Cornpany re8lstratlon nurnber NIO55719 SUMMER MADNESS (NI) LTD IA COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 SUMMER MADNESS (NI) LTD IA COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr F Mcmorrtsw Mr D Wilson Mrs R Alderdice Dr J Russell The Venerable B Forde Chairman Mi l Hayes Mr I Currie Treasurer Mr C Lockhart Resi8n¢d 2310912035 Charlty number NIC104975 Company nufflber N1055719 R•g151•r•d offic• The Cyril Johnston Complex B￿llynah1ncb Road Carryduff Northern Ireland BT8 8DJ Ind•p•Nl•nf •xamln•r Moore Branifl 2 eeechill Business Park 96 Beechill R¢ad Belfast Northern Ireland 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 2024 The trustees present their annual rewrt and financial 5tatement5 for the year ended 11 December 2024. 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 Surnmer Madness exists to enthuse, equip, and En8a8e the youth and youn8 people of Ireland in their Christian laith 50 that they rnaybe r2al change-makers ir) their churchesand communities acros5 the i51ènd. Revlslon ol Mèmorandum and Artlclés olAMotlitlon to advan¢• charltabl• purpose and publlc benlflt ID du24 the Btsar(J of summer Madnes5 revised and updated Ils Mernorandum and Articles of A550Clalion In three key areè5'. a. In keepins with the 8rowth ol Summer Madness and In 31i8nment with other comp3r8ble Christlan or8anlsatlons workin8 with youn8 people. the Object5 01 the compir)y were enhanced to adv3nce the Christi￿n rdi8lQT) 4nd to promote the holistic benefit of young people so as to deveknp thelr spirltual. social. physical, mental, envlronmental and educational tapaciti•s tfvat théy ma'i grew as individuals and mémbèrs ef sotlety, b, Whilst the primary actlvlty of Summer Madne$51s Its annual festival, held ordlnarily between the last Frlday of June ind runnin8 to the followin8 Tuesdayj we currently oiganise and work with other or8ani5ations to prornote 8atherin85 lor youn8 people throughout the year, and our Anicles were amended to reflect thi5. c. 5ummtr Madness be8an as a minittry OF thÈ Church of Irelanej Youth Department, wlth the first lestival held in 19B7, 'iet grew into an independent charltable company, intorporated In 2005. In keeplng wilh Its origins, one-half ol the Board members had to be communicai)t members ol the Church of Iiel)nd. In 2024 we revised this to 01)e-fifth, retaining that link with OLr roots whilst recognising th3t we n?w seive, 3nd are served bvi young people. volunteers. 5t311, and directors frorn across the spectrum of Christian denominations ènd communities. Statemeff l of Cornpll•n¢e Tlie trustees have paid due règard to guidancè issuèd by the Chèiity Commission in dèciding what activit1È5 thè charity should undertake. A¢h1evements perform•n¢e mm¢r Fostiv•l 1024 Far the third year runnin8 the annual festival took pl&ce in Partglenone, in the larmland within the boundaries ol the conternplative Cistercian £ommunitV 31 Our Lady el Bethlehem Abbey 111 8allyrnena Road, Poriglenone, Ballymena, BT44 88LI. The relationship tetween Summer Madness and thé monastery Is growlnÉ, and wlth evèry passing yebr v4È h3we been able to upÉrade and adapt thé use ef, and facllities at, the site to continue with one of our core objectives- maklng the f?stlval easier to or8an15e and easier lo attend. We were greatly encouraged to see an upward trend in numbers attending, including 3 considerable number of young peopl& corning from over5ea5. In 2024 WE h05ted ¥rouk15 fro￿ France, Poland, It3ly, and Spain assocloted with the Koinonla movetnent, 3lon¥ vdlth several lar8er parties from the USA. A5 alway5, leader5 from across the denon)inational specrrum particlpared adding to the dlver5Ity and glDb31 reach of the testlval. This ne¢essltated the use of technology for interpretalion purposes, and we look forward to seelng how this develop5 in years to come. At the primary festival youn8 people were encouraged to enga8e with, and responcl to, the