Company registration nutnber: N100069
Charity registration number,. MC101263
Royal Society of Ulster Architects
known as
RSUA
(A company limited by guarantee)
Annual Report aud Financial Statements
£oT the Year Ended 31 March 2025
Hopper & Co
Chartered Accountants & Registered Auditors
6 Doagh Road
Ballyclare
Co Antrim
BT39 9BG

Royal Society of Ulster Architects
known as RSUA
Contents
Reference and Administrative Details
Ito2
Trnstees, Report
3to IJ
Independent Examinevs Report
12
Stat¢m¢nt of Financial Activities
13to14
Balanc¢ Sheet
15to16
Notes to the Financial Ststements
17to30

Royal Society of Ulster Arehitects
known as RSUA
Reference and Administrative Details
Trustees
J Lavery, PT¢sid¢nt
J Grieve, Vice President
P McAlister, Immediate Past President
J M¢Coy, Hon SecTetary
M Hare, Hon Treasurer
S Brady
C Brown
S Caitl)n¢ss (appoint¢d 18 Nov¢mbeT 2024)
D Coyles
K Crilly
J Cronlle (appointed 3 J May 2024)
A Durrent (resig1￿d 31 May 2024)
C Fearon (resigned 31 May 2024)
F Harron
J Hassan (appointed 18 November 2024)
A Jones, University Representative (QUB)
A Knowles (appointed 31 May 2024)
O Laughlin
T Leaker (resi￿A¢d 31 May 2024)
D MacRandal
C MaIlon
R Mccall
A O'Doh¢rty
L Park
M Reid
S Salley (appointed 9 September 2024)
S Salley {resigned 31 May 2024}
C Shaw
K Simpson
H Stolwvah
Seeretary
CFOX
Page I

Royal Society of Ulster Architects
known as RSUA
Reference and Administrative Details
Other Officers
A Meehan, RIAI Observer
D MacLaimhin, Associate Member Representative
R Caithnegs. Universty Representstive (UU)
A Murray, Student Representativ¢ (Lrui
O Galligan, Sthdent Repr¢sentative (QUB)
Senior Management l Leadership Mr Ciaran Fox, Director.
TeAyn
Charity Registration Nu]nber
NIC101263
Company Registration Number
N100069
The charity is incoFporated in Northern Ireland.
2 Mount Charles
Belfast
Co. Antrim
BT7 INZ
Registered Offite
udltor
Hopper & Co
Chartered Accountsnts & Registered Auditors
6 Doagh Road
Ballyclare
Co Antrin]
BT39 9BG
Solicitors:
King & Gowdy
298 Upper Newtownards Road
Belfast
Co. AntrAm
BT4 3EJ
B2nkers
Danske Bank Limited
University Street
Belfast
Co. Antrim
BT7 IND
Page 2

Royal Society of Ulster Architects
knoivn as RSUA
Trustees, Report
The trustees, who are diTe¢tors for the purposes of company law. present the annual report together with the
financial statements and auditors, report of the Ch￿itable company for the year ended 31 March 2025.
Objectives And 2ctivitie$
Objects dnd aims
The principal objectives of the Society are as follows:
Good design ll￿rg because it brings social, economic and environmental benefits. Well designed houses and
neighbourhoods make our lives healthier. happi¢T and safer and our ¢ommunities stronger. students learn better
and achieve more in inspiring educational buildings. recovery times improve in hospitals designed to me& the
needs of patients and stsff. and businesses profit from greener, well constdered premises.
Public benefit
The public benefit may be demonstrafrd by the increasing number of awards and positive publicity given to the
d¢sign of buildings and the built ¢nvironm¢nt in Northern Ir¢land.
These are not just awards for design in tern￿ of aesthetkcs but are also for constrnction excellence and
fL￿ctiOnalIty. Sucb awards r¢cognise sustainability. accesskbility. the services the building gives to the public
and the effect the building has on the regeneration of a street or area.
Arti¢l¢s on buildings in nationat as w¢ll as the local architectural and constrnction press also demonstrates the
benefit to the public.
The beneficiaries are the users of buildings which would ¢ft¢ompass all members of tbe publi¢.
RSUA'S obj¢ctives and public b¢nefit statement are accepted by Th¢ Charity Con3mxssion. The maiti strategies
employed to achieve publie benefit by the Soeiety ean be broadly categorised during the yekr 2s follows:
* RSUA Design Awards
* Publication of the Society's Mag￿l￿eS.
* RIBA Bookshop at the RSUA
* Client Ad￿lSOry Servrce. including design competitions/competitivt interviews
* Prnctice Se￿Ices Scheme
* CPD Seminars and courses
* Liaison with goven)ment bodies particularly in relation to publi¢ sector PTo¢urement and planning
These broad categorisations of activities ar¢ cU￿¢n£￿ caryi¢d out for the Pllbli¢ benefft.
The trustees confirm that they have complied with the r¢quiTtmtnts of section 4 of the Charities Act 2008 to
have due re£ard to the public benefit guidance published by The Charity Commission frirNorthern Ireland.
Page 3

Royal Society of Ulster Architects
known as RSUA
Trustees, Report
Achievements Perforn￿B¢e
In 2024125 RSUA'S unrestricted income increased by around £4Sk primarily due to the following factr)r&.
. Active Travel proje¢t furAdiJ)g
. Study Tour
. RSUA Design AW￿dS Teturning as an event
. Judicial Review support from RIBA
. Early Carter Architects competition funding
In 2024125 RSUA'S unrestricted expendiwre increased by around £54k prlmarily due to the following factors:
. Event expendittlre
. Staff costs- increased staff and salary increases
Active Trav¢1 proj¢ct fjjnds spent
. Early CareeT Architects fuDds spent
Judicial review costs
In r¢cent years RSUA l]as increased its free res¢rves. FOT 2024125 RSUA budgeted to spend more than the
income we brought in. We were successful in doing so.
RSUA spent Toughly £38k mor¢ than th¢ in¢ome w¢ g¢n¢rdt¢d in 2024125.
RSUA intends to continue to lower its free reserve over the next f¢w years 2nd will budget for annual
expenditure levels to be higher Éhan annual income levels.
Page 4

