## **John Atcheson Foundation** John Atcheson Foundation **Statement of Financial Activities (including Income and Expenditure Account)** Statement of Financial Activities (including Income and Expenditure Account) **For The Year Ended 5 April 2025** For The Year Ended 5 April 2025 |||**2025**
2025|**2024**
2024| |---|---|---|---| |||**Unrestricted**
Unrestricted|**Unrestricted**
Unrestricted| |||**funds**
funds|**funds**
funds| ||**Notes**
Notes|**£**
£|**£**
£| |**INCOME AND ENDOWMENTS FROM:**
INCOME AND ENDOWMENTS FROM:|||| |Investments
Investments|**3**
3|96,864
96,864|100,805
100,805| |Other
Other||40,338
40,338|34,362
34,362| |||137,202
137,202|135,167
135,167| |**EXPENDITURE ON:**
EXPENDITURE ON:|||| |Charitable activities:
Charitable activities:|**4**
4||| |Distributions and Expenditure
Distributions and Expenditure||(256,988)
(256,988)|(175,391)
(175,391)| |**NET EXPENDITURE BEFORE INVESTMENT LOSSES**
NETEXPENDITURE BEFORE INVESTMENT LOSSES||(119,786)
(119,786)|(40,224)
(40,224)| |Net (losses)/gains on investments
Net (losses)/gains on investments||(146,531)
(146,531)|63,144
63,144| |**NET EXPENDITURE**
NET EXPENDITURE||(266,317)
(266,317)|22,920
22,920| |**NET MOVEMENT IN FUNDS**
NETMOVEMENT IN FUNDS||(266,317)
(266,317)|22,920
22,920| |**RECONCILIATION OF FUNDS:**
RECONCILIATION OF FUNDS:|||| |Total funds brought forward
Total funds brought forward||3,870,106
3,870,106|3,847,186
3,847,186| |**TOTAL FUNDS CARRIED FORWARD**
TOTALFUNDSCARRIEDFORWARD|**8**
8|3,603,789
3,603,789|3,870,106
3,870,106| The The notes on pages 7 to 11 form part of these financial statements. notes on pages 7 to 11 form part of these financial statements. > Page 5 Page 5 ## **John Atcheson Foundation** John Atcheson Foundation **Balance Sheet** Balance Sheet **As At 5 April 2025** As At 5 April 2025 |||**2025**
2025|**2024**
2024| |---|---|---|---| |||**Unrestricted**
**funds**
Unrestricted
funds|**Total**
**funds**
Total
funds| ||**Notes**
Notes|**£**
£|**£**
£| |**FIXED ASSETS**
FIXED ASSETS|||| |Investments
Investments|**5**
5|3,557,490
3,557,490|3,787,554
3,787,554| |||3,557,490
3,557,490|3,787,554
3,787,554| |**CURRENT ASSETS**
CURRENT ASSETS|||| |Debtors
Debtors|**6**
6|3,066
3,066|-
-| |Cash at bank and in hand
Cash at bank and in hand||50,942
50,942|89,960
89,960| |||54,008
54,008|89,960
89,960| |**Creditors: Amounts Falling Due Within One Year**
Creditors: Amounts Falling Due Within One Year|**7**
7|(7,709)
(7,709)|(7,408)
(7,408)| |**NET CURRENT ASSETS (LIABILITIES)**
NETCURRENT ASSETS (LIABILITIES)||46,299
46,299|82,552
82,552| |**TOTAL ASSETS LESS CURRENT LIABILITIES**
TOTALASSETS LESS CURRENT LIABILITIES||3,603,789
3,603,789|3,870,106
3,870,106| |**NET ASSETS**
NETASSETS||3,603,789
3,603,789|3,870,106
3,870,106| |**FUNDS OF THE CHARITY**
FUNDS OF THE CHARITY|||| |Unrestricted Funds:
Unrestricted Funds:|||| |Capital Reserve
Capital Reserve||2,909,294
2,909,294|2,712,757
2,712,757| |Income reserve
Income reserve||(227,093)
(227,093)|(107,307)
(107,307)| |Fair Value Reserve
FairValue Reserve||921,589
921,589|1,264,656
1,264,656| |||3,603,789
3,603,789|3,870,106
3,870,106| ||||| |**TOTAL FUNDS**
TOTAL FUNDS|**8**
8|3,603,789
3,603,789|3,870,106
3,870,106| 06 Feb 2026 The The financial statements were approved by the board of trustees on financial statements were approved by the board of trustees ON............................................... and were signed on its behalf by: and were signed on its behalf by: ## Chas VY\o\eene > Mr Chris McCleane Mr Chris McCleane Mr Mark Regan Mr Mark Regan > Trustee Trustee Trustee Trustee The The notes on pages 7 to 11 form part of these financial statements. notes on pages 7 to 11 form part of these financial statements. > Page 6 Page 6 > **John Atcheson Foundation** John Atcheson Foundation **Notes to the Financial Statements** Notes to the Financial Statements > **For The Year Ended 5 April 2025** For The Year Ended 5 April 2025 ## 1. 1. **General Information** General Information John John Atcheson Foundation is an unincorporated trust and registered charity number 103846. The registered office is The Atcheson Foundation is an unincorporated trust and registered charity number 103846. The registered office is The Linen Hall, 32-38 Linenhall Street, Belfast, County Antrim, BT2 8BG. Linen Hall, 32-38 Linenhall Street, Belfast, County Antrim, BT2 8BG. ## 2. 2. Accounting **Accounting Policies** Policies ## 2.1. 