Charity Registration No. 104206
Company Reglstratlon No. N1062115 (Northern Ireland)
THE GLENDALOUGH TRUST
IA company limited by guarantee)
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

THE GLENDALOUGH TRUST
(A COMPANY LIMITED BY GUARANTEE)
CONTENTS
Page
Charity Information
Trustees, report
Independent examinerfs report
Statement of financial activities
Balance sheet
Notes to the financial statements
7-11

THE GLENDALOUGH TRUST
(A COMPANY LIMITED BY GUARANTEE)
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr William Stewart
Mrs Olive Gibson
Mrs Heather Mccorkell
Mrs Cheryl Wlliams
Mrs Naomi Stewart
Ms Salome Stephens-murphy
Mr Harold Stewart
Secretary
Mrs Naomi Stewart
Charity number
104206
Company number
N1062115
Registered offlce
4 Sandringham Court
Hillsborough
Belfast
BT26 6RB
Independent examlner
Moore (N.I.I LLP
30-32 Lodge Road
Coleraine
BT52 1 NB

THE GLENDALOUGH TRUST
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees, who a￿ directors for the purposes of company law, present the annual report together with the
financial statements of the charitable company for the year ended 31 December 2023.
The financial statements have been prepared in a¢cordance with the accounting policies set out in note 1 to the
financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act
2008 and "Accounting and 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} (effe¢live 1 January 2019}"
Objectives and activlties
Objectlves, strategles and actlvltles
The charity seeks to promote the advancement of Ihe Christian faith, the relief of poverty, advancement of education
and the relief of sick and disabled pérsons, in particular, the promotion of their physical and spiritual well-being.
Publlc beneflt
The charity makes grants to organisations working worldwide in furtherance of it's purposes of advancing the
Chrislian faith, relief of poverty, advancement of education and promotion of health.
The trustees confirm that they have complied with the requirements of the Charities Act (Northern Ireland) 2008 to
have due regard to the public benefit guidance published by the Charity Commission for Northern Ireland.
Achievements and perforniance
Significant aclivities and achievemenls against objectives
The main achievement of The Glendalough Trust during the year has been it's ability to rais8 sufficient funds to
enable th8 charity to continue to make donations to individuals and organisalions who use the funds effectively and
for the benefit of th8 public.
Planning for future periods
In going fowards the trustees wish to ¢ontinu8 to support charities and mission work, both local and global.
Financlal review
Rese￿eS policy
The results for the year are set out on page 5. The net outgoing resources for Ihè year of £7,873 {2022.' £9,286). At
31 st December 2023 the total ftjnds of the charity amounted to £23.593 (2022.. £31,466) comprising unrestricted
funds of £23,593 (2022: £31,466) and restricted funds of £Nil (2022: £Nil).
Structure, governance and management
Nature of governlng document
The Glendalough Trust is a charitable company limited by guarantee, incorporated on 8 December 2006, registered
as a charity with HMRC on 5 February 2007 and regislered wilh The Northern Ireland Charities Commission on 1
February 2016. The company was established under a Memorandum of Association which establishes the objects
and powers of the charitable company and is governed by it's Articles of Association.
The trustees {who are also the dirèctors of The Glendalough Trust for the purposés of company law) are
responsible for preparing the trustees, report and the financial stalemenls in accordance with the United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounling Practice) and applicable law and
regulations.

THE GLENDALOUGH TRUST
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Company law requires the trustees to prepare financial statements for each financial year. under company law the
trustees musl not approve the financial statements unless they are satisfied that they give a true and fair view of the
state of affairs of the charitable company and of its incoming resources and applicalion of resources, including its
income and expenditure, for that period. In preparing these financial statements, the trustees afe required to..
select suitable accounting policies and apply them consistently.,
observe the methods and principles in the Charities SORP.,
mak8 judgements and estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards have been followed. subject to any material departures
disclosed and explained in the financial statements-, and
prepare the finanGial statements on the going concern basis unless it is inappropriale to presume that the
¢haritable company will conlinue in business.
The trustees are responsible for keeping adequate accounting records Ihat are sufficient to show and explain the
charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the
charitable company and enable them to ensure that the financial slatements comply with the Companies Act 2006.
They are also responsib5e for safeguarding the assets of the charitable company and hence for taking reasonable
steps for the prevenlion and delectlon of fraud and other irregularities.
The trustees who seNed during the year and up to the date of signature of the financial statements were-
Mr William Stewart
Mrs Olive Gibson
Mrs Heather Mccorkell
Mrs Cheryl Williams
Mrs Naomi Stewart
Ms Salome Stephens-murphy
Mr Harold Stewart
ReGruilment and appoinlment of Irustees
The management of the charity is the responsibility of the trustees who are elected under the terms of the
Memorandum and Articles ofAssociation.
The trustees, report was approved by the Board of Trustees.
IW
Mrs Naomi Stewart
Trustee
5 August 2024

