REGISTERED COMPANY NUMBER: N1028068 (Northern Ireland)
REGISTERED CHARITY NUMBER: 102342
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 March 2024
for
CATALYST ARTS LTD
M.B.McGrady & Co
Chaitei'ed Accountants
Suite 2B
Cadogan Hoiise
322 Lisbiirn Road
Belfast
Co. Antriin
BT9 6GH

CATALYST ARTS LTD
Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024
Page
Reference and Administrative Details
Report of the Trustees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
9 to 14
Detailed Statement of Financial Activities
15

CATALYST ARTS LTD
Reference and Administrative Details
FOR THE YEAR ENDED 31 MARCH 2024
TRUSTEES
Cecilia Gi'aham (resigned 231512023)
Dominic McKeown (resigned 411112023)
Eoin Bennett
Rachael Melvin
Silvia Koistinen
Sean Ward (appointed 201612023)
Emina Quin (appointed 1811212023)
COMPANY SECRETARY
Sean Ward
REGISTERED OFFICE
6 Joys Entry
Belfast
Anlrim
BTI 4DR
REGISTERED COMPANY
NUMBER
N1028068 (Northern Ii'eland)
REGISTERED CHARITY
NUMBER
102342
INDEPENDENT EXAMINER
M.B.McGrady & Co
Chartered Accountants
Suite 2B
Cadogan House
322 Lisburn Road
Belfast
Co. Antrim
BT9 6GH
BANKERS
Co-opei'ative Bank
PO Box 250
Delf House
Skelmersdale
WN8 6WT

CATALYST ARTS LTD
Report of the Trustees
FOR THE YEAR NDED 31 MARCH 2024
The trustees who are also directors of the charity for Ihe piirposes of the Companies Act 2006, present their report with
the financial statements of the charity foi. the year ended 31 March 2024. The trustees have adopted the provisions of
Accounting and Reporting by Chai'ities.. Stateinent of Recominended Practice applicable to charities preparing their
a¢coiints in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
(effective l January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The company's objectives are to advance and improve, production and proinotion of art and culture and the advanceinent
of education and training in the arts and related subjects in Northern Ireland and beyond ("hei'einafter called the 'area of
benefit") through the provision of workshops, advice, inforination and training and the organisation of exhibitions,
residencie5 and events and tlll'ough such other charitable ways as decided by the directors.
The coinpany has power to..
(a) proinote and improve visual, sonic and live art and the pi-oduction of works of artistic merit by established, new and
einei'ging aitists through the provision of workshops, advice, inforination and training and the organisation of
exhibitions, i'esidencies and events and through such other charitable ways as the directors decide;
(b) proinote learning throiigh the aits with the object of developing aesthetic and cultui'al appreciation by providing an
innovative and experiinental (visual or tnulti- disciplinary) arts progi'ainine in the area of benefit which is freely available
and accessible to all.
(c) pi'on)ole arts exchange opportunities foi. emerging and established artists outside Northern Ireland;
(d) advance the educatioii and training of visual arts and Iniilii-disciplinary practitioners by the provision of integrated
training and arts inanagement experience, Inentoring and information.
All trustees have had regard to the Coinmission's Public benefit requireinent slaliitory guidance.
Purpose of the Charity
The inain purposes of Catalyst Arts Ltd has always been..
l. to advance and support the career of local einerging conteinpoi'ary artists in Belfast and Northern Irelaiid through on
site exhibitions at Catalyst Aits Galleiy, off site exhibitions and residencies. technological i'esources, networking and
international opportunities.
2. to suppoit local volunteers in Belfast with an intei'est in the arts and aits Inanagement, by advancing their skills in
practical aspects of i'unning an art gallery such as installalion, fiinding applications, archiving and adininistration work.
3. to bring experiinental, innovative conteinpoi'ary arl to Belfast and engage the local aits ¢ominunity and the general
public with conlempoi'ary ait througli exhibitions, talks, workshops and off site parti¢ipatoiy artworks.

