Co-operation Ireland
Board members, rep)rt and financial slaternents
Y•ar •nded 31 Docoffl￿r 2022
Company number. Nl 015955

Co-operation Ireland
Board members. report and financial statements
Contents
Page
Board members and other information
Board members, report
4-8
Statement of board members, responsibiltties in respect of the
board member5, and the financial statements
Independent audrtorfs report to the members of Covoperation Ireland
11>13
Stat8ment of incorne and retained earnings
14
Balance sheet
15
Cash flow stalement
16
Notes forming part of the financial statements
17-25

Co-operation Ireland
Board members, report
Board members and other information
Board m•mb•r¥
Terence Brannigan
John Bruton
Jim Clerkin
Terry Crossan
Paula Dobriansky
Pat Dohety
Pai Farrell
Chades Flanagan
Dame Arfene Foster
Sir George Hamilton
Mary Heaney
Ossie ￿'1kennY
Sir Julian Kir¥J
Sheila McCl8lland
Sir Malcolm McKibbin
Dr. Christophef Moran Ichalrman)
Dailhi O'CeallaMJh
Sir Jonathan Phillips
Trevor ￿ngland
Dame Margaret Rrtch
Peter Robinson
James Walsh
Sir David WLMJtton
Chlof Executive
Peier Sheridan
Secretary
Joseph Cq)eland
Reglstèred offlc•
Unit 4
Murray's Excharge,
1-9 Linfield Road
Belfast
8T12 5DR
Audllor
KPMG
Chartered Accountants
1 Stokes Plate
St. Stephen's Green
DutAin 2
Bank•rd
Ulster Bank Limited
11 - 16 Donegal Square East
Belfast
8T15UB
Sollcltors
Elliot DulFy Garrett
Royslon House
34 Upper Queen Street
Belfast
BT16FD
Reglstered Number
Nl 015955

Co-operation Ireland
Board members, report
Board members, report
The board members of Ct>operation Ireland submit their report together with the audited financial
statements of the company for the year ended 31 December 2022.
Results
The results for the year are set out on page 14 of the financlal statements.
Governance
The Trustees of Co-operation I￿land operate as 8 dual Board and dual Sub-committees managing an
organisation composed of two main legal entities. C￿operatIon Ireland. registered as a charitable
company in the Republic of Ireland (Companies Registration Office (CROI registration no.: 72194 and
Charilies Regulator of Ireland regislralion no.: 20010799) and CTroperatTron Ireland. regislered as a
charitable company in Northern Ireland (Companies House registration no.: N1015955. Charity
Commission for Nl registration no.: 101318). The Northem Ireland company also has a trading subsidiary
(Co￿peration Ireland Events Ltd (Companies House registration no: N1036713)1 lo manage large events.
To ensure compliance with Nl and Rol jurisdictions, laws Trustees are always cognisant of the statutes
and rules that apply to these separate Jurisdictions.
An audit carried out by EY in 2020121 outlined several strategies as to how Ihe organisation can be more
effective. Among the most consequential has been the creation of Board Su￿comMitteeS for members to
lend their signfficant expertise to guiding our future strategy. These sulFcommittee5 are:
Finance and Financial Sustainability
Governance. Risk and Audit
Strategy
Marketing and Communication
Nominations, Tenure. Skills and Successlon Plannln8
Stakeholder Relations
Centenary/LeBacy
Protocol/Brexit
Future Leaders Programme.
In the USA an organisation called Cwperation Ireland Inc., which is a related entity. through an
operationally independent company based in New York supports the objectives of Co-operation Ireland by
seeking finanaal resources for programmes and raising awareness of CcFoperation Ireland. C¢H)peration
Ireland Inc. is not controlled by ￿OperatIon Ireland and is not consolidated within the results of C
operation Ireland.
The Board members who hekl office at 31 December 2022 are listed on Page 3.
Challenges
The Stormont Govemment collapse, the Windsor Framework, shrinking budgets, and the cost of living
crisis are all challenges facing ￿operatIon Ireland. The Stormont government collapsed in January
2020, due to a political impasse over the Windsor Framework. This has created a number of challenges
for charities such as C¢Foperation Ireland. Firstly, the framework is largely unsupported by one section of
the communty which has impacted relationships - something C￿operatIon Ireland exists to improve. In
addition, with no ministers in place, outside of Peace Plus and existing programmes already agreed, no
new prograrnme funding can be signed off without ministerial approval. Existing budgets have also been
squeezed. Th8 cost of living crisis is also having an impaci on co￿peratiOn Ireland.

