Charity registration number NIC 100824
THE MINNOWBURN TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022

THE MINNOWBURN TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr B Harvey
Mrs C Harvey
Mr G Montgomery
Mr K Forbes
Charity number
NIC 100824
Principal address
14 Glenwell Road
Newtownabbey
BT36 7RF
Independent examiner
Miscampbell & Co
6 Annadale Avenue
Belfast
BT7 3JH
Bankers
Danske Bank
1-2 Broadway
Ballymena
Co Antrim
BT43 7PE
Solicitors
Arthur Cox Belfast
Victoria House
15-17 Gloucester Street
Belfast
BT14LS

THE MINNOWBURN TRUST
CONTENTS
Page
Trustees, report
Independent examiner's report
Statement of financial activities
Balance sheet
Statement of cash flows
Notes to the financial statements

THE MINNOWBURN TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 AUGUST 2022
The trustees present their annual report and financial statements for the year ended 31 August 2022.
The financial statements have been prepared in accordance with the accounting policies set out in note to the
financial statements and comply with the Trust's trust Deed the Charities Act ( Nl) 2008, and °A¢¢ounting and
Reporting by Charities-, Statement of Recommended Practice applicable to Charities preparing their accounts in
a¢¢ordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland {FRS102) (as
amended for the accounting periods from 1 January 2016).
Objectives and activities
The purpose of the Trust is to distribute funds it receives to charitable causes that will achieve its objectives which
are:
To promote access to the Bible and Biblical teaching worldwide especially to children and young people
and where such materials and methods are not readily available.
To provide practical training and support for Christian workers worldwide, especially where such support is
difficult to obtain.
To facilitate the wellbeing and education of disadvantaged people and people groups worldwide from a
Christian perspective, especially where such resources are not available.
Achievements and perfomiance
Summary of Activities 202112022
The main achievements of the Trust during the year to further its charitable purposes for the public benefit are as
follows-.
Scripture Union Northern Ireland {SUNI)- follow up on SUNI achievements.
Beneficiary Summary
The mission of SUNI aligns with the purpose of the Minnowburn Trust as it seeks to advance the Christian faith
within Schools by..
Promoting the Bible as God's word and the only source of Truth and Life.
Reaching pupils with the Good News of Jesus.
Supporting and encouraging Christians serving God in schools.
The SUNI also organises residential camps and missions where young people engage in several activrties and
experiences that all centre around teaching the Christian faith.
The Trust has followed up with SUNI and is satisfied that the gifts supplied in previous years have been used wisely
and in keeping with the Trusts intentions. SUNI have provided a written report of the progress of the projects that
have been supported by the trust, they have thanked the trust for their continuing interest.
Child Evangelism Fellowshlp (Ireland)- follow up on achievements.
Beneficiary Summary
Child Evangelism Fellowship is a Bible-centred organisation, whose purpose is..
To evangelise boys and girls with the Gospel of the Lord Jesus Christ.
To edify (disciple) them in the Word of God.
To establish them in a local church to help with their various children's programmes.

THE MINNOWBURN TRUST
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
The Child Evangelism Fellowship endeavours to achieve this through various ministries to children and young
people, including residential and non-residential Bible clubs, and provides subject matter Christian teaching within
schools.
Beneficiary Impact I benefit
During the year 2021122 the Trust supported the funding for designated CEF staff through the shortfall scheme
designed to channel support to European workers who find themselves without sufficient support.
The Trust has been kept informed as to how this scheme had progressed and is satisfied that the 04'ectives were
met and that workers received improved support as a result.
Helping Hands Healing Hearts - follow up on achievements.
Helping Hands is a Christian faith-based ministry established to provide support to disadvantaged children in the
Philippines.
Vision
To see children accessing their right to life, right to be part of a family and right to protect[c￿ from ham when that
right is in jeopardy due to illness, abandonment, neglect. abuse, or povety. We also envision a system whereby
children are enabled to access appropriate health care, shelter and edu¢ation tailored to meet their specific needs.
Mission
As a Christian organization, we offer practical, emotional, spiritual and medi¢al assistance as well as temporary
shelter and long-term residential care to children in various Crisis situations.
Goalslspecific Objectives..
To advocate for sick children and their families.
To help children get back to full health and able to thrive.
To provide temporary shelter for sick children during and following their treatment until they are well enough
to return to their own families or can be referred to other institutions for continuity of care.
To offer a viable third option to families of children with terminal illnesses who do not want to let their child
die in hospital or at home by offering a"Hospice Care" program.
To make sure children carry on their education at whatever level they can manage throughout their illness.
To provide a supportive counselling service in conjunction with the DSWD to clients who are victims of
abuse and then later direct them to appropriate organizations that will Gater more specifically to their needs
once their physical wounds have been mended.
To help indigent patients and their families by empowering and enabling them to network and draw on
resources from other useful, appropriate organizations such as PCSO. DSWD, local churches and the
Mayor's Office throughout theirjourney through illness and recovery.
To keep families together wherever possible.
Beneficiary Impact I benefit
Helping Hands has developed a Child recovery Unit located at Baguio. The children are often referred to the
Helping Hands CRU on discharge from the two hospitals located within the city. Recently this mission has been able
to acquire a site where they hope to Construct their own purpose bult premises.
The Trust followed up on the work of Helping Hands during the year and can report that it is satisfied that Helping
Hands used any funding received for the purposes that it was intended.
Ministers I Pastors - Overseas based follow up on achievements.
The Trust has supported several Ministers and Pastors who work mainly in Europe and Middle East regions over a
period of many years.

