## Ulster Historical Foundation STATEMENT OF FINANCIAL ACTIVITIES
for the financial year ended 31 March 2025
|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||Funds|Funds|Funds|Funds|Funds|Funds|
|||2025|2025|2025|2024|2024|2024|
||Notes|£|£|£|£|£|£|
|Incoming Resources||||||||
|Donations and legacies|3.1|23,038|27,787|50,825|48,565|4,095|52,660|
|Charitable activities|3.2|409,096|-|409,096|325,835|-|325,835|
|Investments|3.3|5,669|-|5,669|7,262|-|7,262|
|Total incoming resources||437,803|27,787|465,590|381,662|4,095|385,757|
|Resources Expended||||||||
|Charitable activities|4.1|430,787|28,604|459,391|400,448|7,471|407,919|
|Net gains/(losses) on||20,000|-|20,000|-|-|-|
|investments||||||||
|Net income/(expenditure)||27,016|(817)|26,199|(18,786)|(3,376)|(22,162)|
|Transfers between funds||22,613|(22,613)|-|8,389|(8,389)|-|
|Net movement in funds for||49,629|(23,430)|26,199|(10,397)|(11,765)|(22,162)|
|the financial year||||||||
|Reconciliation of funds:||||||||
|Total funds beginning ofthe|15|402,839|55,125|457,964|413,236|66,890|480,126|
|year||||||||
|Total funds at the end of||452,468|31,695|484,163|402,839|55,125|457,964|
|theyear||||||||
The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing activities.
The notes on pages 18 to 28 form part of the financial statements
16
## Ulster Historical Foundation BALANCE SHEET
as at 31 March 2025
|||2025|2024|
|---|---|---|---|
||Notes|£|£|
|Fixed Assets||||
|Tangible assets|8|291,176|262,941|
|Investments|9|1|1|
|||291,177|262,942|
|Current Assets||||
|Stocks|10|48,795|48,826|
|Debtors|11|44,914|52,110|
|Cash at bank and in hand||210,289|205,062|
|||303,998|305,998|
|Creditors: Amounts falling due within one year|12|(111,012)|(110,976)|
|Net Current Assets||192,986|195,022|
|Total Assets less Current Liabilities||484,163|457 ,964|
|Funds||||
|Restricted funds||31,695|55,125|
|Designated funds (Unrestricted)||201,257|181,288|
|General fund (unrestricted)||251,211|221,551|
|Totalfunds|15|484,163|457,964|
The total unrestricted funds includes a revaluation reserve of £(201,164) (2024 - £(181,164))
Approved by the Board of Trustees and authorised for issue on 15 January 2026 and signed on its behalf by
Sir Denis Desmond, KCVO, CBE Chairperson
The notes on pages 18 to 28 form part of the financial statements
17
## Ulster Historical Foundation NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2025
1. GENERAL INFORMATION
The principal activities of Ulster Historical Foundation (the "Charity" or the "Foundation") include publications, lecture tours, family history conferences, events and courses (heritage activities), a genealogical research and consultancy service, maintenance of a subscription association known as the Ulster Genealogical and Historical Guild, and pay-to-view and subscribers-only online databases. The Foundation also delivers regular educational programmes in the local community and speaking engagements to the heritage sector in UK and Ireland.
Ulster Historical Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost and transaction value unless otherwise stated in the relevant accounting policy note. The financial statements are prepared on a going concern basis. Taking account of the risk review undertaken by the directors they do not consider there to be a risk of going concern to the charity. The address of its principal office is Kiltonga Industrial Estate, Bradley Thallon House, Unit 44D, Belfast Road, Newtownards, BT23 4DD.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity’s financial statements.
## Basis of preparation
The financial statements have been prepared on the going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102".
As permitted by the Companies Act 2006, the charity has varied the standard formats in that act for the Statement of Financial Activities and the Balance Sheet. Departures from the standard formats are to comply with the requirements of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP.
## Statement of compliance
The financial statements of the charity for the financial year ended 31 March 2025 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102". ,
## Fund accounting
The following are the categories of funds maintained:
## Restricted funds
Restricted funds are to be used for specified purposes as laid down by the donor. Expenditure, which meets these criteria, is charged to the fund, together with a fair allocation of over heads and support costs.
## Unrestricted funds
Unrestricted funds consist of General and Designated funds.
- Unrestricted Funds are funds which are expendable at the discretion of the Foundation in furtherance of the purpose of the Foundation. In addition to expenditure on activities, such funds may be held in order to finance capital investment and working capital.
