Charity reglstration number NIC103341
Company registration numbar N1026507 (Northern Ireland)
OPEN ARTS
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

OPEN ARTS
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
l H Lindsay
S O'Donnell
C Murtagh
J Mcconville
M Mann
K Hughes
A Hope
S Finnegan
Secretsry
S Finnegan
Charlty numbor
NIC103341
Company numbor
N1026507
Roglstered offlce
Cr8SC8nt Arts Centre
24 Univ8rsity Road
Belfast
Independent examirber
Harbinson Mulholland
Centrepoint
24 Ormeau Avenue
Belfast
Co. Antrtm
Northern Ireland
BT2 8HS

OPEN ARTS
CONTENTS
Pago
Trustees. report
Ind8pendent 8xamlner's report
statement of financial activities
Balance sheet
Statement of cash flows
10
Notes to the financlal statements
11-20

OPEN ARTS
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The trustees. who are also the director5 for the purpose of company law, prgsent their report and the unaudited
financial statements of the charity for the year ended 31 March 2024.
Structure, Governance and Management
Governing document
Th8 organisats'on is a charitable company limited by guarante8. The company was 8Stablished under a
Memorandum of Association which established Ihe objects and powers of the company and is governed under its
Articles of Association. In the event of the company being wound up members are required to contribute an amount
not exceeding £1.
Recrultment and Appointment of Dlrectors
The trustees of the company are also charity trustees for th8 purposes of charity law. Under tha requirements of the
M8morandum and Articles of Association the directors are elected to serve for a period of Ihree y8ars after which
they must be re-electad at the next Annual General Meeting.
The truste8s of the company have a mix of busin8ss and artislic skills. In the 8vent of particular skills being lost due
to retirement or resignation, suitable individuals are approached to offer themselves for appointment as trustee5.
Trustee Inducllon and training
Most new Irustees are familiar with the work of the charity. New trustees are encouraged to attend sultable training
courses to familiarise themselves with both the work of the charity and their responsibilities as trustees. They are
also made familiar with the Open Arts, Governance handbook.
Rlsk management
The trustees hava carriad out 8 revlew of the major risks to which the charity Is exposed, and ware appropriate have
put In place systems and controls to mitigat8 th8 effect of those rlsks.
Objective8 and actlvltlas
The principal activity of the company is to promote and co-ordlnate 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.
Is our core weekly programme (based on 3 term5 of workshops throughout the yearl. This programme engages
nearfy 100 individuals and delivers 8 sessions every week.
Ex
We deliver additional projects so that more disabled people, particularly children and young people, can explore th8
arts. We will support core participants to explore their individual development as artists. We also continuously
explore the future of our organisation through research and development.
We produce events and performances so that disabled people can enjoy the achievement of performance and that
audiences can enjoy the creative and art15tic talents of disabled people.
From April 2023 until March 2024, we delivered 296 creativ8 workshop sessions that engaged 402 individuals.

