Charity registratlon number NIC100236 (England and Wales) Company rfrglstratlon number N1617518 THE MARY PETERS TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE MARY PETERS TRUST LEGAL AND ADMINISTRATIVE INFORMATION Directors Lady Mary Peters Mr Ken Nixon Mr Jim Gracey Mr William Doggart Ms Julia Hastings Dr Michael McKillop Mr John Rollins Mr Jim Rose (Appointed 8 May 2024) (Appointed 6 June 2024) Charity number (Northern Ireland) NIC100236 Company number N1617518 Registered office Athletics House Old Coach Road Belfast Northem Ireland BT9 SPR Independent examiner HM Chartered Accountants 6th Floor East Tower Lanyon Pla2a 8 Lanyon Place Belfast Co. Antrlm BT13LP Bankers Danske Bank Donegall Square West Belfast Co. Antrim Northem Ireland BT16JS Sollcitors Cleaver Fulton Rankin 50 Bedford Street Belfast Co. Antrim Northern Ireland BT2 7FW
THE MARY PETERS TRUST CONTENTS Page Directors. report Independent examinerfs report Statement of financial acttvities Statement of finanaal position Notes to the financial statements 7-17
THE MARY PETERS TRUST DIRECTORS. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The directors present their annual report and financial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financi81 statements and comply with the company's governing document, the Companies Act 2006 and"Accounling and Reporting by Charities., Statement of Recommended Practice applicable to charities preparing their accounts in accordan witr the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102). las amended for accounting periods commencing from 1 January 2016) Obje¢tlves and activities The principal objective of the company is the promotion of sport within the province of Ulster within Ireland by,. providing financial awards to individuals and groups to assist with competition as amateurls)., providing support to help the development of skills and capabilities of sportsmen and women to enable participation in sport and maximise potential,. helping sportsmen and women especially, bul not exclusively, through sport so 85 to develop their capabilities to enable them to participate in society as independent and responsible individuals; anyihing else considered necessary or expedient to the promotion of sport as deemed necessary by the directors. Public benefit The directors have paid due regard to guidance issued by the Charity Commission in deciding what activities the company should undertake. A¢hlevements and performance Significant activities and achievements against objectives Achievements and performance Significant activities and achievements against Objectives The directors are pleased to report that under the Sports Awards there were 159 grants awarded cornpared to 128 grants in the prior year. The total amount awarded amounted to £104,Q50 in the year, as compared to £96,000 in 2023. The directors are gratefijl for the ongoing support of the company's regular sponsors listed in notes 3 and 20. Financlal review The financial results for the year are shown in the statement of financi81 activities on page 5. The total surplus for the year after gains on investments was £65,43912024'. £36,795). A gain on investments of £33,097 was made in the year (2024- £4,979 lossl. The Directors are satisfied that the Trust is in a strong financial position and can continue lo help young people achieve their sport(ng dreams and ambitions in the coming years. Reservos policy The company has a reserves policy in place to ensure it is in a position to continue to make sports awards at a level consistent with or above those which have been maintained in recent years and lo cover any contingencies which may arise. The directors consider it is essential lo maintain a substantial level of reseeS to ensure funds are always available to meet their charitab18 and other commilments Designated funds The directors have not designated any of the unrestricted funds for specific purposes at 31 March 202512024: £nil). Rlsk management The directors have assessed the major risks to which the company is exposed. and are satisfied that systems are in place to mitigate exposure to the major risks.
THE MARY PETERS TRUST DIRECTORS, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Reseryes policy Financial managernent risk The company's principal financial instruments comprise investments. cash. trade debtors and creditors. The main risks associated with these financial assets and liabilities are sel out below.. Liquidity risk Liquidity risk is the risk that an entity will encounter difficulty in meeting obligations associated with financial liabilities. As the company has investments and surplus cash reserves liquidity is not regarded as a significant risk. Interest rate risk The company invests surplus cash in deposit accounts which are interest bearing and has no bank borrowings. Accordingly, the dlrectors do not believe that the company has significant exposure arising from interest rate risk. Structure, governance and management The Mary Peters Trust was incorporated under the Companies Act (Northern Ireland) 2006 on 25 March 2013. is company limited by guarantee, not having a share capital. It is also a registered charity. The directors have overall responsibility for ensuring thal the company has an appropriate system of internal controls, financial and otheNise. They are also responsible for keeping proper accounting records vthich disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities and to provide reasonable assurance that.. the company is operating efficiently and effectively- its assets are safeguarded against unauthorised use or disposition. proper records are maintained and financial infomiation used within the charity or for publication is reliable., the company complies with relevant laws and regulations and operate5 to the public benefit test. The systems of intemal control are designed to provide reasonable but not absolute assurance against material misstatement or loss. They include., a strategic plan encompassing land purchase and refurbishment costs and an annual budget approved by the directors-, regular Gonsideration by the directors of financial results, variance from budgets, non-financial performance indicators and benchmarking reviews., delegation of authority and segregation of duties where possible within the constraints of a small charity- and identification and management of risks.
