Charfty Registration NIC1009041Kf1684
Company Registration No. N1062936 (Northem Ireland)
OH YEAH MUSIC CENTRE
ANNUAL REPORT AND FINANCIAL STATEMEiYrs
FOR THE YEAR ENDED 31 MARCH 2023

OH YEAH MUSIC CENTRE
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
G Murray
J F Fitch
L J McDowdl
A McKenna
KSBell
P Mcclean
C G Southern
P H Evans
Charity number
NIc100904￿I684
Campany number
N1062936
Registered office
15-21 Gordon Street
Belfast
Co. Antrim
Northern Ireland
BTI 2LG
Auditor
FPM Accountsnts Limited
1- 3 Arthur Street
Bdfast
Co. Antrirn
Northern Ireland
BT14GA

OH YEAH MUSIC CENTRE
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT)
FOR niE YEAR ENDED 31 MARCH 2023
The trustees are pleased to present their annual directors report together with the financial st*ÈmeThts of
the charity for the year ending 31st March 2023, which are also prepared to meet the requirements for
directors, report and accounts for Companies Act purp)ses.
The financial statemènts comply with the Charities Act Northern Ireland 2008. the Companies Act 2006, the
Memorandum and Articles of A550ciation, and Accounting and Reporting by Charities: Ststement ol
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland {FRS102).
Chalr's Report
Oh Yeah is a centre that encourages the ueation of musiG that captures, shares and applies knowledge,
helping build capacty in Northern Ireland's rnusic sector. It creates resonant community projects and
outreach and, although it is often perceived as being a creative hub for young people, It engages with
people of all ages who are from a wide variety of backgrounds and have a diverse range of musical interest
and passion. At the heart of Belfasys Cathedral Quarter, the centre is dedicated to telling the remarkable
Story of Nl musi4 to maintain that legacy and to grow the reputation.
Oh Yeah open5 doors to music and thu5 the centré is alive, busy and active in supporting people who share
a love of music and want to listen, play, perform or produce. It is a dedicated music hub. a place of welcorne
for all ages, backgrounds and genres.
This is at the corq the hear¢ of Oh Yeah's operation and business for we are a business. and we have to
deal with the same challenges faced by all business in the country. At the same time, we are aware that any
change to funding and income, any rise in costs impacts not only on our seNice5 and programmes but may
deny someone's chance to flourish and nurtu￿ their creative spark. It remains therefore. a key obiective for
the Board of Trustees and Oh Yeah's staff to tske any measure possible to lessen the impact of business
decisions on the creative work and on those who matter most, the music lover&
Much greater detail as to how we manage the business in continuing difficult times is contained wtthin the
body of this report that highlights also, as it should, the range of creative achievement in Oh Yeah over the
past twelve month5 and the Succe￿ of the support offered by our staff to people from all walks of life who
come through our open door.
Paul Evans
Chair. Oh Yeah Music Centre. March 2023

OH YEAH MUSIC CENTRE
TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
The Oh Yeah Ifision
The belief is that music is one of the great resources in Northem Ireland, a catalytic agent that changes lives
for the better,
The purposes of the charity are..
Oh Yeah 15 established for the advancement of the arts, and in particular music in Northern Ireland by.
A. Celebrating estsblished acts and to broadpn the music industy Skill base.
B. Promoting a growing number of infomied 5uccessfiJl and expressive voices rising from the local
music scene.
C. Encouraging artists to use Northern Ireland as their horne base
D. The encouragement of a creative music community through acces5 to quality facilities, peer supporr
education in the field of music and critical miew.
E. Facilitating music-makers of all ages and backgrounds within Northem Ireland.
F. Setting up a sustained programme of outieach and 5UPPOrt
G. Fostering awarene￿ and an appreciation of the Northern Ireland music heritage though exhibition5,
archives and interpretative works.
The Oh Yeah Music Centre is a dedicated music hub in the Cathedral Quarter, 8elfast's cultural distrirt. It is
resource for music arKd the business of music. Housed in a three story building it features a free music
exhibition. a café and venue space and a welcoming attitude to anyone who wants to know more about
music and what it can achieve. Oh Yeah is home to 11 musidcreative organisations, plus a recording studio
and affordable rehearsal rooms.
The building hosts live events, workshops and training sessions, summer schemes and sowriter sessions.
Various programmes are in place to grow and mentor new talent and to sustain rnusicians of all ages. We
work in partnership with youth, charity, community, arts, media and music industry organisations.
We develop new talent release compilations of new music and coordinate events like Sound of Belfast. The
NI Music Prize and Women's Work. A series of autreach programrnes has given training to disadvantaged
young people and we have a strong programme far older people.
Our vision is to bring out the best in people through muslc
r key activities can be broken down Into the following areav.
Promotion and celebration of exception31 Nl talent through the Northern Ireland Music Prize and
Sound of Belfast
Live music venue for original and local talent events programrning, rehearsal facilities and room
hire.
Outreach - Youth and older people programmes. diversity and equality through mus1C.
Nl Music Exhibition and Belfast Music Bu5 Tour- Music Tourism and Heritsge.
Music Industry/creative enterprise incubationloffice units.
Talent DeveloprnenL ski115 development and mentoring.
Performances and showcasing (festivals, conferences}
Advocacy, consuftstion and conferences.
Local. national and international partnerships.

