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2025-04-05-annual-report

THE CAPTAIN G M F IRVINE MEMORIAL TRUST

TRUSTEES’ REPORT FOR THE YEAR ENDED 5 APRIL 2025

The trustees present their annual report and the financial statements of The Captain G M F Irvine Memorial Trust for the year ended 5 April 2025.

The financial statements have been prepared in accordance with the Statement of Recommended Practice “Accounting and Reporting by Charities” (FRS 102) and the Charities (Northern Ireland) Act 2008.

Reference and Administration Details

The reference and administration details of the charity are as shown on page 2.

Objectives and Activities

Objectives

The objectives and purposes of the charity are:

Activities

The charity will manage the finances, land and buildings, maintaining and repairing the assets of the Irvine Estate. The income of those assets are to be applied for the purposes set out above in the Objects paragraph. The Rev G P Irvine died on 31 December 2019 and the assets of the Irvine Estate are in the process of being distributed. Whilst some pecuniary distributions have had been made by the 5 April 2025, the full estate had yet to be finalised.

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THE CAPTAIN G M F IRVINE MEMORIAL TRUST

TRUSTEES’ REPORT (continued) FOR THE YEAR ENDED 5 APRIL 2025

Public Benefit Statement

The trustees of The Captain G M F Irvine Memorial Trust confirm that they have complied with their duty under section 4(b) of the Charities Act (Northern Ireland) 2008 to have regard to the Charity Commission for Northern Ireland’s guidance on public benefit and that the public benefit requirement has informed the activities of the charitable trust in the year ended 5 April 2025.

Achievements and performance

During the year ended 5 April 2025, the charitable trust received net incoming resources of £38,118, mainly from income and dividends received from investments held in the portfolio managed by Evelyn Partners.

Financial Review

Financial Performance

The results for the year are set out in detail on pages 7 to 13. The charitable trust returned net incoming resources for the year of £38,118 (2024: £1,245,376).

Reserves policy

The charity does not have a reserves policy.

Structure, Governance and Management

Organisational Structure

The Captain G M F Irvine Memorial Trust is a charity, registered with the Charity Commission for Northern Ireland on 13 October 2015.

The charity is governed by the trustees, none of whom has a beneficial interest in the charity. They are assisted in the day ~~-~~ to ~~-~~ day running of the charity by: Crawford Lockhart Black, solicitors; Riverbank Estate and Land Management Ltd; and Evelyn Partners.

The names of the trustees who served during the year are set out on page 2.

Taxation status

The trust is recognised as a charity by HM Revenue & Customs.

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THE CAPTAIN G M F IRVINE MEMORIAL TRUST

TRUSTEES’ REPORT (continued) FOR THE YEAR ENDED 5 APRIL 2025

Trustees’ Responsibilities Statement

The trustees are responsible for preparing the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity 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 charitable trust and of the incoming resources and application of resources, including the income and expenditure, of the charitable trust for that year. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charitable trust and to enable them to ensure that the financial statements comply with the Charities (Northern Ireland) Act 2008. They are also responsible for safeguarding the assets of the charitable trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

; This report was approved by the Board on

30 January

~~_~~ 2026 and signed; on ;its behalf by:

M.AnelWD b)2%

Mr Michael D Watt

Charity Commission for NI number: 103642

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