Charity registration number 108156 NAISCOIL NA SEOLTA ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
NAISCOIL NA SEOLTA LEGAL AND ADMINISTRATIVE INFORMATION Trustee5 N McDowell A Mac Séafraidh N Uprichard C Mitchell A Mccammon MTS Linda Ervine H Floyd Paul Lynas J wateorth A Bums l Mcmillan A D Harrison G Monroe S Jackson A Taylor Charity number 108156 Independent examiner Miscampbell & Co 6 Annadale Avenue Belfast BT7 3JH
NAISCOIL NA SEOLTA CONTENTS Page Trustees, report Independent examiner's report Statement of financial activities Balance sheet Notes to the financial statements 7-13
NAISCOIL NA SEOLTA TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The TIu5tees present their annual report and financial statements for the year ended 31 March 2024. The financial statements have been prepared in accordance with the Charities SORP (FRS 102)- Accounting and Reporting by Charities.. Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) and the Charilles Act (Northem Ireland) 2008. Objectives and activities Public benefit The Trustees have paid due regard ta guidance issued by the Charity Commission in deciding what activities the should undertake. 2023-2024 has seen many new developments with Naiscoll na Seolta as an Integrated Irish-medium pre-school. As you know Nalscoil na Seolta was established previously as a result of a major Turas project that has been in the planning and development since 2018. The move to Gamerville Presbyterian Church rented accommodation in September 2022 has been successful in providing a level of stability and we are very grateful for this temporary accommodation. The past year has seen the fruition of plans to move to a more permanent site where the management and staff of Naiscoil na Seolta have complete control over a suitsble building and hours of use. 2023-2024 also saw the development of a realistic and funded plan to see the establishment of an IMFJlntegrated primary school, Scoil na Seolta. Achievements and performance Signifi¢ant activities and achievements against objectives 2023-2024 has shown continued strong interest in our playgroup and pre-school provision by parents. A total of 14 children have attended Naiscoil na Seolta and we received expressions of interest for 31 places in 2023-2024. The period 2023-2024 has been our first year of funded pre-school PEG (Pre-school Education Group) places. The decision by PEG to allow us a concessionary 5 funded places (usually a minimurn of eight places is rquired) has allowed us to get off the ground as a funded voluntary IMEllntegrated pre-school and we now look fotwar(I to 11 PEG funded places in 2024-2025. Naiscoil na Seolts is now fully established as a voluntary pr&school provider. Further to this we have had 49 expression5 of interest for 2024-2025 with 26 of these now having allocated Naionra places {pre-pre-school). We now have over 100 expressions of interest for the next 4 years. These figures undoubtedly reflect the excellent work of staff, volunteer staff and committee rnembers in attracting parents in Ihe community and in promoting the many advantages of bilingual education. The past year has wilnessed Ihe consolidation of an especially talented and well qualified staff team (both paid and voluntary) reflected in our inGreased PEG and naionra numbers for 2024-2025. The abi5ity of slaff to provide an interesting. playfvl, and educational environment for children as well as working well with parents. has been critical in building up the operation and image of the nalscoil in the community. The continued growth and increased numbers are essential to the fulure success of the project and the committee's plan to create an IMEllntegrated primary school. The current site at Garnerville Presbyterian Church alas limits all ftjture development5 for the expanded numbers, sessions times and the development of Scoil na Seolla. Thankfully we have been able to proceed substantially with plans for further development on a more permanent site. In 2022-2023 we suGGessfully applied for substantial fvnding from Ciste um Oilean Comhroinnte (rhe Shared Island Fund) to fijnd a feasibility study which resulted in finding a site located on Montgomery Road, Castlereragh Roadl Lisnasharragh area. Since then, further 5ucce$sful negotiation has resulted in attracting very substantial funding from An Roinn Turasoireachta, Cultuir, Ealaion, Gaeltachts, Spoirt agus Mean (Department of Tourism. Culture, Arts. Gaeltacht, Sport and Media). This funding will eventually amount to over £700k and will allow us to redevelop the site and erect suitable modular buildings on the site at Montgomery Road. The plans for developing the site are regrettably still at the stsge of reivIng plannin9 permission by Belfast City Council. However, we have received a very positive response from the planning office and the otherwise lengthy process 15 well advanced.
