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.
li1depe￿deI7ce
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 ￿1￿1￿telhent 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¢ fin￿InL1al slatLmenls- aF]d
Ilie r)iirctOi-5' Repurl, which Al'e inLluded in th£ T￿Ntees, 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 Co￿panieS 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 hi￿7 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 ilitc1￿dl 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