R•gister8d number: N1037376
Charity number: NIC101830
THE MARTIN RESIDENTIAL TRUST
{A company limited by guarantee)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
*AEBRDISZ*
2410912025
COMPANIES HOUSE
#59

THE MARTIN RESIDENTIAL TRUST
(A company limited by guafant•e)
CONTENTS
Page
R•f•r•nc• and administrativo details of th• charltabl• company, Its Trustees and
advls•rs
Trustees, report
Independent audltors, report on the flnanclal statements
Statement of flnancial actlvltles
7-10
11
Balance sheet
12
Statement of cash flows
13
Not•s to the financial statements
14-28

THE MARTIN RESIDENTIAL TRUST
(A company Ilmited by guarante8)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, ITS TRUSTEES AND
ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees
Nigel McFarland
Timothy Marlln
Dawn Bowers
Lisa McFarland
Robert Greer
Company registered
number
N1037376
Charlty reglsterod
number
NIC101830
Registered office
48 Ballyclare Road
Glengormley
8T36 SHL
Chlef exeeutlve officer
Nigel McFarland
Independent audltors
UHY Hacker Young Fitch Limited, Stalutory Auditors
Suite 2.06, Custom House
Custom House Square
Belfast
Anlrim
BT13ET
Page 1

THE MARTIN RESIDENTIAL TRUST
(A company limited by guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present their annual report together with the audited financial ststements of the charitable
company for the 1 January 2024 to 31 December 2024. The Annual report serves the purposes of both a
Trustees, report and a directors, report under company law. The Trustees confirm that Ihe Annual report and
financial statements of the charitable company comply with the current statutory requirements, the requirements
of the charitable companvs governing document and the provisions of the Statement of Recommended Practice
(SORP) applicable to charities preparing their acGounts in accordance with the Financial Reporting Standard
appliGable in the UK and Republic of Ireland (FRS1021 (effective 1 January 2019).
Since the charitable comp8ny qualifies as small under section 382 of the Companies Act 2006. the Strategic
report required of medium and large companies undar the Companies Acl 2006 Islrategic Report and Directors,
Report) Regulations 2013 has been omitted.
Objectives and activltles
Policles and obS•etlv•8
The objectives of the charitabl8 company contlnued to be that of provldlng loving care Io p8opla wlth profound
learning disabilltles. which is achieved through the runnlng of a care facillty in Glengormley.
b. Stratègles for a¢hl•vlng objectives
The Martin Resldential Trust provides 24 hour nursing care and support lo people with profound and in many
cases multiple physical disabilities at our care facility in Glengormley. We are experienced in supporting people
who have conditions such ag epilepsy, Alzheimer's disease, autistic spectrum disorder, Down's syndrome.
Cerebral palsy, dysphasia and musculoskeletal disorders.
c. ActlvltleB undertakon to achleve obJectlve8
Within the Martln Residential Trust. we are able to provlde a safe, supportive and caring environment for
vulnerable people. There is always a qualified nurse on duty and we provide a high level of staffing in order that
we can approprialely support people who have complex needs. We have suitable facilities lo assist people who
have physical disabilities, including overhead hoists and accessible transport. We also support people to take
part in a full activity programrne that is suited to their individual needs. Activities can range from arts and crafts.
cookery. sensory activities, hydrotherapy sessions and physiotherapy and the person's activity plan is suited to
their assessed Individual needs. Our wide range of facilities and our breadth of experlence mean that we are
able to be very responsive to Ghanges in a persons needs or health.
d. Public beneflt declaratlon
The dlrect publlc benefit which flows from our purpose is the provision of accommodatlon and nursing care for
people Ilving In Northern Ireland who have profound18arning di5abililies.
Main actlvlties undertaken to further the charitable company'5 purposes for the publlc beneflt
The provision of 24 hour nursing care and support lo those people living in Northern Ireland throughout the year
who have profound learning disabilities is of direct benefit to the public. These benefits can be demonstrated
Ihrough, feedback from users and their relatives, nursing and medical assessment of health outcomes, and
independent evaluation by regulatory bodies.
In providing nursing care there is a risk associated with administering prescribed rnedical l￿atrnents such as
medicines aimed at treating heaRh conditions. These risks are medically assessed and are outweighed by ihe
benefits to the seNice user. Those administering or working for the organisalions may incidentally benefit from
our purpose if their relative receives nursing care. In such cases the relative must fulfil the requirements of
admission and will not receive preferential treatment.
Page 2

