Charity registration number 108156 (Northern I￿land)
NAISCOIL NA SEOLTA
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

NAISCOIL NA SEOLTA
CONTENTS
Page
Trustees, report
Independent examiner's report
Statement of financial activities
Balance sheet
Notes to the financial statements
6-13

NAISCOIL NA SEOLTA
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
J Waterworth
A Burns
l Mcmillan
G Monroe
G Lynn
E M O'Neil
A Mac Séafraidh
N Uprichard
C Mitchell
L Ervine
P Lynas
A D Harrison
RevA R Irvine
D Hamilton
H Robinson
A Mccammon
H Floyd
Charity registration
Northern Ireland
108156
Independent examiner
Miscampbell & Co
6 Annadale Avenue
Belfast
BT7 3JH

NAISCOIL NA SEOLTA
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their annual report and financial statements for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the Charities SORP (FRS 102}- Accounting and
Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective
1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the
Charities Ad (Northern Ireland) 2008.
Objectlves and activities
Public benefit
The Trustees have paid due regard to guidance issued by the Charity Commission for Northern Ireland in deciding
what activities they should undertake.
The year to 31 March 2025 was a significant year for Naiscoil na Seolta, as we enjoyed an increase in the number
of children attending and moved to our new purpose built a¢¢ommodation at Montgomery Road in East Belfast.
Achievements and performance
Signrficant activities and achievements against objectives
We began this reporting pertod WFth 14 children in attendance and ended the period with 22 childr￿. Of these 22
children, 7 were 'pre-s¢hool' and 15 were 'Pre Pre, (two years before school). The increase in numbers was in part
due to the Nalscoil's growing reputation for excellence, in part due to an ongoing rise in interest in the Irish
language in East Belfast and in part due to the superb new facility we moved to in January 2025
In January 2025 we moved into a purpose-built building, designed to accommodate Naiscoil na Seolta and Scoil na
Seolta, a new Integrated Irish-medium Bunscoil (primary school). In co-locating and partnering with Scoil na Seolta,
this will provide parents with an option for a pr&school provision leading seamlessly into a primary school provision
all in the one location. We believe this will make Naiscoil na Seolta an even more attractive option for families and
help drive a further increase in numbers of children attending in future reporting periods.
In the 202512026 reporting period, our Management Committee will be considering with the help of professional
advice the option to amalgamate with Scoil na Seolta into one legal entity, in the form of a primary school with a
nursery unit.
The su¢¢ess we enjoyed in this reporting period was the result of passion, dedication and sheer hard work by our
wonderfully talented staff and Committee members. As Chairman, I would like to take this opportunity to record my
sincere thanks to each one of them.
Financial review
Reserves policy
It is the policy of the Committee that unrestri¢ted funds which have not been designated for a specific use should be
maintained at a level equivalent to between three and six month's expenditure. The Trustees consider that reserves
at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Naiscoil's
current activities while consideration is given to ways in which additional funds may be raised. This level of reserves
has been maintained throughout the year.

Draft Financial Statements at 26 January 2026 at 13:59:41
NAISCOIL NA SEOLTA
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Structure, governance and management
The Trustees who served during the year and up to the date of signature of the financial statements were..
J Watemorth
A Burns
l Mcmillan
G Monroe
G Lynn
E M O'Neil
N McDowell
A Mac Séafraidh
N Uprichard
C Mitchell
L Etvine
P Lynas
A D Harrison
Rev A R Irvine
D Hamilton
H Robinson
A Mccammon
H Floyd
(Resigned 2 October 2025)
The Tr
tees. report was approved by the Board of Trustees.
P Lynas
Trust
RevA R INine
Trustee
26 January 2026

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 2025.
Responsibilities and basis of report
As the charity'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 Act
follow the procedures laid down in the general Directions given by the Charity Commission for Northern
Ireland under section 65(9)(b) of the Charities Act
state whether particular matters have come to my attention.
Basis of independent examiner'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 Charities Act.
The examination included a review of the accounting ￿COrdS 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 explanations from you as charity trustees conceming any such matters.
My role is to state whether any material matters have come to my attention giving me cause to believe..
1. that accounting records were not kept in accordance with section 63 of the Charities Act
2. that the a¢¢ounts 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.
Indep8ndent examlner's statement
I have completed my examination and have no ¢oncems in respect of the matters {1) to (4) 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
Mlscampb811 & Co
6 Annadale Avenue
Belfast
BT7 3JH
Dated.. 26 January 2026

