Sticky Fingers Arts (A cornpaTry Ilmtted by gv¥ants4 not havlng a share capttsi) Annual Report and Unaudited Financial Statements for the financial year ended 31 March 2023 John Macmahon & Co Chartèred Accountants and Registered Audltors 112 Camlough R4)ad Newry Co. Dowm BT35 7EE Northern Ireland Company Numb•r: N1044265 Charity Number: 101275 Stlcky Flngers Arts (A company IlmM•d by guarantee. not hovlng a sharn eapitafj CONTENTS Page Reference and Administrative Infomati Trustees, Annual Report Statement of Trustees, Reswnsibilities Indep8ndent Examineffs Report Stalernent of Financial Acfivitses Bala￿e Sheet 10 Noles to the Financial Statements Sticky Flngers Arts IA company by guarantee, nothavwig asharg caplta REFERENCE AND ADMINISTRATIVE INFORMATION Trustees Mr David Hanna Mts. Helenayoung Mrs. Tracey Mcverry (Resigned 9 Marth 20231 Ms. Hilary Good IR6signed 9 March 20231 Company Secrntary m￿ Grainne Powell Charfty Numbor In Northern Ireland 101275 Company Reglstratlon Number N1044255 Reglstered Office and Prin¢ipal Address The Imaginarivm 10 Upper Ettrta￿ Street Ne*tyy Co. Down BT35 6AX Northem I￿land Indopondent Examlner John Mackla￿n & Co Chartered Awuntsnts 112 CamlowJh Road Neylly Co. Down BT35 7EE Northem Ireknd Prlnclpal Bankers Ulster Bank Lrniknj 86 Hill Streel Newry Co. IM BT34 IBT Northem Irdarvj Sticky Fingers Arts IA company limited by guarants& nol havlng a sh¥• capllal) TRUSTEES, ANNUAL REPORT for the financial year ended 31 March 2023 The trustees present their Tru8tees' Annual Report. coffl)ining the Diredors, Report and Trustees, Rèport, and the unaudited financtal statements for Ihe ￿an￿al year ended 31 March 2022. The financial statements are prepared in a￿ordaftCe with the COmpan￿S Act 20f*, FRS 102 The Finan¢Fal 'ReporUng Standard applicable in the UK and RepUb￿C of Irekn(r and Acojunting and Reporting by Charities.. . Siatement of Recommended Practi￿ appIl￿ble to charities p￿paring Ihetr finandal statemenls in accordance wlh the Financial Reporting standa￿ applicable in the UK and RepubliG of Ireland IFRS 1021. The Tnjstsés, Report contalns the information reqvired to be provlded in the Twstee5' Annual Report under th& Slalement of Recommended Pra￿1￿ (SORP) guidelines. The Iruslees ol the c￿npanY are also tharity trustees for the purpose of charity law and under the ￿panY'S constitu￿n aR known aB member5 ofth& board of trustees. In this repurt the trustees of Stlcky Fingers Arts ptesenl a summary of it8 pu￿0$e. governan￿, aGrtivilies, aGhievemenls and finan￿$ for Ihe financial financial year 31 March 2023. The company is a registered tharity and hence the reporl and results ale presented in a fom whi¢h c¢mplies wlh the requlrements ofthe Colnpanies Act 2006. Mission, Objectlve8 and Stratsgy ObJ8ctlvo8 Aims- To advan￿ education and prcmote the arts for the benefit of chkllren, the be￿￿clane$ prfmarily, bul nol exclusiv&ly In Northem Ireland. Advan￿ education and pr￿ole the arts for the b￿fft of the wder community a￿o$S Northern Ireland. Promote and assist otlEr5 in the promotion of educalonal and rEueational prograrnmes desKJned to engage children and the ￿der cJJmmunlty in the arts, and especially those in need as resull of adverse gocial, e(y)nomic geogr8phical or cultural circumstances and Confl￿ as a result of dis&)i'lty or infjThily. Promote and provide quality enVi￿n￿ental arts projects and to provide the opportunity and support for children to take the lead in the developmenf of their ctties aTrJ (xKnrr]unib'es by w0￿1ng with local govemmen( business and the art lo create positive regener8tion of their locxl area by engaging in creative and arts-based adlvlly and events. Fosler Intema1Jonal relationships and children's and young people's ryhts lo promote and lobby for slatulory agencies at all levels and adhere to UNICEF pofKie8. The key aim of the organiialion is to pr(ffiote and provide quality ats and culiuTal experiences and opportunities for .young children and the wider cornmunity. Ensuring our work delivers our aims, objective5 and a¢tivilies each year. ThB review looks at what we achièved and the outcomes of ourwoth in the Previous 12 months. The reV￿W looks at the succe88 of projects and Ihe prQNJ￿m and the outcomes of eath eknent The review also helps us lo ensure our aims. objectives and aGtivil*s are foGused on our ststed purp08e. Compliance with Publi¢ Benefit T￿.e Charity Truslees have had regard to the Charity Commission kn Norfhem Ireland's slatutDry public