The Thomas Trust - Trustees, Report 1 April 2023 - 31 March 2024 1. Summary of Activities During the year to 31 March 2024 The Thomas Trust continued its normal activity of making grants in line with its objects, as outlined in the Declaration of Trust dated 12 October 1989, in particular the advanment of the Christian faith. To this end grants were made in January 2024 to Tearfund {Nl) (£2,000) and Good News for Everyone! (£1,000). The income of the Trust historically came from rental income relating to a 119th share of the property at Thomas House, 14-16 James Street South, Belfast. Following the sale of Thomas House during the year to 31 March 2023, the net proceeds We invested by Investec. This investment, referred to as The Thomas Trust (Charitable) with reference number THOMA0617, is the primary asset of the Trust. During the year a transfer of £2,300 was made from the investment account to the bank account to enable the grants to be made. The investment fund performed well during the year with a closing value of £138,461. As the Trust's activities do not result in any liabilities it is not considered necessary to have a specific level of reseNes. However, the Trustees will at all times retain a small amount of cash in its bank account to enable unforeseen liabilities to be addressed or grants to be made at short noti. 2. Public Benefit In undertaking the activities of the Trust during the year, the Tnjstees have had regard to the Commission's Public benefit requirement statutory guidance. To ensure the funds of the charity are used for the public benefit the Trustees have only made grants to other registered charities. This approach ensures the funds are used for the public benefit and do not result in any hann. In addition, grant making to other charities means there is no private benefit from the activities of the charity- 3. Charity Details Ad res cjo 52 Demesne Road, Holywood, BT18 9EX Edgar Gilpin Gavin Pantridge Clifford Tughan David Hewitt i.. Declaration of Trust dated 12 October 1989. Summ the objects of the Charity are to promote all such charitable purposes as the Trustees shall in their uncontrolled discretion from time to time determine and in particular the advancement of the Christian faith, but without geographical or sectarian limitations. 4. Signatures - Trustees Edgar Gilpin Twstee Gavin Pantridge Trustee Date.. Date." /1 N,, 2024
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