Companv registration number= N1616355 Charity registration number.. 100991 Raise the Roof (NI) {A company limited by gLkarantee) Annual Report and Financial Statements for the Year Ended 31 December 2023 Thomas Oliver and Associates Limited C¢rtifi¢d Public Accounlanl l Moygashel Mills Park Dungannon Co Tyrone BT717DH
Raise the Roof (ND Contents Reference and Administrative Details Trustees, Report 2to4 Independent Examiner's Report 5t06 Statement of Financial Activities Balan¢e Sheet Notes to the Financial Ststements 9t014
Raise the Roof (NI) Reference and Administrative Details Charity Registration Number 100991 Company Registration Number N1616355 The charity 15 incorporated in Northern Ireland. Dundermotte House 30 Station Road Glaryford Ballymena Co Antrim B T44 9RA Registered Office Independent Examiner Thomas Oliver and Associates Limited Certified Public Accountant l Moygashel Mills Park Dungannon Co TOne BT717DH Page I
Raise the Roof (NI) Trustees, Report The trustees. who are directors for the purposes of company law, present the annual port together with the financial statements of the charitable company for the year ended 31 December 202). Objeetives and Activities Objectives, stralegies and activities Since Covid the choir continued with the teenage section only, ranging in age from 12 to 20 years old. Even though this wa5 a smaller group of voices, they demonstrated impressive muscial ability. singing more advanced arrangements. They perfornied at various events both locally and further afield, always to much acclaim Since its formation, the demographic of the mernber5hip of Raise the Roof has naturally evolved from younger children to teenagers. In this next session we anticipate a possible extension into adult membership. Having observed the positive impact of shared commumity through music in our youner members, we recognise that these benefits should be available to adults who may be looking for ways to Combat isolation and improve mental healili. Our ivork and membership naturally promote a sense of purpose. well being and value in our member5 since the fruit of our efforts is life giving transfomation for vulnerable children and their families in Afica. It is our hope that we as a choir community can continue to be a positive influence in the lives of vulnerable children from every sector of society, both here and abroad. We hope to eonlinue to recruit new member for the future through our pr¢s¢nlations at events and by invitation from existing members. Public benefit Raise the Roof (NI) continues to seek to promote, improve and maintan the appreciation of Christian choral music within Ballymena and its environs, by providing children from diverse backgrounds with musical training and the opportunity to take part in performances and otlier events. It promotes international liaison5 With visting choirs, and hopes to advance education and foster a Christian ethos by funding the building and equipping of schools for vunerable children in Africa. During this past year Raise the Roof were able to donate £ 3.000 to E3 Initiative which resulted in the ¢ompletion of our second school in Malawi. This is a considerable achievement which has paid great dividends towards building the confidence and self-e5teem of these young people. both here and in Africa, many of whom have 5uff¢red mentally during the isolation of the pandemic. Following the completion of the school in Malawi, Raise the Roof ¢hoir rehearsals were paused. This has been & time for reflection and much needed rest, in order lo take stock and prepare for the future. We have been greatly encouraged to observe the continued devlopment of both schools in Uganda and Malawi and to share this inspiraton with our Raise the Roof community of young people and their parents. The sense of achievement for all that we have accomplished together still fosters our sense of community and positive shared experience. As trustees we are grateful to God for His leading and wisdom and to all who have continued to suport Raise the Roof during this financial year. The choir continue to seek to provide hope and a future for vulnerable children in Africa ihrough the provision of education. Simultaneously the choir promotes the wonderful benefits of being part of a positive Christian based comminuity who ¢el¢brate a love of musiG and singing, regardless of background or experience. Page 2
