REGISTERED CHARITY NUMBER: 1189855
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
FOR
LIVERPOOL IRISH CENTRE
Malthouse & Company Chartered Accountants America House, Rumford Court Rumford Place Liverpool Merseyside L3 9DD
LIVERPOOL IRISH CENTRE
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
| Page | |
|---|---|
| Report of the Trustees | 1 to 6 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 to 10 |
| Notes to the Financial Statements | 11 to 21 |
LIVERPOOL IRISH CENTRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
In fulfilment of its charitable objectives the Liverpool Irish Centre enables the following cultural activities to take place: Irish Dancing; Irish Music; Irish Language; Sequence Dancing; Irish Flute (marching) band; Lowlands Ceili Music Group; Irish Book Club; Irish Choir, Liverpool Irish Rovers, Youth gaelic games training, Ceilis and concerts featuring Irish music and dance. Our annual An Tostal event attracts families and young people to the centre providing opportunities to engage in outdoor activities and introduce the work of the centre to a more diverse audience.
The Liverpool Irish Centre also provides welfare services for the elderly and vulnerable as follows: tea dances and lunch clubs for pensioners; health and fitness activities such as working in the garden which is in the grounds of the Centre, weight monitoring, healthy cooking and walking and yoga incorporating chair yoga for the less mobile.
The Liverpool Irish Centre is a regular base for the John Mitchels and Wolfe Tones Gaelic games clubs and the GAA County Board meet at the Centre regularly.
The Liverpool Irish Centre is the established as the home of Irish culture on Merseyside and is now in its twenty fifth year at Boundary Lane. During that time, hundreds of people have come through the doors each week to engage in the activities listed above. Although the emphasis and focus is on Irish related activities and the majority of customers are Irish or of Irish descent, the activities are open to all and many who have no connections with Ireland come to learn to dance and play music or attend a class or a concert or function. In addition, the Centre has forged strong links with others such as the Indian, Nepalese and Polish communities who regularly use the premises for their functions.
The Liverpool Irish Centre has strong links and associations with other institutions such as Irish Community Care; The Irish Festival, the Irish government; the Irish in Britain group; local universities including the Institute of Irish Studies; local and Irish media in Britain. Locally, the Irish Centre has supported activities with community neighbourhood groups such as Liverpool Six Community Centre.
The Liverpool Irish Centre operates as a hub for all of these organisations and community support ventures, working hard to bring in funding and trading to support the upkeep of the building. It is predominantly volunteer led so uses the social capital and skills of the volunteers to create a thriving community.
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LIVERPOOL IRISH CENTRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
OBJECTIVES AND ACTIVITIES
Significant activities
One of most successful groups operating from the Centre is the running club, the Liverpool Irish Rovers, which started in 2019 and whose numbers rise steadily year on year. The shirts are now familiar to all who run in the Parkrun every Saturday and around the streets of Liverpool. The group 'take over' the Parkrun at Croxteth at St Patrick's time - it has become another tradition. Many of the runners are now members of the Centre. The runners have also taken part in a "25k for 25 years" fundraiser this year to help raise funds for our Playground. St Patrick's Day Mass opens a festival that takes up much of the month of March with concerts and events.
The annual pantomime was sold out weeks in advance of the performances in February, and for the first time a fourth night had to be added. The production was, based on the original fairytale with an Irish twist 'O'Laddin' set in BallyStMichael, where the traditional is mixed with the anarchic and chaotic. All those who took part were regular patrons of the Centre and it brings out the best of our theatrical, musical and dancing talents on an annual basis. The panto also serves as an important fundraiser for the Centre.
The Liverpool Irish Choir has grown from strength to strength this year, with a group of over 40 members, many of whom are new to singing in public, engaging in various performances throughout the year. During the Irish Festival the choir performed a new piece of work composed as part of the famine memorial and have sung jointly with Leeds Irish Centre Choir and Hope University Choir. Increasingly in demand, the now annual Carols by Candlelight Concert has seen the choir regularly performing at the Centre. The well- being advantages of being part of a musical community have been evident in feedback from the choir members.
