DOWN COMMUNITY ARTS
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31ST MARCH 2023
Company Registration No. N1027833
Charity No. 103607
EAMONN P MCGRADY & CO
Chartered Accountants &
Registered Auditors
21 a Market Street
DOWNPATRICK
Co Down
BT30 6LP
Tel.. 028 44614340
Fax: 028 44614408

DOWN COMMUNITY ARTS
REPORT AND FINANCIAL STATEMEIYTS
YEAR ENDED 31ST MARCH 2023
CONTENTS
PAGE
Company Infonnation
Report Of The Committee
Accountants, Report
Income and Expenditure Account
Balance Sheet
Notes To The Financial Statements
9- 13

DOWN COmI￿uNITy ARTS
REPORT AND FINANCIAL STATEMENTS
31ST MARCH 2023
COMPANY INFORMATION
COMPANY REG NO:
N1027833
CHARITY NO:
103607
CHAIRPERSON:
Brenda Kent
TREASURER:
Bill Osboume
Vera Woods
Resigned 12111 October 2023
Appointed 28111 Noveinber 2023
SECRETARY:
Claire Rose Canavan
BOARD MEMBERS:
Those who served during the year ended 31 st March 2023 were:
Claire Rose Canavan
Anne Hanna
Brenda Kenl
Bill Osboume
Margaret Ritchie
Emma Whitehead
Vera Woods
Resigned 12111 October 2023
REGISTERED OFFICE:
2-6 Irish Street
DOWNPATRICK
Co Down
BT30 6BP
ACCOUNTANTS:
Eamonn P McGrady & Co
Chartered Accountants &
Registered Auditors
21 a Markel Slreel
DOWNPATRICK
BT30 6LP
BANKERS:
AIB
42-44 Hill Street
NEWRY
BT34 IAR
SOLICITORS:
Sciillion & Green
48 St Patrick"s Avenue
DOWNPATRICK
BT30 6DW

DOWN COMMUNITY ARTS
REPORT OF THE COMMITTEE
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED
31ST MARCH 2023
The committee present their report and the Financial Staiements for the year ended 31 st March
2023.
PRINCIPAL ACTIVITIES
The principal activity of the company is to bring the arts in all fornis to the community,
especially to those living in rural areas. Actual benefits include increased education about art,
reduced social isolation, improved self-confidence and enhancement of community efticacy.
These are evidenced by the feedback systematically collected from participants in and partners
to our work.
EVENTS SINCE THE END OF THE YEAR
There have been no events since the Balance Sheet date necessitating any revision of the
Financial Staiements.
REVIEW OF RESULTS
The Sury)lus of Income over Expenditure for the year was £85. (2022 surplus - £2,690).
The Committee is satisfied with the progress made in the year.
STATEMENT OF DIRECTORS RESPONSIBILITIES.
Company law requires the directors to prepare Financial Statements for each financial period
which gives a true and fair view ot.the state of affairs of the Company at the end ot'ihe tinancial
year and of the profit or loss for the period. In preparing those financial statements, the directors
are required to:
Select suitable accounting policies and then apply them consistently.
Make judgements and estimaies that are reasonable and prudent.
State whether appropriate accounting standards have been followed.
Prepare the financial statements on a going concern basis unless such an assumption is
inappropriate.
The directors are responsible for keeping proper accounting records, for safeguarding the assets
of the entity and for the prevention and detection of fraud and other irregularities.

DOWN COMMUNITY ARTS
REPORT OF THE COMMITTEE
REPORT AIND FINANCIAL STATEMENT FOR THE YEAR ENDED
31ST MARCH 2023
(Continued)
STATEMENT OF DIRECTORS RESPONSIBILITIES (Continued)
Insofar as the trustees are a￿,are".
there is no relevant audit inforniation of which the charitable company's accountants are
unaware and
the trustees have taken all steps that they ought to have taken to make themselves aware
of any relevant accounts inforniation and to establish that the accountants are aware of
that inforniation.
ACCOUNTING STANDARDS
The committee is of the view that appropriate accounting and financial reporting standards have
been t"ollowed in the preparation ot.the FIn￿]cIal Sthteiiients.
ACCOUNTANTS
Eamonn P McGrady & Co have expressed their willingness to continue in office as Accountanls
and a resolution for their re-appointment will be proposed at the forthcoming annual general
meeting.
SMALL COMPANY PROVISIONS
This report has been prepared in accordance with the provisions applicable to
companies entitled to the small companies exemption.
By Order of the Committee
/l-/L-13
Bren
a Kent
CFIAIRPERSON
DATE
2-6 Irish Street
DOWNPATRICK
Co Dow]
BT30 6BP

