REGISTERED COIVIPANY NUMBER: N1631969 (Northern Ireland) REGISTERED CHARITY NUIVIBER: NIC107062 Re rt of the Trustees and Audited Financial Statements for the Year Ended 31 March 2024 I nad Uibh Eachach an Llmited b Guarantee Acom Drake & Co Ltd StstOry Auditors 1st Floor 34 B-D Main Street Moira Co. Arniagh BT67 OLE
lonad ibh Eachach Contents of the Finaneial Statements for the Year Ended 31 March 2024 Page Reference and Administrative Details Report of the Trustees 2 to 8 Report of the Independent Allditors 9 to 12 Statement of Flnaneial Aetivities 13 Statement of Financial Position 14 Statement of Cash Flows 15 Notes to the Statement of Cash Flows 16 Notes to the Ffinanelal Statements 17 to 31 Detalled Statement of Finaneial Activities 32 to 33
Ionad Uibh Eachach Reference and Administrative Details for the Year Ended 31 March 2024 TRUSTEES Aisling Walls Aoife Ni Phoilin Emma Berkery (resigned 221612023) Siobhan McKenna Colma Mhic Aoidh (resied 221612023) Jacqui Bradley (appointed 221612023) Mairead Connolly (appointed 221612023) REGISTERED OFFICE 34a Iveagh Crescent Belfast BT12 6AW REGISTERED COMPANY NUMBER N1631969 (Nortb¢rn Ireland) REGISTERED CHARrrY NUMBER NIC107062 INDEPENDENT AUDITORS Lynn Drake & Co Ltd Statutory Auditors 1st Floor 34 B-D Main Street Moira Co. Arniagh BT67 OLE Ulster Bank Unit G, Westwood Centre Kemiedy Way Belfast BTII 9BQ CHIEF EXECUTIVE OFFICER Sinead Mcconnell
Ionad Uibh Eaehaeh ort of the Trustees for the Year Ended 31 Mareh 2024 The ttustees who are also directors of the chality for the puryoses of the Companies Act 2006, PTesent their report with the financial statements of the charity for the year end¢d 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recornmended Practice applicable to charities preparing their accounts in accordance with th¢ FinanciaE Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effectiv¢ l January 2019). OBJECTtVES AND ACTIVITIES Objectives and aims Raiteas Misin/Mission Statement: Pobal Slan, sabhailte, a thogail thart ar ar bpaistf ina bhfuil an Ghaeilge ar fail do chach To build a safe and healthy community around our children in which the Irish language is accessible to all. Sprioeanna & Aidhmeanna / Aims & Objectives (l) Ionad Uibh Eachach is an Irish Language Family and Community Centre for parents, children and the local community in an area of need. (2) lonad Uibh Eachach provides high quality, child-centred inclusive early yearfs childcare, playgroup, preschool and afterschool services through Irish in order to support high level outcornes for children. (3) Ionad Uibh Eachach provides a comprehensive cultural & language programme for th¢ local community including cultural, educational, training and support opportunities combined with long terni training & employment opportunities for local people. (4) lonad Uibh Eachach encourages parentsl participation in their child's development and provides an annual programm¢ of parental engagement and ongoing family support for families and children facing challeng¢s. (5) lonad Uft)h Eachach promotes partnership with paTents, children and the local community in every aspect of their work. (6) Ionad Uibh Eachach actively seeks to open Irish Languag¢ to all sections of the community. Principl¢ activities Ionad Uibh Eachach provides cultural, educational, training and support opportunlties for local people combined with education, daycare and childcaT¢ s¢rvi¢¢s through Irish for over 130 children daily.
I nad Uibh Eaehaeh ort f the Trustees for the Year Ended 31 March 2024 OBJECTIVES AND ACTIVITIES Public benefit Purpose I lonad Uibh Eachach is established for the advancement of cultural and educational activities and services through Irish in an interdenominational context for children, youth and thetr families. This supports the building of a safe and healthy Irish language community around our children, youth and their families, which is open to all. Benefits flowing from this include improving social cohesion/ inclusion through community involv¢m¢nt in developing a language community, developing and inspiring community pride aTound culture language and heritag¢ and promoting community regeneration. These benefits are demonstrated by enhanced community engagement in the d¢sign and d¢velopm¢nt of Irish language s¢rvi¢¢s and faciliti¢s, by increased community activity around education, culture and language which is open and inclusive thus breaking down barriers between and within comrnunities and improving th¢ quality of life of the those participating or receiving servic¢s. Purpose 2: Co-ordinate and provide ITish culturdl & educational activities in the Belfast area. This supports the Provision of community educational and cultural activities alongside th¢ development of training and support opportunities for parents and the community. Benefits include enhancem¢nt of educational opportunities available to parents & local people, enriching public understanding and appreciation of the language and culMral landscape and direct benefits for those accessing training and support. These benefits are demonstrated by enhanced knowledge and understanding of those accessing educational opportunities, a sense of identity and wellbeing among those involved in culmral activities and increased confidence and skill of those accessing training and support. The public benefit from preserving the cuItt¢ and language for future g¢nerations. Purpose 3.. To provide high quality Trisb language early years care, education and support services to children, youth and their families. The benefits that flow from this purpose include the positive impact of high quality Irish languag¢ ¢arly years Care & education on children and their families combined with parental engagement programm¢s and additional and targeted support for children and families in need. Additional educational benefits flow from second language and imn]ersion provision for very young children, preschool and afterschool children. The inclusion of children with additional needs and ethnic minority children offers increased care and educational opportunities to those in need in the community. Evidence of these b¢n¢fits includes enhancing the learning and cognitive developrnent of children through use of a second languag¢ - a head start in education and development. Holistic services for the whole family support parental engagement in children's learning and development which enables parents to better support their children's development and enhances confidence and self esteem of children and parents. Help and support for children and families in need improves the educational and life experience of those families. Th¢r¢ is no id¢ntifiabl¢ harni relating to any of these puryoses which will publicly benefit the community as a whole, the trish language cornmunity, childr¢n, youth and th¢ir families. The creation of employm¢nt and training in lonad Uil)h Eachach will privately benefit those employed and trained but this is necessary to carry out the main purpose of the organisation. FINANCIAL REVIEW Financial Revlew The company had net outgoing resources for the year of £11,810 (2023.. net outgoing resources of £30,452), which reflected the completion of a number of projects during th¢ y¢ar. N¢t Unr¢strict¢d R¢s¢rves increased by £4,251, while Net Restricted Reserves decreased by £16,061. The charity continues to work tirelessly to secure income from various sources to finance its ongoing activities with key stakeholders. The main source of fimding are grants received from various bodies as disclosed in note 4 in the financial statements.
