THE BELTRIM CHARITABLE TRUST
Trustees Annual Report and Financial Statements
for the year ended 5th April 2023
Registered Charity in Northern Ireland (NIC108174)

THE BELTRIM CHARITABLE TRUST
TRUSTEES ANNUAL REPORT
The Trustees present their Annual Report and Financial Statements for the year ended 5 April 2023.
REFERENCE AND ADMINISTRATIVE DEfAILS
Address
Beltrim Castle
68 Killymore Road
Gortin
Omagh
BT79 8PN
Registered Charity in Northern Ireland (NIC108174)
CHARITY TRUSTEES
The Charity Trustee5 who served during the year or who were trustees at the date of this report were;
Mrs Lucinda Mary Lavinia Blakiston Houston
Mr Richard Blakiston Houston
Mr John Henry Witchell
INDEPENDENT EXAMINER
Dr R I Peters Gallagher, OBE, FCA
Moore (N.I.} LLP
32 Lodge Road
Coleraine
County Londonderry
Northern Ireland
BT52 INB
BANKERS
Ulster Bank Limited
14 High Street
Omagh
Co Tyrone
BT78 IBJ

THE BELTRIM CHARITABLE TRUST
TRUSTEES ANNUAL REPORT (convd)
Objectives and activities
The main objectives of the Beltrim Charitable Trust are the advancement of education, the
advancement of citizenship and community development and other charitable purposes to benefit the
local community.
The Beltrim Charitable Trust supports community enterprise and development both rural and urban,
conservation of heritage and local history and environmental development and conservation. It also
encourages cross-border, cross-community relations in the local community and offers overseas aid
towards the relief of poverty and famine.
They main groups that the charity hopes to benefit are.
Children aged 5-13 years old
General public
Voluntary and community sector
Those with learning disabilities
Overseas/developinE countries.
Those with physical disabilities
Public benefits
The charity has worked to offer financial support to the local community through the Owenkillew
Community Development Association which operates the community hall in the village of Gortin and
promotes activities for youth groups and others. By offering support to the Owenkillew Community
Development Association, the Beltrim Charitable Trust has helped them become more successful in
supporting a number of local groups and organisations over the years. There are numerous beneficiaries
as a result of funding provided to the community by the Beltrim Charitable Trust-to name a few- the
playschool, community gardens, gym, Men's shed and health and wellbeing services. Further
beneficiaries could be provided. The Beltrim Charitable Trust's contribution to these groups has resulted
in an overall benefit to community relations and supporting mental health in the community.
The Beltrim Charitable Trust purchased the old Ulster Bank building in Gortin and conducted
renovations to repurpose the building into a café, workshop and flat. All of these premises have been let
out at a commercial rate, helping the trust secure funds and benefit the local community by providing a
hub where people can meet. The opportunity to enhance business in the village has also contributed to
a boost in the local economy as it has attracted more visitors into the village.
Achievements during the year
th
During the year ended 5 April 2023, the Trust continued to support local charities and trusts by giving
donations to groups such as the Tyrone and Fermanagh Ploughing Society and Omagh Riding for
Disabled Association. The Trust also supported causes outside of Northern Ireland with another
beneficiary of the Beltrim Charitable Trust being the Headfort Trust, Kells, Co Meath. The Headfort Trust
was operating a school within a listed building and benefitted from funds donated by the Beltrim