Christmas continued the great grotto tradition, now firmly established as part of our festive offering. Over the Sundays of advent, hundreds of children were able to visit Santa in his grotto (the shed, in the garden). The Christmas wreath creation continues to be popular and workshop are now staged over several sell out nights in the run up to Christmas. These events and the associated groups are managed predominantly by volunteers who give their time and energy to maintain and grow the support and influence the groups have in providing an inclusive and safe place for the community it serves.
A huge number and variety of acts have graced the Irish Centre over the course of the year. Most Sundays feature artists who play to perhaps 50 or so people. The Sunday sessions are important as family and community events and part of our mission to combat isolation and encourage inclusion. Larger events take place across the year where hundreds of people will come to see acts such as the Wolfe Tones. All of this is important for the cultural life of the Centre and, also its commercial viability. The larger events help to subsidise live music and emerging artists playing to smaller audiences. The majority of the groups work on a low cost or no cost basis to ensure we are not excluding people from activities due to economic frailty. As such, we only see trading income over the weekend as a rule and so bringing in good attendances is very important to support the maintenance and upkeep of the building.
The garden was a great success through the Summer and Autumn and several of our members undertook a City and Guilds course in horticulture, all completing and passing with flying colours. We continue with growing fruit and vegetables and creating a sustainable green space for people to come and enjoy. Our inner city location and the socio- economic framework of the locality means that the green space access is particularly important. The shed was initially used as a base for the Men's Group supporting mental health and the gardeners but is now frequently used for smaller group activities by the whole community.
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LIVERPOOL IRISH CENTRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
OBJECTIVES AND ACTIVITIES
Our network continues to grow and diversify. Local councillors, MPs and people from the media take a real interest in the Centre and our influence as a provider to the local community has grown. It is recognized for what it is - a unique community centre where people are made welcome and enjoy the entertainment and company. The centre has diversified and brought in activities attractive to people of all ages and backgrounds. We have strong connections with the Irish Consulate, the Emigrant Support Programme, Liverpool City Council, Feeding Liverpool, Liverpool Institute of Irish Studies and the Liverpool Irish Festival.
During the year we have made a number of minor improvements to the building infrastructure, but much remains to be done. We have seen updates to the internal shutter doors, which are a vital aspect in the multi-use of the building. We have updated the chairs and benches in the centre and internal décor has been updated throughout the building. We have been grateful to local business support in repairing fencing and painting needs. In providing a new playground area, we received funding from LCC, but, were mostly dependant on internal fundraising events, in particular a sponsored run by the Liverpool Irish Rovers. Feeding Liverpool has supported our elderly projects with food provision, particularly hot food through winter months.
Social investments
The charity provides young people with an environment to learn about their culture and develop skills in music and dancing. It also provides facilities to act as a base for meetings and fundraising for the various teams. We also provide for our elderly people by arranging a number of social functions on a regular basis where they can meet socially and get advice on social welfare problems if necessary. We facilitate local communities, schools, churches and, also provide opportunities to hold functions after funerals. We welcome groups from all ethnic backgrounds to have social and other activities. Perhaps the most obvious social benefit is in providing a safe and low-cost programme of events in an area of substantial disadvantage.
Beneficiaries
All members of our community benefit from our activities, advice and support we give. The local community have a facility for fundraising and a place where receptions after funerals can take place. Liverpool Irish Centre is there to serve all people irrespective of their race, religion, gender or economic circumstances. The building is wheel chair accessible and groups recognise diverse needs and abilities in their scheduling and programming.
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LIVERPOOL IRISH CENTRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
FINANCIAL REVIEW
Financial position
This set of accounts positive but reflective of the current economic climate. We have made a small deficit of £3,000 this year, in the trading account, which recognises the increase cost of utilities and all supplies. Despite the ongoing support of our members and customers and the great work by staff and volunteers, we face a tough financial climate. This highlights our need for ongoing support and donations. It is clear that the Centre is an important place in the lives of many people, offering a place for enjoyment and recreation, a place to have a party and also a place to go at times of sadness.
