Raldlo Faiite T80 (A comp•ny 51mh•d by guarnntN not h•vlng • •h•r• upltsl) Annual Report and Unaudited Flnanclal Statements for the financial year ended 31 December 2024 •AEAZHJOG* 1310912025 COMPANIES HOUSE Quart•v Charter•d Accountant8 3t Anno'• No• 15 chts 81re•t Cathedrnl Qrt•r Belfagt BT1 1PG A12 Company Numb•r. N1067883 Charfty Number. 1Ql843
Raldlo Failte Teo (A ¢f4npary Itmlt•d ty q¢rnnM hA¥lng a iharn eapltall CONTENTS P•g• Tru81885' and 0th8r Inf0mticIn TN8tee8' Annual Roport Statem8nt of Trustees, Responsibilities Independent Examlnef8 Report statemonl of Financial Act5vtts 10 Sunynary Inwma arKI Expenditure Account 11 Balan Sheet 12 Nole6 to the FlnafKkl Staternent8 13-18
Raldlo Faiite Teo (A eompony Ilmlt•d ty guAr4nt•g, not hovlng • •hw• c•plt•l TRUSTEES. AND OTHER INFORMATION TTUSto•• Goarotd O Calreallaln (Re8lgrnd 20 Decamr 2024) Dr POI Mac Cana Ain8 Nlc Gearaitt Claran O Pronntslgh Fergus O'Haro C8olmh8 Nl ChalhaS1 Geqroid O Mullleolr Company SocrotAry Dr POI M8c Cona Ch•rfty Number In North&m Irgland 101643 Company R¢gl8tratlon Numbgr N1057683 R•g1gtor•d Offl¢o 30 Srald Ohubhalsa Béal Feirsi• BT12 4AL prtndyl Addr••• 30 Sraid Dhubha18a Béal Felrnte BT12 4AL Ind•pondgnt Examln•r Quarter Ch9rterod A¢¢ouni8nts st Ann9'8 House 15 Church Str•et Colhgdral Quartar Belfagl BT1 1PG Prlncipal 8•nkw8 Ulsler Bank Unit G Westwo¢)Y Cantr8 Belfast BT11 gBQ
Raidlo Faiite Teo
{A comyny I111•d bj guarantho, Ilot havlng a shorncapltsD
TRUSTEES. ANNUAL REPORT
for the financl81 yoar ended 310ecember 2024
Ttr Iru81888 Present thèlr Trnstegs. Amual Raport, tsjmblnlng the Dlre¢toTr' Report and Tru8téès' Report, arKI the
unaudtted fln8ncaal stst8ments for thg flnanclgl year end 31 Oecgmber 2024.
Th8 financLql statsm8nt8 aro prepar1 In acrdanCe wlth tha Companles Ad 2Cth. FRS 102 Fin8ncial
RepoTUng Stswjard 8ppllcable In lh8 UK and RepubllG of Iffelan and Acu>undng And ReForting by Ch8rlti88:
Statément of Rec
Rajdlo Faiite Teo (A company Mmlied by guar8nt••, not havlno a gMr• eapllpl) TRUSTEES. ANNUAL REPORT for the flnanrJ81 year ende<l 31 Decembor 2024 island of Ireland Ih8t broodrn8ts cfj the 8trwav6s through th8 rnedlum of lrfsh), and we support a number of org8n18attons throughout tho north DI Ireland lo product radlD Gonbnl {8ubl&ct to avallablllty of rn8ourc481. We ar8 pleased also to reFQrt ongolng collaboration wlth Raidlo na G8oltachla, tho now use Rald16 Faiita broadcasiing facalliies on 8 regular bas18. In addltion. wo h8V8 establ%d a wothing relalonshlp with Togeth&r FM, a cDrnmunty rodlo 8t8lon b06ed In Dublin, furth8r 61renglhw7ina our el&ls18nd portnershlpg In Irifjh-langua bro8dc8811ry. Raidio Failt8 ContInu to ewor8 mothod8 of 8ngagtng wlth our w)lunte6r broadcagtws and other 8takeholders- includlng by hostlng small eommunlty ev8nts at th6 Statlon, the provislon of stsllonth$ed and online tralnlng in communlty radlo bro8dcA81ing sk1118 gnd by mean8 of on-golng Inlllauves lor engoglng wlth the communlty, 80 th8 radio 8edg8' Guth en Phthall (VoifA of the CommuThltyl and Urnua (Brand Naw). Rold16 Failta Is cammltted to 8trèngth8nln9 communlty èngag8m8nt on an onoing ba818, wlth onllng and off trAlnlng prarMm&s dov8taillng wllh Incr8asing ve13 01 gtudio-ba8&d rBdlo pmductlon and fac8-1fy18ca communlty angagemonl prdects. Management end Blaff of tha station conUnuou91y seok nwl opportun5 to engage and collaborata wlth lh8 Irish IAnguage communty of speakers anl leamern of th8 IAnguagg, bolh lo¢ally and wtdor afield ènd wlth the lo¢al community. Includlng on a CrO8&cmmunIty b8818, In wr8uance of Ihg overall ¢h8rtt8bf• obhcti of the organisallon. As part of M8 remSt as a communlty dI0 8tBtion to 8upport'olher mmUnIty ard languagè orya8nlsollons, Btsff and volunteer8 from th8 8tatlon attgnd ev8nts aTrJ rAdUCt Intervlgws repreBgnl8lfve8 01 nOroU8 organl8atsons on an on-golng b8818 throughout the y8ar. Th8 enhand broadc8stlnwrecofdiTrJ frddllties al the ststion gnabl8s Ilvo broadc8ets from remote loeatlons a8 woll as recordlNJ8 ol Intarvbw8, lalks, book launch68 61¢ for broadcast on Raidlo Faiit6. frJrther Incré881ng a¢w io a wlda rANJ8 ol broadc88ts In tho Ir181y languago. Th8 0118(knrn & Managamont would Ilke to command Raldlo Féllta staff who hwffj wort(1 Ilrel8sily throughout 2024. tU4vard8 provldlng a higWuaI Irl8h langu•J6 