## **LIVERPOOL IRISH FESTIVAL UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021** Company Number: 4800736 Charity Number: 1100126 ## **LIVERPOOL IRISH FESTIVAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** ## **TRUSTEES** John Chandler (Chair) John Eustace (Treasurer) Tony Birtill (Resigned 4 October 2021) Patrick Donnelly (Resigned 14 December 2021) Prof. Mary Hickman Prof. Peter Shirlow (Resigned 14 December 2021) Paul Hogan (Resigned 2 November 2021) Eamonn Lavin Siobhan Noble Siubhán Macauley Martin Bond Gerard Diver (appointed 14 December 2021) ## **SECRETARY** John Chandler ## **REGISTERED OFFICE** 5 Rutherford Road Mossley Hill Liverpool L18 OHJ ## **COMPANY NUMBER** 4800736 ## **CHARITY NUMBER** 1100126 ## **BANKERS** NatWest Bank ## **ACCOUNTANTS** Adding Value Consultancy Ltd Studio 19 Bluecoat Chambers Liverpool L1 3BX 2 | P a g e ## **LIVERPOOL IRISH FESTIVAL** ## **ACCOUNTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2021** |**CONTENTS**|**Page**| |---|---| |Report of the Trustees|4| |Independent Examiner's Statement|10| |Statement of Financial Activities|11| |Balance Sheet|12| |Notes to the Accounts|13-17| |Detailed Statement of Financial Activities|
18| 3 | P a g e ## **LIVERPOOL IRISH FESTIVAL FOR THE YEAR ENDED 31 DECEMBER 2021 TRUSTEES' REPORT** The trustees present their report and accounts for the year ended 31 December 2021. ## **PRINCIPAL ACTIVITIES** The principal activity of the charity is to bring Liverpool and Ireland closer together using arts and culture. ## **LEGAL STATUS** _Liverpool Irish Festival_ is a company limited by guarantee with charitable status. It does not have a share capital. ## **ORGANISATION OF THE CHARITY** The charity has a board of trustees, who are also the members of the charity, who oversee the general management and control of the company. In setting policies, the trustees have complied with their duty in section 15 of the _Charities Act_ 2011 to have due regard to public benefit guidance published by the _Charity Commission_ . The board meets roughly 10 times per year to discuss and oversee the charity's financial, artistic and administrative activities. There are presently subcommittees for finance and development, which meet when necessary and report back to the main board. The day-to-day operations management is carried out by members of the board in a voluntary capacity, supported by a contracted Artistic Director and CEO. A rolling contract for PR and Communications provision is in place, along with website management and security, each outsourced to trusted local contractors. ## **TRUSTEES** The names of the present trustees -and of all who held office during the year- are shown on Page 2 of these financial statements. No remuneration was paid to any trustee for their services as a trustee, nor did any trustee have a material interest in any of the charity's contracts. ## **INDUCTION AND TRAINING OF TRUSTEES** Trustees are selected based upon their professional skills to complement those of the existing trustees or replace those of retiring trustees. Current trustees bring their skills and experience from a wide range of professions. All are committed to or experienced in the arts and cultural sector. Board induction involves attending a trustees' interview prior to appointment, meeting the trustees and receiving copies of policies, business plans and accounts. Training needs are continually assessed and implemented as required. 4 | P a g e ## **TRUSTEES RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS** The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and regulations. Company law requires the trustees to prepare financial statements in accordance with the _United Kingdom Generally Accepted Accounting Practice_ ( _United Kingdom Accounting Standards_ and applicable law). Under 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 charity and of the net incoming or outgoing resources of the charity for that period. ln preparing these financial statements the trustees are required to: - select suitable accounting policies and they apply them consistently - observe the methods and principles of the _Charities Statement of Recommended Practices_ (SORP) - make judgements and estimates that are reasonable and prudent - state whether applicable UK accounting standards have been followed subject to any material departures disclosed and explained in the financial statements - prepare the financial statements on the going concern basis, unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose -with reasonable accuracy, at any time- the financial position of the charity, enabling them to ensure that the financial statements comply with the _Companies Act_ 2006. They are also responsible for safeguarding the assets of the charity and hence for taking responsible steps for the prevention and detection of fraud and other