THE BELTRIM CHARITABLE TRUST
TRUSTEES ANNUAL REPORT (convd)
Charitable Trust towards repair of the building. The Beltrim Charitable Trust also gave various donations
to charities and events raising funds for the crisis in Ukraine; Some of the beneficiaries included the Red
Cross and Disasters Emergency Committee.
Plans for future periods
The Beltrim Charitable Trust aims to continue its work supporting local charities and communities. They
will continue to support causes which are of a great importance to the Trust such as environmental
conservation and community enterprise and development.
Financial Review
The Charitable Trust's main sources of income are investment income and donations.
Net expenditure for the year was £2,881 (2022: net income of £19,435)
In 2023, investment income amounted to £13,485 (2022: £19,233) Donations received by the Trust in
2023 amounted to £6,550 {2022: £23,200). The Trust also received income from DAERA of £2,628 in
2023 (2022: £46,879). The income from DAERA was in respect of a project commissioned by the Trust
but undertaken by a company in which the trustees are directors. As this project was completed on
behalf of the Trust, the income was paid out in full to the company who undertook the project.
Going Concern
The Trustees have reviewed the budgets for the year ahead and are satisfied that there are adequate
funds in place to ensure that the Trust can continue its activities and the financial statements for the
th
year ended 5 April 2023 can be signed off as a going concern.
Structurep governance, and management
The charity is governed by its Trust Deed dated 21 March 2001.
The trustees who served during the year and up to the date of signature of the financial statements
were:
Mrs Lucinda Mary Lavinia Blakiston Houston
Mr Richard Blakiston Houston
Mrjohn Henry Witchell
Statement of trustee responsibilities
The Trustees are responsible for preparing the annual report and the financial statements in accordance
with applicable law and regulations.
Charity law requires the Trustees to prepare the financial statements for each financial year. Under that
law the Trustees appointed to prepare the financial statements in accordance with United Kingdom
Generally Accepted Accounting Practice, including Financial Reporting Standard FRS 102, the Financial

THE BELTRIM CHARITABLE TRUST
TRUSTEES ANNUAL REPORT (convd)
Reporting Standard Applicable in the UK and Republic of Ireland (FRS102} and with the Statement of
Recommended Practice "Accounting and Reporting by Charities"
Under law the Trustees must not
approve the financial statements unless they are satisfied that they give a true and fair view of the state
of affairs of the trust and of the net income for that year. In preparing these financial statements, the
Trustees are required to:
select suitable accounting policie5 and then apply them consistently;
make judgements and accounting estimates that are reasonable and prudent;
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 adequate accounting records that are sufficient to show and
explain the company's transactions and disclose with reasonable accuracy at any time the financial
position of the trust and enable them to ensure that the financial statements comply with the relevant
legislation. The Trustees are also responsible for safeguarding the assets of the trust and hence for
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 charity's website. Legislation in the United Kingdom governing the
preparation and dissemination of the financial statements may differ from legislation in other
jurisdictions.
Statement as to disclosure to our independent examiner
In so far as the trustees are aware at the timing of approving our trustees, annual report:
there is no relevant information of which the charitvs independent examiner is unaware; and
the trustees have taken all steps that they ought to have taken to make themselves aware of any
relevant information and to establish that the charit¢s independent examiner is aware of that
information.
The Trustees, report was approved by the Board.
Mr
Henry Witthell
2 February 2024

INDEPENDENT EXAMINERS REPORT TO THE TRusfEES OF THE BELTRIM CHARITABLE TRUST
I report on the accounts of the trust for the year ended 5 April 2023, which are set out on pages 7 to 13.
Respective responsibilities of trustees and examiner
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the
Charities Act (Northern Ireland) 2008.
It is our responsibility to:
examine the accounts under section 65 of the Charities Act
follow the procedures laid down in the General Directions given by the Charity Commission for
Northern Ireland under section 65(9) of the charities Act
State whether particular matters have come to my attention.
Basis of independent examinerfs report
I have examined your charity accounts as required under section 65 of the Charities Act and my
examination was carried out in accordance with the General Directions given by the Charity Commission
for Northern Ireland under section 65(9) {b) of the Charities Act.
My 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 a consideration of any unusual items or
disclosures in the accounts and seeking explanations from you as charity trustees concerning any such
matters.
My role is to state whether any material matters have come to my attention giving me cause to believe:
l. That accounting records were not kept in accordance with section 63 of the Charities Act
2. That the accounts do not accord with those accounting records
3. That the accounts do not comply with the accounting requirements of the Charities Act
4. That there is no further information needed for a proper understanding of the accounts to be
reached
Independent examinerfs statement
I have completed my examination and have no concerns in respect of the matters (l) to14) above and, in
connection with following the Directions of the charity Commission for Northern Ireland, I have found no
matters that require drawing to your attention.
K. 9.fkn4JW
Name: Dr R I Peters Gallagher, OBE, FCA
Professional Body: Chartered Accountants Ireland
Address: Moore (N.I.) LLP, Waterford House. 32 Lodge Road, Coleraine, BT52 INB
2 February 2024

