MILFORD BUILDINGS PRESERVATION
TRUST ANNUAL REPORT
For the Year Ended 31 March 2024
st
11
MILFORD
HOUSE
Milford Buildin
s Preservation Trust is a com
an
limited b
U3r3ntee Re
istered in Northern I reland with
com
an
number N1054298 Re
istered Office address as above Re
istered as a chari
at the Inland
Revenue with reference number XR82797 Re
istered with the chari
Commission Northern Ireland
reference number 101166

Milford Bulldlngs Preservatlon Trust
Company limlted by guarantee
Financlal Statements
Year ended 31 March 2024
Contents
Page
Charity Reference and Administralrve Details
Trustees, Annual Report {Including Directors, Report)
Independent Examinerfs Report
ststemenl of Financial Activitiès (Including Income and Expenditure Account)
Balance Sheet
10
12
Notes to the Flnancial Statements
Detailed Income Ststement
13-17
18

Mllford Bulldings Preservation Trust
Company Ilmited by guarantee
Charlty Reference and Adminlstrative Details
Charlty reglstration number
NIC101166
Company registration number
N1054298
Trustees
Mr Stephen Mcmanus
Mary Lester
Mrs Catherine Rose M8rie Mcmanus
Mr Ivor Thomas Ethard Whitten
Registered office
48 Hill Street
Milford
Armagh
BT60 3PB
Accountant
WHR Accountants Ltd
Chartered Accountants
26 The Square
Moy
Co Tyrone
BT717SG
Bankers
Firsl Trust Bank
Dungannon
BT70 1AZ

Milford Bulldlngs Preservation Trust
Company limited by guarantee
Truslees, Annual Report (Including Dlre¢tors' Report)
Year ended 31 Ma￿h 2024
The Trustees present their report and the ffinancial ststements of the charty for the year 31*. March 2024. The
trustees have adopted the provisions of the Slatement of Recommended Practice (SORP) 'Accounting and
Reporting by Chartties. (FRS 102) in preparing the annual report and f nancial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out In notes to the
accounts and ccmpty with the charity's goveming document, the Charities Act 2008 and 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 published on 16
July 201418s amended by Update Bulletin 1 published on 2 February 2016).
General Information
The address of the charitable company's registered office is 48 Hill Street, Milford Villaye, Co. Armagh, BT60
3PB.
Trustees of the charity Milford Bulldings PreseNation Trust.
The directors of the charitable umpany are its trustees for the purposes of charity law. The trustees who hav8
served during the year and since the year end were as follows".
Mrs Catherine Rcse Marie Mcmanus (Chairperson)
Mr Stephen Mcmanus (Secretary}
Mary Lester (Treasurer)
Mr Ivor Thomas Edward Whitten
Objectives and activitles
The object of the charity as sel out in our Constitution is Milford Buildings Preservation Trust, for the benefit of
the nation, works to protect, promote and preserve and restore Milford House in Co. Armagh and the built and
natural heritage of the Milford area of Co. Amiagh. The irust owns the Milford House collections which is a
historic house collection and an A￿redited museum. The charity preserves the collections from Milford House
Co. Armagh. or9anises house tours. events, lectures, and publications to promote, encourage and educate the
public in the historic, architectural Importan￿ of Milford House Co. Armagh and the Milford area of Co. Armagh.
These collections are held in Trust in perpituity for the benefit of society.
The charity raises awareness of the buildings at risk, in need of restoration and regeneration working with the
community and local and national govemment to protect buildings of historic and archttectural interest by
encouraging them to be made listed buildings and monuments. This benefits the publi¢ through pride of place.
saving communities which would be destroyed or negatively altered through loss of built and natural herit#ge
and helping to regenerate the local community through heritage and tourisrn.
The charity teaches traditional building and craft skills which might otherwise be lost.
Public benefit statement
These benefits are demcnstrated through the sense of wellbeing from appreciating a beautiful building, place
or structure. A sense of inspiration from apprec18ting the arts, culture, heritage and science through enhanced
access to a historic building or important landmark. Milford House, Milford is a B1 Ilsted building of national and
international importance. It is famous as the first house in Ireland to have hydroelectricity and world famous as
the birthplace and home of William Mccrum who inventeLI the penalty kick. Today it is one of the top ten listed
buildings at most serious risk in Northern Ireland on the Built Heritage At Risk Registor. There are various other
buildings 2nd structures at risk assoclated with this hisloric property.

