Company Reglslratlon Number: N1606060
Charity Number: 102145
Culturlann McAdam O Fiaich
IA company limited by guarantÈè, nat having a share capital)
Annual Report and Audited Financial Statements
for the financial year ended 31 March 2024

Culturlann McAdam O Fiaich
IA company limited by guarantee, not having a share capital)
TRUSTEES. AND OTHER INFORMATION
Trustèes
E Ni Churraoin
A Nic Gearaill
G O Caireaiiain
M Nic Fhionnachlaigh
M Mhic Aibhistin
G Nig Uidhir (Resigned 30 June 2023)
p O Tiarnaigh (Resigned 30 June 20231
J Herron {Resigned 1 February 2024)
Company Sacretsry
Grainne Nl Ghilin
Charlty Number In Northern Ireland
102145
Company Registration Number
N1608080
Reglstered Offlce and Prlnclpal Address
216 Bothar na bhFal
An Cheathru Ghaeltachla
Béal Feirste
BT12 6AH
Audltors
Quarter Chartered Accounlanls
St Anne's House
15 Church Street
Cathedral Quarter
Belfast
BT11PG
Prlnclpal Bankfjrs
Bank of Ireland
202 Andersonslown Road
Belfast
Co, Antrim
BT119EB
Solicitors
Gilrnore Solicitors
202 Andersonslown Road
Belfast
BT119EB

Culturlann McAdam O Fiaich
IA company limited by guarantee, not having a share capital)
TRUSTEES. ANNUAL REPORT
for the financial year ended 31 March 2024
The trustees presant Ih6ir Truslees, Annual Report, combining the Directors. Report and Truste8s' Report, and the auditèd
financial statements for the financial year ended 31 March 2024.
Th8 financial statements are preparad in accordance with the Companias Act 2006, FRS 102 "Thg Financial Reporting
Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their financial slalem8nls in accordance with the Financial
Reporting
standard
applicable
in
the
UK
and
Republic
of
Ireland
IFRS
102).
The Trustees. Report mntains the information required to be provided in the Trustees. Annual Report under the Statement
of Recommended Practice ISORPI guidelines. The trustees of the ¢ompany are also charity trustees for the purpose of
charity law and under the company's constitution are known as members of the board of trustees.
In this report the trustees of Culturlann McAdam O Fiaich present a summary of ils purpose, governance, activities,
achievements and fInan￿s for the fSnan¢ial year 31 March 2024.
The company is a registered charity and hence the report and results are presented in a form which complies with Ihe
requirements of the Companles Acl 2006 and, althouqh not obliqed to comply with the Statement of Recommended
Practice {Charities SORP effeclive January 20151, the organisalion has implemented its recommendations where relevant
in these fin8ncial statements.
Mission, Objectives and Slralegy
Mission Staloment
Cutturlann McAdam O Flaich Pfomoles the Irlsh language through the arts and culture, and promotes the arts and culture
through the Irish languago,
Strategy
Strategic aims are the constant development of our tourism and artistic offering, including music, drama, literature, visu81
arts and dance with a focus on our specialist gallery and theatre spaces as well as community involvement in our
productions
events
and
The
key
are
follows
To provide entertaining and Ihought-provoking arts and cultural events through the medium of Irish for the Irish speaking
communSty and others In Greater Belfast and further afleld, partlcularly In the areas of muslc, visual arts, drama and
To provide educational opportunities to people in the local area and beyond through our lifelong learning programme for
adults
and
youth
education
programme
and
youlh
club:
To provlde arts actlvllles for chlldren, young people and adults to enable them to learn new skllls, develop thelr exlstlng
skills, increase their knowledge of the Irish language and various arts praclices, improve their confidence and enhance
To Continue lo work with Oth￿ language and cultural org8nisalions lo provide as many services as possible through the
To continue develop our newly purchased building, 2 Fallswater Slreel, into a thriving youth and training hub focusing on
arts
and
educational
The Culturlann has always been a pioneering organisation, the first of its kind. and we aim to be at the forefront of the
resurgence in Irish speakers in Greater Belfast and further afield, encouraging the use of Irish through the arts.
Revlew of Acllvltles, Achlevements and Perforniance
The company is established for the advancamenl of aducation and tha promotion of Ihe arts and Irish language culture
among Irish speaking people and the general public in Belfast and ils environs in Ireland. and in particular:
To develop an awareness and encourage appreciation of Irish culture through Ihe promotion of theatre, drama, poelry,
literature,
music,
visual
arts
and
creative
writing

