BELFAST SUMMER SCHOOL OF TRADITIONAL MUSIC FIINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 CHARITY REGISTRATION NUMBER NIC 104823 O'HARA SHEARER CHARTERED ACCOUNTANTS AND STATUTORY AUDITORS 547 FALLS ROAD BELFAST BTII 9AB
BELFAST SUMMER SCHOOL OF TRADITIONAL MUSIC FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 CorENTs Page Members and Professional Advisors Trustees Annual Report (including the Statement of Trustees Responsibilities in respect of financial statements) 24 Report of the Independent Examiners to the Trustees, Accounting Policies Statement of Financial Activities (incorporating the income and expenditure account) Balance Sheet 10 Notes to the Financial Statements 11-16
BELFAST SUMMER SCHOOL OF TRADITIONAL MUSIC FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST IARCH 2023 OFFICERS AND OTHER INFORMATION Trustees Ray Morgan Christine Dowling Ian Burrows Brendan Morgan Teresa Clarke (Resigned March 2023) Andy McGregor Secretary Goretti O'connor (Appointed April 2022) Charity Commissioll Northern Ireland NIC104823 Principal address 173 University Street Belfast Co Antrim BT7 IHR Independent Examiners O'Hara Shearer Chartered Accountants and Statutory Auditors 547 Falls Road Belfast, BTI 19AB Bankers Bank of Ireland 202 Andersonstown Road Belfast Co Antrim BTI19EB Page I
TRI.'STEES FOR THE Tr'E.4R ENDED 31ST.11.-IRC.H ?112J Trnstets, .4thnuzl Reprt Tlie Iriistees preseni iheirTru51e¢s' Anniial R¢w>rt prepard in aLxordarKt iiihCharities SORP_7Oli IFRSIO -}aTyJ the unaudited rinclncial stafLmtt)Is tor the period ended 31 March ?d73. )150 prepjttd In xcoidance ilith I1 aloreinLmtiotJed Stat¢menT of RecommeNied Pr2rlice and FRS 10? Trustees Th¢ Inislee5 ivho served during the wiod are as follows.. Rav Moroan Christine Dowling lan BUrr0%S Brendan lOan Teresa Clarke Andv McGregor Goretti O-connor One tiv Irusity. Go¢¢1 O'cortnor Joined the Board in April_v? arml Teresa Clarke bMittl herresiwtiffi In Match_W23. Strurtur¢ Gfyvernirynce & iTrlanagemeAt The orgL?nisation is an unincorrM)rated charity. aNI was tESi5t¢T¢d wrth the Chaiiw Commi55ion of Northern Iaj on 19 April ?016 Th¢ Ctmrity number is NICIIH813. The cliarity is govemed by its LDnMituti*)n aNI Is rnanagd h. Ktv 15 from the main organiwios delivering irnditional U5ic education in Beltasr_ 1h in Irish al in Ulster Scots The thariti. plans arKi ddiveT5 an annual festival each Jul!,. Beifasi TradFest and Beifasi TradF¢si Swntn¢r Sch(K)l. and a Winiei Weekend tcsiival over 3 days tsch Felw based in Beltast ciTh' ccntre. with acriviiies in various ¥enues aLross titv. The Lharity's wincipal add55 i%.. 173 University St1 Beltasi CoAiiiriJn BT7 IHR Objectives .4ctii'itie5 To deliver an annual iradiiional mtssic le1¥11 aNI $UTlltrw 5cIKKbl and a winleT iyeekend fesiival and music school wthin Bdfa5t To 017er Iniernaiionall} t¢wis¢d PTofe55ional musiciar lor to for FrfomwtK¢5 (OT allence To supwrt and 5h(kw¢a5e local aE¥J erncrging tr1110[ M51ClanS and artists To provide Opwfluniiies for meaningful iTht¢raction ithv¢en culiural tr&lition5. Tv enhance and develop Iheskills. talents and Crlive ability of pani¢iiwits In the ttJJitional arts. through provision of otjr programine of aLiJviiies To pmvide a¢¢¢55 tOT engag¢Tn¢lll in traditional music ivithin Bdf&%t where sh o[WrtliieS are latking ajyj in a that Ivill increase aceibility 10 the so¢iall)' di&idvaDtJged. Achieved through tYJT5ary srx>nsor5hLr& edu&ition programmes and free/ea5ilv accessible progrILThing. To contribute ioivards the developttrnt and proTtIon ol-lwadrtional arts xtiviiie5 wjthin Belf&%r land Nl In To encoura¥e and build tolerance, rtspeci and uTrJet5thndingamong JI culturnl. tsadiitonaj. dhnic and di5abltsJ To aitract participants and audiences from outsmle Nl ivith a Programme, which highligh15 the many slrdThJ5 of iraditional music he. our rich ¢onntXlions ivith resi of Iteland and Sc(xlaThJ, and the renowned uniquerw of tsaditional tllU5ic in th¢ ¢Aciiing culDJrnI destination rhat is Beltast. Page 2
