Ch•rfty R•ql*aU#n 14th NIC101762 C•mpary Re9lstratbr•Th NIO333e41N(•rtheffl Inland) MOVING ON.MUSIC LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL srATEMEKrs FOR THE YEAR ENDED 31 MARCH 2023 JCFZN6)M• 11Y11r2023 CWPANIES HOUSE
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MOVING ON MUSIC LIMITED LEGAL AND ADMINISTRATIVE INFORMATION M Sharjna M Johnston C Nop•ffjod G McGonigle A Imne J Rty M Johnston O%irfty nyrnb•r NIC104762 Campany Nmber N1033384 R•gtstered offl(• Thè MAC IO Eychange Str•et West St Annes Square Belfast NeM Ife14nd BTI 2NJ Ind•pondont examlTher FPM Acwuntants Limited 1 - 3 Arthur Slreet Bellast Northem Ireland BTI 4GI nk• Dak• 8•nk Donegan Squaf• W•st Belfasi Co. Antrim Northem freland 8T1 6JS
MOVING ON MUSIC LIMITED CONTENTS TNstees rnport Independont exJmSn•es ieport Stst•m•ftt al Iln•ncl•l •ClilI 9-10 Nottt to the fiftand•l stthm•nts
MOVING ON MUSIC LIMITED TRUSTEES REPORT (INCLUDING DIREcfoRS' REPORD FOR THE YEAR ENDEO 31 MARCH 2023 The trust8•s present their report •nd audired ffnancial stamentS for the y•r ended 31 March 2021 The accounts hav• been prepared In i¢cord•n¢g wkh th4 accouniing pollcies s•t èut In I to th• accounls and compty with the chJiFty's Memordndum & Artide5 of A5sociattOry the Comp•nies A£1 2006 and "Accountin9 and Reporting by Chaiilies.. Statement ol Recommended Pfartice applicabl• to tharities prepariry their accounts in accOrdae with the Finaal Reportin9 Standard applicable in the UK atvj Republic ol Ir•land IFRS 1021"1•5 amended for •¢rounting ptriods ¢¢mrn¢ncing from 1 J4nu•ry 20191 ObSecti¥•s and ictl¥ltles The charity's objects are the promotion. improvemenL development and malntenonte af public oducation in •nd appreciation of th• art Ind KiefKe af ffjuslc lft all its form(, Chjrftsble Objlrt Th• 4dvoncemont Of th• arts <uliure, herita9e or sclence. Publlc B•n•fit Th• dlrert ben•fit to the public whlch fiow5 from promoting musl£ Ind advancing edLJcatioN in the •rts is io impfove the qullity ol life of the publi¢ practtrtloners and participarits ty. rnèking quality rnusic perfarffl•n¢es 4nd educatlon Pfojeas avallable w the public leading to Incrsd public •warene55 ond utisllctlory provtdin9 servic•s in support of, Ind commissioning ih• woik of lac•1 muilcians, composers ènd educofs allowing th•m to Continue to dMlop their skills by workrn95 together io produce music lor the public enjoymeni and 95vin9 rnoF¢ people the opportunity to partlpta by iomtying barriers to attertdaJKe it perforni•nces lor ¢xJmple by prodvcing more local events •nd under rppr•wnted artists. 8•n•fieiarit& people Ilvlng in Northern Ireland and beyond. Obj•cthM. A¢tl¥ltl•& A¢hl•¥•m•nts afid Pert•rniinc• Now lrt its 28th year. MOM ha5 survive4 Jdapted Jnd establlsh¢d •rsell ID 4 difficult depleted sector. Established in 1995 by Brian Carson (who led thè company until 20201. MOM continues t¢ be a highfy eflective and resperted Company. MOM is the leading prumotii of jazL folK f¢X)ts traditional, classical and 'oiherf music in Nl l.e. music thai is nonvcommErcial Jnd needs suppor( both financially and StrUcTallY, to exisL MOM deli1$ Jn annual pro9ramrne of artivity which includes specièl ontrvfl ¢oncerts in BelfasL coordinating profflotin9 tours cross Irelbnd. and delivèring Belfast's gnly jozz fesiival. Bri114ant Cornels. MOM irnploments education and outre4ch pmjects. undertakes event management and consultancy work oceasionally. •nd pro9rnmmes loi othèr festwals and showcase even. Additionalty. MOM is involved Fn the development ol artists w01n9 in ur#derrepresenied ffluc and commissions new work. As well as showcasing ond developing lo¢al talenL MOM is Cornm[ed 10 introdu<in9 international talent to the region. ensuring Belfast (and Nll 1$ 4 destination lor wartd class tovring •rtists, and is ieco9nised as •n OU0rd lookin9 music dertination. The core ethos and activity of the Company continue5 and ne%V apportunities are eyplored ensufing MOM ronlinue5 to flourish. The seaor is at a pivotal poini wlth declining public fvnding, short.tem nding, pditical uncertainry. the ol living oi*s. 8rexiE implicaiion% exiting a pandemic and musi< industry upheaval all to be considered.