irregularities. ## **RISK ASSESSMENT** The charity confirms that the Board regularly review the major risks faced by the charity to ensure that procedures and controls established by the organisation are designed to mitigate those risks. The risk of shortfalls of funding and other income has been given serious consideration. Projects are only undertaken if financially viable. ## **OBJECTIVES AND ACTIVITIES** ln accordance with the charity's _Articles of Association_ , the principal objectives are “the advancement of the - arts in music, drama, literature and the plastic arts, in particular but without limitation to the generality thereof those arts originating or developed in the island of Ireland - education of the public in these arts by the encouragement of their performance and display - education of the public in the arts of music, drama, literature and the plastic arts, in particular but without limitation to the generality thereof those arts originating or developed in the island of Ireland”. 5 | P a g e ## **CONTRIBUTION OF VOLUNTEERS** The charity is supported by highly experienced and dedicated volunteer Board members. Additionally, the annual Festival is supported in its sub-group planning and delivery of events by a team of volunteers. ## **PUBLIC BENEFIT** _Liverpool Irish Festival_ provides a high quality and wide-ranging Festival, within Liverpool and the surrounding area, open to all the community. Events range from music, film, education, literature, drama and performance. The programme is rich and varied and makes a serious attempt to create a Festival that showcases the breadth of contemporary Irish culture and the deep roots of Liverpool's relationship with Ireland. ## **REVIEW OF THE ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR** The _Liverpool Irish Festival_ is unique in its field, as the only arts and culture-led Irish festival in the world. Celebrating Liverpool’s unique connection gives us something exportable that ‘brings Liverpool and Ireland closer together using arts and culture’. The 2020 Festival’s theme “exchange” was extended to 2021, allowing deeper exploration of the topic under the restrictions Covid-19 imposed. We delivered 63 Festival events over the year, 12 of which were live virtual/hybrid events, with 5 wholly virtual (e.g., premières). A few events were cancelled because of weather, illness or Covid. In total we attracted an audience total of 25,907 with a further 8,703 viewing films and events. Even with Covid dominating the media, we attained a press reach of almost 3m; and impressions of close to 2m on _Facebook_ and 279,000 on _Twitter_ . Of our local audiences, we had representation from 70% of Liverpool’s residential postcodes. Overall, 68% of 2021’s audiences were local, 28% national and 4% international. 92.54% of audiences rated the Festival as 8/10 or above, with an impressively high average score of 9.18/10. The annual _#GlobalGreening_ (Mar) programme was heavily impacted by Covid-19, but still considerably boosted our overall visitor figures. The Festival also contributed to the national St. Brigid’s Day events (Feb). Liverpool City Council was unable to run the _River Festival_ (normally attracting 5-6k visitors) or host _Liverpool Pride_ this year, due to ongoing pandemic restrictions, affecting some of our event counts and potential revenue. We worked with 81 partners and 174 active contributors in the delivery of commissions (2020: 107); presenting work from many more dancers, musicians and filmmakers. The Festival developed 34 commissions (photo-stories, articles, podcasts, films and songs; on a turnover of £117,775. It is important to recognise the funding boost we received in Oct 2020 from the _Arts Council England_ ’s _Cultural Recovery Fund_ (£45,450), which brought an additional £5,050 to 2021’s income and continued to support services throughout the year. 6 | P a g e ## **REVIEW OF THE ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR (continued)** We entered the year with £30,506 in unrestricted funds and leave the year with £67,263. Maintaining this reserve is extremely important for our sustainability and resilience, alongside a compliance requirement for certain funders (who only provide grants based on an organisation’s ability to prove a minimum of six months’ worth of reserves). Sustaining this reserve is a considerable achievement within the current fundraising landscape. Prudent cash handling and financial planning is at the root of this. Whilst maintaining an FTE Artistic Director and CEO (1 post) throughout the year, we have additionally paid for 157 FTE artist days, bringing added value to the sector, whilst continuing our business. The successful _National Lottery Heritage Fund_ bid enabled work to begin on the _Liverpool Irish Famine Trail_ , opening a programme of future public realm work that will develop our profile; grow