COMPANY REGISTRATION NUMBER: N1042024 CHARITY REGISTRATION NUMBER: NIC100710 Cahoots Nl Limited Company Limitsd by Guarantee Financial Statements 31 March 2024 Cahoots Nl Limited Company Limited by Guarantee Financial Statements Year ended 31 March 2024 Page Trustees, annual report (incorporating the directorfs report) Independent auditorfs report to the members Statement of financial actNities (induding income and expenditure account) 13 Statement of financial position 14 Statement of cash flov 15 Notes to the finanrial statements 16 The followlng pages do not fom part of the flnanclal ststements Detailed statement of financial activities 28 Notes to the detailed statement of financial activities 30 Cahoots Nl Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) Year ended 31 March 2024 The Iruslees. who are also ihe director5 for the purpos￿ olcompany law. present iheir rew)rt and ihe financial statements of the charity for the year ended 31 March 2024. Referenee and administralive details Registered charity Dame Cahoots Nl Limiled Charity registration Dumber NlCItK)710 Company registration number N1042024 Principal 0￿1¢¢ and registered Unli 3 Offices. Isl Floor office Cityside Retail Park 100-150 York Street Belf&si BT15 IWA The Irusttts George Bleeks Padraig Coyle L}'nne Fleming Rory. Cowan Aidan McGrath Sarah Bell Paula Caim5 Gillian Mccolgan Marianne Crossle (Resigned 6 December 2023) (Appointed l (ktober 2023) Key management personnel Artistic Director- Paul McEneaney Company secretary Paul McEneane)' Auditor Muir & Addy Chartered accountsnts & stalutory auditor 427 HO1J￿O0d Road Belfast BT4 2LT Bankers Ulsler Bank Archcs Rciail Park Belfast BT5 4AF Cahoots Nl Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) {continuodJ Year ended 31 March 2024 Stru¢tureg governance and managemenl Cahoots Nl is a charitable companv limited by guarantee. The company was established under a M¢mordndum of Associalion which esiablished the objecliv¢s and powers of the company and is governed under its Articles of Associaiion. In the event of lh¢ company being wound up m¢mbers are required io contribute an amount nol exceeding £ l. Cahoots Nl coniinues to maintain g£￿ govemance. using monthly organisalional rewrts to record. monitor and review financial movement and company business on a monthly basis. Review of company policies is carried out as required and. apart from som¢ updating io reflect changes lo legislation. no major changes took place. The organisation continues lo expand the re-focus of direclion sei out in the previous reporting period in response to the prevailing economic climate. ￿ ith emphasis on esiablishing new creative partnerships/co- produclions to ensure continued gr0￿'th. building a sustainable future and - while Northern Ireland remains the core audience - entry to ihe global marketplace with increased inlernalional touring. The sustainability strntegy involves - projeci led emphasis - reduction in core costs: re-focus on the large scalc produclions for which Cah(M)ts Nl has an estsblished reputation: reduclion in deliverj of smaller projects such as ad hoc workshops; development of cr¢alive partnerships and co-productions lo share resources. development of partnerships specifically to promot¢ and realise exiensive intemalional iouring; income from international touring will sustain the creation of new work for the local audience and in lurn provide more produci for iouring; development of stralegic, imaginaiive new operational practice conceived to grow capacity, sustainability and resilience, miligating risk by enabling self contsined experiences. Objectiies and activities Cahoots Nl is one of Northem Ireland's leading professional theatre companies. Since il was founded in 2001 it has been commilled 10 producing original. high quality. work for childr¢n. some of it siaged in conv¢ntional Iheatre venues and some in purpose buili or site specific locaiions. Its work concentral¢s on combining the visual potential of theatre with ihe age old popularity of magic and illusion. Cah(K)ts Nl continues to strive to be a major contributor io ihe Nl children's arls experience ihrough its productions atKI outreach programme. Each year Cahoots Nl delivers an ambitious. innovaiive and challenging programme. and since its creaiion has interacted wilh 680.831 children and iheiT lamilies. Cahoots Nl Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (Conllnuod) Year ended 31 March 2024 Objectives and activities Ic¢winuedJ The aims of Cah(x)ts Nl are- to produc¢ high quality large scale work for children lo our main stage spaces throughout Ireland and internationall).: to produce work designed to fill the middlellarge scale venues in the North of Ireland. including our home base performance space in Cit) side Relail Park. w ith a tsrget audience of children under twelve accompanied by parents/carerslteachers: lo capitalis¢ upon the age old popularity of magic an essential ingredient in ihe art of entertaining children- lo use traditional and new techniques of magic and i11￿$10n to create theatre which is truly startling. where the complicit suspension of disbelief is unavoidably usurped by genuine astonishment: to use magic and illusion to fuel a thealrical experience V•hich borrows from circus. dance and performance art; to m&Kimise upon the uniqu¢ 'live' nature of theatre so that the audience experience is as vivid, memorable and ¢mtM)wering as possible: lo encourage apprecialion of the ans and Siimulate the artistic creativtty. olchildren: lo present, promoie. organise and manage pr(Kluclions of cultural and educational value for children. lo encourage children 10 become acliv¢ly involved in all aspecis of'the pertonning ans. lo coordinate with oiher providers of children's w.ork in order lo raise the profile and status of childrens Iheatre and ensure a strategic approach to its delivery: to develop working partnerships with venues and festivals so that the work is as fully integrated as FK)ssible into their annual programme. Our Pu Through our iheatrical magic. we inspire a sense of wonder, unlock imagination and nurture a love of ihe arts in children. In doing so. we creaie lifelong memories and joini family experiences that make a difference to their lives. Our Mission Proieci and promote the right of all children to have access to high quality artistic experiences. Our Vision We seek to become a world leader in iheaire for yowig audiences with our brand recognis¢d for delivering innovative. exciting and high quality experiences whilsi alwajs reaching