2024-03-31-annual-report - ArtsEkta

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	`Page`
`Trustees’andOtherInformation`	`3`
`Trustees’AnnualReport`	`4`
`StatementofTrustees’Responsibilities`	`11`
`IndependentAuditor'sReport`	`12-14`
`StatementofFinancialActivities`	`15`
`BalanceSheet`	`16`
`StatementofCashFlows`	`17`
`NotestotheFinancialStatements`	`188- 25`
`SupplementaryInformationrelatingtotheFinancialStatements`	`26- 29`

`forthefinancialyearended31`	`March`	`2024`
	`Notes`	`Unrestricted` `Funds` `2024` `£`	`Restricted` `Funds` `2024` `£`	`Total` `Funds` `2024` `£`	`Unrestricted` `Funds` `2023` `£`	`Restricted` `Funds` `2023` `£`	`Total` `Funds` `2023` `£`
`Income`
`Charitableactivities` `aGrantsfromgovernments`	`41`	`-`	`740,028`	`740,028`	`-`	`671,842`	`671,842`
`andotherco-funders` `Otherincome`	`4.2`	`159,259`	`-`	`159,259`	`247,485`	`-`	`247,485`
`Totalincome`		`159,259`	`740,028`	`899,287`	`247,485`	`671,842`	`919,327`
`Expenditure`
`Charitableactivities`	`5.1`	`147,141`	`637,226`	`784,367`	`189,670`	`675,306`	`864,976`
`Netincome/(expenditure)`		`12,118`	`102,802`	`114,920`	`57,815`	`(3,464)`	`54,351`
`Transfersbetweenfunds`		`(6,646)`	`6,646`	`-`	`(2,368)`	`2,368`	`-`
`Netmovementinfundsfor` `thefinancialyear`		`5,472`	`109,448`	`114,920`	`55,447`	`(1,096)`	`54,351`
`Reconciliationoffunds:` `Totalfundsbeginningofthe`	`16`	`531,856`	`126,110`	`657,966`	`476,409`	`127,206`	`603,615`
`year`
`Totalfundsattheendof`		`537,328`	`235,558`	`772,886`	`531,856`	`126,110`	`657,966`
`theyear`

	`Notes`
`FixedAssets`
`Tangibleassets`
`CurrentAssets` `Stocks` `Debtors` `Cashatbankandinhand`		`2,551` `120,555` `598,825`	`180,334` `465,230`
		`721,931`	`645,564`
`Creditors:Amountsfallingduewithinoneyear`	`14`	`(7,341)`	`(19,379)`
`NetCurrentAssets`		`714,590`	`626,185`
`TotalAssetslessCurrentLiabilities`		`772,886`	`657,966`
`Funds` `Restrictedtrustfunds` `Designatedfunds(Unrestricted)` `Generalfund(unrestricted)`		`235,558` `110,000` `427,328`	`126,110` `110,000` `421,856`
`Totalfunds`	`16`	`772,886`	`657,966`

`ArtsEkta` `STATEMENTOFCASHFLOWS` `forthefinancialyearended31March2024`
		`2024`	`2023`
	`Notes`
`Cashflowsfromoperatingactivities` `Netmovementinfunds`		`114,920`	`54,351`
`Adjustmentsfor:` `Depreciation`		`10,157`	`7,810`
		`125,077`	`62,161`
`Movementsinworkingcapital:` `Movementinstocks` `Movementindebtors` `Movementincreditors`		`(2,551)` `82,804` `(12,038)`	`(33,061)` `(1,285)`
`Cashgeneratedfromoperations`		`193,292`	`27,815`
`Cashflowsfrom investingactivities` `Paymentstoacquiretangibleassets`		`(36,673)`	`(20,513)`
`Cashflowsfromfinancingactivities` `Advancestosubsidiaries/groupcompanies`		`(23,025)`	`(4,062)`
`Netincreaseincashandcashequivalents` `Cashandcashequivalentsatthebeginningoftheyear`		`133,594` `465,230`	`3,240` `461,990`
`Cashandcashequivalentsattheendoftheyear`	`13`	`598,824`	`465,230`

