Docusign Envelope ID.. 2399F647493E4A7E-9AC8-AC443FODE50A NatSonal Youth Choir of Northern Ireland IA Company limited by guarantoe. not having a share capital) Annual Report and Unaudited Financial Statements for the flnancial year ended 31 March 2024 •ADIAODC9* 1911212024 COMPANIES HOUSE A15 Company Numbgr.. N1035447 Charity Number: 100542
Oocusign Envelope 10.. 2399F647493E4A7E-9AC&AC443FOOESOA National Youth Choir of Northern Ireland (A company limitod by guarant¢è, not having a share capital) CONTENTS Page Reference and Administrative Information Direclors. Annual Report Statement of Directors, Responsibilities Independent Examiner's Report Statement of Financial Activities Balance Sheet 10 Notes to the Financial Slatements
DouJ$ryn Envelope ID.. 2399F647493E4A7E-9AC8-AC443FODE50A National Youth Choir of Northern Ireland IA company limii•d by guaranlèo. not havlng a Sharè capital) REFERENCE AND ADMINISTRATIVE INFORMATION Dlroctors Eibhlls Farrell Gillian Greenfield (Resigned 12 December 20231 Paul Mulholland Graeme Stewart (Resigned 12 December 2023) Catherine Dalzell Amy 8ennington Sarah Minford {Appoinled 27 February 2024) Laura Salt (Appointed 27 February 2024) Siobhan Savage (Appointed 27 February 2024) Emma Quinn (Appointed 13 March 2024) Charlty Numbor In North•rn Ir•land 100542 Company Reglstratlon Number N1035447 Reglstered Offlce and Prlncipal Address CIO Campbell Collègé 8elmont Road 8elfasl BT4 2ND Indep•nd•nt Examln•r Muldoon & Co 16 Mount Chades 8elfasl BT7 1NZ Principal Bankers Ulster Bank Limited 11-16 Donegall Squarè East 8elfasl 8T1 SHD
Docusign Envelope 10.. 2399F647493E4A7E-9AC8-AC443FODE50A National Youth Choir of Northern Ireland IA company limit¢d by guarantee, not having a sharè capital) DIRECTORS, ANNUAL REPORT for the financial year ended 31 March 2024 The directots present their Directors, Annual Report. combining the Direclots, Report and Trustees, Report, and the unaudited financial statements for the financial year ended 31 March 2024. The financlal statements are prepared in accordan wlth the Companles Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accr)unting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicab18 in the UK and Republic of Ireland IFRS 102). The Dire¢lois' Report contains the inlorrnalion required 10 be provided in the Direclors, Annual Report under the Slalemenl of Recommended Practice (SORPI guidelines. The directors of the company are ?Iso charity trustees for the purpose of charity law and under Ihe company's constilulion are known as members of the board of trustees. In thls report the dlreclors of National Youth Choir of Northern Ireland present a summary of ils purpose. governance, aclivilies, achievements and finances for Ihe financial year 31 Mafch 2024. The company is a registered charity and hence the report and results are presented in a fom) whlch complies with the r&quirements of Ihe Companies Acl 2006 and, although not obliged to comply with the Sialemenl of Recommended Practice appllcable in the UK and Republic of Ireland FRS 102, lh8 organisation has implernenled ils recommendations where relevanl in these financi81 slalemenls. Prlnclpal AetlvltSe• The prinopal activity of the company Is lo establish and malnlain the Nalion81 Youth Choir of Northern Ireland INYCNII and promote the hlghesl standard of choral slnglng and vocal skllls among young people of Northern Ireland. Princlpal Rlsks and Uncertainties The directors and the Administration Manager have assessed the major risks lo which th& charity is exposed, in particulaf those lating lo Ihe operations and finances of the company and have pul in place a risk management plan to miligale any exposure lo thos8 risks. Reference and Adminl8lrallv• detall8 The company, limited by guarantee and not having a share Gapital, wa$ incorporated on 12 January 1999 and has a charitable slalus rel XR29957. The company number is N1035447. Its princlpal and registered office Is CIO C8mpbell College, Belmont Road, Belfast, 8T 2ND. The company is registered with the Charity Commission Northem Ireland NSC 100542. Dlr*¢tors The directors who served throughout the flnandal year, excepl as noted, were as follows.. Eibhlis Farrell Gillian Greenfield (Resigned 12 December 2023) Paul Mulholland Graeme Stewart (Resigned 12 December 2023) Catherine Oalzell Amy Bennington Sarah Minford (Appointed 27 FebnJary 20241 Laura Sall {Appoinled 27 February 20241 Siobhan Savage {Appoinled 27 February 20241 Emma Quinn {AppDinted 13 March 20241 Obje¢tlves and a¢tlvltl•s The main objective of the charity is to promote the study and practice of choral music in order lo foster public knowledge and appreciation of such music by th8 presentalion of concerts and other a1VitieS for the people in Northem Ireland. The aclivilies undertaken during the year by NYCNI induded school workshops, residential music urSes, master classes and concerts.
