**REGISTERED COMPANY NUMBER: NI029738 (Northern Ireland) REGISTERED CHARITY NUMBER: 100917** **Report of the Trustees and Unaudited Financial Statements** **for the Year Ended 31 March 2024** **for KABOSH** M.B.McGrady & Co Chartered Accountants Suite 2B Cadogan House 322 Lisburn Road Belfast Co. Antrim BT9 6GH ## **KABOSH** ## **Contents of the Financial Statements FOR THE YEAR ENDED 31 MARCH 2024** **----- Start of picture text -----**
Page
Reference and Administrative Details 1
Report of the Trustees 2 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Statement of Financial Position 8 to 9
Notes to the Financial Statements 10 to 22
Detailed Statement of Financial Activities 23 to 24
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## **KABOSH** ## **Reference and Administrative Details FOR THE YEAR ENDED 31 MARCH 2024** ## **TRUSTEES** Nicola Abernethy - Communications Manager Laura Bradley - Arts Manager Aine Gleghorne - Accountant Mary Jordan - Actress and Drama Facilitator Emma McErlean - Play Therapist Rosemarie McHugh - Accountant Siobhan Winston - Accountant Matthew Ward - Accountant Albert Hamilton - Director Davy Kettyles - Trade Union Organiser (appointed 12/6/2023) **COMPANY SECRETARY** A Hume **REGISTERED OFFICE** Imperial Buildings 72 High Street Belfast BT1 2BE **REGISTERED COMPANY** NI029738 (Northern Ireland) **NUMBER REGISTERED CHARITY** 100917 **NUMBER** **REGISTERED OFFICE** ## **INDEPENDENT EXAMINER** M.B.McGrady & Co Chartered Accountants Suite 2B Cadogan House 322 Lisburn Road Belfast Co. Antrim BT9 6GH 1 ## **KABOSH** ## **Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2024** The trustees, who are also directors for the purposes of company law, present their report and the financial statements of the company for the year ended 31 March 2024. ## **Reference and Administrative details** Reference and administrative details are shown in the schedule of members of the board and professional advisors on page 1 of the financial statements. ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** 2023-24 saw Kabosh present a range of high quality, socially engaged theatre locally, nationally, and internationally. Kabosh continues to develop its aims and objectives in line with its agreed business development plan, focusing on giving a voice to sites, spaces and people through reinventing and reinterpreting the ways in which stories are told. Kabosh aims to: - create exciting theatre in different types of locations - create engaging narrative using local stories and histories to commission plays that chart the way the north of Ireland is evolving - provide quality, stimulating entertainment for everybody living in and visiting Ulster - develop new audiences for theatre and encourage repeat attendance - transform lives through theatre - animate public spaces - re-examine contested space in Northern Ireland - develop arts and culture within Ireland, promoting its worth nationally and internationally 2 **Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2024** ## **KABOSH** ## **OBJECTIVES AND ACTIVITIES** ## **Significant activities** Kabosh continue to diversify and strengthen its range of stakeholders and income streams. Major projects during 2023/24 included: ## **Green & Blue** Written by Laurence McKeown; performed by James Doran and Vincent Higgins; creative team: Liz Cullinane, Sandy Cuthbert, Stuart Marshall and Conan McIvor; crew: Caitlín Hunter, and Stephen Quinn. Based on an oral archive of testimonies from former serving An Garda Síochána and Royal Ulster Constabulary officers who patrolled the border during the height of the conflict. Originally developed in partnership with Diversity Challenges, with first performance in 2016, revivals of Green & Blue continue to play an important role in our artistic strategy. Performed to a combined audience of 1,183 at: Argyle Business Centre, Belfast, The Mick Lalley Theatre, Galway, The Old Church Centre, Cushendun, Ranfurly House, Dungannon, London Irish Centre, Camden, Project Arts Centre, Dublin, The Courthouse Theatre, Antrim, Shorts Recreational Club, Belfast, The Court House, Bangor, Down Arts Centre, Downpatrick, Midlands