Green Shoot Productions {A company Ilmlt•d by guarantee, not havlnu a $harg caplta Annual Report and Unaudited Flnancial Statements for the flnancial year ended 31 March 2024 Quarter Chartered Accountants stAnne's House 15 Church Street Cathodral Quarter Belfast BT1 1PG Company Number: N1043244 Charlty Number: NIC 105841
Green Shoot Productions IA company Ilmlted by guarantee, not having 8 share capital) CONTENTS Paga Reference and Administrative Information Trustees, Annual Report Statement of Trustees, Responsibilities Independent Examiners Report Statement of Financial Activities Balance Sheet 10 Notes to the Financial Statements Supplementary Information relating to the Financial Statements 17
Green Shoot Productions (A company Ilmltèd by guarantsè, not havlng a capltall REFERENCE AND ADMINISTRATIVE INFORMATION Trustees William Barr Martin William MeBumey Catherine Mccullougwayat Kathryn Bgird Charlty Numbèr In Northom Ireland NIC 106841 Company Reo18tratlon Numbor N1043244 Regl8tsred Offic9 and Prlnclpal Addre89 Northem Whig Building Uni12 Bridge Stroet Belfast BT11LU Independent Examlnor Quart8r Chartered Accountants st Ann8's Hous 15 Church Street Cathedral Quarter Belfast BT11PG
Green Shoot Productions IA company limlted by guarant, not having a Share ¢apltall TRUSTEES, ANNUAL REPORT for the financial year ended 31 March 2024 The trustees present their Trustees, Annual Report, combining the Directors, Report and Trustees, Report. and the unaudited financial statements for the financial year ended 31 March 2024. The financial statements are prepared in accordance with the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Chanties.. statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102). The Trustees, Report contains the information required to be provided in the Trustees, Annual Report under the Statement of Recommended Practice ISORPI guidelines. The trustees of the company are also charity trustees for the purpose of charity law and under the company's constitution are known as members of the board of trustees. In this report the trustees of Green Shoot Productions present a summary of its purpose, governance, activities, achievements and finances for the financial year 31 March 2024. The company is a registered charity and hen the report and results are presented in a form which complies with the requirements of the Companies Act 2006 and, although not obliged to comply with the Statement of Recommended Practice Icharities SORP effective January 20151. the organisation has implemented its recommendations where relevant in these financial statements. Mlsslon, Objoctlves and Strategy Obj•ctlves Vision A Northern Iland where theatre is plad in the heart of communities anLI where working class and marginalised vol$ are heard on all stages. Mission GSP is dedicated lo commissioning and producing new writing for the stage, lo the highest possible standards. The company is committed to developing and presenting plays that contain strong social, political and cultural themes, making theatre that is relevant to the population of N.1. GSP seeks to promote working class and other marginalised voices that are under-represented within theatre. We constantly strive to allract new audiences and participants. Community engagement fomis the foundation of all aspects of the company's approach and activity. Green Shoot Productions core values are.. Excellence we aim for the highest quality of work in everything we do. from professional production to community engagement. Inclusion we aim to ensure working class and marginalsied voices are brought to the fore., are heard. underslood and respected by all. Equality - our employment and artistic work treats all with dignity and fairness. Partnership we actively seek partners to develop our programmes, embrace new skills, and reach new audiences and participants. Structure. Governan¢e and Management Structure Governing document.. Green Shoot Productions is a company Limited by Guarantee not having a share capital, incorporated in 8th May 2002 and gistered as a charity with Charity Commission Nl in November 2016. Appointrllenl of the Board of Director5'. There are currently 4 directors of the company, appointed annually at