Charity Number 104879 Company Reglstration Number N1636938 Booml Inc Report and accounts for the year ended 31 March 2023 Booml Inc CONTEKrs Page Legal and administratlve infonnation Report of the Accountsnt ststement of financial activitles Balance sheet Notss to the accounts Booml Inc LEGAL AND ADMINISTrATIVE INFORMATION Trustses Ben Carter Davld Bunting Nancy Brown Janette Shearman Patrid< Thompson Secretary Marianne Kennerley Buslness Address 80A Main Street Bangor Co t)own BT20 SAE Accountants Gllchrist & Co CA Ltd Chartered Accountants 17 Kensington Gate Belfast BT5 6PF Bankers First Trust Bank 31-35 High Street Belfast BTI 2AL Charlty Registratlon Number 104879 Accou￿rANTs REPORT ON THE UNAUDITED ACCOUNTSTOTHE TRUSTEESIMEMBERS OF Booml Inc You have approved the accounts for the year ended 31" March 2023 which comprise the Statement of Financial Activitles. Balance Sheet and related notes. In accordance with your instruction. we have compiled these unaudited accounts from the accounting records and information and explanations supplied to us. Independent examlnerfs statement I have examined the accounts for year ended 31 March 2023. In connection wlth my examlnatlon, no matter has come to my attentlon: Which gives me reasonable cause to believe, in any material respect, that the requirement to keep proper accountin8 records in accordance with Sectlon 63 of the Charities Act (Northern Ireland) 21X)8 has not been kept. or. To whlch, In my opinlon. attentlon should be drawn in order to enable a proper understandlng of the accounts to be reached. Gllchrlst & Co CA Ltd 17 Kensln8ton Gate Belfast Co Down BT5 6PF l November 2023 Booml Inc ststement of Flnandal Artivities Year ended 31 Marth 2023 Unrestrlcted Restricted funds 2023 funds 2023 Totsl 2023 Totsl 2022 Incomln8 resources Incoming resources from Benerated funds: Rental Income Artlstic Income Other Income Other Incoming Resources 48,924 14.215 20,949 4,594 48,924 14,215 20,949 4,594 26,520 14,524 19,808 21,368 Total Incomln8 resources 88,682 88,682 82,220 Resour¢es expended Cost of generating funds: Costs of generating voluntary income 18,631 18,631 16,284 Charltable actlvltSes: Total charitable expenditure 87,332 87,332 87,332 87,332 67,752 67,752 Totsl resources expended Net out8olng resources Net movement In funds Recondllatlon of funds Fund balance at l April 2022 Fund balance at 31 Marth 2023 li 105,963 (17.281) (17.281) 105,963 (17,281) (17,281) 84,036 (1,816) (1,816) 12 12 43,617 26,336 43.617 26,336 45,433 43,617 All amounts derNe from continuing activities. All galns and losses recognised in the year are induded in the Statement of financial acbvitles. Booml Inc BALANCE SHEET AS AT 31 MARCH 2023 2023 2022 Notes Fixed assets Tangible assets 2,701 3,129 Current assets Debtors Cash at bank & in hand 10.716 34.251 44,967 11,109 49,736 60.845 Creditor5 Amounts falling due within one year (21,332) 120.357) Net current assets 23,635 40,488 Total assets less current liabllftles 26,336 43,617 Creditors Amounts falling due after more than one year Net assets 26,336 43,617 Representsd by. Total funds General fund 12 26,336 43,617 Total 26.336 43,617 The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with section 476 of the Act. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the'small companies regime. Approved by the Trustees and signed on their behalf by: Ben Carter Date: l November 2023 Company Number: N1636938 BOOMI INC Notes to the flnancial statements Year ended 31 March 2023 General Infomiatlon The company Is a private company limited by guarantee registered in the UK. The address of the reglstered office is 808 Main Street, Bangor. Co Down, BT20 5AE. Statement of Tnistges responslbllltles The rules of the Charity require the Trustees to prepare accounts for each flnanclal year whlch glve 8 true and falr vlew of the slate of affalrs of the Ch8rlty and the surplus or deflclt for that perlod. In preparlng those accounts the Twstees are requlred to: select sultable accounting policies and then apply Ihem consistently; make Judgem8nls and esllmates that are r88sonable and prudent: and prepare the accounts on the golng concern basis unless it is Inapproprlate to presume that the Charlty wlll contlnue in business The Trustees are respnslble for malnlalnlng proper accounting records under Sectlon 83 of the Charltles Act (Northern Ireland) 2008 whlch are sufficient lo show and explaSn all the Charitys transactlos., whlch are such as to dl8close wlth reasonable accuracy the financlal posltion of ihe Charfty; 8nd whlch enable the Trusiees to ensure that the accounts prepared comply with section 64(1) of the Act. They are also responslble for safeguardlng the assets of the Charlty. Includlng the malntenance of adequate procedure8 to prevent and detecl fraud and other irregularities. A¢countlng pollcle8 Golng Goncern These accounts have been prepared on the going concern basls, noiwlthstandlng the faci thal the Gompany has incurred net outgolng reources in the prlor y88r. THe trustees have consldered the future cashflow of the company and have a reasonable expectation that the company will have adequate resources to contlnue In operallonal existence for the foreseeable luture. Accordlngly the trustees consider It is appropriate that the company wlll conlinue as a going concern. Turnover All