CI TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their report and financial statements for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with Cl Trust's Articles of Association, the Companies Act 2006 and 'Accounting
and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts
in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021. (as
amended for accounting periods commencing from 1 January 2016)
Objectives and activities
The objectives of Cl Trust are to apply its premises and reSoUr￿S from time to time to enable adults, young
people and children to engage in..
Amateur sports.,
The arts, culture, heritage or science-
Health and wellbeing-
Citizenship and community development-
at all times for the public benefit.
Cl Trust was incorporated on 6 July 2020 and registered with the Charity Commission for Northern Ireland on 17
September 2021. Cl Trust was established with the purpose of facilitating the merger of The claren￿ Trust
(CIYMSI and The Church of Ireland Young Men's Society (CIYMS} into one new entity, The Clarence Trust
(CIYMSI is an unincorporated charitable entity that oversees the provision and maintenance of grounds at
Circular Road and provides facilities for and the organisation of a wide range of sporting, cultural and social
activities which are overseen by The Church of Ireland Young Men's Society (CIYMS}, an unincorporated
charitable entity.
The merger of The Clarence Trust (CIYMS) and The Church of Ireland Young Men's Society (CIYMS} with Cl
Trust was completed with effect from 30 September 2025. Cl Trust incurred only a limited number of transactions
in the current reporting year in preparation for the merger of these entities post year end.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the
charity should undertake.
Achievements and performance
The main achievements of the charity have been putting in place the necessary preparations to be ready to
facilitate its merger with The Clarence Trust {ClYMS) and The Church of Ireland Young Men's Society ICIYMS). It
is well placed to take over the work of these entities posl merger to enable the Charitsble work to be continued for
the benefit of the members and the local community.
Financial review
The net movement in funds for the financial year ending 31 March 2024 was a net deficit of £3,486 {2023.'
£2,109). Net liabilities of the charity as at 31 March 2024 are £5,595 (2023= £2,109). The charity will hold
reserves once the merger with The Clarence Trust {ClYMS) and The Church of Ireland Young Men's Society
(CIYMS} has finalised and will establish a fijll reserves policy at that stage.
The unrestricted reserves are currently in a defiut position as the charity incurs administrative costs prior to
'operating' and currently is supported by The claren￿ Trust (CIYMS) with funds having been introduced to cover
administrative costs to date. On this basis the accounts are prepared on a going concem basis.

CI TRUST
TRUSTEES. REPORT {CONTINUED){INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Structure, governance and management
The charity is a company limited by guarantee with its governing document being the Articles ofAssociation.
The Trustees. who are also the directors for the purpose of company law, and who served during the year were..
C AAndrews
T A Clements
B L Henderson
A L Mccready
B K Clements
R D Kells
S A Stevenson
A L Mercer
J West
(Appointed 27 August 2024)
(Appointed 27 August 2024)
(Appointed 27 August 2024)
(Appointed 27 August 2024)
(Appointed 27 August 2024)
(Appointed 27 August 2024)
There may be no less than 3 and not more than 13 Trustees. New Trustees are appointed by the existing
Trustees. The Trustee's policy is to ensure a broad representation of business experience, professional expertise
and knowledge of the affairs of the charity on the board.
All ofthe trustees are members of the company and the liability of members is limited. If the charity is dissolved
every member shall ¢ontribLrte up to £1 towards the cost of dissolution.
Decisions are made at trustee meetings by a simple majority if the votes cast.
The Trustees, report was approved by the Board of Trustees.
B L If6nd6rson
T A Clements
Trustee
B L Henderson
Trustee
Dated..
19111124
20111124