W.E. IRISH COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
14913181 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 5 June 2023

End date: 30 June 2024

W.E. IRISH COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

W.E. IRISH COMMUNITY INTEREST COMPANY

Balance sheet

As at 30 June 2024

Notes 13 months to 30 June 2024


£
Current assets
Debtors: 3 2,279
Cash at bank and in hand: 6,543
Total current assets: 8,822
Creditors: amounts falling due within one year: 4 ( 5,264 )
Net current assets (liabilities): 3,558
Total assets less current liabilities: 3,558
Creditors: amounts falling due after more than one year: 5 ( 3,375 )
Total net assets (liabilities): 183
Members' funds
Profit and loss account: 183
Total members' funds: 183

The notes form part of these financial statements

W.E. IRISH COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 11 February 2025
and signed on behalf of the board by:

Name: Paul Kelly
Status: Director

The notes form part of these financial statements

W.E. IRISH COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Rendering of services Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

    Other accounting policies

    Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current or deferred tax for the year is recognised in surplus or deficit, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively. Government Grant Government grants are recognised in the income and expenditure account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute. Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income and expenditure account. Grants towards general activities of the entity over a specific period are recognised in the income and expenditure account over that period. Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income and expenditure account over the useful life of the asset concerned. All grants in the income and expenditure account are recognised when all conditions for receipt have been complied with.

W.E. IRISH COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    13 months to 30 June 2024
    Average number of employees during the period 0

W.E. IRISH COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Debtors

13 months to 30 June 2024
£
Trade debtors 1,000
Other debtors 1,279
Total 2,279

W.E. IRISH COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Creditors: amounts falling due within one year note

13 months to 30 June 2024
£
Taxation and social security 43
Other creditors 5,221
Total 5,264

W.E. IRISH COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Creditors: amounts falling due after more than one year note

13 months to 30 June 2024
£
Other creditors 3,375
Total 3,375

COMMUNITY INTEREST ANNUAL REPORT

W.E. IRISH COMMUNITY INTEREST COMPANY

Company Number: 14913181 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

W.E. Irish CIC has had a transformative year, delivering a diverse range of cultural, educational, and community-building activities that have significantly benefited the Irish diaspora and the wider community in the West of England. The organisation has worked to honour Irish heritage, promote inclusivity, and strengthen community bonds through a variety of events, workshops, and public celebrations. One of the key achievements of the financial year was the delivery of the second W.E. Irish CultureFest, which included the highly successful St Patrick’s Day Parade and a vibrant Fringe Festival. These events showcased the richness of Irish culture through music, dance, film, talks, and other activities. The St Patrick’s Day Parade alone attracted an estimated 7,000 attendees in 2024, compared to 2,000 in the previous year, demonstrating remarkable growth in community engagement and interest. The Fringe Festival comprised approximately 30 events, of which six were directly hosted by W.E. Irish CIC, while the remaining events were supported and promoted in partnership with local businesses and venues. The organisation also introduced an innovative project, “The Forgotten Irish: Letters, Lives and Legacies,” funded by the University of Bristol. This initiative brought together members of the Irish community in a series of workshops where they shared personal artefacts and migration stories. This collaborative effort led to the creation of a striking five-metre-tall puppet, “Mother Ireland,” whose design reflected these shared experiences. This project provided a safe space for participants to reflect on their migration journeys, fostering healing, connection, and a sense of pride in their shared heritage. In addition to the cultural festivals, W.E. Irish CIC supported community cohesion through smaller-scale activities such as pub quizzes, fundraising dances, and workshops held in neighbourhoods where the Irish diaspora resides. These efforts ensured accessibility and inclusivity for individuals who might otherwise face barriers to participation. The organisation also collaborated with Bristol Pride, Bath Carnival and plans to showcase a photographic exhibition in March 2025, celebrating the Irish community's diverse contributions to the region. The economic impact of these activities has also been notable, particularly in the hospitality and cultural sectors. Businesses reported significant increases in revenue, with one hospitality venue seeing turnover rise from £500 to £7,000 on the day of the St Patrick’s Day Parade. This success underscores W.E. Irish CIC’s role in bolstering local economies while enhancing cultural vibrancy. By engaging over 10,000 individuals through its projects, including a mix of Irish-born, Irish-descent, and non-Irish participants, W.E. Irish CIC has not only celebrated Irish heritage but also fostered cross-cultural understanding and unity. The organisation’s activities have been widely recognised, achieving an estimated combined media reach of over 2.6 million across broadcast, print, and online platforms, significantly raising the profile of the Irish community in the West of England. Through its creative programming, community-focused initiatives, and collaborative approach, W.E. Irish CIC has made a profound impact, enriching lives, celebrating cultural diversity, and building a stronger, more inclusive community.

