HMRC Chari istration No. XT34362 Nl Charit Commission Re istration No. 102779 StEu ene's Brass and Reed Band Annual Re ort and Financial Statements For the ear ended 31 March 2023
StEu ene's Brass and Reed Band Contents Pa Contents Trustees and advisors Trustees, Annual Report Independent examiners, report statement of Financial Activities (includin9 income and expenditure account) Statement of Financial Position Notes to the Financial Statements Tho followlng pag88 do not forni part of the flnanclal statements Detailed statement of financial activities 14
StEu ene's Brass and Reed Band Trustees and advisors Trustees Patrick O'Kane Hazel Richards Michael Reynolds Bill Dunne John Boyle Ron Moore Independent Examlner Aaron Coyle (ACA) Tyrone Accountancy Services Ltd Chartered Accountants 8110 Church Street Omagh Co Tyrone BT78 1DG Bankers AIB (NI) 24 East Bridge Street Enniskillen Co Fermanagh BT74 7BT Place of business Old Culmore School Tamlaght Road Omagh Co Tyrone
StEu ene's Brass and Reed Band Trustees, Annual Re ort for the year ended 31 March 2023 We, the trustees of St Eugene's Brass and Reed Band, present our report below. The Financial Statements for the year ended 31 March 2023 follow on page 7, and they are preceded by the Report of the Independent Examiner. Structure, governance and management St Eugene's Brass and Reed Band is a Northern Ireland based charity and is registered with the Charity Commission for Northern Ireland. The registration number is 102779.The charity is also registered with HM Revenue & Customs. The HMRC Charities reference is XT34362. The principal place of business for the charity is Old Culmore School, Tamlaght Road, Omagh. The charity was established under a Constitution which details the objects and powers of the charity. The charity is managed by a Committee that are elected by the members at the AGM. The Committee shall consist of a Chairperson, Secretary, and Treasurer and not less than three, or not more than five other members. No position on the Committee shall be held by any one person for more than 3 consecutive years except in exceptional circumstances by agreement of a majority of the members in attendance at the Annual General Meeting. OBJECTIVES AND ACTIVITIES Charltable Purposes The purpose of St Eugene's Band, Omagh shall be to advance an awareness, understanding and appreciation of music for all of those interested within the local community by'.- a) actual participation within the band in the playing of a musical instrument. b) offering those who are interested in becoming playing members the opportunity of learning to play a musical instrument through learner classes, where these can be shown to be viable. c) offering those who do not wish to become learners or playing members the opportunity to become associate non-playing members of the band and in so doing create a greater awareness of music in general. d) undertaking concerts and providing musical entertainment on behalf of charities, councils, local communities and public bodies. How the charity works We undertake public performances at many community events. We visit local schools to introduce children to music and musical instruments. We provide music to a large number of religious congregations at their events and ceremonies. We play music to patients at many local nursing homes to create well being.
StEu ene's Brass and Reed Band Trustees, Annual Re ort Public Benefit statement The benefit that flows from this purpose is the promotion of enjoyment, better understanding and general advancement of the arts and sciences, in particular the art and science of music for the benefit of band members and the general public in Northern Ireland and further abroad through touring, through exposure and participation in the arts and science of music, whether as audience members or physical participants. These benefits are evidenGed through coverage by local press, by acknowledgements of performances at charitable functions, by photo and video documentation, website and Facebook recording and regular reporting of charitable activities and financial performance in annual reports and financial accounts. There is no history of harm throughout our 130 plus year history. However strong steps are in place to avoid any possibility through strict adherence to our Child Protection Policy, our Health and Safety Policy and our Code of Conduct for all members. We also have in place Public Liability I nsurance. The charity's beneficiaries are its playing members and the general public in Northern Ireland and occasionally outside Northern Ireland through touring and concerts. Taxatlon Status The organisation is a registered charity, and we have therefore claimed exemption from tax. Achievements and performance We are progressing on our objectives and targets and believe our work is providing a great benefit to the local community especially in the wake of the Covid-19 pandemic and the current economic downturn. The band was able to resume concerts and shows as Covid-19 restrictions eased. Work also resumed on the upkeep and maintenance of the hall which included fencing to the premises and painting of the building. Flnanclal revlew The charity had resumed relatively normal activities and saw an increase in both income and expenditure in the year ended 31 March 2023. This increase in income allowed the band to carry out repair work to the premises without dipping into reserves. The net assets remained relatively stable at £89,004. The trustees believe the charity is in a strong financial position. We are confident its reserves are of a sufficient level to be able to continue the activities of the charity and to serve its beneficiaries for many years to come. The unrestricted reserves are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Finance reserves are set aside to protect the charity against drops in income. The balance in the charity's bank accounts at the balance sheet date is £16,847.
