2025-03-31-accounts

Company regixlration number: Nt026172 Charity TcgislTation numb¢r.' 101211 Antrim Enterprise Agency Limited (A company limited by suarantee) Annual Report aDd Financi81 Statements for tb¢ Year Ended 31 March 2025 D. T. CARSON & Co t$rf￿rANTs 5J- 53 THOMAS STREET BALLYMENA CO. ANTR BT43 6AZ Co, Antrtm BT43 6AZ TEL . [phone] FAX . [phone] Email . [e-mail] CHARTERED ACCOUNTANTS IRELAND

Antrim Enterprise Agency Limited Contents Reference and Administrative Detsils I to2 Trustee8' Report 3to17 Independent Exarnine¢s Report 18to19 Ststemcnl of Financial Activiti¢s 20to21 Balance Sheet 22to23 Notes to the Financial Stslements 24to41

Antrim Enterprise Agency Limited Reference and Administrative Details Chairman D Barry Trustees Dr I Smyth D Barry J Atkinson S Moon M Patt¢rson Secretary A Mcmurtrie Senior MaDagement l Leadersbip J Mcwilliams, Chief Ex¢cutive Officer Team Charity Registratlon Number 101211 Company Registration Number N1026172 The Charity is inco4)orated in Northern Ireland. Page I

Antrim Enteryrise Agency Limited Reference and Administrative Details Registered Office 58 Greystone Road ANTRIM BT41 IJZ Independent Examiner DT Carson & Co. 51- 53 Thomas Street Ballymena Co. Antrim BT43 6AZ Soll¢fitors: Collins Solicitors its¢ Patri¢k Diamond & Co 29 New Sirttl Randalstown Antrim BT413AF Bankers Danske Bank Antrim 42 High Street Antrim Co Antrim BT414AP The Charity Bank Fosse House 182 High Street Tonbridge TN9 IBE Naiionwide Building Society Nationwide House Pipers Way Swindon SN38 INW Progressive Building Society 79-81 Wellington Street Ballyinena BT43 6AD AIB 78 Wellington Street Ballymena Co. Antrim BT43 6AF Page 2

Antrim Enterprise Agency Limited Trustees, Report The T￿sleeS ar¢ pleased to present their amiual directors. report together with the financial statements of the charity for the year ending 31 March 2025 which are also prepared to meet the requirements for a dire¢tors' report and accowits for Companies Act 2006 purposes. The financial statements comply with the Charities Ael 2008. the Companies Act 2006, the Memorandum and Articles of Associalion, and Accounting and Reporting by ChaTities: Sialemenl of Recommended Practice applicablc in the UK and Republic of Ireland (FRS 102) {effe¢tiv¢ l Jan 2019) Chair's Report On behalf of the Board of Directors and Trustees of Antrim Ent¢￿rise Agency Limited, I am pleased to present this annual rcvicw of the activities for the financial year ending 2025. 2024-2025 has been another transftirmalive year for the charily. reinforcing our commitment to supporting individuals on their joumey into self<mployment and entreprcncurship. We have assisted emerging entrepreneurs and established business owners in achieving sustainable growth through tailored advisory. strategic guidance,structured enterymse support services. In addilion to these services, we manage a thriving business park enconuyassing industrial units, the coworking hub The Hatchery Nl, and collaborative workspace NEXTSpace. Our Service level agreement to manage Space Antrim. the new office solution in the heart of Antrim town, proviiks an ecosystem conducive to irniovation and enterprise development. Public funding TernaiTJS integral to our mission, enabling us lo contribute meanIn￿llY to the strategic advancement of our se¢tor. We sincerely thank OUT funding partners, in¢ludin8 Antrim and NewtoThTrabbey Borough Council, Department for Communities, the UK Government through the UK Shared Prosperity Fund, and The Enkalon Foundatioo for their continued support. Antrim Enterprise remains actively engaged in the broader enterprise community through our memberships in Ent¢TPriS¢ Northern Ireland, Social Entery)rise Northern Ireland, the Federation of Small Businesses, and the Northern Ireland Community Voluntary Association. Our affiliation with the Antrim Chamber of Commerce further underscores our ¢ornmiment, with our Chief Executive serving on its Management Committee. Additionally. the Chief Executive has played a significant role as director of Entetyrise Northern Ireland. Along with her memberthip of tbe Chief Executives of the Third Sector, she also represents the agency on the Antiim and Newtownabbey Labour Market Partnership and the Anlnm and N¢wtownabbey Local Economic Partnership. These associations rcinforce our commitment to fostering collaboration and evnbedding Antsim Enlerprise within the Ii)cal and regional business landscape. Collaboration has remaincd a corncr5tone of ow strategic direction throughout the year. We acknowledge and appreciate our partnerships with AICC, Hartree Hub, Randox Health. Ulster University. Mums at Work NetworK Ethnic MilloTity Entrepreneur and Employinent NetworL and thc Fcdcration of Small Businesses. TheiT invalu&ble support and cooperation have played an instrumental role in advancing our initiatives. Like many social enterprises and charities. Antrim Enterwise faces challenges surrounding the continuity of programme fimding and rccruitment concerns. However. we remain confident in OUT newly appointed Business Advisory Team. who will be pivotal in empowering entrepreneurs within the borough and contributing to the agen¢y's continued success. Th¢ trustees Temain sleadfasl in Iheir conmiitment to the charitys objectives. ensuring investment in infrastructure improvements that enhance the sustainability and fun¢tionality of our enterprise park. Page 3

Antrim Enterprise Agency Limited Trustees, Report In closing. I would like to ext¢nd my heartfeli gratitude to my fellow directors for their unwavering support, professi(Trnalisry and dedication throughout the yeaT, and I would also like to expTess my deep appreciation to Jennifer Mcwilliams, OUT Chief Executive, for the leadership and tireless efforts in developing an exciting new direction for ihe ¢harity. Her work, supported relentlessly by a dedicated and passionate team. continues to drive our mission forward. We also wish to acknowledge and tha)￿ Profe550r Jonathan Wallace, Laura McKnighi, and Richard Cairns, who retired from the Board tIL¢ year, for their valuable contributions to the agen¢Vs success. De¢lan Barry Chair 17th November 2025 Page 4

Antrim Enteryrise Agency Limited Trustees, Report The tLWStees. who are directors for the puTro8es of company law, present the annual report together with the fllwlcial statell￿nts of the cbarilable company for the year ended 31 March 2025. Truste¢$ Prof. J Wallace, Chairperson (resigned Ilth November 2024) Mr RW Cairns (resigned 31st March 2025) Ms L M¢Knight (resigned 9th September 2024) Mr D Barry Ms J Atkin50n Ms A M¢Murtrie Dr I Smw) Mr S Moon Mr M Patterson Objectives and activities Vision, Mission and Vvdlue5 Vision Established in 1991, the enterprise bas the followlng vision: To be the destination of choice for enl¢rprise developmen& enabling budding enlrepreneurs to develop and grow a successful business, Ihereby achieving their ¢ntrepréneuriol dreams. Mission We believe that every client who comes through our door is helped. cn¢ouraged, and supported on their entrepreneurial journey. Our ainjs also seek to enhance the wider public benefit that flows from their successful impl¢mentatton. Page 5

