Charity registration number NIC102618 Company registration number N1171120 THE SPIRIT OF PAUL MCGIRR A COMPANY LIMITED BY GUARANTEE. NOT HAVINGA SHARE CAPITAL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 AUGUST 2023
THE SPIRIT OF PAUL MCGIRR A COMPANY LIMITED BY GUARANTEE, NOT HAVING A SHARE CAPITAL CONTENTS Page Legal and adminislralive information Truslees report Independent examinerfs report Statement of finanaal activities Balance sheet Notes to the finanual statemenls 10-15
THE SPIRIT OF PAUL MCGIRR A COMPANY LIMITED BY GUARANTEE, NOT HAVING A SHARE CAPITAL LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr M H McGirr Mr F Donnelly (Appuiiileij 29 Seyleilibei" 2023) (Appoinled 29 September 2023) (Appainled 29 Seplember 2023) (Appointed 29 September 2023) (Appointed 14 April 2025) Mr B Maguire Mrs f McCJirr Miss Sioned McGirr Miss A Conway Secretsry Martin Mccann (Resigned 29 September 2023) Charity number NIC102618 Company number N1171120 Registered office 73 Dooish Road Dromore Co. Tyrone BT78 3BA Northern Ireland Independent examiner Moore IN.1.) LLP 32 Lodge Road Coleraine Co. Londonderry Northem Ireland BT52 1NB Bankers AIB Main Street Ballyshannon Co. Donegal
THE SPIRIT OF PAUL MCGIRR A COMPANY LIMITED BY GUARANTEE, NOT HAVING A SHARE CAPITAL TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2023 The -I"ruslees present their annual report and fi"nanaal statements tor the year ended 31 Aug(5s12023. The financial statements have been prepared in accordance with the accounling policies set out in note 1 to the financial statements and comply with Ihe Charills Memorandum and Articles of Association. the Companies Act 2006 and "Accounting and Reporting by Chari118s: Statement of Recommended Practice applicabla to charitie8 preparing their accounls in accordance wilh the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102)" (effective l January 2019). Objectlves and activities The purposes of the charity as set out in its governing documenL The objectives of the Company shall be to provide development and support to the communities in Zambia for Ihe rui IlieidliLe uf IliE ieliel o)r puvei ly, Ilie <qdvdiiLeiiieril uf eduLdliuTI diid ulliei Lli<irilable puipuseb by erigciging in community development programmes lo provide improved educational and other facilities so as lo enhance future opportunities and developmenl for people in 7.ambia The main actlvltles undertaken In relatlon to those purposes In the year During the year the charity undertook to build a new secondary school for the community in Lusaka. Dor)ations were received. Various building materials were purchased and shipped to the legion to enable the work lo commenGe. A team of individuals travelled lo Lusaka lo oversee the progress. Thg following is a summary of the different strands of work we are currantly involved in. 1 Build a secondary school for 400 thildren in Chainda. 2 Establish a Pre and Post-natal children nutritional dinic for expectant mothers from Chainda compound and local district. 3 Link QUB Belfasl to UNZA, the Teaching Hospital of Lusaka. 4 Expand our Primary school in the parish to accommodate 250 children. 5 Install a watei pump. sland and lank system foi both of our feedei Ptimary schools and our Secondary school. 6 Construct a metalwo. woodwork and conslruclion ntre for practical learning and education on our secondary school site. The charity raises funds in Northern Ireland but the charitable works are carried out in Zambia. Public benefil The Trustees have paid due regard lo guidance issued by the Charity CommissK)n in deciding what activilies the Charity should undertake.
