ARDFOYLE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2025 Unrestricted fund* 2026 Unrestricted funds 2024 Notes Income from: Donations and legacies Investmen15 267,297 12.735 215,441 24,441 Totsl incom• 280,032 239,882 Expèndlture on- Charitable actiwties 120.136 118,212 Totsl expendtture 120.136 118.212 N•t incom• and mov•m•nt in funds 159.896 121,670 R&conclllatton of funds.. Fund balan￿S at 1 October 2024 As originally reported Prior year adjustment As restated 876, 131 (5.500) 870,631 748,961 748,961 Fund balan¢•$ at 30 S•ptsmb•r 202S 1,025.027 870.631 WARNING.. C/fwd reserves do nol match grid totals 5,500 The slalement of finanaal activities indudes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. ARDFOYLE TRUST BALANCE SHEET ASAf30 SEPTEMBER 2025 2025 2024 Note$ Flx•d assets Investment property 11 459,289 459,291 Current assets Oeblors Cash at bank and in hand 12 61.625 507.093 67,504 347,839 568.718 415,343 Creditors: amounts falling du• wlthln one year 13 12.9801 14,CK131 Nèt currènt assèts 56S.738 411,340 Total a88ets less current Ilablltties 1,025.027 870.631 The funds ofthe Unrgstricted funds 14 1.025.027 870.631 1,025.027 870,631 The cornp8ny is entitled lo the exemption from the audit requirement contained in section 477 of the Companies Act 2006. for the year ended 30 September 2025. The director acknowledges her responsibilitiès for complying with thè requirements of the Companies Aet 2008 wrth respèct to accounting racords and thè praparat'on ¢f finanaal stalemenls. The membe[5 have not required the company lo obtain an audit ol 115 financial statements for the year in question in accordance wrth Section 476. These financAal statements have beèn prepared in accordance wth the provisions applicable to companies subject to the small companies regime. The finan¢ial statements were approved by the Trustees on 30 June 2026 Mr R Webster Company registration number N1016968 (Northern Irèlandl ARDFOYLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accounting policies Charfty Infomiatlon Ardloyle Trust is a private o)mpany limited by guarantee in¢orporaled in Northern Ireland. The registgred office is. 1.1 83$i$ of preparation The financial statements hav8 beèn prepared in accordance with the '5 governing document. the Companies Act 2006, FRS 102 'Th6 FinanGial Reporting Standard applicable in the UK and Republic of Ireland and the Charities SORP "Accounting and Reporting by Gharities.. Staternent of Recommended Practice applicable lo harilies preparin9 their accounts in accordance with the FinancAal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" The is a Public Benefit Entity as defined by FRS 102. The has (aken advantage of the provisions in the SORP for charitiés not to prèpare a statament of cash flows. The finanaal s¢atgments are prepared in sterfing. which is the functional currency of the . Monetary amounts in thesè financial ststement5 are rounded lo the nearest £. The financial statement5 have been prepared under the hislorical cost convention, Imodffied to include Ihe revaluation ol freehold properties and to include investment properties and certain finanaal instrurnenls at fair valuel. The principal accounting policies adopted are set out below. 1.2 Going concem Al the lime of approwng the finanaal statements, the Trustees have a reasonable expectation that the has adequate resources to continue in operational existence for the foresaeable future. Thus the Trustees continue to adopt the going concern basis of accounts'ng in preparin9 thè finanaal statements. 1.3 Charitable funds Unreslrided funlls are available for use al the discretion ol the Trustees in furtherance of their charitable objective5. Reslri¢tetJ funds are subject to Speiific conditions by donors or grantors as lo how they may be used. The purptsses and uses of the restricted funds are set out in the notes to the finanaal 51alements. Endowment fvnds a￿ subject lo specffic condllions by donors that tt)e capital musl be maintained by the . IA Incomè Income is recognised when the is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the has been notified of the donation, unless perfom)ance conditions require deferral of the amount. Income tax recoverable in relation to donations received under GiftAid or deeds of covenant is recognised at the timo of the donation. Legacies are recognised on recèipt or othetwise if the has been notrfied of an impending distribution. the amount is known, and receipt is expected. If the amount is not thown. the legacy is Ireatgd as a contingent asset. ARDFOYLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accounting polici•s Icontlnuodl l.S Expenditure Expenditure 15 recognised once there is a legal or constructivg obligation to transfèr economic benefit to a third party, it is probable that a transfer ol economie benefrts will be requirèd in settlement, and the amount of the obligation can be measured raliably. Expenditure is class117ed by a¢tiwty. The costs of each a¢tiwty are made up of the lolal of direct Costs and shared c951s, including support Costs involved in undertaking each activity. Direct costs attributable lo a single 8Ctiwty are allocated directly to that activity. Shared costs which contribute lo more than one activity and 5UPPOrt cost5 which are not attributable to a single activity are apportioned be￿een those activities on a basis consistent with the use of resources. Central staff costs are allocatèd on the basis of time spent. and depreaation charges are allocated on the portion of the asset's use. 1.6 Investment property Investment property. which is property held lo eam rentals andlor for capital app￿labon. is initially recognised * cost. which indudes the purchase cost and any directly attributable expenditure. Subsequently il 15 rnea5ured al fair value al the reporting end dale. The surplus or deficit on revaluation is recognised in profil or loss. IProperty rented to a group entity is accounted lor as tangible fixed assets.] 1.7 Ca8h and Cash equivalents Cash and ¢ash equivalents indude cash in hand. dep05rts held al call with banks. other short-lem liquid investments with original rnalurilie5 of thfee months or less, and bank overdrafts. Bank overdrafts are Shown within borrowings in current liabilities. 