REGISTERED COMPANY NUMBER: N1029738 (Northern Ireland) REGISTERED CHARITY NUMBER: 100917 Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2025 for Kabosh M.B.M¢Grady & Co Chartered Accountants Suite 2B Cadogan House 322 Lisbuim Road Belfast Co. Antrim BT9 6GH
Kabosh Contents of the Financial Statements for the Year Ended 31 Mareh 2025 Page Reference and Administrative Details Report of the Trustees Independent Examiner's Report Statement of Fillaneial Activities Statement of Finaneial Position Notes to the Financial Statements 12 to 24 Detailed Statement of Financial Activities 25 to 26
Kabosh Referenee and Administrative Details for the Year Ended 31 March 2025 TRUSTEES Nicola Abernethy - Communications Manager Laura Bradley - Arts Manager Aine Gleghorne - Accountant Mary Joi'dan - Actress and Drama Facilitator Einina McErlean - Play Therapisl Rosemarie McHugh - Accountant Siobhan Winston - Accountant Matthew Wal'd- Accountant Albert Hainilton Dii'ector Davy Kettyles - Trade Union Organiser COIKPANY SECRET ARY Mr. R J Mcmanus REGISTERED OFFICE Imperial Buildings 72 High Street Belfast BTI 2BE REGISTERED COMPANY NUMBER N1029738 (Northern Ireland) REGISTERED CHARITY NUMBER 100917 INDEPENDENT EXAMINER M.B.McGrady & Co Chartered Accoiintants Suite 2B Cadogan House 322 Lisburn Road Belfast Co. Antrim BT9 6GH
Kabosh Report of the Trustees for the Year Ended 31 March 2025 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 2025. Reference and Adm inistrative details Reference and adininistrative details are shown in the schedule of inembers of the board and professional advisors on page l of the financial stateinents. OBJECTIVES AND ACTIVITIES Objectives and aims 2024-25 saw Kabosh present a range of high quality, socially engaged theatre locally, nationally, and internationally. Kabosh continues to develop its aiins and objectives in line with its agreed business developinent plan, focusing on giving a voice to sites, spaces and people through reinventing and reinterpreting the ways in which stories ar¢ told. Kabosh aims to.. create exciting theatre in different types of locations. animate public spaces. re-examine contested space in Northern Ireland. stage engaging narratives inspired by local stories and histories coinmission plays that chart the way the north of Ireland is evolving. transform lives through theatre. provide quality, Stimulating, entertainment for everybody living in and visiting Ulster. develop new audiences foi. theati'e and encourage repeat attendance. prograinine ancillary events including post-show discussions and workshops to deepen engageinent. collaborate wilh inulti-sectoral partners across company practice. be ¢ognisant of legacy and work with acadeniia to archive and interrogate output. provide quality einployinent for artists and provide year-round sectoral suppoit. develop arts and cultui'e within li'eland, pi'oinoting its woith nationally and internationally
Kabosh Report of the Trustees for the Year Ended 31 March 2025 OBJECTIVES AND ACTIVITIES Significant activities Major projects during 2024125, Kabosh 30th birthday year, included.. Mary Ann, The Forgotten Sister by Clare Mcmahon, a promenade piece on the life and legacy of Mary-Ann Mccracken, designed for performance between Clifton Cemetery and Clifton House, including the surrounding grounds. Perforined by Maria Connolly, Calla Hughes and Carol Moore. Costuine Designer Una Hickey. Stage Manager Sarah Reid. Music director Jane Cassidy. Movernent Paula O'Reilly. 12 Performances. 223 Audience. Suppoited by ACNI and Belfast Charitable Society. The Occasional Gardener 3: Designed and co-ordinated by Carol Moore with support from Anna O'Kan¢ (visual artist), Neil Keery & Paula O'Reilly (movein¢nt) and Kat Reagan (singer). An 8-week arts and reininiscence project inspired by gardening presented in 3 Macklin NI care hoines for 30 dementia sufferers and their carei's. Supported by the Arts Council of Northern Ireland's Aits & Older People's Fund. Little Ainal.. produced by Artsekta foi. Belfast 2024. An intervention in Colin Glen Forest Park entitled Do Not Disturb. Designer Arlene Riley. Moveinent Paula O'Reilly and Project Coordinatoi. Liam Mcmullan. 12 actoi's, 4 inusicians and 2 participant guides. 44 local participants. 625 audience. Suppoited by Belfast 2024 via Artsekta. Green & Blue.. Written by Laurence McKeown; perfonned by James Doran and Vincent Higgins. crew Stephen Quinn. Based on oral ai'chive of testimonies fi'om forinei. serving An Gai'da Slochana and Royal Ulster Constabulaiy officers who patrolled the border during the height of the conflict. Originally developed in partnership with Diversity Challenges, preiniering 2016, revivals continue to play an important role in our artistic strategy. 