THE DAVID SHANNON STEWART & FLORENCE ELIZABETH STEWART
CHARITABLE TRUST
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
5 APRIL 2023
CHARITY NUMBER: NIC 105332

THE DAVID SHANNON STEWART & FLORENCE ELIZABETH STEWART CHARITABLE TRUST
Contents
Pages
Trustees, Report
Independent Examiners, Report
Statement of financial activities
Balance Sheet
Notes to the Financial Statements

THE DAVID SHANNON STEWART & FLORENCE ELIZABETH STEWART CHARITABLE TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 5 APRIL 2023
The Trustees present their Annual Report and Financial Statements for the year ended 5 April 2023
TRUSTEES
The following Trustees, who have held office during the year and up to the date of signature of the
financial statements were..
Alison Jane Churchfield
Stephen Stewart
TRUSTEES, RESPONSIBILITIES
The Trustees are required to prepare financial statements for each financial year which give a true and
fair view of the state of affairs of the Charity and of the surplus or deficit of the Charity for that period.
In preparing the financial statements, the Trustees are required to:
Select suitable accounting policies and then apply them consistently.
Make judgements and estimates that are reasonable and prudent.
Prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the Charity will continue in operation.
The Trustees are also responsible for maintaining proper accounting records which disclose with
reasonable accuracy the income and expenditure for the year. 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.
TRUSTEES, ANNUAL REPORT
Objectives & Activities
The prime objective of the Charity is to promote the advancement of the Christian faith through
charitable donations.
Achievements & Performance
Total income for the year was £33,425. The main outgoings were donations to charity and investment
managements charges.
Financial Review
The nature of the Charity is such that there are minimal overheads other than investment management
fees. Donations are made as considered appropriate by the Trustees.

THE DAVID SHANNON STEWART & FLORENCE ELIZABETH STEWART CHARITABLE TRUST
TRUSTEE'S REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2023
Plans for Future Perlods
The Trustees will continue to promote the advancement of the Christian faith by supporting charities.
Structure, Governance and Management
Issues of Structure, Governance and Management are discussed on a regular basis by the Trustees.
Risk Management
The Trustees Consider the major risks the Charity faces in its operations. They monitor such risks in
order to mitigate any impact that they may have on the Charity.
On behaFF of the Trustees
A J.C:ILKzl
Alison Jane Chur¢hfield
Trustee
Date: 22 November 2023

THE DAVID SHANNON STEWART & FLORENCE ELIZABETH STEWART CHARITABLE TRUST
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE DAVID SHANNON STEWART
& FLORENCE ELIZABETH STEWART CHARITABLE TRUST
FOR THE YEAR ENDED 5 APRIL 2023
I report to the Trustees of the David Shannon Stewart & Florence Stewart Charitable Trusl on the
Financial Statements for the year ended 5 April 2023 as set out on pages 4-8.
Respective Responsibilities of Trustees & Examiner
As the Charty's Trustees, you are responsible for the preparation of the accounts in accordance with
the Charities Act (Northern Ireland) 2008.
It is my responsibility to..
Examine the Accounts under Section 65 of the Charities Act;
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.,
State whether particular matters have come to my attention.
Basis of Independent Examiner's Report
I 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){bl of the Charities Act. The examination included a review of
the accounting records kept by the Charity and a comparison of the Accounts presented wilh 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.
My 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;
3. That the Accounts do not comply with the accounting requirements of the Charities Act (Matter
Statement) 2008 and with the methods and principles of the Charrties Statement of
Recommended Practice applicable to charities preparing their accounts in accordance wrth the
Financial Reporting Standard applicable in the UK and Republic of Ireland.
4. That there is further information needed for a proper understanding of the accounts to be
reached.
Independent Examiner's Statement
I 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, I have
found no matters that require drawing to your attention.
Hilary Farrell FCA
for and on behalf of Moore (N.I.) LLP
Chartered Accountant & Registered Auditor
4th Floor, Donegall House
7 Donegall Square North
Belfast
BT15GB
Date: 22 November 2023

THE DAVID SHANNON STEWART & FLORENCE ELIZABETH STEWART CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME & EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 5 APRIL 2023
Unrestricted
Unrestricted
Funds
Funds
Note
2023
2022
Income & Endowments from:
Charitable Activities
Other Income
4,238,750
1,161,278
33,425
Total Income
33.425
5,400.028
Expenditure on:
Legal and professional fees
Charitable donations
Bank fees
600
600
35,000
30
45,000
37
Management charges
13,218
Total Expenditure
48,848
45,637
Net lexpenditure)lincome for the year
(15,423)
5,354,391
Reconciliation of Funds
Fund balan￿$ at 6th April 2022
Fund balances at 5th April 2023
5,442,406
5,426,983
88,015
5,442,406
All income and expenditure derive from continuing activities.

