Charity Recelpt5 and payments account5 ir Forthe perlod from To p-P..YfrJ￿[ Section AReceipis and paymenis Unrestrlcied funds Restrlctedfunds gndowmeni funds Totalfunds Last year lo the nearest tothe nearest £ to the nearest£ to the nearest £ tothe nearest£ Al Receipts Fundraisingl Raffles Mernbership Banklnterest Parental Contribution ross Incorne 2,325 2,325 1,727 452 452 46 239 97 or Annual Return) 2,823 2,823 2.Q63 sset an Jnve5trnentsa tables l ènd2 in section 7of the guidance) es see Sub tota rotalrècelpts A3 Payments Advanced Tutorln Accountan Char Bank Ghar es Insurance 1,80 6QO 52 214 es 600 51 226 600 51 226 A3Sub ¢otal 877 877 2,466 A4 A55et and Investment Purchases (see tables l and2 Insection 7of the A4 Sub total Totalpayments Netof recelpts/(paym8ntsJ AS Transfers between funds A6 Cash lunds lastyear end Cash funds thlsyeaiend 27,417 17 27.820 17 29,363 Page 9 APPENDIX 2 A5s0clatloD¢f Frlends of The South Uisteryouth Orchestra 8nd 8and-102129 Seeiion BSt2temEntof asSetSa￿dI1abll11le$oIthe endolthepewiod Ptrrfod end date.'3Oth5eptetnber2024 Endowment Categories Ttstsifunds La5tyear lunds to nearest£ 29,363 funds tonearest£ to near8St£ to nearest£ 29.363 tonearest£ 27,417 BICa5htunds cuiieni accounts rDtalc3shlvnds '.e ba13nce5with reC￿P1S payments 8tt0untlsll 29,363 OK 29.363 OK 27,417 OK OK OK Unresviaed funds io neirestÉ Restrlctedtunds Endawtnerrt fotalfllnds Lastytar funds to ne3rest£ Detslls to neare5tE to neares1£ to neare5t£ 82 Other nb)netary 6ssets Total Fund iowhlch asset belon Currentvalue onal C05tloptiollall Lastyear B31nve5tmentassets Total Fundtowhich asset belon eurrentvatue onal Deigi Costloptionall La$tyear B4Ass&ts ret31nettfDr the chartys own use Total Fund towhlch Whertdue Amountdue nal Detsits Lastyear B5LlablUtles Total Slgned byoneorNo ttustees oDbeholf of all thetruste23 si ure PrfmName Date olapproval AndTw*Fogaty Caroline Dohe Pao4 10 ASSOCIATION OF FRIENDS OFTHE SOUTH ULSTER YOUTH ORCHESTRAAND BAND NOTESTO THE FINANCIAL STATEMENTS YEARENDED 30SEPTEMBER2024 Accounting poLicies The financial statements have been prepared in accordance with the Charities SORP IFRS 102} - Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January20191 and the Charities Act (Northern Ireland) 2008. As permitted by charity law, the charity has prepared its financial statements under the receipts and payments basis of accounting. This is a form of 8Gcounting that consists of a Sutnmary of all monies received and paid vi8 the bank and in cash bythe charity during its financial y88r. along with a statement of balances. The charity is exempt from tax on its charitable activities. Cash and cash equivalents includes cash and bank accounts with immediate access to funds. ndA Unrestricted funds Unrestricted funds are held for the furtherance of the charity's objectives and are expendabl8 at the discretion of the Trustees. Related PartyTransactions The charity was under the control of the board of trustees through out the year. The charity Trustees were not paid or received any benefits from employment with the charity in the year, neither were they reimbursed expenses during the year. Any connection between a Trustee or senior manager of the charity with organisations the charity works with must be disclosed to the full Board of Trustees in the same way as any other contractual relationship with a related party. During the period the Association ot Friends of the South Ulster Youth Orchestra and Band did not enter into anytransactions with related parties. Golng Concern At the time of approving the f inancial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational exlstence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. Trustee Remuneration None of the trustees received any remuneration or were paid any expenses during the year. Page11