DOWN COMMUNITY ARTS
Aecountants, report on the unaudited accounts to the directors of Down Community Arts.
In order to assist you to fulfil your duties under the Companies Act 2006, 1 have prepared for
your approval the financial statements of Down Comm￿1]ty Arts for the year ended 31
March 2023 which comprise the statement of income and retained earnings, statement of
financial position and related notes from the company's accounting records and from
inforniation and explanations you have given me.
st
As a practising member of Chartered Accountants Ireland, T am subject to its ethical and
other prot"essional requirements which are detailed at www.charteredaccountants.ie.
This report is made solely to the directors of Down Community Arts, as a body, in accordance
with the ternis of my engagement letter. My work has been undertaken solely to prepare for
your approval the financial statements of DowTr Community Arts in accordaiice with the
requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie.
To the fullest extent perniitted by law, I do not accept or assume responsibility to anyone
other than Community Arts and its direclors as a body for my work or for this report.
It is your duty to ensure that Down Community Arts has kept adequate accounting7 records
and to prepare statutory financial statements that give a irue and tair view ol. Ihe assets.
liabilities, tinancial position and surplus ot" Down Community Arts. You consider that Dowj
Community Arts is exempt t'rom the slalutory audit requireinent for the year.
I have not been instructed to carry out an audit or a review of the financial statements of
Down Community Arts. For this reason, I have not verified the accuracy or completeness ot.
the accountingi records or inforn]ation and explanations you have given to me and I do not,
therefore, express any opinion on the statutory financial statements.
Eamonn P McGrady & Co
Chartered Accountants
21 a Market Street
DOWNPATRICK
Co Do￿Tr
BT30 6LP
Date

DOWN COMMUNITY ARTS
INCOME AND EXPENDITURE ACCOUNT FOR THE
YEAR ENDED 31st MARCH 2023
NOTES
202)
2022
Unrestricted
Funds
Restricted
Funds
Total
Funds
Total
Funds
INCOME
44,925
67.596
112,521
79,397
Direct C05t of Activities
55
44.870
38.528
40.869
44.870
Administrdtive Expenses
OPERATING SURPLUS
85
85
2.690
Interest Received & Similar
Incoine
Surplus on Ordinary Activilies
for the year.
Balance Brought Forward
85
85
2,690
Balance Caried Forward

DOWN COMMUNITY ARTS
BALANCE SHEET- 31ST MARCH 2023
NOTE
2023
2022
FIXED ASSETS
Tangible Assets
12
CURRENT ASSETS
Debtors & Prepayments
Cash at Bank and in Hand
13
15,152
14,582
2),037
25,429
CURRENT LIABILITIES
Bank Overdrafts
Accruals and Deferred Income
14
NET CURRENT ASSETS
19,890
19,465
LONG TERM LIABILITIES
NET ASSF.TS
CAPITAL & RESERVES
Reserves Brought Forward
20,982
18,292
Surplus of Income over Expenditure
85

DOWN COMMUNITY ARTS
STATEMENT OF FINANCIAL POSITION {CONTINUED)
AT 31ST MARCH 2023
In preparing these financial ststements:
(a)
The directors are of the opinion ihat the company is entitled to exemption from audit
under Section 477 of the Companies Act 2006.
(b)
No notice has been deposited under Seclion 476 by a member requiring an audit, in
relation 10 the tinancial statements for the financial year.
The directors acknowledge their responsibility for:
(i)
ensuring thai the company keeps proper accounting records in accordance with Section
386 ot.the Act, and
(li)
preparing financial statements which give a true and fair view of the state of afyairs ot.
the company as at the end of the tinancial year and ot" its profit or loss for the tinancial
year and which otherwise comply with the requirements of the Act relating to the
financial statements, so far as applicable to the company.
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies, regyime and in accordance with FRS 102 "The
Financial Reportingy Standard applicable in the UK and Republic of Ireland"
Approved by the directors.
Vera Woods
TREASURER
DATE

DOWN COMMUNITY ARTS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023
GENERAL INFORMATION
The company is a private company limited by guaTantee, registered in Northern Ireland.
These financial statements are presented in £ Sterling because that is the cutTency of the
economic environment in which the Club operates.
STATEMENT OF COMPLIANCE
The tinancial statements have been prepared in accordance with 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 l January 2015)
(Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) (September 2015) and the Companies Act 2006.
ACCOUNTING POLICIES
The Financial Statements have been prepared in accordance with Statements of
Standard Accounting Practice and Financial Reporting Siandards issued by the
Institule of Chartered Accountants in Ireland.
(a)
BASIS OF ACCOUNTING
The Financial Statements have been prepared in accordance with the historical
cost convention.
INCOME
Income is measured at the fair value of the consideration received or receivable
for gyoods supplied and services rendered. Other income consists ot" donations,
grants and other amounts arisingi from the company's ordinary activities.
(c)
DEPRECIATION
Depreciation is calculated to write off the cost of fixed assets over their
anticipated useful lives on a reducing balance basis:
Fixtures and Fittings 20%
Equipment
25%
No depreciation is provided in the year of disposal. A full year s depreciation is
provided in the year of acquisition. When an asset is acquired and disposed of in
the same year, no depreciation is charged.
(d)
TAXATION
No provision is made for taxation as Community Arts has been granted
charitable status by HM Revenue & Customs.