Milford Bulldings Preservation Trust
Company limited by guarantee
Tru5tees' Annual Report (includFng DITectors' Report)
Year ended 31 March 2024
The Milford area of County Armagh has gone into rapid decline since the closure of Milford factory in 1980. It Is
world famous for its industrial and sporting heritage. The￿ are no less that eleven listed buildings in the a￿a-
three on the Built Heritage At Risk Register. These buildings and structures of local, national and intemational
importance need to be protected, preserved and made accessible for perpetuity in order to prevent them being
lost.
The Charity's beneficiaries are the general public for the benefit of everyone regardless of social. economic,
ethnic or religious background and sexual orientation.
Prfvate beneflt to unintended beneficiarles
The only private benefrt flowing from this purpose are Trnstees and volunteers who receive training, are
reimbursed for travelling and certain sustenance expenses which are both incidental as they contribute to
towards achieving the charity's purposes and are a necessary result or byproduct of carrying out the purposes.
Potentlal hann and re5triction$ on publlc benefit
There is no harm flowing from this purpose. There is a small charge to cover the services and facilities which
are expensive to run. To ensure the poor and those with limited income are not excluded there are free entry
days and concessionary fees available.
Other purposes of the charity
To restore renovate and Conserve the gardens parkland planned landscapes and other open spaces and land
associated with or re13ted to such buildings or structures.
Benefits flowing from this purpose
The direct benefits which flow from this purpose include the advancernent of the arts, culture, herilage and
science through enhanced public understanding ef history through access being granted to gardens parkland
planned landscapes and other open spaces and land associated with or related to such historic buildings,
important landmarks or structures being preserved for the enjoyment of future generations.
Furthering our Public Benefits
The Trust continued to actively work to raise awareness of Milford House which is one of the top ten listed
buildings at risk in Northem Ireland. Meetings with various government departments has been held in relation
to this. The matter is ongoing. The Trust also continued to work to raise awareness of build 8nd natural
heritage at risk in general.
Public benefit statement
These benefits are demonstrated through the sense of wellbeing from appreciating a beautiful building, place
or structure. A sense of inspiration from appreciating the arts, culture, heritage and science through enhanced
access to a historic building or important landmark. Milford House is a B1 listed building of national and
intemational importance. It is famous as the first house in Ireland to have hydroelectricity and world famous as
the birthplace and home of William Mccrum who invented the penalty kick. Today il is one of the top ten listed
buildings at mcst serious nsk In Northern Ireland on the Built Heritage At RISK Register. There are various other
buildings and structures at risk associated wth this historic propety.
The Milford area of County Armagh has gone into rapid decline since the closure of Milford factory in 1980. It is
world famous for ils industrial and sporting heritage. There are no less that eleven listed buildings in the area
three on the Bulll Heri18ge At Risk Register. These buildings and struCtu￿S of local. national and internation81
importance need to be protected, preserved and rnade accessible for perpetuity in order to prevent them being
lost.

Ilford Buildlngs Preservation Trust
Company Ilmited by guarantee
Trustees, Annual Report (including Directors, Report)
Year ended 31 March 2024
The Charity's beneficiaries are the general public for the benefit of everyone regardless of social, economic,
ethnic or religious background and sexual orientation.
Milford Buildings Preservation Trust holds in trust in perpetuity the collections, artworks and archives from
Milford House. It administers a historic house in Armagh city which is now the M¢Grum Miller family home. It
seeks to acquire and display lost artworks from MilTord Hose to tell story of Milford House from its story as a
private house to Manor House School up to present day. The charity holds copyright over all the collections,
athorks and archives it holds in perpetuity. The heritage it holds in Trust is world famous thanks to story of
William Mccrum and invention of penalty kick wle.
Prfvate benefit to unintended beneficiarles
The only private benefit flowing from this purpose are Trustees and volunteers who re￿1ve training, are
reirnbursed for travelling and certain sustenance expenses wttlch are both incidental as they contribute to
towards achieving the charity's purposes and are a necessary result or byproduct of carrying Out the purposes.
Potential harm and restrlctions on publlc benefit
There is no harni flowing from this purpose. There is a small charge to cover the services and facilities which
are expensive to run. To ensure the poor and those with limited income are not excluded there are free entry
days and concessionary fees available.
Other purposes of the charity
To restore renovate and conserve the gardens parkland planned landscapes and other open spaces and land
associated wth or related to such buildings or structures.
Benefits flowlng from this purpose
The direct benefits which flow from this purpose include the advan￿rnent of the arts, culture, heritage and
science through enhanced public understanding of history through access being granted to gardens parkland
planned landscapes and other open spaces and land associated wtth or related to such historic bulldings.
important landmarks or structures being preserved for the enjoyment of future generations.
Furthering our Publlc Benefits
In June 2022 the Trust Secretary and curator Stephen Mcmanus was admttted to St. Georges Hospital London
for emergency surgery for severely burst appendix. He was in hospital forover a month and recovery was slow.
In September 2022 he had emergency surgery in Royal Infirmary Edinburgh for a blockage relating to first
surgery. He was in hospital for over a month. In November 2022 he was admitted through A& E to Craigavon
Hospital for a week relating to complications from surgery. This resulted in some events being cancelled and
projects delayed or postponed. Stephen McManu5 has returned to his work at Milford House, but he continues
to recover, and the Trust has adapted to his tsking breaks for medical appointments.
European Open Heritage Weekend
The European Open Heritage Weekend in September 2023 was a huge success and an opportunity to
showcase what we have to offer for visitors. The Trust had feared with13ck of promotion from European Open
Heritage organizers that there would not be much interest. Indeed, EOH organizers in Belfast dld nol start
promoting it and contacting organizers until18te June. However, visitor numbers were high, and Milford House
continued to be attract one of the biggest visitor numbers of the European Open Heritage weekend.