3 perforinances at Milwaukee Irish Festival. 3 perfoi'inances at trish Ainerican Hei'itage Centre, Chicago. 2 perfoi'inances at Alberta Historical House, Portland Oregon. 2 perfoi'mances at Irish Centre, San Franciso. I perfoi'inance at St Ignatius High School, San Francisco. I perforinance Leadville, Colorado and I perforinance in Salida Colorado. 1,020 international audience - 90010 participated in post-show discussions. Presented with support from Culture Ireland. Three Pay Days.. Written by Alice Malseed inspired by interviews with staff and users from The Larder. exploring food banks, housing and austerity. Produced in paitnei'ship with Ea5tside Arts Festival. Perforined by Holly Hannaway, Patrick McBrearty and Mary Moulds. Set & Costume Designer Niainh Kearney. Sound Designer Katie Richai'dson. Stage Manager Caitlin Hunter. 5 perforinances Santuary Theatre as part of Eastside Aits Festival, Black Mountain Shai'ed Space and Felons as part of Feile an Phobail, the Playhouse in Derry - 489 audience. Post show panel support from Positive Cai'i'ickfergus, PPR, Barnai'do's NI and Trussel Trust. Post tour extracts were staged al launch of both East Belfast Anti-Poverty Alliance Strategy and East Belfast Strategic Framework 2025-2030. Supported by Eastside Aits, Belfast City Council, Foyle Foundation, Arts Council Nl and Departtnent of Foreign Affairs Reconciliation Fund. Conflicting Nai'ratives: a 10-day intensive training course for local artisls working in the aits and conflict sphere: combining day-long workshops delivered by international experts, accoinpanied by evening peiforJnan¢es froni the Kabosh catalogue of socio-political th¢atre exploi'ing the legacy of conflict in the north. Each p¢rfonnance was followed by facilitated discussion with input from ¢oinmunity-based experts in restorative justice, storytelling, cominunity engagement, sti'ategic developinent and animation of ¢onlesled piiblic space. Thei'e was also a programmed political toui. led by community activists. Venue: Bla¢k Mountain Shared Space as part of Féile an Phobail 2024. 105 aitists conti'acted, 4 intei'national facilitatoi's, 3 local panel members, 6 performances, 328 audience. Supported by Belfast 2024 via Féile an Phobail
Kabosh Report of the Trustees for the Year Ended 31 March 2025 OBJECTIVES AND ACTIVITIES Callings.. Written by Doininic Montague, revived to coincide with the 50th anniversary of Cara-friend, looking at ihe creation and legacy of the vital queer helpline. Designed by Stuart Marshall and Erin Charteris. movement and intiinacy by Paula O'Reilly; sound design by Katie Richardson with Rory Casey and Caitlin Hunter on production. Perforn)ed by Vicky Allen, Christopher Grant, Chris Robinson, Simon Sweeney and Michelle Wiggins foi. 1609 patrons over 23 perforniances in Lyric Belfast, MAC Birmingham, Stanley Arts Croydon, Chats Palace Hackney, Hawkswell Sligo, Market Place Annagh, Riverbank Kildare, Down Arts Dowiipatrick, Droichead Drogheda, Garage Monaghan and Project Arts Dublin. Supported by Culture Ireland, Foyle Foundation, the Arts Council An Chomhairle Ealalon, ACNI and BCC. Suspect Devffice - Are you on the Bus? Coininissioned by Belfast 2024, produced in partnership with Outburst, written by Raphael Ainahl Khouri and stsged on a static vintage bus in the grounds of Belfast Castle. Performed by Beca Barton, Vincent Higgins, Claire Lainont and Mai'iah Louca. Crew: Siinon Bird, Colm G Doran and Aoife Maguire. Designed by Enda Kenny, Herb Magee, Eoin Robinson and Mary Tuinelty. 14 performances for 588 patrons (one signed). l off-site relaxed perfonnance for 14 pati'ons. 3 post-show discussions, one of which was signed, for 58 participants -input from Outburst Festival Producel. / Programmer Caleb J Roberts, Playwright Raphael Amahl Khouri and Robyn Archer Director of Trans Resoui'ce Centre. Made possible through the support of 10 volunteers. Presented project concept as part of BIAF Belfast 2024 international touring showcase. Supported by Belfast 2024 via Outburst, ACNI and National Lottery Heritage Fund. Hearth Film Part of Belfast 2024, produced by Belfast Filin Festival (led by Michele Devltn and Mark Cousins). We al'e a collaborating artist with Alison Millar. Progi'amined inultiple interviews lead by local actors. Supported by Belfast 2024 via BFF. Awards - Arts & Business NI 'Cultural Organisation, Award - Not on our Watch Arts & Business NI 'Creative Parlnership, Award - Not on oui. Watch Aisling TG4 Arts & Culture Award Blueprint Meinber foi. 2025-27 - Arts & Business Nl Bespoke commissions and revival Alongside developinent of new work, acadeinic Collaborations and the major productions highlighted, Kabosh also delivered i'egular tours of Quartered: Belfasl, a Love Story. Ongoing i'evival develops new audiences for Kabosh, generates incoine for investment in additional pi'oducts and offers quality einployinent for indigenous practitioners. Kabosh Aitistic Director Paula M¢Feti'idge also ¢onti'ibuted as a panellist and guest artist foi. sevei'al confei'ences and projects including 'The Trouble with Truth and Reconciliation, at the Ainerican li'ish Historical Society NYC. 