Company Numbei.: N'16U291? Charit), Nlumber: N'IC103641 .4n CÈste Infheistioehta Gaeiloe (A Compan), Limited by Guai'autee) Fin2nci21 Stthteniellts for the i'eii r elided 31 Auoust 2022
.4n Ciste Entheistioclita Gaeilf¥e {A CotnpJnTr' Limited b!." Giiarantee) Contents Iiiforniation Directors, Repoit Indepeiident Auditors Report 6-10 Statenieiit of Fiiiaiicial Aclii'ities 11 Balance sheet l2 Cashflow stateinent 13 Notes to tlie accounts 14-21
An Ciste Infheistiochta G2eil<Fe (A Coinpaii), Limited b), Guai"antee) Inforniation Registered Charih, N2nie An Ciste liiflieistioclita Gaeiloe Charit)r Nllmbei" NIICIOJ641 XG ?6Jl I Company N'umbei" N160?919 Registered Office Culturlann Ui Chaiiain J 7 Great James Stt'eet Derry BT48 7DF Directors Maria Caralier Rosaleen Mccorley IAiirence M¢Curry Professoi. Margaret Dolores O'Reilly N iall O Catliain Paid O Maolagain Audktors McGroarty Mccafferty & Company Accouiitants & Registered Auditors Carlisle Terrace Derry BT48 6JX Solicitors Agnew Andress Higgiiis Solicitors Ltd 92 Hiuh Street Belfast BTI ?BG Bankers Bank of Ireland ?7 Culmore Road Dem, BT48 8JB
An Ciste InTheistioehta Gaeil¢7e (A Conipany Limited by Guai"antee) Report of the directors foi" the s'ear ended 31 August 7022 Tlie dii'ectors present tlieir I'eport aiid the fiiiaiicial stateinents for ihe )ieai- elided J l August ?0?? Tlie dii'ectors of An Ciste Infheistiochta Gaeilge for tlie purposes of coinpany laiy and H,lio served diiring tlie Jiear and up to tlie date of tliis I'epoit are set out below- Mai-ia c-aller Rosaleeii Mccorley Laureiice Mccurry Piofessor Margaret Dolores O'Reillv Niall O Catliaiii Paid O Maolagain Sti'ucture, Goi'ernrfince and ManaLTenient Governing document Tlie charity is coiitrolled by its governing documenL tlie financial meniorandum, and constitutes a liiiiited company, liniited by . rruarantee, as defined by the Coinpanies Act ?006. Governance The Board is a limited compaiiy i-egulated b)1 its Meiiioranduin and Articles of Association as laid doMllI 111 the Compaiiies Acts. Tliis instrunient 15 a legal docuinent wliicli has bearing only on Ali Ciste Inflieistiochta Gaeilge. An Ciste Infheistioclita Gaeilge (The Irish Laiiguaoe Iniiestinent Fund) is an organisatioii tl)at lias been established to assist tlie developnieiit of Irisli Laiiguaoe commuiiities. iii particular, the Fund's role is to help advalice major capital iiifrastructural projects wliieh ultimatelv &ssist tlie social. economic and cultrjral needs of Irisli Language conimunities. Tlie iiiitiatilie has been deiieloped as a result of the commitments inade by Government in relation to the Irish Lanuuaoe linder the Good Friday A.eeinent in 1998. furtlier expanded in the 2006 St Andrews Agreement and defiiied during the Hillsborougli talks of Februarv ?01 O. General Principles The gciieral and truidin¢Y priiiciples of the Fund iyill be: Partnership & Co-operation: Projects assisted must dcnioiistrate the proinotion of partnersliip aijd co-opeiative working priiicipals with other Irisli language groups/bodies at local, i'egional aiid national level. Irish-Language Cultural Dle10pMent. Projects assisted must denioiistrate the promotion and development of the Irish Language and its cultural aiid social advancement. Inclusiveness: Projects niust demonstrate the proiiiotion of equality of opportunity. Leverage: Projects must demonstrate the ability to maxiinise other fund-raising potential and leverage from other deiielopmeiii agencies. Complementarit),: Projects must demoiistrate that its advancement will iiot duplicate, substitute or create displacement of existing provision in the locality- Sustainabilitv: Projects Must demonsts'ate social and econoinic sustaiiiability.