Ionad Uibh Eaehach ort of the Trustees for the Year Ended 31 March 2024 FINANcL REVIEW Reserves policy Policy Statement: Ionad Ufbh Eachach Reserves Policy will address the organisations responsibility to: l. identify and plan for the maintenanc¢ of essential services for beneficiaries on an ongoing basis assess the risks of unplanned closure due to changes in the financial andlor fidIng climate on an annual basis taking into account spending commitments, potential liabilities and financial forecasts assess the risks of unplanned closure on beneficiaries (in particular, vulnerable beneficiaries), staff and volunteers IUE Reserves Policy will be published and mad¢ available to funders, members, stakeholders and beneficiaries, the public and relevant staMtory agencies to clarify exactly what reserves are kept for (or not kept) and when they are to be used. The Reserves policy will be regularly monitored and reviewed by the Board and subject to fonnal r¢vi¢w annually. Ionad Uibh Eachach will only accrue reserves for the following purposes: l. To support gaps in cash flow due to delay in acc¢ssing fimding 2. To support particular project expenditure for which th¢ mon¢y has been raised ie capital expendItte 3. To support the discharge of the organisation's legal responsibilities with regard to redundancy r¢quirem¢nts in th¢ ¢vent of significant loss of fimding. 4. To accru¢ r¢sffv¢s in the ¢v¢nt of significant loss of funding 5. To support the discharge of the OTganisation's legal requirements in relation to pensions legislation (auto enrolment) and in Tesponding to the rise in the National Living Wage. R¢s¢rves will not exceed any rnore than 4 months essential expenditure foT the organisation unless sp¢cifi¢ally agr¢¢d in the ev¢nt of a large capital project. IUE Board role: l. The IUE Board reviews the position of r¢serv¢s at least quarterly to ensure that free reserves are maintained at a safe operational level. 2. The Board signs off the reserve policy on an annual basis and any challges made in-year du¢ to unforese¢n circumstances. Accumulated Reserves: In the event of reserves being accumulated which are not used for the stated purpos¢.' l. Th¢ reserye must be sp¢nt in line with the aims and objectives of the project 2. This expenditure must be clearly identifiable 3. This expenditure must be clearly discussed with stakeholders, users, and fund¢Tr. Reserves must be clearly identifiable and specifically 5hoNvn in audited Ydccounts.
Ionad Uibh Eachaeh ort of the Trustees for the Year Ended 31 March 2024 FINANCIAL REVIEW Appendix I Redundancy Reserve Redundancy reserve It is proposed to build the reserve up to £1 00,000 in the light of current uncertainties about funding. The current reserve figure for redundancy in April 24 is £62,777 Contingency Reserves - (in the event of closure) It IS Proposed to identify up to 4 months essential expendittsre as current contingency reserves at a figur¢ of £75,OOOlmonth including £60,000 wages and £15,000 running costs Imonth. The identified reserve figure for contingency in April 2024 is £200,000 (3 months) Essential maintenance Maintenance reserve It is proposed to retain a reserve of £50,000 to carry out essential maintenance and repairs due to the age of the building to avoid disrnption to service in case of damag¢ OT ¢meTgency aintenance. The current reserve figur¢ in April 24 is £30,000 Summllry of Designated Reserves 2024-2025 Redundancy Reserve Contingency Reserve Contingency Res¢rv¢ Essential Maintenanc¢ Total Designated Reserves £ 62,777 £165,000 (3 Months Salary) £ 35,000 (3 Months Running Costs) £ 30,000 £292,777
lonad Ui h Eaehach ort of the Trustees for the Year Ended 31 March 2024 FINANCIAL REVIEW REVIEW OF THE YEAR lonad Uibh Eachach services continued to offer a high level of service for the local cornrnunity in 2023-2024 from the high demand for baby & toddler units and have had good participation in parenting & family events, increase in numbers accessing family & play support, students of all ages attending Irish classes at all levels. There were successes, highlights, and challenges. The complex fimding landscap¢ and the r¢maining fimding uncertainty bave only added to this challenge. The need for realistic long-t¢nn inveslment in conununity based early years and Irish language services remains. Services provided in 23-24 included- l. High quality childcare through Irish for children aged 0-12. 2. Irish language immersion playgroup, wrap around preschool and afterschool provision 3. Cultural and languag¢ programme for adult Learners weekly including trish language classes from b¢ginn¢r to GCSE & A Level. Culturavlanguage spring and summer festivals including discussion panels, Irish classes, music/dance and health & well b¢ing workshops also d¢livered 4. parental engagement progran]mes with stay and play inhousc sessions as well as family trips being delivered. 5. One to one play support for children was delivered in house weekly. 6. Continu¢d development of training and ¢MpIo¢llt opportunities for local people. 7. Ongoing partnership with the local community including participation in th¢ Gr¢at¢r Falls Neighbourhood Partnership, Greater Falls Family Support Hub, An Ceathru Gaeltachta and the Belfast Childcare Partn¢Tship.
