Charfty reslstraiioh humber NIC104975
Company r?gistration number NIO55719 INorthern Ir?landl
SUMMER MADNESS (NI) LTD
IA COMPANY LIMITED BY GUARANTEE)
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

SUMMER MADNESS (NI) LTD
IA COMPANY LIMITED BY GUARANTEE)
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr DJohn5ton
(resigned 21109120231
Mr F McMorrovL
Rev A McC3rtney
Mr D Wilson
Chairn)an
Mrs R Alderdice
MISJ Ru55ell
The Venerable B Forde
Mr l Hay0$
Mr I Currie
Troasurer
Charlty number
NIC104975
mpany number
N105S719
Re815tEred offir•
The Cyrll Johnston Complex
Balldnahinch Road
Carryduff
NorLhern Ireland
BT8 8DI
Indeper*dent examlner
Moore Branlff
2 8ee¢hill Busine55 QBrk
96 Beechill Road
Belfast
BT8 7QN
Banker5
U15ter Bank
Connswater Branch
Arches Retail Park
Belfast
Northern Ireland
BT5 4AF

SUMMER MADNESS (NI) LTD
IA COMPANY LIMITED BY GUARANTEE)
CONTENTS
P*Ae
Trustees, report
IndepEndent exarniner'5 report
Stètement of financial actlvities
Balance shéet
Notes to the financial statements

SUMMER MADNESS (NI) LTD
IA COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT (INCLUDING DIREcfoR'S REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2022
The trustees present their annual rewrt and financial 5tatement5 for the year ended 11 December 2022.
The financial statement5 have been prepared in accardance with the accounting policies set out in note I to the financial statements
and cornply wiih the chariiy's governing document, the Companies Act 2006 and "Accounting and Reportin8 by Charities.. Staiement of
Rerurntnended Practice applicable to charities preparin8 theii accounts In arcordanc@ with the Financial Reportln8 Standard applicabl
in the UK and Republic ot Ireland (FR5 1021" leffectlve l January 20191.
Oblectlves and activltSe5
Summér Madnéss exists to enthuse, equip, and *n8a80 th@ youth and youn8 people of Ireland In their Christian faiTh so that th*y may bè
r?al chan8e-makers In their churches and communities across the Island. The prlnclpal object of rhe cornpani Is organlsing the Summer
Madness Christian summer ¢onferen¢e. Our aim is to support y¢unA people as they inteerate life and work faith in ways that bernefit
society rnorewidely in irnpfoving their citizenship and social responsibilit5.
summer Madness runs Ifeland's largesi Christian youih event. The camp was started by Church of Ireland Youth Oepartment over thirtv
years a80 ind now attract5 UP to 2.000 visitars, rnany of whorn camp on site for the duration ol the conference. It lJ5ually takes place on
the first weekend of july and runs from Frlday to Tuesday and, for flve year5 has been held at Glenarm Estate, Northern I'eland. In 2020
the tamp was taneélled lor thè first timé due to Covid restrictions In 2021 we organised a very different style of festival with limitations
cn numbe15 and activltie5, In this year120221 we re-located to a 51te In Portglernone, 8razlng larmlènd within the boundarles of the
conlernplative Cistercian community al Oui Lady o16ethlehpm Abbey111 Ballymena Road, Port8lenone. Ballymena, BT44 8BLI.
One ol the siand.our developments ol thls yiar has been the growing relailonshlp wlth the monastery and Brother Aelred, who leads
the communlty. The mvtu31 feeling5 are that this 1$ an arran8emenr that may hawe longevity in It. john Kee ha5 teen im¥glning
someihing long-term here. Writing thi5 report in 20231 can safely Say ihal thi5 is a direction that will re-appear in next ye3r's ieport.
john Kee's mantra for 2022 land as part of his five.year strite8y for lon8.term futufe Madness) was 'Mèke it easler to or8anlse and
rnake It easier to attend.. John Is developlng'flat-pack, set-up plans that can be followed by other5, thus not depending as much on h15
experience and nous. He has also been developing ways for agencies and campers to more easily a¢cess ihe festival onllne and in
rÈal-life. lrt a world whert leadership VDlunteEiin8 is becomitts morè difficult to maintain or find the aim is to reduce the difficulties foi
810ups In term5 01 supervision, carnpin8, caterin8 and participation in the le5tival. The MadApp 15 a150 part of thi5 proiE55, both at the
festival and throu8hout the year.
Thls y•ar's Ftstlval rtturned to its pre.pand*rnic shap• liwe nights (Frlday to Tu•sdayl and mostly r•sidtntiil tamplng over thè
weekend of school closlDg at the end Of lune. There were tyround 1,500 people parti¢lpating, A5 a new gr¢en-fleld and farmland site
there were many ch311en8es- entrances and exils, access for heavy vehicle51 parking. carnpin8. Utilitie5.. the sile crew did ali incredible
lob of making it all sèfÈ, accossiblÈ, and a vÈry positive eXper￿nCe for all who attÈndÈd. ThÈrÈ will be annual imprDvÈments as the yÈars
progress.
The 2022 theme was Pray With¢ut CeasinE. Two Ihings were èxceptional.
Th¢ first Wè5 the ¥bvlous connection with the mpnastery an¢ theli life uf prayer, Father Aelred's cvntrlbution on main5t¥ge on
the first ni8ht was very warmly received by the youn8 people.
The second was the involvernent of 24..7 Prayer throughout the festival. Their input was enthusiastic and accessible to all. Much
appretlation io them.
Surnmer Madne55 ha5 alwa¥5 bpen a collaborative entprpri5e and involves a ranEe of 'partner' aEeDcies, whose 5IIPPDrt 3nd
encouragemenr make the festival what it 15 today. Our partners who provide venue5, activitie5, programme, and personnel did not
hesitète io do whatever they could to bring the Edent togethèr at Portglenone.
One much appreciated development on site for the Campers was designating marquees to £roups of groups Form a Diocese or group ol
churches. ThEy were then able to a551St the catering and prDvide inter-active times and 5pace5 loi their groups. Thi5 appear5 to have
worked well.