Arts Centre, Birmingham, Chester Lane Library, St Helen's, Hope Street Theatre, Liverpool, Emory University, Atlanta, Carnegie Mellon University, Pittsburgh, City Theatre, Pittsburgh, Xavier High School, NYC, New York Irish Centre, NYC, Boson College, Boston, Brigid's Well, Ottawa. Presented with support from: Arts Council of Northern Ireland, Department of Foreign Affairs Reconciliation Fund and Culture Ireland. ## **The Occasional Gardener** Designed and co-ordinated by Carol Moore with support from Anna O'Kane (visual artist), Neil Keery & Paula O'Reilly (movement) and Kat Reagan (singer). An 8-week arts and reminiscence project inspired by gardening presented in 3 Macklin NI care homes for 30 dementia sufferers and their carers. Supported by the Arts Council of Northern Ireland's Arts & Older People's Fund and Unite The Union. ## **Not On Our Watch** Written by Louise Mathews; performed by Bernadette Brown, Rachael McCabe, and Catriona McFeely; creative team: Elle Kent, and Katie Richardson; crew: Stephen Quinn. Commissioned by Unite The Union in October 2022 and first performed in January 2023, this powerful piece of agitprop theatre was conceived to explore the worker's movement in the wake of the closure of Regina Coeli House, the north's only dedicated women's hostel. Revived in August 2023, with performances in Shorts Recreational Club, Belfast, Cultúrlann Uí Chanain, Derry, The Old Church Centre, Cushendun, The Deer's Head, Belfast, The Felon's Club, Belfast, The Teacher's Club, Dublin, Tí Chulainn Cultural Activity Centre, Mullaghbawn, and The Court House, Bangor to a combined audience of 712. ## **Political Discourse In Schools** Political Discourse In Schools was an initiative developed by Kabosh to assist secondary school pupils and teachers in addressing socio-political KS3 & KS4 curriculum areas though engagement with high-quality theatrical experiences and tailored post-show discussions. During the 2023-24 academic year, Kabosh brought work from our catalogue directly into schools to prompt learning and discussion on the legacy of conflict, borders, policing, gender politics, women's rights, the housing crisis, human trafficking, and domestic servitude. In addition to presenting work in schools, several groups of pupils were provided with subsidised tickets to experience shows in theatre settings. The productions presented include: Green & Blue by Laurence McKeown, Not On Our Watch by Louise Mathews, and Silent Trade by Rosemary Jenkinson. Participating schools included: St Pius X College, Magherafelt, Bangor Grammar School, Bangor, Erne Integrated College, Enniskillen, Shimna Integrated College, Newcastle, Larne Grammar School, Larne, Drumragh Integrated College, Omagh, and St. Patrick's Academy, Dungannon, with a combined total of 530 participating pupils. Presented with support from the Department of Foreign Affairs Reconciliation Fund. 3 **KABOSH** **Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2024** ## **OBJECTIVES AND ACTIVITIES** ## **Belfast City Council's International Women's Day Celebrations** Kabosh collaborated with Belfast City Council to present a series of performances and discussions celebrating International Women's Day, and the historic unveiling of statues of Winifred Carney and Mary Ann McCracken in the grounds of Belfast City Hall. During the unveiling of these statues, Charlotte McCurry and Carol Moore performed monologues depicting Carney and McCracken respectively, featuring scripts written by Tony Devlin, Louise Mathews, Laurence McKeown, and Clare McMahon. These monologues were reprised at an evening of performance and discussion at City Hall featuring poetry from Anesu Mtowa and music from Katie Richardson, alongside a panel discussion chaired by Lynette Fay with contributions from Chouger Maria Doughramajian, Dr Myrtle Hill, Eva Martin, and Patricia McKeown. Presented to a combined audience of 1,004. ## **Mary Ann The Forgotten Sister** Written by Clare McMahon, and developed with the support of Clifton House, Belfast Charitable Society, and the Mary Ann McCracken Foundation, Mary Ann The Forgotten Sister is a site specific promenade piece designed