REGISTERED COMPANY NUMBER: 09943640 (En8land and Wales)
REGISTERED CHARITY NUMBER: 1167662 IEn8land and Wales)
REGISTERED CHARITY NUMBER: SC047537 Iscotland)
REPORT OF THE TRusfEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
FOR
HERITAGE TRUST NEfwoRK
J W Hinks
Chartered Accountants
19 Highfleld Road
Ed8ba5ton
Birmingham
B15 3BH

HERITAGE TRUST NETWORK
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PaBe
Report of the Trustees
Independent Examlner's Report
Statement of Flnanclal Actlvltles
Balance Sheet
Notes to the Flnan¢lal Statements
9 to 19

HERITAGE TRusf NETWORK {REGISTERED NUMBER: 09943640)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The trustees who are also directors of the charity for the purposes of the Companles Act 2006, present their report with the
financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of 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 IFRS 1021 leffettive l January 20191.
oBJE￿IVEs AND ACTIVITIE5
Objectives and aims
The Charity'5 purposes as set out in the objects contained in the Articles of A550Ciation are to advance the educatlon of the
public in the preservatlon of the historlcal. architectural and construttional heritage of the physical envlronment of the United
Kingdom
Through public education we support not-for-profit organisations to rescue, restore, adapt and find new uses for and manage
historic building5. Structures and land5cape5.
Ensurlng our work dellvers our aim5
We review our aims, objectives and activities each year. During this year the 5trateglc plan developed in the previous year was
translated into an action plan for the organisation. Throughout the year the Trustees received reports from the staff team on
their work and the progress towards our objectives and actions to ensure our aims were being met.
We have referred to the 8uldance contained in the Charity Commlsslon's 8eneral guidance on public benefit when revlewln8
our aims and oblectlves and in plannin8 our future actlvltSes. In particular, the board consldered how planned actlvltles wlll
contribute to the alms and objectives they have set.
The focus of our work
The focus of our work for the year contlnued to be helping our members to meet together, exchange inforrnation, learn from
each other and gain access to expert help and advice. We promoted our members work and represented their Interests to
Government bodies. Funders and others.
Heritage Trust Network provldes publlc benefft
y supporting our members and encouraging them to restore and care for historic sites we help to create newjobs, workplaces,
retail and leisure facilities and visitor attractions. This helps to regenerate communitles, remove eyesores and reduce the
number of historic buildings at risk. Throu8h the work of our members we help people to revitalise these local assets and
en8age others In the herita8e that is important to them.
ACHIEVEMENT AND PERFORMANCE
Durin8 the year the Network continued to 8row its membershlp and facilitate increased networkin8 and peer-to-peer support
and learning. Membership grew from 702 or8anisations and indlviduals at the beginning of the year to 841 at the end, The
diversity of members a150 grew with many more community organisations located in historic buildings joining us. The
Network's income grew significantlytr mainly due to a large increase in grant income, but there were also significant increa5e5
in membership, events and sponsorshlp income.
The Network continued to work in partnerships with other significant or8anisation5 in the sector. The Architectural Heritage
Fund remain key partners and both team5 continue to collaborate in support of member5 across the UK. We work closely with
the National Lottery Heritage Fund, not just as funders of our biggest projects, but also responding to sector need5 that their
staff have identified, such as throu8h our outreach projett. and inviting their staff on national committees and our conference
steering group. Relationships were stren8thened with Historic En8land and Historic Environment Scotland while Cadw and
Department for Communities (Northern Ireland) were engaged more closely with the Network's work. In Scotland we have
partnered with Scottlsh Historlc Churches Trust and Churches Conservation Trust for our work with communities taking
ownership of churches and we are active members of the Make Your Mark volunteerin8 initiatlve. We have involved Locality
and the Audience Agency to help us deliver our work.
The Ne￿Ork provided support to members through theyear by..
Providing on-dernand advice and supportto members, where appropriate linkingthemto other members who havefaced
similar challenge5 or other sources of expertise.
Page I

