RegiSterod number: NPI)00083 Charity number: NIC101248 Ulster Garden Villages Limlted Commlttee of Management's report and financial statements For the year ènded 31 Dacembgr 2025 Ulster Garden Villagos Umlted Contents Page RefeMnc• and administratlv? detalls of the Ulst•r Ganlan Vlllages Llmlted. Its Committoe of Management and advlserg Committe• of Managemenvs rnport 2-12 Indepgnd•nt audltoes report on th• financial slatemonts 13-16 Statement of financlal actMIIos 17 Balanco sheet 18 statomont of cash flows 19 Notes to the financlal statements 20-35 Ukntor Ganlen Willog•s Llmitsd Refer••Ko and Admln18tMfve D•talls of th• Ulst•r Gord•n Vlllagay Lhnitsd. It8 Commltteè of Management and Advls•rs For the year •nd•d 31 D8umbor 2025 Commlttee of managomgnt Mrs S P Crowe, FC& Chair Mr K Baird Mrs M Boyd klBE {reBigned 5 D￿mb￿r 20251 Mr E Hoimes OBE Dame R Johnston Mr W J Webb MBE, JP. Company Sxretary Mr C J Walsh MBE (r95vJngd 31 March 2025) Dr J Pyper 'ss A CTavrford Mr G Jones (appointed 18 Mar¢h 20251 Dr S Prentw MBE, FCA (appointed 9 DecembBr 2025) Comp•ny r•glster•d number NP000083 Charfty rngl8t8r number NIC101248 Registerèd oflk• Purdys La N￿OWnbred8 Be￿aSt BT8 7AR Honorary Prnsldwt Slr tknsmond Lorimer, FCA Chlef exrtutlv• Mrs Corollne Amistrong Indopondent audltor Sum•rAudkco Nl Umited StatutoryAuditots GlendInni￿ Hous8 6 Murray Street BT16DN Bank•rs Danske Bank PO Box183 Donegatl Squaro West BT16JS InvoStm•nt Advlsor RBC 8rff4vln Dofphin 11th Floor East Tower 8 Lanyon Plaza Belfast BT13LP Emall grants ugv,org.uk Web•lt• vw••*.ugv.org.uk SUMER NORTHERN IRELAND Page 1 Ul•t•r Garden Vlllages Lknlted Commtitfje of IAanag•mont* Roport For the year end￿ 31 DKembgr 2026 The Committ88 of Managemont i¥ pleased to preseni their report ond fin8nci818t8temenl$ for the year end 31 December 2025. The Fina￿la1 Ststern￿ts have been prepared in accordancè with the accounting F￿licIeS set out in th8 'Note8 to the Accounts. and comply with the ChariV$ goveming de¢um￿ts l.e. 'The Rules of Ulster Garden WIlWe8 Linited". Charitres Act {Northem Ireland) 2008 and Regulation 8 of the Gharitie5 (Accounts and Reports) Regulations (Northem Ireland) 2015. the Industrfal and Provident Societies (Northem Ireland) 1969 and the Industrial and Provident Societies (Northem IRkndl Order 2006 08 amended by the Credit Unh)ns ar Cooperat￿@ and c(￿MUn￿ Benefit Societies Act (North8rn Ireland) 2018 and knounting and Reporting by Chariti¢s.' St*ment of Re¢ommended Practice applicable to charthes preparing their accounts in accordanc? with the FinarKial Rgporting Standard applicable in the UK and Republ￿ of IreLqnd (FRS 1021. Who ave wo7 UIB19r G¥den es Limited ('Th& Charw) was e8tabllshed under the Industrial and Provmlent Societies Act {Northem Iretandl in 1946 with thg principal obje¢tsve d provithng 9¢)￿￿ qualty hou8ing and associated t4n8ntlies forth8 di88dvantaged and aged. Slnce that tlmg govemment's approach to housing has changed dranaticalty and in Northem Ireland, the establishment of the Northem Ireland Housing Executive the H￿sing Ass￿lat￿ movement has Lryrggty catered for housing needs. In 1983, the Committee of Ulstw G•rd•n Villages Limlted took the nece888ry step8 to convert the A88ocSattc into a registered charty and under its amended regulations, emp(Ywered it to transfer from r￿¢￿¢8 to a Common Fund amounts to be available for such general charitatAe purposes, rK>t neGgssarity connected with housing, as th8 Committee Shall from twne to time detemine. Ulgter Garden Wilages Lwnited is rngistered with the Charty Commlssknn for Northem Irel8NI (NIC 101248) and the Inland Revenue XN72342. SUMER NORTHERN IREL4ND Page 2 Ul¥tor Garden Villagm Limlt Commltt•e of Managgmonys Rèport Icontlnuedl For the y•ar •nd•d 31 D￿eMber 2025 (conllnued) The oblectwes ofthg Charty are:_ To carry on. for tho benefft of the cunmunity. the bu$ine$$ of provtrjing housing and any 88SOC*ted amenities for persons in necessitous rArcumstances Up￿ t8rms appropriate lo their means., b) To provide, for aged porsons in need thereof. housing and a880¢￿ted ￿enItIo5. Special￿ designed or adapled to meet the di88bllities and requlrements of such p8rson$,' To carry out such added purposes wthich are charitable und8r th? law of N(A1hem Ireland as th8 Charity shall from time lo time detemiine and to use any of the Charivs funds Includw￿ accumulation5 of past profits not requir&J for thg Purposes of (al or (b) for such ¢haritabL9 PUWS as the Ccmnmthe shall from lime to time deterni1￿. Ho￿l￿g and A8socl•ted Am8nftl•s The Charty under 11$ charhable 0￿.•cts (a) and (b) provldes m8nage$ tM)u$ing and property #tock. Ulster Garden Villages Limitod was founded aknost 80 years ago arKI by klarch 1950, had built and fOur￿ed Merville Garden VIIW, Northern Ireland's first 'Gardon VIHag8' 450 houses, fials and Shops and s1gnthcan￿y, vAth Communty Centre, Litve Theatre and extensive g8rdgns. The VIWe created a sense of community logethemess and involvement, rather than simpty proMdiThJ houses for those who r￿ded acccfflmodation. othor developments followed at Abbots Crc*$. Fernagh in Whiteabbey and at nthv Garden Villages in Muckam¢xe and Vthitehgad. Altt)augh the Charty has sobj a signifvnt proport￿ of the origin81 estate8. il continufrs to manwJe the est*es 81 Mervrlie and Abbots Cross and pr(Mdes housing and associated wnenit in Nffmownabbey, Whiteh¥l. Garw Court. knsbum la development of ¥artmenl8 