pronotion ol the Christian -aith. This took place through malnsr38É celebratlons. semlnars, debates and discussions. bookstalls, and prornotional activltles of mission a6encies. Ihere was a deditated swrts program deslgned to promote physlcal and mental wellbein8, and a ran@e of sotial events eath evening. SUMMER MADNESS (NI) LTD IA COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCLUDING DIREcfoR'S REPORT) (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2024 We were deli8hted to play host to a number Df visitors from the worlds of both chu'ch and local politics, wrch a particular welcome ro thÈ Dèputy First Minister. Mrs Ernma Little PenBÉllyi who particlpated in an Interview session, along with queitions from thè floor. SintÈ Incepiion, Summer Madness has sought to encourage yOLJn8 people to ei8age construciively Wlih social and political issues, promoting Christian pe4C￿making 3nd peace-bvilding acros5 the political, tribal, and denominational spectrums. Other Evet Ihroughout the year we cor)tinued to develop and share the'madapps, technology- providin8 ￿0Ups with the tools to build their own youth group Apps and curatlng essÈntlal resourtes for local youth ministry. In addition we bulli on the success of the prevlous years, Wlnter Madness events in Dublin allowing youn8 peopl• In the South of Ir•land to ¢atth a flavour tsf thé l•stival and organise groups to '¢ome North, and explore frlendships and parine15hips across the151and. Summer Madne55 Ball and Fundralslrng In October 2024 we hosted rhe flrst Summer Madness Ball In over ten years. Thls was held In the La MDn House Hotel, bringing rogether supporters and advocates of Summer Madness alortg wiih their guests. Around 250 were in attendance for an evenlng ol celebration, good food and fundraising. Storles were Shared of the iole played by Summer Madne55 in the Ilves of young people foi alrnost 40 years. alon8 Wlth the opportunity to Share hope5 and aspiration5 Ivr the 8rowth of Sutnmer Madness in years to ccrne. Fundraisin8 @entrally rtrnalns vital to support and resource ￿nIm•r Madness. Wt arè keen to keep tosts to youn6 peoplè low lor many reason% - sgme farnllie% have Ilmlted means, we v40uld rather have more young people present rhan higher entrance prlces for les5 Fe¢ple, and $0 on. We are grateful to a range of benelact¢r5 and donor5 lor their faithfulness and financial suppoit to Summer Madness cv&r manv Year5, and we seek to be Bood stewards of their generositv. Flnanclal ￿e￿eW The Financlal Statemenis deal with all the income and expenditure of the charltable company, a5 well as its financial p95iilon at the year end. Thp results for the yryar and thp financial po%itian were (Dn5idered 5atisfactary by the tfUSteES. At 31 December 2024, toial charity funds were £74,90712023., £72,966). Prfn¢lpal lundlng 59urces and how they support key oblectl For our 01)going work we are funded by ticket s)les at lesti4ials, regular monthly donors, one-off donations, tax refunds on Bift aided onations and grant support frorn Public bodie5. For 5peci31 woject5 we Seek funding frorn supportive organisations and individuals. ft15ks and uncertalntles The Board continues ro support the need for a 'reserve policty. This would also bring the company in line with the Charities Commission advlce on reserves. 11 is the rJoll¢y of the charity thot unrpstrlcted funds whlch haye not been designated for a specific use should b¢ maintalned at a level equivalent to six rnonth'ssupport C95ts. The tIUStee5 Consider that reserves at thi5 IEvel will ensure that, in the event of a significant drop in lundin8, they will be 3ble ro CDntinue the charity's current acrivities while con5ider3tion is 8iven to Wa￿ in which èdditional funds n)ay be raised. Res@rvÈs at 31 DecembÈr 2024 amounted to [74,90712023.. É72,9661 which Includes dÈsiBnated funds of £5.