SUMMER MADNESS (NI) LTD
IA COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT (INCLUDING DIREcfoR'S REPORT) (CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2022
In addition to the youth camp, Summer Madness seeks to provide a range of other opportunities to young people and leaders. Over
recent Wears we have developed a number of prolecis such as StreelReach, the Youth Mlnisiry Facebook Group, The 'Time Out,
rnagazine publication ol knhn's Gospel and of the Acts of the Apostles whKh has followed up this iiear with an online App that prowides a
521ertion ol Jevotional reflection5 on the book ol P5altns. Over recent years we have iariied out sever?1 fundraising a￿d advocacy
camp8i8ns, IToiler Twinning, Haa5s Hope- Political awarene5sI mobilization, Anti-Traffickin8, Anti-Poverty work etcl.
This process has continued and grown throughout 2022. 80th church and statutory networks have been tryin8 OUI the app and have
tegun io buy It.
Statement ol Cornp15ance
The trustÈes havÈ pard duÈ regard to gtsldance issued by the Charlty Commlsslon in declding what attivitiÈs the charity should
undertake.
ID the Autumn 012022 we have reviewed and UPBraded our Understandi￿ and proce55es ol GDPR. There will now be awzreness
Ach1•￿ments and perlotman¢•
We have much evidence over the years of the effectlveness of our work In 5UPPgrtin8younB people as they benefit s￿le11.
ID addition tD running Sutnrner M3dne55, the charitable company has lent Its expertise to ihe development of sirnilar Initiatlves on the
vihole ol Irel3nd in partnership with other agencies.
As a charity with a small CDre siaff, we make extensive use of volunteÈrs, è reduced number ar the festival this year. The experience of
voluntttring wlth Summ•r Madness glvés those volunttèrs skills and •xperltncè whlch thty tak• Inro the r•st ol thtlr Ilvts. Iht
Innovatlon ol the year w15 the introductlon of Silver Servers. Th15 is malnly office work and preparatlon for the Festival pro8ramme. A5
the nawe 5Ug8e5t, it 15 targeted at early-retired. A nutnber of peopl- are now working regularly in variou5 part-tirne capacitie5
rhroughout the off-season months.
Flnanclal re￿eW
Ihe Financial Statements deal with all the income and expenditure of the charitable company, as well as its financial position at the year
end. The result5 for the year and the financlal positlon were wn51dered satisfactory by the trustees.
At 31 December 2022, toial Charity funds were £146,20912021.. £282,966).
Prlnclp•l fundln8 souru$ and how th•y support l•y obl•ctlts
For our Dngoins work we are funded by ticket sales ai tÈstivals, regular mDnthly donors, one-Dff donations, tax refunds on Eift aided
donatlons and grant support frorn Public bodies. For special wojÉct5 we seek funding from supportive organisations and Individuals.
The charity 15 cuirently In p055ession al Educa1ian Authority Fundin8 in relation tD the MadApp project, the project wa5 originally
planned lor 2 years and fiJndin8 was provided on this basis with a repayrnent clause for unspent funds included as part ol the provislons
ct the grant. Works have been e%tended Into a third year and the Charity rtmalns In tontact with the Education Authority regarding on
extension and we hope that rhe Authodtws SUPPDrt will remain In place for the additional year and the remalnlng funds can continue to
e applied to the project.

