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Charity registration number 1152749
Company reglstratlon numb&r 08574708 IEngland and Wales)
THE MCGINLEY FOUNDATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

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THE MCGINLEY FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
P McGinley
D Ross
E Walsh
Se¢rgtsry
E Walsh
Charlty number
1152749
Company number
08574708
Registered office
Fifth Floor
Clareville House
26-27 Oxendon Street
Sl James's
London
SW1Y 4EL
Independent examiner
Kapil Davda
Haines Watts High Wcombe Limited
Oakingham House, Frederick Place
High Wcombe
Buckinghamshire
HP11 1JU

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THE MCGINLEY FOUNDATION
CONTENTS
Page
Trustees, report
Stslemenl of trustees. responsibilities
Independent examinerfs report
Statement of financial activities
Balance sheet
Notes lo the financial statements
7-12

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THE MCGINLEY FOUNDATION
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 30 JUNE 2023
The trustees present their annual report and financial statements for the year ended 30 June 2023.
The financial slalements have been prepared in accordance with the accounting policies sel out in note 1 to the
financial statements and comply with the charity's memorandum and articles of association, the Companies Act
2006 and Accounting and Reporting by Charities". Statement ol Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republie
of Ireland IFRS 1021 leffective 1 January 20191.
Objectives and activities
The charity's objects are to ftjrther such charitable purpose or purposes as the trustees in their absolute
discretion think fit. The trustees have paid due regard lo guidance issued by the Charity Commission in deciding
what activities the charity should undertake.
A¢hlevfymgnts and pgrfomian¢e
In planning the activities for the year, the Iruslees ensured that the guidance as issued by the Charity
Commission was adhered to. The charty received donations which were derived from charitable events held
throughout the year.
Financial review
Trustee of the charity. Paul McGinley, hosted the Irish Legends in August 2022, a professional golf toumamenl
on the European Tour held in Ireland. which raised funds for The McGinley Foundation.
The Irish Legends Open look place at Rosapenna in Ireland from the 16th to 20th of August 2022 and monies
were raised from donations in return for pro-am and hospitality lickels from donors amounting to £82,812.
Other donations recorded during the year in the Slalement of Financi81 Activities amounts to £83,608 12022".
£3,500).
The ac¢umulaled surplus generated from all events and donations were to be used lo fund registered Charities
such as The Hummingbird Initiative, a not-for-profit initiative diredy helping to advan￿ the standard of living for
rural communities in developing countries and donations to support those affected by Creeslough explosion. in
the village of Creeslough in Co Donegal.
At 30 June 2023, there is a balance of £39,557 12022.. £97,633) of unrestricted funds held by the charty to
enable the Iruslees to assess the merits of a variety of worthy causes lo be selected for consideration. There
were no deficit funds on the balance sheet al 30 June 2023.
11 is the policy of the charity that unrestricted funds which have not been designated for 8 specific use, and
reserves, should be maintsined al a level equivalent to between al least three and six months, expenditure. The
trustees consider that reserves al this level will ensure that, in the event of a significant drop in funding, they will
be able lo continue the charty's current activities while consideration is given to ways in which additional ftjnds
may be raised. This level of reserves has been maintained throughout the year. This leave of reserves has been
maintained throughout the year, with the end-end balance of the reserves being £39,55712022.' £97,633).
Rlsks
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in
place to mitigate exposure to any major risks. As a small charity, they do not consider that the charity is exposed
to any significant risks.