CATALYST ARTS LTD
Report of the Trustees
FOR THE YEAR ENDED 31 MARCH 2024
OBJECTIVES AND ACTIVITIES
Significant activities
Catalyst Aits is the longest running artist-led gallery in Northern Ireland. We provide a unique platform for einerging
local artists and recent graduates to exhibit their work in a curated context within an accessible, professional and
Stimulating envii'oninent. The gallery fulfils a significant local and national role by touring Northern Irish artists both
nationally and intei'nationally. We pi'ovide artists with the use of oiir technological resources, networking opportunities
and access to our historical archives.
We are run by a rolling board of up to ten volunteers who curate and deliver high quality exhibitions and projects. We
provide to the public an exciting prograiniiie of experimenlal, Inultidisciplinaiy conteinporary art from local, national
and international aitists, alongside compleinentaiy educational woi'kshops and talks. We aim to maintain and iinprove
our existing relations wilh other arts organisations and to Continue lo expand and reach new audiences.
Catalyst Arts is a charity based organisation that supports and pi'oinotes the pi'odiiction of innovative and experiinental
conteinporaiy exhibitions and events that are free of Charge and accessibl¢ to a wide variety of audiences.
Oiir organisation upholds a unique position within the visual arts sector of Noi'thei'n li'eland and offei's an unrivalled
training scheme foi. individuals that include curation and arts adininistration.we do not have any paid ineinbers of staff
and ftinction thi'ough the ¢oinmitmenl of seven voluntary co-directors and a strong volunteer cominunity.
We are a member based organisation, whose members benefit from open calls, the use of our resoui'ce centre and advice
on a daily basis. Catalyst pi'ovides exhibition opportunities for artists at the beginning of theii. careers, enabltng the
display of woi'k alongside practitioners with an internationally established i'eputation.
Revieiv of past programme
Healing through Phologi'aphy, Partnership with Belfast Exposed, Artist Talk with Clare Lyons (3-4 April 2023)
Bond of Meinories, Graduate Award Show with Toinas Monterio (13 April - 4 May 2023)
Catalyst Cafe, collaboration witli Noithern li'eland Mental Health festival. Workshops, Events, Sci'eenings, Talks with
Mike's Fancy Cheese, Creative Beans Collective and Soup Ink Writer-s Co-op (I l May-20 May 2023)
Non Violent Kilchen Table, Paulina Siniatkina, (23 May 2023)
Catalyst Meinbers Show (l June-30 Jiine 2023)
Catalyst Al't Book Fair,{ 6-8 July 2023)
P{a/u)ddle, Art Auction (20 June-july 8 2023)
Seven, Keike Twisselinann and Sandra Coi'i'igan Breathnach, performance evening (3 Augiist 2023)
Cladding, Dominic McKeown Director Show, Charys Wilson and Hazel O'sullivan (5-30 October 2023)
FIX 23, live art performance biennial with Olivia Has5et, Sandra Johnston, Bbeyond, Sinead O'Donnell, Venus Patel
aiid Mal Parry (9 Noveinber-26 Novembei. 2023)
Pond{er) Rachel Melvin Directoi s Show, Alivia Goldhill and Andy Leech, (l Februaiy-25 Febriiary, 2024)
Pi'opagate, sei'ies of outreach activities and events. Toolbox. Inini artist fund, Open Box. ai-chival open Inic and
poetry evening, Going Up A Mountain; hiking trail with Black Moiintain Rewilding Project (10-31 March 2024)
23124 saw us connect with new organisational pai'tners, inci'ea5e our footfall di'ainatically diie to our new city centre
location, and seciii'e fiinding froin external oi'ganisations to iinpi-ove oui. pi'eiT]ises and fund our work. We started off the
23124 prograinining year with a beautifiil artist talk fi'om Clare Lyons, in partnership with Belfast Exposed, a regulai.
collaborator of Catalyst. Fully settled into oiir new premises, we were able to ti'ansfoi'in the gallery space into a wai'in
and cosy environinent foi. the audience to sil and heal. froin Clare, joined in conversation with Co-Director Silvia
Koistinen.
Celebrating emerging artist lalent. The inaugui'al Catalyst Arts Gradiiate Award was awai'ded to Tonias Monterio, a
cerainicist based iii Belfast. Accoinpanying Toinas's pieces, that decoraled the gallery and outdoor space, the exhibition
was accoinpanied by a closing night performance by Toinas. We applied for and I'eceived funding fi'om The Enkalon
Foundation to suppoi't the ci'eation of Toinas's work.

