2023-12-31-accounts - Ardbarron Trust Limited

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Contents	page
Members of the board and professional advisers	1
Trustees' annual report	2
Independent auditor's report to the members	6
Statement of financial activities (incorporating the income
and expenditure account)	10
Balance sheet	11
Cash flow statement	12
Notes to the financial statements	13

Registered charity name	Ardbarron Trust Limited
Charity number	NIC101111
Company registration number	N1019008
Principal and registered office	9 Hightown Avenue
	Ballywonard
	Newtownabbey
	Co Antrim
	BT36 4RT
Trustees	Mr J R H Agnew
	Mr M J Agnew
	Mr W Agnew
	Mr M R Johnston
	Mr I J MacCorkell
	Mr E J Boyle
Auditor	BDO Northern Ireland
	Chartered accountants & statutory auditor
	Metro Building, 1st Floor
	6-9 Donegall Square South
	Belfast
	BT1 5JA
Bankers	Danske Bank
	Donegall Square West
	Belfast
	BT1 6JS
Solicitors	Hewitt & Gilpin
	8 High Street
	Holywood
	BT18 9AZ
	Edwards & Co. Solicitors
	28 Hill Street
	Belfast
	BT1 2LA

		Restricted Unrestricted	Total Funds	Total Funds
		Funds Funds	2023	2022
	Note		£	£
Incoming resources
Incoming resources from generating	funds:
Donations	5	8,980,000	8,980,000	7,830,000
Investment income	6	393,441	393,441	149,666
Total incoming resources		9,373,441	9,373,441	7,979,666
Resources expended
Charitable activities	7	- (7,652,761)	(7,652,761)	(6,617,933)
Total resources expended		- (7,652,761)	(7,652,761)	(6,617,933)
Net incoming/(outgoing) resources	for
the year		- 1,720,680	1,720,680	1,361,733
Unrealised gains on investments	11	- 38,784,110	38,784,110	36,331,652
Net income for the year		- 40,504,790	40,504,790	37,693,385
Reconciliation of funds
Total funds brought forward		- 256,800,638	256,800,638	219,107,253
Total funds carried forward		- 297,305,428	297,305,428	256,800,638

		2023	2022
	Note
Fixed assets
Investments	12	294,054,729	255,270,619
Current assets
Debtors	13	4319041	180,060
Cash at bank	14	278249020	1,356,164
		3,2551061	1,536,224
Creditors: Amounts falling due
within one year	15	(4,362)	(6,205)
Net current assets		352505699	15530,019
Total assets less current liabilities		29793055428	256,800,638
Net assets		29793059428	2561,80038
Funds
Unrestricted income funds	16	2979305,428	256,800,638
Restricted income funds
Total funds		297,3059428	256,800,638

		2023	2022
	Note	£	£
Cash flows from operating activities
Net incoming resources		1,720,680	1,361,733
_Adjustmentsfor: _
Income from investments		(393,441)	(149,666)
Changes in:
(Increase)/decrease in debtors		(7,206)	14,949
Increase/(dccrease) in creditors		(1,843)	3,205
Net cash generated from operating activities		1,318,190	1,230,221
Cash flows from investing activities
Income from investments		149,666
Net cash generated from investing activities		149,666
Net increase/(decrease) in cash in the year		1,467,856	1,230,221
Cash and cash equivalents at beginning of year		1,356,164	125,943
Cash and cash equivalents at end of year	13	2,824,020	1,356,164

Donations
	Restricted Unrestricted Total Funds Total Funds
	Funds Funds 2023 2022
	£££f
Donations
Donations received	- 8,980,000 8,980,000 7,830,000

Investment income
	Restricted Unrestricted Total Funds Total Funds
	Funds Funds 2023 2022
Interest from related parties	393,441 393,441 149,666
	393,441 393,441 149,666

Resourcesexpended
	Restricted Unrestricted	Total Funds	Total Funds
	Funds Funds	2023	2022
	£ £	£	£
Direct Costs
Grants for charitable purposes to
institutions	7,556,609	7,556,609	6,494,858
Grants for charitable purposes to
individuals
Administration of grants	73,799	73,799	102,235
	7,630,408	7,630,408	6,597,093
Support Costs
Governance costs	17,099	17,099	12,687
Travel expenses	4,686	4,686	7,587
Bank fees	568	568	566
	22,353	22,353	20,840
	7,652,761	7,652,761	6,617,933

Investments Movement in market value
	2023 2022
	£ £
Market value at 1 January	255,270,619 218,938,967
Net gains on revaluations in the year	38,784,110 36,331,652
Market value at 31 December	294,054,729 255,270,619
Historical cost at 31 December	2,162,899 2,162,899

Restricted Unrestricted Total Funds	Restricted Unrestricted Total Funds	Total Funds
	Funds Funds 2023	2022
	£ £
Investments in UK related party	- 294,054,729 294,054,729	255,270,619
13. Debtors
	2023	2022
Amounts owed by related parties	393,441	149,666
Other debtors	37,600	30,000
Prepayments		394
	431,041	180,060

14.	Cash and cash equivalents
		2023	2022
	Cash at bank	2,824,020	1,356,164
15.	Creditors: Amounts falling due	within one year
		2023	2022
	Accruals	4,116	6,205
	Amounts owed to related parties	246
		4,362	6,205
16.	Unrestricted income funds
	Balance at	Incoming Outgoing Gains and	Balance at
	I Jan 2023	resources resources losses	31 Dec 2023
		£ £ £
	General Funds 256,800,638	9,373,441 (7,652,761) 38,784,110	297,305,428

Analysis of net assets between funds
	Net current
	Investments assets	Total
	££	£
Restricted income funds
Unrestricted income funds	294,054,729 3,250,699	297,305,428
Total Funds	294,054,729 3,250,699	297,305,428

the year:
	2023	2022
	£	£
Henderson Wholesale Limited	4,198,000	3,379,000
Henderson Retail Limited	3,258,000	2,876,000
Henderson Foodservice Limited	897,000	490,000
Henderson Technology Limited	279,000	179,000
Henderson Group Property Limited		455,000
John Henderson (Mallusk) Limited	348,000	451,000
	8,980,000	7,830,000

Ardbarron Trust Limited Signed Accounts PDF Final Audit Report 2024-07-26

Created: 2024-07-26 By: Nicholas McMinn (nick.mcminn@bdoni.com) Status: Signed Transaction ID: CBJCHBCAABAA4gkaXJ_0sCYpeF1uItYL6nXuSVZoBj-u

Document created by Nicholas McMinn (nick.mcminn@bdoni.com)

2024-07-26 - 9:53:53 AM GMT

Document emailed to Nigel Harra (nigel.harra@bdoni.com) for signature 2024-07-26 - 9:53:58 AM GMT

Email viewed by Nigel Harra (nigel.harra@bdoni.com) 2024-07-26 - 9:55:27 AM GMT

Signature Date: 2024-07-26 - 9:56:31 AM GMT - Time Source: server

Agreement completed. 2024-07-26 - 9:56:31 AM GMT