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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`|
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|`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`||||||||
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||`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`|
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|`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`||
|`6.`|`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`|
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|`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`|
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|`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`|
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|||`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`|
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||`2024`|`2023`|
|---|---|---|
||`£`|`£`|
|`CostofGeneratingFunds`|||
|`Events`|`194,514`|`43,499`|
||`194,514`|`43,499`|
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||`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`|