THE LAW SOCIETY OF NORTHERN IRELAND TRUST
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
CONTENTS
PAGE
Legal and Administralive Information
Trustees, Report
24
Independent auditors, report
Statement of financial activities
Statement of financial position
Notes to the financial statements
10-12

THE LAW SOCIETY OF NORTHERN IRELAND TRUST
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Brian Speers
Mark Borland
Darren Toombs
Colin Mitchell
Operational address
Law Society House
96 ViGtoria Street
Belfast
BTI 3GN
Independent auditors
HM Chartered Accountants
6th Floor, East Tower
Lanyon Plaza
8 Lanyon Place
Belfast
BT1 3LP
Bankers
Danske Bank
Donegall Square
West Belfast
BTI 6JS
First Trust Bank
35 University Road
Belfast
BT71NH
Reglstored with the charity commlsslon for Northern Ireland
NIC101277

THE LAW SOCIETY OF NORTHERN IRELAND TRUST
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
TRUSTEES, REPORT
The Trustees present their report and audiled financial statements for the Law Society of Northern Ireland
Trust for the year ended 31 December 2024. The Trustees confirm that the report and financial statements of
the charity comply with the current statutory requirements, the requirements of the charity's goveming
document and the provisions of the Statement of Recommended Practice {SORP), applicable lo charities
preparing their financial statements in accordance wilh the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 as well as the Charities Act (Northern Ireland) 2008.
Results and financlal revlew
The trustees are pleased lo present the results for the year ended 31 December 2024. Incoming resources for
the year were £8,441 12023.. £6.880} and after expenditure of £300 (2023.. £3001 there were net incoming
re50ufGes for the year of £8,141 {2023-. (£6,580). At the year-end unrestricted funds sland at £196,32512023:
£188,184).
Structurei govemance and management
The Charity is a charity established under a Deed of Trust dated 25 March 1992 which establishes the objects
of the Charity and the powers of the Trustees.
Appointment of Trustees
The Trustees shall be the present office-bearers of the Law Society of Northern Ireland, in the case of each of
them for so long as they hold office as President, Senior Vice-President, Junior Vice-President and Honorary
Treasurer.
The trustees who served during the year were..
Brian Speers
Brian Archer
Mark Borland
Darren Toombs
Colin Mitchell
The Trustèe5 at lh8 date this report was approved. are listed on page 1. The Trustees musl offer their
resignation after ceasing to be an office bearer in the Society. During the year to 31 December 2024, there
were no more than four serving Trustees at any given lime.
Purpose, objectlves and actlvltles
The objectivé of the Trust is to make provision for any or all of the following..
The continuation and furtherance of legal education and the acquisition of legal knowledge.,
The Institute of Professional Legal Studies at the Queen's University of Belfast and any similar
institution or body which is for the lime being established for charitable purposes.,
Scholarships, exhibitions, bursaries. prizes or grants to be awarded, given or made for thg fvrtherance
of legal education or of research into the laws of Northern Ireland and of other jurisdictions.,
The discharge of charitable obligations (if any) imposed upon the Society by statute or otherwise.

THE LAW SOCIETY OF NORTHERN IRELAND TRUST
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
TRUSTEES. REPORT {CONTINUED)
Achievementsi performance and future developments
In the year no grant (2023 £nil) was made to the Law Society of Northern Ireland.
The Trustees are considering the future of the charity in order to effectively fulfil its charitable objectives.
Public beneflt
The Charity Commission for Northern Ireland has published guidance to charity Trustees and provided
guidance on the principles of public benefit to the advancement of education. The Trustees have considered
the relevant guidance and are satisfied that all the charity's charitable activities fall within its objectives and
result in considerable benefit to the public, as demonstrated in the section of this report dealing with
achievements and performance.
Reserves policy
The Trustees aim to maintain the free reserves in unrestricted funds at a level which will allow them to consider
grant applications from the Society for educational purposes. The Trustees are currently maintsining a
minimum cover equivalent to two thirds of the annual grant application. The Trustees consider that this is an
adequate level of cover.
Funds held as Custodian Trustee on behalf of others
The charity does not hold any funds as custodian for any other Trustee body.
Statement of Trustees. responsibilities
The Trustees are responsible for ensuring the financial statements are properly prepared in all material
respects that gives the Trust's position at the end of the financial year and of the incoming resources and
application of resources of the Trust for the financial year. In preparing the financial statements. the Trustees
are required to:
select suitable accounting policies and apply them consistently.,
observe the methods and principles in Ihe Charities SORP,.
make judgements and accounting estimates that are reasonable and prudent;

