Company R•glstration Nurnbor. N1060389 Chor5ty Nwiber: NIC102412 Arts Ekta IA lknlt•tt by guJr4nt••, not hvlny a *￿n ¢•pIt￿l Annual Report and Auditsd Flnanclal Statsments for tho financlal year ended 31 March 2026 DpifcA Llmlted Om￿aU House 91JJ7 Orn*au Road B¢lfa¥t Bri 18H Arts Elrta {A rornpany Ilrnii•d ty YU#ran￿ noi ha¥fng a •h•r• CONTENTS Pag• Trustees, and Other Inf0M￿tIOn Trustees, Annual ReFrfJrt 4-12 Statement of Trustees, Responsibilities 13 Independent Auditarfs Report 14-16 Statement of FinaT￿la1 Acttvrties 17 Balance Sheet 18 Statement of Cash Fbws 19 Notes to the Financial Statem8nts 20-27 Supplementary Inf0m￿t￿n relating to the Financlal Statement8 29-31 Arts Ekta IA company Ilrnlt•d by guarantso, not • •h•r• c41ttsii TRUSTEES. AND OTHER INFORMATION TN$te81 Mr M Shamia MBE DL M8 H Francey Ms N Ferguson Ms A Lo MBE (Reslgned 6 Novemtsr 2￿24) DrMSKum Ms J Smith Mr S McGafry Ms L Stevenson M$ P Ballantine Company S•¢r•fary M8 Kish8 Tandon OBE Charity N(wnber In Northern Ireland NIC1W2412 Company Reglstratlon Numbèr. Nioe03e9 R•gl8tsr•d Offlce and Prfnclpal Addle8• Ollve Tr88 House 23 Fountain Street Belfa$l 8T15EA Northwn Ireland Audltorn DKfcA Llmlt8d Ormeau House 91-97 Omwu Road B?Ilast BT7 1SH Prlnclpal 8ankor• 8aftk of IrelaTh 1 Doneg811 Square South Belfast BT15LR NOrtI￿n Ireland s￿￿t0￿• C4rxin McDowell LLP Murray Hou8e, 4 Murray Street 8elfast BT16DN NortI￿n Irdand Arts Ekta IA compAlly Ilmtt•d ty U￿rnntffj not havlng a ¥har• TRUSTEES. ANNUAL REPORT tha finarbial year ended 31 March 2025 The tmstees present their Trustee8' Annual Report, comblning the Directorl Rwrt and Truste￿ Rewt. and the audited finandai statsments for the financial year ended 31 Marth 202S. The financtal $tatemanl8 arn pr•pared in a￿Ordance vllh the Companles Act 20LE. FRS 1Iy2 Tr Flnancial Reportlng Standard applicable in the UK and Repubb¢ of Ir8land' and knundng and Rèporting by Charits8'. Stal8ment of Recommended Practlcé 8pplicabl8 to charltles praparfng thelr flnandal siat8rnenls In armrdaw with the Ftnandal Reporting sta￿￿ard applicable in the UK and Republic Df Ir6land (FRS 1021. The TFUStees' Report contalns th6 Infomiation Nuired io be provlded in Tru5tae¥ AnrKtal Report under lh¢ Slalemenl of Re￿rnmen￿ed Practice (SORP) guldellnes. Th8 Irujtees of the are aL80 charity trustses for th8 wrpose of tharfty18w and under the c*arfVs constitirtron are knrrMI 28 memL*rs olts board oftrustees. In thls rewrt the trusts88 of Arts Ekla present o summary of its purp(Ise. governar￿, acl1vtU￿. ac*iev8ment¥ and fin￿￿8 for the finarKlal year 31 Morch 2025.. Th& charity 1$ a regl¥lered charity and hence the report and ￿3￿￿$ are preaented in a form which o)mplias vllh the requirements of the Comparlles Act 2006 and, although not obliged to ¢ompfy vlth the Staternent of Recommended PrA(*ce appllcable in the UK arKt Repubtic of Iretand FRS 102, the organisatlon has Im*mented its [er￿mM6￿￿ati0ns where rel8vant rn the8& fina￿￿81 Statements. OBJECTIVES &ACTMTES sEkta Is e$￿￿1shed for the advanc4ment of intsNliural exchange and lo prom(th elhnt 8rt8 to peopltr from the rthh and South of Ireland regardless of age, gendeA, dlsabillty, sexual orlerrtatton, nalonauty. ethnlc Identity. pottUc81 or relvJws Opin￿n. PtsEkta unites tho stawlory aulhoritles, commurty voluntsry organl8ation8 and ullzens in common effort to prMth intsgration arKI indu81on The obFGts ofthe charty ara ts.. (1) To womote Indlan 8nd eihnlc art8, culture Mritay ty: Organising, promoting. pr8Mnting, pmdudng Bnd m￿aOng festivds. concerts. perfrymancas. events, broadcasts, entertwnmenls arKI exhlbitions: Stlmulattng art(8tic tte*l￿ty of pe08 by the oftrthrt, yporL Ixylties fu artistic expro8slon and the oppthjnlty to take ￿rt In performan￿., EnLxwragiw appr8dati￿ for, under8f8ndlng ol and acbva partKapation kn Indlan 8rKI ethnk arts, Lthie and hedtoy. (2) To a0￿rta ￿4nMUnty d8v¢lopment and, Irb Wlcular. the promoucffi ofthe and voluntsry 5￿tOr for the benefit of the publlc by provldlng 8UPPOrt, Infom7aUon. 8epkn8, and fad[￿e$ to Commun￿ and voluntary groups Wxl efmur8glng and fadlltsllng stKh organl8atlonJ to parw In arts 8nd culiural events. (3} To promote integraJon, s￿l￿10n. c*rfws6ty and equallty, c￿tUral unde{sta￿V and 8oaal o)hethn. ArtsEkta has Ir#no1￿ these objects Into a 8trataglc VISI￿ for tho Wi8a¢M covwwvJ the 2(Y24 to Mw 21Y29. indusive s￿Iety that different oJlture8 and C4￿M￿Nbel In Nort1￿￿ IreF&id M186th Encourage cultsral understandlty ty del￿¢￿￿ hnovadve arts 8fKI Pro9￿me5 In th8 heart of tho ￿mmunty. Bellets & v￿ue¥ Arts Ekta (A ¢ompany Ilmlt•d by quaranteo, not havlng a sh&rn ￿pIta TRUSTEES. ANNUAL REPORT forthe finandal year ended 31 Marth 2025 We believe that 8rts aThY h￿{aga are FMrful fadtilators of ¥￿I&8Mlng We believe in emptyworing p8qAe and communitie$ to tdl &xcharuo thelr own 8torles We value all peopl8 af¥J bell8v8 no on8 Should fac• Imnlers to partkipau We believ8 that 8 8trong Intercultural o)mmurNty Of skJll8d artlsts, staff and govemors is essenti￿ to pursuing ¢)ur mlssh)n We believe that qualty, evaluauon, karrlng and 8re Inked and LDJerpin Suc￿¥ Ive vaiue and re¢ognl$e ts dedIcatI￿ ar￿ C4Jmmltm￿t of our team We value collodNe aclN?n and working wlh others to improve vrterojttural urNJwstan(Ing W6 believe in opemess. transparency and honesty kn all we do. Grovr. Implement stratsgic ptogrammos ond develjp semces thot for￿ on c(rf)solidalion, grthyth and lience R•a¢h: Develop aw8r8ness ofthe cKgani88lKin and 8Xtend It8 cmdlons. profle arKI fftlluence Sharo: Devebp cyeative LXStl8b)ralions and pWtners￿pS that ueate synew8s 8cre88 88ctor8 C•rn: Be a fft lor PLfPO8e organl3atlon sO￿d govemance, Str￿￿rea 8yStem8 Publk B•nefft We have referred to ChariU￿ Cornmi85ion'8 gui¢kn¢ on puilic bertfft whan revithwyry our alms ar¥J abi￿*v￿ and In plannlng our futyre a¢tivrtle$. In parUGular, the Direclors ccx)8kler hcA¥ plonnad activitie8 wil C￿tribUte to the alms arAI obje&ives they have oeL OLK Pubilc Be￿fit InclLKles'. Provision of high quality. low ¢ost arKI a￿s￿b]e wts, GLkn Enl heritage events fr)r membèrs ofthe gener p￿knc to ￿gage wllh as aLbJl8nc68 8nd parikipants Provision of subsldsed arts, culwral arKJ hedtage outrexh Pfogrammes a(¥oss education and community settings. in adrfition ta em￿oyment and profe￿i0naI development Fwgr8mrnes for cro•tive practitioners primarity in the loc￿ art8 sector P[V￿)n of 8ubshJised intsrujliural exc*ange pragrammes that help to oimbat radsm 8ertarfwlsm and l•¥d to tho devek*F*nent of a shared arvJ vlbtant sodoty STRUCTUR& GOVERNANCE & MANAGEMENT Gov•rnlng Documonl 8Ekla 18 rtyistared vith Tr* Chodty Commlssh)n for Ncilhem Ir8laThJ (NIC102412) and C￿nPanY Ilmlted gUar￿le8 INIIJ60389). Th8 compary w89 formally constiiutod on the 4th August 20IX. orgaiysallon operates in accOrd￿rA w]th a legalty defined meM￿anduM and arttdtis ol assoda11o￿ PtsEkta subskl company Ekta Events G.l.C. Appolnbn•nt of n•w dlrectorn A• ¥et out Fn tho Artides of A8>x4atton the dlrgctors we apOnt&J at the ArnLo1 G￿ra¥ Meetiry. The Board ot Dtre¢Xors may 9180 appoint a r￿dire{lor al a General Meeting. In these eArvJm5tances the dir&*rso 8pOnfed hoid8 office onty until Ihe n&xt Annual Ganaral MeattrvJ. The dkethr8 aro nat remunerated ofthe vdlmw 6ervl¢es provbde as alr￿torS ofthe charfty. Arts Ekta IA ¢omp•ny Ilmltad ty gtwantso, not ￿vIng * ¥h•r• w)ItaD TRUSTEES, ANNUAL REPORT for the financ481 year eThled 31 March 21Y25 OrganIsatlonal Structuro Th6 Board of Dlreclors adminlsterg the dwity. The Bowd meets quarterty sub commltte06 may be Conv￿ on needs ba81s to assist wilh spe(?fic operatrinal areas. A Businoss Management Team {BMT) are apw)Inted by the Diractors lo are appolnted by the Oiradors lo m8nage Ihe day to day operations of the charity. Thy are a￿lsted Imth freelance staff who are tasked wth sperifi¢ projed management responsibl￿ties. To faalitalg effedive operations, tha BMT has delegated authorlty, wlthln the tems oldelegallon approved by the direclcrfs, fr)r operation85 matters indudlng fingrlce, marketing. s81ès, woject management. emF4oyment and Ihe artlstic programmè of the ¢harity. During the