Irish Dlaspora Foundatlon
TnJstees' and Direciors. Report for the Year ended 31 January 2023
Irish Diaspora Foundation
(A company limited by guarantee)
Trustees, and Directors, Report and Accounts
for Year ended 31 January 2023
NN
'AC11450X4*
05101r2￿24
COMPANIES HOUSE
Company number 04060923 (England and Wales)
Charity number 1086775
Page l of 19

Irish Diaspora Foundation
Trustees, and Director5. Report for the Year ended 31 January 2023
Contents
Page
Trustees'lDirectors' Annual Report
Independent Examiner's Report
Statement of Financial Activities
io
Balance Sheet
li
Notes to Financial Statements
12-19.
Page 2 of 19

Irish Diaspora Foundation
Trustees, and Directors. Report for the Year ended 31 January 2023
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 2023.
Reference and Administration details
Charity name..
Charity reglstratlon number:
Company number:
Prlncipal address arbd registered office:
Irish Diaspora Foundation
1086775
04061￿23
I Irish Town Way
Cheetham Hill, Manchester
M8 OAE
Irish Diaspora Foundation is a company limited by guarantee not having any share capital.
Trustees'/Dirertor's ￿POnSIbl11t1eS
The TrusteeslDirectors are responsible for preparing 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 prepare the financial statements in accordance
with UK GAAP Igenerally accepted accounting practice)
Under company law directors must not approve the financial statements unle5$ they are satisfied
that they give true and fair view of state of affairs of the company and of profit and loss account
for that period.
In preparing these financial statements. directors are required to
select suitable accounting 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 accountin8 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 CompaniesArt 2006. They are responsible for safeguarding the assets ofthe company and
hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 3 of 19

Irtsh Diaspora Foundation
Trustees, and Dirertors, Report fof the Year ended 31 January 2023
Tru51eeslDirectors
At the date of approval of this report the charity trustees and directors were as follows
Paul Ezekiel Stanion
Michael Gerard Forde
Martin Connolly
Brian Bernard Kennedy
Martin Logan
Rose Agnes Morris
Trustees are appointed by majority vote of existing trustees/dirertors
Other relevant Information
Registered Office
I Irish Town Way
Cheetham Hill
Manchester
M8 OAE
Bankers
The Co Operative Bank PIC
PO Box 250
Skelmersdale
WN8 8NT
Structure. Governance and Management
l- Governing Document
The Foundation is a charitable company limited by guarantee. incorporated on 29 August 2000
and registered as a charity on 25 May 2￿1.
It was established under a memorandum of association which outlines Its objects and powers
and is governed under its articles of association It has a use of limited exemption.
In the event of the company being wound up members are required to contribute an amount
not exceeding £ l as detailed in the charity's memorandum and articles of association.
2-Introduction
The Irish Diaspora Foundation (IDFI is a registered charity founded in 20￿ and based at the
Irish World Heritage Centre. It5 aims and objectives are to advance education of the wider
community on all aspects of Irish Culture ènd Heritage. and the positive contribution of Irish
emigrants worldwide. This is achieved through promotion and development of Irish arts, history,
cultural heritage and sporting activities 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 bring appropriate knowledge and
and expertise to the board.
Page 4 of 19

