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← Luton Irish Forum

2024-03-31-accounts

DocuSign Envelope ID: 47CACBD5-8855-4D9B-8497-77717BB8271E

Company registration number: 05651900 Charity number: 1113069

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED

31 MARCH 2024

LUTON IRISH FORUM (A Company Limited by Guarantee)

DocuSign Envelope ID: 47CACBD5-8855-4D9B-8497-77717BB8271E

LUTON IRISH FORUM (A Company Limited by Guarantee)

CONTENTS

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1
Trustees' Report 2 - 8
Independent Examiner's Report 9
Statement of Financial Activities 10
Statement of Financial Position 11 - 12
Notes to the Financial Statements 13 - 24

DocuSign Envelope ID: 47CACBD5-8855-4D9B-8497-77717BB8271E

LUTON IRISH FORUM (A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024

Trustees T C Scanlon, Chair
M Winter, Vice Chair
M Curtis, Secretary
L Kitching, Treasurer
D Drennan
S Rooney
D Crean
J Smith (appointed 24 June 2023)
T Smith (appointed 24 June 2023)
T Shanley (appointed 24 June 2023)
P Sylvester (resigned 31 March 2024)
Gill Grant (resigned 3 May 2023)
T Chiweshe (resigned 2 May 2023)
Company registered
number
05651900
Charity registered number
1113069
Registered office
Kathleen Connolly House
102 Hitchin Road
Luton
Bedfordshire
LU2 0ES
Independent Examiners
Mark Hubbocks BA (Hons) BFP FCA CF
Menzies LLP Chartered Accountants
Richmond House, Walkern Road
Stevenage, Hertfordshire, SG1 3QP

Page 1

DocuSign Envelope ID: 47CACBD5-8855-4D9B-8497-77717BB8271E

LUTON IRISH FORUM (A Company Limited by Guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024

The Trustees present their annual report together with the financial statements of the Charity for the year 1 April 2023 to 31 March 2024. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Principal objectives

The objects of the Charity, as stated in its memorandum of association, are the following: • To relieve persons in need, poverty or distress, particularly, but not exclusively of Irish descent, through the provision of advice and information concerning health and benefits as well as other support.

• To advance the education of the public, particularly in Irish music, drama, arts, the Irish language and through the holding of an annual St Patrick’s Day Festival.

• Other charitable purposes, particularly the provision of facilities for the benefit of the public, particularly but not exclusively for persons of Irish descent in the interests of social welfare with the object of improving the conditions of life for those persons in need of such facilities.

b. Strategies / activities to further objectives

LIF is based at Kathleen Connolly House on Hitchin Road, Luton and is used also as a community centre which hosts a wide variety of community-based projects.

LIF’s welfare team provides information, advice and advocacy relating to benefits, housing and health to all communities living locally. We are a vital agency within the local advice-giving sector and the only culturally specific organisation in the area working with AQS (Advice Quality Standard).

People of all ages, backgrounds and cultures enjoy our assorted social groups and activities, in a welcoming and safe environment. LIF’s befriending service enables people who are unable or who don’t go out much to have company and social interaction helping to reduce the effects of loneliness. Traditions such as Irish music, dancing and language are kept alive through our social groups and wider cultural activities. These activities appeal to people of all heritages, not just the generations of Irish living both locally and across the Irish Sea including our St Brigid’s Day celebration and Luton St Patrick’s Festival.

We offer volunteering opportunities in different roles across almost all our services which enables people with a diversity of skills, knowledge and experience to be part of our volunteer team. Volunteers use their existing abilities, develop new skills, and build their confidence and self-worth while providing valuable help and support to local people from all communities. We are very proud to have been awarded the Queens Voluntary Award in 2020.

c. Aims

From this, it is understood that the prime aims of the organisation are to improve welfare and promote a culture of the Irish community in Luton, mainly but not specifically. Charitable activities include in particular the advancement of education, the furtherance of health, the promotion of social inclusion and the relief of poverty, distress and sickness. Kathleen Connolly House is the home of LIF, where all activities are coordinated, and many take place.

Page 2

DocuSign Envelope ID: 47CACBD5-8855-4D9B-8497-77717BB8271E

LUTON IRISH FORUM

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Objectives and activities (continued)

d. Objectives and key activities 2022 - 2032

  1. Improve welfare/quality of life for local vulnerable people

  2. LIF will demonstrate a positive impact on the people accessing our welfare service.

  3. LIF will demonstrate a positive impact on the people accessing our cultural/social activities.

  4. • Increase the capacity of the welfare service.