city, regional and international influence and connection, whilst additionally building a year ‘round offer. In this enterprise we are acquiring local and international partners; a volunteer cohort and History Research Group lead; volumes of research/content assets as well as legacy materials that may develop income streams. The Festival is overseen by the eight-strong Board, which now welcomes Councillor Harry Doyle, Cabinet Member for Culture and Visitor Economy, who replaces Councillor Wendy Simon as the Council’s observer. We greatly appreciate the support that Wendy has given the Festival over many years. Towards the end of the year, we had two sad losses: Tony Birtill, who was -after the Chair- the longest standing Board member and Clive Pownceby, the Board’s first Treasurer. Both gave the Festival great service and were held in immense esteem for their services in the community. They will be sorely missed by many. The Board reappraised the Festival Director’s role, as a consequence of the increased span of responsibility, re-designating it as ‘Artistic Director and Chief Executive Officer’. She, Emma Smith, recruited a volunteer team of 18 (across front-of-house and _Liverpool Irish Famine Trail_ roles). Despite best efforts, we have not yet been able to expand the team to include Development, Content and Engagement Coordinators. This will be readdressed in 2022 due to the ongoing concern capacity presents to resilience and delivery. We made funding applications totalling £1,068,372, landing £115,183 (or just over 10%) of our bids in public grants; 14% more than in 2020. Regular funders included Liverpool City Council (£20.4k) and the Irish Government’s _Emigrant Support Programme_ (£11.5k). We are fortunate to have received £8k from the UK Government’s _Small Business Relief Support_ and £47k from the _National Lottery Heritage Fund_ bid (£41k in 2021 with the rest to follow in 2022). We succeeded, too, in obtaining £27k from _Arts Council England_ , for _#LIF2021_ arts programming, and reinstated support from _Tourism Ireland_ . Net ticket income generated via _Eventbrite_ , for the 30 events the Festival ticket-managed, raised £2,870. This is a major advance on last year, when 15 ticketed events had raised £528. 7 | P a g e ## **REVIEW OF THE ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR (continued)** The Festival Board ran a successful _Fundraising Ceílí_ late in the year and is thankful for the support of the _Ullet Road Unitarian Church_ and its Minister, the Rev. Philip Waldron, Mike Stoddart at _Oddbins_ (Allerton Road) and _The Philharmonic Dining Rooms_ . Finally, we should highlight our sustained involvement in _CARA_ , the North West’s community cohesion network initiated in 2020 and the continuing significance of the _Cultural Connectedness Exchange Network_ of Irish and Northern artists, along with those who commission Irish work in England. Initiated, hosted and managed by the Festival (and chaired by Emma Smith), the group held an exchange day, as part of _#LIF2021_ , which scored highly in our surveys. Both the day and Festival launch, at _the Liverpool Irish Centre_ , were attended by Sarah Mangan, the new Consul General. We thank our artists, partners and sponsors; collaborators and networks; venues, friends and every visitor and audience member for joining us for _#LIF2021._ We hope you will and join us next year – 20-30 Oct 2022. ## **FINANCIAL REVIEW** The year ended 31st December 2021 saw incoming resources of £117,775 (2020: £107,060) Total outgoing resources were £99,816 (2020: £57,424) giving rise to net incoming resources of £17,959 (2020: £49,636), of which £16,803 is restricted for future activity. ## **RESERVES POLICY** The level of free reserves as at 31st December 2021 is £67,623 (2020: £30,507). As previously, the trustees seek to ensure that sufficient funds are held in reserve following the Festival in order to fund the post of the Artistic Director and CEO for the following year’s festival. Under no circumstances will the charity be allowed to go into deficit and the Festival’s programme will be adapted to reflect the level of funding received in any given year. In accordance with funder needs, the Festival seeks to maintain unrestricted reserves at a level that covers 3-6 months of operational costs. ## **FUTURE PLANS** At the time of writing, the impact of Covid-19 continues to disrupt the operating environment, with restrictions on public gatherings, social distancing and high competition for funds. At the time of writing, the bank balance is relatively healthy, with funding in hand for the roll out of existing projects. However, the Director and trustees are continually reviewing the nature and timing of all Festival events and activities, and budget planning accordingly. The Festival continues to work hard on securing multi-year funds (such as those received under the city council’s ‘Culture and Arts Investment Programme’, under review in 2022), moving from a ‘project’ offer/reputation to a year-round organisation. Ideally, we’d secure a 5-year project with a long-term funder that allowed us to work on deep community engagement. 