The ARN Foundation
Company Limited by Guarantee
Independent Audltor's Report to the Members of The ARN Foundation
Year ended 24 July 2025
Opinion
We have audited the financial statements of The ARN Foundation Ilhe 'parent charitable company'l
and ils subsidiaries lthe 'group'l for the year ended 24 July 2025 which comprise the consolidated
staternent of comprehensive income. consolldaled statement of financial position, company slalement
of financial position, consolidated slalement of changes in equity, company statement of changes in
equity. consolidated stslemenl of cash flows and the related notes, including a summary of significant
accounting policies. The financi81 reportlng framework that has been applied in their preparation is
applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting
Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Awpled
Accounting Practice).
In our opinion the financial statements..
give a true and fair view of the slate of the group's and of the parent charitable companls affairs
as at 24 July 2025 and of the group's incoming resources and application of resources, including
ils income and expenditure for the year then ended..
have been properly prepared in accordanee with United Kingdom Generally Accepted
Accounting Practice.,
have been prepared in accordance with the requirements of the Charities Act {Northem Ireland)
2008.
Basis for opinion
We conducted our audit in accordance with Intemational Standards on Audillng IUKI IISAS IUKII and
applicable law. Our responsibilities under those standards are further described In the auditor's
responsibilllles for the audit of the financial statements section of our report. We are independent of
the group and parent charitable company in accordance with the ethical requirements that are relevant
to our audit of the financial statements in the UK, including the FRC'S Elhical Standard, and we have
fulfilled our other elhlc21 responsibilities in accordan￿ with these requirements. We believe that the
audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion.
Conclusions relatlng to going concern
In auditing the financial statements. we have concluded that the trustees, use of the going concem
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfomied. we have not identified any material uncertainties relating to
events or conditions that, individually or collectively. may cast significant doubt on the group or the
parent charitable company's ability lo continue as a going concem for a period of at least twelve
months from when the financial slalements are aulhorised for issue.
Our responslbilillÈs and the responsibilities of the director with respect lo going concern are described
in the relevant sections of this report.

The ARN Foundation
Company Limited by Guarantee
Independent Audltor's Report to the Members of The ARN Foundation (¢onUnued)
Year ended 24 July 2025
Other infomiation
The other information comprises the information included in the trustees. annual report, other than the
financial statements and our auditor's report thereon. The trustees are responsible for the other
information. Our opinion on the financlal statements does not wver the other information and, except
to the extent otherwise explicitly stated In our report, we do not express any form of assurance
conclusion thereon.
In connection with our audit of the financial slalemenls, our responsibility is to read the other
infoTmalion and, in doing so, consider whether the other information is materially inconsislenl with the
financial statements or our knowledge obtained in the audit or otherwise appears lo be materially
misstated. If we identify such material inconsistencies or apparent material misslalements, we are
required to determine whether there is a material misstatement in the financial stslements or a
material misstatement of the other information. If, based on the work we have performed, we conclude
that there is a material misstatement of this other information. we are required lo report that fa¢l.
We have nothing to report in this regard.
Matters on which we are requirad to report by exceptlon
We have nothing lo report In rÈspecl of the followirbg matters in ￿latiOn to which the Charities
IAccounls and Reports) Regulallons {Northern Ireland) 2015 require us lo report lo you if. in our
opinion..
the informallon glven in the trustees. report is inconsislenl in any malerlal respect ￿th the
financial slalements.. or
sufficient accounting records have not been kept- or
the financial statements are not in agreement with the accounting records.. or
we have not received all the information and explanations we require for our audit.

The ARN Foundation
Company Limited by Guarantee
Independent Audltor's Report to the Members of The ARN Foundation (conlimiedj
Year ended 24 July 2025
Responsibilities of trustees
As explained more fully in the trustees, responsibilities statement. the trustees (who are also the
directors of the parent charitable company for the purposes of company law) are responsible for the
preparation of the financial statements and for being satisfied that they give a true and fair wew, and
for such internal control as the trustees determine is necessary to enable the preparation of financial
statements that are free from material misslalemenl, whether due lo fraud or error.
In preparing the financial statements. the trustees are iesponsible for assessing the group's and the
parent charitable company's ability lo continue as a going concern, disclosing, as applicable, mallers
related lo going concern and using the going concern basis of accounting unless the trustees either
intend to liquidate the group or the parent charitable company or to cease operations, or has no
realistic alternative but to do so.
Audltor's responsibilities for the audit of the flnancial statements
We have been appointed as auditor under section 6512}3 of the Charities Act (Northem Irelandl 2008
and report in accordanee with the Act and relevant regulations made or having effect Ihereunder.
Our objectives are lo obtaln reasonable assurance about whether the financi81 statements as a whole
are free from material misslalemenl, whether due to fraud or error. and to issue an auditor's report thal
includes our opinion. Reasonable assurance is a high level ol assurance bul is not a guarantee that an
audit conducted in accordance with ISAS IUKI will always delecl a material misslalemenl when It
exists. Misstatements can arise from fraud or error and are considered material if, individually or in the
aggregate, they could reasonably be expected lo influence the economic decisions of users tsken on
the basis of those financial stalemenls.
Irregularllles. Including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities. outlined above, to delecl material misstatements in respect
of irregularilles. irtcluding fraud. The exlenl to which our procedures are capable of detecting
irregularities. including fraud is detailed below-.
Identifylng and assessing potential risks related to Irregularltles
In identifying and assessing risks of material misstatement in respect of irregularities. including fraud
and non-compliance with laws and regulations, we considered the following:
the nature of the Industry and sector, control environment and business performance including
the design of the Group's remuneration policies, key drivers for directors, remuneration, bonus
levels and performance targets-.
results of our enquiries of management about their own identification and assessment of the
risks of irregularities.
any matters we identified having obtained and reviewed the Group's documentation of their
policies and procedures relating to:
identifying, evaluating and complying with laws and regulations and whether they were aware
of any instances of non•compliance'
delecling and responding to the risks of fraud and whether they have knowledge of any actual,
suspected or alleged fraud.,

