Charlty reglstration number XR21418
Company registration number N1033956 (Northern Ireland)
AN DROICHEAD LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

AN DROICHEAD LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Directors
N McM8Ster
p O Duinnin
MBDuffy
M Canning
L Glenn
A Martin
l McGowan
M Engram
(Appointed 19 October 2022)
(Appointed 1 June 2022)
(Appointed 1 June 2022>
(Appointed 1 June 2022)
(Appointed 25 May 2023)
Secretary
p O Duinnln
Charlly number
XR21418
Company number
N1033956
Prlnclpal address
Larionad An Droichid
20 Cooke Street
BELFAST
BT7 2EP
Registered office
Larionad An DroiGhid
20 Cooke Street
BELFAST
BT7 2EP
Auditor
Kearney & Co
2nd Floor
Donegall House
98-102 Donegall Street
Belfast
BT12W
Bankers
Bank Of Ireland
308-310 Ormeau Road
Belfast
BT7 2GE
SolScltors
Hewitt Gilpin Solicitors
Thomas House
14-16 James Street South
Belfast
BT2 7GA

AN DROICHEAD LIMITED
CONTENTS
Page
Trustees, report
statement of Trustees, responsibilities
Independent auditor's report
Stalement of financial activities
10
Balance sheet
Statemenl of cash flow8
13
Notes to the financial stalemenls
14-23

AN DROICHEAD LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2023
The Directors present their annual report and financial Statements for the year ended 31 March 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the charity's governing document, the Companies Act 2006 and
'Accounting and Reporting by Charities. Statement of Recommended Practice applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS 102). (as amended for accounting periods commencing from 1 January 2016)
Reference and admlnlstratlve delalls:
Directors
N Mcmaster
p O Duinnln
MBDuffy
C O'connell (Resigned 16th May 2023)
L Glenn
A Martin
l McGowan
M Canning
M Engman (Appointed 25th May 2023)
Secretary
P Deeds (Resigned 23rd August 2023)
p O Duinnln (Appointed 23rd August 20231
Charity number
XR21418
Company number
N1033956
Prlnclpal address
Larionad An Drolchid
20 Cooke Street
BELFAST
BT7 2EP
Reglstered offlce
Larionad An Droichi
20 Cooke Street
BELFAST
BT7 2EP
Auditor
Kearney & Co
Donegall House
2nd Floor
98-102 Donegall Street
Belfast
BT12GW
Bankors
Bank Of Ireland
306-310 Ormeau Road
Belfast
BT7 2GE
Sollcltors
Hewitt Gilpin Solicitors
Thomas House
14-16 James Streel South
Belfast
BT2 7GA

AN DROICHEAD LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Objectlves and activlties
The company's objects are specifically restricted to the promotion of the Irish language, arts and culture, the
promotion and advancement of education through the medium of Irish language, and the promotion of the benefit
of the inhabitants (hereinafter called "the benefiGiaries") who are resident in the South and East Belfast areas in
particular but not exclusively (hareinafter Called the 'area of benefiÉ') without distinction of age, gender, disability,
sexual orientation, nationality, elhnic identity, political or religious opinion, by associating the slalutory authorities,
community and voluntary organisations and the inhabitants in a common effort lo advance education and the
promotion of Irish language and culture and to provide facilities in the interests of social welfare for recreation or
other leisure-time occupation, wilh th8 object of improving the conditions of life for the said beneficiaries and in
particular:
a. lo promote the benefit of the public and advance education in all matters relating to the Irlsh language,
arts, music, crafls and Irish cultural heritage;
b. to establish or secure or assist in the securing of the e5tabli5hment of arts and cultural facilities and to
maintain or manage or co-operate with any statutory authority in the maintenanc8 and management of
such facilities for actlvltles promoted by the company in furtherance of the above objects.,
c. to maintain, develop and manage or co-operate with any local education aulhorlty or statutory body in
the maintenance and management of pr&school, primary school, afterschool and youth facilities
educational and recreational facilities through the medium of Irish in the interests of social welfare for
children, young people and their paientS-,
d. to provide and facllltate trainlng for parents and carers of children in child development, parenting and
other appropriate subjeds,
e. to promote or assist in prornoling capacity building programmes and projects for the benefit of the
inhabitants within the area of benefit who have need of such assistance as a result of their youth, age,
disability or infirmity, or social and economic circumstances, in an effort lo increase the abilities, skills,
self.esteem and self-¢onfid8nce of such communities in the area of benefit so that their conditions of life
may b8 improved.,
f. to advance any other exclusively charitable purpos8 as the directots, may from tlme to tlme, decide in
accordance with the law of charity.