NAISCOIL NA SEOLTA
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted Restricted
funds
funds
2025
2025
Total Unrestricted Restrlcted
funds
funds
2024
2024
Total
2025
2024
Notes
Income from:
Donations and legacies
2,179
57,583
59,762
17,060
250,970
268,030
Total income
2,179
57,583
59,762
17,060
250.970
268,030
Expenditure on:
Charitable activities
14,503
61,281
75,784
6,291
55,019
61,310
Total expenditure
14,503
61,281
75,784
6,291
55,019
61,310
Net incomel(expenditure) and
movement in funds
(12,324)
(3,698)
(16,022)
10,769
195,951
206,720
Reconciliation of funds:
Fund balances at 1 April 2024
46,830
235.841
282,671
36,061
39,890
75,951
Fund balances at 31 March
2025
34,506
232,143
266,649
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 2025
2025
2024
Notes
Fixed assets
Tangible assets
10
4,297
373
Current assets
Debtors
Cash at bank and in hand
30,292
237,076
287,597
267,368
287,597
Creditors: amounts falling due within
one year
12
(5,016)
(5,299)
Net current assets
262,352
282,298
Total assèts less current liabilitles
266.649
282,671
The funds of the
Restricted income funds
Unreslricted funds
13
14
232,143
34,506
235,841
46,830
266.649
282.671
The financial statements were approved by the Trustees on 26 January 2026
P Lynas
Trustèe

NAISCOIL NA SEOLTA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
Charlty information
Naiscoil na Seolta is an unincorporated charity.
1.1 Basls of preparation
The financial statements have been prepared in accordance with the 's governing document, the Charities Act
(Northern Ireland) 2008, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland" and the Charities SORP Accounting and Rèporting by Charities: Statement of Recommended
Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102)" The is a Public Benefit Entity as defined by FRS 102.
The has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.
The financial statements are prepared in sterling, which 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 principal 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 Naiscoil
has adequate resources to continue in operational existen￿ for the fo￿Seeable future. Thus the Trustees
continue to adopt the going concem 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 statements.
Endowment funds are subject to spe¢ifi¢ Conditions by donors that the capital must be maintained by the .
1.4 Income
Income is recognised when the Nalscoil is legally entitled to it after any performan￿ conditions 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 re¢ognised once the has been notified of the
donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to
donations received under GiftAid or deeds of covenant is recognised at the time of the donation.
Legacies are reGognised on receipt or Othe￿ISe if the has been notified of an impending distribution, the
amount is known, and receipt is expected. 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 2025
Accounting policies
{Continued
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a
third party, it is probable that a transfer of e¢onomic 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 rnade up of the total of dIr￿t costs and
shared costs, including support costs involved in undertaking each activity. Direct ¢osts 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 costs 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 initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impaimient losses.
Depreciation is recognised $0 as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases..
Fixtures and fittings
Computers
so0￿ straight line
500A straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds
and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the reviews the carrying amounts of its tangible assets to determine ￿ether there
is any indication that those assets 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 at call with banks. other short-term liquid
investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.9 Flnanclal instruments
The has elected to apply the provisions of Section 11 'Basi¢ Financial Instruments, and Section 12 '0ther
Financial Instruments Issues, of FRS 102 to all of its financial instnjments.
Financial instruments are recognised in the 's balance sheet when the becomes party to the contractual
provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basi¢ financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction 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 future 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 2025
Accounting policies
(Continued)
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities ¢lassified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade 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 liabilities. Trade creditors are re¢ognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Nalscoil's contractual obligations expire or are discharged or
cancelled.
1.10 Employee benefits
The ¢ost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
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 accounting estimates and judgements
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 liabilitie5 that are not readily apparent from other
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 legacie5
Unrestricted Restrlcted
funds
funds
2025
2025
Total Unrestricted Restricted
funds
funds
2024
2024
Total
2025
2024
Donations and gifts
Grants
2,179
2,179
57.583
9,535
7.525
9,535
258,495
57,583
250,970
2,179
57,583
59,762
17,060
250.970
268,030

