the irish kidney association limited...michael patrick kiely, cork (appointed 4 july 2015) kieran...

THE IRISH KIDNEY ASSOCIATION LIMITED

(A Company Limited by Guarantee Without Having a Share Capital)

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015



CONTENTS Page

Company Information

1 - 2

Directors' Report

3 - 7

Independent Auditors' Report

8 - 9

Statement of Financial Activities

10

Balance Sheet

11

Cash Flow Statement

12

Notes to the Financial Statements

13 - 28

1



REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2015 Directors Valerie Brady, Chairman John Whelan, Secretary Stephen O’Sullivan, Treasurer Patricia May, Carlow Eamonn Malone, Cavan/Monaghan Peggy Eustace, Clare Teddy O'Neill, Cork (retired 4 July 2015) Jennifer McDermott, Donegal (retired 4 July 2015) Colin Mackenzie, Dublin North Karen Concannon, Dublin South Ellen Flanagan, Kerry Ciaran Casey, Kildare Seamus O'Farrell, Kilkenny Cathriona Charles, Leitrim Susan Cannon, Limerick Deirdre Heslin, Longford Bernadette Munnelly, Mayo (retired 4 July 2015) Jerome Burke, Offaly Monica Finn, Roscommon Michael McHugh, Sligo Joan Gavan, Tipperary Raymond Halligan, Waterford Edward Flood, Westmeath Liam Buttle, Wexford Lisa Mellon, Mayo (appointed 4 July 2015) Michael Patrick Kiely, Cork (appointed 4 July 2015) Kieran Murray, Donegal (appointed 4 July 2015) Angela Kirwan, Laois (appointed 17 September 2015) Martin Doody, Deceased 8 July 2015 Company registered number 66109 Charity registered number 20011260 Registered office Donor House, Block 43A, Park West, Dublin, D12 P5V6 Company secretary Mark Murphy Chief executive officer Mark Murphy

2



REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2015 Advisers (continued) Independent auditors PKF O'Connor, Leddy & Holmes Limited, Century House, Harold's Cross Road, Dublin 6w Bankers Bank of Ireland, College Green, Dublin 2 Permanent TSB, 56-59 St. Stephen's Green KBC Bank, Sandwith Street, Dublin 2 Solicitors Dillon Eustace Solicitors, 33 Sir John Rogerson's Quay, Dublin 2

3



DIRECTORS' REPORT FOR THE YEAR ENDED 31 DECEMBER 2015 The directors submit their report, together with the audited financial statements, for the year ended 31 December 2015. Constitution The Company is registered as a charitable company limited by guarantee. The Company is a registered charity number 20011260. The principal objectives, for which the company is established, are to aid, assist by any means, counsel and support people living with, or affected by end stage renal disease, as set out in the Memorandum and Articles of Association. Organisation The Chief Executive Officer reports to the Board of Directors, and is employed to manage the charity’s affairs. DIRECTORS' RESPONSIBILITIES STATEMENT The Directors are responsible for preparing the Directors' Report and the financial statements in accordance with Irish law and regulations. Irish company law requires the Directors to prepare financial statements for each financial year. Under the law, the Directors have elected to prepare the financial statements in accordance with Irish Generally Accepted Accounting Practice in Ireland, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' and promulgated by the Institute of Chartered Accountants in Ireland and Irish law. Under company law, the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the assets, liabilities and financial position of the Company for the financial year end date of the surplus or deficit of the company for that financial year and otherwise comply with the Companies Act 2014. In preparing these financial statements, the Directors are required to: • select suitable accounting policies and then apply them consistently; • make judgments and accounting estimates that are reasonable and prudent; and • state whether the financial statements have been prepared in accordance with applicable accounting

standards, identify those standards, and note the effect and the reasons for any material departure from those standards; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The Directors are responsible for ensuring that the Company keeps or causes to be kept adequate accounting records which correctly explain and record the transactions of the Company, enable at any time the assets, liabilities, financial position and surplus or deficit of the Company to be determined with reasonable accuracy, enable them to ensure that the financial statements and Directors' Report comply with the Companies Act 2014 and enable the financial statements to be audited. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

