THE AISLING PROJECT FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024
CONTENTS Pag• Company Information Trustees Report Independanl Examiners Report Director8 Report Profll and Loss Account Balance sheet Notes lo flnanclal slatemenl8 Income & Expenéllure 8tat8m8nt 10
THE AISLING PROJECT COMPANY INFORMATION DIRECTOR8 John Mulvlhill Aonghus Fitzgibbon Ann Woulfe COMPANYNUMBER 4111213 REG18TERED OFFICE Th6 London Irlsh Centre 50-52 Camden Squarè. London NW19XB ACCOUNTANT8 Cunnlngham & Co 1st Floor, 135 Notting Hlll Gate London. W113LB
The Aisling Project Roglsterod charlty numbar 1084971 TrustO08 report The trustees are pleased to present the annual report and Independent examiners fin8ncl81 statements for tha year ended 30th Novamber 2024 ftaference and Admlnlstration Informatlon Tru•te•8 John Mulvlhlll Ann Woulfe Aonghus Fllzgibbon Prlnclpal office The London Irish Centre 50-52 Camden Square. London, NW19BX Company Number 4111213 Independant Examiner Cunningham & Co 1*1 Floor. 135 Notting Hill Gate London, W113L8 Bankers Natwest Bank PLC 250 8ishopsg8te, London EC2M 4AA
Trustees Report (continued) Structure, Governance and Management The Aisling Project is a Company Limited by Guarantee and not having shared capital and was established on 20th November 2000. The Trust comprises the Chairman, Board of Trustees and the SeGretary. The Board of Trustees are inhabitsnts 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 trustees who acted at any time during the year are as follows: John Mulvihill Aonghus Fitzgibbon Ann Woulfe The power of appointing and removing trustees is vested in The Aisling Project. Training of Trustees The Trustees are aware of the relevant changes in legislation and financial procedures and understand the requirements and guidelines relating to the performance of trustees. Any further training is arranged as required. Objectives and Activities The charitable objectives of tha Trust are.. a). Aisling is established for the relief of poverty distress and sickness of people of Irish origin who are homeless, isolated or othenNise vulnerable and for the advancement of education of such persons. b). Aisling provides supported holidays in Ireland for long-term Irish emigrants living in London who require assistance to become reacquainted with their homeland and their friends and family. c). Alsllng glves advlcè and asslstance to long-tenn Irlsh emlgrants Ilvlng In London who wish to resettle in Ireland. These objectives are achieved through the consideration of the management committee at the periodic meetings of the Trustees. The Trustees confirm that they have referred to the guidance of Companies House general guidance on public benefit when reviewing the Trusts aims and objectives in planning future activities and setting policies. On behalf of t ard Aon itzgibbo
CHARITY (OMMISSION FOR ENGLAND ANO WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to thè trustèèsl members of On accounts for the year endad 301h November 2024 Charity no (if any) 1084971 Set out on pages I report lo the trustees on my examlnation of the accounts of the above charlly ( the Trust.) for the year ended ,41)11 I l Jll;lii. R86ponsibiftie8 and basls of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of th8 Charities Act 2011 ( the Acl')- I report in respect of my examinaiion of the Trust's accounts carrled out under section 145 of the 2011 Act and in carrying out my examinalion, I have followed all the applicable Directions given by the Charity Commission under section 145{5)(b) of the Act. Independent examiner'8 I have compleled my examination. I confirm that no material matters have statement come lo my attention in connection with the examination (other than that dlsclosed below ') which give5 me cause to believe that in, any material respect: the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records,. or th8 accounts did not comply with the appllcable requirements concerning the form and content of accounts set out in the Charili8S (Accounts and Reports) R8gulalions 2008 other than any requirernent that the accounts give a 'lru8 and fair, view whic.h is nol A maltAr considered as Part of an Independent axamlnalion. I have no concerns and have Come across no other matters in conn8Ctlon with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Please delete the words in the brackets if they do not Spply. Slgned: Date.. 2025 Name.. William Cunningham Relevant professional qualification(s) or body (if any): ACCA
Address: 1° Floor. 135 Nolting Hill Gate, London W113LB Section B Disclosure Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts. directions and guidance for examiners). Give hero brief details of any items that the examinerwishos to d18cIo80.