StEu ene's Brass and Reed Band Trustees, Annual Re ort Independent Examiner At the annual general meeting it was proposed that Tyrone Accountancy Services Ltd would be re-elected as independent examiners for the incoming year. Trustees The trustees of the organisation during the financial period and the period up to the date of the approval of these financial statements were.. Patrick O'Kane Hazel Richards Michael Reynolds Bill Dunne John Boyle Ron Moore Statement of Trustees, Responslblllties The trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations. The trustees are required to prepare financial statements for each financial year. In preparing the financial statements, the trustees are required to'.- select suitable accounting policies and then apply them consistently; make judgements and estimates that are reasonable and prudent.. and prepare the financial statements on a going concern basis unless it is inappropriate to presume that the organisation will continue in business. The trustees are responsible for keeping proper accounting records that disclose, with reasonable accuracy at any time, the financial position of the organisation and that enable them to ensure that the financial statements comply with the requirements of The Regulator for Charities in Norther Ireland. They are also responsible to safeguarding the assets of the organisation and hence taking reasonable steps for the presentation and detection of fraud and other irregularities. statement of Trustees, Confirmations In the case of each of the persons who are trustees at the time when the report is approved, the following applies: a) so far as each trustee is aware, there is no relevant information of which the charity's independent examiner is unaware; and b) each trustee has taken all the steps that he or she ought to have taken as a trustee in order to make himself or herself aware of any relevant information and to establish that the organisation's independent examiner is aware of the information. Patrick Arthur Rainey (treasurer) 8 March 2024
StEu ene's Brass and Reed Band Inde endent Examiner's Re orttoStEu ene's Brass and Reed Band We report on the accounts of the charity for the year ended 31 March 2023, which are set out on pages 7 and 8. Respective responsibllities of the charity trustees and examiner As the charity's trustees you are responsible for Ihe preparation of the accounts in accordance with Charities Act {Northern Ireland) 2008. It is our responsibility to.. examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008 follow the procedures laid down in the general Directions given by the Charity commission for Northern Ireland under section 65(9)Ib) of the Charities Act (Northern Ireland) 2008 state whether particular matters have come to my attention. Basls of Independent examlner's report We have examined your charity accounts as required under section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65191{b) of the Charities Act. Our 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. Our role is to state whether any material matters have come to our attention giving us cause to believe.. 1. That accounting records were not kept in accordance with section 63 of the charities Act 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirements of the Charities Act 4.That there is further information needed for proper understanding of the accounts to be reached. Independent examlner's statement We have completed our examination and have no concerns in respect of the matters (11 to {4) above and, in connection with following the Directions of the charity commission for Northern Ireland, we have found no matters that require drawing to your attention. Aaron Coyle ACA On behalf of.. Tyrone Accountancy SeNices Ltd Chartered Accountants 8-10 Church Street Omagh Co Tyrone BT78 1 DG 8 March 2024
StEu one's Brass and Reod Ban Statement of financial activities includin forth ear end d 31 March 202 Incom an ex nditure ac oun 22 No 2023 Unrestrioted fund 202 Restrictod funds 2023 Tots fund Ifun Income Donations and legacies Other trading activities Investment income Totsl Income 7.870 5,236 9.955 4.926 10,162 9,955 20,117 7,876 4.920 Expendbturn Expenditure on charitable activities 6,588 20,068 7,216 13.480 49 660 No inc itu 1.711 1,662 en 1.662 1,662 660 In f 49 49 Ro¢onclll•tlon of fund8 Total funds brought forward 88,295 88,955 88,955 88.9S5 89,004 All of the activitie8 of th8 charity are classed as continuing. The Staloment of Financial Activities includes all gain8 and losses reco9ni$ed during the year. The notes on pages 9 10 13 form an integral part of the financi81 slatemenls.
