The Limestone Trust Ltd IA company limited by guarantee, not having a $har• ¢apltsll TRUSTEES. AND OTHER INFORMATION Trustees Nicole Dohety Fran￿S Ann Mdlroy (Resigned 31 March 20231 Wlliam Mdlroy Noelle McClintod( Charity Number in Northem Ireland 103551 Company Nurnber N1034008 Registered oifice and Principal Addres$ 10-12 Rosemary Street Belfast BT1 1QD Independent Examlner Malone Accountrng Ltd Chartered Accountants Ireland 12 New Street Newry County Down BT35 6JD The Limestone Trust Ltd IA company limlted ty guarnntoe, not havlng a share caprtall TRUSTEES, ANNUAL REPORT for the finanaal year ended 31 March 2023 The trustees present thèir Trustees. Annual Report, cx)mbining the Directors. Report and Trustees, Report. and the unaudited financial statements for the finanaal year ended 31 March 2023. The financial ststernents are prepared in accordance wth the Companies Act 2006. FRS 102 "The Finan￿al Reporting Standard applicable in the UK and Republic of Ireland" and Accounbng and Reports'ng by Chanbes.. Statement of Recommended Prath"ce applicable to charitres p￿paring their finanaal statements in accordan￿ wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 The Trustees, Report ￿ntainS the infortnation required to be provided in Uie Trustees. Aliiiucil Rep(Jil uiider Ihe Statement of Recommended Practice ISORPI guidelines. The trustees of Ihe company are also chanty Injstees for the purpose of charity law and under the company's consb"tub'on are known as members of the board of trustees. In this report the trl￿treS of The Lime31one Trust Ltd present 8 summary of rts purpose, governance, aGtivities, achievernen15 and finanix5 fDr the finan￿al year 31 March 2023. The charity is a registerÈd charity and hen￿ thp. rppnrt and resuhs 8re pregentsd in a fomi which complies with the requirement8 of the Companies Act 2006 and, although not obliged to comply wth the Statcmcnt of Rccommended Practi￿ applicable in the UK and Republic of Ireland FRS 102, the organisats.on has impleii)eJited its" ieLt)i¥irnendatlQn5 ere rdevant in these financial statements. Mission. Obioetives and Strategy Objectives The principal athvity 1$ kn sUPPOrt community and chantable groups that work in north Belfast. to improve peoples, life skills and oenÉral wellbeing The Trust aimq In prnmntp_ r)ersong19fovdth that enables individuals to maké infomied life thoicas and to encourage their posits.ve engagement with the communthes in which thcy live.There is no private benefit The Tnjsi conslders SUFPOn for a wde range of acu"viD"es across North Belfast ana will allocate ftjnds to local community qroups and registered charitEs. Structure, Governance and Management Governance The charity is incorporated in United Kingdnm r￿mPanY niimber N1034008, under the rules and mèmorandum and arb'des of associabon dated 16 April 1998.lt is a company limited by guarantee. ChaTTtable status Thè Limp.qtone Tnjst Ltd is 8 registered ¢thanty with the Charity Commission in Northém Ireland, registration numbor NIC 103551. 11 ib alsu TeGo9nisEd as a GhaTtty foi taxatson purposes by HMRG, registration numter N100071. Appointment of Trnsto Th& chanty 18 managed by a board whith consists of all the appointed trustees. The chanty has J trustees on its board. They were appointed as trustees for ne￿b￿d[Y bkillt> Cind experien and the cnanty has aulhonry Wlhin its rules io appoini them. F8ch Tnjstee received indLlCtion training through which they are made awgre of their leg31 obligations under charity and company law, the content ofthc mcmorandum and erb.des of associab"on, the goveman ituLluiE, the GUiTiwniltee and deGiSlDfi ITldking PrO￿55e5. the bu5ine55 plan and re￿￿t financial performance of the chanty- Flnancial Revlew Financial Perf(￿Mance in the year to 31 March 2023 is consistent our expectations," a defiot of £54,668 The year ended a general fvnd