THE BELTRIM CHARITABLE TRUST
STATEMENT OF FINANCIAL AcnviTY
for the year ended 5 April 2024
Note
Unrestrlcted
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
Expendlture
Charitable donations
Rental expenses
Other expenses
5,520
2.095
3,200
5,520
2,095
3,200
37,270
2,382
2,IS4
Total Expendltyre
(10,815)
(10,815)
(41,806)
Net galn/(loss) on
Investments
154,426)
154,426)
18,890
Net movement in funds
140,520)
140,520)
{2,881)
Fund5 brought fonward
1,069,872
1,069,872
1,072,753
Funds carried forward
1.029,352
1.029,3S2
1,069,872

THE BELTRIM CHARITABLE TRUST
BALANCE SHEEr
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
10
14,473
34,669
667
31,321
49,142
31,988
Creditors: amounts falllng due
wlthln one year
li
(7,1781
13,929)
Net current assets
41,964
28,059
Total assets le$5 current
liabllitles
1,029,352
1,069,872
Income Fund5
Unrestricted funds
1,029,352
1,069,872
1,029,352
1,069,872
The financial statements were approved by the Trustees4)n 31 January 2025.
Mr John Henry Witchell
Trustee

THE BELTRIM CHARITABLE TRusr
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 flnancial statements are as follows:
al Basls of preparatlon
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 Stsndard applicable in the UK and Republic of Ireland
(FRS 102)- (Charitie5 SORP (FRS 102)). the Financial Reporting Standard applicable in the UK and Republic
of Ireland {FRS 102).
The Trust meets the definttion of a public benefit entity under FRS 102. Assets and liabilities are initially
recognised at historical cost and transaction value unless otherwise stated In the relevant accounting
policy note{s).
b) Preparatlon of accounts on a goln8 concern bas15
The Trust generally meets its day to day working capital requlrements 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 expertation 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 a55et investments comprised of unlisted 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 8ains 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 equlvalents
Cash and cash equivalents include cash in hand, deposits held at call wrth banks, other short-term highly
liquid investments with original maturities of three months or less.

THE BELTRIM CHARITABLE TRusr
NOTES TO THE ACCOUNTS (convd)
5 Aprfl 2024
(e) Flnanclal 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.
(fj Fund accountlng
Unrestricted funds are general funds that are available for use at the Trustees, discretion in furtherance
of the objectives of the charity.
Ig) Crltlcal accountlng jud8ements 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 tn applying the Trusys 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
Unrestrlcted
Funds
Restrfrted Endowment
Funds
Funds
Total
2024
Total
2023
Investment property rent
Dividends
Interest
12,570
11,671
480
12,570
11,671
480
12,700
672
113
24.721
24,721
13,485
DONATIONS
Unrestrfcted
Funds
Restrlrted Endowment
Funds
Funds
Total
2024
Total
2023
Donations
6,550
6.S50
10

THE BELTRIM CHARITABLE Tftusr
NOTES TO THE ACCOUNTS (¢onYd)
5 April 2024
4. CHARITABLE DONAnoNS
Unrestricted Restrlcted Endowment
Funds
Funds
Funds
Total
2024
Total
2023
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
Royal British Legion
The Frank Haines Memorial Trust
Got Martar Community Group
Gift Operation Motivation
Brain Waves Nl
Air Ambulance Nl
Foyle Hospice
300
300
200
loo
1500
500
250
200
200
1,000
2,000
200
120
900
5,000
1,000
loo
120
120
1,0
100
1,000
loo
24,000
100
500
1,000
1,000
100
100
1,200
loo
500
1,000
1,000
loo
loo
1,200
5,520
5,520
37,270
RENTAL EXPENSES
Unrestricted
Funds
Restrlcted 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
11

THE BELTRIM CHARITABLE TRUST
NOTES TO THE ACCOUNTS {conVd)
5 Aprll 2024
6. OTHER EXPENSES
Unrestrfrted
Funds
Restrlcted 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,IS4
NET GAIN ON INVESTMENTS
2024
2023
Revaluation of investments
Gain on sale of investments
(54,4261
6,78S
12,105
154,426)
18,890
INVESTMENT PROPERTIES
Falr Value
At 6th April 2023
412,299
At 5th April 2024
412.299
Investment property comprises the old Ulster Bank building premise5 Situated at 2-4 Main Street, Gortin,
Omagh, 8f19 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 £412,298.
No depreciation has been provided on the property as the current estimated residual value is not less
than its carrying value and the remaining usefvl life currently exceeds 50 years.
12

THE BELTRIM CHARITABLE TRusr
NOTES TO THE ACCOUNTS (convd)
5 Aprll 2024
9. INVESTMENTS
Usted Investment5
Cost
At 61h April 2023
Additions
Disposals
{Loss) on revaluation
At 5 April 2024
Carrying amount
th
At 5 April 2024
629,514
154,425)
575.089
575,089
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 FALUNG DUE wrrHIN 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 TRusr
NOTES TO THE ACCOUNTS (convd)
5 Aprll 2024
13. TAXATION
The Trust Is recognised as a charityforthe purposes of applicable taxation leglslatlon and is therefore not
subject to taxation on its charitable activities.
14. RELATEO 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 direttors of Blakiston Houston Estates.
14