THE SPIRIT OF PAUL MCGIRR A COMPANY LIMITED BY GUARANTEE, NOT HAVING A SHARE CAPITAL TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2023 The Co-ordlnaiors have secured 7 dLies vf laiid from a private family. close to the Community ntrC and St Teresa's Primary School in Ch2inda. The land registry deeds for this land are lodged with the SMA Tyrone School. Our intention is to build a non-denominalional, all abiliiies. secondary school for up to 1,0 children, boys and girls. Currently, in the compound, there are places available for 15°h _ 200A of the children that are eligible lo go to secondary school. In many cases the families of these children cannot afford to pay fees or Iravelling costs to the few secondary schools in the city. This situation compounds the already significant problems and lack of oplions available to these children and young adults in regards to basic post primary education, personal health, life skills, career skills and availability of post 16year education choices. We liave a successftjl primary SGhool in Tere38'8 and therc arc other primary schools within 1.5km that teach the children from the nearby Compounds. Per student place, secondary schools are expensive lo start up but can make money as a business wilhin 5 years. the profits are then used to improve the school reSoUrS and offer bursaries to the kids from less well-off families and the compounds. Currently Sr Clare are drawing up 3 and 5 year plans for both schools. Queens Uni Belfast, medical school are coming on board with medical support for our Chainda children. The basic school structure is similar lo Jim Bradys school on the T2 at MOOMBA . A single story building buill around a central courtyard with a high wide veranda and strict access in and out past the Principals office. The initial phase will cater for 400 sludenls in 13 classrooms and construclion skills rooms. We will teach basic languages. maths, sciences. computers. home economiGs. personal development and health, sport, music and drama. The site requires the following conslruction projects completed, whether we have 100 children or 1.000. '400 melres of safely perimeter wall and safety gates. 'Safe car drop off areas and traffic management, 'Upgrading of adjacent fool palhs, 'Staff car and bike parking. 'Teacher accornmodation block. We intend catering for 1st year children this January with numbers growing in every term as facilities grow. We will have a cash shortfall until sludent numbers are over 150. So the sooner we get facilities in place the sooner the charity will run the way we foresee it, and be able to offer real meaningful bursaries to Ihe poorest children in the compound lo sel them on a life course Ihal they can only dream off. up to now. Thp. Spirit of Paul McGirr do not work anywhere else in Africa-. we are dedicated to this community, we know the community leaders the rascals and rogues, we have employed most of them, we have a sellled team of builders and electriciar)s there for the last 18 monlhs. We are in conlrol of all the finances in the secondary school project and we gel conslanl information and feedback from the Principals and our fulllime Accountant.
THE SPIRIT OF PAUL MCGIRR A COMPANY LIMITED BY GUARANTEE, NOT HAVING A SHARE CAPITAL TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2023 Achievements anu perfomiance Significant activities and achievements against objeclives During the year the donations received enabled us to continue to undertake the current secondary school building project. lo add lo the successful build of the Tyrone school. Ihe services and activities provided in previous years by the new primary school hav8 benefited local Ghildren. and thcir parcnl- These setvices have offered educational opportunities for children in the area, and also enable their paienls to go oul and work. The secondary school will provide much needed additional education support to the older children in the area. This has a double impact of helping to develop the literacy of Ihe communily, and the economic circumstances of families. 80th of these are key foundations to raising Ihe standard of living for the community, and the region as a whole. Fundrnising pr8clices The charity relies on the donations from the donors identified as required in the accounts, whose support IS Valued. Flnancial review The trustees consider the finanaal perfomiance by the charity during the year lo have been satisfactory. Donations and income of £54,910 were received. wilh expendilure of £56.025 resulting in a deficil of £600. The main expenditure was on the new secondary school whith continued its constnjction during the year, as well as travel cosls lo area. Reserves policy The trustees monitor reserves, the Iruslees understand the importance of continuing fundraising aclivales in order to build reserves lo an appropriate level. The chartty aims to hold iesetves of £10,000 depending on the timing of donations received. However in resull of covid-19, level of donations was reduced and reserves utilised. the charily is currently trying to build these reserves back up. Plans for future periods Future plans are that the charity aims to continue its fund raising aclivilies Successfully to enable it lo offer the seNices it currently offers lo the