Charity Number: 108550 Charitable Donations of Richard Jackson of Forkill in the County of Armagh Annual Report and Unaudited Financial Statements for the financial year ended 31 December 2023 John Macmahon & Co Chartered Accountants and Registered Auditors 112 Camlough Road Newry Co. Down BT35 7EE Northern Ireland
Charitable Donations of Richard Jackson of Forkill in the County of Armagh CONTENTS Pago Reference and Administrative Information Trustees, Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9-13
Charitable Donations of Richard Jackson of Forkill in the County of Armagh REFERENCE AND ADMINISTRATIVE INFORMATION Trustees Mr Michael Barrow Dr. Laurence Swan (Resigned 9 March 2024) Mrs. Alicia Catherine T1hurSt Mr. John Eveson Mrs. Sharon Lesley Diane Eveson Archbishop ofAmiagh Mr William Chambre Ms Emffla Harte Mrs Sarah Eveson-mulligan Mrs Lindis Lennox Conyngham Miss Rita Arthur {AppDinted 13 May 20231 Mr. Robert Bell (Appointed 13 May 2023) Mr. David Gray (Appointed 2 September 2023) Charlty Numbor In Northem Ireland 108550 Prlncipal Address 7a Slation Road Jonesborough Co. Armagh BT35 8JH Independent Examiner John Macmahon & Co Chartered Accountants and Registered Auditors 112 Camlough Road Newry Co. Down BT35 7EE Northern Ireland Princlpal Bankers Bank of Ireland 12 Trevor Hill Newry Co. Down BT34 1DN Northem Ireland
Charitable Donations of Richard Jackson of Forkill in the County of Armagh TRUSTEES, REPORT for the financial year ended 31 December 2023 The trustees present their Trustees. Report and the unaudited financial ststements for the financial year ended 31 December 2023. The financial statements are prepared in accordance with the Charitie5 Act (Northem Ireland) 2008, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Chajities.. Statement of Recommended Practice applicable to charities preparing their financial slatements in accordance with the Financial Raporting Standard applicable in the UK and Republic of Ireland (FRS 102}. The Trustees, Report contains the infomiatlon required to be provided in the Trustees, Annual Report under the Slatèment of Recommended Practice (SORP} guidelines. The trustees of the charity are also charity trustees for Ihe purpose of charity law and under th8 charity's constitution are known as members of the board of trustees. In this report the trustees of Charitable Donations of Richard Jackson of Fort<ill in the County of Amagh present a summary of its purpose, governan, a¢tivities, achievements and finances for the financial year 31 December 2023. Mission, Objectives and Strategy Objectives Compliance with Public Benefit The Charity Tnjstees have had regard to the Charity Commission for Northern Ireland's statutory public benefit guidance to ensure that activities entered into during the year have helped to achieve the charity aims and objectives as well as providing public benefit. The charitsble trust was set up on 25 May 1789 following the death of Richard Jackson Esq. by an Act of Padiament for the clothing and educating of children of the Church of Ireland, making a decent provision for old tradesmen or farmers and to propagaling the Christian Religion in the East. With the passing of time changes have been made to the categoriès by resolution passed by the board. The charity makes contributions to schoo15, donalions to Southem Area Hospice Services, Help the Homeless (food bank) and CMSI. structure, Governance and Management Structure Governing Document The principal document regarding governance of the charity is the will of Richard Jackson agrd under an Act of Parliament in May 1789. The charity is an unincorporated organisation. Organisational structure The trustees are responsible for the day to day running of the charity. The board of trijstees hold meetings quarterfy throughout the year. The board of trustees should consist of twelve volunteers elected each year at an Annual General Meeting. New trustee appolntments are either from the younger generation of previous trustees or are recommended to the board of trustees based on association with the charity and Its aims. Review of Activities, Achievemants and Performance During the financial yearth8 charity has -donated to the Southem Area Hospice Services and North Louth Hospice; -contributed to the Newry Food Initiative., -given an educational payment to support a number of disadvantsged ix)ys and girts attending St. Nicholas Pre School, Forkhill Playgroup and DunDealgan National School,. onated to CMSI (for aid to the Diocese of North Kivu DRCI to help females in distress- -donated to Women's Aid., -donated to Simon Community Dundalk., 4onated to The Bishop's Appeal forthe earthquakes in Turkey and Syria. FSnancial Review The results for the financial y8ar are set out on page 7 and additional notes are provided showing incorne and expenditure in greater detail. Income During the financial year the charity continued to raise funds via renlal incom8 and divid8nd and interest income from investments.