`4.`	`INCOME`
	`CHARITABLEACTIVITIES`		`Unrestricted`	`Restricted`	`2024`	`2023`
			`Funds`	`Funds`
			`£`	`£`	`£`	`£`
	`Grantsfromgovernmentsandotherco-funders:`
	`CommunityRelationsCouncil`		`-`	`5,000`	`5,000`	`5,000`
	`DAERA`		`-`	`10,533`	`10,533`	`6,178`
	`TheExecutiveOffice-MEDFTier1`		`-`	`10,000`	`10,000`	`10,000`
	`TourismNorthernIreland`		`-`	`-`	`-`	`9,000`
	`FriendsofMela`		`-`	`18,500`	`18,500`		`-`
	`ArtsCouncilof NI- ExchequerAnnualFunding`		`-`	`28,312`	`28,312`	`52,960`
	`ArtsCouncilofNI-NationalLotteryAnnual`	`Funding`	`-`	`28,312`	`28,312`		`-`
	`TheExecutiveOffice-MEDFTier3`		`-`	`59,900`	`59,900`	`60,000`
	`TheNationalLotteryCommunityFund` `ArtsCouncilofNI-ArtsandOlderPeople`		`-` `-`	`-` `4,545`	`-` `4,545`	`43,893`	`-`
	`Programme`
	`ArtsCouncilofNI-ArtsDevelopmentAward`	`(The`	`-`	`-`	`-`	`4,349`
	`TrothProject)`
	`ArtsCouncilofNI-H&SProgramme`		`-`	`24,051`	`24,051`	`5,900`
	`ArtsCouncilofNI-SmallProgramme`		`-`	`15,640`	`15,640`	`8,115`
	`TheNationalLotteryHeritageFund`		`-`	`-`	`-`	`9,957`
	`BelfastCityCouncil-City` `&Neighbourhoods`		`-`	`20,000`	`20,000`	`20,000`
	`BelfastCityCouncil-EventsandFestivals-Mela`		`-`	`136,640`	`136,640`		`-`
	`PublicHealthAgency-Refugees& Asylum`		`-`	`11,801`	`11,801`	`12,671`
	`PeaceIV-BelfastCityCouncil`		`-`	`182`	`182`	`159,968`
	`BelfastCityCouncil-EventsandFestivals`		`-`	`-`	`-`	`137,040`
	`DormantAccounts`		`-`	`27,369`	`27,369`	`27,369`
	`BelfastCityCouncil-BAME`		`-`	`-`	`-`	`29,645`
	`BelfastCityCouncil-PCSPFinaghyGraffiti`		`-`	`-`	`-`	`2,500`
	`DFC-ArtworkSpace`		`-`	`24,455`	`24,455`	`21,919`
	`CRC-BelfastEquinox`		`-`	`-`	`-`	`2,400`
	`NLCF-PlacesandSpaces`		`-`	`-`	`-`	`7,500`
	`LiveHereLoveHere`		`-`	`-`	`-`	`11,478`
	`Natwest`		`-`	`20,000`	`20,000`	`24,000`
	`Belfast2024`		`-`	`250,000`	`250,000`		`-`
	`BCCSocialEnterpriseScheme`		`-`	`4,000`	`4,000`		`-`
	`BCCClusterProgramme`		`-`	`25,000`	`25,000`		`-`
	`ACNICommissioningProgramme`		`-`	`8,698`	`8,698`		`-`
	`LivingPlacesandSpaces`		`-`	`7,090`	`7,090`		`-`
			`-`	`740,028`	`740,028`	`671,842`
`4.2`	`OTHERINCOME`		`Unrestricted`	`Restricted`	`2024`	`2023`
			`Funds`	`Funds`
			`£`	`£`	`£`		`£`
	`OtherTradingActivities`		`159,259`	`-`	`159,259`	`247485`
	`EXPENDITURE`
	`CHARITABLEACTIVITIES`	`Direct`	`Other`	`Support`	`2024`	`2023`
		`Costs`	`Costs`	`Costs`
		`£`	`£`	`£`	`£`		`£`
	`Events`	`201,912`	`-`	`4`	`201,916`	`44,846`
	`Outreach`	`340,331`	`-`	`92,825`	`433,156`	`620,360`
	`Workshops& Performances`	`95,950`	`-`	`49,985`	`145,935`	`196,410`
	`GovernanceCosts`	`-`	`-`	`3,360`	`3,360`	`3,360`
		`638,193`	`-`	`146,174`	`784,367`	`864,976`

`ANALYSISOFSUPPORTCOSTS`	`2024`	`2023`
	`£`	`£`
`StaffCosts` `Depreciation` `GeneralOffice` `GovernanceCosts` `PremisesCosts` `FinanceCosts` `Support` `Accountancy` `CommunicationsandIT`	`96,975` `2,022` `3,215` `3,362` `33,987` `95` `46` `5,760` `714`	`102,423` `1,564` `1,995` `3,360` `23,642` `106` `-` `6,358` `886`
	`146,176`	`140,334`
`NETINCOME`	`2024` `£`	`2023` `£`
`NetIncomeisstatedaftercharging/(crediting):` `Depreciationoftangibleassets`	`10,157`	`7,810`
`Auditor'sremuneration:` `-auditservices`	`3,362`	`3,360`
`EMPLOYEESANDREMUNERATION`
`Thestaffcostscomprise:`	`2024` `£`	`2023` `£`
`Wagesandsalaries` `Socialsecuritycosts`	`173,118` `14,674`	`182,623` `17,447`
	`187,792`	`200,070`

