COMPANY REGISTRATION NUMBER.. NI630824 CHARITY REGISTRATION NUMBER: 104052 Belfast Boys Model Bursary Fund (In Memory of EW Davis) Company Limited by Guarantee Unaudited Annual Report and Unaudited Financial Statements 30 April 2025
Belfast Boys Modal Bursary Fund (In Memory of EW Davis) Company Llmited by Guarantee Annual Report and Unaudited Financlal Slatements Year ended 30 April 2025 Page8 Trustees, annual report (incorporating the directorfs report) Independent examinerf5 report to the trustees statement of financial activities (including Income and expenditure account) Statement of financial position Notes to the annual report and unaudited financial ststements 1to5 6t07 10t015
Belfast Boys Model Bursary Fund (In Memory of EW Davis) Company Limited by Guarantee Trustees, Annual Report {Incorporating the Dlrectorfs Report) Year ended 30 April 2025 The trustees, who are also the direclL)rs for the purposes of company law. present their report and the unaudited Annual report and Unaudited Financial Statements of the ch8rtty for the year ended 30 April 202S Ghairfs r•port Bursary FunaT R•port for YearEnd•d 30 Aprll 2025 11 is my responsibility and privilege as Chair of the Fund and on behaff of my fellow Directors lo provide the Annual Report and Accounts for the Fund for the year ended 30 April 2025. The Fund was e$lablished in 2015 to provide Bursaries for pupils from the Boys. Model moving to third level education and $0 this year 15 the 10th year of the Fund. During that lime, we have seen the Fund grow considerably and continue lo achieve ils objectlves. The Btrard of the Fund is responsible for ensuring that the Fund continues lo exercise 118 full range of regulatory responsibilitie$ and we believe that. lo the be51 of our knowled9e, we compiled wth all such requiremen15 in 2024.2025. The Fund does not however have any staff and so il is the responsibility of the Officers lo carry out the roles which staff might otherwise undgrtake, In that centext the Board would want lo place on record the excellent contribuliony ol Mark Gilmore 88 Vice Chair, Bryan Kealing as Company Secretary and Iliam INilson as Treasurer. In addltion, Roy Adair, h8vin9 stepped down as Treasurer, ensured th81 th• tl8n3ition to the new Treasurer was as efficlenl a8 possible. During the yèar the Board, under the directlon of Mark Gllmore, al80 undertook 8 major review of how oparales and agreed lo move lo a position where the 8oard will continue lo have direct re8ponslbillly for kèy issues guch 89 slrglegiG direction. regulatory compliance. financial matters and Board membershlp, vthilsl an Operation5 Group. Chaired by Mark Gilmore, was formed lo undertake the day to day actions require(I for the effects've, èfficient and transparent oper8tion of the fund. Thi5 indude5 oversight of for fund raising aclivilies, marketing, event planning. data protection, social media and the preparatlon of a sutte of documents for Board decision andlor approval. The Board is mog19raleful lo Bryan Kealing who has given a very conslderable amount of lime to the preparation of important pollcy documents and his Honorary Secrètsry dulles. Dudng the year, the 8oard had 4 meeting8, Given that the purpose of the Fund is to provide Bursaries, the Board would want lo report that In the year8 Irom establishment up lo 30 April 2025. 47 boys recelved Bursaries totalling some £98,000. Slnce the Fund was eslablish8d, we have been greatly encouraged by things. The first 1$ the impact which the Bursaries have had on the boy5 who have been suc¢e88ful. The 001 18 in regular contact with the boys and il is so encouraging to hear from them about the help which the bur9aries have been in in Ihelr education joumey. To dale, every boy who has been awarded and accepted burs8ry has gone on to complete h15 third levol qualification. The Fund is a150 working with the school to help maintain a data base of all the Bursary reclpienls. The second encouragement 1$ the continuing support of the donors lo the Funit, both those who glve regular monthly financial contributions and those who give one-off donations. The Fund continues lo consider how to extend both means of donation, but also want to record our sincere thanks to all our donors.
