Charity registratlon number NIC103341 (Northern Ireland)
Company registration number N1026507
OPEN ARTS
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

OPEN ARTS
LEGAL AND ADMINISTRATIVE INFORMATION
Trustee8
l H Lindsay
S O'Donnell
J Mcconville
K Hughes
A Hope
S Finnegan
Secretary
S Flnnegan
Charlty number (Northern Ireland)
NIC103341
Company number
N1026507
Reglstered office
Crescent Arts Contre
24 Universlty Road
Belfast
Independent oxamlnor
HM Chartered Accountants
6th Floor East Tower
Lanyon Plaza
8 Lanyon Place
Belfast
County Antrim
BT13LP

OPEN ARTS
CONTENTS
Page
Trustees, report
Independent examlnerfs report
Statement of financial activities
Statement of financlal posltion
statement of cash flows
Notas to the financial statements
10-18

OPEN ARTS
TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
The trustees, who are also the directors for Ihe purpose of company law, present their report and the unaudited
financial statemenls of the charity for the year ended 31 March 2025.
Structure, Governance and Management
Governing document
The organisation is a charitable company limited by guarantee. The company was established under a
Memorandum of Association which 8Stablished the objects and powers of the company and is governed under its
Articles ofAssociation. In the 8vent of the company being wound up members are required to contribute an amount
not exceeding £1.
Recruitment and Appointment of Dlrectors
The trustees of the company are also charity trustees for the purposes of charity law. Und8r the requirements of the
Memorandum and Artic18s of Association the directors are elected to serve for a p8riod of three years after which
they must be re-elected at the next Annual General Meeting.
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 charity. New trustees are encouraged to attend suitable training
courses to familiarise theTn5elves with both th8 work of the charity and their responsibilities as trustees. They are
also made familiar with the Open Arts, Governance handbook.
Risk management
The trustees hava carri8d out a revi8w of the major risks to which the charity IS 8XPOS8d, and were appropriata have
put in plac8 Systems and controls to mitigate the 8ffect of those rlsks.
The financial statements have been p￿pared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the 's governing document, the Compani8s Act 2006, FRS 102 "The Financial
Reporting Standard applicable in the UK and Republic of Ireland" 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)..
Objectlves and activities
The principal activity of the cornpany is lo promote and co-ordinate arts actlvSties of all kinds by and with disabled
people in the ar8a of benefit, in accordance with the principles as laid down in th8 Memorandum and Articles of
Association of Open Arts.
En
Is our core weekly programme (based on 3 lemis of workshops throughout the year). This programme engages
neady 100 individuals and delivers 8 sessions every week.
We deliver additional projects so that more disabled people. particularly children and young people, can explore the
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.
En
We produce events and perfomances so that disabled people can enjoy the achievement of performance and that
audiences can enjoy thè creative and artistic tslents of disabled people.
From April 2024 until March 2025, we delivered 435 creative workshop sessions that engaged 814 individuals. A
total of 731 hours were delivered.

OPEN ARTS
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
From April 2024 until March 2025, we continued to deliver our core programme of activities for disabled adults:
3 x visual dass8s 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.
The biggest highlight of the year in our core programme was our choir winning the Royal Philharmonic Society's
Inspiration award, which was won by public vote from across the UK. Our Musical Director travelled lo the awards
ceremony with othar choir members including Breege Corr, who has been in the choir since it was formed In 2000.
The choir celebrated the win with a reception hosted by The Lord Mayor, Councillor Mickey Murray.
Movement & Mentorlng
In August 2024 we ran another of our Movament & Mentoring projects funded by ACNI Young People & Wellbeing
Arts programme. 12 young people from Mae Murray Teen Hubs look part in a week-long dance summer scheme.
Throughout the w88k they also had visits from members of Luminous Soul dance company. This week was followed
up with more rehearsals to prepare for a performanc8 as part of Open Arts 8vent 'The Big Op8n Arts Takeover. at
the Crescent Arts Centra. part of Bounc8 F8Stival. The young people also achieved Arts Awards, accredited by
Trinity College London.
UpBeat & InTune
Through fundlng from ACNI'S Rural Arts Engagement programme, we delivered numerous workshops in Newcastle
and surrounding areas for disabled children. To do thls. we worked with Autism Initiatives, Bolster Community and
other local, rural groups.
We also continued our InTune project for disabled childr8n with Angel Eyes Nl supported by Ulster Garden Villages.
Outreach Projects
Throughout the year, we also delivered creative activities, across all art forms. with numerou5 disability groups and
SEND schools including..
Brain Injury Foundation
Caring Breaks
Orchardville TRC
Mitchell House School
Junction Club
Autism Support Kilkeel
Belfast MET Learning Support
SOLAS
Parkview Special School
Edgecumbe Day Centre
Woodlands Day Centre

