Acceptable Financial Statements by gross annual income of organisation
(Exchange rate used will be that on closing date of ESP 2018-2019 Funding Round)
Organisations with no annual income, i.e. newly formed organisations
Organisations with gross annual income of less than €25,000
Organisations with gross annual income of between €25,001 and €100,000
Organisations with gross annual income of over €100,001
Acknowledgment of ESP funding
We require financial information that clearly demonstrates that the awarded grant was received and that it was spent. In all cases and in all financial reporting, funding received should be explicitly and separately acknowledged as: “Government of Ireland; Emigrant Support Programme”
In compliance with Circular 13/2014 of the Irish Department of Public Expenditure and Reform, audited financial statements or accounts submitted must:
In addition, in line with the requirements set out in the abovementioned Circular, organisations are required to provide details of the number of employees whose total employee benefits (excluding employer pension costs) fall within each band of €10,000 from €60,000 upwards and an overall figure for total employer pension contributions. This requirement applies even if salaries are not being funded under the Emigrant Support Programme.
Supplying unacceptable accounts is a major issue that will hold up your application and is a red flag that ESP grant assessors look out for. Acceptable accounts show in sufficient detail the income and expenditure activities of an organisation and must clearly set out and acknowledge all funding received from the Government of Ireland.
In all cases the financial accounts should respect the principles of clarity, transparency and accountability.
Differences in accounting terminology
We acknowledge that there are differences in accounting terminology, particularly between America and Europe. In all cases if you are unsure of the type or level of accounts or information required please make sure to contact your local Embassy or Consulate for clarification.