COMPANY REGISTRATION NUMBER N1019008 ARDBARRON TRUST LIMITED COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS 31 DECEMBER 2023 Charity Number NIC101111
ARDBARRON TRUST LIMITED COMPANY LIMITED BY GUARANTEE Flnancial statements Year ended 31 December 2023 Contents page Members of the board and professional advisers TfUStees' annual report Independent auditor's report to the members Statement of financial activities (incorporating the income and expenditure account) 10 Balance sheet 11 Cash flow statement 12 Notes to the financial statements 13
Page 1 ARDBARRON TRUST LIMITED COMPANY LIMITED BY GUARANTEE Members of the board and professional advisers Reglstered 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 MrJRHAgnew Mr M J Agnew Mr G W Agnew Mr M R Johnston Mr l J Maccorkell MrEJBoy Auditor BDO Northern Ireland Chartered accountants & statutory auditor Metro Building. 1 st Floor 6-9 DonegaS1 Square South Belfasl BT15JA Bankers Danske Bank Donegall Square West Belfast BT16JS Solicitors Hewitt & Gilpin 8 High Street Holywood BT18 9AZ Edwards & Co. Solicitors 28 Hill Street Belfast BT12LA
Page 6 ARDBARRON TRUST LIMITED COMPANY LIMITED BY GUARANTEE Independent auditor's report to the members of Ardbarron Trust Llmlted Year ended 31 Decernber 2023 Opinlon on the finanelal statenients We have audited Ihe fiiiaiicial slalcments of Ai'dbarron I"rusi Limited ("the Charitable Coittpany") for Ilie year ¢nded 31 Deceinbei. 2023 whicli comprise Ilie stnl¢menl of fLnancial activities (incorporating Ilie incon)¢ and expenditure account), the balance sheet, the cash flow statenieiil and notes to the finaiicial statcnients, iiicludiiig a siimmary of sigiiificant accoiinling policies. The financial irpoi'ting ramewoi-k that has bccn appli¢d in thcii. piepai"atiun is appliLdble law and Uiiitcd Kingdoin AcLuunting Slandtirds, includiiig Financial Rcporlii)g Standard 102 Thc financial RepnttlllR Sliind&rd aw)lical)le in Il)e UK and Repiiblic of ireland (United Kingdom Genekally Acc¢pied Accountin8 Pracltce). Tn our opiiiion. the fiiiaiicial stalcmenLs- givc <1 true and fair view of thc sl<itc of tlic Chdritable Company's affdll's as at 31 DcceTnbcr 2023 and of. ils intyoming rcsources aiid applicalinn ot"ILSOUI'ces t-or the year thL"n endcd; hav¥ b¥en pi'opbi'ly pi'epared in aiLurdatice wilh UnitLd Kingdun] G¥nerally ALcepted AcGounting Piactice" and have heen pi'tsphred in accorddsice with thc requii'einenls of thG Cvmpanies Act 2006. Bllsis fur vpinion We coiiducted oiir audit in accoi-ddnue with InlLrndlional slandd1$ on Audilitig (UK) {ISAs (UK)) and applicable law. Oui- rcsponsihililics undei. thosL %l<iiidai'ds are furtlicr d¢%ci'ibed in the AllditOl-'S rLsponsibilttics loi. Ihe audit of the financial slatements sccÈinn of our ieport. li1depedeI7ce We are indcpendenl ol IhE Chai-itablc Cunipany in acLurdaiicc with the cihical requircmenls i'clcvant to oui. audit of ihe finaiicial sldtemeiits in Ihc UK, iiitiluding IliL FRC'S F.tl)ical Sianddid and we have fulfilled our othcr ethical irsponsibilities in accoi'd3ncc with thesc LcquireinLnt6-. We belicvc that the audit Lviilcnce wc h4lVC obtaiiicd i& bufficient and appropriat¢ to providL a ba81% for our opinion. Conclusiolls related to going concern In auditii)g the fii)ancial stalemenls, we have concluded that the Irustees, ilbe of the going concern basis of accounting in the prcparation of thc financial staÉemeiils is appropriate. Based on Ihc work wc have pei'Fonncd, wc have not idei?tified aiiy material uncertainties relating lo ¢venls or coiidilions thal, individually or collecLively. may cast 5ignificaiit doiibi on the Charitable Conipany's ability to continue as a going conceiii foi. a p¢riod of at le¢l¥t twelve months fi-om when the rinancial slalemenls are aulhorised for issue. Our responbibililies and (he I'espi)nsibilities ol. the Irusl¢cs with respect lo goiiig concern are described iii Ilie relevant sections of tliis report.
