# |Contents||||Page| |---|---|---|---|---| |Trustees'/Directors'||Annual
Report||3-8| |Independent|Examiner's||Report|| |Statement
of|Financial||Activities|10| |Balance Sheet||||| |Notes to Financial||Statements||12 - 19.| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---|---|---| ||||||Fund|Fund|Funds|Funds| |||||Notes|2021|2021|2021|2020| |||||||||(as restated)| |Incoming resources|||||E||E|E| |Grants|||||14,029||14,029|6,535| |Rent receivable|||||105,616||105,616|72,250| |Irish government
grant||||||||| |Emigrant
Support Programme||||||||45,682| |From charitable
activities||||||||| |Fund raising||||||||| |Total incoming
resources|||||119,645||119,645|124,467| |Resources expended||||||||| |Charitable
activities||||4|4,511|3,389|7,900|53,287| |Governance
cost||||4|2,468|110,478|112,946|214,986| |Total resources expended|||||6,979|113,867|120,846|268,273| |Net (expenditure)/income||for the period|||112,666|(113,867)|(1,201)|(143,806)| |Net (outgoing)/incoming|resources|||||||| |before other recognised|gains/(losses)||||112,666|(113,867)|(1,201)|(143,806)| |Other recognised
gains/(losses)||||||||| |Provision for bad debt from subsidiary|||||(34,553)|0|(34,553)|(216,461)| |Surplus on Revaluation||||||83,102|83,102|0| |Net movement
in fund|||||78,113|(30,765)|47,348|(360,267)| |Reconciliation
offunds||||||||| |Total funds brought
forward|||as previously||163261|328,459|491,720|851,987| |Prior year adjustment||||||154,903|154,903|154,903| |Total funds brought
forward|||as restated||163,261|483,362|646,623|1,006,890| |Net movement
in funds|in|the period|||78,113|(30,765)|47,348|(360,267)| |Total funds carried forward|||||241,374|452,597|693,971|646,623| |Balance Sheet as at 31January 2021|Balance Sheet as at 31January 2021|Balance Sheet as at 31January 2021|||||| |---|---|---|---|---|---|---|---| ||||Notes||2021||2020| ||||||||(as restated)| |Fixed assets|||||f||6| |Tangible assets|||9||1,468,969||1,453,626| |Investments|||10||1,025,000||988,372| |Investment
in subsidiary||undertaking|11||||1| |Total fixed assets|||||2,493,969||2,441,999| |Current assets|||||||| |Debtors|||12|302,985||267,632|| |Cash at bank and in|hand|||68,213||12,683|| |Total current assets||||371,198||280,315|| |Creditors: Amount|falling||||||| |due within one year|||||||| ||||13|(1,518,655)||(1,428,029)|| |Net current assets|||||(1,147,457)||1,147,714| |Total assets less current||liabilities|||1,346,512||1,294,285| |Creditors: Amounts|falling due after||||||| |more than one year|||14||(652,541)||(647,662)| |Total net assets|||||693,971||646,623| |Funds ofcharity|||15||||| |Unrestricted
funds|||||241,374||| |Restricted
funds|||||452,597||646,623| |Total funds|||||693,971||646,623| ## ## ## ## ## ## ## ## ## ## ## ## |3-Incoming resources|from a|ctivities t|o furthe|r the charity's o|bjects||| |---|---|---|---|---|---|---|---| |||||||Total|Total| |||||Unrestricted|Restricted|2021|2020| |||||E|f|f|f| |3.1Grants (individual|sources||||||| |In excess off10,000 pa)||||14029||14,029|| |3,2 The Irish Government|||||||| |Affairs and Trade|Emigrant|Support|||||45,682| |3.2 Grants (individual|sources||||||| |less than off10,000 pa)|||||||6,535| |||||||14,029|52,217| |4-Total resources expended||||Unrestricted|Restricted|Total|Total| |||||||2021|2020| |||||||12 months|17months| ||||||E'|f|E| |4.1Staff wages|||||960|960|39,186| |4.2 Rent, rates and insurance||||4,511|2,429|6,940|| |4.3 Accountancy,
legal|and professional||fees|2,170|1,168|3,338|10,350| |4.4 Printing,
postage, stationery||& advertising|||||| |4.5 Bank charges and|interest||||78,179|78,179|122,971| |4.6 Over 50s Luncheon|project|(food costs)|||||2,820| |4.7 Charitable
purpose|expenditure||||||9,779| |4.8 Miscellaneous||||298||298|2,951| |4.9 Depreciation|||||31,131|31,131|80,216| |||||6,979|113,867|120,846|268,273| |5-Net incoming
resources for||the year||||2021|2020| |||||||E|f| |This is stated after charging:|||||||| |Depreciation||||||31,131|80,216| |Impairment/(Surplus)|on Revaluation|||||(83,102)|| |Independent
examiner's
fee||||||850|850| |||||||(51,121)|81,066| ## |6- Paid Emplo|yees|||||||| |---|---|---|---|---|---|---|---|---| ||||||||2021|2020| ||||||||E|E| |6.1Staff costs||||||||| |Gross salaries/wages||and benefits|||in kind||960|39,186| |Employer's|national|insurance||contributions||||| ||||||||960|39,186| |6.2 Average number offulltime|||equivalent||||2021|2020| |Employees|in the year engaged|||in|Charitable|activities||| ## ## ## ## ## ## |9-Fixed Assets|(as restated)|Long|Fixtures|Total| |---|---|---|---|---| |||Leasehold|and|| |||Premises|Fittings|| |Cost||f|f|E| |As at 31January|2020|1,512,085|263,816|1,775,901| |Additions||||| |Revaluation||(87,085)||(87,085| |As at 31January|2021|1,425,000|263,816|1,688,816| |Depreciation||||| |As at 31January|2020|133,559|188,716|322,275| |Charged this period||4,750|26,381|31 131| |Revaluation||(133,559)||(133,559)| |As at 31January|2021|4,750|215,097|219,847| |Net book value||||| |As at 31January|2021|1,420,250|48,719|1,468,969| |As at 31January|2020|1,378,526|75,100|1,453,626| |||||Long Leasehold|Total| |---|---|---|---|---|---| |||||Premises f|f| |Cost|||||| |As at 31January 2020||||4,864,937|4,864,937| |Additions|||||| |As at 31January 2021||||4,864,937|4,864,937| |Depreciation|||||| |As at 31January 2020||||648,881|648,881| |Charged
