CHARITY REGISTRATION NUMBER: NIC105099 ULSTER-SCOTS LANGUAGE SOCIETY Unaudited Financial Statements 31 December 2021 Chartered accountants 30b MARKET SQUARE DROMORE CO. DOWN BT25 1AW
ULSTER-SCOTS LANGUAGE SOCIErY Flnancial Statements Year ended 31 December 2021 Page Trustees, annual report Report to ulster-scots language society on the unaudited financial infomiation Statement of financial activities Statement of financial position Notes to the financial statements
ULSTER-SCOTS LANGUAGE SOCIErY Trustees, Annual Report Year ended 31 December 2021 The trustees present their report and the unau(tited fina statements of the chatity lor the year 31 December 2021. Reterence and admInIrI d•tslls Relllst•r charity namo ULSTER-SCOTS LANGUAGE SOCIErY Charfty reg18tratlon number NIC105099 Prfnclpal ollk• cjo 79 B8hgT0Ye Avenue Bellagt 8T6 OND Th• tru¥t¢¢s Mr J Erskino Ms S YourvJ Qr P Saunders A sfflh Ms Laura Spen¢e Dr Phillp Roth'nson Mr &lly Cadile Mr John Wright A¢¢ountants JOSEPH MURRAY LIMrrED Chartered accxjunlants 30b MARK SQUARE DROMORE CO. DOWN BT25 1AW Slructur•¥ govmance and mail The organisatlon is an unirthrporated boty wratiNJ as a 8oclgty. The Ulsler-scots Language &Kigty Is r8cogniwJ by HM Revenue & Customs as hawTrJ ¢haritabl• objects lor tax purpo$6s undef ference XN89678. The Sc¢l8ty is governed by a committee al oxh annual oeMral meeting. The otticers ol the goclety are the Chairman. Treasurer and Secretary, who are alo¢hd annualty by th8 Gomrnittee at its Ilrst m9etrng follor the annual 9gner mo0tiTh3. The Socaety Is govemèl by a consllEutlon *)pted on 81h November 2006.
ULSTER-SCOTS LANGUAGE SOCIETY Trustses. Annual Report {rK1 Year ended 31 December 2021 Objectives and octivities The objectives of the Society are to rrd. wofflote. generate recognthon ol and uphold the use of the Uls18r-Scols tongue in present day writirrfJ, &JucatKsn and sF8Ch.' lo eOUrage Interest in traditional UlsteT-&ots literature arKt lo promote Ihe ULster-S¢ols traditb)n in music, danc9, song aThJ ballad. Ourlng the pgriod uNler rgview. the Swety continued ils of publlshlng Ulster.Scots Illeratrjre. Achlev•m•nts and pOrtormC• The Society continued to meet Ils key 08c In ils Operation ar8a In Ilne with ffts straleglc pllqn duriry the last twefve months. FIMn¢tsl r•vl•w The Trustees are salsfied the Soci8Vs perlormance over the year and Fts fInalar wsiilon at the ar end. The Societys year was qulet8r than usual gNen the resumptn of nomal adv$ In lh• aftermath ol the Covld pandoml D8SPrte this, the Trusleo's are plea to anrthn¢e that there was a surplus for the ar amounttng to £1,12012020 . £7,440}. The Tfu8lee8 are also F4eased that th? bdanc8 sheet remalns solvenL Pl•n8 for kntur• wrf¢Jd¥ The &Kiety hopas lo eroage In acyvllles lo augmenl Its Mre luTrJlng In ordgr to addbtlonal monlas to further Its obleclNes. Th6 Irusl888' annud rep(wl was epproved on 23 May 2024 a1 skJned on bghalF ol the board of trust8es ty. M5 Syoung Trustee Mrs A Smyth Trustee
ULSTER-SCOTS LANGUAGE SOCIETY Report to Ulster-scols Language Soclety on the Unaudlted Flnanclal Informaiion of ULSTER-SCOTS LANGUAGE SOCIETY Year ended 31 December 2021 As described on the sta19m•nt of finlat Wstlion. trustees of the charity are responsible lor th preparation ol the financil statsmenls lor the w eTrJed 31 December 2021, which ¢ompriso tho 51alemgnl ol financi actNilies, slalement of finan¢ial pjsilion aThJ the related note8. You con8ldw that th8 ch*ity exompt from an audlt undar the Charibes Act {Northern IreIar) 2Crf)8. In aecordanrk with wur instnjctions we have ts)miyleO these finarthl statements in ord8r to a88i81 you to luLlil your statLrtory responsbilili¢s. from the acc¢yJntiro records from infoTmation aTh explanations suppli&l lo us. JOSEPH MURRAY LIMITED Chartered accountants 30b MARK SQUARE DROMORE CO. DOWN BT25 1AW 23 May 2024
