Company Registration Number.. N1027039
Dun Uladh Limited
IA company limited by guarant88, not havlng a shara eapttall
Directors. Report and Unaudited Financial Statements
for the financial year ended 29 February 2024

Dun Uladh Limited
IA company limited by guaranteè. not having a share capital)
CONTENTS
Page
Directors and Other Information
Directors, Report
Accountants, Report
Income Statement
Statement of Financial Position
Reconciliation of Members, Funds
Statement of Cash Flows
10
Notes to the Financial Statements
Supplementary Infonnalion on Income and Expenditure Account
15

Dun Uladh Limited
IA company Ilmlt8d by guaranto8, nat havrng a share capital)
DIRECTORS AND OTHER INFORMATION
DiTectOTS
L8bhras O'murchu
Colmain O'muimneachain (Resigned 21 November
20231
Seamus Maccormaic
Tomas O Maoldomhnaigh
Padraig O'Dufaigh
Padraig O'ceallaigh
Company Secretary
Brendan McAleer
Company Registration Number
N1027039
Registered Office and Business Address
Cultural Heritage Centre of Ulster
Drumakilly Road
Omagh
Co. Tyrone
8T79 OJP
Ireland
Accountants
ECOVIS DCA Limited
Chartered Accounlanls
27 Upper Mount Street
Dublin 5
Ireland
Bankers
Bank of Ireland
Ornagh
Campsie
Co. Tyrone
BT79 OAE
Northern Ireland
Solicitors
Murnagh8n Colton Solicitors
3 John Street
Omagh
Co. Tyrone
BT78 1DW
Northern Ireland
Eugene P Kearns. B.C.L Solicitor
10 Lower Abbey Street
Dublin 1
Ireland

Dun Uladh Limited
{A company Ilmlted by guarantee. not havlng a sharg capltall
DIRECTORS. REPORT
for the financial year ended 29 February 2024
The directors present their report and the unaudited financial slalements for the financial year ended 29 February
2024.
Princlpal Activity
The organisalion is a charitable company limited by guarantee. The company does not have a Sha￿ capital and
consequently the liability of members is limited, SLJbject to an undertaking by each member to contribute lo the nel
assets or li8bililies of the company on winding up such amounts as may be required not exceeding one pound (£11.
The principal activity of the company is that of the promotion of the cultural heritsge of Ulster, particularfy the music of
the provin￿, its history and culture. The company has established a Cultural Heritage Centre for locals and visitors
lo the region. The facilities provided include an exibilion cenlre, display hall, recording facilities and a li￿nSed bar.
The company is a registered charity (reference no.. NIC100667)
The company is limited by guarantee not having a share capital.
Principal Risks and Uncertalnties
There are a number of factors which may materially and adversely affect our ability lo achieve our objectives. These
risks include:
-Threal of competitors
-changes in extemal operating environment
-Loss of funding
-changes in customer buying behavior
The organislion has 8dopled 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 at each board
meeting and a risk register has been established.
Financial Results
The Ideficilysurplus for the financial year after providing for depreciation amounted lo £132.411 }12023 - £3,403).
Directors
The directors who served during the financial year are as follows:
Labhras O'MuTchu
Colmain O'muimneachain {Resigned 21 November 20231
Seamus Maccormaic
Tomas O Maoldomhn8igh
padraig O'Dufaigh
Padraig O'ceallaigh
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 company did not make any disclosable political contributions in the current financial year.

Dun Uladh Limited
IA company limited by guarantee. not having a share eapltall
DIRECTORS. REPORT
for the financial year ended 29 February 2024
statement of Directors, Responsibilitles
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 slalements for each financial year. Under Ihal law the
directors have elected lo prepare the financial statements in accordance with United Kingdom Gener811y Accepted
Accounting Practice {Uniled 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 satisfied that they give a true and fair view of the slate of affairs of the
company and of the surplus or deficit of the company for that period.
In preparing Ihese financial statements. the directors are required lo..
select suitable accounting policies and apply them consislenlly,.
make judgements 2nd accounting eslimales that are reasonable and prudent,.
prepare the financial slalements on the going concern basis unless it is inappropriate to presume that 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 Iransactions and disclose with reasonable accuracy at any time the financial position of the company and
enable them to ensure Ihat the financial slalemenls comply with the Companies Act 2006. They are also responsible
for safeguarding the assets of the company and hence for taking reasonable sleps 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*nd.
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relaling to small companies within Part
15 of the Companies Act 2006.
On behalf of the board
as O'murchu
Director
Date:
01