MOVING ON MUSIC LIMITED TRUSTEES REPORT (INCLUDING OIREcfoiis' REPORT) (CONTINUEO) FOR THE YEAR ENDED 31 MARCH 2023 7he qreai•sf danger ffl times olwrbtslence is nat the fUlenCe - it u to art lo9". Petei Orncker Our Cvfrent str41egic plan has the following elements: An eW¢r•tlve •nd d•ytymtfreshiy musk J•rtor thar v•ltses •nd suppwts •mits Misslon Mowng on MUSK wll Oentify, support and d•velop arttsts the rnu sector •nd the Ilve ffl¢ the next SyeJry, V•lu Quality dfiveft Innovativi Éncoura9iiig Dirtinct Challenging Proficient Thern Th• paekaglThJ and ¢QmThnIaI1on ot Mom's ¢utpyt h15 1n iimplifild Ind will n+)w fall und•r the followin9 thmps: Pffornffj••ft- es$trli•lly thi$ Is our live musi¢ output. This ihdvdes <oncerty lou festsv¥l& •rfment•OTh - thls is n•w tde•% cre•tioTr ol new work •nd explorin9 MW •PPfo4th•s. Thls Indudes commissioning Woti serie& one-off pffjJe¢is new partnwships, n•w w•ys of ddiverlng acliyity. D•v•lopffl•ntal - though muth of MOM'S work VAII lall under d•vdopm•nts( thls theme rnfers to actiffj thot ipec5Eully advances 4rtisi careets the sertor. This Indudes 89enty WQfk •rti$ts development wo(i sectoral wor All activity can bi fijrthef sepiratèd inio 2 categorier, Planned Activity this is aciivity MOM has designed in aolfance and has been induded in the Jnnual prugramme IApril-Marchi and piesenied to funders at application stage. It includes activity from all three themes. Essentlally this is the progf•mrn• prrfented to MOM'S core bJnder, ACNI. Re•<il¥• Artivlty - this is activity ftot (luded ffi our annual programrne. Imrt becomes possible throughout the year. It may be shon-ierrn ProJeL last-minute 919% or an ad hoc partnership. This mby be a ieplacernent lor Hanned Aciivity that For whatever reason cannot happen, of the rlsuli ol •n opporturbity arising during the year. This is vital Wofk and it is tssential MOM rernsins r*attive so opptsrtunitles are not mlssed throughout the year.
MOVING ON MUSIC LIMITED TRUSTEES REPORT {INCLUDING DIRECTORS. REPORn {CONTINUED) FQR THE YEAR EIVDED 31 MARCH 20Z3 Athi•v•menis and perforniafi¢è Our 202¥23 pro9rarnme WJS the first fvll year since the pandemic that all acrivty was able 10 talE place without slgniticani disruption frorn covid.11 was an intredibly busy year for ihe organisation as w reiurned ro our ple-pandemic level ol concert loufin4 outreèch Xlwity while also coniinuing to develop the new a9enfy and developmenl project 'Middle Aisle,. It wa5 a su¢¢e$51ul yeai. PèfliaJlarty 9fven the finoncial difficuliles ol risin9 cosls Inflati¢ •nd stagnant cor• fvndin9. Plowever. •rti5ttcally the PfQ9fanYne wa5 ex¢•ll•ni •nd well received and iupported by Nl iudlences and p4rtner%, B¢low is èn averrfiew of our 2022rJ progrnmmt. Con¢•rts Our annual cancert pro9iamme was JrtisticJlly stron9. divetse, and attracted strong •udi•nce numbers during a lime when audiences were slow to return to events in generdl post-pandernic We continued Dur partnership wilh loc41 1g51ivals, pr•senlifi9 john Ffanos Flynn at CQAF ar Rochel Nwton al Wom¢n'i wo. Other hlghlights included a ¢on¢ert frJllowin9 a residency it SARC by Matmos, White, Chambv Choir Ifeland. and C•millJ Georye. We h05ted the Nl launch ol Contemporary Music Centre's lJtest r•leas• 'New Mu51c New Irelond.. The record leafvres new music frn composèrs across the isljnd with a strong Nl contingeni The launch •Ent feJfvred perf0mn¢t5 by Llna Andonovska, Mjrtln johnston and Rob•rt Finegan with worb by Ivcal composws Anselm Mcoonnell. Amy R¢>wey, Ian vnson and Pief5 HellawEII. We launched Handmjde Mu$5G J new mofithly impi•¥ised •nd experfmenul musl¢ proj•a In PIrtnehIP with SARC thnd Ac¢ideni•l The•tre. Thbs