OPEN ARTS
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Engage
Is our core weekly programme {based on 3 temis of w￿rkShopS throughout the year). This programme engage5
nearly 100 individuals and delivers 8 sessions 8very week.
From April 2023 until March 2024, we continued to deliver our core programme of activities for disabled adults:
3 x visual classes including one for blind and visually impaired
Monday Players drama
Open Arts Community Choir
Gamelan group
Creative writing
Luminous Soul dance
The core programme enhances participants artistic skills and is also a safe space where individuals have great
connections with each other, which creates a true sense of belonging, as highlighted in the words of participants-
'If you are thinking about joining Open Arts art classes I would say go for It with gusto and embrace it, 18am from
everyone, theres no pressuTr to p&rfom?. It is a saf8 space where people with dis8bilitleS are valu8d. You can
develop your abilities 8nd make new friends. It is greatl"
'1 love how in Luminous Soul we are encouraged to do our own vetsion of a movement and how we create new
ways of movlng together '
"We are all the sam8 but in diff8r8nt W8ys. Wg have fun 8nd share new id88s. Come and join the Open Arts family
you wont b8 dis8ppolnted."
Achievement5 for particlpants in our cora included Luminous Soul performing at the high profi'le One Young World
Opening Ceremony in th8 SSE Arena, which attracted acclaim across social media:
'Luminous Soul were class. An inGredible and inspir8tional example of incluslon # OYW23 @OneYoungWord'
'standing ov8tlon. absolutely stunning perfom78ncellJJ
Open Arts Community Choir also came second In a televised choral competition, Curfa, which was broadcast on
TG4.
Comments from the judge5 included:
'With that song, you lifted our hearts and then shattered them into smithereens. I must say that every time you
come out on slage, you Tr so kind, so generous and giving."
'It was beautiful, Leslie has a wonderful voice, it's lovely and deep. As for your hamionies the interactions you had
together, the way you told the story through thg words. I really enjoyed it."
"It was incredible I have to say I really 8njoyed it. It s very hard to come out on stage and perfomi unaccompanied
let alone do it well, but I think you did."
°My make up went everywhere because of the tears shed while I was listening and watching you. You'r8 such 8
special choir and that was 8 powerful perfonnance."
Open Arts Gamelan In Connswatar
In March 2023. we relocated our gamelan lo Connswater Shopping Centre. This will give the garnelan increased
visibility, and we will engage with Tnore groups and individuals from across East BelfasL

OPEN ARTS
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Explore
Partlcipant Development Programme (PDP)
We support individual participants to develop Iheir own practice Ihrough mentoring and production support. In 2023
we worked with dancers Talia McDowell, Andy Paton. and Julie Richmond to produce a performance of their own
choreographed performance, Comrnunicalion.
°Beyond proudlTalia, Julianna and Andy put on a fantastic perfom?ance of their own chor8graphed piece
Communication, today at *bouncefestiva12023'. It was superb from start to finish and all their hard work shone
through. Huge thanks to Eileen al Open Arts for supporting them to put on this perfom?ance."
"Bounce 23 you were amazingj l am so grateful for everyone who came to watchl Just wanted to say a m8ssive
thank you lo Open Arts for all their support."
In Tune
We continued to work with Angel Eyes Nl and Autism Initiatives Nl to facilitate creative workshops for children who
are blindlpartially sighted or who have autism.
"This programme h8s b8en inv8lu8bla for K s ment81 well-being 8nd personal growth. It ljas provided him with an
opportunity to socialis& and learn important skills, h&lping to build his confidence in a saf8 and understanding
setting. K 81w8ys leaves the music programme chatting and happy (this is usually a very rare occurrence when he
h8s been in a social setting). It also gives m8 respite and 8 chance to reGh8rge my own batteries. We are very
grateful to b8 8bl8 to 8V8iI of this opportunity and hope it can continue 88 he is progressing so much. He thoroughly
8njoys attending these Glasses, leaming how to play instruments. chat about things of int8r8St to him wtih p8ople
who have knowledge and genuin8 love for the subject. Many thanks to everyone involv8d in putting this together."
Movament & Mentoring
In August 2023 we began the first Movement & Mentoring project. 12 young people from Mae Murray Teen Hubs
look part in a week-long dance summer schem8. Throughout the week they also had visits from m8mb8rs of
Luminou5 Soul dance company. This week was followed up with more rehearsals to prepar8 for a p8rformance as
part of Open Arts event 'Creative Conversations, at the Cr8SC8nt Arts Centre, part of Bounce Festival. Th8 young
people are also finalising their portfolios for accreditstion through Arts Awards.
The sense of achievement arnong the young people was palpable.
Amazing p61rformance 81 ¥IBounce23' today fmm #MMF, young peop18. Showing off their skills leaml during
summer dance camp - a collaboration between Mae Murray Foundation and Open Arts. Well done alll You rocked itl
'1 have seen 'S' shine and comg out of her shell from the start of this projeGt. She was shy, very quiet, now she's
smiling, contributes to the group work, speaks up and gives her input. Her Gonfidence is through the roof when she's
dancing. It s like she Comes alive.
Identify, Identlty, Impact
This is our programme to explore future possibilities for our organisation. This includes working with experts in
market research & development, web design and evaluation.
In 2023-2024 we were partner5 in the inclusive Tourism project for Belfast City Council with Smith & Kent
Consultancy. With our Lived Experience team, we facilitated Living Library ev8nts, created online training modules,
and filmed 3 accessible itinerary videos. We were also part of the organising team for Belfast's first ever Inclusive
Tourism seminar, Embrace the Inclusive Spirit.
This is all part of our development of our 'Chatting for Change. programme, which we will roll out as a training tool
for businesses and organisations.
'Thank you to @OPENAR TSNI and amazing guests for hosting the Living Library as part of the aGcessibilty and
inclusive session at our industry briefing yesterday."

