Liverpool Arab Arts Festival Charity number 1136384 A Company limited by guarantee number 07184925 Annual Report and Flnancial Statements for the year ended 31 March 2024 Liverpool Arab Arts Festival gmcas Greater Merseyslde CommunSty Accountancy Servlce
Liverpool Arab Arts Festival Annual Report and Financial Statements for the year ended 31 March 2024 Contents Page Truslees, Annual Report 2to9 Independent Examiner's Report 11 Statement of financial activities 12 Balance sheet 13 Statement of Cash Flows 14 Notes to the accounts 15to20 Prepared by the Greater Merseyside Communlty Accountancy Service
Liverpool Arab Arts Festival Trustees. report continued Revlew of progress and achievements Liverpool Arab Arts Festival ILAAFI was founded in 1998 by Taher Qassim and members of Liverpool's Yemeni community. Their aim was lo increase awareness and appreciation of Arab arts and culture through participatory workshops introducing authentic music, language and dress to young people. LAAF has since grown into a leading UK Arab arts organisalion still driven by this ethos. Objectives and Activities: The objectives are.. 1. To advance the education of the public in Arab arts but not exclusively by the promotion and staging of regular Arabic arts festivals and events in Liverpool 2. The advancement of the arts culture and heritage through the support eneouragemenl and showcasing of Arabic artisls and artisans. In setting objectives and policies to achieve them, the Board give due Consideration to guidance issued by the Charities Commission to ensure that such policies achieve the requirement lo give public benefit. Vision To keep Arab arts, culture and heritage alive. Mission Liverpool Arab Arts Festival creates a platform that educates, challenges and engages communities in Arab arts, culture and heritage across the UK and internationally. Governance and Development Liverpool Arab Arts Festival's Board of Trustees bring a weatth of skills and experience in the arts and cultural industries, charitable sector, media, public health, digital development, environment, law and business development. They draw on their diverse local, national and international connections to advocate for LAAF. Trustees all have lived experience of Arab culture, having established deep connections lo diverse international communities built on trust and respect. The Board have, and continue to undertake a range of training lo support them in overseeing Ihe organisalion. Trustees are kept regularly up to date via Board papers on specific areas of Management responsibility, governance or topics related to the nature of the charity's activities. The Board of Trustees meet quarterly and administer the charity and delegate policy and operational duties to the Director and staff team. Additional themed subgroLJP meetings are led by dedicated Board members and key staff who drive forward organisation strategic and operational development plans. This year, Board members and staff have met on a regular basis and held subgroup meetings to plan the organisations strategic and operational priorities for 2023 2027. Board members have taken responsibility for leading on and embedding Arts Council Investment Principles of Ambition and Quality, Environmenlal Responsibility. Dynamlsm and Inclusivity and Relevance.
