Charlty reslstratsoh humber NIC104975 Company r¥istration number NIO55719 INorthern Irelandl SUMMER MADNESS (NI) LTD IA COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
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 ompany number N105S719 Re815tEred offir• The Cyrll Johnston Complex Balldnahinch Road Carryduff Northern Ireland BT8 8DI Indeper*dent examlner Moore Branlff 2 8ee¢hill Busine55 QBrk 96 Beechill Road Belfast Norihtrn Irèland 6T8 7QN Bankers Ulster Bank Conn5water Branch Arche5 Retail Park Belfast Norrhern 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 DIREcfoRS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present their annual rewrt and financial 5tatement5 for the year ended 11 December 2023. 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 Summer Madness exisis io enihuse, equip, and en8a8e the youth and young people of Ireland in their Chrisrian faith so that they may be rRal chan8e-makers in their churches and cornrnunities across the island. The principal object ol rhe compan'i 15 or83ni51n8 the Sutnmer Madness Christlan summer conferÈnte. Our alm Is to suppori young people as they InteErate Ilfe and work faith In ways that beneflt society morewidely in improving their Citizenship and social spOnsibl11t¥. Surnmer Madness iuns Ifeland's largest Christian youth ewent. The camp was started by Church of Ireland Youth Department over thirty years a81> Ind now aflratt5 UP to 2,QOO v151tor5, rnany of whorn camp on 51te lor ihe duralion of the conference. It Usually take5 place on the first weekend of July and runs frorn Friday to Tuesday and, for five year5 has been held at Glenarm Estate. Northern l-eland. In 2020 the camp w35 cancelled lor the first bme due ro Covld restricriDns. In 2021 we Drganlsed a very different styl@ of festival wlth Ilmitatlons cn numbers and attlviti&. In 2022 we re.located to a sitt In Port¢lenoNe, Arazing farmland within the beundariès ol thè contemplatlve Cistercian coTnmunity at Our Lady of 3ethlehem Abbey111 B-llymena Po8d, Portglenone, Ballymena, BT44 86LI. In 2023 we reiurned to the monastery grounds In Portglenone and are beginnin8 to feel very much èt home there. The 8rowin8 r21ationship wlth tht monasttry and Brothtr A*lrtd (soon To bt Dom A•lredl, who lèads is already preeiobs enough to btlleve therè uld be a fjod-purp05e at work here. 'Make it easier to or anise and make it easier ro attend. This 15 John Kee's mantra for hi5 five-vear plan. We are about two years in. There have been si8nificant developtnents in 2023. The Board members all have detlnable roles through 1he year and at the festlval. The team leaders are all.year-rounLI Involved and are adoptlnÉ processes for recrultlng and repla¢lng themselves (when It happensl. The 'silver 5erver5': a growing bènd of 5erni- or lully retired volunteer5 8ivin8 of their expert15e frorn theii working lives. They are making a huge contribution to adrnin, management, or8ani5ation,108isrics, 3ThJ getting the work done. Madapps is now a signillcanr resource to camper$ before, durlnl and alier the festival, Youth groups may also use the app cgrporètely. The Ooard and Team Leader5 a150 have acce55 to relevant area5 of pollcy, rotas, guldeline5 and tralnlTr8. Much credlt is duE to the sma I team who develop and maintain tpis diÉital resouiie. Finance/fund-raising conlinues to be challenging. The Pancake Parlez la pancake breakfast in Vicryn, 1005ely around Shrove Tuesday) created a buzz among potentlal funder5 and other Yourh Ministry le?ders, Thls will become an annuil eveni. sharin8 the vision and the opportunities. The financial statement reflects some of the income that came directly from that event. We are one year closer to tfre end ot thè lease on the ground we now use. Sprlng 2025 is the iarget. Conversatlons wlth the mon8Stery and the farmer are slow but Boing in the best direction. The ftr5tlvol camping infra5trutture continued t¥ ¥row In term5 of the eampers. Gatherfn8 8r¢ups Into >ubeamps wlth Bathtrring and caterin8 facilities has drarnatically irnproved the campin8 pa55ibilities lor many 8roups. This can only get better ènd more used by groups ol grDUPS. The Constitution has been r•.examin•d fer thè first tlmt sinct w• bttamé a company120061. A refresh on the otsj•cts to brln8 US in line with other youth ministries and ¢harities will be presenied to the Charities Commission in Z024. The aim is to keep our5elve5 true to the original vision whilE a150 keeping the company described in lan8uage that relect5 a Ihangin8 culture ol church and strcioiy.
