Charity reglstratlon number 1111015 (England and Wales) Company registration number 05467341 ERIN GO BRAGH DEVELOPMENT ASSOCIATION LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
ERIN GO BRAGH DEVELOPMENT ASSOCIATION LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr D Neenan Mr J Munnelly Mr J Coyne {Appointed 1 April 2024) Charity number (England and Wales) 1111015 Company number 05467341 Registered office Holly Lane Erdington Birmingham B24 9LH Accountants LMH Accountants Limited TIA Trevor Jones & Co Old Bank Chambers 582-586 Kingsbury Road Erdington Birmingham 824 9ND
ERIN GO BRAGH DEVELOPMENT ASSOCIATION LIMITED CONTENTS Page Trustees, report Statement of trustees, responsibilities Accountants, report Statement of financial activities Balance sheet Notes to the financial statements 7-11
ERIN GO BRAGH DEVELOPMENT ASSOCIATION LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their report and financial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to Ihe financial statements and comply with the charity's governing document, the Companies Act 2006 and 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" (as amended for accounting periods commencing from 1 January 2016) Obje¢tlves and activities The charity's objective is to help people of Irish origin of all ages in educalion, arts, culture, Gaelic sports and employment assistance. Piiblic benefit The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake, Achievements and performance Significant activities 8nd achievements againsl objectives Flnancial review Reserves policy It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure which is around £4,500 to £9,000. At the year end unrestricted funds totalled in excess of £100,000 which more than covers six months expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significanl drop in funding, they will be able lo continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves ha5 been maintained throughout the year. Major risks The trustees have assessed the major risks to which the charlty is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. Structure, governance and management The charity is a company limited by guarantee without share capital. The trustees, who are al80 the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were.. Mr D Neenan Mr J Munnelly Mr J Coyne (Appointed 1 April 2024) ReClImen1 and appointment of trustees None of the trustees have any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
ERIN GO BRAGH DEVELOPMENT ASSOCIATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The trustees, report was approved by the Board of Trustees. Mr D Neenan Trustee MrJ Date..
ERIli GO BRAGH DEVELOPMENT ASSOCIATION LIMITED STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trustees, who are also the directors of Erin Go Bragh Development Association Limited for the purpose of company law, are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the stale of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently; obseNe the methods and principles in the Charities SORP: make judgements and estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial stalements and; Prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with Ihe Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Company law requires Ihe trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the chariiy and of the incoming resources and application of resources. including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP., make judgements and estimates Ihat are reasonable and prudent., state whether applicable UK Accounling Standards have been followed, subject to any material departures disclosed and explained in the fjnancial slatements., and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy al any time the financial position of the charity and enable them to ensure that the financial statements comply with Ihe Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
ERIN GO BRAGH DEVELOPMENT ASSOCIATION LIMITED CHARTERED ACCOUNTANTS. REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ERIN GO BRAGH DEVELOPMENT ASSOCIATION LIMITED FOR THE YEAR ENDED 31 MARCH 2025 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Erin Go Bragh Development Association Limiled for the year ended 31 March 2025, which comprise the statement of financial activities and the related notes from the charity's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to ils ethical and other professional requirements which are detailed at https./.lcaeW.c0mIregu1ati0n. This report is made to the charity's trustees, as a body, in accordance with the terms of our engagement letter dated 9 May 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Erin Go Bragh Development Association Limited and state those matters that we have agreed to state to the charity's Iruslees, as a body, in this report in accordance with ICAEW Technical Release 07118 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Erin Go Bragh Development Association Limited and the charity's trustees as a body, for our work or for this report. It is your duty to ensure that Erin Go Br8gh DevelopmentAssociation Limiled has kept adequate accounting records and lo prepare statutory financial statements that give a true and fair view of the assets. liabilities, financial position and surplus of Erin Go Bragh Development Association Limited. You consider thal Erin Go Bragh Development -j2tirtn Limited is exempt from the statutory audit requirement for the year, and is not required to obtain an independent examiner's report. We have not been instructed to carry out an audit or a review of the financial statements of Erin Go Bragh Development Association Limiled. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial slatements. L HÈf Acca kk LMH Accountants Llmlted TIA Trevor Jones & Co Chartered Accountants Old Bank Chambers 582-586 Kingsbury Road Erdington Birmingham B24 9Nu Date..