Oocuslgn Envelope10.. 2399F647493E4A7E-9AC&AC443FODE50A National Youth Choir of Northern Ireland IA Gompany Ilmlted by guarantee. not havlng a share capiiall DIRECTORS, ANNUAL REPORT for the financial year ended 31 March 2024 R•vSew of Actlvltles. Achievements and Performaneè In the 12 month period to 31 March 2024 NYCNI artistic aclivty continued to develop and expand. In April 2023 seventy-six girts attended the Girls, Choir course. directed by ANJrew Nunn and for 2023 the course was expanded from three to lour days. At the same time the first Boys, Choir course took place over thr88 days. This is new choir, aimed al younger boys aged 8 10 12 and forty-seven boys look part under the direction of Alison McN&ll. The cYJurses culminated with a short concert featuring progfammes from each choir and a joint finale. In July 2023 NYCNI delivered thre8 choral courses at Campbell College. A lolal of 243 young singers attended. The senior and training choir Cciurses wer8 led by Artistic Director Andrew Nunn while the junior choir was conducted by Alison McNeill. The Senior and Training Choir courses were both for seven days and w8re residential, while the Junior Choir was for five days and non-residential. Each course finished with a concert. The Junior and Training Choir concerts look place in Campbell College while the Senior Choir concert was in St George's Church in Belfast. 80een October 2023 and March 2024 NYCNI deliv8r8d school workshops and open audllion sessions across Northern Ireland lor the 2024 summer Urse$ and the Gir15' and Boys, Choir Easter courses. The AGM was held on 12 December 2023. Six full board meetings were held during the during the yèar. Flnan¢lal R¢sull• The iesults are set out on pages 9 and 10. NYCNI had a nel oulgolng resource for the 12 month financial perlod lo 31 March 2024 of £54,033. Following a prior decision to appoint a part time Chief Executive fvnded Irom reserves in the first year, Ihe direclors anlicipaled a loss for the year to 31 March 2024. However, during the year the company had a signlfScanl employee issue which necessilaled additional expenditure in the form of salary tsjsts and legal and professional fees. This resulted In the reported loss for the year and a reductj'on in unrestricted reserves to £16.324. Compllance wlth Sector-wlde Leglslatlon and Standards The rA)mpany engages pro-aclively with legislation, standards and codes which are developed for the s&thr. National Youth Choir of Northern Ir8land subscribes lo and is compllanl with the following.. The Companies Acl 20016 The Charities SORP (FRS102) Reservo$ Policy The Directors, policy in relation to unreslricled reserves is to maintain a level of reserves to protect the company against unexpected addilional costs or reductions in incom8. The Directors consider that an appropriale largel level is betwe&n thfee and six months normal recurring expenditure. CLtrrenlly behveen £20,000 and £40,000. At 31 March 2024, unrestricted reserves are £16,324. which ts fess than target. Structure. Gov•rnanc• and Man•g•m•nt Organi•ational Slfuctur¢ The National Youlh Choir of Northern Ireland INYCNII is governed by a Board ol Dlreclors which delegales responsibility for th8 administrative and artistic running of the (x)mpany to a Chief Executive with adrnlnislralive support and an Artislio Director. Durlng Ihe 8nnu81 courses, NYCNI also engages Ihè s8Nices of conductors, a team of section coaches for sopranos, contrallos, tenors and basses. vocal lulors as well as a team of welfare personnel. Governlng Document The company is limited by guarantee, not having a share capital. 11 is registered in Northern lieland {regislration number N1035447) and tras obtained charitable slatus wilh Charity Commission Northern Ireland {referenc8 number 100542). 11 is governed by ils Memorandum and Articlès of Association. Rocruilment and Appointment of Dlrectors New directors have an induction meeting with the Chair of the Board. They are briefed on a range of issues including full introduction lo Ihe organisalion, ils decision-making process, ils business plan and its rent financial perfomance and the roles and responsibilities of a Board Member. Spoclal Provlslons relatlng lo Small companles The above report has been prepared in accordance with thè special provisions relating lo small companie$ wilhin Part 15 of the Companies Act 2006.
