5Ten Trust STATEMENT OF FINANCIAL ACTIVITIES l¢Y the financial Per1￿j ended 30 June 2023 Unf•Strfct•d Fund• Jun 23 Total Fund• Jun 23 Not•s Income Donatlon8 and legacl88 Other Incoma 5.1 1,250,000 36,190 1,250,000 36.190 Total In¢om• 1,286,190 1.286.190 Expendltur• Charftable actlvllle8 79,227 79.227 Net galn&l(loss8s) on Invastments 8,309 8.309 N•1 Incom￿1•xP•ndItUT•) 1,215,272 1,215.272 Tran8ler8 betrwe8n lunds N•1 movem•nt In lund• for th• finan¢l•l p•rfod 1.215.272 1.215,272 Total lund8 •t th• and of th• ￿ar 1,215,272 1,215,272 The Statement of Flnanclal Acllvities indudos all galns and1088e8 r8cognlsed In the financial parlod. All Income and expenditure relate to contlnuing actlvltlas. The notes on pages 1310 16 lomi part ol the ffinanclal $t8tgments 10 5Ten Trust BALANCE SHEET as at 30 June 2023 Jun 23 Notss Flxod Assets Inveslments 1,078,271 Curr•nt As••ls Debtors Cash at bank and in hand 1,823 138,778 10 140,601 Cradllors: Amount• falllng du• wlthln ono y•ar 11 (3.6001 N•t Cuff•nt A•8•ts1{Llabllltlas) 137,001 Total A81•ts1••8 Curr•nl Llablllti 1.215,272 Fund• General fund (unro8trkted) 1,215,272 Totsl fund• 13 1,215,272 The flnanclal stataments have been pr8par8d In accordance w6th the provlslons applicable to ￿mPanIeS subject to the small companios, reglme and In acexKdanc8 vAth FRS 102 The Finandal Reporting Standard appllcabte in the UK and Republlc of Ireland., applying Sactlon 1A of that Standard. Approv•d by th• Bo•rd ol Tru8t••s and authorl••d for188u• on b•half by Apr 29, 2024 Louise McElvaney and •lgn•d on Il• Sean Mc Daid 8•an McDald Trust•• Louise McElvaney Loul8• McElvan•y Trust0• The notes on pages 1319 16 fr)nn part of tha flnanclal statements 11 5Ten Trust STATEMENT OF CASH FLOWS for the financial period end•J 30 June 2023 Jun 23 Notas Cash flows from op•ratlng actlvOlle• N8t movern8nt in lunds Adjustments for.. Gains and bsses on Inv8Stm8nts 1,215,272 (8.3091 1,206,963 Movements in worklng capltal,. Movement in debtors Movement In credllorn (1,8231 3,600 Ca8h generated from operallons 1,208,740 Cash Ilows Irom Inve8tlng acllvltl•• Payments to acqulre investments R￿eIptS from sales ol Investments (1,078,271 8,309 Net cash (used inygeneraled from Inv88tment actlvltles (1.069,962) Cash and ca•h oqufv•l•nts at the end ol the y•ar 10 138,778 12 STen Trust NOTES TO THE FINANCIAL STATEMENTS for the financial period end￿j 30 June 2023 GENERAL INFORMATION 5Ten Trust is a Charfty reglstered in Northern Ireland. The register8d office of the charity is Gale Lodge, InflmKry Road, LondondeTry. BT48 7HH, United Klngdom whlch is a180 the princlpal place of bu&ine88 of Ihe charity. The financial statements havo been presented In Pound (£) Is also the functional currency of the charlty. SUIAMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting polldes have b8en applled con8iStantly in deallng vAth items which are consldered material in relatlon to the charlws financial stalements. Basts of preparatlon The financi81 stslements have been prepared under the hlstorlc41 cost convention, modlfied to include certaln items at falr value. Th8 financial statements have been pr8par8d in accordance wlth the Statement of Recommonded Practice (SORP) 'A¢countlng and R8portlng by Charflles preparlng their accounts in arxordance with the Flnanclal Reportlng Standard applicable In th8 UK and Republic of Ireland FRS 102., apptylng Section 1A of that Standard. A8 perniltted by the Companles Act 2006, tho charity has varled the standard fomiats In that act for the Statement of Flnanclal Actlvlll85 and the Balance Sheet. Departures from tho Standard formats ar6 to comply wllh the requlrem8nls of the Charltles SORP and are In compliance wlth sectlon 4.7, 10.6 and 15.2 of that SORP. 8tal•mont of compllanc• The financlal slalemenls of the d)arlty for the fflnanclal period endod 31 December 2017 have been prepared on th8 ￿Ing ¢onc8m basig and In accordance vAth the Statemont of Recommended Practlca ISORP) 'A¢¢ounting and Reportlng by CharftSes preparing thelr accounts In accordance wlth the Flnanclal Reportlng Standard appllcable In th8 UK and Republlc of Ireland FRS 102", applylng Sectbon 1A of Ihat Standard, Fund accounllng The followlng are the categorles of fund8 maintalned: Re8lrlcted fund• RestrScted fund3 represent