The Scotch-Irish Trust of Ulster
Trustees, report for the year ended 31 March 2023
The Ti'ustees pi'esent their repoi't and tlie audited financial slateinenls of the Ti'iist for the yeai. ended 31 Mai'cli 2023.
The Ti'ustees have adopted tlie provisions of the Stateinenl of Reconiii)ended Pi'actice {SORP - FRS 102) 'Accouiiting
aiid Reporting by Chai'itie5" in prepai'ing the aiinual I'eport and financial stateinents of tlie chai'ity.
Structure, Governance and Management
The Scotcli-li'ish Ti'LlSt of Ulster was set lip by a Scheine of Incoi'poralion iindei. Sectioi) l O of the Chai'ities Act
(Nortliern li-eland) 1964, dated 20 August 1969 and continues to woi'k in accoi'dance witli the Declai'ation of Ti-ust
which is the govei-Iiii)g docuiment. The Triislees took I'esponsibility for the Inanageineiit of The Mellon Centi'e for
Migi-alion Stiidies (MCMS) witl) effect froin l April 1998. The chai'ily was registei'ed witli The Cliai'ily Coiiiinission
for Northern Ii'eland on 4th Febi-liai'y 2016 (charity nuinber 103343). The Inain addre55 for the Ti'ust is The Ulstei-
Ainei-ican Folk Park, 2 Mellon Road, Oinagh, BT78 5QU.
Trustees
The Trustees who served diii'ing the yeai. are..
Mr John Gilimoui. (Chaii'inan)
Mr Michael Beattie
Daine Geraldine Keegan
Professor FJ Sinith
Mi. David Mooi'e
Mi. Alan McFarland
Mi. Gei-ai-d Broderick JP MBE
Di- Philip Mowat
Recruitment and appoiiitment of Trustees
The recriiitment of new Ti'ustees is condiicled in accoi'dance with the tsoverning docuiiient- the Declai'ation of Ti'ust.
Iiiduction aiid ti'aining as I'equii'ed, is cai'i'ied oiit by the Chaii'inai) and one oihei. expei'ieiiced Trustee. New Ti'ustee
appoiiitinents al-e based oli a Skill's Aiidit, designed lo highlight ciii'rent gaps in manageinent expei'tise and acadeinic
specialisins, which ideally need lo be filled.
Oi'ganisatioiial Structure
The cliarity is Inanaged by the Ti'iislees who meet thi'oughoiit the yeai. to oversee all operational Inattei's i-elating to the
Ti'ust and the woi'k of the Mellon Ceiitre for Mitsralioli Studies. All decisions al-e Inade by tlie Ti-LlStees in accordance
witl) the Declaration of Ti'iist.
Fi'oin ils inception, the Ti'u5t has endeavored to Ineet the Charity Coininissioii reqiiii'einent to operate in the intei'ests of
piiblic beiiefit, by pi'oviding visitoi- and ediication pi-ogi'ainines. Iniiseiiiii and conservation pi'ojecls. aiid library,
inforinalion and ai'chive sei'vices.
Tlie Mellon Centi'e foi. Migi'ation Studies (MCMS) is now the iiiain uiidei'lakiiig of the Tiiist, which it oovei'i)s and
fliiids. To fuitliei. its aiins, it is suppoited by an Advisoiy Coininittee of MCMS, whose pi'iinai'y purposes al'e to..
Advise the Ti'ust on the policy and strategic dii'eclion of the Centi'e
Support aiid cliallenge the Dii'ectoi. and Centre colleagiies in the delivei'y of the Ti'usl's goals and objectives
Ei)sure tliat the Centre opei'ates in an efficient and effective Inanner.
The Chaii'inan of the TrLlSt CLlI'I'ently chaii's the ii)eetiiigs of the Coininittee. In additioii, nieinbei'sliip coinpi'ises the
MCMS Dii'ector, thi'ee Ti'iistees, one co-opted Ineinbei. and one I'epi'esenlalive fi'oin each of the paitiieiship bodies.
incliiding Librai'ies Nl, PRONJ and the Queen's Univei'sity of Belfast, wliich collaboi'ate witli aiid suppoit the woi'k of
MCMS. Meinbei's CLlI'rently total I I, biit iiuinbers Inay flucliiate accoi'ding to changiiig prioi'ilies and new pi-ogi'ainiiie
iiiitiatives.

