NORTHERN IRELAND MUSIC THERAPY TRUST LIMITED REPORT OF THE DIRECTORS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 REGISTERED NUMBER: N1024686 CHAIUTY COMMISSION for NORTHERN tRELAND REGISTRATION NUMBER: 104523
NORTHERN IRELAND MUSIC THERAPY TRUST LIMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Company Information Report of the Chair Report of the Directors 3 to 8 Report of the Independent Auditors 9 to 11 Statement of Financial Activities 12 Balance Sheet 13 Statement of Changes in Funds 14 Notes to the Financial Statements 15 to 22
FIORTHERN IRELAND IIIUSIC THERAPY TRUST LIMITED coNtPANY INFORMATION FOR THE YEAR ENDED 31 MARCH 2024 DIRECTORS: Mr J W Mccart (Chair) Mr G Mccann Ms P O'callaghan Mrs R Reid Ms F Cassidy Mrs A Fitzpatrick Dr M Nicholson REGISTERED OFFICE: Unit 4, McKibbin House EastbaDk Road Canyduff Belfast BT8 8BD REGISTERED NUMBER: NI 024686 (Northern Ireland) CHARITY NUMBER: 104523 AUDITORS: Baker Tilly Mooney Moore Stathtory Auditors 17 Clarendon Road Clarendon Dock Belfast Co. Antiim BTI 3BG Page I
NORTHERN IRELAND MUSIC THERAPY TRUST LIMITED REPORT OF THE CHAIR FOR THE YEAR ENDED 31 MARCH 2024 CHAIR'S REPORT While the pandemic has become a distant memory for most of us, the impact of covid is still being felt both individually within our client base and organisationally across the voluntary sector. It is taking much longer than anticipated for the economy to bounce back and tbe cuent funding environment for Music Therapy is as tough as we have experienced in any years and wbile we are encourdged to have a working assembly again, we are not oblivious to the many challenges that may face us in the next couple of years. This year we continued to work hard to maintain our services as some Therapists moved on to progress their caTeer, and some newly qualifled therapists joined us on our undergraduate support programrne. The undeTgraduate scheme was developed to provide newly qualified Music Therapist an opportunity to secure work without previous experience, EDH will provide them with the support and guidance new graduates may need in the fst 6 to 12 nlonths of after graduation. Every Day Harniony have continued to use the legacy from the estate of the late Leonard Fgh to support Sdents planning a career in Music therapy. ITh his memory and in recognition of his lifetime contribution to music in Northern Ireland. EDH developed a three-year bursary to PTOVLde two students each year with a bursary of £3,000 each towards the cost of a "Masters in Music TheTapy" Now in its last year we are welcoming applications from our fSt-year awardee's who have now graduated and would like to join our team. We have also used the legacy to develop our staff team and invited Play Therapy Nl to provide a full day's training to our therapists to increase and introduce new skills that they can now bring into their own work. At the end of another successful year, I would like to acknowledge and thank all our Board members who continue to give their time and skills freely and have helped shape our services over the last year. Their 5ki11s and guidance are pivotal to the success of the organisation both in achieving clinical excellence and Temaining fmancially viable. I would also like to acknowledge and thank our CEO Anne Walsh and the senior team Julie Allen and Sandra KiTkpatrick who continue to show the leadership, deterniination and skills that have developed and grown our Tegional Service over the last number of years. A special thanks to our CEO Anne Walsh who plans to Tetire this autumn after 6.5 yeaTS at the helm, Anne h&s success11Y steered us through many challenges including the pandemic. She has grown our services, implemented many new initiatives while ensuting we have f]nancial Security for the future. My thanks to our committed team of Music Therapists who continue to deliver our services with the flexibility, perseverance, detern]ination, and a continuing positive attitude. My thanks also thanks to all our funders in the public, private and voluntary sectors who continue to give us the fmancial support to enable us to deliver our vital music therapy service across Northern Ireland. As I fmish this year's report, I am delighted to say that the organisation remains in a very strong fmancial positional and we are all looking forward to developing and expanding our services in the coming year. John W Mccart Chair Page 2