OPEN ARTS
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
"I thought the fom7at was excellent. There was time and Spa￿ to reflect in between discussions and a great group
of people with a range of lived experiences to learn from. Pre-lraining day reading material was very helpful and the
explanation at the start great too. Really worthwhile moming all round, thank you.,
Enjoy
Takeaway Theatre
The performance is aimed at engaging and empowering the recipient and their family to co-creale a drama based
on a story of their making.
The experience is about engagement, empowerment and fun for the individual but it also, importantly, enables
siblings, parents and family members to enjoy a shared experience.
Throughout the year, we delivered visits from Dery to Downpatrick, Bangor to Ballynahinch.
'W& h8d the most lovely visit from Jojo and Stephanie. M is still saying their names. It was such a lovely tim&
shared with them and so gentle to suit M's needs, which by the end of the session he was confident, &xcit8d, alert
and engaged beautifully. I have some lovely photos I'd love to share wlth you and p18ase feel free to shar8 rf you
wish too, We are so grateful for this seThica. Thank you..
'We had Paul and Stephen aka Ron and Barry here 18St night for our Take8way Theatrellljl We absolutely loved itl
M and E had a blast. We were delighted at how M engaged and creat8d his own piece of theatre. We have never
seen M engaged and concentrating and taking part so well. The artists guided us through eaGh stage of creating our
own litt18 show, and w8 811 loved perfom?ing itl Absolutely amazing, I highly recommend 9v8ry family to book the
T8k8away Theatrel"
'1 cannot thank you, and your team, enough for th8 amazing time we had tod8y,' Jessica and Stephen are wond8rful
and brought so much joy into our home. I must say I was a little conc8rn8d as A had b88n in a bit of a Ywist, all
moming and it was hard to know how engaging he would ba. However the pair w8r8 able to tum him around and
their p8tienGe 8nd cr8ativo imaginations were amazing. We all had a really graat time. Thank you all so much
agaln.
Creatlve Conversations
On Sunday 811 October we took over the CrescentArts Centre as part of Bounce Festivall
The audience experienced performances from Monday Players, Open Arts Community Choir, Luminous Soul
dancers., heard ￿ading$ from the creative writing group and participated in a workshop with visual art participants.
Inspired by the idea of a 'Living Library they also had the opportunity to chat with the participants through Q&A
sessions to learn about the diverse perspectives and life experiences of disabled people.
"Just a little note to thank you for a wonderful aftemoon yesterday. To see all Open Arts offers and to enjoy the
experience was brilliant. Congratulations to all involved and thank you to Maeve for guiding usl"
It was such a lovely vibe in the building on Sunday. The sound of the singing in the stairnell was Inc￿dible (and I
particul8rty enjoyed having a little dance to the choirperforming in the café)
That was a fab perfomiance from Open Arts on Sunday, everyone who was here gave it raving feedback too.
The performances were incredibly moving, and the choir was just stunning on the stairnell. Someone even said
they should record there the sound was so good. It was amazing to see Darren and crew also so so exGlted about
their performances, and to hear about the script writing going on during lock down etc was amazing. Well done to
tho whole team- you were amazing.
Pieces of Us
In June 2023, w8 launched our exhibition 'Piec8s of Us. in Arts for All in Cityside., This was a collective exhibition
from all our visual art groups. Luminous Soul performed in the main mall and Open Arts Community Choir enticed
the audience into the exhibition space. Th8 exhibition was in plac8 until the end of August.

