THE BELTRIM CHARITABLE TRUST
Trustees Annual Report and Financial Statements
th
for the year ended 5 April 2024
Registered Charity in Northern Ireland (NIC108174)

THE BELTRIM CHARITABLE TRUST
TRUSTEES ANNUAL REPORT
The Trustee5 present their Annual Report and Financial Statements for the year ended S April 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
Address
Beltrim Castle
68 Killymore Road
Gortin
Omagh
BT79 8PN
Registered Charity in Northern Ireland INIC1081741
CHARITY TRUSTEES
The Charity Trustees 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 IN.I.I LLP
3? Lodge RoAd
Coleraine
County londonderry
Northern Ireland
BT52 INB
BANKERS
U15ter Bank Limited
14 High Street
Omagh
Co Tyrone
BT78 18J

THE BELTRIM CHARITABLE TRUST
TRUSTEES ANNUAL REPORT (cont'dl
Objectives and activities
The main objectives of the Beltrim Charitable Trust are the advancement of education, the advancement
ofcitizenship and community development and other charitable purposes to benefit the local communitv.
The Beltrim Charitable Trust supports community enterprise and development both rural and urban,
conservation of heritage and local history and environmenlal development and conservation. It also
encoura8e5 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/developing countries.
Those with physical disabilitie5
Public benefits
The charity ha5 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 Communitv
Development Association, the Beltrim Charitable Trust h35 helped them become more successful in
supporting a number of local groups and or8anisations 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 renovation5
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 securefunds and benefit the local community by providing a hubwhere
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
During the year ended 5 April 2024. the Trust continued to support local charities and trusts by giving
donations to groups such as the Tyrone and Fermanagh Ploughing Society and Air Ambulance Northern
Ireland Charity. The Trust also supports causes outside of Northern Ireland with another beneficiary of
the Beltrtm Charitable Trust bein8 Got Martar Community Development Group IGMCDGI which supports
orphans and vulnerable children in Africa. The Beltrim Charitable Trust also gave various donations to
charities and events raising f unds for the crisis in Ukraine. one of the beneficiaries included the Knights of

THE BELTRIM CHARITABLE TRUST
TRUSTEES ANNUAL REPORT (cont'd)
Malta Scotland Ukraine Appeal. The charity will continue to give donations on an ad hoc basis and, in
particular, to the Riding for the Disabled and Owenkillew Community Association.
Plan5 for future periods
The Beltrim Charitable Trust aims to continue its work supporting local charities and communities. Thev
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 £40.52012023.' £2,881)
In 2024, investment income amounted to £24,721 (2023.- £13,485}. Donations received by the trust in
2024 amounted to £012023: £6.550). In 2023. the Trust received income from DAERA of £2,628. This was
in respect of a project cornmissioned 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 statement5 for the year
Ih
ended 5 April 2024 can be signed off as a 80ing concern.
Strurture, 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 ofthe financial statements were..
Mrs Lucinda Mary Lavinia Blakiston Houston
Mr Richard Blakiston Houston
Mr John Henry Witchell
Statement of trustee responsibilities
The Trustees are responsible for preparing the annual report and the financial statements in accordance
with applicable13w and regulations.
Charity law requ ires 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
Reporting Standard Applicable in the UK and Republic of Ireland IFRS1021 and with the Statement of
Recommended Practice "Accounting and Reporting by Charities"
Under law the Trustees must not

THE BELTRIM CHARITABLE TRUST
TRUSTEES ANNUAL REPORT (conyd)
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
Trustee5 are required to..
select suitable accounting policies 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 companTrls transactions and dtsclose 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 an(J detection of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrityof the corporate and financial information
included on the charity's website. Legislation in the United Kingdom 8overnin8 the preparation and
dissemination of the financial statements may differ from le81slation in other jurisdictions.
Statement a5 to disclosure to our independent examiner
In so far as the trustees are aware at the timing of approving our trustee5' annual report:
there is no relevant information of which the charity's 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 charitws independent examiner 15 aware of that
inf ormation.
The Trustees. report was approved by the Board.
Mr John Henry Witchell
31 January 2025