THe suNG PROJECT DIRECTORS. REPORT or Ihe Perlod ènde O November 20 The dlrectors present their report 8nd ftnanc181 statements for the perlod ended 30 November 2024 Principle acllvilies The princlpl6 acUvity of the company conllnued lo be that of ralslng charitsble funds and conlrilyjtiong. Directors The following directors have held offlce sincé 30 November 2023 John Mulvlhill Aonghus Flttglbbon Ann Woulf Directors, interest The comp8ny Is Ilrnited by guarantee and the direct(*s hold no beneficial Interest Th888 accounts have been prap8red In accordan¢e with the provlsions appllc8ble to companies Sublocl Io 8mall companiés regime, by Ihe order of the Board trL I John Mulvihill Director D8ted E
THE AISUNG PROJECT PROFIT AND LOSS ACCOUNT Fv Ih p•rlod •nded 30 November 2024 Perlod ¢nd¢d 30111124 Pgrio ended 30111123 Emlgranl Support Progf8mme Cxant 60,C4XI 80.000 Tumover 89,481 23.372 Admlnl8tration exp9&¥ 1122,080) 1138,110 Prollt {1•) on ordlft•ry ietlvltlai b•f¢f• tatIon 27,391 {34,738) Tax on pmfll on ordln¥ry actlvllie8 Prlt(lo¥S) on ordlnary actlvltl•B after laxatlon 27.391 (34,7381 Th9 profit and loss account h08 begn Prepared on tho basls th8t all oper8tbns ar8 conlinulng upur8lions. There are no recognlBed g8ln8 arKI loBse8 other than tho$a p888lng through tho proflt and1088 acco1. DEPARTMENT OF FOREIGN AFFAIRS AND TRADE; EMIGRANT SUPPORT PROGRAMME Department of Forelgn Affalr8 and Trada.. The Emlgranl Support Progr8mm8 rocelvod 8 grant of £60,0(KI for the yoar from 181 July 2024 to 30th June 2025 The funds w8f8 re8trk18d lor the lollng projects.. S818rf8$. outreach 8UPPOrt and offl¢e runnlng costs. F8 months grant Income wa9 ullli5ed In the peffod lo 30 November 2024. Seven months grant Inccrfne amountsng lo £35,000 has been defer lo Ihe 2024-25 y88r ond wlll be ullll8ed by 30th June 2025. Seven month8 oranl in¢ome ammountlng lo £46,667 deferr(ad from 2023-24 h85 been tstlll$ed Ihls year
THE AISLING PROJECT P•rlod ond•d 30111124 P•rléd ended 30M1123 BALANCE SHEET As •t 30 November2024 Note8 Currenl ao8el8 2,857 110,475 1,457 87.067 88,524 C¥h al bank and In hand C1•t¢¢.. amounts lalllng du8 wlthln ono Ar A¢c¢ual (2,048) 14.6321 Total a•wt8 I•M CUTr•nt Ilabllltles 111,283 3,892 Capltal and re••ry•• Pmfil 8nd Loss account 111,283 83,892 Resew¥ 111. 83,892 In preparing the$0 finjnclal Blateml3,. Foi the ye8r andlng the compBny w48 enli11od lo exomplion from audll un*Jor 8a¢tton 477 of thè r£SrrpI68 act 2006. The members hav? not fgqulred (he company lo obl8ln an oudit in acGordonGe th $gc(k)n 476 on Iho ¢offlp8nle8 act 2006. The dlTecW$ 8¢kno•vl•dgo ihelr re8ponsibilily lor complylrg wSih Ihe roquir•menl of the 8Ct th resP80110 8ccountlng reCra$ 8nd lor tho prap8r8llon of omnts. TheBe accoun18 h8ve bfj prepared kn accordance the provislon8 applicable lo con¥J8ni sublecl lo #mall companles regime. The Ilnancial 81818menls were Bpproved by the Board. John Mulvlhill Director
THE AISLING PROJECT NOTES TO THE FINANCIAL STATEMENTS For the p•rlod •nded 30 Novembv2024 A¢¢ounling policies Accountlng convention The financial slel8ments are FY8par8d under historical cost ccrfwention. Tumover Turnover represents amounts reGvable for goods and services net ol VAT and trade dlscounts. Deferred Tax81Ion Daf8rred t8xallon Is provldéd at th8 approprlat8 rat88 on all timlng diffefence8 U81ng the liability method only lo the exlenl IhaL In the oplnlon ol th8 dlreclors, thoro Is a reasonabl8 probabmity that a Ilablllly or a8s81 wlll ¢rysta1115e In tho foreseeable future. Credltors 2024 2U23 Credltorn 2,048 4.632 2.048 4,632 Debtors 2024 2023 Othgr Dgblors 2.858 2,858 1,457 1.457 Slelemenl of movemen18 on profil aThl loss account 2024 2023 Relalned profll (lossl for the year 27,391 (34,738) Reconclllation ol movements In reserves Profit (Loss) for the flnancial perlod 27.391 (34.738) Openlng Reserves 83,892 118.830 Closlng Reswves 111,283 8&892
THE AISLING PROJECT SCHEDULE OF INCOME & ADMIN EXPENSES Period ended 30111124 Perlod anded 30111123 Income Emigrant Support Programme Grant Fundraising 80,000 89.451 80.000 23.372 149.451 103,372 Admlnistratlve expen8?9 Employment Officelsupport Costs 66,529 55.531 83,725 54,385 122.060 138,110