Antrim Enterprise Agency Limited Trustees, Report Valu¢$ Fundamental to our success in achieving our vision and mission. is the fact that quality underpins everytbing we do, and we do it with pride which encompasses our core values.. P8s$lon: Our staff are emotionally committed employees, passionate about their work and the organization they work for R￿pect. We are about treating all people [directors, staff, customers. clients. suppliers and stak¢holders] with dignity and value the collective power of teamwork Integrity: Antrim EnteTprise is about being honest and having strong moral PTinciples in all our day-to-day dealings with customers. clients and suppliers Dedlcation: Antrim Enterprise fosters strong teamwork and encourdges personal iniliative and grovAh ￿rythin the workplace Excellence: We Strive to excel in every aspect of our business and deal with every task with a deternlination to succeed Alm& Publlc Benefit & Objeetives Aims The enterprise has the following aims: l. Promoting enterprise in Antrim and Newtownabbey Borough 2. Supporting the sustainability and growth of existing businesses 3. Strengthening local economies and promotlng community ¢oh¢sion 4. Increasing Antrim Enterprise's resources and capacity Antrim Enterprise's main a¢tivAties and beneficiaries are detail￿ in this report. All our Charitable activities focus on promotion of urban and ¢¢onomic regeneration in the Antrim and Newtownabbey borough. Every activity is a$ses8ed in respect of its impact on beneficiaries and its contribulion to charitable activities so that Trustees may deterniine the best allocation of reSou￿¢s. Page 6

Antrim Enterprise Agency Limited Trustees, Report P¥bll¢ beA¢fit The publi¢ benefiis that flow from the aforementioned aims are: l. A reduclion in poverty, unemployment and hardship, leading to a belter quality of life for the beneficiaties and consequenl improvements in health and well-being 2. Increascd levels of self emploirnent and better prospects of sustainable development 3. The creation of a more educated, skill¢d and qualified community 4. A safer, more slable and cohesive cornmutsity 5. Enhanced knowledge and und¢rstanding among adults and children of the iry)ortanc¢ of 011 aspects of enterprise development 6. Increased efficiency and effectiven¢ss of community and voluntary organisations Some private benefit is obiained by the owners of small businesses who rent units on favourable lenns, but this is ancillary and necessary lo achieving our ¢haritable purpose. No P￿rnI arises from these purposes. The trustees confim that they have complied with the requirements of section 4 of ih¢ Charili¢s Act 2008 to have due regard to ihe publi¢ benefit guidance published by the Charity Commission for Northem Ireland. Objeclives, stralegies and activities Objects The Ente￿rise Centre has b¢¢n actively working towards fijlfdling its charitable objectives. demonstrating strong conunitment to its mission. These being:_ l) Promote urban and njral r¢generation for the public benefit in the Antrim area and its environs (the "ar¢a of benefit"). being an area of $o¢ial and economic deprivation, by all or any of the following m¢ans- . The relief of unernployinent in such way5 as may be thoughi fil, including assistance to find employmenL b. The advancement of education, training. or retraining. particularly among unemployed people, and providing unemployed people with work experience The provision of financial assistance, tecl)nical assistance or business advice or consultancy to provide training and employment opportutiities for unemployed people in cases of financial or other charitable need through help i) in setting up their own business, or li) to existing business d. The promotion and support of social enteTpri8e and sustainable means of achieving economic growth and regeneration Th¢ Creation of training and employment opportunities by the provision of workspace. buildings andlor land for us¢ on favourable tern 2) Advance education for the publi¢ benefit by raising awareness and increasing knowledge of the importance of economic enterprise. entrepreneurship and enterprise suslainability, in particular among members of local Community groups and yout)g people 3) Advance community developmenl in the area of benefil and particular the promotion of the community and voluntary sector for the benefit of the public by providing facilities, support and infornlation to and promoting good pra¢ti¢e among, community and voluntary groups. Page 7

Antrim Enterprise Agency Limited Trustees, Report ObJe¢tlves Specific objectives for the year 2024-2025 were: To develop and launch two new training or services within the first 18 months . Estsblish al least three new strategic partnerships To maintain our existing workspace & coworking facility and develop alternative offerings for growing businesses Achievements and perforn￿nCe Str*legie Themes, Actlvlties & Achievements S￿￿e81( Themes Antrim Enterprise ¢onlinues to review its key strategic priorities through which its ViSiOD. mission and core objectives are achieved. During the period 2024-2025. the Priorities were- strate￿ l.. Property Monagemenl and Developmenl Sirateu 2.. Commmntty Outredch andEnterprise Educalion & Prnmotion strate￿ 3.. Programme Delivery andDevelopm¢nt strale￿ 4.. Fin47nci41 Sustainability Page 8

Antrim Enterprise Agency Limlted Trustees, Report Activities & Atblevements Specific activities and achievements during the year contributing towards achieving our objectives were.. - strate￿ J.. Property Management andDevelopment Workspdce In total the enteTPriS¢ centre offers 44,143 sq.ft. of industrial, retsil and office space. Operating at 94 /0 capacity at year end, 28 busiJ)esses are located onsite as tenants located in 35 units ranging from 500-3,OOOsq ft. Two tenants occupy the four offices in NEXTSpace" Collabordtive office suite and thrcc licensccs arc located in Thc Hatchery Nl in individual offices (lo￿/0) wilh a further two in our dedicated office. Thc tnanagement of Space Antrim, a new 16,OOOsq ft collaborative office offering in Antrim town centre. commenced during the year with 48 /D occupied by year end March. There are 150 virtual clients using The Hatchery Nl as a mailing address with two of these also rccciving phonc answering services. Room Hire Antrim Enterprise provides adaptable training and meeting spaces for workshops, Iraining, interviews, ounsclling use. During the Course of the year the enterprise centre accommodated 40 different organisations and 229 indiNrydual bookings, operating at 75 /0 capacity. 14 additional sessions were hosted for eight different organis&tions. Str￿e&V 2.. Community Outreuch Enterpr&¥¢ Eductslion & Promolion Outreach During the Course of the year. Antrim Enterprise participated in Antrim Labour Markei Partnership job fair. delivered outreach sessions throughout the Antrim side of the borough, as well as monthly clini¢s within the local Jobs and Benefits Office. Enlerpnse Education Stsff volunteered through Young Enterprise in primary and post-prinw schools in Antrim during the Course of the year. Antrim EntCTPriSC hostcd Ulster University Enterprise Placement Year students for Costing, Pricing & Budget Control workshops. strate￿ 3.. Progromme Delivery ondDevelopmenl Pre-siartsupport The Northern Ire194nd (Nl) Explore Enterprise Support Seryice (Programme Manager: Enterprise Nl- Fvnd¢r: UK Government through the UK Shared Prosperity Fund) The North¢rn ITeland (NI) Explore Enterprise Support Service is an initiative delivered by Antrim Enterprise through Enterprise Northern Ireland in partnership with The Princes Tn￿t Nl. which provides selfwemployment or emploiryneni support to economically inactive individuals acTOSS Antrim. Toomebridge. Randalstovm and Page 9

Antrim Enterprise Agency Limited Trustees, Report This is a free service that provides an insight into starting a business or allows economically inactive residents to take the first steps to gaining self-¢mploymellt, During the course of delivery of this two-year programme, our experien¢ed Business Mentors supported 36 participants through a range of aclivities including: - 690.50 hours of One-lo-one lailored mentoring and guidance - Signposting to workshops and Level 2 training - Support from the wider ecosystem Siart Up Support Siort Me Up Show (Funder.. Areas di Risk via An¢rim Newtownabbey Borough Council and Dep4rtmenl for Communilies) The Start Me Up Show consisted of one Start Me Up full day Show to inspire, motivate and encourage individuals into self emplosrynent, focusing on four inspirational speakers: Golden P￿pCOrn. Savvy & Shine. Civic Dollars, and Razie Art. With almost 90 in attendance, there was also the opportunity to meet and ¢hat to those who have started up th¢ir own business. including Anlrim Playball, Hoddrnimir's Wood Crafi, Ulird Cleaning Solutions, Feel Good Hypnosis. and Seven Mile Studio. An Ask the Expert Seclion had representation from Banking, Marketing, Accounting. L¢gal and Health & Safety. Business Clinics held throughout the day included Pricing Strategies, User Generated Content, Access to Finance, and Marketing EsseDtials. As part of the output. an action plan booklet was distributed to in¢lude Top Tips: For a Healthy Entrepreneur. For a Successful Start-up and lo Manage Your Personal Finance. Also in the action plan wtre eight entrepreneurial case studies to Cover diversity in gender, economi¢ strt￿. disability, business legal status, and etlmicity. Participants increased their knowledge of self-employment and had the opportunity lo ask specific questions to the speakers. Participants w¢re $I￿P0sted to other sources of support including Go Succeed and Explore Enterprise. The majority of Clients reported they strongly a￿ed that they felt more confident about considering self-emplowthent after attending the event. 36 ¢li¢nts r¢c¢ived additional l-l support to help them on iheir entrepr¢neurial journey before or after the Start Me Up Show. Build My Start Up (Funder.. Antrim Enlerprise & Enkalon Foundation) Under the Build My Start Up suite of support, six clinics gre delivered to 30 attendees covering business & legals, personal finance. business finance, and health & well-being. Page 10

