2023-03-31-accounts - Liverpool Arab Arts Festival

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Contents		Page
Trustees' Annual Report		2to 9
Independent Examiner's	Report
Statement offinancial activities		12
Balance sheet		13
Statement ofCash Flows		14
Notes to the accounts		15to 20

The trustees, who srs the directors ofthe company Unandat statements together with the Independent	The trustees, who srs the directors ofthe company Unandat statements together with the Independent	The trustees, who srs the directors ofthe company Unandat statements together with the Independent	The trustees, who srs the directors ofthe company Unandat statements together with the Independent	The trustees, who srs the directors ofthe company Unandat statements together with the Independent	The trustees, who srs the directors ofthe company Unandat statements together with the Independent	The trustees, who srs the directors ofthe company Unandat statements together with the Independent	The trustees, who srs the directors ofthe company Unandat statements together with the Independent	for the purposes examiner's report	for the purposes examiner's report	of company law, are pleased to present their report snd for the year ended 31 March 2023.	of company law, are pleased to present their report snd for the year ended 31 March 2023.	of company law, are pleased to present their report snd for the year ended 31 March 2023.
Name						Position				Dates
Afrah Qssslm						Chair
Hsmden Dammag						Vice	Chair
TQasslm MBE Ms Zoe Delemere	Lafferty									resigned		23rd September 2023
Sarah Scagy
Lsyls Maghrlbi
Method ofappointment
Recruitment of new		trustees		Is	open, and focused on creaUng e diverse and						effecUve Board
Registered address
The Bluecoat
School Lane
Uverpool
L1 3BX
Bankers
HSBC
99-101Lord Street
Liverpool
L2 2AH
Independent examiner
Jane Wffffams MAAT
Greater Merseyslde		Community			Accountancy		Service
Beacon Budding
Coffsge Street
St Helens
WA10 1TF
Governing document
The orgenlsaUon is	s charltabkt				company	Umlted		by guarantee,	incorporated		on	10th March 2010es Liverpool Arabic Arts
Festival and registered			as a Charity on 16th June				2010.

		Notes
			2023	2023	2023	2022
			Unrestricted	Restricted	Total	Total
			fundsf	fundsf	funds	fundsf
Income from:
Donations and legacies Income from charitable activities		(4) ts)	8,462 114,024	49,535	8,462 163,559	500 231,894
Other Incoming resources Investment Income		(s) (7)	3,344 3		3,344 3	2,003 1
Total Incoming resources			125,833	49,535	175,360	234,398
Resources expended Charitable activities			125,910	60252	106,168	248740
Net Incoming /(outgoing)	resources		(83)	(10,717)	(10,800)	(14,342)
Transfers between funds
Net movement In funds			(83)	(10,717)	(10,800)	(14,342)
Reconciliation offunds
Total funds as at 1 April 2022			61,122	26 035	87,157	101499
Total funds as at 31 it)larch 2023		(se)	61,039	15,318	76,357	87,157

A Company limited by guarante Balance sheet as at 31 March 2023	e num	ber 0718	4925
		2023	2023	2023	2022
Current Assets		Unrestricted f.	Restricted f	Total f	Totalf
Debtors and prepayments Cash at bank and In hand	(II) (I2)	6,699 58,566	15,310	6,699 73084	10,607 82,969
Total current assets		65,265	15,318	80,583	93,576
Current liabilities:
amounts falling due within one year Creditors (due within one year)		4 226		4,226	6,419
Total current liabilities		4,226		4,226	6,419
Net Assets		61,039	15,318	76,357	87,157
Funds ofthe charity Restrtcted Funds			15,318	15,318	26,035
Unrestricted funds TotalFunds		61 039 01.039	— 15,318	61039 76357	61 122 .07157,

Liverpool Arab Arts Festival STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 March 202	3
		2023	2022
		Total	Total
Cash flows from operating activities: Net Income/(expenditure) per SOFA		f (10,800)	f. (14,342)
Depreciation Investment Income (Increase)/decrease In debtors Increase/(decrease) In creditors	&s)	(3) 3,908 ~2193	13,510 1491
Cash flows from Investing activities
Investment income	(s)
Net increase/(decrease In cash: Total cash as at 1 April 2022 Total cash as at 31March 2023		(9,085) 82989 13,884	859 82319 82,969

