ANTRIM SCHOOL OF MUSIC CIC

Company limited by guarantee

Company Registration Number:
NI683652 (Northern Ireland)

Unaudited statutory accounts for the year ended 30 November 2024

Period of accounts

Start date: 1 December 2023

End date: 30 November 2024

ANTRIM SCHOOL OF MUSIC CIC

Contents of the Financial Statements

for the Period Ended 30 November 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

ANTRIM SCHOOL OF MUSIC CIC

Directors' report period ended 30 November 2024

The directors present their report with the financial statements of the company for the period ended 30 November 2024

Principal activities of the company

The principal activity of the Community Interest Company during the year was the provision of accessible music education within the Antrim area. The company delivers instrumental tuition, workshops, and performance opportunities to individuals of all ages, with a particular emphasis on community inclusion, youth development, and musical engagement.

Additional information

Public Benefit and Community Engagement The company operates for the benefit of the community, using music education as a tool to foster confidence, discipline, creativity, and connection. Our work has positively impacted individuals across Antrim and surrounding areas, particularly young people, who gain not only technical skills but also emotional and social development through participation. Through our ongoing programme of community-based performances and collaborative events, students are encouraged to give back to the local community, promoting civic pride and intergenerational engagement. Future Developments In the coming year, the directors aim to expand outreach into rural areas, partner with local schools and charities, and explore funding options to support the development of a dedicated teaching and performance space.



Directors

The directors shown below have held office during the whole of the period from
1 December 2023 to 30 November 2024

Rebecca Maureen McPolin
Victoria Tracy Kyles


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
11 June 2025

And signed on behalf of the board by:
Name: Victoria Tracy Kyles
Status: Director

ANTRIM SCHOOL OF MUSIC CIC

Profit And Loss Account

for the Period Ended 30 November 2024

2024 2023


£

£
Turnover: 67,532 28,961
Cost of sales: ( 53,215 ) ( 24,374 )
Gross profit(or loss): 14,317 4,587
Distribution costs: 0 0
Administrative expenses: ( 15,033 ) ( 7,791 )
Other operating income: 0 0
Operating profit(or loss): (716) (3,204)
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (716) (3,204)
Tax: 0 0
Profit(or loss) for the financial year: (716) (3,204)

ANTRIM SCHOOL OF MUSIC CIC

Balance sheet

As at 30 November 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 775 1,550
Investments:   0 0
Total fixed assets: 775 1,550
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 670 416
Investments:   0 0
Total current assets: 670 416
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 495 ) ( 300 )
Net current assets (liabilities): 175 116
Total assets less current liabilities: 950 1,666
Total net assets (liabilities): 950 1,666
Members' funds
Profit and loss account: 950 1,666
Total members' funds: 950 1,666

The notes form part of these financial statements

ANTRIM SCHOOL OF MUSIC CIC

Balance sheet statements

For the year ending 30 November 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 11 June 2025
and signed on behalf of the board by:

Name: Rebecca Maureen McPolin
Status: Director

The notes form part of these financial statements

ANTRIM SCHOOL OF MUSIC CIC

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Plant and Machinery - 4 Years Straight Line

    Other accounting policies

    Inventories Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion. Deferred taxation Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted. Government grants Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss. Going concern At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors shall continue to adopt the going concern basis of accounting in preparing the financial statements.

ANTRIM SCHOOL OF MUSIC CIC

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

ANTRIM SCHOOL OF MUSIC CIC

Notes to the Financial Statements

for the Period Ended 30 November 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2023 3,100 3,100
Additions
Disposals
Revaluations
Transfers
At 30 November 2024 3,100 3,100
Depreciation
At 1 December 2023 1,550 1,550
Charge for year 775 775
On disposals
Other adjustments
At 30 November 2024 2,325 2,325
Net book value
At 30 November 2024 775 775
At 30 November 2023 1,550 1,550

ANTRIM SCHOOL OF MUSIC CIC

Notes to the Financial Statements

for the Period Ended 30 November 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 495 300
Total 495 300

COMMUNITY INTEREST ANNUAL REPORT

ANTRIM SCHOOL OF MUSIC CIC

Company Number: NI683652 (Northern Ireland)

Year Ending: 30 November 2024

Company activities and impact

Antrim School of Music C.I.C. is committed to enriching the local community by providing inclusive access to high-quality music education. Through a range of instrumental tuition programmes, we support individuals of all ages and abilities in developing their musical skills. Our focus on accessibility ensures that everyone, regardless of background, can participate and benefit. In addition, we create meaningful opportunities for our students to contribute positively to the community - whether through public performances, outreach activities, or volunteering - fostering a culture of creativity, collaboration, and social impact.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
11 June 2025

And signed on behalf of the board by:
Name: Rebecca Maureen McPolin
Status: Director