|
Human Rights Trust - The
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 30 June 2025
| 2025 | 2024 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Endowment | |||||
| funds | funds | Totalfunds | Total funds | |||
| Note | £ | £ | £ | £ | ||
| Income and endowments | ||||||
| Investment income | 5 | 55,872 | - | 55,872 | 41,659 | |
| Total income | 55,872 | - | 55,872 | 41,659 | ||
| Expenditure | ||||||
| Expenditure on charitable activities | 6 | 2,946 | — | 2,946 | 43,004 | |
| Total expenditure | 2,946 | - | 2,946 | 43,004 | ||
| Net income/(expenditure) and net | ||||||
| movement in funds | 52,926 | - | 52,926 | (1,345) | ||
| Reconciliation offunds | ||||||
| Total funds brought forward | 366,749 | 201,096 | 567,845 | - | 569,190 | |
| Totalfundscarriedforward | 419,675 | 201,096 | 620,771 | 567,845 |
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 form part of these financial statements.
13
Human Rights Trust - The
Company Limited by Guarantee
Statement of Financial Position
30 June 2025
.
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | |||
| Fixed assets | |||||
| Investments | 12 | 415,000 | 415,000 | ||
| Current assets | |||||
| Debtors | . | 13 | 33,584 | 15,584 | |
| Investments | 14 | 153,907 | 152,035 | ||
| Cash at bank and in hand | 70,113 | 37,071 | |||
| 257,604 | 204,690 | ||||
| Creditors: amounts falling due | within one year | 15 | 51,833 | 51,845 | |
| Net current.assets | 205,771 | 152,845 | |||
| Total assets less current liabilities | 620,771 | 567,845 | |||
| Net assets | 620,771 | 567,845 | |||
| Funds ofthe charity | |||||
| Endowment funds | . | 201,096 | 201,096 | ||
| Unrestricted funds | 419,675 | 366,749 | |||
| Totalcharityfunds | : | 16 | 620,771 | 567,845 |
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 authorised for issue on 10 December 2025, 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 2025 Seana ee
1. 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 treland.
- Statement of compliance
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 102) (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.
- Accounting policies
Basis 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.
Disclosure 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.
NN
15
Human Rights Trust - The
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 June 2025
- 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:
-
e 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.
-
e legacy income is recognised when receipt is probable and entitlement is established.
-
;
-
e 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 2025
- Accounting policies (continued)
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.
-
e 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.
-
e 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.
lf a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, 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 (continuea)
Year ended 30 June 2025
5. Investment income
| Unrestricted | Total | Funds | Unrestricted | Total Funds | ||||
|---|---|---|---|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |||||
| £ | £ | £ | £ | |||||
| Income from investment properties | 54,000 | 54,000 | 39,500 | 39,500 | ||||
| Deposit Accounts | 1,872 | 1,872 | © | 2,159 | 2,159 | |||
| , | 55,872 | 55,872 | 41,659 | 41,659 | ||||
| 6. | Expenditure on charitable | activities by fund type | ||||||
| Unrestricted | Total | Funds | Unrestricted | Total Funds | ||||
| Funds | 2025 | Funds | 2024 | |||||
| £ | £ | £ | £ | |||||
| Grants disbursed | — | - | 39,500 | 39,500 | ||||
| Support costs ° |
2,946 | 2,946 | 3,504 | 3,504 | ||||
| 2,946 | 2,946 | 43,004 | 43,004 | |||||
| 7. | Analysis ofsupport costs | , | ||||||
| Analysis of | ||||||||
| support costs | Total 2025 | Total 2024 | ||||||
| £ | £ | £ | ||||||
| Finance costs | 95 | 95 | 95 | |||||
| Governance costs | 2,851 | 2,851 | 3,409 | |||||
| 2,946 | 2,946 | 3,504 | ||||||
| 8. | Analysis of grants | |||||||
| . 2025 | 2024 | |||||||
| £ | £ | |||||||
| Grants to institutions | . | |||||||
| Grants disbursed | - | 39,500 | ||||||
| Total grants | = | 39,500 | ||||||
| 9. | Auditors remuneration | |||||||
| 2025 | 2024 | |||||||
| £ | £ | |||||||
| Fees payable forthe audit ofthe financial statements | 2,851 | 2,750 | ||||||
| 10. | Staff costs | |||||||
| Therewerenoemployeesduringtheyear. | , |
18
Human Rights Trust - The
Company Limited by Guarantee
Notes to the Financial Statements (continuea)
Year ended 30 June 2025
11. Trustee remuneration and expenses
Trustees received no emoluments during the year.