for older pewgl and Batylb)Ime18 development for th8 over 55$). Tho Common Fund In pursirit of Okfject {c) the Charity ptrnarity alhxates fvnd8 lo, or for, prOj￿ts wrthln North•m Ireland whkh will have a positive impact on the regK)n. Funds are not giwn relrospectivety. and il 15 not usual to gNe grants for office expgn$es, core salaries iy adminl8trative staff salaries. In addltion to ¢￿[ght grants, assislance may be gwen by way ol k)ans whtch may carry certain conditions at th8 discretion of the Committeè. The purpose of any application must be charitable and rKwmalty the Commrttee will onty consider requests from registergd ¢haritles. Applulions for grants are made vkq the Ulster Garden Vil￿99S Limited online applrcatron fom and al$0 require applrcants to submit their most I￿0nt certrfied acts)unt8. Further Informati￿ 18 avauable in the 'How to Appll Section of thè Charitls websi￿. Tho Achievements arKI Pgrfomiance Sth of this Report detsils 8pecifK examples of the Ch8rrty acllng through its Common Furnl of donations to Charitab￿ venturos in the wpaer COMMn￿ for the ye8r ending 31 December 2025. SUMER NORYHERM IRELAND Page 3 Ulstsr Gath Vlllag•s Lhnlt•d Comffllttw of Manag•mMfs R•port (¢onllnuod Fortha yoar onded 31 tlocembor 2026 (contlnuod) Publlc Benefft Statement The Committee of Managwnont confimi Ihat thay have conslderad the Charty CommiB8ion'8 general gUidar￿8 on publ￿ benefft wthen rnwewing the Charitys objectives arKI li plannlng futu￿ actfvtt￿s and grant4naklng through￿1 the svr. A ¢￿Y of the CommisS￿n.8 guKlance notes ¢)n publc benefft ha5 been issu*Y to al Ulster Garden Vil*es Llmlled operates for the publk benefft *4th the uAim*e b￿efir1arIeS being the many pooplg SUPPOrtgd and work8d wth by the charities Ihat ￿ fund. main objectives for v#hich funds Voere alhxated under Obj&t (c) am.. P￿pIe wlth Dlsablllll•s Mental and physical disabi1th8, transport and adwce. Health Hospices, mental health, sub8tsnco abu88, prevention of disease. Communlty Youth at risk, rohabilitatlon. the aga. people faclng homel888nes8, peopte facing pmrty and disa(frrfanlagfr, regeneration. Sclèntlfic •nd mèdlcal research To 3UPWrt fields of researGh whKh a￿ rot Gopthle of total government support, pwucuw knvomng Ihg aged, Specific diseases such as ￿Cer 8nd cardiac-rglated condilicTh. Culturn ¥nd h8ritayo Assisting underfunded activities InvolwNJ the 8rt5. in all its fom)s. and the pre8eThation of our r￿ural heritage. A88i8ting the restoration of buiklings of historic ￿ arChit￿Ur8l interest to enable them to be rehabllRatad to the U8e and 8&Mcato the communty aNJ the consenffttton of artefacts. Educatlon and tralntsw skllls Promotw)n of life ski115, indgpend8nt Irvvvj skil$. gducation, employment and tr8in*vJ for people thThth disabilitieg and those facing disaffvanlage. PTIoTttI•s From time to time th& Committe8 rewew the range of xtmtss they ¥e prepared to support and pL%e sp￿181 emphasis ¢Jn areas that they wish to encwraje. SUMER NORTHERN IREL4ND Page 4 UlstsrGardeTh Willag￿ Umlt¢d Committw of Managthn•nf• Report (contlnued) Forth• y•ar •ndfjd 31 D•c•mb•r 2026 {contlnued) Achlwoments and P•rfonn•nce Duty 2025. ufsler G#rd&n VINag08 provided financlal support to chairttes across North¢m Ireland who are working to support and make a Lgstin9 impact on those who we mo$1 vulnerable. Our fvnding ¢ontlnued lo m8kt a ￿nI￿ant i*fference across the region, at a time when many are fxing unpre¢edented chollenge8. UGV ha8 been closed for applicatlons Since tts last grant round in De¢&nber 2023 du8 to iwo main factors." w8 continued to have signifrant forward gr￿t ¢ommitments plus th• Vl¢totia Square &tigation (xjntinued into 2025 bringiry an ongoing level of uncertainty. At the end of 2024, we h&J for4wdrd commilmenls of £2,441,923 and Iherefore. afong with the ongryng litigatKin. remained ¢103ed for applications. This decision was re¥￿e￿ and arefuty ￿nSIdered at each Committee me*ing. At the September 2025 Commlltee meeting. it was noted that our fmrd commitments had decreased to £1,745,568 and tskiry knlo consideratlon the current acute and growing ¢rise$ ￿Ing exp8tienced in our communities, the decislon was made lo reopen for applicalknns. At tho UGV Strategy Day In 2024. il was agreed that beca￿8 of the issu88 highlighted and because of the current ehallang8s b8ing faced by our communitles. that when we opened for applications again, ￿ would focus our funding on hou$inglhomelessness and poverty. Bearing in mind that UGVS history 1$ rooted in housing and that ￿ continue b generate income via prop9rty rentsls, and the current gr¢h￿n9 housing and hom*88ness crisis, the Commts agreed to focus on this area and one rolated very closety, povety. W& b)ok fonvard to reS￿nIng business a5 usual in lem?