THE STRAIGHT FORWARD TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 5 APRIL 2024
Unrestricted
funds
2024
Unrestricted
funds
2023
Notes
Income from:
Donations and legacies
Investments
550,000
1,373
4,682
Total income
4,682
551.373
Expenditure on:
Raising funds
Charitable activitie5
3,529
16,862
2,468
1,031
Total expenditure
20,391
3,499
Nel gain5 on investments
11
56.421
3,825
Net income and movement In funds
40.712
551,699
Reconciliatlon of funds:
Fund balances at 6 April 2023
555,504
3.805
Fund balaD¢es at S April 2024
596.216
555.504
The 51atement of financial activities includes all gains and losses recognised in th8 year. All income and expenditure
derive from continuing activities.

THE STRAIGHT FORWARD TRUST
BALANCE SHEET
ASAT 5APRIL 2024
2024
2023
Notes
Fixed assets
Inveslments
13
513,898
502,729
Current assets
Cash at bank and in hand
84.449
53,775
Credltors: amounts falling duè within
one year
14
(2,131)
(1,000)
Net current assets
82,318
52,775
Totsl assels less current Ilabllitles
596,216
555,504
Net assets
596,216
555,504
The funds of Ihe trust
Urirestricted funds
596,216
555,504
596,216
555,504
The financlal stat8mentS W8re approved by the Tnjstees on 4 February 2025
Mr James Annstrong
Trustee
Mr Patrick A Whlte
Trustee

THE STRAIGHT FORWARD TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Accounting policies
Charlty information
The Straight FoMard Trusl is a charity registered wlh the Charities Commission for Northem Ireland. The
registered office is located at Crawford Lockhart Black Solicitors, 7-11 Linenhall Street, Belfast, BT2 8AA.
1.1 Accountlng convention
The financial staternents have been prepared in accordan￿ with Accounting and Reporting by Charilies:
Statement of Recommended Practice applicable to charities preparing their accounts in accordance With the
Flnancial Reporting Standard whlch applies in the UK and Republlc of Ireland (FRS 102) (effective 1 January
2015) - (Charitles SORP (FRS 102)), the Flnancial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102).
Tha financial ststements are prepared In sterling. whlch Is the functlonal currency of the Irust. Monetary
amounts in these flnancial statements are rounded to the nearest £.
The financlal staternents have been prepared under the historical cost convention, Imodified to include the
revaluation of freehold properties and to include Investment propertles and ￿rtain financial instruments at fair
value]. The principal accounting pollcSes adopted are set out below.
1.2 Going con¢em
At th8 tlme of approving Ihe financial statements, the Trustees have a reasonable expectatlon that the trust
has adequate resOur￿S to contlnue In operai,
existence for the foreseeable future. Thus the Trustees
continuè to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted fvnds are available for use at the discretion of the Trustees in furtherance of their charitable
objectives.
Restrictèd funds are subject to specific conditlons by donors or grantors as lo how they may be used. The
purposes and uses of the restrlcted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the trust Is legally entitled to it after any performance conditions have been met.
the amounts can be measured reliably. and it is probable that income will be reGeived.
Ca8h donations are recognised on receipt. other donalions are recognised once the trust has been nolified of
Ihe donation, unless performance conditions requlre deferral of the amount. Income tax recoverable in relatlon
to donations recelved under Glft Aid or deeds of covenant is recognised at the tlme of the donetion.
Legacies are recognised on recelpt or otherwise if the trust has been notified of an impending distribution, the
amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent
asset.
1.5 Exp¢ndlture
Expenditure Is recognised once there is a legal or constructlve obllgalion to transfer economic benefit to a
third party, it is probable that a transfer of economic benefits will be required in setuement, and the amount of
the obligation Can be measured reliably.
1.6 Fixed asset Investments
Fixed asset investments are inltSally measured at transaction price excluding transactlon costs, and are
subsequently measured at fair value at each reporting date. Ch8ng8s in fair value are recognised in net
incomel{6xpendltur61 for the year. Transaction costs are expensed as incurred.

