Ch•rlty numb•r: 1053956 THE DROMINTEE TRUST TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 THE DROMINTEE TRUST CONTENTS Page R•l•r•nce •nd •thilnl•tr•tlv• dotall8 of th• Charlty, Its TnNtOe8 ¥AHI advls•r• Ind•p•nd•nt •udftor•' r•port on th• fimnelal stat•m•nts Stat•m•nt of flnancl•l •¢tlvlll 10 Balanc• she•t Stat•m•nt ol ctsh flow• 12 Not•8 to th• financi•l •tat•m•nts 13-20 THE DROMIKfEE TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, rrs TRUSTEES AND ADVISER8 FOR THE YEAR ENDED 31 MARCH 2025 Hugh Patrick Murphy Margaret Ann Murphy Robert Henry Smlth Paul Tieman Mary Agnes Middleton Patrick Hugh Murphy Joseph John Murphy Charity r•gist•r•d number 1053956 Prlnclpal offic• 1 Westmoreland Av8nu8 Thunnaston Lelcesler LE4 8PH Ind•pend•iil •udltorn Magma Audtt LLP (part of the Dalns Group) Chartwed Ac(xJunlants Unit 2, Chamwood Edge Busiress Park Syston Road Lelcester LE7 4UZ Bankers Barcl￿ Bank PIC 14 Haymarkot Towers Humberstone Gate Le1￿$ter LE11WA Br(ywn, Shipley & Co. Lkniled 2 Moorgate London EC2R 6AG Sollcltor8 Crane & Walton LLP 24 De monttc￿ Street Lelcèster LE17GB Pago 1 THE DRO￿￿TEE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 IAARCH 2024 The Trustees present their ￿nUal report together wllh the &Mltted financlal statements of tho Charlty for ts 1 Aprl 2024 1 to 31 Mwch 2025. ObJ•¢tlvts Ind *ctlvltl•• • Polkl•• and obhcllv The obleclives crf the T￿￿1 are such eXC￿1ve￿ charftable purposes as the T￿￿teeS may detennine and in particular but y￿hoUl prelLMJKe to that general statement: To provide rolief for trThe by reason of thelr age. ￿Xth. Infirn*ty. dtsabFem8nt. povety or sodal arKI economk circumstances are suffering hardship or él$tress or *e oth•rwi88 in need. To prowde relEef for 1*8ritsble purp￿$ Connected wrth thlklren's weffare In the Unlted Kln9dom or elsewhere, in particular (but wbthout lim1tati￿ to the trustees. p(yAws) the relief of need. hardship, sufferirwJ. distress of urKlerprivilW, deprived abused chlldren. To advance the educati￿ atrnrt the enhw¢emenl ol health In g￿rnI and to Fffovide. rnalntakn and replace (where not readily ava1Lqb￿ fr(xn statutory las￿rceS) rnedical 8quipment to be used in the care and treatrnenl of sl¢k ond rnlief of povety Ihe s To promote research Into the causes of arKI a cwe for tIK>8e sufferkng frLYn rare dlseasos or diBorders arnl In parti¢aAar motabolc dlsordors. To nwke donalknns to ary knstllutth or foundatlon for Ihe pwposes of Suth Institulkn's or foundation's charitable objods of such aft￿nI or amounts and In such manner generalty as the truslees sham in their absolule di8Grelion detwmine. There have been no charyes to these otyethves end polickns slnc• the Trust Was established. ft is nol the intention of the Truslees lo raise funds for the t*arity from the wblk. The Truslaas confirm they have referred to the guidarte contained in the Charity Comrnissp)n's general guidance on publ￿ bènefft vthen reviewr¥J ihe chaftys aims obJ8ctl¥88 and In planning future activ1￿ and s8tting the grant maklng pollcy l¢x lh8 • Grant maklng pollcle• Th8 Trustees consider all written apF4ication8 for grants at Trustees. meetiThJs. ￿l￿1￿)nS are considered on meril based on h¢yw closely the activit*s of the applicanl fft with the objectsv￿ of c*anty. Th8 TNsts88 hav8 s0￿m to b￿fft the wblic thr(xKJh 8 rnn98 of grants to dwritabkn causes wlthun the C(XKlitions of the Intst deed. Page 2 THE DROMINTEE TRUST TRU8TEE8' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achl•v•m•nts and p•rf0m￿￿c• • R•vl•w of actfvftl•s The Trust recelved donatlons whkh, ￿rf1h the tax recovered. amounted to £553,125 (2024 - £1,050,556). dividends on unlisted investments of £66.000 {2024 - £108,750) and bank inlerost of £98.344 {2024 - £9.152). 