Company Number: N1602912
Charity Number: NIC103641
An Ciste InTh¢istio¢ht8 Gaoilge
(A Company Llmlted by Guarantee)
Financial Statements
for the year ended 31 August 2024

An Ciste Infheistiochta Gaeilge
(A Company Limited by Guarantee)
Contents
Pago
Inforixation
Directors, Report
Independent Auditors Report
6-10
Statement of financial Activities
11
Balance slieet
12
Cashflow statement
13
Notes to the accounts
14-21

An Ciste Intheistiochta Gaeilge
(A Company Limited by Guarantee)
Information
Rcglstcred Charity Name
An Ciste Infheistiochta Gaeilge
Charity Number
NIC103641
XG26311
Company Number
N1602912
Rcgistored Office
Cultthrlann Ul Chanain
37 Great James Street
Derry
BT48 7DF
Directors
Maria Caraher
Rosaleen Mccorley
Laurence Mccurry
Professor Margaret Dolores O'Reilly
Niall O Cathain
paid O Maolagain
Auditors
McGroaty Mccafferty & Company
Accountants & Registered Auditors
2 Carlisle Terrace
Derry
BT48 6JX
Solicitors
Agnew Aiidress Higgins Solicitors Ltd
92 High Street
Belfast
BTI 2BG
Bankers
Bank of Ireland
27 Culmore Road
Derry
BT48 8JB
Page I

An Ciste InTheistiochta Gaeilge
(A Company Limited by Guarantee)
Report of the dRrectors for the year ended 31 August 2024
The directors pr¢sent their report and the financial statements for the year ended 31 August 2024. The directOTS of
An Ciste Infheistiochta Gaeilge for tl)e purposes of Company law and who served during th¢ year and up to tl)e date
of tliis report are set out below:
Maria Caraher
Rosaleen Mccorley
Laurence Mccurry
Professor Margaret Dolores O'Reilly
Niall O Cathain
paid O Maolagain
Structure, Governance and Management
Govcrnlng document
Tlie cliarity is Controlled by its governing document, the financial memorandum, and constitutes a limited companyy
limited by guarantee, as defined by tlie Companies Act 2006.
Governaneo
Tlie Board is a limited company regulated by its Memoranduin and Articles of Association as laid down in the
Compani¢s Acts. This instrument is a legal document which lias bearing only on An Ciste Intheistiochta Gaeilge.
An Ciste Infheistiochla Gaeilge (The Irish Language Investment Fund) is an organisation that has been establislied to
assist tlie development of Irish Language coinmunities. in particular, the Fund's role is to help advance major capital
infrastructural projects which ultimately assist the social, economic and cultural needs of Irish Language
communities.
The Initiative lias been developed as a result of the commitments made by Government in relation to the Irish
Language under Ilie Good Friday Agr¢ement in l998, further expanded in the 2006 St Andrews Agreement and
defined during the Hillsborougli talks of february 2010.
General Prlnciples
Tlie general and guiding principles of the Fund will be:
Partnership & Co-operatlon:
Projects assisted Inust demonstrate the promotion of partnership and co-operative working principals with other Irish
language groupslbodies at local, regional and national level;
Irish-Language Cultural Development:
Proje¢t5 a55iSted must demonstrate the promotion and development of the Irish Language and its cultural and social
advancement;
Inclusiveness:
Projects must demonstrate the promotion of equality of opportunity;
Leverage:
Projects must demonstrate the ability to maximise other fund-raising potential and leverage from other development
agencies.
Complementarity:
Projects must demoiistrate that its advancement will not duplicate, substitute or create displacement of existing
provision in the locality.
Sustainability:
Projects must demoiistrate social and economic sustainability.
Page 2