$ ol again denln9 our scope of charitable givin9 or￿e the afor&nenb'￿ issues have boen Test￿. During 2025, engagod consklerably with the charitable sectsr over the cour8e of the year, whether th our current grantees or Y￿th Wuntary organisatron$, to better undeTSt8NJ the current need and UGVS fundirvJ n make a red drffergnce. Due to our agreed focus on housingthomefe8sne8s and poverty, we particufarty, bul not gxcluswgly. focused our meetings on the Organisat￿n5 ￿rki￿ within these 8gCtors. These meeting$ proved very helpful and demon$lratsd that UGV wa$ taking the time and gdr¥J through a Pr￿esS to understand re our fundirs can reaty he￿ at thi8 time. The period of being ctsed for applications afford&J UGV the unique opportunity to rel￿t on how our fundlng can makg a real difference al this particulaty volatile Ilme. We are gratefiA lor the time taken by so many to help inftym our strategy for Ihè next 18 mffiths including fellow funders who were 80 g¢nerou8 with their time. Ouring the year. we amended our process to implemont an E¥pres8ron of Interest IEOI) stage. Many chariti88 are so under-re$ourced and a8 a resuft time poor, plus many do not have the m&an$ to employ or eng4e a fundraiser or indeed 8ny paid 3taff. We thereforg wanlod to 1ntrc4Y￿e a more Ivjht bueh initial stsge to save thes& organisations the effort of submittin9 a full applutron rf it was unlikety to be approved. A stgnificanl number of charities t¢ok us up on our offer to meet before they bègan the EOI lo give an indicatSon of whether Ihey should proceed, lo guide them on their EOI arKI manage expectations. This proved a very fruitful exercise for both UGV and the charities. We are so inspired by the wrk belng dcTh In our communities and thg commitment of the charttable sector lo deliver often IrfMaving support and help lo those most in need. Many of the charibes we met would not suNve Witho￿ theii armies of vdunteers, wilh some beirg entirety or majorly volunte6r-led. Th08e successfiA 8t the EOI stage were then imitod to to full applrcallon. vthh th• ck*sing date of 31st January 21)28. With regards to thg aforMl8ted fopward commftmenls, UGV Continued to make grants in line wilh its $tat•J objectives of asslsting peoplo wlth dlsatrAlities, and in the araa8 of h8alth. community. s¢ientrffc and medical rosaar¢h, culture and h6ritage and education and skills. SUMER NORTHERN IRELAND Page S Ulsler G•Yden Vllkng•s Umlted Commlit•• of M•n#gemenVs Report (contlnuod For the year endod 31 DecomboT 2025 (contlnu•d) Over th8 c￿r5e of 2025, *warded £820,605 to 30 chariiablg organisations, SUFPOrting a w*Je range of pr(iec15 impacting on the lives of those who are m08t disadvantaged and vulnerab￿. The18rgest grant in 2025 was £150,000 to Llster Univarsty. Thi8 Was the la$t of fNe instslmwts lo support access lo educatKJn for those vtho. without this scholarship. may not have been able to do Yo simply to lack of f￿anc8S. We Iwe been ddlghted to be abte to 8upwt 83 $ttsJen15 w.th thg driNB 8nd abilty by removing any financial barr￿r. We had the pknure of meeting some of Ihg beneficiaries at an event at the uni¥eT5ty heard first-hand how they8 5cholarship5 have chaw their Ives. We knk fo￿rd lo keeplng in touch hå aboLtt there the88 V•vnderful young pecple5' INes lead them. ContinuirvJ on the theme of education and training. ¥￿ made the final in8talment of £50,000 to The lfjng'8 Tru$l for their y￿rk Supporting educalional underachievement and attendèj The lfjng's Trust Awards at Hill$borough Castle where we saw exceptional youn9 peop￿. mwy fa¢lng athrsty. bery reGo3nized for their outstsrKling xhievement8. In the area of heath. we made grant payments of £10,0(N) to support tralnlng for on Advanced Nurse Pra¢tilioner for the Solrthgm Area HospKe. £60.CilO to Adlon Can¢er in 8UPPOrt of a new Stale￿f4he￿rt breast screening x4ay machine and £20.000. the second of three Inst8knents lo Young Lrves Vs Cancer. A thlrd instslmgnl of £50,o¢XI to Nl Hospice supported the ongoing ro￿ of a Specialist Nurse Pra¢titioner. We supported the Stroke Asso¢L8tton with 0 grant of £20.000 to raise awarene$$ of their work. SEM4C with a grant of £15,000 to support an thce Ilne tor parents with chiklren with Spe￿81 eilu¢ational needs and £15,000 to SWELL to support young wunen experlgncing cancer. We supported mental heawh wilh grants to Verfoal Arts to rai88 awaren888 for thillren with autism end to AWARE for mental h•alth educatvJn wi schools for 14-18 Jpar olds. Und8r the arts and culture banner. we made a fourth irtstslment to Ihe Ulster Orchestr4 heipiThJ thgm to eslablish thoir p￿8ften1 home in TOwr￿nd Street. It has beBn wonderful to hear the PTc*3re$s belng made there and to see this important Northern Irish arts organisatKin findty boner￿ing from hamng a permanent base. We had the honour of attenth'ng sevwal events there during the year and of meetirvJ members of the kncal Commun￿ a￿ en9agirwJ wbth the Orchestra and r8apirKJ the rewards of doirg $0. We W8Te dèlighled to see the completion of the capital y￿ at the Crescent Arts Centre fc41Thing a grant cl £26,000 which ￿rned to Improvg the vtsitor experiènce and bdng energy ￿1 efficiencies. Wg were pleased to release the final instalment of £25,((JO to East BèlF8St Mi$$lon for the refvrbi8hment of 240 Nffi￿ardS Ro￿. a Lmh]ue, community4ed housing initiative aimed at transforming an empty bullding into $ix apartmerts and a communlty space dedicated to fostering relati￿8. The proie¢t pmwdes a pathway for Indlwduals Iransitkiniw from FThtg1 a¢commc. The Charfty remair￿d in a 8trong finamal pc4ition at 31 December 2025. reportWl9 a positive nel movem￿1 ' funds for tho year of £1,319,804 8fter thn81ions to ¢hartlabte projects. Grants lotalling £820,605 {2024: £1,560,927) (note 51 wwe paid during the year from previousty approved Commitments, vmth the grnnl proJramme dosed to appli¢•tlons for much of Ihe year. At 31 Decombèr. foThvard grant commitmen18 totalled £1.76M {2024: £2.55M}. FollJving investment in grant management 8ofrAvare, the Commitiee reopened the programme for new grant appli¢ations