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