The ARN Foundation Company Limited by Guarantee Trustees, Annual Report (Incorporating the Dlrector's Report) Year ended 24 Jul 2025 The trustees, who are also the directors of the parent charitable company for the purposes of company law, present their report and the financial statements of the charity for the year ended 24 July 2025. Reference and admlnlstratlve detalls Registered charlty name The ARN Foundation Charity registratlon number 109929 Company reglstratlon number N1704203 Principal office and reglstered CIO Maneely Mc Cann office 50 Slranmillis Embankment Belfast Northem Ireland The trustees Alan Nappin Michael Blair Alan Campbell Alice Kerr Jill Holden-Downes Celia Worthinglon Auditor Maneely Mc Cann Audit Limited Chartered Accountants & Statutory Auditor Aisling House 50 Stranmillis Embankment Belfast BT9 5FL Bankers Danske Bank Donegall Square Wesl Belfast BT16JS StTUCture. governance and management The ARN Foundation Limited was registered as an incorporated charity with the Northern Ireland Charity Commission on 29th February 2024 operating under Memorandum and Articles of Association dated 3rd November 2023. New trustees can be appointed at any lime by a resolution of a meeting of the trustees. The ARN Foundation Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (conllnuedj Year ended 24 Jul 2025 Objectives and actlvltles The purpose of the charity is lo provide grants to or for the benefit of any institution which is defined as a charity for the purposes of UK legislation. The charity seeks to benefit other charities which support the purpose5 of advancing health or saving of lives and the relief of those in need by reason of youth. age, ill health, disability, financial hardship or other disadvantage. Support is provided by way of grants with the aim of.. reducing social isolation Improving people's health providing relief 2nd opportunities for the elderly and those suffering with ill health, disability, financial hardship or other disadvantages. or physical or mental health issues promoting community development and citizenship projects improving employment prospects for youth, persons wllh disabllities or other disadvantages funding medical research. end of life care, humanitarian aid, health awareness and promotion projects funding emotional and finaneial support to patients and families funding projects to improve healthcare and research into a number of diseases affecting the public generally or which aim to improve the comfort and wellbeing of patients through the piovision of care, residential facilities and advice. The trustees are satisfied that the purposes of the charity satisfy both ele￿nIS of the public benefit requirement. The ijirecl benefits which flow fiom the purposes are the financial contribution lo or for the benefit of any institution which is a charity as defined by UK legislation. Ml grants are assessed prior to being awarded to ensure the purposes are fulfilled. and also to ensure that the benefits outweigh any polenli81 harm. The beneficiaries of those charitable organisations will be the ultimate beneficiaiies, which will usually be the general public, and whil& specific grants may be more limited in scope, they will be assessed to ensure that the public benefit requirement is fulfilled. Through the assessment process the trustees satisfy themselves that the recipient charities are Charitab￿ ur)der the law of England, Wales. Northern Ireland or Scotland. In addition to direct grants to UK charities decided uFx)n by the Board of Trustees. The Community Foundation for Northern Ireland, which is ilsew a charity, assists the Board in publi¢ising funding rounds to the charitable sector. CFNI assists with assimilating and evaluating applications received for funding and makes recommendations lo the Board. The decision on which charitable projects to support is taken by the Board. Strategic report The following sections for achievements and performance and financial review fomi the strategic report of the charity. The ARN Foundation Company Llmlted by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (¢ontinuedJ Year ended 24 July 2025 Achievgmonts and performance The charity generates funds from Investments and donations. During the period, the eharity recèived donations of £567,098 (including £446,582 of a gift of the issued share capital of the subsldiar￿S and £80,516 from the transfer of funds from cessation of the unincorporated ARN Foundation charity) and made grants of £223,500. During the year, the charity received a gift of 760k of the issued share capital of Green Road Properties Limited and ARN Properties Limited. This has been recognised in the accounts as a gift Sn kind income of £446,582 and as an investment in group undertakings. The subsidiaries will be used lo carry out trading activitses lo support the charity's objectives. The beneficiaries of grants for the period include- Angel Eyes Camphill Communtties Trust IN.1.) Cancer Fund for Children Children to Lapland Cystic Fybrosis Homestart Horalio's Garden Integrated Education Ulster Orchestra Financial review As at 24th July 2025, the charity had unrestricted reserves of £387,380. The charity holds reseNes for future grants. In the year ended 24th July 2025. the parent charitable company had a positive nel movement of £659,197. Trustees. responsibilities ststement The trustees. who are also the directors of the parent charitsble company for the purposes of company law, are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the stale of affairs of the charitable company and the incoming resources and application of resources. including the income and expenditure, for that period. In preparing these financial statements. the trustees are required to: select suitable accounting policies and then apply them consistently- obseNe the methods and principles in the applicable Charities SORP., make judgments and accounting estimates that are reasonable and prudent- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial ststements., prepare the financial statements on the going concern basls unless it is inappropriate lo presume that the charity will continue in business. The ARN Foundation Company Limited by Guarantee Trustees. Annual Report {Incorporating the Director's Report) {¢ontinued) Year ended 24 July 2025 The trustees are responsible for keeplng adequate accounting records th81 are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them lo ensure that the financial slalements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Statement of disclosure of Informatlon to audltors Each of the persons who is a trustee at the date of this report confirms that: there is no relevant audit information of the Charitable Company's consolld8ted finanoal slalements for the year ended 24 July 2025 of which the company's auditors are unaware: and the Iruslee has taken all the steps that they ought to have tsken as their duly as a trustee in order to make themselves aware of any relevant audit information and lo establish that the company's auditors are aware of that information. Small company provlslons This report has been prepared in accordance with the provisions applicable to companies entiued to the small companies exemption. The Iruslees, annual report and the strategic report were approvod on 22 May 2026 and signed on behalf of the board of trLJStees by.. Alan Nappin Dlrector