Conipany regists'tttion niimber.. N1682767
cl￿rity regisliptiort nuillbei.: 1086115
The Speedwell Trust Limited
(A conu)any limitd by guakmntee)
Anni￿1 Report oiid Financial Slftteiiienl8
for tlie Year Ended 31 March 2025
Baxlei'woi'ld l.td
Unit 3 D￿'£an Ind(￿triNI Park
60-84 Dai'gall th'esceTrt
BelfAst
BT3 9JP

Tlie Speediyell Ti'ust Liinited
Collteiits
Refei'enue pnd Adinillistt'&tiv¢ Details
Tiiisleesl RepoLI
210 10
StatcmEnt of Til￿te88, RG%ponsibililiGs
Independeiit Bxaininei's Repoi't
12
Sialonieiit of Fi?ioii¢ial Activitie8
13Lo 14
Balaiice SEieel
15
Notey to the Flnoncial Sialemen18
l6to26

Tlie Speedwell Trust Llmited
Refei'eiice aiid Adniliilsti'atlve Details
Ti'ustees
Laiii'a Sw&ile (ClIRii'person)
Fi'aiicis McVei8
Louise Quiiiii
Tric Raiiiey (Vicc-cbal'lp￿y￿n
Teitxice (Ti'casiii'ei.
SeBn McElhalion
Seci'etfti'y
StepbcA Crftbbe
Pi'lnclpal Olflee
Parkfinp4ur Foresl Pork
57a Pai'l(anaur Road
Cllsilecaiiifield
Co. Iyi'olle
Brio 3AA
CaiiipAiiy Re£lsti'Alloii Nuiiibei.
NJ682767
ClIAI'ily Reglsti'otloll Number
108645
SolltltOl'8
Jobn Hoyi Son & Muiyliy
DX4120NR
Dung8nnon
Baxleiwoi'ld Ltd
Ujiit 3 Darguii Iiidusl(iol Pork
60-84 Dargan CiEsc¢i)I
Belfast
BT3 9JP
Indepeiident Exortilnei.
Page I

The Speedivell'fi￿8t Limite
,Statemeiit of Finallcial Activities foi tlie Year Ei iided 31 Mil'ch 2025
(In¢luding InL'oiiie A)Id Ei xpeiidi(ui"e Accouiit and StAtenieiit ol Totql Reeogiiised Galns
and Losses)
Uni'esti'ieted
fullds
Resti'icte(I
fuiid5
TutAI
202S
Note
Incon)e Aiid Li iidoiviiiLlI)Is fi'oin:
Doiilllioi￿ ai)d log&cie5
C.IIHI'itable aclivilios
Iiivtsttment lliconie
oilieL incoijie
5.933
2,225
629
5,933
191,264
629
29,674
189,039
Total Incojnc
189039
227,500
Yyeiiditui'e. oil:
Ilaiqitig fuiids
Cliai'ilable aciivitles
(769)
35,545)
(769)
200,564
165,019
Toldl Expenditu
Nel ijieoiiie
TLAllsfeis betweei) filiids
36,3 l4
165,019
201,333
2,147
14
24,020
14
?.6,167
Net movenient iii funds
2,161
24,006
26,167
ReeonclllAti(bii of fulids
Total fllnds broiigli¢ forwai'd
Total fiii)ds caiyicd foi'waid
60,193
23,951
84,144
15
47,957
llesli'leted
funds
110,311
I'otal
2024
TJni'vsli"l¢led
funds
Note
liieoine *iid Lfiidoi•nncnts fi'oiii:
Donations and legaci¢s
CII&L'ilable activities
lThYesttiienl llicom¢
Othei. ii)coiJe
996
152,390
152,390
.%.52
36,563
.552
36,563
Total IrLcome
152,390
190 Sal
I xp¢.nditill'e on:
<271)
60,76
(271)
209,Q33
Cliaiilable activities
L48,267
Total Expendituie
Net (expeiidittlLe)fiiicome
Trottsfu's bclween fiu]ds
61,037
148 267
{22,926)
4,123
(18,803)
Net mov￿1]ent itt fi￿dS
(22,925)
4,122
(18.803)
Rocoiiciliatiaii of fui)ds
Tol&l fuiids biY)uÈlit forwai'd
83,118
19,829
102,917
Pags 13