￿0 fpr cost5 In reldtlon to the quest fDr a permanent slte for the annual fE5tlval. Plans for future perlods Our ¢urrent challen Over the p85t four decides the Summer Madness Board have navigated many opportunities and threats in pu15uing their mission to F355 the filth to the next 8eneralign. Through titne5 of reèl comrnunity conflirt, 5evEral re-locatlQn5, a tNa55ive reclvrtion in churih attendance. a 8lobal pandemic and rnajor cultural shifts in attitudes, thinkinB and worldviews the'annual sumrner festival, ha5 remained a falthful and very effective tool in reaching young people and invl8Dr3tin8 church youth mlnlstry across the ctruntry. SUMMER MADNESS (NI) LTD IA COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCLUDING DIREcfoR'S REPORT) (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2024 The lon -term Our goal Is to make Sumn)er Madness Èasier to organise and Èasier to corne to, so that the next generations tan avall Df slmilar Cpportunifies ro en¢oLJnter Lhrist and grow in their faiih. There is no doubt that the landscape has shifted massively post-covid wilh 8roups struggling to raise up simiLHr cohorts ol volunteers as trefore 8enerational expectations around Creature Comforts- even in the context ol carnpin81 We hope to establlsh a top-class campsite and retreat I festival space that groups and ministries could use at least sim rnonths of the ¥ear. This roijld farilirat* ¥oiith tyLltr*?¢h pro¢ramrn*4. m&n'% miniird of Trustees is iesponsible lor all aspecis ol corporate governance within the charitable company. It meets a rninimum ol six times è year 10 defin2 and agiee strategic priorit1È5 lor the charity, monitor progress and review the resources available to sustain the tharit3ble company. The day to day runnin8 of the charitv 15 carried out the Chief Executive. John Kee. SUMMER MADNESS (NI) LTD IA COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCLUDING DIREcfoR'S REPORT) (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2024 Board Develo ment In SeptembÈr 2024 thÈ role of Chalr of the Board passed from RÈV Adrlan MtC3rtnèi to VÈn. Barry Fordé with the formal retiremÈnt of Adrian from the Board alter many years of $18nificani and vital service. The Board expresses Its tleep graiiiude to Adrian for his service and wise Chairmanship, and remains indebted tD him for his ongoing coMrnitmeNt to Sumrner Madness at the festival itself. The board continues to monitor its finances closely, are ihankful for the year end report, and are revi5in8 and implementing regular management and reportln8 of finances in Order that trustees are fully inforrned on a titDely basi5. Policie5 are agreed and updated annually, and the Feriod of time from 2024 into 2025 saw a revislon of our Safeguarding Policy, seeking to ensure at all tlmes that our young people, staff, and volLinr*er< èr* safe A significant body of operational work is undprtaken by a dEdicatEd Broup ol Tearn Leaders, who execute the delivery ol slte managemenl, venue manègement, the orEanisation of cèmpers, caterin& and all ol the vital operational work of runnin8 the festival. A rigorous Event Management Plan is rÈvlsed 3nnu311y and agreed with the Board and Team Leaders. Program dellvery is supported by main5taRe and semlnar plannlng tèams. along wlth pasioral and yay•r ministry teams. A range ot kèy volunt•er'5 support administration and planning throughout the year Holding thi> all together are the key Staff of summer Madne55- Chief Officer l¢hn Kee and Adrnini5trator Anne Shields. Their commitment. expertise and passion loi Surnmer Madness is of immeasurable and eternal benefit to Summer Madness and by extensioi the 8enerètions of youn8 lives we seek ro reach and serve. During 2024 the Board bEgan to undertake work on the future ol Summer Madnes5. Whilst this 15 prompted by an 3warenes5 that our Chief Officer wlll be retlrin8 at a date thai Is yet to be finallsed, Ihe Board do not See this eierclse as succession plannin8 for one individual, but 8rowin8 the vision and role of SU￿[ner