Company Registration Number.. N1067395 Charity Number: 109503 The Cross Border Orchestra of Ireland (A company limited by guarantee, not havlng a share capital) Annual Report and Audited Financial Statements for the financial year ended 31 December 2024 John Macmahon & Co Chartered Accountants and Registered Auditors 112 Camlough Road Newry Co. Down BT35 7EE Northern Ireland
The Cross Border Orchestra of Ireland IA company limiled by guarantee. not havlng a share capltall CONTENTS Page Reference and Administrative Information Trustees, Annual Report 4-10 Statement of Trustees, Responsibilities Independent Auditor's Report 12- 14 Statement of Financial Activities 15 Balance Sheet 16 Statement of Cash Flows Notes to the Financial Statements 18-24
The Cross Border Orchestra of Ireland IA company limited by guarantee, not having a share capitall REFERENCE AND ADMINISTRATIVE INFORMATION Trustees Paul O, Callaghan Susan Forde Jim Darcy Chief Executive Officer Sharon Treacy Dunne Charity Number in Northern Ireland 109503 Company Registration Number N1067395 Registered Office and Principal Address Enlerprise House WIN Business Park Canal Quay N8Wry Co. Down BT35 6PH Northern Ireland Auditors John Macmahon & Co Chartered Accountants and Registered Auditors 112 Camlough Road Newry Co. Down BT35 7EE Northern Ireland Prlnclpal Bankars Danske Bank 58 Hill Street Newry Co. Down BT34 1AR Northem Ireland Bank of Ireland 78-81 Clanbrassil Street Dundalk Co. Louth Ireland
The Cross Border Orchestra of Ireland {A company limiled by guarantee, not having a share capital) TRUSTEES. ANNUAL REPORT for the financial year ended 31 December 2024 The ttustees present their Trustees, Annual Report, combining the Directors, Report and Trustees. Report, and the audited financial stat8m8nts for the financial year ended 31 D8cember 2024. The financial statements are prepared in accordance with the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and Accounting and Reporting by Charities-. Stalemenl ol Recommended Practice applicable to charities preparing their financial statements in accordan¢e with the Financial Reporting Standard applicable in tho UK and R8public of Ir8land (FRS 102). The Trustees, Report contains the inforniation required to be provided in the Trustees, Annual Report under the Statement of Recommended Practice {SORPI guidelines. The trustees of the company are also charity trustees ft)r the purpose ofcharity law and under the company's constitution are known as members of the board of trustees. In this report the trustees of The Cross Border Orchestra of Ireland present a summary of its purpose, governance, activities, achievements and finances for the financial year 31 December 2024. Mlsslon, Objectlv88 and Stratogy Objectives The Cross Border Orchestra of Ireland ICBOII was established in 1995 as a means of bringing young people together from different backgrounds and communities, through the powerful medium of music. The orchestra is now composed of 100 young people from many parts of Ireland. The CBOI is one of Ireland's flagship peace initiatives and has become one of the most acclaimed youth orchestras that the island of Ireland has ever produced. Their objectives are as follows.. 1.To promote tolerance and acceplance of cultural diversity- to promote understanding between different communities and traditions on both sides of the border,. to reinforc8 progr8SS towards a more p8aceful and stable society-, to promote a shared vision of the future,. and to facilitate integration through the medium of music and culture. 2.To promote reconciliation through education and culture- to use music for the protection of childhood through training, rehabilitation and prevention of criminal behaviour, to bring together young people from different cultures, traditions and backgrounds in a non-threat8ning atmosphere to promote peace and friendship,. to d81iv8r a musical educalion and musical opportunities to children who would not nonnally have access to these opportunities due to thair social status. 3.To prornote reconciliation through education and to help young people to develop qualilies of self-reliance, personal integrity, responsibility, and confidence by giving them the opportunity to perform with a full symphony orchestra,. work with leading professional conductors and musicians-, and perform in promi6r venues and in doing so improve their expectations, their future employability and give them dignity and pride in themselves and their background. 4.To maintain the cross-border links established over the past 29 years and to develop further meaningful cross-border links. To continue to share the expertise the CBOI has built up over the past 29 years. 5.To contribute to the improvement of Anglo-lrish relations through celebrating Ulster Scots and Irish cultures equally. The charity trustees have had regard to the Charity Commission for Northern Ireland's statutory public benefit guidance to ensure that activities entered into during the year have helped to achieve the charity's aims and objectives as well as providing public benefit. Structure, Governance and Management Structure The Cross Bordar Orchestra of Ireland is a private company limit6d by guarantae and does not have share capilal. It is govemed by a memorandum and articles of association. The board of trustees of the charity at 31st December 2024 are listed on the infomation page. Paul O'callaghan, Susan Forde and Jim Darcy are the current Directors. The Cross Border Orchestra of Ireland is managed on a day-to-day basis by a full time Chief Executive Officer and is assisted by one full-time stsff member, occasional part time stsff and a volunL9ry parents, association who organise fundraising events and activities. Daily meetings are held with staff and the voluntary parents, association m8et weekly from August to March of the following year to discuss ideas and plans to increase funds and find ways in which they could be spent for the good of the young people and communities involved in the projects.
