## **LIVERPOOL IRISH FESTIVAL UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022** Company Number: 4800736 Charity Number: 1100126 ## **LIVERPOOL IRISH FESTIVAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** ## **TRUSTEES** John Chandler (Chair) John Eustace (Treasurer) Martin Bond Gerard Diver Prof. Mary Hickman Eamonn Lavin Siubhán Macauley Siobhan Noble Patsy Connor (appointed 13/07/2022) Clare McGrath (appointed 14/06/2022) ## **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 6 Bluecoat Chambers Liverpool L1 3BX 2 | P a g e ## **LIVERPOOL IRISH FESTIVAL** ## **ACCOUNTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2022** |**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 2022 TRUSTEES' REPORT** The trustees present their report and accounts for the year ended 31 December 2022. ## **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. ## **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”. ## **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. ## **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. 4 | P a g e ## **LIVERPOOL IRISH FESTIVAL FOR THE YEAR ENDED 31 DECEMBER 2022 TRUSTEES' REPORT** ## **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. ## **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. ## **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.’ Liverpool Irish Festival’s 2022 theme was “hunger”. We set the theme in 2019; who would have known we’d be experiencing a cost-of-living crisis and the impacts of war in Europe, just as we emerged from a global pandemic? As always, the Festival drew people into discussion; shared new concepts and encouraged interaction; fighting isolation, embracing technological advances and acknowledging change. We continued to develop and expand our four programme trails 1) In:Visible Women, 2) Nook and Cranny Spaces 3) Family Days 4) Liverpool Irish Famine Trail, informing the programme and continuing to build assets in these areas. We launched this year’s Festival, with the support of The Irish World, at the Liverpool Irish Centre in the presence of the Consul General, Sarah Mangan, and Liverpool City Region’s Metro Mayor: Steve Rotheram. Of 60 Festival events and 9 exhibits, over the year, 11 were live virtual events, with 2 wholly virtual (e.g. premières). Combined, they attracted a total audience of 39,243 (2021: 25,907) with an additional 1,689 (2021: 8,703) views-to-date, including films and events with extended accessibility. This provides a combined total audience of 40,933 (2021: 34,621) a substantial increase of 18%. 5 | P a g e ## **LIVERPOOL IRISH FESTIVAL FOR THE YEAR ENDED 31 DECEMBER 2022 TRUSTEES' REPORT** We developed our public realm, high-profile work this year with more exhibitions, in a stronger visual arts programme, delivering 237 exhibition days. A key pillar if this was the Irish Institute’s partnership residency with Fion Gunn (Arrivals/Departures) which ran from Summer to the end of the year. Such expansion is ordinarily a challenge because of the long lead times needed by venues in contrast to the Festival’s time-constrained ‘project’ status, but 2022 was an anomaly because of the amount of solo work (born of Covid downtime), partnerships and openness to using alternative venues and online methods. #GlobalGreening visitor figures were down a little in 2022, with some buildings lighting in support of the Ukrainian plight against Russian attack. This removed them from our count, though they would otherwise have gone green. For the third year, there was no Liverpool City Council sponsored River Festival, though LCR Pride did run, with a staggering 12,000 audience, which we attended. Following on from our successful bid to National Lottery Heritage Fund in 2021, work began on the Liverpool Irish Famine Trail. This generated a book publication in summer 2022 and the recruitment of a remarkable voluntary History Research Group, who have undertaken over 1,300 hours of volunteer time since their group’s establishment. The project received support from international partners (e.g., Strokestown National Famine Museum and Trail, and the Great Famine Voices Roadshow). The Festival continues to make attempts to attract additional funds for the ongoing development of the Liverpool Irish Famine Trail. We welcomed two new members to the Board, now 10-strong, in the summer, recruited a volunteer team of 13 (to front-of-house and Liverpool Irish Famine Trail roles); hosted two internships, recruited a new PR and Communications Lead (Anna Franks, Anna Franks Marketing) and sustained the History Research Group lead (John Maguire, Arts Groupie CIC). The Board has ordinarily met via Zoom for its meetings across the year, with occasional in-person meetings, as required. We retain our ambition to expand the Festival’s management team and support the Director in further Festival development, increasing its content and our engagement with this action. This is despite not yet being able, in a fiercely competitive field, to become an Arts Council England (ACE) National Portfolio Organisation (NPO). We are working with our peer network of other Irish organisations to strengthen the representation of Irish culture within the national portfolio. Nevertheless, the work invested in the NPO application has considerably strengthened the organisation and we will renew our strategies to progress ambitions in 2023. We were, however, successful, in gaining sizeable support (£58k) from ACE to develop new creative and cultural work for this year’s Festival programme. In total, we made funding applications of £947,265 (2021: £1,068,372), landing £110,380 (2021: £115,183) or 14% (2021: 10.78%) of our bids, to date. Regular funders included Liverpool City Council, the Irish Government’s Emigrant Support Programme and Tourism Ireland, to whom we are greatly indebted. The Festival continues membership in and support of numerous networks (e.g., Cultural Connectedness Exchange, Creative Organisations of Liverpool, Baobab, and the Irish Government’s Emigrant Service Advisory Committee). 6 | P a g e ## **LIVERPOOL IRISH FESTIVAL FOR THE YEAR ENDED 31 DECEMBER 2022 TRUSTEES' REPORT** We thank our Director, Emma Smith, for her prodigious efforts, and the Festival Board and our volunteers. Emma, incidentally, accompanied the Metro Mayoral Mission to Dublin to help strengthen the northwest’s strategic relationship with Ireland. We thank our artists, partners and sponsors; collaborators and networks; venues, friends and every visitor and audience member for joining us for #LIF2022. We hope you will join us this year, particularly during 19th-29th October 2023. ## **FUTURE PLANS** The Liverpool Irish Festival’s business plan is entering its third delivery year and it remains central to operations. As outlined there, we must innovate, build organisational capacity and secure multiyear funding - grant and private. The incorporation of digital events in a diversified programme will be sustained and we intend to develop and manage the Liverpool Irish Famine Trail. We have developed a year-round presence and funding for year-round posts remains a priority. If the Festival is to grow, or even stand still, we must generate additional capacity, particularly as another opportunity to achieve ACE NPO status will not now surface for another three-years. Our Business Plan still has two+ years to guide us (given that Covid extended the 2020-2025 plan by a year) and lays out our intention to secure and grow the Festival. As a cultural producer, we need investment to sustain our unique role in celebrating and representing the exceptional creativity of the Irish in Britain, particularly in Liverpool, addressing important issues that face our community. This year, in line with the Plan, we will address the following five points: 1. Capacity. Unless the management team grows, the Festival has hit its limit. Currently it is overstretched, yet managing to over-perform. The skill the team requires is growing and external pressures to become involved in other things is increasing rapidly (e.g., ESAC, Festival Forum, #CCEN, etc). To reflect the wants of the audience and keep pace with a changing world it is vital to engage new team members. Ideally, we would engage a Festival-, Development- and Content- Coordinator and expand the Board to improve diversity, capability and delivery functions. 2. Content is king. We are increasingly well regarded for our programme, but need to build capacity, comprehension and direction in this area, to make customised content and deeper community impact. The Liverpool Irish Famine Trail and work on its development must dovetail with the Festival’s work. Integrating the Trail content into our year-round programme will be critical. 