Company R¢glstratlon Number: N1665237 Boomhall Trust Financial Statements and Trustees. Report for the year 8nded 31 Octob8r 2025
Boomhall Trust Company Ilmlted by guarantee Cont•nts Legal and AdmiDlStrative Informatlon TNstees Report Independent Examineffs Report statemtt of Flnand81 Actlvities for the year ended 31 Octoter 2025 Balanc* Sheet a8 at 31 October 2025 Nots$ to the AGctyJnts 10-15
Boomhall Trust Company Ilmiied by guarantee Legal and Administrativg Information Status . The organlsation is a charitable company Ilmlted by guarantee, incorporated on 21 October 2019 and 18 rectsJnised as a charrty by the Northern Ireland Charbty Commission and HM RevenuÈ & Customs. The goveming document is a Memorandum and Articles of Agsociation. Dlrectors ". James Sammon (Chairperson) Matthew Foster Karen Latimer B8rtholomew O'Donnell Desmond Reid (corary Treasurer) Pauline Ross James Simpson Primrosg Wilson Cormac McKeone Patrick Cr8gg Accountsnts . Fergus McAt8er & Co Chartered Accountants 31133 Clarendon Street Dery BT48 7ER Main Bankers . Danske Bank Donegall Square West Belfast Reglstsrnd offl . 35 Clarendon Street De BT48 7ER HMRC Charfty Referencé Number: ZD07255 Company Numb•r: N1665237 Charlty Commlsslon for Northern Ireland Numbèr: NIC 107978 Page 1
Boomhall Trust Trustees. Annual Report for the year ended 31 0Gtor 2025 Report of the trnstses for the year ended 31 October 2025 The directors are pleased to present their annual report together the financial statements of the Charity for the year ended 31 October 2025 which are also prepared to meet the requirements for a Dlreclors, report and 8Gcounts for Companies Act purposes. The financial statements comply with the Charities Act INI) 2008, th8 Charities IAc¢ounts and Repts) R8gulalons INI) 2015, Companies Act 2006, thB Mgmorandum and Articles of Association. and Accounting and ReF)ordng by Charities: Statement of Recommended Practise applic8bEe to charities prepwing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republlc of Ireland (FRS1021 leffectlve 1 January 2019.1 Dlrn¢tors and trustees The directors of the charitable company Ith8 charity) are the trustees for purposes of charlty law. The trustees durfng the year and at 31 October 2025 were a8 follows.. James S8rnmon (Chairperson) Marie Donaghy (Resigned 101011261 Mathew Foster Karen Latimer 8artholomew O'Donnell Com)ac McKeone Desmond Reld (Honorary Treasurer) Paullne Ross Alistair Rowan(Resigned 10101126) James Simpson Primr05e Wilson Patrlck Cregg Chai¥ r•port am delighled to pr8senl th8 ChaiVs report at our sixth AGM. 1am pleased vAth the signfficant developments during the past year. Our purposes and actlvltles The Gompanls objects are specifically restrlcted to Ihe followng: (a) to restore, preserve, conserve and maintain the built and natural envlronment of the Boomh811 Estate and it8 surrounding landscapes to inlemationally recognised stsndards of conservatlon. By protecting th8 historical, environmental, cultural. archaeological and aesthedc signific8nce of the place,. the charity intends to make its heritag8 accessible for the use. enjoyment. wellbeing, education and inspiration of wesent and future generations., (bl to advance arts. culture arxj heritage by organising activities and events at the Boomhall Estate and to educate the public conceming the historfc and cultural heritage of the Estale, the archaedogical and environmental signrficance of its buildings and landscapes 8nd the conservatlon of bult and natur81 environments generally; 1¢) to provSde, or assist in the provision of facilities wthin the Boomhall Estats and its surroundings for recreallon and other lelsure time occupation. in a manner in keeping wth the aim of conserving the EsL2te and Its surroundlngs commen$urat8 with (al above. in the interests of social welfare, wth the objects of improving the conditions of life of local communiles and the public al18rge. Page 2
