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|**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**|





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|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|





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|||Restricted|Unrestricted|Total Funds|Total Funds|
|---|---|---|---|---|---|
|||Funds|<br>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|





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|||**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|





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|Voluntary income|||||
|---|---|---|---|---|
||Restricted|Unrestricted|Total Funds|Total Funds|
||Funds|<br>Funds|2024|2023|
|Donations||400,000|400,000|350,000|



|5.|Interest income|||
|---|---|---|---|
|||Restricted|Unrestricted Total FundsTotal Funds|
|||Funds|<br>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|<br>501|291|
|Bank fees|—|32|<br>32|32|
|Accountancy fees||901|<br>901|901|
|||1,434|<br>1,434|832|
|||312,434|312,434|233,724|





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|This is stated after charging:|||
|---|---|---|
||2024|2023|
|Accountants fees|901|901|



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|Cash and cash equivalents|||
|---|---|---|
||2024|2023|
|Cash at bank|814,591|707,421|
|Creditors: Amounts falling due within one year|||
||2024|2023|
|Other creditors|||




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||Balance at<br>1 January<br>2024|Incoming<br>resources|Outgoing<br>resources|Balance at<br>31 December<br>2024|
|---|---|---|---|---|
|General Funds|707,421|419,604|312,434|814,591|



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|Analysis of net assets between funds|||
|---|---|---|
||Net current||
||assets|Total|
|Unrestricted Income Funds|||
|Total Funds|||





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