PANY Llm ran and not havln FIN ATEME R THEY DED HARrrY N MBE Nl
ECH FINAN ATE RTHE TENT Report of ts Marnoemeni Commltteg ALKlltor6 Report to the member8 8.10 Stthomant of Flnancial Actmtles 11 Balance sr 12 Nth6 to Ihe FlnwKlal Slatements 13.18
ECHO DAN ATRE RT FTHE ANAGEMENT RTHEY EN REP PArrrEE CH2 24 Echo Echo marked the tenth annNersary of movlng Into its beautlful home studios In Waierloo House durSng 8pnfYJ 2023 h)wever the 2023124 flnancLql year remained challervJlng for many arts organi8ation8 In Northern Ireland. Grant incorn• w89 down on previou8 yèarn and Marty all cor• and projeGt Gosts conllnued to Increase. Total earned income wa6 mdntalned at around simllar lovol to prevlous ar acro88 a range of dbfferont servkps prOvkI1. Echo Echo r84ngao8d wtth tts eoro audlgnces And workad tDwarda mbuilding its different programm6s ol production, porformance dnd partldpation after the challewes of the lockdown years ar the ongolng CO of lin9 crisls siarKlsOII grant Income 01 £112k was 88cured through the ACNI Annual FurKling Programme atKI a welcome add111onal award of £18k was PTOVKled at end of Ilnawal year vla the ACNI AFP uplfft schgma. Conttnued Gore fundlng Irom Derry Clty arsd Slrabane Dlstrlct Councll was a vltal support. A 8ingl&-y8ar core grant of £20k trom the Qwffield Weston Foyn¢aiion helped tQ 6afeguar(I Ihe Gornpany durlng ihls perfod of rapdty kncreaslw costs. EC Echo F8Stlval secured Increag8d grant fundlng from th&1ri8h governmenl Co-operation wllh Northom IrolarKI Fundina Schéme {£14k) towards the sewnd gditlon of It6 Tradttlon arK1 BehDnd programm8 of dan¢e, movemern and muslc events Inspired by the Irlsh Tradltlon. Th1$ programme was a partnership betbveen Echo Echo, Cullurlann Ul Chanain (Derry), Unlver6lly of Llmerl¢k, Siamsa Tlr8 (K&rry) and Leitrim Dance Project. Thls Is the slxlh tlme Echo Echo Fesllval has been 8UFWrt•d by th18 cr0884x>rd¢r Scheme and ihg largest grant award recelved Irom the fund to dale. Major Echo Echo Fe8tfvol commlgslon Irorn 2021 . Amid the Noise and the Ha8te by Colln Norrby and Echo Echo . was award6d tho prlzg for 898t Orlalnal Soundtrack at the pre89[0V6 Llght Movfr8 Film F0811val 2023. Colln ha8 been commis81oned to creaie a new score for the Echo Echo - PETEC (Romanlal Intemaiional COwprodixt5on in 2024. Echo Echo Ensembl8 - Ayesha Mailey, Kelly Qulgley, Zoe Ramsey and TDnya Shelna - 3Jong wlth TechnlcAI Manager Barry Davls produced two orfglnal ¥wrks wllh sm811 txxlgets 8UPPOrted prlncSpally by voluntary time, Ix)x off Ice Income as well a8 Small grant contrlbutlons from Dery Strabana Counctl and the Enkak)n Foundallon - The Expgrfmenl In October 2023 and Winterf8 Dream In Dec8mber 2023. Both prt)duclions were well atterKJed and 8xlr8meiy well rec8iV8d by audl8nc88. Sourcing funding for new work continues lo be a malor challenge ft>r Ihe company with only one research and developmant grant and no produclion grant8 In the last ten year8 oespiie 88n81Ve effort8. Other perk>rmance projects durlng 2023124 Includgd: Echo Echc Trlple Blll leurIng The World {Inlo which I was born) by St6 Batts, Swing Llghlly by Tonya Shelna and Zoe Ramsey arKI Move It by Zoe Ramsey & Echo Echo Ensemble Steve Batts perforrnlng 8010 work at Dancer Irom tha Dance Fe8llval of Irlsh Choreographyi Dublln A BOX - partoman¢es ol thls ortglnal work by Zoe Ramsey arKI Torya Sheina ai Ro8 Valley Arts aNI Echo Echo Studios In summer 2023 Show n Tale Sesslon8 was a new inleracttve stowelllng perfomiance project by Gernma Walker.Farren (MakeyUpper5) and Tonya Shelna (Echo Echol Wall Dancos - a new outdoor video In8tallallon for Cullure Night 2023 by Barry Davls arKI EC1 Echo Ensemble GHOSTS - by G8mrna Walker-Farren & Etho E¢hD - toured In Ireland as part of the First Fortnight Festfval In January 2024 Four & Fioriture presented in February 2024 are two new work8 for dancers and irnmersive audlo. created collaboratively by Peter (YDoherty with Echo Echo Ensemble arKI Steve Batts