Raise the Roof (NI) Trustees, Report The trustees confim] that they have complied with the requirements of section 416) of the Charities Act (Northern Ireland) 2008 to have due regard to the Charity Commission for Northern Ireland's guidance on public berjefit and the public benefit requirement has inforn)ed the activities of the charitable company. Trustees and officers The tsleeS and officers serving during the year and since the year end were follows: Trustees.. Mrs Roberta Stewart Mrs Alyson Sarah Reid Mr Hugh Henry Reid Structure, governance and management Statement of trustee5' responsibilities The trustees (who are also the directors of Raise the Roof INI) for the purposes of company law) are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdorn Ac¢ounting Standards (United Kingdom Generally Accepted Accounting Practice}. including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trustees to prepare financial statements for each financial ye2r. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income 2nd expenditure, of the ¢haritable company for that period. In preparing these fsnanci&l statements, the trustees are required to.. select suitable accounting policies and apply them consistenily. 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 disclosed and explained in the financial 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 trustees are responsible for keeping proper a¢¢ounting records that can disclose with reasonable accuracy al any time the financial posilion of the charitable company and enable theTn to ensure that the financial statements comply with the Companies Act 2006and Charitie5 Act (Northern Ireland) 2008. They are also responsible for safeguarding the assets of the charitable company and hence for laking reasoT]able steps for the prevention and detection of fraud and other irregularities. Page 3
Raise the Roof (NI) Trustees, Report The trustees are responsible for the maint¢nan¢e and integrity of the Corporate and financial informalion inelLided on the charitable company's website. Legislatioii governing the preparation and disseminalion of financial stat¢in¢nts may differ from legislation in other jurisdictions. The annual report was approved by the trustees of the charity on 17 September 2024 and signed on its behalf by.. ugh Henry Reid Trustee Page 4
Raise the Roof (NI) Independent Examiner's Report to the trustees of Raise the Roof (NI) ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023. Respective responsibilities of trustees and examiner As the charity's trustees of Raise the Roof (Nl) (and also its directors for the purposes of company law) yoii are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act {Northem Ireland) 2008. Having satisfied myself that the accounts of Raise the Roof (Nl) are not required to be audited under section 65 of Charities Ad (Northern) Ireland 2008 and ihat an independent examination is needed. It is my responsibility to:. examine the accounts under se¢tion 65 of the Chariti¢s Aet to follow the procedures laid down in the general Directions given by Ihe Charity Commission for Northern Ireland under section 65 (9)(b) of the Charities Act to state whether particular matters have come to my attention Basis of Independent Examiners, Report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65{9)(b) of the Charities Act. An examination included a revieiv of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, aftd seeking expalnations from the trustees conceming any such matters.. I confirni ihal no matters have come to my attention in connection with the examination giving me cause to believe: l. That accounting records were not kept in respect of Raise the Roof (Nt} as required by section 63 of the Charities Act,. or 2. That th¢ accounts do not accord with those records- or 3. That the accounts do not comply with the accounting requirements of the Charities Act. 4. That th¢re 15 further infornation needed for a proper understanding of t]ie accounts tobe reached. Page 5
Raise the Roof (NI} Independent Examiner's Report to the trustees of Raise the Roof (NI) ('the Company,) Independent Examiner's Statement I have completed my examination and have no concerns in respect of the matter (l) to {4) listed above and in onnections with the following directions of the Chartty Commission for Northern Ireland, I have found no marters that require drawing to your attention Tho ssociates Limited Certified Public Accountant l Moygashel Mills Park Dungannon Co Tyrone BT717DH 17 September 2024 Page 6
Raise the Roof (NI) Statement of Financial Activities for the Year Ended 31 December 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Total 2023 Note Income 2nd Endowments from: Donations and legacies 1.086 1.086 Total income 1,086 1.086 Expenditure on: Raising funds 15.4001 (5,400) Total expenditure (5.400) {5,400) Net expenditure (4,314) {4,314) Net movement in funds (4,314) (4,314) Reconciliation of funds Total funds brought forward 6.482 6,482 Total funds carried forward 2.168 2.168 Total 2022 Unrestricted fund5 Note Dcome and Endowments from: Donations and legacies Other trading activities 8.764 8,764 Total income 13.157 13,157 Exp¢nditure on.. Raistng fi]nds Total expenditure (14,837) (14,837) (14,837) (14,837) Net expenditure (1,680) {1,680) N¢t movement in funds (1,680) {1,680) Reconeiliation of funds Total funds brought forward 8,162 8.162 Total funds carried foNard 6,482 6.482 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note I l. The notes on pages 9 to 14 fom an int¢gral part of these financial statements. Page 7
