CAUSEWAY TRUST
Trustees. Annual Report (Incorporating the Directorfs Report)
Period from 1 Ja nuary 2022 to 31 De￿rnber 2022
The trustees, present their report and the financial statements of the charity for the period ended
31 D&2mkH2022.
Reference and administrative details
Registered charity name
Causeway Trust
Charity registration number
Nfc107363
Gompany registrats.on nurnber
N1657534
Principal office
55 Seagoe Road
Craoavon
BT63 5HW
Northcm Ircland
The trustees
Mrs Palriaa Lorraine Evans
Mr Morris Evans
M• G¢rnrna Cvans
Mr Glenn Evan5
Auditor
McGuire + Farry Linited
Charteied Certffied Accountants
E￿￿[son House
Canyduff
Beifasl
BT8 8DN

CAUSEWAY TRUST
Trustees, Annual Report (Incorporating the Directorfs Report)
Period from 1 Jan uary 2022 to 31 December 2022
structure, governance and management
Causeway Trust was established on 28 June 2019 and has four trustees. It is governed by
it's Articles of Association.
As the first significant donation made by the charity is in the field of medical research the
Trustees have taken independent medical advice from a recently rets'red Senior Surgeon
who specialized in cancer surgery The r.harity is currently in the process of appointing this medical
expert as a trustee.
The trustees take advice from financial, propety, legal and medical experts on a regular
basis.
The charity has no employees.
Objectives and activities
Achievements and perfomiance
The charty has invested in a significant retail investment property in City Centre Belfast.
This investment should generate net annual rental income in excess of £500K per annum.
During the current year Causeway Trust agreed to make a signrficant donation of £1.6M over
a four year period to Queen's University Belfast (QUB).
This donation to QUB will be used to establish a clinical research facility at the Patrick G Johnston
Centre for research. The facility will be named "The Prostate Cancer Centre of Excellen￿.. It
is anticipated that the work carried out at the facility will benefft men and their families who are
facing their own very personal prostate cancerjoumeys.
The Prostate Cancer Centre of Excellence will link world Glass research at QUB with clirsical trials at Belfast
Health & Social Care Trust and the Northern Ireland Cancer Centre.

CAUSEWAY TRUST
Trustees. Annual Report (Incorporating the Director's Report)
Period from 1 Jan uary 2022 to 31 December 2022
Plans for future periods
It is anticipated that the £400,000 annual donation out of annual surpluses to QUB will absorb the
vast majority of annual surpluses for four years.
Financial Review
The financial results of the charity are disclosed on pages 9 to 22 of the financial statements.
The Lliarity has generated a surplus for the year of £351.234 (2021= £7,950)- An initial donation of f_100,000
was made to QUB to fund the Prostste Cancer Centre of Excellence. The charity's total assets at
31 December 2022 were £8,900,974 (2021'.£8,549,740. Liquidity as defined by Net Current Assets was
£1,053,627 (2021: £8,549.740).
Reserves Policy
It is intended that the charity will fund foreseeable charitable donations from within the annual investment
income surpluses, thus maintaining reserves to generate income available for distribution
for charitable purposes for future years.
Statement of Trustee Responsibilities:
The Trustees who are also directors for the wrposes of company law, are responsible for preparing Ihe
Injstees. report and the financtal ststements in accordan￿ with applThble law and United lfjngdom Accounting Standards
(Unrted lfjngdom Generally Accepted Accounting praC￿e).
Company law requires the charity twstees to kyepare financial statements for each year which gNe a true and fair
view of the state of affairs ofthe tharitable company and the incoming resources and application of ￿sourCes,
induding the income and expendrture torinat penod.
In preparing these finanrial stalements, the trustees are required to..
Select surtable accounting p)licies and then appty them consislenty.,
Observe the methods and principles in the applicaNe CharilKQS SORP:
Make judgements and accounts'ng estimates that are reasonable and prudent,.
State whether apFlicable UK Accounbng Standards have been followed. subject to any material
departures disclosed and explained in the finanaal statements.
Prepare the financial statements on the going concern basis unless il is inappropriate to
presume that the charty V￿1￿ continue in business.

CAUSEWAY TRUST
Trustees, Annual Report (Incorporating the Directorfs Report) co nti n u ed
Period from 1 Ja n uary 2022 to 31 De￿rnber 2022
The trustees are responsible for keeping adequate accounting records that are sufficient to show
and explain the charity's transactions and disclose with reasonable accuracy at any time the
financial position of the charity and enable them to ensure that the financial statements comply
with the Companies Act 2006. 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.
Auditor
Each of the persons who is a trustee at the date of approval of this report confirms that..
So far as they are aware. there is no relevant audit information of which the charity's
auditor is unaware: and
They have taken all steps that they ought to have taken as a trustee to make themselves
aware of any relevant audit infomation and to establish that the charity's auditor is
aware of that information.
The trustees. ann
and signed o
reporqand the strategic report were approved on 28 September 2023
ehall of
he board of trustees by:
Mr Morris Evans
Trustee