Irish Diaspora Foundation
Truyees. and Director5. Report for the Year ended 31 January 2023
2.2- Staff
The Irish Diaspora Foundation employs three members of staff in an administrative capacity.
The positions of Culture and Education Officer and Cultural Support Officer have not yet been filled.
2.3-Volunteer5
The Irish Diaspora Foundation currently has 8 volunteers who often support delivery of cultural event5
and one-off projects.
3- Goal Soccer Centre
The sublet to Northwind 5s Ltd tla Goals S-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- Ongoing projects and activitles
4.1-Funding
During the year 3 rental has continued to be received from Goals 5-a-side football, and other organisations
and a rental was received until 31st August 2022 from NHS in connection with Covid 19 vaccinations.
4.2- Manchester Irish Centre Llmited
Manchester Irish Centre Limited (MICLI 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
Tn&stees' and Dirertors. Report for the Year ended 31 January 2023
4.3- Partnerships
The Trustees of the Irish Diaspora Foundation welcome every opportunity to work in partnership with
local. regional and national organisations, and particularly with the local cultural, charity and voluntary
sector. In addition, they are highly Committed to advancing the aims and objertives of the Foundation
through the provision of a diverse platform of activities with the education and learning sectors
locally and regionally. We believe that partnership leads to more effective and efficient operation,
and that the pooling of resources. experience and skills can bring enhanced delivery for the
Manchester Irish community and the general public who avail themselves of the charity.
The Irish Diaspora Foundation has well established partnerships with a large number of organisations
ranging from one-off consultations to ongoing project5 and activities. Pl?n5 to diversify our publics
and to extend the reach and depth of our engagement with the Irish Diaspora partnerships involves
greater collaboration with established and emergent sectors. This includes the burgeoning Festival
sector in Greater Manchester and other local ethnic Communities. During the past year, collaboration with
these organisations increased markedly from the previous year as demand and participation normalised
following the limited programme in the recovery after the Covid19 lockdown. More Irish World
Heritage based activities occurred. and those delivered on social media and video conferencing lessened.
The folEowing are examples of the charities and organisations we have collaborated with
over the past year.
Claddagh Association of Irish Dance", Conradh na Gaeilge. British Association of Irish Studies,
Manchester Metropolitan Universitv. Comhaltas in Britain. Manchester Citv Council.
LiverDool Institute of Irish Studies. Manchester Irish Festival. Ukrainian Centre Manchester.
Irish Youth Foundation. Centre for New WritinR - Universitv of Manchester. Manchester PiDe Band.
Lancashire GAA. St Wilfred's CCE. Irish TV in the UK. Manchester Irish Education Grouo.
Manchester Irish in Britain. Manchester Irish LanRua2e Group. AII FM Manchester Irish Radio.
Irish Step Dance GrouDS. Manchester Irish Writers. Irish Communitv Care Manchester.
Page 6 of 19

Irish Diaspora Foundation
Trustees, and Oirettors, Ret)ort for the Year ended 31 January 2023
4.4- Cultural and Education Programmes
The Irish Diaspora Foundation aims to provide a diverse programme of activities throughout the year
to attract members of the Irish community and other cultural groups.
The programmes delivered from February 2022 in the evening classes and workshops included
the Manchester Irish Writers. St Wilfred's traditional musicians, Conradh na Gaeilge Gaelic language,
Claddagh Association of Irish Dance for adults, Pipe Band practice. and the Manchester Irish Education
Group. The latter continued a regular input through meetings and classes. and co-ordinated the annual
National One Day Irish Conference in the March Irish Festival programme. and a memorial service
in November for the deceased members of the Irish community.
Participants from the other cultural classes took part in concerts. performances and the St Patrick's Day
Parade.
Varied activities were on offer for the Manchester Irish Festival. including the St Patrick's Dav
Parade from the IWHC to the Manchester Arena roundabout. It was well attended both in terms of
numbers actively involved. and of spectators along the four mile route.
Throughout the year Trustees, volunteers and cultural group leaders continued to provide social media
updates in order to maintain contact with the wider Irish community, and to enhance their
well-being and participation, as well as encouraging them back to the IWHC for social
entertainment and other activities. The local Irish Radio, all FM. and Irish TV in the UK, together with
the IWHC staff have been active in promoting the increasing number of events and activities on offer.
Page 7 of 19

Irish Diaspora Foundation
Trustees. and Directors, Report for the Year ended 31 January 2023
Financial Perfomiance
The Statement of Financial Activities is set out on page 10 and shows a deficit of £179.189
12022: a deficit of £8,185) on total income generated of £269,42912022= £298,110).
The Balance Sheet on page 11 shows total net assets of £506,61712022- £685,806). The net assets are split
between unrestricted and restricted funds. further detai15 of which can be seen in note 14 of these
financial statements.
The Irish Di35pora Foundation (the Charity} has continued to be challenged financially during the year,
with the legacy impact of Covid 19 on cultural and entertainrnent venues. the cessation of the rental
agreement with NHS part way through the financial year, the cost-of-living crisis. and other external
factors all having a negative effect on activities and the finances of the Charity.
The rent receivable under the NHS rental agreement during the period was £119,186 12022= £187,967)
A5 such the Board have considered the going concern basis of preparation of the 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 regime, section 419121 of the
Companies Act 2006.
Approved by the Board o
and signed on their behalf by
Brian Kennedy ITrusteel
Martin Connollv ITrusteel
Page 8 of 19

