THE IRISH ASSOCIATION OF THE SOVEREIGN MILITARY HOSPITALLER ORDER OF ST JOHN OF JERUSALEM, OF RHODES AND OF MALTA (NORTHERN REGION) UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
THE IRISH ASSOCIATION OF THE SOVEREIGN MILITARY HOSPITALLER ORDER OF ST JOHN OF JERUSALEM, OF RHODES AND OF MALTA (NORTHERN REGION) GENERAL INFORMATION Trustees Mr Anthony Patterson Mr John Wright Buslness Address 7 - 11 Linehall Street Belfast BT2 8AA Accountants Idvalsh O'Brien Hamett Chartered Accountants 104 Lower Baggot Street Dublin 2
THE IRISH ASSOCIATION OF THE SOVEREIGN MILITARY HOSPITALLER ORDER OF ST JOHN OF JERUSALEM, OF RHODES AND OF MALTA (NORTHERN REGION) CONTENTS Pago Trustse's report Accountants, report Profit and loss account Balance sheat Notas to the financial ststements Detailed Profit and Loss Account
THE IRISH ASSOCIATION OF THE SOVEREIGN MILITARY HOSPITALLER ORDER OF ST JOHN OF JERUSALEM, OF RHODES AND OF MALTA (NORTHERN REGION) TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Irish Associatlon of the Soverelgn Military Hospitaller Order of St John of Jerusalern, of Rhodes and of Malta {Northem Region) present their non-statutory financial statements for the year ended 31 December 2024. Prlnclpal Actlvltlos The prsncipal activity of the charlty15 the holding of assets on behalf of and the promotion of the charitabl8 objèctlv8S of the Irish Association of th8 Sovgrelgn Military Hospitaller of St John of Jerusalem. of Rhodes and of Malta withln Northern Ireland. Flnanclal Revlew The statement of profit and loss for 2024 is contain8d on page 3. This dlscloses Income of the charlty at £107.813 (2023: £102,473). Expenditur8 in 2024 totalled £143,425 (2023: £119,185) The balance sheet Is on page 4. Thls dlscloses a financial base largely comprlslng inveslrnent propety. bank accounts and creditors. The charity's reserves amount to £424.294. The lrfsh Association of the Sovereign Military Hospltaller of St John ofJerusalem. of Rhodes and of Malts (Northem Region) use these r8serve8 for charitabl8 purposes. Statement that the Trustees have had regard to the Charlty Commlsslon for Northern Iraland publlc bonefft requlrement statutory guldance The Trustees conflmi that they have complled with the requlrements of Section 4161 of the Charltles Act (Northem Ireland) 2008 and have due regard to the public b8nefit guidance published by the Charltles Commisslon for Northem Ireland In determining the activities undertaken by ihe charlty- Throughout the Annual Report the Trustees seek to demonstrate tha aims and obj8Ctlves ofThe Associalion of the Sovereign Military Hospltaller of St John of Jerusalem, of Rhodes and of Malta {North8m R8gion) are for the public benefit. Structurn, Governance and management The operations of The Association of the Sovereign Military Hospitaller of St John of Jerusal8m, of Rhodes and of Malta (Northern Region) ar8 overseen by the trustee board. Trustees are recruitea based upon the knowledge, skills and experience necessary for overseeing the affairs of the charity to ensure il is solvent. well run and achl8v95 the purposes for which It was established. The Trustees who served durlng the y8ar and up to the date of slgnature of the flnancial statements wer8: Mr Anthony Patterson Mr John Wright Risk Management The chadty holds assets on behalf of the Irish Association of the Sovereign Military Hospitaller of St John of Jerusalem, of Rhodes and of Malts. The risks associated wlth those assets are closely monltored by the Twstees with current trends being reviewed on an ongoing basis. The Trustees are satisfied that systems and procedures are in place to mitigate against exposure to the major risks. The flnancial statemonts woro approved by the trustoos and aulhorised for Issue on on their behalf by . and slgned J&ts Trustee Trustae Date: I