4



Objectives and Activities a. Principle objectives The main objectives, for which the company is established, are to aid, assist by any means, counsel and support people living with, or affected by end stage renal disease, as set out in the Memorandum and Articles of Association.

b. Membership Members of the association join by subscribing to the Memorandum & Articles of Association. The voluntary Board of Directors consists of one representative elected from each of the 25 branches of the association. At 31 December 2015 we had 2,200 renal patient members (59%) out of a total membership of 3,767 persons. c. Review of the results for the year The statement of financial activities showed a net expenditure of �125,000 for the year. Income decreased by �44,453 to �1,558,713. Expenditure decreased by �108,800 to �1,683,713. Donor promotions and education decreased by �100,519 while patient aid and support rose by �13,154 to �721,346.

d. Principle activity Donor Promotions and Education For the first time in 28 years we no longer receive a National Lottery Grant allocation from the Minister for Health’s allocation towards our organ donor awareness activities including the printing and distribution of the organ donor cards. This activity is now funded through Organ Donation and Transplantation Ireland (ODTI) of the Health Service Executive, (HSE). The financial grants from the HSE and the Department of Social Protection now stand at �417,562. The Garda Siochana and Prison Officer payroll contributions were a combined total of �39,022. The IKA’s unique perspective of having over 2,000 members nationwide who are benefiting from an organ transplant makes the ideal and natural promoter of organ donation to the public at large. We do less and less advertising due to financial constraints but we have been very successful in utilising transplant articles and interviews from recipients of donated organs in our three organ donation awareness campaigns in April, Organ Donor Awareness Week, Summer Transplant Games, and in Autumn highlighting the European Day for Organ Donation and Transplantation. The IKA 25 branch structure facilitates the volunteers in the distribution of the organ donor cards and unites the patients and carers in continued peer support within their own branch area. Reminding the public of the importance of the gift of life is extended throughout the IKA activities by the use of the forget-me-not flower, pens, keyrings, brooches and wrist bands. Posters of Mary Kennedy, RTE Presenter, as the IKA’s ambassador for 2014 and 2015, were widely praised. The association utilises the services of ‘Connect Communications’ for our media relations and ‘Rainbow Displays Ltd’ for our marketing materials. A total of 4,439 Individual requests to head office for organ donor cards came from our free text service, our website, post and telephone. The Inform leaflet stands in 1,300 Doctor Surgeries and health centres consumed over 35,000 donor cards in 2015. Bulk requests from pharmacies, credit unions, businesses and restaurants etc. totalled 103,000 cards. Over 100,000 cards were distributed through the IKA branch network. 200,000 donor cards in small z-card format and 50,000 in leaflet format are printed annually. At the 31st December 2015 we were communicating with over 14,000 people on the IKA Facebook page a rise of 3,000 followers. 77% of the followers are female and 70% are in the 18-44 age group. Our Twitter account has 1,700 followers, up by 500 or 40% in the year. Our Instagram account jumped from 180 to 512 followers in 2015.

