Charity registration No. 100791 LORD O'NEILL'S CHARITABLE TRUST REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 LORD O'NEILL'S CHARITABLE TRUST TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present their reportand financial statements ofthe charity forthe yearended 31 December 2023. REFERENCE AND ADMINISTRATIVE DETAILS Lord O'Neill's Charitable Trust registered with the Charity's Commission for Northern Ireland on 1 December 2015. The charity number is 100791. Its principle office and registered office is Clo Cleaver Fulton Rankin Solicitors, 48-50 Bedford Street, Belfast, BT2 7FW. The trustees which have held office since 1 January 2021 are as follows.. Lord O'Neill Shane O'Neill Cleaver Fulton Rankin Trustees Limited OBJECTIVES AND ACTivrriES The Gharity's purpose and public benefits are as follows: The Advancement of Religion Lord O'Neill's Charitable Trust has given donations to a number of churches in Northern Ireland. The direct benefits which flowfrom this purpose include the advancement ofthe Christian faith and the belief in its principles in Northern Ireland by enabling the church to carry on its work of raising awareness and understanding. The direcl benefits are demonstrated throLigh feedback obtained from the beneficiaries and also regular evaluation of the effectiveness of the donations as carried out by the trustees. This purpose does nol lead to harm. The beneficiaries of this purpose are Ihe congregation and membership of those churches which have received donations from Ihe Trust and in turn wider society. There is no private benefit. The Advancement of Health or the Saving of Lives and the Relief ofThose in Need The Trust has given donations to a number ofcharilable organisations which aim to improve healthcare and also carry out research into a number of diseases which affect the public generally. The direct benefits which flow from this purpose include improved health outcomes and better patient care for those who are ill in Northern Ireland. The direct benefits are demonstraled Ihrough feedback obtained from the beneficiaries and also regular evaluation of the effectiveness of the donations as carried out by the trustees. The purpose does not lead to harm. The beneficiaries of this purpose are charities which aim to improve healthcare and research into a number of diseases and in turn those people who have been diagnosed with these diseases. This also provides a wider benefit to society. There is no private benefit. The Advancement of Environmental Protection or Improvement The Trust has given donations to a number of charitable bodies throughout Northern Ireland which aim to protect and conserve the environment and promote awareness of the need to do so. The direct benefits which flow from this purpose include the abilily of these organisations to protect and conserve the environment and promote sustainable development and the education of the public regarding environmental issues. The direct benefits are demonstrated through feedback obtained from the beneficiaries and also regular evaluation of the effectiveness of the donations as carried out by the trustees. This purpose does not lead to harm. The beneficiaries of this purpose are those organisations which have received donations from the Trust. This also provides a wider benefit to society. There is no private benefit. LORD O'NEILL'S CHARITABLE TRUST TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 (CONTINUED) The Advancement of Citizenship or Community Development The Trust has given donations to a number of charitable bodies throughout Northern Ireland which aim to promote citizenship and volunteering among young people. The Trust has also given donations to charitable bodies which aim to promote social inclusion. The direct benefits which flow from this purpose include the ability of these organisations to extend their activities to further benefit the public and thè personal development of the people with whom they work. The direct benefits are demonstrated through feedback obtained from the beneficiaries and also regular evaluation of the effectiveness of the donations as carried out by the trustees. This purpose does not lead to harm. The beneficiaries of this purpose are those organisations which have received donations from the Trust and their members. This also provides a wider benefit to society. There is no private benefit. Olher Charitable Purposes As stated above this is merely a cross-section of the public benefit of the charitable purposes of Lord O'Neill's Charitable Trust. Theses may change and develop over time as Ihe trustees determine need and relevance. The Iruslees have considered the Charity Commission for Northern Ireland's statutory guidance on public benefit to ensure that the activities entered into during the year have furthered the Trust's objectives, for the public benefit. ACHIEVEMENTS AND PERFORMANCE The main achievements in the year were charitable donations made totalling £4,100 (2022: £18,100). Donations made supported 2 different organisations in line with the purposes of the charity as noted above. FINANCIAL REVIEW The results for the year are set out on page 6 and show a surplus of £9,618 (2022.. deficit of £5,662). Closing cash funds at 31 December 2023 were £17,05112022.. £7,433} with all other funds being held as investments with the aim of generating sufficient income to support the objectives of the charity whilst adding value lo future investments. RESERVES POLICY At the year end unrestricted reserves totalled £708,16012022- £659,865). The charity's policy is to retain a level of unrestricted funds that are needed to provide funds which can be applied to specific projects to be undertaken at short notice and to cover the running costs of Ihe charity for a limited