2025-03-31-accounts - Magill Family Charitable Trust

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REGISTERED CHARITY NUMBER: 109328

Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2025 for Magill Family Charitable Trust

M.B.McGrady & Co Chartered Accountants Suite 2B Cadogan House 322 Lisburn Road Belfast Co. Antrim BT9 6GH

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Magill Family Charitable Trust

Contents of the Financial Statements for the Year Ended 31 March 2025

		Page
Report ofthe Trustees	I	to	4
Independent Examiner'sReport		5
Statement ofFinancial Activities		6
Balance Sheet		7
NotestotheFinancialStatements	8	to	12

Magill Family Charitable Trust

Report of the Trustees for the Year Ended 31 March 2025

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The Magill Family Charitable Trust (MFCT) was established by a trust deed on 12 September 2022 to embody the | charitableCommissionvisionfor Northernand valuIr e slandof(CCNI)David onand 20JoanJanuaryMagill. 2023. The Trust received charitable status from the Charity ; MFCT supports principally local charitable activities aimed at reducing inequality, improving health and quality of life, and promoting reconciliation. It operates exclusively as a grant-making charity, funded by donations from the : Magill Family. The Trust is proactive in identifying projects and organisations aligned with its objectives and does not accept open funding applications.

All funding partners are selected for their capacity to deliver meaningful outcomes. The Trust conducts written and face-to-face evaluations with partners and, where appropriate, meets directly with beneficiaries to ensure its funding achieves maximum impact.

The MFCT is a member of the Funders Forum for NI and also engages in discussions with other family charitable trusts to help to inform future planning. This report covers a 12 month period 1 April 2024 to 31 March 2025 and is the first annual report to the CCNI covering the first full 12 month period of our Trust's operation. The MFCT made grants ranging from £460 to £25,000 totalling £273,603 (2024: £94,705) in this period providing assistance to a total of 28 organisations.

OBJECTIVES AND ACTIVITIES

Charitable Objects

The charity's activities revolve around five main areas:

~ The prevention and relief of poverty in Northern Ireland

The assistance in the treatment and care of persons in Northern Ireland suffering from mental or physical illness - The advancement of conflict resolution, peace, and reconciliation, good community relations, and the promotion of religious harmony
The promotion of social inclusion of people in Northern Ireland for public benefit
The promotion of participation in healthy recreation, particularly by the advancement of amateur sport in Northern Ireland

Significant activities

During this period, the Trustees focused on:

Continued establishment and piloting application and decision-making procedures (proactive approach with a research-based process)

The Trust made small grants totalling £273,603 (2024: £94,705) during this period. These grants are detailed under each relevant charitable object.

Public benefit

| In setting objectives and planning charitable work, the Trustees adhered to the guidance issued by the Charity | Commission for Northern Ireland under section 4(b) of the Charities Act (Northern Ireland) 2008, known as the public benefit requirement statutory guidance. | | |

