Charity regl8tration number NIC108125
Company registratlon number Nl874382 (Northern Ireland)
GUYSMERE TRUST
AMENDED ANNUAL REPORT AND UNAUDITED FINANCIAL
STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

GUYSMERE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
P Hunter
Rev R Hyndman
Rev J McC8ughan
W Pollock
J Smyth
J Knox
Secretary
Rev J Mccaughan
Charlty number
NIC108125
Company number
N1674382
Regi8tsred offlce
2-4 Sea Road
Castlerock
Coleraine
BT514RE
Ind•p•nd•nt examlner
Harblnson Mulholland
Centrepoint
24 Orme8u Avenue
Belfast
Co. Antrim
Northern Ireland
BT2 8HS

GUYSMERE TRUST
CONTENTS
Page
Trustees, report
Independent examinéls report
Statement of financial activities
Statement of financial position
Statement of cash flows
Notes to Ihe finanual statements
7-12

GUYSMERE TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 30 NOVEMBER 2022
The trustees present their annual report and financial statements for the yéar ended 30 Novembèr 2022.
Thè financial ststements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the charity's goveming documènt. the Charities Act {Nl) 2008 and 'Accountlng
and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing Ihelr accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)"
(effective 1 January 2019).
Objectives and activities
The trustees have paid due regard to guidanc8 issued by the Charity Commission in decldlng what activities th8
¢h8rfty should undertake.
Ourvlslon
The creatlon of a world<lass Resldentlal, Conference and Actlvlty Centre on the exlstlng Guysmere beachfront slte
at Castlerock, Northern Ireland. The Centre will accommodate local and Intemat50nal groups who share our faith in
the Gospel as w811 as being a Hub for local Community adivtties.
A base for faith
For educational and recreatlonal activlties
A haven for personal retreat
Guysmere Trust was formed in 2020 to lead this project forward and was incorporated as a Company Limited by
Guarantee IN16743821 in November, 2020. It became a registered charity in Northern Ireland INIC 108125) on 14th
July 2021 and leased the property al Guysmere from the trustees of the Presbyterian Church in Ireland in August,
2021
Achievemènts and performancé
During the year, the main activrties undertaken by the organisation included-
The ongoing development of the Strategic Outline Business Case including examining similar projects
investigatlng funding opportunities and methodologi96
developing a website for Guysmere
preparing a draft development programme
pr6paring an outllne development brief for the procurement of an Integrated deslgn team
org8nising regular progress meetings and reporting back lo PCI
ensuring financial compllance and governance
and holdlng a number of meetings with interested partl88
a Castlerock community meeting.
Flnanclal revlew
The net deficil for the year amounteij to £13.177, £711 which is attributable to unrestricted reserves and £12,466
attributed to restricted reserves. Al 30 November 2022 reserves sland at £46,991 of which £48,3134 is attributable
to restricted reserves and a deficit of £1,143 on unrestricted reserves.
Structure. governance and management
The charity Is a company lirnited by guarantee.
The trustees who served during the year and up to the date of Signatu￿ of the financial statements were..
P Hunter
Rev R Hyndman
Rev J Mccaughan
W Pollock
J Smyih
J Knox

GUYSMERE TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2022
The trustees, report W8s approved by Ihe 808rd of TNstee$,
Rev J Mccaughan
Trustee
Rev R Hyndman
Trustee
Dale..
z￿24