Do¢19n Envelope ID: 2399F647493E4A7E-9AC8-AC443FODE50A National Youth Choir of Northern Ireland IA company Ilmitod by gu*rante•. nol havlng a $h•r• capithl) DIRECTORS, ANNUAL REPORT for the financial year ended 31 March 2024 Approved by the Board of Directors on 18-Dec-24 1 10:35 G an Islgned on Its behalf by: Paul Mulho Dlre¢lor
Docu$wn Envelope ID.. 2399F647493E4A7E-9AC&AC443FODE50A National Youth Choir of Northern Ireland IA company limitsd by guaranttro. not havlftg a Sharo capital) STATEMENT OF DIRECTORS, RESPONSIBILITIES for Ihe financial year ended 31 MarGh 2024 The directors are responsible for preparing the financial statements in accordance with applicable law and regulations. Company law requires Ihe directors lo prepare flnaneial slalemeftts for each ffinancial year. Under that law the dlrectors have elected to prepare the financial slalements in accordance with United Kingdom Generally Accepted Accounling Practice (United Kingdom Accounting Standards and applicable law) including FRS102 Yhe Financial Reporting Slandard applicable in the UK and Republic of Ireland" Under company law the directors musl not approve the financial 5talemenls unless they are satisfied Ihat they give a true and fair view of the slat8 of affairs of the company and of the nel Income or expenditure of the company for that perlod. In preparing these financial statements, the directors a required to.. make judgemenls and estimates that are reasonable and prudent- observe Ihe methods and principles In the Charllies SORP, slate whether the financial statements have been prepared in accordance with the relevant financial reporting framework. identify those 5tsndards, and note the effect and the reasons for any rnalerial departure from Ihose standards.. and prepare the financial slalemenls on th8 going concern basis unless il is In8ppropriale lo presume that the company will continue in operation. The directors confimi thal Ihey have ¢omplied with th& above requirements in preparing the financial slalemenls. The directors are responsible for keeping adequat8 accounting records Ihal ale sufflclenl to show and explain the company'5 transactions and disclose with reasonable accuracy al any lime the financial position of the company and enable them lo ensure thal the financial slalement5 comply with the Act. They are also spOnsible for safeguarding the assets of the company and henGe for taking reasonable steps for the prevonlion and Oelection of fraud and olher Srregularilies. Approved by th• Board of Directors on 18-Dec-24 1 10:35 GMT and 81gned on Ils behalf by: ¥lirt••by.' Paul Mulhollan Dlrector
Docusign Envelope ID.. 2399F647493E4A7E-9AC&AC443FODE50A National Youth Choir of Northern Ireland (A company limited by guarantee, not having a share capital) INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF DIRECTORS OF NATIONAL YOUTH CHOIR OF NORTHERN IRELAND W8 report on the accounts Df th8 d)arity for the year 8nded 31 March 2024, which a sel out on p3g95 9 10 17. Respèctlve responslbllltl•s of dlrector8 and èxamlner Th8 company's Irustees (who are also Ihe directors ol the company for the purposes of company lawl are responsible for the preparation of the financial slalemenls in accordance with the requirements of the Companies Act 2006. Having satisfied ourselves that Ihe charity is not subjecl to audit under Part 16 of the Companies Act 