Charitable Donations of Richard Jackson of Forkill in the County of Armagh TRUSTEES. REPORT for Ihe financial year ended 31 December 2023 Results At the end of the financial year the charity has assets of £596,925 (2022 - £597.0391 and liabilities of £3.081 (2022 - £3,486). The net assets of the charity have Increased by £291. R8serves Posltlon and Policy The charity had restricted resejves of £593,844 at 31 December 2023 (2022: £593,553}. There were no unrestricted reserves at the year end. The overall objectives are to create sufficient Income and capital growth to enable the charlty to carry out its purposes consistently year by year with due and proper consideration for fvtU needs and the maintenance of, and if possible. enhancement of the value of invested funds while they are retained. Approved by the Board of Trustees on 31 August 2024 and slgned on Its behalf by: Mr Wllliam Chambre Trustee Eveson rus
Charitable Donations of Richard Jackson of Forkill in the County of Armagh INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF CHARITABLE DONATIONS OF RICHARD JACKSON OF FORKILL IN THE COUNTY OF ARMAGH We have examined the financial staternenls of the charity for the financial year ended 31 December 2023, which comprise the Statement of Financial Activities. the Balance Sheet and the related noles. This report is made solely to the charity's members, as a body. in accordance with the Charities Act (Northem Ireland) 2008. Our work has been undertaken so that we might compile Ihe financial statements thal we have been engaged to compile, report to the Board of Trustees Ihat we have done so. and state Ihose matters that we have agreed to state to them in this report and for no olher purpose. To the fullest extent pemiitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members, as a body, for our work, or for this report. Respectlve responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the financial statements in accordance with the requirements of the Charitie5 Act {Northem Ireland) 2008. The charity's tnjstees consider that an audit is not required for this financial year under the Charities Act (Northem Ireland) 2008 and that an independent examination is required. It is our responsibility to= examine the financial ststements under section 65 of the Charits'es Act., follow the procedures laid down by the general Directions given by the Charty Commission for Northern Ireland under section 6519){b} of the Charities Act; and state whether particular matters have come to our attention. Basis of independent examiner's report We have examined your charity financial statements as required under seclion 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 6519){b) of the Charities Acl. An examination indudes a review of the accounting records kept by the charity and a comparison of the financial statements presented those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair, view and Ihe report is limited to those maliers set out in the stalement below. In connection with our examination, rK) matter has come to our attention vthich gives us cause to believe Ihat in, any material respect". accounting records were not kept in accordance wtlh section 63 of the Charitses Act the financial statements do not accord with those accounting records •• there is further infom)ation needed for a proper understanding of the accounts to be reached. Independent examlner's statement We have no concems and have come across no other matters in connection with the examinalion to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Jo MACMAHON & CO rtered Accountants and Registered Auditors 2 Camlough Road Newry Co. Down BT35 7EE Northern Ireland Date: 31 August 2024
Charitable Donations of Richard Jackson of Forkill in the County of Armagh STATEMENT OF FINANCIAL ACTIVITIES forthe financial year ended 31 December2023 Restrlcted Funds 2023 Total Restricted Funds Funds 2023 2022 Totsl Funds 2022 Notes Income Charitable activities Grants from govemrnents Investments Other income 600 17,087 3,962 600 17,087 3,962 18,Q80 3,962 18,080 3,962 Total income 21,649 21,649 22,042 22,042 Expenditure Charitable activities Other expenditur8 12,068 6.126 12,068 6,126 22,360 8,315 22,360 8,315 Total Expenditure 18,194 18.194 30,675 30,675 Net gainsl(losses) on investm8nts (3,164} (3,164) 30,530 30,530 Net incomel{expendllure) 291 291 21,897 21,897 Transfers behve8n fijnds Net movement In funds for the financial year Reconeiliation of funds.. Total funds beginning ofthe year 291 291 21,897 21,897 12 593,553 593,553 571.656 571,656 Total funds al the end Df the year 593,844 593,844 593,553 594,553 The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing activities. The notes on pages 9 to 13 form part of the finanaal statements
Charitable Donations of Richard Jackson of Forkill in the County of Armagh BALANCE SHEET as at 31 December 2023 2023 2022 Notes Fixed Assets Tangible assets Investments 210,000 366,495 210,000 363,258 576,495 573,258 Current Assets Debtors Cash at bank and in hand 2.481 17,949 1,363 22,418 20,430 23,781 Credltors: Amounts falllng due withln one year 10 (3,081) (3,486) Net Current Assets 17,349 20,295 Total A550ts less Current Liablllties 593,844 593,553 Fund5 Restrioted trust funds 593,844 593,553 Total funds 12 593,844 593,553 Approved by the Board of Trustees and authorised for issue on 31 August 2024 and sign Its behalf by Mr William Chambre Trustee Eveson The notes on pages 9 to 13 foTm part of the finanryal stalements