  5. Promote and retain Irish culture

  6. Develop St Patrick’s Festival

• Develop partnerships with Irish and other businesses and organisations to engage/engaging with 2nd and 3rd generation

3. Organisational Sustainability

Page 3

DocuSign Envelope ID: 47CACBD5-8855-4D9B-8497-77717BB8271E

LUTON IRISH FORUM

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Objectives and activities (continued)

e. Public benefit

The Trustees confirm that they have had due regard for the Charity Commission’s guidance on public benefit.

The trustees believe that LIF’s activities provide a public benefit as the charity promotes health and well-being, improves the quality of life and increases social inclusion. Although originally set up to safeguard the needs of the Irish residents in Luton, LIF is now a truly representative community organisation whose services, activities and events are available to all.

LIF has made the following improvements in people’s lives across its projects.

Welfare Service

St Patrick’s Festival, St Brigid’s Day and other cultural offer

• Improving awareness and understanding of the emigrant and diaspora experience and by supporting the development of new ways to communicate and connect with the increasingly diverse global Irish, including non-traditional diasporas

Social Activities

Intergenerational and Youth Projects

Other

• Represent the needs of the Irish community in Luton, identify and action policy gaps locally and nationally, and learn from and share best practice. Increasing awareness of organisations' services, activities and events

Page 4

DocuSign Envelope ID: 47CACBD5-8855-4D9B-8497-77717BB8271E

LUTON IRISH FORUM (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Objectives and activities (continued)

f. Contribution of volunteers

Our volunteers support LIF weekly in all our key operations such as reception, administration, finance, event management, gardening and caretaking. They enable us to offer social and cultural activities, enabling hundreds of people every week to interact with others in a safe and welcoming environment, thereby avoiding social isolation and offering an opportunity to gain information on further services to maintain or improve their health and well-being. They are essential in planning, promoting and running the annual Luton St Patrick’s Festival. They also promote Irish culture to second and third generations. Irish people, helping young people gain a sense of identity and worth. Our volunteers’ group was awarded the Queen's Award for Voluntary Service in 2020.

Achievements and performance

a. Main achievements of the Charity

The main achievements for the year:

b. Fundraising activity

LIF has and exceeded its ambitious business strategy and growth plan to grow and maintain income at £500k to 2032 and maintain its staff structure to 12 staff, and employ sessional staff over this period.

To further develop the fundraising infrastructure, we will take the following actions:

The fundraising strategy is set out in the business plan.

Page 5

DocuSign Envelope ID: 47CACBD5-8855-4D9B-8497-77717BB8271E

LUTON IRISH FORUM (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Achievements and performance (continued)

c. Future developments

LIF plans to grow and expand in relation to the new opportunities and changes that are taking place socially, economically and politically which LIF is facing.

LIF faces major challenges in its project financing, and is developing a range of projects and income sources to:

Financial review

a. Financial review

For the year to 31 March 2024 the net movement in funds was a £23,710 surplus (2023 - £50,350 deficit).

Total funds as at 31 March 2024 were £579,364 (2023 - 555,654). Restricted funds as at 31 March 2024 were £319,641 (2023 - £328,354).

b. Fixed assets

Changes in fixed assets during the year are set out in the notes to the financial statements.

c. Reserves policy

It is the policy of LIF to maintain unrestricted funds, which are the free reserves of the organisation, at a level to cover management, administration and support costs and to respond to emergency applications for grants which arise from time to time. The Trustees have transferred to designated fund reserves to cover approximately six months of expenditure together with other provisions for contingencies (see note 1). The Trustees will meet to review this provision every month.

d. Public benefit

The charity trustees have complied with their duty in section 17(5) of the 2011 Charities Act to have due regard to guidance published by the Charity Commission. In making decisions on behalf of the charity, the trustees have considered the Charity Commission’s guidance on public benefit, in particular those relevant to their principal objectives and activities. These have been set out in the above report.