for performance between Clifton Cemetery and Clifton House, including the surrounding grounds. Script development, rehearsed readings, and preparatory rehearsal work was undertaken during the 2023-24 financial year, with performances following in April 2024. ## **Bespoke commissions and revival** Alongside the development of new work and the major productions highlighted, Kabosh also worked alongside the Hollywell Trust to present Third Person in Our Marriage, delivered regular tours of Quartered: Belfast, a Love Story, and performed Those You Pass On The Street for the International Coalition of Sites of Consciousness. Ongoing revival develops new audiences for Kabosh, generates income for investment in additional products and offers quality employment for indigenous practitioners. Kabosh Artistic Director Paula McFetridge also contributed as a panellist and guest artist for a number of conferences and projects including: Hearth for Belfast Film Festival, Do Rocks Listen for Bauhaus-Universität Weimar, as well as on-going participation in the Price of Performance, Stages of Violence, and The Senses Network international research projects. 4,704 audience members (2022/23: 3,706) and 2,627 participants (2022/23: 973) engaged with the work produced during the year. In 2023/24 Kabosh engaged 88 freelance artists and practitioners (2022/23: 127) at a cost of £58,436 (2022/23: £104,795.57). In addition to the delivery of productions and projects, Kabosh also provide extensive support to the wider arts and community sectors through tailored artistic and production advice, free equipment or space hire and mentorship support for individuals and organisations. This support is provided in-kind at no cost to the beneficiary. In 2023-24 Kabosh provide in-kind support to the value of £30,638. 1,184 supporters (2022/23: 1,239) received the Kabosh monthly newsletter, 5,293 followed the company on Twitter (2022/23: 5,177) and 3,693 'like' the Kabosh Facebook page (2022/23: 3,500), 1,667 people follow the Kabosh Instagram page (2022/23: 1,458) - social media continues to be a major communication tool for the company. A number of funding bodies invested in Kabosh throughout this financial year. The main grant making bodies are listed on page 18 and outlined below are the Trusts, Foundations, Commissioning bodies and clients during 2023/24: - Arts Council Northern Ireland (Annual Funding Programme, Arts & Older People Programme, Commissioning Programme) - Belfast Charitable Society (Mary Ann McCracken Foundation) - Belfast City Council - Culture Ireland - Department for Communities / Future Screens NI - The Foyle Foundation 4 ## **KABOSH** ## **Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2024** ## **FINANCIAL REVIEW** ## **Reserves policy** The charity had total fund reserves of £102,106 as at 31st March 2024, comprising £25,853 of restricted reserves, £39,706 of general unrestricted reserves and £36,547 of designated unrestricted reserves. The charity's aim is to hold designated unrestricted reserves equivalent to three months operating costs in the event of a significant unexpected event or the winding up of the company. This will be achieved through the designation of unrestricted net income at the end of each financial year. General unrestricted reserves are available for the furtherance of the objectives of the charity. Restricted reserves are funds which must be used in accordance with the requirements of the awarding body. ## **FUTURE PLANS** Kabosh intends to continue its activities outlined in the new strategy, subject to satisfactory funding arrangements. Plans have been developed to commence a number of new productions and it is hoped that the company will realise a full creative programme over the next three years. The current model of operation includes a three-pronged approach to fundraising; sectoral funding, earned income, and charitable giving (including trusts and foundations). ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** ## **Organisational Structure** Kabosh is a company limited by guarantee and does not have a share capital. It is governed by a Memorandum and Articles of Association and the liability of each director is limited to an amount not exceeding £1. The company is governed by the Board of Directors. The Artistic Director and General Manager are responsible for the day to day running of the company. The directors who served the company during the year were as follows: Nicola Abernethy Laura Bradley (chairperson) Aine Gleghorne Albert Hamilton Mary Jordan Davy Kettyles (appointed 12 June 2023) Emma McErlean Rosemaire McHugh Matthew Ward Siobhan Winston ## **TAXATION STATUS** The company is recognised as a charity by HM Revenue & Customs. Accordingly, the company has availed of the exemptions contained in Section 505 Income and Corporation Taxes Act 1988 and Section 256 Taxation of Chargeable Gains Act 1992. Approved by order of the board of trustees on 30 January 2025 and signed on its behalf by: .................................................................... Rosemarie McHugh - Trustee 5 **Independent Examiner's Report to the Trustees of Kabosh** I report on the accounts of the company for the year ended 31 March 2024, which are set out on pages seven to twenty two. ## **Respective responsibilities of charity trustees and examiner** As the charity's trustees (and also the directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: - examine the accounts under Section 65 of the Charities Act - follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act - state whether particular matters have come to my attention. ## **Basis of the independent examiner's report** I have examined your charity accounts as required under Section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: 1. That accounting records were not kept in accordance with Section 386 of the Companies Act 2006 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirements of Section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland 4. That there is further information needed for a proper understanding of the accounts to be reached. ## **Independent examiner's statement** I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Seamus McLernon FCA The Institute of Chartered Accountants in Ireland M.B.McGrady & Co Chartered Accountants Suite 2B Cadogan House 322 Lisburn Road Belfast BT9 6GH Date: 30 January 2025 6 ## **KABOSH** ## **Statement of Financial Activities (Incorporating an Income and Expenditure Account) FOR THE YEAR ENDED 31 MARCH 2024** **----- Start of picture text -----**
31/3/24 31/3/23
UnrestrictedRestricted Total Total
funds funds funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 3 199 63,082 63,281 62,921
Charitable activities 5
Programming - 108,627 108,627 141,945
Unrestricted 54,370 - 54,370 65,281
Investment income 4 339 - 339 96
Other income 6 21,334 - 21,334 21,306
Total 76,242 171,709 247,951 291,549
EXPENDITURE ON
Charitable activities
Programming - 243,664 243,664 232,345
Unrestricted 2,298 110 2,408 26,373
Total 2,298 243,774 246,072 258,718
NET INCOME/(EXPENDITURE) 73,944 (72,065) 1,879 32,831
Transfers between funds 16 (47,839) 47,839 - -
Net movement in funds 26,105 (24,226) 1,879 32,831
RECONCILIATION OF FUNDS
Total funds brought forward 50,148 50,079 100,227 67,396
TOTAL FUNDS CARRIED FORWARD 76,253 25,853 102,106 100,227
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The notes form part of these financial statements 7 ## **KABOSH** ## **Statement of Financial Position 31 MARCH 2024** **----- Start of picture text -----**
31/3/24 31/3/23
Notes £ £
FIXED ASSETS
Tangible assets 12 7,757 7,510
CURRENT ASSETS
Debtors 13 32,213 31,503
Cash at bank 82,288 67,881
114,501 99,384
CREDITORS
Amounts falling due within one year 14 (20,152) (6,667)
NET CURRENT ASSETS 94,349 92,717
TOTAL ASSETS LESS CURRENT
LIABILITIES 102,106 100,227
NET ASSETS 102,106 100,227
FUNDS 16
Unrestricted funds:
Unrestricted 39,706 38,601
Designated Funds 36,547 11,547
76,253 50,148
Restricted funds 25,853 50,079
TOTAL FUNDS 102,106 100,227