THE GLENDALOUGH TRUST
(A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE GLENDALOUGH TRUST
We report to the trustees on our examination of the financial statements of The Glendalough Trust (the charity)
for the year ended 31 December 2023, which are set out on pages 5 to 11.
Responsibilities and basis of report
As Ihe trustees of the charity {and also its directors for the purposes of company law) you are responsible for
the preparation of the financial statements in accordance with Ihe requirements of the Companies Act 2006.
Having satisfied ourselves that the financial statements of the charity are not subject to audit under company
law and are eligible for independent examination, it is our responsibility to-
examine the financial statements under section 65 of the Charities Act (Northern Ireland) 2008.,
follow the procedures laid down in the general Directions given by the Charity Commission for
Northern Ireland under section 65(9)(b) of the Charities Act (Northern Ireland) 2008., and
state whether particular matters have come to our attention.
Basls of Independent examinefs statement
We have examined your charity financial statements as required under section 65 of the Charities Act
(Northem Ireland) 2008 and our examination was carried out in accordance with the general Directions given
by the Charity Commission for Northern Ireland under section 69(9){bl of the Charities Acl {Northern Ireland)
2008. The examination included a review of the accounting records kept the charity and a comparison of the
financial statements presented with Ihose records. It also includes consideration of any unusual items or
disclosures in the financial stat8ments, and seeking explanations from you as charity trustees concerning any
such matters.
Our role is to state whether any material matters have Come to our attention giving us cause to believe..
That accounting records were not kept in accordance with section 386 of the Companies Act 2006. or
That the financial statements do not accord with those records., or
That the financial ststements do not comply with the accounting requirements of section 396 of the
Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended
Practice applicable to charities preparing their financial statements in accordan¢e the Financial Reporting
Standard applicable in Ihe UK and Republic of Ireland; or
That there is further information needed for a proper understanding of the financial statements to be
reached.
Independent examiner's statement
We have completed our examination and have no concerns in respect of matters (1) to (4) listed above and, in
connection wilh following the Directions of the Charity Commission for Northem Ireland, we have found no
matters that require drawing to your attention.
Hilary Farrell F
for and on behalf of Moore (N.I.) LLP
30-32 Lodge Road
Coleraine
BT52 1NB
Dated.. 5 August 2024

THE GLENDALOUGH TRUST
(A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
Unrestrieted Restrlcted
funds
funds
2023
2023
Total Unrestricted Restricted
funds
funds
2022
2022
Total
2023
2022
Notes
Income from:
Donations and legacies
22,869
11,100
33,969
22,509
9,300
31,809
enditure on:
Charitable activities
28,542
13,300
41,842
29.795
11,300
41,095
Net outgoing
resources before
transfers
(5,673}
{2,200)
17,873)
17,286)
(2,0001
(9,286)
Gross transfers be￿een
funds
(2,200)
2,200
(2,000)
2,000
Net exponditure for the yearl
Net movement In funds
(7,8731
{7,873)
(9,286)
{9,286)
Fund balances at 1
January 2023
31,466
31,466
40,752
40,752
Fund balances at 31
December 2023
23,593
23,593
31,468
31,466
The statement of financial activities includes all gains and losses recognised in the year.
The slalement of financial activities includes all gains and losses recognised in th8 year. All income and expenditure
derive from continuing aclivilies.
The statement of financial activities also complies with the requirements for an income and expenditure account
under the Companies Act 2006.

THE GLENDALOUGH TRUST
(A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET
AS AT 31 DECEMBER 2023
2023
2022
Notes
Current assets
Debtors
Cash at bank and in hand
4,776
20,492
5,328
27,815
25,268
33,141
Creditors: amounts falling due within
one year
11,6751
(1.675)
Net current assets
23,593
31,466
The funds of the charlty
Unrestricted funds
23,593
31,466
23,593
31,466
The company is entitled lo the exemption from Ihe audit requir8ment contained in s8ction 477 of the Companies Act
2006, for the year ended 31 December 2023.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006
with respect to accounting records and the preparation of financi81 statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in
accordance with section 476.
These financial statements have been prepared in accordan￿ with the provisions applicable to companies subject
to the small companies fegime.
The financial statemenls were approved by the trustees on 5 August 2024
William Stew
Trustee
Company regislralion number N1062115 (Northern Ireland)

