THE BUSHMILLS TRUST
FINANCIAL STATEMENrs
FOR THE YEAR ENDED
31 DECEMBER 21
CHARITY REG NO: 101319
COMPANY LIMTED BY GUARA￿E￿ AND NOT
HAVING A SHARE CAPITAL
COMPANY NO: N1039041

THE BUSHMILLS TRUST
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
cowrENTS
Page
Administrative d¢tails
Report of the Board of Trustees
Ind¢pendent Examiners. reEM)rt to the Tn
Statement of fll)ancia] activities
Balance sheet
Notes to the financial ststements
10-15

THE BUSHMILLS TRUST
FINANCIAL STATEMEKrs
FOR THE YEAR ENDED 31 DECEMBER 2021
ADMINISTRATIVE DETAU
Charitablt company name
The Bushmills Trust
Chvdrity reference number
NIC 101319
Comp*ny reference number
N1039041
Registered Office
4 Bushfoot Road
Portballintrea
Bushmills
County Antrim
BT57 8RR
Trustees
Denvyn Brewster
Roy Bolton
Ketrie Diane Laverty
Martin Buchanan MacLaine
James Hickinson McAuley - resigned 17 Semember 2020
Roben Allister Mcllroy
Samuel Thompson - reslgned 17June 2021
Ray Mcmullan
Robert Hedley
Lymie Bryce- resigned 18 March 202J
Gary Stewart
Ester Dobbin
Alan Maguire - appointed 16 Semember 202]
Seer¢tary
Kerrie Diane Laverty
Independent Examlner
K Higgins FCA
9 Knockanully Road
martIn￿oWn
Ballymena
BT43 7LZ
Bank¢r8
Bank of Ireland
2 The Diamond
Coleraine
BT52 IDE
I |Page

THE BUSHMILLS TRUST
REPORT OF THE BOARD OF TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2021
The Board of Tntss present their report and financial slatements of the Trust for the year ended
3 l December 2021. The Trustees have adopted the provisions of the Statement of R¢comm¢nded
Practice (SORP) "Accounting and Reporting by Charities" (FRS 102) in preparing the annual re￿rt
and financial statements of the Trust.
The financiaI staiements have been prepared in accordance with the accounting policies set out in
the notes to the fllW]cial statements and comply with the Tn￿l'S governing d(KumenL the Charities
Act (Northern Ireland) 2008. Charities (Accounts and Reports) Regulations (Northern Ireland)
2015, and Chariti¢s SORP (FRS 102) Accounting and Re￿rtIng by Charities.. Ststement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
REFERENCE AND ADMINtSTRATIVE DETAILS
Reference and administrative details arc shown in the schcdule of Trustees of the Trust and
professiona] advisers on page l of the financial statements.
TRUSTEES
The Directors of the Tn￿ are its Trustees for the purpose of charity law. The T￿￿tee5 who served
the company during the year were as follows".
Kerrie Diane Laverty
Denvyn Brewster
Roy Bolton
Martin Buchanan MacLaine
James Hickinson McAuley ReSI￿d 17 September 2020
Robert Allister Mcllroy
Samuel Thompson
Robert Hedlcy
Ray Mcmullan
Lynne Bryc¢
Gary Stewart
Ester Dobbin
Alan Maguire
Resigned 17 June 2021
Resigned 18 March 2021
Appointed 16 September 2021
PUBLIC BENEFIT gfATEMEKr
The Directors of The Bushmills Trust ¢onfimi that they have had due regard for the guidance on
Public Benefit by the Charity Commission for Northern Ireland and are pleased to report that during
the period the Trust continued to provide the Public Benefits through programmes and services on
offer. In particular, the directors consider how planned activities will Contribute to th¢ aims and
objectives they have set.
Public Benefits
The dir¢ct benefits which flow from the objectives of The Bushmills TnLSt are the ownership of an
80-bed youth host¢l, manag¢d by H03t¢lling Int¢rnational Northern and environmental
21Pag¢

