Charity regi5trAtiou nmuiber 1149787 CDmpany r¢gi$tr8tlVll Aumb¢Y8221421 {E*gl*nd #nd WAles} THE LONDON IRISH CENTRE ANNUAL REPORT AND FINIINCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 THE LONDON IRISH CENTRE LEGALAND ADIIIINISTRATIVE INFORMATION Trllsttts M5 Rosaleen Bl&ir CBE (ChaiipersotLI Mi Nyall Jacobs Mr Pthrick DDherty Mr Midjael (Yconno Ms fvfary Kerrigan MT Tom Goddaixl Mr lon MGKs MrAlex O'cinneide fr Mich&cl Roddy M% Maui'a McGowan Chlef Ex¢cutive Officer Mr S hfjacCoNnaic Charity number in England ArtdWHIts 1149787 Compaky numb¢r 8221421 Registered oifKe 50- 52 Cgtttd¢n Squa London NWI £bXB Audi¢or Richard Place Dobson Servkte$ Limited Gro{￿d Floor 1- 7 8iation Road Qawl¢y West Sussex RHIO IHT THE LONDON JRISH CENTRE CONTENTS PAge Tru81ees report Statemen¢ of r¢spottsibiliiies IndependeLt audito¢s teport Siaten)¢Dt of f￿anCIal activities Bal￿¢¢ sheet io Statcment of ￿flOW8 Not¢5 to the fi#all¢ial sta¢¢menls 12.24 THE LONDON IRISH CENTRE TRUSTEI ES REI PORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2022 I￿¢ Trustees present Iheii. gnnual rerx)n and finan¢ial siat¢Ell¢llts for th¢year ended 30 September 2022. 1lJe ftiian¢ial slat¢Ell¢nts hwc bccn prepared in accordance witl) tlie 2ccounliiig policies sel oui in note I lo the financial statements aiid coihply iyith the Chai'ity's rnemoraiidiim and arlicles uf assuciation, the Cornpdnies Alt 2006 alld'Accounting and RetM)rting by C]wities.' StalcTrcnl of Recommendcd Praclicc applicable lo charitj¢5 preparing Ilieir ac¢ounts accoixknce Ivtih th¢ Financial Reporting Standard applicable in th¢ UK and R¢public of Ire1￿id IFRS 1021 {etTeclive l JaE]uaiy 2019). Objectives attlvitits The Ch￿lty aims to ¢mpoiYcr and eTrrich lives IhroEigh Iiish comn]unity and culture. The Charity also supports other Tri5h ch￿'Ity al￿ ¢tsnimiinity QTganisatLOll5 thiy)iigh th¢ provision of eithej. fire or heevily siibsidised S￿ate ai ihe Comd¢tL ¢rntr¢ for meetings, edutyution, and ¢v¢nts. The Charity delivers wY)j¢cts in line ivith its charitable obje¢liv¢s tIvDugh a network of s¢rvice5 deliv¢ird primarily across Londnn. some service8 are delive¥ed virtually lo other Ii*atiot15. S¢rvices include advice, support. befi'ieiidiiig. and liuLia] activitie5 aimed at eillpoivering people, irtiproving healil) 8t￿ wellbeing. and promoting ￿MmunI(Y conttcclions for pcoplc at risk ofisuldliuii. Thr scrvsLes are delivered bo¢h T¢tnutely via social media and web plaifoims as well as vta dir¢¢t fa0¢ to face enga8¢mcnt. Thc charity provides education alld leaming oppoitunities for all age gtoups and promotes Iti$h Art, cul￿1￿ aixE He¥itag¢ through al9￿¢ prograAs]me of ¢v¢iits at the Camden Cenlre, on-lii* and at pop-up events aeruss London. The Charity maintaill5 ollc of Ike largest online Irish comniuniti¢5 in Britain% pfovlding a forum for networkin& discussion, attd support. The Can)d&) Centre atso ￿MainS an imy)rtatti And acttssibl¢ hub, piDvidii)g affordable oifice space for a number of T￿ld¢￿t or8&11isations attd tvc*( space for the local commuiiity as well as a hoETre and focal point for our staff and voliillt¢¢rs. During IhE y¢3r, th¢ ￿arity took Illhou￿ the mallagetnent of the various Vemie spates: bw, four ftjiiction *¢om8 and kitclLen that had b¢¢n previously outsouNed to a third paity. Achievements and perform#kn¥ramJn¢. &dmini8t¢red aDnu&lly by the Dep8rtinEnt of For¢igii AffaiTS al￿ Trade. This amounted to circll 28Yts of tlie Chwity's oY¢rBII incom¢ in th¢ f15G*I y¢ar. W¢ hav¢ a150 3¢¢n inCLras¢ in local comtnutiity JMrtners}￿ps yarticlllwly %Yltli C&md¢n and Islingtott CounGil$. W¢ look foNYard to ¢xpanding and slrengthcnitjg I}￿se parlncr8hips in Ihc ci)millgy&vs. page I THE LONDON IRISH c￿NTR￿ TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR EIVDED 30 SEPTEMBER 2022 Finan¢ial review Thc Trllstees report that the Ch&Tlty recorded an operating deficit of £430k after cha¥ging depreciation of £144k. a write-off of £SOk otl assets oli taking inhoiise the manageinent of the varioys Vejiiie swaces aiid £27k ￿Sti￿¢[￿siJ£ costs. Tlit additional cash deficit of £209k1£236-27k) arose diie a sle¥Yti' uptick in planned Erant income. the ramp Èip ott the newly opernied Venue and additional ulil(ty and payroll costs duc lo intlationary PTCSsufc5. The TÈx]stees repoit that th¢ Charity was abl¢ to tn¢¢t the increased d¢ttLand for 8ervices pl￿ed OD jt post paThdemic and in dealing with the c05t.of-living crisis 115ing re3erve5. The finaneÉal p￿fi>m￿n¢t of the Venue is improving ajid ivill provid¢ a SUTplub iii tlie n¢xtyear. Th¢ Charity incirased stsff to 32 fi￿[￿ 24 to ensiire It could delivei. 