period, should there be a significant shortfall in project income. The Board's strategy is to continue to build reserves to ensure the charity's obligations are met and also to build surpluses which can be reinvested in developing further services. The charity will continue to monitor compliance with this policy on a regular basis and the Board will review appropriateness of the policy annually. GOING CONCERN We are satisfied that there are adequate funds in place to ensure that the Trust can continue its activities and that the financial statements for the year ended 31 December 2023 can be prepared on a going concern basis. LORD O'NEILL'S CHARITABLE TRUST TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 (CONTINUED) STRUCTURE, GOVERNANCE AND MANAGEMENT The charity was originally estsblished under Deed of Trust dated 23 January 1969. The organisation registered with the Charity Commission for Northern Ireland on 1 December 2015. Lord O'Neil's Charitable Trust is governed by a Board of Trustees which meets annualty. Lord O'Neill is permitted by the Trust Deed to appoint new or additional trustees. Members are assessed on the basis of their area of interest and expertise and their willingness to support the objectives of the charity. The trustees, report was approved by the trustees on 30102024 The Lord O'Neil Trustee LORD O'NEILL'S CHARITABLE TRUST STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to Gharities in Northern Ireland requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of Lord O'Neill's Charitable Trust and of the incoming resources and applicalion of reSoUr￿S of Lord O'Neill's Charitable Trust for that year. In preparing these financial slatements, the General Council are required to.. select suitable accounting policies and then apply them consistenlly. observe the methods and principles in the Charities SORP., makejudgements and estimates that are reasonable and prudent., state whether applicable accounting slandards have been followed, subject to any material departures disclosed and explained in the financial statements. and prepare the financial statements on the going concern basis unless it is inappropriale to presume that the charity will continue in operalion. The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of Lord O'Neill's Charitable Trust and enable them to ensure that the financial statements comply with the Charities Act (Northern Ireland) 2008, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the constitution and rules. They are also responsible for safeguarding the assets of Lord O'Neill's Charitable Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **LORD O'NEILL'$ CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE CHARITY TRUSTEES OF LORD O'NEILL'$ CHARITABLE TRUST** I report on the accounts of Lord O'Neill's Charitable Trust ('the charity') for the year ended 31 December 2023, which are set out on pages 6 to 8. ## **Respective responsibilities of charity trustees and examiner** As the charity's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008 ('the Charities Act'). It is my responsibility to: - examine the accounts 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 the Charities Act; and - state whether particular matters have come to my attention. ## **Basis of independent examiner's report** I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently, I express no opinion as to whether the accounts present a 'true and fair view' and my report is limited to those specific matters set out in the independent examiner's statement. My role is to state whether any material matters have come to my attention giving me reasonable cause to believe: 1. That accounting records were not kept in accordance with section 63 of the Charities Act 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirements of the Charities Act 4. That there is further information needed for a proper understanding of the accounts to be reached. ## **Independent examiner's statement** I have completed my examination and have no concerns in respect of the matters ( 1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. RSM UK Tax and Accounting Limited Chartered Accountants The Ewart 4th Floor 3 Bedford Square Belfast BT2 7EP > Date: 31/10/24 5 Lord O'Neiifs Charitable Trust 100791 Cliarity Receipts and payments accounts 0110112023 3111212023 For the peritid from Section A Receipts and payments Unrestricted funds to the nparpst Restricted nds Endowment funds Total funds Last year to thè n8•r•$t£" to thp nparest£ to the nearest £ to the near•5t£ A1 Recei Divideth on irwesttllents Aq Sub total (Gross in¢orJ78 forthe AnnuBI Rètum) 16,152 16,152 14.687 16.152 1¢,152 1£68T Total receipts 16.152 16,152 146B7 Direct charitable activi GoverThqnce costs Other costs 18,100 2,220 29 2AOO 34 2,40 34 A3 Sub total 6,534 6.534 20,349 6,534 6,534 20,349 Net of receiptsl(payments) AS Transfers be￿een lunds A6 Cash funds last ￿ar ènd Cash funds this year end 9,618 9.618 15,6621 7,433 17,051 7,433 17,051 13.09$ 7.433 Section B Statemènt of asset5 and liabilities at the end ot the period Unrestrf¢ted lunds Restrkted funds Endowwpn¢ funds Total lunds La51 year B1 Ca$h fund¥ 7.433 Tolal ¢ash funds DetaiL4 knveslmnl ponlo coBIIDPt￿￿￿ LBst 83 knve$iment A$$ets 054.4TI To 693,069 B54.472 FundlDwhlch rellle Amountdu• B5 L￿g￿l￿ ToLI1 2,040 SIg￿d om ￿ Iwo Prfnt Nam Date of approval Tf¢ Lo￿OI￿ll 30 102024 ord O'trjeill's charitab￿ Trust 100791 p￿r￿d Bnd dat@.. 3111W2023 Additional analysis111 Analysis of receipts and payments 4 Payments relatlng dlreclly to charltablfr actlvllles Unreslrltsled fund$ ExpÉndabb endowm?nl funds PermgneTrt endowrnent funds to Dp¥re4t£ Totd current pÈrfod Totsl INSI R•strl¢ted funds to nÈArÈtstÈ tD n•Jr•BtE to n•arnst£ ChBnlable dotBlions 4,10 41DD Total 4.10 41DD 18,100