Charity registration number.. 108647
Mccrea Memorial Trust
Annual Report and Financial Slalemenls
for the Year Ended 31 December 2024

Mccrea Memorial Trust
Contents (continued)
Reference and Administrative Details
Trustees, Report
2to4
Independent Examinerfs Report
5t06
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
9t012

Mccrea Memorial Trust
Reference and Administrative Details
Chairman
Thomas Robert Haire
Trustees
John Mccrea
Thomas Robert Haire
David James Perry
Stephen Craig
William Daniel Buchanan
John Wi15iam George Patton
108647
Charity Registration Number
Principal Office
Schomberg House
368 Cregagh Road
Belfast
BT6 9EY
Independent Examiner
RBCA Limited
26 Linenhall Street
Belfast
BT2 8BG
Investment Managers
Evelyn Partners
The Ewart
13th Floor
3 Bedford Square
Belfast
BT2 7EP
Bankers
Danske Bank
Donegall Square West
Belfast
BT16JS
Page 1

Mccrea Memorial Trust
Trustees. Report
The trustees present the annual report together with the financial statements of the charity for the year
ended 31 December 2024.The Trustees have adopted the provisions of the Statement of Recommended
PracliGe {SORP) "Accounting and Reporting by Charities" {FRS 1021 in preparing the annual report and
financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies sel out in the
notes to the accounts and comply with the charitys governing document, the Charilies Act 2011 and
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland published in October 2019.
Objectives and activities
The objects of Ihe Trust are as follows..
a.. The relief or prevention of poverty among members of the Junior Orange Association of Ireland, the
Junior Orange Women's Association of Ireland, The Loyal Orange Institution of Ireland and the
Association of Loyal Orange Women of Ireland (association members).,
b.. The advancement of education and training for the public benefit with particular regard to the needs of
association members who are in poverty.
c= The advancement for the public benefit of that part of the arts, culture and heritage of Ireland which is
associated with the Orange Order-,
d.. Such other purposes being charitable according to the law of Northern Ireland as the Trustees in their
discretion think fit from time to time. The objects shall be promoted by means of grants or other forms of
financial assistance to individuals and other charities or in such other manner as the Trustees shall
decide.
Public benefit
The public benefit is raising educational standards to encourage grant applicants to play their part in
improving their outlook and to make them better citizens. We would meet with applicants and learn first
hand how our funding assists them. This helps those doing a trade at a College for Further Education to
purchase good quality tools and those allending university computers and other expenses associated
with living away from home.
Page 2

Mccrea Memorial Trust
Trustees. Report (continued)
Achievements and performance
This is our second annual report to the Charity Commission for Northern Ireland. and we are pleased to
continue our work in accordan￿ with our charitable objectives.
The year 2024 was another productive and positive period for the Trust. We awarded 305 educational
grants lo individual applicants, supporting their pursuit of further education and helping to create
opportunities that reduce the risk of poverty and promote personal development.
In addition, 13 group grants were awarded to promote and preserve Orange culture and heritage. These
supported a range of initiatives, including historical and educational visits, which provided valuable
learning experiences and strengthened community belonging and engagement.
We are asso pleased to note that the transition to direct bank payments for all successful applicants has
now been fully implemented. This improvement has streamlined our grant distribution process and
eliminated previous delays experienced when cheques were not promptly cashed.
The Trustees remain committed lo ensuring that a15 funds are distributed fairly and in line with the Trust's
objectives, delivering meaningful benefits to individuals and the community.
Financial review
The results for the year are set out on page 7. There was a net decrease in funds of £226,561 in the year
compared to £337,887 in the previous year. At the year end the balances of restricted funds held were
£5,136,212.
Policy on rese￿eS
The trustees regularly monitor the level of funds to ensure that the charitable activities are sustainable on
a going concern basis based on the level of income re￿IVed.
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows..
Trustees-.
John Mccrea
Thomas Robert Haire
David James Perry
Stephen Craig
William Daniel Buchanan
John William George Patton
Chairman=
Thomas Robert Haire
Page 3