Charitable Donations of Richard Jackson of Forkill in the County of Armagh NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2023 GENERAL INFORMATION Charitable Donations of Richard Jackson of Forkill in the County of Amiagh is a charity located in Northem Ireland. The financial statements have been presented in Pound Sterling 1£) which is also the functional currency of the charity. Tho financial statements cover the individual entity Charitable Donations of Richard Jackson of Forkill in the County of Armagh for the year ended 31 December 2023. The charity is a public benefit entlty. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consislently in dealing with items which are considered material in relation to the charity's financial statements. Basls of preparation The financial stalements have been prepared on th8 going concern basis under th8 historical cost convention, modified to include certain items at fair value. Statement of compliance The financial statements are prepared in accordance with the Charitles Act (Northem Ireland) 2008, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ir8land' and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial R8POrting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective 01 January 2019). Fund accountlng The followlng are the categories of funds maintained: Restrlcted funds Restricted funds represent income received which can only be used for particular purposes. as specified by Ihe donors. Such purposes are within the overall objectives of thé charity. Unrestrfcted funds Unrestrict8d fvnds consist of General and Designated funds. General funds represent amounts which are expendable at thé discretion of the board, in furtheran of the objectives of the charity. Designated funds comprise unrestricted funds that the board has, at its discretion, set aside for particular purposes. These designations have an administrative purpose only, and do not legally restrict the board's discretion to apply the fund. Income Income is recognised by inclusion in the Statement of Financial Activities only when the charity is legally entitled to the income, performance conditions attached to the itemls) of income have been met. the amounts involved can be measured with SLfficient reliability and il is probable that the income will be received by the charity. Income from charltable actlvities Income from charitable activities include income eamed from th8 supply of services under contractual arrangements and from performance related grants which have condits'ons that specify the provision of particular services to be provided by the charity. Income from govemment and other co-funders is recognised when the charity is legally entitled to the income because it is fulfilling the conditions contained in the relaled funding agreements. Where a grant is received in advance, its recognition is deferred and included in creditors. Where entittement occurs before income is received, it is accrued in debtors. Expenditure Expenditure is anaSed beeen costs of charitable activities and raising funds. The costs of each activity are separately accumulated and disclosed, and analysed according to their major components. Expenditure is recognised when a legal or constructive obligation exists as a result of a past event, a Iransfer of economic ben8fits is required in settlement and the amount of the obligation can be reliably m8asured. Support costs are those functions that assist the work of the charity but cannot be attribut8d to one activty. Such costs are allocated to activities in proportion to staff time spent or other suitable measure for each activity-
Charitable Donations of Richard Jackson of Forkill in the County of Armagh NOTES TO THE FINANCIAL STATEMENTS )ntinued for the financial year ended 31 December 2023 Cash at bank and in hand Cash at bank and in hand comprises cash on deposil at banks requiring less than three months notice of withdrawal. Investment properties Investment propety is propety held either to eam rental income, or for capital appreciation (including future re4evelopment) or for both, but not for sale in the ordinary course of buslness. Investment property is Inltially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment propety is subsequently valued at its fair value at each reporting date, by professional external valuers. The difference between the fair value of an investrnent propety at the reporting date and its carrying value prior to the valuation is recognised in the Statement of Financial Aclivilies as a fair value gain or loss. Any gain or loss on disposal of an investment property {calculaled as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Statement of Financial Activities. Investments Investments held as fixed assets are stated