Charity No: NIC 104604 Greater Shantallow Communlty Arts Accounts for the year ended 31 March 2023
Greater Shantallow Community Arts Contents Page Legal and Administrative Information Report of The Management Committee Iiidependent Exaniiner's Report Statement of Financial Activities Balance sheet Not¢s to the accounts 7-11
Greater Shantallow Community Arts Legal and Administrative Information Charlty Name Greater Shantallow Community Arts Cbarlty Number NIC 104604 Operational Address Uiiit 213 4 Beraghmore Road Skeoge Ind Estate Derry BT48 8SE Trustees of Greater Shllntallow Communtly Arts Bobby Kelly Philomena Gillen Eleanor Plummer Lynn Mccarron Jolin McLaughlin Annmarie Kelly Ann McKeever Maura Ebbs Catrina McFeely Jim Collins Conor Stanley Kayleigh Doherty Ae¢ountonts McGroaty Mccafferty & Company Ltd Accountants and Consultants 2 Carlisle Terrace Derry, BT48 6JX Bankors Bank of Ireland 27 Culmore Road Derry BT48 8JB Page I
Greater Shantallow Community Arts Report of The Management Committee The Management Committee preseiit tlieir report and the financial statements for the year ended 31 March 2023. Prlnclpal actlvlty and obJc¢tlves Great¢r Shantallow Community Arts (GSCA) seeks the advancement of arts culture & heritage as a coinmunity arts organisation that aims to provid¢ direct access to the arts within disadvantaged Goinmunities in the Greater Shantallow Are8JOuter North regioii of Derry aiid to be a conduit to bring communities from "edge to centre" into strategic plans for the arts locally, regionally and nationally. GSCA seeks the advancement of education, citizensliip and community development, as GSCA aims to promote artists, cultural activity9 grow audieiices, increase participation in tl)e arts and provide opportuiiity for cominunities and individuals to develop skills and provide showcases for talent using a wide range of art fonns. GSCA seeks th¢ advanoement of healtli and tlie saving of lives by ackiiowledging the transfonnative power of the arts to mak'e strategic social intervention5 to alleviate complex problems such as: social exclusion, isolation, lack of opportunity aiid poverty. GSCA is committed to equality regardless of cultural background, age, disability, sexual orieiitation or ecoijoinic status. Managoment Commlttee Tlie members of tlie ¢liarity for tlie purposes of cliarity law and throughout this report are collectively referred to as the trustees. The truste¢s serviiig during the year and since tlie year end were as follows; Bobby Kelly Eleanor Plummer Lynn Mccarron John McLauglilin Annmarie Kelly Conor Stanley Ann McKeever Maura Ebbs Catriiia McFeely Jim Collins Philom¢na Gillen Kayleigh Doliety Rlsk ManAgement The trust¢¢s Iiave assessed tlie major risks to which tlie association is exposed, in particular those related to the operations and fiiiances of the association, and are satisfied that systenis are in place to mitigate tlie exposure to the major risks, Flnanclal revlew The finaiicial performance is summarised in the enclosed accounts. Plans for Future Periods As Greater Shantallow Community Arts enters its 23rd year of providing vital community arts services to the residents of OLir City, it is appropriate that we take time to reflect upon the impact of our work to date and how we can continue to service the artistic, creative and cultural needs of our communities in the time ahead. To this end GSCA have implemented a 2year programine of iinpact assessment, consultation and development of a New Five-year Strategic Plan and Business Plan to run aloiigside senior management and board training with developmeiit programmes designed to support our orgaiii5ations sustainability, r¢silience and growth in tlie time ahead. This process togetlier with our work with a wide range of strategic statutory and communlty partners to identify and implement a strategie groivtl) plwi tliat will service the future capital requirements of the delivery of Arts and Cultural provision for tlie Ballyarnett DEA in which we are based and indeed the Community Arts pliysical requireinents of our city and region offerKng exciting opportunities to ensure that we progress with a sense of optimism, excitemeiit and confidence in the forward momenttim of our organisational objectives. Page 2