Jonad Uibh Eachach ort of the Trustees for the Year Ended 31 Mareh 2024 FUTURE PLANS lonad Uibh Eachach works to a strategic plan which was reviewed in January 2024 and identifies the key them¢s and strategic objectives of the organisation for the fukne. l. Cultur & T¢ananguage & Culture - a. Supporting community regeneration and renewal through tbe language and culture b. Support Lifelong Learning & rais¢ the profile of the trish Language in the local community. 2. Curam & Oideachas/Care & Education- a. Building tomoThow's Irish Language Community-provision of early year's services through Irish b. High quality, inclusive, child centred, s¢rvi¢es & involving parents in their child's early education 3. Pobal & TuismitheoirVParents & Community- a. Building an inclusive & responsive trish Language community around children and their families b. Provision of parental engagement & family support services to strengthen resili¢nc¢. . Ensuring that the Languagelculture and Ionad services ar¢ rel¢vant & accessibl¢. 4. Geilleagar soisia1ts0Clal Economy a. Building the Irish language community by developing community-based daycare through Irish as a model for the sector. Provision of training and long-temi employment for the local & Irish language community 5. lonad Uibh Eachach a Fhorbairt & a Bhuanu mar Ionad Barr Fheabhaisl a. Develop & Sustain Ionad Uibh Eachach as a Centre of Excellence b. Strengthen governance & financial systems - Expand IUE human r¢sourc¢s. . Codify quality assurance systems & Enknce sustainability. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing do¢urn¢nt The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Recruitment and appolntment of new trustees The Charity follows an appraisal process to identify the skills required for th¢ Trustce Board and to identify any skills gap on th¢ Board. Members of the Trustee Board receive a full induction programme on joining the Trustee Board and thereafter r¢¢¢ive ongoing training and briefing sessions.The board completes an a[Ual evaluation of its effectiveness. Actions arising from this process are integrated into the coryorate workplan. The Trustee Board uses open recruitment and strives to ensure that ther¢ is ad¢quat¢ local representation on the Trustee Board. The trustees delegate the day to day nll]ning of Ionad Uibh Eachach to that of the chief executive officer. EVENfs SINCE THE EIYD OF THE YEIIR Infonnation relating to events since the end of the year is given in the notes to the financial stat¢m¢nts. TRUSTEES, RESPONSIBILITY STATEMEIYT The trustees (who arc also th¢ directors of Ionad Uibh Eachach for the purposes of company law) are responsible for prepaTing the Report of the Trustees and the fancial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland
Ionad Uibh Eachaeh rt of the Trustees for the Year Ended 31 March 2024 TRUSTEESI RESPONSIBILITY STATEMEIYT - contAnued Company law requires th¢ ttwstees to prepare fancial statements for each financial year which give a tru¢ and fair view of the state of affairs of the charitable company and of the incoming Tesources and application of resourc¢s, including the income and expenditure, of the charitable company for that period. In preparing those fmancial statements, th¢ tnjstees are required to select suitable accounting policies and th¢n apply them consistently. observe the methods and principles in the Charity SORP. make judgements and estimates that are reasonabl¢ and prudent. prepare the financial staternents on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The tsustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enabl¢ them to ensure that the financial statements comply with the Companies Act 2006. They ar¢ also responsible for safeguarding the assets of th¢ charitable cornpany and hence for taking reasonable steps for the preVtIOn and detection of fraud and other irregularities. In so far as the trustees are aware: there is no relevant audit infom]ation of which th¢ charitable company's auditors are unaware. and the trustees have taken all steps that th¢y ought to have taken to make themselves aware of any relevant audit inforniation and to establish that the auditors are aware of that infonnation. AUDITORS The auditors, Lynn Drake & Co Ltd, will be proposed for re-appointment at the forthcoming AJ]nual Genernl Meeting. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on 6 December 2024 and signed on its b¢half by.. Siobhan McKenna - Trustee
Re rt of the Inde en lonad Uibh Eachach ent Auditors to the Members of Opinion We have audited the financial statements of Ionad Uibh Eachach (the '¢haritable company,) for the year ended 31 March 2024 which comprise th¢ Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and not¢s to the financial stat¢ments, including a summary of significant accounting policies. The financial reporting framework that has been applied in th¢ir preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,. In our opinion the financial statements: give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then have been properly Prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinfion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the fmancial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the fancial stat¢m¢nts in th¢ UK, including th¢ FRC'S Ethical Standard, and the provisions available for small ¢ntiti¢s, in the circumstances set out in not¢ 19 to th¢ financial stat¢m¢nts, and we have fulfllled our oth¢r ¢thical 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. Conelusions relathig to golng eoneern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the fll]ancial statements is appropriate. Based on th¢ work we have perforn]ed, we have not id¢ntified any material unc¢rtainti¢s relating to events or conditions that, individually or collectively, may cast SIlf1¢ant doubt on the charitsble company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of th¢ trustc¢s with T¢SP¢Ct to going concern ar¢ described in the relevant sections of this report.
ort of the Inde endent Auditors to the Members of lonad Uibh Eaehaeh Other information The trustees are Tesponsible for the other inforniation. The other infonnation comprises the infonnation included in the Amiual Report, other than the financial statements and our Report of the tndep¢nd¢nt Auditors ther¢on. Our opinion on th¢ financial statements does not cover the oth¢r infonnation and, except to the extent otherwis¢ explicitly stated in our report, w¢ do not ¢xpress any fonn of assuranc¢ conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read th¢ other infonnation and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit OT otherwise appears to be rnaterially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the fmancial statements themselves. If, based on the work we have perfomled, we conclude that there is a material misstatement of this other infomation, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the COUTse of th¢ audit.. th¢ inforn]ation given in the Report of the Truste¢s for the financial y¢ar for which the financiat statements are prepared is consistent with the financial statements. and the Report of the Trustees bas been prepared in accordance with applicable legal requirements. Matters on whieh we are required to report by exeeption In the light of the knowledge and understanding of the charitable company and its enviromnent obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to r¢port to you if, in our opinion: adequate accounting records have not been kept or returns ad¢quat¢ for our audit have not b¢¢n received from branches not visited by us. or the financial statements are not in agreement with the accounting records and returns. or certain disclosures of ttust¢es' remuneration specified by law are not made; or w¢ hav¢ not received all the inforniation and explanations w¢ r¢quir¢ for our audit. or th¢ trustees were not entitled to take advantage of the small companies ¢xemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trnstees. Responsibilities of trnstses As explained more fvlly in the Trustees, Responsibilities Statement, the trnstees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees deterniine is necessary to enable the preparation of fanCIaL statements that are free from aterial misstatement, whether due to fraud or error. In preparing the flllancial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the tnJsEes either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. io
