Charity registration number NIC102146
Company registration number N1008546 (Northern Ireland)
THE J.& M. TRUST LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

THE J.& M. TRUST LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr M R Johnston
MrJ R Johnston
Charity number
NIC102146
Company number
N1008546
Registered office
The Stables
29 Purdysburn Hill
Belfast
BT8 8JY
Independent examin8r
Miscampbell & Co
6 Annadale Avenue
Belfast
BT7 3JH
Solicitors
Ma¢Corkell Legal & Commercial
Garvey Studios
8-10 Longstone Street
Lisburn
BT28 1TP

THE J.& M. TRUST LIMITED
CONTENTS
Page
Trustees, report
Statement of trustees, responsibilities
Independent examiner's report
Statement of financial activities
Balance sheet
Notes to the financial statements
8-14

THE J.& M. TRUST LIMITED
TRUSTEES. REPORT {INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
The trustees present their annual report and financial statements for the year ended 30 September 2023.
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 trust's Igoverning document], 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).
The J. & M. Trust Limited has the company number N1008546 and is a registered charity, Charity number
NIC102146. The registered office is The Stables, 29 Purdysburn Hill, Belfast, BT8 8JY. The trustees during the
period and at the report approval date are Mr J. Johnston and Mr M. Johnston.
Objectives and activiti8S
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the
trust should undertake.
a. Policies and objectives
The principal activity is the advancement of the Gospel of the Lord Jesus Christ and for this purpose to raise funds
by means of subscriptions, donations and bequests and to make donations to subscribe money to or for religious,
educational or other charitable purposes.
b. Main activities undertaken to further the charity's purpose for the public benefit
The donations received by the charity are used to make grants for olher religious and charitable purposes, that the
Trustees are confident are in line with the charity's purposes and objectives.
The Trustees have regard to the Commission's Public benefit requirement statutory guidance.
Achievements and performance
a. Main achievements of the Company
The level of donations received has decreased this year and the level of donations made has also decreased. The
grants made for the year are substantially to known and approved charities, consistent with the charity's purpose
and objectives.
Financial review
a. Going Concern
After making appropriate enquires, the Trustees have a reasonable expectation that the Company has adequate
recourses to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the
going ¢oncem basis in preparing the financial statements. Further details regarding the adoption of the going
concern basis can be found in Ihe ac¢ounting policies.
There were no debts. either due to or by the charity, other than in the normal course of charitable activities.
b. Reserves policy
The Trustees do not consider a reserves policy necessary.
Structure, governance and management
a. Constitution
The J & M Trust Limited is registered as a charitable company limited by guarantee and was set up by a
Memorandum of Association.

THE J.& M. TRUST LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
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 M R Johnston
Mr J R Johnston
b. Methods of appointment or election of Trustees
The management of the Company is the responsibility of the Trustees who are elected and CCpOPted under the
terms of the Memorandum ofAssociation.
There is no individual or organisation wsth the power to appoint charity Trustees.
c. Organisational structure and de¢15ion-making policies
The two Trustees are closely involved in the decision making of the charity. The vast majority of the Trust resources
are applied to projects which the Trustees have a close knowledge and understanding and usually over the
long term. Trustees tend to support su¢h projects with grants over the medium to long term and build knowledge
and familiarity with grantees.
Since the Trust tends to support projects about which the Trustees have knowledge and understanding, it does not
receive applications for grants.
Funds held as custodian trustee
No funds are held as custodian.
The tru5tees' report was approved by the Board of Trustees.
Johnston
Trustee
9 April 2024

THE J.& M. TRUST LIMITED
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 30 SEPTEMBER 2023
The trustees, who are also the directors of The J.& M. Trust Limited for the purpose of company law, are
responsible for preparing the Trustees, Report and the financial statements in a¢cordan¢e with applicable law and
United Kingdom Accounting Standards (United Kingdom Generally A¢¢epted Accounting Practice).
Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair
view of the state of affairs of the trust and of the incoming resources and application of resources, including the
income and expenditure, ofthe charitable company for that year.
In preparing these financial statements, the trustees are required to-
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and prudent., and
prepare the financial ststements on the going concern basis unless it is inappropriate to presume that the trust 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 trust 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 trust and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.

