Irish Diaspora Foundation
Trustees, and Directors, Report for the Year ended 31 January 2022
Irish Diaspora Foundation
(A company limited by guarantee)
Trustees, and Directors, Report and Accounts
for Year ended 31 January 2022
Company number 04060923 {England and Wales)
Charity number 1086775
lllllWWlllUWWlll
•A8FK2)OX*
2811012022
COMPANIES HOUSE
Page l of 19
A10
#259

Irish Diaspora Foundation
Trusiees. and Directors, Report for the Year ended 31 January 2022
Contents
Page
Trustees'/Dirertors' Annual Report
Independent Examiner's Report
Statement of Financial Artivities
io
Balance Sheet
li
Notes to Financial Statements
12-19.
Page 2 of 19

Irish Diaspora Foundation
T￿￿tee5, and Dirertors, Report for the Year ended 31 January 2022
The Trustees present their Annual Report and the Directors, Report las required by company lawl
together with Financial Statements for the year ended 31 January 2022.
Reference and Admlnlstratlon detsils
Charity name".
Charity reglstratlon number.
Company number:
Principal addrw and registered office:
Irish Diaspora Foundation
1086775
I Irish Town Way
Cheetham Hill. Manthester
M8 OAE
Irish Diaspora Foundation is a company limited by guarantee not having any Share copitsl.
Trustees'/Dlrectorfs re5pon5ibllities
The Trustees/Directors are responsible for preparin8 the directors, report and the financial statements in
accordance with applicable law and regulations.
The company law requires the directors to prepare the financial statements for each financial
year. Under the law directors have elected to Pfepare the financial statements in accordance
with UK GAAP (generally accepted accounting practice)
Under company law directors must not appro¥e the financial statements unless they are satisfied
that they give true and fair view of state of affairs of the company and of profit and10s5 account
for that period.
In preparing these financial statements, directors are required to
seled suitable accountinE policies and apply them consistently
make judgement and accounting estimates that are reasonable and prudent
prepare financial statement on going concern basis unless it is inappropriate to presume
that company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show
and explain the company transactions and disclose with reasonable accuracy at any time the
financial position of the company and enable them to ensure the financial statements comply
with Companies Act 2(K)6. They are respon￿ble for safeguardingthe assets ofthe company and
hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 3 of 19

Irish Diaspora Foundation
Trustees. and Directors. Report for the Year ended 31 January 2022
TrusteeslDirertors
At the date of approval of this report the charity trustees and directors were as follows
Paul Ezekiel Stanion
Michael Gerard Forde
Martin Connollv
Brian Bernard Kennedv
Martin Logan
Rose Agnes Morris
Trustees are appointed by majority vote of existin8 trysteesldirectors
Other relevant Inforn￿tIon
Registered Office
I lrfsh Town Wav
Cheetham Hlll
Manchester
M8 OAE
Bankers
The Co Operative Bank PIC
PO Box 250
Skelmersdale
WN8 8NT
Structure. Governance and Management
l- Governlng Document
The Foundation 15 a charitable company limited by guarantee. incorporated on 29 August 20LK)
and registered as a charity on 25 May 21XII.
It Was established under a memorandum of association which outlines its objects and power5
and is governed under its articles of association It has a use of limited exemption.
In the event ofthe company beingwound up members are required to contribute an amount
not exceeding £ l as detailed in the charity's memorandum ènd articles of association.
2-Introdurtion
The Irish Diaspora Foundation IIDF) is a re8lStered charity founded in 2(X)O and based at the
Irish World Heritage Centre. Its aims and objectives are to advance education of the wider
community on all aspects of Irish Culture and Heritage, and the positive contribution of Irish
emigrants worldwide. This is achieved through promotion and development of Irish arts. history,
cultural heritage and sporting artivities at the Irish World heritage Centre and by working in
partnership with other Irish organisations and community groups.
2.1- Board of Trustees
The Board of Trustees consists of six people. all of whom brin8 appropriate knowledge and
and expertise to the board.
Page 4 of 19

