ULSTER TOURING OPERA LTD A COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDrruREAccouKr FOR THE YEAR ENDED 31 MARCH 2023 ilnrn•trlctsd R••trlct•d funds 2023 Tol•l Unr••trl¢tsd Rmtrict funds lund¥ 2022 2022 Tol•l 2023 2022 2022 N¢)ts• Charrtabl• acO¥ltl 18,979 10S,$23 124,502 11,625 58,024 89,649 Chwrtabl• 20A67 103,701 124,168 6.170 80.710 N•t l•xp•ndltur•ylneom lor th• p•rlodl N•t mov•m•nt In fvndi 6,455 (2.886) 2,769 Fund b•l•nc•s •t 1 W. 2022 4J28 4910 11.127) 8.475 Fund b•l•nc•• at 31 March 2023 1840 6,731 4,328 4.918 9.244 JI 8nd •xp•rK1￿rn d•flva from c￿tinuIng •cb¥il￿. Th8 St8tement of finan¢Jal •¢Mie• compl1•8 wblh the requiroynwts for aft Inoyne and eYPe￿Ilure a¢cwrt undgr th• Campanies Act 20C6. ULSTER TOURING OPERA LTD A COMPANY LIMITED BY GUARANTEE BALANCE SHEEr ASAT31 MARCH 2023 2023 2022 Intsryib5e assets Tangible assets 8SS 1,710 5.826 10 Debtors 11 s.ns 6261 Cr•dltorn: amounts falllng due wlthln on• year 12 11.068) goo) 193 1,708 9,244 Incom• fund* Restrictéd funds Unrestrithd fvrK 6.n8 4,918 4,328 9.244 The comp•ny18 entilled to thè exempti￿ the a￿lIt contAThd In wclion 477 0lth• Cc¥nwies Acl 20L13, fly the year ervjed 31 March 2023. The directors ad(nry*l6dga their r•spM$lbTI ities for eomptylng th•'r8qulrwn•nts of the Companles AL# 2008 wlth respect to accounttng rec))rdJ and Ihe preparation of )Inanci•l statwnents. The members have not requlred th• to cbtskn an au(frt of its rrnn(J￿ Ilalen￿ fwttKg In In ac¢ordance with ￿L*on 476. lo the small companies tegim8. 18 Ms Karen Mcshane ULSTER TOURING OPERA LTD A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Ac¢ounilng pollcl•s Charity Infomiallon Ulster Touring Opera Ltd ts a private company limltod by guarantee Incorporated In North•m lrnlaThJ. The r•giSternd office i• 1TT B•lm¢)nt Road, B8lfast. 8T4 Z4E. 1.1 Accountlng c¢)nv•ntlon Th8 fin8ncA81 statements hava bo￿ prnpornd In 8ccudAnc4 th• ¢*wit¢8 Mwnorandwn ond ArtlcJ•• Assooob'on incorporated on 18 June 2021. tho Cc#npanies 2CQ6 and "Accounts'ng aTra Report'rq by char￿8$.. Ststament of Recommwthd Pra¢tk* applKabba to ethanti￿ preparing thoir accounts in aceordan ith th• Fina￿al Reportsryd StaTrJatd applThbl8 In ts UK arKI Repubts'c of Ireland {FRS 102) leff8th'v• 1 January 2019).. Th6 thorhy Is a PubTh¢ B8n8fit Entity &8 defined by FRS 1Q. Th• th•rty t•k¢n •d¥•nt•9• Ot th• kn lh• SORP f(Y ¢h•itio• •ppWN FRS Update B￿l•Un 1 not to propara • Statoment of Cash Flo￿. Tho fin•ncial statemerrts Arn prepar•d In stortirvJ, whith 18 th• fvn{l￿aI of tho f*arity. Monetary The finan(¥al statements have boen prepared under hkitixical c￿t convention. The prfngpo18(xyJJntiryi 1.2 Golng ¢on¢•m Ai Ihe time of approww tho Ibn•n(a81 slatom8nts, truste08 haw a reasonable exped￿Jon that the chanty has ad•quats rnBoufca8 to conts'nue In operab.onal exi5tsrth for the fi>re808abbe future. Thu¥ the truste88 o)ntinuo to adopt the g￿n9 (x)ncam b•w of •C￿)un￿￿ in prnparing tho financaal Btatsmontl. la Charltabte fundi Unr•strthd fijnds w• mll•bh fty •1 th• of the ljuot?