Company registration number.. N1035582 Charity commission registration number- NIC101510 HMRC Gharity reference number.. XN48188 Ulster Architectural Heritage Society (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 December 2024 AE6CGTXT 0810712025 COMPANIES HOUSE A18
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Ulster Architectural Heritage Society Contents Reference and Administrative Details Directors, Annual Report 2to5 Independent Examiner's Report 7t08 Statement of Financial Activitie5 Balance Sheet 10t011 Notes to the Financial Statements 12to23
David J Johnston (Chair to 16 May 2024) Daniel J Calley (Chair from 16 May 2024) John H Anderson (Vice-Chair) Geoffrey S Brooks (Honorary Treasurer) Alastair J Rankin (Honorary Secretary to 16 May 2024) E Murray Power (Honorary Secretary from 16 May 2024) Stephen A Craig Susan J Hannam Robert D Lister Rosie Ford-Hutchinson Nigel J Kinnaird Scott J McBurney Nicola McVeigh Marcus M Patton Alastair J Rankin (Honorary Secretary to 16 May 2024) E Murray Power (Honorary Secretary from 16 May 2024)
Ulster Architectural Heritage Society Directors, Annual Report The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors, report of the charitable Gompany for the year ended 31 December 2024. Trustees and officers The Irustees and officers serving during the year and since the year end are listed on page 1. Objectives and activities The principal objectives of the charity are.. To promote the appreciation and enjoyment of good architecture of all periods; To encourage the preservation of buildings and groups of buildings of artistic merit or historic interesl. To encourage public awareness and appreciation of the beauty, history and character of local neighbourhoods and their surroundings. The activities undertaken durtng the year a detailed in the activities and perf0rrnan. Public benefit Ulster Architectural Heritage Society continues to create high levels of public benefit through its key activities (see 'achievements and performance. section for more detail). The public benefits are as follows- The advancement of built heritage Ihrough the provision of capital and other regeneration work to buildings throughout Northern Ireland- The advancement of education by encouraging public awareness and appreciation of the beauty, history and character of local neighbourhoods and Ihe architecture and buildings within them through the provision of lectuS and information- and The advancement of citizenship and community development through the provision of capital regeneration work to buildings throughout Northern Ireland and encouraging public awareness and appreciation of the beauty, history and character of local neighbourhoods and the architecture and buildings within them. Page 2
Ulster Architectural Heritage Society Directors, Annual Report Achievements and performance Herita e at Risk The Heritage at Risk project {HARNI) is a long-standing partnership between the Society and what is now the Historic Environment Division of the Department for Communities. Eslablished in 1993, the project aims to record architecturally and historicalSy imporiant buildings that appear to be at risk and to act as a catalyst for their conservation and re-use. In the past year, the HAR Officer carried out site visits to over 100 structures and added 64 to the Heritage at Risk Register. 23 buildings were removed for positive reasons. The Officer also responded lo 144 queries relating lo heritage at risk. made an average of three social media posts per week on the subject, contributed five articles to the RSUA magazine Perspective relating io heritage at risk, and spoke at seven relevant events across Northern Ireland. The Officer helped organise a shared programme of activities at Lissan House in February as part of the Skills and Slories event and also spoke at the Care to Conserve Herilage conference in Derry in March and a workshop at the Rural Community Network conference in October. He h8d quarterly meelings wilh Historic Environment Division lo di5Guss progress and key targets as well as online meetings to confirm buildings to be added to or removed from the Register. Events The period under review has been particularly busy for the Events Committee. Since January 2024. there have been ten lectures, six heritage visits. three days of Open House book sales, two walking tours, a weekend city break and last, but not least, a festive drinks paty. Lectures have covered a wide range of topics, and we have been delighted to we5come outstanding speakers - both guests and members of the Society family - to the Old Museum Building and, in one memorable instance in conjunction with The Follies Trust, to Lisbum Museum. Our thanks go to all our speakers for giving such interesting and informalive talks. Visits have taken us to various parts of Ulster including Benburb, Caledon, the Clogher Valley, Cookslown, Coleraine, Glenarm, Hillsborough and, most recently, Greyabbey. Venturing further afield. members also enjoyed a weekend in Cork in August. Our thanks go to all those who have organised events, those who have hosted us at Ihe many venues on our travels and, of course, to our rnembers who have supported us so enthusiastically. Page 3