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes form part of these financial statements continued... 8 ## **KABOSH** ## **Statement of Financial Position - continued 31 MARCH 2024** These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 30 January 2025 and were signed on its behalf by: ............................................. Rosemarie McHugh - Trustee The notes form part of these financial statements 9 **KABOSH** **Notes to the Financial Statements FOR THE YEAR ENDED 31 MARCH 2024** ## **1. GENERAL INFORMATION** The charity is a private company limited by guarantee and is a registered charity with the Charity Commission for Northern Ireland. The registered office address of the charity is Imperial Buildings, 72 High Street, Belfast BT1 2BE. ## **2. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland': - the requirements of Section 7 Statement of Cash Flows. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** All fixed assets are initially recorded at cost. ## **Depreciation** Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: - Office equipment - 20% reducing balance ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Designated funds are unrestricted funds earmarked by the trustees for a particular future purpose. continued... 10 **KABOSH** **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2024** ## **2. ACCOUNTING POLICIES - continued** ## **Fund accounting** Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. ## **Pension costs and other post-retirement benefits** The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. **----- Start of picture text -----**
DONATIONS AND LEGACIES
31/3/24 31/3/23
£ £
Donations 1,281 921
ACNI Annual Funding 37,000 37,000
Belfast City Council - Annual Support 25,000 25,000
63,281 62,921
INVESTMENT INCOME
31/3/24 31/3/23
£ £
Deposit account interest 339 96
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## **3. DONATIONS AND LEGACIES** ## **4. INVESTMENT INCOME** continued... 11 ## **KABOSH** ## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2024** ## **5. INCOME FROM CHARITABLE ACTIVITIES** ## **6.** **----- Start of picture text -----**
Unrestricted Restricted Total Funds Total Funds
Funds Funds 2024 2023
£ £ £ £
Arts Council for Northern Ireland
(Projects)
Core (Projects) - 21,347 21,347 20,508
Arts and Older People - 9,000 9,000 8,000
Commissioning - 4,812 4,812 9,176
Belfast Charitable Society - 8,000 8,000 -
Community Relations Council - - - 5,000
Culture Ireland - 29,343 29,343 8,389
Department of Foreign Affairs
Reconciliation Fund - - - 33,181
Foyle Foundation - 15,000 15,000 -
Future Screens NI - 21,125 21,125 21,919
Garfield Weston Foundation - - - 20,000
Imagine Festival of Ideas & Politics - - - 2,000
Leche Trust - - - 2,000
Sylvia Waddilove Foundation UK - - - 1,000
Ulster University - - - 3,522
University of Teeside - - - 5,000
University of Warwick - - - 2,250
Ticket sales & earned income 54,370 - 54,370 65,281
54,370 108,627 162,997 207,226
OTHER INCOME
31/3/24 31/3/23
£ £
Sundry income 21,334 21,306
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Included in sundry income of **£21,334** (2023: £21,306) is **£16,169** (2023: £17,509) relating to Theatre Tax Relief claims for the year ended 31 March 2023. continued... 12 ## **KABOSH** ## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2024** ## **7. SUPPORT COSTS** |**Personnel**
**£**
Programming
**90,005**
Unrestricted
**-**
**90,005**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Staff pension contributions
Independent examiner's fee|**Running**
**Governance**
**costs**
**costs**
**£**
**£**
**18,509**
**5,968**
**1,344**
**80**
**19,853**
**6,048**
**31/3/24**
**£**
**1,939**
**2,673**
**2,850**|**Totals**
**£**
**114,482**
**1,424**| |---|---|---| |||**115,906**| |||**31/3/23**
**£**
1,878
2,609
4,200| ## **8. NET INCOME/(EXPENDITURE)** Net income/(expenditure) is stated after charging/(crediting): ## **9. TRUSTEES' REMUNERATION AND BENEFITS** ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. ## **10. STAFF COSTS** |**STAFF COSTS**||| |---|---|---| |Wages and salaries
Social security costs
Other pension costs|**31/3/24**
**£**
**84,294**
**3,038**
**2,673**|**31/3/23**
**£**
82,537
3,269