Co-operation Ireland
Board members, report
Financial
Desprte the ongoing issues presented by the Covi(I pandemic and inflation. Co-operation Ireland wa5 able
to continue its long tradition of working to bring people together throughout the 2022123 period against a
backdrop of rK)lib'cal instability both nats'onally and dornestically.
We are pleased to report a surplus of £5,534 for the year erKled 310ecember 2022.
Staff and Offices
Resources from the Dorniant Accounts Fund Nl operated by the National Lottery Communty Fund which
supported VCSE organisations will allow us adapt to future challeNJes and be more financially resilient.
co-operats.on Ireland has invested £1 IX)K in improviThJ working conditions for employees by adopting a
hybrid work mc*Jel.
We have also invested in new fumiture and lechnology to support our hybrid work model.
The hybrid work model allows our employees to work from home some days and from the office on other
days. This gives them the flexibility to choose the work arrangement that besl suils their needs. The new
office is equipped with the latest technology, including V￿80 conferencing, to make it easy for employees
lo collaborate and stay ¢onr￿led, regardless of where they are working.
The dlgital transformation iniliative has focused on improving our communication and collaboration tools.
The investmenl in hybrid working and digital transformal￿n is part of our commitmenl to creating a
workplace Ihat is supportive of our employees. needs. We believe Ihal this investment will help us to
attract and relain top talent. and to improve our productivity and innovation.
Programmes
The charity has emerged from the Covid lockdown per￿d restructured arKI better placed to embrace
challenges ahead. Our flagship Future Leaders Programme entered its third year with an increase in
numbers recruited. The innovative development stralegy designed by our staff seeks to offer practical
training and support to young people across the island to prepare Ihem to tske on leadership roles in the
future. Recruitment is n¢)w underway for the next intake.
Fulure Leaders was jusl one of fflany prograrnmes operated by CTroperation IrelarKI in the lasl year.
Co-operation Ireland continues to operate froffl govemmenlal level right through to grass rools
communities.
This year our programmes have again focused on peacebuilding. but with In¢￿ased emphasis on the
environment.
Co-operation Ireland's flagship Local Authority Programme held a climate summit in Kilkenny Castle in
November 2022 which was addressed Minister for the Environment. Climate and Communications Eamon
Ryan before he flew to the COP27 Climate Conference in Egypt.
Minister Ryan addressed local council chiefs from Northem Ireland and the Rewblic of who take part in
the Local Authority Programme (LAP).
In February the All Island Schools for Climate Action {AIS4CA> event saw young people from across the
Island gather in Belfast's W5 centre. Schools from Cork, Galway, Longford. Belfast and Dublin were
represented. AISCA is a partnership between CcH)peration Ireland. EcoEd4AII. the Education Authority
for Northem Ireland (EANI) and Alison online training.
In March PWC provided the location for the Uniting Communities Young Leaders and Ambassadors
programme graduats'on. This programme offers young people a chance to develop their leadership and
ambassadorial skills to become agents of social change within their communitTres, through sport and
creative actfvlties. Unfting Communlties attracts signrficanl numbers form the migranl community.

Co-operation Ireland
Board members, report
Co-operation Ireland continues to work wtth our partners in the Department for Foreign Affairs. Irish
Football Associats'on. Department for Cornmunits'es and The Executs've Office to rnaintain and conlinue
existing programmes.
Whatever the future holds. Co-operation Ireland will continue to use its experien￿ and influence to build
consensus around our shared future and wotk to create a shared space where the diversity of identities
and traditions 15 respected.
Co-operation Ireland looks forward to bidding for some of the new Peace Plus fijnding for which
application5 are now open. By December 2023. C0￿pera￿.0n Ireland will have applied to operate seven
new programmes under Peace Plus. The Peace Plus programme will provKJe É1.1 billion in funding from
the European Union and British Govemment. which is more than the previous PEACE IV programme.
Peace Plus programme has a broader scope than previous programmes, covering a W￿er range of
activities Ihal support peacebuilding, such as reconciliats'on, cross-border cooperation, and youth
development. This will allow Co-operatson Ireland to be more creative and innovative in their approach to
peacebuilding.
The charity is also investing resources in how Artificial Intell￿ence can be harnessed in the peace building
environment.
Fundralsing
We had a very successful Pat Jennings golf dassic at Royal County Down Golf Club al the beginning of
October 2022 when over 120 golfers took apart from across the islands.
In October 2022 we hosted a black-tie dInf￿ in Belfast in association with the Consular Association of Nl.
Approximately 200 guests were present including Ambassadors. High Commissioners, Senior Diplomats,
and Honorary Consuls based in Northem Ireland. The theme was celebrating diversity and increasing
mullTrculturalism in Nl. Donats"ons were made to Cl.
June 2022 again saw our Legal Dinner held in London. This 'Bloomsday' themed event is a highlight of
the LorKlon legal calendar.
Looking ahead. Co-operation Ireland will hold a Rugby Wofld Cup Cycle Challenge that will see 50
participants cyde between 2023 wodd cup venues in France. All have raised sponsorship money to take
part.
Communlcatlon and Engagement
Co-operation Ireland's cornmunications continues to take place mostly across our intemet and website
channels. Engagement continues to be led by CEO Peter Sheridan. A snapshot is as follows=
EU Negotiating Team
George and Angela Moore Foundation
Joint SOLACEICCMA meeting
Department for Foreign Affairs in Oublin
Board member Sir Geor8e Hamilton as Chalr of the Co-operation Ireland Legary CommSttee and CEO Peter
Sheridan gave evidence to the Council of Europe on the current Nl Troubles and (Legacy and
Reconciliation) Bill.
J05hua Rozenberg BBC Radio 4 interview at Cl Offices recorded for a future pro8ramme linked to 25 year5
of the 8elfastlGFA
Dublin FM Radio on the work of Ctroperation Ireland
Engagement with Ni and Rol political parties on a weekly basis.
Interview5 Wlth BBC relating to the impact on the peace process of continuing dissident violence

