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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|
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|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|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.|||||||
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|||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|
##
|8a|Restricted funds summary|Restricted funds summary|Balance b/f|Incomingf|Outgoing|Transfersf|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|