Company Registration No. N1067153 Charity No. NIC 108363 DUMBWORLD LTD COMPANY LIMITED BY GUARANTEE UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
DUmBRLD LTD (COMPANY LIMITED BY GUARANTEE) TABLE OF CONTENTS Page Company Information Directors. Report Independent Examinerfs Report Income ststement ststemenl of financi81 position Notes to the accounts Detailed profit and loss account 14
DUMBWORLD LTD (COMPANY LIMITED BY GUARANTEE) COMPANY INFORMATION Directors Ms Aimee Consiglia Conway (Resigned 15 Cklober2025) Mr Mark Glazier Mrsteven Hadley Mrmdan Geary Secretary Max Beer {Resigned 9 Dember 2024) John Mcllduff (Appointed 9 December 2024) Company Number N1067153 {Northem Ireland) Charity Number NIC 108363 HMRC Charity Number N101309 Registered Office Off ice 28 72 High Street Belfast Northem Ireland BT12BE Independent Examiners PGR Accountants Ltd The Office Dock Unit2 Channel Wharf 21 Cxd Channel Road Belfast BT3 9DE Banker Bank of Ireland 1 Oonegall Square South Belfast BT15LR
DUmBRLD LTD (COMPANY LIMITED BY GUARANTEE) DIRECTORS, REPORT The directr)rs presenttheirreportand accounts forthe yearended 31 March 2025. Directors The following directors held offi(* during the whole of the period.. Mr Mark Glazier Mr Stephen Hadley Ms Aimee Consiglia Conway {Resigned 15 (ktober 20251 MrAidan Geary Statement of directors. responsibilities The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations. Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounb"ng Standards and applicable lawl. Under company law the directors musl not approve the accounts unless they are satisfied thatthey give a true and f airview of the state of affairs of the company and of the profit or loss of Ihe company for that period. In preparing these aounts, the directors are required to.. - select suitable accountsng policies and then apply them consistently,. _ make judgements and estimates that are reasonable and prudent - prepare the accounts on Ihe going concern basis unless il is inappropriate to presume that the companywill continue in business. The directors are responsible for keeping adequate accounting records that are sufficient lo show and explain Ihe company's transactions and disclose with reasonable accuracy at any b'me the financial position of the company and enable them lo ensure thatthe auounts complywiththe CompaniesAct2006.They are also responsibleforsafeguardingthe assets of the company and hence for taking reasonable steps for the prevention and deteclion of fraud and other irregularities. Small company provisions This report has been prepared in ac(x)rdaniE with the special provisions relating to small companies within Part 15 of the Companies Act 2006. Objectives and Activities Our Vi$ion is to create extraordinary arts experiences of the highest quality. Our Mission is lo explore the interseclion of music. image and words with attsts and communities locally, nationally, and internationally. Our Values are: Innovative: We are experimenters, discoverers and inventors of new ways of telling new stories. World class.. We are ambibous and aspire to the highest standards in everything we do. Collaborativg: We work as a team with individuals, (x)mmunities. arts"sts, ftjnders, and others. Grounded: We find humour, passion & meaning in the ordinary, and strive lo make il extraordinary. Diverse= We are welcoming. indusive. and accessible. making workfor. and with. everyone in mind. lrnpactful: We use the power of art to encourage positive change for individuals, communits'es, and societies. Our Strategic Aims l Goals are.. Newwork: To develop new artistic work that excites and inspires audiences. Innovation: To explore the potential of new & emerging technologies to create and present new work. Performance & Touring: To develop arb"sticwork and neiworks for in-person and digital performance that can tour. earn revenue, and reach new audiences. Audience: To develop new aUdIenS for contemporary perfornian art. Partieipation- To provide opportunities for people tr) take part in arts activities of the highest qU81ity- Organisation- To govem and manage a dynamic. progressive organisation in line with best practice.
