OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Cultúrlann McAdam Ó Fiaich

2025-03-31-accounts

|

7

Company Registration Number: Ni606060 Charity Number: 102145

Culttirlann McAdam O Fiaich Annual Report and Audited Financial Statements

for the financial year ended 31 March 2025

Quarter Chartered Accountants St Anne's House

15 Church Street Cathedral Quarter Belfast Antrim BT1 1PG

|[3]

| Culturlann McAdam O Fiaich (A company limited by guarantee, not having a share capital) CONTENTS

Page
Trustees' and Other Information 3
Trustees’ Annual! Report 4-7
Statement ofTrustees’ Responsibilities 8
Independent Auditor's Report 9-11
Statement of Financial Activities 12
Summary Income and Expenditure Account 13
Balance Sheet 44
NotestotheFinancialStatements 15-21

2

‘

1 i |

Cultdrlann McAdamO Fiaich (A company limited by guarantee, not having a share capital) TRUSTEES' AND OTHER INFORMATION

oo

Trustees Edel Ni Churraoin Aine Nic Gearailt Maire Nic Fhionnachtaigh Maire Mhic Aibhistin Pdl O Néill (Appointed 19 May 2025) Geardid © Caireallain (Resigned 20 December 2024) Company Secretary Cénalt O Corra (Appointed 19 May 2025) Grainne Ni Ghilin (Resigned 19 May 2025) Charity Number in Northern Ireland 102145 Company Registration Number NI606060 Registered Office and Principal Address 216 Béthar na bhFal An Cheathru Ghaeltachta Béal Feirste BT12 6AH Auditors Quarter Chariered Accountants St Anne's House 15 Church Street Cathedral Quarter ; AntrimBelfast BT1 1PG Principal Bankers Bank of Ireland 202 Andersonstown Road Belfast Co. Antrim BT11 9EB Solicitors Gilmore Solicitors 50 Kennedy Way Belfast BT11 9AP

~ Solicitors

3

| | : .

Cultdrlann McAdam O Fiaich (A company Ilmited by guarantee, not having a share capital) TRUSTEES’ ANNUAL REPORT

_

for the financial year ended 31 March 2025

The trustees present their Trustees’ Annual Report, combining the Directors’ Report and Trustees’ Report, and the audited financial statements for the financial year ended 31 March 2025.

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 applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

The Trustees’ Report contains the information required to be provided in the Trustees’ Annual Report under the Statement of Recommended Practice (SORP) guldelines. The trustees of the company 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 Cultdrlann McAdam O Fiaich present a summary of its purpose, governance, activities, achievements and finances for the financial year 31 March 2025.

The company is a registered charity and hence the report and results are presented in a form which complies with the requirements of the Companies Act 2006.

Mission, Objectives and Strategy

Mission Statement Cultdrlann McAdam © Fiaich promotes the Irish language through the arts and culture, and promotes the arts and culture through the Irish Janguage.

Strategy

Strategic aims are the constant development of our tourism and artistic offering, including music, drama, literature, visual arts and dance with a focus on our specialist gallery and theatre spaces as well as community involvement in our productions, events and festival.

The key priorities are as follows: ;

The Cultdrlann has always been a pioneering organisation, the first of it's 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.

Review of Activities, Achievements and Performance

The company is established for the advancement of education and the promotion of the arts and Irish language culture among Irish speaking people and the general public in Belfast and its environs in \reland, and in particular:

In order to carry out these objectives Cultdrlann McAdam O Fiaich is constantly engaging with the community via our classes, online content, debates, discussion groups and working with young people at our theatre groups and our youth club. Also, Culturlann McAdam O Fiaich organises plays, concerts, literary events, dance performances, youth and family activities and dramas to the avail of the people of greater Belfast and the entire country.

S|

! :

7

Culturlann McAdam O Fiaich (A company limited by guarantee, not having a share capital) TRUSTEES' ANNUAL REPORT for the financial year ended 31 March 2025 Despite this being a hugely challenging time for the arts sector as a whole, Culturlann McAdam O Fiaich has continued to achieve its objectives in full and has increased audience and participation numbers in this period. Our classes are all at capacity and we are delighted to see an increase in those taking up the language. We have sought to increase our classes offering as we simply cannot meet demand for them. Our events have been well attended and we are delighted with the involvement of our community, especially younger people, in festivals such as Lid Lunasa and Fleadh Feirste.

