Unaudited Financial Statements vi.sually Impaircd's foimci ResidLlIt% Trust For the year ended 5 April 2023
Vlsually Impalred's Former Residents Trust Contents Page Referoncg and administrative detalls of the Trusl. Its Trustees and advisers Trustee's report Indepondent examiner's report statement of financial activities Balan¢0 sheet Notes to the financlal statements 8-14
Visually Impalred's Former Resldents Trust Reference and administrative details of the Trust, its Trustees and advisers For the year ended 5 April 2023 Trustoes Cleaver Fulton RAnkin Trustees Limited Charity reglstered number 108610 Princlpal offl¢g CleaiTer Fulton Rai)kin Trustee% IAinitcd 50 Bcdford £treei Belfasl BT2 7FKV Ac¢ountant5 Grant Tliornion {N4 LLP CIIArteied Accountants 12 _ 15 Donegall Square Ivest Bclfast BTI 6JH P¥J& I
Vlsually Impalred's Former Resldents Trust Trustee's report For the year ended 5 April 2023 Ihc I"rustee presents tlieir annual report together ividi tlie financial stateinents OF ¢l)c '1 rust for the 6 April 2022 t() 5 Apiil 2023. Tl)e Cl)ariry registered nuinber 15 108610 and thc rcgi5tered office is 50 Bedfotd Street, Belfast, BT2 7FIV. Objectives and activities a• Policies and objectlves "Ilie tnist's purpose 15 to iiiaiia8e die slJAre portfolio Aiid to p2)y or gppl), tlic nct incotne to die beneficiariL'b of tlie twsf ivlio are tlie foimcr tcsidents of A lioirthe tliat Ivas situatcd at 12 AntiadAle &li'enue Belfast. TIIL liome IVAS rLiti b}, the Cliaritscs Brallcli of die Depaitnient of HcAlth And SociAI Senrices lor Noril)crn Ireland b. Maln actlvltles undertaken to further Ihe Trusl's purposos for the publlc beneflt Tlic "I"iiist's main purpose is to maiiagc the 51iare portfolio and to pA)' 01 xppl), tlie fiet incoirje to the benefici2riL"s of tlie tnist. ALliievcments and petfotinance a* Revlew of activltles Duting tlie )7ear Fund5 Ivere invested and pasiinents ivere paid to eacli beneficiar)T excli quarter, on dieir biithdft)ys And At c11StMas. b. Investment policy and performance lie Twstce Inanages the sliare portfolio and pa)'s tlie net income geijerateil froin Iliat portfolio to ilie cliari1l¢ ble betieficiaiies. Financial tevieiv ab Going concern After makitig 2ppropri2te enquiries, die trustees Iiave a reasonablc c.IpcctRUOlI tliat tlie Mvst lias Adequ2te rcsoutecs To continue in 01)eralioIiAI eNisicnce for tlie foreseeable futiire. for tl]is reason tl)L!' conuiiiie to adopt t]ie gniiig concern bas&s in pi'eparing Ilie fiiiAnci21 stTrienn[5. Furtlier details regarding tlie ad()ptsoii of die going concei'ii bAsis cali be Euiiiid iii Ilie AccouiiiiIig l)olicies. b. Reserves pollcy Ilie Tnist liold5 reseThres siifficient to meet die da), to da)1 rcquircmciits of opcrauong. Flnanclal overvlew During die }iear die trust Inade a loss of £10,424 (2022 £568)- At tlie end of tlie tl)e Twst liad net assets ol £257.916 (2022 £268,340).
Visually Impaired's Former Residents Trust Trustee's report (continued) For the year ended 5 April 2023 d. Constltutlon 'I'lie priiicipql object of tlie rrusE IS to inanage inipestments Aiid to pa}. tlie net incoine generated froiii d)e 51iire porifokno to lis beneliciaries. Method of appolntment or electlon of Trustees '1lie mAAageinenl OF the Trust is tlie re5ponsibilit)' ol thc 'fru5tce ivlio arc electecl Aijd co-optcd b), dcLd of 2ppointment/retirement under tlie statuto4, proi'isions. Cleairer fulton Rankn'ii Tiustees Liinitcd ivas rlic solL' trustee of d)e l 5t during tlie current Aiid prior )'cAr. Tlie directors of Clcaiter bulton Rankin Trustees Limiied are: K L BIAir J Foirester Nl K G Graham statement of Trustee's responsibilities T]ie Triistee is responsible for prcpariiis tlic I'rustccs rcpott and tl)e Financial statemei)Is in Accoidance ivitli ApplicAblc IAIV aiicl Unitecl Kingdom Accouniiiig Stftndards (L'iiiied Kiiigdom GciieiAlli, Accepted Accouiiting l)ractice 7lie laiv applicable to cliaiiues in Nortlierii Ireland requi s tlie 1"rustee to prei)are Financial 5tateiiieiits for e&ch financAAI ivl]icl) giirc a truc and fAir vieiit of the state of affairs ol tlie Trust and of its iticoinitig iesouices id ncl 1pplicauoti ol iesource5, including its incoine aiid eipciiditure. for tliat period. lil piepi1ring d)ese finaiiciAI statenients, tlie "I rustee Are reqiiircd to: select suitablc Accounung poh'cies and diet) 2ppI)' diem consisteiid}' obsctvc the mediods and priiiciple5 of die Clianues SORP (FRS 102)" make judgeinents And accounting cstAiTJatC5 diat arc rca50nablc prudent: state ivlictlier applicAble UK Accounting Standirds (FRS 102) Iiave beeii folloived, subject to ali), tnAterial departures disclosed aiid eiplaincd in tlic financial statements: prepAre the financial stateinents on the going concern basis unless it is inappropriate to piesiilne tliat die Trust ivill continue in business. Tlie Trustee is responsible foi keeping adequate Accounung records that Are sufficient to slioiv and explain die Trusl'5 transactions And disclose ividi reasoiiable accurac)p at an), tinic the financial posiuon Df die Triist and Liiable thein to ensure tliaE the financial 5tateiiients compl)1 ivid) tl)c Cliariues Act (Nc)rtliern IrelAnd) 2008, tlie Cliariucs (Accoiiiits 2iid Repoits) Regulati0115 (Noitlierii Ircland) 201.5 aiid tlie i)rt)I'isiotis of Ilie TrLlSt dcLd. Tlies. 1LL al.80 respot)sible for sale8uAriling tlic isscts of tlic "I'iust asid heiice for tikiii8 rc%soiiiblc 5tcps fot tl)L l)fcvLiition ai)d detcction of Iraud ind ()dier irregiilRriue5. Approired b)T order of the ineinbers OE tl)e board of Trustee on 2 FebruA, 2024 Rnd signed on tlieir beli8lf b),: Cleaver F CI"Iust ton Rankiii Triistees Limited PJJe 3