ort of the Inde endent Audi lonad Uibh Eachach to the Members of Our responsibilities for the audit of the fmancial statements Our objectives are to obtain reasonable &sswance about whether the fmancial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always d¢t¢ct a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influenc¢ the econornic decisions of users taken on the basis of these fmancial statements. The ¢xtent to which our Procedures are capable of detecting iegulaTities, including fraud is detailed b¢low: Irregularities, including frau( are instances of non-compliance with laws and regulations. We design procedur¢s in lin¢ with our responsibilities, outlined above, to detect material misstatements in respect of IegularitICs, including fraud. The extent to which our procedures are capable of det¢¢ting irr¢gularities, including fraud is detailed below.. Based on our understanding of the company and industy, we identified th¢ principal risks of non-compliance with laws and regulations as those that have a direct impact on the detemiination of material amounts and disclosures in th¢ fmancial statements. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements and delern]ined that the Principal risks related to revenue recognition. We communicated the id¢ntified laws and regulations throughout the audit team and remained al¢rt to any indications of non-compliance throughout the audit. Audit procedures perfornied included, but w¢r¢ not limited to: Discussions with management including consideration of known or suspected instances of non-compliance with laws and regulation and fraud. Reviewing the financial statement disclosures and testing to supporting docum¢ntation' Review of board meeting minutes of thos¢ charged with governance; In addressing the risk of fraud through management overide of controls, t¢sting the appropriateness of journal entiies and other adjustments. As part of all audit in accordance with ISAS (UK), we exercise professional judgment and maintain professional scepticism thTougbout the audit. W¢ also:_ Identify and assess the risks of malerial misstatement of the fmancial statements, wheth¢r due to fraud or eTror, design and perform audit procedures responsive to those risks, and obtsin audit evidence that is sufficient 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 ¢rror, as fraud may involve collusion, forgery, intentional omissions, rnisr¢presentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to d¢sign audit procedures that are appropriat¢ in the circumstances, but not for the purpose of expressing an opinion on th¢ ¢ff¢ctiv¢ness of the charities internal control. Evaluate the appropriateness of accounting policies used and the reasonabl¢n¢ss of accounting estimates and T¢lated disclosures made by th¢ trustees. Perforni analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud or eLTOr.
ort of the Inde endent Auditors to the Members of Ionad Uibh Eaehach Conclude on the appropriateness of th¢ trust¢¢s' use of the going concern basis of accounting and based on the audit evidence obtained, wheth¢r a material uncertainty exists related to events or conditions that may cast significant doubt on the charities ability to continu¢ 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 such disclosures are inadequate, to rnodify our opinion. Our conclusions ar¢ based on the audit evidence obtained up to the date of our auditor's report. However, futtue events or conditions may cause the charity to cease to continue as a going concern. Evaluate the overall presentation, structure, and content of the fmancial statements, including th¢ disclosur¢s and whether the fmancial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charge with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including silfiCallt deficiencies in internal control that we id¢ntify during our audit. A fiwther description of our responsibilities for the audit of the fmancial statements is located on the Financial R¢porting Council's website at www.frc.org.uwauditorsresponsibilities. This description fornis part of our Rq)ort of th¢ Independent Auditor3. Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of th¢ Companies Act 2006. Our audit Work has been undertaken so that we might state to the charitable company's memb¢rs those matt¢rs we are required to state to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assum¢ responsibility to anyon¢ other than e charitable company and the charitable company's membffs as a body, for our audit Work, for this report for the opinions we have fornied. Billy Drake ( ior Stamtory Auditor) for and on b¢half of Lynn Drak¢ & Co Ltd Statutory Audito 1st Floor 34 B-D Main Street Moira Co. Arniagh BT67 OLE 6 December 2024 12
Ionad Uibh Eachaeh Statement of Fillancial Activities Inco oratin an Ineome and Ex for the Year Ended 31 March 2024 nditure Account 31.3.24 Total funds 31.3.23 Total fimds Unrestrict¢d Restricted fimds funds Notes INCOME AIYD ENDOWMENTS FROM Charitable activities Grants Rec¢ivabl¢ 380,674 380,674 389,731 Other trading activities Investment income 407,536 752 407,536 752 364,866 121 Total 408,288 380,674 788,962 754,718 EXPENDITURE ON Charitable 8etivities Direct Charitable Exp¢nditure Governance 369,416 34,621 396,735 766,151 34,621 753,697 31,473 Total 404,037 396,735 800,772 785,170 NET INCOME/(EXPENDITURE) 4,251 {16,061) (11,810) (30,452) RECONCILIATION OF FUNDS Total funds brought forward 757,197 19,002 776,199 806,651 TOTAL FUls CARIUED FORWARD 761,448 2.941 764,389 776,199 The notes fonn part of these fmancial statements 13
Ionad Uibh Eachacb Statement of Financial Position 31 March 2024 31.3.24 31.3.23 Notes FIXED ASSETS Tangible assets 12 471,684 501,398 CURRENT ASSETS Debtors Cash at bank 13 26,753 331,277 7,819 293,271 358,030 301,090 CREDITORS Amounts falling due within one year 14 (65,325) (26,289) NET CURRENT ASSETS 292,705 274,801 TOTAL ASSETS LESS CURRENT LIABILITIES 764,389 776,199 NET ASSETS 764,389 776,199 FUNDS Unrestricted funds Restricted funds 16 761,448 2,941 757,197 19,002 TOTAL FUNDS 764,389 776,199 These financial statements have been prepared in accordance with th¢ PTovisions applicable to charitable companies subject to the small companies regime. The fancial statements were approv¢d by th¢ Board of Trustees and authorised for issue on 6 December 2024 and were signed on its behalf by: Siobhan a - Trust¢¢ Aisling Walls - Trustee The notes fonn part of these fancial statements 14
lonad Uibh Each&eh Statement of Cash Flows for the Year Ended 31 March 2024 31.3.24 31.3.23 Not¢s Cash flows from operaling activities Cash g¢nerated from operations 37,254 44,027 Net cash provided by op¢rating activities 37,254 44,027 Cash flows from investing activities Interest received 752 121 N¢t cash provided by investing activities 752 121 Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period 38,006 44,148 293,271 249,123 Cash and cash equivalent5 at the end of the reporting period 331,277 293,271 The notes forni part of these fmancial statements 15
