The Hampton Settlement Annual Report and unaudited financial statements for the year ended 31 December 2024 Charity number NIC102421 % L-l--l- l_ l- M L Nl-l- The Hampton Settlement Unaudited financial statements for the year ended 31 December 2024 Pages Reference and administrative delails Trustees, Report Independent cxaminer's report Statement of financial activities Balance sheet Statement of Cash flows Notes to the financial staternents 8- 11 The Hampton Settlement Reference and administrative details Chairperson Honorary Secretary Professor Ann Maric Gray Liam Hannaway Vice Chairperson Honorary Treasurer Jim Nicholson OLIE Caihal ManeLIy Trustees Profe550r Ann MariL Gray Jim Nicholson OBE Liam Hannaway Caihlll Manccly Registered O￿lCe / Prlncipal OITice 14 CollegL .Squar¢ Norih Belfasi BTI 6AS Bankers Danske Bank LimilLd Donegall .SquarL WLSI Beifasi BTI 6JS Solicitors Carson & McDnwLII Murray SirLei Bcifasi BTI 6DN Chartered Aceountants Mancely Mccdnn CharterLd Accounlanis & Siaiu¢ory Audi(()rs Ai%ling Housl 50 Siranmillis EiiibiinkniLni Bblfdsii B'I'9 5FL The Hampton Settlement Trustees, report for the year ended 31 December 2024 The Trust¢¢s of ihe Trusl submii Iheir annual report and Ihe unaudiled financial siaiemenis for (he year ended 31 December 2024. The Trnsiees confirm ihai ihe Annual report alld financial slalem¢nts of ihe chariiy Comply wilh Ihe current stalutory requiremenls. (he requirLmBnls of ihL charily's governing documeni and ihe provisions of Ihe Sialemenl of Recommcnded Prac(ice (SORP). applicable io charilies preparing their accounis IA accordance wilh Ihe Financial Reporting Siandard 3pplicablc in Ihc UK and Republic of Irelartd (FRS 102). Reference and adminlstratlve details Deiails of ihe principal address, Trnsiees. indetKnd¢nl advisors and oiher relevanl infomiaiion are given on page l. Structure, governanee and management The Hampion Seitlemeni ha5 been opcraling since 7 January 2010 as an unincorpornied Trnst which is recognised as having chariiable objeciives. This Tru5l is governed and managed by a Commiiiee of Trusiees in accordance wilh ihe Trusi Deed. Rtsk management The TrustC¢5 havc overall responsibilily for ensuring ihai ihe Trusi has in place an approprial¢ syslcm of contro15, financial and oiherwise, lo provide r¢a50nable assurance ihai: Ihe Trust is operating efficiently and effeeiively; lis assets are safeguarded against unauihorized use or disposition. proper records are mainiained and financial informaiion used wiihin the Trusl or for publicalion is rcliable., Ihe Trusi complies wilh relevant law5 and re8ulaiions' and Ihe Trusi's sysiems of financial conlrol are designed io provide reasonable, bui noi absoluie assurance against malerial missiai¢meni or loss. The major risks, to which the Trust 15 exposed, as ideniified by the Trustees. have been reviewed and syslems have becn esiablished io mitigale Ihose risks. Objectives and activitiesl publlc benefit test The Hampion Settlement exisls to mainiain a Trust Fund for ihe benefit of ihe beneficiaries. The beneficiaries are volvniary youth work organisalions Ihai rneet Certain cri(eria and have objectives re8aTding ihe help and education of young people in Northern Ireland primarily, bul nol exclusively, through their leisure aciiviiies wilh a view to the deY¢lopments of (heir physical. menial and spiritual capacilies. The direcL benefits whi¢h flow from the Hampton Seiilem¢nl includes improving (he physical. mental and spiriiual capabiliiies of young people in Nor(hern Ireland through education services. during Ici5ure pursuils. Achievements and performanee The Trusi Fuftd has been held in a fixed inleresi deposil accouni while Ihe Trusiees decide on ihe best inveslmenl Opiions for Ihe fuiure of ihe Trust Fund durin8 2024. The Hampton