- Designated funds are capital grants that have been expended for their restricted purpose and have been transferred to unrestricted funds. Such designated funds are then released to general funds over the related asset's useful life.
18
continued
## Ulster Historical Foundation NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2025
## Incoming Resources
All incoming resources are included in the statement of Financial Activities wnen the Foundation is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## Voluntary Income
## Donations are included in full when received.
Revenue grants are credited to incoming resources on the earlier date of when they are received or when they are receivable, unless they relate to a specified future period, in which case they are deferred.
Grants for the purpose of capital expenditure are credited to restricted incoming resources when receivable and transferred to designated funds on purchase of asset and then released to general funds over the related assets ' useful life.
Amounts received in respect of specific publication s are credited to restricted incoming resources in the year in which the publication is produced.
## Investment Income
Investment income relates to bank interest received.
## Other incoming resources
Other income is included in full in the Statement of Financial Activities when received.
## Subscriptions
Annual subscriptions are accounted for on a receipts basis.
## Publications
Publication sales are stated net of value added tax.
## Resources Expended
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
## Charitable activities
Charitable expenditure comprises those costs incurred by the Foundation in the delivery of its activities and services. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to supply them.
## Governance costs
Governance costs include those incurred in the governance of its assets and are associated with constitutional, statutory and strategic requirements.
## Irrecoverable VAT
Any irrecoverable VAT is charged to the Statement of Financial Activities , or capitalised as part of the cost of the related asset. where appropriate.
## Pensions
The Foundation operates a defined contribution scheme for employees. The cost of funding the de fined contribution scheme is charged to the Statement of Financial Activities as incurred.
## Consolidation
The financial statements contain information about the Foundation as an individual entity and do not contain consolidated financial information as the parent of a group. The dormant subsidiary has not been consolidated as there were no transactions during the year or in the preceding year.
19
continued
## Ulster Historical Foundation NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2025
## Tangible fixed assets and depreciation
Tangible assets are stated at cost less accumulated depreciation. Tangible assets costing more than £999 are capitalised and included at their purchase cost, together with any incidental costs of acquisition. Depreciation is calculated so as to write off the cost of tangible fixed assets, less their estimated residual values, on a reducing balance basis over the expected useful economic lives of the assets concerned. The principal rates used are as follows:
|Heritage Assets|not depreciated|
|---|---|
|Computer Equipment|25%|
|Office Equipment|25%|
|PropertyRenovations|25%|
The Foundation will conduct an impairment review when events or circumstances indicate tht the carrying amount of the fixed assets may not be recoverable .
## Investments
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other financial fixed asset investments together with any related tax credit is recognised in the profit and loss account in the financial year in which it is receivable.
## Stock
The non-Foundation publications stock is stated at the lower of cost and net realisable value. Cost is determined using the first in, first out method. Cost comprises of the purchase cost of the books.
## The Foundation publication stock is valued as follows:
- In the year of publication the stock is valued at 40% of the retail value, reducing each year thereafter, from year 2 until year 5 by 25% per annum.
- At year 6, the stock is valued at a nominal value of 10p per unit.
- Publications in progress are valued at direct costs relevant to the stage of completion of books undergoing publication
## Taxation
The Foundation is a registered charity and, as such, is entitled to certain tax exemptions on income and profits from investments and surpluses on any trading activities carried on in furtherance of the Foundation's primary objectives, if these profits and surpluses are applied solely for charitable purposes .
## Foreign currencies
Transactions denominated in foreign currencies are translated at the exchange rate at the date of the transaction. All monetary assets and_ liabilities denominated in foreign currencies are translated at the rate of exchange at the Balance Sheet date or the exchange rate of the related foreign exchange contract where appropriate. The resulting gain or loss is dealt with in the Statement of Financial Activities. Financial Instruments Financial assets Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price , unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method. At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.
Financial assets are derecognised when (a) the contractual-rights to the cash flows from the asset expire or are settled, (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or, (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions .
20
continued
## Ulster Historical Foundation NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2025
## Financial liabilities
Basic financial liabilities, including trade and other payables, are initially recognised at transaction price , unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
||carried at amortised cost, using the effective interest rate method.|carried at amortised cost, using the effective interest rate method.|carried at amortised cost, using the effective interest rate method.|carried at amortised cost, using the effective interest rate method.|carried at amortised cost, using the effective interest rate method.|carried at amortised cost, using the effective interest rate method.||
|---|---|---|---|---|---|---|---|
||Trade payables are obligations to pay for goods or services that have been acquired in the ordinary||||||course of|
||business from suppliers. Accounts payable are classified as current liabilities ifpayment is due within one year|||||||
||or less.
