Charity reglstration number XR21418
Company reglslration number N1033956 (Northern Irelandl
AN DROICHEAD LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

AN DROICHEAD LIMITED
LEGALAND ADMINISTRATIVE INFORMATION
Dlrectors
p O Duinnln
MBDuffy
M Canning
L Glenn
M Engman
K O'Dowd
(Appointed 25 May 2023)
(Appointed 4 April 2024)
Secretary
p O DuinnSn
Charily number
XR21418
Company number
N1033956
Prlnclpal addre88
Larionad An Droichid
20 Cooke Street
BELFAST
BT7 2EP
Registered office
Larionad An Droichid
20 Cooke Street
BELFAST
BT7 2EP
Audltor
Kearn8y & Co
2nd Floor
Donegall House
98-102 Donegall Street
Belfast
BT12W
Bankers
Bank Of Ireland
308-310 Ormeau Road
Belfast
BT7 2GE
Solicitor8
Hewitt Gilpin Solicitors
Thomas House
14-16 James Street South
Belfasl
BT2 7GA

AN DROICHEAD LIMITED
CONTENTS
Page
Trustees, report
Statement of Trustees, responsibilities
Independenl auditor's report
Stalernenl of financial activities
10
Balance sheet
11
Statement ofcash flows
12
Notes to the financial slalemenls
13-22

AN DROICHEAD LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The Directors present their annual report and financial slalements for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set oul in note 110 the
financial stalements and comply with Ihe charity's governing documénl, the Companies Act 2006 and
"Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing
their accounls in accordan￿ with the Financial Reporting Slandard applicable in Ihe UK and Republic of Ireland
{FRS 102)° (as amended for accounting periods commencing from 1 January 2016)
Reference and admlnlstrative details:
Directors
N Mcmaster (Resigned 4 April 2024)
C O, Connell (Resigned 16 May 2023)
p O Duinnln
MBDuffy
L Glenn
A Martin (Resigned 4 April 2024)
K O'Dowd (Appointed 4 April 2024)
l McGowan (Resigned 4 April 2024)
M Canning
M Engman (Appointed 25 May 2023)
Secretary
p O Duinnln
Charlty number
XR21418
Company number
N1033956
Prin¢lpal address
Larlonad An Droichld
20 Cooke Slreel
BELFAST
BT7 2EP
Registered office
Larionad An Droichid
20 Cooke Street
BELFAST
BT7 2EP
Audltor
Keamey & Co
Donegall House
2nd Floor
98-102 Donegall Slreel
Belfasl
BTI 2GW
Bankers
Bank Of Ireland
306-310 Ormeau Road
Belfasl
BT7 2GE
Solicitors
Hewill Gilpin Solicitors
Thomas House
14-16 James Street South
Belfasl
BT2 7GA

AN DROICHEAD LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Objectlves and activities
The company's objects are specifically restricled lo the promotion of the Irish language, arts and culture, the
promolion and advancement of education through the medium of Irish languag&, and the promotion of the benefil
of the inhabilants (herein8fter called "Ihe beneficiaries,) who arè residenl in the Soulh and East Belfast areas in
particular but not exclusively (hereinafter Called the "8re8 of b8nefit') without distinction of age. gender, disability,
sexual orientation. nationality, ethnic identity, political or religious opinion, by associating the slalulory authorities,
ommunily and voluntary organisations and the inhabitants in a common effort to advance education and the
promolion of Irish language and culture and ID provide facilities in the interests of social welfare for recreation or
olher leisure-time occupation, wilh the object of improving the conditions of life for the said beneficiaries and in
particular..
a. to prornole the benefit of the public and advan￿ education in all matters relating lo th8 Irish la nguage,
arts, music, crafts and Irish cullural herilag&',
b. to establish or secure or assist in the securing of the establishment of arts and cultural facililies and lo
maintain or manage or c¢>operate with any stalutory authorily in the maintenance and managomenl of
such facilities for activities promoted by the company in furtherance of the above objects.,
c. to maintaln, develop and manage or co-op8rat8 with any local education authority or statutory body in
the maintenance and managemenl of pre-school, primary school, afterschool and youth facilities
educational and recreational facilities through the medium of Irish in the inl8rests of social welfare for
children, young people and their paienls,.
d. to provlde and facilitate training for par8nts and carers of children in child development, parenting and
other appropriate subjects.,
e. to promote or as51sI in promoting capacity building programmes and projects for the benefit of Ihe
inhabilants 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 to increase the abilities, skills,
self-esleem and Self-confiden￿ of such communities in lh8 area of benefit so that their conditions of lif8
may be improved;
f. to advance any other exclusively ch8ritable purpose 8S tho directors, may from time to lime, decide in
accordance with the law of charily.

