Ulster Grassland &Kiety
Flnanclal statements
For the year ended 31 December 2024
NI Charlty Comm188lon Regl8trntlon No: riIc109131

Ulster Gra881and Soelety Contents
Contents
Page
Contents
Trustees Annual Report
Independent Examiner's report
Statement of Financial Activities
Balance Sheet
Notes to the financial statements
Pagel

Ulster Grassland Society
Statement of Flnanclal Activltles
(Incorporatlng the Income and Expendlture Account)
for the year ended 31 December 2024
2024
Unr•strlcted Re•trlrt•d Total
Income from:
Annual Subscrlptlons
Investment Income
Interest
6,618
8,119
99
6.618
8,119
99
Total Income
1*836
14.837
Expendlture on:
Ch•rftable Actlvltlev.
USG Annual Conference (net)
UGS Sprfng Meetlng (net)
USG Summer Meeting (net)
UGS Autumn Meetlng (net)
Competitlons (net)
UGS Webslte
CAFRE Bursary
Admlnlstratlon Costs
3,008
256
216
291
1,587
683
1.500
3,008
256
216
291
1.587
1,500
Totsl Exp•ndltur•
11373
11373
N•t Income l (Exp•ndlture) for t
Trnnsfers
Other ro¢ognl•¢d qaln• / 1108su):
Galns on revaluatlon of fixed
assets
N•t Incom• b•for• recognl:
galns or loss
2,463
2,464
2,463
2.464
Reconcllljtlon of Fund•
Fund Balances Brought Fo￿a &7
144,988
144,988
Fund Bal•nca• ￿rrf¢d Fon 6-7
147 451
147 451
All Income derlves from contlnulng actlvltles, therefore no statement of recognlsed galns or
1055es Is given.
lots• on pagej 13 to 16 forni an Integrnl part of them flnanclal stataffi
Page 7

Ulstsr Grassland Sodety
Balance Sheet
as at 31 December 2024
Notes
2024
Flxed assets
Tanglble Flxed Assets
Current assets
Investments
Cash at bank & In hand
109,237
147.451
tlet Cuffent Assets
147,451
147 451
Fund•
Unrestrictad Funds
Balantr BIF
Surplus In year
144.988
2,463
Balanc• B/F
147 451
For the year ended 31 December 2024 the chaiity was entltled to exemptlon from audlt under
sectlon 65 of the Charftles Art (Northern Ireland) 2008.
Trustees, responsibllltles:
The members have not requlred the charlty to obtaln an audlt of its accounts for
the year In questlon in accordance wlth sectlon 65; and
The trustees acknowledge thelr responslbllltles for compFylng wlth the requlrements
of the Act wlth respect to accounting records and the preparation of accounts.
The flnanclal statements were approved by the Trustees and slgned on thelr behalf:
Date
Page 8

Ulster Grassland Society
Notes to the Financial Statements
for the year ended 31 December 2024
l. Accountlng Policies
The principal accounting poliaes adoptedi judgements and key sources of estimatic
in the preparation of the financial statements are as follows:
a) Basls of Preparatlon
The financlal statements have been prepared in accordance with Accounting and Ri
Charities: Statement of Recommended Practice applicable to charities preparing thi
accordance with the Financlal Reporting Standard applicable In the UK and Republli
(FRS 102) (effective l January 2019) and the Charities SORP (FRS 102), the Flnan
Standard applicable In the UK and Republlc of Ireland (FRS 102).
Ulster Grassland Society meets the definitlon of a publlc benefit entlty under FRS I
Assets and Ilablllties are initially ￿COgnised at hlstorical cost or transartion value u
stated in the relevant accounting pollcy notes.
b) Preparatlon of the accounts on a golng concern basls
Ulster Grassland Soclety has p￿pared the accounts on a going concern basis. The
balance sheet is strong with strong contlnued support by the members.
c) Income
Income is recognised when the charity has entitlement to the funds, conditions att;
item(s) of income have been met, It Is probable that the income will be received a
can be measured reliably. Income from govemment and other grants, whether'ca
'revenue' grants, Is recognlsed when the charlty has entltlement to the funds, any
conditlons attached to the grants have been met, It is probable that the income wll
and the amount can be measured reliably and Is not deferred.
d) Donated servlces and facllltles
In accordance with the Charities SORP (FRS 102), the general volunteer tlrne of thi
volunteers Is not recognised financially in the Statement of Finanaal Activities.
e) Interest recelvable
Interest on funds held on deposit is Induded when recelvable and the amount can I
rellably by the charlty; thls Is nomially upon notlflcatlon of the Interest paid or pay.
fj Fund Accountlng
Unrestricted funds are available for use at the discretlon of the Trustees
in furtherance of the objectlves of the charlty.
Restrlcted funds are subjected to restn'ctions on their expenditure Imposed by the i
No ￿st￿rtIOnS exist at this time except that funds should be applied to the objects
Page 9