Irish Elderly Advice Network Charity Registratlon No. 1115711 Company Registration No. 5642515 Trustees, Annual Report and Unaudited Financial Statements For the Year ended 31 March 2025
Reference and Administrative Details Charity Name: Irish Elderly Advice Network Legal Status: The Charity's governing document is the Memorandum and Articles of Association dated 1 December 2005, as amended 13 December 2023. Company Number: 05642515 Charity Number: 1115711 Reglstered Address: IEAN, London Irish Centre, 50-52 Camden Square, NW19XB. Trustees who served durlngthe year: Tom Wheeler (Chairperson) Geraldine Casey, (Treasurer) (appointed 29 May 20241 M8ry Fi nola Marriott (Vice-chairl William Faughnan John Bernard O'connor Maeve Heath (resigned 6 June 20241 Dr Mary Ni Lochlainn (appointed 29 May 2024) James Clare John Patrick Lynch {appointed 29 May 20241 Independent Examiners.. Shruti Soni Limited, Chartered Certified Accountants 117A St. John's Hill. Sevenoaks TN13 3PE Bankers: Natwest Bank PIC
Irish Elderly Advice Network (A company limited byguarantee, not having 8 share capital) TRUSTEES. ANNUAL REPORT For the financial year ended 31 March 2025 The Iruslees, who are also directors of the Company for the purpose of the Companies Act, present their annual report and financial slalemenls for the year ended 31 March 2025. This is also a Directors, Report as required by Companies Act 2006. The financial statements have been prepared in accordance with the accounting policies sel out in note 1 of the accounts. They comply with th8 charity's governing document, the Charilies Act 2011. and the Accounting and Reporting by Charities.. Slalemenl ol Recommended Practice I'SORP'I. applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland 1. Structure, Governance and Management The organisation is governed by its Articles of Association and is managed by a Board of Trustees who are also directors under company law. Trustees are recruited based on skills, experience and community representation. New trustees receive an induction, and ongoing governance training is provided as required. Staffing Structure Nora Mulready: CEO Damien Gralnger: Assistant CEO and Head of Finance Caroline Hetherton: Head of HR, Volunteering and Support; Secretaryto the Trustee Board Barbara Blake: Head of Housing and Caseworker Kieran Parsons: Senior Caseworker Clara Holland: Head of Community Development and Befriending We thank all staff fortheir professionalism, dedication and compassion. We are very pleased to report stable staffingwith experienced staff members in all roles.
Volunteers IEAN'S work is made possible by a large and committed team of volunteers who contribute to befriending, outreach, events, Lunch Clubs, fundraising and administrative support. We offer particular thanks to: Lunch Club Volunteers and Admin volunteers Volunteers from Haringey Community Collaborative Befriending volunteers from Holloway Gaels GAA Football Club Volunteers from St Thomas More Parish Volunteers from Horohoe and Murphy-lrish construction companies in the UK Their generosity and commitment significantly expand the reach of our services. 2. Objectlves and Activlties Charitable Objectives To promote any charitable purpose, in particular but not exclusively, forthe benefit of older {aged 55 and above) persons who identify themselves as Irish resident in the UK by, but not limited to: Relieving their poverty by the provision of advice and informatio n about health, welfare, housing, and social benefits. The advancement of education, including art, music and Srish culture. and the protection of health and the relief of sickness and distress, includingthe promotion of social, recrealion and leisure activities in the interests of socia I welfare and i n order to address isolation and i mprove their quality of life. In shapingour objectives for the year and planning our activities, the trustees confirm that they have referred to the guidance contained in the Charitycommission's general on public benefit and have complied with Section 4 of the Charity'sAct 2011. 3. Main Activities and Achievements in the Year 3.1 Welfare and Advlce Services IEAN provided a comprehensive welfare service that included: UK and Irish pensions Welfare benefits and appeals Cost-of-living support