HERITAGE TRUST NETWORK (REGISTERED NUMBER: 09943640)
REPORT OF THE TRUSTEES
FOR ThE YEAR ENDED 31 MARCH 2024
ACHIEVEMENT AND PERFORMANCE- Continued
Developing and expanding our Toolkit of resources to support members with a wide range of issues facing their
organisations and the Talent Bank of recommended professional experts.
Working with volunteers and partners throughout the UK'S to organise networking and peer-learning events both online
and in person. There were over 1,300 attendances at Network events.
The successful Network annual conference held in Newcastle/Gateshead showcasing community heritage in North East
England and allowing delegates to visit a wide range of historic sites and projects around the city. It wa5 attended by 217
people.
Representing members, interests to the UK and devolved Governments, funders and other Stakeholders. During the year
the Network continued to undertake short polls of members and participate more in the activities of the Heritage Alliance
to influence the Government policy regarding England, the Built Environment Forum Scotland, Wale5 and Northern Ireland
the Network's committees engaged with the devolved Governments.
The Network's Youth Forum continued to meet, bringing together young professionals and students in the heritage Sector. The
reputation of the Forum continues to grow. A highlight was their take-over of Historic England's online discussion platform
which had the most en8a8ement ever durln8 that day.
Essentlal Networks
During the year the development phase of this National Lottery Herlta8e Fund project was completed. The project enabled us
to engage expert consultants to review the Network's activitie5 and 5V5tems. to test new setvices and activities and to develop
new strategic plan.
Communlty Herltage
Thi5 funding from Historic England supported the employment of the Network's Chief Executive and Membership Officer to
ensure the delivery of activity and member 5UPPOrt in England. This was the second of three year5 for this project.
Hlgh Streets Events
In 2023-24 a series of High Street regeneration events throughout the UK was delivered independently by the Network. Good
attendances were achieved and engagement from local authorities was strong.
Dlgital Heroes
This project began at the beginnlng of March 2022 and launched a new stream of digital volunteering by linking young people
with a small and medlum-sized heritage organisations in need of hands-on support with digital. This project came to an end
durin8 thi5 year but the activity was incorporated into our mainstream work.
Scotland
This was the first year Historic Environmental Scotland funded us dlrectly for the Work of the Development Officer for Scotland
and a heritage trainee for Scotland. This has expanded the support we offer to members in Scotland, organising events and
providing them with advice and signposting support. At Historic Environment Scotland's suggestion, we successfully applled
for fundin8 to extend the traineeships from 6 to 12 Months. The Network, workin8 With partner or8anisations, continued to
bring tO8ether, and produce resources for, communities worklng ro secure the future of our churches.
Wales & Northern Ireland
Funding was received from Cadwto support work in Wales and sponsorshipfrom the Departmentfor Communitles to support
work in Northern Ireland.
Governance
Lorraine Bell Left the board after serving the maximurn 5ix- year term. Emma Berry was recruited to replaced her as Trustee
for Scotland.
Page 2

HERITAGE TRUST NETWORK (REGISTERED NUMBER: 09943640)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
ACHIEVEMENT AND PERFORMANCE- Contlnued
Volunteers
We would also like to record thanks to the large number of volunteers who make a significant contribution to the Network.
This includes the board of dirertors, members of national committees in England, Northern Ireland, Scotland and Wales. the
Youth Forum and the Network Development Group that helped support the Essential Networks project, member across the
UK who help to organise and facilitate meetings and contribute to discussions. Most member organisations are either
volunteer-run or volunteers play a significant role. Support from the Network enables these organisations to be more effective
in achieving their aims and objectives, meanin8 that the volunteers develop the skills and capacity to make a difference within
their communities.
FINANCIAL REVIEW
Financial posltlon
The Statement of Flnanclal Activlties for the year ended 31 March 2024 shows incoming resources of £462.431 12023
£378,091) and resources expended of £453,10512023- £368,236), generating an excess of Income over totalling £9,32612024
£9,855).
As a result, Herltage Trust Network's net assets have increased from £117,035 as at 31 March 2023 to £126,361 as at 31 March
2024,
The reserves are primarily to deal wlrh unforeseen contingencles and to invest in developln8 future activitles.
Reserves pollcy
In determining the level of reserves the Company requires, the trustee5 have considered guidance from the Charity
Commission. Thls covers unforeseen emergencies, contingencies, costs for a period following loss of income, planned
Investment and provision for cashflow. In our opinion, while our current level of reserves does not give cause for concern, we
need to continue to build our reserves to be fully compliant with this guidance. As at March 2024, Heritage Trust Network had
unrestricted reserves of £112,881. These would ensure continued operation of the Charity at full level for 3 months or at
basic level for 12 months.
Golng concern
The financial statement5 have been prepared on a going concern basis as the trustees believe that no materlal uncertaintie5
exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months
from authorising these financlal statement5. The expected level of income and expenditure 15 sufficlent with the level of
reserves for the charity to be able to continue a5 a going concern.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governln8 document
Heritage Trust Network is a company limited by guarantee in England and Wales Ire8lStered number 099436401 which was
incorporated on 11 January 2016 and achieved charitable status in England and Wales on 15 June 2016 Iregi5tered number
11676621 and in Scotland on 28 June 2017 Ire815tered number SC0475371.
Heritage Trust Network was established under a Memorandum of Association and the objects, power5 and procedures for
governance of Heritage Trust Network are set out in its Articles of A550ciation. In the event of Herita8e Trust Network bein8
wound up members are required to contribute an amount not exceeding £1.
Reciuitrnent and appolntment of new trustees
As set out in Heritage Trust Network'5 Articles of Association, new trustees are appointed by the Board of Trustees after
applyin8 to Heritage Trust Network in the form required by the trustee5 and after being approved by the Board of Trustees.
All trustee5 give their time voluntarily and receive no benefit5 from Heritage Trust Network. Any expenses reclaimed from
Heritage Trust Network are set out in the notes to the financial statements.
Page 3

