Charity registratlon number NIC103491 Company registratlon number N1061855 (Northem Ireland) THE IRISH GROUSE CONSERVATION TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
THE IRISH GROUSE CONSERVATION TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE IRISH GROUSE CONSERVATION TRUST I report on the accounts ofthe Trust for the year ended 31 March 2024, which are set out on pages 8 to 16. Respective responsibilities of Trustees and examiner The trustees. who are also the directors of The Irish Grouse Conservation Trust for the purposes of company law, are responsible for the preparation of the accounts in accordan with the requirement5 of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law, and is eligible for independent examination, tl is my responsibilty to: examine the accounts under section 65 of the Charities Act (iij follow the procedures laid down in the general directions glven by the Charity Comrnission for Northem Ireland under section 65(9)(b) of the Charities Act (iii} to state whether particular matters have come to my attention. Basis of independent examinerfs report 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 Northem Ireland under section 65(9)Ib) of Ihe Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented wrth those records. It also included consideration of any unusual ttems or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to stste whether any material matters have come to my attention giving us cause to believe: 1. That accounting records were not kept in accordance wilh section 386 of the Companies Act 2006 2. That the accounts do not accord with those accounting records 3. That Ihe accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practi applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland 4. That there is further information needed for a proper understanding of the accounts to be reached. Independent examinerfs statement In connection with my examination, no matter has wme to my attention.. (a) which gives us reasonable cause to believe that in any material resped the requiremerrts= (i) to keep accounting records in accordance with Section 386 of the Companies Act 2006. and (ill to prepare financial statements which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the statemenl of Recommended Practice: Accounting and Reporting by Charities., (iii) which are consistent with the method5 and principles of the Statement of Recommended Practi. Accounting and Reporting by Charilies; have not been met or (b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached. . g.fL4 Dr R I Peters Gallagher OBE FCA Moore (N.I.) LLP Chartered Accounlants 4th Floor Donegall House 7 Donegall Square North Belfast BT15GB Dated: 25 October 2024
THE IRISH GROUSE CONSERVATION TRUST STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOMEAND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Unrestricted funds funds 2024 2023 Notes Income from". Charitable activities Investments 125.515 257 125,899 41 Total income 125,772 125,940 enditure on: Charitable aotivities 110,027 114.021 Net income for the yearl Net movement in funds 15,745 11,919 Fund balances at 1 April 2023 70,247 58,328 Fund balances at 31 March 2024 85,992 70.247 The statement of financial acttvities inc]udes all gains and losses recognised in the year. The statemenl of financial activtties includes all gains and losses recognised in the year. All income and expenditure derNe from continuing activities. The statement of financial activities also complies with the requirements for an incorne and expenditure account underthe CompaniesAct 2006.
Draft Fln4n¢l41 Stsm¢nts Ot 21 Oetoè¢r 2024 at 10:35:S1 THE IRISH GROUSE CONSERVATION TRUST BALANCE SHEET ASAT31 AfARCH ' 2024 2023 Not5 Flxed •gs¢ts 11 3A30 Currerrt assets ,. 12 41.819 51.$50 Cash at In tsna 99,093 1Q7,337 CT•dttorG: am4xmts fal!Ing du2 withln on• y•ar 13 124,ll5) 125.T17J Net curTpnt 4555 81562 e8,351 Totsl a55ets less cufreTrt Ilabllllbe9 8S,992 8S,992 Th lufids d the TrpA¢ Urro5?ricttsd frJney 85,992 702L7 85.992 Th ccmpany ts •ntitr•d to th8 ?xemption feorn trÉ alth LireMe corrtain#tt iri soticn 4f of the Curnpanie5rtct 21))E. tr ;hé y1 •nthd 31 2024 fompany moTnOtrs hav ietyJsrtyl thg obcairj ar. authl af •$• •1 Stat•nE to S110n 47e oftrn Ccryarries A.ct2(N. The Trusts•s ackithvlédtse Ihgir resryJr¥sl[le5. for ensurtny Ihe thBrity keeps lETts vhxh. comply wtth of tr AGand tr preoarir¢J firan¢i31 vthbrsi trLÈè and f4ir vsow oftr Sta ef aPa&S cl crmpany aE 8t the end of the finsnc4a ye¥ anu cf rts COM[rO OUrcES rrt oPPL>bon ot rosoLWCéS. inng it£ irwne and e>wndthrn. fc¢ Inarycia.; y8¥ in axordance the WLittemeyts of rin)Cial swettents. so l¥ a$ to ecv,oar.y T merDlfS have ftJi IV4& Vte toffjwiy to thin w au¢ffit ofitsfrn]al lfié yPor in quewirr. r wihh S#ctrEOll 478. The Trustee Cwatty WJL81-8tion TrJnib•r NIQB?8ts INtrm•m:r*iaThll
