Cardinal Cardinal Tomas Tomás Ó O Fiaich Fiaich
Memorial Memorial Library Library & Archive & Archive Trust Trust
A c c o u n t s for 12 m o n t h s e n d e d 31 March 2025 Accounts for 12 months ended 31 March 2025
Cardinal Tomas O Fiaich Memorial Library & Archive Trust Income and Expenditure Account Income and Expenditure Account for for 12 12 months ended 31 March months ended 31 March 2025 2025 Cardinal Trust Tomás Ó Fiaich Memorial Library & Archive
| Income and Expenditure Account for12 months ended 31 March2025 Income and Expenditure Account for 12 months ended 31 March 2025 |
|||
|---|---|---|---|
| Notes Notes |
2025 2025 |
2024 2024 |
|
| Income Income |
£ £ |
£ £ |
|
| Subvention Income Subvention Income |
20,000 20,000 |
20,000 20,000 |
|
| Donations Donations |
5662 5662 |
13,700 13,700 |
|
| DFC DFC |
30,000 30,000 |
20,000 20,000 |
|
| Department of Foreign Affairs Grant-Conflict Experience £41,068Awarded - c/f year 2 -£20,000 Department ofForeign Affairs Grant- Conflict Experience £41,068 Awarded —c/fyear 2 - £20,000 |
21,068 21,068 |
31,075 31,075 |
|
| HLF Grant HLFGrant |
1,250 1,250 |
0 | |
| Sales&Services Sales & Services |
3,640 3,640 |
4366 4366 |
|
| 81,620 ~~ 81620. |
89,141 89,141 |
||
| SE | |||
| Expenditure Expenditure |
|||
| Salaries Salaries |
61,773 61,773 |
60,740 60,740 |
|
| Book Fund Book Fund |
20 20 |
||
| Premises Expenses Premises Expenses |
2 2 |
11,050 11,050 |
10,666 10,666 |
| Administration Administration |
3 3 |
10,422 10,422 |
12,235 12,235 |
| Events Events |
2,415 2,415 |
4,468 4,468 |
|
| Travel Travel |
695 695 |
||
| Grant Costs Grant Costs |
1,356 1,356 |
2,346 2,346 |
|
| 87,016 ~~ 87,016 |
91,170 91,170. |
||
| SS | |||
| (Deficit/Surplus before adjustment for depreciation (Deficit)/Surplus before adjustment for depreciation |
-5,396 -5,396 |
-2028 -2028 |
Cardinal Cardinal Tomas Tomás Ó Fiaich Memorial Library & Archive O Fiaich Memorial Library & Archive Trust Trust Balance Sheet at at 31st March 2025 31st March 2025 Balance Sheet
| Balance Sheet at 31st March 2025 Balance Sheet at 31st March 2025 |
|||
|---|---|---|---|
| Notes Notes |
2025 2025 |
2024 2024 |
|
| £ | £ | ||
| Fixed Assets Fixed Assets |
4 4 |
2,655,000 2,655,000 |
2,655,000 2,655,000 |
| rr | |||
| Current Assets Current Assets |
|||
| Bank Accounts (including Deposit Account) BankAccounts (including DepositAccount) |
82,613 82,613 |
6,533 6,533 |
|
| Debtors and prepayments Debtors and prepayments |
5 5 |
2,518 2,518 |
18,679 18,679 |
| 85,131 "85,131 |
25,212 —-25,212, |
||
| Current Liabilities Current Liabilities |
|||
| Accruals - Light & Heat Accruals— Light& Heat |
- | -1,154 -1,154 |
|
| HMRC-PAYE HMRC-PAYE |
-2685 -2685 |
-1221 -1221 |
|
| Department of Foreign Affairs Grant- Conflict Experience £41,068 Awarded - c/f year 2 - £20,000 Department ofForeign Affairs Grant- Conflict Experience £41,068 Awarded —c/fyear 2 - £20,000 |
20,000 20,000 |
0.00 0.00 |
|
| HLFGrantUnspent HLFGrant Unspent |
44,825 44,825 |
0.00 0.00 |
|
| -67690 | -2,375 | ||
| NetCurrentAssets NetCurrentAssets |
17441 17441 |
24,058 24,058 |
|
| EN | |||
| Total Assets less Current Liabilities Total Assets less Current Liabilities |
267,2441 267,2441 |
2677,837 2677,837 |
|
| EE | |||
| Reserves Brought Forward Reserves Brought Forward |
2,677,837 2,677,837 |
2,679,865 2,679,865 |
|
| Gain/Deficit Gain/Deficit |
-5396 -5396 |
-2028 -2028 |
|
| Accumulated Reserves AccumulatedReserves |
2672,441 ~ 2672,441 |
2,677,837 2,677,837. |
Cardinal Tomas O Fiaich Memorial Library & Archive Trust Notes to the accounts for 12 months ended 31 March 2025 Notes to the accounts for 12 months ended 31 March 2025 Cardinal Tomás Ó Fiaich Memorial Library & Archive Trust
Principal Principal accounting accounting policies. policies.