Co-operation Ireland
Board members, report
Death of Our Joint Patron, HM Queen Elizabeth11
The Queen was our joint patron with President Michael D Higgins.
Our Chairperson and CEO were invited to and attended the funeral service of Her Majesty Queen
Elizabeth11 at WestTninster Abbey on 19th September 2022.
Post Balance Sheet Events
In Ihe absence of the Nominations, Tenure, Skills and Succession Planning Commtttee being convened.
reviews of the charity's Memoranda and Articles of Association {M&Asl We￿ formally delegated lo the
Slrategy Committee al the 29rh September 2022 Board meeting. The Committee commissioned buslness
and charity law experts, Mason Hayes Curran (Dublin) and Edwards & Co (Belfast) to carry oul the
revIeV￿ and make recommendations thal would make Ctroperation Ireland compliant with the regulatlons
of the Charity Regulators in both Jurisdictions. Further legal advice on mechanisms for retention of
institutional knowledge and expertise was also sought along with any relevant terms of reference. The
M&As were agreed by the Slrategy Committee on 3rd February 2023 and then at the Board meetsng on 91h
June 2023.
With minor amendments approval to revise the M&As was received from:
Charilies Regulator of Ireland
Minister for Enterprise, Trade and Employrnent
Charity Commission for Northern Ireland
At EGMS held on Slh September 2023, the following proposals were formally and unanimously adopted:
a. Revised Memorandum and Articles of AssocIat￿n for c￿peratIOn Ireland (Dublin)
b. Revised Memorandum and Articles of AssociatK)n for Cwperalion Ireland (Belfast)
c. Tems of Reference of the Council of cO￿peratIon Ireland.
d. Desuiption of the Role of PreS￿ent of Co￿peratIon Ireland.
In compliance with the new Articles of Association, there was a staged step down of relevant Trustees
and this was managed in accordance Nwth the resignations. order sel out in the paper entitled 'Board and
Committee Planning, (May 2023) which m8ant at the AGM on 151h September 2023 the following Trustees
r8tlred:
o Terry Crossan
Paula Dobriansky
Pat t)oherty
Mary Heaney
Christopher Moran (Chairperson)
James Walsh
The Members of the Board of C￿Operation Ireland are grateful to Terry Crossan. Paula Dobriansky, Pat
Doherty, Mary Heaney, Christopher Moran (Chairperson) and James Walsh for their advice arld support
during their lenures as Trustees of the chanty.
The new Memofandum and Articles of Association contain powers for the Board to set up a Council of
Govemors. The Council of Govemors was established at the EGM and its Tems of Reference adopted.
This included a document entitled 'The Role of the President, was also fomially adopted to facilitste any
future appointment.
At the Board meeting to be held immediatety following the AGMS on 151h September 2023, the Board will:
Elect a new Board Chairperson
Issue invitations to those it deems would be appropriate members of the Council and who are
prepar8d to comrnit to complying with the T8ms of R8f8renc8 for th8 C(MJncil of Governors. The
number of members appointed to the Council of Govemors will be a minimum of three and
maximum of frfieén. Those eligible to be Members of the Council of Govemors will include formèr
Directors of Co-operation Ireland and such other persons as the Board may determine having
régard to the r8levant experience and skillsèt of the car)didat8.

Co-operation Ireland
Board members, report
Give consideration to the appoinlment of a Chair for the Cthjncil of Governors who is prepared
and willing to take on the role of President of c￿OperatIon Ireland and complying wth the
requirements of the role outlined in the d(Kument entitled 'The Role of the President.
Review the committ￿ structure including considering the establishment of the Nominats'ons and
Tenure Comrnitt￿ which can then look at the skills balance on the Board and consider future
potential nominats'ons. The establishment of a Stakeholder Relations Comrnittee will also be an
Imp￿￿nt consKleration.
There have been no other significant events sinc8 year end that would require disclosure in or
amendment of these financial statements.
Dlsclosure of Infomiatlon to audltor
The directors who held office at the date of approval of this board members. report confim) that, so far as
they are each aware, there is no relevant audil infomation of whTrch the company's audilor is unaware and
each board member has taken all the steps that ought lo be taken as a board member lo make
themselves aware of any relevant informab'on and to establish that the company's auditor is aware of that
In preparing the board members. report, the members have taken the small companies exemption under Section
414 IBI of the Companies Act 2￿6 (Strategic and Directors, Report) Regulations 2013, not to prepare a strategic
report for presentation with these financial statements.
Strategic report
In preparing the board members, report, the members have taken the small companies exemption under
Sectson 414 (8) of the Companies Acl 2006 (Strategic and Directors, Report) Regulations 2013. not to
prepare a strategic report for presentation with these financial statemenls.
Audltor
Pursuant to Section 487 of the Companies Act 2006, the auditor will be deemed to be reappointed and
KPMG will therefore continue in offi￿.
On behalf of the board
Board member
Board member
Dated 15 Septembef 2023

Co-operation Ireland
Statement of board members, responsibilities in respect of the t￿ard members,
and the financial statements
The directors are responsible for preparing the directors. report and the financial statements in
accordance with applicable law and regulations.
Company law requires the dlr8ctors lo preparé financial statemènts for each financial yéar. Undèr that
law they have elected to prepare the financial statèments in accordance with FRS 102 Th8 Financial
Reporting Standard applicable in the UK and Republic of Ireland.
Under Cornpany law the directors musl not approve the financial stalements unless they are sats'sfied thal
they give a true arKY fair view of th8 state of affairs of th8 company and of lh8 profit or loss of the company
for that pèriod. In preparing these financial siat8rn8nts. th8 directors are required to..
select suitable accounling policies and then apply them consistently:
make judgements and estimates that are reasonable and Prudent:
state whether applicable Accounting Stsndards have been followed. subject to any material
departures disclosed and explained in the financial statements..
assess the company s ability to continue as a going concem, disclosing, as applicable. matters
related to going concem,. and
use the going concem basis of accounting unless they either inlend to liquidate the company or to
ase operations or have no realistic altemattve bul to do so.
The directors a￿ responsible for keeping adequate accounting records thal are sufficient to show and
explain the company's transactions and disdose wtth reasonable accuracy at any time the financial
position of the company and enable them to ensure that the financial statements comply wtth the
Companies Act 2006. They are responsible for such intemal controls as they detemine is necessary to
enable the preparation of financial statements that are free from matenal misstatement, whether due lo
fraud or error, and have general responsibility for tsking such sleps as are ￿asOnablY open to them to
safeguard the assets of the company and to Pfevent and detecl fraud and other irregularities.
On behalf of the board
Tw•rtc•
Board member
Board m8mber
Dated 15 September 2023

