Raidio Failte Teo IA ¢ompany limited by guarnnt¢•, not havlng a share capltal) Annual Report and Unaudited Financial Statements for the financial year ended 31 December 2023 ADB6DZQR 0710912024 COMPANIES HOUSE Quarter Chartered A¢¢ountants St Anne's House 15 Church Street Cathedral Quarter Belfast 8T11PG A18 Company Number: N1057683 Charlty Number: 101643
Raidio Failte Teo IA company 1Smited by guarantee. nol havlng a shar• capltal) CONTENTS Page Trustees, and Other Information Trustees. Annual Report Statement of Trustees, Responsibilities Independent Examinels Report Statement of Financial Activrties 10 Summary Income and Expenditure Account 11 Balance Sheet 12 Notes to the Financial Statements 13-18
Raidio Failte Teo IA company Ilmlted by guarantse. not havlng a sharo ¢apltall TRUSTEES, AND OTHER INFORMATION Trustees Gearoid O Caireaiiain Dr POI Mac Cana Aine Nic Gèarailt Ciaran O Pronnlaigh Fergus O'Hare Caoimhe Nl Chalhail {Appoinled 12 September 2023) Gearoid O Muilleoir {Appointed 12 September 2023) Company S•cr•tary Dr POI Mac Cana Charity Number in Northern Ireland 101643 Company Regi8tratlon Numb•r N1057883 R•gl8t•r•d Offlc• 30 Srasd Dhubhaise Béal Feir5te BT12 4AL Prlnclpal Addre9• 30 Sraid Dhubhaise 8éal Feirste BT12 4AL Indepèndènt Ex*mln•r Quarter Chartered Accountants St Anne's House 15 Church Slffjet Cathedral Quarter Bélfast 8T1 1PG Prlnelpal Bankèrs Ulster Bank Unil G Westsvood Centre 8elfa$l 8T1198Q
Raidio Failte Teo {A ¢ompany Ilmltod by guarnnteo. not havSng a share cpltll TRUSTEES, ANNUAL REPORT for the financial year ended 31 December 2023 The trustees presenl Iheir Tiustees. Annual Report, combining the Directors, Report and Trustees, Report, and the unaudited financial statements for the financial year ended 31 De*mber 2023. The financial statements are prepared in accordance with the Companies Act 2006. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statement of Recommended Practice 8pplicable lo charities preparing Ihelr financial statements in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021. The Trustees, Report contains the infomiation requiréd to bè provided In the Trustees, Annual Report under the Statement of Recornmended Practs'ce ISORPI guidelines. The truslees of the company are also charity trusteès for the purp05e of charity law and under the company's constrlI0n are known as membets of the board of tiustees. In this report thé Ifusteès of Raidio Failte Teo present a summary of its purpose, govemance, adivitiès. achievem8nts and finances for the financial financial year 31 December 2023. The company is a registered charity and h8nc8 the report and results are presented in a form which complies with the reqU1MentS of the Companies Act 2006 and. although not obliged lo comply with the Statement of Recommended Practice (Charities SORP effective January 2015), the organisalion has implemented ils recommendations where relevant In these financial slalements. M188ion, ObJectlve8 and Stratsgy M188lon Slaternent Our mission is lo promote the Irish language by providing comprehensive, inclusive community radio and media services through the medium of Irish. Charitable objectives and Ol¢om Key ¢ommitments Raidio Failte Teo is registéréd as a charity by the Charity Commlsslon for Northern Ireland (effective from 1610212015), The company continues to meet land exrAedl it's charitable objectiv85 in relation lo the advancement of arts, culture, herila9e. education etc. In addition, the organisation meéts thé obiectivas and largels sel out In the Ofcom Key Commitments agreement including objectives in relats'on to broadcasting, community training in radio skills and the provision of Community a¢$9 to the media. Raidio Failte proactively engages in outreach activibes Ihereby increasing the overall capacity of the slalion and increasing its aCSSibilty to a wide range of community Stakeholders. As part of our commitinent lo provide an attractive and welcoming spaca for staff. volunteer broadcasters and visito alike and lo contribute lo community regeneration in an area of high levels ol deprivalion, a coffee shop 'An Lon Dubh. Was opened in the building (April 2019}. An Lon Dubh café was establishèd as a social enl8rprise initiative, offering quality coffeellea and light. healthy food choices. provIng a pleasant space for Irish sp8akers, learners of the language. the local community and others to meel, fvrther increasing accessibility to the wide range of community facilities and services offered by Raidio Failte, in furtheran of our charitable obj8Ctives. Raidio Faille continued to operate An Lon Dubh wmmunity calé throughout the period January lo Derxmber 2023. The Directors & Management wish lo thank the staff Ipasl and presentl of An Lon Oubh café for their hard work and commilrnent to providing a welcoming seNice. The existing model for the operation of An Lon Dubh café will be subject lo review in the new financial year. Stiuideo Feirsle, a community-based recording studio, was officially launched in December 2022 and continues to provide servi$ lo local musicians, other media organisalions, school and community groups and others who can avail of sound-recording services al affordable rates, with input from accomplished, professionally trained sound engineers. For example, in this period, members of the Chinese community were invited to the slalion lo participate in $ound-récording and languagè-18aming projèct$. The Directors of Rapjio Failte T80 can report also that the station continuès its involvement in a rangè of cross-communityloutreach inth'ats'ves, encouraging the participation of members of th8 wider community in the work of Raidio Failte as broadrAsters, listeners and as visitors to the station. For example, a very SucssfUl cross-community project (An Gortl based on the local history of the Divislshankill area was held. Raidio Failte continues to collaborate with Raidi6 na Life {the only other linsed community radio station on the island of Ireland Ihat broadcasts on the airwaves through Ihe medium of Irish) and we support a number of organisabons throughout Ihe north of Ireland to produce radio content15ubject to availability of resources). We are pleased also to report on-going collaboration wrth Raidié na Gaeltachts who now use Raidio Failte broadcasting