community radlo 8èrv¢ce lo the Idgh languagè and the brAIldar eommunty (indudlng th08e staff membars Involved In Ilnandal admlnl8tr8tion, trolnlng, buildkng monagem8nl technlcal, communlty outr8a(, bu81ross devobpmenL communrty café and sound recordlTrJ rvle8). Flnanclal Revlow Th8 Dlyectorn ol Raldlo Faibtg Teo grnt8fully AcknovAedge all monolary Bupport T1Ved slnce tho Incepuon of tho rA)mmunlty radlo 88rvlce, tOW8rda fvrthwance of our chaiitable objaclw and to rAeatlng CAynmvnlly b8neflt - notsbly th8 on¥olng support of Forn$ na Gadlgo {8inr 2008) ond of Northom Iréland ScfO8n-An Cl8t8 Cr8oltalrnachta Gaeltya (ILBFI (SIn 2011). The Dlrectors can report that tha obl6cllvas and targot8 agregd wlth Fora8 na G8ellge In relallon to tha pr¢ynolion and usage ofth6 Irish langu8go Ihrough the medlum of mmUnIty radio have been mat and exadad, with th8 Input and Qovopefatlon ol a wba8 rawa of Irlsh language organiBalJon8 and Indivldual sp8akern and leamers of the language. Dudng th18 wlod, Raldlo Faiits gratéfijlly acknowl&ges cor)Ilnuatlon fundlng reIved from For88 na Gagilge-scalm Raldio Poball 2022-2024 (Communlty Radio Schame). suppgrtlng 4 posts and ongoing broadc88ting, trelnlng. volunteering, community oulrèach, aw8renèg8 r8isSng (ln relation to Ihe Ir18h language and to tha ststlon Itself), ar¢hivlng and th8 ongolng dèvelopment and m•lnlen8nce of iho communlty bullding. Raidko Faiib wa8 AUCC888frJl in atra¢tSng lunding off240.a(x) gnnualty for tha perlod 2025-2027 (2022-2024 £243.600} Thè Dlrectcrt w18h ALSO to oratsiljlty KknowIge the 8UPPOrt of Colmclllfra fvndlng Inluatlva odmlnS8t6rnd by Fora$ na Gaellgè, for 8 project farrt8d out in 2024. Icolmcille Is g partnarshp programmo befvmen Fijras na Ga8llge and Bèrd na Gaidhllg, promotlng the use of Irish Gaellc and S$h Gaellc In Ireland and Scolland and between thg tsvo countr108). Funding of £8,500. wag granled by Colmclllo In this pedod. Tho DITrLlors are pleased alK+ to report tho rxjnllnuatson of lundlng Irom Northém Ireland Scrnen -1ri8h LaThJuage Broadcast Fund for o fUrtr ygar {Aprll 2024 - March 2025.. £100,0). The ongowig sUPPOrt of Northem IreiaFvJ S¢reeTrlrf8h Languago Broadcast FuThd for th8 Reidlo Fallta BroadGasl Trelnlng Scheme Is a hlghly valuDd and crit11 element In the SUCLW of Rakllo Ftte, gUPWrting employment and contrlbuting lo 1$U111ng wllhin the Ih9h 5peaklng (MMunIty and to the growlh and development ol the overall 1ri8h language medla Snfra8twcturp. Awarded -oA-a-oontra¢t-ba81&for tho develowient.of_ts.tralnlng,-r8dio produclton4nd4rthlvlng capa(xty.of.ih&.stati(m, ttJi& very valuable support P8d(8go for the pro$10n of communlty radio servlcé8 by R8kllO Faiita. Regular wod(shop$, group and one-t(POn8 tralnlng $695ions in 80und rerArdlng. br08dcastiTrJ, Èound edrting and mlxiro and PCMl¢asting are held on a rfjgular basls thfoughout the year. A popular, always over4ubsul1a radlo broadcast tralnlng ojurne for lemal8 par+Jcipanl¥ was hold for a fourth year in 8uws8lon durlng Februarylmarch 2024, with vory po8ltlv8 outcunes ard feedbara<. Raid16 Failte tranlng courses impartvaluablg, tron8ferabb Skills, nurIng new tslent 8nd producé high qualty contsnt for br08dcast th8T8by incre83lng 8udi8nce reach. Dlreth can rnpcrt also th8t the Nl StreeTrlL8F Scétsn na Ldr1th80irf Rakllo Faol Oilioint (Trainoe Radio ProdueAf8 Scheme) tt88 conts'nu8d, vth trainee placed with 88C & Raldio Faiiie over the period Septembar 2023Auw$t 2024 {followlng suc881ul engag8ment betsveen Raldlo Fallte m8nagement and Nl Scre8n-ILBFI. This
Raldlo Faitte Teo
{A comp•ny Ilmltsd by gu8fants•, not havlnq i •hor• p1}
TRUSTEES, ANNUAL REPORT
fw the flnanclal year end8d 3108cember 2024
tralning sthamé, Inlllated In 2021-2022, whereby 2 tralne8 radlo produra wer6 plaLYd vhth Rddbj Fallte lor 8 p8rlod
of 12 month8, W88 provèn to be 8 gtsat 6ULXeSS by R8kl10 Fallte, conknbutlng lo skill-buikllng In radlo broadcasting
Ihrough Ithg medlum of the1rt8h languaoa and to the growlng 8U¢X888 of Raldlo Fallte, further slreroth8nlng Its apwl
to èXlSn9 and n8w118tenerB. Th8 Dlrector8 of Raidio Failte vary much welcom86 Iho Scélm n8 LélriltQl Rald56 Faol
OIIIOlnl scheme and are hop8ful that Ihi¥ tralnlng opportunlty In radio products'on skills will brne 8 ¢x)n8tsnt,
-going elem8nt of Nl 8enefvlLBF 8UPPDrtgoing foa.
