Charity reglstratlon number NIC103341
Company ragistratlon number N1026507 {North8rn Ireland)
OPEN ARTS
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

OPEN ARTS
LEGAL AND ADMINISTRATIVE INFORMATION
Thist88S
l H Lindsay
S O'Donnell
C Murtagh
J Mcconville
M Mann
K Hughes
A Hope
S Finnegan
Sècretary
S Flnnegan
Charfty number
NIC103341
Company number
N1026507
Reglstered office
Crescent Arts Centre
2-4 University Road
Belfast
Independent examinar
Harbinson Mulholland
Centrepoint
24 Ormeau Avenue
Belfast
Co. Anlrim
Northern Ireland
BT2 8HS

OPEN ARTS
CONTENTS
Page
Trustees, report
Independent examinerfs report
Statement of financial activitie8
Balance sheet
statement of cash flows
Notes to the financial ststements
8-18

OPEN ARTS
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2023
The trustees, who are also the directors for the purpose of company law, present their report and the unaudited
financial statements of the charity for the year ended 31 March 2023.
Structure, Governance and Management
Governlng document
The organisation is a charitable company limited by guarantee. The company was established under
Memorandum of Association which established the objects and powers of the company and is governed under its
Articles ofAssociation. In the event of the company being wound up members are required to contribute an amount
not exceeding £1
Recrultment and Appolntment ot Dlrectors
The trustees of the company are also charity trustees for the purposes of charity law. Under the requirements of the
Memorandum and Articles of Association the directors are elected to serve for a period of three years after which
they must be re-elected at the nextAnnual General Meetlng.
The trustees of the company have a mix of business and artistic skills. In the event of particular skills being lost due
to retirement or resignation, suitable individuals are approached to offer themselves for appointment as trustees.
Trustee Inductlon and training
Most new trustees are familiar with the work of the charty. New trustees are encouraged to attend suitable training
courses to familiarise themselves with both the work of the charity and their responsibilities as trustees. They are
also made familiar wilh the Open Arts, Governance handbook.
Rlsk management
The trustees have carried out a review of the major risks to which the charity is exposed, and were appropriate have
put in place systems and controls to mitigate the effect of those risks.
Objectlves and actlvltles
The principal activity of the company is to promote and co-ordinate arts activities of all kinds by and with disabled
people in the area of benefit, in accordance with the principles as laid down in the Memorandum and Articles of
Association of Open Arts.
Achlevements and performance
From April 2022 untll March 2023, we delivared 413 creative workshop sessions that engaged 554 indivlduals.
In April 2022, we re-inststed our core programme to pre-pandemie levels. This included increased In person
capacity by removing social distancing and allowing more movement around rooms e.g., for drama where
participants had mainly remained seated. Where classes were kept shorter be￿een September 2021 and April
2022, we increased the length of time back to the pre-covid times.
On a weekly basis, throughout the year we delivered..
3 x visual classes including one for blind and visually impaired
Monday Players drama
Open Arts Community Choir
Creative writing
Gamelan Group
Luminous Soul dance
On Thursday 16th June we launched Words Out, a new anthology of poetrylcr8ative writing, which featured work
from participants across our core programme. The event was part of the Belfast Book Festival and featured
readings, music, and dance from Luminous Soul.
The Open Arts Community Choir have been perfomiing again. In April 2022 they competed in Bangor International
Choral Festival where they won 2 awards.
On 25th August they performed at the Belfast Mix Tape event in the Vwdterfront Hall with Ferna. They perfomied the
song 'At Home, that was written during sessions with our participants and Ferna in early 2022.