KPMG
Th8 SLS&st Bwkjw
B5t BTI 3LP
Independent auditor's report to the members of Co-operation Ireland
Report on th• audll of the finan¢lal statements
Oplnlon
We have audited the financial ststements of Ctroperation I￿land (Ihe company") for the year ended 31
December 2022 set out on pages 14 to 25, which comprise the stalement of income and retained
eamings. the balance sheet, the cash flow statement and related notes. including the summary of
signfficant accounting policies set out in note 2. The financial reporting framework thal has been applied
in their preparation is UK Law and FRS 102 The Financial Reporting Standard applicable in the UK and
Republic ol Ireland.
In our opinion:
(l) the financial statements give a true and fair view of the state of the company s affairs as at 31
December 2022 and of its surplus for the year then ended"
the financial statements have been properly prepared in accordance with FRS 102 The
Financial Reporting Slandard applicable in the UK and Republic of Ireland,. and
the financial statements have been prepared in accordance with the requirements of the
Companies Acl 21X)6.
Basls for oplnlon
We conducted our audit in accordance with International Standards on Auditing (UK) (-ISAs (UK)") and
applicable law. Our responsibilities under those standards are further described in the Auditors
responsibilities for the audit of the financial statements section of our report. We are independent of the
company in accordance wilh elhical requirements Ihat are relevant to our audit of financial statements in
the UK. including the Finanaal Reporting Council IFRCI'S Ethical Standard. and we have fulfilled our
other ethical responsibilities in accordance with these requirements.
We believe that the audit evidence we have obtained Is sufficienl and appropriate to provide a basis for
our opinion.
Conclusions relating to going concem
The directors have prepared Ihe financial statemenls on the going concern basis as they do nol intend to
liquidate the company or to cease its operations, and as they have concluded that the company's financial
position means that this is realistic. They have also concluded that there are no malerial uncertainties
that could have cast significant doubt over its ability to continue as a going concern for at least a year from
the dale of approval ol the financial statements (Ihe going concem pericrfj").
In our evaluation of the directors. conclusions. we considered the inherent risks to the cofflpany's
business Th)del and analysed how those risks might affect the ￿rnPany s financial resources or ability to
continuè operations over the going (x)nc8m p8ri(xJ.
In auditing the financial statements, we have conduded that the directors. use of the going concem basis
of accounting in the preparalion of the financial statements is appropriate.
Based on the work we have perfomied, we have not identffied any material uncertainties relating to events
or conditions that, individually or collectively, may cast significant doubl on the company s ability to
continue as a going concern for a perSod of at least twefve months from the dale when the financlal
ststernents are authorised for issue.
10

Independent auditor's report to the members of Co-operation Ireland (continued)
Report on the audft of the financlal statements (continued)
Conclusions relating to going concern (continued)
Our resp)nsibiltties and the responsibilities of the directors wth resFect to going concem a￿ described in
the relevant seclions of this repcKt.
However. as we cannot ￿dICt all future events or condttions and as subsequent events may resutt in
outcomes that are inconsistent wrth judgements that were reasonable at the ts'me they were made, the
absence of reference to a material uncertainty in this auditor's report is not a guarantee that the company
will continue in operation.
Detectlng Irregularttles Includlng fraud
We identified the areas of laws and regulations that could reasonably be expected to have a material
effect on the financial statements and risks of material misstatement due to fraud, using our
understsnding of the enb"ty's industry. regulatory environment and other external factors and inquiry with
the directors. In addition. our risk assessment procedures included.. inquiring with the directors as to the
Company s policies an¢J procedures regarding compliance wilh laws and regulations and prevention and
detection of fraud: inquiring whether the directors have knowledge of any actual or suspected non-
compliance wilh laws or regulations or alleged fraud: inspecting the Company's regulatory aTrd leg81
correspondence,. and reading Boardlaudrt committee minutes.
We discussed idenlified laws and regulations. fraud risk factors and the need lo remain alert among the
audrt team.
The Company is subject to laws arKI regulations that di￿llY affect the financial statements including
companies and financial reporting legislation and taxation legislation. We assessed the extent of
compliance wilh these laws and regulations as part of our procedures on the related financial statement
items. including assessing the financial statement disdosures and agreeing them to supporting
documentstion when r￿eSsary.
The Company. is not subject to other laws and regulations where the consequences of non-cornplian
could have a material effect on amounts or disclosures in the financial staternents.
Auditing standards limit Ihe required audit procedures to identify non￿mplI3n￿ with these non-direct
laws and regulations to inquiry of the directors and other management and inspection of regulatory and
legal correspondence, rf any.
We assessed events or condrtions that could indicate an incentive or pressure lo commit fraud or provide
an opportunity to commit fraud. As required by auditing standards. we perf0m￿l procedures to address
the risk of management override of controls and the risk of fraudulent ￿venue recognition. On thls audit
we do not believe there Is a fraud risk related to revenue recognition.
In response to risk of fraud, we also perfonned procedures including: idenlrfying joumal entries to test
based on risk criteria and comparing the identified entries to supporting documentation; evaluating the
business purpose of significant unusual transacb'ons; assessing S￿nIfICant accounting estimates for bias.
and assessing the disclosures in the financial statements.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected
some malerial misststements in the financial stalements. even though we have properfy planned and
performed our audrt in accordance with auditing standards. For example. the further removed non-
compliance with laws and regulations (irregularities) is from the events and transactions reflected in the
financial stalements, Ihe less likety the inherently limited prcKedures required by audrting standards would
Identify it.