MaLlne55 lor thi5 leneration and the generations to come. The 8oard embarked upon and Is continuing to discÈrn how the shape ol the Board, Team LeadÈrs, Volunteers, and staff, can shaped to Erow 5umrner Madness. and we look forward to brlnglng forward plans and proposals in 2025 and 2026. Risk rnana8ement The rrusiees have assessed the major risks, to which rhe Charity is exposed, in particulèr those related to rhe Dperations and finènce5 of the charltable company. rhe trusteesare satlsfied that sy$terns are Sn place to mltlgate any exposure to maler risks. Publi< B*nofit slat*mént Trustees have complied wlth the duty to have ie8ard to the Charlty Commisslon for Noithern Ireland's Statutory Buidance on the publi enefit requirement. Iss￿￿ under the Charities ￿t INorthern Irelandl 2008. mmary In conclusion, Surnmer ￿ladnesS exists to enthuse. equip and en8aEe the youth and young people ol Ireland in their Christian faith, In turn, the trustees 3re greatly enthused by the growth we are seein8, are seeking to equip ourselves by puttirg into place a 5trare8y and Flan tor growih, and arè wholeh@ariedly en8agèd in pursuing what comts nÈ%t. We bèlieve the Festival Is 8rowinB from strength to sirength and are 8rHteful to 311 who make th15 happen, and Ibove 811, to God who ij able to d¢ Immelsurably rnore thon all we Bsk or The trustees. report w85 approved by the Board of Trustees. The Veneiable B Forde Chalrman 23 Septembei 2025 SUMMER MADNESS (NI) LTD IA COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SUMMER MADNESS INI) LTD I report on the financial statements of the charity for the year ended 31 December 2024, which are ser out on pa8es 6 10 19. Respertivp re5ponsibilltle5 01 charltytru5tee5 and exaffliner As the trustees of the charity land also its dlrectors for the purposes of company13wI you ère responslble for the preparatlon of the financial statements in accordance wth the requirements of Ihe CompanEs A¢t 2006 (the 2006 Actl. Navins satisfied myself thai the finan.ial statemenrs of the charity are not required to be audited under section 65 of the Charities Acl and are eliBible lor indepèndent examination, I report in resP&Ct ol my examination ￿ the charity's financial s-.aternents carried Dut under sÈction 65 DI the Charities Act 2008 Irhe 2tK18 Act). In carrying out my Èxamin3tlDn I have followed all the 3pplicable DirÈctions Eiven by thè Charity Commlssion Nollhern Ireland under section 6519llbl of the Charities A¢t 2008. 8asl$ of Independent examlner'$ report I have examined your ch3riry financial statements as requlred under settlon 65 of the Charltles Att (Northern Ireland) 2008 and my e¥amlnation wa5 carried out In accordance with the general Direction5 given by the Charity Comrni55ion tor Northern Ireland under sectlon 6519llbl of rhe Charltles Acr, The examination IncludeJ a revlew ol the accounting records kept by the charity and a comparlson ¢f the finantial 5tatemen15 presented with those records. It a150 included coiisideration ol any unusual item5 or disc105ure5 In the financial staiements, and seekin8 explanaiions from you a5 charily trustee5 concernlng any such matters. My role 15 t9 State whether any material rn?tters have cgme (o rny altenlh?n givlng me ciuse to belleve that.. I. AEcounting re(vrds were not kept in accordance with section 386 DI the Companie5 Act 2006,. DI 2. The linaDci81 stsrements do not accord with those a¢couniin8 records., or 3. The financi31 statement5 do not cornply with the accountin8 requirement5 015ection 3% of the Cornpanie5 Act 2006 and with the methods and prlnciples o- the Charities Sf3temeni of Recomrnended Practice appllcable to charitles preparlng thÈir financial stotemenis in accordance wlth the Flnancial Reporting standard applicable In the UK and Republic of Ireland IFRS 1021. or 4. There is further information needed for a proper understanding ol the financial staternents to be reached. Indeperbdent