Belfast Boys Model Bursary Fund (In Memory of EW Davis) Company Llmlted by Guarantee Trustees. Annual R8POrt (Incorporating the Directorfs Report) (C¢tIn Year ended 3D Aprll 2025 ha1rf8 report leonithuedl One of tl)e Important and key succe$ses of the Fund is the relationship with the school and the Board wants again to place on record our huge thanks lo Mary Montgomery, the Principal and also a Board member. her Secretary Joanne Clarke and Kerry Deehan who has responsibility for loading material onto the Fund website. Under Mary Montgomery'8 excellent leadership, the school goes from strength to strength, and the Fund is very pleased lo play some part in supporting the staff and the boys and in ensurin9 that the boys from the school can fulfil their potential through third level education. We are proud to be associated with the gchool and lo be able lo support all that il does foir ils pupils. The Boaid is also exploring how and In what ways the Fund might fvrther support the school. This Work Is ntinuing and will require further detailed thought and planning, as well as legal and regulatory considerations and the ch8rth.es Commission approval. We are pleased to report that as of the 30th of Aprtl 2025, the Unreslricl8d Funds were £100,176 12024.. £96,465) an increase from the posllion as Of the 30th of April 2024, having accounted for bursaries and expenges. The Board annually reviews 115 re8erves and considers them lo be fi'nancially prudent. In keeping wllh our fiduclary responsibilllies, the Directors re-invested port of the reserves in higher interest rale account. The Directors continue to believe that the slate of the funds 18 sufflcienl al present. glven the increa$e8 in thè number of awards and also the Board's declared position of Seeking lo have sufficient funds lo achleve an endowment position, We wll continue lo revise and implement our financial strategy. The DSrector8 flrmly believe th81 the Fund conUnues to prove Important in SUPP¢)rting the boys from th? 8chool entering and remaining in third level educallon 8nd Is committed to ensudng that the Fund operates and 15 managed in the mo81 effectiva way. Slr Nlg•l Hamllton KCB;DL;D.Unlv{Honl Ref•r•nc• and admlnl$tratlv• d•tall# Rogl8tsred charbty nam• 8elfa$l Boys Model Bur39ry Fund (ln Memory of EW D8visI Charlty rog18t10Th numb•r 104052 Company reglstratlon nUMr N1630824 Principal offlco 8elfast Boys Model School 8allysillan Road Belfast BT14 6RB Regl8t•r•d offlc• Belfast 8oys Model School Ballysillan Road Belfast eT14 6RB
Belfast Boys Model Bursary Fund (In Memory of EW Davis) Company Llmlted by Guarantee Trustees, Annual Report (Incorporatlng the Directors Report) (¢ontlftts8dJ Year ended 30 April 2025 Th• tru8t•e8 Sir N Hamilton KCB, DL Mr G Nelson MrT Andrews Dr R Adair CBE My M Montgomery OBE Dr B Keating CBE Mr M Gilmore QPM Mr F Shivers Mr W Wilson (Chairl (Treasurerl (Secretary) (Appolnlgd 27 September 2024} Independent èx•mln•r MSchael Flannigan 8tructur•, gov•manco •nd manag•mont Balfa$t Boys, Model Bursary Fund Iln Memory of EW 08visI Is a private company limited by gu8r8ntte and registered in Northem Ireland Icornpany Number N1630824}. 11 is govemed by 118 Article$ of Assoclallon. dated 1st Apdl 2015 and 18 regisler8d as a charity the Charfly Commission Northèrn Ireland (Chartty Number NIC1040521. The Memorandum of As8ociallon governs all relevant matters relatlng to Member8hlp.' bècomlng ond ceasing lo be a Member., the Organisalion of Goneral Meetings,. thg Role and Powers of Director¥ (including appointment and reliremenll., Admlni$lrabve Arrangements,. and Directors Indemnity 8nd Insurancè. The Dlreclor5 ¥tale that thty have fulty 8dh•red to 8118uch r•quirementg and provisions during the year in question. The Board of Oireclors held regular meetings during the year lo revlew th8 progr•J$ of the lund and di8CU83 and ggree the future directlon cf the fvnd.
