**Charity registration number 100705** 

**Company registration number NI066310 (Northern Ireland)** 

## **THE PEPPER FAMILY CHARITABLE TRUST** 

**(A COMPANY LIMITED BY GUARANTEE)** 

**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024** 



## **THE PEPPER FAMILY CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION** 

## **Trustees** 

Mr JF Pepper Mr SKW Pepper Rev AW Boyd Mr SRM Pepper Mr J Trueman 

**Secretary** Mr SKW Pepper **Charity number** 100705 **Company number** NI066310 **Registered office** 30 Rowantree Road 

30 Rowantree Road Dromore Co Down BT25 1NN 

## **Accountants** 

GMcG PORTADOWN 17 Mandeville Street Portadown Craigavon Co Armagh BT62 3PB 



## **THE PEPPER FAMILY CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) CONTENTS** 

||**Page**|
|---|---|
|Trustees' report|1 - 2|
|Independent examiner's report|3 - 4|
|Statement of financial activities|5|
|Balance sheet|6|
|Notes to the financial statements|7 - 11|





**THE PEPPER FAMILY CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2024** 

The trustees present their annual report and financial statements for the year ended 30 September 2024. 

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charitable company's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: 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)" (effective 1 January 2019). 

## **Objectives and activities** 

The charitable company was established on 17 September 2007 and the main objectives of the charitable company are the relief of poverty, the advancement of education and the advancement of religion initially in Zambia and Uganda and in other such places as the trustees may decide.  The trustees are responsible for the day to day management of the charitable company. 

The trustees have paid due regard to guidance issued by the Charity Commission for Northern Ireland in deciding what activities the charitable company should undertake. 

## **Achievements and performance** 

During the year the charitable company made a charitable gift of £17,500 to Fields of Life, a local charity working in Uganda, building schools, drilling wells and other such charitable work, to assist in tackling issues of poverty. 

The trustees will continue to provide funding for projects in Uganda and other such places which meets the objectives of the charitable company in the coming year. 

## **Financial review** 

The deficit for the year amounted to £18,385 (2023 - deficit £9,831).  At the year end the charitable company held reserves of £21,169 (2023 - £39,554) which were wholly unrestricted. 

Due to the nature of the charities activities the trustees consider it appropriate to maintain a small level of reserves, sufficient to service those costs which are incurred irrespective of the charitable activities carried out in a period.  The trustees consider a level of £900 to be appropriate. 

The trustees have assessed the major risks to which the charitable company is exposed, and are satisfied that such risks are minimal and that sufficient systems are in place to mitigate exposure to those risks. 

## **Structure, governance and management** 

The charitable company is a company limited by guarantee and does not have share capital.  It is governed by its Memorandum and Articles of Association dated 8 November 2007.  The charitable company is registered with the Charity Commission for Northern Ireland.  The charitable company is also recognised as a charity with HM Revenue & Customs. 

The trustees, who are also directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: 

Mr JF Pepper Mr SKW Pepper Rev AW Boyd Mr SRM Pepper (appointed 1st November 2024) Mr J Trueman (appointed 10th October 2024) 

Under the requirement of the Memorandum and Articles of Association, all members of the board of directors hold office until the next annual general meeting. 

None of the trustees have any beneficial interest in the charitable company.  All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up. 

- 1 - 



THE PEPPER FAMILY CHARrrABLE TRUST
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
In preparing this reporl, the trustees hav8 taken advantage of the small companies exemptions provided by
section 415A of the Companies Act 2CK)6.
Registered Office..
30 Rowantree Road
Dromore
Co Down
BT25 1NN
Company Registration No: N1066310
Charity Registration No: 100705
The trustees, report wa
approved by Ihe Board of Trustees
Mr SKW Pepper
Trustee
Dated:

eHARTEkED A¢COUNTANT8
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 to the trustees on my examination of the financial statements of The Pepper Family Charitable Trust
(the charitsble company) for the year ended 30 September 2024.
Responsibilities of trustees and examiner
As the twstees of the charitable company (and also its directors for the purposes of company law) you are
responsible for the preparation of the financial statements in accordance with the requirements of the
Companies Act 2006 (the 2006 Act).
It is my responsibilty to=
examine the financial statements under section 65 of the Charities Act..
follow the procedures laid down in the general directions given by the Charity Commission for
Northern Ireland under section 65(9){b) of theAct- and
state whether particular matters have come to my attention.
Basis of independent examiner's report
I have completed my examination. I confimi that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the charitable company as required by section 386 of the
2006 Act,. or
the financial statements do not accord with those records- or
the financial statements do not comply with the accounting requirement5 of section 396 of the 2006 Act
other than any requirement that the accounts give a true and fair view which is not a matter considered as
part of an independent examination., or
the financial ststements have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102).
17 Mandeville Street
Alfred House
19 A](red Street
BELFAsr wr2 8EQ
DX3910 Belfast 50
Ce￿￿tr%. House
40 Crescent Business Park
LISBURN
BT28 2GN
Craigavon
BT62 3PB
Tel: +44 {0)28 3833 2801
Fax:+44 (0)28 3835 0293
Tel: +44 (0)28 9031 1113
FLY.. +H lo)28 ¢Jo31 0777
Tel: +44 (0)28 9260 7355
F&x: +H [0}28 9260 1656
Re8istertdtooonduEtauthtworkbytheiWD)t¢rfCh￿ere￿A￿X￿wu￿Dts7llI￿￿

THE PEPPER FAMILY CHARITABLE TRUST
(A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT EXAMINER'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE PEPPER FAMILY CHARITABLE TRUST
Independent examiner's statement
I have no con¢ems and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the financial statements to
be reached.
Gillian JohnstonACA
GMCG PORTADOWN
17 Mandeville Street
Portadown
Craigavon
CoArmagh
BT62 3PB

## **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 2024** 

|||**Unrestricted**|Unrestricted|
|---|---|---|---|
|||**funds**|funds|
|||**2024**|2023|
||**Notes**|**£**|**£**|
|**Income from:**||||
|Donations and legacies|**2**|-|15,019|
|**Expenditure on:**||||
|Charitable activities|**3**|18,385|24,850|
|**Net expenditure for the year/**||||
|**Net movement in funds**||(18,385)|(9,831)|
|Fund balances at 1 October 2023||39,554|49,385|
|**Fund balances at 30 September 2024**||21,169|39,554|



The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. 

- 5 - 



THE PEPPER FAMILY CHARrrABLE TRUST
(A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET
AS AT 30 SEPTEMBER 2024
2024
2023
Notes
Current assets
Cash at bank and in hand
23,089
41.414
Creditors: amounts falling due within
one year
(1,920)
(1,860)
Net current assets
21.169
39,554
Income funds
Unrestrided funds
21,169
39,554
21,169
39,554
The charitsble company is entrtled to the exemption from the audit requirement contained in section 477 of the
Companies Act 20C6. for the year ended 30 September 2024.
The trustees acknowledge their responsibilities for ensuring that the charitable company keeps accounting records
whlch comply with section 386 of the Act and for preparing financial statements which glve a true and fair view of
the state of affairs of the charitable company as at the end of the finanaal year and of its incoTning resources and
application of resources, induding its income and expenditure, for the financial year in accordance with the
requirements of seclions 394 and 395 and which othen￿lSe comply with the requirements of the Companles Act
2006 relating to financial statements, so far as applicable to the charitable company.
The members have not required the company to obtain an audit of its financwl statements for Ihe year in question
in accordance wlth section 476.
These financial statements have been prepared in acc(Ydance with Ihe provisions appli¢able to companies subject
to the small companies regime.
he financial statem
Is were approved by the trustees on ..
i.E.: 06:1ols-
Mr SKW Peppe
Trustee
Company Registralion No. N1066310

**THE PEPPER FAMILY CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE  FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024** 

## **1 Accounting policies** 

## **Charity information** 

The Pepper Family Charitable Trust is a private company limited by guarantee incorporated in Northern Ireland.  The registered office is 30 Rowantree Road, Dromore, Co Down, BT25 1NN. 

## **1.1 Accounting convention** 

The financial statements have been prepared in accordance with the charitable company's governing document,  the Companies Act 2006 and "Accounting and Reporting by Charities: 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) (effective 1 January 2019)". The charitable company is a Public Benefit Entity as defined by FRS 102. 

The charitable company has taken advantage of the provisions in the SORP for charities by applying section 1A of FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. 

The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £. 

The financial statements have been prepared under the historical cost convention.  The principal accounting policies adopted are set out below. 

