AIINLWL f•poRTMD UIIAUDITED FIP4ANCL4L 8TATEMENT8
THE IRISH GROUSE CONSERVATION TRUST CONTENTS Chgrity Infonnall 10-15
THE IRISH GROUSE CONSERVATION TRUST LEGAL AND ADMINISTRATIVE INFORMATION Dlw•otor• John Cunnlngh•m Adrlan Morr The Hon 8hano NeI Gllb•rt Jonath4n Crawlord Old Cunnirvjh (Appointed 10 Jun0 2022) Evelyn Nall1 Chrfty NIC103491 Nl(k81855 BwlnM• •ddrM• 2 Casuo L•n• CoAfilrfm 8T44 OBD BT15G8 Moorn (N.I.} LLP 8T1508 8•nk•rn D•nkn Bank Ltd PO Box 183 Dorw 8war• BT1 fA18 8alhllor• Fullon Rankln 50 Bodfrjrd 8tr88t
THE IRISH GROUSE CONSERVATION TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2023 Tho TnJ5tees present Ihelr report and accoun1$ for Ihe year erthd 31 March 2023. The accounts have boen prepared in acxordanca wilh th• ac&)unting poliues set out in note 1 to thè accounts and caxnpty with th8 Trusvs Memorandum and Artlcles ofAssoa1LOn, the Compante8 Act 2006 and 'Acxountlng and Reportlng by Charltl88.' Ststement of RecoMm9red Pra¢li¢e appllcAbie to carlttos preparing thelr aOunt9 In accordance with the FInan81 Reporting Standard appll¢•blo In tho UK and Republlc of Ireland {FR8 102)° (as amended for accountlng perlods commencing fmm 1 January 2016) ObJ•ollv•• and Aallvlll Th8 Trusfs objec1$ as sot out In the Momorondum and Artrjes of ASsodaon are to conserve the dopletod grou8a populatlons and thelr natural upland habltats In Iraland. 113CT Alm• IGCTS aims aro a8 follows: - To ¢yeate a 8UStalnablo and 8b10 Gmu•• Moor, whllo at the Ilm• Imprthdng habitat •nd blodfverslty for othw uplond 8pecAa8. - To In1 and help re8ofve th• k)ngstsndlng h•n h•Thl•rlr•d grou8• d•b•t• on the bqsls of In •qu•l parlnw•Np ol altrinlernsted partlgs. . - To reA80 awaron•s8." Th• IGCT alms to educat• d•mon•traio b•8t pracllc• In upknd managomont In partn¢rnhlp wilh DAERA IGro•nmont Agdcultur•l Coll¢g•>. . A vAndcM of opportunlty exllts to form partnernhips lth Iqnd owner8, govemmont bodl•8 •nd oth•rn to knpro farniing pra¢o8 and ¢>Jn8ervatlon, and hdp fijlfil EU obJ•th•$ spodno to Ireland tog•th•r wllh UK obl•clI. Aohl•v•nwnts and prformin Th• IGCT created a unlqu• patharnhlp In I Unllod Kkngdom conloxt wlth the Department of AgIllY, EnvlnJnm8nt & Rural D•v•bpm•nt {DAERA), th• RSPB, the Northern Ireland Enthnmorrt Agerry {NIE4) and local stak•holdw8. Th18 group 18 called th• GnWh9nY HeathLqnd Regeneratlon Partnershlp, wllh IGCT reprèwtallon from both lan GIdInning (MAn&glng Dlreclor) and M8rfln B¢cker(GamokoyI). Th• GHRP meets quArtorty and Itnall••d o Mats Plan, whlch wa ar• In eur Nlnth yur of. The MAr Plan alm8 to Infonn and ff nacaMry, dwng• Th•Tht OAERA pollw r•g•rdlng th•lr Caunty8kl• Manapmént Schem• {CM8), whkth bs curr•nty mllod out throughout Norlhem IrelAnd on a unl10 buls. Tho cuThent CMS do88 not tske into constderallon habllat m8nagBmont wadlce3 for Iho regoneratlon ol Grouo01.•. sto(ing den$lUe6, grgzlng rnglmos and Moorfand manogernnt pr8Ctl¢o4. Landowmrs wha are nol slgngd to the CMS arn tyjffenty oxompt from any Europeqn or UK l•jIall¢n. Th1• arrnnaemnt18 anomakAM and. kn our view, pow needs to becom8 more allgnod arrfl coh•rnnL The Master Plan li the mo•t 8lgnlnc•nt to date. It h hoped thls do(yJment wlll rosult kn a thenge in gmrnmont legislation, os errforcod by DAE114. malnly kn rnlallon to the bumlng of 'blankel bog. whlth 18 cuffenuy prohibited wilhin the COuntyde Mantyem8nt Schomo (CMS) but allowed ouislde the 6chame. remain