5



4 athletes from Ireland attended the 20th World Transplant Games in Mar Del Plata Argentina for 23rd – 30th August. The Team between them won 7 gold, 4 silver and 2 bronze medals. Nine transplant athletes attended the British Transplant Games in Gateshead. They returned with 6 gold, 5 silver, and 3 bronze medals. Transplanted athletes also took part in the German Transplant Games and the 5 Nations Golf Championships. The IKA provides training days to the transplant recipient and dialysis patient athletes in the Alsaa Sports Centre at Dublin Airport. The 30th consecutive Service of Remembrance and Thanksgiving was held on the 3rd of October 2015 in Corpus Christi Church in Drumcondra, Dublin 9. The Principal Celebrant, Bishop Raymond Field, led the multi-denominational service. The music was provided by Pro Nuova Group under musical director Dr Sharon Lyons. The congregation of 1,700 organ donor families and recipients of organ transplants makes the event the outstanding occasion in the IKA calendar. In 2015 Beaumont University Hospital conducted a total of 120 kidney transplants, made possible from 81 deceased donors whose relatives consented to their beloved ones’ organs being considered for donation. 33 living kidney donors permitted a further 33 kidney transplant making the combined total of 153 kidney transplants in Ireland in 2015. The Mater Hospital conducted a record 52 transplants, 36 lungs and 16 hearts, and St. Vincent’s transplanted livers into 61 patients. What the statistics figures do not reveal is the 8 paediatric transplants being performed in the UK on Irish children funded by the HSE and the HSE funded 8 living kidney transplants in the paired exchange programme in the UK. The year was undermined by the publicity surrounding the Pancreas Transplant Programme which is being re-established in St. Vincent’s University Hospital. April 2015 saw the activation of the HSE’s new Organ Procurement Service based at Organ Donation and Transplantation Ireland’s offices in Parnell Street in Dublin. The service was previously managed from the transplant department of Beaumont Hospital by their dedicated team of coordinators. The new procurement service was necessitated by the European Directive on Organ Donation and Transplantation of 2012. The new working relationship between ODTI and the IKA is well established and we now have stronger connections directly with this new management team and have been appointed as their promoters of organ donation to the public, as we previously were by the Department of Health. 100 people were referred to the IKA counselling service in 2015. This was a marked increase on the 2014 figure of 85. Referrals came from all over the country; 39 referrals from Nurses, 4 from a family member and 58 people self-referred. 72 people were seen by counsellors in their local area. The remainder (28) received counselling from the IKA counsellor based in Donor House. Over 650 hours of individual face to face counselling was provided in 2015 by the IKA. The first IKA six week self-management programme was run in March/April. Beaumont Hospital provided leaders training and two IKA members were trained to run the programme. Twelve people attended the six week programme. In October 47 counsellors from around the country attended the IKA Counsellors Study Day in Dublin. The aim of the day is to bring counsellors contracted by the IKA together to look at the particular issues related to counselling people with a chronic condition and their families. 2015 saw a busy year in our Tramore 4-apartment Respite Holiday Centre. Thanks to the management and staff of Waterford Regional Hospital 45 haemodialysis patients had a week away. 22 peritoneal dialysis and 19 transplanted patients also enjoyed the facility for a week. In total, including their family 309 people received a week’s break at our Tramore apartments. Tralee General Hospital dialysis unit was too full to provide treatments in 2015 so no haemodialysis patients could avail of our holiday house in Tralee. In total 80 people including 20 peritoneal dialysis and 12 transplanted patients availed of the facility. 213 haemodialysis patients had holidays abroad with their treatments being organised by the holiday coordinators in head office. The vast majority of holidays were in Europe where haemodialysis is available free to those with a European Health Insurance Card (EHIC). Some ventured as far as the USA.

6



Patient Aid and Support Provision and management of Aid and Support to renal patients are in the forms of: subventing financial aid in addition to the standard welfare entitlements which was received by over 400 people in 2015. We manage the assessment of patient needs; developing individual and family care plans; liaising with employers, hospital staff, training authorities and educational institutions; initiating and maintaining the process of the patient regaining independence. Information provision via Head Office and the volunteer members of the 25 IKA nationwide branches, including 6 books of Guidelines for Patients, Renal Diet Recipe books and the IKA quarterly Support magazine are all part of the education of patients and carers in print form and online at our website www.ika.ie Support Centre Since 2014 the IKA Renal Support Centre on the grounds of Beaumont Hospital, Dublin 9 has 13 ensuite bedrooms and in 2015 the centre provided for 11% more bed nights at a total of 2,641. 243 different patient families utilised the facility on 714 occasions of which 525 times were for one 1 night only. 170 were for 2-5 nights the remaining 19 were for more than a week. On only 12 nights in the year we were full and a room was not available. Risks and uncertainties In common with many charities, the association recognises that it must maintain and develop its income sources to ensure its current level of service to renal patients. In order to manage this risk, the directors review the sources of income on an ongoing basis. In addition, reserve levels are monitored to ensure that they are maintained at a reasonable level in the context of planned expenditure and future commitments. The association monitors changes to regulations and legislation on an ongoing basis.

