ANDIRSONSTOWN TRADITIONAL & CONTEI TrIPORARY MUSIC SCHOOL FINANCIAL STATEIMENTS FOR THE YEAR ENDED31ST MARCH 2024 REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBEI RS, Opinion We have audited tlie financial stateinents of Aiidei'50nstown Ti'aditioiial & Conteinpoi'ai'y Miisic Scliool (the 'chai'ity') foi. the yeai. ended 31 Mai'ch 2024 wliich coinpi'ise the Stateinent of Financial Activities, the Balance Slieet, tlie Statement of Cash Flows and the notes to tlie financial stateinents, including a suininai'y of significant accounting policies. Tlie financial i'epoiting fraiT]ewoi'lc that hc1S been applied in theii. pi'epai'ation is applicable law and United Icingdoin Accoiintiiig Standards, including Financial Reporting Standai'd 102 ThLf117a17cial RLpoi'fi17g Siandai'd ci])plical)IL 117 the UK and RLpziblic of Ii'ela17(1 (Uiiited Icingdom Genei'ally Accepted Accounting Pi'actice). In oui. opinion, tlie financial stateinents: give a tl'Lie and fair view of the state of the cliai'ilable coinpany's affaii's as at J l Mai'cli 2024 and of its incoiniiig I'esoui'ces aiid application of I'esoui'ces, including its iiicoine aiid expenditui'e foi, the yeai. tlien ended. liave been pi'opei'ly pi'epai'ed in accoi'dancc with the Financial Repoiting Standai'd applicable in the UIC and Republic of li'eland (FRS 102) (effective l Janauai'y 2015) (Chai'ities SORP (FRS102)), the Financial R¢poi'ting Standai'd applicable in tlie UIC and Republic of li'eland (FRS 102). have been pi'epai'ed in accoi'dance with tlie reqiiii'einents of the Coinpunies Act 2006, Busis for opinion We coiiducted oui, aLidil iii accoi'dance witli Inlei'niL tional St£liidai'ds on Auditing (UK) (ISAS (UK)) and applicable law, Oui, I'espoiisibilities uiidei. those standards are furthei, desci'ibed in tlie Audiloi s responsibilities foi. the audit of tlie accounts sectioi) of oui, I'epoi't, We &i'e independent of the cliai'ity in accoi'd£ince witli t11e etliical I'eqLllI'eiiients that al'e I'elevant ro oui. audit ot Ilie <iccounts iii Ilie UK, inclLidingF tlie FRC'S EtIIiLal Slandai'd, and we liave ful fi I led oui. otliei. etliical I'esponsibil ities in c1LCOI'dcince ivitli Iliese reqLliI'e111ents. We believe that tlie audit evideiice we liave oblaiiied is sufficiunt and appi'opi'iate lo provide a b<1SiS foi. OLII, opinion. Coneliisions reltsting to going concei'n We Iiav¢ notliing to I'epoi't in I'espect of the follolvingy mallei's in I'clation to wliich the ISAS (UIC) requii'e us to I'epoit to you wliei'e,, the tl'LlStee5' use of tlie going concern basis of accounting in tlie pi'eparation of the financial statements is not appi'opi'iate; oi, the ti'ustees liave Iiot disclosed iii tlie financial stateinents any ideiitified Inatei'ial uncei'tainties that Inay cast siL>nifiuant doubt about the chai'ity's abi lity lo contiiiue to adopt tlie Lyoingy concei'n basis of accounting foi. a pei'iod of at least twelve Inoiiths fi'oin the date when the financial stateinents al'e autliorised for issue. Othei. inforination Tlie otliei. infoi'ination coinpi'ises the iiifoi'ination included in the annual i'epoi't, other than tlie financial stateinents and oui, auditoi s repoi't tliereon. The ti'ustees al'e I'esponsible foi. tlie othei. infoi'mation. Our opinion on the financial statements does not covei. the otliei. iiifoi'mation and, except to tlie extent otliei'wise explicitly stated in oui, I'epoit, we do not e.xpi'ess any foi'm of assui'ance conclusion thereon. In connection with oui. audit of the financial staternent5, oul, I'esponsibility is fo read the othei. infoi'niation aiid, in doing so, considei. whethei. the othei. infoi'mation is Inatei'ially inconsistent with the financial stateinents oi. oui. Icnowledge obtained in the audit oi. othei'wise appeal's to be inatei'ially misstated. If we identify such matei'ial inconsistencies oi. appai'ent rnatei'ial mi55tatements, we are I'equii'ed to deterinine whether thei'e is a mater'ial misstateinent in the financial stateinents oi. a matei'ial mi55tatement of tlie othei, infoi'mation. If, based on the woi'k we have pei'formed, we conclude that thei'¢ is a inaterial misstateTnent of this othei. infoi'mation, we are required to i'epoit that fact. We have nothing to repoit in this regai'd. Page 9
ANDCRSONSTOWN TRADITIONAL & CONTEI MPORARY
iWIIJSIC SCFIOOL
riiYAINCIAL STATEIVIENI TS
roR THE YfiAR EINDED31ST ftriARC14 2024
REPORT OF THE INDEPEIYDETriT AUDITOR TO THE NI[1 1Bl RS,
Miittei'5 on whicli w¢ al'e requii'ed to I'epoi't by exception
In Il)e libyhi of Ili¢ knoivledge <iiid ui)dLI'Staiiding ol'ilie Ti'ustees and ils environment obiaincd in the course ol. the audit, we
liave nol idenlilied Inatei'ial Inisstdlctnenls in the Ti'uslees, RLPOrt.