AN DROICHEAD LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
The policies adopled in furtherance of these objects are
1. Inform statutory and voluntary agencies, govemment, the Irish speaking community, and the general
public locally, regionally nationally and internationally and act as a forum for the promotion of discussion
of iesearch regarding all issues relevant to the Irish language and to groups, projects and initialives in
the area of benefit.
2. Provision of daycare, playgioup and afterschool facilities onsite through the medium of the irish
language.
3. Monitor and support the provision of educational research, facilities and practical assistance for Irish
medium education, arts, community work and training projects in the area of benefil in the furtherance of
the objects.
4. Provide, mainlain and equip or assist in the provision, Maintenance or equipment of facilities designed
to carry out the objects ofAn Droichead.
5. Promote and carry out or assist in promoting ané carrying out research, suNeys, investigations and
translations and publish th8 useful results Ih6reof th6 research, collate and disseminate information from
statutory, private sector or other sources relevant to Ihe Irish language organisations and the general
public, locally, regionally, nationally and inlernalionally.
8. Organise or assist in organising meetings, lectures, classes, exhibitions, drama, talks, workshops, book
launches, pamphlets, leaflets or other documents or communications in furtherance of objects.
7. Procure to be written and printed, published, issued. distributed and circulated reports, periodicals,
books, pamphlets, leaflets or other documents or communications in furtherance of objects.
8. Obtain, collect and receive money by way of grants, donations, bequests, legacies or other lawful
method, and make or disburse granls or loans for charitable purposés in furtherance of the above
objects provided that An Droichead shall not undertake any substantial permanent trading activities.
9. Purchase, take on lease or hire, or otherwise acquire any real personal property and any rights or
privileges necessary for the promotion of the above objects and construct, maintain or aller any buildings
or erections which An Droichead may think necessary for the promotion of the objects.
10. Make any regulations for any property which may be so acquired.
11. Subject to any consents which may for the lime being be required by law. sell, let, mortgage, disp)se of
or turn to account all or any of the property assets of An Droichead with a view to the furtherance of ils
objects.
12. SubjeGI to SUGh consents as may be Tequired by law, receive money on deposit or loan, or borrow or
raise money in such a manner as An Droichead shall think lil to change any part of the property of An
Droichead with repayment of the money so borrowed.
13. Invest the moneys of An Droichead not immediately required for the furtherance of the objects in o r upon
such investments, securities or property as may be thought fit, subject nevertheless lo such consents {if
any) as may for the lime being be imposed or required by law.
14. Recruit and train volunteers with relevant skills to carry out the objects of An Droichead.
15. Employ and pay any person {nol being a member of the management commitleel to supervise,
organise and Garry out the work of An Draichead and make all reasonable and necessary provision for
the payment of remuneration to employees.
16. Encourage and organise co-operation between An Droichead and government agencies, local
authorilies, statutory bodies and voluntary and community bodies with similar aims in any part of the
world in pursuit of the objects of An Droichead.