Raidio Failte Teo (A cornpany lirnited by guaranteg, not havlng a share capltall TRUSTEES. ANNUAL REPORT for the ffinancial year ended 31 December 2023 facilities on a regular basis. Raidio Failte continues to explore new methods of engaging wlth our volunteer broadcasters and other stakeholders - including by hosting small community events al the slalion, the provision of station-basèd and online training in community radio broadcasting skills and by means of on-going initiatives for engaging with the community. such as the radio series Gulh an Phobail (Voice of the Community). Raidio Failte is committed lo strengthéning community engagement on an Onoing basis, with online and off-site training programmes dovetailing with increasing levels of studioaSed radio production and face-to-fa community engagement projects. Management and staff of Ihe station continuously seek new opportunities to engage and collaborate with the Irish language community of speakers and learners of the language, both locally and wider afield and with the local community. including on a cross-community basis, in pursuance of the overall charitable objectives ol the organisalion. As part of its remil as a community radio slalion to support other community and language organisations, staff and volunteers from the slalion attend events and conduct interviews with representative5 of numerous organisabons on an on-going basis throughout the year. The enhanced broadcastinglrecording facilities at the station enables live broadcasts from mOte locations as well as recordings of interviews. talks. book launches elc for broadcast on Raidio Failte, further increasing access to a wide range of broadcasts in the Irish language. The Direclors & Menagemenl would like lo commend Raidio Failte slaff who have worked tirelèssly throughout 2023. towards providing a high-quality Irish language community radio Service to the Irish lan9ua9e and the locallwider community lin¢luding those Staff members Involved in financial administration. training, building management, technical. community outreach, business development. community cafè and sound recording roles). Flnanclal Revlow The Directors of Raidio Failt& Teo gratefully acknowledge all monetary support received sincA8 the inceplion of the community radio servi, Iowards the furtherance of OUT charitable objectives and lo creating community benefit notably thè on-going support of Foras na Gaeilge (since 2008) and of Northem lffjland Screen-An Ciste Craoltoireachla Gaeilge IILBF) {sinc£ 2011). The Directors can report that the objectives and targets agreed with Foras na Gaeilge in relation lo the promotion and usage of the Irish language through the medium of community radio havé been met and exceeded, with the input and Cowoperats'on of a wide range of Irish languagè organisalions and individual speakers 8nd learners of the languag8. During this period, Raidio Failte gratefully acknowledges continuation funding received from Foras na Gaeilge-SrAim Raidio Pobail 2022-2024 (Community Radio Scheme). supporting 4 posts and ongoing broadcasting, training, volunteering. community outreach. awareness raising (in relation to the Irish language and lo the station ilselfj, archiving and the ongoin9 development and maintenance of the community building. Raidio Faille was successful in attracting fvnding of £243,600 annually for tha period 2022-202412019.2021 £216,000) The Directors wish also to gratefvlly acknowledge the support of Colmcille-a funding InlllalSve administered by Foras na Gaeilge. for a project carried out in 2023. {Colmolle is a partnership programme bete8n Foras na Gaeilge and Bèrd na Gaidhlig. promoting the use of Irish Gaelic and Scottish Gaelic in Ireland and Scotland and beeen the hvo countries). Funding of £8,665.43 was granted by Colmalle in this period, with a further £1.924.60 gratefully received from Manx Heritage Foundalion-CUUre Vannin towards the Manx language elernenl of the project. Furthennore, the Directors gratefully acknowledge Foras na Gaeilge supwt in the ft)rm of Scéim Tacalochla Fuinnimh, towards escalating energy cosls1£7,668 65 received 2410412023) The Directors are pleased also lo report the continuation of funding from Northern Iréland Scr88n Iflsh Language Broadcast Fund lor a lurther year {Apnl 2023 - March 2024.. £85,000). Thè ongoing support of Northern Ireland Screen-lrish Language Broadcast Fund for the Raidi6 Failte Broadcast Training Scheme is a highly valued and critical element in the succéss of Raidio Failt8. SUPPOrting employment and Contributing to 5ki115-building within the Irish speaking community and to thè growth and development of the overall Irish language media infrastructure. Awarded on a contract basis, for the development of the training, radio production and archiving capacty of the station, it is a very valuable support package for the provision of community radio seiS by Raidio Failte. Regular workshops. group and one-lo-one training sessions in sound CordIng, broadcasting, sound edib'ng and mixing and podcasting are held on a regular basis throughout the year. A popular. always over-subscfibed radio broadcast training Urse for female participants was held for a third year in $uccession dunng Februarylmarch 2023, with very posits.ve outcomes and feedbac*. Raidio Failte training Courses impart valuable, translerable skills. nurturing new talent and produce h(qh quality nient for broadcast, thebY InCa$1ng audien reach. The Directors can report a150 that the Nl Screen-ILBF Scéim na Léirilheoiri Raidio Faoi Oiliuint (Trainee Radio Producers Scheme) has been re-iftslated, with one trainee to be placed with BBC & Raidio Failte over th8 pèriod September 202>August 2024 (following successful engagement between Raidio Failte management and Nl