Antrim Enterprise Agency Limited Trustees, Report Go Succeed (Mallagedby.. Emlerpnse Nl-Funded by.. UK Government through UXLevelling Up Fund) Go Succeed is the go-to source for expert business advice led by Northern Ireland's eleven local councils. Antrim Enterprise delivers the Engage and Foundation elemcnls witbin Antrim, Cnunlin, Toomebridge and Randalslown. The service provides between four and I I hours of tailoied 5UPPOrt and guidance lo help individuals achieve their business goals. The Business advisory team delivered 245 client diagnostics. 807 mentoring houTs, and signed off 190 clients. Thcy supported clients with 125 Enterwise Aclion Plans and 23 Business Plans. with 42 clients receiving mentoring-only support. ExiJ¥ing Business Support ASK (Funder.. Anlrim ond Newlownabbey Borough Councll) This pro￿arnMe is designed to support businesses in Antiim and Newtownabbey Borough by providing free ac¢es5 to expert advice, skills and kllowl￿ge from specialist mentors across a range of specialisms. Businesses will benefit from up to ten hours of free mentorship. Four clients were assigned & mentoring carri¢d out during 2024-2025. He4lih Entrepreneur Hub Antrim EnteTPriS¢ collaborated with Randox healih io provide 89 health checks at a significantly reduced rate for clients. As part of our objectiv¢ to ensure the health and wellbeing of entrepreneurs and reduce isolatio# among lone workers. throughout the year, through our Healthy Entrepreneur Hub, Antrim Entetprise hosted nine networking events wilh 147 attendees. Four of these events included holistic therapy taster sessions around art 8nd laughter therapy. Qigong and Journalling. Nelworking events In additio￿ the enterprise ¢entre engaged with a number of third parties to deliver five joint events with 205 att¢nde¢s including Artificial Intelligence. Economic Briefing and networking facilitation. S¢￿e&V 4.. Financialsuslainqbility Antiim EntCTPriSC continuc to cnsure that they are profit making, not profit taking to ¢nsurc thc long-tcrm sustainability of the OTganisation. The enterprise centre earned income from propety rental. room hire and from busIn￿S start-up and development programmes. Antrim Ent¢rpri5e worked within 950/• of its annual budget and aclivcly miligated its operational risks. SocialJmpact The Chief Executive sits on the Antrim and Newtownabbey Labour Marke¢ Partnersl)ip. Th¢ Chief Executive sits on the Antrim and Newtownabbey Local E¢onomi¢ Partnership. The Chief Executive sits on Antrim Chamber of Commerc¢ Management Committee along with the Skills Sub Committee. Pagell

Antrim Enterprise Agency Limited Trustees, Report The Chief Executive sat on the board of Enterprise North¢m Ireland along with the Property Sub Con)mittee until February 2025. Three mernbers of thc business advisory team volunteered with Young Enterprise. The Board me¢t bi-tnonthly with the Alldit and Financc Sub Committee undertakiDg tasks on a weekly basis. Taking into consideration both staff and TTUSte¢s, in-ktnd contribution equates to £25.000. Future Plans A new strategy 2025-2028 dedicated to driving entrepreneurship. supporting local businesses. and leading digital transfornHh"on acTOSS Antrim and Ne￿0￿n8bbey. We aim to create opportunities for businesses. start-ups, and social enterprises by PToviding cutting edge support. high-quality workspaces. and a state-of-the-art Digital Imiovation hub. By ¢mbra¢ing technology and collaboration, we will ensure businesses across Antrim & Newtownabbey gain the skills. expertise, and competitive advantage needed to thrive in the modern economy. Financial revieiv The total unrestricted incoming resources for the year amounted ÉO £347,284 {2024: £346,910} with expenditure of £370,659 (2024.. £226,704) resulting in a net decrease of unrestricted funds of £23,375 (2024.. in¢rease of £120.206}. This leaves unrestricted fiu]ds, after transfers of £961,973 (2024.. £985,348) at the year end. Page 12

Antrim Enterprise Agency Limited Trustees, Report Polley on reserves The trustees consider the Reserve Policy an important part of the internal financial management of Antrirn Enlery)rise Agency. It assists with strategic pla[￿l￿g when reviewing new or potential project51activities: infornis the budget process and enables plaT]ning for a balanced budget UT usc of reserves. and it inforrns the budget and risk managcment process by identifying any uncertainly in future income streams. Rcscrves are reviewed in det<iil annually but also monitOTcd throughout the year to assess any build-up of Teserves or unexpected depletion of these. Operational ReseTves are required to allow the organisation to continue to deliver its charitable objectives and seek alternative fijnding sources, should existing annual funding be restrtcted and to provide assurance against a risk of an unforcscen emergency or other unexp¢cted need for fimds. In addition, Operational Rcserves provide the organisation with the ability lo react to short terni opportunities. In quantifying the Icvcl of Operational Reserves requir¢d, the level of nel current assets and liabililies are compared to the av¢rage monthly expenditure. The risk associated with future incomes, grants and expcnditure aTe also considered. As a result, the trustees hav¢ deterniined in their last review that six months of the annual recurring expenditure are required as Operational Reserves. Based on the account for the year ended 31st MaTch 2025, 6 months of recurring expenditure an￿￿n¢5 to £212,392. Operational Reserves ai the year end were £249,631. In additional, Strategic Reserves are required for planned commitments that cannot be met by future annual nding alone. At present the tnL8t¢¢s have eslablished strategic r¢s¢rv¢s which have be¢n classified as an Unrestricted Designated Reserve of £125,000, put in place May 2022. Trustees undertook a review of the levels of reserves held following their Sept 2025 board mecting and agreed to increase the designated reserves to £150,000, to reflect both increasing costs associated with building works and also anticipated expenditure over the next few years. This reserve was put in place lo provide reassurance that at all times the buildings were in a good stste of repair and that should unexpccted capitsl works be requtred theD the funds weTe in place to enable this to happcn. The property committee undertake a review of the condition of the properties annually and have due regard to areas of deteriorntion or areas that need upgrade for ¢ll￿1 regulatory compliance. The t￿stCes also consider that the future development of thc capital base of the Agency should be provided for and thcir strategic plan is addressing various options for fiwther development. Coing Concern The trustces assess whether thc of going concern is appropriate i.e. whetheT thcTC are any material uncertainti¢s related to events OT conditions that may cast signtficant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in re5pe¢t of a period of on¢ yeaT from the date of approval of the financial statements. The charity has continued with delivery on its programme5. striving to build and find allernalive sources of rinance. At the time of approving the accounts the trustces have & reasonable ¢xpectation that the charity has adequate resources to continue in operational existence for the foreseeable fvtur¢. Thus, the trustees continue to adopt the going concern basis of accounting in preparing these financial stat¢nLents. Page 13

