Charity Number 104879
Company Registration Number N1636938
Booml Inc
Report and accounts
for the year ended
31 March 2024

Booml Inc
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Ben Carter
Claire Dunwoody
Tim Brundle (invited to joln/ attend meetings)
Sharon Re8an
Nancy Brown
Jennifer Armstrong
Patrick Thompson
Secretary
Marianne Kennerley
Buslness Address
80A Main Street
Bangor
Co Down
BT20 SAE
countants
Gilchrist & Co CA Ltd
Chartered Accountants
17 Kensington Gate
Belfast
BT5 6PF
Bankers
First Trust Bank
31-35 High Street
Belfast
BTI 2AL

Booml Inc
CONTENTS
Page
Report of the Accountsnt
Statement of flnanclal actlvltles
Statement of Flnanclal Positlon
Notes to the accounts

Charfty Reglstratlon Number 104879
ACCOUNTAKfs REPORT ON THE UNAUDITED ACCOUNTS TO THE TRusfEES/MEMBERS OF
Booml Inc
You have approved the accounts for the year ended 31° March 2024 which comprise the Statement
of Financial Activities, Balance Sheet and related notes. In accordance with your instructlon. we have
compiled these unaudited accounts from the accounting records and infonnation and explanations
supplied to U5.
Independent examlnerfs statement
I have examlned the accounts foryear ended 31 March 2024.
In connection wlth my examination, no matter has come to my attentlon:
Whlch gives me reasonable cause to belleve, In any material ￿Spert, that the
requlrement to keep proper accountln8 records In accordance wlth Section 63 of the
Charities Act (Northem Ireland) 21J)8 has not been kept; or,
To whlch. In my oplnlon, attention should be drawn In order to enable a proper
understanding of the accounts to be reached.
Gllchrfst & Co CA Ltd
17 Kenslngton Gate
Belfast
Co Down
BTS 6PF
7 December 2024

Boom! INC
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2024
2024
Unrestricted Restricted
funds
fvnds Total funds Total funds
2023
Note
Incomlng Resources
Other incoming resources
Other trading activities
Total income
7.175
7.175
106.253
113,428
4,594
84,088
1c￿.253
106,253
7.175
88,682
Expondlture
Expenditure on raising funds:
Costs of generating voluntary
income
Expenditure on charitable activities
Total expenditure
42,881
86,761
129,642
42,881
86,761
129.642
18.631
87.332
105.963
Net expenditure and net mov•m•nt In
fvnds
(23.389)
7.175
(16.214)
(17,281)
Reconclllatlon of funds
Total funds brought forward
Total funds carrled fO￿ard
26.336
26,336
10.122
43.617
2.947
7.175
26,336
The ststement of financial activibes includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activib'es.
The notss on pages 4 to 11 foffli part of these financial statements.

Boom! INC
Company Limited by Guarantee
Ststsment of Financlal Position
31 March 2024
2024
2023
Note
Flxed assets
Tangible fixed assets
13
2,273
2,701
Current assets
Debtors
Cash at bank and in hand
14
11,489
20,219
31,708
10,716
34,251
44,967
Cr￿lt018. amounts falllng due wlthln one year
Net current a88ets
Total a88ets less current Ilabllltle8
16
23,859
7,849
10,122
10,122
21,332
23.635
26,336
26,336
Net a88ets
Fund8 of the charlty
Restricted funds
Unrestricted funds
7,175
2,947
10,122
26,336
26,336
Total charlty funds
18
For the year endlng 31 March 2024 the ¢harlty was entitled to exemptlon from audit under section 477
of the Companies Act 2006 relating to small companies.
Dlrectorfs responsibilltles:
The members have not required the company to obtain an audit of Its financial statements for the
year In question In accordance w￿h section 476.,
The director acknowledges hls responsibilitles for cornplylng with the requirements of the Act ￿th
respect to accounting records and the preparation of financial statements.
These financial ststements have been prepared In accordance with the provisions applicable to
companies subject to the small companies, regime.
These financial statements were approved by the board of trustees and authorlsed for issue on 19
December 2024, and are signed on behalf of the board by:
Mr P Thompson
Trustee
Tho notes on pages 4 to 11 fomi part of these financlal statements.

