Charity No: NIC 104604 Greater Shaiitallow Community Arts Accounts for the year ended 31 March 2024
Greater Shanlallow Communlty Arts Conteiits Page Legal and Adminislralive Information Report of The Management Committee Independent Examiner's Report Stutement of Financial Activities Bdlaiice sheet Note.5 to the accounts 7-11
Greater Shanlallow Coinmunity Arts LegAI and Adminislrative Inforniation Charity Name Gre£lter Shantallow Coinmunity Arts Charity Number NIC 104604 Opei"ational Addre&s Unit 213 4 Beraghmore Road Skeoge Ind Estate BT48 8SE Trustees of Greatei. Shanthllow Communtiy Arts Bobby Kelly Philomena Gillen Eleanor Pluminer Lynn McCari"on Jolin MLLaughliii Annmarie Kelly Aiiii McKeever Maura Ebbs Catrina McFeely Jim Collins Conor Stanley Kiiyleigli Doherty Accouiilants MLGrotirty Mccaffcity & Company Ltd Accountants and Tax tonsultants 2 Cai-lisle Tcri-ace Derry, BT48 6JX Bankers Bank of Ireld 27 Ciilmore Road Derry BT48 8JB Page I
Greater Shantallow Community Arts Report of The Management Committee The Management Committee present their report and the financial .statement.8 for the year ended 31 mai.ch 2024. Principal activity and objectives Greater Shaiitallow Communiiy Arts (GSCA) seeks the advancement of arts culture & herit<ige as Li cominunily <1rl8 organisalion tlial aims to provide dii-ecL 1¢ cce.%s lo ihe arl,5 wilhin di.%&idvdiilaged cominLinilie, iii the Greater Shaiilallow Arealouter NorLh rcgion of Derry and t(} be cl coiiduit t(} bl-ing Li)mmuiiities fi'om 'cdge to centre" into strategic plan.8 for the 1Lrt8 locally, region1clly l¢nd ncqtioncllly. GSCA .sccks the advancement of education, citizenship and community development, as GSCA aiins to promote artl8t.s, cultural clctivily, gl-ow audiences, increase partlLipation in the arts. and pr()vide oppi)rtunily for Lominunilies and iiidividuals to develop skills and provide showcases for taleiit iising a wide raiige of art toiins. GSCA seeks tlie ¢idvanccineiit of heÉilth ¢l1)d the saving of live.8 by <icknowleclgiiig the ti'iii).4tOl'lll<ltive powci, ot Ilie arts to make strategic social interventlons to alleviate complex probleins such as.. social excliision, isolation, laLk of opportunity and poverty. GSCA is committed to equiility regiardless of cultiiral background. age, di.sability, sexiial orientation or economic sLattis. Management Commiltee The Ineiiibers ()r Ilie Lh¢irity for the purposes of charily law and throughoiil this reporl are LolleLlively referred to 11.5 the tiii4tee%. The tiStee serving diiring the year and siiice the ye<ir eiid were Ét& tollows: B()bby Kelly EIc41nor Pluinmer Lynn MLCarron Johii McLaughlin Aiiiim£11'ie Kelly C()n()r Stcinley Risk Maiiagement The Iruslees have assessed the Inajor risk.s lo whiLh Ihe a%socidlion is expiise(I, in parliLular Ihc)se rel<ilecl li) the operations and finances of the associatioii, and are satisf'ied that systems are iii place to niiligate tlie cxposurc lo Ihc m<?jor risks. Ann McKeevei' M<iufil Ebbs Catrina McFeely Jim Collins Philomeiia Gillen Kayleigh Doherty FinanLial review The financi&l performance is summari.4ed in the enclo8ed accounts. Plans for Future Periods As Grellter Sli<inl¢illow Community Ai-18 enters its 24th yeai. of providing vil(11 commliniiy arls services lil Ihe re%icleiit% of oui- city. it i.s appropriiL te that we take time to reflect upoii the impdLt ot oui- woi'k to date ciiid liow WC C4gn continuc lo servicc thc clrtistic, creiltivc c1nd ciilturL11 needs of our coiiiiiiuniti¢.8 iii thc limc ¢ihcad. To thi.s end GSCA have impleinented a 2 year programtne of iinpact a.sse8smenl, consullalioii dnd develoi)Ineiit of a New Five-year SITalegiL Pliin and Busine.58 Plan lo lun alongside senior m<lnagreinenl Ic nd b(Icird iraining witli develnpment progi'ammes de.%igned to SllPPQTt 0111- Lirganisl¢ tions sustainaliility, I'esilienLe aiicl gr(Iwlh iii the time ahead. Thi8 proce8S together with oiir work with a widc rangc of stratCEiC 811ltiilory clnd coiiiiiiunily partners to identify and iiiiplement a strategic growth plan that will bervice the futiire capit(il requirements of the delivery ()f Arts and Culturiil provision foi. the Ballyarnetl DEA in which we are bcisecl &iiid indeed the C()mTnunity Arts physical requiremei)ts of our city and l'egion offeriiig excitiiiLy opp()rtiiiiilies lo ensiire that wc progrcss with a scnse of optimism. excitement and confidciice in the forward iiionicntuiii ot. our organisational objectives. Page 2
Greater Shantallow Community Arts
Report of The Management Committee
Members Responsibilities In Relation To The Financial Statements
The members are i-eponsible For prepdiing the annual report and ilie financial statements in accordance witli
the applicable law 21 nd United Kiiigdom Generally Accepted Accouiiting Practice.