Magill Family Chai'itable Trust Report of the Trustees for the Year Ended 31 March 2025 ACHIEVEMENTS AND PERFORMANCE Charitable activities Prevention or Relief of Poverty Diiring tlie year tlie clrity awarded grants totalling appi'oximately £43.900 in support of Ille preveiition and relief of povety. Grants were made to charities workiiig with individuals and families experienciiig fiiiaiicial hardship and crisis, primarily in Belfast aiid the sunounding areas. Grants were made to Ilie following charities.. o Foodstock, wl)ich provides practical support lo people identified as living in crisis through the provision of food, essential resources and advice. o St Gei'ard's St Vincent de Paul, which siipporls individuals and families in Inlled1ale crisis tIoug11 tlie provision of food, clothing, everyday essentials and assistance with household bills. o Footprints Womeii's Cenli'e. a eliarlty pi'ovidit)g crisis intervention, trainllig, support, development, advice and advocacy for women, where ndIng supported essential skills thaining in maths and Eiiglish and additional ci'isis suppoit over tlie Cluislmas period. o Concern, which woi'ks to address extrenie povety and bl'ing about lasting change to the lives, livelihoods and coIilliiunities of people living in the most difficult cii'cumstances. o Lariie Baby Bank. in partneiship with Honie Stal'l East Antrim, a volunteer-nin service suppoi'ling families facing financial l)ardship or crisis through the provision of good-quality second-hand clothing and essential items, including nappies and baby equipment. Assistance of Those Sufierlng from Mental or Physical Illness During the year Il)e chai'ity awai'ded gi'ants totalling approximately £66,600 in siippoi'¢ of individiials suffering fi'oni mental or physical illncss. Grants supported oi'ganisalions providing mental healtli services, palliative and end-of-life care. i'ehabilitation, and emergency health services. Grants were made lo the following charities: o Marie Curie. supporting a resexi'ch niapping exei'cise into palliative heart failure seivices in Noithern Ireland. o Lighthouse, which works lo prevent suicide and self-l)arm and supports fainilies bereaved by suicide. o Pai'licipalion and Il)e Pi'aclice of Rights (PPR), thiough the New Script for Mental Health campaign, which seeks ijiiproved mental liealth scivices and provides peei. support. o West Well Being, wl)ich pi'ovides counselling, advocacy, befi'iending, and education progi?mmes for people in mental or emotional distress. o Macular Society (Noriliern Ireland), wliicli fiinds researcli and provides support lo tlios¢ expei'iencing siglit loss. Northei'n Irelaiid Chest Healt and Sli'oke Associatioii, fuiiding a pilot sh'oke I'ehabilitalion programme iii Newtownabbey. o Life and Time Cal'e (Newry), pioviding community-based end-of-life servtces in the home. o Ali. knnbulance Noi'ibei'n Ireland, suppoi'ling lielicoptei. emergency inedical seivices. o Foyle Hospice, providiiig specialist palliative care. o Bl'ake, supporting victims of road death and injuiy and piomoting road safety education. Advancement of Conllict Resolution, Peace, and Reconeiliation Dui'ing Ilie year Ilie cliarity awarded gi'ants tolalling approxiinalcly £11,500 in suppoi'l of peace-building, reconciliation, and cioss-coniiiiunity engageinent. Grants were made to the following oi'ganisalions.. o Limestone United, supporting a young woinen's cross-community soccer and life-skills pi'oject in North Belfasl. o Glenarin Pai'isli, supportiiig Ilie advancemetlt of religious l)arniony.

Magill Family Charitable Trust Report of the Trustees for the Yeai. Ended 31 March 2025 Four Comers Festival, which encourages engagement across Belfast through innovative events promoting new perspectives and relalionsliips. Promotion of Social Inclusion During tlie year tlie cliarity awarded grants lolalling approximately £99,600 in support of social inclusffion. Grants supported organisations working with disadvantaged groups, childi'en and young people, I.egeeS, and individuals facing social exclusion. Grants wer¢ rnade to the following charities and programmes: o Ciian Mliuire, suppoi'ting reliabilitation for individiials affected by addiction. o Street Soccei. Nl, working with disadvantaged groups Ihrougli football and associated suppoit services. o Anaka Women's Refugee Collective (PPR), funding part-lime arts and cliildren's progi'amnie organisers. o Ardoyne Youth Club, supporting summer youth and volunteei'ing progj'ammes. o Clonard Monastery Youtli Club, providing di'op-in services and youlli developinent. o Childi'en's Law Centre, using legal avenues to support Vlllnerable children. o RNIB _ Teclinology foi. Life, supporting people with siglit loss to access infomiation and opportunities. o Onwards and Upwards Training (An Droichead), delivering technical ediicalion, work training, and mentoring for young people. o Ballygally Conmiunity Developinent Association, fiindiiig Ilie Ballygally Community Choir. Promotion of Healthy Recreadon and Amateur Sport During the year the charity awarded grants totalling approximately £14,000 to promote participation in sport and liealtliy i'eci'eatkon. Grants were niade to the following cliarilies: o Mary Peters Tiusl, providing coaching qualifications and programmes for young at])leles, including those with disabilities. o Northern li'eland Chest Heart and Stroke Association, sUPPOrting the development of online resource5 and a pilot active breaks programme foi. pi'iinary scliools. FINANCIAL REVIEW Financial Revieiv A summaiy of the results for the reporting period is available as pait of this i'epoit and accounts. FUTURE PLANS Tlie liuslees will continue to apply Il)e cliarity's resources in pui'suil of ils objectives. Futui'e gi'ant-lnaking and activities will be guided by the chai'ity's purposes and by the iieeds of beneficiaries as they ai'ise, allowing flexibility lo respond to clianging cii'cumslances and opportunities. STRUCTURE, GOVERNANCE AND MANAGEMENT Govei'nfing document The cl)arity is goveii)ed by a tsust deed dated 12th Septeinbei. 2022. Organlsarfonal structure Tlie trustees liold ultimate responsibility foi. Ilie policies, activities. and assets of the cl)8Jity. Tliey nieet regulai'ly to review developments and seek advice froin professional advisoi's wlien necessaiy.

