Charity Registration No. NIC101965 Company Registration No. N1061609 {Northern Ireland} ERNEST BAIRD TRUST-THE la company Ilmltèd by guarantee and not havlng a share capllal} ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
ERNEST BAIRD TRUST- THE CONTENTS Page Charity information Trustees, report Independenl examinevs report Statement of financial activitles Balance sheet Notes to the financial statements 7-11
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 examiner 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 2023 The trustees present their annual report and financial statements for the year ended 31 December 2023. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and 'Accounting and Reporting by Charities: Stslement of Recommended Praclice applicable 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 accounting periods commencing from 1 January 2019). Objectives and activities The organisation's principal focus is the advancement of Christ's Kingdom through providing financial support and grants to individuals and Christian organisations. Donations to the charity are generally received from the trustees. Donations received are then allocaled as Ihe Iruslees see fit to evangelical Christian groups and organisations that promote the fomation and growth of the Christian church. Advancement of Rel ion The main aims and purposes of the Trust in relation to the advanment of religion are to= Promote the formation and growih of evangelical Christian groups- -Assisl such groups in their efforts to bear witness to Jesus Christ as Saviour Lord and God., - To make gifts and grants to persons, Christian organisations and other organisations as deemed fil to support their ministerial work. The direct public benefits which flow frotn these purposes are: The organisations that receive our financial assistance can reach out lo 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 organisations and ministries we support encourage regular fellowship with other Christians and other churches which bring with theTn the benefits of inclusion in society and communities., - The promotion of Christian values for the benefit of individuals to adopt a moral framework where they are good citizens. Advancement of Education A socondary aim and purpose of the Trust is to make gifts and grants to persons, Christian organisations and other organisations to educate about Evangelical Christian beliefs and practices, proclaiming the Gospel of Jesus Christ. The direct benefils which flow from this purpose are spiritual. moral and intellectual developmenl, through teaching of the Bible, both for members of the Churches and Christian organisations we support and any mernber of the public who attends their seNices and events. The indirect public benefits which flow from these purposes include the moral improvement in society as a whole which religion is considered to encourage. All of the above benefits will be eVIdend through informal feedback from those who we provide financial assistance to. The chariws beneficiaries are the general public throughout the UK. The trustees have paid due regard to guidance 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 2023 Achievements and performance Financial review The company retumed net incoming resour$ for the year of £4,226 (2022- net incoming resources of £5,455). At 31 st December 2023 the total funds of Ihe charity amounted to £9,807 (2022 £5,581), comprised solely of general unrestricted funds. The trustees endeavour to mainlain sufficient funds to ensure that. in the event of a significant drop in funding, they will be able to continue the charity's current actiwties while consideration is given to ways in which additional funds may be raised. Assessment of Risk The trustees have assessed the major risks to which the chariiy is exposed, and are satisfied Ihat systems are in place lo mitigate exposure to the major risks. Plans for the future The Trust continues lo seek out opportunities to support individuals and groups which comply with the aims and objectives of the Trust. It plans to remain active and doesn't plan to amend its aim or objectives. Structure, governance and management The charity is a company limited by guarantee and is govemed by its Memorandum and Articles of Association. The trustees, who are also Ihe directors for the purpose of company law, and who served during the year were= Austin Baird Catherine Campbell Diane Casement Deirdre Baird None of the trustees has any beneficial interest in the company. All of the lrnstees are members of Ihe company and guarantee to contribute £1 in the event of a winding up. The stees, rep as approved by the Board of Trustees. nBa Trust Dated.. 10 June 2024
ERNEST BAIRD TRUST- THE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ERNEST BAIRD TRUST- THE I repart on the accounts of the charily for the year ended 31 Dember 2023, which are set out on pages 5 to 11. R&spective responsibilities of trustees and examiner The trustees, who are also the directors of Ernest Baird Trust - The for the purposes of company law, are responsible for the preparation of the accounts in accordance wth the requiremenls of the Companies Act 2006. Having satisfied myself that the challty is not subject to audit under company law, and is eligible for independent examination. it is my responsibility to: examine the accounts under section 65 of the Charities Act li1} follow the procedures laid down in Ihe general directions given by the Charity Commission for Northem Ireland under section 65191(b) of the Chartlies Act {iii) state whether particular matters have corne to my attention. Basis of independent examinevs report I have examined your charity accounts as required under seclion 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)(bl of the Charities Act. The examination included a review of the accounling records kept by the charity and a comparison of the accounts presented with Ihose records. It also included consideration of any unusual items or disclosures in the accounts. and seeking explanations from you as charity trustees conceming any such matters. My role is to state whether any material matters have come to my attention giving us cause to believe.. 1. That accounting records were 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 Ihe Companies Act 2006 and with the methods and principles of the Charities Statement of Recomrnended Practice applicable to charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland 4. That there is further infomiation needed for a proper understanding of the accounts to be reached. Independent examinerfs statement I have completed my examination and have no concems in respect of the matters {1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northem Ireland. I have found no matters that require drawing to your attenlion. Hilary Fa rell FCA for and on behalf of Moore (N.1) LLP 30-32 Lodge Road Coleraine BT52 1NB Dated= 30 June 2024
ERNEST BAIRD TRUST - THE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted funds 2023 Unrestricted funds 2022 Notes Income from: Donatior5s and legacies 14,949 7,080 Charitable activities 10,723 1,625 Net income and movement in funds 4,226 5,455 Reconciliation of funds: Fund balances at 1 January 2023 5,581 126 Fund balances at 31 December 2023 9,807 5.581 The slalement of financi21 activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
