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.
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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.
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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.
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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.
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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.
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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
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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.
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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.
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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
d1￿CtorS 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.
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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 sU￿1¢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.
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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
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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