Docuslgn Envelope ID.. 7D80917&BE794ECF-BD5248C85CFBF4A4 REGISTERED COMPANY NUMBER: 09943640 (England and Wales) REGISTERED CHARITY NUMBER., 1167662 (England and Wales) REGISTERED CHARITY NUMBER: SC0475371Scotland) REPORT OF THE TRUSTEES AND UNAUDtrED FINANaAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR HERrrAGE TRUST NETWORK J W Hinks Chartered Accountant5 19 Highfield Road Ed8baston Birmingham B15 3BH
Docusign Envelope ID.. 7D80917&8E7MECF-BD5248C85CF8F4A4 ncrti i i¥Eb ¥¥vTh CONTENTS OF THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Report of the Trustees Independent Examlner'$ Report Statement of Flnanclal Artlvltles Balano Sheet Notes to the Flnan¢lal Statements 9 to 19
Docusign Envelope ID.. 7080S17B-BE794ECF-BD5248C85CFBF4A4 nEThi i i NVJI I¥E i ¥vvTh i rrttu iYuiyi•ETh- v??43640) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The trustees who are a150 direttors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustee5 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 (effective l Jan uary 20191. OBJECTIVES AND ACTIVITIES Obiectives and alms The Charity's purposes as set out in the objects tontained in the Articles of Association are to advance the education of the public in the preservation of the historical, architectural and constructional heritage of the physical environment of the United Kln8dom Throu8h public educatlon we support not-for-profrt organlsations to rescue, restore, adapt and flnd new uses for and mana8e historic bulldlngs, structures and landscapes. Ensuring our work dellvers our alms We review our aims, oblectlves and activitles each year. Durln8 this year the strateglc plan developed in the previous year was translated Into an action plan for the organisation. Throughout the year the Trustee5 received reports from the staff team on thelr work and the progre55 towards our objective5 and actions to ensure our alms were being rnet. We have referred to the 8uidance contained in the Charity Commi55ion's general guidance on public benefit when reviewing our aims and objettives ond Sn planning our future actlvities. In particular, the board considered how planned activities will contribute to the aims and objectives they have set. The focus ofour work The focu5 of our work for the year continued to be helping our members to meet together, exchange information, 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 other5. Herltage Trust Network provldes publlc benefit y SUPPOrting our members and encouraging them to restore and care for historic sites we help to create new jobs, workplaces, retail and leisure facilities and visitor attractions. This helps to regenerate communities, remove eyesore5 and reduce the number of historic buildings at risk. Through the work of our members we help people to revitali5e these local assets and engage others in the heritage that is Important to them, ACHIEVEMENT AND PERFORMANCE 2024-25 was a year of transitlon for our Network. We completed the development phase of our Natlonal Lottery Heritage Fund project Essential Networks. In May we submitted our application for the delivery phase and In September we heard we had been successful. By the end of the year we had already begun recruitment of new staff, work on a new website and member portal, and artivity planning. We would like 10 thank the Heritage Fund and The National Lottery players for thls significant support. We are also grateful to the Pilgrim Trust who helped match the Heritage Fund's support and also helped us through the 'gap' between development ond delivery phase funding. Our work 15 guided by our Strategic Plan and Business Plan, developed during the development phase of Essential Networks. We continued to help community heritage organisations succeed via.. Our conference in Dunferrnline wh ich attracted over 250 delegates from all over the U K and provided a unique forum for discussion, networking, sociali5ing and showcasing heritage regeneration in the city, Fife and Scotland. Our response to dozens of support requests, providing advice and information or Signposting to other members or sector experts. Scores of learning and networking event5. Our Toolkit of essential guidance and information. Weekly newsletter5 Wlth vital information on event5. funding. tender opportunities, jobs and sector news. Page I