beneftt guidan￿ to ensure Ihat activities entered into during Ihe year have helFxd lo achieve the charitys aims and objectives as well as providing public benefiL Structhre, Governance and Management Stru¢lurp Stidperiences for Y￿ng children across Northern Ireland. Stid(y FIVJe￿ Y•411 also Continue lo provide a frontline se￿1￿ lo a specific audien￿ Ichildten f￿M O 10 18 years). We will ￿ntInUe lo deliver a Servi￿ that no oltw organi5aknon delivers. pro¥lde a Servi￿ in an area where no other organisatton provides a smlllar servTr. The organi88tion has continued lo provtde a fron14ine Servi￿ to children and young people in the Newry and border area, ensuring that the work special needs groups continued Ihroughout the year uninterruple(l. One lo one support program for chIld￿n wth additional needs, educalK)n initiatives the Centre and wthin 5thooL8' settlngs and aGtivily to support thildren and young people are struggling with mentsl health, development delays or family crisls were delivered in partnership with both health and educaoon agenc4es. Thank￿llY 2022 and 2023 was MO￿ normal with Ihe venue ￿t￿rnIng to operating 81 full capaaty. The reimBged Imaginarium and new extended space has made a considerable difference to the programs that be offered with more space lo delivei rnore and better arts programs for a wider age range. By eady 2023. we ,had completed Ihe remvation of the new lobby and 1h8 additional new f6alur85 whtth brought a comple;ety new Ghapter lo the Imaginarium, indthjlng a sensory fulty inteTadive feature for Ghildtell Df mixed ability- As part of the renovalive work. a new work¥hop was created. 7he Adventure lab. a new arts spa¢e that has doubled the cap8(Aty for both Intsmal and exlemal workshops and has been used by both the Stid(y Fingers artlsllc team and local group810 host a¢Aivities for all ages. The additional new features have cornplimented a new open pL9n k)bby area with an inforrnation desk, box office area and a new dedI￿ted entranc4 to the Imaginarium, allowirwJ ease for fflow of visitors to both the imaginarlum and cafè, The impart of this work, has created greater flexibility in the range of the program8 ￿ ar8 now providing and has opened the do0￿ to many new possibililies In 2022, we ako launched a new youth program, to enyower young peDplg through CJEative activity, RESET 2020 is a thre&year project and has uealed twj new part time positions funded by the national lottery. 2022 was yeor of new opportunity a8 we launched our new strategic pkgn, working al a rool?a level wilhill thB communty, building new parine￿hlpS whi18 also enhanixng existng relationships amss differenl ¢ornmunity sector8. Tre Inlemational Children's feslival relumed ￿th a full prugram and was the first full edlknon sincÈ Covwj where we wel(xJmed intemafional comp8nies baek lo Newry for a magical program of live Ihealre. music, puppety and much rr,ore. A key part of the festival was a One￿aY cross border conference 'lnvlsbk borde￿. on the arts, children and life in the border counties. The Conferen￿ was a stJcLess and brought organizations and professional8 from both sides of the border to join leading cultural leadets, MPS, ML4s and f￿1 government together to explore how colle(*vely Ccrfnmunibes within the bjrder can work together to inspire change through a creative proc*ss. 2022-23 ￿VaS a Su￿8$[U1 year where the organizalh)n bult on exislirwj streNJths and explored rw opportunibe5 10 create new worf( reaching a l￿der aUdier￿e. The charity continues lo be Ihanktul for peoples, wonderful efforts and generosity. Financial Review The results for the financial year are set out on page 9 and additional noles are provided showing inccim8 and expenditure in grealer detail. Income The chaiity had total Income of £381,657 in 2023 compared lo £460.318 li 2022. Expendlthre Durfng the finanaal year £380.490 {2022.'