StEu ene's Brass and Reed Band Statement of finafbcial osition as at 31 March 2023 Notes 2023 2022 Fixed assets Tangible assets 71,218 71,218 74,326 74,326 Current assets Debtors Cash at bank and in hand 3,276 16,847 20,123 2,220 13,009 15,229 Credltors: amounts falllng due withln one year {2,337) (6001 Net current asset8 17,786 14,629 Total assets108s current liabllitles 89,004 88,955 Net assets 89,004 88,955 Fund8 of the charlty Unrestricted funds Restricted funds Total charlty funds 89,004 88,955 10 89,004 88,955 Signed for on behalf of the board of trustees., Patrick O, Trustee 8 March 2024 Arthur Rainey (treasurer Treasurer 8 March 2024
StEu ene's Brass and Reed Band Notes to the Accounts for the ear ended 31 March 2023 1 Accountin olicies Basis of proparation The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction values unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) effective 1 January 2015 Charities SORP (FRS 102) and the Charities Act (Northern Ireland) 2008. The currency used for the reporting of these financial statements is Sterling 1£). Golng concem There are no material uncertainties about the charities ability to continue. Fund accountlng Unrestricted funds are 8vailable for use at the discretion of the trustees to further any of the charity's purposes. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of sub-classes.. restricted income funds or endowment funds. Income All incoming resources are included in the statement of financial activities when the charitable company is entitled to the income and the amount can be quantified with reasonable accuracy. Incoming resources includes all voluntary and fundraising income from charitable activities. Voluntary income received by way of donations and gifts to the charity is included in full in the Statement of Financial Activates when receivable. This includes members, donations. Fundraising income is credited to incoming resources when received. If the income relates to a particular event happening after the financial year end it is deferred. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes VAT, and is classified under the heading of 'expenditure on charitsble activities,. This includes all costs incurred by the charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. Disclosure exemptions The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the disclosure exemption available under paragraph 1.12 of FRS 102 which allows no cash flow statement to be presented for the charity.
Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. No judgements that management has made in the process of applying the entity's accounting policies have a significant effect on the amounts recognised in the financial statements. Grant Income Capitsl grants received and receivable are treated as deferred income and amortised to the profit and loss account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the profit and loss account when received. 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.. Hall equipment Leased premises improvements 100/0 Straight line 5% straight line No depreciation has been charged on musical instruments. 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. Taxatlon St Eugene's Brass and Reed Band is a registered charity and, as such, is entitled to certain tax exemptions on income and profits from investments and surpluses on any trading activities carried on in furtherance of the charity's primary objeclives, if these profits and surpluses are applied solely for charitable purposes. Flnancial instruments Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments are equivalent to a similar debt inslrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. 2 Em lo 2023 Number 2022 Number Average number of persons employed by the company No trustees have been paid any remuneration or received any other benefits from the charity. No trustee expenses have been incurred. 10
