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|---|---|
|Trustees'report|'t-2|
|Accountants' report|3|
|Statementoffinancialactivities|4|
|Balancesheet|5|
|Statement of cashflows|6|
|Notes to the financíal statements|7-1'l|





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4/2/2026 



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|||Unrestricted|Unrestricted|Unrestricted|
|---|---|---|---|---|
|||funds||funds|
|||2025||2024|
||Notes|â||€|
|Expenditure on:|||||
|Charitable activities|2|61,067||154,931|
|Totalexpenditure||61,067<br>:||154,931|
|Netexpenditure||(61,067)||(154,e31)|
|Other recognisedgainsandlosses:|||||
|Other losses|7|(744)||(5,662)|
|Netmovementinfunds||(61,811)||(160,5e3)|
|Reconciliationoffunds:|||||
|Fundbalancesat6April2024||4,060,309|4,220,902||
|Fundbalancesat5April2025||3,998,498|4,060,309<br>:||





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||||2025|2024||
|---|---|---|---|---|---|
||Notes|€|Ê|€|€|
|Current assets||||||
|Debtors|I|3,930,000||4,000,000||
|Cash at bankandin hand||70,418||82,411||
|||4,000,418||4,082,4't1||
|Greditors: amountsfallingduewithin|9|||||
|oneyear||(1,e20)||(22,102)||
|Netcurrent assets|||3,998,498||4,060,309|
|Thefundsofthe Foundation||||||
|Unrestrictedfunds|10||3,998,498||4,060,309|
||||3,998,498||4,060,309|
||||:|||





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|||2025|||2024||
|---|---|---|---|---|---|---|
|Notes|€||€|€||Ê|
|Cashflowsfrom operating activities<br>Cash absorbedbyoperations<br>13|||(11,ee3)|||(181,111)|
|Netcashgeneratedfrom investingactivities|||||||
|Netcashgeneratedfrom financingactivities|||||||
|Netdecrease incash and cashequivalents|||(11,ee3)|||(181,111)|
|Cash and cashequivalentsatbeginningofyear|||82,411|||263,522|
|Cashand cash equivalentsat endof year|||70,418|||82,411|





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|||2025|2024|
|---|---|---|---|
|||e|Ê|
||Directcosts|||
||Legalfees<br>Taxpreparationfees|7,440|16,500<br>1J22|
||lndependentexaminationfees|1,920|3,350|
|||9,360|20p72|
||Grantfundingofactivities(seenote3)|51,707|133,959|
|||61,067|154,931|
||Analysisbytund|||
||Unrestrictedfunds|61,067|154,931|
|3|Grantspayable||-|
|||2025|2024|
|||€|Ê|
||Grantstoinstitutions:<br>Other|51,707|133,959|





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|2025|2024|
|---|---|
|Number|Number|



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|7|Othergains or losses|||
|---|---|---|---|
|||Unrestricted Unrestricted||
|||funds|<br>funds|
|||2025|2024|
|||€|€|
||Foreignexchange (gains/losses|744|<br>5,662|
|I|Debtors|||
|||2025|2024|
||Amountsfallingduewithinone year:|Ê|€|
||Other debtors|3,930,000|4,000,000|
|9|Creditors: amountsfallingduewithinoneyear|||
|||2025|2024|
|||€|€|
||Grantsoutstanding||10,000|
||Accruals anddeferredincome|1,520|12,102|
|||1,920|_-J*|





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|Theunrestricted fundsofthe charitycomprisetheunexpended barances of donations and grants which are<br>not subject tospecifcconoitionsty'd;äi;';.igrantor!<br>""toT;;ïöaybe used. Theseincrude<br>designatedtunds which¡'"uã-¡""í'äiåüåJäi¿r"";d;"i;i';;ffi,n"<br>trustees rorspecifiðpurposes.|
|---|
|At6Aprit<br>2024<br>Ê<br>AtSAprit<br>2025<br>€<br>Resources<br>expended<br>Ê<br>Gains and<br>losses<br>€|
|Generalfunds<br>4,060,30e(61,067)<br>(744)3,ee8,4e8|
|Resources<br>expended<br>€<br>(154,e3r)<br>Gains and<br>losses<br>€<br>(5,662)<br>Previousyear:<br>At6Aprit<br>2023<br>€<br>4,220,902<br>Generalfunds<br>AtSAprit<br>2024<br>t<br>4,060,309|



||Unrestricted|
|---|---|
||funds|
|At5Aprit2025:<br>Cunent assets(liabilities)|2025<br>€|
||3,998,498|
||3,998,498|
||Unrestricted|
||funds|
|AtSAprit2024:|2024<br>f|
|Cunent assets/(liabilities)||
||4,060,309|
||4,060,309|



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|||2025|2024|
|---|---|---|---|
|13|GashabsorbedbYoPerations|Ê|s|
|||(61,067)(1#'e31)||
||DeficitfortheYear|||
||Adiustmentsfor:|(744)|(5,662)|
||Foreignexchangedifferences|||
||MovementsinworkingcaPital:|70,000||
||Decreaseindebtors|(2O,182)|(20,518)|
||(Decrease)increditors|(11,993)|(181'111)|
||GashabsorbedbYoPerations|||