THEATRE REPORT OFTHE M EMEKr RTHEY D 31 MARCH 24 Echo Echo contlnued to work In partnershlp with a broad vadety of artlstlc partner8 Includlng maj'or outdoor performances LUXE, lestivals includlng Nl Mental Health Arts F88tival, Dancer from the Dance F8StivaJ (Dublln) and First Fortnight, and muslc partners Including Celtfonic. Northern LwJhts Projéct and Music Capltal vtho pr8s•nt4d #omo gpdlbindlng eoncorte At Echo Eeho Studiog. Echo Echo Gallery supported the vrt)rk of over So artlsls In 20fJR4 under tha r)Jratorshlp of Slnéad Smyth, Includlw Blow In - a 8010 exhlbklon by Flona Ralney. The Edges of This Place by Sinéad Srnh', D8rry Prtnt Workshop artist8 Paul Ba1$6, Cara DorHghy and Stephanio Gaumond; a1 the 88cond A5 Wlnter Internafjonal exhlolilon. New ¢ro&s-bor(ler and cross-artfonn partnershlps Wlth vl$ud arts organlsallong and artlsls were created Indudlng collaboratlons wllh Prtlnk. Inlshowen Artlsts. Retreat, Donegal Visual Arts Nelwork arKI North West Regional College throughout the year. Barry Davls, Niglrt Llghts m4or outdoor Iloht knstallaiion at waterk Street for DCSDC continued throughoul Ihe year, Echo Echo Sbjdlos hSre incom• was a valuable 80urce of unrestricted Income arKI th• Studlo8 rela1d hlre raias at very reasonable levels and ensured a hlgh level of sefNlc8 to all hirers. Feedback from a very broad rang6 of arta and ¢ommunhy hirer8 ha• bo•n unanlmou81y positlvo. Tho company 8UPPQrt•d a wklo ranao of artists r0e1 dlffgrenl artforms wllh free and lo1 8pace equlpmenl and lechnScal SUFf)Ort through ils Re81dency Programme and ABSC1&19 Artlst Programme - 8tronglhenlng art181 nelwork? and partnersh5 and Contrlbullng io local cultural dgvglopmeni. The Assocl8te Artlst programme has grown to fouf a8Baclatss - Slnéad Smyth, Gemma Walker-Farren. Karen Torfoy and Laune Schneld8r - each worklng wlth tha company in diffèmnt ways, doveloping thelr own wactlce and collatsoratlng wlth the company on specff Ic projects. EEDTC ¢ontinued lo demon8trate Its commttrnent to acce8slblllly by eNJaglng wlth the DCSDC kGe86 arKI Inclusion Pfojeet where opportunltles arose durlw 2023124 - Includlrwd ISUBSL Iralnlng, Deaf Awareness Tralnlng and Disability Awarene88 Tralnlro for staff and ensemble artists. Further to an Independent access audtt, fijrthar acc888 Improvements were made to Echo Eckwj Studios. Three new Soclal Narrative accessltA8 vldeo8 wre pr(xluced for tho venue and aro hosted on the company websh8 . thanks to Councll and lo t Unfverslty of Atyplcal for thelr Support th680. EEDTC cornme0 a SIh Body Wlsdom In the Comrnuntty programme facllltated by Echo Echo Ensemt4e athts alorw wlth muslclans Mark O'Doherty and Amanda Ko8er-Gllle8pie. Sur¥)ortÈd by the ACNI Arts and Older People Programme, The Barfng Fourmjatlon and the Natlonal Lottery. thi8 project provkl8d dance arKI movoment workshops in local care 8ettlngs IludIr Deanfbld, Eglinlon, Wllllam Street and Praxls Care. Weekly Body Wledom 8ès6lons %%rfth K61ty Qulgley have gone from Strength lo strowh wlth contlnued Gommltmert the core group and new members lolniffj, The company prOd8d a Gc)od Relatlons pro}ect 8UPPOrted by DCSDC and T8UC In Iwo Nel)ulldlnp8 prfmary sclK>ol£ loadlNJ io a do8lng pèrformanc8 at Echo Echo StudioB' and E¢ho Echo's REAP programme supported by ACNI Lottery funding engaged ovar 300 audl•nc• arrfl partlclpatlon in Eglinton, Plumbrldge, Slon Mllls and throuohout the Dprry Strabane Councll area
HO ECH RT DAN THEATRE ANAGEM ENDED EP FOR THE MMrrrEE 2024 Echo Echo Studlos support1 a varty of arts and communty actimties that contributed to the crèatlve develokYn8nt and health and wellbeing of local citizens In 202W24 In¢ludlng, to name but a few ol many dozens of examples: Echo Echo Klds Classes on saturda vAth Ayesha Malley and Torya Shglna Weekly Adull Dance ses8lons wllh Zoe Ramsgy Body Wlsdom weekly dasse8 wlth Kolly Quigley for older athils Echo Echo Summer Scheme Intensive week8 of darKe, movement, arts and crafts Fofv Down Syndrome Assoclatlon 8esslons wlth Tonya Shelna Flrst Aci Youth Theatre wgokly clasges and Perforniafss hfth Mary Fllzpatrfck SinglrvJ Mamas se53ions wtth Music Kln Baby Yoga Reflexology sesslons wryth Women's Centr8 In Your Space Clrcu8 Acro cla88es for kid8 and adults Nourigh Winier SesBlons vlth Uhl Shlvak Clrcle Oan¢e cour8e818d by Jean Parker Y(>ga Chloe Yoga wlth Megan Northwest Alkldo Clrcle Echo Echo has been developing o straleglc partnershlp vAth An Grianan Theatre, Letterkenny wlth a vlew to n8w creatlve projects, new work development and cr09s-bord8r lundlng bids., and conllnued lo wotk wtth the Atlanllc Technologkxl Unlversity In Sllgo. Internatlonal prolecis during the ar induded: Steve Batts teaching at Italy Contact lrnprovlsatlon Festlval arnj at Bodymgld Festfval Bulgarfa; development of a major Intemallond cg-producllon PETEC due commence in Aprll 2024,, as well as Internallonal artlst rgsldencles at Echo Echo Sludlos. Echo Echo Artistic Dlrector, Slave Batts, contlnued to play an actlve rol8 on the DCSDC Art6 and Strategy CtrDelfvary Group durlng 2023124 and engaged In a wlde range of 8tr&t•Jlc