OPEN ARTS
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Achlevements and performance (continued)
On 29th September they also performed with local band Blackjack at the Arts & Business Awards. .
Throughout April to June, we delivered workshops in partnership with Belfast Abbeyfield Society, funded by ACNI
Arts & Older People. Dan￿rS and musicians worked with residents of 5 residential homes in mindful nK*vement and
dance. The project culminated with outdoor perfomiances at each of the houses, the creation of lyric books and
movement prop packs that were left with residents.
Over July and August 2022, delivered nearly 20 sessions as part of the Solas Summer Schemes for children with
autism and additional complex needs.
We conts'nued to deliver our In Tune project (funded by Children in Need).
There were regular sessions for both partner organlsations..
Angel Eyes- Tiny Tots, Primary age group, Teen Hub and 1..1 sessions for children with additional complex needs.
Autism Initiatives - group and 1..1 sessions.
'Thls programme has b88n invaluable for K's mental well-b8ing and personal growth. It has provlded him with an
opportunity to socialise and learn important skills, h8lping to build his confidence in a s8f8 8nd understanding
setting. K always leaves the music programme chatting and happy (this is usually a very raTr occurrence when he
has been in a social setting).
Take Away Theatre, funded by Bank of Ireland Begin Together, is our interactive, fun performance that happens at
home for disabled people and their families. We delivered mults'ple visits throughout the year from Belfast to
Bessbrook, Ballynahinch to Bangor.
.1 cannot thank you, and your team, enough for the amazing time we had today,. Jessic8 8nd St8phen 8r& wonderful
and brt)ught so much joy into our home. I must say I was 8 little concemed as A had been in a bit of a 'twist' all
moming and it was hard to know how engaging he would be.
Howevar, Ihe p8ir were 8ble to tum him around and their palience and cr88tive Imaginations weTr amazing. We 811
h8d a really great time.
Thank you all so much 8g8in, best wish8S.'
In October 2022, we produced Weaving Threads, a performance as part of Bounce Festival. We facilitated 3 of our
participants, who had developed their own work with funding from IDA, to collaborate and perform. The feedback
from the emerging artists involved in this process demonstrates how Open Arts nurtures and supports artistic talent..
"I never thought my disability could be something Ihal made me unique and enabled me to create art in a new and
Inte￿stIng way. This new confidence and accgptance of myself empowered me to think about myself as a
performer."
°Open Arts is my creative and social lifeline and being part of the organisation has helped me 8nom70usly over the
past couple of years, the Open Arts team has also helped me to access my own funding. I now have mentors who
are helping me to create my own woth that explores my feelings about my diagnosis of autism later in life..
As part of the opening of Bounce Festival 2022, we performed a flashmob in Castle Court with Open Arts
Community Choir and Luminous Soul dancers. This was written in The Neurodiverse Review, a UK wide, thdicated
review site for neurodiverse, autlstic, and disabled-led work.
.1 dont know if flashmobs afp usually reviewed, but I feel in this c8.Sè, it .%hniJld be. It was gr8at to see disabled
dan￿rS taking up space unapologetically, perfomiing without permission, not caring if anyone was watching or not.
It was empowering and beautifully done."

OPEN ARTS
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Flnancial revlew
The company is a noTrprofit making organisation. The results are set OLrt in detail on page 5. The company had net
expenditure for the year of £26,539.
The principal funding SoUr￿S of the charity are by way of grant, principally from the Arts Council of Northern Ireland,
and by way of charging fees to various groups for services render8d.
Reserves pollcy
The trustees have axamined the charty's requirements for reserves in light of the. main risks to the funding of the
organisation. Unrestricted free reserves are currently £82,340, as detailed in note 14, and this level of resetves
would be sufficient to fund the organisation's running costs for a period of six months at current levels of spending
and cover redundancy payments for the current staff. The trustees consider this level of reserves to be adequate to
meet the needs of the charlty.
Statement of trustees, responslbllltles
The Trustees, who are also the directors of Open Arts for the purpose of company law, are responsl ble for preparing
the Trustees, Report and the financial statements in accordance with applicable law and United Kingdjm
Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the Trustees to prepare financial statements for each financial year which gwe a true and
fair view of the state of affairs of the and of the incoming resourc88 and application of resources. including the
income and expenditure, of the charitable company for that year,
In preparing these finanaal statements, the Trustees are required to:
select suitable accounting policies and then apply them consistently;
obs@￿e the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent.,
state whether applicable UK Accountlng Stsndards have been followed, subject to any material departures
dlsclosed and explained in the financial statements- and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the will
Continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at
any lime the financial position of the and enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the and hence for taking reasonable
steps for the prevention and detection of fraud and other irregularities.
The trustees, report was approved by the Board of Trustees.
l H Lindsay
Trustee
S Finnegan
Trustee
Date..

