THE IRISH ASSOCIATION FOR CULTURAL ECONOMIC AND SOCIAL RELATIONS
CONSOLIDATED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
THE IRISH ASSOCIATION FOR CULTURAL, ECONOMIC & SOCIAL RELATIONS INCOME & EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2023
| INCOME Annual subscriptions Department of Foreign Affairs; Reconciliation Fund Note 1 Donations Functions Bank interest EXPENDITURE Department of Foreign Affairs; Reconciliation Fund Note 1 Functions Sponsorship Linen Hall Library Subscription Accountancy Bank fees/stamp duty Sundry SURPLUS/DEFICIT OF INCOME OVER EXPENDITURE |
Sterling £ 2,150 14,935 - 3,336 8 20,429 13,244 5,495 500 190 570 83 88 20,171 258 |
Euro equivalent € 2,508 18,000 - 3,892 9 24,409 15,450 6,411 583 222 665 97 103 23,531 878 |
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Note 1
Grant of £14,934.76 (€18,000) received from the Irish Department of Foreign Affairs: Reconciliation Fund has been shown in full in the 'Income' section.
The corresponding expenditure has been shown separately in the 'Expenditure' section. This represents expenditure up to the year ended 31st March 2023. There were further payments made in April 2024 of £2,307 bringing the total pogramme expenditure to £15,551.
Note 2
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Debtors is made up of; £
- Membership subs owed at the year end 215
- Cancelled accommodation owed back 115
330
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THE IRISH ASSOCIATION FOR CULTURAL, ECONOMIC & SOCIAL RELATIONS BALANCE SHEET AS AT 31 MARCH 2023
| CURRENT ASSETS Cash at Bank Debtors Note 2 CURRENT LIABILITIES Deferred Income Nation Heritage Memorial Fund NET ASSETS REPRESENTED BY: ACCUMULATED FUNDS Balance at 31 March 2022 (per last accounts) Net surplus/(deficit) for year Exchange rate movement Balance at 31 March 2023 |
Sterling £ 17,819 330 18,149 - - - 18,149 17,276 258 17,534 615 18,149 |
Euro equivalent € 20,216 374 20,591 - - - 20,591 20,385 878 21,263 (673) 20,591 |
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We approve these accounts and confirm we have made available all relevant records and information for their preparation.
President: Prof. Brian M Walker Hon Treasurer: Mr Dermot O'Doherty Date: 20th January 2023
THE IRISH ASSOCIATION FOR CULTURAL, ECONOMIC & SOCIAL RELATIONS INDEPENDENT ACCOUNTANTS REPORT TO THE MEMBERS YEAR ENDED 31 MARCH 2023
In accordance with the instructions given to us we have prepared the foregoing consolidated Income and Expenditure account and Balance Sheet on the accruals basis from the books and records presented to us.
We confirm that the accounts are in agreement with those books and records.
FITZPATRICK & KEARNEY LTD CHARTERED ACCOUNTANTS NEWRY CO DOWN
20th January 2023