SUMMER MADNESS (NI) LTD IA COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2023 There are negatives that we should have the coura8e to mention as well. There arè alternativè carnpslfÈstivals appèaring In thé summèr talÈndar. DelieatÈ discussions have h2ppened btst are from ovèr. Some team leaders have expressed their time may be drawing to a close. • P05t<ovid volunteering ha5 alfected many charitie5 and churches. Finding the correct number of leaders for a carnping group 15 difficult for many 8roups. Summer maclness is not independent from their pro8re55 and re-growth. Carnpin8 15 not "cool. In every youth leader's experience or pro8ramrne. Thu5, the need far u5 to make it"ea5ier to attend" Statement of Complianee The tru5tpe5 have paid due re8ard to guidance issued by the Charitv Commi55ion in deciding what activitlES the charity shauld undertake. Achlevements and performance This year's Festival was our second Year p05t-pandemic and saw the ongoing development of the Portglenone 51te. Accessto and around the site before, durln8 and after the festlval have been improved. Lane surfaces have been stoned, 8ates widened, one-w3¥ systems In Flace and better s18na8e. Summer Madne55 has r?-located a few times In the past, sowe know about measured and lonler-terrn developmenl and resour¢es. The lo¢atlon ¢f the Villa8e, the tlig Topi caterfng. toilets. and car parking have 811 been improved, although we reali5e there 15 always an element ol ready, aim, lire...and then re35sess, Numbers a150 increased again taking the festival to closer to 2,000 people partlcipatin8. The Festival theme was Power To Change. As 3lw3VS there are dlfferent perspective5 that we hope our 5pe3kers wlll develop- power tD èe ¢hanÉed and pow•r to bè change-makers. The Mainstage speaktrs were Pippa Baker Ion Hope Prolectl, Rathel Gardner IYoulhscaF)el, Esther Swallield Ilnternational Justiie Ministri&l, Ind Ken Coster Iwoodvale Church). We also had rapper Guvno B biingin8 hi5 Dwn take on the life ol faith in a challengin8 world5cape. eroader reflections., The festival has a dlrect Impact Dn Indlvlduèl lives., and that15 at the hearrof what we do fgr Sure. But il's not rhe whole story. We hsve come to recoAnise Ihai Madness can act a5 someihing of a beacon or catalysi wiihin our socieiyl comfflunities and the Church at laige..,providing a Sign ol God'5 activity in the world and a svrnbol of hgpe lor the nex¢ generation. We are not the end, but rather one of the means. We are here to support rhe local church and loc31 VOLlth gr(MJps that reach Dut to young people throughout the year. Wle can see how thurches and youth 8roups are Invigorated and renewed rhrough Ma(Jness. The chiirrh 15 (Indoijbtpdly th hopp of thp world, hLJt a chLltch wiihoiit a vibrant yo(Jth Mirtistr¥ is iinlikply to erowirte artd mLiltiplyine, mmer Madness really doe5 oper3te on the basis of partnerships with many or8anisations and agencie5 and has built up the rÈlationships amongst thE Youth ministry community. We have a huge input and support from Youth For Christ, Crown Jesus Mlnlstries, the Hub Chaplalncy, TearfuThd, IJM, Youth Llnk, 24-7 Prayer, Street Pastors, Salt Factory 5port5 and the Bl8 House. Fln•n¢lal r•W Ihe Financial Statement5 deal with all the incorne and expenditure of the charitable cornpany, a5 well a5 its financial p051tion at the year end. The results for the year and the financlal posltlon were considered satisfactory by the trusteÈs. Af 31 0ecet))ber 2023, 10131 tharity tunds were £72,96612022'. £146,2091. Prlnrlpal fundlng 50urres and hDW they support key objecllves For our ongoin8 work we are funded by ticker sale5 ai fe5tiva15, regular mDnthly donors, one-off donation5, tax refijnds on 8ilt aided donatlons and grant supporr from Publlt bodlÈs. For special woiects we sèek fundin8 from SUPPDrtive org3nisations and Individuals. In previous years the charity received Education Authority Funding in relation to the MadApp. As agreed with the Authority unspent monies received totallin8 É66,726 WOS returned duiin8 the year to the Education Authority. This has been released and accounted lor in the financial 4ratÈmÈnts.
