Charity registration number NIC105265
THE LYNAS CHARITABLE TRUST FUND
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

THE LYNAS CHARITABLE TRUST FUND
CONTENTS
Page
Charity Infonnation
Trustees. report
Independent examinerfs report
Statement of financial activities
Balance sheet
Notes tt) the financial statements
7-10

THE LYNAS CHARITABLE TRUST FUND
LEGALAND ADMINISTRATIVE INFORMATION
Trustees
Mrs H E Lynas
Ms R Cregan
Ms E Slazenger
Charity number
NIC105265
Principal address
Loughanhill Industrial Estate
Gateside Road
Coleraine
Co Londonderry
BT52 2NR
Independent examiner
Moore (N.I.) LLP
3(>32 Lodge Road
Colepine
BT52 1NB
Bankers
Bank of Ireland
2 The Diamond
Coleraine
Co Londonderry
BT52 1DE

THE LYNAS CHARITABLE TRUST FUND
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 OCTOBER 2022
The Trustses presents their report and financial statements for the year ended 31 Odober 2022.
The financial ststements have been prepared in a¢COrdan￿ with the accounting policies set out in note 1 to the
financial statements and Comply wth the Charivs Trust Déed, the Charities Act (Northem Ireland) 2008 and
°Accounting and Reporting by Charities: Statement of Recommended Practi￿ applirAble to charities preparing
their accounts in accordance with the Financial Reporttng Standard applicable in the UK and Republic of Ireland
(FRS 102)° (as amended for accounting periods commen¢ing from 1 January 2019).
Objectives and adivities
During the lrfe of the setuor upon trust to apply the income of the twst fund for such charitsble purposes as the
setuor shall from time to time in writing direct. In the event of the death of the settlor or of the total failure of the
trusts, the Trustees shall have absolute discretion as to the charitable purposes for which the Trust fvnd income
is applied.
Publi¢ benefits
The Advancement of Religion - the direct beneffts whi¢h flow from this purpose indude raising awareness and
understanding of Christianty and that the personal benefits assocyated with the Christian faith provide an
inherent benefft to society. Through the aC￿Ptance of and living a lifestyle in line with the teachings of the
Christian fatth, many have been freed of bad habits such as alcoholism. criminal activities and family lives
improved. These benefits are demonstrated through asking for regular feedback and evaluation of the charities
SUPFQrted using a variety of methods - verbal Conversations and anecdotal observations. People are invited to
embrace the Christian faith and any response is entirely voluntsry. We ty to ensure no improper pressure is
applied. However as we do not have full control over the grant recipients therè is atways this risk, though it is rare
and the benefits outweigh the hami.
Most large grants are paid direct to recognised charities and organisations and as such there should be no
private benefit. Payments to smaller local charities are much lower in value and would be considered incidental.
The main benefiuaries are people world-wide and channelled through UK charities. The relief of those in need by
reason of yOLrth, age, ill-health. disabilty, financial hardship or other disadvantsge. The direct benefits which flow
from this purpose indude reducing social exclusion on account of poverty, improved health outcomes. reduced
levels of stress and financial support through various Programme￿¢hantieS and organisatFons.
Benefft also accrues to members of the public by reason of the increased capacity of the once needy person.
These benefits are demonstrated through regular feedback and evaluation of the charities supported as well as
in the anecdotsl observations (where we see a change in people's lives). No potential causes of hami have
been identffied.
Achievements and perforniance
Financial review
The Charity retumed net outgoing resources for the year of £80,535 {2021- nel outgoing resources of £34,402).
At 31st October 2022 the total funds of Ihe charity amounted to £827,424 (2021- £907.959). comprised solely of
general unrestricted funds.
The Trustees endeavour to maintain sufficient ftjnds to ensure that the Charity will be able to wntinue with its
actÈvities and, in the event of a drop in income. give consideration to ways in which additional funds may be
raised.
An annual review is carried out looking at any risks to which the Charity might be exposed. There are no
perceived risks as large grants are paid to recognised charitses and organisations, whilst payments to smaller
local Charities are lower in value and are ￿nsidered incidentsl.
The Charity will continue to raise awareness and understanding of Christianity

