ANDERSONSTOWN TRADITIONAL & CONTEMPORARY
MUSIC SCHOOL
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023
( A COMPANY LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPJTAL)
COMPANY REGISTRATION NUMBER NI 036660
CHARITY REGISTRATION NUMBER NIC 103431
O'HARA SHEARER
CHARTERED ACCOUNTANTS AND STATUTORY AUD￿oRs
547 FALLS ROAD
BELFAST
BTII 9AB

ANDERSONSTOWN TRADITIONAL & CONTENIPORARY
MUSIC SCHOOL
FINANCIAL STATEIVIENTS
FOR THE YEAR ENDED 31ST MARCH 2023
CONTENrs
Page
Members and Professional Advisors
Trustees Annual Report
(including the Ststement of Directors Responsibilities
in respect of financial statements)
Report of the Independent Auditors to the Members,
10-12
Accounting Policies
13-15
Statement of Financial Activities (incorporating the income and expenditure accoun
16
Balance Sheet
17
Statement of Cash Flows
18
Notes to the Financial Statements
19-24

ANDERSONSTOWN T114DITIONAL & CONTEMPORARY ￿￿sIc SCHOOL
REPORT OF THE DtRECTORS AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023
OFFICERS AND OTHER INFORMATION
Directors
O Benson {Chair)
V QutDn (Treasurer)
P Tohill
G Rajasingh Joseph (Appointed 1110212023)
N O'Donnell (Appointed 1110212023)
Dr D Rogers (Appointed 1110212023)
Registered Office
Westcourt Centre
8-30 Barrack Street
Belfast
BT12 4AH
Auditor5
O'Hara Shearer
Chartered Accountants
& Statutory Auditors
547 Falls Road
BelfasL BTI19AB
Bankers
Bank of Ireland
202 Andersonstown Road
BelfasL BTI19EB
Company Registration Number
N1036660
Charity Registration Number
XR 33007
Charity Commission for Northern Ireland Registration Number
NIC 103431
Registered Charity Name
AndersonstoN¥n Trdditional & Contemporary Music School
Page I

ANDERSONSTOWN TRADITIONAL & CONfEMPORARY MUSIC SCHOOL
REPORT OF THE TRUSTEES AND FtqANCXAL STATEIIffiNrs
FOR THE YEAR ENDED 31ST MARCH 2023
Trustees, Annual Report
The Trustees, who are also directors for the purposes of company law, have pleasure in
presenting their aDnual report together with the f￿anCIaL statements of the charity for the year
ended 31 March 2023 which are also prepared to meet the requirements for a directors, report
and accounts for Companies Act 2006 purposes. The Trustees confm that the financial
statements comply with the requirements of the Charities Act (Northern Ireland) 2008 and
Accounting and Reporting by Charities: Statement of Recommended Practice which applies
to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015).
Reference & Administrative Details
Reference and administratÉve details are shown in the schedule of members and professional
advisers on page l of the f￿anCIal statements.
Directors and Trustees
The directors of the charitable company are its trustees for the PUTpose of charity law. The
Directors and trustees who served the charity during the period were &s follows:
Olive Benson (Chairperson)
V Quinn (Treasurer)
Pearse Tohill
Goldston Rajasingh Joseph - appointed 1110212023
Niamh O'Donnell - appointed 1110212023
Dr Dave Rogers - appointed 1110212023
Structure, Governance & Managemellt
Governing Document
The charity is controlled by its governing document, a Memorandum and Articles of
Association, which was last amended at an EGM in October 2009, and constitutes a limited
company, limited by guarantee, as defined by the Companies Act 2006. Each member has
agreed to contribute £ l in the event of a compulsory winding up. It is registered as a charity
with the Charities Commission (NI).
Appointment of Trustees
The Board of Trustees is responsible for the overall governance of the charity. Trustees are
elected at the Annual General Meeting by the members present and the total number of Trustees
shall not be less than 3.
Trustees shall hold office until the next AJLnual General Meeting following histher
appointment. A retiring Trustee shall be eligible for re-election.
The Trustees shall have the power at any time and from time to time to appoint any person to
be a Trustee, either to fill a casual vacancy or as an addition to the existing Trustees. Any
Trustee so appointed shall hold office l￿til the next following Annual General Meeting and
shall then be eligible for election.
During the year, 3 new Trustees were, appointed at our AGM in Feb 23. With assistance and
support from Arts & Business and Boards123, the Trustees continue to address Succession
planning & Trustee ReCruit￿en( particularly in are&s where the Cu￿ent Trustees feel the need