The Scotch-Irish Trust of Ulster
Trustees, report for the year ended 31 March 2023 (continued)
Suminary of Pui'poses
When fii-st established, the priillary purpose of the Trust was 'the eiicouraiseinent of research into the study of tlie
hisloiy and ciiltiii-e of the people of Noi'tliei'n Ii'eland and in paiticulai- those known (in tlie USA) as tlie Scotch Ii'ish and
tlie links of that history and culture with tliose of other counti'ies, and the advanceinent of the knowledge of the public
in those subjeels., {DcJclcii'alin17 of Ti'Lis'i 1967) Ovei- the years the reinit of the Trust has broadened to focus on the
pi'ocess and inipacl of hisloi'ic Inigi'ation both into and out of Ireland and the global iinpact of the Ii'ish Diaspora.
The Trust's purposes also incliide the provision of scliolai'ships, biirsaries and grants for the I'eseai'cli and study of
ii)igi'alion and foi. the publication of books, treatises and acadeinic papei's. It Inay also acquire, I'estoi'e, pi'esei've and
Inaintain for the piiblic benefit, biiildiiigs and lands wliich Iiave 'an Iiistoric associatioii wilh the liistoi'y and ciiltiire of
the people of Norlhei'ii Ireland. oi. whicl) have a historic associalioii with the cultui'e of the people of Norlhei'n Ii'elaiid in
other pai'ls of the world., (Declcii'alion of Ti'1131 1967).
Coinpliance witli the above enabled the Ti'ust to sel up the Ulster Amei'ican Folk Park and ¢0 develop aiid Inaiiage it foi.
over 20 years and froin 1998 oiiwai'ds to establish, uovern aiid fund tlie Mellon Centre for Migration Studies (MCMS)
which proinotes i-esearch, teaching aiid Pliblicatioi) of the pi'ocess of Migration.
The Mellon Centi'e for Migration Studies. (MCMS).
MCMS is housed in a Inodern Reseai'ch Librai'y, open to the public, wliich was origii)ally biiilt, equipped, and stocked
by the Triisl. In pai'lnership witli Libraries Nl, Ilie Ti'ustlMCMS pi'ovides research, librai'y and infoi'ination sei'vice lo
tlie genei'al public diii'ing noi'iiial libi'ai'y and Iniiseiiin opening houi's. Usei's liave the beiiefit of fl'ee access to a
specialist Migi'alion History Libi'ary and an Irish Einigration Database and, by appoiiitinenl the expei-l services of
Libi'ai'y and Acadeinic Staff. The benefits al'e deinonsli'ated thi'oiigh i-aised awai-eness and increased knowledge of
Migi'alion, Irish Ainerican history and ciiliure, aiid genealogy.
Wliiil ive flo.
The MCMS vi5ioii is of 'an iiiformed cominunity, confidently aiid ci'ealively engaged witli its Inigralion histoi'y, culiui'e
and hei'itage, aiid its missioii is 'lo sei'v¢ the coininunity as a leading inlernalional institution for Ilie study of Iiiiman
Inigi'alioii, focusints 011 the peoples of Ii'elaiid world-wide, With funding siippoi'l fron) Ilie Norihei'n li'eland Assembly,
through the Depai'tnient foi. Coinimunities (Dfc), the Centre woi'ks in pai-tnei'ship with other Dfc-fiinded agencies
(pai'ticulai'ly tlie Ulstei-_Ainei-ican Folk Pai'klNMNI, Libi'aries Nl, aiid PRONI} to iinpleinei)t tl)e 'Coimmunity
Coliesion, sli'ategic pi'ioi'ities of 'bringiIig divided coiniiiunilies togetliei
'tacklii)g disadvantage ai)d pi'oinolii)g
equality of oppoi'tunity, aiid 'iiiaxiinising public benefits fi'oin tlie cultLlI'e, ai'ts and leisui-e secloi's,.