Directors and secretary and their interests The names of persons who were directors at any time during the year ended 31 December 2015 are listed on page 3. Unless otherwise stated, they served as directors for the entire year. There was no change since the end of the year. The company is limited by guarantee and does not have a share capital. Therefore the directors and secretary who served during the year did not have a beneficial interest in the company. All directors serve in a voluntary capacity.

Going concern After making appropriate enquiries, the trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

ACCOUNTING RECORDS The measures taken by the Directors to ensure compliance with the requirements of Sections 281 to 285 of the Companies Act 2014 with regard to the keeping of accounting records, are the employment of appropriately qualified accounting personnel and the maintenance of computerised accounting systems. The company's accounting records are maintained at the company's registered office at Donor House, Block 43A, Park West, Dublin 12. POST BALANCE SHEET EVENTS There have been no significant events affecting the company since the year end.

7



FUTURE DEVELOPMENTS The company plans to continue its present activities.

AFFILIATIONS

EKPF European Kidney Patients’ Federation (Austria) IFKF International Federation of Kidney Foundations (Panama) WTGF World Transplant Games Federation (United Kingdom) EDTNA/ERCA European Dialysis and Transplantation Nurses’ Association/

European Renal Care Association (Switzerland) ETDSF European Transplant and Dialysis Sports Federation (Hungary) ERA – EDTA European Renal Association –

European Dialysis and Transplant Association (Italy) DFI Disability Federation of Ireland. ICTR Irish Charities Tax Research Ltd. WHEEL The Wheel Ireland AUDITORS The auditors, PKF O'Connor, Leddy & Holmes Limited, were appointed to office in accordance with section 383 of the Companies Act 2014. This report was approved by the Directors on 18 August 2016 and signed on their behalf by:

Chairman Valerie Brady

Treasurer Stephen O’Sullivan

8



INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE IRISH KIDNEY ASSOCIATION LIMITED We have audited the financial statements of The Irish Kidney Association Limited which comprise the Income Statement, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Cash Flows, the Statement of Changes in Reserves and the related notes. The relevant financial reporting framework that has been applied in their preparation is the Companies Act 2014 and issued by the Financial Reporting Council and promulgated by the Institute of Chartered Accountants in Ireland (Generally Accepted Accounting Practice in Ireland) including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. This report is made solely to the Company's members, as a body, in accordance with Section 391 of the Companies Act 2014. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members as a body, for our audit work, for this report, or for the opinions we have formed. RESPECTIVE RESPONSIBILITIES OF DIRECTORS AND AUDITORS As explained more fully in the Directors' Responsibilities Statement, the Directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view and otherwise comply with the Companies Act 2014. Our responsibility is to audit and express our opinion on the financial statements in accordance with Irish law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Financial Reporting Council's Ethical Standards for Auditors. SCOPE OF THE AUDIT OF THE FINANCIAL STATEMENTS An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error. This includes an assessment of: whether the accounting policies are appropriate to the Company's circumstances and have been consistently applied and adequately disclosed; the reasonableness of significant accounting estimates made by the Directors; and the overall presentation of the financial statements. In addition, we read all the financial and non-financial information in the Directors' Report to identify material inconsistencies with the audited financial statements and to identify any information that is apparently materially incorrect based on, or materially inconsistent with, the knowledge acquired by us in the course of performing the audit. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for our report. OPINION ON FINANCIAL STATEMENTS In our opinion the financial statements: • give a true and fair view, of the assets, liabilities and financial position of the Company as at 31

December 2015 and of its results for the year ended; and • have been properly prepared in accordance with Generally Accepted Accounting Practice in Ireland and

in particular with the requirements of the Companies Act 2014.

