Company Reglstratlon Number: N1022996 Charlty Reglstratlon Number.. 104137 Buddy Bear Trust (Charitable Company Limlted by Guarantee) Annual Report and Unaudited Flnancial Staternnts For the year ended 31 August 2025 111 11111 AF2EL5MI¥ 1910512026 COMPANIES HOUSE Buddy Bear Trust {Charltable Company Llmlted by Guarantee) CONTENTS For the year ended 31 August 2025 Page General Informatlon Dlrectors, Report Independent Examinerfs Report Statement of Financial Actlvitles Statement of Financial Posltion io-ii Notes to the Flnandal Statements 12-21 Buddy Bear Trust (Charltable Company Umlted by Guarantee) GENERAL INFORMATION Board of Dlrectors Mr5 Phyllls Agnew Mr Brendan Mcconvllle Rev Eamonn Mccamley lappolnted 2 D￿Mber2024) Mrs Mary Murphy Company Se¢ret)ry Phyllis Agnew {re51gned 18 February 2025) Registered Office Peto Centre Killyman Road Dungannon Co Tyrone BT7L 6DE Company Reglstratlon Number N1022996 Charlty Reglstration Number 104137 Independent Examlners Cooper Parry Audlt (Ireland) Umlted Chartered Accountants 36-38 Northland Row Dungannon Co Tyrone BT716AP Bankers U15ter Bank 39 Market Square Dungannon Co Tyrone BT70 IJJ Sollcitors TugharTrs Sollators Marlborough House 30 Victorfa St Belfast Co Antrfm BTI 3GG Buddy Bear Trust (Charltable Company Llmited by Guarantee) DIREcfoRS' REPORT for th¢ year ended 31 August 2025 The Dlrectors, who are the trustees for the purpose of charfty law, have pleasure In presentlng thelr report and the unaudited flnancial statements of the charitable company for the year ended 31 August 2025. The financial statements have been prepared in accordance with the Statement of Fiecommended Practlce "Accounting ar)d Reporting by Charities" (FRS 102) and the Companles Act 2006. Reference Jnd Admlnlstratlon Detslls The referen￿ and administration details of the charftable company are as shown on page 2. ObJectlves and Activities The prlnclpal actlvlty or the tharltable company Is to relleve slckness of chlldren sufferlng from cerebral palsyi splna biflda and other motor neurone dlsorders. The maln strateglc objecuves of the Trust are: To provlde conductlve education for chlldren who suffer from cerebral palsy and other motor disorders. To become a "mainstream" part of education and therapy for children suffering from cerebral palsy in Northern Ireland and to see greater integration of the existlng servlces of health and educatlon for such chlldren. The key alms of Buddy Bear Trust are to allow young people to benefit from this life changing therapy and develop their own optimum level of Independence. Publlc Benefit Statement The Dlrectors of Buddy Bear Trust conflrm that they have rtsmplied wlth thelr duty under settion 4(6) of the Charlties Act (Northern Ireland) 2008 to have regard to the Charity Commission for Northem Ireland's guldano on public benefit and that the public beneflt requirement ha5 inforrned the activities of the tharitable company in the year ended 31 August 2024. Achievements and Perforniance Chlldren wlth Cerebral Palsy at the Buddy Bear Trust Conduttlve Educatlon School ("Buddy Bear Sthool") benefited from a team led by the prlndpal and two other Peto trnlned Conductors, all of whom a￿ registered wlth the General Teachlng Coundl of Northem Ireland as well as three experlenced Classroom Asslstants and a part-time Secretsry. The Buddy Bear School wa5 able to offer places to chlldren in one of four main group5 being: Parent and Chlld Group (P￿-Nursery). Nursery Group; Sthool Group I. and School Group 2. Chlldren at the Buddy Bear Sthool made g￿t progre55 under the guldance of the Condurtors/Teachers. Each chlld made vislble progress thtDughout the year whlch pleased and motivated their parents to request more conductive educatlon wlthln the school. Page 3 Buddy Bear Trust (Charitable Company Llmlted by Guaranto0) DIREcfoRS' REPORT for the year ended 31 August 2025 (Contlnued) ear The Buddy Bear Trust contlnues to actlvely promote Its flve year'ufetlme of Dlfference, project. The projert Is funded for flve years by the Natlonal Lottery Communlty Fund and the Mcclay Foundation untll June 2026. These vltal funds serve as a platform but stlll leave a shortfall for the optlmum running costs of the school whld) we need to supplement with government fundlng and ongolng fvnd ralslng. The Buddy Bear Trust continues to ￿lY heavily on volunteers to asslst in the day-to-day operational running of the charity. Such volunteers are Invaluable, and the charlty continues to be grateful for their continued input. The volunteers do not receive any remunerdtion; however, the charlty will cover any costs of travel and expenses In order to ensure no volunteers are out of pocket for the costs they incur. Good volunteers are the backbone of any charltyi and we appreciate their tlme and effort. The charlty Is also very grateful for the support from the Parlsh of Dungannon who contlnue to lease the school bullding to us on a rent-free basis. In Ottober 2024 Paul Glvan, Minister of Education, visited the school and met with the dlrettors as well as staff, parents and children. The