2.1. **Basis of Preparation of Financial Statements** Basis of Preparation of Financial Statements The The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 31 accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 31 January January 2022)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic 2022)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charity Act (Northern Ireland) 2008. of Ireland" and the Charity Act (Northern Ireland) 2008. The The charitable company is a Public Benefit Entity as defined by FRS 102. charitable company is a Public Benefit Entity as defined by FRS 102. 2.2. 2.2. **Fund Accounting** Fund Accounting The The Trust has two funds, an Income Fund and a Capital Fund, which are wholly unrestricted. Unrestricted funds Trust has two funds, an Income Fund and a Capital Fund, which are wholly unrestricted. Unrestricted funds comprise those funds which the Trustees are free to use for any purpose in furtherance of the Trust’s objects. comprise those funds which the Trustees are free to use for any purpose in furtherance of the Trust’s objects. ## 2.3. 2.3. **Incoming Resources** Incoming Resources All All incoming resources are recognised once the Trust has entitlement to the resources, it is certain that the resources 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 be measured with sufficient reliability. will be received and the monetary value of incoming resources can be measured with sufficient reliability. ## 2.4. 2.4. **Resources Expended** Resources Expended Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the Trust Trust to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that that aggregate all costs related to the category. aggregate all costs related to the category. Distributions are payments made to third parties in the furtherance of the charitable objectives of the Trust. Distributions are payments made to third parties in the furtherance of the charitable objectives of the Trust. Distributions are accounted for when the recipient has a reasonable expectation that they will receive a distribution Distributions are accounted for when the recipient has a reasonable expectation that they will receive a distribution and the Trustees have agreed to pay the distribution without condition. and the Trustees have agreed to pay the distribution without condition. ## 2.5. 2.5. **Investments** Investments > Investments are stated on the balance sheet at fair value and all movements, including realised and unrealised gains Investments are stated on the balance sheet at fair value and all movements, including realised and unrealised gains > and losses, are shown in the Statement of Financial Activities. Realised gains and losses are the aggregate of profits and losses, are shown in the Statement of Financial Activities. Realised gains and losses are the aggregate of profits and losses of sales of investment units. and losses of sales of investment units. ## 2.6. 2.6. **Cash and Cash Equivalents** Cash and Cash Equivalents > Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three > months or less from the date of acquisition or opening of the deposit or similar account. months or less from the date of acquisition or opening of the deposit or similar account. ## 2.7. 2.7. **Financial Instruments** Financial Instruments The The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial financial instruments are initially recognised at transaction value and subsequently measured at their settlement value, instruments are initially recognised at transaction value and subsequently measured at their settlement value, with the exception of any interest bearing loans which are subsequently measured at amortised cost using the with the exception of any interest bearing loans which are subsequently measured at amortised cost using the effective interest method. effective interest method. ## 2.8. 2.8. Taxation **Taxation** As As a registered charitable trust, the Trust is not liable to either Income Tax or Corporation Tax. a registered charitable trust, the Trust is not liable to either Income Tax or Corporation Tax. ## 2.9. 2.9. **Debtors** Debtors > Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction transaction costs and subsequently measured at amortised cost determined using the effective interest method, less costs and subsequently measured at amortised cost determined using the effective interest method, less > any impairment losses for bad and doubtful debts. any impairment losses for bad and doubtful debts. ## 2.10. 2.10. **Creditors** Creditors > Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial 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 transaction costs and subsequently measured at liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at > amortised cost determined using the effective interest method. amortised cost determined using the effective interest method. > Page 7 Page 7 John **John Atcheson Foundation** Atcheson Foundation **Notes to the Financial Statements (continued)** Notes to the Financial Statements (continued) **For The Year Ended 5 April 2025** For The Year Ended 5 April 2025 ## 3. 3. **Investment Income** Investment Income **----- Start of picture text -----**
