Robinson Memorial Hospital Ballymoney (Incorporated) Statement of Financial Activities for the Year Ended 31 December 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Endowment funds Total 2024 Note Ineome and Endowments from: Charitable activities 205,463 533,912 739,375 Total income 205,463 533,912 739,375 Expenditure on: Charitable activities 9,818) (168,763) (178,581) Total expenditure (9.818) (168,763) (l78,581) Net income 195.645 365,149 560.794 Net movement in ndS 195,645 365.149 560,794 Reconciliation of funds Total funds brought forward 1,877,743 4,105,127 5,982.870 Tota] funds carried forwaTd 2,073,388 Unrestricted funds 4,470,2?6 Endowment funds 6,543,664 Total 2023 Note Income and Endowments from: Charitable activities 128,023 391,594 519,617 Total income 128,023 391,594 519,617 Expenditure on: Charitable activities (28,653) (162,051) (190.704) Total expenditure (28.653) (162,05l) (190,704) Net income 99,370 229.543 328.913 Net movement itL ndS 99,370 229,543 328.913 Reconciliation of funds Total funds brought forward 1,778,374 3,875,584 5,653,958 Total funds carTi¢d forward 1,877.744 4,105,127 5.982,871 All of the charity's activities derive from continuing operations during the above two periods. Th¢ funds breakdown for 2023 is Shown in note I l. The notes on pages I I to 18 forn) an integral part of these fmancial statements. Page 9
Robinson Memorial Hospital Ballymoney Uncorporated) (Registration number: N1000726) Balance Sheet as at 31 December 2024 2024 2023 Note Fixed assets Investments 6,359,980 5,827,589 Current assets Debtors Cash at bank and in hand 11.274 1.039.380 17,033 892,144 1,050,654 909,177 Creditors: Amounts falling due within one year io (866,970) (753,895) Net current assets 183,684 155,282 Net assets 6.543,664 5,982,871 Funds of the charity: Endowment funds 4,470.276 4,105,127 Unrestricted income funds Unrestricted funds 2,073,388 1.877.744 Totsl funds 6,543,664 5,982,871 For the financial year ending 31 December 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating t0 small compani¢s. Directors, responsibilities: The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476. and The directors acknowledge their responsibilities for complying with the requirements of the Act with r¢sp¢ct to accounting records and the preparation of accounts. The financial statements on page5 9 to 18 were approved by the trustees, and authorised for issue on 25 June 2025 and signed on their behalf by.. avid Robinson (President) Trustee Joe Truste n(Ho rary Treasurer) The notes on pages I I to 18 forni an InteaL part of these fmancial statements. Page 10
Robinson Memorial Hospital Ballymoney Uncorporated) Notes to the Financial Statements for the Year Ended 31 December 2024 I Charity status The charity is limited by guarantee, incorporated in Northern Ireland, and consequently does not have share capital. Each of the tnjstees is liable to contribute an amount not exceedin2 £1 towards the assets of the charity in the event of liquidation. The address of its registered office is: 23 Newal Road Ballyrnoney Co Antrim BT53 6HB These financial statements were authorised for issue by the trustees on 25 June 2025. 2 Aeeounting policies Summary of significant accounting policies and key aceounting estimates The principal accounting policies applied in the preparation of these fanCIal statements are set out below. These polici¢s have been consistently applied to all the vears PTesented: unless otherwise stated. Statement of complianee The fmancial statements have been wepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing theiT accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (eff¢ctive l January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), They also comply with the Companies Act 2006 and ChaiLties Act (North¢rn Ireland) 2008.. Basis of preparation Robinson Memorial Hospital Ballymoney (Incorporated) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. The presentation currency of these financial statements is sterling. All amount5 in the financial statements have been rounded to the neaTest £1. Going concern The financial statements have been prepaTed on a going conc¢rn basi5. The trustee5 have assessed a period of12 months from the date of approving the fmancial staternents with r¢gard to the appropriateness of the going concern assumption in preparing the financial statements.The trustees note that and believe that the company will continue as a going concern and be able to Tealise its a55ets and discharge its liabilities in the norn)al course of business. Pagell