confident that re8earch over tha next few years wlll pm¥e beyond doubt that the burning of 'blanket bog. can deliver a benefft both for h8alh land regenerlon arKI wildlife. To date tho H•ath•r Management PToied has proven a signhlcant Incrèa of heather. up to 10%, In upland habitat across the project slte. V4 also provide )nsullation to Nl Flro & ReKue Sor¥lc8 r8gardlw and ntrOllad heather bumlng. RSPB havo boon supportive and helpfvl lo the IGCT In wdatlons with other paFties over the Mastsr Plan. The Game and INtdlif• COnseptIon Trusl (G&WCTI have assi5tod our pmgress. Th IGCT ha5 helped to Inats Implementation of the DEARA 2CQ3 Rad Grous• ALion Plan. Ther•18 also strong support for the Wa 01 IGCT from local stakeholder5 as it will bring clarty to tho cuffont pollcy and rn•y provld• opportunbll•• for further diver5thrAtion of farming 8Ctiviti85.
THE IRISH GROUSE CONSERVATION TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 IA4 have been tho main adv180ry body helplng DEARA to wt fonvard a Red Gnxme Acllon Plan DelIry Group. Thls Group has made several presentsbons to Govemment Mlnlsters to date. namety Edwwi Poots OEARA. The IGCT is the leaing agricxthural body in Norfthern Ireland who can help GovnM8nt fulfil EU Pollcles lor tK>th Grous8 and Raptors. Parts of thg Master Plan have altoaty been adopted to set policy within Northem Ireland lo 4$8181 upland management. The IGCT Is wthing successfijlly wilhln an SPA (Spgcial Protethn Area) and ha8 W¢ClU11Y increasod numbers by 18Q)% 8lneo Inc•ptlon. Thé IGCT facilllatos a Ganwk8epors Courna held at Graenmount whlch proven wc(xsfvl and 15 n In tts fifteenth yoar. Tho IGCT ¥Yon th• Gold Award at thè 2019 we•Ugl0 Purd•y Awards kn rerA)gnNlon for ils r8m•rkaNo work in moorfand manakwmant whlch alky1 it to aff•st and ravorne the doellne of the populalion of Irbih Grouse. Tho PU Awwds ho beon held annually slnca 1999 and Mok to pmTh¥Jte a wklor •pprecialion of th• out8tandkng game aThJ habitat con8ervakn wort wrl8d out by slKJots Ihroughoul tho UK. 57 h•dar•• (140.85 acMJ ) of dDckluous for•81 havo b•on rwnovod from Gl•nth•rry Hlll Fami and ci1n¥ort•d io rocoverfng twland. Ktsders ar¢ TMIl¥a to re(XMithg bogland as Rodshqnk, Goldon Plover and Lawlng wlth th8so sp•d•• neswng on gite. 89 Il•dg•d to111ght from Glonwhorry and Its hlnlerfands In W22. a recud addltbn to Ihe POP•t10n of Iho UK. A whlch ha$ boon achknved In coop8rakn bth8•n Iho IGCT and tho RSPB. Th• IGCT prop• to r••tcM 250 aern• p. of hummek rank h•ath•r by re••eding lo achim a heallhy habllat of ilora and fauno on those of tha GleTrh•ry Hlll Fafm. In dohvJ 80 and research Pro1, th1• prtcal could ttr b• •ppll•d thrwout th• upl•nd• and Indudod und•r •n¥1rM•DI•l farni 8ch•m FlnMo1•l r•vl•w It Is the p1¢Y olth• Thmt that T•s1C fijnds wNch not bggn for a 8pedllc uoe •hould b8 maiThlaw at a Iwol •qUNal•nt lo tw•h month's exp•ndltw•. Th• Th16ts8g wi8lder that rn•apns at this I WUI en8ur• that. In tha event of a •lgnlficant drop In fvndlng, Ihay wilF418 abl8 to o)n11ra tho Tru8f8 Crrant a(#5 whlt• o)n81deration Is gfven to ways In whk additlonal fvnds may rnlknd. Th1• ofrnMr¥w has b••n malnlalned Ihr(XJglUl the year. Th• Th181$ have aw88od the rf1 to whk th• Thmt Is •Xp0d, and ar• •all•ll•d that Jy8t•ms rn In The IGCT has athlovod a rJ)n8lderabl• amount h th• al Ilm• that It has b••n amund. Rolylng •ntlrdy on tho ol 113 frndIng 8ubs¢albors, the TN8t has succeBsfidly managed to got tho Ilr8t w4ect to save tho Irish Grouae unthmy. Th Sur88 of the prolo¢t at Glentheny has attraded Ihe al110n of govunment bodies and wlll as81st In thelr twlgatlons to Ilrflll EU oblacVe8 and tho ca80 ft¥r dire(Aing r66ourcw toward8 investnwnt Into tho Man8nI of Irèlan(fs upjonds has gathered pae•. Tho Trustee5 hav• pold duo rogard to guklance Issued by tho Charlty Commis5iDn In d•ckllng wfAi actlvitles tho Trust shwld undertake.