CATALYST ARTS LTD
Report of the Trustees
FOR THE YEAR ENDED 31 MARCH 2024
OBJECTIVES AND ACTIVITIES
Partnering with the Northei'n Ireland Mental Health Arts Festival, we transformed the gallery space into the Catalyst
Cafe, holding a variety of coininuiiity-focused events, workshops and sessions for people. Catalyst Cafe aiined to debunk
the roinantic myth of the artist's life through fun and light hearted events - offering support and coinmunity for artists and
ci'eatives alike in navigating the precarity of suslaining an aitistic practice today. We partnered with local oi'ganisalions
and groups like Soup Ink Writei s Co-op, Creative Beans Colleclive and Mike's Fancy Cheese to host workshops and
events across the festival period in May.
Moving on to oui. Meinbers Show. to lean, fold, buckle, hold, carry, push, pull, support, we exhibited work of our
meinbers who financially support the galleiy every Inonth. Our Inembers are an essential part of the survival,
development, and sti'uctural integrity of Catalyst Aits. In return, we look to suppoit our members, practices through
opportunity and conversation.we also sought to find new ways of engaging with and platforining our Ineinbers leading
to the developinent of Casual Placernents - a members, newsletter where meiiibers have the space to share their ongoing
works. ideas, and thoughts with new audiences.
With the 23124 BCC Artist Studios & Maker Spaces Organisational Grant we were able to improve our buildings
resources and safety, provide training for directors and purchase signage for our space. We received fiinding to install
fire extinguishers in the space alongside having ea¢h director receive Fire Warden training. Receiving funding to
iinprove our kitchen facilities also made oiir office inuch more comfortable and welcoining foi. dire¢lors and voliinteers
to work in. Signage, pi'ovided by local company Off The Wall Creative alongside local painter Kate Fossey, has Inade
our space Inuch more recognisable and accessible, increasing footfall.
A core element of our prograinme throughout 2023-24 was audience engageinent. This weaved itself throughout our
prograinming in the forin of events and workshops including. a di'ink n, draw, discussion groiips, a publication launch, a
reading and listening group, poetiy reading events, hands-on woi'kshops, soup making, cominunal cooking and eating,
and live-art performances. These events and workshops allowed for audiences to engage with conteinporary visual art in
new ways as well as developing skills.
Two Co-Director shows took place over the yeai., Cladding and Pond(ei'). Claddin., was an installation that brought
together Charys Wilson & Hazel O'sullivan to look at the concern in how material qualities are sensed, interpreted and
understood to forin space. During oui. opening night, we had a record breaking 420 visitors thi'oughout the opening
night. Pond(er), explored the galleiy as a site for shai'ed & intiinate experiences, exainining how an arts space can
encoui'age coiwnunal experience and discourse through tactile and soni¢ interventions.
FINANCIAL REVIEW
Financial position
Financial performance in the year to 3 l March 2024 has been broadly consistent with the trustee's forecasts and
expectations. Incoine receipts for the year totalled £49,291 {2023: £67,139) and expenditure for the year totalled
£54,002 (2023.. £62,035). This resulted in a deficit of £4,711 (2023.. suiyliis of £5,104) for the yeai..
Reserves policy
Financial Policy on Operating Reserves involves i)iaintaining an operating i'eserves ratio of between three and six
months col'e costs which based on current incoine and expenditure varies between £ l 0,000 and £20,000.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is Controlled by its govei'ning docuinent, a deed of ti'iist, and constitutes a liiiiited company, liinited by
guarantee, as defined by the Coinpanies Act 2006. Trustees who served at anytime during the year were:
Cecilia Graham
Dominic McKeown
Einina Qiiin
Eoin Bennett
Rachael Melvin
Silvia Koistinen
Sean Ward
(resigned 23 May 2023)
(resigned 4 Noveinber 2023)
(appointed 18 Deceinbei. 2023)
(appointed 20 Jiine 2023)

CATALYST ARTS LTD
Report of the Trustees
FOR THE YEAR ENDED 31 MARCH 2024
Approved by order of the board of trustees on 19 Deceinber 2024 and signed on its behalf by:
Sean Ward - Trustee