Tlie Speedwell Ti"ust Liinxted
StAtemeiit of fiiiiaiiciiil Activilles foi. tlie Yeai. Elided 31 Th1ai'eli 2025
xicludiiig Incojiie Aiid Li xpenditui'e Accoiint and Statenieiit of Tot81 Reeogiiised Gaiiis
.Ind Losses)
Uni'esti'ieted
fund5
Ile5(-I'letLkd
ruiids
2024
Note
Total £wid,s Gai'ried foi'ward
15
23,951
All ot. the cl)ai'ity'8 aciivilies dei'ive froiii coutiiiuing ￿p￿atIOnS duriiig the above two periods.
Tl)e fuiJd8 bycakduwn foi. 2025 & 2024 is 8hoMi in llots IS.
Page 14

Tlie Speedwell I'i"ust Liii)ited
(Reglsti"atioll uui1ib￿': N1682767)
B%lance Sjieet as At 31 Mai'ch 2025
2025
2024
Note
riixed Assets
1'&118ible fissets
i?.
2,083
5,386
Cui'i'eiit assets
Debloi's
La811 al bll[￿ aiid ITh hand
13
8,211
120,453
128,664
6.334
105,655
151,989
C'i'ediloi'&: Aniounts folllng due iylthin oi)e yeai.
14
33,231
Net ¢ui'i*nt Asset5
108,228
110311
78,158
84,144
Net $188et8
IrL)iids of tlie c11741'1ty:
Re8tYlcled fund¥
47,957
23,951
Uiiitsli'lct.e.d lllcoiiie fuiids
Uiii'c811'A¢led thiids
62,354
110,311
'rotfil fuii(Is
15
Foi'11)e finatteilll year ending 31 M&rch 2025 Ilie clig1.ity WAS entitled tsj exeinption fi'oni audit iiiidcr section 47,1
ofthe Coinp&i)ies Act 2006 1'¢lating to small compani￿.
DIre¢l0￿, rcsponsibililie4'.
The iiiemb¢iy liave not irquii-ed the cl)arity to obtaill ati audit of ils acoounts fo¥ tlio ye81, in qu¢8lLOII III
8ccordoiice wilh xeolioti 476; and
The dii'e¢loi's aGknowledge Iheir responsibilities for complying with the requiirniènts t)r ihe Act witli respec
lo accouiiling i'¢￿rdS Thnd Ihe pr¢paration of accouiits.
Tliese ￿ctO￿lt￿ have bexn pi'epared in 8ccoi'dance with tILe provisio1)8 llppliethble lo companies subject to tlie
8mall complliiies i'egitsio.
'rhe fiiiollcial statements. oll pfjges 13 10 26 wcre &PpL￿ved by th¢ hu81¢es, olld HiilboLised for iswe 01129 August
2025 alld signed ott theii. belialf by..
Lawa Swaile (Cliaiyycrsoi))
Trustee
P88e 15