8 | P a g e ## **FUTURE PLANS (continued)** We have worked hard to pull in the timing of the completion of our accounts to meet certain funding needs, chiefly the _Emigrant Support Programme_ application to the Irish Government. We hope that doing this will be viewed positively, acknowledging this has been a stumbling block in the past. Key to work in 2022 is our _Arts Council England_ application for National Portfolio Organisation status. We have done much already to align ourselves in readiness for making this application, including changing our monitoring surveys, reviewing our policy pack, reappraising our trustee recruitment materials and strengthening our website and data infrastructures. If successful, we will secure funding through to 2025. As the lowest application to be made is £50,000 per year, we plan to expand our team, generating capacity for development, content creation and event delivery. As decisions for this will not be made until October 2022 or delivered until April 2023, we will additionally apply for _Arts Council England_ grant funding in Q1-Q2 of 2022 and _National Lottery Heritage Funding_ in Q2-Q3 (both c.12-week fund turnarounds), ready for Q3-Q4. The latter must follow the successful conclusion of the first _National Lottery Heritage Fund_ project, which we intend to complete in April. ## **APPROVAL** The report was prepared in accordance with the special provisions within Part 15 of the _Companies Act_ 2006. This report was approved by the Board of Trustees on 7 February 2022. John Chandler (Chair) Trustee 9 | P a g e ## **LIVERPOOL IRISH FESTIVAL INDEPENDENT EXAMINER'S STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2021** ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LIVERPOOL IRISH FESTIVAL** I report to the trustees on our examination of the accounts for the year ended 31 December 2021. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the _Charities Act_ 2011 (‘the Act’). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the _Charity Commission_ under section 145(5)(b) of the Act. ## **Independent examiner’s statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the _Charities (Accounts and Reports) Regulations_ 2008 other than any requirement that the accounts give a ‘true and fair view’, which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Matthew Brown, CPFA Adding Value Consultancy Ltd Accountants and Financial Management Consultants Date: 7 February 2022 10 | P a g e ## **LIVERPOOL IRISH FESTIVAL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021** |**Income**
Income from generated funds
Income from charitable activities
**Total Income and endowments**
**Expenses**
Cost of generating funds
Expenditure on charitable activities
Total Expenses
**Net gains on investments**
**Net income**
**Gains/(losses) on revaluation of fixed assets**
**Net movement in funds:**
**Net income for the year**
Total funds brought forward
Transfer between funds
**Net funds carried forward**|**Unrestricted Restricted**
**2021**
**_2020_**
**funds**
**funds**
**Total**
**_Total_**
38,235
79,540
117,775
_107,060_
**38,235**
**79,540**
**117,775**
**_107,060_**
1,478
98,338
99,816
_57,424_| |---|---| ||**1,478**
**98,338**
**99,816**
_57,424_| ||**36,757**
**(18,798)**
**17,959**
**_49,636_**| ||**36,757**
**(18,798)**
**17,959**
**_49,636_**
30,506
35,601
66,107
_16,471_
-
-
- -| ||**67,263**
**16,803**
**84,066**
**_66,107_**| This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 11 | P a g e ## **LIVERPOOL IRISH FESTIVAL BALANCE SHEET** ## **AS AT 31 DECEMBER 2021** Company Number: 4800736 |Company Number: 4800736|||||||| |---|---|---|---|---|---|---|---| ||**Notes**|||**2021**|||**_2020_**| |||**£**||**£**|**_£_**|**_£_**|| |**CURRENT ASSETS**|||||||| |Debtors (amounts falling due within one year)|**3**||3,185||_7,409_||| |Cash at bank and in hand|||87,445||_64,505_||| ||||90,629||_71,914_||| |**CREDITORS: Amounts falling due within one year**|**4**||6,563||_5,807_||| |**NET CURRENT ASSETS**||||84,066|||_66,107_| |**TOTAL ASSETS LESS CURRENT LIABILITIES**||||84,066|||_66,107_| |**RESERVES**|||||||| |**Unrestricted funds**|**6**||||||| |General fund||||67,263|||_30,506_
| |**Restricted funds**|**7**|||16,803|||_35,601_| |||||84,066|||_66,107_| For the year ending 31 December 2021 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 in accordance with the provisions applicable to companies subject to the small companies’ regime. Approved by the board of trustees on 7 February 2022 and signed on their behalf by John Chandler (Chair) Trustee 12 | P a g e ## **LIVERPOOL IRISH