13 donatFons were made totalliTrJ £1,203,553 {2024 - 23 donatFons totallkvJ £1,123.015). The donations were swead over the causes that the Truslees felt were worthy of supporting end whith fulfilled th8 obiectlves of th8 Trust. They were spread betsveen local charities. the UK and Third World countries and induded donat￿n$ for rnedical thariti06, heatth. education, children's chartties and carirvJ for tha sick and their famllle8. On 19 Septèmber 2024 the Trusfs shares in Charfes Street Buildlngs Group Llmlted were sold at a galn of £4,677,398. Thls Includes an 818ment of deferred u)nsideration receivable aft8r more tr*n ¢Th year. After the net galns on Inv8skn8nts. there was a rnl Increas8 In lunds In the of £4.192.824 (2024 - £109,235). vthlth has been added to the accumulated fund. At 31 March 2025 the lotal as8ets of the Tn￿1 were £7,846,559 (2024 - £3.653,7351. . Investrnent pollcy and pwfDrmanc• Whilst the Trust has funds 8waTting distribution, these are maintained to give rise lo Ihe best rate of return. FIna￿l•l review • Golng eonc•m After making appr(yiate enquiries. the Trustees have a reasonabl8 expeciatlon that th8 Charlty has &lequate resourcos to continue in operntional existence for the foreseeable future. For this reason, they contlnue to adopt the going concem basls In preparing the financlal 6tatement8. Further details regarding th8 adopth'on of Ihe going concem basis can be found in the acrx)unting policles. Prfn¢lp•l lundlng The Truste85 are satlsf*d that the Trusfs assets are avaHable and adequate to fiJlfil its obllg8tions. Slruclur•. gov•m•nc• and m•nag•m•nt Conlthutlon The Dromlniee Trust 18 an unincorpornted charity establlshed under a Deed of SettSemenl by Hugh PaIr￿k Murphy deted 11 October 1995. The Trustees during the year and at 31 March 2025 were as follows: Hugh Patrlck Murphy Margaret Ann Murphy Robert Herry Smith Paul Tleman Mary Agne5 Middleton Patrl¢k Hugh Murphy Joseph John Murphy Page 3 THE DROMINTEE TRUST TRUSTEES. REPORT (CONTr4UED) FOR THE YEAR ENDED 31 MARCH 2024 Structure. 9ov•m•ne• arKI Manavn￿nt (conllnu•d) • M•thods of appolntm•nt w •l•¢tlon of Trust••s The 8etth)r the power to arvknt (x addlti(xwl Trustees duriryJ hls ￿e￿.Ma. Irmlfvldud Trustees are able to r881gn al any thne by notice in ￿. The ￿rrent w￿lIce is to appoint new Trustees are known to the settlor and no ftrmal checks arn Iherefixe consldwed to be necassary. • Oryanlsatlon•l •truclurn and d•ci•Don4n•klng policies The Trustees have the same fijll ar#J ￿restr￿ted p(rwers of investing and transposiNJ inve8trl￿nts as rf they are entitled *) the Trust Fwd. Pollel•s adoo•d lor th• hKluctlon and tralnlng ot Tnwt••8 Appointees are Invbted to a Trustee meeting wior to appointment. Now Truslaes recetve a copy ol the govemlng doujmenl. fmancial statem￿ts arKJ Charity COmffl￿￿ Publicatim CC3 The Essential Trustee". • Rl•k mana9•m•nt The Trustees have assessed the malor risks to the Charlty is exposed, In particular those related to tho operntions and finan￿3 of the Charty. arKI aro $8tithd that S￿toM8 and procedures are in place to mitigate OXPO8uro to tho mah)r rlsks. St•tem•nt of Tru•t•M' Mponslblltth• The Trustees are re8ponsibl8 for wepafiry the Tnjstees, rep(xt and the financial statements in accudance wlth applicable law arNJ Uniled Kingdom Acc￿n￿'n9 St￿lar￿3 (United Kir￿d￿ Ger*ralty Accepted A(xounllrwJ Practlce). The law applicable to charilies in ErwJi8nd & Wa* requires the Trustees to prepare financial ststements for eath finandal year whith glve 8 true and fair Mew of Ihe state of affairs of Ihe Charity arKI of Its incorning resources and applKation ol rosourcos. induding its income and expanditsjre. for that perk)d. In preparlng these fmandal ststornents, the Trustees are required to: seloct 8uttable aC￿l￿nIN¥j poli(ies arKI then 4ryply them c4)nslslenty. obseNe Ihe ￿thOdS and principles of the Charflies SORP IFRS 102): make judgments and accounting estlmates that are r&tsonable and piudenl: 5tste ¥thether applicable UK A¢￿untir¥j Standards {FRS 102) haNp been folkMwd. 