Appleby Trust Llmited ststement of Flnanclal Activities for the year ended 31It March 2025 Unrestricted Funds Restricted Funds Total 2025 Total 2024 Income Income from Charitable Activities Income from Generating Funds Government Funding Government Grants 62,490 62.490 70,547 295,952 244,953 295,952 62.490 29.4.Q52 358,442 315,500 Expenditure Cost of Generating Funds Gosl of Gharilable Activities Governance Costs 32.250 51,600 1.068 32.250 20.816 357,700 316,111 1,068 924 306,100 Total payments 84,918 306,100 391,018 337,851 Net incomel(expenditure) Appleby Careers expenses 10 Surplusl{Deficit) for the year (22,428) 110,1481 132,5761122,3511
Appleby Trust Limited Statement of Financial Position as at 31" March 2025 2025 2024 Note Fixed assets Tangible assets 3,139 3,924 3.139 3,924 Current assets Stocks Debtors Bank and cash in hand 750 26,482 13,640 2,500 8,651 1,023 Creditors: amounts falling due within one year 40.872 12,174 {74,092) (13.603) Net current assets (33,220) 1,429 Total assets less current Ilabilities (30.081) 2.495 Net assets (30,081) 2,495 Capital and reserves Unrestricted funds Restricted funds 3,508 (33,589) 25,936 (23,441) Total funds (30,081) 2,495 The directors arg. *atisfi@d that the company 18 entitled to exemption from audit under sgclion 477 of the Companies Act 2006 and that members have not required an audit in accordance with section 476. The directors acknowledge their responsibilities for complying with the requirements of Companies Act 2006 with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the special provision in Part 15 of the Companies A¢t 2006 to companies subject to the sni£ill companies regime. The financial statements wp.re approved and authorised for issue by the Board on 18" MarGh 2026. Signed on behalf of the board of trustees.. Thomas O'Hanlon Director Company registration number: N1041816
Notes to the Financial Statements Summary of significant accounting pollcies (a) General infomiation and basis of preparatlon The Appleby Trust Limited 15 a company limited by guarantee in Northern Ireland. In the event of the charity being wound LJP. the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity infomiation of these financial stalements. Thc charty constitutes a publiG benefil errtity as Qeflned by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Stalement of Recommended Practice Applicable to charities preparing their accounta in accordance wilh the FiriiinGial Reportlng Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 161h July 2014 {as updated through Update Bulletin 1 published on 2nd February 20161. the Financial Reporting Slandard applicable in the Unrted Kingdom and Republic of Ireland (FRS 102}, the Charities Act 2008, the Companies Act 2006 and UK Generally Accepted Accounting Practice as it applies from 1 st January 2015. The charity has applied Update Bulletin 1 as published on 2nd February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A. The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the np.arest £_ The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otheiSe staled. {b) Funds In the Statemgnt of Financial Activities. funds are classrficd as either restricted funds or unrestriGled funds., defined as follows.. Unrestricted funds can be used in accordan with the charitable objeclives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restriction8 arise when specified by the donor oi wheri fund5 are ralsefj for particular restncted purposes. (c) Income recognition Income is recognised when the charitable company has entitlement to the funds. any performance conditions attaGlied lo the item{s) of Income have been met, rt is probable that the income will be received, and the amount can be measured reliably. (d) Expenditure recognition All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expendrture is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required, and Ihe amount ofthe obligation can be measured reliably. It is categorised underthe following headings.. Expenditure on charitable activities includes production cxpenditure," and Other expenditure represents those items not falling into the category above. 10