TRUSTEES ANf4uAL FOR THE YEAR ENDED 31" MARCH 2023 Trustees, Annual Repy)rt Achievements .qnd Performance Fully eTner(red from the challenues faced by the oroanislion during the COVID-19 restrictions on festival and events. In July 201? the organisation was able to delivery it's fIt flagship July festival since 2019. The 4, edition of the festival in July 20?? was our mosl successful lo date. We had 3?6 Summer School participants reoister for our weekloniy Music Masterclasses with fxntastic feedback from all who took part. Included in those fiTrures are approyimalely 50 young aspiring traditional musicians {aoed 5-12yo) who took part in a range of cla5se5 includinu our Whistle and Sin(F programme. The University also hosted daily slow sessions, exhibitions, CD launches, facilitated music stalls where local artists/iiistrument makers were able to display their wares. There were a lolal of ?45 event5 in July ?0?? whi¢h took place durino the week including 9 Sold Out Concerts. There were 250 musicians employed: many of whom were local emerging local thlent. We held 47 tt'aditional music sessions in 13 venues. We continue to develop the Set Dancing and Sean Nos dancing programming with an increase in dance workshops and Ceili's in tlie programmes. The profile of Dance and the numbers taking part in the classes and Ceili's is an area that we see continuing to grow in the coming years. As the participant numbers attending the Summer School h&8 incre&sed, so too has festival attendance al events with a tolal audience of over 12,000 over the 7 days at TrddFest ?0?? We are very proud of our Bursary scheme, wherein we provide access for engagement in tradilional music tlirou¢yhout the Nortli of Irelaiid but particularly in the greater Belfast area to young musicians who would not othenvise have the opportunity to take part in Belfast TrddFest world-class programmes. We were able lo over young musicians with Bursaries to attend the Suininer School with fantastic feedback from awardees. The Bursaries were provided by local businesses, Trdditional Music providers and individual members of ihe comrnunity and we are very grateful to them for their contribution. This financial year saw the organisation. for the first time. delivery annual festivals. We held our second Belfast TrddFest Winter Week-end: l 8lh_?O' February 2022, with a successfitl weekend of Traditional Musie Workshops, Concerts, Céili's and Sessions Ihroughoui BelfasL Feedback on the event from artists, participants and audiences was extremely positive and all the 5 concerts were sold out. The success of the weekend will mean thal we will continue to grow and develop the Winter Weekend a5 part of our yearly progrJmmin¢F This financial year also saw the organisation progrnmme, promote and delivery two high quality tourism products in partnerhsip with Belfast City Council and Tourism Nl. Ceili at Ihe Castle and Traditional Music Walking Tours. Ray Morgan Chairperson Belfast TradFest Financial Review The Charity achieved a net incom¢ surplus of £2?,603 from a total income of £284.504. (For 20?2: Nel income surplus was £6,934 for a tolal income of £65,259 thi5 surplus was added to carried forward funds of £8941. The principal funding sources were grants from the ACNI. and BCC along with self-generated income fi'om Box 01¢¢. Page 3
BELFAST SllITrI1ER SCHOOL OF TRADITIONI AL lUS[c 1.4L FOR THE YEAR ENDED 31%'1" MI ARCH 2023 Tru5tees' AnnuAI Report Trustees, Responsibilities Stlltement The trustees are responsible for preparing the Trustee's Annual Report and the financial siatements in accordance with applicable law and United Kinodom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) The law applicable to charities in Northern Ireland requires the trustees lo prepare financial statenienls for each financial year which Dive a true and fair view of the state of affairs of the charity and of tlie incoming resoiirces and applicaiion of resources of the charity for thai period. In preparing these financial staiements: the trustees are reqiiired to- select suitable accountino polices and Ihen apply them consistently- observe the methods and principles in the Charities SORP ?015 (FRS I O?)