SUMMER MADNESS (NI) LTD IA COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2023 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 nrmr ?n?4 amniinipd rn F7?.9661?n??. F14A,?nqi whlrh IncliJdp% dp%lEnarpd Flind% rjf F4.flrxi for cost5 in relation to the quest for a p¢rmanent site for the annual festial. Plans lor future péilods Over the past four decades the Surnrner Madness Board have navigated many Opportunities and threats in pursuins their mis&ion to pass on the fèith to the next generation. Through times of real community confli£r, Seral re-locations, a massive reduttion in £hurch *tÉndance, a Alobal pandemic and major cultural shifts In attitude5, thinking and worfdviews the'annual 5unYller festlval, has remaln?d faithful and very effeclive tool in reaching young people and inviEor8ting church youth ministry across the country. The lon -term Our 8oal 15 ro rnake Summer Madnes5 easier to organise ind easier ro corne to, 50 that the next generation5 can avail of 5irnilar cpportunities to encounter Chrlst and 8fDW In their falth. There is no dDubt that the landscape ha5 5hifted ma$5ively post-covld wi(h groups struggling to raise up sirnilar cohoit5 olvolunteers is efore and 8enerational expectations around ciealure comfort5- even in the ionleKt ol carnpin8. year. Thls could facllltaie youth outreath pro8raNmes, men's minisrrles, 818 Church Oay Out. style events ènl host Inltlatives that wlll tuild up the (hurch and encourage groups to work together for the sake of the kingdom. The 5U5tainability o15uch project5 becomes mole attainable through 3n appropliate perrnanent inlrsslructure and pluB'n play facilitie5 that awoid the need to re nvent the wheel each year. More next timel siru<turè, 8ovérnanc• and mana8•menf The chaiity is a cornpany limited by 8uarantee and 15 constituted under a Mernorandum of As50ciation dated 24th June 2005 and is rpcognised as a charity by HMRC, charity numberXR83441 and by the Charity Commission tor Northern Ireland, charity nLmber NIC104975. The trustees, who are also the d1CtorS fgr the purp95e of cc¥Mpany law, and wh9 served durinB the ye•r and up to the dote ol signature of Ihe financial 5tatetnent5 were.. Mr D lohn51on IRe51Ened 215eptetnbEr 20231 Mr F Mcmorrow Rev Adrian Mccartney Mr O Wi150n Mr5 R Alderdice The Venerable B Forde Mr J Hayes Mr C Lockhart (Appointed l Novernber 20231
SUMMER MADNESS (NI) LTD IA COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2023 As required on ad hoc ba51S the trustees discuss iie appointment of potential new trustees for appointment to the Board. Suitable reoplÈ are approached and If they ar willing to serve on thÈ board thÈir nomlnations is ptst forward for approval by the Board. ThÈ trustee$ are appoinied for three years and are available for re-election. Ntiw members re1ve the relevant goveming docJments and the annual financial repoft. In practic all trustees Stand lor re-election each year at the AGM. Board development Conor Lockhart Was pfopDsed and agreed as a new Board rnember. He cones arnong us as a former camper ald volunteer at the fpsrival. Hi< profssional tontribLltion wlll be derlvAd Irom his work 38 è b)rrl<ter Wltom. fonor. The chlef executlve oflicer of the charlty 15 Mr john Kee, Choir ol the board of Trustee5 Is Rev A M¢Cartney and Honoiary Treasurer Is Mr J Haves. The Board ol Trusi••$1s r•sptsnsibl• lor all aspeffls of Corpor* g•v•rnanc• wllhln rh• eharlTabl• Company. It m••ts a minin)um of SIK times a year lo define and a8ree strategic priorities for the charity. monitor pro8ress and review the resources available to sustain the charitable company, The day to day running DI the char((v 15 carried out by the Chief Executive. John Kee. Risk management The trustees have assessed the major risks, to which the Charity is exposed, in particular those related to the operations and finance5 of the charitablè company. The trust&Èsare satisfied that systerns are in place to mitigate any exposure to major risks. Publ1¢ Benefit slaternent Tr114teè5 liavÈ comDlipd with thÈ dLltI' ttr havÈ reEard to thÈ Charity Commi5sithn for Ntsrthern Irèland's Statutorv euidancÈon thÈ piiblic tenefit requlrement, Issued under the Charities Act INorthem Irelandl 2008. Closln¥ comrThents