Seiilcmeni has been looking for opporlunili¢s during the year lo help or8ani5a¢ions ihrough ihis diffi¢uli period. During ihe twelve monih periTrl ended 31 December 2024. Ihe Trusi had net incoming resources of £28.848 (2021: £7.916). Finanelal review The Siaiemefti of Financial A¢iivilies for (he year is sei oul on page 5. The nei incoming resources for Ihe year amounted (0 £28,848. compared wi¢h nel incomin8 resources of £7.916 for ihe previous year. The accumulalcd funds amounied Lo £872.041 as of I l December 2024 (2023- £84.3.193). The Hampton Settlement Trustees, report for the year ended 31 December 2024 (continued) Fbnancial risk management ThL chariiy s opcraiions Lxposu li 10 a variL¥iy of financial risks ihai includL (he Ll-ILCiS of chaiigLs in liquidity risk and inlcresl raiL cJsh flow risk. ThL Lhdrily hus in placL' a risk Inanag¢m¢ni programmL ihlL I SLLk's io limi( (hL adi'LfsL LifLClS on IhL finanLial PLrf()miancu of th¥ Lharity by iiioniioring ILvels ol Lash and maint41ining Tro debi. GivLn Ihc 51ZL of thc chaTily, (hL TrusiLLS havL noi dLILgaiLd IhL ILSP()nsibiliiy of nioniioring financial risk Inanagemeni io a sub.commiltL'L of ihL hoard. Reserves ThL' chariiy's policy is 10 reioin a levLI of resLifvLS which maichLS thL nLLds of IhL charilahlL Lharily both ai Ihe currLni (ime and in ilie forLSCL'ablL fuiur¥. This also allows Ihe Lharily 10 plan lor Iu(urL developtnttnls. This is L51ifflalLd dl d resLrv¢ ILVLI ol £10.000 and g¢neral resLsfvLiS arL currLntly ahoYL iliis ICVLI. ThL rL'sLfvLS policy is rLviewLd annually. frLL fL'SLrvLs are IhosL' unrL.siricicd rcscrvLS noi designated lor, nor invested in fixLd assL15 and which arL' availahlL for gcneral USL and can be d¥signaied for I'uiurL dLVLI()pmLn¢s. Plans for future periods Thc Haniplon Seiileinent inl¢nds lo ¢onlinue 10 Liiher rLl¢iin IhL Trusi Fund nr sill It and inVL81 lh¢ proL¢¢ds in or upon any invL'simLnLs auihorised by law wilh pou'er from ¢imL to lime i(1 c'liangL' such illVL.8imLnlS upon Irusi Ihai boih ihL incoi))e and IhL capilal ihLreof shall bL )pplicd in Ihe unfeiierLd discrLblion of ihL TrusiLL% Ii) or for ihL hLnLfii ul iiny on¢ or mor¥ vf lh¢ Bcncficiaries. Statement of Trustees, responsiblllties Thc InJslLCS afL rLsponsiblL for preparing Ihe TruSlLLS' Annual RLpori and Ille I'inllncidl siaiLIIILliiS in llccorddneL wilh appliLdblL Idw and UnilLcI Kingd()m Accounting Siandar(Is (Uniied Kingdoiii GLllLrally AceLPLLd AcLounling Praciice). ThL law 4ippli¢ablL 10 L'hariliLs in NorihLrn IrLland rLquires ihL IruslLLS li) preparL. finanLial sldlLillLnls flir LJLh findllLi¥I y¢Jr whicl) give a Iruc and fJir vicw i)f Ihc siaie of al-fairs ol. Il)e charily and nl. IhL incoming rLSI)ufcL% and Jpplic411ion of resources of Ihe chariiy for ihai pcriod. In preparing IhesL financial SlaiLni¢nls, IIIL IrusiLLS arL fLquir¥d io.. selec( suitablL aLcouniiDg poli¢iLS and IhLn npply Ihlin consisiLnily: vbsLrvc ihe mLiliods and principlvs In IhL ChJriiiL% SORP: make judgiiiLnts and Lslimaies ih'dl rLasunablL and prudLlII; siaiLTr whL>ihLr applicable accvunling slandards. comi)rising FRS 102. havL bLLn followLd. subjLcI Ic) any muiciial depariurcs disLIosLd and LxpldinLd in thL liiiaiicial slatLmLni4', Jnd prLpare Ihe linJnci¢il slal¥in¥nls 011 ihL going LOIICLrn bdsis unlL.4S li is inappr()prialL 11) pfLsuinL Ihai ihL Lhariiy will coniinuL in husinLss. ThL IrusiLLS arc rL*.qpon.siblL lor keLping propLf JLCI)unling rLLoril.% Ih¢il disL105L' wilh ILosondhlL 4lCLuracy #i any iimL lh¢ rinancial posiiion of ihL chari(y and LnablL ihLm ID LnsurL Il)ai IhL findnLidl sialLmunl4 LC)mply wilh IhL cli4irillL% ALI INf)riliLrn IrLland) 2008 and ThL ChuriliL.% (ALLI)unls and RL'p(Ir15) RLgulalinns {NarihLrn IrLlandl 2U15. 1"IILy arL a150 rLSPQ:i.