Hardship grants and utility bill reductions Financial stability and budgeting support Care Act support and advocacy relating to care needs for older people and family members. Irish passport applications Blue Badges and Taxi Cards Our helpline operatecl Monday-Friday, 1 Oam-1 pm and is staffed by caseworkers who can give advice on the spot. The Helpline is a priority area for IEAN and we are committed having a non-automated service so that older people calling the Helpline can speakto a person as soon as possible. The Phone Line is supported by in-person appointments and drop-in services at: Irish Elders Cultural Centre, Hackney (appointments and drop-in) Kingsgate Resource Centre, Kilburn lappointmentsl Monthlyoutreach at Irish Pensioners Forum of East London Istratford East London) (appointments and drop-inl St Joseph's Parish Centre, Islington (appointments and drop-inl. This service has now moved to our Hackney office). IEAN office at the London Irish Centre, Camden (appointments and drop-inj Financialgains secured for older people: £3.6million. 3.2 Housing Support IEAN is recognised for excellence in housingadvocacyfor older people, This yearwe: Secured nomination rights with housing associations across 20 London boroughs Supported older people to secure safe. secure, long-lerm housing Resolved issues includingdisrepair, damp, safety hazards, tenancy concerns and complex landlord disputes This service transformed lives by ensuring stable, safe and dignified homes. In the last year. we housed 84 older people from homelessness. impending homelessness, sofa- surfing. and inappropriate housing, into life-long, secure. sheltered housing in Housing Associations and Alms Houses.
3.3 Irish Elders Lunch Club Ourweekly Lunch Club continues to be a critical social and cultural support for older people. It provides.. A hot. nutritious meal Companionship and peer support A culturally Irish environment of music, conversation and community For many, the Lunch Club is their main social contact each week and helps combat loneliness. We provided 3240 hot meals to older people In the last year. 3.4 Befrlendlng Servlce The befriending service expanded signif icantly this year, offering: Regular phone calls Home visits Emotional support Practical assistance The highlight has been our partnership with Holloway Gaels GAA Football Club, whose players volunteer as befrienders. This intergenerational model has strengthened community ties and created deep, meaningful relationships between youngvolunteers and older people. 3.5 Cultural and Soclal Projects IEAN continued to support these independent older Irish groupslcharities to develop their projects.. Irish Pensioners Forum of East London Irish Pensioners Choir- we assisted the IPC to become a charitythis year, a milestone in the development of the choir. These projects foster community, identity and belonging.
3.6 Partnerships St Thomas More Parlsh We are gratefulfor the strongsupport of Fr Clive Lee and the parish community ofst Thomas More. Theirwelcome and practical support have enabled older Irish people to stay connected spiritually and socially. Irish Pubs in London We warmlythank London's Irish pubs for their friendship and generosity. including: Manions, The Auld ShilLelagh, The King's Head, and The Sheephaven Bay. Their help with fundraising and community events has been invaluable. 4. Fundraising and Income Generation We gratefully acknowledge support from: Emigrant Support Programme IDepartment of Foreign Affairs, Government of I relandl Electricity Supply Board Dublin National Lottery- Awards for All Hackney VCS Community and individual donors Fundraising events and activities The trustees confirm that all fundraising activities adhered to recognised standards and ethical guideli nes. 5. Financial Review Results forthe Yearto 31103125 Duringthe yearthe Charity received incometotalling £323,21412024: £302,673) of which £249,687 was restricted12024: £239,130). Expenditure totalled £320,21712024: £292,494). Net income forthe yearwas £2,99712024- £10,179}. Total charity funds at theyear end were £56,58012024: £53,583) ofwhich unrestricted funds were É56,580 {2024: £50,329) and restricted funds were £nil12024: £3.2541.