3 Donations and le acies 2023 2022 Unrestricted funds Donations Membership donations Grants income 490 4,320 426 5,236 150 2,230 5,490 7,870 Restrlcted funds Donations Grants income.. Painting Collins design 3,276 1,650 4,926 Total Income from donatlons and legacies 10,162 7,870 4 Other tradln actlvitles 2023 2022 Unrestrlcted funds Concerts I performances Auction Sale of instruments 5,071 2,634 2,250 9,955 Restrlcted funds Total Income from other trading actlvltle8 9,955 5 Ex enditure on charltable actlvlties b fund t 2023 2022 Unrestrlcted funds Charitable activities.. support costs Accountancy services Independent examination services 12,880 300 300 13,480 6,616 300 300 7,216 Restrlcted funds Painting Collins design 4,368 2,220 6,588 Total resources expended 20,068 7,216 No related party transactions have took place during the year. 11
6 Tan ible fixed assets Leased premises Musical improvements Instruments Hall Equipment Total Cost At 1 April 2022 Additions Disposals At 31 March 2023 34,249 37,678 1,046 9,019 80,946 1,046 12,200) 79,792 (2,200) 6,819 34,249 38,724 Depreclation At 1 April 2022 Charge for the year On disposals At 31 March 2023 3,424 1,712 3,196 682 14401 3,438 6,620 2,394 {440) 8,574 5,136 Net book value At 31 March 2023 29,113 38,724 3,381 71,218 At 31 March 2022 30,825 37,678 5,823 74,326 7 Debtor8 2023 2022 Other debtors 3,276 3,276 2,220 2,220 8 Credltorn: amounts fallln due wlthln one ear 2023 2022 Trade creditors and accruals 2,337 2,337 600 600 The trustees confirmed no temporary loans were outstanding at the year end. 9 Anal $18 of charltable fund8 2023 2022 Unrestricted funds At 1 April 2022 IncomellExpenditure} Transfers (to)Ifrom funds At 31 March 2023 88,955 1,711 {1,662) 89,004 88,295 660 88,955 Restrlcted funds At 1 April 2022 Incomel{Expenditure) Transfers {to)Ifrom funds At 31 March 2023 11,6621 1,662 A transfer of restricted funds to unrestricted funds has been agreed with the Trustees. This is broke down as follows.. Collins design expenditure in excess of grant received Painting to premises expenditure in excess of grant received 1570) 11,092) 1,662 12
10 Anal sis of net assets between funds 2023 2022 Unrestricted funds Tangible fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year Net Assets 71,218 20,123 (2,337) 74,326 15,229 (600} 89,004 88,955 Restrlcted funds Tangible fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year Net Assets 11 Other Information St Eugene's Brass and Reed Band is a public benefit entity and a registered charity in Northern Ireland. Its place of business is.. Old Culmore School Tamlaght Road Omagh Co Tyrone 13
StEu ene'$ Brass and Reed Band Detailed statement of financial activitios for the ear ended 31 March 2023 2023 Unrestricted funds 2023 R8StriGted funds 2023 Total nds 2022 Total funds 7,876 Income 15,191 4,926 20,117 Expenditure on charitable activltigs Premises costs Administrative expenses Legal and professional costs 1,775 15,473 2,820 20,068 1,475 5,141 600 7,216 1,775 11,105 600 13,480 4,368 2,220 49 660 N t Incomel endlt re for th 1,662 14
StEu ene's Brass and Reed Band Detailed statement of financial activities for the ear ended 31 March 2023 Unr8strlcted funds 2023 Restricted funds 2023 Total funds Total funds 2023 2022 Income Donations Membership donations Grants receivable Concerts I performances Auction Sale of instruments Bank interest 490 4,320 426 5,071 2,634 2,250 490 4,320 5,352 5,071 2,634 2,250 150 2,230 5,490 4,926 15,191 4,926 20,117 7,876 Expandlture on charitabl• actlvites Premises costs.. Light and heat Cleaning Water rates 1,245 343 187 1,775 1,245 343 187 1,775 1,287 188 1,475 General administrative expenses.. Bank charges Insurance Website maintenance Repairs and maintenance Sundry Travel and accomodation Depreciation Profit on sale of fixed assets 15 973 72 7,156 289 396 2,394 11901 11,105 15 973 72 11,524 289 396 2,394 (190) 15,473 151 1,063 4,368 1,314 2,613 4,368 5,141 Legal and professional costs. Accountancy fees Independent examination services Other legal and professional 300 300 300 300 2,220 2,820 300 300 2,220 2,220 600 600 13,480 6,588 20,068 7,216 15