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THE MCGINLEY FOUNDATION
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
structure. governance and management
The Charity is a company limited by guarantee. The governing documents of the charity are the memorandum
and articles of association.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up
to the date of signature of the financial statements were..
P McGinley
D Ross
E Walsh
No external bodies are entitled to appoint Iruslees in the ¢harily. Given the relatively small structure, the ¢urrenl
trustees r￿rUit and appoint new Iruslees as they consider il necessary.
None of the Iruslees has any beneficial interest in the company. All of the Iruslees are members of the company
and guarantee lo contribute £1 in the event of a winding up.
In the preparation of the year-end financial slalements, the trustees have considered whether the charity is a
going concern for the foreseeable future, and, hence, whether it is appropriate to prepare the financial
statements on a going concern basis. The period they have considered is at least twelve months from the date of
approval of the financial statements. On the basis of their review, the trustees consider the charity a going
concern.
The trustees are the only key management personnel, none of whom receive remunerab'on for services provided.
As a ¢harily, The M¢Ginley Foundation musl be able lo demonslrale that ils objects and activities are for the
public benefit as required by the Charities Act 2011. The trustees have all reviewed the guidance issued by the
Charity Commission on public benefit and have ensured that the charity's objects and activities comply with this
statutory requirement. The trustees confimi they have complied with the duty in section 17 of the Charities Act
2011 to have due regard to the public benefit guidance published by the Charity Commission in detemiining the
activities undertaken by the charty.
The Iruslees, report was approved by the Board of Trustees.
D￿u$￿nedtsy'.
ss
D Ross
Trustee
Dated..
26 March 2024

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THE MCGINLEY FOUNDATION
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 30 JUNE 2023
The trustees, who are also the directors of The McGinley Foundation for the purpose of company law, are
responsible for preparing the Trustees, Report and the financial slalements In accordance with applicable law and
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel.
Company law requires the trustees lo prepare financial statements for each financial year which give a true and fair
view of the stsle of affairs of the Charity and of the in¢oming resources and application of resour￿$, induding the
income and expenditure, of the charitable ¢ompany for that year.
In preparing these financial statements, the trustees are required to..
select suitable accounting policies and then apply them consistently",
observe the methods and principles in the Charities SORP",
make judgements and eslimales that are reasonable and prudent.,
state whether applicable UK Accounting Standards have been followed, subject to any material departures
disdosed and explained in the financial statements,. and
prepare the financial slalements on the going concern basis unless il is inappropriate lo presume that the charity
will continue in operation.
The trustees are responsible for keeping adequate accounting records that disdose with reasonable accuracy al
any lime the financial position of the charity and enable them lo ensure that the fi'nancial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.

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THE MCGINLEY FOUNDATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE MCGINLEY FOUNDATION
I report on the financial statements of the charity for the year ended 30 June 2023, which are set out on pages 5
to 12.
Respective responsibilities of trustees and examiner
The trustees Iwho are also the directors of the company for the purposes of company lawl are responsible for the
preparation of the accounts in accordance with the requirements of the Companies Act 2006 1.the 2006 Act.).
The trustees are satisfied that an audit is not required for this year under section 144121 of the Charilies Act 2011
(the 2011 Act) and have chosen instead to have an independent examination.
Having satisfied myself that the a¢¢ounl$ of the charitable company are not required to be audited under Part 16
of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the
charitable company's accounts as carried out under section 145 of the 2011 Act. In carrying out my examination I
have followed the requirements of the applicable Directions given by the Charity Commission under section
14515llbl of the 2011 Act.
Independent examinerfs statement
I havè completed my examination. I confimi that no matters have come lo my attention giving me cause to
believe that in any material respect..
a￿OUntIng records were not kept in respect of the Company as required by section 386 of the 2006 Act.,
or
the accounts do not accord with those records., or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than
any requirement that the accounts give a 'true and fair view which is not a matter considered as part of
an independent examination", or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities applicable lo charities preparing their
accounts in accordan￿ with the Financial Reporting Standard 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 examination to which attention
should be drawn in this report in order lo enable a proper understanding of the accounts to be reached.
Signed".
Dated.
2610312024
apil Davda
Haines Watts High Wcombe Limited
Oakingham House, Frederick Place
High Wcombe
Buckinghamshire
HP111JU

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THE MCGINLEY FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2023
Unrestricted Unrestricted
fund$
funds
2023
2022
Notes
Income from:
Donations and legacies
Other trading activities
63,608
82.812
3,500
98,232
Total income
146,420
101,732
Ex
enditure on:
Raising funds
162.697
87,608
Charitable activities
40,586
32,082
Total expendlture
203.283
119,690
Net expenditure for the yearl
Net outgoing resources
156,863}
117,9581
other recognised gains and losses
Other gains or losses
10
11.213}
11,7341
Net movement in funds
158,076}
119,6921
Fund balances al 1 July 2022
97,633
117,325
Fund balances at 30 June 2023
39,557
97,633
The statement of financial activities indudes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account
under the Companies Act 2006.

