THE ANNAGHBANE CHARITABLE TRUST
STATEMENT OF FINANCIAL AcfiviTIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
Unrestricted
funds
2023
Unre5trieted
funds
2022
Notes
Incom¢ from:
Donation5 and legacies
Investrnents
62,000
4,565
4.223
4,368
Totsl income
66,565
8,591
Expenditure on:
Charitable activities
50,837
9.660
Total expenditure
50,837
9,660
Net Incom￿(expendItUrQ} and movement In funds
15,728
11,0691
Reconciliation of fund5".
Fund balances at l January 2023
12,018
13,087
Fund balances it 31 Decernber 2023
27,746
12,018
The statement of financial activitie5 include5 all gain5 and losses recognised in the year. All income and
expenditure derive from continuing activities.

THE ANNAGHBANE CHARITABLE TRUST
BALANCE SHEET
AS A T 31 DECEMBER 2023
2023
2022
Notes
Fixed assets
Investments
11
11,100
11,100
Current a55ets
Debtors
Cash at bank and in hand
12
17,113
12,283
12,548
570
29,396
13.118
Creditor$: amounts falling due wlthln
one year
13
11,6501
11,1001
Net current assets
27,746
12,018
Total assets less current liabilitie5
38.846
23,118
Credltors: amounts falling due after
more than one year
14
111,100)
111,11)01
Net assets
27,746
12,018
The funds of the charities
Unrestricted funds
15
27,746
12,018
27,746
12,018
The financial Statements were approved by the Trustees on .0.£r./o=../Z￿1s
ain
Mr.B
cArdle

THE ANNAGHBANE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR fHE YEAR ENDED 31 DECEMBER 2023
Accounting polici95
Charity information
The Anna9hbane Charitable Trust meets the definition of a public benefit entity under FRS 102.
1.1 Accounting convention
The financial 5tatement5 have been piepared in accordance with the charities's governing document, the
Chariiies Act 2011, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland" I'FRS 102.1 and the Charities SORP 'Accounting arsd Reporting by Charities.. Statement ol
Recommended Prartice applicable to charities preparing their accounts in accordance with the FinancHI
Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 leffective 1 January 2019). The
cl)èrities is a Pliblic Benefit Entity as defined by FRS 102.
The cha rfties has taken advantage of the provisions in the SORP for charities not to prepare a Statement
of Cash Flows.
The Charity has taken advantage of the following disclosure exemptions in preparing these financial
statements, as permitted by the FRS 102 'The FSnancial Reporting Standard applicable in the UK and
Republic of Ireland..
the req¢Jirements of Sertion 7 Statement of Cash Flows,.
the requirements of Settion 3 Financial Statement Presentation para9raph 3.17(dl,'
the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 17.47,
11.481al{iiil, 11.481allivl, 11.481bl and 11.481cl,'
the requirement5 of Section 12 Oiher Financial Instruments paragraph5 12.26 to 12.27,
12.291al, 12.29lbl and 12.29A.
The financial statements have deparred from the Charities (Accounts and Reports) Regulations 2Q)8 only
to the extent required to provide a true and fair view. This departure has involved following the
Statement of Recornmended Practice foi charities applying FRS 102 rather than the version of the
Statement of Recommended Practice which is referred to in the Regulations but which has since been
withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charities.
Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal
accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial ststemen& the Trustees have a. reasonable expectation that the
charities has adequate resources to continue in operational existence for the foreseeable future. Thus the
Trustee5 continue to adopt the going concern basis of accounting in preparing the linancial statements.
1.3 Charitable funds
Unreslritted fvnds are available for use at the discretion of the Trustees in furtherance of their charitable
objectives.

THE ANNAGHBANE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 37 DECEMBER 2023
Accounting policies
(Continued)
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted fund5 are set out In the notes to the financial statements.
1.4 Income
Income is recognised when the charlties 15 legally entitled to it after any performance conditions have
been meL the amounts can be measured reliably, and it 15 probable that income will be received.
Cash donations are recognised on receipt Other donations are recognised once the charities has been
notified of the donation, unless performance conditions require deferral of the amount. Income tax
recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the
time of the donation.
Legacies ire recognised on receipt or otherwise if the charities has been notified of an impending
distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is
tieated as a contingent assèt.
1.5 Expendlture
Expenditure is recognised once there is a legal or constructive obligation lo transfer econornic benefit to
third partyi It is probable that a transfer of economic benefits will be required in settlemenL the
amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and
shared costs, including support costs involved in undertaking each activity, Direct costs attributaEle to
single activity are allocated directly to that activily. Shared costs which contribute to more than one
activity and support C051s which are not attributable to a single activity are apportioned be￿een those
activities on a basis consistent with the use of resources. Central staff costs are allocated on the basls of
time spenL and depreciation charges are allocated on the portion of the asset's use.
1.6 Fixed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are
subsequently measured at fair value at each reporting date. Changes in fair value dre recognised in net
incomellexpenditurel for the year. Transaction cos15 are expensed as incurred.
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. 8ank overdrafts are
shown within borrowings in current liabilities.

