Charity Registratton No. NIC100969 Company Registration No. N1039877 {Northein Irelandl MARIANNE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 MARIANNE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Dlroctors JJ Ha￿)Inson CE Harbinson Se¢r¢tary JJ Harbinson Charity number NIC100969 Company number N1039877 R89iStered offic Longa¢r& 3A Circular Road West Holywood BT18 OAT Independent examiner Harbinson Mulhollarsd Centrepoint 24 Ormeau Avenue Belfasl Co. Anlrim Northem Ireland BT2 8HS Bankors Ulster Bank 91193 Univers*ty Road Belfast Bf71NB Solicltors John McKee and Son The Linenhall 32-38 ￿￿enha11 Street Betfasl Co. Antrim Northem Ireland 8T2 8BG MARIANNE TRUST CONTENTS Page Directors. report Independent examinerfs report Statement of financial activities Statement of financial position Notes to the financial statements MARIANNE TRUST DIRECTORS, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2020 The directors present their report and financtal statements for the yeaf ended 31 December 2020. The financial statements have been prepared in accordance wlh the accounting policies set out in ntsle 1 10 the financial statements and comply wth the ¢harily's Memorandum and Articles of Asso¢ialK)n, the Companies Act 2006 and °Ae¢ountiTrg and Reporting by Charities". Stslemenl of Recommended Practice applicable lo charities preparing their accounts in a¢cordance with the Financial Reporting Standard applicable in the UK and Republlc tsf Ireland IFRS 1021" las amended for accounting periods commencing from 1 January 2016} Obje¢tives and activities The principal acliwty of the company is to make charitable donations. A¢hlevements and perfom)anco The dire¢tor5 are happy with the level of support they were able lo provide, both financial and by way of the lime invested by the directors in mentoring and encouraging many of the bodies supported during the year. The directors intend lo continue work of a similar nature in the year to come. Financial review The nel incoming resources for the finat)¢ial year are £3.89512019'. £13,204 outgoingl. The vnrestricled lunds carried foNJard are £14.791 12019.. £10.8971. The directors bas expenditure decisions on the resour¢e$ available lo the company. As the company has no fixed costs there is no ne¢d lo maintain a minimum level of reserves to ensure ¢onts'nuily of operatioris. Under Section 505{1}lal and (c) of the Income and Corpoialion Taxes Act 1988, the company is entided to charty lax exemption. structure, governancg and management Marianne Trust is a company limited by guarantee whose conduct is 9overned by its Memorandum and Articles of Association. The directors during the year end a￿ listed wlhin 'Legal and Adminislralive Informabon,. The direclors are members of the company and as such, they each have guaranteed lo contribute an amount not exceeding £1 in the event of the company being wound LSP. MARIANNE TRUST DIRECTORS. REPORT (INCLUDING DIRECTORS. REPORTI {CONTINUED> FOR THE YEAR ENDED 31 DECEMBER 2020 Statsmtnt of directors, re$ponsltyllllle¥ The dir8clors, who also act as trustees, are responsible for prepartng the Dwectors, Report and the ffinanrxal statements in ac¢ord8nce with applicable law and regulatlon. Company law ￿qUI￿$ the directors to prepare fmancial statements for ea¢h financial year. Under that lawthe directors have p￿par8d the finan¢ial statements in accordance wth United Kingdorn Accounting Standards. eompiising FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland", and applio*ble Law Iunited Kingdom Generalty Accepted Accounting Prathicel. Under compaThy law the directors must not approve the financial statements unless they are satiSf￿d that they give a true and fair view of the state of the affairs of thè company and ol Ihe Incomin9 iesources and application of ￿sources, including the income 8nd expenditure. gf the company lor that period. In prepa￿ng the$e fnanaal statements, the direclots ale required to.. sele¢l suilable aCc￿nting poh.cies and then apply Ihern consi5tently.' ob5etve the rnethods ani5 prindples in the Statement of Recomrnended Practi￿.. Accgunting and Reporbng by Charities120151", make judgments 2nd estimates that ale reas¢)nable and prudent.. and prepare the financial staternents on the 9oin9 concem basis unle$$ it Is inapproprfate lo presurne Ihat the company will continue in business. The directors are rospon5ible for keepin9 adequale accounting records that a￿ S￿1(aent to show and explain Ihe companvs trans3ction5 and disclose with reasonable aGcuracy 81 any tlme the financial position of th& company and enable them lo ensure that the finanual statements compty with the Companies Act 2006. They are also responsSble for safeguarding the assets of the company and her¥￿ for taklng reasonable steps for the prevention and detection of fraud and other irregulairties. Tax ststus Under Sectson 50511) lal and Icl of thè Income and corporation T8xes Act 1988. Marianne Trust ss entitled to tharity tax exempti¢)n. This report has been prepared in acwdance with the statement of Recommended Practice I'Accountirsg and Reporting by Charities'l 2015 and in a¢cordance with the special provisions relating to small wrnpanies within Part 15 of the Companies Act 2006. The directors, report was approved by the Board of Directors. nson Dated-. MARIANNE TRUST INDEPENDENT EXAMINER'S REPORT TO THE DIRECTORS OF MARIANNE TRUST We report lo the directors on