Company No: N1037402 Cbarity No: NIC100073 An Gaeiaras Limited (A Company Limited by Guarantee) Accounts for the year ended 31 March 2025
An Gaelara5 Limited (A Company Limited by Guarantee) Contents Page Infonnation Directors, Report Independent Auditor's report 8-12 Siatement of Financial Activities 13 Balance sheet 14 Statement of C&sl)floivs 15 Notes to the accounts 16-24
An Gaelaras Limited (A Company Limited by Guarantee) Information Charity Number NIC 100073 Company Number N1037402 Directors Deaglan O Mochain Mary Mccallion Laurence Mccurry Bernadette Heery Fiachra Mackle Nicole Rabbet Antoin De Brun Dr Katie Nic Aindreasa Dr Éamonn O Ciardha Sinead Coyle (Cathaoirleachlchairperson) Appointed 2 1st October 2025 Appointed 14th November 2024 Resigned 14th November 2024 Resigned 1st April 2025 Resigned 31 st October 2024 Resigned 27th October 2025 Resigned 27th October 2025 Audltors McGroaty Mccaffety & Company Accountants & Registered Auditors 2 Carlisle Terrace Derry BT48 6JX Registered Office Cultiirlann Uf Chanain 37 Morshraid Sliémais Doir¢ BT48 7Dr Business address 37 Morshraid Shémais Doire BT48 7DF Bankers Banc na hÉireannlBank of Ireland 27 Culmore Road Doire/Derry BT48 8JB Solieitors Jack Quigley Solicitors 37 Clarendon Street Derry BT48 7ER Page I
An GaeIaras Limited (A Company Limited by Guarantee) Report of the directors for the year ended 31 March 2025 The directors present th¢ir report and the financial statements for the year ended 31 March 2025. The directors of An Gaelaras Limit¢d for tli¢ purposes of company law and who serv¢d during the year and up to tlie date of this report ar¢ as follows: Deaglan O Mocliain Nicole Rabbet- Resigned 14th November 2024 Mary Mccallion Dr Éamonn O Ciardha- Resigned 27th October 2025 Laurence Mccurry Antoin De Brun - Resigned 1st April 2025 Bernadette Heery- Appointed 21 st October 2025 Dr Katie Nic Aindreasa- Resigned 31tli October 2024 Fiachra Mackle - Appointed 1411] November 2024 Sinead Coyle- Resigiied 27th October 2025 Chairperson Introduction I'd like to start by paying tribute to the previous chair, Mary Nic Ailln, who gave liuge ¢oinmitment and energy to the role in a period of significant transition, including lielping to manage a change in leadetship in the organisation. Tlie main development this year is the departure of our previous director, Siubhan Nlc Amlilaoibli in April 2025. On behalf of thc board I'd like to tliank her for lier professionalism and commitment, and for all her liard work over the past two years. We wish her well in lier new role with Gael Linn. We liave subsequently recruited a new director, Jack Mac fiomhair, who started in September 2025, and we are very much looking forward to working with him to advance the aims of the organisation over tlie next feiv years. Otlier members of staff to depart include Peter Doherty, our events Inanager, Ivlio leaves an incredible legacy in respect of IMBOLC, our annual music festival, now approaching its l Oth year. Peter ha5 b¢en replaced by Ryaii Harling, wlio liad previously done a fantastic job in charge of mark¢ting. Paul McIntyre moved on from the role as A¢adainh coordinator, and was replaoed by Orla Ni Chorra8ain initially, and more recently by Saoirse Barbour. We look forward to a period of stability, growth and development of tlie Acadamh, and are always excited to see our young performers coming through Feiseanna and fieadhanna, and perfomiing in tlie Cultiirlann and elsewhere. Cara McLouglilin also moved on from tlie Muintereas project, and was replaced by Amanda Koser-Gillespie, and we also welcomed Lauren Nl Néill back to tlie Culturlann as project ofricer for the UU affiliated FLOURISH project. Our lieartfelt thanks to those wlio have left, and a very big wclcome to the new Inembers of staff, and we look fonvard to their contribulion alongside our existing team members. In temis of board membership, we welcomed Fiachra Mackle, and we said farewell to a number of fonner board meiiibers for various reasons, including Dr. Katie Mac Aindreasa, Nicole Rabbet, Antoin De Brun and Grace Ni Niallais. We thank them all for their valuable input and continued support. We also welcomed An Creann Beatha Cafe to An Chulturlann, and they have brought a lot of energy and life to the building. We ivould like to tliank all of our existing tenants for their ongoing support, including The North West Academy, In Your Space Circus, Tlie Soundworks, and An Ciste Infliestiochta Gaeilge. Page 2
An Gaelaras Limited (A Company Limited by Guarantee) Report of the directors for the year ended 31 March 2025 A big thanks too to our funders: Foras na Gaeilge, The Arts Council, Th¢ Department of Foreign Affairs, The Community Relations Council, Derry City and Strabane District Council, as woll as the Ultach Trust. The Education Authorily continues to fund Club Oige Setanta our all Irish youth club, one of only 2 all Irish clubs funded through this sclieme, and we have recently secured two additional funded positions through Peace Plus. We would not be able to achieve our objectives without this ongoing help and support from th¢ groups m¢ntioiied above and we hope we have repaid their confidence through the quality and breadth of our programmes and activities. We would like to pay tribute to our various departirjents, as we had our usual extremely busy year, book ended by Imbolc in February, and our Halloween aiid Christmas Celebrations. In between we had a very busy Seachtain na Gaeilge, summer schemes, numerous events, talks, classes, trips, book launches and concerts. It was anotlier very good year overall, with Iiundreds of regular attendees at our various classes, and thousands of visitor5 to our festivals and otlier activitics. Culturlann Ul Chanain remains