parents impressed on rhe Mlnlster how much they value the 5pecialised service provided by the condurtor5 and the impact the conductors have had on the progression of the children and the development of their motor skllls. The dlrectors also took the opportunlty to dlscu5S With the Mlnlster the benefits of eady interventlon and to lobby him for fvndlng for earfy year5 provisiorn. In January 2025 the school was Inspected by the Educatlon Tralnlng Inspectorate and recelved another very posltlve report. It wa5 noted that "the stsff provlde a very speciali5ed and highly valued Serv[￿ for the puplls and thelr Fdmilies". The charity was very proud and honoured by the fact that Ildiko Veres, the principal of the Buddy Bear Trust Conductive Education School. was presented on 28 April 2025 at the Long Galleryi Parliament Buildings, Storrnont with the prestigious award of the Silver Cr055 of Merit of Hungary by Ambassador Ferenc Kumin on behèlf of the President of Hungary, Dr Tamas Sulyok. The dtatlon read: "To Ildlko Vere5, Condurtortreacher and Prlndpal of the Buddy Bear Trust Conductlve Educatlon School In Northem Ireland, In recognltlon for her devoted work In the fleld of high-quality education of children and adults with disabilities, l award the Sllver Cross of Merit (avll Divlsion)" Ildiko Veres came to Dungannon 30 years ago as a graduate of the Peto Institute In Budapest. Her commitment to thlldren wlth cerebral palsy has been admired by parents and their famllles throughout the Island of Ireland. Flnanclal Revlew Flnanclal Perforniaftce The charlty earned net Incoming resources of £81,888 in the year to 31 August 2025 (2024: Incomlng resour￿ of £65,295) and at the year end the total funds of the charlty amounted to £527,876 (2024: £445,988) comprising unrestrfcted funds of £308,774 (2024: £235,719), restrltted funds of £19, 102 {2024: É10,259) and a deslgnated reserve fund of £200,000 (2024: £200.000). Principal sourGe5 of funding and how this has supported the key objectives of the charitable company are disclosed in the notes to the financial statements. ReSen￿S Pollcv The Buddy Bear TNst has a lomial reserves pollcy and the tmstees believe there are sufflclent nds to meet the needs of the chatlty for the medium term. As the charlty Is heavlly reliant on donatlons and funding from publlc bodies, the board believe It Is Imperatlve to hold a significant level of reserves so that the charlty can continue to operate should there be any unexpected fall In Incomlng resources. Pg8¢4 Buddy Bear Trnst (Charltable Company Llmlted by Guarantee) DIRECTORS. REPORT for the year ended 31 August 2025 (Contlnued) Structure, Governance and Management Oryanlsatlonal Structure The charltable company Is a company limlted by guarantee, not having a share opital. The charftable company vlas established under a Memorandum of A55)3.621) (L1671 (L1671 (304.Tr1 I3￿,788) P04,9D31 {304.903) 115561 li￿56} 1306.459) 1306NS9) 61W8 66￿S1 IL556} 6S295 2J5.719 IVJ69 2W.000 380,693 S17 The above of Financial ActNibe5 indudts all infarmatton 4$ to be by the CLm)panles Art 2006. l of the actI￿tieS of the tharilable company are dassed as eohtththng. The Statement of RnarKial Athiue$ indudes all galns aThJ ]osses recog0￿￿ the year. The note5 on page5 12 to 21 form an integral part of ￿ fir￿Lia1 statements. Buddy Bear Trust (Charitable Company Limlted by Guarantee) STATEMENT OF FINANCIAL posrrxoN as at 31 August 2025 2025 2024 Non-current Assets Property, Plant and Equipment Current Asgets Recelvables Cash and cash equlvalents 42,441 473 559 516,000 422 783 422,783 Payables: Amounts falllng due wlthln In one year io Net currnnt assets 500 325 Net Asset$ li 527 876 445 988 REPRESENTED BY: Unrestrlcted funds Restrlcted funds Deslgnated funds Total Funds 12 12 12 308,774 19,102 200 000 527 876 235,719 10,269 200 000 445 988 The DIrecto￿, statements shown on the followln9 page form part of this Statement of Financlal P051tion. P4¢ 10 Buddy Bear Trust (Charltable Company Llmlt¢d by Guarantse) srATEMENT OF FINANCIAL POSITION as at 31 August 2025 {Contlnued) These financial Statements have been prepared in accordan￿ with the provisions appllcable to small companles reglme wlthln Part 15 of the Companles Art 2006. For the finandal year ended 31 August 2025 the company was entitled to exemptlon from audSt Under settlon 477 of the Companies Act 2006. The Directors confirm that the members have not required the company to obtain an audit of Its flnanclol ststements for the year In questlon In accordance ViTIth sectlon 476 of the Companles Act 2006. The Dlrectors acknowledge thelr responslbilities for ensuring that the charitable company keeps accounting records which comply with Sectlon 386. and for preparfng flnanclal statements whlch glve a true and fair view of the state of affalrs of the charftable company as at the end of the financial year and of its incoming or outgolng resources for the financial year in accordance with the requlrements of sections 394 and 395 and whlth otherwise comply wlth the reqU1￿ments of the Companles Act 2006 relatSng