more children and young people. Cahoots Nl Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) Icontinufjd) Year ended 31 March 2024 Achiei'ements and perfomance Cahools Nl conlinues to produce a bodv of world-class work for children and families over the financial period l April 2023 - 31 March 2024. The organisation's wrtfolio of site-specific and commercial partnership work continues to strengthen. with partners Citvside Relail & Leisure Park. The Junction Relail & Leisure Park and Historic Royal Palaces (Hillsborough C&sile). Alongside ihis the post-pandemic reintroduction of their large scale 'lradilional' Iheatre productions gains strength and momentum l)oth locall). (The MAC) and inl¢rnationally (Off-Broadway and North America). Each project is monitored and evalualed individually. and evalualion reports are available on request. The company's output in ihis period delivered manv OPFM)rtunities for children, their families and schools to experience high quality professional theatre created specificall). for them. presenled in dynamic. accessible ways. In 2023-24 the charity engaged with 47.097 children and families in iheatres. custom built perforniance spaces and outdoor events across Northern Ireland and North Americ& In this peri(xl Cahoots Nl gave 160 perforn]ances and issued 109 artist contrncts. In Ociober 2023 Cah￿ts Nl pr(xluced their most artistically ambitious theaire produclion to dale 'The Vanishing Elephant,. The produciion premiered off-BrOad￿a￿'. presenied by the NeM' Victor). I'healer. with an opening night receplion hosted bN' the Northern Ireland Bureau. The production was named ihe 'Criiic's Pick, in the New York Times - an incredible and rare honour for theatre for young audiences. hailing the production an 'alluring spectacle,. An audience member said. .beauliful and sad and meaningful and powerful. the best theatre I've seen on stage in some time." In the development of this piece. Paul Mc Eneaney travelled io Bangalore, Indi4 (July 2023). to develop the theatrical movemeni language for ihe piece in collaboralion with industry-leading Movemenl Artist Jayachandran Palazhy, Founder of Attakkalari Cenicr for Movemeni Arts. Plans are in place to coniinue this collaborative partnership inlo 2024125. In keeping wilh our core aim of making artistically excellent theatre accessible to the widest audiences the company delivered ￿'Ork io children in Belfasi who are marginalised by SOCiOTheconomic disadvantag¢ frce of charge. Several local youth clubs. communitN' members and Cityside Retail Park 5tsff and their families. many of whom are local to our North Belfast base, ￿'ere invited to e.xperience pr(MJuciions including 'The Vanishing Elephant. free of charge. In November 2023. Cahoots Nl were shonlisted for several awards at ihe Arts & Business Nl Awards. including Arts Organisalion of ihe Year, Creative Communit). Engagemeni (with ihc Junclion Relail Park) and Creative Communications (with Savillslcityside Retsil Park). The international touring progrdmme which moved the charity into the global markeiplace and provided ihe resources to creaie ne￿ ￿'ork at home in Northern Ireland coniinues to slr¢ngih¢n posi COVID. Cahoots Nl's 'The University of Wonder & Imagination LIVE, went on a North American tour reaching 26.018 people. The show received hugely posilive feedback from audiences and venue partners. One audience member said. "l. as an aduli. had as much of a blasl as the kids did. The energy and crealiN'ity was phenomenal., Our relationship with our American thealrical agents Holden Arts and Associales conlinues to strengthen. with plans for future iouring continuing into 20?4-25. Cahoots Nl Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (conllnu Year ended 31 March 2024 Achiei'emeDt5 and performance (co￿lI￿ed) Segerstrom Center for the Arts in Costa Mesa Californi& one of North America's mosl respected multi- disciplinary cultural institutions, commissioned a co-production with Cahoots Nl for fulurc dclivery in Belfast and North America. Cahoots Nl's Artlslic Director Paul Mc Eneanev made a number of visits to the Cenler lo develop and casi the CO•produclion. ￿h]ch Viill feature a diveTse company of both Northem Irish and American artists. Inspired by the Broihers Grimm tale 'The Musicians of Bremen,. this is a funny but moving story about working iogeiher to overcome obslacles. The sloTh.' features a band of characiers, played by actor-musicians that have a distinct disliking for each oiher until circumslances force them together to discover they hav¢ more in common than the). ever knew. The production was developed in September 2023 in Cahools, Iheatre space with the Team from ihe Segerstrom Center in allendance. Free of charge community previews will be delivered in Belfast Tn June 2024 and the produclion will open in Calilornia in January 2025. Overview of aciivities l April 2023 - 31 March 2024: No. Performances: 160 No. Audience.. 47.097 No. Artists: 109 artisl conlracls Locations: Northern Ireland {Belf&st, Antrim. Hillsborough). New York and Various North America localions. Artistic Programme - Danny Carmo's Malhtmatical Mysteries USA Tour Conclusion of a USA tour of this engaging. educaiional piece which began in January 2023. Seen by 8.074 people across North America in the reporting period and by over 33.1)00 across the ioial 13-week tour. The company of iwo cast and iwo cre￿. members toured to six venues in ihe reporting period. including stops in California W&shington. and Oregon. Feedback from audiences and venues w&s very. posilive: "Your show was our highesi-allended Educalion sh ow ihis season. We saw lots of smiles and heard lots of '(hank you! that was great. as ihey were leaving. Thanks for coming and we look forward 10 seeing you all again!" (Mounl Baker Theater, Washinglon) When We Were Wild - Perforniances of new work at the MAC. Belfasi from the 15th-18th June. scen by 630 people. Feedback was extremely positive"Absolutely amazing. possibly the best 45 mins of theatre ever. I had no idea it was going to be so emotive!" . Audience Member The Vanishing Elephant - The show w&$ seen by 280 ￿ople in Cah(x)ts Nl's free community prevIe￿'S in B¢lfasi and ihen by 4.148 people in Th¢ New Viciory ai Siage 42. off-Broadway in New York. Featuring themes of migration. displacement. friendship and humanity's comple.x relalionship wilh the natural world. the story is told through £h¢ ¢)'es of a voung bov from Bengal and his besi friend. Janu. an Indian Elephant. The large-scale produclion engaged 21 artisls from around