Ch•rlty R•glstratlon No. XN 48204 MEG ROPER TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020 MEG ROPER TRUST LEGALAND ADMINISTRATIVE INFORMATION Trustfjes Mr James Filzpatri Mr D¢)minic Fi12patrid Ms Brid Fitrpatrick Charlty number XN 48204 Principal addres8 59 NEIIFORGE LANE BELFAST BT9 SWI Ind•pondent oxamln•r Keamey & Co Suite 1. Fountain Centr8 College Street Belfast 8T1 6ET MEG ROPER TRUST CONTENTS Pag• Tru8te8s' report Ind8￿ndent examlneV8 report Statement of flnanclal acllvitle8 Balanc• 8h••l Note8 lo tha fjnanclal 8tatemen18 7.10 MEG ROPER TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2020 Thè Irus1088 pr•s•nl their report and finana81 statements for the year ended 31 March 2020. The finanaal 8talem6nls have been prepared wi accordance with th• accounting policies sel out in note 1 to the finan￿81 stslemenls and compty with the charity's Igoveming documentl. the Charities Act NI 2Q)8 and "Accounting and Reporbng by Charibes.. Statement of Recommendod Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" las amendèd lor accounting peri¢yJs commenclng from 1 January 20161 Obl•etlv•8 and a¢tlvRI•s The Charity's objeclives are the advancement of educAlion and relig￿n and the relief of povety in any part of the worfd. The Trustees confirm that they have referrad lo the Charity Commission. general guklan¢e on public benefit when revivwing the TN8t'8 awns and objKiive8 and in planning future activities and setiing its gronl making policy. The Trust has aw8 be8n aw818 that its three main otpctNes {advan¢omenl of education, advancement of religion and relief of povoty) cannol be vthved as three di8crotg objective8, requirfng the application of three separale sets of cnleria. Rather. there i8'cros8-ferts'lisation' betsveen the con¢¢pl8.' • don8tvJn to a r•ligtr)us organisalion may sorve lo athance religKJn bul. on many occasions. it Can lead lo people receiwng an educational benefft. Similarty, when much needed food and nulrrtion is not available for chiklfen in ElhK)pia, then the chances of their growing and 10omlng how lo b• Valuab￿ citizens is close to zefo. The Iru81ees hov• pold duo to gUIdan￿ 188ued by the Charity Comml8•itin in d•ciding what a¢tfvllle8 the ehanty should undertak•. Grnnt M#klng Poll¢y Tho Tru$l has an estsblished qrant m&king policy to o¢hlove it8 objoCt8 for the publlc b•n•fil,' in most ca8es thi8 Involves a qua$i-partn•TJhip approach. IhThen delem)ining what don81ion lo make to which charitable c8u¥e the Trustees a￿ayS endeavour lo havè dose regard lo the ultimate effect of 8u¢h donation8, the synergy be￿een donor ond donee and the identity and need of the ullirnale beneficiaries of ony funding. Practically, Ihls means that tho bulk of Ihe grants made by the Tru$t are lo other exi8tln9 charities who, in the opinion of the TN$t6•$. can demonslrale a track record of engagement in charltabl8 aclivllSes whlch reflect the aims and otyectives of the Tru81. On some occasion8 grants are madg on '1gslricled fund8. ba818 whereby the donation is made in aid of a particular activity or charitablo prolecl that the Trustees have 8 particular inlefest in deveknping. On other ¢)cca$on$ il is recogni8ed by the Tru8lee8 that certain chariltes have a proven lrn¢k record in projects whith refiect closely the TNSI'S own objects and wilh whom tho Trust, 0￿r the years. havo tsJilt up a relationship. Monltorlnq In ordèr lo quantify the effect of their granls, and lo assist them with future de¢ision making, the Tru8lee8 receive regular reports from the lgcemng organisalions detailing th6 application of the Funds. Achlevem•nts and yrfornMn¢• Flnan¢lAI revlow 11 is thè poliw of the charity th81 unrestricl8d funds whth have not been designated for a specific use should be maintained al a level equivalent to between three and six month's expenditure. The trustees eonstraer8 that reserves al this level will gnsure that, in the evenl of a swJnificanl drop in