Charity registration number 103536 (Northern Ireland)
Company registration number NI016968
ARDFOYLE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
ARDFOYLE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr J McFarland
Mrs M McFarland
Mrs I Allister
Mr R Webster
Mrs K Graham
Secretary
A Wilson
Charity number (Northern Ireland)
103536
Company number
NI016968
Independent examiner
Kieran Magill
Xeinadin NI Ltd
2 Church Street
Ballygawley
Co Tyrone
Northern Ireland
BT70 2HB
ARDFOYLE TRUST
CONTENTS
Page
Trustees' report
1
Independent examiner's report
2
Statement of financial activities
3
Balance sheet
4
Notes to the financial statements
5 - 10
ARDFOYLE TRUST
TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 1 -

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the 's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: 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 (FRS 102)".

Objectives and activities

The company aims to continually support its charitable activities during the year.

Achievements and performance
Significant activities and achievements against objectives

During the current financial year the company has continued to support various charitable activities.

Financial review
Plans for future periods

The company will continue to support its charitable activities in the future through charitable donations and gift aid.

Structure, governance and management

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr J McFarland
Mrs M McFarland
Mrs I Allister
Mr P Graham
(Resigned 13 March 2026)
Mr R Webster
Mrs K Graham
Recruitment and appointment of trustees

The company is governed by the members throughout the year on a rotational basis.

The Trustees' r eport was approved by the Board of Trustees.

A Wilson
30 June 2026
ARDFOYLE TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF ARDFOYLE TRUST
- 2 -

I report on the financial statements of the for the year ended 30 September 2025, which are set out on pages 3 to 10.

Respective responsibilities of charity Trustees and examiner

As the charity Trustees (and also the directors of the company for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, it is my responsibility to:

- examine the financial statements under section 65 of the Charities Act (Northern Ireland) 2008;

- follow the procedures laid down in the general Directions given by the Commission under section 65(9)(b) of the Charities Act (Northern Ireland) 2008; and

- state whether particular matters have come to my attention.

Basis of independent examiner's report

I have examined your charity financial statements as required under section 65 of the Charities Act (Northern Ireland) 2008 and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also included consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as charity trustees concerning any such matters.

My role is to state whether any material matters have come to my attention giving me cause to believe that:

- 1. Accounting records were not kept in accordance with section 386 of the Companies Act 2006; or

- 2. The financial statements do not accord with those accounting records; or

- 3. The financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102); or

- 4. There is further information needed for a proper understanding of the financial statements to be reached.

Independent examiner's statement

Since the ’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 65 of the Charities Act (Northern Ireland) 2008. I confirm that I am qualified to undertake the examination because I am a member of Chartered Accountants Ireland, which is one of the listed bodies.

I have completed my examination and I have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.

Kieran Magill
Xeinadin NI Ltd
2 Church Street
Ballygawley
Co Tyrone
BT70 2HB
Northern Ireland
30 June 2026
ARDFOYLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 3 -
Unrestricted
Unrestricted
funds
funds
2025
2024
Notes
£
£
Income from:
Donations and legacies
3
267,297
215,441
Investments
4
12,735
24,441
Total income
280,032
239,882
Expenditure on:
Charitable activities
5
120,136
118,212
Total expenditure
120,136
118,212
Net income and movement in funds
159,896
121,670
Reconciliation of funds:
Fund balances at 1 October 2024
As originally reported
876,131
748,961
Prior year adjustment
(5,500)
-
As restated
870,631
748,961
Fund balances at 30 September 2025
1,025,027
870,631
WARNING: C/fwd reserves do not match grid totals
5,500
-

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

ARDFOYLE TRUST
BALANCE SHEET
AS AT
30 SEPTEMBER 2025
30 September 2025
- 4 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
11
459,289
459,291
Current assets
Debtors
12
61,625
67,504
Cash at bank and in hand
507,093
347,839
568,718
415,343
Creditors: amounts falling due within one year
13
(2,980)
(4,003)
Net current assets
565,738
411,340
Total assets less current liabilities
1,025,027
870,631
The funds of the
Unrestricted funds
14
1,025,027
870,631
1,025,027
870,631

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 September 2025.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 30 June 2026
Mr R Webster
Company registration number NI016968 (Northern Ireland)
ARDFOYLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 5 -
1
Accounting policies
Charity information

Ardfoyle Trust is a private company limited by guarantee incorporated in Northern Ireland. The registered office is .

1.1
Basis of preparation

The financial statements have been prepared in accordance with the 's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: 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 (FRS 102)". The is a Public Benefit Entity as defined by FRS 102.

The has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.

The financial statements are prepared in sterling, which is the functional currency of the . Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the .
1.4
Income
Income is recognised when the is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
ARDFOYLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 6 -
1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

[Property rented to a group entity is accounted for as tangible fixed assets.]

1.7
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the 's balance sheet when the becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

ARDFOYLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 7 -
Derecognition of financial liabilities

Financial liabilities are derecognised when the ’s contractual obligations expire or are discharged or cancelled.

1.9
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Critical accounting estimates and judgements

In the application of the ’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Income from donations and legacies
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Donations and gifts
265,822
212,387
Grants
1,475
3,054
267,297
215,441
Donations and gifts
The Elizabeth Blair Trust
259,922
200,000
Other
5,900
12,387
265,822
212,387
ARDFOYLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 8 -
4
Income from investments
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Rental income
6,500
20,533
Interest receivable
6,235
3,908
12,735
24,441
5
Expenditure on charitable activities
Charitable activities
Charitable activities
2025
2024
£
£
Direct costs
Expenditure on charitable activities
115,665
114,517
Share of support and governance costs (see note 6)
Support
2,426
1,648
Governance
2,045
2,047
120,136
118,212
Analysis by fund
Unrestricted funds
120,136
118,212
6
Support costs allocated to activities
Charitable activities
Total
2025
2024
£
£
Rates and water
717
-
Insurance
1,575
1,583
Sundry
69
-
Bank Interest
65
154
Governance
2,045
1,958
4,471
3,695
ARDFOYLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 9 -
7
Net movement in funds
2025
2024
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable to the charity's independent examiner:
- for the independent examination of the charity's financial statements
1,680
1,600
- for other financial services
440
440
8
Trustees
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the during the year.
9
Employees

The average monthly number of employees during the year was:

2025
2024
Number
Number
Trustees'
6
6
Secretary
1
1
Total
7
7
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel
10
Taxation

The charity is exempt from tax ation on its activities because all its income is applied for charitable purposes.

11
Investment property
2025
£
Fair value
At 1 October 2024 and 30 September 2025
459,289

The trustees consider that the investment properties are shown at fair market value.

12
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
18,950
20,950
Other debtors
42,675
46,554
61,625
67,504
ARDFOYLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 10 -
13
Creditors: amounts falling due within one year
2025
2024
£
£
Other taxation and social security
1,380
2,403
Accruals and deferred income
1,600
1,600
2,980
4,003
14
Unrestricted funds

The unrestricted funds of the charity compri se the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be use d. The se include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 October 2024
Incoming resources
Resources expended
At 30 September 2025
£
£
£
£
General funds
870,631
280,032
(120,136)
1,030,527
Previous year:
At 1 October 2023
Incoming resources
Resources expended
At 30 September 2024
£
£
£
£
General funds
748,961
239,882
(118,212)
870,631
15
Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

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