ANDEI RSONSTOWN TRADITIONAL & CONTEMPORARY
MUSIC SCHOOL
FINANCIAL STATEI IVIEI NTS
FOR THE YEI AR ENDID 31ST MARCH 2024
( A COMPANY LlITrIlTED BY CUARANTEI E AND NOT HAVING A SHARE CAPITAL)
COIIqPANY REGISTRATION NUMBER N1036660
CHARITY REGISTRATION NUMBER NIC 103431
O'HARA SHEARER
CHARTERED ACCOUNTAINTS AND STATUTORY AUDITORS
547 FIALLS ROAD
BELFAST
BTII 9AB

ANDIRSONSTOWN TIL4DITIONAL & CONTEI MPORARY
EWIUSIC SCHOOL
FINANCIAL STATEMENTS
FOR THE YEI AR El NDII D 31ST ￿IARCH 2024
CONTENTS
Page
Meinbei's and Pi'ofessioiial Advisors
Ti'iistees Annual Repoi't
(iiic ILiding tlie Stateinent of Dii'ectoi's Responsibilities
in I'espect ot" finaiicial stateinents)
Repoi't of tlie Independent ALid itoi's to tlie Meinbei's,
9-11
AccoLintingy Policies
12-14
Stateinent of Fiiiancial Activities (incoi'poi'ating tlie iiicoine and expenditiii'e accoun
15
Balance Sl)eet
16
Stateinent of Casli Flows
17
Notes to tlie Fiiiancial Statements
l8-23

ANDERSONSTOWN TRADITIONAL & CONTEIMPORARY MUSIC SCHOOL
REI PORT OF THE DIREI CTORS AND FINANCIAL STATEMEI NTS
FOR THE YEAR EINDED 31ST MARCH 2024
OFFICERS AND OTHER INFORMATION
Directoi's
O Benson (Chaii-)
V Quinii (Ti'easurer)
P Toliill
G Rajasingh Joseph
N O'Donnell
Di. D Rogei's (Resigned 05109120?4)
Conoi. Mcl<ay (Appointed 1010312024)
Compaiiy Secretai'y
Conor Mclcay (Appointed 1210512024)
Registered Office
Westcoui't Centi'e
8-30 Bai-l'aclc Sti'eet
Belfast
BT124AH
Aii(litors
O'Hai'a Sliearei.
Cliartei'ed Accounlaiils
& Statutoiy Auditoi's
547 Falls Road
Beltast, B T I19AB
B4nkers
Banlc of Ii'elund
202 Andei'sonstown Road
Belfast, B T I19EB
Company Registi'ation Number
Nl 036660
Cliai'ity Registration Number
XR 33007
ClJaR'ity Commission for Nortliern Ireland Registration Number
NIC 103431
Registei'ed Cliai'ity Name
Andei'sonstown Traditional & Conleinpoi'ary Music School
Page I

