| Contents | Page |
|---|---|
| Members of the trust and professional advisers | 1 |
| Trustees Annual Report | 2 |
| Independent examiners report | 5 |
| Statement of financial activities (incorporating the income | |
| and expenditure account) | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9 |
| Registered charity name | Gordon Stuart Trust Limited |
|---|---|
| Charity number | NIC106971 |
| Company registration number | N1639918 |
| Principal and registered office | 108-114 Moneymore Road |
| Magherafelt | |
| County Londonderry | |
| BT45 6HJ | |
| Trustees | Mr D Henry |
| Mr I S Henry MBE | |
| Ms J A McKeown | |
| Ms H Young | |
| Accountants | BDO Northern Ireland |
| Chartered Accountants | |
| Metro Building, First Floor | |
| 6-9 Donegall Square South | |
| Belfast | |
| BT1 5JA |
| Restricted Unrestricted | Total Funds | Total Funds | ||
|---|---|---|---|---|
| Funds Funds |
2023 | 2022 | ||
| Note | £ £ |
£ | £ | |
| Incoming resources | ||||
| Incoming resources from generating | funds: | |||
| Voluntary income | 4 | — 350,000 |
350,600 | 350,000 |
| Total incoming resources | — 350,000 |
350,000 | 350,000 | |
| Resources expended | ||||
| Costs of generating funds: | ||||
| Investment management costs | ||||
| Charitable activities | 5 | — 232,500 |
232,500 | 273,500 |
| Governance costs | 5 | — 1,224 |
1,224 | 832 |
| Total resources expended | — 233,724 |
233,724 | 274,332 | |
| Net income for the year | — 116,276 |
116,276 | 75,668 | |
| Reconciliation of funds | ||||
| Total funds brought forward | — 591,145 |
591,145 | 515,476 | |
| Total funds carried forward | 707,421 | 707,421 | 591,145 |
| Balance sheet 31 December 2023 |
|||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Note | £ | ||||
| Current assets | |||||
| Cash at bank and in hand | 8 | 707,421 | 591,145 | ||
| Creditors: Amounts falling due | |||||
| within one year | 9 | ||||
| Net current assets | 707,421 | 591,145 | |||
| Total assets less current liabilities | 707,421 | 591,145 | |||
| Net assets | 707,421 | 591,145 | |||
| Funds | |||||
| Unrestricted income funds | |||||
| Total funds | 707,421 | 591,145 |
| 4. | Voluntary income | |
|---|---|---|
| Restricted Unrestricted Total Fonds Total Funds |
||
| Funds Funds 2023 2022 |
||
| £ £ |
||
| Donations | — 350,000 350,000 350,000 |
|
| 5. | Resources expended | |
| Restricted Unrestricted Total Funds Total Funds | ||
| Funds Funds 2023 2022 |
||
| £ £ £ £ |
||
| Direct Costs | ||
| Charitable activities | 232,500 232,500 273,500 |
|
| Governance Costs | ||
| Insurance | 291291 | |
| Bank fees | 323232 | |
| Accountancy fees | 901901800 | |
| 1,224 1,224832 |
||
| 233,724 233,724 274,332 |
| This is stated after charging: | ||
|---|---|---|
| 2023 | 2022 | |
| £ | ||
| Accountants fees | 901 | 800 |
| 8. | Cash and cash equivalents | ||
|---|---|---|---|
| 2023 | 2022 | ||
| £ | £ | ||
| Cash at bank | 707,421 | 591,145 | |
| 9. | Creditors: Amounts falling due within one year | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Other creditors |
| Balance at Incoming Outgoing Balance at 1 January 31December 2023 resources resources2023 |
|
|---|---|
| £ £ £ £ |
|
| General Funds | 591,145 350,000 233,724 707,421 |
| Analysis of net assets between funds | ||
|---|---|---|
| Net current | ||
| assets | Total | |
| £ | £ | |
| Unrestricted Income Funds | ||
| Total Funds |