Docusign Envelope ID.. 03D6680&78194A5C-8D3A-608E0255695D WILLIAM WILSON WILLIAM WILSON Charteffjd Accountants 2S Shu8 Road Holywojd BT18 gHX +4410) 28 9592 0240 www.wwaccountancy.com Lunn's Charitable Trust Unaudited Financial Statements 28 February 2025 Charity Reglstratlon Number: 101559 t)ocusign Envelopg10.' 03D66809-78194A5C-8D3A*08E0255695D Lunn's Charitable Trust Financial Statements Year ended 28 February 2025 Page Trustees, annual report Independent examlnerfs report to the trustees statement of financial activities statement of financial position Notes to the financial statements Tha following pago does not form part of thè fbnancial statemant# Detailed statement of financial activities 11 Docuslgn Envelope ID.. 03D66809_78194A5C4D3A408E0255695D Lunn's Charitable Trust Trustees. Annual Report Year ended 28 February 2025 The trustees pr8sent their report and the unaudited financial statements of the charity for the year ended 28 February 2025. Reference and adminlstrative detalls Reglstered charlty name Lunn's Charitable Trust Charlty reglstratlon number 101559 Prlnclpal offlco clo John H Lunn (Jewellers) Limited 13-21 Queen's Arcade Belfast BT15FE The trustees MrPJLunn Mr W McK8own Mrs V Ingram Accountanls Wllllam Wllson Chartered Accountants 25 Shore Road Holywood Co Down BT18 9HX structure? governance and management The charity's governing document is a trust deed, The objects of the charity are detailed in the objectives and activlties paragraph below. ObJe¢tlves and actlvltles 1. Charitable purposes The income of the trust shall be applied in making grants and donatlons for any charitable purposes including in particular the advancement of education, the relief of poverty. the protection and preservation of health, the relief of the aged and disabled persons, the protection of the natural environment, the provision of facilities for recreation or other leisure time occupation in the interests of social welfare, the promotion of urban andlor rural regeneration in area5 of soci81 and economic deprivation forthe benefits 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 activities are as follows: Providing grants to organisations for specific projects to help towards the advancement of education. Providing grants to help improve the environment through either the protection of the natural environment, the provision of facilities for recreation or other leisure time occupations in the interesls of social welfare or the promotion of urban andlor rural regeneration in areas of social or economic deprivation. D(Kusign En¥8lop@ ID, 03D66809-78194A5C4D3A408E0255695D Lunn's Charitable Trust Trustees. Annual Report {eondnuod) Year ended 28 February 2025 Providing grants to organisations for specific projects to help with the relief of poverty, ill health, the aged or disabled persons. Achievements and performance The charity was domiant during th8 year but the trustees envisag8 that th8 charity will commance its charitable activities in the near future. Publlc Beneflt The charity was dormant durlng the year but the charity will op8rate for the publlc benefit when charitable activities Gommence. The trustees have had regard to the Charity Commission (Northern Ireland) guidance on public benefit in managing the activities of the charity. Appointment of Charlty Trustees The charity shall actively promote a board of truslees which include a range of skill, experience and knowledge in keeping with pursuance of its objects. Financlal rnvl&w As at 28 February 2025 the charity holds an amount of £1,225 in reserves. This is to ensure that there is adequate cover for any contingencles. The trustees, annual report was approved on 30 June 2025 and signed on behalf of the board of trustees by: Slonodby.. 583AAD09ED8E41P Mr W MGKeown Trustee Docuslgn Envèlope ID.. 03D68809_78194A5C.8D3A408E02S5695D Lunn's Charitable Trust Independent Examiner's Report to the Trustees of Lunn's Charitable Trust Year ended 28 February 2025 Basis of independent examinefs report I conducted my examination in accordance with the Directions to Independent Examiners made by the Charity Commission in Northern I￿land. setting out the duties of an Independent Examiner in relation to the conduGling of an Independent Examination. An Independent Examination includes a review of the accounting records kept by the charity and of tha accounting systems employed by the charity and a comparison of the financial statements prasanted with those records. It also includes consideration of any unusual Items or disclosures in the financial statements, and s88king explanations from, as Truslees, concerning such matters. The purpose of tha examination is to establish as far a5 possible that there have been no breaches of charily legislalion and that th8 financial statements comply with the SORP, on a test basis, of evidence r8l&vant to th8 amount and disclosure in the financial statements. The procedures undertaken do not provide all the evidence that would be required in an