Irlsh Diaspora Foundatlon
Trustees, and Directors, Report for the Year ended 31 January 2025
Irish Diaspora Foundation
(A company limited by guarantee)
Trustees, and Directors, Report and Accounts
for Year ended 31 January 2025
*AEDVSIFN*
2411012025
COMPANIES HOUSE
A12
#125
Company number 04060923 (England and Wales)
Charity number 1086775
Page l of 19

Irish Dlaspora Foundation
Trustees, and Directors, Report for the Year ended 31 January 2025
Contents
Page
Trustees'/Directors' Annual Report
Independent Examiner's Report
Statement of Financial Activities
10
Balance Sheet
11
Notes to Financial Statements
12-19.
Pa8e 2 of 19

Irish Diaspora Foundation
Trustees, and Directors, Report for the Year ended 31 January 2025
The Trustees present their Annual Report and the Directors, Report (as required by company law)
together with Financial Statements for the year ended 31 January 2025.
Reference and Administration details
Charity name:
Charity registration number:
Company number:
Prlncipal address and registered office:
Irish Diaspora Foundation
1086775
04060923
I Irish Town Way
Cheetham Hill. Manchester
M8 OAE
Irish Diaspora Foundation is a company limited by guarantee not having any share capital.
Trustees'/Director's responsibilities
The Trustees/Directors are responsible for preparing the directors, report and the financSal statements in
accordance with applicable law and regulations.
The company law requires the directors to prepare the financtal statements for each financial
year. Under the law director5 have elected to prepare the financial statements in accordance
with UK GAAP (generally accepted accounting practice)
Under company law directors must not approve the financial statements unless 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 financlal statements, directors are required to
select suitable accounting policies arbd 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 dlrectors 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 2006. They are responsible for safeguarding the assets of the company and
hence for takin8 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 2025
Trustees/Dirertors
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
Michael Gorman
Tyustees are appointed by majority vote of exlstlng trusteesldlrectors
Other relevant Informatlon
Reglstered Office
I Irlsh Town Way
Cheetham Hlll
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 2001.
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-Introductlon
The Irish Diaspora Foundation {IDFI is a registered charity founded in 2000 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 activities at the Irish World heritage Centre and by working in
partnershlp with other Irlsh organisations and community groups.
2.1- Board of Trustees
The Board of Trustees consists of seven people. all of whom bring appropriate knowledge and
and expertise to the board.
Page 4 of 19

Irish Diaspora Foundation
Trustees, and Directors, Report for the Year ended 31 January 2025
2.2- Staff
The Irish Diaspora Foundation employs three members of staff in an administrative capacity.
2.3-Volunteers
The Irish Diaspora Foundation currently has 8 volunteers who often support delivery of cultural events
and one-off projects.
3- Goal Soccer Centre
The sublet to Northwind 5$ Ltd tla Goals 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.
On8olng projects and actlvltles
4.1-Fundlng
During the year rentals have continued to be received from Goals 5-a-side football, and other or8anisations.
4.2- Manchester Irish Centre Limited
Manchester Irish Centre Limited (MICL) is a mutual society (registered number 24907R)
This society works closely with the Irish Diaspora Foundation(IDFI 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 thelr
joint lease.
Page 5 of 19

Irish Dlaspora Foundation
Trustees, and Directors, Report for the Year ended 31 January 2025
4.3- Partnerships
The Trustees of the Irish Diaspor3 Foundation welcome every opportunity to work in partnership with
local, regional and national organisations, and in particular with the local educational and cultural
groups, charities and the voluntary sector. We are highly committed to advancing the aims and objectives
of the Irish Diaspora Foundation by informing the public about the heritage of Ireland and its history
in dance, music, literature, art and sport. A diverse programme of activities with schools, colleges and
universities, locally and nationally, is provided by the charltv.
We believe that partnerships lead to more effective and efficient operation. The pooling of resources,
experSences and skills can lead to enhanced delivery for the Manchester Irish community, the general
public and other local ethnic groups and funders, who avail themselves of the charity.
During the past year, collaboration with these organisations increased significantly from the previous
year as demand and participation continued to normalise following the previous years of limited
programmes in the recovery after the lockdown and on-going cost of living problems.
Cultural organisations, artists and charities that have collaberated wlth the Irlsh Dlaspora Foundation
on projects and performances over the past year at the Irish World Heritage Centre include:
Claddagh Association of Irish Dance, Conradh na Gaeilge, Irish in Britain,
Manchester Metropolitan Universitv. Comhaltas in Britain Manchester Branch. Manchester Citv Council.
Liverpool Institute of Irish Studies. Manchester Irish Festival. Ukrainian Centre Manchester.
Irish Youth Foundation, Centre for New WritinR - Universitv of Manchester, Manchester Pipe Band.
Lancashire GAA. St Wilfred's CCE. Irish TV in the UK. Manchester Irish Education Group,
Manchester Irish LanouaRe Group. Modern. Folk. C&W and traditional music GrouDS and Show Bands
Irish SteD and Dance GrouDS. Manchester Irish Writers. Irish Communitv Care Manchester,
The Anthony Burgess Centre, Manchester Central Library, Working Class Movement Library,
Manchester City of Literature, Manchester cultural Partnership, Manchester Histories,
Hawkseed Theatre, TALIHA Podcasts, Celtic Thoughts, Irish Mancunian
Page 6 of 19

