ANTRIM COMMUNITY CHOIR ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
ANTRIM COMMUNITY CHOIR LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs N Friel Miss A Ca011 Mrs E Stevens Mrs M Mulholland Mr P Brannigan Mrs P MG4uley Mrs M A MG4uley (Appointed 8 Odober 2024) (Appointed 8 Oclober 2024) Charity number NIC 101327 Principal address 1 Brookvale Antrim BT412TU Independent Examiner Aidan Corrigan. ACA Corrigan CA Limited 24 Greystone Road Antrim N Ireland BT412QN
ANTRIM COMMUNITY CHOIR CONTENTS Page Trustees, report ststement of trustees, responsibilities Independent Examiners Report Statement of financial activities 10 Balance sheet Notes to the accounts
ANTRIM COMMUNITY CHOIR CHAIRPERSON'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Antrim Communty Choir exists to bring together the voices in our communty. Singing together we celebrate our diversity ahd find our common ground. Everyone over the age of 18 years old is welcome. We have a Voluntary Committee of 7 choir members and a selfomployed dynamic Musical Director. Our volunlary committee is very capably run by Noreen Friel (Voluntary Secretary), Adele Carroll (Voluntary Treasurer), Eileen Stevens (Voluntary Committee Member). Mabel Jenkins (Voluntsry commrtiee memberl, Kenny Grant (Voluntary Committee Member) and Paddy Brannigan (Cofflmittee Member). All committee members are elected by The Choir members and a Chairperson is elected by the newly elected committee at every A.G.M. presendy being myself,. Marie T Mulholland. Our musical director is the one and only Una Mccann who has been with us since the beginning of this singing joumey. She not only teaches us all how to sing like we never thought we could bLrt comes to all committee meelings on her own time in an adwsory capacAty. We all deeply appreciate her time. advice and input to all discussions on projects and public perfomiances, suggestions and her unique inght on how everything we get involved in musically should work. We call it the Una Touch. It never fails. We all take our roles and responsibilrties seriously and do our best for the good of everyone involved in Antrim CommLsniiy Choir. The trustees all truly love to sing with a group of likethminded people but have also selflessly stepped up lo help with the running of the choir. Most importantly, we still find time to sing. As charity regulations insist, we meet 4 times a year, one of whith is our A.G.M.. The Choir rehearses every Monday night from 7=15pm to 9.'15pm in St Joseph's Communty Hall in Antrim with a short tea break during it. We acknowledge that sometimes people may occasionally become fvndraising weary so we have made the conscious decision lo remain as independent as possible. This independence allows us the freedom to detemiine what. when and where we perfom. We do appty to funders who are working wtlh publidy donated funds to help when we are organising projects. We have been successfvl with applications with these funders in the past and hopefully will be just as successful in the future. Such funding is often re5tricled and typically cover projed-related cosls and frequently exdude core running expenses. As such, continued fundraising remains essential to sustaining the choirs day-to-day operations. This is a shared responsibility and an inherent part of being a member ofAntrim Community Choir. A monthly member subscriplion is now £25 which is greaty appreciated as this pays for our monthly running expenses whith include the rent of the hall. public liability insurance, rnonthly agreed fees to our dynamic Musical Director. printing and annual accountancy fees. The produre to pay membership of Antrim Communty Choir is by bank transfer into our ACC Bank Account, cheque or by 4 weekty payments of £6.25. All bank account detai15 are on the membership fomis. The thoir rehearses for ten months of the year, from January to June and again from September to December, with a scheduled summer break of eight weeks during July and August. Una has established a VthatsApp group for Antrirn Community Choir. vthich has proven invaluable for efficiently sharing information wtth members. Any member who wishes to be added to the group is encouraged to provide their mobile number to Una at a convenient time.