-
- Asummary A summary of the more important accounting policies adopted are set out of the more important accounting policies adopted are set out below. below.
a) a) Accounts Accounts
Income Income from from donations is credited on a cash basis, while expenditure is charged on donations is credited on a cash basis, while expenditure is charged on the the accrual accrual basis. basis. Bank Bank Interest receivable is accounted for on the accrual's Interest receivable is accounted for on the accrual’s basis. basis.
b) b) Fixed Fixed assets assets The The cost cost of tangible fixed assets is their purchase cost, together with any incidental costs of tangible fixed assets is their purchase cost, together with any incidental costs of of acquisition. The The fixed fixed assets were revised during the year ending 31st March 201 to account for assets were revised during the year ending 31° March 201 to account for current current market value. market value. acquisition.
c) Grants c) Grants Grants that relate to specific capital expenditure are treated as deferred income. The grants are are being released to income and expenditure account over the related assets useful life. being released to income and expenditure account over the related assets useful life. Revenue Revenue grants grants are credited to income as they are received or fa are credited to income as they are received or fall l due. due. Grants that relate to specific capital expenditure are treated as deferred income. The grants
| 2. Premises expenses 2025 2024 2. Premises expenses 2025 2024 |
|---|
| en |
| Heating oil 4237 5184 Electricity 2824 2481 Heating oil 4237 5184 Electricity 2824 2481 |
| Security 1819 1578 Security 1819 1578 |
| Repairs & maintenance 2170 1423 Repairs & maintenance 2170 1423 —— re EE |
| 11050 10666 11050 10666 ee |
| 3. Administration 2025 2024 eee 3. Administration 2025 2024 |
| eee |
| Insurance 5551 5640 Insurance 5551 5640 |
| Postage, stationary 250 396 Postage, stationary 250 396 |
| General expenses 2147 2917 General expenses 2147 2917 |
| Bank charges 132 112 Telephone&Internet 2342 3170 Bank charges 132 112 Telephone & Internet 2342 3170 eS |
| 10422 12235 10422 12235 |
| eee |
| 4. Fixed assets 2025 2024 4. Fixed assets 2025 2024 |
|---|
| eeeeeeeeeeeSSSSSSFSSSSSSSSSSSSeeeee |
| Buildings 2,005,000 2,005,000 Buildings 2,005,000 2,005,000 |
| Books & Periodicals 500,000 500,000 Books& Periodicals 500,000 500,000 |
| Office Equipment 150,000 150,000 Office Equipment 150,000 150,000 ——$OE Ea eS |
| 2,655,000 2,655,000 2,655,000 2,655,000 ee |
| 5.Debtors andprepayment 2025 2024 5. Debtors and prepayment 2025 2024 |
| Gift Aid Accrued 2,518 2,518 GiftAid Accrued 2,518 2,518 |
| Room Hire Due 1161 Room Hire Due 1161 |
| DFC Grant Delayed 15,000 2,518 18,679 DFCGrant Delayed 15,000 a ed 2,518 18,679 ——$——S |
Cardinal Tomás Ó Fiaich Memorial Library & Archive Trust Cardinal Tomas O Fiaich Memorial Library & Archive Trust Independent Independent Examiner’s Examiner's Report for period ending 31 March Report for period ending 31 March 2025 2025 | have reviewed the financial statements of the Cardinal Tomads 0 Fiaich Memorial Library & Archive Trust for the period ended 31 March 2025 which comprise of the Income & Expenditure account and Balance Sheet. | confirm that all sources of income have been properly accounted for and | have reviewed the bank account transactions. In my opinion the society’s reporting is entirely entirely reliable and accurate. reliable and accurate. Signed >a he Date SO(06/ ras signed trahor I have reviewed the financial statements of the Cardinal Tomás Ó Fiaich Memorial Library & account and Balance Sheet. I confirm that all sources of income have been properly accounted for and I have reviewed the bank account transactions. In my opinion the society's reporting is Archive Trust for the period ended 31 March 2025 which comprise of the Income & Expenditure