Nl 21430 The Arm h RhTr'mers Educational & Cultural Or anisation Audited Abrid ed Accounts For The Yeiir Ende(131 March 2023 N121430 The Arma hRh mers Educational & Cultural Or anisation Com an 's Princi als for the Year Ended 31 March 2023 Company Registration Number Nl 21430 Charity Number 102997 Registered Office Aonach Mhacha, 74-76 Upper Engylish Street, Arniagh, Co Am)agyh. BT617LG Directors & Trustees Anne rt John MLAI l ister BriLyid MLGibbon Mary. MLirphy Noeleen Mone Secreta ry Anne Hart Bank Dansk'e Bank 78 ScolLh Street Armagih BT617DU Registered Auditors Flynn & Company ALLOLinlanls Limited Chartered Alcoiintants 28 Carleton Street Portadoiwn Co Arniagh BT62 3EP N121430 The Arma hRh mers Educational & Cultural Or anisation Contents eNo. Report of the Independent Auditor Abridged Balance Sheet Noles lo the FinanLial Statements Nl 21430 The Arma hRh 'mers Educational & Cultural Or anisation Report of the independent auditor to the Members of The Armagh Rhymers Educational & Cultural Organisation We have audited the tinanLial statements of The Armagh Rhj'mers Educational & Ciiltural Organisation t.or the y¢ar ended 31 MarLh 20?3 Il'hich comprise of. the statement of finanLial aLtivilies, income and expenditure aLLounl, balanLe sheet, aL¢ounting policies and notes I to 3. These finanLial statemenls have been pr¢p¢?red Linder the aLLoLinting policies set OLII therein. This report is made solel). to the company metnbers, as a body, in aLLordanLe ivith Seclion 495 ot" the Coinpcinies Act ?006. Our clLidil Ilork has been Lindertaken so that li'e mig,hi Slate lo the company menibers those mailers ive are reqLiir¢d to stale to them in aiiditors report and for no other purpose. To the tiillest extent pemiitled b), la1￿., Ive do not acLepi or assume responsibilil), to an)one other ihan the Conipany and the compan) s members as a body, for our audit ￿ork. for this report, or t.or the opinions ive have forn)ed. Respective responsibilities of the directors an(1 audilors 'l-he responsibi l ilies ot. tlie direLtors lor prepic ring7 the tinaiiLial sialements in accordance with appl icable laii, and United Kingyd()m Accounting Standards (United kingldoiii Generally ALLepted Accounting Pra¢tiLe) are set OLIt in the Statement of. Responsibilities ot the Di reLtors. Olir responsibilit>, is 10 aLi£lil thl fin1ncial 5t¢2tements in aLcDrd1L nce ii'iih the relevant legyal and reg7Lilatory reciiii reiiients and I nternational Standards on Auditi ng, (Uk and Ireland). We report to you our opinion as t() iihether the finanLial siatements give a true and t.air view and are properl J. prepc2re£l in aLLordanLe ith the Comp¢lnies Alt ?006 and Charities Act (NI) 2008, and lvheiher th¢ intornialion byiven in th¢ directors, report is Lonsisienl ivith the tinancial statement5. In addition ive also report to J'ou if, in our opinion, the conipanj. has not kept proper accounlingF reLords, if have not received all the infonnation and explanalions Ive reqiiire for Olir audit, or it" intormation speci tied bj. laiv regFardingv direLtors' remuneration and oiher transactions is not disclosed. We read other infonnation contained in the directors report and Consider ivhether it is Lonsistenl lviih the aLidiCed tinanLial statements. We Lonsider the implicalions t.or our report it ive beLome aiv1c re ot. any apparent misstatements or material inconsistencies Kvith the financial statements. Our responsibi lities do nol exlend to any other int"ormation. Bisis offfjqudil opinion We LondLILted oiir audit in accordance ivith International Standards on Auditing (UK & Ireland) iSSLied by Ihe Auditing, PraLIIL¢S Board. An aLidil includes examination: on a lesi basis ot" evidence relevant