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
Cor￿ENTs
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 I￿ARCH 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 i*iihCharities 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 ￿lO￿an
Teresa Clarke
Andv McGregor
Goretti O-connor
One t*iv Irusity. Go￿¢¢1 O'cortnor Joined the Board in April_v? arml Teresa Clarke ￿bMitt￿l 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 I￿a￿j on 19
April ?016 Th¢ Ctmrity number is NICIIH813.
The cliarity is govemed by its LDnMituti*)n aNI Is rnanagd h. Ktv ￿￿1￿5 from the main organiwio￿s 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 add￿55 i%..
173 University St￿1
Beltasi
CoAiiiriJn
BT7 IHR
Objectives .4ctii'itie5
To deliver an annual iradiiional mtssic le￿1¥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 a￿llence
To supwrt and 5h(kw¢a5e local aE¥J erncrging tr￿1110￿￿[ M￿51ClanS and artists
To provide Opwfluniiies for meaningful iTht¢raction ithv¢en culiural tr&lition5.
Tv enhance and develop Iheskills. talents and Cr￿live 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 s￿h o[Wrt￿liieS are latking ajyj in a that
Ivill increase ace￿ibility 10 the so¢iall)' di&idvaDtJged. Achieved through tYJT5ary srx>nsor5hLr& edu&ition programmes and
free/ea5ilv accessible progrILTh￿￿ing.
To contribute ioivards the developttrnt and proT￿tIon 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 fI￿t 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 0￿1¢¢.
Page 3

BELFAST SllITrI￿1ER 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 re￿nable 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 reqU1￿ments of the Companies Act 2006.
Having satisfied myself that the financial slatements of the charity are not required to be aUdI￿d 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 a￿untIng 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 pu￿oseS.
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
[I￿restriCted Restrieted Endownmtnt TOTAL
Funds
Funds
FuThds
2023
TOTAL
2022
NOTES
INCO￿lE AND ENDo1vf4li￿lENTs 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 ENDowN￿1ELVTs
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 inCl￿deS 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
F￿ndS
Unrestricted Restrieted
Funds
Funds
2023
2022
Income Irom UK listed investments
IncotR¢ frotn Cash
3. INCOME FRO￿1 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 A￿ER 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.
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