THE IRISH GROUSE CONSERVATION TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Struoturn. gov•mAnM and manaq•m•nt Th8 Trust is a company Ilmltod by gu8rant•a. Tha Tntste•s, who are al80 tho dlrectorn for the puryjose of company I, and who oeryed durlty tha year and up to the date of 5ignatUrn Df the finandal statements wero: John Cunnlngham Petor Mackie John McDow•ll Adrlan Morr The Hon Shane Ne111 Gllbert Jonathan Crawfvrd Dthd Cunnlngham Martln McKay {Re8h3n•d 10 Jun• 2022) (Appolnt•J 10 thjno 2022) Nono of th• Th18t•o• ha• any b•n•fidal rtorn•t In Iho oxnp•ny. Al of Ihv Tru•tW• •T• m•mb•w• oflh• MPanY and guarnntso to contrtbute £1 In the Mnt of a wlndkng up. The Board of Dlr•thr• Wt•S •5 d•talod In th• govomlng doonI &Jr th• charlty, tt8 Mam)randum and Artkh• ofAMod•tlon. ees. reportWfj8 Approwd ty th• Board ofTnwtw•. Truste• Doted: ....*..4.". .TJb 14
THE IRISH GROUSE CONSERVATION TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE IRISH GROUSE CONSERVATION TRUST I raport on tha aceoimts of tho Trust for tha year ended 31 March 2023, which ara set OLrt on pages 7 to 15. R•SP0v• r•8pon8lbMlll•• of Thxt•M and •x•Mln•f Th¢ tru¥le88, who are 8180 the directorn ofThg lrtsh Grous8 Con88r¥atton Trust for tho purp088s of (x)mp8ny I, arn re5ponslblo low the preparatSon of Ihe accounts wi acconlance wllh the requiwements of the Compani8s Act H•¥kng I11d myMlf that th• charlty Is not subJ•¢ to aud5t ur#lor company I, and Is •Mgkni• for IndoporKl•nt examlnatlon, tt 1$ my rnsporMfy tr•: •xamlM lh• •co)unts e5 oltha Ch•rill•sAd (n) tho pradre¥ lald down In th• genw thr4dh)n8 gfvon by th• Charty Comml8•kn for Northern 1rnId undw ryectlon 649)> olthe Charllles A 010 to State whether partlcular have com• to my attontlon. I have axamined your ¢hartty accounts as requlred under sectlon 66 of thg Chartues Act and my examlnation was carTigd out In accordance wtth th6 general Dlredions glven by the ChaTIty Commi6sion for Northem Ireland under sectlon 65(9}(b) ol Ihe Ch8rlUes Acl. The exarnlnallon Induded a re¢W of the ac(aJunllng records kept by the thartty and a comparlson ol th• ants presented wlth Iho80 records. It also tndudad conskn ol any unuBuol tt•m$ or dlKfoswu In the acuunts. and kIng •Wanalknn• from you •5 ¢h4rlty tN81988 r4nr4mlng any 8uth mattorn. My rde to stotfj whetrw ary maierfal motters hav• canw to my attonllon gmng us LXU8• to b811ov•: 1. That accounting records wern not kopt In accordance wlth sectlon 386 oftho Companle5Act 20 2. That the accounts do not aoJ)rd 4¥1th those accounllng Tecords 3. That the a¢¢ounts do not r3)mply with the accoUnng r8qulromorrt$ of sectloft 390 of the Companlos Act 2008 and wsth the methods and PnCIPleS of tho Charitses Statement of Recomm8n4ed Practlce appllc8ble to Charle8 thdr •(¥x)wts In ac£orthnc• wlth th• FIn1nd R•portlng 81Mdaftl 4ppJkatAo kn tho UK and R•publlc 4. That th•rn l• Infomth noodod for a prop•r und•w•tandlw of the Kewrt8 to b• r•achod.