SUMMER MADNESS (NI) LTD
IA COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT (INCLUDING DIREcfoR'S REPORT) (CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2022
Rlsks and uncertalntles
The Board ¢oThtlnuos to support the ￿ed for a 'reserve pollc¥. Thlg would also brlng the Company In Ilne wlth the Charities Commissl¢n
dvice on reserves.
1115 the policy of the charity that unrestricted funds which have not been de518nated for a specific use should be maintained at a level
equivalent tg six rnonth'5 5UPPOrt fQ5t5. The trustee5 consider that reserves at this Ipvel will ensure that, in the event of a si8nificant
drop in lundin& they will be able to CDntinue the charity's current activitie5 while consideration isgiven to ways in which additional
fiinrlg MAY hg rAl%*A R*<prwps At 41 n￿r￿m￿￿r ?n?? amniinipd rn F146.?091?n?1.. FJA?,fifiAI whlp.h In¢lLid*< dp%lgnat*d fiJnd% of FE,rxi
for cost5 in relation to the quest for a p¢rmanent site for the annual festi￿al.
Plans lor future péilods
The trustee5 plan to keep a light Cortrol of expendilure and continue efforts ¢0 Increase donations, the support base ol the charitable
company and the prDmoliorb of the conference 2022.
Two flows olthauAht durlng 2022..
Fcr several year5 there ha5 bEen a 5en5e ol needing to consider a permanent Slte foi the le5tival. A variety ol venue5 IDr such a thing
have been CDnsidered in a casual way. These discussions and hope5 have continued in 2022. almost exclusively now directed to
Port8lenone, the mon35tery. and their leasing affan8ernent with a local Farmer. We ne8Oti3ted Space and time with him for this year'5
festival. The negotlatlons Include longer-term arrangement wrh him and rhe monastery.
The aims and gbjects of the cornpany/charity. It ha5 been many years slnce Summer Madnes5 Wa5 Qllicially cgnstituted. There 15 1
8iowin8 feelin8 thal we need to make sure oui ccn5titutlOn 15 fit for purpD5e and that we hèvE 50tne a8reed protoco15 around l. tertns
conversatlon5, but thls will become Board buslntss very soon
Stru¢ture* governan￿ and mznagement
The charity is a compaiiy limited by guarantee and is constituted under a Memorandum of Association dated 24th June 21XJS and is
r2CO8nlsed as a charity by HMRC. charlty numberXR83441 and by the Charlty Commlsslon tor Northern Ireland, charity nLmber
NIC104975.
The trustees, who are also the directors for the purpose of cThmpany law, and who served during the year an(J up to the date ol
Signature of ihe financial statement5 were..
Mr D johnston
Nfjr N Gilbert
IR•slgntd 31 May 20221
Nlr F McM¢irow
Re¥ Adrian Mccartney
Mr D Wi150n
Nfjr5 R Alderdice
Mr5 J Russell
The Venerable B Forde
J Haye5
Mr J Currie
(Appointed 8 November 20221
As r￿uIred on ad hoc basis thÈ trustees discuss tie appointment of potential new trustees for appointment to the Boèrd. Suitable
Feople 3re approached and if they are willing to serve on th2 board their nomination5 IS put forward for approv31 by the Board. The
trustÈes arÈ appointed for thoe year5 4nd are av)ilable for re-election. Ntiw members re￿1ve the relevant goveming docJments dnd
the annual fillancial repoct. In practice all tr115tees stand for re-election each year at the AGM.
The chief executive officer of the charity 15 Mrjohn Kee.

SUMMER MADNESS (NI) LTD
IA COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT (INCLUDING DIREcfoR'S REPORT) (CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2022
The Board of Trullees Is iespon5ible lor all aspeffls of corpor*e governance within the chariiable company. It meets a minimum of six
timÈs a year to define and agrÈÈ stratÈgic prioritiés for thè charlty, monltor progress and revlèw thÈ resourcès available to sustain thÈ
chaniable company. The day to day running ol Ihe ¢harrty Is iarried out bw rhe Lhief Execufive. John Kee.
Risk mana8ement
The irusiees have assessed the major risks, to which the Charity is eKposecJ, in pariicular those related to the operarions and finances af
the charltable company. The rrusteesare satlsfled that SY5terns are In place to mltl83te any exposure to major rlsks.
Public Beneflt siatemint
Trustees have complied with the duti, to have regard ¢0 the Charity Commi5$1on for Nprthern Ireland'5 5tatutcry guidanceon the publi
benefit re4uirement, iSSUeLI ur)der th￿ Charities Act INorthern Irelandl 2008.
The trustees, report was 3pprov8d by the Board of Trustees.
Rev Adrian Mccartney
Chalrman
21 September 2023

