CHARITY REGISTRATION NUMBER: 105099 ULSTER-SCOTS LANGUAGE SOCIETY Unaudited Financial Statements 31 December 2024 HMU Y LIMIT Chartered accountants 30b MARKET SQUARE DROMORE CO. DOWN BT25 1 AW
ULSTER-SCOTS LANGUAGE SOCIETY Flnanclal Statements Year ended 31 December 2024 Page Trustees, annual report Report to ulster-scots language society on the unaudited financial information Statement of financial activities Statement of financial position Notes to the financial statements
ULSTER-SCOTS LANGUAGE SOCIETY Trustees. Annual Report Year ended 31 December 2024 The trustees present their report and the unaudited financial statements of the charty for the year ended 31 December 2024. Referenco and admlnlstraiive detalls Registered charlty name ULSTER-SCOTS LANGUAGE SOCIETY Charity reglstratlon number 105099 Prlnclpal offlce clo 79 Be8chgrove Avenue Belfast BT6 OND The iru3t8es Mr J Ersklne Ms S Young Dr P Saundars Mrs A Smyth Dr Philip Robinson Mr Billy Carlile Mr John Wright Accountants JOSEPH MURRAY LIMITED Chartered accountants 30b MARKET SQUARE DROMORE CO. DOWN BT25 1 AW Slructure? govemance and management The organisation is an unincorporated body op8rating as a society. The Ulster-scols Language Society Is recognlsed by HM Revenue & Customs as havlng charltable objects for tax purposes under reference XN89678. The Society is governed by a committee which is elected at each annual general meeting. The officers of the society are the Chairman, Treasurer and Secretary, who are elected annually by th8 Committee at its first meeting following the annual general meeting. The Society is govgrned by a constitution adopted on 8th November 2006.
ULSTER-SCOTS LANGUAGE SOCIETY Trustees. Annual Report {contlnuedJ Year ended 31 December 2024 Objecllves and activities The objectives of the Society are to record. promote, generate recognition of and uphold the use of the Ulster-scots tongue in present day writing, education and speech,. to encourage interest in traditional Ulster-scots literature and to promote the Ulster-scots tradition in music, dance. song and ballad. During the period under review, the Society continued its activits'es of publishing Ulster-scots literature. Achlevements and pertormance The Society continued to meet its key objectives in Its operational ar8a in line with its strategic plan during the last twelve months. Flnanclal revlew The Trust88s are satisfied with the Society's performance over the year and its flnancial position at the year end. The Society had a similar year to the previous one in terms of activities. Income increased by £213 to £1,232 { 1,019 in 2023) and expenses decreased by £767 to £94211,709 in 2023)resulting in a small surplus of £290 {2023 - deficit £690). Plans tor future p•rlodg The Soclety hopes to engage in activities to augment its Core funding in order to provide additional monies to further its objectives. The trustees, annual report was approved on 31 December 2025 and signed on behalf of the board of trustees by: Ms S Young Trustee Mrs A Srnyih Trustae
ULSTER-SCOTS LANGUAGE SOCIETY Report to Ulster-scols Language Society on the Unaudited Financial Information ol ULSTER-SCOTS LANGUAGE SOCIETY Year ended 31 December 2024 As described on the statement of financial position, the trustees of the charity are responsible for the preparation of the financial statements for the year ended 31 December 2024. which comprise the statement of financial activities, statement of financial position and the related notes. You consider that the charity is exempt from an audit under the Charities Act (Northern Ireland) 2008. In accordance with your instructions we have compiled these financial staiements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from Information and explanations supplied to us. JOSEPH MURRAY LIMITED Chartered accountants 30b MARKET SQUARE DROMOFIE CO. DOWN BT25 1 AW 31 December 2025
ULSTER-SCOTS LANGUAGE SOCIETY Statement of Flnanclal Activities Year ended 31 December 2024 2024 Restricted funds Total funds Total funds 2023 Unrestricted funds Note Income and endowments Donations and legacies Other Irading activities Totsi Income 396 836 156 863 836 1,232 1,232 1,019 Expendltur8 Expenditure on raising funds: Costs of raising donations and legacies Expenditure on charitable activities Total expendltur8 682 260 1,004 705 260 942 942 1,709 Net Incomel{expendlture) and not rnovemont In funds 290 290 {690} Reconclllalion of funds Total funds brought forward Tolal funds carrled tOard 7,497 7,787 (3,558) (3,558) 3,939 4,229 4,629 3,939 The statement of financial activitles Includes all gains and losses recognlsed In the year. All income and expenditure derive from continuing actlvities. The notes on pages 6 to 11 forni part of these financlal slalernents.
