Charfty Ragistration No. NIC1009041xf1684
Compary Registration No. N1062936 (Northern Irela
OH YEAH MUSIC CENTRE
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

OH YEAH MUSIC CENTRE
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
G Murray
J F Fitch
L J McDowell
A McKenna
KSBell
P Mcclean
C G Southem
P H E￿dnS
Charity number
NIC1009041xf1684
Company number
N1062936
1 S-21 Gordon Street
Belfast
c￿ Antrim
Northern Ireland
BT1 2LG
FPM Accountants Limited
1 - 3 Arthur Street
Belfast
Co. Antrirn
Northern Ireland
BT14GA

OH YEAH MUSIC CENTRE
s7ATEMENT OF FINANCIAL AcfiviTIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
KOR THE YEAR ENDED 31 MARCH 2023
Unrestricted Restricted
funds
funds
Z023
2023
Total Unrestricted Restricted
funds
funds
2022
2022
TDLII
2023
2022
Notes
In<ome and endowments frorn:
Donations and legacies
Charitable artivities
other trading activities
Investments
Qther income
144,572
56,866
137,285
168,256
55,610
311828
112,476
137,285
177,825
23,813
102,011
170
154,276
146,117
332.101
169,930
102,011
170
250
250
Total income
338.973
223,866
562,839
303,819
300,393
604,212
enditure on..
Charitable activities
350,024
238,830
588.854
370,878
293,421
664,299
Net o•Jtyolng
resources before
transfers
(11,051)
{14.964)
(26,01 S)
(67,059)
6.972
(60m7)
Gros5 transfers
btheen funds
11228
(12,228)
19,168
(19,168)
Net Incomel{expenditure)
for thè yearl
Net movement in funds
1,177
{27,192)
(26,0151
(47,8911
(12,196)
(60.087)
Fund balan￿S at 1
April 2022
162,336
258,515
420,851
210,227
270,711
48Q,938
Fund balances at 31
March 2023
163,513
231,323
394.836
162,336
258,515
420,851
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activitie&
The ststement of financial activities also complies with the requirements for an income and expenditur?
account under the Companies Act 2006.

OH YEAH MUSIC CENTRE
BALANCE SHEET
ASA r31 AURCH2023
2023
2022
Notes
Fixed assets
Tangible assets
12
21K1,721
173.830
Debto
Cash at bank and in hand
13
121,400
95,012
81,794
198,671
216.412
280,465
CreditorR amount5 tdlling due wlthin
one year
14
(21297)
(33A44)
Net current assets
194115
247.021
Tolal assets less current Kabilltles
394,836
420,851
Income funds
Restricted fvnds
Unrestricted fijnds
15
231323
163.513
258,515
162,336
394.836
420.851

OH YEAH MUSIC CENTRE
BALANCE SHEET (CONTINUED)
ASAf31 MARCH 2023
The company is entitled to the exemption from the audit reqiiir@ment containpd in sertion 4n of the
Cornpanies Act 2006, for the year ended 31 March 2023, although an audit has been carried out under section
65 of the Charitie5 Act (Northern 1reland} 2008. No member of the company has deposited a notice. pursuant
to sertion 476, requiring an audit of these accounts under the requirements of the Companies Art 2006.
The directors acknowledge their responsibilities for ensuring that the charity keeps accounting records which
comply with section 386 of the Act and for preparing financial statements which give a true and fair View of
the state of affair5 of the cornpany as at the end of the financial year and of its incoming re50urce5 and
application of resources, including it5 income and expenditure, for the financial year in accordance with the
requirements of sections 394 and 395 and which othe￿iSe comply with the reqLJirements of the Companies
Act 2006 relating to fi nancial Statements. so far a5 applicable tD the company.
The member5 have not required the company to obtain audit of its financial statements under the
reqUi￿rnents OF the Companies Act 2006, for the year in question in accordance with Section 476.
These financial statements have been PrePa￿d in accordance with the provisions applicable to companies
subjett to the small companie5 ￿girn
The financial statements were approved by the Trustees on ..o.I 1.1 Ll..i.oi
P H Evans
Trustee
Company Registration No. N1062936

OH YEAH MUSIC CENTRE
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2023
2023
2022
Notes
Cash flows from operating activities
Cash absorbed by operations
19
(50,68
(36B03)
Investing acti¥ities
Purchase of tsngible fixed assets
Investment income received
(51973)
(50,095)
170
Net cash used in investing artlvltie5
(51973)
(49,925)
Net cash used In firwKing acii¥ities
Net decrease in cash and cash equivalonts
(103,660)
(86,728)
Cash and cash equivalents at beginning of year
19&6TI
285,399
Cath and cash equivalents at end of year
95,012
198,671
-?n.