An Ciste Intheistiochta Gaeilge
(A Company Limited by Guarantee)
Report of the directors for the year ended 31 August 2024
Risk Statement
(i) G¢n¢ral Policy - The major risks to which the charity is exposed have been identified by the directors. Fonnal
manag¢m¢nt control systems and procedures, operating policies and illanual processes have been agreed and
established as part of ongoing risk assessment, to mitigate risks. Mitigation of financial risk is further addressed by
the policy of holding reserves, as detailed below.
(li) Reserves Policy - An Ciste Infheistiochta Gaeilge is permitted to liold reserves and any grant-in-aid sliall be paid
iiito any reserve held by it.
(iii) Investment Poli¢y An Ciste Infheistiochta Gaeilge shall not make any investments in traded financial
instruments without prior written approval of its accountant. Equity shares in ventures which further the objectives
of An Ciste Intheistiochta Gaeilge shall equally be subject to approval from its accountant unless covered by a
specific delegation from the Board.
Objectlves and Activities
Objectives and aims
Tlie company's main objective is to support projects aimed at creating the Capital Infrastructure for tlie development
ofthe Irish language in the North of Ireland. The company's Statement of Governance is set out above.
Publlc Benefit
Tlie cliaritable coinpany's aims and objeclives are set out within this report. The activities set out in this report have
been undertaken to furtlier the coimpany's charitable purposes for the public benefit. The directors have complied
witli the duty und¢r scction 4 of tlie Companies Act 2006 to havc due regard to public benefit guidance published by
the Charities Commission and tlie trustees have paid due regard to this guidance in deciding what activities th¢
cliaritable Company should undertake.
Achlevements and Performance
The perfonnance of th¢ company is detailed on the statement of financial activity (SOFA) found on page I l of the
financial statements.
In May 2022 The Department for Coininunities awarded An Ciste Infheistloclita Gaeilge £340,000 (£170,000 per
year for two years) for tlieir Busiiiess Development Officers Programme. This funding provided employment for four
additional Business Development Officers who are einployed in Irish language community capital projects.
An Ciste Intheistiochta Gaeilge was identified as a beneficiary in The New Decade New Approach Agreement,
(January 2020) agaiii for its central role in delivering Irish Language Community Infrastructure in the Nortli of
Ireland. Funding for three years (250,000 Euros per year) lias been awarded to An Ciste Infheistiochta Gaeilge from
Tlie Irish Government's Deparhnent of Tourism, Culture, Arts, Gaeltacht, Sport & Media to organise a strategic
prograinme aimed at pmtecting this recent £20+Million investmeiit into the sector. Tliis programme is currently
employing an experienced Director aiid four young Business Development Officers, located in 4 recently developed
Coininunity facilities, who are involved in structured on the job training and peer learning sessions with a focus on
sustaining their facilities.
An Cisle Inflieistiochta Gaeilge has been awarded a new £4 million fund from the British Govemment as pliase 2
funding through the New Decade Neiv Approach Political Agreement of 2020. This fund will be channelled through
the Department for Communities (DFC) at £lm per year from l February 2023 until the fund is spent or up to 31
March 2030.
Page 3

An Ciste Infibeistiochta Gaeilge
(A Company Limited by Guarantee)
Report of the directors for the year ended 31 August 2024
Th¢ charity ¢ontinu¢s to target a specific and focused market which is essentially Irish Language Groups that are
5¢eking to ¢stablisli Irish Languag¢ Social, Economic & Cultural related project as a means to advance and progress
the Irish language and cultur¢ throughout the North of Ireland.
Financial Review
Budgetary controls and constant reviews of all expenditure continue to be implemented this period and have not
hindered the busiiiess of An Ciste Infheistiochta Gaeilge in achieving their primary purpose.
Controls taken at the adininistrative level will continue for the coming financial year with continuous monitoring
througliout.
The financial accounts show surplus of £141,652 with reserves of £2,627,177.
Plans for Future Perlods
An Ciste Intheistiochia Gaeilge will employ its capital fund of £4M from Department of Communities UP to 2030. It
will also scck additioiial funds from a range of sources dependant upon the identified strategic needs of the sector
going fonvard.
An Ciste Inflieistiochta Gaeilge will continue to seek applications through an open call procedure from interested
Irisli Language groups seeking to advance capital applications for the ultimate development of sustainable capital
projects tliat will help increase the delivery of services to the Irish Language sector.
Responslbllltles of the Dircctors
The directors (who are also the directors of An Cist¢ Intheistioclita Gaeilge for the purposes of company law) are
responsible for preparing the Directors Annual Report and the financial statements in accordance with applicable
law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the directors to prepare financial statements for each financial year which give a true and fair
view of tlie state of affairs of the charitable company and of the incoming resources and application of resour¢es,
including the income and expenditure, of the charitable company for that period. In preparing tliese financial
statements, tlie directors are required to:
Select suitable accounting policies and tlien apply tliem consistently;
Observe the methods and principles in the Charities SORP (FRS 102);
Make judgements and estiinates that are reasonable and prudent;
State whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the financial statements.
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable
ompany will continue 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 ensure that the financial statements comply
Ivitli the Companies Act 2006. The directors are also responsible for safeguarding the assets of the charitable
company and hense for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the directors are aware:
Tliere is no relevant audit information of wliich the charitable company's auditor is unaware. and
Page 4