An Ciste Enflieistioclita G2eiloe (-4 Compan), Limited b), Guarantee) Report of the directo for tlie s'ear ended 31 .4ugust 2022 Risk Statement {1) General Policy - Tlie majoi. risks io ivhicl) the cliai'itti is exposed liave beeii ideiitified b), tlie directors. Foi'iiial Inanagenient conErol systems aiid procedures. operatiii(w policies and manual processes Iiaiie beej) a(yreed aiid establislied as pait of oiicyoiiig risk assessiiient, to iiiitigate risks. Mitigation of finwicial risk is furtlier addressed b). die policy of lioldiiitr reserves. as detailed beloiv. (ii) Reserves Policy - Ali Ciste Inflieistioclita Gaeilge is pennitted to liold resernies aiid any grant-in-aid shall be paid into aiiy I'eserve lield by it. {iii) Investinent Policy Ali Ciste Iiiflieistioclita Gaeilge shall iiot niake aiiy iniiestiiients li) traded fiiiaiicial instiuiii¢nts Miitliout Pl'iOT Miritteii appi'oval of its accountant. Equity shares in ventures wliicli furtlier tlie objeciives of An Ciste Inflieistioclits Gaeilge shall equally be subject to approiial froin its accountant uiiless covered b), a specifie delegatioii froiii tlie Board. Objectives and Actiipities Objectives and aims The company's Inain objective is to SUPPOrt projects aimed at creatiiig the capital iiifrastructui'e for the developnieiit of the Irisli language in the North of Irelaiid. The coinpany's statement of Governance is set out above. Public Benefit The cliaritable conipany's aiins and objectiiies are set out ivithin this report. The activities set out in this report haiie been undertaken to furtlier the coinpany's cl)aritable Plirposes for tlie public beiiefit. The directors liave coinplied with tlie duty under section 4 of the Compaiiies Aet ?006 to haiye due regard to public beiiefit guidance piiblislied by the Charities Conimissioii and the tt-ustees Iiave paid due regard to this guidance iii deciding what activities tlie cliaritable company should undertake. Achiei'ements and Performance The performance of the cornpany is detailed on the stateinent of financial activity (SOFA) found oli page I l of tl)e financial statements. In March 20?2 The Depaitmcnt for Cominiinities amiarded Ali Ciste Iiifheistiochta na Gaeilge £60,000 for & Bursaiy Sclieine to access MSC Managernent & Digital Business Programme. Tliis Course Myas designed to sth'ategically assist in cnhancing the capacity of tlie sector. This fi]nding provided 9 Msc Bursaries to those M'orking in the Irisli language community sector. In May 2022 The Department for Coininuiiities awarded An Ciste Infheistiochta Gaeilge £340,000 (£170,000 per year for two years) for their Business Development otyicers Prooramme. This funding provided employment for four additional Business Development ivho are employed iii Irish language coinmunity capital projects. An Ciste Intheistiochta Gaeilge ivas id=ntified &s a beneficiary in The New Decade Ne1 Approach Aoreemeiit. (January 2020) again for its central role in delivering Irish Language Community Infrastructiire in tlie North of Ireland. Funding for tliree years (250.000 Euros per l'ear) has been awaTded to An Ciste Intheistiochta Gaeilge from Tlie Irish Governinent's Departtnent of Tourism, Culture, Arts, Gaeltacht. Sport & Media to oruaiiise a strategic programme aimed at protecting this recent £20+Million investineiit into the sector. This prooramme is curreiitly employing an experienced Director and four youiig Business Development Officers, located in 4 receiitly developed community facilities, who are inN'olved iii structured on the job trainin(r and peer learning sessions with a focus oil sustaining their facilities.
-4n Ciste InTheistioehta Gaeiltse (A Conipan), Limited b}: Giiarantee) Report of the directors for tlie )'eai" ended 31 AllUSt 20?2 The cliarity coiitinues to target a specific and focused niarket wliich is essentially Irisli Language Groups tliat are seekiiig to establisl) Irisli Lan(ruaoe Social. Ecoiiomic & Cultural related project as a Ineaiis to advaiice and ps'ogress tlie Irisli languL<Te and ciilture tlirou¢yliout the NTortli of Irelaiid. Financial Reviem, Budoetsry controls aiid coiistaiit i-evieivs of all expenditure coiitinue to be impleinented this period and Iiave iiot hiiidered tlie business of An Ciste Lnflieistiochta Gaeilge iii achievii)rr their primary purpose. Coiitrols taken at the adiniiiistrative level ivill coiitinue for tlie comiiig financial yeaT Wlth continuous Inoiiitoriiig tlii'ouohout. The fiiiaiicial accouiits sl)ow a deficit of £6?,409 witli reserves of £?.393,8J7. Plaus for Future Periods Initially Ali Ciste Infheistioclita Gaeilge wffill employ its capital fund of £8M. Hoivever. it M'ill also seek" additional fijnds from a range of sources depeiidant upoii tlie ideiitified strategic iieeds of the sector going foN'ard. An Ciste Tntheistiochta Gaeilge iijill contiiiue to seek applications through an open call procedure from iiiterested Irish Laiiguage groups seeking to advance capital applications for tlie ultiiiiate development of sustaiiiable capital projects that will help increase the deliiiery of services to tlie Irish Language sector. Responsibilities of the Directors Tlie directoi's (wlio are also tlie directors of An Ciste Infheistiocl)ta Gaeilge for the purposes of company law) are respoiisible for preparing the Directors Annual Repoit and tlie financial statemeiits in accordance with applicable law and Ifnited Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). Coinpai)y law requires tlie diiECtors to prepare financial statements for each financial year ,hich give a true aid fair view of the state of affairs of tlie cliaritable company and of the incoming resources ]d applicatioii of resources, includiiig