NORTHERN IRELAND MUSIC THERAPY TRUST LIMITED REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 MARCH 2024 The directors are pleased to present their annual directors, report together with the fancial statements of the charity for the year ending 31 March 2024 which are also prepared to meet the requirements for a directors, report and accounts for Companies Act purposes. OUR oKfECTIVES, ACTIVITIES, Ar PUBLIC BENEFIT The charity PTovides a music theTapy service to children. young people and adults with severe communication problems. The services are delivered in a number of hospltals, conununity/residential units, schools and other venues in Northern Jreland. In shaping our objectives, the ditectors confirni that they have had due Tegard foT the guidance produced on Public BenefLt by the Charity Commission for Northern Ireland. Our objectives aTe: To Promote understanding amongst the public health and Care professionals about the nare and potential of music therapy as a treatment for people with various type5 of disability. The direct benefit that will flow from the purpose of promoting understanding amongst the public and health care professionals within the island of treland is that these groups will be aware of rnusic therapy as a therapeutic intervention and the positive effects it can bring if included as part of treatrnent for those with a disability. These benefits can be evidenced through the increasing numbers of people seeking to access training workshops, music therapy services and feedback from clients. There is no private benefit derived from this objective and no ham arises from thi5 purpose. To establish and manage a Music Therapy Centre in Belfast or elsewhere to provide a comprehensive Music therapy service to work with children and adults with a disability, throughout Ireland, including: (i) helping and encouraging all those interested therein in its promotion in the community, (li) to raise public awareness of the value of music therapy, (iii) to provlde education and inforniation service for all involved with those with a disability, (iv) to act as a resource for research into all aspects of music theTapy and (v) to provide a focus for fjjndraising for the aforesaid purposes. The direct benefits that will flow from the puryose of establishment and management of a Music Therapy Centre in Belfast are: _ (i) music therapy can be easily accessed by those with a disability regardless of age, (li) act as a hub to increase awareness of what music therapy is and promote the positive irnpact music therapy can bring to the health of a community. Also, the centre acts as a resouTce to educate and train those WOTking with those with a disability, (iii) increased awareness of music therdpy as a career, (iv) positive impact and an additional resource on the provision of healthcare services to those with disabilities (v) undertakes research to strengthen the evidence b&8e of the positive effects of music therapy in all aspects of peoples, lives. Beneficiaries of Every Day Hannony are people throughout ITeland who are affected by physical and learning disability, mental health issues, emotional and physical trauma, other health issues and palliative care. The benefits can be evidenced from our records of the nurnbers accessing our services, case studies, unÈversities in ternis of job placements, training provided by Every Day Harniony, and in the contribution made in research projects. Through training, staff and Board mernbers receive incidental benefit however this training is necessary for them to discharge theiT duties. No hann arises from this purpose. Page 3
NORTHERN IRELAI¥D IsIc THERAPY TRUST LIMITED REPORT OF THE DIRECTORS - eontinu¢d FOR THE YEAR ENDED 31 MARCH 2024 OUR ACHIEVEMENTS AND PERFORMANCE During the year, the Charity continued to deliver services to clients in all five Health & Social Care Trusts in the areas of physical disability, learning disability, child and adolescent mental health, dementia, Children with complex care needs and brain injury. We also continued to deliver a regional service across Northern Ireland under contract for the DOH - Strategic Planning & Perfonnance Group for children with severe disabilities. Over 200 children benefited from this service in the last year. We continue to provide a face-to-face service and in the last year provided over 8000 hours of music therapy annually for individuals and groups in over 55 different venues across Northern Ireland. During the year we continued to be supported by the following fiderS and partner5 - The PHA provided fjjnding for us to deliver a service to children in Fane Street Primary School, many of these childTen are from the families of asylum seekers and English is theiT second language. The LFT Charitable Trust continue to support our work and provided the funding to deLiver 12 weeks Music therapy into two Dementia Care homes in 2023-24. We continue to deliver into the Schools and Special Schools throughout Nl and delivered into 8 schools in the last yeaT DOH Mental Health Covid Recovery Fund-we have successfully completed the delivery of this two-year project providing a service to individuals in Woodstock Lodge the regional Eating Disorder Centre We have completed the delivery of Creative Music workshops into three bail hostels over the last 18 months which was funded by ARC. Music is a very important Part of all of our Lives- At Everyday Harnkony we see positive outcomes frorn music therapy every day and we hear some absolutely amazing stories. We are inspired by the testimonials of the Clients and their carers who have received our services- L. has complex needs, sensory integration difficulties and is registered blind. L. is 5UPPOrted on a one-to-one basis and has used her own bespoke room in Suffolk for many years. L. has had long tenn input from music therapy and