HERITAGE TRUST NETWORK (REGISTERED NUMBER: 09943640)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Risk management
The trustees have a duty to identlfy and review the risks to which the charlty Is exposed and to ensure appropriate controls
are in place to provide reasonable assurance against fraud and error.
The trustees have examined the major strategic, business and operational risks that the charlty faces and confirm that systems
have been established to enable regular reports to be produced so that necessary steps can be taken to lessen these risks.
REFERENCE AND ADMINISTRATIVE DETAILS
Reglstered Company number
09943640 (England and Wales)
Re8lstered Charlty number
1167662 (England and Wales)
SC047537 Iscotlandl
Re8lstered offlee
Coffin Works
13-15 Fleet Street
Birmingham, West Mldlands
B3 IJP
Trustees
Jeremyjohn Fenn
Loraine Bell
Hopwood DePree
Adam L J Hltchings
Martin D Hulse
Lisa Antonia Brausem
George Alan Clarke
Mlchael Robert Guv
Alice Jane Ullathorne
Manminder KaurAthwal
Fleur Elkerton
Karen Hazel Rushbv
Emma Louise Rose Berry
Chairperson
Resigned 30 November 2023
Appointed 8 December 2023
Secretary
David fittle
Independent Examlner
P E Smlth ACA
J W Hinks
Chartered Accountants
19 Highfield Road. Edgbaston
Birmingham, 815 3BH
Bankers
Natwest Bank plc
I St Phillp's Place
Bimiingham, 83 2PT
Approved by order of the board of trustee5 0
cember 2024 and signed on it5 behalf by:
Jeremy John Fenn - Chairperso
Page 4

INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF
HERITAGE TRUST NETWORK
Independent examiner's report to the trnstees of Heritage Trust Network ('the Company,)
I reportto the charity trustees on my examination of the accounts of the Companyfor the year ended 31 March 2024.
Responslbllities and basis of report
As the charity's trustees of the Company {and also its dlrectors for the purposes of company lawl you are responsible for the
preparation of the accounts in accordance with the requlrements of the Companies Act 21XJ61'the 2￿6 Act'l.
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are
eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under
section 145 of the Charities Act 20111'the 2011 Act'l. In carryin8 Out my examination I have followed the Directions given by
the Charity Commission under section 145151 Ibl of the 2011 Art.
Independent examlner's ststement
Slnce your charltws gross income exceeded £250,000 your examlner must be a member of a listed body. I can confirm that I
am quallfled to undertake the examlnatlon because l am a reglstered member of ICAEW which is one of the listed bodies.
I have completed my examination. I conflrm that no matters have come to my attentlon Sn connection with the examlnation
glvlng me cause to believe:
accounting records were not kept in respect of the Company as required by sertlon 386 of the 2006 Act; or
the accounts do not accord with those record5: or
the account5 do not comply with the accountlng requirements of sectlon 396 of the 2006 Att other than anv
requirement that the accounts 8ive a true and fair vlew which is not a matter considered as part of an independent
examination,. or
the account5 have not been prepared in accordance wlth the methods and prlnciple5 of the Statement of
Recommended Practice for accounting and reporting by charitie5 lappllcable to charlties preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211.
I have no concerns and have come acr055 no other matters in connection with the examination to which attention Should be
drawn in thi5 report in order to enable a proper understanding of the accounts to be reached.
P E Smith ACA
Chartered Accountant
J W Hinks
Chartered Accountants
19 Hl8hfield Road
Edgbaston
Birmingham
815 3BH
12 December 2024
Page 5