Irish Diaspora Foundation
Trustees. and DirectOfS' Report for the Year ended 31 January 2023
Independent Examiner's Report to the Trustees of Irish Diaspora Foundation
I report to the charity trustees on my examination of the accounts of the charity for Year ended
31 January 2023 which are set out on pages Ioto 19.
Respect responsibtlitles of trustees and examiner
As the charity's trustees of Irish Diaspora Foundation land also its directors for the purpose of
company lawl you are responsible for the preparation of accounts in accordance with the requirements
of the companies Act 2CK)61'the 2￿6 Act'l.
Having satisfied myself that the accounts of Irish Diaspora Foundation are not required to be audited
under part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my
examination of your charity's accounts as carried out under sertion 145 of the Charities Act 2011
I'the 2011 Act'l. In carrying out my examination I have followed the Dirertions given by the Charity
Commission under section 14515) Ibl of the 2011 Act.
Independent Examiner's statement
Since the Irish Diaspora Foundation's gross income exceeded £250.LXX). your Examiner must be a member
of a body listed in section 145 of the 2011 Charities Act. I confirm that l am qua14fied to undertake
the examination because l am a member of the Institute 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 connection
with the examination giving me cause to believe=
l- accounting records were not kept in respect of Irish Diaspora Foundation as required by section 386
of the 2c￿6 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 of the 2006 Act other
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 accounts have not been prepared in accordance with the methods and principle5 of the
Statement of Recommended Practice for the accounting and reporting by charities applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland IFRS 1021.
I would draw attention to note 1.1 on page 12 of the accounts which explains the material uncertainty
in respect of preparing these accounts on a Going Concern basis due to the current renegotiation of the
Charity's financing arrangement5. Although the Trustees are optimistic that the necessary funding will be
achieved, if the restructuring of the current loans is unsuccessful then it is unlikely that the Charity
can continue as a going concern.
Apartfrom the matter referred to in the preceding paragraph, I have no concerns and have come acr055
no other matters in connection 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.
Paul Roper IFCAI
McKellens Ltd
11 Riverview
The Embankment Business Park
Vale Road. Heaton Mersey
Stockport. SK4 3GN
Date:....
Page 9 of 19

Irish Diaspora Foundation
Trustees, and Dirertor5' Report for the Year ended 31 January 2023
Statement of Financial Activities for the Year ended 31 January 2023
Unrestritted Restrirted
Fund
Fund
2023
2023
Total
Funds
2023
Unrestricted Restricted
Fund
Fund
2022
2022
Total
Funds
2022
Note:
Incoming resources
Grants
Rent receivable
Irlsh government grant
Emigrant Support Programme
From charitable activities
Fund raising
4,000
265.429
12,0(K)
272,967
13,143
25,143
272.967
265,429
Totsl incoming resources
269.429
269,429
284.967
13,143
298.110
Less.. Resources expended
Charitable activities
Other Expenditure
4 {177.532) 1206.9581 1384.4901 {136,140) 1170,1351 1306.2751
Total resources expended
1177,5321 1206.958) {384.4901 1136.140) 1170.1351 1306.2751
Net lexpenditUfel/income for year
Net resources before other
recogni5ed gairtrs/{losses)
91,897 1206.9581 (115.0611
148,827 1156.9921
18,1651
91.897 1206.958) 1115.0611
148.827 1156.9921
18.165)
Other recognised gains/(lossesl
Provision for doubrful debt
Surplus on Revaluation
(267.182)
{267,182)
203,054
203.054
Net movement in fund
Reconcsliation of funds
Total funds brought forward
{175.28SI
13,9041 1179,1891
148,827 1156.9921
18,165}
390.201
295.605
685,806
241.374
452,597
693.971
Total funds brought forward
Net movement in funds in year
390.201
1175.2851
295,605
685.806
{3,904) 1179,1891
241,374
452,597
148.827 1156,9921
693.971
18,165)
Total funds carried forward
214.916
291.701
506,617
390,201
295,605
685,806
Page 10 of 19