THE MARTIN RESIDENTIAL TRUST
(A company limited by guarantee)
TRUSTEES. REPORT {CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
Achievements and perfomiance
a. Review of activlties
During the year we continued to provide 24-hour nursing care to 18 people with profound disabililies, all of whom
reside permanently within th8 Home. Many of our Residents hav8 lived in th8 Home for 20+ years and we were
pleased lo welcome 1 n8w Resident into the Home during 2024.
Staff18V8ls remalned very stable, with only 3 new care staff and 2 new domestlc staff recruited to fill vacancles
for a number of staff who left for other career opportunlties. The Home continued to employ an average of 63
people throughoul the year with no changes within the Nursing, Management or Trustee positions.
Ttte Home continued to work with the local Health Trusts and RQIA lo meet our objectives and received positive
feedback from inspections throughout the year.
The results for Ihe year are set out in the attached financial statements that show a surplus of £72.341 (2023..
£40,310). The results and the financial position were considered satisfactory by the Trustees.
b. Investment pollcy and performance
T.he objective is to maximise investment income, thus limited the need to fund activities out of reserves; but the
level of risk is kepl to a moderate level. We are very ably advised by Quilter Cheviot on all investment matters,
and the Trustees take the view that Ihe use of undisputed expert advisors fulfils Ihe requirement ol the Trustees
Acl that all investments be handled wTrlh all possible care and diligence.
Financlal revlew
. Going conrArn
After making 8ppropriate enquiries, the Trustees have 8 reasonable expectation thal the charitable company has
adequate resources to continue is operalional existence for the foreseeable fulure. For this reason, th@y continue
to adopt the going concern basis in preparing the financial statemenls. Further details règarding the adoption of
the going concern basis can be found in the Accounting Policies in note 2.
b. Reserves pollcy
The charitab18 company finished the year wilh a surplus of £182,649 (2023= £40.310) and reserves of
£2,787,150 (2023.. £2.604.500) which were all unrestricted. Unrestricted funds of £2.787.150 is made up of
general funds of £585.24612023- £402.596) and designaled funds of £2,201,904 (2023.. £2,201,904).
The designated funds of £2,201,904 set aside by the Trustees is separately made up of.. freehold property of
£1,088,802 (2023.. £1,109,169)., investment funds of £962,447 (2023.. £847,721) conslsling of the listed
investments and investment properties which are held to generale additional income, and., fulure capital projects
of £150,655 (2023.. £218,014).
11 is the policy of Ihe charity that unrestricted general funds which have not been designated for specific use
should be maintained at a lev81 equival8nl to between three and six month's expenditure ovar the n8Xt year
whlch is approximately £438,000 - £876,000. The Trustees consider that r8s8rv8s at this lev81 will 8nsure that, In
the event of a significant drop in funding. they will be able to contlnue the charitable companvs current activities
while consideration is given to ways in which additional funds may be raised. This level of reserves has beer)
maintained throughout the year.
Page 3

THE MARTIN RESIDENTIAL TRUST
{A company limited by guarantee)
TRUSTEES, REPORT {CONTINUED>
FOR THE YEAR ENDED 31 DECEMBER 2024
c. Principal rfsks and uncertaintios
The trustees have undertaken a comprehensive review of the principal risks 8nd uncertainties facing the charity
and are satisfied that appropriate systems and procedures are in place to mitigate exposure lo these risks.
The key risks identified include:
Regulatory Compliance and Quality of Care= The charitable Company operates in a highly regulated
environment. There is a risk of non-compliance with health and social care standards, which could impact the
quality of care provided to residents. To miligate this, the chariiy maintains robust internal quality assurance
processes and engages regularly wlth regulatory bodies.
Staffing and Workforce Stability.. Recruiting and retaining qualified care staff remains a significanl challeng8,
particularly given the specialist nature of the care provided. The charity has implemented enhanced training
programmes, staff wellbeing initiatives, and competitive remuneration packages to support workforce stability.
Financial Sustainability,. The charity is exposed to financial risks arising from changes in funding arrangements,
inflationary pressures on operating costs, and potential reductions in local Health Trust support. The trustees
regularly review the financi81 posltion and have adopted a reserves policy to ensure the charity can continue lo
operale effecliv81y during periods of financial unc8rtainty.
H8alth and Safety.. Giv8n Ihe vulnerability of the resldènts, there Is a hèightened rlsk associated wllh infection
conlrol and safeguardlng. The charlty has robust health and safety protocols, Including regular tralnlTrg, audils,
and contingency plannlng for outbreaks of Infectious diseases.
Reputational Risk: As a provider of care lo profoundly disabled individuals, the charity recognises the
importance of maintaining public trust. Any adverse incident could impacl stakeholder confidence. The trustees
ensure transparency in reporting, maintain open communication with families and carers, and uphold hlgh
standards of governance.
The trustees continue to monitor these risks and review the chafitsble companls risk management fr8mework
annually lo ensure it remains fit for purpose.
d. Prlnclpal funding
The charitable company's primary source of funding continued to be from local Health Trusts.
Structure, governance and management
a. Con$titutlon
The Martin Residential Trust is registered as a charitable company limited by guarantee and was sel up by a
Memorandum of Association on 151h November 1999.
The charitable company is a registered charily with the Charity Commission in Northern Ireland under number
NIC101830 and is recognised as a charity by HMRC, number XN79517.
b. Methods of appolntment or electlon of Trustees
As required on an ad hoc basis the board members discuss Ihe appointmenl of polenlial new members for
appointment to the board. Suitable peop18 are approached and if ih8y are willing to serve on the board, Ihgir
nomination is put forward for approval by the board. There is no maximum term of office.
Page 4