DUmBRLD LTD (COMPANY LIMITED BY GUARANTEE) Sustainabilty: To ensure thatDumbwodd strivesforfinanryal and environmentsl sustainability- In shaping OLJr activities ft)r the year, the Trustees have considered the Charity Commission's guidance regarding public benefit. Dumbworld's activities consist of three main areas of activity and ambition. Each have certain crossovers, and can be broadly broken down as follows.. (i) Engagement & Participation: We provide emerging musicians and composers with mentoring and invaluable h8nd-on experience that helps establish their reputations as professional artists working atthe highest level in dassical music. We combine highly skilled creatives with individuals who have litue or no perfomiance experience, and our artistic work is an invitabon for people of all ages, abilities. and backgrounds to use their own personal and emotional vor2bu18Ties and experien1$ in the creative process. (ill Original New Works We produce and co-produce original new work in partnership wilh leading arts organisations and creale powerful sonic and visual experiences. lili) Digital Technol¢)gy & Film We explore how new digital technologies can create new and innovative arts experiences. Achievements and Performance During the financialyear2024-2025. Dumbwodd produced 124 perfornianS and events attended bya known audience of 7,000 and delivered over 4,000 hours of engagement and parlicipation activity. This included workshops, training and co-creation projects with communities and artists across Northern Ireland, the Republic of Ireland and internationally. Highlights included the developmentof a new musical theatre ple, Where We Burythe Bones, for Kilkenny Arts Festival, exploring skateboarding, youih culture, and the use of public space., and a new international collaboration with 1eaming4lsabd adultmusicians in &lansk as partof the Brib"sh Council UKIPoland Season 2025. The continuation of the Nl Film Scoring School. delivered in partnership with Ulster University and Regional Cultural Centre, which provides intensive training for emerging composers working across film, TV, and games, while Ménagez-vous: Spare Yourself, a new eleclroacousticopera by Jane Deasy. continued developmentwi future production planned. In partnership with Irish Nab"onal Opera, Dum bworfd presented a live work-in-progress of It's Al Going the Same Way, a multimedia opera combining live performan and video game elements. How We Stand. How We Breathe (Togetherness), co-produced with the Ulster Orchestra, broughttogether choirs, community gn)ups. 2nd individuals from across Northem Ireland for recorded performances in March 2025. Other projects induded A New Estate. a digital arts collaboration with young men in Belfast- continued intemational touring of The Scorched Earth Trilogy and A NewTopography of Love,. and fUrtherpresentatiC of A Children's Guide to Anarchy* which tr)ured to Scotland, Belfast, and Istsnbul. In eady development is Alrnirante Negro, a new Ix)-produclion with Theatro Municipal de Sao Paulo exploring the life and legacy of Joao Candido Felisberto, with presentab.on planned for Brazil and the UK. Across all activities, Dumbworld continued to expand its reach, deepen arbstic patherships, and create innovative, socially engaged work connecbng communities through music, digitsl art and performance. Financial Review The results forthe year are setoul on page 7. Total income forthe yearwas £255.124. ofwhich 95% wasfrom contracts forcharitable activities and 5010 from other trading activities. Total expenditure for the year was £247.059, of which 100.kn was expended on direct charitable activities. The balance on lolal fjJnds atthe yearend was £123.554 of which £106,915 was unrestricted and £16,639 was restiicted.
DUmBRLD LTD (COMPANY LIMITED BY GUARANTEE) Going Concern Having reviewed the Charity's forecasts. the trustees have a reasonable expeclation thatthe Charity has adequate resources to continue in operational existence for the foreseeable fijture. The principal factors underlying this judgement include- Currentlevels Offinanal perforniance bycomparison with budgeted expectations. Expected revenue from the Charity's business planning. Continuing supportfrom the Arts Council ofNorthem Ireland. Accordingly, the Charity continues to adopt the going concem basis of accounting in preparing the annual financial statements. Reserves Policy Dumbworld aims to maintain reseNes in unrestricted fvnds at a level equivalent lo approximately six months of core operating costs. These reserves are a contingency which aim to.. Proteclthe futu