Independent auditor's report to the members of Co-operation Ireland (continued)
Report on the audft of the financlal statements (continued)
Dotectlng Irregularftlos Includlng fraud (continued)
In addition. as with any audit, there remains a higher risk of rrfjn-deteclion of irregularities, as these may
involve collusion. forgery. intentional omissions, misrepresentations, or the override of internal controls.
We are not responsible for preventing non•compliance and cannol be expected lo detect non•compliance
wilh all laws and regulations.
Other inforniation
The directors a￿ responsible for the other infonmation presenled in the Annual Report together with the
financial statements. The other infomiation comprises the infomiation included in the directors. report.
The financial ststements and our auditor's report thereon do not comprise part of the other information.
Our opinion on the financial statements does not cover the other infomiation and, accordingly, we do not
express an audit opinion or. except as explicrtiy stated below. any fomi of assurance conclusion thereon.
Our responsibilty is to read the other informatK)n and. in doing so, consider whether. based on our
financial statements audit work, the infomiatK)n therein is materially misstated or inconsislent with the
financial statements or our audit knowledge. Based solely on that work we have not identified material
misstatements in the other information.
Oplnlons on other matters prescrfbed by the Companles Act 2006
Based solely on our work on Ihe other informalion undertaken during the course of the audit:
we have rK)t ￿entIfied material misstatements in the directors, report or the strategic report;
in our opinion. the infonnation given in the directors, report and the strategic report is consistent
with the financial statements..
in our opinion. the directors. report and the strategic report have been prepared in accordance
with the Companies Act 2006.
Matters on whlch we are requlred lo report by exceptlon
Under the Companies Aci 2006 we are required to report to you rf, in our opinion:
adequate accounting records have not been kept. or retums adequate for our audit have not
been receiv8d from branches not visited by us: or
the financial stsiements are in agreement with the accounts'rvJ records and returns; or
certain disclosures of directors. remuneralion specrfied by law are nol made; or
we have r￿l received all the infomiation arml explanations we ￿qUIre for our audit,, or
the directors were not entitled to take advanlage of the srnall cornpanies exemption from the
requirement to prepare a strategic report.
We have nothing to report in Ihese respects.
12

Independent auditor's report to the members of Co-operation Ireland (continued)
Respectlve responslbllltles and restrlctlons on use
Responslbllttlo8 of dlrnctors for tho flnanclal statements
As explained more fully in the directors. responsibilities statement set out on page 9, the directors are
res￿nsIble for.. the preparation of the financial statements including being satisfied that they give a true
and fair view: such internal conlrol as they determine is necessary to enable the preparation of financial
slalemenis Ihal are free from matenal misstatement. whether due to fraud or error., assessing the
company's ability to continue as a going concem. disclosing. as applicable. matters related to going
concem; and using the going concem basis of accounting unless they either intend to liquidate the
company or to cease operations, or h8ve no realistic altemative but to do so.
Auditorfs responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from material misstatement, whether due to fraud, other irregulanties or error, and to issue an opinion
in an auditor's report. Reasonable assurance is a high level of assurance but is not a guarantee that an
audit conducted in acc￿dance with ISAS (UK> will always detect a material misststement when it exists.
Misstatements can arise from fraud, other irregularities or error and are considered material if, individually
or in the aggregate, they could reasonably be expected lo influence the economic decisions of users
taken on the basis of these financial statements.
A fuller description of our responsibilities is provided on the FRC'S website at
www.frc.or .uklauditorsres
nsibilities.
The purpose of our audlt work and to whom we owe our responsibllities
Our ￿pOrt is made solely to the company's members. as a body. in accordan￿ Y￿th Chapter 3 of Part 16
of the Companies Act 2006. Our audtt work has been undertaken so that we might state to the company's
members those matters we are required to state to them in an auditor's report and for no other purpose.
To the fullest extenl permrtted by law. we do not accept or assume responsibility to anyone other than the
company and the company's members. as a br￿. for our audtt work. for this report. or for the opinions we
have formed.
22 September 2023
Séamus Abraham
for and on behalf of
KPMG
Chartered Accountant8, Statutory Audrt Flmi
I Stokes Place
St. Stephen s Green
Dublin 2
13

Co-operation Ireland
Statement of income and retained eamings
for the year ended 31 December 2022
Note 2022
2021
Income
Donalions
Other income (fund raising events. project inc(Nne)
3 1 .325,151
938,736
1.470,159
535.830
2,263,887
2.005,989
Programme costs
(2,216,932)
(1.960.545
Programme Surplus
46,955
45,444
Other expenditure
Administration expenses
Interest payable
(41,092)
(329)
(42,145}
{172}
Total other expenditure
(41.421)
(42,317)
Surplus for year
15
3,127
The surplus arises from continuing aclivities. The company had no other comprehensive income in the
currenl year or the preceding financial year olher than those dealt with in the statement of income and
retained earnings.
The notes on pages 17 to 25 form part of these financial ststements.
14