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THE MCGINLEY FOUNDATION
BALANCE SHEET
ASAT30JUNE 2023
2023
2022
Notes
Current assets
Debtors
Cash at bank and in hand
11
7,883
40,574
119,428
64,620
48,457
184,048
Creditors- amounts falling due within
one year
13
18,9001
186,4151
Net current assets
39,557
97,633
Income funds
Unrestricted funds
39,557
97,633
39.557
97,833
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the year ended 30 June 2023.
Trustees, responsibilities..
The Members have not required the charty to obtain an audit of ils financial statements for the period in
question in accordance with section 476.,
The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act
2006 with respèct lo accounting records and the preparation of financial stalemenls.
These financial slalements have been prepared in accordance with the provisions applicable lo companies subject
to the Small Companies regimè.
26 March 2024
The finanaal statements were approved by the Trustees on .........................
Do¢uSl9rn4 by..
5S
D Ross
Trustee
Company Registration No. 08574708

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THE MCGINLEY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
Accounting policies
Charity inforniation
The M¢Ginley Foundation is a private company limited by guarantee incorporated in England and Wales. The
registered office is Fifth Floor, Clareville House, 26-27 Oxendon Street, Sl James's, London, SW1 Y 4EL.
1.1 Accounting convention
The financial ststements have been prepared in accordan￿ with the Charity's memorandum and articles of
association. the Companies Act 2006 and Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable lo charities preparing their accounts in accordan￿ with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191 The
charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin
1 not lo prepare a Slalement of Cash Flows.
The financial statements are prepared in slerfing, which is the functional currency of the charity. Monetary
amounts in these financial stslemenls are rounded lo the nearest £.
The accounts have been prepared under the historical cost convention. The principal accounting policies
adopted are set out below.
1.2 Going ¢on¢em
Al the lime of approving the financial statements, the trustees have a reasonable expectation that the charity
has adequate reSoUr￿S to continue in operational existen￿ for the foreseeable future. Thus the trustees
continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted ftjnds are available for use al the discretion of the trustees in furtherance of their charitable
objectives unless the ftjnds have been designated for other purposes. There were no restricted funds in the
current or prior year.
1.4 Income
Income is recognised when the charity is legally entitled lo il after any performance conditions have been met,
the amounts can be measured reliably. and il is probable that income will be received.
Cash donations are recognised on receipt. Other donations are Tecognised On￿ the charity has been notified
of the donation, unless performance conditions require deferral of the amount.
Legacies are recognised on receipt or otherwise rf the charity has been notified of an impending distribution,
the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a
contingent asset.

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THE MCGINLEY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 30 JUNE 2023
Accountlng pollcles
Icontlnuedl
1.5 Expendltu
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a
third paty, il is probable that a transfer of economic benefits will be required in selllemenl, and the amount of
the obligation can be measured reliably.
Expenditure is classified by activity. The c051s of each activity are made up of the lolal of direct cost5 and
shared costs, including support costs involved in undertaking each activity. Direct costs attributable lo a single
activity are allocated dire¢lly lo that activity. Shared costs which contribute to more than one activity and
support costs which are not attributable lo a single activity are apportioned between those activities on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
Expenditure is recognised when payable and comprises those costs incUr￿d by the charity in the delivery of
its activities and services for its beneficiaries.
The charity's main resources expended relates to donations lo other charities as decided upon by the trustees
and are recognised when payable.
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held al call wlh banks, other short-lerm liquid
investments with original malurilies of three months or less and bank overdrafts. Bank overdrafts are shown
wthin borrowings in current liabilities.
1.7 Flnanclal Instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'other Financial Instruments Issues, of FRS 102 to all of ils finanaal instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becornes party lo the
conlraclual provisions of the Inslrumenl.
Financial assets and liabilities are offset, with the net amounts presented in the financial slatemenls, when
there is a legally enfor￿able right lo sel off the re¢ognised amounts and there is an intention to sellle on a nel
basis or lo realise the asset and se￿e the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price, including transaction costs, and are subsequenuy carried al amortised cost using the
effective interest method, unless the arrangement conslilules a finan￿ng transaction, where the transaction is
measured at the present value of the future receipts discounted al a market rale of interest. Financial a55ets
classified as receivable within one year are not amortised.
BasiTC financial IITabilities
Basic financial liabilities, including ¢reditors and bank loans are initially recognised al transaction pri¢e unless
the arrangement constitutes a financing transaction. where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequendy carried al amortised cost, using the effective interest rale method.
Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as Current liabilities if payment is due within one
year or less. If not. they are presented as non-current liabilities. Trade creditors are recognised initially al
transaction price and subsequenuy measured at amortised wst using the effedive interest method.