for Year||||97,298|97,298| |As at 31January 2021||||746,179|746,179| |Net book value|||||| |As at 31January 2021||||4,118,758|4,118,758| |As at 31January 2020||||4,216,056|4,216,056| |10-Fixed Assets Investment||||2021|2020| |||||f|f| |Land leased to Northwind|5s Ltd|||1,025,000|998,372| |Part ofthe land attached to||the Irish World Heritage Centre has been sublet to Northwind|||Ss Ltd t/a| |Goals at an annual
rent of|670,000.This||land was valued|on 30 November
2020together|with the leasehold| |property.|||||| |11-Investment
In Subsidiary||IJndertaklng||2021|2020| |||||f|6| |Manchester
and Irish Trading
Ltd||||0|1| |(less amount
written
off)|||||| |12-Debtors||||2021|2020| |Amount
falling due within|one year|||f|6| |Trade debtors||||24,778|450| |Other Debtors||||11,025|| |Amount
owed by group and||associated|undertakings||| |(see note 7.2 and 7.3 )
Provision for bad debt from||subsidiary||518,196
~251,014)|483,643
216,461)| |||||302,985|267,632| |||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |13-Creditors: amounts
falling due within one year|||||||||2021|||2020| ||||||||||f|||f| |Bank Loans and overdrafts|||||||||46,927|||46,080| |Loan from Manchester
City Council|||||||||1,444,764|||1,381,024| |Trade and expense creditors|||||||||462|||850| |Social security and other taxes|||||||||18,916|||75| |Other creditors
and accruals|||||||||7,586|||| ||||||||||1,518,655|||1,428,029| |13-Creditors: amounts
falling due within one year||||||||||||| |At 31January 2021,the loan from Manchester|||City Council||||includes accrued interest off287,098|||||| |The accrued interest amount
is for the||last six years|||since the|||start ofthe loan in|||January 2015.|| |The loan from Manchester
City Council||is secured||by debenture|||||dated 20January||2015which includes|| |a fixed charge over all the borrowers'|right, title and||||interest|||in|the existing rent||account subject to|| |the deed of priorities
held by the Co operative|||Bank||pic.|||||||| |14-Creditors: amounts
falling due after more|||than||one|year||||||| ||||||||||2021|||2020| ||||||||||f|||6| |Bankloans|||||||||652,541|||647,662| ||||||||||652,541|||647,662| |14-Creditors: amounts
falling due after more|||than||one|year||||||| |Bank loans and overdraft
facilities are||secured|by|a standard|||mortgage
debenture||||to the Co operative|| |Bank pic incorporating
a fixed and floating charge||||dated||20June 2012over the||||assets of||| |the company.||||||||||||| |The Co operative
Bank pic also holds a||deed of|priorities|||dated 20January 2015which provides the bank||||||| |with priority over the Manchester
City||Council|for|a sum||of61.1m plus interest||||and costs.||| |The Co operative
Bank pic also holds a||first legal charge dated||||||20June 2012over|||registered|leasehold| |property
known
as Land at Queens
Road, Cheetham|||||Hill,|Manchester
MB BUR.||||||| |There is a full unlimited
cross company||guarantee||structure|||between
IDF and Manchester|||||Irish Centre Ltd,| |Bank Loans|||||||||2021|||2020| ||||||||||f|||f| |Repayable
in one year or less or on demand|||||||||46,927|||46,080| |Repayable
between
one and two years|||||||||48,399|||47,596| |Repayable
between
two and five years|||||||||604,142|||600,066| |Repayable
in five years or more||||||||||||| ||||||||||699,468|||693,742| |15-Funds Held||Balance|Balance||Re-|Incoming|Outgoing|Other gains|Balance| |---|---|---|---|---|---|---|---|---|---| ||||8/F||allocation|Resources|Resources|& losses|C/F| |||as restated|||||||| ||||E||||||| |Restricted
Fund|||||||||| |Capital development|fund||590,906||(590,906)||||| |Emigrant
and community|||||||||| |support
fund|||55,717||||(4,557)||51,160| |Property
fund|||||427,645||(109,310)|83,102|401,437| |Unrestricted
Fund|||||163,261|119,645|(6,979)|(34,553)|241,374| ||||646,623|||119,645|(120,846)|48,549|693,971| |The Emigrant
and Community||Support|Fund|relates to income||received specifically to cover wages and|||| |other costs incurred|under the Government|||of Ireland
ESP, and other specific community||||pro)ects.|| |The Property
Fund relates to||income given solely in respect of||||the property|owned
by the|charity and|| |relating to its refurbishment||and other costs.|||||||| |16-Assets held|||||Restricted||Unrestricted||| ||||||Funds||Funds||| ||||||f||f||f| |Tangible
Fixed Assets|||||1,420,250||48,719||1,468,969| |Investments|||||1,025,000||||1,025,000| |Current Assets|||||151,579||219,619||371,198| |Current
Liabilities|||||(1,491,691)||(26,964)||(1,518,655)| |Creditors over 1Year|||||(652,541)||||(652,541)| ||||||452,597||241,374||693,971| ##