recently her participation in the sessions had taken a dip which resulted in L. using Echolalia (repetitive speech) and behaviours to end the session. The music therapist suggested using a bigger room wheTe L. would have access to a piano in order for the music therapist to contain and provide musical support to L. This has been a very positive experience for L. with a marked reduction in the use of echolalia and distressed behaviours. L. is now spending moTe time in the session and has been observed by staff spending time self-soothing (rubbing inside of arni with fmgers) whilst being very calm and deep in thought. From L.D Day Centre, Care Worker "We are just so grateful to have received a block of therapy and cannot expres5 how much this h&5 helped this Client. It has opened up a new world for them. This client couldn't tolerate sound but105t their eyesight and needed a chance to see if they could move into the world of sound and music to support ch8nge." CWDS Social Worker "I just wanted to Share with you that you have triggered a groundbreaking moment with S this evening. J had let me know that S was joining in with animal sounds etc. in today's session. After dinner this evening he said, "book" and went to the cupboard and took out a book with animal sounds and he is PTessing and saying the sound all evening. Nonnally he can't wait to get a book closed and it is unheard of for S to go looking for a book. Well done, CWDS Parent Page 4
INORTHERN IRELAND MUSIC THERAPY TRUST LIMITED REPORT OF THE DIRECTORS - continued FOR THE YEAR ENDED 31 MARCH 2024 "I enjoy coming to music therapy and look forward to my se55ions. It really helps to ca]m my nerve5. "I've absolutely loved music therapy. It's really fun and has helped me to communicate my feelings. CAMHS clients "I am more confident having something in my hands tguitar] to distrdct me from my nerves." "I feel better when I go to sessions, a bit lighter in SPiTit." "Pushing myself to play something I didn't know how to, knowing that nobody is judging me." Quotes from Magilligan Prision "M really enjoys music therapy and is making progress in his sessions. He's learning to explore new instsillnents using his hands and is making a better effort to interact. Jessy's Fund parent I think music therapy is really beneficial. A lot of our service users reminisce through music, and it triggers happy memories for them. They really enjoy it and love the variety in activities from week to week. It consistently motivates them. It benefits L to be withdrawn from the busy environment of his day care room to get l.. l therapeutic input. He is more settled on his return to the group space and we fmd that his interactions with other5 are more positive after attending music therapy. "J tends to isolate himself from other service users- music is the one thing that motivates hitn to set aside his iPad and interact with other5." "Music therapy is an important forn) of communication for OUT client group, who are all non-verbal. The sessions allow for I: l interaction, exploring sounds, geSreS and facial expression leading to a better understanding of likes and dislikes, health &nd wellbeing. The person-centred approach is very valuable." "T doesn't wait for anything. He's a very busy and active individual and spends his days walking along the corridors at the centre. In music therapy, he has learned to remain seated in the space and wait his when other group members are playing. He will wait until Roisin has fmished the 'Goodbye' song before leaving the room. This is very significant for T." "Consistency is key for A. It's important that R work5 at a slow pace with A to help him feel in control and bring out the best in him. She manages his expectations really well. A will present with challenging behaviour when he is feeling anxious or unsettled and the fact that we have not witnessed thi5 in music therapy since sessions commenced over a year ago spe&ks volumes. BHSCT Day Centre staff FINANCIAL REVIEW The organisation made an operating surplus of £31.578 (2023: £41,104) for the year ended 31 March 2024. Reserves Policy andgolng concern The charity operates on the basis of keeping reserves to coveT 6 months expenditure. This policy was decided upon to enable it to meet all its service commitments and bridge the gap between income and expenditure as well as providing cover for any unplanned emergencies. At 31 March 2024 the Charity has Teserves of £494,742 (£51,673 restricted and £443,069 unrestricted) which represents more than 12 months operating expenses. The Directors believe that the Charity is a going concern and &s long as service level agreements are maintained the organisation is secure in continuing its actlVAties. Page 5
