WILLIAM WILSON WILLIAM WILSON Chartore(l Accountants 25 Shore Road Holywcod BT18 *IX +4410128 9592 0240 www.wwaccountancy.com Lunn's Charitable Trust Unauditsd Financlal Statements 28 February 2021 Charity Registration Number: 101SS9 Lunn's Charitable Trust Financial Statements Year ended 28 February 2021 Page Trustees, annual repart Independent examine￿$ ￿pOrt to the trustees Statement of financial actNities ststement of financial position Notes to the financial statements Tho followlng page d¢)es not fomi part of the flnanclal stal8mont8 Detailed statement of financial actwilies 11 Lunn's Charitable Trust Tru$tse$' Annual Report Year ended 28 February 2021 The trustees present their report and the unaudited financial statements ofthe Charity for the year ended 28 February 2021. Reference and adrninlstrdtlve delalls Registèred charity name Lunn's Charitable Trust Charlty registratlon number 101559 Prin¢ipal offi¢0 clo John H Lunn (Jewellersl Limiled 13-21 Queen'5 ArGade Belfast BT1 SFE Thg trustees MrPJLunn Mr W McKeown Mrs V Ingram Accountants Iliam Wlson Chartered Accountants 25 Shore Road Holywood Co Down BT18 9HX Structur01 governance and managoment The charity's governing docurr*nt is a trust deed. The objects of the charity are detailed in the obl￿tiveS and activities paragraph below. Obio¢tiv•s and activities 1. Charitsble purposes The income of the trust shall be applied in making grants and donations ft>r any charitable Pu￿e$ including in particular the advan¢ernent of education, the relief of poverty, the protection and preservation of health. the ￿lief of the aged and disabled persons. the protection of the natUTal environment. the provision of focilities for recreation or other leisure b'me occupation in the interests of social weltare, the promob'on of urban andlor rural regeneration in areas of social and economic deprivats'on for the beneffts of inhabitants of Northern Ireland and the remainder of the United Kingdom. 2. Charitable activities Lunn's Charitable Trust is a grant making charity and its charitable activrties are as follows: Providing grants to organisations for specffic projects to help towards the advancement of education. Providing grants lo help improve the environment through either the protection of the natural environment, the provision of fa¢ilib"es for recreatDn or other leisure time occupat￿n$ in the interests of social welfare or the promotion of urban andlor rural regeneration in areas of social or econom￿ deprivation. Lunn's Charitable Trust Trustses. Annual Report (conllnu8d) Year ended 28 February 2021 Providing grants to organisations for specific projects to help with the ￿lief of povety, ill health, the aged or disabled persons. Achievements and performanc• The charity was dOrn￿nt during the year but the Iruslees envisage that the charity will comnKnce its charitable activities in the near future. Public Benefit The charity was dormant duTing the year but the charity will oFerate for the public benefit when charitable acts'vities Cornmen￿. The trustees have had regaTd to the Charity Commission (Nothem Ireland) guidance on public benefrt in managing the activities of the charity. Appointment of Charlty Trusloes The charity shall actively proffK*te a board of trustees which include a range of skill. experience and knowledge in keeping with pursuance of its objects. Flnanclal revlew As at 28 February 2021 the tharity hold5 an amount of £1,335 in reserves. This is to ensu￿ that the is adequate cover for any contingencies. The trustees. annual ￿port was approved on 4 October 2021 and signed on behalf of the board of trustees by: Mr W McKeown Trustee Lunn's Charitable Trust Independent Examiner's Report to the Trustees of Lunn'8 Charltable Trust Year ended 28 February 2021 I report on the financial statements for the year ended 28 February 2021, which comprise the statement of financial activstses, $talemenl of financial poSit￿n, and the related notes. Respectlvo re8ponslbllltles of trustees and exarnlner As the charity's trustees you are responsible for the preparation of the xcounts in a¢cordan¢e wtlh the Charities A¢t {Northern Ireland) 2008. It is my responsibility to.. examine the accounts under section 65 of the Charitie5 Act.. to follow the procedures laid down in the general Directions given by the Charity Commissron for Northern Ireland under sectKJn 6519)Ibl of the Charities Act,. and to state whether particular matrers have come to ry attentK)n. Basls of independent examinerfs report I have examined your charity accounts as required under section 65 of the Charities A¢t and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northem Ireland under section 6519)Ibl of the Charities Act The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented wrth those