ERIN GO BRAGH DEVELOPMENT ASSOCIATION LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted funds 2025 LitiYe411 icted funds 2024 Notes Income from: Charitable activities 25,741 24,215 Total income 25,741 24,215 Expendlture on". Charitable activities 17,524 11,803 Total expendlture 17,524 11,803 Net Income and movement In funds 8,217 12,412 Reconknlllation of funds: Fund balances at 1 April 2024 93,911 81,499 Fund balances at 31 March 2025 102,128 93,911 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
ERIN GO BRAGH DEVELOPMENT ASSOCIATION LIMITED BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Notes Flxed assets Tangible assets 20,940 22,080 Current assets Debtors Cash at bank and in hand 908 81,175 842 71,840 82.083 72,682 Credltors: amounts falllng due wlthln one year 10 (895) (851) Net current assets 81,188 71,831 Total assets less current Ilabllltles 102.128 93,911 The funds of the charlty Unrestricted funds 11 102,128 93,911 102.128 93,911 The company is entitled to Ihe exemption from the audit requirement contained in section 477 of the Companies Act 20nR for the year ended 31 March 2025. The directors acknowledge their responsibilities for complying with Ihe requirements of the Companies Act 2006 with respect to accounting records and the preparation of finanrial statements. The members have not required the company to obtain an audit of its financial statements for the year in question in accordan with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the trustees on . /? Mr D Neenan Trustee r J Munnelly Trustee /7/2- Company registration number 05467341 (England and Wdles)
ERIN GO BRAGH DEVELOPMENT ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity information Erin Go Bragh Development Association Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Holly Lane, Erdington. Birmingham. 824 9LH. 1.1 Accountlng conventlon The accounts have been prepared in accordance wth the charity's governing document, the Companies Act 2006 and "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 102)" (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102. Assels and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(sl. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Updat£ Bulletin 1 not lo prepare a Stalemenl of Cash Flows. The financial statements are prepared in sterfing. which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. 1.2 Going concern At the time of approving the financial slatements. the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Llireslficled funds are available for use at the discretion of the tfuslees in furtherance of the,,; "b.Aritable objectives. 1.4 Income Income is recognised when the charity is legally entitled to it after any performance condilions have been met, the amounls can be measured reliably, and it is probable that income wll be received. Cash donations are recognised on receipt. Other donations are recognised once the charty has been notified of the donation, unless performance conditions fequire deferral of the amount. Income tax recoverable in relation to donations received under GiftAid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 1.5 Expenditure Expenditure is recognised once there is a legal Of constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of tb.e obligation can be measured reliably. Expenditure is classified by activity. The costs of each aclivity are made up of the total of dIrt costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributaue lo a single activity are allocated directly lo that activity. Shared costs which contribute to more than one activity and support Costs which are not attributable to a single activity are apportioned beeen those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use.
ERIN GO BRAGH DEVELOPMENT ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Contlnuedl Expenditure is accounted for on an accrual basis and has been clarified under headings that aggregate all costs relating to the category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, 1.6 Tanglble fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Leasehold improvements Plant and equipment 20/D Str8ight line 20 % straight line Thp. gain or loss arisin_g on the disposal of an asset is determined as the difference between the qale. procp.eds and the carrying value of the asset, and is fecognised in the statement of financial activities. 1.7 Impalrment of fixed assets At each reporting end dale, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairmenl loss {if any}. 1.8 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdraft5 are shown within borrowings in current liabilities. 88sic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured al transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value cf the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic firsancial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinwy course of operations from supplier5. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade credilors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognltion of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or Cancelled.
ERIN GO BRAGH DEVELOPMENT ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from charltable activltles Unrestrlcted funds 2025 Unrestricted funds 2024 Income Charitable rental income 25,741 24,215 Expendlture on charltable actlvltl8S Expenditure Expendlture 2025 2024 Dlrect costs Depreciation and impairment Rent and Rates Repairs & Maintanence Insurance Motor Running Expenses Accountancy Printing & Slationairy Course Fees Sundry Expenses Bank Charges 811 2,215 12,030 924 451 896 55 754 923 7,339 892 369 864 32 346 203 81 52 90 17,524 11,803 AnalysSs by fund Unrestricted funds 17,524 11,803 Net movement In funds 2025 2024 The net movement in funds is stated after chargingllcreditingl.. Depreciation of owned tangible fixed assets 811 754 Trustees None of the trustees (or any persons connected wilh them) received any remuneration or benefit5 from the charity during the year
ERIN GO BRAGH DEVELOPMENT ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Employees The average monthly number of employees during the year was.. 2025 Number 2024 Number There were no employees whose annual remuneration was more than £60,000. Taxation The charity is exempt from laxation on its activtties because all its income is applied for charitable purposes. Tangible fixed assets Leasehold Improvements Plant and equipment Total Cost At 1 April 2024 Additions 22,000 9.184 359 31.184 359 At 31 March 2025 22,000 9,543 31,543 Depreciation and impairnient At 1 April 2024 Depreciation charged in the year 1.100 440 8,692 371 9,792 811 At 31 March 2025 1.540 9,063 10,603 Carrying amount At 31 March 2025 20,460 480 20,940 At 31 March 2024 20,900 1,180 22,080 Debtors 2025 2024 Amounts falling due withln one year: Prepayments and accrued income 908 842 10 Creditors: amounts falling due within one year 2025 2024 Accruals and deferred income 895 851 10-
ERIN GO BRAGH DEVELOPMENT ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 11 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. Resources At 31 March expended 2025 At 1 April 2024 Incoming resources General funds 93,911 25.741 (17,524) 102,128 Previous year: At 1 Aprfl 2023 Incoming resources Resources At 31 March expended 2024 General funds 81,499 24.215 (11,803) 93,911 12 Related party transactions There were no disclosable related party transactions during the year {2025 - none). 11