Dun Uladh Limited
IA company limited by guarant&&. 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 29 February 2024
In accordance with the 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 slalemenls of the company for the financial year ended 29
February 2024 as sel out on pages 7 10 13 which comprise the Income Slalement, the Slalemenl of Financial
Position, the Reconciliation of Members, Fund5, the Slalement of Cash Flows and the related notes from the
company's accounting records and from information and explanations you have given lo 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 slalemenls that we have been
engaged lo compile, report to the Company's Board of Directors that we have done so. and slate 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 olher than the Company and ils Board of Directors, as a body, for our
work or for this report.
We have Ca￿led out this engagement in accordance with guidance issued by Chartered Accounlanls Ireland and
have complied with the relevant ethical guidance laid down by Chartered Accounlanls Ireland relating lo members
undertaking the compilation of financial statements.
You have a¢kno￿edged on the Slalemenl of Financial Position for the year ended 29 February 2024 your duty lo
ensure that Dun Uladh Limited has kept adequate accounting records and lo prepare statutory financial statements
that give a true and fair view of the assets, liabilities. financial position and deficit of Dun Uladh Limited. You consider
that Dun Ul8dh Limited is exempl from the statutory audit requirement for the financial year.
We have not been instructed to carry out an audit or a review of the financial stslemenls of Dun Uladh Lirniled. For
this reason, we have not verified the adequacy, accuracy or completeness of the accounting records or information
and explanations you have given to us and we do not, therefore, express any opinion on the slalutory financial
statements.
ECOVIS DCA LIMITED
Chartered Accounlanls and Slalulory Audit Firm
27 Upper Mount Slreel
Dublin 5
Ireland
Date:

Dun Uladh Limited
(A company limited by guarantee, not havlng a share captt411
INCOME STATEMENT
for the financial year ended 29 February 2024
2024
2023
Notes
Income
276,547
263,495
Expenditure
{308.9581
{260,0921
IDeficit)Isurplus for the financial year
(32,411)
3,403
Total comprehonsivg incomg
132.411)
3,403
The notes on pages 1110 13 form part of the financial statements

Dun Uladh Limited
A company lirnitad by guarantee, not having 3 sham capltal)
Company Registration Number: N1027039
STATEMENT OF FINANCIAL POSITION
88 al 29 February 2024
2024
2023
Notes
Fixed Assets
Tangible assets
205,152
230,168
Current Asset5
Deblors
Cash and cash equivalents
17,128
161,961
159,518
164,629
179,089
Creditor5: amounts falling due within ong year
(77,612)
179,822)
Net Current Assets
87.017
99.267
Total A$$ets less Current Liabilitie5
292.169
329,435
Long Term Creditor5
10
{123.700)
1128,555)
Net Assets
168.469
200.880
Reserves
Capital reserves and funds
Retained surplus
{65.5001
233.969
(65,5001
266,380
Equity attributable to owners of the company
168.469
200,880
These financial statements have been prepared in accordance with the special provisions relating lo small companies
within Part 15 of the Companies Act 2006.
For the financial year ended 29 February 2024 the company was enlilled lo exernption from audit under section 477
ofthe Companie5 Act 2006.
The directors confirm that the mernbers have not required the company lo obtain an audit of ils financial statements
for the financial year in question in accordance with section 476 of Ihe Companies Act 2006.
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which
comply with section 386 and for preparing financial slalernenls which give a true and fair view of the Stale of affairs of
the company as al the end of the financial year and of ils profil and loss for the financial year in accordance with the
requirements of sections 394 and 395 and which othe￿iSe comply with the requirement5 of the Companies Act 2006
relating to financial stslements. so far as applicable to the company.
Approved by the Board and authorised for issug on IL- I1- 20
and signed on its bghalf by
Labhras
Director
'Murchu
The notes on pages 11 to 13 form parl of the fi'nancial stslements

