ANDfi RSON.STOWN TRAJ)JTIONAL & CONTF.MI)nllAIIY MUSIC SCIIOOL FINANCIAL STATF.MlI NTS FOII THE YEAII ENDED 31ST MARCH 2026 I A COMI'ANY LIMI'I'I,'I) HY GUAIIAN'I'LE AND NO'I. IIAVING A SIIAIIL CAI>I'I'AL) COMPANY REGISTRATION NUMBER NI 036660 CHARITY IIECISTIIATION NUMBER NIC 103431 O'HARA SHEAREII CIIARTEREI D ACCOUNTANT.S AND STAI'UI"OIIY AUDI'I"ORS 547 FALLS IIOAD BELFAST BTI 19AB
ANI)LI IISONSI'OWN TRADITIONAI. & CONTEI MP()IL41IY IU.SIC. SCIIOOL Ir4ANCEAL S'I'A'fbMLN"I'S riOR THE YEI AR fi.NDEt D 31ST MARCH 2026 CONTEI NTS Members and Prolessional A(IvisuT5 Tivslees Aniiiial Rcporl (incliiding the Sialenienl of DirectOl'5 R¢sponsibRlitics in I'i.spe¢l ol- fiiiancial slalciiicnls) Repoi'c of the Ind¢pendent Auditors to the meinbe, Accoiinling Policie5 12-14 8iateinenl of Financial Activities (in¢orpordlii)¥ Ihe income and expendilure ¢iLLoun 15 BulanLC Shcel 16 Sialemeiit ot Cash Flows 17 Noles lo Ihe Finaiieial Siaiements 18-23
NERsoNOWN TRADITIONAL & CONTEMPOIIAIIY MUSIC %Clln()L REPORI. or TIIE DIRECTOIIS AND FIIYANCIAL s-fA'I'LMbN"I'.4 FOR TFIE YEAR F.NI)ED JIST MAIICII 2026 OFFICF.RS AYD o'rTriri R INFOIIMATI()N Directoi's 0 1S¢iison ILhair} V Quinn (Trcasiirer) P I'oliill IResi8ned 1310112026) G Eiajasinbih Jo%epli IRe5i&iiied 13101120261 N O'Donncll IResi¥neil l)10112026} T Giliiiore Conor mcKY Coiniiany.Seci'elAI'y Loiior M¢Kav Re¥i5tei'ed Office Weslcourt Ccntre 8-30 Bari?ck StrLXt Belfasl BI'1?4AH Aiidilui. O'l laTa Sliearer ChdrlLfLYI AcLuunlanis & Slc1111fOry Audilors 547 Falls Road Belfast, BTI19AB Bank of Ireland 20? Athrs(Jii.%town Road Belf1. BTI 19EB Company R¢gi.%trgti(bn Nuinbei. Nl 036660 Cliarity Regi5ti'#tion Number XR 33007 Cliarily Coniiiiissioii fni- NoE'thern li*14n(l Registrntion Nurnbcr NIC 103431 Rcglst¢i'¢d Clithi'lty Nanie Anthtsonsiown Tr8diiiotial & ConlenipofaTy Music S¢liool Page I
ANDEI RSONSTOWN TRADITIONAL & cowfEMPORARY MUSIC SCHOOL REPORT OF THE TRUSTEES AND FINANCIAL STATEMEwrs roil THE YEAR ENDED 31ST MARCH 2026 Trustees, Annual Report The Trustees, who are also directo for the puryx)ses of company law. have pleasure in presenting their annual reFQrt together with the financial statcmcnls of the charity for the year ended 31 March 2026 which are also ppared to meet the requirements for a directors, report and accounts for ComparÈies Act 2006 purposes. The Trustees confirm that the financial statctnents comply with the requirernents of the Charilies Act (Northern Ireland) 2008 and Accounting and Reporting by Charities.. Statement of Recommended Praclice which applies lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of [land (FRS 102) (effective l Januaiy 2015). Reference & AdtDilliStrative Details Refercnce and administraliv¢ details ar¢ shown in the schedule of and professional advisers on page l of the financial statements. Dire¢tor5 and Truste¢s The direclors of Lhe charitable company are Ils ttee5 for the purpose of cl]-ity law. The Directors and trustees who served the charity during the period were as follows: Olive Benson {Chairperson) V Quinn (Treasurer) Conor McKay (Secretary) Pei1rse Tohill- rebigned l3101r26 Goldston Rajasingh Joseph- resigned 13101r26 Niamh O'Dotmell - resigned 1310 Ir26 Tyler Gilmore Structure. Cov¢rnaDc¢ & M¥nagemeDt GovLrning Document Tlie charity is conlrollcd by ils 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 lo contribute £1 in the event of a compulsory winding up. It is registered as a charity with the Charities Commisbion 1). Appointment of Trustees The Board of I"rustees is reswnsible for the overall govemance of Ilie charity. Truste¢s are elected at the Annual General Meeting by the mem1rS pro8entand the totsl numberof Trustees shall not be less than 3. Trustees shall hold olCe until the next Annual General Meeting following hislher appointment. A retiring Trustee shall be eligible for r¢<le¢lion. The Tru5tecs shall have the power at any time and ftotn lillke to lime lo appoint any person lo be a Truslee, either lo fill a wual vacancy or as an additioi) lo the existin8 Trustees. Any Trustee so appoinl¢d shall hold olCe until the next following Annual General Meeting and shall then k eligible for election.
