REGISTERED COMPANY NUMBER: Nt659012 (Northern Ireland)
Report D(theTrnstxy lod
Ullaudlt¢d FIMnelftl Ststements
for the Yegr Knded 31 March 2025
for
Ag8ump¢ioD Schty)ITnLryt
m.B.McGr￿Y & Co
Suite 2B
CadoganHous¢
322 Lisbum Road
B¢lfast
Co. Antsim
BT9 6GH

Assumptlon School Trwt
Contents of the fi in4n¢ial Statements
for the YeAr Knded 31 March 2025
Page
Rwort of the Thistees
Independent Ki•mineVs Report
Statement of ￿nancIal Aetivlties
Balanee Sheet
Notss to the F*DAnci#l Statements
7 to 11

Assumption School Trust (Registered numbev: N1659012)
Report of theTrustees
for the Year Ended 31 March 2025
The trust¢¢s w&0 are also directorn of the charity for the p￿pOSeS of the Comyanics Act 2006, present their rep)rt with
the fU￿n¢1&1 statements of the charity for the year endd 31 March 2025, The trustees have adopted the provision8 of
Accounting and Reporting by Clwities: Ststement of Recommended Practice applicable to choriti¢s preparin8 their
aGWUDts in accordance with the Financi81 Reporting Standard applicable ti) the UK and Republic of Ireland (FRS 102)
(effe¢tivc l January 2019).
The trustees report and financial statements are also prepar¢d to meet the requirements for a director's report and
a￿ourtts for Companies Act pL￿)0$C5.
ORJfi cfivES AND AcfiviTIES
Objectlves and Aims
The ¢h8ritable objects for whicb the charity is establishd are the promotion and advancement of education through,.
o) Ulldertfiking the office of and acting as Trustee of Assumption Grammar School BallynahinGh and all land5 and
butldings vested in it
b) promoting and advancin8 tbe Catholtc ViAion of education and developtng th¢ ¢thos, philosophy atld values of the
Assumption traditiort in Assumption Grnmmar Scbry)l BallynabitL¢h.
Pltblic benefit
The tNste¢s have refrrred lo the giiidance Gontained iti the Charity Commission's general guid4a¢¢ on publi¢ benefit
when reviewing the charity'5 aims aud objectives 8nd in planning its futu￿ aL#ivities.
ACHtEVEMEvfs APID PERFORMANCE
Charltsble adivities and aehievements
The charity contittiied their wod( in the pmmotion alld advancemeot and supp)rt of Catholic education ITh the tradition of
the Missiutt8ry Sisters of the Assuinption Èn the Assumption Grammar School, Ballynabinth. tt sitpported the Board of
Governots of the School ti￿Oll8h0Ut the year to further these aims and objectives.
FINANCIAL REVIEW
Financilll position
Ov¢ryiew of the year
Income irid expenditLire
TO￿ incorning reSoUr￿S ID the periol ¢nded 31st l&AaTth 2025 was nil. Totsi incoming resouw¢s in the perKJd ellded
3 1st Mar¢li 2024 was nil.
Total r¢sourcas expellded in the period ended 31st March 2025 w&8 £1,565. Totsl resources expended in th¢ period
ended 31st Mprch 2024 was £1,165
Balance 51ieet
The balance sheet had net wets of ￿.046,096 un￿StriCted fimds amount to £46.096 und Endowment funds totall¢d
£3,000.000.
Reserves policy
The Board of Trustees has estsblished a policy Whe￿bY the Unrestrided FuThds not committed or illv&8ted in tangible
f￿¢d assets for charlty use Cthe free reserves) b¢ld by tbe Company SI￿ll1d b¢ between 3 and 6 months of the r¢sources
¢xpended. At this level, the Th￿¢5 f¢el that they wwld be able to continue the ￿rrent activities of the ohfjrity.
STRU￿RE GOVERNANCE AND MANAGE(￿ENr
Governing doeumellt
The chdrity is controlled by its governing documeDL t deed of trusL aDd co[￿l￿rt¢s a limitsl company. limitejj by
guaran¢e4 4$ defined by the Companies Act 2006.