The benefits that flow from this purpose are the increased awareness of the Irish language and culture and the opportunities to access education relating to Irish language and culture and to participate in activities through the medium of Irish or that promote Irish. Direct benefits include promotion of and enjoyment of the Irish language and literature and art in the area of benefit. These benefits are evidenced by the increasing number of patrons of our centre and participants in our activities and by feedback from participants at our events. Beneficiaries of our services are Irish speakers and learners and the general public in Ireland.

Financial Review

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 £440,471 of the total income of £542,901. Cultirlann McAdam O Fiaich is indebted to the continued support of these funding bodies to carry out its objectives and activities. The major funders in the 2024/25 financial year included Department for Communities, Arts Council Ni, Foras na Gaelige and Belfast City Council. Without this funding Culturlann McAdam O Fiaich would not be able to continue the promotion of Irish language and culture through the running of the centre and the events and activities held.

Financial Results

At the end of the financial year the company has assets of £888,900 (2024 - £896,521) and liabilities of £41,417 (2024 - £74,716). The net assets of the company have increased by £25,678.

Reserves Position and Policy

Reserves are needed to bridge the gap between spending and receiving of income, to cover unplanned emergency : repairs and other unforeseen expenditure. In the Trustee’s view, the reserves should provide the charity with adequate financial stability and the means for it to meet its charitable objectives for the foreseeable future.

The unrestricted reserves of Cultirlann McAdam © Fiaich as at 31st March 2025 were £129,923. Access to the unrestricted reserves would require the disposal of tangible fixed assets.

The charity has endowment reserves totalling £679,807. These were grants provided to purchase the premises, and other assets, utilised by Culturlann McAdam O Fiaich. These grants, specified the buildings should continue to be utilised by Cultirlann McAdam O Fiaich for a period of 10 years after the purchase.

The charity has restricted reserves totalling £37,753 at 31st March 2025.

The Trustees review the amount of reserves that are required to ensure they are adequate to fulfil the charity's continuing obligations at their regular finance meeting.

Principal Risks and Uncertainties

The organisation is a charitable company limited by guarantee which was incorporated on 7 February 2011. The charity was transferred from an unincorporated charity on 1 August 2011. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.

The board of directors meets every six weeks with the directors reviewing a range of business from governance, organisation objectives, strategic direction, best practice, funding and a range of ongoing issues.

The trustees recognise there are financial challenges facing the arts sector, and our organisation, but have taken steps to mitigate against difficulties and to deal with cashflow issues in the Culturlann moving forward.

Recruitment and Appointment of Management Committee

The organisation is governed by a board of directors (trustees) elected as part of the Annual General Meeting.

Responsibility for the recruitment of new trustees’ rests firmly with the existing trustees. Cultirlann McAdam O Fiaich seek trustees with appropriate skills, knowledge or experience which they can bring to the charity. When preparing to

5

5

|

: :

Culturlann McAdam O Fiaich (A company limited by guarantee, not having a share capltal) TRUSTEES' ANNUAL REPORT for the financial year ended 31 March 2025 recruit new Trustees, Culturlann McAdam 0 Fiaich seeks to increase or at least maintain the diversity of its trustee board. The trustees board uses a variety of methods to recruit new trustees. These include, personal recommendation, word of mouth and advertising to attract a wide range of applicants. Culturlann McAdam 0 Fiaich is committed to continuing its mission of promoting the Irish language and the arts for the achievement of its objectives. Reference and Administrative details See reference and administrative details on page 3. Key management personnel: Finance Officer: D McGarry Executive Director: C O Corra Events Manager: S © Luachrain

Trustees

The trustees who served throughout the financial year, except as noted, were as follows:

Edel Nf Churraoin Aine Nic Gearailt Maire Nic Fhionnachtaigh Maire Mhic Aibhistin Pd! O Néill (Appointed 19 May 2025) Geardid O Caireallain (Resigned 20 December 2024)

The secretaries who served during the financial year were:

Cénall O Corra (Appointed 19 May 2025) Grainne Nf Ghilin (Resigned 19 May 2025)

Health and Safety Fire safety risk assessments were carried out and new staff members received fire safety training. Safety requirements were upheld,

