Jazzlife Alliance 2024 Limited

Contents

Company Information	1
Directors' Report	2
Accountants' Report	3
Statement of comprehensive income and retained earnings	4
Statement of financial position	5
Notes to the Unaudited Financial Statements	6 to 7
Detailed Income statement	8

Jazzlife Alliance 2024 Limited

Company Information

Directors

Mr I N Tully MBE Mrs M Falconer Mrs L Jackson-Moore Mr M Wright

Registered office

20 Armagh Road, Portadown Craigavon BT62 3DP

Accountants

Johnstone Kemp Tooley Ltd Chartered Certified AccountantsSolo House The Courtyard London Road Horsham West Sussex RH12 1AT

Jazzlife Alliance 2024 Limited

Directors' Report for the Year Ended 31 October 2025

The directors present their report and the financial statements for the year ended 31 October 2025.

Directors of the company

The directors who held office during the year were as follows:

Mr I N Tully MBE

Mrs M Falconer

Mrs L Jackson-Moore

Mr M Wright

Principal activity

The principal activity of the company is a not-for-profit talent development organisation specialising in teaching jazz and improvisation to young musicians.

Background

Jazzlife Alliance (the company's trading name) started as a CIC in 2018, and began its flagship Jazz Juniors scheme in 2020 when it received its first grant from ACNI (Arts Council N Ireland). As it grew, the Directors realised that it would benefit from becoming a Registered Charity. Unfortunately in N Ireland (unlike GB) a CIC cannot become a Charity; the recommended route is to form a new Limited Company, register that as a Charity, transfer the CIC's assets to the new Company for zero consideration, and then wind up the CIC. During 2024 the Directors of Jazzlife Alliance CIC did exactly that, forming a new Company called Jazzlife Alliance 2024 Limited of which they became the Directors, registering it as charity number 110305 with the N Ireland Charity Commission, transferring the CIC's assets to the new Company, and continuing to run its talent development activities under the same trading name Jazzlife Alliance.

The financial records of Jazzlife Alliance CIC are a matter of public record and available on request from Jazzlife Alliance 2024 Limited.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 27 November 2025 and signed on its behalf by:
 

......................................... Mr I N Tully MBE Director

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Jazzlife Alliance 2024 Limited
for the Year Ended 31 October 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Jazzlife Alliance 2024 Limited for the year ended 31 October 2025 as set out on pages 4 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/gb/en/discover/public-
value/rulebook.html.

This report is made solely to the Board of Directors of Jazzlife Alliance 2024 Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Jazzlife Alliance 2024 Limited and state those matters that we have agreed to state to the Board of Directors of Jazzlife Alliance 2024 Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-
activities/technical-resources-search/2009/october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jazzlife Alliance 2024 Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Jazzlife Alliance 2024 Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Jazzlife Alliance 2024 Limited. You consider that Jazzlife Alliance 2024 Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Jazzlife Alliance 2024 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Johnstone Kemp Tooley Ltd Chartered Certified Accountants
Solo House
The Courtyard
London Road
Horsham
West Sussex
RH12 1AT

27 November 2025

Jazzlife Alliance 2024 Limited

Statement of comprehensive income and retained earnings
for the Year Ended 31 October 2025

	Note	2025 £
Turnover		44,904
Administrative expenses		(42,338)
Operating surplus		2,566
Other interest receivable and similar income		118
		118
Surplus before tax	4	2,684
Surplus for the financial year		2,684
Retained earnings brought forward		-
Retained earnings carried forward		2,684

Jazzlife Alliance 2024 Limited

(Registration number: NI722734)
Statement of financial position as at 31 October 2025

	Note	2025 £
Fixed assets
Tangible assets	5	5,099
Current assets
Cash at bank and in hand		16,793
Creditors: Amounts falling due within one year	6	(19,208)
Net current liabilities		(2,415)
Net assets		2,684
Reserves
Retained earnings		2,684
Surplus		2,684

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 27 November 2025 and signed on its behalf by:
 

......................................... Mr I N Tully MBE Director

Jazzlife Alliance 2024 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1	General information

The company is a registered charity company limited by guarantee, incorporated in Northern Ireland, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

 

The address of its registered office is:
20 Armagh Road,
Portadown
Craigavon
BT62 3DP
Northern Ireland

These financial statements were authorised for issue by the Board on 27 November 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises grants and donations.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Musical equipment	20% straight line

Jazzlife Alliance 2024 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0.

4	Profit before tax

Arrived at after charging/(crediting)

	2025 £
Depreciation expense	1,276

5	Tangible assets

	Musical equipment  £	Total £
Cost or valuation
Additions	6,374	6,374
At 31 October 2025	6,374	6,374
Depreciation
Charge for the year	1,275	1,275
At 31 October 2025	1,275	1,275
Carrying amount
At 31 October 2025	5,099	5,099

6

Creditors

Creditors: amounts falling due within one year

	2025 £
Due within one year
Accruals and deferred income	19,208

Jazzlife Alliance 2024 Limited

Detailed Income statement for the Year Ended 31 October 2025

	2025  £
Income
ACNI grants	14,964
Trust & Foundation grants	12,036
General donations	5,977
Gift Aid	705
Transferred from the CIC	11,222
	44,904
Gross surplus (%)	100%
Administrative expenses
Mentoring	15,000
Jazz Juniors roadshows	1,200
Jazz Juniors coaches	10,520
Promotional expenses	160
Masterclasses	1,400
Audition workshops	500
Jazzlife Jam	2,300
Student bursaries	2,150
Rent of rehearsal premises in Belfast, Omagh & Armagh	6,435
Insurance	440
Sundry expenses	35
Accountancy fees	720
Consultancy fees	97
Bank charges	105
Depreciation of office equipment (owned)	1,276
	(42,338)
Operating surplus	2,566
Other interest receivable and similar income	118
Surplus before tax	2,684