Lionra Uladh Teo IA eompany Ilmlted by gllarnntee. npt havlro 16harg capltpll TRUSTEES. ANNUAL REPORT for thp finandal year ended 31 December 2022 The tru81ees present their Tntee, Ant)ual R&pDrt, comblniro the Dlrectors, Report and Truste8s' R8Wrt, and unauditetl financlal s18tgments for th8 financbal yèar ended 31 Decembèr 2022. Tho fInala1 8tatements arB prepared in accordance with th8 Compgnles Act 201, FRS 102 The Flnanclal R8POrtlng Stand&rd applicable In the UK 8nd Republio of Ireland and Accountln9 and Raporting by Charltles.. Stgtement of R8coinmended Practl applic9ble to charitieg preparlng their linanclal stat8rnents in Occordan¢ with the Financial Reporfng Stan(J8rd appllcabl8 in the UK $nd R8public al Ireland (FRS 102). The Tnjstees, Report ¢>JTrtains the informallon raquir8d to be provided the Tru8t8ès' Annual Report undgr the Sl8temenl of Reoommended Practic& (SORPI guidelines. Thè Iru8tee8 of the Company are also charity trusleas for 1ha purpose of charlty law aruj undér tha company's constitution are knDwn as memters of tha boerd of truste88. In Ihls raport th8 trugteeg of Llonra Ulgdh Teo pregènt a summ9ry of its purpo88, govemance, activitl85, &chlovem8nts and financ for the flnancial flnancial year 31 December 2022. The company Is a r8gistered charSty and hanc• Ihe report and re8uIt8 PTe pre98nted In a fomi which compllo8 wlth the rU1reMntg of the Ccffnpanle8 Act 2006 ST, although not obliged to comply wlth the Statent of RecDmmended Pracllc8 applicable In t UK and Rapublic of IKelgnd FRS 102, tha org&nisallr)n he8 Implem8nt8d Its reeommgndatiany whera relevant in th85& finanrial statements. Ibslon. Objgctlvgj and 8trat•gy Ml•8lon Statsmont The m55sion of the orggnisallon 16 to PIC0 cultural, economlc arKI 8QCi81 regeneratlDn, gdvanca communlty dav8lopment and promote Ihe rellef of pov&ty and 90oial 8xGlusion. Th8 prfncip8I actlvlty of the charity 18 th8 devolopm8nl of a purpo8bU11t broadcasting, 8ourKI r8cordlng, medla Iralning 9nd archiving c£ntr8 88 8 h3me for tha Ir18h langugga communtty radlo gèrvice. Raldlo Faiite. ObJectlvoB Asslsl any charltsblg, voluntsry or communlty body or bodi&s whlch assl8tanc4 may includ8 Inforn)Ing the communlty Df tt11 activilleg. Promote such other exclusively charitabl8 purp08e5 In a&xrd&nce wlth th& law of charlty In Northern Ireland as may from tlme to time be det&rmln8d. The Board of Dlr8dor8 wish lo keep an rgcord our grallludé to tha wid& range of communSty and gt8tutory stakeholdèrs who supported the LIMra Uladh capltal bulld project 8130 Sraid Dhubhai98 (complo19d October 20181 in particular Belfast City Coun¢il, Department for Communitie5, An Cistè Infh818tlocht8 Gaèllge, the Alpha Programme, Foras na G99ilge, Nl Scr98n•lLBF, RAldié Faille 5tsfl and volunteers and the many community stsk8holder9, both Indivlduols and organSsallon8 who sUPPOrted the capital build. The Board of DlreGlors al•0 grRlefully acknowladge the contribution of Nl Hou8lng Executive and D8partm8nt of Infra8truclur8 in ralation to tranBfer of land in the foim of community a88el transfer reements, Strategy The cenlre, LIDnra Uladh, whlch was fir8t occupied In October 2018, mak88 an important, Strategic contribution to the growth of Gaeltacht Quartgr 8conomic regeneratlon plans end to the oTrgolng dgv8lDprnent of an Irlsh language medls and community Infrastructure. StNcture, Gov•rn4ncg and Management structuro Llonr9 Uladh T80 was granted charllablo ststus by the Charlty clMi9810n of North8m Iraland leffeGUv& 4 March 2016) To manage the bullding phese of tha c8Pital (bvelopment a Memorandum of Understandlnu IMOU) w88 agreed bèlwgen the fundlng bodies and Llonra Ulgdh TeD, wilh the Department of Ccmmunfti85 acting the cgnlr81 