Human Rights Trust
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 30 June 2023
2023
Unrestricted Endowment
fvnds
funds Total funds
2022
Total funds
Note
Income and endowments
Investment income
25,998
25,998
25.046
Total income
25,998
25,998
25,046
Expenditure
Expenditure on charitable activities
Total expenditure
27.774
27,774
27,620
27.774
27,774
27,620
Net expenditure and net movement in
funds
(1.776)
(1,776)
(2.574)
Reconciliation of funds
Total funds brought forward
Total funds carrled forward
369.870
201.096
570.966
573.540
368.094
201,096
569.190
570,966
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on page5 13 to 19 form part of these financial 5talernents.
11

Human Rights Trust
Company Limited by Guarantee
Statement of Financial Position
30 June 2023
2023
2022
Note
Fixed assets
Investrnents
11
415.000
415,000
Current assets
Debtors
Investments
Cash at bank and in hand
12
13
12.501
149,876
13,475
14,584
148,854
3,181
166,619
175,852
Creditors: amounts falling due within one year
Net current assets
14
21,662
10,653
154,190
155,966
Total assets less current liabililies
569,190
570.966
Net assets
569,190
570,966
Funds of the charity
Endowment funds
Unrestricted funds
201,096
368.094
201,096
369,870
Total charity funds
15
569,190
570,966
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies, regime.
These financial statements V￿re approved by the board of trustees and authorised for issue on 23
October 2023, and are signed on behalf of the board by:
L Mallinder
Trustee
The notes on pages 13 to 19 forni part of these financlal statements.
12

Human Rights Trust
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 30 June 2023
General information
The charity is a public benefit entity and a private company limited by guarantee, registered in
Northem Ireland and a registered charity in Northern Ireland. The address of the registered office
is 1st Floor. Community House Citylink Business Park. 6a Abert Street, Belfast, BT12 4HQ,
Northem Ireland.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102. 'The Financial
ReFX)rting Standard applicable in the UK and the Republic of Ireland.. the 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 102} (Charities
SORP (FRS 102)), the Charities Act (Northem Ireland) 2008 and the Companies Act 2006.
The Human Rights Trust meets the definition of a public benefrt enttty under FRS 102.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. as modified by the
revaluation of ￿rtain fi.nancial assets and liat)ilits"es and investment properties measured at fair
value through income or expenditure.
The financial staternents are prepared in Sterling. which is the functional currency of the entty.
Going concern
There are no matetial uncertainties about the chariws ability to continue.
Disclosure exemptions
The Gharity has taken advantage of the exemption in SORP 2015 from the requirement to
produce a cash flow statement because it is a small charity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements,
estimates and assumptions that affect the amounts reported. These estimates and judgements
are Gontinually reviewed and are based on experience and other factors, including expectations
of future events that are believed to be reasonable under the circumstances.
13

Human Rights Trust
Company Limited by Guarantee
Notes to the Financial Ststernents (continuedj
Year ended 30 June 2023
Accounting policies (continued)
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds eamiarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or
endowment funds.
The Restricted Endowment Fund has been created out of funds received for the specific purpose
of ensuring that the Human Rights Trust can continue to carry its work in the years to come.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charity; it is probable that the economic benefits associated with the transaction
will flow to the charity and the amount can be reliably measured. The following specific policies
are applied to particular categories of income:
income from donations or grants is recognised when the￿ is eviden￿ of entitlement to the
gift. receipt is probable and tts amount can be measured reliably.
legacy income is ￿cogniSed when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably. in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilltles and services are recognised in the
accounts when received if the value can be reliably measured. No amounts are included for
the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted service. This 15 dassffied as unrestricted fvnds unless there is a contractual
requirement for it to be spent on a particular purpose and returned if unspent. in which case
it may be regarded as restricted.
14

Human Rights Trust
Company Limited by Guarantee
Notes to the Financial Statements (¢onfinuedJ
Year ended 30 June 2023
Accounting policies (continu8d)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure indudes any
VAT which cannot be fully recovered. and is classified under headings of the statement of
financial activities to which it relates:
expenditure on raising funds includes the costs of all fundraising activities. events,
non charitoble trading activitics, and the salc of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefrt of its beneficiaries. including those
support costs and costs relating to the govemance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the
charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated direclly to that activity. Shared cost5 are apporttoned
between the activities they contribute to on a reasonable. justifiable and consistent basis.
Investments
Unlisted equf(y investments are initially ￿Corded at cost. and subsequently measured at fair
value. If fair value cannot be reliably measured. assets are measured at cost less impaimient.
Listed investrnents are measured at fair value with changes in fair value being recognised in
income or expenditure.
Investment property
Investment propety is inttially recorded at cost. which indudes purchase price and any directly
attributable expenditure.
Investment property is revalued to its fair value at each ￿pOrting date and any changes in fair
value are recognised in income or expenditure.
If a reliable measure of fair value is no longer available without undue cost or effort for an item of
investment propety. it shall be transferred to tangible assets and treated as such until it is
expected that fair value will be reliably measurable on an on-going basis.
Limited by guarantee
Each of the members of the company has guaranteed to contribute to the assets of the company
in the event of the same being would up to Ihe extent of £1.
15

