Robert James Coulter Deceased Trust Statement of fanCIal activities For the year ended 30 June 2023 Restricted fiiftds 2023 Total fiinds 2023 Total funds 2022 Note Income from: Inirestments 703 703 892 Total income 703 703 892 Expenditure on: Cli*ritable activities: Direct costs GOVll2ce costs 806 806 949 3,593 3,593 2,540 Total expendlture 4,399 4,399 3,489 Net expenditure before net galnsl(losses) on investments (3,696) IJ03 (3,696) L303 (2,597) (3,834) Nct gains/O 05SC5 on invcstmcnts Net movement in funds (2,393) (2,393) (6,431) N•t movernènt in fufids (2,393) (2,393) (6.431) Reconclllatlon of funds: Total fiinds blou1t foThvArd Net movement An funds 47,785 {2,393) 47.785 (2,393) 54,216 (6.431) Total funds carried forward 45,392 45,392 47.785 Illl amounts relate to continuous OpatiOns. Tl)e Statement of fancial activities includes all InS losses iecognised in the year. Tlic notc5 on pages 9 to IS lorm pxrt of these financial statements. Page 7
Robert Jame5 Coulter Deceased Trust Balance sheet For the year ended 30 June 2023 2023 2022 Note Fixed assets Investments 47,304 47,815 47,304 47.815 Cash at bank iqnd in Iiand 488 570 488 570 Creditor5: Amounts falling due ivkthin one yeAt (2,400) (600) Net current liabilities (1,912) (30) Total net assets 45,392 47,785 Charity funds RestLicÈed Fund5 io 45,392 47,785 Total funds 45,392 47.785 Tlie fm14 ncial stqtements liave been prepRrcd in AccordAnce ivith the ptoiqsion5 of FRS 102 Section IA entities. small Ic fmqncial statements iverc qpproired 2nd autliorised for Assue b), the Tn]stee on 29 April 2024 11 nd si£ncd on dieir bel)4111 by: Cleavet Fiilto (rrustee ankin Ttiistees Iimited The notes on pages 9 to 15 form pArt of thc5c financial statements. Page 8
Robert Jame5 Coulter Deceased Trust Notes to the ffftancial statements For the year ended 30 June 2023 General information Tlic Robert James Coulter Deceased Trust is an unincorpoiated tsust. Its principal office is 50 Bedford Street, Belfast. BT2 7nV and it has 2 charity registration number of 100774. Accounting policios 2.1 Basis of ptepatation of financial statements Tlie fancial statements are prepAred on a going concem basis, under die hi5toiical cost convention unlc5S OthcThvisc notcd in the xccounting poIicies beloiv. The), been prepared in accordAnce ividi 2pp]icable laiv and accounting st2nd2rds issued b}, the FanCL Repoiting Councfftl, including 17IIS102 "Tlie Fm8ncial Reporting staThdd Applicable in tlie UK Sld Republic of Ireland" ("FRS102"), 2nd the Statement of Recommended Practice- Accounting and Repoiting b), Cl)arities, eFEectiiFe l Januarii 2019 C'SORP.). Robeit James Coulter Deceased Trust meets die definition of a pub]ic benefit entity under FRS 102. Tlic financi1 statcments arc presented in Sterling (£). 2.2 Goittg concern Thc tnistCC5 hAvc A55csscd thAt Thc Robert James Coulter Deceased Trust lias adequ2te resources to meet the ongoing costs of die entity Eor a minimum 0£ 12 months from die datc of signing tlie [1Ac11 statements. For d]is ieason the financial statements have bccn pIcparcd on a going concern basis ivljich presumes the re2lisation of assets And liabiliues in tlie nomMI course of busine5S. 2.3 Ittcome All income is recognised once the Trust has entidement to the income, it is probable diat die income Ivill be received and tlie amount ofincome recei1ble ckn be mrasured teliabl),. Investment Ancome is included ivhcn teceivable. P4e9
