2019-09-30-annual-return

Charity Règistration No. 100705 Company Roglstration No. N1066310 {Northern Ireland) THE PEPPER FAMILY CHARITABLE TRUST IA COMPANY LIMITED BY GUARANTEEI ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 3Q SEPTEMBER 2019

THE PEPPER FAMILY CHARITABLE TRUST IA COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION Trustees r JF Pepper Mr SKW Pepper RevAW Boyd Secretsry Mr SKW Pepper Charlty numbar 100705 Company numbor N1066310 Prlncipal addross 30 Rowanlree Road Dromore Co Down BT25 1NN Reglstered office Qullly House 43 Lower Quilly Road Dromore Co Down BT25 1NL Accountants GhncG PORTADO 17 Mandeville Street Portadown Cr8igavon Co Amiagh BT62 3P8 Bankers Ulster Bank Limited 14-18 Market Street Lurgan Craigavon Co Armagh BT66 6AP Solicltors Hewll Gilpin Solicitors Thomas House 14-16 James Street South 8elfast BT2 7GA

THE PEPPER FAMILY CHARITABLE TRUST IA COMPANY LIMITED BY GUARANTEE CONTENTS Page Trustees, report Independent examinerfs report Statement of financial activities Balance sheet Notes lo the financial statements 7-11

THE PEPPER FAMILY CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEEI TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORTI FOR THE YEAR ENDED 30 SEPTEMBER 2019 The Iruslees present their report and financial statements for the year ended 30 September 2019. Objectlves and activitles The charitable company was established on 17 September 2007 and the main objectives of the charitable company are the relief of poverty, the 8dvancement of education and the advancement of religion initially in Zarnbia and Uganda and in other such place5 a5 the trustees may deude. The trustees are responsible for the day lo day manageTllent of the charitable company. The Iru51ees have paid due regard to guidance issued by the Charity Commission for Northem Ireland In deciding what activities the charilable company should undertake. Achlevements and performanco During the year the ch8rilable company made charitable gifts tolalling £15,000 to Fields of Life12018- £500 10 Tear Fund), a local charity working in Uganda, building schools, drilling wells and other such charitable work, to assist In tackling issues of poverty. The charitable company also donated £2,500 to a local church in support of their Irav&l costs to Uganda. The trustees wll continue lo provide funding for projects in Zambia and Uganda and other such places which meets Ihe objectives ol the charitable company. sublect to funds being available from Presbyterian Mutual Socjety. Financial review The deficit for the year amounted lo £27,907 12018 - £2,0921- At the year end the charitablè company held reserves of £9,51712018- £37,424) which were Mh)01ly unreslricled. 11 is the policy of the charitable company that unrestricted funds which have not been designated for a Spec￿1¢ use should be maintained al a level equivalent lo between three and six rnonlh's expenditure. The trustees considers that ￿ServeS al this level wll ensure that. in the event of a significant drop in funding, they wll be able to ¢onlinue the charitable company's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. The trustees have assessed the major risks to which the ¢haritsble company is exposed, and are satisfied that systems are in place lo mitigate exposure to the major risks. Structuroi governgncè and management The charitable company is a company limited by guarantee and does not have share cap*tal. It is governed by its by ils Memorandum and Articles of Association dated 8 Novembtsr 2007. The charitable company is registered wth the Charity Commission for Northem Ireland. The charitsble company is also recognised 88 a charity with HM Revenue & Customs. The trustees, who are also the directors for the purpose tsf company law, and who seNed during the year and up to the dale of signature of the financial stslemenls were.. Mr JF Pepper MrSKW Pepper Rev AW Boyd Under the requlremenl of the Memorandum and Articles ofAssoGialion, all members of the board of directors hold office unts'l the next annual general meeting. None of the dlrectors have any benefiaal interest in the charitable company. All of the directors are members of the company and guarantee to contribute £1 in the event of a winding up. The directors are responsible for the day lo day running of the charitable company.

THE PEPPER FAMILY CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2019 In p￿parIng this report, the Iruslees have taken advantage ofthe Small companies exemption5 provided by section 415Aof the CompaniesAct 2008. Regislerèd Offi￿. Quilly House 43 Lower Quilly Road Dromore Co Down BT25 1 NL Company Regislration No.. N1066310 Charity R8gistralion No.. 100705 The trustees. report w approved by the Board ofTruste8S. Mr SKW Papper Trustee Dated..