3. More public realm work. 2022 has shown that public realm work contributes to cohesive programmes and greatly increases visitor numbers. The development of the Liverpool Irish Famine Trail will add new public realm possibilities and cross-selling opportunities in coming years, but a focus on developing art for public spaces should be a priority of the Festival in 2023 and beyond. 7 | P a g e ## **LIVERPOOL IRISH FESTIVAL FOR THE YEAR ENDED 31 DECEMBER 2022 TRUSTEES' REPORT** 4. Press and PR. For a micro-organisation we hit big in terms of our reach and reputation, but we need to move earlier and more strategically on long-lead times and campaign delivery. In 2023, we will run with the theme of ‘anniversary’. Knowing this means we can look at how we strategise, locate calendar events to link with and identify the story we want to tell. 5. Advocacy. As a representational voice for Irishness in Britain and for tolerance, humanity and care we must sustain our labours. That no Irish organisation made it in to the Arts Council England’s National Portfolio is a case in point for this. Our work on the Liverpool Irish Famine Trail, with dualheritage communities, Baobab and the Race Equality Task Group are unique to us and a part of growing our EDI capability and reputation. We must embed this position in our programme, storytelling and interactions. We need to improve our work with, by and for groups who experience isolation (including racism, xenophobia or other protected characteristic concerns) and be better at encouraging monitoring from these groups -particularly with our artists- so we can advocate for better funding, representation and connectedness. ## **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. ## **FINANCIAL REVIEW** The year ended 31st December 2022 saw incoming resources of £107,164 (2021: £117,775) Total outgoing resources were £127,790 (2021: £99,816) giving rise to net outgoing resources of £20,626 (2021: incoming resources of £17,959), of which £6,037 is restricted for future activity. ## **RESERVES POLICY** The level of free reserves as at 31st December 2022 is £57,403 (2021: £67,263). 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 Director 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. 8 | P a g e ## **LIVERPOOL IRISH FESTIVAL FOR THE YEAR ENDED 31 DECEMBER 2022 TRUSTEES' REPORT** ## **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. ## **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 22 February 2023. John Chandler (Chair) Trustee 9 | P a g e ## **LIVERPOOL IRISH FESTIVAL INDEPENDENT EXAMINER'S STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2022** ## **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 2022. ## **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: 22 February 2023 10 | P a g e ## **LIVERPOOL IRISH FESTIVAL STATEMENT OF FINANCIAL ACTIVITIES** ## **FOR THE YEAR ENDED 31 DECEMBER 2022** |**Income**
Income from charitable activities
**Total Income and endowments**
**Expenses**
Expenditure on charitable activities
**Total Expenses**
**Net income (expenditure) for the year**
**Net movement in funds for the year**
Total funds brought forward
Transfer between funds
**Net funds carried forward**|**Unrestricted**
**funds**
32,497
**32,497**
42,357
**42,357**
**(9,860)**
**(9,860)**
67,263
-
**57,403**|**Restricted**
**funds**
74,667
**74,667**
85,433
**85,433**
**(10,766)**
**(10,766)**
16,803
-
**6,037**|**2022**
**2021**
**Total**
**Total**
107,164
117,775
**107,164**
**117,775**
127,790
99,816
**127,790**
99,816
**(20,626)**
**17,959**
**(20,626)**
**17,959**
84,066
66,107
-
-
**63,440**
**84,066**| |---|---|---|---| 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 2022** Company Number: 4800736 ||**Notes**|**2022**|**2021**| |---|---|---|---| |||**£**|**£**| |**CURRENT ASSETS**|||| |Debtors (amounts falling due within one year)|**3**|6,972|3,185| |Cash at bank and in hand||57,486|87,445| |||64,458|90,629| |**CREDITORS: Amounts falling due within one year**|**4**|1,017|6,563| |**NET CURRENT ASSETS**||63,440|84,066| |**TOTAL ASSETS LESS CURRENT LIABILITIES**||63,440|84,066| |**RESERVES**|||| |Unrestricted funds - General Fund|**6**|57,403|67,263| |Restricted funds|**7**|6,037|16,803| |||63,440|84,066| For the year ending 31 December 2022 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 22 February 2023 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 2022** ## **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 2022** ## **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 (2021: nil). No remuneration was paid to any trustee for their services as a trustee. The charity engages the Artistic Director / CEO on a freelance basis. ## **3. DEBTORS** |Amounts falling due within one year:
Prepayments