AN DROICHEAD LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
The Oirectors have paid due regard to guidan￿ issued by the Charity Commission in deciding what activities the
charity should undertake.
Achlevements and performanco
Flnanclal review
An Droichead's income from day care fees continues to improve and has exceeded pre-Covid-19 pand8mic
levels.
Also cash balances have increased, net assets have been malntained and the Charity is able to maintain
operating surplus.
An Droichead contlnues to rely upon grants and day care fees.
The directors plan a significant expansion of the day care provision through an extension of the premises.
The directors will continue with the provlslon of day care, playgroup facilities at its maln sile through the medium
of the Irish language.
An Droichead has a rlsk management policy in place under which risks are identified and revi8wed by
management on a regular basis. Procedures are in place to manage the risks.
11 Is the policy of the charily that unrestricted funds which have not been designated for a specrfic use should be
maintained at a level equivalent to between three and six month's expenditure. The Directors consider that
resétves at thls level wlll ensure that, in the event of a significant drop in funding, they will be able to continue the
charity's Gurrent activities while consideration is given lo ways in which additional fund8 may be ralsed. This level
of reserves has been maintained throughout the year.
The Directors have assessed the major risks to which the charity is exposed, and are satisfied that syslems are
in place to mitigate exposure to the major risks.
Structur81 governance and management
The charity is a company limited by guarantee incorporated on 2nd April 1998 and registered as a charity with
The Charity Commission for Northern Ireland.
The company was established under a Memorandum ofAssociatlon and is governed by its Articles of
Association.
The Directors who served during the year and up to the dale of signature of the financial statements were..
N Mcmaster
K O'Dowd
p O Duinnln
MBDuffy
S Hannity
C O'connell
M Canning
L Glenn
Amartin
l McGowan
M Engram
(Resigned 1 June 2022)
(Resigned 1 June 2022)
(Resigned 1 S May 2023}
(Appointed 19 October 2022)
(Appointed 1 June 2022)
(Appointed 1 June 2022)
(Appointed 1 June 2022)
(Appointed 25 May 20231

AN DROICHEAD LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Rocruitment and appolntment of management committee
The directors of the company are also charily Iiustees for the purposes of Charily Law. Under the requirements
of the Memorandum and Articles ofAssociation directors are elected at an Annual General Meeting by the
members lin person, or through an authorised representative or by proxy).
A retiring director shall, be eligible for re- nomination and election provided thal no director shall serve more
than four consecutive three year tem)s on the board. In the case of a retiring director who has served for a
total period of twelve consecutive years, helshe shall not be eligible for re-election to serv8 as a director for
any further period until at least 12 months has expired since the end of hislher ninth year in office
All new directors receive in-house induction and training appropriate to their roles
None of the Directors has any beneficial interest in the company. All ofthe Directors are members of the
company and guarantee to contribute £1 in the event of a winding up.
Organlsatlonal Slructure
An Droichead has a Management Committee, made up ofTrustees, The Committee meets regularly and are
responsible for the strategic direction and policy of the charity. The day to day responsibility for the provision of
the services rests with the Chief Executive.
Key management personnel pay rates are agreed by the Trustees.
Auditor
The Board ofAn Droichead Limited approved re-appointm8nt of K8arney & co as their auditor for the year.

AN DROICHEAD LIMITED
TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Disclosure of Information to auditor
Each of the Directors has confirmed that there is no information of which they are aware which is relevant to the
audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to
identify such relevant information and to establish that the audilor is aware of such information.
The Trustees, report was approved by the Board of Directors.
p O Dulnnln
Secretary
Dated.. 21 December 2023

AN DROICHEAD LIMITED
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2023
The directors, who also act as trustees for the charitable activities of An Droichead Limited, are responsibl8 for
preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom
Accounting Standards (United Kingdom GenerallyAccepted Accounting Practice).
Company Law requires the DirectOTS to prepare financial statements for each financial year which give a truè and
fair view of the state of affairs of the charity and of the incoming resources and application of resources, including
the income and expenditure, of the charitable company for that year.
In preparing Ihese financial statements, the Directors 8re required to..
select suitable accounting policies and then apply thèm consistently-
obseNe Ihe methods and principles in the Charities SORP.
make judgements and estimates that are reasonable and prudent.
stale whether applicable UK Accounting Standards have been followed, subject lo any malerial departures
disclosed and explained in the financial statements., and
prepare the financial statements on the going concern basis unless il is inappropriate to presume that the charity
will continue in operation.
The Directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at
any lime the financial position of the charily and enable them to ensur8 that the financial statemen ts comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detedion of fraud and other irregularities.