CHARYERED ACCOUNTANTS THE PEPPER FAMILY CHARITABLE TRUST {A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PEPPER FAMILY CHARITABLE TRUST I report lo the Iruslees on my examinalKJn of the ftnancial statements of The Pepper Family Charitable Trust Ilhe charitable company) for the year ended 30 September 2019. Re8pon8lblllties of trusteos and examinor As the trustees of the charitable company land also its directors for ihe purposes of company lawl you are responsible for the preparation of the financial sialements in accordance with the requirements of the Companies Act 2006 Ilhe 2006 Acll. It 15 my responsibility to.. examine the financial slalemenls under Section 65 of the Charities Acl.. follow the procedures laid down in the general directions given by the ¢harily Commission for Northern Ireland under section 6519llbl of the Act., and slate whether part￿ulaT mallers have come to my attention. Basis of independent examlnerfs report I have completed my examination. I confirm that no mallers have come lo my allenlion in connection with the examination giving me cause to believe that in any material respeGI'. accounting records were not kept in respect of the charitable Company as required by section 386 01 the 2006 Act., or the financial statements do not accord with those records,. or the financial slalemenls do not comply with the accounting requirements of section 396 of the 2005 A¢1 olh&r than any requirement that the accounts gNe a true and fair view which is not a maller considered as part of an independent examination., or the financial slalemenls have not been prepared in accordance with the methods and principles of the S￿leMent of Recommended Practice for accounting and reporting by charities applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. 17 Mandevllle Street PORT'ADOWN CraiBaVO r62 3PB Alfred 110￿$e 19 AllrL,d StiY¢t BELI,-K¥I' IIT2 8TrA2 DX391(JNR IlÈlf.2StS0 Cemiiiry House 40 Cirsi'ent Businf¥S Park LlbBURN BT28 2GN TelTr+44 (0)28 3823 28ox Fax￿[phone] Chartor¢dAtCDunlaiiLs i | Charte￿IT1X1A¥ts￿ | i4tsarLceAdyk￿ GM¢Gts&irndlrtsDaM￿QG￿4¢GGrfiuPIJ￿Iie4.PeEN0..NI0kw. L￿t0￿D￿re￿o￿lY￿ll1b￿atre￿ertIQffl¢c Tel.. +44 IDI28 9(I3L 1113 Fay.. [phone]U31 0777 Tel: [phone]() 7355 Fax.. [phone]() 16.16 RÈgkntr¢di0L￿EtIu￿tWDrkbythelnjti￿lQ0(Lbrtt￿A¢￿uD1i￿l￿ltt ltthr Mvw.gmegeacom

CHARTERED ACCOUNTANT THE PEPPER FAMILY CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE} INDEPENDENT EXAMINER'S REPORT ICONTINUEO TO THE TRUSTEES OF THE PEPPER FAMILY CHARITABLE TRUST Independ&nt examlnor's ststemont I have no concems and have come acTOSS no other mallers in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the financial slalements lo be reached. illian Johnston A GMCG PORTADOWN 17 Mandeville Street Portadown Craigavon CoArmagh BT62 3PB Dated. ...[...u.￿.4 ..aoao 17Mandevl]le Streei PORTADOWN Craigavon BT62 3PB -4lfvcd Tquiise Centuii. House 41) Lrcscenl Bi￿l￿eSS Park BF.I.I'.AST LIT2 AI.Q DX.1910 Jlelf<l$t 50 BT28 2eJN Tel¥[phone] FY:[phone] Tel.. [phone] J113 F￿¥.. +441<)128 9U310777 Tel: +44 lyl28 926L) 73.5.> FaxTr+441012fl 9260 1656 ChfieredAL￿U￿L1mls I Be&￿E￿[cd￿￿allorJ I Ch&rt<tCdT￿Ad￿llnTh I C4rwrilt￿nn￿Adthr5 GllcGi&klrtdlRÉnimEofGhltGGrowpLkniltd.Rr&No..T41D5¥6tsthIiat¢FD5rnYlorn￿4￿lbI¢￿r¢pts￿a[ffc R4tsIereJ1Dc￿￿￿lUOm woikbytlShilv*ofChzrt¢t¢aAryount&ntskn IKeland ￿me￿iber01￿￿ts -AW¢r&I￿￿￿k1￿t¢ofI￿dt￿￿&￿tAt¢ountI￿￿￿5 wwryv.8me%tA.com

THE PEPPER FAMILY CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2019 Unrgstrlcted funds 2019 Total 2018 Notsts Donations and legacies 1,500 Charitable activities 18,423 2,092 Nel losses on investments 110,9841 Nat movemant in funds 127,907) 12,092) Fund balances al 1 October 2018 37,424 39.516 Fund balances at 30 Septembor 2019 9,517 37,424 The stslement of finanrjal activities includes all g8ins and losses recognised1n the year. All income and expenditure derive from continuing activities. The statement of financial aclbvitles also complies with the requirements for an income and expenditure account under the Companies Act 20￿.

