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 ￿Ne￿I
Gllb•rt Jonath4n Crawlord
O￿ld Cunnirvjh
(Appointed 10 Jun0 2022)
Evelyn ￿Nall1
Ch*rfty
NIC103491
Nl(k81855
BwlnM• •ddrM•
2 Casuo L•n•
CoAfilrfm
8T44 OBD
BT15G8
Moorn (N.I.} LLP
8T1508
8•nk•rn
D•n*kn 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 ofAsso￿a1LOn, the Compante8 Act 2006 and 'Acxountlng
and Reportlng by Charltl88.' Ststement of RecoMm9r￿ed Pra¢li¢e appllcAbie to c*arlttos preparing thelr a￿Ount9
In accordance with the FInan￿81 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 ASsoda￿on 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 AgI￿llY￿,
EnvlnJnm8nt & Rural D•v•bpm•nt {DAERA), th• RSPB, the Northern Ireland Enthnmorrt Agerry {NIE4) and
local stak•holdw8. Th18 group 18 called th• G￿nWh9nY HeathLqnd Regeneratlon Partnershlp, wllh IGCT
reprèwtallon from both lan GI￿dInning (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 MA*r Plan alm8 to Infonn and ff nacaM*ry, 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•jI￿all¢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 COunty￿de 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 regener￿lon 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• COnsep￿tIon Trusl (G&WCTI have assi5tod our pmgress. Th IGCT ha5 helped to In￿ats
Implementation of the DEARA 2CQ3 Rad Grous• AL*ion 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 DelI￿ry Group.
Thls Group has made several presentsbons to Govemment Mlnlsters to date. namety Edwwi Poots OEARA. The
IGCT is the leai*ng agricxthural body in Norfthern Ireland who can help Gov￿nM8nt 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$8181 upland management.
The IGCT Is wthing successfijlly wilhln an SPA (Spgcial Protethn Area) and ha8 W¢C￿lU11Y increasod
numbers by 18Q)% 8lneo Inc•ptlon.
Thé IGCT facilllatos a Ganwk8epors Courna held at Graenmount whlch proven wc(xsfvl and 15 n
In tts fifteenth yoar.
Tho IGCT ¥Yon th• Gold Award at thè 2019 we•Ugl0￿ Purd•y Awards kn rerA)gnNlon for ils r8m•rkaNo work in
moorfand manakwmant whlch alky￿1 it to aff•st and ravorne the doellne of the populalion of Irbih Grouse. Tho
PU￿ Awwds ho￿ beon held annually slnca 1999 and Mok to pmTh¥Jte a wklor •pprecialion of th• out8tandkng
game aThJ habitat con8ervakn wort wrl8d out by slKJots Ihroughoul tho UK.
57 h•dar•• (140.85 acMJ ) of dDckluous for•81 havo b•on rwnovod from Gl•nth•rry Hlll Fami and ci1n¥ort•d io
rocoverfng twland. Ktsders ar¢ T￿MIl¥a to re(XMithg bogland as Rodshqnk, Goldon Plover and
Lawlng wlth th8so sp•d•• neswng on gite.
89 Il•dg•d to111ght from Glonwhorry and Its hlnlerfands In W22. a recud addltbn to Ihe POP￿•t10n
of Iho UK. A whlch ha$ 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 GleTr*h•ry Hlll Fafm. In dohvJ 80 and research Pro￿1, th1• prtcal
could ttr￿ b• •ppll•d thrwout th• upl•nd• and Indudod und•r •n¥1r￿M•DI•l farni 8ch•m
FlnMo1•l r•vl•w
It Is the p￿1¢Y olth• Thmt that ￿T•s1￿C￿ 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)n11r￿a tho Tru8f8 C￿rrant
a(#5￿ whlt• o)n81deration Is gfven to ways In whk* additlonal fvnds may ￿ rnlknd. Th1• ofrnMr¥w has
b••n malnlalned Ihr(XJgl￿Ul the year.