Antrin] Enterprise Agency Limited Trustees, Report Trustees and O￿lter$ The trnstees and officers serving during the year and since the year end were as follows: Trust¢¢s- Prof J Wallace (resigned I l November 2024) R W Cairns (resigned 31 March 2025) L McKnight (res1￿cd 9 September 2024) Dr I Smyth D Bany J Atkinson S Moon M Patterson Chairnhgn: D BaThy Secretary: A Mcmurtrie (appointed 9 September 2024) J Mcwilliams, Chief Executive Officer Senior Management l LeadeTship Team.. Structurei governance And management Ndmre ofgoverning documenl The Agency's governing document is the Memorandum and Articles of Association. IJ) the event of the ¢ompany being wound up tnLStees are required to contribute £1. Recruilment and appolntment of truslees Under the requir¢ments of the Memorandum and Arti¢le8 of Association, the trustees of the charity 8Te elected to serve for a period of three years after which they must be re-elected at the next Annual General Meeting. The agency seeks to ensure that tn￿leeS with a range of experience from within the business profession serve on the ¢ommitt¢¢. ln the event of particular skills and experience b¢iDg lost due to retirement, public advertising atul a ￿11 recruitment process is utili5ed to recwit. Jnduction and trainiog trustees Most trustees are familiar with the role of the charity through their trusteeship of the enterprise agency. New trustees attend an orientation rneeling to brief them on their legal obligations and responsibilities as trnstees of Antrim Enterprise Agency. Trustees have committed lo undertaking Governance Training every year. Arrangementsfor setting key man47gemenipersonnel remunenthon Key Manag¢ment Personnel consist of the Chief Exe¢utive Who￿ remuneration is fixed by the Human R¢source Sub Committee. Page 14

Antrim Enterprise Agency Limited Trustees, Report Oryanualionfjl structure The organisation is managed and directed by its Trustees. The Trustees are elected annually and meel at least four times during the period September to Jwi¢. Relatlonship$ with related parties Trustees None of the t￿SteeS have been paid any rem￿eratiOn or received any other benefit$ from an employment with the charity or a relaled entity. Included within note 9 is £70 paid to Black Sheep (Social Enterprise} Cic which is a company who Janet Atkinson. T￿stee is a director along with her husband who undcrtook the mentOTing. No t￿Slee expenscs havc been in¢uTTed. Major risks And management ofihose risks Risk Management The Agency has a risk management strategy in place which comprises an annual review of the major risks to which the charity is exposed. in particular those related to the operations and finances of the Company, and the establishment of systems and PTocedure5 to mitigate those risks. The tnLStees are satisfjed that systems are in place to mitigate exposure to the major risks. As custodians of Antrim EnteTprise's funds, trustees ensure that under the Financial Services Compensation Scheme, Ihal reserves were SPTead across different banks/building societies. A key element in the management of financial risk is the setting of a reseryes policy and its regular review by tnjstees. The trustees Tecognise their duties under Th¢ Trustee Act (Northern Ireland) 2001 No 14: which discusses the Duty of Care of Direclors and their responsibilities under inve5tnent, Financlal Instruments Objeclives andpolicies The charity's activities expose it lo a numbcr of financial risks in¢ludinE credit risk, cashflow risk and liquidity risk. Thc of financial derivatives is governed by the charity's policies approved by thc boaTd of trustees which PTovide written principles on the use of fiTJancial dcTivatives to manage these risks. The charity does not use derivative financial instruments for speculativc PUTposes. Credit risk The charity's principal financial assets are bank balances and Cash, trade and other receivables and investments. The clwity's CTedit risk is primarily attributable to its trade receivable5. The amounts presented in the balaD¢¢ sheet are net of allowances for doubtfvl receivables. The Charity spreads its exposure to risk by having a mix of income from propety and business support. Liqvldity risk In order lo maintain liquidity to ensure that suificient funds are available for ongoing operations and ￿tUre developments, the charity has availed of a number of rnedium-terni loans in¢luding the Bounce Back Loan and through Community Finance Ireland. Page 15

Antrim Enterprise Agency Limited Trustees, Report Funds beld as eustodian tTU5tee on behalf of others Included within current assets and creditors are arnounts totslling £19.836 related to tenant deposits held by the charity. These amounts have been ring-fenced by the tn￿te¢S and may be repaid to the tenants upon satisfactory completion of their rental contracts. As such the trustees have decided not to spend these funds and there is no effect on the net assets figures. Employment of disabled persons At Antrim Enterprise Agency we are committed to providing equality and fairness for all in employm¢nl and service delivery and not to discriminate on any grounds including gender, transgender. pregnancy, rnaritsl status. race, ethnic origin, colour, nationality, disability. sexual orientation. religion, or age. We believe our organisalion will be a bett¢r, more creative and innovative place to work as a result of managing our people in a way that gets the best from thciT diversity. values their diffetenl perspectives and individuals, backgrounds" and integrates fairness and equity into every aspect of our employment practices. Creditor payment policy The Creditor Payment Policy ha5 been incorporated into th¢ financial procedures. The t¢rn)s are as per the invoice due date. Where no payrnent tems are noted, 30 days from invoice date are dcemed to be standard paynent tem]s with undisputed ¢reditors. As a charity supporting start-ups and rni¢ro businesses an early payment process is in place to ¢nsure that their cashflow are not adversely affected. Statement of trustees, responsibilitie5 The (￿ste¢S (who are also the directOTS of Antrim Enterprise Ageney Ltmited for the purposes of company law) are responsible for preparing the tru5t¢es' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted A¢counting Practice), including FRS 102 "The Financial Reporting Stsndard applicable in tbe UK and Republi¢ of Ireland.. Company law requires the t￿st¢eS to PTepare financial slatements for each financial year. Under company law the tr￿tee$ must not approve ihe financial statements unless they are satisfied that Ihey give a t￿C and fair view of the state of affairs of the charitable company and of the incoming resources and application of Icsources, including its income and expenditurc. of the charitable company for that period. In preparing these financial statell￿nts. the t￿￿teeS 8Te required to: Select suitable accounting policies and apply them consistently Obscrvc the methods and principlcs in the Charities SORP Make judgements and estimatcs thai are reasonable and prudent State whether applicable UK Accounling Stsndards have been lollowed, subject to any material departUTeS disclosed and explained in the financial slatements and Page 16

Antrim Enterprise Agency Limited Trustees, Report Prep#Te the financial statements on the going concern basis unless it is inappropriate to presume that the charitable ¢ompany will continue tn business The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuTaLy at any time the financial position of the charitablc conwany and enable them to ensure that the finallcial statemcnts comply with the Companies Act 2006. They are also responsible for saleguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other i￿gUIa[1tie5. Reappoinlment of amdllor As part of the strategy ￿vieW and overhaul of existing systems and pro¢¢dur¢s, it was agreed that it would be prudent for Antrim Ente￿rise to introduce a rotation of audit firn]s every tbree years to ensure that a familarity risk between the auditors and management does not develop and to ensure independence of the auditor. In ddition, as paTt of best practice AThtrirn Enterprise should altemate Independent Examinations during thc three year cycle with a full audit. Small companies provision stAtement This report has b¢en prepared in accordance with ihe small companies regim¢ under the Companies Act 2006. The annual report was approv¢d b siees of the charity on 17 November 2025 and Si￿ed on its behalf by: D Batry Chairn￿n and Trustee Page 17

