Clharlty r¢glstTAtIOlJ Dumber A149787
CompxDy rtglstrstiou llumber 8221411 {Englalld and Wilej)
THE LONDON IRISH CENTRE
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTFMBER 2023

THE LOI¥DON IIUSH CENTRE
LEGALAND ADMINIsfRATIVE INFORMATION
Trustees
Ms Rosaleen Blair CBE Icljairyerson)
Mr Patri¢k Doh¢rty
Mr Michael O'CoJJntsr
Ms Mary Kerriga
Mr Tom Goddard
MrAlex O'CiimeidE
Ms Maura McGowan
Mr D C Hutkt
Ms Orla Ralston
h4r E Bracken
Ms A Miirphy
Mr Thomas ConnaUg￿t0D
Mr Sean Qvana8h
(Appointed 8 &tobEI' 2022)
(AppoÉnted 5 Decemb￿ 2022)
(Appointed l Aiigust 20231
(Appoittted l August 20231
{Appoiiited 9 NovMib¢r 2023)
(Appointed 9 November 2023)
Chief EAe£utlve Officer
Mr S M&cCormaic
Cbarlty lil Ellwand And W#les
1149787
Company number
8¥21421
R¢glstered office
50- 52 Camden Square
London
NWI 9XB
Aiiditor
1￿Chard Place Dobsoth Services Limit¢d
Ground Floor
1- 7 StationRoad
Ciawley
WesÉ Sussex
RHIO IEfF

THE LONDON IRISH CEI¥TRE
CONTENTS
Page
Trust¢e5 report
Statement of Trustees respthisibilities
Indet*ndellt auditor's report
Stat¢m¢nt of finoA¢ial a¢tiviti¢s
9-10
Balance sheet
Stat¢tN¢nt of cash flow
12
Notes to the financial slAtemellts
13-24

THE LONDON IRISH CENTRE
TRUSTEES REPORT (INCLUDIIYG DIRECTORS, REPORT)
FOR THE YE4R ENDED 30 SEPTEMBER 2023
The Trust¢e5 present their at)nual report and fjnancial stst¢inenls for the year ended 30 Septcmber 2023.
The financial slatenjenls have been prepared in a¢corda]]c¢ with the accouiitlllg poli¢ies set out in note I to tht fTnatLcial
8tatemeiits and comply with th¢ Charity's nieiiiotanduii) and article5 of association, Itae Compajiies Act 2006 and "Ac¢ouiitit)g
and Rcporting hy C.liarities.' Statettjeiit of 14ecommend¢d Practice applicable to cliarities prepariiig their a￿0￿1)tS in accordance
with the Financial R¢portiThg Standard applicable itt the UK ￿ld Republic of IrelaThd IFRS 11)21" leffcct2v¢ l Jattuary 2019).
Obje¢tiv¢¥ and Aetlvffitffi¢8
The Chaiity aims to empower and enrich lives through Irish community and culture. Th¢ Charity a150 Supports Oth￿ Irish
hai'ity and community organisations through th¢ provision of either free or hfdvily subsidised spaee at the CamdeD centre for
meeting$, ¥duiution, and ¢Y¢nts.
The Charity delivers projects in lin¢ with its charitable objectives tlkrough a network of services delÉvered prÉm%rily •Gr055
London. Som¢ s¢rvi¢¢s ar¢ d¢liY¢red virtually to other lo¢ation$. se￿1¢¢5 include advice, support, befriendin& aiml sobial
activitÉes aimed at empoweritig people, tmproving health atld w¢llb¢ing. aud promoting commiiThity ¢onn¢ctions for people
at risk of isolation. The s¢rvi¢es are delivered both r¢motely via social media aTJd wtb platfom]s as well as via direbt far¢ lo
facc cll8agcmcnt. Thc charity provides edllcation atjd learning opportuntties for all age groiips 4tJd promotes Irish Art,
Ciiltt￿C alld Heritage through a large programm¢ of events at the Camden Centr¢, on-liii¢ and at pop-up ¢vents across
London.
The Charity masntsins one of the lar8est onlin¢ Irish ¢ommulliti¢s in BritaiM* providing a foninJ for networking, discussion,
and siipport.
The Camden Ceiitre also remains ali important and a￿¢S$ible hub. providing affordable oifice Space for a iiutnber of resident
or8anisation8 and event space for tjie local cDnJmunily as well as a htsm¢ lind focal pciDt for our staff and voluiiteers.
AChIeve￿ents perfor￿allre
Communlty S¢rvie¢s.' London remains the win¢lpal location itt the UK for expatiiate Irith of whom need easy acce5S
to th¢ broad range of s¢rvi¢es provided by th¢ Charity. S¢ctions of the trish community hav¢ signifi¢anl support needs
arvund m￿￿tal health, physityril hedih, fi￿a[h(¢s, housing* attd addietion with th¢ a8¢ d¢mographi¢ of our Client bas¢
broadening significantly throughout the lastyeay.
Diiriog the18st twelve mot)th$ oyr work has become far more focused on the needs that have arisen ￿¢￿￿e of the ongoing
ft¢rmAth of th¢ Covid-19 pand¢mi¢, ¢ompoiind¢d by th¢ cost-(>f-liYing crisis. Overall demand has increased throughout the
year by almosl Fifly per cenl. We h*vv 41w vb¥¢rY¢d that the needs of those seeknns support are mor¢ complex, requiring
more time and r¢sour¢es. W¢ ar¢ proud and grateMI for the skil]s of our staff in this regard.
Staff from oui Wellbeing team have ¢otJtinued to provide hot luttchtg. food parcels. clothin& and sociHI club8 hoth online
and iii person, Ou¥ b¢fri¢nding servi¢¢s liave also grown, providing 0￿￿t0-one support ofj how to get online, gain a¢¢ess to
health s¥rvi¢es ur simply lo provide ¢4)mfort. Duriiig th¢ ytar we have also conti￿Ved to ben¢fJt from a high iiumber of
Yolunteers. We remai￿ extremely grateful for their support.
Arts and Ciilture.. We have continued to expand online with increasing Social niedia engagenient and an ongoing
programm¢ of ¢vents. Culttir¢ teams hove ¢ontiiiu¢d to build on their progranune of Irish cultural activilies provided iii
th¥ ofiangll&84 music, arts, and literalure.
HÈrit#g¢: With th¢ assistan￿ of th¢ Ronk Foitndation, Time to Shine gTaiit. we expanded the llumber of exhibitions at the
Centre and ¢ontribiited to others by providing finan¢ial support thanks to gellerou5 beiiefactor5, namely the 'lrish Nurs¢s
Oral Histoiy, proj¢¢É and t1￿ Ultan Cowley ￿lI¢¢tIOn, the'story of the Navvy.,
Gatheilng: The LIC continues to be a fo¢al point for the Community. for celtbrations and tributes, evidenced by m&Yimum
¢apa¢ity free ti¢k¢ted ¢vents for th¢ simultaii¢ous live scree￿ng with RTE of 'Fillding Brigid, hosted by Siob]ian
M¢Swe¢n¢y in February aiid by the iiiusical tribute la Sinéad O'coiinor in July, tkne latter of ivhieh received global medi
Coverage.
pag¢ I