| 12. | Investments | ; | |
|---|---|---|---|
| Investment | |||
| properties | |||
| £ | |||
| Cost or valuation | ‘ | ||
| At 1 July 2024 and 30 June 2025 | 415,000 | ||
| Impairment | |||
| At 1 July 2024 and 30 June 2025 | |||
| Carrying amount | |||
| At 30 June 2025 | 415,000 | ||
| At30June2024 | 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 Trustees believe that this also represents the open market value of the property as at 30 June 2021. The historic cost of the property is £934,142.
| 13. | Debtors | , | ||||
|---|---|---|---|---|---|---|
| ‘ | 2025 | 2024 | ||||
| £ | £ | |||||
| Trade debtors | 33,584 | 15,584 | ||||
| 14. | Investments | |||||
| 2025 | 2024 | |||||
| £ | £ | |||||
| Short-term deposits | 153,907 | . | 152,035 | |||
| 15. | Creditors: amounts falling due within one year | |||||
| 2025 | 2024 | |||||
| £ | £ | |||||
| Amounts owed to group undertakings | 48,855 | 48,855 | ||||
| Accruals and deferred income | 2,978 | 2,990 | ||||
| 51,833 | 51,845 |
19
.
‘
Human Rights Trust - The
Company Limited by Guarantee
Notes to the Financial Statements (continuea)
Year ended 30 June 2025
16. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | |||||
| At | 1 July 2024 | Income | Expenditure 30 June 2025 | ||
| £ | g | £ | £ | ||
| General funds | 152,845 | 55,872 | (2,946) | 205,771 | |
| Designated Fund - Capital Investment | 213,904 | - | - | 213,904 | |
| 366,749 | 55,872 | (2,946) | 419,675 | ||
| At | |||||
| At | 1 July 2023 | Income | Expenditure 30 June 2024 | ||
| £ | £ | £ | £ | ||
| General funds | 154,190 | 41,659 | (43,004) | 152,845 | |
| Designated Fund - Capital Investment | 213,904 | — | - | 213,904 | |
| 368,094 | 41,659 | (43,004) | 366,749 | ||
| Endowment funds | |||||
| At | |||||
| At | 1 July 2024 | Income | Expenditure 30 June 2025 | ||
| £ | £ | £ | £ | ||
| Endowment Funds | 201,096 | — | — | 201,096 | |
| At | |||||
| At | 1 July 2023 | Income | Expenditure 30 June 2024 | ||
| £ | £ | £ | £ | ||
| EndowmentFunds | 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 (continuea)
.
Year ended 30 June 2025
17. Analysis of net assets between funds
| Unrestricted | Endowment | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2025 | |
| £ | £ | £ | |
| Investments | 213,904 | 201,096 | 415,000 |
| Current assets | 257,604 | - | 257,604 |
| Creditors less than 1 year | (51,833) | - | (51,833) |
| Net assets | 419,675 | 201,096 | 620,771 |
| Unrestricted | Endowment | Total Funds | |
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Investments | 213,904 | 201,096 | 415,000 |
| Current assets | 204,690 | - | 204,690 |
| Creditors less than 1 year | (51,845) | — | (51,845) |
| Netassets | 366,749 | 201,096 | 567,845 |
18. Taxation
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. Contingencies
A contingent liability exists to repay grants and Trust monies received should 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 (‘CAuJ') 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 ENil (2024: £nil) were disbursed to CAJ.
During the year HRT transferred rental income of £Nil (2024: £9,747) to CAJ in relation to year ending 30 June 2025. A balance of £Nil was recognised as owed to CAJ at the year end 30 June 2025 (2024: £48,855).
- 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.
;
14