Despite severnl Board recruitment Campaigns to address Succession planning, we were Linsuccessful in recnjiting any new Trustees with Ihe.skills and necessary experience lo succeed the positions of ChaI)e[Son and Treasurer and enhance Ihe future deveLopment of the School. Ti'utptee Induction Training New Trustees undergo an induction to brief them on their legal obligations under charity and company law. the Charities Commlssion guidarncc orn public ben¢fil, content of the lemoraiiduni and Articles of Association. the IK)ard ol tnJst¢es and deci5ion-niaking processes. policies and procedu. th¢ busiiiess plan and recent financial performance of the charity. Tnislee5 are en¢ournged to attend appropriate external training events where tlie8e will facililale Ilie undertaking of their role. Orglinisation The Board ol Trustees meet monthly and delegales certain iesponsibilities to 11)e Scliool Manager. The School M&iagyer is rebponsible for the day-to-day managemeiit of the affaii's of the charity and for implementing the policies and operdlional plans as agreed by the Board of Truslees. Between meetings of the Board of Trusleeb. the S¢h(K)l Manager reports to the Chairy)ei'son. Tlie School Manager is assisted by the tK)st of Project Dev¢lopmenl Manager, full time Prog17llT]me Co-ordinator and a part time Administralor. Related parties None of the Trustees receive remuneration or other Inefit for their work as trustees with the Charity. Any cotffteclion between a trustee or scnior manager of the chai'ily 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 ¢urr¢nl year. Risk Mlinagement Ttle Tnistees have a risk managelnenl 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 impl¢meiilalioii of procediires designed io minimise any potential impact on the charity should those risks materialise. In providing access and opportunities to people and children. the Clwity recognises that there are polenlial risks to children Èind vulnernble adults. A key element in the maiiagem¢n¢ of this risk is the establishment and implementation of a robust chart of policies and pi'ocedure5 inclilding Privacy Policy. Acce&8 NI Disclosure Check. Child Protection Policy and che renewal and trainin¥ OF yldlT Jnd iutors in these areas. Online Protocols introduced in 20121 where reviewed and maintained througboul the year. The Tiwslees are satisfied that the n¢ce&sary policies and procedures are in place to safeguard staff and participants. and ensure Ihai the nefIts provided outweigh any tential Irm. The second main area of Risk Management has focused on the financial stability of the Charity and lias i'esiilied in the Trustees invcsting in scenario planning in the event of possible futlire funding reductions. A key element in the management of financial risk is via the reserves policy and the Charity's ability to increase unreslricled reserves. To this end, as part of the Charity's Strategic Plan for the period 2021- 2026. we will seek to secure at least three year grdnl funding from aliemalive funders in order to give us the resources lo establish and deliver new comM¢rciallsaleMarket[n8 opportunities and build and blend on activities and styles of delivery. Back in August 25. the Trustees mode the decision to Cease the activities of the Music School at the end of Nov 25 and move for a voluntary windup (strike off) aftei- year end March 26.
This decision was not made lightly. After more than 30 years of providing accessiblc and affordable music education aero&s Belfast. the decision to close was made followiiig significant and sustained financial and environmental pressures. We were tsnsuecessful in securingy lonL' Icrn] ftinding for our posts of Programme Coordinator beyond Sept 25 . full cost recovery for the pobl of School Man<lg7er and Administralor.ftnd in year rising overhead costs. These factors wei'e pi'ominent in our decision. Despite every effort to adapt and 5ccurc thc school's lon lerni $us142inability. our ciirrent model of low cost outreach tuition was no loiiger sustainable. Aligned with this, the intention of long standing Trustees lo niove on following year5 or dedication as volunlary Board eMr8 and several unsuccessfiil Board ircruitment campaign5. effectively ruled out any succession options. Objectives and Activities The piirpose.s of the Charity are= _ (a) advancement of the arts and culture, parliculArly but not exclusively the art of traditional and coiit¢mporary music- (b) advancemcnl ot. education,. (¢) pIDinolion oFsuch other ch'Itable purposes as may from time to limc bc detcrmincd. Tlie m#in activities undertaken in relation ¢0 our purposes In planning the Charities programme of activities for the year. the TNstees have considered tlie Charity Commission's guidance on publi¢ beiiefit including fee charging. Affordability and ncccss lo thc programme is important and in setting the level of class fees, the truslecs give carclLII Lunsiderdlion lo Ilie acLessibilily ofour activilies for tliosc on low incomes. The focus of the Chai'ilies programme is to provide aETordable and accessible opportunities foi. those living within disadvantaged areas of Belfast to engage and participate in niusic activities. This is achieved through the provision of a rolling programme of Irish traditional and coiitetnpoi'aiy music classes. workslHlPS. perforrnanccs and examinations. All of oui. class activities wer¢ now being delivcred face-to-face for our beneficiaries. During the year, our programme of activities delivered ID the period April - November 25, involved- l. Musieal Instrumcnt CI4ss¢s: Pursuing the Charity's purpose ot 'Advanccmcnl of the Arts & Culture. in total we deliv¢r¢d 426 tuloi'ial music classes beiween April - September '25. On average. class delivery eqiialed 10 33 classes per week tlial consisted olour own music class programme and service provision class delivery. All of oiir activities were delivered in disadvantaged area5 of Belfast. Ovei?11, 257 individu1c1s engJged in our music classes, workshops, perforniaiices and other a¢tivities, during tlie April- Nov 25. 2. Performances: In Jiine, we delivered 3 end of terni perforniknce concerts in the outreach venues where our lasses were delivered. Additionally. between April- November, we also engaged in a fui'ihei. 15 p¢rformanees dLtring commiinity lestival events and in the Kennedy Centre mall. The,%e were pei'foiThed by oiir clas5 particitwlts, our main beneficiaries. and in total, approximately 50 paiticipanls look part iii these. We also provided a weekly series of perfomanees in Victoria Square ]d in Hickson's Poin( (lotalling 56 over the period), that attracted in the region of 20,000 audience numbers and who eXrIenCed the beneficiaries showcase their achievement's and talent. 3. Examinations: Thi'ough the Charily's progratnme of activities. the 'Advancernent of Education, was addressed via the provision of music classes. which are stllscttired lo follow the progressive syllabuses of a variety of examinaiion boards. In June. 2 of our pupils engaged in accredited examination5,
