Eoin Henry Foundation Ltd ‘Company Limited By Guarantee’ Report and Financial Statements For the year ended 30 June 2025
Report of the trustees for the year ending 30 June 2025
The trustees are pleased to present their annual directors’ report together with the financial statements of the charity for the year ending 30 June 2025 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes ~~.~~ The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by 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 (FRS 102) (effective 1 January 2015).
The purposes of the charity
Eoin Henry Foundation Ltd was established to help promote the relief of sickness and the preservation of health among people residing permanently or temporarily in Northern Ireland.
Our volunteers
Our volunteers include those named as Trustees (including Chair Trustee), the Secretary and other persons who offer their voluntary services on an ad hoc basis ~~.~~
Achievements and performance
The charity has managed to provide services and support to both local and regional charities and persons in need ~~.~~ Regular donations and fundraising have been fundamental to the success of the charity as well as voluntary services provided by the Trustees, Secretary and other members of the local community ~~.~~
Financial review
During the year ended 2025, the Charity undertook a number of successful fundraising activities ~~.~~ The principal event was the Annual Gala Ball, which generated significant donations in support of the Charity’s ongoing objectives. In addition, the Charity organised a Supercar Run and a Christmas Toys for Kids initiative, both of which contributed positively to fundraising efforts and community engagement ~~.~~
The Charity continues to operate with minimal overheads, as all Trustee activities are undertaken on a voluntary basis and no fixed running costs are incurred ~~.~~
As a result of the strong performance across all fundraising activities, including the Supercar Run, the Charity reported a net surplus for the year ~~.~~
The Charity’s reserves at the year ~~-~~ end comprise funds raised during the year, which have been or will be applied in furtherance of its charitable purposes ~~.~~ This includes distributions made to more than 20 local charities, as well as the provision of toys to children through the Christmas initiative. The Trustees are satisfied that the Charity remains a going concern and is well placed to continue its activities in the future ~~.~~
Eoin Henry Foundation Ltd ‘Company Limited By Guarantee’ Report and Financial Statements For the year ended 30 June 2025
Reserves policy and going concern
The Trustees have considered the Charity’s need for reserves in light of its current operating model and future plans ~~.~~ As the Charity has no fixed running costs and all Trustee activities are carried out on a voluntary basis, the requirement to hold reserves for ongoing operational expenditure is minimal.
The Charity’s policy is therefore to maintain sufficient reserves to:
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e Ensure the orderly management of cash flow between fundraising activities and the distribution of funds;
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e Meet any shor ~~t-~~ term or unforeseen liabilities as they arise; and
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e Provide flexibility in the timing of charitable donations, particularly where funds are committed but not yet distributed ~~.~~
The Trustees aim to minimise the level of funds held in reserve and, where practicable, to distribute funds to beneficiaries in a timely manner in furtherance of the Charity’s objectives ~~.~~
At the year ~~-~~ end, the level of reserves held was considered appropriate given the timing of fundraising activities and planned distributions ~~.~~ The Trustees review the reserves policy annually to ensure it remains aligned with the Charity’s structure, risk profile, and charitable activities ~~.~~
Plans for future periods
The Trustees will continue to identify local registered charities in need of funds to help the relief of sickness and the preservation of health among people residing permanently or temporarily in Northern Ireland.
Following the year ~~-~~ end, the Trustees distributed funds raised during the year to more than 20 local registered charities. These post year ~~-~~ end distributions reflect the Charity’s ongoing commitment to ensuring that funds raised are applied in a timely and effective manner in furtherance of its charitable purposes ~~.~~
Looking ahead, the Trustees intend to continue this approach by promptly allocating funds raised to suitable beneficiary organisations, while also seeking to expand the Charity’s fundraising activities and network of supported charities to increase its overall impact ~~.~~
Eoin Henry Foundation Ltd ‘Company Limited By Guarantee’ Report and Financial Statements For the year ended 30 June 2025
Reference and administrative details
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|---|---|---|---|---|---|
|Company|number:|NI646672|
|Charity|number:|107854|
|Registered|Office:|127|Agivey|Road|
|Kilrea|
|BT51|4AY|
|Website:|http:/Awww|.|eoinhenryfoundation|.|com|
|Advisors|
|Accountant:|JohnstonGrieve|Chartered|Accountants|
|3|Wellington|Park|
|Belfast|
|BT9|6DJ|
|Bank:|Danske|Bank|
|Ballymoney|
|Northern|Ireland|
|Trustees|
|Chair|Trustee:|Stephen|Henry|
|Trustees:|Veronica|Henry|
|Kevin|Johnston|
----- End of picture text -----
Eoin Henry Foundation Ltd ‘Company Limited By Guarantee’ Report and Financial Statements For the year ended 30 June 2025
Structure, Governance and Management
Governing document
Eoin Henry Foundation Ltd is operated as a community association following the same format as a company limited by guarantee governed by its Memorandum and Articles of Association ~~.~~ The association becamea registered charity with the Charity Commission on 14 December 2020. Registered Charity number 107854 ~~.~~
Appointment of trustees
The existing trustees are responsible for the recruitment of new trustees ~~.~~ The trustees believe this approach ensures that new trustees are respected members of the local communities ~~.~~ The Trustees are volunteers and do not receive remuneration for activities relating to the charity ~~.~~
Organisation
The board of trustees administers the charity ~~.~~ The board normally meets quarterly and covers development, membership and finance ~~.~~ A Chair is appointed by the trustees to manage the day ~~-t~~ o ~~-~~ day operations of the charity ~~.~~ To facilitate effective operations, the Chair has delegated authority, within terms of delegation approved by the trustees, for operational matters including finance and development related activity.
Administration
A number of companies donate services during the year for continued administration of the Charity ~~.~~ This is a significant resource that allows the Charity to donate as much funds raised as possible direct to local charities. The most significant of these are;
EFS (NI) Ltd
JohnstonGrieve Chartered Accountants
Principal funding sources
The charity’s main source of income is donations received at fundraising events. Giving at organised events is both generous and encouraging. Voluntary donations by direct debit/ standing order transactions are also received throughout the year.
Eoin Henry Foundation Ltd ‘Company Limited By Guarantee’ Report and Financial Statements For the year ended 30 June 2025
Trustee’s responsibilities in relation to the financial statements
The charity trustees of Eoin Henry Foundation Ltd are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) ~~.~~ Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing the financial statements, the trustees are required to:
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e select suitable accounting policies and then apply them consistently;
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e observe the methods and principles in the Charities SORP;
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e make judgements and estimates that are reasonable and prudent;
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e state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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e prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business ~~.~~
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to 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 the group and hence taking reasonable steps for the prevention and detection of fraud and other irregularities ~~.~~ The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website ~~.~~ Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in otherjurisdictions ~~.~~
Statement as to disclosure to our accountants
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In so far as the trustees are aware at the time of approving our trustees’ annual report: e there is no relevant information, being information needed by the accountant in connection with preparing their report, of which the accountant is unaware, and
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e the trustees, having made enquiries of fellow directors that they ought to have individually taken, have each taken all steps that he/she is obliged to take as a director in order to make themselves aware of any relevant information and to establish that the accountant is aware of that information ~~.~~
By order of the board of trustees
SHinty
S Henry
Date