examiner'sstaiement Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed In seition 65151 of the 2008 Att. I confirm that l atn qualified to undertakE the exarninatlDn because l arn a member ol Chartered Accountant in Ireland. which 15 onE of the listed bodies. I have completed my examlnation and I have no concerns in respect of the matters111 to141 Ilsted above and, In connection with followlng the Direcrions of ihe Charit'i Commission for Northern Ireland, I have found no matters that require drawln8 to your artention. Moore Branlff 2 Beechill Bu5ine55 Park 96 Beechlll Road BT8 7qN Northern Ireland 22 September 2025 SUMMER MADNESS (NI) LTD IA COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unresirkied Restrlcted Ttstsl Unrestrlcted Restrlcted Total fund5 funds funds fund5 2OZ4 ZOZ4 2014 zozj 20Z3 2QZJ Note5 Ih¢ome from.. Donations and le8acies 132,729 152,761 37,915 132,729 152,761 37,9JS 147.691 137,594 24,413 147.691 137.594 24.413 Total in¢ome 323,405 323.405 309,698 309.698 Expendlture on.. 320,839 625 321,464 315.033 67,908 382.941 Total ?xpendlture 320,839 625 321,464 315,033 67,908 382,941 N•t In¢ome/lexyndlturel 2,566 16251 1,941 15,3351 167,9081 173,2431 Transfers between funds 9,123 19,1231 Net movement In lund5 2,566 16251 1,941 3.788 177,0311 173.2431 R•conclllatloTh of lunds,. Fund balancE5 at l Januaiy 2024 72,341 625 72,966 68,553 77,656 146,209 Fund b4lances at 31 Oecember 2024 74,907 74,907 72,341 625 72,966 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 2024 2024 2023 Notes Flxed assets 13 1,163 9,966 1.550 10,921 Tangible assets 14 11,129 12.471 Current assets Debtors Cash at bank and in hand 15 19,854 48,504 6,772 96,938 68,358 103,710 Credltors.. amountsYallSry du• wlthln on• y•*r 16 14,5801 113,2151 Net current assets 63,778 90.495 Total a55ets1è5s current Ilabilitl?5 74,907 L02,9S6 Deferred Incorn• 17 130.0001 Net assets 74,907 72,966 Inivme funds Restricted funds 19 625 Unrestricted funds Desi8naied funds General unrestrlcied funds 20 5,000 67,341 69,907 74,907 72,341 74,907 72,g66 SUMMER MADNESS (NI) LTD IA COMPANY LIMITED BY GUARANTEE) BALANCE SHEEf ICONTINUEDI AS A T 31 DECEMBER 2024 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 2024. 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 23 September 2025 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 2024 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 governing documertt, the Ctsmp3nles Att 2006, FRS 102 'The Financial Reporting Standaid applicable in the UK and Republic of Ireland and the Charities SORP"AccountinB and Reporting by Charities.. Staternent DI Reco￿￿ended Piactice appliiable to charities preparin8 their account5 in £ccoréance with the Fillancial Reporting Standard applicable in the UK and Republicof Ireland IFRS 1021 The charity is a Public Benpfit Entity as defined by FRS 102. The charity has taken 3dvantage ol the provisions in SORP lor charitie5 not to prepare B ststement DI 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 2024 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 e4￿1¥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 2024 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. F￿nancIal 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¢5icfvno*pcial Irobilities Basic linancial liabilities, including creditors and bank loans are initially recognised at transaction price unless the airangement consti".uies a fIna￿Ing 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$5ifled is payable wlthln gne year ore not amort15ed. Debt instrurnents are subsequently carried at amDrtised c05t. U5in8 the ellective interest r3te method. Trad• er*ditors ar• Dbllgations to pay for goods or s•ri'le*i thai bav* b••n atquir*d IN th• ordinary cours• of op*rJtlons fram suppliers. Amounts payable are classified 3$ 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 2024 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 fund$ 2024 Unrestricted