118 high-qualsty setvices lo the ¢ortmiullily it serves in th¢ face of ri511￿ detnand and aLqo IÈ) order to opcrale the VeJJiie. The Cash treserves remained èt £1.6m. The Chthrsiy is ¢onfident Èt can m¢el dcttiand and the Tnjstees att expecting the Chariry 10 reiurth its a Surplus from all in¢ome souv¢¢s plArtn¢d ITr the toming finaThcial yeaT. It is tk policy ot tb¢ al￿1ty ttiat u¥irestricted funds ithicli have noi been dcsignaÉed fui. aspccific use sliould be inainlained at a level to coi'er 3 inoiiths net expciidilurc. Nct cxpcnscs arc Ikfincd as ih¢ ltstal txp¢nsc that is cxpcclcd to b¢ incuÈYcd or likcly to be OCCUiTed and knoivn at the lime ot the assessmeiii les8 ally in¢oine that is likely lo b¢ ¢arn¢d dui'ing lh¢ sam¢ p¢i'iod iyith certaitjry. TheThi8lees consider Ihal reserves at ihis lev¢1 will ensur¢ that, in th¢ el'ent of a 5iwiificaTrt drop in fundingi Ih¢y ivÉll be able to coniinue the Ch*riiy's curr¢rtt a¢tivi¢i¢s while ¢01tssd¢ratiOTr 15 given lo way5 in ivhiclj additional fvads may be raised. Plaiis for futur¢ period5 Pla[￿l￿g PeTffliS5iun ts) Tedevelop the London Irish Certtie ILICI was gpanted in Septembei. 2020 and expires in September 2025. The building is deterio￿ting this impacL8 nn.%eryices and thiralens futiiir financial sustainability. l)iie tv PDor layout and ageing faciliti¢s, iunning c051s air Ltiorea5ing and the ability to m&ximas¢ incoiThe fLDm ihe preinises is exhavsled. AcCesS￿billty poses problems for service deliveiy. Consequ¢t)Ily. the chai'ily is planning io rettevelop the bUildE￿ mainlairtlllB the historic villas OA Camdcn square. Cokycy Architccls wcrc choscn folloiving a conipetilion attd ar¢ support¢d by a slibrtg Design Te￿ll %Yith ovei%ight from a Developnierti Coimnitiee whi¢h in¢liid¢s ¢Kpeils from ¢on$lriirtion attd d¢v¢lopm¢nt. Th¢ charity has urtdertaken extert$tv¢ ¢on$ulig1ion %vith a ivide Vdng¢ ofstakehold¢rs throughout 2019.2021. Tbe aitn of the development 18 to.. Ofter Ivorld-class community amd cultUTal facilities a￿d resources to enabl¢ enhanced l expanded delivery of London Iiish CeiJtr¢'s 8ervice portfolio Siiprort f%ii¥ttLial sustdirtdbility for tli¢ LIC'S serviccs throllgh effeciive Uiilizatioii of the expanded facilities and rrsour¢¢5. B¢ fvlly ac¢¢55ibl¢ and in¢lu5ivA runoving b&rrier5 Èlk 5upp(Kl of our ivaLTh ivelcome Cr¢ale an itnprov¢d destit￿tion for the Irish community atld ivider co￿￿ul]ity. a8 ivell as all I￿portant cultural asset for London Crvate a modern, flexible alld safe woi'king enviroJJtrLent for staff and vol￿nteerS Feature c4)mmullity kitchejjs, café bars 8nd mixe&use events $pa¢es itLcludithg è dedi¢*l¢d ¢illana, Iheaur St￿ cort¢¢rt holl, heritsge cenire aknd creative smdios Build Irish culiLW4 Gr¢ativity and heritage intti the design> layout fabTif of the build to cel¢bTale tlie story of the li'ish in Londoii Create al) eIth￿ced Wellking Hub offering activities, ¢diication. 8ocial space and lunches F￿(u￿ iniproved. txhibitioii spaces and digital ￿chiv¢S and library Have ettviix)iJmcttl*l siistÉunabilily liDnl and CcnI￿ in Ihe de$igo )lld build. inrluding Ii¢w green sp&¢¢s alkd ¢nifLIDntn¢ntal 'ex¢¢ll¢tt¢e' 10 redu¥e envtiunmenl&l impalt Potentially tsffei. accommodfjtion fov both the V￿ner1)bl¢ #Thd arti* irsidenc¢ sp&c¢s P88e 2 THE LONDON IRISH CENTRE TRUSTEES IiEPORT UNCLUDING DIRFcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022 Externfil evAlllatiDN of tli¢ fhavity The Chariry ha8 maintaiiied Advi¢¢ Quality Slandhid {AQSI and Ihe Quality in Befrien(ting acci'cdilations and conlinii&$ lis tne[nt￿Tshlp vfihe Livir1￿ WEWe Foiiiid&lion. The Ti'u8lec8 very inuch appreciat¢ thr high qu&lity of scrwic¢ givcn lo the l.oThdon Irish CenlTe c.harity by ilg slatr, Triisiees, and membeis of c0tnmltt¢￿ as lyell as th¢ ittcreasing numbcr ol. volun¢¢er8 who 5UPtK>rtcd the Ghority in 2022. The Trustees are decply w•t¢fiil fvr the financÉlll 3(Iprrt)rt from the many dot)or8, foiindations #rtd trLL%I8 thot provide flnan¢lal ipr4)rt &8 lyell ￿ th¢ individiia15 iyho proviLkn valiillblr pil).IM)¥￿ udvicr aiid Loiisuliatjcy. A5 ulreadyb Statsd, w¢ Trre pariicularly gtatetiil to the Irish G0Y¢rtkm￿I for ¢h¢iY coniinued sup￿11 though th¢ E￿i￿t Siippwt FrO￿at￿m¢ pnd Cultyre li'elaE)d stnEct￿Yfy Jrovern211tt xttd mxnatement Th¢ Chi¢f F.x¢cutive OffIcer (CEO) ryovid¢s l¢*rship and strnttgic dIr¢di(￿ to the dwity. and rew>rts ￿ lh¢ Bovd. Thc CEO 13 5UPPDrted by & Management Tearn with reswbnsibility for d8y-tIHl&y manag¢uw)t of fvn¢tions ￿lating lo Community Servic￿, CulttvG V•Ju¢ atmi 0￿￿10￿. The Board is re5poDsibl¢ foro¥eTsight at¥J Bovunancc thvelops the sts81egic difedion for th¢ Clwity in colia#)rali¢Jn with tbe CEO. Tr Bo&Td rneets ¥ minitnum tyf ftyjr limcB pcr year and TnL8tees have eombined exwtis¢ ?