|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |2025|2025|2024|2024| |Unrestricted|Unrestricted|Unrestricted|Unrestricted| |funds|funds|funds|funds| |£|£|£|£| |Bank interest receivable|Bank|interest|receivable|-|-|4,010|4,010| |Dividends & securities|Dividends|&|securities|96,864|96,864|96,795|96,795| |96,864|96,864|100,805|100,805| |2025|2025|2024|2024| |£|£|£|£| |UK dividends|UK|dividends|52,962|52,962|59,104|59,104| |UK Unit Trust & OEIC dividends|UK|Unit|Trust|&|OEIC|dividends|20,505|20,505|22,089|22,089| |Property income dividends|Property|income|dividends|1,013|1,013|461|461| |Overseas securities|Overseas|securities|22,384|22,304|15,142|Lee| |96,864|96,864|96,796|96,796| **----- End of picture text -----**
**----- Start of picture text -----**
|||||||| |---|---|---|---|---|---|---| |UK dividends|UK|dividends| |UK Unit Trust & OEIC dividends|UK|Unit|Trust|&|OEIC|dividends| |Property income dividends|Property|income|dividends| |Overseas securities|Overseas|securities| **----- End of picture text -----**
## 4. 4. **Analysis of Expenditure** Analysis of Expenditure **----- Start of picture text -----**
||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |2025|2025| |Activities|Activities| |undertaken|undertaken|Support|Support| |directly|directly|costs|costs|Total|Total| |£|£|£|£|£|£| |Distributions and Expenditure|Distributions|and|Expenditure|233,105|233,105|23,883|23,883|256,988|256,988| |2024|2024| |Activities|Activities| |undertaken|undertaken|Support|Support| |directly|directly|costs|costs|Total|Total| |£|£|£|£|£|£| |Distributions and Expenditure|Distributions|and|Expenditure|155,500|155,500|19,891|19,891|175,391|175,391| |4.1.|4.1.|Professional fees & expenses|Professional|fees|& expenses expenses| |2025|2024| |£|£| |Investment fees|Investment|fees|21,587|16,173| |Independent examination fees|Independent|examination|fees|2,103|3,005| |194|713| |Administration expenses|Administration|expenses| |23,883|19,891| |4.2.|4.2.|Distributions|Distributions| |2025|2025|2024|2024| |£|£|£|£| |Aware|Aware Defeat Depression - Bank of Ireland|Defeat|Depression|-|Bank|of|Ireland|10,000|10,000|-|-| |Ballykelly Primary School|Ballykelly|Primary|School|-|-|2,500|2,500| |...CONTINUED|... CONTINUED| **----- End of picture text -----**
## 4.1. 4.1. **Professional fees & expenses** Professional fees & expenses expenses Investment fees Investment fees Independent examination fees Independent examination fees Administration expenses Administration expenses > Page 8 Page 8 John **John Atcheson Foundation** Atcheson Foundation **Notes to the Financial Statements (continued)** Notes to the Financial Statements (continued) **For The Year Ended 5 April 2025** For The Year Ended 5 April 2025 |Belfast Homeless - Bank Of Ireland
Belfast Homeless - Bank Of Ireland|125,000
125,000|20,000
20,000| |---|---|---| |CAF - Unknown Transaction
CAF - Unknown Transaction|-
-|5,000
5,000| |Comber Youth For Christ - Northern Bank Ltd
ComberYouth For Christ - Northern Bank Ltd|-
-|10,000
10,000| |East Belfast Mission
East Belfast Mission|-
-|15,000
15,000| |Horatio'S Garden
Horatio'S Garden|-
-|7,000
7,000| |Marie Curie
Marie Curie|-
-|15,000
15,000| |Mcdonald Centre
Mcdonald Centre|-
-|15,000
15,000| |Mcdonald Centre - Northern Bank Ltd
Mcdonald Centre - Northern Bank Ltd|10,000
10,000|10,000
10,000| |NATIONAL GRID NEW
NATIONALGRID NEW|18,105
18,105|-
-| |Ni Hospice
Ni Hospice|10,000
10,000|15,000
15,000| |Northern Ireland Polio Fellowship
Northern Ireland Polio Fellowship|10,000
10,000|1,000
1,000| |Rosie’S Trust - Santander Uk Pl
Rosie’S Trust - Santander Uk Pl|38,000
38,000|10,000
10,000| |Royal National Mission to Deep Sea Fishermen
Royal National Mission to Deep Sea Fishermen|2,000
2,000|-
-| |Salvation Army Donation - Reliance Bank Ltd
Salvation Army Donation - Reliance Bank Ltd|-
-|5,000
5,000| |Satco General Income Central Trust
Satco General Income Central Trust|10,000
10,000|-
-| |St Vincent De Paul, St Therese - AIB Group (Uk) Plc
St Vincent De Paul, St Therese - AIB Group (Uk) Plc|-
-|10,000
10,000| |Svdp
Svdp|-
=|15,000
15,000| ||233,105
233,105|155,500
155,500| |5. **Investments**
5.