in Nowmber 2025. Further delails of thg p08itive impact these grants l)ave had w088 the communty and the consKlgrable eThJaggmgnt with th& charitable sector are provKled in Sectk)n b: Achievements and Perfomiance. Ir￿Qme from Investments continued to 8ho•V moderate growth during th8 year. Rental Income increased both from the r*wer inve8tmenl properbes, generating £869,761 in 2025 12024: £787.4681. and fr¢)m the OTi9inal estate5. which generated £1.147,115 in 2W25 12024: £1.105,843}. The Charity contlnues to invest in thg improvement of its property PQrtfolio, including internal refurbishment of IndNidual Propert￿ within the oldor e$tates as they become vxant, repairs to the exlexna f*ic of buikjings, and worts aGross th& p￿follO to gnsure compliance with updated heallh and safety18gi81at*)n. The Charity8 P08itive continues to ￿ oNWShadv￿￿ by thg ongcmng litigallon relating to stru¢tural issues at the investment properties at v￿torIa Squar¢. Be￿aSt (note 22). These propertie8 remain fulty wiitlen dchvn lo £nil in the financial statements. Legal and prof8s8ion8J costs a$s(￿lated with this matter amounted to £551.781 (during the (note 4112024: t224,981). including substantial engin*ring costs Incuffed in 88ses8ing the struclural defects. Despite the c¢￿tinUed writfrdovm of the prLT*rties at Victoria Square. th8 bal8nce sheet reftects the Charit1$ continuing strong financial posrtion. Stron9 finan¢ial markets at the yeaTend resutted in a net gain on the revaluation of listed investments of £1,782.036 (note 7). At 31 D￿arnber 2025. the vdue of [1st￿ Investments was £22,037.376 {2024: £20.678.804), aTrJ the volu8 of the pl￿￿rtY portfolic¥ was £30,775.434 (2024.. £30,668.737}. Wlth lotsl net asset5 of £S5.982,611 (2024.. £ 54,W2,805). the Charty remains wel placed to mèet its foThrnrd commNmonts to charilable projects and to ccffitinue making a sign[f￿an1 ¢ontribution to the work of the Voluntary S¢¢tor and tho wmmunities it seNes acros¥ Northem Ireland. d. Investments The purp)$e of the Charitys inveskngnt Folicy is to generate fund$ for our grant- making and thfj main sources are rental income from the ovmership of Investment properties end divKlend8 and intere8t from a di*r8If￿d in￿5￿n￿t portfolio. A formal Invesknent policy 8tstement has bgen agreed ￿kn¥88n Portfolio Manager and Ulster Garden Vlnages Limited which outlines its gengral goals. objectivfjs and exclu$1c￿S and describes the strategie$ that the M8nager and Ulster Gar(Iw Villages Limited will employ to meet those (*jectives. The policy 18 revith¥8d by I C￿nmittee of m￿ageM¢nI on a rggular basis and was last rewewed and appro*d 8t the May 2025 Committ08 of Management meeting. SUMER NORTHERN IRELAND Page 8 Ulster Gard￿ Vlllages Llmlt Commlttee of Manag•rn•nf8 Rwbrt (conlinuod) For the year endod 31 D•cgmbor XJ25 (¢ontinued) o. knerv•s anql Oolng Concern On 31 December 2025 ffee r8serve8 In the form of Ihe General Fund amounted to £37,206.235 {2024.' £35,Cfj5,826). Other unresfricled reserves, designated by the Cunmrttee as tre COMM￿ FurKI and vthich rapresents surpluse8 set aside to PfOVKle grants. loans and othér public benefft in furtherance of the obj8Ctives of tho Charity, amounted to £18,774.00812024.' £19.594,613). During the year the Committee of Msnagemgnt transferred £NI12024: £2.000,0001 from tha Ganeral Fund to the C¢)mmon Fund The charty had no restricted reserves on 31 De￿ber 2025 except shara cathl afflounting to Q.36812024.' £2,368). The Commtttee ot Management regulwty montth th& lever of Teserve8. having regard lo tho risk management iew. and currentty con8Klers reserves lo be adequate lo meet the ne&Js of the Charlty. Having revi8v￿ the future commitments over the next 12-18 months the Committee of Managanenl is d I vrew that thg financial statemen18 can be prepared on a going concern basi¥. f. Structum, Governanc• and Management Con¥nltt•o of Manag•ment The Rul8$ of Ulster Garden Vlloges Limited ￿Y the constitutional provislons for Charity and thg Commitiee of Management (The Trustees, in lenns of Charhy Law). Membership of the Cc#nmittee requires nomination from wlhin the mgmbership of the Charity. dection by the Members and th6 retlrement of one-third of the Committee each year. Such members may offer Ihems¢fve8 for re-election at th& Annual General Meeting. Mr. K. Baird. Mrs. M. Boyd, Dame Ra Johnston. Mrs. S.P. Cr¢v+P. Ms A. Crav*ford. Mr. E. Holmes. Mr. G. Jones. Dr. S. Prenler. Or J. Pyper, Mr. Corin Walsh, pnd Mr. W.J. Webb seNed dLrring the ygar. As per the of Ulster Garden VINtyes Limited, Mrs. M. Boyd and Dame R Johnston retire and being eligible. offer themselves for r& eleCt￿n at the Annual General Ileeting. Mr. G. Jones was appointed to the Commlttee during the year and put himself foThvard for election. Dr. S. Prenter was appointed to the Board on 9th December 2025 and ￿11 pul hYnselFfor**d for election at the 2026 AGM. Commltt•• Mernbers- Inductlon and Tralning Two ne4¥ Commrfdee members ￿re appoinled durry the year arKI underwent a comprehenslve Inducltr)n process. Commth Members understand their roles individualty and colkntively In reiatign to their legal dutfes. the slgwardslmp of assets and the Provis￿￿8 of governing ¢Jocument. In additton, all members are aware of thwr responsibilibes under Company Lw, as Dir￿18 and Charity Law. Those who seNe abhle by tre Rules of Ulster Garden Viliages Llmrted and th8 C¢)rnmittee Membors