OH YEAH MUSIC CENTRE
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH a723
our vol￿teers.
The Oh Yeah Music Centre has a small core team and provides a 5everFday facility and therefore relies on
voluntary help.
We have a CDre team of 10 volunteers who devote time and energy to the project wtth a wider base of 15
volunteers that assist with stewarding events and perfomiances, rehearsal room opening at weekends and
late nights as well as reception and day time 5UPPOrt in the cafe space. This enables longer opening hours
and lower staff cost5 than would otheMise be the case. Most of the volunteers are music fans or musicians
themselves. They are dedicated and we thank them for their loyal support and Service.
The amount of time donated by volunteers this year increased as we started to retum to live events with a
dedicated recnjitment drive for speciffc events and roles such as Women's Work. rehearsal rooms and Sound
of 8elfa5t. Donated hour5 in total equate to around 1000 hours voluntsry time this includes the time
donated by our dedicated board.
Our Values
Promote equality for those who share our vision and actively reach out to people who are
disadvantaged or excluded from the music industry.
Open to new ideas and inventive solutior15 and take risks regarding innovation and creativtty.
Support and promote our music and musical heritage and offer advi￿ and support in progressing
through the joumey in the music sector.
Remain faithful to our vision, and ensure music exists as the core driver in our mission to transfDrm
lives.
Remain independent and confident and strive to bring joy into communities through music
Offer time and help to everybody who comes through the door5 of Oh Yeah and engage with
people from all ages and music interests.
Principle5
Not exploit partlCiP8nts or stakeholders and act with integrity at all times.
Mutually accountable to each other wfthin the organisation, a5 well as openly accountable to
participants, funders and stakeholders. Operate under high standards of govemance.
Dedicated focus on quality and standards throughout the organisation, with access to high
quality training. contacts and knowledge.

OH YEAH MUSIC CENTRE
TRUSTEES. REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Strate
Ic Alms"
The Oh Yeah Centre has four main strategic aims that guide the organisation.
Under each of these four aims, a number of objectives have been formulated to ensure focus is maintained
and the mission of Oh Yeah is upheld through all artions.
1. Promote
To raise awareness and promote Nl Music but also the Oh Yeah professional expertise regarding
consulting and programming in the music sector, and promote Oh Yeah as the leading organlsation
for developing the music sector in Northern Ireland.
2. Indude
Through an active outreach programme Oh Yeah will ensure to include all types of music. and
involve all types of people in our work.
3. Develop
Oh Yeah will develop music and related industries in Northem Ireland, by providing excellent
facilities, acce55 to world-cla55 tuition, peer support and critical review, and dedicated tslent
development programmes for artists.
4. Strengthen
Oh Yeah will work to Strengthen its resources, capacity, finances staff, musicians and wider
community and contribute to the strengthening of the music and arts sector, working with others to
promote music as beneficial to health and well being, the economy, tourism, education and
enterprise.
Main Risk Fartors
April 2022 - March 2023
The centre enters the 15th year of operation in 2021 leaving 5 years left on the lease. Conversations have
stsrted with the landlord and they havè indicated they may sell the building and will consider an offer from
Oh Yeah,. this negotiation will begin later in 2023. Oh Yeah is looking into options to purchase and have
identified 213 sources including Peace Plus and Community Ownership Fund, these will go live last in 2023.
Oh Yeah ha5 applied to Dormant Fund5 for £100k towards sustainability, fundraising and strategic planning,
this work will contribute to the plans for purchase and refurbishment,
The Bar and venue went back to full operations in 22123 and we are 5tsrting to See a retum to p
pandernic income levels, however the C05t of living crisis has impacted on associated costs. Oh Yeah reviews
these changes on a regular basis to ensure it can cover any rising costs while also remaining accessible to
audiences and communities, a difficult balance which is why funding is so important.
Cuts to fijnding and the lack of an executive still remain one of the biggest risks for an organisation like Oh
Yeah. Therefore Oh Yeah continues to seek alternative options in increasing self-generated income from
commercial areas of the centre such as bar income and room hire. Room hire has gone up again and the
calendar has been healthy this year.
The licence agreement with the Harp Bar ended in July with no issues.
oh Yeah management team have continued to meet with the board to monitor and review all orFgoing
issues - professional support, funding and regular reviews have helped mitigate any risks.

