FREA
ANNUAL REPORT AND FINANCIAL
STATEMENTS FOR THE
YEAR ENDED 31ST MARCH 2024
Charity Registration No. 1197939

FREA
CONTENTS
Page
Trustees, Annual Report
Independent Examiner's Report
Statement of Financial Activities
Balan￿ Sheet
Notes to the Financial Statements

FREA
TRUSTEES, ANNUAL REPORT FOR YEAR ENDED 31ST MARCH 2024
The trustees are pleased to present their annual report and financial statements for the Charitable
Incorporated Organisation for the year ended 31st March 2024.
The financial statements have been prepared in accordan¢e with the charity's trusl deed, the
Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended
Practice applicable to Gharities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland published {FRS 102) (effective
1st January 2019).
OBJECTIVES AND ACTIVITIES
The objeclives of the Charitable Incorporated Organisation are:
a. To promote social inclusion for the public benefit among people who are from Irish
communities throughout Britain, in particular, those residing in the north of England, who
are socially exGluded on the grounds of their social and economic position through
combined clustering, collaboration, shared skills and resources to enable charities to
continue to deliver their services to further this purpose
b. To advance the education of the general public in Irish culture, history and heritage
throughout Britain, in particular those residing in the north of England
Public Benefit
In considering the objeGtives and activities, the Trustees have considered the Charity
Commission's guidance on Public Benefit to ensure that the organisation is meeling its Public
Benefit requirements.
ACHIEVEMENTS AND PERFORMANCE
During the year Frea has continued to be true to the objectives through our partnership working
and development of new opportunities to highlight the life changing work of the three charities
involved.
Our Women of Irish Heritage Neiwork goes from strength. Membership has grown from 38 initially
to 400 connected women. The network provides a space and opportunity for professional women
to come together and be inspired by each other whilst also generating fundraising opportunities
at the events or through individual members developing their own fundraising activities.
Frea was the nominated charity for the Maguire Law event in October 2023 where Dara O'Briain
was guest of honour and raised nearly £20,000 through its auction and raffle prizes. We remain
a chosen charity for BITA and thank them for their continued generosity.
We also held a fundraising musiG night in April 2024 at St Kentigern's, Manchester where Michael
McGoldrick perfomied, raising over £10,000 for the charities.
Regular events inclLFding our annual Christmas and Nollaig na mBan (Women's Christmas)
events bring much needed funds into the charities.
We rely on the generosity of those people who give th8ir time and money lo making lives better
for some of the most vulnerable members of the Irish communities across the North of England
and we sincerely thank you for your continued support.
We would also like to express our thanks for the continued investment into the Women of Irish
Network through the Government of Ireland Emigrant Support Programme.
During the year we also strengthened our communications capacity, procuring the services of

FREA
TRUSTEES, ANNUAL REPORT FOR YEAR ENDED 31ST MARCH 2024
Strike the Match to raise our profile across various platforms. This has helped Frea in a number
of fundraising initiatives which developed during the year. The Frea Big Irish Breakfast in March
2024 encouraged people getting together to mark St Patricks Day Ireland's national day to share
a cup of tea, remember all those who had trodden the emigrant path towards a better life, but
also sent money back home to keep Ireland afloat in its time ofeconomic need. We asked people
to donate what they felt they could to the work of the three charities and the campaign reached
out successfully across the region, the country and worldwide with participation from Ireland,
Australia, New Zealand, the United States and Dubai, raising £3,000 in the process. Our online
celebration of St Brigid's Day, now an unofficial Irish International Women's Day captured hearts
and minds with a number of women of Irish heritage sharing their stories and inspirations.
Our partnership work with the former residents of the Mother and Baby & County Homes
institutions in the Republic of Ireland (renamed Renewing Roots during the year) has built on the
solid foundations from its initial horizon scanning pilot project. Funding from the Government of
Ireland Emigrant Support Programme has allowed us to set up a regional programme with staff
located in each of the Frea charities offering free, confidential advoGacy and support to former
residents now living in the North of England. The budget and programme for this project is held
and lead by one of the Frea partners, Irish Community Care and therefore reported on via their
audited accounts.
Frea has also built capacity in the Frea charities through shared leaming, joint training, and peer
support. We would like to extend ourthanks toall those people who donate their pro-bono support
to Frea through sponsorship of our Women of Irish Heritage events. those who have become
involved with Ihe three partner charities as trustees and volunteers and those who have helped
out with our calls to action forfundraising support.
We extend our sincere thanks to Dorothy Lynch, Frea Development Manager whose ne￿OrkS,
energy and passion bring Frea into contact with so many creative, generous and inspiring Irish
people across the region.
FINANCIAL REVIEW
Total income for the period was £89,811 (2023.. £67,802) of which £10.000 (2023.. £20,583)
related to funding for projects upon which restrictions are placed.
Total expenditure for the period was £97.232 {2023.. £54,173) leaving a deficit at the end of the
year of £7,421 {2023: £13,629 surplus). During the year £39,450 of funds raised by Frea was
redistributed back to the three partner charities.
At 3151 March 2024the charity's reserves stood at £6,208 (2023.. £13.629) ofwhich £2,500 (2023..
£nil) represented restricted funds.
RISK MANAGEMENT
The main risks to the Charitable Incorporated Organisation as identified by the Trustees have
been Gonsidered and systems have been established to mitigate those risks.
RESERVES POLICY
It is the policy of the Charitable Incorporated Organisation to maintain unrestricted funds at a
level to cover redundancy provision and four months, running costs should no further funding be
received.
As at the end of the financial year the unrestricted funds totalled £3,708. The charity requires
£3,197 for redundancy provision and £22,442 for three months, running costs, {total £25,639).

