Charity Reglrtration No. 1119027 Company Registration No. 06028027 (England and Wales} THE EMERALD CENTRE (COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE EMERALD CENTRE LEGAL AND ADMINISTRATIVE INFORMATION Trustees Michael Walker Noel Melvin Stephen Ashley Robert Berryman Teresa Spi15bury Diane Cank Andrew McKenna IAppointed 27 November 20241 Secretary Noel Melvln Senlor Mana8ement Kiran Kala Chlef Executive Officer Charity number (England and Wales) 1119027 Company number 06028027 Pr5ncSpal address 450 Gipsy Lane Leicester LE5 OTB Re8lstered office 450 Gipsy Lane Leieester LE5 OTB Independent exam5ner Thomas Mayfield 8A FCA Mayfield & Co IAccountantsl Ltd 2 Meru5 Court Meridian 8usines5 Park Leicester LE19 IRJ Banker5 Metro Bank 1-3 Haymarket Leicester LEI 3GD Sollcitors Baflow Poyner Foxon Solicitors l Berridge Street Leicester LEI SJT
THE EMERALD CENTRE CONTENTS Page Trustees report Independent examlner's report Statement of financial activities Balance sheet io Notes to the financial statements
THE EMERALD CENTRE TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustee5 present their annual report and financial statements for the year ended 31 March 2025. The financial statements have been prepareLI in accordance with the accounting pollcies set out in note I to the financial statements and comply with the charity's Igoverning doeumentl, the Companies Act 2006 and "Accounting and Reporting by Chdrities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iland IFRS 1021" leffective l January 20191. The Emerald Centre Iformerly known as The Leicester Irish Sports and Cultural Association) was established as a registered charity and a Company Limited by Guarantee in 2006. 8ased in Leicester East, the site is leased from Leicester City Council nd has IS years lease remaining. The Community Centre was Funded through Leicester Clty CoLtncil Single Regeneration Budget 2006 and the European Regional Development Fund. Objertlves and actlvStles The Emerald Centre's objectlves set out in its Governln8 Document are.. -To provide a community centre for people from the Greater Humberstone Area and now deslgnated as the Troon Ward area of the city with a partlcular emphasis on excluded and disadvantaged groups. -To create opportunlties for ethnSc minorily groups to work together and foster better community relations. .To provide trainlng, recreational, cultural activlties for Irish Travellers, elders and local communities, -To provide an advlce centre wlth access to 2nd tier co-ordinatSon and traSnin8 services, especlally advice and guidance to promote healthy living paying particular attentlon to racial and social diversity of the local area. The charity works to achieve these objectSves through an infrastructure deliverin8 a range of 5ervlces including tralning Pfogrammes, advite and guidance, health initiative5 and variou5 Other initiatives. Through working in partnership with external agencies, these servlces have enabled the local community to access the training, edu£3tional and advisory servlces resulting in making a significant contribution to long-term economic development within the community. We a150 hope to see long- term Smprovements in community health and fitness levels through the charity's emphasis on widening access to Sporting activities and health related programmes. Mlsslon Statement The Emerald Centre's misslon statement adopted in January 2020 is.. "To promote and enable inclusive activities, whlch embrace and addre55 the education, tralnln8, Èmployment, welfare, health, social, cultural, and recreatlonal needs of the local communlty and wider distrirt, Includin8 the Irlsh Diaspora." The main revenue funding has traditionally been obtained from the Irish Government's Emigrant Support Programme to prlmarily meet the needs of the Irish community in Leicester & Leicestershire. Additional revenue funding has been obtained from various funding streams throughout the years to meet the needs of the wider community, partitularly those people who are most in need.