lh¢ world. including India Americ& Auslri Nonhern Ireland and UK. The show was named ihe 'Criti¢'s Pick,. in the New York Times. who hailed it an 'alluring spectacle,. The Scarecrow Night Walk - Programmed by Hisioric Royal Palaces for Halloween ai Hillsborough Castle following Cahoots Nl's engagemenls in 2021 and 2022. Twenty artists were employed. and over 6.600 people look part in Ihe outdoor evenl. Despite iorrenlial ￿"¢ather affecting attendanc¢. feedback was positive "Enjoyed a third Halloween with Cahoots Nl. Ihank vou. - Audience Member Cahoots Nl Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (conllnuodj Year ended 31 March 2024 Aehievements and performaDte (conlin4tdJ Santa's Secret Showdowm - An interaclive ChristTnas show at ihe Junction Retail and Leisure Park. Antrim. This pannership. back by popular demand. sought lo bring seasonal cheer to schools and the local community. Delivered in a cuslom converted retsil uniL the project was extremely successful, engaging a ioial audience of 1.287 and employing 14 artists. "Brilliant fun. something we were all able to enjoy iogether!". Audience Member The University of Wonder & Imagination LIVE - North American lour of a piece originally crealed on Zoom in COVID-stricken 2020. and now adapted as a live stage Sho￿ a significant success Story for the crealivit). shown by Cah￿tS Nl in the pandemic J'ears. The Sho￿ toured for three months. reaching 26.018 people. Lone Tree Arts Cenier in Colorado senl a Message to Cahoois Nl's thealrical agents Holden and Arts Associates to say "li was so. so. so good. We want them back whenever ￿.¢ can have ihem. If somcihing else they're doing is comin& pleas¢ let us kno￿,. we are in!" Financial review Th¢ companv is a non-profil making organisation. The results are set out in detail on page 13. The company had net incoming resources for the year of £51.635. The surplus of income over expenditure ￿ ill be reinve5t¢d in ihe development of new projects io allow ihe charity to pro%'ide an extensive programme of work which is increasing in scale and iniemaiional renown. Reserves policy The direciors have examined the chariry's requirements for reserves in light of the main risks to ihe funding of the organisation. Unresiricted free reserves are currenily £157.439. and this level of reserves would be sufficicnt lo fund the organisation's running costs for a period of four monihs ai curreni levels of spending. The directors consider ihis level of reserves to be ￿]equate to meet the needs of the charily. During ihe year transfers were made inlo several designaied funds from the general fund, as detailed in nol¢ 16. The dir¢clors designale these funds for specific produclions and activities to ensure thal adequate financial resources are available for the planned aciiviiies of ihe Charity. Plans for future periods In the year April 2024- March 2025 Cahoots Nl will offer- new, world class productions in large scale theatres: speciacular site-specific perforniances: new writing for developmenl and production: dynamic and unique oulreach and ¢ducaiion opportunitics: international touring: established and new I￿al and inlernalional cfrproductions and partnerships- projects thal cross artform boundaries: Cahoots Nl Limited Company Limited by Guarantse Trustees. Annual Report (Incorporating the Director's Report) (Continuod) Year ended 31 March 2024 Plans for future periods (condRu¢d) Produclions & Development The Musicians of Bremen LIVE - development. rehearsals and free preview perfom)ances for Community Groups and schools in Cityside Retail Park Belfasi. June 2024. The Vanishing Elephant - perfonnances in the Grand Opera House. Belfast as part of Belfast International Arts Festival. Octo￿￿ 2024. The tlagship eveni of ihe prestigious Festival. and the cover image of their brochure. The Sorcer¢rfs Apprentice - a speclacular Christmas production in CilNside Reiail & Leisure Park. Belfast - Developmenl. rehearsal and p¢rfonnances for schools and families in December 2024. The Musicians of Bremen LIVE - perforniances of the inlernalional co-produclion in ihe Segerstrom Center for the Arts. Cosla Mew Californi& JanuarvlF¢bruary 2025. The Vanishing Elephant 10 v¢nue North American Tour- an inilial East Coas1 iour of this large scale production in FebruarvNarch 2025 followed by a nm in London's prestigious Southbank Center in May 2025, an exciting firsl for the compan).. Development of 'Janu' _ a new non-verbal pup￿try and dance piece in collaboralion with Attakkalari Centre for Movemeni Arts based in Bangalore. India. Trustees. responsibilities stalement The trusiees. who are also directors for the purposes of company law. are resFK)nsible for preparing the trustees, report and ihe financial staiements in accordance wilh applicable law and Uniled Kingdom Accounting Siandards (United Kingdom Generally Accepted Accounting Practice). Company laH' requires the charity trustees io prepare financial siatements for each year which give a Irue and fair view of ihe slaie of affairs of the charitable company and the incoming resources and applicalion of resources, including the income and expendilure. for that period. In preparing these financial statements, the trustees are requir￿ io: select suitable accounling policies and ihen apply ihem consistently: obs¢rve the methods and principles in the applicable Charities SORP: make judgments and accounting estimates thal are reasonable and prudeni- prepare the financial slaternents on the going concern basis unl¢ss il is inappropriaie to presume that the charity will conlinue in business. The I￿￿teeS are responsible for keeping adequate accounting records thal are sufficient to show and explain the charily's Irdnsaclions and disclose ￿1th reasonable accuracj. at any lime the financial position of the charity and enable them to ensure ihat the financial staiements comply with ihe Companies Act 2006. They are also responsible for safeguarding the assets of ihe charity and hence for Taking reasonable steps for the prevention and delection of fraud and other irregularili¢s. Cahoots Nl Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (continued) Year ended 31 March 2024 Small company p￿V￿10￿5 This report has been prepared in accordance with the provisions applicable to companies entitled to ihe small companies exemption. The trustees, annual report was approved on 17 October 2024 and signed on ￿half of the board of trustees by: l McEneaney Chariiy S¢crethry Cahoots Nl Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Cahoots Nl Limited MUIR & ADDY