- make jliduements and estimates that are renable and prudent. state whether applicable accounting slandards have been followed. subjecl to any material departures disclosed and explained in the financial statements. prepare the financial statements on the going concern basis unless it is inappKJpriate to presume that the chariry will continue in operation. The trustees are responsible for keepin(F
proper accouniing records that disclose wilh reasonable accuracy at any tinie the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act (Northern Ireland) 2008. the Charities (Accounts and Reports) Regyulalions (Northern Ireland) ?015. and the provisions of ihe trus1 deed. They are also responsible for safeguardiiig the a55els of the charity and hence for taking reasonable steps for ihe prevention and detection of fraud and otl)er irregiularilies. y Order of the Board Brendan fvlorgan Trustee Date: 4th October 2023 Page 4
BELFAST SUMMER SCHOOL OF TRADITIONAL MUSIC FIIYANCIAL STATEI¥IENTS FOR THE YEAR ENDED 31ST i¥IARCH 2023 Independent Examiner's Report tD the Trustees of Belfisi Summer School of Traditional Music I report the trustees on my examination of the finan¢ial Statements of Belf&st Summer School of Traditional Music for the year ended 31 st March 2023. Responsibilities and basis of report As the Iruslees of the charity {and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the reqU1ments of the Companies Act 2006. Having satisfied myself that the financial slatements of the charity are not required to be aUdId under Part 16 of the Companies A¢t 2006 and are eligible for independenl examination. It is my resFM)nsibility to= examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008; follow the procedure5 laid down in the general Directions given by the Charity Commission for Northern Ireland under section 6i{9)(b) of the Charities ACL and Sta whether particular matters have come to my attention. Basis of independent examiner's report I have examined your charity accounts as required under section 6) of the Charities Act and my examination wa5 carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities ACL The examination included a review of the accounting records kept by the charity and a comparison ol the accounts presenled with those records. It also includes consideration of any unusual items or disclosures in the accounts. and seeking explanations from you as ¢harity trustee5 concerning any such tnatters. I have completed my examina¢ion. I confirni that no matters have come to my attention in wnneclion with the examination giving me cause to believe that in any materia] respe¢t= l. That accounting records were not kept in accordance with section 386 of the Companies Act 2006 - or 2. That the financial statements do not accord with those auntIng records . or 3. That the financial statements do nol comply with the accounting tequireTnents of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view which is not a matter considered as part of an independent examination: or 4. the financial stalements hav¢ not been prepared in accordance with the methods and principles of the Siatement of Recotntnended Practice for accounling and rew)rting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) Independent examiner's statement I have Completed my examination and have no concerns in respect of the mattet3 (1) to (4) listed aknve and, in connection with following the Directions of the Charity Commission for Northern Irelan4 I have found no ma rs that require awing lo your attention. LAWRENCE SHEARER F.C.A., Senior St#tutory Audvtor FOR AND ON BEHALF OF O'HARA SHEAREtL Statutory Auditor O'HARA SHEARER CHARTERED ACCOUNTANTS AND STATUTORY AUDITORS 547 Falls Road Belfas¢ BTI 19AB Dated: 4th October 2023 Page 5
