Company Registration Number: N1027039
Dun Uladh Limited
IA company Ilmited by guarantee. not having a Share ¢apitall
Directors. Report and Unaudlted Flnanclal Statements
for the financial year ended 28 February 2023

Dun Uladh Limited
IA company limited by guarantee, not having a share capitall
CONTENTS
Page
Directors and Other Information
Directors, Report
Accountants, Report
Income Statement
ststement of Financial Position
Reconciliation of Members. Funds
Statement of Cash Flows
10
Notes to the Financial Statements
Supp18m8ntary Information on Incom8 and Expenditure Account
16

Dun Uladh Limited
IA company limited by guarantee. not having a share capital)
DIRECTORS AND OTHER INFORMATION
Directors
Labhras O'murchu
Colmain O'muimneachain
Seamus Maccormai
Tomas O Maoldomhnaigh (Resigned 28 November
20231
Padraig O'Dufaigh
Padraig O'ceallaigh (Appointed 28 November 2023)
Company Secretary
Brendan McAleer
Company Registration Number
N1027039
Registered Offlce and Business Address
Cultural Herttage Centre of Ulster
Drumakilly Road
Omagh
Co. Tyrone
BT79 OJP
Ireland
Accountants
ECOVIS DCA Limited
Chartered Accountants
27 Upper Mount Street
Dublin 5
Ireland
Bankors
Bank of Ireland
Omagh
Campsie
Co. Tyrone
BT79 OAE
Northern Ireland
Solicitors
Mumaghan Colton Solicitors
3 John Street
Omagh
Co. Tyrone
BT78 1 DW
Northern Ireland
Eugene P Keams, B.C.L Solicitor
10 LowerAbbey Slreel
Dublin 1
Ireland

Dun Uladh Limited
IA company limited by guaranlee. not having a share capital)
DIRECTORS, REPORT
for the financial year ended 28 February 2023
The directors present their report and the unaudited financial statements for the financial year ended 28 February
2023.
Principal Activity
The organisalion is a charitable cornpany limited by guarantee. The company does not have a share capital and
consequently the liability of members is limited, subject to an undertaking by each member to contribute lo the net
assets or liabililies of the company on winding up such amounts as may be required not exceeding one pound (£1).
The principal activity of the company is that of the promotion of the cultural heritage of Ulster, particularly the music of
the province. its history and culture. The company has established a Cultural Herrtage Centre for locals and vi511ors
lo the region. The facilities provided include an exibition centre, display hall, recording facilities and a licensed bar.
The company is a registered charity (reference no.. NIC100667)
The company is limited by guarantee not having a share capital.
Prlnclpal Rlsks and Uncertainties
There are a number of factors which may materially and adversely affect our ability to achieve our objectives. These
risks include..
-Threat of competitors
-changes in external operating environment
-Loss of funding
-changes in customer buying behavior
The organistion has adopted controls necessary to manage these risks and enable efficient execution of the
company's business model. A risk management strategy in place which is reviewed and updated al each board
meeting and a risk register has been established.
Flnanclal Results
The surplus for the financial year after providing for depreciation amounted to £3,403 (2022 - £62.731)-
Directors
The directors who served during the financial year are as follows-.
Labhras O'Mur¢hu
Colmaln O'muimneachain
Seamus Maccormaic
Tomas O Maoldomhnaigh (Resigned 28 November 2023)
padraig O"Dufaigh
Padraig O'ceallaigh {Appointed 28 November 2023)
In accordance with the Articles of Association, padraig O Ceallaigh will retire by rotation and. being eligible. will offer
himself for re-election.
Polltical Contributions
The ¢ompany did not make any disclosable political contributions in the Gurrenl financial year.