Ulster Architectural Heritage Society Directors, Annual Report Publications The main focus for the Publications Committee over the past year was the production of our latest book Built to Last.. Restoration and Reuse of Buildings al Risk. The first half of the year was spent pulling together text and photographs for three general essays and 25 case studies of buildings taken off the Heritage at Risk Register and put to new uses. The book was launcheé by Sean Rafferty in November and, thanks to considerable promotional endeavours. has been selling steadily. A Society ste guide, including writing tips. a guide lo citations and a list of preferred term5, was produced during the year and, more recently, the Publications Protocol was updated lo reflect the impact of the substantial legacy received in 2021. Work has also started on future publications, including a book on Lanyon, Lynn and Lanyon, one in the county series on Ihe buildings of County Londonderry, and possible lists of North, West and East Belfast. Hands on Herita Staffing Changes and recruitment delays have affected progress with this project to develop a heritage recording and reporting app, short guides and an online toolkit to support public participation in the protection of the built heritage. The Committee hopes that a recent staff appointment will enable momentum to be quickly re-established. Plannin In addition to the public engagement and social media activities associated with Heritage at Risk and Hands on Hefltage. the Architecture, Planning and Policy Committee has continued to be active in scrutinising heritage-related planning applicalions, contributing constructively lo public debate on planning policy issues, and engaging with Ministers and elected representatives. Two major challenges were initiated against the demolition of the Boyne Bridge (unfortunately since gone) and continuing proposals for the partial demolition of the former Hospital for Sick Children in Queen Street, Belfast. Such Ghallenges are visible demonstrations of the Societys active commitment to its constitutional object of encouraging the presetvalion of buildings of architectural merit or historical interest. Herita eAn els The 2023-24 cycle of this awards programme. supported by the Andrew Lloyd Webber Foundation, the Department for Communities and the National Lottery Heritage Fund, came to its climax with a highly successful awards night al the end of March 2024 in the Braid Arts Centre, Ballymena, courtesy of Mid and East Antrim Borough Council. Financial Review The results for the year are set out on page 7. Net movemenl in funds with surplus of £294 for the year compared to £4.450 in previous year. At the year end the balances of restricted and unrestricted funds held were £221,880 {2023'. £230,752) and £78,340 (2023.. £69,174) respectively. Reserves policy The Directors, aim lo maintain sufficient free reserves to enable the Charity lo maintain its charilable activities at its current level and, if possible. to increase il. Page 4
Ulster Architectural Heritage Society Directors, Annual Report Structure, governance and management The Ulster Architectural Heritage Society is a company limited by guarantee, incorporated on 10 February 1999. It is governed by its Memorandum and Articles of Association dated February 2009, updated November 2016. The Committee consists of up to 12 individuals including Ihe four Officers, namely the Chairman, Vice-chairman, Honorary Secretary and Honorary Treasurer. All members of Committee are required to be members of the charitable Company. Recruitment and Appointment of Committee Members Committee make-up is reviewed on a regular basis to ensure skills. knowledge and experience meets the needs of the charitable company. Committee members are elected at the Annual General Meeting and may not normally serve for more than two consecutive four-year terms. The Committee has the power to fill any casual vacancies arising on the Cornmittee or amongst the Officers. Disclosure of information to independent examiner Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit information and to establish that the Gharity's independent examiner is aware of that information. The trustees confirm that there is no relevant information that they know of and of which they know the independent examiner is unaware. Small ¢ompanies provision statement This report has been prepared in accordance with the small companies regime under the Companies Act 2006. Page 5