2006, and is eligible for indepén(lent examination. It is our responsibility lo.. examine the financial statements under section 65 of the Charities Act.. follow the procedures laid down by the general Directions given by the Charity Commission for Northem Ireland under section 6519Mb) of the Charities Act.. and slate whelher particular mattefs have come lo our attention. Basis of Independent oxarnln•r's report We have examined your company financial statements as required under section 65 of the Chari1185 Act and our examination was carried out in a¢cordan¢e with the general Directions given by the Charity Commission for Northern Ireland under section 65{9Mb) of the Charilies Act. An examination includes a vIeW of the accounting records kept by Ihe company and a comparison of the financial slalements presented with Ih05e records. 11 also incluées Consideration of any unusual items or disclosures in the financial slalements and seeking explanations from the trustees ncemIng any such matters. Our role is to slate whether any material matters have come lo our attention giving cause to believe.. accounting records were nol kept in accordance with section 386 of the Companies Act 21x16 the financial slatemenls do not accord wilh those accounting records Ihe financial slalemenls have not bean prepared in accA)rdance with the accounting requiiements of section 396 of the Companies Act 2006 and with the methods and principles of Ihe Slalemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS102) there is further information needed for a proper understanding of the a¢counl$ to be reached. Ind0pond•nl •xamlner's stat•ment We have compleled our examination and have no concefns in respect of the matters Ilsted above and, in connection with following the Directions of the Charity Commission for Northern Ireland. we have lound no matters that require drawing lo your attention by.. MULDOON & CO 16 Mount Charlès Belfast 8T7 1NZ 18-Dec-24 1 14:34 Gl Date: ........................,,.....
Oocusi9n Énvelopè ID.. 23g9F647493E4A_9AC8.AC443FQDEs0A National Youth Choir of Northern Ireland IA ¢ompany Ilmited by guarantee, not havin9 a share capital) STATEMENT OF FINANCIAL ACTIVITIES Ilncorporatlng an In¢omg and Exp•ndltur• A¢countl for the financial year ended 31 March 2024 Unrestrl¢ted Restrlcted Fund¥ Fund¥ 2024 2024 Total Unreslricled Restricted Funds Funds Funds 2024 2023 2023 Total Fund5 2023 Notes Incomlng Resour¢es Donations and lega¢ie8 Charitable activities Other income 6.060 103,396 6.668 73,233 79.293 103.396 6.868 8,477 80,980 7,486 64,797 73.274 80,980 7,486 Total Incomln9 resourc•s 116,324 73.233 189.557 96.943 64,797 161,740 R•sour¢•s Expended Raising funds Charitable a¢livilies 3,212 163,145 3.212 240.378 3,975 108.579 3,975 171,376 77,233 62,797 Total R•sourees Expend•d 166,357 77,233 243.590 112.554 62,797 175.351 Net IncomInOUt90Ing r•8our¢eg before translfrrs (50,033) {4.000) (54.0331 (15,6111 2,000 {13,611) Gross Iransfers between funds Net movement in lunds for the Ilnan¢ial yoar {50,0331 (4,000) {$4.033) (15,611) 2,000 113,611) R•¢on¢illatlon ol lund•'. Total funds beginning of the year 14 66,357 4.000 70,357 81,968 2.000 83,968 Total funds at th• •nd of tho y••r 16,324 16,324 66.357 4,000 70,357 The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expendllure relatè lo continulng activities. The notes tsn pages 11 lo 17 form part ollhe financaal statements