THE MARY PETERS TRUST DIRECTORS. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The directors who served during the year and up to the date of signature of the financial statements were.. Lady Mary Peters Mr Ken Nixon Mr Jim Gracey Mr William Doggart Ms Julia Hastings Dr Michael McKillop MBE Mr John Rollins Mr Jim Rose (Appointed 8 May 20241 (Appointed 6 June 2024) Recruitment and appointment of trustees The recruitment of directors is reviewed periodically by Ihe Board. Nominations are sought and approved by the Board of suitable persons who have an interest in the promotion of amateur sport within the province of Ulster. None of the directors has any beneficial interest in the company. All of the directors are rnembers of the company and guarantee to contribute £10 in the event of a winding up. Induction and training for new Board members includes information on background and history of the organisation, roles and responsibilities of Board members, code of conduct, charitable legislation and company policies and procedures. Appropriate training and briefings are organised with external professional advisers in respect of governance, the responsibilities of directors and charitie5 legislation. The Directors. report was approved by the Board of Directors. Mr Ken Nixon Dlrector MrJim Gracey Director
THE MARY PETERS TRUST INDEPENDENT EXAMINER'S REPORT TO THE DIRECTORS OF THE MARY PETERS TRUST We report to the directors on our examinalion of the financial Statements of The Mary Peters Trust (the company) for the year ended 31 March 2025. Responsibilities and basis of report As the directors of the company land also its directors for the purposes of company lawl, you a responsible for the preparation of the financial statements in accordan with the requirements of the Companies Act 2006. Having satisfied myself that the financial statements of the company are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examinalion of the company's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515)(b) of the Charities Act2011. Independent examinerf5 Statement Since the company's gross income exceeded £250.000, the independent examiner must be a member of a body listed in Section 145 of the Charities Act 2011. 1 confirm that l am qualified lo undertake the examination because I am a member of Institute of Chartered Accountants Ireland, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not k8Pt in respect of the company a5 required by section 386 of the Companies Act 2006. the financial statements do not accord with those records; or the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination., or Ihe financial statements have not been prepared in accordance with the methods and principles of the Statement of Recornmended Practi for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Harbinson Mulholland 6th Floor East Tower Lanyon Plaza 8 Lanyon Pla Belfast Co. Antrim BT13LP Date= 0210712025
THE MARY PETERS TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDrfuRE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Notes Income from: Donations and legacies Other trading activities Investments 81,105 76,200 157,305 97,245 69,000 166,245 60,120 74,654 60,120 74,654 57,498 75,558 57,498 75,558 Total Income 215,879 76,200 292,079 230,301 69,000 299,301 ¢nditure on: Raising funds 102,110 102,110 83,931 83.931 Charitable activities 81,427 76.200 157,627 104,596 69,000 173,596 Total expendlture 183,537 76,200 259,737 188,527 69.000 257,527 Net gainslllossesl on investments 13 33,097 33,097 (4,979) (4,979) Net movement In funds 65,439 65,439 36,795 36,795 Fund balances at 1 April 2024 1,987,940 1,987,940 1,951,145 1,951,145 Fund balances at 31 March 2025 20,21 2,053,379 2,053,379 1,987,940 1,987,940 The statement of financial activities includes all gains and losses recognised in the year. All income and 8xpendilure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account underthe Companies Act 2006.