one of the most active, and innovative Irish language organisations in the country> and we are extremely grateful to our departments and full time and part time staff members for their hard work and dedication. Our ancilliary and support staff are a crucial part of tlie Culturlanii, and we also want to liigliliglit ilieir dedication and commitment to the work of tlie organisation. Tlie Inain challenge we faced over the financial year relates to running costs such as electricity, and water, as they continue to rise beyond our control, as well as other fixed costs involving services, insurance, and ongoing repairs. Everyone's rate has risen over the past year, while funds reinain static, creating real difficulties for the staff, in terms of cost of living, and for the organisation, in ternis of balancing our budget. We are committed to working with the new dire¢tor to identify new sources of funding, particularly unrestricted funding and the exploitation of our existing heritage assets, This work has already started. and will be discussed further as part of a strategic focus on finances before the end of 2025, with tlie aim of approacliiiig tlie 25-26 year with renewed optimism and confidence. Deagian O Moeliain, Cothaoirleach an Bhoird Our Alms and Objcetives An Gaeiaras Limited is a charity, which was established to promote the Irisli language and Irish culture in Derry and the north west. The organisation's vision is to create a shared, biliiigual cominunity, invested in Irisli culture in tlie broadest sense. We nurture the Irish language and Irish culture, connecting generations and communilies, througli education, celebration and creativity. We have values that are important in the work we do, and these values are empatliy, community, appreciation, gratitude and integrity. In order to contribute to the cliaritable goals of the organisation, throughout the year 24-25 we undertook the following events: Our educational department taught around 400-450 people weekly through formal classes, conversation classes, masterclasses, intensive courses, social events and trips to the Gaeltacht. We also taught Irish to 400+ people, with 4x intensive courses, Iveekly classes and classes over the summer. In additional, we ran a programme of weekly introductions to language and culture for younger children not attending Irish medium education. Page 3
An Gaeiaras Limited (A Company Limitcd by Guarantee) Report of the directors for the year ended 31 March 2025 Our Cross community department taught 5 classes p¢r w¢¢k to non Iraditional Icamers of Irish, including members of the PUL community, n¢w arrivals to the country and otliers. It also organised talks. seminars and languag¢ Klated workshops ill coinmunity groups and schools. Our youtl) service - Club Oige Setanta- is an Irish language youth club that meets the needs of youiig Irish speakers in the city. It offered youth services three nights a week, as well as additional youtli related trips and events, including a well attended suininer sclieme. Our music acadeiny taught musi¢ to 300+ people throughout the academic year, and organised additional perforinances, including at tlie Feis and Fleadli, as well as showcases, facilitating musi¢ grades and a suminer worksl)op. Our culture and arts departinent had anollier successful year including the annual IMBOLC festival in February, and various concerts, book launches, talks, poetry readings and other events througliout the year. We continued to work with partners in building the community wealth of Derry community, including our ongoing commitment to protect and utilise the heritage buildings under our custodianship. The board and the team Continued to work on our 2024-27 strategy bkLsed on 5 major goals for the coming years: Teaching Irish and traditional music through a range of fonnal and informal leaming opportunities. To provide a broad artistic program, focusing on creating opportunities for education and creativity tlirough tlie medium of Irisli, and th¢ traditional Irish arts, and to hold ¢xhibitions of th¢ b¢st Irish and Irish artists. To provide an Irish youlli club tliat provides language, Culture and leadership opportunities, and links to Ihe widcr program of the Ul Chanain Cultural Centre and tlie regional needs of Irish medium youtl) services. Inlroducing non traditional learners to tlie Irish laiiguage and tlie arts, especially those from a broad PUL background, and wlio are not traditionally associated witli the Irish language, and to use tli¢ language to foster links between differcnt communities in Derry and the nortli-west. Building a strong organisation, developing staff, managing human and pliysical resources, financial resources, maintaining positive relationships With Stakeholders wliile practising high standards of goveriiance. Finan¢ial Reviow Princi al Fuiidin Sources The principal funding sources over the relevant financial year liave been the Arts Council, Foras na Gaeilge, Dery City and Strabane District Council, The Education Authority, Tlie Department of foreign Affairs, The Coinmunity Relations Council and the Ulta¢li Trust. We liave also secured new funding tlirough the Peace Plus scheme. We also develop a significant retum from our core tenants- the North West Academy, Crann Beatha (café), In Your Space Circus, The Soundworks and An Ciste Inthestioclita Gaeilge. Page 4