people of Lusaka. through the continued construction of the secondary school. Plans also include that all efforts will continue to be made lo ensure that records of Ir2nsae.tions are obtained and kept, as far as practicable. Structure, governance and management The Charity is a company limiled by guarantee, nol having a share capital. The Trustees, who are also the directors for the purpose of company law. and who served during the year and up lo tlie dale uf signature of the financial slatemenls were= Mr M Mccann {Resigned 29 September 2023) Ms Katrina McGirr (Resigned 29 Sepiefflber 2023) Mr M H McGirr Mr G P O'Donnell Mr F Donnel Mr B Maguire Mrs G McGlrr Misq Sioned McGirr Miss A Conway (Resigned 29 Seplember 2023) (Appointed 29 September 20231 (Appoinled 29 September 2023) (Appoinled 29 Sepiember 2023) {Appoinled 29 September 2023) (Appointed 14 April 20251
THE SPIRIT OF PAUL MCGIRR A COMPANY LIMITED BY GUARANTEE, NOT HAVING A SHARE CAPffAL . TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (coKllNUED) FOR THE YEAR ENDED 31 AUGUST2023 Re(yui&Thnt 8nd Bppolnbnwrt offnth8S None of the Trustee5 has 8ny benofidal (nIt in thè o)rnpary. All Tntstses ae rk ts rxxryiary. , , and guarantee to conknlxrt8 £1 in the event of a yna¥j up. Organisatth8lstn Tre Spirtt of Paul Mcclff Is gOV•m by It5 plenn Afllges o¥Assl8 2XiB..It registered th the Charfty Comrt4sslon for Northem Ireland on 30th W 2015. The Trustee5 rewt S appro1 ty the Bowd of Tn&s. MrMHMcGhr. 30 Oc*ober 2025
THE SPIRIT OF PAUL MCGIRR A COMPANY LIMITED BY GUARANTEE, NOT HAVING A SHARE CAPITAL INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SPIRIT OF PAUL MCGIRR I report lo the Trustees on my examination of Ihe financial statements of The Spirit of Paul McGifr (the Charily) for the year ended 31 Augusl 2023. Responsibilities and basis of report The trustees, who are also the directors of The Spiril of Pdul MLGirr for the purposes of company law, are responsible for the preparation of the accounts in accordan wilh the requirements of the Companies Act 2006. Having satisfied myself thal the charity is nol subject to audit under cA)mpany law, and is eligible for independent examination, it is my responsibility to= examine the accounts under seclion 65 of the Charities Act rulluw Ilie procedures laid down In the general Directions given by the Lharily Lommission for Northern Ireland under section 65{9){b) of Ihe Charilies AGI state whether particular matters have come to my attention. Basis of independent examinerfs statement I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general directions given by the Charity Commission for Northern Ireland under section 65(9){b) of the Charilies Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounls presented with those records. It also included consideration of any unusual items or disclosures in the acGouiils. and seeking expldlldliuris fiotn you as charity trustees conceming any such matters. My role is to stale whether any material matters have come to my attention giving us cause to believe= That accounting records were not kept in accordance with section 386 of the Companies Act 20C That the accounts do not accord with those accounting Tecords That the accounts do nol comply with the accounling requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland That there is further informalion needed for 8 proper understanding of Ihe accounts to be reached. Independent examiner's qualified statement I can confirm that l am qualified lo undertake the examination because l am a registered member of Chartered Accountants Ireland which is one of the listed bodies. I have completed my examination and I believe Ihal attention should be drawn to the following matters. I have identified matters of concern that give me reasonable cause lo believe that the accounts prepared for Ihe company are not fully complianl with the accounting requirements of seclion 396 of Companies Act 2006 and have not been prepared fully in accordance wilh the methods and principles of Ihe Statemenl of Recommended Practice for accounting and reporting by charities. The Trustees have prepared a Statement of Financial AclivFlies incorporating an income and expenditure account. However sufficient records have not been maintained. It was difficult lo allocate opening funds with certainly between reslricled and unrestricted funds and this also impacted the financial statements for the year ended 31 August 2023. All funds have been treated as unrestricted. Whilst the charity operates a current bank account, we understand that the bank will not pemit the trustees to transfer funds abroad to help finance the building of a school in Zambia. This means that monies have been transferred directly to the bank accounts of Irusiees and a business of one of the trustees. The Iruslees have then transferred the funds abroad. During the year £79.374 was transferred from the charity's bank account to Iruslee bank accounts. Given exchange rate differences it has been difficult to lie up payments exactly from the charity bank account (via Ihe trustees. bank accounts) lo the bank account in Zambia. In addition, one of the trustees and a former truslee advanced some of their own funds to the charily. Al Ihe year end £11,771 was owed to a former Iruslee.
