ARDFOYLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Unrestrlctèd
funds
2024
Unrestrlcted
funds
2023
Notes
Incom• from:
Donalions and legacies
Investments
215,441
24.441
22.425
26,549
Total income
239.882
48,974
Expènditurg on:
Charitable adiwlies
118,212
52,397
Total expenditure
118.212
52,397
Net In¢om•l{oxpenditurel and movement in funds
121,670
13,423)
Reconciliation of funds:
Fund balances al 1 O¢lober 2023
748,961
752,384
Fund balan¢e$ at 30 September 2024
870,631
748,961
The slalemenl of financial activities indudes all gains and losses recognised in the year. AU income and expenditure
derive from continuing actiwties.

ARDFOYLE TRUST
BALANCE SHEET
AS AT30 SEPTEMBER 2024
2024
2023
Not•s
Flxed assèts
Investment propety
11
459.291
459.289
Current 8s$ets
Debtors
Cash at bank and in hand
12
67,504
347,839
66.435
227,387
415,343
293,822
Creditors: amounts falling due within
one year
13
(4,003}
14.1501
Net current assets
411,340
289,672
Totsl as$ets18$s Current liabilltlos
870.631
748.961
The fund$ of the
Unreslricled fvnds
14
870,631
748.961
870.631
748,961
The company is entitled lo the exemption from the audit requifemenl contained in section 477 of the Companies Act
2006, for the year ended 30 September 2024.
The directors acknowledge their responsibilities for complying with the requiTements of the Companies Act 2006
with respect lo accounting records and the preparation of financial slalernenls.
The members have not requiTed the company lo obtain an audit of 115 financial statements for the year in question in
accordance with section 476.
These finanaal slaternents have been prepared in accordance with the provisions applicable lo companies subject
to the small companie5 regime.
The financial statements were approved by the Trustees on
McFarfand
Company registration number N1016968 (Northern Ireland)

ARDFOYLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Accountlng pollcles
Charfty infom)ation
Ardfoyle Trust is a private company limited by guarantee incorporated in Northern Ireland. The registered
office is .
1.1 Accountlng ¢onvention
The financial statements have been prepared in accordance with the '$ governing document, the Companies
Act 2006. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the
Charities SORP "Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo
charities preparing Iheir ac¢xunts in ac¢oidaDce with the Finanaal Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102)" The is 8 Public Benefit Entity as defined by FRS 102.
The has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.
The financial statements are prepared in sterling, which is the functional cuffency of the . Monetary amounts
in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, Imodified lo indude the
valuation of freehold propertie5 and lo include investment properties and ￿rtain financial instruments at fair
valuel. The principal accounting policies adopted are sel out below.
1.2 Golng concern
Al the lime of approving the financial slalemenls. the Trustees have a reasonable expectation that the has
adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees
continue to adopt the going concern basis of accounting in prepanng the financial stalemenls.
1.3 Charitable funds
Unrestricted funds are available for use at the diwetion of the Trustee$ in ftjrtherance of their charitable
objectt'ves.
Restricted funds are subject lo specific conditions by donors or grantors as lo how they may be used. The
purposes and uses of the ￿$In¢led funds are sel out in the notes to the finanual statements.
Endowment funds are 5ubjed to specific conditions by donofs that the capitsl must be maintained by the .
1.4 In¢omè
Income is recognised when the is legally entitled to it after any perfoThance condilKJns have been met, the
amounts can be measured reliably, and it 15 probable that income will be received.
Cash donations are recogni5ed on receipt. Other donations are recognised once the has been notified of the
donation, unless perfomiance conditions require deferral of the amount. Income lax recoverable in relation to
donations received under Gsft Aid or deeds of covenant is recognised al the lime of the donation.
Legacies are recognised on receipt or olhefwise if the has been notified of an impending distribution, the
amount 15 known, and ￿CeIpt is expected. If the amount is not known, the legacy 15 Irealed as a contingent
assel.

ARDFOYLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Accounting policies
(Continued)
1.5 Expenditur•
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit lo
third party, it is probable that a transfer of economic benefils will be required in set￿eMent. and the amount of
the obligation can be measured reliably.
Expenditure is classified by actiwty. The c0515 of eath activity are made up of the total of direc¢ costs and
shared costs including support costs involved in undertaking each aclivily. Direct costs attributable lo a single
activity are allocated directly lo that aclivity. Shared costs which Contribute to more than one activity and
support costs which are not attributable lo a single activity are apportioned between those activitie5 on a basis
consislenl with the use of resources. Central staff costs are allorAled on the basis of time spent, and
deprèciation charges are allocated on the portion of the asset's use.
1.6 Investment pro￿rtY
Inve51rnenl property, which is property held lo earn renta15 andlor for capital appreciation, is initially
recognised al ctssl, which includes the purchase Cost and any directly attributable expenditure. Subsequently
il is measured al fair value al the reporting end dale The surplus or deficit on revaluali¢n is recognised in
profit or loss.
IProperty rented lo a group entity is accounted for as tangible fixed assels.I
1.7 Cash and ¢a$h equivalents
Cash and cash equivalen15 include cash in hand. deposits held at call with banks. other short-term liquid
investment5 Wlth original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown
within borrowings in currenl liabilities.
1.8 Flnancial instruments
The has elected to apply the provisions of Section 11 '8asic Financial Inslruments, and Section 12 '0ther
Financial In51rumenls Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the 's balan￿ sheet when the becomes paty lo the contraclual
provisions of the instrument.
Financial assets and liabilitie5 are offset, with the nel amounts presented in Ihe finanual stalemenls, when
there is a legally enforceable right to sel off the recognised amounts and there is an intention lo sellle on a nel
basis or lo realise the assel and setue the liability simultaneously.
8aslc financial assets
Basic financial assets, which indude debtors and cash and bank balances. are initially measured al
transaction price including transaction costs and are subsequently carried al amortised cost usin9 the effe¢live
interest method unless the arrangement constitutes a financing transaction. where the transaction is
measured al the present value of the future receipts discounted at a market rale of interest. Financial assets
classified as receivable within one year are nol amortised.
Baslc financial liabilities
Basic financial liabilities. induding creditors and bank loans are initially recognised al transaction price unless
the arrangement cor)5titule5 a financing Iran5aclion, where the debt instrument is tneasured at the present
value of the future payments discounted al a market rate of ir)terest. Financial liabilitie5 classified as payable
within one year are not amortised.
Debt instruments are subsequenily carried al amortised cost, using the effective interest rale method.
Trade creditors are obligations lo pay for goods or service5 that have been acquired in the ordinary course of
operations from supplier5. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-currenl liabilitie5. Trade ¢redilors are recognised inilially at
transaction price and sub5equentty measured al amortised cost using the effective inleresl method,

ARDFOYLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Accounting poll¢io$
Icontlnuod)
DerecogniTtion of finan¢ial liabilities
Finan031 liabilities are dere￿gniSed when the 's contractual obligations expir8 or are discharged or cancelled.
1.9 Employee b8n•fits
The cost of any unused holiday enliuemenl is recognised in the period in which the employee's services are
ceived.
Termination benefits are recognised immedialety as an expense when the is demonstrably committed lo
lerminale the employment of an employee or to provide termination benefits.
Criti¢al a¢¢ounting estlmates and Judgements
In the application of the 's accounting polic¢es. the Trustees are required lo rnake judgements. estimates and
assumptions about the carrying amount of assets and liabilities that afe not readity apparent from other
sovr¢es. The estimates and associated assumptions are based on historical experien￿ and other factors that
are considered lo be relevant. Actual resv115 may differ from these estimates.
The eslima18s and undertying assumption5 are reviewed on an ongoing basis. Revlsions to accounting
esb"males are recognised in the period in which the estimate is revised where the revision affect5 only that
peiiod, or in the period ol the revision and future periods Whe￿ the revision affects both ajrrenl and future
periods.
Income from donationg and legaclos
Unrestricted
funds
2024
Unrn$trictgd
funds
2023
Donations and gift5
GTanls
212.387
3,054
18.140
4.285
215,441
22,425
Donations and gifts
The Eiizabelh Blair Trust
Other
200,0(Y)
12,387
18.140
212.387
18,140

ARDFOYLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Income from investments
Unrestri¢tod Unrestricted
funds
funds
2024
2023
Renlal income
Interest receivable
20,533
3,908
24,138
2.411
24,441
26.549
Expenditure on charitsble activities
Charltable
a¢tiviti6$
2024
Charitable
activities
2023
Direct ¢o$ts
Expenditure on charitable activities
114.517
49,015
Share of $upport and govemanco ¢0$ts1$0o nots 61
Support
Govemance
1.648
2.047
1,219
2,163
118,212
52.397
Analysis by fund
Unrestricted fvnds
118.212
52.397
Support costs allocated to activities
Charitable
activiti•$
2024
Total
2023
Rates and water
Insurance
Light and heal
Postage and stationery
Repairs and maintenance
Bank Interest
Governance
(761
1,620
1114}
20
{4271
196
2,163
1.583
154
1,958
3.695
3,382

ARDFOYLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Not movement in fvnds
2024
2023
The net movement in fijnds is slated after thargingl(creditingl'.
Fees payable lo the tharity's independent examiner:
for the independent examination of the charity's finanual statements
- for other financial services
1.600
440
1,525
390
Trustees
None of the Trustees (or any persons connected with them) received any remunerats'on or benefits from the
during the year.
Employeos
The average monthly number of employees during the year was..
2024
Numbfrr
2023
NuM￿r
Trustees,
Secretary
Total
There were no employees whose anntsal remuneration was more than £60.01)0.
Remunerdtion of key management personnel
10 Taxation
The charity is exempt from laxalion on ils actiwties because all its income 15 applied for tharitable purposes.
11 Investment property
2024
Fair value
At 1 October 2023 and 30 September 2024
459.291
The trustees consider that the investment properties are shown al fair market value.
12 Debtorn
2024
2023
Amounts frdlling due wlthln one year:
Other debtors
67.504
66,435

ARDFOYLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
13 Creditors: amounts falling due wlthln on• year
2024
2023
Other taxation and social security
Accruals and deferred income
2,403
1.600
2.530
1,620
4.003
4,150
14 Unrg$tri¢tsd funds
The unreslricled funds of the charity comprise the unexpended balances of donations and grants which are
not subject lo specific conditions by donors and grantors as lo how they may be used. These include
designated funds which have been Set aside out of unrestricted funds by the trustees for spectfic purposes.
At 1 October
2023
Incoming
resour¢es
Resources
expènded
At30
September
2024
General funds
748,961
239,882
1118,2121
870.631
Previous year:
At 1 October
2022
Incomlng
resourcos
R•$ourco$
expended
At30
Septsmbèr
2023
General funds
752.384
48.974
152,397)
748,961
15 Related party transactlons
Thère were no disclosable related party transactions during the year12023 - none).
10-