BELFAST SUMMER SCHOOL OF TRADITIONAL MUSIC FINANCIAL STATEMENtS FOR THE YEAR ENDED 31ST frfARCH 2023 STATEMENT OF ACCOUNTING POLICIES Accounting Convention and Basis of Accounting The financial statements have been prepared under the historical cost convention. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard which applies in the UK and Republic of Ireland (FRS 102) (effective l January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Going Concern At the time of approving the financial statements, the trustees, have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees, continue to adopt the going concern basis of accounting in preparing the financial statements. Income Recognition Income is recognised when the Charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been meL it is probable that the income will be received and the amount can be measured reliably. Interest Receivable Interest on funds held is included when receivable and the amount can be measured reliably; this is normally upon notification of the interest paid or payable by the Bank. Resources Expended All expenditure is accounted for on an accruals basis and is classified under headings that aggregate all costs related to the category. Fundraising costs include the costs of advertising, producing publications, printing and mailing fundraising material, and staff costs in these areas. Costs of charitable activities include direct expenditure incurred through operational activities. Governance costs represent the costs associated with the governance arrangements of the charity which relate to the general running of the charity as opposed to those costs associated with fundraising or charitable activity. Fixed Assets All tangible fixed assets are recorded at cost. Page 6
BELFAST SUMMER SCHOOL OF TRADITIONAL MUSIC FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 STATEMENT OF AccouNfiNG POLICIES Continued Depreciation Depreciation is calculated to write off the cost of fixed assets over their estimated useful lives at the following rates: Computer Equipment 20 % residual value Repairs and Renewals All repairs and renewals are written off as incurred Pension Costs The charity does not currently operate a pension scheme. Debtors and Prepayments Trade debtors and other debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Creditors and Provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Financial Instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. Foreign Currencies Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the net movement in funds. Page 7
BELFAST SUMMER SCHOOL OF TRADITIONAL MUSIC FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 STATEMENT OF AccouiYfiNG POLICIES Continued Fund Aeeounting Unrestricted funds are general funds that ar¢ available for use at the Trustees, discretion in furtherance of the objectives of th¢ charity. Designated funds are unrestricted funds set aside by the trustees out of unrestricted funds for specific future puoseS. Restricted funds are those given for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. The income received from funders depends on the charity meeting detailed criteria on expenses plans. Grants given under such conditions are also given subject to them being obtsined for in connection with the furtherance of the charity's aims and objectives. Such income can be repayable to the funder if such expenses plans and ctiteria are not met. Such income is only deferred when the donor specifies that the grantldonation must only be used in future accounting periods. or the donor has imposed conditions which must be met before the charity has unconditional entitlement. Income from charitable activities includes income received under contract or where entitlement to grant funding is subject to specific perfomance conditions is recognised as eamed as the related goodslservices are provided. Grant income included in this category provides funding to support perfonnance activities and is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Income is deferred when: fees/perforniance related grants are received in advance of the perforniancelevent to which they relate. Reserves Policy Unrestricted funds are needed to provide funds which can be applied to specific projects to enable these projects to be undertaken at short notice and to cover the running costs of the Charity for a limited period, should there be a significant shortfall in projected income. Page 8