To encourage participation in the arts and Irish cultural activities through the provision of workshops, classes,
enlerlainment
and
other
participalive
activities
To provide office accommodation and other workspaces, facilities and services to encourage the development of the art5
TD maintain and manage a cultural and arls centre for activities promoled by Culturlann hlcAdam O Fiaich and in
furtherance
the
above
objectives
In order to carry oul these objectives Culturlann McAdam O Fiaich is constantly engaging with the community via our
classes, online conlenl, debates, discussion groups and working with young people al our theatre groups and our youth
club. Also, Culturlann McAdam O Fiaich organises plays, COn￿rtS, literary events, dance perfom)ances, youih and family
activities and dramas to the avail of the peDple of greater Belfast and the entire country.
Despite this being a hugely challenging lime for the arts sector as 8 whole, Culturfann McAd8m O Fiaich has continued to
achieve its objectives in full and has in(xeased audien￿ and participation numbers in this period. Our classes are all al
capacity and we are delighted to see an increase in those taking up the language. Our events have been well allended
and we are delighted with the involvement of our community. especially younger people, in festivals such as Liu Lunasa
F l e a d h
The benefits that flow from this purpose are the increased awareness of the Irish language and culture and Ihe
opportunities to access education relating to Irish language and culture and 10 participate in aclivities through the medium
of Irish or that promote Irish. Direct benefits include promotion of and enjoyment of the Irish language and litèrature and
arl in Ihe area of benefit. These benefits are evidenced by Ihe increasing number of patrons of our centre and participants
in our activities and by feedback from participants al our events. Beneficiaries of our services are Irish speakers and
learners and the general public in Ireland.
Flnanclal Revlew
The trustees
have consistently followed
appropriate
accounting principles
with due
diligence.
The principal Source of funding during the financial year was that of grant funding which accounts for £463.797 of the totsl
income of £555,923. Culturlann McAdam O Fiaich is indebted to Ihg continued support of these funding bodies to carry
out its objectives and activi118s. The rnajor funders in the 2023124 financial year included Department for Communit188,
Arts Councll Nl. Foras na Gaelige and Belfast City Council. Without this funding Cullurlann M¢Adam O Flal¢h would nol
be able lo continue the promotion of Irish language and culture through the running of the centre and the events and
activities held.
Financial Rosulls
At 1he end cl the financlal year the company has assets of £896.521 12023 £972,574) and Ilabillties of £74,71612023
£71,321). The nel assets ol the company have decreased by £179,448).
Reserves Posltlon and Pollcy
Reserves are needed lo bridge the gap between spending and receiving of income, to cover unplanned emergency
rCpalry￿ and olhor unforo4>con expcnditure. In the Trusloos view, the rcaerves should provldo th8 charity with adcquate
financial slabilily and the means for 11 lo meal Ils charitab18 obiectiV8s for Ihe forese8able future.
The unrestricted reserves of Culturlann McAdam O Fiaich as al 31st March 2024 were £104,312. Access to the
unrestricted
reserves
would
require
the
disposal
of
tangible
fixed
assets.
The charity ha5 endowment reserves totalling £697,651. These were grants provided to purchase the premises, and other
assets. ulilised by Culturlann McAdam O Fiaich. These grants specified the buildings should continue to be ulilised by
Cullurlann
McAdam
Fiaich for
period
of
10
years
after
the
purchase.
The
charity
has
restricted
reserves
totalling
£19,842
at
31st
March
2024.
The Trustees review the amount of reserves that are required lo ensure they are adequate to fulfil the charitys continuing
obligations at their regular finance meeting.
Principal Risks and Unc8rtaintl8S
The organisation is a charitable company limited by guarantee which was incorporated on 7 February 2011. The charity
was transfèrred from an vnincorporaléd charity on 1 August 2011. The company was gslsblishod undèr a Mgmorandum
of Association which established the objects and powers of the charitable company and is governed under its Articles of

The board of directors meets every six weeks with the directors reviewing a range of business from govemance,
organisation objectives, strategic direction. best practice, funding and a range of ongoing issues.
The truslees recognise there are financial challenges facing the arts sector, and our organisation, but have taken steps to
miligale against difficulties and to deal with cashflow issues in the Culturlann moving forward.
Recruitmen
and
Appointment
of
Management
Committee
The organisalion is governed by a board of directors (Irusteesl elected as part of the Annual General Meeting.
Responsibility for the recruitment of new trustees rests firmly with the existing Irustees. Culturlann McAdam O Fiaich seek
trustees with appropriate ski11s, knowledge or experience which they can bring lo the charity. When preparing to recruit
new Trustees, Culturlann McAdam O Fiaich seeks to increase or at least maintain the diversity of ils trustee board. The
trustees board uses a vaiiely of methods to recruit new trustees. These include, personal recommendation, word of mouth
and advertising to attract a wide range ol applicants.
CuKurlann NcAdam O Fiaich is commilled lo continuing ils mission of promoting the Irish language and the arts for the
achievement of its objectives.
Reference and Admlnlstratlv• detalls
See
reference
and
edminislrative
details
page
Key
management
Of f lee r
MrGarry
Events Manager.. B Fuscols Nic Colaim
Trustegs
The trustees who served throughout the financlal year. except as noted. were as follows..
E Nl Churraoin
A Nic Gearaill
G O Caireaiiain
M Nic Fhionnachl8igh
M Mhic Aibhislln
G Nlg Uldhlr (Reslgned 30 June 20231
p O Tiarnaigh (Resignèd 30 June 2023)
J Herron (Resigned 1 February 20241
In accordance with the Articles of Association, the directors retire by rolslion and, being eligible, offer Ihemselves for
re-eledion.
The secretary who served during the financial year was..
Grainne Ni Ghilin
Health and Safety
Fire safety risk assessments were carried out and new staff members received fire safely training. Safety requirements
were upheld.
Compliance with Se¢tor-Wide Legislation and Standards
The company engages pro-acb'vely with legislation, standards and codes which are developed lor Ihe sector. Cullurfann
McAdam O Fiaich subscribes lo and is compliant with the following=
The Companies Act 2006
Th& Charities SORP (FRS 102}