'Iinpossible Peace, at Belfast Central Library; and a presentation at Belfast synagogue for older meinbers. as well as on-going participation in the Price of Performance, Stages of Violence, and The Senses Network international research projects. 5, 048 audience meinbers (2023124: 4,704) and 1, 777 participants (2023124: 2,627) engaged with the work produced dui-ing the year. Kabosh engaged 184 freelance artists aiid pi'actitioners (2023124.. 88) at a cost of £109, 396 (2023124.. £41,952). 1,182 suppoiters (2023124., 1,184) I'eceived the Kabosh Inonthly newsletter. 5, 139 followed the coinpany on Twitter (2023124: 5, 293). 3.8k 'like' the Kabosh Facebook page, Reach 8.6k (2023124: 3, 693). 2,149 people follow the Kabosh Instagrain page, Reach 12.4k (2023124.. 1,667). 427 follow Kabosh on Linkedin. 93 on Youtube and 1.8k views click through rate of 790/0 on Linktree - social media continues to be a inajor coininunication tool for the coinpany though public habits al'e changing so Kabosh is reviewing cotninunication tools. Kabosh is coininitted to nurturing and strengtheniiig the local arts sector. In addition to 100 hrs placeinent opportunities for 31'd level student5, quantified 2024125 support in kind included.. Advice Script Report
Kabosh Report of the Trustees for the Year Ended 31 March 2025 OBJECTIVES AND ACTIVITIES University i Academic and Secondary Educalion - Dramaturgy Consultation - Funding Support Totalling 57.7 hours by GM and AD= £6,787.50 Equipinent Loan - CosttEine Loan Rehearsal Space Loan Totalling 43.5 hrs - £2,175 Kabosh continue to diversify and strengthen its range of stakeholders and income streams. A number of funding bodies invested in Kabosh throughout this financial year. The main grant making bodies are listed on page l 8 and outlined below are the Trusts, Foundations, Commissioning bodies and clients during 2024125: Arts Council Northern Ireland (Annual Funding Programme, and Arts & Older People Programine) Belfast Chai'itable Society (Mary Ann Mccracken Foundation) Belfast City Council (Annual and Belfast 2024) Culture Ireland Depaitment for Communities / Future Screens Nl Depaitment of Foreign Affairs Reconciliation Fund Arts Council An Choinhairle Ealalon (Toui'ing Grant) The Foyle Foundation Eastside Partnei'ship Arts & Business NI This diversity of income generation is key to oui. agile and dynainic business Inodel, which is built upoii the generation and reinvestment of significant earned income in each financial year as we51 as leveraging opportunities for wide reaching public funding. The company's col'e costs are appi'oxiinately £130k per yeai. as of 2024125. This increase froin previous pei'iods is due to the additional govei'nance/financial fees given the appointtnent of Clarke and Co. Ltd. as external bookkeepers. Funding froin the Arts Council of Northern li'eland's Annual Funding Programine, and Belfast City Council's Cultural Multi-Annual Grant inake up 50010 of our core incoine. In 2024125 funding froin futui'e screens Nl made up a significant quantity of core funding also, covei'ing the salaiy foi. the role of Assistant Ci'eative Producei.. Kabosh invest an additional 150/0 into core budget annually. This 15 generated through earned incoine and service provision during the previous fanCIal year. This sum is held as designated reserve until point of investinent. Every year, Kabosh work to secure final 17 % of col'e budget froin grant giving trusts and foundations - Most recently, the Foyle foiindation. We al'e confident in our ability to raise this level of investment annually due to our unique work, strong relationships with major grant-givers, and robust fundraising skills: evidenced by an 850/0 success l'ate in grant applications over the last 2 years. In 2024125 Kabosh programming costs are approximately £300K. On average it is £1501160k pa. This significant inci'ease is due to securing inajor investinent froin BCC Belfast 2024 Creative Pi'ogi'ainine for four projects: Al'e You On The Biis? (in paitnership with Outburst Arts), Little Ainal l Do Not Disturb (in paitnership with Artsekta), Conflicting Narratives (in partnei'ship with Feile an Phobail), Hearth (in parthei'ship with Belfast Filin Festival), as well as a significant national and internalional toiiring pi'ogi'ainme (Callings and Green and Blue).
