ARDFOYLE TRUST
Statement of Financial Activities
for the Year Ended 30 Se
tember 2023
2023
Total
funds
2022
Total
funds
Unrestricted Restricted
fund
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
22,424
22,424
25,039
Investment income
26,550
26,550
29,106
Total
48,974
48,974
54,145
EXPENDITURE ON
Charitable 2Ctivities
Governance costs
Charitable Donations
3,382
49,015
1,574
73,643
49,015
Other
24,808
Total
52,397
52,397
100,025
NET INCOME/(EXPENDITURE)
(3,423)
(3,423)
(45,880)
RECONCILIATION OF FUNDS
Total funds brought forward
752.384
752,J84
798,264
TOTAL FUNDS CARRIED FORWARD
748,961
748,961
752,384
The notes form part of these financial statements
Page 4

ARDFOYLE TRUST
Balance Sheet
30Se
tember 2023
2023
Total
funds
2022
Total
funds
Unrestricted Restricted
fund
funds
Notes
FIXED ASSETS
Investment propety
459.290
459,290
459,290
CURRENT ASSETS
Debtors
Cash at bank
12
66.435
227,387
56,563
240,259
227,387
293,822
293,822
296,822
CREDITORS
Amounts falling due within one year
13
(4,151)
(4,151)
(3,728)
NET CURRENf ASSETS
289,671
289,671
293,094
TOTAL ASSETS LESS CURRENT
LJABILITIES
748,961
748,961
752,384
NET ASSETS
748,961
748.961
752,384
FUNDS
Unrestricted funds
14
748,961
752,384
TOTAL FUNDS
748,961
752.384
The charitable company is entitled to exemption from audit under Section 477 of the Cornpanies Act 2006
for the yeai- ended 30 September 2023.
The members have not required the company to obtain an audit of its financial Statements for the year ended
30 September 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a)
ensuring that the charitable company keeps accounting records that comply with Sections 386 and 3 87
of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the Charitable
company as at the end of each financial year and of its surplus or deficit for each financial year in
accordance with the requirements of Sections 394 and 395 and which otherwise comply with the
requirenients of the Companies Act 2006 relating to financial statements, so far as applicable to the
charitable company.
The notes form part of thes¢ financial statements
Page 5
continued.-

ARDFOYLE TRUST
Balance Sheet- continued
30 Se tember 2023
These financial statements have been prepared in accordance with the provisions applicable to charitable
companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for i55ue on
.. J¥4L..2c)l.fr. and were signed on its behalf by..
Jmc
land- Trustee
The notes form part of these financial statements
Page 6

ARDFOYLE TRUST
Notes to the Financial Statements
for the Year Ended 30 Se tember 2023
COMPANY LIMITED BY GUARANTEE
Ardfoyle Trust Ltd is a company limited by guarantee and accordingly does not have share capital.
Each member of the company has undertaken to contributed such amounts as will be required not
exceeding £1 O to the assets of the company in the event of its being wound up while he or she is a
member or within one year after he or she ceases to be a member.
ACCOUNTING POLICIES
Basi5 of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102.
have been prepared in accordance with the Charities SORF (FRS 102) 'Accounting and Reporting by
Charities: Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland, and the Cotnpanies Act 2006. The financial statements
have been prepared under the historical cost convention.
Financial reporting standard 102 - reduced disclosure exemptions
The charitable company has taken advantage of the following disclosure exemptions in preparing
these financial statements. as permitted by FRS 102 'The Financial Reporting Standard applicable in
the UK and Republic of Ireland,:
the requirements of Section 7 Statement of Cash Flows.
the requirement of paragraph 3.17(d)'
the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii). 11.48(a)(iv), 11.48(b)
and I1.48(c)'
the requirements of paragraphs 12.26, 12.27. 12.29(a), E2.29(b) and 12.29A-
the requirement of paragraph 33.7.
Income
All inconie is recognised in the Statement of Financial Activities once the charity has entitlement to
the funds. it is probable that the incoine will be received and tlie amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
committing the charity to that expenditure, it is probable that a transfer of economic benefits will be
required in settlement and the amount of the obligation can be measured reliably. Expenditure is
accounted for on an accruals basis and has been classified under headings that aggregate all cost
related to the category. Where costs cannot be directly attributed to particular headings they have
been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a
commitment but not accrued as expenditure.
Taxation
The charity is exempt from Corporation tax on its charitable activities.
Fund aecounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the
trustees.
Page 7
continued...