9



INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE IRISH KIDNEY ASSOCIATION LIMITED MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY THE COMPANIES ACT 2014 • We have obtained all the information and explanations which we consider necessary for the purposes of

our audit. • In our opinion the accounting records of the Company were sufficient to permit the financial statements

to be readily and properly audited. • The financial statements are in agreement with the accounting records.

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION We have nothing to report in respect of the provisions in the Companies Act 2014 to report to you if, in our opinion, the disclosures of directors' remuneration and transactions specified by section 305 to 312 of the Act are not made.

Susan Wylie for and on behalf of PKF O'Connor, Leddy & Holmes Limited Statutory Audit Firm Century House Harold's Cross Road Dublin 6w Date: 18th August 2016

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10



STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2015

Unrestricted

funds Restricted

funds Total

funds Total funds

Note

2015 �

2015 �

2015 �

2014 �

Income from: Charitable activities 4 1,239,887 318,826 1,558,713 1,603,166

Total income 1,239,887

318,826

1,558,713

1,603,166

Expenditure on: Charitable activities: Other charitable activities 5 1,232,538 262,982 1,495,520 1,606,840 Governance 7 132,349 55,844 188,193 185,673 Total expenditure

1,364,887

318,826

1,683,713

1,792,513

Net expenditure

(125,000)

-

(125,000)

(189,347)

Net movement in funds

(125,000)

-

(125,000)

(189,347)

Reconciliation of funds: Total funds at 1 January 2015 4,702,644 - 4,702,644 4,891,991

Total funds at 31 December 2015

4,577,644

-

4,577,644

4,702,644

All activities relate to continuing operations. The notes on pages 12 to 28 form part of these financial statements.

11



BALANCE SHEET AS AT 31 DECEMBER 2015 2015 2014 Note � � � � Fixed assets Tangible assets 12 3,344,710 3,432,355 Current assets Stocks 13 60,597 56,180 Debtors 14 18,650 86,240 Cash at bank and in hand 15 1,472,271 1,441,969 1,551,518 1,584,389 Creditors: amounts falling due within one

year 16 (48,950) (36,594) Net current assets 1,502,568 1,547,795 Total assets less current liabilities 4,847,278 4,980,150 Creditors: amounts falling due after more

than one year 17 (269,634) (277,506) Net assets

4,577,644

4,702,644

Charity Funds Unrestricted funds 19 4,577,644 4,702,644 Total funds

4,577,644

4,702,644

The financial statements were approved by the Directors on 18 August 2016 and signed on their behalf, by:

................................................ Chairman Valerie Brady

................................................ Treasurer Stephen O’Sullivan

The notes on pages 12 to 28 form part of these financial statements.

12



CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2015 2015 2014

�

�

Cash flows from operating activities

Net Resources Expended (125,000) (189,347)

Adjustment for:

Depreciation charges 100,121 127,776 Amortisation of capital grants (7,872) (7,872) Interest income (11,663) (20,358) Profit on the sale of fixed assets - (50,077) Increase in stocks (4,418) (8,685) Decrease/(increase) in debtors 67,590 (58,911) Increase/(decrease) in creditors 12,357 (971)

Net cash provided by/(used in) operating activities 31,115 (208,445)

Cash flows from investing activities: Interest received 11,663 34,162 Proceeds from the sale of property, plant and equipment - 148,007 Purchase of property, plant and equipment (12,476) (165,846) Net cash (used in)/provided by investing activities (813) 16,323 Change in cash and cash equivalents in the year 30,302 (192,122) Cash and cash equivalents brought forward 1,441,969 1,634,091 Cash and cash equivalents carried forward 1,472,271 1,441,969

13



NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2015 1. Accounting Policies 1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with 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) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2014 The Irish Kidney Association Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

1.2 Going concern

The financial statements have been prepared on the going concern basis. 1.3 Reconciliation with previous Generally Accepted Accounting Practice

In preparing these accounts, the Directors have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required.