at cost 18ss provision for any permanènt diminution in value. Income from other financial fixed asset investrnenls together with any related tax credit is recognised in the profit and loss account in the financial year in which it is receivable. Investments in listed companies are held at fair value at the balance sheet date. The fair value of the listed investments are detemiined by a third paty financial advisory firm. Dobtors Debtors are recognised at the sethernent amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounls due. Income recognised by the charity from govemment agencies and other ccpfunders, but not yet reiVed at financial year end, is included in debtors. Creditors Creditors and provisions are cOgniSed where the charity has a present obligation resulting from a past event, which will probably result in the transfer of economic value to a third party, and the amount due to settle the obligation can be reliably measured or estimated. Creditors and provisions are normally reGognised at their settlement amount after allowing for any trade discounts due and at their present value where the time value of money is deemed signrficant. Funds already received from govemment agencies and other Co-founders that do not me8t the criteria for recognilion as inmm8, are shown in creditors. Cash at bank and In hand Cash at bank and in hand comprises cash on deposit at banks requiring less than three months notice of withdrdwal. Taxatlon No current or deferred taxation arises as the charity has been granted charitsble exemption. Irrecoverable valued added tax is expensed as incurred. INCOME CHARITABLE ACTivrfiES Unrestricted Restricted Funds Funds 2023 2022 Grants from governments and other co-funders: Govemment Grant 600 600 INVESTMENTS Unrestricted Restricted Funds Funds 2023 2022 Dividends Interest 12,462 4,625 12,462 4,625 15,598 2,482 17,087 17,087 18.080 10
Charitable Donations of Richard Jackson of Forkill in the County of Armagh NOTES TO THE FINANCIAL STATEMENTS continued forthe financial year ended 31 December 2023 OTHER INCOME Unrestrictfrd Restricted Funds Funds 2023 2022 Rent 3.962 3,962 3,962 EXPENDITURE CHARITABLE ACTIVITIES Direct Costs Other Costs Support Costs 2023 2022 Expenditure on charitable activites Charitable Donations 1,428 9,000 1,640 3,068 9,000 7,860 14,500 10,428 1,640 12,068 22,360 OTHER EXPENDITURE Dlrect Costs Other Costs Support Costs 2023 2022 Rates Insurance Other Expenditure Investmant management costs 942 1.817 13 3,212 942 1,817 155 3,212 5,003 572 {54) 2,794 142 5,984 142 6.126 8,315 NET INCOME 2023 2022 Net Income is stated after chargingl(creditingl: Independent Examinevs remuneralion= independent examination services 1,500 5,946 INVESTMENT AND OTHER INCOME 2023 2022 Rent receivable Investment income Surplus on disposal of investments 3.962 17,087 16.841 3,962 18,080 154 37.890 22,196 TANGIBLE FIXED ASSETS Investment properties Total Cost or Valuation At 31 December 2023 210,000 210,000 Net book value At 31 December 2023 210,000 210,000 At 31 December 2022 210,000 210,000 11
Charitable Donations of Richard Jackson of Forkill in the County of Armagh NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 December 2023 INVESTMENTS other Investments Total Investments Cost At 1 January 2023 Additions Disposals Revaluations 363,258 102,695 179,454) 120,004) 363,258 102,695 (79,454) (20,004) At 31 Decembar 2023 366,495 366,495 Net book value Al 31 December 2023 366,495 366,495 At 31 December 2022 363,258 363,258 DEBTORS 2023 2022 Prepayments and accrued income 2,481 1,363 10. CREDITORS Amounts falling due within on8 year 2023 2022 Accruals and deferred income 3,081 3,486 11. RESERVES 2023 2022 At the beginning of the year Surplus for the financial year 593,553 291 571,656 21,897 At the end of the year 593,844 593,553 12. FUNDS 12.1 RECONCILIATION OF MOVEMENT IN FUNDS Restricted Funds Totsl Funds At l January 2022 Movem8nt during the financial y8ar 571,656 21.897 571,656 21,897 At 31 December2022 Movement during the financial year 593.553 291 593,553 291 Al 31 December 2023 593,844 593,844 12.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance Income Expenditure 1 January 2023 Transfers between funds Gains and Balance losses 31 December 2023 Restricted funds Restricted Total funds 593,553 593,553 21,649 21,649 38,199 38,199 16.841 16,841 593,844 593,844 12
Charitable Donations of Richard Jackson of Forkill in the County of Armagh NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 December 2023 12.3 ANALYSIS OF NET ASSETS BY FUND Fixed assets - charity use Flnanclal fixed assets Current assats Current liabilities Total RestrTcted trusl funds 210,000 366,495 20,430 (3,081) 593,844 210,000 366,495 20,430 (3,081) 593,844 13. TRUSTEES, REMUNERATION The trustees did not receive a remuneralion in this or the prior financial year. During the financial year certain ten trustees were reimbursed a total of £328, the treasure received £500 and the secretary received £600 for travelllng and disbursemenl costs. 14. RELATED PARTY TRANSACTIONS There aré no related party transactSons during the period 31 December 2023 (2022:Nil). 13