# 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<br>for12 months ended 31 March2025<br>Income and Expenditure Account<br>for 12 months ended 31 March 2025||||
|---|---|---|---|
||Notes<br>Notes|2025<br>2025|2024<br>2024|
|Income<br>Income||£<br>£|£<br>£|
|Subvention Income<br>Subvention Income||20,000<br>20,000|20,000<br>20,000|
|Donations<br>Donations||5662<br>5662|13,700<br>13,700|
|DFC<br>DFC||30,000<br>30,000|20,000<br>20,000|
|Department of Foreign Affairs Grant-Conflict Experience<br>£41,068Awarded - c/f year 2 -£20,000<br>Department ofForeign Affairs Grant- Conflict Experience<br>£41,068 Awarded —c/fyear 2 - £20,000||21,068<br>21,068|31,075<br>31,075|
|HLF Grant<br>HLFGrant||1,250<br>1,250|0|
|Sales&Services<br>Sales & Services||3,640<br>3,640|4366<br>4366|
|||81,620<br>~~ 81620.|89,141<br>89,141|
|||SE||
|Expenditure<br>Expenditure||||
|Salaries<br>Salaries||61,773<br>61,773|60,740<br>60,740|
|Book Fund<br>Book Fund|||20<br>20|
|Premises Expenses<br>Premises Expenses|2<br>2|11,050<br>11,050|10,666<br>10,666|
|Administration<br>Administration|3<br>3|10,422<br>10,422|12,235<br>12,235|
|Events<br>Events||2,415<br>2,415|4,468<br>4,468|
|Travel<br>Travel|||695<br>695|
|Grant Costs<br>Grant Costs||1,356<br>1,356|2,346<br>2,346|
|||87,016<br>~~ 87,016|91,170<br>91,170.|
|||SS||
|(Deficit/Surplus before adjustment for depreciation<br>(Deficit)/Surplus before adjustment for depreciation||-5,396<br>-5,396|-2028<br>-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<br>at 31st March 2025<br>Balance Sheet<br>at 31st March 2025||||
|---|---|---|---|
||Notes<br>Notes|2025<br>2025|2024<br>2024|
|||£|£|
|Fixed Assets<br>Fixed Assets|4<br>4|2,655,000<br>2,655,000|2,655,000<br>2,655,000|
|||rr||
|Current Assets<br>Current Assets||||
|Bank Accounts (including Deposit Account)<br>BankAccounts (including DepositAccount)||82,613<br>82,613|6,533<br>6,533|
|Debtors and prepayments<br>Debtors and prepayments|5<br>5|2,518<br>2,518|18,679<br>18,679|
|||85,131<br>"85,131|25,212<br>—-25,212,|
|Current Liabilities<br>Current Liabilities||||
|Accruals - Light & Heat<br>Accruals— Light& Heat||-|-1,154<br>-1,154|
|HMRC-PAYE<br>HMRC-PAYE||-2685<br>-2685|-1221<br>-1221|
|Department of Foreign Affairs Grant- Conflict Experience<br>£41,068 Awarded - c/f year 2 - £20,000<br>Department ofForeign Affairs Grant- Conflict Experience<br>£41,068 Awarded —c/fyear 2 - £20,000||20,000<br>20,000|0.00<br>0.00|
|HLFGrantUnspent<br>HLFGrant Unspent||44,825<br>44,825|0.00<br>0.00|
|||-67690|-2,375|
|NetCurrentAssets<br>NetCurrentAssets||17441<br>17441|24,058<br>24,058|
|||EN||
|Total Assets less Current Liabilities<br>Total Assets less Current Liabilities||267,2441<br>267,2441|2677,837<br>2677,837|
|||EE||
|Reserves Brought Forward<br>Reserves Brought Forward||2,677,837<br>2,677,837|2,679,865<br>2,679,865|
|Gain/Deficit<br>Gain/Deficit||-5396<br>-5396|-2028<br>-2028|
|Accumulated Reserves<br>AccumulatedReserves||2672,441<br>~ 2672,441|2,677,837<br>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. 

1. 1. 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<br>2025<br>2024<br>2.<br>Premises expenses<br>2025<br>2024|
|---|
|en|
|Heating oil<br>4237<br>5184<br>Electricity<br>2824<br>2481<br>Heating oil<br>4237<br>5184<br>Electricity<br>2824<br>2481|
|Security<br>1819<br>1578<br>Security<br>1819<br>1578|
|Repairs & maintenance<br>2170<br>1423<br>Repairs & maintenance<br>2170<br>1423<br>——<br>re<br>EE|
|11050<br>10666<br>11050<br>10666<br>ee|
|3. Administration<br>2025<br>2024<br>eee<br>3.<br>Administration<br>2025<br>2024|
|eee|
|Insurance<br>5551<br>5640<br>Insurance<br>5551<br>5640|
|Postage, stationary<br>250<br>396<br>Postage, stationary<br>250<br>396|
|General expenses<br>2147<br>2917<br>General expenses<br>2147<br>2917|
|Bank charges<br>132<br>112<br>Telephone&Internet<br>2342<br>3170<br>Bank charges<br>132<br>112<br>Telephone & Internet<br>2342<br>3170<br>eS|
|10422<br>12235<br>10422<br>12235|
|eee|



|4. Fixed assets<br>2025<br>2024<br>4.<br>Fixed assets<br>2025<br>2024|
|---|
|eeeeeeeeeeeSSSSSSFSSSSSSSSSSSSeeeee|
|Buildings<br>2,005,000<br>2,005,000<br>Buildings<br>2,005,000<br>2,005,000|
|Books & Periodicals<br>500,000<br>500,000<br>Books& Periodicals<br>500,000<br>500,000|
|Office Equipment<br>150,000<br>150,000<br>Office Equipment<br>150,000<br>150,000<br>——$OE<br>Ea eS|
|2,655,000<br>2,655,000<br>2,655,000<br>2,655,000<br>ee|
|5.Debtors andprepayment<br>2025<br>2024<br>5.<br>Debtors and prepayment<br>2025<br>2024|
|Gift Aid Accrued<br>2,518<br>2,518<br>GiftAid Accrued<br>2,518<br>2,518|
|Room Hire Due<br>1161<br>Room Hire Due<br>1161|
|DFC Grant Delayed<br>15,000<br>2,518<br>18,679<br>DFCGrant Delayed<br>15,000<br>a<br>ed<br>2,518<br>18,679<br>——$——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