Company registration number: N1616355 Charity registration number". 100991 Raise the Roof (NI) {A ¢ompany limited by guarantee) AJal Report and Financial Statements for the Year Ended 31 December 2022 Thomas Oliver and Associates Limited Certified Public Accountant l Moygashel Mills Park Dungannon Co Tyrone BT717DH
Raise the Roof (NI) Contents Reference and Athninistrative Details Trustees, Report 2to3 Independent Examin&s Rep)rt 4t05 Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8t013
Raise the Roof (NI) Reference and Administrative Details Charity Registration Number 100991 Company Registration Number N1616355 The cPrity is incorporated in Northern Ireland. Dundern]otte House 30 Station Road Glarryford Ballymena Co kntrim B T44 9RA ReEi$t¢red Office Independent Examiner Thomas Oliver and Associate5 Limited Certified Public Accountant l Moygashel Mills Park Dungannon Co Tymne BT717DH Page I
Raise the Roof (NI) Trustees, Report The trustees. who are directors for the purposes of company law, present the annua] report together with the financial statements of the Gharilable company for the Y ended 31 December 2022. Objectives and activities Objectives. Jtralegies and actlvtii Since Covid the choir membership continued with the teenage section only, ranging in age from 12 to 20 years. Even though this is a smaller group of voices, they have demonstrated impressive musical ability, singing more advanced arrangements. They have perforned at various events locally and fiffther afield. aIways to much acclaim. In 2022 the choir were able to rdise £ 8.500 towdrds their ongoing project to build a school in mala. This is a considerable achievement which has paid great dividends towards building the confidence and self esteem of th¢se young people, many of Mthom have suffered mentslly duTing the isolation of the pandemic. It is our hope that we &8 a choir community can continue to be a positive infiuence in the lives of vulnerable children from ¢v¢ry sector of society. both here and abroad. We hope to continue to Tecruit new members through our presentstions at concerts and by invilation from existing members. Public benef Raise the Roof (Nt) continues to seek to prornote, improve and tnaintan the appreciation of Childr'S Clll75tian chora] music within Ballymena and its environs. by providing children from diverse backgrounds with musical training and the opportunity to take part in perforniances and other events. It prornotes intemational liaisolls with vistTng choirs, and hopes to advanc¢ education and foster a Christian ethos by fimding the building and equipping of schooLs for vunerdble children in Africa. Raise the Roof continued to meet each week for rehearsaIs and this has proved a very positive exp¢rienc¢ for our teenagers, building community and growing in a sense of shared achievement as they seek to help vulnerable children in Afric& As trustees we are gratefvl to God for His continued faithfulness which has aIlowed us to wntinue to develop the membership of the thoir to raise fund5 to help build a school in Malawi. The choir continue to seek to provide hope and a future for vulnerable children in Africa through the provision of education. Simultaneously the choir Prolltes the wonderful ben¢fits of being pth of a positiv¢ CFwi5tiaTh b&sed comminuity who celebrate a love of music and singRng. regardless of backwund QT experience. The trustees confirni that they have complied with the requirements of section 4 (6) of the Charities Act (Northern Ireland) 2008 to have due regard to the Charity Commission for Northern Ireland's guidance on public benefit and the public benefit requirementlsas infonned the activities of the oharitable company. Trnstees officer5 The trustees and ofTicer5 serving during th¢ year and since the year end We as follows: Trustees: Mrs Roberta Stewart (appointed 9 Febnwy 2022) MTS Alyson Sarah Reid Mr Hugh Henry Reid Page 2
Raise the Roof (ND Trustees, Report Strncturej governan¢e and DJ*llagemeDt Statement of tru$tee5' respoD5ibilities The ISteeS are also the directors of Raise the Roof CNI) for the purposes of cOrnpy law) are responsible for preparing the trnstees, report and the finaTh¢ial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Genera]ly Accepted Accountlng Practice). includin8 FRS 102 "The Financial RerK)rtiDg Stsndard applicable in the UK and Republic of Ireland.. Company law requires the trustees to prepare fmancial statements for ea¢h financial year. Under company law the trustees must not approve the fu]ancial statement5 unles5 they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incorning resources ond application of r¢50urces, including its inci)me and expenditure. of the charitsble company for that period. In Preparing these financial statements, the tru5tee5 are required to.. selert suitsble accounting policies and apply them consistentEy' observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent. state whether applicable accounting standards. Comprising FRS 102 have been followed. subject to any material departures disc105ed and explained ill the fmancial statements. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustee5 are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the fmancial position of the charitable company and enable them to ensure that the finanrial statements mply with the Companies A¢t 2006and Charities Act (Northern Ireland) 2008. They are also responsible for safeguarding the assets of the ch3ritsbl¢ company and bence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. The tN5tees are res]x)nsible for the maintenance and integrity of the c4)rpordte and financia] inforniation included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements tuay differ from legislation in other jurisdictions. The annual report was approved by the trustees of the charity on 21 September 2023 and s]ed on its behalf by: Henry Reid Trustee Page 3
Raise the Roof (NI) Independent Examiner's Report to the trustees of Raise the Roof (M) ('the Compally,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022. Respective responsibilitses of trustees and examiner As the charity's trustees of Raise the Roof (Nl) (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act (Northern Ireland) 2008. Having satisfied myself that the accounts of Raise the Roof (Nl) are not required to be audited undff section 65 of Charities Act (NortheTn) Ireland 2008 and that an independent wMition is needed. It is my reswjnsibility - examine the accounts under section 65 of the Charities Act - to follow the procedures laid down in the general Directions given by the Cl)arity Commission for Northern Ireland under section 65 (9)(b) of the Clwities Act - to state whether particular matters have come to my attention Basis ofIndependent Exxminers, Report I have examined your charity acwunts as required under section 65 of the Charities Act and my examination was carried out in accordance with the geneTai Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. exajnination included a review of the accounting records kept by the charity and a compari50n of the a¢count5 presented with those record5. It also included consideration of any unusuat items or disclosures in the accounts. and seeking expalnations from the trustees concerning any such matters.. I confurn that no matters have me to my attention iti connection with the examination giving me cause to believe: l. That accounttn8 r¢cords were not kept in respect of Raise the Roof (NI) as required by section 63 of the Charities knL' or 2. That the accounts do not awrd with those records. or 3. That the accounts do not )mplY wtth the accounting requirements of th¢ Charities Act. 4. Tbat ther¢ is fither inforniation needed for a proper understanding of the accounts tobe reathed. Pag¢ 4
Raise the Roof (ND Independent Examiner's Report to the trustees of Raise the Roof ('the Company,) IndependeDt Examiner's Statement I have completed my examination and have no concerns in respect of the matter (l) to (4) listed above and in conne¢tion5 wÉth the following directions of the Charity Commission for Northern Irelan I have found no mattets that require drawing to your attention ver and Associates Limited Certified Publie Accountant l Moygash¢l Mi115 Park Dungannon Co Tyrone BT717DH 21 September 2023 Page 5
Raise the Roof (M) Ststement of Financial Activities for the Year Ended 31 December 2022 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestrictsd Totsl 2022 Note Income and Endowments from: Donations and legacies Other trading activities Total income 8,764 4.393 8,764 4,393 13,157 13.157 Expenditure on: Raising funds (14.837) (14,837) Total expenditure 14,83 (14,837 Net expenditure 1,680 (1.680) Net rnovement in funds (l.680) (1,680) Recon¢iliatioD of funds Total funds brought forward 8.162 8.162 Total funds caTTied forward li 6,482 UDrestricted 6,482 Total 2021 Note Income and Endowments from: Donations and legacies 3232 3,232 Total income 3,232 Expenditure on: Raising fidS 7,912) (7,912) Total expenditure (7,912) (7,912) Net expenditure 4,680 (4.680) Net movement in funds (4.680) (4,680) Reconcilixtion offvnds Total funds brought forward 12.842 12,842 Total fimds carried forward li 8,162 8,162 All of the charity'5 activities derive from continuing operations during the above two period5. The fidS breakdown for 2021 is shown in note I l. The notes on pages 8 to 13 forn an integral part of these fllwicial statements. Page 6
