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← The Macan Trust for the Blind

2025-12-31-accounts

Macan Trust for the Blind

(Northern Ireland Charity Commission Number: 104924)

Report of the Trustees and Financial Statements for the year ended 31 December 2025

Noel Conn & Company Chartered Accountants

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Macan Trust for the Blind

Accounts for the year ended 31 December 2025

Contents

Page

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||||||| |---|---|---|---|---|---| |Trustees|and|Other|Information........ccccccccsccccsscrscsssssesesseessessesvasvasevsssecsseseerere3| |Report|of|the|TrUSt@@S.....0..cccccccccsecescesescsesvsssssrsssrreesrsesrsssatstesatecsusevatessssst| |Statement|of|Trustees’ Responsibilities...coc|ccccseceseccssecssscessessesevsseresseceserees|6| |Independent|Examiner's|report|to|the|Truste@s.......0..0cccceesecssecsceeseeceesssessereseeseeeens8| |Statement|of|Financial|Activities... ccccccccccsecsscesccsscssecesessetsassstsesstesatessersessed| |Statement|of|Financial|POSitiON.......ccccececececcscsecsscscsseesserserssstateatecsteassasseee40| |Notes|to|the|Financial|Statements.......0..0.ccccccccssccecsecssccsessvessersvsssstassssessserseensens1|

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Macan Trust for the Blind

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Trustees and Other Information

Trustees Archbishop John McDowell Archbishop of Armagh Most Revd Eamon Columba Martin Archbishop of Armagh Revd Thomas Shane Forster Mr George Henry Emerson Mrs Laura Hassan Mr Desmond Robert David Mitchell Miss Melanie Houston Mr Roger Nesbitt Rev Thomas Moore

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|||||| |---|---|---|---|---| |Contact|Details|Dr|Stephen|Day| |Summerhill| |28|Tullygarden|Road| |Richhill| |Armagh| |BT61|8QT| |Telephone:|028|38871831| |Email:|themacantrustfortheblind@gmail.com| |Independent|Examiner|Noel|Conn|FCA| |7|Seven|Houses| |English|Street| |Armagh| |BT61|7LA| |Bankers|AIB| |{8-20|Scotch|Street| |Dungannon| |BT70|1AZ| |Charity Commission|NI|Number|104924|

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Macan Trust for the Blind

Trustees report for the year ended 31 December 2025

The Trustees present their report along with the financial statements of the charity for the year ended 31 December 2025. The financial statements have been prepared in accordance with the accounting policies set out of page 11.

Constitution

Macan Trust for the Blind is a non-incorporated body and is an accepted charity by the Charity Commission Northern Ireland on the 1 April 2016 under number 104924.

Organisation

The Trustees who have served during the year are detailed out on page 3.

Public Benefit

The Trustees believe that both our purposes and the activities undertaken in this last financial year clearly satisfy elements of the public benefit requirement.

Statement of Public Benefit

Our purpose is to provide financial assistance to organisations in Armagh City and surrounding district who support the blind in their local communities. We also provide financial assistance to any recognised Charity for the Blind as the trustees, after consultation with the committee, think fit, provided that the trustees are satisfied that the recipient thereof shall apply such income or capital (as the case may be) for the benefit of the prescribed class. ("Recognised Charlites for the Blind" shall include the Royal National Institute for the Blind and such other institutions or trusts provided for the blind in Northern Ireland recognised as charitable according to the law of Northern Ireland.) The direct benefits which flow from this purpose are the enabling of the provision of comforts and special equipment to improve the quality of life and opportunities of members of the "prescribed class." (The "Prescribed Class" means blind persons in Northern Ireland, preference being given to blind persons resident in the city of Armagh and surrounding district.) These benefits are evidenced through:-

(a) Feedback from beneficiaries

(b) A survey of yearly applications including what the previous year's grant monies were spent on and what the forthcoming year's grants will be spent on (c) Regular independent evaluation of our services

What is Macan Trust for the Blind

We liaise with local groups and organisations who provide support to the blind in their own communities. In November of each year the Secretary of the Macan Trust writes to their representatives inviting them to make application for grant monies for the following year. In late January/early February the applications are considered by the Advisory Committee and their recommendations are presented to the Trustees who decide on the merits of each application. Where grants are approved the monies are provided at a formal presentation in March. (Special applications can be submitted at any time of the year.)

During the year ended 31 December 2025 the charity donated support to 14 groups and organisations, ranging from donations of £680 to £2,000.

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Macan Trust for the Blind

Financial review and Investment Policy

During the year ended 31 December 2025, the charity received investment income of £22,472 which yielded a surplus of £3,714.

Share disposals resulted in proceeds of £32,942.19 and a capital gain of £1,308. During the year there were share additions at a cost of £44,215,

Risk Management

The Trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to reduce these risks. These include quarterly reports from Evelyn Partners on the investments held and how they have performed, along with any recommendations on how to minimise the risk of those investments while yielding a good return to enable the charity to give grants to those in need.