OPEN ARTS
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
What an amazing show of talent and so many varied art forms. It is also fantastlG to h8ve so many taGtile pieces."
other achievements
In January 2024, our chairperson Margar8t Mann won the Arts and Business Award for Leaders on Arts Boards. Our
Finance and Programme Officer also competed ILM Level 5 in Leadership and Management.
Flnancial review
The Company is a non-profit making organisation. The results are set out in detsil on page 5. The company had net
income for the year of £17,540.
The principal funding sources of the charity are by way of grant, principally from the Arts Council of Northem Ireland.
and by way of charging fees to various groups for services rendered.
Reseryes policy
The trustees have examined the charity'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 reserves
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 reserv8S to be adequate to
meet the needs of th8 charity.
Structure, governance and management
The organisation is a charitable company Ilmlted by guarantee. The company was established under a
Memorandum of Association which established the objacts and powers of the company and is governed undar its
Artides ofAssociation. In the event of th8 company being wound up membars are required to contribute an amount
not exceedlng £1.
The Trustees, who are also th8 dir8Ctors for the purpose of company law, and who served during the y6ar and up to
the date of signature of the financial statem6nts were:
l H Lindsay
S O'Donnell
C Murtagh
J Mcconvllle
M Mann
K Hughes
A Hope
S Finnegan

OPEN ARTS
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Statement of trusteès, responsibilitie5
The Trustees, who are also the directors of Open Arts for the purpose of company law, are responsible for preparing
the Trustees, Report and the financial statements in acLordance with applicable law and United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the Trust88S to prepare financial statements for each financial year which give a true and
fair view of the state of affairs of the and of th8 incoming resources and application of resources, including the
income and expenditure, of the charitable company for that year.
In preparfng these financial ststements. the Trustees are required to:
select suitable accounting policles and then apply them conslstently;
obseNe the methods and princlples in the Charltles SORP;
make judgements and estimates that are reasonable and prudent.,
state whether applicable UK Accountlng Standards have been followed, 5ublect to any material departures
dlsclosed and explalned In the flnancial statements., and
prepare the financial statements on the going concem basis unless it is Inappropriat8 to presume that the will
continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at
any tlme the financlal position of the and enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also r8sponsible for safeguarding the assets of th8 and hence for taking reasonable
steps for the prevention and det8Ction of fraud and other irregularities.
The trustees, report was approved by the Board of Trust88S.
l H Llndsay
Trustee
S Finnegan
Trustae
Date:...
..121.11I20'14....

OPEN ARTS
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF OPEN ARTS
We ￿port to the Trustees on our examination of the financial statements of Opan Arts (the ) for the year ended 31
March 2024.
Responsibilities and basls of report
As the Trustees of the (and also its directors for the purposes of company law) you ar8 responsible for the
preparation of th8 financial slat8ments and you have considered the audit requirement of Seclion 65(3) of the
Charities Act (Nl) 2008 (the Act). Having satisfied ourselves that the charity is not subject to audit under company
law, and is eligible for independent examination, it is our responsibility to:
examine the accounts under section 65 of the Charities Act (Northem Ireland) 2008:
follow the procedures laid down in the general Directions given by the Charity Commission for Northern
Ireland under section 6519)(bl of the Charities Act.,
state whether particular matters have come to our attention.
Independent examinerfs statement
We have examined your charity accounts as required under Section 65 of the Charities Acl and our examination
was carried out in accordance with the general Directions given by th8 Charity Commission for Northern Ireland
under section 65(9){b) of the Charities Act. The examination included s review of the accounting records kept by
the charity and a comparison of the accounts presentad with those records. It also included Consideration of any
unusual iterns or disdosures in the accounts, and seeking explanations from you as charlty trustees concerning any
such matters.
Our role is to state whether any materlal matters have come to our attentlon giving us cause to believe:
That accounting records were not kept in respect of the as required by section 386 of the 2006 Act. or
the financial stalements do not accord with those r8cords: or
That the financial statements do not comply with th8 accounting requirements of section 396 of the Companies
Act 2006 and with the methods and principles of the Charities Statem8nt of Recommended Practice applicable
to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland.
That there is further infomiation needed for 8 proper understanding of the accounts to be reached.
We have completed our examination and have no concerns In respect of the matters (1) to (4) listed above and, in
connection with following the Directions of the Charity Commission for Northern Ireland, we have found no matters
that require drawing to your altention.
Harblnson Mulholland
C8ntrepoint
24 Ormeau Avenue
Belfast
Co. Antrim
BT2 8HS
Northem Ireland