THE MINNOWBURN TRUST
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
Pastor TK- Eastern Europe
Pastor TK lives in Ukraine and his ministry seeks to advance the Christian Gospel through sport and through
relationships developed with groups and individuals through sport. TK has been ministering to men in the Ukrainian
Defence Forces since the Russian invasion.
Previously the Trust supported Pastor TK and has been kept updated on his work, the Trust is satisfied that the
support provided was used as intended.
ML- Christian Youth leader Central Europe
ML is a Christian youth leader and worship leader. He leads evangelical crusades throughout his country and other
countries of central Europe where he speaks at conferences, festivals, and services and his lead worship.
The Trust funds provided previously have helped fund outreach in villages throughout these countries. The Trust
has been kept updated on his work, the Trust is satisfied that the support provided was used as intended.
Pastor SS- Eastern Europe
The ministry of Pastor SS includes leading discipleship courses via home groups and via the intemet, mentoring
youth pastors throughout his region and speaking at Christian conferences and services. He has a special focus on
family worship.
The funds donated by the Trust in the past have helped Pastor SS write and publish a book about family worship.
the proceeds of which have been given to Christian outreach and povety support programs within his region. SS
has been involved in the Ukrainian situation helping and encouraging refuges and churches. He has recently written
a book with details where God has been at work in many ways during the Ukrainian war.
The Trust has been kept updated on his work. the Trust is satisfied that Ihe support provided was used as intended.
Pastor ST- Eastern Europo
Somalia (Sami) is a Pastor who lives in Cluj Romania his ministry includes pastoring a Pentecostal Church in
Craiova (Southern Romania) as well as overseeing several smaller village churches. He distributes food aid to the
poorest in the local villages. He visits a Young Offenders establishment to minister to the spiritual needs of the
inmates.
The support of the trust has helped launch a farm project and transport volunteers to and from the region. The Trust
has been kept updated on his work. the Trust is satisfied that the support provided was used as intended.
Pastoral Worker- Middle East
This pastorl teacher is based in the UK and travels to provide much needed support and teaching to other Pastors
who are based throughout regions where the Christians are persecuted because of their faith.
The trust has supported this worker and enabled him to support others financially and spiritually. The Trust has been
kept updated on his work, the Trust is satisfied that the support provided was used as intended.
Wycliffe Bible Translators
The Trust supported Wycliffe projects previously and has been updated concerning the progress of these projects
which is a great source of encouragement. Wycliffe provide Bible translation and training directly and in conjunction
with other ministries.
The Trust is satisfied that the support provided was appreciated and was used as intended.
Ministry to provide schools in India.
The Trust supported the construction and operation of schools for underprivileged people in India. Many of the
children who passed through the schools are now qualified professionals. The mission involved provides regular
updates on their progress to the Trust and the Trust is satisfied that the funding provided was used as intended.
Future Support
The Trust regrets that it has been unable to provide continuing support to these causes and hopes to be able to
resume funding soon. Meanwhile the Trust continues to take an interest in the organisations and individuals
mentioned in this report.

