Registered number.. 102714 CRAIC THEATRE AND ARTS CENTRE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 cAmcg O"PLAGAMM<GLJP4CHE¥ & CO.
Craic Theatre And Arts Centre Financial Statements For The Year Ended 30 June 2024 Contents Page Company Infomiation Accountant's Report Income Statement Statement of Financial Position The following pages do not forrn part of the statutory accounts= Detailed Income Statement
Craic Theatre And Arts Centre Company Information For The Year Ended 30 June 2024 Director Mrs Colleen O'Neill Company Number 102714 Registered Office Enterprise Centre Dungannon Road Coalisland Tyrone BT71 4HP Accountants O'Hagan McGlinchey & Co 36 Dungannon Road Coalisland Dungannon Tyrone BT71 4HP 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 2024 Report to the Trustee's on the preparation of the unaudited accounts of Craic Theatre And Arts Centre for the year ended 30 June 2024 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 2024 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 subject to its ethical and other professional requirements which are detailed at https:l/www.ifa.org.uk/about-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 terms 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 Craic Theatre And Arts Centre, as a body, in this report. To the fullest extent pemiitted by law, we do not accept or assume responsibility to anyone other than Craic Theatre And Arts cent and its director, as a body. for our work or for this port. It is your duty to ensure that Craic Theatre And Arts Centre has kept adequate accounting records and to prepare statutory 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 information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements. Signed 6th September 2024 O'Hagan McGlinchey & Co 36 Dungannon Road Coalisland Dung3nnon Tyrone BT71 4HP Page 2
Craic Theatre And Arts Centre Income Statement For The Year Ended 30 June 2024 2024 2023 TURNOVER Staff costs 170,522 (59,750) { 14,653) (93,745) 209,076 (60,996) (15,991) (129,077) Depreciation and other amounts written off assets other charges NET SURPLUS 2,374 3,012 Page 3
Craic Theatre And Arts Centre Statement of Financial Position As At 30 June 2024 2024 2023 Fixed assets 35,754 29,381 Current assets 125.276 131,981 (2) Creditors= Arnount5 Falling Due Within One Year NET CURRENT ASSETS 125,276 131,979 TOTAL ASSETS LESS CURRENT LIABILITIES 161,030 161,360 Accruals and deferred income (800) (3,504) NET ASSETS 160,230 157,856 RESERVES 160,230 157,856 Notes l. General Information Craic Theatre And Arts Centre is a registered charity. incorporated in Northern Ireland, registered number 102714. The registered office is Enterprise Centre, Dungannon Road. Coalisland. Tyrone. BT71 4HP. Average Number of Employees Average number of employees during the year was as follows: 3 (2023: 3) Reserves Included in the reserves balance of £140.521 (2023: £159.991) is £80,000 that has been set aside to cover operation costs for 8 months. For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The director acknowledges her responsibilities for complying with the requirements of the Act with respect 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 6 September 2024 and were signed on its behalf by.. Mrs Colleen O'Neill Director Page 4
Craic Theatre And Arts Centre Detailed Income Statement For The Year Ended 30 June 2024 2024 2023 TURNOVER Ticket Sales 48.852 44,638 28,773 25.116 10.000 7.899 2.344 2.900 51,534 26,570 25,763 32.778 20,000 569 45,742 6,120 Donations Received Bar Sales ACNI Grants Mid Ulster Council Grants Other Income Other Grant Income Rental income 170,522 209,076 srAFF COSTS Wages and salaries Employers pensions - defined contributions scherne Wages and salaries admin 22.055 501 37,194 25,515 809 34,672 (59,750) (60,996) DEPRECIATION AND OTHER AMOUNTS WRITfEN OFF ASSETS Depreciation of plant and machinery Depreciation of fixtures and fittings 8.984 5.669 8,984 7,007 (14,653) (15,991) OTHER CHARGES Premises expenses." Rent 5.408 5.993 7.916 1.181 2.102 5,408 9,599 31,957 1,361 1,997 Light and heat Repairs and maintenance Cleaning Premises insurance 22,600 50,322 General administration costs.- Printing, postage and stationery Bar catering supplies Advertising and marketing costs Faciliators Show facilitators 114 17.391 1.398 20.551 13,025 9.936 1.434 1.641 2.736 932 407 11,678 707 24,053 9,900 10.813 14,282 1,849 1,890 918 Cost of sets Sound and lighting Telecommunications Computer costs Accountancy fees Licences 400 1,017 752 Bank charge5 Sundry expenses 775 812 489 71.145 78,755 (93,745) (129,077) NET SURPLUS 2,374 3,012 Page 5