is Vrt ol a wlder restarch proJert ind funding is secured io develop this Jeries over the next Ilve year& TtyJrlng OUT iouring programm• fvatured intentionally renowned artists from i broad range of 9•nr•& 9reobath (Seoil•nd. Trnd.). Damien UKane & Ron Block 8and INI/G8IUS, Trad & 8luegr•ss). Fidelio Trio & Cilliln Vallety INIIGB, Contemporary Cl•s5icaiifrnd.l and Oon Vappie & Jatt Creolg (G8/US, Creole ljzz). Our touiing progr4mme reached a¢r0$5 Nl. with performanc¢s in Ama9h, Sirabane, Ma9her4 8ella5L Oma9h, Dery, Portstewirt gangor, Enniskillen Jnd Odlaghy. Outrea<h Our ovtreKh actlffity continued to brtng hl9h quallty inuslc perfornwncos into sthaol3 WTth perfonTranc•5 by Jack Wèrno¢k Oon Vappie e4 Jau Cfeol•. We c?ntinu•d to support the 8lack 8¢x's Moon Music project by p•rtnering with th•m and brfngin9 Middle Aisle artists Realla, Grninne My•r and TRU in io lacililate some se5sir)ns. Other K+ikshaps Included è session •t SARC by Matmos and a wothshop at the 81a¢k Box by Marisa Anderson. 8¥illl•nt Corners Brilliant Corners festival continued to piesent a broad church of incrèdible jazz artists. fealuriig 13 concens in 9 day% with artists featud including lor *x•rnplé Sar•thy Kopwar, Feryus M¢CrEadie Trio, Alexander Hawkins Tvio, Lina Allemano Four. Johanna Summer. We ld rhe most fefiival tyckets in rhe festival histgry Ihis year, wth stron9 turnouts at Jll fe5ttval event5 and very POSiUve feejback from oudiencis.
MOVING ON MUSIC LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS, RÉPORn (CONTINUED) FOR fHE YEAR ENDED 31 MARCH 2023 Mlddle A5sle The Middle Aisle project has continued io develop. securing 26 performances for artisis on the project roslef across Irel3nd. including some key slgts ol Other Voices Festival Stendhal Fe51. the National Concert Hall and Imbolc Festival and securing incorne worth over £15,000 dioctly for rnusician& JPN Confereft¢e We worked in partftwship ith the Jazz Promotion Nets1k to host their aftnual cDnfefence in 8elfJst in Novernber 2021 This Was the first lirne the conference had been held in Ifeland and wa an excellent opportunity for artists and people workbng within jau M the island to Come together and netwofk with colleagues from across the UL The conference was a major Success with interesting panels and dlscussrons on key issues facrng the jazz community. and a focus on Irish jazL Commlsslonln9 8t NLM Music Ban 8am - our partnership wilh lrnprovised Music Company continued with thè second edrlion of the 8•n8Jm commission awafd going lo MeilanJ Gillard INII, Cjrole Nelson {Idl and Bianca Gannon (Irll. The completed ¢ornmi55ions will be premiered in january 2024. As part ol the JPN conlerence, we hosted a showcase ¢1 Irish talen( whith induded performances of ew music pwiousty commissioned by MOM. frorn Scort Flanl9ary Meilarta Gillard. Robocobr Quarret and S¢eve Davi& In 2021R2 we commissroned 5e¥eral local composers (Rose Connalty, Niall Vallely and Ltnda Bucklvyl to write for the fidelio Trio wlth Cillian Vallely. These weie premiered on a tour alon95ide muiic by Neil Martirn Shaun Oavey and Iren¢ 8v<klw. FSnand•l r•¥1 The AnnL4è1 Report SI[d be Itad in conjunction with ihe Fin•noal Staternents for lh• year ended 31 Mafch 2023. In surnrnary. MoAng on Music retumed incomin9 resources 01 £259,558 of which £136,247 was (ted and £123,311 unie51ricted. The unrestricted balance cirfled fotwaid to reserve £119.07& Plans lor Futrjre Period We continue with Ouf new strategy which has inlomied 0r annual lunding applications and work plaru. A key priority going lorward is lo Wofk to increase our capacity to realise the lull potential ol the new project 'Middle Aisle..