OH YEAH MUSIC CENTRE
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Environmental Awareness.
Oh Yeah is an ethical organisation and will prioritise being a greener more environmentally friendly place of
work and public space. EKplorlng sustainable ways to change the culture of the centre and its users through
policy, ￿c￿Cling, and good practice. Our refurb plans includes sustainable wcrking, reducin9 carbon footprint
and energy saving plans. A full audit and plan will be under way in late 2023.
Achievements and erformance in 2022
Between April 2022- March 2023 -a summary of some of the highlights and notable achievement5:
Oh Yeah completion of the More Volume Project in Marth 23
completed later in the year.
Year three of YouTube partnership leading to £47k in sUPPOrt for Sound of Belfast NI Music Prize
and Talent Development
Raised £5k from the raffle of the John Lennonlyoko Ono 50th anniversary - this led trj launch of
Carol Clerk bursary.
TNI and Tl £35k to support the produttion of contert at NIMP/SO8
PPS for Music name a room after Oh Yeah in London.
Finished full PA install in main venue.
Elevate Youth, Open Mic and Volume Control all dolng very well youth programming and
outreach engagement is strorng.
Sound of Belfast the best year so far. great feedbad¢ and good attendances.
Ottilie Patterson event and bursary.
Nl Music Prize at the Ulster Hall and was recorded by Mike Edgar Production and broadcast live on
BBC Radio U15ter.
Oh Yeah CEO, contribution to ten-year Cultural strategy work.
Updates architect plans, completion of a valuation ￿POrt of the buildin9, preparntion and
application to dormant funds.
report and ewaluation will be

H YEAH MUSIC CENTRE
TBUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 3 T MARCH 2023
Financial Perforrnance:
The bar made it's first donation to the charity accounts. but it won't be until next year we see the benefits of
this donation. YouTube, TNI and BCC support for NIMP was helpful, however given the slow return to
nprmality last year and in the early part of this year the impact of covid and cost of living crisis sees Oh
Yeah go into a deficit, thus having to Use some reseNes, however on-going cash flow is gDOd.
Financial Review
The Oh Yeah Music Centre continues to review and refine its financial processes and accountability as its
business develop5 and diver5ifie5. Oh Yeah staff are more confident with Xero and it has made reporting
easier and much more comprehensive.
The Trustees acknowledge the outcome of the external auditors, report and will continue to review and
improve its processes as appropriate.
The challenge, as for many orgBni5ations like Oh Yeah, at this time is to ensure its financial viability for
prudent actiwtie5 and resource consumption.
Despite the increasing pressure on public fijnding. the cost of living crisis and the uncertainty wound lack of
an Executive the Trustee5 understand that annual fijnding from the Arts Council for Northern Ireland for Oh
Yeah was standstill. an additional £1 Qk was awarded in the early part of 2023 after revision of femaning
ACNI funds. This was helpfijl but Oh Yeah has made it known that core funding needs to be increased to
meet the growing costs and inflatiork
We are a Belfast City Council ANCHOR tlient and this means commitment of £56,000 for the next l year in
annual fvnding. Preparation for another 4 year5 begins in Oct 2023 with a view to applying for £66k per
year. Oh Yeah also received an additional £10k from ACNI to our core funds.
PRS Foundation support extended to another year as Talent Development Partner with an award of £21,000
for the year.
Oh Yeah has applied to Dormant Funds for £100k we will know more after this financial year but il
successfvl it will support plans for 3 fundraising strotegy, diversifylng income and future proofing including
purchase and refurb wor
All relevant policies including child protection, access, health, safety, risk and fire policies are in place and
due for revision later this year.
Wrth these various plans and policie5 in place and an on-going strong, credible and reliable programme and
team of staff, the Trustees are confident that the Oh Yeah Music Centre can continue to perform eff&-tively.
efficienty and financially.
Oh Yeah senior management Continue to review finances at every board meeting. This is a priority along
with budges costs and income Streams.