our examination of the financial ststements of Marianne T¥usl (the ¢Ft3rity} for the year ended 31 December 2020. Responsibilitl&s and basis of report As the directors of the charity land also its dire¢tor5 for the purposes of company lawl you are responsible for the preparation of the financial slalemènts and you have ¢onsidered the audit requirement of Section 65 131 of the Charities Act INI) 2008 (the Acll. Having satisfied ourselves that the Charity is not subject to audit under company law, and Tr$ eligible for independent examination. il is our responsibilty to.. examine the accounts under section 65 of the Charities Act {Northem Iielandl 2008., follow the procedures laid down in the general Dire¢t¢ons gwen by the Charity Commlsslon for Northem Ireland under section 65191{bl of the Charities Act.. state whether particular matters have come lo our attention. Indep8nd¢nt examiner's statèment We have examined your charity accounts as required under Secb'on 65 of the Charities Act and our examination was carried out in accordance wth the general Directions given by the Charity Commission for Northern Ireland under section 6519}Ibl of the Charities Act. The Èxamination included a review of the accounting records kept by the charity and a ¢omparistsn of the accounts presented wlh 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. Our role is lo slate whether any material matters have come to our attention giving us cause lo believe.. That accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act., or the financial statements do not accord with those records., or That the financial statements do not Comply the accounting requirements of section 396 of the Companies Act 2006 and wth the methods and principles of the Charities Staternent of Recommended Prath'ce applicable to charities prepanng their a¢¢ounls in accordance wlh the Financial Reporting Stsndard applicable in the UK and Republic of Ireland. That there is fvrther infomialion needed for a proper understanding of the accounts lo be reached. We have completed our examination and have no Concerns in respect of the matters11110141 listed above and. in connection with followng the Directions of the Charity Commission for Northem ITeland, we have found no matters that require drawing to your attents'on. k4crb nsoi MulhoLI od Harbinsot) Mulholland Chartered Accountants Cenlrepoint 24 Omieau Avenue Betfasl Co. Anlrim 8T2 8HS Northem Ireland Dal¢d.' MARIANNE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020 Unr8strlctod funds 2020 Total Total 2020 2019 Notes Donations and legacies 187.015 187,015 30,569 Ex enditur on: Charitable activities 183,120 183,120 43,773 Net In¢om&llexpendtturel for the yearl N&t movèmènt in funds 3,895 3,895 {13.204) Fund balances at 1 January 2020 10,896 10,896 24,101 Fund balances at 31 Decgmber 2020 14.791 14.791 10.897 The ststement of financial activilles includes all galns and losses recognised in the year. All income and expènditure derive from continuing activities. The statement of fir¢ancial aclivilie5 also complies with the requirements for an income and expenditure a¢count under the Companies Act 2006. The notes on pages 6 to 9 fomi part ol these finanual statemeftts. MARIANNE TRUST STATEMENT OF FINANCIAL POSITION AS Af 31 DECEM8ER 2020 2020 2019 Notss Current a$8et$ Cash al bank and in hand 15.711 12,545 Credltors: amounts falllng due wlthln one year 19201 {1,6481 Net current assets 14,791 10,897 Income fund$ Unr6stricted fund8 14,791 10,897 14,791 10,897 Thè ￿rnpsnY is entitled to ttte exemptR)n trom the auoit requirement contained in sectlon 477 tsf the Companies Acl 2006. lor the year 6nd8d 31 Decernber 2020. The directors acknowledge their responsibilities lor ensuring that the chanty keeps accounting records which cornply-wth section 386 01 th8 Act a￿￿ for preparing financial statements whieh give a true and falr view of the stale of affairs of the corTJP8ny as al the end of the financial year and of its incoming resources 8nd applicat￿ft of reSoUr￿s. Including its income and expenditure, for the finanoal year in accordance with the requirements of $e¢lion$ 394 and 395 and wh￿h othetwise comply with the ￿qUIremer1tS of the Comp8nies Act 2006 ￿lating to financial statements. so far as appli¢8ble to the company. The membÈrs have not required the company to obtain an audit of rts financsal st8temenl8 for Ihe year in question in accordan¢e wlh section 476. These fnanual statement$ have been prepared in accordance with the provisions applicable to companiès subject lo the small companies regTrm8. The ffinan¢ial statements were approved by the DiredDr5 On ............ .......... Trusteè ¢oMpony Reglstratlon No. N1039B77 MARIANNE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Accounting pollcles Charity inforniation Marianne Trust is a private company limited by guarantee incorporated in Northem Ireland. The registered office is Longacre, 3A Circular Road West, Hotywi)od, BT18 OAT. 1.1 Accounting convention The financial statements have been prepafed in accordance with the charity's memorandum and articles of association. the Companies Act 2006 and "Accounting and Reporting by Charities-. Stslemenl of Recommended Practice applicable to charities preparing their a¢¢ounls in a¢¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021° (as amended for accounting per¢ods commencing from 1 January 20161. The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for eharilieg applylng FRS 102 Update BulEelin 1 not to Prepare a Slalemenl of Cash Flows. The ffinanrAal statements are prepared in $teding, which is the lunctional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convenlitsn, modif*ed lo include the revaluation of freehold properties and lo include investment properties and ￿rtain financial instruments al fair value. The principal accounting poliaes adopted are set out below. 