Oocuslgn Envelope10.' 2399F647493E4A7E-9AC&AC443FODE50A National Youth Choir of Northern Ireland IA ¢ompany Ilfflited by guaranie•. not having a shar• capital} Company Numbèr: N103S447 BALANCE SHEET as al 31 March 2024 2024 2023 Notes Fixed Assets Tangible assets 816 68 Current Assets Stocks Deblors Cash al bank and in hand 10 11 657 16.186 43,699 5,342 90,172 60.542 95.514 Credltorn: Amount8 falllng du• wlthin on• y•ar 12 {45,034) 125,225> N•t Curr•nt A$••l• 15.508 70.289 Tolal Assets less Curr¢nt Llabllltles 16.324 70.357 Funds Resliicled trust lunds General fund (unrestricted) 4.000 66,357 16,324 Total fund$ 14 16.324 70.357 These flnancial slalemenls have been prepared in accordance wilh the special provisions relallng to sm811 companies within Part 15 of the Companies Act 2006. Foi the financial year ended 31 March 2024 the Company was enlitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been dèposited und8r section 476. The directors confimi th81 the members have nol required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006. The direclors acknowledge Ihelr responsibilities for ensuring that the company keepg accounting records which comply wilh se¢lion 386 and for pieparing financial stalem8nls which give a true and lair view of the stale of affairs of the company as al the end of the financial year and of ils profil and loss for the financial year in accordance wth the requirements of seclions 394 and 395 and which othen*vise comply with the requirements of the Companies Acl 2006 relating to financial slalements, so far as applicable lo the company. Approved by lh• Board of Dlractor• and authorl8¢d for l••ue'on behalf by 18-Dec-24 1 10: 3S.ggn•d on Ils 41oTr•dbr. Paul Mulhollan Dlrector The notes on pages 1110 17 fom part of the fin8n081 statements 10
DocusYJn Envelope10: 2399F647493E4A7E-9AC8-AC443FODE50A National Youth Choir of Northern Ireland IA company Ilmlt•d by guarJnt••, not hjving y Bharè capltsl} NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 GENERAL INFORMATION National Youth Choir of Northern Ireland is a company limrted by guarantee. incorporated in Northern Ireland. The address of the regislered office is given in the charity infomialion on page 3 of these financial slalements. The nature of the charity's operations and pnncipal activities are to promote the study and practic8 of choral Music in order lo foster public knowledge and appreciation of such music by Ihe pre5entalion of concerts and other aclivits'es. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consislenlly in dealing with items which are considered material in relalion lo the charity's financial statements. Slatsmènt of compllance The linancial statements have been PrePad in accordance with Accountlng and Reporting by Chanlies.. Sialemenl of Recommended Practice applicable lo chaiilies pr8parin9 their accounts in ac(x)rdance with Ihe Financial Reporting Siandard applicable in the UK and Republic of Ireland IFRS 102) {effective 1 January 2019) - {Charity SORP (FRS 102)), the Financial Reporting Standard applicable in the Uniled Kingdom and Republic of Ireland IFRS 1021. the Companies Act 2006 and UK Generally Ac¢epted Accounting Practice. The charity has applied Update Bullelln 1 as published on 2 February 2016 and does not include a cash flow slatemenl on the grounds il is applying FRS 102 Section 1 A. The finanGial slatements have been prepared under the historical cost convention. The financial slalements are presented in Sterling which is Ihe functsonal currency ol Ihe charity and rounded to the nearest £1. The significanl a¢¢ounling policies applied in the preparation of these financial slalemenls are sel out below. These policies have been consistently applied to all years presented unless otheise slated. Cagh Ilow stalemenl The company has availed of the exemption in FRS 102 from Ihe reqU1ment to produce a cash flow slalemenl because il is classified as a small company. Fund aecountlng The following are the calegories of funds maintained: Re•trlcl•d funds Restrlcled funds can only be used lor particular reslncted purposes within the objectives of the charity. Unrestrfcted fundg Unreslricled funds are avallable lof use al the dlscretion of lh8 dirèctor8 in furtherance of general activitles of the Charity. 11
