THE DAVID SHANNON STEWART & FLORENCE EUZABETH STEWART
CHARITABLE TRUST
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
5 APRIL 2024
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 2024
The Trustees present their Annual Report and Financial Statements for the year ended 5 April 2024
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 prepa￿ 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 consistentty.,
Make judgements and estimates that are reasonable and prudent.,
Prepare the financial statements on the going concern basis unless rt is inappropriate to
presume that the Charty will continue in operation.
The Trustees are also responsible for maintaining proper accounting records which disclos8 Wlth
reasonable accuracy the incorne and expendtture for the year. They are also responsible for
safeguarding the assets of the Charity and hence for tsking reasonable steps for the prevention and
detection of fraud and other irregularities.
TRUSTEES, ANNUAL REPORT
Objectives & Activlties
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 £182,595. The main outgoings were donations to charity and investment
managements charges.
Financial Review
The nature of the Charty 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 & FLORE1￿CE CJI iABfH STWART CHARriAB￿l t RUST
TRUS I FE'S REPORT (CONnillU?D)
FOR I HE YEAR ENDED 5 APRIL 2024
Plans for Futui e ,"eriods
The Trustees will continue to promote the advancement of the Christian fraith by supporting charities.
StructU•?. Governance and Ivtanagement
. Issues of Structure. Govemance and Management are discussed on a regular basis by the Trustees.
Risk Management
The Trustees consider the major risks the Charity faces in its uperations. They monitor such risks in
order to mitsgale any impact that they may have on the Charlty.
On behalf of the Trustees
Stephen Stewart
Trustee
Date." 81h October 2024

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 2024
I report to the Trustees of the David Shannon Stewart & Florence Stewart Charitable Trust on the
Financial Statements for the year ended 5 April 2024 as set out on pages 48.
Respective Responsibilities of Trustees & 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 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}Ib) 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 6519)(b) of the Charities Act. The 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.
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 wtth 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 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.
4. That there is further information needed for a proper understanding of the accounts to be
reached.
Independent ExamineT'5 Statement
I have completed my examination and have no concerns in respect of the matters11) to14) listed above
and, in connection with following the Directions of the Charty 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.. 8th October 2024

THE DAVID SHANNON STEWART & FLORENCE ELIZABETH STEWART CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME & EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 5 APRIL 2024
Unrestricted
Funds
Unrestricted
Funds
Note
2024
2023
Income & Endowments from:
Charitable Activities
Other Income
182.59S
33,425
Total Income
182,595
33,425
Expenditure on:
Legal and professional fees
Charitable donations
Bank fees
Management charges
1,500
100,000
31
600
35,000
30
24,316
13,218
Total Expenditure
125,847
48,848
Net incomel(expenditure) for the year
56,748
115,423)
Reconciliation of Funds
Fund balances at 61h April 2023
Fund balances at 5th April 2024
5.426.983
5,483.731
5,442,406
5,426,983
All income and expenditu￿ derive from continuing activities.

THE DAVID SHANNON STPJJART & FLORENCE EUZA2EfFr STrWART CHARITABLE TrUST
BALANCE SHEC
AS AT 5 APRIL 2024
?024
?023
CURRENT ASs￿s
Investments
5,380,437
105.394
5.1)03.733
423.850
Cash at Bank
a,485,831
5.427,583
CREDITORS: AMOUNI TS FALUNG
DUE WITHIN ONE VEAR
Accruals
{2.1001
2,100
(600)
600
TOTAL ASSETS LESS CURRENT UABIUIES
5.480,731
5,426.983
Represented by".
Unre51ricted Incom8 Funds
5.483,731
5,428.983
Totsl Funds
5A83,731
5,426,983
The Finanaal Statements were approved by the Tnjstees on 8th October 2024.
On behalf of the Trustees
Stephen Stewart
Trustee

THE DAVID SHANNON STEWART & FLORENCE ELIZABETH STEWART CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Accounting Policies
Accounting Convention
These accounts have been prepared in accordance wtth the Charity's Trust Deed, 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland" I'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
Benefrt Entty as defined by FRS 102.
The accounts are prepared in Sterling, which is the functional currency ofthe Charity. Monetary
amounts in these Financial Ststements are rounded to the nearest £.
Going Concem
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
Accounts.
Charitable Funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their
charitablè objectNes 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 OLrt in the notes to the Accounts.
Income
Income is recognised when the Charty is legally enttlled to Èt after any perfomiance 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 performance conditions require deferral ofthe amount.
Income Tax recoverable in relation to a donation received under Gfft 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 activty. The costs of each activity are made up ofthe 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 activty and support costs which are not attributable to a single
activity are apportioned between 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 Wtth original maturities of three months or less, and bank overdrafts.
Bank overdrafts are shown wtthin borrowings in current liabilities.

THE DAVID SHANNON STEWART & FLORENCE EUZABETH STEWART CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 5 APRIL 2024
Other Income
2024
2023
Gain on disposal of shares
Interest Received
Dividends Received
42,881
49,286
90,428
182.595
4.744
8,081
20,600
33,425
Charitable Donations
2024
2023
Charitable Donations
100,000
100,000
35,000
35,000
Investments
2024
2023
Investments
5,380,437
5,003,733
Movement in current asset investrnents
Investments
other than
loans
Cost or valuation
At 6 April 2023
Additions
Disposals
5,003,733
1,236,667
1859,963)
At 5 April 2024
5,380,437
Carrying amount
At 5 April 2024
At 5 April 2023
5,380.437
5,003,733