for particular skills that will enhance the future development of the school. This process is
ongoing.
Trustee Induction and Training
New Trustees undergo an induction to brief them on their legal obligations under charity and
company law, the Charities Comjnission guidance on public benefit, content of the
Memorandum and Articles of Association, the board of trustees and decision-making
processes, policies and procedures. the business plan and recent fu￿1claI perfonllanee of the
Ch￿lty. Trustees are encouraged to attend appropriate external training events where these will
facilitate the undertaking of their role. Trnstee Induction & training is part of our ongoing
Succession planning & Trustee recruitment review.
Organisation
The Board of Trustees meet monthly and delegates certain responsibilities to the School
Manager. The School Manager is responsible for the day-to-day management of the affairs of
the charity and for implementing the policies and operational plans as agreed by the Board of
Trustees. Between meetings of the Board of Trustees, the School Manager reports to the
Chairperson. The School Manager is assisted by a full time Programme Co-ordinator and a
part titne Administrator.
Related parties
None of the Trustees receive remuneration or other benefit for their work as trustees with the
Charity. Any connection between a trustee or senior manager of the charity to related parties
must be disclosed to the full Board of Trustees in the same way as any other contractual
relationship with a third party. There were no such disclosures in the current year.
Risk Management
The Trustees have a risk management strategy which comprises:
An annual review of the risks the charity may face.
The establishment of systems and procedures to mitigate those risks identified. and
The implementation of procedures designed to minimise any potential impact on the
charity should those risks materialise.
In providing access and opportunities to people and children, the Charity recognises that there
are potential risks to children and vulnerable adults. A key element in the management of this
risk is the establishment and implementation of a robust chart of policies and procedures
including Privacy Policy, Access NI Disclosure Check, Child Protection Policy and the renewal
and training of staff and tutors in these are& Online Protocols introduced in 20121 where
reviewed and maintained throughout the year..
The Trustees are satisfied that the necessary policies and procedures are in place to safeguard
staff and participants, and ensure that the benefits provided outweigh any potential harn].
The second main area of Risk Management has focused on the f￿anCIal stability of the Charity
and has resulted in the Trustees investing in scenatio plaT￿ing in the event of possible fiture
funding reductions. A key element in the management of f￿￿1claI risk is via the reserves
policy and the CEwity's ability to increase unrestricted reserves. To this end, as part of the
ChaTity's Strategic Plan for the period 2021- 2026, we will seek to secure at least three year
grant fLmding from alternative funders in order to give us the resources to return to pre Covid-
19 levels of activity and to establish and deliver new comrnerciaVsales/marketing oppOrtu￿tieS
and build and blend on activities and styles of detivery.

Objectives and Activities
The purposes of the Charity are: _ (a) advancement of the arts and culture, particularly but not
exclusively the art of traditional and contemporary music" (b) advancement of education. (c)
promotion of such other charitable purposes &s may from time to time be determined.
The maill activities undertaken in relation to our purposes
In planning the Charities programme of activities for the year, the Trustees have considered
the Charity Commission's guidance on public benefit including fee charging. Affordability
and access to the programme is important and in setting the level of class fees, the trustees give
c￿efuL consideration to the accessibility of our activities for those on low incomes.
The focus of the Charities pro￿arnMe is to provide affordable and accessÉble opportLmities for
those living within disadvantaged areas of Belfast to engage and participate in music activities.
This is achieved through the provision of a rolling programme of Irish traditional and
contemporary music cl&sses, workshops, perfonnances and examinations. Since the lifting of
Covid restrictions, we recommenced face-to-face delivery of our activities and maintained a
reduced level of online class services, via Zoom, for our beneficiaries.
During the year, our programme of activities involved -
l. Musical Instrument Classes:
Pursuing the Charity's pury)ose of 'Advancement of the Arts & Culture,, we delivered a total
of 840 music class activities during the year (averaging 28 classes per week). The majority of
these were delivered face-to-face in disadvantaged areas of Belfast. 430 individuals engaged
in our music classes and other activities, during the year.
2. Performances:
We delivered 9 end of telln live perfonnance concerts. These were perforn]ed by the class
participants, our main beneficiaries and we engaged in a further 76 perfomjances during
community festivals and events. In total, approximately 240 participants took part in these
perforniances and attracted in the region of 15,000 audience numbers overall, who witnessed
the beneficiaries showcase their achievement's and talent.
3, Examinations:
T1￿Ollgh the Charity's programme of activities, the 'Advancement of Education, was addressed
via the provision of music classes, which are structured to follow the progressive syllabuses of
a variety of examination boards. In this period, 18 of our pupils engaged in accredited
examinations, via the LCM and RGT Boards (LCM for traditional Ènstruments and RGT for
contemporary guitar). All passed, achieving marks between 83 to 98 equating to Merit and
Distinction awards for those entered.
4. Workshops:
The Charity's programme entailed the delivery of 18 music workshops, which were also
delivered in various community venues and participants were provided with tin whistles and
bOdI￿anS, giving them the opportunity to join in. These were designed to inspire young
people's interest in Arts and Culture and to encourage participation. workshops were provided
'free of charge,. A total of153 individuals benefited from the workshops.
Achievements and Performance
The trustees meet monthly, face-to-face and also via Zoom whichever is most convenient.
Monthly Board Meetings provide the fonmi for planning. timely monitoring, evaluation and
budgetary control. Our manager provides a monthly project update to the management
conjmittee and any vatiation from the proposed timetable is higblighted. The Board also

review how the delivery of our prograrnme is meeting our original targets and the needs of the
beneficiaries we serve.
Through the Charity's 'Monitoring and Evaluation Procedures., the TnLStees used infonnation
from Registration Fornis, Attendance Records, Questionnaires and Activity Dat4 etc. which
provided information that allowed the monitoring of class provision and project, progress,
against the main targets on a terni by terni b&sis.
Records of Examination Entrants. Grades and Pass Rates were updated and reported upon to
inform the Evaluation Procedure. Participant and Audience numbers attending workshops and
perforniance events were collected on a tern] by terni / event by event basis.
Feedback from participants was reviewed through 'questionnaires, comment fornis, interviews,
etc; in accordance with the Charity's procedures. Feedback was also sought from a wider
beneficiary group, e.g.: parents, community workers and schools. this enabled the Trustees to
identify the broader impact of the project on the community.
During 221?3, we made good progress in re-establishing nonnal activities and hence, we
increased the number of classes and activities that we delivered. We increased class provision
by 12 % and participant I beneficiary numbers incre&sed by 242 %, based on last year, s (21122)
figures. ThÉs increase is also reflected through workshops, perfonnances and examinations.
We were successful in tern]s of activities achieving the desired outcomes for the benefits to
participants. The trustees have continued to implement the Charities Strategic Plan 2021-2026.
The table below sboivs the growth in activities from 21122 to those achieved in 22123.
Actual Achievements for
202112022
750
Actual Achievements for
2022 12023
840
18
85
18
756
15,000
Music Classes
Workshops
Perfonnances
Examination Entries
Participants
Audience
21
221
1,000
Recovering from the impact of Covid, we have been success￿1 in re-establishing activities and
meeting the gap that Covid caused on the delivery of our programme. We positively responded
through the delivery and continued development of our programme. the main benefits that
derive from the Charity's work and impact directly on the beneficiaries, are:
Increased Skills and Personal Development -
children and young people living within disadvantaged areas, have access and
opportunities to participate in affordable arts and cultural activities, where such
facilities and resources would not be available.
develop practical musical skills
team-work, self-discipline, social skills, communication and respect are encouraged
and enhanced
encourages creativity, raises ambition, improves confidence and self-esteem
our tutors are supportive. give pratse. reassure and encourage the children to progress
at their own pace