Ulster Architectural Heritage Society Directors, Annual Report Statement of Directors. Responsibilities The Directors are responsible for preparing the Difeclors, Report and the financial statements in accordance with applicable law and regulations. Company law requires the Directors to prepare financial statements for each financial year. Under that law the Directors have elected to prepare the financial statements in aGGordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial stalemenls unless they are satisfied that they give a true and fair view of the stale of affairs of the company and of the incoming resources and application of resources, including the income and expenditure, of the company for that period. In preparing these financial statements. the Directors are required to= select suitable accounting policies and apply them consistently- make judgements and estimates that are reasonable and prudent- prepare the financial statements on the going concern basis unless it is inappropriale lo presume that the charitable company will continue in business. The Directors are responsible for keeping adequale accounting records that are sufficient to show and explain the company's transactions and disclose with rèasonable accuracy at any time the financial position of the company and enable them lo ensure Ihat Ihe financial slatements cornply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Special provisions relating to small companies This report has been prepared having taken advantage of the small companies exemption in the Companies Act 2006. Approved by the trustees of the charity on 10 Jun 2025 and signed on its behalf by. Daniel J Calley Chair Geoffrey S Brooks ACMA Treasurer Page 6
Ulster Architectural Heritage Society Independent Examiner's Report I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024. Responsibilities and basis of report As the charity trustees (and also the directors of the company for the purposes of company lawl you are responsible for Ihe preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself thal the charity is not subject to audit under company law, ar¢d is eligible for independent examinalion, it is my responsibility lo.. examine the accounts under section 65 of the Charities Act., follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65{9)(bl of the Charities Act., state whether particular matters have come to my attention. An independent examinalion does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently l express no opinion as to whether the accounts present a 'true and fair, view and my report is limited to those specific matters set out in the independent examiner's statement. Basis of independent exarniner's report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was Carried out in accor(Jance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9){b) of the Charities Act. .The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees conceming any such malters. My role is lo state whether any material matters have come to my altention giving me cause lo believe.. 1. That accounting records were not kept in accordance with section 386 of the Companies Act 2006; 2. That the accounts do not accord with those accounting record5- 3. That the accounts do not comply with the accounting requirements of section 396 of the Companies Acl 2006 and with the methods and principles of the Charities Slatement of Recommended Practice applicable to charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland- and 4. That there is further infomiation needed for a proper understanding of the accounts to be reached. Page 7
Ulster Architectural Heritage Society Independent Examiner's Report Independent examiner's statement I have completed my examination and have no concems in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northem Ireland. I have found no matters that require drawing to your attention. S4.- Brian Stewart For on and behalf of RBCA Limited Chartered Accountants Linenhall Exchange 26 Linenhall Street Belfast, BT2 8BG 10 Jun 2025 Page 8
Ulster Architectural Heritage Society Statement of Financial Activities for the Year Ended 31 December 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restricted funds Total 2024 Total 2023 Note Income and Endowments from: Donations and legacies Charitable activities Investment income Other income 18,781 25,833 7,325 3,259 44,073 46,000 62,854 71,833 7,325 3.259 66,855 101,385 6,712 2,510 Total income 55,198 90,073 145,271 177,462 Expenditure on: Charitsble activities 49,238 108,115 (157,353) (173,933 Total expenditure Gainsllosses on revaluation of fixed assets (49,238) {108,115) (157.353) (173,933) 3,206 9,170 12,376 921 Net incomel(expenditure) 9,166 18,872 294 4.450 Net movement in funds 9,166 (8,872) 294 4.450 Reconciliation of funds Total funds brought forward 69,174 230,752 299.926 295,476 Total funds carried foward 78,340 221,880 300,220 299,926 Continuing operations All ofthe charity's activities derive from continuing operations during the above periods. Total recognised gains and losses There are no reGognised gains and losses other than those passing through the Statement of Financial Activities. The notes on pages 12 to 23 fomi an integral part of these financial statements. Page 9
