THE AISLING PROJECT FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023
CONTENTS Page Comp8ny Information Trustees Report 24 Independent Examiners Report Dlreclor8 Report Profll and Loss AUnt Balance Sheet Notes to financial 8tal8ments Income & Expendlture stalemenl 10
THE AISLING PROJECT COMPANY INFORMATION DIRECTORS John Mulvihill Aonghus Fitzgibbon Ann Woulfe COMPANY NUMBER 4111213 REGISTERED OFFICE Unit 4.2, Fourth Floor 356 Holloway Road, London. N7 6PA ACCOUNTANTS Cunningham & Co 1st Floor, 135 Notting Hill Gate London, W11 3LB
The Aisllng Proioct Règlstered charity numbor 1084971 Trustees report The trustees are pleas8d lo present the annual report and audited financial statements for the year ended 301h Nov8mber 2023 Rgforence and Admlnl8tratlon Informatlon Trusleo8 John Mulvihill Ann Woulfe Aonghus Fitzgibbon Prlnclpal offi Unit 4.2. Fourth Floor, 356 Holloway Road, London, N7 6PA Company Numb•r 4111213 Indopgndont Examlnor Cunningham & Co 1st Floor. 135 Notting Hill Gate London, W113LB Bankor8 Natwest 8ank PLC 250 Bishopsgate, London EC2M 4AA
Trustees Report (continued) Structure, Governance and Management Th8 Aisling Project is a Company Limlted by Guarantee and not having shared capital and was established on 20, November 2000. The Trusl comprises the Chairman, Board of Trustees and Ihe Secretary. The Board of Trustees are inhabitants of London who bring together a broad range of expertise and an awareness of the needs of the local Irish community. The trustees meet every 3 months or as business dictates. The Iruste6s who acted at any lime during the year are as follows: John Mulvihill Aonghus Filzglbbon Ann Woulfe The pow8r of appointing and removing trustees is vested in The Aisling Project Ild. Tralnlng of Trustee8 The Trustees are aware of the relevant changes in legislation and financial procedures and understand Ihe requirements and guidelines relating to the performance of Irustees. Any further training is arranged as required. Objectlvos and Acllvltle8 The charitable obj8Ctive5 of the Trust are.. al. Aisling is established for the rellef of poverty distress and sickness of people of Irish origln who are homeless, isolated or othe1$e vulnerable and for the advancement of education of such persons. bl. Aisling provides support8d holldays In Ireland for long-lerm Irish emigrants living in London who require assistance lo become reacquainted with their homeland and their frlends and family. c). Aisling gives advice and assistance lo long-16rm Irish emlgrants living in London who Wlsh to resettle in Ireland. Thes8 objectives are achieved Ihrough the consideration of the management committee at the periodic meetings of the Trustees. The Truslees confirm that they have referred to the guldanGe of Companies House general guidance on public benefit when reviewing th8 Trusls aims and objeGlives in planning future activities and setting policlas. On ehalf th board Aon hus bbon
CHARITY COMMISSION FOR ENGLAND ANO WALES Independent examlner's report on the accounts Section A Independont Examiner's Report Report to the Irustee81 vnembers of On account8 for the year ended 301h Nov8mber 2023 Charlty no Ilf any} 4111213 Set out on pag•s I report lo the trustees on my examinallon of the accounts of the above charity I'the Trust'l for the year ended Responslblltles and baals of report As the charlly's trustees, you are responsible for the preparation of the accounts In accordance wllh the requirements of the Charltie8 Act 2011 I the Act ). I report in re8p8cI of my examlnatlon of the Trust's accoun18 carrled out under section 145 of Ihe 2011 Act and In carrylng out my examlnation, I have followed all the appllcable Dlreclion8 given by th8 Charity Commls8lon under seGllon 145151{bl of the Act. Independent examlner'8 I have completed my ex8mination. I confirm that no material matters have 8tatem8nt come lo my attention in connecllon with the examination (other than that dl8c108ed below ') which glves me cause lo believe that in, any material respect: th8 accounllng records were not kept In accordance with Bectlon 130 of the Chariti88 Act., or the accounts dld not accord with the accounting records., or the accounts dld not comply with the applicable requirem&nls concerning the form and Conlenl of accounts sel out In the Charilles (Accounts and Reports) Flegulalions 2008 other than any requirement that the acoounls give a 'lrue and fair. view which Is nol a maller considered as part of an independent examination. I have no concerns and have Come a¢r086 no other matters in connection with the examination to which attention should be drawn in Ihls report In order lo enable a proper underslandlng of the accounts lo be reached. Please delete Ihg words in the brackets if Ihey do not apply. Slgned: Date: 0210812024 Name: William Cunnlngham Relevant professlonal qualificatlonlsl or body (if any): ACCA
Addre5S: 1 ¥1 Floor, 135 Notling Hill Gale, London W113LB Section B Disclosure Only complete if the examiner needs lo highlight material mallers ol concern (see CC32, Independent eKamSnalion of charity account8.. dlre¢lions and guidance for examiners). Give here brl¢f detalls of any Itoms that th8 examlner wlshes to dlsclose.
