GISTERED TrtUMBER: NIC103443)
BELFAST PHtLEkRMOMC SOCIETY
REPORT OFTEE DthECTORSAND
UNAiIDrrED FINANCIAL ￿A1￿mE￿s
FOR THE YEARENDED 31 AUGU￿ 2024

BELFAST TrB]LHAIIMONIC SO￿ETy
FOR PERIOD I SEYrzTrtBER 2023 TO 31 AUGUSI 2024
Page
Iwl 2nd athnini1trat1￿ Inforn￿tiOn
Tru3tees' Report
IndependentEumlnerfj Report
ststement of Flnanclgl Activitl¢s
Batsnce Shett .
stst¢meut of Cash FIows
Notes to the FIll￿dI1 StAt¢m¢nts
10-19

BELFAST PHILHARMONIC SOCIETY
LEGAL AND ADMINISTRATIVE INFORMATION
FOR THE PERIOD I SEPTEIVIBER 2023 TO 31 AUGUST 2024
COMMITTEE:
Katherine Hanraty
Mi¢hael Chambers
Hilary Speers
Andrew FOrs￿e
Martin Donnelly
Miriam Crozier
Brian Agu5
Daniel Clements
Chairperson
Vice-ChaiTper50n
Honorary Secretary
Honorary Treasurer
Youth Choirs CooTdinator
Saf¢guardin£ Officer
REGISTERED OFFICE:
50 Bedford Street
Belfast
BT2 7FW
CHARrrIES COMMISSION
FOR NORTHERN IRELAND
NUMBER:
NIC103443
INDEPENDENT EXAMINER: Baker Tilly Mooney Moore
17 Clarendon Road
Belfast
BTI 3BG
BANKERS:
Dan5ke Bank
Forestside Shopping Centre
27 Upper Galw&lly
Belfast
BT8 6FX
SOLICITORS:
Cleaver Fulton Rankin
50 Bedford Street
Belfast
BT2 7FW
Pag¢ I

BELFAST PHILHARMONIC SOCIETY
TRUSTEES, REPORT
FOR THE PEIUOD I SEPTEMBER 2023 TO 31 AUGusf 2024
Th¢ Trustee5 present their report and account5 for the year ended 31 August 2024.
The accounts have been prepared in accordance with the ar¢ounting policies set out in not¢ 2 to the accounts and
comply with the Charity'B Constitstion. IE4w appliGable to charitie5 inNorthern Ireland. guidance from the Charities
Commission for Northern Ireland, and"Account and Reporting by Charities.. Statement of Recommended Practice
applicable to Ch￿ltieS prepaTing thelr accounts in accordance with the Financial Reporting Stand￿d applicable in
the UK and R¢public of Ireland (FRS 102) (effective l January 2019>"
Objeetfves and Actlvltles
Charitable Ob'ective
Th¢ Society's objeets ￿e,
l. To advance the arts and culture by the promotion* practice and perforniance of ¢hordl works.
2. To f05teT and develop musical standards and the knowledge and taste of the public providing public
perforn]ances of the best works in music; and
3. To encourage composers, instrumentalist$ and sinEers of merii by introducing their work5 and talent to the
publio.
Aims of Ch
The Society's rais5i0n is to perforni choral work to the highest St￿dard engaging the greatest nurnber of people
possible through its concert and training programme hnd contributing to the MUSIC￿ and cultural life of the oity of
Belf&sL and throughout Northern Ireland and the Republic of Ireland.
Thc Society seeks to achieve these aims by perfonning wlth the Ulster Orchestra, putting on its own concert5
throughout the year and by pursuing a music educatioD programme for Ghildren and young people.
Strate
jes for achievin
aims and ob'ectiv
The Society's symphonic choir perforrn$ with the Ulster Orchestra. The Youth Choir is prirnarily a musical
education vehicle. It perfoms in re¢ita15 for fri¢nds and family and ha5 developed links with Dublin Youth Choir,
m¢¢ting and perforniing regularly together as the Cross Border Youth Choir.
Criteria or measures used to a5se9s guccess
The Society strives to perfomi to capacity audience3. The Society itself grew, with symphonic thoiT members
totalling 135 and singery with the youth GhoiT5 totailing 141,
Statement of com
liance with c.hari
Commission
uidance
The chaTity has paid du¢ r¢Eard to guidance issued by the Charity Commission in deciding what activities the
board should undertake, inGluding th¢ guidance prnduced on Public Bencfrt,
Grdnts
The Society is most Erateful to tbe Arts Council of Northern Ireland for grants awarded tn support of the artistic
costs of iuJJDing tbe Society.
Use of VDlunteer
The Society employs one part-time Production m￿ager and one part-tim¢ Youth Choirs Supervisor. and contracts
several 5elf-employed musicianship staff. Everyone else involved is a volunteeT. The Society and especi&lly youth
choirs could not operate without the help Df volunteers.
Page 2