THE EMERALD CENTRE TRUSTEES REPORT (CONTINUED}(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Objertlves and ortlvltiesfvr the public benefit The type of activities that have been dellvered at the Centre have been deslgned to meet the needs of the people it serves. Since April 2023 service delivery is underpinned by the Charity's objectives and the Trustees continuous monitoring of artivities ensures that the work dellvered remains within the realms of the Emerald Centre's charitable purposes. Emerald Centre services have consistently met the Irish Government's Emigrant Support Programme objectives by addresslng the evolvlng needs of the ISI 2nd ènd 3, generation wlthin the Irish Diaspora, with a particular focus on alleviatin8 loneliness & Isolation amon8St vulnerable elderly Irish members through providing educational, recreational ènd social programmes. The Centre's outreach Shine a Light 8efriending project has demonstrated the effectivene55 of the one to one support offered to 1501ated members resulting with many joining group activity and m3intainin8 a sense of Independence. The on-site face to face weekly activities have included a weekly walking Eroup, luncheon clubs, advice and Snformation surgeries. Adult Education classes, armchair aeroblcs. Arts and Crafts and Bingo sessions. The staff team offer one-to-one support on a drop-in basi5 and there are numerous social events in the evenings offering quiz nights, film evenings, literary session5, Ir15h Language and Comhaltas Music sessions, and additional off.slte trlps partnering with other Irish community organisations in the region. Access5billty to the Centre for fraller members has been facilitated through a pick-up/ drop.off seThice using the Centre'5 mSnibus. The above activities have allevlated loneline55 and isolation resulting in improving health and well- bein8 amongst our members and thelr familylcarers. Addltional activlties for the Irish and wider communitie5 Include an advice and Information Energy Efficiency service, Englssh to Speakers of Other LanBuage5 IESOLI, di8ltal inclusion advice with practical 5UPPOrt promoting educational opportunities and a Famlly Ancestry Research project, capturing member life stories on film and audio recordin8s. The centre maintains and facilitates the use of it's football pitches for home team5 including the LeScester Naomh Padraig Gaelic Football Club. The Emerald Centre boasts the only GAA full size pitch in Leicestershire and is pleased to cater for UK wlde GAA teams. The centre has a licensed bar and has become established as a venue for private hire by the communities. It is patronised increasingly by community members for funeral receptions, celebrations and annlversaries. The sustainability of the services has been driven by volunteers, largely recruited throu8h the established User Groups of the Centre. The volunteers from these organisations have contributed to establishing the activities as 'regulor' activities. Volunteers receive an induction and a Volunteering Handbook containing a description of the responsibilities of the roles. The core staff team provide 5UPPOrt on an on-going basis and there are policies and procedures Sn place to address complaint5 and conduct. The Emerald Centre ensu$ that all volunteers are D85 checked and are given opportunities to develop new skills. Contribution of time from volunteers ensures that the Charity's objectlves are delivered through removing barriers to partlcipation by providing much needed transport to older people. The Emerald Centre's minibus has continued to be funded through successful fund-raising primarily by Volunteers from the Boys of Wexford Cycling Group through their nnual sponsored bike ride travelling from Leicester and cycling round the coastal towns of Ireland over 5 day5. The Charity's activities have been monitored through monthly reports produced by the Centre Manager. These reports have been presented at regular Trustee meetings, where all aspects of the Charity's work is considered, including financial updates, policy and procedures reviews and Safeguardlng issues.
THE EMERALD CENTRE TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Achievements and performance The type of activities that have been deliVed at the Centre have been designed to meet the needs of the people It serves. The cent'S activities are augmented by the Centre's User Groups activities. The Outreach Intensive Shine a Light project work5 in collaboration with Naomh Padraig Gaelic Football Club, Comhaltas, Irlsh Studies Group, Irish Language Group and GATE project. The Outreach Intensive Support SeIce relleves anxiety and Increases positlve mental health and well-belng for our members through home visits. frequent telephone service, weekly food parce15 and hot dinners, providing much needed befriending throu8h one to one support. Members experiencing poverty have received financlal literacy support and help to access welfare beneflts, health and Social care services and food through the local foodbank, The Outreach Intensive Support Workers have worked in partnership with organisalions hosting advice surgeries at the Centre for the wider public. Increased physlcal artivities and 50ciallsSn8 Wlth peers has enhanced the quality of life, reducln8 social Isolation and lonellne$5 for our members. Senior members have attended several off-site visits during this reporting period to numerous country parks and various visitor attractions throu8hout Leicester and Leicestershire, increasing their well-being. Safety and 5afe8uardin8 Issues of our members Is recorded in Care plans through to end of life for each of our elderly member5. There is a managed handover to Statutory setvices enabling members to acte55 appropriate 5ervlce5. The intensive outreach support comprlses of home