2025-04-05-accounts

|

|

All Set Cross cultural Project

Adoption of Annual Accounts Year ending 31st March 2025

,

Accounts accepted by Management Board on

8th Nov. 2025

Signed: Connor Moore (Chair)

Signed: Jen Shiels (Treasurer)

Registered Charity Number 102212

All Set Cross Cultural Project

Report and Accounts

|

31 March 2025

All Set Cross Cultural Project Report and accounts Contents

----- Start of picture text -----
||||| |---|---|---|---| |Page| |Trusteess'|report|4| |Independent|Examiners|Report|2| |Profit|and|loss account|3| |Balance|sheet|4| |Notes|to the accounts|5-9|

----- End of picture text -----

All Set Cross Cultural Project

Registered Charity Number: 102212 Trusteess' Report

The trustees present their report and accounts for the year ended 31 March 2025.

Principal activities

The principal activity during the year continued to be the advancement of education, understanding and appreciation of Irish and Scottish traditional music and dance among people of all ages but particularly the young in Northern Ireland ( hereafter called the “area of benefit") by: Organising workshops,classes and public performances to provide access to and promote interest and ' participation in traditional Irish and Scottish music and dance for all sections of the community in the area of benefit. i

Trustees

The following persons served as board members and trustees during the year:

List of Office Bearers & Board Members Chair - Connor Moore Secretary - Naoimi Allen Treasurer - Dorothy McGarrity

Board Members Ashley Farrell Siobhan Quinn Allin Litter Danielie McKernan : Jen Shiels om This : : report was approved by the board on_ Res. 2095. and signed on its behalf.

Dorothy McGarrity _ Trustee / Treasurer

1

All Set Cross Cultural Project independent Examiner's Report

independent examiner’s report to the charity trustees of Ail Set Cross Cultural Project | report on the accounts of the Trust for the year ended 31 March 2025, which are set out on pages 3 to 9.

Respective responsibilities of charity trustees and examiner

As the charity's trustees you are responsible for the preparation of the accounts in accordance © with the Charities Act (Northern Ireland) 2008.

It is my responsibility to:

a) Examine the accounts under section 65 of the Charities Act

b) Follow the procedures laid down in the general Directions given by the Commission under section 65(9)(b) of the Charities Act

c) State whether particular matters have come to my attention.

----- Start of picture text -----
:
----- End of picture text -----

Basis of independent examiner's report

| have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.

My role is to state whether any material matters have come to my attention giving me cause to believe:

a) That accounting records were not kept in accordance with section 63 of the Charities Act b) That the accounts do not accord with those accounting records

c) That the accounts do not comply with the accounting requirements of the Charities Act d) That there is further information needed for a proper understanding of the accounts tobe reached.

Independent examiner's statement

----- Start of picture text -----
|
matters (1) to (4) listed
for Northern
: ah
----- End of picture text -----

| have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, | have found no matters that require drawing to your attention.

Name: Rowan McMahon

Professional Qualification: Certified Public Accountant Address: 109 Church Street, Portadown, Co Armagh, BT62 3DB Date: 29 August 2025

2

All Set Cross Cultural Project Profit and Loss Account for the year ended 31 March 2025

----- Start of picture text -----
||||| |---|---|---|---| |2025|2024| |£|£| |income|61,994|71,286| |Direct Costs|(47,277)|(59,929)| |—|—ae Fee| |Administrative expenses|(22,614)|(23,120)| |——|<r|aire| |Defecit for the financial year|(7,897)|(17|763)|

----- End of picture text -----

3

----- Start of picture text -----
All Set Cross Cultural Project
Registered number: 102212
Balance Sheet
as at 31 March 2025
Notes 2025 2024
Fixed assets £ £
Tangible assets 2 23,247 30,995
Current assets i
Debtors 3 4,747 4,662
Cash at bank and in hand 89,784
31,541 we 7,01831,678 |
Creditors: amounts falling due
within one year 4 (2,168) (2,186)
———— se ns a. coh
Net assets 52,590 60,487
Capital and reserves
Reserve account 52,590 60,487
Reserves 52,590 60,487
Dorothy McGarrity -
Trustee / Treasurer ‘Kw Hawn :
Approved by the boardon__ 8.™m =No0..29275S
----- End of picture text -----

4

----- Start of picture text -----
All Set Cross Cultural Project
Notes to the Accounts
for the year ended 31 March 2025
----- End of picture text -----

1 Accounting policies

Basis of preparation The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of lreland (as applied to smail entities by section 1A of the standard).

