Ch•fliy Roglstratlon No. 104206 Conw•ny Regl8trnllon No. N1012116 INorth•rn lrnl•ndl THE GLENDALOUGH TRUST (A cofflyny Ilmltod ty guarnnte•l ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENT5 F(* TIE VEAII ENoeD M OECEIABER 3)21
THE GLENDALOUGH TRUST (A COMPANY LIMITED BY GUARANTEE) CONTENTS P49• Charity N)1081 Tntstees. repyl Indopendènt examin•fs r•wt Stsiemert ot finaal thbes Note8 10 tt10 fman(Jal 5&l1wnlS 7-10
THE GLENDALOUGH TRUST (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION Uf Wlbam St#rt Mrs (Jive Mrs H8ath•f mcCortl Mfs lIamS Mrs Naomi St&art Ms Sob)me sieplwn>MIY Mr Stewart So¢rntary Mrs Natyni Stthart ¢h•rfty num 1042C6 Comp•ny nwnb•r N1¢*2115 R•glst•rnl oftlc• 4 snM Cowl HiMstrA)r 8trWasl BT26 6R8 Indep•nd•nt •xamln•r looro IN I I LLP 32 Lodgg Road 8T52 IN8
THE GLENDALOUGH TRUST (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2021 The irust•es, t•mO we diTedCrf8 lor the purpows of compY law. pr82ent Ihe anrnl together 1h tho fin8rKd statements of the cknarrta) rAxnp•ry year 8ThYed 31 oocembw 2021 stslements 1)tsn prnpared m aC(•rdar th fy mg pc4icie5 sel otsl m nola 1 10 thg fibc$#I dJt•m•ntg and rMIWy Wblh lh8 cth8ntrfs Memorandum aTrJ thdes ol A?sooalion, t Gompanie5 Aci arKI -Accountsng Rep(wtiivJ by Choribtss $teMent ol Recommenoed PTCIKg applicable tt) charibes prèparing thwr accounts In ac(rdara W4th th FTrnanu•l Repn? Standard aPpIabl in the UK and Rep1 of Ifeland IFRS 1021 (Èffe( 1 Jary 20191" ObJectlv•• and activItl Oty'e¢iiv•s, str•ttyies and xtlvlt Th8 ¢thanty Seeks to Dromoie ',he advanCent ol Ihe Chnsban lth. the Tel of wverty. atjvancemeni of edtscalion and Ih? rew ol and thsatded pefgon4 PKular. kxomots'on of their piiyxA ana Srrtual well.bèing Puwk b•n•fft Thtr chaniy makes grants to org8Thsation$ fw1heranc¢ of it's purpos ol YvAnong tho Ghrisiian fwth. rel1 of p0rty. advaFKement of educalion and prn0h0n d hea¢¢h The iiu3teB> C(rI[M Ihal Ihey ha tomF4d wth the fwroment# c+ Chgnb8g Ad INc1hem IreiaTh1) 2008 to have due regard to the publK benèfii wd8rtt pIStd Dy Ihe clwi.ty CommissKm Northem Irthanrj Achlev•nMrt• ind porf0mnCe The rn&n acttvement ol The Gbondalwh TNSI the year has b8•n rfs to rane knd8 ènab Ihe dwrity lo contnu8 to make don8tB)ns io ndiYth81s and ly05 use w fuNI8 effedl¥oly arKJ for Ihe bgnofit ol th• pubk. PIMlng lor luturn p•rlod• In wng I0d5 Ihe truslees to to siwft ond mwn both A1 Fln•ncl•l rovl• The re¥Lblls lor ar aro sel oul or¢ 5. Th8 net InCing resixrtes the year ol £1.24612020' r¢0> £12.7631 Al J18t D0mber 2021 lh• 10191 lund$ of Ihe chanty amiKbnted lo E40.752 12020." £39.5C61 compnng unrnstn'dW hJnd$ 01 £40,752 12020. £39 X61 and re4trthJ lunds ol ENII {2020 £NII stru¢¢urn. gov•manc• •nd m•nag•m•nl Ilalurn of9ov•rning docum•nt The GlerKlaknugh Trust is a chantablo lknrtod by 