Liverpool Arab Arts Festival Trustees. report continued Notable Achlevements MENA Beats The Youth Musi¢ Trailblazer Grant and Culture Liverpool CAIP Funding allowed us to reach out to young people of Arab l Middle Easlem and North African heritage who are underrepresented in the music industry - providing a plafform for them lo leam and develop their skills in DJing. mixing and produ¢lion. The driving motivation behind the project was to increase young people's access and opportunities to experience, perfomi and develop a wide range of skills from professional DJS- to curate contemporary music that is representative of them. their artistry. their generation and cultural herilage. 'The project has helped me show olherpeople who l am through DJing and music. Young person involved in the project. The initial idea for Ihe project came about thiough consultation and research with young people who attended Liverpool Arabic Centre and Kaalmo Youth Development two community-based organisations that were instrumental in facilit8ting young people's participation in the project. From March 2023 to October 2024, the project engaged 76 young people of Arab heritage and Global Majority. aged 11-24. Thè participants attended DJ workshops and maslerclasses and had no prior music experience. "ll's been so worth going fo Djing sessions, leaming and having fun, meeting new people and exploring my cultural heritage, il was Worth everything. Young person involved in the project Twenty-four young people participated in three or more workshops and were mentored by professional DJS who supported them in developing specific technical produdion skills. We also facililaled visits to some of Liverpool's most iconic music venues. "Il helped in so many ways, not just with music but also with my self-confidence. Young person involved in the project. Some of our young people performed al the 2024 Liverpool Arab Arts Festival VIP Launch and Family Day events. This was a fantastic opportunity for them lo play their work to a live audience at a large-scale event for the very first lime, utilising the skills they leaml from being involved in the project. Communlty Particlpation LCVS Community Impact Fund, Culture Liverpool CAIP funding and Arts Council England, supported the engagement of local people of Arab heritage in a wide rang8 of workshops and activities, leading up to and during LAAF annual festival. Ten males parbcipated in authentic Yemeni folk dance workshops as part of our Men's Health and Wellbeing activities, delivered in partnership with Liverpool Arabic Centre. The Men's dance group perfomied their traditional dance routines as part of LAAF Family Day at the Palm House. Over 250 childrers and parents attended our Arabic storytelling and ¢ulture crafts and activities workshops delivered in city centre venues and Sefton Park Palm House.
Liverpool Arab Arts Festival Trustees. report continued We were proud lo work in partnership with Habibli Liverpool and Liverpool Arabic Centre on our festival ¢ullural food event Bittersweet Yemgn. LAAFS founder and trustee Taher Qassim lead the project. 24 people participaled in a guided food lour of three Yemeni eateries on Lodge Lane to experience the unique culinary flavours from different regions of Yemen. This event was inspired by the book Bifterswe•t.- A Journoy of Food and Yemen, which is a photography book celebrating Yemen's vibrant culture and ils diverse culinary heritage. 2024 Festlval Liverpool Arab Arts Festival 2024 was held beeen Friday 12 - Sunday 21 Juty 2024. This year marked the nd 26 anniversary since the organisalion was founded in 1998. It was the 22 annual festival in Liverpool. The theme for 2024 was Port Cities, which featured 77 artists and 29 events across 8 venues in Ltverpool and was supported by 33 partners. Festival Events Port Cities In partnership and funded by British Council - MENA, we proudly launch our intemational visual arts project Port Cities. This exhibition premiere al Space Liverpool features newly commissioned work by artists Mohamed Abdelkarim, Laila Hida, Nadia Kaabi-Linke and Siska. Situated where land meets sea, global port cities have unique characteristics. Their soci81, economic, political and cuttural heritage is deeply connected to their roles as key centres for trade and migration. The artists visited Liverpool on a resear¢h residency in February 2024 to inform the development of new athorks critically exploring the past and future of port cities in both Liverpool and the Arab region. From reflecting on Liverpool's slave trade legacies to the ecological impact of human activities. this exhibition presents new artistic perspectives on how ports have and continue to shape the character of cities, and how we connect across seas. After premiering in Liverpool, the Port Cities exhibition will tour internationally to Tripoli, Lebanon,. Alexandria, Egypt.. Rabat, Morocco. and Tunis, Tunisia throu9houl 2024125. The artists were in Liverpool in February 2024 for a 10-day research residency. This research shaped the ideas and content for the work in the exhibition. Port Cities Symposium This artist-led event was held at Bluecoat and saw 20 people attending lincluding the artists and guest facilitator, Sarah James from LJMUI. The 1-hour presentation fom)at was well received as the audience was highly engaged in each of the four sessions. These were audio recorded by technicians from Blue¢oat and can be archived as a potential source of research to the public. Written in 1950, it is, sadly, 8$ relev8nt lod8y as then, making Port Cities an urgent exhibition for our times. Mike Pinnington, The Double Negative, review of Port Citi6s