If not, they are presented as|non-current|liabilities. Trade payables are recognized||||initially at|
||transaction price and subsequently measured at amortised cost using the effective interest method.|||||||
|3.|INCOME|||||||
|3.1|DONATIONS AND LEGACIES|Unrestricted||Restricted||2025|2024|
||||Funds|Funds||||
||||£|£||£|£|
||Donations
Grants & sponsorship||23,038
-|500
27,287||23,538
27,287|48,565
4,095|
||||23,038|27,787||50,825|52,660|
|3.2|CHARITABLE ACTIVITIES|Unrestricted||Restricted||2025|2024|
||||Funds|Funds||||
||||£|£||£|£|
||Grants from governments and other co-funders:|||||||
||Sale ofbooks - Publications||172,219|-||172,219|75,912|
||Sales of research/genealogical services||236,877|-||236,877|249,923|
||||409,096|-||409,096|325,835|
|3.3|INVESTMENTS|Unrestricted
Funds||Restricted
Funds||2025|2024|
||||£|£||£|£|
||Investments||5,669|-||5,669|7,262|
|4.|EXPENDITURE|||||||
|4.1|CHARITABLE ACTIVITIES|Direct
Costs
£|Other
Costs
£|Support
Costs
£||2025
£|2024
£|
||Conference costs|14,036|-|-||14,036|20,630|
||Cost of publications|107,154|.|-||107,154|53,607|
||Genealogical services|45,968|.|-||45,968|54,030|
||Guild costs|17,956|-|-||17,956|22,578|
||Fund raising expenses|-|51|-||51|50|
||Support Costs|-|-|241,528||241,528|251,824|
||Staff costs|“|-|27,017|°|27,017|-|
||Governance Costs (Note 4.2)|-|-|5,681||5,681|5,200|
|||185,114|51|274,226||459,391|407,919|
|4.2|GOVERNANCECOSTS|Direct
Costs
£|Other
Costs
£|Support
Costs
£||2025
£|2024
£|
||Charitable activities
- governance|-|.|5,681||5,681|5,200|
||costs|||||||
21
continued
## Ulster Historical Foundation NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2025
|4.3|SUPPORT COSTS|Charitable|Governance|2025|2024|
|---|---|---|---|---|---|
|||Activities|Costs|||
|||£|£|£|£|
||Depreciation on property renovations|133|-|133|178|
||Maintenance of premises|588|“|588|1,322|
||Insurance|5,319|-|5,319|5,026|
||Bad debts written off|133|-|133|887|
||Subscriptions|426|-|426|632|
||Rent, rates & electricity|24,331|-|24,331|25,303|
||Stationery & office consumables|5,622|-|5,622|5,670|
||Computerisation Costs|9,742|-|9,742|5,058|
||Postage|222|-|222|222|
||Staff costs|182,817|-|182,817|171,650|
||Travel & subsistence|1,872|-|1,872|2,812|
||Depreciation ofcomputer equipment|28,891|-|28,891|25,962|
||Legal, professional fees & training|2,300|5,681|7,981|5,660|
||Depreciation of office equipment|416|-|416|555|
||Bank & credit card charges|2,646|-|2,646|2,886|
||Telephone & fax|3,087|-|3,087|3,201|
|||268,545|5,681|274,226|257,024|
|5.|ANALYSIS OF SUPPORT COSTS|||||
|||||2025|2024|
|||||£|£|
||Depreciation on property renovations|||133|178|
||Maintenance of premises|||588|1,322|
||Insurance|||5,319|5,026|
||Bad debts written off|||133|887|
||Subscriptions|||426|632|
||Rent, rates & electricity|||24,331|25,303|
||Stationery & office consumables|||5,622|5,670|
||Computerisation Costs|||9,742|5,058|
||Postage|||222|222|
||Staff costs|||182,817|171,650|
||Travel & subsistence|||1,872|2,812|
||Depreciation ofcomputer equipment|||28,891|25,962|
||Legal, professional fees & training|||7,981|5,660|
||Depreciation of office equipment|||416|555|
||Bank & credit card charges|||2,646|2,886|
||Telephon & fax|||3,087|3,201|
|||||274,226|257 ,024|
|6.|NET INCOMING RESOURCES|||2025|2024|
|||||£|£|
||Net Incoming Resources are stated after charging/(crediting):|||||
||Depreciation oftangible assets|||29,440|26,695|
||Operating lease rentals|||||
||- Land and buildings|||15,000|15,000|
||Auditor's remuneration:|||||
||-auditservices|||5,681|5,200|
22
continued
## Ulster Historical Foundation NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2025
7. EMPLOYEES AND REMUNERATION
|The staffcosts comprise:|2025|2024|
|---|---|---|
||£|£|
|Wages and salaries|226,517|221,738|
|Social security costs|21,439|21,075|
|Pension costs|5,472|4,667|
||253,429|247,480|
During the year the total staff costs capitalised in respect of capital projects in 2024-25 amounted to £34,690 (2024: £36,766).