the AGM. Board Induction and Training.. New members undergo induction and orientation being briefed on legal obligation5 under charity and company law. From b'me to time, the Board undertakes further management training. Organisalional Operations.. The Board of GSP administer the charity. The board delegate programming to Martin Lynch as Artistic Director, as the most Senior officer. Related parties and co-operation with other organisations.. None of the Directors received remuneration or other benefits from their work with the Charity. Any conflict of interest in relation to any contractual agreements musl be disclosed. No conflicts of interest arose have been reported in the current year. Reference and administration details.. thee name of the Charity is Green Shoot Productions. It is a limited by
Green Shoot Productions A company Ilmltod by guarant99, not havlng a sham capltal) TRUSTEES. ANNUAL REPORT for the financial year 8nded 31 March 2024 Guarantee nol having a share capital. Th8 Company was Incorporated In 8th May 2002 and r8g18terèd as a charfty wlth Charity Commission Nl on the 16th November2016. (Chartty Number. NIC105841} Directors.. The company is limlted by guarantee and th&rnfore there was no dlrector8 interest in Share capital. Revlew of Actlvhl68, Achlgvemonts and Perfornianc Programming 2023- 2024 w88 8nother packed yèar for thg Company. Thls year Is the last year of our Company Residency in thé Tiger's Bay, York Rd, Shore Rd. area. During this perlod we completed a numb6r of projects including,, g video featuring the lives of tha older men and women attached to The HUBB Activity Centr8. Shore Rd., a 5-mlnute promotlonal vtdeo encapsulating our work during th8 Residency, recrulled the cast rnembers and ttreativa t@am for our large-scale Community Play, PRIDE OF THE SHORE (POTS) by Gary Mllchgll, began Ihe pr&production work for POTS, began the preparatory woth on n8w Cultural Heroes mural for Nlh. Queen St. etc. W6 prLKIuc8d a naw play THE MAN WHO SwALLoD A DICTIONARY by Rob&rt Niblock for production at the Lyric Theatr8 and on tour. We revived our prLKluction of IN THE NAME OF THE SON by Martin Lynch & Richard O'R8 for 6 performances at the Auckland Arts festival, New Z8aland. We made our initial contacts and discussions wlth community leaders in the New Lodg8 ar8a in pr8paration for our next Green Shoot Residency in N8w Lodge (Sept 2024- August, 2026). Flnanclal Rwlèw Gre8n Shoot receiv6d fundlng from CRC, Dept. Of Foreign Affair8, Communty Lottery. British Enkalon, The AE Harvey Trust and Ulstsr Gardèn Villages. We have appli@d for furth8r funding from TBUC Stormont and DFA for next year's programming. Whilst we have a relatively small deficit for th6 year. the Companys financial situation is relatively robust, given the ongolng uncertainty ofarts funding. We ar8 confident wé will raise the nesSary funds for the 2024- 2025 perlod. Financial R&sults At the and of the financial year the company has assets of £91,08212023 - £95,299) arKI Ilabilities of £15,225 (2023 - £23,567). The net assets of th& company have Increased by £4,125. Prln¢lpal Risks and Uncertalntlos The Board continuously reviews risks to whlth the Cornpany is exposed, in particu18r tho88 relating to operations and finan¢e ol the Company and are 8atisfi@d that good financlal pra1 is in place and syst8ms are In pla to mtttgate the exposure to major risk. The company romaln artist led and whilst our Artistic Director works on a voluntary basis, we have had the luxury of 2 full-time employeès - Project Officer, Nikki Turner and Mary Bailie. Administralor and a part-tlme Communily Engag6ment Officer, Aaron Cathcart. its production model has developed to include CprodUCtion and parti¢ipalory approaches ensuring r816vance to local Communit$. Project plans are in place for thè last year of our Tiger's Bay residency. In addition the company wlll put plans in pla for the production of th6 two new commissions for the financial years of 2024 - 2026. The Company 11 continue to enable participatory professional theatre, and theatre whlch engages localis8d community audiences as well as exlsting theatre going audiences. A Strategy doujmenl is in place and has been upgraded to take us up to 2026.
