Charity Regislralion No= 1189508 Company No.. 08751590 IRISH HERITAGE LIMITED Re ort of the trustees and unaudited financial statements For the ear ended 31 Au ust 2024
Irish Heritage Limited Content5 Page5 Reference and administrative details Report of the tru5tee5 Independent Examiner's Report Statetnent ol finaniial aitivitie5 Balance sheet Notes to the financial 5tatemenis 9-16
Irish Heritage knmited Reference and administrative details For the year ended 31 Augu51 2023 Charity narne Company number 08751590 Registered charity number 1189508 Tru5tee5 Peter Joseph Power-Hyne5 Richard Keith Raffan Mary Margarei Connolly Thomas James Kirbv Cormac Thoma5 Cawley Principal address and registered office. Second Floor 17 Short's GardÈns London WC2H 9AT Independent exarniner Accountant Bankers. Wise The Tea Building 56 Shoreditch High Street London E16JJ
Irish Heritage Limited Independent Exarninee5 Report to the trustee5 For the year ended 31 August 2024 The Trustees present ihcir report alone with the financial statements of the Charity for the ytar ended 31, August 2024. The financial statements have been prepared In acrordance with the accounting policies Set out In note l and comply with the Trust Deed and the applicable law. The tru5tee'5 report Includes the directors, report as required by company law. Background information In May 2020 the Charity Commission approved Irish HEritagÈ as a rÈgistÉrÈd tharity. Èn ImportÈnt development in the evolution of the organi53tion. Estab115hed in LondDn in 1974, the charit¢s objett Is to advanie public edutation and appretiation tsf the arts, particularly those of Irish and Anglo-Iri5h music, arts, literature and drama of 311 genres and traditions to the benefit of the community. composers In ihe early part of thtir careers. It awards four valuable Bursaries annually, one for performance, one for composition, one for string instruments. another for vocal studies and a special accompanist's award. Irish Heritage presÈnts a programme of public ovÈnts In Èstablished music venues and supports other organi53tions, including the Blackwater Valley Opera Festival that shares It5 Bitns in mv5ic and the arts. It has links with tollÈgÈ5 and tonservatDirÈs in Irèland and Britain to Identify Èmerging. talentèd young performers and composers. The charity's values. Creativity, Encouragement, Co113boration, Enjoyment and Inclu5iVlty, reflect the legacy inherited from its founder5 Ethna Bnd Charles Kennedy and 3re the inspiration for ihe organisation's Outreach and Comrnunity programrne, delivered In 35501iation with the Irish Cultural Centre. which brings theioy of live music io people who cannot normally access It, to children in education and to those who benefit from muslc as therapy Prograrnrne of Activities The Charity carried out a full progr3mme ol events throughout the course of the year both in the Irish Heritage Artistic Programme and the Irish Heritage Outreach Service5 to Irish Communities. Fundraising Irish Heritage wa5 fortunate to tontinue to benefit from funding 50urted through 5Utte55ful grÈnt Bpplications and individual donation5. Once a£ain, the Emirant Support Progr3mme of the Government of Ireland'5 Dep3rtment of Foreign Affairs provided vital funds 35 did the Ireland Fund5 Annual Grant Round. Individual donor5 facilitated the bursary programme with generous support It W35 not POS51ble to organise the charity's annual golf day th15 year. ApprÈtiatlon Irish Heriiage was foriunate 10 continue 10 benefit from funding Sourced through successful grant applications and individual donations. Once again, the Emigrani Support Programme of the Government of Irelind'5 Dep3rtment of Foreign Affairs provided vital funds a5 did the Ireland Fund5 Annual Gr3nt Round. Individual donors faciliiated the bursary programme wilh generous support.