pedod. Ihg BMT conslsled of folknmng p08itions: Nlsha Tandon Kirshan Tandon Am McFarlane Nabeela Yasin-lannel Tara Salin80 Sonia Mccourt Chlef &xe¢ulive Creative ProdLrcer Creative En amenl Mana Admlnlstratlon & O erab'ons Ofker Admlnlstr2tion A8SiStant Markelin Asslslant The c*8tlty oper8tes ￿ a renge of pollcles relating to rlsk management, equal opporbjnlttes, child prote¢titin, health & satsty, wnlliGts of interesl and finanogl controls. Policies are feviewed 8nnualty. The Dlreclord have undertaken an assessment of rtsK pr48entad monilored vta a rl¥k ragi8tèr, and measures afe In phca io mirimlst rtGks lo operations. Inductlan and tralnlng of the dlroctorn Nthv directors are briefed on their legal obligations undef tharity and company18w. the conlonls of the rn8ffl0rnndum ond arUde8 of assodallon. the operatton and decisloTrmaknn9 proce88e8 ofthe Boar& tho businesi F￿aTr. and recent financlal performanek of the Lharfty. Tho dlrectots are eno)urawd to experlen¢e the wcrk of th¢ charity first hand arKI attend external Irainln9 PTogTamme8 to hèlp thern fulfil thoir role. R•latod P4rth• In 2013, the directors of the chgrity eslat4ish•cl a wholly owned Iradlng subsldiary, Ekta Events CIC, in order lo deliver ¢xmmercial activities whlch lall outsldethe tharitable c*je¢ts. There Is an Intercompeny tradin9 relalkmship &sts￿Shed betr￿an ArtsEkts arKf Ekla Evenls CIC. Each yearthe Iradinp ￿)mp8nY aims to m&ke a charltat4e donation from profits to the cherity and It also pays management lees to o)ver Ihe co8ts of the rescurces ￿￿d. A Metnor8ndum of UTrlerslandlno has been agreed by eaGh C4)mpany othlinlng the trading re18tton8hip and vrt)rking arrangements. ACHIEVEMENTS & PERFORMANCE8 In the perlod uTraer r￿eW ArtsEkts ¢ontlnued to produce hlgh qualty, best praL*ce inthatives delNerfng posthety on Interllnked t￿Me8 of InteTcultural exchange. good relations and cuhural diversity auoss the art8. 8dLLa1K￿, tourism, )mmunity ¥rKI herttag8 8ector¥. PrggrammtrYJ aLINity tlwough the y•8r 8ttraL*ed a tlvo a￿ence 01123,870 peopl• and 5.337 partlclpants. How much dkl w• do? How well do It7 123.870 attended 95 8verrts c•tebr8¥ng rAJrtw81 diversty IndLKltn9 the Mela 1 MOJ￿ fejtlval (Mel8) on Ilm8 by 2025 5337 pa¥ti(ip8nts took part In 519 InterLwFtural dvwsfty workshops 1 major Interwrtural outreath programme delNered on time by March 2025 . 42 partiL¥P3rt8 from asytum Seeker reft￿o8 mmunity took pert In 30 vth(8hops 43% 01 tho programme Worked directy with 8AME txmmuntUe8 • 53 BAME wbcipants Ifom otdw commi￿￿0$ took wt In 3e wth8hop6 V2% of attendee8 to ev￿ rated gwd to vwy 34 8AME arthts offered 8UStalfied èmploymen¢ through programmo . S£% ol parwnts In *Drk8tKV rated thom to good 27 yther8hips a¢706s dlfferent aethrs SY/0 cf BAME partkypants rated the ¥w¥i￿ of the orggnlsatlon as good to very good Nthv mcdd for BAME busine68 8Lf Arts Ekta (A ¢ompany ¥mlt•d ty guarant•4 not hAvlno asharn Cap￿ TRUSTEES, ANNUAL REPORT ft)r thè finanaal Y￿ ended 31 Marth 2026 e8tablk%hed ￿th reoJrring funrfin9 per yaar. Over three year8 ha8 been delfvered In partner8hip Social Enterp￿Se Academy 100% of BAME artists omptoyed ratedthe 1xg8ni8at￿n 88 o W to very WDd ernployèr 100% of new patherships fornied are beiny retained beyond March 2025 42 volunleeryJ were erKJaged 42 volunteer3 were reLwlted Is anyone better Off (number)? Is anyone b¢tter off (pèrc•ntsgol? 124,038 attendees or partidpants reported p081Uv8 thange in atknttKl￿ t(y*aTds OIW cornmuruueg and cultures 96% 01 attendee5 or p8rt1(apants feported posltive change In attIt￿leS ttrwards Oth￿ ¢ommwNtse8 aThl ¢uliurès. * 2449 BAME participants r8P)rt*J inm8ad b¢longirKJ, Improved ¥￿1[belng and increased sklll$ 9W• of BAME paftidp&nts rewted IrKreased belonging. improved ￿1[beIng. 32 BAJAE art?sts reported Intxe88ed sklllg and empbyabll 96% of BAME artlsts rewtsd In¢re* sklls and employablllly 38 volunteeT5 Teported an inuea8e In tran8ferablè skills for fuiure employment 91% of volunteers reported an inixease In tran￿erable Ik for fuiure employmanl 3 new 8AME groups reported a posittve Inm88 in their orgaAi¥ational ¢apadty 100% of nth¥ BAME groups reported a In￿g8s¢ In th¢lr organisational •ty 115.199 people report an appr¥latlon fof the dlverslty of culture¥ in Nl 93% of oudkn¢es report an apw&Satton for the divarsity of ￿ltureS in Nl B¢lla$t M61• O¥w Ihe year we delNgred the 18th edrtlon ol Notsm lre￿rXj'É larw ￿￿t￿*bon of cajltwd dfver&ty. The festival fealuwd over events over nino day5 employing 358 local ayists and attracong a I￿e audience 0140,108 people. This yeart¥ programme fe￿red flagship openlng and do￿n9 event8 Induding Mela ca￿￿Val 81x088 Bdfa¥t City Ceftlra the 17h August, finlshing Imth Mela Day at Botan1¢ Garden5 on 251h August Mela CamNal, in its 3rd year, featured rK8wly 1,Ot)) 10¢81 participant8 in a camivd parade from Writers Square to Clty Hall, ￿lowed by a dramatic aerial 8pethde in the grounds of Clty HalL Alongsid6 trè large ¥cale O￿ts was a fiJrther programme of events betsveen 18th to 241h August al varylng scales In dlfferent venues and WI￿1¢ $pac48 acro88 the ¢ity. The key impaLt results fr¢Jm the festival aro summarbSed belsm. Engag•m•nt 40,1C6 attendee5 1,3C6 partkgpants Key audience derwraphlcwas women aged 31-5) attendiTrJ In f8mlty groups 3￿ oflhe audienc4 were first lime attendeas demonstratirYJ d8Ye[0pn￿t from new yogrammo elemonts 356 kxal 8rti8ts employed *iih eo% from BAME ¢ommunlties 38 vdunleer8 Audlencg exp•rl•nco 85% of aLKIteTh￿ rnted Iha ovaral feslhal gocwj to extremdy good 72% of aLMliences reported IrwAeaseé awareness of culiural (fversity 82% of audiences felt the lestlval ￿mOted Belf831 as an Irdusive and wetcomlng dty 87% of audiences agreed that Mela should conbnue over a full we8k and would attend again firtwe The top three of aud￿￿46 V*Yxrfd ￿ko to o)nllnthi to 808 W8100(1o wents, lale nw ouldoc famity events E¢onoml¢ lfflp•ct . For every £1 of publlc fundirg i￿￿$18d, £5.65 wa8 generated for the kxal economy Tth a tk*l dtrecl economk Arts Ekta (A Company Ilmltfjd hy guiran(00, not IH¥lng 1 8h•r• ¢*plta TRUSTEES. ANNUAL REPORT ft)r the finawal year end￿ 31 March 2025 Impact of£1,049.S86 40% ottha audlenc8 vlsfted outside of Belfast Madh coverage • 27.45m press and broadwt rea¢h 298 medla pleces £1m pAfvertising value eWNalent The 8￿1 was pdndpdty tsrKlgd by Belfast Clty Coundl. Executive Offic8 and C¢)mmmity Relations Councll, with r)XPOTate sponsorship from Sensata Technob*s arKI UTV. cul￿￿1 Coach fylth PTinrip81 r￿dIng frL¥n the Art8 Council of Northem Ireland via its Annual Fundlng PYogYammq ArtsEkts contlTwJ¢d lo ddfver Its hlghty s(kxes8fu1'C￿r8l Coath. wgramme, The Cuttural Coath Programme Is PAtsEkts'8 moN)r outreach intttthe provvjing arts and inter￿ltUrd1 VKxk8hops to people of all ages xr05s Northem Ireland. cUl￿ra[ Coach Comprises dellvery of Introduraory s8ssbJis to multknrts ftjrms duTirvJ 'One World Days or extended Cultural Coac* programmes where pa￿cIpants ￿￿bled to kn more dosely wllh minority ethnlc artists to oxplore Ihe 8torie8. dan¢x. drama. folkloro and traditions, visual arts ar crafts of a county of tslf cholce in m￿& depth. The progr￿me Is Ilexible, 8￿ible to all age8. partKip8tory and eKourages people to extend thetr Imaglnation, ¢reallv8 skills arKt awakens cwaciousness and oJri(xity lttwards other res. 