THE MARY PETERS TRUST STATEMENT OF FINANCIAL POSITION ASAT31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets Investments 15 16 839 1,896,253 1.670 1.864.818 1,897,092 1.866.488 Current assets Debtors Cash at bank and in hand 17 3.045 166,658 11,856 129,720 169,703 141,576 Credltors: amounts falling due wlthln one year 18 113,4161 120,124) Net current assets 156,287 121,452 Total assets less current liabilities 2.053,379 1.987,940 Income funds Unrestricted funds 21 2.053,379 1,987.940 2,053,379 1,987,940 The company is entitled to the exemption from the audit requirement contained in section 477 of Ihe Companies Ad 2006, for the year ended 31 March 2025. The directors acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure. for the financial year in accordance with the requirements of secltons 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial ststements were approved by the Directors on Mr Ken Nixon Director Dlrector Company Registration No. N1617518
THE MARY PETERS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng policies Charity information The Mary Peters Trust is a private company limited by guarantee incorporated in Northem Ireland. The registered office is Athletics House. Old Coach Road. Belfast. BT9 SPR, Northern Ireland. 1.1 Accounting convention The financial statements have been prepared in accordance with the company's governing document, the Companies Act 2006. FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporling Standard applicable in the UK and Republic of Ireland (FRS 102)" The company is a Public Benefit Entity as defined by FRS 102. The company has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows. The financial ststements are prepared in sterling, which is the fijnctional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial ststements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the 1CtorS continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the directors in furtherance of their charitable objectives. Restricted knnds are subject to specific condilions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.4 Income Income is recognised when the company is legally entitled to it after any perfomiance condilions have been met. the amounts can be measured reliably. and il is probable that incorne will be received. Granls received for specific purposes are accountsd for as restricted fund5. Interest on funds held on deposit is recognised when the amount can be measured reliably by the company, usually upon notification of the interest paid or payable by the bank. Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in Ihe normal course of business, net of disceunts, VAT and other sales related taxes.
THE MARY PETERS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) 1.5 Expenditure Expenditure is recognised once the is a legal or constructive obligation to transfer economic benefit to a third party, it is probable thal a transfer of economic benefils will be required in setuement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity- The costs of each activity are made up of the total of direct costs and shared costs. including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contiibute to more than one activity and support tx)sts which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent. and depreciation charges are allocated on the portion of the asset's use. Expenditure is accounted for on an accruals basis and includes the attributable input VAT which cannot be recovered. Expenditure is recognised once there 15 a legal or constructive obligation to make a payment to a third party. 1.6 Tanglble fixed assets Tangible fixed assets are initially measured at cost and subsequently measu at C05t or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their useful live5 on the following bases.. Computers 33Q/o straight line The gain or loss arising on the disposal of an asset is delemiined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Fixed asset Inveslments Fixed asset investments are initially measured at transaction price excluding transaction costs. and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net incomel(expenditure) for the year. Transaction costs are expensed as incurred. 1.8 Impairnient of fixed assets At each reporting end date, the company reviews the carrying amounts of its t8ngible assets to detemiine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the exterrt of the impairment loss lif any). 1.9 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held at call with banks, other 5hort-term liquid investments with original maturtiies of three months or less, and bank overdrafts. Bank overdrafts are shown wrthin borrowings in CUent liabilities.
THE MARY PETERS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Icontlnued) 1.10 Financial instruments The company has elected to apply the provisions of Section 11 '8asic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the companls balance sheet en the company becomes paty to the contractual provisions of the instrument. Financial assets and liabilities are offset, wtth the net amounts presented in the financial statements. when there is a legally enforceable right lo set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Bas1¢ flnancial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the eff8ctive interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortrsed. Bas1¢ flnanclal liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rale of interest. Financial liabilities classrfied as payable within one year are not amortised. Debt instruments are subsequently Caled at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are dassified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognitlon of financial liabilities Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled. 1.11 Employee benefits The cost of any unus8d holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.12 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