The Specdwejl Ti'ii8t Lilllited
NotLis to tlie Finaiiciol St2teiiJeiits foi. the Yeai. Ei iided 31 Mai'cli 2025
I cli41.ity slalus
Tlje eh41.ity is & clioi'ily lin11￿d by giiaiaiitee and coiiseqiiendy doe8 iiot l)ave sliarc capital. Bacl) of die tlustees
is liable lo conti'ibule an omount ttol exceeding £Nil toiyaids Ilie A&sets of11)e cliarity in dic evell¢ of liquÉdaliL)n.
2 Ac¢ourillnR pollcies
Sui))mary of sl211ificaiit gceountlng yullcles #Jid II¢y &Lcounliii2 estiniales
TIIC pi'illClPl£ l a¢¢outitillg policies ayplied ia tlie preparation of these fiiiancial stdlcii)enls al'e sel oiit bclow.
Tliese policie8 Iiovc been coiisistenily ai)iilicd lo 411 Ihc yeni's picsei)led, uiiless oili¢nvise 8t&ied.
Staleniellt of coiiipllttiice
Tlie firiunctal slai¢iiienl8 1)ave beeii preparcd iti accordance willi Acc01111ting and Repoiliiig by ClIAI'ilies;
Si&teiii¢iil of Recoinniendcd P¥acli¢e 8pplic#ble to choi'ilies pi'ei)ariTkg IIJcii' accoiints in accoi'dance willi Ilie
Financial Reporting Standard applicabl¢ iii the UK und Republic of Ircland (FRS 102) (effeclive l J8illl8ly
2015) - (Cliai'ities SORP {FRS 102)), t￿¢ FinallciAI Repoitin8 Standol'd applicablc iti tl)¢ UK and Republic oe
li'elaiid (FRS 102) aiid Ibe Con)pAI)ics Act 2006.
Bmslg of i)i'epRI'otlon
Tl)o spee.dwell Tru81 Liniited niecls the defii)itlon of a public benefit eiitily uThdei' Iills 102. As'sel8 and liabilitl¢8
al'e initially i.eco￿lised al liistori¢AI cnst oi. Irfjnsactioii value uiiless otliemis¢ staled iii Ilie I'elevaiit A¢COUiiling
i)olicy notes.
Goliig coiieei'n
Tl)¢ Ii'iistees ¢onsidei' that thvxe al'c ]Jo mAteYiAI uiicertAinlies about the cliarity's ability to continuo 88 B going
co1)¢￿'n noi. any significant of uiicert41nty 11)&t affect the canyiiig vfilue of ass¢ts lield by tlie charity,
Ei xei)Iplioii li'tsin pi'ep41'1Jlll 11 LXt*li IIoiv 51atenieiit
Tlie cliai'ity opted to eaLly adopt Bull¢liii I published oll 2 F¢bn￿lY 2016 and Imve theitloir iiot iii¢lvded a casli
flow statement in tliese fiiiancial st41ciiicnls.
liicoiite Mild endoivnieiits
All iiicoine is LTcogiiised oncc the cli&i'ily I￿S eAlitleiiicnl lo th¢ inconie, it is pn)bable tlial the incollJe will be
re¢¢iv¢d and 11)¢ amoLint of tlie ii)come i'eceiv&ble can be me￿ll7￿d i'eliably.
oiJolioii& ¢iiid18gacle
Donations are reLognised wheii die chaillty Iios been iiolificd in wriliiig of bolli tho aniount aiid 8ttllle1i￿nt date.
In Ili¢ Bvenl Ihal a dnnalion is subject to eondilioils t1￿¢ i'equire A l¢vcl of pei-fon)1&iice by cliaJ4ty beFoYc Ilie
cliai'fftly is CLilitled lo the fund¥, Il)e incoinc is defcn'cd and not ITcogiiiscd iinLil eiiliei. ttiose conditio1￿ al'e fLIIIy
nicl, oi. the fulfilnicnL of tl)ose condili0115 is wliolly wiihin Ihe oonlrol of tlic chai'ily and it is piY)b8ble Ilial these
on(litions will bc thlfilled in tli¢ Irporting pei'iod.
PLge 16