HERITAGE TRusf NETWORK
STATEMENT OF FINANCIAL ACtivtriES
FOR THE YEAR ENDED 31 MARCH 2024
2024
Total
funds
2023
Total
funds
Unrestricted
fund
Restricted
funds
Notes
INCOME AND ENDOWMENTS FROM
Charltsble actlvltles
Grants receivable
7.595
360,258
367,853
293,562
Other tradlng actlvities
94,578
94,578
84,529
Total
102,173
360,258
462N31
378,091
EXPENDITLIRE ON
Charltable a¢tl¥ltles
Grants
Dlrect costs
Support costs
41516
4,500
308,340
47,418
4,500
379,552
69,053
71,212
21,635
316,782
51,454
Total
92,847
360,258
453.105
368,236
NET INCOME
9,326
9,326
9,855
RECONCIUATION OF FUNDS
Total funds brought forward
117,035
117.035
107,180
TOTAL FUNDS CARRIED FORWARD
126,361
126,361
117,035
The note5 form part of these financial statements
Page 6

HERITAGE TRUST NEfwoRK (REGISTERED NUMBER: 09943640)
BALANCE SHEET
31 MARCH 2024
2024
2023
Notes
FIXED ASSErs
Tangible assets
12
1,922
2,015
CURRENT ASSETS
Debtors and accrued income
Cash at bank
13
93,168
79,928
69,089
116,223
173.096
185,312
CREDITORS AND DEFERRED INCOME
Amounts falling due within one year
14
{48,657)
170.2921
NET CURRENT ASSErs
124,439
115,020
TOTAL ASSETS LESS CURRENT LIABILITIES
126,361
117,035
ASSET511LIABILITIES)
126,361
117,035
FUNDS
Unre5trlcted funds
General Fund
16
126,361
117,035
TOTAL FUNDS
126,361
117,035
The charltable company is entltled to exemption from audlt under Section 477 of the Companies Act 2006 for the year ended
31 March 2024.
The members have not required the company to obtain an audlt of its financial statements for the year ended 31 March 2024
in accordance with Section 476 of the Companles Act 2006.
The trustees acknowledge their respon51billties for
ensurin8 that the charitable company keeps accountlng records that comply with Sectlons 386 and 387 of the
Companies Act 2006 and
preparing f inancial statements which give a true and falr vlew of the state of affalrs of the charitable company as at
the end of each financial year and of Its surplus or deficit for each financial year In accordance with the requirements
of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relatin8 to
flnanciol statements, so far as applicable to the charitable companv.
Ibl
The notes form part of these financial statements
Page 7
continued...

HERITAGE TRUST NETWORK (REGISTERED NUMBER: 09943640)
BALANCE SHEET- Continued
31 MARCH 2024
These financial Statements have been prepared in accordance with the provislons applicable to charitable companles subjett
to the small companies regime.
The finoncial Statements were approved by the Board of Trustees and authori5ed for issue on 12 December 2024 and were
Sl8ned on its behalf by:
Jeremy John Fenn - Chairperson
The notes form part of these financial statements
Page 8