me people just cannot be overlooked and should be named leven thou8h they will hate rhisl. Oarren Wilson ènd his work in developing the 51te. There Is no obst¥le that cannot be moved or re-shaped. Along5ice hlm, when It comes to ralslng the-.ent5 and building the ¢amp, Stephen McKinty is uneoualled. And back, hidden away in the ollice, the voice of an angel on that phone constantly- Anne Shield5 As you continue in thi5 report you will come to the financi31 report. prepaied lor us by Alan Moore of Mooie Braniff. Alan's annual commenr io u5 annually Is that James Hayes prepares the a¢counrs beautifully and accuratelyl On top ol all DI them we need to a8èin thank John for vision. drive, ener8y. creativity and the simple commitrnent to keep doin8 this year afier year. You are all much appreciated and admired. There 15 a phalanx ol volunteers, te?m leaders, Board members, yuuth leaders..th¢r¢ Is no Summer Madne55 festival withc)ut all ol them. Thank you. Ar our last AGM In 202315tared rny Inrentlon to step back from the Board and the role of Chalr. Avoldln6 wririn8 my own eulogy here, let me say if has been a great ¥vee journey wlth you lor many years. And don't pani¢, I wlll still be In'siafl catering,. The trusiees. report was approved by the Board of Trustees. Rev Adrian Mccartney holrman 26 Septembei 2024
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 21123. 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 Since the charity's gross income e%ce*ded 1250,000 your examln•r must be a member of a body listed in section 65151 of ih• 2008 Art. I conflrm that l am qualifled to undertake the exarnination because l am a member ol Chartered Accountant In Ireland, wh1h is one of the listed bodles. I have compleled my ekamination. I confirm that no rn?tters have cgme to my attentlon In Connection with the exarnlnation glving me cause to believe that in any rnateiial ie5pect'. 3ccounring record5 were nor kept In respect of the chadty as requlred by sectlon 386 of the 2006 Act. or the financial &taternents do not accord with those recorf5' or the financial statements do not ccrnply with the accounting requirements ol section 396 01 the 2006 Act other than any requiremenr rhat the a<counts 8lve a true and falr view which Is not a matter cwsidered as pari ol an independent examinarlon., or the finincial 5tatement5 hive not been prepared in accordance wlth the methods and principles of Ihe Statement of Recomfnended Pr3Ctice far accoLJnling and rEportinE bir charitips applicable ta chaiitlES preparing theii 3CCDunts in 3ccoidance with thè Financial Reporting Stèndard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come au055 no other matters in connection with the exomination towhich attentlon Should be drawn in this report in order to enable a proper understanding of the financial statements io be reached. Moore 8ranlff 2 Becchill Bu5ines5 Park 96 Beechlll Road BT8 7aN Northern Ireland Dated.. 17 September 2024
SUMMER MADNESS (NI) LTD IA COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unresirkied Restrlcted Ttstsl Unrestrlcted Restrlcted Total fund5 funds funds fund5 2OZ3 ZOZ3 2013 zozz 20Z2 2QZ2 Note5 Ih¢ome from.. Donations and le8acies 147,691 137,594 24,413 147,691 137,594 24,4J3 86.312 121,680 17,087 86.312 121.680 17.087 Total in¢ome 309,698 309.698 225,079 225.079 Expendlture on.. 315,033 67,908 382,941 3>0,833 11.0)3 361.836 Total ?xpendlture 315,033 67,908 382,941 330,833 11,003 361,836 N•t •xpendltur• 15,3351 167,9081 173,2431 1125,7541 111,0031 1136,7971 Transfers between funds 9,123 19,1231 Net movement In lund5 3,788 177.0311 173,2431 1125.7541 IIL,0031 1136,7571 R•conclllatloTh of lunds,. Fund balancE5 at l Januaiy 2023 68,553 77,656 146,209 194,307 88,659 282,966 Fund b4lances at 31 Oecember 2023 72,341 625 72,966 68,553 77,656 146,209 The 5tatemeDt of financial activitie5 include5 all 8ain5 and105!es reco8ni5ed in the year. All incorne and expendituie derive from