income recofved whlch can only be used for partlcular pu￿0989, 88 speclfled by the donors. Such purposes are wlthln the overall oblectlves of Ihe charlty. Unr••lrf¢t•d fund• Unreslrlcted funds con8181 of Goneral and De8lgnated lunds. General lund6 represent arnounts whlch are expendable at the dlgcretk)n of Iho board, In furtherance of tho oblectlve8 of the charfty. D88lgnat8d funds comprfse unreslrlcted funds that th8 board ha8. al Sts dlscretlon, set aslde for partlcular purposes. The88 destgnatlons have an administrative purpose only, and do not legally restrfct the boaid's discretion to apply the fund. In¢om• Income 18 recognlsed by inclusion In the Staternent of Flnancial A¢livltl98 only when the charfty 18 18gally entllled to the income, perfom)ance condltlons attached to the Item(s) of Income have been m8t. th8 amounts Involved can be measured wlth suffiGionl rellabllity arml It Is probable that Ihe In￿rne wlll be raceived by the Charlty. Incom• from charltabl• adlvlll Income from charitablo acllvltlos Incknde Income earned from the supply of 8orvl¢e8 under contractual arrangemenls and from perfomance relaled grants whlch have condition8 thal speclty the provision of particular Sgivices to be provided by the charity. Income from government and other co-funders is re￿gnISed when the charily is18gally enlilled to the Incorne because It is fulfilling the conditions contsined In the related funding agreements. Where a grant 19 rec81v8d in advance, its recognition is deferred and included in ¢redhors. Whoro entltlement occurs before incorne 18 recelved. It Is accrued in debtors. Grants from govemrnenl8 and olher co-funders typlcally Include one ol the followlng t>pes of ￿nditions.. Perfomiance ba8ed conditk>n8'. whereby Ihe charlty Is ￿￿traCtuallY entitled to fvndlrg only to the extent that the corg objecllves of the grant a￿eement arè achlev8d. Where the charity is meeting the core obhctlves of a grant agreemenL il re￿gnIseS the relaled expendlture. to Ihe extenl that It is reimbursable by the donor, as income. 13 5Ten Trust NOTES TO THE FINANCIAL STATEMENTS conlinued lor the financlal period ended 30 June 2023 •Time based conditk)n8: wherèby tha charlty is contractually entitled to funding on the condltb)n that It 1$ utilised in a particular perfod. In these cases the charity r•cogni$e$ thè Incnme to the 8Xtent it is ulilised within the period specified In the agreement, In the absence of 8ud) condllions, assumlng Ihal receipt is probable and the amounl can be rellably measured. grant Income is recognlsed once th8 charity is nolified of entltlement. Grants received towards capital axpendlture arè cr8dlt8d to the Statement of Flnanclal Aclivities when recelved or re¢eNable, vA)l¢hever Is eadler. Exp•ndllure Expendlture Is analysed between costs of Chadtable activities arKI raising funds. The costs of 8ach aclivity are separately 8ccumulated and dlsclosed, and analysed acc￿￿1ng to thelr major components. Expendlture is recognised when a legal or constructlve obllgalion 8xists 88 a re8uIt of a past event, a transfer of economlc beneflts18 requlred In settlom8nt and the amount of the obllgatlon can be reliably measured. Support costs are those functlons thal as$i8l Ihe work of the charlty but cannot be attrlbuied to on8 acllvlty. Such costs are allocated lo activilles In proportlon to staff time spenl or other su•lable measure for each activlty. Inve8lments Investment8 held as fixed as8et8 are 8tated at cost less Fyovlslon for any pgrn)anent dlmlnullon in value. Incom8 from other llnanclal fixed asset inve8trnents tog8lher with any related tax credit is recognl8ed In the profit and loss account In the financial perlod in whlch Itlg recelvable. D•btarn Deblots aro recognlsed at the 88tt18m8nt amount du8 after any dl8count offered. Prepa￿￿ents are valued at the amount prepald net of any trade dlscounts du•. Income re¢ognls8d by th8 chaTity from govemment agencles and other co-fundern, bul not yet recelved at flnanclal perfc#J end. is included kn debtors. Grants payable Grants are recognlsed In the accounts as Ilabllltle8 after they have been approved by Ihe trustws evan If there are condlllons attAch•d to them. Th1818 becau88 there Is a valld expe¢tstSon by the reclplents that they wlll r8c*ivo tho grant. Cash