The Meeley Family Forelgn Misslons Benevolent and Educational Trust
Statement of fmancial actlvities
For the year ended 30 June 2023
Restricted
funds
2023
Total
funds
2023
Total
funds
2022
Note
Income from:
Investments
2,328
2?28
9,368
Total Income
2,328
2,328
9,368
expenditure on:
Cliarilable actiiiities:
Direct costs
Governance costs
453
453
6,590
4,373
5.530
5,530
Total expenditure
5.983
5.983
10.963
Net expenditure before net gainslllosses) on
investments
(3,655)
3.181
(3,655)
3,181
(1,595)
(11.492)
Net gain5/0 ) on investhients
05ses
N•t Movèrnent in funds
(474)
(474)
(13,087)
R•conciliation of funds:
TotAI Eunds biought f0ThVf￿a
Net moiFcmcnt in tunds
154,088
(474)
154,088
(474)
167,175
(13.087)
Total funds carried fonNard
153,614
153,614
154,088
All amounts relate to continuing operations.
Tlie Statement of finAnctal activities indudes all gains 2nd losse5 recogni5ed in the year.
The notes on pages 9 to 15 form part of these financial statements.
Paje 7

The Meeley Family Foreign Missions Benevolent and Educational Trust
Balance sheet
For the year ended 30 June 2023
2023
2022
Note
Fixed assets
Investments
151,417
150,798
Cxsli at bank And in h2nd
4,597
3,890
4,597
3,890
Creditors: amounts falling due ivithin one year
(2,400)
(600)
Net current assets
2,197
3,290
Total net assets
153,614
154,088
Charity funds
Restricted fund5
io
153,614
154,088
Total funds
153,614
154.088
Tlie financial stAtcmcnts have been prepared in accoIdAnce ividi die provisAons of FRS 102 IA - smxll cntitic5.
Tlie financial statement5 Ivcrc Approved and autiiotised for issue by die Trustee on 29 Apxtl 2024 and signed on
tlieir bc1114 IE b)".
Cleaver Fiilton
(riustee)
Ankin Triistces Limited
Tlie notes on pages 9 to 15 form part OE these financial ststcments.
P8ge 8

The Meeley Family Foreign Misslons Benevolent and Educational Trust
Notes to the financial statements
For the year ended 30 June 2023
General Information
Tlie fvleeley Famil), Foreign fvlissAons Benevolent 2nd EducationAI T￿st is an unincoIpoiAted trust. Its
principal office is 50 Bedford Street, Belfast, BT2 7NV, and it lias a di*rity registsation number of 101438.
Accountlng poIiGies
2.1 Basis of preparation of financial statements
The financial statements are prepared on a going concern basis, under die histoiicAI cost convention
unless otheThvisc noted in the accounting poliues beloiv. They 112ve been prepared in accordance ividi
applicable laiv and accouniing standards issued b}, die Financial Reporting Council, including f4RS102
"Tlie FinAncial Reporting Standard Applicable in die UK 2nd Republic of Ireland" C'FRS102'), And tlie
Statement OF Recommended l)ractice _ Accounting and Reporting by ChArities, eEfective l JAnuaK3, 2019
("SORP').
Tlie financial statements are prepared in steiiing (O.
The ￿ICe1cY Family Forcign Mission5 Benevoknt 2nd Education31 Twst constitutes a public benefit
enttty as defined by fRS 102.
2.2 Going concern
After making Appropriatc enquiries. the trustees h21re a reasonable expectation tl)at tlie Tmst l)as
dequate resources to continue Jn operational existence foi tlic for5evAble future. For this reason tliei,
continue to adopt the going concern basis in preparing the financi21 statements. Furthcr detxiis
regarding tlie adoption OE the going concern basis can be Found in tlie Accounting Policices.
2.3 Income
All income 15 tecognised once the Twst lias entideinent to thc Ancoinc, it is ptobable diat tlie income
viu be received and tlie ￿n0￿￿t of income rcccivablc can be measured ieliabl),.
Investment income is included ivlien ieceivabk.
2.4 Expendittite
ExpendituIe is recognised once d)ere is a leg81 oi constructive oblgation to transler economtc benefit to
a third partyi it is probAblc th%Lt a transler of economic benefits ivill be required in settlement and thc
amount of dic Obl￿￿tiOn can be mvAsured reliabl),. Expenditure ts dassificd by activity. Tlie costs of
eacli activity 2re made up of die total of direct costs smd sliared costs. including support costs inirolved
in undertaking each Activity. Direct costs attributable to a single activity are allocated direcd), to that
Activity. Shared costs Trvhicli contributc to more than one acuvAry and support costs ivliich are not
ttributable to IE singlc activit5r are apportioned behveen those activities on A basis consistcAt ivitli tlie
use OE resowces. Centrnl stAff costs 2re allOc￿ted on die basi5 of time spent. and depreciation cliarges
llocated OA die poition of die asset's use.
GoiTernance costs include those costs associated ivith meeting the constitutional and Sta￿tOry
requirements of the trust.
All expcndAture is inclusiire of Arrecoverable VAT.
P￿e9