Year ended 31 March 2024 Opinion We have audiled the financial siaiements of Cahoots Nl Limilcd (Ihe 'charilJ ) for the vear ended 31 March 2024 which cnmprise the slalemeni of financial aclivities (including income and expLndilure accounl). slatemcnt of financial posilion. siaiemenl of cash flo￿5 and the relaiLd notes. including a summary of significani accounting w)licies. The financial reporting fraMe￿Ork thai h&8 been applied in Iheir preparaiion is applicable la￿, and United Kingdom Accounting Standards. including FRS 102 lThe Financial Reporting Standard applicable in the UK and Republic of Ireland (Uniled Kingdom Generally Accepied Accouniing Praclice). In our opinion the financial statements: give a true and fair view of the siaie of the charity's affairs as at 31 Marth 2024 and of iis incoming sources and application of resources, including its income and expenditure. for Ihc J'ear Ihen endcd: have been properly prepared in accordance with Uniled Kingdom Generally Accepl¢d Accounling Practice- have been prepared in accordance wilh (he requiremenis of the Charilies Act (Northern Ireland) 2008. Basis for opinion We conducied our audil in accordance with Inlernational Siandards on Audiling (UK) (ISAS (IJK)) and applicable law. Our responsibililies under ihosc standard5 are further described in the audi10￿S sponsibilities for the audil of the financial siatemenls section of our rewrt. Wc arc indcpendeni of the charil), in accordance with ihc eihical requirements thal are relevani io our audii of the financial stalements in ihc UK. including the FRC s Eihical Standard and the provision_s available for small entities, in the circumstance5 set out below. and we have fulfilled our other cihical rcspon5ibilities in accordance with these requirements. We believe Ihat the audit ¢vidence ￿e have obiained is sufficieni and appropriale to provide a b&sis for our opinion. In auditing these financial staiemenis lie have applied the "Ethical Siandard - Provisions Available for Small Enlilies issued by the F inancial Reporting Council. in the circumsl' slated in our report. ￿"e do not express anj. form of assurance conclusion ihereon. In connection with our audil of the financial S￿leMents. our responsibilily is lo read Ihe other informaiion and, in doing so. consider wheihcr the other infomiation is maieriall)" inconsisieni with the financial statements or our knO￿.ledge obldined in the audil or otheN'ise appears lo be materially misstsied. If we identify such material inconsistencies or appareni maierial misstaicments. Me are required to dclcnnine whether there is a malerial misslatemenl in the financial statements or a maierial misslatement of the oiher infonnation. If. based on the w'ork ￿e have perfonned. we conclude ihai there is a material misststement of this other infom)ation. w'e are required to repon that fact. We have noihing to rep)rt in Ihis regard. Matters on whicb we are required to report by exeeption In the lighl of ihe knowledge and uiiderslandiiig of ilie charil) and its environmeni obtained in the course of the audiL we have noi ideniified maierial misstaiements in Ihe irusiees. report. We have noihing io report in respect of the follom'ing mallers in relation to which ihe Charities Act (Northem Ireland) 2008 requires us to ￿￿)rt io you if, in our opinion: the infonnalion given in th¢ tTUStees' Teport is inconsisient in any maierial respect w'ith ihe financial stalemen15- or adequale accounling records have noi kepi: OT the financial stalements not in agreement with (he accounting records and r¢tums- or we have not received all the inforniation and explanations w'e require for our audit. Responsibilities of trustees As e,xplained more fully in the trustees. responsibilities slalemenl. Ihe Irusiees are responsible for the preparation of the financial slatem¢nts and for bcing satisfied ihai they give a true and fair view, and for suLh iniernal control as lh¢ Iruslees detemiine is necessarn lo enable the preparaiion of financial statem¢nt5 thai are free from malerial misstatement. ￿hether due to Iraud or error. In p￿parTrng the financial Sts￿ments. the truslees respunsible for assessing ihe charity s abilitv lo continue as a going concern. disclosing. as applicable. mailers related to going concern and usino the going concern basis of accountingy unless the truslees eiiher iniend lo liquidate the charilN' or io cease operations. or have no realistic aliernaiive bui io do so. 10 Cahoots Nl Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Cahoots Nl Limited (continufjd) MUIR & ADDY Year ended 31 March 2024 Auditor's responsibililies for the audit of the financial $121emenls Our objectives are to obtain re&sonable assurance about ￿'hether the financial sialem¢nls as a whole are free from material Tnisstalement, whether due to fraud or ¢rror. and io issue an auditor s re￿rt thal includes our opinion. Reasonable assurancc is a high level of assurance, bui is noi a guarantee that an audit condiicled in accordance with ISAS (UK) will al￿.aN.5 deteci a maierial misstaiLmenl i4".hen li exists. Missiatements can arise from fraud or e￿or and are considered material if. individuall! or in ihe aggregate. they could reasonably be expecied to influence the economic dccisions of useTS laken on the b&sis of these financial stalements. Irregularities. including fraud. arc insiances of non-compliance ￿'1th lam's and regulations. We design proccdures in line w'ith our responsibililies. ouilined above. to detecl material misslatements in respeLi of irregularities. including fraud. The extenl lo ￿,hICh our procedures are capable of delecting irregularities, including fraud is detailed below: We discussed laws and regulaiions and fraud Tisks during our audit planning procedures. "rhe company musi comply wilh relevani legislaiion and prepare financial S￿lementS which give a true and fair viev¥. Fraud is mosi likel). lo in%'olve the rnisappropriation of charit%. assets. for e.Kample fraudulent pa)meniS which might include Ihe creation of ficttlious suppli¢rs or employee5 or Ihe changing of bank details. Our engagement team collectively had appropriate experience of applicable laws and regulations and competenc¢ lo recognisc non-compliance. We used checklists in eN'alualing ihe prcsenlation. slructure and content of the financial SLiiements. We consider ihat our audil ha5 a reasonable chance of dctccling material non-compliance iviih law's and regulations. We remain mindful that fraud, bN" its very naiure. ma). be difficuli to dclecl. and Ihat mi5approprialion may occur