GUYSMERE TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF GUYSMERE TRUST
We report to the trustees on our examinatlon of the finan¢lal statements of Guysm8f8 Trust (the Gharty) for the year
ended 30 November 2022.
Rasponsibllltles and basls of report
As the trusteès of the charity you are responsible for the preparation of the financial statements and you have
considered the audit requirement of Section 6513} of the Charities Act (Nl) 2008 (the Act). Having satisfi8d ourselves
that the charily is not subject to audit under company law, and is eligible for independent examination. it is our
responsibility to..
examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008.,
follow the procedures laid down in the general Directions given by the Charlty Commlssion for Northern
Ireland under section 6519llb) of the Charities Act.,
state whether particular matters have come to our attention.
Independent axamlnerfs ststèmant
Your attention Is drawn to the fact that the charbty has preparèd financial statemènts In accordance with Accountlng
and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicab18
In the UK and Republic of Ireland IFRS 102} in preference to the Accounting and Reporting by Charities.. Statement
of Recommended PractlC8 issued on 1 Aprll 2005 which Is referred to in the extant regulations but has now been
withdrawn.
l understand that thls has been done In ord8r for fin8nclal statements to provlde a true and falr vlew in accordance
with Generally Accepted Accounting Practice effectNe for reporting periods beginning on or after 1 January 2015.
We h8ve examined your charity accounts as required under Secilon 65 of the Charlties Act and our examination
was carried out in accordance with the general Directlons given by the Charity Commission for Northern Ireland
under section 651gllb} of the Charities Act. The examination included a review of the accounting records kept by
the charity and a comparison of the accounts presented with those records. It also included consideration of any
unusual items or disclosures in the accounts, and seeking explanalions from you as charily trustees concerning any
such matters.
Our role is to state whether any materlal matters have Come to our attentlon givlng us cause lo bell8ve.'
That accountlng records were nol kept in respect of the charlty 8$ requlred by section 130 of Ihe 2011 Ad,, or
the financial statements do not accord wlth those records,, or
That the financial slatements do not comply with the accounting requirements of section 396 of the Companles
Act 2006 and wilh the methods and princlples of the Charities Stalement of Recomrnended Practice applicable
to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republlc of Ireland.
We have completed our examination and have no concerns in respect of the matters111 to131 listed above and, in
connection with following the Directlons of Ihe Charity Commission for Northem Ireland, we have found no matters
that require drawing to your attention.
(v,.JL&i(",
Harblnson Mulholland
Centrepoint
24 Ormeau Avenue
Belfast
Co. Antrim
BT2 8HS
Northem Ireland
1i.lo!11.4.

GUYSMERE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 NOVEMBER 2022
Unrestricted Restricted
funds
funds
2022
2022
Totsl
Unrestricted Restricted
Totsl
funds
funds AS restatsd
2021
2021
2021
2022
Note8
Income from:
Donatsons and
legacies
200
75,000
75,200
endlture on:
Charitable activities
711
12,466
13,177
632
14,400
15,032
Nét {expendlture)Iln¢omo
for the yearl
Net movement In lund8
1711)
(12,4661
(13,177)
(432)
60,600
80,168
Fund balances at 1
December 2021 as rèstated
(432)
60,600
60,168
Fund balances at 30
November 2022
(1,143)
48,134
46,991
1432)
80.600
60,168
The statement of financial activities indudes all gains and losses recognised in the year.
All Income and expenditure derive from continuing actiNities,

GUYSMERE TRUST
STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2022
2022
2021
as restated
Notes
Current assets
Debtors
Cash at bank and In hand
80,699
69
48,191
48,191
60,768
Creditor8: amount6 lalllng du• wlthSn
ona year
(1,200)
(800)
Net current assets
46,991
60,168
Income funds
Restricted funds
Unrestricted fvnds
10
48,134
{1,143)
60.600
(432)
48,991
80.168
The company is entitled lo the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the ye8r ended 30 November 2022.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006
with respect to accounting records and the preparation of financial statements.
The members have not required the company lo obtsin an audit of it8 financial statements for the year in question in
accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small cornpanies regime.
EJl&
Rev R Hyndman
Trustee
RevJM
Tru5teo
aughan
Company reglstration nurnber N1674382

