Company registration numbeT". N100069 Chatity registration number. NIC101263 Royal Society of Ulster Architects known as RSUA {A conyany kimited by guarantee) Amiual Report and FillaDrkal Statements for the Year Ended 31 Mgrch 2023 Hopper & Co Charter¢d Accountants & Re￿stered Auditors 6 Doagh Road Ballyclare Co Anttim BT39 9BG Royal Society of Ulster Architects known as RSUA Contents R¢f¢renc# and Administrative Details Ito2 T￿￿te¢s, Report 3tolO Independettt EKamineVs Rq)ort li Statement of Ftllancial Activities 12to13 Balance Sheet 14to 15 Notes to the Financial Statements 16to28 Royal Society of Ulster Arehfitects known as RSUA Reference and Administrative Detsils Truste¢$ P MoAlister, President J Lavery, Vice President (appointed 27 June 2022) D MacRandal, Immediate Past President K Sinwson. Hon Secretsry M Hare. Hon TreasuTer D Coyles K Crilly R Dougherty (appointed 28 May 2022) J Grieve R Hall C Fearon F Harron A Jones A Keys (Retired 28 May 2022) J LaTmour (Retired 28 May 2022) T Ltaker C Mallon N Matthews J Mccoy A McGee P Monagh2tt (Reiired 28 May 2022) A O'Dohety M Reid C Shaw H Stoleovah G Wilson (resigned 28 May 2022} C BTOWW Co-opted Member (appointed 26 September 2022) Secretary CFOX Other oificers R Caitbness D Mac Laimhin D Meenall S McGurk L Weston Page I Royal Society of Ulster Architects known as RSUA Reference and Administrative Details Senior Managem¢llt l Leadershlp Mr Ciaran Fo& Director Charity Registratlon Number NIC101263 Compan), Registration Nuniber N100069 The chaLIty is incoTporated in Northern Ireland. 2 Mount Charles Belfast Co. Antrim BT7 INZ R¢gistered Offit¢ Auditor Hopper & Co Chartered Accowitants & Registered Auditors 6 Doagh Road Ballyclare Co Antr&m BT39 9BG Solicitors: King & Gowdy 298 Upper Newtownards Road Belfast Co. Antrin) BT4 3EJ Bankers Danske Bank Limited University Str¢¢t Belfast Co. Antiim BT7 IND Page 2 Royal Society of Ulster Architects known as RSUA Trustees, Report The trustees, who ar¢ directors for the putposes of company law, present the atsnual report together with the fu￿nCIal statements of the clwitable company for the year ended 31 MaTch 2023. ObJe¢tive$ and actiTritlvd Objects Aims The principal objectives of the Society are as follows: Good design matters because it biings so¢ial, economic and enviroom¢ntal benefit5. Well designed houses and neighbourhoods make our lives h¢althier, happi¢i and safer and our Conm]u￿tieS stronger. students leam b¢tter and achieve more in inspiiing educationd buildill￿, r¢cov¢ry times I￿prOve in hospitals designed to meet the needs of patients and staff. and bu$in¢sses profit from greener, well congid¢r¢d premise8, Publit b4¢nefit The public benefit may be demonstrated by the increa8ing tsumber of awards and positive publicity given to the desi￿ of buildings and the built environm¢nt in North¢rn Ireland. These are not just awards for design in tern)s of aesthetics but are ￿s0 for cojjstrnction excellence and fi￿ctiOnal]ty- Such awards recognise sustainability, accessibility, the services the building gives to the public and the effect th¢ building has on the regeneration of a street or area. Articles on buildings in natioxHI as well as th¢ local aTchktectural and conslrnction pr¢8s also d¢monstrat¢s the benefit to the public, The beneficiaries aTe the users of buildings which would encompass all metnb¢TS of the pub]i¢. RSUA'S objectives and public benefit statement are accepted by The Charity Con)mission. The main strategies enwloyed to achieve public benefit by the Society can b¢ broadly categotised during the year as follows: * RSUA Design Awards * Publication of the Societ5Ps magazines. * RIBA Bookshop at the RSUA * Client Adkisory Service, including de8igu ¢ompetition8lcompetitive interview$ Practice Servic¢s Scheme * CPD Seminars and courses • Liaison with government bodies particutsriy in relation to public sector pro¢uremellt alld planning Thes¢ broad categorisations of activities are currently caTTied out for the Public benefit. The trust¢es confm that they have complied with the requirements of s¢dion 4 of the Cbarities Aet 2008 to have du¢ regard to the public benefit guidance published by The Clwity Commission for Nort1￿ Ireland. Page 3 Royal Society of Ulster Architects known as RSUA Trustees, Report Aebievements and performance In 2022123 RSUA'S income incTeased by around £84k prin]arily due to the following factors. . Active Travel proje¢t funding . Stydy Tour * RSUA Desi￿ Awards retillting as att event • Judicial Review support from RIBA . Early Career Ar¢hitects ¢omp¢tltion fimding In 2022123 RSUA'S expenditure increased by around £130k pIimarily due to the following factors: . Event ¢Apenditure . Staff costs - increased staff and salary increases . Active Travel project funds spent . Early Career Architects funds sT)¢nt • Judi¢ial review ¢08ts Ill Tecent years RSUA has increased its free res¢TVeS. For 2022123 RSUA budgeted to spend more than the in¢om¢ we brougknt irL We were successful in doing so. RSUA spent roughly £40k more than the Éncome we generated in 2022123. RSUA intends to Gontinue to lower its free reserve over the next few yeard and will budget for anrn￿1 expenditure levels to be higher than aDnual illcome levels. Page 4 Royal Soeiety of Ulster Arcbitects known as RSUA Trustees, Report The income g¢neTated ill 2022123 has enabled RSUA to caTry Out a wide rnnge of charitsble activities in¢luding'. Continuous Professiongl Development: Provided a broad range of learning opportunities for members through on]ine events including an on-demand option. Archltecture Night: Major event attracting over 200 that celebrdtes ar¢hite¢ture in a unique way. This yw the event W&8 held at Riddel's Warehouse in Belfast ¢ity centre. Early Career Desfign Competition: Storylines was the RSUAIJP Corry Early Career Design Competition in 2022. The winning project, Yellow Box. was aonounced at knhlteCtL￿e Night and a Cash prize w&8 awarded. Engagement with clients: RSUA Iw engaged with Councils, centrdl govenunent bodies, univeT$ltie5, housing associations and others to promote the benefits of inv¢sting in design quality al￿ to provide support in obtsining RSUA peer approved Design Quality Panel: The panel members provÈded expert assistaD¢e to a number of initiatives iELcludiug the Belfast Stories project. Professionydl Inslghts Programme: RSUA mell￿e￿ provided over 100 second y¢ar students from both unii'ersAties in Belfast with a ratsge of practical insights to the WO￿ of an architect in practice. Proturement: RSUA contmu¢d to work with ¢lÉents and policy makers to inkprov¢ procllrem¢nt with a view to ¢reating condRti4)ns to allow architects to deliver of their b¢st. Engagen*nt with Counells: RSUA m¢t with a of local councils on a wide range of matters but with a particular fwus on plannin RSUA Design Awards: A robust judging pro¢￿S for the RSUA Design Awards 2023 took place in spring 2023 and the wiuners were announced at a Gala Evening in at PaTFiament BuiEdings in May 2023. CommuDicatfton$: A thll-page frabjre by an RSUA member appeared ea¢h month ID the Irish News. Th¢ new RSUA website Continued to be enhanced. General meetings: Two Gen¢raR