BCMhall Trust Tmstees. Annual Report forthè year gnded 31 October 2025 Achlevements and performance 1. P0Sve discussions are taking place wth NLHF and the Shared Island Fund regarding funding applications, following a successful Expression of Interest. 2. Communty and political support for our propjsals is strengthening. 3. A planning delerminalion could be expected in summer 2026 for our oudine planning appllcation for the restoration of the mansion house, subject to Completion of reports requested by statutory consutl8e8. 4. Disrjjsstons around fomi8llslng the govem8ncè tsf our relatlonship wth the local Council continue and are expected lo be completed in advance of funding applications to NLHF and the Shared Island Fund. Local Council have indic8ted that a letter of comfort 11 is$ue in supp)rt of the NLHF funding application. Flnanclal revlew During the year income of £23,431 was recelved (31 October 2024 £20,344} and costs of £14,408 were incurred (31 October 2024 £24,792) to leave a net Income of £9,023 (31 OCtor 2024 defiut £4,448). The reserves at the end of the year were £7,248 (31 October 2024 deficit £1.7751 of %thich £6,705 is unrestricted and £542 is restricted. Reserves pollcy and golng concern Reserves are needed to brfdge the gap beert the spending and receiving of Income and to cover unplanned emergency costs. Due lo the nature of Charity. no actlwties are started or costs incurred untll funds are Secured from members. The Trust8es consider that only nominal reserves are necessary to meet future costs. Plan8 for future perlods Trustee8 (x)ntinue to build relationshlps wth local community groups, potential partners and funders in preparauon for the 8mbitious plans in the coming years. stateme of trust8•$ r•sponsibiliti83 The charity tru$tegs (who are also the directors of the Boomhall Trust for the purposes of company law) arg responsible for preparing a trustees. annual report and financi81 statements in accordance with appli¢abl& law and Unrted Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practs'cel. Company18w requires the trustees to prepare financial slatem8nts for each ffinancral year which giv8 a true and fair view of the stats of affairs of the charitable company and of the profit or108s of the company for that year. In preparfng these the trustees are required to.. - s&lect suitsble accounting polici8s and apply them consistently: make judgements that are reasonable and prudent. - observe th8 method$ and prineS in the Charitie8 SORP., - stste whether appllcable UK Accounting Standards have been followed, sublect to any material departures disclosed and explained in the financial stat8ments- rrfgpare the financial statements on the going concern basis unless r( 18 inappropriate to presume that the organlsation will contlnue in buslne5$. Pago 3
Boomhall Trust Trustees. Annual Report for the year ended 31 October 2025 The trustees are responsible for keeping proper accounting records which dlsclose wth reasonable accuracy at any Ume the financial posthon of the comp8ny and to enable them to ensure that the finanoal ststements compty vAth the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for tsking reason£ble steps forthe preventlon and detection of fraud and other irregularities. Small company provlslons This report has been prepared in accord8noe th8 provisions applicable to comp8nie8 enti118d to the sm811 companies exemption. These fin8nGl¥l ststements were approved and 8Uthorised for issue on 2 March 2026 and signed on bahalf of the board by.. Desmond Reld (Honorary Treasurer) Dlrector Page 4
Boomhall Trnst Company Ilmlted by guarantse Independent Examlner's Report to the Charlty Trustees of Boomhall Tru81 Year ended 31 th1ober 2025 We reFh)rt solely to the charf(y trustees on our examination of the accounts for the period ended 31 Octsber 2025. To the fullest extent pemiitted by law, we do not accept or assume responsibility to anyon8 Oth8r than Boomh811 Trust and its twstees as a body for our work or for this report. As a practising member firm of Chartered Accountants Ireland, we are sublecl to its ethical and other professional r8qulr8m8nts lch are detslled at WWW.drteredaCC0Untants.1e. Rg$wctlve responslbilities of charity trustees and examlner As the charity Irustees land also the directors of the company for the purposes of company law) you are responsible for Ihe preparatic of the accounts in accordance wth the requirements of the Companies A 2006 and the Charities Act (Nothem Ireland) 2008. Having satisfled ourselves that the charty is not subject to an audit under company law, and is eligible for independent examination. it is our responsibility to.. - examine the accounts under section 65 of the Chariknes Act. - follow the procedures laid down in general Dlredons glven by the Charity Commisslon for Nortiem Ireland under section 65{9)Ibl of the Charities ACL - state whether particular matters have come to our attention. 