Charity registration number NIC 100824 (Northern Ireland)
THE MINNOWBURN TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

THE MINNOWBURN TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr B Harvey
Mrs C Harvey
Mr G Montgomery
Mr K Forbes
Charity number (Northern Ireland)
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 Northern Ireland
WIGtoria House
15-17 Gloucester Street
Belfast
BT14LS

THE MINNOWBURN TRUST
CONTENTS
Page
Trustees, report
Independent examiner's report
Statement of financial activities
Balance sheet
10
ststement of cash flows
11
Notes to the financial statements
12-18

THE MINNOWBURN TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
The trustees present their annual report and financial statements for the year ended 31 August 2024.
The financial statements have been prepared in accordance with the ac¢ounting policies set out in note to the
financial statements and comply with the Trust's Irust Deed, the Charities Act (Northern Ireland} 2008, 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 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 re￿iVeS to charitable ¢auses 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 fa¢ilitate the wellbeing and education of disadvantaged people and people groups worldwide from a
Christian perspective, especially where such resources are not available.

THE MINNOWBURN TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Achievements and performance
Signilicant activities and achievements against objectives
Summary of Activities 202312024
The main achievements of the Trust durrng the year to further its charitable purposes for the public benefit are as
follows..
Scripture Union Northern Ireland (SUNII Following up on previous gifts and support
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 activities 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 Fellowship (Ireland) Following up on previous gifts and support
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 ¢hur¢h to help with their various children's programmes.

THE MINNOWBURN TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
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 2023124 the Trust supported the funding for designated CEF staff through the shorttall 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-e¢tives were
met and that workers received improved support as a result.
Helping Hands Healing Hearts- Following up on previous gifts and support
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 protection from harm when that
right is in jeopardy due to illness, abandonment, neglect, abuse, or poverty. We also envision a system whereby
children are enabled to access appropriate health care, shelter and education tailored to meet their specific needs.
Mission
As a Christian organization, we offer practical, emotional, spiritual and medical assistance as well as temporary
shelter and long-term residential care to children in various ¢risis 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 lerminal 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 cater more speGifiGally to
their needs once their physical wounds have been mended.
To help indigent patients and their families by empowering and enabling them to ne￿Ork and draw
on resources from other useful, appropriate organizations such as PCSO, DSWD, local Ghurches
and the Mayor's offi￿ throughout theirjourney through illness and re¢overy.
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 ￿0 hospitals located within the city. Recently this mission has begun 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.

THE MINNOWBURN TRUST
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Other Agencies I Pastors Following up on previous gifts and support
The Trust has supported several Minister5 and Pastors who work mainly in Europe and Middle East regions over
period of many years and has been kept informed as to Iheir progress.
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.
Wycllffe 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 for underprivileged children.
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 any causes for the last three years
however having re¢eived a dividend from Harvey Group at the end of this year . it will be able to resume funding
projects and people again during the next financial year . Meanwhile the Trust continues to take an interest in the
organisations and individuals mentioned in this report.
Financial review
The Trust accepted donations of £6,000 (2023.. £5,000) and funding of £5.151(2023.' £3,811) was provided
(including support costs) in the year.
Going concern
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 ¢on¢ern basis in preparing the financial statements. Further details regarding the adoption of the going
concern basis can be found in the accounting policies.
ReseThes policy
Reserves Policy
For the Trust to ¢ontinue its work reserves are kept at an adequate level to ¢over the regular payTnents required to
keep payments committed to for the financial year.
Unrestricted reserves at the balance sheet date total £586,867 {2023- £50,018). Fair Value Reserves at the balance
sheet date total £3,029,507 {2023.' £2,764,317).
Principal funding sourcgs
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. It has not been possible for the company to continue making donalions.
The Trust did not commit itself to making funds available during the year 202312024, therefore. The Trustees have
provided the necessary finanGe to meet the costs of compliance during this perrod.