Volunteers
Cu￿VrIann McAdam O Fiaich is run on a day to day basis via paid Staff. However, due to the nature of the organisation
being established by Irish Language volunteers, the charity relies on unpaid volunteers to help with Ihe smooth running of
events via promotion, allendance and hands on help. This culture of volunteering is always encouraged by Culiut1ann
McAdam O Fiaich as we view the project as a citizèns, project. We are delighted to provide opportunities for those wilh an
interest in the arts and in the Irish language to develop their event a￿1 project skills.
Social Investment
Any social investments are made to further the charitys aims and objectives. This is through providing resources lo Irish
spaaking entities to help promola Ihe use of the Irish languago, including provision of the premises to certain Irish
Speaking businesses which is considered to be ancillary to the main purpose of Cultudann McAdam O Fiaich.
Going Concern
At the dale of approving the report and accounts we are not aware of any uncertainties aboul the charities ability to
continue as a goin9 cOn￿rn.
The Auditors
The auditors, Quarter Chartered Accountants have indicated their willingness to continue in offic8 in accordance with the
provisions of Section 485 of the Companies Act 2006.
Approved by the Board of Trustees on 17 Docfrmbor 2024 and signed on ils behalf by..
$lglreqlE Nl Churraoln
E Nl Churraoln
Trustee
slglreqiA Nlc Gearallt
A Nic Gearailt
Truslee

Culturlann McAdam O Fiaich
IA company limited by guarantee, not having a share capital)
STATEMENT OF TRUSTEES, RESPONSIBILITIES
for the financial year ended 31 March 2024
The trus16es. who are also diraclors of Cultudann McAdam O Fiaich for the purposas of company law, ar8 responsib16 for
preparing the financial statements in accordance with applicable law and regulations.
Company law requires the trus1ees as the directors lo prapare financial statements for aach financial year. Undar that law
the trustees have elected lo prepare the financial Statements in accordance with United Kingdom Generally Accepted
Accounting Practice (United Kingdom Accounting Standards and applicabl8 lawl including FRS 102 "The Financial
Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities), Under company law the
truste&s musl not approve thg financial stalgmenls unless they are satisfied that they give a true and fair view of Ihg State
of affairs of the company and of the surplus or deficit of the Gompany for that period.
In preparing these financial stalemenls, the trustees are required lo..
-ob$erve
tho
methods
and
prlnclples
the
Charlties
SORP
-make
judgemenls
and
a¢¢ounting
eslimales
thal
are
reasonable
and
prudent.,
-slate whether the financial statements have been prepared in accordance with applicable accounting standards,
identify those standards, and nole the effect and the reasons for any malerial departure from Ihose standards-, and
-pr&pare the financial statements on the golng concern basis unless il Is inappropriate to presume that the company
will continue in operation.
Th8 trustees ar8 responsibl8 for keeplng adequate accounting records that are sufflcl8nt lo show and 8xplain th8
company's transaclions and disclose with reasonable a¢¢ura¢y al any lime Ihe financial position of Ihe ¢ompany and
enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible for
saf8guarding lh8 ass8ts of the company and hence for taking re8sonab18 s18ps for th8 pr8vention ar)d d818clion of fraud
and other SrregularitSes.
far
the
trustees
are
aware;
-there is no r818vanl audit information linformalion needed by the company's auditor in connection with preparing th8
auditor's
report)
of
which
the
company's
auditor
unaware,
and
-the trustees have taken all the steps that they ought to have taken as trustees in order to make themselves aware of
any relevant audit information and lo establish that the company's auditor is awar8 of that infomiation.
Approved by the Board of Trustees on 17 December 2024 and signed on its behalf by:
siglreqlE Ni Churraoin
E Ni Churraoin
Trustee
siglreqlA Nic Gearailt
A Nl¢ Gearalll
Truslee