THE IRISH GROUSE CONSERVATION TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flovvJ from operating activities Cash generated from operalions 49,578 2,859 Investing activities Purchase of tangible fixed assets Investmenl income received 12,392) 257 41 Net cash (used in)Igenerated from investing activities (2,135} 41 Net cash used in financing activities Net increase in cash and cash equivalents 47,443 2,900 Cash and cash equivalents at beginning of year 51.650 48,750 Cash and cash equivalents at end of year 99,093 51.650 10-
THE IRISH GROUSE CONSERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charity inforniation The Irish Grouse Conservation Trust is a pr¢vate company limited by guarantee incorporated in Northem Ireland. The registered office is 4th Floor Donegall House, 7 Donegall Square North, Belfast, B T15GB. 1.1 Accounting convention The financial ststements have been prepared in accordance with the Trusys Memorandum of Articles and Association, the Companies Act 2006 and °Accounling and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordan¢e with the Financial Reporbng Standard applicable in the UK and Republic of Ireland (FRS 102). (as amended for accounting periods commencing from 1 January 2016). The Trust is a Public Benefft Entity as defined by FRS 102. The financial stslements are prepared in sterling, which is the functional currency of the Trust. Monetary amounts in these financial ststements are rounded to the nearest £. 1.2 Going concern At the time of approving the financial statements. the Trustees have a reasonable expectation that the Trust has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use al the discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors a5 to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific condtlions by donors that the capital must be maintained by the Trust. 1.4 Incoming resources Income is recognised when the Trust is legally entitled to il after any performance conditions have been met, the amounts can be measured reliabty, and it is probable that income will be received. Cash donations are recognised on reIPt. Other donations are recognised once the Trust has been nolffied of the donation, unless perfomance condttions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the receipt. 1.5 Tangible fixed assets Tangible fixed assets arè inÈbally measured at cost and subsequently measured at cost or valuation, net of depreciation and any impaiment losses. Depreciation is regnised so as to wrtte off the cost or valuation of assets less their residual values over their useful lives on the following bases: Plant and equipment Fixtures and ffttings Motor vehicles 20% Reducing balan 20% Reducing balance 250/0 Reducing balan The gain or loss arising on the disposal of an asset is detemiined as the difference beeen the sale proceeds and the carying value of the asset, and is recognised in the statement of financial activities. 11
THE IRISH GROUSE CONSERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) 1.6 Impairnient of red assets At each reporting end date, the Trust reviews the carying amounts of its langible assets to detemine whether there is any indication that those assets have suffered an impaiment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to detemiine the extent of the impaimient loss (rf any). 1.7 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held at call with banks. other short-temi liquid investments wÉth original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.8 Financial instruments The Trust has elected to appty the provisions of Section 11 'Basic Financial Instruments. and Section 12 'other Financial Instrurnents Issues, of FRS 102 to all of it5 financial instruments. Financial instruments are recognised in the Trust's balan sheet when the Trust becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, wÉth the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequenlly carried at amorlised cost using the effective interest method unless the arrangement conslitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as recetvable 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 arrangeTnent constitutes a financing transactlon, where the debl instrument is measured at the present value of the future payments dis¢ounled at a markel rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carrted at amortised cost, using the effective intsrest rate method. Trade creditors are obligations 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 rf payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initialty at transaction price and subsequently measured at amortised cost using the effective interest method. Dere¢ognition of financial liabilities Financial liabilities are derecognised when the Trusvs contractual obligations expire or are discharged or cancelled. 12-