Belfast Boys Model Bursary Fund (In Memory of EW Davis) Company Llmited by Guarantee Trustees. Annual Report Ilncorporatlng the Directorfs Report) (conlinued) Year ended 30 April 2025 Objèctives and actlvltle8 The charity's objects 8re lo advance and promote the eclucalion of the pupils at Belfast Boys, Model School by providing bursarles or other financial assislanco to pupils who progress to third level educats'on. Art5ing from the purpose9, our acb'vities focus on two key strand5', lund raising and the creation of Glear, fair and oquilable process for the making of the awards. As noted in lasl year's report the Board set an objecllve lo make additional annual awards for HND and Higher-Level Apprenuceships. It is also Important to $8y that the existence of the Fund and Its core objectlV08 were agreed wth the sthool Board of Governor5. as was the full pacIpatIon of the then Principal, Alr Alan Logan as Dlreclor of th& Fund. The current Principal, Ms Mary Montgomery. is a membef of the Board and fully endorses the work of the Fund. The directors have p8id du• rtsgard to guidance i88ued by the Charity Commission In deciding what advrtles the chatY Should undertake. Achl•Y•monts and p•rfornian¢• Our activities have been shaped by the nfjed to raise sufficianl funds to ensurg Ihal the awards, when made. can be fully funded for the tenure of each bursary. 11 wa8 delemined by the Board that, initially, three bursarieg Should be awarded each year. The Board was of the vlew that #wards should be perfomance driven and was grateful that the School endorsèd this approach and agreed to draw up the crilerla agaSn81 which the first three gward$ would be made. The 8chool'8 proposal whlch was fvlly endorsed and agreed by the Board w89 10 target three key areas of Study in the school, namely." STEM subjects lincluding Technology. Mathematics and Sclencel, Voc8llonal subjects (including IT, Traveirrourism and Public S¢rvi¢el and General Sub* Ilncluding History, Politics, Medla Studies and Artl. Further, it has been our ambltkin lo be able lo commtt lo the award of bur8•rie$ some years ahead and whilst this reinforced the vlew that three was the cOe¢l number of wards to 8tsrt th. we have taken action lo increase the number of bursaries to be awarded. The school ensured that every pupil eligible for 8 bursary wo$ aware of the crilerla from the beglnnlng of the school year. Following examination 61t$ in August each year, Ihree bursarles are awarded to the three pupils who best met the criteria outlined above. Each bursary in total amounts 10 £3,600 and is paid over a perbod of three years dependent upon continuing academic attendance in further education by the pupils concèmed. In addition, each year the Board considers the awar(J of one-off awards on an ad-hoc basis.
Belfast Boys Model Bursary Fund (In Memory of EW Davis) Company Limlted by Guarantee Trustees. Annual Report (Incorporatlng the Dlrector's Report) (¢ontlnu8dJ Yoar ended 30 April 2025 Flnanclal revlow The Directors faiged funds during the year by direct contsd wlth a number of fomier pupils, who were advised of the existence and purpose of the Fund. and then invited lo contribute by a one-off gift. or by regular monthly donations through Direct Debil oi both. It is the policy of the charity that unrestricted funds which have not been desl9naled for a speclfic use should be grown lo allow the charity lo adopt an endowmttnl approach lo funding that is looking to providing funding frorn investment income, The directors consider that reseryes al this level will ensure that, in the event of a significant drop In funding. they will be able to continue the charity's CUTrenl activities whlle consideration ig given to ways in whlch additional funds may be raised. This level of reserves has been mainlalned throughout the yoar. During the year. the Fund raised £21,89512024.' £31,822) from donations. gift aid and bank intere8t and after paySng and providing for committed bursartes and expense8 added £3,711 12024.. £5,254110 unrestricted funus which now total £100,17612024'. £98,465). This ensures that the business can be funded In the yegrs ahead. The directors are pleased with the conllnuing support from both existing and new donors and believ¢ that the Fund has good potential lo grow In the future. Small comp•ny Pr1110n• This report has been prepared In accordance wllh the provi8ion8 applicabb to companle8 enlilled to thts small Gompanies exempllon. The Iru8lea$' annual report was approved on 12 January 2026 and 8Igned on behAM ol the board of trusleeg by.. Sir N Hamilton KCB, DL Director