Royal Society of Ulster Architects
known as RSUA
Trustees, Report
The income g¢nerated in 2024125 has enabled RSUA to cany out a wide Tange of charitable artivities including:
Continuous Professional Development: Provided a broad t2nge of learning opportunities for members through
online events including an on-demand Option.
Architecture Night: Major event attracting over 300 tb2t celebrates architecture in a unique way. This year the
ev¢nt was held at the Kings Hall Belfast.
Early Career Design Competition: Please Replace the Handset and Try Again was the RSu￿]P Cony Early
CaT¢er iksign Competition in 2023. Th¢ winner5 w¢r¢ aTwounced at Architectu￿ Night and a red phone box in
central Belfast wa8 transfomied in 2024.
Engagement with clients: RSUA has engaged with Councils, central government bodies, univeisiti¢s, housing
associations and others to prornote the benefits of investing in design qualty and to provide support in obtaining
it.
RSUA peer approved Design Quality Panel: The panel members provided expert assistallce to a number of
initiatives including the Belfast Stories project and to Tourism Nl.
Professional Insights Programme: RSUA members provided over 100 second year students from both
universities in Belfast with a range of prdCti¢al insights to the work of an a￿biteCt in practic¢.
ProCUre￿ent. RSUA conttnued to work wÈth clients and policy makers to improve procurement with a ￿eW to
creating condÉtions to allow ar¢hite¢ts to deliver of their besL
Engagement with Councils: RSUA met with a number of local councils on a wide range of matters with a
particu]ar focus on planning.
RSUA Design Awards: A Tobust judging process for the RSUA DeSIg￿ Awards 2024 took plw¢ in spring 2024
and the winners were announced at a GaIa Evening in th¢ MAC theatre in Belfast in May 2024.
ComD]unRcations: A full-page feature by an KSUA m¢EnbeT app¢ared each month in the Irish News. RSUA
launched a new sit¢ 5igYAboaTd service to members in September.
General meetings: Two General Meetings this year have been held in-person and have included an
architect-led building tour. The other two General Meetings have been held online ¥nd have iTJclude a 'My
Architectwe, presentation by a menther.
Pllblieatfions: Perspectlve and Living Design magazines were published throughout the year.
Praetite Services Scheme: B¢nefJts for prarti¢es that subscribe to the Practice Services Scheme were fjjrther
enhanced this year.
Study Trip: A Study TTIP to Vi¢TllM took place in 2024. A Study trip to Paris is planned for June 2025.
Ask An Architect: Th¢ ix)itiative raised £15,400 for Friends of the Cancer Centre through its partnership with
th¢ Jill Todd Trust Nthilst raising th¢ profil¢ to the public of the role of the architect.
Pag¢ 5

Royal Society of Ulster Architects
known as RSUA
Trnstees, Report
Local Groups: A range of RSUA local groups met with the local Cout)ctl to seek ways to tmprov¢ ar¢hlte¢tL￿e
and the built environment in the Council area.
Building Iwpir#tion lknur¢.' The builditig inspiration l¢ctur¢ was postpon¢d. RSUA aims to restart the leoture
series in late 2024.
Wider representation: RSUA actively participated in the NI Construction Group, the Strategic Design Group.
NK Assembly All Party Group on Constrnction and the Expert Panel on Building Safety
Bonor2ry Membership: In recognition of the important role that nonTr2rchitects alld architects from outside Nl
have on ar¢hite¢tUTe in Nl, RSUA conf¢rr¢d Honorary Membership this year on broadcaster William Crawjey.
Committees and Groups.. During the year the Committees and Groups ¢ontinued with an a¢tive proEraEDme of
wo￿. The Education and Careers Committee was fonn¢d.
Engagement with students and younger members: RSUA continued to increase its engagement with stydents
and younger a￿hitect$ this year through:
• The perfectly proportioned quiz of architecture and other things in partnership wAth the univ¢rsities held in the
Black Box
. The design competition for early career architsctg
Student medals
. Awarded th¢ Alau Barnes travelling s¢holarship
• Inereased the n￿nber of practices signed up to fair pay commiiments for Part I graduates
. Provided free or redu¢¢d pri¢¢ tickets foT Students at various RSUA events
. Offered Support to Ar¢So¢ at QUB for a number of le¢tur¢s
* OrganÈscd 'Preparing for Practice. a Part 3 study evening
. DeliveMI the Professional Insights Programme for second year students in partnership with both Belfast
universities
• Early Career Architects Fonun held a number of events
. Held a special celebration for all the ntmdy qualified architects in Nl
FiDalleial review
The total unrestricted incoming resources for the year amounted to £406,925 (2023124: £358212), with
exp¢nditur¢ of £445,437 (2023124: £291,494) resulting in a net deuease in ￿ndS of £38,512 (2023124..
£32,920). This leaves unreslricted fimds of £533,443 (2023124: £571,594} at the year end of which £213.342
{2023124: £224,387) relates to fixed assets.
There were no restricted a¢tiviti¢s undertaken during the year.
Page 6

Royal Society of Ulster Architects
known as RSUA
Trustees, Report
Policy on reserves
The RSUA Council has estsblished a policy whereby the unrestricted funds not commxtted or invested in
tangible fixed assets Cthe free reserves? held by the charity should be betsveen 2 and 6 months of the resources
expended, which equates to beknreen £74,239 and £222,718 in general funds. At this lev¢l, th¢ CouncAI thinks
tbat RSUA would be able to ￿ntinlle the ¢unent activities of the charity. In the event of a significant drop in
fimding, it would obviously be necessary to wnsid¢T how the funding would be replaced or activities changed.
At present th¢ fr¢¢ Tes¢rves amount to £316.621 and ex¢eed the Council's target rang¢. The Council will
conlinue to monitor RSUA'S free reserves.
RSUA deIivered a financial perfonnance this year in line with ils budget. The new acwunting syst¢m ana
internal accounting pr(￿5￿5 introduced in 2018119 have been refined and are now providing better quality aod
raore timely financial infOrn￿tiOn. RSUA continues to undertake a forntsj budget review PTocess with Council
each year.
Prixcipulfunding sources
The main incoming resources of the Society remain the m¢mbershkp subscription rebatts from RIBA, CPD
income, PSS income, sponsorship, bookshop, Commissions and other gratkt thnding.
The Society is extremely grateful to all its grant funders and sponsors, without ￿￿ose support the Society would
not be abl¢ to Tun a nuniber of its activities.
Going eoncern
The financial statements have been prepared on a going concem basis.
Th¢ trustees assess whether the use of going concern is appropriate k.¢. Mthether there are any material
un¢ertAinties related to events or conditions that may cast significant doubt on the ability of the charity to
¢ontinue as a going concern. The trustees rnak¢ this assessment ID respect of a period of one year frotn the date
of approval of the financial statements.
Structure? gov¢rnan¢c ond management
Nature ofgoverning docuFnenl
The Royal Society of Ulster Architects is a company IKmited by guarantee and as su¢h th¢ liability of each of the
members is limited. Und¢r S¢¢tion 62 of the Companies A¢t 2006, th¢ Society is exempt from using the word
Limited. The Societys governing document is the Memorandum and Articles of Association. In the event of the
company being wound up members are required to wntiibute £5.00.
Recrnitsnent andoppointmenl oflrusle
Under the requirements of the Memorandum and Articles of Association the memberg of th¢ Council are electsd
to s¢rve for a period of three years after which they need to stand for re-election at the next Annual General
Meeting if they ￿rysh to continue to serve on Council.
RSUA seeks to ensure that members with a range of experience from within the architectural profession Se￿e
OJ the Council.
Page 7