Mccrea Memorial Trust
Trustees. Report (continued)
Structure, governance and management
The struclure of our governance and management is in accordance of our constitution.
Truslees are appointed in accordance of our constitution.
Statement of Trustees, Responsibilities
The trustees are responsible for preparing the trustees, report and the financial statements in accordance
with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year
which give a true and fair view of the state of affairs of the charity and of the incoming resources and
application of resources of the charity for that period. In preparing these financial statements, the trustees
are required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and prudent-,
state whether applicable accounting standards have been followed. subject to any material departures
disclosed and explained in the financial statements- and
prepare the financial statements on the going concern basis unless it is inappropriate lo presume that
the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any time the financial position of the charity and enable them to ensure that the financial
statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008,
and the provisions of the constitulion. The trustees are also responsible for safeguarding the assets of the
charity and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
01 Ocl 2025
The annual report was approved by the trustees of the charity on
by:
and signed on ils behalf
Thomas Robert Haire
Chairman and trustee
Page 4

Mccrea Memorial Trust
Independent Examiner's Report to the trustees of Mccrea Memorial Trust
I report to the trustees on my examination of the accounts of Mccrea Memorial Trust for the year ended
31 December 2024.
Responsibilities and basis of report
As the charity's trustees of Mccrea Memorial Trust you are responsible for the preparation of the
accounts in accordance with the requirements of the Charities Act (Northern Ireland) 20081'the Act'l.
Having satisfied myself that the charity is not subject to audit under company law, and is eligible for
independent examination, it is my responsibility to=
examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008.,
follow the procedures laid down in the general Directions given by the Charity Commission for Northern
Ireland under section 65{91{bl of the Charities Act., and
state whether particular matters have come to my attention.
Basis of independent examlner's report
My examination was carried out in accordance with the general directions given by the Charity
Commission for Northern Ireland under section 6519)(bl of the Charities Act. The examination included a
review of the accounting records kept by the charity and a comparison of the accounts presented with
those records. It also includes consideration of any unusual items or disclosures in the accounts and
seeking explanations from you as charity truslees Gonceming any such matters.
My role is to state whether any material matters have come to my attention giving me cause to believe:
1. That accounting records were not kept in accordance with section 386 of the Companies Act 2006-
2. That the accounts do not accord with those accounting records.,
3. That the accounts do not comply with the accounting requirements of section 396 of the Companies
Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice
applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland; and
4. That there is further information needed for a proper understanding of the accounts to be reached.
Independent examiner's statement
I have completed tny examination and have no concerns in respect of the matters (11 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.
Page 5

Mccrea Memorial Trust
Independent Examiner's Report to the trustees of Mccrea Memorial Trust
{continued)
S4
Brian Stewart
RBCA Limited
26 Linenhall Street
Belfast
BT2 8BG
07 Oct 2025
Date..
Page 6

Mccrea Memorial Trust
Statement of Financial Activities for the Year Ended 31 December 2024
Restricted
funds
Total
2024
Total
2023
Note
Income and Endowments from:
Donations and legacies
Investment income
10,763
191,646
10,763
191,646
1,965
199,392
Total income
202,409
202,409
201,357
Expenditure on..
Raising funds
Charitable activities
{24,372)
525,629
(24,372)
{525,629)
{23,876)
1524,837)
Total expenditure
Gainsllosses on investment assets
<550,0011
121,031
(550,0011
121,031
(548,713)
9.469
Net expenditure
226,5611
226.561
337,887
Net movement in funds
(226,561 }
(226,5611
(337,887)
Reconciliation of funds
Total funds brought fotward
Total funds carried forward
5,362,773
5,362,773
5,700,659
5,136,212
5,136,212
5,362,772
All of the charity's activities derive from continuing operations during the above two periods.
The funds breakdown for 2023 is shown in note 9.
The notes on pages 9 to 12 form an integral part of these financial statements.
Page 7