Green Shoot Productions IA company Ilmited by guarantee, not havlng a share ¢apltall TRUSTEES, ANNUAL REPORT for the financial year ended 31 Mar¢h 2024 Trustees The trustees who served throughout the financial year. except as noted, were as follows.. William Barr Martin William McBurney Catherine M¢Cullough-Jayal Kathryn Baird In accordan with the Articles of AssaatIOn, the directors retire by rotation and, being eligible. offer themselves for re-election. Compliance with Sector-wide Legislation and Standards The company engages pro-actively with legislatlDn, standards and codes which are developed for the sector. Green Shoot Productions subscribes to and is compliant with the following.. The Companies Act 2006 The Charities SORP (FRS 1021 Compliance with Se¢tor-Wide Loglslation and Standards The company engages pro-actively with legislation. standards and codes which are developed for the sector. Green Shoot Productions subscribes to and is compliant with the following.. The Companies Act 2006 The Charities SORP IFRS 102) Reservo$ The trustees have developed and adopted a reserves policy that seeks to increase the unrestricted income reserve fund equivalent to six months of annual reporting costs. GSP current policy is lo hold 100/0 of nel earned income to increase the unrestricted income reserve to Ihis level. The reseNes are restricted and to be used with board approval. The trustee recognise that financial performance will fluctuate beeen surpluses and deficits but the medium tem strategy is to see an overall trend of reserves growth and increasing financi21 stability. Approved by the Board of Trustees on 25 June 2024 and slgned on its behalf by: Martin William Mc8urney Director
Green Shoot Productions IA cornpany Ilmlt&d by guarantèè, not havlng a share capltal} STATEMENT OF TRUSTEES, RESPONSIBILITIES for the financlal yèar ended 31 March 2024 Th8 trusleas. who are also dlractors of Green Shoot Productions for the purFQ59S of MpanY law, are responsible for preparing th8 financlal statemgnts In accordance th appli09ble law and r8gulations. Company law reqUIS the tNst8ès as the dlrectors to prepare finoncial 81alem8nts for each financial ygar. Under that law the trustees have 8lected to ptspare the financi81 statements in accordance with Unlted Kingdom G&nerally ACpted Accounting Fraclice Iunited Kingdom Accounting Standards and applicable lawl includlng FRS 102 Yhè Financial Reporting Standard applicable in thè UK and Republic of Ireland" Section 1A (Small Entities). Und@r company law the trustees must nol approve th@ financial statements unless they are satisfied that they giv@ a trua and fair vlew of the state of affairs of the company and of thé surplus or deficlt Df the company for that period. In preparing thes8 financlal statements. the trustee8 are requir8d to: s818Ct 8Ult8ble accounllng pollcies and appty them consistenlly- make judgem8nts and estimat88 that are reasonable and prudent., slate whether the financial stalem8nts have been prepared in accordance with the relevant flnancial reportlng framework, identify those Btandards, and nota the effect and the reasons for any material departutB from those standards., and prepare the flnancial statements on the going concern basis unless It Is inappropriate to prèsume that the company will contlnue in operation. Tha trustaès confirm that they havo complied with the abtsvè requiremants in preparing the financial statements. Th8 tru8tee8 are r&sponslble for keeping adequate accounting rgcords that ar8 SLrffld6nt to show and oxplain the comp8nWs transactions and disclose with reasonable accuracy at any time the financial posltion of the company and enablo th8m to ensure that the flnancial statements comply with. Th8y are also responslb16 for safeguardlng the assets of the company and hence for taklng reasonable stsps for the prevention and detection of fraud and other irregularilies. Approved by the Board of Tru9tses on 25 June 2024 and slgned on Its behalf by: Illla rnoy Dir9Ctor