OH YEAH MUSIC CENTRE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Accountlng policies
Charity inforniation
Oh Yeah Music Centre 15 a private company limited by guarantee incorporated in Northern Ireland. The
registered office is 15-21 Gordon Street, Belfast, Co. Antrim, BTI 2LG, Northem Ireland.
1.1 Accounting convention
The accounts have been prepared in accordance with the Chaity'5 governing document the Comparkie5
Att 2006 and °Accaunting and Reporting by Charities= Statetnent of Recommended Practice applicable to
charrties preparing their accounts in accordance with the Finanaal Reporting Standard applicable in the
UK and Republic of Ireland [FRS 102)- las amended for accounting period5 commencing from 1 January
2019). The Charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the Charity-
Monetsry amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared under the historical c05t convention. The principal accounting policies
adopted are set out below.
1.2 Golng concern
At the time of approving the financial Statements, the Trustees have a reasonable expertation that the
Charity has adequate re50urces to continue in operational existence for the foreseeable futurè. Thus the
Trustees continue to adopt the going concern basis of accounting in preparing the financial 5tstements.
1.3 Charitable funds
un￿stricted funds are available for use at the discretion of the Trustees in furtherance of their charitsble
objectives.
Restricted ￿ndS are Subject to specific conditions by donors as to how they may be used. The purposes
and u5e5 of the restricted funds are set out in the notes to the financial statements.
Endowment fund5 are subjert to Specific conditions by donors that the capital must be maintained bythe
Charity.
1.4 Income
InC0￿e is recognised when the Charity is legally entitled to it after any performance conditions h￿e
been met, the amounts can be measured reliably, and it is probable that i ncome will be received.
Cash donation5 are recagnised on receipL Other donations are recognised once the Charty has been
notified of the donation, kJnle55 perfoftna￿e conditions require deferral of the amount Income tax
recoverable in relation to donations received under Grft Aid or deeds of covenant is recogni5ed at the
time of the donation.
Legacies are ￿COgnIsed on receipt or otherwise if the Charity has been notified of an impending
distribution, the amount is known. and receipt is experted. If the amount Is not known. the legary s
treated as a contingent asset.
1.5 Expenditufe

OH YEAH MUSIC CENTRE
IOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
KOR fHE YEAR ENDED 31 MARCH 2023
Accountlng policies
(Continued)
Expenditvre is recognised once there is a legal Of constructive obligation to make a payfflent to a third
party, It is probable that settlement will be required and the amount of the obligation can be measured
reliably.
Expenditure is classified under the following activity headings".
Expenditure on charitable activitie5 includes the costs of supporting refjJgee farnilies and activitie5
undertaken to further the purpose5 of the charity and their associated support costs,.
Irrecoverable VAT is charged as a cost against the activlty for which the expenditure was incurred.
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 impainnent losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over
their usefijl lives on the following bases..
Leasehold land and buildings
Fixtures and fittings
Office Equipment
Motor vehicles
18 Years Straight Line
25% Reducing Balance
25% Reduang Balance
20% Reducing Balance
The gain or 1055 arising on the disposal of an asset is determined as the differen￿ between the sale
proceeds and the carrying value of the asset and is recogni5ed in net income/(expenditure) for the year.
1.7 Impairnient of fixed a55ets
At each reporting end date, the Charity reviews the carrying arnounts of its tsngible assets to detemine
whether the￿ is any indication that those assets have suffered an impaimient loss. If any such indication
exists, the recoverable amount of the asset 15 estimated in order to detemiine the extent of the
irnpairment loss (if any).
1.8 Cash and cash equlv)lents
Cash and cash equivalents indude cash in hand, deposits held at call with bank5, Other 5hort-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts ¥e
shown within borrowings in current liabilitie5.

