Skilled Nl STATEMENT OF FINANCIAL ACTIVITIES for the financAal year ended 31 Marth 2026 Unrestricted Restrtcttd Funds Funds 2026 2026 Totsl Unrestricted Restricted Funds Funds Fvnd5 2026 21Y25 2025 Total Funds 2025 Income Charitable aCtiv￿e$ Investments 4.1 1.330.191 42 36,899 30.613 1.360.804 1.C69.685 36,899 35.227 132.049 1.201,734 35,227 Total income 1.367,090 30.613 1,397,703 1.104,912 132,049 1,236,961 EXperKlI￿re Raising funds Charttable activities 8.503 6.2 1,154.963 8,503 71.403 1.226,366 5.224 915,894 2.637 7.861 111.898 1,027,792 Totsl Expenditurg 1.163,466 71.403 1.234,869 921.118 114,535 1,035,653 Net gainsllb55es) on investments 111.88B 111.888 6.398 6.398 Not ine¢)mÈl{expenditurel 315.512 140,7901 274.722 19).192 17.514 207,7C6 Transfers bahveen funds 17.0251 7,025 Net movemènt in funds for the financial year 308.487 133.7651 274.722 19J.192 17,514 207.7 Reconciliation of funds: Total frjnds beginning of the year 21 1.611.088 33.765 1.6440S3 1.420.8 16,251 1.437.147 Totsl funds at the end of the yèar 1.919.576 1.919,$75 1,611.088 33.765 1.644,853 The Statement ol Financial ActiV￿eS irKludes all gains aThJ knsses re¢r•3nised in the finarrial year. All income and eKpendilure relate to continuing activitu. The notes on pages 17 to 24 lrym part ofthe finanual statemerts 14 Skilled Nl BALANCE SHEET as at 31 Marc*) 2026 2026 2025 Fixed Assets Tangible assets Inve51rnents 14 1S 33,583 1,471.895 11.514 1,332.309 1.505A78 1,343,823 Cuffent Assets Debtors Cash al bank and in hand 16 17 64,023 374,517 94.501 228,848 438.$40 323,349 Crèditots: Amounts falllng due wlthln one year 18 124.443) {22,3191 Net Current Assets 414,097 301,030 Total Assèts less Current LiabSlltl8s 1,919,S75 1.644,853 Funds Restricted iTUSt funds General fvnd {unreslrictedl.' Called up share caprtal Other unrestricied income furKts 33.765 10 1.919,565 10 1.611.078 Total funds 21 1.919.57S 1.644.853 Approved by the Board ol Tnts1￿ and authorlsed for issue on 30 June 2026 and slgned On Its bphalf by P Donaghy Trustee G M¢Allistef TNsts¢ Th8 notes on p*3es 17 to 24 frjtm oftt* finanrial statern8nts 15 Skilled Nl STATEMENT OF CASH FLOWS for the financial year ended 31 March 2026 2026 2025 Notes Cash flows from op•rating activitie5 Nel movement in funds Adjuslrnen15 for= Amount written back on investrnents Dep￿ciatIon Interest receNable and simikr incune 238,521 172,742 1111,8881 11,557 16981 16,3981 4,361 12631 137.492 170,442 Movements in working captial.. Movernenl in debtors Movement in creditors 30.912 2.124 148.9701 4.814 Cash genèrated froffl operalions 170.528 126.286 Cash fl¢)ws from investtng actlvltles Interest received Payments to acquire tangible assets Payments to acquire investments Receipts from sales of investrwts 36,464 {33,62SI 1377.0801 349,382 12,2191 1362,7591 355,656 Net cash used in investment aclMtie5 124.8591 5,642 Net increase In cash and ¢a$h equivalerts Cash and cash equlvalents at the beginning of the year 145,669 228.848 131,928 96,920 Ca$h and cash equlvalgnts at thtr end of the year 17 374.517 228,848 16 Skilled Nl NOTES TO THE FINANCIAL STATEMENTS for the finanual year ended 31 March 2026 GENERAL INFORMATION Skillwj Nl a public benefft entity and a wistered sxaety limited by shares, registered in Northem Ireland with FCA Mututals Register and a regisleted ¢haiity in Northem Ireland. The registered office of the charity is 98- 102 Donegall Street, Beff3sL BT12GWwlNth is a150 the prinapal ￿ace ol business oflhe charrty. The fInar￿la1 statÈmen15 have been ￿sented in PourKJ I£} which 15 also the fvncth)nal currency of the charty. SUMMARY OF SIGNIFICANT AccouKnNG POUCIES The followtng accounting P)l￿eS have been consistentty in dealing Mth items ￿lch a￿ considered rnaterial in relation to the thari￿S finawal statements. Basis of preparation The financial statements have been prepared under the historical oJ51 convention. modified to include certain items at fair value. The financial statements have been prepared in accordance with the Statement ol Recommended Prac11￿ (SORP) 'Accounting and Repoiting by Charities preparing their accounts in accoTd3ncè with the Financial Reporting Standard applicab￿ in the UK and Rewblic of IreLand FRS 102.. Statement ol compllan¢e The finawal statemen15 of charity for Ihe finar￿431 year ended 31 March 2026 have been prepared on the going concem basis and in accordance with the Statement of Recommended Prath"ce ISORPI"Accounting and Reporting by Charibes rKepating1heii in ￿1rd￿￿ wilh Finan(xal Reporb"ftg Standard