An Ciste Inffieistiochta Gaeilge
(A Company Limited by Guarantee)
Report of the directors for the year ended 31 August 2024
The directors have taken all steps tliat they ouglit to have taken to make themselves aware of any relevant audit
inforniation and to establisli that tlie auditor is aware of that inforn]ation.
Auditors
McGroaty Mccafferty & Company are deemed to be reappointed in accordance with Section 487(2) of the
Coinpanies Act 2006.
This report is prepared in accordance with the special provisions of Part 15 of ilie Companies Act 2006 relating to
small companies.
Tlie financial stotements were approved and authorised for issue by the Board of Directors on 5 December 2024 and
5i&yned on its behalf by;
Director
Director
Page 5

An Ciste Intheistiochta Gaeilgc
(A Company Limited by Guarantee)
Independent auditor's report to the directors of An Ciste Intheistiochta Gaeilge
Opinion
We have audited the financial statements of An Ciste Inflieistiochta Gaeilge for the year ended 31 August
2024 which comprise the Statement of Financial Activities, Balance Sheet, Cashflow Statement and tlie related
notes. The financial reporting framework that has been applied in tlieir preparation is applicable law and
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including
FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland
Tliis report is made solely to the charitable company's directors, as a body> in accordance with Chapter 3 of
Part 16 of the Coinpanies Act 2006. Our audit work has been undertaken so that we might state to the
charitable company's directors those matters we are ￿qUired to state to them in an auditor's report and for no
other purpose. To tlie fullest extent pemiitted by law, we do not accept or assume responsibility to anyone
other than the cliaritable company and the charitable coinpany's directors as a body, for our audit work, for this
report, or for the opiiiions we have forined.
In our opinion tlie financial statements:
give a true and fair view of the state of tlie cliaritable company's affairs as at 3 1st August 2024, and of its
incoming resources and expenditure of resources, including its income and expenditure, for the year then
have been prop¢rly pr¢pared in accordance with Uiiited Kingdom Generally Ac¢¢pt¢d Accounting Practice;
and
have bcen prepared in accordance with the requirements of the Companies Act 2006.
Basls for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under tliose standards are further described in the Auditols responsibilities
for the audit of tlie financial statements section of our report. We are independent of the charitable company in
accordai)c¢ with thc ethical requireinents that are relevant to our audit of tlie financial statements in the UK,
including tlie FRC'S Etliical Standard, 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 reluting to golng coneorn
In auditing the financial statements, we have concluded that the directors, use of the going concern basis of
accounting in the preparation of the fInancial statements is appropriate.
Based on the work we have perfornied, we liave not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on tlie charitable company's ability to
continue as a going concem for a period of at least twelve months from when the financial statements are
authorised for issue.
Page 6

