ANDERSONSTOWN TRADITIONAL & CONTEMPOIL4RY
MUSIC SCHOOL
FINANCL4L STATEMENTS
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 ended ) l March 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash
Flows and the notes to the financial statements, including a sumrnary of signifLcant accounting policies. The financial
reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards,
including Financial Reporting Standard 102 Thefinancial Reporting Standard applicable in rhe 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 company's affairs as at J l March 202) and of its incoming
resource5 and application of resources, including its income and expenditure for the year then ended.
have been properly prepaTed in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) (effective l Janauary 2015) - (Charities SORP (FRS102)), the Financial Reporting
Stsndard applicable in the UK and Republic of Ireland (FRS 102).
have been prepared in accordance with the requirements of the Companies 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 Auditor's responsibilities for the audit of the accounts
section of our report. We are independent of the charity in accordance with the ethical requirernents that are relevant to our
audit of the accounts in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities
in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriat¢ to
provide a basis for our opinion.
Conclusions relating to going concern
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 trustees, us¢ of the going concern basis of accounting in the preparation of the financial statern¢nts is not
appropriate; OT
the trustees have not disclosed in the financial statements any identified material uncertainties 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 financial statements are authorised for issue.
Other information
The other infornation comprises the infomiation included in the annual report, other than the financial statements and our
auditor's report theTeon. The trustees are responsible for the other infonnation. Our opinion on the financial statements does
not cover the other infom]ation and, except to the extent otherwise explicitly stated in our report, we do not express any forni
of assurance Conclusion thereon.
In connection with our audit of the fLnancial statements, our responsibility is to read the other infonnatiou and, in doing so,
consider whether the other infomation is materially inconsistent with the financial statements or our knowledge obtained in
the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material
isstatements, we are required to deternine whether there is a material misstatement in the financial statements or a material
isstatement of the other inforniation. If, based on the WOTk we have perforn]ed, w¢ conclude that there is a material
misstatement of this other infonnation, we are required to report that fact.
We have nothing to report in this regard.
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ATrIDERSONSTOWN TRADITIONAL & CONTEMPORARY
MUSIC SCHOOL
FINANCIAL STATEl￿ENTs
FOR THE YEAR ENDED 31ST MARCH 2023
REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS,
Matters on which we Are required to report by exception
In the light of the knowledge and understanding of the Trustees and its environment obtained in th¢ Course of the audit, we
have not identified material misstatements in the Trustees, Report.
We have nothing to report in respect of the following ￿atterS in relation to which the CoEnpanieg Act 2006 requires us to
report to you if, in our opinion:
sufficient aecounting records have not been kept. or
the financial statements are not in agreement with the accounting records. or
certain disclosures of trustees, remuneration specified by law are not made. or
we have not received ail the infonnation and explanations we require for our audit.
Responsibilities of trustees
As explained mor¢ fully in the Statement of Trustees, Responsibilities, the twst¢¢s, who are also the directors of the charity
for the purpose of company law, are responsible 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 directors detennine is necessary to enable th¢ preparation
of financia] statements that are free from material misststemenL whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue &s a going
concern, disclosing, as applicable, matters related to going eoncem and using the goin8 Concern basis of accounting unless
the trustees either intend to liquidak the company or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the flnancial statements
Our obje¢tives are to obtain reasonable assurance about whether the financial statements &s a whole are free from material
misstatement. whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance
is a high level of assurance, but is not a guarantee that an audit conducted in ￿cOrdanCe with ISAS (UK) will alway5 detect a
material misstatement when il exists. Misstatements can arise from fraud or error and are considered material if, individually
or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on th¢ basis of
these financial statements.
Irregularities, including fraud, 8re instances of non-compliance with laws and regulations. We design procedures in line with
our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent
to which our procedures are capabl¢ of detecting irregularities, including fraud, is detailed below.
