Regislered number: N1014040 Charity number: NIC100264 COMPANIES HOUSE 2 7. SEP. 2023 BELFAST Grent Trust Limited Unaudited Tru5tee5' Report and Financial Statements For the year ended 31 December 2022 Illllllll • JCCXPPf14* 2710912023 COMPANIES HOUSE JNI #170 Grent Trusl Limited Contents Page Reference and Admlnlstratlve Deta51s of the Company. Its Trtsstees and Advlsers Tfust••s' Report Independent Examlner's Report Stal¢men¢ of Flrianclal Actbvlil•8 Balance Sheet Notes to th• Flnanclal Sl•tements 10-17 Grent Tfust Limitsd Relefence and Admlnlstratlve Details of the Company. Its Trustees and Advisern F￿ the year ended 31 December 2022 Trustees D A Houston M Bell P Ritchie C¢)mpany règIste￿d number N1014040 Charity feglst•r•d umb•r NIC1CK1264 Registèred office o ASM Chartered Accountants GlerKJinning House 6 Murray Stfeet Bellast BT16DN Independent Examlner Brian Clerkin ASM IB) Ltd 4th Floor Glendinning House 6 Murray Slreet Bellast BT16DN Bank•rs Uknter Bank Ltd PO Box 232 11-16 Done9all Squar• Ea8t Belfast BT1 SUB Sollcllorg George L MacLaln• & Co InN)erial 8uildirKJs 72 High Street Belfasl BT126E F//ASM ARTEIIEO ACCQUIIT•J4TS Page 1 Grent Trust Llmited Trustses. Report For the year ended 31 December 2022 The Trustees present their annual report togethei with Ihe financial statements of the Grent Trust Limited for the period 1 January 2022 to 31 Decernber 2022. The Annual Report serves the purpo8e8 of both a Trustees, report and a director3, report under company law. The Trustees confirm Ihat the Annual Report and financial statements ol the charitable Cornpany compty with the curient sialutory requirements, the iequiremenls of the chartsble companvs goveming document and the provisions of the Statement ol Recommended Practlce {SORP) applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standaid applicable in Ihe UK and Repubh'c of Ireland (FRS102). SirKe Ihe company qualifie$ as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the C¢mpanies Acl 2006 (Strategic Report and Diiectord, Report) Regulalions 2013 has been omitted. Objectlves and aetlvltles a. Pollclès and obJectlv6$ Th• Tfuslees have referred to the Charity Commision'$ guid8nco notes ￿ publlc benefit *fien conslderlng the obJedlve5 and activities of Ihe charty, The Trustees have the power to appty the funds in such a manner as they think fit or for the benefrt of any charitable object or purpose. Grants are only made to dher UK registered charlties. The Truslees identify proiects and organisations they wish to support and so the Tnjst does not make grants to persons or Qrganisations who apply speculativety. The directors currently have a policy of supportin9 three typos of actlvty- religious or9anisations. medl¢al charlties and Third Wortd relbef. b. Strat•gles for achlevlng obJectlve$ The Grenl Twst's Mission is: 1. to use investrnents pnmyenlly to generate Incorne; 2. to maximise the sustainability of its revenue base; 3. to rnake a difference to the supported charrties., 4, to support Ihe grothlh of local and Christlan charties,, and 5. to Improve the phy$cial. mental and spSrltual welkbeing of people. ¢. Risk Mana9•mont Grent Tfust's 014'ective is to identify and manage those risks %thich are 11(ety to ¢xcur, and rf they did, have signfficant irrpact on G￿fil Trust. The Trust will utilise risk managernent techniques in all aspects of its cpeiations and will inte9rato risk rnanagement 8$ part of ils culture, Anrnually the Tiust will xlentrfy, prioritlse and assess Ihe risk that rt 68 suwect to. Procedura8 lo control and mmiior the risk ￿111 then be identified, Achlevements and perfonnance a. Maln achievements of Ihe company The Twust VAS able to allocate granls of £29.000 for the year, details of which are given in Nol• S of the acwunts. SASM HAflTfllEO A¢CQYIITAIIY¥ Pa98 2 Grent Trust Limited Tn•stees' Report (¢ontinu•d) Foi the year ended 31 December 2022 Flnanclal révlew a. Golng coneern After making appropriate enquiries. the Trustees have a reasonable expectation that the company has adequale reSoU￿e5 lo continue in operational existence for Ihe foreseeable future. For this rea$on, they continue to adopt the going concern basis ￿ preparing the financial statements. Furthef details regarding the adoption of the going concem basis can be found in the accounting policies. Structure. governance and management . Constitutlon Grent Trust Limited is a charity esiablished on 31 December 1979. registration nurr*)er N1014040, and is govemed by its MemorarKlurn and Articles of Association and Ihe Companies Act 2006. It is recognised as a charity by H M Revenue & Customs, relerence XN 56712, and by Ihe Charity Commisston of Northern Ireland, reference NIC100264. b. M•thod8 of appolntm•nt or •lectlon of TfUSt••8 The management of Ihe eornpany is the responsibility of the Trnstees who are elected and Co￿pIed under the tenns of Ihe Mernorandum of Assoriation. The dffectors iesign and are eligible for re4lection on a three year lenure as ￿qUired by the Companies Act. When ther¢ is a requirement for new direclors these are identified and appointed by the rernaining directors. subject lo re4leclion at tha next annual general meeling. Suitable Inductlon trainlng Is glven to new dlrectors. . Organlsatlonal structur• and declslon4naklng pollcles The Trnslees, who are the directors, arè responslble for govemance. The day lo day admlnbstrntion. or￿inalty delegated to a Truste¢. 