ARDCLASS FESTIVAL ASSOCIATION RECEIFfs AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 2024 Unrestricted Fund 2023 Unrestricted Fund Notes RECEIPTS FROM Unrestricted grant Donations and Legacies Investment income Other trading activities 27,123 10,446 2,560 9,893 7,799 Total 45J68 21,002 PAYMENTS ON Raising funds . Charttable activities Charitable 31,956 20231 Total 31,956 20231 EXCESS OF RECEIPTS OVER PAYMENTS 13,412 771 Bank current accounts I September 5,581 4,810 BANK CURRENT ACCOUNfs 31 AUGUST 18,993 5,581 The notes form part of these financial statements
ARDGLASS FESTIVAL ASSOCIATION STATEMENT OF ASSETS AND LIABILITIES AT 31 AUGUST 2024 2024 Unrestricted Fund 2023 Unrestricted Fund CASH FUNDS Bank current accounts Cash account 18,993 5,581 TOTAL FUNDS 18,993 5,581 The fmancial statements were approved by the Board of Trustees on 18106r2025 and were signed on its behalf by: John Beattie Trustee Christopher Feenan Trustee The notes forni part of these f]nancial statements
ARDGLASS FESTIVAL ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity. have been prepared in accordance with the Charities Act (Northern Ireland) 2008 using the Receipts and Payments basis. T3xation The charity is exempt from t&x on tts charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted fijnds can only be used for particular restricted purposes within the objects of the charity. Restrictions atise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. OTHER TRADING AcfIvITIES 2024 2023 Fundraising Fundraising events 8,549 8,549 INVESTMENT INCOME 2024 2023 Deposit account interest
ARDCLASS FESTIVAL ASSOCIATION DETAILED STATEMENT OF RECEiYfs AND PAYMENTS FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 RECEIPTS Grants re¢eived National Lottery Newry Mourne & Down District Council Community Foundation Grant County Down Rural Community Network 20,OIM 6J85 400 338 1,700 860 Donations and legacies Donations 10,446 9,893 Other trading activities Fundraising events 7,799 8549 Investment income Deposit account interest Total incoming resources 45J68 21,002 PAYMENTS Charitable aetivities Prizes 370 360 Support costs Management Professional Fees EquipTnent Electricity Sundries Postage, Printing and stationery Catering Hire of equipment 480 1.012 2,091 24,582 13,832 Publicity & promotions InsuTance 4,622 890 3,078 865 31J86 Total resources expended 31,956 20231 Net in¢omel{expeDditure} 13,412 771 This page does not forn) part of the statutory fmancial statements io