ANTRIM COMMUNITY CHOIR CHAIRPERSON'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The use of WhatsApp has also enhanced our musical preparats'on. Una shares hannonies and lyrics in the group, enabling members to familiarise Ihefflselves with the malerial at their own pace. While this is entirely oplional. many find it an enjoyable and relaxing way to engage with Ihe music-singing along from the comfort of their own kitchen, perhaps llth onty Ihe birds for an audience. Acknowledgements and Thanks We gratefully aL*nowledge the generous support of the following individuals and organisations.. Howden5, Antrim The Family cash donation enabled Antrim Communty Choir to purthase a new portable defibrillator. Antrim Cornmunity Choir paid £85 towards cost of the defibnllator. Nanabelle's. Antrim This support enables us to continue our work and expand our reach within the communty. Reflections and Gratilude 2024 was a rewarding and dynamic year for Antrirn Communty Choir, filled with meaningftjl perfonnances, new partnerships, and deepened communty ties. We offer our heartfelt thanks to our Musical Director, Una Mccann, whose talent, vision, and dedication have been instrumentsl in shaping ihe choir's success and spirit. We also extend our appreciation to the voluntary committee for Iheir ts"reless wotk behind the scenes, and to every member of the choir for their commttmenl. enthusiasm, and generosty of spirit. Together. we continue to demonstrate the transfonnative power of music ordinary people achiewng extraordinary things. Marie T Mulholland Chairperson
ANTRIM COMMUNITY CHOIR TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The financial statements have been prepared in accordance with the accounting poliaes set out in note 2 to the financial statements and comply with the choirfs goveming document, the Charities Act (Northern Ireland) 2008 and "Accounting and Reporting by Charilies: Statement of Recommended Practi applicable to charities preparing their accounls in accordance wsth the Finanaal Reporting Standard applicable in the UK and RepubliG of Ireland (FRS 102)" (effective 1 January 2019). Objectives and activities The trustees have adopted Ihe provisions of the Staternent of Recommended Pradice (SORP) "Accounting and Reporting by Charities" issued in Marth 2005. Antrim Community Choir exists lo bring together the voices of our communty to share the joy of music, gaining the physical and mental wellbeing which singing with a group of like-minded people develops, having fvn as a group with this non-audition choir. Singing together, we celebrale our diversty and find our common ground, while offering dignity and respect to all. Every voice is welcome. The Communty Choir is not limited to those from Antrim but encompasses all of Northem Ireland and has members of all abilities and ages travelling from Ballydare, Ballymena, Broughshane, Belfast. Crumlin, Dundrum, Newiownabbey, Randalstown, Toomebridge and Magherafelt. It is govemed by a constttution which was formalty adopted on 8th February 2012. It is an association open to any individual over the age of 18 irrespective of ethnic identty. gender, sexual orientalion, nationality, class, marital slalus, political or religious opinion who support the aims of the Choir. It is managed and controlled by a volunlary committee whith consists of Ihree office bearers,. Honorary Chair, Honorary Secretsry. Honorary Treasurer and four ordirlary members who are elected annually at the Annual General Meeting. All trustees give their time voluntarity and receive no remuneration or other benefits. Public benefft The truslees have paid due regard to guidan issued by the Charity COMMISon in deciding what activities the choir should undertake. Main Activities: AntTim Communty Choir aim to be as independent as possible. They appty to funders when they are organising specific programmes. Monthly choir member fees are currently £25 and these were paid during the year by bank transfer. cheque or cash on the first Monday of eath month. This can be broken down for those who wish to pay gift aid into £5 fee and £20 gift aided donation.