The financial review must focus on the importance of sustaining the Centre and the support of our funders remains crucial. For not far short of twenty years the Irish government (now through the Emigrant Support Programme) has provided financial assistance to the Centre. We do not take it for granted. It is for us vital that we keep in mind the values that they would wish to see us espouse when we plan the future of the Centre. We receive regular grants from a variety of other funders including the Irish Fund Great Britain, Liverpool City Council and the Irish Youth Foundation and Feeding Liverpool. Over time, we have managed to create unrestricted funding from donations and internal centre fundraising from groups and events. This brings confidence about the future and our ability to manage the costs of running and maintaining the building. However, the reality is that the fabric of the building requires considerable repair and renewal and with an eighteen year lease we are planning fundraising activities to help support key infrastructure needs, in particular, the plumbing. As we have modernized and diversified what we do at the Irish Centre in the last few years we now have to modernise the building to support the user groups and maintain the fabric of the premises.
Important to the management of the building is the membership scheme and we are currently investigating IT options to increase the funding available through this route. Automating renewals and reminders will provide a regular source of income and we thank everybody who helps the Centre financially in this way. We are a charitable organisation structured as a Charitable Incorporated Organisation meaning that any profit generated is reinvested for the benefit of the community. We have made improvements and will continue to depend on the support of our friends and patrons and the various funds and institutions who are so generous to us year on year.
Investment policy and objectives
The powers of the Executive Committee in relation to the investments are clearly set out in sections 4a and 4d of the constitution, a copy of which has been lodged with the Charity Commission.
Reserves policy
The Executive Committee have established a policy whereby the unrestricted funds not committed or invested on tangible fixed assets of the charity should be two months of the resources expended, which equates to approximately £55,000 - £65,000. At this level, the Executive Committee feel that they would be able to carry on the charity's activities in the event of a significant drop in income. At present, the unrestricted reserves of £38,730 do not reach the target level and the members of the Executive Committee are considering ways to increase funding.
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LIVERPOOL IRISH CENTRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes a Charitable Incorporated Organisation.
Organisational structure and appointment of trustees
A Board of Trustees of up to twelve elected volunteer members meets monthly and administers the organisation. Meetings are both in person and online to support the involvement of a more diverse range of trustees. The Finance Officer and Centre Management attend ex-officio. A smaller number of subgroups take the lead on key policy areas such as Fundraising, Buildings and Maintenance, Policy and Governance, Events and Culture. The subgroups report to the Board of Trustees. Under the CIO rules, the board can also co-opt members with specific skills to support projects and provide advice.
In addition, volunteer groups organise and run classes for Irish Dancing, Irish Music, Irish Language, sports and other activities. Irish Community Care Merseyside, itself a registered charity, runs a monthly tea dance and social event that is attended mainly by elderly people and those people not in full time employment. A number of excursions and dinners are also provided for our elderly community throughout the year.
Related parties
LIC has a close working relationship with Irish Community Care Merseyside, the Irish Festival, Irish in Britain and collaborate to ensure that social and welfare provision in this area is not duplicated. LIC also works with non-registered organisations and individuals in the provision of cultural activities to the Irish and local community.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1189855
Principal address
6 Boundary Lane Everton Merseyside L6 5EH
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LIVERPOOL IRISH CENTRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
Trustees
A Billing P Gaul (resigned 16.11.23) A Grimes (resigned 19.12.23) P Hardiman L Anderson (resigned 4.6.24) M Royce K Brennan R Aspinall P Mudd (resigned 1.9.23) L McGuire S Egan (resigned 11.4.24) D Doolin (resigned 16.5.24)
Independent Examiner
Malthouse & Company Chartered Accountants America House, Rumford Court Rumford Place Liverpool Merseyside L3 9DD
Approved by order of the board of trustees on 17 December 2024 and signed on its behalf by:
M Royce - Trustee
Page 6
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LIVERPOOL IRISH CENTRE
Independent examiner's report to the trustees of Liverpool Irish Centre
I report to the charity trustees on my examination of the accounts of Liverpool Irish Centre (the Trust) for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) 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 independent examination.
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 to enable a proper understanding of the accounts to be reached.
