Charity re9lstratlon number- 101391 THE BLACK CHARITABLE TRUST TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Mccleary & Company Ltd. The Black Charftable Trust Contents Page Trustees, Report Independent Examlner's Report statement of Financial Activities Statement of Flnanclal Posltion Notes to the Financial Statements The followlng pages do not form part of the statutory accounts: Detailed Statement of Flnanclal Activities io The Black Charitable Trust Trustees, Report For The Year Ended 31 March 2026 The trustees present their report and the flnancial statements for the year ended 31 March 2026. Objectlves and Actlvltles Aims and Objertlves To advance the work of evangelical mi55ionary societtes, whose doctrinal bases are fr>unded on the verbal Inspiration of the scrlptures of the old and new testafflents, as 0￿gInallY given and whose aim is to call sinners in repentance to God to be saved by grdce alone, through faith alone in the Lord Jesus Christ. To fund religious activities, provide overseas aidlfamlne relief, to assist with poverty relief, to finance the supply of rnedicines and médical care and to provide health and general education for both adults and chlldren. Slgnlficant Activities The Charity finances missionary socleties work in the provision of hosplta15 and schools and aids wlth the publicatK)n of literature and provlsion of supplies for such publlcatlons. It also provides financial sUPPOrt for translation of the bible and other rell9ious literature and for the care of orphans and others in need. Financlal Revlew Flnanciaj Posltlon The results for the finanoal year are set out on page 4 and additional notes are provided showing incorne and expenditure in greater detail. Referenc¢ and Administratlve Detslls Trustees Mr William Desmond Black Mr5 Laura Black Charlty Number 101391 Principal Address 3 Ballymullen Road Lisburn Co. Down BT27 5PJ Independent Examiner Elizabeth Charnbers FCA Mccleary & Cornpany Ltd. Chartefftd Accountants and RegIste￿d Audttor5 Garvey Studios 14 Longstone Street Usburn Co. Antrfm BT28 ITP Page I The Black Charitable Trust Trustees. Report (continued) For The Year Ended 31 March 2026 The trustees, report was approved by the board of trustees and signed on Its behalf by.. Mr William Désrnond Black Trustee 29 July 2026 Page 2 The Black Charltable Trust Independent Examiner's Report to the Trustees of The Black Charitable Trust For The Year Ended 31 March 2026 I report to the trustees on my examlnatlon of the accounts of Thè Black Charitable Trust (rhe Trust) for the year enderl 31 March 2026. Responsibilltles and Bas1$ of Report As the charSty trustees yov are responslble for the preparatlon of the accounts In accordance wlth the requirements of the Charltie5 Act {Northern Ireland) 2008. I have examined your charlty aceounts as requlred under section 65 of the Charitles Art and my examination was carried out In accordance wlth the general Directions given by the Charlty Commisslon ffor Northem Ireland under sectlon 651gllbl of the Charllles Act. Independ¢nt Exèmlner'5 Stbtement T have complered my examination. I confirm rhat no materlal matters have corne to my attention in connection wlth the fjxamlnation glving me cause ta belleve th4¢ In any material respect.. l. atcountlng records were not kept in respect of the Trust as required by Sectlon L30 of the Act; or 2. the accounts do not accord with those records,. or 3. the accounrs do not comply with the applicable requlrements concernlng the form and contents of accounts set out In the Charlties (Awcunts and Reports) Reoulation5 2008 other than any requirement that the accounts glve a 'true and fair view. whlch 1$ not a matter consldered as part of an Independent examinatlon. f have no concerns and have corne across no other rnatters in connectlon wlth rhe examina￿On to which attention should be drawn in th1$ report in order to enable a proper tsnderstèndlng ¢f the accounts ro be reached. Elizabeth Chamber5 FCA 29 July 2026 Mccleary & Cornpany Ltd. Chartered Accountants and Registered A￿lItorS Garvey Studios 14 Longstone Street sburn Co. Antrlrn r28 ITP Page 3 The Black Charitable Trust statement of Financial Activities For The Year Ended 31 March 2026 2026 2025 Unrestrlcted Unrestricted funds fund5 Note5 INCOME AND ENDOWMENTS FROM: DonatlOll5 and legacies Investment5 72,500 49,513 40,000 48,080 122,013 88,080 EXPENDITURE ON: Ralsing funds Charltable activities.. 