ANTRIM COMMUNITY CHOIR TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Summary of Main Achievements durlng the year. March 2024- Can Sing" Festival. Dery-Londonderry In March, members of Antrim Communty Choir travelled to Dery to participate in Ihe e Can Sing. festtval. This uplsfting event brought together choirs from auoss the region and was a ValUate opportunity to coHaborale and perform under the direction of our Musical Dire¢tor, Una Mccann. May 2024- Support Performance for Lore On Saturday 4th May, the choir had the honour of perfomiing as the support act for Lore at a community concert held in Antrim Courthouse. This event offered a valuable performan platlorm and was wamly reived by the local audience. June 2024-.sing for Joy" and "Northern Sounds" On Saturday 15th June, Antrim Community Choir hosted "Sing for Joy. in the Communty Hall at St. Joseph's, Antrim. This celebratory event welrned choirs from across Northern Ireland and incjuded the Sound Route Singers from Glasgow as our featured intemational guests. The day conduded wrth an evening concert featuring performances by all particlpating choirs, and special guests The Henry Girts. whose appearance was a particular highlight. Laler that month, on 20th June, choir members joined singers from across Northem Ireland lo partictpale in "Northem Sounds,. a collaborative choral perfomiance held in the iconic Guildhall. Dery-Londonderry. This event further strenglhened inter-choir relationships and showcased the power of communal singing in a historic setting. November 2024- Community Engagement Evènts The second half of the year saw the retum of our much-loved Vintage Tea Aftemoon. held on Saturday 9th November in St. Joseph's Communty Hall. The relaxed and welcoming atmosphere provided an enjoyable afternoon of music and refreshments, Wtth guest performances by Una Mccann and Colin Reid, alongside the choir. On Saturday 23rd November, the thoir hosted its annual Candleltt cOnrt in All Saints Church. Antrim. This speaal evening featured perfortnances by Antn"m Cornmunty Choir and a roster of distinguished Northem Irish musicians, including.. Suzann Savage- Internationally acdaimed soprano Ruth McGinley- Renowned concert pianist Claire Creelman - All-lreland champion harpist Cri - A vocal group fealuring Sheenagh and Aileen from the renowned Weir famity of Maghera We extend our sinre thanks to Archdeacon Stephen McBride. Rev. Peter Blake, Mrs. Irene Gates, and the All Saints Church community for their invaluable support in hosting and facilitating this evenL December 2024 - Community Outreach Antrim Community Choir rernains committed to gi4ing back trtrough music. In Deomber, the thoir dedicated its three weekly rehearsals to community outreach perfornianS at Ihe following venues.. Antrim Library12nd DeMber) Antrim Area Hospital Palliative ca Unit (9th December) The Simon Community, The Foyer, Belfast (16th December) These wsits allowed us to bring comfort. connection. and joy through music to audiences who may not othe¥wise have access to live perfOrn)an.
ANTRIM COMMUNITY CHOIR TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Financial review The main source of income was from donations of £9.635 and in addition the Choir also received grant funding of £880. Despite grant fvnding being greatly reduced overall income only slighty duced to last year. There was a decrease in expenses in the year and this has resutted in a surplus of £1,215 in the year. Restricted reserves at the year end were £0 (£0 in 20231 and unrestricted reserves were £1.439 (£224 in 2023). Risk Management: The Trustees have a duty to identrfy and review the risks to whith the charity is exposed and to ensure appropriale controls are in place to provide reasonable assurances against fraud and eOr. Risk is reviewed on a regular basi5 and actions and controls to rniiigate against risk are developed and agreed by the Trustee5. Reserve Policy: The trustees wish to estsblish and maintsin a level of reserves thal it requires to enable on-going delivery of its operations and seNices. Reserves are needed to bridge the funding gap between spending and receiving reSoUrs. The trustees would wsh to have 3 months operating costs in resep4es. The actual unrestricted reserves as at 31# December 2024 was £1,439 (2023 £0). Thi5 is evidently less than one usual months reserves. The Trustees will conts'nue to strive to accumulate the desired level of reserves. Volunteers: A great conlribution is made by member volunteers and we would like to acknowledge their commitment in tem)s of time, energy and expertise. Everything I have jusl related could never happen without a great many people all working voluntsrily for the good of us all. On behalf of Antrirn Communty Choir I wanl to say a very sincere thank you to you all. for your time effort commitment and supporL Structure, Governance and Management The charity is controlled by its goveming document. a deed of trust. and constitutes an unincorporated charity.