Irish Diaspora Foundation
Trustees, and Directors, Report for the Year ended 31 january 2023
Balance Sheet as at 31 January 2023
Notes
2023
2022
Fixed assets
Tangible assets
Investments
Investment in subsidiary
Total fixed a55ets
1,272,995
1,325,(KJO
1,420.411
1,025,0(K)
io
2.597,996
2,445,412
Current a55ets
Debtors
Cash at bank and in hand
Total current assets
li
90.919
12.168
103.087
316,947
95,430
412.377
Creditors: Amount falling
due within one year
12
11.640.279)
11.581.704)
Net current assets1 (liabilitlesl
11.537.192)
11.169.327}
Totsl assets less Current liabilities
1,060.804
1,276,085
Creditors: Amounts falling due after
more than one year
13
1554,1871
{590,2791
Total net assets
506,617
685,806
Funds of charity
Unrestricted funds
Restricted funds
Total funds
14
214,916
291,701
506,617
390,201
295,605
685,806
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 obtsin an audit of its accounts for the year in question
in accordance with section 476 of the Companies Act 21J)6.
The directors acknowledge their responsibility for complying with the requirements of the Act with
respect to accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies
subject to the small companies regime.
Approved by the Trustees o
and signed on their behalf
Brian Kennedy (Trusteel
Martin Connolly (Trust
Pa8e 11 of 19

Irish DiaspoTa Foundation
Trustees, and Directors, Report for the Year ended 31 January 2023
Notes to the Financial Statements for the Year ended 31 January 2023
l-Ba5is of Preparation
1.1 Going concern
The Trustees have prepared these Financial Statements on a Goin8 Concern basis, with material uncertainty.
The material uncertainty relates to the fact that the Charity has a commitment to a bullet repayment of
circa £560K in respect of a bank loan, which is due in September 2024.
The Trustees are currently in discussion with an existing stakeholder with a view to restructuring the
entire debt on the Balance Sheet in order to repay the bank debt in full. with that stakeholder taking over
all the debt. It is anticipated that the debt would be restructured over timescales, and with interest and
repayment terms that are more advantageous to the Charity.
If the bank debt is repaid in full as part of this restructure. the Trustees believe that the Charity 15 a going
concern and will continue to trade for a period of at le35t twelve months from the date of approval of
these Financial Statements. If the debt is not restrurtured. it is unlikely that sufficient funds will be
available to make the bullet payment. hence the material uncertainty.
On the basis that the debt is restructured. the Trustees have reviewed the projetted financial cornmitrnents
and cash flows for the next twelve months. and they consider that the Charity's income, together with the
contribution towards central costs from its trading subsidiary. are sufficient to cover its costs until
at least January 2025.
IDF has contracts providin8 medium to long term rental income from Goals soccer centre, Metrolink parking
and Beacon NHS scanner unit, which underpin the Board's financial assumptions. The Trustees are also
exploring the possibility of granting a long term sub-lease on a portion of the land to a local business to
further strengthen the future annual guaranteed income stream.
On the basis outlined above, and subject to the satisfrdctory debt restructure, the 803rd are of the opinion
that IDF will have sufficient resources to continue to service its activities for at least a further twelve
months from the date of approval of these Financial Statements.
The Trustees therefore believe that the Charity can operate as a going concern. but with material
uncertsinty. and the Financial Statements have accordingly been prepared on that basis.
1.2 Basi5 of preparatlon of Financial Ststements
The financial statements have been prepared in accordance with the Charities SORP IFRS 1021- Accounting
and Reporting by Charitie5: Statement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland
IFRS 1021. effective l January 2019, and the Companies Act 2006.
The Charity meets the definition of a public benefit entity under FRS 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 restriction5 on their expenditure imposed by the donor or through
the term5 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.
Page 12 of 19

Irish Diaspora Foundation
Trustees. and Directors, Report for the Year ended 31 January 2023
2- Accounting Policies
2.1- Incoming resources
a)- All incoming resources are included in the statement of financial artivities (SOFA) when the charity
is 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.
b)-Where incoming resources have related expenditure l e. g with fundraising or contract income) the
attributable resource5 and expenditure are reported gr055 in the SOFA.
c)-Grants and donations are only included in the SOFA when the charity has unconditional entitlement
to the resources.
d) Contractual income and performance related grants are only included in the SOFA once goods
have been delivered/performed.
e) Gifts 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.
f) Donated services and facilities 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 resources.
2.2- Resources expended
a) Expenditure is recognised on an accrual basis as a liability is incurred.
b) Charitable expenditure comprises those costs incurfed 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.
cl Governance costs include costs a550ciated with meeting the constitutional and statutory
requirements of the charity and could include the costs of preparation and audit or independent
examination of statutory accounts, cost of trustees, meetings and of legal and professional advice.
d) Capital grants are presented ir) the accounts a5 incoming resources. The depreciation of the fixed
assets is recognised in the SOFP against the associated fund.
e) All costs are allocated between the appropriate expenditure cate8ories of 50FA on a basis designed
to reflect the use of resources. Costs relating to a particular activity are allocated directly. others are
apportioned on an appropriate basis.
2.3- 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 a 250 year
lease commencing on 20June 2012 from the Manchester City Council.
Fixed assets with a value less than £1￿ are not capitalised.
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
IO% straight line
Pa8e 13 of 19