OPEN ARTS
TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Identify. Identity, Impact
Throughout the year we continued lo work on the Inclusive Tourism Project with Smith & Kent Consullants led by
Belfast City Council with a working group made up of Visit Belfast, Tourism Nl and Titanic Belfast. As part of the
project, we develop8d our Disability Equality Training contenl to include tasks while still interacting with our Lived
Experience Team. We a150 created 2 more Inclusive Tourism Itinerary videos and worked in partnership to produce
the Embrace the Indusive Spirit seminar.
Our CEO also stsrted Arts & Business Blueprint programme, which will impact on our development of the next 2-3
years.
Throughout the year, we created opportLJnities for our core participants lo perform and exhibit their work. which
included a series of pop-up performancas in Connswater Shopping Centre in June 2024.
In October 2024 all participant groups had a further opportunity to showcase their artistic skills over the Bounce
Festival weekend. We launched a month-long exhibition in 2 Royal Avenue, 'Class Creations, and produced a full
day of acts'vities in the Crescent Arts Centre called 'The Big Open Arts Takeover.,
F•stlvals
Throughout the year, we particlpated In numerous festivals includlng The Lord Mayor's Day when we delivered
Takeaway Theatre in Belfast City Hall, Nl Mental Health Arts FestlV81 and Eastside Arts Festlval when wa delivered
open workshops in our gamelan unit in Connswater.
Takeaway Theatre
The perfomance Is alm8d at engaging and empowering tha recipient and their family to co-craate a drama based
on a story of their making.
The experience is about engagament, empowerment and fun for the individual but it also, importantly, enablès
siblings, parents and famlly members to enjoy a shar8d experience. Throughout th8 y8ar we delivered visits across
Other achlevements
Over the course of the year mefnbers of our team wer8 invited to speak at several events including..
Musical Director - Derry International Choir Festival'5 Festival Forum, Singing is for everyone
Chairperson - Arts & Business Nl, Cultural Governance Conference
CEO - Equity Nl's Action on Access
CEO - Titanic Staff Conference on access and inclusion
Our team have continued to invest in their professional development. Our Finan￿ and Programme Officer
completed the Clore Leadership Inclusive Cultures programme and undertook training to become an Arts Awards
Advisor up to Bronze Level.
In March 2025 our CEO was shortlisted for Leader of a Small Organisation at the C03 Awards.
Financial revlew
The company is a non-profit making organisatlon. The results are set out in detail on page 8. The company had net
expenditure for tho year of £4,465.
The principal funding sources 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 rendered.

OPEN ARTS
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Resetves 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 £93,101 as detailed in note 17, 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 reserves to be adequate to
meet the needs of the charity.
Structure, governance and management
The organi5ation is a charitable Gornpany Ilmited by guarantee. The company was established under a
Memorandum of Association which established the objects and powers of the company and is governed under ils
Articles of Association. In the event of the company being wound up members are required to contribute an amount
not exceeding £1.
The Trustees, who are also the directors for the purpose of company18w, and who seNed during th8 year and up to
the date of signature of the financial statemenls were:
l H Lindsay
S O'Donnell
C Murtagh
J Mcconville
M Mann
K Hughes
A Hope
S Finnegan
(Resigned 30 November 20241
(Resigned 1 April 20251
Statsmènt of tnjstees. responslbllitios
The Trust&es, who are also the directors of Op8n Arts for the purpose of company law. are responsible for preparing
the Trustees, R8POrt and the financial statements In accordance with applicab18 law and Unitsd Kingdom
Accounling Standards (United Kingdom GenerallyAccepted Accounting Practice).
Company Law requires the Trustees to prepare financial statements for each financial year which give a true and
fair view of the state of affairs of th8 and of the incoming resources and application of resources, including the
income and expenditure, of the charitsble company for that year.
In preparing these financial stat8m8nts, the Trustees are required to..
select suitable accounting policies and then apply th8m consistently.,
observe the methods and prlncSples in the Charities SORP:
make judgements and estimates thal are reasonable and prudent.
state whether applic8ble UK Accounting Standard5 have been followed, Subject to any material departures
disclosed and explained in the financial statements; and
prepare the financial statements on tha going concern basis unless it is inappropriate to presume that the will
continuo in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at
any time 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.