'Oro World Days, and the CultrKal Coth extended programme were detivergd In p8vti￿nI¥p vAth reglonal a￿{ tocal community orgarl8ation8 over the 12 month period of the prowamme. ov￿ 2024r25. we have cOMmer￿d tsvo rffjw engagement programm¢J Induding Storytsuing wdect'lAyrtad World8', 4￿j dimate adon programme Vlorfd8 Cdllde. In addltion to the o)re pmgfamme, ArtsEkta for and dellvered a sertes of Sm￿1 erwement projerts over Ihe year includlng Arts Coundl Art8 & Older Peopl6 programme and the Arts Council Youth & Wellb8lng (Arti￿J1ate Programme) and the Arts Counul Rural Engagement Arts Progrnmrno. Th889 propd8. t8rpted at vulnerabie communities, were comphled by sept￿nb￿r 2024. Art Routs Collo¢tlv• Our ongolng Servke Level A￿eement wth th• Publk Health AgenLy conltnues to 8natrAe a concentrth pwammè ofwork wtih Asylum Seekers and Refugees. Art Routa Collective works Y￿th refvgee and asylum 8eekers the alm of Improviry emotional hearth and soca81 wellbeiry. We have (tntinued ¢yJr work wlh a group of women from Syrfl Somalia, Kurdistan and ZImbal￿ to developthetr personal skbll8 and s￿F￿rtth￿rcUttur￿I kJentythrO￿3h wtidpthe arts based progr4mme$ on a w¢ekty ba818, Lltd• Amal A comm18slon 01 £250,CKIO wa8 secLYed from Bolkst Clty Coundl under the Belfa8t2024 ￿IbJral FW9Tamffle to defver Uttle Amal. This would be a m*r new pralect lor organlsatjon wlth wllsllc developmort parbiipati(Jn, 8ki118 developmont gt Its ¢we. Lliue Amal Is 12 foot puppet of a 10 year old Sydan refugee chihj atts heart of The Walk She h88 beLYJme a global 8ymtd of human rights, espeGially those of refugees. Slnca July 2021, h38 travelled over 6.or)J mll&s lo 97 t(￿￿# aThl cities in 15 couniries and been wekomed by Thiore than a million on the slrert IrK)udlng hundreds of artlsts and S(￿lety 8nd faith b8ad8rs. a5 W811 as by ten5 of milion5 online. Hwlourneyg are fesllwdls ofart ar￿ hope that draw attention to the hu98 numbers of (*ikJren fleeing war. V(￿rte and por5eaJthJn. each with thdr uwn Story. ArtsEkts ueated a lour day fe81fval to welcom8 Uttle Amal betswen 10th- 191h May. feathd nin• 8itfrspKM¢ The key ImpaL* from the fesbval *e S￿7M￿ls0d belw. m8nt Arts Ekta IA ¢ompJny Ilmtt•d by gu4rant••, not haylng & Shara ¢Wt•l) TRUSTEES. ANNUAL REPORT forthe finanaal year ended 31 March 2£r25 8424 8tterxlees 1022 particw?ants 284 Cf8ats've8, pro¢kn6 and pra(*xkn oxperts 75k dlgitsl reach 11 cultsJral and GommuNty partnerships Key audlenGe dernogra￿l¢ was famlli8$. Inlly￿￿￿d by the mothw betrween 2444 from a ¢708s communty background. and has Ilkely attendejj arts or >de8wJn o)4Yeation to delNer long-lenn ￿ative resldendes ￿￿thIn rA)mmunities ladng inequ8llties, partI￿[arlY a8ylum 8eekers, refugees. rw M￿ra￿ls, older people, ond thos8 affected by depriv8tlon and confllcl legacies. These resldenaes wll explore ¢wltwal Idenbty, heritam and tradrtion8. fosterfn9 ¥￿Ibei1VJ, belongiw. emp¢7wemienL and socjal ￿h8$￿)n. A central strand Is a commissloning prc•3fdmme for culluralty dlverse artt8ts. addressing the tTrder-r8pre58nfation of thoir work In Northem Ireiand. Many new mwnt 8rt18ts f8c* barriers 8tKh a8 language and lear of fornal fundlng Struc#￿88. As a tntsled enty pdnt. AtsEkta *lll support ts8e ar￿11$ to Intagrate mora effethvety Into tha aedor and crnate new soddly engaged The projeci will also d&veEop pathways for dfD88f, disabled, 8nd neuro(fiver8e athst8 from CLdlurally diverse bxkgfounds. Thls responds to ArtsEkta's research Nghlighting ¢rt￿C￿lY I¢y•V representstlon. and wli Hidude producer training and Initia1v￿. Furthemore. the prc4e¢tV*ill strerythen the*ideraJtural Sethrlhro￿h tralning, professSonal devdcyment, nientorii a¢kncxcy, and COn￿￿tarry. Evaluabons show ArtsEkia akeady pt8yJ a Igadership rolè in inteThlbA arts: th16 prograrnme will forn￿￿ its aedor 8UPP)rt ftmdlon and bLMld It￿￿terM ￿Pacity for dNef80 engagement F￿ally, a research partrw8tMp ￿ Queen'¥ UnIver￿ty WUI 868e8¥ the impac* of tho vth In r¢d lime. dea￿1￿ undorstsnding of 8oaalty ¢ngaged art8 transform IN8J and oml)oddlng knrlng au088 the sector. Ojfvg Tm Hou ar. hrtJEkts re4ocated into a ueabve and commu ' hub - Oliv¢ Trea HouBe - anth￿1 Arts Ekta IA company Ilm11￿ ty guafantso. not h3v5ng ¥ *hirn uplt•l) TRUSTEES. ANNUAL REPORT lorthe financA81 ye8r er¥aed 31 Marth 2025 operats'ons In Ihe city centre. Under o(r Gtewdrdshlp, this space has b8￿me a vlbrantvenue tor intsrcullural &xchary. 8rtlstic Innowation. and communty engagement-a tangible 8xpresslJn of our misslon to fots I￿rtural cgJnrnc*tv through shared ueative experiences. The rfrloealionwas supported by Belfast City Counol'sVa¢antttiVibr8rrtscheme. Ovw the reportlrKJ P8riod, Olive Treè House ha8 doveloped 118 rcla as a c*ntr81 platrm for detivertng: Dynamlc ctsllural programmès that rèflect and celebrala Belfast's rich d￿rSIty. Workshops. perfomwnce8. aThJ o)rnmunlty events Ihat Inter￿t￿th t￿¢ader knlliatNes acm88 the CLthral and c￿mMunity 8èCtors Stakeholder enga9em8nt opportunities. vAwre local ardsts, ￿rts￿l￿. and parttcipants Goltaborate to oxthaffje h6rits98. crea*vity, and sloryteifiTrJ. Feasibllity and market testing for a pmanent mulll4>Jllural hub kn tho ¢* ortveTree House has notabty inm$ed aC￿sIbIllty to (Iverse audlences thrwgh Indusive programming and st￿ngthened community bonds by providlng a common space for culiural discovery arld a￿'StiC Ccillaborafion auoss demographi¢ arKJ ¥oc481 b0￿roUnd$. PEACEPLUS- Shared Roots Support¢d by tha Belfasl PEACEPLUS Local Actim Plan (fvnded fljrough tho 8pKial EU Programrnes Body in partnershlp whh the EU, UK Govemment, irtsh GOv￿Ment and Northem Ire18nd Ex￿u￿¥¢I, ArtsEkt8 launcw Sharad Roots proleel in early 2025. Shared Root8 18 designe¢J to C￿1￿*8 Inter￿l￿tta￿ under8tandng ond thbrate Beltasf6 Shwed herllag8 tPmLvJh multiple creative inleNtrntions.' Civk Voicos T￿atrO Progfdmm•: A ￿llaboratIVe pertormanca InlltatNe In partnership Kabosh TPthtre Compary, Inviting participants to co-create original stories from their ¢ullural experiences. H•rltage Tours and Tour Guld¢ Tralning: Guided exploraknons of Belta8V$ hidden horf*. Pl￿ acuedlled tralnlng lor new guldes a partner8hlp vAth Beifasl Met. Falth In Focus Clty Trall: A young people4rbvon ImmersNe tr￿1 comwmlng theatre andtethnow to expkne thg aty's faith heritage. Shared Space¥, Shared Storles Ev•nt8: ArU8tic and évents fosted In underutlS8ed h8rftag0 Ildings. bringing hlstori¢81 space8 ba¢k lo lire. Rltual* ol R•membran¢a: C￿￿ra1 exp￿ienCeS explorlrs bL¥ial trthon6 In ccllaboratlon wlth Cairdg fta Cille The 8h8red Roots pfo9ramme nFns from 2025 to 2027 and fo¢use8 on Belfast area, fomilng part of g broadar PEACEPLUS Mulil¢Llluralism to Intwalturali8m prolert and delfvered o)laborallvety by ￿kta, Cairda na CiH8, aThJ Kabosh Theatre Company By weaving together arts, stffjlrfj, l*ritage. arKI 1rte[ge￿ti0nal wtiopatson. Shared RO￿.. Amplilf¢$ communlty ¢oheslon cJJlWral Ilnes. Activates Bellasl's urban Arml spirttU81 herltage to Qnrich contemporary cultural dialogu•. Buikts new croativ8 capaciti08 tt¥ou9h acuedited trainiffj and 8tffjNr¥J. PEACEPLU8- IDEA Th8 IDEA Ilntergenerational 018logue ErKJaging Arts) Prwamme is a pknmerlng ￿MmunIty arts knillative uTrd8slgned under Dry-Lonthnderry'$ Local CommunltyActhin Plan and lunded underthe PEACEPLUS schemw partnwshlp bewn the European Unlon, the UK and Irish GovemmeTrts. and the Northwn Iroland Exethe. L8un¢W In Mar 2025 In the Der￿LondQndery aTra Strabane region, IDEA Is destgned to l0stsrund6r8tar￿Inq. ueauvlty. aTrJ •cross gEnerath)nal dvkles through arts4ed engagemerrt IDEA aimg to: IgnSle Intsrgeneratlonal exchange by invlting partK4pants of d(verne age8 to creallvety and relle¢ cdlectively ¢Jn eommunity identity aTrJ culture. Strengthen sdclal cohMI¢￿ and break dovm barylern thrwph coNaboralfve arts expwlonc88 th* celebrale Jth tradit￿ and inrtholi The wc4Jrwnme ha8 an q)en￿H ethos, 8ryJaging 8¢*mb, youth grryup8, ond o)mmLuW orwi8ation8 ta partldpate. maklng it broadty Ind￿1Ve.]I brlngs communths together through mujlc, dance, and Lyeative expw8ion, utsllsing the arts as a c¥l•ty8t for cOnne￿10n and understanding. IDEA reinforces Art8Ekta'$ miwon t¢ use Gulturd expression a6 a atform for dl8loguo, in¢lu¥ion, and Q%nm￿ty re8ilienc8. 8y centrfrwa intwgenerational and rnulliLwllural naffali through cxeatlve media, the pr(>3ramme 8]mB to cuhivate cross-oenwdonal empathy and mutugl wklerstth. 