Irish Heritage Limited Independent Exarninee5 Report to the trustee5 For the year ended 31 August 2024 Finally, I wTruld like to thank the charity's Patrons and my fellow Trustees for their sUPPQrt by giving SQ eentrously of their time and expertise. .Ihomas J Kirby. Chairman and Trustee Date.. 21 July 2025 Peter J Power- Hynes. Treasurer and Trustee Peter J Power-Hynes Date 21 July 2025
Irish Heritage LimilEd Independent Examinerfs Report to the trustees For ihe year ended 31 Augu512024 I report tD the charity trustees on my examination of the Èttount5 of Irish Heritage Limited (the Trust) for the year ended 31 August 2024. Responsibilities and basis ol report As the Charily's trustoos you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Aci 20111'the Act'l. I repori in respect of my examination of the Tru5t'5 accounts carried out under section 145 of the 2011 Act nd in carrying out my examination I have followed all the Bpplicable directions given by the Charity Commi55ion under section 14515llbl of the Act. Independent examinerfs statement I have compleied my examination. I confirm that no maierial matters have come to my attention In connection wilh the examinaiion giving me cause to believe ihat in any material respeci.. accountine records were noi kept In respect of ihe Trust as required by seciion 130 of the Act,. or the accounts do not accord with those records-, or 3. the accounts do not conply with the applicable requirements Concerning the form and content ol ttount5 Set out in the Charitie5 IAttount5 and Report51 Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independeni examination. I h3ve no concern5 and have come 3cr055 no other matters in connection with the examination to which attention Should be drawn in this report in order to enable a proper understanding of the account5 to be reached. eifft1 fflGqleD8k Q'liri%iinii NILKLULTh. A('A. IndiPLndciii l..¥llmincr Dai Id TuLkLr. A(-NI,I. LLB IHLTrn%l
Irish Heritage LimilEd Statement of financial activities For ihe year ended 31 Augu512024 Unrestrlcted funds Restricted funds Total funds 2024 Total funds 2023 Notes Incorne and endowment5 from.. Donations ond legacies.. Donations 34,982 3,000 37,982 52,461 Total 34,982 3,000 37,982 52,461 Expenditure on.. Ch(Jritqble octivitie5 Insurances Administrator fees PerformÈr foes 717 4,273 13,028 20,950 138 134 2,457 8.230 17,250 1,410 3,867 8.230 17,250 Website Bank charRes Event- Bursary Adiudicator Travel & subsistence 2,606 2.605 1,630 ESP re-Imbur5ement Venue Hire Event Caiering Photographer5 & video Advertising & promotion sundry Governonce c05t5 Independent exarniner's fee 8,784 818 91 8,875 818 16,355 400 4,184 672 3,184 411 1,499 4,683 411 2,150 2,150 1,800 Total 45,890 3.000 48.890 64,281 Net incomellexpenditurel 110,9081 110,9081 111,8201 Net movement in funds 110,9081 110.9081 111,8201 Reconciliation of funds Total funds brought forward 13,735 13,735 25,555 Total funds Carried forward 2,755 2,755 13,735 The notes on paRe5 7 to 11 form p3rt of these fin3ncial statements. All the above activitie5 3re classed 35 continuing and there are no gains and1055es other than those included above.
Irish Heritage Limited Balance Sheet For the year ended 31 August 2023 2024 2023 Note5 T3ngible fixed a55etS Current assets Cash at bank and In hand 2,755 7,904 2,755 7.904 Trade crediiors Atcruals and deferred income 13,6001 Net current assets 2,755 4,3 Total assets le55 current liabilitie5 2,755 4.304 Net assets 2,755 4,41 Fund5 Unrestricted income fund Restriited funds 2,755 4,3 Total unrestricted fund5 2,755 4,3 Far the year ending 31 August 2024 the IDtnpi4 ny wa5 entitled to ememption from audit under section 477 of the Companies No members have required the compan¥ to obtain an audit OF Its a£tounts for the year in question In accordance with section 476 of the Companie5 Acr 2006.. accounting record5 aTrd the preparation of accounts. 5m311 compaDie5 regime within Part 15 of the Companies Act 2006. Approved by the Trustees on The nDte5 on page5 7 to 11 form pirt Df these financial 5tatetnent5
Irish Heritage Limited Notes to the flnancial statemonts For the year ended 31 August 2024 Accounting policies General information and basis of preparation The financial siatemenis have been prepared in accordance with the Statement of Recommended Practice-. AccouniinE and Reporting by Ch3rities preparing their accounts in accordanie with the FinanEial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued in October 2019 and the Finaniial Reporting Standard applicable In the United Kingdom 3nd Republic ol Ireland IFRS 1021 and UK Generally Accepted Arcounting Practice. The Trust meets the definition of a public benefit entiiy under FRS 102. Asscts and liabilities relevant accounting policy notc. Ir15h Heritage Limited Is a private cornpany incorporated in England & Wale5 and limited bv guarantee. The nature of the charit¢5 operations and principal activities are detailed In the report to trustees on page5 2-3. The financial statements have been prepared to give a'true and fair, view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view,. Thi5 departure has involved followine the Accouniing and Reporting by Charities.- Siaiement of Recommended Practice applicable to charities preparing their accounis in accordance with Ihe Financial Reporiing Standard applicable in the UK and Republic of Ireland IFRS 1021155ued in October 2019 rather than the Accounting and Reporiing by Charities.- Statement of Recommended Practice effective from l April 2005 which has since been withdrawn. The finanEial statements are prepared Dn a going concern ba515 under the historical c05t convention. The financial siatemenis are presented In sterline which Is the functional currency of the charity and rounded to the nearest £. The 51gniliiant accounting policie5 applied in the preparation of these financial 5t3tementS are sei out below. These policies have been consistently applied to all years presented unles5 otherwise slated. Income Donations are recogni5ed In the year in which the ch3rity is entitled to and certain of receipt and the amount can be mèasured with rÈasonablÈ tertainty. Income Is only dÈferrÈd when the chariiy ha5 to fulfil conditions before becoming entiiled to it or where the donor has spetifiÈd that thÈ income Is to be ÈxpÈndÈd in a future year Gift aid is added to thÈ value of the donation to which it relaies. No amount 15 included in the financi315tatement5 for volunteer time in line with the SORP IFRS 1021.