THE MARTIN RESIDENTIAL TRUST
{A company Ilmited by guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
structure, governance and management (conllnued)
c. Organlsatlonal structure and declslon-maklng pollcies
The board is responsible for the review of all activities and approval of future strategy. Meetings of the board are
held a minimum of Ihree times per annum. The general manager is responsible for all day to day matters.
d. Flnanclal rlsk management
The Trustees have assessed the major risks lo which the charitable company is exposed, in particular those
related to the operations and finances of the charitable company, and are satisfied that systems and procedures
are in place to mitigate exposure to the major risks.
Plans for future perlods
The charitable company intends to build a small facility for the benefit of profoundly disabled people al some
point in the future, and have invested designated funds for this purpose. At the moment there are no definite
plans or commitments in place to build this naw unit.
Members. Ilabllity
The Members of the charitable company guarantee to contribute an amount not exceeding £1 to the assets of
the charilable company In the event of wlndlng up.
Slatemenl of Trustees, responsibllltle5
The Trustees (who are also the directors of Ihe charitable company for the purposes of company law) are
responsible for preparlng the Trustees, report and the financial slatemenls in accordance with applicable law and
United Kingdom Accountlng Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requif&S the Trustees to prepare financial statements for each financial Under company law, the
Trustees must not approve the financial statements unless they aré satisfied that they give a true and fair view of
the state of affairs of the charitable company and of Its incomlng resourc8s and application of resources,
Including its income and expen(iiture, for that period. In preparlng these financlal statements, the Truslees are
required lo:
select suitable accounting policies and then apply them consistently..
observe the methods and princlples of the Charitles SORP IFRS 102).,
make judgments and accounling estimates that are reasonable and prudent.,
slate whelher applicable UK Accounting Standards (FRS 102) have been followed, subject lo any material
departures disclosed and explained In the financial statements-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charitable company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
Ihe Gharitable company's transactions and disclose with reasonable accuracy at any lime the financial position of
Ihe charitable company and enable them to ensure that the financial statements 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 prev8ntion and detection of fraud and other irregularities.
Page 5

THE MARTIN RESIDENTIAL TRUST
{A company Ilmited by guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Disclosure of information to audStors
Each of the persons who are Trustees at the time when this Trustees, report is approved has confirmed that..
so far as that Trustee is aware, there is no relevant audit information of which the charitvs auditors are
unaware, and
that Tnjstee has iaken all the steps that ought to have been taken as a Trustee in order to be aware of
any relevant audit information and to eslablish that the charitrfs auditors are aware of that infomiation.
Auditors
The auditors, UHY Hacker Young Fitch Limited, Statutory Auditors, have indicated their willingness lo continu8 in
office. The designated Trustees will propose a motion reappointing the auclilors al a meeting of Ihe Trustees.
Approved by order of the mernbers of the board of Trustees on 11 Sepiember 2025 and signed on their behalf
by..
Nigol McFariand
(Trustee)
Lisa McFarland
(Trustee)
Page 6

THE MARTIN RESIDENTIAL TRUST
(A cornpany limited by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE MARTIN RESIDENTIAL TRUST
Oplnlon
We have audited the financlal statements of The Martin Residential Trust (the 'charitable compan￿) for th6 year
ended 31 December 2024 which Comprise the Statement of financial activities, the Balance sheet, the Statement
of cash flows and the related notes, including a summary of significant accounting policies. The financial
reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Standard5, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK
and Republic of Ireland, (United Kingdom Generalty Accepted Accounting Practice).
In our opinion Ihe financial statements..
give a true and fair view of the state of the charitable company's affairs as at 31 December 2024 and of its
incoming resources and application of resources, including its income and expenditure for the year then
ended;
have been properly prepared in acGordance wlth Unlt8d Kingdom Generally Accepted Accounting
Practice; and
have been prepared in accordance with the requirements of the Companie5 Acl 2006.
Basls lor oplnlon
We conducted OUT audit in accordance with International Standards on Auditing {UK) (ISAS (UK)) and applicable
law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit
of the financial stalements section of our report. We are independent of the charitable company in accordance
with the ethical requirements that are relevant to our audit of the financi81 statements in the United Kingdom.
including the Financial Reporting Council's Ethical Standard. and we have fulfilled our other ethical
responsibilities in accordance wilh these requirements. We believe Ihat Ihe audit evidence we have obtained is
sufficient and appropriate lo provide a basis for our opinion.
Concluslon• rèlatlng to golng concem
In auditing the financial slalements, we h8ve concluded that the Truslees, use of the going concern basis of
accounting in the preparation of the financial statemenls is appropriate.
Based on the work we have performed, we have nol identified any materlal uncertainties relating to events or
conditions that, individually or collectively, may cast signlflcanl doubl on the charitable companls ability lo
continue as a going concern for a period of at least Iwelve monlhs from when the financial statements are
authorised for issue.
Our rèsponslblllties and the responsibilities of the Truslees wlth respect to going concern are described in the
relevant sectlons of Ihls report,
Page 7

