Sticky Fingers Arts IA company limited by guarantee, not having a share capltsll TRUSTEES, ANNUAL REPORT for the financial year ended 31 March 2024 The Iiuslees present their Trustee5' Annual Report. combining the Directors. Report and Trustees. Report. and the unaudited financial statements for the financial year ended 31 Maich 2024. The financial statements are prepared in accordance with the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicab in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities Pfeparing their financial statements in accordanc£ with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. The Trustees. Report contains the information required lo be provided in the Trustees, Annual Report under the Statement of Recommended Practi ISORPI guidelines. The Iruslees of the company are also Charity Iruslees for the purpose of charity law and under the company's constitution are known as members of the board of Iruslees. In this report the trLtstees of Sticky Fingers Arts present a summary of its purpose, governan, activities, achievements and finances for the financial financial year 31 Mar¢h 2024. The company 15 a registered charity and hence the port and iesults a presented in a fomi which complies with the requirements of the Companie5 Act 2006. Mission, Objectivos and Strategy Objectives Aims- - To advance educab.on and promote the art5 for the benefft of children. the beneficiaries primarily, but not exclusively in Northern Ireland. - Advan education and promote the arts for the benefit of the wider community across Northern Ireland. Promote and assist others in the promotion of educational and recreational programmes designed to engage children and the wider community in the arts, and especially those in need as result of adverse social, economic geographical or cultural circumstsnces and conflict as a sU11 of disability or infirmity. Promote and provide quality environmental arts projects and lo provide the opportunrty and support for children lo lake the lead in the development of their citie5 and communitie5 by working with local governmer5t, business and the art to create positive regeneration of their local area by engaging in creative and arts-based a¢tivity and events. Foster international relationships and children's and young people's rights to promote and lobby for 51atulory agenaes at all levels and adhere lo UNICEF policies. The key aim of the organvzation is to promote and provide qualty arts and cultural experiences and opportunities for young children and the wider community. Ensuring our work delivers our aims, objectives and activf(ies each yeai. This review IDoks at what we achieved and the outGomes of our work in the previous 12 months. The review looks al the success of projects and the program and the outcomes of each element. The review also helps us to ensure our aims, objectives and activities are focused on our ststed purpose. Compliance with Public Benefit The Charty Trustee5 have had regard to the Charity Commission frjr Northern Ireland's slalutory public benefit guidan lo ensure th21 activil*s entered into during the year have helped lo achieve the charitys aims and objectives as well as provhling public benefft. structure, Governance and Managemont Structure Sticky Fingers Arts has a Board of Trustees not less than 2. All strategic and operational management decisions are the responsibility of the trustees. Govefnance Sticky Fingers Arts is a private company lim¥ted by guarantee and does not have share capitsl. 11 is governed by memorandum and articles of assoaalion. Appointment of Trustee5 The Trustees of Ihe company are also charity trustees for the purposes of charity law. Under the requirements of the Memorandum and Articles of Association the trustees are elected to serve for a perii)d from one Annual General Meeting to the next. Review of Activities, Achievements and Performance Sticky Fingeis Arts are now an established children's arts organisalion wrth a reputation for producing and creating hHJh quality professional arts projeds locally. nationally and inlernalionally. During the financial year ended 31st March 2024, the organisalion eXperIend a change in the funding offered which
sticky Fingers Arts IA company limitod by guarante•, not having a $hare capital) TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2024 resulted in the organisalion taking b'me to regroup and carefully devise a new strategic way forward. The organisation made a decision to take time out from the normal programming to carry out community consLJltations and explore how the organisation can continue to grow with clear and concise priorities and vision for the future. The year was very productive as new partnerships We established with a renewed focus on the income generated through the social enterprise element of the organisation, working towards becoming self-sufficient and less reliant on Govemment Funding. Although the income during the financial year was considerably less Ihan previous years, due lo a reduction in prograrnming costs. the organisation took this time to focus on creating a new plan for 2025-2030 and spent less time fundraising and on service delivery. 2023-24 provided essential space and time to evaluate the work to date and develop new ways of worf(ing', setting new targets and developing a new plan to take the organisation forward, building on the success of the organisation lo date and preparing for the next chapter. Sticky fingers continues lo create and provide quality. age appropriate arts, cultural and creative play experiences for young children across Northern Ireland and the border counties. Slicky Fingers will also continue to provide a frontline service lo a specific audien (children from O to 18 years}. We will continue to deliver a service that no other organisation delivers and provides a Servi in an area where no other organisation provides a similar service. We will build on the success of the Imaginarium as it continues to grow, attracting more visitors and offering more activities and services at a regional level. The organisation has continued to provide a front-liné s&rvice to children and young people in the Newry and border area. ensuring that the work with special needs groups continued throughout the year uninterrupted. During the financial year, the charity continued to provide one lo one support programs and education initiatives for children with additional needs. both in the Centre and within school setting5. These activities aim to support children and young people who are struggling with mental health, developmenl delays or family crisis". they were delivered in partnership with both health and education agencies. The board wish to convey their sincere thanks to all who contributed their wonderful efforts and generosity to the organisation. Flnanclal Revlew The results for the financial year are set out on page 9 and additional notes are provided showing income and expenditure in greater detail. Income The charity had total income of £200,160 in 2024 compared to £381,657 in 2023. Expendlture During the financial year £219,163 {2023'. £360,490) was spent on charitable activitses. Flnanclal Results At the end of the financial year the company has assets of £194,190 (2023 - £230.8101 and liabilities of £76,736 12023 - £94,353). The net assets of the company have decreased by £119,003). Reserves Position and Policy The reserves policy was agreed following an analysis of the following four factors -Forecasts for levels of income in future years taking into account the reliability of each source of InMe and the prospects for opening up new SoUrs. -Forecasts for expenditure in future years on the basis of planned activity.. -Analysis of any future needs, opportunities, contingencies or risks, thè effects of which are not likely to be met out of income if and when they arise.. and -Assessment of the likelihood of each of those needs and risks materialising and the potential consequences of the charity not being ab16 to méat them. The charity's policy is to maintain a level of free reserves which meets the needs of the Charrty both at the current time and for the foreseeable future. Free reserves are its total funds excluding restricted funds, designated funds, or income funds which can only be released by disposing of fixed assets held for charity use. Total reserves at the end of the financial year were £117,454 of which restricted was £57,662 and unrestricted of £59,792.
Sticky Fingers Arts IA company limited by guarantee, rjot having a sha capitat> TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2024 Trustees The trustees who served throughout the financial year. eXpt as noted, We as follow5". David Hanna Helena Young Alifie Magill (Appointed 16 September 2023) stephen Anthony Mcclelland (Appointed 14 December 20231 Calhal King (Appointed 14 December 2023} Brian Cleland (Appointed 14 Dember 20231 TraY Caroline Crossan (Appointed 16 September 2023, Resigned 10 Dember 20241 Daniel Gebski (Appointed 14 December 20231 Anne Marie McGourty {Appointed 14 December 2023) The secretaries who served duiing the financial year were.. Helena Young (Appointed 14 Dember 20231 Grainne Powell (Resigned 14 December 2023) Compliance with Sector-wide Legisfation and Standards The rnpany engages PTO-aclThiely with legislation. standards and codes which ale developed for the sector. Sticky Fingers Arts subscribes lo and is c#)mplianl with the following.. The Companies Act 2006 The Charities SORP (FRS 1021 Approved by the Board of Trustees on 28 January 2025 and signed on its behalf by- Davld Hanna Trustee