Sticky Fingers Arts IA company limited by guarantee, not having a shar• capital) Annual Report and Unaudited Financial Statements for the financial year ended 31 March 2025 John Macmahon & Co Chartered Accountants and Registered Audltors 112 Camlough Road Newry Co. Down BT35 7EE Northern Ireland Company Number: N1044255 Charity Number.. 101275
Sticky Fingers Arts IA company limited by guarantse. not having a Share capitsll CONTENTS Page Reference and Administrative Information Trustees, Annual Report Statement of Trustees. Responsibilities Independent Examiner's Report Statement of Financial Activities Balance Sheet 10 Notes to the Financial Statements
Sticky Fingers Arts IA company limited by guaTant&a. not having a share capital) REFERENCE AND ADMINISTRATIVE INFORMATION Trustees David Hanna Helena Young Stephen Anthony Mcclelland (Resigned 20 May 2025) Alifie Magill (Resigned 20 May 20251 TraTry Caroline Crossan (Resigned 10 December 20241 Daniel Gebski (Resigned 25 August 2025) Brian Cleland Anne Marie McGourty Cathal King Company Secretary Helena Young Charity Number in Northern Ireland 101275 Company Registration Number N1044255 Registered Office and Principal Add$ The Imaginarium 10 Upper Edward Street Newry Co. Down BT35 6AX Northern Ireland Independent Examiner John Macmahon & Co Chartered Accountants 112 Camlough Road Newry Co. Down BT35 7EE Northem Ireland Prtnclpal Bankers Ulster Bank Limited 86 Hill Street Newry Co. Down BT34 1 BT Narthern Ireland
Sticky Fingers Arts IA company limited by guarantee, not having a shar8 capitall TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2025 The Irustees present their Trustees, Annual Report. combining the Directors, Report and Trustees, Report, and the unaudited financial statements for the financial year ended 31 March 2025. The financial statements are prepared in accordance with the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities. statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}. The Trustees, Report contains the information required to be provided in the Trustees, Annual Report under the Statement of Recommended Practi ISORPI guidelines. The trustees of the company are also charity trustees for the purpose of charity law and under the company's constitution are known as members of the board of trustees. In this report the trustees of Sticky Fingers Arts present a summary of its purpose. g0veman, activities, achievements and finances for the financial financial year 31 March 2025. The company is a registered charity and hence the report and results are presented in a form which complies with the requirements of the Companies Act 2006. Prlncipal Activity The principle activity of the company is the entertainment of children through arts and crafts. Mission. Objectives and Strategy Objectives Aims- To advance education and promote the arts for the benefil of children, the beneficiaries primarily, but not exclusively in Northern Ireland. - Advance education and promote the arts for the benefit of Ihe wider community across Northern Ireland. Promote and assisl others in the promotion of educational and recreational programmes designed to engage children and the wider community in Ihe arts, and especially those in need as result of adverse social, economic geographical or cultural circUmstanS and conflict as a result of disability or infirmity. Promote and provide quality er)vironmental arts projects and to provide the opportunity and support for children to take the lead in the development of their cities and communities by working with local government, business and the art to create positive regeneration of their local area by engaging in creative and arts-based activity and events. Foster international relationships and children's and young people's rights to promote and lobby for statutory agencies at all levels and adhere to UNICEF policies. The key aim of the organizalion is to promote and provide quality arts and cultural experience5 and opportunities for young children and the wider community. Ensuring our work delivers our aims, objectives and activities each year. This review looks at what we achieved and the outcomes of our work in the previous 12 months. The review looks at the success of projects and the program and the outcomes of each element. The review also helps us lo ensure our aims, objectives and activities are focused on our stated purpose. Compliance with Public Benefit The Charity Trustees have had regard to the Charty Commission for Northern Ireland's statutory public benefit guidance to ensure that aclivilies entered into during the year have helped to achieve the charitys aims and objectives 88 well as providing public benefit. Structure. Governance and Management 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. Governance Sticky Fingers Arts is a private company limited by guarantee and does not have share capital. It is governed by a memorandum and articles ol associalion. Appointment of Trustees The Trustees of the company are also charity trustees for the purposes of charity law. Under the requirements of the Memorandum and Arbcles of Association the trustees are elected to serve for a period from one Annual General Meeting to the next_ Review of Achievements and Performance sticky Fingers Arts are now an established children's arts organisalion with a reputation for produc4ng and creating