funding. they will be able to continue the charity's currant activities while consideration is given to ways in which addibonal funds may be raised. This level of reserves has been mainlained throughout the year. MEG ROPER TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2020 The truste88 have a5se8sed the major risks to whit* the chanty is oxposed. and are satisfied that systems are In place to mitigate 8xposure lo the major risks. Strncturn, govomance and m•nag•mant The charlty18 an unincorporal•d organisalion. The tru8lee8 who 88Ned durin9 th• year and up to the date of synalure of the financial statement6 wore.. Mr James Filzpalrick Mr Domin1¢ Fitzpaliick Ms Brid Filzpatrick The Tru8118 a registered charity, number 101667. and 18 0)nstituted under a Deed ol Tru81 mada on 8th September 1969. The Tru81 was e8tsblished by an initial grfl from Mr, James Fitzp•lrick {currenl Ch2lrl and his18te wile Mrs. Alice Fwatrick. Over the years thè Fitzpatrick famlly haB made 8ubstanti81 lo the charity and the legacy of the Meg Roper Tru8118 seen by the family and oth•r8 as 8 lasting Iribule lo Ihe ￿18 Mrs Filzpalnth. The Trnst does not actively fundrnise and $6eks lo continue th• charitable work desirad by the donors through the st8W8rd8hip of 8xi$llng re80urc88. along with poriodic contributions from the lamify lo those re8ourc¢$. The TnJ8lae8 moot on a quartety basis. At their moèty'ngs Ihe Trusteè$ nominate potential benefi¢lari68 for grants. The v8sl majority ol th￿ nominees affj other registered charitie8 bul boln9 rtyi$lergd charty 18 not a pre-requisite to 01￿1blI1ty for a grant from the Twst. ￿￿ever, any polenlial beneficiary mu81 have a Charitable purp)se and actNfty that would accord with the Tw8t'8 own charitable obJ'e¢bv•8 of the advancement of eduC4￿n and religion and the relief of poverty in any part ol the worfd. If nece88ary tho Tru8l•es' m••ting wlll shortli81 th• nomin•e8. IMb&n Jucce8sful ¢andidalo8 hove bean delennined. the amount of tha gronl to bo mada lo èach ol them F• then arrfved al and the names of thé grantees. with th¢ amounts of th• gran18. are recorded. The Trust doès not have any employees. 11 do88 nol h8ve premises. TNJlee8 m•ot either al the home of a Trustee or al business premi8¢$ owned Of conlrollgd by the Chalm8n. It 18. 888gnlially, free from overheads. All Trv81ees give of their time freety and no trustee remuneration 18 paid. None of the Iruslees has any beneficial interesl in Ihe c£mpany. All of tho truslees are member8 of the company and guarantee to contrtiule £1 in Ihe event of a winding up. MEG ROPER TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2020 The Iruslee8' report was apyoved by the Board of Trustses. Mr J•mo9 Fltzpatrfck Chalrperson Dated.. 31 January 2021 yf/f,rf,J MEG ROPER TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MEG ROPER TRUST We report to the tru8tees on our examination of the accounts of MEG ROPER TRUST (the chaiity} for the year ended 31 March 2020. Re8pon8Sbllltlgs and b•818 of roport As the trustees of the Charity you aro responsibl& for the preparation of the financkgl stalèmenls in accordance with the r8quiremenls of the Charili8sA£t. We report in respect of our examination of the charity's a¢counts cwried out under section 65 of the Act. In canying out our examination we have foll¢y*ed all the applicab￿ Direction$ gwen by the Chanty Commission under section 6519}Ibl of the Act. Independent •xamlnorf8 8tatem•nt Since the charity's gross income exceeded £250.000 y¢)ur examiner must bg a ffleM￿r of a b(>Jy listed in section 65 of the Act. I confirm that l am qu8lffied to undertake the examination because l am a merrt>er of CAI. which is one of the listed l)odies. Your attenbon is drawn lo the fact that the chaiity has prepared accounts in attordance with A¢wunling and Reporting by Charib'es preparing their ￿)unts in acconjance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in prefe￿nce to the