ULSTER-SCOTS LANGUAGE SOCIETY Statement of Financial Activitles Year ended 31 December 2021 2020 unrestriQd Restrict1 funds funds Totsl lunds Total fund8 Incomo ond ondowments Donations and legacies Other tr&Jiry acliwties Total Incomo 129 1,691 8,004 1,032 120 9,036 Expondlturè Expenditure on raising lurKts: Costs ol raising (kjnations aThJ legaci88 Expgndilure on charitable actNitEes Totsl oxp•ndltu 431 269 431 269 488 1,108 1,598 700 Not Income and movomgnt In funds 1,120 7,440 Reconclllatlon ol fund• Total funds broughi lorwwd Tol•l fund¥ rrI lofwaffd 13.5581 13,5581 (4,469} 2.971 4.091 The 5tatgmont ol linanclal acknwb88 Indje$ all gdrts and losses recognised in the year. All incom• and eXporKIUrO derlva from conbnulrKJ activ.
ULSTER-SCOTS LANGUAGE SOCIETY ststemenl of Ftnanclal Posltlon 31 December 2021 2021 2020 Current assets Cash at bank and in harKI 11,905 10,634 Cradltorg: amounts lolling due wilhln on• Not curT•nt as8ets 10 7,663 4,091 4m1 4,091 2,971 2.971 Total 188ot81088 curr•nt Il•blllll•s Net as$8t8 2,971 Funds ol tho ¢h•rtty Reslricled funds Unr88tiicted funds (3) 13.558) 6,529 2.971 Tol•l ¢h•ilty lundi 11 4,091 These flnancial slalements wère 8F4yoved by the board of trustees aTrJ aulhori88d for lssuo on 23 May 2024, and are sne(l on hall of the board by. MrsASm Tnjslee Th• not•s on pageg 6 to 11 lom of finanelal slatemonl&
ULSTER-SCOTS LANGUAGE SOCIETY Notes lo the Financial Statements Year eld 31 December 2021 Stat•m•nl of compli•n These financial statements have been wep&&J in comF4krKe wlth FRS 102, The Flnancial Reporting Standard apF4icable in the UK arKI thg Rewblic of Irdand,. the Statement of Recommended Practice aFylicable to charities tnparing their accounts in a¢¢ordance with the Financi ReFX)rting Starthrd apPle in the UK and Republic of IrdatKI IFRS 1021 (Charities SORP IFRS 1021) arKt the C4wrbes Act INLVthem Irelaryg 2(M)8. countlng pollcl•8 Baal8 of pfeparntion The flnanc1 statements have been epal on histOTKal Gost basis. as mcMlted by th revaluation of certain tinancial assets a1 liabilties arKI investrnent propertl89 m8asured at falr value through Income or exnditre. The finanual statement8 are prepared in 818rting, 1$ th8 fun¢tIon ¢urr•n¢y of tho entity. Golng concom There are no malerfal unCertrS 8bcrt lh8 chartys ablllty to conlinue. Judgements and key 4ouvce8 of eIMatIon uncertalnty The preparalon ol the 11n statements requires managomont to make ]lementS, gslimates and assumptions thal affect the amounts rewrt8d. Thase estimates and judgoments are continually reviewed arKI are based on experience and other lactOTS. indudlng expectations ol future events that are belleved to be reasonabb ur#J8r the drcumstanc88. Fund acc4)untlng Unrèstrklgd funds are avalat4o for usa at dlscretlon of the trustees to further any ot th9 charltys WseS. Desljnaled fvnds are unrnstrkled lurth eamiarked the tru8tees for p8rtbJlar future proiact or eommitment. Restrklod funds ara $ubj•ctod to rèstricbons ¢)n ththr exp8jitUre declared by thg dOr or through the lerms of an apped. and tdl into one of suwasses.. rnstrk10d Income funds or endowment funds.
