Charity R•glstration No. XN 48204 MEG ROPER TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019
MEG ROPER TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trusto68 Mr James Fitzpatrick Mr Dominic Fitzpatrick Ms Brid Fitzpatrick Charity numbgr XN 48204 Principal address 59 NEWFORGE LANE BELFAST BT9 5NW Independent examinar Keamey & Co Suite 1, Fountain Centre College Street 8elfast BT1 6ET
MEG ROPER TRUST CONTENTS Page Trustee8' report Independenl examinerfs report Statement of financial activities Balance sheet Notes to the financial statements 7-11
MEG ROPER TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2019 The Iruslees present their report and financial statements for the year ended 31 March 2019. The financial slalemenls have been prepared in accordance with the accounting policies sel out in note 1 10 the financial slalemenls and comply with the charity's Igoverning documenll. thè Charities Act 2008 and "Accounting and Reporting by Charities.. Slalemenl of R&commended Practice applicable lo charities preparing their accounts in accordance with the Financi81 Reporting Stsndard applicable in the UK and Republic ol Ireland IFRS 1021 las amended for accounting periods commencing from 1 January 20161 Objectives and a¢tivltlg8 The Charity's objectives a the advancement of education and religion and the relief of poverty in any part of the world. The Trustees confirm that they have referred lo the Charity Commission's g8neral guidance on public benefit when reviewing the Trust's aims and objectives and in planning futufe activities and selling its grant making policy. The Trust has always been aware that ils three main objectives ladvan¢emenl of education. 2dvanc8menl of religion and relief of poverty) Cannot be viewed as three di8crele objectives. requiring the application of three sèparate sets of criteria. Rather, there is 'crtrss-fertilisation" between the concepts.. a donation lo a religious organi881ion may serve to advance religion but, on many occasions, il can lead lo people CeiVIng an èducational benefit. Similarly, when much neèded food and nutrition is not available for children in Ethiopia, then the chan*$ of their growin9 and learning how lo be valuable citizens is close lo zero. The Iru51ees have paid due regard lo guidance i88ued by the Charity Commission in deciding what activities the charity should undèrtake. Grant Making Policy The Trust has an established grant making policy lo achi8ve ils objects for the public benefit,. in most cases this involves a quasi-partnership approach. When determining what donation lo make lo which charitable cause the Trustees always endeavour to have close regard tp the ultimate effect of such donations. the synergy be&en donor and donee and the Idgnlily and need of the ultimate beneficiaries of any funding. Practilly. this means that the bulk of the grants made by the Trust art lo other existing charities who, in tha opinion of the Trustees, can demonslrale a track record of engagement in charitable activities which reflect the aims and objectives of the Trust. On sorn8 oas1onS grants arg made on a 'reslrieted funds, basis whereby the donalign is made in aid of a particular activity or charitable project that the Trustees have a particular interest in developing. On other occasions it is recognised by the Trijslees that certain charities have a proven track record in projects which r&flecl closely the Trust's own objects 8nd with whom the Trust, over the years, have built up a relationship. Monltoring In Drder lo quantify thè effect of their grants, and lo assist them with future decision making, the Trustees receive règular reports from the CeiVIng organisalions detailing the application of the Funds. A¢hlev&ments and performanco Financial review 11 18 the policy of the charily that unreslricled funds which have not been designated for a specific use should be maintained al a level equivalent ID beeen three and six month's expenditure. The trustees consider5 that reserves al this levèl will ensura that. in the event of a significant drop in funding, they will be able lo continue the charity's current activities while Consideration is given lo ways in which additional funds moy be raised. This level of reserves has been maintained Ihroughout the year.