¢ senior executive l¢Ycl ID aCCOUrttaw. laiv. co[￿¢t10￿ fingn¢¢, S￿. cultural &divity, and wider pubknc p)licy. Five Board sulKommittccs overrojllmutttty StrVLCtt. fmanc¢, dEV¢]opment and a sixth provides Eenet81 oversighL There Dre CUrr￿￿Y 10 T]wt￿S in place. with Ro￿le¢ll Bloir CBE. Chair arwj Mike OCallnDr CBE. Vice Chair, collaborniin8 Ivith the remainingTntstee Boarnl Mr Nyall Jacobs Mr PairiGk Doherty Mr MiLhael O'collt￿r Ms Mary Kcrrigan Mr'Ibm CM>ddard Mr IHn M¢Kim MrAl¢x 0.cini￿ldc Mr Michael Roddy M$ Maura Mccjowa Itl &rconkn with the Article5 of A&wialion. the d￿eL￿Or5 relire by ￿￿10n. grM( being eligible, thunsd*rts for r eleKlion. The reF4)rt iY8S •PPToved by the Board ofTrt￿e MB Rosale¢Ji Biaik. CBE (Ch&irwnl Truste¢ Mr l)Alrick Doherty Trustee Date.. 2710612023 e3 THE LONDON IRISH CENTRE STATEMENT OF RESPONSIBILrrIES FOR THE YEAR ENDED 30 SEPTEMBER 2022 The Tn15tets, Ivho are a150 the directors of The London Irish cellt￿ for ihe p￿rpoSe of ¢ompany laiv, ar¢ ruponsible for ¢paring th¢ Report athd the fi￿17¢1a1 slalernents in acwrdancc iviih applicabl¢ law and Utlited Kingdom Accounlll Standards (United Ktngdom Gen¢i'allyAc¢cptcdA¢¢oiintin8 Practice). com￿nY L&iv r¢qiiires th¢ Tru$t¢rs to prcparr fiTratL¢ial s¢ateJn¢nts for each financial year i%,hich give a true and fatr view of Ihe state of affairs of the Chai'ity alld of th¢ Lllcomittg r￿olITe¢S and applic&tÈtsn of KsOli￿(4 ItiGluding th¢ incotne and eX￿ndli￿re, tsf the ¢hai'itable company foi. thatyear. In pi'eparing thes¢ fin&ncial 5taremellts, the Trkislees are requitEd to.. . select suitablc accoiintiiig PDlicies and then apply thern consi5tentlyJ - obs¢rv¢ th¢ rn¢ihods atld principles Iti th¢ ChwTtie5 SORP: - make judgements alld ￿tinIat¢S t1￿1 are reasonable and prudent.. 8nd - PTepa¥¢ the f￿an¢tal slalenjcnrs ali Ihe Eoiiig ￿thCem b&%is wiless it 1$ inappropriate lo pir5ume that the Charity will continu¢ i# operation. The Twstces aT¢ T¢5wnsible foi. keeping ￿l¢quate accoutbling re£ords that disclose with reasonable accuiucy ai any time the tiaallcial position of tb¢ Chai'ity alld enable them to ensure tlial th¢ fitiai)Cldl slalemcnls cumply ivith Ihe C(Impani¢5 Act 2006. They air also resrybnsiblc foi. salcguaiYlit)8 the èk8sels of ihe Ch￿lty and hctK¢ foi t3kÈtJg reasDnable st¢Ps for the piEvenlion and detectiottof fraud and other irreEularities. P8g¢ 4 THE LOIYDON IIUSH CENTRE INDEPENDEI IYT AUDITOR'S REPORT TO THE TRUSTEES OF THE LONDON IRISH cEwfRE Opinio Wc havc audilcd thc fin&ncial slalemettls of The Londoll li.￿Sh Centr¢ (the 'Charity') for the year ended 30 SeptembEr 2022 wtllfjh ¢oillpri5¢ the slatem¢nt of financial activities, the balance shtet. the statcjnent of cash flow8 and notes t(1 the linall¢ial 5tal¢n)eiits, including signifi¢aTht accounting policieg. The fJDahcial r¢wrting framework that ha8 been applied in their preparation i8 app1￿cable law and U*iied Kingdom Accountfftg Siandards, ijjcliiding Financial Re￿rtI￿g Sland&rd 102 The Fithinciul Rep￿.11￿s Sia17dardapplic47ble in fhe UK QFtd Repiiblit OfI}ela￿{unIted Kingdoin Gciierally AcLepted Accounting P￿Ctice). lrt our opinton, the ritsai￿la1 statements.. ve a live and fail. view of the state of the charitsble Cornpan￿$ atT#ir$ &8 at 30 Septembei. 2022 and of its intoming T¢sollr¢es And 2pplicalioJJ ol'irsource8. foi'tiie year th¢ii ended., have been properly prepared iii accordance ivith Unitcd KingdoJD G¢n¢rally A¢r¢pt¢dA¢¢ountin8 Prd¢lic¢,' and have been prep￿rd accoithce iyith th¢ reoiiireDients of the CompdSues Aci 2006. B¥$ls for opinio W¢ conductcd oiir audit ￿CordanCe with Intemational Standards on Auditing IUKI IISAS (UKII and &pplicable laiy. Oiir port$ibilÈti¢$ undeK those standards fvrther d¢5cribed in the A¥ditoi s iesponsibililies for the audif of ihe fiJFanclttl lalenignls sertion of our iE¥M)rl. We are it¥Jq)¢ll(kllt ot the C}￿rity tn accordance wi¢li the ethirnl requirements that air relevant to our qudil of the fin*t￿lI1 ststeittenis in (he UK. illcluding the FRC'8 Ethic&l Standard, and ive have fiilfilled oiir oth¢r eihiral IESPORsibiliti¢s in 4¢rordanLe with these TqLLiremcnts. We belicyc tha( Ihc audtt evidence we have obtained És suffi¢Éent and appropriate to piDvid¢ a b8%is fnr nur opiTrion. Contlusloiis relxting to going concerth IIE auditing the fi[￿n¢la1 5tat¢muls, wt have cotscliided Ihar the ttse of the goittg conctm basis of accountiiig in the preparation of the f￿￿￿la1 stateinents is appropr5al¢. Based vn thc wvrk we ljave I￿rror￿ed, we liav¢ not identified atky material uncerta￿￿tl¢S T¢]Ji¢ng to ¢v¢nts or co1￿1tiol18 tlial, iudividually or collrctiv¢ly. InÈy significant doLEbt on tli¢ Charity's &bibty ¢0 contillue as tt goiDg ¢oii¢em for o p*iod of ai le&8t tt¥elv¢ moiith5 from ivh¢n the tiikgnci&l statements ore aiithorAs¢d for issue. resPOn8ibilstie5 a￿d ¢h¢ reSpo1￿ibl11I1es ofihe Trnstees with respect to going concern ar¢ descrÉbed iii the relevalll sectioi of this report. Otber iiifoi'mitio The otlKr informatioll conpri8CS the information in¢luded iii the )Thiiu&l repori oiiw rh&n thc financial statements and our auditOL 5 report tliereon. The Trustees are irsponsibl¢ for the oth¢Y informatson con1ali￿d within Ilie ar￿U￿1 TCPJTi. Our upiiiion the fiiianoiol $t)lemeiils doe8 not