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE BELTRIM CHARrrABLE TRUST
I report on the account5 of the trust for the year ended 5 April 2024, which are set out on pages 7 to 14.
Respective responsibilitles of trustees and examlner
As the charlvs tnjstees you are responsible for the preparation of the accounts In accordance wtth the
Charitles Aec (Northern Ireland) 2008.
It is our responsibility to:
examine the accounts under settion 65 of the Charltie5 Act
follow the procedures laid down in the General Directions given by the Charity Commission for
Northem Ireland under section 65(91 of the charitles Act
state whether particular matters have come to my attention.
Basls of Independent examlnerfs report
I have examined your charlty accounts 3s 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 settion 65(9) {b) of the Charities Act.
My examination included a revlew of the accounting records kept by the charFty and a comparison of the
accounts presented with those records. It also included a consideration of any unusual items or
dlsclosures in the accounts and seeklng explanations from you 35 charity trustees concernin8 any such
matters.
My role is to state whether any materlal matters have come to my attentlon 8rving me cause to believe:
l. That accounting records were not kept in accordance wlth section 63 of the Charlties Act
2. That the accounts do not accord wlth those accounting records
3. That the accounts do not comply with the accounting requirements of the Charities Act
4. That there is no fijrther information needed for a proper understanding of the accounts to be
reached
Independent examlnerfs statement
I have completed my examlnatlon and have no concerns In respett of the matters (11 to {4) above and, in
connettion with following the Dirertions of the charity Commission for Northern Ireland, I have found no
matters that requ1￿ drawing to your attention.
Name: Dr R I Peters Gallagher. 08E. FCA
Professional Body: Chartered Accountants Ireland
Address. Moore {N.I.} LLP, Waterford House. 32 Lodge Road, Coleraine. BT52 INB
Date: Si . TrfN

THE BELTRIM CHARITABLE TRUST
STATEMENT OF FINANCIAL AcfiviTY
for the year ended 5 Aprll 2024
Note
Unrestrirted
Funds
Total
2024
Total
2023
Income
Investment Income
Donations and legacies
24.721
24,721
13,485
6.550
Total Income
24.721
24.721
20,035
Expenditure
Charitable donation5
Rental expenses
Other expefjses
5,520
2,095
3,200
5,520
2.095
3,200
37.270
2.382
2,154
Total Expenditure
110.8151
110,8151
141,8061
Net gainlllossl on
investments
154.426}
154,4261
18,890
Net movement in funds
140.520}
140,5201
12,8811
Funds brought forward
1,069.872
1,069,872
1,072,753
Funds carried forward
1,029.352
1,029.352
1,069,872

THE BELTRIM CHARITABLE TRUST
BALANCE SHEET
As at 5 April 2024
2024
2023
Fixed assets
Investment properties
Investments
412,299
575,089
412,299
629,514
987,388
1,041,813
Current assets
Debtors
Cash at bank and in hand
io
14.473
34,669
667
31.321
49.142
31,988
Creditor5." amounts falling due
within one year
li
{7.1781
{3,9291
Net current assets
41.964
28,059
Total assets le55 current
liabilities
1.029,352
1,069,872
Income Funds
Unrestf Icted f unds
1.029,352
1.069.872
1.029,352
1,069,872
The financial statements were approved by the Trustees on 31 January 2025.
Mr John Henry Witchell
Trustee