Belfast Boys Model Bursary Fund (In Memory of EW Davis) Company Llmlted by Guarantee Independent Examlnerfs Report to the Trustees of Belfast Boys Model Bursary Fund (In Memory of EW Davis) Year ended 30 April 2025 I report lo the trustees on my examination of the Annual report and Unaudited Financial Statements ol Belfast Boys Model Bursary Fund Iln Memory of EW Dav1sI I'the charity'l for the year ended 30 April 2025. Re¥pon8lbllltiè# and bas18 ol rnport As the Iru$lees of the company {and also Its directors lor the purposes of company lawl you are re8ponsible for the preparation of the Annual report and Unaudited Financial Slalements In accordance with the requirements of Charities Act (Northem Ireland) 2008 Ilhe '2008 A¢t'l and the Companies Act 2006 I'lhe 2006 Act'l. You are satisfied that the accoun18 of the company are not required by ¢harity or company law Its be audited and have ¢hOn instead to have an independent examination. Having saligfled myself that the accounts ol the company are not required to be audited undef Part 16 of the 2006 Act and are eligible for independent examinallon, I report In respect of my examination of the charity's Annu81 report and Unaudited Financial Slalemenls as carrSad out under section 65 of th• 2008 Act. In carrylng out my examinallon I have fgllowed the general Dlreclions given by the Charity Commission for Northern Ireland under 8eclion 65191{bl of th• 2008 Act. Ind•p•nd8nt •xamln•r'• •t•t•m•nt I have completed my examinallon. I confim that no matters have come lo my attention in connection with my examinallon giving me cause to believe that in any materfal regpect.. accounting records were not kept In respect of the charity 08 required by secllon 388 of tho 2006 Act., or the Annual report and Unaudlted Finandal Slatem•nts do not accord wllh those records., or the Annual report and Unaudlled Financial Statements do not comply wlth thè 8ceountlng requirements of secb'on 396 of the 2006 Act other than any requlremenl that the account$ give a 'true and fairt vlew which 1$ not a matter considered a5 part of an independent examination,. or the Annu81 report an¢J Unaudlted Financial Statements have not been prepared in accordance bmth tho methods and principles of the Sl8temenl of Recommended Practice for accounting and reporting by charities applicable to charities preparing their account5 in accordance with the Financlal Reptsrting Standard applicable the UK and Republic of Ireland IFRS 1021.
Belfast Boys Model Bursary Fund (In Memory of EW Davis) Company Limited by Guarantse Independent Examlner's Report to the Trustses of Belfast Boys Model Bursary Fund (In Memory of EW Davis) (conllnu8d) Year ended 30 Aprll 2025 I CKsnfimi that there are no other matter8 lo which your attention 8hould be drawn to enable 8 proper under818nding of the aOunt$ to b$ rea¢hed. Mlch8el Flannlgan Independent Examin•r FEB Chartered Accountants Llnenhall ExGh8nge 26 Linenhall Street Belf851 8T2 88G 12 January 2026
Belfast Boys Model Bursary Fund (In Memory of EW Davis) Company Limited by Guarantee Ststement of Financial Activities (including income and expenditure account) Year ended 30 April 2025 2025 UnStriCted funds Totsl lunds Totsl frjnds 2024 Incomo and &d0entI Donations and legacies Other trading aclivilie¥ Investment Sncome Other income 15,070 15,070 20,250 7,131 3,665 3,160 3,665 3,160 4,441 Total Incom• 21,895 21.895 31,822 Expandlturo Expenditure on ral8in9 fund5 Expenditure on charitable actlvltles Totsl exp•ndltur• 4,240 22,328 10 18,184 18.184 18,184 18,184 26,568 Not SnGom• and n•t mov•m•nt In fund8 3,711 3.711 5,254 R•conclll•tlon of funds Total funds brought forward Total fund# carrl•d forward 96,465 96,465 100,176 91.211 100,176 96.465 The stslemenl of financlal activities includes all gain8 and losses recognised in the year. Ail Incoma and expendllure derlve from conllnuing act1vl&S. The not•s on pages 10 to 15 form p•rt of th••e Annual rnport and Unaudlt•d Flnanelal Stst•monts.
