The Thomas Trust Trustees, Annual Report & ReIPtS and Payments Accounts for the year to 3113124 Registered with the Charity Commission for Northern Ireland NIC108589
The Thomas Trust - Trustees, Report 1 April 2023 - 31 March 2024 1. Summary of Activities During the year to 31 March 2024 The Thomas Trust continued its normal activity of making grants in line with its objects, as outlined in the Declaration of Trust dated 12 October 1989, in particular the advanment of the Christian faith. To this end grants were made in January 2024 to Tearfund {Nl) (£2,000) and Good News for Everyone! (£1,000). The income of the Trust historically came from rental income relating to a 119th share of the property at Thomas House, 14-16 James Street South, Belfast. Following the sale of Thomas House during the year to 31 March 2023, the net proceeds We invested by Investec. This investment, referred to as The Thomas Trust (Charitable) with reference number THOMA0617, is the primary asset of the Trust. During the year a transfer of £2,300 was made from the investment account to the bank account to enable the grants to be made. The investment fund performed well during the year with a closing value of £138,461. As the Trust's activities do not result in any liabilities it is not considered necessary to have a specific level of reseNes. However, the Trustees will at all times retain a small amount of cash in its bank account to enable unforeseen liabilities to be addressed or grants to be made at short noti. 2. Public Benefit In undertaking the activities of the Trust during the year, the Tnjstees have had regard to the Commission's Public benefit requirement statutory guidance. To ensure the funds of the charity are used for the public benefit the Trustees have only made grants to other registered charities. This approach ensures the funds are used for the public benefit and do not result in any hann. In addition, grant making to other charities means there is no private benefit from the activities of the charity- 3. Charity Details Ad res cjo 52 Demesne Road, Holywood, BT18 9EX Edgar Gilpin Gavin Pantridge Clifford Tughan David Hewitt i.. Declaration of Trust dated 12 October 1989. Summ the objects of the Charity are to promote all such charitable purposes as the Trustees shall in their uncontrolled discretion from time to time determine and in particular the advancement of the Christian faith, but without geographical or sectarian limitations. 4. Signatures - Trustees Edgar Gilpin Twstee Gavin Pantridge Trustee Date.. Date." /1 N,, 2024
Independent Examiner's Report to the Trustees of The Thomas Trust 1 April 2023 - 31 March 2024 To: Trustees, The Thomas Trust From" Mark Scott I report on the accounts of The Thomas Trust for the year ended 31 March 2024, which are set out on pages 4 to Respectlve responsibilitles of charity trustees and examiner As the chartty's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It is my responsibility to.. examine the accounts under section 65 of the Charities Act,. follow the procedures laid down in the general Directions given by the Commission under section 65(9)(b) of the charib.es Act. and stste whether particular matters have come to my attention. Basis of independent examiner's report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordan with the general Directions given by the CharÉty Commission for Northem Ireland under section 65{9}(b) of the Charities Act. My examinats.on included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanation5 from you as charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe". That accounting records were not kept in accordance with section 63 of the Charities Act That the accounts do not accord with those accounting records That the accounts do not compty with the accounting requirements of the Chartties Act That there is further infomiation needed for a proper understanding of the accounts to be reached. Independent examiner's statement I have completed my examination and have no concems in respect of the matters (l) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Mark Scott na Solicitor, The Law Society of Northem Ireland ddto&L' 64 Green Road, Belfast, BT5 6JB Date". 16 201
Charity Namo Charlty No. lif any) Tho Thomas Trust NIC108589 Receipts and payments accounts For the period from 0110412023 3110312024 Section A Receipts and payments Unrestrlcted funds to the naarest Restwlcled funds to the nearest Endowment funds Totsl funds Last year to th• nearest £ totho arèst £ tothe nearest £ A1 Receipts Donations & legacies Grants Fundraising activities Interest on deposit account Dividend on investments Members, subscflptions Charitable trading receipts Rents from land & buildings Other charitable ree8iPts A1 Sub totsl (Gross income for the Annual Retum) 757 757 3,281 757 757 3,281 A2 Asset and invesknent sales Proceeds from sale of fixed asset 131.000 Loan repayments receivéd Transfer from Investec Fund A2 Sub total 2,300 2,300 2,300 2,300 131.000 Total receipts 3,057 3,057 134.281 A3 Paympnts Cost of fundraising events Gross trading payments Investment management costs Direct Charitable activity Grants & donations paid Govemance costs 3.000 3,000 6,61)0 Other costs 31 31 31 A3 Sub total 3.031 3,031 6,631 A4 Asset and Invostment purchases Purchase of investments Loans made 131,000 A4 Sub total 131.000 Total payments 3,031 3,031 137,631 Net of re¢elpts/{paymentsJ A5 TransferJ between fund• A8 Cash fund8 last year end Cash fun thls year end 26 26 3,350 129 129 3,479 155 165 129
The Thomas Trust- NIC108589 Section B Statement of assets and liabilities at the ond of the period Unrestricted funds to n•are8t £ Period end date: 3110312024 Restricted funds to nèarest £ Endowment funds to nearost £ Total funds Last year to nearest £ to nearest £ 129 B1 Cash fund8 Current account 155 155 Deposit accoun* Total cash funds 155 165 129 Unrestricted funds to nearest £ Restrlcted funds to nearest £ Endowment funds to nearest £ Total funds Lagt year to noarest £ to nearest £ 82 Olher monotary a$$ets Investmént aC(Unt with Investec {THOMAIA17) 138,461 130,526 138.461 Total 138,461 130.526 Fund to which a86et belong8 Cost (opllonal) Currnnt valuo (optionall Last yoar B3 Investment assets Total Fund to which asset bolongs Cost (optional Current value {optlonal} Last year B4 Assets retalned for the charity's own use Totsl Fund to whlch 5iability rolat•$ When due {optional) Amount due loptional) Last yoar B5 Liabilities Total Slgned by one or two trustees on behalf of all Ihe trustses Slgnature Prfnt Name Dats of approval Edgar Gilpin Gavin Pantridge fi
The Thoma8 Trust- NIC108589 Perlod end dats: 3110312024 Section C Notes to the AeeoLtnts C1 Nature and purpose of funds (may be stated on analysis of funds wortsheets) All fiJnds of the Charity are unfestricted. Indlvidual I institution Number of grants madè C2 Grants TearfvJnd Inststution 2,000 Good News for Everyonel Snstltutlon 1,000 Total 3.000 C3 Trustee remuneration - details Number of trustees C4 Trustee expenses - detsSls Transactlon Balance amount (£1 outstanding at period end {£) C5 Tran$a¢tlon8 with trustees and connected p•rsons C6 Other Inforniatlo