COMPANY REGISTRATION NUMBER: R000337 CHARITY REGISTRATION NUMBER: NIC106075 Irish Temperance League (Incorporated 1900) Company Limited by Guarantee Financial Statements 31 December 2024 MUIR DY Chartered Accountants 427 Holywood Road Belfast BT4 2LT AEIMPVQZ 0110512025 COMPANIES HOUSE A05
Irish Temperance League (Incorporated 1900) Company Limited by Guarantee Financial Statements Year ended 31 December 2024 Pages Trustees, annual report (incorporating the directorfs report) 1to4 Independent examinerfs report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Statement of cash flows Notes to the financial statements 9t015
Irish Temperance League (Incorporated 1900) Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 December 2024 The trustees. who are also the directors for the purposes of company law. present their report and the unaudited financial statements of the charity for the year ended 31 December 2024. Reference and administratlve delalls Registered charlty name Irish Temperance League (Incorporated 1900) Charlty regl8tratlon number NIC106075 Company reglstration number R000337 Prlnclpal office and reglstered Irish Temperance League (Incorporated 1900) offlce 427 Holywood Road Belfast BT4 2LT The trustees Miss HM Boland Miss P Boyd Mr TWG Briggs Mr EG Johnson Rev JT Lamb Mr JG Nicholson Dr DG Patterson Dr ZG Pickering Mr TL Place Rev WJ Rea Company secretary Dr ZG Pickering Independent examlner Paul Leathem FCA of Muir & Addy Chartered Accountants 427 Holywood Road Belfast BT4 2LT Structure. governance and management Govemlng Document The organisation is a charitable company limiled by guarantee. The company was established under a Memorandum of Association which established the objects and.powers of the company and is govemed under its Articles of Association. In the event of the company being wound up members are required to conlribute an amount not exceeding £1.
Irish Temperance League (Incorporated 1900) Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 December 2024 Structure, governancè and management (continued) Re¢rultment and Appolntment ol DlrectorB The directors of the company are also charity trustees for the purposes of charity law. Under the requirements of the Memorandum and Articles of Association the directors are elected to serve for period of three yeats after which they must be re-elected at the next Annual General Meeting. The directors of the company have a mix of business and other skllls. In the event of particular skills being lost due to rets-rement or resignation, suitsble individuals are approached to offer themselves for appointment as directors. Olrector Inductlon and tralnlng Most new directors are already familiar with the work of the charity. New directors are encouraged to attend suitable training courses to familiarise thernselves with both the work of the charity and their responsibilitles as directors. Rlsk management The directors have carried oul a review of the major risks to which the charity is exposed, and where appropriate have put in place systems and controls to mitigate the effects of those risks. Objectives and actlvltles The principal activities of the company are to promote an alcohol-free and drug-free lifestyle by the advocacy of total abstinence frorn alcohol and other dangerous drugs, to promote the discusslon, consideration and research of any question relaling to drug and alcohol use, and to provide resource and development means for the aforesaid purposes. Achlevements and performance Revlew of activities In the year ended 31 December 2024 grants totalling £34,225 were awarded to 9 different organlsations. These organisations satisfied the grant awarding Criteria and Conditions through either completion of an Application Form (for Projects and Core Funding) or a Report to a meeling of the Oirectors (for Associateship Funding). The awards to Associateship organisations included within grants this year were namely Hope North West, Slauros Foundation, Exodus Trust, Christian Family Centra, Recovery Café Loughbrickland and Portadown Temperance Council. Flnancial revlew The years activities resulted in an increase in funds of £38,396, The direclors will be devoting their efforts to continue the principal activits'es of the company within the constraints of the finance available. The principal funding source is by way of investment income. The principal expenditure is the payment of grants to organisations which promote alcohol-free and drug-free lifeswes, particularly to young people. The surplus this year is due to an increase in the valuation of the investment portfolio. Reserves policy The directors have examined the charitS requirements for reserves in the light of the main risks to the funding of the organisation. Unrestricted funds are currently £1.774,117 and this level of reserves would be sufficient to fund the organisation's running costs for a period of approximately 33 years at current levels of spending. As the sole source of income is currently investment income, the directors consider this level of reserves to be necessary to fund the current charitable activities. The expenditure on charitable activities each year is set at a level which takes into account the annual income from investments.
