Company registration number: 336503

Sligo Centre for Independent Living
Company Limited by Guarantee

Financial statements

for the financial year ended 31 December 2020 

Report on the audit of the financial statements


We have audited the financial statements of Sligo Centre for Independent Living Company Limited by Guarantee for the year ended 31st December 2020 which comprise the Statement of Income and Retained Earnings, the Balance Sheet, and the related notes on pages 11 - 19, including the summary of significant accounting policies set out in note 2. The financial reporting framework that has been applied in their preparation is Irish Law and FRS 102 The financial reporting standard applicable in the UK and Republic of Ireland, applying Section 1A of that Standard.

In our opinion the financial statements:
-  give a true and fair view of the assets, liabilities and financial position of the company as at 31st December 2020 and of its profit for the year then ended;
- have been properly prepared in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland; applying Section 1A of that Standard; and
- have been properly prepared in accordance with the requirements of the companies Act 2014.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (Ireland) (ISAs (Ireland)) and applicable law. Our responsibilities under those standards are described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Company in accordance with ethical requirements that are relevant to our audit of financial statements in Ireland, including the Ethical Standard for Auditors (Ireland)  issued by the Irish Auditing and Accounting Supervisory Authority (IAASA), and the Provisions Available for Audits of Small Entities, in the circumstances set out in note 14 to the financial statements,, and we have fulfilled our other ethical responsibilities in accordance with these requirements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors’ use of the going concern
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to
events or conditions that, individually or collectively, may cast significant doubt on the Company’s ability
to continue as a going concern for a period of at least twelve months from the date when the financial
statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described
in the relevant sections of this report.

Joseph Casey
Joseph Casey
For and on behalf of
Casey Kavanagh & Company
Chartered Accountant and Statutory Auditor Firm
44 John Street
Sligo Date: 15th June 2021

Statement of income and retained earnings

Financial year ended 31 December 2020

                                                                                                            2020                    2019

Turnover                                                                                           2,104,972         1,939,202

                                                                                                           _______          _______
Gross profit                                                                                        2,104,972         1,939,202

Administrative expenses                                                                    (2,067,494)     (1,863,561)
Other operating income                                                                           16,258             16,258
                                                                                                            _______            _______
Operating Surplus                                                                                    53,736             91,899

Other interest receivable and similar income                                                    5                    13
                                                                                                              _________            ________
Surplus for the financial year before taxation                                             53,741             91,912

Tax on surplus
_______ _______
Surplus for the financial year                                                                       53,741              91,912
                                                                                                              ___________          _______

Retained earnings at the start of the financial year                                    513,476             421,564
                                                                                                               __________              ________
Retained earnings at the end of the financial year                                     567,217              513,476
                                                                                                                _________             ________

Balance Sheet

As at 31 December 2020

                                                                                                                    2020                                            2019
                                                                                                                 €                 €                            €                      €

Fixed assets
Tangible assets                                                                              207,269                                     233,046
                                                                                                      _______                                     _______
                                                                                                                            207,269                                             233,046

Current assets
Debtors                                                                                          188,340                                     153,966
Cash at bank and in hand                                                              322,061                                     349,241
                                                                                                       _______                                     _______
                                                                                                       510,401                                     503,207

Creditors: amounts falling due
within one year                                                                                 (69,166)                                 (125,232)
                                                                                                          _______                                    _______

Net current assets                                                                                                 441,235                                             377,975
                                                                                                                              _______                                            _______
Total assets less current liabilities                                                                         648,504                                             611,021

Creditors: amounts falling due
after more than one year                                                                                        (81,287)                                            ( 97,545)

                                                                                                                                _______                                         _______
Net assets                                                                                                                567,217                                             513,476
                                                                                                                               _______                                            _______

Capital and reserves
Income and expenditure account                                                                             567,217                                             513,476
                                                                                                                               _______                                             _______
Members funds                                                                                                         567,217                                             513,476
                                                                                                                                _______                                               _______

These financial statements have been prepared in accordance with the Small Companies Regime.

These financial statements were approved by the board of directors on 15 June 2021 and signed on behalf of the board by:

Arthur Gibbons                                                                                          Maureen Casey
Arthur Gibbons                                                                                           Maureen Casey
Director                                                                                                       Director