By order of the Trustees

(2.3. Se26 Date /-

Macan Trust for the Blind

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Statement of Trustees' Responsibilities

The Trustees are responsible for preparing the Trustees' Annual Report and the Financial Statements in accordance with the applicable law and United Kingdom Accounting Standards.

The law applicable to charities in Northern Ireland requires the trustees to prepare financial statements for each financial year. Under that law the trustees have prepared the financial statements in accordance with Generally Accepted Accounting Practice in the United Kingdom (accounting standards issued by the Financial Reporting Council in the UK, including Charities SORP (FRS 102). Accounting and Reporting by Charities: Statements of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and promulgated by the Institute of Chartered Accountants in the United Kingdom and United Kingdom Law). Under that law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of the affairs of the charity and of the statement of financial activities of the charity for that period.

In preparing these financial statements, the trustees are required to:

e — select suitable accounting policies and then apply the consistently;

e observe the methods and principles in the Charities SORP;

e make judgements and estimates that a reasonable and prudent;

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act (Northern Ireland) 2008 and the Charity (Accounts and Reports) Regulations (Northern Ireland) 2008, They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charities website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions,

Statement as to disclosure to our Independent Examiner

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Macan Trust for the Blind

Independent Examiner

A resolution to re-appoint the Independent Examiner, Noel Conn FCA, will be proposed at the annual general meeting.

By Order of the board

By order of the Trustees

Archbishop+ <eL. John McDowellKnock

Date 13° 2. da2e/

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Macan Trust for the Blind

Independent Examiners Report for the year ended 31 December 2025

We report on the financial statements of Macan Trust for the Blind as set out on pages 9 - 13 for the year ended 31 December 2025, which comprise of the Statement of Financial Activities, The Balance Sheet, and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and the Financial Reporting Standard for Smaller Entities (effective April 2008).

This report is made solely to the Charity Trustees, as a body, in accordance with regulations made under the Charities Act (Northern Ireland) 2008.

Responsibilities of the Macan Trust for the Blind Trustees and Examiner

As the charity's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008.

It is our responsibility to:

Basis of Independent Examiner’s Report

We have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act.

Our examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.

Our role is to state whether any material matters have come to my attention giving me cause to believe:

  1. That accounting records were not kept in accordance with section 63 of the Charities Act 2. That the accounts do not accord with those accounting records

  2. That the accounts do not comply with the accounting requirements of the Charities Act 4, That the is further information needed for a proper understanding of the accounts to be reached

Independent examiner’s statement

| have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, | have found no matters that require drawing to your attention. Wd ? Co 3 E [292.6 Noel Conn FCA Date

Chartered Accountant 7 Seven Houses Upper English Street Armagh BT61 7LA

Macan Trust for the Blind

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Statement of Financial Activities for the year ended 31 December 2025

Unrestricted Restricted Total Total
Funds Funds Funds Funds
2025 2025 2025 2024
£ £ £ £
Notes
Incoming Resources:
Investment
Income 22,472 - 22,472 20,495
Grants
Receivable a
Total Incoming Resources 22,472 = 22,472 20,495
Resources Expended:
Fundraising and Publicity - - - -
Net Income from Resources
Available
ForCharitable Applications 22,472 - 22,472 20,495
Charitable Expenditure:
Cost of activities for charitable
objectives 2 10,800 - - 9,375
Management and
Administration		 5 7,958 - “ 9,019
Total Charitable Expenditure 18,758 - 18,758 18,394
Total Resources Expended 18,758 - 18,758 18,394
Net Income/Expenditure for
theyear		 3,714 - 3,714 2,101
Gross Transfers between funds - - - -
Net Income/(expenditure) for
theyear		 3,714 “ 3,714 2,101
(Loss)/Gain on Investments 1,309 - 1,309 (11,903)
Surplus for
Year		 5,023 - 5,023 (9,802)
Reconciliation of Funds
Total funds broughtforward 537,993 - 537,993 547,795
TotalFundstoCarryForward 543,016 - 543,016 537,993

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Macan Trust for the Blind

Statement of Financial Position as at 31 December2025 2025
Employment ofCapital Notes — Unrestricted Restricted Total Total
Funds Funds Funds Funds
2025 2025 2025 2024
£ £ £ £
Investments
Investments 4 471,695 - 471,695 444,502
Current Assets
Debtors and Prepayments 5 - - - -
BankandCash 33,591 “ 33,591 41,350
33,591 - 33,591 41,350
Current Liabilities
Sundry Creditors and Accruals 6 - - - -
Net CurrentAssets 33,591 - 33,591 41,350
TotalAssets Less Current Liabilities 505,286 - 505,286 482,852
Funds
Unrestricted Funds
Restricted Funds		 7
7		 505,286
-		 420,295
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505,286 420,295

| approve these accounts on behalf of the Board of Trustees and confirm that we have made available all relevant records and information required for their preparation

The notes on pages 10-13 form part of these accounts.

