Paralympics Ireland

| 35 Paralympics Ireland Annual Report | 2019 | 35 Paralympics Ireland Financial Statements | 2019 Notes to the financial Notes to the financial statements statements For the financial year ended 31 December 2019 For the financial year ended 31 December 2019 12. 12. Creditors: Creditors: Amounts falling due within one year (continued) Amounts falling due within one year (continued) The terms of accruals and deferred income are based on underlying contracts. Included in the deferred The terms of accruals and deferred income are based on underlying contracts. Included in the deferred income is the grant from Sport Ireland detailed below: income is the grant from Sport Ireland detailed below: Name of Name of Grantor Grantor Grant Type Grant Type Term of Term of Grant Grant Deferr Deferred ed income 2018 income 2018 Amounts Amounts awarded from awarded from Sport Ireland Sport Ireland Amounts taken Amounts taken to the income to the income period period Deferred Deferred income income 2019 2019 Sport Ireland Sport Ireland Core Grant Core Grant 1 year 1 year - 400,000 400,000 400,000 400,000 - Sport Ireland Sport Ireland Women in Sport Women in Sport Grant Grant 2 years 2 years - 30,000 30,000 15,000 15,000 - Sport Sport Ireland Ireland Carding Grant Carding Grant 1 year 1 year - 367,000 367,000 367,000 367,000 - Sport Ireland Sport Ireland Performance Performance Grant Grant 1 year 1 year - 700,000 700,000 700,000 700,000 - Sport Ireland Sport Ireland Tokyo Grant Tokyo Grant 1 year 1 year 123,000 123,000 250,000 250,000 123,000 123,000 250,000 250,000 Included in the Women in Sport Grant awarded is Included in the Women in Sport Grant awarded is €15,000 that will be received in 2020 and brought to the €15,000 that will be received in 2020 and brought to the income statement in 2020. income statement in 2020. There is no duplication of funding for the same activity in the Sport Ireland Grants listed above. There is no duplication of funding for the same activity in the Sport Ireland Grants listed above. 2019 2019 2018 2018 € € Other taxation and social Other taxation and social insurance insurance PAYE/PRSI PAYE/PRSI 18,752 18,752 12,389 12,389 13. 13. Company status Company status Paralympics Ireland CLG is a company not having a share capital. Every member undertakes to contribute Paralympics Ireland CLG is a company not having a share capital. Every member undertakes to contribute to the assets of the company, in the event of same being wound up while they to the assets of the company, in the event of same being wound up while they are still a member or within are still a member or within year after they cease being a member, for payment of the debt and liabilities of the company contracts before year after they cease being a member, for payment of the debt and liabilities of the company contracts before they cease to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of they cease to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the right the right of the contributories amount themselves, such amount as may be required not exceeding €1.00. of the contributories amount themselves, such amount as may be required not exceeding €1.00. 14. 14. Boccia Boccia In 2016, Paralympics Ireland commenced the managing of the governance of Boccia Ireland. The total In 2016, Paralympics Ireland commenced the managing of the governance of Boccia Ireland. The total income received from Sports Ireland in 2019 for Boccia Ireland was €Nil (2018: €22,500). During 2019, income received from Sports Ireland in 2019 for Boccia Ireland was €Nil (2018: €22,500). During 2019, Boccia Ireland also received donations and membership f Boccia Ireland also received donations and membership fees totaling €2,217 (2018: €504). Expenditure ees totaling €2,217 (2018: €504). Expenditure Boccia Ireland also received donations and membership f Boccia Ireland also received donations and membership fees totaling €2,217 (2018: €504). Expenditure Boccia Ireland also received donations and membership f Boccia Ireland also received donations and membership f incurred in 2019 was €1,627 (2018: €29,484). These amounts are reflected in the financial statements. incurred in 2019 was €1,627 (2018: €29,484). These amounts are reflected in the financial statements.

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