40 Arts Ekta IA ¢omp•ny Umlt•d ty gu•rant•o, no¢ havlny i •har• up TRUSTEES. ANNUAL REPORT lor the finonc4al year ended 31 M¥ch 2025 slrengthenlng bonds across dtfferent age groups and cuftural baGkground8. It aiso prcmot88 (xpaaty building by empowering partit>pants and organlsaJons to undertarKI and value eath oth8ffs artistic and p8rsonat 8toiies, helpi to unify the community through Shared arts experiences. Artlstlc D•v•lopm•nt ArtsEkta recognises the conlriblrtlon that artlsls are brlnglng to our 80dety, peTticula￿ from minoty ethn communlues and a&Jre8ses the need (or their profe8slonal dev6lopmenL We provide a platform of support in order to dgvelop and encoLtrage the indiwdual artist lo IIMish, whib at the same Ilm8 I￿lItat0]g leaming and ¢nter8Ction wilh indiger￿S communil￿S, enablirvj woSal Intsgratlon and ovic parUcipatiorL Over the year ArtsEkta ha$ conttnued to Support 42 artlsts trom BAME backgr¢)unds vrith Iralning needs asse8sments, ITh￿￿>￿$8 and signposted Ir8lniNJ. perfomian¢e opporturytses, proiod d8velopment supp)rt, nehI￿rkIng & publrc rdatlons opp)rtunil18s and acb'rvj as lee to &vo¢ats fer thè nÉed8 ofart15ts lo retevant stak¢hold8r. Fln•ncial Rovlew The restjts for the finanaal ye¥ are set out on page 17 and adtSdon81 notes oré SX*)vk1ed showlw trrnme and expendlture In greater detall. Flnanelal R••ults At the end of the finanaal year the charity has assets of £89).040 (2024 - £780,227) arKJ IlabllrtSes of £1,122 {2024- £7,341). Tho rffat a858ts 01 the d￿rity have increased ty £116.031 R•soNe¥ Posltion and Pollcy The Dlre¢tors havo complled a re8eNes to a&*ass the need of 8•CUflrwJ the vSability of knEkta twond the Immedia￿ fuiuffj. In order to be able to provide reliable services over the longer t￿. the company must be able to absorb setbadJme In th• fomi of resorvgs. It is tho o)mpany's inlantion to m8Wrtain a fund of unmtrt(*ad reservo5 at the equlvasent of 81x monlh8 lutwe cwe expenditure. The fiJnd would be utilised to provlde working capital to m8lntsln tho charity's level of operations,. in th8 avent of a 3hortFall in fvnding of core costs., to cover wnd-up co¥ts in the event the tharity ts¢es full or paitial dosufe.. to tske advantsge of change aNJ oppothnty", or to m￿gats against finanGial risks associated v￿th Ihe delivery of th8 programme, The charity currenty holds designated & unrestricted reserve5 of £546,185. Thls l¥ considered an adowata level needed to meetthe objectives of ¥ese￿88 poiicy and as such the Dweraor5 WHI contlnue to malntsln to thg r8seNeg levat. Inv￿lMInt pollcy and obJecllv Under thg Memorandum and Artldes of A88¢¥kn Iha charity h88 the pjwer to make any Investr￿ts the Diréctor8 See frt. The charity ￿rrentlY holds a levol of unffj51rithd ffjserves In the FlagstoM Cash Management Platfom aryoss easy and accounts to Ktruo 8 bvd of Interested on rewves held In cash. 11 Arts Ekta IA company Ilmlt•d by guarnnt••, not havlnq a *har• wiltall TRUSTEES. ANNUAL REPORT lor Ihe fu￿n￿al year ended 31 March 2025 Trustees The tsuslees who served Ihrougho¢A ts ffnano4 yew, except as notrf ￿re as t01kn￿.. Mr M Sharma MBE DL M8 H Francay Ms N Ferguson Ms A Lo MBE (Resigned 8 November 20241 Dr M S Kumar Ms J Smith Mr S McGarry Ms L Stevenson Ms P Ballantine In acwrdwc% ￿ the Constitution, th8 trustees reure ty rotation being ellgbie, offefthemth for rg4leckn. The sa• seNed dursng the finan￿1 year wa8: M5 Nizha Tandon OBE Complianco wlth Sectof-wldo L•9lslatlon and Standards The charity engages pry>aclivdy with leglslation, standBrds and codes whkh we devoioped lor tha 88t*)r. Arts E subscribes lo ar￿ is o)mpli8nt wlh the follo￿n9. The Compani88 Act 20L The Charit￿$ SORP IFRS 1￿2) The Audltor• The audilcrs. DNTCA Llmlted have indrc4tad thelr vAlllngne88 io contlnuè Mi ofke In 8¢¢0fd8n￿ the proviJlDns of S¢ctlon 485 of ts Companias Act 20tA. ApPrO￿d by the Boarf of Trugt•o• on 111125 and slgnèd on Its behalf by: 04( M¥ Nlsha Tandon OBE 8¢crgtsry 12 Arts Ekta IA company Ilmli •d by gu•r•nt••, nol havlng a •h•r• cap￿￿1) STATEMENT OF TRUSTEES, RESPONSIBILITIES for the finanoal year ended 31 March 2￿5 The trustees. who are also directors of Arts Ekta Ic< the purpose8 of wmpany kn, are respons1b￿ for preparirwj th6 flnanoal slatements in aGcordance with applicable and regulationg. Company18w réquirès the tru8tses as the directors lo prepare finandal statwnents for eath finanaal ye8r. Under tl)at law the trustees have elected to pigpare the financial statements In Accordance with United lfjngdom Generally Accoptsd Aminting Practtca (United Kingdom Accounting Slandard8 and appltcabte law) iThJuthng FRS102 'The FInan￿81 Reporting Standard applicable in the UK and Repubtlc of Ireland,. Under company law the trustees must not approve the financial statements Ltnfesg Ihey are Satisfied th&1 they gtve a true and falrview ofthe state of affairn olthe thaftty and of the nat income or eyn(liture ofthe dwrfty lor that petiad. ln pr6paTing these financtal statements, ths tru51ees are required to: select suitabl8 a&))untiNJ polictes arKI apply them ccn818tenUy; observe the methods and prfnctple8 in the Charities SORP make judgements and accliuntlng 8Stlmat6s that aT8 rèa80nabla and prt￿ent.. state whether the financial statements have been prepared in accordan￿ applkable acwunting 8tsndard$, Identify those starKl#rds, and note the effect and the ￿¥son& lor ony maleria] departure Irom thosa Standards,. and prepare Ihe finandal ststemenlB on the goin9 con¢em basi8 wles811 18 Inappropd8te lo presume that the charity 11 continug In 0￿r8tton. The tfust8ès aro reÉp¢Mible lor keeplng adequat8 acc4unting records that are sufflclenl to shN and explain tho c*wity's Iran$a¢tions di8¢105e wth reasonable ￿JracY at any tiffle the financial posltton ofthe charity and enabla them lo ensure that the finandal ststements o3mply ¥4ith Ihe Companie8 Act 20Cfj. They are also responsible for safeguarding the 8$8els of the c*arfty and herKe ￿n9 reasonable steps for thè w8vention and detedon of fraLKI and other irregl￿8rityfj8. In •0 far 08 the Iru8tee8 are aware., there is rK) relevant audit Informatton Ilnfornation needed by the (*aittys a￿￿[tor In cOnne￿On wth prepwlng t B￿lit0￿$ report) ofththld) the charity's auditor is Lmaw8ra. and Iho Iw8t¢e8 have laken 81] the sleps that Ihey ought to have tsken as trustees in order to make Ihem28t¥8s aware of any relevant authl Infomwuon and lo eJtabts8h IfAt tm c*ariV8 authtpr 18 of that Informali Approved by tho Board of TruJte8B on 12.J126 and •lgnod on il• bohaK ty: Mr M Sharni MBE DL TfU8tse 13 INDEPENDENT AUDITOR'S REPORT to tho Members ofArts Ekta (A comp•ny1lmlthd ty guarnnw. not h4vlng • •h•r• uplts11 Report on the audlt ofthe flnanclal statements Oplnl¢n We have audited the chaflty firAndal statements ofArts Ekts I'lhe charity) for the fin8ndal yBar en(kd 31 ma￿ 2025 which comprise the Stalernent of Finandal Activilles unco￿Or211￿g an Ino)me and ExpendtLure AcC￿nt), th8 Balance Sh861, th8 Statement of Cash Hows and note$ 14) the financial statements, Inthding tha summary of slgnificant accounting policae5 set out In nots 2. The fin￿￿81 reporting frarnework that ha8 been applled In their rxeparalon Is applicable law and United iQngdom A￿OUnting Standard8, induclirg FRS 102 'The Flnaneial Rep￿￿r¥j Stsndard applicable in the UK a￿j Republic of Iretan&' and A¢￿unting and Reporting by Chariti88.' Statemenl of Re(x¥nmended PracW a￿1(￿LIe to ¢harit5es weparing thelr ac(yJwits In accorda￿• FRS 102. In our opl￿on. when reporting Di awd8ne8 With 8 fair pTe8entation framework the finandal ststemenl8: gi￿ a true and fair Mew of lh¢ $lale of the charliys affairs as 8131 Match 2025 and of ils surplus tr the flnanctal year then endad". hava boon properly prepared in accordance wth Ktrydcm G￿rallY Ac&*Pted A£counlw PreKtirA', and have been prepared in accordance Ihe requirements of the Companies Art2006. Ba819 lor oplnion We conducted our audit In aco)rdanc8 with Intemational Standard8 on AudiliThJ (UK) {ISAs (UK)) and ap*ble law. Our re8ponslbllllles under those stsndards are fttrther descrtbed In the Auditorfs responsibilitles for th8 audlt ol thè f￿18n(aal ststements section of ow repofL We ara indepand8nl ol lh8 charity in aLxordance w(th etNcal requlrements that are relevant to wr au(It ofthe Ilnandal stst¢ments tn the UK, kndudlng the FRC'S Eth￿1 StAfvJard, and we have fuffillfjd aur other ethical responsibilities in afxordance V*ith thes8 roquirements, We believe that the a￿j11 ￿dence we havé obtwr*d is suffiaent arKI appropdate to provlde a ba818 Icy our opinlon. Conclu•lotYJ Mlatlng to goln9 concern In auditing the &nwaal 8talernents. we have condudod that tm trustees, use