THE J.& M. TRUST LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE J.& M. TRUST LIMITED
I report to the trustees on my examination of Ihe financial statements of The J.& M. Trust Limited (the trust) for the
year ended 30 September 2023.
Responsibilities and basis of report
As the trustees of the trust (and also its directors for the purposes of company law) you are responsible for the
preparation of the financial statements in acGordan¢e with the requirements of the Charities Act (Northern Ireland)
2008.
I report in respect of my examination of the Charity's financial statements carried out under the Charities Act
(Northern Ireland) 2008. In carrying out my examination I have followed all the applicable Directions given by the
Charity Commission under the Charities Act (Northern Ireland) 2008.
Independent examiner's statement
I have completed my examination. I confimi that no matters have come to my attention in connection with the
examination giving me Cause to believe that in any material respect:
accounting records were not kept in respect of the trust as required by section 386 of the 2006 Act.. or
the financial statements do not accord with those records., or
the financial statements do not comply with the appli¢able requirements concerning the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the
accounts give a true and fair view which is not a matter considered as part of an independent examination.
the financial statements have not been prepared in accordance with the melhods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable to charities
preparing their accounts in a¢¢ordance with the Financial Reporting Standard applicable in the UK arKI
Republic of Ireland (FRS 102).
I have no Concerns and have come across no other matters in connection with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Patrick Miscampbell
MisGampbell & Co
6 Annadale Avenue
Belfast
BT7 3JH
Dated: 9 April 2024

THE J.& M. TRUST LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Unrestricted Restricted
funds
funds
2023
2023
Total
Unrestricted Restricted
funds
funds
2022
2022
Totsl
2023
2022
Notes
ncome from:
Donations and
legacies
Investments
15,000
500
20,513
35,513
500
37,500
500
40,913
78,413
500
Total income
15,500
20,513
36,013
38,000
40,913
78,913
en
ureo
Charitable activities
21,626
31,085
52,711
71,418
34,800
106,218
Net expenditure for th8
yearl
Net movement in funds
{6,126)
(10,572)
(16,698)
(33,418)
6,113
(27,305)
Fund balances at 1 October
2022
18,609
20,831
39,440
52,027
14,718
66,745
Fund balances at 30
September 2023
12,483
10,259
22,742
18,609
20,831
39,440
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account
under the Companies Act 2006.

THE J.& M. TRUST LIMITED
BALANCE SHEET
AS AT 30 SEPTEMBER 2023
2023
2022
Notes
Fixed assets
Investments
10
15,080
15,080
Current assets
Cash at bank and in hand
9,182
25,740
Creditors: amounts falling due within
one year
11
{1,520)
{1,380)
Net Current assets
7,662
24,360
Total assets less current liabilities
22,742
39,440
Income funds
Restricted funds
Unrestricted funds
12
10,259
12,483
20,831
18,609
22,742
39,440
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the year ended 30 September 2023.
The directors acknowledge their responsibilities for ¢omplying 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 audit of its financial statements for the year in question in
accordance with section 476.

THE J.& M. TRUST LIMITED
BALANCE SHEET {CONTINUED)
AS AT 30 SEPTEMBER 2023
These financial statements have been prepared in accordance with the provisions applicable to companies subject
lo the small companies regime.
The financial statements were approved by the Trustees on 9 April 2024
Mrm
Trusteo
ohn5ton
Company registration number N1008546

THE J.& M. TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Accounting policies
Charity informatlon
J.& M. Trust Limited is a private company limited by guarantee incorporated in Northem Ireland. The
registered office is The Stables, 29 Purdysburn Hill, Belfast, BT8 8JY. Their registered company number is
N1008546, and their registered charity number is NIC102146. The principal activity of the company continued
to be that of fundraising for religious and charitable purposes.
1.1 Accounting convention
The financial statements have been prepared in ac¢ordan¢e with the trust's [governing documentJ, the
Companies Act 2006, FRS 102 °The Financial Reporting Standard applicable in the UK and Republic of
Ireland" {"FRS 102.) and the Charities SORP Accounling and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Finan¢ial
Reporting Standard applicable in the UK and Republi¢ of Ireland {FRS 102)" (effective 1 January 2019). The
trust is a Public Benefit Entity as defined by FRS 102.
The trust has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash
Flows.
The financial statements are prepared in sterling, which is the functional currency of the trust. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal a¢¢ounting
policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the trust
has adequate resources to continue in operational existence for the foreseeable future. Thus the 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 trustees in furtherance of their charitable
objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and
uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the trust.
1.4 Income
All income is recognised once the Company has entitlement to the income, it is probable that the income will
be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income
received for specific purposes but not expended during the period is shown in the relevant funds on the
BalanGe Sheet. Where income is received in advance of entitlement of receipt. its recognition is deferred and
included in creditors as deferred inGome. Where entitlement occurs before income is received, the income is
accrued.
Income tax recoverable in relation to investment income is recognised at the time the investment income is
receivable.