via the LCM and RGT Boards {LCM for traditional inslnjmenls and RGT for contemporary guiiar). Both passed, achieving Distinction awards. 4. Workshops: During April - November'25. the Charity's workshop programme entailed the delivery of 22 music workshops. which were delivered in variou5 community venues. These included- Féile. Voice of Young People in Care. and several Nursing Homes. Participants. caine fiDm loeal and various culiiirdl l ethnic backgrounds. Parlicipaiils were provided with tin wlii511¢s, bodluans and guitars. enabling them to leam. experiment and join in. These were designed to en¢oui'age and inspire participation in the arts. Workshops were provided 'free ot charge., and it is eslimaled that 250 individuals attended and iKnefiled Irom the worksliops. Acliievements and Performance The trustees conliniied to meet monthly, face-to-Fdce and also via Zoom whichever was most conveni¢nl. Monthly Board Meelingys provided the forum for planning. timely monitoring, evaluation and budgetary conlrol. Our manager provided monthly project updates to the Board and any variation from the protrf)sed timetable was highlighted. The Board also reviewed how the delivery of our programme was meeting our original targets and the needs of the beneficiaries we serve. Tlirough the Charity's 'Monitoring and Evalualion Procedures.. die Tte¢S used infolatIOn fi'om Registration Fornis, Aitendance Records. Questionnaires and Activity Data, elc. which provided inforniation that allowed the monitoring ot class provision and project, progi'ess. against the main thrgels on a terni by tenn basis. These monthly meelings along with this monitoring & evaluation process highlighted falling participaiit number5 and redii¢ed class pmvision and was a deciding factor in the decision to cease the activities of Ihe Music School al the end of Nov 25 and move for a voluntary windup (strike off) after year end Mai'ch 26. Records of ExaTninalion Entrants, Grades and Pass Rates were updated and re)rted upoii lo intum] the Evaluation Procedure. Participant and Audience numbers attending workshops and performance events were ¢oll¢¢ted on a temi by tern] l ev¢nl by event basis. Feedback from partlCiP<lnts wa5 reviewed througli quesliomiaires. comment fomis. interviews, etc. in accordance with the Charity's procedures. Feedback was also souglit from a wider beneficiary group, e.g.: parents, community workers and Schools. this enabled the Tii]stees lo identify the broader impact of the project on the community. During the fuwThcial year 25r26, The School only operated activities between April-November 25. The table bclow shows the numeric comparison of activities and beneficiarics during 24125 and 25r26. Actual Achievements for 2024 12025 (April 2024- March 2025) 971 47 52 12 566 20.O¢J) Aetugl A¢hievementy fur 2025 12026 (April 2025- NovLmber 2025) 426 22 58 Music Classe5 Workshops Pei'fonnances Examination Entries Participants Audience 257 20,000
"I'lie niain benefits that derive froni the Charity's work and impact directly on the bencficiaries, are.. In¢reiffj %ed Sliills And Per50nMI Development- children and young people living within disadvantaged areas, have access and opportunilies to participllle in affordable arts and cultural activities, where such facilities and resouires would nol b¢ available. develop practical musical skills. leatn-work, self-discipline, Social skills., communication and respeLI ure encouraged and enhanced. encourages crealivily. raises ambition. irnproves confidence and 5elf-esteem. our liitor• ¢ire supportive. give prnise. rea&sure and encourage Ihe ChIldn to progress at their own pace. Increased KdiielltlDnal and Employ#bility Opportunities- participants g)ain accredited music examinations. young people can dcmonslratc Ihcir ability lo apply thcmsclvcs a specific discipline such as music and allainingy an Iiciredited qualifiL(Ilion slrengithens this - Loiitribuling, to Ihcir eduLational and employment opportunities in their future. a positive outcome of Icaming to play a musical inslrumenl, 'in the tUre,, participants are able to demonstratc that Ihcy have ability. disciplinc. confidence and skills that will enhance opportunities wlien seeking employmenl or entry into university. some participants progress to more advanced levels of playing and move OD to learn the skills of leachin and sharing their knowledge with others. Improved Rel4ltionsliips ivith Fiimil)'• Friends i?nd Others- ali oiilcoille of the Charity's activitie4 evidenced on the experience of our tutors, is that yoiing people and children partlLipaling showed positive changes relative lo being disnjptive, restless in class, mixing better, inleractive, attention spans and more attentive. onfirmed by parents. others showed positive changes within and outside of the home MO engaEemenL le&s introveLL better relationships, mixing with olheL3. the Charity'5 programme of activities also impacts positively on young people, especially those who demonstrate shyness: and as a result they are more confidcnt lo e.xpress themselves and show-off their abilities to others, both at a er level, a fatnily wid wider public Icvcl. the Charity's pn)gramme assisted older people lo strengthen social networks, learn something new. build confidencc, improve opportunities to have fun, improve physical and mental well-being. Testimoniii Is from benefieiari¢s hearing about the sehool's closure: "Many good years when my children w¢re younger, thank you"
"So sorry lo hear this. Donal lovcd his Tin Whistle classes and will really miss his Saturday lessons." "Very sorry to hear this. great work and dedication done over many Ye3." "So sony to hear this. my son loved the past few yrs the. Thartyou for everyiliing you taughl hiin & doiie for hts confidence, good luck to you all!" "A real loss to the local community. l am so sorry to hear this." 6. "I'm saddened to hear this ncws." 7. 'This is awful news, this school had been part of my family's upbringing" "Sorry to hear thisl I will keep beating my bodh. "I wanted lo write to say how sad l am to hear the Andersonstown School of Musi¢ is closing. My daughiei Aoife ha5 attended An Droichead for around eiglit years. The classes have taught her tin wliistle. given her confidence to perfonn and nuitured a love of traditional music. I would like to thank you and twticujarly Amy for your hand in instilling that apprecialion of traditional music." Financial Review The charity achieved a nel income deficit of £35,262 from a lolal income of £86.712. (For 2025.. Net income deficit was £4,154 from a total income of £164247). Our prinuipal fuiiding sources were grants from the ACNI, Donnant Accounts Fund. Halifax Foundation. Foyle Foundation along with sclf-generated income from Class fees. .8crvice pi'ovision and fundrnising. Pricing Policy Oiir pricing policy reflects oiir strategy of enabling people iii Belfast. especially childiEn and youftb people living within disadvantrdged areas., have acetss and op]x)rtunities to participate in aits and cultural activities, al an atTordable price ottcrin&J value for money. Class Fees remained at £40 per lerni. Attendance at conce, workshops and perforniances 'e generally for free. Reserve8 Policy Utu'estricled funds are needed to provide ndS which can be applied lo specific pi'ojects to enable these projects to be undertaken at short nolice, to Cover the running costs of the Charity for a limited period should there be a signifiwil shortfall in projected income and to allow for investment in Changc/Strntegic Development initiatives. Following constanl review of the School's unrestricted reserves throughoul the financial yeai. 25126, th¢ Trusiees were predicting a very real possibility of a negative unrestricted reserveb position at yvar end March 26. The failure to Secu long term restri¢t¢d funding, and falling class participant numkrs leading to a decrease in unrestricted income. along wilh other significant and sustained financial and environmental pressures, lead lo the Trustees making the decision to cease the actlVLlies of the Music School at the end gf Nov 25 and move for a voluntary windup (strike offj aftcr yeai. end March 26. Therefore. these Financial Statements atE prepared on a 'Break up. basis. The amount oFunrestricted funds held at 3 1st March 2026 was £0.00. (For 2025: £14,712).