OPEN ARTS
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF OPEN ARTS
We report to the Trustees on our examlnatlon of the finanryal statements of Open Arts {th8) for the year ended 31
Marth 2023.
Responsibilities and basls of report
As the Trustees of the land also its diractors for the purposes of company lawl you aro responsible for the
preparation of the financial statements and you have considered the audit requlrement of Section 65(3) of th8
Charities Act (NII 2008 (the Act). Having s81isfied ourselves that th8 charity is not subject lo audit under ¢ompany
law, and 15 eligible for Independent examination. it is our respon51blllty to..
examine the accounts under sectlon 65 of the Charilles Act (Northem ITelandl 2008,.
follow the procedures laid down In th8 general Directions given by IhB Charity Commlsslon for Northem
Ireland under Becdon 65{9llbl of the Charitles Act..
state whether partlcular matters have come to our attention.
Ind•p•ndent axamIn•￿$ Statomont
We have examined your charfty accounts as required under Section 65 of the Charities Act and our examSnation
was carrled out in accordance with the general Dlrecb'ons glven by the Charity Commlsslon for Northem Ireland
under sedlon 65{9llbl of the Charities Act. The examination induded a review of the accounting records k8Pt by
the tharlty and a comparison of ttte accounts presented with th058 records. It a180 included consideration of any
unu8U81 Items or disdosures in Ihe aGcounts, and seeking explanatlons from you as charlty truslees concemSng any
such matters.
Our role is to state whether any material matters have come to our attentlon giving us cau9e to believe:
That accounting records were not kept In respect of the as raqulred by section 386 of the 2006 Act. or
the flnanclal statements do not arxord wlth thosg records,. or
That the flnancial statements do not comply with the accounting requirements of Section 396 of the Companle8
Act 2006 and with the rnethcds and princlples of the Charitses Statement of Recommended Practice applicable
to charities prepadng their accounts in arxwdance with the Flnancial Reporting Stsndard applicable In the UK
8nd Republic of Ireland.
That there is further infonnadon needed for a proper understsndlng of the accounts to be reached.
Wa have complotsd our examlnatlon and have no conGems In r88pect of the mattars111 to {4) I￿stsd above and, In
connection wlth followlng the Directions of the Charity Commission for Northern Ireland, we have found no matters
that require drawing to your attention.
Harblnson Mulholland
Centrepoint
24 Ornieau Avenue
Belfast
Co. Antrlm
BT2 8HS
Northern I￿land
1211212023

OPEN ARTS
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
Unrestricted Restricted
funds
funds
2023
2023
Totsl
Unre8tricted Restrlcted
funds
funds
2022
2022
Total
2023
2022
Notss
Donations and
legacies
Investrnents
15,171
62
189,372
204,543
62
6,725
214
178,569
185,294
214
Total Income
15,233
189,372
204,605
6,939
178,569
185,508
Charitable actlvities
20,838
210,306
231,144
4,986
157,749
162,735
Net lexpendlturellincome
for the yearl
Net movement In fund5
(5,605)
(20,934)
(26,5391
1,953
20,820
22,773
Fund balances at 1 April
2022
115,537
47,832
163,169
113,584
26,812
140,396
Fund balances at 31
March 2023
109,932
26,898
136,630
115,537
47,632
163,169
The ststement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activitles.
The statement of financial activities also complles wlth the requirements ft)r an income and expenditure account
under the Companies Act 2008.