Green Shoot Productions IA company limlted by guaranteg. not having a shar& capital) INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF GREEN SHOOT PRODUCTIONS We have examined the financial statements of the company for the financial year ended 31 March 2024, which comprise the Statement of Financial Activities (incorporating an Income and Expenditure Account}, the Balance Sheet and the related notes. This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our work has been undertaken 50 that we might compile the financial statements that we have been enoaged to compile, report lo the Board of Trustees that we have done so, and state those matters that we have agreed to stale to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume SpOnsIbl11ty to anyone other than the company and the company's members, as a body. for our work, or for this report. Respective responsibilitios of trustees and examiner The company's trustees (who are also the directors of the company for the purposes of company lawl are responsible for the preparation of the financial statements in accordance with the requiiemenls of the Companies Act 2006. The company's trustees consider that an audit is not required for this financial year under Chapter 3 of Part 16 of the Companies Act 2006 and that an independent examination is required. It is our responsibility to.. examine the financial statements under seclion 65 of the Charities Act., follow the ProdureS laid down by the general Directions given by the Charity Commission for Northern Ireland under section 6519llbl of the Charities Act, and state whether particular matters have come to our attention. Basis of independent examiner's report We have examined your company financial statements as required under section 65 of the Charities Act and our examination was carried out in accordan with the general Directions given by the Charity Commission for Northem Ireland under section 6519}(b} of the Charities Act. An examination includes a vieW of the accounting records kept by the company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the ev1dern that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair, view and the report is limited to those matters set out in the statement below. In connection with our examination, no matter has come to our attention which gives us cause to believe that in, any material respect.. accounting records were not kept in accordan with section 386 of the Companies Act 2006 the financial statements do not accord with those accounting records the financial statèments have not been prepared in accordance with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles ol the Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS102) there is fLJrther information needed for a proper understanding of the accounts to be reached. Independent examlnerfs statoment We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. QUARTER Chartered Accountants St Anne's House 15 Church Street Cathedral Quarter Belfast BT1 1PG Date.. 25 June 2024
Green Shoot Productions {A company limited by guarantee, 0t havlng a sha capltall STATEMENT OF FINANCIAL ACTIVITIES Oncorporating an In¢omg and Expendl£ure Account) for the financial y&ar 6nded 31 March 2024 Unr08trletèd Reslrlcted Funds Funds 2024 2024 Total Unrestricted Re8tricted Funds Funds Fund3 2024 2023 2023 Total Funds 2023 Note8 Incomlng Resourceg Charitable acliviti&s Grants from govemmenls and other co-fundera Other income 98,310 121,542 219,852 40.364 179,g83 220,327 898 Total incoming rg8ource8 99,208 121,542 220.750 40,364 179,963 220.327 Re$ourGes Expended Charttable actlvilies 82,321 134,304 216.626 41,334 117,675 159,009 Net Incomlngloutgolng re80urces before transfers 46,887 (12,762) 4,125 {970) 82,288 61,318 Gross transfers betwe6n funds Net movement in fund5 for the flnanclal year 16,887 (12,762) 4,125 (970) 62,288 e1,318 Roconclllatlon of funds: Total fund8 beginnlng of the y8ar 13 6,944 84,788 71,732 7,914 2,500 10,414 Total funds at Ihe end of the year 23,831 52,026 75,867 6,944 64,788 71.732 The Statement of Financial Activities includes all gains and Ioss8s recognlsed in the financial year. All InMe and expendlbjre rolale to continuing activities. Tho note8 Dn pages 1110 15 form part of the financial statements