Auditors The services of O'Hllra Shearer Chartered Aeeounlants and Stalulory Auditors will be retained throughout the strike off proce&8. Smiill CompnY ExemplioD This report has been prepared in accoi'dance with the speclal prnvisions for small companies under Part 15 of the Companies Act 2006. R¢sponsibiliti¢.8 of tlie Trustees The chai'ity li'ustees (who are also the directOf5 of AndeTsonstown Tradilional & ConlemporRry Music Scliool for Ihe purposes of company law) are responsible for preparing the Trustees Report and the financial $lalements in accordance with applicable law and regulations. Company law requires the trustees lo prepare fjnancial gtalements for each financial year. The I'iuslees pi'esent their report &nd the financitsl statements of Ihe ehariiy for Ilie year ended 31 st March 20?6. The Trustees ¢ontirm that they comply with tlie requirements of the CharitlC5 Act (Northern IrelatKI) 2008 and Accounting and Reporting by Charities- St&tem¢nl of Reconunended Practice which applies to charities preparing their accouThts in accoi'dance with the financial Rew)rting Standard applicable in UK and Republic of Ireland (FRS 102) (cffcclive 1st January 2015). Under company law Ihe Trustees must not approve the financial statements unless they are satisfied that they give a true and lair view of the state of affairs of the company and of the surplus or deficit of Ihc company for that period. In preparing those financial slatemenls. the trustees are required to: Select suilable accounting polici and then apply them consislently. observe the methods and principles in the Charities SORP (FRS 102)" make jiidLFemenls and esliliiaS that 'e reasonable and prudent. prepare the financial slat¢ments' on Ihe going eoncern basis unle&8 it is inappropriate to presume that the ¢ompany will continue in busin. Back in Aiigust 25, thc Trustees made the decision to cease the activities of the Music School al Ilie end of Nov ?5 and move lor a voluntary windup (strike offj after year end Marcli 26. Therefore, these Financial Stalem¢nEs are preparcd on a 'Break up. basis. All outs-lunding debis, including final staff wages. pension liabilities. and creditor payments have been paid. Remaining 8sse15 httvc bcen transfetted to other charities with similar charitable purposes andlor in liiie with funder requiTemenls. The final accounts show a'nil balance, indicating that all assets have been disposed of and no liabilities remain. Financial records will be retained for al least 7 years after the charity clos&s. Stakeholdet¥ and funders were kept infom)ed tlu'oughout the windup period and restricted funds used only for their spKeified purposes. The finan¢ial slalemenls depart from accounting standards and the Cliarities SORP (FR.S 102) and the Companies Act 2006, to the exlent necessary to give a true and fair view The Tnjslees are responsible for keeping7 adequate accounting records that air sufficient to show and explain the company's transactions and disclosc with reasonablc Accuracy Al any lime the financial position of lh¢ LvInp¢iny and enable them lo ensure Ihal the IindnLial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence fortaking reasonable steps for the pventIOn and dclection of traud and other irregularities By order of the Trustees: Valerie Quinn {Tre Date: 0210412026
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year ¢iiil¢d 31 March 2026 whiLh coillpris¢ Ilie Skniemeni of fityartcithl Acitvtli¥s. th¢ B.1¢¢ Shccl. Ihc Siaicmcni of C4sh
Floi¥s ond tlic iiolcs io Ilie financial Siaieinenis. iiicliidiiis a suinmiry ofsignifi¢ani accouiiliii¥ policies. llie fiii%iiicial
reporiin8 friliiieivork Ih
IlIYJ)LR.S1) I)WN-l-IlIll)J'TI()YI Al, & C.'O%'-l-fr.MlbUIIAIII' ML'SIC SCFIOOL OR TIITr- I'P.,111 F.Ni l)b.i) JisI' r41.,KRCII 21126 RKlTrnll'l' nl. I'IIL IND.y.D'Y.l' AIJI)I'I'()Il'l-()'I'llb. Ml:. fvlllli RS, Il¢i'¥ oti iyhich we Thre reqLtlrc(I lo report by excq>tio In ilie lighi of ihe ktiowledge and undersiatMiiEh8 of ihe I'rusiee5 and ils ¢nvironm¢nl obiaiiKd iii the COUT5C of Ilic audit. I hav¢ noi idcnlifid Jn8l¢rial ml551nle¢nl5 in th¢ Tn151¢cg R¢port. We lillv¢ noiliiiikj 10 report in respcci of Ilic following mailers in relation which Ihe Companies A¢1 2006 rty¥irts v$ 10 report 10 YO if. iii our opinion-. 