MEG ROPER TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2019 The Irustees have assessed the major risks lo which the charity is exposed, and are satisfied that systems are in place lo miligale exposure lo the major iisks. Structure, governance and management The charity is an unincorporated organisalion. The Iruslees who 5erv8d during the year and up to the dale of signature of the financial statements were: Mr James Fi12palrick Mr Dominic Filzpalrick Ms Brid Filzpalrick The Trust is a registered charity, number 101667. anQ is consliluled under a Deed of Trust made on 8th Seplernber 1969. The Trust was established by an initial gift from Mr. James Fitzpatrick (current Chairl and his late wife Mrs. Alice Fitzpatrick. Over the years Ihe FitZP8lrick family has made substsnlial gitts lo the charity and Ihelogacy ol the Meg Roper Trust is seen by the family and others as a lasting Iribule lo the late Mrs Fitzpatrick. The Trust does not actively fundraise and seek$ lo conlinug the charitable work deSId by the donors through the stewardship of exisbng resources, along with periodic contributions from the family lo those resources. The Trustees meet on a quarterfy basis. Al their meetings the Trustees nominate potential beneficiarigs for grants. The vast majority of these nominees are other registered charities bul being a registered charity is not a pre-requisite t¢ eligibility for a grant from the Trust. However, any potential beneficiary musl have a charitable purpose and activity that would accord with the Tru81's own charitable objectives of the advancement of education and religion and the relief of povety in any part Df the world. If neSSary the Trustees, meeting will shortlisl the nominees When successful candidates have been determined, the amount of the grant lo be made lo each of them is then arrived at and the narnes of the grantees, wilh the amoun15 of the grants, are recorded. The Trust does not have any employees. It doés not have premises. Trustees meet either al the homè of a Truste8 or al business premises owned or controlled by the Chairman. It is, ess9nlially, free from overheads. All Trustees give of their tsme freely and no trustee remuneration is paid. None of the trustee$ has any boneficial interest in the company. All of the trusteès are members of the company and guarantee lo contribute £1 in the event of a winding up.
MEG ROPER TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2019 The Irustegs. report wa8 approved by the Bo8rd of Trustees. MrJa s Fitzp Chairperson Dated., 28 January 2020 rick
MEG ROPER TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MEG ROPER TRUST We report lo the Irustees on our examination of the accounts of MEG ROPER TRUST Ithe charilyl for the year ended 31 March 2019. Responsibllities and basis of r9POrt As the Iruslees of the charity you are responsible for the preparation of the financial 81alemenls in accordance with the quirementS of the Charities Ael . We report in respect of our examination of the charity's a¢counts carried out under section 65 of the Act. In carrying out our examination we hove followed all the applicable Direelions given by the Charity Commission under section 6519)Ibl of Ihg Act. Independent examiner's statement Since the charity's gross income exceeded £250,000 your examiner musl be a member of a body listed in section 65 of the Act. I confirm that l am qualified lo undertake the examination because l am a member ol CAI, which is Dne of the li51ed bodigs. Your attention is drawn to the fact that the charity has prepared 8ccounls In accordance with Accounting and Reporting by Charities prepartng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in profer?nce to the Accounting and Reporting by Charities.. Statement ol Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations bul has now been withdrawn. We understand that this has been done in order for accounts lo provide a true and fair view i n accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015 Vve have completed our examination. We confirm that no matters have come to our attention in conneelion with the examination giving us cause lo believe that in any material respeGI'. accounting records were not kept in respect of the charity as required by Act.. or the financial statements do not accord with those rerdS., or the financial statements do not comply with the applicable requirements concerning the fomi and conlenl of accounts set out in the Charits'es (Accounts and Reports) Regulations 2008 other than any requir8menl that the accounts give a true and lair view which is not a matter considered as part of an independent examination. We have no Concerns and have come across no other matters in connection with the exarnination lo which allenlion should be drawn in this report in order to enablè a proper understanding ol the accounts to be reached. Keamey & Cts We report lo the Iruslees on our examination of the accounts of MEG ROPER TRUST (the charilyl for the year ended 31 March 2019. Suite 1, Fountain Centre College Street 8ellasl BT1 6ET Dated.. 28 January 2020
MEG ROPER TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2019 Unre8trlcted funds 2019 Totsl 2018 Note8 Donations and legacies Investments 300,000 2,095 200,000 1,998 Total incom8 302,095 201,998 enditur Charitable activities 217,613 347,427 Net Incomèllgxpanditurel for the yearl Not movement in funds 84,482 {145,4291 Fund balances at 1 April 2018 106,796 252,225 Fund balances at 31 March 2019 191,278 106,798 The Statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivilies.