Th• Th181￿$ have aw88od the rf￿1 to whk* th• Thmt Is •Xp0￿d, 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 fr￿ndIng 8ubs¢albors, the TN8t has succeBsfidly managed to got tho Ilr8t w4ect to save tho Irish
Grouae unthmy. Th Sur￿88 of the prolo¢t at Glen*theny has attraded Ihe al￿110n of govunment bodies
and wlll as81st In thelr twlgatlons to Ilrflll EU oblac￿Ve8 and tho ca80 ft¥r dire(Aing r66ourcw toward8 investnwnt
Into tho Man8￿￿nI 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• W￿￿t•S •5 d•talod In th• govomlng do￿￿onI &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•SP￿0v• 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 I￿11￿d myMlf that th• charlty Is not subJ•¢* to aud5t ur#lor company I￿, and Is •Mgkni• for IndoporKl•nt
examlnatlon, tt 1$ my rnspor￿￿Mfy tr•:
•xamlM lh• •co)unts e5 oltha Ch•rill•sAd
(n) tho pr￿ad￿re¥ lald down In th• genw* thr4dh)n8 gfvon by th• Charty Comml8•kn for Northern
1rnI￿d 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• a￿nts 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 accoUn￿ng r8qulromorrt$ of sectloft 390 of the Companlos Act 2008
and wsth the methods and P￿nCIPleS of tho Charitses Statement of Recomm8n4ed Practlce appllc8ble to Charl￿e8
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 R8￿Mmended Pra(Ik•: ACc#￿nI1ng and Reportlng ty Chafttias:
Vi)1 which are con81stant wlth tho m•thc*Js Jnd pYlnclpl•8 of the 8tat•mont of R0￿MMa￿led 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• a￿1￿ r•wlrement corthlnod In Mdlon 4T1 of lh• Comp￿10&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 ackno￿0d90 thelT r•spon51blllU•s fw •nswlng that the charfty k•8p8 a1￿untIng 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 appllf*tbon 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• appIl￿bkn 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.
Th￿0 llnanclal 8tat•morrt• boen prnpwod in arxordance wlth the wo¥l8lon8 8pPIl￿ble to Comp￿1￿
to the small eompanl88 reglme.
Thgfi
ncial statementswere approved by tho Tru8tee8 on .
r Ma￿9
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{abso￿ed by)
oprnlons
(8,W)
Inv••llng a•Jtlvltt••
In￿BIrnent Inc￿Me r•eth•d
41
N•t u•h lrnm Inv••Uno
41
Nat M•h u••d In lIMn￿n9 aa•vlU••
N•t Inor•a••l{d•or•M•) In ￿•h and M•h
•quI￿1•ni•
2.9ty)
(8,061)
Cash and cuh equlvalents at boglnnlry ofyMr
48,700
58.811
Ca•h and •A•h •qUI￿1•￿￿ 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
Ire￿nd. 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 a￿don￿ wlth the Trusfs Memornndum of Arttdoj and
AsxKiatiun. th8 CompBnl8s Act 2￿8 and"'A(wuNing and Repo￿.ng by Charftles: Statement ol
Re(Thimended Pradhx applicabh to charilies prep8rlng th8lr 8(xx)unts in acrAIrdan￿ with FIna￿jaI
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• fiJn￿onal c4Jffry of th• Tru￿ Monotary
•mounl• In thMo 17n￿￿1 8tatomorts are rounded to tho near•* £.
12 ljolng oono•m
At tho tlme of appro￿n9 tho 8tal•mV￿ts. 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 C￿rttsbI• 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 PU￿0881 and
u8•8 olthe restrlcted fvnds ar• 80t ¢xrt In the not•8 to th• finarK4al Jtatement•.
End￿￿onI 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 r￿01￿ 0th8r donatlonl ar• rec4￿180d 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 c￿1 and 8ub8•qu•nty measured at eo•t or vtholion, n•t of
dOpT￿allon and ￿ ￿PaI￿r￿ntIo81O5.
