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← The Ireland Fund Of Great Britain

2023-03-31-accounts

Page
Report ofthe Trustees 1 to 5
Independent
Examiner's		 Report
Statement ofFinancial Activities
Balance Sheet
Cash Flow Statement
Notes to the Cash Flow Statement 10
Notes tothe Financial Statements 11 to 22

2023 2022
Unrestricted Restricted Total Total
INCOME AND ENDOWMENTS FROM Notes funds
6		 funds
6		 funds
6		 funds
Donations
and legacies		 2 101,785 348,720 450,505 505,539
Other trading activities
Investment
income		 3
4		 272,488
185		 272,488
185		 217,995
6
Total 374,458 348,720 723,178 723,540
EXPENDITURE ON
Raising funds 5 261,032 261,032 145,736
Charitable
activities
Community
development
Sharing
and developing
Education
Peace		 / the relief of poverty
Irish arts and culture		 165,078
15,617
10,906
4,000		 176,466
12,241
147,580		 341,544
27,858
158,486
4,000		 282,211
14,356
153,168
Total 456,633 336,287 792,920 595,471
NET INCOME/(EXPENDITURE) (82,175) 12,433 (69,742) 128,069
RECONCILIATION
OF		 FUNDS
Total funds brought
forward		 344,096 1,231 345,327 217,258
TOTAL FUNDS CARRIED FORWARD 261,921 13,664 275,585 345,327

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F OR THE YEAR ENDE D 31 MARCH 2023
2023 2022
Notes 6 F
Cash flows from operating activities
Cash generated
from operations		 (150,856) 283,623
Net cash (used in)/provided by operating activities (150,856) 283,623
Cash flows from investing activities
Interest received 185
Net cash provided
by investing
activities		 185
Change
in cash and cash		 equivalents in
the reporting
period		 (150,671) 283,629
Cash and cash equivalents at the
beginning
ofthe reporting		 period 536,463 252,834
Cash and cash equivalents at the end of
the reporting
period		 385,792 536,463

RECONCILIATION

ACTIVITIES		 OF NET (EXPENDITURE )/INCOME
TO NET		 CASH FLOW F ROM OPERATIN G
2023 2022
6
Net (expenditure)/income for the reporting period (as per the
Statement ofFinancial Activities) (69,742) 128,069
Adjustments
for:
Depreciation
charges		 587 650
Interest received (185) (6)
Increase
in debtors		 (24,507) (63,378)
(Decrease)/increase in creditors (57,009) 218,288
Net cash (used in)/provided by operations (150,856) 283,623
ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.22 Cash flow At 31.3.23
F 6 F
Net cash
Cash at bank 536,463 (150,671) 385,792
536,463 (150,671) 385,792
Total 536,463 (150,671) 385,792

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Raising d onations
and		 legacies
2023 2022
E 6
Support costs 66,816 58,614
Other trading activities
2023 2022
F 6
Fundraising events 108,289 11,750
Support costs 85,927 75,372
194,216 87,122
Aggregate amounts 261,032 145,736
CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities Support
(see note costs (see
7)f note 8)
F		 Totalsf
Community development / the relief of
poverty 339,427 2,117 341,544
Sharing and developing Irish arts and
culture 25,741 2,117 27,858
Education 156,369 2,117 158,486
Peace 4,000 4,000
525,537 6,351 531,888
GRANTS PAYABLE
2023f 2022
6
Community development / the relief ofpoverty 339,427 280,235
Sharing and developing Irish arts and culture 25,741 12,500
Education 156,369 151,312
Peace 4,000
525,537 444,047
FO FO FO R THE YE AR ENDED 31 MARCH 2023
GRANTS PAYABLE - continued
The total grants paid to institutions during the year was as follows:
2023 2022
E E
Coventry
Irish Society		 5,000
Irish Community
Services		 8,000 3,000
Gonzaga College 7,500 12,100
Glenstal Abbey 12,500
The Abbey Theatre 6,360
Luton
Irish Forum		 7,000 8,000
Lewisham
Irish Community		 Centre 7,500
Feith An Cheoil School 2,000
Irish Chaplaincy 8,000 8,000
The Ireland Funds 20,000
Irish Heritage 3,000 3,000
Irish Community
Care Manchester		 2,750 7,000
Liverpool
Irish Centre		 4,000
Irish Pensioners
Choir		 2,000 1,500
London
ldish Centre		 5,125
Abbey Theatre 13,750
Integrated
Education
Fund		 18,000 20,063
Irish Cultural
Centre, Hammersmith		 10,125 5,000
Irish Sailing Foundation 8,535 26,651
National
Gallery of Ireland		 18,750 11,703
Social Entrepreneurs
Ireland		 32,017 25,275
UL Foundation/Munster
Rugby		 66,725 17,308
Irish Elderly Advice Network 4,000
Leeds Irish Health
Homes		 7,000
Irish Arts Foundation 2,500
Liverpool
Irish Centre		 3,500
Royal Academy ofMusic 24,822 17,353
St Pats RoofAppeal 500 561
The Ireland Funds 20,000
Jack &Jill Foundation 5,000 13,750
Holy Child Killiney Dev fund 13,777 1,343
Learning
Hub Limerick		 11,836 5,250
Summerhill
College Sligo		 12,964 34,948
Via Wings 7,000 4,500
MyBag Charity
Immigrant
Counselling
and		 Psychotheraphy 6,000
8,000		 8,000
Irish Community
Care		 6,000 4,000
Tinas Wish 4,575
Blackwater Valley Opera Festival 17,925 5,425
NMH Foundation 5,625
The Clongowes
Foundation		 15,000 1,250
The Ireland Funds- Heart of the Community Fund 11,313
DCU 2,000
Stillbirth
and Neonatal
Death		 Association of Ireland 5,625
Alexandra
College		 17,281 35,229
Quaker Service 4,000
Parallel Histories 3,000 3,000
Read for Good 4,000 4,000
Lets unite for autism
Limited		 4,000 4,000
The Vale Pantry 4,000
Sunshine Wishes Children's Charity 4,000 2,500
Leeds Irish Health
&Homes		 6,000
Irish Elderly Advice Network 7,000
IAMI Ltd 5,000 3,000
Cruse Bereavement
Support		 4,000 1,500
Brent ldish Advisory
Service		 7,000 4,200
Brent Adolescent
Centre		 5,000 5,000