lonad Uibh Eachach Notes to the Statement of Cash Flows for the Year End¢d 31 March 2024 RECONCILIATIOIY OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.3.24 31.3.23 Net expenditure for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Interest received (In¢aSe)ld¢crease in debtors Increase/(d¢crease) in cr¢ditors (11,810) (30,452) 29,714 (752) (18,934) 39,036 32,699 (121) 50,690 (8,789) Net Cash provlded by operations 37,254 44,027 ANALYSIS OF CHANGES IN NET FUNDS At 114123 Cash flow At 3113124 Net cash Cash at bank 293,271 38,006 331,277 293,271 38,006 331,277 Total 293,271 38,006 331,277 Th¢ notes fonn part of these fll]an¢ial statements 16
Ionad Uibh Eachach Notes to the Finaneial Statements for the Year Ended 31 March 2024 ACCOUNTING POLICIES Summary of significant a¢counting policies a) General Information and basis of preparation Ionad Uibh Eachach Ltd is constituted as a company limited by guarantee incorporated in Northern Ireland (N1631969). In the event of the charity being would up, the liability in respect of th¢ guarantee is limited to £1 per member of the charity. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Chatities: Stat¢m¢nt of Recommended Pra¢tic¢ applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in 2019 the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Chariti¢s Act (Northm] Ireland) 2013, the Companies Act 2006 and UK Generally Accepted Practice. The fmancial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value, The fmancial statements are Presented in sterling which is the ftlllctional currency of the charity.. The significant accounting policies applied in the preparation of these fmancial ststem¢nts are set out below. These policies have been consistently applied to all years presented unless otherwis¢ stated. (b) Funds Unrestricted funds are availabl¢ for use at the discretion of the trustees in fiherance of the general objectives of the charity and which hav¢ not been designated for other purposes. Designated ndS comprise unrestricted funds that have been set aside by the truste¢s for particular purposes. The aim and use of each designated fund is set out in the notes to the financial stat¢m¢nts. Restricted funds are fldS which arc to b¢ used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fimd. The aim and us¢ of ¢a¢h r¢stricted fund is set out in the notes to the financial statements. Further explanation of the nature and PUryK)se of cach fund is included in the nofrs to the financial statements. (c) Income reeognltion All incoming resources are included in the Statanent of Financial Activities (SOFA) when the charity is legally entitled to the income after any perforniance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. 17 continued...
I nad Uibh EachAch Notes to the Financial Statements - Continued for the Year Ended 31 March 2024 ACCOUNTING POLICIES - continued Summary of significant accoulltillg policies For donations to b¢ r¢cognis¢d the charity will have been notified of the amounts and the settlement date in writing. If th¢re are conditions attached to the donation and this requires a level of perfonnance before ¢ntitl¢m¢nt can be obtained then income is deferred until those conditions are fully m¢t or the fulfilment of those conditions is within the control of the charity and it is probable that th¢y will b¢ fulfilled.Voluntary incom¢ is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activiti¢s (SOFA) when receivable. Incorne received from collections is recognised when receiv¢d. Donated facilities and donated professional servic¢s ar¢ r¢cognised in income at their fair valu¢ wh¢n their economic benefit is probable, it can b¢ measured reliably and the charity has control ovcr the item. Fair value is deterniined on the basis of the value of the gift to th¢ charity. For example the amount the charity would be willing to pay in the open market for such faciliti¢s and s¢rvic¢s. A COTTesponding amount is recolsed in expenditure. No amount is included in the fmancial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees, Annual Report. For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point inwme is recognised. On occasion legacies will be notified to the Chlty however it is not possible to measur¢ the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed. Income from trading activities includes income earned from fimdraising events and trading activities to rais¢ funds for th¢ charity. Incom¢ is rec¢iv¢d in exchange for supplying goods and services in order to raise filnds and is r¢cognis¢d when ¢ntitlement has CUrred. The charity receives government grants which are detailed within the notes to these financial statements. Income from governrnent and other grants are recognised at fair value when the charity has entitlement aft¢r any perfonnanc¢ conditions have been me¢ it is probable that the income will be receiv¢d and th¢ amount can be m¢asur¢d reliably. If entitlement is not met then these amounts are deferred. Investment income is earned through holding assets for investment purposes such as shares and property. It includes dividends, interest and rent. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend and rent income is recognised as the charity's right to r¢c¢ive paym¢nt is established. (d) Expendire recognition All expenditure is accounted for on an accrnals basis, inclusive of VAT which cannot be recovered and has been classified Und headings that aggregate all costs related to the category. Expendittwe is recognised where there is a legal or constructive obligation to mak¢ payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings: Costs of raising funds includes the costs associated with attracting voluntary incornes. 18 continued...
Ionad Uibh Eachach Notes to the Financial Statements - eontinued for the Year Ended 31 Mydrch 2024 ACCOUNTING POLICIES - eontinued Summary of significant aeeounting policies Expenditure on charitable activities includes those costs InCued 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. and Other expendithre represents those items not falling into the categori¢s above. Irrecoverable VAT is charged as an expense against the activity for which expenditure arose. Grants payable to third parties are within the ChItable objectives. Wher¢ unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. WheTe grants aTe conditional relating to perforn]ance then the grant is only accrued when any Unlfled conditions are outside of the control of the charity. (e) Support eosts alloealfion Support costs are those that assist the work of the charity but do not directly Tepresent charitable activities and include office costs, governance costs, administrative payroll costs. They are incurred directly in support of expendimre on the objects of the chartty and include project management arried out at H¢adquart¢rs. Where support Costs cannot be directly attributed to particular headings they hav¢ b¢¢n allo¢at¢d to cost of raising funds and expenditure on chitable activities on a basis consistent with use of the resouTces. Premises overheads hav¢ been allocat¢d on an insert detail basis and other overheads have been allocated on a basis consistent with the use of resouTC¢S. Fund-raising costs ar¢ those incurred in seeking voluntary contributions and do not include the costs of disseminating inforn]ation in support of the charitable activities. The analysis of th¢s¢ costs is included in note 6. (O Tangible fixed assets Tallgible fed assets are stated at cost less accumulated depr¢ciation and acwmulated impainn¢nt losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provid on all tangible fed assets, at rates calculated to write off the cost, less ¢stimat¢d residual value, of each asset on a syst¢matic basis over its expected usefill life as follows.. Land & Buildings 40/0 Straight line Fixtures and fittings 20 % Straight Line Computer Equipment - 20 % Straight Line (g) Financial Instruments A fLnancial asset or a financial liability is recognised only when the charity becomes a paty to the contractual provision of the instrument. Basic financial insttiunents are initially recognised at the amounts receivable or payable including any related transaction costs. 19 continued...