Dun Uladh Limited
IA company limited by guarantee, not havlng a share capltall
DIRECTORS, REPORT
for the financial year ended 28 February 2023
Statement of Directors. Responsibilities
The directors are responsible for preparing the Directors, Report and the financial statements in accordance with
applicable law and regulations.
Company law requires the directors to prepare financial slatements for each financial year. Under that law Ihe
directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted
Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 'The Financial
Reporting Standard applicable in the UK and Republic of Ireland" Under company law the directors musl not approve
the financial statements unless they are sat15fied that they give a true and fair view of Ihe slate of affairs of the
ompany and of Ihe surplu5 or deficit of the company for that period.
In preparing these financial statements, the directors are required lo:
select suitable accounting policies and apply them consistently.,
make judgements and accounting estimates that are reasonable and prudent-
prepare the financial slalemenls on the going con￿rn basis unless il is inappropriate to presume Ihat the
company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the
company's Iransaclions and disclose wilh reasonable accuracy at any lime the financial position of the company 2nd
enable them lo ensure that the financial statements comply wilh the Companies Act 2006. They are also responsible
for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection ol
fraud and other irregularities.
Post- Balance Sheet Events
There have been no significant events affecting the company since the financial year-end.
Special provi5ion5 relating to small Companies
The above report has been prepared in accordance with the special provisions relating to small companies wilhin Part
15 ofthe Companies Act 20D6.
On behalf of the board
Labhras O'murchu
Director
Date:
ZOL3

Dun Uladh Limited
IA ¢ompany limited by guaranteE, not having a share capital)
CHARTERED ACCOUNTANTS, REPORT
to the Board of Directors on the Compilation of the unaudited financial statements
of Dun Uladh Limited
for the financial year ended 28 February 2023
In accordance with our engagement letter and in order to assist you to fulfil your duties under the Companies Act
2006, we have compiled for your approval the financial statemenls of the company for the financial year ended 28
February 2023 as set on pages 7 to 14 which comprise the Income Statement. the Statement of Financial Position,
the Reconciliation of Members, Funds, the Slalement of Cash Flows and the related noles from the company's
accounting records and frorn information and explanations you have given to us.
This report is made solely to the Board of Directors of Dun Uladh Limited, as a body, in accordance with the terms of
our engagement. Our work has been undertaken so that we might compile the financial statements that we have been
engaged lo compile. report lo Ihe company's Board of Directors that we have done so, and stale those matters that
we have agreed to slate to them in this report and for no other purpose. To the fullest exlenl permitted by law. we do
not accept or assume responsibility to anyone other than the Company and ils Board of Directors, as a body, for our
work or for this report.
We h8ve carried out this engagement in accorLlance with guidance issued by Chartered Accounlanls Ireland and
have complied with the relevant ethical guidance laid down by Chartèred Accounlanls Ireland relaling lo members
undertaking the compilalion of financial slalemenls.
You have acknowledged on the balance sheet for the year ended 28 February 2023 your duty lo ensure that Dun
Uladh Limited has kept adequate accounting records and to prepare statutory financial statements that gtve a true
and fair view of Ihe assets, liabilities, financial position and surplus of Dun Uladh Limited. You consider that Dun
Uladh Limited is exempt from the statutory audit requiiemenl for the financial year.
We have not been instructed lo carry out an audit or a review of the financial statements of Dun Uladh Limited. For
this reason. we have nol verified the adequacy, accuracy or completeness of the accounting Tecords or information
and explanations you have glven to US and We do not, therefore, express any opinion on the stalulory financial
statements.
ECOVIS DCA L
TED
Chartered Accountants and Slalulory Audit Firm
27 Upper Mount Street
Dublin 5
Ireland
Date:
£7

Dun Uladh Limited
IA company limited by guarantee, not having a share capital)
INCOME STATEMENT
for the financial year ended 28 February 2023
2023
2022
Notes
Income
263,495
326,465
Expenditure
{260,092)
(263,7341
Surplus for the flnancial year
3.403
62,731
Total comprehenslve income
3,403
62,731
The notes on pages 11 10 14 form part of the financial slalements