THE LAW SOCIETY OF NORTHERN IRELAND TRUST
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
TRUSTEES. REPORT {CONTINUED)
state whether the applicable accounting standards have been followed, subject to any matgrial departure
disclosed and explained in the financial statements., and
prepare the financial statements on the going concern basis. unless it is inappropriate to presume that
the Trust will continue in business.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy
at any time the financial position of the Trust. They are also responsible for safeguarding the assets of the
Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Statement of Disclosure of Information to Auditors
So far as each of the Trustees in office at the date of approval of these financial statements is aware:
there is no relevant audit information of which the charity's auditors are unaware- and
they have taken all the steps that they ought to have taken as trustees in order to make themselves
aware of any relevant audit information and to establish that the charity's auditors are aware of that
information.
Reference and administrative details
Administrative details are included on page 1.
Independent auditors
The auditors. Harbinson Mulholland, have indicated their willingness to continue in office, and a resolution
concerning their reappointment will be proposed at the Annual General Meeting.
Trustees, report was approved and authorised for issue by the Trustees and signed on their behalf by:
Colin Mitchell
Trustee
Date: 15 October 2025

THE LAW SOCIETY OF NORTHERN IRELAND TRUST
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF LAW SOCIETY OF NORTHERN
IRELAND TRUST
Report on the audlt of the financlal statements
Opinion
In our opinion, Law Society of Northern Ireland Trust's financial statements (the'financial statements")..
give a true and fair view of the state of the Trust's affairs as at 31 December 2024 and of its incoming
resources and application of resources for the year then ended.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice
(United Kingdom Accounting Standards. comprising FRS 102"The Financial Reporting Standard applicable
in the UK and Republic of Ireland" and applicablé law)., and
have been prepared in accordance with the requirements of the Charities Act {Northern Ireland} 2008 and
The Charities (Accounts and Reports) Regulation5 (Northern Ireland) 2015.
We have audited the financial statements, which comprise.. the statement of financial position as at 31
December 2024. the statement of financial activities for the year then ended- the accounting policies,. and the
notes to the financial statements, which include a description of the significant accounting policies.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing {UK) ("ISAs (UKI") and
applicable law. Our responsibilities under ISAS (UK) are further described in the Auditors, responsibilities for
the audit of the financial statements section of our report. We believe that the audit evidence we have obtained
IS sufficient and appropriate to provide a basis for our opinion.
Independence
We remained independent of the Trust in accordance with the elhical requirements that are relevant to our
audit of the financial statements in the UK, whiGh includes the FRC'S Ethical Standard and we have fulfilled
our other ethical responsibilities in accordance with these requirements.
Concluslons relating to golng concern
Based on the work we have performed. we have not identified any material uncertainties relating to events or
conditions that, individually or Collectively, may cast significant doubt on the Trust's ability to continue as a
going concern for a period of at least twelve months from the date on which the financial statements are
authorised for issue.
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
However, because not all future events or conditions can be predicted, this conclusion is not a guarantee as
to the Trust's ability to Continue as a going concern.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the
relevant sections of this report.
Reporting on other information
The other infomiation Comprises all of the infomiation in the Financial Statements other than the financial
statements and our auditors, report thereon. The trustees are responsible forthe other infomation. Ouropinion
on the financial statements does not cover the other information and, accordingly. we do not express an audit
opinion or any fomi of assurance thereon.
In connection with our audit of the financial statements, our responsibility 15 to read the other information and.
in doing so, consider whether the other information is materially inconsistent with the financial statements or
our knowledge obtained in the audit. orotherwise appears to be materially misstated. If we identify an apparent