Irish Heritsge Limited Notes to the linancial statements For the year ended 31 August 2024 Accounting pollciÈs ItontlnuÈdl Income Icontinuedl Donated services are recognised as income and expenditure In the financial statements whÈn organisations or individuals offer their service5 and support pro bono. The value of ihese donatÈd services to Irish Heritage Limited Is considÈrÈd to be Èqual to ma rket valuÈ which would be paid were thÈ sÈrvitÈ formally procurÈd. This includes sÈrvicÈs paid for by DthÈr Investment income is accounted for on a receivable basis. Expenditure Expenditure is inclLJded on an accrua15 ba515. Expenditure is recognised as soon as there 15 legal or constructive oblig3tion comrnitting the charity to pay out re50urce5 it 15 prob3ble that the settlement will be required and the amount of the obligation can be measured reliably. Irrecoverable VAT is charged as an expense aeainst the activity for which expenditure ar05e. Grants payable to third partios are within the charitable objoctives. Whoro unconditional grants are offered, this Is accruÈd as soon as the recipient Is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then thÈ grant is only actruÈd when any unfulfilled conditions are outside of the control of tho charity. Charitable activities comprise those costs directly attribuiable to the fulfilmeni of the tharitÈblÈ objects. Governance costs Governance costs comprise 311 costs involving the public 3CCOLJntability of the charity and C05t5 related tD Statutory requirernent5. Taxation The Trust 15 a registered charity and Is not liable to United Kingdom Incorne or corporation tax on charitable activities, provided Income falls within the charitable exemptions and is spent on chariiable purposes. Funds The general unrestricted fund is free for the Trustees to use for any purposes in furtherance Restricted funds arise from donations to the trust which are made for a specific purpose. Restricted funds can only be used for the purpose for which funds werÈ given. Debtors and creditors receivable I payable within one year Debtor5 and creditors With no stated interest rate 3nd receivable or pByBble within one ye3r are recorded at transattion pritÈ. Any losses a1151ng from impairment are rÈtDgnised In Èxpenditure.
Irish Heritage Limited Notes to the financial statements For the year ended 31 August 2024 Atcounting pollcÈs Itontinuodl 1.8 Impairment Assets not measured at fair value are reviewed for any Indication that the asset may be Impaired Èt Èach balance shoet date. If such indicatlDn Èxists. thÈ recovÈrablÈ amount Df thÈ asset. or thÈ asset's cash gÈnorating unit, is estimatÈd and compared to thÈ carrying amount WherÈ the tarrying amount ÉxtÈÈds Its rècoverable amount. an impairment loss Is rÈcognisÉd in profit or les5 unles5 the 355ei is carried ai a revalued amount where Ihe impairment Ioss 15 a revaluation decrease. Going concern The financial Statements have been prepared on a going concern basi5 a5 the trustee5 believed that no material uncerrainties exist. The trustee5 have considered the level of funds held and the expected level of Income and expenditure for 12 month5 from authorising these financial statements The budgeted Iniome and expenditure Is Suff Icient with the level of reserrfes for the charity io be able to continue as 8 going concern. Trustees. expenses ND tru5tee5 reEeived any remuneration or other benefits from employment with the charity. Wage5 and Salaries There are no employees12024. none). Expenditure Other charitable activitie5 Bur53rie5 2024 2023 Direct costs Governance costs 17,250 29,489 2,150 46,739 2,150 62,481 1,800 17,250 31,639 48,889 64,281 Governance c05tS 15 tnade up of the independent examiner'5 fee of £2,150.
Irish Heritsge Limited Notes to the linancial statements For the year ended 31 August 2024 Analysls of net ass5 bÈtwÈÈn funds Current yeor Unrestricted fund5 Restricted fund5 Total funds Tangible fixed assets Current asset5 7,91 13,6001 7,904 13,6001 Total funds 4,3D4 4,304 Prior ye17r Unrestricted funds Restricted funds Total funds Tangible fixed assets Current 85set5 9,604 14,3801 10,900 20,504 14,3801 Total funds 5,224 10,900 16,124 Movement in funds Ctsrrent yettr Reallsedl unrealised gains and losses Balance at 31 August Income 2024 Balance at 31 August 2023 Expenditure Restricted funds 2,755 3,000 13,0001 Unrestricted funds 34,982 145,8891 4,304 Total funds 2,755 37.982 148.8891 4.304 io
Irish Herilage Limited Notes to the financial statements For the yÈar Ènded 31 August 2024 Prioryear Realised/ unreali5ed gain5 and 1055es Balance ai 31 August 2021 Balance at 31 August 2022 Income Empendlture Restricted lund5 21,900 Iii,0001 10,900 Unrestricted lund5 13,591 29,750 138,1171 5,224 Total funds 13,591 51.650 149,1171 16,124 ThÈ unrÉstritted funds are availablÈ to be spènt on any purposÈs In furthÈrancÈ of thÈ tharity's charitable obiettive5. Volunteer5 Irish Heritage Limited relie5 eniirely on volunteers to carry out the management, administration, and general maintenance work. The charity has no paid staff or paid Trustees. Transaction5 Wlth related parties During the ye3r, four payments, totaling £24D, were made to Irish Cultural Centre Hammersmith Limited, a Charitable Company under common control.