The law applicable to chiirities in Northei-n Ireliind require8 the members to prepare financial slatements that
give a true iU]d f¢iir view of the slate of affiiif8 of the charity at the end of the findiicial year and of it.s surplus
oi- defiLiL in ihe finanLial ye<ir. In doing so the ineinbers are required to:
select suit¢ible accounting policies )d apply them ¢oiisistently'
observe the methods <ind principles in the Charities SORP 2019 (FRS 102);
Inake jiidgeinents and estimates that are reasonable and prudent;
sldle wlieiher <ippliLable UK ALLouiiling SLiLndards have bccn followed, subject to any malerial deparLures
disclosed and explaiiied iii the financiiK I statements:
prepare the fiiidiiLial %Latemeiits on the going concerii basis uiiless it is inappropriate to presume that the
ch¢ll'ity will coiitinuc in busfftiicss.
Tlie members are respoiisible tor maintaining proper accounting records which disclose with reasonable
accur£l¢y (It any tiiiie the fiiidncial position of the ChltY and enables tliein to ensure that the financial
stilteinenLs coinply with the Charities Act (Northern Ireland) 2008. The members are also responsible for
Siifegyu
Greater Shantallow Community Arts Independent Examiner's report to the charity committee members of Greater Shantsllow Commiinity Arts We report on the accounts of the charity for the yeiir ended 31 March 2024, which are set oiit on pages 5 - 11 . Respective respoiisibilities of charity commlttee members and cxaininer A8 the chai'ity'.s members you are responsible for tlie preparation of Ilie aLcoiinL% in accordance willi Ihe Charities Act (Noriherii Ireland) 2008. It is our rcsponsibility to: examine (he accounts under Section 65 of the Charities Act. follow the procediiies l<lAd down in the general Direction8 given by the Coiwnission under Seclion 65(9) (b) of the Cliarities Act. slale whether purtieular matters have come to our attention. Basls of liidependent examiner's report We have examined yoiir charity accoiiiits as required linder Sectioii 65 ot tlie Ch1£rities Acl Iiiid our ex<iinination wa.% carricd out in 14 ccordance with thc gcncral Dircclions given by tlic Cli¢irity Coininis%ioiJ for Northern Treland under Section 65 (9)(b) of tlie Cliarities Act. Oiir examinatioii incliided a review of the accouiiting records kept by the charity nd a comparison ot the ccoiints presented with thoqe record8. It also incliided con8ider£ltion.8 of uny iiliiiSLidl iteins or di,sclo,sure.s in the accounls, and seeking explanation from you as Lharity Inembers concerning any suLh inattcrs. Oiir role is to .%tate whether aiiy milterial inatter5 have come to oiii. attentioii giviiig us cause to believe: l. That accounting records were not kept in accordance with Section 63 of the Charities ALt. 2. That the <lCCOLints do not (iccord wilh those 14 ccounling rccords. 3. Tlial Ihe dcL()unls do nc)l Lomply wiLh Ihe accounliiig requiremenls of ilie Ch4irilies Acl. 4. Tliat tliere is further Information needed for a proper understanding of the accounts to be reached. Indepeiident Examiner's Statement We C¢ln Lonlirm Ih¢il we are quali fied to underlake Ihe examinalion we are regyj.%lei'e(I member,5 ()r Chai-lered Accountclllts Irellljid which is one of the listed bodies. We hivc coinpletcd our exaiiiin¢ltion and have no coiiccrns iii respect of ihe m&qttei'.4 1 4 listed abovc nd, in connection with the following Direction8 of the Ch¢irity CoiThnission Northern Irelcind. we Iiave found no matter.s that reqliire drawing to your attention. McGroaity Mc Calfe & Compamy Limited Accountants and Tax Consultaiits 2 Carlisle Terrace Derry BT48 6JX Date: 24 June 2024 Page 4