ULSTER-SCOTS LANGUAGE SOCIETY Notes to the Flnanclal Stalements Year ended 31 December 2021 l kncountlng pollcles (CLV Ineomlng resourc l incoming resources are IrK in the statemerrt of financi acbvitres when entteM9nI has pas$8d to the charity,. it is prob8 that the onoMiC benelits a$s(lated the transaction wll flow to Ihe charty arKI the amount can r•&ably measured. The lolh)VnQ SFeelflc pollciès • aFplied to Particular categories ol I)me. Income from donai6ons or grants L8 rwnlwl vthen there Ls evldence of enthlemenl to tho glft, receipt 18 wobabla and rts amount can bg rnoasur rèliabty. legacy In¢ome Is recognlsed vthen lpt is Wable and entitbmenl is eslthighed. Income from donalèj gocts is measured at the fair value of the goods unless thls Is Impractical to measure reliabty. in whth case the ¥ue is doriv from the cost lo the donor or the estimated resale value. Donated facilities a1 seNces are recognised In the accounts when received il th8 vdu8 can b8 retsa measur. No amounts arg In¢ludgd lor Iho oon1r>u0n of genaral volunteers. Income fiom ¢ontracts for the suth of seryictt is recognised wilh the dglNery of tho conlracted servi¢e. Th1$ 1$ classrfied a8 unrestricted funds unless there Is a contractu requirement lor rt lo bg spenl on a pthcuLar wry>)se and relumed 51 unspenL In vthich cas0 tt may be regarded as leslrkt. Ro>ourco8 expended ExpefKlrturo is rwnisad on an a¢cruals basis as a lsability is incurred. Exwndiiure Ir¢ludos any VAT whi¢h cannot be fulty recovered. arKI is dasSild under he•Jing$ of the Statemenl of financid aCt¢Vit wtiich il rolates: expndilure on ralsing fvrKls irthJ8s th8 Costs ol all lundralslng actth. ev8nts, non- harttthe tradng ac1Mes, aTrJ the sa16 of donated goods. èxperK1ttU on charitthe aclMlia$ lrtlude3 all costs Incurred by a charfty In undertaklry aclNities that further its charita8 m$ lor the benefit ol Sts b8nell¢saries, Including those sUPrt o)sts and costs relatlrvJ to ts govwnanca ol ts Larfty apportloned to chari¢ablo aclivitios. other exper#Jiture IndS all 8xpen(thtUTQ Ihat is nellher related to rdsiTVJ funds for thg ¢harty nor part of ts exFer¥Jilure on charitth activih8S. All cost# aro alocaiod lo expendllure categories TeflrtliNJ fv use ot the resource. Direct attributable lo a sing actmty a all¢xaled direclty lo that xtivity. Shared costs we apwrtloned between Ihe a0tiVeS they conlribute lo on a reasonable. justilkle and consistent basis. Tanglblo ats Tangibte assets are initially rrtorded at cost, and sub5equgnYy 51ated al cost less any accumulated depreciation and impaiTment losses. Any langitle assets carried at revalued amounts are rgcorded at the lair vue at the dale ol revaluatlon 188s any subsequgni a¢¢umuL4ted depreciation and subsequent aixumulabj impawmont losses.