Liverpool Arab Arts Festival Trustees. report continued Lin Dabbous - ARTIVATOR Fellow The project included the contribution of Lin Dabbous, ARTIVATOR Fellow in Art Curation. Based in Beirut, Lin was in Liverpool for inslall, playing a key role in the delivery of the exhibition. Lin slated that the experience was fantastic. with a significant hands-on learning trajectory. Musl¢ After a well-received performance at last year's Family Day, The Ayoub Sisters were invited for a sell. out solo performance al Liverpool PhilhaTmonic Hall Music Room. Family Day was again our primary music showcase. featuring three acls and repealing twice. Performance After a sell-out perfomiance al The Royal Court Studio in 2023, we welcomed back Arts Canteen wtth their Arabs Are Not Funny comedy night. The lirke-up featured comedians Prlnce Abdi. Fatiha El- Ghorri. Janine Harouni and Maria Shehata. It was another sell-out event, demonstrating the continued appetite foT accessible events as part of the programme. All key theatre perfomiances were held at Unity Theatre. ORANGES AND STONES was a tour from Shubbak and Tamasha, performed by Ashlar Theatre. 11 is a play without words, told solely throu9h physical action and original music that conveys a moving image of occupation and settlement in Palestine spanning over 75 years. The performance was sold out with a Q&A after the event. Wrillen by Hassan Abdulrazzak. directed by Sepy Baghaei and perfomied by Lalla All, Chambers of the Heart debuted as a staged performance. Attendance for all performances were excellent, representing a significant improvement on our 2023 perfomiance programme ticket sales and box office income. Film Liverpool Arab Arts Festival and At The Library presented Arab Fllm Night 8 special Summer evening of Arab film al the Plaza Community Cinema in Waledoo. Chosen films, selected in collaboration with actress, writer, presenter and founder of The Arab Film Club, Sarah Agha. and women from The Colour of Pomegranales group, were Salma's Home (main featurel, Siri Miri and Sous L6s Soul8nes {short films}. Attendance was excellent, with over 60 attendees al the Plaza Community Cinema. At The Library ran a children's activities in Sefton Library for 12 children during the event, ensuring members of the community could attend. Free ticket offers for locals in Waterloo made the event accessible. There was an appetite for merchandise after the event. On Monday 15 July we screened At Home in Gaza and London. which premiered at The Everyman Theatre during LAAF 2018 and connected Liverpool, London and Gaza. The event included messages from Gazan collaborators and was hosted by co4ireclors Julian Maynard Smith and Taghrld Chou¢alr-Vlzoso.
Liverpool Arab Arts Festival Trustees. report continued Literature I Poetry It was a pleasure to work again with Professor Deryn Rees-Jones. who financially supported Janette Ayachi's event through The Centre for New and International Wriling at the University of Liverpool. The event received eXpIl0na1IY strong feedback. Janette fedback.. -1 had 8n IncdIble tin7e at the Liverpool Ar8b Arts Festival & I was treated so well by the staff & I met some wonderfully inspiring people in the audience afternvards. 11 was 81so great to work with Deym so thank you from the bottom of my heart. The evenl was a success, & one of the founders of LAAF spoke up during the Q & A & said Ih8t our event was what they had in mind for the festival when they slartedl It was very moving." Volunto0rs We value having the support of 14 festival volunteers who gave their lime lo collating audience feedback surveys, event stewarding and support and artist and audience liaison. Once again, LAAF'S Board continue to significantly provide their time, expertise. experience and support throughout the year- thank you to Afrah Qassim (Chair), Hamdan Dammag (Vice Chairl, Layla Maghribi, Taher Qa55im and Sarah Scally. Cultural Education Programme Funded by QFI and Arts Council England. This year we have commissioned local Yemeni Scouse Poet, Amin2 Atiq, to develop a four to six week schools projeet aligned to our festival theme Port Cities. This ollaboralion has continued our commitment to increasing paid work opportunities for Arab crealives who are underrepresented in the arts and cultural industries, raises awareness of Arab arts and cultural. contributing to antiracism by increasing understanding and appreciation of Arab people. Our ambition is lo deliver our schools programme in locations outsidè of Liverpool. This year we have partnered with Tamadon to pilot a secondary school project in Sheffield. The five week project engaged 77 students in Arab arts and cultural activities including.. calligraphy, authentic Arabic textiles and crafting. We 11 be exploring opportunities to develop the project to engage more schools and to provide career development opportunities for Arab ¢reativeslartists. Partnerships The festival and community participation programme was delivered in close partnership with 33 organisations and partners across the UK and internationally. This support allows us lo provide artists with the plattorm to reach audiences in Liverpool and beyond and provides underrepresented communities a¢¢ess and participation in excellent arts and ¢ulture. Out of festival programme Our ambition is to build on events and activities offered throughout the year. During this period we partnered with Savera UK programming Nawarra Dancer to perform and deliver a dance workshop at the International Women's Day event. LAAF supported The Brilish-yemeni Society's AGM In late June 2024, which included a presentation on the book Billersweet.. A Joumey of Food and Yemen. The event was a success and well received.
