Tyneside Irish Cultural Society Ltd

Registered number

02892258

Filleted Accounts

31-Mar-26

Tyneside Irish Cultural Society Ltd
Registered number:		02892258
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		-			189
			-			189

Current assets
Cash at bank and in hand		11,565			24,202
		11,565			24,202

Creditors: amounts falling due within one year	4	(12,559)			(29,150)

Net current liabilities			(994)			(4,948)

Total assets less current liabilities			(994)			(4,759)

Creditors: amounts falling due after more than one year	5		(1,728)			(4,626)


Net liabilities			(2,722)			(9,385)

Capital and reserves
Brought Forward			(9,385)			(14,429)
Profit and loss account			6,663			5,044

Members' funds			(2,722)			(9,385)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Anthony Richard Corcoran
Director
Approved by the board on 18 September 2026

Tyneside Irish Cultural Society
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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. Also included is a grant of £54,487 from Embassy of Ireland (including £18,861 income in advance from previous year less a grant repayment of £6,174) and a grant of £9,920 from The National Lottery Community Fund (the total of which was income in advance from the previous year). £1,000 from The Irish Youth Foundation and £5,995.04 from Culture Ireland have both been received relating to the 25/26 year and have been recognised as such. A grant of £4,000 from the Ireland Funds Community Impact Grant has also been received but has been deferred in full to the 26/27 year. DEPARTMENT OF FOREIGN AFFAIRS AND TRADE: EMIGRANT SUPPORT PROGRAMME Department of Foreign Affairs and Trade: The Emigrant Support Programme awarded the company a grant of £41,800 for the period from 1st July 2025 to 30th June 2026. The full amount of the grant was utilised in the period to 31st March 2026. Grant income amounting to £18,861 deferred from 2024-25 has also been utilised during the year. The Emigrant Support Programme letter of grant offer is to fund the following: Offer Library Award £3,000 North East Irish Network £9,800 Raised on Songs and Stories £3,000 Cultural Development Project £26,000 Projects funded by these grants were as follows: Library Award -Rent -Books -IT, subscriptions, software -Admin and stationery -Gallery curation and materials -Lectures and events North East Irish Network -Newsletter production -DBS checks Raised on Songs and Stories -Lunches -Volunteers Expenses -Venue Hire Cultural Development Project -Salaries Culture Ireland -Contribution to travel and accomodation for artists at the Tyneside Irish Festival 2026
	Projects funded by these grants were as follows: Emigrant support program grant --- Library Award -Rent -Books -IT, subscriptions, software -Admin and stationery -Gallery curation and materials -Lectures and events North East Irish Network -Newsletter production -DBS checks Raised on Songs and Stories -Lunches -Volunteers' Expenses -Venue Hire Cultural Development Project -Salaries North East Irish Network -Newsletter production -DBS checks Raised on Songs and Stories -Lunches -Volunteers' Expenses -Venue Hire Cultural Development Project -Salaries Culture Ireland --- -Contribution to travel and accommodation for artists at the Tyneside Irish Festival 2026 National Lottery Community Fund Grant --- -Raised on Songs and Stories Irish Youth Foundation Grant --- -Work with young people Ireland Funds Community Impact Grant --- -North East Irish Network
	Raised on Songs and Stories -Lunches -Volunteers' Expenses -Venue Hire Cultural Development Project -Salaries North East Irish Network -Newsletter production -DBS checks Raised on Songs and Stories -Lunches -Volunteers' Expenses -Venue Hire Cultural Development Project -Salaries Culture Ireland --- -Contribution to travel and accommodation for artists at the Tyneside Irish Festival 2026 National Lottery Community Fund Grant --- -Raised on Songs and Stories Irish Youth Foundation Grant --- -Work with young people Ireland Funds Community Impact Grant --- -North East Irish Network
	National Lottery Community Fund Grant --- -Raised on Songs and Stories Irish Youth Foundation Grant --- -Work with young people Ireland Funds Community Impact Grant --- -North East Irish Network
	Government grants
	Government grants are accounted for using the accrual model. Grants relating to revenue are recognised in income on a systematic basis over the periods in which the related costs for which the grant is intended to compensate are recognised. Grant income received in advance is recognised as deferred income until the related expenditure is incurred. Where a grant becomes repayable, a liability is recognised when the repayment obligation arises.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			20%

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					2		1


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2025	-		10,849		-		10,849
	Additions	-		-		-		-
	At 31 March 2026	-		10,849		-		10,849

	Depreciation
	At 1 April 2025	-		10,660		-		10,660
	Charge for the year	-		189		-		189
	At 31 March 2026	-		10,849		-		10,849

	Net book value
	At 31 March 2025	-		189		-		189
	At 31 March 2026	-		-		-		-

4	Creditors: amounts falling due within one year					2026		2025
£							£

	Taxation and social security costs					269		-
	Other creditors					12,290		29,150
						12,559		29,150


5	Creditors: amounts falling due after one year					2026		2025
£							£

	Bank loans					1,728		4,626
						1,728		4,626


6	Loans					2026		2025
£							£

	Secured bank loans					1,728		4,626

	Loans Secured by UK Government

7	Other information

	Tyneside Irish Cultural Society Limited is a private company limited by guarantee, incorporated and registered in England and Wales under company number 02892258.
	Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
	The company address is:

	43-49 Gallowgate
	Newcastle Upon Tyne
	NE1 4SG