sectoral meatlngs. Echo Echo tyked wth Thrlve audlence development aoency on the NW Audlence Supiey and DCSDC Audl8nc8 t>evekynerrt Stralfgy. Thanks to dll ot lh8 people and organisaon3 who rnad8 Echo Echo's work p0881ble In 20tJr24 - our audlonce8 and partKipants, the Echo Echo En6emble. Ihe core Btaff leam, our volumeers, our clrcles of associate and resldent art18t8 and muslclans, the Echo E¢1 Board of Dlrector5 and all of wr funders arKI project partner8. Flnally, speclal menllons and thank8 to outgolThJ dlrector Caih McBrlde who stetV8d down from the Echo Echo Board after supportlng arKI advislro the company so oenerously over the last ten years, and to OUOIng Echo Echo Dgvel(ymern Offlcer Anna Nolan moved on Irom the company in October 2023 8ft8r more than 11 arS In post . IhAnks for all of your gupport And wo vlsh you 411 Iho bo81 for the futurol Allbé Belme Company Secretary
ECHO E TRE COMPANY REpoKf OF THE MANAGEMENT C MMITT 31M The Statement ol Flnandal Actlvltl8s on page 13 details Ihe resufts for the year. Qra11, ITr Company had a net movemenl out ol fun¢s In the surn ol £e,082, Thi818 made up of net movement In 01 unrertted funds of 217.339 and a ngt movemont out ol r68trktgd fund8 of £23,421. The net moyemenls In ol unrestrl¢ted lurMJs for liie year of £17,339 ha8 been added to the unreslr1ctI balances brought forward from 1 April 20tJ of £50.669 givlng a not unréslrtcl&1 balance cardgj forward at 31 March 2024 of £68.008. Th8 not movements oirt of restrlcted funds for the ygar of £23,421 has deducted from tho funds balanGo brought foThYard at 1 Awll 2023 01 £25,051, aln0 a rth restricted fvnd bdan¢8s carrled lorward al 31 March 2024 of £1,630. Tho company has developed a new flve year Slrateglc Plan lor 2023-28. Thi5 provld85 a Flan as10 how the ¢ompany adapt and suth over the next few years. Due to the nature and fundlng ol Ihe company, )sts can quickty be reduced11 Income Is reduced, Due lo the re8erves and forecast budgets the management commltte8 belleve that thls provides sufflclent confidence that the company Ss a golng concem and the coun18 have boon prepared on thai ba813. The comrnhtee has assessed the major rlsks to whlch the Company Is exposed, In partklar those reLqted to the operations and flnancK of tho Gompanyi and are 8alslle(I Ihat smoms are In &cel0 mlttyt81tr exposure to major rl8k$. Echo Echo has a buslnesB plan In plac8 for 2023.28 arKI ¥11 bulkl on tha outstanding succe88es ol th8 prevlous cory)orate plannino riod which Saw the realt8atlon of most key $lr&tegic obj8Ctive8. The company alms io remaln artlsi led and to retaln core Staff whlle e8tabll8hlw the centre in Increa8lngly challenglng economlc clrcumstanc88.
HEATRE PANY EPOFrr FThEMAN ENDED 1MAA TR RNANCE D MANA eMEKr The organisatlon Is a company Limlt&d by Guarantee not having a share c8pltal, Incorporated on 23 April 1998 and Is reglslered vAth the Nl Charlly Cornmisslon. In mltteo Thèrè are currenlty 5 dir•ctors on th¢ Managernenl Commfftee, ona Trglnl New dIrterS underao an orferrtayon day to brief them on .' Ihoir lègal ollgatbns urKler eharty aTrJ company law. Ihe charity commisslon guklance on public benefit, and Inform th6m of tha content of the M8morandum arKI Artides of Associatlon, Ihe committee and the dec181on-rnaklno process, the busine83 plan and recent linancial ptsrformance of the charlty. Durlng the Inducuon day they mael key omtyoyees arKI other members. Member8 are encouraged lo attend approprlate extemal events ere thase wlll facllltate the undertaklng of the r¢le. The Management CDmrnlttee admintsiers th8 Charity. To faciiiiate 8ffec15ve opefaiions, StePn 8atts a8 Artlstsc Director and Allbe Bolme as Company Manager iolnlly have d81eoated auihorlty from th8 Managamern Commlttee for operatK)nal matters Including flnance and management and general day to day oparatlons of the organlGallon. Non8 of the Dlr6ctor8 recgive8 rernuneratlon or oth6r benefits from thelr work wlth th• Charfty. Any connectlon beOn a dlroctor or 8enlor member of the charlty a contraGba suppller must b8 dI8cIos8L110 the full Management Committee In the Same way as any thher conlractual relatlonshlp wlth a relatgj party. In the xjrrent year no such related party tran8aGtions were reported. The narne of th8 Charlty Is Echo Echo Dance Thoatre CompAny. It Is a company Umltad by Guarantee noi havlrKJ a share c¥tal. The Company was Incorporatad on 23 Aprll 1998 arKI has charitaue status. The compary is Ilmited by guararnee and therefore th8re were no dlrectors, Interesl In share capltal.