Compliance with Sector-Wide Legislation and Standards The company engages pro-actively with legislation, standards and codes which are developed for the sector. Culturlann McAdam O Fiaich subscribes to and is compliant with the following: - The Companies Act 2006 - The Charities SORP (FRS 102)

Volunteers

Culturann 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 !rish Language volunteers, the charity relies on unpaid volunteers to help with the -- smooth -running- of-events -via-promotion, attendance and-hands on- help. This culture of volunteering is always encouraged by Culturlann McAdam O Fiaich as we view the project as a citizens’ project. We are delighted to provide opportunities for those with an interest in the arts and in the Irish language to develop their event and project skills.

Social Investment

Any social investments are made to further the charity’s aims and objectives. This is through providing resources to lrish speaking entities to help promote the use of the Irish language, including provision of the premises to certain Irish speaking businesses which is considered to be ancillary to the main purpose of Cultdirlann McAdamO Fiaich.

. | :

Going Concern At the date of approving the report and accounts we are not aware of any uncertainties about the charities ability to continue as a going concern.

6

Cultdrlann McAdamO Fiaich {A company limited by guarantee, not having a share capital) TRUSTEES' ANNUAL REPORT

for the financial year ended 31 March 2025

The Auditors

The auditors, Quarter Chartered Accountants have indicated their willingness to continue in office in accordance with the provisions of Section 485 of the Companies Act 2006.

Approved by the Board of Trustees on 29 September 2025 and signed on its behalf by:

Edel NiLe Trustee BsnedhGatoull Aine Nic Gearail Trustee

LG

| | | | | | i | | : | ' i | |

. Cultdrlann McAdam0 Fiaich (A company Ilmited by guarantee, not having a share capital) STATEMENT OF TRUSTEES' RESPONSIBILITIES for the financial year ended 31 March 2025

The trustees, who are also directors of Culturlann McAdam © Fiaich for the purposes of company law, are responsible for preparing the financial statements in accordance with applicable law and regulations. Company law requires the trustees as the directors to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period.

in preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to snow and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006 and. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

Approved by the Board of Trustees on 29 September 2025 and signed on its behalf by:

Edel Ni Churraoin

_ Trustee - “ Aine Nic Gearailt Trustee

SAA

i

.

| ; | | | | | i ! | i ! : i

_

INDEPENDENT AUDITOR'S REPORT to the Members of Culturlann McAdam O Fiaich (A company Iimited by guarantee, not having a share capital) Report on the audit of the financial statements Opinion We have audited the company financial statements of Cultirlann McAdam O Fiaich (‘the company’) for the financial year ended 31 March 2025 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and notes to the financial statements, including the summary of significant accounting policies set out in note 2. 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 preparing their accounts in accordance with FRS 102.

Basis for opinion

We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and the Provisions Available for Audits of Small Entities, in the circumstances set out in Note 4 to the financial statements, 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.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from the date when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report other than the financia! statements and our Auditor's Report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. !f we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

9

|[.] . | INDEPENDENT AUDITOR'S REPORT | to the Members of Culttrlann McAdam O Fiaich | {A company limited by guarantee, not having a share capital) | 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 the course of the : audit, we have not identified material misstatements 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 if, in our opinion:

:

Responsibilities of trustees for the financial statements

As explained more fully in the Statement of Trustees’ Responsibilities set out on page 8, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to 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 guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

10

| i | i | i | i | i .

~

INDEPENDENT AUDITOR'S REPORT

to the Members of Cultdrlann McAdam O Fiaich (A company limited by guarantee, not having a share capital)

Further information regarding the scope of our responsibilitles as auditor

As part of an audit in accordance with |SAs (UK), we exercise professional Judgement and maintain professional scepticism throughout the audit. We also:

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal contro! that we identify during our audit.

The purpose of our audit work and to whom we owe our responsibilities

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to 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 formed.