THE BUSHMILLS TRUST
REPORT OF THE BOARD OF TRUSTEES (continued)
FOR THE YEAR ENDED 31 DECEMBER 2021
PUBLIC BENEFfT sTATEmE￿r (continued)
protection and improvernents. The Department of the Environmen( in collaboration with The
Bushmills TrusL admini￿ the improv¢ments.
Th¢ Tn]st lists its Charitable pUr￿SeS as:
The advancement of environmental protection or improvement.
The advancement of the arts, culture, heritage and science.
The advancement of citi7Mship or community developm¢nt' and
The advancement of human rights, conflict resolution or reconciliation or
the promotion of religious or raci￿ harniony or equality and diversity.
OBJECTIVES AND A￿1vITIEs
The principal objects of the Tntst are as stated in the Memorandum of Association:
To promote for the public benefit the rural regeneration of Bushmills
village.
The Tn￿ publishes annually the Village Guide brochure listing, with map references. all activitie
places of int¢resL accommodation. resiaurants. bars and shops within 3 miles of the Village. The
Cruide is replicaled in ststic panels in 5 locations in Bushmills including the Park & Ride to th¢
Giants Causeway, Bushmills Distillery, and the Visitor Infornwtion Ccntre,
The Tn￿t ¢ontinu¢s to maintain their internationaIly acclaimed illustrated panels in windows and
doors of vacant building and the wall pl4ues on kn'storic buildings with QR codes so visitors with
mobile phones can access a fuller history. Each year ihe Trust erects the Lamp Post banners
cclebrating mostly famous Y￿p]e with Ulster Scots Origins. Some of the banners are designed by
Children of the village and many are regularly photographed by visitors. Covid p￿cautIOnS in 2021
prevented erection of the Lamp Post banners.
The Trust originally secured finance to construct most of the 17 flower beds in the village and
initially organised planting and maintenance. Causeway Co&st & Glens Council now administsr
most of the planting, but the Tn￿ continues to weed and generally n￿Intain the beds on a voluntary
basis.
The function room of the Bthills Youth Hostel, owned by the Tn￿l continues to provide a very
central meeting wxnt for village adivities and is the indoor venue for the Christmas Light Switch
On evening organised by groups within the Village. The Tn￿ act as bankers and admiIllSter the
income and expenditure for the Christmas Group.
The Trust purchased, in 2016, the fonner National School, a listed building dating back to 1842 and
31Page

THE BUSHMILLS TRUST
REPORT OF THE BOARD OF TRUSTEES (continued)
FOR THE YEAR EIYDED 31 DECEMBER 2021
adjac¢nt to the Visitor InfOrn￿tIOn Centre. The vision is for a Heritage Centre, incorporating the
Visitor Infonnation Centre, hopefully largely financed with a Heritage Lottery Fund grant.
Progress continues to be held back waiting completion of Council's laicsi Strategic Outline Case for
the development of Bthills; incorwrating plans for the villagc to include the adjacent park
ride to the Giant's Causeway. Currently some £7.5M 'levelling up, funds may be available for the
development of Bushmills. To help advance the proce￿ the Trust engaged Landscape Architects to
come up with an attractive pedestrian link between the Park & Ride and the Village. A flier. with a
tcar off slip for comments, w&$ circulated to all neighbours during 'lockdown' and left in all open
retail outlcts. RestKinse was quite limited. but ￿1 Teswnses received were very positiv¢.
STRUCTURE GOVERNANCE AND MANAGEMENT
overnin
Doeument
The Bushmills Trusl is a company limited by guarantee not having a share capital and avails of the
use of 'Limitd' exemption. The Company was Incorpo￿¢d on 01 August 2000. The Trust is
gislered with the NI Charity Commission as of13 January 2015 - Charity No: 101319.
Ydnisgtionydl Structure and related arties
Responsibilities foi the activities of the Trust is vest￿1 in and carried out by a Board of Trustees
which meets at intervals throughoui the period. Trustees may be app()inted by resolution of a
meeling of the Board of Trustees. None of the Trustees r￿e1Ve remuneration or other benefit from
their work with the charity. Any connection bctween a TnL$￿ of the Charity with a contracted
supplier must be disclosed io the full Board in the same way as any other contractuaI relationship
with a related party. In the current year there are no such related party transactions to report.
R¢eruitment a
intment Induction and traini
The B(}￿d of Trustces have been involved in the TnLSt for several years and so are familiar with its
work. The Trustees regularly review the requirements of the Tn￿ and the possibility of a need for
additional Tntstees. Appropriate training and induction are available to all new Tn￿tee8.
Flnanehal rlsk mtdna
ement ob eclives and licies
The Trustees have overall responsibility for ensuring that th¢ Trust has in place an appropriate
system of ¢ontrols. fllwicial and otherwise.
The Trnstees have &8sessed the major risks to which the Trust is exFK)sed, in particular those Telat¢d
to the opwations 8nd finances of the Trust and are satisfjed that systems are in place to mitigate any
exposure to major risks.
AcHIEVEME￿s AND PERFORMANCE
The Company is a non-profit making organisation. Totsl income for the year amounted to £24,773
(2020: £22,793). Income derived from charitable activities atnounted to £24,763 (2020: £22,767)
and other income amounted to £10 (2020: £26). Totsl expenditure for the year amounted to
£22,355 (2020: £25,171).
41Page