An Ciste Intlieistiochta Gaeilge
(A Company Limited by Guarantee)
Our responsibiliti¢s and the responsibilities of the directors with respect to going concern are described in the
relevant sections of this report.
Other information
The directors are responsible for the other information. The otlier infomiation coinprises the infonnation
included in tlie directors, annual report, other tlian the financial statements and our auditor's report thereon.
Our opinion on tlie financial statements does not cover otlier information and, except to the extent otl)erwise
explicitly stated in our report, we do not express any fomi of assurance conclusion thereon.
In connection with our audit of the financial stateirjents, our responsibility is to read the other information and,
in doing so, consider whether tlie oilier information is materially inconsistent with the financial statements or
our knowledge obtained in the audit or otlierwise appears to be materially misstated. If we identify such
material inconsistencies or apparent Inaterial misstatements, we are required to deterniine whether tliere is a
material misstateinent in the financial statemcnts or a material misstatement of the other infomiation. If, based
on thc work we liave performed, we conclude that there is a material misstatement of this other infomiation,
we are required to report tliat fact.
We have nothing to report in this regard.
Opfinlon on other matters prescrfibed by the Companies Act 2006
In our opinion based on tlie work undertaken in the course of tlie audit:
tlie infomation given in the directors annual report for the financial year for which the financial statements
are prepared is consistcnt with the financial slatements; and
the directors annual report has been prepared in accordance with applicable legal requirements.
Matters OD whlch wo are required to report by exceptlon
In tlie light of our knowledge and understanding of tlie charitable company and its environment obtained in the
course of the audit, we liave not identified Inaterial misstatements in the directors annual report.
W¢ have nothing to report in respect of th¢ following matters where the Companies Act 2006 requires us to
report to you if, in our opinion:
adequate accounting records have not been kept. or
the finaii¢ial stateinents are not in agreement with the accounting records and returns; or
certain disclosures ofdirectors, remuneration specified by law are not made. or
ve have iiot received all the information and explanations we require for our audit. or
the directors were not entitled to prepare tlie financial statements in accordance with the small companies
regime and take advantage of tlie small companies exemption from tlie requirement to prepare a strategic
report.
Page 7

An Ciste Intheistiochta Caeilge
(A Company Limited by Guarantee)
Responsibilities of the directors
As ¢xplained more fully in the Directors, Responsibilities Statement set out on page 4. th¢ directors (who are
also th¢ directors of the charitable company for the purposes of company law) are responsible for the
preparation of tlie financial statements and for being satisfied that they give a true and fair view, and for such
internal control as tlie directors determine is necessary to enable the preparation of financial statements that are
free from material misstatement, whether due to fraud or error.
In preparing th¢ finaiicial statements, the directors are responsible for assessing the charitable coinpany's
ability to continue as a going concern, disclosing, as appli¢able, matters related to going concern and using the
going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to
cease operations, or have no realistic alleniative but to do so.
Auditor's responsibilltles for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whetlier the financial statements as a whole are free
from inaterial misstatement, Ivhether due to fraud or error, and to issue an auditor's report that includes our
opinion. Reasonable &ssuraiice is a higli levcl of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS (UK) will always detect a Tnaterial misstatement when it cxists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence tlie economic decisions of users taken on ihe basis of these financial slatements.
Irr¢gularities, including fraud. are instan¢¢s of non-compliance with laws and regulations. We design
procedures in liiie with our responsibilities, outlined above, to det¢ct matcrial misstatements in r¢spect of
irregularities, including fraud. Hoivever, the primary responsibility for the prevention and detection of fraud
lies with manageinent and the board of directors of tlie cliaritable company.
Identifying and assesslng potcntial risks related to irregularities
In identifyiiig and assessing risks of material mi5Statement in respect of irregularities, including fraud and
non-compliance with laws and regulations, we considered the followiiig:
tlie nature of the industry> sector and the specific control environment which it operates in.
the Charities own assessment of tlie risks tliat irregularities may occur, either as a result of fraud or error.
representations and results froin our enquiries with management and the board of directors regarding their
own ideiitificatioii and assessment of the risks of irregularilies.
enquiries of management relating to accounting estimates measurements. recognition criteria and justification
of sucl) ainounts;
any inatters we have identified having obtained and reviewed the Charities policies and procedures relating
* ideiitifying and assessing if laws and regulations are compliant and wliether they are aware of any instances
of non-coinpliance;
* detection and response to the risk of fraud and whether they are aware of any actual, suspected or alleged
fraud instances;
* the internal controls designed to mitigate risks or fraud or non-compliance with laws and regulations, and to
minimise risk of management overrides of such controls.
all matters discussed among tlie audit engagement team regarding how and where fraud could occur and the
potential indicators of fraud.
Page 8