Green Shoot Productions {A company Ilmited by guarantee, not having a Share capltall Company Number.. N1043244 BALANCE SHEET as at 31 March 2024 2024 2023 Notes Fixed Assets Tangible assets 677 998 Current Assets Debtors Cash al bank and in hand 10 7,327 83,078 37,301 57,000 90,405 94,301 Creditors: Amounts falling due within one year 11 115,225) {23,567) Net Current As$ets 75.180 70,734 Total Assets less Current Llabilities 75,857 71,732 Funds Restricted trust funds General fund lunrestrictedl 52,026 23,831 64.788 Total funds 13 75,857 71,732 These financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006. For the financial year ended 31 March 2024 the company was entitled lo exemption from audit under section 477 of the Companies Act 2006.. and no notice has been deposited under section 476. The trustees confirm that the members have not required the company lo obtain an audit of its financial statements for the financial year in question in accordan with section 476 of the Companies Act 20(b. The trustees acknowledge their responsibilities for ensuring that the company keeps accounting COrdS which comply with section 386 and for preparing financial slalements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of ils profit and loss for the financial year in accordan with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements. so far as applicable to the company. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime and in accordarn with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland applying Section 1A of that Standard. oard of Trustees and authorised for issue on 25 June 2024 and slgned on its behalf by Approved by the Martin William M¢Burney Director The notes on pages 1110 15 form part of the financi81 slalemenls 10
Gre8n Shoot Productlons {A cornpany limitèd by guarantoo, not havlng a Share capltal) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 GENERAL INFORMATION Green Shoot Productions is a company limited by guarnnte6 incorporat&d in Northern lrnland. The registered office of tha company 18 Northem Vvhig Building, Unil 2, Bridge Slr8et, Belfast BT1 1 LU which Is also the principal pla08 of business of the company The financial 8talements have been presented in PouThJ 1£) whlch 13 also the functional currency of the cornpany. SUMP4lARY OF SIGNIFICANT ACCOUNTING POUCIES Th8 following accounting policies have been appllgd conslst&ntly In deallng wlth items which are considered material in relatitsn to tha charity's financial statements. Ba818 of proparatlon The financial stalements have been prepared on the going conc8m basis und8r th@ historical cost convention, modified to include certain items at fair value. The finan(ial statements have been prepared in accord8nce with the Statement of Recommended Practice {SORPI "Accounting and Reporting by Charities preparing Ih8ir accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of that Standard. As mItted by thè Companlès Act 20(, the company has varied the standard formats in that act for the stalem8nt of Financial Activities and th6 Balance Shaet Dapartures from the standard formats are to comply with th8 requirem8nts of th8 Charitie8 SORP and are in complianc@ with section 4.7. 10.6 and 15.2 of that SORP. statement of compliance The financial statements of the company for the financial year ended 31 March 2024 have been prepared on the going concern basis and in ardance with the Slalement of Recommended Praclice ISORPI 'AoUntIng and Reporting by Charities preparing their accounts in accordan¢e with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102 applylng Sectlon 1A of that standard. Incomlng Re80urces Volunt8ry incom8 or capital 18 included in the Statement of Financial Activili8s when the company ts legally etrtitled lo il, its financial value can be quantified reasonable certainty and th8r& is sOnable certainty of its ullimaie reipl. Entiuement to legacies is consided 8slabli5hed when the Cotllpany has baen notified of a di8tiibulion to be made by the executors. Income re]Ved in advance of due performance under a contract 18 aUnt0d for as deforred income until eamed. Grants for activities are reccwJni8ed as incorlle when the related condltlons for legal entitlement have beon mel. All other inwmo is accounbd for on an accruals basis. Income from Charftable actlvllles Income from charitsble aclivilies include income earned from the supply of servlces under contractual arrangements and from performanc8 related grants which have conditions that specify the provlslon of pathular saNices to be provlded by thé company. Income from government and other