ULSTER-SCOTS LANGUAGE SOCIETY Statemenl of Financial Position 31 December 2024 2024 2023 Note Current assels Cash at bank and in hand 12,612 12,323 Credllors: amounts falling due wlthln one year Nat currenl assets 10 8,383 8,384 3.939 4.229 4,229 4,229 Toial assels less current Ilabllities 3,939 3,939 Nei assets Funds of Ihe charlty Restricted funds Unrestricted funds (3,558) 7.787 4,229 (3,558) 7,497 Total charlty funds 11 3,939 These linancial statements were approved by the board of trustees and authoris8d for Issue on 31 Dec8mber 2025, and are signed on behalf of the board by: Mrs A sMh Trustee The nolos on pages 6 to 11 form part ot these linanclal staloments.
ULSTER-SCOTS LANGUAGE SOCIETY Notes to the Financial Ststements Year ended 31 December 2024 Staternent of compllance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in Ihe UK and the Republic of Ireland,, the 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 (FRS 102) (Charities SORP (FRS 102)) and the Charities Act (Northern Ireland) 2008. Accounting pollcies Basis of preparatlon The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through Income or expendlture. The flnancial statements are prepared In sterling, which is the functlonal currency of th6 entity. Golng concern There are no material uncertainties about the charitys ability to continu&. Judgements and key source8 01 e8ilmatlon uncertalnty The preparation of the flnancial statements requires management to make judgements, estlmates and assumptions thal aflecl the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the clrcumstances. Fund accountlng Unrestricted funds are available for use at the discretlon of the trustees to further any of the Gharity's purposes. Designaled funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of sub-classes: restrlcted income funds or endowment funds.
ULSTER-SCOTS LANGUAGE SOCIETY Notes to the Financial Statements (contlnued) Year ended 31 December 2024 Accountlng pollcles (Contlnued) Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity. it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income- income from donations or grants is recognised when thare is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entltlement Ss established. Income from donated goods Is measured at the fair valuo of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and servlc6s are recognised in the accounts when received if the value can be reliably measured. No amounts are Included for th8 contribution of g&n8ral volunteers. Income from contracts for the supply of services is recognised with the delivery of the contracted service. This is ¢lasstfi8d as unrestricted funds unless there Is a contraclual requirement for it to be spent on a particular purpose and returned if unspent, In which case It may ba regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is Classified under headings of the statement of flnancial activities to which it relates: expenditure on raising funds includes the costs of all fundraising actlvitles, events, non- charitable trading activities, and the sale of donated goods. expendltura on charitable activities includes all costs incurred by a chariiy in undertaking activities that further its charitable aims for Ihe benefit of Its beneficiaries, including those support costs and costs relating io the govemance of the charity apportioned to charilable activlties. other expendtture Includes all expendlture that is neither relaled to raSsing funds lor the charity nor part of its expenditure on charitable activities. AII cosls are allocated to expendlture categories reflectlng the Ljse of the resource. Direct costs attributable to a single activity are allocated directly to that aclivity. Shared costs are apportioned b8tween the activities they contribute lo on a reasonable, justlflable and consistent basls. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulatgd impairment losses.