THE PEPPER FAMILY CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET AS AT 30 SEPTEMBER 2019 2019 2018 Notes Currgnt assets Investments Cash at bank and In hand 21,484 17.380 10,500 597 11,097 38,864 CredltOTS: amounts falllng due wlthln one year (1,440) 10 (1,5801 9.517 37,424 Net current assets Income funds Unreslricled ￿ndS 9,517 37,424 9,517 37,424 The charitable Company is entitled to the exemption from the audit requirement contained in Section 477 of the CompaniesAct 2006. foT the year ended 30 September 2019. The trustees acknowledge their responsibililles for ensuring Ihal the charitable company keeps accounting records which comply with section 386 of the A¢1 and for preparing financial ststements which give a true and fair view of the stale of affairs of the charitable company as at the end of the financial year and of 115 incoming resources and application of resources, indudlng ils income and expendilure, for the financlal year in accordan￿ with the requirements Df sections 394 and 395 and which otherwise comply wffh the requirements of the CompaniesAct 2006 relating to financial statements. so far as applicable to the chafitable company. The members have not required the charilabte company lo obtsSn an audit of ils financlal statements for the year in queslion in accordance with section 476. These flnanclal statements have been prepared in accordance with the Provi￿On$ applicable to Companies subject to the small companles regime. were approved by the trustees on .3.c):c6: 2020 The financial stsleme Od6L6L O"I'" Mr SKW Pepper Trust Company Reglstratlon No. N1066310

THE PEPPER FAMILY CHARITABLE TRUST IA COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2019 Accountlng policies Charlty information The Pepper Family Charitable Trust is a private company limited by guarantee incorporated in Northein I￿land. The registered offi¢e is Quilly House. 43 Lower Quilly Road, Dromore, Co Down, BT25 1NL. 1.1 Accounting convÈntlon The financial statements have been prepared in accordance wth the charitable company's governing document, the Companies Act 2006 and °Accounling and Reporting by ChaTilies". Ststemenl of Recommended Pra¢li¢e applicable to charities preparing their a￿ountS in accotdance with the Financ4al Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021. las amended for accounting peiiods commencing from 1 January 20161. The charitable company is a Public Benefit Entrty as defined by FRS 102. The charitable company has tsken advantsge of the provisions in the SORP for charities applyin9 FRS 102 Update Bulletin 1 not lo prepare a Stal8ment of Cash Flows. The financial slalemenls are prepared in sterling, whith is the functional currency of the charitable company. Monetary amounts In these financial statemen15 are rounded to the nearest £. The financial stslements have been prepared under the historical co81 convention. The principal accounting policies adopted are set out below. 1.2 Golng ¢oncem At the time of approving the financial slalements, the trustees have 8 reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue lo adopt the going concem basis of accounting in preparin9 the financial statements. 1.3 Charitabla funds Unreslricl8d funds are available for use al the dISc￿tion of the trustees in furtherance of their charitable objectives. Restricted ftjnds are subject lo spe¢ifi¢ condition5 by donors as to how they may be used. The purposes and u8es of the iestricled funds are set out in the notes lo the financial stalemenls. Endowment fijnds are subject to specific wnditions by donors that the capital musl be maintalned by the charitable Company. 1A Incoming resources Income is recognised when the charitable company is legally entitled to il after any performance conditions have been mel, the amounts can be measured reliably, and il is probable thal income will be received. Cash donations are recognised on receipt. Other donalitsns are recognised once the Charitable company has been notified of the donation, unless performance conditions require deferral of the amount. Income lax recoverable in relation lo donations received Under Gift Atd or deeds of Covenant is re¢ognised al the 1Sme of the donation. Legacies are recognised on receipt or olhemse if the charllable company has been notified of an impending dislribulion, the amount is known, and receipt is expected. If the amount is not known. the legacy is treated as a conlingenl asset.