The Cross Border Orchestra of Ireland IA company limited by guarantee, not having a share capital) TRUSTEES, ANNUAL REPORT for the financial year ended 31 December 2024 The board of trustees hold meetings quartedy and if needed on a more regular basis. All strategic and operational management decisions are the responsibilities of the trustees. The role of trustees is to ensure that all management decisions are in compliance with the conslitution. Appointm8nt and training of trusteos New trustees are nominated by current trustee members. Induction and Iraining of new tNstees is given by the CEO of the charity and covers., Duties of the tnjslees Objeclives and aims of the charity Govemance and rules ofthe charity The Cross Border Orchestra of Ireland have a pay policy agreed by the board of trustees. The policy commits CBOI to fair, transparent and consistent reward arrangements which attract, motivate and retain staff. The trustees do not receive a remuneration. Risks The board oftrustees have reviewed the major risks which the charity faces. Management tools to identify, reduce and eliminate strategic and operational risk are applied to all planning and developmenl activities. Review of Activities, Achievements and Performance 1. PEACE PROMS CONCERT SERIES The Peace Proms 2024 Concert Series took place in arena venues across Dublin, Belfast, Limerick and Waterford, and once again highlighled the power of music lo inspire hope, build unity, and promote peace. CONCERT DATES 2024 January, Sat 27 Peace Proms 2pm & 8pm 2024 January, Sun 28 Peace Proms 1pm & 7pm 2024 February, Sat 3 Peace Proms 2pm & 8pm 2024 February, Sun 4 Peace Proms 1pm & 7pm 2024 February, Sun 25 Peace Proms 1pm & 7pm 2024 March, Sat 2 Peace Proms 2pm & 8pm 2024 March, Sun 3 Peace Proms 1 pm & 7pm 2024 March, Sat 9 Peace Proms 2pm & 8pm 2024 March, Sun 10 Peace Proms 1 pm 2024 May, Sunday 26 Count Us In & Dynamics 3pm 2024 Dec, Fri 19th ABP 70th Anniversary concert 7pm Limerick University Sports Arena Limerick University Sports Arena RDS, Dublin RDS, Dublin SSE Arena, Belfast SETU Sports Arena, Waterford SETU Sports Arena, Waterford SETU Sports Arena, Waterford SETU Sports Arena. Waterford Coiaiste Chu Chulainn, Dundalk Convention Centre, Dublin Nearly 35,000 children from 600 schools participated, making Peace Proms one of the largest youth music education initiatives in Europe. Primary school choirs joined together in ensembles of up to 3,000 voices, performing alongside the Cross Border Orchestra of Ir81and's full symphony youth orchestra. For many children, this was their first opportunity to sing in a professional arena setting an unforgettable, life-changing experience. Since its inception, Peace Proms has been committed to inclusivity and accessibility, offering every school, regardless of size or experience. the chance to participate in a grand-scale artistic production. Carefully designed for children aged 12, the program balances fun and excitement with educational depth, ensuring that preparation in schools is both enriching and rewarding for pupils and teachers alike. The success of Peace Proms 2024 demonstrates its profound impact fost8ring cross-community connections, encouraging cultural exchange. and instilling in young people the values of peace, tolerance, and respect. Peace Proms Aims & Objectives Peace Proms is founded on the belief that every child has limitless potential and the right to experience the joy and benefits of music. Its aims are to.. Provid8 inclusive, creative opportunitias for children to perfom at the highest level. Promote peace, unity and diversity through music. Support the well-being of children and teachers by fostering achievement, Gonfidence, creativity, and teamwork. Make high-quality music education freely accessible to all schools. Music-making develops discipline, problem-solving skills, imagination, and emotional expression. Choir singing, in particular, teaches teamwork and builds self-esteem key life skills that extend far beyond the concert stage. Peace Proms gives schools the opportunity to: Sing in choirs of up to 3,000 children.
The Cross Border Orchestra of Ireland IA company limited by guarantee, not having a share Capital) TRUSTEES, ANNUAL REPORT for the financial year ended 31 December 2024 Perform with a full symphony youth orchestra. Work with Greg Beardsell, one ofthe UK'S leading conductors. Perform in prestigious arenas across Ireland. Develop vocal technique, confidence, and perfonnance skills. Explore a variety of musical genres and styles. Peace Proms- An Educational R8source Peace Proms provides schools with a comprehensive resource pack including sheet music, rehearsal tracks. choreography videos, curriculum links, and projecl ideas. Songs are carefully selected to promote peace, reconciliation, diversity, and environmental awareness, with repertoire including well-loved anthems such as Let There Be Peace on Earth and World in Union. Teachers are supported in integrating music across th8 curriculum, while students are encouraged to reflect on social issues through creative projects. For many schools, Peace Proms also fuifils the performing arts component of the Primary School curriculum, giving children practical experience in singing, movement, and live perfomiance. 2. PEACE PROMS CHOIR WORKSHOPS In preparation for the concerts. regional choir workshops were held in Dublin, Belfast. Limerick, and Waterford, with almost 35,000 children participating. Led by Greg Beardsell, these rehearsals were an essential opportunity for children to sing with choirs of over 1,500 voices, practice choreography, and familiarise themselves with Greg's conducting style before concert day. For children with additional needs, th8 workshops also provided reassurance and preparation, reducing anxiety ahead of perfortning in a large arena. Workshops for teachers ensured every school had the logistical and safety infornation required for concert day. Workshops were supported by CBOI volunteers, parents, and Transition Year students. who gained valuable event management experience by assisting with stewarding, check-in, logistics, and school group coordination. In 2023, the following workshops were held: CHOIR WORKSHOP DATES 2023 November, 8th 10.'00- 11-.30am & 12'.30- 2.'OOpm SSE Arena. Belfast 2023 November, 9th & 10th 10.'00- 11.'30am & 12'.30- 2.'OOpm UL Sprots Arena, Limerick 2023 November, 16th & 17th 10'.00- 11'.30am & 12.'30- 2'.00pm SETU Sports Arena, Waterford 2023 December, 5th, 6th & 7th 10.'00- 11'.30am & 12'.30- 2.'OOpm Sport Ireland Campus. Blanchardstown, Dublin 3. ORCHESTRAL TRAINING The CBOI offers young people exceptional orchestral training combined with unique, world-class perfomiance opportunities. Members are trained to perfonn at a profession81 Concertorchestra standard and work underthe direction of leading conductors and specialist musicians. The orchestra is currenlly made up of over 100 young musicians, aged 13-24, who travel from across Ireland-north and south-to Dundalk for rehearsals. Regular rehearsals are held three Sundays each month at Colaiste Chu Chulainn, und8r Ihe baton of Ma8Stro Greg 88ardsell. Each acadamic year begins wilh an intensive five-day Summer Workshop in August, led by a team of highly experienced instrumental tutors who provide focused sectional and ensemble training. Through this program, CBOI