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