cover the other informatioTh ive do not ￿plEsS fnrm of a55uranr¢ ￿nG1￿%1017 theiEon. Our ¥espoiisib%lity is io ￿ad Ihe otlier inforniation and, in doing so, consider whether th¢ oth¢Y Éi]foLTnatiotk is materially in¢onsist¢nl with the rj￿Lia1 slalcÈnctils or our kntrwledge obi&in¢d iij ttie coiir8¢ of th¢ &udit, or oth¢[w￿e appears to te materially miss1a￿a. If we identify %ucl> Inatcrial incDnsi%tcn¢itt or apparenl matej'ial llitsstaicments. we requwed to determine wlieth¢r Ilils gil'es rL5¢ to a L]at¢rial missiatem¢nt in th¢ fiiian¢i£tl siaiements themselves. If, bascd oil the work we have perfO￿nCd. wc conclude that diere i5 a tllatcrial misstat¢m¢nt of thi5 odier informatioii, we Are requiiEd to iewrt that fact. We h&v¢ nolhiIig to r¢pDrt this Ye8￿d. Mat¢¥r& which sye Are r¢quÈred to report by ￿teptIon We I￿ve nothing to r¢port i* ff$pect o( the folloiving tnatters in irlatioD to ivhich the Charities IA¢¢ouiHS and Rey)TisI Regulation5 2008 rcquire u5 to r¢poTI lo you if, in oui. opinioii.. tb¢ inforirtaiiortEiven in the financial slaleEnen15 15 incoiisist¢nt in any mat¢riaJ respectwith th¢ r¢port,' or suffi¢irTrt a¢¢i)iinling iEcoiYls have not bEtn kept,. or the fllwicial S18t¢M￿lS art not in agreeJn¢nt with tli¢ acroullting r¢wrds' or Ive have not r￿tIVed all the information a￿1 explanations we ￿quti￿ for our audÈl. pag¢ 5 THE LONDON IRISH CEINTRE INDEPEM)ENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE LONDON IRISH CENTRE Respoiisiblllties ofTrustees As explained Inore fully iii the stslement of responsib￿litieS, the Truste¢$, Ivho ar¢ also tli¢ dir¢GtQL5 of tlie Charity for tIK piirpDSt ofcotllpaRy law, aiE irspon8ible for the pl￿p￿.ation of tl* finan¢ial stat¢m¢nis 4nd for king satisfied that they give a true aiid fair vieiv. and for siicli imernal coiitrol as the Trustees deierniin¢ 15 I1¢￿5￿rY to enable th¢ pr¢paralioti of fJnafjcia] stat￿1¢17￿ that arc free r￿In maleiial mi8StalemenL ivheih¢T due to fraLTd or error. Iii preparing tlie fum￿la[ statejnents. tlie Trusle¢s arc rcspDnsiblc for &ssessing the Charity's 3bilily to Continue as a 80ing conceit]. disclosing, as applI￿ble. matters relat¢d to going and usillg th¢ gaing Collcern basis of accounting unlt8S the Triistees eilhcr illtend io liquidate tbe ¢hai'ilabl¢ con)paiJy or to ccase operatÈolls, oi. have no rtrdlislic alternalivt b￿1 lo do so. Auditor's rtspon$lbllities for th¢ audit of th¢ fithanrial statentents We have appoiiited as auditor uiider sectÉoii 144 of the Charities Act 2011 artd report in a¢cordance with the Act and relevaiil regulations i)iade or Imviiig effecl tlirrrundei.. OUY oiyectives aK to obtain reasoii&bl¢ as8u¥ance abolit wlieiher the financial statements as a whole ate fi'ee from material misstat￿ne￿I. Ivhether due lo fraud or aTor. aiid to issiK an diidilols rcpoit that inLludrs uiir opinion. Reasun£ible assiiraRL¢ i$ a high level of a58uraJicc biit is nol a guar&ntc¢ Ihat an audit condiiclcd in accordance iviih 18A% IIIKI Ivill always d¢te¢t material mtsst2temenl when ii exists. Misstalemertis caiJ ar1￿ froin fraud or ¢i'ror atld are considered matei'ial if, iThlividually or in tlit aggregate. iiw rea$otJably b¢ ¢xl￿ted lo influ¢nce th¢ econotnlc (fecisions of us¢r5 taken on tlie basis of Iliesc fjnanci8I Sik)¢emeots. Th¢ extent to ivhich our proceduirs are capable ofdeleclijjg irregul&riti¢s. in¢Lllding fratyj, 1$ d¢tail¢d b¢lo%v. Wc have madc cnquirics of m2n2gemenl, and trllslees, regarding the proc¢duYts relating to ideiitsfyin& evaluating aDd ¢tsmplying ivith laivs atld regulalÉoos and whcihei. they of any inslantts of noll-cempliartt: detecting 8hd respondin8 to the risks of fvaiid 8nd wh¢lh¢r they hav¢ knowledge of aTV actuaj, siispected or alleg¢d Ihe int¢mal controls esÈabtished to mili8ate rssks iElated to fraud or non-¢ompliatt¢¢ with l*ws glld r¢gul&tions' Di8ciission amoog the enEagemerti team regardittg holy ii,h¢K fraud might occiir in thc financial stalcments attd any tential indicaior5 of fraiid.As parl of ihi5 dÈ5GU85ion, w¢ identified potelllial foi. fraud al￿ or error in the folloiving areas.. Revenue recogniti(￿ this was te81ed subBtatitively for fundraising and evellts i#come, Ive petrfoimed prtsof irt total Itsling oYe¥ giaiil incom¢ Mana¥¢m¢nt ov¢ttid¢ of rTrntiD15- w¢ rrvi¢l￿d tnar)ag¢ttL¢nl uccounl8 and larg¢ joiwnals to discoYE¥ any evidenc¢ of managem¢nt ovrrrid¢ 5. Valuation of land a[￿ buildiEw- wt reYi¢ived tlle buildillg for signs ofin1pa￿rnen1 And r¢c¢nt valiiation ittfoill5ation to confiiln the land and building3 Is'er¢ it]cluded iyiihin thc aCCo￿ntS accuralcly We obtained at) understanding of the legal and regulatory fr8m¢ivork that th¢ Charitabl¢ CorRpany operates in. focusing on those laws and regulatiojjs that h&1 a direc¢ effeei oil the fJna*cial siat¢menls or that ha(1 a fujidaillelltsl effe¢l oi) tbe op¢ratioThs Df the Charilablc CDInp3ny. Tl)e key 