THE LYNAS CHARITABLE TRUST FUND
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2022
Structure. governance and management
The Charity is govemed by its Trust Deed dated 8th November 1978.
The Trustees who seNed during the year and up to the date of signature of the financial ststements were:
Mrs H E Lynas
Ms R Cregan
Ms E Slazenger
The Twstees, report was approved by the Board.
Mrs H E Lyna
Trustee
Dated: 20 July 2023

THE LYNAS CHARITABLE TRUST FUND
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE LYNAS CHARITABLE TRUST FUND
I report on the accounts of the Charity for the year ended 31 Odober 2022. which are set out on pages 5 to 10.
Respeth"ve responsibilities of Trustees and examlner
As the Charivs trustees you are responsible for the preparation of the accounts in accordance with the Charities
Act (Northem Ireland) 2008.
It is my responsibility to:
examine the a¢￿Unts under section 65 of the Charities Act
(li) follow the procedures laid down in the general directions given by the Charity Commission for Northem
Ireland under section 65{9)(b) of the Charities Act
(iii) state whether particular matters have come to my attention.
Basis of independent examinerfs report
We have examined your Charity accounts as required under section 65 of the Charities Act and our examination
was carried out in accordance with the general Directions given by the Charity Commission for Northem Ireland
under section 65(9)(b) of the Charities Act. The examination included a review of the accounting re￿rdS kept by
the Charity and a comparison of the accounts presented with those records. It also included consideration of any
unusual items or discl¢)sures in the accounts, and seeking explanations from you as charity trustees conceming
any such matters.
Our role is to state whether any material matters have come to our attention gmng us cause to believe:
1. That accounting ￿cordS were not kept in accordance with section 63 of the Charities Act
2. That the accounts do not accord with those accounting records
3. That the accounts do not comply with the accounting requI￿rne￿ts of the Charities Act
4. That there is further infomiation needed for a proper understanding of the accounts to be reached.
Independent examlnerfs statement
We have completed our examination and have no concems in respect of the matters (1) to (4) listed above and,
in connection with following the Directions of the Chaiity Commission for Northern Ireland. we have found no
matters that require drawing to your attention.
Hilary Farrell FCA
for and on behalf of Moore (N.1) LLP
30-32 Lodge Road
Coleraine
BT52 1 NB
Dated: 20 July 2023

THE LYNAS CHARITABLE TRUST FUND
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 OCTOBER 2022
Unrestricted Unrestricted
funds
funds
2022
2021
Notes
Income and endowments from:
Donations and legacies
Other income
201,452
7.164
253.552
283
Total income
208,616
253.835
nditure on:
Charitable activities
289,151
288,237
Net expenditure for the yearl
Net movement in funds
(80,535)
(34.402)
Fund balances at 1 November 2021
907,959
942,361
Fund balances at 31 October 2022
827,424
907,959
The statement of financial activities includes all gains and losses recognised in the year.
Al income and 8xpenditure derive from continuing acbvities.

THE LYNAS CHARITABLE TRUST FUND
BALANCE SHEET
ASAT31 OCTOBER 2022
2022
2021
Notes
Current assets
Debtors
Cash at bank and in hand
118,323
712,701
111,521
798,838
831.024
910.359
Credltors: amounts falling due within
one year
10
(3.600)
(2.400)
Net current assets
827,424
907.959
Income funds
Unrestricted fvnds
827.424
907,959
827.424
907.959
The financial statements were approved by the Trustees on 20 July 2023
)( laD@5
MrsHELyn
Trustse