No restatements were required.

1.4 Company status

The Company is a company limited by guarantee. The members of the company are the Directors named on page 1. In the event of the Company being wound up, the liability in respect of the guarantee is limited to �1 per member of the Company.

1.5 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Directors in furtherance of the general objectives of the Company and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2015 1. Accounting Policies (continued) 1.6 Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

For legacies, entitlement is taken as the earlier of the date on which either: the Company is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the Company has been notified of the executor's intention to make a distribution. Where legacies have been notified to the Company, or the Company is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

Donated services or facilities are recognised when the Company has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the Company of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to the Directors' Report for more information about their contribution. On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the Company which is the amount the Company would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

1.7 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated to the applicable expenditure headings.

1.8 Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold property - 2% Straight Line Long-term leasehold property - 2% Straight Line Office equipment - 5% & 10% Straight Line Dialysis Unit - 2% Straight Line

15



NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2015 1. Accounting Policies (continued) 1.9 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the Bank.

1.10 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

1.11 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount repaid net of any trade discounts due.

1.12 Cash at Bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.13 Creditors and provisions

Creditors and provisions are recognised where the Company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

16



NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2015 1.14 Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

2.

Taxation The company is established for charitable purposes only and has been granted exemption from taxation under sections 207 and 208 of the Taxes Consolidation Act 1997, reference number CHY6327.

17



NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2015 3. Judgements in applying accounting policies and key sources of estimation uncertainty.

The Directors consider the accounting assumption below to be its critical accounting judgement: Going concern The Directors have prepared budgets and cash flows for a period of at least twelve months from the date of the approval of the financial statements which demonstrate that there is no material uncertainty regarding the company’s ability to meet its liabilities as they fall due, and to continue as a going concern. On this basis the Directors consider it appropriate to prepare the financial statements on a going concern basis. Accordingly, these financial statements do not include any adjustments to the carrying amounts and classification of assets and liabilities that may arise if the company was unable to continue as a going concern.

4. Income from charitable activities

Unrestricted

funds Restricted

funds Total

funds Total funds

2015 �

2015 �

2015 �

2014 �

Fundraising, donations etc unrestricted 934,158 - 934,158 978,474 Bequests 179,955 - 179,955 107,564 Gifts in kind 15,375 - 15,375 30,135 Grants 98,736 318,826 417,562 416,558 Interest receivable 11,663 - 11,663 20,358 Gain on sale of tangible fixed assets - - - 50,077 1,239,887 318,826 1,558,713 1,603,166

In 2014, of the total income from charitable activities, � 1,305,049 was to unrestricted funds and � 298,117 was to restricted funds.

Revenue grants

2015

�

2014 �

Department of Health National Lottery Fund: - - Organ donor card and awareness 150,000 Health Service Executive, Dublin-Mid Leinster: - - Hepatitis C 45,000 50,000 Support Centre 37,982 37,982 Patient support 98,736 99,465 Organ donor card and awareness 180,000 30,000 Department of Social Protection: - - Employment support subsidies 55,844 49,111

Total 417,562 416,558

18



NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2015 5. Analysis of expenditure on charitable activities

Unrestricted

funds Restricted

funds Total

funds Total funds

2015

� 2015

� 2015

� 2014

� Support centre 127,184 37,982 165,166 164,235 Dialysis unit 15,604 - 15,604 45,916 Equipment & research 11,816 - 11,816 6,390 Patient aid & support 676,346 45,000 721,346 708,192 Donor promotions & education 401,588 180,000 581,588 682,107

1,232,538

262,982

1,495,520

1,606,840

In 2014, of the total expenditure, � 1,308,723 was expenditure from unrestricted funds and � 298,117 was expenditure from restricted funds.

