## **ULSTER COLLEGE OF MUSIC** **DETAILED STATEMENT OF FINANCIAL ACTIVITY YEAR ENDED 31 DECEMBER 2024** ## **RBCA Limited** _Chartered Accountants Linenhall Exchange 26 Linenhall Street Belfast_ BT2 8BG ## **ULSTER COLLEGE OF MUSIC** ## **STATEMENET OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2024** |**Note**
**INCOME**
Fees
Exam entry fees
Instrument hire
Hire of rooms
Recital income
Donations
Gift Aid
Grants received
Other investment income
**EXPENSES**
Examination fees paid
Tutor fees
Administration salaries
Staff pensions
Water rates
Heat & light
Insurance
Building repairs
Recital Expenses
Telephone
Postage & stationery
Computer expenses
Professional fees
Staff training
Repairs & maintenance
Charitable donations
Bursary
Bank charges
Sundry expenses
Depreciation
**NET INCOME RESOURCES FOR THE YEAR**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|**Unrestricted Restricted**
**Total**
233,573
-
233,573
8,815
-
8,815
1,386
-
1,386
4,518
-
4,518
358
-
358
3,233
300
3,533
-
-
-
-
4,282
4,282
866
-
866
252,749
4,582
257,331
8,959
-
8,959
154,271
3,192
157,463
21,596
-
21,596
274
-
274
599
-
599
5,141
-
5,141
2,141
-
2,141
4,405
-
4,405
378
-
378
1,476
-
1,476
314
-
314
179
-
179
11,551
-
11,551
1,003
-
1,003
3,397
-
3,397
130
-
130
-
-
-
263
-
263
1,808
-
1,808
5,247
-
5,247
223,132
3,192
226,324
29,617
1,390
31,007
161,685
6,400
168,085
191,302
7,790
199,092
**2024**
**£**|**2023**
**£**
**Total**
214,151
9,801
1,094
5,929
502
3,652
781
1,890
570| |---|---|---| |||238,369| |||9,676
149,050
16,694
268
638
4,880
1,901
15,176
396
1,205
326
482
12,100
-
2,945
-
175
171
1,534
5,242| |||222,858| |||15,511
152,574| |||168,085|