AN DROICHEAD LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
The policies adopted in furtherance of these objects are
1. Inform slalulory and voluntary agencies. government, the Irish speaking community, and the general
public locally, regionally nationally and internalionally and aci as a forum for the promotion of dis¢ussion
of research regarding all issues relevant lo the Irish language and to groups, projects and initiatives in
the area of benefit.
2. Provision of daycare, playgroup and afterschool facilitie5 onsite Ihrou9h the medium of the irish
languago.
3. Monitor and support the provision of educational research, facilities and practical assistance fof Irish
medium education, arts, communily work and training projects in the area of bènefit in the fltrrtheran￿ of
the objects.
4. Provide, maintain and equip or assSst In the provision, maintenance or equipment of facilities designed
to carry out the objects ofAn Droichead.
5. Promote and carry oul or assisl in promoting and carrying out research, surveys, investigations and
translations and publish th8 useful results thereof thè research, collate and disseminate informalion from
slalulory, private sector or other sources relevant to the Irish language organisalions and Ihe general
public, locally, regionally, nationally and internationally,
6. Organise or assist in organising meetings, lectures, classes, exhibitions, drama, talks, workshops, b¢xJk
launches, pamphlets. leallels or other documents or communications in furtheiance of objects.
7. Procure to be wrillen and prlnted, published, Issued, dlstribuled and circulated reports, periodicals,
books, pamphlets, leaflets or other documenls or communications in furtherance of objeds.
8. Obtain, colleGI and receive money by way of grants, donations, bequests, legacies or olher lawful
method, and make or disburse grants or loans for charitable purposes in furtherance of the above
objects provided that An Droichead shall not undertake any subslantial permanent trading activities.
9, Purchas8, lake 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 conslrucl, 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 lo any consents which may for Ihe lime being be required by law, sell, let, mortgage, disrx)se of
or turn lo account all or any of the property assets of An Droiohead with a view to the furtherance of ils
objects,
12. Subject to such consenls as may be required by law, receive money on deposit or loan, or borrow or
raise money in such a manner as An Droichead shall think fil lo change any part of the property of An
Oroichead with repaymenl of the money so borrowed.
13. Invest the moneys of An Droichead not immediately required for the furtherance of the objects in or upon
such investments, securities or property as may be thought fil, subject nevertheless lo such consents (if
any) as may for the time being be imposed or required by law.
14. ReGruit and train volunleers wilh Televant skills lo carry out the objects of An Droichead.
15. Employ and pay any person (not being a member of the management commiltee) to supervise,
organise and carry oul the work of An Droichead and make all reasonable and necessary provision for
the payment of remuneration lo employees.
16. Encourage and organise co-operation between An Droichead and government agencies, local
authorities, stalulory 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 2024
The Directors have paid due regard to guidance issued by the Charity Commission in deciding what activities the
charity should undertake.
Achievements and performance
Financial review
An Droichead'5 income from day care fees continues to improve.
An Droi¢head continues t¢ rely upon grants and day care fees to mainialn Ils operating costs.
The deficit for the year of £158,164 includes legal fees paid of £97,425 and 8 bad debt write off of £22,575
relating to monies owed from a third party.
Surplus in 2023.. £48,366
The directors plan a significant expansion of the day care provision through an extension of Ihe premises in the
next tWQ years.
The directors will continue with the provlslon of day Care, playgroup facllitSes at Its main site through the medium
of Ihe Irish language.
An Droichead has a risk management policy in place under which risks ar8 identified and r8viewed by
managemenl on a regular basis. Procedures are in place to manage Ihe risks.
11 is the policy of the charity thal unrestricted funds which have not been designated foi a specffic use should be
mainlained at a level equivalent lo between three 8nd six month's expenditure. The Directors consider that
reserves at this level will ensure that, in the event of a significant drop in fvnding, they will b8 able to continue th8
chaTily's current acllvilies while ¢¢nsideralion is given to ways in which additional funds may be raised. This level
of reserves has been mainlained Ihroughoul the year.
The Oirectors have assessed the major risks lo which the charity is exposed, and are satisfied that Systems are
in place to mitigate exposure lo the major risks.
Structure, governance and management
The tharily is a company limited by guarantee incorporated on 2nd April 1998 and re9islered as a charity with
The Charily Commission for Northern Ireland.
The company was established under a Memorandum ofAssoclalion and Is governed by itsArticles of
Association.
The Directors who served duling the year and up lo the dale of signature of the financial statements were-
N Mcmasler
(Resigned 4 April 20241
P O Duinnln
MBDuffy
C O'connell
M Canning
L Glenn
A Marlin
l McGowan
M Engman
K O'Dowd
(Resigned 16 May 2023)
(Resigned 4 April 20241
(Resigned 4 April 20241
(Appointed 25 May 2023)
(Appointed 4 April 2024)