HERITAGE TRusf NETWORK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENOED 31 MARCH 2024
ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENT5
General informatlon
Heritage Trust Network is a private company limited by guarantee registered in England and Wales Iregi5tered company
number 099436401 and is registered as a charity in England and Wales Iregistered charity n umber 11676621 and a5 a
charity in Scotland Ire8lStered charity number SC0475371.
The address of Heritage Trust Network's registered office 15 Coffin Works, 13 15 Fleet Street, Birmingham, West
Midlands, 83 IJP.
Accountlng conventlon
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in
accordance wlth the Charities SORP IFRS 1021 "Accounting and Reporting by Choritles.. Statement of Recommended
Practice appllcable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable
in the United Kingdom and Republic of Ireland IFRS 1021 (effective l January 20191 Financial Reporting Standard 102
The Finaftclal Reportlng Standard appllcable in the UK and Republic of Ireland the Cornpanie5 Act 2006 and the
Charities Act 2011,
The financial statements have been prepared usln8 the historlc cost convention and are presented in sterllng whlch is
the functlonal currency of the charlty, rounded to the nearest £1.
The significant accounting policies applied In the preparation of these flnancial statements are set out below. These
pollcie5 have been consistently applled to all years presented unless otherwise Stated.
Cofflpany status
Heritage Trust Network is a company limlted by guarantee. In the event of Heritage Trust Network being wound up
the liability in respect of the guarantee Is limited to £1 per member of Herita8e Trust Network.
Golng concern
The financial statements have been prepared on a 80in8 concern basis as the trustees belleve that no materSal
uncertaintles exlst. The trustees have considered the level of funds held and the expected level of Income and
expenditure for 12 months from authorislng these financial statements. The expected level of income and expenditure
Is sufficient with the level of reserves for the charity to be able to contlnue as a going concern,
FINANCIAL REPORTING STANDARD 102 - REDUCED DISCLOSURE EXEMPTIONS
The charitable cornpany has taken advantage of the following disc105ure exemptions In preparin8 these flnanclal
statement5, as perrnitted by FRS 102 'The Financial Reporting Standard applicable in the U K and Republic of Ireland,:
the requirements of Settion 7 Statement of Cash Flows,.
the requirement of Sectlon 3 Financial Statement Presentation paragraph 3.17ldl,'
the requirements of Section 11 Financial Instruments paragraphs 11.41lbl, 11.41lcl, 11.41lel, 11.41lfl, 11.42.
11.44, 11.45, 11.47, 11.481alliiil, 11.48lallivl, 11.48lbl and 11.48lcl;
the requirement5 of Section 12 Other Financial Instruments paragraphs 12.26, 12.27, 12.29lal, 12.29lbl and
12.29A.
INCOME
All Income is recognlsed in the Statement of Financial Activities once the charity has entitlement to the funds. it is
probable that the income will be received and the amount can be measured reliably.
Income from trading activities Includes income earned from membership subscriptions and trading activities to raise
funds for the charity. Incorne is received in exchange for Supplying goods and services in order to raise funds and is
recognised when entitlement ha5 occurred.
Page 9
continued...

HERITAGE TRUST NETWORK
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES - contlnued
INCOME
The charity receives grants from other third parties in respect of its activltles. Income from grants from other third
parties is recognised at fair value when the charity has entitlement after any performance conditions have been met,
it is probable that the Income will be received and the amount can be measured reliably. If entitlement is not met then
these amounts are deferred.
EXPENDITURE
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to
that expenditure, 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 accounted for on an accruals basis and ha5 been classified under heading5 that aggregate all cost related
to the cate80ry. Where costs cannot be directly attributed to particular headin8S they have been allocated to activities
on a basis con515tent with the use of resources.
Expendlture Is cate8orised under the following headlngs.
o Expenditure on charitable activities.
o Other expenditure representing those items not fallln8 Into the above categories.
Support costs are those that assist with the work of the charity but do not directly represent charitable activlties and
include offlce c05tS* governance costs and other administrative cost5.
TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each a55et over its estimated useful life.
Fixture and fittings
Computer equipment
20% on cost
33% on cost
The gain or loss arlsing on the di5P05al of an asset is determlned a5 the difference between the sale proceeds and the
carrying value of the asset and Is recogni5ed in net income/lexpendlturel for the year.
TAXATION
The charity Is exempt from corporation tax on Its charltable actlvlties.
CASH AND CASH EQUIVAIENTS
Cash and cash equivalents include cash in hand and deposlts held at call with banks. Bank overdrafts are shown within
borrowings in current liabilities.
PENSION COSTS AND OTHER POST-RETIREMENT 8ENEFITS
Contributions to the personal pension scheme5 of certain employees are charged to the Statement of Financlal
Activities in the period in which they relate. The asset5 of these personal pension scheme5 are held separately from
those of Heritage Trust Network in independently administered fund5.
EMPLOYEE BENEFIT5
When employees have rendered service to Heritage Trust Network, short-term employee benefits to which the
employees are entitled are recognised at the undi5counted amount expected to be paid in exchange for that service.
The cost of any unused holiday entitlement is recogni5ed in the period in which the employee'5 Services are received.
Termination benefit5 are recognised immediately as an expense when Herltage Trust Network is demonstrablv
comrnitted to terminate the employment of an employee or to provide termination benefits.
Page 10
continued...

