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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|
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|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|
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|||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|
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|||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|
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|||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|
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|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_|
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|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_|
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|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|
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|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|
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|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|
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|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**|
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||Balance at
Balance at|
|---|---|
||1 Jan 2023 Cash flows31Dec2023|
||£££|
|Cash at hand|1,356,164
1,467,856
**2,824,020**|
||1,356,164
1,467,856
**2,824,020**|
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|
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|
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## 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
## "Ardbarron Trust Limited Signed Accounts PDF" History
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
## Document e-signed by Nigel Harra (nigel.harra@bdoni.com)
Signature Date: 2024-07-26 - 9:56:31 AM GMT - Time Source: server
Agreement completed. 2024-07-26 - 9:56:31 AM GMT