8uilect to any materlal departwes dlscknsed and expbined In Ihe Ilnandal st8t8m8nts." preparo the financial statements on the going concern basis unless It Is Inapproprwte to presume that the Charity wlS1 contmue In trAtsIne￿. The Trustees are responsth for kwirvJ adewate 8Lxounting records that are sufficient to show and explain the Chari￿$ transactions and disclose wtth reas(Thble accuracy at any ￿rne the financial [￿>SItiOn of the Charity and enable thom to ensure that the financlal statements c4xnpty vlth the Charities Act 2011. the Charity (Accounts arKI Reports) Rwjlatlons 2fyJ8 and the prow'sions of the Trust deed. They are also responsible for safeguarding the assets of the Ch8rlty and taklrvj reasonable steps preventlon and detoctbn of fraud and other Irr•gularldès. THE DROMINTEE TRUST TRUSTEES. REPORT (CONnNUED) FOR THE YEAR ENDED 31 MARCH 2024 Dlsclosuro of Inforniatlon to audltorn Eath of th8 persons who are Trustees at Ihe time when1his Tntstw, report is approved has confirmed that.. 80 far as that Tntsteg is aware. there is no re18vant audll Informa￿On of whlch Ihe charfty5 audltorB are unaware, arKI that Trustee has taken all the steps that oughl to havè been tsken as a Trustee In order to be 8ware of any rebevant audit information and to establish that the charlvs audltors are aware of that Informatlon. Approved by order of thg members of the board of Trustees and slgned on thelr beh8M by. Maryar•t Ann Murphy Trustee Date: 13 November 2025 Pagé 5 THE DROMINTEE TRUST 4DEPENDENT AUDITORS. REPORT TO THE MEIIBERS OF THE DROMINTEE TRUST Oplnlon We have ￿dIted Ihe finan(xal statements of The Dfomntee Twst {ts 'chDrity) for Ihe er¥Jed 31 March 2025 ¥thich wmprise the Slatement of financial activities. the Balance sheet. the Statemenl of cash llows and the related notes. In￿dIng a summary of significant accounting policies. The financi81 reporbng frame￿)Ik th8t has been appl￿ in theii Preparati￿ Is applcable law and United I￿ngd￿n Accounting Standards. r￿ludIThg Financial ReportiThJ Stsndard 102 Trle Fmancial ReFrtxts'ng St8fMlard applicable in the UK and Republ￿ of Ireland, (United Kinwlorn Generaty Accepted A¢cfAJnting PractKe). In ojr oplnSon the fm8ndal ststemenls: gi￿ a true 8fKI falr vlew of the state of ts chartys affatrs as at 31 Man* 2025 and of its Incornlng resources and applicelDn of resowces lor the year then ended: have been property prepwed in wilh Unbted ￿'r￿10M Generalty Accepted Accryjnting Practlce: and have been prepared in accothce with Ihe requirernents of the Charllles 2011. Basls for oplnlon We conducted our audit in aco)rdanc8 with Intemational Standards on Audftlng (UK) {ISAs (UK)) and appllc4ble law. Our responsibilities under those standards are further describod in the Audth)rs' rosponsibilities for the audlt of the financial statem8rrts sectkn of our reprt We are r*dependent of the thwity in ac￿rdan(￿ ethical requirements that are relevant to our a￿lIt of lh8 finan(ial $tat8ments in the Uniied Kingdom. in¢ludiNJ the Flnanclal Reportlng c￿n￿rS Elhkal StarTrdard, and ￿ have fulfilled {￿r other ethical respon65bilities YI actordance *ith iheso requlrements. We believe that the S￿111 evidence we hwrfe obl￿ned is sufficient arKI appropriate to wowde a basis for our Opl￿on. Con¢luslon• r•latlng to golng conc•m In aLKlithig the financial ststements, ￿ have ￿n¢knded that the Tnffjlees. w of the wlng t￿l¢ern basis of aC￿un￿.ng In prepWati[￿ of ￿ financi81 ststements is apFYopriatO. Based on the we heve perforn￿, have not bjerrtlfied any materlal ￿t￿rtaIntleS relating to events or cond1t1o￿ that. Indtvldualty or collectlv8ty, may cast slgnlficant doubt on Ihe abillty to GOn￿nve 86 golng concern ft)r a pernd of al least tthe months from when the fina￿la1 stalem8nts are authori86d for iSSU8. Our responsibilities and the reSp￿￿111118s of the Trustees respect to ux)ing concem are deKfibed in tho relevant sedions of this