ANTRIM COMMUNITY CHOIR TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees who served during the year were.. Mrs N Friel Miss A Carroll Mrs M Jenkins Mrs E Stevens Mrs M Mulholland Mr P Brannigan Mr Kenneth Grant Mrs P McAuley Mrs M A McAuley (Resigned 16 September 2024) (Resigned 16 September 2024) (Appointed 8 October 20241 (Appointed 8 Odober 20241 The trustees, report was approved by the Board of Trustees. rs M Mulhollan Trustee 9 June 2025
ANTRIM COMMUNITY CHOIR STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustee5 are responsible for preparing the Trustees Report and the accounts in accordance with applicable law and United Kingdom Accounting Stsndards (Unrted Kingdom Generalty Accepted Accounting Practice). The law applicable to charities in Northem Ireland requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year. In preparing these accounts, the trustees are required to". - select suitable acrJ)unting policies and then apply them ojnsistenty: - observe the methods and principles in the Charitses SORP. - make judgements and estimates that are reasonable and prudent: state whether applicable accounting standards have been followed. subject to any material departures disdosed and explained in the accounts. and prepare the accounts on the going concem basis unless it is inappropriate to presume that the tharity will continue in operation. The trustees are responsible for keeping sufficaent accounting records that disdose with reasonable accuracy at any time the financial position of Ihe charity and enable them to ensure that the accounts comply with the Charities (Accounts and Reports) Regulations (Northem Ireland) 2015. and the prowsions of the trust deed. They are also responsible for safeguarding the assets of the charity and hen for tsking reasonable steps for the prevention and delection of fraud and other irregularities In preparing these financial statements, the trustees are required to= selecl suitable accounting policies and then apply them consistenty.. observe the methods and pnnciples in the Charrties SORP-, make judgements and estimates that are reasonable and pnjdent; state whether applicable accounting standards have been followed. subject to any matetial departures disdosed and explained in the finanual statements., and prepare the finanual statements on the going concem basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping suffiuent accounting records that disdose with reasonable accuracy at any time the financial position of the thoir and enable them to ensure that the financial statements comply with the Charities Acl {Northem Ireland) 2008 and the prowsions of the trust deed. They are also responsible for safeguarding the assets of the choir and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
ANTRIM COMMUNITY CHOIR INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ANTRIM COMMUNITY CHOIR I report on the Antrim Community Choir of the thoir for the year ended 31 December 2024, which are set out on pages 9 to 17. Respective r88ponsibilities of trustees and examiner The trustees consider thal an audrt is not required for this year under section 65 of the Charilies (Accounts and Reports) Regulations (Northem Ireland) 2015 and that an independent examination is needed. It is my responsibilty to.. examine the accounts under section 65 of the ChaTibes Ad" (li) to follow the procedures laid down in the general Directions given by the Charity Commission under section 65{9){b) of the Charities Act., and {iii) to state whether particular matters have come to my attention. Basis of Independent examinefs report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carrted out in accordance with the general directions given by the Chanty Commission for Northem Ireland under section 65(9)(b) of the Chartties Act. My examination induded a review of the accounting records kept by the tharity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounls. and seeking explanations from you as charity truslees conceming any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe- 1. That accounting. records were not kepi in accordance wr(h section 63 of the Chartties Act, 2. That the accounts do not atxord wth those accounting records. 