Irish Temperance League (Incorporated 1900) Company Limited by Guarantee Trustees. Annual Report (Incorporatlng the Director's Report) (¢ontlnuedJ Year ended 31 December 2024 Financial review (continuedj Investment pollcy The assets of the charity are invested to produce the best financial retum wlthin an acceptable level of risk. The objective is to achieve a balance bettveen longer temi gro%¢Éh and current income with a medium risk profile. thereby generating a sustainable level of investment income to support the current charitable aclivities. The investment policy precludes direct or indirect investment in companies involved in the alcohol, tobacco, gambling or armaments industries. The directors have appointed a professional management firm. Eve1 Partners Investment Management LLP, to manage the investments on a discretionary basis. in line with this policy. The investment management firm provide investment valuations and reports on a quarterly basis which are reviewed by the directors. The investment manager meets in person with the directors on a six monthly basis. Plans for future perlods The directors will continue to award grants to groups involved in appropriate activty countering the use and abuse of alcohol and other drugs, and which meet the criteria and conditions set out in tha League's grants procedures. Trustees. responsibilitles statement The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees, report and the flnancial statements in accordance with appllcable law and UniteLI Kingdom Accounling Standards {United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and applicats'on of resources, including the income and expenditure, for Ihat period. In preparing these financial statements, the trustees are requlred to: select suitable accounting policies and then apply them consistently: observe the methods and principles in the applicable Charities SORP: make judgments and accounting estimates that are reasonable and prudent: prepare the fin8ncial statements on the going concem basis unless it Is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitys transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Small company provisions This report has been ppared in accordance with Ihe provisions applicable to companies entitled to the small companies exemption.
Irish Temperance League (Incorporated 1900) Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (Continued) Year ended 31 December 2024 The trustees, annual report was approved on 12 March 2025 and signed on behalf of the board of trustees by. Dr ZG Pickering Charity Secretsry
Irish Temperance League (Incorporated 1900) Company Limited by Guarantee MUIR & ADDY Independent Examiner's Report to the Trustees of Irish Temperance League (Incorporated 1900) Year ended 31 December 2024 I report to the trustees on my examination of the financial statements of Irish Temperance League {Incorporated 1900) ('Ihe charity,) for the year ended 31 December 2024. Responsibilities and basis of report As the twslees of the company (and also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of Charities Act (Northern Ireland) 2008 (Ihe '2008 Act,) and the Companies Act 2006 ('the 2006 Act,). You are satisfied that the accounts of the company are not required by charity or company law to be audited and have chosen instead to have an independent examination. Having satisfied myself that the accounts of Ihe company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report In respect of my examination of the charit3 financial statements as carried out under sectlon 65 of the 2008 Act. In carrying Out my examination I have followed the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the 2008 Act. Independent examiner's ststtment I have completed my examinatlon. I confirm that no matters have come to my attentlon in connection wilh my examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or the financial ststements do not accord with those records; or the financial statements do not comply wth the accounting requlrements of section 396 of the 2006 Act other than any requiremenl that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination; or the financial statements have not been prepared in accordance wth the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 102). I confim that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. Paul Leathem FCA of Muir & Addy Chartered Accountants Independent Examiner 427 Holywood Road Belfast BT4 2LT 12 March 2025
Irish Temperance League (Incorporated 1900) Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 December 2024 2024 Unrestricted funds Total funds Total funds 2023 Not• Income and endowments Donations and legacies Investrnent income 1,000 64,768 1,000 64.768 59,140 Total income 65,768 65.768 59,140 Expenditure Expenditure on raising funds: Investment management costs Expenditure on charitable activilies Total expendlture (12,099) (40,437) (52,536) (12,099) (40,437) (52,536) 18,841) (63,281) (72,122) Net gains on investments 12 25,164 25,164 54,236 Net Income and net movement In fund8 38,396 38,396 41,254 Reconclllatlon of funds Total funds brought forward Total funds carrled forward 1,735.721 1,735,721 1,774,117 1,694,467 1,735,721 1.774.117 The statement of financial activltles includes all galns and losses recognised in the year. All incorne and expenditure derive from continuing activities. The notes on pages 9 to 15 forni part of these financial statements.
Irish Temperance League (Incorporated 1900) Company Limited by Guarantee Statement of Financial Position 31 December 2024 2024 2023 Note Flx•d assets Investments 16 1,749,206 1.731,472 Current assets Cash at bank and in hand 35,235 16,117 Credltors: amounts falllng due wlthln one year Net current assets 17 10,324 11,868 24,911 4.249 Total assets less current Ilabilities 1,774,117 1,774,117 1,735,721 Net assets 1.735,721 Funds of the charlty Unrestricted funds 1,774,117 1,774,117 1,735,721 1,735,721 Total charity funds 18 For the year ending 31 December 2024 the charity was entitled to exemptlon from audit under section 477 01 the Companies Act 2006 relating to small companies. Directors, responsibilities.. 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; The dlrectors acknowledge their responsibilities for cnmplwng with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial ststements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These financial ststements were approved by the board of trustees and authorised for issue on 12 March 202 d are signed on behalf of the board by.. Miss P Boyd Trustee Mr JG Nicholson Trustee The notes on pages 9 to 15 forni part of these financial statements.