the income and expenditure, of the cliaritable coirlpany for that period. In preparing these financial statements, the directors are requ ired to: Select suitable accounting policies and tlien apply thein consistently" Observe tlie metliods and principles in the Charities SORP (FRS 102). Make judgemei)ts and estimales that are reasonable and pldent. State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statemenfs: Prepare the financial statements on tlie uoincT concern b&sis unless it is inappropriate to piesuine tliat the charitable company will contTnue in operation. The directors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of tlie charitable company and enable them to eiisure that the finaiicial statemeiits comply with the Companies Act 2006. Tlie directors are also respoiisible for safeguarding the assets of the cliaritable company and hense for taking reasonable steps for the prevention and detection of fraud and other irregularities, In so far as the directors are aivare: Tl)ere is no relevant audit infomiation of iyhich the charitable companjls auditor is unawa. and Page 4
An Ciste IiiTheistiochta Gaeilrye (.4 Conip211y Limited b), Guarantee) Report of the directors for the }'ear ended 31 Au(FUSt ?022 Tlie directors have taken all steps tliai tlie). ouglit lo hai'e taken to niake tlieinselves alal'e of aiiy I'eleiiant audit informatioii aiid to establisli tliat tlie auditor is ai¥are of tliat infonnatioii. Auditors McGToarts1 h4ccaffei.ty & Co al'e deeined io be reappointed in accordance ivitli Sectioii 487(?) of tlie Coiiipaiiies Act ?006. Tliis report is prepared in aceordaiice wirh tl)e special provisioiis of Part l i of the Compaiiies Act 2006 relatiiio to sinall companies. Tlie fiiiancial stateinents were approved and autliorised for issue by the Board of Directors on 28 Noiiember 202? and sigiied on its belialf by. Dlrector Director
An Ciste Intheistiochta Gaeil<Fe (A Company Limited by Gllai?ntee) Independent auditor's report to the directois of An Ciste Infheistiochta Gaeilge Opinion We have audlted tlie finaiicial stateiiieiits of Ali Ciste liiflieistiocliia Gaeilge for tlie year ended i l AugLlSt ?02? Ivliicli coinpi'ise tlie StatemeIit of Fiiiancial Actlllities. Balance SlieeL Cashfloii, Statement aiid tlie related notes. Tlie fiiiancial reportino fran7eivoi-L tliat lias been applied in theii. preparation is applicable laHF and UiiÉted Kiiigdoiii Accountiiig Standards (Uiiited Kiiigdoin GeTierally Accepted Accountiiig Practice) includino FRS 102 'Tlie Fiiiaiicial Reportin(7 Staiidai'd applicable in tlie UK aiid Republic of Irelaiid" This report is made solely to the chai'itable company's directors. as a body, in accordaiice iiiitli Cliapter 3 of Part [6 of tlie c.ompanies Act 1006. Oui- audit ivork lias been undertak-en so tliat ive iiiight state to tlie charitable company's directors those Inatters we are required to state to Iliein iii an auditols report and foi. no otlier purpose. To tlie lIest extent perniitted by law, Ive do not accept or assuine respoiisibility to aiiyoiie otliei. th] tlie chai'itable company and tlie charitable company's directors as a b¢)dy. for our audit worl for tliis report, or for tlie opiiiions H'e have formed. In our opinion the fiiiancial ststements: give a true aiid fair view of the state of tlie cliaritable companls affairs as at 3 1st August 2022, aiid of its incoming resources and expenditure of resources. includiiig its incoiiie and ekpenditure, for tlie year tlieii ended; have beeii PiDperly prepared in accorda]Ice witli United Kingdoin Generally Aecepted Accouiitiiig Practice; and have been prepared in accordw)ce WiEh rhe requirements of tl)e CoTnp&iies Act 2006. Basis for opinion We conducted our audit in accordance w'ith Iiiternational S)dards on Auditing (Ulc) (ISAS (UIC)) ai)d applicable law. Our respoiisibilities under tliose standards are further described in the Auditor's respoiisibilities for the audit of the financial statements section of our report. We are independent of the charitable eonipany in accordance witli the ethical requirements that are relevant to our audit of the financial statements in the UK, iiicluding the FRC'S Ethical Standard, and we have fulfilled our other etliical responsibilities in accordance with these requirements. We believe that the audit evidence we liave obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to uoing concern In auditing the financial stateineiits, lie have coiicluded that the directors, use of tlie going coiicern b&8is of accounting in the preparation of tlie fiiiancial statements is appropriate. Based on tlie work we have performed. we have not identified any material uncertainties relating to events or Conditions thaL individually or collectively: may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least 'eIve inonths from when the financial statements are autliorised for issue. Page 6