Liverpool Arab Arts Festival Trustees. report continued We were excited to partner with Kayd Somali Arts and Culture and Unity Theatre Liverpool to present Somali women's theatre piece. Desperate Times. a sell-out hit by emerging new writer Amal Abdi. storytelling from your heritage workshop with Cameroonian-Kuwaili actor and performance-maker Colette Dalal Tchantcho to explore some foundational tools for using life experience to create performance material. Algerian Dance Workshops, these interactive dance workshops, explored Algerian Folk dance with Hayet Amar- a specialist in North African traditional dance forms. International engagement LAAF chair and director participated in a 3-day British Council MENA gathering, in Edinburgh. along with 11 other festival directors from the MENA region and 7 UK festival directors. from Friday 9th to Sunday 11th August 2024. This initiative delved into the contemporary landscape of festival making, exploring new dynamics. opportunities. challenges, and avenues for growth and collaboration amidst the current climate in the region. We made strong connections with British Council colleagues, artists and festival leads across the MENA and the UK and have started following up on possible collaborations and iniliatives. Environmental Responsibility As part of our Arts Council England Snveslment Principles plan, we developed a new Environmental Responsibility strand. This will lead the actions of the organisalion moving forward, including improvements to policy and procedures. For an international festival, we were proud that most artigt travel in 2024 was made by Irain wthin the UK. This was due to working with UK-based artists, partners on tours and ways to limit the carbon emissions related with travel. We continue to priorilisÈ holding meetings on Zoom and phone. Going Forward LAAF Aims to: Continue to strengthen our artistic programme by commissioning new cross-artfomi and c commissioned works that demonstrate Inlemational ambition. Build upon our community engagement work 8nd create artistic programmes including co-creating projects and activities wlh and for our communities and young people. Support at1ist in touring commissioned work read)ing new audiences. Continue our support for emerging artist and creatives with training and development programmes and commissioning of new work. Increase our work in creating awareness and appreciation of Arab cultures and people with delivery of our Cultural Education Programme in schools across Liverpool City Reglon and beyond. Build our staff team and capacity and support new and existing staff and board members to access training and development opportunities.