FREA
TRUSTEES, ANNUAL REPORT FOR YEAR ENDED 31ST MARCH 2024
We are continually looking to diversify and build income streams to ensure future sustainability
for Frea including grants, subscriptions and donations. This in turn will allow us to develop our
reserves to meel the requirements of our reserves policy.
PLANS FOR THE FUTURE
The development of our focus on helping the three charities to raise significant funds to support
their work remains a key focus.
Maximising OLFr fundraising opportunities through our inaugural St Patrick's Day Ball in
March 2025
Developing the Women of Irish Heritage Network and maximising opportunities through
events, sponsorship and donations to build on the success of the last year
Maintaining and developing our successful links with BITA to remain their charity of choice
and develop possible other ne￿orkS of support
Building on our programme of cultural events (St Brigid's Day,. Ihe Big Irish Breakfast for
St Patrick's Day) where collectively and individually our three charities Can maximise our
profiles to make people aware of the work we do and how people can become involved in
our services
Continuing to build our social media presence and sophisticalion to support our work
including upgrading our website
EffeGtively rolling out our programme to support fomer residents of the Mother and Baby
and County Homes system in Ireland through our Renewing Roots project.
Building on close working ties between each of the three charities to ensure as many
vulnerable members of the Irish community across the North of England can avail of
culturally sensitive support services.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Frea is a registered Charitable Incorporated Organisation ICIO). number 1197939 registered on
161h February 2022. The Goveming Document is a constitution adopted on 161h February 2022.
FREA CIC converted to a Charitable Incorporated Organisation (CIO) on the 16th February 2022.
its assets were transferred to the Charitable Incorporated Organisation FREA, for the purpose of
continuing its activities.
REFERENCE AND ADMINISTRATIVE DETAILS
Name
FREA
Charity Number
1197939
Address & Office
Rouse House
2 Wyther Lane
Leeds
LS5 3BT
During the per50d members of the Board of Trustees were as
follows:
A Hanlon
P J Morrison
B McDaid
Trustees

FREA
TRUSTEES, ANNUAL REPORT FOR YEAR ENDED 31ST MARCH 2024
Independent
Examiner
Ying Huangi ACCA
o LCVS
151 Dale Street,
Liverpool,
L2 2AH
The Co-operative Bank,
PO Box 250,
Skelmersdale
WN86
Bankers
Signed on behalf of the Trustees
A Hanlon - Tr
stee
Date
94125
B McDaid - Trustee
Date