olthe golng rL¥w bajb ofacc1)￿lIn9 in the preparaliDn ofthe financlal statements is appropriate. Based on the work￿* h8ve perf￿M¢d. we hav& not identified ary malerigl (r￿ertaIn￿e5 relatlro to events orcon&rtk>n¥ ihal, indivldually or collecuvely. may cast ￿gnificant doubl on tm chathtys ability to ￿ntinue as a svlng concem for a of atloast twelve months from tha date when finWKT￿ statoments are authorised ftjr Mue. Our responsibiliues and the re8pon8ibllitle8 of the trustees with respeci to g(xng sxncam are desuibed kn the relevant 8e¢Xtons of this rewt Other Infomiatlon The other Infomatbn ¢omprl8e8 the Infrmkn Ind￿j•d In the rwt other than thg finanda statements and Auditorfa Reportlhereon. The trustee5 are responsib￿ for the other 5nformatlon contslned ￿1n the annual r8porL Our opinion on the finanoal slatemonts do86 not Cover the other infomalion and, except lo the extent oth6Th￿ expli¢illy stat&a in our rep)rt, wa do not express ￿)Y fomi of ￿sUrance ￿r}dusk)n Iherecffi. Our re$F￿sIbilIty is to read tho olhar informadon and, in dolrvj 50, CaY8idef ￿ether +h sxher inlomla0c￿ Is maler In￿nSistent with the finanri81 ststements or ow kno￿edge obtained in Ihe C£*ur8e of the a￿lit, or appear510 be Materfal￿ mlsstated. If Y￿ identfy such matsrfal I￿n$￿te￿I]eS orapparent maleria misstatements, weare req￿red to detem)Ine whether thi5 glves Ti8e to a mateTlal mlsststement in the flnanraal statements themselves. If, based on th we have pertormwd, we condude that there18 a material mi6818t￿lent of this other informali(Jn, V+P are requirad to report that fact. We have nothlng to report In th1$ regard. Oplnl•n on oth•r matt•r pr4￿rIb•d by tha C¢xnynl•s Act 2006 In our opinion. based ￿ the work undertaken in the cour86 ofthe a￿lIt. the info￿allOn given in the Tnjstees, Anf￿1 Rep)rt Ihe fina￿*1 year ts vthith lh8 fllwicial statsmenta are prep•rad 1$ rKfislstent vlth the fln8n¢ial 8talement8.' • the TfU8te68' Annu8J R¢pprt ha¥ boon prepar￿ In accordance ￿l￿ble legal reqrjrements. 14 INDEPENDENT AUDITOR'S REPORT to the Members ofArts Ekts IA company Ilmligd by guarant••, not havlng • shar• ¢aW) Matters on whlch ￿ arn requlr•d to report by •xceptlon In th8 light of our knovAedge and wderstsnding of the charity aNI lis e￿rOnment obtalned In the ccurse of tho aud we have not Idenufied matedal mlsstatemenls in the Trustees. Ann￿[ Report. We have rk)thirYJ to report tn respect of th¢ lolltrwlng matterd ￿ther0 the Companies Acl 2Cth requlre8 UB to report to you if. in our oplnion: adequate accounting reo)rds have not been kepl.. or the financral staternenls are not in agreefflenl with th6 8cawnting records and r8lum8; or certsin d18closur88 of tW8le88' remuneralion $peafi8d ty law are not made,. or the Iruslees were not enlitted to prepare the financ4al stal8menls in 8¢uJrdarKe wlth the sm41 ¢xmpanl88 1&2im8 and take advantage ofthe small comp8nles' exempth)n in pw)aring the Tru8tse& Annual Report. R•8ponslbilltles of trU8t￿ fortho flnanelal ststornents A8 explanod more fully in the Statement of TfUStee8' RèspJnslb51iUes set out on page 7, trustees are responsible ror the prep8ratlon of the fin￿481 statements and for being sallsfied that they glve a true and Pdir view, arKI for $l￿h Intemal control as Itw detefmlne Is necessary to enable Ihe preparatlon of tlnandal ststemen18 that are free from matsrial mlsstalemenL Ythether due to fraL¥J or errty. In preparing the *nanGia statemerts, the tnJslee5 are responsible for a$$￿91n9 the ch81ity's ability to ¢ontinue ag goirvj ￿jnCerTr, disd￿r￿j, as applicable. matters rdated to going c￿c¢M and Ltslng th8 going concern ba818 01 accounting unless management either Intends to Nquidaie chwlty or t¢ ceAse operatfons. of h8s no re8li¥fic [na￿ve but to do so. Audltorfs regpon8lbllltl¢s for th8 audit of the financlal •tatements Our tsbjectives arè to obtsin reasonable assurance 8bout whether the flnancjol slalemonts 88 a vthol• wo tree from matedal misstaternent, whether due lo frBud or error. and to wue an Audltorfs Rwrt IF￿t indudes our OF4nlon. Reasonable aB¥urancè is a high l&vel ol assurance, but Is not a guarantee that an audlL conducted in aLwdance wlth ISA9 IUIQ ￿11 aNYay9 detect a matedal mlsslatement %then It exisis. Misstatements can arise from fraud or error and are L5￿sidered matertal if, IndlvtduaNy or in the aggregate, coukl r8&wn8bty be expethl to inftugn¢g 9￿)nomIC dea81ori8 of users taken on the basi8 oflhese ftn8ndal statements. Irregularit￿8, including fr8(Kl, are Instsncés ofnon•cornplianLE with and regulayons. We design pra(xdur88 in line th our responslbilities, outtined above. to detect material misstatern8nlS in respect of irreoularilies. Indudlng freud. The extsnt tO￿lth OLY w￿dL￿a3 are Ca￿[0 of detecaiTry irregtdarfrles, IndudlNJ detsled belcw. Ow approach to identifying and a55es51ng the risks of materid ml88t8tement in reBp8¢X of thgul8ritiè8. Indthling fraud and non rJ￿n￿lanCe with law5 and rewations, was a6 foU¢AY& • The engagement partherensured thatth8 engagemanttsam ccQth#Ndy had th8 appfoprlats c4mpeterKe. c4p8blHtle$ MTKI ¥kill¥ lo identify or r6cogni8e nOr￿COmplIanc￿ wlth apF4icabte laws and f6gulalicffjs," • We idontifiod the end regulali¢Yo 8pplkabie to Ihe ¢%mpwry through (18cussion8 wlth dlredor8 ￿ other managemenL Vve ft￿lSed on srAdfi¢ tWhB and regulalom ￿ we cd daims,. • Rewewng cOrre6p￿denCe wilh HMRC. Compani88 House arxl the company's adwsorj. There are inherent limitations in our audll procedu￿$ des¢ribed above. Tho more fEmoved that law8 and règut8tlork4 are from financlal transactlons, tha less Itkety11 Is thatwe would b8oJm8 8W8re of non￿cOmPlianC& AudI￿rKj stsndards olso Ilmtt the audit procedures FewiTed to identify noTrctmpltan*wth laws and regulations lo enquiry of the threctorn and other managem￿1 and the inspection ofrag￿8t￿Y 8nd legal o)rreswrKlence, If ￿y. Material misstaternents that arlse due lo fraL#I Gan be harder lo detect than thos8 that arlse from mr as ttw m involve deliberate ¢oncealment or collusion. A further des¢riptlon of our responslbllltles Is avallable an th& Financiat Rewtiry Co￿¢11,$ websts at. wth¥.frc.org.ukJauditor$respon8ibilities. This descriplion foim8 part of our auditoff s r¢porL Furth¢r Inlomiallon regardlng the scopg of Dur r88ponslbllltl08 a8 auditor As part of an audlt In wxdanc* bMth 1&45 (UKI. w8 exerciso professkjnal jwment and malntsln profes8ional pllrasm t￿￿houl the audlt. We also: Identify and asgess the risks of rnatertal mlsslatement of the financlal slatemenl8. vthelhLY due to fraud or error, deslgn and perfomi audit procedures re8pon$ive lo those risks, and obtsin audlt eVIden￿ that b suffident and appropri8t8 to provlde a ba8is for our oplnion. The risk of not deteclthg a material misstatement resulling from Itaud 18 higher than for one Te3ulting from ertor, a¥ fraud may irniolvo ojlluskjn, lor9ery, Inlenlional ￿188$0￿¥, m18r8prwrrtalions, or the override of intern81 Djntrol. Qbt8in an underslanrfing of inlemd control relevant to the aLKIIt In order to design audit procedures that are appropriate In the drcumstancei. but not for the purpvse of expresslng an opinlon on thè effectNeness of charitys intemal ¢ontrol. Ewdluats the approprfateness of accounliTra pollcl&s u￿d and tho rea8onablene88 of 8cuunlirwJ eslimales and relat¢d dlsdoJure8 made by Irustees. Condude on the approwateness of the trust8e8' use of tho golTr3 Con¢￿ basis of accounting and, based on audit ￿dence oblalned. whethèr a materfd urKertalnty e￿$ts related to events Of condthns th81 may ca•t significant doubt on the charity8 ability lo ￿ntInue ¥s a goirKJ concern. If we concludè that a materfal uncertainty a￿$18. we are required lo draw attention In our Audrtof8 Rer#Jl to the related dlsdosures in the finandal statements . if suth disdosures Bre inadequ8ts. to mojify t)ur opinlon. Our r>)ndugions are based on the audyt eviden c*twned up to the dale of ourAuditoe8 Rewrt Hsy*ffjver, future events orcorKJitions may cause the charftyto ￿a8¢ to continu8 as a going concem. Evaluate the overall presentath)n. Btructur8 and L*nlenl of the finanoal 8tatement8, Induding tha disclosu￿. and whether the finanGial 