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2024-01-31-accounts

Charity registration number NIC108111

Company registration number NI658053 (Northern Ireland)

ENTERTAINMENT EVENTS ORGANISATION LIMITED

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

ENTERTAINMENT EVENTS ORGANISATION LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr B C Wilson Ms J V E Singer Mr J M Mark (Appointed 27 October 2023) Charity number NIC108111 Company number NI658053 Registered office Alfred House 19 Alfred Street Belfast BT2 8EQ Independent examiner GMcG BELFAST Chartered Accountants & Statutory Auditor Alfred House 19 Alfred Street Belfast BT2 8EQ Bankers Danske Bank Donegall Sq West Belfast BT16 0RL

ENTERTAINMENT EVENTS ORGANISATION LIMITED

CONTENTS

Page
Trustees' report 1 - 2
Independent examiner's report 3 - 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7 - 12

ENTERTAINMENT EVENTS ORGANISATION LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 31 JANUARY 2024

The trustees present their annual report and financial statements for the year ended 31 January 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The objects of the charity are exclusively charitable being for the education, awareness and enlightenment of the general public through pageantry, displays and entertainment.

The stated aims and objectives of the charity are -

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

The charity organised the 2023 Belfast International Tattoo which was held on 1st and 2nd September 2023. The 2023 shows focused on local acts from the UK and Ireland.

This is an important cultural event for Northern Ireland and brings together people from a range of backgrounds. It encourages respect and reconciliation and promotes Ulster Scots music, dance and culture.

Financial review

After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.

At the period end the charity had unrestricted funds of £18,845 and free reserves of £7,600. The charity does not have a policy to build reserves as it does not have any significant ongoing financial commitments.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

Entertainment Events Organisation Limited was established in 2019. The company is registered as a charitable company limited by guarantee. It is constituted under a Memorandum of Association and is registered as a charity with the Charity Commission for Northern Ireland.

ENTERTAINMENT EVENTS ORGANISATION LIMITED TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) ICONTINUED) FOR THE YEAR ENDED 31 JANUARY 2024 The trustees, who a￿ also the directors for the purpose of company law, and who served during Ihe year and up to the dale of slgnature of the financial slat8m8ntS W8re: Mr 8 C Wilson Ms J V E Singer MrJMM8rk Mrs H E Mark Ms A C C Johnslon Mr S P Calms (Appointed 27 October 2023) (Resigned 27 October 2023) (Appointed 21 March 2023 and resigned 27 Octob812023) (Resigned 16 March 2023) None of the trustees has any beneficial interest in th8 company. All of the trustees are members of the company and guarantee lo contribute £1 In the event of a winding up. En18rtainmenl Events Organisation Llmited, a registered charity, is managed by a Board of Truslees, which meets on a regular basis. The organlsalion and management activitias of Ihe chartty are undertaken by th8 truste8s. All declslons In respecl Ihe day io day affairs of the society are taken by the charlty through its Board of Trustees at committee meellngs. Small companle•' exemptlon The report of the dirèctors has been prepared taking advanlage of the small companies, exemption of section 415A of the Companies Act 2008. The trustees, report was approved by Ihe Board of Trustees. Mw B C Wlx)n TnMt•• Date.. .* J.,Ko..(.LoLI4,.........

