2025-03-31-accounts

Newry Chamber Music Financial Statements

for the financial year ended 31 March 2025

Charity No: NI 109759

Newry Chamber Music CONTENTS

	Page
Report ofthe Committee Report	3
independent Examiner's Report	4
Income and Expenditure Account	5-6
Balance Sheet	7
NotestotheFinancialStatements	8

ts

Newry Chamber Music COMMITTEE REPORT

for the financial year ended 31 March 2025

The Committee presents their report and the financial statements for the financial year ended 31 March 2025.

Approved by the Committee on 10‘ January 2026 and signed on their behalf by:

/ OnNw CL. Ronan Larkin Chairperson

3

Newry Chamber Music

Independent examiner’s report to the charity trustees of Newry Chamber Music | report on the accounts of Newry Chamber Music for the year ended 315t March 2025, which are set out on pages 5 to 8.

Respective responsibilities of charity trustees and examiner

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008.

It is my responsibility to:-

• ® Examine the accounts under section 65 of the Charities Act

• ¢ Follow the procedures laid down in the general Directions given by the Commission under section 65(9}(b) of the Charities Act

• e State whether particular matters have come to my attention.

Basis of independent examiner’s report

| have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. My examination included a review of the accounting records kept by the charity anda comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.

• My role is to state whether any material matters have come to my attention giving me cause to believe:

• That accounting records were not kept in accordance with section 63 of the Charities Act

• That the accounts do not accord with those account records

• That the accounts do not comply with the accounting requirements of the Charities Act

• That there is further information needed for a proper understanding of the accounts to be reached.

Independent examiner’s statement

| have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, | have found no matters that require drawing to your attention.

Michael Goss FCA

Chartered Accountant Michael Goss & Co Ltd Chartered Accountants Crobane Enterprise Park 25 Hilltown Road, Newry, BT34 2LJ

10 January 2026

I

Newry Chamber Music INCOME AND EXPENDITURE ACCOUNT

for the financial year ended 31 March 2025

	2025	2024
	£	£
Income
NMDC	38,109	22,690
Ticket sales	34,797	13,057
Shared Island	300	-
ACNI H&S Capital	4,975	6,546
ACNi Lottery	50,000	51,000
Private donations	460	940
OtherACNI	7,317	-
NCM Friends	1,400	1,500
Corporate Sponsor	15,000	-
External Promoter Hire	1,950	-
Other	-	5,885
ACIE	30,254	-
	184,562	101,618
Cost of Sales
Artist fees	103,642	52,250
Artist travel	2,471	8,383
Artistaccommodation	4,845	3,828
Design Print Marketing	2,823 1,250 3,962	1,566 730 1,587
IT and website	3,438	1,119
Stage and lighting	910	1,548
Equipment	8,819	389
Venue hire - concerts	3,621	669
Instrument hire	600	431
Piano tuning	765	815
Transport Costs	1,423	1,151
Music Purchases	308	498
	138,877	74,964
Gross Surplus	45,685	26,654
Expenditure
Admin fee	37,271	27,244
Admin expenses	3,391	2,455
Hire ofoffice and rooms	1,325	1,275
Insurance	1,265	1,504
Printing, postage and stationery	104	113
Telephone and fax	392	644
Accountancy	720	-
Bank interest and charges	4	34
Miscellaneous	2,118	274
Subscriptions	320	561
Depreciation on plant and equipment	5,254	§,372
Depreciationonmotorvehicles	4,611	6,149

5

Newry Chamber Music INCOME AND EXPENDITURE ACCOUNT for the financial year ended 31 March 2025

					2025	2024
					£	£
					56,775	45,625
Excess	of	Expenditure	Over	income	(11,090)	(18,971)

The financial statements were approved and authorised for issue by the Committee on 10" January 2026 Signed on behalf of the Committee of Management

Ronan Larkin Chairperson

10'* January 2026

6

Newry Chamber Music BALANCE SHEET

as at 31 March 2025

		2025	2024
	Notes	£	£
Fixed Assets
Tangible assets	1	43,608	53,473
Current Assets
Cash at Bank and in hand	2	9,003	10,228
Net CurrentAssets		9,003	10,228
Total Assets Less Current Liabilities		52,611	63,701
Financed By
Previous balance		63,701	23,078
Capital Account		~	59,594
Excess of Expenditure Over Income		(11,090)	(18,971)
Members’Fund		52,611	63,701

The financial statements were approved and authorised for issue by the Committee on 10" January 2026 Signed on behalf of the Committee of Management

Ronan Larkin Chairperson

10 January 2026

7

Newry Chamber Music NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025

1.	TANGIBLE ASSETS
		Plantand	Motor	Total
		equipment	van
		£	£	£
	Cost
	At 31 March 2025	40,400	24,594	64,994
	Accumulated Depreciation
	At 1 April 2024	5,372	6,149	11,521
	Charge forthe financial year	5,254	4,611	9,865
	At 31 March 2025	10,626	10,760	21,386
	Net book value
	At 31 March 2025	29,774	13,834	43,608
	At 31 March 2024	35,028	18,445	53,473
2.	CASH AND CASH EQUIVALENTS
			2025	2024
			£	£
	Cashandbankbalances		9,003	10,228

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