Guy Playfer BA FCA The Institute of Chartered Accountants in England and Wales
Malthouse & Company Chartered Accountants America House, Rumford Court Rumford Place Liverpool Merseyside L3 9DD
17 January 2025
Page 7
LIVERPOOL IRISH CENTRE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 36,614 Charitable activities 4 Improving community life 16,000 Other trading activities 3 249,801 Total 302,415 EXPENDITURE ON Raising funds 5 251,467 Charitable activities 6 Improving community life 55,205 Total 306,672 NET INCOME/(EXPENDITURE) (4,257) RECONCILIATION OF FUNDS Total funds brought forward 53,437 TOTAL FUNDS CARRIED FORWARD 49,180 |
Restricted funds £ - 62,830 - 62,830 24,413 51,853 76,266 (13,436) 40,007 26,571 |
31.3.24 Total funds £ 36,614 78,830 249,801 365,245 275,880 107,058 382,938 (17,693) 93,444 75,751 |
31.3.23 Total funds £ 38,917 66,947 259,943 365,807 248,946 151,511 400,457 (34,650) 128,094 93,444 |
|---|---|---|---|
The notes form part of these financial statements
Page 8
LIVERPOOL IRISH CENTRE
BALANCE SHEET 31 MARCH 2024
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 11 10,450 CURRENT ASSETS Stocks 12 7,598 Debtors 13 - Cash at bank and in hand 42,518 50,116 CREDITORS Amounts falling due within one year 14 (11,386) NET CURRENT ASSETS 38,730 TOTAL ASSETS LESS CURRENT LIABILITIES 49,180 NET ASSETS 49,180 |
Restricted funds £ - - - 26,571 26,571 - 26,571 26,571 26,571 |
31.3.24 Total funds £ 10,450 7,598 - 69,089 76,687 (11,386) 65,301 75,751 75,751 |
31.3.23 Total funds £ 7,237 7,794 759 87,719 96,272 (10,065) 86,207 93,444 93,444 |
|---|---|---|---|
The notes form part of these financial statements
continued...
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LIVERPOOL IRISH CENTRE
BALANCE SHEET - continued 31 MARCH 2024
| FUNDS 15 Unrestricted funds Restricted funds TOTAL FUNDS |
49,180 26,571 75,751 |
53,437 40,007 |
|---|---|---|
| 93,444 |
The financial statements were approved by the Board of Trustees and authorised for issue on 17 December 2024 and were signed on its behalf by:
M Royce - Trustee
R Aspinall - Trustee
The notes form part of these financial statements
Page 10
LIVERPOOL IRISH CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
INCOME
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
EXPENDITURE
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
TANGIBLE FIXED ASSETS
Individual assets costing £500 or more are capitalised at cost.
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Leasehold property improvements - 10% p.a. on cost Fixtures, fittings & equipment - 25% p.a. on cost
STOCKS
Stocks consist of bar and shop supplies and are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
TAXATION
The charity is exempt from tax on its charitable activities.
FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
continued...
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LIVERPOOL IRISH CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES - continued
FUND ACCOUNTING
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
HIRE PURCHASE AND LEASING COMMITMENTS
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2.
3.
DONATIONS AND LEGACIES
| Donations and gifts 100 club Door income Other income OTHER TRADING ACTIVITIES Bar Irish provisions |
31.3.24 £ 21,859 25 4,292 10,438 36,614 31.3.24 £ 209,277 40,524 249,801 |
31.3.23 £ 18,714 2,810 5,857 11,536 38,917 31.3.23 £ 216,593 43,350 |
|---|---|---|
| 259,943 |
continued...
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LIVERPOOL IRISH CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
4. INCOME FROM CHARITABLE ACTIVITIES
| 31.3.24 | 31.3.23 | ||
|---|---|---|---|
| Activity | £ | £ | |
| Grants | Improving community life | 78,830 | 66,947 |
| Grants received, included | in the above, are as follows: | ||
| 31.3.24 | 31.3.23 | ||
| £ | £ | ||
| Irish Youth Foundation | 7,000 | 5,000 | |
| Ireland Fund of GB | 7,000 | 4,000 | |
| Department of Foreign Affairs and Trade; Emigrant Support | |||
| Programme | 48,750 | 48,700 | |
| Arnold Clark Community | Fund | - | 1,000 |
| Citizens Advice - Feeding Liverpool | 16,080 | 8,247 | |
| 78,830 | 66,947 |
The grant received in the year from the Department of Foreign Affairs and Trade: Emigrant Support Programme is restricted for expenditure on events organised for elders and for the salaries of an Administrator and Heritage Development Officer.