FIORTHERN IRELAIND MUSIC THERAPY TRUST LIMITED REPORT OF THE DIRECTORS - continued FOR THE YEAR ENDED 31 MARCH 2024 FUTURE DEVELOPMENrs The organisation will see a chaThge of CEO during 2024125, the current CEO has been in place for 6.5 years and has success11Y grown our regional service througb many challenges including a pandemic and massive changes in the fijnding environment. The directors recognise that this is a key position and have appointed "Engage Executive Recruitment" to assist them in recrniting a new CEO. The directors believe that the organisation remains stable and fmancially viable and that it should continue to operate on the cuent social economy model. While the Trust currently has no fancIal or cashflow concerns, it will be prudent for them to careIlY monitor the effect of changes in key staff a])d the funding environment to identify any impact this may have on the organisation in relation to services and expenditure. The directors intend to maintain the objectives and aims of the trust and will continue to Provide and increase the regional service across Northern treland. STRUCTURE, GOVERNANCE AND MANAGEMENT The Charity is governed by a mernorandum and articles of association, dated 27 July 1990 and updated at an EGM on 25 July 2016. It is a lirnitsd company by guarantee. The Charity became a registered charity with the Charity Commission NI on 7 April 2016. Appolnfmenl of Dlrectors All positions for Charity tStee$ are advertised widely with a targeted job description. As per the memorandurn and articles, one third of Board members Tetire annually. Training on COTPOTate governance was delivered to the Board of Directors during the year on their roles and responsibilities and a Skills audit was carried out to identify areas for new Board member Tecruitment. Rtsk Management The Organisation has a risk register which is reviewed by the Board on a 9 monthly basis to ensure the principal risks are being addressed and managed. Page 6
INORTHERN IRELAND ThIUSIC THERAPY TIiUST LIMITED REPORT OF THE DIRECTORS - eontinued FOR THE YEAR ENDED 31 MARCH 2024 REFERENCE AND ADMINISTRATIVE DETAILS The NI Music Therapy TTUSt, tla Every Day Harniony is a charity and is a company limited by guarantee. Cornpany Number: NI 024686 Charity Registration Number: Registered Offi¢e: NIC104523 (since 7 April 2016) Unit 4 McKibbin House, Eastbank Road, Carryduff, BT8 8BD Our advtsers Auditor5 Bankers Solicitors Baker Tilly Mooney Moore Danske Bank Carson McDowell 17 Clarendon Road. Clarendon Dock, Belfast, B TI 3BG P.0. Box 183, Donegall Square West, Belfast, B Tl 6JS Murray House, 4 Murray Street, Belfast, BTI 6DN Dlreclors The number of Directors shall not be less than 2 but shall not be subject to any maximum. The directors shown below have held office during from l April 2023 to the date of thi5 report. Mr J W Mccart (Chair) Mr G Mccann Ms P O'callaghan Mrs R Reid Ms F Cassidy Other changes in directors: Dr M G A McGinnity (resigned 22 June 2023) Mrs A Fitzpatrick (appoiJ]ted 13 April 2023) Dr M Nicholson (appointed 27 April 2023) Key managemenipersonnel Chief Executive Office: Mrs Anne Walsh Page 7
FIORTHERN IRELAND MUSIC THERAPY TRUST LIMITED REPORT OF THE DIRECTORS - continued FOR THE YEAR ENDED 31 MARCH 2024 STATEMENT OF DIRECTORS, RESPONSIBILITIES The directors are responsible for Preparing the Report of the Directors and the fjnancial statements in accordance with applicable law and regulations. Company law Tequire5 the directors to prepare fmancial statements for each financial year. Under that law the directors have elected to prepare the fmancial statements in accordance with United Kingdom Generally Accepted Accounting Practice Iunited Kingdom Accounting Standards and applicable law). Under company law the directors must not approve tbe fmancial statements unless they are satisfied that they give a 8JLd fair view of the state of affairs of the Company and of the surplus or deficit of the company for that period. In preparing these fjnancial statements, the directors are Tequired to.. select Sultable accounting policies and then apply them consistently. - make judgements and accounting estimates that are reasonable and prudent. prepare the fancial Statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with re&sonable accuracy at any time the fmancial position of the company and enable them to ensure that the fmancial ststements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS Each of the Directors confllins that, so far as they are aware, there is no relevant audit inforniation of which the auditors are unaware. Each Director has taken all the steps that they ought to have taken as a director in order to rnake themselves aware of any Televant audit infonnation and to establish that the auditors are aware of that inforniation. AITDITORS The auditors, Baker Tilly Mooney Moore, will be proposed for re-appointment at the forthcoming Annual GeneraL Meeting. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. ON BEHALF O THE BOARD: Mr J W Mccart - ChaiT Date.. Its Page 8