Robert James Coulter Deceased Trust Notes to the fancial statements For the year ended 30 June 2023 Accounting policies (continued) 2.4 Expenditiite Expenditure is recognised once there ts a le821 or constructive obligAtinn tn tranqfe.r er.nnnmir. Iip.npfit tn a third paIti', it ts probable tl)at a tran5Ecr of cconomic benefits ivill be iequired in scttlemcnt tlie amount OE tlic obligation can be meisured re]iably. Expenditure 15 clas5Lficd b}r qctiviti,. Tlie costs of eacli actiVityT are made up of tlie tor21 ol direct Costs sliarcd costs, including 5UPPOIt costs iniTolired in underri1king each Activit),. Direct costs attributable to a singlc activit)F 21e Allocated direcd}' to tliit 2cUvity. Sharcd costs ivluch contributc to morc dian one actiiiit)? support costs ivlitch ire not ttributable to a single actiiFit)F are apportioned beNveen tliose 2cUTrFitics on A bq51s consistcnt ivitli tlie use ol resources. Central stAff costs are allocated on the ba515 of tiiiie spent, and depreciation charges allocated on tlie portion of tlic assct's use. Goirerniince costs include those costs associAted Ivith mccting die conststt]tion411 lind statutory rcqiiÈLcn]cllts OE tlie trust. All expenditure is inclu5ivc of irrecoverable VAT. 2.5 Investments Filed a5SCt inve5tsnents Ire a form of tmancial instrument and Are ltill)I iecognised at dieir nsaction C05t And subsequenti}I measured at fair iralue at the B21ance slieet datc. unless dic }Ille cannot be me41sured rcliibly in ivlucli case it is measured at C05t Icss iinp2irment. Inirestment giiin5 and losscs. vlictlicr reah'sed or unreAiiscd. Arc combined and presented as 'Gains/(IA)sses) on iQiFestnient5' in tlle Statement of fmancial activities. 2.6 Cash at bank and in liattd Cqi sli at blL 211d 114lnd includcs casli 2nd sliort-terni Iiiglil}' liquid inirestnicnt5 Ivltli 24 slioit Jniottiriti, OE diree monrlis ot kss from the dkte of 2CqUksition or opening of dic dcpostt or 5Aini1 2ccount. 2.7 Liabilities and provisions Liibilities are recognised ivl)en there is an obligation At tlic BalAnce sl)eet d2te 25 a rcsult of a P&1St ClTClIt, it fis probable tliii t A transfer of economic benefit IVAU bc icquircd in setdeinent, 2nd tl)e amount of tlie setdenicnt can be estimated reIiably. Li2bAlities are recognised Rt die amount that the Tn]st #nticipates it ivill pay to scttle tl)e debt or die atnovot it l)as rcceived A5 advanced payments for the goods or SCThFices it must proiride. Provisions are measured at tlie best estimatc ol the amounts required to settle tlie obligAtion. Ivlicre tlic eElect of tlie time valuc ol moneir is mAteri21, tlie provision A5 based on die present irilue OE tliose amounts, discounted at the prc-tax di5COUlIt rate d)2t iellects tlie risks specific to the Eiabiliti,. Tlie nivinding OF the discount is iecognised Jn die Statement of fmancial activities qs a fmance cost. P4e 10
Robert James Coulter Deceased Trust Notes to the ffftancial statements For the year ended 30 June 2023 Accounting policies (continued) 2.8 Fiind accounting General fi]nds re iinrestricted Eunds ivl)Ich ?re available for usc at the discretion of dic Trustee in furtlicrancc of dic gcncral objcctiiTeS of the TIust 2nd ivl]ich have not bccn designated for other purposes. Re5trtcted fund5 Are funds ivhicli Are to be used lli accordqnce ividi specific restrictions imposcd b), donors oi ivhicli have been raised by the Tiust for particular purposes. Tl)e costs of raising and administuiThg such funds arc chArgcd against die speufic nd. Tlie aim usc of eacli restricted fund is set out in die notes to the [AnciaL statements. Crltlcal accountlng estlmates and areas of Judgement Estimates and judgements xre required ivhen appl)iing accounting policies. Tliese 2re contiThiiallsr Talted and arc bascd on l]istorical cxpcricncc and othcr factoIs, iocluding Lxpcctations of future cvents tiiat are believed to be re%son2ble undei the circumstances. Tlie trust makes estimates and issumptions conceming tlie future, Ivliicli can involve a Eiigli degree of judgement or complexity. The resulting accounting estimAtes ivill, b). deflon, seldom equ21 tlie related actual results. Tlic estimatC5 and assumptions