DAN PW4Y THE YEAR ENDED ARCH 21V24 Delrdre Qlllesp bg Bolrng Cotherlne Mc Brkse IRe8ign&l 0610312024) FrwKls Raffety (Wnted 2710412023) Dolrdr8 Gll*le Gall Mahon Concettlna McCaul8y Clara Bradley (Apwlnted 2710412023) Esther AJl•yne (Bloned 2wo8120j sieve Ba118 FFI Watsth Hou8 Maga2ln8 Street Dory, BT48 6HH Bank ot Ireland Strand Road Dery BT48 78T E F McCambrKlgo & Co 6 Ba)kni Torraco D8rry BT48 7EE NI 34042 Company Umw By Guarantoe IA XR 23797 NIC 11)0060
ECH HO DAN HEATR EP EMEiir MIAirrEE KriN E YEAR ENDED ED OF TRU BIL The Managemenl Commlttee (who are also dlrectors of Echo Echo Dance Theairg Company for the purposes ot company law) are resp)nsibie for preparing tho Management Commlltees, Annual Report and the finandal atatemenls In aceordarth with appllcable law and United Klnodom Accountlng StaThlardS {Unlt&l lfjrwom Generally Accepted Accountlng PraCte). Company law requlres the Managemènt Committee to prepare financial gtst8m8nts for •ach flnanclal year, whth gfve a true and falr view of Ihe 8iaie of affalng of the charitable company and of the incoming resources and appltation of resource8, IrlUdIng the income arvj exp8ndlture, of the charttabl8 company lor ihat pertod. In prèpartng thoao Ilnancial 8taiement8, tho Management Commlttee are requlred lo: selecl suttablo accountlng polldes and then apply them conslstently; observe the methods and prlnclp16s In the charl'8S SORP (FRS 102); make judgements arxj 88tlmates Ihat ar6 reasonalye and prudent; state whether appllcaUe UK A¢counllng Standards have begn follow*d, subj.e io any malerlal departur8S db8cbs8d and explaln8d In the flnanclal Siatemems., prepare Ihe flnanclal 81atemenls on Ihe golng concern basls unless it18 Inapprcprfate to prasume that the charllable Gompany wlll contlnue In op6ratlon The Management COrnme8 are ro$F()nsbl8 for k88plng adequato accounting record8 that d18cIo8e with reasonable accuracy at any time the flnancSaJ posttlon ol the charltabl8 company arKI to enable thèm to ensure thal the financial statements comply wlth the Companies Act 2006. They arg al$0 responslble lor safeguardlng Ihe assets of the Charable company and hence lor taklro reaBonable 8t6P8 lor the prw4entlon and detectlon of fraud and othgr Irrggularftièg. In 80 far Ihe Managem8nt Commltt8e are aware., Iher? 55 no relevarrt audlt Informaibn of whlch the charltO compan18 audltor18 unaware: and lh8 tftl8taes have laken all steps that they ought lo have taken io make themsefves aware of any relevant audlt Informatlon aThY to aslabllsh that the audltor18 aware of that Inlormatlon. Drr A resolullon proposlrKJ that E F Mccambrldge & Co. be re-8ppdnt8d a8 Audltors of the company Vo111 b8 Put to the Annual General Meeting. YPA Th18 report ha$ been prepared in occordance vAlh Ihe prollslons applicable to compan6es enlltled to the small companies exemption. Awoved by Ihe Managemant Commlttee on 19 December 2024 and slgned on thelr behalf by '. DIREGfoR:
INDEPENDENT DIT PORT ECXO ECHO D THE MEM E THEA ER AND TR We have allIed the tinanclal statemènts of the Echo Echo Dance Theatr? Company for the year endwj 31 March 2024 whlch comprlse the Slaiemem of Flnancial Aciiwlles, the Batance Sheet, and the relaiea rte8 tt) Ihe financial statements, Includlng a summary of 8ignlficant aGcounting F)olloes. The flnandal r8pDrting framework that ha8 b8en applled in their preparation Is applicable law and United Klng(k)m Accounti Standards. InCIJ1ng Flnancial Reporting Standard 102 'T Flnanclal Roportino Standard appllcable in the UK and Rgpublk ol Ireland. (United Kingdom Generally A¢c8Pled Accounllng Pracllce). In our or4nlon th• financhl statements '. gfve a irue and falr vlew Of Ihe 8tate of the charttable companys affalrs as at 31 March 2024 and ol Its ncomlng resour6 and appIltIon ol re8our6es. tor Ihe year Ihen 8fKled' have been properly prepared In acGordarKe UnltBd Klngdom Generally Accepted Accountlw PrAthico; have be prepared in accordance the requlr6mont8 of the Companles Act 2006 We GgfKIuGied our audlt In a¢cordanc8 wh Irrt8mallonal siandArdB on Auditlng {UK)118Ag (UK)) and 8ppllcable law. Our respon81bllitle8 under those standard6 are lurthgr descrlbed In the Audllofs respon8lbilitles lor the audot ol Ihe Ilnancial statements sectlon of our report, We are Independ8nt of Ihe charll8bl8 company In accordance wtth the ethlcal requlrements thot are relevant io our audM of the flnanclal statements In the UK. Inckniing th8 FRC'8 Ethlcal Standard, arKI we have lultllled our other ethlcal responslblllties In accorda& wlth Ihese requlrements. We bellove Ihat the audtt evldenGe we have obtalned Is Buffldenl approprlale to provlde a basls for our Oplnlon. In audlling Ihe flnarKlal stalemgnts, we have conduded that the Trustees, use of the golno corrArn ba6ls of accountlrvJ In the preparatlon of IIN8 financlal staternenls Is appioprlate. Based on the work we have performed. we have not Id8ntlfl81l any matortat uneortgJntie8 relatlng to fftnts or condlllons that, indivKlually or collocdvely. may ca$t 8ignificanl doubt on the ¢ompanl8 aksllty to contlnue as a going concern for a period of at le e1ve months from when the financial statements are authoriged for188ue. Our r6sp)nsibbllllos arKI tho fe8pon81blllle8 of the Trustees w51h respect to going con¢grn are d88crfbed In the relevant sections of thls report. Tha othor Informatlon compii8e8 the inforrnatn Induded In the annual report olher Ih8n the flnancl Stalemgnts and our auditor's report thereon. The Trustees are responslble lor the other informallon conlalned wlthln the annual report. Our ¢)plnlon on the flnancial statements does not cover the other informallon and, excepl to the extent otherwise expll¢rtly stated in our report, we do noi express any torm of assurance onclusion thereon. Our r8sponslbility is to read the other informatlon and, In dolng $0, Conslder whether the Other inlomiatlon L8 matèrially incor6lstent with the financial statèments or our knowledge obtained in the course of the audtt, or olhen*vlse appears to be materlally mlsstated. If we Identity Such material InGonslslenGlos or aFparent material mlsstal8m8nts, we ar8 r8quired lo dtherffline whothor thlg glve8 rf88 to a material misstatement in the tInanC statements themselves. If, based on the WO we have perf0m1, we ¢ondude that there Is a material mlsstatement of thls otr inlomiatlon, we are required 10 report thal fact. We have noihlng to report in thls regard.