THE MINNOWBURN TRUST
TRUSTEES. REPORT (CONTINUED>
FOR THE YEAR ENDED 31 AUGUST 2022
Flnancial review
The Trust accepted donations of £Nil (2021.. £Nil) and funding of £100 (2021.. £17,452) was provided (including
support costs) in the year.
Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate
resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the
going concem basis in preparing the financial statements. Further details regarding the adoption of the going
concern basis can be found in the accounting policies.
Reserves Policy
For the Trust to continue its work reserves are kept at an adequate level to cover the regular pa￿ents required to
keep payments committed to for the financial year.
Unrestricted reserves at the balance sheet date total £48,829 (2021 £48,929). Fair Value Reserves at the balance
sheet date total £1,138,761 {2021= £2,033,146).
Principal sources of Income
Harvey Group plc is the Trusts sole funding source. The level of donations received from this company each year is
dependent on the company's perfomiance. During the current COVID 19 epidemic it will not be possible for the
company to continue making donations. The Trust did not commit itself to making funds available during the year
202112022. Therefore, the Settlor Trustee has provided the necessary finance to meet the costs of compliance
during this period.
Structure, governance and management
The Trust is an unincorporated charity set up by way of Trust Deed dated 2nd July 2010 to hold the assets of the
trust.
The trustees who served during the year and up to the date of signature of the financial statements were..
Mr B Harvey
Mrs C Harvey
Mr G Montgomery
Mr K Forbes
Methods of appointment or election of Trustees
The requirement for Trustees and the skills required are kept under continual review. Due to the limited activity of
the Trust at present there isn't a requirement for any additional trustees.
None of the Trustees has any beneficial interest in the ¢harity.
How decisions are made
All decisions in respect of revenue expenditure from the Trust funds are taken by the Trustees by majority vote. In
the case of equality of votes. Mr B Harvey has the casting vote. The Trust actively monitors the skills and
experience of the Trustees to ensure that adequate support and training is provided were necessary. Training has
been provided to the Trustees and further training will be provided as required.
Dividends
No preference dividends were paid, and the Trustees do not recommend payment of a final dividend.
Restrictions on who can beneflt.
Beneficiary selection will follow a formal process of due diligence and approval to pr&determined beneficiary
selection ¢riteria set in accordance with meeting the purposes of the Trust as set out in the Trust Deed.

THE MINNOWBURN TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
Relationships with related parties
The Trust has a 670/0 shareholding in Harvey Group plc which is held for investment purposes. The Trust is
dependent on the income received from Harvey Group plc to make charitable donations. Harvey Group have not
been able to make any donations in the year under review.
Compliance with HMRC and Charities Commission
The trust complies with HMRC and CCNI regulations and guidelines.
Risk l Harm
Continued Compliance with the relevant regulatory and statutory requirements.
Training is organised with a suitably qualified service provider to conduct a training l awareness training as
required.
Date Protection I Communication with beneficiaries
In some circumstances benefi¢iaries of the Trust might be working in certain regions l countries where the
nature of their work might risk religious persecution. The Trust has sought to protect the identity of
organisations and individuals in this report.
Private Benefit
The trustees have taken the necessary steps to ensu￿ that there has been no direct Private benefit realised
because of our support of our various beneficiaries.
Statement of Compliance
In setting our Objectives and planning our activities for the year, the Trustees have considered the Charity
Commission for Northern Ireland's guidance on public benefit to ensure that the activities have helped to achieve
the charity's purposes and provide a benefit to the beneficiaries.
Statement of Trustees, responsibilities
The Trustees are responsible for preparing the Trustees, report and the financial statements in accordance with
applicable law and United Kingdom A¢¢ounting Standards (United Kingdom Generally Accepted Accounting
Practice).
The law applicable to Charities in Northern Ireland requires the Trustees to prepare financial statements for each
financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and
application of resources. including its income and expenditure. for that period. In preparing these financial
statements, the Trustees are required to-
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP (FRS 102}-
* make judgments and accounting estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material
departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the
Charity's transactions and disclose with reasonable accuracy at any time the financial position of fhe Charity and
enable them to ensure that the financial statements comply with the Charities Act {Northern Ireland) 2008. the
Charities (Accounts and Reports) Regulations (Northern I￿land) 2015 and the provisions of the Trust deed. They
are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.