THE IRISH GROUSE CONSERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Critical accounting estimates and judgements In the application of the Trusfs accounting policies, the Trustees are required to make judgements. estimates and assumptions about the caryin9 amount of assets and liabilities that are not readily apparent from other Sour$. The estimates 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 estimates and underfying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Charftable activities Unrestricted Unrestricted funds funds 2024 2023 Donations Gtft aid refund Organised shoots Other income 23.663 3,052 26,100 3,708 1,540 94,551 98,800 125,515 125,899 Investments Unrestricted Unrestricted funds funds 2024 2023 Interest receivable 257 41 13-
THE IRISH GROUSE CONSERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charitable activities 2024 2023 Staff costs Depreciation and impairment Power, light and heat Repairs and maintenance Premises insuran Hire of equipment Computer running costs Motor Sundry Bank charges Dog food other charitable expenditure 60,89S 858 1,021 356 3.012 4,333 306 17,626 3,098 240 200 16,721 66,191 475 1,279 3,351 2.999 7,173 154 14,883 491 213 834 14,678 108,667 112.721 Share of govemance costs (see note 6) 1,360 1,300 110.027 114,021 Support costs Support Governance costs costs 2024 2023 Independent examiners 1,360 1,360 1,300 1,360 1,360 1,300 Analysed beeen Charitable activities 1,360 1,360 1,300 Govemance cosls includes paymenls to the independent examiners of £1,000 (202& £1,000) for independent examination fees. Net movement in funds 2024 2023 The net movement in funds is stated after chargingl(creditingl: Fees payable for the independent examinalion of the charity's financial ststements Depreciation of owned tangible fixed assets 1,360 858 1,300 475 14-
THE IRISH GROUSE CONSERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Trustee5 None of the Trustees (or any person5 connected with thern) received any remuneration or beneffls from the Trust during the year. Employees The average monthly number of employees during the yearwas.. 2024 Number 2023 Number Employment costs 2024 2023 Wages and salarie5 60.896 66.191 10 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitsble purposes. 11 Tangible fixed assets Plant and Flxiuros and Motor vohiclgs equipment rIngS Totsl Cost At 1 April 2023 Additions Disposals 19,022 2.381 2,392 10,000 31,403 2,392 (10,000} {10,000) At 31 March 2024 19,022 4,773 23,795 Depreciation and impainnent At 1 April 2023 Depreciation charged in the year Eliminated in respect of disposals 17,209 363 2,298 495 10,000 29,507 858 (10,000) (10.000) At 31 March 2024 17,572 2,793 20,365 Carrying amount At 31 March 2024 1.450 1,980 3,430 At 31 March 2023 1,813 83 1,896 15-
THE IRISH GROUSE CONSERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Debtors 2024 2023 Amounts falling due within one year: Trade debtors Prepayments and accrued income 5,166 3,078 38,856 2,962 8,244 41,818 13 Creditors: amounts falling due within one year 2024 2023 Notes other taxation and social security Deferred income Other creditors Accruals 13.701 8,138 1,937 999 13.570 6,300 14 5,247 24,775 25,117 14 Deferred income 2024 2023 Other deferred income 8.138 6,300 15 Unrestrictsd funds The unrestricted funds of the charity comprise the unexpended balanS of donations and grants which are not subject lo specifi¢ Conditions by donors and grantors as to how Ihey may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 April 2023 Incomlng resources Resources At 31 March expended 2024 General funds 70,247 125.772 (110,027) 85,992 Previous year: At 1 April 2022 Incoming resources Resources At 31 March expended 2023 General funds 58.328 125,940 (114.021) 70,247 16 Related party transactions There were no disclosable relatsd party transactions during the year (2023 - none). 16-