Docusign Envelope ID.. 7D80917B_BE794ECF.BD5248C85CFBF4A4 i Thuj i i¥E i ¥¥vTh A INtIJlJ l I¥UIVIOCl%* vy>43640 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 ACHIEVEMENT AND PERFORMANCE- Continued Our work in Scotland continued to flourish thanks to funding from Historic Environment Scotland and National Trust for Scotland. Working with communities hoping to secure the future of their churches continued to be a big part of this work. We were strong supporters of the Make Your Mark campaign to promote heritage volunteering. A new online learning programme for early stage organisations was delivered. As we approached the end of our current funding from Historic England, we began to work with them on proposa15 for the next three years. This will include a Development and Outreach Officer and a Heritage Trainee for England to match our capacity in Scotland. During the year we delivered monthly carbon literacy training events for Historic England, all of these were fully booked. At the end of the year we secured a contract, In partnership with Locallty, to dellver learnin8 events for heritage organisations in West Yorkshire. Thi5 will complement our plans for Conference 2025 in Bradford. Support from Cadw enabled us to employ a Herltage Trainee for the first time to support members and organlse events in Wales. In Northern Ireland, through our committee of volunteers sUPPOrted by UK staff we Continued to offer events and member sUPPOrt with funding from the Departmentfor Communities. Our Youth Forum continued to grow, This informal network of early career professlonals, students and apprentices created a placemaking manifesto that Was presented at Conference, were consulted on how to work with young people by varlous heritage organisations and continued to develop their advice library. A key element of this year of transition was our change of identity. We began 2024 as Heritage Trust Network and ended it with the working name Heritage Network. The charity's company name remalns unchanged. Our branding and colour palette was 8150 refreshed. This reflects the breadth of our membership which includes many or8anisation5 that do not identify as 'trusts' including many that do not have 'heritage' in their objects but operate from historic buildin85. We a150 welcomed ma ny more heritage businesses and local authoritie5 into membership during the year. Governance Hopwood Depree left the board after six years of service and Martin Hulse left after nine. They were replaced by Clea Warner and Ellis Scott. We a150 welcomed Fabienne Palmer a5 a shadow trustee as part of Board Racial Diversity UK'5 Pathways to Trusteeship pro8ramme. Volunteers We would like to record thanks to the13rge number of volunteers who make a significant contribution to the Network. This includes the board of director5, 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, members across the UK who help to organlse and facilitate meetin85 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 achievin8 their aims and objectives, meaning that the volunteers develop the skills and capacity to make a difference within their communities. FINANCIAL REVIEW Financial p05itlon The Statement of FInancal Activities for the year ended 31 March 2025 shows incoming resources of £472,51312024 £462,431) and resources expended of £444,41812024 - £453.1051, generatin8 an excess of incorne over expenditure- totalling £28,09512024 surplus - £9,326). As a re5uIt, Heritage Trust Network'5 net a55et5 have increased from £126,361 as at 31 March 2024 to £154,456 as at 31 March 2025. Page 2
Docusign Envelope 10.. 7D80917B_BE794ECF_BD5248C85CF8F4A4 ntr41 I IIUJ I IWE I VVVIIIK IISEVIJI EThEV iYvivIDEA- v>y¥J6401 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Reserves policy In determining the level of reserve5 the Company requires, the trustee5 have considered guidance from the Charity Commission. This covers unforeseen emergencies, contingencies, costs for a period following105s 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 resee5 to be fully compliant with this guidance. As at March 2025, Heritage Trust Network had unrestricted reserves of £154,456. These would ensure continued operation of the Charity at full level for 3 months or at a basic level for 12 months. Going concern The financial statements have been prepared on a golng concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 month5 from authorising these financial statements. The expected level of Income and expenditure is sufficient with the level of reseNes for the charity to be able to continue as a going concern. STRucfuftE, GOVERNANCE AND MANAGEMEMr Governln8 document Heritage Trust Network is a cornpany limited by guarantee in England and Wales (registered number 099436401 which was incorporated on 11 January 2016 and achieved charitable 5tatU5 in England and Wales on 15June 2016 Ire8lStered number 11676621 and in Scotland on 28 June 2017 (registered number SC0475371. Heritage Trust Network was established under a Memorandurn of Association and the objects, powers and procedures for governance of Heritage Trust Network are set out in its Articles of A550ciation. In the event of Heritage Trust Network bein8 wound up rnembers are required to contribute an amount not exceeding £1. The Company is listed as a 'Section 167 Institution, with the Northern Ireland Charity Commission. This is a list of organisations which are established outside of Northern Ireland, but which operate for charitable purposes in or from Norther Ireland. Recrultment and appolntment of new trustee5 As set out in Heritoge Trust Network's Articles of Assoclation, new trustees are appointed by the Board of Trustees after applyin8 to Heritage Trust Network in the form required by the trustees and after being approved by the Board of Trustees. All trustees give their time voluntarily and recelve no benefits from Heritage Trust Network. Any expense5 reclaimed from Herita8e Trust Network are set out in the notes to the financial statements. Rlsk rnan3iement The trustees have a duty to identify and revlew the risks to which the charity Is exposed and to ensure approprlate controls are in place tu provide reasonable assurance against fraud and error. The trustees have examined the major 5trate8ic, business and operatlonal risks that the charity faces and confirm that systems have been establlshed to enable regular reports to be produced so that necessary steps can be taken to lessen these rlsks. Pa8e 3
Do¢u8ign Envelope ID.. 7D80917B_BE794ECF_BDS248C85CFBF4A4 nEni iA4JC 4 14uJ I iyE I v¥uiir4 IIICIJI)l LnELI I¥UWIDEII' UYY4)640) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 09943640 (England and Wales) Reglstered Charity number 1167662 (England and Wales) SC047537 Iscotlandl Reglstered offlce Coffin Works 13-15 Fleet Street Birmingham, West Midland5 83 IJP Trustees Jeremy John Fenn Hopwood DePree Adam L J Hitchin8S Martin D Hulse Usa Antonla Brausem George Alan Clarke Michael Robert Guy Allce Jane Ullathorne Manminder Kaur Athwal Fleur Elkerton Karen Hazel Ru5hby Emma Louise Rose Berry Cleawarner Ellis Scott Chairperson Resigned 10 December 2024 Retlred 2 February 2025 Appointed 11 December 2024 Appointed l May 2025 Seryetary David Tlttle Independent Examlner P E Smith FCA J W Hinks Chartered Accountants 19 Highfield Road, Edgbaston 8irmingharn, B15 3BH Bankers Natwest Bank plc I St Philip's Place Birmingham, 83 2PT Unity Trust Bank plc 4 Brindley Place, Birmingham, Bl 2JB Approved by order of the board of trustees on 23 October 2025 and signed on its behalf by: Slgn¢dby'. 6JIAkÈknrne - Chairper50n Page 4
l)ocusign Envelope10.' 7D80917B-BE794ECF-BD5248C85CFBF4A4 ii¥vErEI¥VEIY I EAMI¥III¥Er4 J ThErvrt i i v i nE I14V)I CE) ur HERITAGE TRUST NETWORK Independent examiner's report to the trustees of Herltage Trust Network ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025. Responslbilltles and basis of report As the charitV'S trustees of the Company land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'l. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Att and are eli8ible for independent examination, I report in respect of my examination of your charity's account5 as carried out under section 145 of the Charities Act 20111'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Cornmission under section 145151 Ibl of the 2011 Act. Independent e%amlner's statement Since your charity'5 gross income exceeded £250,000 your examlner must be a member of a listed body. I can confirm that I am qualifled to undertake the examination because l am a registered member of ICAEW whlch is one of the Ilsted bodies. I have completed my examlnation. I confirm that no matters have come to my attention In connection with the examinatlon glvln8 me cause to believe.. accountlng records were not kept In respect of the Company as required by sectlon 386 of the 2006 Act; or the accounts do not accord with those records,. or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirernent that the accounts give a true and fair view which is not a matter considered a5 part of an independent examination,. or the accounts have not been prepared in accordance with the Methods and prlnciples of the Statement of Recommended Practice for accounting and reporting by charities lapplicable to charitie5 preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the UK alld Republic of Ireland IFRS 10211. I have no concerns and have come across no other matter5 in connection with the examination to which attention should be drawn in thls report in order to enable a proper understanding of the accounts to be reached. P E Smlth FCA Chartered Accountant J W Hinks Chartered Accountants 19 Highfield Road Edgbaston Birmingham B15 3BH 23 October 2025 Page 5