Irish Diaspora Foundation
Tru5tees' and Directors, Report for the Year ended 31 January 2023
3- Incoming resources from activities to further the charity's objects
Total
2023
Total
2022
Unrestricted Restrirted
Unrestricted Restricted
3.1 Grants (individual sources
in excess of £IO.000 pal
12,000
22,000
3.2 The Irish Government
3.2.Grants (individual sources
less than of £IO.000 pal
3,143
3.143
4,000
12,000
13,143
25,143
4- Totsl ￿$Our(e5 expended
Total
2023
Total
2022
Unrestricted Restricted
Unrestricted Restricted
4.1 Staff wages
4.2 Light, Heat and insurance
4.3 Accountancy, & professional fees
4 .4 Stationery, postage, advertising
4.5 8ank charges and interest
4.6 Maintenance and Repairs
4.7 Charitable purpose expenditure
4.8 Miscellaneous
4.9 Depreciation
79,695
71,547
601
3.826
474
4,194
38.525
324
83,889
110,072
925
5.886
92,174
32,906
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
7.848
69,692
32,435
91.71X]
11.517
21.389
9.358
9,358
61,864
58.638
58,638
61,864
177,532
206,958
384.490
136.140
170,135
306.275
5- Net incorning resources for the year
2023
2022
This is stated after charging:
Depreciation
Impairmentllsurplus) on Revaluation
Governance costs
Independent examiner's fee
58.638
{203.OS41
61,864
925
(143.4911
850
62,714
2023
2022
6.1 Staff costs
Gross salaries/waEes and benefits in kind
Employer's national insurance contributions
Employer's Pension Contributions
80.212
2,720
957
83,889
67,449
5,294
978
73,721
Page 14 of 19

Irish Diaspora Foundation
Trustees. and DI￿¢10r5. Report for the Year ended 31 January 2023
6.2 Average number of fvlftime equivalent
2023
2022
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 emoluments above £60.IXM).
7- Trustee5 rernuneration and related party transactions
7.1 Neither the trustees nor any person connected to them have received any remuneration or
payment for individual expenses during the period12022 £Nill
7.2 Manchester Iwi5h Centre Ltd
Manchester Irish Centre Ltd is a mutual society which works closely with Irish Diaspora Foundation.
It operates out of the property known as the Irish World Heritage Centre on a rent free basis.
The two entities have several mutual trustees.
At 31 January 2023, there was a balance of£267.18212022- £267.182) due from
Manchester Irish Centre Ltd.
In the opinion of the Trustees this debt is unlikely to be recoverable. and full provision has
therefore been made in these Financial Statements.
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 commenced trading on 4th February 2022.
At 31January 2023. there was a balance of£39.266 due from Irish Town Manchester Limited.
Group accounts have not been prepared on the basis that the group is a small group as set out
in S383 Companies Art 2006 and the Charities SORP.
Page 15 of 19

Irish Diaspora FoundatioTr
Trustees, and Directors. Report for the Year ended 31 January 2023
8- Tanglble Flxed Assets
Long
Lease1￿Id
Premises
Fixty￿S
and
Fittings
Total
Cost
As at 31 January 2022
Additions
Revaluation
As at 31 J3nuary 2023
I.425.{￿7
277,122 1,702.122
8.168
8,168
1170,0001
285,290 1,540,290
1170,CI)01
1.255,CrfJO
Oepreciatlon
A5 at 31 January 2022
Charged this period
Revaluation
As at 31 January 2023
38,902
34,152
173,OS4}
242,809
24.486
281,711
58.638
173.0541
267,295
267,295
Net book value
As at 31 January 2023
As at 31 January 2022
1.255,LKK)
1.386.098
17.995 1.272,995
34.313 1.420,411
The leasehold property was valued on 22 June 2023 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 is incorporated
in these Financial Statements to 31 January 2023.
Depreciation on Long Leasehold Premises has been provided for the year.
The Trustees do not consider that the value of the leasehold property has changed significantly
between 31st January 2023 and the date of valuation. This valuation has accordingly been
incorporated in these Financial Statements.
Page 16 of 19