Tlie Speedwell Ti'll5t Llinlted
Notes to tlie Iliiiaiicial Stateiiieiits foi. tlie Yeai. iiiled 31 Mai'cli 2025
Defei'i'ed liicoiii*
Defei'i'ed incoJn¢ i'qii'esents aiiioutils i'eceived foi. futwr pcrio(ts and is Kcleoscd to incon)ii?g i'esouYce8 itt die
pei'iod foj. whlcli, il hss be￿1 reccivd. Such incoiiie As oJ)ly defcrled wlien;
Tlic doiioi, specifies tl)at tlie graTrl oi. doTholion niust only be I￿ed iii ftltuie occounliiig period8. or
Tlie donoj. hus iillposed coiidili0118 whicli musl bc tllct beforc IIK cl)8i'ity118.8 Un￿lId}llonaI en¢lileiii￿}¢.
liiiie&'liiieiil iJlCDIII
Divideiidj ole rc¢ognl$¢d oiice tlie dividend lias been dcclared alld nolificailon lios be￿1 i'ecr.iveAI of11)e divideiid
due.
Ii.%peiidltui'e
All expeiiditui'e is i'ecogi)ise.d once Il)ere is A leg&1 oi. eonsiiiielive obligqlion lo Ilial expeiidiLui¥,11 is p¥obabl¢
scrtleiyient is i¢quired and tlie oniounl can be iiiusiiird I￿ll￿bly. All costs al'e allocat¢d lo the applicllble
6xi?eiidittii'c headiii8 Iliat aggregale siiiiilnr Costs lo Ilial ealcgo)y. Wlieit eosts co1)nol be directly allribiilcd to
pai'lA¢ulaL lie8dings dicy liav¢ be¢ii allocated on a basis ¢oiisisleJit witli tli¥ use of i'csoui'ces, widi c¢nlJ'al stoff
co$18 allocated 011 Ilic basis of linie spent, aiid depreciatioii ch81.ges cilloc8t¢d on tlie poi'lion of the ll&8et's iise,
Ot]181' suppoi'l cost8 air 4llocated based on the spread of stsff c08ts.
Jirtls,liigJliiids
Tlicsc ai'c ¢<J¥ls ilLcuiiEd in atlra¢ting volimlAry income, the n￿Trage1]it￿l of inv&%tm¢nts 81Jd 1Siose in¢uii'ed in
tLiding 8¢tivities Ih&l raise fiJnd¥.
Clinrliable ftLilpliles
Chai'ilabl¢ ¢xpertdi¢ui'c ¢oiiwi'iseg lIK￿8 costs iiiciirttd by Ilie cJiari¢y in tli¢ deliV￿Y of 118 acLivilies aiid suyices
foL its beneficithi'ies, It incliides boili costs Illat can bc allocated diitctly to sueh activities and Iliosc costs of 811
indiitcl nattiir necessary lo slipp￿1 tiiem.
,Suiii)ui't costs
SiipJ)oit cos1¥ ill¢lude ¢eiitr&l flw¢lioJ18 and Iiave been allocated to activity cost catcgori¢s oll a basi8 ¢01191stent
IVLlh die use of resources, for exaniple, Bllocatiiig i)ropei'ty costs by flooi. aiEllS, Ol. pei. caplia, sl&ff L'ost5 by Ilie
linie spent and ot11￿. costs by tlieii. usage.
Ciovei'nftiiee costs
Tlie.ie inclLide tlie COA18 alts'ibutable lo th# Ll)akity's compliance willi conslittttion&l tsi)d sttlttitory TequirGinenLs,
inoliidirtE aiidil, slixte¥i¢ ￿ana8¢t￿en1 alld hiistees's meelings aiid reiinburs¢d oxp¢nses.
Tax&lion
Tlie cliarity is considered lo pass Ilie les15 set oul in Paragrnph I Schedule 6 of Ihe Fiiiaiice Act 2010 hiid
Lherefoi'e it nieels thB defillltioii of A chlli'itable coiiipany for UK coiyoilltion lilx puI'pose.%. Accoi'diftgly, IEL¢
cliwity is poteilli&lly exciiipl fro]ll laxalion In respect of inconie oi. c&pilal gains recelved wiiliiii calegoiies
covet'ed by Cliapler 3 Palt I l tsf die Corpoi'alion Tux Act 2010 or Seclioli 256 of Ilie Taxation Df Cliai'8eable
Gaiii.8 Aet 1992, 10 Ilie ¢xlent Ilial sucli iiiconie oi. gains aLf Applicd exclusively lo elillyilable pw'poses.
Iqiigtble Ilxed assets
Taiiglble fixed assets are Initially measured at cost and subsequently iiieasured al cost, net of depreciation aiid
aiiy iMpaiiincnt1088¢s. Tlic cbwity has a fixcd t￿¢1 capitslisation IlllT81iold of £500.
Page 17