lft Ih18 pad. RaldS0 Failte beneffted fr
Raldio Faiite Teo (A company Ibnlted by gu•rant•a. hol ha¥lng 4 shar• capltal) TRUSTEES, ANNUAL REPORT for th8 financlal ygar ended 31 Oecgmb8r 2024 In common with Ofcom-UeAn8ed Gommunlty r¥dio 818tlons elShere. R8ldk1 Faiite has operated Its FM ser¥lcA vlilh a Silom8tr8 Ixo8dcast restricilon slnce 2006, wlth broadcagt coverage Ilmlisd to Belfast area. In 2018 Ra#JiO Faiit8 submltted an aFpltcatFon to Ofcom In a btd to galn an oxtsnsion to axlstlno ooverag8 for th8 cornmunlty radlo servlrA. In Ih&lr d8c161on (Soptember 2019) Ol¢om granted an extanston ol the comrnunlty radlo 88rvlce, with aFvroval for P¢Y4ver Incréase. Raid16 Féllts wlll cthtlnu8 to lobby for further axt6n81ons to the mrage ar8a, In Iln8 with demand from comrnunlttes outsid6 the current broadcast 8r8a. In addluon. ststs'on management conllnua to monltor dèvelopm8nts and 8xplore opportunfueg (sub]8cl to fundlngl In relaflon to smallTh8calè DAB. Raidlo Faiits b fijnded prlmarfty by Forag na GlIae41rn Raidlo Pob811 and Nl s(xeeId1h Languago Broad¢g81 Fund. Wa are hop8fvJl that fvrKllng from theaa bthylos wlll continue, and wa aro afvMy8 aware ol the neces81ty10 8eek other additlon81 sources of fundlng. reported abov8. Raldio Faiiie was succ658fv1 In attr8dng 3-y&ar funding from Belfast Clty Councll and from The National Lottery CoThrnunity FUn&DOan1 Aciy)unt8 Nl in thfs pgriod. Furthor opporiunltle9 10 Strengthon the ¢ommunity radio broadca811ng serv1 (an orgAn18qtional priority) continué io bo jought Futurn Dov•lopments From its b856 al 30 Sraid Dhubha18e, eèal F8lrnte, 8T12 4AU the Dlrectors and managemenl of Raidio Faitte Teo 8tr1v8 lo maxlmi8e the b6Mftts of locauon in a purpo8&built centra for 1rf8h laNJuage radlo broadca8tlng, tralnlw, Sound edttino and Sound or¢hlvln9 (op8rallonal 81nce Octob•r 2018). Th• Rakllo Fairte centre 58 located In an ar08 01 munlplé dèprivatlon, pradIng 86rvlc48 and Pdcllities that cOnbut9 to the a116vl8llon of pOty and 80clal 6xdu810n. Furth8Thrre, by vlrtug of Its lo00 al the edge of th8 city (xntrp, R81diO Faiite provides an inclu8fv8. a¢xes8lblg Imunlty radio 88rvlea and a850clated activluos that assist In pmvlding furthor Smp8tus to o¥erall Gaoltacht Quarter aconomlc rwJoneralion pl8n8, banefiiting ts city ag a whole. Tho c4ntre oim8 to expand 1ri8h language medla and c#ynmunlty infraBlructur& and to 8UPPOrt, whér8 p)8sfolè, other communlll98 who wlsh to Incr8a8e thélr capaCY In tho 1rf8h languaga. The pa61 year ha8 8egn Ihè suc¢o8sful implamentstlon ol our 8ucc¥881on plan4 lThJudlng Ihg recnjlkngnt of iwo new 88nlor 8t8ft mnber3 in flnanceladmini8tr8llon and broadcasdng roles. A compre15Ve Menton9 programma wa$ rolled out to support tholr d8wlopm8nl, and It has proven effoctfve in pr8p8ring Ihom to lead the 0r9anlsali In Iholr 188peGllva areas. A8 we move Into 2025, the 8tallon wlll bld larewall to the finanlIadMIn mentor In Jgnuary, whlle tho broadeagtiryJ mentor wlll contlnuo In 8 reduC-hourS capoclty. Looklro ahèad, tho stallon wll a180 Seek lo tske advantagè of Olre8chts9 na S8mhn8 (yNnlng to Belfast In 2025, u8ing 05 B pwomi to Igh11 the work of the Itollon 8nd Its voluntaw broadcastsrn. Tru•ts•8 Thg current trusteeo aro a8 aat out on p8ge 3 Gearold O C8lreeiiain IRe8Pdned 20 Docember 2024) Dr POI Mac Can8 no Nlc Gaaralll Cran O PrntaIgh Fergus O'Hare Coolmhe Nl Chatho11 G8arOld O Mullleolr In accordan( with th8 AJtiGles of Asguciab'on. Ihe direL*orn rgtlre 8ry trdttl Amual Genoral Meeting and, belng Iigible, offer th&m8elves for rHl8cllon. The 8ecrotsry who eard durlng the llnAnclal year wa8.. Dr Pél fvlac fAna Compihncg wlih s9¢tor-d• L•91sl•¢lon and Stsnd•nl• Tho company engage5 pr¢Mcllvdy wlth16918lallon, 818ndard8 and cod•8 vthlch arn devoloped for Ihe 86Ctor. Raldl Failte Tao subgcrlb88 to and Is rAMnpllant with the fr•llowlng.' Th8 Compantes Act 20C . "Th¥'Charllle8'SORP-(FRS 1021-'""'"'"' . Approvad by 8oard ol Tru•ts•• on 9 S•ptsmber 2026 and $10n on It8 b8h•ff by: Dr POI Mac Cana Dlrector F8rgu8 0 Dlrnctor