ANDIRSONSTONfvTh TIUDITIONAL & CONTEMPORARY
MUSIC SCHOOL
FILNANCIAL STATEI MENTS
FOR THE AR ENDED 31ST MARCH 2024
STATEI MENT OV ACCOUNTING POLICIES
Accounting Coiivention 4qnd Basis of Accounting
Tlie fiiiaiic ial stateinents have been pi'epai'ed iiiidei. tlie Iiistorical cost convention.
Tlie fiiiancial stateiments have been pi'epai'ed in accordaiice witli Accounting and Repoiting by Cliai'ities:
Stateinent of Recoinineiided Pi'actice applicable to cliai'ities pi'epai'ing tlieir accoiints in accoi'dance witli
tlie Fiiiancial Repoi'tingr Standai'd wl) ich appl ies in tlie UIC and RepLiblic ot. Ii'eland (FRS I02)
(effective l JaiiLiai'y 2015) (Cliai'ities SORP (FRS 102)), tlie Financial Reportingy Standai'd appl icable
iii tlie UIC and RepLiblic of Ii'elaiid (FRS 102) and tlie Coinpanies Act 2006.
Going Concern
At the tiine of appi'oving7 tlie finaiicial stateinents, tlie ti'ustees, have a I'easonable expectation tliat tlie charity
lias adeqLiate I'esoLlI'ces to continue in opei'atioiial existence for tlie foi'eseeable fiitui'e. TIILIS tlie ti'ustees,
coiitinLie to adopt tlie goiiig concei'n basis of accoLinting in pi'eparing the financial stateinents.
InLome Recognition
IncoiT)e is I'ecognised wlien tlie Chai'ity lias eiititleinent to tlie fuiids, aiiy pei'foi'inaiice conditions attaclied
to the iteiii(s) of inLoine liave been Inet, it is pi'obable tliat tlie incoiiie wil I be reLeived and tlie ainoiint
can be IneasLlI'ed I'eliably.
Interest Receivable
Intei'est on t'unds lield is inclLided wlien receivable and tlie amoLllIt cali be IneasLlI'ed rel iably. tliis is
norinal Iy Lipon noti frication ot tlie intei'est paid oi. payable by tlie Baiilc.
Resources Expended
Al l expenditui'e is accoLinted foi. on an accrLials basis and is classified undei, headings tliat aggi'eg7ate all
costs related to the categyory.
FLindraisiiig costs iiicliide tlie costs of advei'tisiiig, producing PLibl ications, pi'intingy and mailing fiindi'aising
matei'ial, and staff costs iii tliese ai'eas.
Costs of charitable activities include direct expend itLlI'e incuri'ed tlii'ough opei'ational activities.
Govei'nance costs repi'eseiit tlie costs associated witli tlie governance ai'rangements of the chai'ity whicli
relate to tlie genei'al I'unning of tlie cliai'ity as opposed to tliose costs associated with fuiidraising oi.
chai'itable a¥tivity.
Fixed Assets
All tangible fixed assets are I'ecorded at cost.
Page 12

ANDERSONSTOWN TRADITIONAL & CONTEMPORARY
MUSIC SCHOOL
FINANCIAL STATEMEI NTS
FOR THE YEAR EI NDED 31ST MARCH 2024
STATEI MENT OF ACCOUNTING POLICIES
Continued
Depreciation
Depi'eciatioii is calculated to wi'ite otf tlie cost of fixed assets ovei. tlieii. estimated iisefLII lives
at tlie following rates.,
Office equipinent
33.33 % sti'aight line
Repairs and Renewals
All I'epaii's aiid I'eiiewals al'e wi'itten ot'f as incLlI'I'ed
Pension Co.8ts
Tlie chai'ity does cui'i'ently opei'ate a defined conti'ibLltion pension sclieine.
Debtors and Prepayments
Ti'ade debtoi's and otliei, debtoi's al'e I'ecogiiised at tlie settleiiient ainoLllIt dLie aftei. any discolint offei'ed.
Pi'epayinents al'e valLied at tlie ainoLint pi'epaid net of any ti'ade discolints dLIe.
Creditoi's and Provisions
Ci'ed itoi's and pi'ovisions al'e recogynised wliei'e tlie cliai'ity lias a pi'esent obligration I'esLiltingy froin a past
event tliat will pi'obably I'esu It in tlie tl'lK nsf Ll. of. fiinds to a tliii'd pat'ty and tlie (iinoiint dlie to settlL the
obligratioii can be Ineasui'ed oi. estiinated I'el iably. Ci'ed itoi's and pi'ovisioiis are noi'inally I'eLogriiised at
tlieii. settleinent ainount atlei. al loNvingy foi. any ti'ade discounts due.
Financial Instruments
Tlie Cliai'ity oiily lias tinaiicial assets and f iiiancial l iabi lities of a kind tliat qualify as basic fiiiaiicial
iiisti'uineiits. Basic tinancial instrLiinents al'e in itial ly recogn ised at transaction valiie and subsequently
Iiieasured at theii. settleinent valiie witli tlie exception of ban1< loaiis wliich al'e subseqLieiitly IneasLlI'ed at
aimoitised cost using the effective intei'est Inetliod.
Foreign Currencies
Monetai'y assets and l iabi lities iii foi'eigii ciii'i'encies al'e translated into stei'ling at tlie l'ates of excliange
ru ling at tlie balance slieet date, Ti'ansactions in foi'eign cui'i'encies al'e ti'anslated into sterling at the rate
of exchange I'iil ing at the date of tlie ti'ansaction. Excliange diffei'ences al'e taken into account in arriving
at tlie net moveinent in funds.
Page 13