Page 6

DocuSign Envelope ID: 47CACBD5-8855-4D9B-8497-77717BB8271E

LUTON IRISH FORUM (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Structure, governance and management

a. Partners

During this period, we worked with the following local agencies: Bedford HMP Luton Culture Bedfordshire Police Luton Foodbank BT Events Maternity Alliance Catholic and Faith leaders NHS Trust Central Bedfordshire Access Team Noah Enterprise Comhaltas Penrose Trust Crosscare Primary Care and PCN medical leads Dr Tahir Mehmood Public Health East London Foundation Trust Safe Home Ireland Fivewell HMP Revoluton Arts Gaelic Athletic Association clubs Rotary Club Gerry Taylor Butcher and Grocer GPs Schools Hospital Consultants Shri Guru Ravidass Sangat Housing Associations Social prescribers and commissioned health services Interact The Roma Trust Irish County Associations The Safer Luton Partnership Irish Dancing Schools UK Centre for Carnival Arts Irish Network Stevenage University of Bedfordshire Job Centre Plus University of Hertfordshire Littlehey HMP Victim Support Luton Borough Council Social Justice Unit Women’s Aid Luton Borough Council teams

Nationally, we work with Traveller Movement, Friend Families of Travellers and Irish in Britain and its affiliate organisations. Affiliates include the Irish Chaplaincy, Irish Counselling and Psychotherapy, Leeds Irish Health and Homes, Irish Community Care Merseyside, Irish Community Care Manchester, Irish Community Services, London, Irish in Birmingham and Irish Network Stevenage.

We are part of the following forums:

• Luton Access, in partnership with Citizens Advice Luton, Luton Law Centre and Luton Rights with Luton Borough Council we strive to ensure the continued development of the local advice-giving sector.

b. Decision making

The trustees of the company who served during the year are listed with the legal and administrative details. Policy and Strategy are decided by the Board following consultation with staff, volunteers, student placements, users and members. Decisions regarding the daily delivery of services in line with Board decisions are delegated to the Chief Executive Officer and senior staff. Trustees expect staff to keep them informed of potential opportunities and challenges which may lead to new developments.

Page 7

DocuSign Envelope ID: 47CACBD5-8855-4D9B-8497-77717BB8271E

LUTON IRISH FORUM

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Structure, governance and management (continued)

c. Responsibilities of the trustees

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that year. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the relevant law. They are responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

d. Risk review

The Trustees have assessed the major risks to which the company is exposed, in particular, those related to the operations and finances of the Charity and are satisfied that systems are in place to mitigate our exposure to the major risks. These procedures are periodically reviewed.

e. Trustee recruitment and training

Suitable nominees, according to the regulations covered by the memorandum and articles, are introduced to the work of the organisation. S/he meets with a staff member, and/or Board Member and Secretary before submission for consideration by the Board. The organisation aims, as far as possible, to include a wide range of skills and representation from the local community which it serves.

New Board Members are encouraged to take part in events and networking meetings to ensure an understanding of the issues relating to the organisation’s work. All receive Charity Commission guidelines on their legal role and copies of LIF’s policies over time. A joint strategy day is held annually to which staff and trustees are invited. LIF allows the attendance of non-voting co-opted members and observers on the Board to relevant partner organisations.

Approved by order of the members of the board of Trustees and signed on their behalf by:

................................................ T C Scanlon Trustee

Date: 28-Jun-2024

Page 8

DocuSign Envelope ID: 47CACBD5-8855-4D9B-8497-77717BB8271E

LUTON IRISH FORUM (A Company Limited by Guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024

Independent Examiner's Report to the Trustees of Luton Irish Forum ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2024.

Responsibilities and Basis of Report

As the Trustees of the Charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Charity 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 the Charity's accounts 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 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, 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:

  1. accounting records were not kept in respect of the Charity 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 give a '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 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 (FRS 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.

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Signed: Dated: 28-Jun-2024 8BD01760061B475... Mark Hubbocks BA (Hons) BFP FCA CF

Menzies LLP, Chartered Accountants

Richmond House, Walkern Road Stevenage, Hertfordshire, SG1 3QP

Page 9

DocuSign Envelope ID: 47CACBD5-8855-4D9B-8497-77717BB8271E

LUTON IRISH FORUM (A Company Limited by Guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024

Note
Income from:
Donations and grants
3
Other trading activities
4
Investments
5
Other income
6
Total income
Expenditure on:
Charitable activities
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2024
£
359,057
-
-
-
359,057
367,770
367,770
(8,713)
328,354
(8,713)
319,641		 Unrestricted
funds
2024
£
39,620
96,727
5,457
7,786
149,590
117,167
117,167
32,423
227,300
32,423
259,723		 Total
funds
2024
£
398,677
96,727
5,457
7,786
508,647
484,937
484,937
23,710
555,654
23,710
579,364		 Total
funds
2023
£
333,261
80,797
2,569
16,768
433,395
483,745
483,745
(50,350)
606,004
(50,350)
555,654

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 13 to 24 form part of these financial statements.