Kabosh Report of the Trustees for the Year Ended 31 Mareh 2025 OBJECTIVES AND ACTIVITIES Arts Council of Northern Ireland Annual Funding Programme generally makes up 130/0 of our prograinining budget, in 2024125, this made up for a lower percentage of progi?mming budget (c. 70/0) due lo the significantly increased project partnership income. This is allocated propoitionately across our prograinining and used as leverage to secure approx. 520/0 Inatch funding from a wider range of supporters, including grant giving trusts and foundations (Foyle Foundation) and public sector grant schemes (Cultui'e Ireland). A sinallei. poition of incoine, around 70/0 is also raised through partnei'ships with businesses, NGOS, and partner organisations (e.g Belfast Charitable Society, Eastside Partnership, ArtsEkia). Investinent from partner organisations was significantly higher in 2024125 due to the above cited Belfast 2024 partnerships. 280/0 of programming incoine is from box office, ticket sale and Show income. Project budgets are designed to break even. In the event of a surplu5, fund5 are ringfenced for project revival in future years. The significant increase ill output and turnover during 2024125 led to increased operational workload for the three core staff, so requiring increased investtnent into core budget from unrestricted ndS as opei'ational capacity did not allow for the leveraging of core investment from a fourth inajor funder as is our standard operational procedure. Moreover, the scale of output led to a significant increase in programining Costs with more freelance artisLladministrative contracts issued for services and increased production costs i.e. travel and accoininodalion, equipinent and materials. Whilst inost was covered by restricted incoine froin project partners and publi¢ bodies, inci'eased costs across selected prograinine eleinents were offset through leveraging Theatre Tax Relief {ThR) into selected project and core budgets out-of-year. Whilst this has led to financial stateinents displaying a significant deficit at year-end 2024, our submission for this financial period will result in a return of approxiinately £35k - £40k, a significant replenishinent of unrestricted funds by year-end 2025. FINANCIAL REVIEW Reserves policy The ¢harity had total fund reserves of £64,285 at 31 st March 2025, coinprising: £23,298 of restricted reserves £4,440 of genei'al unrestricted reserves £36,547 of designal¢d unrestt'i¢ted reserves The charity's aiin is to hold designated unrestricted reserves equivalent to three months operating costs (£36,547) in the event of a significant unexpected event or the winding up of the company. This will be achieved through the designation of um'estricted net incoine at the end of each financial year. General unrestricted reserves are available for the furtherance of the objectives of the charity. Restricted i'esei'ves al'e funds which inust be used in accordance with the requii'ements of the awarding body. FUTURE PLANS Kabosh intends to continue its activitie5 Outlined in the new strategy, subject to satisfactory funding arrangeinents. Plans have been developed to cominence several iiew productions and it is hoped that the coinpany will realise a full creative prograinme over the next three years. The cui'rent Inodel of operation includes a three-pronged appi'oach to fundraising. sectoral funding, earned incorne, and chai-itable giving (including trusts and foundations).
Kabosh Report of the Trustees for the Year Ended 31 March 2025 STRUCTURE, GOVERNANCE AND MANACEMENT Governing document Organisational Structure Kabosh is a coinpany limited by guarantee and does not have a shal'e capital. It is governed by a Meinoranduin and Articles of Association and the liability of each dii'ector is limited to an amount not exceeding £1. The company is governed by the Board of Directors. The Artistic Director and Executive Producer are responsible for the day to day running of the company. The directors who served the Company during the year were as follows: Nicola Abei'nethy Laura Bradley (chairperson) Aine Gleghorne (vice chaii.) Albeit Hamilton Mary Jordan Davy Ketyles Einina McErlean Rosemaire McHugh Matthew Ward Siobhan Winston TAXA TION STATUS The coinpany is recognised as a charity by HM Revenue & Customs. Accordingly, the coinpany ha5 availed of the exeinptions 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 . Ifl...D.C(QM.£oL...2caind signed oil its behalf by.. ine Gleghorne ccountant- Trust¢¢
Independent Examiner's Report to the Trustees of Kabosh I report on the accounts of the company for ihe year ended 31 March 2025, which are set out on pages nine to twenty four. Respective respoiisibilities 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 Coinpanies Act 2006. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent exainination, it is Iny responsibility to.. examine the accounts under Section 65 of the Charities Act follow the procedures laid down in the general Direolions given by the Charity Cominission for Northern li'eland under Section 65{9)(b) of the Charities Act state whether particular inatters have come to my attention. Basis of the independent examiner's report I have examined youi. charity a¢counts as required under Section 65 of the Charities Act and Iny examination was cai'ried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Chai'ities Act. The exainination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included ¢onsid¢i7tion of any unusual iteins or disclosures in the accounts, and seeking explanations fi'oin you as charity trustees concei'ning any such inatters. My role is to state whether any inaterial matters have coine to Iny attention giving me Cause to believe: That accounting records were not kept in accordance with Section 386 of the Coinpanies Act 2006 That the accounts do not accord with those accounting records That th¢ accounts do not coinply with Ihe accounting requirements of Section 396 of the Coinpanies Act 2006 and with the methods and principles of the Charities Statement of Recoinmended Pra¢tice applicable to chai'ities preparing theii. accounts in accordance wilh the Financial Reporting Standai'd appltcable in ihe UK and Republic of Ireland That there is further inforination needed for a proper understanding of the accounts to be reached. Independent examiner's statement Since your charity's gross incoine exceeded £250,000 your exaininer inust be a meinber of a listed body. I can confirin that l am qiialified to undertake the exainination because l am a ineinber of the Institute of Chaitered Accountants in Ireland which is one of the listed bodies. I have completed my exainination and have no conceins in respect of the Inatter5 (1) to (4) listed above and, in connection with following the Directions of the Charity Coininission for Northern li'eland, I have found no inatters that require drawing to your attention. Q CLW) Seainus McLei'non FCA The Institute of Chaitered Accountants in Ireland fvLL M.B.McGrady & Co Chartered Accountants Suite 2B Cadogan House 322 Lisburn Road Belfast BT9 6GH Date:
Kabosh Statement of Financial Activities (Ineorporating an Incoine and Expenditure Account) for the Yeai. Ended 31 March 2025 3113125 Total funds 3113124 Total funds Unr¢s¢rictedRe5tricted funds funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 855 62,344 63,199 63,281 Charitable activitie5 Programining Uni'¢strict¢d 275,730 275,730 52,418 108,627 54,370 52,418 Investment income Othei. income 482 482 339 Total 57,686 338 074 395,760 247,951 EXPENDITURE ON Charitable activities Programming Unrestricted 421,769 421,769 11,812 243,664 2,408 11,812 Total 421,769 433,581 246 072 NET INCOMEI(EXPENDITURE) Transfers betiveen funds 45,874 81,140) (83,695) (37,821) 1,879 16 Net movement in funds (35,266) (2,555) (37,821) 1,879 RECONCILIATION OF FUNDS Total funds brought forward 76,253 25,853 102,106 100,227 TOTAL FUNDS CARRIED FORWARD 23,298 102 106 The notes forin pait of these financial stateinents
Kabosh Slatement of Financial Position 31 March 2025 3113125 3113124 Notes FIXED ASSETS Tangible assets 12 10,803 7,757 CURRENT ASSETS Debtors Cash at bank 13 30,561 45,446 32,213 82,288 70,007 114,501 CREDITORS Amounts falling due within one year 14 (22,525) (20.152) NET CURRENT ASSETS 94,349 TOTAL ASSETS LESS CURRENT LIABILITIES 64,285 102,106 NET ASSETS 102 106 FUNDS Unrestricted funds: Unrestricted Designated Funds 16 4,440 39,706 76,253 Restricted funds 23,298 TOTAL FUNDS 102,106 The charitable company is entitled to exeinption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The Ineinbei's have not i'equired the Coinpany to obtain an audit of its financial slatements for the year ended 31 March 2025 in accordance with Section 476 of the Coinpanies Act 2006. The trustees acknowledge their iesponsibilities for (a) ensuring thal the charitable company keeps accounting records that coinply with Sections 386 and 387 of the Coinpanies Act 2006 and pi'eparing financial statements which give a true and fair view of the state of affairs of the Charitable coinpany as at the end of each fmancial yeai. and of its sui'plus or deficit for each financial year in accordance with the reqiiii'ements of Sections 394 and 395 and which othei'wise coinply with the i'equirements of the Companies Act 2006 I'elating to financial stateinents, so fai. as applicable to the charitable coinpany. (b) Tlie notes foi'in part of these financial 5tateineiits 10 continued...
Kabosh Statement of Financial Position eontinued 31 March 2025 These financial stateinents have been prepared in accordance with the provisions applicable to charitable companies subject to the sinall colpanIeS regime. Inancia atement were approved by the Board of Trustees and auihorised for issue on were signed on it5 behalf by: ine Gleghorne - Accountan rustee The notes foi'in part of these financial stateinents
Kabosh Notes to the Financial Statements for the Year Ended 31 March 2025 GENERAL INFORMATION The charity is a private company liinited by guarantee and is a registered charity with the Charity Cominission for Northern Ireland. The registered office address of the charity is Iinperial Buildings, 72 High Street, Belfast BTI 2BE. ACCOUNTING POLICIES Basis of preparing the finaneial statements The financial statements of the Charilable company, which is a public benefit entity under FRS 102, have been prepared in accoi'dance with the Chai'ities SORP (FRS 102) 'Accounting and Reporting by Charities.. Stateinent of Recommended Practice applicable to charities pi'epai'ing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standai'd applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial stateinents have been prepared under the historical cost convention. The charitable coinpany has taken advantage of the following disclosure exeinption in preparing these financial stateinents, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,: the requirement5 of Section 7 Stateinent of Cash Flows. Income All incoine is recognised in the Stateinent of Financial Activities once the charity has entitleinent to the funds, it 15 probable that the incoine will be received and the ainount can be Ineasured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation cominitting the charity to that expendituie, it is probable that a transfer of econoinic benefits will be required in settleinent and the ainount of the obligation can be measured relÈably. 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 dii'ectly 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 al'e initially recorded at cost. Depreciation Depreciation is calculated so as to write off the cost of an asset, less its estiinated residual value, over the useful economic life of that asset as follows.. Office equipment . 200/0 reducing balance Taxation The charity is exeinpt fi'oin corporation tax on its charitable activities. Fund accounting Uni'estricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Designated funds are uni'esti'icted funds eaiinarked by the ti'ustees for a particular future purpose. 12 continued...
Kabosh Notes to the Financial Statements - continued for the Year Ended 31 March 202S ACCOUNTING POLICIES- continued Fund accounting Resti'icted 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 ar¢ raised for particular restricted purposes. Pension cost5 and other post-retiren)ent benefits The charitable coinpany opei'ates a defined contribution pension scheme. Contributions payable to the charitable coinpany's pension scheme are charged Éo the Stateinent of Financial Activities in the period to which Ihey relate. DONATIONS AND LECACIES 3113125 3113124 Donations ACNI Annual Funding Belfast City Council - Annual Support 1,199 37,000 25,000 1,281 37,000 INVESTMENT INCOME 3113125 3113124 Deposit account interest 482 339 13 continued...
Kabosh Notes to the Fiiiancial Statements - continued for the Year Ended 31 March 2025 INCOME FROM CHARITABLE ACTIVITIES Unrestri¢t¢d Funds Restricted Funds Total Funds 2025 Total Funds 2024 Arts Council for Northern Ireland (Projeets) Core (Projects) Commissioning Arts and Older People 20.508 20.508 21,347 9,000 4,812 8,500 8,500 Arts Council Ireland AitsEkta Belfast Charitable Society Belfast City Council Culture Ireland Departtnent of Foreign Affairs Reconciliation Fund Eastside Arts Feile an Phobail Foyle Foundation Futui'e Screens Nl The GatTick Trust Outburst Arts 6,883 10,750 6,883 10,750 8,000 2,900 41,305 2,900 41,305 29,343 24,611 4,000 40,374 24,611 4,000 40,374 15,000 21,125 21,038 2,000 96,600 21,038 2,000 96,600 Ticket sales & earned in¢oine 52,418 52,418 279,469 331887 162,997 OTHER INCOME 3113125 3113124 Sundry income 21,334 Included in sundry income of £3,931 (2024: £21,334) is £2,173 (2024.. £16,169) relating to Theatre Tax Relief claiins for the year ended 31 March 2024. 14 continued...
