Charlty Rog18tratlon No. XN 48204 MEG,'ROPER TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018 MEG ROPER TRUST LEGAL AND ADMINISTRATIVE INFORMATION Mr James FitZPOtrick Mr Dominic FitzpatriL* Ms Brid Fltzpalrick Charlty number XN 48204 Prln¢lp*l addr••$ 59 NEWFORGE LANE BELFAST BT9 SNW Ind•p•nd•nt •xamlnor Keamey & Co Suite 1. Fountain Centre College Streot Belfast BT16ET MEG ROPER TRUST CONTENTS Pag• Trustees, report Ind8Fend6nt 8xaminerf8 report Statement of financi81 activities Balancè she81 Noles to the financial stalgments 7-12 MEG ROPER TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2018 Unr•8trict•d lund8 2018 Total 2017 Not Donations and Segacies Investments 200,000 1,998 200.000 7.634 Total incom• 201.998 207,634 Charitable actNitios 347,427 338.794 N81 gainsl{los8e81 on inveslments 13.9131 Not ¢xp•nditur• for tho y•arl N•t mov•mont in funds (145,429) (135,073) Fund balances al 1 April 2017 252,225 387,298 Fund l)alanco8 It 31 March 2018 106.796 252,225 The statement of financial activitie8 include8 all gains and losses fèccgnised in the year. AJITntome and axpenditure dori￿ from continuing activities. MEG ROPER TRUST BALANCE SHEEr ASAT31 MARCH 2018 2018 Not 2017 CuTr•nt as8•t• Investments Ca¥h al bank and in hand 11 86,872 20,629 86,872 166,058 Cr•dltor8: •mountB f•lllng du• within on• year 107.501 252,930 12 1705) {7051 Net t>Jrrent assets 1￿,796 252.225 Income tund8 Unr8slrthd funds 1C6.796 252.225 106,796 252,225 The finan¢ial statements werè approved by the Tru81è88 on ... MrJ Trus MEG ROPER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018 Accounting pollcl Charlty Inforniation MEG ROPER TRUST is an unincorporated charity. 1.1 Aceountlng ¢onvontlon Thg fin8nci81 statem?nts havè b••n prep8red in aceordance with the eharity's Igoveming documontl, the Charities Act 2011 and "Accountin9 and Reporting by Ch8rrlio8'. Sialement of Récommended Prath'ce applicable to charities preparing their a¢xounls in occordanc* with the Financial Reporting Standard applicabl8 in the UK and Republic of Ireland IFRS 102}. las amended for a¢¢ounling periods commencing from 1 January 2016). Th8 charity is a Public Benefit Entity as defined by FRS 102. The chority has taken adv8nlage of the provi8rons in th• SORP for ¢harits•8 aFolying FRS 102 Update Bultets"n 1 not lo prepare a Statamenl of Cash Flow8. The financial stsl8m8nts have d•parted from the Charities IAecounts and Reportsl Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of R8commended Practs"ce for Char￿?$ applying FRS 102 ralhei than the version of the Stslement of Recommended Practits which is referred to in the Regulations but which ha$ since been withdrawn. Thè financi818tatements are prepared in 8terling, which is thé fundional currency of the charity. Monetary amounts in these financial slatsments are round8d lo the nearest £. The financial stslements have è08n prèpared under the historical cost convention, modffied to include the revaluation of freehold properties and lo include investment prO￿rtIeS and Certain financial instruments at fail value. The principal accounting polto8s adoplad are 8et QLrt below. 1.2 Going concorn At the time of approving the financial statements. the Irusl8es h8ve a reasonable expectstion that the charity has adequate re$ources to continue in ¢)pgralional existence for the fore888abl¢ future. Thus the twstees continue to adopt the going conc8m basls of accounting in preparing the financial statemgnls. 1.3 Charlt•bl• funds Unrestricted fvnds are available for usè at the discretion of the trusl8e8 in furtherance of their ch8ritable objectives unless the funds have baen designated for olhar purp￿$. Restricted funds are sutygct to 8pecrfic conditions by donois as to how they may be used. The purp)8es and uses ol tha restricted fun¢Ys arè set out in the note$ lo the finanaal stal•menl8. Endowment funds are subjgct to specific condilron8 by donorn that the rapital must be maintsined by the charity. 1A Incomlng r•8our¢o8 Income is r&cognise¢J when the Charity is legally enb"118d to tt after any perfomanee condltions ha￿ been mel, the amounts can b8 me88ur¢d reliably, and it is probable that income will be recejved. Cash donations are rec￿nISed on receipt. Other donations are recffjnised oncè the charity has been notified of the donation, unles5 perfomance condilKJns require deferral of the amount. Incom& tax recoverable in relation to donations r￿e1Ved under Gift Aid or deeds of ¢))venant 18 recognised at the lime of th8 donalTQn. Legacies are r6cognised on receipt or otherwise rf thè charity ha8 been nolffied of an impending distribution, the amounl is known, and rgceipl 13 expected. If the 8mount is not known, the legacy i% Irealed a8 a contingent asset, MEG ROPER TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2018 Accountlng pollcl (Contlnu•d) Tumover 18 mèasured at tho fair value of the consideration received or receivabl• and r•preuents amounts r8c8ivablè for goods ond services provid•d in the normal course of business. net of discounts, VAT and other sales related taxe$. 1.5 Ro$ourc•s •xp•nd•d 1.6 Cash and ¢ash •qUbvalonts Cash and cash equivalent¥ include eA$h in hand, deposits hekl at Call with banks, other short.lemi liquid invostrnents wilh original maturities of thr80 months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current118bilrties. 1.7 Financlal Instruments The charity has elected lo appty the provisions of Section 11 '848ic FinanrAal Instrumonts, and Secbon 12 'Olher Fin8ncFal In81ruments Issues, of FRS 102 to all of its financi81 instrument8. ,. Financial inslrumonts are recogni¥ed in the charity'$ balance sheet when the charity bocomes paty to th Contractual provisions of the instrument. Financial assets and liabililifjs a￿ offset, with the nel amounts presented in the financial statmnls, when there 1$ a legalty enfofceable nghl to sel off the reccgni8ed amounts and there is an inténtion to setJe on a net basis or to realise the asset and 8etUè th8 liabilty simullanoou81y. -. 8*81¢ Ilnanclal •ssets Basic financial ass8ls, whieh include debtors and cash and bank balance8, are initialty measured at transaction price induding transaction ¢osts and a￿ $ub8¢quently carried al •morti8ed cost using the effective interest method unless the arrangement constitutès a financing transaction, where the transaction is measured at the present value of tho future receipts discounted al a markel rate of interest. Financial assets classffied as recewable within one year a￿ not amortised. 8asl¢ flnancial Ilabllltlos Basic financial liabilities, including creditors on¢J bank ￿anS are initialty r8cogni8ed 01 tr8n88ction Pric unless the arrangement constrtutos a financing transaction, where the debt instrument is measured al th• present valua of the future payments di￿ounted at a matket late of interest. Financial liab"Flilies dassffiad as payable within one year are not amortised. Dabl instrumenls ar6 subsequently ￿Tried at amorbsed cost, using the effective interest rate mathod. Trad• creditors are oblyations to pay for goods or servic88 that have been acquired in tho ordinary course of opefations from suppliers. Amounts payabl8 aro Classified as Current liabilities rf payment 1$ due within one year or less. If not, they are presented as non