& G/JJoottseJ Chartered Accounlanls and Registered Auditors INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF 3:16 TRUST LIIIqITED I report on the accounts of the company for the year ended JO June 202), wliich are sel out on paoes five to twelve. Respcetive rcsponsibilities of charity trustees and examiner As the charity's Iruslees (and also the directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance iyith the requirements of the Companies Aci ?006. Havino satisfied myselF thai the charity is not subject to audit under company law and is elioible for independent examination, il is my responsibility to.. exatnine the accounts under Section 65 of the Charities Act folloiv the procedures laid down in the oenerdl Directions (riven by the Charity Commission for Northern Ireland under Section 6i(9)(b) of the Charities Act state ivELeiher particular matters have come to my attention. Basis of the independent examiner's report I have examined your charity accounts as required under Section 6) of the Charities Act and my examination was carried out in accoidan¢e with the oeneral DireciioR5 ￿1Ven by the Chaiity Com¥nission for Northern Ireland under Sectioii 6i(9){b) of the Charities Act. The examination included a review of the accountino records kept by the charity and a comparison of the accounts presented H'ith those records. It also included consideration ol any unusual items or disclosures in the accounts. and seekiThtr explanations from you as cliarity Iruslees concernin(T any such matters. My role is to slate whether any material matters have come lo my attention oivino me cause to believe: Thal accounlints records were not kept in accordance with Section )86 of the Companies Act 2006 That the accounts do not accord with those accountino records That the accounts do not comply with the accountintr requirements of Section J96 of the Companies Act 2006 and with the niethods and principles of the Charities Statement of Recommended Practice applicable to charities preparino their accounts in accordance with the Financial Reportino Standard applicable in the UK and Republic of Ireland That there is further infomation needed for a proper understandino of the accounts lo be reached. Independent ex2niiner'5 Statement I have cotnpleted niy examination and have no concetns in respect of the matters (l) to {4) listed above and. in coiinectioi) with followino the Directions of the Charity Commission for Northern Ireland. I have found no matters that require drawino to your attention. STEPHANIE STENSON FCA Patton Rainey and Associates Chartered Accountants 6 East Bridtse Street Enniskillen Co. Fermanaoh BT74 7BT 6 October 202J CHARTERED ACCOUNTANTS IRELAND Chartered Tax Advisers Registered to carry out audit work and regulaled lor a range ol invesimeni business activities in the United Kingdom by the Institute ol Chartered Accountants in Ireland 3:16 TRUST LIMITED STATEMENT OF FINANCIAL ACTIVITIES ror the Year Ended 30 JUNE 2023 30.6.23 Total funds Unrestricted nd Restricted fund Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 18,294 18,294 18.579 Other trading activities 10,478 10,478 1,594 Total 28,772 28,772 20,173 EXPENDITURE ON Raisints funds 3,183 3,183 1,546 Charit2ble activities Charitable 8.037 8,037 11.815 Other 77) 77) 1,851 Total 11.99) 11,995 15,212 NET INCOME 16,777 16,777 4,961 RECONCILIATION OF FUNDS Total funds broucvht fonvard 180,823 180,823 175,862 TOTAL FUNDS CARRIED FORWARD 197,600 197,600 180.82J The notes fonn part of these financial sialements Page 5 3:16 TRUST LIMITED BALANCE SHEET 30 JUNE 2023 30.6.23 Total funds Unrestricted fund Restricted fund Total funds Notes FIXED ASSETS Tangible assets 128,343 128,343 128.698 CURRENT ASSETS Stocks Cash at bank 930 68,612 930 68,612 1.695 iO,665 69.i42 69,)42 52,360 CREDITORS Amounts fallints due within one year io (28)) (28)) NET CURRENT ASSETS 69,2)7 69,257 52,125 TOTAL ASSETS LESS CURRENT LIABILITIES 197,600 197,600 NET ASSETS 197,600 197,600 180,823 FUNDS Unrestricted funds 197,600 180,823 TOTAL FUNDS 197,600 180,823 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended )0 June 202). The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 ofthe Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections J86 and J87 of the Companies Act 2006 and preparing finaiicial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections )94 and )95 and which otherwise comply with the requirements of the Companies Act 2006 relatino to financial statements, so far as applicable to the charitable company. (b) These financial statements have been prepared in accordance with ihe provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 6 October 2023 and were signed on it5 beh If by- Mr J Johnston- Tr stee The notes form part of these financial statements 3:16 TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 30 JUNE 2023 ACCOUNTING POLICIES Basis of preparing the finaneial statements The financial statements of the charitable company. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reportino by Charities= Statement of Recommended Practi¢e applicable to charities preparing their accounts in accordance with the Financial Reportino Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),. Financial Reporting Standard 10? 