Greater Shantallow Community Arts Statement of Fliianclal Actlvltles for the year elided 31 March 2024 Unrestrficted Funds Restrficted Funds 2024 2023 Income and Expenditure Incoming Resources Grants Received & Qtlier Iiicomc 4a,71Q 381.401 422.171 495.,486 Total Inconiiijg Resources 40,770 381,401 422,171 495,486 Resources Expeiided Maiiagement & Adminislratioii 69,863 510,454 580,317 514,837 Total Resources Expended 69,863 510.454 580,317 514,837 Net Incoiniiig l (Outgolng) Resources (29,093) (129,053) (158,146) (19,351) Bal<inces¥ broiight foi'ward l April 2023 65.462 323,393 388,855 408,206 36,369 194,340 230,709 388,855 B&l¢inccs carried forward 31 March 2024 9. 36,369 194,340 230.709 388,855 The above aiiiounts relate to continuing operations ot the group. The orgLl1118<ltion hcls no recogniscd gains and losses other than those included in the resiilts above and therefore no separate stateinent of total recognised gains and losses has been preseIited. There is no difference between tlie net incoming resources for the yedl. Stated above ilnd their historical cost equivalents. Page 5
Greater Shantallow Community Arts Balance sheet as at 31 March 2024 2024 2023 Notes Fixed assets Tangible assels 194.340 323,393 Current assets DebioiE Cash at b<iiik Lind in hand 35,470 8,954 32,436 78,093 44,424 110,529 Current liabilities Biink loans ancl overdrdfts. Other creditors Acciua15 2,726 3,297 2.032 4,994 40,073 8,055 45,067 Nel current assets 36,369 65,462 Total assets Eess current 230.709 388,855 Capital account Re.4lricted fund% Unre,stricted funds 194,340 36,369 323,393 6.5,462 230,709 388,855 l approve th&%e account.% and cOnfM that I have made available all ielevant record8 and iiiforination for their pi'ei)ai'atinn. Committee Cominittee Member Date: 24tli June 2024 Date: 24th June 2024 Page 6
Greater Shantallow Community Arts
Notes to the accounts
for the year ended 31 March 2024
Accounling policies
The priii¢ip¥il acLounting policies adopted in the preparation of the financial statements are set out
below.
1.1. ALLountiiig Loiivenlion
Tlie Financial Statements havc been prepared in accordance with Accountillg and Reportiiig by
Ch&riLies.' Stiilement of Recominended PraLtice applicable to charities Pparing their acLounts in
aLLoi'ddnce with Ilio Financial Reporting Standard iippEicable in Ihe UK and Republic of Ireland
Charities SORP 2019 (FRS 102) and ihe Chai'ities Act (Northei-n Ireland) 2008.
1.2. Incoming resourLes
All incoiiiing resources are included in the statemeiit of financial activities when the charity is entitled lo
the income Kind the dinounl can be quantified with reasonable accuracy. The follvwing specific policies
are <ipplied io particular cdlegories ()f income:
Voluiit¢li'y income is iEceived by way of graijts, donatioiis and gifts aiid is iiicliided in full in the
stalement of financial activities when receivable. GrntS where entitlement AS not conditional on the
delivei-y i)f a bpeLific pei-lorimance by the chiirity, are recognised when the charily beLoines
unLondiLi()nally enLiiled i() Ihe gi-anl.
DonalLd .%ervice,s (ind facilitie.s are included at the valuc to the charity where this can be quantified. The
valiie of &erviLes i)r()vide(I by v()luiil'eei's has nol been inL.ILicled.
Gifts don¥iLed for resule are inLluded as incoining iEsources within activities for generating funds when
they are sold.
1.3. Resources expeiided
Expenditure is iecogiiibed on ai) accrual basi5 (IS il li&bilKty is incurred. Expenditure includes any VAT
which C<innot be fully recovered, (iiid is J'epoi'ted as part of the expenditui'e to whicli it I'elates.
Chiirilable expenditure compri.4es thoiie Lobts inLurred by the cliarity in the delivery of its aLtivities and
serviLes foi. iLb' bei)efiLiaries. li inLlucles boLh casls Iliat Cdn be allocaled dii-eLIIy Lo such aclivities and
those costs of ¢1n iiidirecl iialure iiec¢ss¢lfy io bupport them.
1.4. Tangible fixed assets aiid depreciation
Taiigrible fixed asbels ui-e stated al cost less depi'¢ciatAon.