M4%lll F#mlly Cli4rltAbl¢ Trust Report of the Truslees fur thL Yi'ar Endld 31 M*rcli 2025 .STRUCTURE, GOVERNANCE AND MANAGEMEI NT Ti-ustCf5 111 4?ceordaiicc with the Inj51 dccd, thcre shall bc a niinimum alld maximwn number of Itusl¢¢s. As a family trust fiiiaiiccd by tlie Magill faniily, Ilie majority of tlie appointed trnsl¢¢s arc Mabyjll family In¢mbers or related lo Magill faniily membe. The ch47inlli1n is an independent trnslee selected for his personal qualiti&s. experience in the proper op¢ralioi) of chai'itlcs, iiiid his pasl collaboratioti Ivith Ihc latc David Magill iii ¢haritablc activitics. Rlsk Management and Avoldance of Harm Ti)e trnstees fflaintain a risk nianagemenl framework to cnsure effective and compliant operations. Key areas include: l. Fiiiancial Risk.. knmual risk a8s¢ssments are coiiducled in collaborntion with auditors to maintain strong financial coiitrols. Il. Safeguarding". Althougli die cl)arity does not deliver direct serYice8, it r¢quires beneficiary org3nisations lo provide written assurattces tliat they bave robust sufegwding polici&8 in place ond thnt th&8e are diligently implemented. REFERENCE Af4D ADMINISTRATIVE DETAII Reglstered Charfty number 109328 Prlncipal 2ddre5S 82A Stranmillis Road Belfast Co. Antrim BT9 SAD Trustees D M C Magill J M Magill P Murray P Shevlin L McGurk J A Magill Independent Examfner Malachy McGrady FCA M.B.McGrady & Co Chartered Accountants Sutte 2B Cadogan Hollse 322 Lisbum Road Belfast Co. Antrim BT9 6GH Approved by ord¢r of the board of (n1C¢S on 26 January 2026 and signed on its behalf by: jor) i& my,11 D M C Ma8ill - Tntee

Independent Exfimln¢r's Report to the Trustees of M&gill fiamlly Charitabl¢ Trust Independent ex&Tnlner'$ report to the trustee5 of Magill Family CharltAble Trust report to the charity trustees on my examination of the accounts of Magill Family Charitable Tnlst (the Trust) for the year ended 31 March 2025. Responslbllltles And bas1$ of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in a¢cordance with the requirements of the Charities A¢t 2011 ('the A¢t'). I report in Te5PeCt of Jny examination of the Trusvs accounts carried out under Section 145 of the Act and in carrying out my examination J have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of th¢ Act. Independent exAmlner's statement Sinc¢ your charity's gross income exceeded £250,000 your examiner musl be a member of a listed body. I can confirni Ih&t I am qualified to undertake the examination because I am & member of the Tnstitute of Chartered Accountants in Ireland, wbich is on¢ of th¢ listed bodi&%. I have completed my examination. I confimi that no material matters have Come lo my attention in conneclion with th¢ ¢xamillalioll giving m¢ Cause to b¢lieve that iu any material respect: accounting records wer¢ not kept in respect of th¢ Trust as required by Section 130 of the Act. or the accounts do not accord with those records. or tbe accounts do not comply witli the applicable requirements concerning the fomi and content of a¢counts set out in the Charities (A¢count5 and R¢ports) R¢gulations 2008 oth¢r than any requirernent that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be dr8ivn in this report in order lo enable a proper understanding of the accounts to be reached. ¥it Malachy dy CA M.B.McGrady & Co Chartered AccouDtants Suite 2B Cadogan House 322 Lisburn Road B¢lfast Co. Antrim BT9 6GH 26 January 2026