Raidio Failts Teo IA ¢ompany Ifmlt•d by guar&nts•, no¢ hwlng 4 •har• eapttal) STATEMENT OF TRUSTEES. RESPONSIBILITIES r tho financial year ended 3108cemb8r 2tY24 The tru8teeB, who are 8180 dlrndor8 of Raldlo Faits Tèo for the purp08eg of company I, 8rn rw)onslbl6 for preparfng Iha llnandal statements In accordanco wlth apkable law and regulations. Compary law requirnB tho Iru8iee8 88 tho dlroclor8 to prep8r8 Ilnanclal statement8 frJr éach Ilnarthl yeor. Undèr that 18W the trust8eg hav8 electsd to prepare the financial statsmants In 8CAxnlance wlth Unllfrd Generally AtrApbJ Accounllng PracAi¢8 (Unlted Klngdom Atxounting StsTrJ8rds and appllc4ble law> Includlng FRS 102 "The Flnanci&l Roportlng Standard appIlble In the UK and Rapublic of lrn18nd" S6cllon 1A (Small EnUIi88). Under ompany law Iho trustees mu8t not 8pprove tha fin8nclal 8tat8ments unle$8 ttw saI8fied Ih8t they glve a tru8 8nd fatr vl8w ol the 8tate of aff8lr6 of th MPanY arKI of the surplu8 or d8llcll of #* company for Ihal peri. In prnparfng these flnanclal stetemonts, th8 tru9t008 8re requlr8d to; selecl 8Uitablo a(NJunling pollcles and appty them cons181erQJy: mak8 judgements and 88timatss that arn IPa8onabl6 and prud8n(' tAte whether the flnanclal sts1oment8 have b8en prBpared in artoithnca wlth tho rnlovant financlol roporung framework, identify those stsndard8. and r10 the effBct and tha Toa50ns for any rnatsrial departure from thos6 6tsndaryJ9: end prepar8 the nnanclal st818ments on thè golng conc8m bA8t8 unl899 it 18 Inapproprfata io pre6umo that the ujmpany whll contlnuo In oper8Uon. Th8 InJ8teo9 conllmi that thoy hav8 mplIed wlth the obove requlroments In preparfng tlo finaral ststements. Tho bw6t809 arn re8ponsible for keeping adequoto aCUnIng r8coré8 that are 8ufflcl8nt io 8hrM eKpl8ln tt )mp8ny'¥ transadlon8 and dlgclose with rea80naNg SorA¢Y al any Ume tha hnandsl posllbon of the c#)mpany end •nab18 them lo ensure that tha flnancl81 staternents comply wllh tho Compan185 Act 2006. They aro al80 r¢spon8ib18 for Bafeguardlng the a8sets of ts ¢rynpany arKI hence for tsking re88onabb steps tor thg proventlon and d8tectJon of froud and olhor 1rrequlartll88. Approvod by th• Board ol Trtt•t•8• on 9 8eptsmb•r 2025 Ind 919n•d on Its b•halt by: Dr POI Mac Cana Dlrnttior Ferg Dlro¢ O'Harg
Raldio Failte Teo {A company Ifmlted by gu&r8nte&. not havlng 9 Bharo captta INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF RAIDIO FAILTE TEO WO have oxamlned ffnandal 3tstemonts of the Gornpany for the ffinanclgl year erKled 31 DO(ber 2024, whlch compr16e the Stslement of Flnanclal Actlviles, th& Summary In¢om8 ond ExndItUr8 Account, ts Balance She8t and the related nots#, Thls report Is m8d8 8dely to thé comp8ny8 members, as a body, In accordance wtth Chapter 3 of Part 16 of th8 Companies Acl 2006. Our work has begn undertaken so thal wè might complle the financTral Blatsmenls that w8 have be•n eng&g8d to complle, raport to tha Board ofTrustOe8 thatwo hav• dono 80, and 8tale tho¥8 matters thatwg havo agreed to 81918 to them In this report and for no other purpos8. Te th8 fulknl extent paThitted by18w, w8 do not accept or assume re3pon8iblllty to sny8 other than the company and the 9MpanIS memtws, a8 a body, for our wort<, or lor thls reporL ReBpgcUve ro&pon81bllltlo9 of trte and examlnor Th8 companyb tru8ts88 {who affj al80 thè dlrectorB of ihg company for tho purp0808 01 company lawl are r8gpon81blo for th8 preparation of thè financ4al statemen18 In aCr(lanc with the requi18m8nts of thè Comp8nle8 Act 20cI8. Th• Compa,6 tIU8t688 (xJnslder that an audlt Is not requlred for th18 fjnenclal yèar U¥er Chaptsr 3 Part 16 of lh8 Companles Acl 2006 and that an Indepèndent 9xnaon 18 rnquirnd. It Is our rn¥)onBt¥lllty to". examlno th8 finanOIs10t•Mènts uThJer Sactlon 65 of the Charft1è8 Act,. follow prctodure818ld down by tho 98n6ral DlrKtlon• glven by Ihe Charlty Cc#nmlsslon for Northem Iralard undgr 8ecl¢)n 65{gllb) of the Charits'98 Act., and •tOt8whelhgr partlcul•r mattern hav• com• to aur 8ttonllon. 