visits, collecting prescriptions, accompanying client5 to GP, hospital and Recovery Services. The 5eNice has experienced an increase In providing bereavement support and the Centfe has provided support throu8h transporting members to funerals and hosting the receptlons at the Centre. Thls ha5 provlded comfort and assurance to members Wlthin our community during very emotionol and diff icult times. There h?5 also been an increase in the number of elderly members enterin8 residential home care. The centre staff have advocated and liaised with Adult Social Care on behalf of families and ensured that member5 are supported whilst settlin8 Into their new environment through frequent vlsits. Wherever posslble, members residing in care home5 have been collected and bought to activities at the Centre. Family members and carers have contlnued to be supported through phone calls after their loved ones have passed or are in a care home. This liaison has seen an increase In the number of people attending the Centre's activities, as previously many 2nd generation Irlsh member5 were unaware of the variety of the activities èt the Centre or felt their needs were not catered for. We have found that 2nd generation Individuals caring for their elderly parents have often expressed sadness and loneliness once thelr duties as carers comes to an end. In addition, the Centre promotes education in the community through our partnership with Leicester Adult Learning Service, enabling ttjtors to support members to learn new IT skills to widen digital inclusion and teaching ESOL (English to Speakers of Other Langua8e51 ,' Comhaltas providing tuition to young people and adults in Irish Traditional Music and the Irish Language Group have all helped to increase the profile of the Emerald Centre as a training venue. Sultable work experience placements are created for students from a local schools and slxth form community college in hospitality and caring for the elderly Sn social settings. This has provided opportunities for students to learn and obtain practical experiente in the Health and Social Care sector. The Emerald Centre site also maintains the Irish Library under the management of the Irish Studies Group, a valuable edutational repository avallable to the local community and the academic community. The Emerald Centre facilitètes the annual St. Bridgid's Day celebration and hosts the City's St. Patrick's Day Parade attracting an audience of over 600 people. The Emerald Centre is a member of the regional Fare5hare Charity, and for a subscription, obtains food to be distributed to the community via the Northfield Food Bank, it's local partner. The User Groups of the Centre, which include the Emerald Seniors Luncheon Club, Milan Asian Lunch Club, Comhaltas, Irish Language Group and the Football and Gaelic Football teams host frequent social and cultural events throughout the year.
THE EMERALD CENTRE TRUSTEES REPORT (CONTINUEDI(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 External Stakeholders and Jolnt Working The Emerald Centre is currently the only community hub and sports facility in the East of the City and is a valuable resource and partner in the delivery of essential services for local communities. Successful joint working protocols and partner5hip5 include.. Reachlng People Consortlum.. The Emerald Centre successfully delivers projects on behalf of the Consortium. Currently, the Centre Manager is a Trustee on the Board of the Consortium. Lelcester Adult LearnlnB Ser¥l¢e.' The Emerald Centre facilities provide a permanent base in the East of the City enabling adult learning to be delivered to members of the wider community. Northfleld Food Bank.. The Emerald Centre works closely with the local food bank, supporting the distribution of food porcels to the local community, as well as providing a weekly food parcel delivery, including provision of Irish branded produce to vulnerable Irish elderly people across Leicester and Leicestershire. Local Schools.. The Centre's playing fields continue to be used by the neighbouring schools during term time for various sports events and activities. Current FundSng Model of the Emerald Centre The Emerald Centre has been sustainable through obtaining funding from five funding streams.. Grants Revenue for salaries, overhead5 and activities to mee needs Revenue for salaries, overheads and activities Bar lounge, training room, External Porta Cabin football pitches Revenue from sale of beverages Revenue from social income, sponsored activities and luncheon clubs Philanthropists/Trusts Premises Lettings ocial Enterprise- Licensed Bar Donations/Fundraising Current Key Relatlon5hips wlth Fundlng Bodles The Charity'5 key funding relationship is with the Irish Embassy, as it has been providing funding for three e55ential key posts within the Centre. The Embassy has funded 80% of the total cost of these posts, including a proportion of revenue funding incorporating the cost of celebrating the City's annual St Patrick's Day celebration for over a decade. The Emerald Centre has a strong partnership with local voluntary organisations and is able to broker funding opportunities, e.g. Reaching People Con50rtium and Voluntary Action Leicester. The Emerald Centre acknowledges and thanks the funding bodies for supporting it's charitable aims. The Charity has good track record with funding bodie5 through 5ucce55ful completion of funded projects, e.g. The National Lottery, People's Postcode Lottery, People's Health Trust, Leicester City Council Ward Funding, Sports Council England, DEFRA. Leicester and Leicestershire Community Development Foundation, Power to Change, Comic Relief, Football Association and Leicester City Football Foundation and various smaller grants provided by corporate community fundin8 Streams.
