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 ap￿table 10 chant* prepanng their financial statements m accordan￿ with
the Finan¢¢al Report1ng Standard ar4)IicabÈ in the UK arKI Republic of I￿land 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 TnL*I Ltd present a swnmary of ts purpose. govemanc8, activit￿5.
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 Compan￿5 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 p￿r￿M)te petsonal growth that enables Indiv￿uals to make infomied
life choices and to encourage their pog'b've engagement with the c(NT￿Unitse$ 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(Ynp￿Y 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 c￿51$ts of all the appointed trustees.
The charity has 3 trustees on ils boar(l TIEY v￿￿ ap￿nted as trustees for thar necessary skills and experion
and the charity has aulhority ￿1h1n its rules to aFpoinl tlem.
Trustse induction trainin9
Each Trustee received irKlu¢tion trainir¥J through which they a￿ made aware of their legal ￿l93t￿)n5
under chanty and company Iww, the content of the memcrdrvjum and arb.cles of associatr'on, the governance
structure, the cornm￿ee and decsyion makirvj proc8sses. the business tyan and r￿n1 fingnoal perforrnanc•
of the charity.
Fln•n¢lal Revl•w
Financial perfOnnan￿ in the >ear to 31 Marth 2024 is consistent vnth TrJf exr*ctab'ons: a defiat of £3.249
The year ended with a generni fund balance of £603,454 (compared to £6[￿.703 ) for the same period last year.
Detailed accounts can be ft￿￿1 in the finan(ial statements.
Incom•
Income receipts ft)r the year lotalled £10,204.all ol is investrTW)l irthme. The Tru$Ys inca)me is all unrestricted
and remains CO￿$￿tent with p￿VIouS 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 charl￿S 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 Rep￿tir￿J ty cr￿nts$. Statement of Recommended Pracb'ce
IRevise¢J 2005)°.
The General fvnd is Lmrestrithd and 15 for the day to day operalion of the d)arity.
Reseryes are held in bank accounts.
At the 31 March 2024 , the General Fund had a balance of £603.453 (¢(ynpared k) £606.703 al 31 March 2023).
Maintaining a substsntial feser4e better chanty b meet the funding challenges which the y￿der
economic situatson may impose.
Investment pol
The tharity has invested cash reser#*S in a dwsit accouftt of £302.386 induded in cash at bank and rt has another
small Inveslment of £2437.
Principal Rlsks and Unc•rtalntle5
Risk Management
The Trustees thi nol consNJer there lo be s•3nificant risks for the tharity. There És the iisk of fraUdU￿nt claim5 for
fijnding through an application by a local organtsation. however that is why tre Trustees have a robust vetting
The Tntstees have a risk management strakn ccryrise5:
- An annual re4vthv ofthe prinopal risks arthj uncertainties that charity face5",
- The establtshmenl of pol¢ies. systems arKI prttedures to mrb3ate thcBe nsks identsfied in the annual reviw, and
- The implementstyon of procedures desoned to min1m￿ or manwJe any potential impact on charity should those
nsks matenalise.
Plan8 for future periods
The future plans for the chanty are to cl￿￿"nUe to SUPPL¥t the organisations it already assists with grant funding.
The TrLKStees are cul￿nIty fevJev47n9 the model ttw use for veth.ng arwj approiryng tre grants.
Twstee8
The trustees who seThed thrrxryhoul the fin￿(jaI year. ex(*pt as rK)ted. were as lo11tr￿.
Nicole Doherty
Imlliam Mcllroy
Noelke Mcclintock
In accordanee the mernorandum and artides of assrtiakn. the trustees retire by rotation and. bw.ng elwJible.
offer themselves for re-elethon.
Pay Pollcy for S•nlor Stsff
The chanty has no employees and Tru$*es are not rwnunerated for their *nrf(. r￿r are any out ol pod(et expenses
paid to Trustees.

The Limestone Trust Ltd
IA Com￿nY 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. standa￿5 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 be￿11 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 stateff*nts 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 fina￿lat 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 fina￿tal 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 pol￿￿e$ and apply them consi5tenlly."
make judgements and estsmales that are reasOr￿bbe a￿j 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* ccmpl*d wrth the aljove requirements in preparing the finafKial statements.
The trustees are reSp￿sIble 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 fina￿21 ststeff*nts cornply Y￿th. 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
irregularit*s.
Approved by the Board of Trustees on S September 2024 and signed on its behalf by:
Illlam Mellroy
Trusts•