THE IRISH GROUSE CONSERVATION TRUST INDEPENDENT EXAMINER'S REPORT (CONTINUED) TO THE TRUSTEES OF THE IRISH GROUSE CONSERVAnON TRUST Ind•p•nd•nt •xqmln•¢• •t•t•m•nt In winedlon wlth my examlnatkn. no matter has ¢om• to my attention: (a) whlch glves us reasonable cause to believe that in any matsrlal respect the requirnments: (11 to keep accounting re(rd$ in 8c¢ordarte w61h seclion 388 of Ihe Cornpani8sAd 2CA]6; and (11) to prepare IlnaneAal 8tatan)8nts wldch wlth the accountlng records, (mplY Tth th? ar%AJunling requirements of sodion 398 of lh• Companies Ad 20C6 arKI wlth tho meth(th and wln¢ipl•8 of the Stsl¢m•nt of R8Mmended Pra(Ik•: ACc#nI1ng and Reportlng ty Chafttias: Vi)1 which are con81stant wlth tho m•thcJs Jnd pYlnclpl•8 of the 8tat•mont of R0MMaled Practlca: Accounthig and RoPOrtlrvJ by Choflttes: havo not boen mot or Ib) to whlch, In my 0)n, attantton shauld bo drawn kn t)rd•r to •nabl8 a woper und•r8tandlng of th• K. S.fkn4tsW Dr R I Potsrn Gallagher OBE Fa4 Moor• W.1.> LLP Chartored A(v)unt•nts 4th Floor Donogall Hous• 7 Donegall Squn North BT15G8 28th July.2023
THE IRISH GROUSE CONSERVATION TRUST STATEMENT OF FINANCIAL ACTivrriES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 fund• nds 2022 126m• 41 114.049 Tol•l Inoom• 124940 114,052 Ralsing fvnds Ch•rflabl• adMII 191 47,8JO 33.923 T¢*1 r•••uro•• •xp•nd•d 114021 IIx,732 N•t forth• y••rf 11.9 Fund balan at 1 Aprfl 2022 51,(M)8 Pund baknno•• at 31 2023 70J47 58,328
THE IRISH GROUSE CONSERVATION TRUST BALANCE SHEET AS Af31 MARCH 2023 2023 2022 Flx•d u8•ts Tangible assets 10 1.198 2.371 Dobtors Ca6h al bank artd In hand 11 41.818 61,860 30,144 48,750 78,894 Crndltarn: wnounl• fllllng du• wllhln on• yMr 12 (25,117) (22,93n Net ¢urr•nl awt• 68,361 55.957 TolAI 4•Mts1•8• oun•nt Il•blllU•• 70,247 58,328 oam• lund• Unrastrlthd fvnd• 70,247 70,247 58,328 The ¢xmpany18 •nUtled to lh• •x•mpkn fmm lh• a1 r•wlrement corthlnod In Mdlon 4T1 of lh• Comp10&Ac1 2008, for th? year ended 31 Marth 2(r23. Compary mémb•rn haw not rnqulrod th• wmp•ny to obtaln •n audlt of Ih060 finanrjd statements persuwrt to 1octlon 478 olth• Companle• Act 20. . Th• Thmloos ackno0d90 thelT r•spon51blllU•s fw •nswlng that the charfty k•8p8 a1untIng r•cA)nl8 whkkn comply with $4ction 388 of the Ad and far preparkng lknandal •totoments whkh glb • truo Jnd falr viow of th• slata of affairs of tho company u at Iho end of tt)0 flnonclal yw and of Its Incomlng rosourcal and appllftbon of resourceB, Inctuding its Incxxn• and •xponditurn. for th? fin•n(xal year In oGcordanc• with th• rwulr•monts ol secllons 394 arKI 395 and whlch othfjrwtae comply wllh the requirnm•nts of the Companles Act 21]08 relgllng to IlTrandal stalom•nt•. 80 far a• appIlbkn to th• MP. The membern hav• not r•qulr•d the conyny to obtaln an audlt of Its thanelal 8tatomerrt8 for Iho yur Sn que8llon In accordance wllh 8•¢tlon 478. Th0 llnanclal 8tat•morrt• boen prnpwod in arxordance wlth the wo¥l8lon8 8pPIlble to Comp1 to the small eompanl88 reglme. Thgfi ncial statementswere approved by tho Tru8tee8 on . r Ma9 Comp•ny r•yl•lr#¥gn numb•r NIO8186S