(yee ______ Ciaran McCavana (Senior Statutory Auditor) for and on behalf of

QUARTER CHARTERED ACCOUNTANTS Statutory Auditors ~~$t Anne's House’ . cme 15 Church Street Cathedral Quarter Belfast Antrim BT1 1PG

29 September 2025

11

: | :

|

----- Start of picture text -----
Suan ° o o1/ae,ooN — | — 2 | N
eee 82 8 /8)/8 </aa]Sees<= t|e 6Sle| oS -
ys) wtQ || 2 DedQ,;ea;&= & clo8/8
a7) SGi;S 1 |/S
oeye 1 i t Ol = = N io
SiaE50 mRNyt| om NiS ~& Oo- | &1S
8 ~ 1Td = = ~ 13
c
uJ
BBs a 1 oNIRK Dp) O1,a t,o a|q
REN oD | @ | R NS iB | ©
BSS—a77) 9DS156 | 6Pap] loNWw | red iopoelo ataoeed o|oen
mo t+ | to
BQaa @);S 161d ie
gut Se g/Q s/s
xn ao] ~S/ ants ~ oO} 2
BES o}n tl aN | + NI 21s
3 ota wi
” io
gvec 6 8|8| S8/8sj©& {© bls
=)
BBow oe rl[ez mo] ot [ao 10 © | ©
essSEN &® A/S««<|o N151} | S6 Sis 3/26 /
aS 8 8/8 e/&& |& S 8/8
+ | 1D 9 | 00
~c Ww 1 1 1 = rt — t -
Sara oe NS S ~ | o
z =] |= = gis
3
<
uw
on LO Gt ' - o = = ’ = N bed ut
Sia hm | ole = = s+ | g
35s | = Bla | & So om] §
SuN o|so Ni é ol née a
g . 5©
Cc
fee" e
ess 3g s/s| 2/e'|s ‘|e [8] 2
SiN SX /S a/o | S 8/a] &
8 oo +}al SoA |co | 6N -t)N 16N a}218N 3&
P= ®
2 = Vz = 8
a Zz# ib (re) v 33
— B
=
7—. Bu
= >
e Z es
§ O 5 £ oe Ss
© £ £ oo $
50 @ =g 5© 78 =ge0 £E
of is}c ©c a£ m© SBaS &
<f0 &§ % s 2 38 Bs 3
22 % sa x 8 Si £8 ©
LLSst== 2 sy6 Srst2 Bsei 3. = . rso® =soge 2£
el s is] ke Fy a — =
O3ir co] is @ < 8 > mo SZ
s 5 a & 7 = g &2 xe
330ffuS30 oygz 2= =- = o 2.5Taww a 5° #88Oz 281 8

a5 e Oo z 222 22 & ES g\
=o &§ 83 § g65, § 2 2 £2 0 £8 g\
c&ésazeW §=> BSe—~3s8OoBe 20 6B2=8 $22$8&§ 5$& 89&§ £=#£6 88OEcP= §_es& is)€zoFR® 2.58
GSztul Cc Gono© } - wo®o as§€ 2E &o 3B= 8 62 L
& & fe 3 2 rr =o ¢ 5 Ee
Ra}= rf6 Ec cs”0 56 5= ra} 65S 3 p > ‘OG5 =}3 ge e
SEq ® sq! ef of 8 © Q 2 ps @
338 80 eo fece® =£€$§ og§ €cs £8£8 £€& G3§ w£ Of§2 =8 a8o = r2
Ofn §L £0 AGT6£0 F3 Wwx OS 2® ZF® f Zz‘o &FKe) (=) <=F<
----- End of picture text -----

| Culturlann McAdam O Fiaich | (A company limited by guarantee, not having a share capital) | SUMMARY INCOME AND EXPENDITURE ACCOUNT | for the financial year ended 31 March 2025 |

|

Statement of 2025 2024
Financia! Activities £ £
Gross income Unrestricted funds 102,430
Restricted funds 440,471
542,901 555,923
Total income 542,901 555,923
Total expenditure (517,223) (607,246)
25,678 (51,323)
Exceptional items - (28,125)
Netincome/({expenditure) 25,678 (79,448)

The company has no recognised gains or losses other than the surplus and cash flows for the financial year. The results for the financial year have been calculated on the historical! cost basis.

The notes on pages 15 to 21 form part of the financial statements

13

,

| | | ;

_ .