CHARTERED ACCOUNTANTS ENTERTAINMENT EVENTS ORGANISATION LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ENTERTAINMENT EVENTS ORGANISATION LIMITED I report to the twstees on my examination of the financial slatements of Entertainment Events Organlsallon Llmtted (the charity) for the year 8nded 31 January 2024. Re8pon8lbllltl•$ and ba818 of report As Ihe Iwslee8 of the charity (and also its directors for the purposes of company lawl you are responsible for the pr8paratlon of the financial statements in accordance wilh the requirements of the Companies Act 2006 (Ihe 2006 Act). Having satisfied myself that the charlty 1$ not subject lo audit under company law, and is eligible for independent examination, it is my responslbllity to- oxamlne the accounts under section 65 of the Charbties Act {Northem Ireland) 2008; follow the procedures lald down In the general Dliecllon8 glven by Ihe Charity Commission for Northern Ireland under section 65(9)Ib) of the Charilies Act; and state whether particular matters have oome to my attention. Independent examlnerfs $tstsmont I have examined your charity accounts as required under secllon 65 of the Charitles Act and my examlnatlon was carried out in accordancè with tha general Directions glven by tha Charlty Commlssion for Northem Ireland under section 65{9)(b) of tha Charilies Act. The examlnatlon Induded 8 roview of the accounting records kept by the charity and a comparlson of Ihe accounts presented wlth those records. It also includes consideration of any unusual items or disclosures In Ihe accounts, and $eekn-n9 explanations from you as charity trustees concerning any such matt818. My role is to slate whether any materlal matter$ have come lo my attentson giving me cause to believe.. accounlin9 records were nol kept In respect of the charity as requlred by Sectlon 386 of the 2008 Acl; or the financial statemenls do nol arKord vAth Ihose records: or that the accounts do not compty with the accounting r8quiremanls of sécllon 396 of thè Companlés Act 2008 and wrth the mathods and principlas of the Charities Staloment of Recomm6nded Practlce applicable to charities pieparing their accounls In accordance wbth the Flnanclal Reportlng Standard applicable In the UK and Republic of Ireland., that there 15 further information needed for a proper understandlng of Ihe accounts to be reached. Alfred House J9 Alfred Street BELFAST BT2 8EQ DX3910 NR Belfast 50 Century House 40 Creseent Business Purk LISBURN B'18 2GN 17 Imandcvtlle Street PORTADOWN Craigavon B'I'62 3PB Tel: +44 (0)28 9031 IIV3 Fax: +44 (0)28 9031 0777 Tel: 44 (0)28 926D 7.￿.% Fthy: 44410)28 9260 1656 TLI.. +44 (0)28 3838 2801 ax.. +44 {0)28 3835 0293 thlrtered Ats)JJnt4nts l R¢Wtsr￿AtrthOr4 1 ¢harte¥¢4￿¥AdTr￿rS 1 For￿$5cAt￿tsN1fi1*. CwtsFkn•ftreAdb4wtS GM<Q v&alrndbngNmEoIGMLCCTwlimiled.RryNLKNIo$9dthliAoif4reEto￿a￿bkIt tesirtettiJ¢ffl¢e Roglster¢dWC￿aUrf1WthI workbythelNtbiuteofcharter•JAttouThtaThtsln AbIeMberQfn￿ .AWor]dWid¢AIIIAnrxdlthpendeMA￿￿nth￿Fthrn1 WWW•gmegca4com

ENTERTAINMENT EVENTS ORGANISATION LIMITED INDEPENDENT EXAMINER'S REPORT (CONTINUED) TO THE TRUSTEES OF ENTERTAINMENT EVENTS ORGANISATION LIMITED Indopendent oxamlnef8 5tstemont I have Completed my examination and have no ¢oncems in respect of the matters (1) to (4) lisled above and. in connection wilh following the Directions of the Charty Commission for Norlhern Iraland, I have found no matters that requir wing to your tenlion. Mr Nigel FCA GMCG BELFAST Chartered Accountants & Statutory Auditor Alfred House 19 Alfred Street Belfast BT2 8EQ Daled: .

ENTERTAINMENT EVENTS ORGANISATION LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 JANUARY 2024

**Unrestricted ** Unrestricted
funds funds
2024 2023
Notes £ £
Income and endowments from:
Charitable activities 2 276,408 239,648
Other income 3 26,750 12,750
Total income 303,158 252,398
Expenditure on:
Charitable activities 4 291,867 196,367
Net income for the year/
Net movement in funds 11,291 56,031
Fund balances at 1 February 2023 7,554 (48,477)
Fund balances at 31 January 2024 18,845 7,554