No employee received remuneration of more than £60,000 (2024: £60,000). Trustees are not remunerated or reimbursed for expenses in relation to their services to the Foundation (2024: £nil). Key management compensation for the year totalled £103,143 (2024: £102,868).
No indemnity insurance for Trustee's liability has been purchased by the Foundation (2023: Enil).
8.
## TANGIBLE FIXED ASSETS
|TANGIBLE FIXED ASSETS||||||
|---|---|---|---|---|---|
||Heritage|Computer|Office|Property|Total|
||Assets|Equipment|Equipment|Renovations||
||£|£|£|£|£|
|Cost or Valuation||||||
|At 1 April 2024|183,100|218,099|16,264|5,320|422,783|
|Additions
Revaluation|-
20,000|37,675
-|-
-|-
-|37,675
20,000|
|At 31 March 2025|203,100|255,774|16,264|5,320|480,458|
|Depreciation||||||
|At1 April 2024|-|140,455|14,599|4,788|159,842|
|Charge for the financial year|-|28,891|416|133|29,440|
|At 31 March 2025|-|169,346|15,015|4,921|189,282|
|Net book value||||||
|At 31 March 2025|203,100|86,428|1,249|399|291,176|
|At31March2024|183,100|77,644|1,665|532|262,941|
9. INVESTMENTS
||Group and|Total|
|---|---|---|
||participating||
||undertakings||
|Investments|£|£|
|Fair value|||
|At 31 March 2025|1|1|
|Net book value|||
|At 31 March 2025|1|1|
|At31March2024|1|1|
23
continued
## Ulster Historical Foundation NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2025
The Foundation's subsidiary undertaking is Ulster Historical Enterprises Limited, incorporated in Northern Ireland. The Foundation owns 100% of the Ordinary Share Capital of this company. The Trustees believe that the carrying value of the investments is supported by their underlying net assets. The subsidiary company is currently dormant. The subsidiary has net assets and reserves at 30 September 2025 of £1 (2024: £1)
10.
|The subsidiary company is currently dormant. The
2025 ofof £1 (2024: £1)|subsidiary has net assets and reserves at 30|September|
|---|---|---|
|STOCKS|2025|2024|
||£|£|
|Work in progress|16,825|16,042|
|Goods for resale|31,970|32,784|
||48,795|48,826|
There is no material difference between the replacement cost of stocks and their balance sheet values.
|11.|DEBTORS|2025|2024|
|---|---|---|---|
|||£|£|
||Trade debtors|30,962|34,025|
||Taxation and social security costs (Note 13)|-|1,473|
||Prepayments and accrued income|13,952|16,612|
|||44,914|52,110|
|12.|CREDITORS|2025|2024|
||Amounts falling due within one year|£|£|
||Bank loan|33,871|39,461|
||Trade creditors|19,410|25,901|
||Taxation and social security costs (Note 13)|12,809|10,250|
||Other creditors|414|414|
||Accruals and deferred income|44,508|34,950|
|||111,012|110,976|
|13.|TAXATION AND SOCIAL SECURITY|2025|2024|
|||£|£|
||Debtors:|||
||VAT|-|1,473|
||Creditors:|||
||VAT|3,110|-|
||PAYE/NI|9,699|10,250|
|||12,809|10,250|
24
continued
## Ulster Historical Foundation NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2025
**----- Start of picture text -----**
||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|14.|RESERVES|
|Revaluation|Funds|Designated|Total|
|reserve|Funds|
|£|£|£|£|
|At|the|beginning|of the|year|181,164|276,676|124|457,964|
|Surplus/(Deficit)|for|the|financial|year|20,000|6,199|-|26,199|
|Other|movements|-|31|(31)|-|
|At|the|end|of the|year|201,164|282,906|93,|484,163|
|Designated|funds|represent|capital|grants|on|fixed|assets|purchased|and|released|to|the|general|fund.|
|15.|FUNDS|
|15.1|RECONCILIATION|OF|MOVEMENT|IN|FUNDS|Unrestricted|Restricted|Total|
|Funds|Funds|Funds|
|£|£|£|
|At|1|April|2023|413,236|66,890|480,126|
|Movement|during|the|financial|year|(10,397)|(11,765)|(22,162)|
|At|31|March|2024|402,839|55,125|457,964|