Sticky Fingers Arts IA company limited by guarantee. not having a share capital) TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2025 high quality professional arts projects locally. nationally and intemationally. During the financial year ended 31 March 2025. the organisation has strengthened with the introduction of several new projects across a number of sectors, lo provide a more robust community program and ensure that each project is fully accessible and inclusive lo children of all abilities. The year was very productive as new partnerships were 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 Government Funding. In the financial year ended 31 March 2025 the organisation established a dedicated Special Educational Needs ISENI program within the centre. providing children with complex needs and disabilities a nurturing learning program to suit their individual needs. A cross border partnership was also established with the Museum of Children Ireland to create new opportunities and expand our services across border counties. The launch of a new cross border Children's Arts Festival Féle Na Dralochta was built on the success of the Sticky Fingers Arts International Children's Festival. enabling the organisation to expand the programme across border counties, Wlth support from Louth County Counal and Arts Council Ireland. The organisation has continued lo pioneer new approaches for children's arts and play development. leading the way on advocating for policy reform and playing an essential role in the development of children. Sticky Fingers Arts continues to create and provide quality, age appropriate arts, cultural and creative play experiences for young children across Northern Ireland and the border counties. Sticky Fingers Arts wll a150 continue lo provide a frontline service to a specific aLjdIen Ichildren from O to 18 years). We will continue to deliver a service that no other organisation delivers and provide a service 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. attractsng more visitors and offering more activities and seNices al a iegional level. The organisation has continued to provide a front~line service lo 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 to one support programs and education initiatives for children with additional needs. both in the Centre and within school settings. These activities aim to support children and young people who are struggling with mental health, development delays or family crisis. They were delivered in partnership with both health and education agencies. The board wish to convey theii sincere thanks to all who contributed their wonderful efforts and generosity to Ihe organisation. Financial Review 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 £250.931 in 2025 compared to £200,160 in 2024. Expenditure During the financial year £265,91012024'. £219,163) was spent on charitable activities. Financial Results At the end of the fsnancial year the company has assets of £168.323 12024 - £194,190} and liabilities of £65,848 (2024 - £76,7361- The net assets of the company have decreased by £114,979). Reserves Position and Policy Reserves 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 income and the prospects for opening up new sources. -Forecasts for expenditure in future years on the basis of planned activity., -Analysis of any future needs, opportunities, contingencies or risks, the effects of which are not likely to be met out ol income if and when they arise., and -Assessment of the likelihood of each of Ihose needs and risks materialising and Ihe potential consequences of the charity not being able to meet them. The charity's policy is to maintain a level of free reserves which meets the needs of the Charity 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 85sets held for charity use. Total reserves at the end of the financial year were £102,475 of which restricted was £28,031 and unrestricted of £74,444.
Sticky Fingers Arts IA company limited by guarantee. not having a sharg capital) TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2025 Trustees The trustees who served throughout the financial year, except as noted, were as follows.. David Hanna Helena Young Stephen Anthony Mcclelland (Resigned 20 May 20251 Alifie Magill (Resigned 20 May 20251 Tracey Caroline Crossan {Resigned 10 Dember 2024) Daniel Gebski (Resigned 25 August 20251 Brian Cleland Anne Marie McGouty Cathal King The secretary who served during the financial year was.. Helena Young Compliance Wth Sector-wide Legislatlon and Standards The company engages pro-actively with legislation. standards and codes which are developed for the sector. Sticky Fingers Arts subscribes to and 15 compliant with the following.. The Companies Act 2006 The Charities SORP IFRS 1021 Approved by the Board of Trustses on 17 December 2025 and signed on its behalf by: lena You Trustee