THE LAW SOCIETY OF NORTHERN IRELAND TRUST
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
INDEPENDENT AUDITORS, REPORT (CONTINUED)
Reporting on other information (continued)
material inconsistency or material misstatement, we are required to perform procedures to conclude whether
there is a material misstatement of the financial statements or a material misststement ofthe other information.
If, based on the work we have performed, we conclude that there is a material misstatement of this other
information, we are required to report that fact. We have nothing to report based on these responsibilities.
Based on our work undertaken in the Course of the audit, the Charities (Accounts and Reports) Regulations
(Northern Ireland) 2015 requires us also to report certain opinions and matters as described below.
Trustees. Report
Under the Charities (Accounts and Reports) Regulations (Northem Ireland) 2015 we are required to report to
you if. in our opinion the information contained in the financial statements is inconsistent in any material respect
with the Trustees. Annual Report. We have no exceptions to report arising from this responsibility.
Responsibilities for the financial statements and the audit
Responsibilities of the Trustees for the financial statements
As explained more fully in the Statement of Trustee's responsibilities, the trustees are responsible for the
preparation of the financial statements in accordance with the applicable framework and for being satisfied
that they give a true and fair view. The trustees are also responsible for such internal control as they determine
is necessary to enable the preparation of financial statements that are free from material misstatement,
whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the Trusl's ability to continue
as a going concern, disclosing as applicable, matters related to going concern and using the going concern
basis of accounting unless the trustees either intend to liquidate the Trust or to cease operations. or have no
realistic alternative but to do so.
Auditors, responsibllities for the audit of the financial statements
We are eligible to act and have been appointed as auditors under section 65{2)' of the Charities Act (Northern
Ireland) 2008 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement. whether due to fraud or error, and to issue an auditors, report that includes our
opinion. Reasonable assurance 15 a high level of assurance. but is not a guarantee that an audit conducted in
accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to deted material misstatements in respect of
irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities,
including fraud. is detailed below.
Based on our understanding of the Trusuindustry, we identified that the principal risks of non-compliance with
laws and regulations related to solicitors orders. data protection and employment, and we considered the
extent to which non-compliance might have a material effect on the financial statements. We also considered
those laws and regulations that have a direct impact on the financial statements such as the Charities Act
(Northem Ireland) 2008 and The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015. We
evaluated the incentives and opportunities for fraudulent manipulation of the financial statement5 (including
the risk of override of controls) by the trustees and those responsible for, or involved in. the preparation of the
financial statements, and determined that the principal risks were related to posting of inappropriate joumal
entries to manipulate profit and inappropriate recognition of revenue. Audit procedures performed included:

THE LAW SOCIETY OF NORTHERN IRELAND TRUST
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
INDEPENDENT AUDITORS, REPORT (CONTINUED)
Audltors, responslblllties for the audit of the flnancial statements (continued)
Discussions with management including the consideration of known or suspected instances of non-
compliance wilh laws and regulation and fraud-
Identifying and testing unusual journal entries. in particularjournal entries posted with an unusual account
combination. and
performing unpredictable procedures
There are inherent limitations in the audit procedures described above. We are less likely to become aware of
instances of noncompliance with laws and regulations that are not closely related to events and transactions
reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is
higher than the risk of not detecting one resulting from error. as fraud may involve deliberate concealment by,
for example, forgery or intentional misrepresentations, or through collusion.
A further description of our responsibilities for the audit of the financial stalements is located on the FRC'S
website at.. www.frc.or
.ukJauditorsres
onsibilities. This description forms part of our auditors, report.
Use of this report
This report, including the opinions, has been prepared for and only for the Trust's trustees as a body in
aGcordance with section 65 of the Charities Act (Northern Ireland) 2008 and regulations made under section
66 of that Act (Part 4 of the Charities (Accounts and Reports) Regulations (Norihern Ireland) 2015) and for no
other purpose. We do not. in giving these opinions. accept or assume responsibility for any other purpose or
to any other person to whom this report is shown or into whose hands it may come save where expressly
agreed by our prior consent in writing.
Other required reporting
Charities (Accounts and Reports) Regulations {Northern Ireland) 2015 exception reporting
Under the Charities (Accounts and Reports) Regulations (Northem Ireland) 2015 we are required to report to
you if, in our opinion:
sufficient accounting records have not been kept.,
the financial statements are not in agreement with the accounting records., or
we have not received all the information and explanations we require for our audit.
We have no exceptions to report arising from this responsibility.
HMC
artered Accountants
6th Floor, East Tower
Lanyon Plaza
8 Lanyon Place
Belfast
BT13LP
2DzI

THE LAW SOCIETY OF NORTHERN IRELAND TRUST
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
Note
2024
2023
Incoming resources
Voluntary income
Investment income
8.441
8,441
6,880
6,880
Total incoming resources
Outgoing resources
Charitable activities
Governance costs
(300)
(300)
8,141
(300)
(300)
6.580
Total resources expended
Net Incoming resources for the year
Reconciliation of funds
Total funds brought forward
Total funds carried forward
188.184
196.325
181,604
188,184