Greater Shantallow Community Arts Report of The Management Committee Members Responsibilities In Relation To The FinanciAI Statements The members are reponsible for preparing tlie annual report and tlie financial statemeiits in accordance with tlie applicable law aiid United Kingdom Generally Accepted Accounting Practice. The laiv applicable to charities in Northern Ireland requires the members to prepare financial statements that give a true and fair view of the state of affairs of the cliarity at tl)e ¢nd of the financial year and of its surplus or deficit in the financial year. In doing so the members are required to; select suitable accounting policies and apply thein consistently. observe the methods and principles in tlie Charities SORP 2019 (FRS 102); make judgements and estiinates that are reasonable and prudent. state wlietlier applicable UK Accounting Standards l)ave beeii followed, subject to any material departures disclosed and explaiiied iii the fiiiancial statements. prepare the financial statements on the going concern basis unless it is inappropriate to presume tliat the charity will continue in business, The members are respoiisible for maintaining proper accouiitiiig records which disclose with reasonable accuracy at any time the finaiicial position of tlie cliarity aiid eiiables tliem to ensure that the financial statements comply witli the Cliarities Act (Nortliem Ireland) 2008. Tlie members are also responsible for safeguarding tlie assets of tl)e cliarity and lience for taking reasonable steps for tlie preveijtion and detection of fraud and otlier irregularities. A resolution will be proposed at the Annual General Meetiiig that McGroarty Mccaffety & Company Ltd be re-appointed as accountants for the charity for tlie ensuing year. By Order of tlie Management Committee: Commlttee Member Date: 22 June 2023 Commlttee Meniber Date: 22 June 2023 Page 3
Greater Shantallow Community Arts Independent Examiner's report to the charity committee members of GreAter Shantallow Community Arts We report on tlie accounts of the charity for the year ended 31 March 2023, wliicl) are set out on pages 5 - 11. Respectlve responslbllltles of charlty commltt¢e members and examiner As the charity's members you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It is our responsibility to: examine tlie accounts under Section 65 of the Charities Act. follow tlie procedures laid down iii the general Directions given by tlie Commission under Section 65(9) (b) of the Charities Act. state wliether particular matters have come to our attention. Basis of Independent examiner's report We have examined your cliarity a¢couiits as required under Section 65 of tlie Charities Act and our examination WAS carried out in accordance witli the general Directions given by the Charity Commission for Northern Ireland under Section 65 (9)(b) of tlie Cl)arities Act. Oiir examination included a review of the accounting records kept by tl)e charity and a Comparison of the accounts presented with those records. It also included considerations of any unusual items or disclosures in th¢ accounts, and seeking explanation from you as charity niembers concerniiig any such matters. Our role is to state wlietlier any material matters have come to our atteiition giviiig us cause to believe: l. That accounting records were not kept in accordance witli Section 63 of tlie Cliarities Act. 2. That tlie accounts do not accord with those accounting records. 3. Tliat the accounts do not comply witli tlie accountiiig requiremeiits of the Charities Act. 4, That there is further information needed for a proper understanding of tlie accounts to be reached. Independent Examiner's Statement We can confinn that we are qualified to undertake tlie examination as we are registered members of Chartered Accountants Irelaiid which is one of the listed bodies. We have completed our examination and have no concerns in respect of the matters 1 4 listed above and, in connection with tlie followiiig Directions of the Charity Commission Northern Ireland. we have found no matters that require drawing to your attention. McGroarty Mc Cafferty & Compamy Llmited AccountRlits and Tax Consultants 2 Carlisle Terrace Derry BT48 6JX Date: 22 June 2023 Page 4