OPEN ARTS
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestrlcted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Notes
Income from:
Donations and18gacies
Charitable activities
Investments
234
34,399
718
197.369
197,603
34,399
718
779
14.391
62
189,372
190.151
14.391
62
Total Incomo
35,351
197,369
232,720
15,232
189,372
204,604
Expendlturo on:
Charitable activilles
34.099
181,080
215,179
20,837
210,306
231,143
Total expendlture
34,099
181,080
215,179
20,837
210,306
231,143
Net Incomel(expendlture) and
movement In funds
1,252
16,289
17.541
(5,605)
120,934)
(28,539)
Reconclllatlon of funds:
Fund balances at 1 April 2023
109.932
26,698
136.630
115,537
47,632
163,169
Fund balances at 31 March
2024
111,184
42,987
154.171
109,932
26,698
136,630
The stalemenl of financial activities includes all gains and losses recognlsed In the year. All Income and expenditure
derive from continuing activities.

OPEN ARTS
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Notes
Fixed assets
Tangible assets
12
1,890
3.607
Current assets
Debtors
Cash al bank and in hand
13
16,256
140,066
5,978
131,284
156,322
137,262
Creditors: amount8 falling due within
one year
14
(4,041)
(4,239)
Net current assets
152,281
133,023
Total assets le88 current Ilabllltlg9
154.171
136,630
Income lund8
Restricted funds
Unrestricted funds
16
42,987
111,184
26,698
109,932
154,171
136.630
The company is entitled to Ihe exemption from the audit requirement contained in section 477 of the Companies Act
2006. for the year ended 31 March 2024.
The directors acknowledge their responsibilities for complylng with the requirements of the Companies Act 2006
wlth respect to accounting records and the prepardtion of financial statements.
The members have not required the company to obtain 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 reglstratlon number N1026507

OPEN ARTS
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Cash flows from operating actlvlties
Cash generated fromllabsorbed by)
operations
21
8,064
(19.622)
Investing actlvltles
Purchase of tangible fixed assets
Investment income received
(1.034)
718
Net cash generated froml{used In)
Investlng activltles
718
(972)
Net cash usad In flnanclng activitlos
Net Increasel(d•crease) In ca8h and cash
equivalents
8,782
(20,594>
Cash and cash equivalents at b8ginning of year
131,284
151,878
Cash and cash equlvalents at end of year
140.066
131,284
10-