HERITAGE TRUST NEfwoRK
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES- contlnued
FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objectives at the dlscretion of the trustees.
Restricted funds can only be used for particular restrirted purposes within the objerts of the charity. Restrictlons arise
when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the note5 to the financial statements.
FINANCIAL INSTRUMENTS
The charlty only has financial a55ets and financial liabllities of a klnd that quallfy a5 basic flnancial instruments.
Baslc financial Instruments are Inltially recognised at transaction value and subsequently measured at amortised cost.
CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS
In the applicatlon of Heritage Trust Network's accountlng policies, the trustees are required to make Judgements,
estlmates and assumptions about the carrylng amount of assets and liabilities that are not readily apparent from other
sources.
The estlmates and underlyin8 assumptions are reviewed on an on80ing ba515. Revlsions to accountlng estimates are
recogni5ed in the period in whlch the estimate is revised where the revision affects only that period or in the period of
the revision and future perlods where the revision affects both current and future periods.
OTHER TRADING ACTIVITIES
2024
2023
Subscription fees
Open Hi8h Streets
Other income
Conference income
Other event Income
32,573
30,000
467
21,489
2,910
34,160
13,628
94,578
84,529
Page 11
continued...

HERITAGE TRusf NEfwoRK
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2024
INCOME FROM CHARITABLE AcfiviTIES
Grants recelved in the year were as follows:
Unrestrlrted
funds
Restricted
funds
2024
2023
Hlstorlc Environment Scotland
Scotland Fund
62,433
62,333
43,333
Historic En8land -
Capacity Building fund
69.026
69,026
51,440
National Lottery- Essential Networks
176,413
176,413
9,845
National Lottery
Dlgital Heroes Fund
33,572
35,572
53,295
National Lottery Heritage Fund-
Unlocklng the Power of Communltie5 Fund
85,772
Laverton Trust
34,063
Department for Communitle5-
Northern Ireland
5,000
5.000
DWP Grant
2,595
2,595
Cadw-
Wales fund
18,814
18A14
10,814
7,595
360,258
367,853
293,562
Grants paid
2024
2023
Mechanics Institute Trust- Network Academy Grant
Ryde Society
Middleton Hall and Gardens
Splisby Sessions House
Govanhill Baths
Open Arms Kington
Archbishop's Palace Conservation Trust
In Your Space Clrcus
West Midlands Historic Bullding5 Trust
500
500
500
500
500
500
500
500
500
4,500
Page 12
contlnued...

HERITAGE TRUST NETWORK
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENOED 31 MARCH 2024
DIRECT COSTS OF CHARITABLE AcfiviTIES
2023
2022
Staff costs
Subcontractors
Recruitment costs
Web51te costs
Event5 and activities
Trustees, expenses
Staff tralnin8 and travel
235,336
60,170
1,705
9,728
54,980
2,505
15.128
225,014
27,516
1,046
9.701
32,637
2,214
18.654
379,552
316,782
SUPPORT COSTS
2023
2023
Rent, rates and Insurance
Telephone
Postage and statlonery
Sundrles
Subscription fees
Consultancy costs
Depreciation of tangible flxed assets
Renewal of tech
Volunteer expenses
Volunteer training
Independent examiner'5 fee
Accountancy fees
Loss on sale of tanglble fixed assets
4,693
2,325
265
5,209
2,196
324
3,624
1,451
7,103
1,804
3.687
1.571
16,256
2,400
5,760
69
5,781
34,091
1,771
3,020
3,339
4,759
2,400
5,760
69,053
51,454
NEf INCOMEIIEXPENDITURE)
Net Income/lexpenditurel Is stated after char8ingllcreditingl'.
2024
2023
Depreciation owned assets
Loss on sale of tanglble f ixed assets
1,771
1,804
69
TRUSTEES. REMUNERATION AND BENEFITS
There were no tru5tees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended
31 March 2023.
TRUSTEES, EXPENSES
During the year ended 31 March 2024 trustees ￿ceiVed reimbursement of expenses incurred by participation in
National Committee and Executive Committee meetings along with the representation of Heritage Trust Network on
external workin8 group5 and at related events.
Total relmbursed expen5e5 for the year ended 31 March 2024 amounted to £2,505.'12023- £2,214).
Page 13
continued...