0t•. ¥1Ypcn on 8 Decwnber 3£, registered as a chtY HMRC on 5 FebrLWy 27 and wsleved th The Northem Ireland Charl¥ Commiwon on l F•lJryary 2016 Tho crfflparry wa5 lab&shed uThler a Meffloranoum ol Assotsoiion wh e$tablish&s Ihe obieas and PLAvers of the thanlal)l cornpany is by ifs ArtKI88 Ot As8coal Tne trutees Iv•ts) afg ¥so lh¢ dndor3 of Tho Gl¢TrJtrJh Trust l)Se$ of cyjnpany lawl afo f95ponsible lof prepariry the truste¢s' report and th9 thnwcial emlS sn n)rdance the Uniled ngdom Ac£ountsng Sian(i¥d$ Iunrted "r5$0M Generalty Awii•d ACtntl9 PractKél and ar4)lubte law and legulatn$
THE GLENDALOUGH TRUST (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 310ECEMBER 2021 CcMpY law requires Iho trusteos io prepwe fift¥ Wt•fflents oath finwl urwjer rmipgny law In8 Tfu518e5 ITIU511)01 appro¥v Ihe fin4YKJal atstomenis thoG6 th•y Are 1111 IhAI thèy oive a la ew ol the slBte of affaws ol the chani4fAe company and of It5 wwing resources and apiCati of Tesourc8$. irKILJding Ils IncAJmo and expendrtufg. Icrf lh4 penod In wep8nThJ finarw)815tatements, IMI trusteès are rnqUif•d to 5el8Ct suitable a¢couniirKJ polioes and con$islenYy. obsorve the melhods arml pniYJpbe8 In thè Chanbes SORP make ILKlgernents aryj esbmattrs ih81 afe re8sonable pru¢J8ni". slate wor aDpIIcAb UK AccwnttThJ StA[rds beon ILtxb8a. to maiorial departUTÉS disdosets and eyplaineu In Ihe finarA31 slatemènts. prepare Ihe sements the 0)n¢ ba>$ It 15 m¥pwopriate kn ry8sum• that th8 chantAble cMparTY Will In The tru$t808 4r• frjr k88km ad•r¥e records W• guffir)•nt to show and explwi the chanlable company S Iran3a¢bons 8rMJ disdos• ¥nih r•osce aClSCY at any bme finan0 posrti uf Il thafitabk •mwy jrtd onatJl• th•m tr) nAr4 IhAI Ihe Iinancid 5tal¢menls comtAy wlh 1fi8 C(xnpwies Act 2C(6 Tney ale so respty0 for safoguaf¢wvJ the assets of tne ChWTrtab company ¥rMI lor tokty re&sonable sps prewibon WKI d8t•cbC 91 fraud and Ofhef ryuianThe5. The trusieè8 wno Se8 tINI yo¥ and up lo the dat• of spanatsrn of fints stalements I. Mf William Slew•1 Mrs (Ji¥e Gibson Mr6 Ho#th•r Mccothdl Mis Cheryl Wlliams Mr$ N1 Slewart Ms Salomts slopS-MLVPY Harobd Sle•Mrt The m8nagemenl ol the dwnty is th8 resp1 of Il Irustses are glecied uTrJer the tfAms ot the meorandUI aiKI Artid¢J ofA3w"&bon. Thè tru8lee$' was opNoved by the Board olTNslees. Sts*rt Trugteg Dèted 23 June 2022
THE GLENDALOUGH TRUST (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE GLENDALOUGH TRUST We reFth lo IM IruSte8s on w examinath d the statements ol Gl8nd8lough Tmst I ch¥rtyl fcK the year end8d 31 December 2021. sèt on pgges 5 to 10. A•$pon•lbllltlM •nd of mport As Irustees of Ihe charrty also ils dKgc1ry5 to¥ the [seS ol company 111 you af¢ r8swnsibl• lor the preparat ol th& lfflamai sleMll in a(EuidKe th ic¢wbrtmonis of tho Companies Ad H4vty