audit. and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries, and consequently I do not express an audit opinion on the view given by the financial stataments, and in particular, l express no opinion as to wheth8r th8 financial statements give a true and fair view of the affairs of the charity, and my report is limit8d to th8 matters set out in the statement b810w. I planned and performed my examination so as to satisfy mys8lf that the objectives of the Independent Examination are achieved and before finalising the report l obtained written assurances from the Trustees of all material matters. Independent Examlner's Statement, Report and Oplnlon SubJe¢t to the limitatlons upon the scopa of my work as detailed above, In connection with my examination, I can confirm that.. This is a report in respect of an 8xamination carried out under 65(31 of the Act and in a¢cordanc8 Wlth Directions lo Independent Examiners made by the Charity Commission in Northern Ireland which may be applicable No matter has come to my attention in connectlon wlth my examination which gives me reasonable cause to believe that in any materlal respect the requlremenls: to keep accounting records in accordance with Section 63 of The Charit188 (Northern Ireland) Act 2008, as amended. when preparing accounts on an accrual basis, to prepare financial ststements which accord with the accounting records and comply with the accounting requirements of the Act and the Regulations setting out the fomi and content of charity accounts, have been prepared in accordance with the Charities (Northern Ireland) Act 2008, as amended, and with the methods and principles set out in the FRS 102 Statement of Recommended Practice- Accounting and Reporting by Charities (effective January 2016) I have completed my examination and have no concerns in respect of the matters listed above and. in connection with following the Directions of the Charity Commission for Northern Ireland, I have no matters that require drawing to your attention. ty,// IA,/f,- /Q/n William Wilson William Wilson Chartered Accountsnts 25 Shore Road Holywood BT18 9HX 30 June 2025 Docusign Envelope ID.. 03D66809-78194ASND3A*08E0255695D Lunn's Charitable Trust Statement of Financial Activities 28 February 2025 2025 Unrestricted funds Total funds Total funds 2024 Note Incoming resources Investment Incoma Total Incoming resourc08 Resources expended Expendlture on charltable activities Total resources expended 30 30 30 30 30 30 Not (outgolng) Ilncomlng resources (30) (30) (30) Reconclllatlon of funds Total funds brought forward Total fund8 carrled forward 1,255 1,225 1.255 1.285 1,225 1,255 The statement of ftnanclal actlvlties Includes all galns and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on page5 6 to 9 fo￿ part of these financlal slatements. Ooujsign Envelope ID.. 03D6680￿781￿Asc4D3A￿08EO25569SD Lunn's Charitable Trust Statement of Flnanclal Posltlon 28 February 2025 2025 2024 Current assets Cash at bank and in hand 1.225 1,255 Net a88ets 1,225 1.255 Funds of the charity Unrestricted funds 1,225 1,225 1,255 1,255 Total charlty funds 12 These financlal statements were approved by the board of trustees and authorised for issua on 30 June 2025, and are signed on behalf of the board by: by-. 8E41F Trustee The notes on pages 6 to 9 form part of these financial statements. Docusign Envelope ID., 03D6660&78194A5C-eD3A.608E02556950 Lunn's Charitable Trust Notes to the Financial Statements Year ended 28 February 2025 General information The charity is registered charity in Northem Ireland and is unincorporated. The addr8ss of th8 principal office is clo John H Lunn (Jewellers) Limited, 13-21 Queen's Arcade, Belfast, BT15FE. Statement of complianco These financial statements have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1s1 January 2016) and FRS 102 SORP Istalemenl of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued In February 2016), publlshed bythe Charity Commission in Northern Ireland ICCNI), effective January 2016. and in accordance with all applicable law in the charity's jurisdiction of registration. Accountlng pollcles Ba81$ of preparation The financial ststements have been prepared on the historical cost basis. as modified by the revaluation of certain financial assels and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling. which is the functional currency of the entity. Going concern There are no material uncertaintie5 about Ihe charity's ability to conlinue. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Deslgnated funds are unrestricted funds eamiarked by tha trustees for partlcular future prol8Ct or commitment. Restrlcted fijnds are subjected to restrlctlons on their expendlture declared by the donor or through the terms of an appeal. and fall into one of two sub-classes.. restricted InGotne funds or endowment funds. Doujsign Envelope ID.. D3D66809-78194A5C4D3A-608E025569SD Lunn's Charitable Trust Notes to the Flnanclal Ststements (continue Year ended 28 February 2025 Accountlng pollcles (continu•dJ Incoming resources All incoming resources are included in the slatement of financial activities when entitlement 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 maasurèd. The following specific policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlement to th8 gift, receipt is probable and ils amount can be measured reliably. legacy Income Is recognised when receipt Is probable and entrtlement Is establlshed. income from donated goods is measured at the fair value of the goods unless this is Impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and Services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised wlth the delivery of th8 contracted service. This is classified as unrestricted funds unless thera is a contractual requirement for it to be spent on a particular purpose and retumed if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: expenditure on raising funds includes the costs of all fundraising activities, events. non- charitable trading activities, and the sale of donated goods. gxpanditure on charitable activities includes all costs incurred by a Charity In undertaking activities that furthèr ils charitable aims for th8 benefit of its beneficiaries, including those support costs and costs relating to the govemance of the charity apportion8d to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated lo expenditure categories reflecling the use of the resource. Direct costs attributab18 to a single activity aro allocaled directly to that aclivily. Shared costs are apportioned be￿een the activities they contribute to on a reasonablg, justifiable and consistent basis. Financial instruments A financial asset or a financial liability is recognis8d only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are inttially ￿cOgnised at the amount raceivable or payable including any related transaction costs. Docusign Envelope ID.. 03D66809-78194A5C-8D3A-608E02556950 Lunn's Charitable Trust Notes to the Financial Statements (contlnued) Year ended 28 February 2025 Accounting policies (contlnuad) Financlal Instruments (¢ontlnued) Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can oth8Mise be measur8d reliably, the investment is subs8quantly measured at fair value with changes in fair value recognised in income and expendlture. All other such investments are subsequently measured at Cost less impairment. Other financial instruments, including derivaliv8s, are initially r8cognised at fair value, unless payment for an asset is deferred beyond normal business t8rms or financed at a rate of Interest that 15 not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recogni58d in the statement of financial activities. with the exception of hedging instruments in a designated hedging relationship, Financial assets that are mèasured at cost or amortised cost are reviewed for objectiv8 8videnc8 of impairment at th8 end of 8ach reporting date. If thera is objective 8videnc8 of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instrumen15 regardless of significance, and other financial assets that are individually significant, these ara assessed individually for impairment. Other financial assets ar8 8ith&r assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment ar8 recognised immediately, to th8 8Xt8nt that the reversal do8s not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Exp•ndlture on charltable actlvltles by fund type Unrestrlcted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Support Costs 30 30 30 30 30 30 30 30 Docusign Envelope10.' 03D66809-781NA5C-8D3A-6Q8E02556950 Lunn's Charitable Trust Notes to the Financial Statements (eontlnu8dJ Year ended 28 February 2025 Expenditure on charitable activitias by actlvlty type Activities undertaken directly Support Costs Total Funds Total Funds 2025 2024 Govemance Costs 30 30 30 30 30 Analysls of support Costs Total 2025 Total 2024 Financ8 Costs 30 30 30 30 Indopend8nt examlnatlon f808 2024 2023 Fees payable to the independent examlner for: Independent examination of the financlal statements Staff costs There were no stsff employed during the year. Trustoo remuneration and expenses No ramuneration or other beneflts from employment with the charity or a ralated entity were received by the trustees. 10. Analys18 of charltablo funds Unrestrlct•d funds At 1 March 2024 At28 Fobruary 2025 Incom8 Expgnditure General funds 1,255 (30) 1.225 11. Analysis of net assets between funds Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Current assets 1,225 1,225 1,225 1,225 1,255 1,255 1,255 1.225 Net assets Docusign Envelop8 ID.. 03066809_78194A5C4D3A408E0255695D Lunn's Charitable Trust Management Information Year ended 28 February 2025 The following page does not forni part of the financlal statemonts. 10 Docusign Envelope10". 03D66809-781 ￿ASC-BD3A￿08EO25569SD Lunn's Charitable Trust Detalled Statement of Financial Actlvltles 28 February 2025 2025 2024 Incoming resources Investment income Total incoming resourc•8 R•sourc•s Expended 88nk Charges 30 30 Tolal resources gxpended 30 30 Net {outgolng) I Incomlng re8ource8 (30) (30) 11