THE IRISH GROUSE CONSERVATION TRUST STATEMEKf OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Cash gerA2rnted from1{absoed by) oprnlons (8,W) Inv••llng a•Jtlvltt•• InBIrnent IncMe r•eth•d 41 N•t u•h lrnm Inv••Uno 41 Nat M•h u••d In lIMnn9 aa•vlU•• N•t Inor•a••l{d•or•M•) In •h and M•h •quI1•ni• 2.9ty) (8,061) Cash and cuh equlvalents at boglnnlry ofyMr 48,700 58.811 Ca•h and •A•h •qUI1• at•nd oly•ar 61,810 48,750
THE IRISH GROUSE CONSERVATION TRU8T NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 AIARCH 2023 Accounttng pollol•8 Charfty Intsrnmt Th8 Iiish Grouse Con8ervakn Trust Is a prfvats company Ilmlted by guarnntee Incwatsd In Northam Irend. The regislered offic is 4th Floor Donegall Hou88. 7 Don8gall Square North, B8lla5t. BT15GB. 1.1 Ao¢ountlng oonv•ntlon The financlal statements hAv• b•gn pr•p•rod In adon wlth the Trusfs Memornndum of Arttdoj and AsxKiatiun. th8 CompBnl8s Act 28 and"'A(wuNing and Repo.ng by Charftles: Statement ol Re(Thimended Pradhx applicabh to charilies prep8rlng th8lr 8(xx)unts in acrAIrdan with FInajaI Reporfing Standard applicable In the UK and Republlc of Ireland (FRS 102>. {•s amarKW for acrA)untlng p•rlodi commondng from 1 January 2018). Th• Tru h a Publ1¢ B•n•fft Entity •• d•llnod by FRS 102. Th• finaThJal otthm•nts ar• pr•r•d sn •t•r¥ng. whl¢h l• th• fiJnonal c4Jffry of th• Tru Monotary •mounl• In thMo 17n1 8tatomorts are rounded to tho near• £. 12 ljolng oono•m At tho tlme of appron9 tho 8tal•mVts. lh• Tru•t••6 have a roa80nabl• •xpgthkn that th• Trust has adequate ruDWCO8 lo ¢tInue kn opBrnllon81 oxlstenc8 for the fornseeabh futur•. Thus Iho TnMt••8 )nlnu8 to adopt Ihe golThJ concwn b•• of acu)unllng In pryflng tho Ilnandal 8tatsmonts. 1.3 CrttsbI• lund• Unrn8trlcled fijnds ar• avallabl• for at I dlwelon of tho Trufjt•o• In fvrth0ran ol th•lr ¢hartlalA• Ro81rfC fvnd• 4r• 8ubl•L to Jpodftc ldW0n9 by +Jnor8 a• to Ih•y may b• u••d. The PU0881 and u8•8 olthe restrlcted fvnds ar• 80t ¢xrt In the not•8 to th• finarK4al Jtatement•. EndonI fvndB ar• suwt to c4)ndlUon8 by donor8 th0.pItal mu•t mdnt•ln•d by th• TN8L 1A Inoomlnq rn•ourn Incorne 58 reowl8•d whan th• TN#t18 l•ylty •nlld•d to It after any p•rfoTharth e0ndNIo hav• b••n m•( th• amounts rAn bo measur•J rellabty. and It Is probabla that Income wlll be rncalved. CA8h donatltsn• fd• rwn18ad on r01 0th8r donatlonl ar• rec4180d I)n lh• Thmt h•$ b•8n nollllod of tha