Raise the Roof (M) (Registration number: N1616355) Balance Sheet as at 31 December 2022 2022 2021 Note Fiied assets Tangible assets 1,625 4,618 Current assets Cash at bank in Iwid io 4,857 3,544 Net assets 6,482 8.162 Funds oftbe charity: Unrestri¢ted imcome funds UnTestricted fi]nds 6,482 8,162 Total fund$ 6,482 8,162 For the financial y¢aT ending 31 December 2022 the Gharity was entitled to exernption from audit under section 477 of the Companie5 Art 2006 relating to small companies. Directors, responsibilities: The members have not r4uired the charity to obtain an audit of its accounts for the year in question in accordance with section 476. and The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to ac¢ovnting records and the preparation of accounts. The fjnancial statements on pages 6 to 13 were approved by the trustee5, and authorised for Issue on 21 September 2023 and signed on their behalf by: gh Henry Reid Trustee The notes on pages 8 to 13 fonn an integral part of these financia] statements. Page 7
Raise the Roof (ND Notes to the Financial Stateffjeuts for the Year Ended 31 December 2022 I Cbarity statu5 The charity is limited by guarantee, incorporated in Northern Irelan and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £Nil towards the assets of the Charity in the event of liquidation. The address of its registered office is.. Dunderniotte House 30 Station Road Glarryford Ballymena Co Antrim BT44 9RA These fmancial statements were authorised for issue by the trustees on 21 September 2023. 2 Accounting policies Summ4ry ofsignifjcant actounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have b¢en consistently applied to all the years presented. unless otherwise stated. Ststement of comp]iAnee The financial statements have been prepared in acwrdance with Acc4)unting aDd Reporting by Charities: Statement of Recommended Practtce (applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charitieg SORP (FRS 102)). the Finan¢iai Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basi5 of preparation Raise the Roof (Nl) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical c05t or transaction valu¢ unless otherwise statsd in the relevant accounting licy notes. Going concern The trustee5 Gonsider that there are no material uncertainti¢s about the charity's ability to continue as a going oncern nor any significant areas of uncertainty that affect tbe carrying value of assets held by the chatity. Income and endovnnents All income is rewlsed once the charity Iw entitlement to the incom4 it is probable that the income will be received and tbe arnount of the income receivable can be me&%ured reliably. Page 8
Raise the Roof Notes to the Financial Statements for tbe Year Ended 31 December 2022 Donalions ond legades Donations are recognised when the charity has been notified in WTiting of both the amount and settlement date. In the event that a donation is subject to conditions that r4uire a level of perfotmance by the charity before th¢ ch3rity is entitIed to the fimds, the income is defeTr¢d and not recognised until either those condttions are fjjlly mel or the lfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fiLlfilled in the reporting period. Expendithre All expenditure is rewlSed once there is a legal or constructive obligation to that expenditttre, it is probable settlement is quired and the amount can be measured reliably. All costs are aIlocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of reSou¢s. with central staff costs allocated on the basis of time spm¢ and depreciation charges allocated on the portion of the asset's use. Other support costs are allwated based on the spread of staff costs. Ratsingfyn•ts These are costs in¢u¢d in attracting voluntary income. the management of investments and those incurred in trading artivities that raise fids. Support costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent ith the use of resourGe5, for example. allocating propety costs by floor areas. or per capit4 Staff costs by the time Spent and other costs by their usage. Taxatio The charity is considered tri p&8s the tests Set out in PaTagraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK CO0[ation tsx purposes. Accordingly, the charity is potentially exempt frorn laxation in respect of income or capital gains Teceived within categoTies covered by Chapter 3 Part I l of the Corporation T&Y Ath 2010 or Section 256 of the TatiOn of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. TangSble fixed a55ets Indtvidual f]xed Sets costing £0.00 or more arc initially recorded at rosl less any sub5¢qu¢nt accumulated depreciation and subsequent accumulated impairrnent losses. Depreci8tlon and amortisatlon Depreciation 15 provided on tangible fixed assets so 8S to N4Tite off the cost or valuation, less any estimat residual value. over their expected usefill economic life as follows: Cash YdDd cash equivalents C&sh and ¢a5h equivaIents wmpri5e cash on hand and call dep051ts, and other short-tenn highly liquid investments that are readily convertible to a known amount of cash and Subject to an insignifi¢8nt risk of change in value. Fund structure Unrestricted incorne funds are general funds that are available for use at the trtr¢s discretion in fllrth¢ran of the objedives of the charity. Page 9