Oocu$ign Envelope ID.. 2399F647493E4A7E-9AC&AC443FODE50A continued National Youth Choir of Northern Ireland IA company limitfyd by 9uarantoe, nol having a shar* capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 In¢omlng Resources All incoming resoufces are included in Ihe Statement of Financial Activities {SoFAI when the charity is legally enlilled to the income after any performance conditions have been met, Ihe amount can be measured reliably and it is probable that the incomè will be recelved. For donations to be recognised the charity will have been notified of the amounts and th8 settlement dale in writing. If there are conditions attached to the donation and this requires a level of performance before enlillemenl Can be obtained.. then income is deferred until those conditions are fully mel or Ihe fulfilment of those condlllons is within the ntrol of the chailly and il is probable Ihal they will be fulfilled. Donated fa¢ililies and donated professional services are recognised in income at their fair valu8 when their economic benefil is probable. it can be measured reliably, and the charity has control over the item. Fair value is determined on the basis of the value of the gift lo the charity. For example, the amount the charity would be willing lo pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure. No amount is included In the financlal statements for volunleer timej in line with the SORP (FRS 102). Where placlicable. gifts in kind donated for distribution lo the beneficiaries of Ihe chartly are included in stock and donations in the financial slalemenls upon receipt. If il is Impracticable lo assess the fair value al receipt or if the costs lo undertake such a valuation oulweigh any benefits. then Ihe fair value is recognised as component of donations when il is distributed and an equivalent amount recognised as charitable expenditure. Incomé from Irading activities inclufles incomé earn8d from fundraising events and trading activities lo raise funds for the charity. Income is received in ex¢h8nge lor supplying goods and servic85 In order lo rais8 funds and is recognised when entillemenl has occurred. Donations and Grants are credited lo the SOFA in the year in which they were receivable. ReJour¢•g Exponded All expenditure is accounted for on an accruals basis and has been classlfSed under headlngs that aggregate 811 cosls related lo the category. Expenditure is recognised where there is a legal or conslruclive obligation lo make payments'lo third parties, il is probable that the settlement will be required and the arnounl of the obligation Can be measured reliably. Irrecoverable VAT is charged as an exp8nse against Ihe activity lor which expenditure arose. Support costs are those that a5sisI Ihe woth of the charity bul do not directly iepresenl charitable aclivilies and include office costs, governance costs, and administrative payroll costs. They are inCUrd directly in support of expenditure on the objects of the charity. Where support costs cannot be directly allribuled lo particular headings. they have been allocaled lo cosl of raisin9 funds and expenditure on charitable aclivilies on a basis consislenl with use ol tho resources. Muslc Prior lo 30 November 2002, the music was sold lo members. Up lo 1 December 2005. purchased music was charged lo Ihe Profit & Loss accounl as an expense and stock was held in the UYC Music Library. The music Is valuable in that il can be used again, hId lo other Youth Choirs and Can be sold. Accordingly in 2006, Ihe Board agreed to capitalis8 all music over £200 per rtems with an initial depreciab'on of 50% and a further 10% annually ther8after. I•Coverable value added tax As Ihe company Is not regislered for VAT, any irrecoverable VAT is charged lo the siat8menl of finanaal activities or capilalised as part of the cost of the related assel, wh8re appropriale. Stocks Stocks are slated at the lower of cost and eslimaled selllng price less costs lo complete and sell. Cost includes all costs of purchase, costs of conversion and olher costs incurred in bringing slock lo Ils pr8sent location and condition. Cost is calculated using the firsl-in. firstUl formula. Provision is made for damaged, obsolete, and slow-moving stock where appropriate. 12