511rriLicnl #LLOUJ)liiig records have lid b¢cii k¢pl', Ilic Iiiiaiicial siaitmeiils arL in agr¢cm¢nl iviih Ihe ac¢outtling records-. ot ¢i'laiii di%closures of Ini$te¢s' Temut)etalioD SPEcified by IJIY Hrr 01 n)ade- or we liave Mi received all the inforjnaiion and expianaiMWiS we wuire our audil. Responslbllliles of tr$1¢¢$ As cxplaiiied murc flilly in the Sthiernenl ofTrustccs' Respon5tbilili¢s. lh¢ Irusi¢es, who are also the directors ofihe chariiy for Ilie piirpose ofcompony law, are rcsponsible for ihe prcpAraiion of ihe fimneial siaieiiienis and for bcing Sl4 iisficd Ihal Ili¢y give a Iru¢ aiid fair 14¢w, niid for SLi¢li ittiemial control a8 Ihe dirttiors deienntne is iiecessary io ¢nabl¢ th¢ pr¢p•rniioii or rinauciol 51alcmcnls that ur¢ (¢ fmm mat¢rial misstsi¢meni. wheilier dtye 10 frnud ot error. In prcpii riiig Ihc tiiiatsctal slnlciiicnis, Ihc Inistec% are rE5W)nsihlc for a55C55ing Ihc thariils ahilily In L(Mliiiiie as a ¥oiiig CI)IILL'TlI, disLIu%in¥b ai)pli¢able. ii)aiiers r¢lThle(l io going concern and using Ihc 8oin8 conccni basi5 01.accoiiiiling unlc%% the l¥u%l¥¥s eiihcr iiilend i() IiqLiiddlL Ihc or 10 tease (weraiions. or Ibave rcalislic alieriiativc bill lo do so. Auditai s I'expun5ilJilitlC5 fui. the Audit ofthe financial stAtemen(s Oiir objLclivcs ure Iv Ollb rew¢ nabl¢ assurance abo[ heilier Ille flnancial slalcniL'iits ts a ivhule are free froin malerial Inissiaiciiieni. wlieiher duc lo fraii(l ur crrur. an(1 i55ue ali avdilprfs rep¥t Iliai ioclud¢s our opithion. 11¢1¢ soij4bl¢' a5sufaJiLt is a hi level ofagsurniice. bui is Iiol A Liiiaranlec Ihal an audil cnllduded in aLcord3ce wilh ISA5 ILJKI ivill alivays dciLci a material Dii551alLIDenl wlien li eiisis. Miss11 Icmctt15 Call iirisc fmm friiiid or error aiid are cixisidered Iiialerial if. i4Jdividiiiilly oi. iii IIIC 41xgr¢xolc. Ihty wuld rei£ 5ofiably be expected lo iiifliicncc Ilic ccon¢MiiiC decisioDs ofv5¢r5 takeii Ilie basis ()r Iliese finAnciol slalctncni5. Irrcgii14ll'llir%, in¢liid¢ng frdii<l. i115lanc of TK)n%ornpliancc with laws rexulaiions. We desiwi procedures in liiie %Yiili oiir respoiisibiliites, oullined dtrA)VL, li) deleLI malerial lliiSSlHioii¢o1S Ilb rtswi of irtrgulaiiljes. irludi]I fraiid. I'lie exlenl lo wliirh our PTo¢¢dur¢5 art caprtble of deiectiTh¥ irregularilie5. irKluding [Tal. is d¢iailEd 10. Ir•iplaniiiloii As lu wh1 exlent the All(lil was coiisidpred capablt ofdEietting Évregulai'itits. in¢luding fraud The objL'Liives ofuvr Audii in Tespecl of fr#ud. Lre io iden(ify and esS Ihe risks ofiiiai¢rial niisstsieiiieiii of Ilic fiiwn4ial 51aleiiieiiis di1¢ 10 fraud., 10 oblain surricieiil appropriate )udii evidencc Ihe Sessed risks ofiiialerial niisslaiciii¢iii di1¢ la fraiid, 11)righ dcsi8nin¥ and implcmcnling appropriaie resp)nses io ihose llSSL'Ssed risks4 lin 10 reswiid approiJrinl¢ly 10 iNs11¢ acc$ of Iriiud or.1iisp¢¢tcd frrkud idcniificd dvriijbp lh¢ audil. Holer. I1 priinary reswisibiliiy for Ilie i)revei)lion And deleclinn of frniid with EKth management thos¢ charged wiib 8ov¢rnonce of the Chariiy. Our appiY)ncli wlls as follows.. We OTrI¢d an un(terstandiiig of I1 kgal reyl&iory requirements apylicabk lo IlJ¢ charily ond ¢on5idLr¢d Ilini Ihc illosl significani are Ihc Compaiii¢5 A¢1 21)06 and IhL' FinanLial Reporniiig Siandyrd applicble Ihc UK and ftepublic ofirelattd IFRS 1021 (crr¢cli l Jaliary 20151 laiariiies SORP11-.RS 10 Fnqiiiry of mniiagein¢nl. Ihox Charged iyiih B0Ml(¢ aiid lh¢ etyiiils soliriiors aroiind o¢lual and polenlial Enqiiiry of¢iiliiy iii eoniplianLe funci¥)rn$ 10 identify any insiances ofany I-¢0)vIltt¢c iviili re&Julalions. Il¢vi¢iYin¥ fin<in¢ial siJleiFieiil discl(mires Ind iesiiii¥ io Sl4ipNling dttumenl•o ¢0 as5¢ss coinplianGt iyiih 11p1)liLuble law5 r¢8ulaliahs. Pa8¢ 10
ANDERsON.0wN'l.MDI1.lONAL & C.ON"I'EMPQRAR
fvILISIC SCIIOOL
FOII'I'IIE YEIlll ENDLD JISI- NIAIIC."112026
Aiidrtin.4 ihc Tisk of n7RnuBciiicni override ofer10. includinR 1hrtgh tesiith% jounial eniitts ad oihcr
adjiJ51ineiils for approprÈien¢ss. and evalu31itt¥ lh¢ busil5$ ralioiial¢ o(5i¥nif1¢3nl Ira115Trcli¢Jns oiilsidc Ihc
Morinal course ofbtssiness.
As nf Hii audxl in acrordanG¢ wilh ISAS (UK} excrcisc professional judge111 and Inaiiiiaiii profesSi1a1 scepiieisir)
lhilIVIlul Ihc dudil. Wc also..
Ideiilily and thsses% the risks nf maicrial missiaiem¢iii of Ihc fiii4inciil sialeincni& wlieilt due 10 fraud or error.
desi dii
ANDfi R.SONSTOWN TRADITIONAI. & CONTEMPORAIIY MIISIC.SCFIO()I, FINANCIAL STAI'EMENTS IOR TIIE YEAR ENDID 31ST MAIICH 2Q26 STA'fEMENT OF ACCOUNTING POLICIES AccoiiiitiiiLJ Coiiveiilion 8nd Basis of A¢eouiitii)g I'li¢ finai)cial 51aleiiicii15 have bcen prepaiEd under Ihc his101-ical cosl convcntioii. 'I'lic finq( ncial slalcmcnls havc beei) prepared in accordai)ce with Accoiinling ai)d Rew)rting by ('.hai'ilies'. Stalem¢i)t of R¢¢omin¢nded Praclice applicable to charitlL% preparing ih¢ir ac¢oynls in accoi'(lancc willi the l.-iiiancilll Rcporting Standai'd which applies in Ihe UK and Repiiblic of Irelaiid {FRS 1021 (eflcclive l Jai)Liary 2015} - (C.hiirilirs .SORP (rii$ 102)). (he I"'inanLial Ileporiii)g Siandard applicable in Ilic IJK and R¢p(Ibli¢ of Ir¢land (FRS 102) and the Con)paiiies Acl 2006. Gi)iiig ConLcrn Ai Ihc lime ot'approving the fin8ncial slatemenls, Ihe fiiiancial sthlenienis ar¢ iiot pi'epai'ed oli a goinbj coiicei'n basis. Tlie Trustees, made tl)e decision on 7th Augusi 2025 to wind dowii and close the Cl)arily becaiisc or difficulties secui'ing sufficicni funding io meet budget and cash flow forcca%ls lor 202512026 diid iiiecl Ilic reqii1iEieI)ts of tl)e charity's unreslricted reserves policy. 