before transaclions enter ihe accounling records of the charily. Audii procedures were planned and perforn)ed lo lesl controls in place for authoris(Ition and pa)'mcni of supplier invoices and salaries. We also undertook anal)'lical procedures io idenlif). Irends ihai might indicaie frauduleni pavments and we revi¢￿'ed general ledgjer palments proc¢ssed differenil). io regjular supplier pa)'ments. Il'e consider thai our audii has a reasonable chance of deieciing a maierial fraud in this area. As part of an audit in accordance i%'iih ISAS (UK). we exercise professional judgment and maintain professional scepticism throughout the audil. Wc also: Identify and &ssess ihe risks of material miSs￿leMen1 of ihe financial statemens. whether due lo fraud or error, design and perforni audil procedurcs responsive 10 ihosc risks. and obtain audii evidence thal is sufficient and appropriate to Pro￿ ide a basis for our opinion. -l-hc risk of noi deieciing a material misstatement resuliing from fraud is higher than for one resuliing from e￿Or. as fraud mav involve collusion. forgerv. intentional omissions, misrepresenthiions, or ihe override of internal control. Obiain an understanding of inlernal control relevant io ihe audit in order to design audii procedures ihai are appropriatc in ihe circumstances. but not for ihe purpose of cxpressing an opinion on ihe effectiveness ofthe iniernal conirol. Evaluate ihe appropriaieness of accounting policies used and the reasonableness of accouniing eslimates and rclalLd diSLlosur¢s made bN' Ihe trustccs. 11 Cahoots Nl Limited Company Limited by Guarantee Independent Auditorfs Report to the Members of Cahoots Nl Limited (continu￿) MUIR & ADDY Year ended 31 March 2024 Conclude on the appropriateness of the trustees, use of th¢ going concern basis of accounting and, based on the audit evidence obtaincd. whether a maierial uncertaintj. exisls relaied io events or conditions ihal may casi significant doubt on the charilv's abilili. to coniinue as a going concern. If w'e conclude thal a material uncertainh exists. ￿'e are required to dra￿. anention in our audiior s repon to the relaicd disclosures in the financial ststements or. if such disclosures are inadequatc. to modifi. our opinion. Our conclusions are based on thc audii evidence obtained up io ihe dale of our auditor's report. How'evcr. fuiure events or conditions ma). cause ihe charity to cease 10 continue &s a going concern. F.valuate the overall presentation. struclure and content of ihe financial statements. including the disclosures. and M'hether the financial slatements represent ihe underll'ing iransaclions and events in a manner Ihal achieves fair presentation. We communicale with those charged with governance regardin& among other maner& the planncd scope and timing of the audit and Slgnificani audii findings. including ani. significani deficiencies in internal control thai we idenlify during our audit. L'se of our report This report is mad¢ solel). lo the chariiy's members. &$ a tx)dy. in accordance th'iih Chapicr 3 of Part 16 of the Companies Acl ?006. Our audit work has been undertak.en so Ihat we might stsie to the chariij's members thosc malters we are required io slat¢ to them in an audilorfs repon and for no oiher purpose. To the fullesi exleni pern]itied bv law, we do noi accepi or assume responsibilil). lo an)'onc other ihan ihe charity and ihe charity's members &$ a l￿￿.. for our audit work. for ihis report. or for ihe opinions we have forn)ed. Paul Leathem FCA (Senior Statuiory Audiior) For and on behalf of Muir & Addy Chartered accountants & staiuloT)' audilor 427 Holywood R(Hd Belfast BT4 9LT 17 October 2024 12 Cahoots Nl Limited Company Limitsd by Guarantee Statement of Financial Activities {including income and expenditure account) Year ended 31 March 2024 2024 Restricted funds Total funds Unrestricled funds 2023 Toial funds Income and endowments Grants and sponsorship Charitable activities Investment income Other income Note 600 329,767 2,446 83.293 220.373 220.973 329,767 2,446 83,293 194.391 332.945 679 73,045 Total income 416.106 220.373 636,479 Expenditure Expendilure on charitsble aciivilies Total expenditure 601,060 9,10 378.132 206.712 584,844 552,942 378.132 206.712 584,844 552.942 Net income and nel movemeDI in funds 37,974 13.661 51.635 48.118 RecoDciliation of funds Total funds brought forward Total funds carried fonvard 457.363 134 457.497 409.379 495,337 13.795 509,132 457.497 The staiemenl of financial activilies includes all gains and losses recognised in ihe year. All income and expenditur¢ derive from coniinuing activilies. The notes on pages 16 to 26 fomi part of these financial statements. 13 Cahoots Nl Limited Company Limited by Guarantee Statsment of Financial Position 31 March 2024 2024 2023 Fixed assets Tangible fixed assets Note 17 152 227 Current assets Debtors Cash ar bank and in hand 18 73,659 438J21 511.980 79.134 383.8?9 462.963 Creditors: amounts falling due within one yegr Net current assets 19 3,000 5.693 508,980 457.270 Total assets less current liabilities Net assets 509,132 457.497 5119,132 457.497 Funds of the charity" Restricted funds Unrestricted funds 13,795 495J37 134 457.363 Total charity funds 21 509.132 457.497 Forthe year ending 31 March 2024 the chariiy was entitled to exempiion from audil under section 477 of the Companies Act ?006 relaling to small companies. Directors, responsibilities.. The members have not required the company to obtain an audit of its financial statements for ihe year in question in accordance with seclion 476- The directors acknowledge their responsibililies for complying with the requirements of the Act with respect to accouniing records and the preparaiion of financial Stsiements. These financial staicments have been prepared in accordance with the provisions applicable to companies subject to ihe small companies, regime. These financial slatements were approved by the board of irustees and authorised for issue on 17 October 2024, and are signed on behalf of the board by: I (L-. Lynne Fl¢ming Trustee Rory Truslee 'an The notes on pages 16 to 26 fomi part of these financial statements. 