OPEN ARTS
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
The trustees. report was approved by the Board of Truste8s.
l H Lindsay
Trustse
egan
Trustee
Date: .
9.1.rL.I.V..QS.

OPEN ARTS
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF OPEN ARTS
I report on the financial statements of the for the year anded 31 March 2025, which are set out on pages 7 to 18.
Respective responslbllities of charity Trustees and examiner
As the charity Trustees (and also the directors of the company for the purposes of company law) you are
responsible for the preparation of the financial statements in accordance with the requiremenls of the Compani8S
Act 2006.
Having satisfied myself that the financial statements of Ihe are not required to be audited under Part 16 of the
Companies Act 2006 and are eligible for independent examination, it is my responsibility to..
examine the financial statements under section 65 of the Charities Act (Northern Ireland) 2008:
follow the procedures laid down in the general Directions given by the Commission under seclSon 65(9)(b)
of the Charities Act (Northern Ireland) 2008., and
state whether particular matters have come to my attention.
Basls of independent examlnarfs report
I have examined your charity financial statements as required under section 65 of the Charities Act (Northern
Ireland) 2008 and my examination was Carried out in accordance with the general Directions given by the Charity
Commission for Northern Ireland un¢Jer section 65{9llb) of the Charities Act. The examination included a ￿VIeW of
the accounting records kept by the charity and a comparison of the financial statements presanted with those
records. It a150 included consideration of any unusual items or disclosures in the financial stat8ments, and seeking
explanations from you as charity trustees concerning any such matters.
My role is to state whether any m8terial matters have come to my attention giving me cause to believe that..
1. Accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
2. The financial statements do not acGord wilh those accounting records., or
3. The financial statements do not comply with the accounting requirements of section 396 of the
Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended
Practice applicable to charities preparing their financial statements in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021., or
4. Ther8 is further information ne8d8d for a proper understanding of the financlal statements to be raached.
Independent examinerfs statement
I have complet8d my examination and I hav8 no concems In respect of the matters (11 to (4) listed above and, In
connection wlth following the Directions of the Charity Commission for Northern Ireland, I have found no matters
that requlr8 drawing to your attention.
HM Chartered Accountant8
6th Floor East Tower
Lanyon Plaza
8 Lanyon Place
Belfast
County Antrim
BT13LP
Date:

OPEN ARTS
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted Rèstricted
funds
funds
2025
2025
Total Unrestrlcted Restricted
funds
funds
2024
2024
Total
2025
2024
Notes
Income from:
Donations and legacies
Charitable activities
Investments
891
37,313
1,109
195,502
196,393
37,313
1,109
234
34,399
718
197.369
197,603
34,399
718
Totsl Income
39,313
195,502
234,815
35,351
197,369
232,720
Expendlture on:
Charitable activlties
36.261
203,019
239,280
34,099
181,080
215,179
Total expandlture
36.261
203,019
239,280
34,099
181,080
215,179
Net Incomel(expendlture) and
movement In funds
3,052
17,517)
(4,465)
1,252
16,289
17,541
Reconciliatlon of funds:
Fund balances at 1 April 2024
111,184
42,987
154,171
109,932
26,698
136,630
Fund balances at 31 March
2025
114,236
35,470
149,706
111,184
42,987
154,171
The stalement of financial activities includes all gains and losses recognlsed In the year. All income and expenditure
derive from continuing activities.