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THE MCGINLEY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 30 JUNE 2023
Accountlng pollcles
Icontlnuedl
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
Crltlcal accountlng g$tlmat9$ and Judggm9nts
In the application of the ¢harily's ac¢ounling policies, the Iruslees are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
SoUr￿s. The estimates and associated assumptions are based on historical experien￿ and other factors that
are considered lo be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revi510nS to accounting
eslimales arè recognised in the period in which the estimate is revisèd 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.
Donatlons and legacles
Unrestricted Unrestricted
funds
funds
2023
2022
Donations and grfts
63,608
3,500
Other trading activities
Unrestricted Unreslricled
funds
funds
2023
2022
Irish Legends Event
82,812
98,232
The foundation hosted the Irish Legends in August 2022 and received income from various inilialives around
the event.

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THE MCGINLEY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 30 JUNE 2023
Raising funds
Unrestricted Unrestricted
funds
funds
2023
2022
Fundraisin
and ublici
Event hosting costs- Irish Legends
Support costs
162,697
85,108
2,500
Fundraising and publicity
162,697
87,608
162,697
87,608
Charitable activitie5
2023
2022
Donations lo other charities and charitsble expènditure
30,569
26,249
Support costs (examiner's fee £3,30012022.. £3,300)
10,017
5,833
40,586
32,082
Trustees
None of the Iruslees lor any persons connected with them), ¥Nho are considered the only key personnel of the
charity, received any remuneration during the year.
In the prior year Febe Promotions Limited was reimbursed for E Walsh remuneration of £2,500 relating lo the
Irish Legends event.
Employees
There were no employees during either the current or prior year.
Taxation
The company has been granted exemption from corporation taxes under sections 486 and 487 of the
Corporation Taxes Act 2010.
10-

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THE MCGINLEY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 30 JUNE 2023
10 Other gains or losses
Unrestrlcted Unrestrlcted
funds
funds
2023
2022
Foreign exchange gains
1,213
1,734
11
Debtors
2023
2022
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments
6,587
7,883
112,841
7,883
119,428
12 Loans and overdrafts
2023
2022
Bank overdrafts
20
12
Payable within one year
20
12
13 Creditors: amounts falling due within one year
2023
2022
Notes
Bank overdrafts
Deferred income
Trade credilois
Accruals
12
14
20
12
80,822
3,300
5,580
5,581
8,900
86,415
14 Defgrr*d Income
2023
2022
Other deferred income
80,822

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THE MCGINLEY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 30 JUNE 2023
14 Deferred Income
Icontlnuedl
2023
2022
Deferred income is included within..
Current liabilrties
80,822
Movements in the year".
Deferred income at 1 July 2022
Released from previous periods
Resour￿$ deferred in the year
80,822
180,8221
80,822
Deferred income a130 June 2023
80,822
15 Related party transactions
During the year the charity advanced £7,883 to a company with a diredor in common. This advance had
been made in error. The sum has been repaid to the charity in February 2024 when the error was noted by
the Trustees.
During the prior year, a company wth common directors recharged £2,500 for additional salary paid relating lo
the Irish Legends event.
12-