COMPANY REGISTRATION NUMBER: N1640393
CHARITY REGISTRATION NUMBER: 108409
The Belfast Ensemble Limited
Company Limited by Guarantee
Unaudited Financial Statements
31 March 2024
Finegan Gibson Ltd
Chartered accountants
Causeway Tower
9 James Street South
Belfast
BT2 8DN

The Belfast Ensemble Limited
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2024
Page
Trustees, annual report (incorporating the director's report)
Independent examiner's report to the trustees
Statement of financial activities (including income and
expenditure account)
Statement of financial position
Notes to the financial statements

The Belfast Ensemble Limited
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report)
Year ended 31 March 2024
The trustees, who are also the directors for the purposes of company law, present their report and the
unaudited financial statements of the charity for the year ended 31 March 2024.
Reference and administrative details
Registered charity name
The Belfast Ensemble Limited
Charity registration number
NIC108409
Company registration number N1640393
Principal office and registered Crescent Arts Centre
office
University Road
Belfast
Northern Ireland
BT7 1NH
The trustees
R Brown
T Mctighe
K Taroff
L Harris
G Neill
JRae
{Resigned 4 April 2024)
(Resigned 11 December 2023)
(Appointed 11 October 2024)
Independent examiner
Finegan Gibson
Causeway Tower
9 James Street South
Belfast
BT2 8DN
Structure, governance and management
The Belfast Ensemble was incorporated as a company limited by guarantee on 2410812016 (No:
N1640393). It is governed by its Memorandum and Articles of Association and is also a registered
charity since 1911012022 (No.. 108409). Artistic direction and management are undertaken by an
Artistic Director and Executive Consultant, while the administration is carried out by a Company
Manager, with support from a book-keeper, all of whom are part-time.
Trustees were sought at incorporation and since with a view to covering several areas of relevant
expertise. As at 31 March 2024 there were four trustees none of whom have any financial liability in
the event of the charity winding up. The Board meets quarterly alongside a Finance & Operations
sub-committee, each of whom has their own Terms of Reference.

The Belfast Ensemble Limited
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) {Gontinued)
Year ended 31 March 2024
Objectives and activities
The Ensemble's charitable objective is..
i. To advance the education of the public in the arts and in particular to present, promote, organise,
manage and produce musical works of cultural and educational work including music dramas, operas,
operettas, film, television and digital broadcasts, dance productions and cultural events and
exhibitions for the public benefit.
Our constitution states "The Belfast Ensemble is a non-profit 'new music, organisation making its work
in the city of Belfast. The Company's mission is to establish a performance ensemble that produces a
season-by-season programme of mLtsic-theatre activities. These activities will engage, through touring
and residencies, with the wider world.
Achievements and performance
The Ensemble created, performed and recorded several original and live works during this period in
Belfast, London and Brighton. We toured our award winning production - Abomination - A DUP opera
to the QEH at the Southbank Centre and Theatre Royal as part of the Brighton Festival, supported
generously by Culture Ireland. Marc Almond performed with the Ensemble at the Grand Opera House
as part of Belfast International Arts Festival and a new ambitious commission, The Headless Soldier,
at The Lyric Theatre as part of and generously supported by Outburst Queer Arts Festival. The year
also saw our Artistic Director, Conor Mitchell begin to compose a new work for the Ulster Orchestra to
be performed at The Ulster Hall in May 2024. In July we embarked on our first international tour to
Festival de Marseille with a revised version of our first show, the Doppler Effect in partnership with
Festival de Créations Queer Contemporaines TRANSFORM! And Outburst Arts at the Festival de
Marseille as part of the British Council's UKIFrance Spotlight on Culture in association with Culture
Ireland and to local aUdIen￿S at The MAC in September. Conor was also made one of six Southbank
Centre Associate Artists (2024 2027) with the offer of of collaborating and experimenting with their 6
resident orchestras and other artists.