THE EMERALD CENTRE TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Financial revlew The statement of financial activities shows total income for the year of £153,421 down from £179,235 and total expenditure of £200,165 up from £186,105. This leaves a total deficit of £46,744 for the year. There remains total reserves of £165,743 carried forward and split between Unrestricted Funds, Designated Funds and Restricted Funds. Explanation on our funding and reserves will be articulated below. Details of the funds and their splits are shown in the statement of financial activities on page 9 and balance sheet on page 10. Reserves Policv The charitable company's aim has always been to hold at least six months normal operational costs in reseryes. Whilst the trustees wish to retain reserves of up to six months 'normal costs" they acknowledge the difficulty in generating sufficient income in these challenging time5, and being able to maintain sufficient funds. The trustees estimate normal ongoSng annual costs to be between E125,000 and £200,000 per year. The charlty had closing reserves of £16S,743 a5 at the 31 March 2025. On the face of it that looks very encouraging. Of those reserves £129,965 are held within unrestricted and deslgnated funds. However, with £35,778 held in restricted funds there are limitations on what these funds can be used for. The figure5 Show that we are In Ilne wlth what we need but will need to monitor finances goin8 forward to ensu we maintain sufficient reserves in order that the charlty can operate in a position of confidence knowing in the medium term we con continue to SUPPOrt our service users. The trustees believe the reserves to be above the stated policy. However, wlth some dlfficult times ahead the trustees believe there is a need for prudence and $0 are happy with the level of resetves at this moment. Restrlcted Funds The Charity rèports a deficit on restrScted funds of £46,104. Thls was planned for and arises because of timlng differences between the receipt of income and when project expenditure arises. We received £114,701 in grants and donations and whilst on a number of projects we have fulfilled our outcomes there will be balances carried forward. We brought forward £81,882 of restricted funds and after reserve transfers of £2,386 we carry forward a balance of £35,778 to undertake the projects in1Sne with donor requirements. In respect of the Emigr3nt Support ProBramme, we always have a balance carried forward to cover the last quarter to the end of lune. In respect of this fund there Is £20.$00 unspent as at the 31 March 2025 in respect of the Ernigrant Support Programme. This IS to cover ongoing costs up to ihe 30 lune 2025 as funding runs from the l July to the following 30 June each year. An additional element of the Sncome recelved from the Emigrant Support Programme was for the Late Life Provision where we are also carrying forward an unspent amount of £4,778. There ore a nymber of other ongolng projects where we are carrying balances forbvard Whe details can be found in the restricted funds note at note 14 on page 18. Unre5trlrted Funds During the year the charity reported a deficit lafter transfers to cover match match funding requirements) on its unrestricted funds. The overall surplus on general vnrestricted funds was £1,746 before reseNe transfers. We brought forward £103,324 of general unrestricted funds from the previous financial year and after the impact of the surplus and reserve transfers of £2.386 this leaves reserves of £102,684 to carry forward.
THE EMERALD CENTRE TRUSTEES REPORT {CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Desi nated Funds In addition to the general unrestricted funds we have 2 designated funds. A general maintenance fund was set up to reseNe funds to cover any major renovation5 or dilapidations as they might arise. There is balance of £7,281 on this fund arried forward. There were no movements in the year. There is a150 a general contingency fund gf £20,000 specifically reserved to cover any Unfo$een major expenditure arisin8 and that cannot be met by OLtr fundraising activitles. Rlsk Poli¢y Statement As part of their overall duties of management, the trustees must ensure thot the major risks to which the company is exposed are reviewed and that SVStems are established to mitigate those risks. The trustees consider that a major risk is one, which if it materialised, would have a significant adverse impact on the charlties ability to fLtnction and achieve its purposes as identified in Sts Memorandum and Articles of Association. The trustees cOgnIse that risks can arise not only from the charity's activities but also from failure to act or exploit opportunities. The trustees actively review the major risks which the charity faces on a regular basis and believe that they have estab5ished systems to mitigate any significant operational or buslness risks. Structurefft governance and management On the 13 December 2006 The Emerald Centre was incorporated under the companies, act 1985 as a private cornpany limited by guarantee. On reBlStration the Company took over the assets and liabilities of the forrner unincorporated association Leicester Irish Sports & Cultural A550cialion as at the 13 December 2006. This association was formed in 1996 nd made considerable progress during the next 10 years prlor to incorporation. Governln8 Document The charity is constituted as a company limited by guarantee, number 6028027 and Is therefore governed by a memorandum and articles of association. The objects and powers are set out In the Memorandum of Association and regulated by the Articles of Association. All members of the charity will be approved by the Trustees and no employee of the company or relative of an employee is a member of the management committee. The management committee is responsible for setting the direction of the charity and establishing policy. The trustees, who are also the directors for the purpose of company law, and who served durlng the year and up to the date of signature of the financial statements were.. Michael Walker Noel Melvin Stephen Ashley Robert Berryman Teresa Spilsburv Declan McNicholl Diane Cank (Resigned 17 october 20241 Andrew McKenna IAppointed 27 November 20241 The eomposition of the Board of Trustees is governed by the Charity's Articles of Association which states that the Board should comprise of a minimum number of three members- there is no maximum number, although 10 would seem a manageable number to administer the charity. The Board meets monthly, or more frequently, if required. There are Sub committees covering sports and social activities. A manager, appointed by the Trustees, is responsible for day-to-day activities.
