Committee Reports::Interim and Final Reports of the Committee - Appropriation Accounts 1966 - 1967::27 June, 1968::Appendix


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Committee Reports > List of Committees > Dáil > 1968 > Committee of Public Accounts > Interim and Final Reports of the Committee - Appropriation Accounts 1966 - 1967

APPENDIX 22.

AN FORAS TALÚNTAIS—ACCOUNTS FOR YEAR ENDED 31st MARCH, 1967

CAPITAL FUND

Account of Receipts and Payments for the year ended 31st March, 1967, 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, 1967	Cumulative Receipts to 31st March, 1967				Payments in year ended 31st March, 1967	Cumulative Payments to 31st March, 1967
				£	£				£	£
Transfer of Grant from Grant Counterpart Special Account				—	840,000	Cost of Investments at 1st April, 1966	..	..	45,000	—
Balance at 1st April, 1966			..	39,465	—	Provision of new facilities for carrying out agricultural research for and under the control of the Institute:—
Profit on Realisation of
Investments	..	..	..	—	46,455
Net Cost of Investments at 31st						Purchase of lands,
March, 1967		..	..	45,000	—	buildings and equipment			1,195	827,686
						Institute Headquarters:—
						Purchase of premises (including renovation and
						decoration)	..	..	—	20,499
						Balance at 31st March, 1967:
						Cost of
						Investment	..	£45,000
						Less Due to Bank		£6,730
									38,270	38,270
				£84,465	£886,455				£84,465	£886,455

AN FORAS TALÚNTAIS

CAPITAL GRANT

Accounts of Receipts and Payments for the year ended 31st March, 1967

			Receipts in year ended 31st March, 1967	Cumulative Receipts to 31st March, 1967				Payments in year ended 31st March, 1967	Cumulative Payments to 31st March, 1967
			£	£				£	£
State Grants	..	..	100,000	240,000	Balance at 1st April, 1966		..	2,552	—
Other Income	..	..	250	250	Provision of new facilities for carrying out Agricultural Research:—
					Moorepark
					Dairying Research
					Laboratory	..	..	79,681	170,234
					Purchase of New Land		..	—	15,169
					Official Residence		..	117	5,784
					Dungarvan
					Apple Store	..	..	9,807	17,901
					General Purpose Farm
					Building	..	..	76	5,710
					Kinsealy
					Mushroom Unit	..	..	4,305	10,512
					Dunsinea
					Calf/Lamb House		..	—	3,125
					Clonroche
					Staff Hostel	..	..	—	2,003
					Termonfeckin, Co. Louth Farm Housing Research
					Laboratory	..	..	3,351	9,451
					Balance at 31st March, 1967			361	361
			£100,250	£240,250				£100,250	£240,250

AN FORAS TALÚNTAIS

ENDOWMENT FUND

Account of Receipts and Payments for the year ended 31st March, 1967, of the Endowment Fund established under Section II of the Agriculture (An Foras Talúntais) Act, 1958 (No. 1 of 1958)

				£							£
Balance at 1st April, 1966	..	..	..	1,002,607	Cost of Investments at 1st April, 1966				..		1,002,432
*Proceeds from sale of fraction of share			..	1	Balance at 31st March, 1967:—
					Cost of Investments	..	..	..	..	£1,002,431
					Cash at Bank	..	..	..	..	176
											1,002,607
Cost of Investments at 31st March, 1967			..	£1,002,431
				£2,005,039							£2,005,039

AN FORAS TALÚNTAIS

AGRICULTURE (AN FORAS TALÚNTAIS) ACT, 1958 (NO. 1 of 1958)

INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31st MARCH, 1967

INCOME									Total
Investment Interest:								£	£
Endowment Fund		..	..	..	..	..	..	55,309
Capital Fund	..	..	..	..	..	..	..	2,641
									57,950
Grants and Donations from Outside Bodies					..	..	..		101,301
Sale of Livestock, Produce and Miscellaneous Receipts							..		195,497
State Grant	..	..	..	..	..	..	..		1,286,000
									£1,640,748

EXPENDITURE

						Council, Director and Head-quarters	Animal Husbandry and Dairying Division	Animal Sciences Division	Horticulture and Forestry Division	Plant Sciences and Crop Husbandry Division	Rural Economy (including Economic Test Farms) Division	Soils Division	Total
						£	£	£	£	£	£	£	£
Salaries and Wages		..	..	..	..	110,814	220,863	95,616	119,442	139,499	94,318	273,920	1,054,472
Travelling and Subsistence			..	..	..	11,076	13,287	5,057	7,862	10,177	17,295	15,004	79,758
Laboratory Equipment and Supplies				..	..	—	12,647	10,700	2,833	4,954	2,050	17,190	50,374
Machinery, Vehicles, Office Equipment and
Loose Tools	..	..	..	..	..	1,449	12,964	3,774	3,819	1,716	3,891	7,324	34,937
Fertilizers and Feeding Stuffs			..	..	..	9	56,094	5,102	8,972	4,270	4,739	7,463	86,649
Livestock and Poultry, including Veterinary
Supplies and Services			..	..	..	—	41,618	6,168	1,152	8,130	3,637	7,008	67,713
General Operating Expenses (Schedule 1)					..	30,573	61,874	14,274	29,197	30,220	20,127	42,971	229,236
						£153,921	£419,347	£140,691	£173,277	£198,966	£146,057	£370,880	£1,603,139