ANDEI RSONSTOWN TRADITIONAL & CONTEIMPORARY
LWIUSIC SCHOOL
FINANCIAL STATEMEI NTS
FOR THE YII AR EI NDED 31ST MARCH 2024
STATEMENT OF ACCOUNTING POLICIES
Coiitiiiiiecl
Fund Accounting
Uiii'esti'ioted fiinds al'e genei'al fLinds tliat al'e available for use at the Triistees, disci'etion in fLlltliei'ance of
tlie objectives of tlie cliai'ity.
Desigiiiated fiiiids al'e iinrestricted fLiiids set aside by tlie tl'LlStees oiit of Lini'esti'icted fiinds foi. specific
fLItLlI'e PLirposes.
Resti'icted fuiids al'e those given foi. Lise iii a partiCLilai' ai'ea oi. foi. specific pui'poses, tlie use of wliicli is
I'esti'icted to tliat ai'ea oi. PLlI'POSe.
Tlie iiicoine i'eceived fi'oin flindei's depends oli tlie cliarity Ineeting detailed ci'iteria oli expeiises plaiis.
Gi'ants given Liiid¢r sucli coi)ditioiis al'e also giveii siibject to tliem beiiig obtaiiied foi. in coiiiiectioii witli tlie fui'tliei'aiice of tl)e
oliai'ity's aiins aiid objectives.
Siich iiiooine cali be I'epayable to tlie fLiiidei' if sucli e.xpeiises plaiis aiid ci'itei'ia are not Inet.
SLicli iiiooine is only defei'i'ed wlieii tlie donoi. specifies tliat tlie gi.aiii/doiiatioii InLlSt only be used in fiitiii'e a¢coLlllting pei'iods,
oi. tlie doiioi. lias iinposed ¢oiiditioiis wliicli InLlSt be iiiet befoi'e tlie cliai'ity lias Liiicoiiditioiial eiititleiiient.
Iiicoine ti'oin cliai'itable activities iiicl Lides incoine I'eceived Lindei. coiiti'act oi. wliei'e eiititleineiit to gi'aiit fLiiiding is subject
to specitic pei'foi'inaiice coiiditioi)s is I'ecogyiiised as eai'iied as tlie I'elated goodslsei'vices al'e pi'ovided.
Gi'aiit iiicoin¢ iiicliided iii tliis catebyoi'y pi'ovides fLiiidiiigy to siippoit pei'foi'maiice activities and is I'ecogFiiised wliei'e
tliei'e is eiititleiiieiil, cei'tainty of receipt aiid Ilie ainoLllIt can be IneasLlI'ed witli sufficient reliability,
Iiicoine is defei'i'ed wlien,, feeslpei'foi'inaiice I'elated gi'aiits are received iii advaiice of tlie pei'foi'inaiicelevei)t to
wliicli they relate.
Reserves Policy
Uiii'esti'icted fLinds al'e iieeded to pi'ovide fLiiids wliicli can be applied to specific pi'oje¢ts lo enable
tliese pi'ojects to be Liiiderlaken at short iiotice, to covei. tlie I'iiniiiiigT Costs of tlie Cliai'ity foi, a liinited
pei'iod slioLild tliei'e be a sigiiiticaiit slioitfall iii projected incoine, and to allow for ii)vestinent iii Cliaiibye/Slrategic
Developineiit iiiitiatives. Tliis policy is CLlI'rently undei. I'eview,
Page 14