2.4	Tangible Fixed Assets
	(a) Tangible fixed assets are capitalised ifthey can be used for more than one year			and		cost at
	least 5250. They are valued at cost or, Ifgifted, at their value on receipt.
	Rates ofdepreciation
	Building Improvements: 20%straight line basis to nil
	Fixtures and fittings: 15%straight line basis to nil
	Equipment: 20%straight line basis to nil
2.5	Debtors
	(a) Debtors are recognised at the settlement amount due.
	(b) Prepayments ere valued at the amount prepaid.
2.6	Cash
	(a) Cash comprises bank deposits repayable on demand and any	short-term highly		liquid
	investments with a maturity date ofthree months or less from ths date of acquisition			or opening
	ofthe deposit or similar account.
2.7	Creditors
	(a) Creditors ere recognised where ths charity has a present obligation resulting from a event that will probably result in the transfer of funds to a third party and the amount due				past to settle
	the obligation can be measured or estimated reliably. Creditors are	normally recognised				at their
	settlement amount, usually ths invoice amount.
	(b) Accrued charges are normally valued at their seNement amount.
2.8	Taxatlon
	The charity Is not liable to Income tax or capital gains tax on its charitable		activities.
3	Transactions with trustees and related parties
	No trustees received any expenses (note 13)during the accounting	period.
	Owing to the nature ofthe charity's activities and the composition of the		board oftrustees			(being
	drawn from local statutory and voluntary organlsatlon), it is Inevitable that transactions				will take
	place with organlsatlons in which a trustee may have an interest. trustee may have an interest ere conducted at arm's length and in	All transactions accordance with		in the	which a charity's
	financial regulations and expenditure procedures. No transactions	were	indentlfled	which		should
	bs disclosed under FRS 102.

	for the year ended	for the year ended	31 Nlarch	2023
4	Donations snd legacies			2023	2023	2023	2022
				Unrestricted	Restricted	Total	Total
				fundsf	funds 6	funds 6	fundsf
	Donations			8,462		8462	500
				8,462		8,462	500
5	Income from charitable		activities	2023	2023	2023	2022
				Unrestricted	Restricted	Total	Total
				funds	fundsf	fundsf	fundsf
	Arts Council Funding			112,024		112,024	112,024
	Culture Liverpool Investment LCRCA: Generations for Change				14,250	14,250	14,250 12,437
	Yemen In Conflict			2,000		2,000	5,248
	Grenade Foundation				2,000	2,000
	The Space ClC PH Holt				8,618 5,000	8,618 5,000
	DCMS: Cultural Recovery		Fund				38,787
	Arts Coundl: Lottery	Project Grants					39,148
	Qatar Foundation International				19,667	19,667	10,000
				114,024	49,535	163,559	231,894
6	Other Incoming resources from
	charitable activities			Unrestricted	Restricted	Total	Total
				funds	fundsf	funds 6	funds
	BoxOffice			3,344		3344	2003
				3,344		3,344	2,003
7	Investment Income
				Unrestricted	Restricted	Total	Total
				fundsf	fundsf	funds 8	funds F
	Bank Interest Received			3		3	1

Restricted funds summary	Restricted funds summary	Balance b/f	Incomingf	Outgoing	Balance crff
Culture Liverpool Investment		(805)	14,250	14,257	(812)
DCMS: Cultural Recovery Fund		(5)			(5)
Grenada Foundation		53	2,000	2,000	53
LCRCA: Generations	for change	7,218		7,218
Qatar Fdtn International		14,234	19,667	17,638	16,263
The Space CIC			8,618	8,634	(16)
PH Holt University of Liverpool		~360	5,000	4,998 5507	2 ~767
		26,035	49,535	60,252	15,318

during Covld	19.
Staff Costs					2023 f	2022 f
Gross Wages	and salaries			80,792		104,342
Socialsecurlty	costs				1,708	4,590
Pension contributions					1,239	1 751
				83,739		110,603
The average	number	of employees	during the year, calculated	on the basis of full-time	equivalents,	was as
follows:
					2023	2022
					2.7	2.7
No employee	received	emoluments	ofmore than 860,000 during	the year

	liverpool Arab Arts Festival Notes to the accounts for the year ended 31 March 2023	liverpool Arab Arts Festival Notes to the accounts for the year ended 31 March 2023
10	Debtors and prepayments		2023 f	2022 f
	Debtors		0,699	10607
			6.699	10607,
11	Cash at bank and In hand		2023 f.	2022f
	Current accounts		73,196	82,403
	Credit card Reserve account Cash in hand		708 ~20	(182) 705 42
			73,884	02,969
12	Creditors and accruals		2023 f.	2022 f
	Creditors		~ 226	0419
			4,226	6,419
13	Trustee remuneration	and expenses	2023 f	2022 f
	Total amount paid		2,812	96

		Unrestricted	Funds	Restricted	Funds
		2023 f	2022 f	2023 f.	2022
Income from:
Income from donations		8,462	500
Income from charitable activities		114,024	117,272	49,535	114,622
Other incoming resources		3,344	2,003
Investment Income		3	1
Total Incoming resources		125,833	119,776	49,535	114,622
Expenditure on: Charitable activities		125916	115,468	65,252	133272,
Net incoming /(outgoing)	resources	(83)	4,308	(10,717)	(18,650)
Transfers between funds
Net movement in funds		(83)	4,308	(10,717)	(18,650)
Reconciliation offunds
Total funds as at 1 April 2022		61,122	56766	26035	44,685
Total funds as at 31March 2023		61,039	61,074	15,318	26,035