Ulster Architectural Heritage Society (Registration number: N1035582) Balance Sheet as at 31 December 2024 2024 2023 Note Fixed assets Tangible assets Investments 292 230,039 1,529 211,663 12 230.331 213,192 Current assets Stocks Debtors due within one year Cash at bank and in hand 24,712 15,776 4,086 47,540 16,618 78,847 76.338 111.241 Creditors: Amounts falling due within one year 14 6,449 24,507 Net current assets 69.889 86,734 Net assets 300,220 299,926 Funds of the charity: Restricted income funds Restricted funds 221,880 230.752 Unrestricted in¢ome funds Unrestricted funds 78,340 69.174 Total funds 300,220 299,926 The notes on pages 12 to 23 form an integral part of these financial statements. Page 10
Ulster Architectural Heritage Society {Registration number: N1035582) Balance Sheet as at 31 December 2024 For the financial year ending 31 December 2024 the charity was entitled to exemption from audit under seGtion 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The members have not required the ch2ri1y to obtain an audit of its accounts for the year in question in accordance with section 476: and The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounling records and the preparation of accounts. The financial statements on pages 9 to 23 were approveé by the trustees. and aulhorised for issue on 10 Jun 2025 and signed on their behalf by.. Daniel J Calley Chair Geoffrey S Brooks ACMA Treasurer The notes on pages 12 to 23 form an integral part of these financial statements. Page11
Ulster Architectural Heritage Society Notes to the Financial Statements for the Year Ended 31 December 2024 1 Charity status The charity is limited by guarantee, incorporated in Northern Ireland, and consequently does not have share capital. The address of its registered office is.. 7 College Square North Belfast Antrim BT16AR 2 Accounting policles Accounting policies The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the financial statements. Presentational currency and level of rounding The presentational currency is £ sterling and the level of rounding is to the nearest £. Basis of preparation The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 102), the Companies Act 2006 and UK Generally Accepted Accounting Practice. The charily does not include a cash flow statement on the grounds that it is applwng FRS 102 Section 1A. The financial slatements are prepared on a going concem basis under the historical cost convention, modified to include certain items at fair value. The significant accounting policies applied in the preparation of these finanGial slatements are set out below. These policies have been consistently applied to all years presented unless othèrwise stated. Page 12
Ulster Architectural Heritage Society Notes to the Financial Statements for the Year Ended 31 December 2024 Income recognition All incoming resources are includeis in the Statement of Financial Activities when the charity is legally entitled lo the income and the amoLJnt can be quantified with reasonable accuracy and it is probable that the income will be received. All incoming resources arose wholly in the United Kingdom. For donations to be recognised the Charity will have been notified of the amounls and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully mel or the fulfilment of those condilions is within the control of the charily and it is probable that they will be fulfilled. For legacies, entitlement is Ihe earlier of the charily being notified of an impending distribution or Ihe legacy being received. At this point income is recognised. On occasion legacies will be notified to Ihe harity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed. Investment income is eamed through holding assets for investment purposes such as shares. It includes dividends and interest. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported nel of these costs. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend and rent income is recognised as Ihe charity's right to receive payment is established. Income from government and other grants are recognised at fair value and when the charity has entitlement after any performance conditions have been met, il is probable that the income will be received. and the amount can be measured reliably. If entitlemenl is not met, then these amounts are deferred. Expenditure recognition All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related lo the category. The majority of costs are directly attributable to specific activities. Irrecoverable VAT is charged as an expense against the actlvity for which expenditure arose. Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs and governance costs. They are incurred directly in support of expenditure on the objeGts of the charity. Where support costs cannot be directly attributed to particular headings they have been allocated to expenditure on charitable activities on the basis of the time spent on those activities. Governance costs include those incurred in the goverr)ance of its assets which are associated with conslitutional and statutory requirements. Page 13