INDEPENDENT AUDITOR'S REPORT
to the Members of Culturlann McAdam O Fiaich
IA company Ilmllgd by guaranlee, not havlng a share capltall
Report on the audit of the financial statements
Opinion
We have audited the company financial statements of Culturlann McAdam O Fiaich ('the company'l for the financial year
ended 31 March 2024 which comprise the Stalement of Financial Activities, the Summary Income 2nd Expenditure
Account, the Balance Sheet and notes to ihe financial statements, including the summary of significant accounting
policies set out in note . The financial reporting framework that has been applied in their preparation is applicable law and
United Kingdom Accounting Standards, including FRS 102 'The Financial Reporting Standard applicable in the UK and
Republic of Ireland" applying Section 1A of that Standard and Accounting and Reporting by Charities-. Statement of
Recommended Practice applicable to charities pieparing their accounts in accordance with FRS 102.
In our opinion, whan reporting in accordancè wilh a fair presentation framework tha financial statemanls..
-give a true and fair view of the state of the company's affairs as al 31 March 2024 and of its deficit for the financial
-have been properly prepared In accordance wlth United Kingdom Generally Accepted Accounting Pract1￿. and
-have been prepared in accordance wilh the requirements of the Companies Act 2006.
Basls for oplnlon
We conducted our audit in accordance with International S18ndards Dn Auditing IUKI IISAS (UK)) and applicable law. Our
responsibilities under Ihose standards are furiher described in the Audilor's responsibililies for the audit of Ihe financial
statements section of our report. We are independent of the ccmpany in accordance with ethical requirements that are
relevant to our audil of the financial slalemenls in the UK, including the FRC'S Ethical Standard, and thè Provisions
Available for Audits of Small Entities, in the circumstances sel out in Note 4 to the financial slatemenls, and we have
fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we
have obtained is sufficient and appropriate to provide a basis for our opinion.
Concluslons relating to golng concern
In auditing the financial staternents, we have concluded that the trustees, use of the gaing concem basis of accounting in
the preparalion of the financial statomenls is appropriale.
Based on the work we have performed, we have not identified any material uncertainties relating to event5 or condition5
that. individually or collectively, may cast significant doubt on the company's ability lo continue as a going concem for a
period of al least twelve months from the dale when Ihe financial statements are aulhorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going con¢em are described in the relevant
sections of this report.
Other Informatlon
The other information comprises the information Sncludad In Ihe annual report other th8n tha financial slalamants and our
Audilorfs Report thereon. The trustees are responsible for the other information contained within the annual report, Our
opinion on the financial slaternenls does not cover Ihe other informalion and, except to the extent olherwise explicitly
staled in our report. we do not express any form of assurance conclusion thereon.
Our responsibility is to read the other infomiation and, in doing so, consider whether the other information is Materially
inconsislent wilh the financial slalemenls or our knowledge obtained in the course of the audit, or otherwise appears lo be
materially misstated. If we identify such material Inconsistencies or apparent material misstatements, we are required to
delermine whether this gives rise to 8 material misstatemenl in the financial statements themselves. If. based on the work
we have performed, we conclude that there is a material misstatement of this other inft)rmation, we are required to report
Ihal fact. We have nothing lo report in this regard.
Oplnlon on other matter prescrlbed by the Companles Act 2006
In our opinion, based on the work undertaken in the course of Ihe audit:
the information given in the Trustee5' Annual Report for the financial year for which the financial statements are

prepared is consistenl with the financial statements- and
the Truslaas, Annual Report has bean prapared in accordance with applicable lagal r&quiremants.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in Ihe course of the audit,
we have nol identified material misstalemenls in the Trustees, Annual Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you
in our opinion..
adequate accounting records have not been kept; or
the financial statements are not in agreement with the accounting records and returns: or
certain disclosures of trustees. remuneralion specified by law are not made., or
the trustees were not entitl8d to prepare th8 financial statemenls in accordanc8 With th8 small companies regime and
take advantage of the small companie5, exemption in preparing the Trustees, Annual Report.
Responsibilities of trustees for the financial stalements
As explained more fully in the Slatemenl of Trustees, Responsibilities s81 out on page 8, the trustees are r8sponsible for
the preparation of the financlal statemenls and for belng salisfied thal they give a true and fair vlew, and for such internal
control as they deleminè is necessary to enable the preparalion of financial slalemènts that are free from malerial
misstatement, whether due lo fraud or error.
In preparlng the financial slalements, thè trustees are responsible for assessing the company's abillty to contlnu6 as a
going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of
accounting unless managem8nl 8ilh8r in18nds lo liquidate the company or to cease op8rations, or has no r8alistic
altemative bul to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are lo obtain reasonable 8ssurance about whether the financial statemen15 8s a whole are free from
material misstatement, whether due lo fraud or error, and to issue an Auditor's Report that includes our opinion.
Reasonable assurance is a high level of assurance, but is not a gu8ranlee that an audit conducted in accordance with
ISAS (UK) will always delect a material misstatement when it exists. Misstalements can arise from fraud or error and are
considered material il, individually 01 in the aggregate, they could reasonably be expecte¢J lo influence the economic
decisions of users taken on the basis of these financial statements.
Irregularilies, including fraud, are instances of non-compliance with laws and règulations. We design procèdures in line
with our responsibilities, outlined above. to deleGI material misstatements in respect ol irregularities, including fraud. The
exlent lo which our procedures are capable of d818cling irregularities, including fraud is detsile¢J below..
management
Identifying, evaluating and complying with laws and regulations and whether they are aware of any instances of
n o n
Detecting and responding to risks of fraud and whether thay have knowledga of any actual, suspected of allegad fraud.
Discussing among the engagement team as lo how and where fraud might occur in the Financial Slalements including
usual
journal
entires,
complex
transactions
etc.
Obtaining an understanding of the legal and regulatory framework the company operales in and focusing on those that
have a direct effecl on the financial slatements.
Further informalion regarding Ihe scope of our responsibililies as auditor
As parl of an audit in accordance wilh ISAS {UK}, we exercise professional judgement and maintain professional
scepticism Ihroughoul the audiL We also-
Identify and assess the risks of material missl8temgnt ol the , wh8ther due lo fraud or grror, design and perform audit
procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basi5 for
our opinion. The risk of not detecting a material misstatement resulting from fraud is higher Ihan for one resulting from
error, as fraud may involve collusion, forgery, intentlonal omissions, misrepresentations, or the override of internal
control.
Obtain an understanding of internal conlrol relevanl to the audit in order to design audit procedures that are appropriate
In Ihe circumstances, bul not for Ihe purpose of expressing an opinion on the effectiveness of the Gompany's Inlernal
control.
Evaluate the appropriateness of accounting policies used and Ihe reasonableness of accounting estimates and related