OPEN ARTS
STATEMENT OF FINANCIAL POSITION
ASAT31 MARCH 2025
2025
2024
Notes
Flxed assets
Tangible assets
12
1,762
1,890
Current as8ets
Debtors
Cash at bank and in hand
13
7,180
145,211
16,256
140,066
152,391
156.322
Credltor8: amounts falling due wlthln
one year
14
(4,447)
(4.041)
Net current assets
147,944
152,281
Total assets less current liabllltle•
149,706
154.171
Income funds
Restricted funds
Unrestricted funds
16
35,470
114,236
42,987
111,184
149,706
154,171
The company is entitled to the exemptlon from the audlt requirement cont8lned in section 477 of the Companies Act
2006, for the year ended 31 March 2025.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2008
with respect to accounting records and the preparation of financial ststements.
The members have not requI￿d the company to obtaln an audit of its financial statements for the year In question in
accordance with s8Ction 476.
These financial statements have been prepared in accordance with the provisions applicable lo companies subject
to the small companies regirne.
The financial statement5 were approved by the Trustees on
l H Lindsay
Trustee
SFin
egan
Trusts0
Company registratlon number N1026507

OPEN ARTS
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Notes
Cash flov￿ from operating actlvilles
Cash generated from operations
20
6,046
8,064
Investing activltles
Purchase of tangible fixed assets
Investment income received
(2,0101
1,109
718
Net cash (usad In)Igenerated from Investlng
actlvlties
{901)
718
Net cash genarated from flnanclng actlvltles
Net increase In cash and cash equlvalents
5,145
8,782
Cash and cash equivalents at beginning of year
140.066
131,284
Cash and cash equivalents at end of year
145,211
140,066

OPEN ARTS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policles
Charity information
Open Arts is a private company limited by guarantee incorporated in Northern Ireland. The registered office is
Crescent Arts Centre. 24 University Road, Belfast.
1.1 Accounting conventlon
The financial statements have been prepared in accordance with the 's governing document, the Companies
Act 2006, FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. 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). The is a Public Benefit Entity as defined by FRS 102.
The financial stat8m8nts are prepared in sterling, which is the functional currency of the . Monetary amounts
in these financial statements are rounded to the nearest £.
The financlal statements have been prepared under the historical cost convention, modified to include the
revaluation of freehold properties and to include investment properties and certain financlal instruments at fair
value. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the has
adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees
continue to adopt the going concam basis of accounting in preparing the financial statements.
1.3 Charltable funds
Unreslricted funds are available for use at the discretion of the Trustees in furtheranc8 of their charitable
objectives.
Restrlcted funds are subject to specific conditions by donors or grantors 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 unrestrict8d funds earmarked by the trust88s for particular future project or
commilm8nl.
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 the economic benefits assoclated wilh the transaction will flow to th8 charity and th8
amount can be reliably m8asured. The following specific policias are applied to particular categori88 of
Incom8'.
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 frotn the cost lo the donor or the estimated
resale value. Donated facilities and services are recognised in the accounts when received if the
value can be reliably measured. No amounts are included for Ihe contribution of general
volunteers.
incom8 from contracts for the supply of servI￿S is r8cognised with- the delivery of the contracted
service. This is classified as unrestricted funds unless there is a contractual requirement for it to be
spent on a particular purpose and returned rf unspent, in which cas8 It may be regarded as
restricted.
10-

OPEN ARTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policles
Icontinued)
1.5 Expendltur
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which
cannot be fully recovered, and is classified und8r headings of the stat8ment of financial activities to which it
r81ates.'
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 Ihose support costs and
costs relating ta the governance of the charity apportioned to charitable activities.
• Other expenditure includ8s all expenditure that is neither related to raising funds for the charity nor
part of Its expendlture on charitab18 activities.
All costs are allocated to expenditur8 categorles reflectlng the use of the resource. Direct costs attributable to
8 single activity ar8 allocated directly to Ihat activity. Shared costs are apportion8d be￿88n the activit18S they
contribut8 to on a ￿asOnable, Justifiable and consistent basls,
1.6 Tanglble flxed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to writ8 off the cost or valuation of assets less their rasidual values over their
useful lives on the following bas8S'.
Fixtures and fittings
25°A Straight Line
The gain or loss arislng on the dlsposal of an asset is detemilned as the difference ba￿een the sale proceeds
and the carrying value of the asset, and is recognised in the statement of financlal a¢tivit188.
1.7 Impairment of flxed assets
At 8ach reporting end date, the reviews the carying amounts of its tangible assets to determine whether there
is any indication that those assets hav8 suffered an impaimient loss. If any such indication exists. the
recoverable amount of the asset is estimated in order to detemiine the extent of the impairment loss (if any).
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 maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.9 Financial instruments
The has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther
Financial Instruments Issues, of FRS 102 to all of its financial instrument5.
Financial 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 the net amounts presented in the financial statements. when
there is a legally enforceable right to sel 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.
11