Liverpool Arab Arts Festival Trustees. report continued Statement of Directors. responsibilities Company law requires the directors to prepare financial accounts for each year which give a true and fair view of the state of affairs of the charÉtable company and of the incoming resources and application of resources, including the income and expenditure of the charity for that period. In preparing those financial statements, the trustees are required to- select suitable accounting policies and apply them consistently., observe the methods and principles in the Charities 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 a going concern basis unless rt is inappropriate to presume that the charity will continue in business- The trustees are responsible for keeping proper accounting records that disclose wth reasonable accuracy at any time the financial position of the charity and to enable 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 tsking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Board on 12th ember 2024 and signed on behalf of the directors by.. Tahar Qassi Trustee
Reference and Admlnlstrative Details Liverpool Arab Arts Festival Charity numbor 1136384 A Company limited by guarantee number 07184925 The trustees, who are the directors of the ¢ompany for the purposes of company law, are pleased to present their report and financial slalemenls together wlh the independent examinerfs report for the year ended 31 M8rch 2024. Nam• Afrah Qassim Hamdan Dammag T Qassim MBE Sarah S¢al Laa Maghribi Poslt5on Chair Vice Chair Datas Method of appointment Reeruitmenl of new Iruslees 18 open, and focused on creating a diverse and effective Board Règistered addrèss The Bluecoat School Lane Liverpool L1 3BX Bankers HSBC 99-101 Lord Street Liverpool L2 2AH Independent examiner Jane Williams MAAT Greater Merseysidè Community Aecountan¢y Service Beacon Building College Street St Helens WA10 1TF Governing document The organisation is a charitable company limited by guarantee, incorporated on 10th March 2010 as Liverpool Arabic Arts Festiv81 and registered a5 a Charity on 16th June 2010. The company was renamed Liverpotsl Arab Arts Festival On 21 st February 2013. The governing instruments under which the charitable company operates comprise the Memorandum and Articles of As50cialion dated 9th February 2010 logelher with the policies made from time to tim8 by the Trustees. Truslees pitsvide governance of the organisalion as unpaid volunteers. The board of truste&s meets quarterfy and administers the charity Ihe board approvo p(Iliey that is then implemented by the Director and the rest of the leam. In addition to quarterfy meetings LAAF trustees provlde voluntary support lo the operational team which enables the organisation to fulfil ils aims 8nd obj¥clives. LAAF values volunteer support and ensués th8 f8StIV81 offers Opportunities for people lo gain experience in Volunteers are given the opportunity to gain experience in festlval management, events production and marketing. translation. finance and general events administration. Objects of the organisatlon The objects of the charity ar8 to advance the education of the public in Arabic arts bul not exclusively by the promotlon and staging of regular Arable arts festivals and events in Liverpool and-, the advancement of the arls culture and herltage through thè support $nur89&mnt and showcasing of Arabic artists and artisans. In setting objectives and policies lo achieve them, the Board give due consideration to guidance issued by the Charities Commission lo ensure that such policies achieve the requirement to give public benefit.
Reference and Administrative Details Liverpool Arab Arts Festival Charity number 1136384 A Company Ilmited by guarantee number 07184925 Rosorvos Policy The Trustees have reviewed cover for operational activltles for three months. Based on current commitments LAAF will retain £50,000 in reserve and £10,000 to cover any exceptional cosl or circumstances. Remainder of the unrestricted fund balance is allocated to festival and project running Gost. A¢¢ountant Jane Williams Greater Mersey$idg Community A¢¢ountancy Service Beacon Building College Street St Helens WA10 1TF Approval This report, which has been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies. was approved by the trustees on 12 December 2024 and signed on their behalf by.. 10
