Registration number N1626526 Charity number: NIC 102427 Pobal Mhuileann an tsiain (Company limited by guarantee) Dlrectors, report and financial statements for the year ended 31 March 2024
Pobal Mhuileann tsiain Company limited by guarantee Contents Pago liiforniatioi) Directors, report Independent Exaininers Report Statenicnt of finaiicial Activities Balanc¢ sh¢¢t Notes to the fiiiaiicial statements 8-11
Pobal Mhuileann an tsiain Company limited by guarantee Company information Directors Risteard MacDaibheid Oilibhear MacTaidgh Antaine O'Feargliail Maire Ui Pheatain Mfcheai O FIaoiain Secrelary Maire Ui Plieatain Charity number NIC 102427 N100484 Company iiumber N1626526 Registered office l Daisy Park Sion Mills Strabane BT82 9QD Accountants M¢Groarty Mccafferty & Company Ltd Accountants & Consultants 2 Carlisle Terrace Derry BT48 6JX Business address l Daisy Park Sion Mills Strabaiie BT82 9QD Bankers Bank ofireland 27 Culmore Road Derry BT48 8JB Page I
Pobal Mhuileann an tsiain Company limited by guarantee Directors, report ror the year ended 31 March 2024 The directors present their report and the financial statements of the company for the year ended 31 March 2024. Dlrectors Tlie directors who served the company during the year are as follows: Risteard MacDaiblieid Oilibhear MacTaidgh Mlchael O Haolain Antaine O'Fearghail Maire Ui Pheatain Our Objective and Aims To promote educational achicvements tlirough the medium of the Irish language and to run an extensive programme of Irisli classes Ccltering for all levels of proficiency, to organise cultural events including local festivals, music events and dranias in Irish and to encourage participation froin both sides of the Communily and from a wide range ofellinic and class bllckgrounds. Public Benefit The direct benefits flowing from the objective and aims include people attaining educational achicvements through the medium of tlie Irish language. The cliarity also carries out interviews to ass¢ss suitability for bursary grants on behalf of Omagli District Council. provide GCSE, AS and A2 level Irish language courses for students; providc classcs for parents of tliose cliildren attending Irisli medium schools. organising trips for adults to the Irish Gaeltacht region. fr¢e podcasls providing introductory lessons in the Irish language on the website easyirish.com; organising cultural ¢v¢nts such as local f¢stivals including participating in the local annual St. Patrick's Day Parade, musical events and drainas iii Irish. Flnanclal Revlew The financial review is sumiiiarised in the enclosed accounls. Plans for Future Perlods Our future plans are to Continue to promote educational achievement through the Inedium of Irish and to continue to organise cultural events. Structure Covcrnanco and Management Governin Document The organisation is a charitable company limited by guarantee, incorporated on 5th September 2014 and r¢gi5ter¢d as a charity on 16th July 2015. The company was establislied under a Memorandum of Association which establislied Ilie objects and powers of the charitable coinpany and is govemed under its Articles of Association. Recruitment and A ointment of the Board of Directors Directors are appointed at the Annual General Meeting and hold offIce until the next AGM following their appointment. Page 2
Pobal Mhuileann an tsiain Company limited by guarantee Directors, report ror the year ended 31 March 2024 Obli ations of Ihc Boar Tlie main obligation of the Board is to develop and oversee the iinplementation of policy and to ensure that structures and managemeiit Comply witli legal requiremcnts and good governance practice. Risk Mana ement Tlie directors have assessed the major risks to which the cliarity is exposed, in particular those related to the operations and finaiices of tl)e organisation, and are satisfied that systems are in place to Initigate the exposure to tlie Inajor risks. Responsibllltlcs of the Board of Directors The directors are responsible for preparing the annual report and the financial statements in accordance with tlie applicable law and United Kingdom Generally A¢c¢pted Accountiiig Practice. Company law requires the directors to prepare financial statements for each financial year, which give a ture and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including tlie income and expenditure of the cliaritable company for tliat period. In preparing these financial stateinents, the directors are required to: sel¢¢t suitable accounting policies and apply tlieIn consistently. observ¢ In¢thods and principles in the Charities SORP 2019 (FRS 102). make jiidgem¢nts and cstimates that are reasonabl¢ and prudent; state wliether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and expaliiied in the financial stalements; prepare tlie financial stateinents on the going concern basis unless it is inappropriate to presume that the charity will continue in business. Tlie directors are responsible for keepiiig adequate accounting records whicli disclose with reasonable accruacy at any tiine the financial position of the charitable company and to enable tliem to eiisure that the financial statements comply witli tlie Companies Act 2006. The directors are also responsible for safeguarding the assets of the charitable compaiiy and hence for taking reasonable steps for tlie prevention and detection of fraud and other irregularities. Independent Examiner A resolution to re-appoint M¢Groarty, Mccaffety & Company Ltd as iiidependent examiners will be proposed at the annual general meetiiig. Tli15 report is prepared in accordance witli the special provisions of Part 15 of the Companies Act 2006 relating to small coInpanies. This report is approved aiid authorised for issue by tlie board on I l December 2024 and sigiied on its behalf by: -106J4- Director Director Page 3