THE LONDON IRISH CENTRE
TRUSTEES REPORT (INCLUDIIYG DIRECTORSI REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Fundlmg.. We are llicredibly grateful to the li'i5h Government for their ¢omtiiiu¢d support includiTh8 throu￿ tlie Emigrant
Support Pr(Igramme, adminislered a1￿UallY by 1￿C Dq)artineiEt of Forrign Affairs 2nd Trade. Miis ainouiited to circa 23Yo of
tlie Clkarity's Dverall incomc in the fiscal year. We bave also seen att itt¢re&se ITh local con)munity partn¢rslups parti¢ulaYly
with Catnden and Isli]igto￿ Councils. We look fonvard to ¢xpanding and str¢ngtli¢i)ing thes¢ p&itnerslup$ in the coming
years.
Financial leview
Thr Tnistc¢s report that the Chaiity re¢ord¢d an op¢raling deficit of £58k after Gharging depreciation of £164k. Th¢ defIcit
niarks a signifiGant improv¢m¢nl over the previoiis year despÉte the continuitjg ramp up in the Venu¢ ond additional iitility a￿d
payroll costs due to ongoing infiationary pr¢ssur¢s.
The Trustees reFK>rt th&t the Charity was able to meet the increased demand for 5etvi¢es pla¢ed on it post pandemsc and IA
dealing with the ¢ost-of-living ¢risis i￿Illg r¢serves.
The Charity ihcieased staff to 37 from 32 10 ¢n$ure it could deliver its high-quality serviG¢s tv the ¢ommiinity it serve5 il) th
ce of ri5iag dCfftd￿d oiKI to operate the Venue. Thc cash reserves remained largely the sam¢ at £1.5m.
It is the policy of the Charity that iinrestri¢t¢d fvn(Ls which have Jiot bccn dcsignatcd for a specifi¢ use should be mainlairned
at a Icvcl to covcr 3 mortths, net expen(littw¢. Net expenses are defined as the total expellse that 15 cxpeGt¢d to be iii¢urr¢d or
likely to be occurred and known at thc tinie of the assessment I¢ss ony iTU)m¢ that is likely to be earned d￿rillg ihe sartje
period witb eerlainty- The Trus¢¢e5 CDll5id¢r thal r¢¥wv¢s al this level will ellsure that, in th¢ event of a sibmificant drop in
ndkt)g, they will be able to ¢ontinue the Charity's ¢urrait a¢tiviti¢s while eonsideratloll IS given to way5 in which additionol
nds nay be raised.
Plans for futhre perlods
Planning prrmission to redevelop th¢ London li'ish Centre {LIC) wa5 foi'jnally grant¢d in May 2024 on signing of the 5106
(121 piillripl¢ it Wa5 ¥ronled in September 20201. The buildillg is deteriorating. this inpacts $￿viC¢S fm'eatens future
rinallcial sustainability. Due to poor layout attd ageillg fac2litEC5, running r03ts are imcreasing and the ability to maximÉse
1￿coMe from the premises 18 exha￿St¢d. Acccs5ibility poscs problenis for savi¢e delivery. Consequeiitjy, the charity 1$
planllEDg to redevelop the building, maintaining the historic villas on Camden Souare.
Th¢ ofthe develop[￿ent l5 ID:
otyer world-cl&ss community and cultural facilities and resouv¢es to ¢noble enhall¢ed l expslldcd delivery of
London Irish Centre's seivfftce portfolio.
Supptsrt finattci&l sustainability for th¢ LIC'S gervices tl]rough effective iitilization of the expanded facilities and
resouY¢es.
Be fiilly a¢¢essible and incliisive, removing bariiers in siippvrt olour warm welLome.
Creat¢ art impn]ved destination for the Ii'ish cojnmunity and wider commimity, as well as an important ailtural
Asset for London.
Ci¢at¢ a m()dern, flexible and safe workin8 envÈronmetht for staff a￿d volunteers.
Fea￿re Community kit¢hens, café bar5 and mixed-usc events spa¢es iiicludillg a d¢di¢at¢d cinema, theatr¢ and
concert hall, h¢ritag¢ C¢iit¥¢ and creative stLidios.
Build Irrsh Liiliure, creativity and heritsge into the dcsigtt. layout and fabric of the build to celebrate the story of
the Irish itt Loiidon
Crealt an ¢iihaii¢¢d W¢llbcing Hub offcTiThg activitle& education. SOCI￿ spa¢e and I￿ncheS.
FeatiiiE improved, exhibttion spaces and digital aYchivc5 and library.
Have ¢nviromK¢iital siistainability front and cel￿e in th¢ d¢sigll ana build, tncliiding new green spaces and
¢nviron]n¢ntal 'excellence' to rcdiice environmental impact.
Potentially offev acwmmodation for both the Ylilllerable alld artl5t ￿sIden¢e spa¢es
page 2

THE LONDON IRISH CENTRE
TRUSTEES REPORT ONCLUDINC DIREcfoRS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Extotnal evalu4tloD of the chArity
The charity ha5 ]Daintaincd Advice Quality Stalkdai'd {AQS) and the Quality iii Befriending a¢¢reditations and coiitiiiu¢5 it8
memb¢rship of the LtYi1￿ Wage Fo￿ndatIOji. Tlie Trustees very fftnuch appreciak the higli quality of srrvice given to the
Londoii Irish Centr¢ Charity by its Staff, TTUSt¢es, and niemb¢r5 of COEnmittees as well as the in¢r¢asing nutkjber tsf
volunteers who supported the charity 2023.
The Twstees are deeply grate￿1 foi. the fmattcial support from the mally donors, foundations and trusts that prtsvtde financial
support as well as the illdividllal$ who provide valuable pro&btsno advice and consiiltancy. As alffadyj Stated, we 8r¢
P#tti¢ula]ly grateful to the Irish Governin¢nt foy their ¢ontiniE¢d 5UPPOrt tholig￿ the Emigrant Support Progtamttte and
Cultiul Irelattd grants.
strlltlllrèj governanee
The Chief Execiitive oifi¢er (CEO) provides leadership alld stratcgic dÉrectioJi lo the Ghai'ity, and reports to the Board. The
CEO is svpport¢d by & Maiiagenlent Tram ivith respot15ibility for day-tiwlay management of fiinctions rclatlng to
Community Services. cul￿r¢. Venue artd Oper&tiotts.
Tlie Board is respotjsible for oversight and govemance and develops tlie $trat¢gi¢ direction for the Cliarity lil collabor2tia
with tlie CEO. The Board meets a of six times per ycai. aiid Tiustces liave ¢ombinEd ¢xperii5¢ at senior and
executive level in a￿oUnt￿n¢y, taw, constructioii, finan¢e. arts, cultural activity, wider pub]i¢ policy. Five Board sub-
con?miitees cover comtnullity seryi¢¢s, fJnaty¢e, cultlwe, development and a sixth provide5 g¢tteral OVCL'sight.
TlieTC are currejitly I l Tr￿SteeS in place, with RDsaleeii Rlair CBE, cha￿ and Mike Oconllor CBE, Vice Chair. collaboTating
wilh tlie remaining Trustee Board. We are extremely gixt¢ful for all tbeiT ongoing gyid&nc¢ and support.
Th¢ Trustees, who are a]so the d1￿CtorS for the purpose of company law, attd who served during th? ye4r and up to th¢ dote of
signatllre of the fjnancial 5tatem¢nts were..
Ms Rosaleen Blair CBE Ichiirperson}
MrNyall Jacobs
Mr Patrirk l)oheity
Mr Michael O'contjor
Ms Mary Kerrigan
.'r(km Goddaiyl
MrAl¢x O'Cinn¢ide
Mr Mi¢hAel Roddy
Ms MHura McGowan
Mr D C Hiillt
Mr S M Keiinedy
Ms Orla Rolston
Mr E Bra¢ken
MSA Murphy
Mr Thomas Connaughton
Mr Seaii Cayanagh
(ReSlgt￿d 30 Jiille 2023)
(Resigned 4 Mar¢li 2024)
(Appointed 8 October 20221
(Appointed 8 O¢tober 2022 and resÈgncd 27 March2023)
(Appointed 5 December 2022)
IAppoiRtcd l August 2023)
(Appointed l August 20231
(Appointed 9 Novemb¢r 2023)
(Appoiiited 9 Noveiiiber 2023)
In accordance wlth the Articles oFAssoGiation, the directors rettre by rotation, aRd, bEing eligible, offer them$¢lves for re-
election.
p&g¢ 3