THE LAW SOCIETY OF NORTHERN IRELAND TRUST
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024
2024
2023
Note
Current assets
Cash at bank and in hand
Creditors: amounts falling due within one year
Net assets
202,625
194,184
(6,000)
188,184
(6,300)
196.325
The funds of the charity
Unrestricted funds
196,325
188,184
The financial statements were approved by the trustees on 15 October 2025
Colin Mitchell
Trustee

THE LAW SOCIETY OF NORTHERN IRELAND TRUST
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
NOTES TO THE FINANCIAL STATEMENTS
Basis of preparatlon
The financial ststements have been prepared in accordance with Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charities preparing theirfinancial statements in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective 1
January 2015} - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) and the Charities Act (Northern Ireland) 2008(13). Assets and liabilities are
initially recognised at historical cost and transaction value unless otherwise stated in the relevant accounting
policy note(s).
Accounting policies
The financial statements have been prepared under the historical cost convention and the Charilies SORP
FRS 102. The principle accounting policies, which have been applied consistently, are set out below.
Fund accounting
Funds held by the charity are either:
Unrestricted general funds- these are funds which can be used in accordance with the charitable objecls
at the discretion of the trustees.
Designated funds- these are funds set aside by the trustees out of unrestricted general funds for specific
future purposes or projects.
Restricted funds - these are funds that can only be used for particular restricted purposes within the object
of the charity. Restrictions arise when specified by the donor or when the funds are raised for particular
restricted purposes.
Incoming resources
Income is recognised in the period in which the charity is entitled to receipt and the amount can be measured
with reasonable certainty. Income is deferred only when the charity has to fulfil conditions before becoming
entitled to it or where the donor has specified that the in¢ome is to be expended in a future period..
Voluntary income is received by way of donations and gifts and is included in full in the Statement of
Financial Activities (SOFA) when receivable.
Income re￿iVed from activities for generating funds are included when collected.
Investment income is included when receivable.
Donated facilities are included at the value to the charity where this can be quantified and a third party is
bearing the cost. No amounts are included in the financial statements for services donated by volunteers.
Resources expended
Resources expended are included in the SOFA on an accrual's basis. inclusive of any VAT which cannot be
recovered.
Costs of generating funds comprise the costs associated with attracting voluntary income.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and
services for its beneficiaries. It includes both costs that can be allocated directly to such activities and
those costs of an indirect nature to support them.
Govemance costs include those costs associated with meeting the Constitutional and statutory
requirements of the charity and include the audit fees and cost linked to the strategic management ofthe
charity.
Taxation
No provision is required for taxation as the company is defined as a charity for taxation purposes.
Audit fees
Audit fees for this entity are paid by The Law Society of Northern Ireland.
10

THE LAW SOCIETY OF NORTHERN IRELAND TRUST
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
Critical accounting Judgements and estimation uncertainty
Estimates and judgments are continually evaluated and are based on historical experience and other factors.
including expectations of future events that are believed to be reasonable under the circumstances.
Crltl¢al judgements in applying the entity's accounting policies
There are no critical judgements in applying the company's accounting policies.
Critical accounting estimates and assumptions
There are no critical accounting estimates and assumptions.
Voluntary income
2024
2023
Contribution from the Law Society of Northern Ireland
Investment income
2024
2023
Interest received
8,441
6.880
Charitable activities
2024
2023
Grant aid to the Law Society of Northern Ireland
Govemance costs
2024
2023
Auditors, remuneration
300
300
Creditors: amounts falllng due within one year
2024
2023
Amounts owed to related party (note 10)
Accruals and deferred income
6,000
300
5,700
300
6,000
6,300
11

THE LAW SOCIETY OF NORTHERN IRELAND TRUST
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
Unrestrl¢ted funds
2024
2023
At 1 January
Net incoming resources for the year
At 31 December
188,184
181,604
6.580
188,184
8,141
196,325
10
Related party transactions
The Law Society of Northern Ireland Trust is wholly controlled by The Law Society of Northem Ireland.
The Society makes an annual contribution to the The Law Society of Northern Ireland Trust and receives grant
aid from the Trust.
Transactions and the balance with the related party are as follows-
The Law Society of Northern Ireland ("the Society")
Amounl of transaction
2024
2023
Nature of transaction
Recharge of expenses relating to governance costs
(300)
(300)
Amount owed to related party
2024
2023
Balance due to the Society- included in creditors (note 8)
11
Ultimate controlling party
The Board of Trustees is considered to be the Charities ultimate controlling party.
12