Oocusign Envelope ID.. 2399F647493E4A7E-9AC8-AC443FODESOA continued National Youth Choir of Northern Ireland IA company Ilmlt•d by guaranleo. not havlnq a 6h&r• ¢apit•l) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 Tangible fixod assets and depreciatlon Tangible fixed assels are slated al cost or al valuation. less accumulaled depreciation. The charge lo deprecialion is calculaled lo write off Ihe orlginal cost or valuation of tangible fixed assets, less their eslimaled residual value. ovgr their expected useful Ilves as follows.. Plant and machinery Fixtures, fittings and equipment 10(J/• Straight line 33 ID Slraighl line Music over £200 in value al cost in year one 51)% Music over £200 in value afteryear one 10% D•btors and credltors re¢eSvable wlthln one year Debtors and creditors with no slated interest rate and receivable or payable within oné year ai8 retorded at transaction price. Any losses arising from impairment are reco9nised in éxpendrtuffj. Taxatlon The charity Is an exempt charity and is considered to pass Ihe lesls out In Paragrnph 1 Schedule 6 Finance Act 2010 and therefore il meets the definition of a charitable company for UK corporation lax purposes. Grantg receivable Donalions & Grants ar? crediled lo the slalemenl of flnancial activities In the year in which they were recelvable. Penslons The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from Ihose of the company. Annual contributions payable lo the company's pension scheme are charged lo the incL*me and expendlture account in the period lo which they r8lale. GOING CONCERN The company has suffered a significant loss for the year and unrestricted r8seNes have lallen below target levels, However there is a break even budg8t for Ihe year lo 31 March 2025 and the Direclors plan lo rebuild reserves in the coming years. The D1clOr8 have pPared cash flows, which indicate that the company will be able lo meet ils liabilities as they fall due for a period of 12 months from the dale of signing the accounts. While Ihe company continuos lo be dependenl on lunding from the Arts Council Nl, the directors do nol consid8r that there is a slgnificant doubl about the ability of the company lo continue as a going Concern and eccordlngly have prepared these accounts on a going concern basis. INCOME DONATIONS AND LEGACIES Unrestrlctfrd Restrlcled Fund• Funds 2024 2023 Individual Supporter Donations Gift Aid on member 5ub5 Accountancy - PWC foi processing payroll gift Arts Council Northern Ireland General Trusl Income 550 3.210 1,800 550 3.210 1.800 70.733 3.000 500 2.177 1,800 60,797 8,000 70.733 2,500 500 6,060 73,233 79,293 73,274 CHARITABLE ACTIVITies Unrostrictod Rgstrictttd Funds Funds 2024 2023 Chori51er Fees 8ox Office 97.435 5,961 97,435 5,961 76,750 4.230 103,396 103,396 80,980 13
Docuslgn Envelope ID.. 2399F647493E4A7E-9AC&AC443FOOE50A continued National Youth Choir of Northern Ireland IA Company limit¢d by guarantee, not having a $har• capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 OTHER INCOME Unrestrlcted Restricted Funds Funds 2024 2023 Miscellaneous Income Bank Interest 5,839 1,029 5.839 1,029 7,149 337 6,868 6,868 7.486 EXPENDITURE RAISING FUNDS Dirfrct Costg Other Costs Support Costi 2024 2023 Costs of 9eneratin9 funds 3,212 3.212 3,975 CHARITABLE ACTIVITIES Dlrecl Costs Other Costs Support Co8t8 2024 2023 School Workshops Course Costs 11,911 120,080 9,781 98.606 21.692 218.686 29.876 141,500 131.991 108,387 240,378 171,376 SUPPORT COSTS Charltablo A¢tlvltl•s 2024 2023 Artistic Dlrector Feés Wages and salaries R8nl payablé Insurance Depreciation on Equipment Travelling and enlertabnmenl Bank Charges Governan¢e cost - Accountancy General expenses Governance cost - Legal & Professlonal 6,000 78.436 5,415 618 391 900 552 3.420 3,010 9.645 6,000 78,436 5,415 618 391 900 552 3,420 3,010 9,645 5,0 49,265 4.390 583 15 285 389 3,420 1.619 5,049 108,387 108,387 70,015 Support costs are allocated on a proportion of charitable activity costs. The ac¢ounlancy fee includes an independent examination lee of £1.62012023'. £1,620) NET INCOMING RESOURCES. 