£425.3101 Wds Stent on tharitajle aca1vit￿ts. Finanrial Results At the end of thè finanaal year the company has assets of £230.810 (2022 - £220,801) and liabililvèB of £94,353 (2022- £105,511). The net assets of Ihe ￿)rnpaThy have increased by £21,167. Reserves Posltlon and Pollcy stlcky Flngers Arts IA company limllad by guaranlg•. not having a share capkall TRUSTEES, ANNUAL REPORT for th8 flnanual ear ended 31 March 2023 The reserves pD IGY WdS agreed foll(Jwng an anatysi8 of the following four factors -Forecasts for levels of Income in fijlure years taking into a￿Ount the [e￿.abl1ty of eath sourc£ ol incom8 and thè prospecls for op8nlng up new SoU￿s. -Fore(asts for expeTrdiiure in ￿tUre year8 on the basis of planned actTrvity'. -Analy5is of any future needs, opportunities, ￿ltir¥Jen￿eS or risks, the efkn ofwhith are nol like￿ to be met Dut of incx)me Sf and w￿n they arise. and -Assessment of the likelihood of each Df those needs and risks malerialising and Ihe polentSal consequenTr5 of the charity nol beiry able lo meel th￿. The charitls polcy is lo mainlain a kvel of free reserves meets the needs of the Cha￿ty both at the ourrent time and for the foreseeable future. Free reserves are ils lolal funds exduding fe8lricted funds, designated funds, or incomè fijnds which can only be released by disposing of frAed assets hehj for chartty use. Total resetves al the end of the financial year were £136,457 of which restricted was £54.731 and unrestricted of £81,726. Tru8tee8 The trustees who served throughout the financlal year. excepl as noled, w￿e as fr)Ilows'. Mr Davkl Hanna Mrs. Helena Young Mr5. Tracey Mcverry IRegmJ￿d 9 Marth 20231 Ms. Hilary Good IRe5igneil 9 March 20231 The secretsry 4gho served during the financial year was: Mr5 Grainne Po￿￿11 Compliance wrfh 8ector-Yfide Leglslalion and Standards The company engages prwctNely with legislation, standards and ¢ode$ are developed fDr Ihe seclor. Sticky Fingers Arts subsmbes to and is ¢cffipliant the followi)g: The cOrnpan￿8 Act 2006 The Charities SORP IFRS 1021 Apyruvvd by Board of T￿￿tse5 31 January 2024 and 51gned on Its behalf by: Mr Davld Hanna Trustee sticky Flngers Arts IA company Ilmlted ty guarantso. not havlng a sha￿ capllall STATEMENT OF TRUSTEES. RESPONSIBILITIES for the flnandal yèar ended 31 March 2023 The trustees. who are also direclors of Sticky Flngers Arts lor the purposes ol company law, are responsible for preparing the finan￿8( statements in a(￿rdan(* wlth applicable law and regulations. Company law requires the trustees as the directoTr to prepare finanlial statements for each ffinancaal year. Under that law the trnstees have elecled to prepare the financial statements in actzlrdance with Uniled Kingdom Generally A￿pted Ac￿Unting Practice (United Kingdom Acxx)unbng Standards and applicable law) including FRS 102 'The Finanoal Reporting Standard applicable in Ihe UK arKI Republic of Ireland" Section 1A (Small Entities). Under company law the Irust86s musl not approve the ffinan¢ial stslements unless Ihey are satisfied that they give a true and fair vtew of the stale of affairs of the company and of the suwds or delcit of the company for that period. In preparing these finandal slat￿￿entS. the trustees are required lo: 3elect suitable accounting poliaes and apply them eA)nsislenlly'. make judgements and estimate¥ that are reasonable and pn￿ent stale whether the finandal statements have been prepared Ki att0[dan￿ Mth th8 relevant rin8nc4al ￿porting framework, identify those siandards. and note the effed and the reasons foi any material departure frorn those Standards,. and prepare the financial statements on the going ¢oncem basis unk$5 il is inappropriate to PTe8ume that thé company will ujntinue in operation. The trusiees Confimi thal they have complied the above ￿qu1￿ments in preparing the financaal st21em8nts. The Irustees are wesponsibk for keeping adequate a(xxJunting re(*Jrds thal are suffi￿ent to show and explain the company's transactions and disclose with reasonable accuracy al any limethe ffinancial position of Ihe &)mpany and enable them to ensure that the financial statements (￿mplY wth. They ?Te also responsible for safeguarding the assets of the company and hence for laking reasonable steps for the pr8v6ntlon and detection of fraud and other Irregularilies. ved by the Board of Tn￿leeS on 31 January 2024 and signed on Its behalf by: Mr David Hanna Trustse sticky Flngers Arts IA tompany by guarantse. not havng a share caprtall INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF STICKY FINGERS ARTS We have examined the financial slalements of the company for the finanoal year ended 31 March 2D23, whlch Comprise Ihe Statement of Financial Activities (Incorporating an Incorne and Expenditure AccDuntl, ts Balance Sheet and the related noles. This report is made solely lo the o)rnpanls members, as a body, in a￿darIce W￿th Chapter 3 of P art 16 of the Companies Aci 2006. Our work has been undertaken so that we might ttffiplle ihe )Inanaal ststem Jnts that w& have bèen engaged to compile, report to the Board of Trustees that have done