Milford Building5 Preservation Trust
Company limited by guarantee
Trustees, Annual Report (includlng Directors, Report)
Year ended 31 March 2024
Amiagh Food and Cider Festival
Armagh Banbridge Craigavon 8orough Council Invited Milford Buildings Preservation Trust to day part in the
Armagh Food and Cider Festival. This coincided with European Open Heritage Weekend and ran for four days
in the second weekend in September. Special house tours With themes on what the family ate and drank took
place and 8 talk on Edwardian Etiquette. All events were sold out. Events included
Fdwardian Etiquette talks
Food themed house lours exploring how the Mccrum family ate and entertained
Amiagh Georgian Festival
Th8 Armagh Georgian Festival was planned for November 2023 and all tickets for events 501d out. The event
was a huge success. Events included Georgian Afternoon Tea on Thursday, Friday, Saturday and Sunday were
sold out as was all the Georgian House tours on each day. Unfortunately. Armagh Banbridge Craigavon
8orough Council were not willing to lake bookings, so this compllcated the events as Mitford Buildings
Preservation Trust struggled to work with Eventbrite booking system.
Afternoon Tea
Silver service Aftemoon Tea in the Dining Room bookings continue to increase. The Trustees must be
commended for organizing bookings in the curators absence and providing five star silver service. It
demonstrates Milford House as a working histori¢ house and attracts visitors whojustwanl to enjoy opportunities
to socialize. Milford Buildings Preservation Trust continues to promotè this and explore ways for more
experiential visits to provide new audiences to enjoy the propety in different ways
Paranornial Investigatlons
The Paranormal Investigation bookings have become a regular event and are extremely popular. This attracts
different kinds of audiences which Milford Buildings Preservation Trust has been unsure about. However, it has
been very successful and beneficial since the donations help support the running costs of the property.
Website
During the pandemic the Milford Buildings Preservatlon Trust website crashed and became unavailable. It
requires being upgraded and redesigned. Th8 Trust was successful in securing emergency funding which will
ensure it can be redesigned. It is Currently being designed by CMS Elesign. However, progress has been slow
due to various issues. The Trust continues to develop and improve website.
University Placements
Milford Buildings Preservaticn Trust continued to work Queens University Belfast offering pcstgraduates in
museum studies student placements. The Trust was approached by Dr.Leonie Hannan during the summer cf
2021 and Stephen Mcmanus put together proposals which were also advertised through Northern Ireland
Museums Council. Sadly Dr. Hannan reported back that no students wanted to volunteer with Milford House in
2023. She said it was due to the wide variety of p18cements offered by other museums and historic houses. She
hoped Milford Buildings Preservation Trust would offer placements in 2024 and the Trust confirmed it is
delighted to continue partnership with Queens University. It is also hoped to explo￿ Student placements with
University of Ulster.
Conservation project
Care of Collections & restoration
The Trust continued to care for the collections. Restoration work of 3 Vtctoria Street which began In 2016
continued and two bedrooms were carpeted thanks to generous support of Lllster Carpets. Catsloguing and
updates of existing re¢ords continue. Conservation and representation of the Drawing Room and bedrooms
continue. Focus has been on presenting rooms according to Milford House 1930 auction catslogue.