donatbn, unlo•s perlomianc• condltlons requlro dofwral ol tho amouni InrAYM tsx r•covorabla r•l•tlon lo donallon8 re{d und•r GIftAkl or d••d• of covenant Is r•cwl8•d at tho lkne ofth• r•c•lpt. l.fj Tanglbl• flx•d a••• Tanglble [d a88ets arn inltialty measured at c1 and 8ub8•qu•nty measured at eo•t or vtholion, n•t of dOpTallon and PaIrntIo81O5. Depredatlon is recogni8qd so as lo wrtte off th• o)sl or valuallon of as¥els $8 thelr rn8ldual valu88 over tholr useful Ilves on Iho follrh¥lw ba.. Plant arKI equpment Fixtures and fthgs Motor vohldes 20% Reducing balan 20% Rodudng bal8r 25% Redudng balanc• The galn or loss arising t)n th¢ dl$po8al of an a88Ot 19 delom)Ined as tho dllferenca b•iw•8n tho pro¢e0ds and tho carrylng valuo of tho assrf and Is re¢ogni8od in tho *atsm8nt ofllnancial acliviues. 10-
THE IRISH GROUSE CONSERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Aoeaununq polkl•s Icontlnu•d) 1.8 knp#Irnnt olilx•d a•••t• At 8ach reporting end dats. t TnJst reThis th8 canylw amounts of tts tanglble assèts to datemilne whèthor there Is any indlcatlon that those assets ha suffered an knpaimxnt loss. If any such indutlon exists. the roca)v•rnbl• 4TrN)unt ofth• assat18 88tlmat•d In ordor to d•termine tent ofth• Inwirm•nt loss (rf any). 1.7 C••h •nd •a•h •qulv4l•nt• Cash and equlvalents hdudo L¥sh In hand. h•ld at 11 wlth banks, other 8hort4omi Ilquld knvestment8 With oriMI maturitlos of thro• month8 or1•8s. arml bank t)verihts. 84nk overdrats ar• 8h(wn wlthln boThtrMng5 In allrent IlBbllitl8$. 1.8 Fln•nolal In•lNm•nts The Trn•t has 610(ed to apply the wovlslons of sedlon 11 'Ba•lc FIn0nd Inthrn•nt•' and 8¢cUon 12 'Othor Fln•nclBI Inslrumgrrt•18•U•8' of FR8 102 to am ol Its Ilnonclol tnstrumonts. Flnanclal In8lNm•nts •r• r•(a)onl8od In tho TN8fg bthn •h••t wh•n th• TN8t b8comH party to tho IntraCtUal pm¥l8lons of tho In•trumont. FIn0n(l a•Mts and IlablllU•• arn offJ•t, wlth tha n•t amounts pr•wrt•d In lh• Ilnanclal thlom•nts. when Ih•fe Is •18galty •rrforcaable rWI to 1 off tho recwnl8ed amounts and thern h an Irrt•nllon lo wlllg on nftt ba818 or to rull80 lh• a88at and 8aiU• tha IIAIAIty MUltane(lty. Ba81c IlMnrJal aM•ts, whlch Indudo debtors and cash bank b•lanca8. arn Inalty rn8a8ur•d ai transacuon prfc• IrUdln9 tran•ath costs and 8ub8equonty carrlqd at Amortlsed cost uskng tho •ffth intoro8t mathod unl•¥ the arrnngamont conjtihrtffi a flnancing transadlon. whore the transadth Is mM•urnd at the pre4ent v4tU0 of th• ftrture reLxlpts dlscount•d ot • mork•t rnt• of Intsraot. Flnandol as8•ts d•88ffled a8 rac•fvablo wnhln one year aro not omortlsed. Ba8lc Iln•ndal Ilabllllos. Inelmlkng crndllor• nk k)an• ar• InlUaHy roc4)gnl8ed at tr•rffja(kn unl•¥i the aan9t ¢onblUrt88 a ikng trAn8**n. WI18 tho dobt Instrumen118 