We liave ni)Iliing to I'LPOI't in rcspeLI ol Il)e li)Iloiving Iniittei's in I'elalion io wlii¢l) Ilie Coinpanies Act 2006 I'eqiiires lis lo
I'epoi1 to you il'- in oiii. opiniuii..
sutIiLieiit aLLnuiiliiig I'ccoi'ds hailtt not been kept; oi.
IIIL IiiianLial Staleinenls al'e not in agiecinciit iviili IIiL aLCaUllting I'eLOI'ds', or
ce11aiii disclosui'¥s ol tl'Lislees' I'einiiiityi'alion speLiticd by law al'e iiol iiiade: oi.
Ive l)&ve not r¥cLiI'ed all tlie intoriiialion and Lxplanatioiis ive re4uiI'e lor Qui. aLidil.
Resi)onsibilitie$ of ti'ustees
A% exi)laiiied Inoi'c liillv in Ilie Sialemenl ot Ti'usleL's' Respoii%ibiliiies, Ili¥ Ii'usl¥LS. WIIO &i'L al80 the diiecloi's ol. Il)L chai'ity
loi. IIIL I)Ul'PI)sL ot IDinpaiiy laiv, aiL' I'espoii8ibl¥ loi. IIIL piLpdi'atiun ol'iliL linaiiLial slL1tLinents dnd loi. being salisliLcl that
they gii'i. a Ii'Ll¢ and trail. vie1¥, uiid loi. 8ucli inlei'i)al conli'ol IhL dii'Lctoi'8 dLlii'ininL is neLLSSal'y lo enable th¥ pi'¥pai'ation
ol. Iinancial slal¥inLllts Iliat al'e Ii'eL li'oin Inalii'ial InisstatLiiiLnt, wlieiliLI' dul lo Ii'uud oi. Li'11,.
L()IILLI'n. di.%¢lusiiig, appliLal)IL, Inatlii'.% iilalid to gJOlllg7 L{)nLLI'n aiid Llblllg) Ili¥ gciing7 L{)IIL¥I'I) basi% ol. aityounliiigj iiiilttss
Aiiditoi s I'esiJoiisil)ilities foi. tlie iiu(lit of tlie finAnciiil stntements
Oui. ol)jLQtives aiL¥ lo ()biuii) IL'a81)iiul)l¢ as8ui'EinLe al)i)Lil ii'heil)ei' Ili¥ IIiiuiiLiJI %latLIl)Ll)18 as a ivlioll ui'¥ Iiye Ii'oiii iiialei'ial
IhL4e I InanLiiil slalLineiil%.