MOVING ON MUSIC LIMITED TRUSTEES REPORT (INCLUDING DIREcfoRS' REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Stritcture. governan and m•n•g•ffle Governln9 Document Moving on Music Lid is a compafty limiled by guaraniee govemed by its Memorondum & Artide5 01 Association dated lo Derember 1997. MovTng on Music Ltd is registered with the Nl Chary Commission and is recognised as a dwrity by HMRC The tNstees who are also the dirertors lor the purpose of cornpany law. and who seNed durin9 the year were: M Sharni M Johnston C Nopood G McGonigl• A Ir4ine J O'Reil None of the ttU5tees has any benefKial interest In the company. All of the trustees are membeTh of the cory)any and guarantee tt) contribute £1 in the event of a windin9 UP. Appolfttment of Board Members are elected on •n annual b•s15 lor J terni of three year4 and on compl•tlon ot ihis term thry may stand for re-el•ction il ih•y so wish. OryanlsalSoMI stryc1• The &oard appolnt the stèff acconlimg to thé Strateglc Oty'ecWes contained withln the 8u9ne55 Pknn and the lèvel of fvnd achieved. Stslfin9 Duitng the year to 31 March 2013 the company employed 4 staff, alongde Ireelancer l fftatemity cover, lull time for 3rnonths l ffljff member Trtuming Irom maternity leave lor 9 months lfvjll ilme ihen mo¥in9 to reduced hou) l fijll limé Maff member 1 part time 5t•ff membei I freelan¢ parr time administrative assistani Bookkeeping was outsouried to Viable SeNices The straiégic and financlal twnnin9 of ihe ¢ompany was o¥eneen by the board ol directors and operntlonal decisions were rnade at r•9ulèr staff rneeiing& R•sk Man•gem•nt The chaftty's membets and Sèniof Staff hove considerÉ%d the rnajDr risks to which tharity i% exposed and hwe wiewed thow risks ènd established ¥ystems and procedure5 fg rnlnage those risk& indudin9 a 'sk islef and action pl•ns. The ISte¢S report wès èpproved by the Board ol Trustees. M Johnston Trustee
MOVING ON MUSIC LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRusfEES OF MOVING ON MUSIC LIMITED I f•POrt w tht tNste•s ¢n my è¥amination ol the r[nal31 rtaternèftts of Moving ort 14usic Umited (the charity) tof the ye•r •nd•d 31 March 2023. Responiibllhl•s b•$ of report A5 the tNstees ol the charity land •lso its directors for the purpow of wmpany I) you are re5ponslble for the pfeparatlon of th• fiNn¢iil statofflents In ac<Drd•nce wlth th• requir•rThMts ol th• Comp4nl4s Art 2Q06 (Ih• 2a06 An). M•vln9 S•tirfled mys•if thai thè fin•nci41 sutem•nts of the charfty IM not reqvlred io be Judit&l under Part 16 01 th• Zl)06 Acr and eligible lor Independent tM•Minacn, l rnport In rPea of my examlnation of the chJrftys financial stsiemen15 cafTled ¢xTt under the ClIES Act IN¢ythem Irqland) 2CQ8 Ith• loo8 Aal In carrylng out my ¢xaminatlon I have follpwed all the 4pplicable Direction5 grvtn by the Charity Commitsian gf the 2IyJJ ACL Ind•p•ndent •x•fflln•rfi rt•t•m•nt Since the charity$ 9ross income exceeded £2SO,000 your exarninef must be a member of a body Ilsted In th• 2QJ8 Act I confirni thai i am quallfied to und•rt•ke the oxarnin•tion