THE BUSHMILLS TRUST
REPORT OF THE BOARD OF TRUSTEES (tonlinued)
FOR THE YEAR EIYDED 31 DECEMBER 2021
The net income for the year amounted to) £2.419 {2020: (£2,379)) with net assets of £80,509 {2020:
£78,091) at 31 December 2021. The Trusttts consid¢r that the TnLSt is in a satisfactory position to
carry on its charitsble activities.
PLANS FOR FufuRE PERIODS
There are no major changes ¢nvisaged in the foreseeable firture.
TRUSTEES RESPONSIBILITY STATEMEwr
The Tn￿leeS (who are also the directors of The Bushmills Trust) for the purposes of company law)
are responsible for preparing the Trustees, Annual Rq)ort and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice) including FRS 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland"
The law applicable to charities in Northern Ireland requi￿ the directors to prepare financial
statemenis for each financial period which give a true and fair view of the of the Trust and of the
incoming resources and application of resources. including the income and exp¢nditure, of the Tn￿t
for that period. In preparing these financial slatements. the directors are required to:
select suitable accounting pN)licies and then apply them consistently.
observe the methods and principles in the Charities SORP 2015 (FRS 102).
make judgements and accounting estimales that are re&sonable and prudent.
state whether applicable UK Accounting Standards have been followe4 subject to any material
departures disclosed and explained in the financial statements.
prepare the financiaI slatements on the going concern basis unless it is inappropriate to
presume that the Trust will cL)ntinue in operation.
The Trustc¢s are responsible for keepin8 proper ac£A)uniing records that disclose with reasonable
accuracy al any time the financial position of the Tn￿ and enable them to ensure that th¢ financial
stalements comply with the Companies Act 2(X)6. Charities Acl (Nortbern Ireland) 2008 and The
Charities {Accounts and Reports) Regulations (Northern Ireland) 2015.
They are also responsible for safeguarding the assets of the Trust and hence for tskin8 reasonable
steps for th¢ prevention and detection of fraud and other iryujarities.
In so far as the Trnstees are aware:
there is no relevant infonnation of which the Trust's independent examiner is unaware; and
the Trustees have taken all steps thal they ought to have tsken to make themselves aware of
any relevant infonnation and to establish that the independent cxaminer is aware of that
inforn￿ti0n.
5 |1)age

THE BUSHMILLS TRUST
REPORT OF THE BOARD OF TRUSTEES (¢ontinued)
FOR THE YEAR ENDED 31 DECEMBER 2021
INDEPENDENT EXAMINER
A resolution proposing K Higgins FCA to be re-appointcd as indcpend¢nt examiner will be put
forward at the Annu￿ General Meeting.
SMALL COMPANY EXEMPTIONS
This report has been prepared in accordance with the sp¢cial provisions for smaIl companies under
Part 15 of the Companies Act 2￿6.
Signed, By Order of the Tn￿eeS on 22 Sep*mber 2022:
Registered otTice:
4 Bushfoot Road
Bushmills
Co. Antrim
BT57 8RR
{l(P
Trnstee
61Pagye