IND DENr TO THE ER UST PINI N OTHER AThERS PRESCRIB YTHE In our oplnlon, based on the work un(Jertaken Sn tha courso of th8 audit: the inlonnatlon glven In Ihe Trusteg5' Fleport lor the linancid year for vthlth the flnancial statements are preporeo Is consien1 witn the Ilnandal stai8ments', and the Trustse8' Report has en prepared In a¢(yJrdance ilh aFvllcable legal rUIreMents. UIAED RTBYE In the light of our knovAodae a1 understandlno ol the charrtatle cornpany and Its onvironmont obtainod In the course of the audtt, we have not idgntified malor1 m186tatements In the Trusle6s' Report. We have nothlng to rw)ort In respect of t lollolng matter8 In relaiion to whlch Ihe Companlos Aet 2006 roquires us io report to K, In our opinlon: adequate ac(x)unllng records have not been kept, or returns adequat• tor our audlt have noi been recelvod by u8; or Ihe flnancial stat8m8nt8 are noi In agreèment wllh the accounting re¢¢rd8 arKI returro; or certaln dlsclosures of Trustees. remun9ratlon 8peclfled by law are not made: or we have rt re1Ve all of the Inlormatlon and explanalions r8qulre for our audlt. AS explalned more fulty In th8 Trust88'8 re8ponsibllltle8 8tat•ment J•t out on page 5, the Tru8tee8, who are also tha dirgctors of the charlty for tho purpo888 ol company law, are responslble for the preparallon of Ihe ffinancial stataments and for belro satisfled that Ihey glve a Irue and falr vlow, and for such Inlemal ¢ontrcA as the Trustees determlne is nec8s8ary to 8nable th8 preparatlon ot tinanclal statements that are free from matertal mhsialemenl. whether due lo fraud or error. In prepartng the flnancl8f stat8ments, Iho Trust998 aro respon$lbl8 for a98eB8ino thé charitable eompan5ls abllrty lo wntlnue as a 9olng conGern, di8cIo8lng, as appllcable, matters relatecl to goSng concern and u61ng the going concern ba818 01 accountlng unless the Trustees etlher Intend to Ilquklate the charllable company or to ceage operatlon8, or have no reall$tlc atternallve bul to dej 80. 18ILITI TEME Our oblectlves are to oblaln reasonable assurance about whether the flnanGlal statemen15 as a whde are free Irom rnaterlal mlsstatement, whether duo to fraud or error, and to Issue an Audiior's R8POrt Ihai Includes our opinlon. Flaasonable assurance L8 a hlgh level of assurarK, but18 not a guarantee that an audit corKJucted In accordance with ISAS (UK) will always deteGI a maierlal mlsstalemenl when ft exlsis. Migstatements can 8ri86 from fraud or error and are consklered materlal If, Indlvldually or In the aggregatg, they could r8asonably be expected to influence the economic declslons of users taken on the basls of these tInaral statements. Irreoularities. includirKJ fraud. are instances ol non-coMtylar wtth laws and regulallons. We deslgn ocedures in lin8 wth our respmsibilities. oudlned above, to delect material mlsstatemenls in resp8Ct of Irregularltles, Sncludlng Iraud. The speelflc procedure8 for this engagèment and Ihe exterrt to whlch these are capable of deiething irmgularltlos, includlng fraud is détalled below..
DEP NDEKf AUDrr EP O DANCE THEAT OTHE BEA ANY. EES . coKriNUED Revigmrfng the full linanclal statement élsclosures and testing to supporting documentth'on to assess mplIar with provision8 of relevant laws and regulation8 descrlbed as havlng a dlrect ellect on the financial statèments; Enquiring of management c¢nGerns of actual and poienllal Ihlgatlon and dalms and di$SSIng with management how they Klentrfy, as8e$8 and respond to fraud risk; Pérforming Ènaloical procadures to identlfy any unueud or unexp6ct&d rolation8hip8 that may IrKlir*te rl8ks of materlal mlssthtement due to fraud., In addressing the risk of fraud thr0h management ovethde of controls, t88ting the appropdaten888 01 lournal entries and Oiher adjustments. assesslng whether the judgemènt made In maklng accountlng 88tlmat85 are Indkaiive of a potentlal blas,. arxl evduatino buslness ratlonale of any slonificant transactlons that are unusual or outslde the nOrrn coufbo of bu8lno6s. Wo also communlcated relevant identlfied laws and regulatlons arKI ptstendal Iratxl rlsks to all eroaoement team members and remalned alert lo any Indloallon8 of Iraud Dr n0ncompl1an with laws and regulati¢)ns thrwgk>ut the audit. Because of Ihe Inherent Ilmllations ol an audlt, there Is a rl8k thai w8 wlll del8 all Irragularftios IncluthrYJ Ise leadlna to a materfal misstatement In tho finAnalal stat8ment8 or non<ompllarbCa with regulalion. Thls risk incraa6es the more thal comrAlanc6 a law or regulatjn Ss removed from the events and tran8actk)ns rellected In the Ilnanclal stAtements, as wa w511 be1098 Ilkely to become awaro ol in8tan¢e6 of non-compliance. The risk Is also greater regardlng Irreuularlllos o¢currfng due to froLKI rathar than error, as fraud Invo$ Intenllonal concealmènt, forgèry, collusion, omisgion or mEsrepre8entatlon. A lurther de8crlpibon of our rosponBlbllltla8 lor the aud of Ihe flnanclal 8tatements l• located on the FInar581 Reportlng Councll's webslte at., http8j/m.frC.Org.ukJor-WorklAUdMlAuftht-and-a9suran¢e1SIaIard8-alKj-gUIdanGelStandard6-andUldanc8- for-auditorslAuditor8-respon8lbllltle8-for.audltlDescrtpllon-0f-aud0fS-re5PDns1bIll1Ies-IOr-aUdlt.aSpx. Thls description forms part ol our awJitor'8 rewrt. This report 65 madg SDlely to Ihe charttable compansls m8mb8rs, as a body, In a¢xordanc8 Chwor a of Part 16 of the Companles Act 2006. Our audlt work ha$ been undertaken 80 that wa mlghl stata kn the company8 m8mbers those matters are requlred to Stale to them in an audltols report and for no other purpose. To the lullest extent Pgrmittgd by law, we do not accept or assume responslblllty lo anyone other than the company and Ihe company's m&mbefS as a b¢)dy, for our work, for th18 foport, or for the oplnlons we hav6 form&J. 48 7EE