Dun Uladh Limited
IA company limited by guarantee, not havlng a share capitsll
RECONCILIATION OF MEMBERS. FUNDS
as at 29 February 2024
Retained
surplus
Total
At 1 March 2022
262,977
262.977
Surplus for the financial year
3.403
3,403
Other movements in equity
atlribulable to owners
165,5001
165,500)
At 28 February 2023
266,380
{65,500)
200,880
Deficit for the financial year
132,4111
132,411}
At 29 February 2024
233.969
165,5001
168,469

Dun Uladh Limited
IA company Ilmited by guarant88, not havlng a share capital)
STATEMENT OF CASH FLOWS
for the financial year ended 29 February 2024
2024
2023
Notes
Cash flows from operating activities
IDeficil)IsurplLts for the financial year
Adjustments for..
Depreciation
Amortisalion of governmenl grants
132,411)
3,403
28,519
14,855)
28.401
{5,1131
18,747)
26.691
Movements in working capital:
Movement in debtors
Movement in creditors
12.017
12,210)
{11,8661
61,291
Cash generated from operations
1,060
76.116
Cash flows from investing activities
Payments to acquire tangible assets
(3,503)
154,667)
Cash flows from financing activlties
Sinking fund Movement
165.500)
Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of financial year
{2.443}
161.961
144.051)
206,012
Cash and cash equivalents at end of financial year
159,518
161,961
10

Dun Uladh Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 29 February 2024
Gengral Information
Dun Uladh Limited is a company limited by guarantee incorporated in Northern 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 company's operations and ils principal
activities are sel out in the Directors, Report. The financi21 slalements have been presented in Pound 1£)
which is also the functional currency of the cornpany.
Summary of Signlficant Accounting Policies
The following accounting policies have been applied consistently in dealing with items which are considered
material in relation lo the company's financial statements.
Statement of compliance
The financial slalements of the company for the year ended 29 February 2024 have been prepared in
accordan￿ with the Financial Reporting Standard applicable in the United Kingdom and the Republic of
Ireland IFRS 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 con￿rn basis and in accordance with the historical
cost convention except for certain properties and financial instruments that are measured at revalued amounts
or fair values. as explained in the accounting policies below. Historic81 cosl is generally based on the fair
value of the consideration 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 lax.
Tangible assets and depreclation
Tangible assets are slated at cost or at valuation, less accumulated depreciation. The charge to depreciation
is calculated lo write off the original cost or valuation of tangible assets, less their eslimaled residual value.
over Iheir expected useful lives as follows..
Land and buildings freehold
Plant and machinery
Fixtures. fillings and equipment
Over the life of Asset
20 /0 Straight line
200/0 straight line
The carrying values of tangible fixed assets are reviewed annu811y for impairment in periods if events or
changes in circumstances indicate the carrying value may not be recoverable.
Trade and other debtors
Trade and other debtors are initially recognised al fair value and there8fler slated al amortlsed cost usin9 the
effective interest method less impairment losses for bad and doubtful debts except where the effect of
discounting would be immaterial. In such cases the receivables are slated al cost less imp8irmenl losses for
bad and doubfful debts.
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter slated at amortised cost using the
effective interest rate method, unless the effect of discounting would be immaterial. in which case they are
staled al cost.
Taxation
The company is a registered charity (reference no: NIC1006671 and is therefore exempt from corporation tax.
Long Term Credltors
Capital grants received and Teceivable are treated as deferred income and amortised lo the Income
Statement annually over the useful economic life of the asset lo which it relates. Revenue grants are credited
to the Income Statement when received.
11