17,2131 17,2811 Other 153) 1217,0001 (521 1218,0001 Donatlons 1224,2661 1225,3331 NET EXPENDITURE BEFORE INVESTMENT LOSSES Net gains on Investments 1102.2531 35,089 (137,2531 27,854 NET EXPENDITURE (67,1641 1109,3991 Gains/{lossesl on revaluation of fixed asset5 Other galns 24,250 93,659 17,9451 NET NOVEMENT IN FUNDS 50,745 1117,344) RECONCILIATION OF FUNDS: Total funds brought forward 1,689,442 1,806,786 TOTAL FUNDS CARRIEL> FORWARD 13 1.740.187 1,689,442 The notes on pages 6 to 9 form part of these financial statements. Page 4 The Black Charitable Trust Statement of Financtal Position As At 31 March 2026 2026 2025 Unre5trlcted funds Total funds Notes FZXED ASSETS Investment Pmpertie5 loo,000 75,750 loo,000 75,750 CURRENT ASSETS Debtors io 16,222 6,205 1,081,943 1,002,846 543,482 606,031 Investments li Cash at bank and Sn hand 1,641,647 1,615,082 Credltors: Amounts Falllng Due Within One Year 12 {1.4601 11,3901 NET CURRENT ASSETS (LIABILITIES) 1.640.187 1.613.692 TOTAL ASSETS LESS CURRENT LIABILITIES 1.740,187 1,689,442 NET ASSETS 1.740,187 1,689.442 FUNDS OF THE CNARITY Unrestricted Funds 1,740,187 1,689,442 TOTAL FUNDS 13 1,740,187 1,689,442 On behalf of the board Mr William Desmond Black Mrs Laura Black Trustee Trustee 29 July 2026 The notes on pages 6 to 9 form part of these financial statements. Page 5 The Black Charltable Trust Notes to the Financial Statements For The Year Ended 31 March 2026 l. General Informatlon The Black Charitable Trust 51 an unlncorporated charity rÈg15tered wlth the Charlty Comrnisslon for Northem Ireland, registered charity number 101391. The prfnclpal address 1$ 3 Ballymullen Road. Lisburn, Co. Down, 8T27 SPJ. 2. Aceountln9 Pollcleg 2.1. Basis of Preparation of Financial Statements The flnancial statements have been prepared in accordance wlth the Charities SORP IFRS 1021 "Accounting and Reporting by Charltles.. Statement of Recommended Practlce appllcable io charitie5 preparing thelr accounts In accordance with the Financial Reportlng Standard applicable In the UK and Republic of Ireland IFRS 1021 leffective I January 20191. Financial Reporting Standard 102 'The Financial Reporting Standard applicable In the UK and Republlc of Ireland" and the Charities Act (Northern Ireland) 2008. The charlty is a Public Benefit Entlty as defined by FRS 102. 2.2. Fund Accounting UnrestActed funds can be used In accordance wSth thè charitable objectlves at the discretion of the trustees. Deslgnaled funds comprise unrestrlcted funds that have been set asi¢Je by the trustees for a specific purpose. Restrlrted funds are ro be used for specific purposes as laid down by the donor. Further explanarion of the nature and purpose of each fun(J 15 included in the notes to the financial staternents. 2.3. Incoming Resources All income is recognised in the Statement of Financial Actlvlties once the charity has entitlement to the funds, it is probable that the income will be received and the amount can t)e measured rellably. 2.4. Resource$ Expended Llabllities are recognised as expenditure as soon as there Is a legal or construcbve obligation committing the charity to that expenditure. it is probable that a transfer of economic benefits wlll be required in settlement and the amount of the obligation can be meaSU￿d reliably. Expenditure is accounted for on an accruals basis and has been classifled under headings rhat aggregate all cost related to the category. Wherè costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources. 2.5. Investment Propertles All investment properties are carried at fair value determlned annually and derived from the current market ￿ntS and investment property yields for comparable real estate, adjusted if necessary for any dSfference in rhe nature, location or conijition of the Specific asset. No depreciatlon is provided for. Changes In fair value a￿ recognised in the statement of financial attivities. 2.6. C•$h and Cash Equivalents Cash and cash equivalents are basic financial assets and Include cash in hand and deposits held at call with banks. other 5hort-term hlghly Ilould investments that mature In no more than th￿e months from the date of acquisition and are readily convertlble to a known amount of cash with inslgnlficant risk of change in value, and bank overdrarts. 2.7. Financial Instruments Financial assets and financial liabilsfies a￿ recogni5ed when the Charity becomes a party to the contrattual provlslons of the instrument. Finandal liabillties and equity instruments are classlfled accordlng to the substance of the contrattual arrangements entered Into. An equity Instrument is any contract that evidences a residual interest in the assets of the Charity after deducttn9 all of its liabilitie5. Recognition and measurement. All financial assets and liabilities are initially measured at transactlon price (including transartion costs), except for those flnanclal assets classified as at fair value through profit or loss, which are initially measured at fair value (which is norrnally the transaction price excluding