THE ANNAGHBANE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies
(Continued}
1.8 Financial instruments
The charities has elettèd to apply the provisions of Section 11 '8asic Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charities's balance sheet when the charities becornes party to
the contractual provisions of the instrument
Financial a55ets and liabilities are offset with the net amounts presented in the financial Stat￿ents, when
there is a legally enforceable right to set off the recognised amount5 and there 15 an intention to settle
on a net basis or to realise the asset and settle the liability simultaneously.
Basic flnancial assets
Basic financial asset& which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost usin9 Ihe
effective interest method unless the arrangement constitutes a financing transaction, where the
transaction is measured at the present value of the future receipts discounted at a market Tate of interest.
Financial asseis classified as receivable within one year are not amortised.
Ba51c flnancial liabilifies
8a5ic Financial liabilities, including creditors and bank loans are initially recognised at transaction price
unles5 the arrangement constitutes a financing transaction. where the debt instrument is measured at the
present value of the future payments discounted at a market rate of interest. Financial liabilities classified
as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary
course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due
within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised
initially at transaction price and subsequently measured at amortised cost using the effective Inte￿5t
meihad.
Derecognition of financial liabilities
Financial liabilitie5 are derecogni5ed when the charitie5'5 contractual obligations expire or are discharged
or cancelled.
1.9 Employee benefit5
The cost of any unused holiday entitlement is recognised in the period in which the employee's seNices
are received.
Termination benefits are recognised immediately as an expense when the charities is demonstrably
committed to terminate the employment of an employee or to provide termination benefits.

THE ANNAGHBANE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Critical accounting estimates and judgements
In the application of the charities's accounting policies, the Trustees are requiied to make judgements.
estimates and assumptioris about the carrying amount of assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumptions are based on historical
experience and other factor5 that are considered to be relevant. Actual result5 may differ from these
estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only
that period, or in Ihe period of the revision and future periods where the fevision affects both current and
future periods.
Income from donation5 and legacies
Unrestri¢ted Unrestrfcted
funds
funds
2023
2022
Donations and gifts
62,000
4,223
Incorne from investrnent5
Unr•strlcted Unrestrlcted
funds
fvnds
20Z3
2022
Interest income
4,565
4,368
10-

THE ANNAGHBANE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMSER 2023
Expenditure on Charitable activities
Unrestricted Unrestricted
2023
2022
Direct costs
Programme costs
50,255
9,050
Shalé of support and governanc• costs (see note 61
Support
Goveinance
32
sso
550
50.837
9,660
Analysis by fund
Unrestricted funds
50,837
9,660
Support cost5 allocated to activities
2023
2022
Bank charges
Governance costs
32
550
60
550
582
610
Analysed between:
Unrestricted
582
610
2023
2022
Governanee Costs comprlse..
Accountancy
sso
S50
550
550
Net rnovement in lunds
2023
2022
The net movement in fijnds is stated after charging/{crediting}'.
11

THE ANNAGHBANE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR EIVDED 31 DECEMBER 2023
Trustees
None of the Trustees lor any persons connected with them) received any remuneration or benefits from
the charities during the year.
Employees
The average monthly number of employees during the year was..
2Q23
Number
2022
Number
Total
There were no employees whose annual remuneration was more than £60.000.
10 Taxation
rhe charity 15 exempt from taxation on its artivities because all its income is applied for charitable
purposes.
11 Fixed asset investments
Debt
securities
Cost or valuation
At 1 January 2023 & 31 December 2023
11,100
Carrylng amount
At 31 Decernber 2023
11,100
At 31 December 2022
11.100
12 Debtors
2023
Amounts falling due within one year:
2022
Other debtors
17,113
11548

THE ANNAGHBANE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
13 Creditor5: amount5 falling due within one year
2023
2022
Accruals and deferred income
1,650
1,100
14 Credltors: amounts falling due after more than one year
2023
2022
Other creditors
11,100
11,100
15 Unrestricted fund5
The unrestricted funds of the charity comprise the unexpended balances of donation5 and grants which
are not subject lo sp￿lfIC Conditions by donors and grantors as to how they may be used. These include
designated funds which have beÈn set aside out of unrestricted funds by the trustees for Specific
purposes.
At 1 January
2023
Incomlng
resources
Resources
expended
At31
December
2023
General funds
12,018
66,565
150,83n
27,746
Previous year:
At 1 January
2022
Incoming
res¢urces
Resources
expended
At31
December
2022
General funds
13,087
8,591
19,6601
12,018
16 Related party transactlons
The charity received income of £61000 from related parties EOS Group in the period. There were no
other related party transactions during the year.
13-