THE BELTRIM CHARITABLE TRUST
STATEMENT OF FINANCIAL AcfiviTIES
for the year ended 5 April 2023
Note
Unrestricted
Funds
Total
2023
Total
2022
Income
Investment Income
Donations and legacies
Grant income
13,485
6,550
2,628
13,485
6,550
2,628
19,233
23,200
46,879
Total Income
22,663
22,663
89,312
Expenditure
Charitable donations
Rental expenses
Other expenses
37,270
2,382
4,782
37,270
2,382
4,782
27,250
4,185
54,419
Total Expenditure
(44,434)
144,434)
(85,8541
Net gains on investments
18,890
18,890
15,977
Net movement in funds
{2,881)
{2,881)
19,435
Funds brought forward
1,072,753
1,072,753
1,053,318
Funds carried forward
1,069,872
1,069,872
1,072,753

THE BELTRIM CHARITABLE TRUST
BALANCE SHEET
As at 5 April 2023
2023
2022
Fixed assets
Investment properties
Investments
412,299
629,514
412,299
572,442
1,041,813
984,741
Current assets
Debtors
Cash at bank and in hand
667
31,321
88,814
31,988
88,814
Creditors: amounts falling due
within one year
10
{3,929)
{802)
Net current assets
20,059
88,012
Total assets less current
1,069,872
1,072,753
Income Funds
Unrestricted funds
1,069,872
1,072,753
1,069,872
1,072,753
The financial statements were approved by the Trustees on 2 February 2024
Mr John Mdry Witthell
Trustee

THE BELTRIM CHARITABLE TRUST
NOTES TO THE Accoumrs
5 April 2023
ACCOUNTING POLICIES
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the
preparation of the financial statements are as follows:
a) Basis of preparation
The financial statements have been prepared on a going concern basis in accordance with 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)- (Charities SORP IFRS 102)), the Financial Reporting Standard applicable in the UK and Republic
of Ireland (FRS 1021.
The Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially
recognised at historical cost and transaction value unless other¥vise stated in the relevant accounting
pol icy note(s).
b) Preparation of accounts on a going concern basis
The Trust generally meets its day to day working capital requirements from its annual income. The
Trustees have obtained and reviewed budgets for the coming year and based on these are satisfied that
the Trust has resources to provide a reasonable expectation that it can continue to meet its financial
obligations as they fall due for the foreseeable future. Therefore, these financial statements have been
prepared on a going concern basis.
c) Investments
Fixed asset investments comprised of listed investments in Ruffer LLP are initially recorded at cost and
are then subsequently stated at fair value at each balance sheet date. Investments in unquoted
investments are recorded at cost and are assessed annually for impairment. Unrealised gains and losses
represent the difference between the fair value at the beginning and end of the financial year or, if
purchased in the year, the difference between cost and fair value at the end of the year. Realised gains
and losses represent the difference between the proceeds on disposal and the fair value at the start of
the year or cost if purchased in the year. Both realised and unrealised gains and losses in investments are
reported within "Net Gains / (Losses) on Investments" within the Statement of Financial Activities
d) Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term highly
liquid investments with original maturities of three months or less.

THE BELTRIM CHARITABLE TRUST
NOTES TO THE Accou￿rS (convd)
5 April 2023
(e) Financial instruments
The Trust only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction price and subsequently
measured at their settlement value.
(f) Fund accounting
Unrestricted funds are general funds that are available for use at the Trustees, discretion in furtherance
of the objectives of the charity.
Ig) Critical accounting judgements and estimation uncertainty
Estimates and judgments made in the process of preparing the financial statements are continually
evaluated and are based on historical experience and other factors, including expectations of future
events that are believed to be reasonable under the circumstances. The trustees do not consider that
there are any critical judgments made in applying the Trust's accounting policies or that there are any
critical accounting estimates or assumptions which may have a significant risk of causing a material
adjustment to carrying amounts of assets and liabilities within the next financial year.
INVESTMENT INCOME
Unrestrirted
Funds
Restricted Endowment
Funds
Funds
Total
2023
Total
2022
Investment property rent
Dividends
Interest
12,700
672
113
12,700
672
113
12,380
6,825
28
13,485
13,485
19,233
DONATIONS
Unrestricted
Funds
Restrirted
Funds
Endowment
Funds
Total
2023
Total
2022
Donations
6,550
6,550
23,200
6,550
6,550
23,200
10