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#Irn￿nt 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 or*iMI maturitlos of thro• month8 or1•8s. arml bank t)verihts. 84nk overdrats ar• 8h(wn
wlthln boThtrMng5 In allrent IlBbllitl8$.
1.8 Fln•nolal In•lNm•nts
The Trn•t has 610(*ed to apply the wovlslons of sedlon 11 'Ba•lc FIn0nd￿ Inthrn•nt•' and 8¢cUon 12
'Othor Fln•nclBI Inslrumgrrt•18•U•8' of FR8 102 to am ol Its Ilnonclol tnstrumonts.
Flnanclal In8lNm•nts •r• r•(a)onl8od In tho TN8fg bthn￿ •h••t wh•n th• TN8t b8comH party to tho
I￿ntraCtUal pm¥l8lons of tho In•trumont.
FIn0n(￿l a•Mts and IlablllU•• arn offJ•t, wlth tha n•t amounts pr•wrt•d In lh• Ilnanclal thlom•nts. when
Ih•fe Is •18galty •rrforcaable rWI to ￿1 off tho recwnl8ed amounts and thern h an Irrt•nllon lo wlllg on
nftt ba818 or to rull80 lh• a88at and 8aiU• tha IIAIAIty ￿MUltane(￿lty.
Ba81c IlMnrJal aM•ts, whlch Indudo debtors and cash bank b•lanca8. arn In￿alty rn8a8ur•d ai
transacuon prfc• Ir￿￿Udln9 tran•ath costs and 8ub8equonty carrlqd at Amortlsed cost uskng tho
•ffth intoro8t mathod unl•¥ the arrnngamont conjtihrtffi a flnancing transadlon. whore the transadth Is
mM•urnd at the pre4ent v4tU0 of th• ftrture reLxlpts dlscount•d ot • mork•t rnt• of Intsraot. Flnandol as8•ts
d•88ffled a8 rac•fvablo wnhln one year aro not omortlsed.
Ba8lc Iln•ndal Ilabllllos. Inelmlkng crndllor• ￿nk k)an• ar• InlUaHy roc4)gnl8ed at tr•rffja(kn unl•¥i
the a￿an9￿￿t ¢onblUrt88 a ikng trAn8**n. WI￿18 tho dobt Instrumen118 measured ai the pmorrt
vakn of thb i)JbJr• paym•nts dIsrA￿ntsd at a matht rato of intare4L Flnondol lknbllllle8 cIA•dll•J •• payablo
wlthln ono y•ar are rKI amorllwl.
tY•bt In•trumwts ar• •tsb••quonty at aft￿ ¢O•L udng th• •ff•dfv• ht•r••t r•i• m•thod.
Trad• crodltorn arè obllgatlons to pay for good• or wvicas thAt havo been acqulrod kn th8 ordknary a)urne of
opwatkns fmm 8wJpll8rg. Amounts P8yablo aro dasslll8d as Current Ilablllle$ 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 m￿sured 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 ca￿Ing amount of assots and tsabilitias that are not readlty apparent fmm other
s￿[{￿5. Th8 05￿MateS 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 ac￿￿nI￿g
e8tknates aro re(y)gnised in the period In which th8 estimate Is rn￿88d whern revlsion 8ffects only that
period, or In the pedod of Ihe revl8lon arKI fulur• wh•ro the re￿510n 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 knPWrff￿I
PoA*r, 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
I4￿78
32.023
47.830
33,923
Ind•wndant •X4mkn•rn
Govwnanc* costs In￿dts payments to Ihe Ir￿ent •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 du￿n9 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• T*llhln on• yMr
2023
othor taxatlon and s¢X4818•￿rffy
D•feTred Inc4m•
A￿￿all
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•al*r￿ durfng th• y••r(2￿22. nom).
15-