Docusign Envelope ID.. 7D8O9l7&BE7ECF-BDs248c85CFBF4A4 n£Thi J Thu31 i¥E i ¥vvn STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 MARCH 2Q25 2025 Total funds 2024 Total funds Unrestricted fund Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations 90 Charltable activities Grants receivable 352,682 352,682 367,853 Other tradin8 activltles 114,931 4,810 119,741 94,578 Total 115,021 357,492 472,513 462,431 EXPENDITURE ON Charltable actlvltles Grants Direct costs Support costs 41516 4,500 379,552 69,053 59A36 24,517 347,068 13,397 406,504 37,914 Total 83,953 360,465 444,418 453,105 NET INCOME Transfers between funds 31,068 (2,9731 12,973) 2,973 28,095 9.326 Net movement In funds 28,095 28,095 9,326 RECONCILIATION OF FUNDS Total funds brought forward 126,361 126,361 117,035 TOTAL FUNDS CARRIED FORWARD 154,456 154,456 126,361 The notes form part of these financial 5tatementS Page 6
DosIgn Envelope ID-. 7D80917B.BE794ECF_BD5248C85CFBF4A4 ncNI i nUJi i¥E I V¥VIIV4 IIIElalJ l EISEU IMvh¥ir•Eii' uyJ43640) BALANCE SHEET 31 MARCH 2025 2Q25 2024 Notes FIXED ASSETS Tangible assets 12 2,801 1,922 CURRENT ASSETS Debtors and accrued income Cash at bank 13 74,927 137.066 93,168 79,928 211,993 173,096 CREDITORS AND DEFERRED INCOME Amounts fallin8 due within one year 14 160,338) {48,6571 NEf CURAENT ASSETS 151,655 124,439 TOTAL ASSETS LE55 CURRENT LIABILITIES 154,456 126,361 NET ASSETS/(LIABILITIE5) 154,456 126,361 FUNDS Unrestrlcted funds General Fund 16 154,456 126.361 TOTAL FUNDS 154,456 126,361 The charitable company is entitled to exemptlon from audlt under Section 477 of the Companies Act 2006 for the year ended 31 March 2025, The members have not required the company to obtain an audlt of Its financlal statements for the year ended 31 March 2025 In accordance wlth Section 476 of the Companles Act 2006. The trustees acknowled8e their responslbilities for ensuring that the charitable company keeps accountlng records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charltab5e company as at the end of each financial year arbd of its surplu5 or deficit for each flnancial year in accordance wlth the requirements of Section5 394 and 395 and which otherwise comply with the requirements of the Companies Act 21J06 relating to financial Statements, so far a5 applicable to the charitable company. Ibl The notes form part of these financlal statement5 Page 7 continued.-.
Docuslgn Envelope ID.. 7D80917B-BE7S4ECF-BD5248C85CF6F4A4 ncAI ifiuJ i i¥E I V¥UIIA II%ElJI)I CNEV nvivIDEN' v¥¥4>640) BALANCE SHEET- continued 31 MARCH 2025 These flnanclal statements have been prepared in accordance with the provisions appllcable to charitable companles subject to the small companie5 regime. The financial statement5 were approved bythe Board of Trustees and authorised for issue on 23 Ortober 2025 and were slgned on its behalf by: $lgnedby'. DEB6035eF5EE423 Alice Jane Ullathorne - Chairperson The notes form part of these financial statements Page 8
Docusign Envelope ID.. 7D80917B.BE794ECF_BD5248C85CFBF4A4 nENI i riva I i¥c i ¥vvii NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS General informatlon Heritage Trust Network is a private company limited by guarantee registered in England and Wales (registered company number 099436401 and is registered as a charity in England and Wales (registered charity number 11676621 and as a charity in Scotland Iregistered charity number SC0475371. The addre55 of Heritage Trust Network's registered ofFice is Coffln Works, 13 15 Fleet Street, Birmingham, West Midland5, 83 IJP. kcountln8 Conventlon The financial Statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 "Accountlng and Reporting by Charitie5.' Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the Un ited Kingdom and Republic of Ireland IFRS 1021 leffectlve l January 20191 Financial Reportin8 Standard 102 "The Financlal Reporting Standard applicable in the UK and Republic of Ireland the Companies Act 2006 and the Charities Act 2011. The financial 5tatement5 have been prepared using the historic cost convention and are presented in sterling which is the functional currency of the charity, rounded to the nearest £1. The signiflcant accounting policie5 applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. Company statu5 Heritage Trust Network is a company limited by guarantee. In the event of Heritage Trust Network being wound up the liability in respect of the guarantee 15 limited to £1 per member of Heritage Trust Network. Golng concern The financial statements have been prepared on a going concern basis a5 the trustees believe that no material uncertaintie5 exist. The trustees hove considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The expected level of income and expendlture is sufficient wlth the level of reserves for the charity to be able to continue a5 a going concern. FINANCIAL REPORTING STANDARD 102- REDUCED DISCLOSURE EXEMPTIONS The charitable company has taken advantage of the followlng disclosure exemptlons in preparing these financial statements, a5 permitted by FRS 102 'The FSnanclal Reporting Standard applicable in the U K and Republic of Ireland,: the requirements of Section 7 Statement of Cash Flows: the requirement of Section 3 Financial Statement Presentation paragraph 3,17ldl,' the requirement5 of Sectlon 11 Financial Instruments paragraph5 11.41lbl, 11.411¢1, 11.41lel, 11.41lfl, 11.42, 11.44, 11.45, 11.47, 11.481alliiil, 11.48lallivl, 11.48lbl and 11.481cl,' the requirements of Section 12 Other Financial Instrument5 paragraphs 12.26, 12.27, 12.291al, 12.29lbl and 12.29A. INCOME All income is recognised in the Statement of Financial Activitie5 once the charity has entitlement to the funds, it 15 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 tradin8 activities to raise funds for the charity. Income is received in exchange for supplying good5 and 5eNices in order to raise funds and is recognised when entitlement has occurred. Page 9 cor)tinued...
Docusign Envelope ID.. 7D80917B-BE7g4ECF-BD5248C85CFBF4A4 nErti I fiuJi i¥E I ¥vuTh NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES. contlnued INCOME The charity receives grants from other third parties in respect of its activities. Income from grants from other third parties is recognised at fair value when the charity has entltlement 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 obli8ation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that ag8regate all cost related to the category. Where costs cannot be directly attributed to particular heading5 they have been a15ocated to activitSes on a ba515 consistent wlth the use of resources. Expenditure 15 cate8orised under the followin8 headings. o Expenditure on charitable act5vSties. o Other expenditure representlng those items not falllng into the above categories, Support COSt5 are those that a5S15t with the work of the charity but do not directly represent charitable activities and include office costs, governance costs and other administrative costs. TANGIBLE FIXED ASSETS Depreciation is provided at the following annual rates in order to write off each asset over its estirnated useful life. Fixture and f ittin85 Computer equipment 20% on cost 33% on cost The galn or105s arising on the dlsposal of an asset is determlned as the difference between the sale proceeds 3nd the carrying value of the a55et ond is recognised in net income/lexpenditurel for the year. TAXATION The charity Is exempt from corporation tax on its charitable actlvlties. CASH AND CASH EQUIVALENTS Cash and cash equivalents include cash In hand arsd deposlts held at call with banks. Bank overdrafts are shown withln borrowings In current liabilities. PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS Contributions to the personal pension Schemes of certain employees are charged to the Statement of Financlal Activitie5 in the period in which they relate. The assets of these personal pension schemes ore held Separately from those of Heritage Trust Network in independently administered funds. EMPLOYEE BENEFITS When ernployees have rendered service to Heritage Trust Network. short-term employee benefits to which the ernployee5 are entitled are recognised at the undiscounted arnount expected to be paid in exchange for that service. The cost of any unused holiday entitlement 15 recognised in the period in which the employee's service5 are received. Termination benefit5 are recognised immediately as an expense when Heritage Trust Network is demonstrably committed to terminate the employment of an employee or to provide termination beneflts. Page 10 continued...