OPEN ARTS
BALANCE SHEET
ASAT 31 MARCH 2023
2023
2022
Flxed assets
Tangible assets
10
3,607
5,999
Current assets
Debtors
Cash at bank and in hand
11
5,978
131,284
8,522
151,878
137,262
160,400
Crodltors: amounts falling due wlthln
one year
12
(4,239)
(3,230)
Net current assets
133,023
157,170
Totsl assets less current Ilabllltlas
136,630
163,169
Income funds
Restricted funds
Unrestricted fijnds
13
26,698
109,932
47,632
115,537
138,630
163,169
The company is entitled to the exemption from the audit requirement contained in section 477 of the CompaniesAct
2006, for the year ended 31 March 2023.
The directors acknowledge their responsibilities for complying wlth the requirements of the Compani8s Act 2006
with respect to accounting records and the preparation of financial ststements.
The members have not required the company to obtaln an audit of its financial statements for the year in question in
accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companies regime.
The financial statements were approved by the Trustees on ... ....
l H Lindsay
Trustee
S Finnegan
Trustee
Company registration number
1026507

OPEN ARTS
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2023
2023
2022
Cash flows from operatlng activities
Cash (absorbed by)Igenerated from
operations
17
<19,6221
25,938
Investlng actlvltles
Purchase of tangible fixed assets
Investment income received
(1,034)
62
(5,506)
214
Net cash u8•d In Invastlng actlvltles
{9721
(5,292)
Net cash used In flnanclng actlvltleg
Net (decreaselllncrease In cash and cash
oqulvalent8
(20,594)
20,646
Cash and cash equivalents at beginning of year
151,878
131,232
Cash and cash equlvalents at end of y8ar
131,284
151,878

OPEN ARTS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Accountlng pollcles
Charlty Infomiation
Open Arts is a private company limited by guarantee incorporated in Northern Ireland. The registered office is
Crescent Arts Centre, 2-4 University Road, Belfast.
1.1 Accounting conventlon
The financial Statements have been prepared in accordance with the's [governing documentl, the Companies
Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. ("FRS
102") and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The is a Public Benefit
Entity as defined by FRS 102.
The financlal statements are prepared in sterllng, which is the funciional currency of the . Monetary amounts
in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the
revaluation of freehold properties and to include investment properties and certain financial instruments at fair
value. The principal accounting policies adopted are set out below.
1.2 Golng concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that th8 has
adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees
continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charltsble funds
Unrestricted funds are avallable for use at the discretion of the Trustees in furtherance of their charitable
objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and
uses of the restricted funds are set out in the notes to the financial statements.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
commitment.
1.4 Incomo
All incomlng resources are included in the statement of financial actlvities when entitlern8nt has passed to the
charity,. it is probable that the economic benefits associated with the transaction will flow to the charity and the
amount can be reliably measured. The following specific policies are applied to particular categories of
income..

OPEN ARTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Accounting policles
(Continued
income from donations or grants is recognised when there is evidence of entitlement to the gift,
receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is impractical to
measure reliably, in which case the value is derived from the cost to the donor or the estimated
resale value. Donated facilities and services are recognised in the accounts when received if the
value can be r81iably measured. No amounts are included for Ihe contribution of general
volunteers.
income from contracts for the supply of services is recognised with- the delivery of the contracted
service. Thls is classified as unrestricted funds unless there is a contractual requirement for it to be
spent on a particular purpose and returned if unsp8nt, In whlch case it may be regarded as
restricted.
1.5 Expendlture
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which
cannot be fully recovered, and is classified under headings of the statement of financial aclivities to which it
relates..
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable
trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities
that further its charitable aims for the benefit of its beneficiaries, including those support costs and
costs relating to the governance of the charity apportioned to charitable activities.
other expenditure includes all expenditure that is neither related to raising funds for the charity nor
part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to
a single activity are allocated directly to that activity. Shared costs are apportioned be￿een the activities they
contribute to on a reasonable, justifiable and consistent basis.
1.6 Tanglble flxed asset8
Tangible fixed assets are initially measured at cost and subsequently measuréd at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their resldual values over their
useful lives on the following bases..
Fixtures and fittings
25Q/o Straight Line
The gain or Ios5 arising on the disposal of an asset is determined as the difference between the sale proceeds
and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the reviews the carying amounts of its tangible assets to determine whether there
is any indication that those assets have suffered an impairment loss. If any such indication exists, the
recoverable amount of the assel is estimated in order to determine the extent of the impairment loss (if any).