Magill Family Chai'itable Trust Statenient of Fllnanelal Aetivities for tlie Year Ended 31 March 2025 3113125 Unrestrlcted fund 3113124 Total fund5 Notes INCOME AND ENDOWMENTS FROM Donalions and legacies 367,062 136,396 EXPENDITURE ON Charitable activities Charilable Activities 304,497 119,117 NET INCOME 62,565 17,279 RECONCILIATION OF FUNDS Total ndS brought forward 18,265 986 TOTAL FUP4DS CARRIED FORWAIU) 80,830 18,265 The notes fomi pai't of these fii)ancial slalemei)Is

M8%lll f&mlly Cli¥Jrll4ble Trvjl IIAlance Slieet JI March 2025 3113125 Unreslrlcted fund 3113124 TotAI fund. Notes CURRENT ASSETS Dcbtors L.llsl) al I)11)k 81261 7J35 34,765 s96 34,765 CREDITORS Amounts falling duc M'ithin onc year {7,766) (16,500) NET CURRENT ASSETS 80030 18,265 TOTAL ASSETS LESS CURRENT LIABILITIES 80,830 18,265 NET ASSETSI(LIABJLrrIES) 80,830 18,265 FUhs Unrestricted funds 80,830 18,265 TOTAL FUNDS 80,831) 18,265 Thc fill1¢1a1 siatemcnts wcre approved by thc Board ol TNstecs and authorised for issue on 26 January 2026 and were signed on its bchalf by: •on/@ J178011 D M C Magill - Tn¢¢¢ Thc nolcs fomi part of thcsc financial slalcmenls

Magill Family Charltable Trust Notes to the Fiijancial Statements for the Year Ended 31 March 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity undei. FRS 102, have been prepai'ed in accordaiice witli the Charlties SORP (FRS 102) 'Accounting and Reporting by Cliarities.. Sialement of Recommended Practice applicable lo charities pi'eparing their accouiits in accordance with the Fiiiancial Repoi'ling Standard applicable in Ilie UK and Republic of Ii'eland {FRS 102) (effective l January 2019),, Financial Repoi'ling Standard 102 'The Fiiiancial Reporting Standai'd applicable in the UK and Republic of Ireland, and Ilie Cliarities Act 2011. Tlie financial slalemenls liave been preparcd uiider the liislorical cost convention. Income All iiicome is TecolIsed in the Stateineiit of Finaiicial Activities once the charity has entitlement to the fuiids, il is probAble lIt die income will be received and tlie amount can be measured i'eliably. Expenditure Liabilities are i'ecognised as expenditui'e as sooii as there is a legal oi. consliuctive obligation committing the charity to Iliat expenditLllt. it is probable that a transfer of economic benefits will be requii'ed in settlement and tlie an)ounl of tl)e obligation cali be Ineasiii'ed reliably. Expendittire is ae¢ounted for on an accnials basis and has been classified undei. lieadings that aggi'egate all cost related to the category. Whei'e cost5 cannot be dii'ectly atlributed to particular Iieadings they Iiave been allocated lo activities on a basis consistent witli the use of I'esources. Gi'ants offered subject to conditions which have not been niet al the year end dale are noted as a coinniitnient but not accrued as expenditure. TAXation The charity is exempt from lax on its clthrilable activities. Fund accounting Urn'estricted fuiids can be used in accordance with the chai'itable objectives at the discretion of the tNslees. Resli'icled funds can only be used for particular resli'icted pui'poses within the objects of the charity. Rests'ictions arise wlien specified by tlie donor or when funds al'e i'aised for particular restricted purp05¢S. Further explanation of tlie nature and purpose of each fund is included in the notes to the fillancial statemcnts. Hire purcllase and leaslng commitments Rentals paid under operating leases are chai'ged lo Ilie Sialeinent of Finaiicial Activities on a straiglit line basis ovei. the peiiod of the lease. coiitiniied...