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF NORTHERN IRELAf+lD IVIUSIC THERAPY TRUST LIMITED FOR THE YEAR ENDED 31 MARCH 2024 Opinion We have audited the fmancial statements of Northern Ireland Music Therapy Tt Limited (the 'company') for the year ended 31 March 2024 which comprise the Statement of Financial Activities, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The fmancial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FinanciaI Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice). In our opinion the fll]ancial statements.. give a true and fair view of the state of the company's affairs as at 31 March 2024 and of its surplus for the year then have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the fJnan¢ial ststements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the fanCIal staternents in the UK, including the FRC'S Ethical Standar¢ and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going Concern We have nothing to report in respect of the following matters in relation to which the ISAS (UK) require us to report to you where: the directors, use of the going concern basis of accounting in the preparation of the fmancial statements is not appropriate. or the directors have not disclosed in the fmancial statements any identified material uncertainties that may cast significant doubt about the company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve rnonths from the date when the fmancial statements are authorised for issue. Other informatio The directors are responsible for the other infonnation. The other infornation comprises the inforn]ation in the Report of the Directors, but does not include the fll]ancial statements and our Report of the Auditors thereon. Our opinion on the fmancial statements does not cover the other inforniation and, except to the extent otherwise explicitly stated in our report, we do not express any forn] of assurance conclusion thereon. tn connection with our audit of the fmancial statements, our responsibility is to read the other infonnation and, in doing so, consider wbether the other infornation is materially inconsistent with the fmancial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to detennine whether there is a material misstatement in the fmaThcial statements or a rnaterial misstatement in the other inforn]ation. If, based on the work we have perforned, we conclude that there is a material misstatement of this other infornation, we are required to report that fact. We have nothing to report in this regard. Opinion on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the inforniation given in the Report of the Directors for the fmancial year for which tbe financial statements are prepared is consistent with the fmancial statetnents" and the Report of the Directors bas been prepared in accordance with applicable legal requirements. Page 9
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF rioRTHERN IRELAIND MUSIC THERAPY TRUST LIMITED (continued) FOR THE YEAR ENDED 31 MARCH 2024 Matters on which we are required to report by exception In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kep¢ orreturns adequate for our audit have not been received frotn branches not visited by us. or the fmancial staternents are not in agreement with the accounting records and returns. or certain disclosures of directors, remuneiation specified by law are not made. or we have not received all the inforniation and explanations we require for our audit. or the directors were not entitled to prepare the fanCIal statemeThts in accordance with the small companies regime and take advantage of the small companies, exen]ption from the TequiTement to prepare a Strategic Report or in preparing the Report of the Directors. Responsibilities of directors As explained more lEY in the Statement of DirectOTS' Responsibilities Set out on page eight, the directors are responsible foT the preparation of the fanCIal statements and foT being satisfied that they give a e and fair view, and for such internal control as the directOTS detern]ine necessary to enable the preparation of fmancial statements that are free from rnaterial misststement, whether due to fraud OT eOr. In preparing the fmancial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing> applicable, matters related to going concern and using the going concern basis of accounting unless the director5 eÉther intend to liquidate the cornpany or to cease operations, or have no realistic alternative but to do Auditor5, responsibilities for the audit of the financial Statements Our objectives are to obtain reasonable assurance about whether the fmancial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these fmancial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with OUT responsibilities, outlined above, to detect material misstatements in respect of irregulaTities, including fraud. The extent to which our procedures are capable of detecting iegularl¢1es, including fraud is detailed below.. Our approach to identifying and &ssessing the risks of material rnisstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as folIows: .the engagement partner ensured that the engagement team collectively had the appropTiate competence, ¢apabilities and skills to identify or recognise non-compliance with applicable laws and regulations. 'we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the charity sector. •we focused on specific laws and regulations which we considered may have a direct material effect on the fmancial statements or the operations of the company, such as the Companies Act 2006. 'we &ssessed the extent of cornpliance with the laws and regulations identified above through making enquirtes of management. and •identified laws and Tegulations were comtnunicated within the audit team regularly and the team renlained alert to instances of non-compliance throughout the audit. Page 10