Increased Educational and Employability Opportunities -
participants gain accredited music examinations
young people can demonstrate their ability to apply themselves to a specific discipline
such as music and attaining an accredited qualification strengthens this - contributing
to their educational and employment opportunities in their ￿tllre
a positive outcome of learning to play a musical instrument, 'in the future,, participants
are able to demonstrate that they have ability, discipline, confidence and skills that will
enhance opportunities when seeking employment or enty into university.
some participants progress to more advanced levels of playing and move on to learn the
skills of teaching and sharing their knowledge with others.
Improved Relationships with Familyy Friends and Others-
an outcome of the Charity's activities. evidenced on the experience of our tutors, is that
young people and children participating showed positive changes relative to being
disruptive, restless in class, mixing better. interactive, attention spans and more
attentive.
confinned by parents, others showed positive changes within and Outside of the home
more engagernent, less introvert, better relationships. mixing with others.
the CEwity's programme of activities also impacts positively on young people.
especially those who demonstrate shyness" and as a result they are more confident to
express themselves and show-off their abilities to others, both at a peer level, a family
and wider public level.
the Charity's prograrnme assisted older people to strengthen social networks, learn
something new, build confidence, improve opportunitÉes to have fun, improve physical
and mental well-being.
Testimonials from beneficiaries:
Rose (alias), is 10 years old with some learning difficulties and has been diagnosed
with Asperger's syndrome. She has good language and cognitive skills but depends
very much on routine.
Rose commenced Irish traditional fiddle classes with Andersonstown Music School in
January 2019, making good progress throughout the year and had entered for the
beginner level of examinations via the London College of Music that should have been
held in April 2020.
The Covid-19 lockdown in March 2020, meant that Rose's classes and examination
were immediately suspended and needless to say, her routines were disrupted
significantly.
By July 2020, music classes had reComMen￿d using the Zoom meeting plafform and
the LCM were planning to reinstate examinations in August. Rose couldn't wait to get
back.
.1 thought that it was all really amazing! Everything was really clear and I could hear
the violin really clearlyl More people should do it!! _ Rose's words"

"Rose has had a wonderful term wrth her brilliant tutor Eileen. Zoom classes have
been good fun and a great way to meet up with her friends again online while getting
some focused practice in as well. Eileen has been brilliant, very encouraging and
offering expert advice as well as Rose's examination when needed. Rose looks
forward to this class every week. - Rose's fathe
In August, Rose sat her exam and achieved a pass mark of 91 out of 100 which is a
distinction and an amazing achievement in the circumstances. Rose said that she
was over the moon. Rose has continued to attend classes and is currently entered for
her Grade 1 examination in June this year.
Rose's father said 'the only thing I'd say is that we are very keen to get Rose playing
live with other musicians and enjoying the social side of this a bit more. Totally
understandable that this was not feasible during lockdown and I think you made the
right call in keeping people safe. But looking forward, now that she is getting back to
face to face lessons and getting used to playing in front of people and with other
instruments. Thanks for all your hard work, it has been a lifesaver over lockdown and
delighted that classes are back to normal, well organised and professional.
Financial Review
The charity achieved a net income surplus of £19,182 from a total income of £135,792.
(For 2022: Net income deficit was £6,420 from a total income of £84,495).
Our principal annual funding source was from the ACNI, with additional longer temi fimding
secured through the Arts & Business Blueprint progranune and ScreensNI.
The financial year 22123 saw the School emerging fully from Covid restrictions and returning
to face to face class provision and activities, whilst maintaining a reduced online class provision
service. Earned Income increased by a very impressivel 200/0 from prior year 21122 reflecting
the popularity and enthusiasm of pupils returning to face to face activities after lockdown.
The support of our funders was essential to the maintenance and development of our
programme of activities.
Pricing Policy
Our pricing policy reflects our strategy of enabling people in Belfast, especially children and
young people living within disadvantaged areas, to have access and opportunities to participate
in arts and cultural activities, at an affordable price offering value for money. Class Fees
remain at £40 per terni for both 'face to face, and online classes. Attendance at concerts,
workshops and perfonnances are generally for free. As part of the Charity's Strategic Plan for
the period 2021- 2026, our pricing policy will be reviewed to investigate scaled pricing and
other commercial metrics.
Reserves Policy
Unrestricted funds are needed to provide funds which can be applied to specific projects to
enable these projects to be undertaken at short notice, to cover the running costs of the Charity
for a limited period should there be a significant shortfall in projected income alld to allow for
investment in ChanLre/Strategic Development initiatives. The amount of unrestricted ftmds
held at 3 1st March 2023 was £35,736. (For 2022: £48,064).