Stocks at 1st April, 1966	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	530,880
																			£2,134,019
Less Closing Stocks, 31st March, 1967			..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	538,183
																			£1,595,836
Grants for Agricultural Research		..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	4,507
Scholarships etc. for Post Graduate Agricultural Research						..	..	..	..	..	..	..	..	..	..	..	..	..	6,045
Study Courses, Seminars and Conferences				..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	3,775
Staff Training	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	..	22,969
Balance Being excess of Income over Expenditure					..	..	..	..	..	..	..	..	..	..	..	..	..	..	7,616
																			£1,640,748

TADHG TWOMEY, Chairman,	T. WALSH, Director.
9th November, 1967.	9th November 1967.

AN FORAS TALÚNTAIS

GENERAL OPERATING EXPENSES

SCHEDULE 1

				Council Director and Headquarters	Animal Husbandry and Dairying Division	Animal Sciences Division	Horticulture and Forestry Division	Plant Sciences Division	Rural Economy (including Economic Test Farms) Division	Soils Division	Total
				£	£	£	£	£	£	£	£
Publications, Advertising,
Publicity	..	..	..	11,829	201	—	78	95	254	55	12,512
Postage, Telephones,
Electricity		..	..	10,917	29,543	6,870	14,123	12,159	6,645	15,515	95,772
Library (including Purchase
of Books and Journals)			..	1,172	1,695	789	680	1,918	607	2,252	9,113
Stationery and Printing			..	3,682	1,886	867	875	988	1,186	1,360	10,844
General Maintenance			..	423	15,324	2,244	5,326	6,297	5,851	10,890	46,357
Petrols, Oils, Greases, Repairs to Machinery and
Vehicles	..	..	..	104	11,881	1,799	2,334	2,560	2,730	8,663	30,071
Miscellaneous		..	..	2,446	1,344	1,705	5,779	6,203	2,854	4,236	24,567
Total			..	£30,573	£61,874	£14,274	£29,197	£30,220	£20,127	£42,971	£229,236

AN FORAS TALÚNTAIS

AGRICULTURE (AN FORAS TALÚNTAIS) ACT, 1958 No. 1 of 1958)

BALANCE SHEET AS AT 31st MARCH, 1967

LIABILITIES										ASSETS
								£	£								£	£
Property accepted under Section 16 of the Agriculture (An Foras Talúntais) Act, 1958										Lands and Buildings (including property accepted under Section 16 of the Agriculture (An Foras
Lands and Buildings				..	..	..	..	92,000		Talúntais) Act, 1958) at cost or at valuation at date
Stocks		..	..	..	..	..	..	80,429		of takeover		..	..	..	..	..		1,180,074
									172,429
Capital Fund Account				..	..	..	..		886,455	Investments at Cost		..	..	..	..	..		1,047,431
Capital Grant Account				..	..	..	..		240,250
Endowment Fund Account					..	..	..		1,002,607	Stocks as valued by the Institute’s Officials
Income and Expenditure Account										Livestock	..	..	..	..	..	..	161,720
Balance at 31st March, 1966					..	..	..	403,626		Farm Produce		..	..	..	..	..	4,976
Year ended 31st March, 1967					..	..	..	7,616		Machinery and Laboratory Equipment					..	..	307,702
									411,242	General Supplies		..	..	..	..	..	63,785
Bank	..	..	..	..	..	..	..		52,705									538,183
										Note: Market vale of Investments held at 31st March, 1967: £967,082.
									£2,765,688									£2,765,688

TADGH TWOMEY, Chairman.	T. WALSH, Director.
9th November, 1967.	9th November, 1967.

REPORT OF THE COMPTROLLER AND AUDITOR GENERAL.

The foregoing Accounts and Balance Sheet are, as required by Section 19 of the Agriculture (An Foras Talúntais) Act, 1958, in the form approved by the Minister for Agriculture and Fisheries. I have obtained all the information and explanations which I considered necessary for the purpose of my audit. 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, 1967, and of the state of its affairs at that date, and are as shown by the books of An Foras Talúntais. I have no observations to make upon them.

E. F. SUTTLE,

Comptroller and Auditor General.

13th November, 1967.

*Note:—During the year, 3,125 shares of £1 each, Munster & Leinster Bank Ltd. were exchanged for 5,781 shares of £1 each, Allied Irish Banks Ltd., fractions being settled in cash.