3. That the accounts do not compty with the accounting requirements of the Charities Act. 4. That there is further infomation needed for a proper under51anding of the accounts to be reached. Independent examinerfs statsment Your attention is drawn to the fact that the chartty has prepared finanaal statements in accordance wilh Accounting and reporting by Charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) in preferen to the Accounting and Reporting by Charities: Statement of Recommended Pradice issued on 1 April 2005 which is referred to in the extant regulations bul has now been withdrawn. l understand that this has been done in order for Ihe financaal statements to provide a true and fair wew in accordance with Generally Accepted Accounting Practtce effective lor reporting periods beginning on or after 1 January 2015. In connection with my examination, no other matter except that referred to in the prewous paragraph has come to my attention: (a) which gives me reasonable cause to believe that in any material respect the requirements: Ci) to keep accounting records in accordan with the directions of the Charity Commission for Northem Ireland., and (li) to prepare accounts whith accord with the accounting records and comply with the accounting requirements of the Charities Act; have not been met or Ib) to which, in my opinion. attention should be dravm in order lo enable a proper understanding of the financial statements to be reached. Aidan Corrigan, ACA Corrigan CA Limtted. Chartered Accountants & Registered Auditors 24 Greystone Road, Antrim. BT412aN Daled." 9 June 2025
ANTRIM COMMUNITY CHOIR BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Notes Fixed assets Tangible assets 12 1.103 13 Current assets Debtor5 Cash at bank and in hand 13 418 468 418 313 731 Creditors: amounts falling due within one year 14 (520) (520) Net current assets 211 Total assets less current liabllities 1,469 224 The funds of the choir Unrestricted funds 15 1,469 224 1,469 224 The financial slatements were approved by the trustees on 9 June 2025 PILC Miss A Carroll Trustee Mrs M Mulholland Trustee
ANTRIM COMMUNITY CHOIR STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Restricted fund$ funds 2024 2024 Total Total 2024 2023 Notes Income and endowments from: Donations and legacies Charitsble actiwties Other income 10.950 6.889 1,865 12,815 6,889 14,654 4,708 418 Total income 17.839 1.865 19,704 19,780 enditure on: Raising funds 15,314 15.314 18,873 Charitable actiirities 2,265 880 3,145 3,290 Total resources e¥pended 17,579 880 18,459 22,163 Net Incominglloutgoingl resources before transfers 260 985 1,245 (2,383) Gross transfers belween funds (985) Net incomellexpenditurel for the yearl Net movement in funds 1.245 1.245 (2,383) Fund balances at 1 January 2024 224 224 2,607 Fund balances at 31 December 2024 1,469 1,469 224 The statement of financial a¢tivitses indudes all gains and losses recognised in the year. The statement of financial actiwties indudes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 10-
ANTRIM COMMUNITY CHOIR STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Critical accounting estimates and judgements In the application of Ihe choir's accounting policies, the trustees are required to make judgements, estimales and assumptions about the carying amounl of assets and liabilities Ihal are not readily apparent from other Sour$. The estimates and assouated assumptions are base(1 on histoncal experience and other factors thal are considered to be relevant. Actual results may drffer from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Rewsions to accounting estimates are recognised in the period in which the eslimale is rewsed vthere the revision affects only that period, or in the period of the revision and future periods where the rewsion affects both current and future periods. Accounting policies Charity information Antrtm Communty Choir is an a51 indusive, alkability, non-audition thoir actepting ages 18 and over.. 2.1 Accounting convention The accounls have been prepared in accordance with the choils goveming document, the Charities Act 2011 and "Accounting and Reporting by Charilies.. Slatemenl of Recommended Practice applicable to char.e5 preparing their accounts in accordance wrth the Finanual Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021° {as amended for accounting periods mmencing from 1 January 2016). The ¢hoir is a Public Benefit Entity as defined by FRS 102. The choir has laken advantage of Ihe probisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Slatement of Cash Flows. The finanual slatements have departed from Ihe CharTties (Accounts and Reportsy Regulations 2008 only io the extent required to prowde a true and fair view. This departure has involved following the Statement of Recommended Practice for charities apptying FRS 102 rather than the version of the Statement of Recommended Pracaice vthith is referred to in the Regulations but which has since been withdravm. The financial slatements are prepa in sterfing, whith is the functional currency of the choir. Monetary amounts in these finanaal statements are rounded to the nearest £. The financial statements have been prepared under the historical cost o)nvenlion. [modffied to indude the revaluation of freehold properties and to indude investment properties and certain finanual instruments al fair value]. The prinapal accounting policies adopted are set out below. 2.2 Going concern The choir meets its day to day working caprtal requirements through the money raised and grants receivable. At the time of approving the finanoal ststernents, the trustees have a reasonable expectation that the charity has adequate resources to continue in operation existence for the foreseeable ftjture. Thus the trustees continue to adopt the going concem basis of accounting in preparing the financial ststements. 2.3 Charitable funds Unrestncted funds are available for use at the discretion of the trustees in furtherance of their charitable objertives. 11
