| 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 | NI639918 |
| Principal and registered office | 108-114 Moneymore Road |
| Magherafelt | |
| County Londonderry | |
| BT45 6HJ | |
| Trustees | Mr D Henry |
| Mr I S Henry | |
| Ms J A McKeown | |
| Ms H Young | |
| Accountants | BDO Northern Ireland |
| Chartered Accountants | |
| Metro Building, 15` Floor | |
| 6-9 Donegall Square South | |
| Belfast | |
| BT1 5JA |
| Restricted | Unrestricted | Total Funds | Total Funds | ||
|---|---|---|---|---|---|
| Funds | Funds |
2024 | 2023 | ||
| Note | |||||
| Incoming resources | |||||
| Incoming resources from generating | funds: | ||||
| Voluntary income | 4 | 400,000 | 400,000 | 350,000 | |
| Interest income | 5 | 19,604 | 19,604 | ||
| Total incoming resources | 419,604 | 419,604 | 350,000 | ||
| Resources expended | |||||
| Costs of generating funds: | |||||
| Investment management costs | |||||
| Charitable activities | 6 | 311,000 | 311,000 | 232,500 | |
| Governance costs | 6 | 1,434 | 1,434 | 1,224 | |
| Total resources expended | 312,434 | 312,434 | 233,724 | ||
| Net income for the year | 107,170 | 107,170 | 116,276 | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 707,421 | 707,421 | 591,145 | ||
| Total funds carried forward | 814,591 | 814,591 | 707,421 |
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Note | |||||
| Current assets | |||||
| Cash at bank and in hand | 9 | 814,591 | 707,421 | ||
| Creditors: Amounts falling due | |||||
| within one year | 10 | ||||
| Net current assets | 814,591 | 707,421 | |||
| Total assets less current liabilities | 814,591 | 707,421 | |||
| Net assets | 814,591 | 707,421 | |||
| Funds | |||||
| Unrestricted income funds | |||||
| Total funds | 814,591 | 707,421 |
| Voluntary income | ||||
|---|---|---|---|---|
| Restricted | Unrestricted | Total Funds | Total Funds | |
| Funds | Funds |
2024 | 2023 | |
| Donations | 400,000 | 400,000 | 350,000 |
| 5. | Interest income | ||
|---|---|---|---|
| Restricted | Unrestricted Total FundsTotal Funds | ||
| Funds | Funds 2024 2023 |
||
| Bank interest | 19,604 19,604 |
| Resources expended | ||||
|---|---|---|---|---|
| Restricted | Unrestricted | Total Funds | Total Funds | |
| Funds | Funds | 2024 | 2023 | |
| Direct Costs | ||||
| Charitable activities | 311,000 | 311,000 | 232,500 | |
| Governance Costs | ||||
| Insurance | — | 501 | 501 |
291 |
| Bank fees | — | 32 | 32 |
32 |
| Accountancy fees | 901 | 901 |
901 | |
| 1,434 | 1,434 |
832 | ||
| 312,434 | 312,434 | 233,724 |
| This is stated after charging: | ||
|---|---|---|
| 2024 | 2023 | |
| Accountants fees | 901 | 901 |
| Cash and cash equivalents | ||
|---|---|---|
| 2024 | 2023 | |
| Cash at bank | 814,591 | 707,421 |
| Creditors: Amounts falling due within one year | ||
| 2024 | 2023 | |
| Other creditors |
| Balance at 1 January 2024 |
Incoming resources |
Outgoing resources |
Balance at 31 December 2024 |
|
|---|---|---|---|---|
| General Funds | 707,421 | 419,604 | 312,434 | 814,591 |
| Analysis of net assets between funds | ||
|---|---|---|
| Net current | ||
| assets | Total | |
| Unrestricted Income Funds | ||
| Total Funds |