NAISCOIL NA SEOLTA TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Overall, we expect to have the site ready for children before the end of this year. We had hoped to move on to the site before September of this year but the above-mentioned delay along with delays In negotiating the lease with the owners and in tum employing the contractors has postponed our move until the end of the year. The downside of this has meant we have been forced to Postpone our original plan to have Rang 1 (P1) in place for September 2024. As you can imagine, it has been an onerous task trying to encourage parents to send their children to a school that is not yet built on what is presently a vacant industrial site. We did have a plan B for this scenario of various de5ays but with a number of parents understandably withdrawing their children for Rang 1, the numbers became too low to realistically proceed. This is particularty regrettable as we had secured funding for a teacher's salary from the Integrated Education Fund. We hope that this funding can be likewise postponed until 2025. Notwithstanding the postponement of Rang 1 we have had to consider reorganising the managernent of the IMEI Integrated pre-school and primary school. possibly moving to the legal status of a board of governors ralher than a committee in 2024-2025. With this in mind we have started to refer to the project as °SGoil na Seolta. as a generic temi for both the naionra, pre-school and future primary school. We have been fortunate In belng able lo continue to work with Ciaran Mccavana of Quarter CharteredArKouniants who undertook last year's feasibility sludy on behalf of Scoil na Seolta. Likewise. we have also been able to work with Pilib O Ruanaidh of lontaobhas na Gaelscolalochta. lonlaobhas na Gaelscolalochta have agreed to assist in the management of the substantial funding money for the development of Scoll na Seolta. Neither Turas nor East Belfast Mission can manage this fund currently. An official development proposal to be presented to the EAIDENI is close to completion. This development proposal ha5 largely been completed in cooperation with NICIE and Comhairle na Gaels¢olaiochta. Committee work can be challenging and even tedious at times. I'd like to thank all the committee members for their assistance over the past year. However, much work remains for the committee, and I look forward to establishing a more active committee for 2024-2025, with re-activated sub-committees and more input from all committee members. As Chairperson I would like to thank the valuable contributions made to the committee by Annelies Taylor who did a massive amount of work in establishing the committee and previously held the office of Chairperson. I would also like to extend the committee's thanks to Sandra Jackson who has been our dedicated secretary for several years. Both have now stepped down. Finally, I would like to express gratitudè to the massive contribution of Gearoidln Monroe, Stiurthoir NalscoilelPre- school Leader and Manager over the past years. Gearoidln's management and overall work at Nalscoil na Seolts has played a significant role in creating a stsble and successful staff team which has nurtured our success. Financial review Resernes policy It is the policy of the that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent lo belween three and six month's expenditure. The Trustees consider Ihat reserves at this level will ensure that, in ihe event of a significant drop in funding, they will be able to continue the 's current activities while consideration is given to ways in which addltlonal funds may be raised. This level of reseNes has been maintained throughout the year.