fund$ 2(23 Donatlons and 8lfts Grants 117,729 IS,000 145.480 2,211 132,729 147.691 Grant funding reieived include5 8OVErnrnent 8rant5 in ihe abDve figure5 atnouDting to £15,00012023.. E2,2111 In¢onx from chadt•bl• actlvltl•s Ullrestrlrted funds Unrestrl¢ied funds 2024 2QZ3 TlckÈtsales MadApp Other incom 119,048 30,005 3,708 L06,085 30,QCQ 1,509 152,761 137.594 12- SUMMER MADNESS (NI) LTD IA COMPANY LIMITED BY GUARANTEE) NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 In¢ome from fjthertradlng adivllies Unrestrlcted fvnd$ 2024 Vnrestricled funds 2(23 Sale ol merchandise EKhibi-.Drs and food vendors 6,536 31.379 5,708 18,705 Othertrading activities 37,915 24,413 All of the above relate to unrestricited funds. Expendlture on charltable artlvltles Charltable ctl¥lile$ Fundra151n8 Tgtal Charltable Madapp a¢tlvltlewn$pent fundlng Total 2024 2024 2024 2023 2023 2(23 Olrect co$t$ Conference pro8ramme, sire and logistlC5 216,406 12,535 228,941 214,218 214.218 GraDt fundlng of activities lsee note 71 56,726 66,726 Share of support and 8overnance costs15ee note 81 91,107 1,416 91,107 1.416 100.929 1,068 100.929 1.068 GoverTrance 308,929 12,535 321,464 316,215 66,726 382,941 An4lysl$ by lund Unrestricted lund% Restricted funds 308,304 625 12,535 320,839 625 315,033 1,182 315,033 67,908 66.726 308,929 12,535 321.464 316,215 66.726 382.941 13- SUMMER MADNESS (NI) LTD IA COMPANY LIMITED BY GUARANTEE) NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 Grants payable Madapp unspentfundlng 2Q23 Grants reiurned.. Education Adthority unspent fundin8 returned 66.?26 The charity previously received restricted lunding Irorn the Education Authority in relation 10 development of the Madapp. The rolett has been cnmpleted and durlnq thÈ year E66.726 of unspent fundlna was returned in accordante with rhe letter of offér from the Authorlty. Support costs Support wsts Governance sts 2024 Support cost5 Governance costs 2023 Staff costs Depreciatlon Promotion Trivel & sub515tence Trainin8 Volunteers 62,388 3,118 7,812 3,904 346 62,388 3,118 7,812 3,904 346 61,331 2,957 5,599 4.585 658 61,331 2.957 5,599 4,585 658 2,559 3,025 377 2,559 3,025 377 2,070 4,212 809 2,070 4,212 809 Rent & rates Telephone ¢ost5 Postage & carria8e Stationery, printin6, office equlpment IT c051s 585 1,242 3,S92 1,328 831 535 1,242 3,592 1,328 831 1,416 1,669 2,724 4,080 1,105 9,123 1,669 2,724 4.080 I.ID5 9.123 I,Q68 Subscriptions Bank charges MadApp maintenFnce costs Examination and audit lees 1,4L6 1,068 91,107 1,416 92,523 100,929 1,068 101.997 Analy. for du￿ to the lack of a reliable basis of tnea5uretnent. li Ernploy••s The avera8e monthly number ol employees dvrlng the year was.. 2024 2QZ3 Numb•r Numb•r Dlrect, support & Rovernance Employm•nt Costs 2024 2QZ3 Wages and salarle5 SDC1315ecuritV COsr5 Other pen5i0n c0515 58,722 318 57,403 1.083 2.845 3,348 62,388 61,331 Therewere no ernplo¥ee5 wh05e annual iernuneratlDr was more than £60,CK)O. Taxati¢4n The tompany is rèaisterèd as 3 tharity 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 2024 Intanilble fixed assets Softwar• Cosi At L January 2024 and 31 December 2024 2.067 Amortlsatlon and Impalrment At l Jinuary 2024 Amoriisation ¢har8ed for the year 517 387 At 31 December 2024 904 Carrylw afflount At 31 Decernber 2024 1,163 At 31 December 2023 1,550 Tin8lble fbxed a55e15 Plent wnd •qulprnent FIx¢U￿ an4 IIUlng¥ Totsl C05t At l January 2024 Additions 18,247 1,776 io.( 28.247 1.776 At 31 December 2024 20,023 iO,(KK> 30,023 DepreEiation and impairment At L January 2024 Uepreciation charged In the year 7,326 2,131 iO.(MY) 17.326 2.151 At 31 December 3024 10,057 iO,(KK> 20,057 Carryirt8 arnount At 31 Decernber 2024 9,966 9,966 At 31 Decernber 2023 10,921 io,g21 Debtors 2024 2Q23 Amounis falllng due wllhln one year: Other debtors 19,8S4 6,772 16- SUMMER MADNESS (NI) LTD IA COMPANY LIMITED BY GUARANTEE) NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 Creditois: amounis falllng due within oneyear 2024 2Q23 Other tax3tiDn and social security Other creditor5 828 i.orA 1,021 11.130 336 Accruals 3.416 4,580 13,215 17 Delerred Incorne 2024 2QZ3 Arlslng from MadApp support"ontraci income 30.QIK) Deferred Income Is Included In the financi?15tatementS as follow5.. 