Irish Diaspora Foundation
Trustees, and Directors, Report for the Year ended 31 January 2025
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 2024 included the evening classes and workshops coordinated by
the Manchester Irish Writers, St Wilfred's traditional musicians, Conradh na Gaeilge Gaelic Irish language
group, Claddagh Association of Irish dance for adults, Irish Step Dance classes for young people, Pipe
Band practice, and also academic presentations by the 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 and St Patrick's Gaelic Mass in the March Irlsh Festival programme,
and a memorial service in November for the deceased members of the Irish communitv.
Participants from the other cultural classes took part in concerts, performances and the St Patrick's Day
Parade, preceded by Gaelic Mass.
A varied programme of events was on offer for the Manchester Irish Festival Includin8 the St Patrick's Day
Parade from the Irlsh World Herltage Centre. It was well attended both In terms of numbers participating,
and those viewing along the four mile route. The parade was led by a number of civic dignitaries
representing Manchester City Council, Trafford and Salford Councils, together with the High Sheriff
of Greater Manchester and the Consulate General of Ireland for the North of England.
Irish Community Care continued to provide a weekly luncheon activity for the over 50's together with
facilities for advisory services.
Television programmes showing GAA football, Hurling, Soccer and Rugby matches are available
to members, friends and customers generally in the Wild Geese Bar.
Throughout the year Trustees, volunteers and cultural group leaders again provSded Social media
updates in order to maintain contact with the wider Irish community, and to enhance and promote their
well-being, as well as encouraging them to enjoy the facilities at Irish World Heritage Centre for social
entertainment and other events. The local Irish Radio, all FM, and Irish TV in the UK, together with
the IWHC staff continued to advertise and promote the increasing programme of events and services
being held at the Irish World Heritage Centre.
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Irish Diaspora Foundation
Twstees, and Directors, Report for the Year ended 31 January 2025
Financial Performance
The Statement of Financial Activities is set out on page 10 and shows a deficit of £157,055
12024: £184,821) on total income generated of £307,181 (2024: £240.949).
The Balance Sheet on page 11 shows total net assets of £164.741 {2024: £321,796). The net assets are split
between unrestricted and restricted funds, further details of which can be seen in note 14 of these
financial statements.
The Irish Diaspora Foundation {the Charity) has continued to be challenged financially during the year,
with the legacy impact of Covid 19 on cultural and entertainment venues, the cessation of the rental
agreement with NHS in 2022, the cost-of-living crisis, and other external factors all having
negative effect on activities and the finances of the Charitv.
As such the Board have considered the going concern basis of preparation of the Financial Statements,
further detai15 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 419 (21 of the
Companies Act 2006.
Approved by the Board on
and signed on their behalf by
Brian Kennedy (Trusteel
Martin Connollv ITrustee)
Page 8 of 19

Irish Diaspora Foundation
Trustees, and Directors, Report for the Year ended 31 January 2025
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 2024 which are set out on pages 10 to 19.
Respect responsibilities of trustees and examiner
As the charity's trustees of Irish Diaspora Foundation land also its director5 for the purpose of
company law) you are responsible for the preparation of accounts in accordance wlth the requirements
of the companies Act 2006 ('the 2006 Act,).
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 section 145 of the Charities Act 2011
('the 2011 Act'}. In carrying out my examination I have followed the Directions given by the Charity
Commission under section 14S {5) Ib) of the 2011 Act.
Independent Examiner's statement
Since the Irish Diaspora Foundation's gross 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 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 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 of the 2006 Act other
than any requirement that the accounts glve 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 principles 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 102).
I have no concerns and have come across 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 {FCA)
McKellens Ltd
11 Rivep4iew
The Embankment Business Park
Vale Road. Heaton Mersey
Stockport, SK4 3GN
Page 9 of 19