GUYSMERE TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 NOVEMBER 2022
2022
2021
As restated
Cash flows from operating activltie8
Cash generated from operations
13
48,122
69
Net cash u$ad in Invostlng actlvltle8
Not cash u••d In financing activltles
N•t Incr•ase in eA8h and ca8h equivalents
48,122
69
Cash and cash equivalents at beginning of year
69
Cash and ca8h equlvalents at end of ygar
48,191
69

GUYSMERE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022
Accounting pollcies
Charity inforniation
Guysmere Trust is a RegiSte￿d Charity. Company Registration number N1674382 (Northern Ireland)
1.1 Accounting convention
The financial statements have been prepared in accordan￿ with the charity's governing document, the
Charities Act (Nl) 2008, FRS 102 The Financtal Reporting Standard applicable in the UK and Republic of
Ireland" ("FRS 1021 and the ChaTilies SORP "Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting StandBrd applicable in the UK and Republic of Ireland {FRS 102)" leffeGtive 1 January 2019). The
charity is a Public Benefit Entity as defined by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to
the extent required to provide a true and fair view. This departure has involved following the Statement of
Recommended Practice for charities applying FRS 102 rather than the version of the Statement of
Recommended Practice which is referred to in the Regulations but which has Since been withdrawn.
The financial statements are prepared in steding. which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The fin8ncial statements have been prepared under the historic81 cost convention, modified lo include the
revaluation of freehold properties and to include investment properties and certain financial instnJments at fair
value. The principal accounting policies adopted are set out below.
1.2 Going concern
Ai the ts'me of approving the financial statements, the trustees have a reasonable expectation that the charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees
continue to adopt the going concern basis of accountsng in preparing the financial statements.
1.3 Charitable funds
Unrestricled fvnds are available for use 81 the discretion of the trustees in furtherance of their charitable
objectives.
Restricted funds a￿ subject to specific conditions by donors as to how they may be used. The purposes and
use8 of the restrlcted funds are set out in the notes to the finencial statements.
Endowm8nl funds are subject to specific conditions by donors that the capital must be mainlained by the
charity.
1A Income
Income is recogni5ed when the charity is legalty entilled to it after any performance conditions have been met.
the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charrty has been notified
of the donation, unle55 perf0rrnan￿ conditions require deferral of the amount. Income tax recoverable in
relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies ale rvLuyiii¥ied uri receipt or otheNlse If the charity has been notified of an impending distribution,
the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a
contingent asset.

GUYSMERE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2022
Accounting policies
(Contlnued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit lo a
third party. it is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct Gosts and
shared costs, including support costs involved in undertaking each activity. Direcl ¢osls artribulable lo a single
activity are allocated directly lo that activity. Shared costs which contrlbute to more than one activity and
support costs which are not attributable to a single activity are apportioned between Ih05e activities on a basis
Consistent with ihe use of resources. Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
1.6 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held al call with banks. other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.7 Financial in8truments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues. of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charivs balance sheet when the charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the nel amounts presented in the financial 5tatement5, when
there is a legally enforceable right lo set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and sellle the liability slmultaneously.
Basic linancial assets
Basic financial assets, which include debtors and cash and bank balances. are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effedive
interest method unless the arrangement conslilules a financing transaction, where the transaction is
measured at the present va5ue of the future receipts discounted at a market rale of interest. Financi81 assets
classified as receivable within one year are not amortised.
8aSiTC financial liabilities
Basic financial Ilabilities, includlng creditors 8nd bank loans are initially recognised al transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at Ihe present
value of the future payments discounted at a market rate of interest. Financial liabilities Glassified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not. they are presented as non-current liabilities. Trade creditors are recogni5ed initially al
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
can￿lled.