Sticky Fingers Arts IA company limited by guarantee, not having a share capital) STATEMENT OF TRUSTEES. RESPONSIBILITIES for the financial year ended 31 March 2025 The trustees. who are also directors of Sticky Fingers Arts far the purposes of company law. are responsible for preparing the financial slatemenls in accordance with applicable law and regulations. Company law requires the trustees as the directors to prepare financial statements for each financial year. Under that law the trustee5 have elected to prepare the financial statements in accordan with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Stsndards and applicable lawl including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entiliesl. Under company law the trustees musl not approve the Iinancial slatements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing these financial ststements, the Iruslees are required to.. select suitsble accounting policies and apply them Gonsislently, make judgements and estimates that are reasonable and prLtdent', state whether the financial statements have been prepared in accordance with the relevant financial reporting framework, identify those standards, and note the effect and the reasons for any material departure from those standards,. and prepare the financial slalements on the going concern basis unless it is inappropriate to presume that the company will continue in operalion. The trustees confirm that they have complied with the above requirements in preparing the financial statements. The trustees are responsible for keeping adequate accounting records that are suffiaent to show and explain the company's tr8nsactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that tre financial Statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detecb'on ol fraud and other irregularities. Approved by the Board of Trustees on 17 December 2025 and signed on its behalf by: Helena You Trustee
Sticky Fingers Arts IA company limitèd by guarantee, not having a share capltal} INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF STICKY FINGERS ARTS We have examined the financial statements of the company for the financial year ended 31 March 2025, which comprise the Statement of Financial Activities (incorporating an Income and Expenditure Account), the Balance Sheet and the related notes. This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2008. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile. report to the Board of Trustees that we have done so, and stale those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members, as a body. for our work, or for this report. Respective responsibillties of trustees and examiner The company's trustees (who are also the directors of the company for the purposes of company lawl are responsible for the preparation of the finanaal statements in accordance with the requirements of the Companies Act 2006. The company's Iruslees consider thal an audit is not required for this financial year under Chapter 3 of Part 16 of the Companies Act 2006 and that an independent examination is required. It is our responsibility to.. examine the financial statements under section 65 of Ihe Charities Act.. follow the procedures laid down by the general Directions given by the Charity Commission for Northern Ireland under section 6519llb) of the Charities Act, and state whether particular matters have come to our attenb'on. Basis of independent examiner's report We have examined your company financial statements as required under section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Chaiity Commission for Northern Ireland under section 65{9llbl of the Charities Act. An examination includes a review of the accounting records kept by the company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given a5 to whether the accounts present a 'true and fair, view and the report is limited to those matters set out in the stalement below. In connection with our examination, no matter has come to our attention which gives us cause to believe that in, any material respect.. accounting records were not kept in accordance with section 386 of the Companies Act 2006 the financial statements do not accord with those accounting records the financial statements have not been prepared in accordance with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice applicable to charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102} there is further information needed for a proper understanding of the accounts to be reached. Independent examiner's ststement We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements lo be reached. John Macmahon FCA JOHN MACMAHON & CO Chartered Accountants and Registered Auditors 112 Camlough Road Newry Co. Down BT35 7EE Northern Ireland Date: 17 December 2025
Sticky Fingers Arts IA company limited by guarantee. not having a sharè capital) STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income and Expènditure Accounti for the financial year ended 31 March 2025 Unrestricted Restricted Funds Funds 2025 2025 Total Unrestricted Restricted Funds Funds Funds 2025 2024 2024 Total Funds 2024 Notes Incoming Resources Voluntary Income Charitable activities Other income 159,670 159,670 78.261 13.000 8.816 67,638 6,000 76,306 85,122 67,638 47,400 78,261 13,000 41,400 Total In¢omlng resources 91,261 159,670 250.931 82,454 117,71 200,160 Resources Expended Charitable activities 76,609 189.301 265.910 104.388 114,775 219,163 Net incomlngloutgoing resources before transfers 14,652 (29,631) 114.9791 {21,934) 2,931 119,0031 Gross transfers between funds Net movement in funds for the financial year 14,652 129.631) 114.979) (21,934} 2,931 {19,003) Reconciliation of funds: Total funds beginning of the year 17 59,792 57,662 117.454 81,726 54,731 136,457 Total funds at the end of the year 74.444 28,031 102,475 59.792 57.662 117,454 The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing activities. The notes on pages 11 lo 17 form part of the financial slalemenls