SUMMER MADNESS (NI) LTD
IA COMPANY LIMITED BY GUARANTEE)
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF SUMMER MADNESS INI) LTD
I report to the trustees on my examination of ihefin3ncial statements of Summer Madness INI) Ltd (the charity) for the year ended 31
DetÈmber 21122.
Respon5iblllties and ba515 of report
As the trustees of the charity land also Its directors forthe purposes of company lawl you are responslble for the preparation of the
financlal siatements in accordance wth ihe requlrements of Ihe CompanÈs Aci 2006 (the 2006 Actl.
Havin8 Satisfied myself that the finan¥ial 5tatement5 of the charity are not required ¢D be audited under section 65 cl the Charitie5 Acl
and are eliBible lor indepèndent examination, I report in resP&Ct of my examination ￿ the charity's financial s-.3ternents carried Dut
under section 65 Df the Charities Act 2008 Irhe 2[08 Acil. In tarrying out my examin3tlDn I have followed all the applicable Directions
given by thè Charity Commlssion Nonhern Ireland under section 6519llbl ol thè Charities Att 2008.
Ihdependeni examlner'$staiement
I have complèted my ex3*ination. I cornfirrn that no rnatters have com• to my attention In connection wlth ihe examination 8lvlng me
cause to belleve that In any rnaterlal respect..
accounting record5 were not kept iii respect of the charitv a5 required bv section 386 of the 2006 Act. or
the finincial 5tatement% do not accord with those recgrds.- or
the fin2nclal staiement5 do not comply with rhe accounting requiremenis of section 396 of the 2006 Aci other than any
requlrement that the attounts give a true and lair vlew which is not a matter ¢￿sIdered as part ol an Independent èxèmlnation-,
or
the finincièl starements have not been prep•red in aecordance wlth the method$ and principles of the Statement ol
Recommended Practice for accounting and rèporting bs charities applicablÈ to charities preparing their aCCDunts in accordance
wlth tht Flnancial Reporting Stèndard applicable In the UK and Republic ol Irtland IFRS 1021.
I hawe no concerns and have come acr95s no other matter5 in connectlgn wlth the examination towhlch ?tientlon should be drawn In
this report in order to enable a praper undEr5tanding af the financial statement5 to be ieachEd.
Moore Branlll
2 Beechill Busines5 Park
BeEchill Road
BT8 7QN
Doted.. 21 September 2023

SUMMER MADNESS (NI) LTD
IA COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2022
Unrestrifftd
Resrrlcted
Total
Unre5trlcted
Re5trtrted
Total
fund5
fvnds
lunds
fund5
2021
ZOZ2
2022
Z021
zozi
2QZI
Note5
1ncome from..
Donations and legatiés
86,312
121,680
17,087
86,312
121,680
17,087
133,685
91,606
6,640
62,100
J36,884
195,?B5
228.490
6.640
Tatal Incorn
225.n79
22fj,n79
241.9.11
19R.9R4
440.qis
ndlture on..
3SO,833
11,th)3
361,836
110,210
110,325
220.S35
Net lexpendkurellln¢ornefor
the yearl
Net movem•nt lynd)
1125,7511
111,0031
1136,7571
121,721
88,659
210.380
Fund balances at l January 2022
194,307
88,659
283,966
72.586
72,586
Furbd balances at 31 Oe¢tmber
2022
68,553
77,656
146,209
194,307
88,659
282,966
The sratemeni of financial a¢iivifies includes all gains and losses recognlsed In the year.
All income and expenditure derive from continuing activities.
The statement of flnancial actlvities also complies wlth the requirements lor an Income and expendlture ac¢oun¢ vnder the Companies
Act 2006.

SUMMER MADNESS (NI) LTD
IA COMPANY LIMITED BY GUARANTEE)
BALANCE SHEEr
AS A T 31 DECEMBER 2022
2022
2021
Notes
Flxed assets
Tangible assets
12
3,678
3.490
CutrÈht
Debtor5
13
7,228
207,833
6,419
283,011
Cash at bank and in hand
215,061
289,430
Crediiors.. amoun15falllkw due wlthln one year
14
112,5301
19.9541
Net current a55ets
202,531
279.476
T¢tal assets less ¢urrent Ilabllltles
206,209
282.966
Deferred Sncom•
15
160,OfpJl
Net 155etS
146.209
282.966
Income lunds
Restricted fund5
Unre5trlcted lun¢$
17
77,656
88,659
Designated fund5
General unrestricted funds
18
5,000
189,307
63,553
68,553
194,3D7
146,209
282,966

SUMMER MADNESS (NI) LTD
IA COMPANY LIMITED BY GUARANTEE)
BALANCE SHEEf ICONTINUEDI
AS A T 31 DECEMBER 2022
The company is entitled to the exemption from ihe audit requirement contained in section 477 of the Companies Acr 1006. for the year
ondÈd 31 Dètembèr 2022.
The director atknowledge5 his responsibilities for complying %vith the requirement5 of the Companies Act 2006 with respect to
accounting records and the preparation of financial statements.
The members have not required the compèny to Jbtain an audit of its financial statements lor the year in guestion in accordance with
sectlon 476.
These financial statements have been prepaied in accordance with the provision5 applic8ble to companie5 subject to the small
companies regime.
The financial stat•ments were approved by thè Tiustees on 21 September 2023
Mr J Hayes
Treasuf•r
Company re¥15tratlon numb•r N1055719