also receive updates aKt training through briefing notes and meetings. Annual Returns w8re made in 2025 to the Charity CommlssvJn for Northem Irek8ThJ and the Financial Conduct AUth￿lty. Conflids of interest and related party transactions are reported at CrAnmittee of Manayemenl m88llngs and reflected in the minutes annual retums. During the ytsr under revpw, four Committe8 Meetings were held in person. At these meeting8. th• Commbttge agreed on a broad strategy and are8$ of 8rgnificant actlvity lor the Charty. At prg$enl. the Committee has nine members %Mth srgnrficant exporienee of the public, privale WKI voluntary sectors of Northem Ireland. The CEO 8150 attends the metrtings but has no voting rwJhts. Additi'onal meetings were held for tt)e purpose of mallers relating to planning, prop8ty portlolh), gMI-giwng. the Rulgs and audit new sub 2015 and S¢¢t1￿ 43 of the Industrid and ProvKlent Societies (Northem Irel￿￿1> 1969 and the Industrial and ProvKlent S¢xi81i￿ IN¢ylhem Ireland} Ordgr 20C6 as amended by the Credit Unions and C opgrative and Communty Benefrt Sock￿1￿$ Act (Northern Ir¢landl 2016. Our audit Y*Drk has been urKlgrtaken so that we might stste to the charitablè companls members thos0 mattgrs we are required to $1*8 to them in an Auditorfs report and for no other purp)se. To the fulkst extent pemitted by law. we do not accept or assume r¢sponsibilty to anyone other than chaiitable company and it8 members, 88 a L￿y, for our audl work, for this report. or for the opinions we have fcffiied. Amanda M¢M4w {S•nltsr $tatulory audltor) for and on behaifof Sumer Audltco Nl Llmlted Stalulory Auditors Gbndinning House 6 Murray Strget Belfast BT16DN 24 Mwch 2026 Sumer Audrtto Nl Limrted are eligibl8 to act as auditors in tenns of sKtion 1212 of the Companies Act 20L￿. SUMER NORTHERN IRELAND Page 16 Ulster Gavdon Vlllag•* Umited 8latomonl of ftnan¢lal actmtlos Iln¢orporatlng income and eX￿ndItUrn #ccount) For th• ygar endod 31 Do¢wnbgr 2020 RMtricted Unre8trfcted funds Isharn funds Capltall 2026 2026 Total funds 2025 Totsl fvnds 2024 Incom from: Inveslment$ 2,503.494 1503,494 2.357.323 Total Incom• 1503,494 2,503A94 2.357,323 Expondtture on: Raising funds Charitabio acti¥ltles 1,025.999 1118,863 1.025,999 2,118,863 694,438 3,L189.970 Total oxpondllure 3,144.862 3.144,862 3.764.408 Net gains on inve8trnents 1,961,172 1.961,172 1,852,899 Not incom￿(0XP0nd1t￿re) Increase in share cgpstal 1,319.804 1A19.804 445.814 Net movem•nl in fvnds 1,319.804 1,319,806 445,814 Re￿nCIlI0110n of fund¥: Total funds brought foNArd Net movgment in fund8 54.660.439 1.319,804 54.662.805 1,319,806 54,216,991 445.814 Total funds carfl•d fornard 55.980.243 65,981611 54,6S2,805 The Statement of Fffiandal Activibes Includes al gains and losses recognls&J in the year. The notes rm page$ 20 to 35 fomi part of the80 financial statements. SUMER NURT..IEFI.N IIRELAND P4e 17 Ul•tgr G•rdon Vill•g•s Limit Reglstered number. NPIXKX)83 8alanc• Sh••t A5 at 31 December 2025 2026 2024 Tangible assets Inveslments Inv051m￿l propwty 13 14 12 22,037,376 30,776A34 20,678,804 30,688,737 52,812,810 51,347,541 Current assets Debtors Charltsbl8108n$ Cash at bank and in hand 15 16 25 2,045,082 660.000 426,608 2,557.471 660.000 494,669 1630,690 3.712,140 Currènt IlablllU•s Credltors.. amounts falling due wthin one year 17 I460￿9> 1396,876) Not currfjnt ass•ts 3.169,801 3.315,264 Total 8•*ots l•ss Gurr•nt liabilitiOB 55,982,611 54,662,805 Totsl nol as¥gts 55,982,611 54,662.805 Charlty fund8 R8StrIct￿ fvnds Unrgstrthd fvnd$ 19 19 2,366 54.660.439 55.980.243 Totsl funds 55,982.611 54,662,805 The Comrnittee of Managemgnt acknowledge their responsibilits88 for c(*nplying with the req￿reMentS of th& Act with respect to accountirwJ records and preparation of financkql statements. The financial stalernerrts have teen wepared in accordance with the provi8ion8 apFAicable to enttties suty'ect to the small companies regim9. The financial Statements wer8 approved and authori88d for issue by the Committee (rf M￿ageMent on 24 March 2026 and slgned on their Mr8 S PCrnw8 FCA Chair rSP nter M8E, FCA C(￿mIttee member hlrWJW Secretary bMB The notes on page8 20 to 35 fomi part of these financial $tsl¢m￿ts. SUMER NORTHERN IRELAND Page 18 Ulster Garden Vlllages Umlted Siat•mgnt of Cash Flows For the y•ar gnded 31 December 2025 2024 C•$h flows from ¢)perating actlvltle8 Net cash used in Cp8ratW￿ actpihl 11,921,346} Q,348.3411 Cash flows from Investlng aclhitie DMd￿l6, interests and rents from inve6trnent8 Purchase of investm8nl property Proceeds from the sak of propertres Prtteeds from sale of invesknents Purchase of investments 1.366,379 (102.909) 88.429 65,808 3.324,886 4,733.948 12,814M11) {4,tX7.3011 1,251,480 Net cash provldad by investlng actlvltl¢s I￿61284 1,983,935 Cash flo￿* from financhw actlvltl¢s Nel cash provid•d by flnancing actlvlllos Chang& In cash and cash •quivalgnts In the y￿r Cash and cash equivolgnts at the beglnning of the year (69.061) (3M408) 859,075 Cash and cash equivalents at lh• ond of year 425.608 494,669 Thg notes on p*Jes 20 to 35 fomi P￿1 (rf these financial ststements SUMER NORTHERN IRELAND Page 19 Ulgter Gardèn Vlllageg Llmlted Not•9 to th• Firwn¢i#l 8￿¥M*nts For the year ended 31 Dgcombw 2025 A¢¢ountlnp pollclo• 1.1 Basls of preparallon The fInan￿lIstaI6M8nts have been prepared in &cordance with the Statemert of Recommended Prxlicg". Acco￿ting and Reporting by Charlttes, th8 Finan¢k81 Rgporting StarKlard applrabl8 in th• UK and Republic of Ireland IFRS 102) and the Industrial and Provident Societies Act {Northem IrdarKII 1969 and the Industrial and Pro￿dent Socths {Northem Ireland) Order 2006 as amended by the Credit Unh)n8 and Ctroperatlve 8nd Communlty Benel* So¢ietles Act (Northem Irekndl 2016. Assets and liabilrties are initialty re¢ognised at historical or tranwtion vak* unless dher•vise stst8d in the ralevanl accounting PG4icy notes. 