Registered number.. 102714
CRAIC THEATRE AND ARTS CENTRE
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
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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