ULSTER-SCOTS LANGUAGE SOCIETY Notes lo the Flnanclal Statements (c Year ended 31 December 2021 l knountlng pollcles Tangible assets An inGrea5e in the wrwro amount of an assat as a resull of a revaluatKn, ts recognis8d In othar re¢ognised gains and losses, unless it reverses a charg8 lor impaimienl that has previousty been reCognisl as exp8n(knire within sttttement of financi acbvibès. A deciease in the carryrYJ am¢)unl ol an asset as a resuft of revdualion, is recogrused in other recognised gn$ arxl h)sses, except to which il offsets any wevlous revaluation gain. in whth cas8 th8 Ios8 is shown wlhln oiher re¢ognised gains and k>sses on the slatement ol finwKial adivili6s. Depreclatlon Deprouation is calculated so as lo write off the cost or ValUan of an asso1, les$ its ro$Jual value, over the uselul economic lrfe ol thal asset as lolk)ws.' EquiF¥n8nl 25% jur0 baLan¢e Impalmwnt of flx¢d aMet• A rewow for indicators of impaimiant Is carrl&J out at each rew)rtirvJ date, wlth tha recoverable amount belng eslimaled whgre such •xi8t. Where the Cang value exceeds the r9COV8rabl8 amount, the asset is impaired accordlngty. Prior Impaiments are also revlewed tor possible reVOts at oach reportiThJ dale. For the purpjses ol imwm6nt testirKJ, when it is not possblg to 8stimate the r8coverab amount ol an 1rKIwu asset, an est5mal8 is made of Ihg recovèrab amount of tha cash- oenerafjng unit lo whlch Ihe asset bebngs. Tha cash-generalino unil is the small8sI Sdentrfiab group ol assels Ihat Indud88 the asset and general8s cash inlk)w8 that lar90ty irtyndent ol the cash inlh)ws from other assets or gTOUPS ol assets. For Impalnnent testing ot w11, Ihe goc#M'II wu11 In a knlnes8 MbInatIOn Is, from the acqui511ion dale, allocated lo each of the eash-generating unSts that are expected lo benefrt from Ihe synergies ol the ComnatIon, Irres of whether othw assets or lith1196 of the chty aro asslgnod to thosè units. F¢nanclal InstrUMts A lIna et or a financlal IIthITty18 re¢ognisod onty charlty bM8$ a party lo the contractual provtslons of the Insbumerrt. Bas finarKial instruments are inltidty recognEed at the amount recelvable or payable Inducting any rolated transaction cosls. Current assets arKI cuNent lithlities are Subsequent measured at the cash or other consideration expeGtgd to be paKI or received arKI not discounted. Debt Instruments aro subse¢wently measured at amorlised cost. Wher6 Investments In shargs are publicly Irad&J OT their Ir value can othemse be measured rellaw. the inv8Stmenl is subsequentty measured at lair vlIe Yh changes in fair vdue recognised in irwme exp*Mliiure. All other suth investments are subsequentty measured al cost less imwTm8rtL
ULSTER-SCOTS LANGUAGE SOCIETY Notes to the Flnanclal Statements (c11) Year ended 31 December 2021 l Accountlng polkles { Finan¢lal Instrumnts {CMIN Other financial instruments, including derp4aiiv8s, are Inibally Teo)gn158d at lair value, unless paymem for an asset is defe•d Lyond nomial bjsiness 18mis or financed al a rate ol interest that is not a market rate, in which cas6 the asset is measured at the present vahJ8 01 the futur paymerrts discounted at a market rate ot interest for a similar dèbt instnjment. Othei finartial Instruments are subs4uontty measurgd al Ir