Irlsh Diaspora Foundation
Tw5tees' and DirectOf5' Report for the Year ended 31 January 2022
2.2- Staff
The Irish Llasporo Foundation employs three members ofstsff in an administative capacity.
The position5 of Culture ond Education Officer and Cultural Support Officer have not yet been filed.
2.3-Volunteers
The Irish Diaspora Foundation currently has 8 volunteers who often support delivery of cultural events
and one-off projects. During the past year their participation was reduced because of the cessation
of a full cultural programme due to Government Covid 19 restrictions.
3- Goal Soccer Centre
The sublet to Northwind 5s Ltd tla Goa15 5-a-side football opened on the site in February 2015 and
has been trading alongside the Irish World Heritage Centre since that time. providing an annual income
to the centre from a long term lease arrangement.
4- Ongolng pro*¢ts and artivities
4.1-Fundlng
When fully operational in previous years. the primary source of funding of The Irish Diaspora Foundation
was the Irish Government's Emigrant Support Programme. administered by the Irish Abroad Unit of
the Department of Foreign Affairs and Trade and the Emba54 of Ireland. supplemeted by small amounts
of funding from other collaberative partners. This was considerably reduced due to the cessation of the
full cultural programme due to Government Covid 19 regulations.
During the year a rental has continued to be received from Goals 5-a-5tde football, and a rental has been
received throughout the year from NHS in connection with Covid 19 vaccination5.
4.2- Manchester Irish Centre Limited
Manchester Irish Centre Limited IMICLI is a mutual society {registered number 24907RI
This society works closely with the Irish Diaspora Foundation{IDF} and has several mutual trustees.
MICL operates Out of the Irish World Heritage Centre which is part owned by IDF and no rent
is charged to MICL. MICL and IDF are joint lease holders of the land on which the property is built.
MICL and IDF are also joint lessors of a sub-lease relating to part of the land incorporated in their
joint lease. The rent from this sub- lease received during the year is included in the accounts
under incoming resources
Page 5 of 19

Irish Diaspora Foundation
Trustees, and Directors. Report for the Year ended 31 January 2022
4.3- Partnerships
The Trustees of the Irish Diaspora Foundation value Strongly the opportunity to work in partnership
with local, regional and national organisations and particularly with the local cultural, charity and
voluntary sector as well as being highly committed to advancing the aims and objectives of the Foundation
through the provision of a diverse platform of activities with the education and learnin8 sectors
locally and regionally. We believe that partnership leads to more effective and more eWi¢ient
operation. and that the pooling of resouices. experience and ski115 can lead to enhanced delivery
for the public5 served by the charity-
The Irish Diaspora Foundation has well e5tabli5hed partnerships with a large number of organisations.
Our dealings with these organisations can range from one-off consultations to ongoing projerts and
activities delivered in partnership over a long period of time. Ongoing plans to diversify our publics and to
extend the reach and depth of our engagement with the Irish Diaspora. involve greater collaborative
partnerships with established and emergent sectors includinE the burgeoning Festival sector in Greater
Manchester. During the past year collaberation with these organisations was limited and when it
occurred it was mostly through social media and virtual meetings.
The following are examples of the charities and organisations we have worked with over the past year.
Claddagh Association of Irish Dance. Conradh na Gaeilge. British Association of Irish Studies,
Manchester MetroDolitan Universitv. Comhaltas in Britain. Manchester Citv Council.
Liverpool Institute of Irish Studies. Manchester Irish Festival. Llkrainian Centre Manchester.
Irish Youth Foundation. Centre for New Writin%- University of Manchester. Ireland Funds Great Britain.
Lancashire GAA. St Wilfred's CCE. Irish TV in the UK. Manchester Irish Education Group.
North Manchester Radio FM. Manchester Irish LanRua%e Group. All FM Manchester Irish Radio.
Buffalo University New York James Jovce Collection. Manchester Irish Writers.
Irish Communitv Care Manchester. McGill Summer School.
Pa8e 6 of 19