be•JM l •m ¥ rnomb•r of ACC4 whlth is one of th• lilted bodi•s. I have cornpleted my examination. I confinn that no mattets hawe come to my Jttention in connectim with the •xamin•tion giving me ¢ause tc beli£we Iljat in Jny rnarerlal iespe iccounting r•cO% were not kept in fespe¢t ol rh• charity •5 fequired by Jeaion 386 ¢1 the 2006 Art, gr the fin•nci•l sta¢ern¢nts do not 4c¢prd with th9$ rKord* or the fn•nci•l statements do n¢t compty with the accountin9 requlfem8nts of section 396 of the 2006 Art other than any requlremenl that the accounts giva a true and Pdlr vl•w which is not a matter con5idefed as part ol •n Independeni ex•mlnatioTh or
MOVING ON MUSIC LIMITED INDEPENDENT EXAMINER'S REPORT (CONTINUED) TO THE TRusfEES OF MOVING ON MUSIC LIMITED the financial statem•nts not been preparqd In ¥ttOfdance with the ffl•thods and principles ol the Slatsfftent of Recommended Prnfllce for accouniing and reporting by charitie5 applicable to charities prtparin9 theii accounts in a£cordarKe with th• Fin3n¢ial Reporting Standard •pplicable In the UK and Ripubl¢c of Irqland (FRS 102). I have no cvncern5 and have come across no other martws in connectlon with the examinaiion to wknich attention should bp drawn in thi5 report in oidei to enable • woper undef5tanding of the financial stsiements to be reached. lawry Grnnl FCCA FPM A¢<ounlants Limlted Chartered A<countsnts St•ry Audltors 1 - 3 Arthur Street Belfast Co. Antvirn Bri 4GA Narthem I1 Dafyd.. 21U.i.o.1&3
MOVING ON MUSIC LIMITED STATEMENT OF FINANCIAL AcnvmES INCLUDING INCOME ANO EXPENDMIRE ACCOUNT FQR THE YEAR ENDED 31 MARCH 2023 Vwestrfrted fteStrkt Toul UNestricted Rellrfcted fvfids fvfids lunds r¥ls 2023 2023 2022 Total 2023 2022 Notes Incarno fr•ftK' Chafitable Jrtivlties In¥•siments 122,276 1,035 13&247 25a523 1,035 101206 432 134,909 237,175 432 Tot•1 kn¢om• IZ3,311 136,247 2S9,558 101638 134.969 ZJ7.607 •ndi¢ufe on: Chlritible actP4ities 124.460 13&551 261.011 8&736 135,573 222.309 N•t {•xp•ndlwi•)nncom• lor thè y•afl N•1 mov¢merrt In fvnas 11.149) (3041 11.4531 (6041 15298 FurKI balances Ot I April 2022 120,227 304 120.S3J 104,32S 105.233 Fund bql4nc•14131 atth 2023 119.078 119.07a 120.227 304 120,S31 stst•ment of ffn01 adiviiies indud•s •119•ib KI10sse3 rwnisod in th• year. Al income and expendrrure derive Irom contiwiry INItieS. The sratem9nt ol ffin•ncwl •ctlvilies also ¢ompfies with th• fèquirnff*nts lo¢ an incoftx WKI •ypendltur• x<¢unt undpr the Cornp•ni•s Art 2006.
MOVING ON MUSIC LIMITED BALANCE SHEET ASAf31 AIARCH2023 ¥J23 2022 T•rvJlble •ss•ts 323 1.410 Debtors C4sh at bank ar#1 In haThJ 19,237 135.346 1&3C 141096 154,583 1S9,402 Crnfrtor& •mguMs falllng du• wlthln 135,828) (4LI.281) 11&755 119,121 Totsl •tsets losj wre•nt Ilablllues 119,078 120,531 Inc•m• fvndi Restslcw fvnds UnCed lunds 12 304 120,227 119.07S 119m 120,531
MOVING ON MUSIC LIMITED
BALANCE SHEET (CONTINUED)
ASAf31 MARCH2023
Th cornpary is entitled to the txemption from the audit requiremeni contained In section 477 of th¢
Companies Act 2W6. fry the year nded 31 Mar¢h 2023.