THE J.& M. TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Accounting policies
{Continued)
1.5 Expenditure
Expenditure is re¢ognised once there is a legal or Constructive obligation to transfer economic benefit to 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 activity. The costs of each adivity 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 allocate directly to that activity. Shared Costs which
contribute to more than one activity and support costs which are not attributable to a single activity are
apportioned be￿een 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 allocated on the portion of the asset's use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Company's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer is
conditional. such as grants being recognised as expenditure when the conditions attaching are fulfilled. Grants
offered subject to conditions which have not been met at the year end are noted as a commitment, but not
accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
1.6 Fixed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are
subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net
incomel(expenditure) for the year. Transaction costs are expensed as incurred.
A subsidiary is an entity controlled by the trust. Control is the power to govern the financial and operating
policies of the entity so as to obtain benefits from its activities.
1.7 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.
1.8 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 re¢ognised immediately as an expense when the trust is demonstrably Committed to
temiinate the employment of an employee or to provide termination benefits.
Critical accountlng estlmates and judgements
In the application of the trust's accounting policies, the trustees are required to make judgements, estimates
and assumptions about the carrying amount 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 results may differ 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 the revision affects only that
period, or in the period of the revision and future periods where the revision affects both Current and future
periods.

THE J.& M. TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Investments
Unrestricted Unrestricted
funds
funds
2023
2022
Investment income - Preference Share Dividend
500
500
Charitable activities
Charitable Charitable
Expenditure Expenditure
2023
2022
Orphanage Emmanuel and other support costs
Donations and support costs
31,085
16,943
34,800
66,454
48,028
101,254
Share of support costs (see note 6)
Share of governance costs (see note 6)
3,163
1,520
3,164
1,800
52,711
106,218
Analysis by fund
Unrestricted funds
Restricted funds
21,626
31,085
71,418
34,800
52,711
106,218
11

THE J.& M. TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Support costs
Support Governance
Gosts
costs
2023
Support Governance
costs
osts
2022
Office costs
Other expenses
3,150
13
3,150
13
3,150
14
3,150
14
Audit fees
1,520
1,520
1,800
1,800
3,163
1,520
4,683
3,164
1,800
4,964
Analysed between
Charitable activities
3,163
1,520
4,683
3,164
1,800
4,964
Governance costs includes payments to the auditors of £1,380 (2022- £1,260) for independent examination
fees.
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the
trust during the year.
Employees
The average monthly number of employees during the year was..
2023
Number
2022
Number
There were no employees whose annual remuneration was more than £60,000.
Taxatton
The charity is exempt from tax on income and gains falling within section 524 and 525 of the Income Tax Act
2007 or section 256 of the Taxation of Chargeable Gains Act to the extent that these are applied to its
charitable purpose.
10 Fixed asset investments
12-

THE J.& M. TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
10 Fixed asset investments
{Continuedl
Other
investments
Cost or valuation
At 1 October 2022 & 30 September 2023
15,080
Carrying amount
At 30 September 2023
15,080
At 30 September 2022
15,080
2023
2022
Other investments comprise-
Notes
Investments in subsidiaries
15
15,080
15,080
11 Creditors: amounts falling due within on8 year
2023
2022
Accruals and deferred income
1,520
1,380
12 Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balan￿S of
donations and grants held on trust for specific purposes-
Movement in funds
Incoming
Resources
Balance at
resources
expended1 October 2022
Movement in funds
Incoming
Resource$
Balance at
resources
expended 30 September
2023
Balance at
1 Octobgr 2021
14.718
40,913
{34,800)
20,831
20.513
(31,085)
10,259
13-

THE J.& M. TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
13 Analysis of net assets between funds
Unrestricted Restricted
funds
funds
2023
2023
Total Unrestricted Restrictsd
funds
funds
2022
2022
Total
2023
2022
Fund balances at 30
September 2023 are
represented by:
Investments
Current assetsl(liabilities}
15,080
(4,821)
15,080
7,662
15,080
5,751
15,080
24,360
12,483
18,609
12,483
10,259
22,742
18,609
20,831
39,440
14 Related party transactions
The J & M Trust Limited and Ideal Estates (Belfast) Limited have a common director. The total donaions
received, without conditions, amounts to £15,000 {2022- £7,500} during the year. The J & M Trust Limited and
Angello Development Foundation have a common director. The total donations paid amounted to £6.793
(2022.. £30,000).
15 Subsidiaries
Details of the trust's subsidiaries at 30 September 2023 are as follows..
Name of undertaking
Registered
office
Nature of business
Class of
% Held
shares held Direct Indirect
Ideal Estates (Belfast)
Limited
Northern Ireland Development of building
projects
Ordinary I
preference
99.00
14-