Booml INC
Company Limited by Guarantee
Notes to the Flnancial Statements
Year ended 31 March 2024
General informatlon
The charity is a publ￿ benefit entity and a wivate company limited by guarantee, registered in
Northem Ireland and a registered charity in Northem Ireland. The add￿sS of the registered office
is 80a Main Street, Bangor, Co Down, BT20 5AE.
Statement of compliance
The rules of the Charity require the Trustees to wepare accounts for each financial year which
give a true and fair view of the state of affairs of the Charity and the surplus or deficit for that
period. In preparing those accounts the Trustees are required to..
select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent., and
- prepare the accounts on the going concern bas￿ unless it is inappropriate to presume
that the Charlty will continue in business
The Trustees are responsible for maintainlng proper accounting records under Section 63 of the
Charities Act (Northem Ireland) 2008 which are sufficient to show and explain all the Charity's
transaction,. which are such as to disclose with reasonable accuracy the financial position of the
Charity. and which enable the Trustees to ensure that the accounts prepared comply with section
64(1) of the ACL They are also responsible for safeguarding the assets of the Charity, induding
the maintenance of adequate procedures to prevent and detect fraud and other irregularities.
Accountlng pollcles
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared In sterling, which is the functional currency of the entity.
Golng Concern
There are no material Un￿rtaIntIeS about the charity's abllity to continue.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustee for particular future prqect or
commitw£nL
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the temis of an appeal, and fall into one of two sub<lasses: restricted income funds or
endowment funds.

Booml INC
Company Limited by Guarantse
Notes to the Financial Statements (conllnuedj
Year ended 31 March 2024
Accounting pollcles (¢ontlnu
Incomlng resour¢e8
All incoming resources are included in the statement of financial acb"vities when entitlement has
passed to the charity: it is probable that the economic benefits as%)ctated with the transactton Viill
flow to the charity and the arnount can be reliably measured. The following specific policies are
applied to particular calegories of income:
income from donations or grants is recognised when there is evmjence of entitlement to the
gif( receipt is probable and its amount can be measured rellabty.
legacy income is recognised when receipt is probable and entitlement is estsblished.
Income from donaied goods is measured at the frdir value of the goods unless this is
impractical to measure reliabty. in whth case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and services are recognised in the accounts
when received rf the value can be reliably measured. No amounts are included for the
contribution of general volunteers.
income from contracts for the supply of services is recognised with the delNery of the
contracted service. This is dassified as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and retumed if unspen( in which case
it may be regarded as restricted.
Resour¢es expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure Ir￿udeS any
VAT which cannot be fully recovered, and is dassified under headings of the ststement of
financial activitie5 to which it ￿lates.
expenditure on raising funds includes the costs of all fvndraising activities, events. non-
charitsble trading activities. and the sale of donated goc#Js.
expenditu￿ on charitable actsvitses includes all costs incurred by a charity in undertaking
activities that further its chaiitable aims ft)r the benefft of its beneficiaries, induding those
support costs and costs relating to the govemance of the charity apportioned to charitable
activities.
other expendilure includes all expenditure that is neither related to raising funds for the
charity nor part of ts exwditure on charitable actswtss.
All costs are allocated to expenditure categories reflecting the use of the ￿sOurCe. Direct costs
attributsble to a single activity are allocated direcdy to that activty. Shared costs are apportioned
between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initialty recorded at cosc and subsequenty stated at cost less any
accurnulated depreciatron and impainnent losses. Any tsngible assets carried at revalued
amounts a￿ recorded at the fair value at the date of revaluation less any subsequent
accumulated depreciation and subsequent accufflulated impairnient losses.

Boom! INC
Company Limited by Guarantee
Notes to the Financial Statements (conunued)
Year ended 31 March 2024
Accountlng policies {conllnueoy
Tangible assets (contlnued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
recognised gains and losses, unless it reverses a charge for impairment that has previously been
recognised as expenditure within the statement of financial activities. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
except to which it offsets any previous revaluation gain, in which case the loss is shown within
other recognised gains and losses on the statement of financial activities.
Depreclatlon
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual
value, over the useful economic life of that asset as follows:
Fixtures and fittings
10% straight line
Impalrnient of fixed assets
A review for indicators of impainnent is carried out at each reporting date. with the recoverable
amount being estimated where such indicators exisL Where the carrying value exceeds the
recoverable amount, the asset Is Impaired accordingly. Prior impairments are also revieV￿d for
possible reversal at each reporting date.
For the purposes of impainnent testing, when it is not possible to estimate the recoverable
amount of an individual asset, an ests'mate is made of the recoverable amount of the cash-
generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable
group of assets that includes the asset and generates cash inflows that largely independent of the
cash infiows from other assets or groups of assets.
For impainnent testing of goodwill, the goodwill acquired in a business combination is, from the
acquisition date, allocated to each of the cash-generating units that are expected to benefit from
the synergies of the combination, irrespective of whether other assets or liabilities of the charity
are assigned to th¢)se units.
Government grants
Govemment grants are recognised at the fair value of the asset received or re￿1Vable. Grants
are not recognised until there is reasonable assurance that the charity will comply with the
conditions attaching to them and the grants will be receNed.
Where the grant does not impose specified future performance-related conditions on the
recipient, it is recognised in income when the grant proceeds are received or receivable. Where
the grant does impose specified future perfOrMan￿-re1ated conditions on the recipient, it is
recognised in income only when the performance-related conditions have been met. Where
grants received are prior lo satisfying the revenue recognition crlteria, they are recognised as a