OPEN ARTS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
Charlty informatlon
Open Arts is a private company limited by guarantee incorporated in Northern Ireland. The registered office is
Crescent Arts Centre, 24 Univ8rsity Road. Be￿a51.
1.1 Accounting conventlon
The financial ststements have been prepared in accordance with the 's [governing document]. th8 Companies
Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" I'FRS
102") and the Charities SORP "Accounting and Reporting by Charitie5.' 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 Benefil
Entity as defined by FRS 102.
Th8 financial statements are prepared in sterling. which is the functional currency of the . Monetary amounts
in these financial statements are rounded to the nearest £.
The financial slaterllents have been prepared under the historical cost convention, modified to include the
revaluation of freehold properties and to include inv8Stment 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 approvlng the financial statements, the Trustees have a reasonable expectation that the has
adequate resource5 to continue in operational existence for the foreseeablo future. Thus the Trustees
continue to a¢Jopt the going concern basis of accounting in preparing the financial statements.
1.3 Charltable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable
objectives.
Restricted funds are sublect to specific conditions by donors or grantors as to haw they may be used. The
purposes and uses of the restricted funds are set out in the notes to Ihe financial statements.
Designated funds are unr8Stricted funds earmarked by the trustees for particular future project or
commitment.
1.4 Income
All incoming resources are included in the statement of financial activities when entitlement has passed to the
charity,. it is probable that th8 economic benefits associated with the transaction will flow to the charity and the
amount can be reliably measur8d. The following specific pollcies ar8 applied to particular categories of
income..
11

OPEN ARTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting pollGles
(Continued)
income from donations or grants is recognised when there 15 evidence of entitlement lo 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 donaled good5 is measured at the fair value of the goods unless this is impractical to
measure reliably, in which case the valu8 is derived from tha cost to the donor or the estimaled
resale value. Donated facililies and services are recognised in the accounls when received if the
value can be ￿liablY measur8d. No amounts are included for the conlribution of general
volunteers.
income from contracts for the supply of s8rvices is recognised with- the delivery of the contracted
service. Thi5 is classified as unrestricted funds unless ther8 is a contractual requir8ment for it to be
spent on a particular purpose and returned if unspent, in which case it may be regarded as
restricted.
1.5 Expenditurn
Expenditure is recognised on an accruals basis as a liability Is Incurred. Expenditure includes any VAT which
cannot be fully r8covered, and is classified under headings of the statement of financial activities to which it
relates..
expenditure on raising funds includes the costs of all fundraising activities, events, non-charltable
trading activitl8s, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities
that further its charitable aim5 for the ben8fit 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 neith8r related to ralsing funds for the charlty nor
part of its 8XP8nditur8 on charitable actlvities.
All costs are allocated to expendlture categories reflecting the use of the r8source. Direct costs attributable to
single activity are allocated directly to that actlvity. Shared costs are apportioned be￿een the activities they
contribute to on a reasonable, justifiab18 and consistent basis.
1.6 Tangible flxed assets
Tangible fixed assets are initially measured at C05t and subsequently measured at cost or valuation. net of
depreciation and any impairment losses.
Depreciation is r8cognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on Ihe followlng bases:
Fixtures and fitting5
25% Straight Line
The gain or loss arising on the disposal of an asset is detemined as tha 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 flxed assets
At each reporting end date, the reviews Ihe carrying amounts of its tangible assets to determir7e whether there
is any indication that those assels have suffered an impairment loss. If any such indication exists. the
recoverable amount of the asset is e5ts-mated in order to determine the extent of the imp8irment loss {if any).
12-

OPEN ARTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policles
(Continued)
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposlts held at call with banks, other short-term liquid
investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts ar& shown
within borrowings in current liabilities.
1.9 Flnanclal instruments
The has elected to apply th8 provisions of Section 11 'Basi¢ Financial Instruments, and Section 12 '0thar
Financial Instruments Issues, of FRS 102 to all of its financial instrumants.
Financial instruments are r8cognised in the 's balance sheet when the bec0rn8s paty to the contractual
provisions of the instrument.
Financial assets and liabilitl8s are offs8t. with the net amounts presenled in th8 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,
Baslc Ilnanclal asset8
Basic flnanclal assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amorti5ed cost using the effective
interest method unless the arrangement Gonslilutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounled at a market rate of interest. Financial assets
classified as receivable within one y8ar are not amortised.
Basic financial liabilltles
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 r8te of interest. Financlal liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequ8nlly carried at amortlsed cost, using the effective Interest rate method.
Trade creditors are obligatlons to pay for goods or services that have been acquired in the ordlnary course of
operations from suppliers. Amounts payable a￿ 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 eff8Ctiv8 interest method.
Derecognltlon of financial liabllltles
Financial liabilities are derecognised when the 's contractual obligations expire or are discharg8d or cancelled.
1.10 Employee beneflts
The cosl of any unused holiday entitlement is recognised in the period in which the 8mploye8'S seNices are
rec8ived.
Temination benefits are recognised immediately as an expense when the is demonstrably committed to
terminate the employment of an employee or to provide termination benefits.
1.11 Retirernent benefit5
Payments to defined Gontribution retirement benefit scheffles are charged as an expense as they fall due.
13-