Wlio (Ire oiii. iisers?
A significant nuinbei. of the visitoi-s to MCMS al'e also visitoi's to the Ulster-Aiiiei'ican Folk Pai'k. Abolit 50 7 of the
users coine fi'oiii Norili Ainei'ica, Bi'itain, Austi'alia and New Zealand, with Inost of the othei- half coiniiig froin Ii'elaiid,
iioitl) and soiith, and about 20/0 coining froiii other pai'ls of Eiirope and the l-est of the world. Tlie global pattei'n of iisers
of the Centre's online I'esoui'ces is siinilai..
The local iisei's of oiii. facilities include I'esearch scholai's, teachers and leclurei's, tliii-d level stlidents, school piipils.
authoi's and fainily histoi'ians.

The Scotch-Irish Trust of Ulster
Trustees, report for the year ended 31 March 2023
MCMS Progralnme highliglits 2022-23
Following the thi'ee cl)allengii)g ai)d disi-uptive yeai's of Covid, the Cenlre's piiblic sei'vices aiid research Ilecliii'e
progi'ains have retui'ned to iieai. noi'inality. Tlie Iiiglilights of tliis I'epoiting yeai. were as follows..
l.The biennial Ulstei. Atnet'ieAn Heritage Symposium was l)eld iii Julie 2022, at the East Teiinessee Slate University,
li) Johiison City. The leclLlI'es and seininai-s wei'e chaii'ed in pei'son by Di. Liai)I Caini)bell, the Dii'ector of tl)e Centre aiid
acadeimic papei's wei'e pi-esenled onliiie by MCMS Colleagues and cui'atoi-ial staff fi'oin the Ulstei. Ainei'ican Folk Park.
Tlie confei'eiice papei's will be published and cii'culated in tlie iieai- future.
2.Striile Shared Cam pus, Omagh. Tlie Dii'ectoi- aI)d staff of MCMS coiitiiiue to work with priiicipals, govei'iiors and
local secondary school students in the developineiil of the concept of iii igi'ation and its practical applicatioii in
conteinpoi'ai-y society.
3. Pai'liiei-ship pi'ogi'an)nie with PRONI 42nd the Nerve Centi'e- CollabArcl)ive which enables coiiteinpoi'ai'y Inigi-anls
lo exploi'e 19111 ce21tui'y emitsi'aiit lettei's, making compai'isons with Iheii. own lives and expei'iences and subsequently
writing Iheii. owii lettei's and Inakiiits
podcasts.
4.Tivisted Root Course- faimily hisloi'y and heritage in the forin of a book club I'un ovei. five weeks in conjunctioii
with the Good Relatioiis Unit of FODC.
5. Public History QUB- iiitei'nship pi'ograiniiie delivei'ed by MCMS, attracting Ainerican students, clllininaling in a
postei. pi'esenlation the Great Hall.
6. Local studies coui'se on tlie Strule River Valley in parlnei'ship with the Ulster Historical Foundation. Well attended
by a local audience and was Inost helpfiil iii building up strong coininiinity eiigagemenl with MCMS.
7.Loughs Ageney - MCMS delivei'ed l O worksliops on the theiiie of niigi'ation, bi'idges, and I'oiiles.
8. On Line eoiifereneeslsem inxrs- alidiences foi- oiii. aniiiial coiifei'ei)ces have continiied to expand, largely due to
oiiline technology developed diii'ing Covid. The Autuinn School on 15, October 2022 on a local hei'ilage theine,
pi'esented in pai'lnership with PRONJ, Libi'ariesNI and FODC atti'acted overl 50 people as did Di. Williai)i Roulston's
People and Land in Northwest Ulslei-, in Febi-liai'y 2023.
MCMS staff Continue to woi'k with coininiinity and local history
I'OUP5, right across the pi'ovince to deliver lectui'es
aiid woi'kshops, as well as dealing with the daily I'eseai-ch and infoi'ination needs ora divei'se I'aiige of usei's, including
intei'natioiial toui'isls, academic scholars, and local schoolcliildi'eii.