so, and slate those malter8 that we have agreed to state to them in this report and for no other pU￿Ose. To Ihe lullesl extent pemitEed b I law. we do not accept or assume responsibility to anyone other than th8 ccthpany * Ihe c¥)mpanls members, a i a boly. for our work. or for this report. Respective responsibilities ol trustse8 and eXamI￿r The company's trustees (who are also the diredors of the c£ffipany for the Pu￿08eS of ¢ompai ly lax).. are responsible for Ihe preparatlon ol the ffinancial state￿￿nts in ar￿[danc4 wlh the r8quirementS Df Ihè Comwties Act 2006. The company's Iru3tees consider that an audit is not required lor this finantaal year vnder Chapleff 3 of Part 16 of the Companies Act 2006 aThJ that an indepeTKlenl exarnination is requlred. 11 is our re¥pon5ibilily to- examlne the finanaal statements under seCt￿n 65 of the Ch&ities Act follow Ihe prO￿dureS laid dowr by the general Diredions given by the Charity c￿￿mISSion for Northem A*nd under section 65{9llbl of the Charities ALX and state whether particular matter5 have come to our attenli(m. Basis of Independent examln•rf$ rnport We have examined your Gompany fin3naal slatements as r6quiTed under se1x￿n 65 of the Charl￿$ Acl ahdour examination was carried out in accordan￿ wlh the general Directions gNen by the Charity Comrnissw for Norlhem Ireland under secAion 65191(bl ol the Charities AGt. An eXaM￿latiOn indudes a review of the acccwting records kept by the company and a (xjmpatison of Ihe financial slatempnts presented with Ih05e records. 11 also includes consideration of any unusual ilerns or disdosures in the fir.3￿al statements and seeking exp1aT￿lonS from the tmslees conceming any such matters. The procedures undertaken do nol prowde all th& eviden￿ Ihal would be required in an audit and consequenvy no opinion is given a8 to vthelher the accounts present a 'true and falrf view and the report is limited to those m8tters set out in1he s12temenlbelow. In ￿nneCtIon with our examination, no maller has ￿me to OLEr attention gNes us ￿use lo believe that In. any material respe¢L' aw)unting re￿rdS were not W in accordan￿ with se¢lhJn 386 Oft￿ Companles Act 20C6 the finan(yal slatements do not ac£ord wAh Ihose aC￿UntIng r￿rdS the financtal ststements have not bèen prepared In aC£Ordan￿ I￿1h tre acc￿v￿lIng requirements of s&tion 396 of the Companies Act 2006 and with the Meth￿￿$ and princip￿5 01 the Ststement of Reccmmended Practice applicable to Charities P￿paring their a￿Unts in a(xy)rdance ￿th Ihe F￿an￿al R&portin9 Standard applicable in the UK and Rep￿blIC of Ireland (FRS102) there is ft5rther infornation needed for a prDper understsNJing ofts arLounts to be reached. Inde￿ndent examlner's statement We have no con¢ems and have come across no Dlher rnatte￿ in ￿nned.￿ with the exarninalion to whith attention should be drawn in this ￿ptsrt i rder to enable a proper understanding olthe financ4al ststements to bo reached. JOHN MACPaAHON & CO Chartered Awjunlants and Reoistered Auditors 112 Camlough Road Newry Co. Down BT35 7EE Northem Ireland Date: 31 January 2024 sticky Fingers Arts IA ¢ompary limited by guarantoo. nol hwving a sharg capkal) STATEMENT OF FINANCIAL ACTIVITIES Ilncorporatlng an Incon* and Exp8ndliure A¢¢ount) for the finanaal year ended 31 Mar(* 2023 Unrestrlcted Restricted Funds Funds 2023 2023 Totsl Unrestricted Restricted Funds Fund5 Funds 2023 2022 2022 Total Funds 2022 Notes Incomlng Resources Voluntary In￿me Charitable actlvllles other income 273,787 273,787 106,070 1,800 213,945 101,188 1,800 213,945 244,573 1,800 106,070 143.385 1,81YJ Total incomlng resources 106,070 275,587 381.6FI 143,385 316,933 460,318 Resources Expended Charftable activities 75.346 285,144 360,490 ,678 328,632 425.310 Net Incomlngloutgolng resources before transfer8 30,724 (9,557 21,167 46,707 111,699) 35,008 Gross transfers btheen funds Net movement In fund8 for the finan¢lo1 year 30,724 (9,$5T 21.187 46,707 111,6991 35.008 Reconciliation of funds: Total lund8 beginning ofth& year 51,002 64.288 115,290 4,295 75.987 8D,2B2 Total fvnd$ at the end of the year 81.726 54.731 136,467 51.002 64,288 115,290 The Statement of Financ4al ActiV￿.eS indudes all gains and losses recognised in th8 financial year. All In¢ome and expenditure relate to ￿ntinUi￿ activit￿8. nDf8s on p3ge8 11 to 18 fonn part of Ihe knnrAal slaterYth5 Sticky Fingers Arts IA company limlted by guaranl¢e. not hHving a sharg capEtafj Company Numbor.. N1044255 BALANCE SHEET as al 31 March 2023 2023 