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF FIORTHERN IRELAND MUSIC THERAPY TRUST LIMITED (continued) FOR THE YEAR ENDED 31 IVIARCH 2024 We assessed the susceptibility of the company's fmancial statements to mateTÈal misstatement, including obtaining an urLderstanding of how fiaud might occur, by.. 'making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of acthal, suspected and alleged fraud. •considering the internal controls in place to rnitigate risks of fraud and non-compliance with laws and regulations. To addTess the risk of fraud through management bias and override of controls, we: 'perfornied analytical procedures to identify any unusual or unexpected relationships; •lested journal entries to identify unusual transactions. In response to the risk of iegularltles and non-complian¢e with laws and regulations, we designed procedures which included, but weTe not limited to.. •agreeing f]nancial statement disclosures to underlying supporting documentation. •reading the minutes of meeting5 of those charged with governance; •enquiring of managen]ent Ls to actual and potential litigation and claims. There are inherent limxtations in our audit procedures descriljed above. The more removed that laws and regulations are from fmancial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from em)r as they may involve deliberate concealment or collusion. A further description of our responsibilities for the audit of the fanCIal statements is located on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This descTlPtion fonns part of OUT Report of the Auditors. Use of our report This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 ofthe Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are requiied to stste to them in a Report of the Auditors and for no other purpose. To the fullest extent peTmitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit Work, for this report, or for the opinions we have fornied. KOCuTrn Eimear Brown (Senior Statutory Auditor) for and on behalf of Baker Tilly Mooney Moore Statutory Auditors 17 Clarendon Road Clarendon Dock Belfast Co. Antrim BTI 3BG Pagell
NORTHERN IRELAND MUSIC THERAPY TRUST LIMITED STATEMENT OF FINANCIAL ACTIVITIES (Incorporating the Income and Expenditure Account) FOR THE YEAR ENDED 31 IIIARCH 2024 Unrestrieted Funds Restricted Funds Total Funds 2024 Total Funds 2023 Income (note 3) Donations and grants Charitable activities tnvestment income 1,809 376,925 276 51,710 53,519 376,925 276 74,173 414,025 Total income 379 010 430 720 488 198 Expenditure (note 4) Charitsble aotivities 349 964 399 142 447 094 Total expenditure 399 142 447 094 Net surplus for the year 29,046 2,532 31,578 41,104 Balances brougbt fonvard at l April 414,023 49,141 463,164 422,060 Balances carried forivard at 31 March 443 069 494 742 463 164 The incorne and expenditure summary as required to be disclosed by the Companies Act 2006 is included at note 13. All amounts relate to continuing activities of the charity. The notes forni part of these financial statements Page 12
NORTHERN IRELAISD MUSIC THERAPY TRUST LIIIqITED (REGISTERED NUMBER: N1024686) BALAIYCE SHEET AS AT 31 MARCH 2024 31.3.24 31.3.23 Notes FIXED ASSETS Tangible assets 8,144 10,594 CURRENT ASSETS Debtors Cash at bank and in hand io 74,036 99,179 407 124 533,671 506,303 CREDITORS knounts falling due within one year ET CURRENT ASSETS 486 598 452 570 TOTAL ASSETS LESS CURRENT LIABILITIES 494 742 463 164 RESERVES Restricted funds Unrestricted funds 12 12 51,673 443 069 49,141 414 023 494 742 463 164 The fmancial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. The f]nancial statements were authorised for issue by the Board of Directors on signed on its behalf by: . and were Mr J W Mccart - Director The notes forni part of these fmancial statements Page 13
NORTHERN IRELAND TrtUSIC THERAPY TRUST LIMITED STATEMENT OF CHANGES IN FUIYDS FOR THE YEAR ENDED 31 MARCH 2024 Unrestrieted funds Restricted funds Total equity Balanee at l April 2022 383,504 38,556 422,060 Changes in funds Surplus for year 30,519 Balance at 31 March 2023 414 023 463 164 Changes in funds sulus for year Balance at 31 Mareh 2024 443 069 494 742 The notes form part of these fmancial statements Page 14