is developing highly skilled, confident. and versatile young musicians. Many alumni go on to study music at third level and pursue professional careers as perfomiers, educators, and leaders in the arts. They, in tum, carry forward the high standards of musicianship and teaching instilled in them by CBOI, inspiring the next generation of young artists. Beyond lechnical excellence, CBOI instils a lifelong love of music, the arts, and performance. Members gain invaluable experience of teamwork, discipline, and self-expression, which benefits them both on and off the stage. In 2024, CBOI members perfornied in an extraordinary series of 18 concerts at major venues, including the Simmons court Arena {RDS, Dublin), SSE Arena (Belfast), University of Limerick Sports Arena, SETU Sports Arena (Wat8rford}. and the Convention Centre Dublin. These opportunities not only showcased their talent at the highest level but also provided unforgettable experiences that will shape their artistic and personal development for years to come. Over its 29-year history, the CBOI has produced a remarkable number of alumni who have gone on to study music al conservaloires and universities across Ireland and the UK. Many now enjoy successful professiDnal careers as perfomiers, educators, and arts leaders. Others, while pursuing careers outside of music, continue to draw on the confidenc8, discipline, and teamwork nurtured during their time with the orchestra. This legacy demonstrates the lasting impact of CBOI'S orch65tral training and its unique ability to inspire and empower young people far beyond the concert
The Cross Border Orchestra of Ireland {A company limited by guarantee, not having a share capital) TRUSTEES, ANNUAL REPORT for the financial year ended 31 December 2024 stage. 4. COUNT US IN- Music Education for Children and Young People Count Us In is an ambitious and pioneering music education initiative, inspired by Venezuela's world-renowned El Sistema model, which emphasises group learning and performance. The programme is designed for young people aged 9 and above who would not otherwise have access to instrumental tuition. In Ireland, the high cost of instruments and lessons prevents many children from ever learning to play. Count Us In removes these barri8rs by providing orchestral instruments on IDan and free weekly group tuition in strings, woodwind, and brass. Tuition is delivered by experienced professional musicians and specialist tutors, who equip sludents with the technical and musical skiSls needed to accelerate their progress. Beyond instrumental learning, the programme nurtures creativity, discipline, teamwork, and confidence. Many participants progress lo join the Cross Border Orchestra of Ireland, gaining further opportunities to P8rfom at a prof8ssional lev81. Aims of the Count Us In Programme The project aims to- Provide free weekly specialist tuition to young people ag8d 9 and above. Off8r instrumental tuition in violin, cello. double bass, clarinet, tnjmpet, trombone, and French horn. Ensure all participants have regular opportunities to perform. Support employment for instrumental tutors, many ofwhom wer8 s8verely affected by the pandemic. Foster disciplin8, cr8ativity, problem-solving skills, and teamwork in every student. Address inequalities by providing high-quality music education to young people from disadvantaged backgrounds. Expand participation and increase the depth of impact. Enhance teaching quality through improved training, resources, and tools. Raise musical standards, encouraging excellence and long-term engagement with the arts. Cul Actlviti68 Complèted in 2024 In 2024, Count Us In continued to grow and thrive, delivering meaningful outcomes for participants and their communities. Key activities included.. Establlshment of the Count Us In Orchestra Formed in 2023, the orchestra is made up of children in years 24 of the programme. In addition to Iheir free weekly lessons, members receive one hour of orchestral tuition and one hour of music theory each Sunday. In 2024, Ihe orchestra competed in the Newry Music Festival, where they were awarded a prize. End-of-year Concert In May 2024, the Count Us In Orchestra gave an outstanding concert performance for parents and families, celebrating their progress and achievements. Weekly Group Lessons Tuition was provided in trumpet, trombone, clarinet, violin, cello, and double bass, ensuring consistency ol leaming and group progress. Music Grades and Examinations Students followed the ABRSM syllabus in technical studies, scales, and repertoire. The Tnajority sat ABRSM exams in June 2024, with over 30 /0 achieving distinctions. Supplementary Learnlng Materlals Tutors provided additional repertoire and resources at appropriate levels to support students in reaching and exceeding grade slandards. Technical Development Tutors placed strong emphasis on technical foundations, regularly revising poslure, tone production, and other essential skills through targeted exercises and studi8S. Outcomes and Impact Participation in Count Us In continues to deliver life-changing benefits for children and young people. Students not only develop strong musical skills but also 8 profound sense of pride, achievement, and ambition. By being part of a supportive and high-achieving team, participants grow in confidènca and resilience, while experiencing thè joy and fulfilment of shared musical success. 5. DYNAMICS VIOLIN PROJECT Project Description namics rovides rima school children livin in isolated rural areas andlor areas of socio-economic disadvanta
The Cross Border Orchestra of Ireland IA comparFy Simited by guarantee, not having a share capltall TRUSTEES, ANNUAL REPORT for the financial year ended 31 December 2024 with the opportunity lo learn violin. trumpet, or trombone. The cost of musica1 instruments and tuition in Ireland is often prohibitive,18aving many children without the chance to aC$S instrumental education. The Dynamics model is based on group leaming, daily engagement with the instrument, and frequent opportunities to perform. Each child is provided with a violin, trumpet, or trombone on loan, and receives a one-hour group lesson every day during school tem time. Lessons are delivered by specialist inslnjmental teachers with expertise in both performance and music education. Their training enables them to teach mixed-ability groups effectlV81y, and to introduce notation, theory, and practice in ways that children enjoy and excel in. Inspired by Venezuela's wodd-renowned El Sistema approach, Dynamics is rooted in tho b81ief that "8V8ry child has limitless possibilities and the ability to strive for excellence., Unlike traditional tuition models-where children receive a single weekly lesson and are expected to practise alone-Dynamics embeds music-making into daily life. This approach not only raises musical standards but also reduces the likelihood of children abandoning their instrument and disengaging from music altogelher. Aims of the Dynamics Programme The programme aims to.. Provide daily specialist instrumental tuition to 80 children. Supply instruments on loan to all participants. Offer regular performance opportunities. Support employment for instrumental tutors, many of whom were severely impacted by the pandemic. Help children build self-est88m, confidence, creativity, problem-solving skills, and teamwork. Address inequaliti6s in access to specialist instwmental music education foryoung people frorn disadvantaged backgrounds. Ensure children receive a high-quality musical education r8gard18ss of th8ir social or economic circumstances. Broaden access to participalion, increas6 impact, and deepen leaming. Foster musical excellence through improved teaching and resources. Core Values of Dynamics Every human being has the right to a life of dignity and contribution, enriched by beauty and creativity. Every child can experienca and express music and art deeply, benefit from this learning, and make positive life choices as a result. Effective education is built on love, encouragement, joy, and consistent success within a supportive and aspirational community- Every child has limitless potential and the ability to strive for excellence. 