THE LONDON IRISH CENTRE
TRUSTEES REPORT {INCLUDINC DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Th¢T￿￿te¢S r¢port was approved by the Board of T￿￿tees.
MSR
Er CBE (Chairperson)
Mr Patrick DDhwty
Trustee
Trustee
Date..
2510612024
page 4

THE LONDON IRISH CENTRE
STATEMENf OF TRUSTEES RESPONSIBILITIES
FOR THE FEAR ENDED 311 SEPTEMBER 21123
The Trusl¢r& who are also the dir¢¢tors of The Lolldoii Irish C¢ntre for the purpose of ¢0iiipaiiy law, are responsible for
preparijig the Trustees Report alid tlic financial 51atetneiits in a¢¢ordAn¢e ivith &pplic&ble law aod United Kitsgdom A¢counling
Standards (United Kingdo￿ Gellerdlly Ac¢¢ptedAceounting Practic¢).
Compaoy Law requires the Trustees to prepaTe financial statem¢Dts foi. each fJiwici&l year whi¢li give a true and fair view of
the slate of affasrs of the Charity and of th¢ incoming resources and applicutioll of r¢sour¢¢s, itlcluding the income and
exp¢ndituYe. of the charitable company for that year.
In preparing these fjnattclal stpt¢m¢nts. the Trusters are requir¢d to..
select suitsblE acrouttting policies and then &pply them consistently,.
- observ¢ the methods and prillciples in the Charities SORP.
mak¢ judgements and estimates that are reasonable and prud¢nt:
state whether applicablc UK Aceountijig StandaTd5 have been followed. subject to any material departures disclosed and
explained in the fI￿nG1￿[ 5tateJnellts' and
prepare the financial statemcllts on the going ¢ott¢ern basis unless it 15 inappropriate to presume that the Charlty will continlle
in opcration.
The Trusl¢¢s or¢ r¢sponsibl¢ for keeping adequate a¢¢ounting records that di*10￿ with reasonable ac￿r￿ at any time the
financial position uf the Charity and eiiable th¢ni to ¢Dsiirc that the fit)ancial staten)ents comply witlj the Companies Act 2006.
They are &lso iesponsible for safegiiaiy]in8 the assets of the Clyarity and hen¢e for tiking reasonable steps for the prevenÉÈon ai?d
detcction of fraud and othBr irregularities.
page 5

THE LONDON IRISH CENTRE
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF THE LONDON IRISH CENTRE
Opinio
We have audited the finaTh¢ial statemettts of Th¢ London Irish C¢ntre (the 'Clwity') for ttie y¢Rr ended 30 S¢pt¢mb¢r 2023
which coinprise the stat¢n)¢nt of financial activities, th¢ balan¢¢ sheet, th¢ statement of cash flows and notes to the financial
stalemeThts. incl&iditEg significant accountillg policies. The financial i?poiling fiwllework that has been applied in their
prepailtion is &pplicable law and United Kingdom A¢¢ouThting Stand8rds, incliiding FIDanc￿81 Reporting StaT￿ard 102 The
rinaNcial R¥poR'lillg Siandordappllcable fhe UK ÉE￿￿ Republic of liÈloAd (Ujitcd Kin8dom Generally Accepted Accounling
PTactice)-
Itk our opinion, th¢ finan¢ial statements..
give a true and fair Yiew of the state of the ¢haritable Company's affairs as at 30 Septstnber 2023 atid of its incoming
resources and application of re50urce5, for th¢ year then ended;
have be¢n properly prepared in o¢Gordance with Uiiitcd Kiiigdom Generally Accepted Aceountitkg Ptactice. and
have been prepared iTh accordatJc£ witli the requirements of tlie CompaNÈes Act 2006.
B*$i8 for opilllo
We conducted our audit in a¢Gordan¢e wilh Internatiot)al Statidards oil Auditing (UK) IISAS (UK)) and appli¢abl¢ law. Our
responsibilities UtKler those standards &i'e furtlier described in the Audilor's 1¥spoi￿1bTlilJeS Aop. Ihg aiidif Gf ihe fr￿0￿clO1
stulemenls 5eGlion of our r¢pDrt. We are indepcttdcnt of thc Charity in accordanc¢ with the ethical requirements thaf ar¢ relevallt
lo our audit of the finatt¢ial stat¢m¢nts ith the UK, including the FRC'S Elhic&l Standayd, and we have fulfilled our other ¢thical
responsibiliti¢5 in accordanc6 with th¢s¢ ]rouirements. W¢ b¢li¢ve that the audit evidellce we have obIaiTh￿ i¥ 5uffivi¥Thl
appi'opriate to provid¢ a basis for our opinion.
Conclu$lons relatlng to going ¢oDcern
In aiiditing the fjnancial state2nent5, we hav¢ ivnrluded that the Th￿tteS use of the going concern basis of ￿cOuNtIng in th¢
preparation of the fLnancia] stat¢ments is appropriate.
Bssed on thc work wc have performed. we have not identified any material uncertaittties relating to evcnts or ¢otkditions that,
individually or collectively* may ¢￿t significant doubt ¢in the Charity's ibility to continiie as a going Lonc¢Tn for a p¢iiud ofat
least twelve mooths from when the finanGial stut¢Jnents are aiiiborised for issue.
Our respons￿bilitieS a[￿ the FC5pon5ibiliti¢5 of the Trustees witb r¢sp¢¢t to goin8 wnc¢m are described in tbe r¢lev&nl sections
of this report.
other informgtloll
The ather information compriscs the infortt)atioii included in the anDyal report other thall the financial staleTll¢nts and Olir
aiiditols report thereon. The Trustees resp0115iblc for the other inform&tion ¢ontained witliin tlie annual report. OUT OPITiiOII
on thr fin8n¢ial statements does iiot cover the othei. iiifuTtnatii)ii and we do t￿t express any fonn of a55llTance concliision
th¢reon. Ovr responsibility is to read the other inforniation and. in doing so, consid¢r ivhether flie otkner itiformatioTh is
matcrially in¢onsisl¢iit witl) the financial stat¢nients or Diir kntswledg¢ obtaiiied in the course of tlic audit, or otherwise appears
to be materially ini.sstatcd. If wc idcntify sueb material Ancothsistencies or apparent niaterial misstatements, we are rcquircd to
detemjine whether this gives rise to a material mis5tat£mcnt in the financial statein¢nts th¢m8elves. If, based the work w¢
have perfonned, w¢ ¢on¢lude tliat there is a tnaterial misstat¢m¢nt of this otlier infonnktion, we are required to report that fact.
Wc have llothing to report in thi5 regard.
Matter8 which we #Ye r¢qulred to report by exception
We have notliing to repoit in r¢spe¢t of th¢ followillg matter5 Itl Telation to which the Charities (Accounts pnd R¢portsl
Regulations 2008 requir¢ us to r¢port to yoii if, in our opinion-.
the information gEven in tlie financial statements 1$ inconsistent in any mat¢rial respect with the Trustees report,. or
suifi¢ient accounting records have not been kept. or
the fit)ancial stat¢n)¢nts arc Lot in )gre¢m¢iit with th¢ a￿0Vilting words. or
we hav¢ not ￿(61ved all the lDforn￿t10n aiid ￿planatiOnS we require for our audit.
page 6