8•818 gf Ind•pgndont•xamlnofs r0POrt We have examined your company flnonclal 8latemants aj wulred undar lect¢an 86 of tha ChaAt188 Act ond our exarnlnallon was rrIed out In accordanc wtth th6 98narnl Diiectlons glven by the Chartly 1MmISSion for Northem Ireland undgr 68ciion 85(9llb} of the Charlttes Act. An ex8mln8tion Includés a revisw of th8 afxounling records kept by tr10 company and a compart8on ol th8 financ481 st8t8ments pr88ent8d wlth th088 roccrfd8. It also Indudas con81dgr8llon o18ny unu8uBI Kem8 or dl&GIo8ur8s In th9 financ181 statements and 8•eklng explanauons from tho truste98 concaming any 8u¢h matters. Th8 procedurgs und8rtak8n do not provlda all th8 dence that wotsld be requirod In an 8udll and consequontty rK) oplnlon 18 glven a8 to ether the acMunl8 pr88ant a 'tru• and fal¢ vigw 8ftd th8 roportlg Ilmltod lo tho88 mattern 801 out In the statemfjnt below. In roni)aion our •xamlnallon, no matter haB to our attention whk glve8 US k*USO to bofieva Ihat In, any materlgl respera.. aecountong reeonls wgre not kept In 8c£ordance seclion 388 ofthe Comp8nl6s Act 20( the i1n8ndal 818tem8nts do not accord wllh Ih088 aounting recofdg the finondol $tatem8nts h8v• not been prepad In aCcOrdAnc with the accounllng requlrements of Secllon 396 of the Companle5 Act 2006 and wbth th8 meth&Js and wkndpleg of Iha Statement of Re(yJrnmended Pr8CtIco 8ppli¢ab18 lo ch8rltl8s preparing Iholr 8¢¢ounts in accordan wlth the Flnanclal Raportlng Sl8ndard 8ppllcAblè In the UK 8rKI Rgpubllc ol Ireland {FRS102) thefo18 further Infomialion neoded for a PTDFer urKI?rJl8r#Jiro of tho armunts to b8 reachod. Indopond•nt •xamln&f• •tstsm•nt We have no concem8 8nd have across no offtor mattoJ8 In rnnnection with thD examinatk)n lo whlch attentlon 9hould be diawn in th18 mPQrt In order to enablg a prDper under3tandirvJ ol tho financ1 $tatem8nts to be r88ch8d. QUARTER Charteroj A(rrtants St Anno'8 Hous• . 15 Churth'Stre8t"- cathedr Quarter Belfa8t BT1 1PG Dat•: 9 Soptembor 2026
Raldio Faiite Teo (A company Ibnltèd by guar•nt•e. not havlng n slt•r• capltaQ STATEMENT OF FINANCIAL ACTIVITIES for the finanrial year and&1 31 December2024 Unra•trl¢tsd Re•trlclod Fundo Fund8 2024 2024 Total Unr8slricted Re8lrfc*ed Fund8 Funds Fund8 2024 2023 2023 Total Funds 2023 Incomlng R005 Ch8rltable Édlvlles - Gr8nts from govemmonts and other ctrfvndarn 9,160 489.331 491481 34,194 437,022 471,216 RMourc•8 Exp•ndod Charftsblo activlY88 ,721 482,7B# 469,510 61.187 440,197 491,384 Not Ineomlngloutgolng mourt•s 101• tran810rn 1429 28,971 (16.973) <3,176) (20,148) Gross tr8n8f8rs bolween luTr#s 7,765 (7,755) Net mov•m•nt In fund• for tho flnanclal year 2842 28.971 (9,2181 (10,930) (20,146) R•eon¢lll•llon ol fund•: Total fundg boglnnlng of th yoar 13 116,208 •lhOJ 207,013 125,428 102,335 227,781 Total Ind• at th• •nd ol tho yo•r 117,947 236.684 118,208 91.405 207.813 The Slatemanl of Flnandal Actlv5h'é8 Includ05 all g8ln8 aNI108•Q• rned In the financ401 ye•r. All Inccrflle and expendlture relats to wnljnulng acbwts88. The no1 on prye8 13 to 18 fornipjrt of thè Iln8rKIBI statomortt8 10
Raldlo Faiite Teo (A compaty Ilmlted by qUAfonteo, not havtn9 •ohr• ¢apllal> SUMMARY INCOME AND EXPENDITURE ACCOUNT fDr Ihe Ilnanclal yaar ond&J 31 December 2024 8talfjmont of Flnanclal Actlvltle• 2024 2023 GfOJ8 Incomo Unr¢strf¢tsd lunds Restriclad fvnd8 9,160 489,331 498881 471.216 Total InGomo Total •xp•ndltyrn 498,4B1 I469*0) 471,216 (491,364) Nol In¢om•l{•xpondltur•) 971 {20,148) The company h88 no reccgni98d galns or Ios803 other than the suiplu8 for flnane481 year. Tho re8uIt8 for fhe flnan17 y•or hav0 been c41¢ulatad on thè histrJrti¥l cost ba618. The not66 on pagBS 1310 18 fomi part of the flnartlol stolements 11