DOWN COMMUNITY ARTS
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST MARCH 2023
(Continued)
ACCOUNTING POLICIES
(e)
LEASED ASSETS
Where assets are financed by leasing agreements {'Finance Leases,), the assets arc
included in the Balance Sheet at cost less depreciation in accordance with the Company's
nonnal accounting policies. The interest element of rental obligations is chargyed to tlie
income and expenditure account over the period of the lease. Rentals payable undei.
operating leases are charged to the income and expenditure account as incurred.
(f)
CAPITAL EXPENDITURE
All expenditure, other than that which has been capitalised is included in the income
and expenditure account in the period to which it relates.
(g)
GOVERNMENT CRANTS
Government gyrants are recognised at the fair value of the asset received or receivable.
Grants are not recognised until there is reasonable assurance that the company will
comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the perfomiance model. Under the
performance model, where the grant does not impose specified future performance-
related conditions on the recipient, it is recogjnised in income when the gyrant proceeds
are received or receivable. Where the grani does impose specified future pert"ormance-
related conditions on the recipient, it is recognised in income only when the
pert"onnance-related conditions have been met. Wliere grants received are prior to
satist.ying the revenue recogFnition criteria, they are recognised as a liability.
(h) FINANCIAL INSTRUMENTS
A financial asset or a financial liability is recognised when the company becomes a party
to the contractual provisions of the instrument.
10-

DOWN COMMUINITY ARTS
NOTES TO THE FINANCIAL STATEMENTS
YEAR EIYDED 31ST MARCH 2023
(Continued)
INCOME
2023
2022
Unrestricted Restricted
Arts Council of Northern Ireland, Lottery
ACNI - Emergency Operations
Newy, Mourne & Down District Council
Nl Ottice Centenary Fund
Halifax Foundation
Service Provision:
YMCA
Murlough Community Association
Patrician Youth Centre
EA Belt-ast Region
Downpatrick Towi Committee
51,588
51,588
(91)
11,700
4.000
12,144
3,864
1,800
350
300
900
1,200
500
LIMITED BY GUARANTEE
The company is limited by guarantee and therefore does not have a share capital.
OPERATING SURPLUS
2023
2022
Operating profit is arrived at after charging:
Depreciation
2023
2022
Other Interest Receivable & Similar Income
Interest Received
Interest Payable & Similar Charges
Bank Interest and Charges
207
339
11

DOWN COMMUNITY ARTS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023
(Continued)
Employees & Pensions
Average number of people employed by the Company during the year
2023
2022
Administration
Cost incurred in respect of these employees:
Wages & Salaries
Pensions
32,805
796
29,854
709
10
DIRECTORS EMOLUMENTS
2023
2022
The direciors emoluments were
11
TAXATION AND SOCIAL SECURITY
The company has been granted charitable status by HM Revenue & Customs and
therefore is not generally liable to Corporation Tax.
12
TANGIBLE FIXED ASSETS
EQUIPMENT
FIXTURES
& FIrriNGS
TOTAL
COST:
At Siart of Year
Additions
Disposals
7,676
2,409
10,085
At End of Year
DEPRECIATION
At Start of Year
Disposals
Provision for Year
6,939
1,629
8,568
184
156
785
340
BALANCE SHEET VALUE
31 March 2023
-553.
31 March 2022
12-

DOWN COMMUNITY ARTS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023
(Continued)
13
DEBTORS & PREPAYMENTS
2023
2022
Grants Accrued
Debtors
Prepayments
2,579
11,728
845
2,579
14
CURRENT LIABILITIES
2023
2022
Accruals
Taxes & Social Security
4,470
677
4,845
15
CONTINGENT LIABILITIES
In certain circumstances. it is possible that grants would become repayable. No such
circumslances arose at the balance sheet date.
16
RELATED PARTY TRANSACTIONS
There were no transactions involving related parties in the year requiring disclosure in
the tinancial statements.
17
GOING CONCERN AIYD COVID-19
In common with almost all businesses, particularly those in sectors such as the creative
arts. COVID-19 continued to have had an impact on ihe business operations dui'ing
2022. However, the company has responded tlexibly to the circumstances arising since
the pandemic began and continues to trade to the satisfaction of the directors.
Accordingly, the directors believe that the use of the Going Concern basis in
the preparation of the financial statements is appropriate.
13-