THE LONDON IRISH CENTR
INDEPENDENT AUDrroRIS REPORT (CONTINUED)
TO THE TRUSTEES OF THE LOIYDON IRISH CENTRE
Rtsponsibilities of Tnlstees
As explained more ￿]lY the statement of Twstees r¢sponsibililies. tli¢ Trustees. who are also the diirctors of the Charity ftsr
the purpose of Company law, alE r¢sponsibl¢ foi. the preparotion of the financial stat¢ment5 and for being satisfied that th¢y give
O true and fair view. and for such internal control as the T￿$t￿ det¢Tmine is ne¢essary tt> enable ihe preparation of financial
5tat¢m¢nts that arc free frotn materÉal mÈ$statem¢nt, wh¢th¢r du¢ to fraiid or Error. ITL Pitparing the fJnancia] slalement$, the
Trustees are responsible for a5scssin8 the Cliarity's ability to ctsrttittue a5 a going concern, disclosin& as appli¢able, mAlt¢rs
r¢l3ted to going coiicern aiid usiiig the gofftng ¢on¢em basis of Kcounting Ulliess the Th￿eeS either intend to liquidate ihe
¢harilable company or to cease operations, or hav¢ no realisti¢ alternAtive but to do so.
udltor'5 reSPIMl8ibilili¢s for the iudlt of tbe fIllalltial statement5
We have beeii appointed a5 auditor und¢i' spxlion 144 of the ￿￿rItieS Act 2011 and report ill accordance with the Act and
relevant regulations made or having etTect thereunder.
Our objcctivcs arc to obtain reasiinable assuYanGe about whether the f￿8￿¢121 stateme￿t$ a8 a whole are free from m&terial
mÉsstatetnent, whether due to fraud oi. error. artd to issiie ali auditovs K¢POrt that includes our opinion. Rtasottabl¢ a55uraiic¢ 15 8
high level of a$svran¢¢ but is not a guarante¢ that an audit cojiducted ill accordaiice with ISAS IUKI will always d¢te¢t a
material misstatemttjt whell Ét exis1* Misst4t¢tll¢tLls Gan arise from fraud or eriyii. ￿ld are ¢ok)sid¢red material if, individually or
in die aggregate, they could Teasoiiably b¢ expe¢ted to infiuence the ecoiiotnic decisions of users taken on the basis uf these
financial $tal¢ments.
Th¢ ¢xtent to iyhich our pro¢edur¢5 arc capablc of detecting irregularities, li￿luding fraud, is detailed below.
We have made 6nquErics of managemellt, and triistees. regarding the procedures relating to ida1tifylt￿ evaluating and
complying with
law5 regulations and whether they were aware ofany in$tan¢es of iion-cotnplianc¢'
detecting alld respondins to the risks of fraud 8nd whether they hav¢ knowledge of any acthaI, suspected or alle8ed
3. the intemal Controls established to mitigat¢ risks related to fraud or non-compliance with l&ws and regul#tLons.'
Discussion arnohg the eftga8ement team regarding how 3od where fraud might occur IA the financiil statements and any
potential illdicators of fraud.As part of thi5 discussion. w¢ identified potential for frHud atkd or error in the folloiving areas..
Revenue recognition - this was tested $ub$taThtively foy fimdr&isAng attd evellts iThcom¢, we p¢rfomi¢d proof in total
testing ovei. grant income
Management override of controls- we Kviewed mallag¢Tti¢nt a¢¢oiints and large journals to discover any ¢vid¢n¢¢ of
management override
Valuatioll of land al￿ buildsng5 - w¢ revi¢w¢d th¢ building for 5iglls of impairni¢nt and recent valuation infornialion
to conf￿￿ th¢ land buildings were included within the a¢¢ounts accurately
W6 Qblained att understanding of the l¢gal and fEgulatory fratnework that the Charttable Company op¢rat¢s in. foGusing on
those laws and r¢gulations thal bad a direct effect on Ihe finattcial st&t¢ments or that had a fut)damental ejfect the optTatioJ
Df the Charitable Comp8ny. Th¢ key laws and r¢giilatior15 we considered in this context included th¢ UK Compat)i¢s Act.
Charities A¢L data protection regulations, heRlth and safety and employment le8islation.
Di5Giission was had with Jnan2geJnent and the trust¢¢5 and allLO]Wt the ellgagement t¢am to 8aiii an iiiid¢rslaiiding tsf the
entities ¢u¥rent adtvittes, authori$ati¢)n pio¢edures aiid effectiveness of the control enYEr0J￿llttlt. Our understsllding wa5 test
during th¢ audit woi'k and the sysl¢ms ond ¢ontrols in pla¢e were found to bE operati￿8 effectively.
The engag¢m¢nt partn¢r has r¢vi¢w¢d th¢ t¢om sele¢ted to uttdertake the engageJneDt at]d ensure that they have suffi¢ient
ctsmpEtence and are capable of idenlifyitjg aijd recogttising non-compliallce wEth laws and re8ulations. No iionv¢ompli*n¢e was
id¢Thtified.
Afilrtber descriptioll of our responsibilities is available OA the Finan¢ial R¢portiiig Coiin¢il's website at: http5'./lwwiv.froorg.ukl
auditorsitSP0115ibilities. This description forms part of our auditoes report.
pfjgr 7

## **THE LONDON IRISH CENTRE** 

## **INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE LONDON IRISH CENTRE** 

## Use of our report 

This report is made solely to the charity's trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity1s trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or'assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed. 

## **Darren Harding ACA, FCCA, DChA (Senior Statutory Auditor)** 

Richard Place Dobson Services Limited Chartered Accountants **Statutory Auditor** 

25/06/2024 Ground Floor I - 7 Station Road Crawley West Sussex RHI0 !HT 

Rfohard Place Dobson Services Limited is eligible for appointment as auditor of the Charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006. 

page 8 



THE LONDON tRISH CENTRE
STATEMENT OF FINANCIAL AcfivITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Currellt year
Unre5tr1cted
funds
gEneral
Unrestrkttd
fuDds
Designgt¢d
2023
R¢$trict¢d
riinds
Total
TotAI
2023
2023
2023
2022
Note5
llltome and endoivments from:
Donations and lega¢i¢s
Ch￿itable activities
Inv¢stm¢nts
Other ijicome
135249
1,923.463
133,934
26
135,249
2,525,985
133,934
108,500
1,534,281
152.710
1.350
602,522
Totsl lll¢omÈ
2,192,672
602.522
2,795,194
1.796,841
Charitable aclivities
Other ¢xpendithre
2,072,786
45
128,918
652,334
2.854,038
45
2,213,760
13,420
li
Total ¢xp¢nditure
2,072,831
128,918
652J34
2.854.083
2,227,180
Net incofftel(expendlturel gnd
movemellt ID funds
119,841
(128,918}
(49.812)
158,889)
{430J39)
Reconrili8tion of funds..
Fund balances at l October 2022
4,831,293
510,382
73,756
5.415,431
5,845,770
Fund bAlan¢¢s At 30 September 2023
4.951,134
381.464
23,944
5,356,542
5.415.431
Th¢ st4t¢ment of fin&tkcial activities includes all gaiDs ￿ld losses reco8ni$ed iii the year. All inwmc and expenditwe derive
from continuing activitl¢5.
p)g¢ 9

THE LOIYDON IRISH CENTRE
STATEMENT OF FINANCIALACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITUREACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Prltsr fi]LaDcial yeAr
Ullrestrieted Vnr¢$trict¢d
fuud8
funds
gelleril
Deslgthaled
2022
2022
R¢$trleted
nd5
TOIRI
2022
2022
Notes
Income and ¢ndowm¢nts from:
Donations and Icgacies
Charitable activitics
Investm¢t)ts
Othcr incom¢
56,500
1,015,003
152,710
1,350
52,000
519,278
108,500
1.534,281
152,710
l.350
Total incom¢
1,225,563
571,278
1,796,841
Charitable a¢livities
Other expendI￿re
1,694,232
13,420
519,528
2.213.760
13,420
li
Totsl expendlture
1,707.652
519.528
2.227,180
Net iDcomel(¢xpeDditllr¢) and movem¢llt in fi￿d&
1482,089)
51,750
1430,339)
Reconelllatlon of funds:
Fund balatjces at l O¢t(ther 2021
5.313,382
510,382
21006
5,845,770
Fund bAIAllees at 30 Septtmbtr 2022
4.831293
510.382
73.756
5,415,431
pagt 10