Anlrim Enterprise Agency Limited Independent Examiner's Report to the trustees of Antrim Enterprise Agency Limited ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 Ma￿h 2025 which are set out on pages 2040. Re$pon$iblllties and bas15 of report As the charily's tnjstees of Antn'm Enterprise Agency Limited (and also its directors for the purposes of company law) you are Te5ponsible for the preparation of the accounts in accordance with the requirernenls of the Companies Act 2006 {'the 2006 Act,). Having satisfied rnyself that the a¢¢ounts of Antsim Enterprise Ag¢n¢y Limited are not subject to audit under company law, and is eligible for independent examinatio￿ it is my responsibility to: examine the a¢¢ounts under section 65 of the Charities Act (North¢rn Ireland) follow the procedures laid down in th¢ general Directions given by the Charity Commission for Northern Ireland under section 56(9)(b) of the Charities Act. and stale whether particular matters have come to my attention. Basis of independent eiaminer'5 report I have examined your ¢lwity accounts as required under section 65 of the ch￿ltieS Act and my examination was carried out in accordance with the general Directions given by the Charitie8 Commission for Northern Ireland under section 65(9)(b) of the Charities Act. The examination in¢luded a review of the accounting records kept by Ihe charity and a comparison of the accounts presented with those records. It also includes consideration of any w)usual itenLS or disclosures in the accounts, and seeking explanations frorn you as charity trustees concerning any such matters. My Tole is to state whether any n￿terial matters have come to my attention gI￿]g me cause to believe: l. That accounting records were not kept in accordance with section 386 of the Companies Aci 2006 2. That the account8 do not accord with those accounting records 3. That the accounts do not comply with ihe accounling requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable lo Charities preparing their accounts in accordance with the Financlal Reporting Standard applicable in the UK and Republi¢ of Ireland 4. That there is thrther information needed for a proper understanding of the accounts to be reached. Independent examiner's statement Since the Company's gross income exoeeded £250.000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confinn thal l am qualified to undertake the examination because l am a member of th¢ Institute of Chartered Accountants in Ireland., which is one of the listed bodies. I have completed my examination and have no concerns in respect of matteTS (l) to (4) listed above and, in CODnection with following the Directions of the Charity Commission for Northern Ireland. I have found no matters ihai require drawing your attention. Page 18

Antrim Enterprise Agency Limited Independent Examiner's Report to the trustees of Antrim Enterprise Agency Limited ('the Company,) Mr James Wallace Insti￿te of Chartered Accountants in Ireland DT Carson & Co 51- 53 Thomas Street Ballymena Co. Antrim BT43 6AZ 17 Novemb￿ 2025 Page 19

Antrim Enterprise Agency Limited Statement of Financial Activitles for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unre51rieted funds Restricted funds Total 2025 Note In¢ome and Endowments from: Donations and legacies Charitable activities Other trading activities Investmenl income Other income 70 308,712 11.332 13,348 13.822 70 400,685 11,332 13.348 13,822 91,973 Total income 347.284 91,973 439.257 Expenditure on: Raising funds Charitable aclivities (13,926) (356,733) (13,926) (363.196) {6,463) Tolal expenditure (370,659) (6,463) (377,122) Net (expenditure)/income Transfers between fund5 (23.375) 74,108 85,510 (74,108) 62.135 Net movement in fvnds 50,733 11,402 62,135 Reconciliation offunds Total funds broughi forward 985,348 8,050 993,398 Total funds carried fonvard 22 1,036.081 19,452 ,055,533 The nofrs on pages 24 to 41 foTm an integrnl part of th¢s¢ fmancial statements. Pagc 20

Antrim Enterprise Agency Limited Statement of Financial Activities for the Year Ended 31 March 2025 (Including Ineome and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrcstri¢ted funds Restri¢ted funds Total 2024 Note Income and Endowments from: Donations and l¢ga¢ies Charitable activities Other trading activities Investment income Other incon 966 244,991 14,788 10,187 75,978 1.800 36,103 2.766 281,094 14,788 10,187 75.991 13 Total in¢ome 346.910 37,916 384.826 Expenditure on: Raising funds Charitable activities (17,260) (209,444) {17,260) (229.996) (20.552) Total expenditure (226,704) (20.552) (247.256) Net incorne Transfers between funds 120.206 20.095 17.364 (20,095) 137.570 Net movenM]t in funds 140,30J (2,731) 137,570 Recontiliation of fund8 Total fund5 brought fonvard 845,047 10,781 855,828 Total fund5 Ca￿led forward 22 985,348 8,050 993,398 All of the charity's activities derive from continuing opera¢ioJJs during the above Iwo periods. The fvnds breakdown for 2024 is shown in nole 22. The notes on pages 24 to 41 forni an integral part of these financial statements. Page 21

Antrim Enterprise Agency Limited (Registration number: N1026172) Balance Sheet as at 31 March 2025 2025 2024 Note Fixed assets Tangible assets 16 662,198 643,712 Current assets Debtors Cash at bank and in hand 17 18 40,442 484,624 26,951 478,136 525,066 505,087 Credltors: Amounts falling due wlthfin one year 19 69,681 78.745 Net current assets 455,385 426.342 TotAR assets less current liabilities 1,117,583 1.070.054 Credltors: Amounts falling due After more than one year 20 (62,050) 76.656) Net asset5 1,055,533 993,398 Funds of the charity: Restricted income fund8 R¢stri¢ted funds 22 19,452 8.050 Unrestrieted fin¢om¢ funds Unrestri¢ted funds 1,036,081 985,348 Total funds 22 1,055,533 993,398 Fot ihe finan¢i81 year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilitie5- The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and The directors acknowledge their responsibilities for Complying with the requirements of the A¢t with respect to accounting records and the preparation of accounts. These financial statements have been prepared in accordance with the special provisions relating to companies subjecl to ihe small companies regime within Part 15 of the Companies Act 2006. The notes on pages 24 to 4] fom an integrdl part of these fmancial stal¢ments. Page 22

Antrim Enterprise Agency Limxted (Registration number: N1026172) Balance Sheet as at 31 March 2025 The financial statements on pages 20 10 41 were approved by the tn￿tee&, and authorised for issue on 17 November 2025 attd signed on their half by- chairn￿n and TTU$tee The notes on pages 24 to 41 forni an integral part of these financial statements. Page 23

Antrim Enterprise Agency Limited Notes to the Financial Statements for the Year Ended 31 March 2025 I Charlty Status The charity is a private company litnitcd by guardntee, incorporated in Northern Ireland. and consequently does not have share capital. Each of tbe trnstees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. The address of its Tegistered officc is 58 Greyslone Road, AKfRTM. BT41 IJZ These financial statcmcnts wcre authorised for issue by the trustees on 17 Novembcr 2025. 2 Aecounting poli¢ie$ SunllnAry of significant a¢¢ounting polltles and key accounling estimates The principal accounting policies applied in th¢ Preparation of these financial statements are sel out below. These policies have been eonsisttntly applied to all the years presented. unless otherwise stated. Statement of ¢ompliAnee The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Ststement of Recommended Practice applicable to charitie5 preparing their ac¢ounts in aecordance with the Financial Reporting Standard applicable in the UK and Republic of Ereland IFRS 102) (effeclive l January 2019) (Charities SORP (FRS 102)). the Financial Reporting Standard appli¢able in the UK and Republic of Ireland (FRS 102), the Ch8riti¢s A¢1 (Northern Ireland) 2008 and the Cornpanies Act 2006. The charity is a Public Benefit Entity as defined by FRS 102. Basis of preparation A5scts and liabilities are initially recognis¢d at historical cost or transaction value unless othcnvisc staled tn the relevant accounting policy notes. The presentational currency of these financial Staten￿nts is sterling and amounts have b¢en rounded to the n¢arest £1. GoADg concern The finan¢ial statements have been prepared on a going con¢ern basis as the tn￿teeS consideT thdt there are no material uncertainties about the charitys ability to continue as a going concern nor any significant areas of uncertainty that affect the canying value of assets held by the charity. The t￿sleeS have Considered both the I￿¢1 of funds held and the expected level of income and expenditure for 12 months frorn authorising these financial statements, taking into consideration all r¢levanl factors. Page 24