Co-operation Ireland
Balance sheet
as at 31 December 2022
Note 2022
2021
Fixed assets
Tangible assets
Financial assets
3,976
8,419
10
3,977
8.420
Current assets
Ctroperation Ireland (Dublln)
Co operation Ireland Events Llmited
Debtors
Cash at bank and in hand
Restricted cash
239.880
2,482
11 2S4.853
12
34.659
12
404,400
252.536
7.162
526.301
531.874
1.190.399
Creditors.. amounts falling due within one year
Bank Overdraft
CcFoperation Ireland Events Limited
13 (416,692)
(61,624
(1.139,983)
(33,609>
(6,833)
1478,316)
<1.146.816)
Not ¢urr•nt ass•ts
53,558
43,583
Net assets
57,535
52,003
Reserves
Reserves surplus
15
57,535
52.003
The notes on pages 17 to 24 form part of these financial slatements. The financial statements were
approved by the t)oard members on 15 September 2023 and signed on their behalf by:
Board Member
Board Member
15

Co-operation Ireland
Cash flow statement
for the year ended 31 December 2022
Note 2022
2021
Cash flows from operating aclivitbes
Surplus for the year
Adjustments for..
Depreciation of tangible fixed assets
Interest payable
Decreasel(Increase) in Irade and other deblors
Decrease in trade and other creditors
5,534
3,127
5.701
172
{268,036)
1177.219)
329
159,721
(696.517)
Net cash from operatlng actlvftles
(524,987)
(436.255)
Cash flows from investing activities
Acquisits'on of tangible r￿ed assets
(1.503)
(8.854)
Net cash from investing activities
(1.503)
(8.854)
Cash flows from financing activities
Interest paid
1329)
(172)
Not cash from finanelng actlvltl•$
{329)
(172)
Net decrease In cash equlvalents
(526.8191
(445.281
Net cash at beginnlng of year
12 499.854
945,135
Net cash at end of year
12 {26,965)
499.854
16

Co-operation Ireland
Notes
forming part of the finanaal statements
Status
The cornpany is limited by guarantee and does fbot have a share caprtal. Each member has
undertaken to contribute an amount not ex￿edIng STG£1 towards the liabilities of the company in
the event of its winding up.
Accounting F￿lIcIeS
Co-operation Ireland (-the companK) is a company limited by guarantee and incorporated. domlclled
and registered in Northem Ireland. The registered number is Nl 015955 and the address of its
registered office is Unit 4, Murray's Exchange,1-9 Linfield Road, Belfast. BT12 5DR
These financial statements were prepared in accordance with Financial Reporting Standard 102 The
Financial Repo￿ng Standard applicable in the UK and Republic of Ireland ("FRS 102-). The
presentation currency of these financial slatements is sterfing.
The accounting policies sel out below have, unless olherwise slated. been applied consistentty to all
Periods presented in these financial statements.
Judgemenls made by the board members. in the applicalion of the accounting policies Ihat have
significant effecl on the financial statements and estimales with significanl risk of malerial adjuslment
in the next year are discussed in note 17.
The financial slatemenls are prepared on Ihe historical cost basis.
Golng concern
Co-operation Ireland is managed on a unffied basis with its sister company Cwperation Ireland in
Dublin. with fundraising events and programmes being undertaken jointly and revenues and costs
shared by the two companies.
The financial statements have been prepared on a going concem basis. This presumes that Ihe
company will continue in operats'onal existence for the foreseeable fiJture having adequate resources
(including financial resources) to meet its obligations as they fall due.
The organisation foresees that rt has sufficient credit facilities lo meet its debts as Ihey fall due for
next twelve months.
Basic financial instruments
Trade and other debtorslcredltors
Trade and other debtors are recognised inrtially at transaction Pfice plus attributsble transaction
costs. Trade and other creditors are recognised initially at transaction price less attributable
transaction costs. Subsequent to initial recognition they are measured at amortised cost uslng the
effective interest method, less any impaimient losses in the case of trade debtors. If the
arrangement consb'tutes a financing transaction, for example if payment is deferred beyond nonnal
business tems, then it is measured at the present value of future payments discounted at a market
rale of interest for a similar debt instrument.
17

Co-operation Ireland
Notes (continued)
Accounting policies (continued)
Basic financial instruments (continued)
Interest-bearing borrowings classified as basic financial instruments
Interest-bearing borrowings are recognised initialty at fair value less attributable transaction costs.
Subsequent to inttial recognrtion, interest-bearing borrowings are stated at amortised cost using the
effective interest method, less any impairment losses.
Cash and cash equivalents
Cash and cash equivalenis comprise cash balances and call deposits. Bank overdrafts Ihat are
repayable on demand and form an integral part of the company's cash management are induded as
a component of cash and cash equivalents for the wrpos8 only of the cash flow statement.
Tanglble fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment
losses.
Leases in which the entity assumes subsiants.ally all Ihe risks and rewards of ownefship of the leased
asset are clasSif￿d as finance leases.
The entity assesses at each reportiThJ date whether langible fixed assets (inclLKling those leased
under a finance lease) are impaired.
Depreciation is charged to Ihe profit and loss account on a straight-line basis over the estimated
useful lives of each part of an ilem of tangible fixed assets. The estimated useful lives are as follows:
Fixlures and fittings
Office equipment
20% straight line
33.33°k120% straighl line
Depreciation methcmjs. useful lives and residual values are reviewed rf there is an indication of a
sTrgnificant change since the last annual reporting date in the pattem by which the cornpany expects
to consume an asset's future economic benefits.
Employee benefft5
Defined contributson plans
A defined contributs'on plan is a post-employment benefft plan under which the company pays fixed
contributions into a separate entity and has no legal or constructive obligation to pay further
amounts. Obligations for contributions to defined contributTron pension plans are recognised as an
expense in the profit and loss account in the per?trJs during which services are rendered by
empk>yees.
Income
Ctroperation Ireland receives income from the Northem Ireland Executtve. local govemment,
European Union, fundraising events, private donors, Cctroperalion Ireland (Dublin) and profits from
Ctroperation Ireland Events Limrted and delivers programmes to promote a peaceful and stable
Island where people of all backgrounds live and work together for a better future.
18