Milford Bulldlngs Preservation Trust
Company limited by guarantee
Trustees, Annual Report (including Directors. Report)
Year ended 31 March 2024
A Collections Review Report was undertaken by Sean Madden Conservator. This was recommended by
Northem Ireland Museums Council to provide a clearer understanding of the collection's conseNation needs
and forward plans to develop the collections. Northern Ireland Museums Council grant funded the report with a
small ¢ontrtbution from Milford Buildings Preservation Trust. As part of this report the Trust has identrfied the
need to represent the rooms according to the 1930 Milford House Auction Inventory and develop the collections
accordingly. This will give future generations an accurate understanding of what Mllford House looked like and
the opulence and grandeur in which the Mccrum family lived. The impact Covid pandemic has set back many
of these projects.
Equ4pment
Glynebourne in March 2022 offered free transfer of museum display case for costume on Museum Association
website. Milford Buildings Preservation Trust accepted the display case and tt has been collected by Armour
Systems Limited (who Glynebourne stated made the case). After collection Amiour Systems Ltd said they didn't
make the case it wa9 made by Click Netherfield. The case was made in 2002 and valued at £10,000.
Discussions are ongoing about transporting the case over but issues with Brexit have complicated the rnatter
regarding transporL The Trust continues to work with Armour Security to arrange trdnsport of display case with
Armour Security.
Acqulsltions
2023 saw a major acquisition project with Milford House working in partnership with Brighton Museum and
Pavilion. Brighton generously gave on loan a four poster Chinese style bed known as the 'Kings bed,. it had
been on display in bedroom of King George IV for many years al Brighton Pavilion until Royal Collection gave
on loan a bed belonging to George IV from Windsor Castle. The bequest also included transfer and loan term
loan of many tables and items of fumiture for rep￿SentatiOn. It also included transfer of￿0 sets of bedhanging's
for the bed.
Brighton Pavilion also transferred by gift a Mott Grand Piano formerty on display 8t Brighton Pavilion. Queen
Victoria had taken the original which is now at Buckingham Palace. In 1920 Queen Mary purchased and donated
this Mott Piano to Brighton which matched the original taken by Queen Victoria. As Brighton Pavilion had
acquired through funding another original Mott piano which was originally in the Pavilion, they offered Queen
Mary s piano to Milford House.
The Kings bed and Mott piano are ivorks of art and will be star items in Milford House. The project and transfer
of it8ms is very generously ftjnded by Ulster Garden Villages.
The Rev. John Miller and his wrfe Joan ¢onlinued to very generously donate and return various lost items from
Milford House in 2023. Items donated included
Ivory elephants belonging to J.V Collins
An Irish ftag which belonged to Peggy Miller.
The Rev. John Miller, his wife Joan and their daughter Margaret vistted from Naim Scodand.
Places of Science Project
In 2022 Milford Bulldings Preservation Trust was awarded a £3,000 grant from Royal Society for Places of
Science. The project was lo accurately recreate the famous waterfall in the Dining Room, recreate servants
hydraulic lift. purchase servants bell system and recreate the celebrated Dishwasher R.G Mccrum had invented
for Milford House.
Hydraulic Lift- This was a challenge because all the Trust had was description from the late William Mccrum
Miller R.M of how he loved to visit his grandfather and play to hydraulic lift to get coal from basement. Milford
House was extended al the back by Manor House School and so the lift does not survive. However the curator
Stephen Mcmanus visited Cragside House in Northumberland the first house in the world to be lit with
hydroelectricity- It is similar to Milford House which was the first in Ireland to be lit with hydroelectricity. Cragside
still has its servant's hydraulic lift. The curator was able to create an informalion panel as to how the lift at Milford
House Operated with hydraulic rigger. The chairperson Catherine Mcmanus and Stephen Mcmanus visited
Wilson Architectural Salvage.

Milford Bulldings Preservation Trust
Company Ilmlted by guarantee
Trustees, Annual Report (includlng Dlrectors, Report)
Year ended 31 March 2024
They saw a set of three doors wtth stain glass windows. It was three doors fixed together. This was purchased
and with the help of Mens Shed Armagh volunteers reconstructed at Milford House 3 Victoria Street and now
appears as entr8nce to hydraulic lift.
Dishwasher- This project proved an immense challenge. R.G Mccrum invented dishwasher but no image of it
SUNives. Cragside House in Northumberland has a Victorian dishwasher. It was basically a metal box which
rinsed dishes. There are many images of early dishwashers. The curator Stephen Mcmanus found an 1885
dishwasher in the Science Museum London collection. No image was available online but when he enquired
about a loan of the object Science Museum said they were moving stores and not giving out loans until 2025.
The Trust was reconciled to recreating a dishwasher but by chance Stephen Mcmanus found an Victorian Tub
dishwasher for sale on ebay. It was at Kilkurdy House in Scotland. The dishwasherwas purchased by transport
proved a nightmare. No courier would collect it so the owners at Kilkurdy House got their staff to wrap it and put
it on a pallet. However, no courier wanted to collect a pallet nor since Brexit did they want to go from Scotland
to Northem Ireland. It was purchased in summer of 2022 but only delivered in Febnjary 2023.
Waterfall- From the descriptions ofwaterfall at Milford House the Trust knew itwas a grotto in a wall and a table
fountain in middle of dinning table that seated Iwenty four people. The Trustees searched and searched online
finding water features but all proved too small contemporary or cheap. However Stephen Mcmanus found
through Etsy.co.uk a designer called Andy Oram at Sunbeams. He made bespoke water features in copper.
Andy worked with Stephen Mcmanus to design and create a table fountain which matched the description of
what was in Milford House. It is a working water feature and a suitable glass base was found.
Servants bells - Milford House had an electric push button bell system. The original bell box at Milford House
was lost. However the push buttons survive in some rooms to show it was an electric bell system. Antique bell
boxes are readily available but getting one large enough that had the rooms labels to match Milford House wrth
its ￿e1ve bedrooms proved impossible. Eventually Stephen Mcmanus found a large bell box with no room labels
and got a shop in Armagh city to add the labels that matched the downstairs rooms in Milford House. He them
found on ebay.co.uk a second electric bell box which only had bedrooms on it and listed same number of
bedrooms in Milford House.
Installation of these items was very generously undertaken by volunteers from Armagh Men's Shed.
Conservation work
As result of installation of new displays and acquisitions there was reduced opening of the house in 2023 to
visitors. The instsllation of the Mott piano and Kings bed required closing the bedrooms and Drawing Room for
representation. Decoration work was also required in one bedroom following repairs to burst pipe in 2022. This
gave opportunity In 2023 to update catalogue records and continue to catalogue the collection.
Financial revlew
During the year, the ¢harlty re￿Ived £11,963 from various sources of income such as grants and donatlons.
Expenditure during the year amounted to £12,100. Of this, £2,018 was spent on costs directly for the purposes
cflh8 charity, with £238 of this recorded as fixed asset additions. Unavoidable overheads totaled £10,OS2.
At the year end, the charity had funds in reserve totaling £15,786.
Plans for future periods
Restoration and Campaigning
To continue the primary aim ofmilford Buildings Preservation Trust to save Milford House Co. Armagh for benefit
of the nation. To protect, promote preserve and restore Milford House Co. Armagh its gardens and parkland for
public benefit. Raise awareness of plight of the house and campaign to save it. To continu& to protect. promote
preserve and restore buildings and places in the area of built, industrial and social importance for public benef