%ibl¢ lor $11 &U4Lrding lh¥ aisLlS [)( IhL Lharil)J an(1 hLncL r(Ir iJking rLa%onahlL slLPS l()r Il)¢ prL%'Lnii4)n and (ILILLliOlI of fraud ()(hLr irrLg?uldriiiLS. Thu Ii"USlLLS arL' rLspnnsiblc for lh¥ mainiLnJnL¥ Jnd iniLgrify ol. Iho charity and IinJnLiJl Inl()rmLl1ion inLludLd on IhL cliariiy's WLbsitL. LLgislJlion in th¢ Unilid Kingdi)ni &TrOVLrning ihL pfLparaii()n dnd dis%Lmindii()n ()I' finJnLidl SlcllLiiILnis nia} ¢Jifiir rrom ILgislaiion in othLr jurisdictions. By i)rdLr of IhL Tru51LL4 Pri)lissor Ann Mari¢ Gray Ch8irperson The Hampton Settlement Independent examiner's report to the charity trustees of The Hampton Settlement (the "Truse,) I report on the accounts of lh¢ TTusl for the year ended 31 Decernb¢r 2024. which are set oul on pages 5 10 11. R￿PeCtiVe responslbilltles of charity trustees and examiner As ihe charity's trustc¢s you are responsible for ihe preparation of the accounts in accordance with the Chariiies Act INorthern Ireland) 2008. It is my responsibiliiy to: Examine ihe accounis under section 65 of the Chariiics Aci. Follow Ihe pro¢edur¢s laid down in the general Direciions given by ihe Cornmi5sion under seciion 65(91(bl of ihe Charilies Aci. Siale wheiher pariicular mai(ers have come io my aiiention. Basis of independent examiner's report have examined your chariiy accounis as required Under seciion 65 01 Ihe Charities Aci and my exarninaiion was Carri￿ oul in accordance with ihe general Direciions given by the Chariiy Commission for Nonhern Ireland under se¢iion 6519)(bl of the Charili¢s Acl. My examinaiion included a review of the accoun(ing recoTds kepi by the charity 8 comparison of the a￿ount5 presenied wilh Ihose records. Ii also ineluded consideraiion of the accounts presenied wilh ihose records. li also included consideraiion of any unusual ilems or disclosures in Ihe accounis. and seeking explanaiions from you as charity Irustees concerning any such mallers. My role is lo siaie where any maierial mai¢rs have come to my aiieniion giving me cAuse io believe.. Thai accounting records were not kepl in accordance with seclion 61 of Ihe Charities Act. 2. Thai ihe a¢counls do nol accord with Ih05e o¢¢ouniing records. l. Thal the account5 do nol comply with Ihe accounting requiremenis of ihe Ch8riiies A¢[. 4. Thai there is further information needed for a properly tsndersiandins of ihe accounis to be rea¢hed. Independent examlner's sts¢ement I have compleied my examinaiion and have no concerns in respecl of lh¢ mallers ( l) 10 (4) lisLed above and, in conneciion wilh Ihe following (he Direciions of the Ch8riiy Commission lor Norihem Ireland, I have found no malters thai require drawin8 10 your aii¢niion. Edel Kerr Independenl Examiner Aisling House 50 Siranmillis Embankmenl Beifasl BT9 5FL The Hampton Settlement Statement of financial activities for the year ended 31 December 2024 2024 Incoming resources Incoming resources from generated funds Invesimenl incomL 28.998 28,998 10.016 10,016 Totsl incoming resour£es Resovrces expended 150 2,100 2,100 7,916 Total resource5 expended Ncl incoming resource.% for the year Reconciliation of funds Iso 28,848 Total funds hroughi forward Total funds carried forward 843,193 872,041 835,277 843,193 All amoun1% above rLlaLL Io CDAiinuing unn'siri¢iL(l opuraiions of Ihe Trusi. The Hampton Settlement Balance sheet a8 at 31 December 2023 2024 Noie Current assets DebtOTS 10249 863,742 1,950 872,041 I￿38 843JOS 1,950 843,193 Cash at bank and in hand Creditor5- amounts falling due within one year Net assets Tr￿st funds Unresiricied funds 872,041 843.193 The financial siaiements on pa8e$ 5 10 1 I were approved by the Trustees on .1,42( and were signed on its behalf by.. Pmfessor Ann Marie Gray Chairperson Cathal Maneely Honorary Treasurer The Hampton Settlement Statement of Cash flow statement for the year