ANDERSONSTOWN TRADITIONAL & CONTEMPORARY
MUSIC SCHOOL
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025
( A COMPANY LI￿lITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL)
COMPANY REGISTRATION NUMBER NI 036660
CHARITY REGISTRATION NUMBER NIC 103431
O'HARA SHEARER
CHARTERED ACCOUNTANTS AND STATUTORY AUDITORS
547 FALLS ROAD
BELFAST
BTII 9AB

ANDERSONSTOWN TRADITIONAL & CONTEMPORARY
MUSIC SCHOOL
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025
CONTENTS
Page
Members and Professional Advisors
Ti'ustees AnnLial Report
(incliid ing tlie Staleinent of Directors Responsibil ities
in I'e5pect of financial statements)
Report of the Independent Auditors to the Members,
9-11
Accounting Policies
12-14
Statement of Financial Activities (incorporating tlie income and expenditure accoun
Balance Sheet
16
Statement of Cash Flows
17
Notes to the Financial Statements
18-23

ANDERSONSTOWN TRADITIONAL & CONTEMPORARY MUSIC SCHOOL
REPORT OF THE DIRECTORS AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025
OFFICERS AND OTHER INFORMATION
Direetors
O Benson {Chair)
V Quinn (Treasurer)
P Tohill
G Rajasingh Joseph
N O'Donnell
T Gilmore {Appointed 0710312025)
Conor McKay
Company Secretary
Conor McKay (Appointed 12105/2024)
Registered Offiee
Westcourt Centre
8-30 Barrack Street
Belfast
BT12 4AH
Auditors
O'Hara Shearer
Chartei'ed Accountant5
& Slalutory Auditors
547 Falls Road
Belfast, BTI19AB
Bunkers
Bank of Ireland
202 Andersonstown Road
Belfast, BTI19EB
Company Registration Number
Nl 036660
Charity Registration Number
XR 33007
Charity Commission for Northern Irelund Registration iyumber
NIC 103431
Registered Charity Nthme
Andersonstown Traditional & Contemporary Music School
Page I

ANDERSONSTOWN TRADITIONAL & CONTEMPORARY
MUSIC SCHOOL
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025
STATEMENT OF ACCOUNTING POLICIES
Accounting Convention and Basis of Accounting
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 Repoiting Standard which applies in the UK and Republic of Ireland (FRS 102)
(effective l January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable
in tlie UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Going Concern
At the time of approving tlie financial statements, the financial statements are not prepared on a going concern
basis. The Trustees, made the decision on 7th August 2025 to wind down and close the Charity because of
difficulties securing sufficient funding to meetttt budget and cash flow forecasts for 202512026 and meet the
requirements of the charity's unrestricted reserves policy. The Trustees, have made the decision to voluntarliy
cease to operate.
The Trustees, Consider it no longyer appropriate to prepare the financial statements on a going concern basis.
Income Recognition
InLoine is recogynised when the Charity has entitlement to the funds. any perfomiance conditions attached
to the itein(s) of income have been met, it is probable tliat the income will be received and tlie amount
can be measured reliably.
Interest Receivable
Interest on funds held is included when receivable and the amount can be measured reliably. this is
normally 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 fundraising
material, and staff costs in these areas.
Costs of charitable 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 12

ANDERSONSTOWN TRADITIONAL & CONTEMPORARY
MUSIC SCHOOL
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025
STATEMENT OF ACCOUNTING POLICIES
Conlinued
Depreciation
Depreciation is calculated to write off the cost of fixed assets over their estimated useful lives
at the following rates:
Office equipment
33.33 % straight line
Repairs and Renewals
All repairs and ren¢wals are written off as incurred
Pension Costs
The charity does currently operate a defined contribution pension scheme.
Debtors and Prepayments
Trade debtors and otlier debtors are recognised at tlie settlement amount due after any discount offered.
Prepayments are valiied at the amount prepaid net of any trade discounts due.
Creditors and Provisions
Creditors and provisions are recogynised wliere the cliarity has a present obligFation resulting from a past
event that will probably resu It in the transfer of funds to a tli ird party and the ainount due to settle the
obligation can be measured or estimated reliably. Creditors and provisions are normally recogJnised at
their settlement amount after allowing t.or any trade discounts due.
Financial Instruments
Tlie Charity only has tinancial assets and financial liabil ities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recogyn ised at transaction value and subsequently
measured at their settlement value with the exception of bank loans which are subsequently measured at
amortised cost usingi the effective interest method.
Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange
ruling at the balance sheet date. Transactions in foreign 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 13