Greater Shantallow Community Arts Statement of Financial Activities for the ycar ended 31 March 2023 Unrestricted Funds Restricted Funds 2023 2022 Income and Expenditure Incomlng Resources Grants Received & Otlier Income 20,375 475,111 495,486 563,874 Total Incoming Resources 20,375 47S,I I I 495,486 563,874 Resources Expended Managemeiit & Administration 514,837 514,837 544,043 Totlll Resources Expended 514,837 514,837 544,043 Net Incomlng l (Outgoing) Resources 20,375 (39,726) (19,351) 19,831 Balances brouglit forward l April 2022 68,251 339,955 408,206 388,375 88,626 300,229 388,855 408,206 Transfer of funds (23,164) 23,164 Balaiices carried forward 31 March 2023 65,462 323,393 388,855 408,206 The above amounts relate to Continuing operations of the group. Tlie organisation has 110 recognised gains and losses other than tliose included in the results above and therefore no separate statement of total recognised gains and losses has been presented. There is no difference between the net incoming resources for the year stated above and their historical cost equivalents. Page S
Greater Shantallow Community Arts Balance sheet as at 31 March 2023 2023 2022 Notes Fixed assets Tangible assets 323,393 339,955 Current assots Debtors Casli at bank and in liand 32,436 78,093 27,600 58,052 110,529 85,652 Current liabilitles (note 8) Bank loans and overdrafts Other Creditors Accruals 6,521 6,778 4,102 4,994 40,073 45,067 17,401 Net current assets 65,462 68,251 Total assets less current Ilabllltles 388.855 408,206 CApltAI account Restricted funds Unrestricted funds 323,393 65,462 339,955 68,251 388,855 408,206 l approve tliese accounts aiid confimi that I Iiave made available all relevant records and infomiation for their preparation. Commlttee Me ber Commlttee Member Date: 22nd June 2023 DAte; 22nd June 2023 Page 6
Greater Shantallow Community Arts Notes to the accounts for the year ended 31 March 2023 Accounting policles Tlie priiicipal accounting policies adopted in the preparation of the financial statements are set out below. 1.1. Accountlng convention The Financial Statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommeiided Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in tlie UK and Republic of Ireland Charities SORP 2019 (FRS 102) and the Charities Act (Northern Ireland) 2008. 1.2. Incomlng resources All incoming resources are iiicluded in tlie statement of financial activities when the charity is entitled to the income aiid the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: Voluntary income is received by ivay of graiits, donations and gifts and is included in 11 in tlie stateineiit of financial activities when receivable. Grants wliere entitlement is not conditional on the delivery of a specific perfomil<ii¢e by tlie cliarity, are recognised wlien tlie charity becomes unconditionally entitled to tlie grant. Donated services and facilities are incliided at the value to tlie cliarity wliere tliis can be quantified. The value of services provided by voliinteers has not been included. Gifts donated for resale are included as incoming resources ivithin activities for generating funds when tliey are sold. 1.3. Resources expended Expeiiditure is recogiiised on an accrual basis as a liability is incurr¢d. Expenditure ii)cludes any VAT which Cannot be fully recovered, and is reported as part of tlie expenditure to which it relates. Charitable expenditure comprises tliose costs iiicurred by the charity in tlie delivery of its activities and services for its beneficiaries. Tt includes botli costs tliat can be allocated directly to sucli activities aiid tliose costs of an indirect nature iiecessary to support tliem. 1.4. Tanglble fixed assets and depreciation Tangible fixed assets are stated at cost less depreciation, Depreciation 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: Renovations Fixtures, fittings and equipment Not depreciated 200/0 straiglit Line Page 7