2,609| ||**90,005**|88,415| The average monthly number of employees during the year was as follows: ||**31/3/24**|**31/3/23**| |---|---|---| |Administrative staff|**3**|3| No employees received emoluments in excess of £60,000. ## **Key Management Personnel** Key management personnel include all persons who have authority and responsibility for planning, directing and controlling the activities of the charity. The total consideration (including employers national insurance contributions), paid to key management personnel for services provided to the charity was **£88,573** (2023: £86,185). continued... 13 ## **KABOSH** ## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2024** **----- Start of picture text -----**
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
UnrestrictedRestricted Total
funds funds funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 921 62,000 62,921
Charitable activities
-
Programming 141,945 141,945
Unrestricted 65,281 - 65,281
Investment income 96 - 96
Other income 21,306 - 21,306
Total 87,604 203,945 291,549
EXPENDITURE ON
Charitable activities
-
Programming 232,345 232,345
Unrestricted 26,373 - 26,373
Total 26,373 232,345 258,718
NET INCOME/(EXPENDITURE) 61,231 (28,400) 32,831
Transfers between funds (51,055) 51,055 -
Net movement in funds 10,176 22,655 32,831
RECONCILIATION OF FUNDS
Total funds brought forward 39,973 27,423 67,396
TOTAL FUNDS CARRIED FORWARD 50,149 50,078 100,227
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continued... 14 ## **KABOSH** ## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2024** ## **12. TANGIBLE FIXED ASSETS** **----- Start of picture text -----**
Office
Equipment
£
COST
At 1 April 2023 32,667
Additions 2,186
At 31 March 2024 34,853
DEPRECIATION
At 1 April 2023 25,157
Charge for year 1,939
At 31 March 2024 27,096
NET BOOK VALUE
At 31 March 2024 7,757
At 31 March 2023 7,510
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£ £
Trade debtors 21,988 22,882
Other debtors 33 33
Prepayments and accrued income 10,192 8,588
32,213 31,503
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£ £
Trade creditors 14,829 1,705
Social security and other taxes - 1,265
VAT 645 319
Other creditors 1,829 362
Accrued expenses 2,849 3,016
20,152 6,667
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continued... 15 ## **KABOSH** ## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2024** ## **15. ANALYSIS OF NET ASSETS BETWEEN FUNDS** **----- Start of picture text -----**
31/3/24 31/3/23
UnrestrictedRestricted Total Total
funds funds funds funds
£ £ £ £
Fixed assets 4,277 3,480 7,757 7,510
Current assets 73,872 40,629 114,501 99,384
Current liabilities (1,896) (18,256) (20,152) (6,667)
76,253 25,853 102,106 100,227
16. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1/4/23 in funds funds 31/3/24
£ £ £ £
Unrestricted funds
Unrestricted 38,601 73,944 (72,839) 39,706
Designated Funds 11,547 - 25,000 36,547
50,148 73,944 (47,839) 76,253
Restricted funds
Core 3,000 (11,391) 8,391 -
Quartered - (197) 197 -
The Barracks - (1,480) 1,480 -
ACNI equipment grant 4,871 (1,502) - 3,369
Silent Trade - 19 (19) -
Political Discourse In Schools 15,448 (10,006) - 5,442
Lectures, Teaching & Collaborations - (80) 80 -
Reunion 640 (1) (639) -
Green & Blue: 2023 12,614 (32,249) 19,635 -
ACNI Arts & Older People: The
Occasional Gardener 2023 8,000 (8,739) 739 -
Live & Learn 5,506 (5,506) - -
Mary Ann The Forgotten Sister - 3,575 - 3,575
Belfast 2024: Translinks - (5,197) 5,197 -
Not On Our Watch: Summer 2023 - (8,038) 8,038 -
Third Person In Our Marriage - (805) 805 -
Do Rocks Listen - (1,035) 1,035 -
Training - (192) 192 -
Belfast City Council International
Women's Day - 4,478 - 4,478
ACNI 29809: The Occasional Gardner
2023-24 - 8,989 - 8,989
ACNI 31500: Cuckoo Land - (2,700) 2,700 -
The Hearth: BFF - (8) 8 -
50,079 (72,065) 47,839 25,853
TOTAL FUNDS 100,227 1,879 - 102,106
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continued... 16 ## **KABOSH** ## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2024** ## **16. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: **----- Start of picture text -----**
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
Unrestricted 76,242 (2,298) 73,944
Restricted funds
Core 100,363 (111,754) (11,391)
Quartered - (197) (197)
The Barracks 75 (1,555) (1,480)
ACNI equipment grant - (1,502) (1,502)
Silent Trade - 19 19
