O'LAVERTY TRUST
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
CHARJTY COMMISSION for NORTHERN IRELAND REGISTRA TION NUMBER: 101080

O'LAVERTY TRUST
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Page
Charity Information
Report of the Trustees
Independent Examlners Report
Statement of Flnan¢lAI Activities
B8lan¢e Sheet
Notes to the Financlal Statements
6 to9

O'LAVERTY TRUST
CHARITY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2024
SETTLOR:
Right Reverend James O. Laverty
DATE OF SETTLEMENT DEED:
1906
TRUSTEES:
Very Reverend Brian Daly
Very Reverend Thomas McGlynn
Fath¢r John O'Lavety (appointed 18 October 2024)
PUBLIC ADDRESS:
Napier & Sons
1-9 Castlc Arcade
Belfast
BTI 5DF
CHARITY NUMBERS:
101080- Charity Commission Nl
ACCOUNTAf4TS:
Baker Tilly Mooney Moor¢
17 Clarendon Road
Clarendon Dock
Belfast
Co Antrirn
BTI 3BG
SOLICITORS:
Napier & Sons
1-9 Castl¢ Ar¢ad¢
Belfast
BTI 5DF
STOCKBROKERS:
Evelyn Partners
The Ewart. 131h Floor
Bedford Square
Belfast
BT2 7EP
Pag¢ I

O'LAVERTY TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 5 APRIL 2024
The trustees are p1¢2sed to present their report together with the financial statements of the charity for the year ending 5
April 2024.
The financial stsl¢ments have been pr¢p8red in accordaD¢e with Accounting and Reporting by Charities.. Statement of
Recommended Practice applicabl¢ to Charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in tlie UK and the Republic of Ireland (FRS 102) (effective l January 2019)- Charities SORP (FRS
102), the Financial Rcporting Standard applicable in the UK 2nd tli¢ Republic of Ireland IFRS 102).
REFERENCE AND ADMINISTRATIVE DETAILS
This information is included on page l of these financial statrments.
O, Lav¢rty Tnist is a charitable organisation in Northern Ireland thac is d¢di¢ated lo the prevention or reli¢f of poverty
and the advan¢emenl of edueation.
PUBLIC BETr4EFIT
The trustees confirnj that they have had due regard for the guidance produced on Publi¢ Benefit by the Charity
Commission for Northern Ireland {CCNJ) and are pleased to r¢port that during the year ended 5 April 2024 they have
¢ontinlled to meet the Public Benefit rcquiremcnt by the provision of progrdmmes and actiyitics as noted in d¢tail¢d
within this trustees report.
Th¢ main a¢tivities undertaken by the charity in the year to 5 April 2024 to further its purposes for the public b¢n¢fit are-
Providing financial assistance to the support and education of catholic boys ag¢d from 11-23 with the surnames of either
Laverty, O'Laverty, Lafferty or O'Lafferty to enable th¢m to achi¢ve a trade or profession.
FINANCIAL REVIEW
During the year the charity has Eenerated ￿ttds of £10.920 (2023.. £12.749) and have in¢urred expenses of £15,630
(2023-. £17,530). The net deficit of £5,789 (2023.. £6,486) has been added to the restri¢t¢d r¢s¢Tves of the charity to leav¢
a surplus on the restricted res¢rves of £305,901 {2023.. £311,690). There were no restricted funds during the year or al
the year end.
TRUSTEES RESPONSIBILITIES
Th¢ trust¢cs are responsible for preparing the Trustees Report and the receipts and payments account and stslemenl of
a5set5 and liabiliti¢s in a¢cordan¢e with applicabl¢ law and regulations.
The trustees are responsibl¢ for k¢¢ping accounting records that are sufficient to show and ¢xpl8in th¢ ¢h2rity's
transactions and disclos¢ with reasonable a¢¢uracy al any tim¢ the assets and liabilities of the charity. They are also
responsible for safeguarding th¢ a55¢1s of the ¢harity and hence for taking reasonable steps for the prevention and
d¢t¢otion of fraud and other irr¢gularities.
APPROVED BY THE TRUSTEES AND SIGNED ON THEIR BEHALF BY:
Very Reverend Brian Daly
Tru51ee
Very Revercnd Thomas
Trustee
lyim
Father Joim O'La
Trustee
Date:
Page 2