Auditors
A resolution to re-appoint the auditors, O'Hara Shearer, will be proposed at the Annual General
Meeting.
Small CompaDy Exemption
This report has been prepared in accordance with the special provisions for small companies
under Part 15 of the Companies Act 2006.
Responsibklities of the Trustees
The charity trustees (who are also the directors of Andersonstown Traditional & Contemporary
Music School for the purposes of company law) are responsible for prepating the Trustees
Report and the fll]ancial statements in accordance with applicable law and regulations.
Company law requires the trustees to prepare f￿ancIal ststements for each financial year. The
Trustees present their report and the fmancial statements of the charity for the year ended 31 st
March ?02). The Trustees confmn that they comply with the requirements of the Charities
Act (Northern Ireland) 2008 and Accounting and Reporting by CE￿itieS. Statement of
Recommended Practice which applies to charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in UK and Republic of Ireland (FRS 102)
(effective I st January 2015).
Under company law the Trustees must not approve the financial statements unless they are
satisfied that they give a true and fair view of the stste of affairs of the company and of the
surplus or deficit of the company for that period. In preparing those financial statements, the
trustees are required to:
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charities Sorp (FRS I O?).
make judgements and estimates that are reasonable and prudent.
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to
show and explain the company's transactions and disclose with reasonable accuracy at any
time the financial position of the company and enable them to ensure that the financial
statements comply with the Companies Act 2006. They 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.
By order of the Trustees:
Valerie Quinn (Tre&surer)
Date: 2411
1202

ANDERSONSTOWN TRADrrioNAL & CONTEMPORARY
MUSIC SCHOOL
FINANCIAL sTATE￿NTs
FOR THE YEAR ENDED 31ST MARCH 2023
REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS,
Opinion
We have audited the financial statements of Andersonstown Traditional & Contemporary Music School (the 'charity') for the
year endea J l March 202i which comprise the Statement of Financial Activitie5, the Balance SheeL the Statement of Cash
Flows and the notes to the financial statements, including a sumrnary of significant accounting policies. The financial
reporting framework that h&s been applied in their prepardtion is applicable law and United Kingdom Accounting Standards,
including Financial Reporting Standard 102 Thefinancial Reporting Standard appllcable in the UK and Republic oflreland
(United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
give a true and fair view of the state of the charitable companls affairs as at 31 March 202J and of its incoming
resources and application of Tesources, including its income and expenditrjre for the year then ended.
have been propeTly prepared in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) (effective l Janauary 2015) - (Charities SORP (FRSI 02)), the Financial R¢porting
Standard applicable in the UK and Republic of Ireland (FRS 102);
have been prepared in accordance with the requirements of the Cornpanies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our
responsibilities under those standards are further described in the Auditorfs responsibilities for the audit of the accounts
section of our report. We are independent of the chartty in accordance with the ethical requirements that are relevant to our
audit of the accounts in the UK, including the FRC'S EthicaI Standar4 and we have fijlfilled our other ethical responsibilities
in accordance with these requirernents. We believe that the audit evidence we have obtained is sufficient and appropriate to
provide a basis for our opinion.
Conelusions relating to going eoneern
We have nothing to report in respect of the following matters in relation to which the ISAS (UK) require us to report to you
where:
the tn￿tees, use of the going concern basis of accounting in the preparation of the financial statements is not
appropriate. or
the trustees have not disclosed in the financial statements any identified material uncertaiThties that may cast
significant doubt about the charity's ability to continue to adopt the going concern basis of accounting for a period
of at least twelve months from the date when the financia] statements are authorised for issue.
Other inforn]ation
The other information comprises the inforn)ation included in the annual repo¢ other than the fmancial statements and our
audilovs report thereon. The trustees are responsible for the other inforniation. Our opinion on the financial statements does
not Cover the other information an(L except to the extent otherwise explicitly stated in our repo¢ we do not express any fonTt
of assurance conclusion thereon.
In connection with our audit of the fmanciaI statements, our responsibility is to read the other infonnation and, in doing so,
consider whether the other inforniation is materiaIly inconsistent with the financial statements or our knowledge obtained in
the audit or otheTWiS¢ appears to be materially misstateiL If we identify such mateTial inconsistencies or apparent material
misstatements, we are required to deterniine wbether there is a material misstatement in the flnancial statements or a material
misstatement of the other infonnation. If, based on the work we have perfornie4 we conclude that there is a material
misstatement of this other inforn]ation, we are required to report that fact.
We have nothing to report in thÉs regard.
Page 10