THE EMERALD CENTRE TRUSTEES REPORT ICONTINUED){INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH2025 Appolntment of Trustees Trustees are elected annually at the Annual General Meeting. The Trustees may co-opt further trustees during the year who will serve until the following Annual General Meeting. The first directors, as required by the Articles of Association, resign at the first Annual General Meeting. Thereafter one third resigns at each Annual General Meeting. All members are circulated with invitations prior to the Annual General Meeting, advlsSng them of the names due to resign and requesting nominations for the Annual General Meeting. The Charity Commission's publication. The Essential Trustee An Introdvction,, is issued to provide gu5dan¢e. All directors of the company are also trustees of the charity. All of the directors stated below seryed throughout the year and continue to be both directors and trustees as at the date of signing of the report. At the AGM held on 27 November 2024. Declan McNichol resigned as Trustee and did not wlsh to be re-elected and Andrew McKenna was formally appointed a5 a Trustee. None of the trustees has 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. None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of o winding up. Related Partle5 The Charity has a related social enterprise which is known as the Emerald Tradlng Centre. The social enterprise is the licensed bar withln the Community Centre. Profit, accrued through trading, is plou8hed back into the Charity to support the charitable objectives of the Charlty. The trustees report was approved by the 8oard of Trustees. Teresa Spllsbury Trustee Dated.. 28 October 2025
THE EMERALD CENTRE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE EMERALD CENTRE I report to the trustees on my examination of the financial statements of The Emefald Centre Ithe charity) for the year ended 31 March 2025. Responsibllities and basss of report As the trustees of the charity land also its dSrectors for the purposes of company lawl, you are spOnSible for the preparatlon of the financial statements in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the financial statements of the charlty are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent exarnination, I report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 1451Sllbl of the Charitles Act 2011. Independent examiner'5 Statement I have completed my examination. I confirm that no matters hove come to my attention in connection with the examination givlng me Cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by section 386 of the CompanSes Act 2006. the financial statements do not accord with those re¢ord5', or the financial statements do not comply wlth the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statemenls give a true and fair view, which is not a matter considered a5 part of an Sndependent èxamination. or the financial statements have not been prepared in accordance wlth the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charitles preparing their financial statements actordance with the Financial Reporting Slandafd applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connection with the examinatlon to whlch attention should be drawn in this report in order to enable a proper understanding of the flnancial statements to be reached. Thoma5 Mayfield BA FCA Mayfield & Co (Accountants) Ltd 2 Merus Court Meridian Business Park Leicester LE19 IRJ 28 October 2025
THE EMERALD CENTRE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 202S Unrestrirted Designated funds funds 2025 2025 Re5tr•rted funds 2025 Total Vnre5trirted Designated funds funds 2024 2024 Restricted funds 2024 Total 2025 2024 Notes Income from: Donations and legacies Other trading activities 11,534 27.186 114,701 126,235 27,186 9,149 21,932 148,154 157,303 21,932 Total income 38.720 114,701 153.421 31,081 148,154 179.235 Expenditure on: Charitable activities 36,974 163,191 2.165 61,975 124,130 186,105 Total expenditure 36,974 163,191 200.165 61,975 124,130 186,105 Net incomellexpenditurel 1,746 148.4901 146.7441 130.8941 24,024 6,8701 Transfers between fund5 12.3861 2.386 19241 924 Net movement in funds Reconciliation of funds: Fund balances at l April 2024 146.104) 146,7441 (31,8181 24,948 16.8701 103,324 27.281 81.882 212.487 135.142 27,281 56,934 219,357 Fund balances at 31 March 2025 102,684 27,281 35.778 165.743 103,324 27.281 81,882 212,487 The statement of financial activities includes all gains and losses retognised in the year. All income and expenditure derive from continuing activities.
