||||Pages| |---|---|---|---| |Trustees'
Annual
Report|||2to 3| |Independent
Examiner's|Report||| |Statement of Financial Activities|||| |Summary
Income and Expenditure||Account|| |Balance Sheet|||| |Statement ofCash flows|||| |Notes to the Accounts|||9to 17| |Detailed Statement of Financial Activities|||18to 19| ## ## ## ## ## ## ## ## ## ## ## ## |for the period ended 30Sept|ember 2023|||| |---|---|---|---|---| |||Unrestricted||| |||funds|Total funds|Total funds| |||2023|2023|2022| ||Notes|||| |Income and endowments||||| |from:||||| |Charitable
activities||157,236|157,236|269,444| |Other trading
activities||38,582|38,582|17,877| |Total||195,818|195,818|287,321| |Expenditure
on:||||| |Raising funds||3,006|3,006|4,696| |Charitable
activities||224,797|224,797|137,083| |Other||92,941|92,941|49,351| |Total||320,744|320,744|191,130| |Net gains on investments||||| |Net (expenditure)/income||(124,926)|(124,926)|96,191| |Transfers between
funds||||| |Net (expenditure)/income
before other gains/(losses)||(124,926)|(124,926)|96,191| |Other gains and losses||||| |Net movement
in funds||(124,926)|(124,926)|96,191| |Reconciliation
offunds:||||| |Total funds brought
forward||455,983|455,983|359,791| |Total funds carried forward||331,057|331,057|455,982| |||||2023|2022| |---|---|---|---|---|---| |||||f|E| |Income||||195,818|287,321| |Gross income|for|the pedod||195,818|287,321| |Expenditure||||320,295|190,757| |Depreciation|and|charges for|||| |impairment
offixed assets||||449|373| |Total expenditure||for the|period|320,744|191,130| |Net (expenditure)/income|||before tax||| |for the period||||(124,926)|96,191| |Net (expenditure
period||)/income for the||(124,926)|96,191| ## |Company
No.|05047890|05047890|05047890|Notes|2023|2022| |---|---|---|---|---|---|---| |||||||E| |Fixed assets||||||| |Tangible assets||||11|263,488|262,576| ||||||263,488|262,576| |Current assets||||||| |Debtors||||12|4,158|552| |Cash at bank|and||in hand||66,208|198,460| ||||||70,366|199,012| |Creditors: Amount||falling due within one year||13|(2,797)|(5,605)| |Net current assets|||||67,569|193,407| |Total assets less|current liabilities||||331,057|455,983| |Net assets excluding|||pension asset or liability||331,057|455,983| |Tota I net assets|||||331,057|455,983| |The funds ofthe|charity|||||| |Restricted funds||||14||| |Unrestricted
funds||||14||| |Designated
funds|||||331,057|455,983| ||||||331,057|455,983| |Reserves||||14||| |Total funds|||||331,057|455,983| ## ||||2023|2022| |---|---|---|---|---| |||||E| |Cash flows from operating|activities|||| |Net (expenditure)/income|per Statement|of Financial Activities|(124,926)|96,191| |Adjustments
for:||||| |Depreciation
of property,
plant and equipment|||449|373| |Increase
in trade and other receivables|||(3,606)|(552)| |(Decrease)/Increase
in trade and other||payables|(1,863)|2,160| |Net cash (used in)/provided|by operating|activities|(129,946)|98,172| |Cash flows from investing|activities|||| |Payments for property,|plant and equipment||(1,361)|| |Net cash used in investing|activities||(1,361)|| |Net cash from financing
activities||||| |Net (decrease)/increase
in|cash and cash equivalents||(131,307)|98,172| |Cash and cash equivalents|at the beginning|ofthe period|198,460|| |Cash and cash equivalents|at the end ofthe period||67,153|98,172| |Components
ofcash and cash equivalents||||| |Cash and bank balances|||66,208|198,460| ||||66,208|198,460| ## ## ## ## |Republic o|f Ireland
(FRS 102)and the Companies
Act 2006.|f Ireland
(FRS 102)and the Companies
Act 2006.||||||| |---|---|---|---|---|---|---|---|---| |Change
in|basis ofaccounting
orto previous accounts|||||||| |There has|been no|change to the accounting
policies (valuation