C0-funde Is racognL8ed whon the company is legally èntitled to th& income because It Is fulfilling the conditions contained in the related thnding agreements. Where a grant is r6C8ived in advance, its r@wnition Is dèferred and included in creditors. Wher8 entitlement occurs before income is received, it is accrued In debtors. Grants from govemments and other ry>funders typically include one of the following typ8s of conditions: Perfomiance based condilions.. whereby the company 18 contra¢tualty entitled to funding only to the extent thal the core objectives of the grant agreement aro achievod. Where the company 18 meeting the core objectives of a grant agreement, It recognlses the related oxponditurg, to tho extent that it is reimbursable by the donor, as income. -Time based conditions: whereby the company is contractually entitled to fundlro on the condition that it is utilised in a particular peiiod. In these cases the company recogni8es the income to the extent il is ulili5ed within Iha pèriod specifiéd In the agrèèment In th6 absencè of such conditlons, assumlng thal reGeipt is probable and the amount can be reliably mèasured, grant income is r&Cnised oncg the company is nolfiwj of èntitlam&nt. Grants received towards capital exp@ndilurn ar8 cr6dlted to th& Statement of Flnanclal Activitie5 when rec6ived or receivable, whichever is eat1i8r. 11
continued Green Shoot Productions IA company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 Tangible fixed assets and depre¢iation Tangible fixed assets are slated at cost or al valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows.. Fixtures, fittings and equipment 254/0 Reducing Balan Debtors Debtor5 are recognised at the settlement amount due after any discount offered. Prepayments are valued at the arnount prepaid net of any trade discounts due Income recognised by the company from govemment agencies and other co-funder5. but not yet reiVed al year end, is included in debtors. Cash at bank and in hand Cash at bank and in hand comprises cash on deposit al banks requiring less than three months notice of withdrawal. Taxation and deferred taxation No current or deferred taxation arises as the company has been granted charitable exemption. Irrecoverable valued added tax is expensed as incurred. Deferred lax is recognised in respect of all timing differences that have originated but not reversed at the balan sheet dale where transactions or events have occurred al that date that will result in an obligation to pay more tax in the fulure, or a right to pay less tax in the future. Timing differences are temporary differen$ b6tween the company's taxable income and its results as slated in the financial statements. Deferred tax is measured on an undiscounted basis at the lax rates that are anticipated to apply in the periods in which the liming differences are expected lo reverse. based on tax rates and laws that have been enacted or subslanlively enacted by the balance sheet date. INCOME CHARITABLE ACTIVITIES Unrestrtcted Restricted Funds Funds 2024 2023 Grants from governments and other co-funders: Theatre Production 98,310 121,542 219,852 220,327 OTHER INCOME Unrestricted Restricted Funds Funds 2024 2023 Other Incoming Resources 898 898 EXPENDITURE CHARITABLE ACTIVITIES Direct Costs Other Costs Support Costs 2024 2023 Theatre Production Costs 147.580 321 68,724 216,625 159,009 SUPPORT COSTS Charitable A¢tlvities 2024 2023 Central Premises Costs Salaries & Wages General office Professional fees 4,440 56,253 2,786 5,245 4.440 56.253 2.786 5,245 505 45,064 3,918 3,878 68,724 68,724 53,365 12
contlnued Green Shoot Productions IA ¢ompany Ilmltod by gwarante&. not havlng a Share capital} NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 ANALYSIS OF SUPPORT COSTS 2024 2023 Central Premises Costs Salaries & Wagès General office Profe88ional fee8 4,440 56,253 2,788 5,246 505 45,064 3,918 3,878 68,724 53.365 NET INCOMING RESOURCES 2024 2023 Not Inoomlng R980urc•s ar• statad aftèr charglngllcredltlng). Depreciation of tangible assets 321 333 INVESTMENT AND OTHER INCOPIiE 2024 2023 Bank Interest 89B EMPLOYEES AND REMUNERATION Number of employ008 Th8 average numb8r of peon8 employed (including axecutlve trusteès) during the financlal year was as folEows: 2024 Number 2023 Number Administration Th8 staff costs comprise.. 2024 2023 Wages and salaries Social s8curity ¢0s1s Pension costs 54,912 40,672 3,558 834 1,273 56,253 45,084 13