operation ofDumbworld from the effects ofany unforeseen variations in income and expenditure. Provide cash flow forgrants and contracts thatare paid in arrears. Facilitate an orderly winding-down of operations in the eventof a significant adverse event that is outside the control of Dumbworfd. Should the minimum of six months unrestricted reserves be reached, then the charity will estsblish a separate unrestricted reserve for fvknre arbstic development activib'es which advan the charities objectives. The resetves policy and the levelsof reserves required are reviewed yearfy as part of the annual budgetary process. Plans for the Future Dumbworfd will continue to develop and grow creats've partnerships, programmes, and projects, while also devising new, innovative initiatives that explore Ihe intersection of music, image, and words. Fulure plans are to establish co-producing partnerships thatenable larger. more ambitious projects. with longer lead in times to be realised, while also remaining committed to delivering engagemtprOJects which democratise arts provision arKI which can impact with people and communities at a local level. We will continue to use arts processes as a tool to explore complex issues such as climate change, polib'callsocial governan and muttjal aid...in ways which are quirky, innovative and fun. Signed on behalf of the board of directors. Mr Mark Glazier Director Approved bythe board on 5th December 2025
DUMBWORLD LTD (COMPANY LIMITED BY GUARANTEE) Independent Examinerfs Report I reportonthefinancial StateMts ofDumbworfd Ltd lor"thechariif}forthefinancial yearended 31 March 2025. which comprEelhe Inwme and Expendilure StstetTEnt. the Balance Sheet and the related notes. Rèspèctivè rèsponsibilitiès of trustèès and èxaminèr As the direcbrsoflhecharity yw are responsibbforthe prepar oftheacwuntsin 8cry)rdanWItr Ihe terrns ofthe Charities Act (Northern Ireland) 2LK18 as amended by the ChareSACt (Northem Irend) 20Z2 and the CompanE5Act2006 where aptAi(sbk. Havry satisfi&l myselfthatthe charityis notsubjectto aKI(t under charity law, and is eligible for independent examination, it is my responsibility to-. examinetheaccountsundersecn6s0f the CharitieSt (Northem Ireland) 2008 Ilhe Charf(Es Ad) as amended by the CharrtEs ActlM)rthem IreL3ndl 2022 and theCo[aleSAG12(K)6 whereapplicati followthe prolu laKJ down in thegeneral Direclior6 gThRn by the ChartyCommissk)nforNot1han Ireland under section 6519llbl of the Charities Act.. and state whether particular matters have come lo my attentiorb. Ba$1$ of Ind•pènd¥nt mInaS rnport I haveexarnined the chaity aco)unts as required undersectr)n 65 ofthe CharitiesAct and my examina'on was carried out in accordance with the general DI£t10nS given by Ihe Charity Comrnission for Norhan Ireland under seGb"on 6519llbl of Ihe Charits"es kt. The examinatK)n induded a reviewof the acwunting records kept by the charty and a coMparin of he accounts presentd with those records. Italso induded considerdti)n of any unusjjal iternsor d ck)sU1n the accounts and seeking explanations from you as charity Irustees Concerning any such matters. An independt examinion IJ5 not InW)e gathering all Ihe eVIde th would be requwed in an aKIit and cOnseqLjent doe5 not toverall the matters that an 8uditor consKlers in givingtheir opInn on tt)e accounis. The planning and condud of an audit go beyond the limiled assuran that an lndqjdt examination can prowde. Consquenlly, l expr&snoopinK)nas to whetherthe accountspresenta Irue fairview'and my report is limitedto th)Sespecifrnatters setoutin the independentexaminerfs statement. My role is lo state whether any material matters hwe corre to my attentn gmng me rea)nab cawt> believe.. 1. That accounting re(r>rds were not kq)t in aCu)rdan wih sectk)n 386 of the Companies Act 20( Section 63ofthe CharitEs ActlNothern IreL3ndl2fM)8 as amended by the charitsLt (Northem 1rddI 2022 where applicable., 2. That the accounts do not accord with those accounting records-. 3. Thattheaccounts do notcOMp withthèactxjunting requiretnènts ofsectK>n 396of thè CompanEsPd 2006 and with methods and prIncie$ of the Siatement of Recommended Practi.. Accounting Reporting by Charrties applrable lo charitEs prq)aring their a¢xounts in ac¢x)rdance with the Fin Reporting Standard applicable in the UK and RepubliG of Ireland IFRS 1021", and 4. Thatlhere is furtherinformatK)n need&1 for a proper under5tsnding of the accounts to be reach. Independent examinerfs statement Since your chariws gross inwme ex(wde(1 £250.(W your examiner mu51 be a of a liStj tKxly. I can confimthat l am quarfittj to undertaketheexaminalon be(xusel am a registered Mèm0fthe Instik of Chartered Accountants Ireld which 15 one of thelisted bodE5. 1 havecotTpleted my examination have no COnmS in respeclof the matters 111 lo {41 listed above and, in connethon with folbwing the Directions of the Charty cOmlsOn for Northem Irelarvj. I ha%e found no matters that require drahing tr) your attention. Mr Jonathan McNeill Forand on behalf of PGR Chartered Accountsnts Unit 2 Channel Wharf 21 Old Channel Road Belfast. Co. Antrim BT3 90E Date.. 0911212025