Irtsh Diaspora Foundation
Trustee5' and Oirectors. Report for the Year ended 31 January 2022
Cultural and Educatlon Programmes
The Irish Diaspora Foundation aims to deliver a diverse programme of activities throu8hout the year.
The programmes delivered from February 2021 to January 2022 include the promotion of activity that
addresses the larger prioritie5 Set by the 'Decade of Centenaries, to explore the history of Ireland
during the Revolution. War of Independence. Civil War and Partition in the 1913-22 period.
Information was shared on social media to highlight online webinars and conferences appertaining to
this subject to allow some continuation of interest in this aspect of Irish history and heritage. It also
included notice of activities designed to express and deliver our tore and strategic priorites aimed
at expanding knowledge. awarenes5 and engagement with Irish arts. histories and heritage
among Irish citizens and generations in diaspora.
The members of Manchester Irish Writers. St Wilfred's traditional musicians and Manchester Irish
Education Group continued a re8ular input throu8h the use of social media to hold virtual
meetings and cla555es.
From February 2020 and throughout 2020 and 2021 many scheduled events were cancelled including
activities associated with the Manchester Irish Festival. includin8 the St Patrick's Day Parade in 2021.
Government employment restrictions which began on 20th March 2020 let to a close down of the Irish
World Heritage premise5. Other than for NHS u5e- hence the cessation of all cultural and social
activities apart from those through social media and this pattern continued during 2021122.
Throughout the year Trustees, volunteers and cultural group leaders continued to provide
communications and updates to maintain contact with the wider Irish community to enhance and
promote their well-being at a difficult and unusual time through the regular use of social media.
the website, Twitter, Istragram, local Irish Radio and Irish TV in the UK. IWHC members were
updated with regular e-mails and mailchimp.
Page 7 of 19

Irish Diaspora Foundation
Trustees, and Directors, Report for the Year ended 31 January 2022
Financial Performance
The Statement of Financial Activities is set out on page 10 and shows a deficit of £8.16512021= a surplus
of £47,348) on total income generated of £298.110 {2021= £119.6451.
The Balance Sheet on page 11 shows total net assets of £685,80612021.. £693,9711. The net assets are split
between unrestricted and restricted funds. further details of which can be seen in note 14 of these
financial statements.
In common with most businesses. the Irish Diaspora Foundation {the Charity) has continued to be
challenged financially during the year. with Covid 19. the cost-of-living crisis and other external factors
having a negative impact on the activities and finance5 of the Charity. As such the Board have
considered the going concern basis of preparation of these financial statements, further details of
which can be seen in note 1.1 to these financial statements.
This report has been prepared in accordance with the small company regirne. section 419 (21 of the
Companies Act 2006.
Approved by the Board on
.2.5/,:1
.y.t¥.b and signed on their behalf by
Brian Kennedy (Trusteel
Martin Connollv (Trusteel
Page 8 of 19

Irish Diaspora Foundation
Tru￿eeS, and Dire¢tors' Report for the Year ended 31 January 2022
Independent Examiner's Report to the TNstees of Irish Diaspora Foundation
I report to the charity trustees on my examination of the accounts of the charity for Year ended
31 January 2022 which are set out on pages 10 to 19.
Respect responslbllltles of trustees and examiner
As the charity's trustees of Irish Diaspora Foundation {and also its directors for the purpose of
company lawl you are responsible for the preparation of accounts in accordance with the requirements
ofthe companies Act 2￿61'the 2006Act'l.
avin8 satisfied myself that the accounts of Irish Diaspora Foundation are not required to be audited
under part 16 of the 2￿6 Act and are eligible for independent examination. I report in respect of my
examination of your charity's accounts as carried out under section 145 of the Charities Act 2011
I'the 2011 Act'l- In carrying out my examination I have followed the Direction5 given by the Charity
Commi$5ion under section 145151 {bl of the 2011 Act.
Independent Examiner's ststement
Since the Irish Diaspora Foundation'5 gr0$5 income exceeded £250.000, your Examiner must be a member
of a body listed in section 145 of the 2011 Charities Act. I confirm that l am qualified to undertake
the examination because l am a member of the ID5titute of Chartered Accountants in England & Wales,
which is one of the listed bodies
I have completed my examination. I confirm that no matters have come to my attention in connertion
with the examination 8ivin8 me cause to believe:
l- accounting records were not kept in respect of Irish Diaspora Foundaiton as required by section 386
of the 2006 Act; or
2- the accounts do not accord with those records: or
3- The accounts do not comply with the accounting requirements of section 396 ofthe 2IXJ6 Actother
than any requirement that the accounts give true and fair view which is not a matter considered as
part of an independent examination- or
4- the account5 have Dot been prepared in accordance with the method5 and principles of the
Statement of Recommended Practice for the accounting and reporting by charitie5 applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland IFRS 1021.
I have no concerns and have come across no other matters in connection with the examination to
which attention should be drawn in thi5 report in order to enable a proper understanding of the
accounts to be reached.
Paul Roper IFCAI
McKellen5 Ltd
11 Riverview
The Embankment Business Park
Vale Road. Heaten Mersey
Stockport, SK4 3GN
Page 9 of 19