2022 Notes Flxed Assets Tangible assets 11 215,259 186,090 Current Assets Oeblors Cash and equlvalenls 12 15,000 $51 34.711 15,651 34,711 Credltors: Amounts falling due within one year 13 139,1861 136,560) Net Current LlabllMI•s 123,634} 11,849) Tolal Assets less Cu￿&￿t Liabllttle8 191,626 184,241 CredltOES Amounts falling due aft6r more Ihan one year 14 113,7681 25,7511 Grants rÈc8tvable 16 141,400) 143.200 Totsl Net Assets 136A57 115,290 Funds ReslrieAed fvnds General fund lunrestrict&Jl 54.731 61,726 64.288 51,002 Total fund5 136,457 115,290 These finandal statements have been prepared in accordan￿ wilh the specaal provisions relating to small companies within Part 15 of the Companies Act 2006. For Ihe financial year ended 31 March 2023 the company was entitled lo exemption from audit under section 477 of the Companies Act 20C6', and no no11￿ has been deposited under sectton 476. The trustees confim that the members have not required the company to obtain an audil of Its finandal statements for the finan(xal year In queslion in accordan￿ with section 476 of Ihe Companies Act 20￿. The Iru8tees ad(nowledge their responsibililies for ensuring Ih8t the u)mpany keeps accounting rec£Jrds which comply with section 386 and for preparing financial statements which give a Irue and fair view of slate of affairs Df the company a5 al the end of the finan(481 year and of rfs profit and loss for the finanual year in aC￿rdan￿ wlh the requirements of sections 394 and 395 and v4hrch otherwise comply with the requirements of the Companies Act 2006 relal:'ng to finanoyal statemenls, so far a8 applitsble to the ￿npany. The finanaal staternents have been prepared in au￿rdance wllh the prDvEions applicable lo companies subject to the small companies, regime and in accordance wtth FRS 102 Yhe Financial Reportlng Standard applicable in the UK and Rapublic ol Ireland,, applying Section 1A ol Ihal Standard. Approved by the Board of Trustees and auth0ri5ed for issue on 31 January 2024 and slgned on Its behalf by Mr David Hanna Trustee not8$ Dn pages 11 to 18 fomi part of the thancia Stalen￿ts 10 stlcky Flngers Arts compfjny Ilmlted by guarantse, not havlng asharè capttaD NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2023 GENERAL INFORMATION Sticky Fingers Arts is a private cxjmpany limited by guaranlee incorporated in Northem Ireland. The regislered office of the company is The ImaginaTium, 10 UppeT Edward Street, Newry, Co. Down, BT35 6AX, Northem IreEand which is also the prinapal pl￿ of business of the company The finaneAal statements have been presented in Pound Sterfing {£) whlth is also the fijnctional ￿￿rencY ofthe ￿rnpany. The ffinandal ststements Cover the indfvldual entity Slid(y Fingers Arts for the year ended 31 March 2023. The Charity is a public entity. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The foll0v￿n￿ accounting polic4es have been applied ¢onsislenty in dealing wilh items which are consklered material in relation to the charity's finanraal statements. Basi8 of preparation The finan￿al stslements have be@n prepared on the going CAMcern basis under the hlslorical cost Convention, modifRd to include ￿rtain iterns al fair value. The finan￿al statetrEnls have been prepared in a(tordance with the Statement of Re¢(￿mended Pradice ISORPI 120191 'A￿UntIng and Reporting by Charities preparing their accounts in a(xx)rdance wlh th6 Finanaal Reporfin9 Standard applic2ble in the UK and Republic of Ireland FRS 102", applyivJ Sedion 1A of Ihal Standard. Statement of compliance The finanryal slatements of the company for the finanaal year 31 Mard) 2023 have been prepared on the golng ojncem basis and In accordance wilh the Statement of Recommended practi￿ ISORPI 'AGGounling and Reporting by Charities preparing their a￿OUnts in accA)rdance with the Financaal Reporting Standard appli¢able in the UK and RepubliG of Ireland FRS 102" applying Section 1A of Ihat standard. Fund accounting The following are the rategori8e8 of funds m8iErf8in8d" Restrlcted fund8 Restdcted funds represent income re￿1V&1 vthich can only be used for particxlar purposes, as specified by Ihe don0￿. Such purposes are within the overall objectives of the company. Unvestricted funds General funds are unrest[￿ted fiANls vthich are availabl8 for use at the discretion of the TNsleeE in furtherance of the general objerbves vf the cornpany and wh** have not been design8led for other purp¢)ses. Incomlng R#sourcos Volunlary income or ￿pital is included