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

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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

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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

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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 FInanc￿al 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

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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 rese￿e5 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

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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

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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

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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

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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
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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

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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.
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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.
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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
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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
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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