Antrim Enterprise Agency Limited Notes to the Financial Statements for the Year Ended 31 March 2025 Judgements The preparation of the financial statemenls requires the Trustees to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amount of assets and liabilities, incornc and expenses. The estill￿t¢S and asso¢iated assumptions arc based on historical experience and other factors that are Considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions aic reviewed on an ongoing basis. Revisions to accounting estimales are recognised in Ihc period in which the estimate is revised where thc rcvision affects only that periiKI. or in the period of thc revision and future periods wheTC the revision affects both Current and future periods. Key sources of estimation uneertainty Tangible Fixed assets Tangible fixed assets are depr¢cial¢d over their usefvl economic lives taking into account residual values, where appropriate. The actl￿1 lives of the assets and residual value5 are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as maintenance progranun¢s and technological innovation are taken into a¢count. Residual value assessments consider issues such as fjjture mark¢1 conditions, the remaining life of the asset and Projected disposal values. The carrying amount is £662,198 {2024 -£643,712). Income and endowments All income is recognised once there is a legal or constructive obligation to that income after any peTforn]ace conditions have been met, the amount can be measured reliably and it is probable that income will be received. All income is allo¢aled to the applicable income heading that aggregate similar income to that category. Donations and legdcies Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions tbat require a level of perfornwice by the charity before the charity is entitled to the funds, the income AS deferred and not recogniscd until either those conditions are fully mel, or the fi￿rilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fi]lfilled in the reporting petiod. Grnnts receivable Grants are recognised when the charity has an entitlement to the fimds and any conditions linked to the grants have been met. Whcrc perforniance conditions are atta¢hed to the grant and aTe yet to be met, the incomc is re¢oEnised a5 a liability and included on ihe balance shcct as deferred income to be released. Other trading aclivilies The charity generates Tental income by utilising the business workspace to further its primary aims and objectives. Inveslmen¢ Income Interest on funds held on deposit is in¢luded when receivable and th¢ amount can be reliably measured by the Charity. this is norn￿llY upon notification of the interest paid or payable by the bank. Page 25

Antrim Enterprise Agency Limited Notes to the Financlal Statements for the Year Ended 31 March 2025 Chan"Idble activitie5 The charity undertakes activities to fi￿her their aims and objects in a number of areas including.. Workspace & Busincss Space Support Prograrnnies Start-up Programmes Pre-start Programmcs Enterprise Programmes Exptnditure All expendilure is recognised once there is a legal or constructive obligation to that expenditure, it IS Probable settlement is required and the amount can be measured reliably. All costs are allocatcd to the applicable expenditure beading that aggregate similar cos15 lo Ibal category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the usc of r¢&ources, with centrdl staff costs allocated on the basis of timc spcnt, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs . Rosingfunds These are costs in attracting voluntary income. the n￿gernent of inVeStn￿nts and those inCu￿ed in trading activities that raise funds. Chariloble 47etivIriÉs Charitsble expendityre Comprises those costs incurred by the Charity in the delivery of its activities and services for ils beneficiaTies. It in¢ludes both costs ihat can be allocated directly to such activities and those costs of an indirect nature necessary to support thenL Support Costs Support costs include Central fjjnctions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor arcas, or per capita, staff cosls by time spent and other costs by thciT usage. Govern¥n¢e costs Thesc includc the costs attributable to the charity's covnpliance with constitutional and statutory requirements, including audit, sttalegic management and trustee5'8 meetings and reimbursed expenses. Taxation The CE￿Ity is considered lo pass the tests set out in Para￿aph I Schedule 6 of the Finance Act 2010 and therefore it mcets the defjnilion ol. a charitable company for UK corporation tax purposes. Accordingly, the harity is potentially exempt from taxation in rcspect of income or capital gains receivcd within categories ovcred by Chapter 3 Part I l of the Corporation Tax Act 2010 or Seclion 256 of the Taxation of Chargeable Gains Aci 1992, to the extenl that sv¢h income or gains are applied exclusively lo charitable purposes. Tangible fixed as5els Tangible fixed assets (individually costing £100 or more} are initially mea5UTed at cost and subsequently measured at ¢ost, net of depreciation and any impaiTment losses. The company assesses at each reporting date whether tangible fixed assets are irnpaired. Page 26

Antrirn Enterprise Agency Limited Notes to the Financial Statements for the Year Ended 31 March 2025 Depre¢iatlon amort1s4tion Depreciation is provided on tangible fjxed assets so as to write off the cost or valuation, less any estimated residual value, over their expected usefiil economic life as follows- Asset Class Land & Buildings FUrnitl￿e & Equipment Depreciation method and rate 2_10 /0 straight line 33.3 /0 straight line Trade debtors Trade debtors are amounts due from customers for seTvices perfomied in the ordinary course of business. Trade debtors are recogniscd initially al the trallsaction price. They ar¢ subsequently measured at arnortised cost Using the ¢tTcctivc interest mcthod, Icss Provision for irnpairnlenl. A provi.4ton for the impaimient of trade debtors is cstablished when there is objeclive ¢viden¢e that the charity will not be able to collect all amounts due ac¢ording to the original temis of th¢ receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-terni bighly 17quid investments that are readily convertible to a known amount of cash and are subject to an in5ignifi¢ant risk of ¢hange in value. Trade eredfitor$ Trade Creditor5 are obligations to pay for goods OT services that have been a¢quired in the ordinary course of business from Suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after th¢ reporting dale. ff there is an uncondilional right lo defer settlement for at leasi twelve months after the reporting date, they are presenied as non-¢urrent liabililies. Trade creditors are reco8￿]Sed initially al the transaction price and subsequently measured at amortised cost using the effective interest method. BorroTrYings Interest-bearing borrowings are inilially recorded al fair valuc, net ol transaction costs. Intere5t-bcaTing borrowings are subsequently carried al amortised cost, with the diffcrence betwcen the proceeds, net of Irdnsa¢tion costs, and the amount due on redemption being recognised as a charge to the StateJnent of Financial Activities over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payabl¢ and similar charges. BoTrowings are classified a5 current liabilities unless the charity has an unconditional right to defer seiilcment of the liability for at least twelvc months aftcr thc reporling date. Fund structure Unrestricted income fimds are general fijnds that are available for use at the tll￿tees discretion in fiJrtb¢rance of the objectives of the charity. Designated funds are unrestricted fi]nds set aside for specific purposes at the discretion of the trustees. Page 27

Antrim Enterprise Agency Limited Notes to the Financial Statements for the Year Ended 31 March 2025 Restricted income funds are those donated for use in a particular area or for specific pury)oses, the use of which is reslri¢t¢d to that area or pury)ose. Pensions and other post retirement obligations The charity operates a defined contribution pension scheme which is a pension plan under which r￿ed contributions are paid into a pension fund and the charity has no legal or Const￿CtIVe obligation to pay fiffther contributions even if ihe fund does not liold sufficient assets lo pay all employees the benefits relating to employee service in the current and prior periods. Contribulions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution pawients exceed Ihe ¢ontribulion due for service, the excess is r¢co8nised as a prepayment. Financial instruments Classifiealion Financial assels and financial liabilities are recogtiised when the charity beconKs a paty to the contractual provisions of the InSt￿Ment. Financial liabllities and equity in5tnunents ar¢ classified according lo the subsian¢e of the contractual arrangements entered into. An equity instnunent is any contract thai evidences a residual interest in the assets of the charity after deducting all of ils liabilities. Reeognitson and meosurement Basic financial assets Basic financial assets, which include debtors, cash and bank balances, are initially measured al transaclion pri¢¢ including Irdnsaction costs and are subsequently carried at amortised cost using the effective interest method unless the arningernent ¢onstithtes a financing transaction, wher¢ th¢ transaction is measured at the present value of the future receipts discounted at a market rate of interest. Finan¢ial assets classified as receivable within one year are not amortlsed. Basic financial liabilities Basic financial liabilities, which include credilors and loans, are initially measured at transaction price unless the a￿angernent ¢onstitu¢es a financing transaction, where the debt instrument is measured al ihe present value of the future payrnents discounted at a mk)rkef rale of inleresL Financial liabilities classified as payable wilhin onc year are not amortised. Financial liabilities are dere¢0￿1]Sed when the Ckwity's contractual obligations expir¢ or are discharged or cancelled. Impairnienl For financial assets carried at arnortised cost, the an]ount of impainnent is the difference between the asset's caTrying amount and the present value of estimated cashflows, discounted at the financial asset's original effective in*resl rate. For finan¢Aal assets carried at cost less irnpairment. th¢ impaimient loss is the difference betsveen the asset's carying amount and the estimate of ihe amount that would be received for the asset if it were to be sold at the reporting date. Where indicators exist for a decrease in impairnient loss, and the decrease ¢an be rel&ted objectively to an event o¢¢urrin8 after the impaimient was reCo￿lised, the PriOT injpainnent loss is tested to d¢tennin¢ r¢v¢rsal. An impaimient loss is reversed on all individual impaired financial asset to the extent thal Ihe revised re¢overAble value does not lead to a revised carrying amount higher than the carrying value had no impairn)ent been recognised. Page 28