HERITAGE TRUST NETWORK
NOTES TO THE FINANCIAL STATEMENTS- Continued
FOR THE YEAR ENDED 31 MARCH 2024
srAFF COSTS
2023
2023
Wages and salaries
Social security costs
Other pension costs
212,830
17,524
204,251
16,124
4,639
135,336
225.014
The average monthly number of employees durlng the year was as follows:
2024
2023
Management and admlnlstration
No employees received emoluments In excess of £60,000.
io.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcnvmE5
Unrestricted
fund
Restrlcted
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Charltable actlvltles
Grants receivable
39.063
254,499
293,562
Other tradln8 activities
84,529
84,529
Total
123.592
254,499
378,091
EXPENDMJRE ON
Charltable actlvltles
Direct costs
Support costs
92,274
21.463
224,508
29,991
316,782
51,454
Total
113,737
254,499
368,236
NEf INCOME
9,855
9,855
RECONCILIATION OF FUNDS
Total funds brought forward
107,180
107,180
TOTAL FUNDS CARRIED FORWARD
117,035
117,035
Page 14
continued...

HERITAGE TRUST NEfwoRK
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENOED 31 MARCH 2024
ii.
PENSION COMMITMENTS
The charity contributes to the individual pension plans of certain employees. The assets of these schemes are held
separately from those of the charity in independently administered fund5.
The total contributions for the year amounted to £4.98212023 - £4,639) and ovt5tandlng contribution5 05 at 31 March
2024 amounted to £3.87012022 - £2,042).
12.
TANGIBLE FIXED ASs￿s
Flxtures
and
fittings
Computer
equipment
Totals
COST
At l April 2023
Additions
634
7,205
1.678
7,839
1.678
At 31 March 2024
634
8,883
9,517
DEPRECIATION
At l Aprll 2023
Charge for year
634
5,190
1,771
5,824
1,771
At 31 March 2024
634
6,961
7,595
NET BOOK VALUE
At 31 March 2024
1,922
1,922
At 31 March 2023
2,015
2,015
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade debtor5
Accrued income
Prepayments
6,835
84,685
1,648
8,270
50.384
10,435
93,168
,69,089
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade creditors
Social security and other taxes
Other creditors
Deferred income
Accrued expenses
22,338
4,124
3,870
15,925
2,400
9,397
4.992
2.042
51.461
48.657
70,292
Page 15
continued...

HERITAGE TRUST NETWORK
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 MARCH 2024
15.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
2024
Total
funds
2023
Total
funds
Unrestricted
fund
Restricted
funds
Fixed assets
Current assets
Current liabilitles
1.922
173,096
(48.657)
1.922
173,096
48,657)
2,015
185,312
170,2921
126,361
126,361
117,035
16.
FUNDS
Net
movement
In funds
Transfers
between
funds
At
31.3.24
At 1.4.23
Unrestrlrted funds
General fund
117,035
9,326
126,361
TOTAL FUNDS
117,035
9,326
126,361
Net movement in funds, included in the above are as follows-
Incoming
resource5
Resources
expended
Movement
in funds
Unrestrlrted funds
General Fund
Northern Ireland Fund
96A63
5,710
187.137)
15,710)
9,326
102,173
192,8471
9,326
Restrlcted fvnds
Historic England Fund
Wales Fund
Scotland Fund
Digital Heroes Fund
Essential Networks
69,026
18,814
62,433
33,572
176,413
169,026)
118,814)
162,433)
133,572)
(176.413)
360.258
1360,258
TOTAL FUNDS
462,431
(453,105)
9,326
Page 16
continued...