THE MINNOWBURN TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Structurey 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 senied 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
Recruitment and appointment of trustees
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 charity.
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 fvrther training will be provided as required.
Dividends
No preference dividends were paid, and the Trustees do not re¢ommend payment of a final dividend.
Restrictions on who can benefit.
Beneficiary selection will follow a formal process of due diligence and approval to pre-detemiined beneficiary
selection criteria 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 2024
Relationships with related parties
The Trust has a 670A shareholding in Harvey Group plc which is held for inveslment purposes. The Trust is
dependent on the income received from Harvey Group plc to make charitable donations. Harvey Group have paid a
dividend in the year 2023124 to the trust which will enable the Trust to recommence distributing ￿ndS in the next
financial year.
Compllance 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.
Data Protection I Communication with beneficiaries
In some circumstances beneficiaries of the Trust might be working in certain regions I 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 ensure 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 Northem 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.,
slate 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 the 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 Ireland) 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 2024
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 Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
The law applicable to charilies 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 appli¢able UK A¢counting 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 the Charity and
enable them to ensure that the financial statements ¢omply with the Charities Act (Northern Ireland) 2008, the
Charities (Accounts and Reports) Regulations (Northern Ireland) 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 trustees, report was approved by the Board of Trustees.
Mr B Harvey
Trustee
28 August 2025

THE MINNOWBURN TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE MINNOWBURN TRUST
I report on the financial statements of the Charity for the year ended 31 August 2024, which are set out on pages 9
to 18.
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 Northem
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 statement
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 Northem Ireland under
section 6519)(b) of the Charities Act.
My examination included a review of the accounting records kept by the charity and a comparison of the a¢¢ounts
presented with those records. It also includes consideration of any unusual items or dis¢losures in the a¢counts,
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 ¢ause 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 ¢omply with the accounting requirements of the Charities Act.,
4. that there is further infomiation needed for a proper understanding of the accounts to be reached
Independent examiner's statsment
Since the charity's gross income exceeded £250.000. the independent examiner must be a member of a body listed
in section 65 of the Charities Act (Northem Ireland) 2008. 1 confimi that l am qualified to undertake the examination
because l am a member of [ENTER IN DATABASE cy10151, which is one of the listed bodies.
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 sedion 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.
I have completed my examination and I have no ¢on¢erns 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.
MisGampbell & Co
6 Annadale Avenue
Belfast
BT7 3JH
Dated.. 28 August 2025

THE MINNOWBURN TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITUREACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2024
Unrestricted
funds
2024
Unrestricted
funds
2023
Notes
Income from:
Donations and legacies
Investments
6,000
536,000
5,000
Total income
542,000
5,000
Expenditure on:
Charitable activities
5,151
3,811
Total expenditure
5,151
3,811
Net gainsl(losses) on investments
265,190
1,625,556
Net income and movement in funds
802,039
1,626,745
Reconciliation of funds:
Fund balances at 1 September 2023
2,814.335
1,187,590
Fund balances at 31 August 2024
3,616,374
2,814,335
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 2024
2024
2023
Notes
Fixed assets
Investments
10
3,080,507
2,815,317
Current assets
Cash at bank and in hand
537,507
578
Creditors: amounts falling due within
one year
11
(1,640)
(1,560)
Net current assetsl{liabilities)
535,867
(982)
Total assets less current liabilities
3,616,374
2,814.335
The funds of the charity
Unrestricted funds
12
3,616,374
2,814,335
3,616,374
2,814,335
The financial statements were approved by the trustees on 28 August 2025
Mr B Harvey
Trustee

THE MINNOWBURN TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
Notes
Cash flov￿ from operating activities
Cash generated from operations
15
929
349
Investing activities
Investment income received
536,000
Net cash generated from investing activities
536,000
Net cash generated from financing activities
Net increase in cash and cash equivalents
536.929
349
Cash and cash equivalents at beginning of year
578
229
Cash and cash equivalents at end of year
537,507
578
11

THE MINNOWBURN TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policies
Charity information
The Minnowburn Trust is an unincorporated charity registered with the Charities Commission Northern
Ireland. The charity's principal office is 14 Glenwell Road Newtwonabbey, BT36 7RF.
1.1 Accounting convention
The financial ststements have been prepared in accordance with the Charities SORP IFRS 102) - Accounting
and Reporting by Charities- Statemenl of Recommended Practi¢e applicable to charities preparing their
accounts in accordance wilh 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 financial statements are prepared in sterling, which is the functional currency of the charily. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The prFncipal 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 existen￿ for the foreseeable future. Thus the trustees
¢ontinue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
UnrestriGted 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 lo how they may be used. The
purposes and uses of the restricted funds are sel out in the notes to the financial ststements.
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 GiftAid 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
contingent asset.
12-

