CHARrrY REGISTRATION NUMBER: NIC105756 Music In Fermanagh Unaudited Financial Statements 31 March 2025 Chartered accountants 50 Campsie Road Omagh Co Tyrone BT79 OAG Muslc In Fernianagh Flnanclal Ststements Year erKled 31 March 2025 Page Trustees, annual report Report to Music In Fennanagh on the unaudited financial infonnation ststement of financial activiknes Statement of financial position Notes lo the financial statements The followlng pages do nol forni part of the flnanclal ststements Detailed statement of financial activities 10 Muslc In Fernianagh Trustees. Annual Report Year ended 31 March 2025 The trustees present their report and the una￿lIted financial statements of the charity for the year erthj 31 March 2025. Releronco •nd admlnknlrntfv• (lotsll• MUS￿ In Femanagh Charlty rnglstr•tlon rnmib•r NIC105756 Prfnclpl offlc• 114 Tonnagh Ro￿1 Derrtr￿nnelty Enniskilien Co Fermanagh BT93 6FL Irusl• Mr R Pierce Mrs H LanKJan Woc#J Professor M Vanna Mrs J Mcvey Mr G Blower Company socrotary Accounlanls SP ￿￿attrey & Co Chartered accountants 50 Camp* Road Omagh Co TyTone BT79 OAG Slrueiure. govern•￿¢ and managw Gov•rnlng documwt Music In Fernianagh is an unincorporated body govemed by its Constitution {dated 12 August 2016). The organisation is recognised as a charity by the Chartiies Commission for Northem Ireland (ref NIC105756). The organisation registered wilh the Charities Commission lor Northern Ireland on 12 January 2017. GovffiMnc• The govemarKe fur￿lI0n of MUK In Femianagh is fulfilled through its Board of Trustees. The Trustees are charged overall responsibilty for the organisation. The Trustees gNe their time voluntarity and receive r￿ divthrKI from the Chanty. Any benelits which obtained are incidental. The Board of Trustees of Music In Fermanagh are responsible for the overall legal and financial management of the Charity. We have referred to the guidance contained in ihe Charity Commission's general guidan¢8 on public benefit when reviewing our aims and obj'ecttves arKI in plannirvJ our future activitses. Music In Fernianagh Tru8tees' Annual Report(uthu•d) Year ended 31 Alarch 2025 ObJ•cllve8 and actlvlths (¢MthwdJ Charity's Aim8 The purposes of the organisation are: {1) to promote and foster the enjoyment and understsnding of classical chamt*r music to the gener81 public in County Femianagh and its hinterland through the commtssioning and presentab'on of chamber music recitsls, and: (2) kn (*ganise and promote other approprtate music events, including educationa activites for chddw and sbjdents in Fermanagh and its hintelland. Achl•voments and perforniance During the year the Charity organised four concerts in Ennlskillen. These concerts also incorporated some educational workshops whtch were attended by young people and dassical music enthusiasts. Ftnancial revl¢w R•vl•w of the business The Charity is non-profit making with net expenditure of £837 f(￿ the year. The Trustees are engaged in ongoing efftiency savings and are awa￿ of Ihe sustainable use of ￿sourCes. R•s•ry•6 Pollcy The Tfuslees of Music In Femianagh have set a reserves policy which requires that reserves be maintained at a level which ensures Ihat the Charitys we acbvity could continue during a period of unforeseen difficulty and to as51St in the future strategic development of the organisation. The Trustees anticipate buikling their reserves to assist with vAyking capital requirements, to deal with unexpected ems of expenditure and to fund income shortfalls (should they anse} from events held. The Trustees have agreed that the Chafity shoutrj endeavour to hokj in reserves an amount not less than £5,000 in an efft)rt to minimise the rth identffied to the Chanty. Plans for future porfods The Trustees hope that the Chanty ￿11 operate at an in¢xeased level in the next financial year. They will continue to organise concerts. hold workshops and endeavour to pursue suriable fundraising opportunrties. Th8 trustees. annual report was approved 27 Octobw 2025 and s￿ned on behalf of the board of trustees by: Geoffrey 8ky￿r Charity Secretary Music In Femianagh Report to Music In Fernianagh