19



NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2015

6.

Expe

nditu

re

Go

vern

ance

Su

ppor

t cen

tre

Dial

ysis

uni

t Eq

uipm

ent &

re

sear

ch

Patie

nt a

id &

su

ppor

t

Dono

r pr

omot

ions

& e

Tota

l 20

15

Tota

l 20

14

�

� �

� �

� �

�

Supp

ort c

entre

-

66

,223

-

-

-

-

66,2

23

67

,112

Dial

ysis

units

-

-

1,

871

-

-

-

1,

871

1,

826

Eq

uipm

ent &

rese

arch

-

-

-

5,64

2

-

-

5,

642

16

2

Patie

nt a

id a

nd s

uppo

rt

-

-

-

-

38

9,99

2

-

389,

992

38

2,91

5

Dono

r pro

mot

ions

&

educ

atio

n

-

-

-

-

-

279,

071

27

9,07

1

384,

509

Pr

int,

post

age,

sta

tiona

ry

& te

leph

one

3,

299

63

3

-

31

7

14,1

36

21

,265

39

,650

38,7

53

Tr

avel

& m

eetin

g ex

pens

es

7,

023

1,

149

-

574

24

,578

36,9

00

70,2

24

75

,767

Offi

ce e

xpen

ses

2,

533

35

8

-

17

9

6,26

7

9,31

1

18,6

48

21

,255

Insu

ranc

es

49

1

3,40

1

484

49

1,71

8

2,65

1

8,79

4

8,43

8

Audi

t fee

s

4,52

0

-

-

-

-

-

4,

520

2,

952

Ba

nk c

harg

es

74

3

65

-

33

2,60

9

4,00

2

7,45

2

7,01

0

Serv

ice c

harg

e –

Dono

r Ho

use

1,

945

38

9

-

19

5

6,80

9

10,1

16

19,4

54

16

,512

Amor

tisat

ion

of g

rant

-

(7

,872

)

-

-

-

-

(7

,872

)

(7,8

72)

W

ages

and

sal

arie

s

163,

131

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2,

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4,

376

24

0,66

5

194,

828

67

9,92

3

665,

398

De

prec

iatio

n

4,50

8

26,8

14

10,3

32

45

1

34,5

72

23

,444

10

0,12

1

127,

776

Su

btot

al

18

8,19

3

165,

166

15

,604

11,8

16

72

1,34

6

581,

588

1,

683,

713

1,

792,

513

20



NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2015 7.

Governance costs

Unrestricted

funds Restricted

funds Total

funds Total funds

2015

� 2015

� 2015

� 2014

� Support costs – Governance 20,554 - 20,554 19,316 Wages and salaries 107,287 55,844 163,131 162,023 Depreciation 4,508 - 4,508 4,334 132,349 55,844 188,193 185,673 8. Analysis of resources expended by expenditure type

Staff costs Depreciation Other costs Total Total

2015

� 2015

� 2015

� 2015

� 2014

� Support centre 74,006 26,814 64,346 165,166 164,235 Dialysis unit 2,917 10,332 2,355 15,604 45,916 Equipment & research 4,376 451 6,989 11,816 6,390 Patient aid & support 240,665 34,572 446,109 721,346 708,192

Donor promotions &

education 194,828 23,444 363,316 581,588 682,107

Charitable activities 516,792 95,613 883,115 1,495,520 1,606,840

Expenditure on

governance 163,131 4,508 20,554 188,193 185,673

679,923

100,121

903,669

1,683,713

1,792,513

21



NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2015 9. Net incoming resources/(resources expended)

This is stated after charging: 2015 2014

�

�

Depreciation of tangible fixed assets: - owned by the charity 100,121 127,776 Governance Internal audit costs - -

During the year, no Directors received any remuneration (2014 - �NIL). During the year, no Directors received any benefits in kind (2014 - �NIL). During the year, Directors received reimbursement of expenses �61,716 (2014 - �68,950).