Reserves Policy IEAN'S Reserves Policy is to hold reserves equivalent to three months of net operatlng costs to cover cash flow, contingency and to plan future costs which equates to reserves of approximately £39.000. As at 31 March 2025, unrestricted reserves stood at £56,580 which is higher than what is expected under the reserves policy. Principal Funding Sources The charity receives income from grants, donations, fundraising and welfare-related project funding. The charity's principal grant funding sources are: Emigrant Support Programme, Department of Foreign Aff airs and Trade, Irish Government,, National Lottery Awards for All, Irel8nd Fund Great Britain and City Bridge Trust. In additional, we fundraise throughoutthe year and receive donations from individuals and corporate sponsors. 6. Principal Risks and Uncertainties Key risks identified include.. Increased demand for welfare and housing support Li mited availability of affordable, safe housing Rising operational costs Dependence on grant funding Risk management processes include regular review by trustees, strong financial oversight, safeguarding measures, and appropriate insurance coverage. 7. Plans for Future Periods IEAN plans to: Expand befriending and communityoutreach Strengthen partnershipswith parishes and Irish communityorganisations Increase capacityforwelfare and housing support Develop additional cultural and social projects
Enhancevolunteer recruitment and training Continue improving governance, safeguarding and digital systems 8. Statement of Trustees, Responsibilities The trustees, who are also directors of Irish Elderly Advice Network for the purpose of company law. are responsible for preparingthe financial statements in accordance with applicable law and regulations. Company law requires the trustees as the directors to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United KingdomA¢counting Standards and applicable lawl including FRS102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Under company lawthe trustees must not approve the financial statements unless theyare satisfied that they give a true and fair view of the state of aff8irs of the company and of the net income or expenditure of the companyforthat period. In preparing these financial statements, the trustees are required to; select suitable accounting policies and apply them consistently. make judgements and accounting estimates that are reasonable and prudent; state whether the financial statements have been prepared in 8ccordance with applicable accounting standards, identify those standards, and note the effect and the reasons for any material departure from those standards; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the companywill continue in operation. The trustees are responsible for keepingadequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at anytime the financial position ofthe company and enable them to ensure that thefinancial statements complywith the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence fortaking reasonable steps f or the prevention and detection of f raud and other irregu larities.
In so far as the trustees are aware: there is no relevant audit information (information needed by the company's auditor in connection with preparing the auditor's report) of which the company's auditor is unaware. and the trustees have taken all steps that they ought to have taken in order to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information. Approval This reportwas approved bythe Board ofTrustees on on its behalf by: and signed Tom Wheeler, Chairperson 2211212025
Independent Examiner's Report to the Trustees of Irish Elderly Advice Network I report to the charitytrustees on my examination of the accounts of the company forthe year ended 31 March 2025 which are set out on pages 12 to 23. Responsibilities and basis of report As the charity trustees of the company land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements ofthe Companies Act 2006 {'the 2006 Act'l. Having satisfied myself that the accounts of the company 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 companls accounts as carried out under section 145 of the Charities Act 20111'the 2011 Act'}. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145{5llbl of the 2011 Act. Independent examiner's statement Since the companws 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 l am qualified to undertake the examination because l am a member of the Association of Certified Chartered Accountants, 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 that in any material respect: accounting records were not kept in respect of the company as required by section 386 ofthe 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 lapplicable 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. Signed.. Shruti Soni FCCA ACIE Shruti Soni Ltd 117a St Johns Hill Sevenoaks TN13 3PL Date 22 december 2025
Irish Elderly Advice Network Statement of financial activities li ncorporating an income and expenditure accountl For the ear ended 31 March 2025 2025 2024 Total Unrestricted Restricted Total £IRestatedl £IRestatedl £IRestatedl Unrestricted Restricted Note Income from.. Donations and legacies Charitable activities Cost recharge from I rish Pensioners Choir Event Income Other trading activities 45,843 249,687 295,530 46,797 239,130 285,927 10,910 16.734 40 10,910 16,734 40 480 16,016 250 480 16,016 250 Total income 73.527 249,687 323,214 63,543 239,130 302,673 Expenditure on.. Raising funds Charitable activities 22,451 44,825 22,451 297,766 17,650 36,921 17,650 274,844 252,941 237,923 Total expenditure 67.276 2S2,941 320,217 54,571 237,923 292,494 Net Income / (expendlture) for the year 6,251 13,2541 2,997 8,972 1,207 10,179 Transfers between f unds Net movement in funds 6,251 13,254) 2,997 8,972 1,207 10,179 Reconci liation of funds.. Total fu nds brought forward 50,329 3,254 53,583 41,357 2,047 43,404 Total funds carried forward 56,580 56.580 50,329 3.254 53,583 All of the above results are derived from continuing activities. There were no other reco9nl sed gains or losses other than those stated above. Movements in funds are disc105ed in Note 12 10 the fi nancial statements.