ANDERSONSTOWN TK4DrrtOYAL & COPItEMPOtL4RY
fvtUSIC SCHOOL
FINANCIAL STATEMEpirs
FOR THE YEAR ENDED 31ST MARCH 2023
REPORT OF THE INDEPENDENf AUDITOR TO THE MEMBERS,
Matters on wbich we are required to report by exeeptio
tn the light of the knowlcdge and understanding of the Tnjstees and its environment obtained in the course of the audi( we
have not identified material tnisstaternents in the TnJstee5' ReporL
We have nothing to rep)rt in respect of the following matters in rclation to which the Companies Act 2006 requires us to
report to you if. in our opinion.
sufficient accounting records have not ken kepL or
the financial statements are not in agreement with the accounting records. or
certain disclosures of tnjstees, remunerdtion Sp￿lfied by law are not made" or
we have not received all the infornialion and explanations we require for our audiL
Responsibilities of trnstees
As explained more in the Statement of Trustee5' Responsibilities, the trustees, who are also the directors of the charity
for the purpose of company law, are resFK)nsible for the preparation of the financial statements and for being satisfied that
they give a true and fair View, and for such internal control as the direclors deterniine is necessary to enable the preparation
of finan¢ial slatements that are free from material misstst¢m¢nL whether due lo fraud or error.
In preparing the financia] statements. the trustee$ are responsible for assessing the charitys ability to continue as a going
concern, disclosing. as applicable. maners related to going concern and using the going concern basis of accounting unless
the trustees either intend io liquidate the cornpany or to cease operations. or have no realistic alternativ¢ but lo do so.
Auditor's responsibilities for tht audit of the financial statements
Our objectives are to obtain reasonable assurdnce atK*Ut whether the financial statements as a whole are free from material
misstatement, whether due to fraud or error. and to issue an audiiols rep)rt that includes our opinion. Reasonable &ssurdn¢c
is a high level of assurance, but 13 not a guarantee that an audii CondUc￿d in aecordancc with ISAS (UK) will always detect a
material misstatement when it exist5. Misstatements Can arise from frdud or error and arc ¢onsidered Materi￿ if, individually
or in the aggregate, they could re&sonably be expected to influence the economic decisions of users taken on the b&%is of
these financial statements.
ItTegularilies. including frau(l are instsnces of nonrfomplian¢¢ with laws and regulations. We d¢si8n procedures in line with
our responsibilities, outlined aExive, io dete￿ rnaterial misslatements in respect of iTregulariti¢s. including frau¢L The extent
to whi¢h our procedures are capable of detecting irregularitie5. including frau4 is detailed below.
Explanation as to what extent the *udit was considered capable of detecting irrtgmlarities, including fraud
The objectives of our audil in re5P¢¢t of fraud. are to identify and &%sess the risks of material misstatement of the financia]
5taiements due to fraud. to obtain sufficient appropriate audit evidence reg&ding the assessed risks of material misstatement
due to fraud, through designing and implementtng appropriate re$ry)￿8eS to those assessed risks. and to reswnd appropriately
to instances of fraud or suspected fraud identified during the audiL However. the primary responsibility for the prevention
and detection of frdud rests with both management and those charged with governance of the Charity.
Our approach wa5 as follows:
We obtained an understanding of the legal and regulatory requirements applicable to the charity and considered
that the m05t significant are the Companies Act 2006 and the Financial Rq)orting sts￿dard applicable in the UK
and Republi¢ of Ireland (FRS 102) (effective l Janaury 2015) - (Charities SORP (FRS 102).
Enquiry of managemenl those charged with governance and the entity's soliciiors around actual and tK)tential
litigation and claims.
Enquiry of entity staff in c()mpliance functions to identify any instances of any non-compliance with laws and
regulations.
Reviewing financial statetnent disclosures and testing to SUp￿rting documentatton to &ssess compliance with
applicable laws and regulations.
Page 11

ANDERSONSTOWN TR4DITIONAL & cowfEMPOIL4RY
MUSIC SCHOOL
FtNANCIAL STATEMENTS
FOR THE ITAR ENDED 31ST MARCH 2023
REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS.
Auditing the risk of management ove￿Ide of controls, including through testing journa] entries and other
adjustments for appropriateness. and evaluating the b￿lnesS fdtiona]e of significant tr8nsadions outside the
norniat course of business.
As part of an audit in accordance with ISAS (UK) we exercise professional judgement and maintain professional sceptieism
throughout the audiL We also:
Identify and ass¢ss th¢ risks of material m?sststement of the financia] statements. whether due to fraud or error.
design and perforni audit procedures responsive tt) those risks, and obtain audit evidence that is suffi¢ient and
appropriale to provide a basis for our opinion. The risk of not detecting & material misstatement resulting from
fraud is higher than for one resulting from error, a5 fraud may involve collusiot4 forgery. intentional omissions,
misrepresentations. or the override of internai control.
Obiain an understanding of inten￿1 control relevant to the audit in order to design audit procedures that are
appropriate in the circumstances. but not for the PUTP)ses of ekpressing an opinion on the effectiveness of the
company's internal ￿ntrOl.
Eva]uate the appropriateness of a¢countin8 p)licies used and the reasonableness of accounting estimates and
related disclosures made by the director5.
Conclude on the appropriateness of the directors, use of the going Concern basis of accounting anl b&scd on the
audit evidence obtained, whether a material uncertainty exists related to events or conditions that may c&5t
significani doubt on the ¢harity's ability lo continue as a going concern. If we conclude that a rnaterial uncertainty
exists, we are requir¢d to draw attention in our auditols report to the related disclosur¢s in the financial statements
or, if such disclosures a￿ inadequate, to modify our opinion. OLtr conelllsions arc based on the audit eviden¢¢
obtained up to our auditols r¢ForL However. events or conditions may ￿use the charity to Ce￿ to continue
as a going concern.
Evaluate the overall presentation, Structure and ¢ontent of the financia] statements, including th¢ disclosures. and
whether the financial statements represent the underlying tranwtions and events in a manner that achicves fair
presentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial ReN)rting
Council's website at: http'.l/Www.frc.org.uklauditor5res￿nSlbll1tics. This description fonn5 Part of our auditofs rep)
We communicate with those charged with governance regardin& among other matt¢r5. the pIar￿ed scope and timing of the
audit and significant findings. including any significant deficiencies in internal control that we identify during our audit.
Use of our report
This report is made solely to the chariiable companys m￿b￿s, as a t￿y. in accordance with Chapter 3 of Part 16 of the
Companies Act 2006 and regulaiions made under that Ad. Our audit work has ken undertaken so that we might state to the
Charitable company's members those matters we are requI￿d to state to them in an auditors, report and for no other purpose.
To th¢ fullest extent pennitted by law. we do not accept or assume r¢s￿nsibIlity to anyone other than th¢ ¢haritsble company
and its members as a body,
r our audit worL for this reporL or for the opinion8 we have fornied.
LAWRED4CE SHEARER
.C.A., Senior Stathtory Auditor
FOR AND ON BEFL4LF OF O'HARA SHEAREIL Stathtory Auditor
O'HARA SHEARER
CHARTERED ACCOUNTAf4TS
AND STATufoRY AUDITORS
547 Falls Road
Belfast
BTI19AB
Dated: 24th November 2023
Page 12