ANDERSONSTOWN TRADITIONAL & CONTEMPORARY
MUSIC SCHOOL
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025
STATEMENT OF ACCOUNTING POLICIES
Conlinued
Fund Accounting
Unrestricted fiinds are general funds that are available for use at the Trustees, discretion in furtherance of
tlie objectives of the charity.
Designated funds are unrestricted funds set aside by the trustees out of unrestricted funds for specific
future purposes.
Restricted funds are Ihose given for use in a particular area or for specific purposes, the use of which is
restricted to that area or purpose.
The income received from funders depends on the charity Ineeting detailed criteria on expenses plans.
Grants given under such conditions are also giveii subject to tliein being obtained for in connection with the furtherance of the
charity's aims and objectives,
Such income can be repayable to the funder if sucli expenses plans and criteria are not met.
Sucli iiicoine is oiily deferred wlien tlie donor specifies that ilie graiiLldonation must only be Lised in future accounting periods;
or the donor has iimposed conditions which must be met before the charity has iiiiconditional entitlement.
Incoine fi'oin charitable activities iiiclLides incoine received under contract or wliere entitlement to grant funding is subject
to specific performance conditions is recogynised as earned as the related goods/services are provided.
Grant income included in tliis category provides funding to SUPPOrt performance activities and is recognised where
tliere is entitleinent, certainty of receipt and the amount can be measLired with sufficient reliability.
Incoine is deferred when.. feeslperformance related byrants are received in advance of the performance/event to
which they relate.
Reserves Poliey
Unrestricted funds are needed to provide funds which can be applied to specific projects to enable
tliese projects to be undertaken at sliort notice, to cover tlie running costs of the Charity for a limiled
period should tliere be a significant shortfall in projected income, and to allow for investment in Changyelstrategic
Developinent initiatives. This policy is Clirrently under review.
Page 14

ANDERSONSTOIVN TRADITIONAL & COINTENIPOIURI.
IIISIC SCHOOL
STATEIIENT OF FIN.4NCI,11, ACTII'II'IES
the income #nd e
FOR TIII I E.411 ENDF.D 31ST r¥i.IRCH 2Q25
ineor
oralin
enditure aeeount
Ilnrestricted Re5trieted Endiiivnment TOTAL TOT.4L
Funds
Fundy
2025
2024
NOTES
INCOttrlE AND ENI DoWN￿lENT5 FRO￿1.
Donations and legaci¢s
Income from investmenis
Incoiiie froin charituble activities
Incoine from oth¢r trading activiti¢s
3,755
3,755
357
35,041
125.451
160,492
98,800
TOTAL INCONIE AND ENDOWNE￿IE1¥Ts
38.796
125,451
164,247
91),157
EXPENDITL:RI ON:
Expendittire on raising funds
Expenditure on Churituble aciivitie5
Otlier expenditure
Net gaIn￿(lOsses) on investnients
1.220
16.596
1.220
167,181 126,987
50,585
TOTAL RESOURCES E,XPENDED
50,585
117,816
168,401 126,987
NET INC.ofwlEIIEXPENDITUREI
111,789)
7.635
(4,154) 127,830)
Translers bett¥een funds
NET ￿10￿.[￿[￿NT IN FI,'NDS
(11,781))
14,1541 {27,8301
RECONC.ILI,II'ION 01," I,'[INDS
TOTAL fiiNDS BROIIGIIT FORW,IIID
26.5111
12.(J15
39,416
67,24
TOTAL fiir*DS CARRIF.D FORWARD
14,712
2fl,Sfll
39,416
The St#temLbnt of Finuneilll AetivitifS includes all giiins And 108ses in tho ytfjr and ih¢r¢fore
Stiitement of 'fotAI Rccolynised Glliny Ln55¢5 hh4 not been prepmred
All of the xhnvL #mounts relote to eontinuing 4ctivitieg
The 4e¢ornpunying *¢counlin¥ polici£s And ihe note¥ p8rt of thtte nll4nciul Jlulern¢ntJ
Page 15

ANDERSONSTOWN TRADITIONAL & CONTEMPORARY
MUSIC SCHOOL
BALANCE SHEET
AS AT 31ST MARCH 2025
2025
2024
NOTES
FIXED ASSETS
Tangible assets
CURRENT ASSETS
Debtors and prepayments
Cash at bank
Cash on deposit
Cash in hand
10
8,414
33,253
6,254
40,932
70
70
41,737
47,256
Creditors; amounts falling due within one year
(6,476) (7,841)
NET CURRENT ASSETS/(LIABILITIES}
35,261
39,415
TOTAL ASSETS LESS CURRENT ASSETS/( LIABILITIES )
35,262
39,416
Creditors: amounts falling due after more than one year
NET ASSETS/(LIABILITIES)
35,262
39,416
FUNDS:
ENDOWNMENT FUNDS
UNRESTRICTED INCOME FUNDS
12114
14,712
26,501
RESTRICTED INCOME FUNDS
12115
20,550
12,915
35,262
39,416
These financial statements were approved by the Trustees on 4th December 2025
and are signed on their behalf by:
VALERIE QUINN
TREASURER
DATE 4th December 2025
The xceompanying aecounting policies And notes form part of these financial statements
Page 16

