Registered Charity Number 102212 All Set Cross Cultural Project Report and Accounts 31 March 2023 All Set Cross Cultural Report and accounts Contents Project Page Trusteess, report Independent Examiners eport Profit and loss account Balance sheet Notes to the accounts All Set Cross Cultura Registered Charlty N Trusteess, Report Project mber: 102212 The trustees present thei report and accounts for the year ended 31 March 2023. Principal activities The principal activity duri and apprecialion of Irish particularly the young in workshops,classes and participalion in traditional area of benefit. g the year continued to be the advancement of education, understanding and Scottish traditional music and dance among people of all ages but Northern Ireland ( hereafter called the "area of benefiv,) by.. Organising ublic performances to provide access to and promote interest and rish and Scottish music and dance for all sections of the community in the Trustees The following persons se ed as board members and trustees during the year.. Llst of Offlce Bearers & Chair- Connor Moor Secretary- Naoimi Al Treasurer - Dorothy Board Members en cGarrty Board Members Ashley Farrell Siobhan Quinn Ailin Litter Danielle McKeman Jen Shiels This report was approved by the board on and signed on its behalf. Dorothy McGarrity Trustee l Treasurer All Set Cross Cultura Independent Examin Project r's Report Independent examiner, report to the charity trustees of All Set Cross Culturdl Project I report on the accounts the Trust for the year ended 31 March 2023, which are set out on pages 3 to Respective responsibili ies of charity trustees and examiner As the charity's trustees u are responsible for the preparation of the accounts in accordance with the It is my responsibility to.. a) Examine the accounts b) Follow the procedures 65{9)(b) of the Charities nder section 65 of the Charities Act aid down in the general Directions given by the Commission under section c) State whether particul matters have come to my attention. Basls of Independent e I have examined your ch examination was carried for Northern Ireland unde amlner's report rity accounts as required under section 65 of the Charities Act and my ut in accordance with the general Directions given by the Charity Commission section 65{9llb) of the Charities Act. review of the accounting records kept by the charty and a comparison of the hose records. It also included consideration of any unusual items or disclosures ing explanations from you as charity trustees concerning any such matters. My examination included accounts presented with in the accounts, and see My role is to state wheth a) That accounting recor b) That the accounts do c) That the accounts do d) That there is further in any material matters have come to my attention giving me cause to believe.. s were not kept in accordance with section 63 of Ihe Charities Act t accord with those accounting records t comply with the accounting requirements of the Charities Act rmation needed for a proper understanding of the accounts to be reached. Independent examlner, statement I have completed my exa and, in connection with f found no matters that req Ination and have no concerns In respect ot the matters111 to141 listed above lowing the Directions of the Charrty Commission for Northern Ireland, I have ire drawing to your attention. Name.. Rowan Mcmahon Professional Qualificatio Address.. 109 Church Str Date.. 4 December 2023 Certified Public Accountant et, Portadown, Co Armagh, BT62 3DB All Set Cross Cultura Profit and Loss Acco for the year ended 31 Project March 2023 2023 2022 Income 73,454 67,548 Direct Costs (54,676) (36,455) Gross Surplus 18,778 Administrative expenses (16,584) (17,4571 Operatlng Surplus 2,194 Interest receivable Surplus for the flnancla 15 13,651 year 2,194 All Set Cross Cultura Registered number: Balance Sheet as at 31 March 2023 Project 102212 Notes 2023 2022 Fixed assets Tangible assets 38,743 38,743 Current assets Debtors Cash at bank and in han 4,559 29,955 34,514 43,414 43,414 Creditors: amounts fall. wlthln one yaar gdue (9,9071 (3,2011 Net current assets 33,507 31,313 Net assets 72,250 70,056 Capital and reserves Reserve account 72,250 70,056 Reserves 72,250 70,056 Dorothy McGarrity Trustee l Treasurer Approved by the board o All Set Cross Cultural P Notes to the Accounts for the year ended 31 M oject rch 2023 1 Accounting policies Basis of