The Limestone Trust Ltd IA company limitsd by guafaftiee. not havlng a caw TRUSTEES, ANNUAL REPORT for the finanaal year erKled 31 Marth 2024 The trustees present Iheir Trustees. Annual Rwf( elmbining the Directors. Report arnl TrusteÈs' RÈport. and the unaudited finanaal slatements for tre finanoal year etwjed 31 March X¢24. The financial ststements ale prepared m %cordance wrth the C(xnpanies Act 2006. FRS 102 "The Financial Reporting Standard applicable In the UK and Republic of Ireland- arwj Arxounting and Rewting by Charib'es.. Stalemenl of Recmimended Practice aptable 10 chant prepanng their financial statements m accordan with the Finan¢¢al Report1ng Standard ar4)IicabÈ in the UK arKI Republic of Iland IFRS 1021. The Trusiees, Report contains the inlormation required to be provsde(l in the Trustees, Annual Report under the Statement of Recommended Praclre ISORPI gUKtell The trustees ol the c(Ynpany are also tharity trustees foi the purpose of chanty law and urthr the MpanY'S constitirtKn are known as members of the board of trustees. In this re[ trustees of The Lirestone TnLI Ltd present a swnmary of ts purpose. govemanc8, activit5. achievements and finan$ for tr financial yew 31 Marth 2024. The charity is a regk%tered chanty and heno tr repjt results are Fyesented in a fom *Mch complies with the quirements of the Compan5 Aci 2006 and. althougtt fK¢I oblyd to c(mply with the Statement of Recommended Practice applicabb in the UK and Republic of IreSarKI FRS 102. the organisation has implemented its Tecomm8ndations where rekvanl in these financial slatements Mhslon, ObJe¢tlves and Strategy Obj•ctlves The principal activty is to support cornmunty Char[tsf> groups that th in Belfrdst, to improNp peoples. life 5ki115 and general wellbeing. The Trust aims lo prM)te petsonal growth that enables Indivuals to make infomied life choices and to encourage their pog'b've engagement with the c(NTUnitse$ in they live. There Is no private benefit The TnBt (x>rvsKler5 SUPPOrt for a wtde rdrwe of actiwtEs acrrtss North Belfast and will alkKate ndS to k>cal commtsnity groups and regi8lered charibes. Structurn, Gov•mance and IAanagemenl Gov•manc• The charity is Incorporated in Untted Kir8dcm. company numbèr N1034008. under the rules arxl memorandum and articles of associabon dated 16 Apnl 1998 It i8 a c(YnpY limited by guarantee. Charitabk ststus The Limestone TnJst Ltd is a registered charty with the Chanty Crynmissicm in Northem Ireland, registration number NIC 103551. It 1$ also recognised as a charty for taxation purposes by HMRC, registration number Ni¢XI071. Appointrnent ol Twstees The charity is managed by a bjard whth c51$ts of all the appointed trustees. The charity has 3 trustees on ils boar(l TIEY v apnted as trustees for thar necessary skills and experion and the charity has aulhority 1h1n its rules to aFpoinl tlem. Trustse induction trainin9 Each Trustee received irKlu¢tion trainir¥J through which they a made aware of their legal l93t)n5 under chanty and company Iww, the content of the memcrdrvjum and arb.cles of associatr'on, the governance structure, the cornmee and decsyion makirvj proc8sses. the business tyan and rn1 fingnoal perforrnanc• of the charity. Fln•n¢lal Revl•w Financial perfOnnan in the >ear to 31 Marth 2024 is consistent vnth TrJf exrctab'ons: a defiat of £3.249 The year ended with a generni fund balance of £603,454 (compared to £6[.703 ) for the same period last year. Detailed accounts can be ft1 in the finan(ial statements. Incom• Income receipts ft)r the year lotalled £10,204.all ol is investrTW)l irthme. The Tru$Ys inca)me is all unrestricted and remains CO$tent with pVIouS perfomiance.