rules and method of accounting)||||since||| |last year and no changes have been made to accounts for previous years.||||||||| |Fund accounting||||||||| |Unrestricted
funds||These are available for use at the discretion ofthe trustees||in furtherance||of|the|| |||general objects ofthe charity.||||||| |Designated|funds|These are unrestricted
funds earmarked
by the trustees|for particular||purposes.|||| |Revaluation|funds|These are unrestricted
funds which include
a revaluation|reserve representing|||||the| |||restatement
of investment
assets at their market values.||||||| |Restricted|funds|These are available for use subject to restrictions
imposed||by the donor or||through||| |||terms ofan appeal.||||||| |Income||||||||| |Recognition of||Income is included
in the Statement of Financial Activities||(SoFA) when|the|charity||| |income||becomes entitled to, and virtually
certain to receive, the|income and the amount|||||| |||ofthe income can be measured
with sufficient
reliability.||||||| |Income with related||Where income has related expenditure
the income and|related expenditure||||is|| |expenditure||reported
gross in the SoFA.||||||| |Donations|and|Voluntary
income received
by way ofgrants, donations
and gifts is included||||in||the| |legacies||the SoFA when receivable
and
only when the Charity has||unconditional||||| |||entitlement
to the income.||||||| |Tax reclaims on||Income from tax reclaims
is included
in the SoFA at the same time as the||||||| |donations|and gifts|gift/donation
to which it relates.||||||| |Donated services||These are only included
in income (with an equivalent
amount
in expenditure)||||||| |and facilities||where the benefit to the Charity
is reasonably
quantifiable,||measurable|and|||| |||material.||||||| |Volunteer|help|The value ofany volunteer
help received
is not included|in|the accounts.||||| |Investment|income|This is included
in the accounts when receivable.||||||| |Gains/(losses)
on||This includes
any gain or loss resulting
from revaluing
investments
to market|||||value|| |revaluation|offixed|at the end ofthe year.||||||| |assets||||||||| |Gains/(losses)
on||This includes
any gain or loss on the sale of investments.||||||| |investment|assets|||||||| |Expenditure|Expenditure||||||| |---|---|---|---|---|---|---|---| |Recognition||of|Expenditure
is recognised
on an accruals basis. Expenditure
includes|||any VAT|| |expenditure|||which cannot be fully recovered, and|is reported
as|part ofthe expenditure
to||| ||||which
it relates.||||| |Expenditure||on|These comprise the costs associated|with attracting|voluntary
income, fundraising||| |raising funds|||trading costs and investment
management
costs.||||| |Expenditure||on|These comprise the costs incurred
by|the Charity
in|the delivery ofits|activities|and| |charitable|activities||services
in the furtherance
of its objects, including the making ofgrants and||||| ||||governance
costs.||||| |Grants payable|||All grant expenditure
is accounted for on an actual||paid basis plus an|accrual for|| ||||grants that have been approved
by the trustees at the end ofthe year but not||||yet| ||||paid.||||| |Governance||costs|These include those costs associated|with meeting|the constitutional|and statutory|| ||||requirements
ofthe Charity,
including|any audit/independent
examination
fees,|||| ||||costs linked to the strategic management
ofthe Charity, together with a share||||of| ||||other administration
costs.||||| |Other expenditure|||These are support costs not allocated|to a particular|activity.||| ## ## ## ## ## ## ## ## ## ## ## ## ## |3
Statement of Financial|Activities - prior year||| |---|---|---|---| |||Unrestricted|| |||funds|Total funds| |||2022|2022| |Income and endowments|from:||| |Charitable
activities||269,444|269,444| |Other trading
activities||17,877|17,877| |Total||287,321|287,321| |Expenditure