Sticky Fingers Arts IA company limitsd by guarantee. not having a share capital) Company Numbèr.. N1044255 BALANCE SHEET as al 31 March 2025 2025 2024 Notes Fixed Assets Tangible assets 11 162,660 175,044 Current Assets Debtors Cash and cash equivalents 12 18,295 851 5,663 5.663 19,146 Creditors: Amounts falling due wlthin one year 13 140,9861 176,736} Net Current Liabilities 135,3231 157,590} Total Assets less Current Liabilities 127,337 117,454 Creditors Amounts falling due after more than one year 14 {24.862) Total Net Assets 102,475 117,454 Funds Restricted funds General fund lunrestrictedl 28,031 74,444 57,662 59,792 Total funds 17 102,475 117,454 These financial statements have been prepared in accordan with the special provisions relating to small companies within Part 15 ofthe Companies Act 2006. For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 01 the Companies Act 2006.. and no notice has been deposited under section 476. The trustees confirm that the members have not required the company to obtain an audit of its financial statements for the finanaal year in question in accordan with section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the stale of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordan 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 lo the company. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" applying Section 1A of that Standard Approved by the Board of Trustees and authorised for issue on 17 December 2025 and signed on its behalf by Helena Yo Trustee The notes on pages 1110 17 form part of the financial statements 10
Sticky Fingers Arts {A company limitèd by guarantee. not having a 5haTe capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 GENERAL INFORMATION Sticky Fingers Arts is a private company limited by guarantee incorporated in Northern Ireland. The registered office of the company is The Imaginarium, 10 Upper Edward Street, Newry, Co. Down, BT35 6AX, Northern Ireland which is also the principal place of business of the company. The financial statements have been presented ir) Pound Sterling 1£) which is also the functional currency of the company. The financial statements cover the individual entity Sticky Fingers Arts for the year ended 31 March 2025. The Charity is a public benefit entity. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The followng accounting policies have been applied consistenuy in dealing wth items which are considered material in relation to the charity's finanaal statements. Basis of preparation The financial statements have been prepared on the going conrn basis under the historical cost convention, modified to include certain items at fair value. The financial statements have been prepared in accordance with the Slalement of Recommended Practice ISORPI {2019) "Accounting and Reporting by Charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of that Standard. ststement of compliance The financial statements of the company for the financial year ended 31 March 2025 have been prepared on the going COnrn basis and in accordan with the Statement of Recommended Practi ISORPI "Accounting and Reporting by Charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102 applying Section 1A of that Standard. Fund accounting The fDllowng are the categorises of funds maintained.. Restricted fund5 Restricted funds represent income received which can only be used for particular purposes, as specified by the donors. Such purposes are within the overall objectives of the company. Unrestricted funds General funds are unrestricted funds which are available for use at the discreb'on of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes. Incomlng Resources Voluntary income or capital is included in the Statement of Financial Activities when the company is legally entitled lo it, its financial value can be quantified with reasonable certainty and there is reasonable certainty of its ultimate receipt. Entitlement to legacies is considered established when the company has been notified of a distribution to be made by the executors. Income received in advan of due performance under a contract is accounted for as deferred income until earned. Grants for activities are recognised as income when the related conditions for legal entitlement have been met. All other income is accounted for on an accruals basis. Income from charitable activities Income from charitable activities include income earned from the supply of ServIS under contractual arrangements and from performance related grants which have conditions that specify the provision of particular services to be provided by the company. Income from government and other co-funders is recognised when the company is legally entitled to the income because it is fulfilling the conditions contained in the related funding agreements. Where a grant is received in advance, its recognition is deferred and induded in creditors. vhere entitlement occurs before income is received, it is accrued in debtors. Grants from governments and other co-funders typically include one of the following types of conditions". Performance based conditions.. whereby the company is contractually entitled to funding only to the extent that the core objectives of the grant agreement are achieved. Where the company is meeting Ihe core objectives of a grant agreement, it recognises the related expenditure, to the extent that it is reimbursable by the donor. as income. -Time based conditions.. whereby the company is contractually entitled to funding on the condition that it is 11