MEG ROPER TRUST BALANCE SHEET ASAT31 MARCH 2019 2019 2018 Notgs Current a888ts Investments Cash al bank and in hand 10 88,872 105,111 86,872 20,629 791,983 107,501 Credltor8: amounts falllng due within one year 11 17051 170SI Nel current assets 191,278 106,796 Income fund8 Unrestricted funds 191,278 106.796 191,278 10S.796 The financial ststemenls were approved by the Trustees on 28 January 2020 Mr Jame Trustee Fitzpa
MEG ROPER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019 Accountlng policie Charlty infomiation MEG ROPER TRUST is an unincorporated charity, 1.1 A¢¢ountlng conventlon The fingncial sl8lemenls have been prepared in accordance with th8 charity's Igoverning documenll, the Charitie5 Act 2008 and "Accounting and Reporting by Charities.. Slalemenl of Recommended Pra¢li¢e applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021° las arnended for accounting periods cornmencing from 1 January 20161. The charity is a Public Benefit Entity as defined by FRS 102. The eharily has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not lo prepare a Slalemenl of Cash Fl¢)ws. The financial st8temenl8 have departed from the Charities (Accounts and Reports) R9gulalions 2008 only lo the extent required lo provide a true and fair view. This departure has involved following the Slalemenl ol Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred lo in the Regulations but which has sinee been withdrawn. The financial slalemenls are prepared in sterling, which is the functional currency of the charity. Monetary arnoun15 in these financial slalemenls aro rounded to the nearest £. The financial slalements have been prepared under the historical cost convention, modified lo include the revalLsation of freehold properties and lo include investment properties and certain financial instruments al fair value. The principal aOUntIng policies adc)pled are set out below. 1.2 Golng concèrn Al the time of approving the financial stalemenls, the Iruslegs have a reasonable expoclalion that the charity has adequate resources lo continue in operational existence lor the forgseeable future. Thus the Iruslees continue lo adopt the going concern basis of accounting in preparing the financial slalemenls. 1.3 Charltablo funds Unrèslricled funds are available for use al the discretion of the Iruslees in furtherance of their charitable objectives unless the funds have been designated for other purposes. Reslricled fund8 are subject lo specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are 8el out in the nDles lo the financi81 slalemènts. Endowm8nl funds are subject lo specifie conditions by donors that the capital musl be maintained by the charity. 1.4 Incoming resourcos Income is recognised when the charity is legally enlilled lo il after any performance conditions have been met, the amounts can be measured reliably, and il is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income lax recoverable in relation lo donations received under Gift Aid or deeds of Covenant is recognised al the lime of the donation. Legacies are recognised on receipt or otherwise rf th& eharity has been notified of an impending dislribulion. the amount 18 known, and receipt is expected. If the amount is not known, the legacy k8 Irealed as a contingent asset.