DUMBWORLD LTD (COMPANY LIMITED BY GUARANTEE) INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted funds 2025 Restricted income funds 2025 Total funds 2025 Prior year Funds 2024 Income Income and endowments from: Charitable aclivities other trad ing activities Total Expenditure Expenditure on: Charity Activities Total Note 3 Note 3 25,257 13,237 216.630 241,887 13,237 255,124 251.504 3,610 255.114 216.630 Note 4 108,419 108,419 138,640 138,640 247,059 247,059 255,698 255,698 Net incomellexpenditure) before tax for the reporting period Tax payable Net incomellexpenditure) Extraordinary ilems Transfers between funds Other recognised gainslllosses)- Currency Exchange gainslllossesl Net movement in funds (69,925) 77,990 8,065 (584) 69.925 77,990 8,065 75,000 (75,000} (695) 5.075 2.990 8.065 (1.2791 Reconciliation of funds.. Total f unds broughtforward 101.840 13,649 115,489 116,768 Totsl funds carried forward 106,915 16,639 123,554 115,489
DUMBWORLD LTD (COMPANY LIMITED BY GUARANTEE) BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2025 Company Registration No N1067153 Charity No 108363 Notes 2025 2024 Fixed assets Tang ible assets 8,054 8.054 9,476 9,476 Current assets Debtors Cash at bank and in hand 2,977 281,305 284.282 16,281 184,868 201.149 Creditors: amounts falling due within one year 168.782 95,136 Net Current assets less current liabilities 115.500 106.013 Credltors: falllng due after more than one year Net Total Iliabilitiesyassets 123,554 115,489 Funds Restricled funds Unrestricted f unds 16,639 106.915 13,649 101.840 Totsl funds 115 489 These accounts have been prepared in accordan wth the proMsDns in Part 15 of the Companies Act 2006 applKa) to companies subject to the small companies. regime and in accor(lance wth FRS102 SORP. The directors are satisfied thatthecompany is entitled to exemption fromtheprovisions ofthecompanies Act 2006 relating to audit of the financial statements for the year ended 31 March 2025 by virtue of section 477, and that no member or members have requested an audit pursuant to section 476 of the Act. The directors aCknOedge their responsibilities forcornplying with the requirernents of the Companies Act 2006 th respect to accounting recoNls and the preparation of accounts. The financial slatements were approved by the Board on V December 2025 and signed on its behalf by.. Mr Mark GIer Director
DUMBWORLD LTD (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1. Objectives and activities The company was set up for the advancement of education and Ihe benefits flowing from your purposes are beneficial to the public in general, or to a sufficient section of the public and are therefore for the public benefit. 2. Accounting policies The following a¢counb"ng policies have been applied consislenlly in dealing with items which are considered material in relation to the financial statements. 2.1 Basis of preparation These financial statements have been prepared in accordance with the provisions applicable lo companies subject to the small companies. regime and in accordan with FRS102 SORP. 2.2 Grants Grants ceiVed and receivable are recognised are treated as deferred income and credited to the Profit and Loss Account annually in the accounts for the year in which they are reived. 2.3 Fund accounting The company has two different types of funds for which it is responsible, and which require separate disclosu re. These are as follows.. Restricted funds. Donations and grants received which are eamiarked by the donor or funder for specific purpose. Such purposes are within the overall aims of Ihe organisalion and are set out in the noles to the financial statements. Unrestricted funds. Funds which are expendable at the discretion of the Director5 in the furtherance of the objectives of the com pany. In addition, the funds may be held in order to finan capital investrnent and working capital. 2.4 Tangible fixed assets and depreciation Tangible fixed assets are stated at cost less depreciation. Upon completion depreciation will be provided at rates calculated lo write off the cost less eslimaled residual value of each asset over its expected useful life, as follows.. Office Equipment Fixtures & equipment 151>A Reducing Balance 15 /0 Reducing Balan