Kabosh Notes to the Financial Statements- continued for the Year Ended 31 March 2025 SUPPORT COSTS Running eosts Governance costs Personnel Totals Programming Unresti'icted 95,833 23,680 7,639 12,399 131,912 7,639 95,833 31 12,399 139 551 NET INCOMEI(EXPENDITURE) Net incomel(expenditure) is stated after charging/(crediting)'. 3113125 3113124 Depi'eciation - owt]ed assets Staff pension conti'ibutions Independent examinei s fee 2,700 3,803 2,990 1,939 2,673 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. io. STAFF COSTS 3113ll5 3113124 Wages and salai'ies Social security Costs Other pension costs 88,573 3,457 3,803 84,294 3,038 2,673 95,833 The average monthly nuinber of einployees during the year was as follows: 3113125 3113124 Adininistrative staff No einployees received emoluinents in excess of £60,000. Key MaJ)agement Personnel Key Inanagen)ent personnel include all persons who have authority and i'esponsibility for planning, directiiig and controlling the activities of the charity. The total considei'ation (incliiding einployei's national insui'aiice contributions), paid to key Inanagement personnel foi. services provided to the charity was £92,030 (2024: £87,332). 15 continued...
Kabosh Notes to the Financial Statements - continued for the Year Ended 31 March 2025 ii. COMPARA TIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 199 63,082 63,281 Charitable activitie5 PrOgra1l1ng Unrestt'icted 108,627 108,627 54,370 54.370 Investinent incoine Other incoine 339 339 21,334 Total 76,242 171,709 247951 EXPENDITURE ON Chai'itable activities Pi'ogiainining Unrestricted 243,664 110 243,664 2,408 2,298 Total 243,774 246,072 NET INCOMEI(EXPENDITURE) Transfers betiveen fund5 73,944 47,839) (72,065) 47,839 1,879 Net movement in funds 26,105 (24,226) 1,879 RECONCILIATION OF FUNDS Total fund5 brought forward 50,148 50,079 100.227 TOTAL FUNDS CARRIED FORWARD 102,106 16 continued...
Kab05h Notes to the Finaneial Statements - continued for the Year Ended 31 March 2025 12. TANGIBLE FIXED ASSETS Office Equipment COST At l April 2024 Additions 34,853 5,746 At 31 March 2025 DEPRECIATION At l April 2024 Charge for year 27,096 2,700 At 31 March 2025 29,796 NET BOOK VALUE At 31 Mai'ch 2025 10,803 At 31 March 2024 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 3113125 3113124 Trade debtor5 Other debtors Prepayments and accrued incoine 30,331 21,988 33 10,192 230 30,561 32,213 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 3113125 3113124 Trade creditors VAT Other creditors Accrued expenses 14,352 2,723 1,220 4,230 14,829 645 1,829 2,849 22,525 20.152 17 continued...
Kabosh Notes to tlie Finaneial Statements - eontinued for the Year Ended 31 March 2025 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS 3113125 Total funds 3113124 Total funds Unrestricted funds Restricted funds Fixed assets Current assets Current liabilities 4,397 36,954 6,406 39,053 22,161) 10,803 76,007 22,525) 7,757 114,501 20 152) 40,987 23,298 102,106 16. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 3113125 At 114124 Unrestricted funds Unresti'icted Designated Funds 39,706 45,874 (81,140) 4,440 36,547 76,253 45,874 (81,140) 40,987 Restrieted funds Core ACNI equipinent grant Political Discoui'se In Schools Maiy Ann The Forgotten Sistei. BCC International Women's Day ACN129809: The Occasional Gardener 2023-24 ACN131500: Cuckoo Land Little Amal Green & Blue USA Tour 2024 Callings 2024-25 Thi'ee Pay Days Quartered 2024-25 Conflicting Narratives Are You On The Bus? / Suspect Device ACNI 33421.. The Occasional Gardener 2024-25 Reunion 2024-25 Julie (47,077) (1,201) {590} (3,229) (102) 47,077 3,369 5,442 3,575 4,478 2,168 (4,852) (346) (4,376) 8,989 (8,928) (6,300) 2,674 1,007 (34,701) (4,243) (324) (6,396) 4,825 (61) 6,300 (2,674) (1,007) 34,701 4,243 324 6,396 (4,585} 240 6,835 3,655 6,835 3,655 10,400 83,695) 81,140 TOTAL FUNDS 102,106 37 821} 64,285 18 continued...