Ionad Uibh Eacha N tes to the Flnaneial Statements - continued for the Year Ended l March 2024 ACCOUNTING POLICIES - continued Summary of significant Ydccounting policies Cumt assets and Current liabÉlities are subsequently measured at the cash or otheT consideration expected to be paid or relived and not discounted. Debt instruments are subsequendy measured at amortised Cost. Where investments in shares are publicly traded or their fair value can otherwise be rneasured reliably, the investtnent is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such invcstsnents are subsequently measured at cost less impairnient. Other financial instrnments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business tenns or fmanced at a rate of interest that is not a market rate, in which case the asset is measured at th¢ pr¢sent value of the ture payments dis¢ount¢d at a market rate of interest for a similar debt instrLunent. Other fmancial instruments are subsequently measured at fair value with any changes recognised in the statement of fmancial activiti¢s, with the exception of hedging instruments in a des1ed hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. if there is objective evidence of impainn¢nt an impairn]ent loss is recognis¢d Under the appropriate heading in the statement of fmancial activities in which the initial gain is recolS¢d. For all equity instruments regardless of SilficanCe, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial ass¢ts are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairnient are recognis¢d imm¢diately, to the extent that the reversal does not result in a carrying amount of the financial asset that cxceeds what the carrying amount would have been had the impairn]ent not previously been recognised. (h) Impairment Assets not eaSUred at fair value are reviewed for any indication that the asset may b¢ impaired at each balance sheet date. If such indication exists, the r¢coverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carying amount ¢x¢¢eds its recoverable amount, an impairnient loss is recOgLsed in profit or loss unless the asset is carried at a revalued amount where the impainn¢nt loss is a revaluation decrease. (l) Provlslons Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated. U) Leases 20 continued...
Ionad Uibh Eachach Notes to the Financial Statements- continu for the Year Ended 31 March 2024 ACCOUNTING POLICIES - continued Summydry of significant a¢¢ounting policies Assets acquired under fmance leases are capitalised and depreciated over the shorter of the lease terni and the expected useful life of the asset. Minimum lease payments are apportioned between the fance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of futUT¢ fmance charges, are included in creditors. Rentals payable and receivable under operating leases are charged to the SOFA on a straight line basis over the period of the lease. (k) Employee benefits When employees have rendered service to the charity, short-terni employee benefits to which the employees ar¢ ¢ntid¢d ar¢ r¢cognis¢d at the undiscounted amount expected to be paid in ¢xchange for that service. (l) Tax No provision is required for taxation as the company is defffted as a charity for t&xation puryoses. (m) Going concern The financial statem¢nts hav¢ been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of illcome and expenditure for 12 months from authorising these fmancial statements. The budgeted income and expenditure is sufficient with the level of r¢serves for the charity to be able to continue as a going concern. (n) Judgements estimates The following judganents including those involving estimates that have been made in the Process of applying the above accounting policies that have had the most significant effect on the amounts recognised in the financial statements and that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next fall¢la1 y¢ar: (i) depreciation method and asset usefijl lives (li) principal assumptions used to measure multi-employer defined benefit pension schemes, liabilities, sensitivities to changes in assurnptions and future fimding obligations The estimates and assumptions are reviewed on an ongoing basis considering the current and future market conditions. Fund accounting Unrestricted fijnds Can be used in accordance with the charitable obj¢ctiv¢s at th¢ discretion of the trust¢es. Restricted fimds can only be used for particular restricted purposes within the objects of the charity. R¢strictions arise when specified by the donor or when funds are raised for particular restricted pUoSe8. 21 continued...
Ionad Uibh Eacbach Notes to the Finaneial Statements - c for the Year Ended 31 March 2024 ntin ACCOUNTtNG POLICIES - continued Fund accounting Further explanation of th¢ natUTe and purpose of each fund is included in the notes to the fmancial stat¢m¢nts. Pension costs and other post-rettrement benefits The charitable company operates a defmed contribution pension scheme. Contributions payable to the charitabl¢ company's pension scheme are charged to the Statement of Financial Activities in th¢ period to which they relate. OTHER TRADING ACTIVITIES 31.3.24 31.3.23 Respite Daycare PRC & Training Income Afterschool Fees DonatiOnsventS1FUnoraIslng Daycare F¢es 4,800 15,338 59,123 2,022 326,253 5,280 6,511 58,791 1,828 292,456 407,536 364,866 INVESTIIIENT INCOME 31.3.24 31.3.23 Bank Interest 752 121 INCOIIfjE FROM CHAIUTABLE ACTIvrriES 31.3.24 31.3.23 Activity Grants Receivable 380,674 389,731 Grants r¢ceived, included in the above, are as follows: 31.3.24 31.3.23 Department of Communities D&R D¢partsnent of Communities - Education Department of Communities - NDA BHSCT- SLA BHSCT - Family Support HSCB - Milk Belfast City Council - Revenue Belfast City Council - Summer Scheme For&s Na Ga¢ilg¢ - Scéim Phobal Gaeilge Fords Na Gaeilge - Sceim Oig¢ 60,339 31,119 39.875 26,051 12,471 1,438 20,000 2,500 62,796 33,521 37,063 25,239 11,976 1,240 13,500 41,000 3.500 1,750 Carried forward 195,543 229,835 22 continued...
lonad Uibh Eachach Notes to the Financlal Statements - continued for the Year Ended 31 March 2024 INCOME FROM CHARITABLE ACTIVITIES - eontinued 31.3.24 31.3.23 Brought fonvard BBC Children in Need Brightstart OFMDFM Sure Start - Tus Maith Pathway Fund - IUE West Belfast Partnership Board FoTas Na Gaeilge - C & T Foras Na Gaeilge - G Samhraidh HSBC - Additonal GIOT na nGael Childcare Recovery Fund - Covid-19 Early Years Temporary Closure - Covid-19 BHSCT LAC Pilot Scheme HSCB Energy Foras Na Gaeilge - IUC & Project Costs Department of Communities - Jobstart 195,543 229,835 10,490 18,572 32,202 30,000 18,414 35,000 29,999 750 69,789 1,750 6,250 6,006 1,494 12,612 1,750 9,720 800 30,000 3,390 8,645 17,394 380,674 389,731 CHARITABLE ACTIVITIES COSTS Support costs (see not¢ 6) Direct Costs Totals Direct Charitabl¢ Expenditure Governance 766,151 766,151 34,621 34,621 766,151 34,621 800,772 SUPPORT COSTS Governance costs Governance 34,621 23 continued...