SUMMER MADNESS (NI) LTD IA COMPANY LIMITED BY GUARANTEE) BALANCE SHEEr AS A T 31 DECEMBER 2023 2023 2022 Notes Flxed assets 13 1,550 10,921 Tangible assets 14 3,678 12,471 3.678 Current assets Debtors Cash at bank and in hand 15 6,772 96,938 7,228 207,833 103,710 21S,061 Credltors.. amountsYallSry du• wlthln on• y•*r 16 113,2151 112,5301 Net current assets 90,495 202.531 Total a55ets1è5s current Ilabilitl?5 102,966 206,2D9 Deferred Incorn• 17 130.0001 160.0001 Net assets 72,966 L46,209 Inivme funds Restricted funds 19 625 77.656 Unrestricted funds Desi8naied funds General unrestrlcied funds 20 5,000 63,553 67,341 72,341 68,553 72,966 L46,209
SUMMER MADNESS (NI) LTD IA COMPANY LIMITED BY GUARANTEE) BALANCE SHEEf ICONTINUEDI AS A T 31 DECEMBER 2023 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 2023. The director5 acknowledge their re5ponsibilitie5 for complying with 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 26 September 2024 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 2023 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 Charit5 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. Re5tricied lund5 are subject to specific conditions by d?nors or gr3ntors a5 to how they may be used. The purposes and uses DI the re5trlcted funds are set out In the notes to the linanclal 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 2023 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 Intanilble flxed assets L)ther than goodwlll IntallEitJle a55et5 acquired Separately frotn a busine55 are recogni5Ed at C05t are 5ubsequEntly tneasured at ID5t le55 accurnulated amoitisation and accumulated impairment losse5. Intangible assets atqulred on busln•ss eon)binatlons alè reto8nised 5eparatelylrom goodwill at the acguisition dat2 where It is probable thai ihe expected fvlure econoff ic benefits Ihat are 8tiributable to the asset wlll flo¥v to the enlily and the fair value ?f thÈ asset C3n hè rnÈasurpd ielK3bly,' the intarneihlÈ a5%d arisÈ< from ctsntractll3 Dr other 1È8al IlBhts,' and thè intanBiblÈ agsÈt is Separable from the entity. Amort15ation is recognised so as to write off the cost or valuation of assets lesstheir residual values over their useful lives on rhe following bas•s'. Software 25% reducin8 balance L7 TaTh8lble fSxed assets Tangible fixed a55et5 are initially rneasured at C05t and 5ub5equEntly TnEa5ured at C05t or valuation, ne( ol depieci3liDn and any impairment10sse& Depreclatlon 15 recognised so as to write off the c05t or valuation of asset5 le55 their re51dual value5 over thelr useful live5 on the following bases.. Plant and equlpm*nt Fixtui¢s and fittinss 25% straight line or 12.5% straight line 25% reducin8 b4lan¢e The 83in or loss ar15in8 on the disposal of 3n asset is determined asthe difference between rhe sale proceeds and the carryinB value of the asset. and Is retO8nlsed In the statÈment of financlal attivities. L8 Impaimient of fixed ass#ls At each reportlng end date, the charlty reviews the carrying amounts of it5 tanglble and intangible a55et5 to determlne whether the is any indication that those ossets have suffered an impairment loss. If any such indi¢ation exisis. the recoverable amount af the asset ig estimated in Drder to determine the pxtent of thp irrpairrnent1055 lif anvl Lg Cash and cash e41¥alentS Cash and tash equi¥alents include tash in hand. deposits held at Call with banks. Other short-term liquid investments with ori£inèl maturitios of three month5 or loss, and bank overdrafts. Bank overdrafts are shown within borrowings In cuirÈnt liabilitie5. 10-
SUMMER MADNESS (NI) LTD IA COMPANY LIMITED BY GUARANTEE) NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 Ac¢tsuntln8 policie$ Icontinuedl LIO Flnanclal Snstruments The charity has elected to apply the provisions of Setti)n 11 'Basie Finanelèl Instruments. and Seetion 12'0ther FlnJnti31 In5trument5155ue5' of FR5 L02 tD all of it5 finaniial in5trurnent5. FnancIal instruments are recodnised in the charity's balance sheer when the chariiy become5 Partylo Ihe contractual provisions ol rhe Instrument. Finlncial assets and liabilitie5 are tr115et, with the net amount5 presented in the financial statements, when there 15 a legally enforceable right lo set off the reco8nised amounts there is an intention to settle on a net basis 01 to realise the asset and BosltJlno+Trcl&l ussets Ba51c lirnancial asse15, which Include debtors and cash and bank balance5, are Initially measured at transaction price including transaction cost5 ènd are Subsequently cirried at atnoitised r05t U5in8 the effective inteiE5t methad unless the èrr4n8ernpnt consti-.utes a linaKir)8 transaction, where the transaction 15 measured at the present value Df the future receipts discounted at a market raie of Initrest, Flnanclal assets cla551fied 35 receivablE within one year are not zrnortlsed. 