GRANTS PAYABLE - GRANTS PAYABLE - continued continued
Void Gallery 3,000 2,500
Leeds Irish Arts Foundation 2,000
Irish Music and Dance in London (IMDL) 1,500
Bikes for Refugees (Scotland) 3,600
Clongowes
Wood		 College 1,250
Blackwater Valley Opera Festival 43,400
Aisling
Return to Home		 5,000
Community
Sports		 Network 7,000
Daisyhouse 1,211
De Paul 10,000
Herstory
Education		 Trust 4,000
Irish Refugee Council 1,311
Mens Sheds 373
School ofFolk 2,000
St Michael's College 3,150
The American
Ireland Funds		 15,000
The Parent Rooms 11,000
The Blackmore Vale Charity 7,000
525,537 444,047
8. SUPPORT COSTS
Governance
Management costs Totals
E E E
Raising donations and legacies 64,036 2,780 66,816
Other trading activities 82,353 3,574 85,927
Community
development		 / the relief of
poverty 2,029 88 2,117
Sharing
and developing		 Irish arts and culture 2,029 88 2,117
Education 2,029 88 2,117
152,476 6,618 159,094
Activity Basis ofallocation
Management Use ofresources
Governance
costs		 Use ofresources
Support costs, included in the above, are as follows:
Management
Community
Raising development
donations Other / the
and trading relief of
legacies activities poverty
F 5 6
Wages and salaries 50,418 64,837 1,597
Social security 4,858 6,248 154
Pensions 2,204 2,836 70
Rent and service charges
Insurance		 2,016
93		 2,592
119		 64
3
Telephone
and internet		 150 193 5
Carried forward 59,739 76,825 1,893

Community
Raising development
donations Other / the
and trading relief of
legacies
6		 activities
f		 poverty
E
Brought forward 59,739 76,825 1,893
Printing,
postage and stationery		 55 72 2
Marketing 1,236 1,590 39
Sundries 2,029 2,608 64
Travel and subsistence 852 1,096 27
Computer expenses 134 171 4
Bank and credit card charges 528 681 17
Foreign exchange (gain)/loss (807) (1,038) (26)
Consultancy costs
Membership cost 24 31
Depreciation oftangible fixed assets 246 317
64,036 82,353 2,029
2023 2022
Sharing
and
developing
Irish
arts and Total Total
culture Education activities activities
F 6 F
Wages and salaries 1,597 1,597 120,046 87,773
Social security 154 154 11,568 15,247
Pensions 70 70 5,250 4,535
Rent and service charges 64 64 4,800 800
Insurance 3 3 221
Telephone and internet 5 5 358 372
Printing,
postage and stationery		 2 2 133 396
Marketing 39 39 2,943 2,519
Sundries 64 64 4,829 3,878
Travel and subsistence 27 27 2,029 1,012
Computer expenses 4 4 317 392
Bank and credit card charges 17 17 1,260 1,178
Foreign exchange (gain)/loss (26) (26) (1,923) 13,262
Consultancy costs 773
Membership cost 58 200
Depreciation oftangible fixed assets 587 649
2,029 2,029 152,476 132,986