SUMMER MADNESS (NI) LTD
IA COMPANY LIMITED BY GUARANTEE)
NOTES TOTHE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
A¢¢ountin8 pollcles
Charfrty informatlon
summer Madness IN11 Ltd is a prlvate company Ilmlted by guarantee Incorporèled In Northern Ireland. The reglstered offlce Is
The Cyril Johnston Complex, Ballynahinch Road, Carrydufl, BT8 8DJ, Northern Ireland.
Ll Accountlng con¥entlon
The financial statements have been prepared in a¢torlan¢e with the chority's Igoveming do¢uMenil. the Cornpanles Aci 2006,
FRS 102 Yhe Financial Reporting Standaid applicable in the UK and Republic ol Ireland" I'FRS 102,1 and the Charit￿5 SORP
'Accountin6 and RepDrtin8 by Charitie5'. Statetnent of Recomrner)ded Practice applicable to Iharitie5 preparin8 their acrDunt5 In
accordance with the Financial Reporting Stand3rd applicable in the UK and Republic of Ireland IFRS 1021" lelfective l January
20191. The tharlty Is a Public BÈnetit Entity as defined b¥ FR5 102.
The charity has taken 3dvantage ol the provisions in SORP lor charitie5 not to prepare B 5titement of Cash Flows.
Th* financial sratements aro prepared In sterlin8, which Is the luncrional currency ol the charlty. Monetary amounts in these
flnanclal 5tatement5 are rounded to the nearest £.
The financial staternents have been prepared under the historical c05t convention. The principal accounting policies adopted are
set oul below.
L2 Golni¢on¢erh
At the time ol approvin8 the financial statement5, the tru5tee5 have a reasonable expectation that ihe charity has adequate
resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adDPt the going concern
basls tst accounting In preparin8 the Ilnanclal statem•nTS.
L3 Charltablg fund6
Unrestricted fund5 are avallable for use at the dlscretlon ol the trustees In furtherance ol rhelr charitable objectlves.
Re5tri(ied lund5 are subject to gpecilic conditions by d?nors a5 to how they rnay be used, The purp05e5 and u5e5 01 the restricted
funds are set out in the notes lo the flnanclal statements.
Endowment funds are subjéct to speclflt condltlons bydonors thatthé tapltal must be malntalned by the charitv.
L4 Income
Income Is recognised when the charlty Is legally entitled to It after any performance condltlons have been met, the amounts ran
be measur•d r•liablyi and it Is probablt that Incomè will bè rec•ivéd.
Cash conation5 are reiDgnised on receipt. Other donBlions are recognised ance the chaiity ha5 been notified of the donatlDn,
unless performante tondiiions require dÈfÈrral of the amount. Income tax rÈcoverable in relation tts donations received under
Gift Aid or deeds of covenant 15 reco8nised at the time of the donaiion.
Legacies are reco8nised on r£ceipt or otherwise if the charity has been nolilied ol an impending distribution. the amount is
known, and receipt is expected. If rhe amcAJnt is nor kriown, the legacy 15 treated as a contingent asset.

SUMMER MADNESS (NI) LTD
IA COMPANY LIMITED BY GUARANTEE)
NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2022
Ac¢tsuntln8 policie$
Icontinuedl
L5
Expendliure
Expenyiture is recognised on an aetruals b)sis once there 15 a legal or ¢onstru¢iive obliÉ$tion to transfer etonomie behefit to a
third party, it Is probable thal a trin5fer of ecDnofflic iEnefits will be rEquired in 5ettletnenl, and the atnount t)f the obligation ian
be Measured reliably.
Expenjlture Ss cla551fled by acnvity. The c0515 of ?ach acrivlty are rnade up ot the total of dlrecr cost5 and shared c05t5, including
support costs Invdved in undertaking each activity. Direct cosrs attriburable to a single attivity are 8llocared directly ro that
activiti, Shared costs which contribute to more than Dne activity and 5UPPOrt 10sts which are not attributsble to a single activity
are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the
t)asls of lime speni, and deP￿.latIon charges are allocated on the portion of ttre asset'$ use.
Irrecoverable VAT is charged as a cost agalnst the actlmty for whlch the expendllure was incurréd.
L6 T•Th8lble Ilxed
Tangible fixed a55et5 are initially rneasurel at C05t and 5ub5equEntly mEa5ured at C05t or valuation, ne¢ of depieciaiiDn and any
impairment losse&
Depreciation 15 recognised so a5 to write off the c05t or vèluation of assets le55 their residual values over their useful lives on Ihe
follo¥￿n8 bases..
Plant and equipment
25% strai8ht15ne
25% 5trai8ht line
ThE gèin or loss arisin8 on the disposal ol an asset is determined a5 the difference between the sale proceeds and the carrying
value ol the asset, and is reco8nised in the statement ol flnancial activities.
L7 Impairment of fixed a55etS
At each reportln8 end date, the charity review5 the carryir)8 arnounts of it5 lan8ible a55et5 to deterrnine whether there 15 anv
Indlcaiion that those assets have suffered an Impairment IDSS. If any such Indication exists. the recoverable arnount of the asse1 IS
•stimat•d in ordèr to dèttrmint thè ext•ni of the Impairmènt loss lil ahv).
L8 Cash ind cèsh *9￿1ValentS
Cash and cash e4ui¥alents include cash in hand, deposits held at ¢all with banks, other short-term liquid Investments With ori8inal
maturities ol three month5 or le55, and bank overdialts. Bank cverdrafts are shown within borrowinES In culreni liabilitie5.
L9 Finantial inrtrnments
The ckiarity ha5 elECted to apply the provi5iQD5 015ectlDn 11 'Ba5ic Financial InEtivrDent5' and 5eEtion 12'0ther Finanrial
Instrutnents155ues' of FRS L02 to 311 of it5 financial instruments.
Financlal Instruments are recognlsed In the charlty's balance Sheet when the charlty become5 party to Ihe contractual provisions
of the instrument.
Fin3ncial assets and liabilities are Difset, with the net amounts presented in the financial statements. when there is a legally
enforceable right lo set off the recognised amounts there is an intention to settle on a net basis orto realise the asset and
10-