AN DROICHEAD LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Recrultment and appolntment of management committee
The directors of the company are also charily Iruslees for the purposes of Charity Law. Under the requirements
of the Memorandum and Articles of Associalion directors are elected at an Annual General Meeting by the
members (in person, or through an aulhorised representative or by proxy).
A retiring director shall, be eligible for rfr nomination and election provided thal no director shall serve more
than four consecutive three year terms on the board. In the case of a retiring director who has served for a
tolal period of twelve consecutive years, helshe shall not be eligible for re-election to serve 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 receiv8 in-house induction and training appropriale lo their roles.
None of the Directors has any beneficlal Snleresl in the company. All of the Directors are members of Ihe
company and guarantee to contribule £1 in the event ofa winding up.
Organisational Structure
An Droichead ha5 a Managemenl Comrnillee, fflade up ofTrusle8s, Th8 Commillee mèets regularly and are
responsible for the strategic direclion and policy of the charity. The day to day responsibility for Ihe provision of
the services rests with the Chief Ixe¢ulive.
Key management personnel pay rates are agreed by the Trustees.
Audltor
The Board ofAn Droichead Limited approved re-appointment of Kearney & co as their auditor for the year.

AN DROICHEAD LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Disclosure of information to auditor
Each of the Directors has confirmed Ihat there is no information of which they are aware which is relevanl lo the
audit, but of which the auditor is unawaie. Th&y have further confirmed that Ihey have taken appropriate steps lo
identify such relevant information and lo establish that Ihe auditor is awarè of such information.
The Trustees, report was approved by the Board of Directors.
L Glenn
Truste8
Dated.. 30 April 2025

AN DROICHEAD LIMITED
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
The directors, who also act as trustees for the charitable activities of An Droichead Limited, are responsible for
preparing the Trustees, Report and the financial statements in accordance with applicable law and Uniled Kingdom
Accounting Standards (United Kingdom Generally AGGepted Accounting Practice).
Company Law requires the Directors to prepare financial statemènts for each financi81 year which give a true and
fair view of the stale of affairs of the charity and of the incoming resources and application of resources, including
the income and expenditure. of the charitable company for Ihat year.
In preparing these financial statements, the Directors are required lo..
select suitable accounting policies and then apply them consislenlly.,
observe the methods and principles in the Charities SORP;
make judgemenls and eslimales that are reasonable and prudent; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity
will continue in operation.
The Directors are responsible for keeping adequate accounling Tecords that disclose with reasonable accuracy al
any lime the financial position of the charity and enable them lo ensure that the financial slalemen Is comply with the
Companies Act 20(￿. They are also responsible for safeguarding the assels of the ch8rily and hence for taking
reasonable steps for the prevention and delection of fraud and other irr8gularilies.