8tatsments Wr￿nt underlylng traw¢b'ons and events In a manner that achieves f* presentation. We cmimunleAte with those charged govemano regardiro, among other mattern, the Oonned soy and tÈmiN4 of thg a￿￿11 and ￿gnific8n1 a￿Jit find1￿8. any 8ignlficanl dekiW￿8$ in Internal control that vn klenllfy (*JrfiNJ audit The purpooe of our audltwork and to whom wo owe our r08p0￿1b1lI11e This r¢port i¥ made solely to the chariV8 rnemb6rs, as a bw. In 8ccordan¢oth Chath3 ofP*t16ofihe Companles Act 20M Our a￿￿ff( WOTk has been undertaken so that we mlght 8tsie lo chwiws [￿emb￿S those matters we aro requir8d to 8tate to them in an auditorfs re￿rt and ts no other puw. To the fuUe8t extent pemiitted by kni. we do not accept or 88sume ￿SpOnsIbIltytO 8nyorn other than the charity and the tharitys member¥ as a body, lor our audit worl ftjr th18 repo¢ or lorthe optnlons we hwe fcffiied. Mr Mike Nangle F for and on bo￿lf of DNTCA UMITED Ormeau House 91-97 Road Bdfast BTI 1SH Senlor Stalutory Audltor) 18 Arts Ekta (A Company Ilmlt•d by guarantq•, ￿thaVIng a >har• c4pIthI) STATEMENT OF FINANCIAL ACTIVITIES Vncorporalbng an In¢om• and Exp4ndttiir• A¢￿unt) for the finandal year ended 31 Mar¢th 2tr25 Unrntstrfctsd R•Jtri¢tod Funds Funds 2025 2025 Tolal Unrestrict8d Restrictsd Funds Fundi Funds 2025 2024 2024 Total Funds 2024 Notss In¢omB Charitable a¢tÈvllles Grants from govemmon and other ctrfurbder8 othar Ir￿ANna 500￿28 go0￿28 740.028 T40.fY28 2 189,220 189220 169,269 159.259 Totsl In¢om• 189,220 800,028 1,089248 159,259 740,028 899,287 Exp•ndllur• Charitablo thittes 180,363 791853 973,216 147,141 837,228 784,367 Not Incomd(•xpondlture) 8,837 107,175 116,032 12.118. 1(r2,802 114,920 Transfers belwn funds 1$7,234) (6,648) N¢t mo¥¢ment In fund• for the Ilnanctal year 1437n 1H409 111032 5.472 1Cfj.448 114.920 R•¢onclltsOon olfvnd•: Total funds begIn￿rtg ofthe 537,328 235,558 TIIW 531,856 128,110 857.968 Total funds at the end of the yoar 488.951 399,987 881,918 537,328 235.568 771886 The Stat&monl ol Flnandal Athitles i￿ludeS a gains a￿1 losse8 reo)gnised in the finant>al yow. AJI Income expendtture relats to cfJntimMng acts￿tIeS. 17 Arts Ekta IA company Ilmltod by guarantsg, not havin9 a •h¥g ompany Numbgr.. N1080389 BALANCE SHEET a8 al 31 Marth 2025 2024 Flxed Asseta Tangit)18 088ets 10 70I07 58,298 Current Asiot• stocks Debtors C8sh 81 bank BTrJ in h￿xI 11 12 13 2,551 JOl,621 315,361 2,551 120.555 698,825 819,533 721,931 Credltorn: Amounts falllng due wtthln one ye•r 14 (1,122) (7,3411 Not Currnnt As80ts 818011 714.590 Tolal AJ80ts1¢o9 Currnnt Llabllitw• 888,918 Fund8 Reslfkted trust fvnds nated ILmds {Unrestrkt¢d) Ggneral fvrnl (Lmrestrlcled) 399,967 260,000 228,961 235,558 110.(*)O 427,328 Total fund¥ 16 888,918 772,886 These finartial statements have been prepar￿ in ac¢ordarKe wlth tre S￿da1 FYomi(m rdating to *nall ￿￿nPanIos thin Part 15 ofthe Companles Ac* 2006. Appro¥•d by the Board of Tnmteu and authorleod for luuo on 1112.25 snd ￿9￿•d on Its tmhalf Mr M Sharn￿ MBE DL Trustée Tr* no* on p•Je¥ 20 to 27 lorm p4rt ofthe BtaIM￿ 18 Arts Ekta STATEMENT OF CASH FLOWS for tre financial year eTraed 31 Merch 2025 2024 Nots* Cash flows fr(*n oporatlng acllvltles Net movemtsnt in knds Adjustments for Depreciauon 118,032 114,920 23.029 10,157 139.061 12S.OTT Movements tn working capitaF: Movement in stocks Movement in debtors 4Mment In (xedl (2,551) 82,804 (12,038) 1375.666 162191 Cash (used Inll9enefated ttrom opwatlons (241824) 193292 Cash flovr4 frthn Inv￿lIft9 a¢tlvftl•s Paymonts to a4￿re taNaibli assets (25.241) 138,8731 Cash flow8 from flnan¢lng a¢tlvltloJ Advanc88 to 8ub8idk?rieslgroup compani (5,400) 123,0251 Not (dpcreasoylncroi*e In cq•h and cmh equlvalonts Cash and ¢a•h equlvalents at tho beglnnlng ofthe y•ar 1282,460) S98￿20 133,594 485,230 Ca8h and C￿1 oqulvatort• at th• ond of th4 y 13 315,380 598,824 Arts Ekta IA company Ilmltsd by guarnntBè, not havlng a ahar• caplta NOTES TO THE FINANCIAL STATEMENTS for the financoal year ended 31 March 2025 GENERAL INFORMATION Ekta 18 8 company I￿nitsd by guarants8 irL￿rporated in Northem Ireland. The reglstered office ofthe charity is OIN8 Tree House, 23 Fountain Street. Belfast 8T1 SEA Northern Ireknd thi¢h is also the prlnclp31 place of buwness of the tharfty. The fin*￿al ststements hwe been presentsd in PourMI {£) ￿ is 8180 tha fvnclion rreney ofthe chaoty. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The followin9 acLourtting polifaes have been appliéd ¢)Jn8istsnlty In de8llng Iternl whi(* are u)n8idartd m8terial In retalion to the ¢hariVs financial statements. Ba*ls of preparatlon Th8 financaal 8tatern8nl8 I￿Va be8n wepared underthe Nstorlcal cost c4xvenlion. modified lo IrKaude certain Items al fair value. The flnanctal statements have been prepared in aLvKdancé Ihe Ststèrn8nt of Recommended Practl¢e ISORPI "Accounting and Reporting by Charities preparlng thelr a(wunts in a(wrdwc8 wlih the Fknanoal Reporting Stand8rd 8ppll(aNe In the UK a￿j Republic of Ireland FRS 10r. As pemiitted by the Companios k* 2fJA, the tharity has varba the Standard forfflats In that act ￿ the Statement of Finandal Activiliè8 and the Balance Sheet OepartUTes from Ihe slandard fomiats ara to ¢ompty with the requirements of tha Cbarities SORP are In ￿￿pIlanc6 wlh 4.7, 10.6 and 15.2 of that SORP. St•tement of compllance Ttr￿ finar¢i¥l Ststements ol the Gharity for the finandal year ended 31 March 2024 have been prepared on thtr g(Mng a)n¢em basi3 end In accordano wlh the Statementol ReWMm￿d¢d Practice (SORP)'Ac¢ounting and Rewtng by Charities wepariTrJ their a¢c4)unts In accordancewlth the Nnand81 ReportirvJ StarKlard apFlicable in the UK and RepubtiG of Iroland FRS 102" Fund Kcountln9 The loNtrthng are the calegorleg offiJnd$ mdntaln*J: RMtrlct•d fund• Restricted funds ￿preSeTrt knts)m8 ￿e7ved whSth can onty be uged for part￿￿lar pupxal, 0$ ipoafied by th8 dcfm. Suth Pu￿se5 are within Ihe overaN objoGtives ofthe dwrity. Unr6strlcted funds UnreBtriLtsd ftnds consist Df General and D¢8lgnaled fiJTra8. Gen&al fund4 reve￿nt amounts Wtlch ar• gyndat48 al tho thstyslion of th8 board, In fvr[her￿ of Ob￿￿￿eS ofthe charity. Deslgnated fimd8 comprfse unrestricted funds that ￿ boaTd ha$. at its disueticn. set aside for partirxjlar purpo￿. These designations have an wJmln13trallve purpose onty, and do not legaly r85trti tha b)ar(f8 discretton to apply the fttnd. Income IrKy)me is re0￿￿150d by Indusion in the Stslementof Finanaal Actlvit*8 onty when lh8 charity is legally entirfed to Ihe IrKome, perf0M￿nc? condibons attached to tho item(sl of income hava been meL the amoLmts invdved can be measured suffiaent reliabdty arrfl it18 yobaLle tho1 the In￿rne wll be received ty the tharity. In¢om• from charhabh acthfltlo1 IrK¥mo from charitable aclmtses In¢ome eamed from the surpty of servi¢xs under c4)ntra￿U81 arranganents WKI fr￿n performBnce related gr4ntswhlL* have ¢onditioM Ihatspecatythe ￿510n01pzrttcU]¥ to be pr¢)￿ded by the chadty. Irwme from government arKI other I>>fth￿0rs is re(￿nISed when the (*arty is legalty entitted to th& i[￿C￿e because it18 ft￿fillTrng tho ¢>)nditlon8 o)ntslrbed in Ihe related fvnthng a￿ernents. ￿ere a gr8nl Is recewed In athnce, Ils recognition 1$ def￿r￿j and induded In Creditors. lthere Grants frrxn go¥emments and other C￿rn tyl4￿ty Ind￿ one of of conthfkm: * Perforffla￿ based (a)ndthn8.' •thby the C￿￿a￿lty en* to (mly to tho ￿Ont that tho ￿r? obiectlves ol the aweement are Ac*ieYed INhere the ctharfty Is meotiffj tha Ixyo cknJ8L*fv8s of • COntin￿d Arts Ekts {A ￿mpanY #mlt•d ty yu•r•nt••, n¢t ho￿￿9 • gh•v• e•pll*ll NOTES TO THE FINANCIAL STATEMENTS for the finanoal year ended 31 Marc* 2tY25 grant agreemert It r8cngrdses th6 rglated exwvjityre, to Ihe axtsnt th8111 Is wnbursobla by ts donor. a8 5n¢ome. rime ba38d ￿Jnd￿¢fiS. whereby tha charfty Is contracts￿￿ antldod to fvnthng on the condlllon that11 Is ullllsed in a partI￿lar peri)d. In these Gases the charlty F8¢X•Wtses the Income to th9 extentit is ulllsedwilhinthe period 8pocified in the agreement. In the abS8￿e of such condrfons, assumlng that recelpt Is probable and Ihe am￿jnI be relkqw measwed, grant income18 