continued
Dun Uladh Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 29 February 2024
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange
ruling at the Statement of Financial Position dale. Non-monelary items that are measured in terms of historical
cost in a foreign currency are translated al the rates of exchange ruling al the dale of the Iransaclion.
Non-monetary items that are measured al fair value in a foreign currency are translated using the exchange
rates at the dale when the fair value was determined. The resulting exchange differences are dealt with in the
Income Slalement.
Significant accounting Judgements and key sourc95 of estlmation uncertainty
GOING CONCERN
The directors have prepared budgets and cash flows for a period of al least twelve months from the dale of
the approval of the financial statements which demonslrale that there is no material uncertainty regarding the
company's ability to meet ils liabilities as they fall due. and lo continue as 8 going concern. On this basis the
directors consider il appropriate to prepare the financial statements on a going concern basis. Accordingly,
these financial slalernenls do not include any adjuslmenls to the carrying amounts and classification of assets
and liabilities that may arise if the company was unable to continue as a going concem. The directors have
considered the potential implications of Covid-19 during their assessment of the company's abilily lo 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 lo dale
financial inforrnalion and conservative realistic assumptions derived from the direclor5' cumulative knowledge
and experience.
Employees
The average monthly number of employees, including directors. during the financial year was 6,12023 71.
2024
Nurnber
2023
Number
Admin Employee
Tangible assets
Land and
buildings
freehold
Plant and
Fixtures,
machinery fittings and
equipment
Total
Cost
At 1 March 2023
Additions
692,876
63.446
142.018
3,503
898,340
3.503
At 29 February 2024
692.876
63,446
145,521
901,843
Depreclation
At 1 March 2023
Charge for the financial year
521,821
8,695
63,446
82,905
19,824
668,172
28.519
At 29 February 2024
530.516
63,446
102,729
696,691
Net book value
Al 29 February 2024
162,360
42.792
205.152
Al 28 February 2023
171,055
59,113
230,168
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 Herilge Centre al Drumakilly Road, Omagh. Co Tyrone.
12

onlinued
Dun Uladh Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 29 February 2024
Debtors
2024
2023
Other debtors
Prepayments and accrued income
3.566
1,545
15,009
2,119
5.111
17,128
Cash and cash equivalents
2024
2023
Cash and bank balances
159,518
161.961
Creditors
Amounts falling due within one year
2024
2023
Client creditor balances
Taxation and social security costs (Note 9)
Other creditors
Accruals
4.790
4,322
65.500
3.000
7,413
3,909
65,500
3,000
77.612
79,822
Taxation and social security
2024
2023
Creditors:
VAT
PAYE I NI
902
3,420
205
3.704
4,322
3.909
10.
Capital Grants
2024
2023
Capital grants received and receivable
At 1 March 2023
516.200
516.200
Amortisation
At 1 March 2023
Amortised in financial year
1387.6451
{4,855)
1382,532)
15,113}
At 29 February 2024
(392.5001
(387.6451
Net book value
At 29 February 2024
123.700
128,555
At 1 March 2023
128,555
133.668
11.
Events After the End of the Reporting Pgriod
There have been no significant events affecting the company Sin￿ the financial year-end.
12.
Slnklng Fund
The directors elected lo create a sinking of £65.500 during the financial year end 29th February 2024.
13.
Income
13

DUN ULADH LIMITED
IA company limited by guarantèo. not having a share capital)
SUPPLEMENTARY INFORMATION
RELATING TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 29 FEBRUARY 2024
14

Dun Uladh Limited
IA company Ilmlt8d by guarantee, not having a share capltal}
SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS
DETAILED INCOME STATEMENT
for the financial year ended 29 February 2024
2024
2023
Income
Sales
Fundraising and event proceeds
Bar tskings
Rent of facilities
Amortisation of government grants
Arts Council grant
Fennanagh Omagh District Council Grant
Comhallas Ceolloiri Èireann grants
The Executive Office (TEOI Grants
Belfast City Council
Co-Oper8lion Ireland
11,337
9.326
2,053
22,677
4,855
74,956
7,400
113,436
10,163
8,973
1,061
24,390
5,113
74.254
20,595
115,379
3,567
22,025
8,482
276,547
263,495
Expenditure
Bar purchases
Cultural activities
Event expenses
Wages and salaries
Social security costs
Rates
Insuran
Light. Heat & water
Repairs and maintenance
Printing. postage and stationery
Telephone
Computer costs
Travelling and accomodation
Legal and professional
Accountancy
Bank charges
Discounts allowed
General expenses
Administration costs
Depreciation
2.045
67.249
22.497
124.233
5,990
1.906
4.044
7,748
11.393
770
3,630
5,347
5.143
6,531
6,241
414
420
621
4,217
28.519
1,337
22.196
22.037
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
308.958
260,092
Net Ideflelt)Isurplu$
(32,4111
3,403
The supplementary information does not form part of the financial statements
15