Paralympics Ireland

16 | Paralympics Ireland Annual Report | 2019 16 | Paralympics Ireland Financial Statements | 2019 Directors' report Directors' report For the financial year ended 31 December 2019 For the financial year ended 31 December 2019 The directors present their annual report and the audited financial statements for the financial year ended 31 The directors present their annual report and the audited financial statements for the financial year ended 31 December 2019. December 2019. Principal activities Principal activities The principal activity of the company during the financial year was to promote, encourage, support involvement in The principal activity of the company during the financial year was to promote, encourage, support involvement in high performance sport of people with disabilities of an intellectual, physical, high performance sport of people with disabilities of an intellectual, physical, physiological or sensory nature. physiological or sensory nature. Results Results The surplus for the financial year, after taxation, amounted to €208,777 (2018 The surplus for the financial year, after taxation, amounted to €208,777 (2018 - €19,252). €19,252). Directors Directors The directors who served during the financial year were: The directors who served during the financial year were: John Fulham (President) John Fulham (President) Eimear Breathnach (Vice President) Eimear Breathnach (Vice President) Mairead Farquharson (Vice President) Mairead Farquharson (Vice President) Brendan Jennings Brendan Jennings Jennifer Chamberlaine Jennifer Chamberlaine Lisa Clancy Lisa Clancy Pat McGinty (resigned 5 December 2019) Pat McGinty (resigned 5 December 2019) Eoghan Clifford Eoghan Clifford Tony Dignam Tony Dignam Louise Reilly (appointed 5 December 2019) Louise Reilly (appointed 5 December 2019) Political contributions Political contributions There was no political contributions during the financial year. There was no political contributions during the financial year. Accounting records Accounting records The measures taken by the directors to ensure compliance with the requirements of Sections 281 to 285 of the 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 t Companies Act 2014 with regard to the keeping of accounting records, are the employment of appropriately he keeping of accounting records, are the employment of appropriately qualified accounting personnel and the maintenance of computerised accounting systems. The company's qualified accounting personnel and the maintenance of computerised accounting systems. The company's accounting records are maintained at the company's registered office at Irish Sport H accounting records are maintained at the company's registered office at Irish Sport HQ, National Sports Campus, Q, National Sports Campus, Blanchardstown, Dublin 15. Blanchardstown, Dublin 15. Events since the end of the financial year Events since the end of the financial year Subsequent to the financial year end, the Global health crisis of Covid 19 impacted Ireland which also gave rise to Subsequent to the financial year end, the Global health crisis of Covid 19 impacted Ireland which also gave rise to an economic crisis. Details of the direc an economic crisis. Details of the directors consideration of Covid 19 on the operations and finances of tors consideration of Covid 19 on the operations and finances of Paralympics Ireland are included in note 15 to the financial statements. Paralympics Ireland are included in note 15 to the financial statements. Future developments Future developments The company plans to continue in its present activities. The company plans to continue in its present activities.

• Cover