An Gaelaras Limited (A Company Limitcd by Guarantee) Report ofthc directors for the year ended 31 March 2025 Tlii5 year, our financial health faced significant challenges. Our main sources of revenue grant and government funding - r¢main stable, but we faced consid¢rabl¢ increases in running costs, particularly in electricity and gas, leading to a budget deficit. To mana8¢ this, w¢ are undertaking proactive m¢asures to reduce operational cosls, particularly in areas such as energy effi¢i¢ncy, office expenses and building maintenance. We are reviewing all aspects of our income and expenditure as a matter of urgency, and are engaging with all members of staff to focus on raising additional funds tliroughout tlie 2025-26 financial year. We have applied for a number of funds that will help improve the efficiency of our main building and we are also undertaking a major strategic investment in the Teacli Scoile to ensure our financial sustainability via tlie provision of student accominodation from 2027 onwards. In the face of these current challenges, we are continually assessing our financial position and we are very confident that our additional efyorts to increase income and reduce expenditure will return us to our customary financial stability over the coming financial year. Aehivoments and Support We would like to extend our heartfelt gratitude to all our supporters, community members, learners, and attendees of our activities for their unwavering commitment to our Inission. Tlie participation of our learners, attendees, and community partners in our Irish language classes, cultural events, and music progrllms keeps the Iieart of our organisatioii beating. We are deeply thankful to our dedicated team and board for ilieir Iiard work and passion, Ivliich enables us to continue promoting the rich Iieritage of Irish culture and language. We reinain oplimislic about the future and confident that, together. we will continue to make a lasting impact on the Community. keeping the Irish language and cultural traditions aliv¢ and thriving. Go raibh mfle maith agaibh go léir. Structure, Governan¢e and Management Govcrnin Document Tlic organisation is a charitable company limited by guarantee, incorporated on 22 November 1999 and registered as a charity on 22 November 1999. The coinpany was established under a Memoranduin of Association which establislied the objects and powers of the cliaritable coinpany and is governed by its Articles of Association. Recr itment and A ointment of the Board of Directors The directors of the coinpany are also cliarity trustees for the purposes of charity law and under the company's Articles are kiiown as members of the Board. Under the requirements of the Meinorandum and Articles of Association, one third of the members of the Board must stand for re-election at the Annual General Meeting. All Ineinbers of the Board give their time voluntarily and receive no benefits from the charity. Members Induction and Trainin Board members are already familiar with the ivork of An Gaelaras Limited. Board members are encouraged to participate in relevant activities. Page 5
An Gaelaras Limited (A Company Limited by Guarantee) Report of the directors for the year ended 31 March 2025 Obli ati ns of tlie Board The main obligation of the Board is to develop and oversee the implementation of policy and to ensure that structures and manageinent comply with legal requirements and good governance practice. Risk Mana einent The Board has conducted a review of the Inajor risks to which the charity is exposed and to ensure that appropriale systems and procedures liave been established to mitigate the risks. Internal control risks are minimised by the iinpleineiitation of procedures for authorisation of all transa¢tions and projects. A possible breach of confidentiality is ali obvious risk, and Board mcmbers, staff aiid volunteers have signed tlie appropriate onfidentiality agreements. Tlie Ixajor risk we face is tlie increase in running costs of the organisation, and we have taken sliort term, mediuin and long tenn steps to address tliis. Anotlier major risk is loss of fundinLy, and we are proactive in maintaiiiing positive relationsliips with existing funders while also identifying new sources of support. ani nal tr cture The An Gaeiaras board meets every two months and is responsible for policy, strategic direction and monitoring overall perfomiance. There are fortnightly staff 17)eetings and a finance, and human resources committee mcets prior to every board meeting. The director provides bi-monthly reports to the Board which include detailed financial reports (delivered alongside the treasurer) and updates on project development. Regular contact is maintained with the chair of th¢ board, and issues are brought to the attention of the board In¢mbers os appropriate in betweeii tli¢ regular board meetings. Responsibilities of the Board of Directors The directors are responsible for preparing the Director Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Practice). Coinpany law requires tlie directors to prepare finaiicial statements for eacli financial year. Under company law tlie directors Inust not approve tlie financial stateinents unless they are satisfied tliat they give a true and fair view of tlie state of the affairs of the charitable company at the Balance Sheet date and of its incoming resources and application of resources, including the income and expenditure, for tliat period. In prepariiig tliese financial statemcnts, the directors are required to: select suitable accounting policies and apply them consistently; ob5crve the Inetliods and principles in the Charities SORP 2019 (FRS 102); make judgements and estimates that are reasonable and prudent. prepare the financial statements on tlie going concem basis unless it is not appropriate to assume that the company will continue on that basis. Page 6