knumptlon School Tn￿t Oiegistered number: N1659012)
Report of the Truste¢y
for th¢ Y¢pr Ended 31 2025
RucfuRE, GOVERNANCE AND MANAGEME
Trustee body
There atr ciirrently ¢ight trustw (who are also the directors of the company for the Purpose of Cotnpany law) who
overnee the activities of the charity. TTh￿1￿ give their time voluoknily and re¢eive no benefits from the Gharity.
Trustees woik within the cod¢ of conduct and good pra¢tÈce as set out by the CbaTities Commi55ion.
None of the tNstees has any bellefiGiai Interest its the chatity. All of the tr￿￿teeS are metnlxrs of the ¢harty and
giiaranlee to eontribut¢ £1 in the ￿ent of awinding UP.
Due b) th¢ nattire of the charitys work the tNslees sttk to eTrSu￿ that these needs are &pproprialely ￿flected through the
diversity of th¢ trustee bt)dy. To ¢nI￿nee the potential pool. tn]ste¢s ar¢ requested to provide a list of their skills (and
update il each year) and in th¢ event of particular skills ￿king or being lost due to retiremenL individuals aTe
approached to offer themselves for election.
IiEFKRENCE AND ADMINI￿TIvE DETAILS
Registered CDmpany number
N1659012 (Northern Ireland)
Reg18tered Charity numbe
108349
Registsred o(fi¢e
lo M B M¢Orady & Co
Rathmolt House
52 St Patricle% Avenuo
Downpatrick
Co. Dow
BT30 6DS
Trustees
Sister M Carvill¢
frs P ￿ Cèsement
Mrs S Crea
Miss C Fti¥atrick
J Fitrsimons
Mrs M Kelly
P Strain
M B T McGrady FCA
Independent Exainlner
M.BM¢G1￿Y & Co
Chartered AccountsLIts
SLilte 2B
Cadosan House
322 Lisburn iio
Belfast
Co. Antrim
BT9 6GH
COMMENCEMENT OF AcTIv￿lEs
The charity w8s incorporated from 13th February 2019 and commence41 its charitable a¢tivitie8 from that date.

Ajsumptlon 8¢hool Trust (Registered nutnbet: N1659Q12)
Report of the Truste
for the Year Knded31 M*rcb 2025
This report has been prepared in &ecordance with th¢ special provisions of Part 15 of tbe Companies Act 2006 relating
to small ¢ompanies,
Approved by order of the board of t[ustc￿ on 30 Derkmb¢r 2025 and siglled oo its behalf by:
PknLf
P Strain- Trustee

Independent Examiner's Report to the Trustee5 or
Assumption School Trust
I report on the accounts of the company for the year ended 31 March 2025, which are set out on pages I to I I
Respective responsibilities of charity trustees and examiner
As the charity trustees (and also the directors of the company for the purposes of company law) you are responsible for
the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having sat15fied
myself that the charity is not subject to audit under company law. and És eligible foi independent examination, it is my
responsibility to..
examine the accounts under section 65 of the Charities Act 2008
follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland
under section 65(9)(b) of the Charities Act 2008
- state whether particular matters have come to my attention.
Basis of independent examin&5 report
I have examined your charity accounts as required under section 65 of the Charities Act 2008 and my exan]ination was
carrted out in accordance with the general Directions given by the Charity Commission for Northern Ireland under
section 65(9)(b) of the Charities Act 2008. The examination included a review of the accounting records kept by the
charity and a comparison of the accounts presented with those records. It also included consideration of any unusual
items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.
My role is to state whether any material matters have corne to my attention giving me cause to believe:
l. That accounting records were not kept in accordance with section 386 of the Companies Act 2006
2. That the accounts do not accord with those accounting records
3. That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and
with the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing
their accounts in accordance with the FinancÉal Reporting Standard applicable in the UK and Republic of Ireland
4. That there is further infornialion needed for a proper understanding of the accounts to be reached.
tndependent examinerfs statement
I have completed my examination and have no con¢en)s in respect of the matters (l) to (4) listed above and, in
connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that
require drawing to your attention.
-JfU(thJrO4
Seamus McLernon FCA
M.B.McGrady & Co
Chartered Accountants
Suite 2B
Cadogan House
322 Lisburn Road
Belfast
Co. Antrim
BT9 6GH
30 December 2025

Assun)ption Sehool Thist
Statement of Fin4nclal ActiY&ti4y
for tbe Yellr Ended 31 M4Y¢h 2025
31rJr25
Totsl
ruads
31f3r£4
Total
ruftds
Unrestri¢ted EndowmeDt
rund
fund
No¢e¥
EXPENDITURE ON
Chgritable actlvities
Charitable
lJ65
1&65
1,165
NET INCOMEI(EXPENDYTURE)
(1,565)
{lJ63)
(1,165)
RECONCILIATION OF FiiNDS
Total fitnds bft)ught forwanl
47,661
3.IKIO,000
3,047,661
3,048,826
TOTAL FUNDS CARRIED FORWARD
46,096
3,000,0110
3.046,096
3,047.661
The notes fornj part of these fmanciai statem¢nts