Meetings this. year have been held in-person and hav¢ included an affhitect-led building tour. The other two General Meetings have be¢n held online and have include a 'My Arehitecttsre, PT¢S¢Atation by a mernb¢r. Publi¢ations: Perspective and Livillg Design magazines w¢r¢ published throughout the year. Practice Servlces Seheme.. B¢n¢fits for practice8 that subsaibe to the Practice Strvtces S¢heme wer¢ fLWtILer ¢nbanced this y¢ar. Study Trip: A Study Trip to Mathid took place in June 2022. A S￿aY trip to Cork w&$ planned for June 2023. Ask An Arehitett.. The initlattve raised £14,000 for Friends of the Cancer C¢ntre through its partnership with th¢ Jill Todd Trust wbilst raising th¢ profIl¢ to the publi¢ of the role of tbe architect. Local Groups: A range of RSUA Ro¢al groups met with the local Coullcil to seek ways to improve architecture and the built environment in the Council area. Page 5 Royal Society of Ulster Archltects known as RSUA Trustees, Report Bufildfing Inspiration Lecture.. The building iaspiration le¢lur¢ was postponed. RSUA Aims to restart the lecttjre series in lats 2023. Wider repre$entation'. RSUA actively participated in the NI Consknction Group, th¢ Strat¢gi¢ Design Group, NT Assen]bly All Party Group on Construction and the Expert Panel OJJ Building Safety Honorary Membership: lo r¢cognition of the important role that non-architects and archxte¢ts from outside Nl have on architecture in NI. RSUA conf¢Tr¢d Honorary M¢mbership this year on An&ew Haley. Committees alld Gr0￿p$.. During the year th¢ Committees and Groups continued with an active programme of work. The Edu¢atioll and Careers Committee was formed. Engagement with stud¢nts and younger members: RSUA Continued to increase its engagement with S￿dellts and younger archifrGts this year througb: . Th¢ perfectly proportioned qUAZ of ar¢bitectLW¢ aod other thillgs iu pahllersbip with the universities held in the Black Box • The Storylines design ¢ow¢tition for eatly career architects . s￿dellt medalg . Awarded the Alan Barnes travelling s¢holarslitp • Increased the number of pra¢ti¢es sign¢d up to fair pay commitments for Part I graduates . Provided free or reduced price tickets for students at various RSUA events . Supported Ar¢Soc at QUB for a number of leclwes . Organxsed 'Preparing for Practi¢e' a PIArt 3 study evening Delivered the Professional Insights Programme for se£ond year sthdents in partttersbip wilh both Belfast universlti . Early Career Architects Forum held a number of events . Held a special celebration for all the n¢wly qualtfied archit¢Gts in NI Finan¢ial review Policy on Y¢serves The members of the Council have ¢st&blISh￿ a policy whereby the unrestricted fluids not committed or invested in tangible fix¢d assets ('the free reserves,) held by the charity should be between 2 and 6 months of the resources expeuded, which equates to between £64,626 alld £193,877 in general fimds. At this leveL th¢ Council feel that they would be able to continu¢ the current activities of the ch￿lty. In the event of a significattt drop in funding, it would obviously be necessary to Consider how the funding would be T¢placed or activities changed. At present the fr¢e resenres amount to £370,935 ex¢eed the Council's tsrget tange. The Council will continue to monitor their free reserves. RSUA has delivered a financial pcrfornian¢¢ thi8 year in line with its budget. The new accounting system and intsrnal a¢¢ounting prwesses introduced in 2018119 have been refined and ar¢ now providing bett¢r quality and more limely finan¢ial i￿On￿atiOn. RSUA continues