O'LAVERTY TRUST FINANCIAL STATEMENTS 5 IIPRIL 2023 C bakertilly MOONEY MOORE O'Laverty Trnst 5 April 2023 CONTENTS PAGE General inforniation Independent Examiners report Balance SELeet Settled fi￿d account Income account Notes on the accounts Appendix I O'Lav¢rty Trust 5 Apri12023 GENE￿￿L INFORMATION SETTLOR Right Reverend Jan]es O'Laverty DATE OF SETTLEMENT DEED 1906 TRUSTEES Very Reverend Brian Daly Very Reverend Thomas McGlynn TRUST PROVISIONS The Settlement provides that the Trustees may make discretionary payments to or for the benefit of beneficiaries who have the surname O'Lavety, Lavety, o'Laffety or Lafferty. the sunllnary set out above is intended merely as an aide-memoire. For any tnatters requiring detailed consideration referellce should be made to the relevant deed and ally relevant stathtes. Note." SOLICITORS Napier Solicitors 1-9 C&stie Arcade High Street BELFAST BTI 5DF INDEPENDENT EXAMINERS Baker Tilly Mooney Moore 17 Clarendon Road CIarendotL Dock BELFAST BTI 3BG STOCKBROKERS Evelyn Partners The Ewart 13 Floor, 3 Bedford Square BELFAST Bn 7EP O'Laverty Trust 5 Apri12023 REPORT OF THE INDEPEI¥IDENT EXAMtNER TO THE TRUSTEES OF O'LAVERTY TRUST We have reviewed the financial statetnents for the year ended 5 AprÈl 2023 on pages three to six. Respective responsibilities of charity trustees and ex2miner As the charity's trustees. you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It is our responsibility to: examine the accounts under section 65 of the Charities Act follow the procedures laid doThn in the general diTections given by the Cotllmission under section 65(9)(b) of the Charities Act state whether particular matters have come to our attention. Basis of independent eIaminer's report We have examined your charity accounts as required under section 65 of the Charities Act and our examination was ¢8Tried out in accordance with the general Directions givell by the ChaTtty Commission for Northern Ireland under section 65{9)(b) of the Charities Act. Our examination included a ieview of the accounting recor(Ls kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual itens or disclosures in the accounts, and seeking explanations from you as charity tnthes concerning any such matters. Our role is to state wbether any material matters have come to our attention giving us cause to belteve: l. That accounting records were not kept in accordance with sectioll 63 of the c￿￿]tieS Act 2. That tbe accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirements of the Chartties Act 4. That there is further infornlation needed for a proper ullderstandÈng of the accounts to be reached. Independent examiner's ststeweDt We have completed our examination alld have no concerns in Tespect of the matters (l) to (4) listed above an¢ in CODnectlOll with following the Directions of the ch￿lty Con]mission for Nortbern kelanQ we have found no matters that require drawing to your attention. Baker TilEy Mooney Moore Cbartered Certified Accountants 17 Clarendon Road Clarendon Dock Belfast BTI 3BG Date: O'L2verty Trust 5 April 2023 BALANCE SHEET Page 2023 2022 ASSETS Invesljnents 6(1) 302,359 271,783 Cash in haD(L8 of agents 6(2) 10,937 48,937 313,296 320,720 LIABILITIES Napier & Sons Cunningham Coates Baker Tilly Mooney Moore 646 960 696 1.848 1,606 2,544 NET ASSETS 311,690 318,176 Representing: SETTLED FUND ACCOUNT 223,506 223,506 INCOME ACCOUNT - accumulations to date 88,184 94,670 311.690 318,176 TRUSTEES: Very Rev. B. Daly Very Rev. Thom&s McGlY￿] O'Laverty T￿st 5 April 2023 SEfrLED FUND ACCOUNT Page 2023 2022 Balance at 6 April 2022 223.506 223,506 Balance at 5 April 2023 223,506 £223,506 O'Laverty Tr￿st 5 April 2023 {CO￿E ACCOUNT Page COME 2023 2022 Jnterest Dividends RBS Litigation 677 12,072 1,181 14,588 319 ADMINISTRATION EXPENSES 12.749 16.088 Evelyn Partners Napier and Sons Baker Ttlly Mooney Moore 2,600 2,520 960 2.860 2,520 936 6,080 6,316 6,669 9,772 Loss on Share Disposal (1,705) 43,231 4.964 53,003 ACCUMULATIONS TO S APRIL 2022 DISTRtBUTIONS 99.634 106.570 fr Charles Lavety Mr Paul Lavety Mr c1￿1st0p￿er Lavety Brendan Lavety Mr Philip Lavety Mr Danny Laverty Mr Paul Lavety Mr John Lavety Mr Vernon Laverty Mr Sean Lavety Ms Christine Deegall Mr Robert Lavety Mr Brian Lavety Mr David Lavety Ms Clara Murray 750 1,200 1,000 600 1,250 1,500 500 500 600 600 1.000 1,600 i.000 1.000 750 1,300 600 600 700 1,000 2,000 i.000 1.000 800 500 11,450 11,900 BALANCE AT 5 APRIL 2023 88.184 94,670 O'Laverty Trust 5 April 2023 NOTES TO THE ACCOUNTS VALUATION OF ASSETS 2023 2022 Investments are valued at 5.4.2001 plus additions at cost Appendix I 302,359 271,783 CASH IN IIANDS OF AGENTS Napier & Sons (17) 1,801 Evelyn Partners 10,954 47,136 10.937 12.905 O'Laverty Trust 5 April 2023 Appendix I JNVESTMENT PORTFOLIO Seellri Nominal Amount Book Value 1,000 6,000 12,000 420 16,380 210 15,000 50 4,650 14.000 700 10,000 875 1.000 7,000 10.000 2.950 800 2,550 900 1,140 loo 3,400 5,500 655 380 1,300 4,250 950 10,700 10.350 148 3,070 3,050 9.342 10,369 14,600 6,874 20,062 5,092 1,875 2,168 15,255 14213 9,895 10,342 2298 2,040 10,389 10,265 20,091 5,059 9,928 7,271 7,696 2,784 10,162 15,070 7.582 5.567 4,982 13,609 7.459 10,069 10.061 3,516 6,488 9,886 Aviva Investors BB Healthcare Tn BHP Billiton BNY Mellon Brown Advisory Smaller Co CF Woodford Equity Income Fund Fergllson Fidelity European Trust FtL Investtllellt Svcs Glaxosrnithkjine Greencoat Renewables Haleon Halfords Group HtCL Infrastructure JLEN Envirotllnental Assets JP Morgan American Investtnent Tn￿t JP Morgall Japanese Investment Trust Merchants Trust National Grid Pennon Group Rio Tinto Ruffer InvesiTnent Co Schroder Scottish & Southern Standard Chartered Bank Standard Life Tesco Untted Utttities UK Govt 25% 2025 UK Govt.125% 2024 Verizon Commuaications Vodafone 31 Infrathcture £302359