Income Is accounted for when the Ch8rity has entitlement, there is certalnty of receipt and the amount Is measurable. Depreclatlon Depre¢latlon 18 calculated so as lo wrlte off the cost or veluation of an asset, less lis resldual value. over the useful economic Ilfe of that assel as follovts: Fittlngs fixtures and equiprnent 10% straighl Ilne If there is an indication that Ihere has been a significant change in depreciation rate, useful Ilfe or residu81 value of tangible assets, the depreciation Is revised prospectively lo reflect the new estimates. Page 6 BOOMI INC Notes to Ihe financlal slatements (continued) Year ended 31 March 2023 Deflned contrfbutlon plans Contributions to defined contribution plans are recognised as an expense in the period In which the related service is provided. Prepaid contritxjtlons are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly bvithin 12 months of the end of the reporting date In which the employees render the related service. the liability Is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the perlod In which it arises. Account5ng Conventlon The accounts areprepared under the historic cost convention. They comply with the requlrements of statement of Recommended Practice 'Accounting and Reporting by Charities, (SORP) and are in accordance with applicable accounting standards. General accumulated funds General accumulated funds are unnrestricted funds avallable to the Charity for its general purposes and includes funds deslgnated by the Charity for a particular purpose. the use of such funds remains at the discretion of the Charitls trustees. Restrlced Funds Restricted funds are funds subject to restrictions imposed by the donor or by the specific terms of the appeal under which the funds are raised. The restrictions are binding upon the Company. Governance, management & admlnlstration Governance. management and administratlon expenses relate to the whole of the Charitys activities and 8 proportion of these charges are allocated to expendiiure headings on a basis that is consistent with the use of the resources. Tangible assets Fixtures, fittings and equipment Total Cost At l Aprll 2022 and 31 March 2023 Depreclatlon At 1 April 2022 Charge for the year 4.276 4,276 1,147 428 1,147 428 At 31 March 2023 1,575 1,575 Carrylng amount At 31 March 2023 2.701 2,701 At 31 March 2022 3.129 3,129 Page 7 BOOMI INC Notes to the flnancial statements (continuedl Year ended 31 March 2023 Debtors 2023 2022 Trade debtors Other debtors 10,716 6,121 4,988 10.716 11.109 Credltors: amounts falling due wlthln one year 2023 2022 Bank loans and overdrafts Trade creditors Social security and other taxes Other creditors 351 17,942 2.319 720 1,357 16.107 2.173 720 21,332 20,357 Related parly transactlons There were no related party transactions during the year. Taxatlon No tax has been provided in these accounts because the income of the charity is wlthin the exemptlon granted by Sectlons 466493 of Ihe Corporation T8xes Act 2010. Employees There was 1 employee during the year. 10. Trustees None of the trustees (or any person connectsd with them) received any remuneration during the year, and none of them were reimbursed for Iravelling expenses. Page 8 Booml Inc NOTES TO THE FINANaAL sfATEMENTS (contlnued) YEAR ENDED 31 MARCH 2023 11 Expendlture Direct Costs Staff Costs Depreciation Governance Costs Total Costs of generating voluntary Income and admlnistration 18,631 18,631 87.332 28,026 428 58,878 18,631 28,026 428 58,878 105,963 Governance costs include costs to the reporting accountant of £720 (2022 . £720) for accountsncy fees 12 Statement of Funds At 0110412022 At 3110312023 Income Expenditure Transfers General Reserves 43.617 88,682 105.963 26,336 Booml In¢ Sthedule to the Statement of Flnanclal Actlvltles Year ended 31 Marth 2023 Unrestrlrted funds 2023 Restrlrted funds 2023 Totsl 2023 Total 2022 Notes Other Incomln8 Resources Ards & North Down- Arts Government Grants 4,594 4,594 4,594 4,594 21,368 21,368 Mlscellaneous Income Rental Income Artlstlc Income Other Income 48,924 14,215 20,949 48,924 14,215 20,949 26,520 14,524 19,808 84,088 84,088 60,852 Income from operatlnB artlvltles Total IncomlnB resources 88,682 88,682 88,682 88,682 82,220 82,220 Resources expended Cost of generatlng funds: Costs of generatlng voluntary Income Dellvery costs Goods purchased 18.631 18,631 18,631 18,631 16,284 16,284 Totsl cost of 8eneratln8 funds 18,631 18,631 16,284 B¢x)ml Inc Schedule to the Statement of Financlal Actlvities For the year ended 31 March 2023 Unrestrlcted funds Restrlrted funds 2023 2023 Total 2023 Total 2022 Charltable actlvltles Overhead Costs Salaries Staff penslons Travel Repairs & malntenance Insurance Heat &118ht Rent & rates Println8 & statlonery Marketlng & Advertlsln8 Telephone and fax Charltable donatlons Cleanin8 Subscrlptlon5 Offlce Costs Admin expenses Legal and professlonal fees Accountancy fees Bank Interest and charges Bad debt write off Depreclatlon 27,000 1,026 957 594 1,707 4,350 32,334 59 4,696 1,875 27,000 1,026 957 594 1,707 4,350 32,334 59 4,696 1,875 21,341 336 595 3,156 7,552 1,112 19,720 369 2,773 1,469 423 2,579 139 4,714 720 3,731 423 2,579 139 4,714 720 3,731 349 1,164 31 4,689 720 1,948 428 428 428 Totsl charltable expendlture 87,332 87,332 67,752 Totsl resources expended 105,963 105,963 84,036