Irish Temperance League (Incorporated 1900) Company Limited by Guarantee Statement of Cash Flows Year ended 31 December 2024 2024 2023 Cash flows from operatlng actlvltles Nel Income 38,396 41,254 Adjustments for,. Net gains on investments Dividends, interest and rents from investments Other interest receivable and similar income Interesi payable and similar charges Accrued expenses (25.164) {fA.222) (546) 41 956 (54,236) (58,829) (311) 40 2,368 Changes in.. Trade and other creditors (2,500) {53,039) 2,500 Cash generated from operats'ons (67,214) Inlerest paid Interest recelved (41) 546 (40) 311 Net cash used in operating activities (52,534) (66,943) Cash flows from Investlng actlvlties Dividends, interest and rents from investments Purchases of other investments Proceeds from sale of other investments 64,222 58,829 (393,157) (100,096) 400.587 71,652 Net cash froml(used in) investing activities (41,267) Net Increasel(decrease) In cash and cash equlvalent8 Cash and cash equivalents at beglnnlng of year Cash and cash equlvalents at end of year 19,118 16,117 35,235 (108,210) 124,327 16,117 The notes on pages 9 to 15 fomi part of these financial slatements.
Irish Temperance League (Incorporated 1900) Company Limited by Guarantee Notes to the Flnanclal Statements Year ended 31 December 2024 General Infomialion The charily is a private company limited by guarantee registered In Northem Ireland (Company No. R000337), registered as a charity with the Charity Commission for Northern Ireland (Charity No. NIC106075) and recognised as a charity by the Inland Revenue (Reference No. XN46645). Statement of compllance These financial statements have been prepared in accordance wilh FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" the Statemenl of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP) (FRS 102) and the Charities Act (Northem Ireland) 2008. Accountlng pollcles Basis of preparatlon The flnancial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financlal ststements are prepared in sterling, which is the functional currency of the entity. Go5ng concern There are no material uncertalnties about the charitys ability to continue. Judgements and key sources of estlmatlon uncertalnty The preparation of the financial statements requires managemenl to make judgements, estimates and sssumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other faclors, including expectations of future events that are believed to be reasonable under the circumstances. Fund accountlng Unrestricted funds are available for use at the discrets'on of the trustees to further any of Ihe charitys purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitrnent. Reslricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes.. restricted income funds or endowment funds. Incomlng resources Al income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.,
Irish Temperance League (Incorporated 1900) Company Limited by Guarantee Notes to the Financial Statements fconl•nuedJ Year ended 31 December 2024 Accountlng pollcles (conllnu•dJ Incoming resources (continued) income from donations or grants is recognised when there is evidence of entitlement to the gift. receipt is probable and its amount can be measured reliably. legacy incorne is recognised when receipt is probable and entitlement is established. Resources expended Expenditure is recognised on an accruals basls as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is classified under headings of the statement of financi81 activities to which it relates expenditure on raising funds includes the costs of all fundraising activities, events. non- charltable trading activities, and the sale of donated goods. expenditure on charitsble activrties includes all costs incurred by a charity in undertaking activities thal further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is nelther related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Olreci costs attributable to a single activity are allocated directly to that activity. Shared cosls are apprortioned between the activities they contribute to on a reasonable, Justffiable and consistent basis. Investments Unlisled equity Investments are Initially recorded at cost, 8nd subsequently measured at fair value. If fair value cannot be reliably measuTrd, assets are meaSUd at cost less impairment. Llsted Investments are measured at fair value with changes in fair value being recognised in income or expenditure. Impalrment of fixed assets A review for indicators of impairmenl is carried out at each reporting date. with the recoverable amount being estimated where such indicators exist. Where the carryng value exceeds the recoverable amount, the asset is impaired accordingly. Prior impaimients are also reviewed for Possible reversal at each porting date. For the purposes of impainnent tests'ng, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash- generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. 10.