OPEN ARTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
{Contlnued)
Baslc flnanclal assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and ar8 subsequently carried at amortised cost using the effective
interest method unless the arrangem8nt constitutes a financing transaction, where th8 transaction is
measurad at the present valu8 of thè future receipts discounted at a mark8t rate of interast. Financial assets
dassifiad as receivable within one year are not amortised.
Basic financlal liabiliti•s
Basic financial liabilities, includlng credStors end bank loans are initially recognlsed at transaction price unless
the arrangement constitutes a flnancirbg transaction, where the debt instrument is measured al the present
value of the future payrnents discounted at a market rate of interest. Flnancial liabilities classffied as payable
within one year are not amortised.
Debt instruments are subsequently carried at amort15ed cost, using th8 effective interest rate method.
Trade creditors are obligations to pay for goods or s8Nices that have been acquired in the ordinary course of
operation5 from suppliers. Amounls payable are classified as current liabilities if payment is due wilhin 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 interest method.
Derecognition of financlal Ilabllities
Financial liabilities are derecognised when the 's contractual obligations expire or are discharged or cancelled.
1.10 Employee benefits
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 termination benefits.
1.11 Retirement beneflts
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall du&.
Critical accountlng estlmates and Judgements
In the application of the 's accounting policies, the Trustees are required to make judgefflenls, estimates and
assumptions about the carrying amount of assets and liabililies Ihat are not readily apparenl from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and undedying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate 15 revised wher8 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.
12-

OPEN ARTS
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Income from donations and legacles
Unreslricted Restricted
funds
funds
2025
2025
Total Unrestrlcted Restricted
funds
funds
2024
2024
Total
2025
2024
Donations and gifts
Grant Income
891
891
195,502
234
234
197,369
195,502
197,369
891
195,502
196,393
234
197,369
197,603
Grants rec8lvable for corg activltles
ACNI
ACNI Other
Belfast City Councll
Deans Chrlstmas Sit Out
Bank of Ireland
Garfield Weston
Future Screens
Ulster Garden Villages
D'oyly Carte
Halifax Foundation
Dormant Accounts
Communlty Foundation
97.140
7,163
18,681
1,000
97,140
7,163
18,661
1,000
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
15,000
21,038
10,000
6,000
5,000
12,500
15,000
21,038
10,000
6,000
5,000
12.500
6,250
6,250
2,000
2,000
Co-ownership
Community Fund
Kinder House
9,810
2,000
9,810
2,000
2,000
2,000
195,502
195,502
197,369
197,369
Income from charitable actlvltlgs
Unrestrlcted
funds
2025
Unrestricted
funds
2024
Charltable activities
Earned income
37,313
34,399
13-