Belfast Boys Model Bursary Fund (In Memory of EW Davis) Company Limlted by Guarantee Statement of Financlal Posltion 30 Aprll 2025 2025 2024 Note Current assets Oeblors Cash al bank and in hand 17 3,160 115,276 4,404 110,541 118,436 114,945 Credltors: amounts lalllng due wbthln onè yaar Not current assets 18 18,260 18.480 100.176 96.465 Total assets lo•8 curr•nt Ilablliti•• 100.178 96,465 N•t as•ots 100,178 96,465 Fund• ofth• charlty Unreslricled funds 100,178 96,485 Total charity fund• 19 100,178 96,485 For the year endlng 30 Aprll 2025 the charlty was entllled to exemptlon from audll under section 477 of the Cornpanies Act 2006 relatsng lo small companl?8. Director8, re$ponslbllitles'. The member8 have not required the company lo obtain an audit of its Annual report and Unauditgd Financial Stalemènls for the year in quesllon in 8ccordanc8 section 476., The directors acknovledge their re$pon8ibililies for complying th the requirements of the Acl vAlh respect to accounting records and the prepar8tlon of Annual report and Unaudited Financi81 Statements. Th¢s• Annual report and Unaudited Financial Statements have been prepared In accordance Trmlh the proviyions applicable to companies subject to the small companies, regime. These Annual report and Unaudited Financial Statements were approved by thè board of trust80s and autt)oriyed for i$$ue on 12 January 2026, and are signed on behalf of the board by.. SirN amilton KC8, DL Director The notss on pages 10 to 15 forni part of thes• Annual report and Unaudltsd Flnan¢lal Stat•m•nts.
Belfast Boys Model Bursary Fund (In Memory of EW Davis) Company Limited by Guarantee Notes to the Annual Report and Unaudlted Financial Statements Year ended 30 April 2025 Gonoral Information The oharty is a public benefit entty and a private company limited by guarantee, registered in Northem Ireland and a registered charity in Northem Ireland. The address of the registered office is Belfast Boys Model School, Ballysillan Road, Belfast, 8T14 6RB. Statsment of complianco These Annual report and Unaudited Financial Statements have been prepared in compliance with FRS 102, 'The Financial Reporb'ng Standard applieable in the LJK and the Republic of Ireland,. the Statement ot Reeommended Practice applicable to charrties preparing their accounts in a¢¢ordance with the Financial Reporting Standard applicable in the UK and Republic of IrelarKI {FRS 1021 Icharilies SORP IFRS 10211 and the Companie5 Act 2008. AecountSng pollcl•• B•#is of proparntlgn The Annual report and Unaudited Flnanclal Slatemenl8 have been prepare¢J on the historical cost basi5, as rnodlfied by the revaluallon vf certain financial asse18 and liabilitie¥ an¢J investment properties measured at fair v8lu8 through Income or expendlluro. The Annual report and Unaudited Financial Slalements arg wepared in sterling, which Is th• fvnclional currency of the entity. Golng conG•rn There are no material uncertainties about the charity'8 abillly lo contlnuo. Judg•m•nt• and koy source• of tIMon uncertaSnty The preparation of the financial slalemen15 requlr•8 management to make judg•menl8. estimates and as$umplions that affect the amounts reported. These esllmates and judgements are conllnually reviewed and are based on experience and other factors, including expeclations of fijlure events that are belleved to be reasonable under the circumstances. Fund •¢countlng Unrestricted funds are available for u8e 81 the di¥crets'on of the tNBlees to fvrther ony of the charity's purp08e8. Designated funds are unreytricled funds eamarked by Ihe trustees for particular fvlure project or commitment. Re8lrkled fiJnd¥ are Subjected to re$tricts'ons on their expenditure declared by the donor or through the terms ol an appeal and fall Into one of tsvo sub-classes.. reslricled in¢ome funds or endowment funds. 10