fundlng gdministralivè contact point throughoul. Conveyance Df18nd belwe8D Depathènt of InfragtTUCture and Llonra Uladh Teo was ayree(I, dated 13 January 2017, wilh Department of InfraslructUT8 having responsibility for upkeep 8nd repalr of the Ivvgsllink off slip) r6tsining wall. Tha Dopartmenl of Infre8lruclure retain rlghl of a¢ces5 to th8 demlsed promi8as to fulfil thls CDndltion. A 999-year laasa dated 6 Docamber 2018 wai made between Northem Ireland Housing Execullve and Llonr8 Uladh Teo, offectlve from 9 OctDber 2018. A 25-year fvll-repairinglfull-insurino Ige, dated 6 Decomber 2018, was gr8ntsd by Llonra U18dh Teo to RaKIIO Failte Teo, gffethe from 9 Oclobar 2018. Raldlo Fakn Teo operate Ihe building and extemal area8 as an Irish lar¥Juage
Llonra Uladh Teo IA eompony IIEYbited by guarnnts•. not hovlng a shjrg capltafi TRUSTEES. ANNUAL REPORT lor the finan¢lal year andgd 31 Dac&mber 2022 communty r88ou. The defed8 period h8S tfftn futher extended due to ongolNJ Issues with watsr Ingr889, compounded by the Impact of the Covlck19 pandemic. It19 hoped that outst&nding isSU88 will be fftsofv8d In Iho near futur8 and that ratenlK)n mon185 wlll bg paid to the Contractor. All grant fundlro hag been grstefulty r8colved and has bean ring-fènc8d for thls purposo. Durlng the course of th& 2020 flnanclal ypar. inili01 staps were taken to put agreements in placo to transfer a soclion of the slte on which the Llonra U18dh Raidio Failte buildlng Is IDcated to Dlvis Joint Development Commlttae, In pur¥uanc8 of thelr charltable objectives. Th6 lèase agr&em6nt.wa8 signed by the partlas IRaldiO Faiits TeD & Divi5 Jolnt Development Committee) on 8 Novernber 2022, with tha stsrt dale of thÈ1oa88 belng 1 Octotér 2022 and th8 end dal8 30 Septsmber 2027. The rent is £1.00 annum lif oo118ctadl. Tha P&rmitted Us8 pernlts the Less6e lo uge thg Dembed Pr8mis88 &8 an 8xion810n of children's play area and smal events 8reo for childran'8 activity or guch other use whlch the Le380r consents to in writing, The Dlrectorn of Llonra Uladh Teo are sat18fiod that thig 5pOrts th8 mi9slon and charllthl8 oblectlv88 OF Ihe organ199tion. Incomo During the linanclal year tha PTinclplg SOUTCè of Income wa$ that of rentsl incoma for th8 uga of the buSldlng which ac£wntg for all Incom8 in the acD)unts. The was no oddwcnal grant funding iecelvad durfng this financial yoar. Flnanclil Rè•ults At the gnd of the flnancial year the company has assets 01 £1,788,90112021- £1,807,420) and118bS1itie8 of £2,447 12021- £2,447). The nel 998els of tha company have dacreaSl by £(18,6191. RèseNg9 Posltlon and Pollcy The tNs18eg hav8 con8id6red the lavel of unreslrfcted r88grvo8 the chArlty should ho. As the buildlng wgs fully fvnded by the raspeclivp fundern, lo bg utillsed In the chorlti89 actlvltl&s, the trust889 do not believe thera is a requif8menl to hold unrestricted reserv95. The Iiusts89 wlll continue to review this poficy a8 the charltlès athilbs cOnnUe. Tru•te88 The curr8nt trusts88 ar& as sel Dut on p8g6 3 Dr POI Mac Cana Maire Nl¢ FhlDnnachtsigh Alne Nlc GBrailt Fergus O'Haie Gèarbld O Caireaiiain In acrdanCe with the Con81itulion, the trusts89 may ba appolnted by an ordlnary resolutlon or a declsion of the directors, Tha secretary who serv6d during the financlal y•ar waa: Malre Nlc Fhlonnachlaigh Compllanc8 wlth Soctor-Wld• Lou181atlon and StsndardB Tha wmpany eng8gas pro-acllvely with19glslation, stand8th and code8 which are dovelopod for the sector. Llonra Uladh Teo subscribe8 to and Is compliant with the followin9'. The Companies Act 2006 The Chath SORP (FRS 102) Approved by tho Board ol Truoteps on 12 8optembor 2023 And ¥lyned on119 beh•lf by., 14 Dr POI Mac Cana Trustee Aine Nlc Gerallt Trustse