Royal Society of Ulster Architeets
known as ILSUA
Trustees, Report
Indudiott ondtrdining oftrusle
Most council members are familiaT with the role of the ¢harity thrnugh their m¢mbership of the ar¢hit¢¢tsra]
professioo. New council members attend an orientation meeting to brief them on their legal obligation5 and
TesponsTri JilRti¢s as members of Coun¢il.
Arnmgementsfor setting key manqgemenlpersonnel remuneralion
The President and trustees Work wholly on a voluntary basis and receive no remuneration, bonuses, or
b¢nefit5-in-kind or have any pension ¢ntÈtlements. Likewise, society volunteers are not r¢muncrated. The post of
RSUA Director is a remuner4ted position. The Dire¢tor's remuneration is set by the Honorary Officers
Conllnittee.
Organisalional strudure
The Society is managed and directed by its Council. Vacant Council seats are filled through an election process.
The Council m¢ets at least six times during the period S¢ptsmber to June.
Membership of the Society can be classified as". chartered members, honorary members, student members,
1gsociat¢ members ana affiliate members. Each catsgory has its own conditions terms as outlined in the
Society's gov¢rning document.
The Society is in aIli8n¢¢ with the Royal Institht¢ of British ATchite¢ts (RJBA). The Council of the Society $haEI
late to the Council of the RIBA only in respect of matters Telative to its status in allian¢e. RSUA sits on the
Council of the Royal Institute of Arehitetts of ITeland as an observer.
Page g

Royal Society of Ulster Architects
known as RSUA
Trustees, Report
Relationsbips with related parties
The Society is in alliance with the Royal Institute of British Ar¢hiteGts (IUBA). The Council of the Soci¢ty shall
relate to the Council of the RIBA only in respect of tnatters relative to its statys in alltance.
Major risks and￿(￿agement ofthose risl(s
Personnel
the risk of lostng key staifor volunteers, with the associated loss of expertise and experience
Reputation
the risk that the society might be suffer reputstional dan￿ge as the result of unauthorised public ststements
Fir￿￿¢1￿[ Rtsk
the risk that society Gould into financial diffkculties
RSUA operates a T15k Tegister which fornially records the key risks and a¢tions tsken to minimise those risks.
The Tegistsr is reviewed by Council annually and is a pernwient item on the agenda for the Honorary Officers
meeÉings.
FinaTAcial instTllments
Objecthiu andpolicies
The charity's activities expose it to a number of finan¢ia] risks including ¢redit risl cash flow risk and liquidity
risk. The use of fuMn¢ial derivatives is govern¢d by the charity's policies approved by the board of trustees,
which provide MTitten principles on the use of financial derivxtives to manage these risks. The charity do¢s not
use derivattve financial instruments for speculative puryoses.
Cashflopv risk
The charity's aGtiviti¢s expose it prinwily to the financial risks of ¢hang¢s in foretgn currency exchange rates
and interest rates. The ¢haTkty uses foreign exchange forwaTd contracts and intrrest rate swap contracts to hedge
these exposutts.
tnt¢rest bearing assets and liabilities held at fixed rdte to ensure certainty of cash flows.
Credlt risk
The charity's principal finoncxal assets are bank balances and cash, trade and other receivabl¢s. and investments.
The charity's credit risk is prIm￿llY attrkbuthble to its trade receivables. The amounts presented in the balance
heet are net of allowan¢es for doubt￿1 receivables. An allowance ft>r impairment is made where there is an
identxfied loss event which, based on previous experience, is evidence of a reduction in the re¢overability of the
cash flows.
The credit risk on ]iqvid fLmds and dffrvattv¢ financial tn5truments is limited because the counterparties are
bat]ks with high credit-ratings assigned by internationat credit.rdting a£en¢ies,
The charity Iw no significant concentration of credit ri5K with exposure spread over a larg¢ numb¢r of
counteiparties and customtrs.
Page 9

Royal Society of Ulster Architects
known as RSUA
Trustees, Report
quiility risk
In order to maintain liquidity to ensur¢ that sufficient ￿ndS are available for ongotng operations and future
developments, the charity uses a mixture of long-terni and short-tsrni debt finance.
Further details regarding liquidity Tisk Can be found in the Statement of a¢counting policies the financial
statements.
Creditor payment policy
The society SUPPOrt prompt and targets payment for goods and services to be made within agreed payment temis
or withill 10 days of Teceipt of invoices not in dispute.
Diselosure of inforniation to auditor
Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any
relevant audit inforn￿tIon and to establish that the charity's audttor is aware of that infomiation. The trnstees
confjrni that there is no rekevant inforniation that they know of and of Nvhich they know the auditor is uuaware.
Small companies provision statement
This report has been prepared in a¢cordanc¢ with the small companies regtme under the Companies Act 2006.
Page 10

