Heart of The Glens Festival Charity No . 103080 Financial statements for the year ended 31 March 2024 Page I
Heart of the Glens Festlval Contents Trust¢a, advisors and other InforntiOn Independent ¢xamin¢Vs rcport In¢om¢ and expenditur¢ arxount Statement of 888ets and liabiliti¢8 Pa8e 2
Heart of the Glens Festival Trustees, advisors and other informatlon TRUSTEES Susan McLaughlin Ain¢ Campbell B¢tllad¢ttc Delargy Shauna Mil¢h¢ll Kieran Dempsey Una M¢Cambridg¢ C2rnJel McKee8an Joanne Quinn Chn'stinc McAlister Anne Quinn James M¢Curry trinA D¢largy Eve1 Owcill Maureen McAli8ter ACCOUNTANTS Park, McKillop and Company Chartered Accountsnts 51 Springwell Street Ballymena Co Antrim BT43 6AT BANKERS Dansk¢ Bank 1-2 Broadway Ballymena Co Antrim BT43 7AA REGISTERED OFFICE Old School Hous¢ 25 Mill Street Cushendall BT44 ORR Page 3
Heart of the Glens Festival Independent examlner's report to the charlty trustees of Heart of the Glens Festival I report on th¢ aOunts of the charity for the ar ended 31 March 2024, which are set out on page8 5 to 7. Rejpectlve reJponJlbllltles of ¢harlty Irugttts Ind examlner As the chAritys tNstees you are responsible for the pr¢paralion of the a¢¢ounts in accord¢¢ with th¢ Charities A¢t (Northcrn Ircland) 2008. It iy rny responsibility to: - cxamine the accounts under section 65 of the Charities Act - follow the procedures laid down in the general DiT¢CtioThs given by the Commission under 5tIon 65{9)(b) of the Charitics A¢1 - slat¢ whether particular mattern have come to my attention BAs15 of findependent examlner's r£port I hav¢ ¢xumined your charity accounts as required under Section 65 of the Charilies Act and my examination was ¢8rri¢d out in accordance with th¢ 8¢n¢r8l Directions given by th¢ Charity Commission for North¢m Ir¢land under sKtion 65(9)(b) of the Chariti¢s A¢t, My ¢xamirtation included a review of the &ccouThtin8 records kq)t by the charity And a ¢omparison of the aoullts presenied with those records. It also included con8iderYdtion of Any unusual items or disclosures in th¢ a¢¢ounts, and seeking explanations from you chlty tN8tees concernin8 aDy such matters, My role is to state whether ally material matters have come to my attention giving me ¢ause to b¢li¢ve: l. That ac¢ountin8 record5 were not kep¢ in ac¢ordan¢¢ with section 63 of the Clwities Act 2. That the accounts do not accord with those acwunting rccords 3, That the accounts do not Comply with the accounting requirements of the Charitie8 A¢t 4. That there is further inforn]ation needed for a proper understanding of the accounts to be reached Independent examlner'$ statement have completed my examination and have no ¢on¢ern8 in respect of the matter8 (1) to (4) listed above and, in conn¢¢tion with following the DITll0nS of the Charity Commisston for Northern Ireland, I have found no matters that require drawin8 to your attcntion. Una M¢Killop FCA Chartered Accountants Ireland 51 Springwell Street Ballyn]ena Co Antrim BT43 6AT 7 August 2024 Page 4
Heart of the Glens Festival Income and expendlture account for the year ended 31 March 2024 2024 2023 Income CC & G Grant CC & G Tourism and Re¢reaiion Growth Events Fund Sponsorship The Community Foundation Grant DAERA grant Lottery Grant - Awards for All Luri8 Run Programmes Workshops and events Donations Bank int¢rc8l rtteived 5,124 1,249 10.902 4,045 2.000 802 i 0,000 8,223 2.615 7,841 3,461 13 4244 2,000 816 8a51 2,849 10,369 2,935 99 Total In¢ome 3I787 51,151 Page S
Heart of the Glens Festival Income and expenditure account for the year ended 31 March 2024 2024 2023 Expendlture Festival events ind bands Lurig Run kn't, trophies and costs Festival programnKs Workshops Fcstival sound production Venu¢ htre Bank chargei In8urYin¢¢ CDG admini$tr8uve co8¢s Emcrgcncy SvICeS Volunteer clothtng and kit Christmas misc¢llan¢ous Memberships Maint¢nance Sunthy expenses Trophies, priz¢8 and gundry event CO8ts Total expendlture 9,499 7,782 1,199 6,842 2,700 14.398 6,613 300 2.443 3,897 1,210 98 2,837 3.812 1.798 1.315 867 190 968 415 316 2,897 3,151 1,426 1,090 1,197 244 1.143 545 40,605 41,477 Exce81 of In¢ome over Expendlturel (Expendlture over Ineome) (3118) 9,674 The fore80in8 income and expCnditU arxount was drawn up on behalf of the trustees by ParK McKillop and Company and Signed on 7 August 2024 below S4 SusaD M¢Laughlln TrHs1¢¢ Bernadette Del*rgy Trustee Page 6
Heart of the Glens Festival Statement of assets and Ilabilities at 31 March 2024 2024 2023 Current assets Debtors and prepaTreAts 2,485 Danske Bank Current Acc no 61033867 12,753 Danske Bank investment account 6,820 13,303 5,828 6,721 22,058 25,852 Current Jlabllllles Bank loans and overdrafts 24 Excess of current assets over current IAabilitieJ 22,034 25,852 Totxl assets less current IIAbllldei 22,034 25.852 Net asset5 22.034 25,852 Retalned reserves P+L rc5crvc rctained profit blf Add cxcess of income over expenditure l(Dedu¢t Expenditure over Income) 25.852 (3,818) 16,178 9.674 Capltal employed 22,034 25.852 The foregoing balance sh¢¢t was approved by the trustees on 7 August 2024 and signed on behalf of thc rommitt¢e by U$An McLaughlln Truslee Bernadette Delargy Trustee Page 7