ANTRIM COMMUNITY CHOIR NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng policies (Contlnued) Restricted funds are subject to specific conditions by donors or grantors as lo how they may be used. The Purposes and uses of the restricted fvnds are sel out in the notes lo the finanrial statements. 2.4 Incoming reSoUe3 Income is recognised when the choir is legalty entrtled to it after any perfonnance conditions have been met, the amounts can be measured lIablY, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised On the choir has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relalion to donations received under Gift Aid or deeds of covenart is recognised at the time of the donation. 2.5 Resources expended Expenditure is recognised once there is a legal or construL*ve obligation to transfer economic benefit to a third party, it is probable Ihat a transfer of economic beneffts will be required in settlement, and the amount of the obligation can be measured reliably. Expendrture is dassified by actimty. The costs of each actimty are made up of the total of direcl cosls and shared costs, induding stspport costs involved in undertaking each activity. Direct cosls attributable to a single adivity are allocated directly to that actimty. Shared costs whith contribute to more than one activity and support costs which are not attributable lo a single aclivrty are apports'oned beeen those activilies on a basis consislent with the use of resources. Central staff costs are allocated on the basis of time spent, and deprectation charges are allocated on the portion of the asset's use. Expenditure is accounted for on a receipts and payments basis and has been dassified under headings thal aggregate all cost related to Ihe category. Where costs cannot be directly attribuled to particular headings they have been allocated to aclivities on a ba&s consistent with the use of resources. 12-
ANTRIM COMMUNITY CHOIR NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (Continued) 2.6 Tangible fixed assets Tangible fixed assets are initially Measured at cost and subsequentty measured at Cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases= Fixtures, ffttings & equipment 20QA Straight Line The gain or loss arising on the disposal of an asset is detell1ned as the dlfference beeen the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activits'es. 2.7 Impainnent of fixed assets At each reporting end date, the choir revsews the carying amounts of its tangible assets to detennine whether Ihere is any indication that those assels have suffered an impaiment loss. If any such indication exist5, the recoverable amount of the asset is estimated in order to detennine the extent of the ImpalmnI loss (if any). 2.8 Cash and cash equivalents Cash and cash equivalents indude Gash in hand. deposits held at call with banks, other short-tenn liquid investments wrth original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabiliti'es. 2.9 Financial Énstruments The choir has elected to appty the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues. of FRS 102 to all of its financial instruments. Financial instruments are recognised in the choirfs balance sheet when the thoir becomes paty to the conlractual promsions of the instrurnenL Financial assets and liabilities are offset. with the net amounts presented in the financial statements, when there is a legally enforceable nght to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and sethe the liability simultaneously. Basic financial assets Basic financ5al assets. which indude debtors and cash and bank balances, are initially measured at transaclion price induding transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured al the present value of ihe fLrture reiptS discounled at a market rate of interest Finanal assets dassified as receivable wrthin one year are not amortssed. Basic financial liabilities Basic financial liabilities, induding creditors and bank loans are inttially recognised at transaction pri unless the arrangement constitutes a financing tran5aclion, where the debt in5trurnenl is measured at the present value of the future payment5 discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carrFed at amorti5ed cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or Services that have been acquired in the ordinary course of operation5 from suppliers. Amounls payable are dassified as current liabilities rf paymenl is due within one year OT les5. If not, they are psented as non-cuThent liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effedive interest method. 13-