MEG ROPER TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2019 Accounting poli¢igS Icontlnuedl Turnover is measured al the fair value of the consideration received or receivable and represents amounts receivable lor goods and services piovided in the normal course of business. net of discounts, VAT and other sales related taxes. 1.5 Resoureeg expended 1.6 Cash and cash equiva19nls Cash and cash equivalents include cash in hand, d8posits held al call with banks. other shorl-term liquid Investments with original malurilies of three months or less, and bank overdrafl$. Bank overdrafts are shown within borrowings in current liabilits'es. 1.7 Financial in$trument8 The charity has elected lo appty the provisions ol Section 11 'Basic Financial Instruments, and Sects'on 12 'Olher Financial In81ruments Issues, of FRS 102 to all of its financial inslrumenls. Financial instruments arè recognised in the charity'5 balan sheet when the charity becomes paty lo the contractual provisions ol Ihg inslrumenl. Finaneial assets and liabilities are offset. with the nel amounts presentèd in the financial slalemenls, when there is a18g8lly enforceable right ID sel off the recognised amounts and there is an intention lo settle on a nel basis or lo realise the asset and settle the liability simulianeously. Basic financlal assets Basic fin8ncial assets, which include debtors and cash and bank balances. are initially measured at transaction price including transaction costs and are subseqLJently carried al amortised cost using the effective interest method unless the arrangement conslitules a financing transaction, where the transaction is me8sured al the present value of the future receipts discounted at a market rale of interest. Financial assets classified as CeiVable within one year are not amortised. Basic financial liabllltles Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless the arrangement conslilules a financing transaction, where the debt instrument is measured al the present value of the future payments discounted at a rnarkel rata of intere81. Financial liabilities classified as payable within one year are not amortls8d. Debt instruments are subsequently carried at amortisod cost, using the effective interest rale method. Trade creditors are obligations lo pay for goods or seNices that have been acquired in Ihe ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is olue within one year or185s. If not. they are presented as non-current liabilities. Trade credilorg are recognised initially al transaction price and subsequently measured al amortised cost Using the effective interest method. Derncognitlon of flnancial liabiliti•s Financial liabilities are derecognised when the charity's conlraclual obligations expire Qr are discharged or cancelled.
MEG ROPER TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2019 crftlcal accountlng e8tlmates and judgements In the application of the charity's accounting policiès. the trustees are required lo make judgem8nls, estimates and assumption5 about the carrying amount of assets and liabilities that are not readily apparent from other sources. The eslimales and associated assumptions are based on historical experienee and other facloTS that are considered lo be relevant. Actual results may differ from these e81imales. The eslimales and underlying assumptions are reviewed on an ongoing basis, Revision$ to accounting eslimales are recognised in the period in which the estimate is revised wher& the revision affects only that period, or in the period of the revision and future periods whert the revision affects both ¢urrenl and future periods. Donation$ and legacies Unre¥tri¢ted funds Total 2019 2Q18 Donations and gifts 300,000 200,000 Investments Unrostrictod funds Total 2019 2018 Income from listed investments Interest receivable 2,095 1,982 16 2,095 1,998
MEG ROPER TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2019 Grants payable 2019 2018 CLONARD TROCAIRE ETHIOPIAAID M MCDERMID FRALBERT CHILDREN IN CROSSFIRE CONCERN CHERNOBYL GOAL WATERAID SIMON COMMUNITY CLIC SARGENT MARYS MEALS PUSKIN TRUST SPICMA CARDINAL HUME CENTRE ST BERNADETTES JUBLIEE CAMPAIGN ITE OAKS PEACE PLAYERS CAFOD MEDECINS SANS FRONTIERES SURVIVE MARYLEBONE PROJECT AID TO CHURCH IN NEED FREEDOM FROM TORTURE FR MILO Y CARE FRANTOINETT TURKANE PROJECT 20.000 5,Q)00 7.500 4.000 25,000 150.000 5.000 5,000 5,000 4,000 40,040 100.000 5,000 2,500 5,QOO 2,500 2,000 2,500 2,000 5.000 7,500 2,000 1,000 2,000 5,000 3.000 10,000 5.000 5.000 20,000 10,000 5,000 7,500 2,500 2,000 7,000 2,500 25,862 1,000 2,000 2,000 10.000 5,000 5.000 20,020 217.560 347.363 Support costs Support Gov8rnance C08ts costs 2019 2018 Legal and professional 52 52 66 52 52 66 Analysed belweèn Charitable activities 52 52 66 10-
MEG ROPER TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2019 Trusto•s None of the Iruslees lor any persons connected with them) received any remuneration or benefits from the charity during the year. Employoes There were no employees during the year. Financial Instruments 2019 2018 Carrying amount of financlal assets Equity instruments measured al co81 less irnpairment Instruments measured al lair value through profit or loss 77,845 9,027 77,845 9,027 Carrylng amount of financlal liobiliti?s Measured 81 amortised c031 705 705 10 Current asset invostments 2019 2018 Listed investments Unlisted investments 77,845 9,027 77,845 9,027 86,872 86,872 11 Creditor5: amounts falling due wlthin one year 2019 2018 Other creditors 705 705