1.8 Financial instruments The has elected lo apply the provisions of Section 11 'Basic Financial Inslrumenls. and Seclitsn 12 '01her Financial In51rurnenls Issues, of FRS 102 to all of its financial inslrumenls. Financial instruments are recognised in the 's balance sheet when the becomes party lo the contractual provisions of the instrurnent. Financial assets and liabilthes are offsèt. with the net amounts presented in the finanual statements, when there is a legally enforcèable right to sèt off the recognisad amounts and there is an intention to settl¢ on a nel basis or to rèalise thè asset and settte the liability simultanaously. Basic financial assets Basic finanaal assets. whlch indude debtors and cash and bank balances. are initially measurèd 81 Iransaotion price including transaction ￿515 and are subsequently carried al amort15ed c051 Ljsing the effective interest method unless the arrangement conslrtules a financing Iransaclion, where the transaction is measured al the present value ol the future receipts discounted at a market rate of inleTesl. Finanual assets classified as receivable within one year arg not arnortised. Ba$le flnanelal Ilabllitles Basic financial liabilities, including creditors and bank loans are initially recognised al transaction Pri￿ unless the arrangement constitutès a financing transaction, whère the debt instrument is measured at th• present value of the future payments discounted at a markèt rale of interèst. Finanaal liabilities rjassffied as payable within one yèar are not amortised. Debt instruments are subsequently carried at amortised cost. using the effective interest Tale method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliors. Amounts payable are dassiffed as current liabilities if payment is due within one y8ai or less. If not, they are presented as non-current liabilitl85. Tiade creditors are recognised initially at Iransactitrn price and subsequently measured at amortised Mst using the effective intere51 method. ARDFOYLE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accounting pollci•s Icontinuèdl Dereeognltlon of flnanelal Ilablllties Financial liabilities are derecognised when thÈ's contraetual obligations expire of arè discharged or caneelled. 1.9 Employ•• bèn•ffts The cost of any unused holiday ant￿&ment is recognised in the penod in which the gmployeg's SèM¢es are re¢eived. Termination benefits are recognised immedialety as an expense when the is demonstrably comrnitted lo terminate the employment of an employee or to provide lemination benefits. Crltieal accounting •stimat•s and judgèmènts In the application of the 's acco￿ntIng policies. the Trustees are required lo make judgamenls, estimates and assumptions about the carrying amount of assets and liabilities that are not readity apparent from other sources. The esh'rnale5 and assoaated assurnplions are based on historical experience and other factors that are considered to be relevant. Actual Tesulls may differ from these estirnale5. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting estimates are recognised in the period in which the ests'mate is rewsed where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future pariods. In¢om¢ from donatlon$ and l¢ga¢lo8 Unre$tri¢ted fund$ 2025 Unrestricted fundi 2024 Donations and gifts Grants 265,822 1,475 212,387 3,054 267,297 215,441 Dortatlons and glfts The Elizabelh Blair Trust Oiher 259.922 200,000 12,387 265,822 212.387 ARDFOYLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Income from investments Unrestricted Unrestricted funds fund8 2025 2024 Rental income Interest r8¢eivable 6,SC 6,235 20,533 3,908 12.735 24,441 EX￿ndIt￿rn on eharltablo a¢tlvltl•s Charitabl¢ activities 2025 Charftable activities 2024 Direct Costs Expenditure on charrtable activth'es 115.665 114.517 Sh4re of $upport and governance costs (see note 61 Support Governance 2.426 2.045 1,648 2,047 120,136 118,212 Analysis by fund Unrestrictèd fund5 120.136 118,212 Support eosts allocated to a¢tivltle8 Charitable actlvlti•s 2025 Total 2024 Rates and water Insurance Sundry Bank Interest Governance 717 1.575 69 65 2,045 1.583 1,958 4.471 3.695 ARDFOYLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Net movement in funds 2025 2024 The net movement in funds is slated after ¢hargingllcredilingi'. Fee5 payable lo the charrty's independent examiner.. - for thè independènt Èxaminatson of the charity's financial staternents for other finanaal services 1.680 1.600 440 Tru$ts*$ None of the Tru51ee5 lor any persons connecied with theml recEived any remuneration or benefits from the during the year. Employees The average rnonlh￿ number tsf employees during the year was.. 202S Numb•r 2024 Numb•r Trustaas, Secretary Total Thera wera no 8mploy&as whose annual remuneration was MO￿ than £60,000. R•munoratlon of k•y management pèrsonnel 10 Taxation The charity is exempt from tax*'on on its activiti95 bècause all its ineomè is applièd for charitable purposes. 11 Inv•stm•nt Pro￿rty 2025 Fair value Al 1 October 2024 and 30 September 2025 459,289 The trustees consider that the invesimont pro￿r￿eS are shown at fair market value. 12 Dtbto 202S 2024 Amounts falling due within one year: Tradè debtors Othèr dabtors 18.9SO 42,675 20.950 46.554 61.625 67.504 ARDFOYLE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 13 Creditors: amounts falllng due within on• year 2025 2024 other taxation and social sacurity Accruals and deferred income 1,380 1,600 2.403 1.600 2,980 4,￿3 14 Unr•strlctÈd fundj The unrestricted funds of the charity comprise the unexpended balances of Llonalions and grants which are not subje¢l lo specific conditions by donors and grantors as to how they may be used. These includè designated funds which have been sel aside out of unrestricted funds by the trustees for specffic purposes. At 1 October 2024 Incoming r8sourc•$ R•soureès At30 èxpended Septembèr 2025 Gen6ral funds 870.631 280,032 1120.1361 1,030,527 Prevlous yèar: At 1 October 2023 Incoming resourcès R•sourc•s At30 •xpènded Septembér 2024 General funds 748,961 239,882 1118,2121 870.631 15 Related party transactlons There were no disdosable related party transaction5 during the year12024- nonel. 10-