ANTRIM COMMUNITY CHOIR NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (Continued) Derncognition of financial liabilities Financial liabilities are derecognised when the choirfs contractual obligations expire or are discharged or cancelled. 2.10 Employee benefrts The cost of any unused holiday entrtlement is recognised in the period in which the employee's seTwces are received. Termination beneffts are recognised immediately as an expense when the choir is demonstrably committed lo temiinate the employment of an employee Of to prowde temination benefits. 2.11 Fund Accounting Unrestricted funds can be used in accordance wth the charitable objectives at the discretion of the trustees. Restricted funds can only be used for parti¢ular restrided PUTposes within the objerts of the charity. Restrictions arise when specified by the donor or when fvnds are raised for particular reslricted purposes. Further explanation of the nature and purpose of each fund is induded in the note5 to the financial statements. Income from charitable actlvitles Unrestrictsd Unrostrlcted lunds funds 2024 2023 Charitsble Aclivities Sale of services 6,889 4,708 14-
ANTRIM COMMUNITY CHOIR NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Donations and legacies Unrestricted Restricted funds funds Total 2024 Total 2023 Donations and gtfts Grants receivable Membership Donations 8,650 9,635 880 2.300 11,489 1,700 1,465 880 2.300 10,950 1.865 12,815 14,654 For the year ended 31 December 2023 13,454 1,2(X) 14,654 Grdnts receivable for core aclivities Antrim and Newtownabbey Borough Council Black Sants ASDA Foundation 350 850 500 880 80 880 880 1,700 Other Income Unrestrlcted Unrestricted funds funds 2024 2023 other income 418 Ralsing funds Unrestricted Restricted funds funds Total Totsl 2024 2024 2024 2023 Fundraisin and ubli Other fundraising costs 15,314 15,314 18.873 15.314 15,314 18.873 For the year ended 31 December 2023 Fundraising and publicity 18,448 425 18,873 Musital Direction in year £ 8,O401202S,7C)) 15-
ANTRIM COMMUNITY CHOIR NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Charitable activities Charitable Charitable expenditure expenditure Total 2024 Total 2023 Staff costs Charitable expenditure 50 3,095 3,095 3,290 3.095 50 3,145 3,290 3,095 50 3,145 3,290 Included in expenditure are the following: Totsl 2024 Total 2023 Insuran Rent Printing, postage & stationery Computer Running Sundry Accountancy Bank Charges Depreaation Loss on disposal of tsngible assets 422 1,405 402 1,247 246 297 37 624 147 290 247 29 654 92 276 50 Net movement in funds 2024 2023 The net movement in funds is ststed after thargingl{creditsng)'. Deprecialion of owned tangible fixed assets 276 290 Trustees None of the tTUStees (or any persons connected with them) received any remuneration during the year. 16-
ANTRIM COMMUNITY CHOIR NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 Employees The average monthty number of employees during the year was.. 2024 Number 2023 Number Total. none none Employment costs 2024 2023 11 Taxation The chaiity is exempt from taxation on its activilies because all tts income is applied for charitable purposes. 12 Tangible fixed assets FixtUfy5, ffttlngs & equlpmeni Cost At 1 January 2024 Additions 1,487 1,365 At 31 December 2024 2,852 Depreciation and impalrment At 1 January 2024 Depreciation charged in the year 1,473 276 At 31 December 2024 1,749 Carrying amount At 31 Dember 2024 1,103 At 31 December 2023 13 13 Debtors 2024 2023 Amounts falllng due wlthin one year. Other debtors 418 418 17-
ANTRIM COMMUNITY CHOIR NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 14 Creditors: amounts falllng due within one year 2024 2023 Accruals and deferred income 520 520 15 Unrestrlcted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as lo how they may be used. These indude designated funds which have been set aside out of unresth'cled funds by the trustees for specific purposes. At 1 January 2024 Incoming Resources resources expended Transfers At31 December 2024 General funds 224 17,839 (17.579) 985 1,469 Previous year. At 1 January 2023 Incoming resources Resources expended Transfers At31 December 2023 General funds 2,354 18.580 (20,710) 224 16 Analysis of net assets between funds Unrestricted Restricted Total Fund balances at 31 December 2024 are represented by". Tangible assets Current assetsl{liabilities) 1,103 336 1.103 366 1,439 1,489 17 Related paty transactions No related party transactions in the period 18-