Tlie Sinytli Charitable Trust CompAny Information For Thc Year Ended 3 1 October 2024 Directors lind Mr Jam¢s Smyth Mrs Margaiet Smyth Mr Stephen Clarkc Tru5tee5 Company Number N166i124 Registered Office 27 Grcenhill Road Blackhill Coleraine Co Londonderry BTil 4EU Accountants MKP Accountants Chartered Accountants 42a44a New Roiv Coleraine BT52 IAF Independent Exaininer5 MKP Accountants 4?A144A Neiv Row Colerain¢ Co Londondcrry BTi2 IAF Banker5 Danskc Bank Donegdll Squarc West B¢lfas1 BTI 6JS Page I
The Sfflyth Charitable Trust Statement of Financial Activities (incorporating 5Ututnary income and expenditure account) For The Year Ended 3l October 2024 Restricted Unrestricted 2024 2023 Notes Incoming and endowments from Donations, legacies and (rifts Bank interest received 269.18) 9.703 269,18) 9,703 ,948 Total income and endowments 278,886 278,886 ,948 Expenditure on Costs of generating voluntary income Interest payable and other charges 60 60 Total costs ol generating funds 60 60 Charitable expenditure Charitable activities Running and operating costs Cliarilable donations 480 203,iOO 480 203,500 1.080 300,000 20i,980 203,980 JOI,080 Total expenditure 204,040 204,040 JOI,I12 Net income/{expenditure) before transfers Gr055 transfers between lund5 74,846 74,846 (299,164) Net incomel{expenditure) for yearlnet Tneotne/(10ss} Fund balances brought forward at l Noveiiiber 2022 74,846 689.186 74,846 (299,164) 689,l86 988,JiO Fund balances brought forward at 31 October 202J 764,0)2 764,0)2 689,186 All amoiints relate to conlinuiiig operation5 of the charity- The charity has no recognised gains or losses other tlian those included in the results above, and therefore no separate statement of (Jain5 and losses has been presented. The notes on page 8-9 form an integral part of these financial statements. Page 5
The Smyth ChAritable Trust Statement of Financial Activities (incorporating Summary income and expenditure Accounti For The Year Ended 31 October 2023 Restricted Unrestricted 2023 202? Notes Incoming and endowments from Donations, legacies and gifts Batd( interest received 1,000.200 1.948 1,948 Total ineome and endowments I,948 ,948 1,000,200 Expenditure on Costs of generating voluntary income Enterest payable and other charges Total costs of generating funds 10 10 Charitable expenditure Charitable activities Running and operalino costs Charitable donations 1,080 )00,000 1.080 JOO,000 1,840 i 0,000 )01,080 301,080 11,840 Total expenditure )01,112 11.850 Net in¢omel(expenditure) before transfers Gross trclnsfers between funds (299,164) (299,164) 988.JiO Net incotnel(expenditure) for yearlnet incomel(loss) Fund balances brought forward al l Noveniber 2022 Fund balances brought fonvard at 31 October 202J (299,1&1 (299,164) 988,iiO 988,)50 988,J50 689.186 689.186 988,350 All amounts relate to continuing operdtions of the charity. The charity has no recognised gains or losses other than those included in the results above. and therefore no separate statement of gains and losses has been presented. The notes on page 8-9 form an integral part ofthe5e financial statements. Page 6
The Smytli Cliaritable Trust Balance Sheet A5 At 31 October 2024 2024 2024 Notes CURRENT ASSETS Cash at bank and in hand Sundry debtors 496,229 269.183 690.086 765,412 690,086 Creditors.. ArnollThts F211iThg Due Within One Yexr (1,3801 (9001 NET CURRENT ASSETS (LtABILITIESI 764.032 689. 186 TOTAL ASSETS LESS CURRENT LIABILITIES 764.032 689, 186 NET ASSETS 764.032 689,186 Iiicoine and Expenditure Account 764.032 689.186 MEMBKRS. FUNDS 764,032 689.186 Thcsc accounts have bccn prcparcd in aLcordancc with the provisions applicable lo companics 5ubjecl to iht small conipanies, reoime. On belialt of the board Mr James Smyth Trustce 29tli July ?02) Thc notes on page 8-9 form part ol thcsc tinancial statcm¢nts. Page 7