Page 10

DocuSign Envelope ID: 47CACBD5-8855-4D9B-8497-77717BB8271E

LUTON IRISH FORUM (A Company Limited by Guarantee) REGISTERED NUMBER: 05651900

STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2024

Note
Fixed assets
Tangible assets
10
Current assets
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due within one year
12
Net current assets
Total assets less current liabilities
Total net assets
Charity funds
Restricted funds
13
Unrestricted funds
13
Total funds		 41,927
346,876
388,803
(131,671)		 2024
£
322,232
322,232
257,132
579,364
579,364
319,641
259,723
579,364		 8,007
268,362
276,369
(52,525)		 2023
£
331,810
331,810
223,844
555,654
555,654
328,354
227,300
555,654

Page 11

DocuSign Envelope ID: 47CACBD5-8855-4D9B-8497-77717BB8271E

LUTON IRISH FORUM

(A Company Limited by Guarantee) REGISTERED NUMBER: 05651900

STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 MARCH 2024

The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

................................................

T C Scanlon Trustee

Date: 28-Jun-2024

The notes on pages 13 to 24 form part of these financial statements.

Page 12

DocuSign Envelope ID: 47CACBD5-8855-4D9B-8497-77717BB8271E

LUTON IRISH FORUM (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1. General information

Luton Irish Forum is a private company limited by guarantee, registered in England and Wales, as well as being a registered charity within the same jurisdiction. The charity's registrations number and registered office address can be found within the reference and administration details.

The presentation currency of the financial statements is the Pound Sterling (£).

2. Accounting policies

2.1 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 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Luton Irish Forum meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Statement of Financial Position. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

2.3 Expenditure

Expenditure is recognised once there is a legal or 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 the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between 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 allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

2.4 Taxation

The charity is exempt from corporation tax on its charitable activities.

Page 13

DocuSign Envelope ID: 47CACBD5-8855-4D9B-8497-77717BB8271E

LUTON IRISH FORUM (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

2. Accounting policies (continued)

2.5 Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following bases:

2.6 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.7 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Page 14

DocuSign Envelope ID: 47CACBD5-8855-4D9B-8497-77717BB8271E

LUTON IRISH FORUM (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

3. Donations and grants

Grants
Department of Foreign Affairs and Trade; Emigrant
Support Programme
Luton Rising
Bedford and Luton Community Foundation
Irish Youth Foundation
Ireland Fund of Great Britain
Lloyds Foundation
The National Lottery Community Fund
JP McManus
European Social Fund
Irish Episcopal Council
JL12 Charity
Co-Operation Ireland
Glasspool Charity
Amazon Just Giving
Hierarchy General
General grants
Luton Borough Council
The Wixamtree Trust
The Harper Trust
Access to Justice Fountation
Subtotal detailed disclosure
Donations
Total 2023		 Restricted
funds
2024
£
200,866
41,110
15,390
3,000
11,000
-
78,465
-
-
5,408
1,500
2,318
-
-
-
-
-
-
-
-
359,057
-
359,057
269,542		 Unrestricted
funds
2024
£
-
-
-
-
-
12,500
-
3,000
17,664
-
-
-
850
1,000
1,269
195
-
-
-
-
36,478
3,142
39,620
63,719		 Total
funds
2024
£
200,866
41,110
15,390
3,000
11,000
12,500
78,465
3,000
17,664
5,408
1,500
2,318
850
1,000
1,269
195
-
-
-
-
395,535
3,142
398,677
333,261		 Total
funds
2023
£
162,285
20,000
19,750
6,000
8,000
-
-
3,000
53,401
-
-
-
-
-
-
-
26,111
5,000
10,200
12,196
325,943
7,318
333,261

Page 15

DocuSign Envelope ID: 47CACBD5-8855-4D9B-8497-77717BB8271E

LUTON IRISH FORUM (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

4. Other trading activities

Income from fundraising events

Sales of goods
Room hire
Festival income
Sundry receipts
Membership subscriptions
Raffle		 Unrestricted
funds
2024
£
20,275
24,931
28,669
11,757
3,064
8,031
96,727		 Total
funds
2024
£
20,275
24,931
28,669
11,757
3,064
8,031
96,727		 Total
funds
2023
£
15,483
19,180
25,170
12,246
1,804
6,914
80,797