tliat have R significant risk ol causin8 a material adjustment to the carryg amounts of #ssets and liabilities ividiin the next financial )ie2r are addressed beloiv.. Fait value of investments Uses various valuAtion techniques to determine the fair value of financial instruments {Ivliere active mxrket qiiotes se not avAilable) and non-finAncial assets. Thi5 inirolire5 developing estimates assumptions consistent ivith hoiv mArket participants ivold price the instrun)ent. The trustee bxses its assumptions on observable data as far as possible but this ts not alivays available. In that case, Mane1CL1t uscs the best inEormAtion AvailablL EstimAted fAit values may vary from the actual prices that ivould be acl)ieved in an arm's length transaction at the repoIting date Inve5tmont income Restticted funds 2023 Total fiinds 2023 Listed investments 703 703 Total 2023 703 703 Page11
Robert James Coulter Deceased Trust Notes to the fmancial statements For the year ended 30 June 2023 Investment income {¢ontlnued) Restricted fund5 2022 Total FuLids 2U22 LASted investments 892 892 Total 2022 892 892 Analysis of expenditure on charitable actlvltles Summary by fiind type Restticted fiinds 2023 Total 2023 Di5bursemellts to beneficiary Investmetlt e¥penses Lcgal ?nd professional fees 806 806 589 589 3,004 3,004 Total 2023 4.399 4,399 Rcstticted lunds 2022 Total 2022 DA$bsementS to beneficiari, Investment e¥pen5es Legal and proFessional fees 949 949 818 818 1,722 1,722 Total 2022 3,489 3,489 Independent examiner's remuneration 2023 2022 Fees pxyablc to tlic T55 independent examiner for the mdependent ewnination of tlie Trust's annual Accounts 1,800 600 Pe 12
Robert James Coulter Deceased Trust Notes to the ffftancial statements For the year ended 30 June 2023 Resources expended During die year, no Trustee5 ieceived any iemuneration (2022 - £NIL). During tEic year. no Trustees received any bcncfits in kind (2022 - £NIL). During tlie year, no I"rustees ieceiiyed any reimbursement of expenses (2022 _ £NIL). As detoAltd in Note 12, d]e Trustee5 ieccii'ed remuneration foi SCnFices tendered to tlie Trust in die CUiLent ye%r. Fixed asset investments IASted investments Cost or valiiation At l Jul}, 2022 Additions Disposals Ch%n£c in market value 47,815 28,374 (30,189) 1,303 At 30 June 2023 47,304 Net book valiie At 30 June 2023 47,304 At 30 June 2022 47,815 Creditors.. Amounts falling due within one year 2023 2022 Accruals 2nd dcleircd incomc 2,400 600 Page 13
Robert James Coulter Deceased Trust Notes to the financial statements For the year ended 30 June 2023 10. Statement of funds Statement of funds - Current year Balance at I July 2U22 Gains/ Balance at (Losses) 30 Jiitte 2023 Income Hxpenditiite Restricted fiinds Restricted Funds - All funds 47,785 703 (4,399) 1,303 45,392 statement of funds - prior year Balance at l Jul}, 2021 Gains/ Balance at (Losses) 30 June 2022 Income Expenditure Rc5tticted fiinds Rc5trictcd Funds - all thnds 54.216 892 (3,489) (3,834) 47,785 Page14
Robert James Coulter Deceased Trust Notes to the fmancial statements For the year ended 30 June 2023 Analysis of net assets between funds Analysis of net assets between funds - current year Restticted fiinds Total fiinds 2023 2023 Fixed Asset investments 47,304 488 47,304 488 Current assets Creditois due ivAthin one year (2,400) (2,400) Total 45,392 45,392 Analysis of net assets between funds - prior year Restricted funds 2022 Total fi]nds 2022 Fixed asset investments 47.815 570 47.815 570 Current assets Crcditors due ivitliin one year (600) (600) Total 47.785 47.785 12. Related party transactions During the Ye to 30 June 2023. fee5 of £1,204 (2021. £1,044) Ivere paid to CleaiFer Fulton Rankin solicitors. CleAver Fulton Rankin Trnstees Limited is the sole coq>orate tntstee OE tlie trust. Page 15