Page 2 ARDBARRON TRUST LIMITED COMPANY LIMITED BY GUARANTEE Trustees, annual report Year ended 31 December 2022 The ti-listees, wlio are also directoi's foi. tlie purposes of compaiiy law, pi'eseiit tlieii. repoit aiid the rinaiicial stateinenls of ilie cliai'ity for tlie year elided 31 Deceniber 2022. Refei'eiice and a(Iministi'Ative (Ictails Registei'ed Office.. 9 Fliglitown Avciiiie, Newtowiiabbey, Co Ai)trim, B T36 4RT Coinpany Registration No.: NIOI 9008 Noitlici'ii Ireland Cli<il'iiy Coinin issioii No. NIC I O I I I I The triistees Tlie trLlStees wlio 8erved tlie cliai'ity duriiig the pei'iod were as follows.. Mi. J R 14 Agiicw Mi. M J Agiiew Mr G W Agiiew Mr M R Johiiston Tho following triistecs were appoiiitcd aftei. tlie period eiid: M I. l J MacC.(Ii'kcll (appoiiitcd 15 February 2023) Mi- r. .1 Boyle (ai)poiiited 15 FebrLiary 2023) Governing Doeunieiit Tlie oi'gaiiisatioll IS cl Lliaritable comp4lliy liinited by giiaraiitee, ii)corporat¢d oli 12 Deceinbcr 1985, aiid as .SLiclI tlie liability of ekich uf its InLinbers is liin ited. Tl)e coillpaiiy is governed by its l)oai-d of triistces who opei'c1tc as detailed iii the governiiig docLiiiieiit for tlie cli?¢ I'ity. wliicli 1% tlie Meinoi'ciiicliii aiid Ai'ticlcs ol" Associatioii. lii tlie event of tlie coinpany beillgr woiiiid lip Inenibei's al'e required lo conh-ibule ali ainoiiiit iiot cxcc¢ding £1 . Appointmcnt of Triistees Under tlie I'Lquireinents of Ilie Meiiior1c nduin aiid Aiticles ot Associatioii, the compaiiy Inay from tiine to tiine iii Ciciieral Meetingrs jiici'ease oi- rediicc th¢ IiLiinber of ti'iistees, aiid detci'in ili¢ iii Nvhat rotation sucli iiici'eased or i'ediiced iiuinber sliall go out of office, aiid mak¢ the appointmeiits necessary for effecting aiiy sii¢li iiici-ease. Ti'ustee Induction an(1 Trailiing Ti'iistee Imcmbei-s are fainiliar witli tlie practical role of tlie cliarity. Additional iiew li'iistees will be encouraged to attend appropriate ¢xterAal traiiiiiig Cveiits wherc these will facilitate tlie iindeitaking of tlieii. role. Organisation Tlie board of ti'iistees manage and direct the cliarity. Tlie board of trustees iiieet regiilarly to facil itate effective opei'alions and ensiii'e the cliarity delivers tlie services specified. Related Parlies Thi-ee of ilie tl-LlStees are also d irectoi's of Jolii) Heiider5011 (Holdiiigs) l.imited. Two of tl)ese ti'ustees al'c also directors of Heiid¢is01i Wliolesale Lii)iiled, Hendersoii Retail Liiiiited, Heiidei'soii Foodservicc Limited, Flendersoii Groiip Property Liinited, Joliii Heiidei'soii (Mallii.sk) l.iiniteil,
Page 3 ARDBARRON TRUST LIMITED COMPANY LIMITED BY GUARANTEE Trustees, annual report Icontlnuedl Year ended 31 December 2022 Heiidei'soii Teclii)ology Liinited, McCJll'l' Retail Ltd ai)d J&U McGii'i' Pi'operty Liinited. Tlie coinpaiiy liolds 8,860 £ I 'A' ordii)ary sliares {24.90/0 of total), 80,114 £1 'B' oi'dinaiy noii-votiiig shdres (100% of total) aiid 1,179 £1 'C' oi'diiiiiry noii-voting sliares (IOOO/ts of total) ii) Jol)ii Heiidei'soii (Floldings) Liinited. Risk Managemeiit Tlie compai)y lias a risk Indiiageiiieiit strategy iii place wliicli coinpi'is¢s an aiiniicil revicw of the Inajor risks to wl)icli tlie cliarity i.s exiiosed, iii pai'ticiilai. tliose related to ilie operdt.ions and fiiiances of tl)¢ coinpaiiy. aiid tlie establisliinent of systems aiid procedLires tn mitig<ite tlio.sc ri.sks. Tlie board of Iriist6es air siitisfied tlial sysleins are in place lo initigate exposiii'e to tlie Inajor I'isks. Objectives an(1 IlL'tivities Piiriio.fe.s Tl)¢ 'frLlSt exists to proinote tlie Cliristiaii Gospel in Word and Di'Ld, to liclp iii tlie prevciition aiid