THE BUSHMILLS TRU
rfDEPENDENf EXAMINER'S REPORT TO THE MEMBEIiS OF THE BUSHMILLS
TRUST
FOR THE YEAR ENDED 31 DECEMBER 2021
I report on the accounts of The Bushmills Trust for the year ended 31 Decemkr 2021 as set out on
pages 8 to 15.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND INDEPENDENT EXAMINER
The Trustees (who are also the directots of The B￿1)MillS TnLSt) are responsible for the preparation
of the accounts in accordance with the requirements of the Companies Act 2006. It is my
r¢sponsibility to:
cxamine the accounts under section 65 of the Charities Act (Northern Ireland) 2008.
follow the proc¢durcs laid down in the gcnernl Directions given by the Charity Commission
for Northern Ireland under section 65(9)(b) of the Charities Act.
state whether any 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 Charlty
Commission for Northern Ireland under section 65(9Kb} of the Charities Act. My examination
included a review of the accounting records kept by the Ch8rity and a comparison of the accounts
presented with those records. It also included consideration of any unusual items or disclosures in
the accounts and seeking explanations from you as Trustees concerning any such matters.
My role is to slate whether any material matters have come to my attention givin8 me cause to
believe:
l. That ac¢ounling records were not kept in accordanee with section 386 of the Companie5 Act
2006
2. That the ac￿untS do not accord with those accounting records
3. That the accounts do not comply with the accounting requir¢ments of section 396 of the
Companies Act 2006 and with the methods and principles of the Charities Statement of
Recommended Practice applicable to charities pr¢paring th¢ir accounts in accordance with
the Financial Reprtin8 Standard applicabl¢ in the UK and Republic of Ireland.
4. That there is further inforn￿tIon needed for a proper understanding of the accounts to
reached.
INDEPENDENT EXAMINER'S STATEMENr
I have Completed my examinalion and have no concerns in respecl of matters (l ) to (4) listed above
and, in comiection with following the directions of the Charity Commission for Northern Irelan￿ I
have found no matters that require drawing to your attention.
K Higgins FCA
9 Knockanully Road
Martinstown
Ballymena
BT43 7LZ
DATE:
22 Septemb¢r 2022
71Pag¢

THE BUSHMILLS TRUST
STATEMENT OF FINANCIAL AcfiviTIES
FOR THE YEAR ENDED 31 DECEMBER 2021
Totsl
Funds
2021
Total
Funds
2020
Unrestricted
Funds
Restricted
Funds
No¢¢
Income from:
Donations and leg￿1¢$
Charitable activities
Other trading activities
24,763
io
24,763
io
22,767
26
Total Income
24,773
24,773
22,793
Expenditure on:
Charitable activities
Other costs
22J55
22J55
25,171
Total expenditure
Net income
25.171
2,419
2A19
(2,379)
Transfers between fuDds
Net movement in funds
2,419
2.419
(2,379)
R¢eon¢iliatlon of fvnds:
Totsl funds brought forward
Funds reallocated to C￿dItorS falling due
after one year
Totsl fuDds cArrl¢d forward
78,627
(536)
78,(191
80,469
81,045
(536)
80J09
78,091
The Trust has no recognis¢d gains or losses in the year other than those included in the Ststement of
Financial Activities.
All th¢ operations of the Tn￿l are cl8&8cd as conlinuing.
811'a&¥¢

THE BUsH￿LLs TRUST
BALANCE SHEET
AS AT 31 DECEMBER 2021
2021
2020
Note
Fixed asgets
Tangible assets
638JOI
659.545
Current assets
Cash at bank and in hand
81,783
71,801
Credltors: amounts falling due within one yeAr
Net eurrent 48sets
720,284
720284
71,801
731,346
Totsl a8$¢ts less Current liabilltks
Credltors: amountB falling due after one year
Aceruals and Deferred Income
Net assets
(497)
(652,758)
78,091
639,774
80J09
Charity Funds
Total funds
80J09
78,091
The DirectOTS are satisfied that the Company is ¢ntitled to ¢xcmption from the provisions of the
Companies Act 2006 (the Act) relating lo the audil of the financial slatements for the year by virtue
of section 477{2) T¢lating to small companies, and no member or members have requested an
audit pursuant to section 47611) of the Act.
The Directors acknowledge their resw)nsibilities for Complying with the ffquirements of the Act
with respeci to accounting retords and the preparation of accounts.
Approved and authorised for issue by the Trustees and are signed on their behalf by:
Mr Roy Bolton. Trustee
Ms Ke￿ie Laverty, Tn￿lee
The notes on pages 10 to 15 fonn part of these financial statements.
91Pa¥e