Ionad h Eachach Notes to the Financial Statements- continued for the Year Ended 31 March 2024 SUPPORT COSTS - Continued Support costs, included in the above, are as follows: Governanee eosts 31.3.24 31.3.23 Total activities Governance Audit Fee Accountancy Fee Affiliation Membership Cleaning & First Aid Bank Charges 1,680 2,520 1,189 27,913 1,319 1,400 2,308 852 25,666 1,247 34,621 31,473 NET INCOME/(EXPENDITURE) Net incomel(expendirc) is stated after cbargingl(crediting): 31.3.24 31.3.23 Depreciation - owned assets 29,714 32,699 AUDITORS, REIIIUNERATION 31.3.24 31.3.23 Fees payable to th¢ charitys auditors for the audit of the charity's fmancial statements Accountancy Fee 1,680 2,520 1,400 2,308 TRUSTEES, RELUE1l4TI0N AND BENEFITS There wer¢ no trustees, Temuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trnstees, expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. 24 continued...
Ionad Uibh Eachach Notes to the Financial Statements - continued for the Year Ended 31 March 2024 10. STAFF COSTS 31.3.24 31.3.23 Wages and salaries Social security costs Other pension costs 495,433 25,073 10,878 492,241 20,033 10,078 531,384 522,352 The average monthly number of employees during the yeaT was as follows: 31.3.24 32 31.3.23 33 Offic¢ Adrninistration & Programm¢ staff No employees Teceived emoluments in excess of £60,000. The key management personnel of the charity comprise of the Chief Executive and Senior management team. The salaries paid to key management personnel being the Chief Executive Officer, Childcare Managers, Finance Manager, and Child Care Co-ordinator during the year to¢alled £129,475 (2023: £137,142) 11. COMPAIL4TIVES FOR THE STATEMENf OF FINANCIAL ACTIVITIES Unrestricted Restricted funds filllds Total funds INCOME AND ENDOWMEIYTS FROM Charltable actlvities Grants Receivable 14,362 375,369 389,731 Other trading activiti¢s tnvestment income 364,866 121 364,866 121 Total 379,349 375,369 754,718 EXPENDITURE ON Charitable activities Direct Charitable Expenditure Governance 377,976 31,473 375,721 753,697 31,473 Total 409,449 375,721 785,170 NET INCOME/(EXPENDITURE) (30,100) (352) (30,452) RECONCILIATION OF FUNDS Total funds brought forward 787,297 19,354 806,651 25 continued...
lonad Uibh E8chach Notes to the Financial Statements - eontinued for the Year Ended 31 Mareh 2024 ii. COMPARATIVES FOR THE sTATElENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted funds fijnds Total funds TOTAL FUNDS CARIUED FORWARD 757,197 19,002 776,199 12. TANGIBLE FIXED ASSETS Fixtures Freehold property Computer equipment fittings Totals COST At l April 2023 and 31 March 2024 585,156 3,978 45,286 634,420 DEPRECIATIOI¥4 At l April 2023 CELarge for year 93,624 23,406 3,271 236 36,127 6,072 133,022 29,714 At 31 March 2024 117,030 3,507 42,199 162,736 NET BOOK VALUE At 31 March 2024 468,126 471 3,087 471,684 At 31 March 2023 491,532 707 9,159 501,398 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade debtors Foras na Ga¢ilge BHSCT- SLA Brightstart - OFMDFM Department for Communities HSCB 17,745 1,750 960 4,801 4.643 4,048 317 308 26,753 7.819 26 continued...
IoDad Uibh Eachach Notes to the Financial Statements- eontinued for the Year Ended 31 March 2024 14. CREDITORS: AMouNfs FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade creditors Accruals and deferred income 61,195 4,130 26,289 65,325 26,289 15. ANALYSIS OF IYET ASSETS BETWEEN FUNDS 31.3.24 Total fimds 31.3.23 Total funds UnTestrict¢d Restricted funds funds Fixed assets Current &ssets Cuent liabilities 468,671 358,102 (65,325) 3,013 (72) 471,684 358,030 (65,325) 501,398 301,090 (26,289) 761,448 2,941 764,389 776,199 16. MOVEIVIENT IN FUNDS Net movement in funds At 3113124 At 114123 Unrestricted funds General fund Designated Reserves 464,420 292,777 4,251 468,671 292,777 757,197 4,251 761,448 Restricted funds Department of Communities- Education DSD / BRO- Capital Foras Na Gaeilge - IUC & Project Costs 61 8,941 {61) (6,000) 2.941 10,000 (10,000) 19,002 (16,061) 2,941 TOTAL FUNDS 776,199 (11.810) 764,389 27 continued...
Ionad Uibh Ea hach Notes to the Finaneial Statements - continued for the Year Ended 31 March 2024 16. MOVEMENT IN FUNDS - eontinued Net movernent in fimds, included in the above are as follows: Incoming resources Resources expended Movement in ndS Unrestrietsd funds General fund 408,288 (404,037) 4,251 Restricted funds BHSCT Family Support HSCB - Milk Belfast City Council - Revenue Foras Na Gaeilge - Sceim Oig¢ Brightstart oFtDFm Department of Communities - D&R Department of Communities - Education Department of Communities- NDA BHSCT- SLA B¢lfast City Council Summer Scheme Sure Start - Tus Maith Pathway Fund - IUE West Belfast Partnersbip Board DSD / BRO- Capital Foras Na Gaeilge - C & T Foras Na Gaeilge - G Samhraidh Glor na nGael BHSCT LAC Pilot Scheme Foras Na Gaeilge - RIC & Pmject Costs Departtnent of Communities - Jobstart 12,471 1,438 20,000 1,750 18,414 60,339 {12,471) (1,438) (20,000) (1,750) (18,414) (60,339) 31,119 39,875 26,051 2,500 35,000 29,999 750 (31,180) (39,875) (26,051) (2,500) (35,000) {29,999) (750) (6,000) (69,789) (1,750) (3,390) (8,645) (61) (6,000) 69,789 1,750 3,390 8,645 (10,000) (17,394) (i 0,000) 17,394 380,674 (396,735) (16,061) TOTAL FUNDS 788,962 (800,772) {11,810) 28 continued...