Kabosh Notes to the Financial Statements- continued for the Year Ended 31 Mareh 2025 16. MOVEMENT IN FUNDS- continued Net inovement in funds, included in the above are as follows: Incoming resources Resourees expended Movement in funds Unrestricted funds Unrestricted 57,686 (11,812) 45,874 Restricted fund5 Core ACNI equipment grant Political Discourse In Schools Mary Ann The Forgotten Sister BCC International Woinen's Day ACNI 29809: The Occasional Gardener 2023-24 ACNI 31500: Cuckoo Land Little Amal Green & Blue USA Tour 2024 CallÈngs 2024-25 Three Pay Days Quartered 2024-25 Conflicting Nattatives Are You On The Bus? I Suspect Device ACNI 33421.. The Occastonal Gai'dener 2024-25 Reunion 2024-25 Julie 82,468 (129,545} (1,201) (590) (3,294) (102) (47,077) (1,201) {590) (3,229) (102) 65 99 (9,027) (6,300) (8,075) (30,529) (61,212) (21,444) (324) {46,770) (91,895) (8,928) {6,300) 2,674 1,007 (34,701) (4,243) (324) (6,396) 4,825 10,749 31,536 26,511 17,201 40,374 96,720 8,500 13,451 10,400 (1,665} (9,796) 6,835 3,655 10,400 338 074 421769) 83,695) TOTAL FUNDS 395 760 433,581) 37,821) 19 continued...
Kabosh Notes to the Financial Statements - continued for the Year Ended 31 March 2025 16. MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net movement in funds Transfers between funds At 3113124 At 114123 Unrestricted funds Unrestricted Designated Funds 38,601 11,547 73,944 (72,839) 25,000 39,706 36,547 50,148 73,944 (47,839) 76,253 Restricted funds Core Quartered The Barracks ACNI equipinent grant Silent Trade Political Discourse In Schools Lectui-es, Teaching & Collaborations Reunion Gi'een & Blue: 2023 ACNI Arts & Older People: The Occasional Gardener 2023 Live & Learn Mary Ann The Forgotten Sister Belfast 2024.. Translinks Not On Oui. Watch: Suinmer 2023 Third Person In Our Marriage Do Rocks List¢n Ti'aining BCC International Woinen's Day ACNI 29809: The Occasional Gardener 2023-24 ACN131 500.. Cuckoo Land The Hearth.. BFF 3,000 (11,391) (197) {1,480) (1,502) 19 (10,006) (80) (i) (32,249) 8,391 197 1,480 4,871 3,369 (19) 15,448 5,442 80 (639) 19,635 640 12,614 8,000 5,506 (8,739) (5,506) 3,575 (5,197) (8,038) (805} (1,035) (192) 4,478 739 3,575 5,197 8.038 805 ,035 192 4,478 8,989 (2,700) 8) 8,989 2,700 50,079 47,839 25,853 TOTAL FUNDS 100227 1,879 102 106 20 coiitiiiued...
Kabosh Notes to the Financial Statements - continued for the Year Ended 31 March 2025 16. MOVEMENT IN FUNDS- continued Comparative net inoveinent in funds, included in ihe above are as follows: Incoming resources Resources expended Movement in fuilds Unrestricted Cunds Unreslricted 76,242 (2,298) 73,944 Restricted funds Core Quartered The Baii'acks ACNI equipment grant Silent Trade Political Discourse In Schools Lectures, Teaching & Collaborations Reunion Green & Blue: 2023 ACNI Arts & Older People: The Occasional Gardenei. 2023 Live & Learn Mary Ann The Foi'gotten Sister Belfast 2024: Translinks Not On Our Watcli.. Suininer 2023 Third Person In Our Mai'i'iage Do Rocks Listen Training BCC International Women's Day ACN129809.. The Occasional Gardener 2023-24 ACNI 31500.. Cuckoo Land The Hearth: BFF 100,363 (111,754) (197) (1,555) (1,502) 19 (10,006) (80) (13) (67,300) (11,391) (197) (1,480) (1.502) 19 (10,006) (80) (i) {32,249) 75 12 35,051 501 (4,188) 21,418 (9,240) (1,318) (17,843) (5,197) (8,514) (805) (1,035) (192) (4,523) (8,739) (5,506) 3,575 (5,197) (8,038) (805) (1,035) (192) 4,478 476 9,001 9,000 (i i) 8,989 (2,700) (2,700) 8) 8) 171,709 243,774) 72,065) TOTAL FUNDS 247,951 246,072) continued...
Kabosh Notes to the Financial Statements - continued for the Year Ended 31 Marcl) 2025 16. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds Transfers betiveen funds At 3113125 At 114123 Unrestricted funds Unrestricted Designated Funds 38,601 119,818 (153,979) 25,000 4,440 36,547 50,148 119,818 (128,979) 40,987 Restricted funds Core Quailered The Barracks ACNI equipinent grant Silent Trade Political Discourse In Schools Lectures, Teaching & Collaborations Reunion Gi'een & Blue: 2023 ACNI Arts & Older People: The Occasioiial Gardener 2023 Live & Learn Maiy Ann The Forgotten Sister Belfast 2024: Translinks Not On Our Watch.. Suinmer 2023 Third Pei'son Iii Our Mai'riage Do Rocks Listen Trainiiig BCC International Woinen's Day ACN129809.' The Occasional Gardener 2023-24 ACN131500.. Cuckoo Land The Hearth.. BFF Little Ainal Green & Blue USA Tour 2024 Callings 2024-25 Three Pay Days Quartered 2024-25 Conf]icting Nari7tives Are You On The Bus? / Suspect Device ACNI 33421.. The Occasional Gai-dener 2024-25 Reunion 2024-25 Julie 3,000 (58,468) {197) (1,480) (2,703) 19 (10,596) (80) (i) (32,249) 55,468 197 ,480 4,871 2,168 (19) (4,852) 80 (639) 19,635 15,448 640 12.614 8,000 5,506 (8,739) (5,506) 346 (5,197) (8,038) (805) (1,035) (192) 4,376 739 (346) 5,197 8,038 805 1,035 192 (4,376) 61 (9,000) (8) 2,674 1,007 (34,701) (4,243) (324) (6,396) 4,825 (61) 9,000 (2,674) (1,007) 34,701 4,243 324 6,396 (4,585) 240 6,835 3,655 10,400 6,835 3,655 10,400 155,760) 128 979 TOTAL FUNDS 100,227 35,942) 64,285 22 continued...