Tlie Speedwell Ti'ust Liinited
r4otes lo tlie Flnaiicjal Stateiiients foi. tlie Yeai. Ended 31 MAI'eli 2025
Depi'celailoii 4lLd Aii)ui'il&tidon
Depj'ecialion is pi'ovided oil l&ngible fixcd assets so ￿ to wi'itc off ll)e eosl oi. valu&lioii. le&5 aiiy esliiiialed
Irsidiial v4liie, ovei, Iheii. expecled i￿tfI11 econoinic life as follows:
Asset class
l.e4seliold L811d aiid BiiildiiiBS
Fixtuit.s & Fillings
Depi'ecli¢ tioii nielliod aiid i'nt¢
4 /• StraiElIL Line
200/0 Siiaigl)i Liiie
Ti'nde debtoi's
Trade debtoii al'e linouiils du¢ froin custonieys foi. meirhartdise ￿ld or s¢i'viccs per£oiTr¢d in tlie oiliu41'y
cours¢ of busit]ess.
Ti'ade debtors ore Lecognised illilially at Ilie transaction pi'iee. Tlicy arc sllbscqueiitiy illeasw'ed at ainoi'lised cosl
ii.%iiig Ilie effeelive inlei'¢st Inediod, less provisioi) foi iinpairiiieni, A provision foi, tlie IiiipalrineJ)l of Irade
deb1013 is established wlieii Iliere is ol)jeclive cvidence Ilial tlie cliili'iiy will not be ablc lo collect all ainoui)t8 du?
ecoi'ding to Ili¢ original tciiiis of the recelvables.
CASII Aiid enskn eqiiivalents
Casli asid ca&li cquivaleiiLs coinpri8e Lttsh on liand And ¢all Iloposils. ai)d olh¢r shoit-tenn l)igl)ly Itquid
investshcnts tliat oi'c i¢Adily convcilible to a kniowll amoiint of casli and al'e subject to an in8ignifi¢4ftt i'isk of
chai￿e iii v8Liie,
I'l'ade ci'odll'oi's
Ti'ade Liedilors al'e obligilion8 to pay for g¢Jods or Servic￿ Iliat lillve been acquired in tho oi'dlnaiy enurse of
biisiness fi'oni 8uppllei's. Accouiil& payable ar8 classified as eiiiTent lillbill(ies if tlie clthi'ily does ttol Iiav¢ 411
UIILDt)d1li￿nal iiglil, al tlie and of tlie iEPOI'ling poriod, lo defor s¢ll{¢ii)￿?I of Ilic ¢￿dI101. foi. at le95t twelv
Iiioiitlis aft¢i' Ilie Irporliii8 dale. Ir Iliein is an uiiconditional rLgl)I to defei. scttlenieiii foi. al least Iwclve ii)01)Ilis
aftei, Ilie reporling dkte, they pi'e$eTrled non-ciirretit liabilities.
Trude ci'editoiy are irco8nised inilially al tlie ttnnsaotion price and subsequently Ine4sLiiEd &t ailloi'li.Eed cost
iising the ¢ff¢ctivc inlei'est nieihod.
Biii'i'oivlngs
Inlei'est-bcut'ing boi'rowiiigs initially iEcorded a¢ fair vnlue, iiet of li'MI)saction eosls. ILkre8t-bearii
bori￿1vilIgS are siibsequently ¢&￿Ied 41 81110rtised COBI, will) Ihe differellce belween tlie proceeds, nel of
li'onsaclioi) costs, and Ilie aii)ount due on r¢den)i)lioii beii)g ircogniscd lls a cliargc lo Ilie Sialeiiiei)t of Fiiianeial
Aclivities oveA' tlie p￿.10d of the relevant boiyowing.
Inlei'est cxpeik8e 18 reco8nlsed on the basis of the etyedive inte￿¢ meiliod #t￿ 15 iiicluded in intoK8L payable
aijd sinii18r cliaL8es.
Bon'Dwings ale clllssified as ciiii'ent li4bilities Ullless Ihe cliai'ity has an Ullcolldilional righi to defel setllenienl or
tbe liability for al least hv¢lve monll￿ aftek. Il)e i'epoktinA dal#.
Fuiid t4ti'iicthi'e
Uni'eslLiclLd incoiiic fliiids #re gene￿1 fillids Iimt are avRilablt foi. u5¢ LI￿ Iru8tees's disGretiOll ill tuitliei'fvnco
of Ili¥ ubjeclives of Ili¢ cl)ai'ity.
Designated funds are uni'estricled fiinds scl oside foi. spccific PJLPOSC& at the diseLttion of Ilie tnislee8.
Page 18

