Mccrea Memorial Trust
Statement of Financial Activities for the Year Ended 31 December 2023
Restricted
funds
Total
2023
Total
2022
Note
Income and Endowments from:
Donations and legacies
Investment income
1,965
199,392
1,965
199,392
2,109
205,783
Total income
201,357
201,357
207,892
Expenditure on:
Raising funds
Charitable activities
(23.876)
(524,837)
(23,876)
(524,837)
(28,251)
(447,379)
Total expenditure
Gainsllosses on investment assets
{548,713)
9.469
{548,713}
9,469
(475,630)
548,891
Net expenditure
(337,887)
(337.887)
(816,629)
Net movement in funds
{337,887)
(337,887)
(816,629)
Reconciliation of funds
Total funds brought forward
5,700,659
5.700,659
6,517,289
Total funds carried forward
5,362,772
5.362,772
5,700,660
All of the charity's activities derive from continuing operations during the above two periods.
The funds breakdown for 2022 is shown in note 9.
The notes on pages 8 to 11 fomi an integral part of these financial statements.
Page 6

Mccrea Memorial Trust
(Registration number: 108647)
Balance Sheet as at 31 December 2023
2023
2022
Note
Fixed assets
Investments
4.971,614
5,300,952
Current assets
Cash at bank and in hand
399,460
409.329
Creditors: Amounts falling due within one year
{8,302
9,621
Net current assets
391,158
399.708
Net assets
5.362,772
5,700,660
Funds of the charity:
Restricted income funds
Restricted funds
5.362,772
5,700,660
Total funds
5,362,772
5,700,660
The financial statements on pages 6 to 11 were approved by the trustees, and authorised for issue on
31 Oot.2&24..... and signed on their behalf by:
Thomas Robert Haire
Chairman and trustee
The notes on pages 8 to 11 fomi an integral part of these financial statements.
Page 7

Mccrea Memorial Trust
Notes to the Financial Statements for the Year Ended 31 December 2023
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with the second edition of the Charities
Statement of Recommended Practice issued in October 2019. the Financial Reporting Standard
applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
Mccrea Memorial Trust meets the definition of a public benefit entity under FRS 102. The accounts
(financial statements) have been prepared under the historical cost convention with items recognised
at cost or transaction value unless othe￿iSe stated in the relevant note(s) to these accounts.
Presentational currency and level of rounding
The presentational currency is £ sterling and the level of rounding is to the nearest £.
Going concern
The trustees consider that there are no material uncertainties about the charitys ability to continue as
a going concern.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis
consistent with the use of resources, for example, allocating property costs by floor areas. or per
capita, staff costs by the time spent and other costs by their usage.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010
and therefore it meets the definition of a charitable company for UK corporation tax purposes.
Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains
received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are
applied exclusively to charitable purposes.
Fixed asset investments
Fixed asset investments. other than programme related investments, are included at market value at
the balan￿ sheet date. Realised gains and losses on investments are calculated as the difference
between sales proceeds and their market value at the start of the year, or their subsequent cost, and
are charged or credited to the Statement of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are
credited or charged to the Statement of Financial Activities based on the market value at the year end.
Page 8

Mccrea Memorial Trust
Notes to the Financial Statements for the Year Ended 31 December 2023
(continued)
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-lerm highly
liquid investments that are readily convertible to a known amount of cash and are subject to an
insignificant risk of change in value.
Fund structure
Restricted income funds are those donated for use in a particular area or for specific purposes, the
use of which is restricted to that area or purpose.
2 Income from donations and legacies
Restricted
funds
Total
funds
Donations and legacies.,
Donations from individuals
1,965
1,965
Total for 2023
1,965
1,965
Total for 2022
2,109
2,109
3 Investment income
Restricted
funds
Total
funds
Interest receivable and similar income-
Interest receivable on bank deposits
Other income from fixed asset investments
458
198,934
458
198.934
Total for 2023
199,392
199.392
Total for 2022
205,783
205,783
Page 9

Mccrea Memorial Trust
Notes to the Financial Statements for the Year Ended 31 December 2023
(continued)
4 Expenditure on charitable activities
Restricted
funds
Total
funds
Note
Grant funding of activities
524,837
524,837
Total for 2022
447,379
447.379
5 Taxation
The charity is a registered charity and is therefore exempt from taxation.
6 Fixed asset investments
2023
2022
FA investment- UK listed other shares bfvid
FA investment - UK listed other shares additions
FA investment- UK listed other shares disposals
5,300,952
909,038
1,238,376
6,301,931
1,320,778
2,321,757
4.971,614
5,300,952
7 Cash and cash equlvalents
2023
2022
Cash at bank
399,460
409,329
8 Creditors: amounts falling due within one year
2023
2022
Other creditors
Accruals
8,301
9,621
8,302
9,621
Page 10

Mccrea Memorial Trust
Notes to the Financial Statements for the Year Ended 31 December 2023
(continued)
g Funds
Balance at
Other
31
Resources
recognised December
expended gainsl{losses)
2023
Balance at
1 January
2023
Incoming
resources
Restricted funds
5,700,659
201,357
(527,627)
(11,617)
5,362,772
Balance at
Other
31
Resources recognised December
expended gainsl(losses)
2022
Balance at
1 January
2022
Incoming
resources
Restricted funds
6,517.289
207,892
(450.056)
(574.465)
5,700,660
10 Analysis of net assets between funds
Total funds
at31
December
2023
Unrestricted
funds
General
Fixed asset investments
Current assets
Current liabilities
4,971,614
399,460
{8,302
4,971,614
399.460
8,302
Total net assets
5.362,772
5,362,772
Total funds
at31
December
2022
Unrestricted
funds
General
Fixed asset investments
Current assets
Current liabilities
5.300,952
409,329
{9,621)
5,300,952
409.329
{9,621)
Total net assets
5,700,660
5,700,660
Page 11