Louvain Development (N.1.) Trust- The
Company Limited by Guarantee
Trustees, Annual Report {Incorporating the Director's Report)
Year ended 31 December 2023
The trustees, who are also the directors for the purposes of company law, present their report and the
unaudited financial statements ofthe charity for the year ended 31 December 2023.
Reference and administrative details
Reglstered charity name
Louvain Development (N.1.) Trust- The
Charity registration number
NIC108394
Company registratlon number N1025153
Principal offlce and reglstered 22 Great Victoria Street
office
Belfast
BT2 7BA
The trustees
Robert McKay
Gerald Loughran
Malachy Vallelly
Company secretary
Robert McKay
Independent examlner
Jonathan Dlckey FCA
22 Great Victoria Street
Belfast
BT2 7BA
structure, governance and management
The Charity is a charitsble company limited by guarantee and was incorporated on 20 December 1990.
It is governed by a memorandum and articles of association.
Due to the nature of the charity truslees are appointed on the basis of their relevant expertise.
The Board is reviewed annually to ensure that the appropriate mix of skills is maintained and to identify
if any further skills are requiTed to ensure the company focuses on its core work.

Louvain Development (N.1.) Trust- The
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (continuedj
Year ended 31 December 2023
Training
Trustees are already familiar with the practlcal work of the charity and are Invlted lo attend charitable
membership awareness events and governance training and seminars.
New trustees are required to participate in governance training organised annually.
Objectives and activities
Principal activity and business review
The principal activity of the Charity is the advancement of education of the people of Ireland by the
provision, enGouragement and promotion of education instruction or training into the European
Economic Community and into European matlers generally (including politics, social science,
economics, educational systems, languages, culture, science, orany other fields connected with Europe
or the peoples of Europe suitable for study) and so by such education instruction and training to develop
within Ireland a better understanding of mainland European affairs.
Misslon statement
In the pursuit of its objectives, the Charity has a particular focus lo foster and promote voluntary work in
connection with or incidental to research carried on into the above by the Irish Institute for European
Affairs at Louvain.
The directors are satisfied with the project to date and the results are in line wlth expectations.
strateglc report
The following sections for achievements and performance and financial review form the strategic report
of the Charity.
Flnanclal review
Funding is sourced from benefactors wlth a particular interest in assisting to further the aims of the
Charity,

Louvain Development {N.l.) Trust- The
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) fcontinued)
Year ended 31 December 2023
Financial review {contlnued)
Reserves policy
The trustees have examined the charity's requirements for reserves in light of the main risks to the
organisation. Since the Charity owns no assets, does not have paid staff and minimal operating costs,
the policy is to ensure that the Charity's bank balance always remains in credit and that no commitments
are ever made for spending without having first secured adequate donations.
Plans for future years
The charity plans continuing Ihe activities outlined above in future years.
The trustees, annual report and the strategic report were approved on 23 September 2024 and signed
on behalf of the board of trustees by..
Mr Robert McKay
Trustee