10. Auditors’ remuneration

The Auditor’s remuneration amounts to an Audit fee of �4,520 (2014 - �4,520).

22



NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2015 11. Staff costs

Staff costs were as follows:

2015 2014

�

�

Wages and salaries 679,923 665,398

The average monthly number of employees was: 11 (2014: 11) and the average monthly number of employees during the year expressed as full time equivalents was as follows (including casual and part-time staff):

2015 2014 No. No. 11 11

The Chief Executive Officer was the highest earning employee and received a gross salary of �98,382 (2014: �98,382).

The number of higher paid employees:

2015

�

2014 �

�60,000 - �70,000 1 1 �70,000 - �80,000 1 1 �90,000 - �100,000 1 1 ---- ----

Total 3 3

23



NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2015 �

24



NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2015

�

25



NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2015 13. Stocks 2015 2014

�

�

Patient information books 4,998 9,727 Forget-me-not emblems 29,497 31,731 Organ donor cards and fact files 26,102 14,722 60,597 56,180 14. Debtors 2015 2014 � � Grants receivable 60,000 General debtors 15,428 21,425 Other debtors 1,150 3,016 Prepayments and accrued income 2,072 1,799 18,650 86,240 15. Cash and cash equivalents

2015

�

2014 �

Cash at bank and in hand 1,465,922 1,435,620 Prize bonds 6,349 6,349

Total 1,472,271 1,441,969

16. Creditors:

Amounts falling due within one year 2015 2014

�

�

Creditors and accruals 48,950 36,594

26



NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2015 17. Creditors:

Amounts falling due after more than one year 2015 2014

�

�

Capital grants 269,634 277,506

Capital grants

2015

�

2014 �

At 1 January 277,506 285,378 Amortisation in year (7,872) (7,872) ________ _____

At 31 December 269,634 277,506

In 1998 and 1999 a total of �393,619 of capital grants were received in respect of the Support Centre. These grants are being amortised to the Statement of Financial Activities over the estimated useful life of the Support Centre.

27



NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2015 18. Statement of funds

Brought

Forward Incoming

resources Resources Expended

Carried Forward

� � � �

Unrestricted funds

General funds 4,702,644 1,239,887 (1,364,887) 4,577,644 4,702,644 1,239,887 (1,364,887) 4,577,644 Restricted funds

Restricted funds - 318,826 (318,826) - Total of funds 4,702,644 1,558,713 (1,683,713) 4,577,644 Summary of funds

Brought

Forward Incoming

resources Resources Expended

Carried Forward

� � � � General funds 4,702,644 1,239,887 (1,364,887) 4,577,644 Restricted funds - 318,826 (318,826) - 4,702,644 1,558,713 (1,683,713) 4,577,644 19. Analysis of net assets between funds

Unrestricted

funds Restricted

funds Total

funds Total funds

2015

� 2015

� 2015

� 2014

� Tangible fixed assets 3,344,710 - 3,344,710 3,432,355 Current assets 1,551,518 - 1,551,518 1,578,040 Creditors due within one year (48,950) - (48,950) (36,594) Creditors due in more than one year (269,634) - (269,634) (277,506) 4,577,644 - 4,577,644 4,702,644

28



NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2015 20. Pensions

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to �59,372 (2014: �57,389).

21. Gift in Kind

2015 2014 Advertising 15,375 30,155 ======= ======

22. Related party transactions

There were no related party transactions in the year ended 31 December 2015.

23 Post balance sheet events

There have been no significant events since the end of the year. 24. Company status

The Company is limited by guarantee and consequently does not have share capital.

25. First time adoption of FRS 102

The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or income and expenditure.

26. Approval of financial statements

The board of Directors approved these financial statements for issue on 18 August 2016.

29



the irish kidney association limited...michael patrick kiely, cork (appointed 4 july 2015) kieran...

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