reyt. Oth•r Inlormalion The other Infornialk)n (xynprfses the Infomlatlon In the Annual rep￿ otr￿r than th8 flnandal statements and our Audlt(xs' reFX)rt there￿. The Trustses are resportsible for the olher information contsined In the Annual reKth. Our opknlon on the financial stat8m8nts does not c￿r the other information and. except to the exlenl dhwwlse explkatty staled In our report ￿ do nol express any form of assurance conclusk)n thereon. Our reswnsibilty is io read tho other infom)8IK)rb and, in doin9 so, consider whether Ihe other knfomiatK)n is materially incortsistent wtlh the financial statements Of our kntr4kdge obtsined in the courne of the 8udrt. or othemse appears to be materially misststed. ff y￿ idenufy such material In(x￿s15te￿1eS or apparent material mlsststements. require¢J to determine thether this gives rise to a material missLthmenl in the fmancial statements themselves. If. based on the work ￿ h8ve performed, we condude that there Is a materlal Trlsststement of ttrds other 1nf0rrnat￿. ￿ afe rwjired to rep(xt thal fact. We have nothlng to rewt kn this r8g8rd. Page 6 THE DROMINTEE TRUST INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE DROMINTEE TRUST (CONTINUED) Matters on whlch w• r•qulred to r•port by eX￿PtIOn We h8v8 nothing to report in respect of the following matters where tha Charflies (AcLwnls and Reports) Regulations 2008 requires us to report to you If, In our ¢)plnlon: the informati￿) given in the Truste8s' report r3 incA>nsistent ￿ any material respect with the financial statem8nts,' or sufficlent a¢countlng records hav8 not been kept,. or the finandal statemènts are not In agr88ment with the accwntlng rett+rds and retums: or we have rK)I recewed all the Informatlon and explanations we require for our audlt. R••ponslbllftl•s ol trustses A8 8Xp￿.n8d moro fiilty in tho Truste88' responslbllitles ststem8nt. th8 TN$tees are respon8lble for the preparation of the finandal statements vthlch glve a true and falr vl8w, and for such Intemal conlrol as the Trustees detemine Is necessary to enable the preparation of financ181 statements that are fr80 from materlal rnisstatemenL whether due to fraud or error. In pr8parlng the finandal statements, the Trustees are Tesponslble for assessing Ihe tharivs abilily to ¢x)nlinue as a going concem. dlsdosing, as applicable, matters related to golro concern and using the goiThJ concem basis of accounting unless the TTUStees either intend to liquidate the charity or to cease oper8tions. or h8ve no albllc alternatlve bul to do ￿. Pag8 7 THE DROMINTEE TRUST INDEPENDENT AUDfToRS' REPORT TO THE MEMBERS OF THE DROMINTEE TRUST (CONTINUED) Audltt•r•' r••ponslbllltlM for th• •udlt of th• ilnanthl •t•t•m•nts We ha￿ been appolnted a5 auditry LVKler seclicm 144 of the ChHrilies Act 2011 and report In accordance wllh the A¢t and relevant regUlatK>￿ made or haviThJ effecl thereunder. r obpclprns aro lo oblain rea#￿￿ble as8ur•n¢e ab￿rt whether the fin8nts81 Statern￿ts 8s a wtK•le are free from material mSsstatemenL whether (kR to fraud or error. and to issu8 an AUdi1￿S. report that indudes our opinion. R8a8onabl8 assurance is a hwjh ￿Ve1 of assurance. bui is not a guarantee that an audit conducted In accordance wlth ISAS (UK) will aw detect a rnat8rlal mlsststement when It exists. MissL*em8nts can arlse from fraud or error and are considered materlal If. Indlvlduany or In the wJregat8. they could reasonably bo expe(I8d lo In1k*n(¥ the eco1￿￿ dedsknns of users taken on the ba6is of th88e ffflandal statements. Irregu18rit*s, induding fraud, 8re inslances of non4ompliance vnth and rewlaiions. We de51gn wocedures In Ilne with (wr resp(￿blIt18S, ¢xMlned aL¥)ve. to detect matwial rnisstslernents in respect of irregularities. IrKluding fraud. Tho exlent to vh)ith our procedures are capth of detectv￿ wregularitios, including fraLMI is detalled bekm. Basèd on our understanding of the