the Slaletnent of Financial Activities when Ihe ￿MpanY is legally entitled to it, it8 finanual value can be quanlified reasonable ￿rtaInty and there is reasonable cErtainty of its ultimate re￿ipl. Enlillement to legacies is considered eSta￿lSh￿d when the company has been notified of a distribution to be m3de by the exe¢uiors. In￿me re￿ived in advan￿ of due perf0mlan￿ under contract is accounted for as deferrejj in(Y)me until eamed. Grants for activities are recognised as income when Ihe related conditions for kgal entitlement have been m8t All other income is a[￿o￿nted for on an accruals basis. Income from charttable acttvtties In￿me from chantable adivtiie3 indude illGDrne eamed from the suppty of servic£8 under contractual arrangements and from perfomiance related grants Y4hich have Cond￿On5 that spe￿fy the provision of particular services to be provided by the ctNnpany. Income frorn govemment and other co-funders is recDgnised when the cvmp.any is legally entitled lo the income because il is fulfilling the conditions ￿ntained in the related fundirKJ ag￿eMents. Where a grant is received in advan￿, its reo)gnttion is deferred and included in creditors. Vthere entitlement ottuts before income is recerrfed, li is amed in debtors. Grants f￿rn governments and other cfrfunders typiczlty include one Dfthe followng ty[￿5 of Ix)nditions.' - Performance based conditions.. whereby the C4)mpany is contradu811y entitled to funding only to th@ &xient that Ihe core obje¢lfves of the granl agreemenl are achieved. Where the c(*npany is meeting Ihe corE objectives of a giant agreèm6nl. it recognises Ihe relaled eXpe￿jIture, lo the extenl that it is relmbursable by 11 Sticky Fingers Arts IA company Ilmiled by guarnntee, not ha¥kng a share ¢wttaD NOTES TO THE FINANCIAL STATEMENTS continued for the finanaal ye8r ended 31 Marth 2023 Itte donor, as inojme. -Time based conditions.. whereby the company is C£+ntractU8lly entitled to fundlng on thè condition Ihalll is ul111s￿ In a partlcular period. In these cases the company re¢cgnBes the In￿rne to the ext8nt it is utilised ¥￿thIn the period specified in the agreement. In the absen￿ of guch conditEons, assunmng that re￿Ipl is probabk and the Bmount can be reliably mea8urad, grant income is recognised once the (¥Jmpany is nollfied of eniillement. Grants re￿iVed towa￿$ ￿pital expeT￿lI￿2 are ￿ed1￿ lo the Stalemenl of Finanraal Activities wh6n re￿IVed or reeENable, whithever Is earti8r. Going Concern Al the date of approvlng the finanaal statements, Ihe trustees have a re8s0nable expe(Xalion thal the charity has 8dequate resou￿5 to continue in operalional existence for fhè foresèeable fijlure. Tangible fixed assets and depreciatK)n Tangible fixed assets are slated al cost or at valuation. 18ss accumulated depredalnn. The charge to depreciatlon is calculated lo write off the original cost or valuation of lan9ible r￿ed assets. kss their estimated residual valu8, over thelr expected usefjjl lives as follows.. Plant and mathinery Flxiures. fittings and equipment 4Yo Strapjhl line 20% Slraighl line Leaslng R6ntais payable under operating leases a￿ dealt Ythh in the incorTE and expenditure a[￿O￿nI as incurr8d over the period of the rental agreement. Debtors Debtors are r&c£gnised at the settlement amunt due after any dbLx*unt offered. Prepayments are valued at the amount Prepaid net of any trade di￿OU￿ts due. Income rec&3nised by the CA)mpany from government agenaes and ofher Gcpfundet5, bui not yet ￿e*l¥¢d at year end, ig inclLthd in debtors. Credllors Cre(Silor5 and provisions are recognised where the charity ha9 a present oblbJation rfrsuliing from a past event, whi(* will probably tesult in the transfer of economic value to a thinl party, and the amount due to settle the obivJalion can be reliably measured or estimaled. Creditors and provisiDn5 are no￿allY reo)gnised at their settlement amount after allowing for any Irade di3counts due and at their present value where the time value of money is deemed svJnificant. Funds al￿adY ￿￿1ved from government agenc4es and other ofrfourKlers thai do not meel the criteria for reixyJnilion as ￿￿rne. are shawn in creditors. Cash 3¢ ballk and in hand Cash al bank and in haThJ enmprises rAsh on deposit at banks requirfng le55 than three months nDtice of Ihdrawal. Taxallon No currenl or defened laxation arises as the cAmipany has been granted tharitable exempt'on. IrrecDverable valued added tax is expensed as incurred. The charity is a registered charity, and