Tlie Smytli Charitable Trust Notes to the Financial Statement5 For The l'ear Ended 31 October 2024 Notes to the Financial Statements l. General Information The Smyih Charitable Trust is a private company, litllited by cuarantce. iiicorporated in Northcrii Ireland. registered number N166i124 Tlie registered Dffice is 27 Grcenhill Road. Blackhill. Colerain¢. Co Londond¢rry. B'fi14EU. 2. A¢counting Policies 2.1. Basis of Preparation of Financial Stiltenients The Charity. constitults a public benefit entity as deFined by FRS102. The liiiancial statcrnents are prcparcd in accordance with FRS102 'The Finai)Lial Ileportinu Standard applicable in thc UK and Republic ol. Irclaiid," (FRS1021. -A¢counting aiid Rcporting by Chariiies, the stc1tLmLnt ol. Rccomtnend¢d PraLli¢¢ lor ¢hariti¢s applying FRS102, the Coinpanies Aci 2006 and UK Gen¢rall)' Acccpted Accounting Practice issued in October ?019. The compan), has taken advantagc ot the exemption in FRS I trom the requir¢menl to produce a cashfloiv sialement because il is a small companv. There have been no transitional adjustments inade and the accounts have been preparcd undcr thc historic cost convcntion. The financial statements are pruscntcd in st¢rlino wliich is the I'unciional ¢urren¢y of th¢ company and rounded to the nearesi £ l. 2.2 Incom rng resourees Donations and ills Voluntarv incoTn¢ received by wav ot donations and gifts Lo the charity is included in full in thc Stateinent of fiiiancial Activitics. 2.J Going concern The'frusltt have considered that tliere are no niaLerial unccrtaintics about the cliarity's ability to coiitinue. 2.4 Judgements key Sollrces of estimation uncertainty In the application of the chatity'S CLounting policics. thc Irustecs are rcquircd io mak¢ judg¢m¢nls (aP¢iil friiin thuse inv()Iving estiniatcsl. cstimalcs and assuinplions dboul Ilie canying amount of assets and liabilitics tlial are not readily apparent Ironi otl)cr SOUILes. The esiimatei aiid associated assumptions arc based on historical cxp¢ri¢nce and other laclors that ai¢ ¢vnsidcr¢d 10 be relcvaiit. Actual r¢sults may dil'ler trom Ihese Lstitnates_ These estimates and underlying assui)Iptions arc reviLW'¢d on ai) ongoiiig basis_ Kevisiunb t() accouniing estimates are rccognised in thc pcriod in which the ¢stimale is rcviscd ivhcrc th¢ revision affects only that pcriod. or in thc revision and ftslure period ii'here revision affects both current and luture periods. 3. Average Number of Employee5 Average number ol-emplovees, including TrustCe5. during the year was as follows- NIL {2023: NIL) Page 8
The Smytli Chxritable Trust Notes to tlie Financial Statements For The Yer Ended 31 October 2024 Notes to the Financial StaLeinents continued... 4. Charitable Donations 2024 2023 Operation Mobilisation Smiles Foundation International Justice Missio 2iO,000 50.000 i),000 10.000 100 Ballymoney Foodbank Care for the Familv Christian5 Against Povcrty Morocco Earthquake Crosstire Trusr Fields ot LilL Scripturc Unioii Nl AghadoivL)' Presbvterian Church Air Ambulance Nl Christian Aid 2).000 10.000 i,000 i,000 i.000 100 4,000 400 100 E.iodus New Horizon 200 1.000 i,000 iO.000 100 2.iOO 2),000 Open Doors Cyuysiiiere Trust Blythsivood Carc Love tor Lite Sports Academy 203.iOO 300.000 ). Examiners, remuneration 2024 2023 Examination ot financial stateincnl 480 1.080 480 1.080 6. Creditors: Amounts Falling Due Within One Year 2023 2022 Accruals and deferred incoine 900 1,840 900 1,840 PagL 9
The Smyth CharitAble Trust Notes to the Financial SIAtemcnts For The Yer Ended 31 October 2024 Notes to tlie Financial Statenicnls continued... 7. Company limited by guarantee The company is limited by guaraiitee and lias i)0 sharc capital. Every meinber oFthL coinpanv undertakcs lo contribute io th¢ assets of ihe company, in the event of a winding up, such an amount a may be required not exceedinvt £ l. 8. Taxation The company is a registered chariiy. and as such is entitled to ctrtain tax Lxttnptions on incom¢ and proFIts from investments, and surplLlSCS on an}, trading actiyitics carriLd on in furthcrance ol the chariiv's primary (>bjeLtive& if thesc profit5 and surpluses arc supplicd solcl). for chaTitable purposes. 9. Trustees, Emoluments Tlie triistetis neithLr reLcivcd nor waiv¢d anv cmoliimcnts during the y¢ar l?023-. Nill. No oui_ol-pocket ¢%pen.%e% ii.-ere reimbursed to trustees duriiio thL ycar {2023.. Nill. 10. RelAted Party Transactions During the vear tnere werL no donations ere m£lde to the charitv by trustces 12023.. Nill. I l. Capital Comm itment5 At 3 ISt Octobei- ?024 there i¢re no commitmeiits for capital expendilur¢. 12. Ultimate Controlling P¢irty The charity is controlled by ihc board of trusices and the Iruslces ¢onfim tliere is no ultimate controlling party. Pagc 10
The Sfftyth Charitable Trust Detailed Ineome And Expenditure Account 2024 1023 Administrative Expenses Accouniancy fees Bank charges Charitable donaiions 480 1.080 60 203,iOO 300.000 1204,040} {301.1121 Other OperAting Income Donaiions Interest receivable 9,703 1,948 9.703 1,948 OPERATIIYG (DEFICIT)ISURPLUS AND (DEFICITIISURPLUS FOR THE FINAiYCIAL YEAR (194,3371 (299,1641 Pa(Jt I I