Tlie Speedwcll Ti'115t Liniited
Nol'es to tlie Fliiaiicilll Stllteineiit8 foi, tlie Yeai Li iided 31 Mar¢li 2025
Restyicled incoNie fiii)ds are 11105¢ don&lcd foi. us¢ in a p8rticiilaL area or for 4)ecific puyposaq, the lis¢ of wliioh
is ITsIL'1cl￿ ￿ Iliat dtta or pwpose.
Finai)¢iftl ijisti'unientx
inuncial as8els and financial ligbililies Itcogiiised wliei) the oliai'ity brK(kn)es a paLty to dic LonLI'ALtual
PI'OViSIOl)8 ofthe iiislLiimeiit.
Finaiicial liabilities and equity instriiinei)ts are classified aceordiiig to tl)e %4ibsl8nce of the coiitsi¢tiial
.111'angom¢iits eAlotcd into. An cquily itjstnimcnt is any contr8c¢ t1￿¢ ovid¢iices & i'csidiiAI iiilci'cst in tlie &ssets of
tlie oliai'ity Afiei, dcductliig a51 of ils li8bilili¢s.
RecDgiililnii rtiid iii¢cisiii'eiiieiil
All financlal 8&8els llnd li&biliti¥s are iiiiliiilly nie88uiEd Nt lixiisudioii piice (incliiding Iransoclion costs), exeepl
foi. Iliose fiÈJanciMI 8SS¢ts Ll¥ssified as at fai¥ valutt lliroiigli profit ur loss, whicli al'e initially nieasui'ed al fail.
value (Ivl)ich is Iioi'tnally Ilie ti'qnsgotion PLi¢e excludiiig Irai)8actioii cck8ts), 111)le&g tli¢ nn'angcinent coii8lilulcs
finmncitig li'ansaction, If an ai'L8ngciiieiil constiliilcs a fiiinncing Ii•nsftclion, die finllncial a85￿t oi, finai)clal
liability is measwed Al Ilie pi'esent valiic of Ihe rub￿.C pa￿n￿lIS discounted al A 11)ai'ket yate of li11￿.est for o
sittiilai. debt i1)sh￿rne1}I,
Fii)aiicial assets ai)d li8bllitie8 a￿ only offsel in tlie Slat￿lle1}I of fiiianGial positloi) wlien, a))d onty wliet) IIi¢Le
exists ll l¢gally eiifoi'eeable rlglit lo s¢1 off Ilie i'ccogi)ised 14 Inounts and Ilie cliurity iiit¢nd& eillier lo settle on
iiet basis, OL to iralis¢ Ilie ag8el aiid 5ettlc Ihe liability slniullaneously.
Finaiicial ass¢l6 ar¢ derccogni8ed wlicji dnd oiily wliell a) tlie con1raC￿￿1 riglils 10 11)tt CVAsli flows fiDii) 1118
fii)aiicial hsscl expiie OK al'e settled, b) tlie ¢l)81'ity 1iansfei% to anotlier parly subslanlially Nll of tlie risks aiid
i-ewards of ownei'sliip of Ilic financial &8.%rA. ui. c) tl)e ¢l)arity, despi* I￿Vill8 i'elaiii¢d some, bill nol all,
Si￿liricant i'isk¥ atLd rewai'ds of Own￿￿h1p9 l)&s tttnsfcnrd control of the ass¢t to Dnotlier PBLty,
Financial li4bililie5 ore de￿08n15Cd oiily wlieii die obligatioii si)ecified in It￿ collti'tLcI is disc1￿1.￿ed, ¢an¢dled
oi, expii'¢s.
Invesli)ienls in non-conveylible PLefeitnce shares oiid noii-piittable ordinRI)i oi pirfeitiice sliai'es (wliei'e sh&ies
dre publicly Ixaded oi Ilieii. f&ir value is reliably iiieaswable) iiieasuird &1 faTI' Yalu¢ Ilii'oiigh i)ItJfil 01. 1088.
Wlieie fllii. v81uL c&iuiot be i)ie&siire(t i'eliably, invgstnienls alc measured at cost less iiiipairiilent,
Iiive8ln)enls subsidlarle8 and a8socioles llre m¢asured at ¢ost les5 Inipaii'ii)enL Foi. invcsliii¢iils subsidiai'ies
acquiltd foi. consideration jiicliidiiig tlie isslle of slillirs qualifyiii8 £￿- i7￿1.8¢r relief, c081 Is iiieastsred by
Lefei'eiice lo Ihe noiiiitml value of Ilie sliares i8siied plus fair valu¢ of ollior coiisideratioii. Aiiy is
ignDI'ed,
Foil. 114liie iJJÈnsiii'eiiieiil
Tlia b&8t evidence of foir value is 8 quoted price foi. an idenlicthl as8et ii) un active DINikel, Wl)en qlioled prices
'e iinuvAiluble. Ille pi'ice of H receiit trani8ctioTh for tsn ideiitical assct pj'ovldes evidenee of fair voliie loiig 88
tlicr¥ l)as llut been 74 SiEnifie&nt ttliaiiEe iii economic cii'cuinslances oi. a significtLii¢ lapse of tuiie 8iii¢e Ilie
ti'aiisaclion took place. If t])c n)arkel is not active and I'ccent Iralls&Ctions of ali idei)lical assel on Ilieii. own are
ilol a good cStiin*le of fail. value, Ihc fAir Val￿ 18 esliinated by usitkg 8 valualioll led)niqiie.
Pag¢ 19

Tlie Speedwell Ti'ust Liillited
Nol'es to tlie Flnanclal StAteiiieiits for the Yeai. iided 31 Mi¢ I'eh 2025
3 Iiie¢>iiie fi'oiii doiiALiuiis aB]d legacles
Uniysti'lcted
fuiid
TolAI
2025
'rotAI
2024
GtneA'AI
Donations and le8acieg',
Doiiatioi)s fiY)iii individiials
5,933
5,933
996
5,933
996
4 Ijitiiiiie fj'oni cliAI'lt8ble Actlyltles
Uni'e&ti4cted
fuiids
Resti'icled
funds
Total
202S
TotHI
2024
Cei)ei'AI
Coiiiiiiunity R¢lo110118 Edii¢ation
2,225
189,039
191264
l52 390
5 1iiveslni¢Mt Income
unl.￿11.1cttd
fiiIids
Total
2025
Total
2024
Gei)ei'al
Interest Leceivoble aiid siinilar iii¢omo'
Inlei'esl I'eceivable on baith depogit8
629
629
552
Page 20