The Limestone Trust Ltd IA ¢ompany limited by guarantso. not haviry a slwTr capt•l) TRUSTEES, ANNUAL REPORT for the financral year ended 31 March 2024 Expendltur• No rent was paid in 2024. Grants totslling £11,625 were distnbuÈd to charlS and voluntary Organi%lon$ during the year. detsils of which can be found on page 12. Financlal Results Al Ihe end of the financial year the charity has assets of £6.761 (2023 - £610.011) arKI kabI.eS of £3,308 {2023 - £3,308). The net assets of the thaiity ha decreased by £(3.250). R•s•rvM Po•Stlon and Pollcy Financial Mana98ment aTrJ Resepbes I)olrtes The board of twstees meets the requirefflents of the Chantes Act 2011. the Chanty Commission guidelines "Inlemal Financial Controls fDr Chant" and "Accountin9 aThJ ReptirJ ty crnts$. Statement of Recommended Pracb'ce IRevise¢J 2005)°. The General fvnd is Lmrestrithd and 15 for the day to day operalion of the d)arity. Reseryes are held in bank accounts. At the 31 March 2024 , the General Fund had a balance of £603.453 (¢(ynpared k) £606.703 al 31 March 2023). Maintaining a substsntial feser4e better chanty b meet the funding challenges which the yder economic situatson may impose. Investment pol The tharity has invested cash reser#S in a dwsit accouftt of £302.386 induded in cash at bank and rt has another small Inveslment of £2437. Principal Rlsks and Unc•rtalntle5 Risk Management The Trustees thi nol consNJer there lo be s•3nificant risks for the tharity. There És the iisk of fraUdUnt claim5 for fijnding through an application by a local organtsation. however that is why tre Trustees have a robust vetting The Tntstees have a risk management strakn ccryrise5: - An annual re4vthv ofthe prinopal risks arthj uncertainties that charity face5", - The establtshmenl of pol¢ies. systems arKI prttedures to mrb3ate thcBe nsks identsfied in the annual reviw, and - The implementstyon of procedures desoned to min1m or manwJe any potential impact on charity should those nsks matenalise. Plan8 for future periods The future plans for the chanty are to cl"nUe to SUPPL¥t the organisations it already assists with grant funding. The TrLKStees are culnIty fevJev47n9 the model ttw use for veth.ng arwj approiryng tre grants. Twstee8 The trustees who seThed thrrxryhoul the fin(jaI year. ex(pt as rK)ted. were as lo11tr. Nicole Doherty Imlliam Mcllroy Noelke Mcclintock In accordanee the mernorandum and artides of assrtiakn. the trustees retire by rotation and. bw.ng elwJible. offer themselves for re-elethon. Pay Pollcy for S•nlor Stsff The chanty has no employees and Tru$es are not rwnunerated for their *nrf(. rr are any out ol pod(et expenses paid to Trustees.
The Limestone Trust Ltd IA ComnY limlt8d by guayanm not h•vifftg a sh•rv ¢apiial} TRUSTEES. ANNUAL REPORT for the finanaal year ended 31 IAarth 2024 Compliance with S•ctor-Wide Legislation and Standan The tharity engages prG-ath"vely with legislation. standa5 and cc*Jes whtth are de¥Eloped for the sector. The Limeslone Trust Ltd subscnbes to arKI is cwiph'ant wth following.. The Compantes Act 20C6 The CharTlie5 SORP (FRS 102) Approved by the Board of Trust•M on S S•pl•mb•r 2024 and slgned on its be11 by: William Mcllroy Truste•
The Limestone Trust Ltd IA company limited by guarantee. not hèving a sharn ¢aphal) STATEMENT OF TRUSTEES. RESPONSIBILITIES for the financEal year erhded 31 Marth 2024 The trustees. who a a150 directots of The Limestore Trust Ltd for Ihe purposes of cornpany law, are responsible for preparing the financial stateffnts in acCOrdar wrth applicable law and regulatsons. Company law requires the tfUStee5 as the direclors to prepafe ffinancial statements for each financial year. UTrJer that law the trustees have elected to prepa the finalat statements in accordance with United Kingdom Generally Accepted Accountirg Practice {Uniled Kingd Accounting Standards and applicable law) including FRS 102 "The Financial Reporbng Standard aptyicable in UK and Republic of Ireland" Sethon 1A (Small Entitssl. Under company law the trusiees must not approve ts finatal ststements unless they are satsfied that they give a true and fair view of the stste of affairs of the company arwj of ts surplus or deficrt of the c(¥npany for that period. In preparing tlwe financial slatements. the trustees are required to.. select surtable accountr.ng pole$ and apply them consi5tenlly." make judgements and estsmales that are reasOrbbe aj prudent state whether the financ481 sL3tements have been prepared in accordan with ts relevant financial reporting framework, identity Ihose standards. and note the efÈct ana Ihe aSonS for any matertal departu trc¥n ihose standards. and prepare thè finanual statements on ts gtyTrJ concem basis unless it 15 inapproryiate to presume that the charty will CLMlinue in operatiM. The trustees confirni thai they haN ccmpld wrth the aljove requirements in preparing the finafKial statements. The trustees are reSpsIble fof keepifKJ a(quakn actountsrKJ records th81 ale suffK4ent to show and explain the charity's transath.ons and disclose wrth reasonable acoJracy at any b'me the financial position of the charity and enable them to ensure that the fina21 ststeffnts cornply Yth. They a also pOnSIble for safeguardin9 ihe assets of the rthanty and hen for taking reasonable steps lor the prevenbon afMI detecb'on of fraud and other irregularits. Approved by the Board of Trustees on S September 2024 and signed on its behalf by: Illlam Mellroy Trusts•