The directors acknovAed9fr ih•f responsiblities lor ensur¥ that the charity keeps accountirty records which
Comply with sedion 386 of th Act and for Pfeparing finarKial staiements which give a true •¥J faif view of
the stste ol affai of COMP as at the end ol the financlal year and of its fficoming resource5 and
4pplication of resotsrce& irKluding its income and expendifuf4 for the fln¥Ki41 year in accordance ¥¢iih the
roquir•ments of settions 394 and 395 and which oiherwlse comply ¥lth the iqutrements of the Comynles
Aa 2006 relallng to financial stst•rnent% so lar as applicable ta th• compary.
mèmbers have required the cornp•ny l+> obtsin afi audil of its fwrKiiI slaltrnents Iw the ar In
qUQSiton in accordance Tth section 476.
These financial rtjtements have begn prep)rnd in a¢
MOVING ON MUSIC LIMITED
NOTES TO THE FINANCIAL STATEMENTS
R)R fH£ YEAR ENDED 31 MARCH 2Q23
Ac¢(wntin9 polic
ChJrity inforfflation
Movin9 on Music limited is a piSvate company lirnit•d by guafantee incgrporated in Northern lielarKI.
The iegistered offiu is The frAAQ 10 Lxthan9t Sireet We5L 51 Annes Squaie. 6ollasl Co. Antdm, 8T1 2NJ.
Northem Ir¥and.
1.1 Attotsnting
MOVING ON MUSIC LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAK ENDED 31 MARCH 2023 A¢¢ounting policies (C4ntlnued) Legacies afe recognised on receipt or otheTh¥ise if the tharity has bÈen lfIed of In IMpering distribution, thE am¢)VDI 15 knUW and ¥e(Elpt is expected. Il the amount is Tr)t known. Ihe legaL7 6 treèted Os a conlin9ent asset. 1.5 Expertdlwr• Expenditure is iecDgnised ance there 15 a le9al or constNctive obligaliun lo make a payment to a third paty. it Is probable that Settlement will be required and the arnount of the obligation ran be measured reliably. l.l Tan9ibl• Ilxed 0$tI Tan9ible fixed assets are initi&ly measured at Cost and 5ubsequentty rneasud at CO or valuation. net of d•prec?ation and any impairment losses. Oepreciation Is rncognised so is to write off the cost Dr v&lu3tion of assets less th•ir reSId v•lu•s over rhelr uiefvl Ilvos on the lollowing bosek Frxtures and fittings Equiprnent Motaf v•hides 33% Straight line 33% straight lin• 33% stralght line The gain or Ioss 8ri5in9 on the di5P05al of an asSEt is detemined as the dilterence betseen the sale proceeds •nd the carying r4lue of the a5seL and is rncognised in net incornellexpenditurol lor ihe y&ar. 1.7 Imp•lrnwit of flx•d •u•is At each reporting ènd date, the charity reviews the uryin9 aUnts of its tsn9ible 4ssets to detefmrne whether thÉre is any indiuiion Ihat those assets have suftefed an impairment 1055. If any such indtcation existy the recoverable amount of the asset is e5rimaled in order to deterrnsne the extent ol the irnp•im•nt loss {il •nyl. 1A Cash ènd <ash equlvalents Cash and cash equlvalents include cash in hind deposils held •t all wifh bank& other shcrt-t•rn liquid investments with oriqin•l mav4rifies ol (hr•• months or l•$& Ind b•nk overdrnfts. 8ank overdrafts • shown within borrowin9s in cucrent halI1+e$, l.? Finan<i•l inslrumeftts The charity has eleaed to apply the provisions of Serrion l 1 '&45ic Financial Insrruments, •nd S•alon 12 'Othei Financial Insiruments Issue5. of FRS 102 10 all of its financial instrumenis. Financial instnjments are 09nSed in ihe tharity's ballnce sheet wh¢n the charity becomes party to the ontraiwal prnvisions of the instNmenl Financial assets and liabilitiès arè oftsei with ihe nèt amounts presqnted tn the financial statLYnents, when there is 8 legally enloiceable right io set ott the recognised amounts and theie is an intention ro settl on a nei basi5 or to rEJli5e the asset and settle the liability 5imultaneou51y. 12-
