Registered number: CH102714 

CRAIC THEATRE AND ARTS CENTRE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 

chmcg O'HAGANLMcGUINCHEY & CO Accountants 



## Craic Theatre And Arts Centre Accountant's Report For The Year Ended 30 June 2025 

## Report to the Trustee's on the preparation of the unaudited accounts of Craic Theatre And Arts Centre for the year ended 30 June 2025 

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 2025 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://www.ifa.org.uk/about ~~-u~~ s/acting ~~-i~~ n ~~-~~ the ~~-~~ publi ~~c-~~ interest/memberregulations. 

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 permitted by law, we do not accept or assume responsibility to anyone other than Craic Theatre And Arts Centre and its director, 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 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. 

18th September 2025 

O'Hagan McGlinchey & Co 36 Dungannon Road Coalisland Dungannon Tyrone BT71 4HP 

Page 2 


Craic Theatre And Arts Centre Statement of Financial Position As At 30 June 2025 

|Fixed assets<br>Current assets|Fixed assets<br>Current assets||||||2025<br>2024<br>£<br>£<br>23,383<br>35,754<br>157,922<br>125,276|
|---|---|---|---|---|---|---|---|
|Creditors: Amounts Falling Due Within One Year|||||||(219)<br>~~-~~|
|NET|CURRENT ASSETS||||||157,703<br>125,276|
|TOTAL ASSETS LESS||CURRENT|||LIABILITIES||181,086<br>161,030|
|Accruals and deferred income|||||||(10,800)<br>(800)|
|NET|ASSETS||||||170,286<br>160,230|
|RESERVES|||||||170,286<br>160,230|



## Notes 

## 1. General Information 

Craic Theatre And Arts Centre is a registered charity, incorporated in Northern Ireland, registered number CH102714. The registered office 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 (2024: 3) 

## 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 2025 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 ~~-e~~ ntity provisions. 

The financial statements were approved by the Trustee's on 18 September 2025 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 2025 

|TURNOVER|TURNOVER|TURNOVER|TURNOVER|TURNOVER|TURNOVER|TURNOVER|TURNOVER|TURNOVER|TURNOVER|TURNOVER|TURNOVER|TURNOVER|TURNOVER|||||||||||||2025<br>£|£|2024<br>£|£|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Ticket|||||||Sales|||||||||||||||||||53,380||48,852||
|Donations|||||||||||Received|||||||||||||||56,735||44,638||
|Bar||||Sales||||||||||||||||||||||36,270||28,773||
|ACNI||||||Grants||||||||||||||||||||31,248||25,116||
|Mid||||Ulster|||||||Council||||||||Grants|||||||19,500||10,000||
|Other <br>Other|||||||Income<br> Grant Income|||||||||||||||||||9,401<br>325||7,899<br>2,344||
|Rental||||||||income||||||||||||||||||2,649||2,900||
|STAFF||||||||COSTS|||||||||||||||||||209,508||170,522|
|Wages and salaries<br>Employers pensions ~~- ~~defined|||||||||||||||||||||||75,788<br> contributions scheme<br>1,825|||||59,249<br>501||
|DEPRECIATION <br>ASSETS||||||||||||||||||AND OTHER||||||AMOUNTS WRITTEN OFF|||(77,613)||(59,750)|
|Depreciation||||||||||||||of plant and|||||||machinery|||||3,634||8,984||
|Depreciation||||||||||||||of fixtures||||||and fittings||||||8,736||5,669||
|OTHER CHARGES<br>Premises expenses:<br>Rent||||||||||||||||||||||||||5,408|(12,370)|5,408|(14,653)|
|Light||||||and||||heat||||||||||||||||6,012||5,993||
|Repairs and|||||||||||||maintenance|||||||||||||4,585||7,916||
|Cleaning||||||||||||||||||||||||||1,346||1,181||
|Premises||||||||||insurance||||||||||||||||2,347||2,102||
|||||||||||||||||||||||||||19,698||22,600||
|General <br>Printing,|||||||||administration costs:<br> postage and stationery|||||||||||||||||213||114||
|Bar||||catering|||||||||supplies|||||||||||||13,895||17,391||
|Advertising||||||||||||and||||marketing costs||||||||||5,282||1,398||
|Faciliators||||||||||||||||||||||||||27,505||20,551||
|Show|||||||facilitators|||||||||||||||||||5,910||13,025||
|Cost|||||of|||sets||||||||||||||||||12,982||9,936||
|Sound and lighting||||||||||||||||||||||||||8,537||1,434||
|Telecommunications||||||||||||||||||||||||||1,432||1,641||
|Computer costs<br>Accountancy fees||||||||||||||||||||||||||1,453<br>959||2,736<br>932||
|Royalties||||||||||&||Licences||||||||||||||10,453||400||
|Bank charges<br>Sundry expenses||||||||||||||||||||||||||785<br>365||775<br>812||
|||||||||||||||||||||||||||89,771||71,145||
||||||||||||||||||||||||||||(109,469)||(93,745)|
|NET|||||SURPLUS||||||||||||||||||||||10,056||2,374|



Page 5