Irish Dlaspora Foundation
Trustees, and Directors. Report for the Year ended 31 January 2022
ststement of Financlal Actlvltles for the Year ended 31 January 2022
un￿StrICted Restricted
Fund
Fund
2022
2022
Total
Fund5
2022
Unrestricted Re5trirted
Fund
Fund
2021
2021
Total
Funds
2021
Note!
Incoming resources
Grants
Rent receivable
Irlsh govemment grant
Emigrant Support Programme
From charitable activities
Fund raising
12.(KM)
272.967
13.143
25.143
272.967
14.029
105.616
14,029
105,616
Total Incomlng resources
284,967
13.143
298.110
119,645
119,645
Less: Resources expended
Charltable activities
Other Expendlture
{4.5111
13.3891
17,9001
12.4681 1110.4781 1112,946}
1136.1401 (170.135) (306.275)
Total resources expended
1136.1401 1170.135) 1306,275}
{6.9791 1113,8671 1120,846}
Net lexpenditure)/income for year
Net resources before other
recogni5ed gainslllossesl
148,827 {156.9921
18.165)
112,666 1113,8671
11,2011.
148.827 (156,992)
(8.165)
112,666 1113,8671
{1.2011
Other recognlsed galns/(losses)
Provision for doubtful debt
Surplus on Revaluation
{34.553)
134.5531
83.102
83102
Net movement in fund
Reconciliation of funds
Total funds brought forward
Prior year adjustment
148,827 1156,9921
(8,1651
78.113
{30,7651
47,348
241374
452,597
693.971
163,261
328459
154903
491.720
154,903
Total funds brought forward
Net movement in fund5 in year
Total funds carried forward
241.374
452,597
148.827 1156,9921
390.201
295,605
693,971
18.1651
685,806
163,261
78,113
241,374
483.362
130,7651
452,597
646,623
47,348
693,971
Page IQ of 19

Irish Diaspora Foundation
Trustees, and Directors, Report for the Year ended 31 January 2022
Balance Sheet as at 31 January 2022
Notes
2022
2021
Fixed a55ets
Tangible a55ets
Investments
Investment in subsidiary
Total fixed assets
1,420,411
1.025.(
1.468,969
1.025,0
io
2.445,412
2,493,969
Current assets
Debtors
Cash at bank and in hand
Total current assets
li
316,947
95.430
412.377
302.985
68.213
371.198
Credltors: Amount falllng
due wlthln one year
12
11.581.704)
11,518.6551
Net current assets
11.169.327)
11,147.457)
Total assets less cyr￿n1 liabilities
1,276,085
1.346.512
Creditors: Amounts falling due after
more than one year
13
1590,2791
1652,5411
Total net assets
685,806
693,971
Funds of charity
Unrestricted funds
Restricted funds
Totsl funds
14
390.201
295,605
685,806
241,374
452,597
693.971
For the financial year in question the company was entitled to exemption under section 477 of the
Companies Act 2006 relating to small companies.
No members have required the company to obtain an audit of its accounts for the year in question
in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Art with
respect to accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companie5
subject to the small companies regime.
Approved by the Trustees on
LL and signed on their behalf
Brian Kennedy (Trustee
Martin Connolly {Trusteel
Page llof 19