NORTHERN IRELAND MUSIC THERAPY TRUST LIMITED f4OTES TO THE Fll¥ANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 NATURE OF CHARITY The Charity is a private company limited by guarantee with charitable status incorporated in Nortbern Ireland. Every member of the company undertakes to contribute such amount as may be required not exceeding £20 to the assets of the charitable company in the event of its being wound up while he or she is a member or within one year after he or sbe cease5 to be a member. ACCOUNTING POLICIES Basis of preparing the finaneiAI statements The financial statements of this public benefit entity have been prepared under the historical cost convention and in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to charities prepaTing their accounts in accordamce with the Financial Reporting Standard applicable in tbe UK and the Republic of Irel3nd (FRS 102) (effective l January 2019) - (Charities SORP IFRS 102)), the Fin8ncial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102), and the Companies Act 2006. The following is a summary of the signifLcant accounting policies adopted by the charttable company in the prepaTation of the fmancial statements. Financial reporting standard 102 - reduced disclosure exemptions The company has taken advantage of the following disclosure exemption in preparing these fanCIal statements, as pennitted by FRS I02 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP (FRS 102).. the requirernents of Section 7 Statement of Cash Flows. Income All incorne has been included in the Statement of Financial Activities and have been recolSed when there is entitlement to the income, certainty of receipt and it can be measured reliably. Grant Income Grants related to specific capitsl expenditure are treated as deferred income which is credited to the Profit and loss account over the related asset's use1 life. Other grants aTe credited to the profit and loss when received. Expenditure All expenditure is accounted for on an accruals basis and h&s been classified under headings that aggregate all costs related to the category. Costs on raising funds are those costs inCued in attracting voluntary income, and those incurred in trading activities that raise funds. Expenditure on chaTitsble activities comprises the costs of delivering music therapy sessions to different community groups, together with support costs incurred centrally and governance costs associated with the governance agements of the charity which are primarily associated with constittjtional and stamtory requirements. Tangible fjxed assets Depreciation is provided at the following annual rates in OTder to write off each asset over its estimated useful life. Instruments 250/0 on cost Office & computer equipment 25% on cost Page 15
ORTHERN IRELAND IIWSIC THERAPY TRUST LIMITED r40TES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES - continued Taxation The chaTitable company is accepted by HMRC as having tsx exempt staL)Js. Fund aeeounting The company has various types of funds for which it IS Tesponsible, and which require separate disclosure. These aTe as follows: (i) Restricted fimds GTants or donations received which are designated by the donor for specific puryoses. Such purposes are within the overall aim of the charity. (li) Unrestricted funds Funds which are expendable at the discretion of the charity in the furtherance of the objectives of the charity. Financial Instruments The charity only has fmancial assets and fanCial liabilities of a kind that qualify as basic fanCIal instruments. These are initially recognised at transaction value and subsequently measured at their settlement value. Cash and Cash Equivalents Cash and cash equivalents comprise cash at bank and c&5h in hand. Debtor$ Sundry debtOTS are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid of the transaction price. Creditors Creditors and provision5 are recognised where the charity has a present obligation resulting frorn a past event that will probably result in the transfer of funds to a third paty and the amount due to settle the obligation can be measured or estimated reliably. Operatfing lease eommitments The company classifies the lease of office equipment as an operating lease. The title to the equipment remains with the les50r and rental charges are charged to the statement of fmancial activities on a straight-line basis over the tern] of the lease. Pension costs The company operates a defmed contribution pension scherne. Contributions payable to the company's pension scheme are recognised as an expense in the period in which they are incurred. Significant judgements and estimates The directors COnfM that there have been no significant judgements and estimates used in the preparation of the fjnancial statements. Page 16
NORTHERN IRELAND TrtUSIC THERAPY TRUST LIMITED IYOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 INCOME Unrestrieted Funds Restricted Funds Total Funds 2024 Total Funds 2023 Grants received Departhent of Health Core activities LFT Charitable Clear Project BSO CFNI Donation5 Sthdent Placements Suzzanne Toal Youth Justice Services 6,402 6,904 4,874 6,402 6,904 4,874 12,804 14,885 7,596 38,063 33,260 33,260 1,080 729 1,080 729 170 100 170 loo 1,809 51,710 53,519 74,173 Charitable aetivities Clinical fees 376,925 376,925 414,025 Investment income Bank interest 276 276 Page 17