.4INDERSONSTOII'N TR.IDITIONI AL & co￿'T[l NIPOII,IRY
I,ILI,SIC SCIIOOL
sTATE￿,[ENT ()r r4 INI ANCI,IL IlCTlVI'I'I rs
the iiic(bme Aiid e
roR THE YCAR fi NDF,D 31ST ￿[ARc.H 21124
eiiditui'e accoiint
Uni'estriL'teil Resti'icted EDd(i)vnment TOT.KL TOTAL
riuiids
Fi uiid5
2024
2D23
IN'OTEI S
IINCOIllE AND ENDoNvNfvlEiNTS FROII.,
Donations and lega¢ies
li)Lonie Iroin investiiients
357
357
1,045
28.926
69,874
98.800 134.747
TOTIIL IINCONIL IKND £1 NDoW1N￿,1[4 INTS
29,283
6l),M74
99,157 135,71)2
XPEI INDITURI ON:
ExpeiiditiiiE on I'aising fiiiids
E"Ypenditiii'e on cliai'itablL Qctivities
OtliLr e.XPLndilui
Nel gdiii¥l(lts%%Ls) on invesli)i¥nls
38,518
88,469
126,987 116,610
TOI'¢KL RLSOLIRCII S EI XPENDED
38,518
88,469
12(1,987 116.610
i [1 T IIYc()￿lI,:l{cYpc4 NDITURL)
11),2311
(27,831I} 1(),1112
Ti'aiibl¢i's1)¥tii(gen fuiids
NEI T INIOIIE4 INIEN'T IIN FIJIND
11),23f I
127,8311) 11),182
Rfi CONCILlèlTIOP4 or riUiNDS
T()TAL I", IINDS IIIIOUGI.IT fioRIVAIID
35,73(1
31.510
()7,246
411,11()4
TO'I'AL FUNDS CARIIIED fiolIIVIlRD
12
39,41C)
67,246
yliilLmciit iifTiitiil RoLngniyLhd (J41ins Iin(l Lo¥ycy Iiiiy niit lieen pi'epiiri'(I
All lif the iibuve iiinnvnly I'Lliit¢ lo cvnlirtiiliig h¢ilvltlL%
Pag¢ 15

ANDERSONSTONVN TIIADITIONAL & CONTEI LMPORARY
MUSIC SCHOOL
BALANCE SHEET
AS AT 31ST MARCH 2024
2024
2023
NOTES
FIXED ASSEI TS
TangTible assets
CURRENT ASSEI TS
Debtoi's and pi'epayinents
Cash at bank
Casli on deposit
Casli in liaiid
10
6,254
40,932
10,090
63,221
70
47,256
70
73,381
Ci'editors: lltnounts falling due Ivithin one year
(7,841) (6,136)
NET CURRENT ASSETSI(LIABILITIES)
39,415
67,245
TOTAL ASSETS LESS cuR￿￿T ASSETSI( LIABILITlfS )
39,416
67,246
Creditoi's: amounts f4illing due aftei. more than one year
NEI T ASSE4 TS/(LIABILITIEI S)
39,416
67,246
FUNDS:
ENDOWNMEI NT FUNDS
UNRESTRICTED INCOMEI FUNDS
12114
26,501
35,736
RESTRICTED INCOMI FUNDS
12115
12,915
31,510
39,416
67,246
Tliese financial statements wei'e appi'oved by the Ti'ustees on 29tli Noveinbei, 2024
and are signed on tlieir behalf by.,
VALE
TREIASURER
INN
DATE 29th Novembei. 2024
The nccompllnylng llecountlng policies And notes form part of these finql llciqc I statements
Page 16