THE MARTIN RESIDENTIAL TRUST
(A cornpany limited by guarantea)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE MARTIN RESIDENTIAL TRUST
(CONTINUED)
Other Informatlon
The other information Comprises the information included in Ihe Annual report other than the financial statements
and our Auditors, report thereon. The Trustees are responsible for the other information contained within the
Annual report. Our opinion on the financial statements does not cover the other information and, except to the
extent otherwise explicitty stated in our report. we do not express any form of assurance conclusion thereon. Our
responsibility is to read the other infomialion and, in doing so, consider whether the other informalion is
materially inconsistent with the financial ststements or our knowledge obtained in the course of the audit, or
otherwise appears to be materialty misstated. If we identify such material inconsislencies or apparent material
misstatements, we are required to determine whether this gives rise to a material misslatemenl in the financial
statements themselves. If. based on the work we have performed, we conclude that there is a material
misstatement of this olher information, we are required to report that fact.
We have nothing to report in this regard.
Oplnlon on other matters prescrlbed by the Companles Act 2006
In our opinion. based on the work undertaken in the course of the audlt,.
the information given in the Truslees, report for the financial year for which the financial statements are
prepared is consistent with the financial ststements.
the Trustees, report ha$ been prepared In accordance wlth appllcable legal requlraments.
Matter8 on whlch we are requlred to report by excoptlon
In the lighl of our knowledge and understsnding of the charitable company and its environment obtained in the
course of the audit, we have nol identified material misstalernents in the Trustees, report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires
us lo report to you if, in our opinion..
adequate accounting records have nol bean k8pt. or returns ad8qUate for our audit hav8 not b88n
received from branches not visited by us., or
the financial statements are not in agreement with the accounting records and returns,. or
certain disclosures of Trustees, remuneratlon speclfled by law are not made., or
W8 havé not received 811 the informalion and explanations we require for our audlt., or
the Trustees were not entitled to prepare the financial statements in accordance wilh the small companies
regime and take advantage of the small companies, exemptions in preparing the Trustees, report and
from the requirement to prepare a Strategic report.
Responslbllltles of trustees
As explalned more fulty In the Trustees, responsibllltles statement, the Trustees (who are also the dlrectors of the
charitable company for the purposes of company law) are responsible for the preparation of the financial
ststements and for being satisfied that they give a true and fair view, and for such internal control as the
Trustees determine is necessary to enable the preparation of financial statements that are free from malerial
misstatement, whether due to fraud or error.
In preparing the financial statements, the Twstees are responsible for assessing the charitable company's ability
to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going
concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease
operations. or have no realistic alternativ8 but to do so.
Page 8

THE MARTIN RESIDENTIAL TRUST
(A company limited by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE MARTIN RESIDENTIAL TRUST
{CONTINUED)
Auditors. r8sponslbllltles for the audlt of the flnanclal statements
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are fr88
from material misstatement, whether due to fraud or error, and to issue an Auditors, report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance wilh ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financlal statements.
Irregularities, Including fraud, are instsnces of non-cofflpliance with laws and regulations. We design procedures
in line with our responsibililies, outlined above, to detect material misstatements in respect of irregularities,
including fraud. The extent lo which our procedures are capable of detecting irregularities, including fraud is
detailed below..
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including
fraud and non-compliance wilh laws and regulations, was as follows.
The engagement partner ensured that the engagement team colleclively had the appropriate competence,
capabilities and skills lo identify or recognise non-compliance with applicable laws and regulations. As part of the
auéit in accordance with ISAS (UK} we exercised professional judgement and maintained professional
scepticism Ihroughout the audit. We idenlifled the laws and regulations applicable lo the charitable company
through discussions with directors and other management, and from our commercial knowledge and experience
of the sector and we focused on specific laws and regulations which we considered may have a direct material
effect on Ihe financial stalements or the operations of the charitable company, including the Companies Act 2006
and the Charities Act (Northern Ireland) 2022.
We assessed the suscepiiblllty of Ihe charltabl8 company's flnanclal statements to materlal mlsstatement.
Including oblalnlng an undersiandlng of how fraud mlghl occur, by maklng enquirles of management as to where
they consldered there was susceptibility to fraud, their knowledg8 of actiJ81, susp8Cted and all8g8d fraud and
considering the intemal controls in place to mitigat8 risks of fraud and non-compliance with laws and regulations.
We obtained an understanding of internal controls relevant lo the audil in order to design audit procedures that
were appropriate in the circumstances bul not for the purpose of expressing an opinion of the effectiveness of
the charitble Companls internal controls.
To address Ihe risk of fraud through management bias and override of controls. we performed analytical
procedures to identify any unusual or unexpected relalionships- tested journal entries to identify unusual
transactions; evaluated the appropriateness of accounting policies used, Including managements. use of the
going concern basis of accounling, and Ihe reasonableness of accounting estimates and related disclosures
made by management; and investigated the rationale behind Significant or unusual transactions.
In response to the risk of. irregularities and non-compliance with laws and regulations. we designed procedures
which included but were not limited to agreeing financial statement disclosures lo under1￿.ng supporting
documentation., reading the minutes of meetings of those charged with governance: and enquiring of
mar)agement as to actual and potential liligation and claims.
Because of the inherent limitalions of an audll, there is a risk Ihat we will nol detect all Irregularities, including
those leading lo a material misslatement in the financial statements or non-compliance wilh regulalion. This risk
increases the more thal compliance with a law or regulation is removed from the events and transactions
reflected in the financial statements, as we will be less likely to become aware of inslances of non-compliance.
The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves
inlentional concealment, forgery, Gollusion, omission or misrepresentstion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at.. wvM.frc.or
.uklauditorsres
onsibilities. This description forms part of our
Auditors, report.
Page 9

THE MARTIN RESIDENTIAL TRUST
(A company limited by guarantee)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE MARTIN RESIDENTIAL TRUST
(CONTINUED)
Use of our report
This report is made solely to the charitab19 compansls mpmbers, as a body, in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate to the charitable
company's members those matters we are required to stale to Ihem in an Auditors. report and for no other
purpose. To the ful￿St extent permitted by law, we do not aGcept or assume responsibility to anyone other than
the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we
have formed.
Michael Fltch LLB FCA (Senlor statutory audltor)
for and on behalf of
UHY Hacker Young Fitch Llmltad, Statutory Auditors
Suite 2.06, Custom House
Custom House Square
Belfast
Antrim
BTI 3ET
11 Sepiember 2025
UHY Hacker Young Fllch Limited, Statutory Auditors are eligible lo act as auditors in lerms of section 1212 of Ihe
Companies Acl 2006.
Page 10