￿ In futh•ranc• of thotr tharttAbl• Restnctthj furwJ& are wk¥ect to sp•ufic condrtiorm by donorn as to h¢xf tlw mly btr uwl. pu￿O￿a3 u8eJ of thg restrkled fwds arn ￿1 out nots810 tho financlal it•tém•nts. . 1A InGon Incom Is recognised whgn the ¢*arity i¥19g•lly entilled to it after any Forfom4nc• o)ndlb'ons have b8on m•1. the amounts c4n be measurwj reliably. and rt18 prijbable that inc¢)me be receiv•d. 1A Exp•ndltur• All expendifvr• b a¢¢ount•d for bJJlJ •rKI hos b￿n dajsllkna urthr hgath'ros tI￿t aggrrya all C￿ts rolat•d to th• category. constitutIon￿ and stllutory roquirements. 1.6 Inl•nglblo flx•d u••ts oth•r th•n good*41 Intsngible awts aquir•d 8eparalgly from a busino8s are reCogni￿d at cort and aro ¥Lrt)J•qu•nty meuuNI +4morU98tlon Is re¢c8nised so as io vfflte off (x)•t or of assets1883 tr￿1r mKlual V￿u0￿ ttdr li4fjs an follty*iThJ b4595.' 4 y•ar5 stralght ￿'nO 10- ULSTER TOURING OPERA LTD A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 31 MARCH 2023 Accountlnq pollcles (ContIn￿d> 1.7 Tangibh fixed assets depreoab.on aThJ 8ry wnpaimient IcGses. useft21 lives on the foSlowlng bases." FL%lurns arKI fflb'ngs 4 y•8rs stralght In The gain or h)ss arisiro on th• dwmal of an •￿t is d9t8mli￿3 as the differen￿ bots¥een trbe salfr woceeds l.B Impalrni•nt of fix•d as••ts At each reporting end dale. the tharity the (xrrying amounts of ils larwe •rKI intang￿e ass8ts to detemiine vhigthw there is ary indicalion that thoge assets hwo suffered an thpalm)￿l loss. If any su¢* Impalm￿nI (rfany). 1J Cuh and ush •qul¥al•nts Cash and (*$h equiwalents include cash In hand, depostts h•kJ at wlth banks. othar shortrterrn Ilwk inve5trnènts wth orvJ1n￿ Matsjr￿e$ of thTre monts or18ss. aTrd barth oNtrdrats. Bank ovardrnfts arè $hu4vn vAthln borr* h ￿rr•nt rAbl￿ti81. 1.10 FlnarKl•l In•trum•nts The eharity ha$ elected to appty the prtsvtyi￿ of S8¢lion 11 '8asic Finanry4 In$trw￿. aTrJ Seckn 12 Flnancial instrum•nts are recognwl in bkn th• ttwlty boc4YtM party to the )rrtrattsl pro￿￿nS of the instrumenL there is a l&Jalty enforcoable right to set off ts recognised ￿ounts and therels an intsntion to setdg on a r Bas1¢ fin•n¢hl •s8•ts Basic finani>al assets. vthith debtrxs aThl (xsh arm1 bar* batances. are inib"aTry measured at transaction prfKa Indudiry tram(*on ￿)sts arKJ are suLwuenty carried at 8mortssed u)st Using the effective Inte￿8t methc#J unless the 8rrnng8ment