THE EMERALD CENTRE BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Note5 Fixed assets Tangible assets 10,500 14,000 Current assets Debtors Cash at bank and in hand 12 9,535 153,553 10,963 195,015 163.088 17,8451 205,978 17,4911 Credltors,. amounts falling due withln one year 13 Net current assets 155,243 198,487 Total assets less ¢urrent Ilabllltle5 165,743 212,487 Net assets excluding penslon liablllty 165,743 212,487 The funds of the charltv Restricted funds Unrestricted funds 8eneral Unrestricted funds designated 14 35,778 102,684 27,281 81,882 103.324 27,281 16 165,743 212,487 The company is entltled to the exemption from the audit requirement contained In settion 477 of the Companles Act 2006, for the year ended 31 March 2025. No member of the company has deposlted a notice, pursuant to section 476, requirin8 an audit of these financial statements. The dlrector acknowledges his responsibilities for complying with the requirements of the Companles Act 2006 with respect to accounting record5 and the preparatlon of financial statements, These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies gIMe. The financial statements were approved by the trustees on 28 October 2025 Robert Berryman Trustee Company gistratIon number 06028027 (England and Wales) 10-
THE EMERALD CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charlty information The Emerald Centre 15 a private company1Smited by guarantee incorporated in England and Wale5. The registered offlce 15 450 Gipsy Lane, Leicester, LE5 OT8. 1.1 Accounting con¥entSon The financial statement5 have been prepared In accordance with the charity's governing document. the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Charities SORP "Accountin8 and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Flnancial Reporting Standard applicable in the UK and RepLtblic of Ireland IFRS 1021" The charlty Is a Public Benefit Entlty as defined by FRS 102. The charity has taken advanta8e of the provisions in the SORP for charities not to prepare a Statement of cash flow5. The financial statements are prepared in sterling, which is the functlonal currency of the charity. Morbetary amounts in these financial statements are rounded to the nearest £. The financlal statements have been prepared under the historical c05t convention. The principal accoLntin8 policie5 adopted are sei out below. 1.2 Golng concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operatSonal existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of occountin8 In preparing the financial statements. 1.3 Charltable funds Unrestricted funds are available for use at the discretion of the trustees In furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purpose5 and Uses of the restricted funds are Set out in the note5 to the financial statement5. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. 1.4 Intomè Income is recogn15ed when the charity is legally entitled io it after any performance condStlons have beer met, the amounts con be measured reliably, and it 55 probable that income will be received. Cash donation5 are recoEnised on receipt. Other donaiions are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donatlOn5 received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are cOgnised on receipt or otherwise if the charity has been notified of an impending distribution, the amount 15 kr+own, and receipt is expected. If the amount Is not known, the leeacy is treated as a contingent asset.
THE EMERALD CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies {Contlnuedl 1.5 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 actlvity are made up of the total of dlrect costs and shared costs, Including support costs involved In undertaking each activity. Direct Costs attributable to a single activity are allocated directly to thot activity. Shared Costs which contribute to more than one activity and support cost5 which are not attributable to a sin8le actlvity 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 char8es are allocated on the portion of the asset S Use. All expenditure is accounted for on an accruals basls and has been classified under headings that aggre8ate all costs related to the category. Support costs are those costs incurred directly in support of expenditure and the objects of the charity. Governance costs are those incurred in connection with adminislralion of the charlty and compliance, wlth constltutional and Statutory requirements. 1.6 Tanglble flxed asset5 Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of deprecbation and any impairment1055es. Depreciation is recognised so as to write off the cost or valuatlon of a5set5 le55 their resldual values over their useful lives on ihe following bases: Motor vehicles IO% straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impairment of flxed assets At each reporting end dote, 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 a55et Is estimated in order to determine the extent of the impairment105s lif anvl. 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investment5 with original maturities of three months or less, and bank overdraft5. Bank overdrafts a shown within borrowings in current liabilities. 1.9 Flnancial instrument5 The charity only hès financial assets and financial liabilities of a kind that qualify a5 basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measures at their settlement value with the exteption of bank loans, which are subsequently measured at amortised cost using the effective interest method. 12-