Raidio Failte Teo IA Company Ilmtted by guarnntee. not having a $haf¢ capitall TRUSTEES. ANNUAL REPORT for the financial year ended 31 December 2023 Screen-ILBF}. This Iraining schemé. initiated in 2021-2022. whereby 2 trainee radio prtsJuc8rs were placéd with Raidio Failte for a period of 12 months, was proven to be a great success by Raidio Failte. contributing to skill-building in radio broadcasting through the medium of the Irish language and to the growing success of Raidio Failte. further slrengthening its appeal lo existing and new listeners. The Directors of Raidio Failte very much welcomes the re-instatemenl of Scéim na Léiritheoirl Raidio Faoi Oiliuint and are hopefvl that Ihls training opportunity in radio production skills will become a constant, on-going element of Nl Screen-IL8F support going foThvard. In this period. Raidio Failte continues to benefit from funds secured for a Business Oevelopmenl Offir {June 2022 - March 20241 and for a Social Ent8rprise Development Officer-café An Lon Dubh {August 2022 July 202S). The Board is very grateful to Départment for Communities and to the administrators of these funds An Cisle Inffteistlochta Gaeilg8 and The Rank Foundation {SpeCtive1Y) lor this very valuable support. The Directors are esperjally pleased to report that during this period Raldio Failte was successful in attracting (for the first timel much-needed additional revenue fiJnding Irom Belfast City Council towards the increasing running costs associated with the operation of the community buildin9 (amounting to £20.0()J approx, awarded on an annual basis for the penod April 2023- March 20261. Furthermore. the Directors are delighted to report that funding of £100,000 over a 3-ye8r period has b88n secured from Domiant Accounts Fund Nl (delivered by The National Lottery Communty Fund) towards sucrAssion planning for the organisalion. The funding has been awarded primarily lo support mentoring of new 8mploy88s lo be appointed in key financeladministration and broadcasting roles wilhin the organisation-wilh additional budgets for financeladministrabon. staff, building management, digital infraslruclure and social enterprise development support, conlribuling lo the overall strengthening and sustainability of the organisalion into the future. The Oireclors 8fg extremely gralèfvl also lo GaelchiirsallO8partmenl for Communities for employment support over month period (October 2023-June 20241 under the OBAIRlJob Start scheme, supporting a young Irlsh speaker to pursue furthér traininglemploymenl opportunities. In addition, the Directors gralefvlly acknowledge receipl of funding in this period for a number of small prciects, including.. 8ella5t City Council Good Relations funding lor a cross-community, local hislory (Divlslshankill) project (An Gort.. £3,310) An Cisté Infheisllochta Gaeilge (Towards Sliuideo Feirste.. £4.5001 Conradh na Gaeilge {An Ciste Spreaglha.. É1,000} Glor na nGa81 (Biathu.. é1,0001 The Board of Directors wish to keep on record our gratitude to the wrde range ol community and statutory stakeholders who supported th8 capital build project at 30 Sraid Dhubhais8 {complel8d October 2018) - in particular Belfast Clly Council. Departmenl for Communits'es, An Ciste Infheisllochla Gaeilge, the Alpha Programme, Nl Housing Executive, Department of Infrastructure, Foras na Gaeilge, Nl Screen-ILBF. Raidio Faille staff and volunteers and the many communty Stakeholders, both individuals and organisalions who supported us. The Directors especially value the 'in-kind' support of the many Irish speakers and learners who have donated thelr time, talents and energy to the stats'on as broadcasters and in other supporting roles. The Directors estimate (using Ofcom approved rates) that th8 monetary valu8 of the work and serylces provKléd by volunteers and others dunng the year was £49,238 {2022-£39,8331. Flnanelal Results At the end of the financial year the company has assets of £221.989 12022 - £241,998) and liabilities of £14,376 {2022- £14,237). The net 8s8ets of the company have decreased by £(20,1481. Reserves Posltlon and Pollcy Reseryes are needed to bndge the gap b8tsveen spending and receiving of income, lo cover unplanned emergency repairs, other unforeseen expenditure andl or loss of funding. The truslees consider the ideal level of resew as at 31st December 2023 to be £118,493. which is equivalent of 3 months running costs. The unrestricted reserves of Raidio Faiiie Teo as at 31st December 2023 is £116,208. Of this balance £28,743 can be realiséd by th8 disposal of tangible fixed assèts. The charity has restricted reser¥es totalling £91,405 at 31st Dewiber 2023. Of this balance. £27,156 is in lation to a grant provided by ILBF of £85.000. which is lo be utilised during the period 1st April 2023- 31st March 2024. Prlnclpal Risks and Uncertainli08 In common with Ofrom-lirknsed community radio slalions èlsewhere. Raidi6 Failte has operated its FM service with a S-kilometre broadcast restriction since 2006. with broadcast coverage limited lo the Belfast area. In 2018 Raidio Failte submitted an applicats'on to Ofcom in a bid to gain an extension to existing coverage for the community radio servic?.