ATE THE F FINA MES Unre8trlctsd Restricted Tot81 FuNlg Total Fund9 FU18 Fund8 Not8S DI)naon$ & Legacles Charltable Actfvllles (Xhar Tradlng Actmtles Investh)8nt Incom6 1.172 1,172 180,056 51,953 244 180,056 51,953 51,800 53,125 180,056 233,181 282,127 ENDir Ra161ng FurKJ8 Charltabl8 Athllle8 259 35,527 18,701 184,776 203.477 18,960 220,303 19,138 236,392 35.786 239283 255,528 ND RE 17,339 (23,421) (6,082) Transfer bthyeen lund8 17,339 (23,421) (6,082) 26,599 N•t rnov•menl In fund8 for Perfod Total funds brought loward 1 Aprll 2023 Total fund• rrIOd lorward 31 M•rch 2024 17,339 60,669 {23,421) 25,051 (6,082) 75.720 26,599 49,121 68,008 1,630 69,638 75,720 Tl* Income and exp9n(ltturo summary as ruIr8d to b8 dlsclosed by the Companles Act 2006 Is Included al note 12. The ab)ve amounts rdate to continulng operations ¢1 the Company. Tnjsl has no recogn191 aalng and 109908 olhar than tho8è in¢luded In the rejults above aTrJ therefore no 5eparale statemenl of total recogn16ed gains and losses has been presented. There Is no dllteren¢e between Ihe not Incomlng resources for the year 51at8d above and their hijtorlcai cost equlval6nis. .11-
EC THEAT AT 31 MARCH 2024 (rnpany Ilmfted ty guarant and not hAvlng a shar• capttal) FIX Dd)tors & Gfants Outstandlng Cash at Bank & In Hand 28,113 46.505 19.088 62,049 74,618 81,117 Credtor8 & Accrued Expen8e8 10 5,397 4,980 5,397 69,638 75,720 69,638 75,720 Unrestricted Fund8 Rostrlctgd Fund8 68,008 1,630 11 25,1)51 69,638 75,720 The88 ffnanclal statements have been prepared in accordance wllh Ihe Sk)eclal provl8ions relatlrKJ io ¢ompanies sublect to the small companlos reglme. ac£ounts werè approvéd and authorfsod for IB8ue by the Management Commlttee on 19 DECEMBER 2024 DIRECTOR . DEIRDRE GILLESPIE SECRETARY .. AILBE BEIR -12.
RMIN F THE FINAN OR T YEAR ENDED IAL ATEME TH The compaty was in¢OrF0ra on 23rd Nprll 1998 and Is Ilmhed by guarantee. It is r9gistered as a ctrhgrlty whh the Charty Comml8sbn Nl wlth eff8CI from 21 March 2014, Thè charlty is a publlc benelit enllty. 2STA ro Ll The flnanclal Statements have been preparg(I In acxordance wlth the accountyng and rgporting recornmendatkins of the Charltl8s Statemerrt of RornMended PraGtlce and appllcaLqe to charltle8 preparlr¥J I1r accounts In accordance wtth Flnanclal Reporting Standard apk4icable In the UK arKI Republlc of Ireland (FRS 1021 ICharitla8 SORP {FRS 102)), lh6 Financial RePttra StarKlar applic&tAe In the UK and Republic of Ireland IFRS 102) and the Companle8 Act 2(. The prlndpal accountlng polkles adopted, judgement8 an(J key sourc6s of estimallon urwlalnty In Ihe proparalon DI thg flnan¢lal statements are a¥ lollows: 501 The financlal 8iaiem6nt$ have been prepar8d on the hl$torlcal cost baslg, a8 modlfled by the revaluallon of certaln fi'nancial aBsets arKI Ilabllltles aTra Inv081ment propertles mea8uf8d at falr valu8 through proflt or loss. flnan Sialemèn18 arè prepared In atertlng, whlch18 thè tunctlonal currency of the entlty. (b) The Managernenl Commlttee arg of the vlew thai they wlll racelve 8ufflclenl lunding to cover runnlng costs for more than a year and on thi3 ba515 the charlty is a ooing conc8m. The Management are In regular contaGI with funders to secure ihelr ongolng support. All In¢omo Is Included In the Statemenl ot Flnanclal Actmtles when lh8 charlty18 legally entltled to Ihe Income after any wrformance conditions have been met, Ihe amount can b8 measured reliably ar%J it Is probable that the Income will be reCeed. Donation8 are Included in full In the Statement of Financlal Act116$ when receIv, The charlty recoivè8 gDvemrn8N and other grarrtg In r8SP8Ct of thelr charttabla alms. Incomè trom a0Mm0nt and olhor grants aro recognlaed at lalr value the charity has entiuernenl after any rforMAne8 eonditions ha been met, M 18 probable that the Income wlll be reGetved aTKI Ihe amount Can be measured rellably. If enthlemeni Is not m8t then these amounts are delerred, Unreslrictecl fund8 are expgndable at the discretlon of the Management Cornmltt8e In lurtherance of the objects of the ¢harfty. In addltlon fund8 may be held In order lo flnance capftal Investmont and w01ng ca&tal. DeswJnated funds are restricted of the charfty whlch the Management Commlttee may at its dlscretion set aslde funds for specific purposes whi¢h would OtherSe form part of the gera1 resorya of the charity. Restrfcted funds are grants and donatlon$ re¢eNed which are earmarked by ihe donor for partlcolar areas or for s¢ffiC purposes.