FESTIVAL** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021** ## **1. ACCOUNTING POLICIES** ## **1a. Basis of Accounting** The accounts have been prepared under the historical cost convention. The accounts have been prepared in accordance with FRS102 - The _Financial Reporting Standard_ applicable in the UK and Republic of Ireland and the _Companies Act_ 2006 and the requirements of the _Statement of Recommended Practice, Accounting and Reporting by Charities_ . ## **1b. lncoming Resources** Total incoming resources -as shown in the Statement of Financial Activities- represents the amounts earned by the charity during the year for services rendered, project grants received and receivable, donations, sponsorship and other sundry income. The charity is not registered for VAT. Income from donations and grants is included in incoming resources when receivable except as follows. When donors specify that donations and grants given to the charity must be used in future accounting periods, the income is deferred until those periods. When donors impose conditions, which must be fulfilled before the charity becomes entitled to use such income, the income is deferred and not included in incoming resources until the pre-conditions for use have been met. When donors specify that donations and grants are for restricted purposes, which do not amount to pre-conditions regarding entitlement, this income is included in incoming resources as restricted funds when receivable. ## **1c. Resources Expended** Resources expended are included in the Statement of Financial Activities on an accruals basis. All amounts expended are in the furtherance of the charitable objectives of the charity and are therefore considered to be direct charitable expenditure except for accountancy costs shown as governance costs. ## **1d. Allocation and Apportionment of Costs** All costs relate to the single activity of the charitable company and are recognised accordingly. ## **1e. Fund Accounting** Funds held by the charity are either: - unrestricted general funds which can be used in accordance with the charitable objects at the discretion of the trustees - restricted funds which can only be used for restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for a particular purpose. ## **1f. Turnover** Turnover represents the invoiced value of goods and services supplied by the company. 13 | P a g e ## **LIVERPOOL IRISH FESTIVAL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021** ## **1g. Income Recognition Policies** Items of income are recognised and included in the accounts when all the following are met (1) the charity has entitlement to the funds; (2) any performance conditions attached to the income have been met or are fully within the control of the charity; (3) there is sufficient certainty that receipt of the income is considered probable and (4) the amount can be measured reliably. ## **1h. Debtor** Trade and other debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid after taking account of any discount due. ## **1i. Cash at Bank And ln Hand** Cash at bank and in hand includes cash and short-term liquid investments with a short maturity of 3 months or less from the date of acquisition or opening of the deposit or similar account. ## **1j. Creditors and Provisions** Creditors and provisions are recognised where the charity has a present obligation, resulting from a past event, that will probably result in a transfer of funds to a third party and the amount due to settle can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any discount due. ## **1k. Financial Instruments** The charity has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. ## **1l. Basis of Preparing the Accounts** At the time of preparing the accounts, the trustees have reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The trustees therefore continue to operate the going concern basis of accounting in the preparation of the accounts. ## **2. DIRECTORS AND EMPLOYEES** There were no employees and no employee costs during the year (2020: nil). No remuneration was paid to any trustee for their services as a trustee. The charity engages the Artistic Director and CEO on a freelance basis. ## **3. DEBTORS** |Amounts falling due within one year:
Prepayments
Other debtors|**2021**
**_2020_**
**£**
**£**
485
_324_
2,700
_7,085_
3,185
_7,409_| |---|---| 14 | P a g e ## **LIVERPOOL IRISH FESTIVAL** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021** ## **4. CREDITORS** |**. CREDITORS**||| |---|---|---| |Deferred Income
Other creditors|**2021**
**£**
1,017
5,546
6,563|**_2020_**
**£**
_5,087_
_720_| |||_5,807_| ## **5. LIMITED BY GUARANTEE** The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum not exceeding £5, to the company should it be wound up. ## **6. UNRESTRICTED FUNDS** |General Fund|**Brought**
