Company registration number: N1616355 Charity registration number-. 100991 Raise the Roof (NI) IA company limited by guarmtee) Annual Report and Financial Statements for the Year Ended 31 December 2024 Thomas Oliver and Associates Limited Certified Publie A¢countant l Moygashel Mills Park Dun<Tannon Co Tyron¢ BT717DH
Raise the Roof (NI) Contents Reference and Administrative Details Trustees, Report Independent Examinerfs Report 4t05 Statement of Financial Activities Balance Sheet Notes to the FinanciaI Statements 8t0 14
Raise the Roof (NI) Reference and Administrative Details Charity Registrgtion Number 100991 Company Registration Number Nt616355 The charity is incorporated in Northern Ireland. Dundennotte House )0 Station Road Glarryford Ballymena Co Antrim B T44 9RA Registered Offjce Independent Examiner Thomas Oliver and Associates Limited Certified Public Aeeounlant l Moygashel Mills Park Dungannon Co Tyrone BT717DH Page I
Raise the Roof (ND Trustees, Report The Iruslees, who are directors for the purposes of Company law, present the annual report together with the financial statements of the charitable company for the year ended J l December 2024. Objectives and activitie5 Objectives, stralegies and oetivities The choir has a teenage section with ages ranging from 12 to 20 years old. Even though this was a smaller group of voices, they demonstrated impressive muscial ability, singittg more advanced aJTangements. Since its forniation, the demograpliic of the membership of Raise the Roof has naturally evolved from yountser children to teenagers. In this next session ive anticipate a possible extension into adult membership. Having observed the positive impact of shared commumity through music in our younger Tnembers, we recognise that these benefits should be available to adults who may be looking for ways to combat isolation and improve mental health. Our work and membersliip naturally promote a sense of purpose, well being and value in our member5 since the fruit of our efforts is life giving transfomjarion for vulnerable children and their families in Afica. It is our hope that we as a choir community ¢an continue to be 2 Positive influence in the liv¢s of vulnerable children from every sector of soeiety, both here and abroad. We hope to continue to reeruit new member for the fubjre through our presentations at events and by invitation from existing members. Public benefit Raise the Roof INI) Gonlinues to seek lo promote, improve and maintan the appreciation of Christian choral music within Ballymena arjd its environs, by providing children from diverse backgrounds with musical training and the opportunity to lake part in perfomiances and other events. It promotes iiiternational liaisoiis 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. Unfortunately due to personal circumstances the choir was ursable to perfom thi5 year. As tnistees we are grateful to God for His leading and wisdom and to all who have conlinued to suport Raise the Roof during this financial year. The ¢lioir continue to seek lo provide hope and a future for vulnerable children in Africa through the PFovision of education. Simultaneou51y the choir promotes the ivonderful benefits of being part of a positive Christian based comminuity who celebrat¢ a love of music and singing, regardless of background or experience. The trustees confirnj Éhal they have complied iyiih the requiremenls of section 4 (6) of the Charitie5 Act (Northern Ireland) 2008 to have due regard to the Charity Commission for Northern Ireland's giiidan¢e on public benefit and the public benefit requirement has infornied the activities of the charitable company. Trustees and officers The tNstees and officers serving during the year and since the year end were as follows.. Trustees.. Mrs Roberta Stewart Mrs Alyson Sarah Reid Mr Hugh Henry Reid Page 2
Raise the Roof (NI} Trustees, Report Siructureg governance and managernent Statement of trustees, responsibilities The trustees (who are also the directors of Raise the Roof {Nl) for the purposes of company law) a responsible for preparing the trustees, report and the financial statements in accordance with appli¢able law and United Kingdom Accounting 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 year. 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 in¢oming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements. the trustees are required to.. 5¢1ect suitable accounting policies and apply them consistently. observe the methods and principles in the Charities SORP- make judgements and estimat¢5 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 siatement5 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 accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006and Cliariti¢s Act (Nortliem Ireland) 2008. They are also responsible for safeguarding the assets of the charitable company 2nd h¢n¢e for taking reasonable steps for th¢ prevention and detection of fraud and other IegUlarl11es. The trustees are responsible for the maintenance and integrity of the corporate and financial inforn)ation included on the charitable ¢ompany's ivebsite. Legislation governing the preparation at)d dissemination of financial statements may differ from legislation in other jurisdictions. The annual report was approved by th¢ trustees of the charity on ?8 Augusi 2025 and signed on its behalf by- MrH Trustee Henry Reid Page 3