disclosures made by trustees.
Conclud& on the appropriataness of the truslaes, use of the going concern basis of accounting and, basad on tha audit
evidence obtained. whether a material uncertainty exists related to events or conditions that may cast significant doubt
on the company's ability lo continue as a going concern. If we conclude that a material uncertainty exists, we are
required to draw attention in our Auditor's Report lo the related disclosures in the financial stateTnents or, if such
disclosuras are inadequate. 10 modify our opinion. Our conclusions ar& based on the audit avidenc6 obtained up lo the
date of our Auditorfs Report. However, future events or conditions may cause the the company to cease to continue as
a going concern.
Evaluale the overall presentation. structure and content of the financial statements. including the disclosures. and
whether the financial slalements represent the underlying transaclions and events in a manner that achieves fair
presentation.
We communicate with those charged with governance regarding, among other malters, the planned scope and timing of
the audit and significant audit findings. including any significant deficiencies in intemal control that we identify during our
audit.
The purpose of our audlt work and to whom we owe our responslbllllles
This report is made solely lo the company's members, as a body, in accordance with Chapter 3 of Part 16 of the
Companies Act 2006. Our audit work has be8n undertak8n so that we might slate lo the company's members those
matters we are requlred to state to them In an audilols rep)rt and for no other purpose. To the fullest extent permltted by
law, we do not accept or assume responsibility lo anyone other than the company and the company's members as a
body, for our audit work, for this report, or for the opinions we have fomied.
Ciaran Mccavana (Senior Statutory Auditor)
for and on behalf of
QUARTER CHARTERED ACCOUNTANTS
Statutory Auditors
St Anne's Hous8
15 Church Street
Calhedral Quarter
Belfast
BT11PG
17 Decomb•r 2024

Culturlann McAdam O Fiaich
IA company limited by guarantee, not having a share capital)
STATEMENT OF FINANCIAL ACTIVITIES
for the financial year ended 31 March 2024
Unrestricted Restricled Endowment Total Unrestricted Restricted Endowment Total
Funds
Funds
Funds Funds
Funds
Funds
Funds Funds
2024
2024
2024 2024
2023
2023
2023 2023
Notes
Income
Donations
and legacies
Charitable
activitiés
Grants
from
governments 5.2
gnd other
co-lund8rs
61,240
61,240
24,750
30,886
463,797
494,683
34,139
528,063
56:
Tolal
income
92,126
463,797
555,923
58,889
528,063
581
Expenditure
Charltsble actlvitles 6.1
66,741
522,535
17,970
607,246
66,277
578,193
18,139
Net
incomell8xponditur81
bolore oxceptional
Items
Exceptional items
25,385
(58,738)
117,970
{51,323
17.3881
150.1301
118,1391
(28,125
{28,1251
Net
Incomellexpendlture)
after exceptlonal
items
(2,7401
(58,738)
117,970
{79,448}
{7,388)
(50,130)
{18.1391
Transfers bgtwegn
funds
Net movement in
funds for the
financial year
(2,7401
(58,738)
117,970
{79,448
{7,388)
(50,130)
(18.1391
Reconciliation of funds-
Total
funds
beginning 18
of the
107,052
78,580
715.621
901,253
114,440
128.710
733.760
976.91
year
Tolal
funds at

the end
of Ihe
year
104,312
19,842
697,651
821,805
107,052
78,580
715,621
901,25
The Statement of Financial Actwilies includes all gains and1055es recogni5ed in the financial year.
All income 8nd expenditure relate lo continuing activities.