THE MARTIN RESIDENTIAL TRUST
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING INCOME AND EXPENDrruRE ACCOUNT)
FOR THE YEAR ENDED 310ECEM8ER 2024
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Not•
Income from:
Donations, grants and legacies
Charitable activities
Investments
7,569
1,788,501
38,870
7,569
1,788,501
38,870
4,575
1,668, 704
28,588
Total Income
1,834,940
1,834,940
1,701.867
Expenditure on:
Charitable activities
1,751,599
1,751,599
1,688,098
Total expondituro
1,751.599
1,751,599
1,688,098
Net Income before net galnsl(1088•s) on
Inv•stmont8
Nel (losses)Igalns on dlsposal of inveslments
Net movement in funds beloro other rocognised
galnsl(loss•s)
83,341
1,033
83,341
1,033
13,769
(8,373)
84,374
84,374
5,396
Other recognisad gainsl{losses):
(Lossesygains on ravaluation of flxed assets
98,275
98,275
34,914
Not movement In funds
182,649
182,649
40,370
Reconciliation of funds:
Total funds broughl forward
Net movement in funds
2,604,500
182,649
2,604,500
182,649
2,564,190
40,370
Total funds carrled forward
2,787,149
2,787,149
2, 604, 500
The Statement of financial activities includes all gains and losses recognised in Ihe year.
The notes on pages 14 to 28 form part of these financial statements.
Page11

THE MARTIN RESIDENTIAL TRUST
(A company limited by guarantee)
REGISTERED NUMBER: N1037376
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Not•
Flxed assets
Tangible assets
Investments
Inveslrnenl property
13
15
14
1,191,537
607,447
355,000
1,204,632
582, 721
265,000
2,153,984
2,052,353
Current assets
Debtors
Cash at bank and In hand
16
42,301
692,673
34,947
605, 970
734,974
640,917
Creditors: amounts falling due wlthln one
year
17
(101,808)
(88, 770)
N•t curr•nt agsetg
633,166
552, 147
Total assets less current Ilabllltles
2,787,150
2,604.500
Net assots excluding pension asset
2,787,150
2,604,500
Total not asBet8
2,787,150
2,604, 500
Charlty funds
Restricted funds
Unrestricted funds
19
Designated funds
General funds
19
2,201,904
585,246
2,201.904
402.596
19
Total unrestricted funds
19
2,787,150
2,604,500
Total funds
2,787,150
2,604, 500
The Trustees acknowledge their responsibilities for complwng with the requirements of Ihe Act wilh respect lo
accounting records and preparation of financial statements.
The financial statements have been prepared in accordance wilh the provision5 applicable to entities subject to
the small companies regime.
The financial statements were approved and authorised for issue by the Trustees on 11 September 2025 and
signed on their behalf by..
Nigel McFarland
(Trustee)
Lisa M¢Farland
(Trustee)
Page 12

THE MARTIN RESIDENTIAL TRUST
(A company limit•d by guaranto•)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Cash flows from operatlng activitie6
Net cash used in operating aclivilies
102,183
26,368
Cash flows from investing activitias
Dividends, interests and ￿ntS from inveslments
Proceeds from the sale of tangible fixed assels
Purchase of tanglble fixed assets
Proceeds from sale of investments
Purchase of Investments
38,070
4,450
(41,551)
209,671
(226,122)
28,588
16,114
(67,990)
tOT,476
(96,280)
Nat cash us•d in investing aetiviti•s
(15,482)
(12,092)
Cash flows from flnanclng actlvltl08
Net cash provided by finan¢lng a¢tivitles
Chango In cash and cash •qulvalont8 In the year
Cash and cash equivalents al the beginning of the year
86,701
14,276
605,972
591,696
Cash and cash equlvalents at the end of the year
692,673
605,972
The noles on pagès 14 to 28 form part of Ihese financial statements
Page 13

THE MARTIN RESIDENTIAL TRUST
(A company limited by guarante•)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
General infomation
The Martin Resldenlial Trust is a charilable company limited by guarantee and is incorporated and
registered in Northern Ireland under company registration number N1037376.
The charitable companvs regislered office is situated at 48 Ballyclare Road. Glengormley. Co. Antrim
8T36 5HL.
The principal activity of the charitable company is provlding loving care to people with profound leaming
disabilities.
AccountSng policios
2.1 Bas18 of pr•parallon of flnanclal Statements
The financial statements have been prepared in accordance wlth the Charities SORP IFRS 102)
Accounting and Reporting by ChaTilies'. Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the FSnancial Reporting Slandard applicable in the UK
and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard
appllcable In the UK and Republlc of Ireland (FRS 102) and the Companies Act 2006.
The Mart5n Resldontlal Trust meets the definltlon of a public beneflt entlty under FRS 102. Asseis end
liabilities are initially recognised at historical cost or transaction value unless othe￿ise stated In Ihe
relevant accounting policy.
The following principal accounting policies have been applied..
2.2 Golng concern
The charitable companys activities, together with the factors likely lo affect its future development,
performance and financial Position are set out in the Trustee's Report. The financial position of the
charity. along with its policies and processes for maintaining current activity, managing its funding
and its financial risk management are also set out in the Trustees Report.
The charitable company continues to meet ils day lo day working capital requirements. The charity'5
forecas15 and projections show that Ihe charity will be able lo operate within its current facililies.
After making enquiries. the Tru51ees have a reasonable expectation that the charity ha5 adequate
resources to continue in operation for the foreseeable future. Accordingly, the Trustees continue to
adopt the going concem basis in preparing the annual report and financial statements.
2.3 Income
All income is recognis8d onc8 the charitable company has 8ntitlement to the income, it Is probab18
that th8 income will be received and th8 amount of income r8ceivable can be measured reliably.
Glfts In klnd donated for dlstrlbutlon are Included at valuation and recognised as Income when they
are distributed to the projects. Gifts donated for resale are included as income when they are sold.
Income lax recoverable in relation lo donations received under Gift Aid or deeds of covenant is
recognised at the time of the donation.
Other income Is recognised in the period in which il is receivable and to the extent the goods have
been provided or on completion of the service.
Page 14