Tbe Speedwell Ti'ust Liinited
Iyotes to tlie FiiianclaE StAteRiieiits foi. tlie Yeydi, Ei iided 31 mai.cli 2025
6 Expejiditui'c 011 cliai'itahle aetlvitle5
Uniwtricted
fil￿d8
Resli'lcted
ftiiids
Total
2024
Gentl'RI
2025
NDIC
C￿nn)Ll1)ity Rclatioiis
Bducatio
Staff oosls
Allocated siipw)Ll c081s
Goveinaiice costs
21,254
928
11,503
.860
37,663
126,354
1,002
511,917
A27,282
12,505
1,860
200 564
53,427
141,543
12,323
35,545
165,019
209,033
For detailed staff ¢osts, see iiote 9 below
7 AIi4ly$ts of goveynance iiid suppoi'l Costs
Govti'noiice ¢o$lA
Uni'e5ti'lcled
funds
Tntal
2025
TotAI
2024
GeiiorAI
Indepeiident exalliiner fccs
Exaininutioll of tlie fit)ancial slA1emei￿S
1,740
1,740
1,860
1,860
8 Ti'ustee8 1'eMiiiiieA'Jltlon Ajid exponses
No tsvslee8, nor Hny persons coNie¢ted WAtii thein.11gv¢ f¢c¢ivBd any rcmuiiciylioii fiDm Ibe chJi'ity duLing th
ye8L.
9 Stfiff costs
Tbe &g￿.egatc payroll cos18 were Is follows..
21)25
2024
StAfl costs dui'i11g the ye#i' Ivei'e:
Wa8￿ And sal&Li
Social 8ecw'Lty costs
Pension co.gls
Otlityr slaff costs
110,175
10,366
5,18S
1,556
127 282
119,973
11,606
5,952
4,012
141543
Page21

The SyeedwelI Ti'ust Liiijited
Noles to tlie Iyiiiaiicial Stateineiits foi. tlie Ye21'. Ellded 31 M#i'eh 2025
Ylie niontlily aveitge Iiiiniber of p¢r8ons (incliiding seiiior managcliieiit le￿kn) eiiiyloyed by tt]c chaiity diii'ii
tELe yeai. expJ'esÈed as full liiii? cquival¢i)Is was ds follows:
2025
2024
Eti)ployee NuDiber3
No cniJ)loyee i'eceived emoltimei)ts of iiiore than £60,000 dul'iiig tli¢ year.
10 Indepeiidellt ex4tnlnoi & i-eniuneiitloii
2025
2[124
Exai)iiiialioii of the fii?ancial slaleiiioiits
1,860
Page 22

The Speedwell Ti'ust Liinited
Notes to tlic Fiiia)Icfial Stateincnts for the Yeai. Knded 31 Mai'cli 2025
11 TaxRtxoxi
The cl)uiily is 8 rogislercd cllarity and 18 11)¢refoR exunpi fiimn taxotion,
12 Tlln%lble flxed nssels
LAiid nsid
buildlttES
ri ui'llltui'o An
equipiiieiit
TotAI
At l Apill 2024
87,217
71,782
158,999
Al 31 MarLlI 2025
71,782
1511,999
Depi'e¢JAtIoii
Ai l Api'll 2024
Cliftrge foi. Ilie yeai.
AI 31 Ma￿h 2025
87,217
66,396
3,303
153,613
69,699
156,916
Net booli ynlue
At 3 l Mai¢li 2025
2,083
5,386
At 31 Mawli 2024
13 Debtoi's
202S
2n24
Ti'ode debiois
Pirpayiii¢ii18
4,774
3,377
14 Ci'editOl'8'. amounts fAllinE dve iyithiii ane yepi.
2025
2024
'rrad¢ ¢redila¥s
oiliej. trdxation attd sooiol seciiiity
OlheL oieditois
Pen.8ion selieiiie cKedilo
5,39S
2,02D
745
661
5,745
5.370
2,921
3,96.5
2,333
24,012
Defen'ed in¢oni¢
33,231
Page 23