THE STRAIGHT FORWARD TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Accounting poll¢ies
(Continued)
1.7 Cash and cash equlvalents
Cash and cash equivalents include cash In hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
withln borrowings in current liabilities.
Basi¢ flnancial assets
Basic financlal assets, which include debtors and cash and bank balances. are inillally measured at
transaction price including transaction costs and are subsequently Carried at amortised ￿st using the effective
interest method unless the arrangement Constitutes a financing transaction, where the transactlon is
measured at the present value of the future receipts discounted at a market rate of interest. Flnancial assets
classified as receivable wlthln one year are not amortised.
Baslc financial Ilabilitles
Basic financial Ilabilities. including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a ffinancing transaction, where the debt instrument is measured at the present
value of the future payments dlscounted at a market rate of interest. Flnancial liabl11￿e$ classified as payable
within one year are not amorbsed.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditor5 are obligations to pay for goods or seNices that have been acquired in the ordinary oourse of
operations from suppliers. Amounts Payable are dassified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially al
transaction price and subsequently measured at amortised cost using the effeclive interest method.
Derecognition of financlal liabilities
Financial liabilities are derecognised when Ihe trust's contractual obligations expire or are discharged or
cancelled.
Critical accounting estimates and Judgements
In the application of the trust's accounting policies, the Tnjstees are requlred to make Judgements, estimates
and assumptions about the carrying amount of assets and Ilabillties that are not readily apparent from other
sOU￿es. The estimates and associated assumptions are based on histOTtcal experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptlons are revlewed on an ongoing basls. Revlslons to accounting
estimales are recognlsed in the period in whlch ihe estimate Is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Income from donatlons and legacies
Unrestricted
funds
2024
Unrestricted
funds
2023
Donations and gifts
550,000
10

THE STRAIGHT FORWARD TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Income from investments
Unrestrfcted Unrestri¢ted
funds
funds
2024
2023
Income from listsd investments
Interest receivable
3,396
1,286
1,326
47
4,682
1.373
Expendlture on raising funds
Unreslricted Unreslricted
funds
funds
2024
2023
Investrnent management
3.529
2.468
Expendlture on charftable actlvities
2024
2023
Dlrect ¢o$ts
Bank fees
781
31
Grant funding of activities (see note 7)
13,001
Share of support 8nd governance costs Isee note 8}
Govemance
3,080
1,000
16,862
1,031
Analysis by fund
Unrestrided funds
16,862
1,031
Grants payable
Independent
Examlnation
Fee
2024
Grants lo Indlviduals
13,001
11

THE STRAIGHT FORWARD TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5APRIL 2024
Support costs allocated to a¢tlvltles
2024
2023
G0Veman￿ costs
3,080
1,000
Analy5ed between:
Indèpendent Examination Fee
3,080
1,000
Net movement In funds
2024
2023
The net movement in funds is Statsd after chargingl(crediting):
Fees payable for the independent examlnation of the charity's financial
statements
3,080
1.000
10 Trustees
None of the Trustees {or any persons connected wllh them) recelved any remuneration. benefits or expenses
from Ihe twst during the year.
11 Gains and losses on Investments
Unreslrlcted Unrestricted
funds
funds
2024
2023
Gain$l(losses) arising on:
Revaluation of investmenls
Sale of investments
17.480
38,941
7.713
(3.888)
56,421
3,825
12 Taxatlon
The charity is exempt from taxation on its activitles because all its Income is applled for charitable purposes.
12-

THE STRAIGHT FORWARD TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5APRIL 2024
13 Flxed asset investments
Llsted
Investments
Cash in
portfollo
Total
Cost or valualion
At 05 April 2023
Additions
Valuatlon changes
GainllLoss) on revalualion
358,222
677,594
(540,095)
17.479
144,507
502,729
677,594
(683,904)
17,479
(143,8091
At 5 Aprll 2024
513,200
698
513,898
Carrying amount
At 05 April 2024
513,200
698
513,898
At 05 April 2023
358,222
144,507
502,729
14 Creditors: amounts falllng due wlthin one year
2024
2023
Accruals and deferred Incorne
2,131
1,000
15 Unrestri¢ted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants whlch are
not subject to spec5fic conditions by donors and grantors as to how they may be used. Thes& indude
designated funds which have been set aside out of unrestricted fun(Js by ihe Irustees for speclfic purposes.
At 6April
Incoming
resources
Resources
expended
Gains and
losses
At 5 Aprll
2024
General funds
555,504
4,682
(20,391)
56.421
596,216
Prevlous year:
At 6 Aprll
2022
Incoming
resources
Resources
oxpended
Galns and
losses
At 5 April
2023
General funds
3,805
551,373
(3,499)
3,825
555.504
16 Related party transactlons
There were no disclos8blé related paty transactions during thè year (2023 - none).
13_