OPEN ARTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Accounting pollcles
{Contlnued)
1.8 Cash and cash equlvalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturilies of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.9 Financlal Instruments
The has elected to apply the provisions of Section 11 'B8sic Financial Instruments, and Section 12 '0ther
Financial Instrumentslssues, of FRS 102 to all of its financial instruments.
Finanaal instruments are recognised in the 's balance sheet when the becomes party to the contractual
provisions of the instrument.
Financial assets and liabilities are offset, with th8 net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Ba$1¢ flnanclal assets
Basic financial assets, which Include debtors and cash and bank balances, are Initlally measured at
transaction price including transaction costs and are subsequently carried at amortlsed cost using the effective
interest m8thod unless the arrangement constitutes a fi'nancing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Baslc flnanclal Ilabllltles
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carrled at amortised cost, using the effective inlerest rate method.
Trade creditors are obligations to pay for goods or services that have b8en acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interesl method.
Derecognition of financial Ilabllities
Financial liabilities are derecognised when the 's contractual obligations expire or are discharged or cancelled.
1.10 Employee beneflts
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the is demonstrably committed to
terminate the employment of an employee or to provide temiination benefits.
1.11 Retlrement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
10-

OPEN ARTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Critical accountlng estimates and judgements
In the application of the 's accounting policies, the Trustees are required to make judgements, estimates and
assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experien￿ and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects mly that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Donatlons and legaclos
Unrestrlcted Restrfcted
funds
funds
Total
Unrestrlcted Restrlcted
funds
funds
Total
2023
2023
2023
2022
2022
2022
Donations and gifts
Government Grant
Income
15,171
741
15,912
6,725
18,277
25,002
188,631
188,631
160,292
160,292
15,171
189,372
204,543
6,725
178,569
185,294
Grants recelvable for
core actlvitles
ACNI
ACNI Other
Belfast City Council
Deans Christmas Sit
Out
Bank of Ireland Art
Fund
Ulster Garden Vlllages
Halifax
Associatlon for the
Blind
Enkalon
Garfield Weston
BBC Children in Need
Future Screens
98,140
8,598
18,661
98,140
8,598
18,661
93,140
10,327
16,965
93,140
10,327
16,965
1,639
1,639
7,877
7,877
2,141
5,000
5.000
2,141
5,000
5,000
1,000
1,000
1,000
1,000
10,000
15,080
10,000
15,080
32,437
21,918
32,437
21,918
188,631
188,631
160,292
160,292
11

OPEN ARTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Investments
Unrestricted Unrestrlctsd
funds
funds
2023
2022
Interest receivable
62
214
Charltable actlvltle8
Total
2023
Total
2022
Staff Costs
Depreciation and Impairment
Artist Fees & Traveling Expenditure
General Expenses
Legal & Professional Fees
staff Training
Room Hire, Heat & Light
Insurance
Travel Expenses
Telephone
Printing & Stationary
Materials
Publicity and Advertising
107,430
3,425
79,308
2,294
3,398
720
19,897
1,719
574
788
2,695
2,070
4,926
74,000
3,167
56,511
1,412
919
503
13,658
1,700
159
701
859
2,882
229,244
160,835
Share of governance costs (see note 6)
1,900
1,900
231,144
162,735
Analysis by fund
Unrestricted funds
Restricted funds
20,838
210,306
4,986
157,749
231,144
162,735
12-