Raldlo Failte Teo IA company Ilmltsd ty guornnte•, nothaylng a4harn¢apllall Compony Numbor. N1•57683 BALANCE SHEET 08 at 31 Dtr•mbar 2024 20 2023 Flxgd Assets Tanglblo a880t8 18,136 66,988 Gurr•nt A•80ts Doblorn Cash at bank end kn hd 10 29,443 166,992 42,559 113,442 190,430 156,tYJI Crodltorn: Amount¥ falllng duo whhln on• ye•r 11 (17,907> (14,378) N•t Cuwfvnt A••• 178,448 141,625 Total Al1316$6 Cuwont Llbllltlo8 236,684 207,813 Fund Restrlcted trust funds 0881gnated fiJnd8 (Unreslrf¢tèdl G&n8ral lund {unreotrtcled) 117,947 22,709 15.928 91,405 28,743 87,465 Totsl fund• 13 238,8 207,813 Tr financlAI stst¢ments have tsgn prep8fed in awd8n¢e wllh 8poclal w¢On& relatlrnj lo srnall compgnles ¥th1Th Part 15 01th8 Companle8 200& For th8 fin8ndal yoar ended 310ocembér 2024 the oJmp8ny was entiued to exwnpiion from audlt under 8ecllon 477 of thg Companbgs Act 2006., and no not1( has b•en depo8ltad under 8adlon 478, The IruJtaO8 ujnfimi that th8 m8mb8rs have not reqred tha Cftpany to oblaln an aLKII of ils fln4nclal statsml for the fingnd81 year In que8ts.on In allordan sectloft 476 ofth& Companleg Act 2008. The truste08 8cknt>wl6dge thelr ra8ponslbMlties lor an$urtn9 th•t the rAimpany k8ep8 8¢countlng records whlch compty wltli 89ctlon 386 and tor Pfep8rlng finaftdal 8t&tgmts whldi gfve a trug and faif vlow of the Slats of 8ff8tr8 of tho wnpany as al tha end of the flnand81 year and oi profil and1083 for th8 financl81 y8Br In arxor(lanc* wlth the quir•ment8 of socttons 394 8nd 395 and whlch otherwlso comply vthh Ihe requir8ments of th8 Comp8nle8 Act 2we latlng to flnandal 8teteMts, 80 lar 84 applible to (xwnpany. The ftnandal 8tAtements havo bwi PT8pargd In a(xordanLYk wllh the prvvlslons 8pplleablo io ffjmpani88 8ubJect to the all wmpanles, reglm6 and In acconl8nco wllh FRS 102 Flnandal Rapn9 Sta[d oppllcabto In lh• UK And Republlc of Irgland" aPprj Sectlon 1A ofthat standgrd. Approv•d ty tho Board ol Tru•toM Ind aulhorfmd for l•#u• on 8 8•pt•mb•r 21Y2U and •lgnod on tt8 b•hJll by Dr POI MIC Can• orgu DI Har0 Tho rt0ts8 on p408 13 to 18 fomi partoflho ffinand 8tstsmenb 12
Raldlo Faiite Teo IA Company Ilmlt•d ty guarant¢g, nat havlng a ¥hAf• capllal) NOTES TO THE FINANCIAL STATEMENTS for tho Iln8ntJal yeor onded 31 Dec4mbar 2024 GENERAL INFORfiiATION RaId Faiit8 Teols a ttJmpany1Smitpd ty guarantee Incorporated in Norlhem Ire18nd. Thg reg1818r8d Offi ol the company le 30 Sraj Dhubh8t88, Béal Felr8t8, BT12 4AL whlch Is 8180 Iho prlndpgl pl of busin888 of the company Tha flnanclal 8tst8ment8 hav8 been pr83ent8d In Pound {£) ¥thlch Is a180 thè fvndlonal curranty of Ihe company. 8UMMARY OF 810NIFICApif ACCOUNTINQ POLICIES The followlro accountlro pollcl88 hav8 been 8pplbgd con81gtsnlly In deallng wrth Item8 bthlch arn ¢on¥1dgd matsdal in relallon to Ihe charity'8 financlal statements. Ba818 ol pr•paratlon The finan¢l&l 8tatements have bean y8parBd on the golng concarn ba818 undor t hl8lorfcal c1 conventlon, modlfied to Irdude cert8ln items •1 falr value. Thg flnanclal 81atThnts hav8 been preparèd In acc¥>rdBnce wlth the Ststemenl of Recommended Pracllca (SORP)"Accounting and R8POrtlng by Charit188 pr6partng thelr occount8 in acwrdance wNh the Flnand81 Reporlng Stsnd8rd appllcabla In th6 UK and Republlc of Ireland FRS 102" Applylng Secuon 1A of that Standard. A8 nTr1t by the Comp8nl88 Act 2008, tho company has varlod ts standard lormats In that act for the Stat8mgnt of Financlal Adivltles and the Balan Stwt. Departur85 from th8 8tand8nl fomiats qrg to wnpty with the wulrèments of lh9 Chartti98 SORP and arn In compllan(% wllh 8&Glon 4.7, 10.8 and 15.2 01 thal SORP. Sttsm•nt of compllanc• Tha flnanGlal stotgments ofthé &)mpany for Iha flnondal year onded 31 Docamb8r 2022 ha been prep81 the going concem ba313 and in acrnrdan with thè Statement of R8MMended Prnc1lL (SORP) 'AOUn11nQ and Reporttro by Charities preparfng thair accounts in acCOrd8n the Financlal Reportlng Stsndard appllcoblo In tho UK 8nd Republlc of Iroland FRS 102", awlylng S8ction IA of that Standard, Fund ac¢ountlng The following are the (tegori5e8 of funds rnalntained: Ro8tslet•d funds Re8trfcted funds •r• don•b'on8 or grants recolvable whlch tho d(mor or fundèr ha$ S10 are to b& 80Wy uged lor p8rtioJl8r aréq8 oflhè ¢hartty'8 work or for prolects belng undartaken by the charlty. Unre8trletod fund8 D8slgnat6d fvnd8 aro