1.2 Going ¢on¢Èrn The directors have prepared budgets and, having considered the CiTCLtmslances oudined above, are of the view that they have secured sufficient funding lo ensu￿ that the company can continue to trade for the next 12 months. For this reason they continue lo adopt the going concern basis in preparing the financi statements. 1.3 Ch8rllabl• funds Funds held by the chartty are either.. Unrestricted general lunds- these are funds which can be used in accordar*ce the charitable objects al the discrelion of the d1￿clor$. Restricted funds- these are funds that can only be used for particular restricted PL¢rposes within the objects of the charity. Reslri¢tiOT3S aris¥ when specified by the donor or when the fijnds are raised for p8rti¢ular restricted purposes. Further explanation of the naluro and purpose ol each fund is included in the notes to the finanual statements. 1.4 Income Income is recognised in the period in which the charity is entitled to receipt and the amount can be measured with reasonable certainty. Income is deferred only when the charity has lo fulfil ￿nditiOnS befo becoming entitled lo il or where the donor has specified that the income is lo be expended in a future period. Voluntary income is Teceived by way of gfants, donations and gifts and is In￿l￿ed in fvll in the Statement of Financial Aclivilie5 when receivable. Investment income is included when receivable. MARIANNE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2020 Accounting policiès IContinu8dl 1.5 Expenditure Resources expended are included in the Statement of Financial Activities on an accrual basis, exclusive of any VAT which can be recovered. Charttable expenditure comprises those costs incuffed by the chanty in the delivery of ils a¢twilies and services for its beneficiaries.11 includes both costs that Can be allocated dlreclly to such activities and those coasts of an indirect nature necessary lo support them. Govemance costs include those costs associated with meeting the conslilulional and slatulory requirements of the charlty and include the audit f¢e$ and cost5 linked lo the strategic management of the charity. All ¢osts are allocated be￿een the expenditure categories of the Stslement of Financial Activities on basis designed to reflect the use of the resource. 1.6 Cash and cash equivalents Cash and cash equivalents include ¢ash in hand, dep0511s held al call wFlh banks and other short-temi liquid investments wlh original maturities of three months or Ees$. 1.7 Finan¢lal instfuments The charity only ha5 financial assets and financial liabilibes of a kind that qualify as bast¢ financial inslrumenls. Basic financial instruments are initially recognised al transaction value and subsequently measured at their 5etUemenl value. 1.8 Taxation No provision 15 required for taxation as the company is defined as a charity for taxation PlJfpose8. 1.9 Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resuking from a past event that wll probably iesult in the transfer of funds lo a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Critical accountlng estimates and Judg&ments In the application of the charty's accounting policJes, the directors are required lo make judgements. eslimales and assumptions about the carrying amount of assets and liabilib.es that ao not Teadily apparent from other sources. The estimates and associated assumptions are based on hislori¢al experience and other factors that are Considered lo be relevant. Actual resu115 may differ from these estimates. The eslimales and underfying assumptions are reviewed on an ongoing basis. Revisions lo aceounling estimates are recognised in the period iri which the estimate 15 revised whefe the revision affecls only that penod, or in the period of the revision and future periods where the fftvision affects btslh current and fLtture periods. There are no critical accountsng estimates orjudgements. MARIANNE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Donation$ and legacie$ Unrastri¢ted funds Total 2020 2019 Donations 187.015 30,569 Charitable activities 2020 2019 A¢livilies undertaken directly Governance 182.301 819 42,945 828 183,120 43.773 183,120 43,773 Directors None ofthe direct015 lor any persons Connected with them} received any remuneration or benefits from the charity durTrng the year. Employees The average monthly number of employees dLtring the yeaf was: 2020 Numbèr 2019 Numbgr Total Credltors: amounts falling due wtthin onè year 2020 2019 Other credrtors A¢cwals and deferred income 200 720 1,440 920 1,648 MARIANNE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Analysts of net assets between fund$ Unr¢$tri¢tsd Unreslrided funds fijnds 2020 2019 Fund balances at 31 Decernber 2020 are represented by.. Current assetsllliabililies} 14.791 10,897 14,791 10,897 Rolatsd party transactton$ Dur¥ng the financial year the Director, Jeremy Hafbinson, made donations to the company amounting to £40012019.. £16,175}.