THE EMERALD CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Afcountlng policies Icontinuedl Bosicfinanclol tsssets Basic financial assets, which Snclude debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amort15ed cost using the effective interest method unless the arranBement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts dlscounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Buslcfinontlol liabllltles 8asic financial liabilities, including creditors and bank loon5 are initially recognised at transaction prlce unless the arrangement constitutes a financing transaction. where the debt instrument is measured at the present value of the future payment5 discounted at a market rate of interest. Financial liabilities classified a5 payable within one year are not amortised. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from supplier5. Amounts payable are cla$5ified a5 current liabilities if payment is due within one year or le55. If not, they are presented as non-current liabllities. Trade creditors are reco8nised initially at transaction price and subsequentlv measured at amortlsed cost uslng the effective interest method. Derec(wnltlon offlnonclol Ilabllltles Financlal liabilitie5 are derecognised when the charitV'5 contractual obligatlons expire or are discharged or tancelled. 1.10 Employee benefits The cost of any unused holiday entitlement Is recognlsed in the period in which the employee's services are received. Termination benefits are recognised immedlately as an expense when the charlty Is demonstrably committed to termlnate the employment of an employee or to provide termination benefits. Crltlcal •¢¢ountlng estlmates and Jud8ements In the application of the charity's attounting policies, the trustees are required to make judgement5. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimate5 and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumption5 are revlewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the eslimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 13-
THE EMERALD CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Donatlons and legacies Unrestr5cted funds general 2025 Restricted funds Total Unrestricted fund5 general 2024 Restricted funds Total Z025 2025 2024 2024 Donations and gifts Grant5 receivable 11,534 11,534 114,701 9,149 9,149 148,154 114,701 148,154 11,534 114,701 126,23S 9,149 148,154 157,303 Donations and glfts Emerald Seniors Funeral Donations The Emerald Tradin8 Centre St Andrews Naomh Padrai8 GAA Bike Sponsorship Gift Aid Other 4,100 4,100 311 200 120 3,630 4,699 311 200 120 3,630 4,699 360 360 4,915 2,026 133 4,915 2,026 133 189 189 11,534 11,534 9,149 9,149 Grants recelvable lor Core actlvltles National Lottery Cost of Llving Department of Foreign Affairs and Trade: Emigrant Support Programme UKSFP Digital Leicester City Council Various Ward Funding The Football Foundation 46,399 46,399 100,755 7,098 100,755 7,098 100,755 100,755 1,000 4,648 1,200 1,000 4,648 1,200 1,000 114,701 114,701 148,154 148,154 14-
THE EMERALD CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Fund ralsing 2025 2024 Social income Other Income Field income Rent Trading activity Income.. other 9,270 2,962 2,283 7,417 3,213 2,225 16,061 5,687 Fund raising 27,186 21,932 Expendlture on charltable artlvltles Unrestrl¢ted funds 2025 RestrScted funds 2025 Total Unrestrlrted funds 2024 Restrirted funds 2024 Total 2025 2024 Dlre¢t costs Staff costs Depreciation and impairment Other costs Premises expense5 Project costs Motor and travel costs 93,294 93,294 13,047 80,174 93,221 3,500 872 18,479 44,326 720 3,500 7.744 39,368 47,614 2.285 3,500 3,500 6.403 38,893 35,117 2,702 6,872 20,889 3,288 1,565 6,403 25.893 8,545 1,818 13,000 26,572 884 32,614 161,J91 193,805 55,706 124,130 179,836 Share of support and governance ¢ost5 (see note 71 Governance 4,360 2,000 6,360 6,269 6,269 36,974 163,191 200.165 61,975 124,130 186.105 Analysis by fund Unrestricted funds- general Restricted funds 36,974 36,974 163,191 61,975 61,97S 124,130 163,191 124,130 36,974 163,191 200,165 61,975 124,130 186,105 15-
THE EMERALD CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Net movement in tunds 2025 2024 The net movement in funds is Stated after chargin8llcreditingl.. Fees payable for the independent examination of the charity's financial statements Depreciation of owned tangible fixed assets 3,000 3,500 3,000 3,500 Support costs support costs Governance costs 2025 2024 Basis of allo¢atlon Independent examination fees Legal and professional Other insurance costs Pension admin costs Software costs Governance 3,000 2,170 280 434 476 3,000 2,170 280 3,000 2,550 Governance 263 Governance 396 Governance 60 Governance 434 476 6,360 6,360 6,269 Analysed between Charitable activities 6,360 6,360 6,269 Governance c05ts includes payment5 to the independent examiners of £3,000 12024- £3,000) for examination fees. Trustees None of the trustees lor any persons connected with them) received any remuneration during the year, and none of them were rebmbursed for travelling expenses12024- £nill. Employees The average monthly number of employeès during the year was.. 2025 Number 2024 Number Direct charity workers Employment C05t5 2025 2024 WaBes and salaries 93.294 93,221 16-