recognised orK6 the charity is notiftbd of enlillemenl. Gr*s receNed t￿rdS c%pit81 exp8nditwe ar6 rxadlted to Ihe Statement of Finanda AdivitsesMl￿l recelved or rec8iv8ble. wf+khwor is eart￿r. EXpendI￿r• ExpenditUl8 15 analysed betr￿n costs of charitable activities and raisin9 funds. The costs ol each 8diwty a Separately atxumulated and disclosed. and analysed according lo their major ￿Mponents. &xpendibJr8 is re￿niSed when a legal or ￿nStrUC￿Ve obllgatlon exl8ts a8 a result of a past evenl, a Iran$fer of e￿nOmiC bonefi18 18 requwed in 6ettl8m8nl and the amount of the oblHJalion can b8 reliaw measured. Support C￿StS ar¢ 80 fvnctions that assist Ihe work of the tharity tmrt r*nTYJt be attribJtsd to one a£tivity. Such costs are allocaled to actlvlties in ptcwuon to staff ￿ffle or other 8uhablg measure for eath a¢tlvtty. Golng Concem The Trustees hove not Idenllfled any melerfal uncert8lntle5 related to everrt8 or c&Y#Jith?n8 that may c48t 8lgnificAnt daubt aboutthe charky's abllity to ¢ontlnu8 a8 8 grjng ￿nceM. Tanglble fi￿d assets and depreclatlon Tangible fixed assets *e slated at c*JJt or at Val￿¢￿￿, le88 accumulated thWi8tion. The charge to depreaation la calcuLgted ta I￿]It off th6 original Cost or valuatton ol langlble fixed assats, less their eslimated residual v8lue, over their expected useful lives as follLW45". Fixturv, fittin9s arKI ￿ul￿ant Motor vehides Webslte 25% Reducing 8alan￿ M8llv 25% Reducing Balance Method Fulty dewecaatsd Invontorle• InventoTK?8 are stated at the Imr of cost 8nd nat reafi8abfe velu8. after rnakFng thft thffincefor obsolete and Moving items. Cost Includes ￿1 ￿$ts Inwrred in the normal rxjurse ol business in bringirva them to their wesent location and ¢ondilion. Inventorfes comprise fundralsirKJ materk49. ft18 not prartlcat4e to value Inventories ol Lnsokl donated goods at lh8 fin8ndal yoar eThl. Debkn$ affj rewntsed at the 80tt18menl arnount dug after ￿Y d18C￿nt offered. Prepayments we 81 Ihe arnO￿t prepard nat ofany trade dI￿unts d￿. Income recogftised bytho ctsrityfrom 004wnm8nt agenc588 and other c(pfund8Ts, but not yet r￿e1ved at finarksal year er#J,18 I￿￿￿ed In debtOTS. Cash at bank and In hand Cash at bank and in har￿ eA)mFrflses cash on (*p)slt at bar￿ r¢quldThJ three months notlce of Taxatlon and defvrrod taxatlon No rJJrrent or deferred tsxauon arfses a8 th8 tharfty ha8 boon w8rrted cliarfttho a¥wnpkn Irrocovwablo valued a&ded tax is expensed as Inc4Jtred. Defwred t8x IG racogimsed In respectolall timlng have orlginated trArtrh)trevwsedatthe baa)ce sheet date vh)ere transactkns or events have oc(yJrred at that dale that WHI fesult in an (￿Igation to pay more lax In the ftrtur8. or a right to pay1888 tax in the future. Tlming differerrn are temp￿Y ithfferences b¢iween the chgritls taxable income and tts results a8 Stated tn the finanLlal Statements. Delwod tax L4 measwed on Sn Und[￿Unte1l b881$ tsx ratel lh* •re ￿ticI￿A￿d to aFpty kn th• in whtL* the timirmj differer¥xs are expected to r6v6r8e. based on tax ratss and laws that twe been enactad or 3ubskntivety enothl ty Ihe batarK8 5heel dat ntinued Arts Ekta (A company Ilmlt•d by B￿rnnI8•, 1101 huvlng • sh•r• c•plia NOTES TO THE FINANCIAL STATEMENTS for the finandal yoar w¥Jed 31 March 2￿25 Grants recelvable Govemmenl grants ￿ rec￿niSed In the ina)m8 8tatemenl LWKler the awu21 model IA OCCLYd8rrA with FRS 102. Grants for immediate fÉnand81 support ¢X lo cowr c*sts alre•Jy Incurred ￿ recognisèd immeikatety in Income statemenL Grdnts towards general 8c*wlies of the entty over a spedlk perbd axe reco3nFsed in income st8tem8nt overthat period. Covld-19 related grants w111 reccgnlsed In ts Incomè Statement as Fncome and w]11 not be offset ag8in8t ttloir related expens8. Whora an application for a grant under CJRS has been Successful but il has not been le￿IVed ty the Statwnant of Flnondal PoslIlL￿ date. the enlty reD)th a debtor ba1￿C8. F]n*nclal Instruments A finantyal a55el or a finawal lia￿lIty i¥ ie(onised th when the becomes a party to the o)ntractUo1 provisions ofthe instrument. Basic financial instruments are InIti￿Y rwni18d ai the 8nYJunt f•Jlvable ￿ p8yabk indudlro any related tranaactkn Lx)sts. Curwl assets and current Ilat41ille8 Ofe 8ub8eq[￿ty meajured Bt the orothero)n•ideration eXp￿dI0 bo paid or recetved nol dlscounted. Debt Instruments are 4ub88q￿nlty measured at amort%s8d ￿$1. I￿•re IrNO8trnents In ¥hares are puljlldy traded or tholr fatr vduo can bo measured rotiobiy, tho Inveslment Is subsequently measured al falr v81u8 wllh thanges In tsir valu8 reojgnised In Incom and expendluro. Al oth•r suth irJv88tments aro subs8iwnlty measwed at CQ8t less ImpaimenL Other fin3￿jaI Instrument5, wKluding d8Tivativ8s, aro inthly recognlsed al falr value. unte55 payment for an asset is defe￿ed beyI￿d noTm?I business te￿5 or financed at a rate of int8re8t that is not a market rate. in whlth ¢oso a55et 15 rneasurad at the presonl value ofthe future payments dsc*>untsd at a mathet rate Lrf interest for a ￿MIlar debt inslnThent Othw finan¢>al tnstrumenls are ¥ubsequenUy measured 8t fair value. 8ny ¢han988 recognlsed In 8tatement ol frnandal athities. the excopts.on of hedglng InslrumenlB in a deslgnated hedging relat￿)nShiP. Flnanclal a88ets thatare me8SUf*J at C08t Cf 8mortlsed cost are revle4￿ lor obJeGltve avkle[v￿ of Impa(rment al the end oleath reporting dalo. If thero is 014"OCtive èv1dèn￿ of impairmenl, an impalrment k78s is r￿agniSed und8rtr* apwoprlate h8•llng In tho stat￿nent offinandd a¢XTrittes In the1th1o1 galn was rwnt8•J. For all equity instruments regardless of ￿gnificanCe, 8rKI other financial aBBets that are irKlivldualty s￿nI￿canL Ihese are assesBed individually for impaimient Other fina￿la1 assets are etther assessed Irthidually grouF*d on the lJa8is of simlkr uedit rtyk cFAr￿Ti81IC8. Any reversa15 of Impalrment qr8 rwn19ed lrnmedSatdy, to ts etsnl that the rever8al thes rex4t In carryln9 amwnl of the flnandal a&set trbat exceodg what the carrylTrJ amount V•vuhJ have been had the impalmient not previcAtsty been r￿gn￿led. CRITICAL ACCOUNTING JUDGEMENT AND ESTIMATES The Fxeparation ol tho finandal tslwnenl8 rnqulrns mon•J8menl lo mak8 I￿8m8n￿. e8timats8 and a￿UMpI1￿5 th81 affe(* the 8moun13 reportwj. These e¥tim8les and I￿1gements are c>)ntin￿l￿ remewed arvj are based ￿ expertence oTrJ ottw fa¢Xu8, [nd￿th￿J exp*XalKxw of futura that are be[ia￿d to be rea8onable uThler drwm*nc CA￿tInued Arts Ekta {A ¢ornpaoy limlt•d by guarantht, tt¢t havlng a JJhar• capllall NOTES TO THE FINANCIAL STATEMENTS for the financi4 year eTrJed 31 Marth 2025 INCOME CHARITA8LE ACTMTIES Unrn•trl¢tsd R¢•trictod Funds Funds 2025 2024 Grants from governm¢nt6 and other co4unders". Communty Rèlalions CourLil s,000 11,259 10,000 36,386 52.960 11,259 10,000 36,386 52.geo 10.533 10.000 18,5C 28,312 28,312 Execu￿ Offi￿. MEDF Tier 1 FrleTrYs of Mela Arts Counul of Nl- E%chaquwAmuo1 Funding Arts Council ol Nl- National Lottery Annual F￿r￿Ing The E¥ei)Jtive Offiefr MEDF Tiw 3 Arts COU￿11 of NkArt8 arKI Okjer People Programme Jts Counal of Nl- H&S Programme Arts Counol of Nl- Sm811 Programme Belfast City CouncAI- City & Ne￿hbourhC4)d8 Belfast City Counal- Events and Festlvals-meki Public He81th Ag8ncy- Refugee5 & A8ylL Peace IV- 8èlfasl City c￿jne￿l D¢vm8nt ACCO￿15 DFC- Athjrk Space Natsvest Beifas12024 BCC Sodal Ente￿rise S¢kne 8CC Cluster Piogramme ACNI Commlssbning Prwamme Liviryj Places and Spaces Ama Lo fund CRC ARC 8CC Refugee Inlegratlon Pro9r8mme BCC Vacant to Vibr8nl Peac£ Plus Sh8red Island FuTrY Paul Hamtyn Found8llon 60,000 12,875 24,051 15.840 20,000 20,0 126,640 136.640 11146 12,146 138.640 11.801 182 27.389 24.455 20.C¥)O 2￿,000 4.1￿0 25.CQO 8.698 21,038 26.180 421 21,038 26,180 421 2,982 7,000 25,000 351,134 8N14 11)0,000 2,982 25.0th) 361,134 8,414 1￿,0(KI 900,028 900,028 740.028 &2 OTHER INCOME Unr••trlctsd Restrlctod Funds 2026 2024 other Tradlry Ad 189,220 189320 159,259 EXPENDrruRE CtrWRITABLE ACTMTI&8 DJreGt Costs Other Costs 8upport Coats 2tr24 Events OulreaL* Wc¢*shop8 & PerformaTr 280,178 443,380 132,388 260,178 030,803 179.355 201,916 4&3,156 145,935 87,223 836,14B 137,070 973,218 784,367 continued Arts Ekta IA company Ilmlted by guarants•, notha¥ing a 8har• capltall NOTES TO THE FINANCIAL STATEMENTS the finanGlat year ended 31 Mafch 2025 ANALYSIS OF SUPPORT COSTS 2026 2024 8tsff Costs Depred8tlon General Office Govemance Cos18 Premises Costs Flnanc8 Costs Support AceountsTKy Comrnunicati(￿ IT 91,217 4,689 ,975 3,215 2,880 29.103 33.987 5,902 5,780 714 137.070 146.176 NET INCOME 2026 2024 Nd Incoma18 stated after charglnsll¢redhlng): Dewecialion of tangible asse18 Auditors remunerth.. - audlt servlces 10.15T EMPLOYEE3 AND REMUNERATION The ¥taff c4)sts compr]se'. 