HERITAGE TRUST NEfwoRK
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
16.
MOVEMENT IN FUNDS- continued
Comparatlves for movement in funds
Net
movement
in funds
Transfers
between
funds
At
31.3.23
At 1.4.22
Unrestrlcted funds
General Fund
107,180
9.855
117.035
TOTAL FUNDS
107,180
9,855
117,035
Comparatlve net movement in funds, included in the above are as follows:
Incomlng
resources
Resources
expended
Movement
n funds
Unrestrlrted funds
General Fund
Northern Ireland Fund
118,272
5,320
1108,4171
15,3201
9,855
123,592
1113,7371
9,855
Restrirted funds
Unlocking the Power of Communities Fund
Historic England
Wales Fund
Scotland Fund
Digital Heroes Fund
Essential Networks
85,772
51,440
10,814
43,333
53.295
9.845
185,7721
151,4401
110,8141
143,3331
153,2951
19,8451
254,499
254,4991
TOTAL FUNDS
378,091
1368.2361
9,855
Page 17
continued...

HERITAGE TRUST NEfwoRK
NOTES TO THE FINANaAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2024
16.
MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months combined position is as follows..
Net
movement
in funds
Transfers
between
funds
At
31.3.24
At 1.4.22
Unrestrlrted funds
General Fund
107,180
19,181
126.361
TOTAL FUNDS
107,180
19,181
126,361
A current year 12 months and prior year 12 months comblned net movement In funds, Included in the above are as
follows..
Incomin8
resources
Resources
expended
Movement
In funds
Unrestrlrted funds
General Fund
Northern Ireland Fund
214,735
11,030
1195,5541
11,0301
19,181
225,765
1206,5841
19,181
Restrlrted funds
Unlocklng the Powerof Communitles Fund
Historic En8land
Wales Fund
Scotland Fund
Digital Heroes Fund
85,772
120,466
29,628
105,766
86,867
(85,7721
1120,4661
{29,6281
1105,7661
186.8671
E55ential Networks
186.258
1186,2581
614,757
614,7571
TOTAL FUNDS
840,522
821,3411
19,181
Page 18
contlnued...

HERITAGE TRUST NEfwoRK
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENOED 31 MARCH 2024
16.
MOVEMENT IN FUNDS- continued
Purpose of unrestricted fvnds
General fund
This fund represents the f ree f unds of the charlty that are not designated for particular purpose5.
Northern Ireland Fund
This fund consists of funding received by Heritage Trust Network from the Northern Ireland Assembly Department for
Communitles to help finance activities and support members in Northern Ireland.
Purpose of festrlcted funds
Scotland Fund
This fund conslsts of funding received by Herlta8e Trust Network from Hlstorlc Envlronment Scotland vla Architettural
Heritage Fund and National Trust for Scotland to finance the c05t of a development officer and other activity to support
member5 In Scotland.
Historic En
land Fund
This fund con515ts of fundin8 received by Herltage Trust Network from Hlstorlc En8land to build the chariws capaclty
as a national heritage organisation In En8land by employing a chief executive officer.
Unlockin
he Power of Communities Ftjnd
This fund consists of f unding received by Herltage Trust Network from the National Lottery Heritage Fund and the
Pilgrim Trust to finance events and activities under the Unlocking the Power of Communities Project to bulld the
capacity of the charity and sUPPOrting our members throughout the UK.
Wales Fund
This fund consists of funding received by Heritage Trust Network from Cadw to help finance activities and support
members in Wales.
ital H
roes Fund
This fund consists of funding received by Herlta8e Trust Network from the National Lottery Herltage Fund to deliver a
programme of volunteeringi enabllng young people with digital skills to support members wlth dlgltal needs.
Essential Network
Thls fund consists of funding recelved by Herltage Trust Network from the National Lottery Heritage Fund to deliver
programme of activlties and service improvements to build the capaclty of the charity and support our members
throughout the UK.
17.
RÉLATED PARTY D15CLOSURES
There were no related party transactions for the year ended 31 March 2024.
18.
ULTIMATE CONTROLLING PARTY
The charity 15 controlled by the tru5tee5 as listed in the Report of the Trustees.
Page 19