ANDERSONSTOWN TRADITIONAL & CONTEMPORARY
MUSIC SCHOOL
FtNANCIAL STATEMENTS
FOR THE YEAR EIYDED 31ST NL4RCH 2023
STATEMENT OF ACCOUNTtNG POLICIES
Accounting Convention and Basis of Accountillg
The financial statements have been prepared under the historical cost convention.
The financial statements have been prepared in accordance with Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with
the Financial Reporting Standard which applies in the UK and Republic of Ireland (FRS 102)
(effective l January 2015) - (Charities SORP ffRS 102)}, the Financial Reporting Standard applicable
in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Going Concern
At the time of approving the financial statements, the trustees, have a reasonable expectation that the charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees,
continue to adopt the going concern basis of accounting in preparing the financial statements.
Income Recognition
Income is recognised when the Charity has entitlement to the funds, any perfonnance conditions attached
to the item(s) of income have been mel it is probable that the income will be received and the amount
can be measured reliably.
Interest Receivable
Interest on funds held is included when ￿CeiVable and the amount can be measured reliably; this is
nonnally upon notification of the interest paid or payable by the Bank.
Resources Expended
All expenditure is accounted for on an accruals basis and is classified under headings that aggregate all
costs related to the category.
Fundraising costs include the costs of advertising, producing publications, printing and mailing fiEndraising
material, and staff costs in these areas.
Costs of charitsble activities include direct expenditure incurred through operational activities.
Governance costs represent the costs associated with the governance arrangements of the charity which
relate to the general running of the charity as opposed to those costs associated with fundraising or
charitable activity.
Fixed Assets
All tangible fixed assets are recorded at cost.
Page 13

ANDERSONSTOWN TRADITIONAL & coNfEIWORARY
fvtUSIC SCHOOL
FINANCIAL STATEMENrs
FOR THE YEAR ENDED 31ST MARCH 2023
STATEMENT OF ACcou￿rING POLICIES
Conlinued
Depreciation
Depreciation is calculated to write off the cost of f￿ed assets over their estimated useful lives
at the following rates:
Office equipment
33.33 % straight llne
Repairs and Renewals
All repairs and renewals are written off as incurred
Pension Costs
The charity does currently operate a defined contribution pension scheme.
Debtors and Prepayments
Trade debtors and other debtors are recognised at the settlement amount due after any discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Creditors and Provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past
event that will probably result in the transfer of funds to a third party and the amount due to settle the
obligation can be measured or estimated reliably. Creditors and provisions are norn)ally recognised at
their settlement amount after allowing for any trade discounts due.
Financial Instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value with the exception of bank loans which are subsequently measured at
amortised cost using the effective interest method.
Foreign Currencies
Monetary assets and liabilities in foreign cU￿ncle$ are translated into sterling at the rates of exchange
ruling at the balance sheet date. Transactions in forei￿ currencies are translated into sterling at the rate
of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving
at the net movement in funds.
Page 14

ANDERSONSTOWN TIL4DrfIoNAL & CONTEMPOIL4RY
MUSIC SCHOOL
FINANCIAL STA TEMENrs
FOR THE YEAR ENDED 31ST MARCH 2023
STATEMENT OF AccouNfING POLICIES
Continued
Fund Aecounting
Unrestricted funds are general funds that are available for use at the Trustees, discretion in furtherance of
the objectives of the charity.
Designated funds are unrestricted funds set aside by the trustees out of unrestrÉcted funds for specific
future purposes.
Restricted funds are those given for use in a particular area or for specifjc PUTposes, the use of which is
restricted to that area or purpose.
The income received from funders depends on the charity meettng detailed criteria on expenses plans.
Grants given under such conditions are also given subject to them being obtained for in connection with the furtherance of the
Charity's aims and objectives.
Such income can be repayable to the funder if such expenses plans and criteria are not met.
Such income is only defe￿ed when the donor specifies that the gTanVdonation must only be used in future accounting periods,
or the donor has imposed conditions which must be met before the charity has unconditional entitlement.
Income from charitable activities includes income received under Contract or where entitlement to grant funding is subject
to specific perfonnance conditions is recognised as earned as the ￿lated goodslservices are PTovided.
Grant income included in this category provides fijnding to support perfonnance activities and is recognised where
there is entitlemenL certainty of receipt and the amount can be measured with sufficient reliability.
Income is deferred when: feeslperformance related grants are received in advance of the perfornian¢e/event to
which they relate.
Reserves Policy
Unrestricted funds are needed to provide funds which can be applied to specific projects to enable
these projects to be undertaken at short notice, to cover the running costs of the Charity for a limited
period should there be a significant shortfall in projected income, and to allow for invesknent in Change/Strategic
Development initiatives. This policy is currently under review.
Page 15