AN DROICHEAD LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE DIRECTORS OF AN DROICHEAD LIMITED
Oplnlon
We have audited the financial statements of An DroiGhead Limited (the 'charity'l for the year ended 31 March 2023
which comprise the stalement of financial activities, the balance sheet, the statement of cash flows and notes to the
financial slalements, including significant accounting policies. The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial
Reporting Standard 102 rhe Fin8nGi81 R8porting Stand8rd applicable in the UK and RepubliG of Ireland (United
Kingdom GenerallyAccepled Accounting Practice).
In our opinion, the financial statements..
give 8 true and fair view of the stale of the charitable company's 8ffairs as at 31 March 2023 and of SIS
incoming resources and application of resources, including its Income and expenditure, for the year then
ended.,
have been properly prepared in accordance with United Kingdom Gener811y Accepted Accounting Practi￿.
and
have been prepared in accordance with the requirements of the Companies Act 2006.
8asls for oplnion
We conducl&d our audit in accordance with International Standards on Auditing (UK) IISAS (UK)) and appllcable
law. Our responsibilities under those standards are further described In the Auditorfs responsibiliti&s for the audit ol
the financial st8ten?ents section of our report. We are independent of the charity in accordance with the ethical
requirements that are relevant lo our audit of the financial statements in the UK, including the FRC'S Ethical
standard, and we havè fulfilled our olher ethical responsibilities in accordan￿ wilh these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basls for our opinion.
Conclusions relatlng to golng concern
In auditing the financial statements, we have concluded th81 the Trustees, usè of the golng concern basis of
awounting in the preparation of the financi81 statements is approprlate.
Based on the work we have performed, we have not Identified any material uncertainties relaling lo events or
conditions that, individually or collectively, may cast significant doubt on the charity'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 responsibllltles and the responsibilities of the Directors with respect to going concern are described in the
relevant sections of this report.
Other Informatlon
The other information comprises the information Included in the annual report other than the financial statements
and our auditor's report thereon. The Directors are responsible for the other information contained within the annual
report. Our opinion on the financial statements does not cover the other information and, except to the extent
otherwise explicitly stated in our reporl, we do not express any form of assurance conclusion thereon. Our
responsibility is to read the other information and, in doing so, consider whether th8 other information is materially
inconsistent with the financial statements or our knowledge obtained in the course of the audit, or othewise appears
to be materially misstaled. If we identify such material inconsistencies or apparent material misstalemenls, we are
required lo determine whether this gives rise to a material misstatemenl in the financial statements themselves. If,
based on the work we have performed, we conclude that there is a material misstalemenl of this other information,
we are required lo report that fact.
We have nothing to report in this regard.
Oplnlons on oth&r matters prescrlbed by the Companles Act 2006
In our opinion, based on the work undertaken in the course of our audit..
the information given in the Trustees. report for the financial year for which the financial statements are
prepared, which includes the diiectors, report prepared for the purposes of company law, is consislent with the
financial statements- and
the directors, report included within the Trustees, report has been prepared in accordance with applicable legal
requirements.