ended 31 December 2024 2024 202.1 Noie Cash Ilows from operating aelivities Nei cash provided by OPLraiing activities Change in cash and eash equiialenLs in the year Cash and Lash Lquiyalenis ai lh¥ b¢ginning ol y¢ar Cash and cash equivalents at the end of the year 10 20,437 9866 9,866 833,439 843,305 863,742 The Hampton Settlement Notes to the financial statements for the year ended 31 December 2024 Accounting pollcles The financial stsiemenis have been prepared on a going concern basis under ihe historical cosi conveniion and in acLordanc¢ with the S￿￿men1 of Recommended Praciice (SORP), "Accounting and Reporiin8 by Charities" applicable io charities preparing iheir accounis in acwrdance with ihe Financial Reporlin8 Standard applicable in the UK and Republic of Ireland (FRS102) elfcc(ivc January 2015 - (Charities SORP (FRS102)l. The principal accouniing policies which have ￿en applied consistenily ihrou8houi th¢ year, are sel out below. Incoming ruourtes Voluntary fincon Voluniary income is teceived by way ofdonaiions and sponsNship5 gifts and is included in full Tn ihe Sialem￿l of Financial Aclivilies when JEceivable. Other Incomlng resources Oiher income is included in full in the Statemeni of Financial Activiiies when reeeived. Grnnts Revenue gTanis are credited lo incoming resources on Ihe earlier dale of when ihey 8re received or when they are receivable. unless they ielaie lo a spwific fulure period in which case ihey are deferred. Impairment of non-financial assets Ai each balance sheei dale non-financial as5els nol carried al fair value are a$￿$Sed io dc(erniine wheiher there is an indication Ihai the assei (or assel's cash 8cneraling unit) may be impaired. If iheTe is such an indicalion Ihe recoverabl¢ amounl of ihe assei (or assel's cash gener)ling unil) is compared lo Ihe Carrying amouni of ihe assel (or asscl's cash generaling unil). The recoverable amounl of Ihe assei (or assei's ¢4sh generaiing unii) is ihe higher of the fair value less cosis lo sell and value in use. Value in use is defined as ihe preseni value of ihe fulurc cash flows before inleresi and tax obi8in8ble as a resuli of ihe asset's (or assel's cash gerteraiing uni() coniinued in use. These cash flows 3re discontinued using a pre-lax discouni rale Ihal reprcsenis Ihe curreni market Tisk-lrec rale and Ihe risks inherenl in the asset. If ihc recoverable amounl of the as5el (or assei's cash generaiing urtii) is esiimaied io be lower ihan the caTrying amoLbni, the carrying amount is reduced io ils recoverable amounl. An impaimieni loss is recognised in the siaiemeni of financial activiiies. If 8n impairm¢nl loss is subsequcnily reversed. Ihe carying amounl of Ihe as5¢t (or assei's cash generating unii) is increased the revised esiimaic of ils recoverable amounl, bui only lo the extenL that the r¢vis¢d carying amouni does noi exceed Ihe carrying amouni ihai would have be¢n delermin¢d (nei of depreciation or Amorlisaiion) h￿1 no imp8irmeni1055 be¢n reeognised in prior periods. A reversal of an impairment loss is recognised in thc slaicmeni of financial aclivilie5. Resources expended All expendiiure is aeeounied for on an accnjals basis and has been cl&ssified under headings ih8t a88regaie all cosis relaied io ihe category. Where cosis cannot be direcily aiiribuied io pani¢ular headings they have been allocated io aLlivilies on a basis consisfeni with use of ihe resouTces. Cost of genera¢inE funds These include direcl expendIlu￿ and overhead costs incurred in seneraling funds for (he Trusi. The Hampton Settlement Notes to the financial statements for the year ended 31 December 2024 Accounting policie5 (continued) Charitsble activities ChariiablL cxtKndiiure comprisLS ihosL CO.