Culturlann McAdam O Fiaich
IA company limited by guarantee, not having a share capital)
SUMMARY INCOME AND EXPENDITURE ACCOUNT
for the financial year ended 31 March 2024
Statement of
2024
2023
Flnanclal Actlvltles
Gross Income
Unrestricted funds
92,126
463,797
Restricled funds
555,923
586,952
Tolal Income
Tolal expenditure
555.923
(607,2461
586,952
{662,6091
151,3231
128,1251
175,6571
Exceptional items
Net Incomel(expendlture)
179,4481
(75,6571
The comp8ny has no recognised gains or losses other than the results and cash flows for the financial year. The results
for the financial year have been calculaled on Ihe hislorical cost basis.

Culturlann McAdam O Fiaich
IA company limited by guarantee, not having a share capital)
Company NumbÈr= N1606060
BALANCE SHEET
as al 31 March 2024
2024
2023
Notes
Fixed Assets
Tangible assets
12
865.382
890,875
Current Assets
Debtors
13
29,336
1,803
77,296
4,403
Cash al bank and in hand
31,139
81,699
Cr•ditors: Amounts falling duo within
ono year
14
161,625)
148.0471
Net Current ILiabiliti88llA580t8
130,486)
33,652
Tolal Assets less Current Liabilities
834,896
924,527
Creditors
Amunls falling due after more than one
year
15
113,091)
123,274)
Tolal Net Assets
821,805
901,253
Funds
Endowment funds
697,651
715,621
Income funds:
17
Restricted trust funds
General fund lunrestricl8d}
19,842
104,312
78,580
107,052
Tolal funds
18
821,805
901,253
These financial statements have been prepared in accordance with the Special provisions relating to small companies
within Part 15 of th8 Companies Act 2006.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the
small companies, regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and
Republic of Ireland" applying Section 1 A of that Standard.
Approved by the Board of Trustees and authorlsed for Issue on 17 December 2024 and slgned on Ils behalf by
siglreqlE Ni Churraoin

E Ni ChurraDin
Truslee
siglreqlA Nic Gearailt
A Nic Gearaill
Trustoe

Culturlann McAdam O Fiaich
IA company limited by guarantee. not having a share capital)
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2024
GENERAL INFORMATION
Culturlann McAdam O Fiaich is a company limited by guarantee. The registered office of the company is 216 Bothar
na bhFai, An Chealhru Ghaellachta, Béal Feirsle, BT12 6AH which is also the principal place of business of the
company The financial slalements have been presented in Pound {£) which is also the functional currency of the
company.
SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES
Th8 following accounting policies hav8 been applied consistently in dealing with
items which are Considered material In relation to the oharftys financSal slalemenls.
Basis of proparation
The financial statements have been prepared on the going concern basis under
thè hislorical cost convention, modifièd lo includ8 certain it8ms at fair valu@. Th8
financial stat8menls have been prepared in accordance with the Statement of
Recornmended Practice ISORPI "Accounting and Reporling by Charities
preparing their accounts in accordance with the Financial Reporting Standard
applic8ble in the UK and Republic of Ireland FRS 102,, applying Section 1A ol that
Standard. As permitted by th8 Companies Act 2006. the company has varied th8
slandard formals in thal act for the Slalement of Financial Aclivities and the
Balance Sheet. Departures from the standard formats are lo comply with the
requirements of the Charities SORP and ar8 in compliance with section 4.T, 10.6
and 1 S.2 of that SORP.
Statement of compliance
The financial statements of the company for the financi81 year ended 31 March
2022 have been prepared on Ihe golng concern basls and In accordance wlth the
statement of Recommended Praclice ISORP} "Accounting and Reporting by
Charilies preparing their accounts in accordance wilh the Financial Reporting
Standard applicable in the UK and Republic of Ireland FRS 102 applying Section
1A of that Standard
Fund accounting
The following are the categorises of funds maintained:
Restricted funds
Restricted funds represent income received which can only be used for particular
purposes, as specified by the donors. Such purposes are within the overall
objectives of the cuinpany.
Unrestrlcted funds
Unrestricted funds
consist
of General and Designated funds.
General funds represent amounts which are expendable al the discretion of the
board,
furthera nce
of the
objectives
of the
company.
Designated funds comprise unrestricted funds that the board has, at its
discretion, set aside for particular purposes. These designations have an
administrative purpose only, and do not legally restrict the trK)ard's discretion lo
apply the fund.