SUMMER MADNESS (NI) LTD
IA COMPANY LIMITED BY GUARANTEE)
NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2022
Ac¢tsuntln8 policie$
Icontinuedl
8osi¢fvrt4n¢ial assets
Basic financial asset$, whl¢h include debtor$ 3nd cash and bJnk balances, are Initially measured at transaction prfce IneludSng
tran5<tlQn CQ5t5 Ind are 5ub5equently cirried dt amorti5ed E05t Using the effeitive inteiE5t wethod unle55 the irrlnsernpnt
con5ti-.utes a linarKing transattion, where the tran5artion is measured at the present value Of the future receipts discounted ata
market rate of interest. Finanual assets classified as receivable within one year are not amortised.
Bosleylnonclul Ilobllltles
Ba51r. linanr.ial liabilitie.s. inrluding creditorg and bank loan5 Ire initially recogni5ed at transaction price unles5 the airangement
consti-.utes a linaKin8 transaction, where the debt instrument is rneasured at the present'ialue Df the future payment5
dlseount*d at a market rate of Int•r*st, Financial Ilabilltits classlfied as payabl•within one y*ar art noi amortis•d,
Debt in5trurnEnts are subsequently carried at amort15ed CD5t, U5inE the ellecti¥e interest rate method.
Trade creditors are obli8atlons to Pay for 8oods or seryices th81 have been acqulred in the ordlnary course of operations from
suppligr5. Amounts p3y3blo arB classiflod 35 current 113bllitips if payment is duo within ono Yoar orloss. If not. they aro prèspnted
as nor-current liabilities. Trade creditors are reco8niseé ii)itlally at transaction prlce and subseouently measured at amortised
cost Using the effective Interest method.
Derecognltlon olflnuncfolllubllftles
Fin3nci31 liabilities are der￿o8n1se￿ when the charity's contractual obligations expire or ère di5char8Èd or cancelled.
LIO T•M•tlon
As a eharltable Company, It Is exempt from tax on intomt and galns To the extwt that thesè are applltd to Its eharltable obltcts.
Lll Employ•e ben
The cost ol any unused holiday entitlement is recoEnised in the period in which the employee's service5 are received.
Termlnatlon benellts are reco8nlsed imrnedlately as an expense when the charity Is demonstrably committed to teimlnate the
employment of an ernployee orto provideterminatlon benefit5.
L12 Retirement benelits
PaymÈnts to defing.d Contribution retlrement beneflt s=hemes ¥re chèr8ed Is an expense as they fall due.
Crltlcal aceountlng e5tlm4te5 and lud8ements
In the applicarion ol the charity's accounting policies. the trustees are required to make iud8Èments, estimates and as5umption5
about carryin8arnOUnt of d55ets and liabilities that are not r@Bdily app3ren-. from other 50urce5 Thg e5tim3tes and associated
assumptlons are based on histDrical experiÈnce and other factors th3t are con%dered to be rÈlevanr. Actual results may dlffer
from these estimates.
ThE e5tirnates and underlyin8 a55UmPtIOns are reviewed on an on8OiD8 basis. Revisions to accountin8 e51imate5 are recD8ni5ed in
the period in which the estimate is revised where the revision affect5 only ihat period. or in the period ol the revision and future
periods where the rev15ion affect5 both current and fuiure periods
11

SUMMER MADNESS (NI) LTD
IA COMPANY LIMITED BY GUARANTEE)
NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2022
Oonaiions and lerd¢ies
Unwe5trfjcled
funds
Unrestrlcted
fund$
Re5trlcted
funds
Total
2022
2021
2021
2Q21
Donations and gifts
Giants
841,262
2,050
78,450
55,235
78,450
117,335
62,100
B6,312
I33.￿5
62,100
195.785
fjrant fundlng recelved Includes government grants In rhe above figures amouniing to E5751?021.. £14.9701
Charltjble artSvltleg
Totalfunds
2022
Totsl fuThd5
2(21
Ticket sales
91,554
30.orK)
126
22.708
205,676
106
MadApp
Other in¢orne
121,680
228,490
Analysis by fund
Unrestricted lunds
Restri(ted funds
121,680
91,fj06
136.884
oih•rfradln¢ actI￿tI•$
Unrestricted Unre$trided
lunds
funds
20Z2
2QZI
Sale of mer¢handlse
Exhlbl-.ors and food vendors
3,703
13,384
2,793
3,847
othertradin8 actiYitie5
17,087
6.640
All of the 3bove relate to unrestricited fund5.
12-