Ii'i'egjulai'ilius. iiiLludin&y I'ruud, al'e i1ist&illLLS ol. naii-Luiiiplioiici willi l&iiVS aiid I'Lgyiilalions, We dLsig71) PI'OLeLlurLs in lili¢ willi
uiii. rLspi)nsibililiLS. ouiliiigd ub(}iie, ID dLILLI i))alLI'iul Ini5.%lolenieiitS 111 I'LgPLLt ol. ii'i'vgului'ilie.%. iiicluding Ii'uud. TIIL exlent
lo ivl)iLI) oiii. pi'oLedui'¥s ai'¥ capablL ol'dLtectiiig ii'i'egului'ilies. inLILidiiig7 Ii'aiid. is delail¥d l)elvw,
I xi)laiiiition fis lo ivliat extent tlie iiudit Ivlls con5idei.eil cnpnble of deteetiiig ii'i'egullll'ities, Includiiig fi'llud
Tlie objectives ol oui. audit in r¢spect ul fi'aud. ale lo idlnli ly and as.%esq Il)c I'i8k5 01 niul¢riul Inisstalement ot IliL Iiiiun¥ial
sl<ilemenl8 duL to fi'aud,. lo obiuiii %ulfiLiLnl 1¢ PPI'opI'ialu uudil ¢vidLllCg I'cgGlI'ding tlie asbessLd I'isk8 ol'inalLI'ial IllibSlaleinent
diie lo Ii'LiucI. tl)I'ougli (lesigiiing and iini)ILillLnlii)g ¢iPPI'OPI'iale I'e%pon8c8 to IIJ05e absebs¢d I'isks., and to I'cspond Jppi'opi'iolely
to 1llSt<inces ol. Ii'aucl oi. SUbpe¢led li'aiid idLlltitlLd dui'iiig Ili¢ audit, FloivLvLI', Ilic pi'iniai'y I'espi)nsibility loi. Il)L pi'¢venlion
and detLLlioii ol li'aLid I'istb willi hotli maiiagJLIIILiII aiid Iliose cliaiged with g7OVLI'I)anie of Ilie Chlli'ity.
Oui. appiDaLli was as fi)Iloivs'.
We obtained Iin ui)dei'slanding ol the legal and I'egulalory I'e4LliI'ement8 &pplicablL to tlie charity aiid con3id¢red
that the most signitlLdnl al'e ilie Coinplliiies Act 2006 and ilie Financial RLPUI'liiigJ Stdndai'd applicable ii) Ilie UK
nd RLpublic ol. Ii'Lland IFRS 102) lettective l Jdnauiy 20151 {Cli<ll'ltiLS SORI) Iriis 102).
Enciuiiy of Inanagciiiinl, those cliaigcd with goi'ei'nan¢¢ and the eiility's soliLilorb ai'ound actual and pol¢i)lial
litigation and clainis.
Eiiquiiy of entity slafi- in coinpli
ANDERSOINSTOWN TRADITIONAL & CONTEINIPORARV
tWIUSlC SCFIOOL
rilNANCI,IL STATEI iTrlENTS
FOR THC YIIAR EI NDEID 31ST MARCH 2024
REPORT or THC IIYDCI PCI NDCI NT AUDITOR TO THEI lE1[BERs,
Auditii)g tlie I'isk of Indnageinent ovei'i'ide ol-conli'ols. including Ilii'ough tLSting jouriial enli'ies and oihei.
adjusliiients toi. appi'opi'iatcncss, and evalualinul Ilie business I'alionale ol'signitlClL nt ti'ansaction5 outside ihe
noi'mal coui'se ol. busiiiess.
AS pail ol. an audit in a¢coi'dan¢e ivith ISAS (UICI we exei'bise profLssional.judg?ein¢nl and maiiilaiii pi'otessioiial sLepliLisin
Il)I'ougl)i)ul the audit. We alsa..
Identity anil usscss Ilie I'isks ol malei'ial Inisqlateiiienl ot thL tinaiiciiil stalcmenls. ii,hetl)ei' due lo Iraud oi. ei'ior,
dLSiL?n and pLI'toi'in dudil pi'ocedui'es I'espL)iisive lo IIIOSL I'isks, and obtaiii auclit cvidenL¥ Ilial is sul'liLieiii aiid
ppi'opi'iate to piY)vide a basis lor oui. opinion. The I'isk ol not dLILclingy a matei'iul iiiisstalcinent iesuliing fi'oin
Ii'aud 18 higlici. tlian tul. UllL Icsuliingy lj'oin ei'roi., as Ii'aud ma), iiivolvc Lollusion. foigei'yi inlcnlional oniissions,
mi81'epi'¥sLlltalioiis, oi. Ilie oilei'ride ol. inlei'nal conii'ol.
Obtaiii ai) undei'8tandingy ol- inlei'nal conli'ol I'clL'vanl lu the audit in oiKler lo design audit pi'ocedui'es Ilial al'e
appi'oi)I'iale in Il)L LiicumslanLe.s. but not loi. IIIL pul'poses of expi'Lssiiig ali opii)ion on Ilie elletyliven¥ss ot Ili¢
oinpaiiy's internal Lonli'ol.
Evaluate Il)e appi'opi'iai¢n¥ss ol'accuunting poliLie8 uyed and IhL rLasonableiies% ot aciounlii)g esliinatLS and
I'elaled disLlosur¥s iiiad¥ by Ili¢ dii'LLtoi's,
ConLliidL oli IhL appiupi'ialei)bss 01 Il)I dii'LLI()I'%' lis¥ ol, IliL goiiigj LunLLI'n b