`10.`	`TANGIBLEFIXEDASSETS`	`Fixtures,`	`Motor`	`Website`	`Total`
		`fittingsand`	`vehicles`
		`equipment`	`£`	`£`	`£`
	`Cost` `At1 April2023` `Additions`	`94,312` `36,673`	`17,900` `-`	`15,000` `-`	`127,212` `36,673`
	`At31March2024`	`130,985`	`17,900`	`15,000`	`163,885`
	`Depreciation` `At1 April2023` `Chargeforthefinancialyear`	`62,972` `10,048`	`17,459` `110`	`15,000` `-`	`95,431` `10,158`
	`At31March2024`	`73,020`	`17,569`	`15,000`	`105,589`
	`Netbookvalue` `At31March2024`	`57,965`	`331`	`-`	`58,296`
	`At31March2023`	`31,340`	`441`	`-`	`31,781`
`11.`	`STOCKS`			`2024` `£`	`2023` `£`
	`Stock(nontrading)`			`2,551`	`-`
`12.`	`DEBTORS`			`2024` `£`	`2023` `£`
	`Tradedebtors` `Amountsowedbygroupentities` `Prepaymentsandaccruedincome`			`82,794` `37,761` `-`	`162,062` `14,736` `3,536`
				`120,555`	`180,334`
`13.`	`CASHANDCASHEQUIVALENTS`			`2024` `£`	`2023` `£`
	`Cashandbankbalances`			`598,825`	`465,230`
`14.`	`CREDITORS` `Amountsfallingduewithinoneyear`			`2024` `£`	`2023` `£`
	`Tradecreditors` `Othercreditors` `Accrualsanddeferredincome`			`3,221` `520` `3,600`	`15,642` `857` `2,880`
				`7,341`	`19,379`

`16.2`	`ANALYSISOFMOVEMENTSONFUNDS`	`ANALYSISOFMOVEMENTSONFUNDS`
		`Balance`	`Income`	`Expenditure`	`Transfers`	`Balance`
		`1April`			`between`	`31March`
		`2023`			`funds`	`2024`
		`£`	`£`	`£`	`£`	`£`
	`Restrictedfunds`
	`CulturalCoach`	`-`	`28,312`	`28,312`	`-`	`-`
	`GeneralGrantsandSponsorship`	`126,110`	`511,043`	`407,386`	`5,791`	`235,558`
	`Mela`	`-`	`200,673`	`201,528`	`855`	`-`
		`126,110`	`740,028`	`637,226`	`6,646`	`235,558`
	`Unrestrictedfunds`
	`DesignatedFund`	`110,000`	`-`	`-`	`-`	`110,000`
	`UnrestrictedGeneral`	`421,856`	`159,261`	`147,143`	`(6,646)`	`427,328`
		`531,856`	`159,261`	`(147,143)`	`(6,646)`	`537,328`
	`Totalfunds`	`657,966`	`899,289`	`784,369`	`-`	`772,886`
`16.3`	`ANALYSISOFNETASSETSBYFUND`
			`Fixed`	`Current`	`Current`	`Total`
			`assets`	`assets`	`liabilities`
			`-charityuse`
			`£`	`£`	`£`	`£`
	`Restrictedtrustfunds`		`58,296`	`167,900`	`12,038`	`238,234`
	`Unrestricteddesignatedfunds`		`-`	`110,000`	`-`	`110,000`
	`Unrestrictedgeneralfunds`		`-`	`444,031`	`(19,379)`	`424,652`
			`-`	`554,031`	`(19,379)`	`534,652`
			`58,296`	`721,931`	`(7,341)`	`772,886`

		`2024`	`2023`
	`Schedule`	`£`	`£`
`Income`		`899,289`	`919,327`
`Costofgeneratingfunds`	`1`	`(194,514)`	`(43,499)`
`Grosssurplus`		`704,775`	`875,828`
`Charitableactivitiesandotherexpenses`	`2`	`(589,855)`	`(821,477)`
`Netsurplus`		`114,920`	`54,351`

	`2024`	`2023`
	`£`	`£`
`CostofGeneratingFunds`
`Events`	`194,514`	`43,499`
	`194,514`	`43,499`

	`2024`	`2023`
	`£`	`£`
`Expenses`
`Wagesandsalaries`	`173,118`	`182,623`
`Socialsecuritycosts`	`14,674`	`17,447`
`Auditor's/IndependentExaminer'sremuneration`	`3,362`	`3,360`
`Outreach`	`267,832`	`449,090`
`Outreach`	`30,453`	`22,995`
`Workshops& Performances`	`71,825`	`125,773`
`Workshops& performances`	`18,434`	`12,379`
`Depreciation`	`10,157`	`7,810`
	`589,855`	`821,477`