Dun Uladh Limited
A company Ilmited by guarantee. not havlng a shar• capital)
Company Registratlon Number.. N1027039
STATEMENT OF FINANCIAL POSITION
as al 28 February 2023
2023
2022
Notes
Flxed Assets
Tangible assets
230,168
203,902
Current Assets
Debtors
Cash and cash equivalents
17,128
161,961
5,262
206,012
179.089
211.274
Creditors.. amounts falling due within one year
Net Current Assets
(79,822)
{18.5311
99,267
192,743
Total Assets less Curront Liabilities
329.435
396,645
Long Term Credltors
10
(128,555)
1133,6681
Net Assets
200,880
262,977
Reserves
Sinking Fund
Retained surplus
12
(65,5001
266.380
262,977
Equlty attrlbutable to owners of the company
200,880
262.977
These financial statements have been prepared in accordance with the special provisions relating to small companies
within Part 15 of the Companies Act 2006.
For the financial year ended 28 February 2023 the company was entitled to exemption from audit under section 477
of the Companies Act 2006.
The directors confirm that the members have not required the company lo obtain an audit of ils financial slalements
for the financial year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for ensuring that the company keeps accounting ￿COrdS which
comply with soction 386 and for preparing financial slalemenls which give a true and fair view of the slate of affairs of
the company as at the end of the financial year and of its profil and Ioss for the financial year in accordance with the
requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006
relating to financial ststements, so far a5 applicable to the company.
Approved by the Board and authorised for issue on 21. 11. 20 2&nd signed on Its behalf by
Labhras
DirectOT
'Murchu
The notes on pages 11 10 14 fom part of the finanual slalements

Dun Uladh Limited
(A company limited by guarantee, not having a share capital}
RECONCILIATION OF MEMBERS, FUNDS
as al 28 February 2023
Retained
surplus
Tolal
At 1 March 2021
200,246
200,246
Surplu5 for the financial year
62,731
62.731
At 28 February 2022
262,977
262.977
Surplus for the financial year
3.403
3.403
Other movements in equity
attributable to owners
165,5001
(65.500)
At 28 February 2023
266,380
(65,5001
200,880

Dun Uladh Limited
IA company limFted by guarantee. not having a share capital)
STATEMENT OF CASH FLOWS
for the financial year ended 28 Febnjary 2023
2023
2022
Note5
Cash flows from operating actlvities
Surplus for the financial year
Adjuslmenls for..
Depreciation
Amortisation of govemment grants
3,403
62,731
28,401
15,113)
17,887
(5,4051
Movements in working capital..
Movement in stocks
Movement in debtors
Movement in creditors
26,691
75,213
247
12,228)
10,566
{11.866)
61,291
Cash generated from operations
76.116
83.798
Cash flows from Investing activities
Payments to acquire tangible assets
(54,667)
{6.442)
Cash flows from financlng activlt105
Sinking fund Movement
(65,500)
Net (decrease}lincrease in cash and cash equivalents
Cash and cash equlvalents at beginning of finan¢lal year
Cash and cash equlvalents at end of financial year
(44,051)
206,012
77.356
128,656
161,961
206,012
10