ULSTER-SCOTS LANGUAGE SOCIETY Notes to the Flnanclal Statements (contlnued) Year ended 31 December 2024 Accountlng pollcles (¢ontlnued) Tanglble assels {¢onllnuod) An increase in the carying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as exponditura within Ihe stalement of financial activities. A decrease in the carrying amount of an asset as a resull of revaluation. is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreclatlon Depreciation is calculated so as to write off the cost or valuation of an asset, less its resldual value, over the useful economic life of that asset as follows: Equipment 250/9 reducing balance Impalrmgnt of flxed assets A revlew for indicators of impairment Is carried out at each reporting date, With the recoverable amount being estimated wher8 such indicators exist. Where the carrying value exceeds the recov8rable amount, the asset is impaired accordingly. Prlor impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to 6stlmate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash- generating unit to which Ihe asset belongs, The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impalrment testing of goodwill, the goodwill acquired In a business comblnation is, trom the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. Flnanclal Instruments A financial asset or a flnancial liability Is recognised only when the charfiy becomes a paty to the contractual provisions of the instrument. Baslc financial Instruments are Inlllally recognlsed at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment Is subsequentty measured at fair value wilh changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
ULSTER-SCOTS LANGUAGE SOCIETY Notes to the Financial Stslements {conllnued) Year ended 31 December 2024 Accounting pollcles {contlnu8d) Flnancial instruments {contlnued) Other financial instruments, including derivatives, are initially recognised at fair value, unless paymenl for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a simllar debt instrument. Other financial instruments are subsequently measured at fair value, with any chang8S recognised in the statemgnt of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financlal assets that are measured at cost or amortised cost are reviewed for objective evldence of Impairment at the end of each reportlng dale. If there is oblectlve evidence of impairment, an impairment loss is recognised under the approprlate heading in the Statement of financial actlvltles In which the initial gain was recognised. For all equlty instruments regardless of significance, and other financlal assets that are individually significant, these are assessed Individually for impairment. Other financial assets are elther assessed individually or grouped on the basis of similar credlt risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Donatlons and legacle8 Unrestricted Total Funds Unresirlcled Total Funds Funds 2024 Funds 2023 l>onatlons Donalions Subscriptlons 296 100 296 100 66 90 66 90 398 396 156 158 Other tradlng a¢tlvltle8 Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Other activities for generating funds - Sale of Literature 836 836 863 863 Costs of ralslng donatlon8 and legacles Unrestricted Total Funds Unreslricted Total Funds Funds 2024 Funds 2023 Costs of raising donations and legacies Production of Literature 682 1,004 1,004
ULSTER-SCOTS LANGUAGE SOCIETY Notes to the Flnancial Stalements (eontinued) Year ended 31 December 2024 Expenditure on charllable activities by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Support costs 260 260 705 705 Expenditur8 on charltable activities by aclivity typ8 Total funds 2024 Total fund 2023 Support costs Governance costs 260 260 705 Trusiea remuneratlon and 8xpenseg No remuneration or other benefits from employment with the charty or a related entity were received by the trustees Tanglble flxed assets Equipmenl Total Cost Al 1 January 2024 and 31 Docembar 2024 Depreclatlon At 1 January 2024 and 31 December 2024 Carrylng amount At 31 Dacomber 2024 3,249 3,249 3,249 3,249 At 31 December 2023 10. Credltors: amounts falllng due wllhln one year 2024 2023 Accruals and deferred income Other creditors - short term loan from D Rowlinson Other creditors 2,160 2,160 6,180 8,383 6,180 8,384 10-
ULSTER-SCOTS LANGUAGE SOCIETY Notes to the Financial Statements (contlnued) Year ended 31 December 2024 11. Analysls of charitable funds Unrestricted funds At 1 January 202 At 31 December 2024 Incomg Exp8nditure Unrestricted Fund - Language advancement 7,497 1,232 (942) 7,787 At 1 January 202 At 31 December 2023 Income Expenditure Unrestricted Fund - Languag8 advancement 8,187 1,019 (1,709) 7,497 Restrlcted funds At 1 January 202 At 31 December 2024 Income Expenditure Restricted Fund - Core Funding (3,558) (3,558) At 1 January 202 At 31 December 2023 Income Exp8ndlture Restrlcted Fund - Core Fundlng (3,558) (3,5581 12. Analyslg Ot net a888ls between lund8 Unrestrlcted Funds Restricted Total Funds Funds 2024 Current assets Creditors less than 1 year Nei assots 12,612 {4,825> 7,787 12,612 (8,383) 4,229 (3,558) (3,558) Unrestricted Funds Restricted Total Funds Funds 2023 Current assets Credilors less than 1 year Not assets 12,323 (4,826) 7,497 12,323 (8,384) 3,939 {3,558) (3,558) 11