preparation The accounts have bee FRS 102, The Financia applied lo small entities prepared under the historical cost convention and in accordance wth Reporting Standard applicable in the UK and Republic of Ireland {as y section 1A of the standard}. Tumover Turnover is measured at and value added taxes. rendering of seNices. T and rewards of ownershi of services is recognise completion of a contract to the total estimated ¢0 the fair value of the consideration received or recetvable, net of discounts urnover includes revenue earned from the sale of goods and from Ihe rnover from the sale of goods is recognised when the significant risks of the goods have transferred to the buyer. Turnover from the rendering by reference to the stage of completion of the contract. The stage of is measured by comparing the costs incurred for work performed to date tract costs. Intangible fixed assets Intangible fixed assets 8 impairment losses. e measured at cost less accumulative amortisation and any accumulative Tanglble flxed assets Tangible fixed assets ar impaimient losses. Dep at rates calculated to wri expected useful life, as f measured at cost less accumulative depreciation and any accumulative ciation is provided on all tangible fixed assets, other than freehold land, e off the cost, less estimated residual value, of each asset evenly over its Ilows.. Freehold buildings Leasehold land and buil Plant and machinery Fixtures, fittings, tools a over 50 years over the lease term over 5 years over 5 years ings d 8quipment Investments Investments in subsidi accumulated impairme investments are measu case they are measure are included in the profit ries, associates and joint ventures are measured at cost less any t losses. Listed investments are measured at fair value. Unlisted d at fair value unless the value cannot be measured reliably, in which at cost less any accumulated impairment losses. Changes in fair value nd loss account. Stocks Stocks are measured at sell. Cost is determined recognised as an expen the lower of cost and estimated selling price less costs to complete and using the first in first out method. The carrying amount of stock sold is e in the period in which the related revenue is recognised. Debtors Short term debtors are impaimient losses for recognised at transacti amortised cost detenmin and doubtful debts. easured at transaction price (which is usualty the invoice price), less any ad and doubtful debts. Loans and other financial assets are initially price including any transaction costs and subsequently measured at using the effective interest method, less any impainnent losses for bad All Set Cross Cultural P Notes to the Accounts for the year ended 31 oject rch 2023 Credltors Short term creditors are and other financial liabili and subsequently meas measured at transaction price (which is Usual￿ the invoice price). Loans es are initially recognised at transaction price net of any transaction costs red at amortised cost determined using the effective interest method. raxation A current tax liability is r periods. A currenl tax recover tax paid in a pre between the recognition tax assessments. Unreli extent that it is probable other future taxable prof enacted or subslanlivel reversal of the timing di rate Ihat applies to the s not discounted. cognised for the tax payable on the taxable profit of the current and past set is recognised in respect of a tax loss that can be carried back to ious period. Deferred tax is recognised in respect of all timing differences f income and expenses in the financial statements and their inclusion in ved tax losses and other deferred tax assets are recognised only to the hat they will be recovered against the reversal of deferred tax liabilities or s. Deferred tax is measured using the tax rates and laws that have been enacted by the reporting date and that are expected to apply to Ihe erence, except for revalued land and investment property where the tax le of the asset is used. Current and deferred tax assets and liabilities are Provlslons Provisions (ie liabilities at the reporting date a transferred to settl& the f uncertain timing or amount) are recognised when there is an obligation a resull of a pasl event, it is probable that economic benefit will be bligation and the amount of the obligation can be estimated reliably. Forelgn curnncy trans Transactions in foreign of the transaction. At t translated