Bangor Arts Initiative 

End of year 2024 Trustees report 

2O24 brought new challenges for Bangor Arts Initiative, since BAI no longer had access to the empty shop scheme due to the Deiniol centres new ownership. The craft shop has been functional at arts and crafts fairs throughout the year along with workshops in the local community, 

Due to vacating the Deiniol centre the charity presently shares a container to store all the lanterns in along with the art and crafts stock as well as the charities equipment.  The charities busiest period was from August 2024 to November 2024, where workshops were made available to the local community through a grant scheme from Adra housing organisation.  BAI secured funding from the Adra community investment scheme of £1000 to do workshops creating decorations for the Bangor music festival on August 21[st] , 2024. 

BAI also secured £3000 in funds from Bangor city football stadium (CIC) to decorate the stadium for Halloween and private events over a five-day period along with providing workshops. 

BAI voluntary base is 11 volunteers in total who have all been active during 2024, volunteering in workshop, craft fairs and at the Bangor music festival along with help at the banger city football  stadium event. 



## **Profit & Loss** 

## Bangor arts initiative 

Accounting Year 2024/24 

||**Debit**|**Credit**|
|---|---|---|
|**Turnover**||**2,565**|
|Sales||1,000|
|membership fees||220|
|Craft shop||1,345|
|**_add_ Other Income**||**4,000**|
|Grant Income||4,000|
|**_less_ Cost of Sales**|**1,889**||
|Cost of Sales|-44||
|Materials|1,933||
|**Gross Profit**||**4,676**|
|**_less_ Administration Expenses**|**4,264**||
|Volunteers expenses|52||
|Artist fees|3,505||
|Workshop refreshments|101||
|Office Costs|101||
|Office Equipment|15||
|Mobile Phone|66||
|Stationery|8||
|Advertising and Promotion|113||
|Travel|302||
|**_less_ Staff Costs**|**490**||
|Volunteers refreshments|490||



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|**Operating Profit**|**-£78**|
|---|---|
|**_less_ Corporation Tax Liability**|**£0**|
|**_less_ Dividends Paid**|**£0**|
|**_less_ Profit & Loss journal entries**|**£0**|
|**Retained Profit this period:**|**-£78**|
|**Retained Profit brought forward:**|**-£1,374**|
|**Distributable Reserves / Retained Profit carried forward:**|**-£1,453**|



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