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Macan Trust for the Blind

Notes to the accounts for the year ended 31 December 2025

4 Principal accounting policies

The financial statements have been prepared in accordance with applicable Accounting Standards in the United Kingdom and the Charities Act (Northern Ireland) 2008 A summary of the more important accounting policies, which have been applied consistently, is set out below.

Basis of accounting

The financial statements are prepared in accordance with the historical cost convention modified by the revaluation of certain fixed assets.

Taxation

The charity is exempt from tax on its charitable activities.

Restricted Funds

Restricted funds are accounted for in accordance with the particular terms of trust arising from the express or implied wishes of the donors in so far as these are intended to be binding on the charity. Where such wishes are not intended to be binding, they are taken into account and recognised in appropriately designated funds.

Unrestricted Free Reserves

Free Reserves represent amount which are expendable at the discretion of the trustees in furtherance of the objectives of the charity and which have not been designated for any other purpose. Such funds may be held in order to finance working capital or capital expenditure.

Incoming Resources

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Voluntary income or capital is included in the Statement of Financial Activities when the charity is legally entitled to it, its financial value can be quantified with reasonable certainty and there is reasonable certainty of its ultimate receipt. Entitlement to legacies is considered established when the charity has been notified of a distribution to be made by the executors. Income received in advance of due performance under a contract is accounted for as deferred income until earned, Grants for activities are recognised as income when the related conditions for legal entitlement have been met. All other income is accounted for on an accrual basis.

Resources Expended

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All resources expended are accounted for on an accrual basis. Charitable activities include costs of services and grants, support costs and depreciation on related assets. Costs of generating funds similarly include fundraising activities. Non - staff costs not attributed to one category of activity are allocated or apportioned pro-rat to the staffing of the relevant service. Finance, HR and administrative staff costs are directly attributable to individual activities by objective. Governance costs are those associated with constitutional and statutory requirements.

Government grants

Grants that relate to specific capital expenditure are treated as deferred income, which is then credited to the Statement of Financial Activities over the related asset's useful life. Revenue grants are credited to the Statement of Financial Activities in the same year as the related expenditure is incurred.

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2 Costs of Activities in For Charitable Purposes

Macan Trust for the Blind

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|||||||| |---|---|---|---|---|---|---| |Unrestricted|Restricted|Total|Total| |2025|2025|2025|2024| |£|£|£|£| |Grants|10,800|-|10,800|9,375| |10,800|-|10,800|9,375| |Management|and|Administration| |Unrestricted|Restricted|Total|Total| |2025|2025|2025|2024| |£|£|£|£| |Honorarium|-|Secretary|1,000|-|1,000|1,000| |Secretary|Expenses|619|-|619|309| |Honorarium|-|Independent| |Examiner|684|.|684|684| |Stockbroker|Fees|5,348|-|5,348|6,901| |Stationary/Printing/Advertising|89|-|89|49| |Bank|Charges|78|-|78|76| |General|Expenses|140|.|140|-| |7,958|-|7,958|9,019|

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3 Management and Administration

4 Investments

Equity investments are stated at the lower of original cost or current book value on the Balance Sheet

Investment with Smith and Williamson

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |2025|2024| |£|£| |Cost|/|Valuation|At|1|January 2025|441,502|434,018| |Additions|at|Cost|44,215|62,783| |Disposals|at Cost|(31,633)|(42,622)| |Revaluation|17,611|(12,677)| |Total|Cost|/|Valuation|at|31|December 2025|471,695|441|502| |5|Debtors|and|Prepayments| |2025|2024| |£|£| |Investment|Income|“|-|

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Macan Trust for the Blind

Macan Trust for thethe Blind
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6 Sundry Creditors andAccruals
2025 2024
£ £
Accountancy . -
Sundry Creditors " -
7 Movement in Funds
Atthe
01/01/2025		 Movement
In Funds		 Transfers
In Funds		 Atthe
31/12/2025
E £ £ £
Unrestricted Funds
General Fund 470,904 3,714 1,309 475,927
Restricted Funds
Restricted - - . -
Total Funds 470,904 3,714 1,309 475,927
Net Movement in Funds, included in the above are follows:
Incoming Resources Movement
Resources Expended in Funds
£ £ £
Unrestricted Funds
General Fund 22,472 (18,758) 3,714
Restricted Funds
Restricted - - .
Total Funds 22,472 (18,758) 3,714
8 Independent Examiner Payments
2025 2024
£ £
Independent Examiner ; 684 684
Other Financial
Services —
684 684

No trustee received any remuneration during the year ended 31 December 2025 (2024 Nil).

No Trustee received any reimbursement for approved expenses incurred in connection with the charity.