|Movement|during|the|financial|year|49,629|(23,430)|26,199|
|At|31|March|2025|452,468|31,695|484,163|
|15.2|ANALYSIS|OF|MOVEMENTS|ON|FUNDS|
|Balance|Income|Expenditure|Transfers|Balance|
|1|April|between|31|March|
|2024|funds|2025|
|£|£|£|£|£|
|Restricted|funds|
|Holden|projects|(Ulster|Scots|1,680|-|-|(1,680)|-|
|Agency)|
|Holden|projects|(Ulster|Scots|1,594|-|-|(1,594)|-|
|Agency)|
|Holden:|Sweet|Clough|(Ulster|3,500|-|-|(3,500)|-|
|Scots|Agency)|
|Holden:|Kilwaughter|in|S|3,500|-|-|(3,500)|-|
|(UlsterScots|Agency)|
|Holden:|Ploughman's|Greath|(US|4,000|-|-|(4,000)|-|
|Agency)|
|Ulster-Scots|Encyclopedia|(Frank|10,000|-|-|(10,000)|-|
|Ferguson/UU)|
|Ulster-Scots|Poetry|book|2,800|-|-|(2,800)|-|
|(University|of|Ulster)|
|Community|based|First|World|1,467|-|-|-|1,467|
|War|Project|(Ireland|Funds)|
|Historic|Ulster|Publication|1,000|-|-|-|1,000|
|Ulster|Patent|rolls|project|3,525|-|-|(3,525)|-|
|Various|donors|(Dr|Brian|Trainor|336|500|-|-|836|
|Memorial|Lecture)|
|Memorial|tree|leaf|donations|2,320|”|-|-|2,320|
|Royalty|donations|6,905|287|(2,306)|(10)|4,876|
|Building|Fund(various|small|2,800|-|-|-|2,800|
|donors)|
|Esme|Mitchell|Trust|(£20k|total)|-|562|-|(3,805)|3,243|~|
|Researching|Ulster|Ancestors|
**----- End of picture text -----**
15.2 ANALYSIS OF MOVEMENTS ON FUNDS
25
continued
18
**----- Start of picture text -----**
Ulster Historical Foundation
NOTES TO THE FINANCIAL STATEMENTS
**----- End of picture text -----**
for the financial year ended 31 March 2025
|Esme Mitchell Trust (£20k total) -|856|-|(2,751)|1,895|-|
|---|---|---|---|---|---|
|Ulster Churches of the Plantation||||||
|Townland Atlas of Ulster (Mary|907|-|(907)|-|-|
|Jane Kuffner Hirt)||||||
|Down and Connor - PJ Corish|4,009|-|(536)|-|3,473|
|reprint||||||
|War Memorial Building -|2,000|-|(1,903)|-|97|
|Contribution towards Brian Barton||||||
|book||||||
|Esme Mitchell Fund - Ulster|1,364|-|(4,222)|2,858|-|
|1912-22||||||
|Esme Mitchell Fund - Grant|-|20,000|(5,223)|-|14,777|
|received for 3rd year recovery||||||
|(Covid)||||||
|Rev. Andrew Bryson sponsorship|-|1,000|(951)|-|49|
|Townland Atlas - Cooper|-|6,000|(6,000)|-|-|
|Richardson Fund||||||
||55,125|27,787|(28,604)|(22,613)|31,695|
|Unrestricted funds|eee||||-_—_|
|Designated Fund|124|-|-|(31)|93|
|Revaluation Reserve|181,164|20,000|-|-|201,164|
|Unrestricted General|221,551|437,803|(430,787)|22,644|251,211|
||402,839|457,803|(430,787)|22,613|452,468|
|Totalfunds|457,964|485,590|459,391|-|484,163|
## Restricted Income Funds
Lawrence Holden Projects (Ulster Scots Agency) — grant towards the production of publications and CD ROMs (forthcoming) compiled and edited by Lawrence Holden. (monies received in 2011-12)
Lawrence Holden Projects (Ulster Scots Agency) — grant towards the production of publications Sweet Clough CD ROM (forthcoming) compiled and edited by Lawrence Holden. (monies received in 2012-13)
Lawrence Holden Projects (Ulster Scots Agency) — grant towards the production of publications Kilwaughter in Spring CD ROM (forthcoming) compiled and edited by Lawrence Holden. (monies received in 2012-13)
Lawrence Holden Projects (Ulster Scots Agency) — grant towards the production of publications The Ploughman' s Greath publication (forthcoming) compiled and edited by Lawrence Holden. (monies received in 2012-13)
:
Ulster-Scots Encyclopaedia (Frank Ferguson and University of Ulster) - grant towards the production of an Encyclopaedia of Ulster-Scots writers, and associated conference papers, edited by Frank Ferguson. (monies received in 2012-13)
University of Ulster — grant towards the production of an Ulster-Scots Poetry collection edited by Frank Ferguson.