BELFAST PHILHARMONIC SOCIETY
TRUSTEES, REPORT
FOR THE PERIOD I SEPTEMBER 2023 TO 31 AUGUST 2024
Achievements and peYform*nce
of main achievement
Highlights of the 2023124 season included Member5 of both the symphonic and youth Choirs joining Northern Ireland
Opera for their production of T05Ga, the Belfast première of Stanford's Requiem commemorating the CenteTr￿ of
the trish composer's death. the Phil Kids singing at the lighting of the Assembty Christmas tree following an inviiation
from the Speaker5 o￿le?, the Youth Choir winning th¢ RIE Lyric FM 2023 Choirs for Christhias competition for
best perforniance of a Contemporary trish choral work (Come and Sing, composed by Sekn Doherty), perfonnances
of Dvorak's Stabat Mater and M&hl¢i's Symphony No. 2 with the UlsteT Orchcstra, and a return to the Hill Of The
OIATeill in Dungannon to Close the season.
Lvestment erfornianc¢ a
ainst Ob.￿tiVeS
No set objectives given the small value of investrnents held.
erforniance indicators e
lainin
ut5 achieved b ob'ecti
Given the straightforward na￿re of the charity. the board are of the opinion that allalysis using KPI'S is not necessary
for an understanding of the development, ptrfornian¢¢ or position of the charity.
Flnanefipdl review
Review of th¢ f￿anCIal
osition at the end of the re
ortin
eriod
The 51atement of financial activities for the year is set oul on page 7 Df this report. The Society had a net loss in funds
for the fmanciai year of £14,196 (2023., loss in fvndg of £12.959) leaving unrestricted funds of £2 1,258 (2023:
£37,631) and restricted funds of £19.564 (2023.. £17,387). The unrestricted funds are considered to be essential to
provide sufficient fiu]ds to cover any unforeseen wsts wbich nuy arise and fulfil legal obligÉitions of the charity in
the evBnt that current levels of income are not maintained.
nificant cventq that affected fJnanGial erfonnance and fmancial
osition durin
eriod
The Society relies hcavily on the subscriptions from singers in both the symphonic and youth choirs, and the grants
from the Art5 Council of Northcrn Ir¢land. The principal risks going forw&rd include reductions in our grant funding,
TeductlDns in income from subscription5, and insufficient ticket incotne to offset the costs of st84ging con¢¢rts. The
board periodically review the Society's fmarteial position to ensure that it has suffiGient fimds going forward.
Princi
al sour¢es of income and how ex
endittire meets ob ¢¢tives
The principal sources of income are the mcmbership subS￿lpt1OnS and grants frorn the Arts Council. The main areas
of expenditure are the salarie5 of our Production Manager and Youth Choirs Supervisor and the fees paid to the Chonts
DiTector. Youth Choirs Artistic DTr¢ctor, Youth Choirs A5SlStant Director, Accompanist, Singing Tutor and the
various Musicianship trjtors.
Rese
es
oli
The Society aims to have unrestricted Teserves equ￿ to at least one third of the following years anticipated expendittwe
plus any predicted budget defjcit for that year. This would equate to targeted reserves of £64,193 against ac￿al
reserves held of £21,258. The BoaTd members consider that reserves of this level will ensiire that. in the event of a
significant drop in funding, they will be able to continue the Society'5 ￿rrent activities whi19t consideration is given
to ways in which additional fijnds may be raised.
Page 3