THE SPIRIT OF PAUL MCGIRR A COMPANY LIMITED BY GUARANTEE, NOT HAVING A SHARE CAPITAL INDEPENDENT EXAMINER'S REPORT (CONTINUED) TO THE TRUSTEES OF THE SPIRIT OF PAUL MCGIRR Records of income and expenditure have been maintained for examination but these are incomplete. The charity has recorded income from donors tolalling £54.410 but limited documenlation has been retained to confirm origin. Whilst the accounts have been prepared on the going concern basis. at 31 Auqust 2023 the charily's total funds were overdrawn by £600, all of which were unrestricted. The charity was reliant on financial support from a fomier trustee. The oulslanding balan due lo them al 31 August 2023 was £11,771. The Iruslees are content Ihat this situalion is temporary and have prepared the accounts on a going COnM basis. I confimi thal there are no other matters to bring to your attention. R J , FL JJJW-- Dr R I Peters Gallagher OBE FCA for and on behalf on Moore {N.I.) LLP Chartered Accounlanls 32 Lodge Road Coleraine Co Londonderry Northern Ireland BT52 1NB Dated.. 30 October 2025
THE SPIRIT OF PAUL MCGIRR A COMPANY LIMITED BY GUARANTEE, NOT HAVING A SHARE CAPITAL STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2023 Unrestricted funds 2023 Unrestricted funds 2022 Notes Income from.. Donations and legacies Fundraising 54,410 500 66,863 9,335 Total income 54,910 76.198 Expenditure on: Charitable activities 56,025 61,139 Total expenditure 56,025 61,139 Net incomel{expenditurel and movement in funds (1,1151 15.059 Reconciliation of funds: Fund balances at 1 Seplember 2022 515 (14.544) Fund balances at 31 August 2023 16001 515 The slalement of financial actiwlies includes all gains and losses recognised in the year. All income and expenditure derive from continuing adivities.
THE SPIRIT OF PAUL MCGIRR A COMPANY LIMITED BY GUARANTEE, NOT HAVING A SHARE CAPITAL BALANCE SHEET ASAT31 AUGUST2023 2023 . 2022 Noto• Current 4SOtb Debtors Cash atbank and In hand 14A71 Credltorts: amounts fAlllng due wltiilD one year 14471 13 13,30Q) (3,300) . Nèt ourrent 4è80ts ' Crndltor6: amounts falllng duo aft•r morn than on• year 14 (11.n4> Ilot (118bllltlesya88ets (600). 5.15 The funds oftho Chatlty Unre5tricled fvnds '... 15 <800) 515 (600) The o)mpany is entilted to the exampllon from the audit requlrement Contained In section 477 of.the Companl¢s Act 2006, for the year ended 31 August 2023, The diredors acknedge thr responslbllltlos for complylng y1h the requlrements of the Coropan. les Act 2006;.. wth respeca to aoUnting rerdS and the preparation of finandal statements.. Th6 members have not required the company to obtsln an audlt of Its fjnanaal slatements for Ihe y.ear.in.quesllon in x- aC)rdanc9 vllh sectton 476. These financial ststements have been prepared In accordance Y41th the provislons appllcabla to comi)anles subjert,: to th& small companies regSme. The finandal sfatements were approved by the Truste8s on 30 Octotier2025 Mrm H McGlff Company registralion number N1171120 (Northem Ireland)
THE SPIRIT OF PAUL MCGIRR A COMPANY LIMITED BY GUARANTEE, NOT HAVING A SHARE CAPITAL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST2023 Accounting policies Charity inforniation The Spirit of Paul McGirr is a private company limiled by guarantee incorporated in Northem Ireland. The registered office is 1.1 Accounting convention The financial slalements have been prepared in accordance with the Charity's governing documenl, the Companies Act 2006. FRS 102 'The Financial RetK)rting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FKS 102)" I he Lharily is a Public Benefit Entity as defined by FRS 102. The Charity has taken advantage of the provisions in Ihe SORP for charities not to prepare a slatement of cash flows. The financial statements are prepared in sterling. which is Ihe functional currency of the Charity. Monetary amounts in these financial stalemenls are rounded to the nearest £. I he finanaal slalements have been prepared under the historical cost convention, Imodified lo indude the revaluation of freehold properties and to include investment properties and certain financial instruments at fair valuel. The principal accounling policies adopted are set oul below. 1.2 Going concern These financial statements are prepared on the going concern basis. Therefore Trustees have a reasonable expectation Ihal the Charity will continue in operalional existence for the foreseeable future. The chafily relies on continuing support from trustees. 