OH YEAH MUSIC CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Accounting policies
(Continued)
1.9 Financial instruments
The Charity has elected to apply the provi510r15 of Section 11 'Ba5ic Financial Instruments, and Section 12
'Other Financial Instrurnents Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Charity's balance sheet when the Charity become5 paty to
the contrartual provisions of the instrument.
Financial a55ets and liabilities are offset, with the net amounts prtssented in the financial statements. when
there is 3 legally enforceable right to set off the recogr)ised amounts and there is an intention to settle
on a net basi5 or to reali5e the asset and settle the liability simultsneously.
Basic financlalassets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
trarssattion price including transaction costs and are subsequently carried at amortised cost Using the
effective interest method unle55 the arrangement constitutes a financing transaction. where the
transxtion is measured at the present value of the future re￿ipts discounted at a market rate of ￿terest
Financial assets classified a5 receivable within one year are not amortised.
Basic ffnancial /labJYities
Basic financial liabilities, including creditors and bank loans are initially recognised at transartion price
unless the arrangement constitutes a financing transaction, where the debt instNment is measured at the
present value of the future payments discounted at a market rate of interest. Financial liabilities classified
as payable wrthin one year are not amortised.
Debt instruments are Subsequent￿ carried at amortised cos( usin9 the effective interest rate method.
Trade creditors are obligations to pay for goods or seNices that have been acquired in the ordinary
course of operations frorn suppliers. Amounts payable are classified as current liabilities if paymerrt is due
within one year or less. If not, they are presented as non-current liabiliti2s. Trade creditors are recognised
nitially at transaction price and subsequently measured at 8mortised cost Using the effective Inte￿5t
method.
Dereeognition of finanual Ilabllknes
Financial liabilitie5 are derecognised when the Charity's contractual obligations expire or are discharged
or cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's seNices
are received.
Termination benefits are recognised immediately as an expense when the Charity is demonstrably
committed to terminate the employment of an employee or to provide termination benefits.
1.11 Retlrement benefits
Payments to defined contribLJtion retirement benefit schemes are charged as an expense a5 they fall due.
??.

OH YEAH MUSIC CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR fHE YEAR ENDED 31 MARCH 2023
Critical accounting estimates and Judgements
In the application of the Charit*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 other sources. The estimates and a550ciated assumptions are based on historical
experience and other factors that a￿ considered to be relevant AC￿al result5 may differ from these
estimates.
The estimates and underlying a55UmPtions are reviewed on an ongoing basis. Revisions to accounting
estimate5 are recognised in the period in which the estimate is revisod Whe￿ the revision affects only
that period, ar in the period of the revision and fijture periods where the rewsion affErt5 both currer)t and
future periods.
Donations and legacies
Unrestrlrted Restrirted
fund5
funds
Totsl Unrestritted
funds
Restricted
fijnds
Total
2023
2023
2023
2022
2022
2022
Donations and gift5
Grant Income
121,719
21853
121.719
191,109
98,008
79,817
98,(Ki8
234093
168,256
154,276
144.572
168.256
312￿28
177.825
154,276
332,101
Grants receivable for
ore activities
Arts Council Nl -
R￿enue
Belfast City Council -
Core Funding
PRS Foundation
Arts Council Nl - Covid
Recovery
ACNI Health and
Satefy Capital
Programme
Furlough
Arts Council Nl Other
66.674
66,674
53.075
53,075
56,000
56,CN)O
21,050
56,000
56,000
17,000
21,050
17,000
50,000
50.000
45,582
45,582
45,201
45,201
12,817
12,817
1,803
1,803
22,853
168,256
191,109
79,817
154,276
234,D93