THE BELTRIM CHARITABLE TRUST
NOTES TO THE ACCOUNTS
5 Aprll 2024
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 1021- (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic
of Ireland IFRS 1021.
The Trust meets the definition of a public benef it entity under FRS 102. Assets and liabilities are initially
recognised at historical cost and transaction value unle55 Otherwise stated in the relevant accounting
policy notelsl.
bl 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 bud8ets 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 unlisted investments in Ruffer LLP are initially recorded at C05t 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 AccouKfs Icont'd>
5 April 2024
(e) Financlal instruments
The Trust only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recoEnised 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
Estirnates 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 crttical judgments made in applyin8 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 a55ets and liabilities within the next financial year.
INVESTMENT INCOME
Unrestrirted
Funds
Restricted Endowment
Funds
Funds
Total
2024
Total
2023
Investment property rent
Oividends
Interest
12.570
11,671
480
12,570
11,671
480
12.700
672
113
24.721
24,721
13,485
DONATIONS
Unrestrirted
Funds
Restrirted Endowment
Funds
Funds
Total
2024
Total
2023
Donations
6,550
6,550
io

THE BELTRIM CHARITABLE TRUST
NOTES TO THE ACCOUNTS (cont'd)
5 Aprll 2024
4. CHARITABLE DONATIONS
Unrestricted
Funds
Restrirted Endowment
Funds
Funds
Total
2024
Total
2Q23
The Brain Tumour Charity
Marie Curie
Red Cross
Horatio's Garden
Scleroderma & Raynaud
RDA Om38h
DEC Ukraine Humanitarian Appeal
Hope for Youth
Hollywood Cricket club
Crisis at Christmas
The Hester Trust
Bloornfield Wildlife Watch
Big Hoof Ukraine
Ukraine Appeal - M8H
Tyrone & Fermanagh Ploughing
Society
Headfort Trust
Royal British Legion
The Frank Haines Memorial Trust
Got Martar Community Group
Gift Operation Motivation
Brain Waves Nl
Air Ambulance Nl
Foyle Hospice
300
3Crf)
200
loo
1500
500
250
200
200
1.000
2,000
200
120
900
5,000
1,000
loo
120
120
1.000
loo
1,000
100
24,000
100
500
1.000
1,000
loo
loo
1.200
loo
500
1,000
100
loo
1,200
5.520
5,520
37,270
RENTAL EXPENSES
Unrestricted
Funds
Restricted Endowment
Funds
Funds
Total
2024
Total
2023
Repairs
Electricity
Rates
Replacement of domestic items
1.257
1,257
946
453
483
500
838
838
2,095
2,095
2.382
li

THE BELTRIM CHARITABLE TRUST
NOTES TO THE ACCOUNTS Iconyd)
5 April 2024
6. OTHER EXPENSES
Unrestricted
Funds
Restricted Endowment
Funds
Funds
Total
2024
Total
2023
Independent examiner fee
Management fees
Foreign exchange
3.200
3.200
500
1,586
68
3,200
3,200
2,154
NET GAIN ON INVESTMENTS
2024
2023
Revaluation of investments
Gain on sale of investments
154,426)
6,785
12,105
154,4261
18,890
INVESTMENT PROPERTIES
Fair Value
At 6fh April 2023
412,299
At S" April 2024
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
8eltrim 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 £412,298.
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 (cont'dl
5 April 2024
9. INVESTMENTS
Listed Investments
Cost
At 6th April 2023
Additions
Disposals
ILoss) on revaluation
629,514
(54,4251
575,089
th
At 5 April 2024
Carrying amount
th
At 5 April 2024
575,089
th
At 5 April 2023
629,514
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Rental accounts
Establishment of Paddy Accelerator charity
1.333
13,140
667
14,473
667
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Rental deposit held
Sundry creditors and accruals
385
301
6,793 3,628
7,178 3,929
12. PAY AND REMUNERATION
The Trust has no employees. None of the Trustees receive any remuneration or claim any expenses from
the Trust.
13

THE BELTRIM CHARITABLE TRUST
NOTES TO THE ACCOUNTS (convd)
5 April 2024
13. 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.
14. RELATED PARTIES
During the year ended 5 April 2024, the Trust transferred the deposit received for the flat to Blakiston
Houston Estates to be held through their Tenant Deposit Scheme Nl. The Trustees of the Beltrim
Charitable Trust are directors of Blakiston Houston Estates.
14