Accounting and Reporting by Chartties: Statement of Recommended Practicé issued on 1 April 21)05 which 15 ref8rred to in the extant regulations bul has now ￿en withdrawn. We understand that this has been done in order for accounts to provide a tnje and fair view in accordance with Generalty Accepted Accounting Pra¢tKe effective for reporting periods beginning on or after 1 January 2015. We have completed our examination. ￿ confirm thal no matters have come to our attention in connection with the examination giving us cause lo believe that in any material respect.. a¢Gounting records were not kept in respect of the charity as required by Act: or the finanual stalemenl$ do not accord wilh those records.. or the financial statements do not ¢ompty the applicable requi￿rnents coneeming the fom and content of accounts set out in the Charitses (Accounts and Reports) Regulations 2008 other than any requirement that the accAiunts give a true and fair wew wh￿h is not a matter ¢onsidered as part of an independent examination. We have no ¢on¢ems and have come across no ott￿r matters in wnnecknon with the examinatM?n to wknch attention should be drawn in thi5 rnport i reached. rder to enable a prow understanding of the accAwnls to be Keamey & Co We report to Iho trustees on our examinatw)n of the ae£ounts of MEG ROPER TRUST (the charity) for the year ended 31 March 2020. Sulla 1, Fountain Centre College Street Belfasl BT16ET Dated: 31 January 2021 MEG ROPER TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2020 UnrMtrlct•d Unrestricted fund• fund$ 2020 2019 Not•• Donations and lega¢ie8 Inve8lmenls 300.000 2,165 300,000 2,095 Total Incom• 302.165 302,095 Charitable acllvities 283.634 217.613 Not Incomo for tho y•arl Not movem•nt In fund• 18,531 84,482 Fund b8lance8 al 1 Aprll 2019 191,278 106.798 Fund balan¢•• It 31 March 2020 209,809 191,278 The 81atem•nl of Iln•nelal activllle8 Include8 all galn8 and1088è8 rgMgn160d in the year. All income and 8xpendllure derlve from continuing actlvlll•8. MEG ROPER TRUST BALANCE SHEET ASAT31 MARCH 2020 2020 2019 Not•s Current a•••ts Investments Cash al bank and in hand 10 86.872 123.642 86.872 105,111 210.514 191.983 Credltorn: •mount• f•lllng du• wlthln on• yoir 11 (705) {7051 Nel ¢urr•nl 858018 209,809 191.278 Incom• fund8 Unro$tricled fund• 209.809 191,278 209.809 191,278 Th• finan￿1 Jtatem•nts were approved by tho TN8tee8 on 31 January 2021 Mr J8ma8 Filzpatrick Tru•t•• MEG ROPER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020 Accountlng pollcl•$ Charlty Inforniatlon MEG ROPER TRUST Is an unincorporated chartty. 1.1 Accountlng convontlon The financial statemenis hav8 been prepared In accordance wllh the charity'8 Igoverning docum8nll. the Charities Act 2008 and 'Accounling and Reporting by Charities.. Slalemenl of Recommended Practice appli¢able to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in th• UK and Republic ol Ireland IFRS 1021. la$ amended lor a¢¢ounling period3 commencing from 1 January 20161. The charity 18 a Public Benolll Entity a8 defined by FRS 102. The charity has taken advantage of tho prov58ions in the SORP for char11188 applying FRS 102 Update Bullelln 1 not lo prepare a Stslemenl ol Cash Flows. The finAn¢lal 8talemgnt8 have depart•d from the Charities (Accounts and Reports} R•gulallon8 2008 only lo tho exlenl requlr8d lo provide a tru• and fair view. ThlB departure ha8 involved following the Slalèmenl of Rttommendod Prgctlce for ch•rili85 applying FRS 102 rather than the ver8lon of Ihg Slalemanl of Recommended Practlce which 18 rgfgrred lo in the Regulations but whtch h0$ 81nce been withdrawn, The financl81818tomont8 are prepared in sterllng. whiGh Is the funcllonal currency of the charity. Mono10ry amounts In Ihe9e flnancial slalemenl$ are rounded lo the noar•81 £. The financlal 8101omenl8 have been prgp8r•d und•r th• hl8lorKal cost convontlon, modlfled lo Snclude the rèvaluation of freehold prop•rtle8 and to include Inv•slmenl propertles and certaln fln8n¢ial Inslrumenl$ at loir vJlu•. Tho prlnclpal o¢wunlinq polkles Adoplgd are set oul below. 