records.11 also included consideration of any unusual items or disclosu￿5 in the a¢¢ounts, and Seeking explanations from the trustees Gonceming any such matters. My rob is to state whether any material matters have come to my attention giving cause to believe.. That accounting records were not kept in accordance with section 63 of the Charities Act That the accounts do not a¢¢ord with those accounting records That the accounts do not comply with the accounting requirements of the Charities Act That there is fvrther information needed for a proper understanding of the accounts to be reached. Independent examiner's statement I have Completed my examination and have no concems in respect of the matter$11) 1014) listed above and, in Gonnection with following Ihe Directions of the Charity Commission for Northem Ireland, I have found no matters that require drawing to your attention. Wllllam M180n 4 October 2021 William Wilson Chartered A¢¢ountants 25 Shore Road Holywood Co Down BT18 9HX Lunn's Charitsble Trust Statsment of Financial Activities 28 February 2021 2021 Unrestricted fiJnd$ Total funds Total funds 2020 Notè In¢oming rowurces Investmenl income Total incoming re80ur¢e8 R850urces •xp•nded Expenditure on Charitable actNitie$ Total rosourc08 oxpended 18 18 18 18 18 18 Net Ioutgolngl Ilncomlng resources (17) 1171 1171 Reconcillatlon of funds Total fvnds brought fofftrd Total funds ￿rri•d forward 1.352 1.335 1,352 1,369 1,352 1.335 The ststement of financial activities include5 all gains and losses recognised in the year. All income and expenditure derive from continuing acbvities. Thè notès an pAg•s 6 to 9 fonn part of these financlal $tatements. Lunn's Charitable Trust Statemont of Financial Position 28 February 2021 2021 2020 Currgnt assets Cash at bank and in hand 1.335 1,352 Not a$$gts 1,335 1.352 Funds of the charity Unrestricted funds 1,335 1,335 1.352 Total charity funds 12 1,352 These financial statements were approved by the board of trustees and authoris&J for issue on 4 October 2021. and are signed on behalf of the board by: Mr W McKeown Trustee The notes on pages 6 to 9 forni part of these financial statements. Lunn's Charitable Trust Notes to tho Financial Statements Year ended 28 February 2021 General information The charity is registered charity in Northern Ireland and is unincorporated. The address of the principal office is clo John H Lunn (Jewellgrs) Limited, 13-21 Queen'5 Arcade, Belfast, BT1 5FE. Slatement of GornplianGo These financial statements have been prepared in compliance with FRS 102. The Financial Reporting Standard applicable in the UK and the Republic of ITeland' {as applied lo small entities by section 1A of the standard) , the Statement of Recommended Praclice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP {FRS 10211 and the Charities Act {Northern Ireland) 2008. Accounting policios Basis of prgparation The financial ststements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functs'onal currency of the entity. Golng concem There a￿ no material uncertainties aboul the charity's ability to continue. Fund accountlng Unrestricted funds are available for use at the discretion of the trustees to further ary of the charity's purposes. Designated funds are UnreStr￿ted fvnds earmarked by the trustees for particuLqr future project or commiknent. Restricted funds are subjected lo restrictions on their expenditure declared by the donor or through the temis of an appeal, and fall into one of sub-classes". restncted Income funds or endowment funds. Lunn's Charitable Trust Notes to the Financial Ststements (condnu¢dJ Year ended 28 February 2021 Accountlng policies {¢onttnu8dJ Incoming resourc•$ All incoming reSoUr￿S are included in the statement of financial actNitses when enb'tlement has passed to the charity., it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific poI￿leS are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of enb"tlement to the gift. re￿Ipt is PTobable and its amount can be measured relIab￿- legacy income is recognised when receipt is probable and entitlement is established. income trom donated goods is measured al the fair value of the goods unless this is impractical to measure reliabty, in which case the value is derived from the cost lo the donor or the estimated resale value. Donated facilities and services are reeognised in the accounts when received if the value can be reliably meaSu￿d. No amounts are included for the contributs'on of general volunteers. in¢ome from contracts for the supply of services 1$ recognised with the delNery of the ontracted service. This is classified as unrestricted funds unless there is a contractual requirement for it lo be spent on a particular purpose and retumed if unspent. in wh￿h case it may be regarded as restricted. Resources expond¢d Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and 15 classified under headings of the statement of financial activities to which it relates". expenditure on raising funds includes the costs of all fvndraising activities. events, non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all eA)sts incurred by a Charity in undertaking activities that further its charitsble aims for the benefit of ils beneficiaries, including those support costs and costs relabng to the governance of the charity apportioned to charitable a¢tNities. other expenditure includes all expenditure that is neither related to raising fvnds forthe charity nor part of its expenditure on Charitab￿ activib'es. