Human Rights Trust- The
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 30 June 2024
2024
Unrestricted Endowment
funds
funds Total funds Total funds
2023
Note
Income and endowments
Investment income
41,659
41,65g
25.998
Total income
41,659
41,659
25,998
Expenditure
Expenditure on charitable activities
Total expenditure
43,004
43,004
27,774
43,004
43,004
27,774
Net expendlture and net movement In
funds
(1,345)
(1,345)
(1,776)
Reconclliatlon of funds
Total funds brought fomard
Total funds carrled forward
368,094
201,096
569,190
567,845
570,966
366,749
201,096
569,190
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 pages 15 to 21 forni part of these financial statements.
13

Human Rights Trust - The
Company Limited by Guarantee
Statement of Financial Position
30 June 2024
2024
2023
Note
Fixed assets
Investments
12
415,000
415,000
Current assets
Debtors
Investments
Cash at bank and in hand
13
14
15,584
152,035
37,071
204,690
12,501
149,876
13,475
175,852
Creditors: amounts falling due within one year
Net current assets
15
51,845
21,662
152,845
567,845
154,190
569,190
Total assets less current liabllities
Net assets
567,845
569,190
Funds of the charity
Endowment funds
Unrestricted funds
201,096
366,749
201,096
368,094
Total charity funds
16
567,845
569,190
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies, regime.
These financial statements were approved by the board of trustees and aulhorised for issue on 4
November 2024, and are signed on behalf of the board by:
L Mallinder
Trustee
The notes on pages 15 to 21 form part of these financial statements.
14

Human Rights Trust - The
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 30 June 2024
General information
The charity is a public benefit entity and a private company limited by guarantee, registered in
Northern Ireland and a registered charity in Northern Ireland. The address of the registered office
is 1st Floor, Community House Citylink Business Park, 6a Albert Street, Belfast, BT12 4HQ,
Northern Ireland.
Statement of cornpliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting 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 1021 (Charities
SORP (FRS 102)), the Charities Act (Northern Ireland) 2008 and the Companies Act 2006.
The Human Rights Trust meets the definition of a public benefit entity under FRS 102.
Accountlng policies
Basls of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Dlsclosur? exemptions
The charity 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 continually reviewed and are based on experience and other factors, including expectations
of future events that are believed to be reasonable under the circumstances.
15

Human Rights Trust - The
Company Limited by Guarantee
Notes to the Financial Statements (conlinued)
Year ended 30 June 2024
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 earmarked 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 there is evidence of entitlement to the
gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised 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 facilities 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 is classified as unrestricted funds 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.
16

Human Rights Trust - The
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 June 2024
Accounting policies (conlinuedj
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes 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-charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of its beneficiaries, including those
support costs and costs relating to the governance 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 directly to that activity. Shared costs are apportioned
between the activities they contribute to on a reasonable, justifiable and consistent basis.
Investments
Unlisted equity investments are initially recorded at cost, and subsequently measured at fair
value. If fair value cannot be reliably measured, assets are measured at cost less impairment.
Listed investments are measured at fair value with changes in fair value being recognised in
income or expenditure.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly
attributable expenditure.
Investment property is revalued to its fair value at each reporting 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 the extent of £1.
17

Human Rights Trust - The
Company Limited by Guarantee
Notes to the Financial Statements {continuedJ
Year ended 30 June 2024
Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Income from investment properties
Deposit Accounts
39,500
2,159
39,500
2,159
25,000
998
25,000
998
41,659
41,659
25,998
25,998
Expenditure on charitable activities by fund typo
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Grants disbursed
Support costs
39,500
3,504
39,500
3,504
25,000
2,774
25,000
2,774
43,004
43,004
27,774
27,774
Analysis of 8UPPOrt costs
Analysis of
support costs Total 2024 Total 2023
Finance costs
Governance costs
95
3,050
3,145
95
3,050
3,145
98
2,676
2,774
Analysis of grants
2024
2023
Grants to Instltutlons
Grants disbursed
39,500
39,500
25,000
25,000
Total grants
Auditors remuneration
2024
2023
Fees payable for the audit of the financial statements
2,750
2,676
10. Staff costs
There were no employees during the year.
18

Human Rights Trust- The
Company Limited by Guarantee
Notes to the Financial Ststements (continued)
Year ended 30 June 2024
11. Trustee remuneration and expenses
Trustees received no emoluments during the year.
12. Investments
Investment
properties
Cost or valuation
At 1 July 2023 and 30 June 2024
Impairment
At 1 July 2023 and 30 June 2024
Carrying amount
At 30 June 2024
415,000
415,000
At 30 June 2023
415,000
All investments shown above are held at valuation.
Investment properties
The company's investment propety is Part 2nd floor, Sturgen Building, 9-15 Queen Street,
Belfast, BT16EA and was valued year ending 30 June 2014 at £415,000. The Trustees believe
that this also represents the open market value of the propety as at 30 June 2021. The historic
cost of the property is £934,142.
13. Debtors
2024
2023
Trade debtors
15,584
12,501
14. Investments
2024
2023
Short-term deposits
152,035
149,876
15. Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings
Accruals and deferred income
48,855
2,gg0
19,102
2,560
51,845
21,662
19

Human Rights Trust - The
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 June 2024
16. Analysis of charitable funds
Unrestricted funds
At
Income Expenditure 30 June 2024
4t 1 July 2023
General funds
Designated Fund Capital Investment
154,190
213,904
368,094
41,659
(43,004)
152,845
213,904
366,749
41,659
(43,004)
At
Income Expenditure 30 June 2023
4t 1 July 2022
General funds
Designated Fund - Capital Investment
155,966
213,904
369,870
25,998
(27,774)
154,190
213,904
368,094
25,998
(27,774)
Endowment funds
At
Sncome Expenditure 30 June 2024
4t 1 July 2023
Endowment Funds
201,096
201,096
At
Income Expenditure 30 June 2023
4t 1 July 2022
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.
20

Human Rights Trust - The
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 June 2024
17. Analysis of net assets between funds
Unrestricted Endowment Total Funds
Funds
Funds
2024
Investments
Current assets
Creditor5 less than 1 year
Net assets
201,096
204,690
{51,8451
353,941
213,904
415,000
204,690
151,845)
567,845
213,904
Unrestricted Endowment Total Funds
Funds
Funds
2023
Investments
Current assets
Creditors less than 1 year
Net assets
213,904
175,852
(19,2261
370,530
201,096
415,000
175,852
119,226)
571,626
201,096
18. Taxatlon
The Company is a registered charity, and as such is entitled to tax exemptions on income and
profits in furtherance of the charity's primary objectives.
19. Contingencles
A contingent liability exists to repay grants and Trust monies received shotjld certain conditions
not be fulfilled by the charity- In the opinion of the Trustees, the terms of the Letters of Offers
have been, or will be, complied with and no liability is expected.
20. Related parties
The Committee on the Administration of Justice {'CAJ') are a related paty in that some of the
Trustees are a150 Trustees in the Human Rights Trust ('HRf). During the year total grants of
£Nil (2023.. £nil) were disbursed to CAJ.
During the year HRT transferred rental income of £9,747 {2023.' £25,000) to CAJ in relation to
year ending 30 June 2024. A balance of £48,855 was recognised as owed to CAJ at the year
end 30 June 2024 (2022.. £16,666).
21. Ethical standards
In common with many other businesses of our size and nature we use our auditors to prepare
and submit returns to the tax authorities and assist with the preparation of the financial
statements.
21