ARMAGH OLD BOYS SILVER BAND AND SOCIAL CLUB LIThLE BARRACK STREET, ARMAGH FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
Armagh Old Boys Silver Band and Social Club Report of the Trustees for the Year Ended 31 March 2023 The trustees present their report and the financial statements for the year ended 31 March 2023. Structurej governance and management The trustees have adopted the provisions of the Statement of Recommended Practice [SORP] "Accounting and Reporting by Charities" issued in 2008 in preparing the report and financial 5totements of the charity. They have also had regard for any other information required by law or the charity's governing document. Objectives and activities Armagh Old Boys Band seeks to provide entertainment through its concerts, summer schools and other social events throughout each year. in doing this it offers a sense of community within the Armagh area. It also encourages people from all ages to take up playing musical instruments with specialist tuition and previously mentioned summer schools. Achievements and perfonnance Our mission is to advance the aspirations of those with an interest in music and provide a sense of community through musical events and learning. Financial Review It is the policy of the charity to maintain restricted reserves which matches the needs of the band, both at the current time and the foreseeable future. This provides suff icient funds to cover running costs which include management, odministration and support costs. Statement as to disclosure of information to auditors In so far a5 the trustees are aware: there is no relevant audit information of which the auditors are unaware. and the trustee5 have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to estoblish that the auditors are oware of that information.
Armagh Old Boys Silver Band and Social Club Statement of trustees. responsibilities The trustees are responsible for preparing the annuol Trustees, Annuol Report and the Financial Statements in accordance with applicoble law and United Kingdom Generally Accepted Accounting Practice. Law applicable to charities in Northern Ireland requires the trustees to prepare financial statements for each financial year which give a true and fair view of charity's financial octivities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees are required to: select suitable accounting policies and then apply them consistently. make judgements and estimates thot are responsible and prudent; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act (Northern Ireland) 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Auditors A resolution proposing that WHR Accountants Ltd be re-appointed as auditors of the charity will be put to the Annual General Meeting. On behalf of the board . J A Stevenson Treasurer 24 Mullinasilla Road Armagh
Armagh Old Boys Silver Band and Social Club EPENDENT We report on the Accounts for the year ended 31 March 2023 set out on pages 5 to 8 Respecttve responsibilities of trustees and examiner The Club committee are responsible for the preporation of the accounts. The club committee consider that an oudit is not required for this year under Licencing and Registrotion of Clubs (Amendment) Act (Nl) 2013 and that on independent examination is required. Having satisfied ourselves that the club is not subject to audit under company law and is eligible for independent examination, it is our responsibility to". examine the accounts under The Registration of Clubs (N.1) Order 1996 to state whether particular motters have come to our attention. Basis of the independent examiner's report An examination includes a review of the accounting records kept by the club and a comparison of the accounts presented with those records. It also includes considerotion of any unusual items or disclosures in the accounts, and seeking explanations from you as committee member concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit. and consequently, no opinion is given as to whether the accounts present a 'true and fair view. and the report is limited to those matters set out in the statements below. Independent examiner's statement In connection with our examination, no matter has come to our attention". (l) Which gives me reasonable cause to believe that, in any material respect, the requirement5-. to keep accounting records in accordance with The Registration of Clubs (Nl) Order 1996 to prepare accounts which occord with the accounting records. comply with the occounting requirements of Sections 394 and 395 of the Companies Act 2006. have not been met" or (2) Which. in our opinion, attention should be drawn in order to enable a proper understonding of the occount5 to be reoched. WHR Accountants Ltd Chortered Certified Accountants 56 English Street Armagh BT61 7LG
Armagh Old Boys Silver Band and Social Club URE ENDED 31 Gifts & Donations Power Nl Gronts Summer School Foden's Concert 4,635 2,495 15,461 3.775 2,689 29,055 4.488 2,162 16,058 22,708 Utilities Insurances 2,575 1,047 3.391 300 670 216 Telephone & Postages Accountancy Fees Bank Charges Repairs & Maintenance Gifts & Donations Sundries Depreciation Foden's Fees Woter Rates Travelling Catering Rates Licences Musi Summer School Fees Accommodation CD Expenses Bar Stock Right Off TOTAL EXPENDITURE NET SURPLUS / IDEFICITI TO GERNAL RESERVE 356 760 291 128 5,118 850 2,651 7.322 5,050 155 266 8,389 7,660 1,502 1,094 750 215 8,111 2.525 148 1.500 43,495 (14,400) 20,847 1,861 WHR Accountants Ltd 56 English Street Armagh BT61 7LG Th regoing Income and Expenditure Account was approved by the Committee: evenson Chairman on behalf of Committee G Stewart Secretary JA Stevenson Treasurer
Armagh Old Boys Silver Band and Social Club SHEET 202 194,125 201.488 Stock 1,500 Cash on Hands 550 550 Cash at Bank 41,049 46.667 41.599 48.717 Accruals 575 576 575 576 Excess of Current Assets over Liabilities 41,024 48.141 TOTAL NET ASSETS 235,149 249,589 Accumulated Fund Opening Balance Surplus [Def icit] for year Less: Exceptional Items CAPITAL EMPLOYED 249,589 (14,440) 248,741 1,861 1,012 235,149 249.589 PREPARA TION OFACCOUNT WHR Accountonts Ltd 56 English Street Armagh BT617LG APPROVAL OF ACCOUNT The foregoing Balance Sheet was approved by the Committee: A £4wi I Stevenson Chalrman on behalf of Committee G Stewart Secretary JA Stevenson Treasurer
Armagh Old Boys Silver Band and Social Club NOTES TO THE STATEMENT OF ACCOUNTS COUNTING ICIE The financial statements have been prepared under the historical cost convention as set out below: The value of stock on hand is calculated and quantified by on independent stock-taker through a physical stock-take. Valuation is made on the lower of cost or net realisable value. The Statement of Accounts have been prepared in accordance with applicable accounting standards in the United Kingdom. (a) The Accounts are prepared under the historical cost convention. (b) Depreciation is provided on all tangible fixed assets other than freehold land and buildings, at the following annual rates, calculated to write off each asset over its expected useful life as follows: Instruments Fixtures & Fittings 5% Reducing Balance Basis 12.5% Reducing Balance Basis
Armagh Old Boys Silver Band and Social Club Buildings Fixtures & Instruments Total Fittings Cost at 01.04.2022 128,346 82.101 46,885 257,332 Aggregate Depreciation 45.425 10,459 55,884 Charge for year 5,502 1,821 7,323 50,927 12,280 63,207 NBV at 31.03.2023 128.346 31,174 34,605 194,125 2023 2022 Danske Bank - Scotch St. Armagh - Armagh Old Boys Band 41,049 46,667 41.049 46,667 2023 2022 Accountancy Fees 575 575 575 575