Docusign Envelope ID.. 7D80917&BE794ECF.BD5248C85CFBF4A4 ncrti i • NUJI IYE I ¥VVNP4 NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES- contlnued FUND ACCOUNTING Unrestricted fund5 can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted f und5 can only be used for partlcular restricted purposes within the objects of the charity. Restriction5 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 notes to the financial statements. FINANCIAL INSTRUMENTS The charity only has flnancial assets and flnancSal Ilabilities of a klnd that qualify as baslc flnancial instruments. Basic financia1 instruments are inStlally reco8nlsed at transactlon value and subsequently measured at amortised cost. CRITICAL ACCOUNTING ESTIMATES ANDJUDGEMENTS In the applicatlon of Herita8e Trust Network's accounting policies. the tru5tee5 are requlred to make judgement5, estimates and assumptlons about the carryin8 amount of assets and liabilitie5 that are not readily apparent frorn other sources. The estimates and underlying assumptions are reviewed on an ongoin8 basis. Revisions to accounting estimates are recognised in the period in which the estlmate is revised where the revlsion affects only that period or in the period of the revision and future periods where the revision affects both current and future periods. OTHER TRADING AcfiviTIES 2025 2024 Subscription fees Other income Conference income Other event Income 42,993 2,860 51,038 22,850 43,880 2,910 34,160 13,628 119,741 94,578 Page 11 continued...
Oocus¢gn Envdope10'. 7D80917B-BE794ECF_BD5248C8SCFBF4A4 nEThi i AUJI IWE I IIVVI4V4 NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2025 INCOME FROM CHARITABLE ACTIVITIES Grants received in the year were as follows: Unrestricted funds Restrirted funds 2025 2024 Historic Environment Scotland Scotland Fund 78,020 78,020 62,433 Historic England- Capacity 8uildlng fund 34,582 34,582 49,026 Prolect Design Development 3,000 3,000 Pllgrim Trust 20,000 20,000 20,000 National Lottery- Essential Networks 196,807 196.807 176,413 National Lottery Digital Heroes Fund 33,572 Department for Communities - Northern Ireland 10,000 10,000 5.000 DWP Grant 2.595 Cadw- Wales fund 10,273 10,273 18,814 352,682 352,682 367,853 Grants pald 2025 2024 Mechanics Institute Trust- Network Academy Grant Ryde Societv Middleton Hall and Gardens Splisby Se55ions House Govanhill Bath5 Open Arms Kington Archbishop'5 Palace Conservation Trust In Your Space Circus West Midlands Historic Building5 Trust 5CNJ 5CNJ 51K) 5t 5(h) 500 51)0 500 500 4.500 Page 12 continued...
Docusign Envelope10'. 7080917B-BE794ECF.BD5248C85CFBF4A4 1 •4VE I rtu)l i¥E I ¥VVThV4 NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 DIREcf COSTS OF CHARITABLE AcfiviTIES 2025 2024 Staff costs Subcontractors Recruitment costs Web51te costs Event5 and activities Trustees, expenses Staff training and travel 196,680 118,380 5,047 7,373 58,332 5,633 15,059 235,336 60,170 1,705 9,728 54,980 2,505 15,128 406.504 379,552 SUPPORT COSTS 2025 2024 Rent, rates and insurance Telepfrone Postage and stationery Sundries Subscription fees Consultancy costs Depreciation of tangible fixed a55et5 Renewal of tech Volunteer expenses Volunteer training Independent examiner's fee Accountancy fees 6,287 2,386 221 1,379 8,812 4,823 1,055 306 885 4,693 2,325 265 849 5,781 34,091 1,771 3.020 3,339 4,759 2,400 5,760 2,400 9,360 37,914 69,053 NET INCOMEIIEXPENDITURE) Net income/lexpenditurel is stèted after char81{CredItIn8l'. 2025 2024 Depreciation - owned asset5 1,055 1,771 TRUSTEES, REMUNERATION AND BENEFITS There were no tru5tees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. TRUSTEES, EXPENSES During the year ended 31 March 2025 trustees received reimbursernent of expenses incurred by participation in Board and National Committee rneetings along with the representation of Heritage Trust Network on external working groups and at related event5. Total reimbursed expenses for the year ended 31 March 2025 amounted to £5,633:12024- £2,505). Page 13 continued...