BELF.IST SIINlhlER SCHOOL OF TR4DITIOIN.4L NIIISIC STATENIENT OF FIN4ANCI.4L.4CTII'ITIF.S FOR THE I"EAR ENDED 31ST 11.4RCH 2023 incor ratin the income Ènd ex ¢nditsre atcollnt [IrestriCted Restrieted Endownmtnt TOTAL Funds Funds FuThds 2023 TOTAL 2022 NOTES INCOlE AND ENDo1vf4lilENTs FROfvI: Donat50ns and legaci¢s Income from investments Incomc from charitable activities Income from other trading activtties 54.080 151.747 78,677 132,757 151,747 46.170 19.089 TOTAL INCOME AND ENDowN1ELVTs 2115,827 78,677 284,504 65,259 EXPENDITURE OLY: Expenditure on raising funds Expenditure on charitable activities Other cxp¢nditur¢ Net gains/(lossesl on investments 183224 78,677 261,901 58,325 TOTAL RESOURCES EXPEINDED 183224 78,677 261.901 58,325 NET INI COfvIE/IE.XPENDITIIRE} 22,6113 22,603 6,934 Transfers between fijnds NET MOVEI¥IENT IN FUNDS 22,603 22.603 6.934 RECONCILIATION OF FUNDS TOTAL FUNDS BROIIGHT FORWARD 7,828 7,828 894 TOTAL FUNDS CARRIED FORWARD 311,431 311,431 7,828 The Statement of Finan¢iAI Activitie5 inCldeS all gain5 and losse5 111 the year #nd therefore x Statement •fTotal Recognistd Gains and Losses has not been prepared All ofthe above relate to continuing 4ctivities Tre xtcompthylng i¢co•ntitsg tx)Ilcies iAd the iotes forfjE pan oftbe5e fiDaDci•l st•temtots Page 9
BELFAST SUMMER SCHOOL OF TRADITIONAL MUSIC BALANCE SHEET AS AT 31ST MARCH 2023 2023 2022 NOTES FIXED ASSETS Tangible assets CURRENT ASSETS Debtors and prepayments Cash at bank Cash on deposit Cash in hand 10 31,003 8,350 64 114 31,067 8,464 Creditors: amounts falling due within one year (636) (636) NET CURRENT ASSETS/(LIABILITIES) 30,431 7,828 TOTAL ASSETS LESS CURRENT ASSETS/( LIABILITIES ) 30,431 7,828 Creditors: amounts falling due after more than one year 12 NET ASSETS/(LIABILITIES) 30,431 7,828 FUNDS: ENDOWNMENT FUNDS UNRESTRICTED INCOME FUNDS 13114 30,431 7,828 RESTIUCTED INCOME FUNDS 13115 30,431 7,828 These financial statements were approved by the Trustees on 4th October 2023 and are signed on their behalf by: BRENDAN MORG TRUSTEE DATE 4th October 2023 The accompanying accounting polieies and notes forni part ofthese fillanei*l ststements Page 10
BELFAST SIIIINIER SCHOOL OF TRADITIONI AL l¥liiSIC NOTES TO THE FIN.4NCI.4L ST.4TEIIENTS FOR TIIE I'E.4R ENDED 31ST 11.4RCH 2023 I. DONATIONI S AND LECACIES Unrestricted Restricted Fund5 LDrestricted Restricted Fund$ Funds 2023 2022 Donations Legacies 2. INCOME FROIWI INVESTfvIEINTS Illlrestricted Re5tri¢ted Funds FndS Unrestricted Restrieted Funds Funds 2023 2022 Income Irom UK listed investments IncotR¢ frotn Cash 3. INCOME FRO1 CHARITABLE ACTIVITIES L,nreStritt Restricted Funds Fund5 Unrestrieted Restricted Funds Funds 2023 2022 Arts Council of Northem Ireland- National Lottery Fund Belfast City Council- CMAG Bellast City Council- Arts & Herilage Fund Belfast City Council- Ti(ani¢ Ceili Tourism Northem Ireland Bellast City Council & Tourism Nl Pr(MJuct Development Destination CQ Bid Noah Donohue Foundation 50.(MM) 20,000 8.677 50,000 20,IM)O 8,677 2,980 9.000 3i,600 7,500 1,000 20,000 8,170 20,000 8,170 2,980 18,000 18,000 33,600 7.500 1,000 54.080 78.677 132.757 18,000 28.170 46.170 4. INCOIWIE FROM OTHER TIL4DING AcfIvITIES Unre5trieted Restricted Funds Funds UDrestricted Re5tri£ted Funds Fund5 2023 2022 Concert & Box Offjee Tickets Event Tickets Stx)nsorship, Advertising and Fundraising 115.108 115,108 12.004 7.085 12,004 7.085 36.639 151.747 lil,747 19,089 19.089 Page 11
