Northern Ireland Charity Number: NIC100575 THE DUCALES CAPITAL CHARITABLE TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
THE DUCALES CAPITAL CHARITABLE TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Contents Pages Trustees and professional advisers Trustees, report Independent examiner's report to the trustees Statement of financial activities Balance sheet Movement in funds Notes to the financial statements
THE DUCALES CAPITAL CHARITABLE TRUST TRUSTEES AND PROFESSIONAL ADVISERS FOR THE YEAR ENDED 31 MARCH 2023 Trustees T J Jennings CBE J D Jennings P W Jennings Registered office 16 Talbol Street Saint Anne's Square Belfast BT12NF Independent examiner Michael Flannigan FEB Chartered Accountants Linenhall Exchange 26 Linenhall Street Belfast BT2 8BG
THE DUCALES CAPITAL CHARITABLE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 Tlie trustees present tbeii. i'epoit and the iinaiidited finaiicial statejnenls of the chai'ity for the year ended 31 March 2023. THE TRUSTEES Tlie triistees wlio seived the cliai'ity dLiring the yeai. aiid lip to the date thes¢ financial statements wei-¢ approved, were as follows.. T J Jennings CBI J D Jennings P W Jennings STRUCTUREI, GOVEIINANCE AIYD MANAGEMEINT The tl'LlSt is a I'egi5tei-ed chai'ity in Northei'ii Ireland, nuinber MC100575, and is constituted iindei. a ti'ust deed dat¢d 25 Octobei. 2013. At tl'LlStees' Ineetings, the trustees agree the broad sti'ategy and areas of activity foi. the ti'usl, illclLiding consideration of graiit inaking. The ti-11.stLos ai'c also responsible foi- thL ddy lo dtty ddininisti'ation of gi-ants and otliei. oiitgoings. New ti'ustcLs iiiay bc appointed by the existing tTLlStees at any I'iiiie, biit so that the total nuinbei. of tl'L18tccs shall at iio tiine exceed six. OBJLI CTIV£I S OF THE TRUST The objects of tlie trust are to coiitribute to the advan¢ein¢nt of education, the aits, culture aIid lierilage, and inedical i'eseai'cl), to provide u benefit to the cominunity and to relieve poverty, -I'hese ubjecls will bv achieved by making grants and providing sponsoi'ship. ACTIVITIEI S, ACHILI VEI MEI NTS AND FtNANCIAL IIEVw Granls inade by the triist during the yeai. are as shown in the stateiment ot tinancial activities. The tl'l18tee.q Lonfii'in Ihat t'hey have referl'ed to the guidance contained in the Chai'ity Cominissioner5' genei'al guidance on public beiiefil. wlien i'eviewing the trust's obje¢lives and in planning tiitui'e aclivilies aii(I Ilie gi'ant Inaking policy foi- the yeai.. The balance l)eld as unrcsti'icted funds at 31 Mar¢h 2023 was £115,110 (2022.. £113,097). ]NDEPENDlI NT fi XAMtNER Michael Flannigan has been i'e-appointed as independent examiner for th¢ ensiiing year, Siglled on behalf of the trustees 16 Talbot Street Saint Anne's Squat'e Belfast BTI 2NF J JENNINGS CB Cliair of ts'ustees 28 April 2023
THE DUCALES CAPITAL CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE DUCALES CAPITAL CHARITABLE TRUST FOR THE YEAR ENDED 31 MARCH 2023 I repoit on the financial stateineiits of the chai'ity foi. the yeai. ended 31 March 2023 which al'e set out on pages 4 to 8. RF,SPLI CTIVII RY,SPONSIBILITIEI S OF TRUSTEI Ei S AND II XAMINEI R The chai'ity's Irustees al'e I'espoiisible foi. the preparation of the financial stateii)enls in accordance with tlie Charities Ael (Noithern Ireland) 2022. The cliarity's trustees consider that an audit is not J'¢qull'ed foi. this year and tliat an indepeiident exainination is needed. It is iny responsibility to.. exainine the financial stateinents under section 65(3)(a) of the Cliarities Act. follow the pj'ocedui-es laid down in the general dii'ections given by tlie Cliarity Coininissioi) iindei. section 65(9)(b) of the Charities Acl" state whether paiticular matters have coine to Iny attention. BASIS ofi INDEIl)LNDENT EXAMINIR'S STATEMENT My examinatioi) includes a I'eview of thc accounting recoi'ds Icepi by the cliai'ity and a eoinparison of the finaiicial stateiiients preseiited wit'h those I'ecoi'ds. Tt also includ¢s consid¢i'atic)n of any unusual items oi. discl(>.4urcs in tlie financial statcinents and seeking explanations fi'oin you as ti'ustees concerniiig aiiy such mattels. The pi'ocediires undertal(en do iiot pt'ovide all the evidence that would be I'eqiiired in an audit, and consequently no opinion is givcn as to whcthcr thc financial stateinents pi'ese12t a 'ti'ue and fail view aiid the I'epoit is liinitcd to those matters set out in the stateiiienc b¢low. TNDEPENDII NT EXAM]ThER'S STATEMENT connection with Iny exainination, no