Booml INC
Company Limited by Guarantee
Notes to the Financial Ststements (Condnuod)
Year ended 31 March 2024
Accountlng pollcles (¢onllnue¢
Flnanclal Instruff*nts
A financial asset or a financial liability is recognised only when Ihe charity becomes a paty lo the
contractual provisions of the instfumenL
Basic financial instruments are inttialty recognised at the amount receivable or payable including
any related transactlon costs.
Current assets and cUr￿n1 liabilities are subsequenty measured at the cash or other
consideration expected to be paid or received and not discounted.
Debt instruments are subsequenity measured at amortised co8L
Where Investments in shares are publicly traded or their lair value can otherwtse be measured
reliabty, the investment is subsequently measured at fair value w51h changes in fair value
recognised in income and expenditure. Ail other such investments are subsequently measured at
cost less Impairment
Other financlal instruments, including defivatives. are initialty recognlsed at fair value. unless
payment for an asset is deferred beyond rffinal business terms or financed at a rate of Interest
that is not a market rate. in which case the asset is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrumenL
Other financial instruments are subsequenty rneasu￿ at falr value, with any changes
recognised in the statement ol financial activities, with the exception of hedging instruments in a
desMJnated hedging relationship.
Flnancial assets that are measured at cost or amortised cost are reviewed for objective evidence
of impairment at the end of each reporting date. If there is objectNe evidence of impairment, an
Impaimient loss is recognised under the appropriate heading in the statement of financial
activities in which the initial gain was recognised.
For all equity instrumenls regardless ol significance. and other financial assets that are
indlvidually significant, these are assessed individually for impairnienL Other financial assets are
either assessed individually or grouped on Ihe basis of similar credit risk charaCterist￿s.
Any reversals of impairment are recognlsed Immedlatety, to the extent that reversal does not
result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impaiment not previously been recognised.
Defined ¢ontrfbutlon plans
Contributions to defined contiibution plans are recognised as an expense in the period in which
the related service is provided. Prepaid contributions are recognised as an asset to the extent
that the prepayment will lead to a reduction in fvture payments or a cash refund.

Boom! INC
Company Limited by Guarantee
Notes to the Financial Statements (¢¢wdnued)
Year ended 31 March 2024
Accountlng pollcles (¢ondnu8dJ
DefIn￿ contrlbutlon plans (¢onllnu6d)
en contributions are not expected to be settled wholly within 12 months of the end of the
reporting date in which the employees render the related seNice, the liability is measured on
discounted present value basis. The unwinding of the discount is recognised as an expense in
the perlod in Wh￿ It artses.
Llmlted by guarantse
The liabllity of the menbers is limited to a sum not exceeding £1. belng the amount that each
member undertakes to contribute to assetsof the charity in the event of its being wound up while
he, she or it is a member or within one year and he, she or it ceases to be a member.
Othor Incomlng resources
Unrestrlcted
Funds
Restricted Total Funds
Funds
2024
Grants
Govemment grant income
7,175
7.175
Unrestricted
Funds
Restitted Total Funds
Funds
2023
Gran18
Govemment grant Income
4,594
4,594
Other tradlng actlvltles
Unrestricted Totsl Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Artistic Incorne
Rentsl Income
Other Income
21.969
52,222
32,062
21,969
52,222
32,062
106.253
14,215
48,924
20,949
84.088
14,215
48,924
20,949
84.088
106,253
Costs of generating voluntary Incomo
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Direct costs
42,881
42,881
18,631
18,631

