Charity no: NIC10781Q Codetta Choirs Finallcial Statements and Trustees, Rei)ort For the Year ended 31 Deceinber 2024
Codetta Choirs Contents Pages Company Infornlation Trustees, Report Independent Examiner's Report Statement of Income and Expenditure Statement of Financial Position Notes to the Financial Statements
Codetta Choirs Legal and Administrative information Status: The organisatioD is a charitable company and is recog¥nised &s a charity by iliL N()rihcrn Ireland Charity Commissitiii and HM Revenue & Customs. The goi'erning document is a N li'nioraiidurn and Articles of Associatli-llj Trustees. Patricia Brady (Chair) Donal Dohety M<iiread Nic Bhloscaidh (Secretary) Colm Rainey {Treasurer) Fiona Lrosbie GraiDne MclaneY Julia McIvor Grainne Stevenson Jeiuiy Huey {appoiiiled 12 April 2025) RegRStered offiee; 24 Crawford Square Apartment 15 Conars Court Derry BT48 7HT HMRC Charity Reference Number: Charity Commisslon for Northern Ireland Number: NIC 107810 Page I
Codetta Choirs Trustees, report For the year ellded 31 December 2024 The trustees present their report and thc unaudited financial Slemen1S of Codella Choirs I""the Company ) for the )'ear ended J l December 2024. Principal activity The principal actlvity is tbat of choral rehearsal4 performance and participation at civic and charity events. Financial review The charity l]as relied principally on perforn]ance fees and has generated a net SUTplus of £289 for the year. Trusteey The tr)eeS who served during the year are as shown on page l. Rebecca Rogan resigned &$ a Trustee on 7 March 2025. Tru5tees' reSPODsibilities statement Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the stale of affairs of the charitable company and of the profit OT loss of the Lharity company for that year. In preparing these financial staiements, the trustees are required to: select suitable accounting policies and apply them consistently. make judgements that are reasonable arAd prudent; observe the methods and principles in the Charities SORP. state whetheT applicable UK Accounting Standards have been followe¢ subject to any material departures disclosed and explain¢d in the financial statements" prepare the financial statements on the going concern basis wiless it is inappropriaie to presume that the organisation will continue in business. The tr$ are responsible for keeping proper accounting records which disclo8e with re&8nnable accuracy at any time the financi81 position of the Company and enabje them to ensure that the fmancial statements cornply with the Companies Act 2006. They are also responsible for safeguarding the &%sets of the Company and hence for taking re&8onable steps for the prevention and detection of fraud and other irregularities. This report has been PTepared in accordance with the provisions of Part 15 of the Companies Act 2006 relatiiig to lIall companies and in accordanc¢ with Accounting and Reportin£ by Charities. Statement of Recommended Practise applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective l January 2019. This report was approved by th¢ board on 3 December 2025 and si}ed on behalf of the board. D Doherty Trustee Page 2
Codetta Choirs Codetta Choirs Independent Exalliiiier's Reptsrl (v Ihe Cliarity Truslee?i of Cvdell Chuirs Year ended 31 December 2024 We report solely to the charity trustees on OUT exarnination of the accounts for the period endea 31 December 2024. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Codetta Choirs and its trustees as a body for our work or for this report. As a practising member firni of Chartered Accountants IreEand, we are subject to its ethical and other professional requirements which are detailed at Www.charteredaccount1IS.ie. Respective responsibilities of charity trustees and examiner As the eharity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Aci 2006 and the Charities ALt (Northern Ireland) 2008. Having satisfied ourselves that the charity is not subject to an audit under cornpany law, and is eligible for independent examination, it Is our responsibility to. cxamine the accounts wider seL'tiun 65 of the Charities Act. Follow the procedures laid down in general Directions given by the Charity Cornmission for Northern Ireland under section 65(9)(b) of ihe Charities Act. State whether particular matters have come to OUT attention Basis of independent examiner's report We have examined your Charity accounts as required under section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. The examination included a review of the aL'counting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. Our role is to state whether any niaterials niattcrs have coine to OUT &llenlion giving us conLern (u believe: l. that accounting records were not kept as required by section 386 of the Companies Act ?006 and section 63 of the Charities Act. 2. that the accounts do not accord with those accounting records; 3. thai the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006, the Charites Act and with methods and PTinciples of the Charities Statement of Recoinmended PraLtise applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland; 4. that there is further inforniation needed for a proper understanding of the accounts to b¢ reached. Pag¢ 3