1.2 Golng conc•rn Al the Ilmo of 8pprovlng the flnancial $lalemen18, the Iru81&08 have a reasonable expectation that the chgrlty h88 adequate resourcos lo conlSnue in operallonal exlsl6nc& for the foreseoable future. Thu8 the tru8lee8 conllnu8 lo adopt the going concern b8818 of a¢¢ounllng in preparing th? financlal 818lemenl8. 1.3 Charltabl• lund• Unrestricted fund8 are avallabl• for use 81 th• diBGretlon of the Iru$t8e8 In further8nc& of Ihelr charitable objectives. Restricted funds are subject to 8p8cifi¢ ¢ondilion8 by donor8 as lo how they may be u8ed. The purpose8 and u8•8 of the restricted fund8 aro sel out in the notes lo the fSn8ncial Btalemenl8. Endowment funds are 8ublecl lo specific condillon8 by donors that the capit81 musl bo maintained by the charity. 1.4 Incomo Ino)m• Is recognised when the chaTIty 18 legally enlillgd to It aftor any performance condlllon8 have been mel, the amounts ¢an be measured rellably, ond il is probable that incomè will be recèivgd. Cash donallons are recognised on r8eeipl. Other donallon5 are recognised once th$ charity has been notified of the donation, unless performance conditions require deferral of th8 amount. In¢ome tax re¢overablo in relation to donalion8 r•c&ivod under Gift Ald or deeds of covenant is rewgni5ed al Ihe time of the donation. Legacies a￿ recognised on receipt or olh6rwi$e if the charity has beén notified of an impending dislribulion. the amount is known, and receipt is expected. If the amount 1$ not known. thè legacy k8 treated a5 a contingent asset. MEG ROPER TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2020 A¢¢ountlng pollci•B Icontlnuedl 1.5 Expénditure 1.6 Cash and c•8h equlvalents Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-term liquid investments with original maturities of threè months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in currenl liabilities. 1.7 Financlal Instruments The charity has elected to appty the provis*Jns of Section 11 '8asic FinarKial Instruments. and Sgclion 12 'Other Financ￿1 Instruments Issues. of FRS 102 lo all of its financial instruments. Financial instruments are recognised in the chariws balance sheet when the tharity b8come$ party lo the contractual provision5 of the in¥lrumenL Financial assets and liabilibes a￿ offséL with the net amounts presented in the finanu81 slalemenls when there is a legalty enforceable right lo set off the recognised amounts and thére is an intention to settle on a net basis or to realise Ihe asset and setue the liability simultaneousty- BaslG flnanclal assets Basic financial assets. vthich indude debtors and cash and bank balance$. are initially measured * transaction price including transactton costs and are subsequenty carried at amortlsed cost using the effective interest melhod unless the arrangement conslitules a financing transaction, where the Iransaclton is measured at the present value of the future receipts discounted at a market rate of inlerésl. Financial assets classif￿d as receivable wthin one year are not arrKrftised. 8a¥i¢ financlal liabllities 8a$ic financial liabilities, induding creditors and bank loans are initialty recognised at transaction price unless the arrangement C￿nStItUteS a financing Iransactton, where the debt instwmenl is measurgd ot the present value of the future payments discounted al a market rate of interest. Financial liabilities dassified as payable wthin one year are not amortised. Debt inslrumenls are subsequently carnied al amortised cosL using the 8ffective interest rate method. Trade creditors are obligalK)ns to pay for gwds or services that have been acquired in the ordinary CA)urse of operations from suppliers. Ar￿UnIS payable a￿ clas¥ified as current liabiliiies if payment is due within one year or less. If not. they are p￿Sented as non