Robinson Memorial Hospital Ballymoney (Incorporated) Notes to the Financial Statements for the Year Ended 31 December 2024 Income and endowments Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement IS Tequired, and the amount can be rneasured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources Charilable aclivilies Charitable expenditure comprises those costs incu)Ted by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary 10 support them. Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part I l of the Corporation Tax Act 201 O or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are applied exclusively to charitable purposes. Investment properties Investment property is carried at fair value, derived from the current market prices for comparable Teal estate detennined by external valuers. The valuers use obseTvable rnarket prices, adjusted if necessary foT any difference in the nature. location OT condition of the specific asset. Changes in fair value are recognised in profit or loss. Fixed asset investments F"ixed asset investments. other than prograrnme related invesfmenis, are included at market vatue at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at th¢ start of the year. or their subsequent cost, and are charged or credited to the Ststement of Financial Activities in the period of disposal. Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activitie5 based on the market value at th¢ year end. Cash and cash equivalents Cash and casn equivalents comprise cash on hanii and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Fund structure Unrestricted income funds are general funds that are available for use at the trustee5' discretion in fijrtherance of the objectives of the charity. Page 12
Robinson Memorial Hospital Ballymoney (Incorporated) Notes to the Financial Statements for the Year Ended 31 December 2024 3 Income from charitable activities Unrestricted funds General Other Endowment funds Expendable Permanent Total 2024 Dividends and interest Rent receivable Gainl(Loss) on Investments Subscriptions received & sale of books Donations received Revaluation movement during year 84,996 115,763 53,000 200,759 58,190 428,456 5.190 428,456 235 235 2,743 112.298 (63,307) 48,991 200.272 5.190 168,763 365,149 739,374 Unrestricted funds General Other Endowment funds Expendable Permanent Total 2023 Dividends and interest Rent receivable Gainl(Loss) on Investments Subscriptions received & sale of books Donations received Revaluation movement durina year 65,186 108,926 53,125 174,112 58,440 369.820 5,315 135.555 234,265 105 4,930 105 4.930 (81 n68) 122.708 (87 7QO) 5.315 162.051 229.543 519,617 Paoe 13
Robinson Memorlal Hospital Ballymoney (Incorporated) Notes to the Financial Statements for the Year Ended 31 December 2024 4 Expenditure on eharitable 2etivities Endowment funds Expendable Unrestricted funds General Other Total funds Northern Health and Social Care Trust Legal and professional Audit fee Advertising, Printing & Postage Investment Managers Fees Secretarial Fees Web51te hosting &design & Tegistration fees Bank Fees Property Insurance Property Maintenance Rates Charitable Donations GeneTal Expenses New facilities 11&13 Newall Road Agent Fees 114,971 2,220 2,520 798 20,341 764 114,971 2.220 2,520 798 27,265 764 6,924 80 33 2,092 80 103 2.444 670 1.487 920 307 23,708 325 70 352 670 558 929 920 307 23,708 325 Total for 2024 7,914 1.905 168,763 178,582 Total for 2023 2,i190 l(i2,Oi I 190.704 Page 14