5. RAISING FUNDS
OTHER TRADING ACTIVITIES
| Opening stock Purchases Closing stock Staff costs Rent Rates and insurance Light heat and telephone Other costs Depreciation |
31.3.24 £ 7,794 139,246 (7,598) 91,698 6,000 1,850 6,901 1,375 5,045 252,311 |
31.3.23 £ 9,278 143,117 (7,794) 53,585 4,930 1,685 4,928 1,485 2,981 214,195 |
|---|---|---|
All costs, unless easily identifiable, have been apportioned between Fundraising Trading and Support Costs at 30% and 70% respectively. This ratio is considered by the trustees to fairly reflect the split of expenditure undertaken within the charity.
continued...
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LIVERPOOL IRISH CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
| 6. CHARITABLE ACTIVITIES COSTS Improving community life 7. SUPPORT COSTS Finance £ Improving community life 618 Support costs, included in the above, are as follows: Bank charges Rent Rates and insurance Light heat and telephone Repairs, maintenance & other project costs Sundries Legal fees Professional fees Accountancy fees Independent examination |
Support Direct costs (see Costs note 7) £ £ 32,974 74,084 Governance Other costs £ £ 66,441 7,025 31.3.24 Improving community life £ 618 14,000 4,317 16,102 28,119 3,903 - 2,875 2,150 2,000 74,084 |
Totals £ 107,058 Totals £ 74,084 31.3.23 Total activities £ 735 11,502 3,931 11,499 31,309 3,041 7,374 1,950 2,000 2,000 75,341 |
|
|---|---|---|---|
continued...
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LIVERPOOL IRISH CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
9. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 31.3.24 Charity staff 1 Bar staff 10 11 No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 38,917 - Charitable activities Improving community life 14,700 52,247 Other trading activities 259,943 - Total 313,560 52,247 EXPENDITURE ON Raising funds 243,945 5,001 Charitable activities Improving community life 52,226 99,285 Total 296,171 104,286 |
31.3.23 2 10 12 Total funds £ 38,917 66,947 259,943 |
|---|---|
| 365,807 | |
| 248,946 151,511 |
|
| 400,457 |
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
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continued...
LIVERPOOL IRISH CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
| 10. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | |
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| fund | funds | funds | ||
| £ | £ | £ | ||
| NET INCOME/(EXPENDITURE) | 17,389 | (52,039) | (34,650) | |
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 36,049 | 92,045 | 128,094 | |
| TOTAL FUNDS CARRIED FORWARD | 53,438 | 40,006 | 93,444 | |
| 11. | TANGIBLE FIXED ASSETS | |||
| Improvements | Fixtures | |||
| to | and | |||
| property | fittings | Totals | ||
| £ | £ | £ | ||
| COST | ||||
| At 1 April 2023 | 115,097 | 50,438 | 165,535 | |
| Additions | - | 8,258 | 8,258 | |
| At 31 March 2024 | 115,097 | 58,696 | 173,793 | |
| DEPRECIATION | ||||
| At 1 April 2023 | 115,097 | 43,201 | 158,298 | |
| Charge for year | - | 5,045 | 5,045 | |
| At 31 March 2024 | 115,097 | 48,246 | 163,343 | |
| NET BOOK VALUE | ||||
| At 31 March 2024 | - | 10,450 | 10,450 | |
| At 31 March 2023 | - | 7,237 | 7,237 |
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LIVERPOOL IRISH CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
| 12. | STOCKS | |||
|---|---|---|---|---|
| 31.3.24 | 31.3.23 | |||
| £ | £ | |||
| Stocks | 7,598 | 7,794 | ||
| 13. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.3.24 | 31.3.23 | |||
| £ | £ | |||
| Other debtors | - | 759 | ||
| 14. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.3.24 | 31.3.23 | |||
| £ | £ | |||
| Taxation and social security | 5,933 | 6,784 | ||
| Other creditors | 5,453 | 3,281 | ||
| 11,386 | 10,065 | |||
| 15. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.4.23 | in funds | 31.3.24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 53,437 | (4,257) | 49,180 | |
| Restricted funds | ||||
| Department of Foreign Affairs and | ||||
| Trade; Emigrant Support Programme | 21,528 | (9,397) | 12,131 | |
| Irish Youth Foundation | 2,305 | (2,305) | - | |
| Ireland Fund of Great Britain | 4,000 | (4,000) | - | |
| The National Lottery Community Fund | 6,405 | (6,405) | - | |
| Citizens Advice - Feeding Liverpool | 5,769 | 8,671 | 14,440 | |
| 40,007 | (13,436) | 26,571 | ||
| TOTAL FUNDS | 93,444 | (17,693) | 75,751 |
continued...