ERNEST BAIRD TRUST - THE BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Notes Current assets Cash al bank and in hand 10,287 6,061 Creditors: amounts falling due within one year 480 480 Net current assets 9,807 5.581 The funds of the charity Unrestricted funds 9,807 5,581 9.807 5,581 The company is entitled to the exemption from Ihe audit requiremenl contained in section 477 of the Companies Act 2006, for the year ended 31 December 2023. The direclors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audil of its financial statements for the year in queslion in accordance with seclion 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject lo the small companies regime. The rtancial statemenls were approved by the trustees on 10 June 2024 Ausli Trus Company registration number N1061609 (Northem Ireland)
ERNEST BAIRD TRUST - THE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies Charity information Ernest Baird Trust The is a private company limited by guarantee incorporated in Northern Ireland. The registered Offi is Laureldale Hall, Laurel bank, Comber, Newiownards, BT23 5EJ, Northern Ireland. 1.1 Accounting conventlon The financial statements have been prepared in accordance with the charity's Mernorandum 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 wtth the Financial Reporting Standard applicable in the UK and RepubliG of Ireland (FRS 102)° {as amended for accounting periods comTnencing from 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The charily has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterting. which is the functional currency of the ch8rity. Monetary amounts in these financial statements are rounded to the nearest £. The principal accounting policies adopted are set out below. 1.2 Golng concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus Ihe trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the twstees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. 1.4 Incorne Income is rewgnised when the charity is legally entitled to il after any perfomiance conditions have been met, the amounts can be measured reliably, and il is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised On the charity has been notified of the donation, unless performance conditions require deferral of Ihe amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otheNise if the charity has been notified of an impending distribution, the amount is known. and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
ERNEST BAIRD TRUST - THE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies (Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probab5e 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 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 activity are allocated directly to that activity. Shared costs which contribute lo more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.7 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financtal Instruments. and Section 12 'Olher Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charitvs balance sheet when the charity becomes party lo the contractual provisions of the inslnjment. FiTianGlal assets and liabilities are offset. with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and setue the 5iability slmultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are inilialty measured at transaction price including transaction costs and are subsequently carried al amortised Cost using the effective interest method unless the aangement conslitules a financing transaction, where the transaction is measL5red at the present value of the future receipls discounted at a market rale of interest. Financial assets classified as receivable within one year are not amorbsed. Basic finanGial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing iransaction. where tt)e debt instrument is measured at the present value of the future payments discounted at a market rale of interest. Financial liabilities classified as payable within one ye8r are not amortised. D8bt instruments are subsequenuy caled at amorlised cost, using the effective interest rale method. Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as cuent liabilities if payment is due within one year or less. If not, they are presented as non-currenl liabilities. Trade Creditors are recognised initially al transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities 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 2023 Accounting policies (Continued) 1.8 Employee benefits The cosl of any unused holiday entillement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed lo terminate the employment of an employee or to provide termination benefits. Critical accounting estimates and judgements In Ihe application of the charity's accounting policies. the trustees are required to make judgements, estimates and assumptions about the carying amount of assets and liabilities that are not readily apparent from other SoUrs. The eslirnates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may dtffer from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where Ihe revision affects only that period, or in the period of the revision and future periods where Ihe revision affects both current and future periods. Donations and legacies Unrestricted Unrestricted funds funds 2023 2022 Donations and gifts 14,949 7,080 Expenditure on charitable activities 2023 2022 Charitable donations Governance costs15ee note 5) 10,212 511 662 963 10,723 1,625
ERNEST BAIRD TRUST- THE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Support costs Support Governance costs costs 2023 2022 Accountancy Bank fees 480 31 480 31 960 511 511 963 Analysed beeen Charitable activities 511 511 963 Govemance costs includes payments to the independent examiners of £480 (2022 - £960). Trustees None of the trustees {or any persons CA)nnected with them) received any remuneration or benefits from the charity during the year. Employees The average monthly number of employees during the yearwas: 2023 Number 2022 Number Total There were no employees whose annual remuneration was more than £60.000. Taxation Th8 charity is exempt from taxation on its acttvilies because all its income is applied for charitable purposes. Creditors: amounts falling due within one year 2023 2022 Accruals and deferred income 480 480 10-
ERNEST BAIRD TRUST- THE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 10 Unrestricted funds 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 Ihey may be used. These include designated funds which have been sol aside out of unrestr(cted funds by the trustees for specific purposes. At 1 January 2023 Incoming resources Resources expended At31 December 2023 General funds 5.581 14,949 (10,723) 9,807 Previous year. At 1 January 2022 Incoming resources Resources expended At31 December 2022 General funds 126 7,080 (1,625) 5,581 11 Related party transactions There were no disclosable related party transactions during the year {2022 - none). 11