phormocy F•rumsD Trustees, Annual Report and Statement of Accounts C W Young Charitable Trust For period ended 31 May 2024 NIC.. 102801 73 Univernity Street, Belfast 8T7 IHL
phormocyF•rum@F Governance Arrangement5 .. Background . Governance Structures and Documents ..... Information and Administration Trustees Objective and Activities..................... Pharmacy Conference............................ Impact of Covid-19 pandemic Financial Position of C W Young............,.. Merging with C W Young Fund........................................................... .......................................... Summary of Financial Position. Trustees Signatures of Approval . Independent Examiner's Report....................................................... Financial Statements.............................. NIC.. 102801 73 univeitY Street. Belfast BT7 IHL
phormocyF•rumL Governance Arrangements Pharmacy Forum Nl (the Forum) is the professional leadership body for all pharmacists registered to practice in Northern Ireland. The elected Board Members of the Forum are also the Trustees of the C W Young Charitable Award. The remit in which the Forum and Trustees operate is set out in a legal scheme of delegation between the Pharmaceutical Society Nl and the Forum. Background The Pharmaceutical Society Nl is legislated through the 1976 Pharmacy Order {Nl) and subsequent amendments in 2012 to regulate and to provide leadership for the pharmacy profe55ion in Northern Ireland. Pharmacy Forum Nl was set up in 2011 to provide the professional leadership function enabling the Pharmaceutical Society to have a regulatory and leadership remit and yet achieve the separation of function consequent to the Government's wish to decouple professional leadership and regulation. A legal scheme of delegation exists between the Pharmaceutical Society Nl and the Pharmacy Forum Nl. It outlines the remit, delegate powers and responsibilities of the Pharmacy Forum Nl specifically in relation to C W Young Charitable Trust under section Delegated Functions to the Pharmacy Forum Management Board, Item I, Delegated functions to the PFMB, I (bj To promote pharmaceuticol education and application of pharmaceutical knowledge. Governance Structures and Documents Organisational Chart PHARMACEUTICAL SOCIETY NI PHARMACY FORUM NI BOARD EDUCATION, RESEARCH & TRAINING COMMirrEE PASS COMMirrEE POLICY AND PRAcficE COMMIThEE O The governing document for C W Young Charitable Trust, is the Declaration of Trust. NIC.. 102801 73 University Street, Belfast BT7 IHL
phormocy F•rum.- Information and Administration C W Young Charitable Trust Society House, 73 University Street, Belfast Northern Ireland BT7 IHL NIC: 102801 Trustees All Trustees are elected members of the Pharmacy Forum Nl Board. Please see below the list of members and their Board positions for the period ended May 312024: O shlIn McKeagneyi Chair of the Board O Anne McAlister, WI Chair of the Board O Philip Boyle, Elected Member O Judith Grayr Elected Member O Neill Elliot¥ Elected Member O Glynis Mcmurtryr Elected Member. All Board Members are supported with general governance training provided by an experienced external training partner. Trustees are also provided with in house Trustee Training, at which they are provided the Trust Deeds for each of the charities for which they are Trustees. This rolling programme of training is aligned with the Pharmacy Forum Nl Board Election process and term of board membership. A skills audit 15 conducted in the year following an election to enhance the training requirements of all Board Members and Trustees alike. Objective and Activities The C W Young Charitable Trust exists as an educational trust to promote and advance, by charitable means only, research and education projects that will develop pharmacy in Nl by supporting the education and acquisition of knowledge and furtherance of research in Nl C W Young Charitable Trust meets the public benefit requirement in two ways, as listed below.. O The advancement of the study and research of pharmacy,. and O Improved health and wellbeing of the general public. Every year the C W Young Charitable Trust meets this purpose by awarding research grants UP to a total amount of £7,500 to applicants. NIC.. 102801 73 University Street. Belfast BT7 IHL
