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

JOHN ATCHESON FOUNDATION
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 5 APRIL 2024
The Trustees present their report and accounts for the year ended 5 April 2024. The Trustees have
adopted the provisions of the Stalemenl of Recommended Practice (SORPI "Accounting and R6POrting
by Charities" {FRS 102) in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out on pages
7 to 12 and cornply with the Charities Act (Northern Ireland) 2013, applicable law and Accounting and
Reporting by Charities: Statemenl of Recommended Practice applicable to charities preparing their
accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102) (effective 31 January 20221.
Structurei governance and management
The John Atch8s0n Foundation (-the Trust") is an unincorporated trust, conslituled under a Will Trust
dated 30 November 1993 and is a registered charity. number 103846. The original Trustees were
appointed by Ihe Will of John Alcheson for an indefinite period.
The day-lo-day management of the Trust is overseen by the Trustees and there is no senior management
or staff employed.
At the quarterly Trustees, meetings, the Trustees agree the broad strategy of the Trust, including
consideration of grant making, investment, reserves and risk management policies and performance.
The Trustees who served during the year were as follows:
Mrs Aileen Martin (Chair)
Mr Chris Mccleane {Secretary)
Mr John Knaggs
Mrs Rosemary O'callaghan
Mr Mark Regan
Rlsk Tnanagemenl
Th8 Trustees actively review any major risks which the Trust faces on a regular basis and believe Ihat
maintaining reserves al current levels. combined with an annual review of Ihe conlrols over key financial
systems, will provide sufficient resources in the event of adverse conditions. The Trustees have also
examined other operational and business risks faced by the Trust and confirm that they have established
systems to mitigate the most signilicant risks.
Prlncipal objectives and acllvlties
The objects ol the Trust are to provide donations and other benefits to a number of charilabl8 institutions,
in particular those Ihat benefit blind. disabled andlor eldeily persons in Ihe Uniled Kingdom.
The activities during the year furthered the charity's purposes for the public benefit. The Trustees have
had regard to the Charity Commission for Northern Ireland guidance on public benefit.
During ihe year, the Trustees continued to make dislribulions lo a number of organisalions in the UK. Th8
overall distribution total for th8 year was £155,500 {2023'. £112.000). The distribulions are analysed
individually on page 9.
Flnanclal revlew
The results are Set out on pages 5 to 12. In the year under review, income received from various
investments totalled £135,167 (2023: £119,745). Total distributions for the year were £155,50012023:
£112,000). The value of the Trust's nel assets as at 5 April 2024 was £3,870,106 (2023.. £3,847,186).
Inveslment power5 and pollcy
Apart from retaining a prudent amount in reserves each year most of the Trust's funds are spent in the
short term. Having considered the options available, the Truslees have inv8Sted a significant portion ol
the available funds in a portfolio of investm8nts with the remaining funds investment in bank deposits.

JOHN ATCHESON FOUNDATION
TRUSTEE'S ANNUAL REPORT (CONTINUED)
FOR THE YEAR ENDED S APRIL 2024
Reserves level
The Trustees aim to maintain sufficient free reserves to enable the Trust to maintain its distributions at its
Current level and, if possible, to increase it.
Trustees. responslbllilles
The Trustees are responsible lor preparing the TrLAStees' Report and the financial statements.
In preparing th8se financial statemenls, the Trustees are required to:
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charities SORP.,
make judgernents and accounting estimates that are reasonable and prudent., and
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charity will continue in operation.
The Trust88s are responsible for keeping accounting records which disclose with reasonable accuracy
the financial position of the charity and enable them to ascertain lo ensure that the financial statements
comply with the Charities Act {Northern Ireland) 2013. They are also responsible for safeguarding the
assets of the charity and hence for taking reasonable steps for the prevention and detection of Iraud and
other irregularities.
Approved by the Trustees and signed on their behalf by:
ffso
Signed:...........................-.-.....
Signed..-..
Print name: Mark Regan
Print name.. Chris Mccleane
Trustee
Trustee
Date..
03 Jun 2025
Date:
03 Jun 2025