Culturlann McAdam O Fiaich

{A company limited by guarantee, not having a share capital) Company Number: NI606060 BALANCE SHEET

as at 31 March 2025

2025 2024
Notes £ £
Fixed Assets
Tangible assets 12 843,459 865,382
Current Assets
Debtors 13 25,109 29,336
Cash at bank and in hand 20,332 1,803
45,444 31,139
Creditors: Amounts falling due within one year 14 (38,767) (61,625)
Net CurrentAssets/(Liabilities) 6,674 (30,486)
Total Assets less Current Liabilities : 850,133 834,896
Creditors
Amounts falling due aftermore than one year 15 (2,650) (13,091)
Total NetAssets 847,483 821,805
Funds
Endowmentfunds 679,807 697,651
Income funds: 17
Restricted trust funds 37,753 19,842
General fund (unrestricted) 129,923 104,312
Totalfunds 18 847,483 821,805

These financial statements have been prepared in accordance with the special provisions relating to smal! companies within Part 15 of the 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 1A of that Standard.

_... Approved by the Board of Trustees.and authorised for issue on 29. September 2025 and signed on its_behalf by

----- Start of picture text -----
Z_yEdel Ni Churraoin Chuan
Trustee
----- End of picture text -----

Aine Nic Gearai Trustee

The notes on pages 15 to 21 form part of the financial statements

14

|

| | ; : : :

“- woes

Culturlann McAdam O Fiaich (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2025

  1. GENERAL INFORMATION

Cultirlann McAdam 0 Fiaich is a company limited by guarantee. The registered office of the company is 216 Bothar na bhFaél, An Cheathrad Ghaeltachta, Béal Feirste, BT12 6AH which is also the principal place of business of the company The financial statements have been presented in Pound (£) which is also the functiona! currency of the company.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity’s financial statements.

Basis of preparation

The financial statements have been prepared on the going concern basis under the historica! cost convention, modified to include certain items at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) "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 varied the standard formats in that act for the Statement of Financial Activities and the Balance Sheet. Departures from the standard formats are to comply with the requirements of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP.

Statement of compliance

The financial statements of the company for the financial year ended 31 March 2025 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of lreland 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 company.

Unrestricted funds

Unrestricted funds consist of General and Designated funds.

Income

Voluntary income or capital is included in the Statement of Financial Activities when the company is legally entitled to it, its financial value can be quantified with reasonable certainty and there is reasonable certainty of its 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 entitlement have been met. All other income is accounted for on an accruals basis.

15

continued

Cultarlann McAdam O. Fiaich (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2025

;

a ee

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or at valuation, 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 expected useful lives as follows:

Land and buildings freehold -~ 2% Straight line Fixtures, fittings and equipment - 25% Reducing balance Art Work “ 0%

Artwork has not been depreciated as trustees believe the artwork has a high residiual value, and therefore depreciation is not required to be charged in accordance with SORP (FRS 102).

Debtors

Debtors are recognised at the settiement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Income recognised by the the company from government agencies and other co-funders, 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.

Taxation

The charity has obtained charitable status from HM Revenue and Customes and its charity number from HM Revenue and Customs is XR29504.

Pensions . , The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. Annual contributions payable to the company's pension scheme are charged to the income and expenditure account in the period to which they relate

LIABILITY LIMITATION AGREEMENT

The limitation of the firm's liability for this engagement, which is capped at five times the amount of professional fees actually paid, is reference in the ‘etter of engagement dated 08 July 2025. This was approved on 08 July 2025,

A. PROVISIONS AVAILABLE FOR AUDITS OF SMALL ENTITIES

Incommon
with many other charitablecompaniesofour size and
the preparation ofthe financial statements.		 Incommon
with many other charitablecompaniesofour size and
the preparation ofthe financial statements.		 Incommon
with many other charitablecompaniesofour size and
the preparation ofthe financial statements.		 nature,we use ourauditors to assistwith ourauditors to assistwith
5. INCOME
5.1 DONATIONSAND LEGACIES Unrestricted Restricted 2025 2024
Funds Funds
gE £ £ £
Donations and legacies 59,690 - 59,690 61,240
5.2 CHARITABLE ACTIVITIES Unrestricted Restricted 2025 2024
Funds Funds
£ £ £ £
Grants from governments and other co-funders:
Charitable activities 42,740 440,471 483,211 494,683
6. EXPENDITURE
6.1 CHARITABLE ACTIVITIES Direct
Costs		 Other
Costs		 Support
Costs		 2025 2024
£ £ £ £ £
Charitable activities - “ 517,223 517,223 607,246
16

|

continued

| :