Raise the Roof (ND Independent Examiner's Report to the trustees of Raise the Roof (Nl) ('the Company,) I report to ihe charity trustees on my examination of the accounts of the Company for the year ended J l December 2024. Respective responsibilities of trustees and examiner As the charity's trustees of Raise the Roof (Nl) {and also its directors for the purpose5 of company law) yoii 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 (NI) are not required to be audited under section 65 of Charities Act (Northern) Ireland 2008 and thal an independent exatnination is needed. It is my responsibility to'.- examine the accounts under section 65 of the ChitIeS A¢t to follow the procedures laid doivn in the general Directions given by the Charity Commission for Northern Ireland under section 65 {9llb} of the Charities Act to state whether particular matters have come to my attentio Basis of Independent Examiners, Report I have examined your charity accounts as required under section 65 of the Charities Act and my examinalion was carried out in accordance with the generdl Directions given by the Charity Commission for Northern Ireland under seciion 65(9){b) of the Charities Act. An examination included a review of the accouiiting records kept by the charity and a comparison of the aeeounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking expalnations from the trustees concerning any such matters.. I confimi ihat no matters have come to my attention in connection with the examination giving me cause to believe.. That accounting records were not kept in respect of Raise the Roof {Nl) as required by section 63 of the Charities Act. or 2. That the accounts do not accord with those records,. or 3. That the account5 do not comply with the accounting requirements of the Charities Act. 4. That there is further information needed for a proper understanding of the accounts lobe reached. Page 4
Raise the Roof (Nl) Independent Examiner's Report to the trustees of Raise the Roof (ND ('the Company,) Independent Examiner's Statement I have completed my examination and have no concerns in respe¢t of the matter I l ) to (4) listed above and in connections with the following directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention Thomas Oliver and Associates Limited Certified Public Accountant l Moygashel Mills Park Dungannon Co Tyrone BT717DH 28 August 2025 Page 5
Raise the Roof (NI) Statement of Financial Activities for the Year Ended 31 December 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Total 2024 Note Income and Endowments from: Expenditure on: Raising funds (525) (5?5) Total expenditure (525) {5251 Net expenditure 1525) {525) Net movement in funds 1525) (525) Reconcili2tion of funds Total funds brought forward Total funds carried forward 2,168 2.168 Unrestrieted funds Total 2023 Note Income and Endowments from: Donation5 and legacies Total income 1,086 1,086 1,086 1,086 Expenditure on: Raising funds (5,4001 (5,400) Total expenditure (5,400) 15,400) Net expenditure {4,314) {4,314) Net movement in funds (4,314) (4.J14) Reconciliation of funds Total funds brought forward Total funds carried forward 6,482 6,482 2,168 2,168 All of the charity's activities derive from continuing operations during ihe above two periods. The funds breakdown for 2023 is shown in note I l. The notes on pages 8 to 14 fomi an integral part of these financial statements. Page 6
Raise the Roof (ND (Registration number: N1616355) Balance Sheet as at 31 December 2024 2024 2023 Note Fixed Assets Tangible assets 325 324 Current assets Cash at bank and in hand 1,799 1.844 Creditors: Amounts falling due within one year Net eurrent assets 10 (481} 1,844 Net 055ets 1.643 2,168 Funds of the charity: Unrestricted income funds Unrestricted funds 1.643 2.168 Total funds 1,643 2,168 For the financial year ending 31 December 2024 the ¢harity was entilled to exemption from audit under se¢tion 477 of the Companies A¢t 2006 relating to small companies. Dir¢rtors' responsibilities.. The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476- and The directors aCknowlede their responsibilitie5 for complying with the requirements of the Act with re5pccI to accounting record5 and the preparation of accounts. The financial statements on pages 6 to 14 were approved by the trustees, and authorised for issue on 28 August 20?5 and signed on their behalf by.. rHu Trustee Henry Reid The notes on pages 8 to 14 fom] an integral parl of these financial stalements. Page 7
Raise the Roof (Nl) Notes to the Financial Statements for the Year Ended 31 December 2024 I Charity status The ¢harity is limited by guarantee, incorporated in Northern Ireland. and consequently does not have share capital. Each of the trustees 15 liable to eontribute an amount not exceeding £Nil towards Ihe assets of the charity in the event of liqiiidation. The address of its registered otTice is- Dunderniotte House 30 Station Road Glarryford Ballymena Co Antrim B T44 91L4 These financial statements were authorised for issue by the trustees on 28 August 2025. 2 Accounting policies Summary of signific211t accounting policies and key accounting estirnates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented. uiiless otlienvise stated. Statement of eomplianee The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice (applicable to charities preparing tlieir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102}) ligsued in October 2019) - {Charities SORP {FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) and the Companies Act 2006. Basis of preparation Raise the Roof (Nl) meet5 the definition of a public benefit entity under FRS 102. Assets and liabilities are initially reeognised at historical cost or transaction value unless Otherwise staled in th¢ relevant accounting policy note5. Going concern The trustees consider that there are no material uneertainties ab(Trul the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the Charity. Ineome and endowments All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably. Page 8