Raidlo Faiita Teo IA coinpany Ihllgd by guarantsè. not ha¥lng o shar• capltaD TRUSTEES, ANNUAL REPORT for tha fm8ndal year ended 3100¢omb•r2023 In thglr d8c161on18gplembor 2019) Oteom 9fdnted an oxt8nslon of the communlty 8ce. approval lor pw kncrn888. Raldlo Faiits wlll conHnuo lo lobby for fvther exlenslon8 ta lh9 covorage area, In Ilne wAlh demand from ¢))mmunldèè outsfrje thè cUrnt tJroadGaet grea. In addrtlon, slatlon management conllnuo to mnltor d6velopmonts and 0W¢X8 opporbjnlllas (subied lo furxllng) Irj ralallon ts 8m813¢018 DAB. R&ld16 Fallle Is fundad prlmarlly by F¢x88 n• Goallge-tM Raidlo Poball and Nl Scre8n4rfsh Languag6 Broadc451 Fund. We are hopofiJl that PundirKJ Irom th080 bodlos VAI contlnue, and wo ar8 alway9 awar• ¢f Ihè n8ce8slty to S88k othor addlllonal 8ourc4s of fvndlng. As FI)rIed abovo, Raldlo Faiiia wag su(898ful In attsHctJng &ygar ikndlng from B¢llast CNY nCll and Irom Tha Nattonal Lottery Community Fund-Domwnl Accounts Nl in thi6 perlod. Further . opportunlls to strwlhen ts eommunlty radlo brOLsUng (an oryJanlsaUono1 prforfty) ntInue to be goughl Futurn D•valopments From Its base at 30 Sraid DINh81$9. Béal Felrntè, 8T12 4AL, th8 fyn¢tors and manao•mont of Ritdlo Fail18 Teo str0 to maxhlg8 1th8 benellts of locauon In a purpo8&bbJlll ¢entr8 for Irlth language rodio broad¢a$tiw, trJlnlng, 8ound edliiTrJ 4nd aound arohlvlng loperatlanal 8ln( 0(aer 2018). The Raldkl Faltlo c•ntro Is loca1 In sn area ot multlple dc4thallon, provkllrva BeN[s and fadllll85 that conlrlbute to tre alIeallon ol and 80¢1al exdu810n. Furlhgmwre, ty vlrtug of Its locauon al the edge ol dty c6ntro. Rakllo Fdllte wovklo$ In thdwfve, o¢cas$lbt• Gommunty rodlo ¥JNIco ond 068odAlod athlle8 that as8Esl In provldtr¥J furthor Impetus to overall Gaeltacht Quart8r oGonomlG r8generaUon Prt8, benèfittlng Ihe dty a¥ a whole. The centr6 8kn8 to oxpand Irtsh language medla and Gommunlty Inlmlru¢iw• to supprt wthere pos8lbl•, other Gommunllh¥ who wlsh to Incfft080 thelrcapadty Sn the lrfsh1gngu8g8. Tho comlNJ perfod wlll lee th• r011h•llon ¢16ueuMlon plan8. parttcularfy the r•crullm•nl of 2 now ••nlor m•mb•r• of 6taff On fin8nc8dmlnl8tratlon arhy brt>adcAsng rt48s) and the rolllng out of a o)mwehen8fv8 mentorf Pfogrammg b 6n8uro Ihal Uie new stsff m8mbefS 8Tr ¢qulpped lo cawy Ihe organlsqllM foThYArd In thèlr (egpecU¥e roles. In •ddllion, s•curlTrJ conllnuatlon fundlng fvom Fms na GeolfrStxllm Raldio Poball (Cixnmunlty RY Soh•m•l 2tr254Q27 %¥lD be a prlodty In the fiow IlninclAI year, Tru$tOfr1 Th8 current truotsea am a8 out on page 3 Gear¢)kl O C8lrnallaln Dr POI Moc Cana Atne M¢ G8aralll Clatan O PThntatgh Fau9 Owa ca01m Nl Ch8lhgI (Appolntwj 12 Soptgmber 2023) G&arOtyJ O Mviifeolr (Appolnted 12 Septsmber 20231 In •¢¢ordanc0 1h th• Arfl¢l•$ ol Aofjoclailon, Ihe dkofknr4 retlt• INrd Annual Gorwal Meeong and, bel ellllblg, can offer Ihemg•lw far rn4l•clloA. Th8 $mtary wtho $etVod durlng fv Ilnanclal yegrwa Dr POI Mac Cana Compllaftc• wllh Sgctor*lldo L•ul$lallon and 8tsndard8 The company engages pro4ctlvely wlth legwallon, 8tandard8 and &3de8 whlch are developed for Ihe lector. Ral Fallte Teo £ubscrfb88 to and Is cLJXPllanl wElh the lolkmlng.. The Compan108 AGt 2LIO The Chadues SORP {FRS 12) Apprvvgd by the aoanl of TnMtse9 on 3 Sgptembgr 2024 And slgned on Its bghalf by: Dr P61 M&c Cana Dlrector Ine Nlc Ooar Dlrb¢tor
Raldlo Faiite Teo (A company Ilmltod by guar4ntse, not hovlng a Sharo ¢apltal} STATEMENT OF TRUSTEES. RESPONSIBILITIES lor the thandal year erJed 31 Drnber 2tr23 Tho tnmtees. ¥•0 èrn afoo dlrootorn ol Raldio FaHte Teo lor th• purpos•$ ol company law. arn re8pon6foio weparlng the flnandal 518tement5 fn accordan¢g 1h apICable10W and Rgulautsns. Company rnqUI lh8 tnthea 08 tho drgct¢r6 to Prepa finer1 8tstsmont8 for eath fln8nclo1 year. Und•r that law tho Iw$tee5 hav8 eteded to prepare the flnandal stslemenb In accordonc• wlth Unlted Kngdcm Gorofal A¢cepW A¢tr)untlng Practlcè Iunlted Klngdom Aeo)unlng Stsnd8rds and appllc•ble law) Inclu1 FRS 102 The Flnfyndal fien9 StsIard 8ppIIG8bkn In th8 UK and Repuljlc ol Ir818nd' S8oUon 1A (Smo11 EnlMeJ). Under company law the tnj91 mu9t not epprove the financlal 818teftnls unle8$ they are sallsfled thal thay 9 a ft8 and lllr Wew of the 6lal8 oFalTralrs olthe company 8nd ol •uWu$ ordefldt oltha company for th4t peTlod. In prepothg Ih6se flnan¢t81 ststernerts, the Inmtses rwulred to: $8lecleuItob aGcounUng polkl8s and eFply Ihom con$lBteftlly, rnakeludqaments 8nd ¢8llmate$ that &M r8a80nabie and piudenl., stole wh8lhgr the finandal staterngnts been prepared In ac¢ordanc th• Mlwani llnandal repdng fram¢Xk, Id8niity gtondanls, aftd not8 th• effecl th• roan3 for •ny mat•rfal dopartur8 from t80