Income
Voluntsry income or capital is included in the Statement of Financial Activities
when the company is 18gally entitled to it, ils financial value can b& quanlifiecj with
reasonable certainty and there is reasonable certainty of ils ultimate receipt.
Entitlement to legacies is considered established when the company has been
notified of a distribution to be made by the executors. Income received in advance
of due performance under a contract is accounted for as deferred income until
earned. Grants for activities are recognised as income when the related conditions
for legal enlitlemenl have been met. All other income is accounted for on an
accruals basis.
Tanglble flxed assets and
depreciation
Tangible fixed assets are slated at cost or at valuation, less accumulated
depreaalion. The charge lo depreciation is calculated lo write off the original cost
or valuation of tangible fixed assets, less their estimated residual value, over their
expected useful lives as follows:
Land and buildings freehold
Flxtures, fSttings and equipment
Art Worf<
20A Straight line
250/0 Redudng balance
00
Artwork has not boen daprgclated as trusleas bolievo tha artwork has a high
residiual value, and therefore depreciation is not required to be charged in
accordance with SORP {FRS 1021.
D•blors
Debtors are rerognised at the settlement amount due after any discount offered.
Prepayments are valued at the amount prepaid nel of any Irdde discounts due.
Income recognised by the the company from government agencies and other
co-funders, bul not yet received al year end, is included in debtors.
Cash at bank and In hand
Cash al bank and in hand ¢omprSs8s cash on deposS1 at banks requlring less than
three rnonths notice of wilhdraw81.
Taxatlon
Tho charlty has oblalncd charltablc status trom HM Rovcnuo and Cuslomes and
its charity number from HM Revenue and Customs 15 XR29504.
Penslons
The cc*npany operates a defined contribution pension scheme for employees. The
assets of the scheme are held separately from those of the company. Annual
contributions payable lo the coThpany's pension scheme are charged to thè
income and expenditure account in the period to which they relate
LIABILITY LIMITATION AGREENENT
The limitation ol tha firm's liability fDr this engagement, which is capped at five times the amount of professional fees
actually paid. is reference in the letter of engagement dated 08 July 2024. This was approved on 08 July 2024.
PROVISIONS AVAILABLE FOR AUDITS OF SMALL ENTITIES
In common wilh many other charitable companies of our siz8 and nalure, we use our auditors to assist with the
preparation of the financial statements.

INCOME
DONATIONS AND LEGACIES
Unrestricted
Restricted
2024
2023
Funds
Funds
Donations and legacies
61,240
61,240
24,750
5.2 CHARITABLE ACTIVITIES
Unrestrlcled
Restrlcled
2024
2023
Funds
Funds
Grants from govemments and other
co.funders:
Charitable activities
30,886
463,797
494,683
562,202
EXPENDITURE
CHARITABLE ACTIVITIES
Dlrect
other
Support
Costs
2024
2023
Costs
Costs
Charitable activities
607,246
607.246
662,609
SUPPORT COSTS
Charitabl8
2024
2023
Activities
Bank Charge5
Audit Faes
Salaries, wages and related costs
Legal and other professional fees
Advertising & Promolion
General Office
Project & Events Costs
Deprecialion
3,650
8,480
314,338
4.881
8,672
148,357
78.394
40,474
3,650
8,480
314,338
4,881
8.672
148,357
78,394
40,474
5,619
11,535
332,401
3,720
19.630
166,955
79,598
43,151
607,246
607,246
662,609
ANALYSIS OF SUPPORT COSTS
2024
2023
Bank Charges
Audit Fees
3,650
8,480
314.338
4,881
8,672
148,357
78,394
40.474
5,619
11,535
332,401
3,720
19,630
166,955
79,598
43,151
Salaries, wages and related CDSts
Legal and olher professional fees
Adveriising & Promotion
General Office
Project & Events Costs
Deprecialion

607,246
662,609
NET INCOME
2024
2023
Net Income Is stated afler charglngl{credltlng):
Depreciation of tangible assets
Auditor's remuneration..
40.474
43,151
audit services
8,480
11,535
INTEREST PAYABLE AND SIMILAR CHARGES
2024
2023
On bank loans and overdrafts
717
964
10. EMPLOYEES AND REMUNERATION
Numb8r of employees
The average number of persons employed lincluding executive trustees) during the financial year was as follows..
2024
2023
Number
Number
Total number of employees
12
14
Tlie staff costs Gomprise..
2024
2023
Wages and salaries
Social security Costs
Pension costs
263,910
18,196
32.232
277,046
26,019
29,336
314,338
332,401
11. EMPLOYEE BENEFITS
There are no employees who received employee benefits excluding employer pension costs, of more than £60,000
fo r
The total
employee benefit of key
management personnel £117,371 12023.. £119,585).
The charity trustees were not paid nor received any other beiiefits for the reporting period {2023." £nil)-
12. TANGIBLE FIXED ASSETS
Land and
Flxtures,
buildings fittings and
freehold equipment
Art Work
Tolal
Cost
At 1 April 2023
873.198
265,442
31,120
1,169,760