An Gaelaras Limited (A Company Limited by Guarantee) Report of the directors for the year ended 31 March 2025 state whether applicable UK Accounting Standards l)av¢ be¢n follow¢d, subj¢¢t to any material departures disclosed and explained in the financial stat¢in¢nts; The directors are responsible for maintaining proper accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the cliaritable company and to enable tliem to ensure that the financial statements comply with the Companies Act 2006. Tlie directors are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In accordance with company law, as the Company's directors, we certify tliat: So far as we are aware, tliere is no relevant audit infonnation of wliich tlie company's auditors are unaware. and as ilie directors of the coinpany we have taken All steps that we ought to have taken in order to make ourselves aware of any relevant audit information and to establish that the charity's auditors are aware of ihat information. Auditors McGroarty Mccaffety & Company are deemed to be reappointed in accordance with Section 487(2) of the Companies Act 2006. Small company provisions Tliis report is prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to sinall companies. The financial statements were approved and authorised for issue by the Board of Directors on S Nov¢mb¢r 2025 aiid sign¢d on its behalf by; Dlrector Director Page 7
An Gaelaras Limited (A Company Limited by Guarantee) Independent auditor's report to the directors of An Caelaras Limited Opinion We have audited the financial stateinents of Ali Gaeiaras Limited for tlie year ended 31 March 2025 which comprise ilie Statement of Financial Activities, the Balance Sheet, Cashflow Statement and the related iiotes. The financial reporting framework that has been applied in their preparation is applicable law and United Kiiigdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including FRS 102 "The Financial Reporting Standard applicable in tlje UK and Republic of Ireland" This report is made solely to the charitable company's directors, as a body, in accordance with Cliapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable coinpany's directors those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent pemitted by law, we do not accept or assume responsibility to anyone other tlian tlie cliaritable company and the cliaritable company's directors as a body, for our audit work, for this report, or for tlie opinions we have formed. In our opinion ilie financial statements: give a trL5e and fair view of the state of the cliaritable company's affairs as at 31 March 2025, and of its incoming resources and expenditure of resources, including its income and expenditure, for tlie year Ilien hav¢ be¢n properly preparcd in accordance with United Kingdom Generally Accepted Accouiittng Practice. and have been prepared in ac¢ordance with tli¢ requirements of the Companies Act 2006. Basis for opinion We Conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our respoiisibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are indepcndent of the cliaritable coinpany in accordance with the ethical requirements that are relevant to our audit of the financial statements ili tlie UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance witli tliese requirements. We believe that tlie audit evidence we Iiave 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 tl)e going Concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomied, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast sigiiificant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from 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 tliis report. Page 8
An Gaelaras Limited (A Company Limited by Guarantee) Other information The directors are responsible for the other information. The other inforniation comprises the infomiation includcd in tlie directors, annual report, other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover other inforn]ation and, except to the extent otherwise explicitly stated iii our report, we do not express any fonn of assurance conclusion iliereon. In connection with our audit of tlie fii)ancial statements, our responsibility is to read the other infonnation and, in doing so, consider whetlier the other infomiation is materially inconsistent witli the finaiicial statements or our kiiowledge obtained in tlie audit or otlierwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstat¢inent of the other inforniation. If, based on tlie work we have perforined, we conclude that there is a material inisstateinent of this other inforination, we are required to report that fact. We have nothing to report in this regard. Opinion on other matters prescribed by thc Companies Act 2006 In our opinion based on the work undertaken in the course of the audit: tlie information given in the directors, annual report for the financial year for which the financial slatements are prepared is consistent with the financial statements; and the directors, annual report has been prepared in accordance with applicable legal requirements. Mattcr8 on which we are required to report by exception In the light of our knowledge and understanding of tlie charitable company and its environment obtained in the course of the audit, we have not ideiitified material misstatements in the directors, annual report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept. tlie financial statements are not in agreement witli the accounting records and returns, or certain dis¢losures of directors, remuneratioii specified by law are not made; or w¢ hav¢ not re¢¢iv¢d all the information and explanations we require for our audit; the directors were not entitled to prepare the financial statements in accordance ivith the small companies regiinc and take advantage of the small companies exemption from the requirement to prepare a strategic report. Page 9
