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 Concert￿orchestra 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 be￿een 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)
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