charity and the sethr. ￿ have identified the princtpal risks of non- compllano with laws and regUlatiC￿ related lo UK Tax legislation and breaches of the Charitles Act, and we have (x)nsidered the extent to whKth rKIn4￿mplI8n¢e rn￿ht have a material eff￿t on the financlal statements. We also consld8red thos6 laws arKI regulatlons that have a direcl Impact on the preparation of the financral stat8Thnts 8u¢h as Charities Act 2011 and wovislons ol the Charities SORP {FRS 102). We ev81uate(I manag8menfs Incenbves and opportunilies ft)r fraudul8nl manlpulatlon of the financlal slatements (kncludlng the risk of override of controls) and detsnnine(i that the pri￿paI risks V￿re relalod to postiTVJ inaF)Fwats lotunal entries. and management bias in accountiNd estimates. Audit p¥￿edureS performed in¢kJded: Ewuirles with managemént for consid•ralion of known or Suspèded Ir*tsnc88 of nOn￿ompl18n¢8 wlth laws and regu￿￿0￿9 8rKI fra￿￿. Identifwng and testing ioumal entries. in partIC￿lar any i(xrnal entri85 posted vAth unU￿al account c(¥nlynations. pumal entries cre￿ltir￿d revenue, Joumal entries crediting rnsh ar￿ joumal entri88 With 8pooffic dofined descriptions. Thero are Inherent Ik)knllons In the KYoceOLtres desc*lbed above. The more rernoved n￿￿(X1￿PIIanc0 wilh laws and regulations is. from the events and transactk)ns reflected in the financial statements. the beGs1Skety we wwk1 be￿ne aware of tt. Also. the risk of nol detecling 8 m8leri81 misst81emonl duo to fraud is higher than the risk of not detecting one resultsng from error, as fraud may involve deliberate o)ncealment by forgery or intentional misrepreseniation. for examplo, lx ttrwr￿9h ￿[lUSIon. A further descjlptbn of our responsltthies for the audft of the flnandal ststanents Is located ijn the Finan081 Reporting Councifs website at: w*hv. .LthlaLhYitorsres sts'lits'es. This descripllon forms part of our Pago 8 THE DROMINTEE TRUST INDEPENDENT AUDrroRS' REPORT TO THE MEMBERS OF THE DROMINTEE TRUST (CONllNUED) Us? of our rèport Thls report Is made solely to the charitys trustees, as a body. In accordance with Parl 4 of the Charities (Accounts and Reports) Regulalions 2008. Our audit work h8s been undertaken so that we Might state to the charfvs trustees those matters we are requlred to state to them In an Auditors, report and for no other pury)ose. To the fullest extent p8m)itted by law, we do not accept or assurne responsibilty to anyone other than the charity and its trustees, a8 a body, for our 8udft work. for this report, or for the opinions we have ft>mied. - L.fvO Magma Audlt LLP (part of the Daln• Group) Chartered Accountants Statutory Auditor Unrt 2. Chamwood Edge Busln8ss Park Sysion Road Lelc8St8r LE7 4UZ Date: Magma Audit LLP are part of the Dains Group. Magma Audit LLP (part of the Dalns Group) are 8ligibl8 to act as audilcys in ternis of section 1212 of the Compani8s Act 2006. Page 9 THE DROMINTEE TRUST STATEMENT OF FW4ANc￿L ACTivmES FOR THE YEAR ENDED 31 IAARCH 2025 Unrnstrfct•d funds 2025 Total funds 2025 Total fvnds 2024 DonatK>n8 and legacbes Investm￿nts 553,125 164,344 553.125 164.344 1.050.556 117.902 Total Incom• 717. 717.469 1, 168,458 Exp•nthur• on: 1206,340 1.206.340 1.125.683 Tolal •xp•ndliurn 1206,340 1206.340 1,125,683 Net (expendllureylncome befor• net gains on Inv•stm•nts Nel gains on investments 1488.871) 4,681,695 (488,871) 4.681,695 41775 66.460 N•t mov•m•nt In funds 4.192,B24 4,191824 109.235 R•concllatlon of funds: Total funds brought forwa Net movement in furK18 3,653,n5 4.191824 3,653.735 4,191824 3.544.500 109,235 Total funds c•rrl•d forward 7,846,559 7.846,559 3.653, T35 The stat￿nI of financial aclivrbes indudos all gakns ￿ losses recognised in the ￿ar. Th8 notes on pages 13 to 20 fomi part of fuwKaal sl8￿Ments. Page 10 THE DROMINTEE TRUST BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Flx•d a•s•ts Investments 175.358 2.339,080 175.358 2.339.080 Currnnl a•s•ts Debtors.. amounts falllng due after more than one year Debtors: amounts falllng due within one year Investments Cash at bank and in hand 10 10 11 2.675.048 110.625 1.071,632 4,029.968 1.410.757 7.887273 1.410.757 Curr•nl Il*blllllo• Credltor8'. amounts falllng due wlthln one year 12 (121,587) (58,056) N•t ¢wr•nt au•ts 7,765,686 1,352, 701 Crednors.. amounts fallng due after more than one year 13 (94,485) (38.046) Total net a•s•ls 7,846.559 3, 653. 