value, wilh any chang95 rèccfvanised in the statement of fi'nancial activibes. with the exception ol hgdgiw instruments in a designaled he&2lng reFalionship. Financial assets that are measuied at eosl or am¢Jli8ed cost are reviewed loy objectNe ewdenca ol ImprM9n1 at thè end of each rewrtiNJ dale. If there is obj'ective evidence ol impairment, an Impairment loss is rwnised under th6 approwlate headiNJ In the stal8menl ol Ilnancial ad'vitles in which the initid gain was rwinised. For all equity Instruments regardless of slgnlfi¢an¢e. 0r ffnandal assets that are irKlividually signlficant, these are assessed iThJivldually lor impalmiant. Oth81 Ilnanc¢al assets we ef(her assessed lThJlvldualty or group&J on the basis of slmllar rlsk ¢haract6rfstk8. Any reversds of impairment ar• rseognised immedialety. lo the exlenl that the reversal does not rgsutt in a Carrying amcHJnt ol the financial asset that exceeds whal tho carrylng amounl wouKI have been had the imparmwrt not previously b1 r¢¢ognlsed. Donatlon8 and1oga¢l•s Umthcted Total Funda Unrestrtciad Total Fundg Fur Fund$ 2020 Donatlon• Donations SubscripOn5 7,835 169 7,835 169 129 8,004 Other tradlng actmtl Unrestri¢ted Totsl Fund$ Unrestricted Total FurKI$ Furwjg Funds 2020 Other activtbes for generatjng furkJs- Sale of Lit6ratur 1,691 1,032 1,032 Costs ot ralglng donallon8 and legockns Unrestricted Totsl Funds Total Funds Furnts Funds 2020 Costs of raising donations and18gaci88 - Productton ol Lliefatura 431 488
uLSTERCoTs LANGUAGE SOCIETY Notes to the Flnanclal Slalements Year ended 31 December 2021 Expendilure on charil*>le acti¥ili8s by fund type Unfestted Total Funds unrestri¢1 Total Funts Funts Fund5 2020 SuFPOrt costs 269 1.108 1,108 7. Eyndlture on ¢harftabl8 actlvtt108 by aellvlty typo Total funds Totsl fund 2020 Governance costs 269 1,108 Tfutha rernunefatlon and axpon8 No ramunwaUon or other benoffts from empk)yment the charlty or a related onllty were received by the truste88 Tanglbl• ftx•d a• Equl)ment Total Cost At 1 January 2tr21 ind 31 D•c•mbor 2tr21 Oepreclallon At 1 January 2021 and 31 December 2021 CaTrylng •mourrt At 31 Decomb•r 221 3,249 &249 3,249 At 31 December 2020 10. Cr•dltor8: •mourf8 tslllng dug wlthln one year 2020 Accruals and deferred Incoma Other creditors- short temi loan from D Rovlinson Other ¢roditors 6,180 6,180 7,663 -10-
ULSTER-SCOTS LANGUAGE SOCIETY Noles to the Flnanclal Stalements Year ended 31 December 2021 11. AnaIlS of charitable lunds Unr8Strlcled lunds At 1 January 202 31 Docember 2021 IrKom8 Expendlture Unr6Stitted Fund. LaThJu4e athancement (7C4)1 7,649 At 31 D•Gombgr 2020 1 January 202 lrtoma Exwdhuro Unr95tr1¢t8d FurKI . Lawuago a(fvancgmenl 19111 11.5961 6,529 funds At 31 Docombor l January 202 Incoma Expenditure Restrkied Fund - Care FuThJlrvJ 13.5581 (3,558) At 31 De¢8mber 2020 1 January 202 IrKomo Expendtture Restr*ted Fund - Core Fundlng 13.5581 13,5581 12. Analy•ls ot net as¥•l• b•lw••n lund• Unrestricled Re8ldct•J Tot•1 Fund• Fun(ts FuThJs 2021 Curr•nl ass81$ Creditors less than 1 11,995 14,3461 7.649 11,995 (7,904) 4,091 13.5581 13.5581 Not assets Unr8StiKted Restricted Total Funds FuThts FurKI8 2020 Current assets Creditors less than l year Net assets 10.634 14,1051 10,634 17.663} 2,971 {3.5581 (3,5581 11