ST RONAN'S COLLEGE FOUNDATION
COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL ACTIVITIES
(INCLUDING INCOME AND EXPENDITURE ACCOUNT)
YEAR ENDED 31 MARCH 2025
202S
Restricted
funds Total funds Total funds
2024
Unrestricted
funds
Note
Income and endowments
Donations and legacies
Charitable activities
3,619
863
25,000
5,000
30.000
28,619
5,863
34,482
8,255
12,228
20,483
Total incomg
4,482
Expendituro
Expenditure on charitable activities
Other expenditure
Total expenditure
2,999
43,511
46,510
2,999
44,397
47,396
2,847
886
2,847
Net (expendilurnllln¢ome
{42,028)
29,114
{12,914}
17,636
Redesignalion of Funds
125.000}
25,000
Net movement In funds
167,028)
54,114
112,9141
17,636
Recon¢iliatlon of funds
Total funds brought forward
Totsl funds carried forward
83,130
16,102
33.184
116,314
103,400
98,678
116,314
87,298
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 7 to 13 forni part of these financlal statements.

ST RONAN'S COLLEGE FOUNDATION
COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL POSITION
31 MARCH 2025
2025
2024
Notg
CURRENT ASSETS
Debtors
Cash at bank and in hand
12
110
119.804
109,326
109,326
119,914
CREDITORS: amounts falling due wlthln one year
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
13
5.926
103,400
103,400
103,400
3,600
116.314
116,314
116,314
FUNDS OF THE CHARITY
Restricted funds
Unrestricted funds
87,298
16,102
103,400
33,184
83.130
116,314
Totsl charity funds
14
For the year ending 31 March 2025 the charity was entitled lo exemption from audit under secliofi 477
of the Companies Act 2006 relating lo small companies.
Directors, responsibilities..
The members have not required the company to obtain an audit of it5 financial ststements for the
year in question in accordance with section 476.,
The directors acknowledge their responsibilities for complying with the requirements of the Act
with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies, regime.
These financial statements were approved by the board of trustees and authorised for issue on 3
December 2025, and are signed on behalf of the b08rd by-.
Mr C Lough
Director
Mr P McAliskey
Director
Ms M Mclnty
Director
The notes on pages 7 to 13 fomi part of those fin•n¢lal ststements.

ST RONAN'S COLLEGE FOUNDATION
COMPANY LIMITED BY GUARANTEE
STATEMENT OF CASH FLOWS
YEAR ENDED 31 MARCH 2025
2025
2024
CASH FLOWS FROM OPERATING ACTIVITIES
Net lexpenditurellincome
112,9141
17,636
Adjustments for..
Interest payable and similar charges
Accrued expenses
359
2,326
2,400
Changes in..
Trade and other debtors
Trade and other creditors
110
17,749
12.3541
35.878
Cash generated from operations
110,1191
Interest paid
Net cash (used in}Mrom operating activities
1359)
110,478)
1447}
35,431
NET IDECREASEIIINCREASE IN CASH AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS AT 8EGINNING OF YEAR
CASH AND CASH EQUIVALENTS AT END OF YEAR
110,4781
119.804
35,431
84,373
109,326
119,804
The notes on pages 7 to 13 form part of these financial ststsments.

ST RONAN'S COLLEGE FOUNDATION
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
GENERAL INFORMATION
The charty is a public benefit entity and a prNale company limited by guarantee, registered in
Northern Ireland and a registered charity in Northem Ireland. The address of the registered office
is St Ronan's College, 71 North Circular Road, Lurgan, Co.Armagh, BT67 9GQ, United Kingdom.
STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,. the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} {Charities
SORP IFRS 10211 and the Companies A¢t 2006.
ACCOUNTING POLICIES
8asl8 of preparation
The financial statements have been prepared on the historical cost basis, a$ modified by the
revaluation of certain financial assets and liabilities and investment propertie$ measured at fair
Value through ineome or expenditure.
The financial statements are p￿pared in stsding, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key $ources of eslimation un¢ertalnty
The preparation of the financial statements requires management to make judgements.
estimates and assumptions that affect the amounts reported. These estimates and judgements
are continually reviewed and are based on experience and other factors, including expectations of
future events that are believed to be reasonable under the circumstances.
Fund accounting
Unfestricted funds are available for use at the discretion of the trustees lo further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
commitment
Restricted fvnds are subjected lo restrictions on their expenditure declared by the donor or
through the lemis of an appeal, and fall into one of tsvo sub-classes.. reslricled income funds or
endowment funds.

ST RONAN'S COLLEGE FOUNDATION
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS {con¢inv¢dJ
YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES (contlnued)
Incoming resour¢es
All incoming resources are included in the ststement of financial activities when entitlement has
passed to the charity.. it is probable that the economic benefits associated with the transaction will
flow to the charity and the amount can be reliably measured. The following specific policies are
applied to parti¢ular categories of income..
income from donations or grants is recognised when there is evidence of entitlement to the
gift, receipt is probable and ils amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and services are recognised in the accounts
when received if the value can be reliably MeaSu￿d. No amounts are included for the
contribution of general volunteers.
income from contracts for the suppw of seNices is recognised with the deSivery of the
contracted seNice. This is classified as unrestricted funds unless there is a contractual
requirement for il to be spent on a particular purpose and returned if unspent, in which case
it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of
financial activities to which it relates-.
expenditure on raising funds includes the costs of all fundraising activities, events, non-
charitable trading activities, and the sale of donated goods.
expenditure on charitable a¢tivib'es includes all cosls incurred by a charity in undertaking
activities that further its charitable aims for the benefit of ils beneficiaries. including those
support costs and costs relating to the governance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is nerther related to raising funds for the
charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the ￿SoUrCe. Direct costs
attributable to a single activity are allocated directly lo that activity. Shared Costs are apportioned
beiween the activities they contribute to on a reasonable, justifiable and consistent basis.
Flnancial instruments
A financial asset or a financial liability is re¢ognised only when the charity becomes a party to the
contractual provisions of the instrument.