AN DROICHEAD LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE DIRECTORS OF AM DROICHEAD LIMITED
Opinlon
We have audited the financial slatements of An Droichead Limited (Ihe 'charity'> for the year ended 31 March 2024
which comprise the slalement of financial activities. the balance she6t, the statement of cash flows and notes to Ihe
financial statemenls, 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 The Financial Reporting Sland8rd applicable in the UK and R&public of I￿land (United
Kingdom Generally Accepted Accounling Practice)
In our opinion, the financial stat8m8nts'.
glve a true and fair view of the stalo of the charitable company's affairs as at 31 March 2024 and of its
incoming resources and application of resources, includlng ils income and expenditure, for the year then
ended.,
have been properly prepared in accordan￿ with United Kingdom Generally Accepted Accounting Practi￿.
and
have been prepared in accordance with Ihe requirernents of lh8 Compani88 Act 2006.
Ba818 for oplnion
We conducted our audit in accordanc8 with International Standards on Auditing (UK) (ISAS (UKII and applicable
law. Our responsibilities under those standards are further described in the Audiloffs responsibilitics for tho audit ol
Ihe financial st81ements section of our report. We are independent of the charity in accordance wilh Ihe ethical
requirements that are relevant lo our audit of the financial statements in the UK, including the FRC'S Ethical
Slandard, and we have fulfilled our other olhical responsibililies in accordance with these requirements. We believe
that Ihe audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In audiling the financial statements, we have concluded that the Truslees, use of the golng concern basls of
accounling in the preparation of the financial slalemenls is appropriate.
Based on the work we have performed, we have not idenlifled any material uncertainlies relating to events or
condilions thal. individually or collectively, may cast significant doubt on the charity's ability lo conlinue a6 a going
concern for a period of at least twelve months from when the financial slalements are authorised for Issue.
Our responsibililies and the responsibilities of Ihe Directors with respect lo going concern are described in the
relevant sections of this report.
Other Information
The other informalion comprises the information included in the annual report other than the fina￿la1 slalemenls
and our auditor's report Ihereon, The DireclDrs are responsible for the other information contained wilhin the annual
reporl. Our opinion on the financial statements does not cover the other information and, except to the extent
othe￿iSe explicitly slated in our report, we do not express any form of assurance conclusion thereon. Our
responsibility is to read the other information and, in doing so, consider whether the other information is matèrially
Inconsislent wilh the financial statements or our knowledge oblained in the course of Ihe audit. or otherwise appears
to be materially misstated. If we idenlify such matcrial incon51slen¢ies or apparent material misslatements, we are
required to delermine whether this gives rise to a material misslalemenl in the financial slatements Ihemselves. If,
based on the work we have performed. we conclude Ihal there is a material misslatemenl of this other information,
we are required lo report that fact.
We have nothing to report in this regard.
Opinlons on other matters prescribed by the Companies Act 2006
Sn our opinion, based on the work underiaken in the course of our audit:
the information given in the Trustees, reporl for the financial year for which the financial statements are
prepared, which includes the directors, 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 wilh applicable legal
requirements.

AN DROICHEAD LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE DIRECTORS OF AN DROICHEAD LIMITED
Matters on whlch we are requlred to report by exception
In the lighl of Ihe knowledge and underslanding of the charity and ils environment obtained in the course of Ihe
audit. we have not id&ntified material misslalements in the directors, report included within the Trustees. report.
We have nothing lo report in respect of the following matters in relation lo which Ihe Companies Act 2006 requires
us lo report lo you if. in our opinion-.
adequate accounting records have nol been kept, or returns adequate for our audit have not been received
from branches not visited by us. or
the financial stalemenls are not in agreement with the accounling records and returns., or
cerlain disdosures of trustees, remuneration specified by law are not made. or
we have not reGeived all Ihe information and explanations we require for our audit., or
the Directors were not enlilled to prepare the financial statements in accordance with the small companies
regime and take advanlage of lh6 small companies, exemptions in preparing Ihe Trustees. report and from the
requirement to prepare a slralegic report.
Responsibilitle$ of Directors
As explained more fully in Ihe stalemenl of Trustees. responsibilities, the Directors are responsible for the
prepaialion of the financial slatomonls and for being satisfied that they give a true and fair view. 8nd for such
internal control as Ihe Directors determine is ne￿SSary to enable the proparalion of financial slalemenls thal are
free from rnaterial missl8lement, whether due to fraud or error. In preparing the financial slalemenls, the Directors
are responsible for assessing the charity's ability to conlinue as a going concern, disclosing, as applicable, matters
relaled lo going concern and using the going concern basis of accounting unless Ihe Directors ellher inlend lo
liquidate the charitable company or to cease operations, or have no realistic altefnalive bul to do so.
Audltor'8 re8ponslbllltles for the audlt of the flnanclal 8tatements
Our objectives are to oblain reasonable assurance about whelher the financial statements as a whole are free from
material misslalement, whether due lo fraud or error, Énd lo issue an auditor's report that includes our opinion.
Reasonable assuran￿ is a high level of assurance bul is not a guarantee that an audil conducted in accordance
wth ISAS (UK) will always detect a material misstatement when il exists. Misslatemenls can arise from fraud or
error and are considered malerial if, individually or in Ihe aggrogate, they could reasonably be expected to influenGe
the economic decisioiis of users taken on the basis of these financial statements.
The extent to which our procedures ar8 capable of d8tecling irregul8rilie8, induding fraud, is detailed below.
A further description of our responsibilities is available on the Flnancial ReportSng Councll's website al.. hllPS'.11
www.ffc.org.uklauditorsresponsibililies. This description forms part of our audito¢s report.
This report is made solely lo the company's mernbers, a5 a body, in accordance with chapter 3 of part 16 of the
Companies Act 2006 and regulations made under Ihat Act, Our audit work has been undertaken so Ihal we might
stale lo the company's members Ihose mallers we are required lo slate lo thom in an auditoi's report and for no
olher purpose. To the fullest exlenl permitted by law, we do not accept or assume responsibility lo anyone other
than the company and the company's member5 as a body, for our audit work, for Ihis report, or for the opinions we
have forrned.
May Gibbons (Senio
for and on behalf of
Statutory Auditor)
, earney & Co
30 April 2025
Chartered Accountants
Statutory Auditor
2nd Floor
Doneg811 House
98-102 Donegall Street
Belfasl
BT12W