applicable in the UK and Republic of Ireland FRS 102", and the Cfyopefative and Communty Beftefil Societies Act (Northem Ireland) 1*9. Fund accounting The following are the catsgcrfies of fLwJds mwntsined: Restrl¢tsd funds Restricted funds represent income receNed which can onty be used for wticular purposes. as SFocified by the donors. Such wrposes awe wiihin the overall ￿l￿t￿eS ofthe chanty. Unrestricted funds Unrestricted funds consist of General and Designated fimd5. . General fiJThls represent an￿Unts whK* are expendable at the disLYeb"on of the board, in lurtherance of the objectives of the chaity- Designated funds comprise unrestr]"¢te(I funds that the board has. at its disuetion. sel aside for particular purposes. These design*y)ns have an admini51ralive purpose only. and do not legally ￿$trict the board's dlsffttion to apply the luThl. In¢ome Income is reoajgnised by I￿lUSh)n in the Slatemwl of Fi￿ar￿la1 Acti￿tieS ontywhen the charity is legally enlTtled thè in¢x)me, perfonnarKe conditt'ons attad)eil to the ilemlsl of income have been met. the amounts inVo￿ed can ￿ measured wilh SLfficgent reliability and il is pr￿jab￿ Ihat the irKome will be ￿[￿ed by the charity. Income from charitable activities Incomè from charitable activrties [￿lUde incctho eamed from the suppty of seThices utx1er contractU81 arrangements arvj from perfO￿na￿ rdaled grants which have conditKJn5thal specty the provision of particular senrice5 to be provided by Ihe charty. Inctyne fr(xn govemmenl and other co-fvnders is recognised when the charty is legally entitled to the Ir￿ome because it is fuffillirvJ the ￿ndI￿onS conlained in the ielated funding agreements. Vvhere a grant is receNed in *Jvance, Éis [ecogn￿"On ￿ deferred aThJ included in creditors. Where entiuemenl o(XUfs before inccffie is receNed. il is accrueil in debl(¥5. Grants govemments and other c￿fU￿￿ers typKalty indude orE of the following tyFes 0f￿ndIt1￿M$. . Perfomiance basal Cc￿d[bons.' whereby the charity 1$ contractu￿ty entitled lo fijnthng onty to the extent that the core obJ"ectives ofthe grant agreement are achieved. Where Ihe charity is meeung the core objectives of a grant agieemenL it recognises the related expen{Jrtu￿. to the extent that it is reimbursable by the donor, as income. Tim8 based (xjnthllc￿s'. whereby the charity is contra*￿￿•)1rtIed to funding on the C(￿dition that11 Is u￿liSed 17 continued Skilled Nl NOTES TO THE FINANCIAL STATEMENTS for the financial yeat ended 31 Marth 2026 in a particular perh)d. In thesecases the charity recognises the irKorrEto theextent il 15 Utili5ed within the POTiryJ specified in the agreerrEnt. In the absence of such condrttons. assuming Ihat receipt is [￿Obable ant1 the amount can te refiably measured, giant ir￿rne is recognised once the charity is rntified of entrtlernent Grants received towards capital expen¢fitLwe ar8 credited to the Statemw)l of Finanual ActNitie5 vthen rec￿ed or receNable, whKhever is earfier. Expènditure Expenditure 15 ￿atysed bett¥een costs of charitable acbwbes and raising ftjnds. The Costs of each activity are separately accumulated and disclosed, and analysed according to thèir major (x)rnFK)nenls. Expenditure is recognised when a legal or constructive obligatson exists as a rttuti of a past event. a transfer of economic beneffts is r￿uired in settlement and the amount of the obliqation can be reliably measured. Support ￿sts are those functions that assist Ihe work of the charity bLrt cannot Èe attributed to one activity. Such costs are allocated lo actiwlie5 in proportion to staff time spent or other Sullab￿ measure for each activity. Investments In •s$rrtiatss Investments in associates aLx(wnted for in aC￿[danCe wilh the c05t fflojel are recordgj at cosl less any accumulated impaimwit kmes. Inve5trnents in aSs￿ateS aecounled for in accordarKe wlh the fair value model are initially recorded at the transaction price. At e￿h rep(xling dale, the inveslfftnts are rne85ur&J at fairvalue, with charrtJes in fair value tsken through income or &x￿nditur9. Whère il 1$ imwa¢ti¢ab￿ to measuwe fair value reliably wilhout undue cost or effort. the cost model will be adopted. Diwdends and other dislrit*Jtions re￿Ved from the investrftent rÈcoynised as income wthout regard to whether the dislribJtions are from accumulated proffts of the assoaate arising befo￿ ￿ after the dale of acquistb"on. Investmènts In joint ven￿reS Investnknts tn joinuy controll&Y entithes ￿nted for in accordan￿ with the cost modd are [￿rded al cost less any accumulale