:

~ “Oo

. Cultdrlann McAdam O Fiaich (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2025

6.2 SUPPORTCOSTS Charitable 2025 2024
Activities
£ £ £
Bank Charges 4,615 4,615 3,650
Audit Fees 7,741 7,741 8,480
Salaries, wages and related costs 252,143 252,143 314,338
Legal and other professional fees 12,174 12,174 4,881
Advertising & Promotion 1,861 1,861 8,672
General Office 140,058 140,058 148,357
Project & Events Costs 59,642 59,642 78,394
Depreciation 38,989 38,989 40,474
517,223 517,223 607,246
7. ANALYSIS OF SUPPORT COSTS
2025 2024
£ £
Bank Charges 4,615 3,650
Audit Fees 7,741 8,480
Salaries, wages and related costs 252,143 314,338
Lega! and other professional fees 12,174 4,881
Advertising & Promotion 1,861 8,672
General Office 140,058 148,357
Project& Events Costs 59,642 78,394
Depreciation 38,989 40,474
517,223 607,246
8. NET INCOME 2025 2024
£ £
Net Income is stated after charging/{crediting):
Depreciation oftangible assets 38,989 40,474
Auditor's remuneration:
- audit services 7,741 8,480
“Oo INTEREST PAYABLE AND SIMILAR CHARGES ~
2025		 2024
£ £
Onbankloansandoverdrafts 466 717

17

continued

| | } : .

Cultdrlann McAdam O Fiaich (A company limited by guarantee, not having a share capital} NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 10. EMPLOYEES AND REMUNERATION

Number of employees The average number of persons employed (including executive trustees) during the financial year was as follows:

follows:
2025 2024
Number Number
Total numberofemployees 10 12
The staffcosts comprise: 2025 2024
£ £
Wages and salaries 215,083 263,910
Social security costs 13,325 18,196
Pension costs . 23,735 32,232
252,143 314,338
  1. EMPLOYEE BENEFITS

There are no employees who received employee benefits excluding employer pension costs, of more than £60,000 for the reporting period.

The total employee benefit of key management personnel £81,579 (2024: £117,371).

The charity trustees were not paid nor received any other benefits for the reporting period (2024: £nil).

12. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
Land and
Fixtures,
buildings _ fittings and		 ArtWork Total
freehold equipment
£ £ £ £
Cost
At 1 April 2024 873,198 280,423 31,120 1,184,741
Additions - 17,066 - 17,066
At 31 March 2025 873,198 297,489 31,120 1,201,807
Depreciation
At1 April 2024 107,968 211,391 - 319,359
Charge forthe financial year 17,464 21,525 - 38,989
At 31 March 2025 125,432 232,916 - 358,348
Net book value
At 31 March 2025 747,766 64,573 31,120 843,459
At31March2024 765,230 69,032 31,120 865,382

Charges

  1. Debenture dated 22 February 2012 between Culturlann McAdam O Fiaich and Department of Social Development.

  2. Culturlann McAdam O Fiaich provided a charge, containing a negative pledge, on 9th March 2018 to the Department for Communities over {1) part of lands in Folio AN177031 County Anirim included within the map attached to a transfer dated 9th March 2018 made between Springfield Charitable Developments Ltd and Culturlann McAdam 0 Fiaich and (2) the lands in Folio AN183059L County Antrim. 3. Culturiann McAdam O Fiaich provided a charge, containing a negative pledge, on 9th March 2018 to An ET

| | i | i | | : : .

continued

|

. Cultdrlann (A company Ilmlited McAdby gu a rantee,m O Fiaichnot having a share capital) NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2025 Ciste Infheistiochta Gaelige over the premises situate at and known as Culturlann McAdam O Fiaich, 216 Falls Road and 2 Fallswater Street, Belfast, County Antrim comprising: ~ (1) the part of lands in Folio AN177031 included within the map attached to a transfer dated 9th March 2018 made between Springfield Charitable Developments Ltd and Culturlann McAdam O Fiaich and (2) the lands in Folio AN183059L County Antrim.