Irish Diaspora Foundation
Twstees. and Directors, Report for the Year ended 31 January 2022
Notes to the Financial Statements for the Year ended 31 January 2022
l-Ba5is of Preparation
1.1 Going concern
The Trustees of Irish Diaspora Foundation (the Charity) secured a contract with the NHS to rent part of
the building as a Covid 19 vaccination Centre in January 2021. and this has continued until the end of
August 2022.
The Trustees have further considered the projected finanial commitments and cash flows of the Charity
for a period extending for 12 months from the date of approval of these financial statements. The Trustees
forecast that the surplus NHS rental income generated over the life of that additional NHS contrart rental
income source is expected to cover the Charity's costs and any losses of Irish Town Manchester Limited
IITMLI until circa January 2023. by which time the Trustees believe that ITML will be Profit making.
Once ITML is profit making, it Is not expected to require significant trading support from the Charity
other than the sharing of some central overhead cost5. The Charity also has contracts providing medium
to long term rental income from Northwind 5's Limited {Goals soccer centrel and Metrolink (car parking
spaces) which underpin the 8oards's forecast assumptions.
Consequently. the Board believe the Charity has sufficient resources on its Balance Sheet to continue to
service all its activities and creditors for at least twelve months from the date of signing these accounts.
The Trustees consider therefore that the Charity can continue to operate as a going concern and the
accounts have accordingly been prepared on a going concern basis.
1.2 Basis of preparation of Financial Statements
The financial statements have been prepared in accordance with the Charities SORP IFRS 102) - Accounting
and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS 1021, effective l January 2019, and the Companies Act 2CQ6.
The Charity meets the definition of a public benefit entity under FR5 102.
Assets and liabilities are initially recognised at historical cost or transaction value unless.other stated in
the relevant accounting policy.
1.3 Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general
objectives of the charity.
Designated funds are unrestricted funds earmarked by trustees in furtherance of the general
objectives of the charity.
Restricted funds are Subject to restrictions on their expenditure imposed by the donor or through
the terms of an appeal. Restricted funds include a revaluation reserve representing the restatement
of investment assets at market values.
In the opinion of the Trustees, there are no critical estimates or judgements included in the accounts.
2- Accounting Policie5
2.1- Incoming resources
aF All incoming resources are included in the statement of financial activities ISOFAI when the charity
15 entitled to the resources. the quantum can be determined with reasonable accuracy, and in the
opinion of the trustees. virtual certainty of receipts is perceived.
Page 12 of 19

Irlsh Diaspora Foundatlon
Trustees. and Directors, Report for the Year ended 31 January 2022
b)-Where incoming resources have related expenditure { e. g with fundraising or contrart income) the
attributable resources and expenditure are reported gross in the SOFA.
c)-Grant5 and donations are only included in the 50FA when the charity has unconditional entitlement
to the resour£es.
d) Contractual income and performance related grants are only included in the SOFA once goods
have been delivered/performed.
el Glfts in kind for use by the charity are included in SOFA as incoming resources when
receivable, recognised using a reasonable estimate of their value to the charity.
fl Donated services and facilitie5 are only included in incoming resources (with an equivalent
amount in resources expended) where the benefit to the charity is reasonably quantifiable.
measurable and material, recognised at the estimated value to the charity.
g) The value of voluntary assistance received is not recognised in these accounts.
h) Foreign currencies-. transactions in foreign currencies are translated into sterling at the rate ruling
on the date of the transaction. Exchange differences are taken into account in arriving at net
incoming esources.
2.2- Resources expended
a) Expenditure is recognised on an accrual basis as a liability is incurred.
b) Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities
and services for its beneficiaries. It includes both costs allocated directly to such activities and those
costs of an indirect nature necessary to support them.
c) Governance costs include costs associated with meeting the constitutional and statutory
requirements of the charity and could include the cost5 of preparation and audit or independent
examination of statutory accounts. c05t of trustees, meetings and of legal and professional advi￿.
d) Capital grants are presented in the accounts as incoming resources. The depreciation of the fixed
ssets is recognised in the SOFP against the associated fund.
e) All costs are allocated between the appropriate expenditure categories of SOFA on a basis designed
to reflect the use of resources. Costs relating to a particular artivity are allocated directly. others are
apportioned on an appropriate basis.
2.> Assets
Fixed assets represents capitalised professional fees. expenses incurred during the year and
development works on the Irish World Heritage Centre. The land and buildings is subject to 3 250 year
lease commencing on 20 June 2012 from the Manchester City Council.
Fixed assets with a value less than £100 are not capitalised.
Page 13 of 19