Dun Uladh Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 28 February 2023
General Information
Dun Uladh Limited is a company limited by guarantee incorporated in Northem Ireland. Cultural Heritage
Centre of Ulster. Drumakilly Road. Omagh. Co. Tyrone. BT79 OJP, Ireland is the registered office, which is
also the principal place of business of the company. The nature of the cornpany's operations and its principal
activib'es are set out in the Directors. Report. The financial slalemenls have been presented in Pound {£)
which is also the functional currency of the company.
Summary of Significant Accounting Policies
The following accounting policies have been applied consistently in dealing with items which are considered
material in relation to the company's financial statements.
Staternent of compliance
The financial statements of the company for the year ended 28 February 2023 have been prepared in
accordance with Ihe Financial Reporting Standard applicable in the United Kingdom and the Republic of
Ireland (FRS 1021 issued by the Financial Reporting Council and in accordance with the Companies Act 2006.
Basis of preparation
The financial slalements have been prepared on the going concem basis and in accordance with the historical
cost convention except for certain properties and financial instruments Ihal are measured al revalued amounts
or fair values. as explained in the accounting policies below. Historical c05t is generally based on the fair
value of the con5iderats.on given in exchange for assets.
Income
Turnover comprises the invoice value of goods supplied and services rendered by the company, exclusive of
trade discounts and value added tax.
Tangible assets and depreciation
Tangible assets are slated at cost or at valuation, less accumulated depreciation. The charge lo depreciation
is calculated to write off the original cost or valuation of tangible assets. less their 95timated residual value.
over their expected useful lives as follows..
Land and buildings freehold
Planl and machinery
Fixtures. fittings and equipment
Over the life of Asset
20 % straight line
200/0 straight line
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or
changes in circumstances indicate the carrying value may not bè recoverable.
Trade and other debtors
Trade and other debtors are initially recognised al fair value and thereafter staled at amort15ed cost using the
effective interest method less impaimienl losses for bad and doubtful debts except where the effect of
discounting would be immaterial. In such cases the ￿CeIvableS are statsd at Cost less irnpaiment losses for
bad and doubtful debts.
Trade and other creditors
Trade and other creditors are initially recognised al fair value and thereafter slated al amortised cost Using the
effective interest rate method. unless the effect of discounting would be imrnalerial, in which case they are
stated at cost.
Taxatlon
The company is a registered charity (reference no.. NIC1006671 and is therefore exempt from corporation tax.
Long Terni Creditors
Capital grants received and re￿1vable are treated as deferred income and amortised lo the Income
Statement annually over the useful economic lile of the asset to whlch il relates. Revenue grants are credited
to the Income Statement when received.
11

conlinued
Dun Uladh Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 28 February 2023
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are tran51aled at Ihe rates of exchange
ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical
cost in a foreign currency are translated at the rates of exchange njling al the date of the transaction.
Non-monelary items that are measured al fair value in a foreign currency are translated using the exchange
rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the
Income Statement.
Slgnif&cant accountlng judgemenls and key Sources of estimatlon uncertalnty
GOING CONCERN
The directors have prepared budgets and cash flows for a period of at least iwelve months from the date of
the approval of the financial slatements which demonstrate that there is no material uncertainty regarding the
company's ability to meet its liabilities as they fall due. and to continue as a going concern. On this basis the
direclors consider il appropriate to prepare the financial statements on a going concern basis. Accordingly,
these financial statements do not include any adjustrnenls lo the carrying amounts and classification of assets
and liabilities that may arise if the company was unable to continue as a going concern. The d1￿CtorS have
considered the potential implications of Covid-19 durrng their assessmenl of the company's ability to continue
as a going concern. Given the current economic resources of the company. in addition lo detailed projections
and forecasts, the directors have concluded that the company will continue in existence for a period of 12
months post financial statements sign-off. These projections and forecasts were constructed using up to date
financial information and conservative realistic assumptions derived from the directors, cumulative knowledge
and experience.
Employees
The average monthly number of employees, including directors, during the financial year was 6.12022 - 7).
2023
Number
2022
Number
Admin Employee
Tangible assets
Land and
buildings
freehold
Plant and
Fixtures,
machinery flltings and
equlpment
Total
Cost
At 1 March 2022
Additions
692,876
63,446
87.351
54,667
843,673
54,667
At 28 February 2023
692,876
63,446
142.018
898,340
Depreciation
At 1 March 2022
Charge for the financial year
513.126
8,695
63.446
63.199
19,706
639.771
28.401
At 28 February 2023
521,821
63.446
82,905
668,172
Net book value
At 28 February 2023
171.055
59,113
230,168
At 28 February 2022
179,750
24.152
203,902
The Department of Culture, Heritage and the Gaellachl in the Republic of Ireland holds a charge over the
company land and buildings comprising the Cultural Heritge Centre at Drumakilly Road, Omagh, Co Tyrone.
12