BELFAST PHILHARMONIC SOCIETY
TRUSTEES* REPORT
FOR THE PEIUOD I SEPTEMBER 2023 TO 31 AUGUST 2024
Risk factors
The main areas of risk are ifthe Arts Council grant is reduced. and the cost of putting OTh OUT own concert5 significantly
exceeds receipts from ticket sales. Th¢ Society continues to seek replacements for the grant incomc provided by The
Esmé Mitchell Trust. wncluded at the end of 2022123 s¢ason.
Plans for fu￿re
eriods
The SoGicty h45 been awarded standstill funding from the Arts Council for the wming sev4son (£39,935).
The 2024125 season includes an exciting and varied progrdmme of events to rnark the Society's 150th anniversary,
including perforniing Mendelssohn's Elijoh (the very frst piece that the SoGi¢ty perfonned ISO years ago), tours to
Budapegt and Limerick, and th¢ premiere of a ncwly commissioned work by composer Elaine Agnew and poet
Sinéad Morrissey.
Structure> goverDance and managément
Nature of
ovemin
documents and how ehari
is constituted
Historically, the Society was governed by a Constitution which was adopted at an Extraordinary General Meeting on
12 Octob¢r 2016. In li£ht of the Covid-19 pandernic, the Society has updated the constitution to accommodate
electronic comrnuni¢alion5 and pl&tforns forthe Annual General Meeting, thi5 Ghan¥e agreed It an Extraordinary
Gen¢ral Meeting on Wednesday 24 March 2021.
The Society is run by a Board consisting of ot least six officers and two members elected by the membership. The
Board has the power to co-opt up to four 74ddition#l board members.
Methods to re¢ruit and
oint ncw trus
Four of the officers are elected from among the members of the Society. Two officer5 are appointed by the Board.
ndemni
rovision
f r trustee5
The Society holds an insurance policy whxch provides cover for the BoaTd members when &cting on behalf of the
Society,
anisational Structur¢ hnd how chari
Membership is open to all those over 16 years of age who have auditioned, been found competent by the Chorus
Director arAd have paid the relevant subscription. The membership elects four of the officers. Each sedion eleGt5 its
own leader.
How decisions are mad¢
The board rnakes decisions on behalf of the Society after consulting the Production Manager, memb¢r5hip, Chorus
Dire¢tor, Youth Choirs Artistic Director or Youth Choirs As51Stant Director as appropriate.
Poli¢i¢5 and Procedur¢s for induction and trainin
of trustces
New Board members are offered Ihe opporiunity to att¢Dd relevant training courses.
¢men
r settin
and remuneration
fke
mana
ement
The salary of the Production ManRger and Youth Choirs Supervi50T. and the fees paid to tbe rnu5ical staff are agreed
by the Board.
Page 4

