Committee Reports::Interim and Final Report - Appropriation Accounts 1964 - 1965::17 November, 1966::Appendix


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APPENDIX XXVI.

AN FORAS TALÚNTAIS—ACCOUNTS FOR YEAR ENDED 31st MARCH, 1965

Capital Grant Account

Account of Receipts and Payments for the year ended 31st March, 1965

			Receipts in year ended 31st March, 1965			Cumulative Receipts to 31st March, 1965							Payments in year ended 31st March, 1965			Cumulative Payments to 31st March, 1965
			£	s.	d.	£	s.	d.					£	s.	d.	£	s.	d.
Non-Repayable State Grant	..	..	15,000	0	0	15,000	0	0	Provision of new facilities for carrying out Agricultural Research:—
Balance at 31st March, 1965:
									Dairying Research Laboratory,
Amount due to Bank	..	..	228	2	7	228	2	7	Moorepark	..	..	..	12,781	3	7	12,781	3	7
									General Purpose Farm Building,
									Dungarvan	..	..	..	2,446	19	0	2,446	19	0
			£15,228	2	7	£15,228	2	7					£15,228	2	7	£15,228	2	7

Endowment Fund of An Foras Talúntais

Account of Receipts and Payments for the year ended 31st March, 1965, of the Endowment Fund established under Section 11 of the Agriculture (An Foras Talúntais) Act, 1958 (No. 1 of 1958).

					£	s.	d.					£	s.	d.	£	s.	d.
Balance at 1st April, 1964			..	..	1,002,676	18	5	Cost in Investments held at 1st
								April, 1964	..	..	..				1,006,703	9	11
Cost price of Investments returned
on realisation		..	..	..	11,967	15	0	Loss on realisation of Investments							69	19	11
Cost of Investments held at 31st March,								Cost price of Investments
1965	..	..	..	..	1,002,431	10	2	purchased	..	..	..				7,695	15	3
								Balance at 31st March, 1965:—
								Cost of Investments held			..	1,002,431	10	2
								Cash at Bank		..	..	175	11	4
															1,002,607	1	6
					£2,017,076	6	7								£2,017,076	3	7

Capital Fund of An Foras Talúntais

Account of Receipts and Payments for the year ended 31st March, 1965 of the Capital Fund established under Section 10 of the Agriculture (An Foras Talúntais) Act, 1958 (No. 1 of 1958).

					Receipts in year ended 31st March, 1965			Cumulative Receipts to 31st March, 1965								Payments in year ended 31st March, 1965			Cumulative Payments to 31st March, 1965
					£	s.	d.	£	s.	d.						£	s.	d.	£	s.	d.
Transfer of Grant from Grant											Cost of Investments held at 1st April,
Counterpart Special Account			..	..	—			840,000	0	0	1964	..	..	..	..	99,037	10	0
Balance, at 1st April, 1964			..	..	110,253	13	7	—			Cost price of Investments purchased				..	315,940	16	8
Cost price of Investments returned											Provision of new facilities for carrying
on realisation		..	..	..	335,988	6	8				out agricultural research for and
Profit on realisation of Investments				..	—			46,454	16	2	under the control of the Institute:—
Cost of Investments held at 31st March,											Purchase of lands, buildings and
1965	..	..	..	..	58,990	0	0				equipment		..	..	..	51,876	9	8	807,578	19	4
											Institute Headquarters:—
											Purchase of premises (including
											renovation and decoration)				..	—			20,493	12	11
											Balance at 31st March, 1965:—
											Cost of Investments
											held	..	£58,990	0	0
											Loss; due to Bank		612	16	1
																58,377	3	11	58,377	3	11
					£525,232	0	3	£886,454	16	2						£525,232	0	3	£886,454	16	2