OPEN ARTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Support costs
Support Governance
costs
costs
2023
2022
Accountancy
1,900
1,900
1,900
1,900
1,900
1,900
Analysed be￿een
Charitable activities
1,900
1,900
1,900
Trust908
None of the Trustees (or any persons connected with them) received any remuneration or banefits from the
during th8 year.
Employees
The average monthly number of employees during the year was..
2023
Nurnber
2022
Number
Employment CO8ts
2023
2022
Wages and salaries
Social security costs
Other pension costs
95,725
3,995
7,710
65,902
1,428
6,670
107,430
74,000
Key Managomont Personnel
Key management personnel include all persons that have authority and responsibility for planning, directing
and controlling the activities of the charity. The total compensation paid to key management personnel for
services provided to the charity was £43.461.76 (2022.. £36,601)
There were no employees whose annual remuneration was more than £60,000.
Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section
252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to ils charitable objects.
13-

OPEN ARTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
10 Tangible flxed assets
Flxtures and flttings
Cost
At 1 April 2022
Additions
25,609
1,034
At 31 March 2023
26,643
Depreclatlon and Impalrment
At 1 April 2022
Depreciation charged In the year
19,610
3,426
At 31 March 2023
23,036
Carrylng amount
At 31 March 2023
3,607
At 31 March 2022
5,999
11 Debtors
2023
2022
Amounts falling due wlthln one year:
Other debtors
5,978
8,522
12 Credltors: amounts falllng due wlthln one year
2023
2022
other taxation and social security
Trade creditors
Accrua15 and deferred income
2,198
72
1,969
1,330
1,900
4,239
3,230
14-

OPEN ARTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
13 Restrlcted funds
The income funds of the charity include restricted funds comprising the following unexpended balan￿S of
donats'ons and grants held on trust for specific purposes..
Movement In funds
Incoming
Resources
Balance at
rnsourGe$
expended 31 Plarch 2023
Balance at
1 April 2022
ACNI
ACNI Equipment
ACNI Arts & Older Peop18
ACNI Young People & Wellbeing
Belfast City Council
BBC Children in Need
Halifax Foundation
Ulster Garden Villages
Deans Chstimas Fund
Bank of Ireland- Arts Fund
Garfield Weston
Choir Touring Fund
Belfast Associats'on for the Blind
Enkalon
Future Screens
98,140
198,140)
(2,998)
(8,000)
{8)
{18,661)
132,817)
(5,000)
(2,880)
(2,055)
(8,570)
{10,000)
(5,489)
(2,000)
(1,000)
{12,688)
5,491
3,500
2.493
4,500
4,098
18,861
32,437
4,090
380
5,000
5,000
2,055
1,081
10,000
13,125
2,000
2,120
7,877
388
741
8,377
1,000
21,918
9,230
47,632
189,372
{210,306)
26,698
14 Deslgnated fund3
Unrestricted funds
Mov•mont In funds
Incomlng
Resources
our¢o8
expended
8olanc• at
1 Aprll 2022
Tran¥l•rs
B418nc• at
31 March 2023
General Funds
Development Funds
Access Support
55,537
45,000
15,000
15,233
(20,838)
32,408
(30,000)
(2,408)
82,340
15,000
12,592
115,537
15,233
{20,838)
109.932
15-

OPEN ARTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
15 Analysls of net assets between funds
Unrestrlcted Rastrlcted
funds
funds
2023
2023
Totsl Unrestrlcted Restrlcted
funds
funds
2022
2022
Totsl
2023
2022
Fund balances at 31
March 2023 are
represented by-
Tangible assets
Current assetsl(liabilities)
1,113
106,105
2,494
26,918
3,607
133,023
508
115,029
5,491
42,141
5,999
157,170
107,218
29,412
136,630
115,537
47,632
163,169
16 Related party transactions
There were no dlsclosable related paty transactions during the year (2022 - none).
17 Cash generated from operatlons
2023
2022
(Deficit)Isurpus for the year
(26,539)
22,773
Adjustments for..
Investment income recognised in statement of financial activities
Depreciation and impairment of tangible fixed ass8ts
(62)
3,425
1214>
3,167
Movements In working capltal..
Decreasel(Increasel in debtors
Increase in creditors
2,545
1,009
(265)
477
Cash labsorbed by)Igeneratsd from operatlon8
(19,622)
25,938
18 Analy818 of changes In net funds
The had no debt during the year.