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

ENTERTAINMENT EVENTS ORGANISATION LIMITED BALANCE SHEET AS AT 31 JANUARY 2024 2024 2023 Notes Curront a8•ets Cash al bank and in hand 20.378 8,907 Crndltor*: amount• falllng dua wlthln on• yèar (1,533) (1,353) Net Current assets 18,845 In¢omg funds Unreslricled Designated funds General unrestricted funds 10 11,245 7,600 7,5S4 18,845 7,554 18.845 7,554 The company is entitled to the exemption from the audll requlrement contalned in Section 477 of the Companies Act 2006, for the year ended 31 January 2024, No members have required the company lo obtain an audit of ils financlal stalements for the year In questlon In accordance wllh secllon 476 of the Companles Act 2008. Tho director acknowledges his responsibilities for complying with thè r6qulréments of tho Companles Acl 2006 with respect to 8¢counling records and Ihe weparation of financial statements. The member$ have nol required the company to obtain an audit of its finan¢Jal statements for tho year In question In accordance wlth section 476. These financial slatements have been prepared in accordance with the provisions applicable to companles subject lo Ihe small companles regime. Th flnanclal statements were approved by the Trust8es on .. Mr 8 C Wlson Tru8tee M8 J V E Singer TnMt•• Company regl8tratlon numbor 1416S80S3

ENTERTAINMENT EVENTS ORGANISATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

1 Accounting policies

Charity information

Entertainment Events Organisation Limited is a private company limited by guarantee incorporated in Northern Ireland. The registered office is Alfred House, 19 Alfred Street, Belfast, BT2 8EQ.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's [governing document], the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

ENTERTAINMENT EVENTS ORGANISATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2024

1 Accounting policies (Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable 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 basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Charitable activities and Governance costs are costs incurred on the company's operations, including support costs and costs relating to the governance of the company apportioned to charitable activities.

All expenditure is inclusive of irrecoverable VAT.

1.6 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

ENTERTAINMENT EVENTS ORGANISATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2024

2 Charitable activities

Unrestricted
Unrestricted
funds funds
2024 2023
£ £
Ticket sales 261,544 234,713
Other sales and merchandise 14,864 4,935
276,408 239,648

3 Other income

**Unrestricted ** Unrestricted
funds funds
2024 2023
£ £
Other income including grants 26,750 12,750

ENTERTAINMENT EVENTS ORGANISATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2024

4 Charitable activities

Staff costs
Accommodation - artists
Advertising and marketing
Consultancy fees
Crew costs
Production costs
Transport
Arena costs
Equipment
Printing, postage & stationery
Commission
Insurance
Travel expenses
Subscriptions
Telecommunications
Website costs
Other charitable expenditure
Share of support costs (see note 5)
Share of governance costs (see note 5)
Support costs
Support
costs
Governance
costs
£
£
Bank charges
156
-
Bank interest
-
-
Professional fees
420
-
Accountancy fees
-
2,553
576
2,553
Analysed between
Charitable activities
576
2,553		 2024
£
156
-
420
2,553
3,129
3,129		 Unrestricted
funds
Unrestricted
funds
2024
2023
£
£
2,456
2,500
39,634
3,360
25,878
19,257
3,920
3,860
3,913
4,850
64,157
118,844
34,097
4,500
87,715
-
2,534
-
1,624
-
20,380
29,466
358
358
222
321
199
199
147
1,588
144
2,640
1,360
812
288,738
192,555
576
2,736
2,553
1,076
291,867
196,367
Support
costs
Governance
costs
2023
£
£
£
188
-
188
2,148
-
2,148
400
-
400
-
1,076
1,076
2,736
1,076
3,812
2,736
1,076
3,812

5 Support costs

ENTERTAINMENT EVENTS ORGANISATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2024

6 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

7 Employees

The average monthly number of employees during the year was:

2024 2023
Number Number
Total - -
Employment costs 2024 2023
£ £
Wages and salaries 2,456 2,500

There were no employees whose annual remuneration was more than £60,000.

8 Taxation

The charity is exempt from income tax and capital gains tax to the extent that its income and gains are applied for charitable purposes. No tax charge has arisen in the year.

9 Creditors: amounts falling due within one year

Other creditors
Accruals and deferred income		 2024
£
783
750
1,533		 2023
£
783
570
1,353

10 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Movement Movement
in funds in funds
Incoming Balance at Incoming Balance at
resources 1 February resources 31 January
2023 2024
£ £ £ £
Scots-Irishtoday.com - - 11,245 11,245
- - 11,245 11,245

ENTERTAINMENT EVENTS ORGANISATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2024

11 Related party transactions

There were no disclosable related party transactions during the year (2023 - none).