The Scotch li'ish Trust as the govei'ning body of the Mellon Centt-e for Migi'ation Stlidies, reinains COiT]mitted to
Inaintaining the cui'i'eiit levels of I'esource fuiiding for its operation, in pai'tnei'ship with the Depai'lineiit of
Coininunities. It also gi'eatly valiies the Slipporl of Libi'ariesNI, in pi-oviding the specialist libi-ai'y and infoi'ination
sei'vices to its usei's.
Fiiianelal I'evieiv - Aiinual accounts 2022-23
Results
The slateinent of financial activities foi. the year 15 Set out on patse l O of the fiiiancial stateinents.
The total net incoi)iing resoui'ces of the Ti'ust foi. the yeai- befoi'e gains on the revaliiation of iiivesti))enls wei'e £26,472
(2022.. £74,136). Tl)e Ti'ust has total assets of £3,204,870 at the yeai. end as coinpared with lolal assets of £3,310,369 al
the end of 2022.

The Scotch-Irish Trust of Ulster
Triistees, report for the year ended 31 March 2023 (continued)
The Trust Inaintains a poi'tfolio of inveslinenls which is Inanaged by the Triislees in conjunctioii with quai'tei'ly review5
which are cai'i'ied out by advisors, Evelyii Parliiei's. Diiring the year to 31 Mai-ch 2023 these investinents genei'ated
£109,082 of incoime foi. the Ti'ust. Othei. 50u1.ces of ii)¢oine iii¢luded'. Rental incoiiie fi'om lands held aiid I'eiited to the
National Miiseiiiiis Nl (£24,000)- Gi'aiit receipt5 fi'oiii Deparlii)eiit foi. Coini)iunilies {£62,000)' and othei. incoine froin
Lectui'es and other incoine (£13,557).
The lolal expenses foi. the yeai. ainounted to £182,244. The Inaiii costs I'elated to staff salai'ies aiid peiisions lolaling
£128,450. "rhe einployees al'e involved in the delivei'y of tlie Ti'ust's objectives and al'e involved with Inanaging the
I'esearcli, teachin(J and stiidy of Inigi'ation. A breakdown of all the expenses is Set oiit iii Note 7 to the accoiints.
The Iiet assets of the Trust at 31 Mai'ch 2023 ainounted lo £3,204,870 {2022- £),310,369). The n)ain I'eason foi. the
deci-ease iii the yeai. I'elated to tl)e unrealised losses on the Inai-ket value of tlie investinents.
Reserve policy
The Trust has free resei'ves (that IS UT)I'estricted funds) of £3,066,731 as at 31 Mai'ch 2023. Deducting tlie fixed assets
of £2,932,239, the Ti'ust lias ' liquid, net assets of £134,492. This represents 1.12 yeai's of Lini'esli-icted expeiiditui'e.
The Trustees believe Il)at due to the volatile natui'e of Ilie investinent Inarket, and the future plans to further develop
The Mellon Ceiiti'e foi. Migi'ation Studies, this level of free resei'ves is necessary.
The Mellon Hoimeslead at Cainpliill Flind (I'esti'icted fiiiids) I'epresents Inonies received fi'oin the Irisli Ainerican
Parliiership that can only be utilised foi- the iipkeep aiid repaii. of tlie Mellon Hoiiiestead. The fund balance is incliided
withill Ilie cash I'esources of the Trust. (Note 17)
Iiivestni ent policy
The Trust lias eiiuaged Evelyii Pai'lnei's as iiivestinent iiianagei-s to pui'siie a policy of Inaxiii)ising incoine whilst
Inaintainiiig soine capital gi'owth. The Ti'iistees l)ave the powei- to iiivest ill 5ucli assets as they see fit. The Chairman is
I'esponsible foi. liaising with tlie investn)ent Inanagei-s and repoi'ting to tlie Trustees at each Ti'ustee's Ineeting. The
investinent perforinance for 22123 yielded investinent incoine of £109,082. This is in line with Ilie objective of
achieviiig a i'etiii'ii of between 5-8010.