to undertake a fornlal budget r¢view proc¢$$ with Council each year. Page 6 Royal Society of Ulster itrcbitect$ known as RSUA Trustees, Report Principfdfvndlng sourtgs The matn incoming resources of the SocRety remain the memb¢rship subscription r¢bates from RIBA, CPD in¢ome, PSS incotne, sp)nsorship, bookshop) ¢omnJi$sions and other grant fimding. The Society is extr¢mely grateful to all its grant fill￿erS and sponsors, without whose support the s￿iety would not be able to njn a number of its activities. Going con¢¢rn The financial statsments have been prepared on a going ¢oncern basis. The trustee5 assess Wheth￿ the use of going concern is appropriate i.¢. whether th￿¢ are any matertal uncertainties related to events or CODditions that may rast significant doubt OD the abiltty of the charity to continue as a going concern. The trustees make tbi8 8ss¢ssntrnt in respect of a peTiod of one year from the date of approval of the fmancial statements. Structure> governanee and n￿n￿genIent N¢Y£uYÉ ofg¢veYning docu7nent The Royal Society of Ulster Arcbitects is a company limited by guarantee and as such the liability of ¢ach of the nkemb¢TS is limited. Under Section 62 of the Q>mpani¢s Act 2006, the Society is exempt from using th¢ word Limited. The Soctety's gOV￿lillg document is the Memorandum and Articles of Association. In the event of the company being wound up m¢mbus ar¢ r¢qviTed to contiibute £5.00. Recruitment dnd appointment oftrustees Under the requirements of the Memorandwn and Articles of Assoctation the members of the Council are elected to serve for a period of thrtt years after which th¢y need to staud foT re-election at the next Amiual General Meeting if they wisb to Gontinue to serve on Couticil. RSUA s¢¢ks to ensure that members wtth a range of ¢xperien¢e from within the architectural profrssion $mie on the Coun¢il. Indmclion training oftrMSte¢s M08t couo¢il members ar¢ familiar with the role of tbe clwity through their membership of the architectural profession. New council m¢mbers attend an ori¢ntation meeting to brief them on theiT legal obligations and re￿￿￿$1b1IItieS as memb¢rs of Council. Affangementsfor semng key n¢andgemeHtpersonnel remuft£r4tson The President and trnstees work wholly on a voluntary basis 8nd re¢¢ive no remuneratio￿ bonuses, or benefits-in-kind or have any p¢nsi¢)n entitlements. Likewise, society volunteers are not Temunerated. The post of RSUA Dire¢tor Ès a remuneiat¢d position. The Dir¢¢tor's remuneration is set by the Honorary Offtcer8 Committee. Page 7 Royal Society of trister Archmtects lr ¢overillg cost of lullch for judges when judging the students President's med￿ awards. J Grieve £230 (2022.. £Nil) of expenses were rekmbuT$ed to J Grieve during the year. £229.50 for r¢imbursement with costs for the Early Career ATchitects Summer Soctal Event No trnstees, nor ￿Y p¢rsons connected with the￿ have received any remuneration from tho charity dwing the 8 Independent examiner's remuner2tion 2023 2022 Examination of the fiaancial statements 1,750 1.750 9 Taxation The ¢1￿[1ty is a regxstered Glwity and is therefore ¢x¢mpt from taxation. 