'I'he TrusteLs' l)ave iiiacle the d¢'cision lo vuliiiitai'ily ccase lo operate. The 'fruslees' Consider il no longer appropriale to prepare the financial sl4l¢ni¢iils on a g>oing> ¢oii¢erii bblSI%. InL'omL¥ RLiengnition IiiLI)mL is recagnised wlicn thc Charity hRs cntirleiiieiil to the fLind%, any pei'forniaiice condilions 11riaclicd io rl)¢ iiein{s) ofr income liavc bccn mei, il is pn)b#ble Ihui ihe inconie will be rc¢eived aiid IliL aiiinuiil cali be meosured reliably. IntLbfL¥.4t ReLL'ivybl¢' Iiilcrcsl 011 lui)ds lield is iliLlud¢d whcii rLLeivablL and Ili¥ ai)iounl C41n b¢ Ineasuwl reliably.. Ihis is Iioiinthlly Llpoli nolifibulion ol- the inlerl'st paid or payablL by tliL I3k. Ilesources El xpended All cxpendilure is accounted for on an accruals bosi5 and is classified Linder headings Ihal aggrcgate all costs I'elated lo Il)e ¢atcgory. riindi'aising costs includ¢ the wsls ofadyeriising, producing publications, prinling aiid mailing fuiidi*ising mgterial, and StaffclS in these areas. Cobts of chai'ilable aclivilies include dir¢¢l expendilurL inLurred tlirougl) opcralional aclivilie5. Govei'iiaiiLe c051% rL'piYsenl the cosls assoLidicd wilh the govcniaiicc Mrrang¢mLnls of Ihr charily whi¢h relulL lo tlie g¢iieral niilning of the charity as Oppos lo those costs associated with fundraising 01- cliai'ilable activity. Fixed A&¥et4 All laiigible fixed ass¢ls are recorded ai cost. Page 12
ANDEIISONS'I'OWN"I'IIAI)J-I'IONAI. & C.'C)N-I'I,:MI)OIIAIIY MU.%IC SCII()I)L FIPANCIAI. STIl'l-I,-Ml,; F()R THr. Yri Ali r.NJ)fi.D 31.ST MARCII 2026 STATEMII NT OF ACCOUNTINC POLICIE. Cniiliiiiiefl Dvpi'cciii tion DL'I)fcLialion is LalLulalecl lo wrile off Ihe Lost of fixed abseis ovei. Ilicir e5tiiiiatcd iiseful Ilves al Ilic tollowiiig rates.. OffiLe equipinenl 33.330/0 $11?ight line Ilepfiirs And Ileneiva15 All paIrS and renewals are written off as incurred Pen.¥ion Ci)8t.% I'lie ch&irily does cui'rcnily opcrale a dcfined contribution pension sL"heme. Debtors rfin(I I'repayments Tiade debt0 aiid oiliLI' dcbioi3 rccogniscd ai the seltlciiicnl aiiiount due aftcr any discoiinl ottered. Prepayments are valued at the amount prepaid nel of aiiy trade discouiils due. Cj'ediloi's and Provisions Lrediloi's and pi'ovisions are rLogJiiised wherc Ille chdrily has a present Iibli&Ndlj(Trn I'esuliiiig froin a Pclst event Ih¢il will pi'obably 5VIt in Ihe In1i5fcr of fuiids Lo a ihii'd Pill'ly ancl thL diiioiii)I duL lo seiile Ilie obliLJalion can be mei)siired or cslimated ieliably. C.redilor% and prnvi.sioD.s al'e normally IL'¢ngiiiseol ai their settlement amoiint aftcr allowing for any liidc discoiinls due. Finiincilll Instriimenti I'h¢ Cl)ai'ity only has fiiiancial as5els and financial liabililics of a kiiid Ihal fjiialify as basic financial iiisli'um¢nls. Basic FinallLial inslrumenls air initially r¢co8nised al Iransa¢lioJi value aiid siibscquLnily niea.sui'ed at their 5Cttlcmenl value with the exceplion of bank Iodns which are subsequciiily mc4sui'Ld al amoilised Lost using the elT¢ctive interest method. ri oreign Currencie¥ M()nLlciry assLis and liabilities in foreign currencies are lrnnslaled into slerliiig al the l'ates of cxchaiige ruliiig al tlie balance sh¢el dale. Transaclions in foreign ¢urr¢n¢i¢s ar¢ Irdnslaled ii)lo stci'liiig ai IIIL rnle r cxchange rilling al the date orth¢ tréiwclion. Exchange differences are lakeii iiito accouiil iii dl'riving, al th¢ n¢1 nivv¢m¢nl in lunds. Page 13
ANDERSONsfowN TRADITIONAL & CON'I'EMI>ORARY MUSIC bLIIU()L riNANCIAL STATEMF.NTS FOII'I'Hk YEAII kNDLfD 31S'I' MARCH 2026 S'I'A'I'EMLNT OTr ACCOUNI"ING POLICIE Coiiiiiiiierl Fun(1 ALeounting Uiiresli'icied fiiiids are geiieral funds tlial are available for use al the Truslees. discreti011 in Fuilliei"aiiie or thc objcclives of the charity. Designated fiind5 are unreslricied fiinds set aside by the tru51ees out of unresiricid furKls for specific fuiure purposes. Ilesli'iLied fiinds are those given for use in a particular area or lor specific i)uryy)ses. tlie use ofwliich 15 re511'iLie(l io Il)al are8 or purposc. The iiiconie received fi'oin fundcrs depend5 on ihc cliarily Inceting detailed criieria on expenses plw)s. Giinls givei) uiidei. sucli conditions are a150 givcn 5ubjccl to ihcin 18 obtained lor in coiineclion wilh ilie fiiflliliance ol'ihe charilys aims and objectivcs. Sucli iiicon)e Can be Irpay8bl¢ (o Ihe funder if such aipcnses plans and crileria are not me(. SLich incoine is only deferred when ilie donor S¢111eS ihal grdiiildoiiolion IMiist )lY be uscd ifj lutiirc acLoLiiilii)g rrIOdS., or Il)L d()nnr l)as liniSed coiidiiiTriis whicl) IlllLs1 be niel Irore ihc cl?arily ha% uiicondi(itsi)al eniiilci)ieiii. IIiLoine from Ll)aritdble activi11 inLllKl received utmler conlrdLI ur whctc erhlitl¥merit Iv birani fuiidiiig is Subject to specific perf(Trri?iaii¢e condtlioiis 15 recogiii5cd as ean)ed as the relaied goodslservices are provided. Graiil incuine iliLILided in this category provid¢s futvliiig lo suprM)n rfor17)are aciivilies aiid is recogiii5ed whei tliei'e is ell¢i¢lein¢nt, c¢rt8inty of receipi and the amounl can be measured wilh sunicieiil Irliability. Incoimc 15 def¢Trcd whcwh- ree511rrornianCC relaled granL$ are rcccivcd in advancc of Ihe l'fonall¢eIevtn1 10 whicl) Il)ey I'elate. Re.seiwe5 Ilolicy IJIiiL'siriLILd I11dS air needed to provide fiinds which can be applied io si)cLiliL projLLls lo ciiablL these pi'ujecl.