AN DROICHEAD LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE DIRECTORS OF AN DROICHEAD LIMITED
Matters on whlch we are r8qulred to report by 8xception
In the light of the knowledge and understanding of the charity and its environmenl obtained in the course of the
audil, we have not identified material misstatements in the directors, report included within the Trustees, report.
We have nothing lo report in respect of the following matters in relation lo which the Companies Act 2006 requires
us to report to you if, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not been received
from branches not visited by us,. or
the financial statements are not in agreement with the accounting records and returns- or
certain disclosures of trustees, remuneration specified by law are not made. or
we have not received all the information and explanations we require for our audit., or
the Directors were not entitled to prep8re the financial statements in accordance with the small companies
regime ané take advantage of the small companies, exemptions in preparing the Trustees, report and from the
requirement ID prepare a strategic r&port.
R8sponsibilities of Dlreclors
As explained more fully in the statemenl of Trustees. responslblllties, the Directors are responsible for the
preparation of the financial statements and for being satisfied that they give a Irue and fair view, and for such
internal control as the Directors determine is necessary to enable the preparation of financial slalements that are
free from material misstatement, whether due to fraud or error. In preparing the financial statements. the Directors
are responsible for assessing the charity's ability lo continue as a going concern, disclosing, as applicable, matters
related lo going concern and using the going concern basis of accounting unless the Directors either inlend to
liquidate the charitable company or to cease operations, or have no realistic alternative bul to do so.
Audltorf8 responslbllities for the audit of the financial stalements
Our objectives are lo obtain reasonable assuranc8 about whether the financial statements as a whole are free from
material misstalemenl, whether due lo fr8ud or error, and to issue an auditorfs report that includes our opinion.
Reasonable assurance is a high level of assurance bul is not a guarantee thal an audit conducted in accordance
with ISAS (UK) will always delect a material misslatement when it exists. Misstalemenls can arise from fraud or
error and are considered material if, individually or in the aggregate, they could reasonably be expected to influen
the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are Capable of detecting irregularities, including fraud, is detailed below.
A further descriplion of our responsibilities is available on the Financial Reporting Council's website at.. hltps'.11
w.frc.org.ukjauditcrsfesponsibililies. Thi8 d8scripiion forms part of our auditor's report.
This report is made solely to the company's members, as a body, in accordance with chapter 3 of part 18 of the
Companies Act 2006 and regulations made under that Act. Our audit work has been undertaken so Ihal we might
stale to the company's members those matters we are required lo slate to them in an 8uditor's report and for no
other purpose. To the fullest extent permitted by law, we do not ac￿p1 or assume responsibility to anyone other
than the company and the Gompany's members as a body. for our audit work, for this report, or for the opinions we
have formed.
May Glbbons (Senlor
for and on behalf of Ke
tutory Auditor
ney&Co
21 De￿mber 2023
Chartered Accountants
Statutory Auditor
2nd Floor
Donegall House
98-102 Donegall Street
Belfast
BT12W

AN DROICHEAD LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
Unreslricted Restrlcled
funds
funds
2023
2023
Total Unrestrlcted Restrlcted
funds
funds
2022
2022
Total
2023
2022
Notes
Income from:
Donations and legacies
Charitable activities
other trading activities
4.420
657,978
12,350
4,420
357,392 1,015,370
12,350
4,281
542,624
478
4,281
810,286
478
267.662
Total Incom8
674,748
357,392 1,032,140
547,383
267,662
815,045
Charitable activities
626,382
357,392
983,774
525,920
267,662
793,582
N61 Income and mov8m&nt In
funds
48,366
48,386
21,463
21,463
Reconclllatlon of fund8:
Fund balances at 1 April 2022
251,282
251,282
229,819
229,819
Fund balancos at 31 March
2023
299,848
299,648
2S1,282
251,282
The statement of financial activities includes all gains and losses recognised in the year. All income and exp8ndilure
derive from continuing activities.
10-

AN DROICHEAD LIMITED
BALANCE SHEET
AS AT 31 MARCH 2023
2023
2022
Notes
Fixèd assets
Tangible assets
11
509,739
538,446
Current assets
Debtors
Cash at bank and in hand
12
183,385
16,665
138,811
2,588
200,050
141,399
Credltors: amounts falllng due wlthln
one year
14
(61,546)
{54,495>
Net current assets
138,504
86,904
Total assets less current Ilabllltles
648,243
625,350
Credltors: amounts falllng due aft6r
more than one yoar
15
(348.595)
(374,068)
Net assets
299,648
251.282
Income funds
Unrestricted funds
299,648
251,282
299,648
251,282
The financial statements were approved by the Directors on 21 December 2023
11

AN DROICHEAD LIMITED
BALANCE SHEET (CONTINUED)
AS AT31 MARCH 2023
l McGowan
Trustee
Company Reglstratlon No. N1033956
12

AN DROICHEAD LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2023
2023
2022
Notes
Cash flows from operating activitles
Cash generated fromllabsorbed by)
operations
19
30,783
(16,199)
Investlng actlvltles
Purchase of tangible fixed assets
(19,842)
Net cash used In Investlng actlvltles
{19,842)
Flnancing activities
Repayment of bank loans
19,367)
(8,862)
Net cash used in financing activitles
(9.367)
{8.8621
Net Increasel(decrease) In Cash and cash
equivalents
21,416
(44,9031
Cash and cash equlvalents at beglnning ofyear
(4.751)
40,152
Cash and cash equlvalents at end of yéar
16,665
<4,751)
Relatlng to:
Cash at b8nk and in hand
Bank overdiafts included in creditors payable
within one year
16,665
2,588
(7,339)
13-