Independent Examiner's Report to the Trustees of
Catalyst Art5 Ltd
I report on the accounts of the coinpany for the year ended 31 March 2024, which are set out on pages seven to fourteen.
Respeetive responsibilities of charity trustees and examiner
As the ¢harity's trustees {and also the directors for the purposes of coinpany law) you are responsible for the preparation
of the accounts in accordance with the requirements of the Coinpanies Act 2006.
Having satisfied Inyself that the chai'ity is not subject to audit under company law and is eligible for independent
exaininatioii, it is my responsibility to..
exainine the accounts Under Section 65 of the Charities Act
follow the procedures laid down in the general Directions given by the Charity Coininission for Norihern Ireland
under Section 65(9)(b} of the Chai'ities Act
State whether paiticular Inattei's have come to my attention.
Basis of the independent examiner's report
I have exainined youi. charity accounts as requii'ed undei. Section 65 of the Charilies Act and my examination was carried
out in accordance with the general Dii'ections given by tlie Charity Commission foi. Northern Ireland under Section
65(9)(b) of the Charities Act. The examination included a i-eview of the accounting i'ecords kept by the charity and a
coinpai'ison of the accounts pi'esented with those records. It also included consideration of any unusual iteins or
disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such Inatters.
My role is to state whethei. any Inaterial inatters have coine to Iny attention giving me cause to believe:
That accounting recoi'ds were not kept in accordance with Section 386 of ihe Coinpanies Act 2006
That the a¢coiints do not accoi'd wilh those accounting records
That the accounts do not comply with the accounting I'equirements of Section 396 of the Coinpanies Act 2006
and with the inethods and principles of the Charities Statement of Recoininended Praclice applicable to charities
preparing their accounls in accordance with the Financial Repoiting Standard applicable in the UK and Republic
of Ireland
That thei'e is further infoi'ination needed for a propel. undei'standing of the accounts to be reached.
liidependent examiner's statement
I have completed my exainination and have no concei'ns in respect of the inatters (l) 10 {4) listed above and, in
connection with following the Dii'e¢tions of the Charity Coininission foi. Northern Ii'eland, I liave found no Inatters that
require di'awing to your attention.
110(
Seai)ius McLei'non
M.B.McGrady & Co
Chartered Accounlanls
Suite 2B
Cadogan House
322 Lisburn Road
Belfast
Co. Antrim
BT9 6GH
19 December 2024

CATALYST ARTS LTD
Statement of Financial Activities
FOR THE YEAR ENDED 31 MARCH 2024
3113124
Total
funds
3113123
Total
funds
Unrestricted
fund
Restricted
fund
Notes
INCOME AND ENDOWMENTS FROM
Charitable activities
Prograinining
43,364
43,364
63,003
Other trading activities
Inveslment income
5,825
102
5,825
102
4,124
12
Total
5,927
43,364
49,291
67,139
EXPENDITURE ON
Charitable activilies
Programming
8,320
45,682
54,002
62,035
NET INCOMEI(EXPENDITURE)
(2,393)
(2,318)
(4,711)
5,104
RECONCILIATION OF FUNDS
Total funds brought forward
30,689
4,921
35,610
30,506
TOTAL FUNDS CARRIED FORWARD
28,296
2,603
30,899
35,610
The notes forin pait of these financial stateinent5