THE GLENDALOUGH TRUST
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policie5
Charity information
The Glendalough Trust is a private company limited by guarantee incorporated in Northem Ireland. The
registered office is 4 Sandringham Court, Hillsborough, Belfast, BT26 6RB.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's Memorandum and Articles of
Association,
the Companies Act 2006 and "Accounting and 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 1 January 2019)" The
charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin
1 not to prepare a Slatement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary
amounls in these financial statements are rounded to the nearest £.
Th& principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expeclalion that the charily
has adequate resourc6s to continue in operational existence for the foreseeable future. Thus the trustees
Continue to adopt the going concem basis of accounting in preparing the financial stalements.
1.3 Charltable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charltable
objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the
charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met,
the amounts can be measured r81iably. and it is probable that income will ba received.
Cash donations are recognised on receipt. Other donations are recognised once the charily has been notified
of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in
relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity 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
contingent asset.
1.5 Expenditure
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and
services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those
costs of an indirect nature necessary to support them.

THE GLENDALOUGH TRUST
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies
{Continued)
1.6 Cash and cash equivalents
Cash and cash equivalenls include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of thr68 months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.7 Financial instruments
The charity has elected to apply the provisions of Section 11 '8asic Financial Instruments, and Section 12
'Other Financial Instruments Issu6s' of FRS 102 to all of ils financial instruments.
Financial instruments are recognised in the charity's balan￿ sheet when the charity bacomes party to Ihe
ontractual provisions of the instrument.
Financial assets and liabilities are offset, wilh the net amounts presented in the financial statements, when
there is a legally enforceable right to sel off the recognised amounts and there is an intention to settle on a net
basis or to realis8 the asset and setlle Ihe liability simultaneously.
Basic flnanclal assets
Basic financial assets, which include debtors and cash and bank balances, ar8 initially measured at
Iransaction price including Iransaclion costs and are subsequently Ca￿led at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of Ihe future receipts discount8d at a market rate of interest. Financial assets
classified as receivable within one year are not amorlised.
Basic flnanclal Ilabllltles
Basic financial liabilities, including credilors and bank loans are inilially recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of Ihe fvture payments discounted at a market rate of intefest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabililies. Trade creditors are recognis8d initially at
transaction price and subsequently m8asured at amortised cost using the effective interest method.
Derecognition of flnanclal Ilabllltles
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.8 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed
to terminate the employment of an employee or to provide temination benefils.

THE GLENDALOUGH TRUST
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Critical accounting estimates and Judgements
In the application of the charity's accounting policies, the twstees are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumplions are based on historical experience and other factors that
are considered to be relevant. Aclual results may differ from these estimates.
The eslimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the 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.
Donations and legacies
Unrestricted Restricted
funds
funds
Total Unrestricted Restricted
funds
funds
Total
2023
2023
2023
2022
2022
2022
Donations
Gift aid tax reclaimed
16,000
6,869
11,100
27,100
6,869
16,130
6,379
9,300
25,430
6,379
22,869
11,100
33,969
22,509
9,300
31,809
Charitable actlvities
Charitable Charitable
Expenditure Expenditure
2023
2022
Charitable donations
Bank charges
41,800
42
41,050
45
41,842
41.095
41,842
41,095
Analysis by fund
Unrestricted funds
Restricted funds
28,542
13,300
29,795
11,300
41,842
41,095
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the
charity during the year.

THE GLENDALOUGH TRUST
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Employees
The average monthly number of employees during the year was..
2023
Number
2022
Number
Total
Th8re were no employees whose annual remuneralion was more than £60,000.
Remuneration of key management personnel
The remuneralion of key management personnel is as follows.
Taxation
The charity is exempt from taxalion on its activities because all its income is applied for charitable purposes.
Debtors
2023
2022
Amounts falling due within one year:
Other debtors
4,776
5,326
Creditors: amounts falllng due wlthln one year
2023
2022
Other creditors
Accruals and deferred income
1,275
400
1,275
400
1,675
1,875
10 Unrestri¢ted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which a
not subject to specific conditions by donors and grantofs as lo how they may be used. These include
designated funds which have been set aside out of unrestricted funds by th8 trustees for specific purposes.
At 1 January
2023
Incoming Resources
resources
expended
Transfers
At31
December
2023
General funds
31,466
22,869
(28,542)
(2,200)
23,593
10-

THE GLENDALOUGH TRUST
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
10 Unrestricted funds
(Continued)
Previous year:
At 1 January
2022
Incoming
resources
Resources
expended
Transfers
At31
December
2022
General funds
40,752
22,509
(29,795)
(2,000)
31,466
11 Related party transactions
The trustees, who are also the directors for the purpos8s of company law, r8c8ived no remuneralion for their
services for the year.
Included within income are amounts totalling £27,100 {2022'. £25,430) representing donations made by charity
trustees.
11