**THE IRISH ASSOCIATION FOR CULTURAL ECONOMIC AND SOCIAL RELATIONS** 

**CONSOLIDATED ACCOUNTS FOR THE YEAR ENDED  31 MARCH 2024** 



## **THE IRISH ASSOCIATION FOR CULTURAL, ECONOMIC & SOCIAL RELATIONS INCOME & EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2024** 

|**INCOME & EXPENDITURE ACCOUNT**<br>**YEAR ENDED 31 MARCH 2024**|||
|---|---|---|
|**INCOME**<br>Annual subscriptions<br>Department of Foreign Affairs; Reconciliation Fund<br>Donations<br>Functions<br>Bank interest<br>**EXPENDITURE**<br>Department of Foreign Affairs; Reconciliation Fund<br>Functions<br>Bookeeping/Administration<br>Website<br>Accountancy<br>Bank fees/stamp duty<br>Sundry<br>**SURPLUS OF INCOME OVER EXPENDITURE**|Sterling<br>£<br>2,285<br>-<br>1,024<br>3,613<br>2<br>6,924<br>2,307<br>4,953<br>6,246<br>644<br>600<br>88<br>256<br>15,094<br>(8,171)|Euro<br>equivalent<br>€<br>2,637<br>-<br>1,182<br>4,171<br>2|
|||7,992|
|||2,663<br>5,717<br>7,210<br>743<br>693<br>102<br>296|
|||17,423|
|||(9,431)|



## _Note 1_ 

Deferred Income represents membership paid prior to 31st March 2024 but which relates to 24/25 year. 



## **THE IRISH ASSOCIATION FOR CULTURAL, ECONOMIC & SOCIAL RELATIONS BALANCE SHEET AS AT 31 MARCH 2024** 

|**CURRENT ASSETS**<br>Cash at Bank<br>Debtors<br>**CURRENT LIABILITIES**<br>Deferred Income<br>_Note 1_<br>**NET ASSETS**<br>**REPRESENTED BY:**<br>**ACCUMULATED FUNDS**<br>Balance at 31 March 2023 (per last accounts)<br>Net surplus/(deficit) for year<br>Exchange rate movement<br>Balance at 31 March 2024|Sterling<br>£<br>9,340<br>-<br>9,340<br>240<br>240<br>9,100<br>18,149<br>(8,171)<br>9,978<br>(879)<br>9,100|Euro<br>equivalent<br>€<br>10,912<br>-|
|---|---|---|
|||10,912|
|||280|
|||280|
||||
|||10,632|
|||20,591<br>(9,431)|
|||11,160<br>(528)|
|||10,632|



We approve these accounts and confirm we have made available all relevant records and information for their preparation. 

President: Prof. Brian M Walker Acting Treasurer:  Mr Dermot O'Doherty Date:         15th June 2024 



## **THE IRISH ASSOCIATION FOR CULTURAL, ECONOMIC & SOCIAL RELATIONS INDEPENDENT ACCOUNTANTS REPORT TO THE MEMBERS YEAR ENDED 31 MARCH 2024** 

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** 

15th June 2024