Tlie Speedivell Ti"ust Liiiiited
Notes to tlie fi Inaneiax stat￿neilts foi" tlie Yeai. nded 31 Mai'cli 2025
Is fi uiids
Blliiiice ot
31 Mlli'cli
2025
Bal￿1]ee Al I
Ai)I'il 2024
RL'SQUI'ce$
exi)eiided
i'esoui'c
Ti'aiisfei's
UJii'eBtI'l¢ted fuiids
G¢iiei'lll
Ui)Ytsli'lcted Fun(Lg
10,000
38,461
(36,314)
14
12,161
DeslEiinlerf
Desiwialcd Rescives
50,193
SO,L93
Totfil Uni'esti'fficted fund$
60, 193
38.461
62,354
Resti'lcted funds
ACNI
ABC Coui)cil
The Nalioual Loiieiy -
Plaliuuni Jiibilee
NI SIArl HC1￿ VCSE
Dni'inolit Accoun￿ Fiu)d
O, Oweijs
1961 CT - NlltLire Raiiger.s
Conuiiiinity Foundation -
We81¢yo11
Walei. Qualily (DABRA)
West Feilln81)agli EtNV
Bdiicaliot) Auilioi'ily Planned
Intuv¢iJtion8
Mid Ulstei Di$tiicl Couiicil
Halifftx
Garfield Weslon
Erthalon Foundation
Depl of Foi'eigji Affoii'.s:
Reconcillalioi) Fund (Border
,SGI)ools Reconcilia¢i04 Project)
10,772
3,160
(4,299)
(3,146)
6,473
(14)
1,048
10,331
870
,035
6,867
(1.048)
(33,541)
(J8,170)
(1,035)
(2,434)
30,222
49,998
7,Q12
12,698
5,000
9,433
3,800
(3,801)
(25,046)
(1,750)
25,046
1,750
5,194
15,692
7,012
15,000
500
{5,194)
(4,094)
(6,531)
(14,738)
(500)
11,598
481
262
19,693
19,693
Total I'&%ti'leted fuiid8
189,039
165,020
{13
47,957
Total flind8
201334
110,311
Balaiice &L
31 Mthi'tli
2024
liiconiing
I.￿OU1'Ce8
￿￿Olli.te5
expellded
pi'll 2023
Ti'aiisfei's
UTki'CStI'Acted fyiid6
Page 24

Tlie SpeedTrveS1 Ti'iist Limited
Noles to tlie Fiiiauclal Stthteineiits foi. tlie Yeai. fi iided 31 Mai'cli 2025
BalAYlCQ g4l
31 MAI'LI)
21124
BAIAnce At I
Aprll 2023
Ineoiiiln£
i'esoui'ces
Resnui'ccs
expelided
Tk'Hn$fei's
Geiiei'al
UAuestt'ict¢d Fiinds
22.332
38,11 I
(61,037)
10,594
10,000
De8i8nllted Rcsei'ves
60,786
(10,593
Totftl ujiytsti'leted funds
83,Il8
38111
61,037
Re.Iti'lcted fuiid.s
Coiiiic Relief
Tlie Natiuiial Lortery-
Plaliiiiiiii Jiibilec
NI Sllll't Hei'e VCSB
Depai'lii)ciit of Foi'eign Aff4ir8:
Reeoncili8lioii Fiind (Oui
Sliai*d Fului'e)
DoiinKnt Accoiinls Fiund
Q, Owe.A
1961 CT - NatrJro.R&nger8
Seci'el Gaifjen (DFD
Water Qu81ily (NIBA)
CoiiiLllUI)ity FoundatLOn-
W&81eyo
4,257
6,000
(10,257)
3,550
A2,022
23.500
29,615
{26,002)
(31,306)
1,048
10,331
(8,458)
(24,56 l)
(2,215)
(4,133)
(9,999)
(25,170)
25,432
3,250
IL,000
10,000
25.170
871
1,035
6,867
(i)
6,166
3,80n
TotAI I'esti'lcted fuilds
19,829
152391
148,267
Totol funds
190,502
209,304
84,145
16 Analysis uf iiet 4s.8et$ be(iYeen fuiid¥
Uni'esti'lcted
ruiid5
Restrleted
fuiid8
GeneK'AI
TotAI lulld
TaLigible fixed asscls
CllrLenl assets
Currenl liabililics
2,083
80,706
20,436
2,083
128,664
(20 436
110,311
47.958
Total n¢18ssels
62,353
47,958
Page 25

Tlie Spccdwell Ti'ust Litiiited
Notes to tlie Flnanclal Stateiiicnts foi. the Yeai. Ended 31 mai.cli 2025
17 Anoly.¥ls of iiet fuiid8
At 31 Mai'cl)
2025
At l Api'll 2024
Cftsli noiv
Casli 41 bank ai)d in I￿nd
105,655
14,798
120,453
Net debt
105,655
14,798
120,453
Page 26