Greater Shantallow Community Arts Iyotes to the accounts for the year ended 31 March 2023 Income Year Ended 2023 Year Ended 2022 Rostrieted Income Department for Comiiiunities Departmeiit of Education Derry City aiid Strabane District Council Bogside & Brandywell Health Forum The Executive Office Community Foundatioii Nl Clear Project graiit Greater Sliantallow Area Partnerslilp Arts Council of Nortliern Ireland Education Autliority Tlie National Lottery Awards for All Tlie National Lottery Dormant Accounts National Lottery Community Fund Community Relations Coiincil North West Youtli Services Health and W¢ll Being Fund Future S¢r¢ens NI Department For Justice WHSCT 9,535 7,053 10,707 35,496 37,342 2,000 94,094 3,500 9,900 5,332 191,140 65,233 i 0,000 15,000 64,133 13,264 3,400 263,113 103,225 10,000 7,000 831 2,652 21,919 8,000 2,116 475,111 520,874 Unrestricted Income Donations 20,375 43,000 20,375 43,000 Total Income 495,486 563,874 (i) Restricted Funds Fuiids re¢¢ived Nvhich are earmarked by tlie Fuiider for specific purposes. Such purposes are witliin tlie overall aims of the organisation. (il) Unrestricted Funds Funds wliich are expeiidable at the discretion of the company in furtherance of the aims of tlie charity. In addition funds inay be Iield in order to fiiiance capital investinent and working capital. Page 8
Greater Shantallow Community Arts Notes to the accounts for the year ended 31 March 2023 2.1 Resources Expended Yoar Ended Total 2023 Year Ended Total 2022 Unrestrlcted Funds Restrlcted Funds Management & Admlnistration Wages & salaries Pension costs Programme costs Tutor costs Rent, rates & water IIisLirance Liglit & lieat Repairs & Inaintenance Postage, stationery & advertising Telephone, fax & iiiternet Accoiintancy Bank charges Bank interest Siindry expenses Depreciation 167,030 9,499 176,604 18,525 49,234 3,637 34,325 19,557 13,421 4,557 1,272 378 167,030 9,499 176,604 18,525 49,234 3,637 34,325 19,557 13,421 4,557 1,272 378 156,516 9,247 247,490 19,315 42,868 3,765 16,769 13,208 5,368 5,006 1,296 245 6,385 235 16,563 235 16.563 16,563 514,837 514,837 544,043 Net (outgolng)Ilncomlng rosour¢e$ for the Perlod Year Ended 2023 Year Ended 2022 Net (outgoing)/in¢oming resources is stated after cliarging: Depreciation and other amounts written off tangible fixed assets Accountancy fees 16,563 1,272 16,563 1,296 Page 9
Greater Sbantallow Community Arts Notes to the Accounts for the year ended 31 March 2023 Staff Dote The average number of persons employed by tlie company during the year amounted to 8 (2022 - 9). Tlie aggregate payroll Costs incurred during the year were: 2021 2020 Wages and salaries Pension contributions 167,030 9,499 156,516 9,247 176,529 165,763 Taxation As a charity, Greater Shantallow Community Arts is exempt from tax on incoine and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Cliargeable Gains Act 1992 to the extent that these are applied to its chargeable objects. Accordingly) 110 tax charges have arisen in the cliarity. TaDglble nssets Rcnovatlons Equlpment Total Cost At l April 2022 At 31 March 2023 312,575 85,047 397,622 312,575 85,047 397,622 Depreclatlon At l April 2022 Cliarge for the year At 31 Marcli 2023 57,666 16,563 57,666 16,563 74,229 74,229 Not book values At 31 Marcli 2023 312,575 10,818 323,393 At 31 March 2022 312,575 27,382 339,955 Debtors 2023 2022 Grants Due 32,436 27.600 Page 10
Greater Shantallow Community Arts Notcs to the accounts for the year ended 31 March 2023 Current liabilities 2023 2022 Loans and overdrafts Taxes and social security costs Accruals & deferred income 6,521 6,778 4,102 4,994 40,073 45,067 17,40E Movements In Funds At l April Incomlng Outgolng 2022 resources resources Transfers At 31 March 2023 Restrlcted funds: Total restricted funds Unrestricted funds: Total iinrestricted funds 339,955 475,111 (514,837) 23,164 323,393 68,251 20,375 (23,164) 65,462 Total funds 408,206 495,486 (514,837) 388,855 Purposes of Restrlcted Funds Restricted grants awarded to the charity is provided to cover the core objects as explained in directors report. 10, Controlllng Interest Ultimate control of the charity lies with tlie cominittee members. 11. Related Party Transactlons Tliere were no related poty transactions in year under review. Page 11