to flnanclal statements, so far a5 appllcable to the charftable company. The notes on pages 12 to 21 forni an Integral part of the finanaal statements. The flnanclal statements were approved and authorised for issue by the Board of Dlrettors on 2026 and slgned on thelr behalf by: Mr Brendan Mcconvllle Dirertors Mrs Phyl Is Agnew Company Registration Number: N1022996 Charlty Reglstratlon Number: 104137 Buddy Bear Trust (Charltable Company Umlted by Guarantee} NOTES TO THE FINANCIAL STATEMEiirs For the year ended 31 August 2025 I. GENERAL INFORMATION Buddy Bear TNst is a charitable company Ilmited by gua￿ntee incorporated in Northem Ireland. In the event of the charltable company belng wound up, the Ilablllty In ￿SpeCt of the guarantee Is Ilmlted to £1 per member of the charftable company. The address of the reglstered office is as shown on page l. The charltable company constltutes a public benefit enttty as deflned by FRS 102. The flnandal statements are stated in £ sterllng whlch is the functional currency of the chariL'able company. 2. ACCQUNTING POLICIES The followlng accountlng pollcles have been applled conslstently In deallng wlth Items whlch are considered materfal in relatlon to the djarftable company's financial statements. 2.1 Statement of Compliance The flnandal statements have been prepared In accordance wlth Accountlng and Reporting by Chadtes: Statement of Recommended prattl￿ (SORP) appllcable to charities preparlng thelr financlal statements in accordance wth the Finanaal Reportlng Standard appllcable in the UK and Republic of Ireland (FRS 102) effective l January 2019 (Second Edition), the Financial Reporting Standard appllcable In the United Kingdom and Republic of Ireland (FRS 102) and the Companies Act 2006. 2.2 Basls of Preparatlon The flnanclal staternents are prepared on a golng concern ba51s under the hlstorlcal cost convention unless otheNfise stated in the relevant accounting pollcy. Historical c05t is generdlly based on the fair value of the consideration given in exchange for asset5. 2.3 Cash Flow Statement The charitsble company has applled Update Bulletln 2 as published on P October 2018 (effertlve l January 2019) and does not Indude a cash flow statement on the grounds that it is applying FRS 102 Sertion IA. 2.4 Income and Endowments (l) Charltable Activities Income from charitable actlvltles Indudes income received under contratt or where entitlement to grant funding is subject to specific perfomance eondltlons. It Is recognised as earned as the related services or goods a￿ provided. Grant Income Is recognlsed In the Statement of Ftnanclal Actlvltles when re￿1Vable. Grant Income Included In this category provides funding to support projects and Is recognised where there is entTtlement. certainty of receipt and the amount can be measured with suffldent rellablllty. Page 12 Buddy Bear Trust {Charitsble Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMEPITS (Contlnued) For the year ended 31 August 2025 2. ACCOUNTING POLICIES (Continued) 2.4 Income and Endowments (Contlnued) (li) Donations and Legades Donatlons and Legacy Income Indudes Incomlng reSoUr￿S from glfts, donatlons and grants and Is recognlsed in full in the Ststement of Flnandal ActlvltSe5 when re￿1Vable. AttlvltSes for generotlng funds a￿ commercial artlvlues whlch are recognlsed as earned when the related good5 and service5 are provide¢l. 2.5 Expenditure Expendlture Is recognised when a Ilability Is Incurred. Contrartual arrdngements and performance related grants are recognlsed as goods and seNlces are supplied. Where costs cannot be directly attributed to a partlcular heading, they have been allocated to activltles on a basi5 consistent with use of resources. Staff w5ts and overhead expense5 are allocated to attlvities on the basls of staff ttme spent on those activitles. {1) Charltable Activities Thls comprlses all the resources applled by the charltable company In undertaldng Its work to meet Its charltable objettives. Charftable actfivlties wlll Include the costs of govemance arrangements which telate to the general runnlng of the charltable companv. 2.6 Fund Accountlng The charltable cornpany has three types of funds for whlth It Is responsible at the year end: Unrestricted Funds - Funds whlch are expendable at the discretlon of the Dirertors In furtherance of the objedlves of the charltable company. In addÉtion, fvnds may be held In order to finance capltal Investment and W0￿1ng capltal. Deslgnatsd Funds - Monles which has been set aslde to o)ver costs should there be a significant and unforeseen redurtion In funding. Restricted Funds - Monles receive(J for Specific purpose5. Such purposes are within the overall aims of the charity. Page 13 Buddy Bear Trust {Charitable Company Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year ended 31 August 2025 2. AccoufiTING POLICIES (Contlnued) 2.7 Prpp¢rty. Plant and Equlpment and Deprnciation Property, plant and equipment are initially reconled at cost. Cost includes the origlnal purchase prSce. costs directly attributable to brjnglng the asset to Its worl