NORTHERN IRELAND MUSIC THERAPY TRUST LIMITED Tr40TES TO THE FINANCIAL STATEMENTS - eontinued FOR THE YEAR ENDED 31 MARCH 2024 EXPENDITURE Unrestricted Restricted Totsl Funds Funds Funds 2024 Total Fun(Ls 2023 Charitable activities Therapists, salaries Therapist travel and other expense5 Document retention Mernbership fees Musical instruments and unifotm costs External supervision fees Staff Healtheare Staff training LeonaTd Pugh Bursary 190,948 19,240 69 508 1,959 3,490 2J52 48 34,505 225,453 19,240 69 508 1,959 3,490 2,352 48 8,271 257,986 18,748 59 1,360 1,817 2,613 1,670 255 3,600 8,271 Includlng Ihefollowlng governance costs.. Audit, legal and consultants, fees Depreciation 15,993 3,080 15,993 3,080 14,915 3,080 Includlng Ihefollowlng supporl costs.. Insurance Stationery and printing Postsge Telephone Rent Heat and light Premises expenses Bank charges IT expenses Sundry expenses Administration salaries Bad debt provision 1,763 2,031 54 5,665 8,974 2,755 1,488 93 4,680 954 83,820 1,763 2,031 54 5,665 8,974 2,755 1,488 93 4,680 954 90,222 1,638 2,775 6,052 8,790 2,372 1,169 92 1,900 961 94,233 21,000 6,402 349 964 399 142 447 094 Page 18
r4oRTHERN IRELAND TrtUSIC THERAPY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 STAFF COSTS 2024 2023 Wages and salaries Social security costs Pension costs 275,390 21,352 305,655 25,695 315 675 352,220 The average nurnber of employees duTing the year was 14 (2023..14). The trnstees received no remuneration in the COULBe of their WOTk during the year and no employee received emoluments in excess of £60,000. KEY MANAGEMENT PERSONNEL COMPENSATION Compensation paid to key management personnel in the year to 31 March 2024 was £63,340 (2023: £62,415). OPERATING SURPLUS The operating surplus is stated after charging,. 31.3.24 31.3.23 Auditor remuneration - External audit TAXATION Being registered with both HMRC and the Charity Commission for Northern Ireland as a charity, no liability to UK COTporation tax arose on ordinary activities for the year ended 31 March 2024, nor for the year ended 31 March 2023. Page 19
NORTHERN IRELAND IVtUSIC THERAPY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS - eontinued FOR THE YEAR ENDED 31 MARCH 2024 TANGIBLE FIXED ASSETS olee & computer equipment Instruments Totals COST As at l April 2023 Additions 21?57 42,457 630 63,814 630 At 31 March 2024 21?57 43,087 64,444 DEPRECIATION As at l April 2023 Depreciation charge 21,357 31,863 53,220 At 31 March 2024 21,357 34,943 56,300 NET BOOK VALUE At 31 March 2024 At 31 March 2023 io. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Sunthy debtors - Fees Prepayments and accrued incorne 72,686 99,179 ii. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31,3.23 Fees paid in advance Trade creditors Accruals & sundry creditors Taxation & social security 15,092 2,795 25,629 24271 847 21,899 47,073 12. FUNDS Unrestricted funds Restricted funds Totals At l April 2023 Surplus for tbe year 414,023 29,046 49,141 463,164 At 31 March 2024 443,069 494,742 Page 20
IYORTHERN IRELAND TrIUSIC THERAPY TRUST LIMITED F40TES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 13. INCOME AND EXPENDITURE SUMMARY 2024 2023 Gross income 430,720 488 198 Resources expended Costs of generating fidS Costs of activities for charitable objectives Support and governance costs in furtber&nce of the objectives of the charity 349,964 49,178 384,753 399 142 447 094 sUlUs for year The above Teflects the Income and Expenditure account as required by the Companies Act 2006 as opposed to that TequiTed under the Statement of Recommended Practice as detailed on page I l. Total income comprises £379,01 O for unrestricted fimds and £51,710 for restricted funds. A detailed analysis of income is provided in the Statement of Financial Activities. Detailed analyses of the expenditure are provided in the Statement of Financial Activities and note 4. The Income and Expendire Summary is derived from the Statement of Financial ActlVLties on page 12 which together with the notes to the accounts on pages 15 - 22 PTovide5 full infonnation on the movements during the year on all fidS of the charity. 14. PENSION SCHEME- Defined Contribution scheme The company operates a defmed conthbution pension scheme. The pension cost represents contributions payable by the company to the fund (excluding member salary 5acrifLce contributions) and amounted to £18,933 (2023: £20,860). 15. TRANSACTIONS WITH DIRECTORS AND RELATED PARTIES No director emoluments were paid during the year (2023 - £Nil). There were no transactions during the year in which any director or related p8ty had an interest requiring disclosure. Page21
NORTHERN IRELAND IUSIc THERAPY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 16. FUNDS ANALYSIS At April 2023 Ineome Expenditure Transfers At31 March 2024 Unrestrieted funds General fund 414 023 379 010 349 964 443 069 Restrieted funds LFT Charitable CLEAR Project Leonard Pugh CFNI G Lightbody DOH 2,500 14,885 31,756 6,904 3,899 9,404 18,784 23,485 8,271 34,505 34,505 Total fund$ Analysis of net assets between the funds Unrestricted funds Restricted Totsl 2024 funds Tangible f]xed &55ets Current assets Creditors falling due in less than one year 8,144 481,998 (47,073) 443,069 8,144 533,671 (47,073) 494,742 51,673 51,673 Prior year Unrestricted funds Restricted Total 2023 funds Tangible fed assets Current assets Creditors falling due in less than one year 10,594 457,162 (53,733) 414,023 10,594 506,303 (53,733) 463,164 49,141 49,141 Page 22