relief of povcily, tlie provision ofr" licalthcare and litcracy, aiid tlie i'eli¢f of tliose iii IlLed by i'cason ot- yOLltlI, ag¢, ill-liealth. disabilily, finaiicial h<ll'ds1)ip oi. otl)er dis1( dvaiitage. BL*neficirtrie. The iilliinale beii¢fiLiariLS are people in the IJK aiid tlii-oii&ylioiit tlie world as gTraiils are provided to Ulc i-egyislei-ed chiirilies aiid Lliarilie5 Uperaliiig ii) Ilie DevelopinLi world. Aclivilies To acliieve its piirpo.scs, tlie Triisi providcs finaiiLiiil supi)oi'l by way of LyfÉl1)ts. To malce tliis dffistributioii ol gi'aiits Possible, thc .1 I'iist reLeivLd a donatioii trum Johii Heiider5017 (l.loldiiigs) LimilLd. ReLyiilai' teedbiick is provided by tlie cliaritics siippoi'tLd. Piiblic Bcnefil. StatemelltlDL%claratllon -rile ti'iislLe$ 13ave takLii instl'Liclioii on both tlie Cliarities Act (Nortlierii li'elaiid) 2008 aiid tlie Coiiipcl1)ics Act 2006. Tlicy liave coiisidered iii particulai- tlie obligati0115 In]POSLd iindei. tlie Pliblic benefits test of tlie Cliai'ities Act (Noi-tliern li'eland) 2008 aiid can coiifii'in that the ¢118rity meets tlie ci-itei-lci set down tliereiii. Ardbarron 'frLisI Liimiled becaine registei'ed witli Tlie Cliarity Coiiiiii issioii for Northerii Irelcind 011 20 Marcli 2015. Acliievements DITYing tli¢ y¢ai- iiiider irview, tli¢ Ti-list awai'ded graiits totalling £6,494,858 to 290 01-gaiiisations recognised for tlieir work and ¢xpei-ieiice in tlie ai'eas specitied. Beiieficiarics are assessed and decision.s are Inade based oli tlie ti'iistees, iiiidei-staiidiiig of tli¢ii- ability to lis¢ graiits wisely li) fiilfil liiig tlieir objectives, aligiied to tlie Trii.st'.% objective.s. Resti'ietions oil who cali benefit Given tlie broad I'62iige of oi'gaiiisatiotis tliat iEceive gi'¢1nts fro1 tlie Triist, tlieiE al'e iio I'estri¢tioiis oli wlio can ultiiiiately benefit from the Trust'b activilies iii findiicially siipi)oi'ling tliose oi'ganisatioiis wlio arc pi'oviding services aiid oppoi'tLIElities for the impi'oveinent of all. Hall It is coiisidei'ed I'l)at tlie PLiblic boiief Its of the Tiiisl's activities oiitNveigli any poteiiti1c I licll'ln.
Page 4 ARDBARRON TRUST LIMITED COMPANY LIMITED BY GUARANTEE Trustees, annual report Icontlnuadl Year ended 31 December 2022 l)i'ivate Benefit Gi'ants are paid direct to irgislered charities and as Slich tli¢i'¢ sliolild be iio private benefit. Modest gi-ants to Sillaller local cliai'ili¢s are con8idei.ed incideiit<?l. Aiiy pi'ivate benefit tliat Inay ai'ise 18 coiisidei'ed iiicideiital lo ilie piibl ic beiiefit. FiiiAneiAI revieiv Tlie detailed reSLilts for tlie period, and the coinpAiiy's fii)allCi<l1 positioii at tlic p¢riod eiid al'e sliown iii tlie attaclied f ill<iiiLial staleimcnts. Tlie total iiiiresti-icted iiicoming rcsoiii'c¢s foi. tlie pei-iod iiinoiintLd to £7,979,666 (2021: £5,361,000), willi expeiiditiii'e of £6,617,933 (2021 .. £4,990,486). IEsiiltiii(Y jii nel iiicoiniiig resoiirces foi. tlie year of £1.361,733 {2021.. £370,514). Iliei'e were also iiiii'e<ilised gaiiis on iiive.stineiits of £36.331,652 (2021 . £30,456,165). Tliis leave.s iiiiresti'icted fliiids of £256,800,C).38 (2021.. £219.107,253) at the yeil1- eiid. Tlie Inain iiicviii iliL¥ fe8oLlI'ces of tlie cliarity at-e donatioiTrs. Ileserves Policy Tlie trustees fetyl Ilial as Ilie level of cli<iritabl¢ expeiidiliirb iii any oiie pei-iod is bcisLd oli thc levcl of doncltioiis i'ccciv¢d iii tliat pei-iod aiid that the a5noiiiit of adiniiiisti'ative expenditiii'L is miiiiinal. tlie eoinpany does iiot iieed to Iiolcl sigiiific¢l1)t amouiits iii I'eset-ve5. At pi'csciit tliere ar¢ Iiositive free rcserves of £1.530,019 (2021- £168,286). Plaiis foi" future pei'iod 'r]ie coillpaiiy pl(tiis to coiitiiiiie tl)c activitie8 oiitliiied above iii the foitlicoin iiig years. .Statemeiit of Compliaiice- Piiblie Beiiefit Iii e.