BELFAST PHILHARMONIC SOCIETY
TRUSTEES, REPORT
FOR THE PEIUOD I SEPTEMBER 2023 TO 31 AUGUST 2024
RelatioThshi
s with related arties and other charitieslor
charitable ob'ectives
The Chairperson. Choru5 Director and Production Manp4Eer function as the point of contact with th¢ Ulster
Orchestra. The Chairperson. Honorary Treasurer and Production Manag¢r are the point of Contact with the Arts
Council.
an15ations with which it co-ordinates in the
ursuit of Èts
Statement of T stees. Res
Dnsibilities
The trustees are rcspon.sihle for preparing the Trustees, Annu￿ Report and the financi&l statementg in accordance
with appliGable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice),
The law applicable to charities in Northern Ireland requires the trustees to prep￿¢ financial ststernents for each
financial year which gives a trne and fair view of the state of affairs of the charity and of the incoming resources and
application of resources of the ¢harAty for that period. In preparing these f]nanGial ststernent5, the trustees are
required to..
select $uitabl¢ accounting policies and then apply them consistently;
observe the methods and principles in th¢ Charities SORP 2019 (FRS 102)
make judgements and estirn*s that are reasonable and prudent.
state whether Applicable accounting standards have been followed. subject to any rnateri&l departtjres
digclo$ed ond explained in the financial statement5.
prepare the financial statements on the going concern basis unless It is inappropriate to presume that the
charity will continue in operation.
The trustses are responsible for keeping proper accounting records that disclose with reayonable accuraoy at any
time the financial position of the charity and enable them to ensure that the f￿anCIP41 staternents comply with the
Charlties Act (Northern Ireland) 2008, the Charities (Accounts and Reports) Regulations (Northern Ir¢land) 2015
and the provisions of the constitution. They are also responsible for safeEuarding the assets of the charity and hence
for tsking reasonable steps for the prevention and detection of fraud and other irregUl￿lties.
The tNStees report as &pproved by the Board of Trnstees.
//
Katherine HaDJatty
Chairperson
Andrew Forsyihe
Honorary TreasuTer
Date..
Page 5

BELFAST PHILHARMONIC SOCIETY
INDEPENDENT EXAMINER'S REPORT
FOR THE PEIUOD I SEPTEMBER 2023 TO 31 AUGUST 2024
Independent ex4miner's report to the tru8t¢es of Beifa5t Pbi]h¥rmonic Society
We report on the accounts of the charitsble society for the period ended 31 August 2024. which are Set out on pages 7
to 19.
Respective responsfibllities of ¢harity t￿￿tee8 and exp4miner
As the ch￿ity'S I￿￿teeS you are responsible for the preparation of the a¢¢ounts in acwrdance with the Charitie5
Regulations (Northern Ireland) 2015.
It l5 our responsibility to:
examine the accounts under section 65 of the Charities ACL.
follow the procedures laid down in th¢ general Direction5 given by the Commission under section 65(9)(b)
of the Charities ACL. and
stste whether particular matters have corne to our attention.
BASIS of independent exAmln¢r'$ report
We have exatnined your charity accounts as required under section 65 of the Charities A¢t and our examination was
arried out in occordanoe with the general Direction5 given by the Charity Commission for Northern treland under
section 65(9)(b) of the Charitie5 Act,
Our examination included a review of the accounting r¢rords kept by the charity and a ¢omparison of the accounts
presented with those records, It also included ¢onsideration of any unusual items or disclosures in the a¢counts and
seeking VAplanations from you as charity tsustces concerning any such matters,
Our role is to State whether any material matters have Gorne to our Attention giving us ¢ause to believe:
1. Th3t accounting reGoTd8 were not kept in accordance with section 63 of the Charities Act,
2. That the &ccounts do not accord with those accounting records.
3. Thot the a¢¢ounts do not comply with the accounting requirements of the Charities Act.
4. That ther¢ is further infornialion needed for a proper understanding of the a¢¢ounts to be T￿hed.
Independent exAmlner's stxtement
We have completsd our examination and have no concerns in respect of the matters (l) to (4) listed above and. in
¢onne¢tioll with following the Directions of th¢ Charity Commission for Northern Ireland, we have found no rnatter5
that require drawing to your attention.
U￿r filJl /7lrt*
Baker Tilly Mooney Moore
Chartered Certified AcGounlants
17 Clarendon Road
Clarendon Dock
Belfast BTI 3BG
Page 6

BELFAST PHILHARMONIC SOCIETY
srATEMENf OF FINANCIAL ACTIVITIES
FOR THE PERIOD I SEvfEMBER 2023 TO 31 AUGUST 2024
Unrestrieted
Restricted
Total
TotAI
Funds
Funds
2024
2023
Notes
Income from:
Donations And legacies
Charitable activities
60.984
87,368
162
60,984
134,678
162
51,792
87,612
136
47,310
Investments
Tot41 Income
148A14
47JlO
195,824
139.540
Expendlturn oll..
CharTtable activities
165,136
45,133
210,269
151,862
Net gainl{loss) on investments
Net gainl(loss) on disposal of
fLYed assels
io
249
249
52
(689)
Net income/expenditure
(16.373)
2,177
(14,196)
(12,959)
Transfer5 between fimds
N¢t movement In funds
(16J73)
2,177
(14,196)
(12,959)
Fund balances at I Septernber
37,631
17,387
55,018
67,977
Fund Bxlaneeg At
31 August
15
21,258
19,564
40,822
55,018
Page 7