THE MINNOWBURN TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
The trustees, report was approved by the Board of Trustees.
Mr B Harvey
Trustee
30 August 2023

THE MINNOWBURN TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE MINNOWBURN TRUST
I report to the trustees on my examination of the financial statements of The Minnowbum Trust (the charity) for the
year ended 31 August 2022.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with
the requirements of the Charities Act (Northern Ireland) 2008.
It is my responsibility to:
examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008.,
follow the procedures laid down in the general Directions given by the Charity Commission for Northern
Ireland under section 65(91(b) of the Charities Act., and
state whether particular matters have come to my attention.
Basis of independent examiner's statement
I have examined your ¢harity a¢¢ounts 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 Northem Ireland under
section 65{9){b) of the Charities Act.
My examination included a review of the accounting records kept by the charity and a comparison of the accounts
presented with those records. It also includes consideration of any unusual items or disclosures in the accounts,
and seeking explanations from you as charity trustees concerning any such matters.
My role is to state whether any material matters have come to my attention giving me 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.
This report is made solely to the Charity's Trustees, as a body, in accordance with section 65(3)(a) of the Charities
Act (Northern Ireland) 2008 and regulations made under section 66 of that Act. My work has been undertaken so
that I might state to the charity's Trustees those matters l am required to state to them in an Independent examiner's
report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to
anyone other than the charity and the charity's Trustees as a body, for my work or for this report.
Miscampbell & Co
6 Annadale Avenue
Belfast
BT7 3JH
Dated: 30 August 2023

THE MINNOWBURN TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2022
Unrestricted Unrestricted
funds
funds
2022
2021
Notes
enditure on:
Charitable activities
100
17,452
Net losses on investments
{894,385) (615,854)
Net movement in funds
(894,485) (633,306)
Fund balances at 1 September 2021
2,082,075
2,715,381
Fund balances at 31 August 2022
1,187,590
2,082,075
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.

THE MINNOWBURN TRUST
BALANCE SHEET
AS AT 31 AUGUST 2022
2022
2021
Notes
Fixed assets
Investments
1,189,761
2,084.146
Current assets
Cash at bank and in hand
229
329
Creditors: amounts falling due withln
one year
10
(2,400)
(2,400)
Net current liabilities
(2,171)
(2,071)
Total assets less current liabilities
1,187,590
2,082,075
Income funds
Unrestri¢ted funds
1.187,590
2,082.075
1,187,590
2,082,075
The financial statements were approved by the Trustees on 30 August 2023
Mr B Harvey
Trustee

THE MINNOWBURN TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2022
2022
2021
Notes
Cash flows from operating activities
Cash absorbed by operations
14
{100)
(17,052)
Net cash used in investing activities
Net cash used in financing activities
Net de¢￿ase in cash and cash equivalents
(100)
(17,052)
Cash and cash equivalents at beginning of year
329
17,381
Cash and cash equivalents at end of year
229
329
10-

THE MINNOWBURN TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
Accounting policies
Charlty information
The Minnowburn Trust is an unincorporated charity registered with the Charities Commission Northem
Ireland. The charity's principal office is 14 Glenwell Road Newtwonabbey, BT36 7RF.
1.1 Accounting convention
The financial statements have been prepared in accordance with the Charities SORP {FRS 102) - Accounting
and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their
a¢¢ounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
{FRS 102} (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102) and the Charities Act {Northern Ireland) 2008.
The Minnowburn Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are
initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting
poli¢y.
The financial statements are prepared in sterling. which is the functional currency of the charity. Monetsry
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 charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees
continue to adopt the going concem 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 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
Charity.
1.4 Income
Income is recognised when the charity 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 charity 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 Charity 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.
11

THE MINNOWBURN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
Accounting policies
(Continued
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a
third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of dIr￿t costs and
shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated directly to that a¢tivity. Shared costs which contribute to more than one activity and
support costs which are not attributable to a single activity are apportioned between those activities on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
1.6 Fixed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are
subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net
incomel(expenditure) for the year. Transaction ¢osts are expensed as incurred.
A subsidiary is an entity controlled by the charity. Control is the power to govern the financial and operatin9
policies of the entity so as to obtain benefits from its activities.
1.7 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 overdrafls. Bank overdrafts are shown
within borrowings in current liabilities.
Baslc linancial 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 a￿angement 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.
Derecognltion of financial liabilltles
Financial liabilities are derecogni5ed when the charity's contractual obligations expire or are discharged or
cancelled.
12-