ANDERSONSTOWN TRADITIONAL & CONTEMPORARY
MUSIC SCHOOL
STATELVIENT OF CASH FLOWS
FOR THE YEAR ENDED 31ST MARCH 2024
2024
2023
NOTES
CASHFLOWS FROM OPERATIING ACTIVITIEI S
Casli geiiei'ated fi'om opei'ations
13
(22,289)
22,337
Net casli iiiflowl(OLltflow) fi'oin opei'ating activities
(22,289)
22,337
Investing activities
Investmeiit iiicoine
Piii'cliase of tangible fixed assets
Acquisitioii of iiiv¢stin¢nts
Disposal of iiivestineiits
Disposal of taiigible fi,xed assets
Net cash from investing ilctivities
Inci'easel(decrethse) iii casli nd cash equivaleiits in tlie year
(22,289)
22,337
Casli and casli equivuleiits at tlie begiiining of tlie year
63,291
40,954
Cllsli and casli equlvalents at the end of tlie yeai.
41,002
63,291
Relatiiig to,.
Cusli at baiik and in hand
41,002
63,291
Tlie AccomiJAnyliig A¢coiinting policies And Iiotes form pni't of tliese finiincifil statements
Page 17

ANDEI RSONSTOWN TRADITION,KL AND CONTENqPOIL4RY IVIUSIC SCHOOL
NOTES TO THE fiiNANCIAL STATEI fvlENI'S
IOR TTrIE YEAR ENDII D 31ST MARCH 2024
I, DONATIONI S AND LEGACIES
LTnresti'ieled Restricted
Funds
Funds
Unrestricted Resti'ieteil
Funds
Funds
2024
2023
Donations
Genei'al grants pi'ovided by govei'nnientlotliei. cliai'ities
L¢gLi CILS
357
357
1,045
1,045
357
357
1,045
1,045
2. INCO￿1￿ FRONI I INVESTMEINTS
Uni'esti'icted Restricted
Fuiid5
Uni'esti'icled Restrieted
FuTids
2024
2023
InLome li'oiii UK listed inveslinLnls
Incoine fi'oin ¢asli
3. INcofvll fiRoftrl CHARITABLII ACTIVITIES
ni'estricted Resti'ict¢
Fuiid5
Unresti'icted Restricted
Funds
2024
2023
Arts CounLil ol Nortliei'n Ii'elaiid
BBC CliildiL'n ii) NeLd
B¢llasl City CoiiiiLi
Arl8 and Busii)ess - BIuLPI'iiiI Pi'ogi'ainiiiL
Arts lind Busi1i¢ss - McilLliinbT Ii)vL%li)iLniPI'obii'uiniii¥
Sci'Len Nl
Cliiss ILLS
SLI'VILL Provision
Lxliiniiiiiliun ILeY
46,891
46,891
4(),71)1
2,500
49.791
2,500
27,000
3 ()L)o
21,919
27.000
3,990
21,91()
14,532
14,435
51111
1,710
21.273
1.710
21,273
28,354
28,354
14.532
14,435
580
572
572
28,()26
69.874
98,800
29.547
105,200 134,747
4. INCOlWlI fiR0￿[ OTHEI R TRADIIYG ACTIVITllI S
Uni'e5ti'ieted Rosti'ictc(I
Funds
Unrestricted Resti'ieted
Fiinds
2024
2023
Fundraising
Page 18