141vs and regulations we 0)nsid￿ed in this context included the UK Companies Act. Charities A¢1, data PTolection irgulations, health and saf¢ty and ¢rnployment legsslation. Discussion was bad iyith mar￿geMent and the tfU8tees and amongst thc cTrgagcmcnt tCaTn to gllin an understandin8 of the entit￿e8 cvri'etit aclii'ities. authoi'is8(ion proL*dures aÈJd cfFL'¢liv¢ncss of th¢ CDlltml cnYirotuTr¢iit. OUT understanding was te51ed during the audit work a￿d Ihe systems and control$ in pla¢¢ w¢K found to iK op¢ratithg eff¢¢tiY¢ly. The engagem¢Trl Paltner has vevirwed the i¢aTn sel¢¢ted to undertake the engagement and en8ure tbat they have s￿￿1Cle￿I compet¢ii¢e and &Te capgbl¢ of identtfying a￿1 re¢ognisiiig non-compliance widi laiys and le8￿[&tionS. No non-compliance was id¢￿tir1ed. A furt1￿ description of our Te5POllsibilitÈe5 is available on ¢h¢ Financial RepoitlD8 Coiiii¢il'5 w¢b5it¢ a¢.. httpsJlwww.frc.oiE.ukl audiloiTrttponsibilitL¢5. This d￿¢T1ptiOn forms Palt of our auditols report. 8e6 THE LONDON IRISH CENTRE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE LONDON IIUSH CENTRE Use of ttport Tliis report 18 Inad¢ 501¢ly lo the charity's trustees, as a body. in accordance wlih p2ri 4 ol-lhe Ch8ritie8 IA¢¢ouDts aiid Reports) Regulations 2008. Our &lldit u'ork has been utideitaken so that ive might state io ihe charily's truste¢s those Inatt¢rs we are requiird to sl&le lo Ihtm in an audiloi 5 rcport aiid for no otlicr piirpD5e. lo the fullest extait peiThitted by laiv, we do not accept er &s$uin¢ r¢sponsibility lo tsnyon6 otli¢r thath th¢ ¢h#rsty 8t￿ th¢ charity's Érust¢e8 as a bodyy for oiir audit ivoi*. for tliis report, or for th¢ opinions iv¢ hay¢ formed. D&rren HardI￿gAcA, FCCA, DClhA{StttlorS¢xtutory Audltot) Richard Plaet Dobson Servltts Li￿lted Chartered Acc￿￿￿1￿11t5 Stilutoiy A Trditot 21 ltst3 GrO￿nd Floor 1 7 Siatioii Road Ciiwl¢y West Sussex 110 IErr Rithard Place Dobson Services Limited is eligible for aprointmeni as aiHÈitor of IlLe Charity by Yiitu¢ of its 61igibÉLity for a￿)intment as auditor of a cotnpatty ullder section 1212 ofihe cOfftnp￿ttÈesACl 2006. page 7 THE LONDON IRISH CENTRE STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2022 Current finaNtial year Uiir¢5trict¢d Unr¢51rict¢d fund5 fund5 getherAI Duigll*ted 2022 2022 R¢5tricted fulld¥ Totgl Total 2022 2022 2021 N(kte$ arbd ¢iidowmpn Doiiations atid legacies Chai'ilable activities Inyeslmenls Other itLcom¢ 56,500 1,015,003 152,710 1,350 52.000 519,278 108,500 1.534.281 152,710 lJ50 152,549 1,094.942 255,876 38.286 TotAI iktonje 1.225,563 571.278 1.796,841 .541,653 ¢iiditiir¢ on: Charitable activities 1,694,232 519,528 2,213,760 1,339,343 Other li 13.420 13,420 123,641 Trtal expellditure 1.707,652 519,528 2,227,180 1.462,984 Ntt {txpeAdltureVin¢ome for tbt yeArl Nel movememt iti fvuds 1482,089) 51.750 {430,3391 78,669 Net (expettdlturtylntomt for the yearl Net movenhellt ill fMThds 1482,089} 51,750 {430.339) 78,669 Fund b&laii¢e$ ai l O¢¢ober 2021 5,3t3,382 5IOJ82 22,IX]6 5,845,770 S,767,101 balantes at 30 Septeinber2022 4.831,293 510.382 73,756 5,415.431 5,845,770 The 5tat￿¢llt of finatt¢ipl pctiviti¢s iN¢liid¢s all gaiDs and loss¢s re¢ognis¢d in th¢ y¢(tr. All income and eX￿nditure derive from continuillg aotiVLti¢5. The 51a¢¢ment ot- fiiwllciai %livili£8 Fjlso complies wilh tlie reqiiiremenls for an iiK¢]ne 2nd expeoditure account uttder the Con]paiiies A¢1 2006. pag¢ 8 THE LONDON IIUSH CENTRE STATEMENT OF FINANCIALACTIVITIES (CONTINUED) INCLUDING INCOME ATrID EXPENDITURE AccouNr FOR THE YEAR ENDED 30 SEPTEMBER 2022 Prior finan¢iAI yeAr Ufftreslritted riittds 2021 Re5trict¢d funds Total 2021 2021 Note5 Donaiions atsd leEacies Charitable aclivilics 1llvcstm¢￿ts Oih¢r Ine0￿1¢ 142.549 354,764 255,876 38,286 10,0 740,178 152,549 I.QY4.942 255.876 38,286 TotAI iiilicie$ adopted Arc $¢1 (kut below. 1.2 Gokng tontern At the time of apprgvinB thB fEnancial %talemenis, the Twstee5 have a r￿Sun￿ble expeclaliun thdt the ChdrÈty has ad¢qiiatc re5011WeS to conliniie in 0￿ra1￿￿tEa1 existetEEe fr>r the foYese¢abl¢ fulur¢.'llius th¢'lru5*¢5 continu¢ to adopt ¢h¢ going cortcem basis of 8ccoiinting in preparing the financial statements. 