735 Charlty fund• Restricted fvnds Unrestrlcled funds 14 14 7.846.559 3,653,735 Totsl funds 7.846,559 3.653.735 The financlal stalemonts were approved and authorlsed for Issue by the Trustees and signed on Ihelr behatl by.. g( Hugh Patrlek Murphy Trustee Maryaret Ann Murphy Trustee Date.. 13 November 2025 The noles on pages 13 10 20 forni part of these fflnandal stalemerrts. Page 11 ThE DROMINTEE TRUST STATEIAEPU OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Cash flow• from op•rallng •ctMtI•s Net Cash used in oparnts'ng activib 13.318.918) (40.612) Cash flo￿ from Inv•stlng I￿1VI￿•S DlvlderKls. interests and rents from in￿51￿￿ts 164,344 6.845.417 11.071.632) 117.902 N•t c•sh provldod by Inv•sUng a¢llvlll•s 5,938.129 117￿2 C••h fiows from ffinanclng acllvltl N•t c•sh wovld•d by flnanelng a¢tlvlll•• Change In cash and cmh •qU￿1•fits In th• y••r Cash and cash e￿Jr￿1ents al lh8 beginThng of tho year 2.619311 77.290 1,410,757 1.333.467 Cash and ush •qulval•nts at th• •rMI ol th• y•ar 4,029,968 1.410.757 The notes on pages 13 to 20 fomi part of these finan¢l81 ststemen18 Pago 12 THE DROMINTEE TRUST NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 2025 Ac¢ountlng pollcles 1.1 Basls of pr•paratlon of flnanclal stat•m•nts The flnan¢lal slat8ments have been prepared In ac(x)rdance wlth the Charllles SORP (FRS 102) - Accounting and Reportrig by Charities: Statement of Recommended Practice appltcablè to charftles preparing their accounts in accordance wlth thè Financial Reporb'ng Standard applicable in the UK and Republic of Ireland {FRS 102} {effeGtive 1 January 2019). the Financial Reporting Standard applicab￿ In the UK and Republic of Ireland (FRS 102) and the Ch8rltles Ad 2011. The financial 8181ement8 have been prep8red to gNe 8 ITue and fairf view and hvrfe dep8rted frLYn the Charltles (Accounts and Reports) Regulatlons 2008 only io the extent requlred to provlde a Irue and faie wew. This d6parture has Involv￿ following th8 Chariti￿ SORP (FRS 102) published in Octob8r 2019 rather than the Accounting and ReportSng by Charities: Statement of Rec￿mmanded Practice 8ff8clive frorn 1 April 2005 whlch has since been wthdfawn. The Dromlnte8 Trust meets the definrtlon of a publlc benefit enllty under FRS 102. Assets and lialxltties are initially recogni5ed at historical Cost or transadion value unless otherwise stated In the relevant accountlr¥J pollcy. 1.2 Fund accountlng General funds are unrestricted funds wthlch are 8V8llabl8 for use at the discretion of the TnJst808 In furtherance ol the general objectives of the Charity and whi¢h hav6 not been designat6d for ollN8r purposès. 1.3 Incom• l income 19 re¢ognised once the Ch8ty has enltl8m8nt to lh8 Incorne. It Is probable that the In￿rne wlll be recalved and the arrx)unt of Inix)me recelvable Can bg measured rellably. Inwme tax recoverable in relatim to Investment Inc(xne is recognlsed at the time the investment IncA)me Is recelvable. 1.4 Exp•ndftur• Expenditu￿ 15 ffjcognised once there Is 8 legal or constructive obllgation to transfer economic benefit to a thir(I paty, It is Probab￿ that a transfer of e¢onomi¢ ben6ffts will bè required In 88ttlement and the amount of th8 obllgatlon can be measured reliably. All expendliure Is accounted for on an accruals basls. All expenses induding support costs arKI governance costs are allocated to the applicabl8 eXP8ndlture headlngs. Expenditure on charitable **vities Is Incurred on dlre¢Uy undertaking the activlties whlch further the Charivs objectives. as well as any associaled support costs. Grants payable are charged In the year bthen Ihe offer Is made except In those cases where the offer is conthtional, such grants being recognised as expenditurè when the conditions attaching are fulfilled. Grants offered subject to conditsons which have not been met at the end are noted as a commitrnont, but nol acc¥ued as expendliure. 