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prepare. the linandal .8tonI8_ w .Vw.golr& concern_bails unlw It 1$ Ingpwylate to presumé that rMpar VAII contlnua In operatkm. IrLtstse¥ lflm1 Ilmt they ttav• cnplIed wllh th4 •bove requlrements In prgparfng Nn4nèW 8lalemwi& Tho trustee8 aro fg8pon8llJlo knr kgeplng adequatg acuntIng rn&Jfd6 tho1 Of• sumdfjrt to SI and frxplaln the rxAnp•ny's transacUon9 ¢Jlsdose vAth reasmable 8¢rura¢y at Bny the finandal p031tlon of the wmpgny and anablo Ihgm to ensur¢ thal tho flnanclal alatMent6 (yjm wlth. They gré 8180 rospon81bl8 for 6afeguardlnq thè
S8018 of thg o)mpany and h•nG¢ IDI lakts¥ f0Awn0b sl•p• for lh• pr•venll)n *KI d•la¢tlon d fraud aftd atr
Irregularilb& Approved by the 8oaid ¢f Trugteos •n 3 8optsmber 2024 qnd Jlgnod on l¢• bghall by: Dr POI M8cCana Dlr•ctor In• Ni¢ Ggalallt Dlreetor
Raldlo Faiits Teo IA ¢ompgry Ilmftod by ouaAnloffj not hwlng a ¢upltal) INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF RAIDIO FAILTE TEO We have oxarnlned the fland81 8tatemgnts ot trg cornpany lor lh• fln•n¢lo1 year ortdod 31 D•c•mbgr 2023. whlch eJomprf88 Ihe Ststoml of Flnanc181 Altle8, the Summary Inexsma 8nd Expgndtturn Accoun( th8 BalorKeJ Sheot qnd th? noles. Thk rnport Is madg saloty lo th& companys mambèrs, es a toty. In rdon¢8 wlth Chapter 3 of Part 18 of Ihe Componl88 A¢t 2QQe. Our work hay béen undertaken so that we mlght tnmple the financlal stgthgnl$ that we hgve bogh enggged to cDmpllg. rfjport to Ihe Boarnl of Tru$teg6 that we lov8 done 60, gnd Blatè thosé matter3 that we hava agreed to ¥tsle to them In thlg ieport lor no olhor purp096. To ts fv118818Xt8nt pennltted by law. we do not a¢eept or a$$um0 responslNllly lo anyono ether Ihfjn the company and tho o)mpanV$ membern. aj a body, lor our worff. Or1 tNs RoBpoCtIv• 10spon$lblllU¢8 ot Iiu810•9 and oxamln•r The company8 Iru8t888 {who érè a180 the dtrector8 oftha eompany lor thè puwo80¥ ol company law) responBlbl• for Itts prep8ratlon ol Ihe Iln8ndal 8tatements In accofdaneè wlth tha requlrnmènt8 of th• Cornpbnhs Act 2006. Th• c¥mpanY$ trustees conslder Ihal en awjlt Is not requlrgd lor th15 flnanc141 y•4r under Gh4ptor 3 ol Pfjrt 18 01 th• Compan1 A¢i 20[ and Ihfjtofi Independent exBmln8tkJn Is requlred. It Is our r88pcfftdblllty ts: oxomlne thg flnal1 stalemenl8 und&rse¢tlon 66 of the Ch1t8 Act follow th& tseedur8 lald dthvn by general Dlrecuons gfv•n by the Charfty ConThls8lon for Nortlwn Ifolond undgr09 on 8619llb) ofth? Chartla8 Art And •tato whother partlcular mgttèrg hav• wna tt) our attantbn. Ba•lo ol Ind•p•nd•nl •x•mln•r'• r•port Wa hov8 examlned yJJr compAny Iln8ndBI 51atements 4s requlml under eecllon 65 of Ihg Chafill8# Ad and our ex8mln•lJDn wa8 c8ffl8d out In acrdanc vlth thè y6ra1 Dlmctlons gl¥en by thè Charfty Commlsslon for Northem Ireland under $ecUon 65(9}Ib) of the Charfues ACL An examlngtl¢n Indud6s a ro•W ol tha 4LrtyJnln9 record8 ko0 by the cmipary and a comp8rl8on of Ihe financlal statsmonts prn8ent8d wlth th080 f8C¢fts. It also IncIe8 Lxnslderauon of any unusual Items or dbdosur8s In th8 flnond81 st•tam¢nts and 8o¥klng olanatIOnS fr tli6 trustsés conernlng ary luch ffiatt The procedure8 Lmdertaken do not provlda all the eVIden that would b¢ requirod In en audit ond consequgntsy no Onlon 18 glven as to vth•thar the a¢¢oun18 PrenI 8 Irue and fall vlaw Ind th• rnport li Ilmitsd ta Iho8• matter8 stt out In the Btalement b&low. In wnngcllon our •x4mknqUon. no mAtt•r hA8 com• to our attenuon whlch olve$ u8 ¢Auao to b•lkv• Ihat In, any matort•l iè$p a¢¢ounllno rocord8wor• not kopl kn 4¢ccId¢9 Wtlh 88cUon 388 01 Compante5 Act 201 the nnandal s14ternanis 40 not qcooAlw#h those accounllng records the fflnandal 8tatornonts have boen prwred Fn accordano vAlh the aco)unUng rnqulr8ments ol sa¢iton 01 the Companlos Act 2006 and wlth Ihe m8lhc<ls and prfndples of the Statement of R8comm9nded Pfactl( applicable to chariU8s preparlng Ihglr gwounts In accordanca ¥Ath thg Flnonolal RgportlrwJ Slandard appIlbI9 In UK ONI RopubTrc of Ire1&r (FRS1(r21 L* futhr Infom1l¢Jn need fora prq)er underst8ndlrvJ ofth8 aecounts to b8 Mache Indepdent examlAee6 8t•tement We have no fxttAm$ and have come auoss no 0th8f mottern In ¢onn•Jlon wlth Iha oxamlnall)n to whl¢h att•nll¢n 6hould bg n In tN8 report In order to •nab a proper undor81andlng olthe Ilnondal 6tatsmw)ts to bè r8&ched. LAqL4eL . QUA Charterad AeA)unlants Sl Annè'& Hous0 15 Church StJe6t Calhedral Quarter Balfa81 BTI 1PG Dat•: 3 8•ptsmr 2024
