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 wate￿orth
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 re￿ivIng 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 be￿een 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.
T￿de 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-