GUYSMERE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2022
Accounting policles
(Continued)
1.8 Employee beneffts
The cost of any unused holiday entitlèment is recognised In the period in which the employee's servicés are
received.
Temiination benefits are recognised immediately as an expense when the charlty is demonstrably committed
to t8miinate the employment of an employee or to provide iemiinatlon b8n8fits.
Crltl¢al accountlng ostlmat•$ and Judgemont8
In thé appllcatlon of the charivs accountlng policies, the trustees are required to make judgements, estlmates
and assumptions about the carrying amount of assets and liabilitles that are not readily apparenl from other
sources. The estimates and associated assumpllons are based on historlcal experience and other factors that
are consldered to be relevant. Adual results may dlffer from these estimates.
The estimates and underlying assumptions are revl8W8d on an ongoing basis. Revisions to accounting
estimates are recognised in th8 period in which th8 estsmate Is revised where the revision aff8Cts only that
period, or in th8 p8rlod of the revision and future periods where the revision affects t￿th current and future
P8rlods.
Donatlons and legacles
Total
Unrostrlcted Restrlcted
funds
funds
Total
2022
2021
2021
2021
Donations and glfts
200
75,000
75,200

GUYSMERE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2022
Charitable activltle8
2022
2021
As restated
Bank Fees
Development costs
111
12,466
32
14,400
12.577
14.432
Accountancy costs
600
600
13,177
15,032
Analysls by fund
Unr8Stricted funds
Restricted funds
711
12,466
632
14,400
13,177
15,032
Tru8tee*
None of the trustees (or any persons connected with them) recelved any rernuneratlon or beneffts from the
charity during thé year.
Employ888
Thera were no employees during the year.
Taxatlon
The charity is exèmpt from tax on income and galns falllng wlthln section 505 of the Taxes Act 1988 or sectlon
252 of the Taxation of Chargeable Gains Act 1992 to the extent that these a￿ applied to ils charltable objects.
Debtors
2022
2021
Amourrts falllng due wlthln one year..
Other debtors
60,699
Creditors: amounts falllng due within one year
2022
2021
Accruals and deferred income
1,200
600
10-

GUYSMERE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2022
10 Restrlcted funds
The Income funds of the charity includè restricted funds comprlslng the following unexpended balances of
donations and grants held on trust for specific purposes:
Balance at
10ocomb8r
2021
As ro$tat•d
Regour¢èA
Balance at
•xp•nd•d 30 Novembar
2022
Development Fund
60,600
112,466)
48,134
Restricted fvnds arè funds r8celved for specrfied purposes wlthln the overall alms of th8 charity.
11 Analysls of net ass•t$ between funds
Unrestrlcted Restrictsd
lunds
funds
2022
2022
Total Unrestrlcted Rostrlcted
funds
funds
2021
2021
2021
As Mstatsd A8 r0Statod As restated
Total
2022
Fund balances at 30
November 2022 are
represented by..
Current assetsllliabilltiesl
11,143)
48,134
46,991
14321
60,600
60,168
11,1431
48,134
46,991
(4321
60,600
60.168
12 Ralatsd party transactlon8
There were no di$¢losable relat8d paty transactions durlng th8 year {2021- none).
13 Cash generated from oporation$
2022
2021
(D8f6otVsurpus for the year
113,177)
60,168
Movements in working capital..
Decreasel(increase) in deblors
Increase in creditors
60,699
600
160.699}
600
Cash gonorated from operations
48,122
69
14 Analysis of changes In net funds
The charity had no debt during the year.
11

GUYSMERE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2022
15 Prlor period adjustmènt
Changos to the statement of flnanclal positlon
At 30 November 2021
As prevlously
Adjustment
reported
As restated
Fixed a550ts
Tangible assets
14,400
{14,4001
Capital funds
Income funds
Restricted fund5
Unrestrlcted funds
75,000
(432)
114,400)
60,600
14321
Total oqulty
74.568
(14,400)
60.168
Changès to tho Income statemont
Perlod ended 30 November 2021
A8 prevlou8ly Adlustmont
Ag rogtsted
roported
Charitable activitles
632
14,400
15,032
Net movement In funds
74,568
{14,4001
60,168
The prior year flnanclal statements have b88n adjusted to r8flect the correct ¢lasslflcatlon of expendltur8.
12-