on the Unaudited Flnanclal Information of Muslc In Fennanagh Year ended 31 March 2025 As descrited on the statement of financial posrti(XF. the trustees of the charity are responsible for the preparab'on of the financial statements for the year ended 31 March 2025, which comprise the statement of financial activit"es. statsment of financial posib.on and the related notes. You consider that the charity is exempt frtxn an audit under the Chartties Act (Northern Ireland) 2008. In accordance ￿th instruclN)ns we have comyled blese financial ststements in order to assist you to fulfil your statutory reS￿nsIb￿1￿. from the xcounting records and from information and explanatKJns su dtous. sp Ch CCAF EY&CO red accountants 50 Campsie Road Omagh Co Tyrone Bf79 OAG 27 October 2025 Muslc In Fernianagh Stalement of Flnanclal Actlvltles Year ended 31 March 2025 2024 Unrestricted Restricted funds funds Tol•l funds Total lunds Donathons and legacns Total Incomo 6.511 2.626 9,137 9,137 13,600 6.511 2.626 13,600 Expendtturn Expenditure on charftable activitses Total oxp•ndllurn 15,687 15.687 Net expendlture nel moveTh￿t In nds {2.222) (2222) (2,087) R•conclllatlon ol lundg Total funds brought forward Totsi funds carrlod forward 9,421 5.112 5,112 The statement ol financial activibes includes all gains and losses recognised in the year. All income a￿1 experKliture derive Irom continuiTrJ aCtI￿￿e5. Music In Fernianagh Statsment of Financial Position 31 March 2025 2025 2024 Cunont ass•ts Debtors Cash at bank and in hand 2,447 10,197 12,644 10.751 10,751 Credltor8: amounts falllng du• wiihin one year Net curront as80ts 5.639 5,310 7,334 5.112 Total as•ts less Curreftl Ilabllitie8 5,112 5,112 7,334 N•t as80ts 7.334 Funds of the charity Unrestricted funds 5.112 7.334 Tctsi charity fund8 5,112 7,334 These financial statements were 4woved by the board of trustees arKI auth¢yised for issue on 27 October 2025, and are S￿Jned on behaff of the board by Mr R Pierce Trustee Mrs J Mcvey Trustee Th• notes on p4e8 6 to 8 fonn part ￿ the•e fi￿ncIal •tatements. Music In Fernianagh Notes to Ihe Flnanclal Staiements Year ended 31 March 2025 Genernl Inform•llon The charity is a wblic ber￿111 entity and a registered charity in Northam Ireland and is unincorporaled. The a(klress ol the principal office is 114 Tonnagh Road, Derrygonnelly, Enniskillen. Co Fermanagh, BT93 6FL I statem￿ ot C￿nPlIanCO These fFnancial statements have been prepared in compliance with FRS 102, Yhe Financial Reporting Standard aPpI￿able in the UK arKI the Republic of IrelaTh*, the Statement of Recommended Practtt applicable to charities preparing their accounts in accordance with the Financial ReporbNJ StarKlard appI￿able in the UK and Republic of Ireland {FRS 102) (Charities SORP (FRS 102)) ￿ Ihe Charities Act {Northem Ireland) 2008. countlng pollcl•s Basls of preparatlon The financial statements have been prepared on the historical cost basrs. as modified by the revaiuats'on of certain financial assets and liabilities and investment properties rneasured at fair value through income or eXperthu￿. The financial statements are Fyepared in stwlng, which is the functional ￿lre￿ of the entity. There are no malerial uncertainties aboul Ihe charitys abilty to conttnue. JUdg￿￿ntS and k•y sourc8s ol Mllmatlon unc•rtalnty The preparab'on of the financial statements requires management to make judgements, estimates and assumpbons that affect the amounts reported. These estimates and judgements are continudty relllewed and are based on experience and other factors. including expectations of future events thal are Ixl*ved lo be reasonable urnler the cÈrcumstances. Fund a¢¢ountlng Unrestricted furKts are availablè for use * the discretion of the trustees to further any of the Designated furnts are unres￿ted furKts eamarf(ed by the trustees for particular future project or commitinenL Restricted furKts are subjected to reStr￿110nS on their experKliture declared by the donor or through the tenns of an appeal. aTrJ lall into or* of two suMasses: restrthd income lunds or erKlowment funts. Music In Fermanagh Notes to the Flnanclal