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LIVERPOOL IRISH CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
15. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Department of Foreign Affairs and Trade; Emigrant Support Programme Irish Youth Foundation Ireland Fund of Great Britain The National Lottery Community Fund Citizens Advice - Feeding Liverpool TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds Department of Foreign Affairs and Trade; Emigrant Support Programme Irish Youth Foundation Ireland Fund of Great Britain The National Lottery Community Fund Citizens Advice - Feeding Liverpool TOTAL FUNDS |
Incoming resources £ 302,415 32,750 7,000 7,000 - 16,080 62,830 365,245 At 1.4.22 £ 36,049 14,812 2,305 - 74,928 - 92,045 128,094 |
Resources Movement expended in funds £ £ (306,672) (4,257) (42,147) (9,397) (9,305) (2,305) (11,000) (4,000) (6,405) (6,405) (7,409) 8,671 (76,266) (13,436) (382,938) (17,693) Net movement At in funds 31.3.23 £ £ 17,388 53,437 6,716 21,528 - 2,305 4,000 4,000 (68,523) 6,405 5,769 5,769 (52,038) 40,007 (34,650) 93,444 |
|---|---|---|
continued...
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LIVERPOOL IRISH CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
15. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Department of Foreign Affairs and Trade; Emigrant Support Programme Irish Youth Foundation Ireland Fund of Great Britain The National Lottery Community Fund Arnold Clark Community Fund Citizens Advice - Feeding Liverpool TOTAL FUNDS |
Incoming resources £ 313,560 34,000 5,000 4,000 - 1,000 8,247 52,247 365,807 |
Resources Movement expended in funds £ £ (296,172) 17,388 (27,284) 6,716 (5,000) - - 4,000 (68,523) (68,523) (1,000) - (2,478) 5,769 (104,285) (52,038) (400,457) (34,650) |
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.22 | in funds | 31.3.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 36,049 | 13,131 | 49,180 |
| Restricted funds | |||
| Department of Foreign Affairs and | |||
| Trade; Emigrant Support Programme | 14,812 | (2,681) | 12,131 |
| Irish Youth Foundation | 2,305 | (2,305) | - |
| The National Lottery Community Fund | 74,928 | (74,928) | - |
| Citizens Advice - Feeding Liverpool | - | 14,440 | 14,440 |
| 92,045 | (65,474) | 26,571 | |
| TOTAL FUNDS | 128,094 | (52,343) | 75,751 |
continued...
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LIVERPOOL IRISH CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
15. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Department of Foreign Affairs and Trade; Emigrant Support Programme Irish Youth Foundation Ireland Fund of Great Britain The National Lottery Community Fund Arnold Clark Community Fund Citizens Advice - Feeding Liverpool TOTAL FUNDS |
Incoming resources £ 615,975 66,750 12,000 11,000 - 1,000 24,327 115,077 731,052 |
Resources Movement expended in funds £ £ (602,844) 13,131 (69,431) (2,681) (14,305) (2,305) (11,000) - (74,928) (74,928) (1,000) - (9,887) 14,440 (180,551) (65,474) (783,395) (52,343) |
|---|---|---|
The Department of Foreign Affairs and Trade; Emigrant Support Programme has funded the Elderly Project and the salaries and expenses of a Heritage Officer and an Administrative Officer in the year. The grant awarded covers the period 1 July 2023 to 30 June 2024.
The Irish Youth Foundation provides funding for the caretaker and equipment.
The National Lottery Community Fund is provided for the Slainte Le Cheile - Health Together project. This aims to ensure the hardest to reach groups within the Irish Community in Liverpool get healthy, and stay healthy.
The Arnold Clark Community Fund grant is provided for garden area improvements.
The Citizens Advice grant is in relation to the Feeding Liverpool project to support people over 65 during the cost of living crisis.
continued...
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LIVERPOOL IRISH CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
16. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
17. ULTIMATE CONTROLLING PARTY
The charity was under the control of the trustees for the period under review.
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