THE DAVID SHANNON STEWART & FLORENCE ELIZABETH STEWART CHARITABLE TRUST
BALANCE SHEET
AS AT S APRIL 2023
Note
2023
2022
CURRENT ASSETS
Investments
5,003,733
423,850
Cash at Bank
43,006
5,400,000
5,443,006
Debtors
5.427,583
CREDITORS.. AMOUNTS FALLING
DUE WITHIN ONE YEAR
Accruals
(600)
600
(600)
600
TOTAL ASSETS LESS CURRENT LIABILITIES
5,426,983
5,442,406
Represented by:
Unrestricted Income Funds
5,426,983
5,442,406
Total Funds
5,426.983
5,442,406
The Financial Statements were approved by the Trustees on 22 November 2023.
On behalf of the Trustees
A .) CQ.NJknl
Alison Jane Churchfield
Trustee

THE DAVID SHANNON STEWART & FLORENCE ELIZABETH STEWART CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023
Accounting Policies
Accounting Convention
These accounts have been prepared in accordance with the Charity's Trust Deed, "The
Financial Reporting Standard applicable in the UK and Republic of Ireland" ('FRS 102°),
"Accounting and Reporting by Charities. the Statement of Recommended Practice for Charities
applying FRS 102 and UK Generally Accepted Accounting Practice. The Charity is a Public
Benefit Entity as defined by FRS 102.
The accounts are prepared in Sterling, which is the functional cU￿encY ofthe Charity. Monetary
amounts in these Financial Slatements are rounded to the nearest £.
Going Concern
At the time of approving the accounts, the Trustees have a reasonable expectation that the
Charity has adequate resources to continue in operational existence for the foreseeable future.
Thus, the Trustees, continue to adopt the going concern basis of accounting in preparing the
Account5.
Charitable Funds
Unrestricted funds are available for use at the discretion of the Trustees in furtheran￿ of their
charitable objectives unless the funds have been designated for other purposes.
Restricted funds are subject to specific conditions by donors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the Accounts.
Income
Income is recognised when the Charity is legally entitled to it after any performance conditions
have been met, the amounts can be measured reliably, and it is probable that income will be
received.
Cash donations are recognised on receipt. Other donations are recognised once the Charity
has been notified of the donation unless perfomiance conditions require deferral of the amount.
Income Tax recoverable in relation to a donation received under Gift Aid is recognised at the
time of the donation.
Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic
benefit to a third party, it is probable that a transfer of economic benefits will be required in
settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified as activity. The costs of each activity are made up of the total of direct
costs and shared costs, including support costs involved in undertaking each activity Direct
costs attributable to a single activity are allocated directly to that activity. Shared costs which
contribute to more than one activity and support costs which are not attributable to a single
activty are apportioned be￿een those activities on a basis consistent with the use of resources.
Cash & Cash Equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-
term liquid investments with original maturities of three months or less, and bank overdrafts.
Bank overdrafts are shown within borrowings in current liabilities.

THE DAVID SHANNON STEWART & FLORENCE ELIZABETH STEWART CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2023
Charitable Activities
2023
2022
Legacy from the Estate of the late Mr David Shannon Stewart
Donations
4,238,750
Gift Aid
4,238,750
Other Income
2023
2022
Gain on disposal of shares
Interest Received
Dividends Received
4,744
8,081
20,600
33.425
1,161,250
28
1,161,278
Charitable Donations
2023
2022
Charitable Donations
35,000
35,000
45,000
45,000

Investments
2023
2022
Investments
5,003,733
Movement in current asset investments
Investments
other than
loans
Cost or valuation
At 6 April 2022
Additions
5,003,733
At 5 April 2023
5,003,733
Carrying amount
At 5 April 2023
At 5 April 2022
5,003,733