Nl 21430 The Arma hRh tners Edueational & Cultural Or anisation Directors Re ort and Financial Statements For The Year Ended 31 March 2024
Nt 21430 The Arma h Rhvmers Educational & Cultural Or anisation Com an 's Princi als for Ihe Year Ended 31 March 2024 Company Registration Number Nl 21430 Charity Number 102997 Registered Office Aonach Mhacha, 74-76 Upper English Street, Amiagph, Co Arniagh, BT617LG Directors & Trustees Anne Hart John MLAllister Brigiid McGibbon Mar>, Murphv Noeleen Mone Secretury Anne Hart Bank Danske Bank 78 Scotch Street B'f617DU Independent Examiner Flynn & Company ALLountants Limited Chartered Alcoiintants 28 Carleton Street Portadown Co Armagh BT62 3EP
Nl 21430 The Arma hRh mers Educational & Cultural Or anisation Contents eNo. Report ot" the Trustees Report of the Independent Examiner ALcountingy Policies Statement of the Financial ALtivities In¢ome and Expenditure Account Balance Sheet 10-1 I on-statuto Information Notes lo ihe FinanLial Statements 12- 15
Nl 21430 The Arma hRh mers Educational & Cultural O anisation Report of the Trustees The Trust¢¢s {Ivho also serve as Directors) present their report and the finanLial statements of the company for the year ended 31 March 2024. The Financial Statements comply with the Charities ALt (Northern Ireland) 2008, the Companies ALt 2006, the MemorandLim and Articles of Association. and Accountingy and Reporting by Charities.. Statement ot" Recommended PraeliLe appl icable to Lharilies preparingy their accounts in a¢Lordance ivith the tinancial reportingy standard for smaller entities. Objectives and Activities I'he principal activity of the charity is to cre¢lte and perfom) folk st)'le theatre productions that coincide with the tradition of mumming. The eharit>' primarily iiorks as a theatre in eduLation gTfoLlPS and seeks to provide Lultural experienLes for those ivho iVOLild not nomially be able to have this experien¢e, such as those in socio-economic deprived areas. Directors & Trustees The persons ii'ho served the charity as both DireLtors and Trustees during the year were as tollows:. Anne Hart John MLAI lister BriL7id MLGibbon M<lry' Miirphy Noleen Moone Financi#l Review The results for the year and the charity's tinancial position at the end of the year are shown in the attached financial stateinents. The charity sutlered a deficit of £27,641 in the current ti nancial year (2023.. Deficit ot" £15,733). The charity's policy is to achieve a level of resourLes which matLhes the needs of the organisation currently aiid in the foreseeable future. The free reserves required should be sufticient to cover six months unrestricted expenditure. Plans for future periods The Annabih Rhj'iiiers plan to continue its efforts to create and pert.omi its productions. Directors & Trustees Responsibilities The direLlors (and Triistees) are responsible for preparing the financial statements in accordance w'ith applicable law and regiilaiions. Company laiv requires the directors to prepare tinancial statements for each finanLial year. Under that law the direLtors have elected to prepare financial statements in accordance iiith United Kingdom Accounting Standards (United Kingdom Generally Accepted ALLOLinling Practice). The financial statements are required b). laiv to &Jive a true and fair vieiv of the state of att.airs of the company at the end of the year and of the surplus or deficit ot" the company. t.or thai period.
Nl 21430 The Arma hRh mers Educational & Cultural O anAsation .continued tn preparing those financial statements, the directors are required to select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP. make judgments and estimates that are reasonable and prudent. state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements" prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in operation. The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006 and Charities Act (Nl) 2008. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Small Company Provisions This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006. Statement of Compliance In setting our objectives and planning our activities for the year the trustees have given careful consideration to the Charity Commission for Northem Ireland's guide on Public Benefit to ensure that the activities have helped to achieve the Charity's purpose and provide a benefit to the beneficiaries. Registered Office Address: Aonach Mhacha 74-76 Upper English Street Arn]agh Co Amiagh BT617LG Charity Registration No.. NIC 102997 ONB HALF OF TRUSTEES AND DIRECTORS Ann Hart Secretary 12 December 2024
NI 21430 The Arma hRh mers Educational & Cultural Or anisation Inde endent Examiner's Re ort to The Board of Trustees of The Arma hRh mers Educational & Cultural Or anisation We have examined the tinancial slalements of the company for the financial year ended 31 March 2023, which comprise the Statement ot Financial Aclivities {inLorporaling an InLome and Expenditure ALLount), the Balance Sheet and the related notes. This report is made solely to the company's members, as a body, in ac¢ordance with Chapter 3 ot" Part 16 of the Companies Act 2006. Our ¥vork has been undertaken so that we migyhi Lompile the financial statements thai we have been engagyed to Lompile, report to the Board ofr'Trustees that we have done so, and state those matters ihat we have agyreed io state to them in this report and for no other purpose. To the fLII lest exleni pemiilted by laiv, we do not aLLepi or assLime responsibil ity to anyone other than the