Raise the Roof (I¥D Notes to the Financial Statements for the Year Ended 31 December 2022 Financial instruments Classificalion Financial assets and financial liabilities are recognised when the charity becomes a party kn the contractual provisions of the instsiunent. FinanciaI liabilities and equity instruments are classified according to the substance of the contraclual arrangements entered into. An equity instrLllnent is any wntract that evidences a residual interest in the assets of the charity after deducting all of its liabiltties. Recognition and measurement All fmancial assets and liabilities are initially measured at transaction priG¢ (including transaction c03ts), except for those financial &gsets classified as at fair value througb profit or loss, which are initially measured at fair value {which is nonnally the transaction price excluding transaction costs). un]es5 the arrangement constitut&s financing transaction. If an arrangement constitutes a fancIng tran8aCtiO the financial asset or financial liability is measured at the present vatue of the future payments discounted at a market rate of interest for a similar debt instnunent. Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable rigllt to set off the recognised amounts and the charity intends either to settle on a net b&8is, or to realise the asset and settle the liability simultaneously. FiDanci81 as5¢ts are derecognised when and only when a) the contractual rights to the cash flow5 from the financi81 asset expir¢ or are settled b) the charity transfers to another paty substantially all of th¢ risks and rewards of OnerShip of the financial &sseL or c) the charity, despite having retained some, but not 1. sitfICant risks and rewdrds of owiership, b&8 transfeed wntrol of the Set to another party. Financial liabilities are derecognised only when th¢ obligation specified in the contract is dischargel cCelled or expires. 3 Income from doDAtions and legacies Unrestrieted nds G¢Der41 Totsl fullds Donations and legacies. Donations from individuals 8,764 8.764 Totsl for 2022 8.764 8,764 Total for 2021 3,232 3.232 Page 10
Raise the Roof (ND Notes to the Financial Statements for the Year Ended 31 December 2022 4 Income from other tradlnE artivitie5 Uttrestricted funds Gener41 Total funds Events income. Other events income 4,393 4,393 Total for 2022 4,393 4,393 S Eipenditure on raising fuDds a) Costs of generating donations and leEaeies Unr¢strithd fimd5 General Totsl nds Note Depreciatio amortisation and other simtlar wsts Allocatrd support costs 3,303 11.534 3,303 11,534 Total for 2022 14,837 14,837 Total for 2021 7,912 7,912 Total costs 6 Net iDcomingloutgolng re50urce5 Net outgoing r¢sources for the year include: 2022 2021 Depreciation of fixed &ssets 3,303 3,701 7 Trustees remuneration #nd expenses No trustees, nor any persons connected with them, have received any reMunatiOn from the charity during the No truste¢s have received any reimbursed expenses or any other benefits from the chlty during the year. Page 11
Raise the Roof (Nt) Notes to the Financial Statements for the Year Ended 31 December 2022 8 Taxation The charity is a registered charity and is therefore ¢xempt from taxation. 9 Tangible fixed assets Furnitsre and equipment Motor vehicles Total Cost At l January 2022 Additions 8.505 310 10.000 18,505 310 At 31 December 2022 8,815 10.000 18,815 Depreciation At l January 2022 Chatge for the year 5,427 1.763 8.460 1,540 13,887 3,303 At 31 December 2022 7,190 10,000 17,190 Net book value At 31 December 2022 1,625 1,625 At 31 December 2021 3,078 1,540 4,618 10 C95h and cash equivalents 2022 2021 Cash at bank 4,857 3,544 11 Funds Balance at 31 Deeember 2022 Balance at I January 2022 Incoming resources Rejources expended Unrestricted fund5 8,162 13.157 14,837 6,482 Balance at 31 December Balance at I January 2021 IDcoming resourc¢5 Resource5 expended 2021 Unrestricted fund5 12,842 3,232 (7,912) 8,162 Page 12
Raise the Roof (ThT) Notes to the Financial Statements for the Year Ended 31 December 2022 12 kn4lysis of net assets between fun Unrestricted fullds General Total fuDds at 31 December 2022 Tangible fixed wets Current assets 1.625 4.857 1,625 4.857 Total net assets 6,482 6,482 Unrestricted funds General Total funds at 31 Detember 2021 Tangible fixed assets Cuent assets 4.618 3,544 4,618 3,544 Total net assets 8,162 8,162 13 Analysis of net fund5 At31 December At l January Finatt¢ing cash 2022 flow5 2022 Cash at bank and in hand 3,544 1,313 4.857 Net debt 3.544 1.313 4,857 At31 Detember 2021 At l January Financing cash 2021 flows Cash at bank and Èn hand 4,522 (978 3,544 Net debt 4.522 (978) 3.544 Pag¢ 13