Irlsh Dlaspora Foundatlon
Trustees, and Directors, Report for the Year ended 31 January 2025
Statement of Financial Actlvitles for the Year ended 31 January 2025
Unrestricted Restrlcted
Fund
Fund
2025
2025
Total
Funds
2025
Unrestricted Restricted
Fund
Fund
2024
2024
Total
Funds
2024
Note:
Incoming resources
Grants
Rent receivable
Donation
Irlsh government grant
Emigrant Support Programme
From charitable actlvities
Fund raising
15,000
150,949
75,000
15,000
150,949
75,000
165,956
141,225
165,956
141,225
Total incoming resources
307,181
307,181
240,949
240,949
Less.. Resources expended
Charltable actlvltles
Other Expendlture
4 {250,4371 (213,799) 1464,236) {186,684) {239,086) {425,770)
Total resources expended
{250,4371 (213,799) 1464,236) {186,6841 {239,086) {425,770)
Net {expenditure)/income for year
Net resources before other
recognised gains/llosses1
56,744 (213,799) 1157,055)
54,265 {239,086) {184,821)
56,744 (213,799) {157,0551
54,265 (239,086} (184,8211
Other recognlsed galn51(losses)
Provision for doubtful debt
Surplus on Revaluation
Net movement in fund
Reconciliation of funds
Total funds brought forward
56,744 (213,799) 1157,055)
54,265 (239,086) {184,821)
269,181
52,615
321,796
214,916
291,701
506,617
Total funds brought forward
Net movement in funds in year
Fund Transfer
269,181
52,615
321,796
56,744 (213,799) {157,055)
(212,344)
212,344
214,916
291,701
506,617
54,265 (239,086) (184,821)
Total funds carried forward
113,581
51,160
164,741
269,181
52,615
321,796
Page 10 of 19

Irish Diaspora Foundation
Trustees, and Directors, Report for the Year ended 31 January 2025
Balance Sheet a5 at 31 January 2025
Notes
2025
2024
Flxed assets
Tangible assets
Investments
Investment in subsidiary
Total fixed assets
1,211,231
1,325,000
1,239,880
1,325,000
10
2,536,232
2,564,881
Current assets
Debtors
Cash at bank and in hand
Total current assets
li
37,413
1,399
38,812
36,233
2,126
38,359
Creditors: Amount falling
due withln one year
12
{2,410,303)
12,281,444)
Net current assets / (Ilabllltles)
12,371,491)
{2,243,08S)
Total assets less current liabilities
164,741
321,796
Creditors." Amounts falling due after
more than one year
13
Total net assets
164,741
321,796
Funds of charlty
Unrestricted funds
Restricted funds
Total funds
14
113,581
51,160
164,741
269,181
52,615
321,796
For the financial year in question the company was entitled to exemptlon 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 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 onlc O(!JlfL .1.02
and signed on their behalf
Brian Kennedy (Trus
Martin Connolly {Trustee}
Page 11 of 19

Ir5sh Dlaspora Foundation
Trustees, and Direttors, Report for the Year ended 31 January 2025
Notes to the Flnanclal Statements for the Year ended 31 January 2025
l.l-Basis of Preparation
The Trustees have prepared these Financial Statements on a Going Concern basis.
The Charlty had a commitment to a bullet repayment of clrca £SSIK In respect of a bank loan, which was
due in September 2024.
The Trustees worked hard to secure the future of the Centre via discussions with an existing
stakeholder with a view to restructuring the entire debt on the Balance Sheet in order to repay
the £551K bullet bank debt in full, with that stakeholder taking over all the debt.
The Trustees are pleased to report that the bullet payment was made, funded by a new loan from
that stakeholder, which has secured the longer-term future of the Charity.
On the basis that the debt will be restructured, the Trustees have further reviewed the projected
financial commitments and cash flows for twelve months from the date of approval of these
Financial Statements.
The Trustees consider that the Charity's income, together wlth the contrlbution to central costs
from its trading subsidiary, are sufficient to cover the Charity's costs until at least October 2026.
Irish Diaspora Foundation has contracts and agreements providing medium to long term rental income
from Goals Soccer Centre, Metrolink parking and Beacon Medical Services NHS scanner unit, which
underpin the Board's financial assumptions. In addition, the Trustees are continuing to negotiate
the grantln8 of a lon8-term sub-lease on a portion of the land to a local leisure business to further
strengthen the future annual guaranteed income stream.
As the bank debt has now been repaid in full , the Trustees believe that the Charity is a going concern,
and will continue to trade for a period of at least twelve months from the date of approval of
these Financial Statements.
1.2 Basis of preparation of Financial Statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 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
(FRS 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 policv.
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
objectlves 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.
Page 12 of 19