Antrim Enteryrise Agency Limited Notes to the Financial Statements for the Year Ended 31 March 2025 3 Income from dontions and legacies UnTe5tricted fuDds General Total 2025 Donations and legacies" Donations from individuals 70 70 70 70 Unrestricted funds General Restricted funds Tot1 2024 Donations and l¢gacies' Donations from individuals 966 1.800 2.766 966 1,800 2,766 4 Income from charitable activities Unrestricted funds General Re5trieted funds Total 2025 Workspace & Business Space Existing Business Start-up Programmes Pre.Start Programn 295,858 12.854 238 296.096 12,854 2,582 89,153 2,582 89,153 308,712 91,973 400,685 UDr¢$tricted fund$ Cencral Reslrieted funds Total 2024 Workspace & Business Space Exisling Business Start-up Programmes Pre-start Programmes 244.628 363 244,628 363 1.248 34,855 1.248 34.855 244,991 36,103 281,094 Page 29

Antrim Enterprise Agency Limited Notes to the Financial Statements for the Year Ended 31 March 2025 S Incon)e from other tradlng activities Unrestricted funds General Total 2024 Total 2024 Other income from other trading activities 11,332 11,332 14.788 11,332 11,332 14,788 6 Investment income Unrestricted funds General Total 2025 Tolal 2024 Tnterest receivable and similar income. Intercst re¢eivable on bank deposits 13,348 13,348 10.187 7 Other in¢om¢ Unrestricted funds General Total 2025 Total 2024 Other income including government grants 13,822 13,822 75,991 Page 30

Antrim Enterprise Agency Limited Notes to the Financial Statements for the Year Ended 31 March 2025 8 Expenditure on raising funds 8) Costs of trAding activities Alloeated support ¢osts Total 2025 Direct Costs Staff costs Costs of trading aclivilies 180 11,792 2,314 Alloeated support costs 13,926 Total 2024 Direct costs St4ff ¢osts Costs of trading activities (79) 12,466 4,873 17,260 9 Expenditure on charitable activities Activity undertaken directly St*ff Costs of activity Activlty support Costs 2025 Workspace & Business Space Existing Business Start-up Programmes Pre-start Programmes Enterprise Education Govemance 79,942 5,678 2,171 3,393 (17) 5,705 87,164 7,338 53,335 22.483 797 51,530 17,101 1,438 10.463 4.408 156 io,iii 184,207 14,454 65,969 30,284 936 67,346 96,872 Activity llndertakeD directly 222,647 43,677 363,196 Staff eosts of activity Actlvity Support ¢osts 2024 Workspace & Business Space Existing Business Start-up Programmes Pre-start Pr0￿mmeS Enterprise Education Governance 62.493 923 16,946 3,656 (70) 6.903 28,409 9.530 23,504 6,987 4,557 27,060 11,103 3,723 9.521 2,397 1,781 10,573 102.005 14,176 49.971 13,040 6.268 44.536 90,851 l(10,047 39,098 229.996 £356,733 (2024 - £209.444) of the above ¢xpenditUTe was attributable to unrestricted funds and £6.463 (2024 - £20,552) to r¢stri¢ted funds. Page 31

Antrim Enterprise Agency Limited Notes to the Financial Statements for the Year Ended 31 March 2025 In addition to the expenditure analysed above, there are also govemance costs of £67,346 {2024 £44,536) which r¢late directly to charitable activities. See note 10 for fLWther details. 10 Analysis of governanee and support cost5 Governlnee Costs Unrestrieted funds General Total 21125 Staff costs Wages and salaries Social sccurity coyls Pcnsion costs Other staff costs Indcpelldent examiner fees Examination of the financial statemenls Other fees paid to examiners Other governance cost5 Allocated 8UPPOrt costs 43.360 2.764 2.933 1.683 43.360 2.764 2,933 1,683 2,907 650 I,oio 12,039 2.907 650 I,oio 12,039 67,346 67.346 Unre5tritted funds General Total 2024 Staff costs Wages and salarie¥ Social security costs Pension cosls Other staff ¢osls Audit fees Audit of the financÉal statements Other fees paid to auditors Other governance costs Allocated support costs 23,391 900 1,459 1.296 23,391 900 1,459 1296 4.775 500 1.346 10,869 4,775 500 1,346 10.869 44,536 44.536 Page 32

Antrim Enterprise Agency Limited Notes to the Financial Statements for the Year Ended 31 March 2025 I l Trustees remuneration #nd expenses During the year the charity made the followlng transactions with trustees: No trustees, nor any persons connected with the￿ have received any remuneration from the chaTity during the year. Included within nole 9 is £70 paid lo Black Sheep (Social Enterprise) Cic which is a cornpany who Janet Atkinson, Irustee is a director along with her husband who undertook the mentorlng. No trustees have Te¢¢ived any ￿1MbUrSed expenses or any other benefits from the charity durlng the year, other than this. 12 Staff costs The aggregate payroll costs were as follows,. 2025 2024 Staff costs during the year were: Wages and Sa1￿1eS Social security costs P¢nsion costs Other staff costs 197230 12,573 13,341 11,296 97,277 3,744 6.067 4.925 234,440 112,013 The monthly avwage nurnber of persons {including senÉor management I leadership team) employed by the charity during the year expressed as fijll time equivalents was as follows: 202S 21124 Charitsble activities Governance No ¢mploye¢ received emoluments of more than £60,000 during the year. The total employee benefits of the key management personnel of the charity were £50,625 (2024 - £44250}. Page 33

Antrim Enterprise Agency Lin]ited Dlotes to the Financial Statements for the Year Ended 31 March 2025 13 IDdependeDt ¢xamlner's remuneration 2025 Examination of the financial statements 2,907 Other fees to a4mlners All other service5 650 Page 34

Antrim Enteryrise Agency Limited Notes to the Financial Statements for the Year Ended 31 March 2025 14 Auditor5, remunervdtioD 2024 Audit of the financial statements 4,775 Other fees to auditors All other non-audit services 500 15 Taxadon The charity is a registered charity and is ih¢refor¢ exempt from tsxation. 16 Tangible fixed Issels Land and bulldlngs Furniture and equipment Total Cost At l April 2024 Additions 2.175,280 31,390 149,650 7,827 2.324,930 39.217 At 31 March 2025 2.206.670 157,477 2.364,147 Depreciation At l April 2024 Charge for the year 1,550,050 13,292 131,168 7,439 1,681.218 20,731 At 31 March 2025 1.563,342 138,607 1,701,949 Net book value At 31 March 2025 643,328 18,870 662.198 At 31 March 2024 625,230 18,482 643,712 17 Debtors 2025 2024 Trade debtors Prepayments Accrued income Other debtors 14,849 3,775 21,818 11,592 4,561 10,530 268 40,442 26,951 P&ge 35