THE LONDON IRISH CENTRE
BALANCE SHEET
ASAf30 SEPTEMBER 2023
21123
2022
Notes
Flxed A$$et$
Tangible assets
Jnvestmellt property
13
14
4,778,056
263,000
4,909,455
263,000
5,041,056
5.172,455
Curr¢nt a&s¢t
Stocks
D¢btors
Casli at bank and in hand
15
16
18,156
190,707
1.522,818
134.354
1,602,321
1,731,681
1,736,675
Creditor$: ajnounty falling due witbill olle
year
17
1,416,195
1.493.699
Net CU￿ent assets
315,486
242.976
Total assets less c￿rr•￿t li9billtles
5,356,542
5.415.431
Tli¢ funds of the Charlty
Restricted li￿O￿e fiJnd5
Unrestricted fvnds- 8¢neral
UDrestr&cted fvnds- Designated
19
23,944
4,95 1,134
381.464
73,756
4,831,293
SIOJ82
20
5,356,542
5,415,431
The Company 1$ entitled to the exemptioii fron) Ilie aiidil requii'ement ¢oiitain¢d in s¢¢tion 477 of th¢ compani￿ Act 2006. for
the ye2r endcd 30 September 2023, altliaugh an audit has beeji carried out under sectiofftj 144 of the ChaTitiesAci 2011.
The direGtoi% acknowledge tlieir responsibilitÉes for Complying with the requitemcnts of the Cotnpanies Act 2006 with respect
to accolinti￿g records and the preparatioD of financial statements.
Th¢ m¢mbers have not required the compaJ]y to obtain audit of tts financial statemeiits under the r¢quÈr¢m¢nts of the
Comp￿lI¢S Act 2006, for tIK year in qu£5tion in accorda￿¢£ with 5CCtioJi 476.
These fin3iicial ststeinents have b¢en pr¢paTed 111 a¢¢oTdan¢¢ with th¢ provisioiis appli¢able to companies S4Tbj¢ct to the 5rllall
compallies regime.
ncial
2510612024
ments We￿ approved by tlic Trust￿ ort .........................
MB Ros&i
Trusttt
lair CBB (ChgirpersoTh)
Mr Patrick Doherty
Trustee
Company registration number 8221421 lE￿BIalld and Wales)
page 11

THE LONDON IRISH CEIYTRE
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
21123
2022
Notes
C8$h flow8 fiom operAtillg Aetlvltles
Cash absorbed by operations
23
(181.3151
(171,637)
Investlng actlvities
Purchase of tangible fixed assets
Investment iftcomc re¢eived
(32.122)
133,934
{16,423)
152,710
Net t￿b gtnergted from Étkvesting activities
101,812
136,287
r4et (￿h used IA #ctlvltles
Ntt detrease Ill tasli tAsh equivaleiits
(79,5031
{35,350)
Cash aiid cash equivalents at beginning of year
1,602.321
1,637,671
Cash tosh equlvalents 8t eDd of year
1,522,818
1.602.321
page 12

THE LONDON llUSH CENTRE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YE4R EIVDED 30 SEPTEMBER 2023
Aceou]Lting poIlel¢s
ChAI.lty lllformatÉo
The London Irish C¢ntre is a prÉvats Company limited by Euardntee incorporated in England and Wales. Th¢ r¢gi$t¢red
oifict is 50- 52 Camd¢n Square, Londoll, NWI 9XB.
1.1 Ateomlltiiig Co￿VentIon
The fjttattcial s¢at¢ments have been prepared in ac¢ordan¢e with the Charity's n1￿￿Oi￿nd￿m aiid articles of association,
the Companies Act 2006. FRS 102 "The FinancÉal Reporting Statjdard applirable in the UK arnd ti¢public of IIElalld"
{"FRS 102") and the Charities SORP "AccouThtit)g and Reportittg by Charitics.. Ststemcnt of Rccojnmcllded Practicr
applicable to ¢h4riti¢s preparing their accounts in a￿oi￿an¢¢ with the Finan¢i&l Reporlllig Standard applicabl¢ in th¢ UK
and Republi¢ of Ireland (FRS 11)21" (¢ffcctive l Jat)uary 2019). The ChaTLIy 15 a Public Benefit Entity as defined by FRS
102.
Th¢ fjllancial statejnellts are prepared in sterlin& whi¢h is the functional curreD¢y of th¢ Charity. Mon¢tary aTnounts in
these f￿ancIal statements ar¢ roiinded to th¢ n¢ar¢st £.
The fiJ]ancial 8takm¢Thts have been prepared uThd¢r the lustorirAI cost conv¢ntion, modified to Include inY¢stm¢n¢
properties at foir value. The prijjrtpal aGcoiEnting policie5 adopted 3et out below.
12 Goillg ¢oneerll
At thc tiinc of approving the finanrial statements, the Trustees hay¢ a reasonable expectation thal the Charity has
deqliate iesour¢es fo wtttinue in operational existenec for ￿le foYcscc&bl¢ future. Thus the'l-rustees continue to adopt th¢
goii)g ¢oii¢ern bwis of a¢¢ounting in preparing the fitaancial statejnejits.
1.3 Charitable funds
G¢neral futlds aTC unrestrÈcted funds and are available for use at the digcretEon of th¢ Tru5t¢es in furth¢ran¢¢ of the
get*rol objectives of the charlty and whi¢h have not beeli designated for otheT purposes.
ReytrA¢ted Funds are accounted for iii accordance willi the partt¢ulat temis of trth%t aTisill8 from the ¢xpr¢ss or implied
wishes of donojs in so far as these are intended to be binding oil the ¢harity. Restricted fvnds are Jnainly llsed for the
wages and s8laries of project worker5 attd th¢ proj¢¢t ru1mli￿ costs.
1.4 Income
V*Jluntèry income or Capital i$ included iti the Statement of Financial A¢tiviti¢s when the company is leg&lly entitled to it,
ils fJThan¢ial value Can be q1￿￿11￿cd with reasonablc cthainty And tbeiE is re*sotsabl¢ certainty of it5 Ultin￿te receipt.
Entitl¢mellt to l¢ga¢i¢s is cO￿ldered ¢stabli5hed when the company ha$ been notified of a distribution to be mad¢ by the
exerutDrs. Ittcome rerrivEd ill advRllC¢ of due ￿[fOrManCe under a ¢ot)tra¢t is a¢coullted for as deferred Encojne until
eariied. Gi?nfs for a¢tiviti¢s are recognised as income Wh￿ the related conditiotI5 for Itgal entillement have been met.
All other ith¢om¢ is ac¢ount¢d for ott an aGG¢ua15 basis.
page 13