Raidio Failte Teo (A company Ilmltod by gu•rante•, not havlng • ¥h•r• capltal) STATEMENT OF FINANCIAL ACTIVITIES for the financial year ended 31 OecA8mb8r 2023 Unrestricted Restricted Funds Funds 2023 2023 Totsl Unrestricted Restricted Funds Funds Funds 2023 2022 2022 Total Funds 2022 Notes Incoming Rosourees Charitable activities Grants from governments and other co-funders 34,194 437,022 471,216 63.996 432,868 496,864 R•80urc•8 Expended Charitable activities 51,167 440,197 491,384 57.384 399,368 456,752 Net incom•nglout90ing rèsour8 before transfers (16,973) (3,175) <20,1481 6.612 33.500 40.112 Gross transfers betsveen lunds 7,766 (7,755) Net movemènl In fund8 for tho flnanclal yfr•r 19,218) (10,930) (20,148) 6.612 33.500 40,112 Roconclllatlon ol lund•: Total funds beginning of the year 13 128,426 102,335 227,781 118.814 88,835 187,649 Totsl funds al the end of the year 116,208 91,405 207,613 125,426 102,335 227,761 The Ststement of Finanaal Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing activit. The notes on pages 13 to 18 form part ol Ihe finan¢lal $lalemenls 10
Raidio Failte Teo (A company limited by guarantso, nol havlng a share tapltall SUMMARY INCOME AND EXPENDITURE ACCOUNT for the financial year ended 31 December 2023 Statornent ol Flnanelal Actlvltl 2023 2022 Gross income Unrestricted funds Rèstricted funds 34.194 437.022 471,216 496,864 Totsl Income Totsl oxpendIre 471.216 1491,3641 496,884 1456,752) Not Incornel(expendlturo 120,148 40,112 The company has no recognised gains or lossés other than the results for the financial year. The results for the financial year have been calculatéd on tha historical cost basis. note5 on pages 13 10 18 forni part ol Ihe financial statements 11
Raldio Faiite Teo (A ¢ompony Ilmltsd by guarnts•, nol h•vlni n 8har• ¢apn•l) Company Numbor NIO87883 BALANCE SHEET 0$ 8131 Decanber 2023 2023 N¢106 Flx•d Ao••1• T8ngiblE a558ts 85,988 78,341 CurrentAs•ots D8blus Cash 41 bank WKI In h8Tr4 1D 42,669 113,441 33,143 132,514 IS8,0tr1 165.857 Cr•dltors', Am¢unts falllng du• wlthln one ygar (14,3781 (14,23n t4•t euffoht A89et8 141,626 151,420 Totsl A•8etg lei• Curr•nl LIAblllt 207,613 227,781 Pundo Reslrfclod tr1 fvnds De8lgn8tgd ftmds IUnro5tsict8d) Qeneral (und (unrethrirtgd) 91,406 28,743 87,46 102.335 8.913 116,513 Tot•1 fund• 13 207,613 227,781 Th•s8 flnandal •tatsmonts hwe been pr¢parnd In •CCord£n wlth tho Jpedth provlglon$ ral•ttng to 6m811 ¢mpanI&S wilhln Part 16 01 tha Comp8nies A¢t 2006. For the ffin8rKl81 year endad 31 Dewnber 2023 thè CA¥npany wats enlued to exempuon frThn audtt under 8eetlon 4T1 oftho Companles Act 2008: nè noltce b88n dwosltod undof 8aetlon 478, Thé InAteoJ wiffrn that the mwnberJ h&vé not rnqutr•d th• company io obtiln an audlt oflt8 flnioc4018tqi•monts for th• ffnAn¢lal y••r In quesllon h •rts)rdane• YAlh ie¢kn 47e of th• Compan188 2006. The twstees &cknowled98 (6gponsb)Illlles for gnaurfng that th? eompany kgap6 8¢eiJunfjng rernrd9 wttFch txthply vlth S11¢n 38e al for prepartng flnondal Siaternents whleh a tru8 and falr eW of the slate of 8tralrs of eompany a6 al the and of thg Inan¢lal year and of Ils profil and lo$s lor tha fiftandal year kn aecordan¢8 Yhth tho qulremènts of 8KIIon8 394 8Th13 and whlch 01$• &)mpty tr• rqulr•monts ol lh• Cfunpanlos Act 2006 ralaung to ftrnnclal statements, so18r 88 8ppllcabkg to tho ts)fftpany. Th• llnaJKlal GtentS hav• b•an Pfep4red In OIdan wlth prDvlsbn• gppll¢th lo ty)mp8nle8 Suwt to gm411 companl86' reglmg 4nd In OkrdanI wllh FRS 102'7h8 Flnand81 Reportlng Stsndaril applleabb In UK and Remkniicof Iland, applylro $8¢n IA of thot Stsndard. ApproY•d by Il Board of TrnBt4os Ind authorlsed for l•¥u• on 3 8Wmb•r 2024 and s1gn•d on Its bghalf ty Dr POI MaG Cwa rector Ing Ni¢ Goaril DlYo¢tDr Tho on p8ge¥ 13 to 18 luyn part o nan 11
Raidio Failte Teo IA company limited by guarantee, not havln9 a share capit•ll NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 Dernber 2023 GENERAL INFORMATION Raidio Faille Teo is a company limited by guarantee incorporated in Northern Ireland. The registered offic8 of the company is 30 Sraid Dhubhaise, Béal Feirsle. BT12 4AL which is also the principal place ol business of the company The financial slalemenls have been presented in Pound {£) which is also the functional curren¢y ol the company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The foll¢)wing accounts'ng policies have been applied consistenuy in dealing with items which are consideffjd material in relation lo the charity's financial slalements. 