phormocu F•rumLLI The Fund is in honour of Charles William Young, Head of Department of Pharmacy in Belfast College of Technology from 1929-1960. Pharmacy Research During the reporting period there were two successful applications made for funding. Dr Ahmed Abuelhana, Mrs Hayley Coates and Ms Petra Clark were the recipients of £3,750 for their project entitled, 'Cardio-Care Initiative: Innovating Pharmacy Service to Identify and Prevent Cardiovascular Diseases among High-Risk Individuals in Northern Ireland,. This primary objective of this project was to evaluate how community pharmacists can identify ind ividuals at cardiovascular risk and implement interventions, including lifestyle advice, medication optimization, or GP referrals, to reduce risk and improve public health outcomes,. £3,750 was awarded Bronagh White to fund their project entitled 'Student Pharmacists action on the social determinants of health., This project aims to provide student pharmacists with the opportunity to get involved in health education intervention5 in the community sector delivered by Healthy Living Centres IHLCsl which are community-led health and well- being organisations throughout Nl and members of the Healthy Living Centre Alliance. Financial Position of C W Young Charitable Trust A review of the charity's financial position at the end of the year was provided in the Pharmaceutical Society Nl's Annual Report 2023-24. The Annual Report was laid before the Northern Ireland Assembly underArticles 4C and 4D of the Pharmacy {Northern Ireland) Order 1976 by the Department of Health in the last quarter of 2023. As of 31 May 2024, C W Young Charitable Trust bank account total was £18,180. C105ure of Ronnie Mcmullan Trust and Merging with C W Young Charitable Trust In June 2021, after a process of due diligence, Trustees of the Ronnie Mullan Fund decided to close the Ronnie Mcmullan Charitable Trust Fund going forward, due to the fact that Governance and regulatory compliance costs were disproportionate to the cost of delivering the charitable objectives of this small charity. Any remaining fund5 from the charity have since th been transferred as a restricted fund into C W Young Charitable Trust {on 16 January 20241, which has similar charitable purposes; the money has been ringfenced in the bank account as a restricted fund within the C W Young Charitable Trust in memorial to Ronnie Mcmullan. The th amount of money in the Ronnie Mcmullan Account on 16 January 2024 was £9,114.83,. this was transferred tothe newly openedjoint Cwyoung & Ronnie Mcmullan bank account on the same day. The current Ronnie Mcmullan charity account was officially closed on 16th January 2024. Sumrnary of Financial Position Trustees are satisfi'ed with the accounting total of the C W Young Charitable Trust. NIC.. 102801 73 University Street. Belfast BT7 IHL
ohormocuF•rum,,' Trustees, Signatures of Approval Signed and approved on behalf of the Board of Trustees for the C W Young Trust Fund Award on 28 March 2025. Sheelin McKeagney Chair of the Board of Trustee5, Pharmacy Forum Nl Date: 28 March 2025 Anne McAllister Vice-chair of the Board of Trustees, Pharmacy Forum Nl Date: 28 March 2025 NIC.. 102801 73 UniversltyStreet. aelfast BT7 IHL
ohofjmocu F•fjum- LE&d.n4 INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF C WYOUNG CHARITABLE TRUST Independent examiner's statement I report on the financial statements for the year ended 31 May 2024, which comprise the statement of financial activities (including income and expenditure account}, statement of assets and the related notes. Respective responsibilities of trustees and examiner The charity's trustees {who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law, and is eligible for independent examination, it is my responsibilityto: examine the accounts under section 65 of the Charities Act,. to follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 6519){b) of the Charities Act; and to state whether particular matters have come to my attention. Basis of independent examiner's report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given bythe Charity Commission for Northern Ireland under section 65(91(bl of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. My role is to State whether any material matters have come to my attention giving me cause to believe: That accounting records were not kept in accordance with section 386 of the Companies Act 2006. That the accounts do not accord with those accounting records. That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland. NIC.. 102801 73 Unlversity Street. 8elfast BT7 IHL
phormocyF•rumL' That there is further information needed for a proper understanding of the accounts to be reached. Independent examiner's statement I have completed my examination and have no concerns in respect of the matters {1) to14} listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Finegan Gibson Ltd Chartered Accountants & Registered Auditors Causeway Tower 9 James Street South Belfast, BT2 8D DATE.. 28 March 2025 NIC.. 102801 73 Unlversity StreeL Be1ts5t 8T7 IHL