AN DROICHEAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Accountlng pollcies
Charlty Informatlon
An Droichead Limited is a private company limited by guarantee incorporated in Northem Ireland. The
registered office is Larionad An Droichid, 20 Cooke Street, BELFAST, BT7 2EP.
1.1 Accountlng conventlon
The financial statements have been prepared in accordance with the charity's Igoverning document], the
Companies Act 200S, FRS 102 The Financial Reporting Standard applicable in the UK and Republic of
Irelané" { FRS 102,1 and the Charities SORP "Accounting and Reporting by Charities= Statement ol
Recommended Practice applicable to charilies preparing their accounts in accordance wilh th8 Financial
Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" (effective 1 January 2019). The
charity is a Public Benefil Entity as defined by FRS 102,
The financial statements are prepared in sterling, which is the functlonal currency of the charily. Monetary
amounts In these financial statements are rounded lo the nearest £.
The financial statements have been prepared under the hlstorlcal cost convention. Imodified to include the
revaluation of freehold properties and to include investment properties and certain financial instruments at fair
value]. The principal accounting policies adopted are sel out below.
1.2 Golng concern
At the lime of approving the financi81 $18tements, the Directors have a reasonable expectatlon that the charity
has adequate resources to conlinue in operational existence for the forese8able future. Thus the Directors
continue to adopt the going concern basis of accounting in preparing the financial slalements.
1.3 Charltable funds
Unrestricted funds are available for use at the discretion of the Directors in furtherance of their charitab18
objectives.
Reslricled funds are subject to specific conditions by donors or grantors as lo how they may be used. The
purposes and uses of the restricted funds are set out in the notes lo Ihe financial statements.
Endowment funds 8re subject to specific conditions by donors that the capital must be maintained by the
Gh8rity,
1.4 Income
Income is recognised when the charity is legally entitled to il after any performan￿ conditions have been met,
the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipl. Other donations are recognised once th6 charity has been notified
of Ihe donation, unless performance conditions require deferral of the amount. Income tax recoverable in
relation to donalions received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacie5 are recognised on receipl or otherwise if the charity has been notified of an impending distribution,
the amount is known, and receipt is expecled. If the amount is not known, the legacy is treated as a
contingent asset.
1.5 Expenditure
All expenditure is recognised on an accruals basis as a liability and is incurred and classified u nder headings
that aggregate all cost related to the category.
Expenditure on charitable aclivities are costs incurred on the companies charitable operations including
support cost5 and costs relating lo the governance to the company apportioned to charitable activates.
14-

AN DROICHEAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Accounllng policies
qcontlnued)
1.6 Tanglble flxed assets
Tangible fixed assets are slated at cost net of depreciation and any impaimient loskes.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases..
Land & Buildings
Flxlures & Fitllngs
Computers
2OA Straight line
250A Straight line
250/0 Reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale
proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixèd asseis
Al each reporting end date, the charity reviews the carrying amounls of its t8nglble and intangible assets to
delermine whether there is any indication Ihal those assets have suffered an impairment loss. If any such
indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the
impairmenl loss (if any).
1.8 Cash and cash equlvalents
Cash and cash equivalents include cash in hand. deposils held at call with banks, other short-term liquid
Investments with original m81urities of three months or less, and bank overdrafts. Bank overdr8fts are shown
within borrowings in currenl liabilities.
1.9 Flnanclal Instruments
The charity has elected to apply the provisions of Section 11 'Basic Financlal Instruments, and Sectlon 12
'Olher Financial Instruments Issues, of FRS 102 to all of its fin8ncial instruments.
Financial instrum8nls are recognised in the charity's balance sheet when the charity becomes party to the
contractual provlsions ol the Instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial stalemenls, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a
net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtars and cash and bank balances, are initially me8sured at
transaction price including transaction costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured al the presenl value of the fulure receipts discounted at a market rale of interest. Financial assets
classified as receivable within one year are not amortised.