NAISCOIL NA SEOLTA TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Structure, governance and management The Trustees who served during the year and up lo the date of si9nalure of the financial statements were-. N McDowell A Mac Sèafraidh N Uprichard C Mitchell A Mccammon Mrs Linda Ervine H Floyd Paul Lynas J Waterworth A Burns Mcmillan A D Harrison G Monroe S Jackson A Taylor The Trustees, re ort was approved by the Board ofTrustees. N McDowell Trustsa A Mac Séafraidh Trustee 27 May 2025
NAISCOIL NA SEOLTA INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NAISCOIL NA SEOLTA I report to the Trustees on my examination of the financial statements of Naiscoil na Seolta for the year ended 31 March 2024. Responsibilities and basis of report As the charily's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It is my responsibility to- examine the accounts under section 65 of the Charities A¢t follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under sectlon 65{9){bl of the Charities Act state whether particular matters have come to my attention. Basis of independent oxaminer's report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northem Ireland under section 65{9)(b) of the Charitie5 Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts. and seeking explanalions from you as charity trustees concerning any su¢h matters. My role is to state whether any material matters have come to my attention givlng me cause to believe: 1. that accounting records were not kept in accordance with section 63 of the Charities Act 2. that the accounts do not accord with those accounting records 3. that the accounts do not comply with the accounting requirements of the Charities Act 4. that there is further information needed for a proper understanding of the accounts to be reached. Independent examlner's statement I have completed my examination and have no concerns in respect of the matters (1) to (41 listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Jonathan R Bethel Miscampbell & Co 6 Annadale Avenue Belfast BT7 3JH Dated: 27 May 2025
NAISCOIL NA SEOLTA STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrlcted funds 2024 Restricted fund5 2024 Total 2024 Notss Income from: Donations and legacies 17,060 250,970 268,030 Total income 17.060 250.970 268,030 Expenditure on: Charitable activitles 6.291 55,019 61,310 Total expenditure 6,291 55,019 61.310 Net income and movement in funds 10,769 195,951 206,720 Reeonciliation of funds: Fund balances at 1 April 2023 36,061 39,890 75,951 Fund balances at 31 March 2024 46.830 235.841 282,671 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
NAISCOIL NA SEOLTA BALANCE SHEET AS AT 31 MARCH 2024 2024 Notes Fixed assets Tangible assets 10 373 Current assets Cash at bank and in hand 287,597 Creditors: amounts falling due withln one year (5,299) Net current assets 282,298 Total assets less Gurrent Ilabilities 282,671 Net assets excluding p&nsion liability 282,671 The funds of the Restricted income funds Unrestrtcted funds 12 235.841 46,830 282.671 The financial statements were approved by the Trustees on 27 May 2025 Trustee
NAISCOIL NA SEOLTA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policles Charity information Naiscoil na Seolta is a unincorporated Gharity. 1.1 Accounting convention The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. The financial ststements have departed from the Charities IAGcounls and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in Ihe Regulations but which has since been withdrawn. The financial statemerbts are prepared in sterling, whlch is the functional currency of the . Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The prinGipal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the Trustees have a reasonable expectation that the has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concefn basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial staternents. Endowment funds are subject to specific conditions by donors Ihat the capital must be maintained by the . 1.4 Income Income is recognised when the is legally entitled to it after any performance Gonditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. other donations are recognised once the has been notified of the donation. unless perfomiance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gfft Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the has been notified of an impending distribution, the amount is known, and receipt is Èxpected. If the amount is not known. the legacy is treated as a contingent asset.
NAISCOIL NA SEOLTA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Ac¢ounting policies IContinugd> 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obllgation lo transfer economic benefit to a third party, it is probable that a transfer of eGonomic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the totsl of dirttt Costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support Costs which are not attributable to a single activity are apportioned beeen those activities on a basis consistent with the use of resources. Central staff CDsls are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Tangible fixed assets Tangible fixed assets are Inltlally measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairmenl losses. Depreciation is recognised so a5 to write off the cost or valuation of assets less Iheir residual values over their useful live5 on the following bases.. Fixtures and fittings Computers 500/0 Straight line 50 /0 Straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and Ihe carrying value of the asset, and is re¢ognised in the statement of financial activities. 