THE MARTIN RESIDENTIAL TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng policles (continued)
2.4 Exp•ndltur•
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
ta a third party. it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is Classified by aclivity. The costs
of each activity are made up of the total of direct costs and shared Costs, including support costs
involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly
to that activity. Shared costs which contribute to more than one activity and support costs which are
not attributable to a slngle activity are apportioned between those activities on a basis consistent with
the use of resources. Central staff costs are allocated on the basis of Ilme 5penl, and depreciation
charges allocated on the portion of the asset's use.
Expendlture on charilable activities is Incurred on directly undertaking the activities which further the
charltable companls objectives, as well as any associated support costs.
All expenditure is incluslve of Irrecoverable VAT.
2.5 Interest recelvable
Inleresl on funds held on deposit is included when receivable and the amount can be measured
reliably by the charilable company,. this is normally upon nolilication of the interest paid or payable by
the institution with whom the funds are deposited.
2.6 Tangible fixod assols and depr•¢latlon
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible
fixed assets are measured at cost less accumulated deprecialion and any accumulated impairment
losses. All costs incurred lo bring a tangible fixed asset into its intended working condition should be
included in the measurement of cost.
At each reporting date the charitable company assesses whether there is any indication of
impairment. If such irbdiGation exists. the recoverable amount of the asset is determined lo be the
higher of its fair value less costs to sell and its value in use. An impairmenl loss is recognised where
the carrying amount exceeds the recoverable amount.
Depréciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives.
Depreciation 15 provided on the fdlowing basls:
Freehold property
Motor vehicles
Flxtures and fittings
4Q/o reducing balance
200/0 reduclng balance
209/0 Stralght line
2.7 Inve8tmenl property
Investment property is carried al fair value, detemiined annually and arrived al by the Trustees on an
open market value basis by reference to market evidence of transaction prices for similar properties
and advice from external valuers for comparable properties, adjusled if necessary for any difference
in the nature, location or condilion of the asset. No depreciation is provided. Changes in fair value are
recognised in the slalement of financial activities.
Page 15

THE MARTIN RESIDENTiAL TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng pollcies (continued)
2.8 Investmenls
Fixed asset inweslmenls are a form of financial instrumenl and are initialty recognised at their
transaction cost and subsequently measured al fair value at the Balance sheet date. unless the value
cannot be measured reliably in which case it is measured at cost less impairment. Investment gains
and losses, whether realised or unrealised, are combined and presented as 'Gainsl{Losses) on
investments, in the Statement of financial activities.
2.9 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prapaym8nts are valu8d at Ihe amounl prepaid net of any trade discounts du8.
2.10 Cash at bank and In hand
Cash al bank and In hand Includes cash and short-term hlghly Ilquld Investments wlth a short maturlty
of three months or less from the date of acqulsition or opening of the deposit or similar account.
2.11 Liabilities and provislons
Liabilllles are recognised when there is an obligalion at the Balance sheet dale as a result of a past
event, il is probable Ihal a Iransfer ot economic benelit will be required In setllement, and the amounl
of the seltlemenl can be eslimated reliably.
Liabllllles are recognised at the amount that the charitable company anticipates il will pay to settle the
debt or the amount it has received as advanced payments for the goods or services it must provide.
2.12 Flnanclal Instruments
The charitable company only has financial assets and flnancial liabilities of a kind Ihat qualify as basic
financial instruments. Basic financial instruments are Initially recognised at transaction value and
subsequently rneasured at their settlement value with the exception of bank loans which are
subsequently measured at amortised cost using the effective interest method.
2.13 Penslons
The charitable company operales a defined contribution pension scheme and the pension charge
represents the amounts payable by Ihe charitable company to the fund in respect of the year.
Page 16

THE MARTIN RESIDENTIAL TRUST
(A company limlted by guaranteè)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies {contlnued)
2.14 Fund accounting
General funds are unrestricted funds which are available for use al the discretion of the Trustees in
furtherance of the general objectives of the charitable company and which have not been designated
for other purposes.
Designated funds comprise unrestricted funds that have been Sel aside by the Trustees for particular
purposes. The aim and use of each designated fund is set out in the noles to the financial
statements.
Investment income, galns and losses are allocated to the appropriate fund,
Crlllcal accountlng estlmates and ar•as of Judgment
The preparatlon of the flnanclal statements requlres the use of certaln crltical 8ccounllng estimates. It also
requires management lo exercis8 judgement in applying the charilable company's accounting policies.
The areas involving a higher degree of judgement or complexity. or areas where assumptions and
estimates are significant to the financial stalemenls, include..
The valuation of investment propety and listed Investments
The estimation of useful economic lives of tangible fixed assets
Estimates and underlying assumplions are reviewed on an ongoing basis. Revisions lo accounting
estimates are recognised in the p8riod in which the estimate is revised and in any future periods affected.
Page 17