ARDFOYLE TRUST
Notes to the Financial Statements - continued
for the Year Ended 30 Se
tember 2023
ACCOUNTING POLICIES- continued
Fund accounting
Restricted funds can only be used for particular restricted purposes within the objects of the charity.
Restrictions arise when specifIed by the donor or when funds are raised for particular restricted
purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
staternents.
DONATIONS AND LEGACIES
2023
2022
Donations
Gift aid
18,139
4,285
20,050
4,989
22,424
25,039
INVESTMENT INCOME
2023
2022
Rents received
Deposit account interest
Interest receivable
Ground Rent received
23,650
141
2,271
488
17,267
135
10.772
932
26,550
29,106
CHAIUTABLE ACTIVITIES COSTS
Grant
nding of
actLVlties
(see note
Support
costs (see
note 7)
6)
Totals
Governance costs
Charitable Donations
3,382
3,382
49,015
49,015
49,015
3,382
52,397
Page 8
continued...

ARDFOYLE TRUST
Notes to the Financial Statements - continued
for the Year Ended 30 Se
tember 2023
GRANTS PAYABLE
2023
2022
Charitable Donations
49,015
73,643
SUPPORT COSTS
Governance
costs
Management
Totals
Governance costs
1,219
2.163
3,382
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 30 September 2023 nor for
the year ended 30 September 2022.
Trustees, expenses
Thei'e were no trustees, expenses paid for the year ended 30 September 2023 nor for the year ended
30 September 2022.
STAFF COSTS
The average monthly number of employees during the year was as follows..
Trustees
2023
2022
No employees received emolumeiits iii excess of £60,000.
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted
fund
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
25,039
25,039
Investment income
29.106
29,106
Total
54,145
54,145
EXPENDITURE ON
Charitable activities
Governance costs
Charitable Donations
1,574
73.643
1.574
73.643
Other
24,808
24,808
Page 9
continued...

ARDFOYLE TRUST
Notes to the Financial Statements - continued
for the Year Ended 30 Se tember 2023
io.
COMPARATKVES FOR THE STATEIVIETrrr OF FINANCIAL ACTtVITIES - continued
Unrestricted Restricted
Total
fund
funds
funds
Total
100,025
100,025
NET INCOMEI(EXPENDITURE)
(45,880)
(45,880)
RECONCILIATION OF FUNDS
Total funds brought forward
798,264
798,264
TOTAL FUNDS CARRIED
FORWARD
752,J84
752,i84
ii.
INVESTMENT PROPERTY
FAIR VALUE
At l October 2022
and 30 September 2023
459,290
NET BOOK VALUE
At 30 September 2023
459,290
At 30 September 2022
459,290
The trustees consider that the investment properties are shown at fair market value.
12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
Other debtors
Gift Aid Reclaim
62,150
4,285
51,600
4,963
66,435
56,563
Page 10
continued...

ARDFOYLE TRUST
Notes to the Financial Statements - continued
for the Year Ended 30 Se
tember 2023
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
VAT
Accruals and deferred income
2,530
,621
2,333
1,395
4,151
3,728
14. MOVEMENT IN FUNDS
Net
movement
in funds
At
1110122
At
3019123
Unrestricted funds
General fund
752,384
(3,423)
748,961
TOTAL FUNDS
752,384
(3,423)
748,961
Net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Moveinent
in funds
Unrestricted funds
General fund
48,974
(52,397)
(3,423)
TOTAL FUNDS
48,974
(52,397)
(3,423)
Comparatives for movement in funds
Net
movement
in funds
At
1110121
At
3019122
Unrestricted funds
General fund
798,264
(45,880)
752,384
TOTAL FUNDS
798,264
(45,880)
752,i84
Page 11
continued..

ARDFOYLE TRUST
Notes to the Financial Statemei)ts - continued
for the Year Ended 30 Se tember 2023
14.
MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestrieted funds
General fund
54,145
(100,025)
(45,880)
TOTAL FUNDS
54,145
(100,025)
(45,880)
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
in funds
At
1110121
At
3019123
Unrestricted funds
General fund
798,264
(49,303)
748,961
TOTAL FUNDS
798,264
(49,303)
748,961
A current year 12 months and prior year 12 months combined net movement in funds, included in the
above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
103,119
( l i2,422)
(49,303)
TOTAL FUNDS
103,119
( l i2,422)
(49,303)
Page 12
continued...

ARDFOYLE TRUST
Notes to the Financial Statements - continued
for the Year Ended 30 Se
tember 2023
15. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 September 2023.
Page 13