Explan2tion as to what extent the audit WAS considered capable of detecting irregularitie5, including fraud
The objectives of our audit in respect of fraud, are to identify and assess the risks of material misstatement of the financial
statements due to fraud; lo obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement
due to fraud, thTough designing and implcmenting appropriate responses to those assessed risks. and to respond appropriately
to instances of fraud or suspected fraud idcntified during the audit. However, the primary responsibility for the prevention
and detection of fraud regts with both management and those charged with governance of ihe Charity.
Our approa¢h wa5 as follows..
We obtained an understanding of the legal and regulatory requirements applicable to the charity and considered
that the most significant are the Companies Act 2006 and the Finan¢ia] Reporting Standard applicable in the UK
and Republic of Ireland (FRS 1021 (cffective l Janaury 2015) - (Charities SORP IFRS 102).
Enquiry of management, those Charged with governance and the entity's solicitors around actual and potential
litigation and claims.
Enquiry of entity Staff in compliance functions to identify any instances of any non-compliance with laws and
regulations.
Reviewing financial statement disclosures and testing to supporting documcntation to assess compliance with
applicable laws and regulations.
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ANDERSONSTOWN TIL4DITIONAL & CONTEMP0114RY
MUSIC SCHOOL
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023
REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS,
Auditing the risk of management ove￿ide of controls, including through testing journal entries and other
adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the
normal ¢ours¢ of business.
As part of an audit in accordance with ISAS (UK) we exercise professiona] judgement and maintain professional scepticism
throughout the audit. We also:
Identify and assess the risks of materia] misstatement of the financial statements, whether due to fraud or error.
design and perforn audit pro¢¢dures responsive to those risks, and obtain audit evidence that is sufficient and
appropriate to provide a basi5 for our opinion. The risk of not detecting a material misstatement resulting from
fraud is higher than for onc resulting from error, as frwd rnay involve collusion, forgery, intentional omissions,
misrepr¢sentstion5. or the override of internal control.
Obtain an understanding of interna] control relevant to the audit in order to desi￿ audit procedures that are
appropriate in the circumstances. but not for the puryoses of expressing an opinion on the effectiveness of the
Company's intemal control.
Ev81uatc the appropriateness of accounting polici¢5 used and the reasonableness of accounling estimates and
related disclosurcs made by the directors.
Conclude on the appropriateness of th¢ directors, use of the going concem b￿lS of accounting and, based on the
audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast
significant doubt on the charity's ability to continue as a going concem. If we conclude that a material uncertainty
exists, wc are required to draw attention in our audito￿5 report lo the related disclosure5 in the financial statements
or. if such disclosures are inadequate, to modify our opinion. Our conclusions are b&sed on the audit evidence
obtained up to our auditor's rewrt. However, futur¢ events or ¢onditions may cause the charity to ccasc lo continue
&8 a goin8 Gonccrn.
Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and
whether the financial statements represent the underlying transactions and events in a manner that achieves fair
presentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting
Council's website llt.. http'.Ilwww.fK.or8.uklaudilorsresponsibilities. This description fonns part of our auditor's reporL
We communicate with those charged with govemance regarding. among other matters, the planned 5cop¢ and timing of the
audit and significant findings, including any significant deficiencies in inlemal control thai we identify during our audit.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the
Companies Act 2006 and regulations made under that Act. Our audit work has been undertaken so that we might state to the
charitable company's members those matter5 we are required to state lo them in an auditors, report and for no other purpo$e.
To the fullesi extent perniitted by law, we do not accept or assume responsibility to anyone other than the charitable company
and its mernbers as a body,
r our audit worL for this repo¢ or for the opinions we have fornled.
LAWRENCE SHEARER
.C.A., Senior Statutory Auditor
FOR AND ON BEFL4LF OF O'HARA SHEARER, Statutory Auditor
O'HARA SHEARER
CHARTERED ACCOUNTANTS
AND STATUTORY AUDITORS
547 Falls Road
Belfast
BTI19AB
Dated:
24th November 2023
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