An Ciste Infheistiochta Gaeilge (A Compan), Limited by Guarantee) Our responsÉbilities and the responsibilities of the directors ii'ith respect to Lyoiiits concern are described iii the relevaiit sections of t]iis report. Other informAtion The directors are responsible for the other inforin2tion. The otlier information comprises tlie iiiforniatioii included iii tl)e dii'ectors, aniiiial report. otliei. than tlie finaiicial stateineiits and our auditor's report tliereon. Our opiiiion on tlie fii)ancial stateiiients does not cover otlier iiifonnatioii ]d. ekcept to the extent otherwise explicitly stated in our report. we do not express any fonn of aSSurl¢e conclusion thereon. In connection lItI7 our audit of tlie fiiiaiicial statenients, OLir respoiisibility is to read the otlier iiifoiThatioii and, in doing so, consider ii,hetlier the othei. iiiforniation is iiiaterially incoiisisteiit Miith dje financial stateineiits or oiir Lnoiyledge obtained in the audit or otlierwise appears to be materially misstated. If we ideiitify such material inconsisteiicies or apparent inaterial inisstatements. Ive are required to deterniine wliether there is a material inisstatement in the fiiiancial statements or a iiiaterial misstatement of the otlier inforinatioii. If, based on the work we have performed. we conclude tliat there is a Inaterial niisstatemeiit of this otlier infonnatioii, we are required to report that fact. We have iiothiiig to i'epoit in tliis regard. Opinion on other matters prescribed by the Companies Act 2006 Iii our opinion based on the work uiidertaken in tlie course of the audit: the iiifonnatioii given iii Ehe directors annual report for tlie financial )'ear for ii,hich the fiiiancial ststeinents are prepared is consistent witli the fiiiancial statements. wid - the directors annual report has been prepared in accordance with applicable legal requireinents. Matters on which we are required to report by exception In the light of our knowledge ]d understandiiig of tlie charitable company and its environment obtained in the course of the audit, we have not identifled material misstatements in the directors aiinual report. We have nothing to I'eport in respect of the following matters ivliere the Conipanies Act 2006 requires us to report to you if, in our opinioii: - adequate accounting records have not been kept: or - the financial statements are iiot in agreeinent with tlie accountiiig records and returns; or certain disclosures of directors, remuneiztion specified by law are not made. or we Iiave not received all the iiiforniation and explanations we require for our audit" or tlie directors were not entitled to Prepare the finav)cial statements in accorda]ice with the small companies reoime and take advantage of the small companies exemption from the requirement to prepare a strategic i'eport.
An Ciste Inflieistioclita Gaeil¢ye (A Company Limited b)." Guarantee) Responsibilities of the directoi's As explaiiied Iiiore fulls1 in ilie Directors, Responsibilities Statenient set out on patye 4. the directols (Ivlio are also tlie directors of the charitable company for tl)e pui'poses of coiiipany lai¥) are responsible for tlie pi'eparatioii of Ilie fiiiancial statemeiits aiid for beiiig satisfied that tliey ojiie a tt-ue aiid fair viemi aiid for sucli 11ltei'i)al control as tlie directois detei-iiiiiie is iiecessary to eiiable Ilie preparation of fiiiancial stateineiits tliat are free from material niisstatemeiit. w,lietlier due to fraud or error. In preparing the finaiicial stateinents, tlie directors are respoiisible for assessing the charitable company's ability to contiiiue as a ooino concern. disclosino as applicable, matters related to going concern and using tl)e going concern basis of accountino unless the trustees eitlier intend to liquidate the cliaritable company or to cease operations, or have iio realistic alternative but to do so. Auditoj s responsibilities for the audit of the financial statements Our objectives are to obtain Yeasoiiable assur]ce about ii.liether the fiiiancial stateinents as a wliole are free from inaterial Inisstatement, iiihetlier due to fraud or error. aiid to issue an auditor's report tl)at includes our opinion. Re&8oiiable assui7nce is a liigli level of a5suraiice, but is iiot a guarantee that ali audit coiiducted in accordaiice with ISAS (UK) ,]11 al'ayS detect a material inisstatement when it exists. Misststements can arise froin fraud or error and are coiisidered material if, individually or in the aggretrate, they could reasonably be expected to iiiflueiice Ehe economic decisions of users taken on the basis of these financial statemeiits. Irrecrularities, including fraud. are instances of non-compliance Hiitli laws aiid regulations. We desigii procedui'es in line witl) our respoi)sibilities. outlined above, to detect material Inisstatements in i'espect of ii'regulaj'ities, including fraud. However, the primary responsibilitj, for the prevention and detection of fraud lies with niaiiagement and the board of directors of the charitable company. Identifying and Assessing potential risks related to irregulartties Iii identifjiing and assessiiig risks of material misstatement in respect of ]egUlarItIeS, including fraud and non.complian¢e lItI] laws )d recTulations, we considered the follo*[1}g. tlie nature of the industry, sector and tlie specific control environment ivhich it operates in; the charities own assessment of the risks tliat irregularities niay occur, either as a result of fraud or eTror' representations and results from our enquiries ivith Manement aiid the board of directors regarding their own identification and assessinent of the risks of irreoularities; enquiries of maiiagement relating to accounting estimates measurements, recognitioii criteria and justification of such amounts. any matters we have idesltified liaving obtained and reVIe,ed the Charities policies and procedures relating ideiitify'ing and assessing if law's and regulations are Cotnpliant and H,hether they are alare of an)1 instances of non-compliance. * detectioii and response to the risk of fraud and Th,hether tliesr are aware of any actual, suspected or alleged fraud instances., * tlie internal controls designed to mitigate risks or fraua or non-compliance ivitli lamrs and regulations, aiid to miiiitnise risk of management OveideS of sucli controls. all matters discussed among the audit engagement team regardin how and wheiE fraud could occur and tlie potential indicators of fraud.