8¢5icfvnopcial Irobilities Basic linancial liabilities, including creditors and bank loans are initially recognised at transaction price unless the airangement consti".uies a fInaIng iransaction, whtre th• debt Instrumentls measur•d at th• present value 01 thtfuture payM•nts discgunted ai a market rate ol Interest. Financlal liabilities cl4$5ifled is payable wlthln gne year ore not amort15ed. Debt instrurnents are subsequently carried at amDrtised c05t. U5in8 the ellective interest r3te method. Trad• erditors ar• Dbllgations to pay for goods or s•ri'lei thai bav b••n atquird IN th• ordinary cours• of oprJtlons fram suppliers. Amounts payable are classified 3$ current liabilities if payment is dve within one year or less.11 not. they are presented a5 nor-current liabilities, Trade creditors are recognised initially al transaction price and subsequently measured at amortised cost u$ln8 the efleciive Interest method. Dere¢ogllltlon olfinan¢i#lllatsillties Financlal Iiabllities arÈ derecoBnised whÈn thè charlty's contractual obligations oxplré or arè dischargÈd or cancÈlled. Lll Taxati¢4n As a ¢haritoble ¢omp¥n¥, It15 exempt Irom tax (>n Inc¥me and galn¥ tu ihe extwt that these arg appll¢d to 115 ¢harlt¢bl¢ oble¢ts. L12 Employee benellts The lost ol any unused holiday er)tiilernent 15 reiognised in the period in which the efflployee's service5 are received. Termination benefit5 are recognised imrnediately a5 an expense when the chanty is demonstrably committed to terminate the employment ol an employee or to provldeterminatlon benefits. L13 Retlrement benef$ Payments to defined contribution retirement benefit s-hemes ère charged a5 an expense as theyfall due. 11
SUMMER MADNESS (NI) LTD IA COMPANY LIMITED BY GUARANTEE) NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 Critlcal attountlnÉ esiimates and judgements In the application of the charity's accounting policies, the trustees are required to make judgements. estimates and assumptlOn5 about the carryin8amount of assets and118bilities that are not readily apparen-. from othersources. The esrimates and associared asSUrnPtions are based on hlstDriral experience and other factors th3t are consdered to b@ relevant. Actual results rnay differ from these e5tlmates. The e5tiinate5 aiid underlying a55umptions are reviewed on an on8oi1)g basis. Revision5 to accountin4 e5timate5 are i-ecosiiised in the period in which the estimate 15 revised where the revision affect5 only that period, or in the period of the rEV15ion and future periods where the revision affects both current and fuiure periods. Income from donailons and leKacl•s Unrestritted funds 2023 Unrestricted fund$ 2(22 Donatlons and 8lfts Grants 145,480 2,211 84.262 2,050 147,691 86.312 Grant funding reieived include5 8OVErnrnent 8rant5 in ihe abDve figure5 atnouDting to £Z,21112022.. £5751 In¢onx from chadt•bl• actlvltl•s Ullrestrlrted funds Unrestrl¢ied funds 2023 2QZ2 TlckÈtsales MadApp Other incom 106,08S 30,000 1,509 91,554 30,QCQ 126 137,594 121.680 12-
SUMMER MADNESS (NI) LTD IA COMPANY LIMITED BY GUARANTEE) NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 In¢ome from fjthertradlng adivllies Unrestrlcted fvnd$ 2023 Vnrestricled funds 2(22 Sale of merchand15e 5,708 18.705 3,703 13,384 Exhibi-.ors and looj vendors Othertrading activities 24,413 17,087 All of the above relate to unrestricited funds. Expendlture on charltable artlvltles Charltable Madapp a¢tlvltle¥nspentlundlng Total Charltable actlvltles 2023 Z023 2023 2(22 Olrect co$t$ Conferencei programme ccrnpliancè, site & logistics tosts 214,218 214,218 219.429 GroDt fundln8 of octlvltle" 4ee note 71 66,726 66,726 Share of Support and governznct co$ts15ee note 81 Support Gover)ance 100,929 1,066 ICQ,929 1,068 141.387 1.020 316,215 66,726 382,941 361,336 Analysis by fund Unrestricted funds Re5tri(ted fund5 315,033 1.182 315,033 67,908 350.833 11,OD3 66,726 316,215 66,726 382,941 361,836 Grant5 payable Madapp unspernt funding 2Q23 fjrarnts returned11 grantl.. Education Authority unspent funding returned 66,726 13-