Irish Elderly Advlce Network Company no. 5642515 Balance sheet As at 31 March 2025 2025 2024 Note Current assets.. Debtors Cash at bank and in hand 25,578 75,055 8,563 154,927 100,633 163.490 Liabilities.. Creditors= amounts falling due within one year 44,053 110,907 Net current assets l (liabilities) 56,580 52,583 Total assets less current liabilities 56,580 52,583 Total net assets l (liabilities) 56,580 52,583 The funds of the charity.. Restricted income funds Unrestricted income funds.. General funds 3,254 56,580 50,329 Total u nrestricted f unds 56,580 50,329 Total charity funds 56,580 53,583 The chariiable company is entitled to exemption from audit under section 477 of the Companies Act 2006 for Ihe year ending 31 March 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with section 476 of the Companies Act 2006. The Trustees acknowledge their responsibilities for la) ensuring that the charitable company keeps accounting records ihai comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as al the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to charitable Small companies. Approved by the Trustees on 22 Dec 2025 and signed on their behalf by Tom Wheeler Chairperson
Irish Elderly Advice Network Notes to the financial statements For the ear ended 31 March 2025 l Accounting policies a) Basis of preparation The financial statements have been prepared in accordance with 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) 2019, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) and the Companies Act 2006, Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note. b) Pu bl ic benefit entity The charitable company meets the definition of a public benefit entity under FRS 102. cl Going concern The trustees consider that there are no material uncertainties about the charitable company's abllity to continue as a going concern. There are no keyjudgements that the charitable company has made which have a significant effect on the accounts. d) Key source of estimation, uncertainty and judgement The preparation of financial statements in conformity with generally accepted accounting practice requires trustees to make estimates and judgements that affect the reported amounts of assets and liabilities as well as the disclosure of contingent asset5 and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period. There is estimation uncertainty in calculating depreciation. A review of fixed assets is carried out by the trustees regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets. e) Income Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably. Income from government and other grants, whether'capital, grants or 'revenue' granis, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met, f) I nterest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity,. this is normally upon notification of the interest paid or payable by the bank.
Irish Elderly Advice Network Notes to the financial statements For the ear ended 31 March 2025 l Accounting policies (continued) g) Fund accounting Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund. Unrestricted funds are donations and other incoming resources received or generated for the charitable purpose5. Designated funds are unrestricted funds earmarked by the trustees for particular purposes. h) Expenditure and irrecoverable VAT Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings.. Cost5 of raising funds relate to the costs incurred by the charitable company in inducing third parties to make voluntary contributions to ii, as well as the cost of any activiiies with a fundraising purpose Expenditure on charitable activities includes the costs of provision of space and services undertaken to further the purposes of the charity and their associated support costs Other expenditure represents those items not falling into any other heading Irrecoverable VAT is charged as a c05t against the activity for which the expenditure was incurred. i) Operating leases Rental charges are charged on a straight line basis over the rerm of the lease. J) Tangible fixed assets Items of equipment are capitalised where the purchase price exceeds £500. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for Impairment if circumstances indicate their carrying value may exceed their net realisable value and value In Use. Where fixed assets have been revalued, any excess between the revalued amount and the historic cost of the assei will be shown as a revaluation reserve in the balance sheet. Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows.. Computer Equipment straiqht line over 3 years k) Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. l) Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Cash balances exclude any funds held on behalf of service users.