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
FREA
I report on the accounts of the charity for the year ended 3181 March
2024 which are set out on pages 6 to 15.
Res
ective
res
onsibilities of
trustees and examiner
The charity's trustees are responsible for the preparation of the
accounts. The charity's trustees consider that an audit is not
required for this period under section 144 of the Charities Act 2011
(the Charities Act} and that an independent examination is needed.
It is my responsibility to-.
examine the accounts under section 145 of Ihe Charities Act,
to follow the prO￿dLtreS laid down in the general Directions
given by the Charity Commission (under section 145(5)(b) of the
Charities Act, and
to state whether particular matters have come to my attention.
My examination was carried out In accordance with general
Directions given by the Charity Commission. An examination
includes a review of the accounting records kept by the charity and
a comparison of the accounts presented with those records. It also
includes consideration of any unusual items or disclosures in the
accounts and seeking explanations from the trustees concerning
any such matters. The procedures undertaken do not provide all the
evidenGe that would be required in an audit, and consequently no
opinion is given as to whelher the accounts present a 'true and fair,
view, and the report is limited to those matters set out in the
statement below.
In connection with my examination, no matter has come to my
attention-
(1) which gives me reasonable cause to believe that in any material
respect the requiremenls:
to keep accounting records in accordance wth section 386
of the Companies Act 2006., and
accounting requirements of section 396 of the Companies
Act 2006 and with the methods and principles of the
Statement of Recommended Practice: Accounting and
Reporting by Charities
have not been met. or
(2) to which, in my opinion, attention should be drawn in order to
enable a proper understanding of the accounts to be reached.
Basis of inde
end8nt
examinerfs statement
Inde
endent examiner's
statement
Name:
Ying Huang
Relevant professional qualification or body.. ACCA
Address.. c/0 LCVS 151 Dale Street, L2 2AH
Dated".

FREA
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024
Total
Unrestricted Restrlcted
Funds
Funds
Funds
Total
Funds
Period
from 16
February
2022
to 31.
Mar¢h 2023
Notes
2024
2024
2024
Income and endowments
from:
Donations and legacies
Charitable activities
Other Trading Activities
Other income
2a
2b
39,700
39,111
1,000
39,700
49,111
1,000
8,135
34,754
10.000
2d
24,913
Total Income
79,811
10,000
89,811
67,802
Expenditure
Charitable Activities
89,767
7,500
97,267
54,173
Total expenditure
89,767
7,500
97,267
54,173
Net income, net movement
in funds
{9,956)
2,500
(7,456)
13,629
Total funds brought forward
13.629
13,629
Total funds carried forward
3,673
2,500
6,173
13,629
The notes on pages 8 to 15 form part of these accounts.
All the above amounts relate to Continuing aGtivities of the Charitable Incorporated
Organisation

FREA
BALANCE SHEET AS AT 31ST MARCH 2024
Notes
31st March 2024
315t March 2023
Fixed assets
Tangible fixed assets
187
281
Current assets
Debtors
Cash at bank and in hand
8,540
16,315
8,540
16,315
Current Ilabilities
Creditors- amounts falling
due within one year
(2,554)
(2.967)
Net current assets
5,986
13,348
Total assets less current liabilities
6,173
13,629
Funds:
Unrestricted funds
Restricted funds
3,673
2,500
13.629
6,173
13,629
Approved by Trustees on .
A Hanlon - Trustee
B McDaid - Trustee

FREA
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
1. Accounting Pollcles
Basls of accounting
The financial statements have been prepared in accordance with the Statement of
Recommended Practice: Accounting and Reporting by Charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS102) {SORP 2019) (effective 191 January 2019) and Charities Act 2011.
The financial statements are prepared in sterling, which is the functional currency of the
Charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention with items
recognised at Gosl or transaction value unless otherwise stated in the relevant note(s) to these
accounts.
The Charity has taken advantage of the provisions in the SORP for Charities applying FRS
102 Update Bulletin I not to prepare a Statement of Cash Flows.
Golng concern
At the time of approving the accounts, the Trustees have a reasonable expectation that the
Charity has adequate resources to Continue in operational existence for the foreseeable
future. The Trustees have therefore adopted the going concern basis of accounting in
preparing the accounts.
Fund a¢counting
Unrestricted funds are the charity's free reserves available for Ihe trustees to apply in
accordance with the charity's objeclives.
Restricted funds are subject to specific restriGtive conditions imposed by the donor. All
restricted funds are accounted for as restricted income and expenditure for the purposes is
Charged to the fund.
Fixed Assets
Capital expenditure of £200 and above is ststed in the balan￿ sheet at cost less accumulated
depreciation. Depreciation is provlded to write off the cost of each asset over its expected
useful life as below..
Computer Equipment
Income recognition
All income is reGognised once the charity has entitlement to the income, there is sufficient
certainty of receipt and so it is probable that the income will be received, and the amount of
income receivable can be measured reliably.
Donations and legacies comprise of donations and general grants whiGh are recognised in
the accounts when received, with the exGeption of known legacies which are accounted for
when their receipt is certain
Income from charitable activities is recognised on an accruals basis except for grants
receivable, which are recognised on the date on which Iheir unconditional payment is
confirmed by the donor.
Expenditure recognltlon
Liabilities are recognised as soon as there is a legal or constructive obligatlon committing the
charitable company to that expenditure, it is probable ihat settlement will be required and the
amount of the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis. All expenses, including support costs
and govemance costs, are allocated or apportioned to the applicable expenditure headings
33.330/0 per annum reducing balance method