'Trust the young" informs every aspect ofthe programme. Learning organisations must remain dynamic-always slriving for greater impact. wider inclusion, improved leaching, better resources, and more joy. Flexibility, experimentation, risk-laking, and collaboration are therefore at the heart of Dynamics. Activities Completed In 2024 Dally Group Lossons In 2024, 60 children in Co. Louth received daily group violin lessons as part of the Dynamics programme. Lessons took place in school and focused on building solid technique through scales, exercises, singing, and musical games. Children also studied music theory and worked on 8 wide repertoire in preparation for performances and competitions. Importantly, pupils were encouraged to play an active role in their leaming by helping to choose the pieces they wished to study, which fostered ownership, craativity, and enthusiasm. Performances Throughout the year, children had multiple opportunities to perform, both in school and on major stages.. At school events, including First Holy Communion, Confirmation, Christrnas concerts, Easter concerts, and other special occasions. With the Cross Border Orchestra of Ireland at the SSE Arena, Belfast, in February 2024, performing before an audience ofalmost 9,000 people. With thè Count Us In orchestra at the Newry Music Festival, where they were awarded a prize. At their own dedicated end-of-year concert at Coiaiste Chu Chulainn, Dundalk, on Sunday 26th May 2024. These perfomiances not only celebrated the children's musical progress but also strengthened their confidence, teamwoTk, and sense of achievement.
The Cross Border Orchestra of Ireland IA company limited by guarantee, not having a share capital) TRUSTEES. ANNUAL REPORT for the financial year ended 31 December 2024 6. CBOI PERFORMANCE AT ABP GROUP 70TH ANNIVERSARY The Cross Border Orchestra of Ireland was greatly honoured to be invited by ABP Group to perfonn at their 70th Anniversary celebration, held al the prestigious Convention Centre Dublin on 19th December 2024. The evening began with an ensemble from the orchestra welcoming guests with a selection of Christmas music in the foyer as over 2,000 emplDyees and guests of ABP Group anived. The main concert, lasting one hour and enty minutes without inteNal, featured a rich programme of festive favouriles and popular classics. The CBOI'S regular soloists gave outstanding p8rformances= Lauren Murphy- rock vocals Conal Duffy - Uilleann pipes Grahame Harris- Bagpipes The concert was further enhanced by the participation of dancers from the Mlchelle Johnston School of Highland Dance, Belfast, and Irish dancers from Dance Hall Academy, Swords. Adding to the excitement, a number oftal8nted young vocalists from the Fiona Flynn School of Performing Arts, Newry were given the opportunity to perform alongside the orchestra for the first time, to great acclaim. The programrne struck a perfect balance between Christmas classics and lively audienc8 favourites. A particular highlight was the orchestra's rousing rendition of Simply the Best, which had the entire audience on their feet, clapping, and singing alDng. The evening concluded with a joyous Christmas sing-along, bringing performers and audience togelher in a memorable finale. Following the concert, ABP Group hosted a gala evening of dinner and entertainment for their employees. The CBOI were treated with great wamith and hospitality throughout the day, with meals and refreshments gen8rously provided. This event was a resounding success, and it was a privilege for the Cross Border Orchestra of Ireland to share in ABP Group's landmark 70th Anniversary celebration. Financial Review The results for the financial year are set out on page 15 and additional notes are provided showing income and expenditure in greater detail. Income The charity had total income of £1,453,760 in 2024 compared with £1,805,680 in 2023. Income redltced with th6 decrease in grant income and the decrease in concert income in relation to the Camegie Hall concert held in 2023. Expenditure During the financial year £1,169,351 {2023'. £1,194,116) was spent on charitable activities. Financial Results At the end of the financial year the company has assets of £4,979,075 {2023 - £4,707,849) and liabilities of £2,816,389 12023 - £2,829,572). The n8t assets ofthe company have increased by £284,409. Reserves Posltion and Pollcy Total reserves at the end of th8 financial yBar were £2,162,686, of whiGh restricted was £30,700 and unrestricted was £2.131 ,986. The trustees review the level of unrestricted reserves to be held annually and aims to maintain its totsl unrestricted resetves at 12 months of total costs. This is what is deemed to match the projected needs of the charity. The movements in the restricl&d and unrestricted funds for the year are set out in the notes to the financial stalements. Plans for future periods Plans for future periods 1. Peace Proms Participation The CBOI aims to sustain the current high level of participation in the Peace Proms programme, which annually angages over 700 schools across Ireland and Northem Ireland. 2. Performance Opportunities Beyond Peace Proms The CBOI intends to explore opportunit18S to perform at events outsid8 of Paacè Proms, including corporate and special events, thereby broadening the orchestra's reach and impact. 3. Dynamics Programme The CBOI is committed lo maintaining the Dynamics programme, currently delivered in schools in Co. Louth. This