continued Green Shoot Productions IA company 1Smlted by guaranteè, not havlng a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 TANGIBLE FIXED ASSETS Flxtures, fittings and equipmont Totsl Cost At 31 March 2024 7.249 7,249 Depreclation At 1 April 2023 Charge for the financial year 6.251 321 6,251 321 At 31 March 2024 6,572 6,572 Net book value At 31 March 2024 677 677 At 31 March 2023 998 998 10. DEBTORS 2024 2023 Trade debtors 7,327 37,301 11. CREDITORS Amounts falllng due within one year 2024 2023 Trade creditors other creditors Accruals and deferred income 12,810 315 2,100 9,491 11,976 2,100 15.225 23,567 12. RESERVES 2024 2023 At the beginning of the year Surplus for the financial year 71,732 4,125 10,414 61,318 At the end of the year 75,857 71,732 13. FUNDS 13.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Restricted Funds Funds Total Funds Al 1 April 2022 Movement during the financial year 7,914 {970} 2.500 62,288 10,414 61,318 At 31 March 2023 Movement during the financial year 6,944 16,887 64.788 112,7621 71,732 4,125 Al 31 March 2024 23,831 52,026 75.857 14
ontinued Green Shoot Productions {A company Ilmlted by guarantee, not havlnu a 8har& capltall NOTES TO THE FINANCIAL STATEMENTS for the financial y6ar ended 31 March 2024 13.2 ANALYSIS OF MOVEMENTS ON FUNDS Balancè 1 Aprll 2023 Incomo Expondlturo Transfors bètween fund8 Balance 31 March 2024 Re8tr1cted funds Arts Councll Belfast City Council Other Funds Department of Foralgn Affairs- Reconciliation Fur Future Scwns Ulster Garden Villag8S TBUC 22,740 11,179 22,740 11,179 24,592 27,867 44,562 33,207 19,970 26,848 21,508 1,567 628 7,168 21,273 22,500 17.632 23,126 7,168 5,208 64,788 121,542 134,304 52,02S Unrestrlctsd funds Unr8Strict8d Funds 99,208 82,321 23,831 Total funds 71,732 220,750 216,625 75,857 13.3 ANALYSIS OF NET ASS8 BY FUND Fixed assgts - charity use CuTh8nt a589ts Curr8nl liabiliti88 Total Restiicted twst funds 29,526 29,526 Unrestricted gen8ral fund8 677 60,879 (15,225) 4e,331 677 90,405 (16,225) 75,857 14. STATUS The company Is Ilmlted by guamnteo not having a share capllal. The liablllty of thè members is limited. Evary mamber of tha company undertakes to contrtbute to the assets of the company in the event of ils being wound up while they are memb@rs. or wlthln onè year thereafter, for the payment of the debts and liabililies of the company contracted beforB they ceased lo b& members, and the costs, charges and expenses of winding up, and for the adjustrnent of th8 rights of the contiibulors among themselves, such amount as may be required, not exceeding £ 1.
GREEN SHOOT PRODUCTIONS IA company Ilmlted by guarantee, not having a share capltall SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024 16
Green Shoot Productions {A company Ilmlt&d by guarant80, not havlng a share cawtall SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS OperatirvJ Statement for the financial year ended 31 March 2024 2024 2023 Income Box Office Inwme Arts Councll Department of Culture, Heritage & the Gaeltacht Belfast City Council CRC AE Harvey Charity Trust Dèpartment of Foreign Affairs- Recondlialion Fund Community Fund AUklar Festival Trust Future Screens Ulster Gard9ns Village8 TBUC 98,310 40,384 30,000 8,439 18,285 7,493 3,0(NJ 33,207 16,970 8,660 21,273 22,500 33,154 21,919 22,500 54,105 21 P,852 220,327 C08t of gonoratlng funds Oir8Ct costs Adv8rfasing Perfomiers Fe8S Insurance Travel and Subsisten Royalty paid 114,071 10,509 64,611 8,294 24,045 1,138 871 1,334 1,854 12,597 8.299 147.330 I,293 Gross surplus 7222 120,034 Expen895 Wages and salarie5 Social secuiity cos18 Stsff defined Contribution pension costs staff training Rent payable Light and heat Printing, postag@ and statlonery Tel8phone Computer co8ts Legal and profassional Accountancy Bank charges Credit card tharges General expenses Subscriptions Depreclation 64.912 68 1,273 250 3,600 840 472 470 1,248 40,672 3,558 834 5,889 505 1,442 583 686 432 3,446 93 5,245 160 103 184 149 321 243 333 69,295 58,716 Palls¢ellaneou3 Income Bank interest 898 Net surplus 4,125 61,318 The supplemeniary inft)rmation does not fomi part of tha financial Statements 17