AN DROICHEAD LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestrlctod Re8tri¢ted
funds
fLtnds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Notes
Income from:
Oonalions and legacie5
Charitable activities
Other trading activities
4,369
523,184
12,920
4,369
934,893
12,920
4,420
657,978
12,350
4.420
367,382 1,015,370
12.350
411,709
Total income
540,473
411,709
952,182
674,748
357,392 1,032,140
Expendlture on:
Charitable activities
698,637
411,709 1,110,346
626,382
357,392
983.774
Tolal expendlture
698,637
411,709 1,110,346
626,382
357,392
983,774
Net Incomellexpendlture) and
movement in fund8
{158,164}
(158.164)
48,366
48,386
Reconclliation of funds:
Fund balances 811 April 2023
299,648
299,648
251,282
251,282
Fund balances at 31 March
2024
141,484
141,484
299,648
299,648
The statement of financial activities includes all gains 8nd losses recognised in the year. All income and expenditure
derive from continuing activities.
10-

AN DROICHEAD LIMITED
BALANCE SHEET
ASAT31 MARCH 2024
2024
2023
Notes
Fixed assets
Tangible assets
12
488,766
509,739
Current assets
Debtors
Cash al bank and in hand
13
46.737
2,439
183,385
16,665
49,176
200,050
Creditors.. amounts falllng due withln
one year
15
(71,170)
161,5461
Net current Iliabilitlesllassets
{21,9941
138,504
Total assets less current Ilabllltles
466,772
648,243
Creditor8.' amounts falllng due after
moro than one year
18
1325,288)
(348,595)
Net assets excluding penslon Ilablllty
141,484
299,648
Net assets
141,484
299,648
The fund8 of the charity
Unreslricled funds
141,484
299,648
141,484
299.648
The finanGial statements were approved by the Directors on 30 April 2025
L Glenn
Trust90
Company registration number N1033956 (Northern Ireland)
11

AN DROICHEAD LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Cash flows from operatlng activities
Cash (absorbed by)Igenerated from
operalions
20
{14,949)
30,783
Net cash used In Investing activities
Flnanclng actlvltles
Repayment of bank loans
(7,201)
(9,367)
Nat cash used in flnanclng activities
{7,201)
(9,367)
Net Idecrea8e)Ilncrease In cash and cash
equSvalents
122,150)
21.416
Cash and cash equivalents at b8ginning of year
16,665
(4,751 >
Cash and ¢ash equivalents at end of year
(5,485)
16.665
Relating to:
Cash at bank and in hand
Bank overdrafts included in credllors payable
within one year
2,439
16,665
(7,9241
12

