Charlty Regislratlon No. NIC101965 Company Registralion No. N1061609 (Northern Ireland) ERNEST BAIRD TRUST- THE (o Company Ilmlled by guarantee and not havlng a share capltall ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 PAGES FOR FILING wrrH REGISTRAR
ERNEST BAIRD TRUST- THE CONTENTS Page Charity information Trustees, report Independent examinerfs report Statement of financial activities Balance sheet Notes to Ihe f5nancial statements 7-10
ERNEST BAIRD TRUST- THE LEGAL AND ADMINISTRATIVE INFORMATION Trustees Austin Baird Catherine Campbell Diane Casement Deirdre Baird Secretary Austin Baird Charity number NIC101965 Company number N1061609 Registered office Laureldale Hall Laurel bank Comber Newtownards Northern Ireland BT23 5EJ Independent examlner Moore (N.I.) LLP 30-32 Lodge Road Coleraine BT52 1NB
ERNEST BAIRD TRUST- THE TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2022 The Irustees present their annual report and financial slalements for the year ended 31 December 2022. The accounts have been prepared in accordance with Ihe accounting policles set out In note 1 to the accounts and comply with the charity's Memorandum and Articles of Association, the Companies Acl 2006 and "Accountlng and Reporting by Charities: Statement of Recommended Practice appllcable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 102)" {as amended for accounllng periods commencing from 1 January 2019). Oblectlves and activlties Th8 organisalion's principal focus is the advancement of Christ's Kingdom throu9h providing financial support and grants to individuals and Christian organisations. Donalions lo Ihe charity ar8 g8n8rally r8ceiv8d from the trusteas. Donations received are Ihen allocated as the trustees see fit to evangelical Chrislian groups and organisalions that promote the formation and growlh of the Christian church. Advancement of Reli ion The main aims and purposes of the Trust in relation io the advancement of religion are to: Promote the formalion and growth of evangelical Christian groups; - Assist SUGh gfOUPS in their efforts lo bear witness lo Jesus Christ as Saviour Lord and God., To make gifts and grants to persons, Christian organisations and other organisations as deemed fit to support their ministerial work. The direct public benefits which flow from these purposes are: The organisalions thal receive our financial assistance can reach out to individuals. encouraging them through the Good News of Jesus Christ. Through the work of these organisations, individuals of all cultural backgrounds will feel an improved sense of wellbeing and hope., The organisalions and ministries we support encourage regular fellowship with other Christians and other churches which bring wlth them the benefits of incluslon In society and communities., The promotlon of Christian values for the benefit of individuals to adopt a moral framework where they are good cltlzens. Advancamont of Educalion A secondary aim and purpose of the Trust Is to make glfts and grants to persons, Christlan organisations and other organisallons to educate about Evangelical Christian b81iefs and practices, proclalmlng the Gospel of Jesus Chrfst. Th8 dlrecl benefits whlch flow from thls purpose are splritual, moral and Intellectual development, through t8aching of the Bible, both for memb8rs of the Churches and Christian organisations we support and any member of the public who attends their s8rvices and events. The indirect public benefits which Ilow from these purposes includ8 the moral improvement in soclety as a whole which religion is Considered to encourage. All of the above benefits will be evidenced Ihrough informal feedback from those who we provide financial assistance to. The charity's beneficiaries are Ihe general public throughout the UK. The Irustees have paid due regard to gLJidance issued by the Charity Commission in deciding what activities the charity should undertake.