14 Cahoots Nl Limited Company Limited by Guarantee Statement of Cash Flows Year ended 31 March 2024 2024 2023 Cash flows frum operaiing activities Net income 51.635 48.118 Adjuslmentsfor.. Deprecialion of tangible fixed asseis Other interest receivable and similar income Inlerest payable and similar charges Accrued e.xpenses 75 (2,446) 333 (679) 420 1.000 Changes in.. Trad¢ and other debtors Trade and other creditors Cash generated from OFerations 5,475 (2,693) 52 J79 (71.037) 2.693 {19.375) Interest paid Inierest received (333) 2,446 (420) 679 Net cash from/(used tn) operdting activities 54,492 (19.116) Nel increasel(deerease) in cash and cash equivalents Cash and cash equivalents al beginnin% of year Cash and Cash equivalents al end of year 54,492 383,829 (19,116) 402,945 383.829 438J21 The notes on pages 16 to 26 form part of these financial statements. 15 Cahoots Nl Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2024 General informalion The charity is a public benefit entity and a private company limited by guarantee. registered in Northern Ireland and a registered charity. in Northern Ireland. The address of the registered office is Unit 3 Offices. I sl Floor. Cityside Re￿11 Park. l 00-150 York Street. Belf&st. B T15 1 WA. Statement of complianee These financial statemenis have been prepared in compliance w iih FRS 102. I-he F inancial Reporting Standard applicable in ihe UK and the Republic of Ireland,. Ihe Siatement of Recommended Practice applicable to charities preparing their accounts in accordance w'ith the Financial Reporting S￿ndard applicable in the UK and Republic of Ireland (FRS 102) (Charilies SORP (FRS 10?)) and the Companies Act 21X)6. Accounting policies Taxation The company is registered as a charity and is therefore exempt from certain taxation. Basis of preparation The financial siatements have been prep￿￿ on the hisiorical cosi b&si& as modified by the revaluation of certain financial assets and liabililies and investment properties measured at fair value through income or expenditure. The financial staiemenls are prepared in slerling, which is ihe functional currency of th¢ entity. Going eoncern There are no material uncertainiies atKiui the charitj s abilily lo continue. Judgemenls gnd key sources of estimalion Uneertainty The preparaiion of the financial stalemenls requires managemeni lo make judgemenLS, esiimates and assumptions that affect the amounts reported. These eslimales and judgemenls are continually reVIe￿.ed and are based on exp¢rience and other faclors. including expectations of futur¢ evenis thal are beli¢%'ed to be reasonable under the circumstances. Fund accounting The company is resp)nsible for various type5 of funds which require separaie di￿l05Ure as follows: Re51ricted funds Funds earniarked by the donor for a specific purpose. Unrestricted funds Funds ￿"hICh are expendable at the discrelion of ihe dir¢clors in the furtherance of the objeciiv¢s of ihe chariiy. 16 Cahoots Nl Limited Company Limited by Guarantee Notes to the Financial Statements (¢onlinuodJ Year ended 31 March 2024 Accounling policies {cowinuerfJ Incoming resources All incoming resources are included in ihe siaiemenl of financial aciivilie5 when entiilemeni has passed to the charity: il is probable ihai lh¢ economic benefits &ssocialed ￿'1th ihe Irdnsaction M ill flow lo the charity and ihe amount can be reliabll. measur¢d. The lollowing specific policies are applied to particular categories of income: income from donations or grants is recognised ￿'hen there is evidence of entitlement io the gift. receipl is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlemeni is established. income from donat¢d goods is measured at the fair value of the goods unless this is impraciical to measure reliably. in which case the value is derived from the cosi to ihe donor or the eslimaled resale value. t)onated facilities and services are recognised in the accounts H'hen received if the value can be reliably measured. No amounts are included for the coniribulion of general volunteers. income from contracis for ihe suppl). of 5crvices is recognised ￿'][h the delivery of the conirdLled s¢rvice. This is classified as unrestricted funds unless ihere is a coniractual requiremenl for li to be spent on a particular purpose and returned if unspeni. in which case il maj. be regarded &s restricted. Resources expended Resources expended are recognised in the period in which cosis or the expense is incurred. The cosls of generating voluntary. income include direci costs involved in fundraising. The cost of charilable activities includes all direct COSIS relating to charitable projecls and also all overheads wilh the e.xcepiion of governance costs which comprise audil and legal advice for irustees and costs associaled with constitutional and siatutory requiremenls. TaDgible assets Tangible assets ar¢ iniliallv recorded at cosL and subsequenily staled at cost less any accumulated depreciation and impaimient losses. Any langible assets carried at revalued amounts are recorded at ihe fair value at the date of revaluation less an). subsequent accumulated depreciation and subsequent accumulaied impaimient losses. Expendilure ol a capilal naiur¢ relaiing to specific productions is expensed in the period relating io ihat production. An increase in the carrying amount of an assei as a result of a revaluation. is recognised in other recognised gains and losses. unless il reverses a charge for impaimienl that has previousl> been recognised ￿ expenditure within the slatement of financial activities. A dccrease in the carrying amount of an asset as a result of revaluaiion. is recognised in oiher recognised gains and losses. except to which it oflsets any previous revalualion gain. in V¥hich case ihe loss is shown wiihin other recognised gains and losses on the stalement of financial activities. 17 Cahoots Nl Limited Company Limited by Guarantee Notes to the Financial Statements {¢onlinu Year ended 31 March 2024 Accounting policies (cominued) Deprecigtion Depreciation is calculated so as to w'rite off the cost or valuation of an asseL less its residual value. over th¢ useful economic life of that &sset as folloviS= Fixtures & fittings 330/0 reducing balance Impairment of r￿ed assets A review for indicators of impairnient is carried out at each reporting date. with the recoverable amount being estimated where such indicaiors exist. I4'here ihe can)'ing value exceeds the r¢coverable amount. the asset is impaired accordingl),. Prior impairnents are also reviewed for possible reversal al each reporting dale. For the purposes of impainnent iesiing. ￿'hen it is not possible to estimale the recoverable amount of an individual asset. an eslimaie is made of the recoverable amount of ihe cash-generating unit to ivhich the asset belongs. The c&sh-generating unit is the smallesi identifiable group of assets ihal includes lh¢ asset and generates c&sh inflows ihat largely independent ofthe cash inflow's