OH YEAH MUSIC CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 3r MARCH 2023
Charitable activities
Unrestr1rt￿ Re5trictsd
Funds
Z023
Totsl Unrestrlct•d
2023
Funds
2022
Rèstricted
Fund5
2022
Total
2022
2023
SerVI￿s prowded
under contract
Performance related
grants
47,438
47,438
3.000
9,428
55.610
65.038
20.813
146,117
166,930
5fi866
55,610
112,476
23,813
146,117
169.930
Analysis by fund
Unrestricted fijnds
Restricted funds
56,866
56,866
55,610
23,813
23.813
146,117
55,610
146,117
56,866
55,610
111476
23,813
146.117
169,930
Perforniance r•latsd grarrts
ACNI - Arts & Older
People
Wellbeing Grant
Women's ca￿r$ Project
Belfast City Council C5uster
Grant
Futu￿ Sueen Nl
Dept for Communities
Help Musicians
ABBSM
Nl Screen
Education Authority
Other
4.694
4694
1,988
6,835
1.988
&835
16,100
16.100
21.919
4,376
21,919
4.376
2,130
2.130
1,900
9.428
9.428
60,0
49,994
15,329
60,000
57,382
1 5,901
11744
16,571
la744
16,571
7.388
572
9.428
55,610
65,038
20,813
146,117
166,930

OH YEAH MUSIC CENTRE
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
KOR THE YEAR EIVDED 31 MARCH 2023
Other trading acthiities
Unrestricted Unrestritted
funds
fvnds
2023
2022
Venue Hire
Membership subscriptions and sponsorships which are in substance a payrnent
for goods and services
Bar & Café Income
Rental Income
Bus Tours & Workshop Income
Events Income
36,862
20,947
10,715
4,766
70,542
4,095
15.071
70.333
200
5,677
Other trading activities
137,285
102.011
Both the 2Q23 and 2022 totals above have been treated as unrestricted income.
Investments
Total Unrestricted
funds
2023
2022
Bank Interest
170
The 2022 total of £170 has been treated as unrestricted income.
Other income
Unrestrlcted
funds
Totsl
2023
2022
Other income
250

OH YEAH MUSIC CENTRE
IOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
KOR THE YEAR ENDED 37 MARCH 2023
Charitable activities
Unrestwicted Restricted
Fund5
Funds
2023
2023
Total Unre5trirted Restricted
2023
Funds
Funds
2022
2022
Total
2022
Stsff costs
Advertising
Events
Hire of Equipment
Other Staff Costs
Volunteer Expenses
Production/Studio
8us Tours
Sound of 8elfast
Café & Bar Supplies
Wornen's Work
Bad Debts
Scratch My Progress
83,584
19,878
42,799
1,750
370
335
1,625
1,590
72.330
670
168,413
251,997
19,878
114,544
9,800
16,273
300
20
27
128,123
11,578
28,534
242,667
21.378
44,807
31)3
20
27
22,751
17,745
1,750
1,111
335
2,675
1,590
83,359
833
741
1,050
17,811
11.029
163
102,888
1,242
7,521
35
8,642
16,500
22
119,388
1.264
7,521
35
8,642
224.931
199.141
424,072
266,232
202,568
468,800
Share of support costs
(see note 9)
Share of governance costs
(S￿ note 91
11&231
39.489
155,720
97,132
81,613
178,745
8,862
200
9,Q62
7,514
9,240
16,754
350,024
23&830
588,854
370.878
293.421
664.299
Anatysis by fund
Unrestricted funds
Restricted funds
350,024
350.024
238.830
370,878
370.878
293.421
23&830
293,421
35Q,024
238,830
588.854
370,878
293,421
664,299

OH YEAH MUSIC CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Support costs
Support Governance
Costs
2023
Support Governance
costs
costs
2022
Depreciation
Estsblishment costs
Travel & subsisten
Printing, postage &
Stationery
General expenses
Bank charges
Membership fees
26,081
115,105
&088
26,081
115,105
8,088
17,615
151,532
2,896
17.615
151,532
2,896
1,410
1,475
388
3.173
1,410
1,475
388
3,173
1,437
1,888
276
3.101
1,437
1.888
27S
3.101
Audit fees
Legal and professional
3.000
6,062
3,CKIO
6,062
3,000
13.754
3,000
13,754
155,720
9.062
164,782
178.745
16,754
195A99
Analysed btheen
Charitsble attivities
155,720
9,062
164,782
178.745
16.754
195,499
Govemance costs indudes payrnents to the aLMditor5 of £3,000 (2022- £3.000) for audit fees
10 Trustees
The Twstees were repaid £Nil for travel expenses incurred during the year (2022 - £Nil).