conipany and the company's members, as a body, for our work, or for this report. Respective responsibilities of trustees and examiner I'lie Loinpanj s Iruslee5 (¥vhc) are also the directors ot. the company for the purposes ot" Lompany la,} are responsi ble t.or the prep£1ration of. the tinancial stateiiienls in acLordanLe ith the requirem¢nts ot" the Companies Act 2006. The Lompanj's trustees consider that an audit is not reqLiired tor this Iinancial year under Chapter 3 ot" Part 16 ofthe Comp2( nies Aci 2006 and that an independent e.xamination is required. It is our responsibil tty lo: examine the tinancial stateinencs under seLtion 65 of the Charities Act. Folloiv the procedures laid down by the general Directions given by the Charity Commission for Northern I reland under section 6S(9)(b) ot the Charities Act; and Stale ivheiher particular matters have come to our attention. Basis of independent examiner's report We have examiiied )'our Lompany tinancial statements as reqiiired Linder section 65 of the Charities Act and our exami naiion was carried out in aLLordance with the greneral Direclions &Jiven by the Charities Commission for Northern Ireland under seclion 65(9}(b} ot'ihe Charities Act. An examination includes a revieiv ot. Ihe accoLinting records kept by the company and a comparison ot" the tin.2nLial statements presented ivith those records. It also incl udes consideration ot anj. Linusiial items or dis¢losLires in the financial statements and seeking? explanations from the trLlStees concerning anj. such matters. The procedures undertaken do not provide all the evidence that ivould be required in an audit and consequently no opinion is given as to whether the accoiinls present a 'true and fair, vieiv and the report is limited to those matters set out in the statement below. In connection ivith our examination, no matter has Lome lo our altention which gives us cause to believe that in. any material respect: Accountingy reLord5 Ivere not kept in accordance ivith section 386 ot.the Corllpanies Act 2006. The tinanc ial statements do not accord ii'iih those aecouniing records.
N121430 The Arma hRh mers Educational & Cultural Or anisation Inde endent Examiner's Re ort to The Board of Trustees ofThe Arma hRh mers Educational & Cultural Or anisation continued... The tinancial statements have not been prepared in accordance with the accounting requirements of section 396 ot'the Companies Act 2006 and with the methods and principles of the Statement of Recommended PraLlice applicable to Lharities preparing their accounts in acLordan¢e with the Financial Reporting Standards appliLable in the UK and Republic of Ireland (FRS 102). There is further infom)ation needed for a proper understanding ot'the acLOLints to be reached. Independent examiner's statement We have no con¢ems and have come across no other malters in LonneLlion ivith the examination to which altention should be draivn in this report in order to enable a proper understanding ot" the tinancial Slatenients lo be reached. lynn & Compan)'- Accountants Limited Chartered Accountants 28 Carleton Street Portadown Co Armagh BT62 3EI' 12 December 2024
Nl 21430 The Arma hRh mers Educational & Cultural Or anisation Accounttn Policies Basis of Accounting The Financial Statenients have been prepared in Accordance with Accounting and Reporting by Charities.. Sialement of recommended practice appliLable to charities preparing their acLounls in accordanLe with the Financial Reportingy Standard for Smaller Entities {etlective January 2015) and the Companies Act 2006. Going Concern Tlie tinancial statements have been prepared on a going concem basis, the directors are continliing to seek additional gyr(ini funding and increase in pertormance bookings over the incoming year and on this basis the assessment of the directors is that the charity is a going conLern. Cash Flow Statement The direLcors licive lakeii the advantagre ol. the exemption in the Financial Reporting Standard No. I (revised) t'rom includingF a Lash flow statement in the tinanLial statements on the gyrounds that the company is small. Fixed Assets All li xed assets are recorded at Lost, less capital gyrants received in respect of the tixed assets. Depre¢iation is charged at the rates detailed in the depreciation note beloiv. Fi xed assets are then stated at net book value. Depreciation Depreciation is calculated so as to write ot the Losl ot. an asset, less its estiinated residual value, over the useful eLonomic li fe ot" that asset as fol loiv.. MLisiLal EqLiipment ot.tice F.qLiipment Website 15 /0 ReduLingi Balcince 15 % ReduLingy Balance 15 % ReduLingF Balance Stock SIoLk is measured al the lower of cost and net realisable val Lle. Income InLome is recog7nized and included in the accounls ivhen the t.ol loivingy criteria is met: The charit}, has entitlement to the income,. An>. perforiiianLe Londitions attached to the income have been mel or are fiilly withiii the control of the charity. There is sufficient certainty that receipt of ihe income is considered probable and the amount can be measured reliably. Capital Grants Grants in respect ot" revenue are credited to the profit and loss account over the period lo which they relate. Capital grants are deducted from the cost or purLhas¢ price of the asset. Therefore, the nel cost of the asset is included in the balance sheet and net depreciation is incliided in the profit and loss acLount. al status ofthe com an The compaiik. is l imited b), giLiarantee and has no share capital.