Booml INC
Company Llmlted by Guarantee
Notes to the Financial Ststements {contlnued)
Year ended 31 March 2024
Expendlture on charitable actlvltles by fund typ•
Unrestricted Total Funds Unrestricted Totsl Funds
Funds
2024
Funds
2023
Costs of generating voluntary income
and administration
86,761
86,761
87,332
87.332
Expendlture on charltable activftles by aciivlty type
undertaken Total funds
directy
2024
Total furKI
2023
Staff costs. deprecBtion and govemance costs
86,761
86.761
87.332
10. Net expenditure
Net expenditure is stated after chargingl(crediting):
2024
2023
Depreciation of tangible fixed assets
428
428
11. Stsff costs
The totsl staff costs and employee benefits for the reF(Jrting period are analysed as follows."
2024
2023
Wages and salaries
Employer contributions to pension plans
28,875
817
27,000
1,026
28,026
29,692
The average head count of employees during the year was 2 (2023: 1). The average number of
full-time equNalent employees during the year is analysed as follows:
2024
2023
No.
Number of staff
No employee received employee beneffts of more than £60.000 during the year {2023: Nil).
12. Trustee remuneratlon and •xp•nses
None of the trustees (or anyone connected with them) received any remuneration during the year,
and none of them were reimbursed for travelling expenses.

Boom! INC
Company Limited by Guarantee
Notes to the Financial Statements (cmtthued)
Year ended 31 March 2024
13. Tanglble fixed assets
Flxtures and
Ilttlngs
Cost
At l Aprfl 2023 and 31 March 2024
Depre¢latlon
At 1 April 2023
Charge for the year
At 31 March 2024
4.276
1.575
428
2.003
Carrying amount
At 31 Paarch 2024
2,273
At 31 March 2023
2,701
14. Debtors
2024
2023
Trade debtors
11,489
10,716
15. Credftors: amounts falling due wlthin one year
2024
2023
Bank loans and overdrafts
Trade creditors
Accruals and deferred income
Social security and other taxes
Other creditors
351
17,942
720
2,319
15.322
4.148
2,089
2.300
23,859
21,332
16. Pensions and other post retlrement beneffts
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined
contribution plans was £817 (2023: £1.026).
17. Government grants
The amounts recognised in the finanaal statements for govemment grants are as follows:
2024
2023
Recognised in incoming resources:
Government grants income
7.175
4.594
10

Booml INC
Company Limoted by Guarantee
Notes to the Financial Statements (¢ondntAdJ
Year ended 31 March 2024
18. Anatysis of charitable funds
Unrestrlcted funds
At
Income Expenditure 31 March 2024
1 April 2023
General funds
106.253
(129,642)
2.947
At
Income Expenditure 31 March 2023
1 April 2022
General funds
43.617
88.682
{105,963)
26.336
Restrf¢ted funds
Al
Income Expenditure 31 March 2024
1 Aprtl 2023
Restricted Fund 1- Govemment Grant
ACNI
7,175
7.175
At
Income Expenditure 31 March 2023
1 April 2022
Restricted Fund 1
11

Boom! INC
Company Limited by Guarantee
Management Inforniation
Year ended 31 March 2024
The followlng pages do not fomi part ol the financlal •tatwn•nts.
12

Booml INC
Company Llmited by Guarantee
Detsiled Statement of Financial Actlvities
Year ended 31 March 2024
2024
2023
Other Incomlng r•80urces
Government grant income
7,175
4,594
Othol tradlng actlvltlos
Artistic Incoma
Rental Income
Other Income
21,969
52,222
32,062
106,253
14,215
48,924
20,949
84,088
Total Income
113,428
88,682
Expendlture
Costs of generatlng voluntsry Income
Purchases
42,881
18,631
Expendlture on charltsble actlvltles
Wages and salaries
Pension costs
Rent
Llght and heat
Repairs and malntenance
Insurance
Other motarltravel costs
Legal and professlonal fees
Telephone
Other office costs
Depreciation
Bank charges and Interest
Marketing and Advertising
General Expenses
Subscrlptlons
28,875
817
17,167
11,067
27,000
1,026
32,334
4,350
594
1,707
957
5,434
1,875
2,728
428
3,731
4,696
47
425
3,374
1,742
9,235
1,644
5,066
428
2,849
3,881
444
172
86,761
87,332
Total expendlture
129,642
105,963
Net expenditure
(16,214)
(17,281)
13