THE AISLING PROJECT DIRECTORS. REPORT For the Period ended 3 er 2023 The direGtors present Ihelr report and linancial statsmenls for the pericd ended 30 November 2023 Principle activilias The prlnclple aclivlty of the comp8ny continued to be tho1 ol r8ising charitsble funds and contrlbullons. Oireclors The follo%•Ang directors hove held office slnce 30 November 2022 John MulvlhS11 Aonghu5 FitZ9ibbon Ann Woulfe DSrectors' inlgrgsl The company Is Ilmlled by guarantee and the dlrectors hold no benellci&l Interest These 8ccounl8 have been prepared in accordance th lh& provisions applicabl¢ lo wmpanles Subject lo small companies regime. by the order of the 808rd John Mulvlhlll Dlr8clor Doted
THE AISLING PROJECT PROFIT AND LOSS ACCOUNT For th• p•rlod ended 30 Nov•mb•r 2023 P•rlod •nd•d 30111123 Perlod •nd•d 30111122 EmrAnt Support Prcoramme Grant 80.000 112,350 Turnover 23,372 23.494 Admlnlstration 8xp$n808 1138,1101 1157,045> Proflt I10•g1 on ordlnary acllvltl•• hfor• tsxatlon 134,7381 {21.201) Tax on on ordlnary actfvltl88 Prolbt Ilo••l on ordln•ry a¢tlvlll•• •ft•r tsxaiion {34.73e) 121,2011 The prowt and1088 accwnt h89 been preparod on the bas18 that all f4)8r8llon8 are contlnulng operat¢ong. There are no rgcognl8ed 98lns and108SèB other than those pa88irvJ through the prclil and1088 aoun1. DEPARThIENT OF FOREIGN AFFAIRS AND TRADE: EMIGRANT 8UPPORT PROGRAMME Dopartment of Fovan Affair5 and Trade.. The Emlgrant Support Programme re1Ve g grant of £80,QJO Icf the year from 1st July 2023 10 301h June 2024 The fund8 were restrfctod lor the fo1[Va prolecl8'. S8larie8, (wIreh swjport and office runniro cost8. Flve months gront Incomè was UtIlls8d In the period to 30 November 2023. Seven month8 grant Ineomè amounllng 10 £46,666.66 ha3 been delerred lo th8 2023-24 year aThJ wlll be ullllsed by 301h Jung 2024. Seven months grAnt Incomg 8mmounUng ¢0 £65,537,50 deferred trom 2022-23 has been utilised Ihl8 y
THE AISLING PROJECT Perlod •nd•d 30111123 P•rlod •nd•d 30111122 BALANCE SHEET A# &130 November 2023 Noi0• Curf•nt a•gets Dèbtor5 Cash al bank in hand 1.458 87,068 86.525 1.483 124,475 125,958 Cr•dltor•: arnount• falllnq duo wbthln on• y••r Actrual 14,7421 17,4361 Total aM•t• l•¥ curr•nt Il•bllltl•• C•pll•l and r•Mr¥•• Profit 8ThJ Lo58 coUn1 83,784 118,622 Re1¥•# In prepelThJ Ihe&e flnon¢lal stalements.. Fcrf the yeor 8nding the ComnY was tIlled to exemplksn from gudll under 8ectSon 477 of the companth otl 2W6. Thè marnt*rB hav8 nol re4uired Ihe company to obt81n an audll in 8ccordanca wllh 80Ctk)n 476 Ihg companies aci 2fj. The dlrectors aCknOedge thdr reswjnsibility for complylng with th9 requirement of the act wlth r8specl lo accounllThJ recortjs and for the prep8ralion of accounts. Thèse accr4Jnts have boan prepared in accothnch wllh the prov1810 applieable to ¢ompan1&8 subject to Small companies reglme. The Ilnandal st0ternent6 were approvod by the 80gr(l. John Mulvlhill DIlor
ThE AISLING PROJECT NOTES TO THE FINANCIAL STATEhlENTS For th• p•riod •nd•d 30 Novemljer 2023 Accounting poli(¥es Accountfng convanlion The finan¢lal statements are prepared under hi8torfcal ¢081 conventlon. Tumover Tumov8r r8pre58nls amount¥ Ie1Vable ts goods and sorvices ngt of VAT and trade di8counts. Deferred Taxallon Deferred laxatson is provided at the approprtole rale8 C all liming drfierences using lh8 Ilabilily method only lo the exlènl that. in the oplnion of the directors, there is a reasonable probability that a liability or asset wlll cryslallls8 in the foreseeable future. Credllors 2023 2022 Cre(Illors 4,742 {7,436} 4,742 17,436) Debtors 2023 2022 Other Dobtors 1,458 1,458 1.483 1,483 Slalomenl of movaments on proflt and loss account 2023 2012 Rdalned prohl I10s81 for the year 134.7381 (21.2011 Reconcillalkjn of movements In resarves Profil {Los31 for th8 financial peri¢xl 134,7381 121,2011 Op8ning f<gsorvgS 118,522 139,723 Closing Reserves 83,784 118,522
THE AISLING PROJECT SCHEDULE OF INCOME & ADMIN EXPENSES Period onded 30111123 Perlod ondod 30111122 Income Emigrant Support Programme Grant Fundraising 80,000 23,372 112,350 23,494 103,372 135, Adminlstratlvo expon898 Employm8nt Officelsupport costs 83.725 54,385 129,317 27,728 138,110 157.045