## **1.2 Going concern** 

At the time of approving the financial statements, the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 

## **1.3 Charitable funds** 

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. 

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charitable company. 

- 7 - 



**THE PEPPER FAMILY CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024** 

## **1 Accounting policies (Continued)** 

## **1.4 Incoming resources** 

Income is recognised when the charitable company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. 

Cash donations are recognised on receipt. Other donations are recognised once the charitable company has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 

Legacies are recognised on receipt or otherwise if the charitable company has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 

## **1.5 Resources expended** 

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to that activity. 

Governance costs are those incurred in connection with administration of the charity, including accountancy fees.  Other support costs comprise bank fees and sundry costs. 

All expenditure is inclusive of irrecoverable VAT. 

## **1.6 Cash and cash equivalents** 

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 

## _**Basic financial assets**_ 

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. 

## _**Basic financial liabilities**_ 

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. 

## _**Derecognition of financial liabilities**_ 

Financial liabilities are derecognised when the charitable company’s contractual obligations expire or are discharged or cancelled. 

- 8 - 



**THE PEPPER FAMILY CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024** 

## **2 Donations and legacies** 

||**Total**|Unrestricted|
|---|---|---|
|||funds|
||**2024**|2023|
||**£**|£|
|Donations and gifts|-|15,000|
|Other income|-|19|



## **3 Charitable activities** 

|Charitable gift to Tearfund<br>Charitable gift to Fields of Life<br>Share of support costs (see note 4)<br>Share of governance costs (see note 4)|**2024**<br>**£**<br>-<br>17,500<br>17,500<br>45<br>840<br>18,385|2023<br>£<br>8,256<br>15,500|
|---|---|---|
|||23,756<br>34<br>1,060|
|||24,850|



All expenditure in the current and prior year are unrestricted in nature. 

## **4 Support costs** 

|**Support**<br>**costs**<br>**Governance**<br>**costs**<br>**£**<br>**£**<br>Bank fees and interest<br>32<br>-<br>General expenses<br>13<br>-<br>Accountancy fees<br>-<br>840<br>45<br>840<br>Analysed between<br>Charitable activities<br>45<br>840|**2024**<br>**£**<br>32<br>13<br>840<br>885<br>885|2023<br>£<br>34<br>-<br>1,060|
|---|---|---|
|||1,094|
|||1,094|



- 9 - 



**THE PEPPER FAMILY CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024** 

## **5 Trustees** 

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charitable company during the year. 

## **6 Employees** 

The average monthly number of employees during the year was: 

||**2024**|2023|
|---|---|---|
||**Number**|Number|
|Total|-|-|



## **7 Taxation** 

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 

## **8 Creditors: amounts falling due within one year** 

|**Creditors: amounts falling due within one year**|||
|---|---|---|
||**Unrestricted**|Unrestricted|
||**funds**|funds|
||**2024**|2023|
||**£**|£|
|Accruals and deferred income|1,920|1,860|



## **9 Unrestricted funds** 

This fund includes all core funding that the charitable company receives and is expendable at the discretion of the trustees for the general purposes of the charitable company. 

||**At 1 October**|**Incoming**|**Resources**|**At 30**|
|---|---|---|---|---|
||**2023**|**resources**|**expended**|**September**|
|||||**2024**|
||**£**|**£**|**£**|**£**|
|General funds|39,554|-|(18,385)|21,169|
|**Previous year:**|**At 1 October**|**Incoming**|**Resources**|**At 30**|
||**2022**|**resources**|**expended**|**September**|
|||||**2023**|
||**£**|**£**|**£**|**£**|
|General funds|49,385|15,019|(24,850)|39,554|



- 10 - 



## **THE PEPPER FAMILY CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024** 

## **10 Analysis of net assets between funds** 

||**Unrestricted**|
|---|---|
||**funds**|
||**2024**|
||**£**|
|**At 30 September 2024:**||
|Current assets/(liabilities)|21,169|
||21,169|
||**Unrestricted**|
||**funds**|
||**2023**|
||**£**|
|**At 30 September 2023:**||
|Current assets/(liabilities)|39,554|
||39,554|



## **11 Related party transactions** 

There were no disclosable related party transactions during the year. In the prior year a donation was received of £10,000 from SKW Pepper, a trustee of the charitable company. 

- 11 -