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ULSTER GARDEN VILLAGES LIMITED

Northern Ireland charity NIC101248 · record on the register of charities in Northern Ireland (CCNI) · accounts PDF · all Northern Ireland charities

Latest income
£2.5m
Latest spending
—
Accounts read
FY2024

Website: www.ugv.org.uk

Financial health, per FY2024 accounts

The accounts state that the charity maintains a strong financial position with total net assets of £54,662,805 and unrestricted reserves of £54,660,439. Per the trustees' report, the charity has a positive net movement of funds of £445,814 for the year, supported by significant investment gains and steady rental income. The trustees consider reserves adequate to meet future commitments, despite ongoing litigation regarding structural issues at Victoria Square properties.

What the accounts disclose

Highest-paid employee band: £60,001 - £70,000
“During the year one employee received remuneration of between £60,000 and £70,000 (2023: None).”
Per FY2024 accounts as filed with CCNI.
Payments to trustees: One Committee Member received remuneration or expenses in the year £309
“One Committee Member received remuneration or expenses in the year £309 (2023: None).” — page 28
Per FY2024 accounts as filed with CCNI.
Related-party transaction: Balance due from The Somme Association
“At the year end there was a balance of £150,000 (2023: £150,000) due from The Somme Association. The charity and The Somme Association have a Committee Member in common.” — page 27
Per FY2024 accounts as filed with CCNI.
Related-party transaction: Balance due from Hearth Historic Buildings Trust
“At the year end there was a balance of £150,000 (2023: £150,000) due from The Somme Association. The charity and The Somme Association have a Committee Member in common.” — page 27
Per FY2024 accounts as filed with CCNI.
Employees paid over £60,000: 1
“During the year one employee received remuneration of between £60,000 and £70,000 (2023: None).”
Per FY2024 accounts as filed with CCNI.
Reserves policy: unclear (held: £54.7m)
“The Committee of Management regularly monitors the level of reserves, having regard to the risk management review, and currently considers reserves to be adequate to meet the needs of the Charity.” — page 11
Per FY2024 accounts as filed with CCNI.
Independent examiner: Sumer Auditco NI Limited
Per FY2024 accounts as filed with CCNI.
Register data and accounts from the Charity Commission for Northern Ireland, used under the Open Government Licence. Automated analysis; the filed accounts are authoritative.