Charity Reference No. 103846
JOHN ATCHESON FOUNDATION
TRUSTEES. REPORT AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

JOHN ATCHESON FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES (Income and Expenditure Account)
FOR THE YEAR ENDED 5 APRIL 2024
Unrestrlcted Reslrlcted
funds
Funds
Total
funds
2024
Total
funds
2023
2024
2024
Noles
Incomlng resources
Divid8nds & socurities
Interest received
Other income
96,796
4,010
34,361
96,796
4,010
34,361
101.048
7,406
11,291
Total Incomlng resources
135,167
135,167
119,745
Resources expended
Prolessional fees & expenses
Distributions
{19,8911
1155,5001
{19,8911 {22,9871
(155,500) (112.0001
Total resources expended
{175,3911
(175,3911 {134.9871
Realised gain I (loss) on disposal
of investments
Gain I Ilossl on disposal of
investments property
49,205
49,205
229,870
{16.5621
{16,562}
Net incoming l (ouigoing)
resources
7,581
7,581
214,628
Recognlsed galns and losses
Unrealised gains I (losses) on revaluation
of investments
30.501
30,501 1403,153)
30,501
30,501 (403,1531
Net Incoming resources for the
year
22,920
22,920 (188,525)
Funds brought forward
Funds carried forward
3.847,186
3,870,106
3,847.186 4,035,711
3,870,106 3.847,186

JOHN ATCHESON FOUNDATION
BALANCE SHEET
FOR THE YEAR ENDED 5 APRIL 2024
2024
2023
Notes
Flxed assets
Investments
Investrnent property
5&6
3,787,554
3,478,448
60,000
3,538,448
3,787,554
Currenl assets
Cash at bank and in hand
89,960
315 871
89,960
315,871
Credltors: amounts falllng due wilhln one year
7.407
7,132
Net currenl assets
82,553
308,739
Net assets
3,870,106
3,847,186
Unre51ricted Funds
Fair value reserve
Income reserve
Capital reserve
Total funds
10
10
1.264,656
{107,307)
2,712 757
3,870,106
1,250,717
167,0831
2,663,552
3,847,186
03 Jun 2025
The accounts W8r8 approved by the Trustoes on
and signed on their behalf by:
n5
Signed=...-...........-.-...................
Signed-..........-..........
Print name: Mark Regan
Print name.. Chris Mccleane
Trtsstee
Truslee
Charity No. 103846
The notes of pages 7 to 12 lorm part of these financial statefflents.

JOHN ATCHESON FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 5 APRIL 2024
1. Accountlng pollcles
The following accounting policies have been applied Consistently in dealing with items which are
considered mat8rial in relation to the financial statements.
1.1 Basls of preparallon
The financial statements have been prepared under the historical cosl convention and in accordance
with th8 accounting policies set out on pages 7 to 12 and comply with the Charity's Memorandum and
Articles, the Charities Act (Northern Ireland) 2013,applicable law and Accounting and Reporting by
Charities- Statement of Recommended Praclice applicable to charities preparing their accounts in
accordancg With Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland IFFIS
1021 leffgctive 31 January 20221- The Charity is a public benefit enlily.
1.2 Incomlng resources
All incoming resources are recognised once the Trust has entitlement to the resources, it is certain
that the resources will be received and the monetary value of incoming resources can b8 measured
wilh SLrfficient reliability.
1.3 Resources expended
Liabilities are recogni5ed as resources expended as soon as there is a legal or constructive obligation
committing the Trust to the expenditure. All expenditure is accounled for on an accruals basis and has
been classified under headings thal aggregate all costs related to the category.
Distributions are payments mad8 to third parties in th8 furtherance of the charitable objectives ol the
Trust. Dislributions are accounted for when the recipient has a reasonable expectation that they will
r8C8ive a distribution and the Trust8gs hav& agreed to pay the distribulion without condition.
1.4 Fund accounting
The Trust has two funds, an Income Fund and a Capital Fund, which are wholly unrestricted.
Unrestricted funds comprise Ihose funds which Ihe Trustees are free to use for any purpose in
furtherance of the Trust's objects.
1.5 Investments
Investmenls are slated on the balanc8 sheet at fair value and all movements. including realised and
unrealised gains and losses, are shown in the Stalement of Financial Activilies. Realised gains and
osses are the aggr8gate of profits and losses of sales of investment units.
1.6 Taxation
As a regislered charitable trust, the Trust is not liable to etther Income Tax or Corporation Tax.