An Ciste In￿e1StIOchta Gaeilge
(A Company Limited by Guarantee)
As a result of these procedures, we considered the opportunities and incentives that may exist within the
harity for fraud. The audit included assessing the procedures and evaluating the measurement of estimations.
In cominon with all audits under ISAS (UK), we are also required to perforni specific procedures to respond to
the risk of management ov¢rride.
We also obtained an understanding of the legal and regulatory frameworks applicable to the charity and
considered that the most significant are the Companies Act 2006, SORP 2019 (FRS 102) and Charities Act
(Northern Ireland) 2008.
Audlt responses to risks identified
Our procedures to respond to risks identified included the following:
reviewing tlie financial statement disclosures, testing tlie relevant documentation to assess compliance with
the significant laws and regulations - those described as having a direct effect on the financial statements;
enquiring with manageineiit and obtaiiiing third paty confirmation from the Charities Solicitors regarding
any actual or potential litigation and ¢laiins-
perforIning anal)Qical procedures to identify any unusual or unexpected relationships that may indicate risks
of material misstatement due to fraud.
reading minutes of board and manageineiit meetings, examine forecasting material in line with actual
perfonnance, identifying any potential fraud indicators or instances:
reviewing Companies Hous¢ and Cliarity CoInmission Northern Ireland correspondence, identify any late
submissions or omissions of mandatory inforination.
revi¢w corrcspondenc¢ with HMRC. identifying non compliance of specific inforniation to be disclosed.
in addressing tlie risk of fraud through Inanageill¢nt overrid¢ of controls, testing the appropriateness of data
entries and adjustments. &ssessing whether the judgements madc in making accounting estimates are indicative
of a potential bias: and evaluating the rationale of any sigiiificant transactions that are unusual or outside the
nomial course of th¢ Charitics objcctives.
We also cominunicated relevant identified laws and regulations and potential fraud risks to all engagement
team members and r¢inained alert to any indications of fraud or noncoinpliance with laws and regulations
througliout the audit.
As part of an audit in accordance with ISAS (UK), we exercise professional judginent and maintain
professional scepticism througliout the audit. We also:
Identify and assess the risks of niaterial misstatement of the financial statements, whether due to fraud or
error, design and perfonn audit procedures responsive to those risks, and obtain audit evidence that is
sutficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement
resulting from fraud is higher than for one resulting from error, as fraud may Involve collusion, forgery9
intentional Oinissions, misrepresentalions, or tlie overrid¢ of internal control,
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the
charitable company's intemal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and
related disclosures made by the directors.
Page 9

An Ciste Intheistiochta Gaeilge
(A Company Limited by Guarantee)
Conclude on the appropriateness of the directors, use of tlie going concern basis of accounting and, based on
tlie audit ¢vidence oblained, wlietl)er a material un¢¢rtainty exists related to ¢vents or conditions that may cast
significant doubt on tlie charitable compaiiy's ability to continue as a going concern. If we conclude that a
material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in
the financial statements or, if sucli disclosures are inadequate, to modify our opinion. Our conclusions are
based on the audit cvidence obtaiiied up to the date of the auditorfs report. However, future events or
conditions may cause the charitable company to cease to continue a5 a going concern.
-Evaluate tlie overall presentation, structure and content of the financial statements, including the disclosures,
and whether the financial statements represent the underlying transactions and events in a manner that achieves
fair presentation.
We communicate witli those charged with governance regardingg among other matters, tlie planned scope and
timing of the audit and significant audit findings, including any significant deficiencies in internal control tliat
we identify during our audit.
Patrick McGroarty
Senior Statutory Auditor
for and on behalf of
McGroarty Mccafferty & Company
Statutory Auditor
2 Carlislo Terra¢e
Derry
BT48 6JX
Date: 5 December 2024
Page 10

An Ciste Intheistiochta Gaeilge
(A Company Limited by Guarantee)
Statem¢nt of Finan¢ial Activiti¢s
for the year ended 31 August 2024
Y¢ar
Ended
2024
Year
Ended
2023
Unrestricted
Funds
Restricted
Funds
Income and Expenditure
Incoming Resources
Inconiing resourcesfroni generalingfiinds..
Voluiitary income
Investmeiit incoine
98,565
166,845
624,551
723,116
166,845
505,737
161,076
Total Incoming Resourecs
265,410
624,551
889,961
666,813
Resources Expended
Charitable activities
Governance costs
(121,264)
(2,494)
(624.551) (745,815) (572,632)
(2,494)
(2,493)
Total Resources Expended
(123,758)
(624,551) (748,309) (575,125)
Net Incomlng l (Outgoing) Rcsourcos
141,652
141,652
91,688
Balances brought forward I September 2023
953,423
1,532,102
2,485,525
2,393,837
Balances carried forward 31 August 2024
15.
1,095,075
1,532,102
2,627,177
2,485,525
The above amounts relate to continuing operations of tlie company.
Tlie coinpany lias no recognised gains and losses otlier than those included in the results above and therefore no
separate statement of total recognised gains and losses has been presented. There is no difference between the net
incoming resources for the year stated above and their historical cost equivalents.
Page 11