1.3 Charitable funds Unreslricled funds are available for use at the discretton of the Trustees in furtherance of their charitable objectives. Reslficled funds are subject to specific condilions by donors or grantors as lo how they may be used. The purposes and uses of Ihe restricted funds are sel out in the noles lo the financial statements. Endowment funds are subject to specific condth-ons by donors that Ihe Capital must be maintained by the Charity. 1.4 Income Income is recognised when Ihe Charity is legally entilled lo it after any perfomiance conditions have been met, the amounts can be measured reliably. and il is probable that income will be received. Cash donations are recognised on receipt. Other (lonations ale recognised On the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation lo donations received under Gtft Aid or deeds of covenant is recognised at the lime of the donation. Legacies are recognised on receipt or olheThiise if the Charity has been notified of an impending dislribulion. the amount is known, and receipt is expected. If the amount is not known, the legacy is Irealed as a conlingenl asset. 10-
THE SPIRIT OF PAUL MCGIRR A COMPANY LIMITED BY GUARANTEE, NOT HAVING A SHARE CAPITAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Accountlng pollcies {Ctsntinuedl 1.5 Expenditure Expenditure 15 recognised once there is a legal or constructive obligation lo transfer economic benefit lo a third party. it 18 probablo that a transfer of economic benefits will be required in settlement. and the amniinl nf the obligation can be measuied reliably. Expenditure is Classified by activity. The costs of eath activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activily. Direct costs allributable lo a single acllvlty are allocated diivGlly lo Ilial aGtivity. ohared costs which contribute to more than onc aolivily and support costs which are not attribulable lo a single activity are apportioned between those activities on a basis consistent with the use of resources. f.p.ntrAI slAff costs are allocated on the basis of lime spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held at call with banks. olher short-term liquid investments wilh original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.7 Financsal instruments The Charliy has elected Iu dpply Ilie provisions of Section 11 'Dasic Financial Instruments, and Scclion 12 'Other Financial Instrumenls Issues. of FRS 102 to all of its financial inslrumenls. Financial inslTuments are recognised in the Charilrfs balance sheet when the Charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in Ihe financial statements, when there is a legally enforceable right to set off the reGognised amounts and there is an intention to settle on 2 net basis or lo realise the asset and settle the liabilily simultaneously. Basic financial assets 82sic financial assels, which include debtors and cash and bank balances, are initially measured at transaction price including Iransaclion costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the Iransaclion is measured al the present value of the fulure receipis discounted al a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constilules a financing transaction. where the debt inslrument is measured at the presenl value of Ihe future payments discounted at a market rate of interest. Financial liabilities classified as payable wilhin one year are not amortised. Debt instruments are subsequenlly carried at amortised cost. using the effective interest rate method. Trade creditors are obligation.g to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due wilhin one year or less. If not, Ihey are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequentSy measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the Charily's contractual obligations expire or are discharged or cancelled. 11