Investments||| |||**Other**
Other| |||**£**
£| |**Cost or Valuation**
Cost or Valuation||| |As at 6 April 2024
As at 6 April 2024||3,787,553
3,787,553| |Additions
Additions||748,496
748,496| |Disposals
Disposals||(635,491)
(635,491)| |Fair value adjustments
Fairvalue adjustments||(343,068)
(343,068)| |As at 5 April 2025
As at 5 April 2025||3,557,490
3,557,490| |**Provision**
Provision||| |As at 6 April 2024
As at 6 April 2024||-
-| |As at 5 April 2025
As at 5 April 2025||-
-| |**Net Book Value**
Net Book Value||| |As at 5 April 2025
As at 5 April 2025||3,557,490
3,557,490| |As at 6 April 2024
As at 6 April 2024||3,787,553
3,787,553| |**Investments (at cost)**
Investments(atcost)||| |**Investments (at cost)**
Investments (at cost)||||| |---|---|---|---|---| ||**Cost as at 6**|||**Cost as at 5**| ||**April 2024**|**Purchases**|**Disposals**|**April 2025**| ||**£**|**£**|**£**|**£**| |UK Fixed Interest
UK Fixed Interest|44,295|-|-|49,982| |Other UK Fixed Interest
Other UK Fixed Interest|719,985|275,171|(355,306)|628,587| |Alternative Investments
Alternative
Investments|363,393|82,609|(168,064)|278,990| |UK Equities
UK Equities|747,944|7,792|(112,120)|1,280,945| |Overseas Equities
Overseas Equities|798,635|382,924|-|1,662,055| ||2,674,252|748,496|(635,491)|3,900,559| > Page 9 Page 9 ## John **John Atcheson Foundation** Atcheson Foundation **Notes to the Financial Statements (continued)** Notes to the Financial Statements (continued) **For The Year Ended 5 April 2025** For The Year Ended 5 April 2025 ## **Investments (at market** Investments (at market **value)** value) |**Investments (at market**
**value)**
Investments (at market
value)|||||| |---|---|---|---|---|---| ||**Market value as**
Market valueas|||**Change in**
Change in|**Market value as**
Market valueas| ||**at 6 April 2024**
at 6 April 2024|**Purchases**
Purchases|**Disposals**
Disposals|**market value**
marketvalue|**at 5 April 2025**
at 5 April 2025| ||**£**
£|**£**
£|**£**
£|**£**
£|**£**
£| |UK Fixed Interest Bonds
UK Fixed Interest Bonds|49,982
49,982|-
-|-
-|(862)
(862)|49,120
49,120| |Other UK Fixed Interest Bonds
Other UK Fixed Interest Bonds|708,723
708,723|275,171
275,171|(355,306)
(355,306)|12,739
12,739|641,326
641,326| |Alternative Investments
Alternative Investments|364,445
364,445|82,609
82,609|(168,064)
(168,064)|92,035
92,035|371,025
371,025| |UK Equities
UK Equities|1,385,273
1,385,273|7,792
7,792|(112,120)
(112,120)|(295,277)
(295,277)|985,667
985,667| |Overseas Equities
Overseas Equities|1,279,131
1,279,131|382,924
382,924|-
-|(151,703)
(151,703)|1,510,352
1,510,352| ||3,787,554
3,787,554|748,496
748,496|(635,491)
(635,491)|(343,068)
(343,068)|3,557,491
3,557,491| |6. **Debtors**
6.
Debtors|||||| |||||**2025**
2025|**2024**
2024| |||||**£**
£|**£**
£| |**Due within one year**
Due within one year|||||| |Other debtors
Other debtors||||3,066
3,066|-
-| |7. **Creditors: Amounts Falling Due Within One Year**
7.
Creditors: Amounts Falling Due Within One||**Creditors: Amounts Falling Due Within One Year**
Year|||| |Evelyn Partners
Evelyn Partners||||**2025**
**£**
4,381
2025
£
4,381|**2024**
**£**
4,383
2024
£
4,383| |Accruals
Accruals||||3,328
3,328|3,025
3,025| |||||7,709
7,709|7,408
7,408| |8. **Movement in Funds**
8.