Governance
costs
Community
Raising development
donations Other / the
and trading relief of
legacies activities poverty
6 6
Accountancy and legal fees 1,590 2,043 50
Independent examiners' fee's 1,190 1,531 38
2,780 3,574 88
2023 2022
Sharing
and
developing
Irish
arts and Total Total
culture
f		 Education
9		 activities
6		 activities
9
Accountancy and legal fees 50 50 3,783 4,000
Independent examiners' fee's 38 38 2,835 2,688
88 88 6,618 6,688
NET INCOME/[EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2023 2022
F 6
Depreciation -owned assets 587 650
Other operating
leases		 4,800 800

STAFF COS TS
2023 2022
6 E
Wages and salaries
Social secudty costs		 120,046
11,568		 87,773
15,247
Other pension costs 5,250 4,535
136,864 107,555
The average monthly number ofemployees during the year was as follows:
2023 2022
SupportStaff 3 2

COMPARATIVES FOR COMPARATIVES FOR THE STATEMENT OF THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
F E E
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 175,355 330,184 505,539
Other trading
activities		 217,995 217,995
Investment
income		 6 6
Total 393,356 330,184 723,540
EXPENDITURE ON
Raising funds 145,736 145,736
Charitable
activities
Community
development/the		 relief ofpoverty 93,276 188,935 282,211
Sharing and developing Irish arts and culture 14,356 14,356
Education 13,856 139,312 153,168
Total 267,224 328,247 595,471
NET INCOME 126,132 1,937 128,069
RECONCILIATION OF FUNDS
Total funds brought forward 217,964 (706) 217,258
TOTAL FUNDS CARRIED FORWARD 344,096 1,231 345,327
TANGIBLE FIXEDASSETS
Fixtures
and Computer
fittings equipment Totals
F F E
COST
At 1 April 2022 and 31 March 2023 22,233 2,495 24,728
DEPRECIATION
At 1 April 2022 22,201 1,862 24,063
Charge for year 25 562 587
At 31 March 2023 22,226 2,424 24,650
NET BOOK VALUE
At 31 March 2023 71 78
At 31 March 2022 32 633 665
Pae18 continued. ..

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DEBTORS:AMOUNTS
 FALLING DUE WITHIN O NE YEAR
2023 2022
F F
Trade debtors 88,037 41,550
Prepayments 8,824 30,804
96,861 72,354
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
8
Grant obligations 146,165 212,795
Social security and other taxes 4,941 9,739
Other creditors 2,354
Accrued expenses 2,840 2,520
Deferred income (see below) 53,200 36,747
207,146 264,155
2023 2022
Brought forward 36,747 8,699
Amount
released to incoming resources		 (36,747) (8,699)
Amount
deferred
in year		 53,200 36,747
Carried forward 53,200 36,747
ANALYSIS OF NET ASSETS BETWEEN FUNDS
2023 2022
Unrestricted Restricted Total Total
funds funds funds funds
8 8 F F
Fixed assets 78 78 665
Current assets 547,068 (64,415) 482,653 608,817
Current
liabilities		 (285,225) 78,079 (207,146) (264,155)
261,921 13,664 275,585 345,327

MOVEMENT IN FUND S
Net Transfers
movement between At
At 1.4.22 in funds funds 31.3.23
F E 6 E
Unrestricted funds
General fund 309,651 5,653 (53,383) 261,921
IFGBGrant Round 34,445 (87,828) 53,383
344,096 (82,175) 261,921
Restricted funds
Donor Advised Grants - Community Care
and Development (250) 11,339 11,089
Donor Advised Grant - Education 1,481 1,094 2,575
1,231 12,433 13,664
TOTAL FUNDS 345,327 (69,742) 275,585
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
6 F
Unrestricted funds
General fund 273,036 (267,383) 5,653
IFGBGrant Round 101,422 (189,250) (87,828)
374,458 (456,633) (82,175)
Restricted funds
Donor Advised Grants - Community Care
and Development 188,016 (176,677) 11,339
Donor Advised Grant - Education 148,463 (147,369) 1,094
Donor Advised Grants —Irish Arts and
Culture 12,241 (12,241)
348,720 (336,287) 12,433
TOTAL FUNDS 723,178 (792,920) (69,742)

Net
movement At
At 1.4.21 in funds 31.3.22
F E E
Unrestricted
funds
General fund 217,964 91,687 309,651
IFGBGrant Round 34,445 34,445
217,964 126,132 344,096
Restricted funds
Donor Advised Grants —Community Care
and Development (1,707) 1,457 (250)
Donor Advised Grant —Education 1,001 480 1,481
(706) 1,937 1,231
TOTAL FUNDS 217,258 128,069 345,327
Comparative
net movement		 in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
E
Unrestricted
funds
General
fund		 243,111 (151,424) 91,687
IFGBGrant Round 150,245 (115,800) 34,445
393,356 (267,224) 126,132
Restricted funds
Donor Advised Grants - Community Care
and Development 190,392 (188,935) 1,457
Donor Advised Grant - Education 139,792 (139,312) 480
330,184 (328,247) 1,937
TOTAL FUNDS 723,540 (595,471) 128,069