ANDERSONSTOWN TRADMONAL & coTrifEMP0114RY
MUSIC SCHOOL
STATEMENT OF FINANCL4L AcrivrrIES
the income and ex
FOR THE YEAR EYDED 31ST K4RCH 2023
inco
oratin
enditsre account
Unrestricted Restrieted EndowRmeDt TOTAL TOTAL
Funds
Funds
Funds
2023
2022
NOTES
INCOME AND ETrtDOWTr4MENfs FROM:
Donations and legacies
Income fro￿ investments
tncome from charitable a¢tivitie5
tncome from other trading activities
1.045
1.045
11,192
29.547
105.2(M)
134.747
73,303
TOTAL INCOME AND ENDOWNMENTS
30J92
105,200
135,792
84,49S
EXPENDITURE ON:
Expendifvre on raising funds
Expenditure on charitable A¢tivities
Other expendibjre
Net gaittsl(1055es) on investments
42.920
73,690
116.610
90,915
TOTAL RESOURCES EXPENDED
42.920
73.690
116.610
90,915
NET INC0￿￿}(ExPENDITifftEI
{12J28)
31JlO
19,182
{6,4201
Transfers between funds
NET MOVEMENT IN FUNDS
{12J28}
31JlO
19,182
(6,4201
RECONCILIATION OF FUNDS
TOTAL FUNDS BROUGHT FORWARD
48,064
48,064
54,484
TOTAL FUNDS CARRIED FORWARD
35.736
31JlO
67.246
48,064
The St#t¢rnent of Financial Activiti￿ includes all giifts #nd lo$$es in the ye*r and therefore a
Statement of Total Recognised Cains and Losses has not been prepxr¢d
All of the abovt lmounts relate to eontinuing *ctivities
The #t¢¢￿P*￿Yl￿% policies the 4otes forni part oftkest finallet*l Jtst¢ments
Page 16

ANDERSONSTOWN TRADITIONAL & coNfEMPOIL4RY
MUSIC SCHOOL
BALANCE SHEET
AS AT 31ST MARCH 2023
2023
2022
NOTES
F￿￿D ASSETS
Tangible assets
3,310
CURRENT ASSETS
Debtors and prepayments
Cash at bank
Cash on deposit
Cash in hand
10
10,090
63,221
10,104
40,884
70
73,381
70
51,058
Creditors: amounts falling due within one year
(6.136) (6,304)
NET CURRENT ASSETSIILIABILITIES)
67,245
44.754
TOTAL ASSETS LESS CURRENT ASSETS/( LIABILITIES )
67,246
48,064
Creditors: amounts falling due after more than one year
NET ASSETS/(LIABILITIES)
67,246
48,064
FUNDS:
ENDOWNMENT FUNDS
UNRESTRICTED INCOME FUNDS
12114
35,736
48,064
RESTIUCTED INCOME FUNDS
12115
31,510
67,246
48,064
These financial ststements were approved by the Trustees on 24th November 2023
and are signed on their be
If by:
VALERIE QUINN
TREASURER
DATE 24th November 2023
The accompanying accounting policies and notes form part of these financial statements
Page 17

ANDERSONSTOWN TRADrrioNAL & CONTEMPORARY
MUSIC SCHOOL
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31ST IWCH 2023
2023
2022
NOTES
CASHFLOWS FROM OPEII4TING ACTIVITIES
C&8h generated from operations
13
22,337
(8,054)
Net cash inflow/(oufflow) from operating activities
22,337
(8,054)
Investing activities
Investment income
Purchase of tangible f￿ed assets
Acquisition of investments
Disposal of investments
Disposal of tangible fixed assets
Net cash from investing activities
Increase/(deerease) in cash and cash equivalents in the year
22,337
(8,054)
Cash and c2sb equiv21ents at the beginning of the year
40,954
49,008
Cash and cash equivalents at the end of the year
63,291
40,954
Relating to:
Cash at bank and ID hand
63,291
40,954
The accompanying accounting policies Ind notes forni part of these fingTrcial statements
Page 18

ANDERSONSTOWN TRADITIONAL AND CONTEMPORARY MUSIC SCHOOL
NOTES TO THE FINANCIAL STATEMENTS
FOR TE￿ YEAR ENDED 31ST ￿CH 2023
I. DONATIONS AND LEGACIES
Unrestricted Restricted
Funds
Funds
Unrestricted Restricted
Funds
Fund$
2023
2022
Donations
General grant5 provided by governrnentlother chariti¢s
Legacies
1.045
1,045
1.277
1.277
9,915
9,915
1.045
1,045
1,277
9.915
11,192
2. INCOME FROM INVESTMENTS
Unrestricted Restricted
Funds
Funds
Unrestricted Restricted
Funds
Funds
2023
2022
Income from UK listed invcstments
Income from cash
3. INCOME FROM CK41UTABLE ACTIVITIES
Unrestricted Restrieted
Funds
Fllnds
Unrestricted Restricted
Funds
Funds
2023
2022
Arts Coun¢il of Northern Ireland
BBC Children in Need
Belfast City Council
Arts and Business- Blueprint Programme
Arts and Business- Matching InvestmeniProgramme
Screen Nl
Class fees
Service Provision
Examination fees
49,791
2.500
49,791
2,500
40,790
10,000
10,000
40.790
10,000
io,ooo
27.000
3,990
21.919
27,000
3,990
21,919
14,532
14,435
580
14.532
14,435
580
11.684
11.684
829
829
29.547
105,200
134.747
12,513
60,790
73,303
4. INCOME FROM OTHER TIL4Dif4G ACTlVtTIES
UTrrestricted Restricted
Funds
Funds
Unrestricted Restricted
Funds
Funds
2023
2022
Fundraising
Page 19