Notes to the Financial Statements (continued) (e) Support costs allocation Support costs are those that assist the vnrk of the c.harity but do not directly represent charitable activities and include office costs and premises costs. They are incurred directly in support of expenditure on the objects of the charity. Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. (fj Debtors and credltors receivable I payable within one year Debtors and cred¢tors with no stated interest rat@ and receivable or payabl8 within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. (g) Taxation Tlie Lliarity 15 an exempi cliarY within ihe meaning of schedule 3 of the Charities Act 2011 and is considered to pa55 the lests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. (h) Going concern The financial statements have been prepared on a going concem basis as Ihe trustees believe that no material uncertainties exist. The trustees have considered the level offunds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted incoine arid expenditure 15 sufflclent wfth the level of resenies for the charty to be able to continue as going concern. (i) Judgements and key sources of estimation uncertainty The trustees do not feel there any material judgements or key sources of estimation uncertainty in these accounts. ti) Tangible assets Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment Ioss9S. (k) Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over ihe useful economic life of that asset as follows: Fixtures, fittinga & equipmcnt- 15% reduGing balanbe If there is an indication that there has been a significant change in depreciation ratc, uscful life or residual value of tangible assets. the depreciation is revised prospectively to reflect the new estimates. 11
Notes to the Financial Statements (continued) (l) Impairnient A review for indic2tors of impaimient is carried out at each reporting dete, with the reGoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impaimients are also reviewed for possible reversal at each reporting date. When it is nol possible to estimate the recoverable amount of an individual asset. an estimate is made oflhe recoverable amount of the cash-generating unit towhich the asset belongs. The cash-generating unit is the smallest idenlifiable group of assets that includes the asset and generates cash inflows that are largely indcpendent of the ¥<lbli inflow5 from Oiher assets or groups of assets. Limited by guarantee The company is limited by guarantee. and the liability of its members is limited to £1, in the event of thp winding up or dissolution of the company. Tangible fixed assets FF & Equipment Total Cost At 1 April 2024 Additions 49,340 49.340 At 31 March 2025 49,340 49,340 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 45,416 785 45,416 785 46.201 46,201 Carrying amount At 31 MarGh 2025 3,139 3,139 At 31 March 2023 3,924 3,924 Debtors 2025 2024 Trade debtors Other debtors 22,688 3,794 0,400 251 26.482 8,651 12
Notes to the Financial Statements (continued) Creditors." amounts falllng due within one year 2025 2024 Bank loans and overdrafts Trade creditors Other creditors 60.156 4,994 8,942 5,384 515 7,704 74,092 13,603 Analysis of expenditure on generating activities Activities undertaken directly Support costs Total Purchases 32.250 32,250 32,250 32,250 All costs were attributable to unrestricted funds. Analysls of expenditure on chan-table activities Aclivitiv undertaken directly Support cosls Total Wages and salaries Pension contributions Rent Rales Insurance Operating lease- equipment Light and heat Computer costs Repairs and maintenance Telephone Staff travelling Staff traiiiiiiy Bank charges General exponses Bank Interest Depreciation 280,777 17.988 280,777 17,988 27.070 27,070 4.483 4,483 1,331 4,063 1,708 307 7,376 4,212 3,123 2,679 368 1.430 785 1,331 4,063 1.708 307 7,376 4,212 3.123 2,679 368 1,430 785 309,139 48,561 357.700 Sldff Eui+l5 such a5 wages, pension. siaff travelling and training were all attributable to restricted funds. All other costs were attributable to unrestricted funds. 13
Notes to the Financial Statements (continued) Analysis of expenditure on governance costs Activities undertaken directly Support costs Total Accountsncy fees 1,068 1,068 1,068 1,C68 All costs were attributable to unrestricted funds. Trustees, and key management personnel remuneratlon and expenses The twstees neither received nor waived any remuneration during the year {2024= £Nil). The trustees did not have any expenses reimbursed during the year {2024- £Nil). 10. Fund reconciliation Balance at 1-41 April Balance at 31" March 2025 InGome Expendiluie Appleby Careers 2024 Unrestricted Restricted 25,936 (23,441) 62.490 295,952 (84.918) (306,100) 3.508 (33.589) 2,495 358.442 (391,018) (30,0811 14