1.3 ChAI'itable fulld5 (kneral funds are unr¢strict¢d tutjds and air available for use at th¢ dtwretiort ol- the Trusl¢e8 in thrtherance of Ihe getteral objective8 of th¢ charity atKI wh¢¢li have tKTrl been d¢siw)aied foroth• PUTposes. Resti'icted funds ar¢ accounted for in a¢¢ordan¢¢ with tlie partirular ierm¥ of trust •'l$lDg liy)m the express or iniplÈed Vj8hcs of do]￿rS in so far as these &rc intended to be bindEog on the cliarity. R¢s¢rict¢d tund5 tnaitjly used for th¢ wages aiid salaries of project workers at]d the proj¢cl running cost& 1.4 Jn¢ome lQ>lulllory income or capital is incliided in the St31emenl of Financial Activi¢ie5 iyhen the company is l¢gally ¢tktitled to it, lis fittallcial val￿¢ can be quanlifled watli reasonable ceLlaiiily and Ih¢re is reasonable celtainty of 115 ultirllat¢ receipt. EnliU¢Jncnt tu Irgacie3 is cojisidered esla61islKd i¥h¢n the c4)inpany has been nolified of a distil￿tiO11 to be made b}, the ¢x¢Gutor5. Inrotll¢ Tertived in advttnce of due pcrformattce iillder & contract is accounlcd toi. &8 dcfc¥red incon)e uillÉl earned. Graiils for adiViti¢s air w¢ognis¢d as i￿￿me wh¢N th¢ r¢l#kd ¢onr $al¢ in the ovdinary cours¢ of I￿S￿neS& Inveslment properry is stjiiially mea8uIEd at ¢ost, Ivhich iD¢lu(k5 tlie puirha5e ¢ost any diirctly #t(ribut*bl¢ exp¢nditii*e. Investm6nt prop¢rty is subsequ¢iitIy valued at its fair valu¢ at ¢a¢h r¢porlit)g dai¢, by prOf¢￿tandI extern81 valuers. The differ¢llC¢ i*tsi'e¢EI tli¢ fair value of an inv¢slni¢nl property at the Teporling dat¢ atsd its ¢&Tiyittg value prior to the valuation Es recognised in the Statementof Fjnancial Activities as a fair value gain oi. loss. Any gain or loss di%posal of ak) Èiivesttnent pioptjty {c&lculated as the ditteretK% betsveen the llet proceeds from distxksal and the carrying amount of the item) is reCO￿lSed in the SlatemLnt of Financial ActivilLes. 1.8 lpnpairme￿f of r￿ed Assets An impai¥Jnenl loss occul% when the carryi1￿ ainoiint of an assel exceeds its re¢ov¢rable amokint. At y¢ar ctvj, the trustLCS a%scss whetlicr there is wiy indication tJMI an 8ss¢I is impaiird. If tlicir is no iiidication of ittipairment, tjien the trust¢¢5 do not ¢stimat¢ th¢ vrfoYetabl¢ 8mounl. If their is an indÉcalion of impaiiinent. then tl)e trustees will estimate the r¢rov¢rable omount. An impaimi¢nt 1055 Ivill be re¢ogrti$¢d tf, and only if, the recoverable gmou*t of the &8sel is less ttian th¢ cairying ain01￿t. Tli¢ r¢rov¢r&bl¢ amount of 4Tk a$5¢t is the higher of its fair v(tlue less eosts io sell the asset attd it3 value in us¢. 1.9 CRsb and cash equiYaleRts Cath a[￿ e&%h I':quivalenls wJnpri56 ¢U8h at bank alld in hand, defftond d¢po5it5 Wlth bonk5 end gthtr shoit-temi htghly liqiiid iTrve51m¢Rls with orEginal tt]atUL'lti¢s of tture Jnonths or 1¢55 and b&Trk CV¢Tdr4ft5. In th¢ stat¢ment Df finan¢i&l positio￿ bankoveidrafts shoivn iYEthill cr¢ditor8 1.10 FithJ)tt¢lxl Instrllmtiits The Chartty has elected lo apply the provisÈons of sectio￿ I I 'Basic Financial InsÉwments' and S¢GtiotL 12 '0thEr Financial In5trum¢nls Issiics, of FRS 102 to all of Ét8 financiyl inslruincnts. Financial i￿trU[u¢llt5 arc r¢cogni5¢d itl th¢ Chority's b4lanr¢ sh¢¢l %vh¢n th¢ Cljavity ￿¢0￿e8 P￿tY lo the conttwtual PYOViSLOn3 of the inslrwll¢nt. Financial assets atjd liabilities are offset. Iviih the net atnoiillls pre8eM¢¢d ill the fÈn&nci81 statTnents, wh¢n their is a egally enfoireable right to set off the reco£ntsed amoiint8 &nd there 18 an illtetition to scttle on a net basis or to r¢ali5¢ the &8$¢190d wtle the liability simiiliaJeDusIy. BtTa'lcfiiionc1èTI￿$5ets Basic f￿ancial assets, whiGh includ¢ d¢biors attd ¢ash &nd battk balance$, aT¢ iniiially measured ai traJJsactÈon piice incliidiDg transactloli Costs and subsequently ¢3rri¢d at &niorli$ed cost using the ¢ffetiive Ittl￿Est method iittlLSS the ariwwtnent coi)stitules a finallciiig tiaiisactÈon. Ivhere ili¢ tra￿sactIon is mea5urd ai th¢ pitsenl value uf the fEltutt recelpis discounted al a m&rket rate of interest. >'inancial assets classified as irceivable wi(hin on¢ year are not 8]noTtised. B￿1¢ fingn¥tal liabilities, incl￿ding ¢redilors &￿e tnitially recognised at transaction price unless the aiYang¢mellt constitutes a fin?rt¢ing trAnsaeiion, iYh¢r¢ the debt instr￿n￿nI is measured at tlie pirscnt valye of the fi]lure paynients discounted at a ttlarket rat¢ of int¢res¢. Fillan¢tal liabiliii¢s cla$$ified as pyable within one yeav are not amorti8ed. Debt instruments are subsequently carried al anjoriisrd cost, using the ¢tfectiYe itJt¢r¢st Tate mdhDd. Trade crcdilors obligations to pay for gTh)ds oi. s¢rvices that liai'e bcen acquired Én the ordinaly COEirse of operatio liDm 5upplieT5. Amunts p&y8bl¢ #r¢ classifi¢d &$ tuii'ent littbilitie8 if p)ymeiil j8 due iyitliin one year oi. le8s. If not. they are presented as non-Gurr¢nt liabilitiEs. Trad¢ ¢i'¢ditOi'S &T¢ r¢wgnis¢d iniiially at tran8aclion piice and subsequellily Mea￿1r¢d at amortlsed cost Il8itEg the ¢fftCtl￿ irkter¢5t m¢thod. pthge 141 THE LONDON IRISH CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONfINUED) FOR THE FEAR ENDED 30 SEPTEMBER 2022 Accounting yolicie5 IcontiDUtd} DerecogNilioN olfiiit711cinlliNbllilies Financial liabilities ￿.