THE LONDON IRISH CENTRE
NOTES TO THE FINANCIAL STATEMKNfs (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Aecountlllg poilele$
(Continued)
Jncome from thAritiblt activities
Incoine from charitable acttvitie5 includ¢ inGom¢ Eamed from tlie supply of servic¢5 uiider contractual arrattg¢tE]e￿ts and
from perfonnance irlated 8rant5 which have eotiditioffts that specify the provision of paiticulat services to b¢ proyided by
the cojnpany. lllcome from governnient and other co-fundeis is r¢cognis¢d wh¢n the wmpany is le￿IlY elltitled io the
in¢on)¢ be¢&use it is fulfilling the condition5 CDlltain¢d in th¢ r6lal¥d fiinding dgreemetits. Where a grant is received i
advance, its recogtkstion is deferred atld inGlud¢d iti ¢reditors. W￿¢re entitl¢ment o¢¢urs before income is received, it is
a￿r￿ed in debtors.
Grants from govErnnicllt5 and otlier co.fu1￿crS typically include oli¢ of th¢ following type3 of cortditions..
- Performance ba5¢d eoTkditiOL)$'. whereby the ¢ompaThy is contractually entitl¢d to thE￿ill8 only to t[￿ extent that thE Core
objectives of tjie grant agreement aT¢ achieved. Wh¢re tht company is mcctijig thc corc objcctives of a grant agreement.
it reco8nises the related expe￿dIttlr¢. to the extent that it is reimbursable by ihe dollor, as income.
-Time based conditions.. wheteby the Company is ¢ontrActually ¢ntitled to fi￿dIng on the coThdition that it is iitilised in a
particiilar period. In these the compally r¢cognises th¢ inwme to the ¢xt¢Tht it is Litiiised within the period 5pecifi¢d
ill the agreement.
In the absence of siich conditions, as￿miThg that r¢¢eipt is probabl¢ and lh¢ amourtt can be reliably measured grant
i￿CoMe is recogtsised once the company is nolified of ¢ntitlement.
Grants received tnwards capital ¢xpenditur¢ or¢ ¢r¢dited to tIK Statement of Firtittcxal Activities when re¢eived or
receivable. wliicliever is earlier.
1.5 Expenditure
.xpenditiire is recognised once tliere ts a legal or constructive obligation to trattsfer ecLinoniic benefit to a third party, it is
probable that a transfer of economic benefits will be required in settlement, and the gmount of th¢ obligation ¢an be
mrasured reliably.
Expenditur¢ is classified by activity. The cost5 of each activity are madc up of th¢ total (>f dirttt cost8 and sharcd costs,
including %upport cost.% involved in undcrlaking cach activity. Direct costs attributable to a sEngle activity are allocated
directly to that a¢tÈvity. Shared costs wliich coiitribute to more than OIK activity and support costs ivhi¢h 8r¢ not
attributabl¢ to a single adtvity ar¢ apportioned between those activitie5 on a ba515 C0115iSt¢ttt witl) the use of resources.
C¢titTal slaif¢05ts we allocated on the basis of time spenL and depreciation Charges are Allo¢&ted on th¢ poi%EoJTr of the
assct's use.
1.6 Tallgible fixed asstts
Tan¥ible fixed assets are sLiÉed al cost or at valiiation, less ac¢umiil&ted depreciation. Th¢ charge to depreciation is
calciilated to write off the original cost or valuation of tangible fLxed a5s¢ts, less their ￿tImat¢d r¢sidual v4Sue. over t[￿ir
¢xp¢¢t¢d useful liv¢s as follows..
Freehold land and buildings
Leasehold land alld building5
Plallt and equipment
Fixbjres aDd fittings
2Yo Straight linc
2YTr Straight lin¢
150/0 Straight line
15Q/o Straight line
The gain or loss ai'ising on the disposal of all asset is determined as the dIffe￿nCe b¢twe¢n the sale proceeds aThd the
carrying value of the asset, and is recognised in the statement of fLnanGial activities.
page 14

THE LOIWON IRISH CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Aecowitillg policies
{Colltillued)
1.7 Investment prop¢rty
lllvesfment propeity pi'op¢ty h¢ld eitli¢r to earn rental incoEne, or for capitd &ppre¢iation {incliiding fvtiire r
dcvelopnient) or for both, but iiot for sale in Éh¢ ordinary course of bLlSln¢SS. Iiivesthi¢nt property is iiiitially iiieg5È1Ted at
05¢ which illcludes the purcEwe cost and any d1￿CtlY attributable ￿pendi￿)re.
Investmettt property IS 5ub5eque]Itty v&lued at its fatr value at eath r¢portiDg date, by prof¢ssional ¢xternal valu¢rs. The
diff6rencc between the fair value of an investment piDperty at t￿e reporting date and its canying value prior to the
vlluatiort is recogllised in the St4t¢m¢nt of Financial A¢tiviti￿ as a fair value gaiii or loss. Any gain or loss on disposal of
tk investment property (calculated as the differenw b¢tWEen the Aet proceeds from disposal and th¢ ￿rry1Thg amount of
the iletnl i5 recogni5ed in the Staten)ent of Fiiian¢ial A¢tivities.
1.8 Impalrment of rued assets
An impairment loss occurs when tlie carrying amount of an asset exceeds its recoverable amoullt. At year end, the
trultces assess whether tli¢re is any indication tI￿t aji asset is impaire(1. If there is no lildi￿tion of impairment, tknen the
truste¢s do not estimate the recoverable amouJ]t. If there is an indication of ijnpaimi¢nt, then tJi¢ trustee5 will estiniate the
IE¢ov¢rabl¢ amount. An impairinent Ios5 will be recognised if, and only if, tlie recovetablt amount of the assct is less
tljan ihe carrying amouiit. Tli¢ recoverable &tnoullt of asset is the liigher of its fair value le55 C051s to scll the asset ai
its valu¢ in use.
1.9 Stocks
Stocks are stated at the lower of cost estimated Selling price less costs to complete ond s¢ll. Cos¢ c￿nprISeS direct
materia15 ftnd, where applicable, direct labour costs and those overheads that have be¢Ji inCu￿ed in brittgiTr¥ Ihe stlKks to
their present location and coridilion. It¢ins h¢ld for distribiitioii at no or notllinal COllSideration are Mea￿lIed the lower of
replacement cost aiid cost.
realisable value the estimated Selling pri¢¢ l¢ss all estimatsd costs of completioll and costs to be incurred in
market]J￿, selling and di5tribiition.
1.10 C2sh gnd e4sh equivAlent5
Cash and Casli Equivalents comprise c&8h 8t bank aÈJd itb hand, demand deposits with banks and other 3hort-t¢rm highly
liquid inve51ments with original maturities of. thiee months or less and bank overdrafts. In the statement of finaTr¢ial
P05ltion, bank overdrafts air shown wi¢liin ¢rditors
1.11 Instrum¢nts
Th¢ Charity ha5 elected to apply th¢ pivvisioiis of 8e¢tioll 11 'Basic FillaDcial Instruments, and Se¢tioll 12 '0th¢r
Financial InstniM￿lts Issues, of FRS 102 to ail of its fin&n¢ial Instruments.
Financial iijstruments are recO￿lised (he Charity's balance shtet wbell the Charity be¢omes party to the ctsntr&ctual
provisio]￿ of the instrument.
FiDzncial assets &nd liabilities are offset, with the net amounts presented in the fJnaii¢ial Statem￿lts, when th¢re is
legally ￿)forceable right to set off the reco8ni$ed amounts and there is an intention to settle OJJ a ijet basis or tl) realise tlke
asset and settle the liability simult&iieoiisly.
Busl¢flnN*clul ussefs
Basic fJnancEal assets, which iiiclude debtors and cash Jnd bank balance5, 8Te initially measDr¢d at trans&¢tion price
in¢ludii)g transaclioii costs and are subsequejitly ¢arri¢d at aihortised e05t using the effective interest method utJ1¢55 the
attaiig¢m¢nt con5titstes a finan¢ing transa¢lioii, wliere the trathsaGtIOh is m¢&sured at the present valu¢ of the future
receipts discounted at 8 market rate of iiiteresl. Financial assets Classified as rectivable within on¢ y¢ar Ire not #mortised.
page 15