Irish Diaspora Foundation
Trustees, and Directors, Report for the Year ended 31 January 2025
2- Accounting Policle5
2.1- Incoming resources
a)- All incoming resources are included In the statement of financial activities (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 ( e. g with fundraising or contract income) the
attributable resources and expenditure are reported gross in the SOFA.
c)-Grants and donations are only included in the SOFA when the charity ha5 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) 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.
fj 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 15 not recognised in these accounts.
h) Foreign currencies: transactions In forelgn currencies are translated into sterling at the rate rulin8
on the date of the transaction. Exchange differences are taken into account in arriving at net
incoming resources.
2.2- Resources expended
a) Expendlture is recognised on an accrual basis as a liability 15 incurred.
b) Charitable expenditure comprises those costs incurred by the charlty 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 meetin8 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, meetin85 and of legal and professlonal advice.
d) Capital grants are presented in the accounts as 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 categories of SOFA on a basis designed
to reflect the use of resources. Costs relatir)8 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 20 June 2012 from the Manchester City Council.
Fixed assets with a value less than £100 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 Foundatlon
Trustees, and Directors, Report for the Year ended 31 January 2025
3- Incoming resources from activities to further the charity's objects
Total
2025
Total
2024
Unrestricted Restricted
Unrestricted Restricted
3.1 Grants {individual sources
in excess of £10,000 pa)
3.2 The Irish Government
15,000
3.2 Grants (individual sources
less than of £10,000 pa)
15,000
4- Total resources expended
Total
2025
Total
2024
Unrestrlcted Restricted
Unrestrlcted Restricted
4.1 Staff wages
4.2 Light, Heat and Insurance etc
4.3 Accountancy, & professional fees
4.4 Stationery, postage, advertising
4.5 Bank charges and interest
4.6 Maintenance and Repairs
4.7 Miscellaneous
4.8 Depreciation
96,635
126,004
9,690
5,945
778
11,385
96,635
148,239
9,690
5,945
156,069
13,393
80,235
85,643
3,920
3,902
496
12,488
4,233
46,115
2,110
2,100
143,868
6,725
84,468
131,758
6,030
6,002
144,364
19,213
22,235
155,291
2,008
34,265
34,265
33,935
33,935
250,437
213,799
464,236
186,684
239,086
425,770
5- Net Incoming resources for the year
2025
2024
This is stated after charging:
Depreciation
Impairment/(Surplusl on Revaluation
Governance costs .
Independent examiner's fee
34,265
33,935
1, 195
35,460
1,195
35,130
2025
2024
6.1 Staff costs
Gross salaries/wages and benefits in kind
Employer's national insurance contributions
Employer's Pension Contributions
91,430
3,852
1,353
96,635
81,007
2,413
1.048
84,468
Page 14 of 19

Irish Diaspora Foundation
Trustees, and Directors, Report for the Year ended 31 January 2025
6.2 Average number of fulltlme equlvalent
2025
2024
Employees in the year
6.3 Staff Penslon Scheme
The charity operates a defined contribution pension schemes for its employees. The charity started
the pension scheme from Oct 2017. The People's Pension 15 the workplace pension provider for the charity.
6.4 There are no employees with emoluments above £60,000.
7- Trustees remuneration and related party transactlons
7.1 Neither the trustees nor any person connected to them have received any remuneration or
payment for individual expenses during the period (2024 . £Nil)
7.2 Manchester Irlsh 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 2025, there was a balance of £267,182 {2024- £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 the Accounts.
7.3 Irlsh 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 31 January 2025, there was a balance of £58,185 due to 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 Act 2006 and the Charities SORP.
Page 15 of 19