FREA
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
in the Statement of Financial Activities. Support and governance costs are applied to
unrestricted funds unless specifically included in the restrictions, as specified by the donor.
Expenditure on charitable activities relate to the operation of the charity comprising of direct
charitable expenditure to meet the objectives of the charitable company. Support and
governance costs relate to the management and operation of the organisation and also
compliance with Constitutional and statutory requirements in produGing the annual report.
These are dealt with in the Statement of Financial Activities when payment has been
approved by the charitable Gompany.
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-
temi liquid investments with original maturities of three months or less, and bank overdrafts.
Financial instruments
The Charity has elected to apply the provisions of Section 11 '8asic Financial Instrumenls.
and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial
instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes
party to the conlractual provisions of the instrument.
Financial assets and liabilits-es are offset, with the net amounts presented in the financial
statements, when there is a legally enforceable right to set off the recognised amounts and
there is an intention to settle on a net basis or to realise the asset and settle the liability
simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially
measured at transaction priGe including transaction costs and are subsequently carried at
amortised cost using the effective interest method unless the arrangement constitutes a
financing transaction, where the transaclion is measured at the present value of the future
receipts discounted at a market rate of interest. Financial assets Classified as receivable within
one year are not amorttsed.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at
transaction price unless the arrangement constitutes a financing transaction, where the debt
instrument is measured at the present value of the future receipts discounted at a market rate
of interest. Financial liabililies classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate
method.
Derecognition of financial liabilltles
Financial liabilities are derecognised when the charity's Gontractual obligations expire or are
discharged or cancelled.
Critical accounting estimates and judgements
In the application of the charity's accounting policies, the trustees are required to make
judgements, estimates and assumptions about the carrying amount of assets and liabilities
that are not readily apparent from other sourGes. The estimates and associated assumptions
are based on historical experience and other factors that are considered to be relevant. Actual
results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised where the

FREA
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
revision affects only that period, or in the period of the revision and future periods where the
revision affects both current and future periods.
All expenditure is accounted for on an acGruals basis. All expenses, including support costs
and governance costs, are allocated or apportioned to the applicable expenditure headings
in the Statement of Financial Activities. Support and governance costs are applied to
unrestricted funds unless specifically included in the restrictions, as specified by the donor.
Cost of charitable activities relate to the operation of the charity comprising of direct charitable
expenditure to meet the objectives of the Gharity. Support and govemance costs relate to the
management and operation of the organisation and also compliance with conslitutional and
statutory requirements in producing the annual report. These are dealt with in th8 Statement
of Financial Activities when payment has been approved by the charity.
Taxation
Income and gains are exempt from taxation as they are retsived and applied for charitable
purposes only. The charity benefits from various exemptions from taxation afforded by tax
legislation and is not liable to corporation tax on income or gains falling within those
exemptions. The Gharity is not able lo recover Value Added Tax. Expenditure is recorded in
the accounts inclusive of VAT.
2. Income and endowments
Unrestricted Restricted
Funds
Funds
Total
Funds
Period
from 16th
February
2022
to 31.
March
2023
2024
2024
2024
a. Donations and Legacies
39,700
39,700
8,135
b. Charitable Activities
Event Income
Project Income
Unrestricted Grants
Government of Ireland Emigrant
Support Programme
Manchester City Council
5,165
33,946
5,165
33,946
24,254
10,000
10,000
10,000
500
39,111
10,000
49,111
34,754
c. Other Trading Activities
Sponsorship
1,000
1,000
c. Other Income
Transfer of assets from CIC 1250555
24,913
io-

FREA
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
3. Expendlture on charitable activitles
Direct
Support &
Charitable Governance
expendllura
cosls
Total
Total
2024 Poriod from 16th
February 2022
to 31st March
2023
To promote social inclusion for the
public benefit among people who
are from Irish communities
throughout Britain and particularly
those in the North of England and
to advance the education of the
general public in Irish culture.
history and heritage.
94,762
2,505
97,267
54,173
a. analysed as follows:
Period from 16 February
2022
to 31$t March 2023
2024
Dired charitable expenditure..
Staff salary costs
Pension
Marketing and promotions
Events
Redistribution of funds
Equipment
Travel and subsistence
Professional fees
35,000
1,750
8,243
8,576
39,450
19,396
2,042
5,346
1,469
150
1,847
280
1.708
35
94,762
30,530
Support & governance costs..
Staff salary costs
Office costs
Insurance
Paypal fees
Payroll fees
Accountancy
Deprecialion
21,437
418
344
690
266
118
532
805
94
574
730
140
2,505
23,643
Total expenditure on
charitable activities
97,267
54,173
£7,500 (2023.. £20,583) of the above expenditure is restricted expenditure.