SUMMER MADNESS (NI) LTD
IA COMPANY LIMITED BY GUARANTEE)
NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2022
Charltable attivlties
Charitable
Expendlture
20ZZ
Charitable
Expendlture
2Q21
Conference, programme, site & logistics Costs
219,429
95.159
Share of support O)Sts (see note 71
Share of 6overnance ¢osts15ee note 71
141,387
1,020
124,176
1,2t)D
361,836
220.535
Analy555 by fund
Unrestricted funds
350,833
11,OD3
110,210
110,325
Restrltred funds
361,836
220.535
13-

SUMMER MADNESS (NI) LTD
IA COMPANY LIMITED BY GUARANTEE)
NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2022
Support Costs
Support ¢osts
GoveMan¢e
¢osts
2022 Support costs
GttvÈrnance
2021
costs
Staff CDSts
87,335
1,226
87.335
1.226
266
2.624
140
78.351
1.163
300
2,190
374
78,351
I.IS3
3W
Depreciation
Promotion
Travel & subslstence
2,624
140
2.190
374
Tr3ining
Volunteers
Inter-agency collaboration
Prafe55i0nal f••s
1,561
1,450
893
1,551
1,450
893
986
986
13,063
3,600
191
13.063
3.6CQ
191
Rent & rates
5.535
526
5,535
526
Telephon¢ cost5
Postage & carria8e
Statian•ry, printing, office
equlpment
IT cosis
86
86
46
46
1,324
1,940
1,720
764
1,324
1,940
1,720
764
182
182
1,632
989
478
631
1,632
989
478
631
Subsciiptlons
Bank char8e5
General expenses
MadApp maintencnce c05t5
Exaniination and audit Ipes
33,997
33.997
1,020
20,000
20,QDD
1,200
1,020
1,200
L41,387
1.020
142,407
124,176
1,200
125.376
Analy5ed between
141,387
1,020
142.407
124,176
1,200
125.376
GovÈriancÈ tosts intludès paymènts to thè independent Èxaminèrol £1,02012021. £1,200) lor account compilation and
indep¢ndent exominatlun fee5.
Net movement In IuNI$
2022
2Qll
Net m)vement In funds is stated after ¢horyln¥ll¢redifjnel
Fees payable to the company's auditor forthe independent examinationlauditaf the
company's finant131 statements
DeprEciation of owned tan8ib12 fixed as&els
i.n?n
1,226
1,163
Trusto
None of ihe trustees lor any persons connected with them) rettlved any remuneration or benefits from the charily during ihe
vear.
14-

SUMMER MADNESS (NI) LTD
IA COMPANY LIMITED BY GUARANTEE)
NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2022
Trustees
Icontinuedl
The charitable carnpany ha5 beneftted from the contribution of unpaid general volunteers. Their contribution 15 not accounted
for due to the lack of a reliable basis of measurement.
Rent amountlng ro £O.0012021..EI.5001 was waived bythe landlord, a company controlled by Dolway Johnston, Trustee.
Employees
The average monthly nurnber of employee5 durin8 the year was..
2022
2121
Number
Number
Direct, Support & 8overnance
Ernploym•nt (Qsts
2022
2Q21
Wa8e5 and salarie5
81.067
3,172
3,096
72.361
3,122
2,868
Other penslon cesrs
87,335
78.351
The iotal amount of employee beneflts re¢elved by key management personnel was £60.83812021.,£55,2821. The IN¢r*ase In
2022 relates to back pay ol penslon ¢ontributlons owed.
The nurnber of erDployee5 whose annual retnuneration wa5 more than £60,(th 15 as follows..
2022
Number
2Q21
Number
Mana8ement
Contributltsns rotalling £240012021.. £24001 were made to defined contributlon penslon schemes on behalf of employees whose
ernoluments exceed £60,1M.
li
TaxatlDn
The company Is re815téred as i charity with HMRC under ref@rÈntE XR83441.
15-

SUMMER MADNESS (NI) LTD
IA COMPANY LIMITED BY GUARANTEE)
NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2022
TahRlble flxed asseis
Plant and
•qulpmènt
FixtuM$ and
flttlng$
Toial
Cost
At l January 2022
Addition5
7,150
1,414
10,000
17.150
1,414
At 31 December 2022
8,564
10,000
18.564
DepreElatlon and irnpalrment
At I IAniJary 2n22
Depreciation tharged in the year
ifl.flnr)
1.3.fifsn
1,226
1,226
At 31 Decernber 2022
4,886
10,000
14.886
Carrylw amount
At 31 December 2022
3.678
3,678
At 31 December 2021
3,490
3,490
Debtors
2022
2QZI
Amounts l•llln¢ du• wlthln on• y••r:
other debtors
6,878
350
6.069
350
Prepayments and accrued income
7,228
6.419
CredltDrs: amoun15 falllng due wlthln oneyear
2022
2(21
Other taxation and social security
othcr ¢r¢ditors
1,031
399
1,554
275
Accruals and deferred Income
ii,ioo
8.125
12,530
9.g54
16-