OPEN ARTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Critical accounting estimat8s and judgements
In the application of the 's accounting policies, the Truste8s ar8 required to mak8 judgements. estimates and
assumptions about the Garryin9 amount of a5set5 and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical exp8rience 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 only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Income from donations and legacies
Unrestricted Restrlcted
funds
funds
2024
2024
Total Unrestricted Restrlcted
funds
funds
2023
2023
Total
2024
2023
Donations and glfts
Grant Income
234
234
197,369
779
741
188.631
1,520
188,631
197,369
234
197,369
197,603
779
189,372
190,151
Grants recelvable for core actlvltl88
ACNI
ACNI Other
Belfast City Council
Deans Christmas Sit Out
Bank of Ireland
Garfield Weston
Future Screens
Enkalon
BBC Children in Need
Dormant Accounts
Community Foundation
Nl
Co-Owner5hip
Community Fund
Kinder House
95,140
17,362
18,661
1,500
8,373
15,000
21,273
95,140
17,362
18,661
1,500
8.373
15.000
21.273
98,140
8,598
18,661
98,140
8,598
18,661
7,877
7,877
21,918
1,000
32.437
21,918
1,000
32,437
6,250
6.250
2,000
2,000
9,810
2,000
9.810
2,000
197,369
197,369
188,631
188,831
14-

OPEN ARTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Income from charitable acllvltles
Unrestrlcted
funds
2024
Unrestrlcted
funds
2023
Charitable actlvltles
Earned income
34,399
14,391
Income from investments
Unrestrfcted Unrestrictod
funds
fund8
2024
2023
Interest receivable
718
62
15-

OPEN ARTS
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Charitable activitles
Total
2024
Total
2023
Staff Costs
Depreciation and Impairment
Artist Fees & Traveling Expendilure
General Expenses
Legal & Professional Fees
staff Tralning
Room Hire, Heat & Light
Insurance
Travel Expenses
Telephon8
Printing & Stationary
Materials
Publicity and Advertlsing
115,394
1,717
58,442
5,471
2,341
328
18,806
2,106
881
750
915
5,320
808
107,430
3.425
79,307
2.294
3,398
720
19,897
1,719
574
788
2,695
2.070
4.926
213.279
229.243
Share of govemance costs (see note 7)
1,900
1.900
215,179
231.143
Analysls by fund
Unrestrict8d funds
Restricted funds
34,099
181,080
20.837
210.306
215,179
231,143
Support costs allocated to activitles
2024
2023
Governance ¢OSts
1,900
1.900
Net movement in funds
2024
2023
The net movement in funds is stated after chargingl(creditlng)'.
Depreciation of owned tangible fixed asset5
1,718
3.426
Trustees
None of the Trustees lor any persons connected with them) received any remuneration or benefits from the
during the year.
16-

OPEN ARTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
10 Employees
The av8rage monthly number of employees during the year was:
2024
Number
2023
Number
Employment costs
2024
2023
Wages and salaries
Social security costs
Other pension costs
102,982
4,180
8,232
95,725
3,995
7,710
115,394
107,430
Key Management Personnel
Key management personnel includ8 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
servic8s provid8d to the charity was £43,688 (2023- £43,462)
Ther8 were no employees whose annual remuneratlon was more than £60,000.
11 Taxatlon
The charity is exempt from taxatlon on Its actlvltles because all its Income Is applled for charitsble purposes.
12 Tanglble flxed a880ts
Flxtures and
flttlng$
Cost
At 1 April 2023
26,643
At 31 March 2024
26.643
Depreciation and Impalrment
At 1 April 2023
Depreciation charged in the year
23.035
1,718
At 31 March 2024
24,753
Carrying amount
At 31 March 2024
1,890
At 31 March 2023
3,807
17-