15 rw handled externally with Boa￿ oversight. The Twstees who served the company durfng the period were 88 lollows: D A Houston Bell P Rrtthi? FAASM M4ATef¢fD ACCQVNTA1415 Page 3 Grenl Trust Llmlted Tru8tees' Report (Cont•nu￿) For the year ended 31 Decefflber 2022 Statemont of Trustees. responslbllltles The Trustees (who are also the directo￿ of the company for the purpose5 Of c￿MpanY law) are rosponrjible for pr8pafing tl* Trustees, Rep(rt and Ihe financial Slatem￿lS in aco)rdance with appucable law and United KffWom Accounting Standards (Unlted Kingdom Generalty A￿epted Accounlin9 Prxbce). Company law requires the Trustees to prepare financlal statewEnts for each financial . Under company law, tha Tntstees must not approve ts financial statemenls unless they are satssfied that they give a twe and fair view of the slate of affairs of company and ol 115 Incorning res0￿eS and application ol resources, induding Its income and expenditure, for that p¢ricKI. In wepaiing these financial statements, Ihe Trustees are required lo: select suilable accounting policies and then appty Ihem consistent￿, obserrfe the method5 £nd w1ncl￿eS of the Charilles SORP (FRS 102); mak8 wdgments and accx>unting estimates that are re&sfmable WKI prudeni; 8tate wh8ther.applicable UK Accountlng Standards (FRS 102) have beèn followed, 8ubject.to any materfal departures disdosed and ex￿aIned Sn the financial slatements., preparg the financial staloments on Ihe going concern basis unless it is inappropriate to presume Ihal the ¢ompany will contsnue In buslness. The Trt￿teaS we responsible for keep5ng adequate a¢¢ounling re￿rdS Ihat af• suifi(aent to show and explaln the companys transacts'ons and disclose V￿1h reasonable accuracy at any time the financial posltion ol the For Ihe year ended 31 December 2022 Independent Examiner's Statement I have completed my examination and have no concerns in resped of the matters (1) 10 {4) listed above and. in conr￿lI0n with following the Directions ol the Chafity Commission for Northém Ireland, I have found matters that require diawing to your attenlion. Thls report is m•Ye solely to the compan￿$ Trustees, as a body, In accordancè wlth section 65(3){a) of the Charities Acl (Northem lieland) 2008 and regulations made under 5e¢lion 66 of that Ad. My work has been undertaken so that I mighl slate to Ihe companls TnJste88 thLYJe matters l am fequired to stale to Ihem in an Independent Examin¢rf$ Report and for no other purpose. To the fullesl extent pemiitted by law. I do nol accepl or assume responsibility to anyone other than the ¢ompany and the corry)anls Trustees as a body, for my work or for this report. Swdned.. Dated.. 22 Septernber 2023 8rian Clerf(in FCA ASM Chartered Ac¢ountants 4th Floor Glendlnning House 6 fvlurray Street 8ellast 8T16DN F/&>ASM CWARTeAto A¢couNrAIIFS Page 6 Grent Trust Limbted Statement of financlal activities Ilncorporating income and expenditure accounl For the year erKled 31 December 2022 Unrestrlcted funds 2022 Total funds 2022 Total furwjs 2021 Note Income from: Investments 143,510 143.510 147.725 Total Incom• 143.510 143.510 147,725 Expendlture on: Raising funds Charitable activiti8S 64.409 37.006 64.409 37.006 46,833 37,496 Totsl expendlture 101.415 101,415 84.329 Net movement In funds 42,095 42,095 63.396 Reconclllation of funds: Total funds brought forward Net movement in funds 1,154.083 42,095 1.154.083 42.095 1.090.687 63.398 Tolal funds carwled forward 1.196,178 1,196,178 1,154,083 The Statement of Financial Aclivities includes all gahs and losses recognised in the year. The notes on pag¢s 10 to 17 part of these financial statements. ASM CMAATEAEO KCOUMTANTS Page 7 Grent Trust Limited Re9iStered number: N1014040 Balance Sheet As at 31 December 2022 2022 2021 Note Fixed assets Investment property 686,733 686.733 686.733 686.733 Current assets Debtors Cash at bank and in hand 104.628 437.176 99.097 400.611 $41,804 499,708 Creditors.. amounts falling due within one year 10 (32,3601 {32.359) Net current assets 509,444 467.349 Tolal nel assets 1,196,177 1,154,082 Charlty funds Restricted funds 12 Un￿Stricted funds Share capltal 12 1,196,077 100 1,153,982 100 12 Total funds 1.196,177 1,154,082 ASM OIARTEAED ACCOUNfM4rs Page 8 Grent Trnst Llfflftad Registered number: N1014040 8alanc• Sheet (cont¢nued) As at 31 Decemb•r 2022 The c%¥npany was entSded to exemptlon trom audit undw secllon 477 of the Companles Ad 2006. Th8 members have nol requlred the company lo obtBin an audit for tho year In quoslK>n in accordan￿ V•ith sethn 476 of Companies Act 2006. Tha Trnstees acknowledge their responsibilitss for complyiro with the fequirernents of th& Act wllh resp￿1 to accounting ￿￿rdS and preparation of finandal statements. The financial statements have been prepgrdd in accordance with Ihe provisions applicable to entitles 8ubl&ct to tha sm811 cunpanbes fegime. The financial stal8ment8 were approved and authorised for158ue by Ihe Trustees on 22 Septembor 2023 arKI $Sgned on Ih6ir behalf by. D A Hou8ton Truslee l Oirector The notes on pages 10 k) 17 f