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2025-05-31-annual-report

Trustees Annual Report and Statement of Accounts

C W Young / R McMullan Charitable Trust

For period ended 31 May 2025

CCNI No: 107833

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73 University Street, Belfast BT7 1HL

Contents

Governance Arrangements ...................................................................................................... 3 Organisation Background/History ........................................................................................ 3 Governance Structure and Documents ................................................................................ 3 ORGANISATION CHART ................................................................................................... 4 Information and Administration ............................................................................................ 4 Trustees .............................................................................................................................. 4 Closure of R McMullan Charitable Trust and Merger with C W Young Charitable Trust ................ 5 Background ......................................................................................................................... 5 Resolution ........................................................................................................................... 5 Objectives of the Charitable Trust ............................................................................................ 6 Operation of the Funds ........................................................................................................ 6 Summary of Financial Position ................................................................................................ 8 Trustees’ Signatures of Approval .......................................................................................... 8

CCNI No: 107833

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73 University Street, Belfast BT7 1HL

Governance Arrangements

Organisation Background/History

Pharmacy Forum NI (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 / R McMullan Charitable Trust (the Charitable Trust). The remit in which the Forum and Trustees operate is set out in a legal Scheme of Delegation between the Pharmaceutical Society NI (the Society) and the Forum.

The Pharmaceutical Society NI (the Society) is legislated through the 1976 Pharmacy Order (NI) and subsequent amendments to regulate and to provide leadership for the pharmacy profession in Northern Ireland.

The Forum was set up in 2011 to provide the professional leadership function enabling the 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.

The Charities Act (Northern Ireland) 2008 sets out some guidance for charity trustees on how they should manage their investment funds. Quoting from the Act, a trustee should have regard to “the suitability to the trust of the proposed investment” and to “the need for diversification of investments of the trust”. In addition, before taking up the investment powers, “a trustee shall obtain and consider proper advice about the way in which the power should be exercised.”

Governance Structure and Documents

A legal Scheme of Delegation exists between the Society and the Forum which outlines the remit, delegate powers and responsibilities of the Forum specifically in relation to the Charitable Trust under Item 1 Delegated Functions to the Pharmacy Forum Management Board (PFMB), (b) to promote pharmaceutical education and application of pharmaceutical knowledge and (e) to apply funds under the Society scholarships for the furtherance of education and research in pharmacy.

CCNI No: 107833

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73 University Street, Belfast BT7 1HL

C W Young / R McMullan Charitable Trust is a registered Northern Ireland charity (CCNI 107833).

The governing documents for the Charitable Trust are the Declaration of Trusts and Deed of Variation.

ORGANISATION CHART

Information and Administration

Pharmacists’ Advice and Support Services (PASS)

Society House, 73 University Street BELFAST BT7 1HL Northern Ireland CCNI No: 107833

Trustees

All Trustees are elected members of the Pharmacy Forum NI Board. Please see below the list of members and their Board positions for the period ended 31 May 2025:

CCNI No: 107833

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73 University Street, Belfast BT7 1HL

All Board Members receive general governance training delivered by an experienced external provider. In addition, Trustees receive in-house training, at which they are provided with the relevant Trust Deeds for each of the charities for which they act. This rolling programme aligns with the Forum’s Board Election process and term of board membership. A skills audit is conducted in the year following each election to inform and enhance ongoing training requirements.

Closure of R McMullan Charitable Trust and Merger with C W Young Charitable Trust

Background

The Trustees of Pharmacy Forum NI administered three separate charities. In June 2021, in light of changes to the regulatory framework for charities in Northern Ireland, the Trustees undertook a review of two of these: the C. W. Young Charitable Trust and the Ronnie McMullan Charitable Trust.

Following a process of due diligence, the Trustees concluded that the governance and regulatory compliance costs associated with maintaining two small charities were disproportionate to the scale of their activities and the delivery of the charitable objectives.

The Trustees, therefore, decided to close the Ronnie McMullan Charitable Trust. On 19 January 2024, the Ronnie McMullan Trust Fund account was formally closed and the remaining balance of £9,114.83 was transferred to a newly established account entitled C W Young R McMullan Memorial Fund.

Resolution

The Trustees unanimously resolved that the Ronnie McMullan Charitable Trust be formally closed with the Charity Commission for Northern Ireland and the assets merged with the C.W. Young Charitable Trust , which would thereafter be renamed as:

C W Young / R McMullan Charitable Trust

The Charity Commission was informed of this detail on 2 May 2024.

CCNI No: 107833

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73 University Street, Belfast BT7 1HL

Objectives of the Charitable Trust

The Charitable Trust exists as an education trust to promote and advance, by charitable means only:

The Trust was formed following the merger of two charitable funds. While now administered as one Charitable Trust, each fund retains its distinct purpose.

The Charitable Trust meets the public benefit requirement in two ways:

Operation of the Funds

The Funds from which the awards are made honour:

CCNI No: 107833

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73 University Street, Belfast BT7 1HL

Each year:

Historically, the bursary supported attendance at the annual All-Ireland Pharmacy Conference, including travel, accommodation and registration costs. However, due to the impact of the COVID-19 pandemic, such events were disrupted and awards were not issued in recent years.

The Trustees carefully considered how best to recognise qualifying recipients retrospectively, taking into account the original purpose and remit of the bursary, the needs of current and future beneficiaries, and the requirement to ensure the Trust continues to meet its charitable objectives. Pre-registration students who achieved the highest score in the Common Registration Assessment between 2019 and 2025 will be identified and contacted in writing to inform them of the terms and permitted use of the bursary in accordance with its charitable remit.

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73 University Street, Belfast BT7 1HL

Summary of Financial Position

The Trustees are satisfied with the accounting total of the C W Young / R McMullan Charitable Trust.

Trustees’ Signatures of Approval

Signed and approved on behalf of the Board of Trustees for the C W Young / R McMullan Charitable Trust on 10 March 2026.

Signature SHEELIN McKEAGNEY Chair of the Board of Trustees, Pharmacy Forum NI

Date: 10 March 2026

Signature: ANNE McALISTER Vice-Chair of the Board of Trustees, Pharmacy Forum NI Date: 10 March 2026

CCNI No: 107833 73 University Street, Belfast BT7 1HL

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