The Cross Border Orchestra of Ireland IA company limited by guarantee, not having a share capital) TRUSTEES. ANNUAL REPORT for the financial year ended 31 December 2024 initiative specifically supports children in socio-economioally disadvantaged and rurally isolated areas. 4. Count Us In Music Tuition Programme The CBOI plans to further develop and expand Ihe Count Us In programme, which provides children aged nine and above with free inslruments on loan and free weekly group lessons. The aim is to increase participation and enhance access to music education for children who might not otherwise have this opportunity- 5. Cross-Border Links The CBOI seeks to maintain and strengthen cross-border links established over the past 29 years. Currpnt collaborations include work wilh the Royal Scottish Pipe Band Association of Northem Ireland, the Michelle Johnston School of Highland Dance, and the Kathryn Stewart School of Highland Dance. 6. Access to Music and the Arts The CBOI will Gontinue to bring music to communiti8s across Ireland and Northem Ireland, with a particular focus Dn areas where access to the arts is limited or non-existent. By providing music education and performance opportunities lo children from socially and economically disadvantaged backgrounds. the CBOI seeks to foster self-reliance, integrity, respcinsibility, and confidence in young people. 7. Cultural Diversity and Integration The CBOI remains committed to promoting tolerance, acceptance, and appreciation of cultural diversity, and to facilitating integration through th8 shared experience of music and culture. 8. Fundraising and Sustsinability The CBOI intends to explore new and innovative approaches to fundraising in order to ensure the charity's continued growth and long-t8rm sustainability. 9. Governance and Compliance The CBOI will continue to imploment robust policies and provide the necessary training in relation to Health & Safety, Child Protection, Security, and GDPR compliance. Compliance wlth Sector-wide Legislation and Standards The company engages pro-actively with legislation, standards and codes which are developed for the sector. The Cross Border Orchestra of Ireland subscribes to and is compliant with the following-. The Companies Act 2006 The Charities SORP (FRS 1021 The Audltors The auditors, John Macmahon & Co, (Chartered Accountants) have indicat8d their willingness to continue in office in accordance with the provisions of Section 485 ofthe Companies Act 2006. Approved by t 8 Board of Trustees on 29 September 2025 and slgned on its behalf by.. i Paul O, Truste allagh n 10
The Cross Border Orchestra of Ireland IA company limited by guarantee. nol having a share capital) STATEMENT OF TRUSTEES. RESPONSIBILITIES forlhe financial year ended 31 December 2024 The trustees, who are also directors of The Cross Border Orchestra of Ireland for tho PUTposes of company law, are responsible for preparing the financial statements in accordance with applicable law and regulations. Company law requires the trustees as directors to prepare financial statements for each financial year. Under thal law the trustees have elected to pr8pare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1 A (Small Entities). Und8r company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and apply them consistently.. observe the methods and principles in the Charities SORP 2019 IFRS 102) make judgements and accounting estimates that are reasonable and prudent-, state whether the financial statements have been prepared in accordance with applicable accounting standards. identify those standards. and note the effect and the reasons for any material departure from those standards- and prepare the financial statements on the going concem basis un18SS It is inappropriate to presume that the company will continue in operation. The trustees are responsible for k8eping ad8quate accounting records thal are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any lime the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the Irustees are aware.. there is no relevant audit information {information needed by the company's auditor in connection with preparing the auditor's report) of which the company's auditor is unaware, and the trustees have taken all th8 Steps that they ought to have laken as trustees in order to make themselves aware of any relevant audil information and to establish that the company's auditor is aware of that information. Approved by the, Board of Trustees on 29 September 2025 and signed on its behalf by.. Paul Q Callaghan ee 11
INDEPENDENT AUDITOR'S REPORT to the Members of The Cross Border Orchestra of Ireland IA company Ilmlted by guarant88. not having a share capitall Report on the audit of the financial statements Opinion We have audited the company financial statoments of The Cross Border Orchestra of Ireland {'the company'l for the financial year ended 31 December 2024 which comprise the Statement of Financial Activities (incorporating an Income and Expenditure Account), the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including the summary of significant accounting policies set out in note 2. The financial repDrting framework that has been applied in Iheir preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" applying Section 1 A of that Standard and Accounting and Reporting by Charities-. Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102. In our opinion, when r8POrting in accordance with a fair presentation framework, the financial statements.. give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its surplus for the financial y8ar then ended.. have been properly prepared in accordance wilh United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements ofthe Companies Act 2006. Basis for opinlon We conducted our audit in accordanc8 Wlth Int8mational Slandards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's r8sponsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with ethical r8quirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requiremenls. We believe that the audit evidence we have obtained is sufficienl and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements. we have concluded that the trustees, use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concem for a period of at least twelv8 months from the date when the financial statements are authorised for issue. Our responsibilities and the responsibilities of tha trustees with respect to going concern are described in the relevant sections of this report. other Information The other infomiation comprises the infomation included in the annual report other than the financial ststements and our Auditor's Report thereon. The trustees are responsible for the olher infomiation contained within the annual report. Our opinion on the financial statements does not cover the other inforniation and, except to the extent othetwise explicitly stated in our report, we do not express any fomi of assurance conclusion thereon. Our responsibility is to read the other infonnation and, in doing so, consider whether the other infomiation is materially inconsistent with Ihe financial statements or our knowledge obtainad in the course of the audit, or oth8Twise appears to be materially misstated. If we identify such material inconsistencies or apparent materi81 misstatem8nts. we ara r6quired to determine whether this gives rise to a material rnisslatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinion on other matter prescribed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in tho Trustees, Annual Report for the financial year for which the financial statements are prepared is consist6nt with the financial statements., and the Trustees, Annual Report has been prepared in accordance with applicable legal requirements. 12