SUMMER MADNESS (NI) LTD IA COMPANY LIMITED BY GUARANTEE) NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 fjrant5 payable Icontinuedl The charity previously received iestricted lundin8 frorn the Educatw)n Authority in relation lo development ol the Nqadapp. The project has been cornpleted and during the year É66,726 of unspent funding was returned in accordance with the letter of offer from the Authority. Support costs Support w$ts fjo¥eMance costs 2023 Support costs Governance costs 2Q22 Staff tosts DeprecSatlon PromotlDn 61,331 2,957 S,S99 4,585 658 61,331 2.957 5,599 4,535 658 87,335 1,226 266 87.335 1.226 266 Travel & subslstenct 2,&24 140 2,634 140 Tr3inin8 2,070 2,070 1,561 1,450 893 1.561 Inter-agency collaboration Prof•ssional Itts 1.450 893 Rent & rates 4,212 809 4,212 5,535 526 86 5,535 526 86 Telephone cost5 Postage & carriage Statien•ryi prlntlnd, offlce equipment IT cosis 1,669 2,724 4,080 1,105 9,123 1,669 2,724 4.080 I,ios 9,123 1.068 1,324 1,940 1,720 764 1.324 1.940 1.720 764 Subscriptions Bank chaiEe5 MadApp malnten2nce costs Examin3tion and audit fees 33,997 33,997 1,020 1,068 1,020 100,929 1,068 101,997 141,387 1,020 142.407 Analysed between 100,929 1,068 101,997 141,337 1,020 142,407 GoveriancE COSt5 include5 paytneDt5 to the independent examineT ol £1,06812022- £1,020) lor sccounl compilation and independenr examination lees. Net movement In fut)ds 2023 2Q22 Net movernent In fund5 15 stated after chargingllcredldngl Fees payable to the Company's auditorforthe independent ex8mination/auditof the company'5 financial Statements Depreclation of owned tangible fixed asseis Amortisation of iniangible assets 1,068 2,440 517 1.020 1.226 14-
SUMMER MADNESS (NI) LTD IA COMPANY LIMITED BY GUARANTEE) NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 Trustees NDne of the trustees lor any persons connected with them) received any remuneration or benefits Irarn the charity duringthe year. During the year the trustees were reimbursed for expenses relaiing to the chariiy of É2,444. The charirable cornpany has benefited from the contribution of unpaid general volunteers. Their conrribuiion is not accounted for due tts the lackof a rellable basls of measurement. li trnployee5 The average monthly number of employees during the year was.. 2023 2Q22 Number Number Dlrert. suppori & governance Ernployment costs 2023 2Q22 Wages and salarle5 Social $eturtiy costs Other pen5i0n cosis 57,403 1,083 2,845 81,067 3,172 3,096 61,331 87.335 The total arnouni DI employet benèfits receivèd by key managèrnent personnel was £40,69212022..E60,8381. The intrease in 2022 relates to bèck pay of penslon contrlbutlons owed. The number of employees whose annu31 remunerarlon was more than £60,(W Is as follows.. 2024 2(22 Nurnber Number ManaEement TaxatlDn The iompany 15 re615tered 35 è rharity with HMRC under reference XR83441. 15-
SUMMER MADNESS (NI) LTD IA COMPANY LIMITED BY GUARANTEE) NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 Intanilble fixed assets Softwar• Cosi At L January 2023 Additions- Separately acquired 2,067 At 31 Decernber 2023 2,067 Amonlsatlon and Impalmient At L January 2023 Amoriisa¢ion charged for the year 517 At 31 Decernber 2023 517 Carrylw amount At 31 Decernber 2023 1.550 At 31 Decernber 2022 T•n8lble fbx•d •ss•is Plant e4ulpment Flx¢uru anl fltlln98 T¢l•l Coit At l January 2033 Addltlons 8,564 9,683 io,(xx> 18,564 9,fi83 At 31 DÈtèmbèr 2023 18,247 io.oryj 28.247 DEpreriation and ifflpairment At l January 2033 Depreciaiion charged in the year 4,886 2,440 iO,(XK> 14,886 2,440 At 31 Decernber 2023 7,326 io.c 17,326 Carryiw amount At 31 December 2023 10,921 10,921 At 31 Dotomber 2022 3,678 3,678 16-