unrestricled fund8 of the c+)arfty whlch tho trust•g8 have doclded at Iholr dls¢retlon lo 8Ot asid6 to for a gpedflc purpos8. Incomlng Rasourcea Voluntary income or Capital18 Included In the Ststement of FlnarKlal Acti1 wln Iho &)mp8ny18 legal tilled lo11, Its fln8nclal value can ba quanlifled with reasonablg certalnty and ther9 18 reasonable ertainty ot ultlmala rec•ipt. Enlitlament to leg8ci8g18 c0ns1ded establSshed when Ihe company ha8 boell noullgd of o dl6liibutlon to b• made by the execut¢XS. Income rn1¥0d In advarth of dug p8rlomani under a conlrect ar£ounted for as deferred Income until eamed. Gr8nls for 8r8 rnc(xJnlsed 88 Income when the related wndldons for legal entitlemont hgve boen Frot Al olhgr irKomo1g accountpd lor on an accrua13 basbs. RO80u•• EMp•nd•d Expendllure is rocogni¥8d cw thére18 8 kgal or eongtru¢Alve obfyath)n to make o payment to a thlrd paty. It Is probable th818ettlemenlwill bo requlred and the wnount of the obllaauon can be mea8ur8d rnliaw. inst the aL.vlty. for whlth the.q¥pon¢lW.rq. inourrqd... TangIb flxod 188•ts and dopre¢lfjllon Tangil>le fixed @35èt8 aré stated at C09t or at valuation, 1888 axumulatsd dopreciallon. Th8 tharge to dopreciation is Cal1318d to wrlte off the origlnal st or valuatlon oftsnglble ed a8ts9ts.19 tsir esllmated resldtsal value, over thelr expected useful liv8$ 8s follDW8: Sludio èqulpm8nt Flxlute4 fftb'rvJs and equlpnxnt 20% Redudng balanc 25% Reduclng balan 13
continued Raidlo Faiite Teo IA eompery IIMli•d by gu#rnnt••, not hftvlng a $howg ¢apltall NOTES TO THE FINANCIAL STATEMENTS for Ibe financ181 wr frnded 31 Decombgr 2024 Debtor# Debtor8 are rKagniftad at tha sattlement OUnt duè after any d18eount offored. PrepayTnents are valwd at tha amount Prepaid Iw of any tr8d8 dl8count8 due. Inc4)m6 reCgnISed by the th6 company from govamm8nt agencies and 0th9r rfijndr8. bul not yèt f8C8lwl at year end. 18 Induded In deblors. Cash at bank and In hand Cash 81 bank and In hand comprises (a8h on (Jopo8il 81 b8nk8 reqring lè98 thon thrno months nollce of Taxatlon No currgnt OT d8feJYed tax8tlon arl8è9 a8 the g)mpany h88 bgen granted tharttsbb •xempUon. Irre¢0rabIe v8Iuod added tsK18 oxpansed ag Incurrad. 114COME CHARrrABLE ACTIVITIES Unr•atrl¢tsd Re•trl¢tsd Fund Fund• 2024 Grant8 from qov•mm•nt• ind oth•r ¢04und•rn: In¢offl• 9,100 489.331 498,411 471,218 EXPENDITURE CHARITABiE ACTIVITIES Dlr•¢t Othof Co8t8 8upport 2023 Ch8rtlablè Actrdllèa 469,610 48910 491,364 8UPPORT C08T8 Cb•rftablo A¢tlvlil 2024 2023 Depreclatlon Legal and otheT profvsslonal fees Indep&nd8nt Examlnalon F SAlart08,wago5 Ind ated Ly)8ts Qlengral offico 15,686 627 3,640 320,191 129,6Ga 16,686 17,388 3,640 320,198 129,668 3.300 351,906 104,124 469,610 469,610 478,76e ANALYSIS OF SUPPORT COSTS 2024 2023 Dopredauon Leg81 and othw profe88lonal fe81 I8p9nd8Tht Examln8Uon F88$ Salartes,wage8 arKI r•l8léd •1* GoMral offké 16,6B6 027 3.140 320,199 128,008 17,388 48 351,908 104,124 489,610 476,7e8 NET INCOMINQ RESOURCE8 2024 2023 Net In¢omlng ROu00 ar• 8tal•d aft•r ¢harulngl(¢r•dltlngl: Depre¢iallon of tsnglble assets Indepèndent Examlnef8 remLtn8ratlon.' . Indepondenl examlnalon 88rvlcg3 16,606 17,388 3.300 14
onllnued Raldlo Faiite Teo (A company Ilmltod ty ou•rant•o, not havlrtg • 8har• c•phall NOTES TO THE FINANCIAL STATEMENTS for the Itn8naal yoarended 31 Dmber 2024 EMPLOYEES AND REMuNERATN Numbor ol •mployeg0 The av8r8Go nurnber of r$on9 employed {IndudlrYJ 6xe¢uUvg trugt8•91 durfng tho financ1 yo•r was 08 folw$.. 2024 Number 2023 Number Avora9e Numbèr ol Employe88 12 16 Th8 Btaff coets Compe. 2023 Wages and salarte8 SoGl8l 88Gurlty eo8ts Pen91on costs 268,848 19.806 31,5415 296,144 20.075 35.687 320,199 361.908 EMPLOYEE REMUNERATIOM There 4re no omployees vtho received emplo benefits gxdudlng amployer penslon c4)8fy of more than £80,000 for tho r8portlng partod. TANGIBLE FIXED A8SEf8 31udlo •qulpm•nt Ilttlngts and equlpmonl Totsl Co•t At 1 January 21Y24 Addftbons 128,295 71,150 7.834 199.445 7,834 Al 31 D8cemb•r 2024 128,295 78,984 207.279 D•pr•rl•llon Ai 1 January 2024 Charp lor the fimndal y•Ar 75,647 10,S30 57,810 6,168 133.457 16,886 At 31 De¢ombor 2024 86.177 62,988 149.143 Ngt bool valuo At 3108cembor 2024 42,118 16,018 68,138 Al 31 Docernbor 2023 52,648 13,340 85,988 10. DEBTORS 2024 2023 trIlOtorS ' Prepayment8 and aeuued Inc4Jne 315 42.244 29.443 29 42.559 15