THE MARY PETERS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Crftlcal accountlng estlmates and Judgements In the application of the company's accounting policies, the directors a required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experien and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recagnised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Donations and legacles Unrestrl¢ted Restricted funds funds Total Unrestrlcted Restrictsd funds funds Total 2025 2025 2025 2024 2024 2024 Donations and gift5 81.105 76,200 157,305 97,245 69,000 166,245 Donatlons and gifts King George Vl Local authoritieslGLL Navigator Blue Magill Coaching Make It Happen Alchemy Tech Services Other 6,000 6,000 10,000 6,000 12,000 2,200 5,000 5,000 11,000 6.000 8.000 10,000 11,000 6,000 12,000 2,200 6,000 8.000 20,000 51.105 20,000 101,105 20,000 66,245 20,000 116,245 50,000 50,000 81,105 76.200 157,305 97,245 69,000 166,245 Income from other trading activities Unrestrlcted Unrestrlcted funds funds 2025 2024 Fundraising events Book sales 58,382 1,738 51,206 6,292 Other trading activities 60,120 57,498 10
THE MARY PETERS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from Invostments Unrestricted Unrestrlcted funds funds 2025 2024 Evelyn Pathers investment income Interest receivable 57.658 16,996 57,743 17.815 74,654 75,558 Expenditure on ralslng funds Unrestrlcted Unrestricted funds funds 2025 2024 Fundraising and publlclty Membership schernes and social lotteries Staging fundraising events Other fundraising costs Support costs 4,200 56,176 3,111 28,488 4,200 32,676 1,377 36,126 91,975 74.379 Investmenl management 10,135 9,552 Total costs 102,110 83,931 11
THE MARY PETERS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expendlture on charitable activities Charitable activities 2025 Charitable activities 2024 Direct cost5 Grant funding of activities (see note 8) 116,330 126,050 Share of support and governance costs (see note 9) Support GovernanGe 28.488 12.809 36,126 11,420 157,627 173.596 Analysls by fund Unrestricted funds Restricted funds 81,427 76,200 104,596 69,000 157,627 173,596 Grants payable 2025 2024 Grants to institutions Grants to individuals 5,000 111,330 5,000 96,000 116,330 126,050 12-
THE MARY PETERS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs Support Governance costs costs 2025Support costs Governance cosls 2024 Staff costs Depreciation Rent Premises expenses Stationery and computer Sundry Bank charges 39.842 831 8.800 874 4,459 1,264 906 39,842 831 8,800 874 4,459 1,264 906 51.325 823 9.325 839 7,920 1,483 537 51.325 823 9,325 839 7,920 1.483 537 Accountancy Accountancy Legal and professional 3.390 2,596 6,823 3,390 2.596 6,823 3,366 2,004 6,050 3,366 2,004 6,050 56,976 12,809 69.785 72,252 11,420 83,672 Analysed beeen Fundraising Charitable activitl8S 28,488 28,488 28,488 41,297 36,126 36,126 36,126 47,546 12,809 11,420 56,976 12,809 69,785 72,252 11,420 83,672 10 Net movement in funds 2025 2024 The net movement in funds is ststed after chargingl(crediting)'. Fees payable for the independent examination of the charity's financial statements Depreciation of owned tangible fixed assets 3,390 831 3,366 823 11 Directors None of the directors lor any persons connected with them) reiVed any remuneration or benefits from the company during the year. 12 Employees The average monthly number of employees during the year was.. 2025 Number 2024 Number Administration 13-
THE MARY PETERS TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Employees (Continuedl Employment costs 2025 2024 Wages and salaries other pension costs 38,550 1.292 49.751 1,574 39,842 51,325 There were no employees whose annual remuneration was more than £60,000. Remuneration of key management personnel The remuneration of key management personnel was as follows: 2025 2024 Aggregate wmpensation 39,842 41,931 13 Gains and losses on inve51ments Unrestrlcted Unrestricted funds funds 2025 2024 Gainsl{losses) arising on.. Revaluation of investments Sale of investments 61,151 (28,0541 13,8921 11,0871 33,097 14,9791 14 Taxation The charity is exempt from taxation on its activities because all it5 incotne is applied for charitable purposes. 14-
THE MARY PETERS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Tanglble flxed assets Computers Cost At 1 April 2024 9,596 At 31 March 2Q25 9,596 Depreclatlon and irnpairment At 1 April 2024 Depreciation charged in the ye8r 7,926 831 At 31 March 2025 8,757 Carrying amount At 31 March 2025 839 At 31 March 2024 1,670 16 Fixed asset Invastments Listed investments Cost orvaluation At 1 April 2024 Additions Realised gainsl{lossesl Disposals 1.864,818 393,653 33,190 (395.408) At 31 March 2025 1,896,253 Carrying amount At 31 March 2025 1,896.253 At 31 March 2024 1,864,818 17 Debtors 2025 2024 Amounts falling due wlthln one year: Trade debtors Prepayments and accrued income 1,060 1,985 10,000 1,856 3,045 11,856 15
THE MARY PETERS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Creditors: amounts falling due wlthln one year 2025 2024 Other taxation and social security Trade creditors Other creditors Accruals and deferred income 1.212 5,332 390 6.482 604 202 19.314 13,416 20.124 19 Retlrement beneflt schemes 2025 2024 Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes 1,292 1,574 The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund. 20 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. Movement in funds Incoming Resourc•s Balan¢e at r8sour¢e8 expended 31 March 2025 Balan at 1 Aprll 2024 King George Vl Navigator Blue Magill Coaching Awards Other 6,000 6,000 12,000 52,200 {6.0001 16,0001 (12,000) (52.2001 76,200 176.2001 'Other restricted donatlons At the request ofthe donors, they have asked to remain anonymous. 16-
THE MARY PETERS TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 21 Analysls of nat assets between funds Unrestrfcted Restricted 2025 2025 Total 2025 Total 2024 Fund balances at 31 March 2025 are represented by= Tangible assets Investments Current assetsl{liabilitiesl 839 1,896,253 156,287 839 1,896,253 156.287 1,670 1,864,818 121,452 2,053,379 2,053,379 1.987,940 22 Related party transactlons There were no disclosable related party transactions during the year12024 - none). 17-