THE SPIRIT OF PAUL MCGIRR A COMPANY LIMITED BY GUARANTEE, NOT HAVING A SHARE CAPITAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Accountlng policies (Continued) 1.8 Employee benefits The cost of any unused holiday entillement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the Charily is demonstrably committed to terminate Ihe employment of an employee or to provide temiinalion benefits. Critical accounting estimates and judgements In Ihe application of the Charily's accounting policies. the Trustees are required to make judgements, estimates and assumptions aboul the carrying amount of assels and liabililies that are not readily apparenl from other sources. The eslimales and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The eslimales and undedying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognisèd in Ihe period in which Ihe estimate is revised where the revision affects only that period, or in the period ol the revision and future periods where the revision affects both current and future periods. Income from donations and legacies Unrestricted Unrestricted funds funds 2023 2022 Donations and gifts 54.410 66.863 Income from other trading a¢tivities Unrestricted Unrestri¢ted funds funds 2023 2022 Fundraising events 500 9,335 12
THE SPIRIT OF PAUL MCGIRR A COMPANY LIMITED BY GUARANTEE, NOT HAVING A SHARE CAPITAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Expenditure on Gharltable actlvltle5 2023 2022 Direct costs Advertising Hire of equiplment Bank charges Surplusl deficit on exchange New school project Software 54 432 137 432 134 53,647 12 58,708 54,225 59,339 Share of support and governance costs (see note 6) Governance 1,800 1,800 56,025 61,139 Analysis by fund Unrestricted funds 56,025 61,139 Support Gosts allocated to activities 2023 2022 Governance 1,800 1.800 2023 2022 Governance cosls comprlse: Accountancy 1,800 1,800 1,800 1,800 Net movement in funds 2023 2022 The nel movement in funds is stated after chargingl{crediling)= Fees payable for the independent examination of the charilvs financial statements 1,800 1,800 13-
THE SPIRIT OF PAUL MCGIRR A COMPANY LIMITED BY GUARANTEE, NOT HAVING A SHARE CAPITAL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Trustees None of the Trustees {or any persons connected with them) reiVed any remuneration or benefits from the Charity during the year. Employees The average monthly number of employees during ihe yearwas: 2023 Number 2022 Number Total There were no employees whose annual remuneration was more than £60,000. 10 Taxation The charity is exempt from taxation on ils activities because all its income is applied for charitable purposes. 11 Debtors 2023 2022 Amounts falling due within one year". Olher debtors 14,293 12 Loans and overdrafts 2023 2022 Loan from former truslee q1,771 11,771 Payable aftei one year 11,771 11,771 The balance of loans owed to former Iiustee Fionnuala Collon al the year end was £11,771. It has been agreed that Ihis will be repaid when the charity has available funds. 13 credito.. amounts falling due within one year 2023 2022 Other creditors Accruals and deferred income 1,800 1,500 3.300 3,300 3.300 14-
THE SPIRIT OF PAUL MCGIRR A COMPANY LIMITED BY GUARANTEE, NOT HAVING A SHARE CAPITAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 14 Creditors: amounts falling due after more than one year 2023 2022 Loan from former trustee 11,771 11,771 15 Unrestricted funds The unreslricled funds of the Gharily comprise the unexpended balances of donalions and giants which are not subject lo specific condllions by donors Lirid gidiilvis as lo liow tliey may be used. These include designated funds which have been set aside oul of unreslticled funds by the trustees for speafic purposes. At1 September 2022 Incomlng resources Resources At 31 August expended 2023 Lusaka, Zambia 515 54,910 (56,025) 1600) Previous year: At1 September 2021 Incoming Tesources Resources At 31 August expended 2022 General funds (14,544) 76,198 {61.139) 515 16 Related party transactions Al the start of the year the opening balance of the interesl free loan prowded by a former Iruslee to the charity was £11,771. This balance of loan owed was from Fionnuala Colton who resigned on 15th January 2022. It has been agreed that this will be repaid when Ihe charity has the available funds. This amount is included in the creditors section in the balance sheet. During the year the charity transferred £37,700 to trustee Michael McGirr. Michael, subsequently transferred £37,700 to SMA Fathers in Zambia. At the start of the year the balance owed by Michael McGirr lo the charity was £13.673. this balance was paid off in full during the year. Jones McGirr & Co Ltd, a company that Michael has a controlling interest in, at the beginning of the year the company owed £620. This balance was repaid in fijll during Ihe year. During the year £15,850 was transferred to Injslee Frankie Donnelly for the construction of Tyrone School Zambia. which is located in Lusaka. Zambia. The bank will not permil the charity to transfer funds abroad. 15-