Unaudited Financial Statements The Mcclure Fund For the year ended 30 June 2023 The Mcclure Fund Contents Page Reference and administratlve details of the Trusl, its Trustees and advisers Trustee's report Independent axaminer's report statement of financial activities Balance sheet Notes to the financial statemgnts 9-15 The Mcclure Fund Reference and administrative details of the Trust, Its Trustees and advlsers For the year ended 30 June 2023 Trustees Clcaver Fulton Rankin Trustees Limited Charity registered number 103781 Principal office ClcAirci Fiilton Rankin Trustees Iimited 50 Bedfoid Street BclFAst BT2 7FKV Accountants Grant Tkiornton Cliartcrcd Accountants 12 - 15 DonegAll Square Ivest Belfast BTI 6JH (N4 LLP Bankers Dan5ke Bank I)onegall Square Ivest Belfast BTI 6JH PwJe 1 The Mcclure Fund Trustee's report For the year ended 30 June 2022 Tlie Trustee present their Annual report togetlier ivid) the financial statements of tl)e Trust lor the l Jul}, 2022 to 30 June 2023. Tlie Cliarity registered number is 103781 And the iegi5tcIed olfice ts 50 Bedford Street, BellRst, BT2 7NV. Objectives and activities Policies and objoctives Tlie Tr115t's objective is to manage a shAre portfolio and pa)p rlie net income gener74 ted froin diat poitfolio to die cliaritable beneFiciarie5 namcd in thc ol the late Patrick Surgenoi PIinter ivlio died on 27tli NoiYeLnber 1988. b. Main activities undertaken to further the Trust's purposes for the public benefit The Trust ineets tlie Public Benefit Requirement in thc folloiving iva3': through thc Ad￿nCement of rcligion b}, die PIOTrTision OE liinds to die Grairehill fvIoravian Cliurcli to Trugmetit tlie local cliurcli ￿ndS ¢iIid for tlie geneiil purposes of Ilie cliurcli. Tlie direcr benefits ivl)icli floiv from this purpose incliide the iAcrea5cd Abilit)T of tlic cliiircli to use tlic funds to Advarjcc tlic Christian faitli and tlie beIief ￿ its pnnciples b}F using tlie moneJT to continue its vork of riising aivareness and understanding of thc Cluistian laith in dic local arca and ￿n0￿g the congrcgation of d)e cliurch. Tlie ditcct bcncfit5 arc dctnon5trAtcd t1￿0￿gI] iegu12r evaluatson of tbe v21ue m proiliding d]is moneji to die churcli" lioiv tliis ts iinpacting upon mdividuals. and Iioiv tliis proniotes understanding and aiv2reness ol tlie Cl)1lSti14 rt f2itli. Feedbclck is Also obtliined from beneficiaries. thi5 Putposc docs not leAd to liaini. Tlic beneficiAries OF tliis purposc is die congrc￿tiO￿ and incmbcrship of GraiTcliill MorAvi2n Cliurcli 2nd, ￿ turn, Ivider socieL}F ind in p￿tIcUl11, tliose ivlio live in close proiiinitir to tlic cliutcli. Tlicrc is no ptivatc bcncfit. Acliievements and performance a. Review of activities Tlic trust continued to manage the Advancement of rehgion by the provision OF Eunds to tlie Graireliill Th,IorlYll¢ n Cliuich to Rugmcnt tlic local churcli funds and foi die general purposes of die churcli. Tlie Trustee is pleased ividi die results of tl)e Tn]st throughout die year. b. Investment policy and performance The Trust manages a shAre portfolio 2nd pays the net income generated From tliat portEolio to the beneficiiries named in the ivill OE the Iate Pitrick Surgenot Printer. Page 2 The Mcclure Fund Trustee's report Icontinuedl For the year ended 30 June 2022 Financial teview Reserves policy Tlie Trust l)olds reserves 5uffiuent to meet the day to day requirements of operations. b. Going concern Alter making appropriate enquiries. the Trustces have a rcasonable expectation that the charAty, has adequ2te te50111CC5 to continuc in operational existence for the foreseeable Euture. For diis reason the}1 continue to adopt die going concern basis in preparing die fin2ncixl statements. Further details regarding the 2doption of the going concern basis can be found in the accounting policies. c. Flnancial overvlew During die }ie%r die trust made a loss OF £3,979 (2022 _ £3,566). At the end of the )iear the Trust had net assets 0£ £20,459 (2022 - £24,438). a. Constitutlon The Trusvs objective is to manage the investments and pay or apply the capitsl or the net income from those irLITestments to or toivard5 or Eor thc benefit of the bcncficiaties. Thcre haiTe been no ch*nges in the objectivcs since the Jast annuAI report. b. Methods of appointment or electlon of Trustee The manageinent of the trust is tlie responsibility of die Trustee ivho are elected 2nd co-opted under tlic tcrms of CleaiTet Fulton RAnkin Trnstee5 Limited was the sole tmstee. and also thc Govcrning Trnstee. of the Trust during tlie current 2nd prior )rear. The directots of CleAveI Fulton Rankin Trustees limited are: K L Blair J Forrester IKG GrAli2m P*Je 3 The Mcclure Fund Trustee's report (continued) For the year ended 30 June 2022 Statement of Trustee's responsibilities Tlie Tiustee is responsible For picpariftg thc Tru5tCC'5 rcport and die financial 5tkteLnents in accord&ncc ividi pplicablc laiv And United Kingdoin Accounting StAndiirds (United Kingdom Generally ilccepted ilccounting Practice). Tlie laiv Éipplicable to charities in Nortliein Ircland Icquircs dic Tnistcc to prcparc financial 5tatcment5 for eacli fknqnciql ivl]icli givc a truc aiid vieiv of die st2te of 2EFairs OF tlie Trust and OE its inioining reSOULces and application OF resources, including its incomc Rnd c1pcndi￿[c, for diat pcriod. ITh prcp&?ring tIic5c financiqt I statements, tlie Trustee are required to= select suit2ble Accounting policies and then apply them consistenti)'J ob5ervc dic mcthod5 And principlc5 01 die Charities SORP (FRS 102)" make judgements and accounting estAmRtes that arc IcAsonable And prudent" sLite ivhetlier applicable UK Accounting Stan(ktrds (FRS 102) liairc bcen folloivcd, subject to any inatcrffial departtires disclosed eNpl￿ned in rl)e financial stAteinents' prcpqrc tlTrc F￿2￿(121 statenients on tlie going concern basis unless it is inllppropriate to presuine t111t die TIust ivill continue ITh business. The Trustce 15 rcspon5iblc for kccping adcquate Accounting iecords that are sufficient to slioiv and explaio tlie Truses transactions and disclose ivitli reasonable accuiac}i at 1in}' tAine the financial position of the Trust and enable tliem to ensiire t1111 t thc financial statcmcAt5 compl)T Ivith tlic Cliaritics Act (Nortliern Ircknnd) 2008, tlic Cliaritics (Accounts and Repoits) Regulations (Noidiern Ire12nd) 2015 and tlie proirisions OF tlie Trust deed. Tlie}' 4 ie also responsjble for leguAiding dic Assets of tlic Trust And lience for taking reasonable steps for die pievention and detection OE frAud and otl)er irregularities. Approved b)r order OF the members of tile bokrd of Tmstec on 29 April 2024 And 5igncd on tlicir behalf b).: Cleavet Fiilto (rtustce) ankin Triistees Limited P￿e4