ANDERSOINSTOWN TRADITIONAL AND CONTEIWIPORARY f*ltiSIC SCHOOL
NOTES TO THE FINANCIAL STATII IWIEI INTS
FOR THE YII AR II NDII D 31ST IIIARCH 2024
S. EXPEYDITURE ON RAISINI C FUNDS
Uni'e5ti'icted Restricted
Fuiids
Fuiid5
Unresti'icted Restricted
Funds
2024
2023
Proinolional and ftjndriiising costs
6. EXPENDITURE ON CHARITABLE ACTIVITIII S
Uni'esti'ict¢d Re5trictcd
Funds
Unresli'icled Resti'icted
Fuiids
Fuiids
2024
2023
Wages and salai'iLS (See Note 81
Travcl Lostg
Ai'lisliL Ll)sIs
VLnuL hirL
Exuniinalion lees
ILiiibLI'sliip ILes
Nlloi'ksliop and Llass Iniilerials
3,827
225
9.774
4,010
474
917
5U.O07
53,834
225
28,711
4.010
474
917
11,495
8()
8,243
3,7110
580
931
47,717
59,212
8()
26,880
3,700
580
)31
18,937
18,637
530
530
6,177
815
B15
oi'riLe lilout
Re¢i'uilinLnt Losts
8uiidry L%i)enbes
6,177
377
1,475
230
607
1.475
121
21,609
75,351
96,960
27,109
66,354
93,463
Sui)i)oi'l Costs Aiiil Govei'niiiice eosts
1,081
192
447
1,081
2,219
447
8(?4
4.7()2
15,396
1,1125
1,50n
554
13
18(?
476
750
1,226
1,691
TelLI)IIoiiLl ciid inlei'nLI
Repiiii'b InuinlLIiiii)L¢
C()VID. I () Slui'dgL cos15
2,027
8()4
4,71
4,5()()
1,025
1,500
864
8(14
3,()63
4,5()6
9(}()
44
3,6(13
IILnl Lind SLfviLLS
Iiibui'JnLe
Audit ILLS
Le￿IllI iiii(l ulh¥r pi'oli5sionul tees
Aiinual ILlui'n leL
Buiik iiil¢iLs1 and LliiirgFL%
WLbsltL supi)oi'l aiid IT suppoi'l
DepiLLlci1inn (Nule Y)
4,51)6
)r)9
1,5UU
554
2,923
2,()23
13
13
18()
1,980
13
2,212
3,309
2,212
3,30()
16.909
13,118
30,027
15,811
7,J36
23,147
TOTAL EXPENDITUREI ON CHARITABLI ACTlVI'fiES
38,518
811,469
126.987
42,920
73.690 116,610
Page 19

ANDERSONSTOWN TIUDITIONAL & CONTEI MPORARY
MUSIC SCHOOL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
7. NET (OUTGOING)/ INCOIVIINC RESOURCEI S FOR THEI YEAR
This is stated aftei. charging/(crediting)
2024
2023
Auditoi's reinLinei'ation
Depi'eciation
1,500
1,500
3,309
8. SALARY COSTS AND EMOLUMENTS
2024
2023
Total stat't'costs wei'e as follows:
Wages and salai'ies - Icey Inanagyeinent personiiel
Wages and sal(ii'ies otliei. stat"t'
Einployei. social secLirity costs - key Inanageinent pei'sonnel
Einployei. social secLlI'ity costs - otlier staff
Einployei. pension costs - l<ey Inaiiagreineiit pei'sonnel
Eirployei. pension costs - otliei. staft.
Einployei. social secui'ity costs - Stcltiitoi'y Matei'n ity Pay Recovei'able
Employer social secLlI'ity costs - Employment Allowance
26,748
25,490
2,433
1,441
817
779
26,727
30,758
2,653
1,671
802
923
3,874)
4,322
53,834
59,212
The averc1ge montli ly nLiinber of einployees diiringy tlie yeai. was as follows:
2024
Number
2023
Number
No einployees had einolu2neiits in excess of £60,000 (2023., £Nil)
Trustees, remuneration and benefits
Tliei'e was no ti'iistees, remunei'ation or othei. benefits foi. tlie year ended 3 1st Mai'ch 2024. (2023.. £Nil)
Trustees, E¥penses
Thei'e wei'e no trLlStees' expenses paid foi. the yeai. elided 31 st Marcli 2024, (2023.. £Nil)
Page 20