lonad Uibh Eachacb Notes to the Financial Statements- eontinued for the Year End¢d 31 March 2024 16. MOVEMENT IN FUNDS - Continued Compydratives for movement in funds Net movement in flmds At 3113123 At 114122 Unrestricted funds General fund 787,297 (30,100) 757,197 Restricted funds Department of Communities - D&R Departtnent of Communities- Education DSD I BRO - Capital Foras Na Gaeilge - RIC & Project Costs 1,428 (1,428) 61 (8,985) 61 8,941 17,926 10,000 10,000 19,354 (352) 19,002 TOTAL FUNDS 806,651 (30,452) 776,199 29 continued...
I nad Uibh Eaehach Notes to the Financial Statemellts - continued for the Year Ended 31 March 2024 16. MOVEMENT IN FtiF4DS - eontinlled Comparative net movement in fids, included in the above are as follows: Incoming r¢souTC¢S Resources expended Movement in funds Unrestricted funds General fund 379,349 (409,449) (30,100) Restricted ndS BHSCT Family Support HSCB - Milk Belfast City Council - Revenue Foras Na Gaeilge - Sceim Oige BBC Children in Need Brightstart OFMDFM Department of Communities - D&R Department of Cornmunities - Education D¢partm¢nt of Cornmunities- NDA BHSCT- SLA Foras Na Gaeilge - Scéim Phobal Gaeilge Sure Start - Tus Maith Pathway Fund - IUE DSD / BRO- Capitsl Foras Na Gaeilge - C & T HSBC - Additional Glor na nGael BHSCT LAC Pilot Scheme HSCB Energy Foras Na Gaeilg¢ - IUC & Project Costs 11,976 1,240 13,500 3,500 10,490 18,572 62,796 (11,976) {1,240) (13,500) (3,500) (10,490) (18,572) (64,224) (1,428) 33,521 37,063 25,239 (33,460) (37,063) (25,239) 61 41,000 32,202 30,000 (41,000) (32,202) (30,000) (8,985) (6,250) (6,006) (1,494) (9,720) (800) (8,985) 6,250 6,006 1,494 9,720 800 30,000 (20,000) 10.000 375,369 (375,721) (352) TOTAL FUNDS 754,718 (785,170) (30,452) 30 continued...
Ionad Uibh Eachaeh Notes t the Financial Statements- contiJAued for the Year Ended 31 March 2024 17. CONTINGENT LIABILITIES A wntingent liability exists to repay grants to funders should the charity not fulfill its obligations. 18. RELATED PARTY DISCLOSURES During the year Ionad Uibh Eachach provided key management personn¢l services to a r¢gist¢r¢d charity, Gaelchuram Uachtar Chluanai. 19. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with th¢ preparation of the financial statements. 20. POST BALANCE SHEET EVENTS There were no Events after the reporting p¢riod therefore no material issues need disclosed. 21. LIABILITY OF IIEmBERs The Liability of the m¢mb¢rs is Limited Every member of the CELarity promises, if th¢ Charity is dissolved while he, she or it is a member or within twelve months after, he, she or it ceases to be a member, to contribute such sum (not exceeding £1) as may be demanded of him, her or it towards the payment of the debts and liabilities of the Charity IncU¢d before he, she or it ceases to be a member, and of the costs, charges and expenses of winding UP> and the adjustment of the rights of th¢ contributories amono themselves. 22. LThIITED BY GUARANTEE The company is limited by guarantee and has no shar¢ capital. 31
Ionad Uibh Eachach Detailed Statement of Finaneial Activities for the Year Ended 31 March 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Other trading Activities Respite Daycare PRC & Trdining Income Afterschool Fees DonationsEvents/Fundraising Daycare Fees 4,800 15,338 59,123 2,022 326,253 5,280 6,511 58,791 1,828 292,456 407,536 364,866 Investment ineome Bank Interest 752 121 Charitable activities Grants 380,674 389,731 Total Incoming resources 788,962 754,718 EXPEIYDITURE Charitable aetlvfitles Wages Social security P¢nsions Insurance Light and heat Telephone Postage and stationery Advertising Sundries Staff Training Staff TTavel Repairs & Maintenance Play R¢sources & Matfflials Tutor & Facilitation Fees IT Support & Maintenance Consumables Prograrnme Costs & Events Milk Dept of Communities - NDA Programme Costs Carried forward 495,433 25,073 10,878 9,66A 22,015 4,337 9,638 1,650 272 1,837 945 29,103 12,187 24,908 1,842 1,567 25,500 1,245 492,24 L 20,033 10,078 9,343 15,683 3,930 10,821 5,377 1,482 20 21,582 12,418 19,863 9,057 2,034 32.984 1,237 37,998 716,092 37,063 705,246 This page does not forni part of the ststutory financial ststen]ents 32
Ionad ibh E8chach Detailed Statement of Financial Aetivities for the Year Ended 31 March 2024 31.3.24 31.3.23 Charitable activities Brought forward Childrens LuncheslFood HR Support Contracts Staff Unifornis Consultancy Fees Depreciation Freehold propety Depreciation Fixtures&Fittings Depreciation Computer Equip 716,092 15,671 500 1,674 2,500 23,406 236 6,072 705,246 14,417 500 835 23,406 236 9,057 766,151 753,697 Support costs Governance costs Audit Fee Accountancy Fee Aifiliation Membership Cl¢aning & First Aid Bank Charges 1,680 2,520 1,189 27,913 1,319 1,400 2,308 852 25,666 1,247 34,621 31,473 Total resources expended 800,772 785,170 Net expenditure (11,810) (30,452) This pag¢ does not forn] part of the statutory financial statements 33