OPEN ARTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
13 Debtors
2024
2023
Amounts falling due wlthln one year:
Other debtors
16,256
5.978
14 Creditors: amounts falling due wlthin ono year
2024
2023
other taxation and social security
Trade creditors
Accruals and deferred incom
2.094
47
1,900
2.198
72
1,969
4,041
4,239
15 Retirement benefit schemes
2024
2023
Deflnad contrlbutlon schemes
Charge to profit or loss in respect of defined contribution schemes
8,232
7,710
The operates a defined contribution pension scheme for all qualifylng employees. The assets of the scheme
are held separately from those of the In an independently admlnistered fund.
18-

OPEN ARTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
16 Restrfcted funds
Th8 restricted funds of the charity comprise the unexpended balances of donations and grants h8ld on trust
subject to specific condition5 by donors as to how they may be used.
Movement In funds
Incomlng
Resource8
Balance at
r080urces
gxpgnded 31 March 2024
Balanc¢ at
1 Aprll 2023
ACNI AFP
ACNI Equipment
ACNI Rural EngagementArts Programme
ACNI Articulate
Bank of Ireland Arts Fund
Belfast City Council
Community Foundation Nl
Choir Touring Fund
Co-ownership Community Fund
Deans Christmas Fund
Dormant Accounts
Future Screens
Garfield Weston
Klnder House
Ulster Garden Vilages
DIFFERENCE TO ANALYSE
95,140
(95,140)
(1,289)
(2,442)
{8,186)
{8,761)
118,661)
12,000)
(810)
13,479)
2,493
1,204
6,546
4,278
8,988
8,374
8,373
18,661
2,000
4,090
388
8.377
7,567
6,331
1,500
6,250
7,393
9,810
1,500
6,250
21,273
15,000
2,000
9,230
(23,110)
115,000)
(149)
12,0541
1,851
66
2.120
26,698
197,369
1181,081)
42,987
17 Deslgnated funds
Unrestricted funds
Movement In funds
Incomlng
Resources
Balance at
resources
expgnded 31 March 2024
Balancè at
1 April 2023
General Funds
Development Funds
Access Support
82,340
15,000
12,592
35.351
(34,099)
83,592
15.000
12.592
109,932
35.351
(34,099)
111,184
19-

OPEN ARTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
18 Analysis of net assets betW88n funds
Unrestricted
funds
2024
Reslrlcted
funds
2024
Total
2024
At 31 March 2024:
Tangible assets
Current assetsllliabilities)
686
103,905
1.204
48,376
1.890
152.281
104,591
49,580
154,171
Por balance sheet
Balance to allocate
111,184
6,593
42.987
(6,593)
154,171
Unr•strlctèd
funds
2023
Rostrlcted
fund5
2023
Total
2023
At 31 March 2023:
Tangible assets
Currant assatsl(liabilitl8sI
1.113
106,105
2,494
26.918
3,607
133,023
107,218
29,412
136,630
Par balance sheet
Balan￿ to allocate
109,932
2,714
26,698
(2,714)
136,630
19 Related party transactlons
There were no disclosable related party transactions during the year (2023 - none).
20 Analysls of changes in net fund8
The had no material debt during the year.
21 Cash generated from operations
2024
2023
Surplusl(deficit) for the year
17,541
{26,539)
Adjustments for..
Investment income recognlsed in statement of financlal activltles
Depreciation and impairment of tangible fixed assets
1718)
1.717
(62)
3,425
Mov8ments in working capital-
(Incr8as8Vdecrease in debtors
(Decreaseyincrease in creditors
(10,277)
(198)
2,545
1.009
Cash generated froml(absorbed by) operations
8,065
(19,622)
-20-