O?LAVERTY TRUST,
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
FOR THE YEAR ENDED 5 APRIL 2024
We repor¢ on the accounts of the charity for the year ended S April 2024, which are set out on pages 4 10 9.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
As the charity tnJste¢s you are responsible for the prcparation of the accounts in a¢cordance with the Charitie5 Act
(Northern Ireland) 2008. It is OUT responsibility to..
examine the accounts under section 65 of the Charities Act.
follow the procedures laid down in the gen¢ral directions given by th¢ Charity Commission for Northern Lreland
under section 65191 (bl of the Charities Act.. and
state whether particular matters have come to my attention
Basis of Independent Examiners Report
We have exaTnined your charity accounts as required under section 65 of the Charitie5 Act and our examination was
¢arried out in accordance with general directions given by the Charity Commission for North¢m Ireland under section
65(91 (b} of the Charities Aet. The examiT]ation included a review of the accounting records kept by the ¢harity and a
cotnparison of th¢ a¢¢ounts prescnted with Ihosc rcctsrds. It also includ¢s consideration of any unusual items or
dis¢105ures in the accounts, and the seeking of ¢xplanation5 from you as trustees Concerning any such matter5.
Our role is to slate whether any material matters have come to our attention giving us cause lo believe..
That accounting records were not kept in accordance with section 63 of the Charities Act
2. That the ac¢ounts do not accord with those accounting records
That the a¢¢ounts do not comply with the accounting requirements of the C1]￿lI1e$ A¢1
4. That there is further inforniation needed for a proper understanding of the accoun15 to be r¢ach¢d.
Independent Examiner's Statement
We have complct¢d our 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 Ir¢land, we have found no matters that
require drawing to your att¢ntion.
Baker Tilly Mooney Moore
Chartered Certifi¢d Accountants
17 Clarendon Road
Clarcndon Dock
Belfast
BTI 3BG
Date..
(S M & Zo)LS
Pag¢ 3

O'LAVERTY TRUST
STATEMENT OF FINANCIAL ACTIVITIES
(Incorporating the Income and Expendltur¢ Account)
FOR THE YEAR ENDED 5 APBJL 2024
Unrestricted
Funds
Restrictod
Funds
Total Funds
2024
Total Funds
2023
Income from:
O¢her tradiiig aclivilies
Inter¢st
Dividends
1,258
9,662
1,258
677
12,072
Total 5n¢ome
10.920
12,749
Expenditllr¢ on: (Note 3)
Charitable activities
(15,630)
(15,630)
{17,530}
Total expenditure
15.630
15,630
17,530
Loss of share disposals
1,079
1,705
Net Income #nd (expendlture)
(5,789)
(5,789)
{6,486)
Net movement in funds
(5,789)
(5,789)
(6,486)
Balances brought forward at 5 Aprll 2023
311.690
311.690
318 176
Bal#ne¢s ¢arricd forward at S April 2024
305,901
305,901
311.690
Page 4

O'LAVERTY TRUST
BALANCE SHEET
5 APRIL 2024
05.04.24
05.04.23
Notes
cutUiENT ASSETS
Investmcnts
Cash in hands of agents
298,026
302.359
10,937
313,296
307,547
LIABILITIES
Accruals
1,646
1,646
1,606
NET ASSETS
30S 901
311,690
Representlng:
SEfTLED FUND ACCOUNT
223,506
223.506
JNCOME ACCOUNT
AL¢umulations to date
82.395
88.184
305 901
311.690
APPROVED BY THE TRUSTEES AND SIGNED ON THEIR BEHALF BY:
V¢ry Reverend Brian Daly
Truste¢
Very Reverend Thomas
Truste¢
Glynn
Father John O'La
Trustee
Date:
The notes fonn part of these financial statements
Page 5

O'LAVERTY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2024
ACCOUNTING POLICIES
The financial stat¢m¢nts of this public benefit entity have been prepared in accordance with Accounting and
Reporting by Ch2ritie5.' Siaretnenl of Recomtnended Practi¢e applicable to charities preparing their accounts iu
accordance with the Financial Reporting Standard applieable in the UK and the Republi¢ of Ireland (FRS 102)
(effective l January 2019 - (Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK
and the Republic of Ireland (FRS 102).
The following is a summary of the significant accounting policies adopted by the charity in the preparation of the
financial st2tement$.
lJ)¢ome
All incoming resources ar¢ included in the statement of finan¢ial 2¢1iviti¢s when the charity is entitled to th¢
incotne and the amount ¢an be quantifi¢d with re2stsnable accura¢y. The following sp¢¢ific policies are applied lo
particular categories of income..
Income from events and ¢ourses ar¢ r¢eognised Wh￿ the event or ¢ours¢ has b¢en delivered and the charity
be¢omes unconditionally entitled to the in¢ome.
Expenditure
All expenditure is ac¢ount¢d for on an arcrua15 basis and ha$ b¢¢n cla55ified under headings that aggregate all
costs related to the ¢at¢gory.
Expenditure on raising funds ar¢ thos¢ Costs Incu￿¢d in ittra¢ling voluntary income, and thos¢ incurred in trading
a¢tivities that raise ￿nds.
Expenditure on charitable expenditure comprises the cost of providing support to research bodie5 to further the
charitablc pu￿ose. Together with support costs incurred eentrally and goveTn2nee costs associated with the
governance arrangements of the charity and are priTnarily associated with conslilutional and statutory
requirements. The charity's expenditure on governance costs ensures that the organisation complies with
legislation and best prdctice.
Tgxation
There is no liability to taxation due to the society's charitable status.
Creditors
Cr¢ditOTS and provisions are rccognised where the charity has a present obligation resulting from a past event that
will probably r¢suli in the transfer of funds to a third party and the amount due to settle the obligation can be
measured or estiinaled reliably. Creditors are normally recognised at their settlement amount after allowing for
any trad¢ discounts due.
Fund aecountlng
The charity has varitsu5 types of fvnds for which it is responsible and which require separat¢ disclosure. These
ure as follows-
(l) Restricted funds
Donations receiv¢d which are designated by the donor for specific purpos¢s. Such pu4)oses are within the overall
aim of the charity.
(11) Unrestricted funds
Fiinds which are exp¢ndablc at the discretion of the charity in the ￿rtherallC¢ of the objectives of the charity.
Page 6
continued...