OH YEAH MUSIC CENTRE
rRUSTEES' REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED)
KOR niE YEAR EJVDED 37 MARCH 2023
0￿r Pricin
Poli
0￿r pricing policy ￿fleCts our strategy of enabling all withrn our community, whatever their means, to take
part in our activities, to attend our gig5 and to view our exhibitions.
Our Music eKhibition 15 free.
The Music Bus Tour is set at a low cost and irKludes a concession rate.
Most of our local music events cost in the region of £7/£10 door entry-
We try to en5urc workshops and conferences are free as long a5 project ￿llding 15 secured.
We are conscious of the creattve and music sector entrepreneurs needing support as start-ups or
Micro businesses and keep office rentsl well bi*low city centre rates.
We also offer coffiplimentsry ticket to community and partners for high profile event5 to improve
acce55 and encourage participation.
We are working on a fetrpaying programme for after school Music projects,- this will come into play
Sept 2023.
While we also need to find ways of being more 5UStainable, we believe that ensuring aC￿sS and
participation can be balanced thrc)ugh our bigger events and larger audiences. Over 18s events can generate
more income through bar sales and the cafe.
We charge for room hire, weddings, meetings, conferences and extemal promoters rate5. We also ger*rate
through our tenants, the rehearsal rooms. consultation and training fees, bespoke programming and trdining
and facilitstion fees.
Plans for future period (Aprl 2023- Marth 2024):
Sound of aelfast and Nl Music Prize at the Ulster Hall - Paul Brady to be presented with Legend
Award and Joe Cassidy Chrysalis award with partners from Chicago.
Women's Work will continue as a series of events instead of a festival
Volume contral.
Scratch My Progress
Music and Older People projett x 2.
Presence at TGE and SXSW
Environmental 5UStainability audit and plan.
Apply to Pea￿ Plus, COF and other opportunities for capital funding for full renovations of rest of
buildirFg.
Continue to advorate and lobby for support for music and musicians - push for long-term Strategy.
Make offer to the Landlord to start purchase negotiatlOllS.
Explore options for rnore cross border working and partnership
Re5erve5 Poficy.
Oh Yeah aims to ensure a reserves poliry of six-month period of business continuity for the operational
scale of the orjr ani5ation. The level we aim for to cover a 6 month period is £150,000. Oh Yeah aspires to do
this through a separate account and aim to deposit any unrestricted commercial income generated on
monthly basi5, aiming for £IOOO per month. Thi5 has not been possible to start in thi5 Current year but
reserves are healthy at the moment.