BELFAST PHILHARMONIC SOCIETY
BALANCE SHEET
AS AT 31 AUGUST 2024
2024
2023
Notes
FIXED ASSETS
Tangible assets
Investsnents
12,776
2,531
11,907
2,282
12
15J07
14,189
CURRENT ASSETS
Debtors
13
18,288
68,731
21,216
56,714
Cash at bank and in hand
87,019
77,930
CREDITORS
Amounts f￿lIng due withiTh one
ye
14
(61,504)
(37,101)
NET CUIIRENT ASSETS
25,515
40,829
NET ASSETS
40,822
55,018
FifNDS
Unrestricted funds
15
21,258
19,564
37,631
17,387
Restricted ￿ndS
15
40,822
55.018
The f￿￿ClaI statements were authorised for issue and approved by the Board of Trustees on .
its behalf by:
. and were signed on
Katherine Hanraty
Chairper50n
Andrew Forsythe
Hon Treasurer
Page 8

BELFAST PHILHARMONIC SOCIETY
STATEMENT OF CASH FLOWS
FOR THE PEIUOD I SEFTEMBER 2023 TO 31 AUGUST 2024
2024
2023
Notes
Cash flows from
OperatiThg Aetivlties
C&8h gencrated by operations
17
13,838
.536
Investing Activities
Fixed Asset Additions
(1,983)
71
(1,890)
73
Inveslment income
Interest income
91
63
Net cash (absorbed) /
generated from
Investing Aetivitiej
(1,821)
(1,754)
Net cash uged in financing activities
Net ineregse/(decrea8e) in Cf48h aDd
Casb Equlvfilents
12.017
6,782
Cash and Gvdsh equivalents
at beginning of year
56,714
49,932
Cash and cash equivalent5
at end of year
68.731
56.714
P&ge 9

BELFAST PHILHARMONIC SOCIETY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD I SEPTEMBER 2023 TO 31 AUGusf 2024
STATvfoRY INFORMATION
Belfast Philhmonic Society is an unincorporat¢d Charity in Northern Ireland. The public benefit entities
Charity Commission nurnber and registered office address can be found on page l.
ACCOUNTING POLICIES
Basis of prep74ring the fin*nciAI statements
The financial statements have been prepared under the hi5tori¢al cost convention and in AGGordance with
AccouTAtiThg and Reporting by Charities., Statenient of Recommended PractiG¢ applicable to chariti¢s
preparin£ their accounts in accordance with the Financial Reporting st￿dard applicablc in the UK and the
Republic of Treland (FRS 102) (effective l January 2019) - (Charities SORP (FRSI 02) - second edition)
and the Finan¢ial Reporting Standard &pplicable in the UK and Republic of Ireland (FRS 102).
Financial Instrument$
All fjnancial in5trurnents of the company are Gon5ideT¢d to meet the definition of basic fLnAncial
instnllnents.
Going Concern
The accounts have been Prepared on a going concern basis as no material uncertaintie5 exist which m&y
Gast significant doubt upon the entitiei ability to continue as a going con¢em.
Income
All incoming resources are included in the Statement of Financial Activities (SOFA), and they are
recognised where there is entitl¢menL oertainty of receipt 4nd the amount can be measured with Sufficient
reliability.
Expendlture
All expendikne 15 accounted for on an accruals basis and has been Classified under headings that aggregate
ll cost5 related to the category.
Charitable expenditure compromised those costs incurred by the charity in the delivery of its
activitle5 and services for its beneficiaries. It in¢ludes both costs that can be allocated directly to
such activities and those costs of an indirect nature necessory to 5UPPOrt them.
T4xallon
There 1$ no liability to t&¥ation due to thc trust's charitable stP¢tss.
Fixed Y45set Investments
Investments are initially reGogni5ed attransaction price. Subsequently they are rneasured at fair value using
the closing quoted market price as at the balance sheet date. The 5tatemen* of fmanrial aGtivitie5 includes
the net gains and losses arising on revaluation and disposals throughout the year.
Realised goins And105$e$
All gains and losses are taken to the statement of finanGial activities as they arise. Re81i5ed gains and losses
on investments aTe calculated as the differ¢nGe between sates proceeds and opening mArket value (or
pUrCh￿e date if later). u￿¢aliSed gains and losses are calculated as the diff#ren¢e betweenthe rn￿ket value
at the year end and opening market value (or purchase date if later).
PaEe 10