AN DROICHEAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
Charity information
An Droichead Limited is a private company limited by guarantee incorporated in Northern Ireland. The
registered office is Larionad An Droichid. 20 Cooke Streol, BELFAST, BT7 2EP.
1.1 Accountlng convention
The financial statements have been prepared in accordance with the charity's Igoverning documenll, the
Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of
Iieland ("FRS 102 ) and the Charilies SORP "Accounling and Reporting by Charities. Slalemenl ol
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Slandard applicable in the UK and Republic of Ireland (FRS 1021" (effective 1 January 2019). Th8
charity is a Public Benefit Enlily as defined by FRS 102.
The financial statements ar& prepared in sterling, which is the functional currency of the charity, Monetary
amounts in these financial statements are rounded to the nearest £.
The financial slatemenls have been prepared under the historical cost convention, Imodified lo Includ6 the
revaludlion of freehold properties and to include investment properties and certain financial instruments al f8ir
value]. The principal accounting policies adopted are sel out below.
1.2 Going concern
At the time of approving the financial stalemenls, Ihe Directors have a reasonable expectation that the charily
has adequate resour￿$ lo continue In operational existence for the foreseeable future. Thus th6 Directors
conlinue to adopl the going con￿rn basis of accounting in preparing the financial statements.
1.3 ChaTitablo funds
Unrestricted funds are available for use at the discretion of Ihe Directors in further8nce of their charitable
objeclives.
Roslricled funds are subject lo specific conditions by donors or gr8nlors 8$ to how they may be used, The
purposes and uses of the reslricted funds ale sel out in the notes lo the financial stalemenls.
Endowment funds are subjecl to specific conditions by donors that the capll81 musl be maintained by the
charity.
1.4 Income
Income is recognised when the charily is legally entitled lo it after any performance condllions have been met,
the amounts can be measured rellably, and il is probable thal income will be received
Cash donations are recognised on receipl. Other donations are recognised once the charity has been notified
of the donation, unless performance condilions require deferral of the amount. Income lax recoverable in
relation lo donalions received under Gift Aid or deeds of covenant is recognised al the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been nolified of an impending dislribulion,
the amount is known, and receipt is expected. If the amount is not known, the legacy is treated SS 8
conlingenl asset.
1.5 Expendituro
All expenditure is recognised on an accruals basis as a liability and is incurred and classified u nder headings
that 8ggregale all cost related to the category.
Expenditure on charitable aclivilies are costs incurred on the companies charitable operations including
support costs and costs relating lo Ihe govemance to the company apportioned to charitable aclivales.
13

AN DROICHEAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcies
(Continued)
1.6 Tangible fixed assets
Tangible fixed assets are slated at cost net of deprecialion and any impairment losses.
Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their
useful lives on the following bases..
Land & Buildings
Fixtures & Fillings
Computers
2Yo Straight line
250/0 Straight line
250/0 Reducing balance
The gain or loss arisin9 on the disposal of an asset is determined as the difference between the sale
proceeds and the carrying value of Ihe asset, and is recognised in the statement of financial aclivilies.
1.7 Impairment of flxed assets
Al each reporting end dale. Ihe charity reviews Ihe carrying amounts of ils langible and intangible assets lo
determine whether there 16 any indication that those assets have suffered an impairmont loss. If any suth
indicatio)n exisls, the recoverable amount of the asset is eslimaled in order lo determine the extent of the
impairment loss (if any).
1.8 Cash and cash equlvalonts
Cash and cash equivalents include cash in hand, deposlls held at call with banks, other shori-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilitl8S.
1.9 Financial instruments
The charity ha5 elected lo apply Ihe provisions of Section 11 'Basic Financial Instruments, and Secllon 12
'Other Financial Instruments Issues, of FRS 102 to all of ils financial inslrumenls.
Financial instruments are recognised in the charity's balance sheel when Ihe charity becomes party lo the
contraclual provisions of the instrument.
Financial assets and liabilities are offset, with the nel amounts presented in the financial slalements, when
there is a legally enforc£able right lo sel off the recogni5ed amounls and there is an intenlion to settle on a
net basis or to realise the assel and Settle the liability simultaneously.
Basic flnanclal assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including Iransaclion cosls and are subsequently carried at amortised cost using the
effective interest method unless the arrangernenl constitutes a financing transaction, where the transaclion is
measured al Ihe present value of Ihe future receipls discounled at a market rate of interest. Financial assets
dassified as receivable within one year are not 8mortised.
14

