CHARITY REGISTRATION NUMBER NIC107800
THE CABRAGH SCHOOL AND McCREIGHT ENDOWMENT
ACCOUNTS
YEAR ENDED 31 DECEMBER 2023
THE CABRAGH SCHOOL AND McCREIGHT ENDOWMENT
ACCOUNTS
YEAR ENDED 31 DECEMBER 2023
| CONTENTS | PAGE |
|---|---|
| General Information | 1 |
| Trustees’ Report | 2 - 4 |
| Independent Examiner’s Report | 5 - 6 |
| Statement of Receipts and Payments | 7 |
| Statement of Assets and Liabilities | 8 |
| Notes to the Accounts | 9 |
THE CABRAGH SCHOOL AND McCREIGHT ENDOWMENT
GENERAL INFORMATION
YEAR ENDED 31 DECEMBER 2023
Charity Name
The Cabragh School and McCreight Endowment
Contact Address
28 Orchard Hill Richhill Co. Armagh BT61 9LE
Charity Registration Number
NIC107800
Trustees Rev C Darling Rev P Munce Mr R Tilson Mr A Collen
Independent Examiner Mr J Hull 116ATandragee Road Markethill Co Armagh BT60 1TT
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THE CABRAGH SCHOOL AND McCREIGHT ENDOWMENT
GENERAL INFORMATION
YEAR ENDED 31 DECEMBER 2023
Trustees’ Annual Report for the year ended 31 December 2023
The trustees present the Annual Report and Statements of Receipts and Payments and Assets and Liabilities for The Cabragh School and McCreight Endowment for the year ended 31 December 2023.
Structure, Governance and Management
The Cabragh School and McCreight Endowment is an unincorporated entity and is governed by a Constitution dated 6 February 2020.
The trustees who served during the year and up to the date of signing the financial statements were: Rev C Darling Rev P Munce Mr R Tilson Mr A Collen
The Rectors of the two Parishes of Ballymore and Mullabrack are automatically appointed trustees for the time being upon taking up the ministry in the Parish. This continues until their ministry in the Parish ceases at which time their trusteeship also terminates.
The two remaining trustees are appointed for an indefinite term and serve until they no longer wish to, at which point they may resign.
The day to day running of the charity is undertaken by the trustees. The trustees do not receive remuneration from the charity.
Objectives and Activities
The charitable purpose of The Cabragh School and McCreight Endowment is to carry on the original purpose of the Endowment made by Andrew McCreight in 1821 to provide Christian religious education to the children and youth of the local area. This is achieved by providing financial assistance to three local schools and two local Parish churches, out of income from investment of the sale proceeds from the old school.
Achievements and Performance
During the year to 31 December 2023 income from the McCreight Endowment was used by the schools to assist in promoting the Christian ethos. It allowed the renewal of assembly resources, the purchase of Bibles together with scripts and music for Christmas nativity productions. It allowed Christian organisations to be invited into the schools to support their religious education curriculum.
One of the schools used the Lifeguards programme centred around protecting your heart by loving and serving God through health and fitness.
The two churches, through their Sunday School and youth organisations, benefited from an increased budget. The youth organisations were able to purchase PE equipment, assist with badge work etc which helped with team building for the youth and leaders. Sunday School received help for outings and the purchase of new craft resources and teaching aids for lessons.
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THE CABRAGH SCHOOL AND McCREIGHT ENDOWMENT
GENERAL INFORMATION
YEAR ENDED 31 DECEMBER 2023
Charities Commissioner of Northern Ireland - Statement of Compliance
The Cabragh School and McCreight Endowment has given careful consideration to the Charity Commission for Northern Ireland’s guidance on public benefit to ensure that the activities entered into during the year have helped to achieve the charity’s objectives and activities, as well as providing public benefit.
The benefit is defined as:
“Flowing from Christian education to children and youth are the adoption of a moral framework which encourages children and young people to play an active and positive part in society, a charitable outlook and the welfare of others, as a result of Christian teaching.”
Financial Review
The accounts show a surplus of £195 for the year, all of which was restricted in nature.
At the balance sheet date, restricted reserves amounted to £126,937 of which all is held at bank and investment. The trustees have a minimum level of reserves of £110,000 to be held by the charity due to the need to maintain the original investment and to allow income to be generated to provide ongoing funding for religious education.
Going Concern
The trustees have reviewed the position of the charity and are of the opinion that the charity will continue in its activities and the accounts should be prepared on a going concern basis.
Statement of Trustees’ Responsibilities
The trustees are responsible for preparing the Trustees’ Report, the Statement of Receipts and Payments and the Statement of Assets and Liabilities in accordance with applicable law and regulations.
The law applicable to those charities in Northern Ireland with income of less than £250,000 requires the trustees to prepare a Statement of Receipts and Payments and a Statement of Assets and Liabilities for each financial year.
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THE CABRAGH SCHOOL AND McCREIGHT ENDOWMENT
GENERAL INFORMATION
YEAR ENDED 31 DECEMBER 2023
The trustees are responsible for keeping accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the assets and liabilities of the charity. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Principal address: 28 Orchard Hill Richhill Co. Armagh BT61 9LE
Charity Registration No: NIC107800
Signed on behalf of the trustees
Original signed …………………………………..
MR R TILSON
Trustee
Date ……18/10/24………………
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