An Ciste Intheistioehta Gaeiloe (A Company Limited b}, Guarantee) As a result of these procedures. Ive coiistdered the oppoituiiities aiid incentives that iiiay exist ivithin tlie cliarity for fraud. The audit included assessing tlie procedures aiid eiialuating tlie measureiiieiit of estiinatioiis. In ¢oiiimon ivitli all audils iindei. ISAS (UIK). M'e are also required to perform specific procedures to respond to the risk of iiianaoeiiient oi'erride. We also obtaiiied an understandino of the legal and regulatory franieii'oi'k"s applicable to the charity and considered tliat tlie Iiiost significant are the UK Companies Act ?006, SORP ?019 (FRS 102) aiid Cliarities Act fftlortlieni Irelaiid) 7008. Audit respollses to risks identified Our procedures to respoiid to risk-5 ideiitified included tlie folloiviiig: reiiiewino tlie finai)cial statement disclosures, testing the relevant documeniatioii to assess colnpl1)ee ivitli the SI11f]¢ant laws and regulations - tliose described as liaving a direct effect 01) the financial stateiiieiits; enquiring with management ]d obtaining third pty confirmation from the Charities Solicitors regarding any actual or potential litigation and claiins. performing analytical procedures to identsfy any unu511al or unexpected relationsliips tliat may iiidicate risks of material misstatement due to fraud- reading Ininutes of board ld nianaoement Ineetings, examine forecasting Inaterial in line with actual perfomaii¢e, ideiitifyii]ts any potential fraud indicators or instances. reVIeIlng Coinpanies House ]d Cliarity Commission Northern Ireland correspondeiice, ideiitify any late subinissioiis or oinissions of inandatory inforniation; review COespOndence with HMRC. ideiitifjTing non conipl iaiice of specific information to be disclosed; in addressino the risk of fraud througli managen]ent override of contt'ols, testiiig the appropriateness of data entries and adjustments: assessino wh¢tlieT the judgements made in making accountintt estimates indicative of a potential bias. and eiialuating the rationale of any significant transactions that are unusual or outside the normal course of the Charities objectives. We also communicaied relevaiit ideiitificd laws and regulations and potential fraud risks to all eiigagement team Ineinbers aiid remained alert to ]Y indTcations of fraud or Iioncompliai)ce witli laws and I'egulations tlii-ougliout tlie audit. As part of an audit in accordaiice with ISAS (UK), we exercise professional judgment aiid ITJaiiit&in professional scepticism througliout tlie audit. Mle also- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perforni audit procedures responsive to those rTsks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinioii. The risk of not detectiiig a material misstatement resulting from fraud is higher tliaii for one resulting froiii error, as fraud may involve coSlusion, forgery, intentional oniissions, misrepresentations, or the override of internal control. Obtaiii an understanding of intenial control relevant to the audit in order to design audit procedures that are appropriate in tlie circuinstances, but iiot for the purpose of expressing an opinion on tlie effectiveness of the charitable company's inEernal control. Evaluate tlie appropriateness of accounting policies used and the reasonableness of accountin(F estiinates and related disclosures niade by die directoi-s. Page 9
An Ciste Infheistiocbt2 Caeilge (A Comp2nJ Liniited bv Guarantee) Coiiclude oli tlie appropriateiiess of tlie directors, use of tl)e ooino concern basis of accountiiig aiid, based oli tlie audit evidence obtained. wl)etlier a inaterial uncertainty exists related io eitrents or conditioiis tliat iiiay cast significant doubt on tlie charitable compaiiy's abiliti, to continue as a ooino concem. If ilie conclude tliat a niaterial uncertainty eiists, we are reqLiired to draii, atteiition li) our auditor's report to tlie related disclosui'es iii tlie financial statements or. if such disclosures are inadequate, to modify our opinioii. Oui. conclusioiis are based on the audit evidence obtaiiied up to tl)e date of the auditovs report. Homiever. future eveiits or conditions Inay cause the charitable conipaiiy to Cease to continue as a going concern. -Evaluate the overall preseiitation, sti'ucture and coiiteiit of the fiiiancial statements, includino the disclosures, and wlietlier tlie financial statements represent ilie uiiderlyino transactions and events in a inanner that achieves fair presentatioi). We commuiiicate with those charged with govemance regardin& among other matters, the planiied scope and timing of Tlie audit and significlt audit findings. includino any sigiiificant defi¢ien¢ies in internal control tl)&t we identifji during our audit. Patrick McGroarty Senior Statutory Auditor for and on behalf of McGroarty ML ccafferty & Company Statutoiy Auditor 2 Carlisle Terrace Derry BT48 6JX Date: 28 November 2022 Page 10
