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 IIEV￿w
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'ei￿ents:
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 LIABIL￿lEs
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 tI￿st.
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