Royal Society of Ulster Architects
known as RSUA
Trustees, Report
ststement of trustees, responsibilities
The trustees (who are also the directors of Royal Society of Ulster Architects for th¢ purposes of Company law)
are responsible for Prep￿illg the trust¢es' r¢port and the flltsncial statements in accordance with applicable law
and United Kingdom A¢¢ounting Standards (United Kingdom Generdlly A¢¢epted AC￿￿lting Practice),
including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" The
report and accounts hav¢ been prepared in aC￿rdance with th¢ provisions in the Companies Act 2006 ￿lating to
small wmpanies.
Company law requires the trustees to prepare financial statements for ¢ach financial y¢aT. Und¢r company law
the trustees must not appTove the fmancial statements unless they are satisfied that they gtv¢ a tru¢ attd fair view
of th¢ stst¢ of affairs of the charitable company and of the Ancoming resources and application of resources,
including its income and expenditure, of the charitabl¢ wmpany for that period. In preP￿￿Tr8 these Imancial
statem¢nts. the trustees are required to..
seleoÉ suitable accounting poli¢Res and apply them eongistently.
observe the methods and principles in th¢ Charities SORP.
umke judgements and estimates that 8r¢ T¢&80nable and prud¢nL
state whether applA¢abl¢ a¢¢ounting standards. comprising FRS 102 have b¢¢n followed, subject tr) any
material departures disclosed and explained in the financial statements. and
prepare the financial ststements on the going concern basis unless it is inappropriats to presume that the
haTitabl¢ Company will continue in business.
The trustees aT¢ T¢sponsible for k¢eping proper accounting records that can dis¢los¢ with reasonable accurncy at
any tim¢ th¢ fiEWi¢l￿ position of the charitable company and enable them to ensure that the financial statements
comply with the Companies Act 2006. They are also responSi￿le for 5af¢guarding the assets of the charitable
oJnpany ¥nd hence for taking reasonable 5tsPS for the prevention and detection of fraud and other irregularities.
The trustees are responsible for th¢ n￿inten81)et and integrity of the corporate Jnd fittaneial inforniation
included on the Charitable eornpanys website. Legislation governing the preparation and di5￿minatIon of
fjnancial ststements may differ from legislation in oth¢T jurisdictions.
The atmual report was approved by the trustees of the charity on 30 May 2025 and signed on its behalf by.
J Lav¢ry
Trustee
Pagell

Royal Society of Ulster Architects
known as RSUA
llldependent Examinerls Report to the trnstees of Royal Society of Ulster Architects
('the Company,)
I report to the charity trl￿ee5 on my examination of the of the Company foi th¢ y¢ar cndea 31 March
2025.
Respon$lbilities and baits of report
As the charÉty's trustees of Royal Society of Ulster Ar¢hite¢ts {2nd also its directors ft)r the purposes of
company law} you are responsible for the preparation of the accounts in accordance with the requirements of the
Companies Act 2006 ('the 2006 Act,).
Having satisfied myself tbat the accounts of Royal So¢iety of Ulster Ar¢hitects are llot Tequired to be audited
under Part 16 of the 2006 Act ond are eligible for independent examination, I report in respect of my
examination of your charity's as ¢aThRed out under 5e¢tion 65(3) of th¢ Charities Act (Northern Ireland)
2008 ('the 2008 Act.). In carrying out my examination I have followed the Diie¢tions given by the Charity
Commission under section 65(9)(b) of the 2008 Act.
lud¢peudent examiner's ststement
Since Royal Society of Ulster Architects's gross inwtne exceeded £250,000 your ¢xaTniuer must be a member of
a body listed in section 65(4) of the 2008 Act. I confirm that l am qualified to undertak¢ the examination
becaus¢ l am a member of Chartered AccA)untallts Ireland. which is one of the listed bodies.
I have compEeted exatnination. l ¢onfmn that no matters have come to my attention in connection with th¢
¢xaminatAon giving me ¢ause to believe:
accounting records were not kept in reSp￿t of Royal SociW of Ulster Archit¢¢ts as required by sectLOiI
386 of the 2006 Act; or
2. tbe accounts do not a¢Gord with thoge r¢cords- or
3. the a¢¢ounts do not comply with the accounting requirements of s¢ction 396 of the 2006 Act other than
auy requirement that the accounts give a 'true and fair view, which is not a matter considered a8 part of an
independent examination. or
4. the accounts have rjot been prepared in a¢¢ordanee with the methods and principles of the Ststement of
Recommended Practice for accounting alld reporting by th￿ltIeS [appli¢able to charities preparing their
arwunts in a¢¢ordan¢¢ with the Financial Reporting StandaTd applicable in the UK aud Republic of
Ir¢land (FRS 102)].
Ihavenoc
should b
rns and have Qome across no other matters in connection with the examination to which attention
in this T¢POrt in order to enable a proper understanding of the accounts to be reached.
Simon Hopper FCA
Chartered Accountants & Registered Auditors
Chartered Accountants Ireland
6 Doagh Road
Bally¢lare
Co Antrim
BT39 9BG
30 May 2025
Page 12

Royal Society of Ulster Architects
known as RSUA
Statement of Financial Activities for the Year Ended 31 March 2025
(Including Income and Expenditure Aceount and Statement of Total Recognised Gains
and Losses)
UDrestri¢ted
funds
Total
2025
Note
Income and Endowments froxll:
Donations and lega¢i¢s
Charitable athiviti¢s
Generating Activity
Investment income
150,648
229,667
19,599
150,648
229,667
19,599
7.011
Total income
406,925
406,925
Expenditure on:
Charitable activities
19
(445,437)
(445,437)
Total expenditur¢
445,437)
(445,437)
Net ¢xpenditure
(38,512)
(38,512
Net movement in funds
{38.512)
(38,512)
Reconeiliation of fvnds
Total fi)ttds brought forward
571,955
571.955
Total fimds ¢aTri¢d forward
14
533.443
533.443
The notes oJ] pages 17 to 30 forni an int¢gral part of these f￿ancIal stat¢m¢nts,
Page 13

Royal Society of Ulster Architects
known as RSUA
Statement of Financial Activities for the Year Ended 31 March 2025
(lllcludillg Income and Expenditure Account and Statement of Total Recognised Gains
and Losses)
Unrestricted
funds
Total
2024
Note
Income and Endowments from:
Donations *)d legactes
Charitable activities
Generating Activity
Inv¢stmetst income
149,655
186,597
18,018
4,304
149,655
186,597
18,018
4,304
Total in¢om¢
358,574
J58,574
Expenditure on:
Charitable activities
19
(391.494
(391.494)
Total expenditure
(391,494
(391,494
Net expenditure
Net movement in thnds
{32,920
32,920
(32.920)
(32,920)
Recontill#tion of funds
Total funds brought fonvard
604,876
604,876
ToÉal funds ¢￿Tled fonvard
14
571,956
571,956
All of the charity's activit1¢5 derive from ¢ontinuing operatiot)s dwing the above tsvo periods,
The fisnds breakdoiw for 2024 is shown in note 14.
The notes on pages 17 to 30 forn] an integral part of these fu￿1¢La1 stat¢m¢nts.
Page 14