Antrim Enterprise Agency Limited Notes to the Financial Statements for the Year Ended 31 March 2025 18 Cash And eash equivalent5 2025 2024 Cash Dn hand Cash at bank 16 484,608 13 478,123 484,624 478,136 Balanees held by the charity that are not available for use by the charlty 2025 2024 Balances held by the charity that are not available for use by the charlty 19,836 21.036 Included withill Cash are atnounts relating to tenant deposits held by the charity, Tbese amounts have been ring-fenced by the trustees and may be repaid to the tenants upon satisfaetory completson of tbeir rental contracts. As such th¢ tr￿steeS have decided not to spend these funds and included a corresponding creditor in Ihe financial stat¢ment$ and as such there is no effect on the nel assets figur¢. 19 Credltor$: amounts falling due within one year 2025 2024 Bank loans Trade creditors Other loans VAT repayable Other creditors Accruals 10,363 12.215 4,877 10.732 20,088 11,406 10.141 15.475 4,590 6,082 21,807 20,650 69.681 78,745 Page 36

Antrim Enterprise Agency Limited Notes to the Financial Staten)ents for the Year Ended 31 March 2025 B2Dk borroTYings Bank loan is denominated in sterling with a nominal interest rate of 2.5Q/o (2021- 2.50/0), and the fu)al inslalmenl is due on l July 2026. The carrying amount al year end is £13,112 (2024 - £24.199). Other borrowings UCIT with a carrying amount of £64.177 (2024 - £67,188) is denominated in sterling with a nominal interest ratc of 80/0 (2024 _ 80/0). The final instalment is due on 12 Seplember 2034. 20 Cr¢ditors: Amounts falling due after one year 2025 2024 Bank loans Othcr loans 2,749 59,301 14,058 62,598 62,050 76,656 Included in the Creditors are the following amounts due after more than five years.. 2025 2024 Afler more than five years by instalments 36,555 41.150 21 Pension and other schemes DefiDed conlribution pension scheme The charity operates a defined contribution pension scheme. The pension cost charge for the year r¢presents contributions payable by the charlty to the scherne and arnounted to £13,341 (2024 - £6,067). Page 37

Antrim Enterprise Agency Limited Notes to the FiThaneial Statements for the Year Ended 31 March 2025 22 Funds Balance at 31 M*reh 2025 Balan¢e at I Aprll 2024 In¢omiDg resources Resourtes expended Transfers Unrestricted funds General Operational reserves Ass¢ts in R¢s¢rves 218,507 641,841 308,067 39217 (351.051) (19,608) (370,659) 74.108 249,631 661.450 860,348 347.284 74,108 911,081 Designated Designated Reserve 125,000 125,000 Total unrestricted fuDd$ 985,348 347.284 (370,659) 74,108 .036,081 Restricted fund5 Siart mc up show Build My Start Up Clinics Halifax cquiprnent grant 8,460 2.582 (3.577) (4,883) (5,132) 2,550 2.385 24 (1.123) 1,262 SULF Go Suceed ENI-Exploring S & Entrepreneurship skills 40 (64) (38,461) 3,091 55.323 (1.763) 18,190 25,568 (25,568) Total restrltted funds 8,050 91,973 {6,463) (74,108) 19,452 Totsl funds 993,398 439,257 (377,122) 1,055,533 Page 38

Antrim Enterprise Agency Limited Notes to the Ffinaneial Statements for the Year Ended 31 March 2025 Balance at 31 Mareh 2024 Balante at I April 2023 Incoming resources Resourees expended Transfers Unrestricted funds General Operattonal reserves Assets in Reserves 118.662 601.385 293.064 53,846 (213,314) (13,390) {226.704) 20,095 218,507 641.841 720,1)47 346.910 20.095 860,348 Designated DeSIgt￿1ed Reserve 125.000 125,000 Total unregtricted funds 845.047 346,910 (226,704) 20,095 985,348 Restrlcted Start me up show Build My Start Up Clinics Halifax equipment grant Social EnteTPTise Progran]me Entrcpreneurship Programmc (3,207) (278) (1.123) (2,793) 1,580 3,495 1.248 13 2,550 2,385 2,231 {2,231) 3254 54 167 17.564 40 (12,945) (70) (7,873) SULF ENI Start Her Up Go Suceed ENI-Exploring S & Entrepreneurship skills Boost Bursary 24 (167) 4,220 (1.129) 3.091 7.031 1.800 (7,031) {1.800) Total restricted funds 10.781 37,916 (20,552) (20.095) 8,050 Total funds 855.828 384,826 {247,256) 993.398 Page 39

Antrim Enterprise Agency Limited Notes to the Financial Statements for the Year Ended 31 March 2025 The specific purposes for which the funds are to be applied are as follow8.. Halifax equipment grant. The Halifax Foundation Northern Ireland awarded ￿nd]llg lowards the purchase of Meeting Owl Pros and Sarnsung Smart 4k Ultr8 HR LED Tvs and as50¢ialed equipment during 2022-2023. This was to allow Anlrim Enterprise to revert to a more effective hybrid approach to training. Build My Start Up Clinics- Under the suite of support, clinics are delivered covering business & Legals" personal finance. business finance Jnd health and well-being. Start Me Up Show funded through Antrtm and Newtowlabbey Borough Council and Department for Commities Area at Risk Fund is desigmed to work with individuals within the wards of Farranshane, Steeple and Ballycraigy specifically intended to inspire participants to slart the journey of self-employmenl. Il was airned at addressing the barriers faced by individuals looking to start their business and consisied of a series of motivational events fealuring inspirational local entrepreneurs, business experts and clinics, supported by tsilored coaching to allow individua15 to embark on the firsl steps of their entrepreneurial journey. SULF- Our membership organisation Enterprise NI is the business support partner delivering Start Up Loans (SULF) on behalf of British Business Bank in Northern Ireland. Antrim Enterprise as a member, sUPPOrts clients with one year of n￿(orIng if they are recipients of a loan. The Northern Ireland (Nl) Explore EnteTprise Support Service is an initiative delivered by Antrim Ent¢rprise through Enterprise Northern Ireland in partnership with The Princes Trust Nl which provides self<mployTrenl or employment support lo econorni¢ally inactive individuals across Antrim,Toomebridge, Randal8town and Crnmlin. Go Suceed- Through our membership of Enterprise NI, we deliv¢r Go Suce¢d, the go-to SOUTce for expert business advice led by Northern Ireland's eleven local councils. The service provides between four and I I hours of tailored support and guidance to help individuals achieve their business goals. Donations- Antrim Enteryjrise have received a number of private donation during the course of the year, towards Antrim Enterprise's Healthy Entrepreneur Hub activities including netWOTking events, tasier $es$ions and subsidising health checks for clienrs. Page 40

Antrim Enterprise Agency Limited Notes to the Financial Statements for the Year Ended 31 March 2025 23 ADAlysis of net a55ets behveen funds Unrestricted funds Other Total funds at 31 Marth 2025 Restricted funds Tangible fixed assets Cu￿ent assets CuTrent liabilities Creditors over l year 661,450 506,362 (69,681) (62,050) 1,036,081 748 18,704 662,198 525,066 (69.681) (62,050) Total net asset5 19,452 1.055,533 Unrestricted funds Other Total funds at 31 March 2024 Re$lrleted funds Tangible fixed assets Current assets Current liabilities Creditors over l year 641,841 498,908 (78,745} (76,656) 1.871 6.179 643.712 505,087 {78,745) {76.656) Total net assets 985,348 8,050 993,398 Page 41