¢x)nlinued Raldlo Faiite Teo IA ¢ompgny Ilmlt•d by guarnnte#. not havlno B •hAr• capllaD NOTES TO THE FINANCIAL STATEMENTS lorthe fln8nclal ya4r onded 31 Decombar 2024 CREDITORS Amounts falllng du& wlthln on• y•ar 2Q24 2023 Trade edItOrS TaxatlDn and 80dal sawrtty O)sts Other tTrdllof8 Ae£Nalg defwrnd IncoTra 477 130 3,630 13,746 3.028 8,540 1,500 17,987 14.376 12. RE8ERVES 2024 At th8 btglnning ol the year Surplu(00fidtj for tho Ilnanclol year 2D7,613 24971 227.761 120,148) At and of tho yeor 236,584 207,813 IJ. FUNDS 13.1 RECONCIUATION OF MOVEMEMf IN FUNDS Vnrn8trlctsd R••trlct0d Fund• Fund• Total Fund8 At 1 J8nu8ry 2023 Movement durtng tho llnandal y08f 12S,426 ,218) 102,335 (10,930) 227,761 120,148) At 31 Dec)bor 2023 Movement duiThw tho finond81 year 118,208 2,429 91,4Q6 2e,542 207,813 28,971 At 31 Decwnbor 2024 118,837 117,947 236,084 16
contlnued Raldi6 Failte Teo IA company Ifmlt•d by guarants•, not havlng a Sham ¢aplt&ll NOTES TO THE FINANCIAL STATEMENTS for th8 Itnandal year ended 31 Dec8mbor 2024 13.2 ANALY81S OF MOVEMENT8 ON FUND8 Balan¢0 l January 2024 Incom• Expgndlture Tran•f•ra Balance betw•en 31 Decèmber fund8 2024 Re8trlcted fund• Fora8 Ng Gaellge- Scélm Raldlo Pob811 ILBF The Communlty Foundatk>n Fora8 na Gaellga- Colmdlè Conr8dh na Gaellgo Comharchlsle COVID Rank Foundauon OBAIR {JobStsrt) Langu8g88 Capltsl FuThJ An CA8té Infhe1811othta Gryellgo Foras na Gaellge- Scalm na bmdlte 8eff8gt City Councll- Rnue Grant 8elfastCity Coundl-An Gort Dormant Accoun13 Fund Nl 3.713 243,800 244,385 2.928 27,157 105,000 5,000 8,500 72.101 3,807 9,846 3,301 4S2 15,875 9,333 2.e75 29,846 4,205 60.058 1.193 1.146 8,415 2,269 21,921 2,947 13.376 3,201 6.060 1,807 20.048 14,000 e.386 10,701 3.888 30,333 4,205 5,795 20,495 20,887 5,403 1.475 1,475 45,OJ1 50.876 6,875 91.405 489,331 462,789 117,947 UnMtrlct8d lunth Tanglblé Fixed A888ts Unmtrictad Gener81 28,743 87,465 6,034 22,709 95,928 9.150 118,208 9,150 (8,721 118,837 Tol•l fvnd• 207.613 498.481 469,010 236.664 13.3 ANALYSIS OF NET A88ETS BY FUND Flxod agsèt8 - charlty use Cutront a800ts Curront Ilabllltle8 Total ReBtrlctsd tru8t fvnda 33,368 98,824 (12246) 117,947 Unre8trlrAed do81gnated fvvvJ8 Unre3ts1caed general fund¥ 22,708 2,060 22,708 95,929 99,611 15.742) 24,768 99,611 15.742) 118,637 68,136 19B,435 117,98n 236,684 14. 8TATU8 ..Tlo.oompgny 18. Ilmjtqdby guarante8.notha¥ing.a sharg.capltal. The liablllty of the members is Ilmlted. E¥ery m8mb6r oftho company undertakes to (Thidbuto to the 8Sgeis of tha MpanY In th8 event 01118 belng wound up whlle they are mernbar8, or wllhln one yaar thereafter, for tho PBymenl of th& d8bt8 and Ilabllilles ol th8 company ntraCed beftTr thoy ceased to be rnembe, and the Costs, ch8rg83 arKI eXn$05 of windlng tw. and for tho adlu8knent of the rtshts of Iho ntrtbut0rs amoryj them8dvès, such amount as may be raquired, not oxceading £ l. 17
continued Raidio Failte Teo IA ¢ompany Ilmlted by guorontsg, nothavlny a 8har• ¢&pltsl) NOTES TO THE FINANCIAL STATEMENTS for tho finandal year ended 31 Denber 21f24 18. REIATED PARTY TRANSACTIONS Uonr8 Ulaoh T80 Dr P61 Mac Cana, Aine Nlc GèaraiL Claran O Pffjnntah and Fergug IYHar8 are all dlrectorn In Ratdio Fall te Teo gnd Llonra Uladh Teo. A8 at 1 Janu8ry 2024 Llonra Uladh Too wa8 ¢Jwed £1,977 trom R8ldiO Faitte T8 Dudng the year there was net mov8m6nt of £13. AB At 31 D8c4mbw 2024 Rddlo Fairte Teo owed Ltonra Uladh Teo £1.984. 16. POST.BALANCE SHEEf EVEKrs Thero hava been no slgnlllcanl ewJnt8 aff8ctlng tho rA)mpany elnea the thanclal year4nd. 17. DE81GNAT4D FUND8 Prowty 45sats fund 18 valu8 of unre8tr1ctsd fvnd8 represenbj by the tanglble fixed assets owned and Uged by the charlty on an wlng ba¥1$ for Its •Clue0,