1.2 Prep•rnllon of the accounts on a golng concwn ba819 Having rewffived the polential inG¢)rr¢ and wnmitmenls ft>r the rbext 12 month pe￿d the Commttteo of Management are (rf the that there are no material uncertainties a)out the Charty's abiffty to continue as a gang concern. 1.3 In￿me Income ￿ reco9niwJ when the Charty has entrflement lo the funds and it 18 prthbl8 that the incom• wll be r¢cthd and tho amount r¢li•bty m¢a$ured. Prwty rents ar8 trwht into account ts or which have been ralsed by the U18ter Garden Villages Limited for partu1￿ purposes. Thè costs of rnising and administering Such funds aTO chafgod against the specific fund. Tha aim aThJ use of each reststsd fund is set OLrt in the* notes lo the financial statements. Unrestricted fund8 are available to spend on act￿t￿ Ih•t fvrthar arw of the wrposas of the Charity. The Common Fund 1$ a designated fund, being unrestri¢Xed funds of the Charrty, ￿1¢h the Ccffimittee of manag￿nent have decmled at their dlscretion lo $el asvJ8 to Use for a Specffic purpose. 1.15Accountlng •stimat8s and judg•ments Juth3ements made by the Cc4nmitttt of fvlanagemen( in the applK*ion of these accounting polictes. that have svJnrfKant effect on the financial 6latemenl8 and eslinales with a significant risk of material adjustment in the next year are disujssed in Note 23. Legal statsjs The ChaFty is a limf(gd Company having share capital and 1$ registered under the Industrial and Pr￿dent Sodetles Act {Northem Ireland) 1￿9 and the Industrial and Providont s￿let￿&s {Northern Ireland) Order 20C6 as amended by the Credit Union$ and Co￿perat￿e ar¢d Community Benefft Societiès Act {North8rn Ireland) 2016. Reg. No. NP00￿83 arKI 16 registered with The Charity CoMmiss￿n for N(Ylhem Ireland Reg. No. NIC 101248. SUMER NORTbtERN IRELANO Page 22 Ul•t•r Garden Vlll•ges Umlt•d Nots• to th• Flnanclal 8tatomonts For th• ygar onded 31 Dec•m￿r 2025 In¢omg from Invostfflents Unrgstylctod funds 2026 Total funds 202S Total fvnds 2024 Rents - irivesbnent propert Investment income Interest recewable Rents - Original Estates 889,761 869.761 482.629 482,629 3,989 3,989 1,147,115 1,147.116 787,468 460,451 3,561 1,105,843 2.503.434 2,603.494 2.357,323 The clèssifi¢ation of in¢ome has been changed from char*able a¢tMties lo ii¢ome from Investsnents. Compar*ive fgur65 are also in¢luded under unre5trh￿ed funds. Expènditurn on raislng funds Unroththd funds 202S Total Tclal funds 2024 2025 , semce charg& and Insurancg Repairs and upkeep Con8Ction costs Legal and professi)n81 fees Management fees- quoted investments 279,587 m,587 94,884 94.884 86,952 551,781 12,795 295,479 85,289 76,775 224,981 11,914 561,781 12,795 1.026.999 1,025,999 694.438 Comparative fvJures are also included uTrJer unreslrKted fund8. SUMER NU54 i I ILIIN IRELAND Page 23 Ulstsr Gffilgn Vlllages Umlted Notss to the Flnanclal Statements For th• yoar •nd•d 31 Dgcembw 2025 Exp•ndftura on ¢h#rltabl• adivitl•s Unr•%trict•d fund$ 2025 Total funds 2026 Total l￿d¥ 2024 Donation8 {8ee bel(hvl Original Estates Costs Support costs- aJmlni$tration (Note 8} 820,605 987,0 311,202 820,605 987.056 311,202 1,560,927 1,265,191 243.852 2,118,863 1118.863 3,069,970 Comparatwe figures are al80 included under unrestri¢led fund6. Donations INO. in br•¢kots): 2025 2024 P¢ople Disabilit￿ {1) Health18) Cufture and Heritage {2} Edu¢ation and Training Skills (81 Communty110) En￿ronMent{l) 10.1100 188.700 46,000 499.719 314,971 214.000 461.237 25,ofKI 295.000 275.WS 820,605 1,560,927 The donattons are all made to charitses OT (¥g￿lSatIonS falling wAthln the above &liwty types. A lull list of donation$ is disdc*ed in Ihe Annuol Report a ¢opy of whiGh is avaiknle from the Chartvs registered office. SUMER NORTHERN IRELAND Page 24 Ulstsr Garden Willag88 Llmlted No¢oS to tho Flnanclal Statements Forthe y•ar gndèd 31 Dgc•mb•r 2026 Support coJts- admlnlstrntlon 2024 Salaries, wages and pensions PremFses ¢osts Auditors, remuneration Accountancy and profess￿nal fees Printiw. 8tstion8ry and postage Miscellaneous IT Expenditurè Interest payable 169,2fl 41,054 10,6(10 22.131 144,361 42.209 10200 15,157 4,492 9.983 15,649 1,801 17A81 43.699 311.21r2 243,852 Ngt losslgaln on Inv•stments 2025 2024 (L088) I gain on sale of Original Estates propeTUes Galn on sale of other investmonts 11,571) 80.707 15.812 221,335 Reall8ed galn 79,136 237,147 Gain on revaluatlon of other investments Gain on revaluation of inveslment properties linduding Original Estates} unreali¥￿ galn 1,782,036 100,ODO 1,465,752 150.000 1082,036 1,615.752 Net galn on Invo¥tm•nts 1,961,172 1,852,899 Related p•rty transaGtlons The￿ were no relatsd paty transactions undertaken by the tharity during the year. At the year and there was a balance cl £500,00012024.' £500.000) due tr￿￿ Hearth Historic Buildiws Trust. A member of the Commlttee of Management is ch)$¢fy re18t8d to a Board Member of Hearth Historic Buih4ings Tru8L SUMER NOIITHERN IRELAND Page 25 Ul¥tsr Gordgn Vlllaggs Umlled Notos to the Flnanclal Statsmonts For th• y•ar ￿d•d 31 D•c•mlw 2025 Audilorf¥ r•munoratlon The 8uditotr8 remuner8tvJn 8rn0unts to an audit fee of £10,500 12024 - £10.2001. Amounts lotatllng £9,000 12024 - £7,020) were paid to thg audltor durfng the year for other seNke$ (In¢ludlng payroll. accountsncy and tay advice) and are indud¢d in AGwuntanw, legal arvj profess￿)nal fee5 in Nt)te 6 10. Siaff C￿ts and omolumonts 2025 2024 w￿e8 and salaries So¢i¥l ¥ecurity costs Employerfs contributions to dofira contrbutrm pension schem 139,617 18,514 11,126 128,397 8,300 7.664 169,257 144,361 Partlcularn of employees: Tha average numbor of employees during th8 year, calculated on the b3818 of fulkline equfvalents. was as follows.. 