THE IRISH GROUSE CONSERVATION TRUST
BALANCE SHEET AS AT 31 MARCH 2025
| 2025 | 2024 | |||||
|---|---|---|---|---|---|---|
| Notes | £ | 3 | £ | £ | ||
| Fixed assets | ||||||
| Tangible assets | 11 | §,416 | 3,430 | |||
| Current assets | ||||||
| Debtors | 12 | 2,520 | 8,244 | |||
| Cash at bank and in hand | 60,663 | 99,093 | ||||
| 63,183 | 107,337 | |||||
| Creditors: amounts falling due within | 13 | |||||
| one year | (6,676) | (24,775) | ||||
| Netcurrentassets | 56,507 | 82,562 | ||||
| Total assets less current liabilities | 61,923 | 85,992 | ||||
| Net assets | . | 61,923 | 85,992 | |||
| The funds ofthe Trust | ||||||
| Unrestricted funds | 61,923 | 85,992 | ||||
| 61,923 | 85.992 |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025. Company members have not required the company to obtain an audit of these financial statements persuant to section 476 of the Companies Act 2006.
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The Trustees acknowiedge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which givea true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
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These financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companies regime. oo —_
os statements were approved by the Trustees on . 27. : MMDenn aad & B
eter Mackie
Trustee 7
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Company registration number NI061855 (Northern ireland)
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THE IRISH GROUSE CONSERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
- 1 Accounting policies
Charity information
The Irish Grouse Conservation Trust is a private company limited by guarantee incorporated in Northern ireland. The registered office is 4th Floor Donegall House, 7 Donegall Square North, Belfast, BT1 5GB.
- 1.1. Accounting convention
The financial statements have been prepared in accordance with the Trust's Memorandum of Articles and Association, the Companies Act 2006 and “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 (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The Trust is a Public Benefit Entity as defined by FRS 102.
- The Trust has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the Trust. Monetary amounts in these financial statements are rounded to the nearest £.
1.2 Going concern
At the time of approving the financial statements, the Trustees have a reasonable expeciation that the Trust has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
- 1.3. Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as 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 conditions 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 it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Trust has been notified of the donation, unless performance conditions 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 are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment 20% Reducing balance Fixtures and fittings 20% Reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
Gis
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THE IRISH GROUSE CONSERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
I ft Accounting policies policies (Continued)
ft Accounting policies policies
4.6 Impairment of fixed assets At each reporting end date, the Trust reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). 1.7. Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
- 4.8 Financial instruments The Trust has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Trust's balance sheet when the Trust becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with 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 subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes 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 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 constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acauired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities Financial liabilities are derecognised when the Trust's contractual obligations expire or are discharged or cancelled.
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THE IRISH GROUSE CONSERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
2 Critical accounting estimates and judgements
In the application of the Trust's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. 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 underlying 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.
3 Charitable activities
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Donations | 22,641 | 23,663 |
| Gift aid refund | - | 3,052 |
| Other income | 56,952 | 98,800 |
| 79,593 | 125,515 |
| 4 | Investments | ||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Interestreceivable | 290 | 257 |
mes, 5
THE IRISH GROUSE CONSERVATION TRUST
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:
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
5 Charitable activities
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|---|---|---|---|---|---|---|---|
|2025|2024|
|£|£|
|Staff costs|65,129|60,896|
|Depreciation and|impairment|1,354|858|
|Power,|light and|heat|1,175|1,021|
|Repairs|and|maintenance|-|356|
|Premises|insurance|2,667|3,012|
|Hire|of equipment|4,239|4,333|
|Computer|running|costs|§38|306|
|Motor|14,266|17,626|
|Sundry|2,026|3,098|
|Bank|charges|217|240|
|Dog food|487|200|
|Other|charitable|expenditure|10,384|16,721|
|102,482|108,667|
|Share|of governance|costs|(see|note|6)|1,470|1,360|
|103,952|110,027|
|6|Support costs|
|Support|Governance|2025|2024|
|costs|costs|
|£|£|£|£|
|Independent|examiner|-|1,470|1,470|1,360|
|-|1,470|1,470|1,360|
|Analysed|between|
|Charitable|activities|-|1,470|1,470|1,360|
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Governance costs includes payments to the independent examiners of £1,100 (2024£1,000) for independent examination fees.
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|---|---|---|---|---|---|---|---|---|
|7|Net|movement|in|funds|2025|2024|
|£|£|
|The|net|movement|in|funds|is|stated|after|charging/(crediting):|
|Fees|payable|for the|independent|examination|of the|charity's|financial|
|statements|1,470|1,360|
|Depreciation|of owned|tangible|fixed|assets|1,354|858|
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THE IRISH GROUSE CONSERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
SSers,
8 Trustees
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Trust during the year.
9 Employees
The average monthly number of employees during the year was:
| 2025 | 2024 | |
|---|---|---|
| Number | Number | |
| 2 | 1 | |
| Employment costs | 2025 | 2024 |
| £ | £ | |
| Wagesandsalaries | 65,129 | 60,896 |
10 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
11 Tangible fixed assets
;
| Tangible fixedfixed assets | |||
|---|---|---|---|
| Plantand | Fixtures and | Total | |
| equipment | fittings | ||
| £ | £ | £ | |
| Cost | |||
| At 1 April 2024 Additions |
19,022 - |
4,773 3,340 |
23,795 3,340 |
| At 31 March 2025 | 19,022 | 8,113 | 27,135 |
| Depreciation and impairment | |||
| At 1 April 2024 | 17,572 | 2,793 | 20,365 |
| Depreciation charged in theyear | 290 | 1,064 | 1,354 |
| At 31 March 2025 | 17,862 | 3,857 | 21,719 |
| Carrying amount | |||
| At31 March 2025 | 1,160 | 4,256 | 5,416 |
| At31March2024 | 1,450 | 1,980 | 3,430 |
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THE IRISH GROUSE CONSERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
eS
12 Debtors
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|---|---|---|---|---|---|
|Amounts|2025|2024|
|falling due within|one|year:|£|£|
|Trade|debtors|~|5,166|
|Prepayments|and accrued income|2,520|3,078|
|2,520|8,244|
|Creditors:|amounts|falling|due within one year within one year one year year|
|2025|2024|
|Notes|£|£|
|Other taxation|and|social|security|4,018|13,701|
|Deferred|income|14|-|8,138|
|Other|creditors|1,558|1,937|
|Accruals|4,100|999|
|6,676|24,775|
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13 Creditors: amounts falling due within one year within one year one year year
14 Deferred income
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|---|---|---|---|
|2025|2024|
|£|£|
|Other deferred|income|-|8,138|
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15 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
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|---|---|---|---|---|---|---|---|---|
|At|1|April|Incoming|Resources|At 31|March|
|2024|resources|expended|2025|
|£|£|£|£|
|General funds|85,992|79,883|(103,952)|61,923|
|Previous|year:|At|1|April|Incoming|Resources|At31|March|
|2023|resources|expended|2024|
|£|£|£|£|
|General funds|70,247|125,772|(110,027)|85,992|
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16 Related party transactions
There were no disclosable related party transactions during the year (2024 - none).
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