AN FORAS TALÚNTAIS

INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31st MARCH, 1965

					£	s.	d.	£	s.	d.						£	s.	d.	£	s.	d.
Stocks at 1st April, 1964				..	395,676	0	0				Investment Interest:
Headquarters:											Capital Fund		..	..	..	3,889	12	4
(Including Remuneration and Expenses of Council, Director, Agricultural Liaison, Scientific Liaison, Statistics Dept., Buildings Dept.,											Endowment Fund			..	..	54,229	7	3
Library and Secretariat)				..				111,826	6	1	Income and Expenditure Account (Including Deposit)
											Interest)		..	..	..	2,964	8	6
																			61,083	8	1
Agricultural Research											Grants, Donations, etc. by Outside
											Bodies	..	..	..	..				87,044	5	4
Divisions:											Sale of Produce and other receipts								182,532	13	8
(Including Salaries, Wages and General Operating Costs)											State Grant		..	..	..				1,016,250	0	0
Animal		£	s.	d.
Production		207,799	1	3
Horticulture & Forestry		48,967	5	1
Plant Sciences and Crop Husbandry		111,118	13	9
Rural Economy		112,910	19	9
Soils	..	163,492	5	10
					644,288	5	8
Research Stations:
(Including Salaries, Wages and
General Operating Costs)				..	584,761	10	8
					1,736,552	2	5
Less; Closing Stocks			..	..	517,667	0	0
								1,218,885	2	5
Grants for Agricultural Research								4,424	6	4
Scholarships etc. for Post-graduate
Agricultural Research			..	..				2,562	1	1
Study Courses, Seminars,
Conferences		..	..	..				953	2	6
Training	..	..	..	..				5,959	0	7
Balance being excess of Income
over Expenditure			..	..				114,126	14	2
								£1,346,910	7	1									£1,346,910	7	1

AN FORAS TALÚNTAIS

BALANCE SHEET AS AT 31st MARCH, 1965

LIABILITIES											ASSETS
					£	s.	d.	£	s.	d.					£	s.	d.	£	s.	d.
Bank	..	..	..	..				36,232	1	0	Lands and Buildings (including property accepted under Section 16 of the Agriculture (An Foras
Property accepted under Section 16 of the Agriculture (An Foras Talúntais) Act, 1958											Talúntais) Act, 1958)			..				935,305	14	10
Lands and Buildings				..	92,000	0	0				Investments at Cost		..	..				1,061,421	10	2
Stocks		..	..	..	80,428	12	7
								172,428	12	7	Stocks
Capital Fund		..	..	..				886,454	16	2	Livestock	..	..	..	149,774	0	0
Endowment Fund			..	..				1,002,607	1	6	Farm Produce	..	..	..	13,775	0	0
Capital Grant Account				..				15,000	0	0	Machinery	..	..	..	301,218	0	0
Income and Expenditure Account											General Supplies		..	..	52,900	0	0	517,667	0	0
Balance to 31st March, 1964				..	287,544	19	7
Balance for year ended 31st
March, 1965			..	..	114,126	14	2
								401,671	13	9
								£2,514,394	5	0								£2,514,394	5	0
											Note: Market value of Investments held at 31st March, 1965: £1,028,606 14s. 7d.

	J.G. LITTON, Chairman,	T. WALSH, Director.
	3rd December, 1965.	3rd December, 1965.

REPORT OF THE COMPTROLLER AND AUDITOR GENERAL.

I have examined the foregoing Accounts and Balance Sheet as required by Section 19 of the Agriculture (An Foras Talúntais) Act, 1958. They have been prepared in the form approved by the Minister for Agriculture and Fisheries, and are as shown by the books of An Foras Talúntais. I have obtained all the information and explanations that I have required. In my opinion these Accounts and Balance Sheet are properly drawn up so as to exhibit a true and fair view of the transactions of An Foras Talúntais for the year ended 31st March, 1965, and of the state of its affairs at that date. I have no observations to make upon them.

	E. F. SUTTLE,
10th December, 1965.	Comptroller and Auditor General.