Sqtished 4xJrwlW8 Ihal fm#noa St4ternerts d Ihe (hanty r¥)t subjèd to drt urxjar company law ani • IntspeThJent exam1nabc. rt Is ow fe3p)ng1>lity lo. OM8miffv hnontsal S•Merbts geChc 65 of thé ciar1$ Acl (Nort1 Ifelandl 2Cth, lolknv Ihe procedures lthid dw) In tho ThtÈction# giw by the Chanty cmIsSn lor North•m Irelwd under secbon 6519Xbl of ChanbOS Aci INwtMern Iralaryjl 2¢)ob. a ' stats whelh•r p8rtKthar rnattors hwe cthm• to CU 8iienii Bil• of Indyndonl •xamlrn¢• •lal•m•nt We have examined your chtY hnanoal s18t8ment5 a5 reQred Urer seclnn 65 ot tre Clwit$ Acl IN¢x1118m Irelgndl 2rK)8 examnatKn was ¢3med In Wth th• geneol thrKIK>ns given by th• Charily CoTnm1s4141 for N(x1hem Ireknd seQM 6¥9llbl ol the cnantss Act Ir•landl 2008 The examinabon fftduded a of thè ac£(Aw)ling record5 kept the dianiy ana a cnrnp8nson of the fin&ncl statèm8nls p8810 wilh tISe rèc£Jrd5 11 Also 1ndudes Coi%1efatn ol any Lmusual Items or th5¢k)su In the fi.n04 stalements. anL1 se8rvj expi8naDon$ trorn yw as Ll)aniy Iruste85 malters Our ro Is lo slate whothw Y M9ter Matt5 h8¥0 com• to c•use to b81 That x(xwntsng racords W•Te not kept ffi ac£Mlm wth s8cbrffi tho CpS kn12rJA, or That Ihe Im¥nts81 tsiements do not wilh those reCd$.. That the hnanoal alai8m•nls ¢Jo comr4y wilh the acthunbno reqiirnments K)n 01 the Cornpan Ad XgJ6 and with the m¢lhods 8nd pgncipks of Ihe CnaniS Stalemep,l of Recomrnended Practice aptyicatje to chant5 prepamg Ihew finamal slalom&5 in accordwKe ltte FNianoal RertIng Siandard M) Ihe and Rewbhc of Ireland. or That thefe is Iwther Iniorm8uon urStanr of th• ¥Mom•nls to be Ind•p••d•nl •xrnln•rf• •tst•m•nt We have L>mied our ox8min8bon haw Mi r95wa cl mgttern11 110141 aDOVe WJ, cX>nnaCtsc wth Idlry4¥ing thè Th"reclions oi the Ch¥rty Ccrfnmiw(wi lor Nonlwn Irela. we hg¥e lound tters th81 requK¢ dravity to yw atlents 14ilary Fairo for and on b•h•ll of UotÈ IN I I LLP 32 Lcrtjog Road ceTaine BT52 1N8 Dated 23 2022
THE GLENDALOUGH TRUST (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021 Unmtrlct•d R••trki•d fund• lund# 2021 2021 Total Unrn•trlct•d R•strltted nd• lunoj 2020 2020 Tol•l 2020 Inco Donations arvj legaty•$ 32,206 1.550 40,766 73.278 10.250 23,528 Chantablv activilies 21,960 10.560 39.510 10.250 36.311 N•t In¢ombn loutgolwl re8OWC•• b•for? Irnl¢rs 3.246 12.OMI 1.246 112,783) 112.7831 Gr055 transfers been lunds 12,0001 N•t Incom•ll•xp•ndlturnl Net mov•m•nt ITr fwKI 1.248 1.246 {12.7831 112.7831 FuTrJ balancès at 1 J8nu¥ry 2021 39.601 52,289 52,289 Fund baknnc•s •t 31 O•cembvf 2021 40,752 40.762 39.Y 39,5C6 Slamen1 of frnatw) acbvities w)dudB5 1 gans k)ss8s rno)ffted m t1 year. hjl Income aThJ typorylrture dwv• Inym contfftuno The stslemont rf fin8nu actMtb•S also ClP11 ¥bYth the rewremwts for an I arKt exprtUre a¢rthnl d*r the Companbes Acl 2.