OPEN ARTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Income from investments
Unrestrlcted Unrestrlcted
funds
funds
2025
2024
Interest receivable
1.109
718
Expendlture on charitable activlties
Charitable Support and
actlvltles governance
2025
2025
Total
Charltablo Support and
activitlas governance
2024
2024
Total
2025
2024
Direct costs
Staff costs
Depreciation and
Impairment
Artist fees & travelling
expenditure
General expensas
Legal & professional fees
staff training
Room hire, rent, h8at &
light
Insurance
Travel expenses
Telephone
Printing & statlonery
Materials
Publicity & advert15ing
124,419
124,419
115,394
115,394
2,138
2,138
1,717
1,717
72,094
3,555
3,870
3,124
72,094
3,555
3,870
3,124
58,442
5,471
2,341
328
58,442
5,471
2,341
328
19.398
3,190
19,398
3,190
544
751
401
3,079
817
18,806
2,106
881
750
915
5,320
808
18,806
2.106
881
750
915
5,320
808
751
401
3.079
817
237.380
237,380
213,279
213,279
Share of support and governance costs (800 note 7)
Governance
1,900
1,900
1.900
1,900
237,380
1.900
239,280
213,279
1,900
215,179
Analysls by fund
Unrestricted funds
Restricled funds
36,261
201.119
36,261
203,019
34,099
179,180
34,099
181,080
1.900
1,900
237.380
1.900
239,280
213,279
1,900
215,179
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OPEN ARTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Support costs allocated to activitles
2025
2024
Governance costs
1,900
1.900
Net movement In funds
2025
2024
The net movement in funds 15 Stated after chargingl(creditingl:
Depreciation of owned tangible fixed assets
2,138
1,718
Trusteas
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the
during the year.
10 Employee8
The average monthly number of employees durlng the year was:
2025
Number
2024
Number
Employment cogts
2025
2024
Wages and salaries
Social security cost5
Other pension costs
110,842
5,345
8,232
102.g82
4.180
8,232
124,419
115.394
Key Management Personnel
Key management personnel include all persons that have authority and ￿SponsIbl11ty for planning, directing
and controlling the activities of the charity. The total compensation paid to key management personnel for
seNices provided to the charity was £46.368 (2024: £43,688)
There were no employees whose annual remuneration was more than £60,000.
11 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
15-

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
12 Tanglble fixed a888ts
Fixturns and
flttlngs
C08t
At 1 April 2024
Additions
26,643
2,010
At 31 March 2025
28,653
Depr8clatlon and Impalrment
At 1 April 2024
Depreciation charged In the year
24,753
2,138
At 31 March 2025
26,891
Carrylng amount
At 31 March 2025
1.762
At 31 March 2024
1.890
13 Debtors
2025
2024
Amounts falllng duo wlthln one year:
Other debtors
7.180
16,256
14 Creditors: amounts falling due wlthln one year
2025
2024
other taxation and social security
Trade creditors
Accruals and deferred inGome
2,242
305
1.900
2,094
47
1.900
4,447
4,041
15 Retirement beneflt schemes
2025
2024
Deflned conlrlbutlon schemes
Charge to profit or loss in respect of defined contribution schemes
8,232
8,232
The operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme
are held separately from those of the in an independently administered fund.
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OPEN ARTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
16 Restricted funds
The restricted funds of the charity comprise the un8xpended balances of donations and grants held on trust
subject to Specific conditions by donors as to how th8y may be used.
Movement In funds
Incomlng
Resources
Balance at
rèsouK•8
expended 31 March 2025
Balanc• at
1 Aprll 2024
ACNI AFP
ACNI Equipment
ACNI Rural Engagement Arts Programme
ACNI Articulate
Belfast City Council
D'olyly Carte
Halifax Foundation
Choir Touring Fund
C(FOwnership Community Fund
Deans Christmas Fund
Dormant Accounts
Futur8 Screens
Garfield Weston
Kinder Hous&
Ulster Garden Vilages
97,140
1,888
998
4,277
18,661
6,000
5,000
(97,140)
{1,679)
(7,544)
(8,555)
118,661)
1,204
6,546
4,278
1,413
6,000
{5,000)
(1,110)
16,331)
(1,500)
(150)
128,431)
(15,000)
11,852)
110,066)
7,567
6,331
1,500
6,250
7,393
6,457
1,000
12,500
21,038
15,000
2,000
10,000
1,000
18,600
1,852
66
2,000
42,987
195,502
(203,019)
35.470
17 Daslgnatod funds
Unreslrlcted funds
Movement In funds
Incoming
Resour¢es
Balance at
ourc•s
•XPgnded 31 March 2025
Balance at
1 April 2D24
General Funds
Development Funds
Access Support
83,592
15,000
12.592
39.313
(36,261)
86,644
15,000
12,592
111,184
39.313
(36,261)
114,236
18 Relatsd party transactions
There were no disdosable related party transactions during the year (2024 - none).
19 Analysls of changos In net funds
The had no material debt during the year.
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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
20 Cash generated from operations
2025
2024
(Deficitllsurpus for the year
(4,465)
17,541
Adjustments for..
Investment income recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
(1,109)
2,138
(718)
1,717
Movements in working capital:
Decreasellincrease) in debtors
InGreaselldeGreasel In Greditors
9,077
406
(10,277)
(198)
Cash generated from operatlons
6,047
8,065
18-