Movement in Funds|||||| |8. **Movement in Funds**
8.
Movement in Funds||||| |---|---|---|---|---| ||**As at 6 April**
**2024**
As at 6 April
2024|**Income**
Income|**Expenditure**
Expenditure|**As at 5 April**
**2025**
As at 5 April
2025| ||**£**
£|**£**
£|**£**
£|**£**
£| |**Unrestricted funds**
Unrestricted funds||||| |Designated:
Designated:||||| |Fair Value reserve
FairValue reserve|1,264,656
1,264,656|-
-|(343,067)
(343,067)|921,589
921,589| |Income reserve
Income reserve|(107,307)
(107,307)|137,202
137,202|(256,988)
(256,988)|(227,093)
(227,093)| |Capital reserve
Capital reserve|2,712,757
23712,757|196,536
196,536|-
-|2,909,293
2,909,293| |**Total unrestricted funds**
Total unrestricted funds|3,870,106
3,870,106|333,738
333,738|(600,055)
(600,055)|3,603,789
3,603,789| |||||| |**Total funds**
Totalfunds|3,870,106
3,870,106|333,738
333,738|(600,055)
(600,055)|3,603,789
3,603,789| ## 9. 9. **Related Party Disclosures** Related Party Disclosures There There were. no Trustee fees charged in 2025.In the opinion of the Trustees, there were no related party transactions to be were. no Trustee fees charged in 2025.In the opinion of the Trustees, there were no related party transactions to be disclosed in the accounts. disclosed in the accounts. > Page 10 Page 10 ## **John Atcheson Foundation** John Atcheson Foundation **Detailed Statement of Financial Activities (including Income and Expenditure Account)** Detailed Statement of Financial Activities (including Income and Expenditure Account) **For The Year Ended 5 April 2025** For The Year Ended 5 April 2025 ||**2025**
2025|**2024**
2024| |---|---|---| ||**Total**
**funds**
Total
funds|**Total**
**funds**
Total
funds| ||**£**
£|**£**
£| |**INCOME AND ENDOWMENTS FROM:**
INCOME AND ENDOWMENTS FROM:||| |**Investments**
Investments||| |Dividends & securities
Dividends & securities|96,864
96,864|96,795
96,795| |Bank interest receivable
Bank interest receivable|-
-|4,010
4,010| ||96,864
96,864|100,805
100,805| |**Other**
Other||| |Other gross income
Other gross income|1,899
1,899|465
465| |Gross interest received
Gross interest received|38,439
38,439|33,506
33,506| |2020 Swiss Tax Reclaim
2020 Swiss Tax Reclaim|-
-|391
391| ||40,338
40,338|34,362
34,362| ||137,202
137,202|135,167
135,167| |**EXPENDITURE ON:**
EXPENDITURE ON:||| |**Raising funds**
Raising funds||| |Accountancy fees
Accountancy fees|(1)
(1)|-
-| |Bank charges
Bank charges|1
1|-
-| |**Charitable Activities:**
Charitable Activities:||| |**Distributions and Expenditure**
Distributions and Expenditure||| |Distributions
Distributions|(233,105)
(233,105)|(155,500)
(155,500)| |Accountancy fees
Accountancy fees|(2,102)
(2,102)|(3,005)
(3,005)| |Professional fees
Professional fees|(21,587)
(21,587)|(16,174)
(16,174)| |Bank charges
Bank charges|(194)
(194)|(712)
(712)| ||(256,988)
(256,988)|(175,391)
(175,391)| ||(256,988)
(256,988)|(175,391)
(175,391)| |**NET EXPENDITURE BEFORE INVESTMENT LOSSES**
NET EXPENDITURE BEFORE INVESTMENT LOSSES|(119,786)
(119,786)|(40,224)
(40,224)| |**Net (losses)/gains on investments**
Net (losses) /gains on investments||| |Gain / (loss) on disposal of investments property
Gain/ (loss) on disposal ofinvestments property|-
-|(16,562)
(16,562)| |Realised gain / (loss) on disposal of investments
Realised gain / (loss) on disposal of investments|196,537
196,537|49,205
49,205| |Unrealised gains / (losses) on revaluation of investments
Unrealised gains / (losses) on revaluation of investments|(343,068)
(343,068)|30,501
30,501| ||(146,531)
(146,531)|63,144
63,144| |**NET (EXPENDITURE)/INCOME**
NET(EXPENDITURE)/INCOME|(266,317)
(266,317)|22,920
22,920| > Page 11 Page 11