Royal Society of Ulster Architects
known as RSUA
(Registration nun)ber: N100069)
Balance Sheet as at 31 March 2025
2025
2024
Note
Fixed assets
Tangible assets
io
213,343
224.387
Current assets
Debtors
Casb at bank and in hand
153,535
260,390
157,359
279,309
12
413,925
436,668
Creditors: Amounts falling due within on¢ year
13
{93.825
(89,099
Net eurrent assets
320,100
347.569
Net assets
533,443
571,956
Funds ofthe charity:
Unro8tricted income funds
Unrestiicted thnds
533,443
571,956
Total funds
14
5J3,443
571,956
For the financial year ending 31 MarGh 2025 th¢ charity was entitled to exemption from audit Under setttion 477
of the Companies Act 2006 relating to small companrts.
Directors, responsibilities."
The members have not required the charity to obtain an audit of its accounts for the year in question in
accordance ￿7th section 476" and
The directors acknowledge th¢ir iesponsibilities for complying with the requir¢m¢nts of the Act with respect
to accounting records and the preparation of accounts.
These financial statements have been prepared in accordan¢¢ with th¢ sp¢¢ial provisions relating to compani¢s
5ubjert to the small ¢ompanies regime withio Part 15 of the Companies Act 2006.
Tbe notss on pag¢s 17 to )0 fom an integral part of th¢s¢ fin8n¢ial statements.
Page 15

Royal Society of Ulster Architects
known as RSUA
(Registration number: N100069)
Balance Sheet as at 31 March 2025
The financial statements on pages 13 to 30 were approved by the trustees, and authorised for issue on 30 May
2025 and signed on their behalf by:
J Lave
Tn]stee
bL
M Hare
Trustee
The no*s on pages 17 to 30 forni an inlegral part of these fll)ancial statstnents.
Page 16

Royal Society of Ulster Architects
known as RSUA
Notes to the Financial Statements for the Year Ended 31 March 2025
I Charity ststus
The ¢harAty is limited by guaranlee, incorporated in Northern Irelan(L and consequently does not have shar¢
¢apitsl. Each of the trustees is liable to contribute an amount not exceeding £5 towards the assets of the charity
in the ¢v¢nt of liquidation,
The addr¢ss of its regist¢r¢d office is".
2 Mount Charles
Belfast
Co. Antrim
BT7 INZ
These financial statements were authorised for issue by the trustees on 30 May 2025.
2 Accounting policies
Sunlloary of $ignific#nt xc¢ountiDg policies and key accounting estimates
The principal aw)unting polici¢$ applied in th¢ preparation of these fillanciaj statements are s¢t out b¢low.
These policies have been consistent]y applied to all the yeaTS presentsd, unless otherwise stated.
St4t¢m¢ut of compliance
The financial statements have been prep￿ed in accordance wÈth Accounting and Reporting by Charities:
Statem¢nt of Recommended Practioe (applkcable to charities preparing their accounts in accordance w&th the
Financkal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019)
(CharAti¢s SOIiP (FRS 102)), th¢ FinanGial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102) and the Companies Act 2006.
Basis of preparation
Royal Society of UlsteT AKhitecÉs meets the defjnition of a public benefit entity under FBS 102. Assets and
liabilities are initially recognised at histori¢al c05É or transaction value unl￿S otherwise stated in the relevant
accountiog policy notes.
Going concern
The trustees Consider that there are no n￿terial uncertainties about the charity's ability to continue as a going
onr¢rn nor any SAgnifJGant areas of un¢¢rtainty tl]at aff¢rt the canying value of a5￿ts held by the cIwity.
Exemption from preparing a cash flow statement
The charity opted to ¢3Fly adopt Bulletin I published on 2 Febwary 2016 and have therefore not included a cash
flow statement in these financial staternents.
Ineome and endowments
All in¢om¢ is re¢ognised onGe th¢ Charity ha8 entidement to the ir&wme, Ét is probable that the inconie Mqll be
recetved #nd the amount of the income recetvable can be measured reliably.
Pag¢ 17

Royal Society of Ulster Architects
known as RSUA
Notes to the Financial Statements for the Year Ended 31 March 2025
Donatsopu legacies
Donations are recognised when the charity has been notified in witing of l)oth the amount and settlement date.
In th¢ ¢vent that a donation is subject to conditions tbat require a level of performance by the charity before the
charity is entitled to the fimds, the income is deferred alld not recognised until either those ¢onditions are ￿llY
rneL or the fulfilment of those conditions is ryhdlolly within the wntrol of the charity and it is probable that these
conditions will b¢ fulfilled in the reporting period.
Grnnts rételvable
Grants ar¢ recognised when th¢ charity has an entxtl¢ment to the funds and any conditions Ixnktd to the gr2nts
have been met. Where performance conditions are Attached to the grant and are yet to be meL the income is
Tecognised as a liability and included oh the balance sheet as deferred income to be released.
Dividends are Te¢ognised once the dividend bas been declared and notification has been Tetrived of the dividend
due.
Expendithre
All expenditure is recog[kis￿ oJ3ce there is a legal or oonstnjctive obligation to that expenditure. it is probabl¢
ettlem¢nt 15 required and the atnount can be m¢asured reliably. All costs are allocated to the applicable
expenditure heading that aggregate similar costs to that category. Where ￿St5 ranuot be directly attril)uted to
particular headings they have beer) 311ocated on a basis coJ)sist¢nt with the use of resources, wtth central staff
costs allocated on the basis of tim¢ spent, and depreciation charges aJlo¢ated on the portion of the asset's use.
Other support costs are allocated based on the spread of staff costs.
Charituble I￿riVIl1eS
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services
for rts benefieiaries. It includes both costs that can be allocat¢d dir¢¢tly to such activiti￿ and those costs of an
indirect nathre necessary to support them.
Support costs
Support costs include central furA¢tions and have been allo¢ated to activity cost categories on a basis consistent
with the use of resour¢¢s, for ¢xample, allo¢ating property costs by floor areas, or per ¢apita, staff costs by the
time spent and other costs by their usage.
Governance costs
These in¢lud¢ the costs attributable to the charity's wmpliance wlth ¢on5titutional 3nd Stat￿Ory reqvtr¢ments,
including audi¢ strategic management and trusts¢s meetings and reimbursed exp¢ns¢s.
Taxatio
The ch￿lty is considered to p&ss the tests set out in Paragraph I Schedule 6 of the Finamce Act 2010 and
therefore it meets the d¢finition of a charitable company for UK co￿oration tWE purpose5. A¢¢ordingly) the
charity is potentiaIly exernpt from taxation in respect of income OT ¢apitsl gains received wlthin ¢ategoTies
covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable
Gains Act 1991 to the extent that such income or gains ar¢ applied exclusively to charitable purposes.
Pag¢ 18