Pobal Mhuileann an tsiain Company limited by guarantee Independent examiner's report on the unaudited financial statements to the directors of Pobal Mhuileann an tsiain We report on the accounts of the coirjpany for tlie year ended 31 March 2024, which are set out on pages 5-11 Respcctivo responsibilities of charity directors and examiner. As the cliarity directors you aK responsible for the preparation of the accounts in a¢¢ordance with tlie requirements of the Coinpanies Act 2006. Haviiig satisfied ourselves that the cliarity is not subject to audit under company law, and is eligible for indepeiident examination, it is our responsibility to. examii)e tlie accounts under section 65 of the Cliarities Act 2008; follow the proccdures laid down in tlie general directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act 2008. stale wlietlier particular matters liave coine to our atteiition. Basis of indopcndent cxamintr'$ report We liave e,xainined your cliarity accouiits as required under section 65 of tlie Charities Act and our exainination was carried out in accordance with tlie geiieral directions given by the Cliarity Commission for Northerii Irelaiid under Sectioii 65(9)(b) of tlie Charities Act. The examination included a review of the accounting records kept by tlie charity and a coinparison of the accounts presented witli those records. It also included a consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as cliarity directors conceniing any sucli matters. Our role is to state whetlier any material inatters have coine to our attention giving us cause to believe: that accounting records were not kept iii accordance wilh section 386 of tlie Companies Act 2006; that the accounts do not accord with thosc accounting records; that tlie accounts do not comply witli tl)e accounting requireinents of the Section 396 of the Companies Act 2006 and tlie Inethods and principles of tlie Charities Staleinent of Recoinmended Practice applicable to ¢liarities preparing tlieir accounts in accordance with the Fiiiaiicial Reporting Standard applicable in the UK and Republic of Ireland; that tliere is furtlier information needcd for proper understanding. Independent examiner's statement We have completed our exainination aiid have no ¢on¢erns in respect of the matters listed above and, in coniiection with tlie following directioiis of the Charity Cominission for Northern Ireland, we liave found no malters that require drawiiig to your attention. McGroarty, Mec & Company Ltd Acc nd Tax cOsu1tntS rlisle Terrace Derry BT48 6JX Date: 11 December 2024 Page 4
Pobal Mhuileann an tSiaiD Company IRmited by guarantee Statenient of Financial Activities for the ended 31 March 2024 Total Funds 2024 Total Funds 2023 Unrestricted Funds Restri¢tod Funds Income and Ei xpenditure Incoming Resources Incoming rcsources from charitable activities 460 460 12,487 Total Incoming Rosources 460 460 12,487 Rosources Expended Manageineiit & Administration Total Resources Expended 4,182 4,182 3,521 4,182 4,182 3,521 Net Incoming l (Outgoing) Resources (3,722) (3,722) 8,966 Balances brougyht forward l April 2023 22,109 22,109 13,143 Balances carried forward 31 March 2024 18,387 18,387 22.109 The above amounts relate to continuiiig operations of the charity. The charity lias no recognis¢d gains and losses otlier than those included in the results above and tlierefore no separate stateniei)t of total recognised gains and losses has been presented. There is no dirrerencc between tli¢ net iiicoming resources for the year stated above and tlieir historical cost equival¢nts. Page 5
Pobal Mhuileann an tsiain Company limited by guarantee Balance sheet as At 31 March 2024 2024 2023 Notes Current assets Debtors Cash at bank and in liand 11,661 7,206 11,661 10,928 18,867 22,589 Creditors: amounts falling due within one year (480) (480) Net eurrnnt assL,t$ 18,387 22,109 Total assets less current Ilabllltlcs 18,387 22,109 Net Assets 18,387 22,109 Funds Unrestricted Restricted 18,387 22,109 Funds 18,387 22,109 The notes on pages 8 to 11 form an integral part of these financial statements. Pagc 6