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable io a single activity are allocated directty to that activity. Shared costs are apportioned be￿een the activities they contribute lo on a reasonable. jusbfiable and consistent basis. Flnancial instruments A financial asset or a financLal liability is recognised only when the charity becomes a party to the ¢ontraclual provisions of the instrument. Basic financial instruments are initialty recognised at the amount receivable or payable including any related transaction costs. Lunn's Charitable Trust Notss to the Financial Statsments fconthu•dJ Year ended 28 February 2021 Accounting pollcles (coftllnu¢d) Financial instruments {¢ontlftu Current assels ar)d current liabilities are subsequently measured at the cash or other consideration expected lo be paid or received and not discounted. Debt instruments are subsequently rneasu￿ at amortised cost e￿ investments in shares are publicly traded or their frair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recogni5ed in income and expenditure. All other such investments are subsequently ￿EaSured at cost less impaimient. Other financial instruments, including derivatives, are inits'ally recognised at fair value, unless payment for an asset is defe￿ed beyond normal business terms or financed at a rate of inte￿t that is not a market rate, in which case the asset is measured at the present value ol the future payments discounted at a market rate of interest for a similar debt instrument. Otherfinancial instruments are subsequenuy measured at fair value, wth ary changes recognised in the statement of financial activitie5, Wlth the exception of hedging instruments in a designated hedging relationship. Financial assets Ihat are measured at cost or amortised cost are reviewed for objective evidence of impairment al the end of each reporbng date. If there is objective evidence of impaimienL an impairment loss is recognised under the appropriate heading in the ststement of financial activities in which the initial gain was recognised. For all equty instruments regardless of Signif￿nCe. and other financial assets that are individually significant. these are assessed individually for impaimient. Other financial assets are either assessed individually or grouped on the basis of similar CTedit risk characteristics. Any reversals of impairment a￿ recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the ¢arrying amount would have been had the impairment not previously been recognised. Investment Incom? 2U21 2020 Interest on cash deposit Expendllure on ¢h4rilable activities by fund typg Unrestricted T¢)tal Funds Unrestricted Totsl Funds Funds 2021 Funds 2020 Support Costs 18 18 18 18 18 18 18 18 Lunn's Charitable Trust Notss to the Financial Statsments (conknued) Year ended 28 February 2021 Expendlture on charilable activities by actlvlty type Activities undertaken directly Support Costs Total Funds Total Funds 2021 2020 Govemance Costs 18 18 18 18 18 18 Analysis of support costs Total 2021 Total 2020 Finance Costs 18 18 18 18 Inde￿ndent examination fees 2021 2020 Fees payable to the independent examiner for.. Independent examination of the finanaal statements Staff ¢08ts There We￿ no staff employed during the year. 10. Trustee remunerntion and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. 11. Analysis of charltable funds Unrostricted funds At 1 March 2020 At28 Febru•ry 2021 Income Expgnditu General funds 1.352 {181 1,335 12. Analysls of n•t assets between funds Unrestricted Totsl Fund8 Unrestricted Total Funds Funds 2021 Funds 2020 Current assets 1.335 1,335 1,335 1,352 1,352 Net assets 1,335 1,352 1,352 Lunn's Charitable Trust Management Infomiation Year ended 28 February 2021 The following pag& do￿ not form part of the financlal statemerrts. 10 Lunn's Charitable Trust Dotalled Statsmont of Financial Activities 28 February 2021 2021 2020 Incomlng resour¢os Invesknent income Total Incomlng mour¢os Re8ourc8s Expendod Bank Charges 18 18 Total resour¢•s oxponded 18 18 Net loutgoing) I Incomlng r•8ources 1171 1171 11