Deprecialion is PI'OViLled
Greater Shantallow Community Arts Notes to the accoiiiits for the year ended 31 March 2024 Income Year Ended 2024 Year Ended 2023 Restrlcted Income Dep¢irtsneiit for Communilies Dcrry Ciiy and SLrabane Districl Coiincil Bogside & Brandywell Health Fornm Tlie Execiitive Office Community Foundation Nl H21lifax Cl¢¢li- Proj¢Li granl Gredler Shant¢illow Area Partnership Ail.$ Council of Northern Ireland Ediicalion Authority The N11 tiOllc11 Lotiery Awards tor All The N<2tional Lottery Dorm¢int ALcounts Fiitiire Screens NI Deparlmenl for Ju.%lice WHSCT 15,463 26.065 9.535 37,342 2,000 94.094 59,759 5,000 ),()00 5,332 191,140 155,272 82,865 10,000 15,000 21.919 8,000 2,116 8,000 20,977 8,000 381,401 475,111 UnrestriLted InLome Doniltion% 40.770 2Q.375 40.770 20.375 Total Income 422.171 495.486 11) Restrlcted Funds FLinds rcceivcd which ¢1re e¢1rmarkcd by the Flinder foi- specific purposcs. Such piirpo.scs arc witliiii the overall aims of the organi.%ation. Unrestricted Funds Funds which arc cxpcndable at the discretion of the comp16 ny in furthcr<ince of the aims of Lhc chririty. In addition fund8 may be held in order to fillce capital investment and working capital. Page 8
Greater Shantallow Community Arts Notes to the accounts ror the year ended 31 March 2024 Resources Expended Year Ended Total 2024 Year Ended Total 2023 Unrestricted Funds Restricted Fuiids Management & Administration W¢igo8 & salariGS Peijsioii costs Pri)grainme & tLltor co.sts Ilent, rates & water Insiii'anLe Light & licat Repdirs & mdin(eiiance Po%t(Ige, stationery & adverlising Telephone, fax & iiiteimet Pi'ofe%sional fees Accoiint£lllCy Bank Lh¢li"ges Bank iiiLci'c%t Sundry expenses Depreciiilion 164,977 9,268 90.169 56.231 3,898 22,335 16,680 4,199 3,191 9,000 1.260 164,977 9,268 159,899 56,231 3.898 22,335 16,680 4,199 3,191 9,000 1,260 133 167,030 9,499 195,129 49,234 3,637 34,325 19,557 13,421 4,557 69.730 1.272 378 133 193 129,053 193 129,053 235 16,563 69,863 510,454 580.317 514,837 Nct (outgoiiig)lincoming resources for the Period Year Ended 2024 Ycllr Ended 2023 Net (outgoing)lincoining resources is stated after charging.. Deprecidlioii aiid oilier amoiints wi'itten off tangible fixed assets Accciuntancy fees 129,053 1,260 16,563 1,272 Page 9
Greater Shantallow Commlliiity Arts Notes to the accounts for the year ended 31 March 2024 Staff note The aver¢1ge number of persons eniployed by the company diiring the year amounted to 7 (2023 - 8). The aggregate P<iyroll costs inciirred diiring the year were., 2021 2020 Wages and salaries Pension contribution8 164,977 167,030 9,499 174,245 176,529 Taxation As a charity, Greater Shaiit¥111ow Coinmunity Arts is exeinpt from tiix on iiicome und gdiiis flilliiig within section 505 of tlie Taxes Act 1988 or s256 of the Taxcltion of Chargeable Guins Act 1992 to the extent that these are applicd to its chargeuble objeLts. Accordingly. nn tax charge.s have ¢li'i,8eii in the charily. Tangible asset Renovations Equipment Tntal Cost Ai i Api'il 2023 312,575 85,047 397,622 At 31 March 2024 312.575 85.047 897.622 Depreciation Al l Api-il 2023 Charge for the year 74,229 4,915 74,229 12C).053 124,138 At 31 Marcli 2024 124,138 79,144 203,282 Nel book values At 31 Marcli 2024 188,437 5,903 194.340 At 31 March 2023 312,575 10.818 323,393 Debtors 2n24 2023 Grants Due 35,470 Page 10
Greater Shantallow Community Arts Notes to the accounts for the year ended 31 March 2024 Current liabilities 2024 2023 L021ns and overdi-afts Tax¢b and social securily costs Accruals & deferred income 2,726 3,297 2,032 4,994 40,073 8,055 45,067 Moveinents in Funds At l April 2023 At 31 March 2024 Incomiiig resourL'es Oulgoiiig resources RestriLted fundèi TolLiI rcsLI'ictcd funds Unrestricted funds: Tot(Il uilrestricled funds 323.393 381.401 (510,454) 194,340 65,462 40,770 (69,863) 36,369 ToLal luiids 388,855 422,171 (580,317) 230,709 Purposes of RestriLted Funds Re.stricted granls awarded to the chai'ity ts provided to cover the core objects ¢lS explaiiied in directors report. 10. Controlliiig iiiterest Uliiin¢ilc conLrol of the charity lies wilh Ihe commictee members. 11. Related Party Transactions There were no related party Iransactioiis iii year linder review. Page 11