THE MARTIN RESIDENTIAL TRUST
(A company limited by guarant•e)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from donations, grants and legacies
Unrestrlcted
funds
2024
Total
funds
2024
Donations
7,569
7,569
Unrestricted
funds
2023
Total
funds
2023
Donations
4,575
4,575
Incomo from charltablo actlvlll•$
UnroStrl¢ted
funds
2024
Total
funds
2024
Income from charitable activities - Providing care for people wilh profound
learning disabilities
1,788,501
1,788,501
Unrestricted
funds
2023
Total
funds
2023
Income from charitable activities . Providing care for people with profound
learning disabilities
1,668, 704
1,668, 704
Page 18

THE MARTIN RESIDENTIAL TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Inveslment income
Unrestrlcted
funds
2024
Total
funds
2024
Inveslmenl Income - investment properties
Income from listed investments
Investmenl Income - cash
15.600
19,856
3,414
15,600
19,856
3,414
Tolal 2024
38,870
38,870
Unrestricted
funds
2023
Total
funds
2023
Investment Income - Investment propertles
Income from listed investments
Investment Income- cash
11,600
14,403
2, 585
11,600
14,403
2, 585
Tolal 2023
28, 588
28, 588
Analysls of oxpendlture on charitable activlties
Summary by fund type
Unrestrlcted
funds
2024
Total
2024
Providing care for people with profound learning disabilities
1,751,599
1,751,599
Unr6strict8d
funds
2023
Total
2023
Providing care for people with profound leaming disabilities
1,688,098
1,688,098
Page 19

THE MARTIN RESIDENTIAL TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysls of expenditure by activiti•s
Activities
undertaken
directly
2024
Support
costs
2024
Total
funds
2024
Providing care for people with profound learning disabilities
1.673,465
78,134
1,751,599
Activili8S
undertaken
directly
2023
Support
cosls
2023
Total
funds
2023
Providing care for people with profound learning disabilities
1,612,419
75,679
1,688,098
Net movement In funds
The net movement in funds for the year is stated after charging:
2024
2023
Auditor's remuneration
Depreclatlon
Staff pension costs
6,015
48,043
46,982
5, 903
43. 701
42,285
101,040
91,889
10. Audltors, remunoratlon
2024
2023
Fees payable to the charitable companys auditor for the audit of Ihe
charitable company's annual accounts
Fees payable to the charitable company's auditor in respect of..
All non-audit services not included above
3,077
3,020
2,938
2,883
Page 20

THE MARTIN RESIDENTIAL TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
11. Staff costs
2024
2023
Wage5 and sa18ries
Social security costs
Contribution to defined contribution pension schemes
1,290,112
92,529
46,982
1,221,934
90,257
42,285
1,429,623
1,354,476
The average number of persons employed by the charitable company during the year was as follows..
2024
No.
2023
No.
Direct charitable
Adminislratlve
59
57
63
61
The number of employees whose employe8 benefits (excluding employer pension cosls) exceeded
£60,000 was..
2024
2023
In the band £60,001- £70,000
During the year key managemenl, including two Trustees, received salaries including ernployers national
insurance, pension contributions and benefits in kind totalling £114,060 {2023: £113,893).
12. Trust8e3' remuneratlon and expenses
During the year, no Truslees recolved any remuneratlon or other baneflts for servlng as Trustees {2023 -
£NIL).
During Ihe year ended 31 December 2024. no Truslee expenses have been incurred (2Q23 - £NIL).
Page 21

THE MARTIN RESIDENTIAL TRUST
(A company limlted by guarante•)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
13. Tangible fixed assets
Fro•hold
property
Motor Fixtures and
vehicles
flttings
Total
Cost or valuatlon
At 1 January 2024
Additions
Disposals
1,787,555
90.090
27,695
123,3001
393,426
13,856
2,271,071
41,551
(23,300)
At 31 December 2024
1,787,555
94,485
407,282
2,289,322
Depreclatlon
At 1 January 2024
Charge for the year
On disposals
678,386
20,367
34,748
15,286
(16,697
353,305
12,390
1,066,439
48,043
(16,697)
At 31 December 2024
698,753
33,337
365,695
1,097,785
N•t book value
At 31 December 2024
1,088,802
61,148
41,587
1,191,537
At 31 Oecember 2023
7, 109.169
55,342
40,121
1, 204,632
14. Investment property
Freehold
Investment
property
Valuatlon
At 1 January 2024
Surplus on revaluation
265,000
90,000
At 31 December 2024
355,000
The investment prop8rtles ar8 measured at fair value based on market value, as determlned by the
valuer, and reflects the condltion and loGation of the properties at the reportlng date. The investment
properties wer8 revalued during the year by an inéependent professional valuer who has rec8nt
experience in the location and class of the properties being valued.
The resulting revaluation gain of £90,000 has been recognised in the Statement of Financial Activities
under'(Losses)Igains on revaluation of fixed assets..
Page 22

THE MARTIN RESIDENTJAL TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
15.
Fixed asset investments
Listed
investments
Cost or valuatlon
At 1 January 2024
Additions
Disposals
Revaluations
582,721
226,122
(209,671)
8,275
At 31 December 2024
607,447
Net book valu
At 31 December 2024
607,447
At 31 De¢ember 2023
582, 721
16. Debtor8
2024
2023
Due wlthln one year
Trade debtors
Other debtors
Prepayments and accrued income
1,891
10,419
22,637
27,568
14,733
42,301
34,947
Page 23