AN DROICHEAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Accountlng pollcles
(Continued)
Basic financlal Ilablllties
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement ccnslitutes a financing transaction, where the éebl instrument is measured at the present
valuè of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are ncl amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rale method.
Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment Is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognltlon of flnanclal liabilities
Financial liabilities are der8cognised when the charity's contractual obligations explre or 8re discharged or
cancelled.
1.10 Employee beneflts
The cost of any unused holiday entitlement is recognised in the period in which Ihe employee's services are
received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably eommilled
lo terminal8 the employment of an employee or to provlde terminalion benefits.
1.11 Retlrement beneflts
Payments to defin8d contribution retirement benefit schemes are charged as an expense as they fall due.
crftlcal accountlng estlmate8 and judg6ment8
In the application of the charity's accounting policies, the Directors are requir8d to make Judgements,
eslimales and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from olh&r sources. The eslimales and associated assumptions are based on historical experience and other
factors thal are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting
eslimales are recognised in the period in which the estimate is revised where the revision affects only that
period. or in the period of the revision and future periods where the revision affects both current and future
periods.
Income from donallons and legacles
Un restricted
funds
2023
Unrestrlcted
funds
2022
Donations and gifts
Membership fees
1,000
3,420
4,281
4.420
4,281
16-

AN DROICHEAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2023
Charltable actlvllles
Charltablg
incomo
2023
Total
2023
2023
2022
Sale of goods
Day care fees
Other charitable income
Grants
9,039
9,039
402,625
402,625
325.460
12,960
471,866
603,706
603,706
1,006,331
9.039 1.015.370
810,288
Analysis by fund
Unrestricted funds
Restricted funds
648,939
357,392
9,039
657,978
357,392
542,624
267,662
1,006,331
9,039 1,015,370
810,286
Income from other tradlng actlvltie8
Unrestrlcted Unrestrlcted
funds
funds
2023
2022
Shop Income
Sponsorships 8nd social lotteries
6.290
6.060
478
Other trading activities
12,350
478
17-

AN DROICHEAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Charitable aclivitlos 8xpendlture
Charitabla
Expenditure
2023
Charitabl•
Expendlture
2022
Staff costs
Educational Res & Materials
Programm8 experises
Minibus hire and Iravel expenses
Professional Fees
Other charitable expenditure
644,435
14,085
53,110
17.230
483,488
30.764
30,854
9,100
1,000
69,991
106,096
834,956
625,197
Share of support costs (see note 7)
Share of governance costs (see note 71
142,818
6,000
163,385
5,000
983,774
793,582
Analysls by fund
Unreslricled funds
Restricted funds
626,382
357,392
525,920
267,662
983,774
793,582
18

AN DROICHEAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Support costs
Support Governance
costs
costs
2023
Support Governance
cosls
costs
2022
Staff cosls
Depreciation
Training
Bank fees & charges
Loan interest
Heat, Light & Water
Telephone
Postage, stationery and
advertising
Website costs
Subscriptions
Insurance
Repairs and
maintenance
26,330
28,708
1,824
717
10,374
15.428
2,019
26,330
28,708
1,824
717
10,374
15.428
2,019
34,006
29,692
1,333
993
10,878
10.853
1,578
34,006
29,692
1,333
993
10,878
10,853
1,578
27.255
27,255
19,924
2,525
1,795
6,254
19,924
2,525
1,795
6,254
3,191
7,072
3,191
7,072
19,900
19,900
43,554
43,554
Accountancy fees
Audil fees
3,000
3.000
3,000
3,000
2,500
2,500
2,500
2,500
142,818
e,000
148,818
163,385
5,000
168,385
Analysed be￿een
Charitable activities
142,818
6,000
148,818
163,385
5,000
168,385
Governance costs includes payments to the auditors of £3,00012022- £2,500) for audil fees.
Dlrector8
None of the Directors feceived any remuneration or benefits from the charity during the year.
Employees
The average monthly number employees during the year was.,
2023
Number
2022
Number
49
48
19-

