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REGISTERED COMPANY NUMBER: NI649848 (Northern Ireland)
REGISTERED CHARITY NUMBER: NI01107









Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 December 2023

for

The Margaret Finley Trust

The Margaret Finley Trust






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5 to 6

Notes to the Financial Statements 7 to 11

The Margaret Finley Trust (Registered number: NI649848)

Report of the Trustees
for the Year Ended 31 December 2023


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
To provide relief to disadvantaged or disabled members of society through financial aid initiatives that provide a degree of support in their constant struggle with physical or mental challenges in society. The focus of the charity, on behalf of the public, would provide financial relief associated with initiatives supporting the following:

1) Educational and support schemes in sport, arts & education projects for the disadvantaged or disabled.

2) Personal development, training & learning assistance to the disadvantaged or disabled.

3) Health & medical support for disadvantaged members of society suffering from ill health or disease.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
The Margaret Finley Trust has continued to give funds to deserving organisations, who continue to care and support members within our community.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
NI649848 (Northern Ireland)

Registered Charity number
NI01107

Registered office
Builidng 2 The Sidings
Antrim Road
Lisburn
BT28 3AJ

Trustees
I Bailey
Mrs E Bailey


The Margaret Finley Trust (Registered number: NI649848)

Report of the Trustees
for the Year Ended 31 December 2023


REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
KGA Accountants LLP
Building 2
The Sidings
Antrim Road
Lisburn
Co. Antrim
BT28 3AJ

Approved by order of the board of trustees on 11 September 2024 and signed on its behalf by:





I Bailey - Trustee

Independent Examiner's Report to the Trustees of
The Margaret Finley Trust
I report on the accounts of the company for the year ended 31 December 2023, which are set out on pages four to eleven.

Respective responsibilities of charity trustees and examiner
As the charity's trustees (and also the directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006.

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
- follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act
- state whether particular matters have come to my attention.

Basis of the independent examiner's report
I have examined your charity accounts as required under Section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) 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 included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning 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 to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
4. That there is further information needed for a proper understanding of the accounts to be reached.

Independent examiner's statement
I have completed my examination and have no concerns in respect of the matters (1) 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.








Eunan Kerlin FCA

KGA Accountants LLP
Building 2
The Sidings
Antrim Road
Lisburn
Co. Antrim
BT28 3AJ

11 September 2024

The Margaret Finley Trust

Statement of Financial Activities
for the Year Ended 31 December 2023

2023 2022
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 40,000 70,000

EXPENDITURE ON
Charitable activities
Connecting minds 21,855 43,600
Gifts 7,656 1,065

Other 372 500
Total 29,883 45,165

NET INCOME 10,117 24,835


RECONCILIATION OF FUNDS
Total funds brought forward 20,914 (3,921 )

TOTAL FUNDS CARRIED FORWARD 31,031 20,914

The Margaret Finley Trust (Registered number: NI649848)

Balance Sheet
31 December 2023

2023 2022
Unrestricted Total
fund funds
Notes £    £   
CURRENT ASSETS
Cash at bank 41,554 31,065

CREDITORS
Amounts falling due within one year 6 (836 ) (860 )

NET CURRENT ASSETS 40,718 30,205

TOTAL ASSETS LESS CURRENT LIABILITIES 40,718 30,205

CREDITORS
Amounts falling due after more than one year 7 (9,687 ) (9,291 )

NET ASSETS 31,031 20,914
FUNDS 9
Unrestricted funds 31,031 20,914
TOTAL FUNDS 31,031 20,914

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial 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 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


The Margaret Finley Trust (Registered number: NI649848)

Balance Sheet - continued
31 December 2023

These financial statements have been prepared in accordance with the 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 11 September 2024 and were signed on its behalf by:





I Bailey - Trustee





E Bailey - Trustee

The Margaret Finley Trust

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial 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 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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting 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 recognised 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 legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable 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 raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2023 2022
£    £   
Auditors' remuneration 372 500


The Margaret Finley Trust

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.


4. STAFF COSTS

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 70,000

EXPENDITURE ON
Charitable activities
Connecting minds 43,600
Gifts 1,065

Other 500
Total 45,165

NET INCOME 24,835


RECONCILIATION OF FUNDS
Total funds brought forward (3,921 )

TOTAL FUNDS CARRIED FORWARD 20,914


The Margaret Finley Trust

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 426 -
Accrued expenses 410 860
836 860

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other loans (see note 8) 9,687 9,291

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due between two and five years:
Other loans - 2-5 years 9,687 9,291

9. MOVEMENT IN FUNDS
Net
movement At
At 1.1.23 in funds 31.12.23
£    £    £   
Unrestricted funds
General fund 20,914 10,117 31,031

TOTAL FUNDS 20,914 10,117 31,031

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 40,000 (29,883 ) 10,117

TOTAL FUNDS 40,000 (29,883 ) 10,117


The Margaret Finley Trust

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.1.22 in funds 31.12.22
£    £    £   
Unrestricted funds
General fund (3,921 ) 24,835 20,914

TOTAL FUNDS (3,921 ) 24,835 20,914

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 70,000 (45,165 ) 24,835

TOTAL FUNDS 70,000 (45,165 ) 24,835

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.1.22 in funds 31.12.23
£    £    £   
Unrestricted funds
General fund (3,921 ) 34,952 31,031

TOTAL FUNDS (3,921 ) 34,952 31,031

The Margaret Finley Trust

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 110,000 (75,048 ) 34,952

TOTAL FUNDS 110,000 (75,048 ) 34,952

10. RELATED PARTY DISCLOSURES

A trustee of the company donated 100% of the income in the year.