20?4 2C2a Déférred Incomé 15 included wlthin.. Shown as deferre¢ Income on the face of the balance sheet 30.OC() Movements in rhe year.. Deferred income at i January 2024 Released Irom previou5 periods 30,000 130,0001 60,0 130,0001 Deferred income * 31 December 2024 30,OC() Service contract irKome re¢eived for the 3 year period 2022 to 2024. Income relatin8 to 2024 has been released in -.his accounting period5 and no lurth&r income is r?maininE. Retlrement benef￿ s¢hemes 2024 2Q23 Defined contNbution schEmes Chir8e to profit or1055 in respect ol defined contribution 5cheme5 3,348 2,845 17- SUMMER MADNESS (NI) LTD IA COMPANY LIMITED BY GUARANTEE) NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 Retirement benefit schemes Icontinuedl The charity operates a defined contribution pension Scheme in respect ol it5 CEO. The a55ets of the scheme are held separately from those of the charity in an independently adminisrered fund. The pension cosi charge represents coniribuiions payable by the charitable cornpany to the fund, amounted to £Z,40012023.. £2,4WI and Wer￿ char8ed to unr@strict@d funds. The charitable company continued to pay into a defined contribution pension plan in respect of one ol its ￿her employees. The arnount recognised as an expeiise in the year wa5 E665 iii respect of it5 own GontributlQD12023-. £5461, charged to unrestricted fund5. Restrlrted fvnds The res¢ii¢ted fund5 01 the chiritv cornpr15e the vnexpended balance5 ol donation5 and grints held on tru51 subject tQ specifi con(Jitlon5 by donors a5 to how they may be used. At l January 2024 Re50uro5 exp¢nd¢d Tran51er5 At 31 December 2Q24 EA Youth 5ervice- Restrlcted Tan8lble A55et5 625 16251 Prevlous year: At l January 2023 Re50urTr5 expended Tran5fer5 At 31 December 2(23 EA Vouth Serwlce- Youth Appsfundin8 EA Youth Service- Restriued Tangible Asset5 76,406 1,250 167,2831 16251 19.1231 625 77.656 167,9081 19.1231 625 Vnr•rtrlrted fvnds The unrEStricted lund5 Of the ch3ritv cotnpri5e the unexpended balaDce5 of donation5 and grants whiEh are not 5ubjert to specific conditions by donor5 and granrors ès ro how they may be used. These include designatpd funds which have been set a51de out of unre51rieted fund5 by the irustees for 5pe 69,907 323,405 1320,8391 72,341 323,405 1320,8391 74,907 18- SUMMER MADNESS (NI) LTD IA COMPANY LIMITED BY GUARANTEE) NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 Vnrestrirted funds Icontinuedl Prev5ous year: At l January 2023 Incomlng resources Resource5 expended Transfers At 31 December 2(23 DeslgnatÈd Fund.. Perrnanant slte General funds 5,000 63,SS3 5.0 67,341 309,698 1315,0331 9,113 68,553 309,693 1315,0331 9,123 72.341 The abovc fund: h)we been dcJignuted to J•slut thc Charlty In flndinÉ a pcrmancnt Jlte. 21 Analy515 ol net assets between funds Unr•strfci lund5 R•$trkt fund5 Total 2024 2024 2QZ4 At 31 Dècernber 2024: Intansible fixed assets Tangible a55ets 1,163 9,966 63,778 1,163 9,956 63.778 74,907 74,907 Unre5trlcted funds Z023 Re5trlcted fund$ 2023 Total 2Q2a At 31 December 2023: Intanglble fixed asiets Tan8ible 35sers 1,550 10,296 90,495 130,OiKII 1.550 10,921 90.495 130,0001 625 Provlsions and deferred Incorne 72,341 625 72,966 Related party t￿nsa￿l0￿5 Th? toral amount ol donatlDns without Conditions recÉived from tru5ree5. theii immediate families and those entirEs in which they have a 518nlficant inrere5t was £7,8c¥)12O23..£9,6￿I. 19- This document was delivered using electronic communications and authenticated in accordance with the registrar's rules relating to electronic fonn, authentication and manner of delivery under section 1072 of the Companies Act 2006.