on:|||| |Raising funds||4,696|4,696| |Charitable
activities||137,083|137,083| |Other||49,351|49,351| |Total||191,130|191,130| |Net income||96,191|96,191| |Net income before other
gains/(losses)||96,191|96,191| |Other gains and losses:|||| |Net movement
in funds||96,191|96,191| |Reconciliation
offunds:|||| |Total funds brought forward||359,791|359,791| |Total funds carried forward||455,982|455,982| ## |4|Income from|charitable
ac|tivities|||| |---|---|---|---|---|---|---| |||||Unrestricted|Total|Total| ||||||2023|2022| ||Point Europe|Projects||157,236|157,236|264,648| ||Grants|||||4,796| |||||157,236|157,236|269,444| |5|Income from|other trading|activities|||| |||||Unrestricted|Total|Total| ||||||2023|2022| ||Charity Shop|||37,612|37,612|16,967| ||Rent|||970|970|910| |||||38,582|38,582|17,877| |6|Expenditure|on raising funds||||| |||||Unrestricted|Total|Total| ||||||2023|2022| ||Fundraising|trading costs||||| ||Charity Shop|||3,006|3,006|2,000| ||Rent|||||2,696| |||||3,006|3,006|4,696| |7|Expenditure|on charitable|activities|||| |||||Unrestricted|Total|Total| ||||||2023|2022| ||Expenditure|on charitable||||| ||activities|||||| ||Point Europa|Projects||221,309|221,309|128,631| ||Governance|costs||||| ||Wages|||||4,445| ||Social Security|||||81| ||Pensions|||||308| ||Accountancy|||3,488|3,488|3,618| |||||224,797|224,797|137,083| ## |||||||||Unrestricted|Unrestricted|Total|Total| |---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||2023|2022| ||Employee costs||||||||67,691|67,691|37,611| ||Premises costs||||||||10,946|10,946|6,480| ||Amortisation,||depreciation,||||||||| ||impairment,|profit/loss|||on||||449|449|373| ||disposal offixed assets||||||||||| ||General administrative||||costs||||8,590|8,590|4,887| ||Legal and professional||||costs||||5,265|5,265|| ||||||||||92,941|92,941|49,351| |9|Net (expenditure)/income|||||before transfers|||||| ||||||||||2023||2022| ||This is stated||after charging:||||||f||E| ||Depreciation||of owned||fixed assets||||449||373| ||Independent||Examiner's|||fee|||500||550| |10|Staffcosts||||||||||| ||||||||||2023||2022| ||Salaries and|wages|||||||62,364||35,097| ||Social security||costs||||||||622| ||Pension costs||||||||5,176||1,892| ||||||||||67,540||37,611| ||No employee||received||emoluments||in excess off60,000.||||| ||The average|monthly||number offull time equivalent||||employees|during the year was as follows:||| ||||||||||2023||2022| ||||||||||Number||Number| ||Operations||||||||||3| ## |11|Tangible fixed assets|||||| |---|---|---|---|---|---|---| |||Land and|Office|Fixtures &|Computer|Total| |||buildings|equipment|fittings|equipment|| ||Cost or revaluation|||||| ||At 1April 2022|262,576|7,220|25,054|10,690|305,540| ||Additions||||1,361|1,361| ||At 30September 2023|262,576|7,220|25,054|12,051|306,901| ||Depreciation
and|||||| ||impairment|||||| ||At 1April 2022||7,220|25,054|10,690|42,964| ||Depreciation
charge for the||||449|449| ||year|||||| ||At 30September 2023||7,220|25,054|11,139|43,413| ||Net book values|||||| ||At 30September 2023|262,576|||912|263,488| ||At 31March 2022|262,576||||262,576| |12|Debtors|||||| |||||2023||2022| |||||E||| ||Other debtors|||3,618||| ||Prepayments
and accrued income|||540||552| |||||4,158||552| |13|Creditors:|||||| ||amounts
falling due within one year|||||| |||||2023||2022| |||||||E| ||Other taxes and social security|||||1,826| ||Other creditors|||297||334| ||Accruals|||2,500||3,445| |||||2,797||5,605| ## ||||||Incoming|||| |---|---|---|---|---|---|---|---|---| ||||||resources|||At 30| |||||||Resources|Gross|| ||||At 1April||(including
other|expended|transfers|September