at the closin cost are translated at th profil or loss. atlon rrencies are initially recognised at the rate of exchange ruling at the date e end of each reporting period foreign currency monetary items ar8 rate of exchange. Non-monetary items that are measured al historical rate ruling at the date of Ihe Iransaction. All differences are charged to Leased assets A lease is classified a incidenlal to ownership. obligations under financ to the fair value of th payments. Minimum le reduction in the outstan allocated to each period the remaining balance company's policy for tan obtained at the end of I and its useful life. Opera over the lease term. a finance lease if it transfers substantially all the risks and rewards 11 other leases are classrfied as operating leases. The rights of use and leases are Initial￿ recognised as assets and liabilities at amounls equal leased assets or, if lower, the p￿sent value of the minimum lease se payments are apportioned be￿en the finance charge and the ing liability using the effective interest rate method. The finance charge is during the lease so as to produce a constant periodic rate of interest on f the liability. Leased assets are depreciated in accordance with the ible fixed assets. If there is no reasonable certainty that ownership will be e lease term, the asset is depreciated over the lower of the lease term ing lease payments are recognised as an expense on a straight line basis Pensions Contributions lo defined ontribution plans are expensed in the period to which they relate. All Set Cross Cultural P Notes to the Accounts for the year ended 31 M oject rch 2023 2 Tangible fixed assets Plant and machinery etc Cost At 1 April 2022 At 31 March 2023 38,743 38,743 Depreciation At 31 March 2023 Net book value At 31 March 2023 38,743 At 31 March 2022 38,743 3 Debtors 2023 2022 Trade debtors 4.559 4 Credltors: amounts fal Ing due wlthln one year 2023 2022 Trade credito Other creditors 9,908 (1) 9,907 3,200 3,201 5 Other Informatlon All Set Cross Cuhural Pr ject is a Charity Registered in Northern Ireland. Ils registered office is: 38 Milltown Lane Birches Portadown Co Armagh BT62 1 TB All Set Cross Cultural P Detailed profit and loss for the year ended 31 M This schgdule does not fom7 oject ccount rch 2023 art of the statutory accounts 2023 2022 Income 73,454 67,548 Costs 154,676) (36,455) Gross Surplus 18,778 31,093 Administrative expenses (16,584) (17,457) Operatlng Surplug 2,194 Interest receivable 15 Surplus 2,194 13,851 All Set Cross Cultural P Detailed profit and loss for the year ended 31 M This schedule does not fom7 oject ccount rch 2023 art of the statutory accounts 2023 2022 Income Income 73,454 67,548 Direct Costs Purchases Direct labour 54,676 54,676 36,401 36,455 Administrative expenses Employee costs.. Wages and salaries Staff training and welfare 7,489 7,488 330 7,818 7,489 Premises costs.. Rent Light and heat 7,011 {1,9061 5,105 2,000 2,495 4,495 General administrative expe Telephone and fax Stationery and printing Subscriptions Bank charges Insurance Repairs and maintenanc Sundry expenses ses.. 507 186 29 136 620 675 683 2,836 23 25 36 592 569 1,246 Legal and professional cost Accountancy fees Consultancy fees Advertising and PR 834 816 2.695 387 3,898 320 1,154 16,584 17,457 All Set Cross Cultural Project Profit And Loss Account - Income nalysls For the year ended 31 March 202 2023 Income Arts Council Arts Council Community Council Fun ESME Mitch Fast Trad En Halifax Foun Miscellaneo STEPS ottery Fund - Restricted Funding ural Engagement- Restricted Funding oundation ing - Restricted Funding 11 Fund olments ation - Restricted Funding 33,192.00 8,982.00 2,000.00 642.00 2,000.00 22,143.00 4,094.00 250.00 150.00 Total Incom 73,453.00 All Set Cross Cultural Project Profit And Loss Account - Expens Analysis For the year ended 31 March 202 2023 Expenses Accountan Advertising Artist Fees- Artist Fees - Artist Fees Artists Fees Bank charge ESME Mitch Instruments Insurance Light and Manager Fe Rent stationery Subscription Sundry Telephone a Wages and Workshops fees ndPR ommunity Foundation Rural Grant Programme ational Lottery Fund FastTrad 834.00 320.00 2,000.00 4,040.00 9,981.00 18,045.00 136.00 2,030.00 675.00 620.00 1,906.00 18,579.00 3,131.00 186.00 29.00 683.00 507.00 7,489.00 3,880.00 11 Trust eat d printing dfax alarles Total Expen es 71,259.00 Substantial electrlc. v refund In 2022 / 2023 year