as Such 15 enlitled to certain tsx exemptions on incx)me and profrts trom inveslmenls and surpluses on any trading a(li¥ities Ca￿led out in Ihe fvrtheranct of Ihe charity's primary objectives, if these proffts and surpluses are appl￿1 solely for dwitable purposes. The charity is not r6gistered for VAT and, accordingly. all their expen(rrture is inclusive of any VAT incJJrred. Pemlons The c(rfnpany operates a defin￿ 03ntribution pe￿iOn scheme for employees. The assets of the sctheme are held 8eparatety from those of the Company. Amnual contributions payable lo Ihe company's pension scheme are ¢harged lo the income and expenditure ￿￿nI in the p6riod to which they reL8te SIGNIFIGANT ACCOUNTING JUDGEMETrifs AND KEY SOURCES OF ESTIMATION UNCERTAii¥rY In the appficalion of the Charrty's accounling poliaes, the Trustees are required lo make I￿1gementS, estimates and a$sumptKJns about Ihe carryiThJ amount of assets and Ilabilities that are Thol readily apparent 12 Sticky Fingers Arts IA company lknltgd by not havlng a 8harg cap*al) NOTES TO THE FINANCIAL STATEMENTS )nllnued for the financial year ended 31 MarGh 2023 from other Sour￿$. The estimates and associated assumption$ are based on historical experienc8 and Dlher factOfS that are considered to be relevanl. Actual results may differ from these eglimales. The estlmales and urhletlying assurWion5 are reviewed on an orwing basis. Revi8ions to aGcounling estimates are recognised in the period in which the estimate is revised where Ihe revisK)n affects onty that period, or in the period of the revisK)n and future periods where the revision affects both current and future periods. Depreuation and amortisatv)n The trustees excerase judgement in the dete￿inatsn of the vsefvl economic lives residual value8 of all dasses of tsed agsets. These assets are then depreciated over Iheir useful eo)nornic INes to their resKlual valve. INCOME DONATIONS AND LEGACIE8 Unrestrf¢tsd Restkl¢ted Funds Funds 2023 2022 ACNI Newry Moume & Down Digtricl Council BBC Children in Need Foyle Foundation other 131,319 47,397 23,600 18.000 53871 131,319 47,397 23,600 18,000 63,471 132,179 9,900 9,900 61,966 273,787 273,787 213,945 CHARITABLE ACTivmES Ullrestricted Restricted Funds Funds 2023 2022 Eamd Income Goyemment Grants 106,070 106,070 143,385 101,188 106,070 106,070 244,573 OTHER INCOME Unrestrfcted Restricted Funds Funds 2023 2022 Other Incoming reSoU￿S 1,800 1,800 1,800 EXPENDrtURE CHARITABLE AcnvmES Direct Costs Other Costs Support Costs 2023 2D22 Operation of theatre and arts centre Govemance Costs Art House ProdudiDns Depre￿ation 140,333 39,585 2,650 99.678 31,127 14,083 171,460 71,600 2,660 99,678 15,102 169,167 88,243 3,11XI 146,314 18,486 17.932 1S.102 282,246 60,312 17,932 360,490 425,310 13 stlcky Flngers Arts IA company lknltod by guarants4 not havkng a 5haTecapllall NOTES TO THE FINANCIAL STATEMENTS continued for the ffnandal year ended 31 March 2023 SUPPORT COSTS Charitsbl? ActIv￿l•S 2023 2022 Rates Insuranc Light & Heat Telephone Legal and other profe85ional fee8 General offirE 596 4.163 10,089 2,096 664 324 596 4,163 10.089 2,D96 664 324 216 4,868 4,473 2.713 17,932 17,932 12,270 ANALYSIS OF SUPPORT COSTS 2023 2022 Rates Insuran¢e Light & Heat Telephone Legal and other professional fees General office S96 4,163 10,OB9 2.096 216 4,868 4,473 2,713 324 17.932 12.270 NET INCOMING RESOURCES 2023 2022 Net Incomlng Ro8our¢&g ar• stated after charyWl¢Yedlllngl: Deprettiation of tangible assets Operating lease rentals - Motor vehides Independent Examinerfs remuneration-. - independent examination SeNi￿S AMorfSsa￿0n of grants re￿1Vab[e 15,102 18,486 4,836 4.433 5.113 (1,8001 2,513 I1.￿0} INVESTMENT AND OTHER INCOME 2023 2022 Amoriisation of capital grants received 1,800 1,800 IKTEREST PAYABLE AND SIMILAR CHARGE8 2023 2022 On bank loans and overdrafts 2,129 14 stlcky Flngers Arts IA company Ilmltod by guarantw not havltvja sharn cawtsl) NOTES TO THE FINANCIAL STATEMENTS ntinued for the financial year ended 31 March 2023 10. EMPLOYEES AND REMUNERATK)N Number of employees The average number of petSODS emplopj fincluding executive tru*esl (kthng the financial year was: 2023 Number 2022 Number Employees 11 10 Tha staff cijsts comprise.. 2023 2022 Wages and salaries Soaal seujrity costs Pension costs 133.336 6,383 2,650 133,117 11,782 3,100 141.368 147,999 None of the individua15 employed by the ch8rriy earn a yearfy salary above £60,0(￿. The lotal amount of employee benefjts recer¥ed by key managemerrt pev50nnel is £48,300. 