AN DROICHEAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
A¢counting polici08
(Continued)
Basic financial liabllltlas
Basic financial liabililies, including creditors and bank loans are inilially recognised at transaction price unless
the arrangement conslitules a financing transaction, where the debt inslfument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not 8mortised.
Debt instruments are subsequently carried 81 amortised cost, using th8 effective inlerest rale method.
Trade creditors are obligation5 to pay for goods or services that have been acquired in the ordinary coursa of
operalions from suppliers. Amounts payable are classified as current liabililies if payment is due within one
year or less. If not, they are presented as non-currenl liabilities, Trade creditors are recognised initially al
transaction price and subsequently measured at amortised cost using the effective interest melhod.
Derecognltlon of flnancl81 Ilabllltles
Financial liabilities are derecognised when the charily's contractual obligations expire or are discharged or
cancelled,
1.10 Employee benefits
The cost of any unused holiday entitlement Is recognised In the period In whl¢h the employee's seivices are
received,
Termination b8n8fils ar8 recogni58d immediately as an expense when the tharity is demonstrably committed
to terminate the employment of an employee or to provlde lermSnatlon benefits.
1.11 Retlrement benefitB
Payments to dèfined contribulion retirement benefit schemes are charged as an expense as they fall due.
Crltical accounting estlmates and judgaments
In the application of the charity's accounting policies, the Direclors are r8quir8d lo make judgements.
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other sources. The eslimales and assoGiated assumpiions are based on historical experience and olher
factors that are considered lo be relevant. Actual results may differ fiom these estimates.
The oslimales and underlying assumption5 are reviewed on an ongoing basis. Revisions to accounting
eslimales are recognised in the period in which the estimate is revised where the revision affeGts cffily thal
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Income from donations and legacies
Unrestricted
funds
2024
Unrestricted
funds
2023
Donations and gifts
Membership fees
1,000
3,420
4,369
4,369
4.420
15-

AN DROICHEAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Charitable aetivltles
Charltabl•
Incomo
Total
Total
2023
2024
2024
2024
Sale of goods
Day care fees
Grants
23,789
23,789
425,338
485,766
9,039
402,625
603,706
425.338
485,768
911,104
23,789
934,893 1,015,370
Analysis by fund
Unreslrlcted funds
Restricted funds
499,395
411,709
23,789
523,184
411,709
657,978
357,392
911,104
23,789
934,893 1.015,370
Income from other tradlng actlvltles
Unrestricted Unreslricied
funds
funds
2024
2023
Shop income
Sponsorships and s¢cial lolteries
5,206
7,714
6,290
6,060
Olher trading activities
12,920
12,350
16-

AN DROICHEAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Charitable activities expenditure
Charitable
Expenditure
2024
Charitablè
Expenditure
2023
Staff costs
Educational Res & Materials
Programme expenses
Minibus hire and travel expenses
Professional Fees
General expenses
Other charitable expenditure
654,503
10,993
39,091
15.857
97,905
644.435
14,085
53,110
17,230
158,144
1(E,096
977.455
834,956
Share of support costs (see note 71
Sharo of governance costs (see note 7)
126,891
6,000
142,818
6,000
1,110,346
983,774
Analysis by fund
Unreslricled funds
Restricted funds
698,637
411,709
626,382
357,392
1,110,346
983,774
17

AN DROICHEAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Support costs
Support Governancg
costs
costs
2024
Support Governance
costs
osts
2023
Staff costs
Depreciation
Training
Bank fees & charges
Loan interest
He81, Lighl & Water
Telephone
Poslage, stalionery and
advertising
Subscriplions
Insurance
Repairs and
maintenan
20,570
20,973
6,037
758
12,538
19,813
2,626
20,570
20.973
6,037
758
12,538
19.813
2,626
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
19,360
4,873
7,829
19,360
4,873
7,829
27,255
3,191
7,072
27,255
3,191
7,072
11,514
11,514
19,900
19,900
Accountancy fees
Audil fees
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
126,891
6,000
132.891
142,818
8,000
148,818
Analysed belween
Charitable actlvities
126,891
6,000
132,891
142,818
6,QOO
148,818
Governance costs includes paymenls to the auditors of £3,000 (2023- £3,000) for audit fees.
Net movement In funds
2024
2023
The net movement in funds is 518led after chargingl(creditingl'.
Oeprecialion of owned tangible fixed assets
20,973
28,708
Dlrectors
None of Ihe Direclors received any remuneration or benefits from the charity during the year.
10 Employee5
The average monthly number employees during the year wa5..
2024
Number
2023
Number
40
49
18