Raise the Roof (NI) (Registration number: N1616355) Balance Sbeet as at 31 December 2023 2023 2022 Note Fixed assets Tangible assets 324 1.625 Current asset5 Cash al bank and in hand 10 1,844 4,857 Net assets 2,168 6.482 Funds of the eharity: Unrestricted income funds Unreslrirted fund5 2,168 6,482 Total funds 2,168 6,482 For the financial year ¢nding 31 D¢¢ember 2023 the charity was entitled to exemption from audit under 5eetion 477 of the Companies Act 2006 relaling to small companies. Directors, responsibilities.. The member5 have not required the charity to obtain an audit of its a¢¢ounts for the year in question in accordance with s¢¢tion 476. and The directors acknowledge their responsibilities for ¢omplying with the requirements of the Act with respect to counting records and the preparation of accounts. The financial statements on pages 7 to 14 were approved by the trustees, and authorised for issue on 17 September 2024 and signed on their behalf by= gh Henry Reid Trustee Th¢ nol¢s on pages 9 to 14 form an integral part of these financial siatements. Page 8
Raise the Roof (NI) Notes to the Financial Statements for the Year Ended 31 December 2023 I Charity status The charity is limited by guantee, incorporated in Northern Ireland, and consequently does not have share ¢apital. Each of the trustees is liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event of liquidalion. The address of its registered office 15: Dundermotte House 30 Station Road Glarryford Ballymena Co Antrim BT44 91L4 These financial statements were authorised for issue by the trustees on 17 September 2024. 2 Accounting policies Summary of significant aeeounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financial statement5 ar¢ set out below. These policies have been consistently applied to all the years presented. unless othenvise slated. Statemellt of compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice (applicable to charitie5 prepariiig their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in O¢tober 2019) - (Charities SORP {FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. B9S15 of preparation Raise the Roof {Nl} meets the definition of & public benefit entity under FRS 102. Assets and liabtliti¢s are initially recognised at historical ¢05t or transaction value unless otherwise stated in the relevant accounting policy notes. Going concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect t]ie carrying value of assets held by the ¢harity. Income and endowments All income is recognised once the charity lias eTJtitlemenl to the income, it is probable that the income will be received and the amount of the income receTvable can be measured reliably. Page 9
Raise the Roof (NI) Notes to the Financial Statements for the Year Ended 31 December 2023 Donalions and legacies Donations are recognised when the charity has been notified in witing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the ¢harity before the charity is entitled to Ihe funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it 15 probable thai these conditions will be fulfilled in the reporting period. Exp¢Dditure All expenditure is re¢ognised once tliere is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the appli¢able expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particiilar headings they have been allocated on a basis consistent with the use of resources. with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's us¢. Other support costs are allocated based on the spread of staff costs. RoisingfundF These are costs incurred in attracting voluntary income, the management of investments and those Incued in trading activities that raise funds. Support costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for exaTnple. allocating property costs by floor areas, or per ¢apil4. stsff costs by the time spent and other costs by their usage. Taxation The charity is considered to pass the test5 set out in Paragraph I Schedule 6 of the Finance Act 201 O and therefore it meets the definition of a charitable company for UK corporation tax purpose5. Accordingly. the charity is potentially exempi from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part I I of the Corporation Tax Act 2010 or Section 256 of the Taxalion of Chargeable Gains Act 1992. to the extent that such income or gains are applied exclusively to charitable purposes. Tangible fixed #sset$ Individual fixed assets cosling £150.00 or more are initially recorded at C05t, less any subsequent accumulated depreciation and subsequent ac¢umLtlated impairnient losses. Depreciation gnd amortisation Depreciation is provided on tangible fed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other 51)ort-terni highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Page 10