MOVING ON MUSIC LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accountln9 polities IC•ntinued) Basic financial I15, which Ilude debiors and cash •nO trk b8l•nce% are Inttialty MSured èt transaction price inchjding Ifan5artion costs and are subsequently cJrried •t 4ffl0rtised cost using the effective intefest method unless iht 4riangement constitutes a fining IransJclion, where the transacLton is measurèd at the present value of lh• htturn receipts discounted at a matet fote of literest, Finanoal èssets dassifi•d as fe¢eNable witlin one ar afe tiot •rntytised. B4sSc finantièl liabiliries inclyduvj crtdilDry •nd bank loans are initially fecogrmsed •1 Ii)nsacion prkce unless the attangemeni Cansritvtes i financing iransaaiorn where ihe debt instrnfflent is measured •1 th• pr•s•nt value of the fure payments discounted at a fate ol inieresL Finandal liabilitie3 classified 4$ payable within one y¢ar •r• not amortised. Oebi Insments lie subsequenfty urri¢d al 8rn0rtised cos( usln9 the •ffeai¥e i¢1¢5t rate method. Trade creditorn •re obligatlons to pay lof gaods or r4i¢es (hat hawe beefi qred In the ordirnry coutse of oprrnilon5 Iroffl Jupptiers. Amounts payabl• •v• dasslfied as cuTr•nt liabilities if ptyment is dsJe witNn on• year or lejs. If not ihry •fe Presented as Tl¢VIrtt liabilitiK 7rnd Cfeditots art recowised initialty at trIartian pvlce •TrJ subsequently rneaSVfed at amortised cort using the eHectFve Into m•thod. FlnJThct•l liibilitla •re derecognis•d wh•n the ¢hariVs contr4ctuJf obllgaiity •xpire cv •1• dlsch•rged èr uncèlled. fld¢•l •C¢cnI19 ertlmates and d9¢nn In the •pplKatiot) of the charity's accountin9 polics. th• tw$t$ are fequired to make jud9ernont4 •Slim•tes Ind assumpvons abtyjt the ¢arTrin9 amunt ot MS•ts ond lilbiliti•s that ère not r•adity apparent from other sourcek Th• e511m•t•s •nd •5S0Cilted 455umptiorN •r• $#d on historical •xpwienee and othw f•rt¢ys th•t •rn cofisid•r•d w b• relnL Artu•l r•sulti m•y dilf•r Irom th•s• estimat•s. The ellirnates and undeilying assumpt¢oAs are reviwed on an ongoing basls. RslOn$ to acc4)unting estimates ar* re¢ognised in the period in which the esrimate is revised tAthere the revision affects Only thar perio¢. or In the pefiod of the rwision and fvture periods wheie th• ¥1510 amerts both cumt and future periods. 13-
MOVING ON MUSIC LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENOED 31 MARCH 2023 203) 2012 1023 2012 Oox office, Tourfn9 omt& IAiKe114neou% PorformJnce lad 61.154 63,154 3QO27 59.122 136,247 195.369 64,179 134,969 199.148 121276 136.247 258.523 101206 134,969 237.17S Antyis by fijnd Unrestricred luNIs 121276 121276 13&247 101206 102206 134.969 136247 134,969 121276 136,247 2S8.523 101206 134.969 237.175 ACNI Car• & Pn)9r•rnm• Esm• F•irbahT* Fatknn 8elfast Ciry Council Multi Annual Fundin9 8elfan City Couwl JPN Conference PRSF New mUC 8wiial 2022 (WJ - Handmade Musi¢ Pffji•rt PRSF Talent Oevelopnent Partn•rship Programme ACNI Cornmisslonlng Fund Othtr 131969 132,969 111969 132,969 19A41 19,441 2&136 2&136 29,760 29.760 14.522 14,522 1,978 1.978 ?iooo 13,L 3.278 13.000 (13,OCI)) 12.000) 3.278 59,122 136.247 195.369 64.179 134.%9 159.148 14-
MOVING ON MUSIC LIMITED NOTES TO THE FINANCIAL sfATEMEMtS (CONTINUED) fOR THE YEAR ENDED 31 MARCH 2023 Unrnsljictsd Unr*strirted lunds fvnds 2J 2Q22 Int•rert r•ceiv4bl• 1,035 432