Other debtors and accrued income|**2022**
**2021**
**£**
**£**
385
485
6,585
2,700
6,971
3,185| |---|---| 14 | P a g e ## **LIVERPOOL IRISH FESTIVAL** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022** ## **4. CREDITORS** Amounts falling due within one year: |Deferred Income
Other creditors|**2022**
**2021**
**£**
**£**
1,017
1,017
0
5,546
1,017
6,563| |---|---| ## **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**
**£**
**£**
**£**
**£**
**£**
67,263
32,497
(42,357)
_-_
57,403| |---|---| ||67,263
32,497
(42,357)
-
57,403| ## **7. RESTRICTED FUNDS** |**7. RESTRICTED FUNDS**|||||| |---|---|---|---|---|---| ||**Brought**|**Incoming**|**Outgoing**||**Carried**| ||**forward**|**resources**|**resources**|**Transfers**|**forward**| ||**£**|**£**|**£**|**£**|**£**| |Irish Government Emigrant Support Programme|_-_|12,075|(6,038)|_-_|6,037| |Arts Council England National Lottery Project Grant (_#LIF2022_)|_-_|58,032|(58,032)|_-_|-| |National Lottery Heritage Fund (_Liverpool Irish Famine Trail_)|16,803|4,560|(21,363)|_-_|-| ||16,803|74,667|(85,433)|_-_|6,037| ## **With thanks to our grant funders:** Irish Government’s _Emigrant Support Programme_ : - Provides core funds for roles within Liverpool Irish Festival (£12,075) ## Arts Council England - Provided funds that supported the artistic programme, artist time and print and distribution of the festival’s 30,000 46-page newspapers, including 20 commissions. The #LIF2022 grant was valued at £58,301, with 10% to draw down in 2023. ## 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). 15 | P a g e ## **LIVERPOOL IRISH FESTIVAL** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022** National Lottery Heritage Fund - The 2021 grant of £45,600 (90% in 2021, with a 10% draw down in 2022 and majority spending in 2022) enabled us to commence 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 creative asset portfolio (including promotional films, artworks, recordings and documents); a set of books and a presentation map as well as -if all funding plans in the coming years work- an internationally accessibly digital app. ## **8. ANALYSIS OF NET ASSETS BETWEEN FUNDS** |**. 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**
**£**
**£**
**£**
57,403
6,037
63,440| |---|---| ||**2022**
**_2021_**
**£**
**_£_**
23,334
_20,357_
23,334
_20,357_
4,153
_1,000_
16,922
_12,666_
16,498
_7,209_
571
_1,102_
38,144
_21,977_
60,026
_50,261_
157
_275_
0
_274_
4,295
_4,654_
725
_957_
65,202
_56,421_
126,680
_98,754_
1,110
_1,062_
127,790
_99,816_| ## **9. OUTGOING RESOURCES** 16 | P a g e ## **LIVERPOOL IRISH FESTIVAL** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022** ## **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 National Lottery Project Grant
National Lottery Heritage Fund for Famine Trail
Total Incoming Resources - Restricted
Total Incoming Resources from Charitable Activities|**2022**
**_2021_**
**£**
**_£_**
3,722
_4,354_
2,667
_8,000_
20,347
_20,347_
6
_1,890_
3,000
_3,000_
2,755
_644_
32,497
_38,235_
12,075
_11,500_
58,032
_27,000_
4,560
_41,040_
74,667
_79,540_
107,164
_117,775_| |---|---| 17 | P a g e ## **LIVERPOOL IRISH FESTIVAL** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022** ## **Detailed Statement of Financial Activities** |**Incoming Resources**
**for the year ending 31 December 2022**
**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 2022**
**Expenses**
**Cost of generating funds**
**Charitable Activities**
Direct Event Costs
Freelance Festival Director
Insurance
Manager & Volunteer 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**|3,722
23,014
5,761
74,667|**2022**
**£**
_4,354_
_28,347_
_5,533_
_79,540_
107,164
107,164
**2022**
**£**
23,334
60,026
725
157
0
0
571
4,153
4,295
16,922
16,498
126,680
1,110
1,110
127,790
(20,626)|**_2021_**
**£**
_117,775_| |---|---|---|---| ||||| ||||_117,775_| ||||**_2021_**
**£**
_20,357_
_50,261_
_957_
_275_
_274_
_4,228_
_1,102_
_1,000_
_426_
_12,666_
_7,209_| ||||_98,754_| ||||_1,062_| ||||_1,062_| ||||| ||||_99,816_| ||||_17,959_| 18 | P a g e