THE MINNOWBURN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
Accounting policies
{Continuedl
1.8 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Termination benefrts are re¢ognised immediately as an expense when the charity is demonstrably committed
to terminate the employment of an employee or to provide termination benefits.
Critical accounting estimates and judgements
In the application of the charity'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 estimates and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Charitable activities
Unrestricted Unrestricted
funds
funds
2022
2021
Share of support costs (see note 4)
Share of governance costs (see note 4)
100
199
17,253
100
17,452
Support Costs
Support Governance
costs
costs
2022
Support Governance
costs
costs
2021
Bank fees
100
100
199
199
Legal and professional
Accountancy
Independent examination
fees
10,253
5,600
10,253
5,600
1,400
1,400
100
100
199
17,253
17,452
Analysed between
Charitable aGtivities
100
100
199
17,253
17,452
13-

THE MINNOWBURN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the
Charity during the year.
Employees
The average Monthly number of employees during the year was..
2022
Number
2021
Number
There were no employees whose annual remuneration was more than £60,000.
Net gainsl(losses) on investments
Unrestricted Unrestricted
funds
funds
2022
2021
Revaluation of investments
(894,385) (615,854)
Fixed asset investments
Other
investments
Cost or valuation
At 1 September 2021
Valuation changes
2,084.146
(894,385)
At 31 August 2022
1,189,761
Carrying amount
At 31 August 2022
1,189.761
At 31 August 2021
2,084,146
2022
2021
Other investments comprise-
Notes
Investments in subsidiaries
13
1,189.761
2.084,146
14-

THE MINNOWBURN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
Fixed asset investments
(Continued)
The Trustees do not Consider the consolidaton of the results of the Harvey Group to be appropriate as the
shares are held for investment purposes and not directly for the furtherance of the activities of the charity.
The Trustees have calculated the Fair Value of the investment at 31 August 202210 be £1,189,761 based on
professional valuation by the Beltrae Partners Limited on the audited financial statements prepared by Hatvey
Group Plc. The fair values have been determined in accordance with generally accepted pricing models.
Financial instruments
2022
2021
Carrying amount of financial assets
Instruments measured at fair value through profit or loss
229
329
Financial assets measured at fair value through income and expenditure comprise of cash at bank and in
hand.
10 Creditors: amounts falling due within one year
2022
2021
Accruals and deferred income
2,400
2,400
11 Ev8nts after the reporting date
The Trustees have been kept informed of the steps being taken by the Board of Harvey Group pl¢ to protect
the long term trading ability of the business and the Group is working with its bankers to secure ongoing
funding to both protect the short term financial position of the Group and to ensure that the Board can take full
advantage of new business Opportunities as they arise as trading restrictions are lifted.
The Trustees consider these events to be indicative of conditions that arose after the end of Ihe reporting
period and therefore are non-adjusting in relation to the accounts for the year ended 31 August 2022.
The timing of the recovery in the economy is uncertain and the impact on the fair value of the investment
cannot be ¢alGulated at this time with Gertainty. The exact quantum of the impact on the Company's valuation
will become clearer as recovery continues and Harvey Group can assess with greater certainty its financial
forecasts for 2022123 and beyond.
The Trustees will continue to closely monitor the position in regard to the management of its investment as
events unfold.
12 Related party transactlons
There were no disclosable related party transactions during the year (2021 none).
15-

THE MINNOWBURN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2022
13 Subsidiaries
These financial statements are separate charity financial statements for The Minnowbum Trust.
Separate company financial statements are required to be prepared by law. The Trustees do not consider the
consolidation of the results of the Trust's subsidiary, Harvey Group Plc, to be appropriate as the shares are
held for investment purposes and not direGtly for the furtherance of the activities of the ¢harity.
Details of the charity's subsidiaries at 31 August 2022 are as follows..
Name of undertaking
Registered
office
Natu￿ of business
Class of
shares held
.￿ Held
Direct Indirect
Harvey Group PIC
UK
Mechanical and electrical
engineering, design,
installation and maintenance
and the design and installation
of renewable energy systems.
Ordinary
67.00
The aggregate capital and reserves and the result for the year of subsidiaries excluded from consofidation
was as follows..
Name of undertaking
ProfiU(Loss) Capital and
Reserves
Harvey Group PIC
(2,844,918)
3,387,742
14 Cash generated from operations
2022
2021
Deficit for the year
(894,485)
(633,306)
Adjustments for..
Fair value gains and losses on investments
894,385
615,854
Movements in working Capital-
(Decrease)lincrease in creditors
400
Cash absorbed by operations
{100)
(17,052)
15 Analysls of changes in net funds
The charity had no debt during the year.
16-