Nl 21430 The Arma hRh mers Educational & Cultural Or anisation Statement of Financial Activities Year ended 31 March 2024 Unrestricted Funds Restricted Funds Total Funds Total Funds 2024 2023 Notes Incoming Resources In¢omingy ResourLes from Generating Fiinds.. Booking Fees 50,407 50,407 71,055 Merchandise 1,417 1,417 3.209 Donations/Sundry InLome 246 Operating Grants Received 69,976 69,976 79,289 Total InLomingy ResoLirces 51,824 69,976 121,800 153,799 Resources expended Operatinby Costs (79,494) (69,947) (149,441) (169,532) Total Resource5 Expended (79,494) (69,947) (149,441) 1169,532) (Deficit)/Surplus for Ihe year Recon¢iliation of Funds Total Funds Brought Forward (27,670) 29 (27,641) (15,733) 74,311 74,311 90,044 Total Funds Carried For¥vard £46,641 £29 £46,670 £74,311 The statement of FinanLic11 Alli vities inLludes all giains and losses in the yei1r and therefore a statement of total recognised gjains and losses has not beLn prepared. All of the above amounts relate to continuingi activities.
N121430 The Arma hRh mers Educational & Cultural Or allisation Income and Ex enditure Account For the ear ended 31 March 2024 Notes 2024 2023 Income 121,800 153.799 Operating Costs (149,441) (169,532} Operating (Deficit) (27,641) {15,733) Retained Surplus Brolight Forward 74,311 90,044 Retained Surplus Carried Fornvard £46,670 £74,311 The I ncome and Expenditure AccoLint incllides all gTains and losses in the year and therefore a statement of total recobynised giai ns and losses has not been prepared. Al l of the above amounts relate to continuing activities.
Nt 21430 The Arma hRh mers Educational & Cultural Or anisation Balance Sheet At 31 March 2024 Notes 2024 2023 Fixed Assets Tang7ible Assets 4,618 5,432 Current Assets Siock ot goods Debtors Cash al Bank 5,418 9,889 33,398 6,276 16,299 48,705 76,666 Creditors: Amounts Falling Due Ivithin One Yeiir (4.153) (5,287) Net Current Assets 44,-$52 71,379 Net Assets £49,170 £76,811 Capital and Reserve5 Capital Rcserve Revenue Reserve 2,500 46.670 2,500 74,311 Shareholders, Funds £49,170 £76,811 The charitable company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024. The trustees acknoivledge their responsibilities for ensuring the charitable company keeps accoiinting records ivhich Lomplj ivith section 386 of the Act and for prep11 ring tinancial statement whiLh give a true and fair view of the state of at't"airs of the charitable company as at ihe end ot" the ti nancial year and ot" its incoming resources and application of resoLirces, includingy its inLome and expenditure, for the financial year in accordance ii'ith the requirements ot" seLtions 394 and 395 and iwhich oiherii'ise comply with the requirements of the Companies Act 2006 relatinby to tinancial statements, so far as applicable to the charitable Lompany. The members have nol required the Lharitable companj. to obtain an audit of its finanLial statements for the year in question in aLL()rdanLe iih section 476. io
Nl 21430 The Arma hRh mers Educational & Cultural Or anisation Balance Sheet At 31 March 2024 These financial siaiements have been prepared in accordance with the provisions applicable to cotnpanies subjeLI to the small companies regime. The tinanLial statements were approved by the trustees on 12 December 2024. Aniie Hart DireLtor li
Nl 21430 The Arma hRh mers Educational & Cultural Or anisation Notes to the financial statements l. O eratin Income Unrestricted Funds Restricted Funds Total 2024 Total 2023 Booking Fees Merchandise Donationslsundry 50,407 1,417 50,407 1,417 71,055 3,209 246 Grants Receivable Arts Couniil Foras Na Gaeilgye Culture Ireland -58,790 10,350 836 58,790 10,350 836 74,990 4,299 £51,8?4 £69,976 £121,800 £153,799 ilal Income There was no capital income received in the year. erutin Costs UnrestriL'ted Funds Restricted Funds Total 2024 Total 2023 Salaries and Wag7es Adm inistrative Salaries ALlor hire OpeningF Stock MerLhandise Closingy stock Other Operalings Costs (Nole 3) Premises Cosls Aiidit Fees Exailliner Fees Accountanc). fees Payroll fees Bank Charges Depre¢iation 12,963 15,791 25,410 6,276 19,300 12,550 23,450 32,263 28.341 48,860 6,276 32,345 28,559 60,138 9,142 348 (6,276) 31.-f7_f 7,800 1,800 (5,418) 12,061 7,200 (5.4181 26.588 7,200 14,527 1.080 2,500 500 317 814 120 2,500 500 317 814 2,500 500 142 959 £79,494 £69.947 £149,441 £169.532 12