THE BUSHMILLS TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
I. ACCOUNTING POLICIES
(a) General information and basis of
re
Ydration
The Bushmills Trust is a charitable company limited by guardn*c and does not have any share
capital. It regist¢red &8 a charity with The Charity Commission for Northern Ireland on 13
January 2015 and it is incorporated in Northern Ireland. The address of the regis*red office is
given in the charity infonnation on page l of these fllLgn¢iaI statements.
The Trust constitutes a public benefit entity as defined by FRS 102.
Statement of com liance
Th¢ financial statements have been prepared in compliance with Accounting and Reporting by
Chariti¢s: Stat¢ment of Recommended Practice applicable to Charities preparing their accounts
in accordance with the Financial Rep)rting Staodard applicable in the United Kingdom and
Republic of Ireland (FRS 102). Charities Act (Northern Ireland) 2008. the Charities (Accounts
and Reports) Regulations (Northern Ircland) 201. the Companies Act 2006 and UK Genernlly
Accepted Practice.
The financial 3tatements were prepared on the acc￿￿15 basis for the year ended 31 December
2021.
The significant accounting policies applied in the preparntion of these financial statements are
set out below. These ￿liCI¢S have been consist¢ntly applied to a]1 periods presented unless
otherwis¢ stated.
These financial slatements have b¢en prepared under the historical cost Conventio￿ as modified
by the r¢valuation of investhients.
(b) Funds
Unreslricledfynds..
General funds are available for usc at the discretion of the TnL8tees in fillther&n¢e of the general
objectives of the Trust which have not been designated for other puryx)se.
Restrictedfvn(ts..
These are fimds that can only b¢ used for particular restricted purp>ses within the objects of the
Trust. Restrictions arise when specified by the donor or when th¢ funds are raised for particular
PUryK)ses.
IOIPage

THE BUSHMILLS TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2&21
I. ACCOUNTING POLICIES (conlinued)
(e) Income reco
itiOD
All incoming r¢sources have been includejj in the financial statements using the accruals b&sis
except for donations, legacies and bequests which are included in the financial statements
using the receipts b&sis.
Income from government and other grants are recognised at fair value when the Tn￿t has
entitlement after any perfornLqnce conditions have ken met.
Incon]¢ from chariLqble activities includes income earned fiDm fundraising events and trading
activities to raise funds for the TrusL Income is received in exchange for supplying goods and
services to raise fimds and this is recognised when entitl¢meni has (￿Curred.
iture reco
nillon
All expenditure is accounted for on ￿n￿lS basi$ and h&8 be¢n classified under headings that
aggregate ail costs related io the cat¢gory. Expenditure is recognised where there is a legal or
constructive obligation to make payments to third parties, it is probable that the settlement will
be required and the amount of the obligation can be mwured reliably.
It is categorised und¢r the following headings:
Expenditure on charitable activities includes those costs Incu￿ed by the
Trust in thc dellvery of its activities and services for its benefictaries. It
includes iK)th costs that can be allocafrd directly to such activities and
those costs of an indirect nature necessary to support them. and
Other expenditure r¢pr¢sents those Ilen￿ not falling into the categories
above.
All costs are allocated b¢twe¢n the expenditure categories of the SOFA on a b&sis designed to
reflect th¢ use of th¢ resource.
(e) D btors Ydn
edit
reeeivable I
gble within one
ear
Debtors and creditors with no stated interest rate and receivable or payable within one year are
recorded at transaction price. Any losses arising from impairnlent are recognised in
expenditure.
(fj Tan ible Fixed assets
Tangible fixed assets a￿ stated at cost less accumulated depreciation and accumulated
impairnient losses. Depreciation is provid￿ on all tangible fixed assets, at rates calculated to
write off the cosL less eStim￿ed residual valu¢, of cach &sset on a systematic b&8is over its
expected useful life as follows".
Freehold Buildings
Fixtures & Fittings
2.￿/0 Straight Line
15.1Y/o Reducing Balance
11 |PagTe