¥ to be underlaken al Short notice, lo cover the ruiining cosls ol-the Charily lor a litniled pei'i()d shoiild (here be A 5igniliban¢ shortfrall in projeLie(l incoine. and lo allow for inve51nieni in ChaiiL>LISiralegic Developiiient iiiiliative5. Thi5 poIiGy 15 currently lef review. Page 14
DERSONsfoivN TRADITiof4AI. & coTrrrFMPORARY MUSIC.. SCIIO()I. STIlTEhlENT I)F FINI ANC.liI1..4C.i'ivI-fiE5
(TrR-rFII' F.IYI)VI) JISI. fvIAIIC.-112026 Ilibrrslricled Re%lricltd Tr.ndn1i.icl Funil Funilj 'roTAI. 'I'()'IAL Z026 No'l'b INCOME AND F.NDOWNMF.Frrs FROM.. l)onations I¢¥¥¢i¢s 1.752 1.752 J.755 23.814 61.146 Iiiii)tDL frvni tIl¢r It•liiig IIVII I-I)'I'AI. INLUIML tlYI D KND()IVNMENTS 2&YTr6 61.146 ¥6.712 164.247 EXPENDITURE OIY.. r.nditurC raising Lxpendilure churilablL aclivilic5 011r ¥xlId11I1r¢ N¢1 gUinlIN¥) on iliY¢hinn 1.22U 40.278 81.696 TOTAL RESOURCES ExPEDED dO.278 81,696 NK1' INCOMTrJif.XPF.NDITUREI 120.5501 135.26ZI 14.1541 raiisfers bLiii¥cen fiin¢L8 NET MovfMFNT IN FUNDS 110.5501 135.1621 14.1.441 Rb.C.ONC.11,Ih-I'ION 0 FUND.5 'IOTAL TrUNI)S JIROUGHI. VOKIVAIiD 14.71? 20.55U 35.2h2 TOTAL C.ARRIED FORWARD 35.262 The 518loThoTrt of TrinntlAI Actii'Éii¢s in¢ludrs all gJi•5 and 105ses in Iht year IlicreforE X StAlcncrst ofToi41 Rt¢oRni$¢d Giins IAJ&sc% h*s nol llttn pi%p#rc¢l All Dfihe aboye relte lo a¢liviti¢s Thr Iht f•rn parl Df Ibl P¥gc IS
ANDEI RSON.STOWN TRADITIONAI. & CONI'EMPOllIlRY MUSIC SCII()()L BALAfic:F..SHb:b:T AS A1- 315'r MAIICI121126 2026 Ixri D AS.5EI TS Tai)giblc asscts CIIRRfNT ASSLI'l'.S DcbtiJi'.q and pirpayiiienf.% Cash al bank c.ash on deposit Cash in hand 10 8,414 33,253 70 41,737 Ci'¢ditor%: #niiiunls f•illing duc ivilhin onc year (6,4761 NLt"r cuiiiiri NT ASSE"I'SI(LIABILITIES) 35,261 TOTAL ASSEI TS LESS CURIIENT ASSETSI( LIABILITIEI S ) 35,262 Cre(litors: umounts falling (lue aftei. more thn one )'Ciir NEIT A,SSETSI(LIABILITIES) 35,262 riUNDS: I ND()WNMENI' FUiYDS UNRf,.8TRifTF,I) INC.olF. FIIND.S 12114 14,712 RFSTRIcfF.D I]YCOMF. FUNDS 12115 20.550 3S,2()2 I"licsc fiiianLial slalemenis. were Jppmved by ihe Trustees on 2nd April 2026 and rfirc signcd on Iheii. bchaif by= VALLiiif. QUINN 'I'Rfi ASUIIEI R DATL 2nd A ril 2026 The #¢rompAiiying aeroiintiiiR policr¢J Dott* fnrm pyrl of Ihtse fii)aiieial stklcineEhls Page 16
ANDF.R.SON.%TOWN TRADITIONAL & CI)NTII.MPQIIAIIY MU.SIC.SCHOOL S'l'A'I'.f¥lEN"I" CA.SFI FLOWS YII'AR LI Nl)Tr.1) 31s'r MIIRCH 2026 21126 NI)TLI C.A.siifi J.OWS FIIOM OPI,:RATING Arrivi'riF..S Cash gencrated fmm opcralions {33.323) 17,679) Nil iiillowl{uiilllow) from operaiiiiLi aclivilies (33,3231 {7.679) IIivL'Stiiig xLliYilie Ii)ve.slmeiil inLoJne Piii'chase of langiblc fixcd asscts ALqlllSition of investmenls Disposal (If investinents Di%i)osal of tangible fixed assets Net casli frnni investiiig uclivitic5 Ii)ci'ea5el(deerese) iii cash and casli cqlliYAlents in the year (33J23) (7,679) Cx.4h lliid e#sli equivalents at thc beginlling of the year 33,323 41.OQ2 ca11 cllsh equivalL'iits ilt th¢ end of the year 33,323 Relating lo.. CiiJli al bank iilld in hand 33,323 The i¢compAnyINg i?croynilnR polltks Aiiil nolts form pArf ofihev fiii4111iAI 51il¢vJeD15 Page 17
DEIISONSI'OIV14 TllIlDI'I'IONrll. AND c.oNfF.MPOIIAR Y MUSIC N()TF.4 To THTr. fiiYANClIlL S-I-ATEfv.ILN'I"S FOR"IIIE YFAIR F.NDED J 2026 I. DQNATION.% iliYD l.LlvilCIES Il4resirirlvl Rtstrirlcd uiids 2016 th)n*ilion% GLneYul 8ranix provided by g0vemm¢nO¢hLhIÉ1eS Lc¥4oic5 1.752 1.752 3.755 3,755 1.752 1.752 3.755 J.755 2. INCOTr¥lE Fnofwl INVE5'1'Tr1 IcTr¥rs UDrESiri¢ltd RL%lri¢ied unds iillds 21J26 2025 IIiioinL froiii UK lislcd INT1111% IiiLoin¢ froni cash J. INCOlE FRO[ CIIARI'fAULE ACTIVITILS unStrICt¢11 Re5tJ'itl¢d Fun(Is 2026 2025 Ari% C()Iincil ofNnrthi'm Irclo Ari¥ CoiiiiL'iI L)l-Noi'ih¢rn IYL'land. uIpmen1 29.(A6 29.646 46.71)1 3.561 35.561 3..$61 35.561 16.5¢M) 16.5(K) 10.(MKJ 1-1glilgx l.viindfili( Att% And IIiisin155. Illvcprinl lJr(>Ernmll ATIS anil BIiyinc83- m¢¢1711 Iiiv¢sini¢ni Pr¥)gwamD Screen Nl Clahs ILLS IR.I)u(I i %,uoo 23,527 23.5?7 34.347 694 uiidly 21.814 61.146 ¥A.96 4. INCOME lillOfvI 01-HbR I-RADING Acri.iT1Fs Ilnrestricled Re5trirled F¥ttds 1026 2025 ruiidiw551n PREC IS
DITIONAI. ANDCONTFAMI PORARY MUSICSCIIQ
NOI'KSTOTTIF
IAI. ¥fATEhlENI'S
OR THE ¥EIlR £NDED Jisr MAIICII 2026
5. EXPF.NDITIIRf. ON RAISINC. FUIYDS
UNre51licl Acsiriried
Funils
2026
2025
Proinniioiiiil li luixlr41i.