NAISCOIL NA SEOLTA
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Expenditure on charitable activities
Charitable
Charitable
Expenditure Expenditure
2025
2024
Direct costs
staff costs
Depreciation and impairment
Insurance
Telephone
Rent
Training
Unifomi
40,184
4,669
1,137
174
19,154
473
159
45,989
373
569
244
6,819
700
698
65,950
55,392
Share of support and governance costs (see note 5)
Support
Governance
5,207
4,627
4,718
1.200
75,784
61,310
Analysis by fund
Unrestricted funds
Restricted funds
14,503
61,281
6,291
55,019
75,784
61,310
Support costs allocated to activities
2025
2024
Bank Fees
Heat & Light
Purchases
Maintenance
Consultancy
Governance costs
28
655
3,942
582
41
1,679
2,832
60
106
1,200
4,627
9,834
5,918
Analysed betW88n:
Charitsble Expenditure
9,834
5,918

NAISCOIL NA SEOLTA
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Net movement in funds
2025
2024
The net movement in funds is ststed after chargingl(crediting):
Fees payable for the independent examination of the charity's financial
statements
Depreciation of owned tangible fixed assets
1,440
4,669
373
Trustees
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the
during the year.
Employees
The average monthly number of employees during the year was:
2025
Number
2024
Number
Employees
Employment costs
2025
2024
Wages and salaries
40,184
45,989
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel
The remuneration of key management personnel was as follows..
Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
10-

NAISCOIL NA SEOLTA
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
10 Tangible fixed assets
Fixtures and
fittings
Computer5
Totsl
Cost
At 1 April 2024
Additions
746
8,593
3,372
4,118
8,593
At 31 March 2025
9,339
3,372
12,711
Depreciation and impairment
At 1 April 2024
Depreciation charged in the year
373
4,669
3,372
3,745
4,669
At 31 March 2025
5,042
3,372
8,414
Carrying amount
At 31 March 2025
4,297
4.297
At 31 March 2024
373
373
11
Debtors
2025
2024
Amounts falling due within one year:
Other debtors
30,292
12 Creditors: amounts falling due within one year
2025
2024
Accruals and deferred income
5,016
5,299
11

NAISCOIL NA SEOLTA
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
13 Restricted funds
The restricted funds of the charity comprise 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 Aprll
2024
Incoming
resources
Resourc8s At 31 March
expended
2025
American Ireland Fund
Award forAII Grant
Department ofTourism, Culture and the
Gaeltacht
Foras na Gaeilge
Community Foundation
Department of Foreign Affairs
EB Northern Ireland
Community Fund Nl
Community Fund Ireland
EA Pegs
17,288
6,085
17,288
4,141
{1,944)
140,416
24,680
14,981
{19,153}
121,263
24.680
14,981
28,686
9,097
(28,686)
9,097
16,000
16,391
8,302
16,000
16,391
19,800
(11,498)
235,841
57,583
(61,281)
232,143
Previous year:
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)
(3,915)
17,288
6,085
175,455
29,836
16,686
(35,039)
(12,655)
(1,705)
140,416
24.680
14.981
16,000
16,391
7,499
16.000
16,391
39.890
250,970
(55,019)
235,841
14 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 April
2024
Incoming
resources
Resources At 31 March
expended
2025
General funds
46,830
2,179
(14,503)
34,506
12-

NAISCOIL NA SEOLTA
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
14 Unrestricted funds
{Continued)
Previous year:
At 1 April
2023
Incoming
resources
Resources At 31 March
expended
2024
General funds
36,061
17,060
(6,291)
46,830
15 Analysis of net assets b8tween funds
Unrestrict8d
funds
2025
Restricted
funds
2025
Total
2025
At 31 March 2025:
Tangible assets
Current assetsl{liabilities)
4,297
30,209
4,297
262,352
232,143
34,506
232,143
266,649
Unr8Strict8d
funds
2024
Restricted
funds
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
16 Related party transactions
There is £29,284 due from Scoil Na Seolta {2024- none).
13-