2025 Number of manag*Trenl staff During the year one employee recefr￿d remunarallon between £70,000 and £80,000 (2024:None}. During thg year empfv)yees received remuneralion betwwn £60.000 and £70.000 (2024.'One). There was no remuneratron or oxpertse8 in the yearto Committee Members. {2024.' £309). Th• kgy management personnel Comprises the CEO. The total empbye8 benefft8 of key management personnel of the Chanty was £77.625 (2024.. £80.977). 11. Corporailon Taxatlon The Charty is exompi from tax on ￿orne and gains lo the extent that these are appl*d to it8 charlable c&￿Cts. At 31 Decemtjer 2025 ￿ provision for corpmtion tax wa8 necessary. SUMER NORTrIERN IRELAND Page 26 Ul$t•r Gard•Tr Vlllages Lhnlt Notes to the Flnanclal Statem￿ty For tho y•ar •ndfjd 31 Decembor 2026 12. InVestM￿t proporty Inv•stment property Valu•¢ion At 1 January 2¢r25 Disposds Faw valug movement Additions 30.668,737 190,0001 100.000 96.697 At 31 Dgcember 2025 30,775.434 At 31 December 2022. the Committee of Management obtsined an 5ndependent profesSic￿al valuation from Rory Clark {MRICSI of Mcconr￿l Chartered Surveyors. at open market valuation, of Ortginal Estates. re5rdenlial and c(*nmercial prOP8rt￿ located in NeW(ownabbey, Whitehead and Lisbum in the sum of £18,881,238. At 31 December 2025, the valuation ha$ decreased to £18,Tll.934 due to the purchase and sak of Propert￿ in this three year pwiod. These propertie5 are held by Ulster Garden Villages Limhed as part of its charitable adiwtses of prowding housing 888OCo1gd amenbbes for pgtson$ in nece58itous circum81ances upon temis 4Trpropriate lo th8ir me8nB. On 2 February 21)26 a vam￿tIon of The Residence and Apartments a Willian Streel s(￿ and Vthria Square, Belfast syas obtained from Thomas O'Dogherty {MRICS) of Simon Brrtn Rgsidential in the sum of £2.297,500. This recognises rK> change in value a8 reported from 31 [￿eMber 2024. A structural 188ue which came to light during February 2019 affectlng 54 apartments ¢Mied by the chaiity resulted a $vJnrficanl decrease in the value of the investment prcperty of £8,639.800 wthich was re¢cgnised #i the financial 8tslements for the year end￿ 31 Decembar 2019. kntigation commenced during 2019 ￿erebY UGV is segking danoges in rnspe¢t of thi8 Igsue and as at 31 D•cembgr 2￿5 that ItUg8tion wa8 ongoing. On 2 February 2026 a v81uation Of'T￿ Banks", Grotynswt Road. Bangor obtslned from Thomas O'Dogherty {MRICS) of Simon Brièn Ro$vJential in thg sum of £9,700,000. Thls recognises an increase in Yalu? of invesknent propety of £100,C()O. The comparablg hislortsl cost and nel book value as 8t 31 Decamber 2025 1$ £15,726,234 12024.. £15.545,819). SUMER NU.?-. I IIRII IIIELAND Page 27 Ulthr G•fd•n Villagv Limil•d Notss to the Flnancw Statements For tho yoar end¢d 31 De¢ombor 2025 13. Tanglble fixed •ss•ts Plant and equlpment Cost or valuatlon At 1 J8nu8ry 202S 389,871 At 31 Decémb8r 2025 389.871 D•pr•¢latlon At 1 January 2025 389,871 At 31 December 2025 389,871 Nèt book valu• At 31 December 2025 At 31 December 2024 14. Other invoslments Unllsted inveslmonts Investments Total Cost or valuatlon At 1 January 2025 Addliions 20,628,803 2.814,501 13,237,964 1.781036 50.01)0 20,678.803 2,814501 13,237,9fj41 1,782.036 Disposals Revaluaticffis At 31 Dewnber 2025 21,987,376 50,OLNI 22,037,376 Net IM￿k value At 31 Docfjmbgr 2025 21.987.m 50,000 22,037,376 At 31 December2024 20,828,803 50,000 20,678,803 SUMER NORTHERN IREL4ND Pago 28 Ulst•r Ganlon Vlllagos Umltod Notes to the Flnanclal Statements Forthe yèar gnded 31 Decwnb•r 2026 16. Debtors 2026 2024 Due after mor• than one yOAr (Xher debtOTS 2,247,841 2.315.381 2.247,841 2.315,361 Due wlthln one y￿r Other dthors Prepwents and ac¢rued Kwjme 195,001 102240 166.185 75,925 2,545.082 2.557,471 1& Charitable loans 2026 2024 Due In less than one y••r Loans lrnpaim)ent pr￿￿10n 779.250 779,250 (128.250) 1128,29)) 651,IM)O 651,000 Due In morn than one year Loans 9,000 9.000 9.OlXI 9,￿0 Total loans 660.000 660,000 In addit￿ to outright grants. a5￿5￿nce may be given by way of ¢haritable IcAns whith cwry cetsin conditions at the discretion of the Ccmmitteg. The Committee agree8 on a case by case basis as lo whether a fixed chargo should be secured on a partiGular prcwty or other 888el. Hearth Heritage Buiklings Trust £500,000 (2024.. £500,000) is largest debtor. SUMER NORTHERN IRELAND Page 29 Ulstsr Garden Vlllage• Llmlted Notes to th• Flnanclal Statements For thg year gndod 31 Docthnber 2025 17. Cr•drtorn: Amounts falling du• wthln on• y•ar 2￿24 Loan stock houslng bonds. prlnc*al LO￿ Stock housing bonds, interest Accruals and daferred income 52.528 136,076 52.528 133,274 211,074 460,889 396.878 18. Shar• capttal 