INDEPENDENT AUDITOR'S REPORT to the Members of The Cross Border Orchestra of Ireland (A company Ilmlted by guarantee, not havlng a shar8 capital) Matters on whlch we are requlred to report by exception In the light of our knowledge and understanding of the company and its environment oblained in the course of the audit, We have nol identified material misstatements in the Trustees, Annual Report. We have nothing to rèport in r8spect of tho following matters where the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept.. or the financial statements are not in agreement with the accounting records and returns., or certain disclosures of trustees, remuneration specified by law are not made-, or th8 trustees were nol entitled to prepare the financial statements in accordance with the small companiBs regime and take advantage of the small companies, exemption in preparing the Trustees, Annual Report. Responsibilities of trustees for the financial statements As explained more fully in the Statement of Trustees, Responsibilities set out on page 11, the trustees are responsible for th8 preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they detemine is necessary to enable ihe preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concem basis of accounting unless management either intends to liquidate the company or to cease operations, or has no r8alistic allernative but to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assuranc8 about wheth8r th8 financial slatements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregale, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and r8gulations. W& design procedures in line with our responsibilities, outlined above, to detect material misstatements in respecl of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below-. An appropriate materiality level was detemiined and used to assess the risks of material misstatement in th8 financial statements and areas ofhighest risk. Stepswere taken to determine howfraud may occurby enquiring of managemenl of its own consideration of fraud and identifying procedures taken to mitlgate such risks. Consideration was also given to the possibility of opportunity and motivations for fraud. In doing so we assessed the risk of management override of internal controls by assessing for evidence of bias which may result in material misstatement. Our lests included agreeing the financial statements disclosures to underlying supporting documentation and enquiries with management. Audittesls were designed with a focus on areas where management are required to make subjectivejudgements. This includes the review of significant accounting estimates for reasonability and an independent assessmenl of the risks around futuro evants that arè inherently uncertain. As part of the planning process, we identified the intemal controls established to mitigate risks related lo fraud or noncompliance with laws and r8gulations and how management monitor these processes. Appropriate procedures included the review and testing of key estimates and judgements made by management. We made enquiries of management with regards to compliance with relevant laws and regulations (including but not limited to employment and taxation laws). Records and filgs were examined over the course of the audit with a mind to ensure cases of non-compliance w8re identifiad. Because of the inherent limitations of an audit, there is a risk thal we will not detoct all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-complianca. The risk is also greater regarding irregularities occuriing du8 to fraud rather than error, as fraud involves intentional concealment, forg8ry, collusion, omission or misrepresentation. 13
INDEPENDENT AUDITOR'S REPORT to the Members of The Cross Border Orchestra of Ireland IA company limited by guarantee. not having a share capital) Further information regarding tho scope of our responsibilities as auditor As part of an audit in accordance with ISAS {UK}, we exercise professional judgement and maintain professional scepticism throughout the audit. We also.. Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evid8nce that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures thal are appropriate in the circumstsnces, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosuros made by trustees. Conclude on the appropriateness of the trustees, use of the going COT)cern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exisls related to events or conditions that may cast significant doubt on the company's ability to continue as a going concem. If we conclude that a material uncertainty exists, W8 are required to draw attention in our Auditor's Report to the related disclosures in the financial slatements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the dat8 of our Auditor's Report. However, future gvents or conditions may cause the the company to cease to continue as a going concem. Evaluate the overall presentation, structure and content of the financial statements. including the disclosures, and wheth8r the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with Ihose charged with governance regarding, among other matters, the planned scope and liming of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. The purpose of our audit work and to whom we owe our responsibilities This report is made solely to the company's members, as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate to the company's members thos8 matters we are r8quir8d to state to them in an auditols report and for no other purpose. To the fullest extont pemiitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit worf(, for this report, or for the opinions we have formed. John Macmahon {Senior Statutory Auditor) for and on behalf of JOHN MACMAHON & CO Chartered AcGounlants and Registered Auditors 112 Camlough Road Newry Co. Down BT35 7EE Northern Ireland 29 September 2025 14
The Cross Border Orchestra of Ireland IA company limited by guarantee, not having a share Capital) STATEMENT OF FINANCIAL ACTIVITIES {Incorporating an Income and Expenditure Account} for the financial year ended 31 December 2024 Unrestricted Restricted Funds Funds 2024 2024 Total Unrestricted Restricted Funds Funds Funds 2024 2023 2023 Total Funds 2023 Notes Incoming Resources Donations and legacies Charitable activities Investments 22.584 4.2 1.263,397 116,882 22,584 193,837 50,897 1,314.294 1,444.461 116,882 20,214 193,837 147,168 1,591,629 20,214 Total incoming resources 1,402,863 50,897 1,453,760 1,658,512 147,168 1,805.680 Resources Expended Charitable activities 6.1 1,115,704 53,647 1,169.351 1,043,112 151,004 1,194,116 Net incomingloutgoing resources before transfers 287,159 (2.750) 284,409 615,400 {3,8361 611,564 Gross transfers between funds Net movement in funds for the financial year 287.159 (2,750) 284.409 615,400 (3,8361 611,564 Reconclllatlon of funds.. Total funds beginning of the year 16 1,844,827 33.450 1,878,277 1,229,427 37,286 1,266,713 Total funds at the end of the year 2,131,986 30,700 2,162,686 1,844,827 33,450 1,878,277 The Statement of Financial Activities includes all gains and losses recognised in thè financial year. All income and expenditure relate to continuing activities. The notes Dn pages 18 to 24 form part of the financial slalemenls
The Cross Border Orchestra of Ireland IA company limited by guarantee, not having a share capltal} Company Number.. N1067395 BALANCE SHEET as at 31 December 2024 2024 2023 Notes Fixed Assets Tangible assets 37,118 32,074 Current Assets Debtors Cash at bank and in hand 12 13 89.095 4,852,862 101,669 4,574,106 4,941,957 4,675,775 Creditors.. Amounts falling due withln one year 14 (2.816,389) (2.829,572} Net Current Assets 2,125,568 1,846,203 Total Assets less Current Liabilities 2,162,686 1,878,277 Funds Restricted trust funds General fund {unrestricted) 30,700 2,131.986 33,450 1,844,827 Total funds 16 2,162,686 1,878,277 These financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 ofthe Companies Act 2006. The financial statements havo been prepared in accordance with the provisions applicab18 to companies subject to the small companies, regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" applying Section 1A of that standard. Approved by the Board of Trustees and authorlsed for issue on 29 September 2025 and signed on its behalf by c.aiiaghan ruste9 The notes on pages 18 to 24 fom part of the finanaal statements 16