CA TALYST ARTS LTD
Balance Sheet
31 MARCH 2024
3113124
3113123
Notes
FIXED ASSETS
Tangible assets
205
457
CURRENT ASSETS
Debtors
Cash at bank and in hand
10,524
21,519
12,685
23,818
32,043
36,503
CREDITORS
Ainounts falling due within one year
(1,349)
(1,350)
NET CURRENT ASSETS
30,694
35,153
TOTAL ASSETS LESS CURRENT
LIABILITIES
30,899
35,610
NET ASSETS
30,899
35,610
FUNDS
Unrestricted funds
Restricted funds
28,296
2,603
30,689
4,921
TOTAL FUNDS
30,899
35,610
The charitable coinpany is entitled to exeinption fi'om audit under Section 477 of the Coit)panies Act 2006 for the year
ended 31 March 2024.
The ineinbers have not required the coinpany to obtain an audit of its financial stateinent5 for the year ended
31 March 2024 in accordance wilh Section 476 of the Coinpanie5 Act 2006.
The trustees acknowledge their responsibilities for
(a)
ensuring that the charitable company keeps accounting recoi'ds that comply with Sections 386 and 387 of the
Coinpanies Act 2006 and
prepai'ing financial stateinents which give a true and fair view of the state of affairs of the charitable company as
at the end of each financial year and of its surplus oi. deficit foi. each financial year in accoi'daiice with the
requirements of Sections 394 and 395 and whicli otherwise coinply with the requirements of the Companies Act
2006 relating to financial stateinents, so fai. as applicable to the charitable coinpany.
(b)
These fmancial stateinenls have been pi'epared in accoi'dance with the provisions applicable to charitable col￿panIeS
subject to the sinall coinpanies regiine.
The fiiiancial stateinents wei'e approved by the Boai'd of Trustees and authorised for issue on 19 Deceinbei. 2024 and
were signed on its belialf by:
Sean Ward - Trustee
The notes foi'in part of these financial stateinen15

CATALYST ARTS LTD
Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial stateinents of the charitable company, which is a public benefit entity under FRS 102, have been
pi'epai'ed in accordance with tlie Chai'ities SORP (FRS 102) 'Accounting and Repoiting by Chai'ities.. Stateinent
of Recoinjnended Practice applicable to charities pi'eparing theii. accoiints in accoi'dance with the Financial
Reporting Standai'd applicable in the UK and Republic of Ii'eland (FRS 102) (effective l January 2019),,
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland, and the Coinpanies Act 2006. The financial statements have been prepared under the historical cost
conventioii.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it
is probable that the income will be received and the ainount can be measured reliably.
Expenditure
Liabilities are recognised a5 expenditure as soon as there is a legal oi. constructive obligation coinmitting the
charity lo that expenditui'e, it is pi'obable that a transfei. of ecoiiomic benefits will be required in settleinent and
the ainount of the obligation can be Ineasured I'eliably. Expenditui'e is accounted foi. on an accruals basis and has
been classified under headings that aggregate all cost related to the category. Where costs cannot be directly
attributed to particiilar headings they have been allocated to activities on a basis consistent with the use of
i'esources.
Tangible fixed assets
Depi'eciation is provided at the following annual rates in order to write off each asset over ils estimated usefLII
life.
Equipinent
200/0 on cost
Taxation
The chai'ity is exeinpt from corporation tax on its chai'itable activities.
Fund accounting
Unrestricted fiinds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds Can only be used for particular restricted purposes within the objects of the charity. Restrictions
ai'ise when specified by the donor or when funds are i'aised foi. particular restricted purposes.
Furthei. explanation of the nature and purpose of each flind is in¢lllded iii the notes to the financial stateinents.
OTHER TRADING ACTIVITIES
3113124
3113123
Meinbership
Eai'ned Incoine
Other incoine
2,639
854
2,332
2,525
,477
122
5,825
4,124
continiied...

CATALYST ARTS LTD
Notes to the Finaneial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024
INVESTMENT INCOME
3113124
3113123
Interest receivable
102
12
NET INCOMEI(EXPENDITURE)
Net incoinel(expenditure) is stated after chargIn￿(crediting).
3113124
3113123
Accountancy fees
Depreciation - owned assets
1,943
252
,475
801
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended
31 March 2023.
Tru5tees' expenses
There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
Restricted
fund
Total
funds
INCOME AND ENDOWMENTS FROM
Charitable aetivities
Prograinining
63,003
63,003
Other trading activities
Investment incoine
4,124
12
4,124
12
Total
4,136
63,003
67,139
EXPENDITURE ON
Chai'itable activities
Progi'am]ning
3,953
58.082
62,035
NET INCOME
183
4,921
5,104
RECONCILIATION OF FUNDS
Total funds bi'ought forwai'd
30,506
30.506
TOTAL FUNDS CARRIED FORWARD
30,689
4,921
35,610
10
continued...