2023| |||||2022|gains/losses)|||| ||||||f|||| |Restricted funds:||||||||| |Unrestricted||funds:||||||| |Designated|funds:|||||||| |Point Europa|||193,407||195,818|(320,295)|(1,361)|67,569| |Fixed Asset|Reserve||262,576|||(449)|1,361|263,488| |Total|||455,983||195,818|(320,744)||331,057| |Total funds|||455,983||195,818|(320,744)||331,057| |Purposes
and||restrictions|in relation|to the funds:||||| |Designated|funds:|||||||| |Point Europa|||Training and education|||||| |Fixed Asset|Reserve|||||||| |15|Analysis ofne|t assets between
funds|||| |---|---|---|---|---|---| |||||Unrestricted|| ||||||Total| |||||funds|| |||||f|f| ||Fixed assets|||263,488|263,488| ||Net current assets|||67,569|67,569| |||||331,057|331,057| |16|Reconciliation|ofnet debt|||| ||||||At 30| ||||At 1April||September| ||||2022|Cash flows|2023| ||||f|f|f| ||Cash and cash|equivalents|198,460|(132,252)|66,208| ||||198,460|(132,252)|66,208| ||Net debt||198,460|(132,252)|66,208| ## ## |Annual
co|mmitments
under non-cancellable|operating
leases ar|e as follows:||| |---|---|---|---|---|---| |||2023|2023|2022|2022| |||Land and||Land and|| ||||Other||Other| |||buildings||buildings|| |||f||f|| |Operating|leases with expiry date:||||| |Pension commitments|||||| ||||2023||2022| ||||||f| |The pension cost charge to the company|||||| |amounted|to:||5,176||1,892| ## ## ## |for the period|ended|30|September 2023|||| |---|---|---|---|---|---|---| |||||Unrestricted||| |||||funds|Total funds|Total funds| |||||2023|2023|2022| |||||E|f|f| |Income and endowments|||from:|||| |Charitable
activities||||||| |Point Europa|Projects|||157,236|157,236|264,648| |Grants||||||4,796| |||||157,236|157,236|269,444| |Other trading|activities|||||| |Charity Shop||||37,612|37,612|16,967| |Rent||||970|970|910| |||||38,582|38,582|17,877| |Total income|and endowments|||195,818|195,818|287,321| |Expenditure
on:||||||| |Costs ofother|trading|activities||||| |Charity Shop||||3,006|3,006|2,000| |Rent||||||2,696| |||||3,006|3,006|4,696| |Total ofexpenditure
funds||on|raising|3,006|3,006|4,696| |Charitable
activities||||||| |Point Europa|Projects|||221,309|221,309|128,631| |||||221,309|221,309|128,631| |Governance
costs||||||| |Wages||||||4,445| |Social Security||||||81| |Pensions||||||308| |Accountancy||||3,488|3,488|3,618| |||||3,488|3,488|8,452| |Total ofexpenditure
activities||on|charitable|224,797|224,797|137,083| |Employee costs||||||| |Salaries/wages||||62,364|62,364|35,097| |Employer's|NIC|||||622| |Pension costs||||5,176|5,176|1,892| |Staff training||||151|151|| |||||67,691|67,691|37,611| |Premises costs||||||| |Rent||||||1,680| |Rates||||478|478|1,350| |Light, heat and power||||7,875|7,875|2,039| |Premises
cleaning||||230|230|| ## |Premises insurances|||1,554|1,554|1,371| |---|---|---|---|---|---| |Premises repairs and|||809|809|40| |maintenance|||||| ||||10,946|10,946|6,480| |General administrative|costs,||||| |including
depreciation|and||||| |amortisation|||||| |Depreciation
ofOffice|equipment||||| |Depreciation
of Fixtures||(Lfittings|||| |Depreciation
ofComputer|||449||373| |equipment|||||| |Software,
ITsupport
and||related|453|453|| |costs|||||| |Stationery
and printing|||933|933|427| |Subscriptions|||704|704|1,359| |Sundry expenses|||1,302|1,302|579| |Telephone,
fax and broadband|||5,198|5,198|2,522| ||||9,039|9,039|5,260| |Legal and professional|costs||||| |Consultancy
fees|||5,265|5,265|| ||||5,265|5,265|| |Total ofexpenditure
of|other costs||92,941|92,941|49,351| |Total expenditure|||320,744|320,744|191,130| |Net gains on investments|||||| |Net (expenditure)/income|||(124,926)|(124,926)|96,191| |Net (expenditure)/income
other gains/(losses)||before|(124,926)|(124,926)|96,191| |Other Gains|||||| |Net movement
in funds|||(124,926)|(124,926)|96,191| |Reconciliation
offunds:|||||| |Total funds brought forward|||455,983|455,983|359,791| |Total funds carried forward|||331,057|331,057|455,982|