.In Ciste InTheistioclit2 Gaeiltse (A Coini)an>' Limiled by Guarantee) ststement of Financial Actiiiities foi" tlie I'eai" ended 31 Au¢sUSt 20?2 Year Ended 2022 Year Ended 2021 Unrestricted Funds Restricted Funds Income 2nd Expenditure Incoming Resources Jiicoiiiing i.es01"cesfl ojn ge17eratl17g.fui?ds.' Voluntary incoine Investineiit iiicoine 45,780 157,iil 284,)78 3)0,3)8 l i7,iil 788.9J4 157,615 Total Inconilng Resources 20i.J31 284,i78 487,909 946,i49 Resources Expended Cliaritable a¢tiviti¢s Governance costs (114,134) (2,473) (4)J,711) (i47,845) (726,5)0) (2,47J) (2,i46) Total ResourLes Expended (116,607) (433,711) (550,318) (729,076) Net Incominu l (OutoointT) Resources 86.724 (149,133) (62,409) 217,473 Balances brouglit forward I September ?021 775.011 1,681,235 2,4i6,246 2,238,773 Balances cat'ried forniard 31 Autsust ?022 16. 861.735 I,)3? 102 2,393,837 ?,456,246 The above nOUnts relate to continuiiig operations of the company. The company has no recognised oains and losses other Tliati those included in the results above and therefore iio separate stateTnent of total recognised gaiiis aiid losses has been preseiited. There is no difference behveen tlie net iiicoming resources for the year stated above and their historical cost equivalents. Patse 11
An Ciste Intheistioclita Gaeilge (A Compani Limited by Guirantee) B21anee sheet as at 31 Auoust 2022 2022 ?021 N'otes Curi'ent assets Debtors Cash at baiik and in liand 12. ? 178.774 )9i.i35 ? 218,148 269,39l ? 574.309 ?,487,539 Current liabilities ]k loans and oi'erdrafts Other creditors Acciuals 40.402 140,062 18,440 12,853 13. 180,472 Net current assets 2.393,837 2.456,?46 Total assets less current liabilities 2,J93.837 2,456,246 Income Funds Unrestricted funds Restricted funds 16. 861.735 l.i32,10? 775,011 1,681,235 2,39J,837 2,456,246 The financial stateinents are prepared in accordance with tl)e special provisions of Part 15 of the Coinpanies Act 2006 and the Cliarity's SORP (FRS 102). These accounts have been prepared in accordance with the provisions applicable to companies subject to tlie sinall companies regime. The Financial Statements were approved and authorised for issue by the Board on 28 November 202? and signed on its behalf by Director kfvio Director Company Number: N1602912 Palre 12
An Ciste Infheistiochta Gaeil<Fe (A Compan) Limited by Guar.qntee) Statement of Cash floii's as at 31 Auaust 2022 2027 2021 Net incoming l (outgoiiig) resoui'ces for the year (Increase)/ decrease iii debtors (Decrease)l increase in creditors (6?,409) i9,)74 149,179 117,473 ()9,J41) (143,9i6) Net eash (outfloM')l infloiv from operatinu actiijities 126,144 (Decrease)/ Increase in cash in the year 126,144 Recollciliation of net cash floiv to movement ill net funds (Decrease)IIncrease in cash in tlje year Net funds at I September 2021 1?6,144 269,391 34,176 235,215 Net funds at 31 Auuust 2022 17. 39i,535 ?69,391 Page 13
-4n Ciste Infheistiocbt2 Gaeil(Fe (A Cotnp2ny Limited b). Guarantee) Notes to the accounts for the ) ear ended 31 Auryust 2022 General information The charity is a prTvate lin)ited conipan}, b}i ouaraiitee, reoistered in Nortliern Ireland and a registered Iiarityi in Northeni Ireland. T]ie addi'ess of the re(ristered office is Culturlann Ui chlain, 37 Great James Streec Dery. BT48 7DF. AccountlDg coniiention Tlie principal accountino poITcies adopted in the pi'eparaiion of tlie finaiicial statemeiits are set oiit below and liave remained unchaiioed froin tl)e previous year, and also liave been coiisisteiitly applied Ivithin tlie same accounts. Tlie charity constitutes a public benefit entity as defiiied by FRS102. Tlie financial statements liave beeii prepared in accordance witli tlie accountinu policies set out in notes to the accounts and coiiiply witli the charity's governing docuineiiL the Charities Act (Northern Ireland) ?008 aiid Accounting and Reporting by Charities: Statement of Recommended Practice applicable to cliarities prepariijo tlieir accounts in accordance with tlie Financial Reportiiig Standard applicable in tl)e UK and Republic of Ireland published in October 2019 (SORP 