BELFAST PHILHARMONIC SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD I SEPTEMBER 2023 TO 31 AUGUST 2024
ACCOUNTJNG POLICIES (coNfiNUED)
Dèpreciation of tangible fI￿ed a5set5
Depreciation is calculated to write off the value of f￿¢d assets over their usefvl lives as follows:
Fithres & Fittings
Musical and Computer equipment 200/0 - 330/9 per annum
Fund Aeeountlng
The Society has various types of ￿ndS for which it is responsible and which require separate disclosure.
These are as follows;
(i) Restricted Funds
Funds received which are designated by the donor for specific PUTpose5. Such purposes are
within the overall aims of the organisation.
(u) Unrestricted Funds
Funds which are expendable at th¢ dis¢r¢tion of the charity in firtherance of the objects of
the charity,
Judgements and key $ourtes of estimation uncertalnty
There were no significant judgements or estimations made in the period.
DONATIONS AND LEGACIES
Unrtstricted
Funds
Reslrieted
Funits
Total 2024
Total 2023
Subscriptions from Choir Mernbers
Subscriptions from Phil Kids
Gift Aid Recoverable
Donations
25,974
23,449
7,780
3.781
25,974
23,449
7,780
20,051
22,472
8,079
1,190
60,984
60,984
51,792
P&ge 11

BELFAST PHILHARMONIC SOCIETY
NOTES TO THE FINANCtAL STATEMENTS (CONTINUED)
FOR THE PERIOD I SEPTEMBER 2023 TO 31 AUGUST 2024
CHARITABLE ACTMIJES
Unrestricted
Funds
Restricted
Funds
Total 2024
Total 2023
Grants - Arts Council Nl
Gr}￿ts- Esme MitGhcll TNst
Grants - Bellast City Council
Grants - The Leche Trust
Concert Income
Service Income
Budapest Tour Deposits
Othgr In¢onJe
43,310
43,310
43,685
20,000
5,345
4,000
4,000
17,042
2,948
65,957
17.042
2.948
65,957
13,148
2,721
2.713
87J68
47,310
134,678
87,612
Grants
Arts Council NI- 22123 Season
Art5 Council Nl- 23124 Season
Arts Council NI Commission Fund
The Leche Trust
Esme Mitchell Trust
Belfast City Council
39,935
39.935
3,375
4,000
39,935
3.375
4,000
3,750
20,000
47,310
47,310
69,030
Pag¢ 12