¢ dth¢wgnised 1Vh￿ the Chai'ity'5 contraclual obligations aypirc or arc discharged or caTrcelled. .11 ThxAtion No ruiyent oi. def￿ra t&%alÉon arises ￿ the company has becn g¥an(ed thaTi14ble exempiiot]. ItYe¢oYerable valued added is expensed ￿ iiicunrd. The elwity is exempl fix)m taxation under S505 and Corporatiot) T￿¢sACt 198B. 1.12 BmployÈÈ henefit$ Th¢ cost of athy un115¢d holidBy rTrtstI¢￿£￿t 15 r¢cognised in the period in which the employee's sexviL*S &re ￿triVed. T¢i'mination benefits air r¢cow]ised ittulltdiatcly as an cxpcnse ivhcn th¢ Charity i5 d¢Thonstrably con]milt¢d to termin2te the employmenl of all etnployec or to provide temiinalion ben¢fits. 1.13 Retirement btntllts Payjnciils to dcfincd CODtrtbution retiMent benefit s¢hctn¢5 GhaTged as expe￿￿¢ a5 they fgll due. 1.14 Fortigrt tx¢b8ng¢ The LIC lunctional currency is Pound 8t¢rlinB. Atty ijjcome and expendi￿1￿ Ivhich in fi>re]￿ currellcy {Eurol ar¢ Iratjslaied into th¢ charity's fun¢liollal Elir￿n￿Y (GBPI, 1.15 GraJLts receivable Whut Ldpitdl grdnts are rectived, they are amonised over the lifc of the asset alld iii jitie ivith the deprecialiott poliGy of thc cl￿5 of assct. Crilieal actollut5ng estimates judgenients In the 4ppliGHtivn of th¢ Charity's aGwuntiRg ￿lI¢JeS, the TnJste¢s are required to tnake j￿dgemen4 estimates and as&imptiODS about th¢ rarrying amount of ass¢tS ￿tEd lÈabililies that &ir nat readily appatcnL froffl Dihei. 50vrces. Th¢ 5timaies and associ￿1¢￿ &ssumplionB air ba5d on lustorical experietke and oth¢Y fartQT5 that air collsidered to IElevaiil. A¢￿￿1 resiilts tllay diffei. from these estitnales. The esliJnale8 and uiidei'lying assumplions are revieived on an ongoing basis. R¢visions to aCcountll￿ estimat¢s a Teca8llisrd in thc pcriDd in whiLh Ihr cslitnalc is revised iYher¢ the Irvision affects ordy that period, oy in the p¢rivd of th¢ rrvi5i0n and firtuK p¢viods iYl)¢r¢ th¢ irvi3ion aff¢G15 both current snd fiiture ￿iOds. The key acwunting estÉtTrate6 and judg¢m¢llts ar¢.- C￿ltnatIon0f ￿￿'ket value of investmellt propeiti£% at the finatt¢ial y￿r tnd. Ullre5tricted fund$ generRI Restricted fun(15 TotAE Unresiricied fiirtds general 2021 Re$tiided fU[￿S Total 2022 2022 2022 2021 2021 Donation$ Ènd legacies 56.500 52.000 108,500 142,549 10,000 152,549 pag¢ 15 THE LONDOIN IRISH CENTRE NOTES TO THE FINANCIAL STATEIIqENTS {CONTINUED} FOR THE YEAR E]VDED 30 SEPTEMBER 3022 Cliai'itAble fictivitieg Provi¥loA DfprnvL8I0* ofArlJ tollhi1i￿￿lfY ¢wllwr#l $trYir¢5 QV¢Dts Provliltsih tytPrtyYtslom tyf4ris RILd cu]*iral tvemls 2021 serv5e 2D2Z 2022 2021 2021 Gyaiits and Dottations Fiindraising activities Cothmerttal &C¢iviiiex other itt¢om¢ 842,432 842,431 345.012 272,261 74,576 878,737 216.205 1,0941,942 345,012 272.261 74,576 917,008 617,273 1.534,281 878,737 216,205 1,094,942 Analysi$ by fund Unr¢sltri¢l¢d fund5- 8¢n￿4[ Restricltd fvllds 397,730 519,278 617,273 ,015,003 519,278 226,196 652,541 128,568 87,637 354,764 740.178 917,008 617.27J l.S34,281 878,737 216.205 1,094,942 IDv¢$tments UAr¢5tvict¢d Urtrtstricted fuiids runds general general 2022 2021 Rental i￿0￿¢ 152,710 255,876 Other ineotlle UnTt5trict¢d Unre51ricled funds fiinds gen¢Yal g¢n¢i%l 2022 2021 Development project Shop 8al¢s 38,001 285 1.350 ,350 38,286 pa8e 16 THE LONDON IIUSH CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTITrIUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022 Chari(able acilvitle5 Comiiiunity S¢ivi¢es Ar15 & Culture 2022 Tot41 Community 2022 Serviees Arls & Culture 2021 Total 2021 2022 2021 Staff ¢ost$ Othcr staff cD515 Cotvunuiiity (kvelopment Cultuir Fundraisin£ BarlV¢nLi¢ ollier cost8 604,970 183,710 77,439 512,460 1,117,430 183,710 77,439 161.046 51,735 210,703 140 664,246 31,971 110,237 774,483 31,971 161.046 51,735 210,703 140 866,259 935,944 1,802,203 696,217 110,237 806,454 Shar¢ ofsttpport ¢osis (see 5wl¢ ¥) Sh8r¢ of gov¢m4RCC Costs (3¢¢ bte 8) 268,331 99,569 367,900 360.773 473,9( 43,657 43,657 58,985 58.985 1,178,247 1,035,513 2,213,760 1,115,975 223 J61 1,339.343 Anglysis by fund Unr¢5tri¢t¢d fund5. g¢nri41 Reslrictcd funds 713,205 465.042 981,027 54,486 1,694,232 519,528 433.5 682,383 223 J68 656,960 682,383 1,178,247 ,015,513 2,213,760 1,115,975 223,368 1,339,343 8c17 THE LOIYDON IRISH CENTR NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YK4R E2VDED 30 SEPTEMBER 2022 Support tost$ Support ¢o$ts Governwnte ¢osts 2￿2 Support £Dsts CoverDance costs 2011 DepiEciation L￿￿¢11 Clubs Exp¢t)ses Rrp&iiE & Maintenan¢¢ F¢stivals and Cultu piY)wamm¢ Renl, ra*S ar￿ servK¢e haiE¢5 Ittsvyon¢¢ Getxerdl Offite 'rravel and Repatriation 113,785 9.756 71,895 143.785 9,756 71,895 ffi44,Otx 18.572 58,032 144,000 18,572 58,032 9,575 9,575 111,085 13,240 18,466 68231 42,278 13,240 18.466 68.231 42,278 24,354 108,535 24.354 108.535 Audit f¢e$ AGcoulllancy Legal and pmfessional 14,740 761 28,156 14,740 761 28,156 9,IK)O 9.000 49,985 49,985 367,900 43,657 411,557 473,904 58,985 532.889 Analy8ed behveen Charitable activities 367.900 43,657 411,557 473,904 58,985 532,889 Govttnance costs includes payments lo the auditors of £14,74Q (2021. £9,000) for audit f¢¢s. Trmstees None ot the Trustees I￿. aThy persons connected wsth them) received any retlluneration or benefits from th¢ Chayity