to the amolinis and disLlosures in the financial statemenls. It also includes an assessment ot" the signiticant estini£ltes and judg7ements made in the preparation of the finanLial statements, and ot. Ivheiher the aiLOLinlini ¥ policies are appropriate to th¢ com pany s LirLumstanc¢s: Lonsislentl), applied and adequately di sclosed. Nl 21430 The Arma hRh mers Educational & Cultural Or anisation .Lontiniied We planned and perfomed our audit so as to obtain all the infomation and explanations which we consider necessary in order to provide us ii'ith sufticient evidence to give reasonable assurance thal the financiL?I statements are t.ree froin material misstatement, ii'hether Laused by fraud or other irregyularitj. or error. In t"orniingy OLir opinion ive also evalLiat¢d the overal l adequacj. of the presentation of information in the f i nancial staieinenls. Opinion In our opinion: the tinancial statements gi ve a true and tair wieii., in accordance ivith Unileil KingTdom Generally AcLepied AccoiinlingF Practice, of the slate of affairs of the Lhc1rity as al 31 March 20? 3 and of, its inLomingF resources and c1pplication of resources tor ihe J'ear then ended. the financi1( I statements have been properl J. prepL1red in accord¢1nce iwith the Finl¢ nLial Reporting Stc2ndard £lppIiLable in ihe Uli and Repiiblil ot- Ireland (FRSIO?), Charities SORP (FRS102) Companies ALI 2006 cind Charities ALt (NI) 2008. The infoniiatioll g7iven in the DireLtors' Report is consistent ii'ith the tinancial statements for the Jear ended 31 March 2023. Conclusion relating io going concern We have nothing? lo report in respeLI of the t.ol loiving7 matters in relation io ivhich the ISAS { UK) require us lo report lo here.. The triistees, use of gyoingy Loncem basis ot acLounlingF in the preparation ot" the accounts is not appropriate, or Trustees have not disLlosed in the aLcounls anj identified material Lincertainlies that ma>. cast sigynif iLanl LIoLibi aboiii ihe TrLisI's abilit). to continiie to ad()pt the gjoi ngi LonLern basis of ,ICLountingF tor a period ot" at least tiwelve months t.rom the date w hen the acLounts are authorised lor issue. Opinion on other matters prescribed b). the Companies Act 2006 In our opinion the int.ormalion giiven in ihe Trustees, Report t.or the finiL nLial J'ear t.or whilh the tinanLial slalements are prepared is Lonsistent ivith the tinancial statements. Matters on Ivhich we are required to report by eiception We have noihingF to report in respect of the folloiw ingy matters ivhere Companies Act 2006 reqLiires us lo reporl to you it", in our opinion: AdeqLiate accoiintingy records have not been kept: or returns adequate for our audit have not been received t.rom branLhes not visited b}. LIS; or The finanLial statements are not in agreement NN'ith the acLoLinting records or retums; or Certain disclosures of director's remuneration specified bj. laiv have not been made. or We have not received all the infom]ation and explanations reqiiired for our audit. or NI 21430 The Arma hRh mers Edueational & Cultural O anisation .continued The directors are entitled to prepare the f￿ancIal statements and the trustee's report in accordance with the small companies regime. The inforn]ation given in the trustees, report is consistent with the financial statements. Kieran M¢Geo Senior Statutory Auditor For and on behalf of (FCA) Flynn & Company Accountants Limited Chartered Accountants & Registered Auditors 28 Carleton Street Portadown Co Armagb BT62 3EP IS December 2023 N121430 The Arma hRh mers Eduiation81 & Cultural Or anisation Abrid ed Balance Sheet At 31 March 2023 Notes 2023 2022 Fixed Assets Tangiible Assets 5,432 5,389 Current Assets Stock