Irish Diaspora Foundatlon
Trustees, and Directors. Report for the Year ended 31 January 2025
8- Tanglble Fixed Assets
Long
Leasehold
Premises
Fixtures
and
Fittings
Total
Cost
As at 31 January 2024
Additions
Revaluation
As at 31 January 2025
1,255,000
286,110 1,541,110
5,616
5,616
1,255,000
291,726 1,546,726
Depreciation
As at 31 January 2024
Charged this period
Revaluation
As at 31 January 2025
31,705
31,705
269,525
2,560
301,230
34,26S
63,410
272,085
335,495
Net book value
As at 31 January 2025
As at 31 January 2024
1,191,590
1,223,295
19,641 1,211,231
16,585 1,239,880
The leasehold property was valued on 22 June 2023 by a natlonal 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 2023.
Depreciation on Long Leasehold Premlses has been provided for the year.
The Trustees do not consider that the value of the leasehold property has changed significantlv
since the date of the revaluation.
Page 16 of 19

Irlsh Dlaspora Foundation
Trustees, and Directors, Report for the Year ended 31 January 2025
Hirtorical Costs
Fixed assets shown at revalued amounts would normally have been shown at cost as follows
Long Leasehold
Premises £
Total
Cost
As at 31 January 2024
Additions
As at 31 January 2025
4,864,937
4,864.937
4,864,937
4,864,937
Depreclatlon
As at 31 January 2024
Charged for Year
As at 31 January 2025
1,038,073
97,298
1,135,371
1,038,073
97,298
1,135,371
Net book value
As at 31 January 2025
As at 31 January 2024
3,729,566
3,826,864
3,729,566
3,826,864
9-Flxed Assets Investment
2025
2024
Land leased to Northwind 5s Ltd
1,325,000
1,325.000
Part of the land attached to the Irish World Heritage Centre has been sublet to Northwind 5s Ltd t/a
Goals at a current annual rent of £91,862. This land was valued on 22 June 2023 together with the
Leasehold Property, and this valuation was incorporated in the Financial Statements
to 31st January 2023. The lease end date Is 2138.
10-Investment In Subsldiary Undertakin8
2025
2024
Irish Town Manchester Limited
The Company is a 100% wholly owned subsidiary of Irish Diaspora Foundation, and was
incorporated on 3rd December 2021 (number 13781331}.
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 hospitalitv
services, including catering, bar, venue hire and function facilities for the Irish and wider communities.
The company's profit, after taxation, for the year ended 31st January 2025 was £8,845, and its net assets
at that date were £13,025
During the year donations amounting to £140,000 were made to Irish Diaspora Foundation
by Irish Town Manchester Limited.
Page 17 of 19

Irish Diaspora Foundation
Trustees, and Directors, Report for the Year ended 31 January 2025
11- Debtors
Amount falling due wlthln one year
Trade debtors
Other Debtors and Prepayments
Accrued Income
Amount owed by group and associated undertakings
Provision for doubtful debt from associated company
2025
2024
34,67S
2,738
267,182
{267,182)
37,413
33,188
3,045
267,182
{267,182)
36,233
12- Creditors . amounts falling due withln one year
2025
2024
Bank Loans and overdrafts
Loans from Manchester City Council
Trade and expense creditors
Social security and other taxes
Other creditors and accruals
Amount owed to group and associated undertakings
561,420
1,652,910
29,725
3,755
13,467
20,167
2,281,444
2,304,941
29,688
7,464
10,025
58,185
2,410,303
At 31st January 2025, the original loan from Manchester City Council included accrued interest of £606,970
The accrued interest amount is for the last ten years since the start of the loan in January 2015.
This loan from Manchester City Council is secured by debenture dated 20 January 2015 which includes
fixed charge over all the borrowers, right, title and interest in the existing rent account.
This loan from Manchester Clty Councll Is repayable on demand.
At 31st January 2025, the new loan from Manchester City Council included accrued interest of £16,668,
accrued since the date of the loan, 10th September 2024.
Monthly repayments of this loan are being made at an ageed rate, and the balance of the loan is
repayable on demand.
Thls loan is secured in accordance with the above debenture dated 20 January 2015.
Page 18.of 19

Irish Diaspora Foundatlon
Trustees, and Directors, Report for the Year ended 31 January 2025
13- Creditors . amounts falllng due after more than one year
2025
2024
Bank loans
Bank Loans
2025
2024
Repayable in one year or less or on demand
561,420
The 8ank Loan was fully repaid on 10th September 2024.
14- Funds Held
Balance
8/F
Incoming
Outgoing
Resources Resources
Fund
Transfer
Balance
CIF
Restrlcted Fund
Emigrant and communitv
support fund
Property fund
51,160
1,455
51,160
1213,799)
212,344
Unrestricted Fund
269,181
307,181 {250,437) 1212,3441
113,581
321,796
307,181
1464,236)
164,741
The Emlgrant 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 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 costs.
Page 19 of 19