5. Investment income

Unrestricted Total Total
funds funds funds
2024 2024 2023
£ £ £
Bank interest received 5,457 5,457 2,569

6. Other incoming resources

Unrestricted Total Total
funds funds funds
2024 2024 2023
£ £ £
Other income 7,786 7,786 16,768

Page 16

DocuSign Envelope ID: 47CACBD5-8855-4D9B-8497-77717BB8271E

LUTON IRISH FORUM (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

7. Analysis of expenditure by activities

Staff costs
Office costs
Project costs
Training costs
Transport costs
Premises costs
Governance costs		 Activities
undertaken
directly
2024
£
314,742
49,046
71,697
1,308
3,264
40,980
-
481,037		 Support
costs
2024
£
-
-
-
-
-
-
3,900
3,900		 Total
funds
2024
£
314,742
49,046
71,697
1,308
3,264
40,980
3,900
484,937		 Total
funds
2023
£
300,338
45,506
79,410
830
5,683
48,348
3,630
483,745

Page 17

DocuSign Envelope ID: 47CACBD5-8855-4D9B-8497-77717BB8271E

LUTON IRISH FORUM (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

7. Analysis of expenditure by activities (continued)

Analysis of support costs

Independent examiner's remuneration
Auditor's remuneration
Accountancy and legal fees		 Total
funds
2024
£
3,900
-
-
3,900		 Total
funds
2023
£
-
2,100
1,530
3,630

8. Staff costs

Wages and salaries 2024
£
314,742
314,742		 2023
£
300,338
300,338

The average number of persons employed by the Charity during the year was as follows:

2024 2023
No. No.
Employees 12 11

No employee received remuneration amounting to more than £60,000 in either year.

9. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL) .

During the year ended 31 March 2024, travel expenses totalling £ 69.75 were reimbursed or paid directly to Trustees (2023 - £97.20).

Page 18

DocuSign Envelope ID: 47CACBD5-8855-4D9B-8497-77717BB8271E

LUTON IRISH FORUM (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

10. Tangible fixed assets

Cost or valuation
At 1 April 2023
At 31 March 2024
Depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023		 Long-term
leasehold
property
£
419,500
419,500
91,146
8,713
99,859
319,641
328,354		 Fixtures and
fittings
£
60,234
60,234
56,778
865
57,643
2,591
3,456		 Total
£
479,734
479,734
147,924
9,578
157,502
322,232
331,810

Luton Irish Forum has a leasehold interest in the building. The Kathleen & Michael Connolly Foundation previously advanced £120,000 for the purpose of funding the development of the property as a forum. In the event that the building is not used for this purpose these monies are refundable.

11. Debtors

Due within one year
Trade debtors
Accrued income		 2024
£
24,787
17,140
41,927		 2023
£
8,007
-
8,007

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DocuSign Envelope ID: 47CACBD5-8855-4D9B-8497-77717BB8271E

LUTON IRISH FORUM (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

12. Creditors: Amounts falling due within one year

Other taxation and social security
Other creditors
Accruals
Deferred income		 2024
£
6,694
1,206
3,350
120,421
131,671		 2023
£
5,254
1,035
3,350
42,886
52,525

The deferred income liability has arisen in order to recognise grant income in the appropriate financial period.

Page 20

DocuSign Envelope ID: 47CACBD5-8855-4D9B-8497-77717BB8271E

LUTON IRISH FORUM (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

13.
Statement of funds
Statement of funds - current year
Unrestricted funds
Designated funds
Designated fund
General funds
General fund
Total Unrestricted funds
Restricted funds
Building
Department of Foreign Affairs and Trade; Emigrant
Support Programme
Luton Rising
Bedford and Luton Community Foundation
Irish Youth Foundation
Ireland Fund of Great Britain
The National Lottery Community Fund
Irish Episcopal Council
JL12 Charity
Co-Operative Ireland
Total of funds		 Balance at 1
April 2023
£
70,000
157,300
227,300
328,354
-
-
-
-
-
-
-
-
-
328,354
555,654		 Income
£
-
149,590
149,590
-
200,866
41,110
15,390
3,000
11,000
78,465
5,408
1,500
2,318
359,057
508,647		 Expenditure
£
-
(117,167)
(117,167)
(8,713)
(200,866)
(41,110)
(15,390)
(3,000)
(11,000)
(78,465)
(5,408)
(1,500)
(2,318)
(367,770)
(484,937)		 Balance at 31
March 2024
£
70,000
189,723
259,723
319,641
-
-
-
-
-
-
-
-
-
319,641
579,364