from other assels or groups of &ssets. For impaimient testing of goodwill. the go(xlwill acquired in a busin¢ss combinaiion is. from ihe acquisition date. all(Kated to each of the cash-generaling unils thai are expected to ben¢fit from the synergics of th¢ combination, irrespective of whether other assets or liabilities ol the charity are assigned io ihose units. Financial instrumenls A financial a5sei or a financial liability is recognised only when the entity becomes a party io the contractual provisions of the instrument. Basic financial instruments are initially reeognised at the amount receivable or payable including any related transaction costs. unless ihe arrdngement constilutes a financing Iransaciion, where il is recognised ai the present value of the future paymenls discounied at a market rate of inlerest for a similar debt inslnunenl. Curreni assets and current liabilities are subsequently measured at the cash or other consideration expected io be paid or received and not discounted. Debt instruments are subsequenily me&8ured at amortised cost. Defined conlribution plans Contributions to defined contribution plans are recognised as an exp¢nse in the period in which the relaled service is provided. Prepaid conlribulions are recognised as an asset to ihe extent that the prepaymeni will lead to a reduction in fulure payments or a cash refund. 18 Cahoots Nl Limited Company Limitsd by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 Accounting policies (coMin4ed) Defined contribution plans le￿inUed} When contributions are nol expecied io be seiilcd wholl) Iviihin 12 months of ihe end of the reporting date in M,hich the emplo)'ees render the related service. the liabilitN' is measured on a discounied present value basis. The Un￿ inding of the discount is recognised as an expense in the period in ￿.hICh it arises. Limited by guaranlee The company is an Incor￿rated company limiled bj. guarantee. In ihe event of the compan), being wound up. liabilit), is limited io £ I per member. Grants and sponsorship Unr¢stTicled Funds Reslricl¢d Total Fund$ Funds 2024 Gr4nls Grants receivable 220.373 220J73 Sponsorship Sponsorship 600 600 600 220.373 220,973 un￿strICted Funds Restricted Total Funds Funds 2023 Grants Grants receivable 187.635 187,635 Sponsorship Sponsorship 6.756 6.756 6,756 187.635 194,391 19 Cahoots Nl Limited Company Limited by Guarantee Notes to the Financial Statements {cMtinued) Year ended 31 March 2024 Grants and sw)nsorship (eth*rlM4edJ The grdnt income for the year ended 31 March 2024 w&$ received from - Unreslricted Funds Restricted Total Funds Funds 2023 Arts Council of Northern Ireland Garfield Weslon Foundation Culture Ireland Esme Milch¢ll Trust Dorniant Accounls Fund Nl 117.872 20.000 61.iol 5.000 16.000 117.872 20,000 61,501 5,OIM) 16,000 220,373 220,373 The grani income for the year ¢nded 31 March 2023 ￿'aS received from - Unrestricled Funds Restricted Total Funds Funds 2022 Arts Council of Northern Ireland Belfasi City, Council Arts & Business Nl Enkalon Foundalion Culture Ireland Esme Mitchell Trust University of Ulsler 122.846 31.250 5.OIM) 122,846 31,250 5,000 2,000 16,539 16.539 5.000 5.000 5,IM)O 187.635 187,635 Charitsble activities Unresiricted Total Funds Unrestricted Tothl Funds Funds 2024 Funds 2023 Perforniance fees Hirc fees Merchandise 329.767 329,767 331.296 150 1,499 331 ?96 150 1,499 329.767 329,767 332.945 332,945 Inveslment income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest receivable 2.446 679 679 20 Cahoots Nl Limited Company Limited by Guarantee Notes to the Financial Statements (¢ontlnu•d) Year ended 31 March 2024 Other income Unrestricied Total Funds Unrestricted Tolal Funds Funds 2024 Funds 2023 Crealiv¢ Industries Tax Credits oiher income 83.275 83,275 18 73.040 73.040 83.293 83,293 73.045 73.045 Expenditure on charitable aclivities by fund type Unrestricted Funds Restricl¢d Total Funds Funds 2024 Administration expenses Perforniances Support costs 151.190 223.386 3,556 151,234 430,054 3.556 206.668 378,132 206,712 584,844 Unrestricted Funds Restricted Total Funds Funds 2023 Adminislrntion expenses Performances Support costs 136.121 210,593 3.527 136.187 413,228 3.527 202.635 350,241 202.701 552,942 10. Expendilure on charilable activilies by aetivity Th'pe Activities undertaken dir¢cily Support costs Total funds 2024 Tolal fund 2023 Administration expenses Perfonnanc¢s Governance costs 151.234 430.054 151234 43U,054 3.556 136.187 413.228 3.527 3.556 581 ?88 3,556 584,844 552,942 11. Analysis of support cosls Trustee meetings Total 2024 Audit Tolal 2023 Finance costs 3.000 556 3.556 3.527 21 Cahoots Nl Limited Company Limited by Guarantee Notes to the Financial Statements (c¢¥Jlinued) Year ended 31 March 2024 12. Net income Nel income is stated after chargingl(crediting): 2024 2023 Deprecialion of tangible fixed assets 75 13. Auditors remuneration 2024 2023 Fees payable for the audit of the financial siatements 3.000 3.000 14. Staff costs The lotsl staff costs and employee benefits for the reporting period are analysed as follows: 2024 2023 Wages a￿1 salaries Social securiiy costs Emploj'er contributions to pension plans 119,711 2,665 5.044 110,562 2.938 4.602 127.420 18.102 The average head count of employees during th¢ year w&$ 3 (2023: 3). The average number of full-time equivalent employees during the year is analysed as follows: 2023 2024 Number of adminislraiive staff No employee received employee benefits of rnore ihan £60.000 during ihe y¢aT (2023: Nil). Key Management Personnel Kew management personnel include all persons thai have auihoritj. and responsibility for planning. directing and controlling the activilies of the charilv. The lothl compensation paid io key management personnel for services proN'id¢d to ihe chari1> was £39.318 (2023:£36.860). 15. Trustee remuneralion and expenses No remuneralion or other benefits from employment with the charil). or a relaied entiiy were received by the trustees. 