Independent Examlner's report to the trustees of Liverpool Arab Arts Festival I report on the accounts of the charity for the year ended 31 March 2024 set out on pages 12 10 20 Respective responsibilities of the Trustees and examlner The charity's trustees (who are also the directors of the company for the purposes of company lawl are responsible for the preparation of the a¢counts. The trustees consider that an audit is not required for this year under section 144{2) of the Charities Act 2011 {the 2011 Act) and Ihat an independent examination is needed. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, il is my responsibility to.. El examine the accounts under section 145 of the 2011 Act., lo follow the procedures laid down in the general directions given by the Charity Commisslon under section 145{5}Ibl of the 2011 Act., and El stale whether particular mallers have come to my attention. Basis of Independent examiner's statement My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presersled with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequenlly no opinion is given as to whether the accounts present a Irue and fair vievl and Ihe report is limited to those matters set out in the statement below. Independent examiner's statemenl In connection with my examination, no matter has come to my attention= 1 } which gives me reason2ble cause to believe that in any malerial respect the requirements.. to keep accounting records in accordance with section 386 of the Companies Act 2006- and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the statement of Recommended Practice= A¢¢ounting and Reporting by Charities have not been met- or 21 to which, In my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Jane Willi MAAT Greatgr rseyside Community Accountancy Service Beacon Building College Street St Helens WA10 1TF 12th December 2024
Liverpool Arab Arts Festival Statement of Financial Activities (Including Income & Expenditure Account) for the year ended 31 March 2024 Notes 2024 Unreslricled funds 2024 Reslricled funds 2024 Total funds 2023 Total funds Income from: Donations and legacies Income from charitable activities Other incoming resources Investment Income Total incoming reSoue$ 141 1,373 200,912 4,911 13 207.209 1,373 311,135 4,911 13 317,432 8,462 163,559 3,344 110,223 (71 110.223 175,368 Resources expended Charitable activities 181 186.747 64.271 251,018 186,168 Net incoming l {outgoing) resources 20,462 45,952 66.414 {10.8001 Transfers between funds 1103} 103 Net movemenl in funds 20,359 46,055 66.414 {10.800} Reconciliation of funds Total funds as at 1 April 2023 Total funds as at 31 March 2024 61,009 81,368 15,348 61,403 76,357 142,771 87,157 76,357 18al The above statement includes all gains and loses recognised during the year. All activilies are regarded as continuing. Comparative figures for the previous year by fund type are shown in Note 15. The Notes on pages 14 to 20 form an integral part of Ihese accounts. 12
Liverpool Arab Arts Festival Charity number 1136384 A Company limited by guarantee number 07184925 Balance sheet as at 31 March 2024 2024 Unrestricted 2024 Restricted 2024 Total 2023 Total Current Assets Debtors and prepayments Cash at bank and in hand Total current assets 10,095 71,727 81,822 10.095 133,027 143,122 6,699 73,884 80,583 1121 61,300 61,300 Current liabilities: amounts falling due within one year Creditors (due within one year) Total current liabilities 1131 351 351 351 351 4,226 4,226 Net Assets 81.471 61,300 142,771 76.357 Funds of the tharity Restricted Funds Unreslricled funds Total Funds 61,403 61.403 81,368 142,771 15,348 61.009 76,357 81,368 81,368 61,403 The trustees (who aré also the directors ofthe company for the purposes of company lawl confim that for the year ended 31 March 2024 the company was enlilled to exemption from audit uncser section 477 of the Companies Act 2006. and the mèmbers have not required the company to obtsin an audit of ils accounts for th& yèar in question in accordance with section 476 of the Act the trusteès a¢knOedge their re5ponsiblitiès for complying with the requirements of the Act with respect to accounting records and the prèparation of accounts The nol¥s on pages 14 to 20 fomi an integral part of these accounts. These accounts, which have been prepared in accordance with the provSsions in the Companies Act 2006 relating to Small companies, were approved by the trustees on 12th De¢ember 2024 and signed on Ihelr behalf by.. Afrah Qassim Chair 13