ERNEST BAIRD TRUST- THE TRUSTEES, REPORT {CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2022 Achlevemenl8 and parformanco Flnanclal revlèw The company returned nel Incoming resources for the year of £5.455 (2021- n61 outgoing resources of £3601. AI 31st December 2022 Ihe total funds of the tharity amounted to £5.581 (2021- £126). comprlsed solely of general unresliicled funds. The trustees endeavour to malnlaln sufflclent funds lo ensure that, In the event of a slgnlllcant drop In fundlng, Ihay wlll be able lo conllnue the charlly's current aclivllies whlle conslderallon Is glven to ways In whlch addlilonal lunds may be ral88d. A*s•ssm•nt of Rlsk The Iruslees have assessed the malor rlsks to whSch the charlty is 8XPO8ed. and are 8aflsfied that systems are In place lo mlllgate exposure lo the ma]or risks. Plan• for th• futur• The Trust contlnues lo seek out opportunllles lo support Indlvlduals and groups whlch o)mply with Ihe alms and oblectlves of the Trust. It plans to remaln 8CtiVè 8nd doésn't plan to amend Its aim or oblIV0$. Structur•t gov•rn•n¢• and manag•m•nt The charlly Is a company limi18d by guarant88 and Is govem•d by lis M8morandum and Artld88 ofAssodallon. Thè trustées, who aré also thè dlrectors for tho purpose of company law, and who 86rved durlng the year were: Auslln Balrd CalherSn¢ Campbell Olane Casement Oelrdre Balrd None of the Iruslees has any beneficlal Interest In th8 company. All of Ihe Irustees are memb8rs ol lh8 company and guarantee lo contrlbule £1 In th8 event of a wlndlng up. The Irug( es, report was rovéd by Ihe Board of Tru81888. Au8tln Baird Trustè8 D8led.' 14 September 2023
ERNEST BAIRD TRUST- THE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ERNEST BAIRD TRUST- THE I report on the accounts of the charity for th8 year ended 31 December 2022, which are set out on pages 5 to 10. Respectlve responslbilltles of trustees and examlner The truste85, who are also the directors of Ernest Baird Trust - Th8 for the purpos&s of company law, are responsible for the preparation of the accounts in accordance with th8 requirements of the Companies Act 2006. Having satisfied myself that the charlty Ss not subject to audit und8r company law, and is eligible for Independent examlnation. It is my responsibility lo.. examine the accounls under section 65 of the Charities Act <11) follow the procedures laid down in the general directions given by the Charity Commission for Northern Ireland under section 65{9){b) of the Charilies Act {iii) stale whether particular matters have come to my attention. Basls of Independent examlner's report I hav8 examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)Ib) of the Charities Acl. The 8xamination included a review of the accounting records kept by th8 charlty and a comparlson of th8 accounts presented with those records. 11 also included consideration of any unusual items or disclosur8s in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have come to my altenlion giving us cause to believe.. 1. That accountlng records wer8 not kept in accordance with section 386 of the Companies Act 2006 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirements of section 396 of the Companles Act 2006 and with the methods and principles of the Charities Stalement of Recommended Practice applicable lo Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland 4. That there is further information needed for a proper understanding of the accounts to be reached. Independent examiner's statement I have completed my examination and have no concerns in respect of the matters (1) 10 {4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing lo your attention. Hilary Farrell FCA for and on behalf of Moore (N.1) LLP 30-32 Lodge Road Coleraine BT52 1NB Dated: 14 September 2023
ERNEST BAIRD TRUST-THE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022 Unrestrlcted Unrestricted funds funds 2022 2021 Notes Income from: Donatlons and leoacAes 7,080 10,000 endlture on: Charitable activities 1,625 10,360 Net Incomel(expenditure) for the yearl N8t movement in funds 5,45S (3601 Fund balances at 1 January 2022 126 486 Fund balances at 31 December 2022 5,581 126 The statement of financial aclivi118s Indudes all galns and losses recognis8d In th8 y8ar. All income and expendlture derive from contirsuing actlvities. The statement of financial actIlIeS also comleS viith the requlrements for an income and expenditure account under the Companies Act 2006.
ERNEST BAIRD TRUST- THE BALANCE SHEET AS AT31 DECEMBER 2022 2022 2021 Not•s Current ag88ts Cash al bank and In hand 6,061 Crodltors: amounts falllng du• wlthln one y••r 1480) (480) Not currant assets 5,581 126 Incom• fund• Unrestrlcled fund• 5,581 126 5,881 126 The company Is 8nlltled to the exemption from tha audll rgqulremenl conlalned In gecuon 477 of the Compan188 Acl 2006, for the year 6nded 310e¢ember 2022. The dlreclors acknowledge Ihelr rnsponslbllltles lor Complylng vAlh the requlr6ments of th8 Companl8s Acl 2006 wllh respect lo accountlng records and Ihe preparatlon ol fina141 sl8lem8nls. The member8 have not requlred Ihe company to obtaln an audit ol Its financlal slal8menls for the year In que811on In accordance wllh secllon 476, Thege financl81 sialemenls hav8 b••n prepared and dellvarad In accordance wlth lh8 provlslons appllcable to companlés sublact io the small companl8s reglmo, Thefi anclal 818lem8nts wore approved by Ihe Trustees on 14 Sopl8mb8r 2023 -Austln Tru8t•a alrd Company r•ol•trallon numb•r N1061609
ERNEST BAIRD TRUST- THE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Accounting policles Charlty informatlon Ern8St Baird Trust The is a prfvat& company limited by guarant88 incorporated In Northern Ireland. The registered office is Laureldale Hall. Laurel bank, Comber, Newtownards, BT23 5EJ, Northern Ireland. 1.1 Accounting conventlon The financial statements have been prepared in accordance wilh the charilvs Memorandum and Articles of Association, the Companies Act 2006 and °Accounting and Reporting by Chariti8s.' Statement of Recommended Practice applicable to chariti6s preparing their accounts in accordance wilh the Financial R8POrting Standard applicable in the UK and Republic of Ireland IFRS 102)" las amended for accounllng periods commencing from 1 January 2019)- The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of Ihe provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Slatement of Cash Flows. The financial slatemenls ar8 prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial stalemenls are rounded to the nearest £, The prlnclpal accounting policies adopted are set out below. 1.2 Golng concem At the time of approving the financial ststements. the twslees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue lo adopt the going concern basis of accounting in preparing the financial slatemenls. 1.3 Charltable funds Unr8slricled funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as lo how they may be used. Endowm8nl funds are subject to specific conditlons by donors that Ihe capital must be malntalned by th8 charity. 1.4 Income Income is recognised when the charity is legally entitled to it after any performance condition5 have been met. the amounts can be measured reliably, and It is probable Ihal Income will be received. Cash donations are recognlsed on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. InGome tax recoverable in relation to donations rec8ived under Gift Aid or deeds of covenant Is r8cognised at the time of the donation, Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, Ihe amount is known, and receipt is expecled. If the amount is not known, the legacy is treated as a contin9ent asset.