DUMBWORLD LTD (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 3. ANALYSIS OF INCOME Unrestricted Restricted funds funds Total funds Prioryear Arts Council Belf asl City Council British Arts Council Arts Ireland Future Screens 92.094 23,640 1,850 46,750 20.986 92.094 23,640 1,850 46.750 20,986 133,633 21,356 2,500 12,787 16,065 870 14,645 4,931 Charitsble Activities Meath Grant Nerve Centre Curious Industries Domant Accounts Cullure Ireland The American Ireland Nl Film Scoring School Community Flex Grant Touring Income Charities & other income 17.824 4,196 5,000 17.824 4,196 5,000 14,376 4,290 813 10,068 241,887 14.376 4,290 813 10,068 25,257 44.717 251,504 Total 216,630 Other trading aclivities- Project Hire Other 3,610 13.237 13,237 13.237 13,237 Total 3,610 Total Income 38,494 216,630 255,124 255,114 10
DUMBWORLD LTD (COMPANY LIMITED BY GUARANTEE) 4. EXPENDITURE ANALYSIS Unrestricted Restricted funds funds 2025 2025 Total funds 2025 Total funds 2024 Expenditure on Charity Activities.. Direct Costs including Artistic direction f ee, Artists fees and expenses, Photography fees, Development management fees, Set Operations, Stage Manager fees, Technical staff and Workshop costs. 21,000 109,409 130,409 134,267 Advertising & Marketing Salaries Pension costs Staff Training and Welf are Rent Admin Costs and Office supplies and Postage Insurance Equipment and Technical Hire Subscriptions Travel and Catering Costs Accountancy Consulting Depreciation Bank fees General Expenses Total expenditure on charity activities 304 50,821 1,442 119 528 832 50,821 1,442 119 4,888 3,310 258 4,800 1,345 23,364 5.754 11,267 1,421 359 6,670 247,059 1,853 55,796 1,570 4.898 3,583 2,093 1.210 285 7,398 5.767 34.442 1.672 414 450 255,698 1,703 258 1,607 4.800 19 22.016 1.326 5.754 11.027 1,421 359 6,649 108,419 240 21 138,640 STAFF COSTS AND EMPLOYEE BENEFITS The average number of persons employed by the charitable company during the year was 2 {2024:2) The total staff costs and employee benefits were as follows: 2025 2024 Salaries and wages Pension costs Social Security Costs 50,821 1.442 55.630 1,570 166 57.366 52.263
DUMBWORLD LTD (COMPANY LIMITED BY GUARANTEE) 6. TANGIBLE ASSETS Fixtures & Equipment Total Equipment Cost Al 1 April 2024 Add itions 14.064 10.110 24.174 At 31 March 2025 14.064 10.110 24.174 Depreciation Al 1 April 2024 Charge for the year 8,189 14,698 1.422 540 At 31 March 2025 9,071 7,049 16,120 Net book value Al 31 March 2025 4.993 3.061 8.054 At 31 March 2024 5,875 3.601 9.476 7. DEBTORS 2025 2024 Prepayments and Accrued Income PAYE 2,241 736 16,281 8. CREDITORS 2025 2024 Creditors Accruals Deferred Income PAYE 22,824 1,500 144,458 18,587 4,366 66,535 5,648 12
DUMBWORLD LTD (COMPANY LIMITED BY GUARANTEE) 9. RESERVES Balance at 1 April 2024 Incoming Resources Outgoing Resources Transfer of Balance at 31 Funds March 2025 RESERVES Restricted Reserves Unrestricted Reserves 13,649 101,840 115.489 216,630 38,494 255.124 138,640 108,419 247.059 (75,0001 75,000 16.639 106,915 123.554 Tangible Net current fixed assets Assets Analysis of net assets between funds Total Restricted reserves Unrestricted reseeS 16,639 106,915 8,054 98,861 8,054 115,500 123,554 10. Contingent liabilities The company currently has no contingent liabilities. 11. Share capitsl The company is a company limited by guarantee and does not have share capital. 12. Transactions with related parties Tre directors of the company are appointed and are accountable to the members. They have not received any remuneration or other benefits from the company in this period. There have been no related party transactions in the reporting period. 13
DUMBWORLD LTD (COMPANY LIMITED BY GUARANTEE) DETAILED PROFIT AND LOSS AccouMr 2025 2024 Income Restricted Unrestricted 216.630 38.494 255,124 121.039 134,075 255,114 Cost of Sales Direct Costs Gross Profit 130,409 124,715 134,267 120,847 Administrative Expenditure Advertising & Marketing Audit & Accountancy fees Bank Fees Charitable and Political Donations Consultancy Currency Differences Depreciation Expense Equipment & Technical Hire Costs General Expenses Insurance Postage, Freight & Courier Rent Salaries Subscriptions Telephone & Intemet Travelling & catering expenses 832 5,754 358 1.000 11.267 5,967 1.422 4.800 955 258 1.808 4,888 52.382 1,345 250 23,364 116.650 1,853 5,767 414 34,442 695 1,672 1,210 450 2,093 3,583 4,898 57,366 285 7,398 122.126 Net Incomel(Expenditure) 8,065 (1,279) 14