Human Rights Trust
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 30 June 2023
Investment Income
un￿StrICted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Income from investment properties
Deposit Accounts
25,000
998
25.000
998
25,000
46
25,000
46
25.998
25.998
25,046
25,046
Expenditure on charitable activities by fund type
Unrestricted Total Funds Unrestrirted Total Funds
Funds
2023
Funds
2022
Grant8 disbursed
Support costs
25.OlJO
2,774
25,000
2.774
25,000
2,620
25,000
2,620
27,774
27.774
27,620
27.620
Analysis of support costs
Analysis of
support costs Total 2023 Total 2022
Finance costs
Govemance costs
98
2.676
2.774
98
2,676
151
2,469
2,774
2,620
Analysis of grants
2023
2022
Grants to institutions
Grants disbursed
25,000
25,000
Total grants
25,000
25,000
Staff costs
There were no employees during the year.
10. Trustee remuneration and expenses
Trustees received no emoluments during the year.
16

Human Rights Trust
Company Limited by Guarantee
Notes to the Financial Statements (¢onlinued)
Year ended 30 June 2023
11. Investments
Investment
properties
Cost or valuation
At 1 July 2022 and 30 June 2023
Impairment
At 1 July 2022 and 30 June 2023
Carrying amount
At 30 June 2023
415,000
415.000
At 30 June 2022
415.000
All investments shown above are held at valuation.
Investment properties
The company's investment property is Part 2nd floor, Sturgen Building, 9-15 Queen Street.
Belfast, BT1 6EA and was valued year ending 30 June 2014 at £415,000. The Trustee5 believe
that this also represents the open market value of the propety as at 30 June 2021. The historic
cost of the propety Is £Y34.142.
12. Debtors
2023
2022
Trade debtors
12,501
14,584
13. Investments
2023
2022
Short-term deposits
149.876
148,854
14. Creditors: amounts falling due within ono year
2023
2022
Amounts owed to group undertakings
Accruals and deferred income
19,102
2,560
8,333
2,320
21,662
10.653
17

Human Rights Trust
Company Limited by Guarantee
Notes to the Financial Statements (conlinued)
Year ended 30 June 2023
15. Analysis of charitable funds
Unrestricted funds
At
Income Expenditure 30 June 2023
t 1 July 2022
General funds
Designated Fund - Capitsl Investrnent
155,966
213.904
25,998
(27,774)
154,190
213.904
369.870
25.998
(27.774)
368.094
At
Income Expenditure 30 June 2022
4t 1 July 2021
General funds
De31gnated Fund - Capital Investrnent
158.540
213,904
25.046
(27,620)
155,986
213.904
372,444
25,046
(27,620)
369,870
Endowment funds
At
Income Expenditure 30 June 2023
4t 1 July 2022
Endowment Funds
201.096
201,096
At
Income Expenditure 30 June 2022
4t 1 July 2021
Endowment Funds
201,096
201,096
The Restricted Endowment Fund has been created out of funds received for the specific purpose
of ensuring that the Human Rights Trust can continue to carry out its work in the years to come.
18

Human Rights Trust
Company Limited by Guarantee
Notes to the Financial Statements f¢ontinued)
Year ended 30 June 2023
16. Analysis of net assets between funds
Unrestricted Endowment Total Funds
Funds
Funds
2023
Investments
Current assets
Creditors less than 1 year
Net assets
213,904
175.852
(19,226)
370.530
201,096
415.000
175,852
119,226)
571,626
201.og6
Unrestricted Endowment Total Funds
Funds
Funds
2022
Investments
Current assets
Creditors less than 1 year
Net assets
213,904
166,619
(10,653)
369.870
201.096
415,000
166.619
(10,653)
570.966
201.096
17. Related parties
The Committee on the Administration of Justice ('CAJ') are a related party in that some of the
Trustees are also Trustees in the Human Rights Trust ('HRT). During the year total grants of
£Nil {2022: £nil) were disbursed to CAJ.
During the year HRT transferred rental income of £25.000 (2022: £25,000) to CAJ in relation to
year ending 30 June 2023. A balance of £16.666 was recognised as owed to CAJ at the year
end 30 June 2023 (2022: £8.333).
19