  1. Culturlann McAdam O Fiaich provided a charge, containing a negative pledge, on 31st March 2021 to the Department of Communites over 'the lands and premises comprised in folio AN177031L contains negative pledge.’

The land and premises comprised in Folio AN177031 County Antrim being property at 216 Falls Road.

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |13.|DEBTORS|2025|2024| |£|£| |Trade|debtors|23,879|19,645| |Other|debtors|438|3,823| |Prepayments|and|accrued|income|792|5,868| |25,109|29,336| |14.|CREDITORS|2025|2024| |Amounts|falling|due|within|one|year|£|£| |Bank|overdrafts|>|6,729| |Bank|loan|10,440|10,183| |Trade|creditors|156|26,263| |Taxation|and|social|security|costs|"|5,487| |Other|creditors|20,382|3,421| |Accruals|and|deferred|income|7,789|9,542| |38,767|61,625| |15.|CREDITORS|2025|2024| |Amounts|falling|due|after more|than|one|year|£|£| |Bank|loan|2,650|13,091| |-|Repayablein|one year or|less,|or on|demand|(Note|14)|10,440|16,912| |Repayable|between|one|and|two years|2,650|10,440| |Repayable|between|two|and|five|years|~|2,651| |13,090|30,003|

----- End of picture text -----

; -

16. PENSION COSTS - DEFINED CONTRIBUTION

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Pension costs amounted to £23,735 (2024 - £32,232).

  1. RESERVES

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |2025|2024| |£|£| |At the|beginning|of the|year|821,805|901,253| |Surplus/{Deficit)|for the|financial|year|25,678|(79,448)| |At the|end|of the|year|847,483|821,805|

----- End of picture text -----

19

| | | | | | : | |

continued

;

continued
.
Culturlann McAdam O Fiaich
{Acompanylimitedbyguarantee, nothavingasharecapital)
NOTES TO THE FINANCIAL STATEMENTS
forthe financial yearended 31 March 2025
18. FUNDS
18.1 RECONCILIATIONOFMOVEMENT INFUNDS Unrestricted Restricted Endowment Total
Funds Funds Funds Funds
£ £ £ £
At 1 April 2023
Movement during the financialyear		 107,052
(2,740)
—		 78,580
715,621
(58,738)
(17,970)
eee		 901,253
(79,448)
—
At31 March 2024 104,312 19,842 697,651 821,805
Movement during the financial year 25,611 17,911 (17,844) 25,678
At31 March 2025 129,923 37,753 679,807 847,483
.
18.2 ANALYSIS OFMOVEMENTSON FUNDS
Balance Income Expenditure Transfers Balance
1 April between 31 March
2024 funds 2025
£ £ £ £ £
Endowment funds
DCA! Capital Funding 322 - 498 - 124
International Fund for ireland 297 - 182 - 115
capital funding
DFC Capital Funding 431,005 - 10,626 - 420,379
An Ciste Infheistfochta Gaeilge 266,027 - 6,838 - 259,189
Capital Funding
697,651 - 17,844 - 679,807
:
Restricted funds
Arts Council Ni 7,159 176,660 176,200 - 7,619
Foras na Gaeilge - 120,005 114,712 - 5,293
DFC 9,002 68,975 53,136 - 24,841
Other restricted funds 3,681 1,624 5,305 - -
Belfast City Council - 73,207 73,207 - -
19,842 440,471 422,560 - 37,753
Unrestricted funds
Unrestricted General 104,312 102,430 76,819 - 129,923
Total funds 821,805 542,901 517,223 - 847,483
18.3. ANALYSIS OF NET ASSETS BY FUND
Fixed Current Current Long-term Total
assets assets liabilities liabilities
- charity use
£ £ £ £ £
Endowment capital
Permanent 679,807 - - - 679,807
Restricted trustfunds 18,169 23,879 (4,295) - 37,753
Unrestricted general funds 145,483 21,562 (34,472) (2,650) 429,923
843,459 45,441 (38,767) (2,650) 847,483

20

|

continued

|

Cultdrlann McAdam O. Fiaich

{A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025

19. STATUS

The company is limited by guarantee not having a share capital.

The liability of the members is limited.

Every member of the company undertakes to contribute to 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 be 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.

20. POST-BALANCE SHEET EVENTS

There have been no significant events affecting the Charity since the year-end.

21