Royal Society of Ulster Architects
known as RSUA
Notes to the Financial Statements for the Year Ellded 31 March 2025
Tangible fixed assets
Individual f￿¢d assets costing £IOO.110 or rnore are Ènitially rttord¢d at ¢osL
Depreciation and amortisation
D¢preciation is provided on tangible fixed assets so as to write off the cost or valuation. less any estimated
residual value, over their expected use￿1 economic life as follows:
Trxde debtors
Trade d¢btors are arno￿ts due from custo]ners for merchandise sold or s¢Thi¢es perfonned in the ordinary
course of business.
TTad¢ debtors are Tecognised initialty at the transaction price. They are subsequently m¢asur¢d at amortised cost
using the effective interest method, less pmvision for impairment. A provision for the impairnient of trade
debtors is established when there is objective evidence that the charity will not be able to collect all amow]ts due
according to th¢ original tern￿ of the ieceivables.
C2sh and cash equivalents
Cash and cash equivalents compTiS¢ ¢&gh on hand and call deposits, and other short-kmi highly liquid
investments that are readily convertible to a known amount of cash and are subject to an insignjficant risk of
¢hange In value,
Trade Creditors
Trade credttors are obligations to pay for goods or services that have been acquired Rn the ordinary course of
business from suppliers. Accounts payable are classified as Current liabilities if the cIwity does not have an
unconditional rigbt, at the end of th¢ reporting period, to defer sett]ement of the creditor for at least twelve
months after the reporting date. If there is an unconditional Tight to defer settlement for at least twelve Months
after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction pTic¢ and subs¢quently measured at amortised cost
using the eff¢¢tAv¢ interest method.
Borrowings
Interest-b¢8ring borrowings are initially recorded at fair value, net of transaction costs. Interest-beartng
borrowings are subsequently carried at amortised cost, with th¢ difference between the pro¢¢ed$, net of
transaction costs, and the amount due on redemption being re¢o£nised as a ¢haTge to the Statement of Finau¢ial
Activities over the p¢riod of the relevant borrowing.
Interest expens¢ 1$ rew8nis¢d on the basis of the efftctive interest method and is included in interest payable
and simi18r cbarges.
Borrowings are classified as ffl￿ent liabilities unless the clwity has an un¢onditional right to defer settlement of
the liability for at least twelve months aft¢r the r¢portina date.
Page 19

Royal Society of Ulster Architects
known as RSUA
Notes to tbe Financial Statements for the Year Ended 31 March 2025
Foreign exebaDge
Transactions in foreign currencies are recorded at the rate of exchange at th¢ date of the transaction. Monetary
assets and liabilities d¢nominated in foreign ¢umn¢i¢s at the balance sheet date are T¢POrt¢d at the Tates of
exchange prevailing at that date.
The results of overseas operations are translated at the average rates of ¢xrhang¢ during the period and tbeir
balance sheets at the rales ruling at the balan¢¢ sheet date, Exchange differences ￿lsIllg on translation of the
opening net assets and results of overseas operations are reported in other comprehensive income and
accumulated In equity (attributed to non-controlling inter¢5ts as appropriate).
Other ex¢hange differtnces att recognised in the Staterttent of Finaucial Activities in the period in which they
aris¢ except for..
l) exchange difftrenw on transactions entered into to hedge ¢ertain foreign Cu￿encY risks (see above).
2) exchange differences ￿l5]ng on gains or losses on non-monetary it¢ms which are recognised in other
compTeh¢nsive inwtne. and
3} in the case of the consolidated financial statements, exchange differences on monetary items Teceivabl¢ from
or payable to a foreign operation for thich settlement 15 neith¢T planned nor likely to occur (therefore forminE
part of the net inv¢sttn¢nt in the frireign operation), which are Tecognised in other comprehensive income and
r¢port¢d under equity.
Fund strncturc
Unrestricted income ￿lldS are general funds that are available for use at the b￿ste¢S dis¢r¢tion in firtherance of
the objectives of the charity.
Designated fimds are u[￿estrICted funds set aside for specific puryos¢s al the dis¢retion of the t￿ste¢S.
FinaB¢ial instruments
aassificalion
Financi￿ assets and finan¢ial liabilities are re¢o8nised when the charity becomes a party to the ¢ontwtual
provisions of th¢ instrwDent.
Financial liabilities and equity instruments are classifjed a¢¢ordillg to the substance of the contractual
arrangements entered into. An equity instrument is ally ¢03Jtra¢t Éhat evldences a residua] interest in the assets of
the charity after deductiug all of its liabilities.
Page 20

Royal Society of Ulster Architects
known as RSUA
Notes to the Financial Statements for the Year Ended 31 March 2025
Recognition ond m¢rtgurement
All financial assets and liabilitie5 are initially measured at transaction price (including transaction costs), except
for those ftnallcial assets ¢l&ssified as at fair value througb profit or loss, whi¢h are initially measwed at fair
value (which is nornially the transaction price excluding transaction costs), unless th¢ aTrangem¢nt constitutes a
financing tR￿sactIon. If au a￿angernent ¢onstktutes a financing trdnsaction. the financial asset or financial
liability is measured at the present value of the firture payments diswwrted at a market rate of interest for a
similar debt inslrtnh¢nt.
Financial assets and liabilities are only offset in the statement of financial POSAtion when, and only when th¢T¢
exists a legally enforceable rigllt to set off the recognised a￿O￿nts and the ¢harity intends either to s¢ttle on a
net basis, OT to realise the asset and s¢ttle the liability simultaneously.
Financial &ssets are derewgnised when and only ithen 3) the e4)ntractual rights to the Cash flows from the
financial asset expire or are settled. b) the ¢haTity transfers to another party substantially all of the risks and
rewards of olvnership of the financial assel or c) the charity, despite having retained 50m¢, but not all,
$ignifiwJt risks and rewards of oThmership, has transferyed control of th¢ asset to anoth¢T party.
FinancÈal liabilities are derecognised only when the obligation sp¢¢ifi¢d in the mrjtract is discbarged. cancelled
or expires.
Page 21