ERNEST BAIRD TRUST- THE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Accounting policies (Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or conslructive obligation to transfer economic benefit lo a third party, it is probable Ih8t a Iransfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. 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 aclivlty are allocated directly to that activity. Shared costs which contribute lo more than one activity and support costs which are not atlributable to a single activity are apportioned between those activities on 8 basis consistent wilh the use of resources. Gantral staff costs are allocatèd on the basls of time spent, and depreclation charges ar8 allocated on the portion of the as88t's use. 1.6 Cash and cash equlvalents Cash and cash equivalents include cash in hand. deposits held at call with banks. other short-term liquid investments with original maturities of three monlhs or less, and bank overdrafts. Bank overdrafts are shown within borrowings in currenl liabilities, 1.7 Financlal Instruments The charity has elected to apply Ihe provisions of Section 11 'Basic Financlal Instwmenls. and Sectlon 12 'other Financial Inslruments Issues, of FRS 102 to all of its financial instruments. Flnancial Instruments are recognlsed In th8 charity's balance sheet when the charlty b8comes party to tha contractual provislons of the inslrumenl. Flnancial assets and Ilabilltles are offset, wilh the net amounts presented In the financlal stat8menls, when there is a legally 8nforceable right to set off Ihe recognised amounts and there is an intention to settl6 on a net basis or to reallse the asset and settle the Ilability simultsneously. Baslc flnanclal assets BasiG financial assets, which Include debtors and cash and bank balances, are initially measured at transaction price Including transaction costs and are subsequently carried at amortised cost using the effeclive Interest method unless the arrangement constitutes a financing transaction, where the transaction is measured al the present value of Ihe future receipts discounted al a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financlal liabilities Basic financial liabilities, including creditors and bank loans are initially recogni5ed at Iransaction price unless the arran9ement conslitutes a financing transaction, where the debt instrument is measured al the present value of Ihe future payments discounted at a markel rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost. using the effective interest rate method. Trade credilors are obligations to pay for goods or seNices Ihat have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised inilially at transaclion price and subsequently measured at amorlised cost using the effective interest method. Derecognition of financial Ilabllities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.
ERNEST BAIRD TRUST- THE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Accountlng policies (Continued) 1.8 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immedialely as an expense when the charily is demonstrably committed to terminate the employment of an employee or to provide termination benefits. Crltical accountlng estlmates and Judgements In the application of the charity's accounting policies, the trustees are required to make judgements. estim8les and assumptions about the carrying amounl of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual resulls may differ from Ihese estimates. The estimales and underlying assumptlons are revlewed on an ongolng basls. Revlslons to accounting estimates are recognised in the perlod in which the estimate is revised where the revision affects only that period, or in th8 perlod of the revlsion and future p8riods where the revision affects both current and future periods, Donatlons and legacles Unrestrlcted Unrestricted funds funds 2022 2021 Donations and glfts Gift Aid 7,080 8,000 2.000 7,080 10,000 Expenditura on charitable activitles 2022 2021 Charitable donations Governance costs (see nole 5) 662 963 10,600 1240) 1,625 10,360
ERNEST BAIRD TRUST- THE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Support costs Support Governance Gosts costs 2022 2021 Accountancy Bank fees 960 960 (240) 963 963 (240) Analysed beeen Charitab18 activities 963 963 (240) Governance Costs includes payments to the independent examiners of £960 {2021- £2401. Trustees Non8 of the Iruslees {or any persons Connected with them) r8C8ived any remuneratlon or benefits from th6 charity during th8 year. Employees The average monthly number of employees during the year was.. 2022 Number 2021 Number Total There were no employees whose annual remuneratlon was more than £60,000. Cradltors: amounts falllng due wlthln one year 2022 2021 Accruals and deferred income 480 480 Related party transactions There were no disclosable related party Iransactions during the year (2021 none). 10-