MOVING ON MUSIC LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Ch•thabl• ththitses UnMStrirt•d Restyid•d Toi•lVnrnrtdd•d Restrictsd 2023 Toi•l 2022 2023 2023 1012 2022 Musioan Fee& Publlcity & Mathing Freelanco Sal•rres Travd Acfvmrnodition and Subsislence Produrtit>n and Eqvipmtht asts Trnining fducalioD •nd Cknn7ach Commissio emerging Artists Trnnspothilw Costs Oevelopm•nt Nv4¥ Music Oiennial Proiert 38,560 1.316 6,406 l&aS6 45,157 1777 83,717 4,093 3.914 1.030 41.879 1777 45.793 3,807 65,ClYJ 83,856 19.016 65,OCKI 84.016 17.17S 7.062 24.237 131S 1&315 17.64S 712 3A78 11,188 24833 712 3I78 11.416 19 4,784 11,188 21604 19 4.784 2.000 1773 1773 IS,199 72S 15,199 725 1,039 1.039 107J21 131.184 Z3as05 6&Y3 129.844 19fi387 Shore ol support ¢¢sts 15•e note 6) Shaiq of 9owrnarK• costs Is•0 not• 61 9,902 5.367 IS349 11.95S 5,729 17.684 7.157 7,157 1238 8238 124.460 134551 261,011 8&736 135.573 221309 Aftatysls by Unrestrirted fvrs Restrided hJnds 124.460 124.460 13&551 86,736 135,573 136,551 135,573 124.4&J 136,551 267,011 8&736 13S,$73 222.309 16-
MOVING ON MUSIC LIMITED NOTES TO TME FINANCIAL STATEMENTS (CONTINUED) FOR TIIE YEAR ENDED 31 MARCH 2023 Svpp•rt cos¢$ Suppart Go¥ornafie• sts osts 2025 gJpport Govem•nCt (asts 2022 R•n¢ In5urnncè Mot(Y expenses TelephM¢ OffKe and Si•iipn•ry M4nienonce and IT Oank chjrges General exp•ns Deprttiation Subsciiption 156 1,522 156 1.522 4,717 1167 4,717 2.167 1.498 1.498 1.433 67 1.647 1.$85 l.S12 I,YO 1,727 1.433 67 1,647 1.585 1.512 1.940 ,727 346 1640 1,133 1,088 522 346 1640 1.133 1,08B S22 Audit feos kk•epln9 1,872 &366 1,872 &366 5.653 5,653 15,349 7,157 22.$06 17,684 38 2S,922 AlYd botrwo•n 15.349 7,157 21506 17.684 8,238 2S.922 Gov•rnanc• cosr5 indud•5 p•yffnts tc the Indeperent uarrdn•rt ol £l,S04 12022 - £1A72) for lewnd¢nt exam10Th fe NOM ¢1 th• tnthes lor Iny p¢r%ons conn•¢ted with th•m) r•ceiv•d any r•munerniion or bfits from the chlrity during the year. Emth••s The av•rng• monihty numb•r of employe•s durin9 the ye•r was.. 2023 Nwnb•r 2022 N¥mb•f Employee5 There w•r? no •mpk)yees whose annual rernunerailon was £60.1• or more. 17.
MOVING ON MUSIC UMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Tinylble fixed assets Fithr•5 4nd t4¥lpw•NIAMor ¥eNds ift95 T•tsi Cort At l April 2022 3.373 4.797 7,3SO 1S,S20 At 31 Marth Z023 a373 7.350 15.520 Oepff•datloTh aftd Impalrnienl Ai l April 2022 DFYeciation ctwd In yew 3,052 321 7350 14.110 1,087 766 Al 31 2023 3,373 4.474 7,3Y) 15.197 Ai 31 Mah 2023 J23 323 A¢ 31 M•rth 2022 1.089 1,410 10 rJ¢btoiJ 2PZJ 202 Amourtts 14ffing duo YAihSn on• yHr. Trnde debtwJts and KcnRd Othei debtors Prepayments 17.166 15,578 2.071 727 19,237 1&306 11 Cr•d•tOT& amounts fallln9 d¥* wlthln •n¢ year 2023 2022 Not¢s Other ¢wlK4n and social strity Deferred income Tradè creditor5 Other (redit£X5 AccNals 5,767 15,274 7.800 1016 4.971 21,524 7.012 3.091 7,811 35.828 40,281
MOVING ON MUSIC LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED JI MARCH 2023 12 Restrict•d fiffldj ACNI Equipment Gnnt 304 13041 13 Anafysi5 of n•t aSS•ti b•rween funds Uftr¢thd•d R•Atrl¢ttd lncorne lunds Funds 2023 Tot1 Unr•svlcled R•strKted Income fvnds Funds 2022 Total 2023 2013 2022 2022 Fund balances at 31 March 2023 ar• repfP5ent•d by. Tan9iblp assets Cwfent )ss•ts/Oibillti•si 323 118,755 323 1117S5 1.106 119.121 304 1,410 119,078 119.078 120.227 304 120,531 19-