ANDF.RSONSI'OWN I'IiADITIONAL & CON'I'LMI>OIIARY MUSIC SCIIOOL NO"fii S'l'O"I-HI,' I,'IIY ANCIAI, S'I'A'I. "MI,;N'I'S FOII 1'11L Yr.All b.NDfi l) 31.%'r MAIICH 2026 7. NE*l' (OUTGOING)I INCOMING RESOUKLES Tr"OK I'IIL YEAR This is st41te(l aflei. cli4irgingl(cre(liting) 2026 2025 Audiioi's remuncration Depi'eci4ilion 1,400 1,500 8. SALARY COSTS AND EMOLUMENTS 2026 2025 Total staff costs were as follows.. WaL7CS aiid salaries- key nian1c Lyeinenl peisonnel Wagc8 and 5alaries- other staff Employer social securily costs - key nian<1g¢meiil personnel Fniployei. 8ocial 8ecurily costs - other slaty Employer pension costs - key managFein¢iil persoDnel Employer pension costs - oiliLf slaft Einployer social seciirily costs - Slatulory Malemity Pay Recoverable Eiiiployer social 5ul11Y costs - Employincnl Allowance 53.163 25.767 3,695 2,916 742 82 34.704 54,()75 1,533 4,175 l.Q41 950 (6,61 U) 5,000 79,755 94,378 T]ie average inonthly iiuinber of employees duriiig Ihc ycar was as follows.. 2026 Number 2025 Numbei. No einployc¢s ld cmolLimcnls in cxccss of £60.000 (2025: £Nil) Trustees, remuneration and binefi15 There was no trustees. remunei'alion or other bei)efils for the year ended 31st March 2026. (2025.. £Nil) I'niitee¥' li xpenses There weir no trustees, expenses paid for the year ended 3 1st March 2026. (2025.. £Nil) Page 20
ANDfi RSON.8TOWN TR.IDITIONAL & CONTf.Ml'ORAIIY MU,8IC SCHOOL NOTEI S TO 'fiIE FINANCIAL S'l'AI'fi.lF.N'l's FC)11 'I"HF. YI.-All CNI)fi l) 3 1ST MARLFI 2112(1 9. TANCYIBLE filXEI D ASSETS OtTi¢e Equipinenl Total CO.ST As al I sl April 2025 20,381 20,3111 Addilioiis Dibposals As at 31 st March 2026 20,381 20,381 DLI'IILI CIA'I'ION A5 ai l.%t April 2025 20,380 Chai'ge foi. y¢ai' Eliminated nn dispo8al As at 31 st Mai'ch 2026 20,381 20,381 Nel book valu¢ 2026 Nel book value 2025 Page 21
ANDfi,ILS()NSTOWN I'RADII'IONAI, & CON'rri MPORARY MUSIC SCHU()L NOTES I'O I'IIE filNANCIAL STATII Mb:NTS FOR I'HE YEAII ENDED 31ST MAIICH 2026 11). Dri JJT()RS: AMOUNTS fiAI.I.IIYG DIIE WITHIN ONE YE¢ AR 2026 2U25 Dcblors Pi'epaymcn15 Rcl'iindable dep05ils 5,820 1,344 1,25U 8,414 IJ. CIUI DII'ORS: AMOUIYI'S FALLING DUL WI'I'HIN UTrIC YEIAR 2026 2U25 Sociul seL'urily Losts and uiher luxes ALcnied expeiises Delerird income 1,995 4,481 6,476 12. MOVEMENT IN FUNDS Opening Net Moi'ement in Fiiiids 2026 OvLrall lunds 35.262 (35,2621 35,262 3S,262 (35,262) 35,262 13. Illl CONCILIAI'ION OF OPEI RATINC, PROFIT TO NEI T CASH fiLOW fiROM ()pri IIATINC AcfivITIES FROM OPEIiATif4C ACTJVITJF.S 2026 2112. Operuling) Surpluslll)eficil) for Ihc year Deprccialion Moveinenl in debtor5 Movement iii ci'edilors Gain on investments (Pr()filyI,o*% un disposal of Fixed Assels Invc51menl income (35.262) 14,154} 8,414 12,160) 16,475) {1.365) NLt La$li infloivl(outfloiv) from oper:Itin% aLlivities (.33,-323} {7,(?79) Page 22
ANI)EI IISONSTOWN TRAI)ITIONAI. & CONTfi.MPOIIAIIY MIJ8IC. .8CHOOL NOI'fi.S TO'I'Hf FINANCI.LiL.S'A'A'fLMLN'rs riOII TIIE YII AR ENDI.'D 31S'I' MAIICH 2026 14. UNIILI STRICTED IP4COME FUNDS 2026 Balance at Isl Api'il 2025 14,712 26,501 Ii)coniing resouires for Ihe yeai. Resouires expended for Ihe year Ti'linsfers belwevn Iiinds 25,566 38,796 (40,278) (50,585) BalanL'e at 31 sl Mairh 2026 14,712 15. RFSTRICTF.D INCOMF. FUNI)S 2026 2Q25 Balance al Isl April 2025 20,550 12,915 Incuiniii&J resourccs for Ihc ycar Res1?ur¢cs cxpeiid¢d loi. the year I'ranslei¥ belween lunds 61.146 125,451 (Xl.696) {117.8161 Balance at 3 Isl M<Ych 2026 20,550 16. LEGAL STATUS Aiidei'sonstown Tradilioncil <lnd Conlcinpordry Musi¥ School is 7¢ Company I,iniiled by (iuuranlcc. Each member has agreed to conlribule £1 in Llic evcni of a compiilsory windingj up. Aiideisonstown 'l'raditioncil and ConlLinpoiMI'y Miisic Scliool is regislLred willi l-he Charity Commission for Norihern Ireland Charity Nuinber 103431. 1)ale of registralion 17th SeplLmbcr 2015. And¢0st0wn Traditioiial and Contemporary Music SLhool 1.% a recugiiised Charily within Ilie defiiiition of SeLlion 360(3) InLome and Corporalioii'l'axes Act 1970 by th¢ Coiniiii5sioiicrs of Ilie Iiilaiid IIL'VLIIIIC. Page 23