Nl 21430 The Arma hRh mers Educational & Cultural Or anisation Notes to the financial statements .continued Other O eratin Costs Unrestricted Funds Restricted Funds Total 2024 Total 2023 Motor, Travel & Enlertainment Insurance Advertisingy & Printing Stationery & Subscriptions Slindry Website Costs Costumes & Repairs Coniinissionirjg Aniniations Bad debis 5,294 836 1,721 490 660 6,130 1.721 1,232 1,424 1,093 588 3,900 13,625 1,867 7,621 2,712 457 588 2,005 200 742 764 1,093 118 3,900 470 150 10,350 10,500 2,500 £12,061 £14,527 £26,588 £31.575 Nel Incomin Resources For The Year 2024 2023 This is staled after charging.. Depreciation 814 959 Aliditors, Remuneration Examiners, Remuneration 1,800 1,200 Staff Costs and Emoluments 2024 2023 Total statl. costs ivere as follows: Waoes and Salaries SoLial Securitj. and Pension Costs 59,300 1,304 59,299 1,605 £60,604 £60,904 Emplo)'ee numbers 13
Nl 21430 The Arm hRh mers Educational & Cultural Or anisation Notes to the financial statemenls .continued Tan ible fixed assets Musical Equipment 01CC Equipment Website Total Cost At l April 2023 Addi lions Disposals 576 11,138 16,361 28,075 At 31 March 2024 £576 £11,138 £16,361 £?8,075 reciation At l April 20?3 ChargFe t.or ihe year 222 53 10,796 51 1,625 710 22,643 814 At 31 March 2024 £275 £10,847 £12,335 £23,457 Net book vulue At 31 MarLh 2024 £301 £291 £4.026 £4,618 At 31 March 2023 £354 £342 £4,736 £5,432 Debtors 2024 2023 Trade Debtors Grants Receivable 6,950 2,939 10,800 5,499 £9,889 £16,299 Creditors: Amounts fallin due within one ear 2024 2023 Trade Creditors PAYE Pension Accruals 700 2,819 123 1,645 2,508 1,645 £4,153 £5,287 14
Nl 21430 The Arma h Rh 'mers Educational & Cultural Or anisation Notes to the financial statements -continiied 10. Ca ital Commitments The compan), had no capital commitments at 31 March 2024 or 31 March 2023. Restricted income funds Balance at l April 2023 Incoming ResourLes Outgoing Balance at Resources 31 March 2024 Restricted tunds £69,976 £(69,947} £29 12. Unrestricted income funds Balance at Incoming l April 2023 Resources Outgoing Balthnce at Resources 31 March 2024 General Funds £74,311 £f1,824 £{79,494) £46.641 13. Related art transactions The company's theatriLal org7aniser has provided a guarantee for company botToivingys with Danske to an amount ot"£2,500. 15
Nl 21430 The Arma hRh mers F.ducational & Cultural Or anisation Management information 16
N121430 The Arma hRh mers EduLational & Cultural Or nisation Statement of financial activities 2024 2023 Incoming Resources Voluntary Income Arts Council Foras Na Gaeilge Culture Ireland Booking Fees MerLhandise Donationslsiindry 58,790 10.350 836 50,407 1,417 74,990 4,299 71,055 3,209 246 Total Incoming ResourLes 121,800 153,799 Resources Expended Operating Costs ScTrlaries and Wagyes Adini nistrative Salaries ALtor and Musician Hire OpeninLy sloLk MerLhandise Closingj stouk Commissioning, Animations Motor, Travel & Entertainment Premises Costs Deprccialion Insurance Audit Fees E,xaminers' Fees ALLOLinlanLy tees Payrol I t.ees Website Costs Advertisi n&y & Printing Stationery and Subscriptions Sundry Coslumes & Repairs Bad debts Bank chargyes 32,263 28,341 48,860 6,276 28,559 60,138 9,142 348 (6,276} 200 (5,418) 10,500 6,130 7,200 814 1,721 13,6?5 7,800 959 ,867 1,800 1,200 2,500 500 588 ,232 1,424 1.093 3,900 2,500 500 588 7,621 2,712 457 2,00_5 2,500 142 317 Total ResoLirces Expended £(149,441) (169,532) Net (Outgoing) Resources for the Year £(27,641) £{15,733) 17