THE MARTIN RESIDENTIAL TRUST
(A company limited by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
17. Cr•dltors: Amounts falllng due wlthin one year
2024
2023
Trade credilors
other iaxalion and social security
Accruals and deferred income
11,242
30,568
59,998
10,399
27,675
50,696
101,808
88, 770
18. Flnancial instruments
2024
2023
Flnanclal assots
Financlal assets measured at fair value through income and expenditure
692,673
605, 970
Flnanclal assels measured at falr value through Income and exp8ndllur8 compr188 cash and cash
equlvalents.
Page 24

THE MARTIN RESIDENTIAL TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
19.
Statement of funds
Statement of funds - current year
Balance at
31
Gainsl Docomber
(Losses)
2024
Balance at 1
January
2024
Income Expendlture
Unrestricted funds
Designated funds
Designated funds
2,201,904
2,201,904
General funds
General Funds
402,596
1,834,941
(1,751,599)
99,308
585,246
Total Unr•8trlcled fund8
2,604,500
1.834,941
(1,751,599)
99,308
2,787,150
Statement of funds - prlor year
Balance al
31
December
2023
Balance at
l January
2023
Gains/
(Losses)
Income Expenditure
Unrestrlcted funds
Deslgnated funds
2.201.904
2,201,904
General funds
341.286
21,000
1,701,867 (1,688.098J
26.541
381,596
21,000
362,286
1, 701,867 (1,688,098)
26,541
402,596
Total Unrestricted funds
2.564.190
1, 701,867 (1,688,098)
26,541
2,604,500
Page 25

THE MARTIN RESIDENTIAL TRUST
(A company Ilmited by guarant••)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
20. Summary ol funds
Summary of funds - current year
Balance at
31
Gainsl De¢embor
(Lossès)
2024
Balance at 1
January
2024
Income Expendlture
Designated funds
Gengral funds
2,201,904
402,596
2,201,904
585,246
1,834,941
(1,751,599)
99,308
2,604,500
1,834,941
(1,751,599)
99,308
2,787,150
Summary of fund8 - prlor year
Balance at
31
December
2023
8alance at
7 January
2023
Gains/
(Losses)
Income Expenditure
Designated funds
General funds
2.201,904
362,286
2,201,904
402,596
1,701,867 (1,688,098)
26,541
2,564, 190
1,701,867 (1,688,098)
26,541
2, 604, 500
21. Analys1$ of nel a$$•ts b•tw••n funds
Analys1$ of net assets between funds - current perlod
Unrnstrlcted
fund8
2024
Total
funds
2024
Tangible fixed assets
Fixed asset investments
Investment property
Current assets
Creditors due within one year
1,191,537
1,191,537
607,447
607,447
355,000
355,000
734,974
734,974
(101,808) (101,808)
Total
2,787,150
2,787,150
Page 26

THE MARTIN RESIDENTIAL TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
21. Analysis of net assets between funds (continued)
Analys18 of n•t ag$•t8 b•tw••n funds - prior period
Un￿$tricted
funds
2023
Total
funds
2023
Tangiblé fixed ass8ts
Fixed asset investments
Investrnenl propety
Current assets
Creditors due within one year
1,204, 632
582,721
265,000
640,917
(88, 770)
1, 204,632
582, 721
265,000
640,917
(88, 770)
Totsl
2,604,500
2,604,500
22. Reconclllatlon of net movement In funds to net cash flow from operatlng acllvltles
2024
2023
Net Income for the perlod las per Stalemenl of Financlal Activities)
84,374
5,396
Adjustments for:
Depreciation charges
Dividends, interests and rents from investments
Lossl(profit) on the sale of flxod assat6
Oecreasel{increase) in debtors
Increase In credltors
48,043
(38,070)
2,152
(7,354)
13,038
43, 701
(28,588)
{6, 782)
676
11,365
Net cash provlded by operatlng actlvltles
102,183
26,368
23. Analysis of cash and cash equivalents
2024
2023
Cash in hand
692.673
605, 972
Total cash and cash equivalents
692,673
605, 972
Page 27

THE MARTIN RESIDENTIAL TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
24.
Analysis of changes in net debt
At31
December
2024
January
2024 Cash flows
Cash at bank and in hand
605,970
86,703
692,673
605,970
86,703
692,673
25.
Penslon Commitments
The chartiable company operales a defined conlribulions pension scheme. The assets of the scheme are
held separalety from those of the company in an independently administered fund. The penslon cost
charge represents contributions payable by the company to the fund and amounted to £46,982 (2023..
£42.592).
26. Related party tran8actlons
During the year, two Trustees received salarie5 tolalling £114,060 (2023.. £113,893) including employers
nalional insurance, pension contributions and benefits in kind. Salaries received were for qualifying
services lo the chartiable company, and not for services as Trustees.
27. Post balance sheet evont$
The truslees have assessed events occurring after the reporting period and concluded that ther8 are rK)
adjusting or non-adjusting events requiring disclosure in the financial statements.
28. Controlllng party
The board of Trustees are the ultimate controlling party of the charitable company.
29.
PAASE disclosure
In common with many other charitable companls of our size and nature, we use our auditors to assist
with the preparation of financial statements.
30. Amounts held on behalf of third parties
The Company holds bank accounts on behalf of its residents. These bank accounts are not included in
Ihe Tru51'5 financial slalements. At the balance sheet date, the amounts held in thes8 a¢counts
amounted to £237,185 (2023.. £264,785).
Page 28