during the year. 10 Employees Th¢ overage monthly niimber of employees durang the year ivas.. 2022 2021 Nlltnber Fllll-iime giaff Part-time 81atr 24 17 Total 32 22 page 18 THE LONDON IRISH CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022 10 Employee5 Icolltiiiiiedl Ejnployment costs 2022 2021 Wages and salaries So¢iBI 5¢GuI'ity costs Other pension ttssis 1,005,500 97,083 14,847 751.374 67.163 15,384 1.117,430 833,921 Key MAiiAgement Penoijnel The twstees considcv9 tntmbers of staff lo be key managemujt persoKnel. The loial empEoyment bet*efJi8 of key nhdndgcincnl pcrsutmLI 2022 ivas £254,020 (2021 Tht CEO ivas eonsidered to be a key manager for LIC and was p&id a Salary of £60,000). The nun)ber of employees whose aiinual r¢muDerntion more than £60.000 is as follows.. 2022 NThmber 2021 Nurnber li Other t05t5 Unrestricted Un￿StrICted fuiids f￿ldS zeMtrAI getjernl 2021 2022 ShDPS Costs Developn¢nl project 436 L2,984 994 121647 13,420 123,641 tmge 19 THE LONDON IRtSH CENTRE NOTES TO THE FINANCIAL STATEll￿NTs (CONTINUED) FOR THE YEAX EIVDED 30 SEPTEMBER 2022 12 T#tt#ibl¢ fixed a55ets FrethTrld IfjDd Ix45ehold InDd Aud bUIl￿ngS blludlngs FLituris TolAI Cost At l October 2021 AdditioA 5,569,742 594,079 120,820 16,423 6,284(,641 16,423 AI 30 S¢pt¢fflbrr 2022 5,569,742 594,079 137,243 6,301,064 Deprecixtion and imp¥irmEnt At l October 21T21 tkpirciation chaiEcd in the year ,009.612 102,818 169,956 11.¥82 68,255 29.086 1,247,823 143,786 AI 30 Sepien)Iw 2022 1,112,430 181,838 97,341 I J91.609 Carrying Amount At 3Q S¢ptrmb¢r 2022 4.457,312 412,241 39.￿2 4,909.455 At 30 Septembw. 2021 4,560.130 424,122 52,565 5,036,817 13 Anvestment pTry)perty 2022 Fxlrv4lue At l October 202L and 30 September 2022 263,000 Inve5hna)t properties rented to exterllal pthie5 hai'e bceii Trccounted for at fair value on Qll t8timale by the Inistees. 14 Dtbtors 2022 2021 Amounts fAllln% duewilhin ome yeAr: Oth¢i' d¢bto) Pr¢paymenls and accrued iLcome 107,262 27,092 101,145 52,463 134.354 153.608 pag¢ 20 THE LONDON IRISH CENTRE NOTES TO THE FINANCIAL STATEMEiYfs (CONTINUED) FOR THE YE4R ENDED 30 SEPTEMBER 2022 15 Cv#litor5: falling duo withiii on¢ ycar 2022 2021 Notes Othei't&xalion social se¢uYity ¢feiird Lapilal granls Tiyde ci'editors OtheT ¢r¢dilor5 AccwaL8 defenyd irtc<)m¢ 34,478 251,874 101.206 23,044 1,083,097 23,983 257,732 98.284 8,003 857,324 16 1.493,699 1,245,326 16 Deferred intome 2022 2021 Othcr defekTd incotn 251.874 257.732 Deterred incotne is included in th¢ fIna￿ial statements as follows.. 2022 2021 D¢fenrd income is inclLthd within.. c￿￿ent IEabiltties 251,874 257,732 Movements in the year.. Deferr¢d incoine at l Octob¢L' 2021 Rrlcascd from prcviDU3 pcriod5 Resources deferred IJJ the year 257,732 (5,8581 257,732 Defeiird irscom¢ at 30 Sept¢mb¢i' 2022 251,874 257,732 poge 21 THE LONDOIN IRISH CENTRE NOTES TO THE FtNANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022 17 Restri￿ed funds The in¢om¢ funds of Ili¢ charity include irslricled fuiids compriginE the lolloivillg unexpe￿d￿j balances of donations dnd grants held oji trust for specafEc piirp05es-. Moveinent IA fuuds Movem¢llt flind5 YesOu￿e$ l Ottobor1•21 expended 30 Stplenjber 2Q22 LICC Grant funding 22,006 571.278 (519.5281 73,756 R&Elricled funds are m￿e up of money frotn the govemm¢nÈ of Irel￿￿ - Emigrant ￿ppOrt Progr&rtLni¢. The funds are Irslrictcd foi. thc fi)Iloiving PTajects- l) Advice selv1￿ 21 Community Health Navigator- 31 Core HolislÉc O¥gollisation St&lTing and Ov¢i'heads; 4) Integrated SL)rvÈvors SuppoTI Pi￿le¢(., 51 Irish Culture, Digital Conncction & Heritage; 6) Wellbeing and Elders Persons Service. 18 UThrestrieted funds- Desigii#l¢d Th¢ iiicom¢ fund5 of the Charity iiicliide the folloivi118 d¢si8nafrd funds iYhid] have been set &8i(k out of i￿￿£$triCted fliJd5 by thE tru5t¢e5 for sp¢cifJc purposes.. Mov¢Thent in funds n14*e¢ #l l O¢iobtr2OZI 30 Stptembtr 2022 Reknelopment project 510.382 510,382 The re.developm¢nt proj¢¢t futld Kpr¢s¢nt funds held ¢armai'k¢d for the development of rtxe ceJllr¢. pag¢ 22 r4 t￿￿ > r4 *0( ¢r r4 THE LONDON IRISH CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE FE4R ENDED 30 SEPTEMBER 2022 Related ysrty tr¥nsactÉoiis Therc iYeYe no disclosable related party trans¥iions duTIDg the year12021- none). 21 CAsh ¥¢Nerat¢d fro]n operations 2022 2021 IDrfi¢iiysuTpus for theyvar 1430,3391 78,669 AdjustsT]enls foi.: Investmellt incorne re£ogt*ised itt slat¢m6nt of financial actlVLtie8 Depreciatiotk and impairmertt of taiigible fllted &ssets 1152,7101 143.785 1255,8761 144,000 Movements in IvorkiTrg capital., Decreasellincrease) in debto¥s In¢r¢a5el{decr¢asel in crcdÈlors IDecredseyincrease in deferred income 19254 254,231 15,858) (60,334) (98,343) 257.732 Cash (Absorbed byll2extrattd from thp¢rntioTh$ (171,637) 65,848 22 AnAIysi5 f&f chADges in net fuxds The Ch8rtty had dcbt diirijjgthe year. page 24