ANDERSONSTOWN TRADITIONAL & CONTEMPOIURY
MUSIC SCHOOL
NOTES TO THE FINANCIAL STATII MENTS
FOR THE YEAR El NDED 31ST MARCH 2024
9. TANGIBLE FIXED ASSETS
Office
Eqiiipmeiit
Total
COST
As at I st Apiil 2023
20,381
20,381
Additions
Disposals
As at 31 st Maicli 2024
20,381
20,381
DEPRECIATION
As at 1st Apiil 2023
20,380
20,380
Clicll'gye foi, yeai.
Eliininated on disposal
As at 31 st Mai'cli 2024
20,380
20,380
Net boolc valLie 2024
Net book valLie 2023
Page 21

ANDIRSONSTOWN TRADITIONAL & CONTEMPOIL4RY
MUSIC SCHOOL
NOTES TO THE FINANCIAL STATEI MEI NTS
FOR THE YEI AR El NDED 31ST MARCH 2024
10. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Debtoi's
Pi'epayineiits
Refundiible deposits
3,590
1,414
1,250
8,260
580
1,250
6,254 10,090
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEI AR
2024
2023
Social secLlI'ity costs and otliei. taxes
Acci'Lied expenses
Defei'i'ed incoine
417
7,424
755
5,381
7,841
6,136
12. MOVEMEI NT IN FUNDS
Opening Net Movement
Biilance
in Fuiids
2024
21123
Ovei'all fuiids
67,246
27,830
39,416 67,246
67,24C?
(27,830) 39,416 67,246
13. RECONCILIATION OF OPERATING PROFIT TO NII T CASH FLOW FROM
OPli RATING ACTIVITIEI S FROM OPli RATING ACTIVITIEI S
2024
2023
Opei'ating Sui'plus/(Deficit) foi. tlie year
Depi'eciation
Moveinent in debtoi's
Moveinent in creditors
Gain on investments
(Pi'ofit)/Loss on disposal of Fixed Assets
Investineiit income
(27,830) 19,182
3,309
14
(168)
3,836
1,705
Net cash inflowl(outflow} from operating activities
(22,289) 22,337
Page 22

ANDERSONSTOWN TRADITIONAL & CONTEMPORARY
MUSIC SCHOOL
NOTEI S TO THE FINANCIAL STATEMENTS
FOR THI YEAR ENDID 31ST MARCH 2024
14. UNREI STRICTEI D INCOME FUNDS
2024
2023
Balance at I st April 2023
35,736
48,064
Incoining I'esoui'ces foi. the year
Resoui'ces expended for the yeai.
Ti'ansfei's between fLinds
29,283
30,592
(38,518) (42,920)
Balance at 31 st March 2024
26,501
35,736
15. RESTRICTED INCOME FUNDS
2024
2023
Balance at I st Apri12023
31,510
Incoin ingr I'esoLlI'ces foi. the year
Resoui'ces expended foi. tlie yeai.
Ti'aiistei's between funds
69,874 105,200
(88,469) (73,690)
Balance at 3 1st Mai'cli 2024
12,915
31,510
16. LEI GAL STATUS
Andei'sonstown Ti'aditional and Conteinpoi'ai'y MLISIC Scliool is a Coinpany Limited by Guai'antee.
Eacli meinbei. has agii'eed to conti'ibute £ l in the eveiit of a compulsoi'y winding up.
Andei'sonstown Ti'aditional and Contempoi'ai'y Miisic Scliool is registered with The Chai'ity
Coininission foi. Noitliei'n Ii'eland Chai'ity NLimbei' 103431. Date of registi'ation 17tli September 2015.
Andei'sonstown Traditional and Contempoi'ary Music School is a recognised Cliai'ity witliin the definitioii
ot. Section 360(3) Income and Coi'poi'ation Taxes Act 1970 by the Commissionei's of the Inland Revenue.
Page 23