The Cross Border Orchestra of Ireland STATEMENT OF CASH FLOWS for the financial year ended 31 December 2024 2024 2023 Notes Cash flows from operatlng activities Net movement in funds Adjustments for.. Depreciation Interest receivable and similar income 284,409 611,564 16,635 {116,882} 19,169 120,214) 184,162 610,519 Movements in wothing capital.. Movement in debtors Movement in creditors 12,574 (13,1831 {29,0291 19,2091 Cash generated from operations 183,553 572,281 Cash flows from investing activities Interest received Payments to acquire tangible assets 116,882 121.679) 20,214 110,353) Net cash generated from investmenl activities 95,203 9,861 Net Increase In cash and cash equivalents Cash and cash equivalents at the beginning of the year 278,756 4.574,106 582,142 3,991,964 Cash and cash equivalents at the end of the year 13 4,852,862 4,574,106 17
The Cross Border Orchestra of Ireland IA company limited by guarantee. not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2024 GENERAL INFORMATION The Cross Border Orchestra of Ireland is a private company limited by guarantee incorporated in Northem Ireland. The registered office of the company is Enterprise Hous8, WIN Business Park. Canal Quay, Newry, Co. Down, BT35 6PH, Northern Ireland. The activities of the company takes place in various schools and venues throughout the island of Ireland. The financial statements have been presented in Pound St8rling l£}. The financial statements covor the individual entity The Cross Border Orchestra of Ireland for the year ended 31 December 2024. The Charity is a Public Benefit Entity as defined by FRS102. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consist8ntly in dealing with items which are considered material in relation to the charity's financial stalements. Basis of preparation The financial statements have been prepared on the going concern basis under th8 historical cost convention. modified to include certain items at fair value. Statement of compliance The financial statements of the company for the financial year ended 31 December 2024 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice ISORPI issued in 2019, "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of that Standard. Fund accounting The following are the categorises of funds maintained.. Restricted funds Restricled funds represent income r8ceived which can only be used for particular purposes, as specified by the donors. Such purposes are within th6 overall objectives of the company. Unrestricted funds General funds represent arnounts which are expendable at the discretion of the board, in furtherance of the objectives of the company. Incomlng Resources Voluntary income or capital is included in the Statement of Financial Activities when thè charitable company is legally entitled to it, its financial value can be quantified with reasonable certainty and there is reasonable certainty of its ultimate r8ceipt. Entitlement to legacies is considered eslablished when the charitable company has been notified of a distribution to be made by the executors. Income received in advance of due performance under a contract is accounted for as deferred income until eamed. Grants for activities are recognised as income when the related conditions for legal entitlement have been met. All other income is accounted for on an accruals basis. Investments Interest on funds held on deposit is included wh8n r8C8ivable and the amount can be measured reliably by th8 charity., this is usually upon notification of the interest from the bank. Deferred income and expenditure Funds received and expenditure incurred by the charity for fundraising events to be held in the future are treated as deferred income and expenditure. 18
continued The Cross Border Orchestra of Ireland IA company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2024 Resources Expended Expenditure is analysed beeen costs of charitable activitios and raising funds. The costs of each activity are 58parately accumulated and disclosed, and analysed according to their major components. Expenditure is recognised when a legal or constructive obligation exists as a result of a past event, a transfer of economic benefits is required in settlement and the amount of the obligation can be reliably measured. Support costs are those functions that assisl the work of the company but cannot be attributed to Dne activity. Such costs are allocated to activities in proportion to staff time spent or other suitable measurè for each activity. Going Concern The financial statements have been prepared on a going concern basis as the truste8s believe that no material uncertainties exist. The tnjstees have considered the level of funds and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. Tangible fixed assets and depreciation Tangible fixed assets are stated al cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows.. Plant and machinery 25 % Straight line Debtors Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Income recognised by the company from govemment agencies and other co-funders, but not yet received al financial year end, is included in debtors. Creditors Creditors and provisions are recognised where the charity has a present obligation resulting from a past event, which will probably result in the transfer of economic value to a third party, and the amount due to settle the obligation can be reliably measured or estimated. Creditors and provisions are normally recognised at their settlem8nt amount aft8r allowing for any trade discounts due and at Iheir presenl value where the time value of money is deemed significant. Funds already received from government agencies and other co-founders that do not meet the criteria for rewgnition as incom8, are shown in creditors. Cash at bank and In hand Cash at bank and in hand comprisés cash on deposit at banks requiring less than three months notice of withdrawal. Taxation No current or deferred taxation arises as tho company has been granted charitable exemption. Irrecoverable valuad added tax is expensed as incurred. The charity is a registered charity, and as such is entitled Io certain tax exomptions on income and profits from investments and surpluses on any trading activities carried out in the furtherance of the charity's primary objectives, if these profits and surpluses are applied solely for charitable purposes. The charity is not registered for VAT and accordingly all their expenditure is inclusive of any VAT retumed. Foreign currencies The financial statements are prepared in Pound {£). Foreign currency transactions are recorded in Pound at tha rate ruling on the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated into Pound at the balance sheet date. The resulting gains and losses are dealt with in the Statement of Financial Activities. SIGNIFICANT ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY In the application of the Charity's accounting policies. the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from otheT sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and undedying assumptions are reviewed on an ongoing basis. R8visions to accounting estimates are recognised in the period in which the estimate is rèvisèd where the revision affects only that 19