1.5 Going concern After maklng approprlate enqulries. tho trustees have a reasonable expectstlon Ihat the Chwlty has adequate resources to continue in operational existence for the foreseeab￿ future. For this reason. th8y contlnue to adcpt tha going concern basis in prèp8rlng th8 financial statements. Further dolalls regardlng ihe adopllon of Ihe golng concern basss can b8 found in the accounting pollcles. Page 13 THE DROMINTEE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IAARCH 2025 ACC￿ntIng polkhs (contlnu•d) 1.6 Inv••tmonts Flxed assot Inveslments consist of shares gifted to the Charity by Hugh Patrick Mu￿ly, a Truste8. The initial value of the gift w83 based on other share trans8clions that occurred on a commerdal basis at a slmllar lkne lo the gift being made and was the Tn￿.8 reasonable estimate 88 to the value of the grft. The shares are revalued annualty based on a fomula *t•ich applies a percentagè dlscount from the net assel value of either the most recent ￿lar end accounts or an updated valualion. M￿￿p1[ad by the number of 8h¥86. 1.7 Int•r•sl r•c•lvabl• Interest on funds held ￿ deFX>5it Is included when receivable and th8 arnounl can be measurgd relkgbty by the Charity: this is Mrmalty upon notification of Ihe interest paid or payable by the bank. 1 A D•blors Debtors are recognised at Ihe settlement artMJunt after any trade disc￿nt offefed. Prepayments are valued at the amounl prnpfikl not of ary trade discounts due. 1.9 Cash at bank and In hand Cash at bank Indudes cash and short terni hlghty Wld Investrnerbts th a short maturtty of thrne months ¢y less from the date of acquisition or opening of the dep￿1 or similar account. 1.10 U*bllllkn¥ and provt•lon• Liabilities are recognised wt￿1 Ihere is an ob1vatic￿ 81 the Balance date as a resull of a past event, tt is probable that a transfer of e￿noMIC benefft *ill be requlred in settlement, and the amount of the sett*m6nt can be eslimated reliably. Liabilibes arn recognised at th8 ￿Trt thal the Chty ant'cipates it will pay to sotue Ihe debt. Judg•m•nts In •pplying a¢counting polkl•s and k•y sourc•s of •slbnatlon unc•rtalnty Certaii of the amwnts kn the financlal statements Thofve the uge of judgement andlor 8slwnatiw. The judgements and estimates ar? based on Ihe Tnjstees. best kn¢?*￿ge of Ihe relevant facts and circumstances and have regard lo prior experience. but actual results may differ from the amounts InC￿ded in the fmandal statements. Informath?n ab(xrt such judgements and estimatlon uncertainty 15 conlained in the ac(¥unting Oicies andlof r￿te6 to the financial statements and the key arEa we summartsed ￿1￿. illcal accounting estimates and assurnptions: The Charlty carries ils fixed asset k)Nwlments al tsr value as set in note 1.6 above arKI note 9 Page 14 THE DROMINTEE TRUST NOTES TO THE FINAMCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Income from don•tlons and18g•cl Total fund• 2025 Total funds 2025 2024 Donations (irthiNJ in¢tyne tax r￿0Vered) 553,125 553.125 1,050,556 Total 2024 1,050,556 1.050.556 Invostm•nt Incom• Unr•strl¢t•d funds 2025 Tolal funds 2025 Total 2024 108. 