2019) and tlie Companies Act 2006. The financial statements are prepared on a going concern b&sis under the historical cost conventioii, modified to included certain items at fair value. Tlie fiiiancial statements are presented in sterling which is tlie functional currency of tlie charity. Incoming resources All incoming resources are included in the SOFA wlien the charity is legally entitled to the income and the ainount can be qualified with reasonable accuracy. The following specific policies are applied to particular categories of income: Voluntary income is received by way of grants, donations and gifts and is included in fijll in tlie statement of financial actiiiities wlien receivable. Grants ii,here entitlement is not coiiditional on tlie dclivery of a specific perfonnance by the charity, are Tecognised when the charity becomes unconditionally eIititled to tlie grlt. Donated services and facilities are included at the value to the charity wliere tliis can be quantified. The value of services provided by volunteers has not been included. Gifts donated for resale are included as inconiing resources within activities for generating funds when they are sold. Resourees expended All expeiiditure is accounted for op. an accruals b&5is as a liability is incurred and IiEL8 been classified uiider headings that aggregate all costs related to the category. Charitable expenditure coniprises tIiose costs incurred by the charity in the delivery of its activities and services for its beiieficiaries. It itLcl(Ides both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Patse 14
An Ciste InTheistiochta G2eiltse (A Compan!, Limited by Guarantee) i Otes to the accounts for the }'ear ended 31 Auuust 2022 1.4. Fund Accounting Unresti'icted funds In accordaiice witli tlie inemoraiiduiii and articles of association. surplus funds are lield in oiler to ensure tliat the charity can meet tlie costs of adniiiiisrering the fui)d. Any iiiterest earned by An Ciste liiffieistiochta Gaeilge on its assets or casli reserves sliall be used for die dists'ibution to grant-assisted projects an ol. runniiig costs of the board iii accordaiice i¥ith its aims aijd objectiiies. Restricted funds Capital fund Income for tlie capital fiind is derived from the advaiiceineiit of £8 niillion urant iiicome for capital and i-elated expei)diture. An Ciste ljiflieistiocliu Gaeilge sliould be iii a position to disperse £8 Inillion by way of ant assistaiice 10 projects. Cash at bank Casli at bank and cash equivalents are stated at Cost at tlie financial year end. 1.6. Pension schemes The pension costs charged in the financial statemellts represent the contribution payable by the cliarity duriiig the year. 1.7. Company status tsuarantee and does not have a share capital. The cliarity is a company liinited by. 1.8. Going concern The financial statements have been prepared on a going concem basis as tlie directors believe that no material uncertainties exist. The directors have eonsidei'ed tlie level of fuiids lield and the expected level of iiiconie and expeiiditui'e for l ? months froni authorisino tliese financial statements. The budoeted uicome aiid expenditure is su1Clent witli tlie levcl of reserves for the charity to be able to continue &s a going concern. Voluntsry Income Year Ended 2022 Year Ended 2021 Unrestricted Restricted Funds Funds New Decade New Approach Department for Commuiiities Donations and other incoine 18?.071 102,507 182,071 10? 507 45,780 6,807 739,)13 42,614 45.780 4),780 ?84,578 )JO,358 788,934 Page li
All Ciste Infheistiochta GAeilGe (A Company Limited b). Guarantee) 'otes to tlie accounts for the }'ear ended 31 Au(FUSt 2022 IniTestnient Income Year Ended 202? Year Ended 2021 Unrestricted Funds Restricted Funds Baiik interest I'eceivable Loan interest il 157,iOO 51 157,500 115 l i7,iOO 157,551 157,61) Cost of Charktable ActiF"Itles by Fund Type Year Ended 2022 Year Ended 2021 Unrestricted Funds Restricted Funds Grants payable ProoaiTrme & supporl costs 149,132 284,579 149,132 398,713 547,000 179,530 114,134 114,134 43J,711 547,845 726,530 Governance Costs Year Ended 2022 Year Ended 2021 Unrestricted Funds Restricted Funds Professioiial fees 2,473 2,546 2.473 2,473 ?,)46 Page 16