Pobal Mhuileann an tsiain Company limited by guarantee Balance sheet (conlinued} In approving these financial statements as directors of tlie coinpany we liereby confirm: Tlie coinpany was cntitled to exemption from audit under s477 of the Coinpanies Act 2006 relating to small ompanies. The meinbers Iiave not required tlie company to obtain an audit in accordance with section 476 of the Coinpaiiies Act 2006. Tlie directors ackiiowledge tlieir respoiisibilities for complying with the requireinents of tlie Companies Act 2006 witli respect to accounting record5 and preparation of accounts. These accounts liave been prepared in accordance with the provisions applicable to small companies subject to tlie small coinpaiiies regime and iii accordance with SORP (FRS102). The financial 51ateiiient5 were approved and authorised for issue by the Board on I l December 2024 and signed on its behalf Director Dlrector Roglstration number N1626526 The notes on pages 8 to 11 form an integral part of these financial statements. Page 7
Pobal Mhuileann an tsiain Company limited by guarantee Notes to the financial statements for the year cnded 31 March 2024 GencrAI Information The company is a private company limitcd by guarantee, registered in Northern Ireland. The address of the registered offi¢e is l Daisy Park, Sion Mills, Strabane, BT82 9QD. 1.1. Accountlng convention The principal accouiiting policies adopted in the preparation of the financial statements are set out below and have reinained unchangcd froni tlie previous year, and also have been consistently applied witliin tlie saine accoLints. Tlie cliarity Constitutes a public benefit entity as defined by FRSI 02. Th¢ financial statements have been prepared in accordance witli the accounting policies set out in notes to tl)e accounts and coinply with the cliarity's goveriiing document, the Charities Act (Nortliern Ireland) 2008 and Accounting and Reporting by Charitie5: Statement of Recommended Practice applicable to Gliarities preparing their accounts in accordance with tlie Financial Reporting Standard applicable in tlie UK and Republic of Ireland publislied in October 2019 (SORP 2019) and the Coiiipanies Act 2006. The fiiianeial statements are prepared on a going eoiicern basis under tlie historical cost convention, Inodified to included certain itcins at fair value. Tlie finaiicial statements are presented in sterling which is tlie functional currency of the cliarity. Income (i) Grants Grants represents all ainoiints received and receivable during the year. Capital grants are released to the profit and loss account in the year in which they are received in lin¢ witli the SORP (FRS102). Revenue graiits are credited to the Statement of financial Activities in the year they are received. (IT) Donations & administration income. Tliis comprises ainounts received during the year. 1.3. Expenditure (i) Direct Charitable Expenditure This represents all expenditure directly attributable to charitable causes. (li) Management & Administration Tliis includes all other expendÉture Iiot directly allocated above and a portion of the overhead costs attributable to Inaiiagement and administration. Page 8
Pobal Mhuileann an Isiain Company limited by guarantee Notes to the financial statements for thc year ended 31 March 2024 continued Unrestricted Restricted Total Income Income Funds 2024 2024 Total Funds 2023 In¢oming Resourccs 2024 Donations and Fundraising 460 460 12,487 460 460 12,487 (i) Rcstrieted Funds Funds received whicli are eannarked by the funder for specific purposes. Such purposes are wiiliin tli¢ overall aims of tlie orgaiiisation. {ii) Unrestricted Funds Funds whicli are expendable at the discretion of the company in furtherance of the aims of tlie charity. In addition funds may be held in order to finance capital investment and working capilal. Resources Ei xpcndcd Unrestrlcted Funds Restricted Funds Total 2024 Total 2023 Management & Administration Prograinme costs Water rates Insuraiice Liglit & lieat Maintenancc Donatioils Accountancy Bank fee5 & intcrest General ¢xpeiises 1,240 178 820 91 300 800 626 127 1,240 178 820 91 300 800 626 127 462 157 770 721 300 420 480 210 4,182 4,182 3,521 Tax on (loss)Iprofit on ordinary activities No cliarge to taxation due as the coiiipany has charitable status. Page 9
Pobal Mhuileann an tsiain Company limited by guarantee Notes to the financial statements for the year ended 31 March 2024 coiitiiiued Debtors 2024 2023 Otlier debtors 11,661 11,661 Creditors: amounts falling du¢ wllhln ono year 2024 2023 Accruals 480 480 Movcmtnts in Funds At At l April Incoming Outgoing 31 March 2023 resources resources 2024 Restricted funds: Restricted funds Unrcstrictcd funds: Unrestricted funds 22,109 460 (4,182) 18,387 Total unrestricted funds 22,109 460 (4,182) 18,387 22,109 460 (4,182) 18,387 Related party transactions Tliere were no related paty transactions in the year under review. Controlllng intorest Thc controlling iiiterest lies willi tlie board of directors. Company limited by guarantee Tlie company is limited by guarantee and does not have a share capital. Page 10
Pobal Mhuileann an tsiain Company limited by guarantee Notes to the financial statements for the year ended 31 March 2024 continued 10. Post balance sheet events No significant events have taken place since the year end that would result in adjustments to 2024 financial information or inclusion of a note thereto. Page 11