Page 21

DocuSign Envelope ID: 47CACBD5-8855-4D9B-8497-77717BB8271E

LUTON IRISH FORUM (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

13. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
Designated funds
Designated fund
General funds
General fund
Total Unrestricted funds
Restricted funds
Building
Department of Foreign Affairs and Trade; Emigrant
Support Programme
Luton Rising
Luton Borough Council
Bedford and Luton Community Foundation
Irish Youth Foundation
The Wixamtree Trust
Ireland Fund of Great Britain
The Harpur Trust
Access to Justice Foundation
Total of funds		 Balance at
1 April 2022
£
70,000
198,937
268,937
337,067
-
-
-
-
-
-
-
-
-
337,067
606,004		 Income
£
-
163,853
163,853
-
162,285
26,111
20,000
19,750
6,000
5,000
8,000
10,200
12,196
269,542
433,395		 Expenditure
£
-
(205,490)
(205,490)
(8,713)
(162,285)
(26,111)
(20,000)
(19,750)
(6,000)
(5,000)
(8,000)
(10,200)
(12,196)
(278,255)
(483,745)		 Balance at
31 March
2023
£
70,000
157,300
227,300
328,354
-
-
-
-
-
-
-
-
-
328,354
555,654

Page 22

DocuSign Envelope ID: 47CACBD5-8855-4D9B-8497-77717BB8271E

LUTON IRISH FORUM (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

13. Statement of funds (continued)

Unrestricted funds have previously been designated for the payment of the employment costs of the chief executive officer of the charity. This is released on an annual basis, by way of funds transfer, to cover the employment costs in that year of the chief executive officer.

Project/ Post Funder Cost Centre Chief Executive Officer Department of Foreign Affairs and Salary, NIC and project costs Trade; Emigrant Support Programme Welfare Service Department of Foreign Affairs and Trade; Emigrant Support Programme Luton Rising (formerly Luton Airport Limited) National Lottery Community Fund Bedford and Luton Community Foundation - Recovery and Collaboration Fund Salary, NIC and project costs Ireland Fund of Great Britain Project costs Social Activities National Lottery Community Fund Irish Episcopal Council for Emigrants Project Costs Festival Department of Foreign Affairs and Trade; Emigrant Support Programme Project costs Luton Airport Limited Project costs Various sponsors Project costs Intergenerational Department of Foreign Affairs and Trade; Emigrant Support Programme Youth Department of Foreign Affairs and Trade; Emigrant Support Programme Irish Youth Foundation Project costs JJ12 Charity Project costs Volunteering National Lottery Community Fund Traveller Support Department of Foreign Affairs and Trade; Emigrant Support Programme Luton Borough Council Project costs

Salary, NIC and project costs

Salary, NIC and project costs Salary, NIC and project costs

Project costs Salary, NIC and project costs

Project costs Project costs Project costs Salary, NIC and project costs

Project costs Project costs Salary, NIC and project costs

Salary, NIC and project costs Project costs

Website Department of Foreign Affairs and Trade; Emigrant Support Programme Core Costs Lloyds Foundation

Project costs

Overheads

Luton Digital Skills Project European Social Fund

Salary, NIC and project costs

Page 23

DocuSign Envelope ID: 47CACBD5-8855-4D9B-8497-77717BB8271E

LUTON IRISH FORUM (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

14. Analysis of net assets between funds

Analysis of net assets between funds - current period

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Restricted
funds
2024
£
319,641
-
-
319,641		 Unrestricted
funds
2024
£
2,591
388,803
(131,671)
259,723		 Total
funds
2024
£
322,232
388,803
(131,671)
579,364

Analysis of net assets between funds - prior period

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Restricted
funds
2023
£
328,354
-
-
328,354		 Unrestricted
funds
2023
£
3,456
276,369
(52,525)
227,300		 Total
funds
2023
£
331,810
276,369
(52,525)
555,654

15. Related party transactions

The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 31 March 2024.

Page 24