THE BUSHMILLS TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
I. ACCOUNTING POLICIES (conlinued)
airnient
Ass¢ls not measwed at fair value are reviewed for any indication that the asset may be
impaired at each balance sheet date. There are no issues not¢d with impairn]ent of ￿SetS for
the peTiOd.
Grants towards capital expenditure are credited to deferred revenue over the expected useful
life of the assets. Granis towards revenue expenditu￿ are creditrd to the SOFA as the related
expenditure is incurred.
{1) Tax&tion
No provision is required for t￿atiOll as the TnLSt is defined as a charitable company for
taxation pwposes.
ti) Goin
coneern
The financtal statements have been prepared on a going concern basis as the Trustees believe
that no material uncertainties exist. The Trustees have considered the l¢vel of funds held and
the expected level of income and exwlditi￿c for 12 months from authorising these financial
statements. The budgeted income and expenditures are sufficient with the level of resources
for the Tn￿ to Et able to continue as a going concern.
2. INCOME FROM CHARITABLE ACTIVITIES
TotAI
Funds
2021
Total
Funds
2020
unrestrict￿ Re8tri¢ted
funds
funds
YHANI
Rents receivable
Deferred Grants
Rural development Programme
Community SupEKIrt
667
4300
13,034
6,667
43110
13,034
6,667
2,800
13.300
24.763
24.763
22,767
121Page

THE BUSHMILLS TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR EIYDED 31 DECEMBER 2021 (eonlin4ed)
INCOME FROM OTHER TRADING AcfiviTIES
Total
Funds
2021
Total
Funds
2020
Unrestrieted Restricted
nds
funds
National Tn￿ & Community
Activities
io
io
26
4. ANALYSIS OF EXPENDITURE ON CHARITABLE A￿1VITIEs
Total
Funds Totsl Funds
2021
2020
Unrestricted Restricted
rund$
funds
Projects
Fomier National School
tnsuranc¢
Bank Fees
Accountancy Fees
General Expenses
Donations
D¢preciation- Freehold Prop¢ty
D¢preciation- Fixtures & Fittings
1,488
548
115
385
186
1.385
20,934
131
739
739
385
385
20,934
20,934
22J55
22J55
25,171
5. OPERATING PROFIT
Owating Profit is stated after Charging:
2021
2020
Depreciation of tangible fixed assets
and after ¢rediting
DefeTr¢d grants
21,045
21,065
(13,034)
(13,300)
131Page

THE BUSHMILLS TRUST
NOTES TO THE FINANCIAL STATEMENIS
FOR THE YEAR ENDED 31 DECEMBER 2021 (conlinued)
6. TAXATION
The Awiation is registered for VAT and a￿rdingly. all their expenditure is exclusive of
VAT incurred.
7. TANGIBLE FIXED A&SETS
Freehold
Building
Fixtures &
Flttiny
Cost
At l January 2021
Additions
Total
1.046,709
15,528
1.062,237
At 31 December 2021
1,046.709
15,528
1,062,237
Depreeiation
At l January 2021
Charge for the year
At 31 DKember 2021
387,903
20.934
14,789
402,692
21.045
408.837
14,9(K)
423,737
Net book value
At 31 December 2021
637072
628
638,SOO
At 31 December 2020
658,806
739
659,545
8. CREDITORS: amounts fAlling due After one ye•r
2021
2020
Christmas Lights Group
497
497
9. ACCRUALS & DEFERRED 11¥4COME
2021
2020
Deferred Capital Grant
Trddc Creditors
VAT
638,679
385
710
651,713
385
659
639,774
652,758
141Page

THE BUSHMILLS TRUST
NOTES TO THE FINANCIAL STATEMEiYrs
FOR THE YEAR ENDED 31 DECEMBER 2021
9. ACCRUALS & DEFERRED INCOME (eontiDlled)
Deferred Capltal Grants
Balance At l January 2021
Amortisation in the Year
BaIance At 31 Decemb￿ 2021
651,713
638,679
10. RELATED PARTY TrANSACTIONS
There were no related paty transactions during the ￿lod (2020 - £Nil).
11. ETHICAL STANDARDS
In common with many other organisations of our size and nature, we use our independent
examiner to pr¢pare and assist in the p￿paration of the fllwicial stslements.
12. TRUSTEES AI¥4D KEY MANAGEMENT PERSONNEL REMUNERATION AND
EXPENSES
Th¢ Trustces neither ￿e1Ved nor waived any remuneration durin8 the year and none ar¢
accruing pension benefits. The key management personnel are the Trustees and the total
amount of employee benefits rec¢ived by key management personnel during the y¢ar was £nil
{2020: £nil).
There were no staff employed by the T￿￿t during the yeor.
13. SHARE CAPITAL
The company is limited by guarantee havin8 no share capital.
151Page