Pago 7 ARDBARRON TRUST LIMITED COMPANY LIMITED BY GUARANTEE Independent audltor's report to the members of Ardbarron Trust Limlted (conlinued) Year ended 31 December 2023 Other infornintion The Ii'ustees are responsible for the oihei. iiifonnatioii. The other iiifoi'mation comprises tlie infthindlion included in th¢ Annual Report, oihei. than the fillcillLidl statemeiits (Ind our audilor's report Ihereon. Our opinion un thc finaiiciol staLLments does not covei. thc (Trthei. infonnalion and. cxcept to the cxtent othei'wis¢ explicitly staled in our rei)()i'l, we do not express aiiy furm of assurance conclusion tliereoii. Oiit" respoiisibilily LS to rcad ilie oili¢i' infoTniulion lind, in doing so, ¥ollbider whethcr the other illforrn&tioii is mat¢rially inLunsistent willi the finarLcial slal¥inents oi. our knowledgc vbtained in (lic audit or othLnvise appcars to be matu'ially mibbtdted. If wc idcnlify .siiGh Inaterial incoii.%ist¥ncics or apparei)I matcrial misstatcmcnls, we arc required lo deleiiniiic whethcr there is a material 11telhent in the finanLldl sldlenienls or a inatcrial missl&lGmenl of Ilie odiei- inforniatioii. If, bascd on the woi'k we hav¢ PEI-formed. we conLlude that Ilici'e is a matLfii?I misstateiiicnl of this oih¢r infonnation, wc al'e requii'cd to repoi't tlidt faLt. We Iiave noiliiiig lo report in tliis rc&iard. Other Companies A¢t 2006 reportiiig In our opinion. based on the woi'k undert8lceii in tlie course ofthe audit.. Ilie infoimation givcii in the Tii]ste¢s' R¢port, whiLli includes Ilie Dircctor.s' Report prepared for the pui-POSLS of Coiiipany L(Iw, foi. the tinancial yC¢ti' ftTri' whLGlI the findncial .gtatctncnts ai'c prcpdi-ed IS LOUblblent with th¢ finInL1al slatLmenls- aF]d Ilie r)iirctOi-5' Repurl, which Al'e inLluded in th£ TNtees, R¢poi'l. has been prepaied in accoi'dance with appliLable legal rcquii'cments. In thc lighi of IhL kiiowledgc lind undet-stahdiiig of thc ChariliTrblc Company and il.s etivironmeiit obtained in the coui'sc of th¢ audit, we have not ideiilified material mi&statemell15 in Ilie Tiustecs, Report. W¢ hdvc noehing to report in rcspect of tlic foll()wing Tnattei's iii rclation to which tlie CopanieS Act 2006 rcquires us lu i'¢porl to you if. in our opinion, adeqiiate accounting i'ecords have not been kept, or retuins adequatc For our aiidit havc not beeii rei¢iv¢d frum branches llot visited by us,. or the fiiiiiiicidl statements are Dot in dgreemcnt wiib the R¢counting recoi'ds and returns- oi. c¢i'tain disclosui'cs of Irustecs, remuneratiun specified by law are not made- or wtt have iiot received all the infomiation aiid explanatioiis we requirc for oui. audit. or th¢ ti'ustees weir not entitlcd to pi'epai'e the financial staleinenlb in avcordancc with the small companics regime aiid take advantage of th¢ small conipanies, exeinptions in pr¢paring the DirectOl'.s' Report and froin the requir¢m¢nl lo prepare a strategic report.
Page 8 ARDBARRON TRUST LIMITED COMPANY LIMITED BY GUARANTEE Independent auditor's report to the members of Ardbarron Trust Llmlted (confinued) Year ended 310ecember 2023 Resyrfjnsibilltles of trustees As explained more fully in 11)e tsvstees, Itsponsibilities stat¢m¢nt, tlie liustees (who are also the direLtors of the chiirilablc company lor the purpos¢s of coinpillly law) ai-¢ respvnsiblc foi. the piepai'iition of tlie liiiancidl stalemeiits aiid fnr being sutisfied that thcy give a tiiie iind fail- view, aiid foi. sucli intci'iial coiili-ol as the trusteeq deteriniiie 1% necessary to enable the piYi)ai'ation of financial slatemeiils that are fl'ee froni material mis8lat¢men¢, whethei. di1¢ lo fi'aud or error. In preparing the financi<il statem¢nls, Ihe trustc¢s aye responsible lor assessing thc ChArituble Coinp<llly'S ability to Luntiiiue a8 a going LQl)ccri), disclo8ii)g, as applicable, matters relatccl to goiiig eoncci'n and using the going Lon¢ern basis of accounting unless tl)c tiiisle¢s eiiher intend to liquidate the Chai-ttable Company oi- to Lcase operations, or havc no i-ealistic altcriiative but lo du so. AuditOf'5 J-LYPf)llsibiliÉles for Ihe audil ol the Iinuncial statements Wc Iidve been appointed a8 audilor undci. tlic Comp3niL8 Act 2006 2nd report in accoi'danLe with the Acl and rclevanl rcguldlivns madc or having effect tliereunder. OUL DbJL'Ltive8 are lo obtuin YeasonablL dssurance abuut ,hether thL tinancial statements as a whole are fi.ee fi.um sniiteLiMI niisstatcmct]t, wliethci. du¥ lo fr8ud or crror, )d to