An Gaeiaras Limited (A Company Limited by Guarantee) Responsibilities of the directors As explained morc fully in the Directors, Responsibilities Statement, the directors (who ar¢ also th¢ directors of the charitable coinpany for the purposes of company law) are responsible for the pr¢paration of th¢ financial stateinents and for being satisfied that they give a true and fair view, and for such internal Control as the d1CtorS determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing tlie financial statements, tlie directors are responsible for assessing the charitable company's ability to continue as a going concern, disclosingy as applicable, matters related to going concern and using the going concem basis of accounting unless the trustees eitlier iiitend to liquidate the charitable coinpany or to cease operations, or have no realistic alternative but to do so. Audltor's responslbllltles for the audit of thc financial statemonts Our objectives are to obtain reasonable assurance about whether the financial statements as a wliole are free froin material misstatement, whether due to fraud or error, and to issue an auditor's report that iiicludes our opinion. Reasonable assurance is a high Icvel of assurance, but is not a guarantee that an audit conducted in accordance ivith ISAS (UK) will always detect a material Inisstatement when it exists. Misstaleinents can arise from fraud or error and are considered Inaterial if, individually or in tlie aggregale, tliey could reasonably be expected to influence tlie economic decisions of users taken on tlie basis of these financial statements. Explanatlon as to what extent the audit was considered capable of detectlng Irregularltlcs, including Irregularities, including fraud, are instances of non-coinpliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatcments in respect of irregularities, including fraud. l.lowever, the primary responsibility for the prevention and detection of fraud lics with managcment and the board of directors of the charitable company. Identlfylng and asscsslng poteDtlal rlsks related to Irregularltles In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered th¢ following: the nature of the industry, sector and the specific control environment which it operates in; the charities own assessment of the risks that irregularities may occur, either as a result of fraud or error. representation5 and results from our enquiries with management and the board of directors regarding their oivn identification and assessment ofthe risks of irregularities. enquiries of manageinent relating to accounting estimates measuren]ents, recognition criteria and justification of such amounts. any matters we have identified having obtained and reviewed tlie charities policies and procedures relating to. * identifying and assessing if laws and regulations are compliant and whether tliey are aware of any instances of non-compliance; * detection and response to the risk of fraud and whether they are aivare of any actual, suspected or alleged fraud instances. Page 10
An Gaelaras Limited (A Company Limiteil by Guarantee) * the internal controls designed to mitigate risks or fraud or non-compliance with laws and regulations, and to miniinise risk of manag¢ment overrides of such Controls. all matters discussed among the audit engagement team regarding liow and where fraud could occur and the potential indicators of fraud. As a result of these procedures, w¢ considered the opportunities and incentives that may exist within the charity for fraud. The audit included assessing the procedures and evaluating the Ineasurement of estimations. In common witli all audits under ISAS (UK), we are also required to perform specifi¢ procedures to respond to tlie risk of management override. We also required an understanding of the legal and regulatory fraineworks applicable to tlie charity and considered that the most significant are the Companies Act 2006, SORP 2019 (fRS 102) and Charities Act (Northern Ireland) 2008. Audit r¢sponses to rlsk% Idcntificd Our procedures to respond to risks identified included the following: reviewing tlie financial stateinent disclosures, testing the relevant documentation to SesS compliance with the significant laws and regulations - those described as having a direct effect on tlie financial statemeiits; enquiring with management and obtaining third party confirnlation from the charitable company's solicitors regarding any actual or potential litigation and claims. perfomiing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of inaterial misstatement due to fraud; reading minutes of board and management ineetings, ¢xainin¢ forec&sting material in lin¢ witli actual performance. identifying any potential fraud indicators or instances; reviewing Companies House and Charity Commission Northern Ireland correspondence, identify any late subinissions or omissions of Inandatory infomiation; review correspondence with HMRC, identifying non compliance of specific infom]ation to be disclosed; in addressingy tlie risk of fraud through manageinent override of controls, testing the appropriateness of data entries and adjustments; assessing whether tlie judgements made in making accounting estimates are indicative of a potential bias; and evaluating the rationale of any significant transactions that are unusual or outside the norn)al course of tlie charities objectives. We also coinmunicated relevant identified laws and regulations and potential fraud risks to all engageinent team members and remained alert to any indications of fraud or noncompliance with laws and regulations throughout the audit. As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: Identify and assess the risks of material misstatement of the financial statements, wliether due to fraud or error, design and perfonn audit procedures responsive to those risks, and obtain audit evidence that is sU1¢icnt and cippropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of intemal control. Page 11