The Meeley Famlly Foreign Missions Benevolent and Educational Trust
Notes to the ffftancial statements
For the year ended 30 June 2023
Accountlllg policies (continued)
2.5 Investments
Fixed asset iniTestmcnts ￿[e A foIm of financial insttument and Are initi2ll)T recognised at thetr tr2ns2ction
COSt and subsequendy measuted at fait vAlue at tlie Balance shect date, unless die I￿l￿e cannot be
measured rciiabl), An ivlucli case it is measured at cost le55 ￿￿P￿MeTht. Inirestment gains and losses.
vlicther reqlised or unrealised. are combincd And presented as 'GaAns/(Losse5) on inircstmcnts, in tlie
Stitement of financiAI Actsvities.
2.6 Cash at bank and in hand
CAslI at bAnk 2nd in Iiand includes cash and short-term highly liquid investmcnts ivith A short n]aturity
of tliree month5 01 less from d)e d2te of acquisition or opening of die deposit or slmslar 2ccount.
2.7 Liabilities and ptovisions
Liabilities are recognised ivhcn tliuc is an obligAtion at tlie Balancc slicet dAte as i result of a pist eirent,
it is probablc tliat a trAns£er of econotnic benefit ivill be reqll￿ed iti setdement, and tlie amount of tlie
Sctdenient can be estiniated ieLiabl)'.
Ltabilities ¢ire recogtkised at the amount diat tlie Trust AnticipatCS It iVAll pa}r to setde die debt oi tl)e
2Lnount it lias reC￿ved as advanced pa}rmcnts for die goods or seivices it must ptovÉde.
Piovisions are meAsured at tl)e best estimatc OE tlic amounts iequired to settle tlic obligation. Ivliuc tlie
effect ol thc timc value OF mone}F ￿ material, thc proiri5ion is based on die present irll lue OE tliose
amoiints, discounted at the pre-tax discoiint iate tliat reflects tlie risks specific to tlie liabititi,. Tlic
univinding of tlie discoiint As iecogniscd in dic Statement ol fmaAciRI Activitics ￿S q finince cost.
2.8 Flind accoiinting
General Eunds are unrestricted funds ivhich re availablc for use at the discretion of tlic TtU5tec in
furtlierance ol tl)e gencr%d objcctiiTes of die Trust and ivliicli liave not been designated for otlie
purposcs.
Restricted funds are ￿ndS ivllich aic to be used In accordance ividi specific restrictions iinposed b},
donors or ivhich have been raised by the Trust for particular Pu￿Oses. Tlie costs of riising 2nd
administering sucli funds are char8cd qgainst die specific fuad. Tlic aim l￿d use of eacli Iestrlcted fund
is set out AA tlic notc5 to the financi21 statement5.
Page 10

The Meeley Famlly Foreign Mlsslons Benevolent and Educational Trust
Notes to the financial statements
For the year ended 30 June 2023
Critical accounting estimate5 and areas of judgement
Estimates and judgements 2re continuall}i eV￿￿￿tea 2nd are b25ed on l)istorical experiencc And odier fxctors.
including expectations of future events that are believed to be Ieasonable llAd￿ the circumstAnces.
Critical accountin8 estimAtes and Assumptions:
Tlie Trust mqkes estim2tes and 2ssumptions conccrning the fi]ture. The resulting accounting estimll tes and
stS5umptions ivill. by dcfinition, scldom equal the ielated actual results. The estimates and Assumption5 tliat
Iiave g significAnt risk of causing a material 2djustment to the caw'ing arnounts of a5SCt5 and liabilities ivitliin
the next t￿￿ncIal yeAr Are discussed beloiv.
Falt valiie of investments
Uses various iTaluation techniques to deten￿lne tl)e fair value of financial Jnstruinents (Iv11￿e actiiTe mArket
quotes are not airali2ble) and non- fin2ncial assets. This involves developAng c5timAtcs and assumptions
consistcnt ividi hoiv markct paittcipants Ivold price the insttument. The ttustees bases its assumptions on
obseryrable datft as Far as possible but this is not aiFaliable. In that case, Inanagcment uses dje best
infoiinAtion Av%diable. Estimated fair iTalues mA}r vary from the Actual prices tli2t ivould be acliieved in
arm's lenght transaction at the repoKting date.
Investment incomg
Restricted
funds
2023
Total
fiinds
2023
Listed inve5ttnents
2,328
2,328
Total 2023
2,328
2,328
Restricted
funds
2022
Total
fuThd5
2022
Listed investments
9,365
9,365
Investment Ancome - other
Tot212022
9.368
9,368
Pagell