16. Transfers between funds As detailed in note ? l. during ihe year transfers ioialling £?5*.836 were made from Ihe ¥eral fund into several designal¢d funds to support the artistic programm¢ and ongoing charilj. developmenl in ihe 2024125 financial year. Three relaled io fonhcoming produciions- The Vanishing Elephani ai the Opera House. The Nalurals and The Sorcererfs Appreniice. Funds were also sel aside for administration and the development of a theatre space thai thecharilN' will usc as a p¢rfomiance space for future productions. B), designaling funds io support ihese projects ihe Trustees aim lo ensure ihat they are appropriatel). funded, and thai the resources of the charit). can be managied effectii'ely. 22 Cahoots Nl Limited Company Limited by Guarantee Notes to the Financial Ststements (eondnuedj Year ended 31 March 2024 17. Tangible fiIed assets Fixtures and fittings Total Cost At l April 2023 and 31 March 2024 Depreciation At l April 2023 Charge for the year At 31 March 2024 58.509 58,509 58.?82 75 58,282 75 58.357 58J57 Carr)'ing amount At 31 March 2024 152 152 Al 31 March 2023 227 227 18. Debtors 2024 2023 Prepayments and aCcn￿d income Other debiors 479 73,180 479 78,655 73.659 79.134 19. Creditors. amounts falling due witbin one yeAr 2024 20?3 Accruals and def¢r￿d income Social security and other laxes 3.000 2,693 5,693 20. Pensions and other post retirement benefits Defined contribution plans The amount recogni5ed in income or expenditure as an expense in relaiion to defined contribution plans was £5,044 (2023: £4,602). 23 Cahoots Nl Limited Company Limited by Guarantee Notes to the Financial Statements {¢ontsnuod) Year ended 31 March 2024 21. Analysis of charitable fund5 Unrestricted funds At l April 2023 At 31 March 2024 Income Expenditure Transfers General fund Ghosi House Cinderella Memorv Tr¢e The Vanishing Elephant Adminislration & office Provision for redundancy The Musicians When We Were Wild The Naiurals New Thealre Spac¢ Th¢ Sorcerefs Apprenlice 215.285 416.106 (221.054) (252.836) 157.501 113.473 (113.473) 94.836 20,437 94.836 20.437 85,000 85,(XJO 18.605 25.(M)O {18.605) {25.(KiO) 30.000 35.000 30,000 35,000 72.563 72,563 457,363 416.IIY> (378.132) 495J37 At l April 2022 Ai 31 March 2023 Income Expendilure Trdnsfers General fund Ghos1 House Cinderella Memory Tree The Vanishing Elephanl Administraiion & office Provision for redundancy The Musicians When We Were Wild The Naturals New Th¢atre Space The Sorcere¢s Appr¢nti¢e 116.179 65.000 35.000 25.000 43.000 25.000 85.000 413.425 (211.086) (61.110) (26.5i8) (19.885) (6.602) (25.000) (103.233) {3.890) {8.442) (5.115) 77.075 215.285 113.473 85.000 18.605 25.000 18.605 25,000 394,179 413.4?5 (350,241) 457.363 24 Cahoots Nl Limited Company Limited by Guarantee Notes to the Financial Statements Icontsnued) Year ended 31 March 2024 21. Analysis of charitable funds fconiiwed) Restrieted funds Al l April 2023 At 31 March 2024 Income Expenditure Transfers Arts Council of Northern Ireland Arts & Bu5in¢ss Nl Belf&st City Council Culture Ireland Enkalon Foundation Garfield Weslon Foundation Esme Milchell Trust University. of Ulster Lotlerv Fund Donnanl Accounts 134 117.872 (115.516) 2,490 61.501 (61,501) 20.OIX) (20.000) (5.000) 16.000 (4.695) IIJ05 134 220,373 {206.712) 13,795 At l April 2022 At 31 March 2023 Income Expendilurc Transfe Arts Council of Northern Ireland Arts & Business Nl Belfast City Council Culiure Ireland Enkalon Foundalion Garfield W¢ston Foundation Esme Mitchell Trust Universiiy of Ulster Lollery Fund Dorniant Accounts 200 122.846 5.000 31.250 16.539 (122.912) (5.000) (31 ?50) (16.539) (2.000) 134 15.0(X) {15.000) (5.000) (5,000) 15.200 187.635 (202.701) 134 25 Cahoots Nl Limited Company Limited by Guarantee Notes to the Financial Ststements (Continued) Year ended 31 March 2024 22. Anal)'si$ of net assets between funds Unreslricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Curreni assets Creditors l¢ss than l year 62 498.275 (3.000) 90 13.705 152 511.980 (3.000) Net assets 495,337 13,795 509,132 Unrestricted Funds Restricled Total FuTtds Funds 2023 Tangible fixed assets cU￿ent assets Crediiors less than l year 93 402.963 (5.693) 134 227 462,963 (5.693) 457.497 Net assets 457.363 134 23. Analysis of changes ID net debl At AI I Apr 2023 Cash flows 31 Mar 2024 Cash at bank and in hand 383.829 54.492 438,321 24. Ethical slAndArds In common with many other businesses of our size and nalure our auditors assist the charity to prepare and submil returns io the lax auihorities and assisl w iih ihe preparation of ihe financial siatements. 26 Cahoots Nl Limited Company Limited by Guarantee Management Information Year ended 31 March 2024 The following pages do not forni part of the financial statements. 27 Cahoots Nl Limited Company Limited by Guarantee Detailed Statement of Financial Activities Year ended 31 March 2024 2024 2023 Income and endowments Grants and sponsorship Grants receivable Spon50rship 220J73 187.635 6.756 220,973 194,391 Charitable aclivities Perfornance fees Hire fees Merchandise 329,767 331.296 150 1,499 329.767 332,945 Inveslmenl income Bank lnie￿st receivable 2,446 679 Other income Creative Industries T&x Credits Other income 83275 18 73.040 83293 73.045 Tolal income 636,479 601.060 28 Cahoots Nl Limited Company Limited by Guarantse Detailed Statement of Financial Activities Iwitsnuodj Year ended 31 March 2024 2024 2023 Expenditure Expenditure on charitable activities Artists costs Wages and salaries Employer's NIC Pension cosls Reni & rates Rates and waler Hospitality Repairs and maintenance Insurance General expenses Transport. Iravel & accommodation Legal and professional ftts Telcphone Printing. postage & staiionery Depreciation Bank charges Siaff training Rehearsal room expenses Equipment & materials Marketing 229,640 119.711 2,665 5,044 5.750 75 200 2,643 6,278 2,410 131,951 4,056 1.264 424 75 333 268.254 10,562 ?.938 4.602 5.750 1.030 1.033 1.065 5.028 ,579 64.850 4.027 1.423 845 420 76 794 77.881 2,735 353 68.160 3,854 584144 552,942 Total expeDditure 584,844 552.942 Nel income 51,635 48,118 29 Cahoots Nl Limited Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities Year ended 31 March 2024 2024 2023 ETpenditure on charitable activities Administration expenses Aclivilie.F underlaken directlj Wages & salaries Employer's NIC Pension costs Rent & rates Heal & light Hospilality Repairs & maintenance Insurance General expenses Transport. travel & accommodalion Legal and professional fees Telephone Prinlin& poslagc & stationery Depreciation Bank charges Siaff training Marketing 110.562 2.938 4.602 5.750 1.030 809 1.065 i.028 1.579 1.231 500 1.423 845 2,665 5.044 5,750 75 200 2.643 6.278 2,410 lJ59 500 1,264 424 75 333 108 2.545 420 76 279 151234 136.187 Performances Aclivilies undertaken direetlj Artists costs Hospiiality Transport, travel & accommodation Rehearsal room expenses Equipment and materials Marketing 229,640 268,254 224 63,619 794 77,881 2.456 130.592 35J 68,160 iJ09 430,054 413,228 Governance ¢o$ts Audil fees Costs of irusiees, meelings 3.000 556 3.000 527 3,556 3.527 Expenditure on charitable aclivitie5 584.844 552.942 30