Additions
14,981
14,981
At 31 March 2024
873.198
280,423
31,120
1,184,741
Depreciation
At 1 April 2023
Charge for the financial year
90,504
17.464
188,381
23.010
278,885
40,474
At 31 March 2024
107,968
211,391
319,359
Net book value
Al 31 March 2024
765.230
69,032
31.120
865.382
At 31 March 2023
782,694
77,061
31.120
890,875
1. Debentur8 dated 22 F8bruary 2012 b8tW88n Culturlann McAdaffl O Fiaich and Department of Social
2. Cullurlann McAdam O Fiaich provid8d a charg8, containing a nogalive pledge, on 9th March 2018 to the
Department for Communities over {11 part of lands in Folio AN177031 County Anlrim included within the map
attached to a transfer dal&d 9th March 2018 made belween Springfield Charitable Developments Ltd and
Culturlann McAdam O Fiaich and 12} the lands in Folio AN183059L County Antrim.
3. Cullurlann McAdam O Fiaich provided a charge, containing a negative pledge, on 9th March 2018 to An Ciste
Inffteistiochta Gaellge over the premlses situate at and known as Cultut1ann McAdam O Fiaich, 216 Falls Road and
2 Fallswater Street, Belfast. County Antrim comprisiro.. 111 the part of lands in Folio AN177031 included within the
map allaGhed lo a transfer dated 9th March 2018 made between Springfield Charitable Developments Ltd and
Culturlann McAdam O Fiaich and 12} the lands in Folio AN183059L County Antrim.
4. Cullurlann McAdam O Fi8ich provided a charge, containing a neg81ive pledge, on 31st March 2021 to the
Departmcnl of Communi1es ovcr 'the lands and promises comprisod in folio AN177031 L contains n¢gative pledgc.
The land and premises comprised in Folio AN177031 County Antrim being property at 216 Falls Road,
13.
DEBTORS
2024
2023
Trade debtors
Other debtors
19,645
3,823
41,472
28,125
1,831
5,868
Taxation and social security costs
Prepayments and accrued incom
5.868
29.336
77,296
14.
CREDITORS
2024
2023
Amounts falling due within one year
Bank overdrafts
6,729
10,183
26.263
S.487
3,421
9,542
8,447
9,932
21,685
Bank loan
Trade creditors
Taxation and social security costs
Other creditors
483
Accruals and deferred income
7,500

61,625
48,047
15.
CREDITORS
Amounts falllrbg due after more than one year
2024
2023
Bank loan
13,091
23,274
Repayable in one year or less, or on demand (Note 141
Repayable be￿een one and two years
Repayable between two and five years
16,912
10,440
2,651
18,379
10,183
13,091
30,003
41,653
16. PENSION COSTS- DEFINED CONTRIBUTION
The company operates 8 defined contribution pension scheme. The assets of the scheme are held separately from
those of the company In an Ind8P8ndenlly admlnisler@d fund. Penslon costs amounted to £32,232 12023
£29,336).
17.
RESERVES
2024
2023
Al the beginning of the year
Oeficil for the financial year
901,253
179,4481
97e,910
{75,657}
Al the end of the year
821,805
901,253
18. FUNDS
18.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestrlcted
Restrlcled Endowment
Total
Funds
Funds
Funds
Funds
At 1 April 2022
Movement during the financial year
114,440
17,388)
128.710
(50,1301
733,760
{18,139)
976,910
(75,657}
At 31 March 2023
10T,052
12.740)
T8,580
(58,7381
715,621
{17.970)
901,253
(79.448}
Movement during the financial year
At 31 March 2024
104,312
19.842
697,651
821,805
18.2
ANALYSIS OF MOVEMENTS
ON FUNDS
Balance
Income
Expendilure
Transfers
Balance
1 April
botweon
31 Mar¢h

2023
funds
2024
Endowmenl funds
DCAI Capital Funding
International Fund for Ireland
capital funding
DFC Capital Funding
An Cisle Infheisllochta Gaeilge
Capital Funding
586
264
322
539
242
297
441.631
10,626
431,005
272,865
6,838
266,027
715,621
17,970
697,651
Restricted funds
Arts Council Nl
Foras na Gaeilge
DFC
Other restricted funds
Belfast City Council
8,200
16,143
184,535
116.363
49,993
33,996
78,910
185,576
132,506
51.1SO
74,393
78,910
7,159
10,159
110,1591
9,002
3,681
54,237
78,580
463,797
522,635
19,842
Unre$tricted funds
Unreslricled General
107,052
92,126
94,866
104,312
Totsl funds
901,253
555,923
635,371
821,805
18.3
ANALYSIS OF NET ASSETS
BY FUND
Fixed
Current
Currant
Long-temi
Ilabllltles
Total
assels
assets
Ilabllltles
charity use
EndDwment capital
Permanent
697,651
697,651
Restricted INSI funds
7,159
25.513
{12.830
19,842
Unr&strict8d general funds
180,572
{1,1031
{42,066
(13,091)
104,312
865,382
24,410
(54,896
(13,091)
821,805
19. STATUS
The company is limited by guarantee not having a sharè capit81.
The
the
members
limited
Every member of the company undertakes lo contribute to Ihe assets of the company in the event of its being
wound up while Ihey are members. or within one year thereafter. for Ihe payment of the debls and liabililies of Ihe
company contracted before they ceased to be member5, and the costs. charges and expenses of winding up, and
for the adjustment of Ihè righls of the contributors among themselves, such amount as may bè required, not
exceeding £ 1.

20. POST-BALANCE SHEET EVENTS
There have bèen no significant èvents affecting the Charity sincè the yèar-end.
This document was delivered using electronic communications and authenticated in accordance with the
registrar's rules relatiiig to electronic fomi, authentication and manner of delivery under section 1072 of
tlie Coiiipaiiies Act 2006.