Irish Diaspora Foundation
Trustee5' and Direttors. Report for the Year ended 31 January 2022
Depreciation is provided on tangible fixed assets so as to write off the cost. less any residual value,
over their expected useful economic life.
Leasehold property
Fixtures. fittings and equipment
2 % straight line
10% straight line
3- Incomlllg resources from activitles to further the charity's objects
Total
2022
Total
2021
Unrestricted Restrirted
Unrestricted Restricted
3.1 Grants lindividual sources
in excess of £10,000 pa)
12000
lo.￿?
22.0
14,029
14.029
3.2 The Irish Government
3.2 Grants (individual sources
less than of £IO.000 pal
3.143
3.143
12.(KK)
13,143
25,143
14,029
14,029
4- Total resources expended
Total
2022
Total
2021
Unre5trirted Restricted
Unrestricted Restricted
4.1 Staff wages
4.2 Rent, rates and insurance
4.3 Accountancy. & professional fees
4 .4 Stationery, postage, advertising
4.5 Bank charges and interest
4.6 Maintenance and Repairs
4.7 Charitable purpose expenditure
4.8 Miscellaneous
4.9 Depreciation
70.035
32.616
766
5.101
206
18.058
3,686
17,562
413
2,747
69,486
14.377
73.721
50,178
1.179
960
2429
1168
960
6.940
3.338
4.511
2.170
69.692
32.435
78179
78,179
9.358
9,358
61,864
298
298
31,131
61.864
31131
136.140
170,135
306,275
6,979
113,867
120,846
5- Net incoming resour￿5 for the year
2022
2021
This is stated after charging:
Depreciation
Impairmentllsurplusl on Revaluation
Governance costs '.
Independent examiner's fee
61.864
31.131
{83.1021
850
62,714
850
151,1211
Page 14 of 19

Irish Diaspora Foundation
Trustees, and Dirertots. Report for the Year ende(131 January 2022
6.1 Staff costs
Gross salaries/wages and benefits in kind
Employer's national insurance contributions
Employer's Pension Contributions
67,449
5,294
978
73.721
960
960
6.2 Average number of fulltime equivalent
2022
2021
Employees in the year
6.3 stsff Pension Scheme
The charity operates a pension schemes for its employees. The charity Started employees
pension from Oct 2017. The People's Pension is workplace pension provider for the charity.
6.4 There are no employees with ernoluments above £60,(KX).
7- Trustees remuneration arKI related party transartions
7.1 Neither the trustees nor any person connetted to them have received any remuneration or
payment for individual expenses durin8 the period12021 . £Nil)
7.2 Manchester Irish Centre Ltd
Manchester Irish Centre Ltd is a mutual society which works closely with Irish Diaspora Foundation.
It operates out of the property know as the Irish World Heritage Centre on a rent free basis.
The two entities have several mutual trustees.
At 31 January 2022. there was a balance of £267.18212021- £267.182) due from
Manchester Irish Centre Ltd.
7.3 Irish Town Manchester Ltd
Irish Town Manchester Limited, a wholly owned subsidiary of Irish Diaspora Foundation,
was incorporated on 3rd December 2021.
The company did not trade during the year ended 31stJanuary 2022.
Trading commenced on 4th February 2022.
At 31 January 2022, there was a balance of £15.588 due from Irish Town Manchester Limited.
Page 15 of 19

lrfsh Diaspora Foundatbon
Trustees, and Directors, Report for the Year ended 31 January 2022
8- Tangible Fixed Assets
Long
Leasehold
Premises
Flxtures
and
fittings
Total
Cost
As at 31 January 2021
Additions
Revaluation
As at 31 January 2022
1,425.000
263.816 1,688,816
13.306
13,306
I,425.(M￿)
277.122 1.702.122
Depreciation
As at 31January 2021
Charged this period
Revaluation
As at 31January 2022
4.750
34.152
215.097
27.712
219,847
61,864
38,￿2
242,809
281,711
Net book value
As at 31January 2022
As at 31 January 2021
1.386,098
1.420,250
34,313 1.420.411
48,719 1.468.969
The leasehold property was valued on 30 November 2020 by a national firm of Chartered Surveyors
and Property Consultants. Gerald Eve LLP, members of the Royal Institute of Chartered Surveyors.
The valuation was made on an open market existing use basis. This valuation was incorporated
in the financial statements to 31 January 2021.
Depreciation on Long Leasehold Premises has been provided for the year.
The Trustees are not aware of ony material changes in value of the leasehold propertv
since this valuation.
Page 16 of 19