THE PEPPER FAMILY CHARITABLE TRUST IA COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2019 Accountlng policies Icontlnued) 1.5 ReSoU￿eS expended Expenditure is accounted for on an accruals basi8 and has been classified under headings that aggregate all costs related lo that activity. Governance costs are those incurred in connection wlh adminislralion of the Charity, including accountancy fees. Other support costs comprise bank fees and sundry ¢osls. l expenditure is inclusive of Irrecoverable VAT. 1.6 Cash and cash equlvalents Cash and ¢ash equivalents include cash in hand, deposits held at call with banks. other short-lerm liquid investments wlh original maluritles of three months or le8s, and bank overdrafts. Bank overdrafts are shown wthin bOrm￿AngS in currenl liabilities. 1.7 Financial instrumants The charitable company has elected lo apply the provisions of Section 11 'Basic Flnan¢ial Instruments, and Sectson 12'0ther Financi81 Instruments Issues, of FRS 102 to all of tts financial inslrumenls. Financial instfuments are recognised in the charitable company's balance sheet when the charitable company becomes party lo the contractual provisions of the instrument. Financial assets and liabilities are oftsel, with the nel amounts presented in the financial slalemenls. when there is a legally enforceable right lo sel off the re¢ognised amounts and there is an intention lo settle on a nel basis or lo realise the asset and settle the liability simultaneously. Basic flnan¢ialassets Basic financial assets, which indude debtors and cash and bank balances, are inilially measured al transgdion price induding transaction costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement conslilules a financing transaction. where the Iransaclion is measu¥ed al the present value of the future receipts discounted at a market rale of interest. Financial assets dassified as [￿1Vable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loan5 ar8 initially recognised at transadion price unless the arrangement conslilutes a financing transaction, where the debt instrument is measured al the present value of the future payments discounted at a market rale of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently ￿rrIed at amortised ¢ost, using the effective interest rale method. Trade creditors are obligations to Pay for goods or Se￿CeS that have been acoulred in the ordinary course of oper81ions from suppliers. Amounts payable are ¢lassified as current liabilities if payment is due within one year or less. If not, they are presented as non-CUTrenl liabilities. Trade creditors a￿ recognised initially al transaction price and subsequently measured al 8mortised cost using the effective interest method. Derecognitlon of flnanclal Ilabllltlas Finan¢i81 liabilities are derecognised when the Charitable company's conlra¢lual obligations expire or are discharged or cancelled. 1.8 Investm•nts Investments are stsled at cost less any provlslon for impaimienl.

THE PEPPER FAMILY CHARITABLE TRUST {A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2019 Crltical accounting èstimates and Judgements In the application of the charitable company's accounting policies, the trustees are required to make Judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The eslimales and associaled assumptions are based on historical experience and other factors that are ￿nsIdered lo be relevant. Actual results may differ from these estimates. The estimates and underfying assumptions are reviewed on an ongoing basis. Rewsions lo accounting estimates are recognised in the period in which the estimate is revised where the revision affects only th* period. or in the period of the rewsion and future periods ￿ere the revision affects both Gurrenl and future peTiods. Donatlons and18gacios Unrestri¢tsd funds Total 2019 2018 Donations and glfts 1,500 All income in the prior year was unreslricled In nattjre. Char5tablo actlvltlg$ 2019 2018 Travel expenses- Uganda Charitable gift to Banbridge Road Presbylerian Church- Uganda Charitable gift lo Tearftjnd Charitsble gift to Fields of Life 2,500 500 15,000 17,500 1,340 Share of support costs {see note 5) Share of governance costs (see note 51 33 890 32 720 18,423 2.092 All expenditure in the currenl and prior year are unrestricted in nature.

THE PEPPER FAMILY CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2019 Support costs Support Governance costs costs 2019 2018 Bank fees and interest 33 33 32 Accountancy fees 890 890 720 33 890 923 752 Analysed between Charitable activities 33 890 923 752 Trustgos None of the trustees lor any persons connected with them) received any remuneration or benefits from the charitable company durin9 the year. Employees There were no employees during the year. Nat losses on Investments Unr¥strlcted funds Totsl 2019 2018 Impairment of investments 110,9841 Currant asset investmants 2019 2018 Unlisted investments 10.500 21,484 10 Credltors: amounts falllng duo within one yoar 2019 2018 Accruals and deferred Income 1,580 1,440 10-

THE PEPPER FAMILY CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2019 11 Analysis of nèt assèts between funds Unrestrlcièd funds 2019 Total Total 2019 2018 Fund balances al 30 September 2019 are repTe5enled by.. Current assetsllliabilities) 9,517 9,517 37.424 9,517 9,517 37,424 12 Explanatory notes to thè funds Unrestricted funds This fund indudes all coye funding that the charitable ￿MpanY receives and is expendable al the discretion of the trustees for the general purposes of the charitable cornpany. 13 Relatèd party transactions A donation was received of £1,500 from SKW Pepper partnership, of which one of the trustees is a partner.