Belfast Boys Model Bursary Fund (In Memory of EW Davis) Company Llmlted by Guarantee Notes to the Annual Report and Unaudlted Financial Statements {continu¢d) Year ended 30 April 2025 A¢countlng pollcl•B ieonthiu¢dJ Incomlng re80urcg¥ All incoming re30urces are included in the statement of financial activities when entitlement has passed to the charity., it is probable th81 the economic benefi15 associated wth the Iransacts'on will flow lo the charity and the amount can be r611ably measured. The followng specific policies are applied le particular categories of income.. income from donation8 or grants is recogni¥ed when there is evidence of enlillemenl to the gift, receipt is probable and its amount can be measured reliably, legacy income 18 recogni¥ed when receipt is probable 8nd entitlement is established. income from donated good$ is measured 81 the fair value ol the gojds unless this Is impractical to measure reliably, in which ¢ase the value is defiv8d frgm the ccsl lo the donor or the eslimaled resale value. Donated f8cililieg and services are recognised in the accounts when received if the value can be rellably measured. No amounts are included for the contribution of general voluntéérs. income Irom contracts for the supply of $ervice8 18 recognlsed wlth thè delivery of the contracted service. This is classified as unrestricted funds un108S there Is a conlr8clual quiremenl for it to be spent on a partlcular purpose and rgturned if unspent. in which case il may be regarded #s restricl•d. R••ourco# expended Expendilurelg recogni¥ed on an accw81s basis as a liabilrty is incurred. Expenditure includes any VAT whlch cannot be fully recovered, and Is c1458ified under heading8 of the Slalement of financial activities lo which il relates.. 8xpendkure on raSsln9 funds Includes the costs of 811 fijndraising activities, events, rKJn<harltsble tradlng activities. and the sale of donated goods. expenditure on charitsble activities indudes all costs incurred by a charty in undèrtaking activities that further Its charitable oimg for the beneflt of its beneficiarbes, including those Support costs and cogls relating to the gov8man¢e of the charity apportloned lo charitable acllvitiey. other 8xpendrf(ure includ86 all expènditure that 18 neither related lo ralsing funds for the charity nor part of itg expèndrture on charitable aclivilies. All costs are allocated lo expenditure categories reflocting the u80 of the resource. Dlrecl costs attributable to a $ingle activity are allocated directly lo that a¢b'vity. Shared costs are apportioned betsveen the activities they contribute lo on a reasonable, justs'fiable and consistent basls. Flnancial Instrumonls A financial asset or a financial liability is r9cognised only when the chafity becomes a party lo the conlractU81 provisions of the instrument. 11
Belfast Boys Model Bursary Fund {In Memory of EW Davis) Company Limited by Guarantee Notes to the Annual Report and Unaudited Flnanclal Statements l¢onthuedJ Year ended 30 April 2025 Accountjng pollclo8 fconiinu¢d) Flnonclal Instrumènts (CL1dj Baslc financial instruments are initially recognised al the amount receivable or payable including any related transaction cost5. CUent assets and current liabilities are subsequently measured al the cagh or other consideration expected to be paid or received and not discountsd. Debt Instruments are subsequently measured al aM0Sed cost. Where investments in shares are publicly Iradod or Ihelr fabr value can otheiSe be measured reliably. the investment is subsequently measured gt fair value with changes in fair value recognisetJ In income and expenditure. All other $uch investments are subsoquenlly measured at cost le8s impalmienl. Other ffinancial in$trumenl$, including derivatrves, are initially recogni5td at fair value, unless payment for an asset is deferred beyond normèl business term9 or financed at a rale of inlere8t that is not a market rate, In which case the a8s81 Is measured al the present V81ue of the future payments diounted al 8 market rale of interest for a simllar debt instrument. Other financial instruments are subsequenuy measured al falr value. wllh any ehange8 recognl8ed in the Ststemenl of financial aclivilies. with the exceptlon of hgIng instruments in deslgnaled hedging r¥lats'onghip. Financial as8818 that are measured 81 cost or aM08ed co31 are reviewed for oblecb.ve èvidèncè of impairment al the end of each reportlng date. If the ig objedive evidence of impaimenl, an impaimenl Ioss 18 recognised under the appropriate headlng in the statement of financial a¢tivf(ies In whlth the Inltlal gain was recogni8ed. For all equity instruments reg8rdless of 5ignrficance, and other financlal assets that are indlvidually $5gnificanl. these are assessed individually for impairment. Other