ABRAY.STIJDIQS Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2023 31/3/23 Total funds 31/3/22 Total funds UnrestrActed Restricted fund fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 3,295 3,295 2.925 Charitable activities Charitable activities 160,974 24,S09 185,483 107,847 Investment income 171 171 31 Total 164.440 24,509 188.949 110,803 IXPENDITURE ON Charltable activities Charitable activities 157,523 24,509 182,032 73,838 NET INCOME 6,917 6,917 36,965 RECONCILIATION or FUNDS Total funds brought forward 45,599 45,599 8,634 TOTAL FUNDS CARRIED FORWARD 52,516 52,516 45,599 The notes form part of these financial statements
.PD h.V CTTI.T)inc Balance Sheet 31 MARCH 2023 31/3/23 31/3/22 Notes CURRENT ASSETS Cash atbanlc 52,516 45,599 NET CURRENT ASSETS 52,516 45,599 TOTAL ASSETS LESS CURRENT LIABILITIES 52,516 45,599 NET ASSETS 52,516 45,599 FUNDS Unrestricted funds 52,516 45,599 TOTAL FUNDS 52,516 45,599 ancl atements were appi'oved by the Board of Trustees and authorised foi. issue on Yith San gbgi . aiid wei'e signed on its behalf by: Sighle Bhreathnach-Cashell- Trustee Clodag Lavelle (Secretary) - Trustee Laura O'connor. Ttustee The notes form part ofthese financial statements io
ARRAY STUDIOS Notes to the Financial Statements FOR THE YEAR ENDED 31 MARCH 2023 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepai'ed in accordance with the Charities SORP {FRS 102) 'Accounting ai)d Reporting by Charities- Statement ol Recommended Pi-actice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of li'eland (FRS 102) (effective l January 2019),, Financial Reporting Standai'd 102 'The Financial Reporting Stsndard applicable in the UK aiid Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the histo)'ical cost convention. Income All income is recognffised in the Statement of Financial Activities once the charity has received the funds. Expenditure Expenditure is accounted for on a payments basis and has been classified under headings that aggregate all cost related to the categoiy. Where costs cannot be dii'e¢tly attributed to particular headkngs they have been allocated to activities on a basis consistent with the use of resources. Taxation The chai'ity is exempt from tax on its charitable activitles. Fund accounting Unrestricted funds can be used in accordance with the chai'itable objectives at the dlsci'etion of the trustees. Restricted funds can oiily be used for particiilar restricted pui'poses within tlie obJects of the chai'ity. Restrictions arise wllen specified by the doiioi. or when funds are raised for particular restricted pui'poses. Furthei. explanatlon of the nature and purpose of each fund is included in the notes to the financSal statements. INVESTMENT INCOME 31/3123 31/3/22 Investment Income 171 31 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, I'emuneration or other benefits for the year ended 31 March 2023 noi. for the year ended 31 Marcli 2022. Trustees, expenses Yhere were no trustees, expenses paid for the year ended 31 March 2023 nor for the yeai. ended 31 March 2022. li continued...
Notes to the Financial Statements- continued FOR THE YEAR ENDED 31 MARCH 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestrlcted Restricted fund fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 2,925 2.925 Charitable activities Charitable activities 51,265 56,582 107,847 Investment income 31 31 Total 54,221 56,582 110,803 EXPENDITURE ON Charitable activitles Charitable activitie5 17.256 56,582 73,838 NET INCOME 36,965 36,965 RECONCILIATION OF FIJNDS Total fun(l% bi'ouglit forward 8.634 8,634 TOTAL FUNDS CARRIED FORWARD 45,599 45,599 ANALYSIS OF NET ASSETS BETWEEN FUNDS 31/3/23 Total funds 31/3/22 Total funds Unrestricted Restricted fund fund Cui'i'ent assets 52,516 52,516 45,599 52,516 52,516 45,599 MOVEMENT IN FUNDS Net niovement in funds At 31/3123 At 1/4/22 Unrestrlcted funds Genei'al fund 45,599 6,917 52,516 TOTAL FUNDS 45,S99 6,917 52,516 12 continued...
ARRAYSTUDIOS Notes to the Flnanclal Statements - continued FOR THE YEAR ENDED 31 MARCH 2023 MOVEMENT IN FUNDS- continued Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 164,440 (157,523) 6,917 Restrlcted funds Restricted 24,509 (24,509) TOTAL FUNDS 188,949 (182,032) 6,917 Compai'ative5 for movement in funds Net movement In funds At 3113/22 At 1/4121 Unrestricted funds General fund 8,634 36,965 45,599 TOTAL FUNDS 8.634 36,965 45,599 Comparative net movement In funds, included in the above are as follows.. Incomlng resources Resources expended Moveinent in funds UnrestrActed funds General fund 54,221 (17.256) 36,965 Restricted funds Restricted 56,582 {56,582) TOTAL FUNDS 110,803 (73,838) 36,965 13 contlDued...
..A.RRAV.STilnin. Notes to the Flnancial Statements - contlnued FOR THI YEAR ENDED 31 MARCH 2023 MOVEMENT IN FUNDS- continued A current yeai. 12 months and prior year 12 months combined position is as follow5: Net movement in funds At 31/3123 At 114/21 Unrestricted funds General fund 8,634 43,882 52,516 TOTAL FUNDS 8,634 43,882 52,516 A current year 12 months and prior year 12 montlis combined net movement in funds, included in the above al'e as follows.. Incoming resources Resources expended Movement In funds Unrestricted funds General fund 218,661 (174,779) 43,882 Restricted funds Restricted 81,091 (81,091) TOTAL FUNDS 299,752 (255,870) 43,882 RELATED PARTY DISCLOSURES There were iio related party transactkons for theyeai" ended 31 Mai'ch 2023. 14
Detailed Statement of Ffinancial Activities FOR THE YEAR ENDID 31 MARCH 2023 31/3123 3113/22 INCOMEAND ENDOWMENTS Donatlons and legacles Studio rent Associates fees 3,250 45 2,835 90 3,295 2,925 Investment Income Jnvestment income 171 31 Cliarltable actlvities Pi'ogratnn]ing income Gi'ants 2,310 183,173 56,799 51,048 185,483 107,847 Total Incomlng resources 188,949 110,803 EXPENDITURE Chai'itable activities Ai'tists costs Programming costs Travel Costs Equipment Materials Venue hire 135,564 20,179 5,246 27,242 14,918 9,565 42 11,223 2,200 3,393 960 165,342 65,190 Support costs Other Wages Insurance Light and lieat Telephone Postage and stalionery Sundries Rent and rates Bank fees 5,203 617 225 578 156 4,836 s,000 75 2,000 653 567 451 237 633 4,000 107 16,690 8,648 Total resources expended 182,032 73,838 Net fincome 6,917 36,965 This page does not form partof the statutory financial statements 15