mattel. has coine to my attention: { l ) wliicli gives iiie reasonable caiise to believe that, in any matei'ial respect, the I'equil'eients: to Iceep accoiinting records in accoi'dance with section 63 of th¢ Chai'ities Act (Noi'lhei'n Ireland) 2022. and to pi'eparL' tinancial statenieiits wliich accoi'd with tlie accoiinling I'¢cords and comply with the accoiinting I'equirements of that Act, have not been Inet. or (2) to which, in iny opinion, attention should bc drawn in order to enable a proper undei'standing of the finaiicial stlatemeiits to be I'eaclied. Micliael Flannigaii Independent Exaniinei. FEB Chartered Accountants Linenhall Excliange 26 Linenliall Sti-eet Belfast BT2 8BG 28 April 2023
THE DUCALES CAPITAL CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Notes NCOMINC RESOURCES Incoining resoiirces fi'oin gen¢i'ating fLinds'. Interest received 2,013 TOTAL INCOTrItNG RESOURCF.S li 2,013 RESOURCEI S EXPEIYDED Costs of genei'ating ftinds., Gi'aiits iiiadc CJovei'nancL' iosts TOTAL RESOURCEI S EXI)F,NT)fi.D NII T INCOMINC IIESOURCEI S FOR TH£ YIIAR 2,013 REI CONCILIA'I'ION OF FUNDS Total fLinds broiiglit forward TOTAL FIUNDS CIiRRIEI D FORWIUID 113,097 113,U86 113,097 115,110 The statenieiit of financial activities includes all gains and losses in the yeHr and thej'efore a stat'eineiit of total i'ecognised gains and losses has Ilot been pi'epared, All the activities of thc charity ai'c from continuing activities, The notes on pageg 7 to 8 form part of these financial statements,
THE DUCALES CAPITAL CHARITABLE TRUST BALANCE SHEET AS AT 31 MARCH 2023 2023 2022 Notes (:URREI NT ASSETS Casli at ban1( 115,110 113,097 NEI T C[{REPTr ASSETS 115,110 113,097 TOTAL ASSETS LEI SS CURREI NT LIABILlEs 115,110 113,097 FUNDS Unrestricta incoiiie ftinds 115,110 115,110 113,097 TOI'AL FUNDS 113,097 Tliese financial statenienls w¢i'c approved by the trLlStees and authoi'ised for issut on 28 April 2023, and al'e signed oli theii. belialf by: niiigs CBE air of trLlStees Northeim Ireland Chai'ity Nuinbei.: NIC100575 The notes on pages 7 to 8 form part of thèse financial statements.
THE DUCALES CAPITAL CHARITABLE TRUST MOVEMENT IN FUNDS FOR THE YEAR ENDED 31 MARCH 2023 Analysis of movement in funds Balance l April 2022 Balance 31 March 2023 Income xpenditure Uni'estricted funds 113,097 2,013 115,110 Analysis of movement in funds - prlor year tjalancc l Api-il 2021 Balance 31 Mdrcli 2022 Inloiiie Expenditui'e Uni'esli'icled funds 113,086 113,097 The notes on pages 7 to 8 form part of these financlal statements.
THE DUCALES CAPITAL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 STATEMENT OF COMPLIANCE These financial stateinents have been pi'epai'ed in compliance with FRS 102, 'Tlie Financial Reporting Standai'd applicable in the UK and Repiiblic of Ireland,. ACCOUNTING POLICIES Basis of accoulltlllg The financial statemenls llave been pi'epared in accordance with 'Ac¢oiinting and Reporting by Charitl&8' applicable to ¢liariti¢s pi'epai'ing theii. accounts in accoi'danLe with tlie Financial Repoi'ting Standai'd applicable in tlie UK aiid Republic of li'eland (FRS 102) (effective l Janiiary 2015)- (Chai'ities SORP (FRS 102)), and the Charities Aet 2022. The financial statenients al'e pi'epared in stei'ling> whicli is the functional ¢LlI'ren¢y of tlie ti'ust, Fund accounting Unresti'icted funds - tlie unresti'icted flinds are undci. the contiol of the IrLlStees, to be used in the fLlltherance of tlie general charitable objcctives of the tIst. Inci)me InGome 15 recognised when thcre is an entitletnent to the fliiids, any performance conditions attached to the itein of in¢oiDe have bcen iiiet, it is pi'obable that the incoine will be received, and the amount can be Jneasiired i'eliably. Ilesourees expendcd ExpenditLlI-e is inclLided in the financial stateinents on an acci-uals basis and incliides VAT whei'e appliLablc, INCOMn¥G REI SOURCEI s fROM GENERATINC FUNDS 2023 2022 Intei'est received 2,013 cosrs OF GENERATING FUl+lDS 2023 2022 Gi'ants made Governance costs
THE DUCALES CAPITAL CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (contlnuedj FOR THE YEAR ENDED 31 MARCH 2023 STAFF COSTS AND EMOLUMEI NTS No salaries or wages Iiave been paid to einployees or triistees dui'ing the year (2022.. £nil). UNRESTRICTED INCOME FUNDS Balance at l April 2022 Ineoming Balauee at resourLes 31 IlIarclR 2023 Gellerttl Fiinds 113,097 2,013 iis,iio ANAI,YSIS OF NF,T AS8EI TS 2023 2022 Rcstrictcd Income Funds Uni'esti'iclcd Kncoine Fiinds 114,110 115,110 113,097 113,097 Total F4 unds