BELFAST PHILHARMONIC SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD I SEPTEMBER 2023 TO 31 AUCUST 2024
tNVESTMENT INCOME
Unrestricted
Funds
Restrx¢ted
Funds
Ttstal
2024
Total
2023
Income from unlistsd
Investments
Interest receivable
71
91
71
91
73
63
162
162
136
CHARITABLE ACTIVITIES
Coneort And
RehL&r¥AI
Expenses
Phil Kids
Expenses
22.881
11.511
629
4.798
I,iio
10.570
7,764
Not¢
2024
34,240
24,924
2,007
9.552
2,228
16,643
7,884
1,183
S66
13
2023
43,092
28.932
4.005
11.448
1,720
20,320
11,505
300
750
165
466
820
Project Adrninistration
Chorus Director
Chon]5 Dtre¢tor Travel
AcGompgni8t
Accompanist Travel
Hire ol Premi5ey
Teachers
Music Hire
Fundraising
Consult￿￿ Fee (Recruitment)
Training
Other direct cost5
11,359
13.413
1.378
4.754
1,118
6,073
120
1,183
283
283
13
534
41,088
6t1,093
101,IBI
123,523
Support Costs
Ggverngnce Ctssts
9 1.546
1,320
14,902
1,320
106,448
2,640
25,699
2,640
133 954
76.315
210269
151862
An*ly515 By Fund
Unrestricted funds
Restricted Funds
111.386
53,750
165.136
86.582
65280
151,862
133 953
76J16
210,269
Page 13

BELFAST PHIiIIARMONIC SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PEIUOD I SEPTEMBER 2023 TO 31 AUGUST 2024
SUPPORT COSTS
Coneert 2nd
Rehearsal
Expenses
Phll Kids
Expenses
Note
2024
2023
Support Cost5
Office and Administration
Costs
Budup¢st Tour Expenditsre
Concert Fees
Bad Debt Expense
Finance Costs
D¢preGiation
10,326
67.871
12,673
6.974
17,300
67,871
19,910
12,595
7,237
11.651
119
557
134
557
253
1,114
175
1,278
106 448
25,699
Governance Cost$
AccountanGy
1,320
1,320
2,640
2.640
2,640
TRUSTEES
None of the Trustees (or any persons Qonnected with them) received any rernunerp4tion or expenses during the
y¢ar (2023: £Nil).
EMPLOYEES
Number of employees
2024
2023
The average monthly number of emplctyees during the yearwas..
Employment costs
Unrestrieted
Fund5
Restricted
Funits
2024
2023
Wages & Salaries
11,359
22,881
34240
43,092
11,359
22,881
34,241J
43.092
TheTe were no employees whose annual remuneration was £60,000 or more.
Page 14

ELFAST PHILHARMONIC SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD I SEPTEMBER 2023 TO 31 AUGUST 2024
io.
NET GAINS ON INVESTMENTS
Unrestricted
Funds
Restricted
Funds
2024
2023
Revaluation of investmEnt5
249
249
52
249
249
52
TANGIBLE FIXED ASSETS
Fixtures,
Fittings and
EquiptDent
Musical and
Computer
Equipment
TotAI
Costs
At I September 2023
Additiong
Di5P05&15
20.222
1.214
3,106
769
23,328
1,983
At 31 August 2024
21,436
3,875
25,311
Depreciation
At I September 2023
Depreciation charged
in the year
Depreoiation on
disposals
At 31 Augiist 2024
,737
2,684
11,421
700
414
1,114
9,437
3,098
12,535
Carrying amount
At 31 August 2024
11999
777
12,776
At 31 August 2023
11.485
422
11,907
Page 15

BELFAST PHILHARMONIC SOCIETY
NOTES TO THE FINANCL4L STATEMENTS (CONTINUED)
FOR THE PEIUOD I SEPTEiIQBER 2023 TO 31 AUGUST 2024
12.
FIXED ASSET INVESTMENTS
Unlisted
Investments
C05t or vglualion
At I September 2023
Vduation change5
2,282
249
At 31 August 2024
2,531
Carryfing imonnt
At 31 August 2024
2,531
At 31 August 2023
2,282
Fixed asset investments revalued
Investments are inGlud¢d at r¢valued amounts with the bp45iS of the V￿￿￿tiOn being the current
market value a5 at 31 August 2024 being £2.531. Investments are all in the NI Central Investment
Fund for ch￿ltIeS and can be liquidaled at any time a5 required.
13.
DEBTORS
2024
2023
Amounts fallfing dut wlthln one year
Tradc Debtors
Other debtor5
Prcpaym¢nts and aoGrued income
1,450
16.179
659
1,016
19,710
490
18288
21216
14.
CREDITORS: AMOUNTS FALLING DUE WfTHIN ONE YEAR
2024
2023
Accruals and defe￿ed income
Trade Creditors
Payroll taxes
59.438
1,923
143
28.280
8,327
494
61.504
37,101
Included in the above is £19,968 (2023- £19,968) of deferred income in relation to ACNI grant
paid in advance.
Page 16