THE LYNAS CHARITABLE TRUST FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022
Accounting pollcies
Charity inforniation
The Lynas Charitsble Trust Fund is an unincorporated Charity registered in Northem Ireland.
1.1 Accounting convention
The finan¢sal ststements have been prepared in accordance the Charitys Trust Deed. the Charities 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 I￿land (FRS 102)" (as amended for a¢￿UntIng periods commencing from 1 January 2019).
The Charity is a Public Benefft Entity as defined by FRS 102.
The Charity has tsken advantage of the provisions in the SORP for charities applying FRS 102 Update
Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statèments are prepared in sterling, which is the functional currenw of the Chartty. Monetary
amounts in these financial statements are rounded to the nearest £.
The principal accounting policies adopted are set out below.
1.2 Going eoncem
At the time of approving the financial statements, the Trustees has a reasonable expectation that the Charity
has adequate reSoUr￿S 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 statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtheran￿ of their charitable
objectives.
1.4 Income
Income is recognised when the Charity is legally entitled to it after any perf0m￿nCe conditions have been
met. the amounts can be measured reliably. and it is probable that income will be received.
Cash donations are rewgnised on receipt. Other donations are recognised On￿ the Charity has been notFfied
of the donation, unless perfornian¢e conditions require deferral of the amounL Income tax reo)verable in
relation to donations received under GiftAid or deeds of covenant is recognised at the time of the donation.
Legacies arè re¢ognised on r￿lpt or otherwise if the Charity has been notified of an impending distribution,
the amount is known. and re￿Ipt is expected. If the amount is not known, the legacy is treated as a
contingent asset
1.5 Resources expended
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third paty, it
is probable that a setdement will be required and the amount of the obligation can be measured reliably.
1.6 Cash and cash equivalents
Cash and cash equivalents include I￿sh in hand. deposits held at call with banks, other short-tem Siquid
invesknents with original maturitses of three months or less, and bank overdrafts. Bank overdrafts are shown
wÉthin borr¢)wings in current liabilities.

THE LYNAS CHARITABLE TRUST FUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2022
Accounting policies
(Continued)
1.7 Financial instruments
The Charity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Charity's baSance sheet when the Charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enfo￿able right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simullaneously.
Inancial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effectrve
interest method unless the aTrangement constitutes a financing transaction. where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, induding creditors and bank loans are initsally recognised at transaction price unless
the arrangement constitutes a financing transactton. where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interesL Financial liabilities dassified as payable
within one year are not amortised.
Debt instruments aTr subsequendy cxrried at amortised ¢osL 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 dassified as current liabilitses rf payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are re¢ognised initially at
transadion price and subsequentty measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Charivs contractual obligations expire or are discharged or
cancelled.
Critical accounting estimates and judgements
In the application of the Charity's accounting policies. the Trustees are required to make judgements.
estimates and assumptions about the carying amount of assets and liabilitses that are not readily apparent
from other SoUr￿s. The estimates and associated assumptions are based on historical experience and other
factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and undedying 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 onty that
period. or in the period of the revision and future periods where the revision affects both current and fijture
periods.

THE LYNAS CHARITABLE TRUST FUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2022
Donations and legacies
Unrestricted Unrestricted
funds
funds
2022
2021
Donations and grfts
201,452
253,552
Other Income
2022
2021
Bank interest received
Other interest recerved
362
6.802
283
7.164
283
Charitable activities
2022
2021
Sundry
Bank fees
Donations
1,200
218
287,733
2.400
200
285.637
289,151
288.237
Trustees
The Trustees {or any persons connected with them) did not receive any remuneration or benefits from the
Charity during the year.
Employees
The average monthly number of employees during the year was:
2022
Number
2021
Number
Total
There were no 8mployees whose annual remuneration was more than £60,000.

THE LYNAS CHARITABLE TRUST FUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2022
Financial instruments
2022
2021
Carrying amount of financial assets
Debt instruments measured at amortised cost
118,323
111.521
Measured at arnortised cost
Debtors
3.600
2,400
2022
2021
Amounts falling due wlthin one year:
Other debtors
118,323
111,521
10 Creditors: amounts falling due within one year
2022
2021
Accruals and deferred income
3.600
2,400
11 Related party transactions
Included within income are amounts totalling £201,452 (2021: £253,552) representing donations made by
Lynas Foodservice. a company in which one of the Trustee's husband is a director.
During the year. The Lynas Charitable Trust Fund were repaid £NIL (2021 . £306.448) by Lynas Foodsetvice
towards their loan balan￿. Other interest receNed totalled £6.802 (2021: £NIL). The balan￿ outstanding at
the year end was £118.324 (2021: £111.521) and is induded within other debtors.
10-