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

intangible fixed assets

Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

Tangible fixed assets

|

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Freehold buildings	over50 years
Leasehold land and buildings	overthe leaseterm
Plant and machinery	over 5 years
Fixtures,fittings,toolsandequipment	over5years

investments investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubiful debts.

5

All Set Cross Cultural Project Notes to the Accounts for the year ended 31 March 2025

Creditors ‘ Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of ail timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

—

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

Foreign currency transiation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Leased assets

A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense ona straight line basis over the lease term. :

Pensions

Contributions to defined contribution plans are expensed in the period to which they relate.

6

All Set Cross Cultural Project Notes to the Accounts for the year ended 31 March 2025

;

2 Tangible fixed assets

2	Tangible fixed assets
			Plant and
			machinery
			etc
			£
	Cost
	At 1 April 2024		38,743
	At 31 March 2025		38,743
	Depreciation
	At 1 April 2024		7,748
	Charge forthe year		ntFAB
	At 31 March 2025		15,496
	Net book value
	At 31 March 2025		23,247
	At 31 March 2024		30,995
3	Debtors	2025	2024
		£	£
	Trade debtors	1,747)	4,662
4	Creditors: amounts falling duewithin oneyear	2025	2024
		£	£
	Trade creditors	2,168	2,187
	Other creditors	a	eB *
		2,168	2,186

§ Other information

All Set Cross Culturai Project is a Charity Registered in Northern Ireland. Its registered office is:

38 Milltown Lane Birches Portadown Co Armagh BT62 1TB

7

All Set Cross Cultural Project Detailed profit and loss account for the year ended 31 March 2025 This schedule does not form part of the Statutory accounts

	2025	2024
	£	£
income	61,994	71,286
Costs	(47,277)	(59,929)
Giese Surplus	nae	tae]
Administrative expenses	(22,614)	(23,120)
Operating Defecit	(7,897)	(11,763)
Defecit	(7,897)	(11,763)	—

8

All Set Cross Cultural Project Detailed profit and loss account for the year ended 31 March 2025

This schedule does not form part of the statutory accounts

			2025		2024
			£		£
	Income
	Income		61,994		71,286
	Direct Costs
	Direct labour		47,277		53,539
	Other direct costs	_	-	_	6,390
			47,277	59,929
	Administrative expenses
.	Employee costs:
	Wages and salaries		7,488		7,267
	Travel and subsistence	coSAB
			7,806		7,267
	ee	I chica		ee	OO
	Rent	398200		8,932
	General administrative expenses:
	Telephone and fax		327		404
	Stationery and printing		253		638
	Subscriptions		686		418
	Bank charges		45		53
	Insurance		611		614
	Repairs and maintenance		598		1,161
	Depreciation	cnFAB 10,278		AB 11,033
	Legal and professional costs:
	Accountancyfees	co	ABBBB
		coe AB888
			22,614	23,120

9

All Set Cross Cultural Project

Profit And Loss Account Income Analysis

For the year ended 31 March 2025

2025

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |£|:| |Income|AB &C Council|1,422.00| |ACNI|General|Funding|1,525.00| |Arts Council|Lottery|Fund|-|Restricted|Funding|33,415.00| |ASDA Funding|500.00| |Christmas Session|215.00| |Community|Foundation|2,000.00| |Educational|Tours|493.00| |ESME|Mitchell|Fund|2,000.00| |Fast Trad|Enrolments|17,630.00| |Ni|Community|Funding|2.00| |Summer Scheme|Enrolments|1,811.00| |TADA|Performance|250.00| |Tap|instrument|Hire|160.00| |Total|income|61,423.00|

----- End of picture text -----

All Set Cross Cultural Project

Profit And Loss Account - Expenses Analysis

For the year ended 31 March 2025

				2625
			.
				£
Expenses		Accountancyfees		948.00
		Artist Fees -CGRF		172.00.
		ArtistFees -Community Project		600.00
		ArtistFees -Council HarpProgramme Artist Fees -Drop In Sessions		650.00 560.00
		Artist Fees - Rushmere Performance		290.00
		Artists Fees - FastTrad		20,368.00
		Bankcharges		45.00
		Depreciation		7,748.00.
		Instruments		598.00.
		Insurance		611.00.
		Manager Fees		17,985.00
		Rent		3,582.00		_
		Stationeryand printing		253.00
		Subscriptions		696.00
		SummerScheme		3,460.00
		Telephone and fax		327.00
		Traveland subsistence		318.00	©
	_	Wages and salaries		7,488.00	©
		Youth Trad Programme Fees	-	2,620.00	©
		TotalExpenses		69,319.00	_-