Charity No.. 103434 Bardic Theatre Groupy Donaghmore Financial Statements for the year ended 31 March 2023 Brian Robinson Accountancy Ltd Chartered Accountant 30 Main Street Castlecaulfield Dungannon Co Tyrone B T70 3NP Bardic Theatre Group Contents Page Accountants, report Income and Expenditure account Balance sheet Notes to the accounts Bardic Theatre Group Accountants, Report on the Unaudited Accounts to Bardic Theatre Group As described on page 3 you have approved the Accounts for the year ended 31 March 2023 set out on pages 2 and 3. In accordance with your instructions we have compiled these unaudited accounts from the accounting records and infonnation and explanations supplied to us. nan Robinson Accountancy Ltd Chartercd Accountants 30 Main Street Castlecaulfield Dungannon BT70 3NP 17 April 2024 Page I Bardie Theatre Group Income and Expendlture account for the year ended 31 MArch 2023 2023 2022 Income Box Office and other income Mid Ulster Council Grant Income Other sales income 55,899 20,000 9,890 31.630 32,190 14.520 78.340 85,789 Expenses Production expenses Marketing and administration Rent payable Rates tnsurance Light and heat Repairs and maintenanc¢ Telephone Computer costs Accounlancy Bank charges Charitsble Donations Sundry expenses Capital Grant Amortisation Amortisation on long leasehold Deprectation on FF & Equipment 61,320 6,781 1,680 360 2.817 7,711 3.965 I,053 657 795 95 300 621 (6,874) 1.468 7,079 36,301 3,129 461 2,561 3.269 13.071 1.141 1.003 795 248 (5.608) 1,468 5.999 (89.828) (63,846) Net Surplus (Deficit) for the Year (4.039) 14,494 Page 2 Bardic Tbeatre Group Balance sheet as at 31 March 2023 2023 2022 Notes Fixed assets Tangible assets 87,192 78,939 Current assets Debtors Cash at bank and in hand l3,l27 70,830 80,154 83,957 80,154 Current liabilities (note 4) Accruals 8,497 2,328 Net current assets 75.460 77,826 Total fdssets less current Ilabilities 162.652 156,765 Long-tenn liabilities (72,139) (62,213) Net assets 90,513 94,552 Capital account Brought forward at l April 2022 Surplus (Deficit) for the year 94.552 (4.039) 80,058 14,494 90,513 94,552 We approve these accounts and confmn that we have made available all relevant records and infornialion for their preparation. 14 nl,thi Malachy M ullagh Bardic Theatre Group Chairperson Date: 17th Aprll 2024 Page 3 Bardlc Thefitre Group Iyotes to the accounts for the year ended 31 March 2023 Accounting policies Accounting conventlon The accounls are prepared under the historical cost convention modified when necessary to include thc revaluation of certain fixcd assels. 1.2. Income Income represents Box Office receipts, Donations, Grants and Rent received during the year. IJ. Tangible fixed assets and depreclatlon Dcpreciation is provided at rates calculated to write off the cost or valuation less residual value of each asset over its expected useful life. as follows: t£asehold properties Fixtures, fittings and equipment Straight Line over 20 years IOO/o Reducing Balance Tanglble assets Land and bulldings leasehold Equlpment Total Cost At l April 2022 Additions 29.332 173,705 16,800 203,057 16,800 At 31 March 2023 29,352 190,505 219,857 Depreelation At l April 2022 Charge for the year 4,404 l.468 119,714 7,079 124,118 8.547 At 31 March 2023 5,872 126.793 132,665 Net book Vvdlues At 31 March 2023 23.480 63,712 87,192 At 31 March 2022 24.948 53,991 78,939 Debtors 2023 2022 Prepayments and accrucd income 13,127 Page 4 BardA¢ Theatre Group Notes to the aceouuts for tbe year ended 31 March 2023 Current liabilities 2023 2022 Accruals and deferred income 8.497 2,328 LoDg-term liabilities 2023 2022 DFC Capilal Grant Received 72,139 62,213 Page S