Codetta Choirs Codetta Choirs Independent Examiners Reporl lo the Charity Trustees ofcvdetia Choirs Year ended 31 December 2024 Independent Examiners Statement We have completed our examination and have no concerns in respect of the matters { l ) to (4) al)ove and, in connection with following the Directions of the Charity Commission for Northern IrelarAd, we have found no matters that require drawing to your attention. Des Rela & Co 30 Clooney 'ferrace BT47 6AR 3 December 2025 Page 4
Codetta Choirs Statement of Income and Expenditure for the year ended 31 December 2024 Unrestrieted Funds Restricted Funds 2024 2023 Ineoming Resources: Box Office Member & Participation Fees Perfonn&nce Public Funding Donations and legacies 3.108 2.361 3,958 3,108 2.361 3.958 2.555 782 8.780 9.815 2.550 24,482 1,200 10.627 1.200 10,627 Resourees Expended: Artists. Fees Room Hire and Administration Insurance Publicity & Marketing Production costs Bank 14ees Exceptional costs-travel 7,223 2,250 449 7.223 2,250 449 3,218 59 299 390 183 200 36,274 40.623 219 197 219 197 10,338 10,338 Net mnvement in funds 289 289 (16,141) Reconciliation of fund Total funds brought forward at l January 2024 3,024 835 3.859 20,000 Total fimds carried forward at 31 Decernber 2024 835 4,148 3,859 The statement of Income and Expenditure includes all gains and losses recognised irj the year. All income and expenditure derive from continuing actiiqties. Page 5
Codetta Choirs Statement of financial position as at 31 December 2024 2024 2023 Note Current assets Cash 4,148 3,859 Creditors: amounts falling due within one ytar 4,148 3,859 (o) (o) Net ellrrent assets Net assets 4,148 4,148 Fund5 Restiicted 835 835 Unrestricted 3J13 3.024 4,148 3,859 These financial staternents were approved by the board of trustees and authorised for issu¢ on 3 Dec¢mb¢r 2025, and signed on behalf of the board by: C Rainey Trustee Registered Number NIC107810 The notes on pages 7-8 forni part of these financial statements and should be read in conjunction therewith. Page 6
Codetta Choirs Notes to the financial statements Year ended 31 December 2024 General informatioD The principal activity of the company durino the year was that of weekly choi.al rehearsals. pertorniance and participation at civic and charity events. Principal accounting policies 2.1 Basis of preparation The financial statements are prepared on the going concern basis under the historical cost convention. The financial ststements are prepared in sterling, which is the functional CUETency of the entlty. The company is a registered charity. The trustees consider that there are no material uncertainties about the charity's ability to Continue as a going concern. 22 Incoming resources All incoming resources are included in thc statcmcnt of financial actiiiities when the charitJ- is entitled to the income and the amount can be quantified with reasonable accuracy. Income is received by way of performance fees, grants and donations and is included in fvll in the statement of financial activities when recesvable. Expenditure is recognised wlien a liability is incurred. Costs of generating funds comprises the costs associated with attracting income. 2.3 Provisions Provisions are recognised when the entity has an obligation at the reporting date as a result of a past eveiit; il is prubable that the entity will be required to transt'er economic benefits in settlement aiid the arnount of thc obligation can be estimated reliably. Provisions are recognised lidbilily in the .statciii¢nt ()r rinanLial position and the amount of the provision as an expense. Provisions are initially measured at the best ¢stimate of the amount required to settle the obligation at the reporting dale and subsLLILientl)' revieii'ed at eaLli rcponiiiij dale and adjusted io retlect the current best Lsliniaie ()f ihc amount ilial ii'oLdd be rLiiuired Io seitli tIiL iibliilalion. Any adjii.%ln]eiiis to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of thc cost of an asset. When a provision is measured at the present value of the amount expected to bc rLL]uired t<) seiile the c)bligation, the unwinding of the discouni is recognised in fmance costs in profit or lo%s in Ihi pcl'iod it IL riscs. Page 7
Codetta Choirs Notes to the financial statements Year ended 31 December 2024 (eontinued) Funds Restricted Funds are fimds received which are earniarked by the Funder for specific purposes. Such purposes are within the overall aims of the organisation. Unrestricted Funds are funds which are expendable at the discretion of the company in fijrtherdnce of the aims of the charity. Employee information 2024 Number ?0?3 Number Average monthly nurnber of persons employed by the company (including trustees) during the year Taxation As a charity Codetta Choirs is exempt from tax on income and gains falling within secti(yn 5nS of the Taxes Act 1988 or s256 of the Taxation of chargeable Gains Act 1992 to the extent that they are applied to its chargeable objects. Accordingly. no charges have arisen in the charity. Page 8