An Gaelaras Limited (A Company Limited by Guarantee) Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in tlle circumstances, but not for th¢ purpos¢ of expressing an opinion on the effectiveness of the charitable company's internal control. Evaluate the appropriateness of accounting policies uscd and the reasonableness of accounting estimates and related disclosures made by the directors. Conclude on the appropriateness of the directors, use of the going concern basis of accounting and, based on the audit evidence obtained, whetlier a material uncertainty exists related to events or conditions that Irjay cast significant doubt on th¢ cliaritable company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusioiis are based on tlie audlt evidence obtained up to the date of the auditor's report. However, future events or conditions may cause the charitable coinpany to cease to continue as a going concem. -Evaluate tlie overall presentation, structure and content of tlie financial statements, including the disclosures, and wlieiher the finaiicial stateinents represent the underlying transa¢lion5 and events In a manner that achieves fair presentation. We coinmunicate witli tliose charged with governance regarding* among other matters. tlie planned scope and timing of the audit and significaiit audit finding5, iiicluding any significant deficiencies in internal control that we identify during our audit. Patrick Mc roarty Senior Statutory Auditor for and on behalf of McGroarty M¢Cafferty & Company Statutory Audltor 2 Carlisl¢ Terrace Derry BT48 6JX Datc: 5 Novomber 2025 Page 12
An Gaelaras Limited (A Company Limited by Guarantee) Statem¢nt of Financial Aetivities for tho ycar endcd 31 March 2025 Unrestrlcted Funds Restricted Funds 2025 2024 In¢om¢ and Expcndituro Incomlng Resources Jncoming rL)soiircesfrom generalingfiinds.. Incoming resources from charitable activities Voluntary income 513,445 513,445 255,926 617,426 260,715 255,926 Total Incomlng Resources 255,926 513,445 769,371 878,141 Resources Expended Charitable activities Governaiice costs 310,069 4,350 560,521 450 870,590 4,800 876.224 4,800 Total Resources Expended 314,419 560,971 875,390 881,024 Net Incoming l (Outgoing) Resources (58,493) (47,526) (106,019) (2,883) Balances brought fonvard l April 2024 72,642 1,305,394 1,378,036 1,380,919 Balances carried forward 31 Marcli 2025 Is 14,149 1,257,868 1,272,017 1,378,036 The above amounts relate to continuin&7 operations of tlie company. The company has no recognised gains and losses otlier than t1105e included in tlie results above and therefore no separate statement of total recognised gains aiid losses has been presented. There is no difference between the net incoming resources for the year stated above and their historical cost equivalents. Page 13
An Gaeiaras Limited (A Company Limitcd by Guarantee) Balance sheet as at 31 Mar¢h 2025 2025 2024 Notes Fixed assets Tangible assets Current assets Debtors Cash at bank and in liand 3,663,366 3,781,244 77,627 154,436 81,495 152,596 232,063 234,091 Current liabilitics Bank loans and overdrafts Other creditors Accruals 162,035 37,262 34,225 118,585 28,340 30,239 10 233,522 177,164 Net current (lfiabfilltles)lassets (1,459) 56,927 Total assets less current liabilities 3,661,907 3,838,171 Long-terin liabilitics 11 (2,389,890) (2,460,135) Net assets 1,272,017 1,378,036 Income Funds Brought forward at l April 2024 Unrestricted Restricted 14 14,149 1,257,868 72,642 1,305,394 1,272,017 1,378,036 The financial statements are prepared in accordance with the special provisions of Part 15 of the Coinpanies Act 2006 and tlie Charities SORP (FRS 102). The Fiiiancial Statements were approved and authorised for issue by the Board 5 November 2025 and signed on its behalf by Director Director Date: 5th November 2025 Date: 5th November 2025 Company Registration Number.. N1037402 Page 14
An Gaeiaras Limited (A Company Limited by Guarantee) Statement of Cash flows as at 31 March 2025 2025 2024 Operating activities Notos Net incoming / (outgoing) resources for the year Dcpreciation and impairment (Increase)/ decrease in debtors (Decrease)/ increase in creditor5 (106,019) (2,883) 117,878 117,879 3,868 40,226 (13,887) (127,286) 27,936 Nct Cash outflow l (inflow) from oporAting actlvltles 1,840 Capital expenditure (17,853) Increasel Decrease In cash ID the year 1,840 10,083 Rceonciliatiott of net tAsh flow to movement In net funds 16 Increasel (Dccrease) in cash in the year Net funds at l April 2024 1,840 152,596 10,083 142,513 Net funds at 31 MArch 2025 154,436 152,596 Page 15
An Gaelaras Limited (A Company Limited by Guarantee) Notes to the accounts for the year ended 31 Mar¢h 2025 General information The ¢liarity is a private limited company by guarantee, r¢gistered in Northern Ireland and a registered charity in Northern Ireland. Tlie address of the registered office in Cultthrlann Ul Chanain, 37 Morshraid Shémais, Doire, BT48 7DF. It is a registered charity with the Charity Commission Northern Irelaiid with effect from 16th May 2014. AccouDtlng convention Tlie principal accounting policies adopted in the preparation of tlie financial statements are set out below and liave reinained unchanged froin the previous year, and also have been consistently applied witliin the same accounts. The cliarity constitutes a public benefit entity as defined by FRSI 02. The financial statements have been prepared in accordance with Accounting and Reporting by Cliarities: Stateinent of Recommended Practice applicable to cliarities preparing their accounts in accordance with tlie Financial Reporting Standard applicable in the UK and Republic of Ireland Cliarities SORP issued in October 2019 and the Financial Reporting Slandard applicable in the UK and Republic of Ireland (fRS102), the Companies Aet 2006 and the Charities Act (Northem Ireland) 2008 and UK Generally Accepted Accounting Practice. Tlie financial statements are prepared on a going concem basis under th¢ historical cost convention, modified to included ¢¢rtain items at fair value. The financial statements are presented in sterling wliiGIi 15 the fun¢tional currency of the cliarity. 