Charity No.. 110098 The Ulster Consort Foundation Financial Statements For the Year Ended 31108125 A charity registered with the Charity Commission for Northern Ireland The Ulster Consort Foundation A charity registered with the Charity Commission for Northern Ireland Inforrnation Office 21 Marine Parade Whitehead BT38 9QP Accountants lan Murphy ICA 57 Circular Road Jordanstown BT37 ORB Trustees Elizabeth Aiken Jonathan Ireland Michael Callender Derek Browne Cameron Marshall Jonathan Cubitt The Ulster Consort Foundation Page Accountant'5 Report Profit & Loss Account Balance Sheet Notes to the Financial Statements Pa9e 3 The Ulster Consort Foundation Independent Examinerfs Report to the Member5 of The Ulster Consort Foundation I report on the account5 of the charity for the year ended on pages 6- 11. 3 1108125 which are set out Respective responsibilities of Directors and examiner The charity's Trustees are responsible for the preparation of the accounts. The charity's Trustees consider that an audit is not required for this year (under sertion 4312) of the Charities Act 1993 and the Charities Art INI) 20081 and that afi independent examination is needed. The charity'5 gross income exceeded £25.000 and l am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants Ireland. Having satisfied myself that the chariry is not subject to audit under company law and is eli9ible for Independent examination, it is my responsibility to.. examine the Accounts under Section 65 of the Charities Act to follow the procedures laid down in the general Directions given by the Charity Commi55ion under section 65{91(bl of the Charitie5 Act to state whether particular matters have come to my attention. Basis of independent examinerfs report My examination was carried out in accordance ￿th the general Directlons given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Trustees concerning any such matters. The piocedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion 15 given as to whether the account5 present a.true and fair VI￿ and the report is limited to those matters set out in the statement bel¢)w. My role is to state whether any material matters have come to my attention giving me cause to believe= l. That accounting records were not kept in accordance with section 63 of the Charities Act 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirements of the Charities Acr 4. That there is further information needed for a proper understanding of the accounts to be reached. Independent Examine￿5 Slatement I have completed my examination and have no concerns sn respect of the matters111 to141 lisied above and, in connection with following the Directions of the Charity Commission for Northern Ireland. I have found no matters that require drawin9 to your attention. It1￿ Mmrph lan Murphy 57 Circular Road Jordanstown BT37 ORB The Ulster Consort Foundation Statement of Financial Activities for the period ended 31108125 2025 Restricted Unrestricted Funds Funds Total Incorne Donations Grants Other Income Total Income 50.400 4.000 64,345 114.745 4.000 14.939 79.284 133.684 54.400 Expenses Equipment Venue Hire Charitable Actlvities Administration Overheads Bank Charges Depreciation Total Expenses 38.300 57.648 95.948 5.367 57.648 101.315 43,667 Net Incominglloutgoing) Resources 32.369 There are no recognised gains or losses other than the profit or loss for the above financial year. The notes on page 7 and 8 form an integral pan of these financial statements Page 5 The Ulster Consort Foundation Balance Sheet As at 31108125 2025 Notes Fixed Assets 10.867 Current Assers Debtors Cash at bank and in hand 21,736 21.736 Creditors: amounts falling due within one year Net Current Assets Total Asset5 less current liabilities 32.603 Creditors: amounts falling due after more than one year Net Assets 32.603 Capital and Reserves Restricted Reserves Unrestricted Reserves Total Funds 20.733 11.870 32.603 The trustees, having considered the charity's Income streams. financial means and 5trategi¢ plans over the next 12-18 months. are satisfied that the going concern basis is appropriate. The directors. statement5 are shown on the following page which forms part of this Balance Sheet. Pa￿5 The Ulster Con50rt Foundation Balance sheet (continued) Trustees. statement for the year ended 31108125 For the year ending 31108125 the charity was entitled to exemption from audit under the Charitie5 Att 2008. Dirertor's responsibilities.. •The members have not required the charity to obtain an audit of its accokjnts for the year in question. •The trustees acknowledge their responsibilitle5 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The flnancial statements were approved by the Board on signed on its behalf by and Signature Name Beth Aiken The Ulster Consort Foundatio Notes to the financial statements For the year ended 31108125 Accountlng Policies Accountlng convention The financial statements are prepared under the historical cost convention and follow the recommendations in 'Accounting and Reporting by Charities.. Statement of Recommended Prattice. Incoming resources Income represents the total invoice value of donations. grants and gift aid received during the year. made directly to the Ulster Consort Foundation. Income. includin9 for the purchase of fixed a55etS, 15 recognised in full in the Statemeni of Finaniial Activities in the year In which it is receivable. Resources Expended Resources expended are recognised in the year in which they are Incurred. IA Tangible fixed assets and depreciation Depreciatlon is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life. a5 follows.. Equipment 33% straight line Employees The average number of employees during the year was O Grant Intome 2025 Government Grants Page 8 The Ulster Consort Foundation Notes to the fin￿Cial Statements For the yeaT ended 31108125 4. Property, plant and equipmenr Cost At I September 2024 At 31 August 2025 16.100 10.733 Depreciation At I September 2024 Charge for year At 31 August 2025 5.367 5.367 Net Book Value At 31 August 2025 At 31 August 2024 10.733 5. Trustees advances, credits and guarantees 2025 Balance outstanding at end of year 6. Operating galnl(deficiQ) 2025 OperatÈng gain is stated after charging.. Depreciation and other amounts written off Accountant's remuneration 5,367 7. Debrors 2025 Trade Debtors 8. Credltor5: amounts falllng due wlthln one year ZOZ5 Trade creditors Orher Credltors Accrua15 and deferred income