FREA
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
b. Staff Costs
Perlod from 16
Ih
February 2022
2024 to 31st March 2023
Gross wages and salaries
Pension Costs
35,000
1,750
40,833
2,042
36,750
42,875
¢. Particulars of employees..
The average number of employees during the period, calculated on the basis of full-time
equivalents, was as follows..
Period from 161h
February 2022
2024 to 31. MarGh 2023
Charitable activities
No employee received emoluments of more than £60,000 during the period.
The Trustees are not remunerated for their services and are not included in the above
number of employees.
No out-of-pocket expenses were reimbursed to trustees during the period.
4. Tanglble flxed assets
Computer
Equipment
Total
Cost
Balan￿ at 1sIApril 2023
Additions
421
421
Balance at 31¥1 March 2024
421
421
Depreciation:
Balance at 1 $1 April 2023
Charge for the period
140
94
140
94
Balance at 31st March 2024
234
234
Net book value at 31st March
2024
187
187
Net book value at 31st March 2023
281
281
There were no material capital commitments at the year end. Majority of the fixed assets were
transferred in from Fréa CIC in the year end 31sI March 2023. All fixed assets are used in the
direcl charitable activities of the charitable incorporated organisation.
12

FREA
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
S. Debtors
There were no debtors as at 31st March 2024 (2023.. Nil)
6. Credltors: amounts falling due withln one year
2024
2023
Creditor
Pension
Accruals
Taxation & Social Security
473
646
840
540
1,639
730
598
2,519
2,967
7. Analysls of net assets between funds
Tangible Fixed
Assets
Net Current
Assets
Total
2024
Unrestricted Funds
General Fund
187
3,486
3,673
Restricted Funds
Government of Ireland Emigrant
Support Programme
2,500
2,500
Tolals
187
5,986
6,173
2023
Tangible Fixed
Assets
Net Current
Assets
Total
Unrestrlcted Funds
General Fund
281
13,348
13,629
Totals
281
13,348
13,629
8. Unrestricted Funds
Movements In the Year
Reserves at
Beglnning of tho
year
R8serigs at
the gnd of
the year
2024
Income Expendlture
General Fund
13,629
79,811
(89.767)
3.673
13,629
79,811
<89,767}
3,673
13

FREA
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
Movements In the Period
Reserves at
Beglnnlng of the
perlod
Roserves at
Ihe end of
the perlod
Perlod from 16th February 2022
to 31°, Mar¢h 2023
Income Expenditure
General Fund
47,219
{33,590)
13,629
47,219
(33,590)
13,629
General Fund is used to finance the charily's general activities and core costs as outlined in
the Truslees, Report.
9. Restricted Funds
Movements in the Year
Reserves at
Beginning of
the year
Reservgs at
the end of tho
year
2024
Income Expenditure
Government of Ireland Emigrant
Support Programme
10,000
(7,500)
2,500
10,000
(7,500)
2,500
Movements in the
period
Perlod from 16 February 2022
to 31st March 2023
Reserves at
Beglnnlng of
the period
Resofves at
the end of the
period
Income Expenditure
Government of Ireland Emigrant
Support Programme
Manchester City Council
20,083
500
(20.083)
(500)
20,583
(20,583)
These are monies given lo the Charity to be spent at the discretion of the Board of Trustees
for specific charitable purposes, as follows:
Government of Ireland Emlgrant Support Programme
Contribution towards
Development Manager post and Marketing & Communication costs. £10,083 were transferred
from the fomerly Fréa CIC during the period 16th FebrLAary 2022 to 318t March 2023.
Manchester Clty Council - Contribution towards Women's Events
10.Guarantees and Other Financlal Commitments
During this financial year there are no financial commitments under non-cancellable
operating leases {2023: none}.
14-

FREA
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31￿ MARCH 2024
11.Related Partles
There were no related party transactions during the period.
12. Contlngent Liabilities
The charity did not have any contingent liabilities as at 31st March 2024 {2023: None}.
l5