An Ciste Intheistiochta Gaeilge
(A Company Limited by Guarantee)
Balanee sheet
as at 31 August 2024
2024
2023
Notes
Current assets
Debtors
Casli at bank and in liand
12.
2,219,481
780,583
2,182,095
1,360,263
3,000,064
3,542,358
Current liabllltles
Otlier creditors
Accruals
360,513
12,374
1,048,070
8,763
13.
372.887
1,056.833
Net current assets
2,627,177
2,485,525
Total assets less current
liabilities
2,627,177
2,485,525
Income Funds
Unresiri¢t¢d fuiids
Restricted funds
16.
1,095,075
1,532,102
953,423
1,532,102
2,627,177
2,485,525
The financial stateinents are prepared in accordance with the special provisions of Part 15 of the Companies
Act 2006 and tli¢ Charity's SORP (FRS 102).
Tliese accounts have been prepared in accordance with tlie provisions applicable to companies subject to the
small companies regime.
The Financial Statements were approved and authorised for issue by the Board on 5 December 2024 and
signed on its behalf by
Dlrettor
Director
/vto 6
Company Number: N1602912
Page 12

An Ciste InTheistiochta Gaeilge
(A Company Limited by Guarantee)
Statement of Cash flows
as at 31 August 2024
2024
2023
Net incoming / (outgoing) resources for the year
(Increase)/ decrease in debiors
(Decrease)l increase in creditors
141,652
(37,386)
(683,946)
91,688
(3,321)
876,36l
Net cash (outflow)l inflow from operAtIDg actlvlties
(579,680)
964,728
(Decrease)I Increase in cash in the year
(579,680)
964,728
Reconclllatlon of net cash flow to movement in net funds
(Decre2se)Ilncrease in cash in the year
Net funds at I September 2023
(579,680)
1,360,263
964,728
395,535
Net funds at 31 August 2024
17.
780,583
1,360,263
Page 13

An Ciste InTheistioehta Gaeilge
(A Company Limited by Guarantee)
Notes to the accounts
for the year ended 31 August 2024
General information
The Cliarity is a private limited company by guarantee, registered in Northern Ireland and a registered
harity in Northern Ireland. The address of the registered office is Culturlann Ui Chanain, 37 Great
James Street, Derry, BT48 7DF.
1.1. A¢counting convention
The principal accounting policies adopted in the preparation of the financial statements are set out
below and have remained unclianged from the previous year, and also have been consistently applied
within the same accounts.
Tlie charity constitutes a public benefit entity as defined by FRS102. Tlie financial statements have
been prepared in accordance witli the accounting policies set out in notes to the a¢¢ounts and comply
with the charity's goveming document, the Charities Act (Nortliern Ireland) 2008 and Accounting and
Reporting by Cliarities: Statement of Recommended Practice applicable to charities preparing their
accounts in accordance with the financial Reporting Standard applicable in the UK and Republic of
Ireland publislied in October 2019 (SORP 2019) and the Companies Act 2006.
The financial statements are prepared on a going concem basis under the historical cost convention,
modified to included certain items at fair value. Tl)e financial statements are presented Tn sterling
wliich is the functional currency of the charity.
Incomlng resources
All incoming resources are included in tlie SOFA when the charity is legally entitled to the income
and the amount can be qualified with reasonable accuracy. The following 5pe¢ifi¢ policies are
applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the
statement of financial activities when receivable. Grants where entitlement is not conditional on the
dclivery of a specific performance by tlie charity, are recognised when the charity becomes
unconditionally entitled to the grant.
Donated services and facilities are included at the value to the Charity where this can be quantified.
The value of services provided by volunteers lias not been included.
Gifts donated for resale are included as incoming resources witliin activities for generating funds
when they are sold.
Resources expended
All expenditure is accounted for on an accruals basis as a liability IS incurred and hag been
classified under headings that aggregate all costs related to the category.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities
and services for its beneficiaries. It includes both costs that can be allocated directly to such
activities and those costs of an indirect nature necessary to support them.
Page 14