at hnk and In hand Cash at bank and in hand comprl8e8 ca8h on deposlt at banks requwlng le88 than Ihree month8 notlce of wlthdrawal. T•xatlon and def8rr•d taxatlon No current or deferred taxation afl8e8 88 the charlty hes been Gyanted charttable exemption, Irrecoverable value(l added tax18 exp8nsed as Incurred. Deferred tax Is recognised in resped of all tlmlng dlfferonces Ihat hava orfglnal8d but not reversed at the balance sheet dato whore transactlons or events have occurred at that date thal VAII r•gull in an obllgallon to pay more tax In the future, or a right lo pay less lax In the future. Tlmlng differences are temporary dlfferences bètween the charitys t8xabl8 profits and Its results as stated In the financlal statements. Deferred tax is measured on an undlscounted basss al the tax rates that are 8nllclpated to apply In the perlod8 In whlGh tha tlmlng dlfferences are expected to reverse, based on tax rates and laws that have been enacted or substsntlvely 6nacled by the balanGe $heot date. For•lgn ¢urren¢l•• The financi81 statements are prepared In Pound (£) which is the lundlonal currency of the charfty. Forelgn currency transactions are recorded In Pound at the rate ruling on the date of the transaction. Monetary oS$ets and liabllitles denomlnaled in forelgn curr8ncies are translated Into Pound at th8 balanc4 sheet dale. The sultlng gains and losses are dealt wlth in the Statem8nt of Flnandal Activili88. Flnanclal In8lrumwts The Irust only has financial assets and financial liabilit*s of a khd that quallfy as basi¢ finandal Inslruments. Basic financlal Instfuments are Inltially recogni88d at Iransacti¢Jn price and subsequently measured at thelr settlement value. unless the arrang9ment constitut85 8 financing Ifansaction. Financing transactions are initially measured at the present value of the futur8 rec8iPts discounted al a market rate of intefest. and are subsequently carrled at amortlsed cost. uslng the effective inleresl raie method. 14 STen Trust NOTES TO THE FINANCIAL STATEMENTS contlnued for th8 Ilnanclal p8riod ended 30 June 2023 PERIOD OF FINANCIAL STATEMENTS The financial statemenls are for the 16 month perfod ended 30 Jun8 2023. PROV1810NS AVAILABLE FOR AUDITS OF SMALL ENTITIES In common with many other charlty of our Slze and nature, we u8e our audliors to assist with the preparallon of tha financial statement8. INCOME DONATIONS AND LEGACIES Unr••trlcl•d Re8trlcted Fund• Fund• Jun 23 Donatlon8 and lega¢Ees 1,250,000 1,250,000 OTHER INCOME Unr••trf¢l•d R•strlctsd Fund• Fund• Jun 23 Oth•r income 36,190 36,190 NET INCOME Jun 23 N•t In¢om•18 1tal•d aft•r charglngl(¢rodlllng): Audllo¢s remunerntion: - audit 8eDAce8 3,600 INVE8TMENT AND OTHER INCOME Jun 23 Sundry incom8 Surplus on dlsF)08al of Inv8slm8nts 36,190 8,309 44,499 INVESTMENf3 Oth•r Inve•tment• Total Inv••tm•nts Cost Addllion8 1,078.271 1.078,271 At 30 June 2023 1,078,271 1.078,271 N•t book valu• At 30 June 2023 1,078,271 1,078,271 DEBTORS Jun 23 Trade debtors 1,823 10. CASH AND CASH EQUIVALENTS Jun 23 Cash and bank balances 138,778 15 5Ton Trust NOTES TO THE FINANCIAL STATEMENTS continued for the fjnancial perro(l ended 30 June 2023 11. CREDITORS Amount• fallln9 du• wlthln one y•ar Jun 23 Accruals and deferred income 3,600 12. RESERVES Jun 23 Surplus for Ihe financial period 1.215372 At the end of Ihe year 1,215272 13. FUNDS 13.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrn8trlct•d Funds Total Funds At 18 March 2021 At 17 March 2022 Movement durlng tha financlal year 1,215.272 1,215,272 At 30 June 2023 1,215,272 1,215,272 13.2 ANALYSIS OF MOVEMENTS ON FUNDS InGom• Exp•ndltur• Tfan8f•r• b•lwMn funds Galn• and IosB•• Balan¢0 30 Jun• Jun 23 Unr•strl¢t•d funds Unrestrkled G8nor81 1.286.190 79.227 8,309 1.215,272 Tot•1 lund• 1,286,190 79.227 8,309 1,215,272 13.3 ANALY318 OF NET ASSETS BY FUND Flnanclal fixod a88•1$ Curront aM•t• Curr•nt Ilabllltl•• Totsl Un￿StrICted gèn8fal funds 1,078.271 140.601 13,600) 1.215,272 1,078,271 140,601 (3.600) 1,215,272 14. RELATED PARTY TRANSACTIONS There were no Iransadlons wllh related parties in Ihe year. 15. POST4ALANCE SHEET EVENTS There have been no significant evenls affeding th8 Charity $lnc8 Ihe fin8nL?al perfod4nd. 16. ULTIMATE CONTROLLING PARTY Ther8 Is no ultimate controllirvJ party.