continued Sticky Fingers Arts IA company limited by guarantee, not having a sharo capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 utilised in a particular period. In these cases the company recognises the income to the extent it is utilised within the period specified in the agreement. In the absence of such conditions, assuming that receipt is probable and the amount can be reliably measured, grant income is recognised once the company is notified of entitlement. Grants reiVed towards capital expenditure are credited to the Statement of Financial Activities when reiVed or re1Vable, whichever is earlier. Resources Expended All reSoUrS expended are accounted for on an accruals basis. Charitable activities include costs of ServIS and grants, support costs and depreciation on related assets. Costs of generating funds similarly include fundraising activities. Non-staff costs not attributed to one category of activity are allocated or apportioned pro-rata to the staffing of the relevant service. Finance, HR, IT and administrative staff costs are directly attributable to Individual activities by objective. Governance costs are those associated with constitutional and statutory requirements. Golng Concern At the date of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existen for the foreseeable future. Tangible flxed assets and depreciation Tangible fixed assets are slated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated lo write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows.. Long leasehold propety Plant and machinery Fixtures, frttings and equipment 4Q/o Straight line 40/0 Straight line 20 % Straight line Debtors Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid nel of any trade discounts due. Income recognised by the company from government agencies and other co-funders, but not yet received at year end, is included in debtors. Credltors Creditors and provisions are recognised where the charity has a present obligation resulting trom a past event, which will probably result in the transfer of economic value to a third party, and the amount due to settle the obligation can be reliably measured or estimated. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due and at their present value where the time value of money is deemed significant. Funds already received from government agencies and other co-founders that do not meet the criteria for recognitiori as income, are shown in creditors. Cash at bank and in hand Cash at bank and in hand comprises cash on deposit at banks requiring less than three months noti of withdrawal. Taxation No current or deferred taxation arises as the company has been granted charitable exemption. Irrecoverable valued added tax is expensed as incurred. The charity is a registered charity, and as such is entitled to certain tax exemptions on income and profits from investments and surpluses on any trading activities carried out in the furtheran of the charity's primary objectives. if these profits and surpluses are applied solely for charitable purposes. The charity is not gIStered for VAT and, accordingly, all their expenditure is inclusive of any VAT incurred. Penslons The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. Annual conlributions payable to the company's pension scheme are charged to the income and expenditure account the period to which they relate SIGNIFICANT ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY 12
continued sticky Fingers Arts IA company limited by guarantee. not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 In the application of the Charity's accounting poliaes, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. Depreciation and amortisabon The trustees exercise judgement in the determination of the useful economic lives and residual values of all classes of fixed assets. These assets are then depreciated over their useful economic lives to their residual value. INCOME DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds 2025 2024 ACNI Halifax Foundation Newry Mourne & Down District Council Community Four)dation Arts Council Ireland Foyle Foundation Job Start- Department for Communities National Lottery 9,376 5,000 18,812 12,578 20,000 20.000 13,500 20.713 18,000 24,475 62,982 13,500 20,713 18,000 24,475 62.982 2,815 36,541 159,670 159,670 85,122 CHARITABLE ACTIVITIES Unrestrlcted Restricted Funds Funds 2025 2024 Earned Income 78.261 78,261 67,638 OTHER INCOME Unrestricted Restricted Funds Funds 2025 2024 Other incoming resources Rental Income 41,4QQ 6,000 13.000 13.000 13.000 13.000 47.400 EXPENDITURE CHARITABLE ACTIVITIES Direct Costs Other Costs Support Costs 2025 2024 Operation of theatre and arts centre Governance Costs Art House Depreciation 165,261 27,280 35,743 228.284 167,355 9.889 1,704 40,215 1,120 1,120 36,506 36.506 166.381 63.786 35.743 265,910 219.163 13