2024 2023 Net Incoming Resources are stated after chargingl(creditingl: Depreciation of tangible assets 391 15 14
Oocusign Envelope ID.. 2399F647493E4A7E_9AC&AC443FOOE50A continued National Youth Choir of Northern Ireland A company limit¢d by guar*nt¢¢, not havlng a Sharè capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 EMPLOYEES AND REMUNERATION Nurnbor of ¢mployoe8 The average number of persons employed (including execulive direclors) during the flnanclal year was as follows.. 2024 Numb•r 2023 Number Charitable Activities The staff costs comprise.. 2024 2023 Wages and salaries Pension costs 76.340 2,096 47,760 1.505 78,436 49,265 No trustee received any remuneration in the year12023'. £NIL). However, ono director received paymènt for professional seNices as set out In note 16. TANG18LE FixeD ASSETS Plant and Flxtures, machln8ry fittings and equipmenl Motor vehlclos Total Cost At 1 April 2023 Additions 650 3,043 1,139 3,001 6.694 1,139 Al 31 March 2024 650 4,182 3,001 7.833 D•preciation Al 1 April 2023 Charge for the financial year 582 15 3,043 376 3.001 6.626 391 Al 31 March 2024 597 3,419 3,001 7.017 Net book valu• Al 31 March 2024 53 763 816 At 31 March 2023 68 10. STOCKS 2024 2023 Finished goods and goods for resale 657 11. DEBTORS 2024 2023 Prepayments and a¢crued income 16,186 5,342 15
Docusign Envelope ID: 2399F647493E4A7E-9AC&AC443FODE50A continued National Youth Choir of Northern Ireland IA company Ilmlted by guarant90, not havin9 a sharè Gapltsll NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 12. CREDITORS Amounls falllng due wlthln one y•ar 2024 2023 Taxation and social security costs Accruals and deferrod income 3,439 41,595 1,444 23,781 45,034 25,225 13. RESERVES 2024 2023 At the beginning of the year Deficit for the financial year 70.357 154.033} 83.968 {13.6111 At the end of the year 16,324 70,357 14. FUNDS 14.1 RECONCILIATION OF MOVEMENT IN FUNDS Unreitrlcted Rfrstrlctsd Fund8 Funds Tot•1 Fund¥ At 1 April 2022 Movement durlng the flnancial year 81,968 115,611) 2.000 2.000 83,968 (13.6111 At 31 March 2023 Movement during the financial year 66,357 150,033) 4.000 14,000) 70.357 (54,0331 Al 31 March 2024 16,324 16.324 14.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 April 2023 Income Exp•Trdltur• Transfers between funds Balanc• 31 March 2024 ACNI General Trust Income 70,733 2.500 70,733 6,500 4,000 4,000 73,233 77,233 Unre$trl¢ted funds Unrestricted General 66,357 116.324 166,357 16.324 Totsl fund• 70,357 189.557 243,590 16.324 14.3 ANALYSIS OF NET ASSETS 8Y FUND Fixod assets - chavlty uso Current assets Current liabilltles Tolal Restricted trust funds Unreslricted general funds 816 60.542 145.034) 16,324 816 60.542 145,034) 16,324 16
Doeuslgn Envelope ID.. 2399F647493E4A7E-9AC8-AC443FODESOA continued National Youth Choir of Northern Ireland {A company limit¢d by yuaTant¢¢, not having o $haro capltal} NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 15. STATUS The company is limited by guarantee and as such doesn't have any share capital. The liability of ea¢h member is limited lo £1. 16. RELATED PARTY TRANSACTIONS During the year director Catherine Dalzell was paid £1.47012023 - £1,400) for professional services. 17. POST.8ALANCE SHEET EVENTS There have been no significant events affecting the charity since the year-end. 17