Co-operation Ireland
Notes (continued)
Accounting policies (continued)
Income recognition
Income is included in the financial slatements on a cash receNable basis subject to deferral of
income that relates to wogramme experKliture incurred after Ihe year end.
The cofnpany and its sister company in Dublin cTroperate on a number of fund raising activities and
the income is recognised in the financial statements of the recipient. Some of the costs are shared
and there is a transfer between both companies at the year end to ensure an equitsble distribution of
income.
The company derives a proportK)n of its incom8 from voluntary donations. The board has taken
reasonable steps and controls to ensure that, as far as it reasonably can. it is satisfied that the
income as recorded is complet8.
Expen8e8
Pmgramme costs
Programme costs expenditure are analysed between the relevant programmes based on direct
expenditure costs which cannot be attributed ¢Jirectly lo each of Ihe programmes are alk)cated lo the
programme activities in proportion to Ihe ts.me spent on these programmes. The balance of costs are
included as administration expenses.
Operatlng lease
Payments made under operating leases are recognised in the profrt and loss account on a stra￿ht-
line basis over the term of the lease.
Forelgn currency
Transactions in foreign currencies are translated to the company's functional currency at the foreign
exchange rate reading at the date of the transacts'on. Monetary assets and liabilities denominated in
foreign currencies at the balance sheet date are retranslated to the functional currency at the foreign
exchange rate ruling at that date. Foreign exchange differences arising on translation are
recognised in the statement of income and retained eamings.
Interest rnceivable and interest payable
Interest incorne and interest payable are recognised in the statement of income and retained
earnings as they accrue, using the effective interest rate method.
19

Co-operation Ireland
Notes (continued)
Donations and other income
2022
2021
GovemmentlPublic Body donations
Corporate and privaie donats.ons
Olher in￿rne
1,277,367
47.784
938.736
1.392,073
78.086
535,830
2,263,887
2,005,989
The Company receNed a govemment grant of £50,OIX) (2021 £75,000) in relation to the Department
for Communities Nl COV￿ Recovery Fund .
Ctroperation Ireland was appointed as an intem)ediary tK)dy of the Department for Communities
Small Capital Grants programme in 2019. After review of contractual arrangements il was
delennined Ihat co￿peratIon Ireland was acting as an agent in respect of this scheme. This has
resulted in Agent fees of £57.131 (2021.. £135.600) being recognised in relalion lo the scheme.
£756.526 of grants were paid to participanis of Ihe scheme in Ihe year (2021.. £1,461.923).
The scheme has now ended.
Taxation
c￿OperatIon Ireland is regarded by HMRC as established for charitable purposes only. and
accordingly is exempt from corporation tax.
Interest payable
2022
2021
On bank overdraft
329
172
Surplus for year
2022
2021
The surplus has been arrived at after charging the
following items..
Depreciation
Auditor's remuneration
5.701
5.000
5,000

Co-operation Ireland
Notes (continued)
Staff numbers and costs
The average number of persons ernployed by the company during the year analysed by category
was as follo￿￿.
2022
Number
2021
Number
Management
Administration
Project staff
31
28
31
The aggregate payrdl costs of these persons were as follows:
2022
2021
Wages and salaries
Social Security (NIC)
Retirement benefrt
1,105,979
112,432
87,205
990.596
92.924
80.384
1.305.616
1.163,904
RetSrement benefft
The company operates a defined contribution retirement benefit scheme for ￿rtain employees. The
retirement benefit charge for the year was £87,205 2021.. £80,384). The amount accrued at the
yeaf-end was £9,630 (2021." £8,619).
21

Co-operation Ireland
Notes (continued)
Tangible fixed assets
Fixtures
and ffttings
Office
equipment
Total
Cost
At beginning of year
Additions
64.609
175
234.539
1.328
299.148
1.503
At end of year
64,784
235,867
300,651
Depreclatlon
At beginning of year
Charge for year
63,579
227,150
29).729
5.946
At end of year
64,645
232,030
296,675
Net Ix>ok value
31 December 2022
139
3.837
3.976
31 December 2021
1.030
7.389
8.419
10 Flnanclal fixed assets
2022
2021
Shares in subsidiary undertakings
Subsldlary undertaklngs
Name and
registered offKe
County of
incofj)orat
Details of
Investments
PmportA?n
Held
Principal
Activity
Covoperation Ireland
Events Limited
Northem
Ireland
1 ordinary
shares of £1 each
100%
Fundraising
Based ￿ audited financial statements for the year ended 31 December 2022 the company had a
surplus of £Nil (2021.. £Nil) and capital and reserves of £1 (2021.. £1).