Robinson Memorial Hospital Ballymoney (Incorporated) Notes to the Financial Statements for the Year Ended 31 December 2024 5 Trustees remuneration and expenses No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses OT any other benefits from the charity during the year. 6 Taxation The charity is a registered charity and is therefore exempt from taxation. 7 Fixed asset investments 2024 2023 Investment properties Other investments 905.394 5.454,586 6,35y,y8U 845,394 4.982,195 5,827,589 Investment properties Investment properties Cost or Valuation At l January 2024 Revaluation 845,394 60,000 At 31 December 2024 905,394 Provision At J l December 2024 Net book value At 31 December 2024 905,394 At 31 December 2023 845.394 A property valuation was carried out on 10 January 2025.The basis of this valuation was Market Value. The name and qualification of the independent valuer 15 Mr Daniel Henrv MRICS and is qualified for the purpose of the valuation in accordance with January 2020 edition of the RICS Valuation-Global Standards incorporating the IntemationaE Valuation Standards Page 15
Robinson Memorial Hospital Ballymoney Uncorporated) Notes to the Financial Statements for the Year Ended 31 December 2024 Other investments Listed investment5 Total Cost or Valuation At l January 2024 Revaluation Profitl(Loss) on investsnent disposals Donation and income Te-invested 4,982,193 (11,009) 428,456 54,944 4,982,195 (11,009) 428,456 54,944 At 31 December 2024 5.454,586 5,454,586 Net book value At 31 December 2024 5,454,586 5,454,586 At 31 December 2023 4,982,195 4,982,195 8 Debtors 2024 2023 Trade debtors Prepayments 10,173 I,ioi 8,296 8,737 11,274 17,03i 9 Cash and cash equivalents 2024 2023 Cash at bank 1,039,380 892,144 10 Creditors: amounts falling due within one year 2024 2023 Accruals 866,970 753.895 Page 16
Robinson Memorial Hospital Ballymoney (Incorporated) Notes to the Financial Statements for the Year Ended 31 December 2024 11 Funds Balance at 31 December 2024 Balance at I January 2024 Incoming resources Resources expended Unrestricted Bequests {1,877,743) (200,272) (5.191) 7,914 (2,070,101) (3,287) Bequest Property 1,904 Total unre¥triLt¥d (I,S77,74J) (205,46J) (2,07J,J88) Endowment Pernianent (4,105,127) (365.149) (4.470.276) Expendabl¢ (168,763) 168,763 Total endowment (4,105.127) {5,982,870) (533.912) 168,763 (4,470,276) Total funds (739,37ij 178,581 ((i,543.664) Balance at 31 December 2023 Balance at I January 2023 Ineoming resources Resources expended Unrestricted Bequests (1,778,374) (122.707) 26,563 (1.874,518) Bequest Propety (5.316) 2,090 (3,226) Total unrestricted (1,778.374) (128,023) 28.653 (1,877,744) Endowment Pennanent (3,875,584) (229.543) (162.051) (4,105,127) Expendable 162,051 Totsl endowment (3.875,584) (391,594) (519,617) 162,051 {4,105.127) (5,982,871) Total fund5 (5,653,958) 190.704 Bequests The bequests relate to a Trust Fund established by deed of gift from Mr William Taggart and a Trust Fund established from a bequest from tP.e -s+iate of N4r Thomas Her,ry, &Md tP.- Gault Trust bequests from tF.e estates of Genevieve Robinson, Wallace McNaul. Mrs Nancy Pullen, Mr A Mcllr¢avey. Mr E Leeper and Lena May Bell. Other donations to be used for the benefit of the Robinson Metnorial Hospital are accounted for. including donations during the year from the late Dan Hanna, P Weir and the Rotary Club. Page 17
Robinson Memorial Hospital Ballymoney (Incorporated) Notes to the Financial Statements for the Year Ended 31 December 2024 12 Analysis of net assets between funds Unrestricted funds General Total funds at 31 December 2024 Endowment funds Permanent Expendable Fixed asset investments Current assets Current liabilities 1,889,704 185,085 (1.401) 4,470,276 6,359,980 1,050,654 (866,970) 865,569 {865.569) Total net assets 2,073,388 4,470,276 6,543,664 Unrestricted funds General Total funds at 31 Deeember 2023 Endowment funds Permanent Expendable Fixed asset investments Current assets Current liabilities 1,722,462 155,924 (642) 4,105,127 5,827,589 909,177 (753,895) 753.253 (753,253) 'I"otal net assets 1.817,144 4.105,127 i,982,871 Page 18