THE BELTRIM CHARITABLE TRUST
NOTES TO THE ACCOUNTS {conVd)
5 April 2023
4. CHARITABLE DONATIONS
Unrestricted
Funds
Restricted Endowment
Funds
Funds
Total
2023
Total
2022
The Brain Tumour Charity
Marie Curie
Red Cross
Horatio's Garden
Scleroderma & Raynaud
RDA Omagh
DEC Ukraine Humanitarian Appeal
Hope for Youth
Hollywood Cricket club
Crisis at Christmas
The Hester Trust
Bloomfield Wildlife Watch
Big Hoof Ukraine
Ukraine Appeal- MBH
Tyrone & Fermanagh Ploughing
Society
Headfort Trust
Para Equestrian Ireland
Heather Trust Appeal
Crawford & Lockhart Charitable
Trust
Other donations
200
100
200
100
1,500
500
250
200
200
1,000
2,000
200
120
900
5,000
1,000
100
1500
500
250
200
200
1,000
2,000
200
120
900
5,000
1,000
100
24,000
24,000
1,500
120
780
850
37,270
27,250
RENTAL EXPENSES
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total
2023
Total
2022
Repairs
Electricity
Rates
Insurance
Replacement of domestic items
946
453
483
946
453
483
318
3,059
478
330
500
500
2,382
2,382
4,185
11

THE BELTRIM CHARITABLE TRUST
NOTES TO THE Accou￿rS (convd)
5 April 2023
6. OTHER EXPENSES
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total
2023
Total
2022
Independent examiner fee
Management fees
Foreign Exchange
Consultancy fees
500
1,586
68
2,628
500
1,586
268
2,628
500
6,182
858
46,879
4,782
4,782
54,419
NET GAIN ON INVESTMENTS
2023
2022
Revaluation of investments
Gain on sale of investments
6,785
12,105
(15,3531
31,330
18,890
15,977
INVESTMENT PROPERTIES
Cost
th
At 6 April 2022
412,299
th
At 5 April 2023
412,299
Investment property comprises the old Ulster Bank building premises situated at 2-4 Main Street,
Gortin, Omagh, BT79 8PH and the associated car park. The building was purchased in 2015 for £92,000.
The Beltrim Charitable Trust completed various renovations from purchase to date to turn the building
into a flat, a coffee shop and a workshop. The additional renovation costs amounted to £320,298
bringing the cost of the building up to £412,299.
No depreciation has been provided on the property as the current estimated residual value is not less
than its carrying value and the remaining useful life currently exceeds 50 years.
12

THE BELTRIM CHARITABLE TRUST
NOTES TO THE ACCOUNTS (convd)
5 April 2023
9. INVESTMENTS
Listed Investments
Cost or valuation
th
At 6 April 2022
Additions
Disposals
Gain on revaluation
th
At 5 April 2023
Carrying amount
th
At 5 April 2023
572,442
709,430
1659,1431
6,785
629,514
629,514
th
At 5 April 2022
572,442
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
Rental deposit held
Sundry creditors and accruals
301
3,628
301
501
3,929
802
11. PAY AND REMUNERATION
The Trust has no employees. None of the Trustees receive any remuneration or claim any expenses from
the Trust.
12. TAXATION
The Trust is recognised as a charity for the purposes of applicable taxation legislation and is therefore
not subject to taxation on its charitable activities.
13. RELATED PARTIES
During the year ended 5 April 2022, the Trust commissioned a report in respect of wildlife conservation
from Blakiston Houston Estates as they are experts in this area. The report was funded and approved by
DAERA and was undertaken at arm's length. The Trustees of the Beltrim Charitable Trust are directors of
Blakiston Houston Estates.
13