1.2. Inconiing resour¢os All incoming resources are included in the statement of financial activities when tlie charity is entitled to the iiicome and the amount can be quantified with reasonable accuracy. The following specific policies arc applicd to particular categories of income: Income from charitable activities include5 both governement and other grants received, they are recognised at fair value when the charity has entitlement after any perfonnance conditions have been met, it is probable that the income will be received and the amount can be Ineasured reliably. If eiititlement is not met then tliese amounts are deferred. Capital and revenue grants are released to the Statement of Financial Activities in the year in which they are received in line with the SORP Accounting & Reporting by Charties (FRS 102). Voluntary income is received by way of grants, donations and gifts and is 11)¢luded in full in the statement of financial activities when receivable. Grants wher¢ entitlement is not conditional on the delivery of a specifi¢ perfomian¢e by the charity, are recognised when the charity becomes unconditionally entitled to tlie grant. Donated services and facilities are included at the value to the charity ivhere this can be quantified. The value of services provided by volunteers has not been included. Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold. Page 16
An Gaeiaras Limited (A Company Limited by Guarantee) Notes to the accounts for the year ended 31 March 2025 1.3. Resources oxpended Expenditure is r¢cognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Charitable expenditure comprises those costs incurred by tlie charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to sucli activities and those costs of an indirect nature necessary to support them. 1.4. Fund accounting Unrestricted funds are available for use at the discretion of the directors in furtherance of the general objectives of tlie cliarity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or whicli have been raised by the charity for purposes. The cost of raising and administering such funds are charged against tlie specific fund. 1.5. Tangiblo fixod assets and depreciation Taiigible fixed asseis are stated at cost less depreciation. Depreciation is provided at rates calculated to write otTthe cost or valuation less residual valuc of ¢a¢li asset over its expected useful lif¢, as follows: Land and buildings Equipinent 2% Straight Line l 0/0 Straight Line 1.6. Cash at bank Casli at bank and cash ¢quival¢nts are stated at cost at tlie financial year end. 1.7. Debtors & credltors Debtor5 and creditors with no stated interest rate and receivable or payable witliin one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. 1.8. Capital grants Capital grants are received in respect of purchase of fixed assets a portion of whicli is released to tlie statement of financial activities in the year of receipt. 1.9. Pension costs The pension costs charged in the financial stateinents represent the contributions payable by the charity during tlie year. 1.10. Taxation The company is a charity and is recogni5ed as sucli by HM Revenue & Customs. As a result, there is no liability to taxation on any of its income. 1.11. Cash and cash cquivalents Cash and cash equivalents include cash in hand and bank overdrafts. Bank overdrafts are shown within current liabilities. Page 17
An Gaelaras Limited (A Company Limited by Guarantee) Notes to the accounts for the year ended 31 March 2025 1.12. Foroign eurrency Foreign currency transactions are initially recognised by applying to the foreign currency ainount the spot exchange rate between tl)e functional currency and the foreign currency at the date of the transaction.Fixed asset investments are stated at cost less provision for diininution in value. 1.13. Going concern The financial stateinents have been prepared on a going concern basis as the directors believe that no material uncertainties exist. The directors have considered the level of funds held and the expecled level of iiicome and expenditure for 12 months from autliorising these financial statements. Tlie budgeted income and expenditure are sufficient with tlie level of reserves for the charity to be able to continue as a going concern. 1.14. Crltlcal accountlng estimates and Judgom¢nts In application of the cliarity's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not reudily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. Tlie estiinates and underlying llssumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in wliicli tlie estimate is revised where the revision affect on that period, or in the period of the revision and future periods wliere the revision affects both current and future periods. Page 18