continued The Cross Border Orchestra of Ireland (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2024 period, or in the period of the revision and future periods where the revision affects both Gurrent and future periods. Dapreciation and amortisation The directors exercise judgement in the detennination of thè useful economic lives and residual values of all classes of fixed assets. These assets are then depreciated over their useful economic Iiv8S to their residual values. INCOME DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds 2024 2023 Donations Fundraising 2,609 19,975 2,609 19,975 193,837 22,584 22,584 193,837 CHARITABLE ACTIVITIES Unrestricted Restricted Funds Funds 2024 2023 Grants from govornments and other co-funders: Grants Performances CDIDVDIProgramme Sales Membership Exam Fees 50,897 50,897 1,133,550 115,171 9.119 5,557 147,168 1,288,014 142,093 10,090 4,264 1,133,550 115,171 9,119 5,557 1,263,397 50,897 1,314,294 1,591,629 GRANTS RECEIVED 2024 2023 D8partment of Education and Skills Arts Council Grant Funding 50,897 52,197 94,971 50,897 147,168 Government grants are recognised when received by the charity. Grants are used to further the aims of the charity as detailed in the trustees r8POrt. Total Government Grants received for the financial year are £50,897. INVESTMENTS Unrestricted Restricted Funds Funds 2024 2023 Investments 116,882 116,882 20,214 20
continued The Cross Border Orchestra of Ireland IA company Ilmlted by guarantee, not having a Share capital} NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2024 EXPENDITURE CHARITABLE ACTIVITIES Direct Costs Other Costs Support Costs 2024 2023 Performanc&s CDIDVDIProgramme Exam Fees Public fundraisinglappeals Governance Costs (Note 6.21 1.091.126 38,137 5,134 1,061 15,976) 1,085.150 38,137 5,134 1,061 39,869 1,101,212 46,737 4,206 39,869 41,961 1,135,458 (5,976) 39,869 1,169,351 1,194,116 GOVERNANCE COSTS Direct Costs Other Costs Support Costs 2024 2023 Support Costs 39,869 39,869 41,961 ANALYSIS OF SUPPORT COSTS 2024 2023 Insurance Telephone & IT Accountancy General Office Audit 4,946 5,189 9,653 11,261 8.820 4.511 7,109 4,869 13.472 12,000 39,869 41 ,961 NET INCOMING RESOURCES 2024 2023 Net Incoming Resources are statèd after charglngl{credltlng)'. Depreciation of tangible assets (Surplus}Idef1CIt on foreign currencies Auditorfs remuneration.. audit services 16,635 149,157) 19,169 20.301 8,820 12,000 INVESTMENT AND OTHER INCOME 2024 2023 Bank interest 116,882 20,214 21
continued The Cross Border Orchestra of Ireland IA company Ilmlted by guayantee, not having a share capilall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2024 10. EMPLOYEES AND REMUNERATION Number of ernployees The average number of persons employed (including executive trustees) during the financial year was as follows.. 2024 Number 2023 Number Staff The staff costs comprise-. 2024 2023 Wag8s and salaries Social security costs Pension costs 99,681 11.041 347.794 103,433 11,429 458,516 114,862 There was 1 employee who received total employee benefits (excluding employer pension costs} of more than £60.000. The employee benefit fell in the band £70,001- £80,000. The total amount of employèe banefits received by key management personnel is £74,649 (2023: £77,425). 11. TANGIBLE FIXED ASSETS Plant and machinery Total Cost At 1 January 2024 Additions Disposals 127,651 21,679 1981 127,651 21,679 (98) At 31 December 2024 149,232 149,232 Depreclatlon At 1 January 2024 Charge for the financial year On disposals 95,577 16,635 198) 95,577 16.635 (98) At 31 December 2024 112,114 112,114 Net book value At 31 December 2024 37,118 37,118 At 31 Decemb8r 2023 32,074 32,074 12, DEBTORS 2024 2023 Other debtors Prepayments and accrued income 35,279 53,816 11,583 90,086 89,095 101,669 22
continued The Cross Border Orchestra of Ireland IA company Ilmlted by guarantee, not having a share capitall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2024 13. CASH AND CASH EQUIVALENTS 2024 2023 Cash and bank balances Cash equivalents 4,852,862 4,553,908 20,198 4,852,862 4,574.106 The charity held funds in the amount of£1,928.758 at 31 D&cember 2024. This amount is restricted to certain uses as explained in note 14 to the accounts. 14. CREDITORS Amounts falling due withln one year 2024 2023 Taxation and social security costs other creditors Accruals and deferred income 4,400 1,928,758 883,231 5,533 2,012,259 811,780 2,816,38g 2,829,572 Included in other creditors are funds in the amount of £1 ,928,758 at 31 December 2024. The charity had put forward plans for a project in 2021 to the Department of Justice and Equality in the Republic of Ireland. The business plan was accepted by the Department of Justic8 and Equality on the condition the funds are spent foT specific purposes. The charity did not spend any of these funds during 2024 to further this end. Deferred income relates to the sale oftickets for the Peace Proms 2025 and Tour Income for 2025. 15. RESERVES 2024 2023 At the beginning of the year Surplus for the financial year 1.878,277 284,409 1,266,713 611,564 At the end of the year 2,162,686 1,878,277 16. FUNDS 16.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Restricted Funds Funds Total Funds At 1 January 2023 Movement during the financial year 1,229,427 615,400 37,286 (3,836) 1,266,713 611,564 At 31 December 2023 Movement during the financial year 1,844,827 287,159 33,450 {2,750) 1,878,277 284.409 At 31 December 2024 2,131,986 30,700 2,162,686 23
continued The Cross Border Orchestra of Ireland {A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2024 16.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 January 2024 Income Expenditure Transfers Balance between 31 December funds 2024 Restrlcted funds Restricted funds Unrestricted funds Unrestricted General 33,450 50.897 53,647 30,700 1,844,827 1,402,863 1,115,704 2,131,986 Total funds 1,878.277 1,453,760 1,169,351 2.162.686 16.3 ANALYSIS OF NET ASSETS BY FUND Fixed assets charity use Current assets Current liabilities Total Restricted trust funds 1,834 1,957,624 11,928,758) 30,700 Unrestricted general funds 35,284 2,984,648 (887,946) 2,131,986 37,118 4.941,957 {2,816,389) 2,162,686 17. STATUS The company is limiled by guarantee not having a share capital. The liability of the members is limited. Every member of the company undertakes to contribute to the assets of the company in the event of its being wound up while they are members or within one year thereafter for the payment of the debts and liabilities ol the company contracted before they ceased to be members and the costs, charges and expenses of winding up and for the adjustment of the rights of the contributors among themselves such amount as may be required, not exceeding £ 1. 18. TRUSTEES. REMUNERATION The trusteas did not receive a remuneration during the financial year. The trustees did not have any 8xpenses reimbursed during the financial year. 19. RELATED PARTY TRANSACTIONS There are no related party transactions during the period 31 December 2024 {2023-.Nil) 24