Net Ministries United Kingdom Ltd Report and Financial Statements Year Ended 30 April 2023________
Report of the trustees for the year ended 30 April 2023
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, submit their annual report and the financial statements for the year ended 30 April 2023.
The charity is a charitable company limited by guarantee. It is governed by a memorandum and articles of association.
Reference and administration details
Company Number NI660547 Charity Number 107461 Principal Address 12 Queen Street Derry BT48 7EG
Independent Examiner L Duffy & Co Chartered Accountants & Registered Auditors 12 Queen Street Derry BT48 7EG Bankers Bank of Ireland
Trustees and Directors
The directors of the charitable company (the charity) are its trustees for the purpose of charity law and throughout this report are collectively referred to as the trustees.
The trustees serving during the year and since the year end were as follows
Derry Connelly Anne Corcoran Bishop Alphonsus Cullinan Bishop Donal McKeown Chair James Mikulisak Jimmy Sheehan Michael James Sheehan
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Net Ministries United Kingdom Ltd Report and Financial Statements Year Ended 30 April 2023________
Structure, governance and management
Governing document
The charity is a company limited by guarantee governed by its Memorandum and Articles of Association dated 15 November 2019.
Trustees
The Board of Trustees are elected at the AGM by the members present. All new trustees are given, in the view of the board, sufficient training and have enough knowledge of their specific field to understand the nature of the charity and fully comply with the charity’s current view of its progression.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Objectives and activities
The main object of the charity is to
- 1) advance the Roman Catholic religion in Ireland and the UK by developing and facilitating Catholic focused retreats to young people aged 10 to 30.
No activities were carried out in the year under review as Covid stopped the charity from engaging with its intended target.
The trustees have read the Commission’s Public Benefit requirement statutory guidance, and have had regard to this when running the charity
Financial review
The charity had unrestricted reserves of £5,297 at 30 April 2023 (£0 at 30 April 2022).
The charity does not have a policy on reserves as yet as all monies raised are used to fund the company.
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Net Ministries United Kingdom Ltd Report and Financial Statements Year Ended 30 April 2023________
There are no funds held by the charity that are materially in deficit.
The trustees declare that they have approved the trustee’s report above
Signed on behalf of the charity’s trustees on 30 December 2023 by
James Sheehan
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