Statements (C￿ Year erKled 31 March 2025 ounting pollckns (￿th￿rf) All incoming resources are included in the statement of financial activities when entitlement has passed to the chart￿. il is probable that the economic benefts asFJociated with the transaction will fk)w to the charity ar￿ the amounl can be reliabty measured. The followng specific policies are apFAied to particular categories of income: Income from donalions or grants is recognised when tsre is e￿￿8￿ ol entitlement to the gift. receipt wobable and its amount can be measured reliabty. legacy income is recognised receipl is probable aNI entiilemerrt is established. income from (k)nated goods is measured at the fair Val￿ ol goods unless this is irnpractical to measure reliably, in which case the value is derived from the cost to the donor or the estimate(I resale value. Donated facilities and serrfices are recognised in the accounts when received rf the value can be reliably measured. No amounts are included for the contri￿tiOn of general w￿unteerS. income from contracts for the suth of services is recognis&J Imth the delivery ol the contracted service. This is daSSrf￿ as unrestricled funds unless there is a contractual requirement for it to be spent on a particular wrpose relurned rf unspenL in which case it may be regarded as restricted. EX￿lture is recognised on an accruaL8 basis as a liability ts incurred. Expe￿Ilture {r￿ludeS any VAT vthich cannot be fulty recovered, arKI is dassified under headings ol statement of financial activities to which it relates: expenditure on raisirvJ funds irKIth the costs of all luTrJraising actsvitss, events, non. expondilure on chariiable athil*s Inclu￿ all costs incurred by a charity in undertaking activities that further ts charitable aims for the benefit of its beneficiaries, inclwling those support costs a￿1 costs relating to the governance of the charity apportioned lo charitable other experKliture includes all expendrture that is neither relaled to raisiNJ funds for the All costs are allocated to experKditiJre categories reflecting the use of the resource. Direct costs attributable to a Sing￿ activity are allocated directy to that activty. Shared costs are apportioned between the activities they contrit>ute to on a reasonable. justifiable and consistent basis. Donatlons and legacle• Unrestricted Restricted Total Funds Fur Funds Donotlons Donations Tid(et sales 1.650 4,861 Muslc In Fermanagh Notes to the Flnanclal Statements Year ended 31 March 2025 Unrestricted ReSt￿ted Tot•1 Funds Funcls Funds 2025 Grants Arts Council for Northem IrelarKI Femianagh & Omagh District CourKil 1,892 2,626 1m2 9,137 6.511 Unrestricted FurKIs ReStr￿ted Total Funds Funds 2024 Donatior TKket sales 1,320 6,414 1,320 6.414 Grnnls Arts Council for Northem Ireland Fermanagh & Omagh District Council 4.321 4,321 7,734 5,866 13.600 Trusteo r•munwatlon and •xpon No remuneralion or other b8nelits from empb￿￿ent with the charity or a related entity were received by the trustees. Debtor8 2024 Trade debtors 2.447 Crodftors: amounts falllng v*fthln on• Jwr 2024 Trade credtto Accruals and deferred income Arts Council Nl Grant Repayable Arts Council Nl Grant Not Spent 1,550 734 5,310 Rolatod part * trarsacl1t￿ with relat8d parties vM8 urnlort8k8n such as are required to b8 di￿lOSed under the Fina￿la1 Re$￿Ing Standard for Small8r Entities (effective April 2008). Muslc In Fernianagh Management Infomiallon Year ended 31 March 2025 Th• followlng p•g•s do not lorni part ol tho Ilnanclal stslomonts. Muslc In Fernianagh Detalled Statement of Flnanclal Actlvltles Year ended 31 March 2025 2025 2024 Incorne and ondornnts Donations and legacies Donations T￿et sales Arts Council for Northem Irel Femanagh & Omagh District Counc#l 1.320 6.414 734 4.321 13.6(X) 9,137 Toial In¢om• 9.137 13,600 Exp•ndliurn Exp•ndlturn on ch•rltabl• •ctlvftl•s Performance fees Venue and equipmenl hire Insurance Performing Rights Society Box Office commissions Accountant fees Website and markettrvJ costs Printing and stationery Bank charges 7,740 2,117 259 361 573 11.359 15,687 Totsi expendlluro 15.687 (2,222) {2,08T) 10-