11. TANGIBLE FIXED ASSErs Plant arnl Flxtur6s, machlnery ffttlngs and equlpment Total Cost Al 1 April 2022 Additions 166,745 1PA,326 44,271 351,071 44,271 At 31 March 2023 166,745 228,597 395.342 Deprectation At 1 Aplll 2022 Charge for the financlal year 42,230 8,275 122,751 6,827 164,981 15,102 At 31 March 2023 50,505 129,578 180,083 Not book value Al 31 March 2023 116.240 99,019 215,269 At 31 March 2022 124.515 61,575 186.090 12. DEBTORS 2023 2022 Prepayments and a{X￿ed in[￿Me 15,000 Sticky Fingers Arts (A company limited by guarant¥ nol havlng a sharo caphall NOTES TO THE FINANCIAL STATEMENTS continued for the finanrjal year ended 31 March 2023 13. CREDITOR8 Amounts falling du8 Wfthin one year 2023 2022 Bank ov6rdrafts Bank loan Trade cralilors TaxatKin and soeial se¢urily co$15 Other crediior8 Acc•Jals and deferred income.. Pension accrual Other accruals 1,607 12,636 12,636 5,884 8,902 4,285 15,201 4,893 248 4,700 153 4,700 39,185 36,560 14. CREDITORS Amounts falling due after more than one year 2023 2022 Bank loan 13,768 25,751 Repayab￿ in one year or less, or on demand (Nots 13) Repayable between one and Iwo yea Repayable b8lwe8n two and five years 14,143 13,498 270 12,636 14,725 11.026 27.911 38,387 The total Secur￿ liabilltres as at 31 March 2023 are £27,911 (2022:£38,3871. The Bank hold a fixed and ffloating tharge over propety and a negatNe pkdge. 15. PENSION COSTS - DEFINED CONTRIBUTKJN The company operates a defined ￿ntntr￿jtffi pension sthen%. The assets of the SGheme are he5d separatsly from those ol the company in an independenlly admbi+stered fund. Pen￿on costs amounted to £2,650 (2022 - £3,100). At the balance sheet date Ihere was an outsIan(li￿3 Ilabitly of £248 {2022.'£153} due to the fvnd, this is induded in QEditors amounts falling due within one year. 16. GRANf8 RECEIVABLE 2023 2022 Capltal grants recelved and recelvabl& At 1 Apdl 2022 48,077 48,077 Arnortlsation Al 1 April 2022 Amorbsed in financial year 14,8771 11,8001 13,077} 11,8001 Al 31 Mar(* 2023 16,6771 14,8771 Net book value At 31 March 2023 41,400 43,200 At1 April 2022 43,200 45,000 16 stlcky Flngers Arts IA cornpmy Ilmknd ty guarantsa, not havlng a sharn ￿pita￿ NOTES TO THE FINANCIAL STATEMENTS rAnlinued lor Ihe ffinancial yearended 31 March 2023 17. RESERVES 2023 2022 Althe beginnlng of the year Surplus forthe finanoaS year 145,290 21,167 8Q,282 35,008 Atlhe end ofthe year 136,457 115,290 FUNDS 18.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestrictsd Re8tri¢ted Funds Funds Tolal Funds Ai1 Awl 2021 Moyement during the ffinanGial year 4,295 46,707 75.987 (11,6991 80,282 35.008 Al 31 M8rch 2022 Movement during the financial year 51,002 30,724 64.288 19,5571 11 S,290 21,167 At 31 Plard) 2023 81,726 54,731 136,457 18.2 ANALYSIS OF MOvEME￿r3 ON FUNDS Balance 1 Aprfl 2022 Incomè Ex￿nd[lure Transfers beiween ftJnd$ Balance 31 March 2023 R¢sthct¢d lunds Restricted fijnrls LJnre5trict8d funds Unreslricted funds 64.288 275.587 285.144 54,731 51,(M)2 106,070 75,346 81,726 Tolal funds 115,290 381,657 360.490 136fv67 18.3 ANALYSIS OF NET ASSEfs BY FUND Fixed assets -charity use Current Current Long4erni Long-t6rn1 a55ets liab51itle8 Ilabllltl&$ defer￿d Income Total Restr￿ funds 83.889 15,000 141,4001 57,489 un￿striCted general funds 131,370 551 (39,185) 113,768) 78,968 215259 15￿1 {39,185) 113,768) 141,4001 136,457 17 Sticky Fingers Arts IA company limited by guarantee, not havlng a share capSlall NOTES TO THE FINANCIAL STATEMENTS continued for the finanaal year ended 31 March 2023 19. STATUS The company is limrted by guarantee not having a share capital. The liability of the members Is l#nlted. Ev8ry member of the company underlakes to contribule to the assels of the cLrfnpany in the event of its belng wound up while they are members. or within one year thereaftei. for the paynenl of the debts and liabilrtie8 of the company contraGted before they ceased to be rnemb6rs and the ￿ts, charges and expenses of winding up, and for the adjusttnenl of the rights of the wnlrilxj1￿ among themselves, such amount as may be requiTed. not exc£eding £ 1. 20. TRUSTEES. REMUNERATION The trustees dld not rec8ive a remuneratim during the fmancial year. T1￿ trustees did not have any expenses reimbuTSed during the finan(#al year. 21. RELATED PARTY TRANSACTIONS No trustees or other pe￿on related to th8 charity had any personal Inierest in any contrad or Irarisaction enlered into by the ch8rity during the financial year. 18