8asl• of Ind•p•ndent examinerfs report We have examlned your chadty attounts as required under secllon 65 of the Charities Act and our examination was rrIed in accordance wth the general Diraclions given by the Charity Commlssion for Northem Ireland under section 6519)(bl of the Charities Act. The examinatM included a re8W of the accounUng records kept by the charity and a comparison of the accounts presented with thos8 records. It also included consideration of any unusual items or disclosures in the accounls. and seeking explanations from you as tharity Irustees concerning any such Matters. Our role 1810 state whether any material m8tters have come to our attention giving us concern to belleve: 1. that a¢¢ounling records were not kept 8s required by section 386 of the Companies Act 2Crt)6 and sedon 63 of the Charities Act., 2. that Ihe a¢¢ounts do nol accord th those accounting records,. 3. Ihat the accounts do not Gomply syith the accounting requirements of sectlon 396 of the Companies Act 2006, the Charities Act and wth methods and principles of the Charities Statement of Recommended Practise applicable to charitlas preparing their accounts in accordance with the Financial Reporting Standard appIable in the UK and Republic Of Ireland. 4. that there is further 1rrf0rman needed for a proper understsnding of Ihe accounts to be reached. Page 5
Boomhall Trnst Company limited by guarantae Independent Examlner's Report to tha Charlty Trustsos of Boomhall Trust Year ended 31 October 2025 Indendent Examln*s Statement We have completed our examlnation and have no concems in respect of the matters11) to14) above and. in connection followng the Directions of the Charity Commisslon for Northem Ireland, we hava found no matters th81 r8qulre drawing io your attention. F•rgus McAts•r & Chartered Accountants 31133 Clarendon Street Derry BT48 7ER CHAR TERED 0 2 MAR 20Z8 ACCOUNTApirs 2 March 2026 Page 6
Boomhall Trnst Company Ilmtted by guaranteè Statement of Flnan¢lal Actlvttles Ilncluding Income and expendfture aG¢ount) for the yèar onded 31 Octobèr 2025 Unrestrkled Restrictsd Funds Funds Totals 2025 Totals 2024 Notes InGome and endowments Donations & legacies InGome from chadtsble activities 12,500 194 12,500 10,931 10.737 20,344 Totsl In¢omo 12.694 10,737 23,431 20.344 Exp•ndlture Ch8ritabie activities 3,981 10.427 14,408 24,792 Total expendlture 3,981 10.427 14,408 24,792 Nét {deflclty Income 8.713 310 9,023 {4.4481 Nét movement In funds 8,713 310 9,023 {4.4481 Reconclllatlon of funds Total fvnds brought forward at 1 November 2024 (2.008) 233 (1,7751 2,673 Totsl funds carried forward at 31 Octci)er 2025 6,705 7.248 11.775) The statement of financÈal activibes includes all gains and losses recognlsed in the ar. Al income and expenditure deve from continuing actiMtie$ Pagg 7
Boomhall Trust Company Ilmlted by guarantee Balanc• Sht as at 31 OGtober 2025 Unr•strlcted Restricted Funds Funds Totals 2025 Totals 2024 Notss rrent Assets Deblors Cash at bank and in hand Total curront assets 5.433 5.467 10,900 5.433 7,165 12,598 14,117 1,193 15,310 1,698 1.698 Cr•dltors: amounts falling due wlthln ono year 10 {4.195) {1.155) {5,350) 115,967) Nel ¢urr•nt ass•ts 6,705 543 7,248 {657) T¢)tal a•*6ts lass current Ilabllltles 6,705 543 7,248 {657) Credftors: amounts falllng du• after one year 11 11.118) Net assets 6,705 7.248 11.7751 The Funds of the Chart Restricted funds Unrestricted funds 543 543 6.705 233 (2.008) 6,705 Funds 12 6,705 543 7.248 11.775) For the year ending 31 October 2025 the company was enliled to exemption