The Meeley Famlly Foreign Mlsslons Benevolent and Educational Trust
Notes to the fmancial statements
For the year ended 30 June 2023
Analysis of expendlture on charitablo activlties
Siiinmary by fiind type
Restricted
fiirtids
TotRI
2023
2023
Disbursements to bcneficiary
Invcstment expenses
Legal and professional Eees
453
453
1,885
3,645
1,885
3,645
Total 2023
5,983
5,983
Restricted
funds
2022
Total
2022
Disbursement5 to bcneficiary
InvcstmeTht expenses
Legal and professional fees
6.590
2,495
1.878
6.590
2,495
1,878
Total 2022
10.963
10,963
Independent examiner's remuneration
2023
2022
Fees payablc to the Trnsgs independent examincr for the independent
cxstmination of the Tmsd5 annual accounts
1,800
600
Resources expended
During the year, no Trustees ieceiiFed an)F rcn]uneration (2022 _ £NIL).
During tlie }Tear, no Trustces rec￿Ved any benefits in kind (2022 - £NIL).
During the year, no Tru5tccs rcceived any retmbursement of expeA5C5 (2022- £NIL).
As detailed in Note 12, the Tmstees received remunerAtion for servAces rendered to tlic Trn5t in dic current
year.
Page12

The Meeley Family Foreign Missions Benevolent and Educatlonal Trust
Notes to the fmancial statements
For the year ended 30 June 2023
Flxed asset investments
IASted
investtncnts
Cost ot valiiAtton
At l Jul), 2022
Additions
150,798
84,699
(87,262)
3,181
Disp05als
Rcvaluations
At 30 June 2023
151,417
Net book valiie
At 30 June 2023
151,417
At 30 June 2022
150,798
Creditors: Amounts falling due within one year
2023
2022
Acuusa5 and deferred incomc
2,400
600
Page 13

The Meeley Family Foreign Mlsslons Benevolent and Educational Trust
Notes to the ffftancial statements
For the year ended 30 June 2023
10.
statement of funds
statement of funds - current year
Balance at I
Gains/ Balance at
(Losses) 30 Jiiiie 2023
July 2022
lttcome Expcnditiite
Restricted fiiiids
Restricted Fund5 - all funds
154,088
2J28
(5,983)
3,181
153,614
statement of funds - prior year
BAIAnce at
Gains/
Balance At
(Losses) 30 June 2022
l July 2021
Incoine Expenditurc
Restticted fiinds
Rcstricted Funds - All [L￿d5
167,175
9.368
(10,963)
(11.492)
154,088
Page 14

The Meeley Family Foreign Missions Benevolent and Educational Trust
Notes to the financial statements
For the year ended 30 June 2023
11. Analysls of net assets batween funds
Analysis of net assets between funds - current year
Restricted
fiiiids
Total
fiiiids
2023
2023
Fixed asset investments
151.417
4.597
(2,400)
151,417
4,597
(2,400)
Current assets
Crcditors due ivithin one year
Total
153,614
153,614
Analysis of net assots bètwèèn funds - prior year
Restricted
funds
2022
Total
Eunds
2022
Fixcd assct invc5tmcnts
150,798
3,890
(600)
150,798
3,890
(600)
Current assets
Creditors due ivithin one year
Total
154.088
154,088
12.
Related party transactions
During the )ieir to 30 June 2023. le831 fees of £1,845 (2022.. £1.200) IVA5 paid to Cleaver Fulton R2nkin
solicitois. Cleavei Fulton Rankio Tiustec5 IAmited is a sole corporate trustee 0£ the trust.
Page15