Charity l Young Receipts and payments accounts For the period from To Section A Receipts and payments Unrestricted funds Restricted funds Endowment funds Total funds Last year to the nearest to the nearest£ to the nearest £ to the nearest £ to the nearest £ A1 Receipts Donations & le Grants Fundraisin activities Interest on de osil account Dividend on investments Members. subscri tions Charitable Ir8din recei Is Rents from land & buildin Other charitable recei ts Al Sub total (Gross income for the Annual Return) acies 698 698 4,722 583 4.722 5,063 9.115 .115 5,420 9.115 14,535 5,646 A2 Asset and Investment sales (see tables 7 and 2 in section 7 of the uidance . Proceeds from sale of fixed asset Loan re enls received 96,414 96,414 3.973 A2 Sub total 96.414 96.414 3,973 Total receipts 101,834 9,115 110,949 9,619 A3 Payments Cost of fundraisin events Gross tradin ments Investment mana ement costs Direct charitable activil Grants & donations aid Governance cost5 Other costs 1.690 5.000 1.690 5.000 1,740 2,500 670 104 670 104 1.930 182 A3 Sub total 7,464 6,352 A4 Asset and investment purchases (see fables 1 and 2 in section 7 01 the guidance) Purchase of investments Loans made 91.8fj7 91,867 3,384 A4 Sub total 91,867 91.867 3,394 Total payments 99.331 99.331 9,736 Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end 2.503 9.115 11.618 117 8,975 11.478 8.975 20,593 9.092 8.975 9,115 CCXX R1 accounts ISSI 2810312025
CW Young. NIC 107833 Section B Statf RMCM Charitable Trust Perlod end dat8- 3110512024 NIC 102801 Unrestrlcted funds lo nearns¢£ 965 2,413 Restricted funds Endowment fund$ Categories Detai15 Total funds Last year to Marest£ 9.115 lo neare5t£ to nvarnst£ 10,18Q 2A13 tv nearest£ 4,9B9 3,981 B1 Cash funds CU0n1 accouni DèpDsit accounl Total cash funds 11,478 OK 9,115 20,593 OK 8.975 OK la9ro0 balanC1hrOQPr$ p8yinOnts EunI{BI1 OK Unrestrl¢ted fund$ tD Iwar•sl £ Restrlctsd fund5 to nèarts¥l £ Endowrn8nt funds lo nearest£ Total funds Last y*ar Details to neare51 E lo neare5tE assets Totar Fund lo whl¢h assei belon VnrEStrfjd•d Delgils InvestrnIS Cosl loptlonal} CurTrntvalue La5l yaar 190,089 B3 Invèstment assgts 202.173 Total Fund lo %Yhlch asset belon Details cost loptlonall Currenl v¥lwJ t101 Last year 84 Assets retalned for the charlty's own Total Details Fund tothlch relat When AmDunl due tloTral Last year B5 Llabllltles Total Signed by one or Iruslees on bBhaWof all the trustee5 Signalu Print Narne Date of approval Shaelin McKe8 2W0312025 L'v. Anne MrAlisler 2810312025 2405 CWY Comtllission template accounts ex SM to FG I Slaletnenl of balances2 DErnber 2007
¢WYoung- NIC 107833 Additional analysis (11 P•pW PTTd datp-. 31mS12024 RM¢M Charitable Trust NIC 102801 Analysls of ro¢eipts and paymonts 3110512024 1 Donatlons Unr•Èlritl•d fund ExpryndJbl• •rAlo4¥rngntlund5 P•rmangnt ondowmont runds Tolal GuN•nt pe¢d TolAI1oitp•rfod to n•amt£ to n•aM$t¢ to n•iMst£ Total OK OK OK OK OK 2 Grants Unr•ith¢t•d fund$ to np4r•stÉ Rèstrfctid fund5 Total cyrr•nl wrfod to n•ar•st£ Totsl last Toial OK OK 3 Gr055 recelpts Irorn other charltable a¢iivlll8s Unr•¥trf¢t•d lund8 P•rnianont •ndowm•nl luttds ton•at•st£ R•sknrted lunoj Expgndabl• •nJowrn•nl lunds Total ¢urrent pertod Yotal la$t pBrfgd nèAr#Ét¢ to n•ar•s1È t¢l Total R•f•r•hy#ryor OK R•f•r•nc••rror OK Maltg sure th18 8eciion fftatcljes lh• Infomiallon In S•ctlonAI. Recelpts 4 Paym¢nts rolatlng dlrectly t¢ ¢harllabl8 actlvltles funds Roslrfclgd lund• Exppndable d¢)wrngnl lunds P•rmangnt ondowrnni Vunds Total curr¢nl PBrfjod Totol lFt Pl¢d Its no¥mt£ to t10•1£ tv nNr•stE to n•ar•st£ tu nHrwt£ Ulsler Uruversity Queen5 Univer51ty 5.000 5.99 2,SOO Total 5.000 5,000 2,SOO OK OK OK OK
¢WYout)g- NIC 107833 Additional analysis12) Pwlod Éntl d8to' 3110512024 RM¢M Charitable Trust NIC 102801 S Br88kdown of restricted fund$ R M¢MlIan Youth Club Fund Totsi mtrietsd Total re5rfctsd lunds lait period R•¢•lpts Tn$[erIroM Charity 102801 R M¢M Charilabel Tru81 9.115 9,115 Sub tolal 9,115 9.115 Rtrcelpt5 from as58t & Inve5bnEntS310$ Proceeds from sale of fixed assels Procegdsfrom sal8ofinv8sknents Sub lotal OK Totalrecelpt$ 9,115 9,115 nts ExpensBsforfundraisin Gross Itadi pa tnenis Inveslmenl mana ementcosls enis relatsn direcu to charitable adivities Grants and donabons Governanc0sts." Audit l independenl exarnin81ion Pr&p¥ralion of annual accounts activitias Sub toldl Paymonts T•latlng to a559t and In¥•strnent movemBn15 Purchases of fixed assels PurdEse of inveslmenl$ Sub total Totalpayments 9.115 9.115 Tran$fr$ to I Ifroml funds Surplu51{de)VcftJ fforyear 9.11S 9,11S Nature and ose ol fund5 Reslricted fund5 we lo b8 wBd to fund E250 lowaids th8 all¥ndan of the Foundauon Tralnlng YBar Pharrnausl 51udenl wllh Ihe hSgh8s1 mark in IhB Common IslraliDll As5e55menl al a Phamiac CotrferencB.