2024 Wages and $alarl&8 sécurity costs 162,446 15,0S3 173.118 14,674 177AO9 187.792 The average head c¢unt ofempk)y888 the yaBr 8 (2024.. n No Empbyee rKdved empbyee ￿e￿1th of more than £eo,000 durlng ts year12024: n51) Key management pers(￿ne1 ifkaudg OU pgrson$lhgt hav8 authofSty and resp￿85b11lty for ptsnning, difecling and ntrollirya the actiwties of the th￿ty. Thg totsl c¢rnpen8etSDn pahj to key pw8orm] fcf seThi prcvided to the charity was £45.OW12024.' £45.D)o) TRUSTEES REIIiUNERATION AND EXPENSE8 The Truslges, nor any person t￿nected wth them, have not r•¢dved remuneratlon or othw berth from employment th8 or a related enllty. cOn￿nUed Arts Ekts (A cornp•ny Ilmit•d by gumnts•, not I￿Ing • thar• uplt•l) NOTES TO THE FINANCIAL STATEMENTS for the finanaal year erKled 31 MarL* 2025 TANGIBLE FIXED AS8Ers Flxtur••. fittlngs and oqulpment W¢hlte v•hkh8 Cost At 1 Awil 2024 AddrlSorvJ 130,985 35,241 15,000 163.885 35.241 At 31 March 2025 186.226 17.900 15,C 199,128 D•prKlatlon At 1 April 2024 Charge lor the finandal y8ar 73,020 22.947 17,S89 83 15,000 105,589 23.￿0 At 31 March 2(r25 94967 17.652 15.0 128.619 Net book valuo At 31 Marth 2025 70,259 70,507 At 31 Marth 2024 57.985 331 58,296 11. STOCKS 2024 Stod( (non tradlngl 2,551 1551 DEBTORS 2020 2024 Trade debtc Amounts (h¥ed by group entitt68 Prepayments and arLNed inccxne 453.804 43,161 4.606 82,794 37,761 501,821 120.555 13. CASH AND CASH EQUNALENT8 2026 2(r24 Calh and bank blan 315,341 598,825 1*& CREDITORS Amounts lalllw due wlthln ono year 2025 11447 689 1880 3.221 520 3,600 Other ueditors AC(¥1￿ and delerTed Incorne 7.341 conlnu¢d Arts Ekta (A Com￿nY Ilrna•d by guar￿th, not h￿1￿0 * •h*o ￿P[tIll NOTES TO THE FINANCIAL STATEMENTS forthe IlnarKaal year ended 31 Marth 2ty25 16. RESERVES Genornl 0•8lgnated R•strlcted Fund• Funds Fund¥ At the beglnniro of ￿ year Surwus for the financial yo Othér moverronts 427,328 8,857 1207.234) 110,0 235.558 107,175 57.234 772,888 116,032 150.0 At the end of the year 228,951 260,000 399,967 888,918 Dwlng the Feriod th8 Directys Inueased Ihe de8ignat8d reseNes to £260,0￿ ftjr the fc4trwirrfJ purpose8: 1, Belfast Mda- £50.CCd) Mela 18 hisloricalty an outdoor event held on August Bank Holiday weekend and as a res￿ ticket income is gnfficanlly weather dependent. The Dlrectors TeoThm8fKI a fur￿ of £50.000 is hekl to mitsato agaln8t future wet weather tOSS86 long lemi plans In line wllh the festival's fve year strat69y. Z Piknl prO￿ts- £W,000 ArtsEkta's ongolng strategy has been a mlxed Inc*)me mtxlel. 0)nCentra￿n9 on 8elf4enerated In￿me rather than the reliance of pub15c fundlng. Tho Dir8Gtors c4)n8idered that a fund shryJld be est#bh'shed to assist wlth ftfvAre pr(4ect development based on th8 fol1th￿ng uiterfa as Identified In the ch*ity'8 stsa* plan 20214024: A 8p8dal project to mark the chsTty'8 amiveraary in 2026 Projects that, onc6 exec￿￿, doliver 8lgnlficant b8n•fftforlhe organis&tm Sn o18cele, Innovalion. impact and profile Projects that once Invested In have tts potentsl lo be sefksustainable or ottrxt lorser term funding Propcts that allow the ¢xganlsalkJn to experiment vrty8 ofworf(Ing lthat norrna]ty attf*X trathtlonal prolect funding Projects trot meet a number of diffeT•nt *ratsgiG glms 3. Capltal d8vefopmenl- £100,(XQ Baged on Ilw strateglc ol'To continue researth, design & wJpos81s for i¥pitsl devdopment, the Dlrectors rKommend thi8 ffijr￿ Is to be held %thilst the rnanty￿nent team rxJnl1nJ￿ to urmjertake fe85ibility stuthes lor Capi￿ developmenL This cnuld i￿￿￿e the purchase of offlc* and wrrkshop Sp￿ Ihat c¥n aLwnmodate 8tsff with a ￿MMu1￿￿ Mb to facllltata artj, rnU$￿ danca. 8TrJ cookery wo(k8hop8. 4. Future resllience- £50.CQJ In 2tr21, the charfty was sucts88hl In swlng lundlrwd tr￿n the Domwntknaunts FuTrJ to impknient pkns to Ihen the future res15len￿ ol the ctharity. Thi¥ induded the exeatlon of a buslness dovetoprnent posL The Dlrecttt8 rec¢%nmond th81 a reseN& Is designated to help enha[￿ the fvnthng and ddlver an dThnts of the three-ye8r resllience strategy Indudirwj SULxession plannlng. 16. FUNDS 16.1 RECONCIUATION OF IAOVEMEKf IN FUNDS Unrnjtrlcted R•gtrl¢ted Funds Funds Fund• At 1 Awil W23 mO￿￿t duriry the finandal year 531,856 5.472 126,110 108.448 657.988 114,920 At 31 Mar(* 2024 m￿ment durlng the finandal year 537.328 235,558 TT2,888 (48,37n 164.409 118.032 At 31 2025 488,951 399,967 888,918 Arts Ekta (A company Ilrnlt•d by g￿rn￿￿ not havlng • •h•r• capltsl NOTES TO THE FINANCIAL STATEMENTS lor th8 finanoal year ended 31 Marcth 2025 16.2 ANALYSIS OF hlOVEMEKfs ON FUND8 Balln l Aprll 2024 In¢4xne EXper￿liuM Transfers Balance b•t￿frn 31 March fundg 2025 Restrlcted funds Cuittral Coach General Grants and Sw8orship Mela 52,960 627.783 219,285 235,558 479,715 280,178 16.341 40,893 235.558 JO,028 792.853 57.234 399,967 Unrestrlctad fun Designated Fund Unrestricted General 110,DJO 427.328 1￿.CLY) (207,234) 189,220 1￿.363 22e,951 537.328 189,220 f180,383} 157,234> 488,951 Total fund$ 7T2,886 1,088,248 9TJ,216 888,918 1&3 ANALY818 OF NEf AS8Ef8 BY FUND Flx•d Currnnt Curnt awt• Ilabllhl•• Total - charity u8¢ Restrlded trust fvrKI8 70.$07 819,533 (490.073) 399, Unrestricted designated lunds Unrestricted 9eneral funds 280,0(J) 228.951 (1,1221 4￿.073 (1,122) 486.951 70,807 1,309,606 {491,195) 8M918 17. STATU8 18 a compary limited by guarth not h￿rv4 a $har& capltaL Th8 [￿bilIty ofthe memb8r818 knilted. Ewy mernl)er ofltfj c￿￿panY urKlertake8 to contribute lo Ih8 a888ts of the L*mpary in avoni of ts belng W￿n￿ up Nthile they afe Memb￿$. or wlthin one flnan(a81 year thereafter. for the payment of the dgbis and labllilles of the company contrai*ed belore they (t&8ed to be rnernbers, and ts costs, tharges èxpenses 01w￿ldIng up. and for the adjLtstment olthe fights of the o)ntributor3 ￿On9 U*msglves, Such amounl as may be rgqirir•d. not exc4eolng £ 1. 1& POST4ALANCE SHEET EVENTS There have been rk) si9niffic£nl events affethj ts Charlty si￿￿ tho finandal yoar*. IA ¢unp•ny Ilmlt•d by 9uarantq•. not hwlAg * ¥hare ¢•pfj EN ARY INFO RELATING TO THE F NANCIAL TATEMENT3 OR THE FINANCIAL YEAR ENDED 3 MARC 25 NOT COVERED BY THE EPO OF THE AUDrroR Arts Ekts ¢omp•ny Ilmlt•d ty gu•rnnts•, not hwlng 4 •haM ¢ylt*l) SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS OPERATING STATEMENT for the finanrial year ended 31 Marth 2025 2024 Schedul8 IrKome Cost ofgenetstiry fvnds 1.089,248 1251,900) 899,289 (194,514) <>oss surplus 704.775 Chaiitable acaiviiles and other expen8 r121,316) {589,855) Not SUTPI 116,032 114,920 Th• ¢L$ppl*￿ertsry hrfQM￿ does not form port ofthe audited Ilnondql glaternerrt8 Arts Ekta (A company Umlled ty B￿ra￿t•1 not havlng a sharo capmal) SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS SCHEDULE 1 . COST OF GENERATING FUNDS for the financial year ended 31 Mardi 2025 202 2024 Co8t of Generallng Funds Events 261,900 194.514 2fj1,900 194,514 SLpfvientary information doe8 not fMn part of the finaTri81 ¥tai•ments Arts Ekts {A company Ilmll•d ty 9uArnnt••, not having a shir• upll•D SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS SCHEDULE 2 . CHARITABLE ACTIVITIES AND OTHER EXPENSES lor the finana81 year ended 31 2025 2025 2024 Expgng•s WBge8 and sal8rie8 al security ojsts Motor expenses ditorfsllndependent Examlnges remunerallon Outreach Outreach Workshops & PerfomanGes Workshops & perfomianc Deweciauon 181446 15,053 173,118 14,674 2,880 369,377 26,563 q07,241 14,299 23,029 267.832 30.453 71.825 18,434 10.157 721.316 The supp1ament￿ Infomwtion doe8 not fomi wt of the 8(#IIW fin8n(yal statemonts 31