750 9.152 Bank interesl feceivable 98,344 164.344 164,344 117.902 Total 2024 117.902 117.902 Grants payable Grarbts to Instltution• 2025 Total lund• 2025 Total funds 2024 Grants (see 6) 1.203.553 1203.553 1,123,015 Total 2024 1, 123.015 1,123,015 Pago 15 THE DROMINTEE TRUST NOTES TO THE FINANCIAL STATEAIEKrs FOR THE YEAR ENDED 31 MARCH 2025 Grants to Instltutlons 2025 2024 An an•lysl• of th• paym•nts rnade In th• y•w Is M follaws: CorrfeierKia Epswl de Costa Rica Don Bosco. Sri Lanka {Juniof Seminary) Don Bosco Colege Narsipatnarn Fello%￿hIP and Aid to the Chri$tMns of East (FACE) March For Llfe UK Lith S*8rs of the Poor Our Lady Queon (rf Peace Pastoral Ar88 Matys Meals Ltxwiborough Schools F￿nd81￿7 Don Bos¢o. The Hsfflrabad {klunwda Hostel) Intercwe Lel The Chlldren LNel Marf& Curie Stèps Conductiv8 Edutxth)n C6ntre Cons018ta Fathers Raknbows AfrKan MIS￿ The Alr Ambulance Service Ratdllle Coll890 Catholk Bursary Don Bosco Navajewan Bala Bhavan vWkhaffWtr￿rn Faughart Parish St John the Baptist RC Cl￿rch in Rodoc Mostar 666.1)02 304.882 30,000 85.1)00 89,OLIO 10.(X 10,000 20.iKIO 46.806 125.tXKI 20.LX 10.000 20.000 20.000 174,710 12.000 10.000 12.000 39.378 35.035 155,914 50,000 91,785 1.203.553 1.123.015 Support Costs 2025 2024 Gov•rnanc• costs Accountancy fees Audlt fees Sundry 1A75 1.285 27 1.475 1,105 88 2.787 2.668 Page 16 THE DROMIPITEE TRusr NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Audltors. remunerntlon 2025 2024 Fees payable to the Charivs aurfrtor for th8 ￿￿111 of the Charfvs accounts 1385 1,105 Fees payable to the ChaWs audllor In respect ofr. All non-audlt not included above 1A75 1.475 Flx•d a•s•l Inv••tm•nt• Unll8t•d Inv••knents Cost or valuatlon At 1 Awil 2024 Dlsrx)8als Revaluations 1339.080 (2,168,019) 4.297 At 31 March 2025 175,351 The Charws investments at 31 March 2025 comprise a shareholding in Charfes Street Buildings Properties Limrted. The shares in Charles Street Bull dings Group Llmiled were sold on 19 Seplember 2024. 10. Debtors 2025 2024 Du• after mor• than on• y•ar Other debtors 2.675.048 2026 2024 Du• wlthln on• y•ar Tax recoverab 110,625 11. Curr•nt as••t Inv•strn•nts 2025 2024 Flxed torm d8p081ts 1.071,632 Page 17 THE DROMINTEE TRUST NOTES TO THE FINANCIAL STATEMEPtrs FOR THE YEAR ENDED 31 MARCH 2025 11. Curr•nt I￿1 Inv•slm•nt• IMnllnu•d) Current asset invesbnents ￿nSISts of a fixed term dwli a(mJnts wAh a maturity of 3 months or more from incepts"on. 12. Cr•dftcn: Amounts falling du• withln on• y•ar 2025 2024 118,827 2.760 55,476 2.580 Acc￿￿16 121.587 58.056 Other creditEar 175,358 175.358 7.887.273 7,887.273 (121.587) (121,587 {94,4851 194WI Total 7.846,559 7.846,559 Page 19 THE DROMINTEE TRUST NOTES TO THE FINANCIAL STATEAIEKTS FOR THE YE￿1 ENDED 31 IIARCH 2025 15. Anaty81# of n•t a•s•ts b•twwn funds (eontlnu•d) of n•t aM•ts b•lw••n fun& . fv y•ar fimds 2024 2024 Flxed assel Investrnents Current assets Credrtors due within one y88r Credilors due in rrm than ono 2.339.080 1.410, 757 {58,056) (38.046) 2,339,080 1,410,757 (58.056) (38.046) Total 3.653. 735 3,653. 735 16. R•l•t•d party Iransactlo No Trustees, who are lh8 key p￿)nnel, or Pers￿ wrth a famity or kniness corThthn V￿th a Tru8tee. recelved In the >par. directy or indiredty. from the Trust {2024 . £Nil). No eXPer￿eS wore relmbursed lo the T[￿lee8 durfng the (2024 - £NII). Thwg ￿Tre em￿0￿ of the Charity [￿ring the ￿ (2024 . N¢Y*). During the star donatK)ns receNed frcKn Hugh Patslck Murphy £200,OCX) (2024 - £300.000), Margarel Ann Murphy £200,IX)0 (2024 - £375.OCKI), Patrick Hugh MurFthy £Nil (2024 - £15.01)O). Joseph Jthn Murphy £42,500 (2024 - £15.0(Ki) arKI Mary Agnes Mhddleton £Nil12024 - £125,1)Jo). Durlw Ihe year a donatlon was recelved from MeRon No.1 Limited of £NH (2024 - £13,056). Joseph JL*)n Murphy is a director and shardK)Ider of the c￿mpanY. Durlng the year, the Charfty held klvestments. from whlth li recetr¥ed dlv5dends from. In Charles Str88t BLikJings Group Limited. and Charles Street Bulldings PToperties Lknlted. ￿nPanIeS in whic*b Hugh Patrick Murphy. Margaret Ann Murphy, Mary Middlet￿. Patrick Hugh Murphy J(wh John Murphy are direG*or5 arKI sharehol(lern. The shares In Charles Streel B(rtldlThJs Group Llmlted we sold on 19 Septwnber 2024. P4è 20