THE LOM)ON IRISH CENfRE
NOTES TO THE FINANCIAL STATEMEIYTS (CONTINUED)
FOR THE YEAR ENDED 30SEPTEMBER 2023
Accounting policies
Icontilllled)
BuslefiiioKel(tl Ilrfblltiies
B8si¢ financial li&bilities, includlttg ¢reditors are iiiilÈally recognised &t transaclaoTh pricE unless the arrangemertt
¢onstiÉules a fillaiicing trallsaction. wh6re th¢ debt instrument is i￿¢aSured al the pre5ellt value of th¢ fvture paynictjts
dis¢ount¢d at a market rale of interest. TriiiallGial liabilities classificd as payablc within one year are not amoylised.
Debt instriiments are silb5￿UcrnlIy carried at amortised cost, using th¢ ¢ffe¢tiv¢ interest rate methtyj.
Trade creditors are obligation5 to pay for goods or services that have been acq￿￿ed iu the ordillary Gourse of operations
from suppliers. Amouiits p&yable are classified as ¢urrent liahilÉtics if payment is due wit1￿[￿ ont year or less. Ifiiot, they
are prescntcd as Jjon-current liabilities. Trade Creditors ore wognised iiiitiaily at transaction pri¢e and siibs¢qii¢Thtly
measured at amorlised cost the Cfftcti￿ interest method.
Dereeognllloii offlKftiielal Ilnbllllles
Financial liabilities are derecognised when t]ic Charity's ¢ontrA¢thal obligations ¢xpire or are disdthrged or cancelled.
1.12 TRXlition
No cutrcllt or deferred taxation arAses as the company has been granted ¢haritabl¢ ¢x¢mplion. IriEoov¢rable vllued added
tax 15 expens¢d as incurred.
Th¢ charity is exempt from taxation und¢r S505 Income Coryoration Taxes A¢t 1988.
1.13 Fmployee benefits
The costof unused holiday eJtitlemen¢ 1$ re¢ognised in the period in which the einployee's servi¢¢5 are RCel￿d.
Tcrnjinatton bellefits are re¢ognised ijnmediately as an expense when thr Ch￿lty is d¢monstrably Committed to terthinate
the elliploymcnt of an employee or to provide termination benefits.
1.14 RetlrethÈttl beoellls
Payjnellls to defined contributiott retirement benefit s¢hem¢s are char8ed as an expettse as they fall due.
I.IS Forelgn exrhange
The LIC functional ￿7rrencY i5 Pound Sterling. Any in¢om¢ and ¢xpeiiditure occitr in foreign ¢vrrency (Euro) arc
anslated into the charity's fimctÈOllal ￿1rTe￿GY {GBP).
1.16 Gr&nts reteiv#ble
Whcre capital grants ai'¢ Te¢¢ived, they are a￿ortIsEd over th¢ life of the asset and iii liTre with the depr¢ciatiom policy of
tbe r1&5s of weL
Crltlcgl gecoiLDtlng utiTnate$ #lld Judg¢meJts
IA the application of the Charity's accounting policies. the Trustees are iEquired to ]nake jiidgen]ents, ¢5timat¢$ and
a5sumptioiis obout th¢ carryillg a￿oU]It of a5sEts and Itabililies that arc iiot ret￿ilY apparent frotll other soiirces. Th¢
estimat¢s atkd asso¢Éated assiimptions are based on historical experience atid otlier factors that are ¢onsider¢d to be
relcvallt. Acttial results may dÉffer from these estimates.
The estimates ot]d underlyÈThg a55llnlPtions arc r6viewed oi) an 0]￿01n8 basis. Revisions to accounting e5tim&te&
rccognised tli¢ period in which tlie estin￿te is revis¢d wher¢ tlie revisiot] affects only that period, or in the period of
the revisioij and fut￿re periods wherc the revision affects both ¢iirrei)l and future perlixls.
The key ACCQiltiting estimat¢s and jUdgeme￿t$ are..
Estimation of niark¢t value of investtllellt properties al th¢ fjnathcial year end.
page L6

THE LONDON lllISH CENTR
NOTES TO THE FINANCIAL STATEMENTS (COIYTINUED)
FOR THE YE4R ENDED 30 SEPTEMBER 2023
Doll#titslls leycle5
Unrtstrltled UnrE5triGtEd
fumds
funds
general
general
2022
Restricted
funds
Total
21123
2022
2022
Donations ond legacies
135249
56,500
52,000
108,500
Income from
¢harlt4ble aetlvltiej
Provlsloll of Provislon ¢bf
Collthiunity
arts
5ervAces
eultHYAI
events
Total Pn)vt5ion of Provlsioll of
cvmmunlty
Arts gnd
sei'yites
Total
evellts
2023
2023
2023
2022
2022
2022
Grallls and Donations
Fundraisin8 activiti¢s
Commcrcial activiti¢s
Other ineome
1,292,933
25,628
18,028
498,070
446,697
166.858
IJIO.961
523,698
446.697
244.629
842,432
842,432
345,012
2T2,261
74,576
345,012
272,261
77,771
74.576
1,396J32
1,129,653
1525,985
917.008
617,273
1,534,281
ADaly5is by fund
UnT¢slriLled fund5- geneTal
Restricted futtds
793,810
602.522
1.129.653
1,923,463
602,522
397,730
519,278
617273
1,015,(Kb3
519,278
1,396,332
1,129,653
2,525,985
917,008
617,273
1.534.281
Ineome from lllvestments
Unr¢$trleted Uttre5tritted
funds
funds
2023
21122
Rental iticom¢
133.934
152,710
pag¢ 17

THE LONDON IRISH CENTRE
NOTES TO THE FINANCIAL STATEMENTS (coiYfiNUED)
FOR TIIE YEAR ENDED 30 SEPTEMBER 2023
other llltowe
Unrestriettd Unrestricted
funds
Dds
2023
2022
Shop s&l¢s
26
1,350
Expelldlture o]k ¢bArltsbl¢ actlvltles
Provision of Provi5ioN of
COM￿l￿nIty
Art5 RDd
servites
eultural
events
Total
Provislon of Proylsion of
toanmuDity
rts
$¢rvl¢¢$
¢ultural
evellls
Tot91
21123
2023
2023
2022
21122
2022
Dhrect costs
staff costs
uth¢F Stffic05t5
Ctynmuttity develupmellt
c￿lL￿re
I,-Iindraisillg
Bar/V¢nu¢
Other Costs
901,550
314,291
115,003
436,392
1,337,942
314,291
115,003
170,416
127,445
313,373
245
604,970
183,710
77,439
512,460
1,117.430
183.710
77,439
161,046
51,735
210.703
140
170,416
127,445
313,373
161,046
51,735
210,703
245
140
1,331,089
1.047,626
2,378.715
866.259
935,944
1,802203
Share of support and goY¢rnan¢e ¢o$t8 ($e¢ not¢ 8)
Siipport
294,096
163,473
Governance
17,754
457,569
17.754
268.331
43,657
99,569
367.900
43,657
.642,939
1211,099
2,854,038
1,178,247
1,035,513
2,213,760
Analysis by fund
Unrestricted funds- general
Unre%tricled funds-
Designated
Restricted funds
883,992
1,188,794
2,072,786
713205
981,027
1,694,232
128,918
630,029
128,918
652,334
22.305
465.(M2
54.486
519,528
1,642,939
1.211,099
2.854.038
1.178.247
k.035.513
2.213,760
p￿e 18

THE LOIYDON IRISH CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Support Costs AUo¢#td to Aetlvffitles
2023
2022
DepreciatioD
Lunch Club Expenses
Repairs & Maint¢nanc¢
Festivals & Ciilture programthe
It)suran¢¢
G¢n¢i'al Offi¢¢
Govcrnancc cost5
163.521
18,428
103,358
10.737
33,863
127,662
17.754
143.785
9,756
71,895
9,575
24,354
108,335
43,657
475,323
411,557
Analysed between..
Provision of ¢omn)unity services
Provi$iDn of arts and cultiiral events
311,850
163,473
311,988
99,569
475,323
411,557
2023
2022
Governatsee eost$ compri$¢:
Audit fees
AccO￿li1a￿¢Y
Legal and professional
15,431
l4,740
761
28,156
2,323
17,754
43,657
Governance costs i￿cludeS payments to the auditors of£15,431 (2022- £14.470) for aiidit fc¢5.
Trustees
None of the Trust￿5 {or PEfsDnS ¢onn¢rl¢d with thttn) TerEiVEd any r¢mun¢ration L)r bEn¢fi15 from tke Charity
duringtlie y¢ar.
10 Employ¢¢$
Th6 average mollthiy number of ¢mploy¢¢s during th¢ year was-
2023
Nuthber
2022
Number
Fiill-tim¢ staff
Part-time staff
27
io
24
Total
37
32
p#gE 19