8a8is of preparatlo The financial statements have been prepared on the going concern basis under the historical cost convention. modified to include rArtain items al fair valu8. The financial slalements have been prepared in acrx*rdance with the Statement of Recommended Practice {SORPI "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of that Standard. As permitted by the Companies Act 2006, the company has vaned the standard formats in that act for the Statement of Financial Aclivilies and the Balan Sheet. Departures from the standard fomats are to comply with the requirements of the Charities SORP and are in compliance with section 4.7, 10.6 and 1 5.2 of that SORP. ststement of compllance The finanual statements of the company for the finanGial year ended 31 December 2022 have been prepared on the going rxjncern basis and in accordance with the Statement of Recommended Practice ISORP) "Accounting and Reporting by Charities Preparing their accounts in accordancé with thé Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of that Standard. Fund •¢¢ountlng The following are the categorises of funds maintained., R08tricted fund8 Restricted fvnds a donations or grants ieceivable which the donor or funder has specified a to be solely used for particular areas of the charity's work or tor projects being undertaken by the charity. Unrestrlcted funds Designated funds are unrestricted funds of the chafity which the trustees have decided at their discretion lo set aside to use for a specifi¢ purpose. Incomlng R•8ourc•• Voluntary income or capital is included in the Slalemenl of Financial Activities when the company is legally enlilled to it, its financial value can be quantified with reasonable certainty and there is reasonable rtaInty of its ultsmale receipt. Enlillement to legaues is considered established when the company has been notified of a distn'butson to be made by the executors. Income received in advan of due perfomance under a contract is accounted for as deferred income until earned. Grants for activities are recognis8d as income when the related conditson5 for legal entitlement have been met. All other income is accounted for on an accruals basis. Resources Expended Expendilure is recognised once there is a legal or constructive obligation lo make a payment lo a third paty, it is probable that settlement will be required and th8 amount of the obligation can be measured reliably. Irrecovèrable VAT is charged as a cost against the activity for whlch the expenditure was incurred. Tangible fixed assets and depreciation Tangible fixed assets are stated at cost or at valuats'on, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets. less their estimated residual value, over their expeed useful lives as follows.. Studio equipment Fixtures, fittings and equipment 20 10 Reducing balan 25Yo Reducing balan 13
continued Raidio Failte Teo IA Company Ilmlted by guaranteè, not havlng a shar¢ capital) NOTES TO THE FINANCIAL STATEMENTS for the finanaal year ended 31 De mber 2023 Debtors Debtors are recognised at the settlémént amount due aftèr any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Income recognised by the the company from govemment agénues and other co-fvnders, but not yet received at year end, is included in debtors. Cash at bank and in hand Cash at bank and in hand comprises cash on deposit at banks requiring less than three months notice of withdrawal. Taxatlon No curn1 or deferred taxation arises as thè company ha$ been granted chantable exemption. Irrecoverable valued added tax is expensed as incurred. INCOME CHARITA8LE ACTIVITIES Unre8trleted Restrlctod Fund8 Fund8 2023 2022 Grants from governments and other co-fundern: Income 34,194 437,022 471,216 496,864 EXPENDITURE CHARITABLE ACTIVITIES Dlre¢t Costs Other Co•t• Support Colts 2023 2022 Charitable Activities 14,598 476,766 491,364 456,752 SUPPORT COSTS Charltabla Actlvltles 2023 2022 Dep8.on Legal and other professional lees Independent Examination Fees Salaries,wages and related costs General office 17,388 17,388 48 3.300 351,906 104,124 20,280 1,951 3,300 303,440 118,451 3,300 361,906 104,124 476,766 476,766 447,422 ANALYSIS OF SUPPORT COSTS 2023 2022 Deprttiation Legal and other professional fees Independent Examination Fees Salaries,w8ges and related costs General oifice 17.388 20,280 1,951 3,300 303.440 118.451 3,300 351,906 104,124 476,766 447.422 NET INCOMING RESOURCES 2023 2022 Net In¢omlng Resources ar? slated after charglngl{¢redltlngl: Depreciation of tangible assets Independent Examinef s remuneration.. - independent examination seThices 17,388 20,280 3,300 3.300 14