Mllford Bulldings Preservatlon Trust
Company limited by guarantee
Trustees. Annual Report (Including Dlrectors, Report)
Year ended 31 March 2024
Conservatlon Projects
The Trust has already secured funding of £10,000 which conserved three of the four Mccrum family portraits in
the Armagh County Museum Collection. These have been conserved by Decowell and generously given on
loan to Milford Buildings Preservation Trust by Armagh County Museum.
Milford Buildings Preservation Trust plans to complete this project by raising £4,000 to conseNe the last family
portrait of Martha WenMorth so it can be permanently displayed at Milford House 3 Victoria Street Arniagh
Collectlons Development
To continu@ to search for lost contents of Milford House and acquire lost items, In absence of original contents,
the charity plans to acquire items which closely match those that were in Milford House. To continue to develop
the collections in general. This is part of a long-term major project to restore the appearance of tle house to
exactly how the Mccrum family would have known it prior to 1930. In doing so it improves visitors, interaction
and enjoyment for future generations. The continued long term presentation plan is to present Milford House as
a working historic house with museum accreditation rather than a static museum. This Combines the
Hillsborough Castle model (a working historic residence open to public} with National Trust model. Barriers are
avoided where possible to retain lived in atmosphere appreciated by the public.
The charty plans to conserve and put on a permanent display of further Mccrum portraits and otherfamily ttems
that are in the Armagh County Museum Collection. The Trust is working with the County Museum to secure
these loans and meet their requirements as these are essential items that were once in Milford House.
As part of the Collections Development. it is planned to improve presentation of the Drawing Room, Bedrooms,
Dining Room and Morning Room
A Collections Care and Developmènl Audit is planned for future to ascertain exactly what gaps there are in the
collection and conservation needs.
Further research of the 193D Milford House auction catalogue and family papers is providing greater
understanding of Milford House was originally fumished.
Vlsitor faclllties
To Continue to improve visitor facilities. The need for visitor facilities will be 8scert8ined through the Collections
Cere and Development AudiL Collections will continue to be conserved as funds become available.
Mafntenance
It is planned to continue the restoration, representation of rooms and upkeep of 3 Victoria Street, Armagh and
make more of the propety publicly accessible. It was discovered that there was problems with the roof and
W3ierwas penetrating into the wall ofthe back bedroom. This was repaired by the Trust and wallpaper removed
to 811ow the bedroom wall to dry out.
Volunteer was re¢ruited to tidy up and maintain the overgrown back garden and pemianently remove problem
of weeds growing in back yard.
Renewal of A￿reditatIOn
Full Accreditation w3s Renewed in 2018. Northern Ireland Museums Council recommended that È Consenjation
report be produced to identify good conservation and environmental practice and areas for improvement. Given
the circumstances of the COVID pandemic, Northem Ireland Museums Council has announced that renewal of
Accrèditation for museum in Northern Ireland would be extended by one year.
Conservation Monitorlng: The strict ￿gUlatiOnS of the initial lockdown prevented the curator accessing the
historic house and a Trustee undertook environmental monitoring. When restrfctions eased and the house
was opened up again the curator was able to resume working onsite.