ANDERSONSTOWN TRADITIONAL & CONTEMPORARY
MUSIC SCHOOL
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31ST MARCH 2025
2025
2024
NOTES
CASHFLOWS FROM OPERATING ACTIVITIES
Cash generated from operations
13
(7,679) (22,289)
Net cash inflowl(outflow) from operating activities
(7,679) (22,289)
Investing activities
Investment incoine
Purcliase of tangible fixed assets
Acquisition of investiments
Disposal of investments
Disposal of tangible fixed assets
Net cash from investing aclivities
Increasel{decrease) in cash and cash equivalents in the year
(7,679) (22,289)
Cash and cash equivalents at the beginning of the year
41,002
63,291
Cash and cash equivalents at the end of the year
33 J23
41,002
Relating to:
Cash &t bank and in hand
33,323
41,002
The accomplnying xecounting polieies notes form part of these finAnci81 statements
Page 17

ANDERSONSTOWN TRADITIONAL AND CONTEMPOIL4RY MUSIC SCHOOL
NOTES TO THE FINANCIAL STATEfvIENTS
FOR THE YEAR ENDED 31ST IWIARCH 202S
I. DONATIONS AND LEGACIES
Unrestricted Restricted
Funds
Funds
Unrestricted Restricted
Funds
Fund5
202S
2024
Dona(ions
General grants providcd by governmcniloiher Charities
Legacies
3,755
3,755
357
357
3.755
3.755
357
357
2. INCOME FROM INVESTMENTS
Unrestricted Restricted
Funds
Funds
Unrestricted Restricted
Funds
Funds
2025
2024
Income from UK listed investments
Income from cash
3. INCOME FROM CHARITABLE ACTIVITIES
Unrestricted Restricted
Fund5
Funds
Unrestricted Restri¢led
Fund5
Funds
2025
2024
Arts CounLiI ofNarihLrn IrLland
Arts Council ol NorihLrn I￿.land - Equipment
Dormant ALLounls Fund
Arts and BusinL55 - Blueprint Programm¢
Afls and Business - MatLhinbY Investinenl Prograrnme
ScrL*n Nl
Class fees
SLfvicL Pri)vi5ion
Examinution lees
46.791
3.561
35.561
18.000
500
21.038
46.791
3,561
35.561
18.000
500
21,038
34.347
46.891
46.891
1,710
21.273
1.710
21,273
28.354
34,347
28.354
694
694
572
572
35.1141
125.451
160.492
28.Y26
69.874
98.800
4. INCOME FROM OTHER TRADING ACTIVITIES
Unrestricted Restricted
Funds
Funds
Unrestricted Restricted
Funds
Funds
2025
2024
Fundraising
Page 18

ANDERSONSTOWN TRADITIONAL AND CONTEMPORARY MUSIC SCHOOL
NOTES TO THE FIIYANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025
S. EXPENDITURE ON RAISING FUNDS
Unrestrieted Restricted
Funds
Fund5
Unrestricted Restricted
Funds
Funds
2025
2024
Promotional and fundraising costs
1.220
1,220
1,220
1.220
6. EXPENDITURE ON CHARITABLE ACTIVITIES
Unrestricted Restrieted
Funds
Funds
Unrestricted Restricted
Funds
Fund5
2025
2024
Wages and salaries (See Not¢ 81
Travel costs
Artisti¢ costs
VenuL hirL
Examination f¢e5
Membership tees
Workshop and closs materials
Postage, printingF and slalionery
oirictt Iitout
ReLruiimenl ¢osts
Sundry expcnses
Maintenan¢¢ ol. equipment
9,577
129
14.750
4,200
689
914
84,801
94,378
129
29,050
4,200
689
914
3,827
225
9.774
4,1110
474
917
50.007
53,834
225
28,711
4,010
474
917
14,300
18,937
906
906
530
530
6,177
6,177
935
1.()85
935
1.985
377
1.475
230
607
1.475
34,085
99,101
133,186
21,60(J
75.3SI
96,960
Support Co$ls and GoverMMn¢e costs
ManagyLmLnt iruining
TelLphone and internet
Repuirs and maini¢nan¢e
Equipfftenl
Sii)ragFe costs
Light and h¢ul
R¢nl and scrviLes
Insurance
Audit fees
Legal an(i other professional f¥es
Annual return lee
Bank inlLrest and char¥cs
Website support und IT support
Depr¢iiation (Nofe 9)
1,285
432
804
3.561
1.285
2,556
878
3,561
864
1,081
192
447
1.081
2,219
447
2,124
74
2.027
864
4,303
4,596
1,034
1,500
864
4,718
4,596
1,025
1,500
864
4,762
15,396
1,025
1.5UO
554
13
186
1.980
613
10,800
44
10,800
15.396
,1134
1.500
554
34
34
186
1.980
1,800
1,800
16,SOO
17,495
33,995
16.909
13,118
30,027
TOTAL EXPENDITURE ON CHARITABLE ACTIVITIES
50,585
116.596
167,181
38,518
88,469 126,987
Page 19