An Ciste Intheistiochta Gaeilge
(A Company Limited by Guarantee)
Notes to the accounts
for the year ended 31 August 2024
1.4. Fund accounting
Unrestrlcted funds
In accordance with tlie memorandum and articles of association, surplus funds are held in order to
ensure tliat tlie charity can meet the costs of administering the fund. Any interest earned by An
Ciste Intheistiochta Gaeilge on its assets or cash reserves sliall be used for the distribution to
grant-assisted projects andl or runnii)g Costs of th¢ board in accordance with its aims and
objectives.
Restrietod fund5
Capital fund
Incoixe for the capital fund is derived from the advancement of £8 million grant income for capital
and related expenditure. An Ciste Inlheistiochta Gaeilge should be in a position to disperse £8
million by way of grant assistance to projects.
1.5. Cash at bank
C￿h at bank and cash equivalents are stated at cost at the financial year end.
1.6. Pension schemes
The pension costs cliarged in the financial statements represent the contribution payable by the charity
during the year.
1.7. Company status
The charity is a company limited by guarantee and does not have a sliare capital.
1.8. Going con¢ern
The financial statements have been prepared on a going concern basis as the directors believe that no
material uncertainties exist. The directors have considered the level of funds held and tlie expected level
of income and expenditure for 12 months from authorising these financial statcments. The budgetcd
income and expenditure is SU￿1cle1]t with the level of reserves for the charity to be able to continue as a
going concern.
Voluntary Income
Year
Ended
2024
Year
Ended
2023
Unrestricted Restricted
Funds
Funds
New Decade New Approach
Department for Communities
DFC - Capital Fund (See note 14)
Donations and managment fees
204,887
139,454
280,210
204,887
139,454
280,210
98,565
198,317
165,620
100,000
41,800
98,565
98,565
624,551
723,116
505,737
Page 15

An Ciste Infibeistiocbta Gaeilge
(A Company Limited by Guarantee)
Notes to the accounts
for the year ended 31 August 2024
Investment Income
Year
Ended
2024
Year
Endod
2023
Unrestrlcted
Funds
Rcstrietod
Funds
Bank interest receivable
Loan interest
9,345
l57,500
9,345
157,500
3,576
157,500
166,845
166,845
161,076
Cost of Charltable Actlvlties by Fund Type
Year
Ended
2024
Year
Ended
2023
Unrestricted
Funds
Restrlcted
Funds
Grants payable
Progainme & support costs
280,210
344,341
280,210
465,605
i 00,000
472,632
121,264
121.264
624,551
745,815
572,632
Governance Costs
Year
Endcd
2024
Year
Ended
2023
Unrestricted
Funds
Restrlcted
Funds
Professional fees
2,494
2,494
2,493
2,494
2,494
2,493
Page 16

An Ciste Intheistiochta Gaeilge
(A Company Limited by Guarantee)
Notes to the accounts
for the year ended 31 August 2024
Analysis of Grants Payable
Year
Ended
2024
Year
Ended
2023
Pobal An Cliaistil (See Note 14)
Cumann Gaelach Leatli Chatliail
Glor Uacliiar Pire
Cairdc Uf Néill
39,894
16,000
176,316
48,000
100,000
280,210
i 00,000
Analysis of Programmc & Support Costs
Year
Ended
2024
Year
Ended
2023
Unrestricted
Funds
Restricted
Funds
Staff Costs
Consultancy fees
Premises
Coininuni¢ations and IT
Finance costs
Office costs
Travel and subsislence
Computer costs
Sponsorsliip
Programme cosls
Dept For Coinmunities expenses
New Decade New Approacl) expenses
Promotional costs
Website costs
Legal fees
Subscriptions
Sundry expenses
10.
71,596
18,150
5.042
2,152
320
810
3,570
421
8,214
1,854
40,009
111,605
18,150
5,042
2,152
320
810
3,570
421
8,214
1,854
139,454
164,878
108,766
17,860
5,139
2,569
292
1,182
3,491
476
6,350
100
165,620
158,242
370
139,454
164,878
5.500
3,600
35
5,500
3,600
35
1,200
600
375
121,264
344,341
465,605
472,632
Page 17