Mllford Buildings Preservatlon Trust
Company Ilmlted by guarantee
Trustees, Annual Report (including Directors, Report)
Year ended 31 March 2024
Reslllence= The Trustees undertook online Resilience Training which was organized by Amiagh Banbridge
Craigavon Borough Council. This indudes good governance, recruitment of Trustees and volunteers. Ensures
long term Sustsinability. Funding being sought for this project.
Statement of ¢omplSance
The trustees of Milford Building Preservation Trust, during the year, complied wilh their duty to have due regard
to the guidance provided by the Charity Commission for North8rn Ireland when exercising any powers or duties
to which the guidance is relevant.
Trustees, responsibilities
The trustees (who are 21so directors of Milford Buildings Preservation Trust Limited for the purposes ofcompany
law) are responsible for preparlng the Trustees. Annual Report and the financial statements in accordance wtth
applicable law and Untted Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
Company law requlres the trustees to prepare financial statements for each financial year, which give a true and
fair view of the state of affairs of the charitable company and of the incoming resources and application of
resources, including the income and expenditure, of the charitable company for Ihat period. In preparing these
financial statements, the trustees are required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the Charilies SORP:
make judgements and estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards have been followed, subject to any
malerial departures disclosed and explained in the financial ststements.
prepare the financial statements on the going concern basis unless it ts inappropriate to
presume thal the charitable company will continue in operation.
Trustees, Trsponsibllitie5
The trustees are responsible for keeping adequate accounting records Ihat disclose with reasonable accuracy
at any time the financial position of the charitable company and enable them to ensure that the financial
statements comply wth the Companies Act 2006. They are also responsible for safeguarding the assets ofthe
charitable company and hence for taking reasonable steps for the prevention and detection of fraucl and other
irregularities.
Small company provisions
This report has been prepared in accordancè with provisions applicable lo companies entitled to the small
companies exemption.
This report was approved by the board of trustees on 28th March 2025 and signed on behalf of the board by:
stephen Mcmanus
Charity registration number: NIC101166
Company registration number: N1054298

Milford Buildings Preservation Trust
Company Ilmltod by guarantee
Ind@pondTJnt Examiner's Report
Year ended 31 March 2024
I report cn the accounts of the company for the year endad 31k I￿arch 2024 which are tr￿et out on pages 1Q to
16.
Respective responsibllltles of trnstees and examlner
As the charilv Iruslees (and also the direGlors of company for ihg purposes of cornpary law) you Ere
responsible for the pieparatlon olthr& accounts in accordance with the requirements of the Companies Act 200D.
Having satisfied myself that the charity is not subject to aL'dil unoer company law, and is eligible for independent
examlnatlon, it is my responsibility to..
examlne the accodnls under section 65 of the Charilios Act (Northem Ireland) 2008.,
follow thE prDcedures laid down In Ihe general Directions glven by the ChaTity Commission for Northern
Ireland under section 6519llb) OT (he Charibe4 Acl: and
statc whether particular malters have comc to my attention.
Basls of Sndapendent oxaminer's repcfjrt
I have 8xamined your charity accounts es requiptsd undc.r section 65 of thè Charities Act and my ex8mlnation
was carried out in a.-cordance ivith the general Dircctions given by the Charity Commlssion for Non*iem Ireland
undcr section 6519)(bl ol the Chariiies Act. Thc examina'iion inpluDed 3 review of the accounting records keg1
by Éh8 chaTity' and 8 umparison oi ihe ntsccounts presented iviLh thos8 records. It also in¢ludes consid6Rilon of
any unus¢Jal ilems or di.
tclosures in the aceounls and sekniklp,g Éxplanalions from you ￿ charity trustee>
oncernins any such matiers.
Mv rolo is lo stale whethar any mzterial mallers havc conie to my attention givlng me cause lu believe:
1. That accDLinliiig records iwere not kept in accordancc iiiilh 5e-
-tion 386 of the Corytpani8s Aci 2006
That the 8ccounis do not accord ililh those accounting rc¢ords
3. Thol irie accounts do not comply wlth the accounting requiremgnts of seci(on 39v of the Companies Act
2008 and Wilh the methods (Jnd p".inciple8 of Ine Charities StaternBnl of Recommended Practice applicable
to charilies prepariii g Iheir 2ccounls in accordance i.viih tho FinariciJl Reporting Slandard applicable in the
UK ana Republic of Ireland
4. That thgrg is further information neeoed for a proper undErsl8ndlng of the accounts to be reothed.
Independent examlnpls statement
I have cOmplet￿d my examination 8nd havè no concerntri in respect of Iho maiter$11) to14) lisled above and, In
connection with following the Directions of Ehe Charity Commission for Klorthern Iroland, I have ftsund no maliers
that require rJrdwing to your aiienliLIn.
Androw Gilpin
WHR Account3nts Ltd
Chartared Accotkntants
26 The Square
loy
Co Tyrone
BT/1 7SG
28 March 2025
io