1.7 Impairment of fixed assets At each reporting end date. the reviews the carrying amounts of its tanglble assets to detemine whether there is any indication that those a55ets have suffered an Impairment loss. If any such indication exists. the recoverable amount of the asset is estimated in order to determine the extent of the Impairment loss (if any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held al ca51 with banks, other short-term liquid Investments with original maturilies of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Basi¢ financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaclton costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the fijture receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
NAISCOIL NA SEOLTA NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) Basic financial liabilities Baslc financial liabillties, including creditors and bank loans are initially recognised at transaction pri unless the arrangement constitutes a financing transaction. where the debt instrument 15 measured at the present value of the future payments discounted at a market rate ot interest. Financial liabilities classffied as payable within one year are not amortised. Debt instruments are subsequently carried al amortised cost, using the effective interest rate method. Tde creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilitles. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of flnancial liabilities Financial liabilities are derecognised when Ihe 's contractual obligations expire or are discharged or cancelled. 1.9 Employee benefits The ¢ost of any unused holiday entitlement is recognised in the period in which the employee's services are reGeived. Termination benefits are recognised immediately as an expense when the is demonstrably committed to terminate the employment of an employee or to provide termination benefits. Critical accountlng estimates andjudgements In the application of the 's accounting policies, the Trustees are required to make judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from olher sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Income from donations and legacies Unrestricted funds 2024 Restricted funds 2024 Total Unrestricted funds Restrlcted funds 2024 Donations and gifts Grants 9,535 7,525 9,535 258.495 250,970 17.060 250.970 268.030
NAISCOIL NA SEOLTA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expenditure on charitable activities Charitable Expenditure 2024 Dlrect costs Staff costs Depreciation and impairment Insurance Telephone Rent Training Uniform 45,989 373 569 244 6,819 700 698 55,392 Share of support and governance costs (seè note 5) Support Govemance 4,718 1,200 61,310 Analysis by fund Unrestricted funds Restricted funds 6,291 55,019 61,310 Support costs allocated to actlvitios 2024 Bank Fees Heat & Light Purchases Maintenance Consultancy Governance costs 41 1,679 2,832 60 106 1,200 5.918 Analysed between: Charitable Expenditure 5.918 10
NAISCOIL NA SEOLTA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Net movement in funds 2024 The net movement in funds is stated after chargingl(crediting)'. Depreciation of owned tangible fixed assets 373 Trustees None of the Trustees (or any persons conne¢led with them) received any remuneration or benefits from the during the year. Employees The average monthly number of employees during the year wa5.. 2024 Numbor Employees Employment costs 2024 Wages and saSaries 45,989 There were no employees whose annual remuneration was more than £60,000. Remuneratlon of key management personnel The remuneration of key management personnel was as follows.. Taxation The charity is exempt fTom taxation on its aclimties because all its income is applied for charitable purposes. 11
NAISCOIL NA SEOLTA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Tangible fixed assets Fixtures and fittlng$ Computers Total Cost At 1 April 2023 Additions 3,372 3,372 746 746 At 31 March 2024 746 3.372 4,118 Depreciation and impairment At 1 April 2023 Depreciation charged in the year 3,372 3,372 373 373 At 31 March 2024 373 3,372 3,745 Carrying amount At 31 March 2024 373 373 11 Crèdltors: arnounts falllng due within one year 2024 Accruals and deferred income 5,299 12 Restricted funds The restricted funds of the charity cornprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 April 2023 Incoming resources Resources At 31 March expended 2024 American Ireland Fund Award forAII Grant Department of Tourism. Culture and the Gaeltacht Foras na Gaeilge Community Foundation Community Fund Nl Community Fund Ireland 18,993 10,000 (1,705) (3,9151 17,288 6.085 175,455 29,836 16,686 (35,0391 (12,655) 11,705) 140,416 24,680 14,981 16.000 16,391 7,499 16,000 16,391 39,890 250,970 (55,019) 235,841 12
NAISCOIL NA SEOLTA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Unrestricted funds The unrestricted funds of the charity comprlse the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how Ihey may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purp05e5. At 1 Aprll 2023 Incomlng resources Resources At 31 March expended 2024 General funds 36,061 17,060 (6,291) 46,830 14 Analy5ig of net assets between funds Unrestricted funds 2024 Restricted fvnds 2024 Total 2024 At 31 March 2024: Tangible assets Current assetsl{liabilities) 373 46.457 373 282,298 235,841 46,830 235,841 282.671 15 Related party transactions There were no disclosable related paty transactions during the year ( - none). 13-