from audit under section 477 of the Companies Act 2006 re18ting lo small companies. Directors responsibilrties- - The m8mbers have not required the company to obtain an audit of its financial statements for the year in question in accordance section 476., The directors acknowledge their responsibilities for complying with the requiremenls of tho Act re8PeCt to accounting record8 and the preparatlon of financlal statements. These fin8ncTal ststements have been prepared In accordance with the provisions applrcable to companies sublect to the small companies, regime and in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland,. Pag• 8
Boomhall Trust Company Ilrnlted by guarantee The88 finand81 st8tsm8nts were 8pproved by the b08rd of dlredors and authosed for issue on 2 March 2026, and are s4gned on behaw of the board by. DMOnd Reld (Honorary Treasurèr) Dlroctor Company Reg18tratlon Number: N1665237 Pag• 9
Boomhall Trust Company Ilmltad by guarantse Notes to the flnanclal ststements Year ended 31 October 2025 General Infonnatlon The charity 15 a public benefit entity and a private company limited by guarantee, reglstered In Northern IrelarKI and a giStered charity in Northern Ireland. The address of the r8glstered office is 35 Clarendon Stre81. Dery, BT48 7ER. Accountlng poliGies Ba81s of preparntlon and Statom•nt of MplI0nce The financlal statemenls have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Reeommended Practice applicable to charities preparing their accounts in ac£ordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective 1 January 2Q19) - (Charities SORP {FRS 102)). th8 Financial Reporting Standard appllcable Sn the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Bwmhall Tnjst meels the definition of a public benefrt entily under FRS 102. Assets and liabilities are Initlally rewnised at histcfical cost or transaction value unless otherwise stated in tho relevant a¢xounting policy notels). The financial slatements are prepared in sterling, which is the functional currency of the entlty. Going concern There are no material uncertaintie8 about the charlvs abilty to ntinUe. Income Turnover represents the total value of grants recewed and re1Vable as well as other income arising from donations during the year. Grants are recognised in the Profil and Loss account when the conditions for their receipt have been complied and there is reasonable assuranc8 that tho grant will be received. Government and other grants Income from government and other grants. ether 'capital' grants or 'revenue' grants, 18 r8cognlsed when the charity hos entrfement to the funds, any performance conditions attachod to the grants have been met, it is probabfe that the inc<)me will be received and the amount can be me8sured rellabiy and is not deferred Expendlturn Expenditure is rgcognised on an accruals basis as a liabllty ig incurred. Expenditure includ85 any VAT rch cannot be fully recovered, and is cla8sffjied under headings of the statement of financial actItIeS to which f( relates.. - expenditure on charttable activities includes 811 costs incurred by a charity in undertaklng actiwties that further its charitable aims for the benefrt of ils beneficiaries, including those support costs and costs rel8ting to the govemance of the Charity apportioned to charitable activities. I C*)sts are allocated to expenditure categories reflecting the use of the res(KJrc8. DiT8Ct costs attributable lo a single activity are allocat8d dlr8ctly to that activlty- Shared costs are apportioned beeen the activities they contrlbule to on 2 reasonable, Justifble and consistsnt basis. Page 10