TA Yation
The Ti'usl is a regislei'ed chai'ity, and as such is entitled to cerlaiii lax exeinptioiis on incoine and pi-ofits fi'oin
inveslinents, and sui'pllises oli aiiy ti'adiiig activities cai'ried on in fiii'thei'aiice of tlie Ti'ust's pi'iiiiary objectives if these
profits and surpluses are applied solely foi. chai'ilable piirposes.
Ris1£ Managenient
Tlie Trustees are aware of tlieii. i'esponsibilities to i'etslilai'ly I'eview the Inajoi. I'isks to which tlie cliai-ity is exposed. Tl)e
aiiii of such a review is lo iinpleinent a Inanageinent sti'ategy, whicli con)pi-ises:

The Scotch-Irish Trust of Ulster
Trustees, report for the year ended 31 March 2023 (continued)
an ongoing I'eview of the risk5 which the charity Imay face.
the eslablishinent of systeins and pi'ocedui'es to Im itigate tliose I'isks identified in the review.
the iinpleii)enlation of pi-ocedui-es designed to Ininiin ise the iinpact on tlie chai'ity should any of the I'isks
Imalerialise.
Public benefit statement
In setting oiir objectives and planning oiir activities for the year 11)e ti'ustees have given cai'eful considei'ation lo the
Charity Coinim ission foi. Noriliern Ii-eland's giiidance on public bei)efit to eiisiire that the activities have helped lo
achieve the cliarity's piirposes and pi'ovide a benefit to the beneficiarie5.
Statement of Triistees, responsibilities
The Ti'iislee5 al'e re5poiisible for preparing the Ti'ustees, Repoi'l and the financial stateinents in accoi-dance with
applicable law and United Kingdo1￿ Accounting Standards (United Kingdoin Genei'ally Accepted Accouiitiiig
Pi-actice).
The law applicable to chai-ities iii Noithei'n Ii'eland requii'es the trustees lo prepai'e financial stateIneiits foi- each
financial yeai. whicli give a ti'iie and fail. vieiv of tlie state of affairs of the chai-ity and of the incoining I'esources ai)d
application of I'esoui'ces of the cliai'ity for that pei'iod. In prepai'ing these financial staleinents, the Ti'ustees are
requii'ed to=
select siiitable accoiintiiig policie5 aiid thei) apply Il)ein consistently.
observe the Inethods alid pi'inciples in Ilie Chai'itie5 SORP;
make judginents and estiinates that al-e I'easonable and prudent.
slate whether applicable accoui)tintr staiidai'ds have been followed, siibject to ai)y Inalei'ial departui-es
disclosed and explained iii the fiiiancial stateineiit5'
pi'epai'e the financial stateinents on the goiiig concei'i) basis unless it is inappropriate to presuine that the
charity will continue in business.
Tlie Ti'uslees are responsible foi. keeping pi'oper accoiinting i-ecoi'ds that disclose witli I'easoiiable acciii'acy at aiiy tiime
the finaiicial position of the chai'ity and enable Iliein to eiisiii'e that the finaiicial statei))eiits coinply witli the Cl)ai'ilies
(Norlliei'i) Ii'eland) Ordei. 1987, as aiiiended by Ilie Chai-ities Act 2006, tlie Charity (Accoiiiils aiid Reports)
Regulations 2008 and the pi'ovisions of the Ii-LlSt deed. Tliey al'e also i'espoiisible foi. safegiiai'ding the assets of tlie
cliai'ity and heiice foi. taking reasonable steps for the pi-eveiition and detection of fraud and othei. irregularities.
Statement of disclosure of information to auditors
So far as each of the Trustees in office at the date of appi'oval of tliese financial slaleiments is aware..
thei'e is no relevant aiidil iiifoi'inalion of which tlie Ti'iist's auditOl-5 al'e uiiawai'e; aiid
as Trustees, Iliey liave taken all the necessary steps lo Inake Iheiiiselves awai'e of any I'elevaiit aiidil infoi'iiiatioi)
and to establish that the Ti'iist's aiiditors are awai'e of that iiiforinatioii.
By oi'dei. of tlie Ti'ustees
olin A Giliiio
Chaii'inaii
Dated: 5 Jaiiuary 2024