Irish Temperance League (Incorporated 1900) Company Limited by Guarantee Notes to the Financial Statements (contlnuedl Year ended 31 December 2024 Accountlng policies (ntinued) Impaimient of fixed assets {contlnued) For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. Flnanclal Instruments A financial asset or a financlal Ilability is recognised only when the 8ntity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at arnortised cost. Where investments in shares or preference shares are publicly traded or their fair value can otheTrvise be measured reliably. the investment is subsequenlly measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is cOgniSed under the appropriate heading in the statement of financial activilies in which the initial gain was recognised. For all equity Instruments regardless of significance, and other financial assets that are individually significant. these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Llmlted by guarantee The company is a charitable company limited by guarantee. In the event of the company being wound up Mèmbers are required to contribute an amount not exceeding £1. Donatlons and legacles Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donatlons Donations 1,000 1,000 11
Irish Temperance League (Incorporated 1900) Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 December 2024 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Income from listed investments Bank interest receivable 64,222 546 64,222 546 58.829 311 58,829 311 64,768 64,768 59.140 59,140 Investment management costs Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Portfolio management 12,099 12,099 8,841 8,841 Expendlture on charltabl• a¢tlvltl?s by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Grant funding activities Support costs 36,849 3,588 36,849 3,S88 40,437 59,793 3,488 59,793 3,488 40,437 63,281 63,281 Expendlture on charftable activltles by actlvlty type Grant funding of activities Support costs Total funds 2024 Totsi fund 2023 Grant fundlng activities Governance costs 36.849 36,849 3,588 40,437 59,793 3,488 3,588 3,588 36.849 63,281 10. Analysls of support costs Analysis of support cosls grant funding activitl8S Total 2024 Total 2023 Governance costs 3,588 3.588 3,488 12
Irish Temperance League (Incorporated 1900) Company Limited by Guarantee Notes to the Flnanclal Statements (contlnuedj Year ended 31 December 2024 11. Analysls of grants 2024 2023 Grants to institutions Grants to institutions 34,225 34,225 53,500 Total grants 53,500 12. Net galns on Investments Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Gainsl(losses) on listed investments 25,164 25,164 54,236 54.236 13. Independenl examinatlon fe•s 2024 2023 Fees payable to the independent examiner for.. Independent examination of the financial stalements 2,880 2.700 14. Staff costs The total staff costs and employee benefils for the reporting period are analysed as follows.. 2024 2023 Wages and salaries The average head couni of employees during the year was Nil (2023: Nil). No employee ceiVed employee benefits of more than £60,000 during the year (2023: Nil). 15. Trustee remuneratlon and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees: 13-
Irish Temperance League (Incorporated 1900) Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 December 2024 16. Investments Cash or cash Listed equivalents investments Total Cost or valuation At 1 January 2024 Additions Disposals Fair value movements 107.049 (93,868) 1,624,423 1,731,472 487,025 393,157 (274,563) 1274,563) (100,860) 1100,860) 1,736,025 1,749.206 At 31 December 2024 13.181 Impalrment At 1 January 2024 and 31 December 2024 Carrylng amount At 31 December 2024 13,181 1,736.025 1,624,423 1,749,206 1,731,472 At 31 December 2023 107,049 All investments shown above are held at valuation. Flnanclal assets held at falr value All investrnents are carried at their fair value. Investments in equities and fixed interest securities are all traded in quoted public markets, primarily the London Stock Exchange. The basis of fair value for quote(l investments is equivalent to the market value, using the bid price. Assets sales and purchases are recognised at the date of trade at cost (that is thelr transaction value). 17. Credltors: amount8 falllng due wlthln one year 2024 2023 Accruals and deferred income Approved grants 6,324 4,000 5.368 6,500 10.324 11.868 14-
Irish Temperance League (Incorporated 1900) Company Limited by Guarantee Notes to the Flnanclal Statements (continued) Year ended 31 December 2024 18. Analysis of charitable funds Unrestrfcted funds At Gains and 31 December losses 2024 At 1 January 2024 Income Expenditure General funds 1,735,721 65,768 (52,536) 25,164 1,774,117 At Gains and31 December losses 2023 At 1 January 2023 Income Expenditure General funds 1,694,467 59,140 (72,122) 54,236 1,735,721 19. Analysls of net assets between funds Unreslricted Total Funds Funds 2024 Inveslments Current assets Creditors less than 1 year Net assets 1,749,206 35,235 (10,324> 1,774,117 1,749.206 35,235 (10,324) 1,774,117 Unrestricted Totsl Funds Funds 2023 Investments Current assets Creditors less than 1 year Net assets 1,731,472 16,117 (11,868) 1,735.721 1,731,472 16,117 (11,868) 1,735,721 20. Flnanclal Instruments The carrying amount for each category of financial instrument is as follows.. 2024 2023 Financlal assets measured at fair value through income and expendlture Investments measured at fair value through income and expenditure 1,749,206 1.731,472 21. Analy818 of changes In nel debt At At 1 Jan 2024 Cash flows 31 Dec 2024 Cash at bank and in hand 16,117 19,118 35,235 15.