transaction costs), unless the arr3ngement constilutes a financlng transartion. If an arrangement constitutes a financing trnnsaction, the financial asset or financial liability 15 rneasured at the present value of the future payments discounted at a rtlarket rate of interest for a similar debt instrufflent. Flnancial assets and liabilities are only oftset in the statement of financial positlon when, and only when there exlsts a legally enforceable right to set off the recognised amounts ané Ihe Charity intends either to settle on a net basis, or to reallse the asset and Settle the liability simultaneously. Financial a55ets a￿ derecognised when and only when al the contractual rights to the cash flows from the financial asset expire or are settled, bl the Charity transfers to another party substantially all of the risks and rewards of ownership of the financial assot, or cl the Charity, despite having retained some, but not all, significant risks arKI rewards of ownershipi has transferred control of the asset to another party. Financial liabilities are derecognised only when the obli9ation specified in the corntratt is discharged, cance51ed or expires. Page 6 The Black Charitable Trust Notes to the Financial Statements (continued) For The Year Ended 31 March 2026 2.8. Taxatlon The charity is exempt from tax as all Its income Is charltable and applied for charitable purposes. 3. Income from Donatlons and Legacles 2026 2025 Unregtrlcted Unrestrlrted funds funds Donatlons and gifts Gift aid 50,000 22,500 40,000 72,500 40,000 4. Investment Income 2026 2025 Unrestrl¢ted Unre$trlrt•d funds funds Interest on short-term deposits Dlvidends from investments 28.055 14.438 7,020 23,834 17,226 7,020 Rents recelved from investment properties 49,513 48,080 5. Anatysis of Expendlture 2026 Support costs (see note 6) Ralsing funds other 7.213 53 217,000 Donatlons 224,266 2025 Support costs (see note 61 Rai5in9 funds Other Donations 7,281 52 218.000 225,333 Page 7 The Black Charitable Trust Notes to the Financial Statements (continued) For The Year Ended 31 March 2026 6. Support Costs 2026 Ra15in9 funds Other Donatlons Total Premises expenses General administration 485 6,728 485 223,728 53 217,000 Interest payable 53 7,213 53 217.000 224.266 2025 Ralslng funds Other Don•tlons Total Premlses expenses General administration Interest payable 665 6,616 665 224,616 52 218,000 52 7.281 52 218,000 225,333 7. Independent Examiner's Remuneration 2026 2025 Independent examinatlon of the financial statements 1,390 1,385 Average Number of Employees Average number of employees during the year was.. NIL12025.. NIL) 9. Investment Property 2026 Falr Value As at l April 2025 Revaluatlons 75,750 24,250 As at 31 March 2026 loo,000 Investment property was valued on an open market basls during the year ended 31 March 2026 by the Truste￿. 10. Debtors 2026 2025 Due wlthln on• year Other debtors 16,222 6,205 Page 8 The Black Charitable Trust Notes to the Financial Statements (continued) For The Year Ended 31 March 2026 11. Current AsMt Invéstmènts 2026 2025 sted investments 1,081,943 1,002,846 12. Credltors: Amounts Falling Due Wlthln One Year 2026 2025 Accruals and deferred Income 1,460 1,390 13. Movement in Funds As at l April 2025 Galns and losses A$at31 March 2026 Income Expendlture Unre$trl¢ted funds General.. General unrestrlcted fund 1,689,442 122,013 1189,1771 117.909 1,740,187 Total funds 1,689.442 122,013 1189,1771 117,909 1,740,187 Ag at l Aprll 2024 Galn$ and losses Asat31 March 2025 Income Expendlture Unrestricted funds Generdl.. General ￿n￿strIcted fund 1,806.786 88,080 1197,4791 17,9451 1,689,442 Totsi funds 1,806,786 88,080 (197,479) 17,9451 1,689,442 14. Transa¢ttons with Trustees None of the trustees recelved any remuneration or any other benefits from an employment wSth the charity or a related entity during the current or previous year. No trustee expenses have been Incurred. 15. Related Party Disclosures During the year the trustee's made donations to the charity of £50,000. (2025: £40,000). Page 9 The Black Charitable Trust Detailed Statement of Financial Activities For The Year Ended 31 March 2026 2026 2025 Total funds Total funds INCOME AND ENDOWMENTS FROM: Donatlons and legacies Oonations and gifts Glft ald 50,000 22.500 40,000 72,500 40,000 Investments Rental Income from investment property Dividends from other current asset investments - listed Interest on short term deposits 7,020 l4,438 28.055 7.020 17,226 23,834 49,513 48,080 122,013 88,080 EXPENDITURE ON: Raising funds Preni5es insurance Accountancy fees Consultancy fees 14851 11,3901 {5,3381 {6651 11.385) 15.2311 17.213} {7,2811 Charitable Actlvltle$: other Bank interest payable 1531 1521 1531 {521 Donations Charitable