THE MINNOWBURN TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
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￿1 costs and
shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated directly to that activity. 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 stsff 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
in¢omel(expenditure) for the year. Transaction costs are expensed as incurred.
A subsidiary is an entity controlled by the charity. Control is the power to govern the financial and operating
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-temi 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 assels, 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 dis¢ounted 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 re¢ognised 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 priGe and subsequently measured at amortised cost using the effeGtive interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's Contractual obligations expire or are discharged or
cancelled.
13-

THE MINNOWBURN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policies
(Continued)
1.8 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Tem)ination benefits are recognised immediately as an expense when the charity is demonstrably Gommitted
to terminate the employment of an employee or to provide termination benefits.
Critical accounting 8stimates and judgements
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates
and assumptions about the carying amount of assels 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. A¢tual 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.
Income from donations and legacies
Unrestricted Unrestrict8d
funds
funds
2024
2023
Donations and gifts
6,000
5,000
Income from investments
Unrestricted Unrestricted
funds
funds
2024
2023
Income from unlisted investments
536,000
14-

THE MINNOWBURN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Expenditure on charitable activities
Unrestrlcted Unrestricted
2024
2023
Share of support and governance costs (see note 6)
Support
Governance
31
5,120
31
3,780
5,151
3,811
Analysis by fund
Unrestricted funds
5,151
3,811
Support costs allocat8d to activitles
2024
2023
Bank fees
Governance costs
31
5,120
31
3,780
5,151
3,811
Analysed between:
Charitable activities
5,151
3.811
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..
2024
Number
2023
Number
Tnjstees
There were no employees whose annual remuneration was more than £60,000.
15-

THE MINNOWBURN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Gains and losses on investments
Unrestricted Unrestricted
funds
funds
2024
2023
Gainsl(losses) arising on..
Revaluation of investments
265,190
1,625,556
10 Fixed asset investments
Other
investments
Cost or valuation
At 1 September 2023 & 31 August 2024
2,815,317
Carrying amount
At 31 August 2024
2,815,317
At 31 August 2023
2,815,317
2024
2023
Other investments comprise..
Notes
Investments in subsidiaries
14
3,080,507
2,815,317
Fixed asset investments revalued
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 2024 to be £3,080.507 based on a
professional valuation by the Beltrae Partners Limited on the audited financial statements prepared by Harvey
Group Plc. The fair values have been determined in a¢¢ordance with generally accepted pricing models.
11 Creditors: amounts falllng due within one year
2024
2023
Accruals and deferred income
1,640
1,560
16-

THE MINNOWBURN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
12 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At1
September
2023
Incoming
resour¢es
Resources
expended
Gains and At 31 August
losses
2024
General funds
2,814,335
542,000
(5,151)
265,190
3,616,374
Previous year:
At1
September
2022
Incoming
resources
Resources
expended
Gains and At 31 August
losses
2023
General funds
1,187,590
5,000
(3,811)
1,625,556
2,814,335
13 Related party transactions
Transactions with related parties
During the year the charity entered into the following transactions with related parties:
The trust received a donation of £6,000 {2023-. £5,000) from the Harvey Family, during the year.
14 Subsidiari8s
These financial statements are separate charity financial statements for The Minnowburn 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 Pl¢, to be appropriate as the shares are
held for investment purposes and not directly for the furtherance of the activities of the Gharity.
Detsils of the charity's subsidiaries at 31 August 2024 are as follows:
Name of undertaking
Registered
offic8
Nature of business
Class of
shares held
'k Held
Dlrect Indirect
Harvey Group Pl¢
UK
Mechanical and electrical
engineering. design,
installation and maintenance
and the design and installation
of renewable energy systems.
Ordinary
67.00
17-

THE MINNOWBURN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
14 Subsidiaries
Icontinued)
The aggregate capital and reseNes and the result for the year of subsidiaries excluded from cons0￿datIOn
was as follows..
Name of undertaking
ProfiU(Loss) Capital and
Reserves
Ha￿eY Group PIC
708,855
5,428,316
15 Cash generatsd from operations
2024
2023
Surplus for the year
802,039
1,626,745
Adjustments for:
Investment income recognised in statement of financial activities
Fair value gains and losses on investments
{536,000)
(265,190) (1,625,556)
Movements in working capital:
In¢reasel(decrease) in creditors
80
(840)
Cash generated from operations
929
349
18-