ST RONAN'S COLLEGE FOUNDATION
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (¢ontlnu8d)
YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES (conllnu8d)
Financial Instrumgnts (¢on¢lnued)
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other
consideration expected lo be paid or received and not discounted.
Debt instruments are subsequendy measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured
reliably, the investment IS subsequently measured at fair value with changes in fair value
recognised in income and expenditure. All other such investments are subsequenuy measured at
cost less impairment.
Other financial instruments, including derivatives, are initialty recognised at fair value, unless
payment for an asset is deferred beyond nomal business terms or financed al a rale of interest
that is not a market rate, in which case the asset is measured at the present value of the future
payments discounted al a market rate of Inte￿St for a similar debt instrument.
Other financial in51rumenls are subsequently measured at fair value, with any changes
cognised in the slalemenl of financial activities, with the exception of hedging instruments in a
deslgnated hedging relationship.
Financial assets that are measured al cost or amortised cost are reviewed for objective evidence
of impairment at the end of each reporting dale. If there is object've evidence of impairment, an
impairment loss is ￿cOgniSed under the appropriate heading in the statement of financial
activities in which the inrtial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are
individually significant, these are assessed individually for impairment. Other finan¢ial assets are
either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, lo the extent Ihat the reversal does not
result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
LIMITED BY GUARANTEE
st Ronan's College Foundation is a company limf(ed by guarantee and accordingly does not have
a share capital.

ST RONAN'S COLLEGE FOUNDATION
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (¢rmllnu8d)
YEAR ENDED 31 MARCH 2025
DONATIONS AND LEGACIES
Unreslri¢ted
Funds
Restricted Totsl Funds
Funds
2025
DONATIONS
Donations
SRC Staff Donations
1,654
1,965
3,619
25,000
26,654
1,965
28,619
25,000
Unreslricled
Funds
Reslricled Total Funds
Funds
2024
DONATIONS
Donab'ons
SRC Staff Donations
6,415
1,840
8,255
6,415
1,840
8,255
CHARITABLE ACTIVITIES
Unrestricted
Funds
Restricted Total Funds
Funds
2025
Other income from charitable activities - Breakfast
Other income from charitable activities - Marathon
Other income from charitable activities- Grant
863
863
5,000
5,863
5,000
5.000
863
Unrestricted
Funds
ReslTiCted Total Funds
Funds
2024
Other income from charitable activities - Breakfast
Other income from charitable activities - Marathon
Other income from charitable activities- Grant
14
12,214
14
12,214
12,228
12,228
EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTNITY TYPE
Totsl funds
2025
Total fund
2024
Support Costs
Governance ¢osts
2,999
2,999
2.847
10

ST RONAN'S COLLEGE FOUNDATION
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2025
OTHER EXPENDITURE
Unrestricted
Funds
Restricted Total Fund6
Funds
2025
Grant Allocations & Disbursements
43,511
886
44,397
un￿StrICted
Funds
Restricted Total Funds
Funds
2024
Grant Allocations & Disbursements
INDEPENDENT EXAMINATION FEES
2025
2024
Fees payable lo the independent examiner for..
Independent examination of the fi'nancial statements
2,840
2,400
10. STAFF COSTS
There were no employees during the year.
11. TRUSTEE REMUNERATION ANO EXPENSES
No remuneration or other benefits from employment with the charity or a related entity were
received by the trustees.
12. DEBTORS
2025
2024
Trade debtors
110
13. CREDITORS: omounts falling due wlthin one year
2025
2024
Accruals and d8ferred income
5,926
3,600
11

ST RONAN'S COLLEGE FOUNDATION
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS {coneinved)
YEAR ENDED 31 MARCH 2025
14. ANALYSIS OF CHARITABLE FUNDS
Unrestri¢t¢d fund8
Al
1 April 2024
At
TTan$lers 31 March 2025
Income Expenditure
General funds
83.130
4,482
146,510)
125,0001
16.102
At
1 April 2023
Al
Transfers 31 March 2024
Income Expenditure
General fund5
65,494
20,483
12,8471
83,130
Restslcted funds
Al
1 April 2024
At
Transfers 31 March 2025
Income Expenditure
Restricted Fund
33,184
30,000
18861
25,000
87,298
At
1 April 2023
At
Transfers 31 March 2024
Income Expenditure
Restricted Fund
33,184
33.184
15. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
Funds
Restricted Total Funds
Funds
2025
Current assets
Creditors less than 1 year
Net assets
21,142
15,0401
16,102
88,184
{8861
87.298
109,326
15,9261
103,400
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Current assets
Creditors less than 1 year
Not assets
86,730
13.6001
83,130
33,184
119.914
13.6001
116,314
33,184
12

ST RONAN'S COLLEGE FOUNDATION
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (contlnv
YEAR ENDED 31 MARCH 2025
16. ANALYSIS OF CHANGES IN NET DEBT
At 1 Apr 2024 Cash flows At 31 Mar 2025
Cash at bank and in hand
119.804
(10,4781
109,326
13