liish Diaspora Foundation
Trustees, and Oirectors, Report for the Year ended 31 January 2022
Historical Costs
Fixed assets shown at revalued amounts would normally have been shown at cost as follows
Long Leasehold
Premises £
Total
Cost
As at 31January2021
Additions
As at 31 January 2022
4,864.937
4.864.937
4.864.937
4,864,937
Depreciation
Asat31January2021
Charged for Year
As at 31 January 2022
746.179
97.298
843,477
746.179
97,298
843,477
Net book value
As at 31 January 2022
As at 31 January 2021
4,021,460
4,118.758
4,021.460
4.118.758
9-Flxed Assets Investment
2022
2021
Land leased to Northwind 55 Ltd
1.025.IX
I.025,(￿)
Part of the land attached to the Irish World Heritage Centre has been sublet to Northwind 55 Ltd t/a
Goals at an annual rent of £70.IM). This land was valued on 30 November 2020 together with the
leasehold property.
I￿InVestMent in Subsidiary Undertakiwa
2022
2021
Irish Town Manchester Limited
The Company was incorporated on 3rd December 2021, and
did not trade during the year ended 31st January 2022
11- Debtors
Amount falling due within one year
Trade debtors
Other Oebtor5
Accrued Income
Amount owed bygroup and associated undertakings
Provision for bad debt from subsidiary
2021
2020
24.778
11,025
24.177
io.o)o
282,770
518,196
1251.0141
302.985
316.947
Page 17 of 19

Irish Diaspora Foundation
Trustees, and Directors. Report for the Year ended 31 January 2022
12- Creditors . amounts falling due within one year
2022
2021
8ank Loans and overdrafts
Loan from Manchester City Council
Trade and expense creditors
Social security and other taxes
Other creditors and accruals
44.876
1,493,329
21.227
14.250
8.022
1,581.704
46.927
1,444,764
462
18,916
7,586
1,518,655
At 31st January 2022. the loan from Manchester City Council includes accrued interest of £335,663.
The accrued interest amount is for the last seven years since the start of the loan in January 2015.
The loan from Manchester City Council is secured by debenture dated 20 January 2015 which 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 plc.
The loan from Manchester City Council is repayable on demand.
1> Creditors . amounts falling due after more than one year
2022
2021
Bank loans
590.279
590.279
652.541
652,541
Bank loans and overdraft facilities are secured by a standard mortgage debenture to the Co operative
Bank plc incorporating a fixed and floating charge dated 20 June 2012 over the assets of
the company.
The Co operative Bank plc also holds a deed of priorities dated 20 January 2015 which provides the bank
with priority over the Manchester City Council for a sum of £l.Im plus interest and costs.
The Co operative Bank plc also holds a first legal charge dated 20 June 2012 over registered leasehold
property known as Land at Queens Road, Cheetham Hill. Manchester M8 8UR.
There 15 3 full unlimited cr055 company guarantee between Irish Diaspora Foundation
and Manchester Irish Centre Limited.
Bank Loans
2022
2021
Repayable in one year or less or on demand
Repayable between one and two years
Repayable between two and five years
Repayable in five years or more
44.876
46.583
543.696
46,927
48,399
604,142
635.155
699.468
Page 18 of 19

Irtsh Diaspora Foundation
Trustees, and Directors, Report for the Year ended 31 January 2022
14- Funds Held
Balance
81F
Incoming
Outgoing Other gains
Resources Resources
& losse5
Balance
CIF
Restricted Fund
Emigrant and community
support fund
Property fund
51,160
401,437
51,160
244,445
13.143 (170,1351
Unrestricted Fund
241.374
284.967 (136.1401
390.201
693.971
298.110
{306,2751
685,806
The Emigrant and Community Support Fund relates to income received specifically
to cover wages and othercosts incurred underthe Government of Ireland ESP. and other
specific community projects
The Property Fund relates to income given solely in respect of the property owned by the Charity and
relatin8 to its refurbishment and other costs.
15- Assets held
Restricted Unrestricted
Funds
Funds
Tangible Fixed Assets
Investments
Current Assets
Current Liabilities
Creditors over l Year
1.386,098
1.025,000
12,991
399.386
11.538.205) 143.499)
159),279)
34,313
1.420,411
1.025,001
412,377
11.581.704)
{590,2791
295.605
390,201
685.806
Page 19 of 19