(monies received in 2011-12)
University of Ulster— grant towards the production ofa biography of John Reynolds by Neal Graham. (monies received in 2011-12)
Lurgan First World War Project (Centenary Youth) — grant towards the delivery of a shared history project for young people in the Lurgan area.
(monies received in 2012-13)
Esme Mitchell Trust — grant towards the production of historical Ulster publication (monies received in 2016-17)
26
continued
## Ulster Historical Foundation NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2025
The Ireland Funds — grant towards the delivery of a shared history community-based project on the First World War.
(monies received in 2013-14)
Ulster-Scots Agency — grant towards the production of a digitised CD ROM version of the Patent Rolls of James I. (monies received in 2013-14)
Various private donors — contributions received for various individual donors towards a fund to hold a bi-annual Dr Brian Trainor memorial lecture. (monies received 2018-19, 2019-20 and 2020-21)
Esme Mitchell Trust (year 1) — contribution towards the production of a number of publishing projects including: ‘The Maxwells of Finnebrogue’ by Anthony Malcomson (see above); Researching Ulster Ancestors and Ulster Churches of the Plantation. (monies received 2020-21)
Esme Mitchell Trust (year 2) — contribution towards website redevelopment and the creation of digital assets. (monies received 2021-22)
Mary Jane Kuffner Hirt — contribution towards the production of a ‘Townland Atlas of Ulster’ by Andrew Kane. (monies received 2021-22 and 2022-23)
Diocese of Down and Connor — contribution towards a new edition of The Irish Catholic Experience: a Historical Survey by P.J. Corish. (monies received 2022-23)
War Memorial Building — contribution towards the production of ‘The Mass Observation and Northern Ireland during the Second World War’ by Brian Barton. (monies received 2022-23)
Various private donors — contributions towards emigration memorial tree. (monies received 2019-20, 2020-21 and 2021-22)
Royalties donated by William Roulston and Patricia O’Callaghan to use towards other publication projects. (donated in 2019-20 to 2022-23 and 2023-24)
Various private donors including Cliff Radcliffe — contribution towards the Foundation’s building fund. (monies received 2018-19, 2020-21 and 2021-22)
Esme Mitchell Trust — contribution towards the publication of ‘Ulster 1912-22: Change, controversy and conflict’. (monies received 2023-24)
Esme Mitchell Trust (Year 3) — contribution towards digital resource and website development (monies received 2024-25)
Peter Smith — contribution towards the production of ‘The Reverend Andrew Bryson: The Life and Times of an Irish-speaking Presbyterian Minister’ (monies received 2024—25)
Cooper Richardson Fund — contribution towards the production of the ‘Townland Atlas of Ulster’ (monies received 2024—25)
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continued
## Ulster Historical Foundation NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2025
|15.3|ANALYSIS|OF NET ASSETS BY FUND|OF NET ASSETS BY FUND|||||
|---|---|---|---|---|---|---|---|
||||Fixed
assets|Financial
fixed|Current
assets|Current
liabilities|Total|
||||- charity use|assets||||
||||£|£|£|£|£|
||Unrestricted|general funds|291,176|1|303,998|(111,012)|484,163|
||||291,176|1|303,998|(111,012)|484,163|
16. OPERATING LEASE COMMITMENTS
At 31 March the charity had annual commitments under non-cancellable leases expiring as follows:
||2025|2024|
|---|---|---|
||£|£|
|Other - Within one year|-|1,612|
|Other - Within two to five years|-|403|
|Buildings - Within one year|17,500|15,000|
|Buildings - Within two to five years|70,000|15,000|
||87,500|65,239|
17. POST-BALANCE SHEET EVENTS
There have been no significant events affecting the Charity since the financial year-end.
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