I rish Elderly Advice Network Notes to the financial statements For the ear ended 31 March 2025 l Accounting policies Icontinued) m) Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their seiilement amount after allowing for any trade discounts due. 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 setilement value with the exception of bank loans which are subsequently measured at amortlsed cost using the effective interest me(hod. n) Pensions Employer contributions to employees defined contribution pension schemes are charged to Statement of Financial Activities during the year. 2 Income from donatlons and legacles 2025 Total 2024 Total £(Restatedl Unrestricted Restricted Website Donations Client Donations Corporate Donations Paypal Donations Sponsorships Emigrant Support Program Grant Ireland Fund Great Britain Grant Lottery- Community Grant Caritas STM Lunch Club Grant City of London Culture Grant L B Hackney Grant Tottenham District Grant Mccarihy Stone Grants Percy Bilton Grant Hackney Giving 261 12,183 33,399 261 12,183 33,399 3,659 20,770 3,256 18,000 156,563 4,000 35,063 9,834 31,800 1,470 400 173,000 12,000 39,937 15,000 7,500 173,000 12,000 39,937 15,000 7,500 750 750 750 750 750 750 45,843 249,687 295,530 285,927 Out of the donations and grants received in 2024 1£285,9271, £46,797 were unrestricted and £239,130 were re stricted. Income classification for 2024 between Income from Donations and Legacies and Charitable Activties has been restated to ensure consistency.
Irish Elderly Advice Network Notes to the financial statements For the year ended 31 March 2025 3 Analysis of expenditure Support Costs 2025 Total 2024 Total Staff Costs Other Costs Cost of Generating Funds 17,970 4,482 22,452 17,650 Charltable Activities Welfare services Cultural and Social activities 177,389 60,937 44,242 15,198 221,631 76,135 190,224 84,620 Total expenditure 256.296 63,922 320,218 292,494 Of ihe total expenditure, £67,276 was unrestricted 12024.. £54,571) and £252,941 was restricted12024'. £237,923). Support Costs 2024 Total Staff Costs Other Costs Cost of Generatin9 Funds 13,110 4,540 17,650 Charitable Activities Welfare se rvices Cu Itu ral and Social activities 140,994 42,628 400 27,229 48,830 14,763 190,224 84,620 Total expenditure 196,732 27,629 68,133 292,494 Breakdown of Support Cost 2025 2024 £(Restated) 602 Insurance Outing5 1 meetings l event5 Governance (legal and professional) Communication and advertising Governance (audit fees) General offi ce Rent and service charges Total Support Cost 820 18,917 2,273 7,473 1,394 4,513 32,998 960 20,352 19,486 63,922 68,133
Irish Elderly Advice Network Notes to the financlal statements For the ear ended 31 March 2025 Net incoming resources for the year This is staled after charging I crediting.. 2025 2024 Operating lease rentals: Office Equipment Auditors, remuneration (excluding VAT).. Audit Independent examination 2,640 2,640 4,513 1,860 Analysis of staff costs, Trustee remuneration and expenses, and the cost of key management personnel Staff costs were as follows.. 2025 2024 Salaries and wages Social security costs Employer's contribution to defined contribution pension schemes Freelance Staff 219,244 17,779 5,951 13,322 175,152 11,629 6,713 3,238 256,296 196,732 No employee earned more than £60,000 during the year (2024,. nil). The total employee benefits excluding pension contributions of the key management personnel were £58,92012024.' £47,033). The charity Trustees were not paid or received any other benefits from employment with the charity in the year (2024.. £nil). No charity Trustee received payment for professional or other services supplied to the charity (2024: £nil). Trustees were not received payments for any reimbursement of travel and subsistence costs during the year (2024-. £nil). Staff numbers The average number of employees (head count based on number of staff employed) during the year was as fol lows.. 2025 2024 No. Project Workers and Administration Chief Executive Off ice r