Political Discourse In Schools - (10,006) (10,006)
Lectures, Teaching & Collaborations - (80) (80)
Reunion 12 (13) (1)
Green & Blue: 2023 35,051 (67,300) (32,249)
ACNI Arts & Older People: The
Occasional Gardener 2023 501 (9,240) (8,739)
Live & Learn (4,188) (1,318) (5,506)
Mary Ann The Forgotten Sister 21,418 (17,843) 3,575
Belfast 2024: Translinks - (5,197) (5,197)
Not On Our Watch: Summer 2023 476 (8,514) (8,038)
Third Person In Our Marriage - (805) (805)
Do Rocks Listen - (1,035) (1,035)
Training - (192) (192)
Belfast City Council International
Women's Day 9,001 (4,523) 4,478
ACNI 29809: The Occasional Gardner
2023-24 9,000 (11) 8,989
ACNI 31500: Cuckoo Land - (2,700) (2,700)
The Hearth: BFF - (8) (8)
171,709 (243,774) (72,065)
TOTAL FUNDS 247,951 (246,072) 1,879
**----- End of picture text -----**
continued... 17 ## **KABOSH** ## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2024** ## **16. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** **----- Start of picture text -----**
Net Transfers
movement between At
At 1/4/22 in funds funds 31/3/23
£ £ £ £
Unrestricted funds
Unrestricted 29,552 61,230 (52,181) 38,601
-
Designated Funds 10,421 1,126 11,547
39,973 61,230 (51,055) 50,148
Restricted funds
Core - (11,366) 14,366 3,000
Quartered 696 - (696) -
-
ACNI equipment grant 6,749 (1,878) 4,871
Silent Trade - (5,520) 5,520 -
- -
The King of East Belfast 1,207 (1,207)
Before You Go Revival 1,174 (5,877) 4,703 -
ACNI Arts & Older People: The
Occasional Gardener 2022 5,881 (6,385) 504 -
-
Drawing The Ring of Steel 2,792 (892) (1,900)
- -
Lyric Live to Digital 8,924 (8,924)
- -
The Shedding of Skin: 2022 (5,651) 5,651
Green & Blue: 2022 - (15,537) 15,537 -
Political Discourse In Schools - 15,448 - 15,448
Reunion - 640 - 640
Not On Our Watch - (17,501) 17,501 -
Green & Blue: 2023 - 12,614 - 12,614
ACNI Arts & Older People: The
Occasional Gardener 2023 - 8,000 - 8,000
Live & Learn - 5,506 - 5,506
27,423 (28,399) 51,055 50,079
TOTAL FUNDS 67,396 32,831 - 100,227
**----- End of picture text -----**
continued... 18 ## **KABOSH** ## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2024** ## **16. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: **----- Start of picture text -----**
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
Unrestricted 87,604 (26,374) 61,230
Restricted funds
Core 96,313 (107,679) (11,366)
-
ACNI equipment grant (1,878) (1,878)
Silent Trade 24,858 (30,378) (5,520)
Before You Go Revival - (5,877) (5,877)
ACNI Arts & Older People: The
Occasional Gardener 2022 - (6,385) (6,385)
-
Drawing The Ring of Steel (892) (892)
The Shedding of Skin: 2022 10,822 (16,473) (5,651)
Green & Blue: 2022 14,088 (29,625) (15,537)
Political Discourse In Schools 18,174 (2,726) 15,448
Reunion 9,200 (8,560) 640
Not On Our Watch 700 (18,201) (17,501)
Green & Blue: 2023 12,614 - 12,614
ACNI Arts & Older People: The
Occasional Gardener 2023 8,000 - 8,000
Live & Learn 9,176 (3,670) 5,506
203,945 (232,344) (28,399)
TOTAL FUNDS 291,549 (258,718) 32,831
**----- End of picture text -----**
continued... 19 ## **KABOSH** ## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2024** ## **16. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined position is as follows: **----- Start of picture text -----**
Net Transfers
movement between At
At 1/4/22 in funds funds 31/3/24
£ £ £ £
Unrestricted funds
Unrestricted 29,552 135,174 (125,020) 39,706
-
Designated Funds 10,421 26,126 36,547
39,973 135,174 (98,894) 76,253
Restricted funds
Core - (22,757) 22,757 -
Quartered 696 (197) (499) -
The Barracks - (1,480) 1,480 -
-
ACNI equipment grant 6,749 (3,380) 3,369
Silent Trade - (5,501) 5,501 -
- -
The King of East Belfast 1,207 (1,207)
Before You Go Revival 1,174 (5,877) 4,703 -
ACNI Arts & Older People: The
Occasional Gardener 2022 5,881 (6,385) 504 -
-
Drawing The Ring of Steel 2,792 (892) (1,900)
- -
Lyric Live to Digital 8,924 (8,924)
- -
The Shedding of Skin: 2022 (5,651) 5,651
Green & Blue: 2022 - (15,537) 15,537 -
Political Discourse In Schools - 5,442 - 5,442
Lectures, Teaching & Collaborations - (80) 80 -
Reunion - 639 (639) -
Not On Our Watch - (17,501) 17,501 -
Green & Blue: 2023 - (19,635) 19,635 -