Docusign Envelope ID.. 7D80917B-BE794ECF.BD5248C85CFBF4A4 nEnl l AIYE I I IYE I v¥uAI NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 STAFF COSTS 2025 2024 Wages and salaries Social security costs Other pension costs 180,103 12,332 4,245 212,830 17,524 4.982 196,680 235,336 The average monthly number of employees durin8 the year was a5 follows.. 2025 2024 Management and administration No employees received emoluments in excess of £60.000. io. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES Unrestricted fund Restrlcted funds Total funds INCOME AND ENDOWMENTS FROM Charltable a¢tlvltles Grants receivable 7,595 360,258 367,853 Other trading activities 94,578 94,578 Total 102,173 360.258 462,431 EXPENDITURE ON Charltable actlvltles Grants Direct costs Support COSts 4,500 308,340 47,418 4,500 379,552 69,053 71,212 21,635 Totsl 92,847 360,258 453,105 NET INCOME 9,326 9,326 RECONCILIATION OF FUND5 Total fund5 brou8ht forward 117,035 117,035 TOTAL FUNDS CARRIED FORWARD 126,361 126,361 Page 14 continued...
Docusign Envelope 10.. 7D80917B-BE794ECF-BD5248C85CFBF4A4 nEThi i i¥EI ¥vvTh NOTES TO THE FINANCIAL 5TATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 ii. PENSION COMMITMENTS The charity contributes to the individual penslon plans of certain employees. The assets of these schemes are held separately from those of the charity in independently administered funds. The total contributions for the year amounted to £4.24512024- £4,982) and outstanding contributions as at 31 March 2025 amounted to £1,93312024- £3,870>. 12. TANGIBLE FIXED ASSETS Fixtures and fitting5 Cornputer equipment Totals COST At l April 2024 Addition5 634 8,883 1,934 9.517 1,934 At 31 March 2025 634 10,817 11,451 OEPRECIATION At l April 2024 Charge for year 634 6,961 1,055 7,595 1.055 At 31 March 2024 634 8,016 8,650 NET BOOK VALUE At 31 March 2025 2,801 2,801 At 31 March 2024 1,922 1,922 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors Accrued income Prepayments 3,430 61,929 9,568 6,835 84,685 1,648 74,927 93,168 14. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade creditor5 Social security and other taxes Other creditors Deferred income Accrued expenses 8,837 3,778 1,933 42,956 2,834 22,338 4,124 3,870 15.925 2,400 60,338 48,657 Page 15 continued.-.
Docusign Envelop8 ID.. 7D80917B_BE794ECF_BD5248C85CFBF4A4 ncrtiiMuE IfiuJi i¥EI NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2025 Total funds 2024 Total funds Unrestritted fund Restricted fund5 Flxed assets Current asset5 Current liabilities 2.801 211,993 160,338) 2,801 211.993 160,3381 1,922 173,096 148,6571 154,456 154,456 126,361 16. FUNDS Net movement in fund5 Transfers between funds At 31.3.25 At 1.4.24 Unrestrlcted funds General fund 126,361 31,068 12,9731 154,456 Restrlrted Fund5 Wale5 fund {2,973) 2,973 TOTAL FUND5 126,361 28,095 154,456 Net movement in f unds, included in the above are as follows.. Incoming resources Resource5 expended Movement in funds Unre5trlcted funds General Fund 115,021 183,953) 31,068 115,021 183,9531 31,068 Restflrted lunds England Fund Wale5 Fund Scotland Fund Northern Ireland Fund Essential Networks 39,014 10,360 81,210 10,000 216,908 139,0141 {13,3331 181,2101 (10,000) 1216,9081 12,9731 357,492 1360,465) 12,973} TOTAL FUNDS 472,513 1444,418) 28,095 Page 16 continued...