OH YEAH MUSIC CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH a123
11 Employqes
The average monthly number of employees during the year wa5:
2023
Number
2022
Number
10
Employment Costs
2023
2022
Wages and salaries
Sodal security costs
Other pension costs
185,842
54,097
11058
174607
54.383
9,677
251,997
242.667
No Employee received remuneration of more than £60,IX4) during the year P022 - Nil).
Remuneration received in the year by the Charity's key management amounted to £87,480 p021.
£81,(M)O).

OH YEAH MUSIC CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
KOR THE YEAR EIVDED 31 MARCH 2023
12 Tangible r￿ed assets
Leasehold land Fixtyres and
bulldlw5
fftting5
Offic•Motor vehides
Equipment
Totsl
Cost
At 1 April 2022
Additions
169.162
81,698
50,404
58,280
2.569
13,800
322.940
52.973
At 31 March 2023
169,162
131102
E4).849
13,800
375.913
Depreciation and impaimient
At 1 Aoril 2022
Depreciation charged in the year
52.148
9,398
50,422
10,376
39,807
6,734
1.413
149,111
26,081
At 31 March 2023
61,546
60.798
44,701
&147
175,192
Carrying amount
At 31 Mardi 2023
107.616
71,304
16,148
5.653
200,721
At 31 March 2022
117,014
31,276
18,474
7,066
173,830
13 Debtors
2023
2022
Amounts falling due within one year.
Trade debtots
Amounts due frorn related parties
Grants Receivable
Other debtors
P￿PayMents and accrued income
17.287
86.923
13,390
9,475
45,952
21,346
1588
2.433
3,795
121,400
81,794
?n

OH YEAH MUSIC CENTRE
MOTES,TO THE FINANCIAL STATEMENTS (CONTINUED)
KOR fHE YEAR ENDED 31 MARCH 2023
14 Creditor% amounts falling du• within year
2023
2022
Not•5
Deferred income
Trade credltors
Other creditors
cruals
14,899
6,543
13,194
1,744
7,359
1 1002
22,297
33.444

Ln
rri Ln *
Ln in thj
m04rt
mo
m (n m to Ln
IN 4ri tN LO
Tr) u) o
O * Ln
¢Yi Lri
zzzzz EL
CL ¢£ ¢( < Z CL UJ co o < < < O < Q ￿ LL

OH YEAH MUSIC CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR EIVDED 31 MARCH 2023
16 Analysis of net assets between funds
Unrestrirted Restricted
Funds
Funds
2023
2023
Totsl Unrestricted Restrirted
Funds
Funds
2022
2022
Total
2023
2022
Fund balances at 31
March 2023 are
represented by..
Tangibl@ assets
Current assets/lliabilitiesl
34,763
128.750
165.958
65,365
200,721
194.115
31,680
130,656
142,150
116,365
173,830
247,021
163.513
231.323
394.836
162,336
258.515
420.8SI
17 Company Limited by Guararrtee
Oh Yeah MusK Centre 15 a company limtted by guarantee and accordingly doe5 not have share capit
Every member of the company undertakes to contribute Such amount as may be required. not exceèding
£1. to the as5et5 of the charitable company in the event of it being wound up while they are a current
mernber, or within one year after they cease to be a member.
18 Related paty transartions
At the year end Oh Yeah Music Centre Bar Ltd, a related paty by way of common control, owed £86.923
{2022.' £45,952) to Oh Yeah Music Centre Ltd,
19 Cash generated from operations
2023
2022
Deficit for the year
126,015)
(60.0871
Adjustments for.
Investment income recognised in statement of financial activities
Depreaation and impairment of tangible fixed a55et5
(170)
17,615
26.081
Movements in working capital:
(Increa5e)/decrease in debtor5
Increaselldecreasel in creditors
(Decrease) in deferred income
(39.606}
3,752
(14.899)
10,859
(1604)
(1416)
Cash absorbed by operations
(50,687)
(36,8031
20 Analysis of changes in net fiinds
The Charity had no debt during the year.
?2_