SUMMER MADNESS (NI) LTD
IA COMPANY LIMITED BY GUARANTEE)
NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2022
Deferred In¢orne
2022
2QZI
Arisin8 from M3dApp support:ontract income
60,000
Deferred income is included in the financi315tatements as follows..
2022
2Qll
Deferred Sncome 15 Included wlthSn'.
Shown as deferre¢ Income on the face of the balance sheet
60,000
Movements in thE YEar'.
Deférrtd incomè * i january 2022
Resou'ce$ delerred in the year
60,000
Deferred income Ot 31 De¢ember 2022
60,000
Service contract I￿oMe received For the 3 year period 2022 to 2024. Income relating to 2023 and 2024 has been deferred to be
released in these futurt a¢countlng periods,
Retiremènt benefit schemes
D•lln•d conirlbution s¢h•m•s
The charity tsperaies a defined cgntrlbutltsn pen5i0n 5¢heme in respect Ul Its CEO. The a$5ets ol the 5¢heme are held separately
from those ol the charity in an independently administered lur)d. The pension cost char8e represents contributions payable by
the charitable cornpany to the fund, amounted to E2,40012021.. £?,4(￿) and wÈre char8Èd to unrestrl£ted funds.
The chorltable compony c¢ntlnued to pay into a defined ¢¢ntribution pension plan in respert ol one ol its other employee5. The
arnount reco8nised as ari expense in the year was E696 in respect of it5 Own Eontribution12021.. £4681, char8ed to unrestricted
funds.
17-

SUMMER MADNESS (NI) LTD
IA COMPANY LIMITED BY GUARANTEE)
NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2022
17
Restritted funds
The income funds ol the charity include restrirted fu￿5 comprisin8 the following une¥pended balan¢es of donations and grants
held on trust lor 5pecili¢ purposes..
Movemeni In funds
lTrcomlng
resources
Ro$ourco8
expondod
Transf8ri
8al4n¢o •t
l January 2022
Rfjfiourcos
exwndod
TMn8fer8
8al•nco At
31 December
2022
EA Youth
Servi¢e- Youth
App5 funding
EA Youth
SÈrvice- TBUC
127,314
l>O,IQOI
77,214
110,3781
9,970
76.406
Camp
Pro8r4mme App
FundinE
EA Yourh
Servlce. 2021
Festival Grant
9,570
9,570
19,5701
62,IW
160,22SI
11,8751
EA Youth
5ervice-
Restricted
Tan8lble Assets
1,875
1,875
16251
1,250
198,984
IILO,3251
88,659
ILI,0031
77,556
Oesllnated funds
ThÈ income funds of the charity include the following designated funds which have been set aside out of unrestricted funds bv
the rru5tees fer 5￿cl11t purp05es'.
Mcvement
fund5
Mo¥ement In
fvnds
Incoming
Bal*nc• at
r8eour¢o8 1 January 2022
Incomlng
r8$ourc•9
Balanc• at
31 Docombor
20Z2
1 Jarnuary 2021
Desi8nated Fund.. Permanant site
5,000
5,IK)O
5.ODD
5,000
5,rKIo
5.000
The above funds have b?en de5ign3ted to 35SlSt the Charity in finding a permanent site.
18-

SUMMER MADNESS (NI) LTD
IA COMPANY LIMITED BY GUARANTEE)
NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2022
Analysis ol net assets between lunds
UnrestrktedRestrl¢ied lunds
lunds
Tot•1 UttrestrlttedRestrlrted fuhds
fvnds
Total
2022
2022
2022
2021
2021
2QZI
Fund balances at 31
December 2022 are
represented by".
Tan8ible assets
2,428
126,125
1.250
76.406
3,678
202,531
1,615
192,692
1,875
86,784
3.490
279,476
Provisitsns and deferred
income
160.OCK)I
160,0(DI
,SS3
77,6SS
146,209
Ig4,307
88,6S9
282.g66
Related pnrty transa£tlons
The total amount DI donations without conditions rectived from ttustees, theii immediate families and those entit*5 in whiih
they have a signifi(ant interest wa5 £10,8(Q12021,.£11.0501.
Th• tki*rltable eornpany octupi•s offlcls own•d b¥ a comp*rty controlleij by Dolwiy John￿0￿, Trust••of th• Board of trust••i
and is charged a rnonthly rent of £300. None of the annual charge was walved durlns the year12021.. £1,5tK) was walvedl
19-

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the Companies Act 2006.