BELFAST PHILHARMONIC SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (coNrtNUED)
FOR THE PERIOD I SEPTEMBER 2023 TO 31 AUGUST 2024
15.
AFIALYSIS OF CHARITABLE FUNDS
BalAnce at
Bal&nee at
01-Sep Lncomillg
2f123 Resourees
Resources
Net
g%inlOos5) on
Itetn5
31-Aug
2024
expended
Transfers
Unrestrltted Funds
Unrestricted Income fund
37,631
148,514
(165,136)
249
21258
Total unrestricted fllnd8
14
165 136
249
Restricted Funds
Leiza Riddell
TM in Memoriam June
1934
JC Picken (Dec)
Tour ￿nd
Esme Mitchell Tuition ￿nd
500
500
500
500
loo
2,064
150
loo
2,064
150
TMCC in Memoriam
5,000
5,000
Richard Bell Donation
Arts Counctl Nl - 23124
Programme costs
Art8 Council NI-
Commission Fund
The Leche Trust
John H Legacy
323
(323)
39,935
(39,935)
3,750
3,375
(4,875)
2,250
4,000
4,000
5,000
5,000
Total Restrlcted Funds
TotAI Fund$
Unrestrficted inconje fund
The unrestricted income fund represents the free fund5 of the charity which are not designated for particular purposes.
Leiza Riddell. TM in Memoriam June 1934, JC Picken deceased and Tour Fund
These r¢stri¢ted funds represent legacies and tuition fijnds received many years ago.
Arts Council NI_ Programme Costs
This represents funds received towards the overall artistlc Costs of the Society.
Page 17

BELFAST PHILHARMONIC SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PEIUOD I SEPTEMBER 2023 TO 31 AUGUST 2024
Arts Council NI- Commission Fund
This repTesents ￿ndS received for the 2024125 anniversary season.
Legacy Donation5
These represents donations from fonner members of the Society. These fund8 are restrictsd and design&ted for the
production of a piec¢ of musi¢ in 2024.
16.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Ftsed Assets Currtttt Assets
Creditors
Total 2024
TotAI 2023
Unrestrlcted funds:
General Fund
12,776
69,986
(61,504)
21258
37,631
Restricted funds:
Reveiiue grunts
Lelza Riddell
TM in Memoriam June 1934
JC Picken (Dec)
Tour ￿nd
Esme Mitchell Tuition fund
ACNI Commission Fund
TMCC in MLm0ri4m
John H Leg&Ly
The Leche Trust
Richard Bell Donp4tion
500
500
loo
2,064
150
2,250
5,000
5,000
4,000
500
500
loo
2,064
150
500
500
loo
2,064
150
3,750
5,000
5,000
.5,000
4,000
323
TotAI fund5
12,776
89,550
(61,504)
40,822
55,018
Page 18

BELFAST PHILHARMONIC SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PEIUOD I SEPTEMBER 2023 TO 31 AUGUST 2024
17.
CASH GENERATED FROM OPEIL4TIONS
2024
2023
Net incoming resources
(14,196)
(12,959)
Adju5tmcnts for..
Investment income in Statement
of Financial Activities
Fair value gains and losses
on irjvestments
Fair v￿ut galns and losses on
disposal of f]xed assets
Depreciation of tangible
fixed &isets
(162)
( 136)
(249)
(52)
689
1,114
1,279
Movements in
worklng capit81
(IncTease)Decrease in debtor5
(Decrease)ffji¢re&se in creditors
2,928
24,403
6,468
13,247
13,838
8,536
18.
RELATED P￿RTy TRANSACTIONS
There were £nil transe4ctions with related p&rtie5 during the period (2023,. £nil).
Page 19