Royal Society of Ulster Architects
known as RSUA
Notes to the Financial Statements for the Year Ended 31 March 2025
Debtinstrumep
Debt iDstrum¢nts which mect the following ¢onditiODS are subsequently measured at amortised cost using the
effective interest method:
(a) The coDtra¢tual Tetum to the holder is (i) a r￿ed amount. (li) a positive fixed rate or a positive variable rate.
or (iii) a combination of a positive or a negative r￿ed rate and a positive variable rnte.
(b} The contract provide for repayments of the principal or th¢ Teturn to the holder (but not both) to be
linked to a single relevant observable index of general price inflation of the c￿￿enCY in which the debt
instrument is denominated. provided such links are not levernged.
(¢} The contract may provlde for 2 detemixnable variation of the Tetwn to the holder during the life of the
insÉnunent, piovided that (i) the new rate satisfies condition (a) and the v&riation is not contingent on future
events other than (l) a change of a contractual variable ￿te. (2) to pft)tect the holder against Credit deterioration
of the issuer. (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law,
or (li) the new rnte is a market rate of interest and satisfies condition (a).
(d) There is no contractual provision tbat could. by tts tern]s, r¢suIt in the holder losing the principal amount or
any intsrest attributable trs the current period or prior periods.
{e) Contractual provisions that pernilt the issuer to prepay a d¢bt instrument or perniit the holder to put it back to
the issuer before maturity are not contingent on future events other than to protect the holder against the ¢Tedit
dettrioration of the issuer or a chkwge in conknl of the issuer, or to protect the holder or issuer against changes
in l¢vi¢s applied by a ¢entral bank or arising £rom changes in relevant tayation or law.
(fj Contractual provisions may pemit the &xtension of the tem of the debt instnm]enL provided that the rethrn
to the holder and any other contrathal provisions applicable duTing the extended terni satisfy the Gonditions of
paragraphs (a) to (G).
Debt instThments that are Classified as payable or r¢Geivable within one Y¢￿ on initial re¢ognition and whi¢h
meet the above conditions ar¢ measured at the undis¢owited amouT)t of the ¢ash or other consid¢ration exp¢ct¢d
to bc paid or received. net of impairment.
With the exceptAoll 4)f some hedging instnmients, other debt instruments not meeting these conditions arc
measured at fair value througb profit OT Ioss.
Commilments to n￿k¢ reGeiv¢ loans which m¢¢t the wnditions m¢nÉion¢d abov¢ aTe me&8ured at cost
(which may b¢ nil) Ress impairni¢nt.
Investments in non-¢onv¢rttble prefer¢nce shares and non-puttable ordinary or preference shares (wher¢ shar¢s
are publicly traded or their fair value is reliably M￿U￿ble) are measl￿ed at fair value through profit or loss.
Where fair value cannot be measured reliably, investments are measured at cost less in￿a]n￿ent.
Inv¢stments in subsidiaries and associatss are rneasured at ¢0st less impairment. For inv¢sthients in subsidiaries
aGquired for consideration including the issue of Shar￿ qualifying for merger relief, wst is measured by
Teference to the nominal value of the thares issued plus fair value of other consideration. Any Premium is
ignored.
Page 22

Royal Society of Ulster Architects
known as RSUA
Notes to the Financial Statements for the Year Ended 31 March 2025
Deriva¢lvefinaneial instrnments
The charity ￿e$ derivative financial instnunents to redu¢¢ exposure to foreign exchange risk and interest rat¢
movements. The charity does not Iwld or issue derivative finan¢iaJ instruments for speculative purpos¢s.
D¢rivatTves 4r¢ initially recogntsed at fair value at the date a derivative contract is entered into and are
subsequently Temeasured to their fair value at each reportlng date. The r¢sulting gatn or loss is recognised in
statement 0£ financial activities inunediaÉety unless the derivative is designated and effective as a hedging
instrum¢nt, in Nthi¢h event the timing of the recognition in statement of financial activities depends on th¢
nature of the hedge relationship.
Fair value nieasurement
The best evidence of fair value is a quoted price for an identtcal asset in an xettve market. When quoted prices
are unavailable, the price of a T¢C¢lIt transa¢tion for an id¢nti¢al ass¢t provides evidence of fair value as long as
ther¢ has not been a significant change in economt¢ ¢iTtumstatt¢es or a significant lapse of time since the
transathion took place. If the market ts not active and recent traDsactions of an identical asset on their are
not a g(Trod ¢stimat¢ of fair value, the fair value is estimated by using a valuation trchnique.
3 Income from donatioD$ aud lega¢i¢s
Unrestricted
funds
Gtneral
Total
nds
Donations and legacies.
RSUA Subscriptions
Grants, including capital grants"
Grants
240
240
150,408
150,408
Total for 2025
150,648
150,648
Total for 2024
149,655
149,655
4 Income from charitable #rtivitfies
Unre$trieted
funds
General
Total
funds
Promotion of Architecthre
Promotion of Knowledge
Promotion of Destgn Excellen¢¢
Provision of Alternative Dispute Resolution
73,380
92.531
63.156
600
73.380
92,531
63,156
600
Total for 2025
229,667
229.667
Totsl for 2024
186,597
186,597
Page 23

Royal Society of Ulster Architects
known as RSUA
Notes to the Financial Statements for the Year Ended 31 March 2025
5 Incoyne from other tr#dlng 8ctivlties
Unrestricted
funds
General
Tot
funds
Trading iu¢ome'
Bookshop and Online SaIes
Bookshop Commission
Website Incom¢
Events income"
Exi]ibitioD - Art Sales
P.1. Commission
Magazine/Advertising Conllnission
6,078
3,432
811
6,078
3,432
811
1,525
4,303
3,450
1,525
4,303
3,450
Total for 2025
19,599
19,599
Total for 2024
18,018
18,018
6 Investment ineome
Unrestrfieted
funds
Ceneral
Totsl
funds
Interest Te¢eivabl¢ and similar income-
Interest receivable on bank deposits
7,011
7,011
Total for 2025
7,011
7,011
Totsl for 2024
4,304
4,304
Page 24