Ulster Architectural Heritage Society Notes to the Financial Statements for the Year Ended 31 December 2024 Fund accounting The charily has different types of funds for which il is responsible. and which require separate disclosure. These are as follows: Unrestricted funds. Funds which are expendable at the discretion of the Directors in the furtherance of the objectives of the charity. In addition the funds may be held in order to finance capital investment and working capital. Restricted fijnds. Donations and granls received which are earmarked by the donor or funder for specific purpose. Such purposes are withir) the overall aims of the organisalion. Endowment funds represent those assets which must be held permanently by the charity, principally donatonS, legacies or bequests in excess of £5,000 are, unless prevented under terms thereof, invested. Income arising on the endowment funds can be used in accordance with the objects of the charity and is included as unrestricted incom&. Any capital gains or losses arising on the investments form part of the fund. Investment management charges and legal advice relating to the fund ar8 charged against the fund. Tangible fixed assets Tangible fixed assets are staled at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows- Office equipment - 250/0 Straight line Investments Investments are stated on the balance sheet at market value and all movements, includin9 realised and unrealised gains and losses. are recognised in 'net gains l (losses) on investments. in the Statement of Financial Activities. Realised gains and losses are the aggregate of profils and losses of sales of investment units. Stock of publications Stock is valued at the lower of cost and nel realisable value. Stocks held for less than one year are staled at cost, stocks held between one and two years are stated at 500/0 of cost and slocks held for more than years are stated at 10 % of cost. If in any case net realisable value of any item of stock is lower than valuation, then that item is valued at net realisable value. Debtors Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assels are initially recognised at transaction price including any transaction costs and subsequently measured al amortised cosl determined using the effective interest method, less any impairment losses for bad and doubtful debts. Page 14
Ulster Architectural Heritage Society Notes to the Financial Ststements for the Year Ended 31 December 2024 Creditors Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaclion costs and subsequently meaSUd at amortised cost determined using the effective interest method. Leasing Rentals payable under operating leases are charged againsl income on a straight line basis over the lease term. Taxation The company is a registered charity and is not liable to tax on fvnds generated from activities within the scope of the charilable exemptions. 3 Income from donations and legacies Unrestricted funds General Restricted funds Total funds 2024 Donations and legacies., Donations Grants, including capital grants. Grants Subscriptions 2,454 2,454 44,073 44,073 16,327 16,327 Total for 2024 18,781 44,073 62,854 2023 Donations Grants Subscriptions 2,567 23,423 13,365 6,000 21,500 8,567 44,923 13,365 Total for 2023 39.355 27.500 66,855 Page 15
Ulster Architectural Heritage Society Notes to the Financial Statements for the Year Ended 31 December 2024 4 Income from charitable activities Unrestricted funds General Restricted funds Total funds 2024 Projects Publication Sales Events Consultancy 46,000 46,000 10,257 10,883 4,693 10.257 10.883 4,693 Total for 2024 2023 Projects Publication Sales Events Consultancy 25,833 46.000 71,833 89,368 89,368 9,812 1,823 382 9,812 1,823 382 Total for 2023 12,017 89.368 101,385 S Investment income Unrestricted funds General Total funds 2024 Income from dividends., Divider¢ds from equily investments Interest re1vable and similar income; Interest receivable 7.221 7,221 104 104 Total for 2024 7,325 7,325 Unrestricted funds General Total funds 2023 Income from dividends-, Dividends from equity investments Interest receivable and similar income., Interest receivable 6.547 6,547 165 165 Total for 2023 6,712 6,712 Page 16
Ulster Architectural Heritage Society Notes to the Financial Statements for the Year Ended 31 December 2024 6 Other inGome Unrestricted funds General Total funds 2024 Other incorne Rental income 259 3,000 259 3,000 Total for 2024 3,259 3,259 2023 Other income Rental income 10 2,500 10 2,500 Total for 2023 2,510 2,510 7 Expenditure on charitable activilies UnrestrictedRestricted Funds Funds 2024 2023 Charitable activities 49,238 108,115 157,353 173,933 8 Governance costs 2024 2023 Accountancy fees 2,643 2.403 2.643 2,403 Page 17
Ulster Architectural Heritage Society Notes to the Financial Statements for the Year Ended 31 December 2024 9 Staff costs The aggregate payroll costs were as follows.. 2024 2023 Wages & Salaries Social Security costs Pension contributions 76.112 2,181 1.679 92,674 2.151 79,972 94,82S The average number of employees during the year. calculated on the basis of full-time equivalents, was as follows: 2024 2023 Charitable activilies No employee received emoluments of more than £60,000 during ihe current year (2023-. £Nill. Page 18