continued
Dun Uladh Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 28 February 2023
Debtors
2023
2022
Other debtors
Prepayments and accrued income
15,009
2,119
1,395
3,867
17,128
5,262
Cash and ¢ash equivalent5
2023
2022
Cash and bank balances
161.961
206,012
Creditors
Amounts falllng due withln one year
2023
2022
Client creditor balances
Taxation and social security costs (Note 9)
Other creditors
Accruals
7,413
3.909
65,500
3,000
12,248
3,283
3,000
79,822
18,531
Taxatlon and social securlty
2023
2022
Creditors:
VAT
PAYE I NI
205
3,704
363
2,920
3,909
3,283
10.
Capital Grants
2023
2022
Capital grants recelved and re¢elvable
At 1 March 2022
516.200
516,200
Amortlsation
At 1 March 2022
Amortised in financial year
(382,5321
15,1131
(377.1271
{5,405)
At 28 February 2023
(387,6451
1382.532)
Net book value
At 28 February 2023
128,555
133.668
At 1 March 2022
133.668
139,073
11.
Events After the End of the Reporting Perlod
There have been no significant events affecting the company since the financial year-end.
Slnklng Fund
12.
The directors elected to create a sinking of £65.500 during the financial year end 28th February 2023.
13

continued
Dun Uladh Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 28 February 2023
13.
Income
2023
2022
Total
Income
Restricted
Unr8Stricted
Restricted
Unrestrl¢t8d
Arts Council Grant
74,254
74,254
45,472
Fermanagh Omagh
District Council
20,595
20,595
8,100
Other Grants
Comhallas Ceolloiri
Eireann Grant
26.700
115,379
115.379
96.221
The Executive Office TEO
Grants
3.567
3,567
25,427
4,592
Government Grant
19.851
Sales
Fundraising & Event
proceeds
10,163
10.163
13,991
8,973
8,973
8,682
Bar taking
1,061
1,061
240
Rent of Facilities
Amortisation of
Government Grant
24,390
24.390
21,784
5,113
5,113
5.405
Department of Finance
50,000
263.495
213,795
49.700
175,550
150,915
14

DUN ULADH LIMITED
IA company Ilmlt¢d by guarantee. not havlng a sharg capltall
SUPPLEMENTARY INFORMATION
RELATING TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2023
15

Dun Uladh Limited
IA company limited by guarantee, not having a share capilall
SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS
DETAILED INCOME STATEMENT
for the financial year ended 28 February 2023
2023
2022
Income
Sales
FL¢ndraising and event proceeds
Bar takings
Rent of facilities
Amortisation of govemment grants
Arts Council grant
Femanagh Omagh District Council Grant
Comhallas Ceoltoiri Èireann grants
Other grants
The Executive Offic8 (TEO) Grants
Govemmenl Grant- COVID
Department of Finance (DOF) Grants - COVID
10,163
8,973
1.061
24,390
5,113
74,254
20,595
115,379
13.991
8.682
240
21,784
5,405
45,472
8.100
96,221
26,700
30,019
19,851
50.000
3,567
263,495
326.465
Expendlture
Bar purchases
Cultural activities
Event expenses
Movement in stock
Wages and salaries
Social security costs
Rates
Insurance
Light, Heat & water
Repairs and maintenance
Printing. postage and stationèry
Telephone
Computer costs
Travelling and accomodalion
Legal and professional
Accountancy
Bank charges
General expenses
Adminislralion costs
Depreciation
1,337
22.196
22,037
844
45,406
39.736
247
109,915
9,436
103,950
4,463
2,329
3,000
12,863
29,855
3,864
3,021
5.059
3,763
2,844
3.632
600
2,563
4.315
28.401
2,876
5.252
12,003
1,044
2,122
1.078
2,141
2,335
3,225
711
4.196
3,280
17,887
260.092
263,734
Net surplus
3,403
62,731
The supplementary information doe5 not form part of the financial statements
16