ACNI Arts & Older People: The
Occasional Gardener 2023 - (739) 739 -
- -
Mary Ann The Forgotten Sister 3,575 3,575
Belfast 2024: Translinks - (5,197) 5,197 -
Not On Our Watch: Summer 2023 - (8,038) 8,038 -
Third Person In Our Marriage - (805) 805 -
Do Rocks Listen - (1,035) 1,035 -
Training - (192) 192 -
Belfast City Council International
- -
Women's Day 4,478 4,478
ACNI 29809: The Occasional Gardner
2023-24 - 8,989 - 8,989
ACNI 31500: Cuckoo Land - (2,700) 2,700 -
The Hearth: BFF - (8) 8 -
27,423 (100,464) 98,894 25,853
TOTAL FUNDS 67,396 34,710 - 102,106
**----- End of picture text -----**
continued... 20 ## **KABOSH** ## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2024** ## **16. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: **----- Start of picture text -----**
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
Unrestricted 163,846 (28,672) 135,174
Restricted funds
Core 196,676 (219,433) (22,757)
-
Quartered (197) (197)
The Barracks 75 (1,555) (1,480)
-
ACNI equipment grant (3,380) (3,380)
Silent Trade 24,858 (30,359) (5,501)
Before You Go Revival - (5,877) (5,877)
ACNI Arts & Older People: The
Occasional Gardener 2022 - (6,385) (6,385)
-
Drawing The Ring of Steel (892) (892)
The Shedding of Skin: 2022 10,822 (16,473) (5,651)
Green & Blue: 2022 14,088 (29,625) (15,537)
Political Discourse In Schools 18,174 (12,732) 5,442
-
Lectures, Teaching & Collaborations (80) (80)
Reunion 9,212 (8,573) 639
Not On Our Watch 700 (18,201) (17,501)
Green & Blue: 2023 47,665 (67,300) (19,635)
ACNI Arts & Older People: The
Occasional Gardener 2023 8,501 (9,240) (739)
Live & Learn 4,988 (4,988) -
Mary Ann The Forgotten Sister 21,418 (17,843) 3,575
Belfast 2024: Translinks - (5,197) (5,197)
Not On Our Watch: Summer 2023 476 (8,514) (8,038)
-
Third Person In Our Marriage (805) (805)
Do Rocks Listen - (1,035) (1,035)
-
Training (192) (192)
Belfast City Council International
Women's Day 9,001 (4,523) 4,478
ACNI 29809: The Occasional Gardner
2023-24 9,000 (11) 8,989
ACNI 31500: Cuckoo Land - (2,700) (2,700)
The Hearth: BFF - (8) (8)
375,654 (476,118) (100,464)
TOTAL FUNDS 539,500 (504,790) 34,710
**----- End of picture text -----**
continued... 21 ## **KABOSH** ## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2024** ## **17. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2024. 22 ## **KABOSH** ## **Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2024** **----- Start of picture text -----**
31/3/24 31/3/23
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 1,281 921
ACNI Annual Funding 37,000 37,000
Belfast City Council - Annual Support 25,000 25,000
63,281 62,921
Investment income
Deposit account interest 339 96
Charitable activities
Project grants 108,627 141,945
Ticket and earned income 54,370 65,281
162,997 207,226
Other income
Sundry income 21,334 21,306
Total incoming resources 247,951 291,549
EXPENDITURE
Charitable activities
Other motor / travel costs 41,681 13,755
Production publicity costs 2,937 8,752
Actors costs 41,952 52,682
Set, costume & stage expenses 7,723 13,087
Other production costs 34,245 55,459
Venue hire 1,686 3,201
Bad Debt Write Off (58) -
130,166 146,936
Support costs
Personnel
Wages 84,294 82,537
Social security 3,038 3,269
Pensions 2,673 2,609
90,005 88,415
**----- End of picture text -----**
This page does not form part of the statutory financial statements 23 ## **KABOSH** ## **Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2024** **----- Start of picture text -----**
31/3/24 31/3/23
£ £
Personnel
Running costs
Insurance 2,407 2,322
Light and heat 1,528 1,417
Telephone 1,776 1,673
Postage and stationery 203 284
Sundries 2,038 1,019
Bank charges 290 376
Rent 6,432 6,432
Legal & Consultancy fees - 30
Repairs & maintenance 1,669 572
Marketing costs 72 635
Other motor / travel costs 762 561
Staff training - 80
Subscriptions 737 1,071
Fixtures & fittings depn 1,939 1,878
19,853 18,350
Information technology
Sundries - 96
Governance costs
Accountancy fees 5,930 4,800
Board expenses 118 121
6,048 4,921
Total resources expended 246,072 258,718
Net income 1,879 32,831
**----- End of picture text -----**
This page does not form part of the statutory financial statements 24