AN DROICHEAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Ernployees
{Contlnued}
Employment costs
2023
2022
Wages and salaries
Social security costs
Other pension costs
541,334
108,191
21,240
440,459
63,752
13.283
670,765
517,494
There were no employees whose annual remuneration was more than £80,000.
10 Taxatlon
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
11 Tanglble flxed assets
Land &
Bulldlngg
Flxlures &
Flttlngs
Computers
Total
Cost
At 1 April 2022
828,565
17,335
46,792
890,692
At 31 Marth 2023
826,565
17,335
46.792
890,692
Dépreclation and impalrment
At 1 Aprll 2022
DepieGiation charged in the year
319,030
16,106
9,648
9,648
23,567
2,954
352,245
28,708
At 31 March 2023
335,136
19,296
26,521
380,953
Carrylng amount
At 31 March 2023
491,429
{1,961)
20,271
509,739
At 31 March 2022
507,535
7,687
23,224
538,448
12 Debtor3
2023
2022
Amounts falllng due wlthln one year..
Other debtors
63,385
18,811
-20-

AN DROICHEAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
12 Debtors
{Contlnued)
2023
2022
Amounts falllng due after more than one year:
Other debtors
120,000
120,000
Total debtors
183,385
138,811
13 Loans and overdrafts
2023
2022
Bank ov8rdrafts
Bank loans
7,339
173,593
164,226
164,226
180,932
Payable within one year
Payable after one year
19,740
144,486
27,079
153,853
Amounts included above which fall due after five years..
Payable by inslalmenls
77,974
97,714
A debenture over 811 company assets supported by a Fixed Charge over each Folio held including th8 AN
Droichead Childcare facilily al 20 Cooke Stfeet, Belfast, BT7 2EP.
The term of the loan is 15 years, monthly repayments £1,645.
Interest will be variable, being calculated as the greater of the underlying Bank of England bas rate plus 3¥0,
or 60A.
14 Cr8ditors: amounts falllng due within one year
2023
2022
Notes
Bank loans and overdrafts
Other taxation and social security
Deferied capital grants
Other creditors
13
19,740
9,874
16,106
15.828
27,079
16,106
11,310
61,548
54,495
21

AN DROICHEAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1S Credltors: amounts falllng due after more than one year
2023
2022
Notes
Bank loans
Deferred capital grants
13
144.486
204,109
153,853
220,215
348,595
374,068
16 Retirement beneflt schemos
Deflned Gontrlbutlon Schemes
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from Ihose of th8 charity in an indgp8ndently administered fund.
The charge to profit or loss in respect of defined contribution schemes was £21,240 (2022 - £13,283>.
17 Unrestrlcted funds
The unrestrlcled funds of the charity comprise the unexpended balances of donations and grants whlch are
not subject lo specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by th8 trustees for specific purposes.
At 1 Aprll
2022
Incomlng
resources
Resources At 31 March
oxpended
2023
General funds
251,282
674,748
{626,382)
299,648
Prevlous year:
At 1 April
2021
Incomlng
resources
Resources At 31 March
expended
2022
General funds
229,819
547,383
(525,920)
251,282
18 Related party transactlons
There were no disclosable related party transactions during the year (2022 - none).
22-

AN DROICHEAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
19 Cash generated from operations
2023
2022
Surplus for the year
48,365
21,463
Adjustments for..
Depreciation and impairment of tangible fixed assets
28,708
29,692
Movements in working capital..
(Increase) in debtors
Increa5el(decrease) in creditors
(Decrease) in deferred income
<44,574)
14,390
(16,106)
{16,440)
(34,808)
(16,106)
Cash g8n8rat8d froml(absorbed by) operatlons
30,783
(16,199)
20 Analysls of changes In net Idebt}Ifunds
At 1 Aprll 2022
Cash flov+sAt 31 Mar¢h 2023
Cash al bank and in hand
Bank overdrafts
2,588
(7,339)
14.077
7,339
16,665
(4,751)
21,416
16,665
Loans falling due within one year
Loans falllng due after more than one year
(19,740)
(153.853)
119,740)
1144,486)
9,367
1178,3441
30,783
(147,561)
23-