An Gaelaras Limited (A Company Limited by Guarantee) Notes to the accounts for the year ended 31 March 2025 Incomlng resources from ¢haritAblo actlvltles Restrlcted Fund$ 2025 2024 University of Ulster National Lottery - Big Lottery Fund Department of Foreign Affairs Nl Arts Council Foras Na Gaelige Derry City and Strabane District Council Department of Education Glor Na nGael Capital Grants Community Relations Council Gael Linn Domiant Accounts Conrcldh Na Gaeilge An Ciste Waterside Neighbourhood Partnership Education Authority National Lottery H¢ritag¢ Fund Honorable Irish Peace Plus Northern Ireland fund Community foundation - Ultach Fund 21,728 12,300 24,017 151.097 119,227 40,295 21,728 12,300 24,017 151,097 119,227 40,295 21,728 15,275 50,746 176,268 145,312 37,327 15,094 1,500 70,245 36,953 15.000 9,500 852 15,126 1,500 70,245 32,716 8,314 70,245 32,716 8,314 620 620 2,400 9,580 2,400 9,580 15,906 5,000 15,906 5,000 5,000 513,445 513,445 617,426 (i) Restricted Funds Funds received which are eannarked by the Funder for specific purposes. Sucli purposes are within the overall aims of thc organisation. (li) Unrestricted Funds Funds which are expendable at the discretion of the company in furtherance of the aims of the charity. In addition funds may be held in order to finance capital investment and workiiig capital. Page 19
An Gaelaras Limited (A Company Limited by Guarantee) Notes to the accounts for the year ended 31 March 2025 Voluntary Income Unrestricted Funds 2025 2024 Prog Iiicomel Classes Rental income Bo?& Office Income Donations and other incoine 79,599 105,401 68,021 2,905 79,599 105,401 68,021 2,905 105,178 82,994 37,046 35,497 255,926 255,926 260,715 Cost of Charitablc Actlvltles Unrestricted Funds Restricted Funds TotAI 2025 Total 2024 Staff costs Misc/general expenses Coinmunications and IT Other office expenses Prograixine costs Legal & prof¢ssional f¢es Interest payable & similar charges Istablishment costs Motor & travelling expenses Currency variation Depreciation 11,517 1,955 8,673 7,799 144,700 4,109 4,008 127,169 281,206 292,723 1,955 9,146 7,799 275,771 4.109 4,008 156,736 428 37 117,878 327,800 777 1,462 7,064 285,379 2,092 4,228 119,289 202 52 117,879 473 131,071 29,567 428 37 102 117,776 310,069 560,521 870,590 876,224 Governance Costs Unrestrlcted Funds Restricted Funds Total 2025 Total 2024 Auditors Renumeration 4,350 450 4,800 4,800 Page 20
An Gaclkiras Limited (A Company Limited by Guarantee) Notes to the accounts for the ycar ended 31 March 2025 Not (outgolng)I Incoming resources for the ycar 2025 2024 Net (outgoing)l incoming resources is stated after charging: Depreciation and other amounts written off tangible fixed assets Auditorfs reinuneration 117,878 4,800 117,879 4,800 Staff eosts 2025 2024 Wages and salaries Pension costs 281,206 11,517 314,914 12,886 292,723 327,800 Number of employees The number of employees who earned more than £60,000 during the year was Nil (2024 - Nil). The average montlily numbers of employees during the year, calculated on thc basis of full tiine equivalents, was as follows: 2025 Number 2024 Number Number of employees - Office staff 20 22 Page 21
An Gaeiaras Limited (A Company Limited by Guarantee) Notes to the accounts for the ycar ended 31 March 2025 Tangible Assets Land and buildings Plant And freehold machinery EqulpmeDt Total Cost At l April 2024 5,173,852 76,542 365,805 5,616,199 At 31 Marcli 2025 5,173,852 76,542 365,805 5,616,199 Depreciation At l April 2024 Charge for the year At 31 March 2025 1,464,962 103,477 76,542 293,450 1,834,954 14,401 117,878 1,568,439 76,542 307,851 1,952,832 Net book values At 31 Marcli 2025 3,605,413 57,953 3,663,366 At 31 March 2024 3,708,890 72,354 3.781,244 Debtors 2025 2024 Debtors Otlier debtors 72,710 4,917 76,473 5,022 77,627 81,495 10. Current liabllitles 2025 2024 Baiik loaiis and overdrafts T&xes and social security costs Other creditors Deferred Income Accruals 162,035 4,208 1,541 31,513 34,225 118,585 3,760 665 23,915 30,239 233,522 177,164 Page 22
An Gaelaras Limited (A Company Limited by Guarantee) Notes to the accounts ror the year ended 31 March 2025 11. Long-term IiAbilitics 2025 2024 Capital Grants (See Note 12) 2,389,890 2,460,135 12. Capital Grants 2025 2024 At l April 2024 Less: Capital Grants Amortised At 31 Marcli 2025 2,460,135 (70,245) 2,530,380 (70,245) 2,389,890 2,460,135 13. Securlty The Bank of Ireland holds the following securities. Legal mortgage dated 0611112003 over 37 Great James Street, Derry. Letter of set offdated 1010712009. 14. Analysls of nct assct$ bctween funds Unrestricted Restricted Total Fund balances at 3 l March 2025 as represeiited by.. Tangible fixed assets Current assets Liabilities 814 3,662,552 3,663,366 137,815 94,248 232,063 (124,480) (2,498,932) (2,623,412) 14,149 1,257,868 1,272,017 Pagc 23
An Gaelaras Limited (A Company Limited by Guarantee) Notes to the accounts for the year ended 31 March 2025 15. Movements in Funds At l April Incoming Outgolng 2024 resources resources Transfers At 31 March 2025 Restricted fund5'. Total restricted funds Unrestricted funds: Total unrestricted funds 1,305,394 513,445 (560,971) 1,257,868 72,642 255,926 (314,419) 14,149 Total funds 1,378,036 769,371 (875,390) 1,272,017 Purposes of Restricted Funds Restricted grants awarded to the charity is provided to cover the core objects as explained in directors report. 16. AnAlysis ofehanges in net cashflow Opening bal#nce Cash flows Closing balance Casli at bank aiid in hand 152,596 1,840 154,436 17. Rclatod Party Transactlons There was no related party transactions in the year under review. 18. Limited by Guarantee The compaiiy is limited by guarantee and does not have a share capital. Every member of the company undertakes to contribute sucli amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up wliile lie or slie is a Inemb¢r, or witliin one year after he or she ceases to be a member. 19. Controlling interest Controlling interest rests with the Board of Directors. 20. Post Balante Sheet events No Significant evenls have taken place since the year end that would result in adjustments to 2025 financial inforniation or inclusion of a note thereto. Page 24