BELFAST SUMMER SCHOOL OF TIL4DITIONAL MUSIC NOTES TO THE FINANCIAL STATEMENTS FOR THE I'EAR ENDED 31ST MARCH 2023 5. EXPENDITURE ON RAISING FUNDS Unrvstricted Restricted Funds Funds Unrestricted Restricted Fllnds Fund$ 2023 2022 Promotional and fundraising cosls 6. EXPENDITURE ON CHARITABLE ACTIVITIES Unrestricted Restricted Fllnds Funds Unrestricted Restricted Funds Funds 2023 2022 Wages and salaries (Sce Note 8) Social security costs (See Note 81 Repair5 and office maintenance Artist F¢es Managetnent Fees Production and Tcchical Costs IT and production equipment Artist costs Volunteer cosis Marketing and Promotional Costs Fundraising Costs Box Office Costs Printing, p)stage and slationery Sundry expcnscs 580 11,904 12,484 41.977 41,475 25,124 7.722 16,168 42,433 8,636 2.420 84.410 50,111 27.544 7,722 21,631 2.900 30.903 1,486 14.675 2,413 8,261 5,000 3.270 8,170 20.000 16,431 25,000 3,270 5,463 3,363 3,363 23,082 ,486 14,675 2.413 7,821 8,585 8,585 200 200 177,602 78.677 256.279 28,679 28,170 56.849 Support Costs 2nd Governance costs Light and heal Tclephonc and inlernet Office rent payable Insurancc Account2ncy fees Subscriptions and licences Loan interest Bank interc5t and charges 1,680 2.537 636 420 2.537 636 420 672 636 672 636 349 349 168 168 5,622 5.622 1,476 1,476 TOTAL EXPENDITURE ON CHARITABLE ACTIVITIES 183.224 78.677 261,901 30.155 28,170 58,325 Page 12
BELFAST SUMMER SCHOOL OF TRADITIONAL MUSIC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 7. NET (OUTGOING)/ INCOMING RESOURCES FOR THE YEAR This is stated after chargingl(crediting) 2023 2022 Independent examiners remuneration Depreciation 636 636 8. SALARY COSTS AND EMOLUMENTS 2023 2022 Total staff costs were as follows: Wages and salaries - key management personnel Wages and salaries - other staff Staff pension costs Employer social security Costs - key management personnel Employer social security costs - other staff Employer social security costs - Employment Allowance 11,788 68 628 12,484 The average monthly number of employees during the year was as follows: 2023 Number 2022 Number No employees had emoluments in excess of £60,000 (2022: £Nil) Trustees, remuneration and benefits There was no trustees, remuneration or other benefits for the yvar ended 31 st March 2023. (2022: £Nil) Trustees, Expenses There were no trustees, expenses paid for the year ended 31 st March 2023. (2022.. £Nil) Page 13
BELFAST SUMMER SCHOOL OF TRADITIONAL MUSIC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 9. TANGIBLE FIXED ASSETS Computer Equipment Total COST As at 1st April 2022 Additions Disposals As at 3 1st March 2023 DEPRECIATION As at 1st April 2022 Charge for year Eliminated on disposal As at 3 1st March 2023 Net book value 2023 Net book value 2022 Page 14
BELFAST SUMMER SCHOOL OF TRADITIONAL MUSIC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Debtors Prepayments 11. CREDITORS: AMOUNTS FALLING DUE WITFllN ONE YEAR 2023 2022 Social security costs and other taxes Accrued expenses 636 636 636 636 12. CREDITORS: AMOUNTS FALLING DUE AER ONE YEAR 2023 2022 Other creditors 13. MOVEMENT IN FUNDS Opening Net Movement Balance in Funds 2023 2022 Unrestricted Income Funds General fund 7,828 22,603 30,431 7,828 7,828 22,603 30,431 7,828 Opening Net Movement Balance in Funds 2023 2022 Restricted Income Funds Grants received
BELFAST SUMMER SCHOOL OF TRADITIONAL TrtusIc NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 14. UNRESTRICTED INCOME FUNDS 2023 2022 Balance at I st April 2022 7,828 894 Incoming resources for the year Resources expended for the year Transfers between funds 205,827 37,089 (183,224) (30,155) Balance at 31 st March 2023 30,431 7,828 IS. RESTIUCTED INCOME FUNDS 2023 2022 Balance at 1st April 2022 Incoming resources for the year Resources expended for the year Transfers between funds 78,677 28,170 (78,677) (28,170) Balance at 31 st March 2023 16. LEGAL STATUS Belfast Summer School of Traditional Music is a Charity registered with The Charity Commission for Northem Ireland Charity Number 104823. Date of Registration 19th April 2016. Page 16