Registered number: 102714 CRAIC THEATRE AND ARTS CENTRE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 chmcg OHAGAN MrGLINCHEV & CO
Craic Theatre And Arts Centre Financial Statements For The Year Ended 30 June 2023 Contents Page Company Information Accountant's Report Income Statement Statement of Financial Position The following pages do not form part of the ststutory accounts.. Detailed Income Statement
Craic Theatre And Arts Centre Company Information For The Year Ended 30 June 2023 Director Mr Michael Carolan Company Number 102714 Registered Office Enterprise Centre Dungannon Road Coalisland Tyrone 8T71 4HP Business Enterprise Centre Dungannon Road Coalisland Tyrone 8T714HP Accountants O'Hagan McGlinchey & Co 36 Dungannon Road Coalisland Dungannon Tyrone BT714HP Bankers AIB (NI) 18-20 Scotch Street Dungannon Tyrone BT71 4HP Page I
Craic Theatre And Arts Centre Accountant's Report For The Year Ended 30 June 2023 Report to the Trustee's on the preparation of the unaudited accounts of Craic Theatre And Arts Centre for the year ended 30 June 2023 In order to assist you to fulfil your duties under annual reporting. I have prepared for your approval the accounts of Craic Theatre And Arts Centre for the year ended 30 June 2023 which comprise the Income Statement, the Statement of Financial Position and the related notes from the accounting records and from information and explanations you have given to us. As a practising member of the Institute of Financial Accountants {IFA), we are subjert to its ethical and other professional requirements which are detailed at https-/lwww.ifa.org.uklabout-us/acting-in-the-public-interesVmemberregulations. This report is made solely to the Trustee's of Craic Theatre And Arts Centre, as a body. in accordance with the tems of our engagement letter dated 01 September 2023. Our work has been undertaken solely to prepare for your approval the accounts of Craic Theatre And Arts Centre and state those matters that we have agreed to state to the director of CTric Theatre And Arts Centre, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Craic Theatre And Arts Centre and its dirertor, as a body, for our work or for this report. It is your duty to ensure that Craic Theatre And Arts Centre has kept adequate accounting CordS and to prepare ststutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Craic Theatre And Arts Centre. You consider that Craic Theatre And Arts Centre is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit of the accounts of Craic Theatre And Arts Centre. For this reason, we have not verified the accuracy or completeness of the accounting records or infomiation and explanations you have given to us and we do not, therefore, express any opinion on the financial statements. Signed 25th September 2023 O'Hagan McGlinchey & Co 36 Dungannon Road Coalisland Dungannon Tyrone BT71 4HP Page 2
Craic Theatre And Arts Centre Income Statement For The Year Ended 30 June 2023 2023 2022 TURNOVER 209,076 127,761 8,309 (56,351) {12,356) {76,558) Other income Staff costs Depreciation and other amounts written off assets other charges (60,996) (15,991) (129,077) NET SURPLUSI{DEFICTh) 3,012 {9, 195) Page 3
Craic Theatre And Arts Centre Statement of Financial Position As At 30 June 2023 2023 2022 Fixed assets 29,381 21,138 Current assets 131,981 {2} 138,296 {3,790) Creditors.. Amounts Falling Due Within One Year NET CURRENT ASSETS 131,979 134,506 TOTAL ASSETS LESS CURRENT LIABILITIES 161,360 155,644 Accruals and deferred income (3,504) {800) NET ASSETS 157,856 154,844 RESERVES 157,856 154,844 Notes l. General Information Craic Theatre And Arts Centre is a registered charity. incorporated in Northern Ireland, registered number 102714. The registered offfice is Enterprise Centre. Dungannon Road, Coalisland, Tyrone, BT71 4HP. 2. Average Number of Employees Average number of employees during the year was as follows- 3 {2022- 3} 3. Reserves Included in the reserves balance of £159,991 {2022: £154,844) is £80,000 that has been set aside to cover operation costs for 8 months. For the year ending 30 lune 2023 the company was entitled to exemption from audit under sertion 477 of the Companies Act 2006 relating to small companies. The members have not qUired the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The director acknowledges his responsibilities for complying with the requirements of the Art with respett to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the micro-entity provisions. The financial statements were approved by the Trustee's on 25 September 2023 and were signed on its behalf by: Mr Michael Carolan Director Page 4
Craic Theatre And Arts Centre Detailed Income Statement For The Year Ended 30 June 2023 2023 2022 TURNOVER Ticket Sales Donations Received Bar Sales ACNI Grants Mid Ulster Council Grants other Income Other Grant Income Rental income 51,534 26,570 25,763 32.778 20,000 569 52,568 4,407 14,552 18,769 20,000 8,920 2,800 5,745 45.742 6,120 209,076 127,761 OTHER INCOME Other operating income 8,309 209.076 136,070 STAFF COSTS Wages and salaries Employers pensions - defined contributions scheme Wages and salaries admin 25,515 809 23,198 752 34,672 32,401 {60.996} {56,351) DEPRECIATION AND OTHER AMOUNTS WRrrrEN OFF ASSETS Depreciation of plant and machinery Depreciation of fixtures and fittings 8,984 7,007 5,349 7,007 {15.991} { 12,356) OTHER CHARGES Premises expenses.. Rent 5,408 9,599 31.957 1,361 1,997 5,408 5,095 3,180 1,094 1,923 Light and heat Repairs and maintenance Cleaning Premises insurance 50,322 16,700 General administration costs.- Printing, postage and stationery Bar catering supplies Advertising and marketing costs Faciliators 407 iii 11.678 707 10,650 1,131 18,625 15,390 24,053 9,900 Show facilitators r I I Cost of sets Sound and lighting Telecommunications Computer costs Accountancy fees 10.813 14,282 1,849 1.890 918 7,117 1,397 1,164 1,028 894 .CONTINUED Page 5
Craic Theatre And Arts Centre Detailed Income Statement (continued) For The Year Ended 30 June 2023 Licences 1,017 752 489 63 377 1,911 Bank charges Sundry expenses 78,755 59,858 (129,077) {76,558) NET SURPLUS/{DEFICTh) 3,012 {9, 195) Page 6