**Incoming**
**Outgoing**
**Carried**
**forward**
**resources**
**resources**
**Transfers**
**forward**
**£**
**£**
**£**
**£**
**£**
30,506
38,235
(1,478)
_-_
67,263| |---|---| ||30,506
38,235
(1,478)
-
67,263| ## **7. RESTRICTED FUNDS** |**7. RESTRICTED FUNDS**|||||| |---|---|---|---|---|---| ||**Brought**|**Incoming**|**Outgoing**||**Carried**| ||**forward**|**resources**|**resources**|**Transfers**|**forward**| ||**£**|**£**|**£**|**£**|**£**| |Irish Government Emigrant Support Programme|5,750|11,500|(17,250)|_-_|-
| |Arts Council England Cultural Recovery Fund|29,851|_-_|(29,851)|_-_|-| |Arts Council England National Lottery Project Grant (_#LIF2021_)|_-_|27,000|(27,000)|_-_|-| |National Lottery Heritage Fund (_Liverpool Irish Famine Trail_)|_-_|41,040|(24,237)|_-_|16,803| ||35,601|79,540|(98,338)|_-_|16,803| ## **With thanks to our grant funders:** ## Irish Government’s _Emigrant Support Programme_ : - Provides core funds for roles within Liverpool Irish Festival (£11,500) ## _Arts Council England_ - Provided funds for the artistic programme, artist time and print and distribution of the Festival’s 30,000 newspapers, including 15 commissions (£27,000) ## Liverpool City Council - Invests money via _Culture Arts Investment Programme_ to the Festival’s ‘areas of greatest need’, allowing us to choose where to invest their funds across our portfolio of work, meetings gaps between each funder’s allowances (£20,347) ## _National Lottery Heritage Fund_ - Has enabled us to begin work on the first of 5 planned stages of work for the _Liverpool Irish Famine Trail._ By its conclusion, we will have a strong volunteer cohort and lead; an archive and 15 | P a g e asset register; a short promotional film, book and map; a brief for a digital application and content to populate an app with (£41,040). ## **8. ANALYSIS OF NET ASSETS BETWEEN FUNDS** |**9. OUTGOING RESOURCES**
Net Current Assets
Direct Project Expenses:
Direct Event Costs
Indirect Project Costs:
Marketing, PR and Advertising
Festival Brochure and Distribution & Design
Research and Evaluation Professional Fees
Domain licences and Website Design
Other Support Costs:
Freelance Festival Director
Expenses - Manager and Volunteers
Board Development
Other Overheads
Insurance
Total Costs of Charitable Activities
Governance costs - Accountancy
Total Outgoing Resources|**General**
**Unrestricted Restricted Total**
**funds**
**funds**
**Funds**
**£**
**£**
**£**
67,263
16,803
84,066
**2021**
**_2020_**
**£**
**_£_**
20,357
_3,507_
20,357
_3,507_
1,000
_2,130_
12,666
_7,710_
7,209
-
1,102
_311_
21,977
_10,151_
50,261
_38,644_
275
-
274
_250_
4,654
_4,152_
957
-
56,421
_43,046_
98,754
_56,704_
1,062
_720_
99,816
_57,424_| |---|---| 16 | P a g e ## **LIVERPOOL IRISH FESTIVAL** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021** ## **10. INCOMING RESOURCES** |**10. INCOMING RESOURCES**||| |---|---|---| |Unrestricted Funds:
Merchandising and Events Income
LCC Business Relief Grant
Liverpool City Council CAIP
Donations
Tourism Ireland Sponsorship
Other
Total Incoming Resources Unrestricted
Restricted Funds - Grants and Donations:
Irish Government Emigrant Support Programme
Arts Council Cultural Recovery Fund
Arts Council National Lottery Project Grant
National Lottery Heritage Fund for Famine Trail
Writing on the Wall
Total Incoming Resources - Restricted
Total Incoming Resources from Charitable Activities|**2021**
**£**
4,354
8,000
20,347
1,890
3,000
644
38,235
11,500
-
27,000
41,040
-
79,540
117,775|**_2020_**
**_£_**
_658_
_10,000_
_15,260_
_6,083_
-
_2,675_| |||_34,676_
_21,295_
_50,500_
-
-
589| |||_72,384_
_107,060_| 17 | P a g e ## **LIVERPOOL IRISH FESTIVAL** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES** ## **FOR THE YEAR ENDED 31 DECEMBER 2021** ## **Incoming Resources** |**Incoming Resources**||||| |---|---|---|---|---| |**for the year ending 31 December 2021**
**Incoming Resources**
**Incoming Resources from generated funds:**
**Charitable Activity**
Merchandising and Events Income
Unrestricted Grant
Sponsorship Income and Donations
Restricted Grants for Festival and Projects
**Expenses**
**for the year ending 31 December 2021**
**Expenses**
**Cost of generating funds**
**Charitable Activities**
Direct Event Costs
Freelance Festival Director
Insurance
Manager & Volunteer Expenses
Board Expenses
Board Development
Office Expenses
Website
Marketing and PR
Subscriptions
Festival Brochure & Design
Research and Evaluation Professional Fees
**Governance Costs**
Governance Costs - Accountancy
**Net Income**|4,354
28,347
5,533
79,540|**2021**
**£**
117,775|_658_
_25,260_
_8,758_
_72,384_|**_2020_**
**£**
_107,060_| |||||| |||117,775||_107,060_| |||**2021**
**£**
20,357
50,261
957
275
-
274
4,228
1,102
1,000
426
12,666
7,209||**_2020_**
**£**
_3,507_
_38,644_
-
-
-
250
_3,714_
_311_
_2,130_
_438_
_7,710_
-| |||98,754||_56,704_| |||1,062||_720_| |||1,062||_720_| |||||| |||99,816||_57,424_| |||17,959||49,636| 18 | P a g e