JOHN ATCHESON FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEARS ENDED 5 APRIL 2024
1.7 Debtors
Short lerm debtors are measured at transaction price {which is usually the invoice price), less any
impairmenl losses for bad and doubrful debts. Loans and other financial assets are initially recognised
at transaction price including any transaction costs and subsequently measured at amortised cosl
determined using the effective interesl method, less any impairment losses for bad and doubtful debts.
1.8 Credllors
Short term creditors are measured at transaction price {which is usually the invoice price). Loans and
other financial liabilities are initially recognised at transaction price net of any Iransaction costs and
subsequently measured at amortised cost determined using the effective interest method.
1.9 Cash
Cash at bank and cash in hand includes cash and short term hwJhly liquid inveslments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.
1.10 Flnanclal Instruments
Th8 trust only has financial assets and financial liabilities of a kind that qualify as basic linancial
instrumenls. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlgmenl value, with the exception of any interest bearing loans which ar8
SLsbsequently measured at amortised cost using the effective inter8st method.
Dlvidends & securities
2024
2023
UK dividends
UK Unit Trust & OEIC dividends
Property income dividends
Overseas securities
59.104
22.089
461
15.142
59,157
24,036
896
16,959
96,796
101.048

JOHN ATCHESON FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEARS ENDED 5 APRIL 2024
Professlonal tees & expenses
2024
2023
Investment fees
Independent examination fees
Administration expenses
Legal f8es
16.173
3.005
713
16,289
2,750
397
3,552
19.891
22,987
Distributions
2024
2023
Marie Curie
Nl Hospice
Northern Ireland Polio Fellowship
Comber Youth For Christ- Northern Bank Ltd
Salvation Army Donation - Reliance Bank Ltd
R05ie'S Trust- Santander Uk Pl
St Vincent De Paul. St Therese - AIB Group (Uk) PIC
Mcdonald Centre - Northern Bank Ltd
Belfast Homeless - Bank Of Ireland
Belfast Homeless Servic8
Aware Defeat Depression
Ballykelly Primary School
Care Zone
Coast
Comber Youth for Chrisl
Daisy Lodge
East Bellast Mission
McDonald Centre
Springfield Charitable Association
Svdp
Horatio's Gard8n
15,000
15,000
1,000
10,000
10,000
10.000
10,000
10,000
20,000
20.000
20.500
13,0¢)0
1.000
2.500
2,000
2,000
7,500
5,000
15.000
15,000
1,000
7,500
2.500
15,000
15,000
15,000
7,000
115,500
112.000

J¢)HN ATCHESON FOUNDATION
NOTES TO THE FINANCIAL STATEMEltrs IcoMnNUED)
FOR THE YEAR ENDED 5 APRIL 2024
Cost AS at s
Aprfl 2023
Cost as at S
pvII 2024
Purehaqa•
Dlspomls
UK Fix8d IDleres1
her UK Fixad Ini8r8St
Allomaiive Invesirnenis
UK Equit￿$
Ow8rseas Equili•s
44.295
319.868
368,825
850,042
812,619
44.2
719.985
363,393
747,944
798,635
907,822
48.448
I￿7,704>
IS3,8801
11Q2.0981
113,98SI
2.395.648
2 674 252
6. In¥￿tMentS lat M•k￿ v*luel
Marf(et value oa
at 6 Apr¥1 2023
Change In
morkat vakbe
M•wkvt vA14W
at S Iprll 2024
PU￿h0
Dlspusal#
UK Fixed Inlw85t Bon¢J5
0th8r UK Fixed Interest Bonds
lernalive In¥gStmgnts
UK Equilias
(kngas Equi118S
$2.486
304,666
395,751
1.570.024
1.155,521
12,S041
3,938
125,8741
182.6531
137,595
52,486
304,866
395.751
1,570,024
1.155,521
907,822
48.448
1S07,7Q41
153,8801
1102,0981
113,9851
3.478,448
956.271
1677,8861
30,501
3,787,554
10

JOHN ATCHESON FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
7. Investment property
Value at 6 April 2023
60,000
Disposal
Value at 5 April 2024
Net book value
At 6 April 2023
At 5 Aprll 2024
60,000
60,000
During the year. the property was sold.
8. Cash at bank
2024
2023
Dividends account
Investment account
CAF Cash account
38,697
49,895
1 ,368
27,518
281,733
6,620
89,960
315,871

JOHN ATCHESON FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
9. Credllors due wlthin one year
2024
2023
Evelyn Partners
Independent examination foes
4,382
3,025
4,382
2,750
7,407
7,132
10. Reserves
Total
unrestricted
reserves
Capltal
reserve
Falr Value
reserve
Income
reserve
As at 6 April 2023
2,663,552
1,250,717
(67,083)
3,847.186
Investment movement
49,205
13,939
63,144
Net income
(40,2241
(40.224)
As at 5 April 2024
2,712,757
1.264,656
107,307
3,870,106
11. Related party transactlons and Trustees, remuneratlon
There were, no Trustee fees charged in 2024.ln the opinion of the Trustees, there were no re5ated party
transactions to be disclosed in the accounts.