measured ai the pmorrt vakn of thb i)JbJr• paym•nts dIsrAntsd at a matht rato of intare4L Flnondol lknbllllle8 cIA•dll•J •• payablo wlthln ono y•ar are rKI amorllwl. tY•bt In•trumwts ar• •tsb••quonty at aft ¢O•L udng th• •ff•dfv• ht•r••t r•i• m•thod. Trad• crodltorn arè obllgatlons to pay for good• or wvicas thAt havo been acqulrod kn th8 ordknary a)urne of opwatkns fmm 8wJpll8rg. Amounts P8yablo aro dasslll8d as Current Ilablllle$ If payment Is due wlthln ono yw or 1858. tf no( they aro presented as non-cwrent Ilabmej. Trade credttoryJ aro recowlsed inlilally at tran•acllon pth and subw4uenty msured 41 a¥)rtIsed U8lng thg 011orAfv• Int•r•8t mothod. Fthancl81 liobthes ar• derncogn18qd when tho Trusf$ contra(Iu81 obllplons explrn or are dlschwged or 11
THE IRISH GROUSE CONSERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 crftloal aooountlng ••llm•t•• and ludwMnt• In the application of Ihe Trusfs accounting pollcies. the Trustees ere required to make judgements. e8tSmates and assumptlons about the caIng amount of assots and tsabilitias that are not readlty apparent fmm other s[{5. Th8 05MateS and assodated 88suffjn5 arn based on hLrylorfc41 •xperienca and other factors that are considared to b• r•l•vant Adual resth moy dlfferfrom th880 •Btimatos. The eslimotes and urrfletytng a88umpknJ arn reV¥d an ongolng bas18. Rovi81ons to acnIg e8tknates aro re(y)gnised in the period In which th8 estimate Is rn88d whern revlsion 8ffects only that period, or In the pedod of Ihe revl8lon arKI fulur• wh•ro the re510n aff•Lts both current and futur• p•rfod•, Chrflabl• ••Jlvlll Unr••trlot•d Unrn8trfd•d nd• i)Jnds 2023 2022 21.1110 Glli ald rofvnd Oryanl••d sho Oth•r Incom• 4.187 125.899 114,049 nd• 2Q23 Intsr•8t recelvftble 41 Ratslno Unr••trlctsd Unrnstrf¢tod nd• funds 2023 2022 draisin 68,191 72.809 86,191 12-
THE IRISH GROUSE CONSERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2023 Chartlabl• aaovlll 2023 2022 D•w•c4atton and knPWrffI PoAr, Ilght and h•at Rapalrs ond malnten Prnmlms Inswanc Hlrn ofeqwnant Computor runnlng I 470 1279 3161 3,278 7.173 164 1U83 491 213 10,820 457 197 672 13,808 I478 32.023 47.830 33,923 Ind•wndant •X4mkn•rn Govwnanc* costs Indts payments to Ihe Irent •x•mln•rn of £1,IXJO (2022. £1,OLX)) for Independent wmlnatlon ftts. Nona of the Trustees (¢x any pernons connéctad wllh tham) r•c4l¥•J any r•Thwnerakn or bena1118 from thè Tw5t dun9 the year. 13-
THE IRISH GROUSE CONSERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 12 Cr•dltorn: amounts falknq du• Tllhln on• yMr 2023 othor taxatlon and s¢X4818•rffy D•feTred Inc4m• Aall 13.670 8.300 4,138 13 12.499 20,117 22.937 13 D•f•ry•d Inoorn• 2023 2022 Thorn w•r• no dlBclDJth• r•lat paty tran•alr durfng th• y••r(222. nom). 15-