Kabosh Notes to the Financial Statements - continued for the Year Ended 31 March 2025 16. MOVEMENT IN FUNDS- continued A current year 12 Inonths and prior year 12 months coinbined net movem¢nt in funds, included in the above are as follows: Incoming resources Resourees expended Movement iii funds Unrestricted funds Uni'estricted 133,928 (14,110) 119,818 Restricted funds Core Quartered The Baii'acks ACNI equipinent grant Silent Ti'ade Political Discourse In Schools Lectures, Teaching & Collaborations Reunion Green & Blue.. 2023 ACNI Arts & Oldei. People.. The Occasional Gardener 2023 Live & Learn Maiy Ann The Forgotten Sister Belfast 2024.- Translinks Not On Our Watch.. Suininer 2023 Third Person In Oui- Marriage Do Rocks Listen Ti'aining BCC International Woinen's Day ACN129809: The Occasional Gardenei. 2023-24 ACN131500: Cuckoo Land The Hearth: BFF Little Ainal Green & Blue USA Tour 2024 Callings 2024-25 Three Pay Days Quartei'ed 2024-25 Conflicting Narratives Are You On The Bus? I Suspect Device ACNI 33421.. The Occasional Gardener 2024-25 Reunion 2024-25 Julie 182,831 (241,299) (197) (1,555) (2,703) 19 (10,596) (80) (13) (67,300) (58,468) (197) (1,480) (2,703) 19 (10,596) (80) (i) (32,249) 75 12 35,051 501 (4,188) 21,483 (9,240) (1,318) (21,137) (5,197) (8,514) (805) (1,035) (192) (4,625) (8,739) (5,506) 346 (5,197) (8,038) (805) (1,035) (192) 4,376 476 9,001 9,099 (9,038) (9,000) (8) (8,075) (30,529) (61,212) (21,444) (324) (46,770) (91,895) 61 (9,000) (8) 2,674 1,007 (34,701) (4,243) (324) (6,396) 4,825 10,749 31,536 26,511 17,201 40,374 96,720 8,500 13,451 10,400 (1,665) (9,796) 6,835 3,655 509 783 665,543) 155,760) TOTAL FUNDS 643,711 679 653) 35 942) 23 continued...
Kabosh Notes to the Financial Statements - continued for the Year Ended 31 March 2025 17. RELATED PARTY DISCLOSURES There were £300 of fees paid to trustees, for work performed for the charity during Ihe year ended 31 March 2025 {2024'. nil). 24
Kabosh Detailed Statement of Financial Activities for the Year Ended 31 March 2025 3113125 3113124 INCOME AND ENDOWMENTS Donations and legacies Donations ACNI Annual Funding Belfast City Council - Annual Support 1,199 37,000 1,281 37,000 25,000 63,199 63,281 Investment incom¢ Deposit account interest 482 339 Charitable g¢tivities Project grants Ticket and earned incoine 275,730 108,627 54,370 328,148 162,997 Other ineome Sundry incoine 3,931 Total incoming resources 395,760 247,951 EXPENDITURE Charitable activities Other motor / travel costs Production publicity costs Actors costs Set, costlime & stage expenses Othei. pi'oduction costs Venue hire Bad Debt Write Off 58,260 14,204 103,794 26,368 84,866 6,538 41,681 2,937 41,952 7,723 34,245 1,686 58) 294,030 130,166 Support costs Personnel Wages Social security Pensions 88,573 3,457 3,803 84,294 3,038 95,833 90,005 This page does not foiin part of the statutory financial stateinents 25
Kabosh Detailed Statement of Financial Aetivities for tlie Year Ended 31 Mareh 2025 3113125 3113124 Personnel Running costs Insurance Light aiid heat Telephone Postage and stationery Sundi'ies Bank charges Rent Legal & Consiiltancy fees Repairs & maintenance Marketing costs Other inotor I travel costs Subscriptions Coinputer maintenance Depreciation of tangible fixed assets 2,482 2,708 2,538 165 2,755 423 ,562 40 2,270 4,173 505 1,366 632 2,700 2,407 1,528 1,776 203 2,038 290 6,432 1,669 72 762 737 31,319 19,853 Governance costs Bookkeeping fees Accountancy fees Board expenses 8,169 4,196 34 5,930 118 12,399 6,048 Total I'esources expended 433,581 246,072 Net (expenditur¢)lincome 37,821) This page does not form part of the statiitory financial stateinents 26