THE LONDON IRISH CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
10 Employee$
(CoRtlllued)
Employrnent cost5
2023
2022
Wages and salaries
Socizl 8ecurity cost5
other pension ¢osts
1,173,895
131,765
32282
1,1)05,500
97,083
14.847
1,337,942
1.117,430
Key Management Per50nllel
Tlie truste¢s Coi￿lder 5 m¢mbei's of staff to be key management persollnel. The total employment b¢n¢fits of key
management personllel for 2023 was £200,317 (2022 9 msEnbeis of staff considered to be tnaDagement personnel
nd were paid £254,020).
Tlie A]umber of employees whose annual remunerati(m was more ihan £60,000 is as
follow5..
2023
Numb¢r
2022
Number
li
Othei. r05ts
Unre8trlcted Unr¢strÉrt¢d
fund5
funds
gelltr#l
general
2023
2022
Shops Cos15
Dcvtlopn)ent ploject
45
436
12,984
13,420
45
12
Thxatloll
The ¢h&rity is ex¢rnpt from taxation on Its actlvities because all its income is applied for charitable purposes.
pag¢ 20

THE LONDON IRISH CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE Y&IR ENDED 30 SEPTEMBER 2023
13 TAngibl¢ fixed 8ss¢t$
Freehold IkRsehold la]td
gDd bulldlng8 ajbd buildings
PRHDI
equipment
Flx¢ure5 and
rittlllg5
Tol41
Co$t
At l Octob¢r2022
Additions
5,569.742
594,079
218,913
17,121
6,382,734
32,122
15.001
At 30 septemb￿ 2023
5.569.742
594,079
15.001
236,024
6,414,856
Depreciation imp&it￿ent
At l October 2022
Depr¢(i￿tiOll charged in tILe yeai
1,112,430
102.818
181,838
11,882
179,011
41.320
1,473,279
163,521
7,501
At 30 September 2023
1,215248
193.720
7,501
220,331
1,636,800
Carrylng amount
At 30 S¢pt¢mb¢r 2023
4,354,494
400,359
7,500
15,703
4,778,056
At 30 September 2022
4.457,312
412,241
39,902
4,YOI),455
14
Iiivestment property
2023
F81rvRlue
At l October 2022 and 30 S¢pt¢mb¢r 2023
263,000
Invc5tm¢nt propcrti¢s r¢nt¢d to ¢xt¢rnal partie5 have been accounted for 41 fair Y41u¢ based on an estimate by tILe
trustees.
15 Stoeks
2023
2022
Finished goods and goods for resale
18,156
16 Debtors
2023
2022
Amoullts f#ll&llg due Ivlthln one yeir:
other debtors
Prepayin¢rnt$ and a¢¢rued income
134,643
56,064
107,262
27,092
190,707
134,354
pag¢ 21

THE LONDON IRISH CENTRE
NOTES TO THE FINANCIAL STATEMKNfs (CONTINUED)
FOR THE YEAR E]VDED 30 SEPTEMBER 2023
17 Creditors.. 4moullts fMIUng due wlthltt one year
2023
2022
Note$
Othei taxation and social security
Deferird capital grants
Trade Greditoi
Othtr treditors
Acctuals and deferred incolne
139,545
34,478
251,874
101,206
23,044
1,083,097
18
91,525
23,402
1.161.723
1,416,195
1,493,699
18 Deferred illcojlle
2023
2022
Othet deferred Income
251,874
Deferred ￿come is incli￿ed in ¢h¢ fman¢i81 stat¢m¢i)ts as follows..
2023
2022
DefrrKed income is Ettcluded withln-.
Curiellt liabilities
251,874
Movcmeftts in thcy¢ar'.
Deferred income at l October 2022
Released from pmiou$ period5
251,874
125 1,874)
257,732
{5,8581
Deferred income at 30 Septeniber 2023
251,874
19
Restrltted funds
Thr restrirtEd fiiods of the Gharity rompri5e the unexpeiided bal&￿C¢S of donatiOJLS and 8rallts beld on tn]st siibj¢¢t to
spe¢ifi¢ conditions by donors as to how they may bc used.
Movement in Ibnds
ID¢omiiig
Resol￿￿5
èxpeDded k Oclober2022
Mtsvement Ill [￿￿d.8
R¢$owru*
BalallrE at
eipettd¢d 30Sepkmbrr
B&lAncc at
l Oetober 2021
resoiiyc
2023
LICC Grant
Funditjg
22.006
571,278
(519,5281
73,756
602,522
(652,334)
23.944
R¢stricted fiind$ are made up of money from th¢ government of Ireland . Emigrant Support Ptograinme. The funds are
iestricted for the following pmjects.. l) Advict Seryice. 2) Commuiiity Health NavigatQT- 3) Core at)d Holistic
Or8alliS&tion stsffing and Overheads- 4) Integrated Su￿]v0rs Suppoit Project: 51 Irish Culture. Digital Coi)nection &
H¢rit)8e' 6) W¢llbeiii& and Elders P¢rson$ Servi¢e.
page 22

THE LONDON IRISH CEINTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
19 Restrieted funds
(ContiDued)
20 Unie5¢1'i¢ted funds- Designated
T￿e in¢om¢ funds of th¢ ¢I￿rIty iTh¢lud¢ th¢ following d¢signat¢d fvnds wliich h&v6 be¢Th 5¢t asid¢ tsut of unrestricled
funds by tli¢ trustccs for sp¢cifi¢ purpos¢s'.
Bx]ancc Rt
l October2022
Balxnceat
expelliled 30 September
2023
R¢-d￿elOpM¢Trt piDjecl
SLO.382
(128,918)
381,464
The re-development project fvnd represent fimds held earniarked for the developmerttof the centr¢.
21 All8ly5is of net 4ssets behyeell fund5
UDre5tricted Unrestrlcted
fiinds
fullds
gen¢Y#l
Deslgniteil
2023
2023
R¢strkted
fuDds
Tot41
2023
2023
Fund b4lan¢es 4t 30 September 2023 are represented by:
Tangible asscts
4.396,592
Investment properti¢s
263,000
Curr¢nt 8ssetsl(liabiliti¢s)
291,542
381.464
4.778,056
263,￿0
315,486
23,944
4,951,134
381,464
23.944
5,356,542
Unrestrlcted Ullreslrieted
fMnd$
nds
gen¢i'al
D¢slgrÈated
2022
2022
Restrieted
ttds
Totgl
2022
2022
Futhd b*lanees at 30 SeptembeY2022 ay¢ repv¢sented by:
Taiigibl¢ assets
4,39),073
Investment properties
263,1>00
Current a8selsl{liabilitiesl
169,220
510,382
4,gX>9,455
263,000
242,976
73.756
4,831,293
510,382
73.750
5,415,431
22 Reigted party trall5action5
There were no disclosablc Klated party trai￿actIOnS duri￿￿ th¢ year {2022- no1￿).
page 23

THE,LoNDON IRISH CENTR
NOTES TO THE FINANCIAL STATEMEiYfs (CONTINUED)
FOR THE YE4R ENDED 30 SEPTEMBER 2023
Cash generated from op¢i'#tloDs
2023
2022
Deficit for the yeay
{58,889)
(430,339)
Adjusttnents for..
lllvestment income rewgnised statement of financial &ctiviti¢s
Depreciatitsn and impaimi¢nt tsf taTrgible fjxed a85els
{133,934)
163,521
(152.710)
143,785
m0￿ments in working ¢apital..
Ilttcrease} in stocks
(In¢reaseyde¢rease in dEbtors
In¢r¢as¢ in creditors
{Decrcase) in dcfctTed incoin¢
(18,156)
(56,353)
174,370
(251,874)
19,254
254,231
15,8581
Cash absorbed by operatl0115
(181,315)
1171,6371
24 Analy515 of changes kn net funds
The Cliarity had iio material debt duri118 tlie year.
page 24