financial a8sals are elther assèssed indivldually or 9rouped on the basis of simSlar credit rbsk ¢haracteri$lics. Any reversal¥ of impaimenl are facognised Immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the caryin9 amount would have been had the impairment not previously been recognised. Limlt•d by guarant09 Belfast Boys Model Bursary Fund (ln Memory of EW Oavisl wa5 registered on 21 April 2015 as a mpany limited by guarantee, not having a share capital. The liability of each member is limited lo an amount nol exceedlng £1. It 15 alpo a charity registered wlh HM Revenue & Customs. Donatlons and legacl•s Unrestrictsd Totsl Fund$ Unrestricted Tot81 Funds Funds 2025 Funds 2024 Donatlons Donations and gifts 15,070 15,070 20,250 20,250 12
Belfast Boys Model Bursary Fund {In Memory of EW Davis) Company Limited by Guarantee Notes to the Annual Report and Unaudited Flnancial Statements (¢OmlJu•d) Year ended 30 April 2025 Othgr tradlng acllvltlvJ Unrestricted Total Fund• Unreslricled Total Funds Funds 2025 Funds 2024 Fundraising ev8nls 7,131 7,131 Investsn•nt InGom• Unre$lri¢ted Total Funds Unreslricled Total Funds Funds 2025 Funds 2024 Bank interest receivable 3,665 3,665 Oth•r Sncome Unrestricted Total Funds Unr8$tricted Total Fund8 Funds 2025 Fund$ 2024 Gift Aid receNabl 3,160 3,180 4,441 4,441 Co•t• ol oth•r tradlng •ctlvltlg Unr•8tricled Total Fund• Unr?stricted Total Fund8 Funds 20215 Fund8 2024 Fundraisln9 ¢0818 4,240 4,240 10. Expfrndltur• on crItabl# *ctlvltl Unreslrlcted Total Funds Unreslrfcled Total Funds FunLts 2025 Funds 2024 Bank charges Computer running costs Sundry expenses Accountancy Grant fijnding of actfvllles (note 13) 154 250 161 103 47 417 21,600 161 103 47 417 21,600 250 480 17,300 18,184 480 17.300 18,184 22,328 22,328 13
Belfast Boys Model Bursary Fund (In Memory of EW Davis) Company Limited by Guarantee Notes to the Annual Report and Unaudited Flnancial Statements l¢ontmu¢d) Year 8nded 30 April 2025 11. Indepgndont oxamlnation tsos 202S 2024 Fees payable to the independent examlner for.. Independent examination of the Annual report and Unaudited FSnancial Slalements 480 480 12. Staff co8t• The average head count of employ888 during the year was Nil12024.' NIII. No employee received employee benoflts of more than £80.000 during the year12024'. NIII. 13. Trust•• rnmunerntlon and •xp•n809 No remuneration or other benefits from employment with the charity or a related entity were rèceived by the Irustses. 14. Grnnts pay•bl• Bursary Grants la Indlvldu•ls Bursary grants are avallable to every pupll at Be118818oys' Model School. lIe the Board ha$ uttimate re8ponsibilily for both the raising of funds and the awarding of 8ursarle8, the crrterta for Iho3e Bursaries a drawn up by the School senior management 4nd then ¢onsidered by and approved by the Board and are awarded based on criteria drawn up by the Board of Directors of the charity. Three boys are awarded a bursary of £3,800 each over three years with fiJrther one-off awards made annually al the Board's dlscretion. 16. DlrnGtor• None of the directors lor any persons conneGted wllh them) recebved any rèmuner8lk)n or benefrts from the ¢harlty during the year. 16. Taxatlon The chafrty 18 exempt from tsx on Income and galn8 falling wrthin section 505 ol the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent th81 these are 8ppll8d lo Its ch8ritsble objeots. 17. O•btor• 2025 2024 Other debtor8 3,160 4,404 14
Belfast Boys Model Bursary Fund (In Memory of EW Davis) Company Llmlted by Guarantee Notes to tha Annual Report and Unaudlted Financial Statern•nts (eontthu¢d) Year ended 30 April 2025 18. Grodltor8: amounts falllng duè within on• y•ar 2025 2024 cruals and deferred income Other creditors 960 17,300 480 18,000 18,260 18,4BO 19. Analysls of charltsbl• lund• Unr••trlctsd funds Al 1May24 At 30 Apr 25 Income Expendlture Genoral funds 96,485 21,895 118,1841 100,178 Al 1May23 Al 30 April 24 Income Exp8ndlture General funds 91,211 31,822 126,5881 96,465 20. An•ly•l• of n•t ••••ts bet4Y••n fund• Unrestricted Total Fund# Funds 2025 Current a8$el$ Credltors188B than 1 year N•t a8••ts 118,438 118,2601 ICQ.176 118,436 <18,2801 100,176 Unre8tricted Totsl Funds Funds 2024 Current ag8et8 Creditors less than 1 year N•t a$•ets 114,945 118,4801 96.465 114,945 (18,4801 96.465 15