ANDERSONSTOWN TRADITIONAL AND copifEMPORARY hfUSIC SCHOOL
NOTES TO THE FINANCIAL STATEMETrrrs
FOR THE YEAR ENDED 31ST MARCH 2023
S. EXTENDITURE ON IL41SING FUNDS
UnrestTiCted Restricted
Funds
Funds
Unrestricted Restricted
Funds
Funds
2023
2022
Promotional and ￿ndraIsIng costs
6. LKPENDITURE ON CHAIUTABLE AcfivITIES
Unrrftrieted Restricted
Funds
Funds
Unrestricted Restricted
Fllnds
Funds
2023
2022
Wages and salarics (See Note 8)
Travel costs
Artisti¢ ¢osts
Venue hire
Examination fees
Membership fecs
Workshop and cl&8s materials
Postage, printing and stationery
Recruitment costs
Sundry expenses
Maintenance of equipment
11.495
86
8.243
3.700
580
931
47.717
59.212
86
26,880
3.700
580
931
8,414
39.905
48,319
18,637
175
20.800
20,975
829
684
230
1,374
38
829
684
230
1.374
38
815
815
121
1.138
121
1.138
290
290
27.109
66J54
93,463
11,744
60,995
72,739
Support Costs and Governance costs
Management training
Telephone and intemet
Repairs and maintenance
COVID-19 Storage costs
Light and heat
Rent and services
Insurance
Audit fees
Legal and other professional fecs
Annual return fee
Bank interest and charges
Webslte sUPPOrt and IT support
Depreciation (Nole 9)
476
1,691
750
1,226
1.691
36
1.771
36
1.771
864
864
3,663
4.596
969
I,5￿)
2,923
13
181
2.212
3,309
864
864
2,773
4,596
909
1,500
3,663
2.773
4,596
969
1,51KI
4,596
909
1,096
404
2,923
13
13
160
13
160
2,245
3,309
2.212
3.309
2,245
3,309
15,811
7J36
23.147
8,466
9,710
18,176
TOTAL EXTENDITURE ON CEL4RtTABLE ACTtVITIES
42,920
73,690
116,610
20,210
70,705
90,915
Page 20

ANDERSONSTOWN TII4DITIONAL & CONTEMPOIURY
MUSIC SCHOOL
NOTES TO THE FINANCIAL STATEMENrs
FOR THE YEAR ENDED 31ST MARCH 2023
7. NET {OUTGOING)I INCOMING RESOURCES FOR THE YEAR
This is stated after chargingl(crediting)
2023
2022
Auditors remuneration
Depreciation
1,500
3,309
1,500
3,309
8. SALARY COSTS AND EMOLUMENTS
2023
2022
Total staff costs were as follows:
Wages and salaries - key management personnel
Wages and salaries - other staff
Employer social security costs - key management personnel
Employer social security costs - other staff
Employer pension costs - key management personnel
Employer pension costs - other staff
Employer social security Costs - Ststutory Maternity Pay Recoverable
Employer social security costs - Employment Allowance
26,727
30,758
2,653
1,671
802
923
26,727
20,196
2,468
1,054
802
594
4,322)
3,522
59,212
48,319
The average monthly number of employees during the year was as follows:
2023
Number
2022
Number
No employees had emoluments in excess of £60,000 (2022: £Nil)
Trustees, remuneration and benefits
There no trustees, remuneration or other benefIts for the year ended 31 st March 2023. (2022: £Nil)
Trustees, Expenses
There were no trustees, expenses paid for the year ended 31 st March 2023. (2022: £Nil)
Page 21

IINDERSONSTOWN TRADITIONAL & CONfEMPOIL4RY
tUSIC SCHOOL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023
9. TANGIBLE FIXED ASSETS
Office
Equipment
Total
COST
As at 1st April 2022
20,381
20,381
Additions
Disposals
As at 31st March 2023
20,381
20,381
DEPRICIATION
As at 1st April 2022
17,071
17,071
Charge for year
Eliminated on disposal
3,309
3,309
As at 3 1st March 2023
20,380
20,380
Net book value 2023
Net book value 2022
3,310
3,310
Page 22

ANDERSONSTOWN TIL4DITIONAL & coNfEMPORARY
MUSIC SCHOOL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST ￿RCH 2023
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
Debtors
Prepayments
Refundable deposits
8,260
580
1,250
8,270
584
1,250
10,090 10,104
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
Social security Costs and other taxes
Accrued expenses
Deferred income
755
5,381
654
3,150
2,500
6,136
6,304
12. MOVEMENT IN FUNDS
Opening Net Movement
Balance
in Funds
2023
2022
Overall funds
48,064
19,182
67,246 48,064
48,064
19,182
67,246 48,064
13. RECONCILIATION OF OPEII4TING PROFfr TO NET CASH FLOW FROM
OPERATING AcTI￿TIEs FROM OPERATING ACTIVITIES
2023
2022
Operating Surplus/(Deficit) for the year
Depreciation
Movement in debtors
Movement in creditors
Gain on investments
rofit)Loss on disposal of Fixed Assets
Investment income
19,182 (6,420)
3,309
3,309
14 (4,699)
(168) (244)
Net cash inflowl(oufflow) from operdting activities
22?37 (8,054)
Page 23

ANDERSONSTOWN TRADITIONAL & CONTEMPORARY
MUSIC SCHOOL
NOTES TO THE FINANCIAL STATEMENrs
FOR THE YEAR ENDED 31ST MARCH 2023
14. UNRESTRICTED INCOME FUNDS
2023
2022
Balance at 1st April 2022
48,064
54,484
Incoming resources for the year
Resources expended for the year
Transfers between funds
30,592
13.790
(42.920) (20,210)
Balance at 3 1st March 2023
35,736
48,064
15. RESTRICTED INCOME FUNDS
2023
2022
Balance at 1st April 2022
Incoming resources for the year
Resources expended for the year
Transfers between funds
105,200
70,705
(73,690) (70,705)
Balance at 3 1st March 2023
31,510
16. LEGAL STATUS
Andersonstown Traditional and Contemporary Music School is a Company Limited by Guarantee.
Each member has agreed to contribute £1 in the event of a compulsory winding up.
Andersonstown Traditional and Contemporary Music School is registered with The Charity
Commission for Northern Ireland Charity Number 103431. Date of registration 17th September 2015.
Andersonstown Traditional and Contemporary Music School is a recognised Charity within the definition
of Section 360(3) Income and Corporation Taxes Act 1970 by the CommissÉoners of the Inland Revenue.
Page 24