THE GLENDALOUGH TRUST (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET AS AT 31 DECEMBER 2021 2021 2020 Not•• Current ••s•ts Dtrblors Cash al baf aThJ in hafyl 5.513 .914 41.180 41427 41.1 CdItorS. amount¥ fallhg on• y•ar 11.6761 11.6741 Net currènt 98S815 40.762 39.S Inwffl• funth Unr&stncled lunds 40.762 39,% 40,752 39.K The company 1$ onbtjed lo Ihe éxemprt Irom Iho aMfjI Fwjiroment c(xw"ne(I n 501kn 477 cl COme3 12CrfK+, tor Ihe eThJ¢d 31 Dorthb¢r2021. Th8 (reclors acknaedge I1[ SpOn9h15 tor comklying wrth fequrem8nl$ of Ihe Crynparw•8 Act th ftspecl lo &i))urthno rec¢¥ and Iht Wopaiattt ol financial statemonts The members have reqred the ejmipany lo cthin an 8ut of ts n8rkial $lembMl$ Ic¢ lh8 year que&Cn in accdance with sethon 476. These Imancjal Iiat8m•nts hak* prnpwthj in tr to c(wnpaNes sut4OGt io th& small compaTh8s regme The ai enls were •pprovthY by the Tru5knes on 23 2022 r Stewart Trust•• Conyny R•91tIOn No. N11162116
THE GLENDALOUGH TRUST
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Acc(xlIng pollcl••
Ch•rlty Infofm•llon
The Glendal¢JW Trusi 15 a private compary hmrted by ourne Northern Ifelw¥J. The
re91slèred 15 4 SarKlnngham thrt, H4lslJcY(Ath. 8ellast. BT26 6R8.
1.1 AGGountlng ¢onv•ntson
Thg tinanGai siaiemenis propared In accwdanc• tmth the chanty'5 MemraIHffl Artd88 Of
Assooation.
the Companies Aci 2G and "Acc¢yJnMng ano Rep by Chanlie5 Statemonl of
R8commtnded practsce aky11¢ lo thAnt6 pr•pAnng thr ¥usuniS In accnroanco Fnarnial
Reportmo Stsndard appkcafAe In the UK aThJ Repubbc ol Iro IFRS 10211offadiNe l J8nu8ry 20191-
Ttté (anty a PuUic Benelit Enbty as dohned by FRS 102
Tne charily has taken advantage c4 the pr(M¥wms in the SORP tr chwiIS gpplyM)o FRS 102 Upjale
8ulelin 1 not tts prep¥e 8 Stièmenl of Cash Fk)ws.
T finanLiol prop8red in sierfina. Is Ine IwwxirI tsf Ihe thar Monetary
amolS in ttw3e Iinanoai ststomonts arn fThJnW the n9ast £
The pnrKy81 alxWnbr poboes p4A)Oed are oelow.
1.2 Golngconc•m
Al the time of apwoiif¥J IM lth¥o81 afW)l$, IM Ifusle•5 ha • reasonable 9xpedal that Ihe
thdrily has adoqL4olo r98re0$ to rffit1n In ooeraknrrf) eXlence lor me fL¥esetrable lulure Thu$
ustses io adopt the bas ol aCCountg In prop8nno me Thn3# 51alem¢ntJ.
1.3 CharSt•ble lund•
Unfeslficled lunds ¥e a¥•lab I¢K use at the a15¢X8t of tho tru3tsO8 in fvrthor> of Ilwr
ci)jeCl¢ves.
ILmds ar• to 8p¢afK by
THE GLENDALOUGH TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Accowitlng pollcl•• IContlnudl 1.6 Ca•h and e••h •qul¥l•Ats Cash and cash equivar)Is ndudè cash in Iwvj. d8po8rts at C41 wAn Dwik3. Otfw 3tr(M Iguid Investments thlh Qfigmal matunbes oi thrpe le. and obprdraltg overdrafts af¥ shuwn lhI b0rrrWr¥Js bn current al¥"b@s. 1.7 Flnanclal IMirum•nts Tn$ chavly has elect84 to aPY the al S•rAM 11 'Ba8¢ Finww)4 Instrumenls. SeclKM 12 othef Finanttal Instnjments Is8uo$' crf FRS 102 to am ol 115 fin4 Instrum8nt$ instnmnonls recowsod n Ihfr (arWs balw becomes party lo Ihe ¢¢[factU sKows$ oftr pistrumerit. Finanool ass$ and liah11t5 are offsel. wlh Ihe rnt aMertIS PsenIo0 ing finaiwl 5tiieii)enls, whèn there is B enIorab rwhi to set off recognised amounts and thera ss afi Inten1n to sett18 on a net basig or to realiso the awl and setlle lh8 liablty Bawc