2,368 sharos of £1 each fulty paid (2024: 2,366). SUMER NOFITHERN IRELAND P¥Jo 30 Ulstsr Garden Vill*gM Umltod Notes to the Flnanclal Statem•nts Fortho y•ar ondgd 31 Docembor 202S 19. Statement of funds Balan￿ al 31 Gain￿ Decemb•r (Losses) 2025 Balance at 1 January 2026 Transfe Inlout Incom• Exp•ndlture Unrestrlclod funds Common Fund 19.594.613 General Fund 34066026 1820,6051 160&494 11324,257) 18.774.008 1,961.172 37.206,235 64,660,439 2,501494 13.144,862) 1,961,172 55.980.243 Balanc• at 31 G•in$l D•cem￿r {Loss•s) 2025 Balancg at I January 2026 Transfor8 Inlout Incomo Exp•nditure Restrfcted funds Sharè C¥rlal 2,366 Totsl of fund$ 64.662,805 2.501494 13,144,862) 1,961,172 65.982.611 SUMER NORTHERN IRELAND Pag¢ 31 Ul*t•r G•rdon Yill•gos Limli•d Notos to the Flnanclal Statem•nts For the yur end¢d 31 DoGombeT 20 19. Statement ol fund• (¢ontlnu•d) Sl•t•m•nt ol fvnds. wlor year B8*e* 31 Gairnl D￿mbfjr {Los$esl 2024 Balancè at 1 Janu 2024 Trarffjfers lout IrKome Expendilure Unrostrlcted funds CLynmon 19,155.539 Gewral Fund 35,058,759 {1,560,927) 2,0￿J.(M)0 19.594.612 2.357,323 {2.203.4811 (1.999,6731 1,852,899 35,065,827 54,214,298 2,357,323 {3,764,4081 327 1,852.899 54,660.439 Balance at 31 Gainsl Decerthr (Losses) 2024 Balan￿ at 1 January 2024 TranBfevs inl¢wl Inc￿ne Expèndlture Restrfcted funds Share Capital 2,693 (327) Tolal of funds 54,216,991 2,357,323 <3,764,408) 1.852.899 $4.e62,805 Common Fund - thkg represents anounts aside out of wcumulated surplu8es to provide gr￿, loans and other publ￿ benefft in furtherance of the main objectives of th& Charity. Generat Fund - represents accunulated surplus88 rdalned ts the g•Mral furtherance ol the Charitab￿ objecti￿5 after transfers to the C¢)mmon Fund. SUMER Nn?T AFRN IRELAND Page 32 Ulster Gardon ￿illage5 Umltqd Notss to the Flnanclal Statèmènts For the yur ended 31 DKember 2026 Analysb of n•t aswts b•I￿an fund• Unrostrlcted fvnds 2025 Total funds 2025 fvnds 2024 Fixed asset In￿lments Inveslmant propgty Debtors Charitable l¢)a Cash at bank and in harKJ Creditors due wiihln one year 22,037,376 22.037.376 20,678,804 30.775.434 30,775N34 30,868,737 2,545.082 2.546.082 2.557.471 e80,000 660.OOD 660.000 425.608 425,608 494,669 (460.889) {460,889P (396,876) 55,982.611 66.982,611 54,662.805 Commltments Ott￿r Commitmen18 There ore ¢ommitments of £1.76 Mill￿)n 12Q4.. £2.SS rnillion) to contributo to CharIab￿ proi8cl& on ich a19gal or constructr¥e obligali)n tg make payment ￿(￿6 not W exist, of whKh £1.14 millK*n (2024.. £1.89 miNion) is subject lo projoct ccrfnmgncement and scheduliig. Thw ￿MMitments *ill be financed through the Common Fund. Contlngont Ilablllty The lrtigation in relatw to the Str￿CtUral issu¢s at ￿￿tOrKI Square, where the Ch8rty has a numbgr of Investment prcyerties. remains unresclved. A I￿1gement was issued in March 2024 there the Charty was unsuccessful in its legal case ft>T redress due lo the lime limrtaliong set out in the DefgrtNg Premises In S￿eMb￿r2024, legiskqtion was pass￿ arnen(thng th? D8fectNe Premi8es Act I￿reaSed the lThitation period for claims from six to thirty years in Northem Ireland. A8 a resutt, the case has been sent back to the ortginal trialjudg8 for further delennination. The hearing is gxpected to be in November 2026. Remedol Mvrks to the affected propertles are required. The Course of aCt￿rt in relatK*n to the required works is 8ubject to further investIgat￿n and is highty uncertain al thi8 time. The costs of the remedial work cannot therefore be reliabty estimated nor can the oulcome of the ¢OLtrt The affected pr¢p¢rti95 have begn written dchvn to £Nil in these financd statements.. SUMER NORTHERN IRELAND Page 33 Ulstsr Gardon Vlllages Llmllod Notes to the Flnanclal Statsm•nts Forth• y￿r •nd•d 31 D￿•M￿r 2026 Accountlng e8lhnate• and ludgem•nts Koy of ostlmatlon uncortalnty Valuation fl Investr*nt properties - T￿ Committee of Management obtalned indeperKlenl profes8K￿al valuation$ frm SIM￿ Brign ResKlenlial Ltd for the properues held as at 31 Decwnber 2W25. The exlemal valuations. whth are adopted Sn Ihe8e financkql statements, provhled an open market valuation of the reskJ8nlial and comm&r¢ial propertEs ¢>wned by Ulster Garden Village8 Limked. R•conclllatlon of net mov•m•nt in fund# to not flow from op•ratlng actfvitles 2025 2024 Net In¢ome ts the year las per Sttlement of Financial Adiwbe8) 1,319.804 445,814 Adjustments for. G8in8 on inveslrnents Dividends, inkre5ts and rents from inveslments Decrease in debtors Inrn8e in creditors 11,961,1n> 11,852,899) 11,356,379> 11.251,480} 12.389 225,816 64,013 2.320 Net ush u5¢d In wratlng actlvlti 11.921.345) 12,350.429) Analy$l$ of cash and cash equlvalonts 2026 2024 Cash in h8rKI 4125.fJOB 494.669 Total cash and cash oqulvalents 426,608 494,669 SUMER NORTHERN IRELANO Page 34 Ulstsr Garden Villag•s Umil•d Notè5 to tho Flnanclal StJt8ments For the yHr gndod 31 De￿mbor 2026 Analyyls of Ch0ng￿ In n•1 debt At31 Dfjcembar 2025 Januory 2025 Cagh Ilo Cash at bank w#J in hand Dgbt due witrin 1 year 4x669 152,528} 169.061) 425,608 152,5281 442,141 (69,061) 373,080 Op•Ating leas• ¢ommilments Al 31 December 2025 the Charity had commitinonts to ma(e future minimum18a8e payments uThYer no cancellabl6 operating leases as fc4low8'. 2026 2tr24 Land and bulldlngs Not later than 1 sEar Later than 1 year and not latw than 5 years Later than 5 yew8 24.917 88,OlY) 67.83J 89M33 114.750 SUMER NORTHERN IRELAND Page 35