'The Financial Reportints Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Income All income is re¢otsnised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a leoal or constructive obligation committing the charity to that expenditure. il is probable that a transfer of economic benefits will be required in settletnenl and ' the amount of the oblioation catt be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headinos that aooreoate all cost related to the cateoory. Where costs cannot be directly attributed to particular headinos they have been allocated lo activitie5 on a basis consistent with the use of resources. Tangible fixed a55ets Depreciation is provided at the following annual rate5 in order to write off ea¢h asset over its estimated useful life. Equipment Fixtures and fittings 200/0 on reducing balance 200/0 on reducino balance Tan(rible assets are originally recorded at cost. The property owned by the Charity has not been depreciated which is a deviation from FRS 102. The property was purchased in a dilapidated condition and a lot ol renovations were carried out on a voluntary basis. It is believed that given current market conditions that to depreciate the property would not give a true reflection of Èts current net book value. Stocks Stocks are valued at the lower of cost and net realisable value. after making due allowance for obsolete and slow moving items. Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charilable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are rdised for particular restricted purpose5. Further explanation of the nature and purpose of each fund 15 included in the notes to the financial statements. Page 7 continued... 3:16 TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS - Continued lor the Year Ended 30 JUNE 2023 OTHER TRADING ACTIVITIES 30.6.23 30.6.22 Coffee shop in¢ome 10,478 1.594 SUPPORT COSTS Govemance Costs Finance Totals Charitable 195 600 79) Support costs, included in the above, are as follows: 30.6.23 Total activities Charitable Bank charges Accountancy and Independent Examination 19) 600 117 600 79) 717 NET INCOMEI(EXPENDITURE) Net income/(expenditure) is staled after charoingl(crediting): 30.6.23 30.6.22 Depreciation - owned assets 1,98) TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended JO June 202i nor for the year ended JO June 2022. Trustees, expenses There were no trustees, expenses paid for the year ended 30 June 2023 nor for the year ended 30 June 2022. Page 8 continued... 3:16 TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 30 JUNE 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted fund Total funds INCOME AND ENDOWMENTS FROM Donations and lecFacies l8,579 18,579 Other trading activities 1,594 1,594 Total 20,173 EXPENDITURE ON Eiaisin(y funds 1,546 1.546 Charitable activities Charitable 11,815 11.815 Other 1,851 1,851 Total 15.212 15.212 NET INCOME 4.961 4,961 RECONCILIATION OF FUNDS Total funds brouohi forward 175,862 175,86? TOTAL FUNDS CARRIED FORWARD 180.823 180,823 CHARITABLE DONATIONS During the year the lollowints donations were made to charities Wlth similar charitable objectives: 2023 2022 Sow to Reap Master Key Movement 1.000 5.000 6,000 continued... 3:16 TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 30 JUNE 2023 TANGIBLE FIXED ASSETS Fixtures and fittinos Freehold property Equipment Totals COST At l July 2022 Additions 120,402 4,3J4 1.630 4,72) 129.461 1,630 At 30 June 202J 120,402 i,964 4,72) 131,091 DEPRECIATION At l July 2022 Charoe for year 605 1,072 158 913 763 1,98) At io June 202) 1,677 1,071 2,748 NET BOOK VALUE At JO June 2023 120,402 4,287 3,6)4 128.343 At JO June ?0?2 120,402 3,729 4,567 128,698 Included in cost or valuation of land and buildinos is freehold land of £120,40? which is not depreciated. STOCKS 30.6.23 30.6.22 Stocks 930 1,695 io. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.6.23 30.6.22 Accrued expenses 285 ii. MOVEMENT IN FUNDS Net movement in funds At 30.6.23 At 1.7.22 Unrestricted funds General fund 180,823 16,777 197,600 TOTAL FUNDS 180,823 16,777 197,600 Page 10 continued... 3:16 TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 30 JUNE 2023 ii. MOVEMENT IN FUNDS- continued Net movement in funds. included in the above are as follows: Incomino resources Resources expended Movement in funds Unrestrieted funds General fund 28,772 (11,995) 16.777 TOTAL FUNDS 28,772 (11,99)) 16,777 Comparatives for movement funds Net movement in ￿ndS At 30.6.22 At 1.7.21 Unrestricted funds General fund 175,862 4,961 180,823 TOTAL FUNDS 175,862 4,961 180.823 Comparative net movement in funds, included in the above are as follows.. Incomin(y resources Resources expended Movement in funds Unrestricted funds General fund (15,212) 4,961 TOTAL FUNDS 20.173 (15.212) 4.961 A current year l2 rnonths and prior year 12 months combined position is as follows- Net movement in funds At 30.6.23 At 1.7.21 Unrestricted funds General fund 175,862 21,738 197,600 TOTAL FUNDS 175,862 197,600 Paoell continued... 3:16 TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS- continucd for the Year Ended 30 JUNE 2023 ii. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined net movement in ￿nds, included in the above are as follows: Incomino resources Resources expended Movement in funds Unrestricted funds General fund 48,945 (27 ?07) 21,738 TOTAL FUNDS 48,945 (27,207) 21,738 12. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended JO June 2023. Page 12 3.16 TRUST LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 30 JUNE 2023 30.6.23 30.6.22 INCOME AND ENDOWMENTS Donations and legacies Donations Grants 17,794 500 18.579 18,294 18,)79 Other trading activities Coffee shop income 10,478 1.594 Total incoming resources 28,772 EXPENDITURE Other trading activities Opening stock Purchases Small equipment Sundry expenditure Closin(v stock 1,695 2,144 274 2.419 71? iio (1,695) (930) 3,183 1,546 Charitable activities Rates and water Insurance Light and heat Telephone Sundries Charitable donations Depreciation 292 1,608 2,737 607 13 354 1,500 2,076 10 6,000 1,983 7.242 11,098 Other Repairs and renewals 775 1,851 Support costs Finance Bank charoes 195 117 Governance costs Accountancy and Independent Examination 600 600 Total resources expended 11,99) 15.212 Nct income 16,777 4,961 This paoe does not fonn part ol the statutory financial statements Patse 13