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 Irel￿d
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 ti￿Stee￿ 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 Ch￿ltY and enables tliein to ensure that the financial
stilteinenLs coinply with the Charities Act (Northern Ireland) 2008. The members are also responsible for
Siifegyu<il'ding the LIS￿Sel.8 of ihe chdrily aiid lience for taking reasonable stsps for the prevenlion and deL¢Llion
ot. traud 1¢ 1)d other irregulrflriLiei>,
A rcsoliilion will be proposed at the Aniiiial General Meeting that McGroarty M¢Catferty & Company Ltd be
rc-iippointed as accountanls for the charity for the ensuing year.
By Order of tlie Mandgeinent
omini
tee:
Committee Member
Date: 24 June 2024
Committee Member
Date: 24 June 2024
Page 3

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 cOnf￿M 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 P￿paring 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. Gr￿ntS 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 <il rales calciilaLed lo write off the cost or valuation Icss residual value of eacli
asscl ovei- its expected iisefuffi life, a￿> follows..
Renovcltioiis
Eqiiipinent
Not dcprcciatcd
200k Straight Line
Page 7

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 fill￿ce 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