lsnaDo assets IJe (18tytOT5 and cash and bart¢ bal8lVS. We Irrfnalty meawed al trBll38ctson prKX Indudirrfd tr•nsacknw costs and are subsequently &imed al 8morb.sed ¢osl u8iryJ Ih offeclive int•resl mthod urf88S iNg arrangement con5ts1ulvs a finanot¥J tranaadion. whore tho transact is me8sLtr8d ai sknsenl value ol thè lutlffè rec8oiY discoth¢•J a • market rata of 4nifjrest Fu)anc4al assets clas¥ld as r8cwwdtrA8 ¢M)o y08r ara not w[Sed B•sk lInl•l Ilabllili Basic Iinanaal iiabililies, indlij uo(htors and we Inibaly wDgni$8(1 81 transaclion pnc unless the afranoement consbtut$S 8 fin8ncx4J transacknn. wherts me debl InstrLmenl is measur011 al Ib8 esglli Val ol the fuluie payrTients rth¥Ited at a mJrk•t ratt of Int•resl F¥n3noal ha1$ dasw1d as payablt wilhln ong 41 are amortiyed Debl InnonI5 we S0qlnIty at amts80d Cost. Ihe effethe Inwosl fate m8llxxl. TrwJ8 (xothiors obligalnis to pay lor wjds Ihat hai beon acqthred m the eKdin CLMffse ol operalWS IrDm $uWis AmoLmls payable are dassthed as oJrr¢nl habilities If p8ymenl 1$ due wlhin è y8ar of less 11 nol they are Pfesenled as rwCur[ lbIlliO9 Tr•Je Credit5 (on•d lrnlially al Ifansath¢)n pnce and subwuenlly moa5ur¥d ai amortssed cost uwg effocu¥e Int•ros1 Irnlld. Finonciai lialiveS are d8r?rAyftised thority'5 contrAdy•l obhgal)ns oxprn disdrQed or cancelled. Crlfltxl ateountlng e8tlmit•• •nd In the thanty"s ¥(71 pes. tm trustees aro rnqUIr to make }udgwnenl5. estimAtes and 888umpI5 aooul the caryry now)i of asgets and liabilit¥ Ihal pre rtradily appa[11 trom oiner souices Tl esumates 8nd as8o¢Jated #ssumptions arè based on historica5 oxperienco and other facr3 that •re eondWOd to te relev•rt rtrsutts may ijiller from those esb"mate8. The estsrnates aThJ undedyin9 assumptsons are rewthvwl on oTrJoing bags Rew$ions 10 ac&n¢1ng eslimates we recognis•d In ID8 p•nod in esiKnate is re*s¢d hYhor¢ Iha affucts Mly Ihjii pénod. Wb period of the rewsi(th penods whwe tho re¥)n affeas both uJr[l and lulur• riods
THE GLENDALOUGH TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Donatlons and l•ycle• Unrnatrlcted R•8trkt•d lundEb Totsl Lthrestrrtod Reslrbca8d lunds fu15 Tot 2021 2021 2021 2020 2020 Donali¢)ns &'ft aid lax i•d•'meO 21400 0,500 30.560 10.250 14.79J 8.778 1,778 32.201 40,766 13.278 10.2$0 23.528 Charltabl• •cllvltl•s Ch•rlt•ble Charl¢thbl• Expendltur•Exp•ndiwr• 2021 2020 Chantat)le dunalions narKe cosls Bonk ch3rge6 39.649 117) 38.250 13 48 39.510 36.311 39,610 .311 Anily•h by I)d Unroslricted lunds Restrtd8d fun¢JS 28,960 10.660 26.1A1 10.250 39.S10 .311 Tru•t••s Non8 ol tho Iwslees lor Y per3wd ¢wn•ctfjd *iltt Iheml recefftd wy or benefsts frc¥n th u4riiy Ine year Enyloy• The 8verago MthlY nunber ol 8mpkn>Yes dunr¥J Ihg yw w89 2021 2020 Tolol
THE GLENDALOUGH TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2021 Debtors 2021 2020 Anwunts l•lllng du• orn s••r. oth8r debtiKs 6.513 Cr•dltorn: m04mt lalung one ye•r 2021 2020 Other crethlrys A¢cfyal8 d•lwrad irtom• 1,275 41x1 1274 4rK) 1,675 1,674 R•lat•d PArty trAftsacllons Ttre Irustees. wno are a180 fv dIreu{ lry thfr purpo3os ol (PY law. le•d no reer•In tor thth'r serwogs lor lh• year Ind wthn iffj)me we am(xmts £30.950 12027 £37.99)) rewewtiry d(makn$ madè by chanty IfUJt8•8 10-