ARRAY STUDIOS Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2024 3113124 Total funds 3113123 Total funds Unrestricted fund Restricted fund Notes INCOME AND ENDOWMENTS FROM Donation5 and leoacies 3,195 3,195 3,295 Charitable actisities Charitable activities 31,320 68,058 99,378 185,483 IDvestment in¢ome 136 136 171 Total 34,651 68,058 102,709 188,949 EXPENDITURE ON Charitable 2Ctiiryties Charitable activities 67,003 73J77 140,380 182,03? NET INCOMEI(EXPENDITURE) Transfers between funds (32,352) (5,319) (5,319) 5J19 (37,671) 6,917 Net movement in funds (37,671) {37,671) 6,917 RECONCILIATION OF FUNDS Total funds brought forward 52,516 52,516 45.599 TOTAL FUNDS CARRIED FORWARD 14,845 14,845 52.516 The notes forn] part of these financial statements
ARIL4Y STUDIOS Balance Sheet 31 MARCH 2024 3113124 3113123 Note5 FIXED ASSETS Tangible assets CURRENT ASSETS Cash at bank 14,845 52,516 NET CURRENT ASSETS 14,845 52,516 TOTAL ASSETS LESS CURRENT LL4BILITIES 14,845 52,516 NET ASSETS 14,845 52.516 FUNDS Unrestricted funds 14,845 52,516 TOTAL FUNDS 14,845 52,516 The financial staternents were approved by the Board of Trnstees and autliorised for issue on 18 Deceniber 2024 and were si.tsned on its belialf by.. sile BIe811aCh-caS1]ell - TrLiStee Laura O'connor - Trllstee The notes forn] part of these financial staiemenls io
ARRAY STUDIOS Notes to the Financial Statements FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES B2sis of preparinG the fancIal statements The fanCIal statements of the charity, which is a public benefit entity under IFRS 102, have been prepared in accordance with the ChaTities SORP (FRS 102) 'Accountin(F and Reporting by Charities.. Ststement of Recommended Practice applicable to chariti¢s preparing their accounts in accordance with tbe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 10?) {tffective l January ?019)', Financi21 Reporting Standard 10? 'The Financial Reportinu Standard applicable in the UK and Republic of Ireland, and the Charities Act ?008. The financial statements have been prepared under the historical cost convention. Income All income is reCOlSed 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 aggreiyate aIl cost Telated to the category. Where costs cannot be directly attributed to particular headinGs they have been allocated to activities on a basis consistent the use of resources. Taxation The cliarity is exempt from tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the tNstees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise wlien specified by the doTJor or when fid5 are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the fllwicial statements. INVESTMENT INCOME 3113124 3 113123 Investment income 136 171 TRUSTEES, REMUNEIL4TJON AND BENEFITS There were no trustees, iemuneration OT odier benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees, expense5 There were no trustees, expenses paid for the year ended 31 March ?024 nor for the year ended 31 March 20?3. continued...
ARRAY STUDIOS Notes to the Financial Statements- continued FOR THE YEAR ENDED 31 MARCH 2024 COIMPAIL4TIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted fund Total funds INCOE*IE AND ENDOWMENTS FROM Donations and legacies 3,295 3,295 Charitable 2ctivitie5 Charitable activities 160,974 24,509 185,483 Investment income 171 171 Total 164,440 24,509 188,949 EXPENDITURE ON Charitable actiTrities Charitable activities 157,523 24,509 182,032 NET INCOME 6,917 6,917 RECOTr4CILIATION OF FUNDS Total fLiiids bi'ouglit fonvard 45,599 45,599 TOTAL FUNDS CARRIED FORW.4RD 52,516 52,516 ANALYSIS OF NET ASSETS BETNVEEN FUNDS 3113124 Total funds 3113123 Total funds Unrestricted fund Restricted fund Fixed assets Ciirrent assets 14,845 14,845 52,516 14,845 14,845 52,516 12 continii¢d...
ARRAY STUDIOS Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2024 MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 3113124 At 114123 Unrestricted funds General fLU]d 52,516 (32 J52) (5,319) 14,845 Restricted funds Restricted (5,319) 5,319 TOTAL FUTrIDS 52,516 (37,671) 14,845 Net movement in funds, included in the above are as follows: Jncoming resources Resources expended Movement in funds Unrestrieted funds General fund 34,651 (67,003) (32,352) Restricted funds Restricted 68,058 (73,377) (5,319) TOTAL FUNDS 102,709 (140J80) (37,671) Comp2r2tives for movement in funds Net Tnovement in funds At 3113123 At 114122 Unrestricted funds General fund 45,599 6,917 52,516 TOTAL FUNDS 45,599 6,917 52,516 13 continued..
ARRAY STUDIOS Notes to the Financial Statements- continued FOR THE YEAR ENDED 31 MARCH 2024 MOVEMENT IN FUNDS - continued Comparative net rnovement in fi]nds, included in the above are as foIloivs'. Incomin¢J Resources expeuded Movement in funds resoui-ces Unrestricted funds General fund 164,440 (157,523) 6,917 Restricted funds Restricted 24,509 (24,509) TOTAL FUNDS 188,949 (182,03?) 6,917 A cuent year 12 montlis and prior year 12 montlis combined position is as follows: Net movement in funds Transfers between funds At 3113124 At 114122 Unrestricted funds General nd 45,599 (?5,435) (5,319) 14,845 Restricted funds Restricted (5.319) 5,319 TOTAL FUNDS 45,599 (30,754) 14,845 A CUiTenl year l2 inonths and prior year 12 months combined net movement in flds, included in the above are as follows= Incoming resources Resources ejpended Movement in funds Unrestrieted funds General fund 199,091 (224,526) (25,435) Restricted funds Restricted 92,567 (97,886) (5,319) TOTAL FUNDS 291,658 (32?,412} (30,754) 14 continiied..
ARRAY STUDIOS Notes to the Financial Statements- continued FOR THE YEAR ENDED 31 MARCH 2024 RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 March ?024. 15