AJsumpth>n SchoolTrwt {Regi5teYed number: N1659012)
Blll#net Sheet
31 March 21J25
3113n5
Total
funds
31rJ124
Total
funds
Unrestricted Endowment
fund
fund
Notes
FIXKD ASSETS
Tm8ible assets
3,000,t)00
3000,000
3,000,000
CURRENf ASSErs
Cash at bank
47,104
47,104
48,669
CREDITORS
Amounts fatling dur within on¢ year
(1,008)
IL008)
(1,008)
NET CURREI4T ASSETS
4A096
4@096
47,661
TOTAL A&SETS LESS CURRENr
3.001)OQO
1046,096
3,1147,661
NET ASSETS
46,096
30OQOOO
3,046,096
3,047,661
FUNDS
Uhrestricted fvnds
Endowinenl funds
46,096
3,000,ootJ
47,661
3,000,000
TOTAL FUNDS
3,046,096
3,047,661
Ilie charitable company is entitl¢d ts) exemption from audit under Section 477 of the Companies Act 2006 for the year
ended 31 March 2025.
The fftembers h&v¢ not required tbe company to obtain an audtt of its fin8uciaL stat¢ments for the Ye￿ ended
3L March 2025 in acwrdance with Section 476 of th¢ Compani£8 A(* 2006.
The truste￿ ackTh)wledge their r¢5ponsibilities for
(a)
ensuring that th¢ ¢harit&ble company keeps accounting re￿rdS that comply with s￿tions 386 and 3¥1 of the
Companies Act 2006 and
prep8ring t"m8nGi81 statements whi¢h give a tru¢ and fair view of the st*¢ of affairs of the tharitable company as
at the end of ea¢b financial year and of its Surplus or deficit for each finallLial y¢ar ill accordance with the
reqiiu'emenls of Sections 394 and 395 and which otherwis¢ comply with the wuirements of the Companies Act
2006 relating to financial stat¢ment4 so far as applicable to the charitable compally.
These fin￿￿1￿[ statements have b¢en prwared accordance with the provistons Appli￿ble to clwilable companies
subject to the smoll compaiiies regitn¢.
The finallcial statements w¢re approved by th¢ Board of Trnstees and authoris¢d for issiie on 30 DecendKr 202S and
wer¢ signed on its behalf by.,
(b)
P Sttain- TnL4tee
Th¢ Thotes forni part of tlK8e finan¢i41 statements

A88umption School Trust
Note8 to the FinAnclAI Ststements
for the Yewr Ended 31 Mfirch 2025
ACCOULYTING POLIC]ES
Basis of prepjrlng the illlAn¢ial statements
The fjnancial slatemellts of the Charitable companytr which is & public benefit ¢ntity under FRS I02, hav¢ bee
prepared irt a¢cordance with the Charitiu SORP (FRS 102) 'AcrA)unting and Reporting by Cbarities.. Statement
of Recommended Prgdice applicable to charities prepgring their acwunts in accordllllce wtth the Financial
Reporting Stsrtdard applicable in the UK and R¢pLiblic of ItrlaThd (FRS 102) (effective L Janiiary 2019),.
Financial Reporting St￿]dard 102 The Fingn¢ial Reporting StandaTd applicable in tELe UK 8nd Republic of
Ireland, and th¢ Companie5 Act 21)06. The fill81￿181 stal¢m¢nts have been prepared under the historical cost
¢onvention.
Expendlture
Liabilities are re￿￿18ed &$ expendityre as soon as there 18 a legal or constnKtive obligation rommittiiig the
charity lo ihat expenditute, it is probabl¢ that a Iransf¢r of economic benefiL8 will b¢ required in settlement and
the amount of the obligation call b¢ m¢asur¢d Teliably. Expenditure 15 accounted for OTh an accNal8 basis and h
been classified under headings that a￿ate all cost relited to the category. Wliere costs cattnot be directly
attributed to particular headittgs they have b¢en allocated to &¢tivities on a basis wnsi9tent with the use of
resources.
Tangible fixed Assets
The assets held al year end relate to the land at Assumption Grammar School Ballynahinch and are llot
depreciated.
TRXlltion
The Charity 18 exempt frorrt corporntion tax on its clwitable activitles.
Fund A¢coimtlng
UtLrestricted funds ¢an b¢ used in accordallce with the charitabl¢ objectives at the discretion of the trustees.
R¢stri¢t¢d funds Can only be used for parti¢ular Testridd purpos¢s within the objects of the tharity. Restrictions
aris¢ vtheii specified by the donoror when fjjnds 4r¢ rai8ed for particular r¢stri¢t¢d purposes.
Further explanation of the I￿thre and PUTpose of ￿ch fund is included in the t￿te& to th¢ firtancial st&temeDt&
CHAR]TABLE ACTIvfTIES COSTS
Direct
Support
¢08ts
Toth18
ChAritabl¢
1,037
528
lJ65
tinued...