continued Raidio Failte Teo .{A ¢ompany Ilmlt•d by guarantee. not havlng a share capltall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2023 EMPLOYEES AND REMUNERATION Number of omployeeg The average number of persons employed {induding executive trustees) during the financial yéar was as follows.. 2023 Nufflb•r 2022 Number Average Number of Employees 18 17 The staff costs ¢ompnse'. 2023 2022 Wages and salariés Social security costs Pension costs 296,144 20,075 35,687 257,897 17,366 28,177 351,906 303,440 EMPLOYEE REMUNERATION There are no employees who receSved employee benefits excluding employer penslon costs of more th8n £60,000 for the reporting period. The total employee remuneration of the 2 key management personnel was £71.941. The charity trustees were not paid nor received any other for the reporting period. TANGIBLE FIXED ASSETS Studlo Flxtures, equSpment Ilttlngs and •quipm•nt Tolai Cost Al 1 January 2023 Additions 121,260 7,035 71,150 192,410 7.035 At 31 December 2023 128,295 71,150 199.445 Depreclatlon At 1 January 2023 Charge for the financial year 62,483 13,164 53.586 4.224 116,C69 17.388 At 31 December 2023 75,647 57.810 133,457 Not book value At 31 DerAmber 2023 62,648 13,340 65,988 At 31 December 2022 58,777 17,564 76,341 10. OEBTORS 2023 2022 Other debtors Prepayments and accrued income 315 42,244 33,143 42.559 33,143 15
cOntind Raidio Failte Teo (A company limlted by guarante•. not havlng a share capltal) NOTES TO THE FINANCIAL STATEMENTS for Ihe finanrjal year ended 31 December 2023 11. CREDITORS Amounts falling due wlthln one year 2023 2022 Trade creditors Taxation and soaal security costs Other creditors Accruals and deferred income 3.028 6,540 3,308 1,500 3,195 5,735 3,807 1,500 14,376 14,237 12. RESERVES 2023 2022 At the beginning of the year {Defi¢itllSurplus for the financlal year 227,761 {20,148} 187.649 40.112 At the end of the year 207,613 227.761 13. FUNDS 13.1 RECONCILIATION OF MOVEMENT IN FUNDS Unre•trlcted R••trl¢t•d Funds Fund8 Totsl Funds. At 1 January 2022 Movement during the financial year 118,814 6.612 68,835 33,500 187.649 40.112 At 31 December 2022 Movement during the financial year 125.426 {9.218) 102,335 {10,930) 227.761 (20,1481 At 31 December 2023 116,208 91.405 207,613 16
ntinued Raidio Failte Teo IA company Ilmltgd by guarantw, not havlng a sharo capltall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2023 13.2 ANALYSIS OF MOVEMENTS ON FUNOS Balance 1 January 2023 Income Expgndlture TransferyJ Balance between 31 D•cernb•r funds 2023 Restricted funds Foras Na Gaeilge- SL*im Raidio Pobail ILBF Foras na Gaeilge- Colmcille Other Grant Income Conradh na Gaeilgè Comharchisle COVID ILBF SLRFO R8nk Foundation OBAIR {JobStartl Languages Capital Fund An Ciste Inlheistlochta Gaeilge Foras na Gaeilge- Scéim Tacalochta Fuinnimh Belfast City Council - Revenue Grant Belfast Clty Councll- An Gort 1.446 243,600 242,856 1,523 3.713 27,816 6.500 88,717 2.165 2,762 940 89.376 7,519 2,762 1.977 565 1,609 31,143 2,402 27,157 1.146 9,452 13,526 1.609 23,449 1,620 16,207 710 8,415 2.259 (10,7021 29,615 3,729 21,921 2,947 13.376 3.201 513 911 34,649 7,669 33,069 7,669 19,866 14,071 5,795 3,310 1,835 1,475 102,335 437,022 440,197 17,7551 91,405 Unre8tricted funds T?ngible Fixed Assets Unrestricted General 8,913 116,513 8,577 42,590 28,407 120.6521 28.743 87,465 34,194 125,426 34,194 (51,167) 7,755 116.208 Total fund8 227,761 471,216 491,364 207,613 13.3 ANALYSIS OF NET ASSETS BY FUND Flxed 488et8 - charSty u8e Current a16•t8 Current IlabllStl¢• Tolal Restricted trust funds 37,245 67,574 (13,414) 91.405 Unrestricted designated i)Jnds Unrestricted general funds 28,743 28,743 87,465 88,427 {962) 28,743 88,427 (962) 116.208 65,988 156,001 (14,376) 207,613 14. STATUS The company is limited by guarantee not having a share caprtal. The liabilty of the members is limited. Every membèr of the company undertakes lo contribute lo the assets of the company in the event of its being wound up while they are members, or within one year thereafter, for the payment of the debts and liabilities of the company contracted before they ceased to bè members. and the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributors among themselves, such amount as may be required, not exceeding £ 1. 17
continued Raidi6 Failte Teo {A Company limited by 9uarante&. not havlng a sharo ¢apltsll NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2023 15. RELATED PARTY TRANSACTIONS Lionra Uladh Teo Dr POI Mac Cana, Aine Nic G8railt. Gear6id O Caireaiiain and Fergus O'Hare are all directors in Raidio Failte Teo and Llonra Uladh Teo. Llonra Uladh Teo is undertaking the development of the Llonra Uladh centr8 for Irish language radio broadcasting, training, sound editing and sound archiving. As at 1 January 2023 Llonra Uladh Teo was owed £1.980 from Raidi6 Failte Teo. During the year therè was net movemenl of £3. As at 31 December 2023 Raidio Faille Tèo owed Llonra Uladh Teo £1.977. 16. POST-BALANCE SHEET EVENTS There have been no SignifinI evènts affects'ng the company since the financial year4nd. 17. DESIGNATED FUNDS Property assets fund is thè value of unrestricted funds represented by the tangiblè fixed ass&ls owned and used by th8 charity on an on-going basis for ils aclivilies. 18