Mllford Buildings Preservation Trust
Company Ilmited by guarantee
Statement of financial activities
Year ended 31 March 2024
Unrestricte
Funds
Restricted
Funds
Total
2024
Total
2023
Income
Voluntary Receipts
Donations and Gift Aid
Grants
Other income
2,114
2,114
7.480
2,369
1.537
15,698
7,480
2.369
4,483
7,480
11.963
17.235
Expenditurè
Cost of Fundratsing
Cost of Charitable Activities
G0Veman￿ Costs
9,270
812
1,691
89
10,961
901
15,728
791
Total paym8nts
10,082
1,780
11,862
16,519
Net incomel(expenditurel
Transfers tol(from) funds
Surplusl(deficlt) for the year
(5,599)
5,700
101
716
11

Milford Buildings Preservation Trust
Company limited by guarantee
Balance Sheet
Year ended 31 March 2024
2024
2023
Note
Fixed assets
Heritage assets
19,190
19.041
19,190
19,041
Current assets
Debtors
Creditors: amounts falling due
within one year
Net current (liabllltles)lassets
Total assets less current Ilabilities
{3,404}
(3.356)
(3,404)
{3,356)
15,786
15,685
Net assets
15,786
15,685
Capital and reserves
Restricted funds
Unrestricted funds
10
10
43.659
(27,873)
37,959
(22,274)
Total funds
10
15,786
15,685
The directors are satisfied that the company is entitled to exemption from audit under section 477 of the
Companies Act 2006 and that members have not required an audit in accordance with section 476.
Th& directors acknowledge their responsibilities for complying with the requirements of Companies Act 2006
with respect to a¢¢ounting records and preparation of financial statements.
The financial statements have been prepared in accordanoe with the special provision in Part 15 of the
Companies Act 2006 to companies subject to the small companies, regime.
The financial statements were approved and authorised for issue by the Board on 28th March 2025.
Signed on behalf of the board of tnjstees:
Mr Stephen M
Director
anus
Company registration number: N1054298
12

Milford Buildings Preservation Trust
Company limlted by guarantee
Notes to the financial statements
Year ended 31 March 2024
Summary of signlffcant accountlng policles
(a) General inforniatlon and basis of preparatlon
The Milford Buildings Preservation Trust Limited is a company limited by guarantee in Northem Ireland. In
the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member
of the ¢harity. The address of the registered office is given in the charity information of these financial
statements.
The Bharity constitutes a public benefit entity as defined by FRS 102. The financial stalements have been
prepared in aceordance wth Accounting and Reporting by Charities: Statement of Recommended Practice
applicable to charities prepartng their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) issued on 16th July 2014 (as updated through
Update Bulletin 1 published on 2nd February 2016), the Financial Reporting standa￿ applicable in the
United Kingdom and Republic of Ireland IFRS 102}, the Charities Act 2008, the Companies Act 2006 and
UK Generally A¢¢epted Accounting Practi￿ as it applies from January 2015.
The charity has applied Update Bulletin 1 as published on 2nd February 2016 and dofys not include a cash
flow statement on the grounds that it is applying FRS 102 Section 1A.
The financial statements are prepared on a going concern basis under the historical cost convention,
modified to include certain items at fair value. The financial statements are presented in sterling which is
the funclional currency of the Charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial ststements are set out
below. These policies have been consistently applied to all years presented unless otherwise stated.
(b) Funds
In the Statement of Financial Activities, funds are classifled as elther restricted funds or unrestrlcted funds.,
defined as follows:
Unrestricted funds can be used in accordan￿ with the Charitable ob}ectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
{c> Incomè recognition
Income is recognised when the charitable company has entitlement to the funds, any performance
conditions attached to the item{sJ of income have been met, it is probable that the income will be received,
and the arnount can be measured reliably.
(d) Exp8ndlture recognition
All expendlture is accounted for on an accru8ls basis and has been classified under headings that
aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive
obligation to m8ke payments to third parties, it is probable that the settlement will be required, and the
arnount of the obligation can be measured reliably. 11 is categorised under the follcwing headings:
Expenditure on charitsble activrties includes production expenditure", and
Other expenditure represents those items not falling into the category above.
(e) Support costs allocation
Support costs are those that assist the work of the charity but do not directly represent charitable activities
and include office costs and premises costs. They are incurred directly in support of expenditure on the
objects of the charity,
13