An Ciste Inel$tIoeht2 Gaeiloe (A Company Liniited b), Guarantee) Yotes to tlie accounts for tlie }'ear ellded 31 August 2027 Analysis of Grants Pa)iable Ye2r Ended 2022 Year Ended 2021 Halla Naoinli Caiiice - Duii Geimliiin - Pliase 2 Halla Nlaoiiih Phadraig - Leiin ali Mliadaidli Lionra Uladli - Raido Failte Curam Teoranta Aras na blifal Halla Naomli Canice- Dun Geimliim LaTionad na Fuiseoige Departnient for Communities - Covid granis 30,000 9,674 (41,878) 19,132 130,000 (14,548) (7,449) (82,390) 6)3,591 149,13? 547,000 Analysls of Programme & Support Costs Year Ended 2022 Year Ended 2021 Unrestricted Funds Restricted Funds Staff Costs Consultancy fees Premise5 Comrnunications and IT Finaiice costs Ol¢e costs Travel and subslstence Computer costs Sponsorship Cycle to work scheme expenses Event costs Dept For Communities expenses New Decade New Appi'oach expenses Promotional costs Legal fees Sundry expenses 10. 69,792 6.800 5,041 2,975 407 389 108,929 6,800 i.041 2,975 407 68.126 48,257 5,060 ?,036 316 2.440 1,435 611 1,800 4,100 1,292 1,000 1,29? 1,000 19.647 19,647 I02.i07 142,935 1,270 1,200 i88 102,i07 142.93) 3,588 2,695 1.270 1 .200 i88 40 114,lJ4 284,579 398.71) 179,530 Page 17
All Ciste Infheistioehta G2eilge (A Coinpany Limited by Guarantee) 'otes to the accounts for the year ended 31 Autsust 202? Analysis of Professional fees Year Ended 2022 Yeai. Ended 2021 Audit Renumeration 2,)46 Net (outgoing)l incomin(F resources for the year Year Ended ?022 Year Ended 2021 Net (outooino -)/ incoming resources is stated after charging: Auditor's ren)uneration Staff pensioii contributions 2,473 i,538 2.546 3,495 P21Fe 18
An Ciste IneRSt10£bta GaeiLtse (A Compan}. Limited b), Giiarautee) 'otes to the accounts for the )ieai" ended 31 .4uL¥USt 2022 10. Staff costs Year Ended 2022 Year Ended 2021 Wages aiid salaries Social security Costs Otlier pension costs 97,806 7.)85 64,389 ?4? 3,495 108,929 68,126 Number of emplo)'ees The number of employees i¥lio eariied more than £60,000 during the year ivas as follows., 2022 Number 2021 Number £60,001 EO £70.000 The average Inoiiilily nuirjbeis of einployees during the year. calculated on tlie basis of full tiiiie equivalents, was as follows: 2022 Number 2021 Number Nuniber of staff 11. Taxation As a charity, An Ciste Intheistiochta Gaeilge is exeTnpt from tax on Tncome and gains falling witliin section i05 of the Taxes Act 1988 or s?56 of tlie Taxatioii of Chargeable Gains Act 1992 to tlie extent that these are applied to its chargeable objects. Accordiiigly. iio tax charges have arisen in the charÈty. 12. Debtors 2022 2021 Other debtoi"s Iiivestment Interest ? 178,751 23 2,218,126 22 2.178,774 2,218,148 Page 19
.Lin Ciste Intheistiochta G2eil(se (A Compan), Limited by Guaralltee) 'otes to tlie accounts for the year elided 31 Alluust ?0?2 13. CredÉtors: amounts fallin(T due within one )'ear ?022 ?021 BanL overdi'dfts T&xatioii aiid social security Accruals Defen'ed inconie (Note 14) 1,815 12,Si3 16,625 140,06? 180.472 14. Deferred Income 2022 2021 Balance at I September 2021 Additions duriiio Ehe year Ainouiits released to inconie (16,625) (10,500) (i09,431) (9i2.674) 487,909 946,i49 Balance at 31 August 2022 i8,147 16,625 Iiicoine lias been deferred as income was receiiied before the end of the financial year 31 August 202? aiid relates to POSI vear eiid expenditure. Is. Analysis of net assets between funds Net current assets Total funds Restricted Income Funds: Capital Fund 1.532,102 1,532.102 Unretstricted lucome Funds.. 861,735 861,73) 2.393.837 2,J93,837 Page 20
An Ciste In£heistiochta Gaeil•ye (A ComFany Limited b}, Guarantee) 'otes to the accounts for the )'ear ended 31 Auuust 202? 16. Movements in Funds At I September Incominu OutgoinLY 7021 resources resources At 31 Auaust ?022 Restricted funds: Total restricted funds Unrestricted funds: Total unresti'icted fijnds 1,681,2J) 284,i78 j4J.),711) 1,53? 10? 77i.01 I ?03,J31 (116.607) 861,7J) Total fviids 1,4)6 ?46 487,909 (>50,J18) 2,)93,837 17. Cash aiid cash equivaleuts 2022 2021 Cash at bank" and iii Iiand J95,SJ5 ?69,391 Rclated Party Trnnsactions There was a loan of £2.1 in giiien to a company iii December 2017. of which the coinpany is a director. Iiicluded iii consultancy fees is a payinent for £3,000 made to a board meniber for services provided. 19. Limited by Guarantee The coinpany is limited by. cruarantee and does not have a share capital. All of its membei"s must contribute to the assets of tlie company iii the event of winding up in an amouiit not exceeding £1 O pei. member. 20. Controlling interest Controlling interest rests with the Board of Directors. 21. Post Balanee Sheet eTrents No si11f1Callt events have taken place siiice tlie year end that would result in adjustments to 2022 financial information or inclusion of a note thereto. Page 21