AN DROICHEAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
10 Employee8
Iconlinued)
Employment costs
2024
2023
Wages and salaries
Social s&curily costs
Other pension costs
546,581
102,742
25,75
541,334
108,191
21,240
675.073
670,765
There were no employees whose annual remuneration was moro Ihan £60,000.
11 Taxatlon
The charity is exempl from taxation on its activities because all ils income is applied for ch8ri18ble purposes.
12 Tanglble flxed a88et8
Land &
Bulldln98
Flxtur•¥ &
Fittings
Computer8
Total
Cost
At 1 April 2023
826,565
17,335
46,792
890.692
Al 31 March 2024
826,565
17,335
48,792
890,692
Depreciation and impalmignt
Al 1 April 2023
Depreciation charged in the year
335,136
19,980
19,296
{1,961)
28,521
2,954
380,953
20,973
Al 31 March 2024
355,116
17,335
29,475
401,926
Carrylng amount
At 31 March 2024
471,449
17,317
488,766
Al 31 March 2023
491,429
(1,9611
20,271
509,739
13 Debtors
2024
2023
Amount8 falling due within one year:
Other debtors
46,737
63,385
19

AN DROICHEAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
13 Debtors
{Continued)
2024
2023
Amounts falling due after more than one year:
Other debtors
120,000
Totsl debtors
46.737
183.385
14 Loans and overdrafts
2024
2023
Bank overdrafts
Bank loans
7.924
157,025
164,226
184,949
164,226
Payable within one year
Payable after one year
27,664
137,285
19,740
144,486
Amounts included above which fall due after five years:
Payable by instalm6nls
58,234
77,974
A debentur& over all company assets supported by a Fixed Charge over each Folio held including the An
Droichead ChildrAre facility al 20 Cooke Street, Belfast, B T7 2EP.
The term of the loan is 15 years, monthly repayments £1,645.
Interest will be variable, being calculated as the greater cf the underlylng Bank of England bas rate plus 30/v,
15 Creditors: amounts falling due wSthin one year
2024
2023
Notes
Bank loans and overdrafts
Other t8x81ion and social securily
Deferred capital grants
Other creditors
14
27.664
6,638
16,106
20,762
19,740
9,874
16,106
15,826
71,170
61.546
20-

AN DROICHEAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
16 Creditors.. amounts lalling due after more than one year
2024
2023
Notes
Bank loans
Deferred capital grants
14
137.285
188,003
144.486
204,109
325,288
348,595
17 Retirement benofit schemes
2024
2023
Dofingd contribution schemes
Charge to profit or loss in respect of defined contribution sch6mes
25,750
21,240
The charity operates a defined conliibution pension scheme for all qualifying employees, The assels of the
scheme are held separately from those of Ihe charity in an independenlly adniinislered fund,
18 Unrestrl¢ted lund8
The unrestricted funds of the charity comprise Ihe unexpended balances of donations and grants which are
not subjed to specific conditions by donors and grantors as lo how they may be used. These include
designaled funds which have b&en set aside out of unreslricled funds by the Iruslees for specific purposes.
At 1 April
2023
Incoming Resources At 31 March
resources
expended
2024
General funds
299,648
540,473
{698,6371
141.484
Previous year..
At l April
2022
Incoming
resources
Resources At 31 March
expended
2023
General funds
251,282
674,748
<826,3821
299,648
19 Related party transactions
There were no disclosable related party Iransaclions during the year (2023 - none).
21

AN DROICHEAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
20 Cash generated from oporations
2024
2023
(Delicit}Isurpus for the year
(158,164)
48,365
Adjustments for..
Deprecialion and impairment of tangible fixed assels
20,g73
28,708
Movements in working capital:
Decreasel(increase) in deblors
Increase in creditors
(Decrease) in deferred income
136,648
1,700
116,106)
(44,574)
14,390
{16.106)
Cash (absorbed by)Igenerated from operatlons
114,949)
30,783
21 Analysls of change8 In net {debt)Ifund6
At1 Aprll 2023
¢a8h flowsAt 31 March 2024
Cash at bank and in hand
Bank overdrafts
18,665
114,228)
(7,924)
2,439
{7,924)
16,665
122,150)
{5,485)
Loans falling due wilhin one year
Loans falling due after more than one year
(19,7401
{144,4861
119,740)
{137,285)
7,201
1147,5611
114,9491
(162,510)
22-