Maglll Famlly Chai'itable Ti'ust Notes to the Financial Statement5 - eontinued for the Yeai. Ended 31 March 2025 TRUSTEES, REMUNERATION AND BENEFITS One of Ilie trustees lias been paid i'emiineration in line willi a service agreement in place with the Inist. Denise Magill has been paid £10,000 undei. the autl)oi'ity of a pi'ovision in the Tiust's goveiming document. Tliis is remunei"alion for acting as executive secretary of the lrnsl. £5.000 of Iliis remuneration is still outslandii)g at tlie period end (2024.. £10,000). Ti'ustees, expenses There were no 31 March 2024. trustees, expenses paid for the year ended 31 March 2025 nor for the year elided COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legactes 136,396 EXPENDITURE ON Charltable activities Charitable Activities 119,117 NET INCOME 17,279 RECONCILIATION OF FUNDS Total thnds brouglit fonvard 986 TOTAL FUNDS CARRIED FORWARD 18,265 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 3113125 3113124 Other debtoi's 81,261 34,765 coiitinued...

Magill Family Charitable Trust Notes to the Financial Statements - continued for the Year Ended 31 Mai'ch 2025 CREDITORS: AMOUNTS FALLJNG DUE WITHIN ONE YEAR 3113125 3113124 Other creditoi's 7,766 16,500 MOVEMENT IN FUNDS Net movement in funds At 3113125 At 114124 Unrestricted funds Genei'al fund 18,265 62,565 80,830 TOTAL FUNDS 18,265 62,565 80,830 Net movement in fiinds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds Genei'al fund 367,062 (304,497) 62,565 TOTAL FUNDS 367,062 (304,497) 62,565 Comparatives for rnoveJneJit In funds Net rnovement In funds At 3113124 At 114123 Unrestricted funds General thnd 986 17.279 18,265 TOTAL FUNDS 986 17,279 18,265 10 conliniied...

Magill Family Charitable Trust Notes to the Financial Statements - continued for the Year Ended 31 Mal'eh 2025 MOVEMENT IN FUNDS - contlnued Comparative nel movement in fiiiids, incliided in the above are as follows: Incoming resources Resources expeiided Movement In funds Unrestricted funds General fund 136,396 (119,117) 17,279 TOTAL FUNDS 136,396 (119,117) 17,279 A cuirent year 12 months and prioi. year 12 months coinbined position is as follows.. Net movement In funds At 3113125 At 114123 Unresti'icted funds Genei?l thnd 986 79,844 80,830 TOTAL Fuf+lDS 986 79,844 80,830 A cun'ent year 12 months and prior year 12 montlis combined iiel niovemenl in fiinds, incliided in tlie above are as follows: Incoming re50lli.ces Resources expended Movement In funds Unresti'ieted funds General fund 503,458 (423,614) 79,844 TOTAL FUNDS 503,458 (423,614) 79,844 coi)Èiniied...

Magill Family Charitable Trust Notes to the Financial Statements - eontinued for the Year Ended 31 March 2025 RELATED PARTY DISCLOSURES Tl)e owners of the building MFCT opei'ates from are two of the tnislees.. Joanne and Denise Magill. The tnist pays rent lo the ownei's at mai'ket rate. Rent incun'ed during the pei'iod was £16,500 {2024.. £9,000.) Rent airears of £6,750 brought fonvard from 2024 were settled in the current year. 12