10 Tanglblt ￿ed assets Land and buildings Furniture and equipment Computer equipment Total Cost At l April 2022 Additions 446,041 8.861 75,631 3,769 SJO,533 3.769 At 31 March 2023 446,041 8,861 79,400 534,302 Depreciation At l April 2022 Charg¢ for the year 211,889 8,921 8,572 139 72,970 1,351 293,431 10,411 At 31 Ilfyrch 2023 220,810 8.711 74,321 303,842 Net book value At 31 MaT¢h 2023 225,231 150 5,079 230,460 At 31 March 2022 234,152 289 2,661 237,102 Page 24 Royal Soclety of Ulster Architects known as RSUA Notes to the Financial Statements for the Year Ended 31 March 2023 11 Debtors 2023 2022 Trade debtQTS Prepayments Other debtors 40,659 2,505 59,128 32,603 7,718 121,993 102,292 162,314 12 Cash and ¢ash equiva]ents 2023 2022 Cash on hatsd Cash at bank 279 336,175 250 315,010 336,454 315260 13 Credfitors: &mollnt$ falllllg due wttbth one year 2023 2022 Trade creditors Other taxation and social security Other creditors Accrnals 9,706 18,156 23,254 13215 64,331 5,878 19,337 29,194 15,431 69,840 14 Funds Balw¢e at 31 March 2023 Balance at I April 2022 Incoming resourtes Resources e￿ended Transfers Unrestrieted thnds General 641,355 348.794 (387,754) (1,000) 601,395 D¢signated 3,480 3,480 Total unrestrfeted funds 644.835 348,794 (387,754) (20,000) (1,000) I,ooo 604,875 Re$trAct¢d funds 19,000 Total funds 644,835 367,794 (407,754) 604,875 Page 25 Royal Soeiety of tjlster Arehiteets knoTrvn as RSUA Notes to the Financial Statements for the Year Ended 31 March 2023 Balance at 31 March 2022 Balance #t I AprRI 2021 Incoming resources Resources expended Transfers Unrestricted funds General 632,111 284,097 (278,053) 3,200 641,355 D¢siguaÉed 6,680 3,200 3,480 Total ￿ndS 638,791 284,097 278,053 644,835 15 An￿ysts of net assets behyeen fiwds Unrestrieted funds G¢neral Total funds at 31 March 2023 Tangible fixed ass¢ts Cu￿ent assets C￿￿ent liabilities 230,460 438,746 (64,331} 604,875 230,460 438,746 (64,331) Total net assets 604,875 UnTestricted funds General Total funds at 31 March 2022 Tangible fixed assets Current ￿Sets CLrrent Itabilities 237.101 477,574 (69,840) 237,101 477,574 (69,840) 6H,835 Totsl llet assets 644,835 Page 26 Royal Society of Ulster Arcbitects knoivn a$ RSUA Notes to the Financial Statsments for the Year Ended 31 March 2023 16 Analysis of govtrnance and support costs Governance eosts Unrestrfteted funds General Total funds Staff costs Wages and salaries Independent examiner fees Examination of the financial stat¢nwits Allo¢ated support costs 12,677 12,677 1,750 5,880 1,750 5,880 Totsl for 2023 20,307 20,307 Total for 2022 18,300 18,3( 17 Expenditure on rafisfing funds Total costs 18 ExpendRture on ¢hariÉabl¢ activities Unrestricted funds General Restricted fuuds funds Note Promotion of Archite¢ture Promotion of Knowledg¢ Inwme Generating Activities Protnotlon of Design Excellence Staff costs AILo¢ated support Costs Governance costs 70,462 60,232 9.423 51,031 176239 12 20,307 20,000 90,462 60,232 9.423 51,031 176239 12 20,307 16 16 Total for 2023 387,706 20,000 407,706 Total for 2022 277,635 277,635 Page 27 Royal Society of Ulster Architects known as RSUA Notes to the Flnancial Statements for the Year Ended 31 March 2023 In addition to the expendithre analysed above. there are also governance Costs of £20,307 (2022 - £18,300} which relate directly to Ch￿Itsb1c activities. See note 16 for further detsils. 19 Other expenditure Unrestri¢ted funds General Total funds Note 16 Allocated support oosts 48 48 Total for 2023 48 48 Total foT 2022 418 418 2Q Staff eosts The aggregate payroll costs were as follows: 2023 2022 Staff costs during the year were: Wages and salaries Other staff costs 188,408 508 166,541 1,410 188,916 167,951 The monthly average number of p¢rsons (luc￿dIng senior management / Eudership team) eLI￿lOye41 by the Ch￿￿ty during the year expressed as time equival¢ats was as follows: 2023 2022 Clwitable A¢tAvities 21 Net Incontingloutgoing resources N¢t {outgoing)/incoming resources for the year include: 2023 2022 Depreciation of fixed assets 10,411 Page 28