OH YEAH MUSIC CENTRE
TRUSTEES. REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED)
FOR THE YEAR EIVDED 37 MARCH 2023
Trustee indurtion and training
New Trustees are invited to a board meeting as obseNer before becoming fully incorporated as a mÉmber.
DLJring that time, they meet with the Chair and key stsff to be briefed on.. their legal obligations Lnder
charrty and company law, the Charity Commission guidance on public benefit, and are given a board
indLtction pack which includes the Memorandum and Articles of Association, the business plan, and re￿nt
financial performance of the charity-
Oryanisation
The board of trustees administers the charity. The board meets six/seven time5 per year with sub ￿mmIttee
meetings regarding finances in November and April ahead of audit, annual budget and new financial year. A
chief executive is appointed by the trustees to manage day-to-day operations of the charity. To facilitate
effective operations, the Chief Executive has delegated authority, within terms of delegation approved by the
trustees, for operational matters including finance, employment and artistic industry and creative related
activity.
Pay policy lor senior staff
The directors, who are the Oh Yeah trustees, give their time freely and no director receives remuneration for
their work with the charity, other than out of pocket expenses and travel.
Dependent on funding, the pay of senior staff is reviewed annually and nomially InC￿aSed in accordance
with average eamings. In view of the nature of the charity, the director's benchmark against pay levels in
similar sized arts organisations and by using the NICVA Pay Scale guidance notes for community and
vcluntary settor organisations.
Structure. Governance and Management
The Oh Yeah Music Centre is a company limited by guarantee governed by its Memorandum and Artide5 of
Association dated 31st January 2007 and ￿vIsed/uPdated on 29th September 201S. It is a registered as
charity with the Charity Commission.
The Oh Yeah Music Centre has a Board of Trustees, each of whom brings a range of professional ski115 to
ensure that the mission of the organisation is achieved within a Strong governance framework. The Board
has close and effective links with a range of organisations that provide elements of govemance supwrt
through network opportunities and training activities. The Board generally meets six/seven times per year
and receives activity reports and a financial report within a wider pack of papers including agenda and
minutes.
Its Chief Executive who reports to the Board every six/eight weeks manages the Oh Yeah Music Cent
operationally. The Centre also employs a full-time Operations Director, FT Youth Engagement Manager, PT
Music & Older People Manager, Ff Talent Development Manager, PT Finance AssistsnL and tsvo part-time
venue 5tsff, a Duty Manager and there are 4 bar staff on ￿￿U0] contracts. For public events, the Oh Yeah
Music Centre a150 has access to a pool of trained volunteers, duty managers and casual bar staff.

OH YEAH MUSIC CENTRE
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR EAIDED 31 MARCH 2023
The directors of the charitable company Ithe charityl are its trurtees for the purposè of charity law. The
trustees serving during the year and since the year-end were as follows:
(Board - as Df this financial reporting year- 1 st April 2022 - 31rt March 20231
G Murray
J F Fitch
L J McDowell
A McKenna
KSBell
P Mcclean
C G Southem
P H Evans
Responsibilities of the trustee
The Trustees (who are also the directors of Oh Yeah Music Centre for the purposes of company law) are
responsible for preparing the Trustees Annual Report and the financial statements in accordance with
applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year. Under that law the
trustees have elected to prepare the financial statements in accordance with United fingdom Generally
Accepted Accounting Practice (United Kingdom Accounting Standards and applicable lawl. Under company
law the trustees must not approve the finanaal statements unless they ara satisfied that they give a true ar
fair view of the 5tste of affairs of the charitable company and the income and expenditure of the ckpritable
company for that period.
ststement as to disclosure to our auditors:
In so far as the trustees are aware at the time of approving our trustees annual report
There Is no relevant information, being information needed by the auditor in connection with
P￿Paring their repo¢ Df which the auditor is unaware, and
The trustees, having made enquiries of fellow directors and the auditor that they ought to have
individually taken. have each taken all rteps that helshe is obliged to take as a director in order to
make themselves aware of any relevant audit information and to establish that the auditor 15 aware
of that infomation.
Auditor
In accordance wrth the compan￿5 artides. a resoILrtion proposing that FPM Accountsnts Limited be
reappointed as auditor of the company will be put at a General Meeting.
The Trustee5' report was approved by the Board of Trustees.
Piza>
P H Evans
Trustee
Dated.. Q..(.lJ.iJ.zn3

OH YEAH MUSIC CENTRE
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2023
The Twstees, who are a150 the directors of Oh Yeah Music Centre for the purpose of company law.
are
responsible for preparing the Trustees, Report and the financial ststements in accordallce with applicable law
and United fingdom AccoLJnting Standards (United Iingdom Generally Accepted Accounting Practice}.
Company Law requires the Trustees to prepare financial statements for each financial year which give a true
and fair view of the State of affair5 of the Charty and of the incoming r250urces and application crf resources,
including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the Trustees are required to=
select suitable accounting policie5 and then apply them consistentty-
observe the methods and principles in the ChaTitie5 SORP;
make judgements and estimates that are reasonable and pruden¢ and
prepare the financial statements on the going concern basi5 unless it is inappropriate to presume that the
Charity will continue in operotion.
The Trustees are responsible fDr keeping adequate accounting records that disclose with reasonable accuracy
at any time the financial position of the Charity and enable them to ensure that the financial statunents
compty with the Companies Act 2Q106. They are also responsible for safeguarding the assets of the Charity and
hence for taking reasonable steps for the prevention and detection of fraud and other irregularitie&
*n_