Boomhall Trust Company Ilmlted by guarantee Notss to the flnanclal statements {contlnued) Year ended 31 October 2025 Taxatlon During thè current year the company has only been involved in charitable actiwtieg in fvJrth&rAnc8 CA bts charitable objects and is not liable to Income Tax or Corporation Tax. Financlal Instrumerrts A financial asset or a finanal liability is re&)gnised only when the company becomes a paty to the contractual provisions of th8 instrument. Basic finanoal instruments are initially recognised at the transaction pric8, unless the arrangement ConstuteS a financing transaction, where it is recognised at the present value of the future payments discountsd at a market rate of interest for a slmilar debt inslrumenl. Llmltsd by guaranl•a Boomhall Trust is a registered charity limited by guarante& without a share capital. Charfty Commission of Nl Numb8r. NIC 107978 HMRC Charity Reference Number.. ZD07255 Funds Unre$triGted Revenue Funds- comprise those revenue funds whlch the trustees are fr88 Io u88 In accordance th the company objectives. R8Stricted Revenue FurKIs- comprise th09e revenue fund$ which have been glven for particular purposes and projects. Unrestricted C8Pital Funds- compri59 those net assets %thich the trust is able to 8pply freely in pursuit of its own charitable objectives and related purposes. Restricted Capital Funds - comprise those net assets which at th? ond of the accounvng period have specific grant and other condltions restricling either their use or their disposability for defined pwiods. Page 11
Boomhall Trust Company Ilmlted by guaranteo Notes to the flnanclal statements Icontlnued) Year ended 31 Octob&r 2025 S. Income Unreslrfcted Reslrlcted Funds Funds Total 2D25 Total 2024 Donallons and legacle8 Donallons 12.500 12.500 Tolal 12.5 12,500 In¢om• from charltable actlvltle8 The Archfte¢tural Heritage Fund 837 9,900 837 9.900 194 10,931 20.219 Olher income Total 125 194 10,737 6. Expendltur• Un4estrlctsd Rastricted Funds Funds Total 2025 Total 2024 endlture on charltable activltlos Support costs Room hire Acciwntancyfees Bank charges Bank Interést paid Consultancy fee8 Total 125 600 133 71 3,052 3,981 125 50 620 117 20 24.025 24.792 133 71 13,479 14,408 10,427 10.427 Independent examlners remuneratlon 2025 2024 Fees payatde for the independent examlnatlon of the financi81 statements 600 620 Staff Costs The average number of persons employed by the ThpanY during the year amounted to Nil12024.' Nill. There wpre no person8 employed by the tharity durlng th& period. No remuneratlon was paid and no expenses were reimbursed to the trustees during the period. The trustees are th8 key management personnel of the entity. Page 12
Boomhall Tvusl Company Ilmlted by guarantse Notss to the flnanclal statements (tontlnued) Year endod 31 October 2025 1)obtor8 2025 2024 Trade debtors Other debtors 5,038 395 12,888 1.229 5.433 14.117 10. Cr•dltorn: amourrt8 falllng due wlthln one yaar 2025 2024 8ank loans and overdrafts Trade creditors Accruals and deferred income other creditors 1.195 1,800 600 1,755 2.128 11.580 600 1.659 5,350 15,967 11. Cr8dftors: amounts falllng due after more than one year 2025 2024 Bank knans and overdrafts 1,118 Pag¢ 13
Boomhall Trnst Company Ilmlted by guarnntee Notes to the flnanclal statements (contlnued) Yoar ended 31 October 2025 12. Anatysls of ¢harltoble funds Anatysls of movements in unrestricted funds Balance at IncomingResourc88 Funds at 1st Nov .23 Resources Expended Transfers 31st Oct'25 General Fun 12,0081 12,694 (3.981) 6,705 12,0081 12,694 {3,981) 6,705 Name of reslrlcted fund General Fund Descrlptlon of the Fund Funds which the Trust is able to apply freety in pursult of Its own charitable oblectives and related purposes. Analy81s of movements In restrleted funds Balance at IncomlngResources 1st Nov'23 Resources Expend8d Transfers Funds at 31st Oct'25 Rostrlcted Fund 233 10,737 110,4271 543 233 10,737 110,4271 543 Namo of restricted fund Restricted Fund Descrlptlon ol the Fund Funds which the Trust applies for partlcular purposes and projects in pursuit of its chaiitable objectives Anatysls of net assets between funds General Restrlcted Fund Fund 5,467 1,698 5.433 14.1951 (1,1551 Tolal 7,165 5,433 15,350) Cash at bank and in hand Other current assels Current liabilities Long temi liabilitses Totsl 6,705 543 7,248 Pago 14
Boomhall Trust Company limlied by guarantee Notes to the flnanclal #Lements (contlnued) Year onded 31 Octor 2025 13. R•lat•d party transactlons During Ihe y8ar the company entsred Into the following transactlon8 relatsd parties: Tran88don value 2025 2024 Trustses (Loan) Trustees (Donations) 10.000 Pago15