Liverpool Arab Arts Festival STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 March 2024 2024 Total 2023 Total Cash flows from operating activities.. Nel incomellexpenditurel per SOFA Depreci8tion Investment income (Increaselldecrease in debtors Increaselldecreasel in creditors 66,414 110.800) 113} {3,396} 13,875) 59,130 131 3,908 {2,1931 {9,088} 151 Cash flows from investing actlvltles Investment income 13 Net in¢reasel{decrease in cash: Total cash as at 1 April 2023 Total cash as at 31 March 2024 59.143 73,884 133,027 19,085) 82,969 73,884 The notes on pages 14 to 20 fomi an inlegTal part of these 8¢¢ounts. 14
Liverpool Arab Arts Festival Notes to the accounts for the year ended 31 March 2024 1 Basis of preparation These accounts (financial statements) have been prepared under the historical cost convention, 1.1 with items recognised at cost or transaction value, unless Otherwise stated in Ihe relevant note{s), in accordance with.. {a} The Charilies A¢1 2011 {b} The Companies Act 2006 {c) The Financial Reporting Standard applicable in the UK and the Republic of Ireland.. FRS 102 Id) Accounting & Reporting by Charities: Statement of Recommended Practi (Charities SORP FRS 1021 leffeclive January 20191 1.2 The charity meets the definition of a public benefit entity as defined by FRS 102 The trustees consider that there are not material uncertainties aboul the charity's ability to continue as a going concern. 2 Accounting Policies 2.1 Fund accounting lal Unreslricled funds are those that can be expended at the discretion of the trustees in the furtherance of the objects of the charity. (b} Restricted funds are those that may only be used for specific purposes. Restrictions arise when specified by the donor, or when funds are raised for specific purposes. {c) The purposes of the funds are shown in Note 82. 2.2 Income (a) Income is recognised and included in the Statement of Financial Activities {SoFA) when the charity becomes entitled lo the income,. receipt is probable. and the monetary value can be measured with sufficient reliability. Ibl Where income has related expenditure le.g. projects), the income and relaled expendilure are reported gross in the SOFA. Icl Bank interest is recognised when credited to the account. Idl Gift Aid. where appropriate. is recognised in the same accounting period as the donation to which il relates. le} Income, which is subject lo conditions Ihat the charity has yel to fulfil, or which is specifically for use in a future accounting period. is treated as deferred income. 2.3 Expendilure and liabilities {a} Expenditure is recognised on the accru81s basis. (b) The charity is not regislered for VAT, thus all costs are shown inclusive of VAT charged. (c) Liabilities are recognised as soon as there is a legal or constructive obligation to pay out resources. Idl Governance costs include the costs of preparation and examination of the statutory accounts, the cost of trustee meetings and the cost of any legal advice to trustees on governance or conslitulional matters. 15
Liverpool Arab Arts Festival Notes to the accounts for the year ended 31 March 2024 2.4 Tangible Flxed Assets la) Tangible fixed assets are capitalised if they can be used for more than one year and cost at least £250. They are valued at cost or, if gifted, al their value on receipt. Rates of depreciation Building Improvements- 200A straight line basis to nil Fixtures and fittings.. 150/0 Straight line basis to nil Equipment.. 20 10 Straighl line basis to nil 2.5 Debtors {a} Debtors are recognised at the settlement amount due. Ib} Prepayments are valued at the amount prepaid. 2.6 Cash la) Cash eomprises bank deposits repayable on dem8nd and any short-term highly liquid inveslments wth a maturity date of three months or less from the date of acquisition or opening of the deposit or similar account. 2.7 Creditors lal Creditors are recognised where the challty has a present obligation resulting from a past event Ihal will probably result in the transfer of funds to a third paty and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised al their settlemenl amount, usually the invoice amount. Ib} Accrued charges are nomially valued at their selllemenl amount. 2.8 Taxation The charity is not liable to income lax or capital gains tax on its charitable aclivilies. 3 Transactions with trustees and related parties No trustees received any expenses Inote 131 during the accounting period. Owing lo the nature of the charitls activities and the composition of the board of trustees (being drawn from local statutory and voluntary tsrganisationl, it is inevitable that tTansaclions will take place with organisations in which a trustee may have an interest. All transactions in which a trustee may have an interest are condsjcted al ami's length and in accordance with the charity's financial regulations and expenditu pro¢edures. No transactions were indentified which should be disclosed under FRS 102. 16