Irish Elderly Advice Network Notes to the financial statements For the ear ended 31 March 2025 Related party transactions There are no related party transactions to disclose for 2025 12024.. none). There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties. Taxation The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes. Debtors 2025 2024 Trade debtors Other debtors 20,000 5,578 3,580 4,983 25,578 8,563 l O Creditors: amounts falling due within one year 2025 2024 Trade Creditors Other Creditors Accruals Taxation and social security Pensions Deferred income 7,246 524 3,710 526 2,547 29,500 10,382 524 13,017 2,547 84.437 44,053 110,907
Irish Elderly Advice Network Notes to the financial statements For the ear ended 31 March 2025 I l Analysis of net assets between funds at the end of year General un restricted Designated Restricted Total funds Tangible fixed assets Net current assets 56.580 56.580 Net assets at the end of the year 56,580 56,580 Analysis of net assets between funds at the start of year General unrestricted Designated Restricted Total funds Tangible fixed assets Net current assets 50,329 3,254 53,583 Net assets at the end of the year 50,329 3,254 53,583 20
Irish Elderly Advice Network Notes to the financial statements For the ear ended 31 March 2025 12 Movements in funds At the start of the year Income & Expenditure gains & losses At the end of the year During the year Transfers Restricted fund s.. Restricted fu nd s 3,254 249,687 (252,941) Total restricted funds 3,254 249,687 {252,941) Unrestricted funds: General funds 50,329 73,527 167,276) 56,580 Total un restricted funds 50,329 73,527 167,276) 56,580 Total funds 53,583 323,214 1320,217) 56,580 At the start of the year Income & Expenditure gains & losses At the end of the year Durlng prevlous year Transfers Restricted funds: Restricted funds 2,047 239,130 (237,923) 3,254 Total restricted fu nds 2,047 239,130 1237,923) 3,254 Unrestricted funds General funds 41,357 63,543 154,571) 50,329 Total unrestricted funds 41,357 63,543 (54,571) 50,329 Total funds 43,404 302,673 (292,494) 53,583
Irish Elderly Advice Network Notes to the financial statements For the ear ended 31 March 2025 Purposes of restricted funds The Emigrant Support Program (ESP) grant is a 12 month grant that funds both our welfare and core projects. It allows us to deliver crucial services to the ex-pat older Irish community in London. The Ireland Fund Great Britain (IFGB) grant was awarded to help fund a chef for our weekly lunch club for the Elderly Irish Community from our cultural centre in Hackney. The Lottery Community Fund grant was awarded to help IEAN reach as many vulnerable older people struggling with the cost of living and help them obtain entitlements and benefits. Caritas partnered with IEAN and St Thomas More Parish, Hackney to help run our weekly pensioners lunch club which also connects people in the community and links them to other services. LB Hackney awarded IEAN funding as community champions in the borough of Hackney promoting our own and other providers seNices. We receive Small grants from Tottenham District on behalf of older residents to allow them to buy furniture or white goods when we have secured them a permanent home. Mccarthy Stone, Hackney Glvlng and Percy Bilton awarded grants for our communlty kitchen and Christmas meals for Pensioners whlch brings older people together for a shared meal and a community event at Christmas. 22
Irish Elderly Advice Network Notes to the financial statements For the ear ended 31 March 2025 13 Legal status of the charity The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to an amount not exceeding £1. 14 Deferred Income Government of Ireland Emlgrant Support Programme A grant of £158,000 was received for tkie year from I stjuly 2024 to 30th June 2025. The funds were restricted for the following projects,, Culture and Core Project £70,000 and Welfare Project £88,000. Nine months grant income was utilisted in the period to 31 st March 2025. Just over three months grant income amounting to £29,500 has been deferred to the 2025-26 year and will be utilised by 30th June 2025. Three months grant income amouniing to £44,500 deferred from 2023-24 has been uiilised this year. Funding each year is conditional on written confirmation from the Irish Government of IEANS core funding. 23