Consultation with stakeholders

W.E. Irish CIC recognises the importance of engaging with its stakeholders to ensure its activities reflect the needs, aspirations, and interests of the Irish diaspora and the wider community. The organisation has identified its stakeholders as follows: Key Stakeholders 1. Irish Diaspora Community: Individuals of Irish descent, Irish-born residents, and those with a cultural or familial connection to Ireland in the West of England. 2. Local Businesses: Particularly those in the hospitality, cultural, and retail sectors, which benefit economically and socially from W.E. Irish CIC’s activities. 3. Community Organisations: Including Irish in Britain, St Paul’s Carnival, and Bristol City of Sanctuary, which collaborate to amplify the cultural and social impact of events. 4. Educational and Cultural Institutions: Such as the University of Bristol and local arts venues like the Arnolfini, Watershed, and Seamus O’Donnell’s. 5. General Public: Non-Irish participants and supporters who engage with events and initiatives, fostering inclusivity and cross-cultural understanding. Stakeholder Consultation W.E. Irish CIC has engaged its stakeholders through a range of consultation methods to gather insights and feedback: 1. Community Workshops: Through initiatives such as “The Forgotten Irish: Letters, Lives and Legacies,” workshops provided opportunities for participants to share migration stories and cultural artefacts. These sessions highlighted community priorities, including the desire for greater cultural representation and opportunities to share personal narratives. 2. Event Feedback: Attendees at the St Patrick’s Day Parade and Fringe Festival were sampled, with 140 individuals surveyed during the events. Feedback focused on the accessibility, cultural value, and enjoyment of activities. 3. Business Feedback: Local businesses provided anecdotal and measurable feedback on the economic impact of events. For example, hospitality venues reported significant increases in turnover during key events, and several praised the organisation’s support in providing promotional photography and videography. 4. Partnership Engagement: Collaboration with organisations like Irish in Britain and Bristol City of Sanctuary allowed for joint planning sessions, ensuring shared objectives and aligned efforts in addressing community needs. 5. Online and Social Media Engagement: Stakeholders engaged with W.E. Irish CIC via social media platforms, providing informal feedback on events and initiatives, as well as sharing their experiences and suggestions for improvement. Actions Taken in Response to Feedback W.E. Irish CIC has actively responded to stakeholder feedback, resulting in tangible changes and improvements: 1. Enhanced Accessibility: Workshops were held in neighbourhoods where the Irish diaspora reside, reducing barriers for those unable to travel to central locations. 2. Refined Event Design: Feedback on the St Patrick’s Day Parade led to a revised route, beginning in the historic city centre and incorporating culturally significant landmarks like the old Irish Centre. This change acknowledged the community’s history while celebrating contemporary achievements. 3. Support for Businesses: In response to hospitality venues’ feedback, W.E. Irish CIC enhanced its promotional efforts, providing photography, videography, and wider publicity to boost visibility and engagement. 4. Broader Representation: The development of the “Mother Ireland” puppet and the forthcoming photographic exhibition directly addressed the desire for greater representation of Irish migration stories, enabling a richer cultural narrative. 5. Future Sponsorship: Recognising the financial challenges highlighted by stakeholders, W.E. Irish CIC is actively pursuing commercial sponsorships to secure long-term sustainability and continue delivering impactful activities. Through these consultation efforts, W.E. Irish CIC has demonstrated its commitment to meaningful engagement and responsiveness, ensuring its activities continue to serve and celebrate its diverse stakeholder community effectively

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
11 February 2025

And signed on behalf of the board by:
Name: Paul Kelly
Status: Director