THE IRISH ASSOCIATION OF THE SOVEREIGN MILITARY HOSPITALLER ORDER OF ST JOHN OF JERUSALEM, OF RHODES AND OF MALTA (NORTHERN REGION) CHARTERED ACCOUNTANTS, REPORT TO THE TRUSTEES ON THE UNAUDITED FINANCIAL STATEMENTS OF THE IRISH ASSOCIATION OF THE SOVEREIGN MILITARY HOSPITALLER ORDER OF ST JOHN OF JERUSALEM, OF RHODES AND OF MALTA (NORTHERN REGION) We hav8 prepar8d for your approval th8 Unaudited Financial Statements of The lrfsh Association of the Sovereign Mllltary Hospitall8r Order of St John of Jerusalem. of Rhodes and of Malts (Northem Region) for the year ended 31st December 2024 from your accountlng records and from information and explanations you have given lo us. This report 18 made solely to the trustees of Th8 Irlsh Assoclatlon of th8 Sov8r8lgn Mllitary Ho8pltall&r Order of St John of Jerusalem, of Rhodes and of Malla (Northem Reglon). Ourwork ha5 been undertaken solely to prepare for your approval the financial ststements of The Irish Associallon of the Sov8rBign Military Hospitaller Order of St John of Jerusalem. of Rhodes and of Malta (Northern Region) and state those matters that we have agreed to state to the trustees of the IrI5h Association of the Sov8r8ign Military H05pltaller Order of St John of Jerusalern. ol Rhodes and of Malta (North9m Region), as a body, In thls r8port In accordance with th8 guidance of Chartered Accountants Ireland. To the full85t 8Xt8nt pemiitted by law, we do not accept or assum8 responsibllity to anyone other than The Insh Associatlon of the Soverelgn Militsry Hospitsller Order of St John of Jerusalem, of Rhodes and of Malta (Northern Reglonl and Its mernb8rs, a5 a body, for our work or for th15 report. We have carried out thls engagement In accordance wlth guidance18sued by the Institute of Chartered Accountants in Ireland and havg cornplied with the Rules of Professional Conduct and the ethical guidance lald down by the Institute. It is your duty to ensure that The Irish Association of the Sov8r8ign Militsry Hospltsller Order of St John of Jerusalem, of Rhodes and of Malts {Northem Region) has kept adequat8 accountlng records and to prepare the financial Statements that giva a true and falr vlew of the flnancial perforrnance of The Ir15h AssocSatlon of the Sovereign Mllitary Hospltallèr Order of St John of Jerusalem, of Rhodes and of Malta (Northern Region). You conslder that The Irish Association of th8 Sovèreign Military Hospitaller Ordèr of St John of Jerusalem. of Rhod85 and of Malta {Northern Region) is exempt from th8 audit requlrement for the period. We have not been instructed to carry out an audit of Th8 Irlsh Assoclation of the Sovèr8lgn Mllltary Hospitaller Order of St John of Jerusalem, of Rhodes and of Malta (Northern Region). For this reason, we hav8 not verlfied the accuracy or completeness of the accountlng records or information and explanatlons you hav8 given lo us and wè do not, therefore, èxpress any oplnlon on the financlal statements. Walsh O'Brien Hamett Chartered Accountants Date: 25 DECLARATION OF CLIENT We approve the financial statements and confim) that W8 are responsible for maklng available all relevant accountlng records and information to enable their compilalion. Trustee Trustee Date:
THE IRISH ASSOCIATION OF THE SOVEREIGN MILITARY HOSPITALLER ORDER OF ST JOHN OF JERUSALEM, OF RHODES AND OF MALTA (NORTHERN REGION) PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Income 107.813 102.473 Expenditure 1143.425) {119,185) Loss forth8 flnanclal year {35.612) {16.712) The financial statements were approved by the trustees and authorfs8d for 18su8 on thelr bèhalf by and slgned on Trustee Trusteè Date:
THE IRISH ASSOCIATION OF THE SOVEREIGN MILITARY HOSPITALLER ORDER OF ST JOHN OF JERUSALEM, OF RHODES AND OF MALTA (NORTHERN REGION) BALANCE SHEET AS AT31 DECEMBER 2024 2024 2023 Notes Flxed assets Tangible assets Investrn8nt property 7,703 130.000 17,121 130,000 137.703 147.121 Current assets Debtors Cash at bank 868 311,917 291.100 291.100 312,785 Creditors.. amounts fallSng duo wlthln ono year {4.509) Nèt currnnt as¥at• 286,591 312,785 Total assels less current Ilabllltlos 424.294 459,906 Members Funds 424,294 459,906 The financlal statements were approved by the trustees and authorised for issue on their behalf by '. Iij,,/to?g and signed on Truslee Trustee Date: , 20z g-
THE IRISH ASSOCIATION OF THE SOVEREIGN MILITARY HOSPITALLER ORDER OF ST JOHN OF JERUSALEM, OF RHODES AND OF MALTA (NORTHERN REGION) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollclos The princlpal accounting policies applied are as follow. 1.1 Accountlng convèntion The financial statements have been prepared under the historical cost convention, modified to include th8 revaluation of fr8ehold prop8rt18s and to Indude Investment properties and c8rtaln flnancial instruments at fair value. The principal accounting policies adopted are sèt oul as below. 1.2 Income and expendlture Incorne and expenses are included In the flnanclal statements as they become recelvable or due. Expenses Include VAT wher8 applicable as the charfty cannot reclalm It. 1.3 Tanglblo fixod a88ot8 Tanglble fixed assets ar8 Inltlally measured at cost and subs8qu8nlly measured at cost net of d8precl8tlon and any Impalmient Ioss8S. Depreclation Is recognised so as to wrlte off the Cost or valuatton of as88ts less thelr r8sldual values over th81r useful lives on the following bases.. Motor vehlcle5 10% Straight Line Th8 gain or Ios5 arising on the disposal of an asset is detemined as the difference between th8 sale proceeds and the carylng value of th8 asset, and 15 credlted or charged to proflt or loss. 1.4 Investment property Investment propgty Is initially recognlsed at market value. Subsequently it Is measur8d at cost net of any Impairmgnt105Se$. 1.5 Debtors Trad8 and other debtors are initlally recognised at fair value and thereafter stated at amortls8d cosl using the effective Int8r85t rate rnethod less impalmienl losses for bad and doubtful debts except where the effect of discounting would be immaterlal. In such cases. the receivables are stated at cost less irnpairment Iossas for bad and doubtful debts 1.6 Credltors Trade and other credltors are initially recognlsed at fair valua and thereafter stated at amortised cost uslng the effectlV8 intarest rate method. unless the effect of dlscountlng would be immaterial, in whlch case they are stated at cost.
THE IRISH ASSOCIATION OF THE SOVEREIGN MILITARY HOSPITALLER ORDER OF ST JOHN OF JERUSALEM, OF RHODES AND OF MALTA (NORTHERN REGION) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Tanglble flxed assets Motor Vehicles Cost At 1 January 2024 Disposals 161,910 (2,286) At 31 December 2024 159,624 Dopraclatlon and Impalrnient At 1 January 2024 Depreciation charged in the year Ellminated in re8p8Ct of disposals 144,789 9,192 (2,060) At 31 December 2024 151.921 Carrylng amount At 31 December 2024 7,703 At 31 December 2023 17,121 Investment property 2024 Falrvalue At 1 January 2024 and 31 December 2024 130,000 Debtors 2024 2023 Amounts falllng due wlthln one year: Debtors 868 Credltors: amounts falllng due wlthln one year 2024 2023 Creditors 4.509 Approval of financial ststements The trustees approved and authorised for issue the financial statements on the 11th of October 2025.