consbtsrtes a ￿nar￿4r￿a tr•nsathn. ￿re the transathon ' m8aJurgJ at the Pfesent valu8 of tr* fvrture receipts ¢tscenefftJ. Crldcal accounong •¥lmat•• and Jthm•nts In th¢ aEplic8tion of the tharity'8 aax>unbrvJ poliues. the trustees are requ￿￿1 to make jLKl98mants. estimales arKI a58ymptlon¥ about tho Carrylng amount of assets ond Itab11rt69s tho1 •re not •pparent Irom other gources. Tho estimat•s and 988ociatad a¥sumptsons arn b•JfrJ on histori￿1 experience and Dtsr fartorn th8t are conoKlo￿d to be r•l•v•nt AGlU￿ Muh• may dfv from t1￿? ostsmats•. The 6sb"mRtss ￿de￿Ing 888wnptbons are revie*ed on art oTrJ(NTrJ b83i9. R•vlslons to •ceounbng timateJ regjgnwd in the period in whk*b t￿ esllmJte b rgvuod VA￿10 the rnvi•lon affocts orty th•t period. or In the perlc*g of Ihe Tewsbn and luture wod• wl*ro th• roth Hffe(1s both cuff•nt and blJtur• 12- ULSTER TOURING OPERA LTD A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 fur 2023 2022 18.979 18.Y19 105,523 6.125 8,125 63,S24 Grants recefftblo 105.523 58.024 los￿23 121502 11.825 69,649 Grants r¢cèlvabl• for ¢orn a¢tivitles ACNI fvrKled pi Future Scmns Nl fund¢d by Dèpath)8nt for Communits85 Fubjrn c￿atiV8• Nl SC￿en XRX Queen's Unfvarnlty Belk•t 0￿r Trust rUn￿￿¥d Amiagh Clty Banbrfdge & Cralgavon Borough Coun(xl FAP Grant 11454 114S4 21.919 21.919 30,C4)0 15.r) 8,024 15,C 8,¢r24 26.850 28,89J Fund Foyl• Fourth 30,oao 30.COJ los￿23 106J23 68,024 63,S24 13- ULSTER TOURING OPERA LTD A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Charltable actlYttl¢g 2023 2022 Stsff cosls Dgpreoation and impai￿ent Sothvaffj costs Venue hire Advew thJiwwJ th8 ￿rv￿.. Numb•r NUm￿r Employm•nt ¢o•ts 2023 17.164 16.022 Tuatlon The charity Is exem0 from tsx on ar#J gaim laling within Secti¢￿ ofthe Tax8s Act 1988 or section 262 01 tho TaxatM)nrf Chargeablo Goirn Acl 1992 to Ihe ￿nt th•tttMe are aWl￿ed to its d￿ritable objarts. At 1 Awil 2022 •fKI 31 M•th 2023 3,420 At 1 April 2022 1,710 At 31 March 2023 Carrylng amount At 31 Morth 2023 At 31 March 2022 1,710 15- ULSTER TOURING OPERA LTD A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2023 10 Tanglblo flxod a•••ts Flxfyrn• fdtln9• Cost At 1 Awll 2022 9,184 At 31 Mgrth 2023 9.184 D•pr•clallon and Impalmi•nt Ai 1 April 2022 D•predathon ch•rgod in th• year 2.296 At 31 Mwth 21Y23 5.054 C•rylng •mr)unt At 31 Marth 2023 3130 At 31 M•rth 2022 5,826 11 O•btor• 2023 2022 Afflounts fllllng du• *4thln on• y••r. Oth8r debtorn 4,932 783 5,715 12 Cr•dltsr•: amounts Ialllng du• wlthln oft• y••r 2023 2022 1,068 16- ULSTER TOURING OPERA LTD A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Totsl funds 2023 funds 2023 fund8 2022 fund$ Fund balances at 31 Mar(* 2023 ore repr8sented b￿. Intsryible fc