balance of £6C6,703 {compared to £661.371 ) for the same period last year. tktailed accounts can t* found in the finanrial statements. Incorne Income for the year totslfed £6762, all of which is investrnent income. The Trust's income is 811 unrestricted and remains consistent with previous performance. The Limestone Trust Ltd IA company limiipd by gu•rant98. not having a share caprtall TRUSTEES. ANNUAL REPORT the financsal year ended 31 March 2023 Expenditure Adtnini51rative expen5e5 are Gon515tent with the prewou5 year, the 2023 lolal is £61,430 compared to £48,647 in 2022. Grants totalling £10.550 were disln"buted to thè following charibes and voluntary organisations dLJrino thÉ year. lfjnship Care- £500 NSPCC- £10Crtl 3. Mane Curie- £500 Mill Hill Missionariès - £300 Emerald ABC- £2500 A5515i AnitrFal Sanctuary - £500 National Autsb¢ Society - £1000 8. Wave Trauma Centre - £1500 Versus Arthritss- £1000 10. Carers Nl - £1000 11. Boayshots Gym £750 Flnancial Rosults At the end of the financial year the chanty had asscts of £610,011 12022 - £664,679) and liabilitss of £3,308 (2022 - £3.3081. The net assets of the charity have decreased by £154,668). ReseNes Posltion and Policy Financial Management and Reserves Policies The board of Irustees meets the requirements of the Charitses Act 2011. the Charity Commission guidelines "Intemal Financial Controls for ChaTiknes' and "Accountsng and Reports'ng by Charitt"es.' Statement of Recommended Prath (Revised 20051" The General fund is unreslricted and is used for the day to day operab'on of the charity. Reserves are held in bank accounts. At the 31 March 2023 . the General Fund had a balance of £606,703 ￿mpared to £661,371 at 31 Marth 2022. Maintaining a substsnts.al reseNe wll better allow the chanty to meet the funding challenges which the wder economic srtuabon may impose. Investment policy The chanty has inve5te(I cash reserves in a deposit account of £305,636 induded in cash at bank which achieved rate of relum of 0.16°/o and it has another small investment of £2437. Principal Risks and Uncertainties 'sk Management There is a nsk of fra￿du￿nt daim$ for fvnding. However the Trustees hsve a robust vetting process to mits.gate that risk. The Trustees have a risk management slrategy which comprises.. - An annual rewew of the prinapal risks and un*rtainties that the charity fa￿S., The establishment of p(Aicies, systems and procedures to mitigate those risks identified in the annual review., and The implementabon of procedures designed to minimise or manage any potential impact on the chanty should those risks materialise. Plan3 for futyre period• The future plans for the charty are to continue to support the local organisatsons it already assists with grant funding. The Trustees are currendy reviewing the model they use for vetting and aFproving the grants. The Limestone Trust Ltd IA company limlted by guarantee, not havlng a share capil•l} TRUSTEES. ANNUAL REPORT the finan￿al year ended 31 March 2023 Trustees The trustee5 who setved th￿ughOut the finanual year, ex￿pt as noted. were as follows.. Nicole Doherty Frances Ann Mcllroy (Resigned 31 March 2023) Iliam Mcllroy Noelle Mcclintock In accordan￿ with the memorandum and arb.des of associab"on, the trustées retire by rotation and, being eligible, offer trEmselves for re-election. Pay Policy for Senior Staff The charity hgs no employees and Trust88s ar8 not romunorated for their work. nor are any out of pocket expenses paid to Trustees. Compliance with Sector-wide Legislation and Stsndards The eharity engagèg prt>3Ctiv8ly with legislabon. slandardg and ecdes which are developed for the Sector. Thè Lincstone Trust Ltd subscribes to and is compliant v*th the following.. The Companie5 Act 20Cfj The Charities SORP (FRS 102) Approved the Board of Trusto9s on 11 August 2023 and eign•d on its behall by: iam Mcllroy Trusteè