continued sticky Fingers Arts IA company limitèd by guarante•, not having a sharo capitsll NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 SUPPORT COSTS Charltable Activities 2025 2024 Legal and other professional fees Telephone General offi Rates Insurance Computer Costs Rent Light & Heat 5.465 4,289 59 11,627) 6.009 3,090 10,000 8,458 5.465 4.289 59 11,627} 6.009 3,090 10,000 8.458 9,768 4,031 232 714 4,525 9,067 35,743 35,743 28,337 ANALYSIS OF SUPPORT COSTS 2025 2024 Legal and other professional fees Telephone General office Rates Insurance Computer Costs Rent Light & Heat 5,465 4.289 59 (1,6271 6,009 3,090 10,000 8,458 9.768 4.031 232 714 4.525 9,067 35,743 28,337 NET INCOMING RESOURCES 2025 2024 Net Incoming Resources are stated after Chargingllcreditlng): Depreciation of tangible assets Operating lease rentals Motor vehicles Independent Examiner's remuneration.. independent examination services Amortisation of grants receivable 36,506 40,215 3,115 4,836 3,000 3,000 I41,4) INVESTMENT AND OTHER INCOME 2025 2024 Rental Income Amortisation of capital grants received 13,000 6,000 41,400 13.000 47,400 INTEREST PAYABLE AND SIMILAR CHARGES 2025 2024 On bank loans and overdrafts 2,367 4,580 14
continued Sticky Fingers Arts IA company limited by guaranteè, not having a share capitall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 10. EMPLOYEES AND REMUNERATION Number of employees The average number of persons employed (including execulive trustees) during the financial year was.. 2025 Number 2024 Number Employees The staff costs comprise.. 2025 2024 Wages and salaries Social security costs Pension costs 93,839 626 1,293 78,620 1,680 1,704 95,758 82.004 None of the individuals employed by the charity earn a yearly salary above £60.000. The total amount of employee benefits received by key management personnel 15 £32,200. 11. TANGIBLE FIXED ASSETS Long leasehold property Plant and Flxtures. machinery flttlngs and equipment Total Cost At 1 April 2024 Additions 166,745 228,597 395,342 24,122 24,122 At 31 March 2025 24,122 166,745 228,597 419,464 Depreciation At 1 April 2024 Charge for the financial year 57,175 6,670 163,123 29,473 220,298 36,506 363 At 31 March 2025 363 63,845 192,596 256,804 Net book value At 31 March 2025 23,759 102.900 36.001 162.660 At 31 March 2024 109,570 65.474 175,044 12. DEBTORS 2025 2024 Prepayments and accrued income 18,295 15
continued Sticky Fingers Arts IA company limited by guarantee, not having a share capiiall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 13. CREDITORS Amounts falling due within one year 2025 2024 Bank overdrafts Bank loan Taxation and social security costs other creditors Accruals and deferred income.. Pension accrual Other accruals 28,804 12,145 24,301 3,462 5,138 18,409 9.739 324 7,700 7,700 40.986 76,736 14. CREDITORS Amounts falling due after more than one year 2025 2024 Bank loan 24,862 Repayable in one year or less. or on demand {Note 131 Repayable between one and two years Repayable between tho and five years 5.138 5,967 18,895 40,949 30,000 40,949 The total secured liabilities as at 31 March 2025 are £30,000 12024.. £40,949). The Bank hold a fixed and floating tharge over property and a negab've pledge. 15. PENSION COSTS - DEFINED CONTRIBUTION The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Pension costs amounted to £1,29312024 '. £1,704). At the balance sheel dale there was an outstanding liability of £0 {2024. £324) due to the fund, this is included in creditors amounts falling due within one year. 16. RESERVES 2025 2024 At the beginning of the year Deficit for the financial year 117.454 {14.9791 136,457 119,0031 At the end of the year 102,475 117,454 17. FUNDS 17.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Restricted Funds Funds Total Funds At 1 April 2023 Movement during the financial year 81.726 {21,9341 54.731 2,931 136,457 119,0031 Al 31 March 2024 Movement during the ff nancial year 59,792 14,652 57,662 {29,631} 117,454 114,9791 At 31 March 2025 74,444 28,031 102,475 16
continued Sticky Fingers Arts IA company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 17.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 April 2024 Income Expenditure Transfers between funds Balance 31 March 2025 Restricted funds Restricted funds Unrestricted funds Unrestricted fund5 57,662 159,670 189,301 28.031 59,792 91.261 76,609 74,444 Total fvnds 117,454 250,931 265,910 102,475 17.3 ANALYSIS OF NET ASSETS BY FUND Fixed assets - Charity use Current assets Current Long-term Ilabilities liabilities Total Restricted funds 28,031 28,031 Unrestricted general funds 134.629 5,663 {40.986> 124,8621 74,444 162,660 5,663 {40.986) 124,8621 102.475 18. STATUS The company is limited by guarantee not having a share capital. The liability of the members is limited. Every member of the company undertakes to contribute to the assets of the company in the event of its being wound up while they are members, or wilhin one year thereafter, for the payment of the debts and liabilities of the company contracted before they ceased to be members. and the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributors among themselves, such amount as may be required, not exceeding £1. 19. TRUSTEES. REMUNERATION The trustees did not receive a remuneration during the financial year. The trustees did not have any expenses reimbursed during the financial year. 20. RELATED PARTY TRANSACTIONS A spouse of key management personnel, was paid £11,500 during the financial year for remedial works. There was no outstanding amount owed at the financial year ended 31 March 2025. 17