COUNTY TRUST LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 30 APRIL 2025
The Trustees present their annual report and financial statements for the year ended 30 April 2025 ~~.~~
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charitable company's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019) ~~.~~
Aims, objectives and activities
1 ~~.~~ The advancement of the Christian Religion
- The relief of poverty
3 ~~.~~ The relief of hunger 4 ~~.~~ The relief of sickness
- The advancement of education and medical knowledge and research
1 ~~.~~ County Trust operates a centre known as ‘The Stables’ which includes a meeting/function room with a kitchen ~~.~~ There are also two townhouses attached ~~.~~ The direct benefit flowing from the meeting/function room is that it provides facilities to church organisations who in turn provide improvement of spiritual and emotional welfare to people across Northern Ireland. The benefit flowing from the townhouse is the provision of accommodation for a person who could not otherwise afford it ~~.~~ County Trust also makes grants of money to evangelists, missionaries, individuals and organisations promoting the Christian religion throughout Northern Ireland and worldwide ~~.~~ The direct benefits flowing from this is the support of those who in turn provide improvement of physical, mental and spiritual welfare to people across Northern Ireland and the rest of the world.
- County Trust makes grants of money and provides necessary items to those who cannot afford them. County Trust also makes grants to organisations working to relieve poverty worldwide such as Drop-inn ~~.~~ The direct benefits flowing from this is the relief of poverty of people to whom such grants are made ~~.~~ County Trust’s intended beneficiaries are people living worldwide.
3 ~~.~~ County Trust makes grants of money to organisations working to relieve hunger worldwide ~~.~~ The direct benefits flowing from this is the support of the organisations to which such grants are made in turn allowing them to pursue their work with people across the world. County Trust’s intended beneficiaries are people living worldwide ~~.~~
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County Trust seeks to provide support to sick and disabled persons generally and also to relieve mental and physical sickness of persons suffering as a result of bereavement, loss, family breakdown, addiction, redundancy or financial hardship and promote their physical, mental and spiritual welfare by providing grants of money to those people and to other organisations involved in counselling or treating those people and through the provision of equipment to organisations involved in counselling or treating those people ~~.~~ County Trust makes the Stables available to organisations working with people suffering from such disability. County Trust makes the second townhouse available as free halfway accommodation to those who are seeking to overcome addiction ~~.~~ The direct benefits flowing from this include the reduction of symptoms, stress and anxiety to people who are suffering from illness, disability, bereavement, loss, family breakdown, addiction, redundancy or financial hardship and members of their family. The beneficiaries of this purpose are mainly people living in the Fermanagh area of Northern Ireland ~~.~~
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County Trust makes grants of money and provides equipment in support of education ~~.~~ For example through awarding scholarships or providing equipment to schools in underdeveloped countries. The direct benefits flowing from this is the advancement of education of people worldwide attending recognised educational institutions; particularly those who may not otherwise be able to afford such education enabling people to participate more fully in society ~~.~~ County Trust’s intended beneficiaries are people living worldwide. It is not intended that such grants will be made to Trustees though it is possible that equipment, at some point in the future, may be provided or money donated to a school that members of a Trustee’s extended family may then attend. This benefit would be incidental and necessary to ensure that the benefit is provided to the beneficiaries ~~.~~ These benefits are demonstrable from feedback and reports received from those evangelists, missionaries, individuals and organisations who have been helped. No harm arises from the meeting/function room or house being made available or from grants being made ~~.~~ No private benefit arises as it is not intended that any grant will be made to the Trustees of County Trust.
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COUNTY TRUST LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
Financial review
The results for the year are set out on page 10. The company returned net expenditure resources for the year of £3,510,250 (2024 ~~-~~ (£647,119)) ~~.~~ At 30th April 2025 the total funds of the charity amounted to £4,814,873 (2024 ~~-~~ £8,325,123) comprising unrestricted income funds of £370,827 (2024 ~~-~~ £72,551).
In the previous financial year the property at Lackaboy Rd, Enniskillen was sold to Fermanagh Christian Fellowship under the terms of the existing lease agreement dated 9 July 2018. County Trust Ltd provided a commercial loan to Fermanagh Christian Fellowship to accommodate the purchase at 2 ~~.~~ 5% above Bank of England base rate.
Reserves policy
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
Risk Management
The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks ~~.~~ The Trustees maintain a written risk register in order to document and review identified risks ~~.~~
Plans for future periods
The Charity plans to continue carrying out those activities required to further its objectives of: 1 ~~.~~ The advancement of the Christian Religion
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The relief of poverty
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The relief of hunger
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The relief of sickness
5 ~~.~~ The advancement of education and medical knowledge and research
Structure, governance and management
The charitable company is a company limited by guarantee and is governed by its Memorandum and Articles of Association ~~.~~
The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Mr B Jones Mr I Jones Mr G Jones
Recruitment and appointment of trustees
Under the requirements of the Memorandum and Articles of Association, the company may from time to time in general meetings increase or decrease the number of trustees and determine in what rotation such increased or reduced number shall go out of office and make the appointments necessary to effect any such increase ~~.~~
Organisational structure
The management of the Charity is the responsibility of the Trustees who are elected under the terms of the Memorandum and Articles of Association ~~.~~
None of the Trustees has any beneficial interest in the Charity ~~.~~ All of the Trustees are members of the Charity and guarantee to contribute a maximum of £10 in the event of a winding up.
Induction and training of trustees
Trustee members are familiar with the practical role of the charity ~~.~~ New trustees will be encouraged to attend appropriate external training events to help facilitate the undertaking of their role ~~.~~
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COUNTY TRUST LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025
Statement of Trustees’ responsibilities
The Trustees, who are also the directors of County Trust Limited for the purpose of company law, are responsible for preparing the Trustees' Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these accounts, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the accounts; and
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prepare the accounts on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Auditor
In accordance with the company's articles, a resolution proposing that Moore (N.1.) LLP be reappointed as auditor of the company will be put at a General Meeting.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
Disclosure of information to auditor
So far as each person who wasa Trustee at the date of approving this report is aware, there is no relevant audit information of which the Charity’s auditor is unaware. Additionally, the Trustees individually have taken all the necessary steps that they ought to have taken as Trustees in order to make themselves aware of all relevant audit information and to establish that the Charity’s auditor is aware of that information.
The Trustees' report was approved by the Board of Trustees.
Mr | Jones Trustee
18 November 2025
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