Mllford Bulldlngs Preservatlon Trust
Company limlted by guarantee
Notes to the financlal statements
Year ended 31 March 2024
Fund-raising costs are those incurred in seeking voluntsry contributions and do not include the costs of
disseminating infomiation in support of the charitable activities.
The analysis of these costs is included in note 7 and 8.
(fj Debtors and credltors recelvable I payable wilhin one year
Debtots and creditors with no stated Interest rete and receivable or payable ivithin one year are recorded
at transaction prioe. Any losses arising from impairment are recognised in expenditure.
(g) Taxatlon
The charity is an exempt charty within the meaning of schedule 3 of the Charities Act 2011 and is
considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets
the definition of a charttable company for UK corporation tax purposes.
(h) Going ¢on¢ern
The financial statements have been prepared on a going concem 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 months from authorising these flnancial statements. The budgeted
income and expendilure is sufficient with the level of reserves for the charity to be able to continue as a
going concern.
(i) Judgements and key source$ of estimation uncertalnty
The trustees do not feel there any material judgements or key sources of estimatlon unc8rtainty in these
accounts.
(i} Heritage assets
Heritage assets are initially recorded at cost or at deemed valuation where items have been donated.
{k) Depreclatlon
Heritage assets are Lleemed to h2ve infintte lives and are therefore not depreciated.
Other assets have been depreciated at 200/9 reducing balance.
If there is an indication that there has been a significant change in depreciation rate, useful life or
residual value of tangible assets, the depreciation is revis@d prospectively to reflect the new estimates.
(l) Impaimient
A review for indicators of impairment IS C8rrled out at each reporting date, with the recoverable amount
being estimated where such indicators exist. Where the carrying value exceeds the recoverable
amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at
each reporting date.
When it is not possible to estimate the recoverable amounl of an individual asset, an estimate is made
of th8 recoverable amount Df the cash-generating unit to which the asset belongs. The cash-generating
unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that
are largely independent of the cash inflcws from other assets or groups of assets.
14

Milford Buildings Preservation Trust
Cornpany limited by guarantee
Notes to the financial statements
Year ended 31 March 2024
Limited by guarantee
The company is limited by guarantee, and the liability of its members is limited to £1, in the event of the
winding up or dissolution ofthe company.
Heritage assets
Colle¢tables
Total
Cost
As at 1 April 2023
Addttions
Grants
19.956
238
19,956
238
At 31 March 2024
20,194
20,194
Depreclation
As at 1 April 2023
Charge for year
915
89
915
89
At 31 March 2024
1,004
1,004
Carying amount
At 31 March 2024
19,190
19,190
At 31 March 2023
19,041
19,041
Debtors
2024
2023
Other debtors Igrantsl
Creditors: amounts falling due withln one year
2024
2023
Bank loans and overdrafts
Other creditors and unexpired income
2,439
965
1,766
1,590
3,404
3,358
15

Milford Bulldlngs Preservation Trust
Company limited by guarantee
Notes to the fjnanclal statements
Year ended 31 March 2024
Grants received during the year
The following grdnts were received during the year.-
Northem Ireland Museums Council
Museums Association
Royal Society Places of Science
ABC Council
Foyle Foundation
Ulster Garden Village
Radcliffe Trust
3,OQO
5,700
3,500
200
4.000
1,818
400
6,080
1,000
7,480
18,218
Analysis of expendlture on charltable actlvltles
Activities
undertaken
directly
Support costs
Total
Exhibition costs
1,691
9,270
10,961
1,691
9,270
10,961
All activities undertaken directly were attributable to restricted fund while all support costs were
attributable to unrestricted costs.
Analysls of expendlture on governance Costs
Activities
undertaken
directly
Support costs
Total
Bank charges & interest
Deprecialion
Accountsncy fees
297
297
89
515
89
515
89
812
901
Accountancy and bank fees were attributable to unrestricted funds. Depreciation related to restricted
funds.
Trustees, and key management personnel remuneration and expenses
The trustees neither received nor waived any remuner3tion during the year (2023: £Nil).
The tru5tee5 did not have any expenses reimbursed during the year12023- £NII).
16

Mllford Bulldings Preservation Trust
Company limited by guarantee
Notes to the financial statements
Year ended 31 March 2024
10. Fund reconcillatlon
Balance at
1 ts1 April
2023
Ba13nce at
31$1 March
2024
Income
Expenditure
Unrestricted
Restricted
(22,274)
37,959
4,483
7,480
10,082
1,780
(27,873)
43,659
15,685
11,963
11,862
15.786
The followlng pages do not form part of the statutory accounts.
17

Milford Bulldlngs Preservation Trust
Company limlted by guarantee
Detailed Income statement
Year ended 31 MarGh 2024
2024
2023
Income
Box Donations
Grants
2,114
7,480
1.537
15,698
9,594
17,235
Overheads
Aflministratlve expenses
Exhibitlons èxpenses
Insurance
Light and heat
Repairs and maintenance
Post and Stationary
11,691)
{816)
(116}
{23)
(7,3431
{6,001)
(754)
(506)
{846)
(2,398)
F 11
Advertising
Travelling
Accountancy fees
Bank charges
General expenses
Depreciation
(252)
(720)
(515)
(118)
{3,31 $1
(1,830)
1460)
1147)
178)
(111)
(89)
(11,683}
116,446)
Other Income
2.369
Operatlng surplus
280
789
Interest payable and sirnilar expenses
Net Income
1179)
(731
101
716
18