The ARN Foundation
Company Limited by Guarantee
Independent Auditor's Report to the Members of The ARN Foundation (conlirtU8dJ
Year ended 24 July 2025
the internal controls estsblished to mitigate risks of fraud or non-compliance with laws and
regulations;
the matters discussed among the audit engagement team regarding how and where fraud
might occur in the financial statements and any potential Indicators of fraud.
In common with all audits under ISAS IUKI, we are also required to perform specific procedures to
respond to the risk of management override.
We also obtained an unclerstanding of the legal and regulatory frameworks that the Group operates in,
focusing on provisions of those laws and regulations that had a direct effect on the delerminalion of
material amounts and disclosures in the financial slalerftgnls. The key laws and regulations we
considered in this context included the Companies Act 2006, Taxation Legislation. Charities Act
(Northern Ireland) 2008 and Charities (Accounts and Reports) Regulations {Northern Ireland) 2015.
Audlt response to risks idèntified
Our procedures to respond to risks identified included the following=
Teviewing the financial statement disclosures and lesling lo supporting documentslion to
assess compliance with provisions of relevant laws and regulations described as having a
direct effect on the financial slalemenls.,
enquiring of management and external legal counsel conceming actual and potential litigation
and claims;
perfomiing analytical procedures lo identrfy any unusual or unexpected relationships that may
indicate risks of material misstatement due lo fraud:
reading minutes of meetings of those charged wlh governanee and reviewing
correspondence with HMRC and The Charity Commission for Northern Ireland- and
in addressing the risk of fraud through management override of controls, testing the
appropriateness of journal entries and other adjustments,. assessing whether the judgements
made in new making accounting estimates are indicative of a potential bias., and evaluating
the business rationale of any slgnlficanl transactions that are unusual or outside the normal
course of business.
We also communicated relevant identified laws and regulations and potential fraud risks to all
engagement team members and remained alert lo any indicats'ons of fraud or non-complian￿ with
laws and regulations throughout the audit.
As part of audit in accordance with ISAS IUKI, we exerclse professional judgment and maintain
profession81 sceplicism throughout the audit. We also..
Identify and assess the risks of material misst8tement of the financial slatemenls, whether due to
fraud or error, design and perform audit pn)cedures responsive to those risks. and obtain audit
evidence that is sufficient and appropri8te to provide a basis for our opinion. The risk of not
detecting a material misstatement resulting from fraud is higher than for one resulting from error.
as fraud may involve collusion. forgery. intentional omissions, misrepresentations, or the override
of internal control.

The ARN Foundation
Company Limited by Guarantee
Independent Auditor's Report to Ihe Members of The ARN Foundatlon fcoTrtinuod)
Year ended 24 July 2025
Obtain an understanding of intemal control relevant to the audit in order to design audit
procedures that are appropriate in the elrctsmstances, but not for the purwse of expressing an
opinion on the effectiveness of the charltable company's inlemal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disciosures made by the Iruslees.
Conclude on the appropriateness of the trustee's use of the going concern basis of accounting
and, based on the audit evidence obtained, whether a material un￿rtainlY exists related lo
events or conditions that may east significant doubl on the group's or the parent charitable
company's ability to continue as a going concern. If we conclude that a material uncertainty
exists, we are required lo draw attention in our auditor's report lo the related disclosures in the
financial slalemenls or. if such disclosures are inadequate. to modify our opinion. OLFr
eonclusions are based on the audit evidence obtained up to the date of our auditor's report.
Howevei, future events or conditions may cause the group or the parent charitable company to
cease lo continue as a going concern.
Evaluate the overall presentation. structure and content of the financial slatemenls, Including the
disclosures, and whether the financial statements represent the underlying transactions and
events in a manner that achieves falr presentation.
Plan and perfomi the group audit lo obtain sufficient appropriate audll evldence regarding the
financial information of the entities or business activities within the group to express an opinlon
on the group financial stalemenls. We are responsible for the direction, supervision and
performance of the group audit. We remain solely responsible for our audit opinion.
We communlcale with those charged with governance regarding, among other matters, the planned
scope and timing of the audit and significant audit findings, including any significant deficiencies in
internal control that we identify during our audit.
Use of our report
This report is made solely lo the charitable company's Iruslees, as a body, in accordance with Part 4
of the Charities (Accounts and Reports) Regulations (Northern Ireland} 2015. OUT audit work has been
undertaken so that we might state lo the charitable company's trustees those matters we aTe required
to slate to them in an auditor's report and for no other purpose. To the fullest exlenl permilled by law.
we do not accept or assume responsibility to anyone other than the charitable company and the
charitable company's trustees as a body. for our audit work, for this report, or for the opinions we have
formed.
Calhal Maneely (Senlor Ststutory Auditor)
For and on behalf of
Maneely Mc Cann Audit Limited
Chartered accountants & slalutory auditor
Aisling House
50 Slranmillis Embankment
Belfast
BT9 5FL
22 May 2026