Raise the Roof (NI) Notes to the Financial Statements for the Year Ended 31 December 2023 Fund strueture Unrestricted income ndS are general funds that are available for use at the trustees discretion in furtherance of the objectives of tlie charity- Financial instruments Classification Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instrument5 arc classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in ihe assets of the charity after deducting all of its liabilities. Recognition and measurement All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value througli profit or loss, which are initially measured at fair value (which is nomially the transaction price excluding transaction costs). unless th¢ atTangernent constitutes a financing transa¢tion. If an arrangement constitutes a financing transaction, the financial ass¢1 or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt in5trutnent. Financial assets and liabilities are only offset in the statement of financial position when. and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. Financial assets are derecognised when and only when a) the contractual right5 to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party 511bstantially all of the risks and rewards of ownership of the finan¢ial asset, or ¢) the charity, despite having retained some, but not all, significant risks and reward5 of ownership, has transferred control of the asset to another paty. Financial liabilities are derecognised only when the obligation specified in the contract is discharged. cancelled or expires. 3 Income from donations and legacies Unrestricted funds General Tot81 funds Donations and legacies; Donations from individua15 1.086 1.086 Total for 2023 1.086 1,086 Total for 2022 8.764 8.764 Pag¢ll
Raise the Roof (ND Notes to the Financial Statements for the Year Ended 31 December 2023 4 ID¢ome from other trading activities Unrestrieted funds GenerAI Total fund5 Total for 2023 Total for 2022 S Expenditure on raising funds a) Costs of generating donatlODS and legaeies Unrestricted funds General Total funds Note Depreciation, amortisation and other similar costs Allocated support costs 4,099 4,099 Total for 2023 5.400 5,400 Total for 2022 14.837 6 Iyet incomingloutgoing resources Net outgoing resources for the year include: 2023 2022 Depreciation of fixed assets I,iOI 3,303 7 Trustee5 remunerAtion and expenses No trustees, nor any person5 connected with them. have re¢eived any remuneration from the charity during the year. No trnstees have received any reimbursed expenses or any other benefits from the charity during the year. Page 12
Raise the Roof (ND Notes to the Financial Statements for the Year Ended 31 December 2023 8 Taxation The charity is a registered charity and is therefore exempt from taxation. 9 Tangible fixed assets Furniture #nd equipment Motor vehicles Total Cost At l January 202) Additions 8.816 i 0,000 18,816 (i) At 31 December 202J 8,815 i 0,000 18,81) Depreciation At l January 2023 Charg¢ for the year At 31 December 2023 7,190 1,301 10,000 17.190 8,491 i 0,000 18,491 Net book value At 31 December 2023 324 324 At 31 December 2022 1.626 1,626 10 Cash and ¢ash equivalents 2023 2022 Cash at bank 1.844 4.857 11 Fund5 Balan¢t At 31 December 2023 Balance at I January 2023 Incoming resource5 Resource5 expended Unrestricted funds General 6,482 1.086 (5,400) 2,168 Page 13
Raise the Roof (NI) Notes to the Financial Statements for the Year Ended 31 December 2023 Balance at 31 December BalAnce at I January 2022 Incoming resources Resources expended 2022 Unrestricted funds General 8,162 13,157 (14,837) 6.482 12 Analysis of net assets between funds Unrestricted funds General Total funds at 31 December 2023 Tangible fixed assets Current assets 324 1,844 324 1,844 Total net assets 2,168 2,168 Unrestricted funds General Total fund5 at 31 December 2022 Tangible fixed asset5 Current assets 1.625 4,857 1.625 4.857 Total net assets 6,482 6,482 13 Analysis of net funds At31 December 2023 At l January 2023 FiD#ncing ¢ash llows Cash at bank and in hand 4,857 (3.013) {3,013) 1,844 Net debt 4,857 1,844 At31 Deeember At l January 2022 Financing cash llows 2022 Cash at bank and in hand 4.857 Net debi 4.857 Page l4