ANDERSONSTOWN TRADITIONAL & CONTEMPORARY
MUSIC SCHOOL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025
7. NET (OUTGOING)/ INCOMING RESOURCES FOR THE YEAR
This is stated after chargingl(crediting)
2025
2024
Auditors remuneration
Depreciation
1,500
1,500
3,309
. SALARY COSTS AND EMOLUMENTS
2025
2024
Total staff costs were as follows:
Wages and salaries - key management personnel
Wagyes and salaries - other staff
Einployer social security costs - key management personnel
Employer social security costs - other staff
Einployer pension costs - key management personnel
Einployer pension costs - other staff
Employer social security costs - Statutory Maternity Pay Recoverable
Employer social security costs - Employment Allowance
34,704
54,975
3,533
4,175
1,041
950
26,748
25,490
2,433
1,441
817
779
(5,000)
(3,874)
94,378
53,834
The average monthly number of employees during the year was as follows:
2025
Number
2024
Number
No employees had emoluments in excess of £60,000 (2024: £Nil)
Trustees, remuneration and benefits
There was no trustees, remuneration or other benefits for the year ended 3 1st March 2025. (2024: £Nil)
Trustees, Expenses
There were no trustees, expenses paid for the year ended 31 st March 2025. (2024: £Nil)
Page 20

ANDERSONSTOWN TRADITIONAL & COINTEMPORARY
MUSIC SCHOOL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025
9. TANGIBLE FIXED ASSETS
Office
Equipment
Total
COST
As at I st April 2024
20,381
20,381
Additions
Disposals
As at 31 st March 2025
20,381
20,381
DEPRECIATION
As at I st April 2024
20,380
20,380
Charge for year
Eliminated on disposal
As at 31 st March 2025
20,380
20,380
Net book value 2025
Net book value 2024
Page 21

ANDERSONSTOWN TRADITIONAL & CONTEMPORARY
MUSIC SCHOOL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025
10. DEBTORS; AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Debtors
Prepayments
Refundable deposits
5,820
1,344
1,250
3,590
,414
1,250
8,414
6,254
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Social security costs and other taxes
Accrued expenses
Deferred income
1,995
4,481
417
7,424
6,476
7,841
12. MOVEMENT IN FUNDS
Opening Net Movement
Balance
in Funds
2025
2024
Overall funds
39,416
4,154) 35.262 39,416
39,416
(4,154) 35,262 39,416
13. RECONCILIATION OF OPERATING PROFIT TO NET CASH FLOW FROM
OPERATING ACTIVITIES FROM OPERATING ACTIVITIES
2025
2024
Operating Surplus/(Deficit) for the year
Depreciation
Movement in debtors
Movement in creditors
Gain on investments
(Profit)/Loss on disposal of Fixed Assets
Investment income
(4,154) (27,830)
(2,160) 3,836
(1,365)
1,705
Net cash inflowl(outflow) from operating activities
(7,679)
22,289)
Page 22

ANDERSONSTOWN TRADITIONAL & CONTEMPORARY
MUSIC SCHOOL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025
14. UNRESTRICTED INCOME FUNDS
2025
2024
Balance at 1st April 2024
26,501
35,736
Incoming resources for the year
Resoiirces expended for the year
Transfers between t.unds
38,796
29,283
(50,585) (38,518)
Balance at 31 st March 2025
14,712
26,501
15. RESTRICTED INCOME FUNDS
2025
2024
Balance at I st April 2024
12,915
31,510
Incoming resources for the year
Resources expended for the year
Transfers between funds
125,451
69,874
(117,816) (88,469)
Balance at 31 st March 2025
20,550
12,915
16. LEGAL STATUS
Andersonstown Traditional and Contemporary Music School is a Company Limited by Guarantee.
Each member has agi'eed to contribute £ l 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 Commissioners of the Inland Revenue.
Page 23