SUMMER MADNESS (NI) LTD IA COMPANY LIMITED BY GUARANTEE) NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 Debtors 2023 2Q22 Amount5 falllng due within One year: Other debtor5 6,772 6.878 350 Prepayments and accrued inccme 6,772 7,228 Credltors: amoun15 falllng due wlthln oneyear 2023 2(12 Other taxalion and socSal securlty other creditors Accruals and deferred income 1,064 1,021 11,130 1,031 399 Ii,IIK> 13,215 12.530 17 Delerred Income 2023 2122 Arising trorn MadApp support:ontract income 30,000 60,0 Deferred income Is Included in the financi81 statement$ as follows.. 2023 IQZZ Deferred income is included within.. Shown a5 deferrec income cn the lace of the balance sheet 30,000 60.OC() Movements in the year,. DelerrEd incotne at I january 2023 Released Irom prevlous periods Re5DU'ce5 deferred in the year 60,000 130.0001 60,OIX) Deferred Income at 31 December 2023 30,000 60,0 Seivice contract Iome received for the 3 year period 2022 to 2024. Income ielating to 2024 has been deferred to be released in these future accountin8 period5. 17-
SUMMER MADNESS (NI) LTD IA COMPANY LIMITED BY GUARANTEE) NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 Retirement benelit schemes 2023 2Q22 Dpfined COTIbution 5ch?m Ch3rge to profit or loss in respect of defined contribution schemes 2,845 3.096 The charlty operat?5 3 deflned conrrlbutlon penslon scheme In rpect of Its CEO. The asset5 of the schem? are held 5eparatsly from Ihose ol the charity in an independently administered fvnd. The pension Cost charge represents ¢ontributions payable by the charitable cornpany to the fund, amounted to £2,40012022.. £2,4) and were charged to unrestricted lund5. The charltable company contlnuerj to pay into a delined contribution pension plan in re$p•ci of one ol its oih*r imployées. The amount recognised as an expense in rhe year was E546 In respect of Its own contriburiDn12022.. f 6961, charged to unrÈstrlcted funds. 19 Restricted funds The restricted funds of the charity comprise the unexpÈnded balances Df donèrions and Brants held on trust 5ubieci to speciflc eondititsns by donors ès to how théy May be used. At l J•nu•ry 2023 Tranil•rs At JI D•t•mb•r 2QZJ expended EA Youth Service- Youth Appsfundin8 EA Yoyrh 5ervl¢e- Restritted Tanglble A55et5 76,406 1,250 167,2831 16251 19.1231 625 77,656 167,9081 19,1231 625 Prevlous year.. At l January 2022 Resource5 •xpende Transfers At 31 December 2Q22 EA Youth Service- Youth App5furidin8 EA Youth Service- TBUC Cimp Programme App FundinE 77.214 110.3181 9.570 76.406 9,570 1,875 19,5701 EA Youth Service- Restricted Tanglble Assets 16251 1.150 88,659 111,OD31 77,656 18-
SUMMER MADNESS (NI) LTD IA COMPANY LIMITED BY GUARANTEE) NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestrlrted funds The unrestricted furids of the charity comprise the unexpended balance5 of donations and giants which are not subject to specific condiiions by donors and 8raniors as ro how they may be used. These include designated funds which have been set aslde out of unre51rirted fund5 by the truste@s For Specific purp05e5. At ljanuary 2023 Incomlng resources Resourtes expended Transfers At 31 December 2QZ3 Designated Fund.. Perfflanant site General lund5 s,000 63,553 5,OCQ 67.341 309.698 1315.0331 9,123 68,553 309,698 1315,0331 9,123 72,341 Prevlous year: At ljanuary 2022 Incomlng Resour£es •xp•nd•d Transler5 At 31 December 2Q22 Dtslgnatèd Fund.. Perrnanant sltt General funds 5,000 189,307 5,0 63,553 225.079 1350,8331 194,307 225,079 1350,8331 68,553 The above funds have been de5iqnated to 35SlSt the Charity In findine a permanent site. 21 Analysis ol net assets bètween funds Unre5trfcte Ae5trkted Totsl lund fund5 1023 2023 2QZ3 At 31 December 2023: Intangible fixed a55et5 Tangible agsers I,sso 10,296 90,495 130,OWI 1,550 10.921 90,495 130.0001 625 Provigion5 and deferrèd incorne 72.341 625 72.966 19-
SUMMER MADNESS (NI) LTD IA COMPANY LIMITED BY GUARANTEE) NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 Analy515 of net assets between funds Icontinuedl Unrestrlcteé Restrbcted Totsl funds fund5 2022 2022 2Q12 At 31 December 2022: Tangible assets 2,428 126,125 160.OCK>I 1,250 76,406 3,678 202.531 Iso.0001 Provisions and deferred incorne 68,553 77,656 146.209 R•lattd party transartlon$ The total arnount ol donarion5 Wlthout condition5 recEived Irorn tIU5tees, their irnrnediate larnilies and those entitvés in which they have a sisniflcant Interest was £9,61K)12022..£10,80DI. The ctriaritable cornpany occupie5 office5 Qwned by a company conirolled tyy Dolway John51on,Trustee and is chor8ed a monthly reni 01 £300. -20-
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