Royal Society of Ulster Architects
known as RSUA
Notes to the Financial Statements for the Year Ended 31 March 2025
7 Trustees remuneratlon and expensos
During the year the charity made the following transactlons with trustees:
J Lavery
£273 (2024: £Nil) of expenses were reimbursed to J Lavery during the year.
£273 r¢imburs¢ment for travel cliams ￿latillg to RSUA council matters.
P McAlister
£1,012 (2024.. £823) of exp¢ns¢s were reimbursed to P M¢Alister during the year.
£1012 reimbursement for travel cliams relating to RSUA councll matters.
J Grieve
£150 (2024: £50) of expenses were Teimbursed to J Grieve during th¢ y¢ar.
£150 for reinthursement with costs for the Early Career Archifrcts Event.
No trustees, nor any persons connected with them. have recetved any remuneration from th¢ charity during the
year.
8 Independent exAminer's remuner2tion
2025
2024
Examination ofthe fmancial stat¢ments
1,950
1,925
9 TAx#tioll
The charity is a registered charÈty and is tberefore ¢xeEUPt from taxation.
10 Tangible fJ3ed 2ssets
Land and
buildings
Furniture #nd
equipjnent
Computtr
equipment
Total
Cost
At l April 2024
446,041
8,861
84,200
539,102
At 31 Marth 2025
446,041
8,861
84.200
539,102
Depreciation
At l April 2024
Charge for the year
229,731
8,921
8,861
76,123
2,123
314,715
11.044
At 31 Mwh 2025
238,652
8,861
78.246
325,759
Net book value
Page 25

Royal Society of Ulster Architects
knoivn as RSUA
Notes to the Financial Statements for the Year Ended 31 March 2025
L4Dd and
buildings
Furnitllre 2nd
equipment
Computer
equipment
Total
At 31 March 2025
207,389
5.954
213,343
At 31 March 2024
216,310
8,077
224,387
Page 26

Royal Society of Ulster Architects
known as RSUA
Notes to the Finaneial Statements for the Year Ended 31 March 2025
11 Debtors
2025
2024
Trade debtors
Prepayments
Otber debtors
59,077
34,248
60,210
24,309
33,146
99,904
153,535
157,359
12 Cash and cash equivalents
2025
2024
Cash on h2nd
Cash at bank
io
260,380
538
278,771
260.390
279.309
13 Creditors: amowits falling due wlthip one yéar
2025
2024
Trade CTeditOTS
Other tsxation and social security
OtheT Ctedttors
Accruals
9,924
15,112
54,163
14,626
25.114
15,529
36,336
12,120
89,099
93,825
14 Fullds
B*lance #t I
April 2024
lutoming
resources
Resoure¢s
cxptnded
Balanee at 31
March 2025
Unrestricted funds
G¢n¢ral
568,475
406,925
(445.437}
529.963
Desi￿)2ted
3,480
3,480
Total funds
571,955
406,925
{445,437
533 443
Page 27

Royal Society of Ulster Arehitects
knoTrvn as RSUA
Notes to the Financial Statements for the Year Ended 31 March 2025
Balance at I
April 2023
Ineoming
resourc
Resources
expended
Balance at 31
March 2024
Unrestrieted fun(Ls
G¢n¢ral
601,396
358,574
(391,494)
568,476
Designated
3.480
3,480
Total funds
604,876
358,574
{391,494
571,956
The specific purposes for Ml]iGh the fimds are to be applied are as follows:
TTUSt¢¢s hav¢ designated thnd arnounting to £3,480 {2023: £3.480) towards activities previously underdtken by
PLACE (Planning, Landscape, Ar¢hite¢ture. Cotnmunity & Emiironment).
15 Analysis of net assets between funds
Tot#1 funds at
31 March
2025
Unrestricted funds
General
D¢signattd
Tangible fixed assets
Current assets
Current liabilities
213,343
410,445
(93,825}
213,343
413,925
93,825
3,480
Total llet ass¢ts
529,963
3,480
533,443
Total funds at
3111(arch
2024
Unrestrirted funds
General
Designated
Tangible fixed assets
Current assets
Current liabilities
224.387
433,188
(89.099)
568,476
224,387
436,668
(89,099)
571,956
3.480
Total net wets
3,480
16 Related party transactions
Page 28

Royal Society of Ulster Architects
known as RSUA
Notes to the Financial Statements for the Year Ended 31 March 2025
17 Anatysis of governanee #nd support costs
Govern*nee costs
Unres*rieted
fuTAds
General
Total
funds
Staff Costs
Wages and salaries
Independent examiner fees
Examtnation of the financial statements
Allocated support costs
16,925
16,925
1,950
1,950
6.516
Tot41 for 2025
25,391
25J91
Total for 2624
25,816
25,816
18 Exp¢nditllre oll raising fllnds
Allocated
support costs
Total
costs
Direct costs
Costs of trading aGtivkties
10241
12,994
23235
Total for 2025
10241
12,994
23,235
Totsl for 2024
7,634
13,831
19 Expenditure on eharitsble activities
Unrestricted
funds
General
Totgl
funds
Note
Promotion of Architecture
Prornotion of Knowledge
Income Generating Activities
Promotkon of Design Excellence
Staff costs
Governance costs
100,684
83,471
13202
27,778
194,911
25,391
100,684
83,471
13,202
27.778
194.911
25,391
17
Total for 2025
445,437
5,437
Total for 2024
391,494
391,494
Page 29

Royal Society of Ulster Architscts
known as RSUA
Notes to the FinanciaI Statements for the Year Ended 31 March 2025
In addition to the expenditure analysed above, there are also goven)allce costs of £25,391 (2024 - £25,816)
wljich relate directly to charitable activities. See not¢ 17 for ￿rther details.
20 Staff costs
The aggregate payToII costs were as follows".
2025
2024
Staff costs during the year were:
Wag¢s and salaTies
Other staff costs
211,565
271
212,495
774
211,836
213,269
The monthly av¢rag¢ number of persons {in¢luding senior management / leadership team) employed by the
tharity during the yeaT expressed as ￿1] tim¢ equivalents was as follows:
2025
No
2024
No
Charitable Activities
6 (2024 - 6) of the above employees parti¢ipated in the Defmed Contril)lltion Pension Sthemes.
Contributions to the employee pension schemes for the year totalled £12.294 (2024- £14.831).
The oumber of employees whose ¢molwnents fell within the following bands was:
2025
2024
No
£60,001- £70,000
21 Net incomingloutgoing resources
Net outgoing resow¢es for the year include:
2025
2024
Deweciation of fixed a8sets
11,044
10,873
Page30