Liverpool Arab Arts Festival Notes to the accounts for the year ended 31 March 2024 4 Donations and legacies 2024 Unrestricted funds 2024 Restricted funds 2024 Total funds 2023 Total funds Donations 1,373 1.373 1,373 1,373 8,462 8,462 5 Income from eharltable actlvltles 2024 Unrestricted funds 2024 Restricted funds 2024 Total funds 2023 Total funds Arts Council Funding Culture Liverpool Investment LCRCA.. Generations for Change Yemen In Conflict Granada Foundation The Space Cic PH Holt The British Council The National Foundation LCVS CIF Qatar Foundation Internalional 200.912 200.912 14,250 112.024 14,250 14,250 2,000 2,000 8,618 5.000 68,000 26,573 1,400 68.000 26,573 1,400 19.667 163,559 200,912 110,223 311.135 6 Other Incoming resources from charitable activities Unrestricted funds Restricted funds Total funds Total funds other Income Box Office 45 4,866 4,911 45 4,866 4.911 3,344 3,344 7 Investment Income Unreslricted funds Restricted funds Total funds Total funds Bank Interest Received 13 13 13 13 17
Liverpool Arab Arts Festival Notes to the accounts for the year ended 31 March 2024 8a Restricted funds summary Balance blf Incoming Outgoing Transfers Balance clf Culture Liverpool Investment DCMS: Cultural Recovery Fund Granada Foundation Qatar Fdln Intemational LCVS CIF The National Fdtn Youth Music The British Council The Space Cic PH Holt University of Liverpool 18121 151 53 16,263 14,250 14,268 18301 (531 7,828 8,435 1.400 9,836 42,562 1,400 26,573 68,000 16,737 25,438 1161 16 12} 137 103 137 15.348 110,223 64,271 61,403 Purpose of restricted funds Culture Liverpool contribution towards the Liverpool Arab Arts Festival. Granada Foundation provided funding towards cultural workshops in schools. aalar Foundation InleTnational provided funding for schools cultural development project. University of Liverpool funded our Yeman in conflict national project. Arts Council Lottery Project Grants Live and Digital Project. Department of Digit81 Culture, Media and Sport. Culture Recovery Fund. Safeguarding LAAFS cultural offer durirsg Covid 19. 9 Staff Costs 2024 2023 Gross Wages and salaries Social securtly costs Pension contributions 98,038 3,779 1.342 103.159 80,792 1.708 1,239 83.739 The average number of employees during the year, calculated on the basis of full-time equivaSents, was as follows= 2024 2023 No employee received emoluments of more than £60,000 during Ihe year 18
Liverpool Arab Arts Festival Notes to the accounts for the year ended 31 March 2024 10 Debtors and prepayments 2024 2023 Debtors 10.095 10.095 6,699 6,699 11 Cash at bank and In hand 2024 2023 Current accounts Credit card Resetve account Cash in hand 131,897 73,196 721 409 133.027 708 120 73,884 12 Creditors and accruals 2024 2023 Creditors 351 351 4,226 4,226 13 Trustee remuneration and expense$ 2024 2023 Total amount paid 418 2,812 During the period two trustees received out of pocket expenses (2023.. 21 14 Guarantees As at 31st March 2024. 5 members had given a guarantee of £10 each in the event of the company winding- up. Total: £50 {2023.' 6 members, £601 19
Liverpool Arab Arts Festival Comparative Statement of Financial Activities (Including Income & Expenditure Account) for the year ended 31 March 2024 16 Com arative in¢ome and expenditure b fund Unrestricted Funds 2024 Restricted Funds 2024 2023 2023 Income from: Income from donations Income from charitable activities Other incoming resources Investment income Total incoming resources 1,373 200.912 4,911 13 207,209 8,462 114,024 3,344 110.223 49,535 125,833 110,223 49,535 Expendilure on: Charitable activities 186.747 125.916 64.271 60,252 Net incoming l {outgoingl resources 20,462 1831 45,952 (10,7171 Transfers between funds 1103) 103 Net movement in funds 20.359 (831 46,055 (10,7171 Reconciliation of funds Total funds as at 1 April 2023 Total funds as at 31 March 2024 61,009 81.368 61,122 61.039 15,348 61,403 26,065 15,348 20