O'LAVERTY TRUST
NOTES TO THE FINANCJAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024
INCOME
Unrestricted Restricted Total Funds
Funds
Funds
2024
Total Funds
2023
Interest income
Dividend income
1,258
9,662
1,258
9,662
677
12,072
10,920
10,920
12,749
EXPENDrruRE
Unrestricted Restricted Total Funds
Funds
Funds
2024
Total Funds
2023
Cost of raising funds
Grants AW2rdcd (note 4)
Support costs
9,450
6,180
9,450
6,180
11,450
6.080
15,630
15,630
17,530
ANALYSIS OF GIL4NTS
2024
2023
Mr Charles Laverty
Mr Paul Laverty
Mr Br¢ndan Laverty
Mr Danny Laverty
Nlr Paul Laverty
Mr John Laverty
Mr Sean Laverty
Ms Christine Deegan
Mr Robert Laverty
Mr Brian Laverty
Mr David Laverty
Ms Clara Laverty
750
1,300
1,300
750
1,200
1,300
600
600
700
1,000
2,000
1,000
1,000
800
500
Ll
600
800
1,200
2,000
1,000
500
9,450
11,450
All grants made were to individuals.
STAFF COSTS
The charity did not have any employees in the y¢ar {2023= Nil) and cons¢quenlly there were no employees who
received mor¢ than £60,000 during the year.
Trustees did not receive any remuneration or expenses during the year (2023.. Nil).
Page 7
¢onlinued...

OILAVERTY TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024
CREDITORS: AMOUNTS FALLJNG DUE WITHIIY ONE YEAR
05.04.24
05.04.23
Accruals
1.646
1.606
INVESTMENT PORTFOLIO
Nominal
Amount
Security
Book Value
AMEC
BB Healthcare Trost
BHP Billiion
BNY M¢llon
Brown Advisory Smaller Co
Fergusoo
Fidelity Eiiropean Trust
FIL Investment Svrs
Glaxosmithklin¢
Greencoal Renewab1¢5
Hdleon
HICL Infrastructure
JLEN EnvironTn¢ntal Assets
JP Morgan Am¢rican Investment TNst
JP Morgan Japanese Inv¢stment Tn￿1
Mer¢hants Trust
National Grid
Pennon Group
Pretnier Miton
Rio Tinto
Ruffer Investment Co
Sehrodcr
Scottish & Southem
Standard Chartered Bank
Standard Life
Tesco
United Utilities
UK Govt.250/. 2025
UK Govt 3.50/. 2025
Verizon Communications
Vodafone
31 Infrastructure
1,000
12,000
420
16,380
210
50
4,650
14,000
700
i 0.000
875
7,000
10,000
2,950
800
2,550
900
1,140
2.500
100
3,400
5,500
655
380
1,300
4,250
950
10,700
10,500
148
3,070
3,050
9,342
14,600
6,874
20,062
5,092
2.168
15.255
14,213
9.895
10,342
2,298
10,389
10,265
20,091
5,059
9,928
7,271
7,696
9,602
2,784
10,162
15.070
7,582
5.567
4.982
13,609
7,459
10,069
10.410
3,516
6,488
9,886
£298,026
Page 8
continued.

O'LAVERTY TRUST
NOTES TO THE FINANCIAL STATEMEf4TS_ continued
FOR THE YEAR ENDED S APRIL 2024
ANALYSIS OF CHARITABLE FUNDS
Fund 2naly$ls
At
5 April 2023
Income
Expenditure
At
5 April 2024
Restricted funds
General funds
311.690
10,920
16.709
305,901
Anilysis of net assets bctwecn the fund5
Unrestrict¢d
funds
R¢slricled
nds
Total funds
2024
Restricted funds
Current assets
Creditors less than one year
GeD¢ral funds
307,547
307,547
305 901
305,901
Pagc 9