Mccrea Memorial Trust
{Registration number: 108647)
Balance Sheet as at 31 December 2024
2024
2023
Note
Fixed assets
Investments
4,982,730
4,971,614
Current assets
Cash at bank and in hand
160,433
399,460
Creditors: Amounts falling due within one year
6,951
8,302
Net current assets
153,482
391,158
Net assets
5,136,212
5,362,772
Funds of the charity:
Restricted Income funds
Restricted funds
5,136.212
5,362,772
Total funds
5,136,212
5,362,772
The financial statements on pages 7 to 12 were approved by the trustees, and authorised for issue on
07 0¢12025
and signed on their behalf by..
Thomas Robert Haire
Chairman and trustee
The notes on pages 9 to 12 form an integral part of these financial statements.
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Mccrea Memorial Trust
Notes to the Financial Statements for the Year Ended 31 December 2024
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 1021 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 slalementsl have been prepared under the historical cost convention with items recognised at
cost or Iransaclion value unless othetwise slated in the relevant nole{sl lo 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 thal there are no material uncertainties about the charity's 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
consislenl with the use of resources, for example, allocating property costs by floor areas, or per capita,
staff Gosts by the lime 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 il meets the definition of a charitable company for UK corporation lax purposes.
Accordingly, the Gharity is potentially exempt from taxation in respecl of income or capital gains received
within categories covered by Chapter 3 Part 11 of the Corporalion Tax Act 2010 or Section 256 of the
Taxation of Chargeable Gains Act 1992, to Ihe extent that such income or gains are applied exclusively to
charitable purposes.
Page 9

Mccrea Memorial Trust
Notes to the Financial Statements for the Year Ended 31 December 2024
{continued)
1 Accounting policies Icontinuedl
Fixed asset investments
Fixed asset investments, other than programme related inveslmenls, are included at market value at the
balance sheet dale. Realised gains and losses on investments are calculated as the difference between
sales proceeds and their market value al 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 lo the Statemenl of Financial Activities based on the market value at the year end.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid
investments that are readily convertible to a known amount of cash and are subject to an insignificant risk
of Ghange 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
10,763
10,763
Total for 2024
10,763
10,763
Total for 2023
1,965
1,965
3 Investment income
Restricted
funds
Total
funds
Interest receivable and similar income.,
Interest receivable on bank deposils
Other income from fixed asset investmenls
295
191.351
295
191,351
Total for 2024
191,646
191,646
Total for 2023
199,392
199,392
Page 10

Mccrea Memorial Trust
Notes to the Financial Statements for the Year Ended 31 December 2024
(continued)
4 Expenditure on charitable activities
Restricted
funds
Total
funds
Note
Charitable activities
525,629
525,629
Total for 2023
524,837
524,837
5 Taxation
The charity is a registered charity and is therefore exempt from taxation.
6 Fixed asset investments
2024
2023
FA investment- UK listed other shares b￿d
FA investment - UK listed other shares revaluation
FA investment - UK listed other shares additions
FA investment - UK listed other shares disposals
4,971,614
121,031
994,419
{1,104,334
4,982,730
5,300,952
909,038
1,238,376)
4,971,614
7 Cash and cash equivalents
2024
2023
Cash at bank
160,433
399,460
8 Creditors: amounts falling due within one year
2024
2023
Accruals
6,951
8,302
Page11

Mccrea Memorial Trust
Notes to the Financial Statements for the Year Ended 31 December 2024
(continued)
9 Funds
Balance at
31
Balance at
1 January
2024
Other
Resources
recognised December
expended gainsl{lossesl
Incoming
resources
2024
Restricted funds
5,362,773
202,409
528,908
99,938
5,136,212
Balance at
31
Balance at
1 January
2023
Other
Resources
recognised December
expended gainsl(losses}
Incoming
resources
2023
Restricted funds
5,700,659
201,357
1527,6271
{11,617
5,362,772
10 Analysis of net assets between funds
Total funds
at31
December
2024
Restricted
funds
Fixed asset investments
Current assets
Current liabilities
4,982,730
160,433
6,951
4,982,730
160,433
6,951
Total net assets
5,136,212
5,136,212
Total funds
at31
December
2023
Restricted
funds
Fixed asset investments
Current assels
Current liabilities
4,971,614
399,460
{8,302)
5,362,772
4,971,614
399,460
18,302
5,362,772
Total net assets
Page 12