issiie ali audit()i s report thcit inLludes opini()n. Rcasonablc assura11ce is a hi7 level of assurance, bul is not a guardntee that an audit Lonductcd ii) aLcordahc¢ witli ISA% (UK) will alwAyS detecl a material nii%8taleiiient when il exists. Mis,glatcinentS Cdn arise froni Irdud or ennr and are considered matL"Tidl if, individually oi. in the aggr¥gate, they could i'easonably be Lxpected to influence tlie Lcvnomic decisions of useis taken on Ilie babis ofthese financial stJtcments. Extent to which the audit capable of detectiiig irrexularities, Imeluding fraud Irregularities. includillg fraud, arc in&ldnce% of thon-compliancc with lllws and regulation%. We design proccdures in line iwiih our t.e.4ponsibilititss, outlined abL7ve. to detect matei'ial niissiatemenls in Jrbpcet of irreg)ulaYities, including fraud. The cxl¢nl to which our pruLcdures arL Lapable of detecting irrcgulnrities. includiiig fi'aud is detailed below: Wc gained an understanding of ¢hc Icgal and thc regulaloiy framework applicable to rhe Charitable Coiiipany aiid thc iiiduslry in which it operates and considered Ihe risk of acts by tlie Charitable Conipany which were Gonirary to ¢ipplicable laws itnd rcgyulJtions, incliiding fraud. Thesc included but wcre not limited to cornpliaiicc witli C.ompani¢s Act 2006, FRS 102, Thc Financial Repoiting Siandai-d applicable iii the UK and Republic of Lrcland. We focused oll laws and r¢gulRtions that could give ris¢ to malei'ial misstatement in the financial slateinenls. Oui. lesls inLludcd but w¢re not limited lo.. gr¢¢m¥nt of the finanLlcil statement di5closui.es lo underlying supporliiig documenlatlDn,' enquirics olmaTiagemeiil' and con.sidei'ing the effeclivencss of the control ellvii'oiimcnt and Inoiiitoriiig compliaiice wtih law. and I'egulations.
Pago g ARDBARRON TRUST LIMITED COMPANY LIMITED BY GUARANTEE Independent audltor's report to the members of Ardbarron Trust Limited {continuedJ Year ended 31 December 2023 We &lbO ¢ommiinicatt<l relev41nl ideiititi¢d laws and regulations and potential fraiid risk to all enuagemeiit team niembei's and I'emaitied al¢rt to any iiidications of fi'aud or non4ompliance with IKIWS and regulations Ihi'oughoiit the aildit, Thei'e are Anhei'enl limitations iii the audit procedurcs described above and th¢ rthel. Itmoved i)on-con)pliaiice with laws and regulatioii% is froni events and transactiuris irflected in tlie financial laleiiienls, Ilie Icss likely wc wuuld become awiu-e of it. As in all of our audits we addi'csbeJ the risk uf mdntt¥em¢nt L)v¥n'ide of ilitc1dl cuiitrols, including testing jounials ttnd Lvaluatiiig whcthur thcit W<lS evidence of bias by the directors that represented ¢1 risk uf m&lei'tal niisslalernuiii due IL) fraud. Oiir (iudit procedttre% were degÉgned to icspond tu risks of mal¢i-ial niisslcil¢ment in th¢ finaiicial statements, rcGugiiising that tiic I'lbk of not dctcvling a mateiial misstateniciit duL to Iraud is higher tlian the risk of nvl detecting on¥ resiiltiiig fi'oin &r. as ftaud may involvL dbliberate conucalrncnt by, for exainplc, lorgcry, misrepi'csLnlations 01. through Lullu.sinn. 'I'hLre are inherLni limitations iti the audil procedures pertorn]cd diicl the further I'emoved non-Lumi)lioncc wÈtli I&w.8 11 nd r¥gulatio1 is frotn IhL LVLnl% and ti'ansdCtioii% reflected the fina11eial stalemcnls, the less likely we arc Iv becotnc aware of it. A fiirihcr descriptioii uf oui. responsibilitie% fi)r Ilie aiidit ot Ilie Iiiiancial 4lalemcnls is located at Ilie iE]allL-Adl Repni'ling Louncil's ("FRC's") website ftl= lilt s.'Ilwww.frc.01- .ulc/duditorqi'cs on.%ibilities. Thi.4 dLsei'iplioii loiins part of uiii" auditoi s report. Use of oui. report I'his Icport is rnude solely to the Clidrilable Loinpftny's m¢inbei's, as 2¢ body, in acL()rddnLe with C'.hapler 3 01. l)arl 16 ot- diL Compaiiies Act 2006. Oui- audtt work bcbn undertaken bo that we might slalc to thc Cliaritable Company's menibcr.s those maltei's we are required io stale to thein in an auditor's report aiid for iio other puryiosc. To the fullcst extent pcrmilted by law, we do llnt accEPt or assumc i'e8ponsil)iliiy lo anynne otlieL' thali the c.haritable Comp&ny and tlie Cliarilable Company's In¢mber5 a¥ a body, for Our audit work, foi- this ieport, oi- for the opijiions we have fonned. Ni¥el V W Hai'ra, -qenior 51alulory auditor Foi. and on behalf of BDO Noriheiii Ireland, statutory auditor Melro Building, l %l Floor 6-9 Don¢¥all Square South Belfast BTI 5JA 26 Jiily 2024