Raise the Roof (NI) Notes to the Financial Statements for the Year Ended 31 December 2024 Donalions and legacies Donation5 are recognised when the charity has been notified in witit)g of both the amount and settlement date. In the event ihat a donation is subject to conditions that require a level of performance by the chlty before the charity is entitled to the 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 il is probable thai these conditions will be fijlfilled in the reporting period. Expenditure All expenditure is recognised once tiiere is a legal or constructive obligation to that expenditure. it is probable settlement is required and the amount ean be measured reliably. All costs are allocated to the applieable 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 resources, with central staff costs allocated on the basis of lime spent, and d¢preciation cliarges allocated on the portion of th¢ asset's use. Other support costs are allocated based on the spread of staff costs. Raisingfunds These are ¢osts incurred in attracting voluntary income, the management of investments and those incurred 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 example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by iheir usage. T8xation The charity is considered to pass the tests set out in Paraoraph I Schedule 6 of the Finance Act 201 O and therefore it meets the definition of a eharitable company for UK corporation tax purposes. Accordingly. the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part I of the Corporation Tax Act 201 O or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are applied exclusively to charitable purpose5. Tangible fjxed asset5 Individual fixed as5¢ts costing £150.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent ¢uMulated impaim]ent losses. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value. over their expected usefijl economic life as follows: Cash And cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other sliort-lemi highly liquid investments that are readily convertible to a known amount of cash and are subject to &n insignificanl risk of chang¢ in value. Pag¢ 9
Raise the Roof (ND Notes to the Financial Statements for the Year Ended 31 December 2024 Trade ereditors Trade Creditors are obligations to pay for goods or Services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlemeni for at least twelve months after the reporting date, they are presented as non-current liabilities. Tydde creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Fund structure Unrestrieted income funds are general funds that are available for use at the trustees discretion in furtherdnce of ihe objectives of the eharity. 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 instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of it5 liabilities. Recogn¢¢ion and ereMeI All financial setS and liabilities are initially measured at transaction price (including transaction Costs), except for th05¢ financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is nomally the tryansaction price excluding transaction costs), unless the aangement conslitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. 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 tl)e charity intends either to settle on a net basis, or to realise the asset and settle the liability simliltaneously. Finaneial assets are der¢¢ognised when and only when a) the contractual rights lo the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the finan¢ial asset, or c) the charity. despite having retained some, but not all, significant risks and reward5 of ownership, has transferred control of the asset to another party. Financial liabilities are derecogni5¢d only when the obligation specified in the contract is discharged, cancelled or expires. Page 10
Raise the Roof (NI) Notes to the Financial Statements for the Year Ended 31 December 2024 3 Intome from donations and legacies Unrestricted funds G¢neral Total funds Total for 2024 Tot81 for 2023 1,086 1,086 4 Expenditure on raising fund5 a) Costs of generating donations and legacies Unrestricted funds General Total funds Note Allocated support costs 525 525 Total for 2024 525 525 Total for 2023 5,400 5,400 S Net incomingloutgoing resources Net outgoing resources for the year include: 2024 2023 Depreciation of fixed assets 1,301 6 Trustees remuneration and expenses No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expense5 or any other benefits from the charity during the year. Page 11
Raise the Roof (NI) Notes to the Financial Statements for the Year Ended 31 December 2024 7 Taxation The charity is a registered charity and 15 therefore exempt from taxation. 8 Tangible fjxed assets Furniture and equipment Motor vehieles Total Cost At l January 2024 8,816 i 0,000 18,816 At J l December 2024 8,816 i 0,000 18,816 Depreciation At l January 2024 8.491 10,000 18,491 At 31 December 2024 8,491 i 0,000 18,491 Net book value At 31 December 2024 325 325 At 31 December 2023 325 325 9 C9sh and eash equivaltnts 2024 2023 Cash at bank 1.799 1,844 10 Creditors: amounts falling due within one year 2024 Trade Creditors Other creditors 480 481 Page 12
Raise the Roof (Nl) Notes to the Financial Statements for the Year Ended 31 December 2024 I l Funds Balance at 31 December 2024 Balanee at I January 2024 Resources expended Unrestricted fund5 General {5?5) 1,643 Balance at 31 December Balance at I January 2023 Ineoming resources Resourees expended 2023 Unrestricted funds General 6,482 1,086 (5,400) 2.168 12 Analysis of net assets between funds Unrestricted funds General Total funds at 31 December 2024 Tan(Fible fixed assets Current assets Current liabilities 325 1,799 {481) 1,799 (481) Total net assets 1,643 1.643 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 Page 13
Raise the Roof (NI) Notes to the Financial Statements for the Year Ended 31 December 2024 13 Analysis of net funds At31 December 2024 At l JanuAry 2024 Financing cash llows Cash at bank and in hartd 1,844 144) 1,800 Net debt 1.844 144) 1,800 At31 December 2023 At l January 2023 Financing eash flows Cash at bank and in hand 4,857 (3,013) 1,844 Net debt 4.857 (),Oli) 1,844 Pag¢ 14