PANY F THE FIN 31M IN ESCO Interest on funds hekl on d&pDSit is included when recefvable and th8 amount can be measured rellably by1he charlty. This Is normalty on notlllcation of the interest paid or payable by the bank. nd Irr ver AT Expgndllurg Is reoognl8ed once there Is a16g•l obligatlon lo make a payment lo a thlrd paty, It Is Fxobatle that settlement wtll be required and tho amount of obllgalk)n can be measured reliably. Expondilure Is dassllied under the following activty headlngs: ' Cost of Raising Funds.. comprises the cost incurred In 8eeking dOnaOn8 and fuTrJlng, Stagl evènts and contactlng lurKlers and others to rat8e furKls on behalf ol th8 chadty. . Expendllure on Charltable Actlvlltes Ir1188 the c08tB of runnlng all Ihe projects and all actmtles urKlertaken lo further the purpo¥es of the charlty and thdr a88oclated cost8. There are no Tanglbla Flxed A8set8 in the accounts. (h) hln Debtors and credltors vllh rK) Btated Interest rate recelvable or pftyable wlthln one Spar are racorded al transactlon price. Any losses arising from Impalrment arg recognlsed In expeIvre. (i) As a charlty reg18tored wlth the Chaffty Commlsslon Nl INIC 100069) and also havlno charitable staius through HMRC the company 1$ not Ilable to gilher Incorne lax or Corporatlon Tax. There are no assets In Ihe Accounts, therefor6 no i88ues wlth impaiment. Monetary asseis and Ilabtiitles d8N)mlnated In forelon currènci08 are tran8lated Into 8t8rling at the rate of exchange pievallirwJ th8 accounting d&1&. For8lgn curr8n¢y trangaetion8 ora rècorded at the de of the transactlon and all dlffer8nces are tsken lo thé Statement ol FinRnclal Actlvttles. When employees have render1 servlce to the charlty, shortlerm emplo0 benefrts io wlKh the empioypes are enlltled are recognlsed al the undiscounted amount expected ty b8 pald In exchange for that sepilce. (m) li In the appllcalion ol the charit518 accounting pol88, th8 Iru8tees are requlred to Make Judgoments, estlmat8s and assumptbons atout the carrylng amount of assels and 1[alIti0S that are not readlly apparent from other sources. The esiimaies ano assoclated assumptlon5 are based on historlcal exporience and other factors that are consldered to be relevant. Actual results may dlNgr from Ihese esdmates. The estimates and underfyw a68umptlon8 are reVIe*d on an ongoing basi5. Revlglons io a¢Unting eslimat8$ are recognised in the p8rlod In whlch the esllmate is revtsed where the revision affects only that perlod, or in the perlod ol the revislon and future perlods where Ihe i8k)n attocls both current arKI future pgrfod6. The charitable company has takerb advantage of the exemption in SORP 2015 from the requlrement to produce a cash flow statement txGause R is a small charity, .1
OF ANCIAL sfATEM 24 Unrn8trlct•d Rmtsictad Funds Funds Total Fund8 2024 Total Fund• FR Donatjons 1.172 1,172 244 LE Grants R•celvod: Arts Council of N l - Annud Funding Programme Art8 Cou1 of N l - Equlpment Fund Arts cou1 ol N I . Arts & Older People Prog. Year 6 Art8 Councl ol N l - Art¥ & Okler Peooe Prog. Year 5 Arts cour11 ol N l - Rural Engagement Arts Programma DCSD Councll - cultur Organlsatlons Fund DCSD Councll - Good R8IAlbng Co-Op6rallon Wlth Nl Enkalon Foundallon DGSD Councll - Headllne Event8 Fund Foyle Foundalon Garfleld Weston Foundatlon DCSD Councll . Walled Chy Partn8rshlp Herlta9e Iv 131,589 9.066 4,500 4,000 1.000 12.619 4,000 12,782 500 131,589 9,066 4,500 4,rxJo 116,772 11,437 3,804 4.000 9,000 12,619 4,000 9,403 12,619 4,000 12.782 500 18,316 15,000 20,000 5.932 180,056 180.058 230,083 Workshop 8 Other Fees Box Offke Income & P•rtormance Fee$ Rental Income HMRC Emtyoyment Allowance Other Income Gallary Sa188 18.409 17,731 g,359 5,000 729 725 18.409 17,731 9,359 s,000 729 725 14,436 22,518 9.704 5,01)0 51,953 51,953 51.800 IN ES Nel Incorning resources Is after chargiry: Depreclallon 2024 2023 PER DREM ER The Managemeirt Gommittee nelther recelved nor walved any rgrnun8ralion durlng the year; The Management Committee did nol have any expenses reimbursed during th8 year., There wer8 rK) employee benefrts received by key managemenl personnel durfry the yoar. -1