Ulster Architectural Heritage Society Notes to the Financial Statements for the Year Ended 31 December 2024 10 Directors. remuneration No director received any remuneration from the company during the current year (2023: £NIL). No director expenses were incurred during the current year {2023.' £NIL) 11 Tangible fixed assets Furniture and equipment Total Cost At 1 January 2024 16,385 16,385 At 31 December 2024 16.385 16,385 Depreciation At 1 January 2024 Charge for the year At 31 December 2024 14,856 1,237 14,856 1,237 16,093 16,093 Net book value At 31 December 2024 292 292 At 31 December 2023 1.529 1.529 Page 19
Ulster Architectural Heritage Society Notes to the Financial Statements for the Year Ended 31 December 2024 12 Fixed asset investments Total Cost At 1 January 2024 Revaluation Additions 211.663 12,376 6.000 At 31 December 2024 230,039 Net book value At 31 December 2024 230,039 At 31 December 2023 211,663 13 Debtors 2024 2023 Trade debtors Prepayments Other debtors 1,636 250 2,200 2.916 750 12.952 4,086 16.618 14 Creditors: amounts falling due within one year 2024 2023 Trade creditors Taxation and social security Other creditors Accruals and deferred income 2,525 1,092 607 4,750 21,980 6,449 24.507 Page 20
Ulster Architectural Heritage Society Notes to the Financial Statements for the Year Ended 31 December 2024 15 Funds Balance at Analysis of fund movements 1 January Income Expenditure 2024 Balance at 31 December 2024 Gainsl (losses) Transfers Unrestricted Funds 63,174 55,198 {49,238) 3.206 72,340 Designated Reserves - plannin9 disputes 6,000 6,000 Total Unrestricted funds 69,174 55,198 {49.2381 3.206 78,340 Restricted funds (details below) Endowment fund 109,675 121,077 90.073 (108,115) 9,170 100,803 121,077 Total restricted funds 230,752 90,073 (108,115) 9,170 221,880 Total funds 299,926 145,271 (157,353) 12,376 300,220 Page 21
Ulster Architectural Heritage Society Notes to the Financial Statements for the Year Ended 31 December 2024 Restricted income funds Balance at 1 January Income Expenditure 2024 Balance at 31 December 2024 Gains I {losses) Transfers Public8tion legacy HARNI reimbursements 109.675 {18,0421 46,000 (46,OQO} 20,000 (20.000) 24,073 (24.0731 90,073 {108,115) 9,170 100,803 Esme Mitchell Core Funding Heritage Angels Awards Total funds 109,675 9,170 100,803 The publication legacy can specifically only be used for publications but is unrestricted to which publication. Income from all sales of publications are attributed to the Society's unrestricted funds. Any capital gain or loss on investments is allocated. as appropriate, to unrestricted fijnds and the restricted publications legacy respectively based on fund valuation at accounting year end. During the year the Society approved expenditure against the publications legacy for costs relating to our 2024 publication, 'Buill to Last, Restoration and Reuse of Buildings at Risk,. The HARNI reimbursements were for an officer who assisled in the Heritage at Risk project including their wages and basic expenses.The aim of this projecl is to record architecturally and historically important buildings that appear to be at risk in Northern Ireland, and act as a catalyst for conservation and re-use of built heritage at risk. A Heritage Projects Development and Planning Officer posilion was supported by the Esme Mitchell fund where the post developed Ulster Architectural Heritage's sustainability by expanding the scope of operations and projects. The Heritage Angels Awards celebrates the achievement of individuals, groups and communities who have helped to rescue, regenerate, research and record built heritage in Northem Ireland. 16 Share capital The charity is a company limited by guarantee and does not have share capital. 17 Related party transactions The Directors, Alastair Rankin and Marcus Patton are both Trustees of Hearth Historic Buildings Trust. As at 31st December 2024. Ulster Architectural Heritage Society was owed £nil {2023.. £nil) from Hearth Historic Buildings Trust for rental income. Rental income received from Hearth Historic Buildings trust was £3.000 (2023.. £2,500). Ulster Architectural Heritage Society also pays rent quarterly to Belfast Natural History and Philosophical Society amounting to £4,000 per annum (2023: £3,000) of which Marcus Patton was also a trustee year. Page 22
Ulster Architectural Heritage Society Notes to the Flnancial Statements for the Year Ended 31 December 2024 18 Analysis of net assets between funds Endowment funds Restricted Unrestricted funds funds Total Fund balances at 31 December 2024 are represented by.. Fixed assets 121,077 96,383 12,871 230,331 47,540 47,540 27,098 22,348 Cash and eurrent investments Other current assels and liabilities {4,750) 121,077 91,633 87,509 300,219 Endowment funds Restricted Unrestricted funds funds Total Fund balances at 31 December 2023 are represented by: Fixed assets 121,077 89,665 20,010 2.451 213,193 58,837 78,847 7,886 7,886 Cash and current investments Other current assels and liabilities 121,077 109,675 69,174 299,926 Page 23