Docuslgn Envelope ID.. 7D80917B-&E794ECF-BD5248C85CFBF4A4 ncThi iM4yc i rtu3 i i¥E i ¥vvTh NOTES TO ThE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 16. MOVEMENT IN FUND5- contlnued Comparatives for movement in funds Net movement in funds Transfers between funds At 31.3.24 At 1.4.23 Unrestrlcted fund5 General Fund 117,035 9,326 126,361 TOTAL FUNDS 117,035 9,326 126,361 Comparatlve net movement In funds, Included In the above are as follows.. Incoming resources Resources expended Movement in funds Unrestrlcted funds General Fund Northern Ireland Fund 96,463 5,710 187,1371 15,7101 9,326 102,173 192,8471 9,326 Re5trlcted funds England Fund Wales Fund Scotland Fund Digital Heroe5 Fund Essential Networks 69,026 18,814 62.433 33,572 176,413 169,0261 118,8141 162,4331 133,5721 1176,4131 360,258 1360,2581 TOTAL FUNDS 462,431 1453,105} 9,326 Page 17 continued...
tkjcusign Envelope ID.. 7D809178_BE794ECF_BD5248C85CFBF4A4 iThu)i i vvvTh NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 16. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined position is as follows.. Net Transfers between funds movement in funds At 31.3.25 At 1.4.23 Unrestrlcted funds General Fund 117,035 40,394 12,9731 154,456 Restrirted funds 12,9731 2,973 TOTAL FUNDS 117,035 37,421 154,456 A current year 12 months and prior year 12 months combined net movement in funds, Included in the above are as follow5.. Incornin8 re50urce5 Resources expended Movement in funds Unrestricted funds General Fund Northern Ireland Fund 211,484 5,710 1171,0901 15,7101 40,394 217,194 1176,8001 40,394 Restrlcted funds England Fund W3le5 Fund Scotland Fund Digital Heroes Fund 108,040 29,174 143,643 33,572 1108,0401 132,1471 1143,6431 133,5721 12,9731 Northern Ireland Fund 10,000 iio,0001 Essentlal Networks 393,321 1393,3211 717,750 1720,7231 2.9731 TOTAL FUNDS 934,944 1897,5231 37,421 Page 18 continued...
Docusign Envelope ID-. 7D80917B-BE794ECF_BD5248C85CF8F4A4 rnVJ I I¥E i VVUThP4 NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 16. MOVEMENT IN FUNDS- continued Purpose of unrestrirted funds General f und This fund represents the f ree fund5 of the charity that are not designated for particular purposes. Northern Ireland Fund This fund consists of funding received by Heritage Trust Network from the Northern Ireland Assembly Department for Communitles to help f inance activities and support members in Northern Ireland. Purpose of restrlrted fund$ cotland Fund This fund consists of funding received by Herita8e Trust Network from Historic Environment Scotland via Architertural Heritage Fund and National Trust for Scotland to finance the cost of a development officer and other activity to support member5 In Scotland. Histori En land Fund This fund consists of funding recelved by Heritage Trust Network from Hlstoric England to bulld the charlty's capacity as a national heritage organisation in England by employin8 a chief executive off icer. Wales Fund This fund consists of fundlng received by Herita8e Trust Network from Cadw to help finance activities and 5UPPOrt members in Wale5. ital Heroes Fun This fund con5iSt5 of fundlng received by Heritage Trust Network from the National Lottery Heritage Fund to deliver programme of volunteering, enabling yovng people with di8ltal skills to support members with digital needs. Essential Network This fund con515ts of fundlng recelved by Heritage Trust Network from the National Lottery Heritage Fund to deliver a programme of octlvities and service improvements to build the capacity of the charity and sUPPOrt our members throughout the U K. orth rn Ireland Fun Thi5 fund consists of funding received by Herltage Trust Network from the Northern Ireland Assembly Department for Communities to help flnance activities and support members in Northern Ireland. 17. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2025, 18. ULTIMATE CONTROLLING PARTY The charitv 15 controlled by the trustee5 a5 listed in the Report of the Trustee5, Page 19