Assumption Sehool Trust
Notes to the FinAnciRI Statements- rolltlnued
for the Year Ended 31 Mareh 2025
NKT INCOhfEJ(EXP£NDITURK)
Net incomel{¢xpenditure) is stated after ¢hwgingl(crediling):
3113125
3113124
0111¢1' 8ssvrnnce seTvices
528
528
TRU¥fERS' REMUNERATION AND BENEFITS
There were iio trustees, l￿D￿neration or otljer benefits for the year ended 31 March 2025 tlor for the year ended
3L March 2024.
Trusteaq, txpenses
There w¢re no trust¢es' expenses paid for the y¢ar ended 31 Match 2025 uor for the y¢ar ended 31 March 2024.
COMPARATIVES FOR THE STATEMENf OF FTNANCIAL ACrI￿rIEs
Unrestricted Endowment
fund
fund
Tothl
EXPENDITURE ON
Charitnble R¢tivities
Charitable
1,165
1,165
IYET INcOMEJ(ExPKND￿URK)
(1,165)
{I,165)
RECONCILIATION OF FUNDS
Total fiinds brougl]t forward
48,826
3,000,000
3,048,826
TOTAL FUNDS CARRIED FORWARD
47,661
3.000,000
3,047,661
TANGTBLE FIXED A&SETS
Freehold
property
cosr
At l April 2024 and 31 Ma￿h 2025
3,000,000
NKT BOOK VALUE
Ai 31 March 2025
3,000,000
At 31 March 2024
3,000,000
Ittcluded in wst or valuation of land and P￿IldIngS is freehold land of £3.000.000 (2024 - £3,(N)O,000) wbi¢h is
llot depreciated.
contiiiued..,

Assumption &hix)l Trust
Notes to the Financial Ststements- continued
ror the Year Ended 31 March 2025
CREDrroRS: AMOUNfs FALUNG DUE WITHIN ONE YKAR
3113n5
31rJ124
Awruals and deferred incottte
1,008
1,008
MOVEMEiYf IN FUNDS
Net
movemeTht
In funds
At
3113125
At 114124
UnYL8trieted funds
General fijnd
47,661
(1,565)
46,096
Lndoivment fund8
Endowment fund
3,0￿1)00
3,QOO,000
TOTAL FUNDS
3,IH7,661
{1,565)
3,IM6,096
Net movement in funds, included in the above are as follows:
ieoming
resour
Resollrce8
expended
Movement
In fund8
Unrestrirted fundg
Gen¢ral fimd
(1,565}
(1,565)
TOTAL FUNDS
(1.56S)
(1,565)
Coinpirjtives for Jnovement in funds
Net
movement
in funds
At
3113124
At 114r43
Unre8tActed funds
General tund
48,826
(1,165)
47,661
Endow]nent ￿lld5
Endowmeth Ibnd
3,01)0,OOQ
3,000,000
TOTAL FUNDS
3,048.826
(1,165)
3,047,661
¢ontinu¢d,.,

knumptioll Sthool TruJt
Note3 to the Financial StnÉements- £(mtinued
lor the Yeai Ended 31 Mawfk 2025
MOVEMENT IN FUNDS- contiftued
Comparative net moyement in funds, incliided in the above are as follows:
Resources
expended
Movement
In funds
re¥ources
Unrestricted Th￿d
General fijnd
(L,165)
(1,165)
TOTAL FUNDS
(1,165)
(1,165)
A current year 12 months and prior year 12 months combined pl￿ltiOn is as follows:
Nrt
movement
Tn fund8
At
3113n5
At 114123
Unrestricted funds
G￿eral ￿nd
48.826
(2,730)
46,096
Endowment fi￿d3
Endowment fund
3,000,000
3,000.000
TOTAL FUNDS
3,048.826
(2,730)
3,046,096
A ¢iittent year 12 months and priix year 12 months Combiued net movement in funds, included in the above ar¢
as follows:
Incolning
resources
Reyource%
expended
Movement
in funds
Unrestrlcted funds
General ftjnd
(2,730)
(1730)
TOTAL FUNDS
(2,730)
(2,730)
io
ontiniied...

knumptlon School Trust
Notes to the Financial St&*¢meDts- continued
for the Year Ended 31 March 2025
RELATED PARTY DISCLOSURES
Th¢ir were no related party tran8actions for the y¢ar ended 31 March 2(r25.
li