CATALYST ARTS LTD
Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024
TANGIBLE FIXED ASSETS
Equipment
COST
At l April 2023 and 31 March 2024
56,385
DEPRECIATION
At l April 2023
Charge for year
55,928
252
At 31 March 2024
56,180
IYET BOOK VALUE
At 31 March 2024
205
At 31 March 2023
457
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
3113124
3113123
Othei. debtors
Pi'epayments and accrued incoine
2,028
8,496
4,271
8,414
10,524
12,685
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
3113124
3113123
Accruals and deferred income
1,349
1,350
io.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
3113124
Total
funds
3113123
Total
fuilds
Unrestricted
fund
Restricted
fund
Fixed assets
Cui'i'ent assets
Current liabilities
246
28,050
{41)
3,993
(1,349)
205
32,043
(1,349)
457
36,503
(1,350)
28,296
2,603
30,899
35,610
continued...

CATALYST ARTS LTD
Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024
ii.
MOVEMENT IN FUNDS
Net
movement
in fund5
At
3113124
At 114123
Unrestricted funds
General fund
30,689
(2,393)
28,296
Restricted funds
Col'e
4,921
(2,318)
2,603
TOTAL FUTr4DS
35,610
(4,711)
30,899
Net imoveinent in funds, included in the above al'e as follows..
Incoming
resourees
Resource5
expended
Movement
in funds
Unrestricted funds
General fund
5,927
(8,320)
(2,393)
Restricted funds
Core
43,364
(45,682)
(2,318)
TOTAL FUNDS
49,291
(54,002)
(4,711)
Colnparatives for movement in fund5
Net
movement
i)) funds
At
3113123
At 114122
Unrestricted funds
General fund
30,506
183
30,689
Restrieted funds
Core
4,921
4,921
TOTAL FUNDS
30,506
5,104
35,610
12
continued...

CATALYST ARTS LTD
Notes lo the Finaneial Statemeiits - conlinued
FOR THE YEAR ENDED 31 MARCH 2024
MOVEMENT IN FUNDS - continued
Comparative net Inovement in fiinds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in fuiids
Unrestricted fund5
General fund
4,136
(3,953)
183
Restricted funds
Core
63,003
(58,082)
4,921
TOTAL FUNDS
67,139
(62,035)
5,104
A current year 12 Inonths and prior year 12 inonths combined position is as follows..
Net
movement
in funds
At
3113124
At 114122
Unrestricted funds
General fund
30,506
(2,210)
28,296
Restricted funds
Cole
2,603
2,603
TOTAL FUNDS
30,506
393
30,899
A current year 12 inonth5 and prior year 12 Inonths combined net movement in fuiids, included in the above are
as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unresti'icted fuiids
General fund
10,063
(12,273)
(2,210)
Restrieted funds
Col'e
106,367
(103,764)
2,603
TOTAL FUNDS
116,430
(116,037)
393
13
continiied...

CA TALYST ARTS LTD
Notes to the Finaiieial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024
12.
RELATED PARTY DISCLOSURES
There were no related paty transactions for the year ended 31 March 2024.
14

CATALYST ARTS LTD
Detailed Statement of Financial Activities
FOR THE YEAR NDED 31 MARCH 2024
31￿/24
3113123
INCOME AND ENDOWMENTS
Other trading activities
Membership
Earned Incoine
oiher income
2,639
854
2,332
2,525
1,477
122
5,825
4,124
Investment income
Interest receivable
102
12
Charitable activities
Grants
43,364
63,003
Totxl incolning resources
49,291
67,139
EXPENDITURE
Charitable aelivities
Project & exhibition costs
18,414
22,286
Support costs
Management
Rent, sei'vice and watei. charge
Insurance
Light and heat
Telephone
Postage and stationery
Adveitising
Sundries
Repali's and maintenance
Legal fees
21,791
5,218
1,529
810
96
375
206
3,367
22,664
4,654
894
647
628
810
1,312
4,702
1,162
33,392
37,473
Other
Depi'eciation of equipinent
253
801
Covernance costs
Accoiinloncy fees
1,943
1,475
Total resources expended
54,002
62,035
Net (expenditure)liiicome
{4,711)
5,104
This page does not foi'in part of the statutoi'y financial stateinents
15