%ts incurred by Ihe Trusi in Ihe dLIivLry of 11% aciiviiiL5 and servicLS for 115 b¥neficiaries. It includes boih Losis Ihai can hc allocaied direcily io such aciiviiics and Ihosl cosis of an indireei rtaiure nec¢.54ary lo supply Governance eosts Govcrnance cosis includL ihc)s¢ InCu￿¢d in Ihc GovLrnanLL of 11.% as5L'15 whiLh arL dSsocia(Ld wilh consliiulional tsTrd.8iaiuiory TequirL'nienlS. Taxation The Trus1 is rLcob*nisLd by IhL HM RLVLllUL & Cusioins as a chariiy and. accordingly. has no liubiliiy 10 laxaiion On lis chariiable aClivi¢iLS. Financial iThstrnments The irusi only has financial usse(s and financial liabiliiiLS of a kind Ihal qualify as basic financial inslrun?¥nts. Basic financial insirumenls are iniiially rLcognisLd #i Irunsaciion pric¥ and subsLqULnily mLasurLd ai ihLir sciilcmeni value. unlLSS Ih arrangem¥ni constilUlLS a financing Iransa¢lion. FinanLing Iransaclions arc inilially mcasurL"d ai (lie presLni valu¢ of ihe fulure receip14 discounlLd al a markLI ralc of inleresi, and arL sub5L4ULnily catticd a( ainor(iscd ¢051, using (he LffLCliV¢ inlcre51 rale mLI(hod. Fund accounting All fund.s rL'cGived arl unrbsiriciL(i in use and arL ¥xpcndablL al the dtscre(ion of Ihe Truii in l-urihcrancL of IhL objccis of the Trus1. CritlcAI accounting judgements. and estimation uncertainty E%iima1¢5 and judgiLJnLnlS arc Loniinually evaluJiLcI Lind ai'L bJsL.d on liisloricdl LXPLfiLnLe and c)IlILr faeii)r.¥, inLluding cxpcclalions of fuiur¥ ¢vLnis ihai arL h¥li¥v¥d 11) ￿. rLasiindblL undLr Ihc cirLUrtisian¢¥.s. Ci'iiicnljiid8eiiieiils iii (Ippl)'iiig ilie eiiiili I. accoiiiiiiiig i?alicies I'hLre llrL ll() ¢ri¢ical judg¢m¢nis in applyin¥ IhL Loinpany's dLLOUlllin& p()Iiiius. Cj-ifical accoiiiiiiiig e51iiiic4le.r iiiid asJ'i(Jiiplioii.r ThLrL arc n£) criiiLal acLuunling L.SlinidlLS und Jssumpiions. The Hampton Settlement io Notes to the financial statements for the year ended 31 December 2024 Incomlng resources from generated funds 2024 Investmenl income Bank inl¢r¢si 28,998 10,016 10.016 Incomlng resources from generaied funds Charitsble aetivlties 2024 Vouchers 1,950 AccouniBncy fees Bank Fees 150 150 150 2,100 Analysls of stalf eosts, Irustee remuneration and expenses, and the key cost of key management personnel The Trysi employs no siaff and rherefore no key managemeni personnel Ihai needs io be disclosed (2024: Nil). The Tiusl¢e5 Teceived no emolumenis or reimbursemeni of expenses d¥ring Ihe y￿r (2024: Nil). No indemnily insurance fol TnJslee5' liabilily h85 been pU￿h35¢d by Ihe Trusi (2024: Nil) Taxation The Trusi is a registered charity, and as such is enliiled lo certain tsx exemplions on income a￿d profits from inveslmenls, and surpluse5 on any irading aciiviiies carried on in furtherance of ihe Trusl's primary obj¢¢liv¢5. if ihese profils and surpluses ore applied solely for chariiable purposes. Credltors - amounts falllng due wlthln one year 2024 Accrua15 1,950 1,950 1,950 1,950 Debtors - amounts falling due within one year 24 202.3 Accrucd incomc 10,249 10.249 1,838 1038 The Hampton Settlement Notes to the financial statements for the year ended 31 December 2024 Statement of funds At l January 2024 At31 December Incom¥ ExpLndilurL' 2024 Totgl funds 843,193 28,998 150 872,041 10 Reconciliation of net movement in funds lo net cash flow from operating aclivities 2024 202.1 NLI incoinL lor il)c year la.4 PLr.SiaiLtnLnl or rinancial acliviiies) (DLcrLasclllncrLa.se iii ciidi(()rs (Incr¥ase) in dLhior8 Net cish prtsvidLd by operoling aclivities 28,848 7,916 1.950 (8,411) 20,437 9,866 11 Financial instruments ThL Lompany hus IhL following I'inancial insirumLni hLld at amorli5Ld Li?51 2D24 Cdsh di bank and in han(1 863,742 84.3,305 12 Relaled party transactions aiid ultimate Controlling party ThLrL wLrL no rLlalL(I pariy trtsn5JCiions durillg IhL yLar12024- Nill. ThLfL is n() uliiniai¥ Lonlri)Iling pariy.