THE EMERALD CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Employees {Contlnuedl No employee is allocated entirely to governance.. an assessment of part of each employee's involvement in governance has been used as a basis for determining the above apportionment of costs. For a full breakdown of cost5 please refer to attached income and expenditure accounts after the conclusion to the notes to the accounts. There were no employees whose annual remuneratlon was more than £60,000. Remunefatlon of key management personnel The remuneration of key management personnel was as follows.. 2025 2024 Aggre8ate compensation 42,941 40,197 10 Taxation The charity Is exempt from taxatSon on its actlvities because all its Income is applied for charltable purp05e5. 11 Tangible fixed a55ets Motor vehlcle5 Cost At l April 2024 35,000 At 31 March 2025 35,000 Depfeclation and impalrment At l April 2024 Depreciation charged in the year 21,000 3,500 At 31 March 2025 24,500 Carryin8 amount At 31 March 2025 10,500 At 31 March 2024 14,000 17-
THE EMERALD CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Debtor5 2025 2024 Amounts fallln8 due wlthin one year: Other debtors Prepayments and accrued income 5,255 4,280 4,007 6,956 9,535 10,963 13 Creditor5: amounts fallln8 due wlthln one year 2025 Z024 Other tèx3tion and soclal security Accruals and deferred incorne 1,673 6,172 1,773 5,718 7.845 7,491 14 Restrlcted funds The restricted funds of the charity comprise the unexpended balances of donations and 8rants held on trust subject to specific condltlons by donors as to how they may be used. At l Aprll 2024 Incomlng resources Resources expended Transfers At 31 March 2025 Department of Foreign Affairs and Trade- Emigrant Support Programme Main Department of Foreign Affairs and Trade.. Emigrant Support Programrne Parade Department of Foreign Affairs and Trade- Emigrant Support Programme Late Life Garfield Weston Trust LCC Parade 20,500 82,000 182,0001 20,500 2,175 12,1751 12,581 14,000 16,580 124.3831 13,5001 11,0001 17,0981 11,2001 17,0341 134,8011 4,778 10,500 1,000 7,098 1,200 4,648 UKSF Digital The Football Foundation Troon Ward Funding National Lottery C05t of Living 2,386 34,801 81,882 114,701 1163,1911 2,386 35,778 18-
THE EMERALD CENTRE NOTES TO THE FINANCIAL STATEMENT5 (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Restricted funds (Continued) Previous year,. At l April 2023 Incom5ng resources Resources expended Transfers At 31 March 2024 Department of Foreign Affairs and Trade: Emigrant Support Programme Main Department of Foreign Affairs and Trade.. Emigrant Support Programme Parade Department of Forelgn Affairs and Trade.. Emigrant Support Programme Late Life Garfield Weston Trust Power To Change LCC Parade Awards for all Troon Ward Funding Nat5onal Lottery Cost of Living 18,700 82,000 180,2001 20,500 2,175 13,0641 889 16,580 13,9991 13,5001 iio,0001 11,0351 17,9341 12,8001 111,5981 12,581 14,000 17,500 10,000 1,000 35 7,934 2,800 46,399 34,801 56,934 148,154 1124,1301 924 81,882 15 Unrestricted funds The unreslrlcted funds of the tharity comprlse 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. At l Aprll 2024 In¢omin8 resources Resources expended Transfers At 31 March 2025 Emerald Trading Centre Unrestricted projects Field Income 37,620 65,704 7,777 28,718 2,225 45,397 57,287 128,3941 18,5801 18,7411 6,355 103,324 38,720 136,9741 12,3861 102,684 19-
THE EMERALD CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Unrestrirted funds {Contlnuedl Prevlous year: At l April 2023 Incomln8 resour¢es Resour¢es expended Transfers At 31 March 2024 Emerald Tradin8 Centre Unrestricted projects Field Income Social Income Other unrestricted income funds 37,367 92.938 7,617 11,911 2,283 9,270 17,3641 132,0681 18,4361 19,2701 14,8371 37,620 65,704 17,0771 6,153 4,837 135,142 31,081 161,9751 19241 103,324 16 Deslgnated Funds The followin8 ère unrestricted funds speclfically designated and rlng fenced form other unrestricted funds. At l Aprll 2024 At 31 March 2025 Contingency fund General Maintenance fund 20,000 7,281 20,000 7,281 27,281 27,281 Prevlous year: At l Aprll 2023 At 31 March 2024 Contingency fund General Maintenance fund 20,000 7.281 20,000 7,281 27,281 27,281 20-
THE EMERALD CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Analysis of net assets between funds Unrestrirted tunds general 2025 Unrestrirted funds desl8nated 2025 Restricted funds Total 2025 2025 At 31 Mar¢h 2025: Tangible assets Current as5ets/lliobillties1 10,500 25,278 10,500 155,243 102,684 27,281 102,684 27,281 35,778 165,743 Unrestricted funds general 2024 Unrestrirted fund5 desl8nated 2024 Restrlcted funds Total 2024 2024 At 31 March 2024: Tangible assets Current assets/lliobi1Stlesl 14,000 67,882 14,000 198,487 103,324 27,281 103,324 27,281 81,882 212,487 18 Related party transartlons Transactions Wlth related parties During the year the charity entered into the following transaction5 Wlth related parties.. The Emerald Tradin en re A related party. The Emerald Trading Centre use the facilities of The Emerald Centre for which rent and service charges were charged in the year of £7,41712024.. £7.4171. The Emerald Trading Centre ?Iso paid a donation to the The Emerald Centre in the year of £36012024.. £2WI. 21