DAN FIMIN E FINAN AL STATE Unro4trfetod A••trf¢t•d Total Coal• Total Co•1• 2024 Noi8s Fundra181ng Salary C08ts Rem Heat & Llgh1 TelÉphon6 Printing Postago & staOnery Insurance 7(al 7(bl 7(bl 7(b) 7(b) 7(b) 271 15,317 2,360 578 98 15.588 2,363 631 15,617 2,362 735 67 72 283 55 1751 259 349 274 18,701 18,960 19,136 7 (a)3 of the Company Managevs Salary Costs, 10% of Ihe Artlsllc Directorfs Salary Costs aTKI 10% of tha Development Offlcerfs Salary Cosls have been allated as Ralslng FurKIB ExndItre. 7 (b)10% of the total overhead costs have bgen allocatad as RalslrYJ Funds Expenditure. NDI Freelance F8es Prqect Materla18 & Other Costs Salary Costs Publlclty & Events Management Travel & AccommtyJation Expen$e8 Stall Trainlng Premlse8 a EquMen1 Cakltai Cost Rent H8at & Llght T81ophone Prlntlng Postalle & Stationery Insurance Audii & Accountancy Fees Logal & Professlonal Fees Subscrlptions & Llcence8 Repalr8, Maintonance & Cleanlng Bank Charges & Interest ProllVL098 on Forelgn Exchange Mlscellaneous 20,671 1,756 4,729 38,326 1.528 92.864 3,D28 130 60 9,086 21,236 5,187 886 10 3,138 s.goo 900 1.018 3,212 274 58,997 3,284 97,593 3,507 5,419 56,929 6,605 9978 6,614 5,023 8<aJ 5,289 21,858 21,259 6,612 600 654 2,551 3,480 8(b) 8(bl 8<bl 81bl 8(b) 23 497 21,259 41 (676) 600 51 4,SOO 1,018 4.401 446 437 333 1,169 172 437 318 3.412 478 (1.3101 1,863 15 35.527 184.776 220,303 236,3 (•)70% 01 Ihe Company Manager's Salary Costs, 90VD of the Artistic Directors Salary Costs arKI gOY• of the Development Officer's Salary Costs havè been allocated as Chariiable Activitles E4)erKliture. (b)90% of the lolal overhead costs have been alk)cat8d as Gharftatsle Actlvlt68s ExF4nditure. -1ep
CHOD MPAN ANDF OF E FINANCIAL ATEME 9 DEBT so ANDIN Li4fAI Grant & 0th8r Debior8 28.113 19.068 Total 28.113 19,068 REDIT Accrued Expens88 Audit & Accountancy Fees Total 1,080 3,900 2,097 3.300 4,980 5,397 The [rme funds of the charlty include r88trktad funds comprisino ihe follDwSno unaxpended balance8 ol grants to be applled lor sp8cmc purpo8è8 '. •1 ov Arts Councll of N l - Annual FurKling Programme Arts Council of N l - Arts & OkJ8r People Prog. - Year 5 Arts Councll of N l . Arts & Older People Prog. - Year 6 Arts Gouncil of N l - Rural Eroagement Arts Programme DCSD Cr)urKal . Headllne Events Fund DCSD CourK41- Cuttural Organ18atlons FurKI DCSD Coundl - Good Relations ROI - Co.Op8raiiDn with Nl Garfle Weston FOUIXlat4on Enkalon FoundatK)n 131,589 {131.5B9) {5,410) (2,870) (10,000) 1,410 4,500 1,000 1,830 9,000 12,619 (12,619) 14,000) (12,782) (14,641) (500) 12,782 14,641 25,051 170,990 (194,411) 1.630 RA Ans Gouncil oi N l - Equipment Fund 9.086 (9,() (9,> 25,051 180,056 (203,477) 1,630 -17-
RE MPAN ING PART F THE FINAN ATEM 12 Ilc EXPE RE Gro•• Incomg 2&3.181 282.127 RMourc•• Exp•ndllur• Cost ol GeneratiNJ Fund8 C1 of Chathable ActivM88 18.960 220.309 19,136 236,392 ZJ9.263 255.528 N61 Incomlryj re8ourc08 16,082) 28,599 9urplWDofl¢tt) loi lh• y•Ar 18,1)82) 28.$99 ' Total kncome cornprf8e8 £53,125 lor unre•trlcted fu13 and £180.056 for rastricl fvnd8. A d•taned anal13 01 Income by 8ourc* Is wovW In th? Statement of Flnanclal Aclmkn and noto 4. ' Deta1 analy818 of Iha expandUre aro proNidad in tho Statement ol Flnandal AdlvMle8 nom 7 a 8 , and gx¢ludeB expgrKltture whloh18 not OLrt ol Income lunds. ' The IrKome and ExpgfKl1r8 Summary18 dertv¢d from the Statwnent of FlnwKlal kllvltb8 on page 13 whlch toghOr with tho noto$ to the account8 on page8 15 to 20 provld8s full Snformatlon on tk movernants durfng thé yoar on dl th• funds of the Charlty. Wage8 arKI Salarfes 8odal 8erfty Coats Penslon C08ts 100,682 9,499 3,020 102.521 9,600 3,074 119,181 115,195 Average numtsr ol employa88 The number of empbyees whose emolumont$, as defined for taxatlon pury)0898, amounted to over £60,000 In Iho wr was a8 folth.. Greater than £60,000 14 S AVAIL In common wtth many other tSInesses our slze and nalur• u88 our audltors to prepare arKI submit returns to the tax authoffties and as8iSt with the preparatlon of the Ilnandal slatements. .1