Irish Diaspora Foundation
Tru5tees' and Directors, Report for the Year ended 31 January 2023
Historical Costs
Fixed assets shown at revalued amounts would normally have been shown at cost as follows
Long Leasehold
Premises £
Total
As at 31 January 2022
Additions
Asat 31January2023
4.864,937
4,864,937
4.864,937
4.864,937
Depreciation
As at 31 January2022
Charged for Year
As at 31January 2023
843.477
97.298
940,775
843.477
97,298
940.775
Net book value
As at 31 January 2023
As at 31 January 2022
3.924,162
4,021.460
3,924.162
4,021,460
9-fixed Assets Investment
2023
2022
Land leased to Northwind 5s Ltd
1.325.OlX)
1,025.(Krf)
Part of the land attached to the Irish World Heritage Centre has been sublet to Northwind 5$ Ltd tla
Goals at an annual rent of £75.504. This land was valued on 22 June 2023 together with the
Leasehold Property, and this valuation has been incorporated in the Financial Statements
to 31st January 2023.
Il>lnvestment in Subsidiary Undertaklng
2023
2022
Irish Town Manchester Limited
The Company is a ILM￿ wholly owned subsidiary of Irish Diaspora Foundation. and was
incorporated on 3rd December 2021 (number 137813311.
The Company's registered office is I Irish Town Way. Cheetham Hill. Manchester M8 OAE.
Trading commenced on 4th February 2022, and the principal activity is the provision of hospitality
services. including catering, bar. venue hire and funrtion facilities.
The company'$10s5 for the year ended 31st January 2023 was £8.306. and its net liabilities at that
date were £8,305.
Paee 17 of 19

Irish Diaspora Foundation
Tru5tees' and Directors, Report for the Year ended 31 January 2023
11- Debtors
Amount falling due within one year
Trade debtors
Other Debtors
Accrued Incorne
Amount owed by group and associated undertakings
Provision for doubtful debt from associated company
2023
2022
36.097
15,556
306,448
1267,1821
90,919
24,177
10,000
282,770
316,947
12- Creditors . amounts falling due within one year
2023
2022
Bank Loans and overdrafts
Loan from Manchester City Council
Trade and expense creditors
Social security and other taxes
Other creditors and accruals
40,843
1.555.540
28.743
3,855
11,298
1,640,279
44,876
1.493,329
21.227
14,250
8,022
1,581,704
At 31st January 2023, the loan from Manchester City Council included atcrued interest of £397,874
The accrued interest amount is for the last eight years since the Start of the loan in January 2015.
The loan from Manchester City Council is secured by debenture dated 20 January 201S which includes
a fixed charge over all the borrowers, right. title and interest in the existing rent account subject to
the deed of prioritie5 held by the Co operative Bank plc.
The loan from Manchester City Council is repayable on demand.
1> Credltors '. amounts falling due after more than one year
2023
2022
Bank loans
554,187
554,187
590,279
590,279
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 a150 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 is a full unlimited cross company guarantee between Irish Diaspora Foundation
and Manchester Irish Centre Limited.
Page 18 of 19

Irish Dlaspora Foundation
Trustees, and Dirertors, Report for the Year ended 31 January 2023
Bank Loans
2023
2022
Repayable in one year or less Of on demand
Repayable between one and two years
Repayable between two and five years
Repayable in five years or more
40.843
554,187
44.876
46,583
543,696
595,030
635,155
14- Funds Held
Balance
B/F
Incoming
Outgoing Other gains
Resources Resources
& losses
Balance
CIF
Restricted Fund
Emigrant and community
support fund
Property fund
51.160
244.445
51,160
240,541
{172.8061
168.902
Unrestricted Fund
390,201
269,429 {177.5321 1267.1821
214,916
685,806
269,429
1350,3381
98,280
506,617
The Emigrant and Community Support Fund relates to income received specificallv
to cover wages and other costs incurred under the 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
relating to its refurbishment and other colls.
15- Assets held
Restricted Unrestricted
Funds
Funds
Tangible Fixed Assets
Investments
Current Assets
Current Liabilities
Creditors over l Year
1.255.000
1,325,(K)O
17.995
1.272,995
1.325,C(11
240.816
11.778,CQ81
1554,1871
240,816
11.734.112) 143.896)
1554,1871
291,701
214,916
506,617
Page 19 of 19