ot"gFoods Debtors Cash al Bank 6,276 16,?99 54,091 9,142 68,944 76,666 90,245 Cre(litors: Amounts Falling Due within One Year {S,287) (3,090) Nel Current Assets 71,379 87,155 Net Assets £76,811 £92,$44 Capital #nd Reserves C£lPltal Reserve Revenue Reserve 2,$00 74,311 2,500 90,044 Shareholders, Funds £76,811 £92,544 Th¢se accounts have been prepar¢d and deli vered in accordance ii'iih the provisions appl icable to companies subject to the snial I companies reg?ime. These acuounts have been prepared in aLLordance I￿lIh seition 444 ot" the Companie5 Act 2006, the abridgFed statement of income and retained eamingis has not been del ivered. These financial st1( lements ivere approved by the members ot the committee on 15 December 2023 and are 5ig7ned on their beh1( I t": Anne Hart Director Nl 21430 The Arma hRh mers Educational & Cultural Or anisation Notes to abrid ed financial statements for the ear ended 31 March 2023 l. Aceountin Policies Basis of Accounting The FinanLial Statements have been prepared in Accordance Kvith AccoLintingy and Reporting by Charities.. Statement ot reLorTimended praLtILe appliLable to charities preparing their accounts in acLordcinL¢ with Ihe FinanLial Reporting Standard for Smaller Entities (effective January. 2015) and the Conipanies Act 2006. Cash Flow Statement The directors have taken the advantagye ot the exemption in the Financial Reporting Standard No. I (revised) from including a cash flo￿ statement in the financial Statements on the gJroLinds that the cornpanj. is small. Fixed Assets All fixed assets are recorded at cost, less capital byranls received in respect of the fi.xed assets. Depreciation is Lhar&yed al the rates detailed in the depreciation note below. Fixed assets are then stated at net book value. Depreciation Depreciation is calLLilaled so as to ivrite ol. the Lost of an asset, less ils estimated residual valiie, over the usetiil eLonom ic li fe of ihai asset as tolloii: Musical Equipment Ot'tice Equipiiienl Website 15 % RediiLinby B1( lance 15 % Reducing? BalanLe Stock StoLk is reLorded ai the loiver ot cost and net realisable value, Income Income is recogJniz¢d and inLIuLled in the accoiints when the folloii ing criteria is met: The charit), has entiilement to the inLome; Any perlomanL¢ Londitions attaLlied 10 ihe income have been met or are fully within the Lontrol ot the Lharitj.: There is sutlicient certainty that receipt of the income is considered probable and the amoLint can be measiired reliably. Capital Grants Grants in respect of. revenue are credited to the profit and Ioss accoiint over the period to ivhich they relate. Capital grants are reLorded agai nsl the cost of the asset at the time of purchase. Therefore, Ihe net cost ot-the asset is incliided in the balanLe sheet and nei depreciation is included in the profit aiid loss account. Legal Status ofcompany The company is limited by guarantee and has no share capital. Nl 21430 The Arma h Rhvmers Educational & Cultural Or anisation Notes to abrid ed financial slatements Tun ible fixed assets Musical Equipment Office Equipment Website Total Cost At l April 2022 Additions Disposals 576 11,138 15,359 1,00? 27,073 1,002 At 31 MarLh 2023 £576 £11,138 £16,361 £28.075 reciation At l April 2022 CharLFe tor the year Eliminated on disposal 159 63 10,736 60 10,789 836 21.684 959 At 31 March 2023 £222 £10,796 £11,625 £?2,643 Net book value At 31 MarLh ?023 £354 £342 £4,736 £5,432 At 31 March 2022 £417 £40? £4,570 £5.389 Debtors 2023 2022 Trade Debiors Grants ReLeivable 10.800 5,499 5,835 6,324 £16,299 £12,159 Creditors: Amounts fallin due w'ithin one 2023 2022 Trade Creditors PAYE Pensioii A¢¢ruals 700 2,819 123 1.645 1,445 1,645 5,287 £3,090