£tablisliiiigy tlie obje¢lives aild plaiitiing of distriblilioii of gyi'clllts for tlie year, tlie ti-ustees licive giveii Cdiyfiil considcratioi) to Ilie Cliai-ity Cominissinn foi- Not'lliei-n Li-eland's guidanbe (Seclioii 4 of the Cli(11-ities ALt {Norlliern IrLlaiid) 2008) on piibliL benefit to eiisiii-e tliclt tlie activities have hclpcd to (ichi¢ve ilie I rLlSt's purposes and provides a benetit to beneticiai'ies. Ti'ustees, responsibilities statement Tlie trLlStees (wlio al'e also the direcloi's of Ardbai'i'on Ti'iist Liinited for tli¢ piirpose5 of coinpany law) ,21'e respoiisible for prepariiig tlie Ti'iistees, annual report and the fiiiaiicial stateineiit% li) accordaiice witli applicable law aiid I'egulatioiis. Coinpany law reqiiiiES tlie Iriistees to pi-epare fiiiaiicial slaleineiils foi. eacli fInclncial year. Uiidei. that law tlie tl'L15tees have elecled to prepai-e the fiiic11ICicil stateinents iii accordance ivitli Uiiited Kiiigdoin Geiierally Accepted Accoiinting l)iactice (Uiiited Kiiigdoin Accoiintiiig Standards and applicable law). Under compaiiy law the tiiistees miist not approve the financial stateineiits iiiiless tliey are satisfied that tliey give a trlie aiid fair view of the state of affairs of the cliarity aiid tlie incoin¢ and ¢xpenditiii'e of tlie cliarity foi. tliat period.
Page S ARDBARRON TRUST LIMITED COMPANY LIMITED BY GUARANTEE Trustees, annual report Icontlnuedj Year ended 31 December 2022 In prepariiig these fiiiaiicial statements, Ilie I'rLlStees ai'¢ I'eqLiired to: select suitable aceoiinting polieics aiid tlieii apply tliein eonsistently. obsei-ve tlie iiietliods aiid i)riiicipltts iii tlie Cliai'itie.% SORP. Inake jiidgemeiits and accoiii)tiiig estimates tliat are i'easonable and prLideiit' aiid PIEpare the financial stateilleiits oli tlie going coiicei'ii basis iii)less il is iiiapi)ropi'iate to pi-esiime tliat tlie charity will coiitiiiiie in opei'ation. I'lie triistees i< re respoiisible foi- keepiiigJ ddequale accoiiiitiiig records Iliat al'e siifficieiil lo sliow aiid explain tlie Lliarily's transaetioiis aiid disclose ivith reasoii£lble acciii'acy at aiiy tiine tlie fin(InLial position of ilic cliarity aiid enabl¢ tlicm to eiisiire tliat ilic fiiiaiicial slatemeiits comply with the Cotnpaiiies Act 2006. Tliey dre also responsible for safegiiai'ding tlic assLts of ilic charity aiid l)en¢e foi- takingJ reasoiiable steps foi. tli¢ pi-eveiition and deteclioii of frÉ2iid (Ind ot'her irr¢giilai'ities. Eacli ot tlie p¢i8oiis wlio is a tl-LlSt¢e al the date ot approval oftliis i-epoit coiifirins that.. so far as eacli trustec is aw<1re, tliet-e is iio rclevaiit alidit infoi-In<ltioii of ivhicli Ilie ch(ti'ily'S aiiditoi- is iiiiaware; ai)d eitcli truslLe lias lakeTI all steps tliat Ihey oiiglit to liave taken as a ti'iistee to Inake tlieinselves aware of ¢iny i'elevaiil HLI(lit inf(Irmalioii Hiid to e5tabli8h tliat tlie c111( rily's auditoi- is awcire of iliat iiiforiiiatiott. Auditor Thc auditoi-s, BDO Nortlierii Irelaiid liavc cxpi'cssed tlieir willin&riicss to coiitiiiiie ii) office and a resollltion to re-appoint tliem will be proposed at tlie anniial geiicral Irtcetiiig. Small comi)any exemi)tions Tliis i-epoit lias bcci) prepar¢d in accordanc¢ with the provisioiis applicable to coinpanies entitled to tlie sinall compaiiie% exemptioii. R¢gisteitd office: 9 Higlitown Aveiiue Ballywonard Newtownabbey Co Antrini BT36 4RT Sigiied on bel)alf of the tr115tees Mr J R H Agiiew Cl)ai'ity Ti'iistee