An Ciste Intheistiochta Gaeilge
(A Company Limited by Guarantee)
Notes to the accounts
for the year ended 31 August 2024
Analysis of Professional fees
Year
Ended
2024
Year
Endcd
2023
Audit Renumeration
2,494
2,493
Net (outgolng)I Incomlng rosources for the year
Year
Ended
2024
Year
Ended
2023
Net {outgoing)/ incoming resources is stated after charging:
Auditor's remuneration
2,494
2,493
Page 18

An Ciste Intheistiochta Gaeilge
(A Company Limited by Guarantee)
Notes to the accounts
for the year ended 31 August 2024
10.
Staff costs
Year
Ended
2024
Year
Ended
2023
Wages and salaries
Social security costs
Other pension costs
81,497
7,080
23,028
84,300
4,934
19,532
111,605
108,766
Number of employeos
The nuinber of employees who earned more than £60,000 during the year was as follows:
2024
Number
2023
Numb¢r
£60,001 to £70,000
The average monthly numbers of employees during the year, calculated on the basis of full time
equivalents, was as follows:
2024
Number
2023
Number
Number of staff
11.
Taxation
As a cliarity, An Ciste Inffieistioclita Gaeilge is exempt from tax on income and gains falling within
section 505 of the T￿eS Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent
that these are applied to ils cliargeable objects. Accordinglyg no tax chllrges have arisen in the charity.
12.
Debtors
2024
2023
Other debtors
Investment Interest
2,216,137
3,344
2,182,072
23
2,219,481
2,182,095
Page 19

An Ciste Infheistiochta Gaeilge
(A Company Limited by Guarantee)
Noles to the accounts
for the year ended 31 August 2024
13.
Crcditors: amounts falling due
witbin one yoar
2024
2023
Bank overdrafts
Taxation and social security
Accruals (See Note 14)
Deferred iiicome (See Note 14)
1,479
12,374
359,034
1,571
8,763
1,046,499
372,887
1,056,833
14. Prior perlod adjustment
The coniparative amouiits for the prior period for capital grants have been restated to reflect the
amounts Iliat liave been paid rather than the amounts agreed. The impact of this adjustment on tlie
prior period StateInent of financial Activities shows an decrease in the restricted income relating to
Department of Communities Capital Fund income from £340,000 to £IOO,000, and a decrease in
restricted expenses relating to the Department of Communities Capital Grants paid from £340,000
to £1 00,000.
Th¢ impact of ihis adjustm¢nt on the Balance Sheet reflects an increase in tl)¢ amount of
Dcpartment of Coinmunities income deferred from £760,000 to £1,000,000 and decrease in the
accruals relating to Capital Grants agreed from £248,763 to £8,763.
15.
Movements in Funds
At
At
I September Incomlng Outgoing 31 August
2023 resources resourccs
2024
Restricted funds:
Total restricted funds
Unrestrlcted funds:
Total unrestricted funds
1,532,102 624,551 (624,551) 1,532,102
953,423 265,410 (123,758) 1,095,075
Total funds
2,485,525
889,961 (748,309) 2,627,177
Page 20

An Ciste Intheistiochta Gaeilge
(A Company Limited by Guarantee)
Notes to the accounts
for the year ended 31 August 2024
16.
Analysis of net assets between funds
Net current
assets
Total
funds
Restrlctod Income Funds:
Capital Fund
1,532,102
1,532,102
Unrestricted Income Funds:
1,095,075
1,095,075
2,627,177
2,627,177
17.
Cash and cash equlvalents
2024
2023
Casli at bank and in hand
780,583
1,360,263
18.
Related Party Transactions
There was a loan of £2. Im given to a company in December 2017, of which the company is a director
and shar¢holder.
Included in consultancy fees is a payinent for £3,000 made to a board member for services provided.
19.
Limited by Guarantee
Tlie company is limited by guarantee and does not liave a sl)are capital.
All of its members must contribute to the assets of the company in the event of winding up in an
amount not cxceeding £1 O per member.
20.
Controlling interest
Controlliiig interest rests with the Board of Directors.
21. Post Balance Sheet events
No significant events liave taken place since the year end that would result in adjustments to 2024
financial information or inclusion of a note thereto.
Page 21