Heart of The Glens Festival Charity No . 103080 Financial statements for the year ended 31 March 2023 Page I Heart of the Glens Festival Contents Trustees, advisors and other inforniation Indepeiident exaininer's report Income and expenditure account Statement of assets and liabi lities Page 2 Heart of the Glens Festival Trustees, advisors and other information TRUSTEES Slisan McLauglilin Aine Campbell Bernadette DelaTg)' Sliauiia Mitcliel I Kieran Dempsey Una Mccambridge Carniel McKeegan Siobhaii O'Grady Joanne Quinn Christine MCA lister Anne Quinn James McCurrJ' Katrina Delargy ACCOUNTANTS Park., McKillop and Company Cliartered Accountants 51 Springivel I Street Ballymena Co Antrim BT43 6AT BANKERS Danske Bai)k -? Broadiia). Ballymena Co Antrim BT43 7AA REGISTERED OFFICE Old School House 25 Mill Street Cusliendall BT44 ORR Page 3 Heart of the Glens Festival Independent examiner's report to the charity trustees of Heart of the Glens Festival I report on the accounts of the charity for the year ended 31 March 2023, which are set out on pages 5 to 7. Respective responslbfilities of charity trustees and e.iaminer As ihe cliaritv's trustees )'ou are responsible for the preparalion of the accounts tn accordance ￿'1th the Charities Act (Northem Ireland) 2008. It is my responsibilitv to: exainine the accounts under sectioi) 65 of the Charities Act follow the procedures laid down in the general Directions given by the Commission under seclion 65(9)(b) of the Charilies Act s(ate ivhether particular matters have come to my atteniion Bgsis of independent exf4miner's report I have e.xamined your ¢liariN accounts as required under section 65 of the Charities Act and mv examiiiation il'as carried out in accordance ivith the general Directions given by tlie Charits, Coinmission tor Nortliern Ireland uiider section 6i(9)(b) of the Charities Aci. My e,xamin81ion included a revieiv of tl)e accounting records kept by the charity and a comparison of the account5 presenled ivith rliose records. It also inclLided consideration of an), unusual items or disclosures in il)e accounts. and seeking explanations from you as cl)arity trusrees concerii ing any such matters. My role is to state ivhether aiiy material marters have come to my atteiition giving me cause to believe., l . That accounting records ivere noi kept in accordance witli section 63 of tl)e Charities Act ? That the accounts do iiot accord ivitl) those accounting records 3. That tl)e accounts do noi complv ivith the accountiiig requirernenrs of the Charities Act 4. Thar there is fLlrtlier iiiformation needed for a proper understanding of the accounts to be reaclied Independent examiner's statemenl I liave completed m}, examiiiation and l)ave no concerns in respecl of the rnatters (l) 10 (4) lisred above and. in connection wilh folloiviiig the Direciion5 of the CharitN Commission for Northerii Irelaiid. I have fouiid no matters tliat require draiving to your attention. Una McKillop FCA Chartered Accountants Ireland i I Springi%'ell Streel Ball)Amena Co Antrim BT43 6AT 14 September 2023 Page 4 Heart of the Glens Festival Income and expenditure account for the year ended 31 March 2023 2023 2022 Income CC & G Grant CC & G Tourism and Recreation GroNN¢h Events Fund Sponsorsliip The Community Foundation Grant DAERA grant NACN grant Lottery Grant- Aii'ards for All Lurig Run Programmes Workshops DoIiations Bank interest received 1.249 10,902 4,045 2,000 802 2.786 1,482 335 10,000 8,223 2,615 7,841 3,461 13 539 Total income 51,151 5,143 Page 5 Heart of the Glens Festival Income and expenditure account for the year ended 31 March 2023 2023 2022 Expenditure Festival evenis and bands Lurig Run kit, tropli ies and costs Festival programmes Worksliops Festival sound production Veiiue hire Bank charges Iiisurance CDG adininisiraiive costs ETnergency services Volunleer clothing and kit Christmas miscellaneous Membersliips Mainlenance Sundry expenses Troph ies, prizes aiid sundrv event cosls Total expenditure 14J98 6,613 300 2,443 3,897 1,210 98 2,837 3,812 1,798 lJ15 867 190 968 415 316 107 65 57 1,374 76 4,181 20 417 1,010 41,477 7,322 Excess of Income over Expenditurel (Expenditure oi'er Income) 9,674 (2,179) The foregoing income and eipendiiure account was draivn up on behalf of the trustees by Park, McKillop and Compan) and signed on 14 September 2023 beloiv HiLa. hli Susan McLaughlin Triisre£ Bernadette Delargy Triisiee Page 6 Heart of the Glens Festival Statement of assets and liabijities at 31 March 2023 2023 2022 Current assets Debrors and prepayments 13,303 Daiiske Baiik Current Acc no 61033867 5,828 Danske Bank investinent account 6,721 2,3)7 7.113 6,708 25,852 16,178 Current liabilities Excess of current assets over curreni IlabSlltles 25,8)2 16,178 Total assets less current liabilities 25,852 16.178 Net #ssets 25,852 16,178 Retalned reserves P+L reserve retained profil blf Add e.xcess of income over e.xpei)diiure l{Dedu¢t Expenditure oi'er Income) 16,178 9,674 18.3)7 (? 179) Capilal employed 25,852 16,178 Tlie foregoiiig balaiice slieet ￿8S approved bv tl)e Irustees 011 14 September 20?3 and signed on behalf of the committee b), Suson McLaughlin Triislee Bernadette Delargy Trustee Page 7