Co-operation Ireland
Notes (continued)
11 Debtors: amounts falling due within one year
2022
2021
Trade debtors
Other debiors and p￿paYments
229,120
25,733
172.303
80.233
254,853
252.436
Debtors are stated net of a provision for irnpaiment of £Nil (2021.. £Nil).
12 Cash and cash equlvalenlslbank overdrafts
2022
2021
Cash at bank and in hand
Bank overdraft
34,659
(61,624)
533,463
(33,609)
Cash and cash equivalents per cash flow sL1tement
(26,965)
499.854
13 Creditors.. amounts falling due within on8 yèar
2022
2021
Trade creditors
Accruals
Other credttors
Deferred income
138,648
55,556
123,633
45,524
526,301
410,918
222,488
416,692
1.139.985
23

Co-operation Ireland
Notes (continued)
14 Related party transactions
Covoperation Ireland and its sister company in Dublin co<>perate on a number of fund-raising
athvities. The income from these activtties is received by both companies and some of the costs
are shared. During 2022, C(Foperation Ireland Dublin transferred a net surn of £430.000
(2021.. £218.872) to Ctroperation Ireland in Belfast to ensure an equitable distributs'on of income.
At 310ecernber 2022 Ctroperation Ireland in Belfast was owed £239,880 (2021.. £404.400) from
Ctroperation Ireland in Dublin.
Ctroperatlon Ireland Events Limited, a subsldiary company, was set up in August 1999 to run certain
fundraising events. The profits from these events in the year was £117.270 (2021.. £5.839). C
Operation Ireland in Belfast donated £117.270 to Co-operation Ireland Events Limited during the
year. At 31 December 2022. C(Foperation Ireland in Belfast was owed £2,482 by Co operation
Ireland Events Lirnited (2021 . Co opefats.on Ireland Belfast owed £6, 833 to Ctroperats'on Ireland
Events Limiled}
Contributions from board members during the year amounled lo £Nil (2021.. £NI7).
During the year an amount of £Nil (2021.. £Nil) paid to CMperation Ireland Inc. a relaled ents.ty as
outlined in the Board members report.
15 Reconclllatlon of movements In refArves
2022
2021
Surplus at beginning of year
Surplus for the year
52,001
5.534
48.874
3.127
Surplus at end of year
57,535
52.003
16 Leasing commitments
The total future minimum lease payments under non-cancellable operats'ng leases are payable as
follows:
Land and buildings
2021
2022
Less than one year
Between one and five years
More Ihan fNe years
17,887
35.772
14.905
17.887
50,677
24

Co-operation Ireland
Notes (continued)
17 Accounting estimates and judgements
In the application of the company's accounling policies, which are described in note 2. the board
members are required to rnake judgements. estimates and assumptions about the carying amounts
of assets that are not readily apparent from other sources. The estimates and a550ciated
assumptions are based on historical experience and other factor5 that are considered to be relevant.
Aclual results may drffer from these estimates. The estimates and underlying assumptions are
reviews on an ongoing basis. Revisions to accounting estimates are recogni5ed in the period in
which the estimate is revised rf the revision affects only that pericmj or in the period of the revision
and future periods if the revisNJn affects imjth cu￿ent and future perNJds.
(li) Recoverability of debtorn
The company has made judgements vthen assessing the impairment of its debtors. Outstanding
balances have been grouped on Ihe basis of similar nsk characteristics and impairment has been
reviewed with reference lo historical loss experience updated for current conditions.
(111) Revenue recognlllon
The company's revenue recognilion policy involves Critical accounting judgements in relation to the
timing of recognition and appropriate deferral of uneamed income.
18 Post balance sheet events
There have been no other significanl events since the balance sheet dale which would require
disclosure in or amendment of these financial statements.
19 Approval of financlal statements
The financial statements were approved by the board members at a meeting held on 15 September
2023.
25

Appendices
The follo￿ng infomiation does not fomi part of the
audited statutory financial statements and is included
solely for infonnation pu￿￿SeS.

Co-operation Ireland
Appendix 1: Other income
for the year ended 31 December 2022
2022
2021
Transfer from Co￿peration Ireland {Dublin)
Donation from Ctroperation Ireland Evenls Limited
BostonlNew York Cycle
Future Leaders Prograrnrne
Wornen's Leadership Cl￿ference
Pride of place awards
Pat Jennings Golf
Legal Dinner
Diplomatic Dinner
Antrim Coast Cycle
NCS Participants Fees
430,000
117,270
218,872
5.839
364,992
966
11,109
3,984
8,597
1,818
300.919
2.891
5,825
1,092
392
938,736
535,830

Co-operation Ireland
Appendix 2: Programme costs
for the year ended 31 December 2022
Exchange programme
2022
2021
Grants and development
Programme cosls
720,566
1,020,729
607,250
954,89)
1.741,295
1,562.140
Local authorlty programme
Local authority all island forum
Pride of place programme
7.238
42,806
8,496
13,222
50.044
21,718
Fundraising programme
Other events expendrture
Programme costs
Future Leaders
Pro3ramme costs
3.395
124,578
61,361
143.931
4,355
27,474
46,117
100.307
333.265
178.253
Communlcatlons programm•
Annual reporunewsletter public fylations
Programme costs
130
5.786
146
3.232
5.916
3.378
Small Capital Grants programme
Safe Retum Fund
40,675
94,252
55,251
40,675
149.503
National Youth Council
45.737
45.553
Total
2,216,932
1,960.545

Co-operation Ireland
Appendix 3: Administration costs
for the year ended 31 December 2022
2022
2021
Administration
Salaries
IT
Rent and rates
Telephone and postage
Travel and expenses of meetings
Insurance
Consultancy and professional fees
Printing, stationery and publications
Leasing
Light and heat
Cleaning and canteen
Miscellaneous
Repairs and renewals
Bank charges
Depreciation."
Office equipment
23,141
3,424
24.330
3.759
5.265
2.070
400
1.307
1,556
1,158
565
2,607
209
53
1,320
894
1,266
216
585
459
806
834
Total administralion costs
41.092
42.145