The Belfast Ensemble Limited
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (contlnued)
Year ended 31 March 2024
Financial review
Revenues increased 3480/0 to £430,929 12023.. £95,974) with a profit of £150,121 (2022.. deficit of
£4,851) recorded for the year. Amount of £280,808 was spent on direct Charitable activities. The
Ensemble remains a going concern in a healthy financial state.
Public Benefit
All of the charitable activities are undertaken ft)r the benefit of the public. The trustees confirm that
they have complied with the requirements of the Charities Act (Northern Ireland) 2008 to have due
regard to the public benefit guidance published by the Charity Commission for Northern Ireland.
Policy on Reserves
The Belfast Ensemble aims to maintain reserves at a level that will enable the organisation to provide
for contingencies, withstand periods of poor trading conditions or, in extreme circUmstan￿s, to
manage a fundamental restructure, or orderly wind-down, of its activities. The trustees have
established the level of reserves (that is those funds that are freely available) that the charity should
ideally have. The current level determined, devised to cover core costs for a period of three months is
is £35.000.
The Belfast Ensemble aims to make a small surplus through its engagements. It is intended that any
such surplus will be used to ensure that the reserves policy is achieved and maintained. Additionally, it
is intended that any such surplus will be used as a contingency fund in order to effectively manage
any deviations in budget expectations, including bad debts- or to assist in maintaining a positive cash
flow balance if required.
Risk Management
The Finance Committee has conducted a review of the major risks to which the charity is exposed. A
risk register has been established and is updated quarterly and shared with the Board for discussion
and ratification. Where appropriate, systems or procedures have been established to mitigate the risks
the charity faces. Significant external risks to funding have led to the development of a strategic plan
which will allow for the diversification of funding and activities. Internal control risks are minimised by
the implementation of procedures for authorisation of all transactions and projects_ Procedures are in
place to ensure compliance with health and safety of staff, volunteers, clients and visitors in our work
and practice. All procedures are periodically reviewed to ensure that they continue to meet the needs
of the charity.
Related Parties
Neither the board nor the individual trustees are involved in any artistic decisions as to programming
or casting. All trustees give their time freely and no trustee received remuneration in the period
2023124, beyond the covering of essential expenses.
Plans for future periods
We will host a one-off gala concert of an existing musical in late spring 2025 and are thrilled to have
been awarded a grant from the Arts Council of Ireland Opera Projects and Production Award to
develop a new concert work for the Republic of Ireland and Belfast in Autumn 2025 which will see us
create stronger partnerships across the island and the UK and enable us to connect with international
delegations as potential commissioners for future work. We will develop and present a full production
of the gala concert in Spring 2026 in partnership with The Lyric, Belfast. Our commitment to
generating, profiling and supporting creative talent in Belfast remains critical to our mission and plans
ft)r residencies and masterclasses will continue with a week intensive in Summer 2025. Work will
also begin on a new ambitious opera for 202718.

The Belfast Ensemble Limited
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2024
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to
the small companies exemption.
The trustees, annual report was approved on 10 December 2024 and signed on behalf of the board of
trustees by..
R Brown
Trustee

The Belfast Ensemble Limited
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of The Belfast Ensemble
Limited
Year ended 31 March 2024
I report to the trustees on my examination of the financial ststements of The Belfast Ensemble Limited
('the charity,) ft)r the year ended 31 March 2024.
Responsibilities and basis of report
As the trustees of the company {and also its directors for the purposes of company law) you are
responsible for the preparation of the financial statements in accordance with the requirements of
Charities Act (Northern Ireland) 2008 (the .2008 Act,) and the Companies Act 2006 ('the 2006 Act')-
You are satisfied that the accounts of the company are not required by charity or company law to be
audited and have chosen instead to have an independent examination.
Having satisfied myself that the accounts of the company are not required to be audited under Part 16
of the 2006 Act and are eligible for independent examination, I report in respect of my examination of
the charity's financial statements as carried out under section 65 of the 2008 Act. In carrying out my
examination I have followed the general Directions given by the Charity Commission for Northern
Ireland under section 65(9){b) of the 2008 Act.
Independent examiner's statement
Since the charity's gross income exceeded £250,000 your examiner must be a member of a body
listed in section 65 of the 2008 Act. I confirm that l am qualified to undertake the examination because
l am a member of Chartered Accountants Ireland, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection
with my examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 386 of the
2006 Act., or
the financial statements do not accord with those records., or
the financial statements do not comply with the accounting requirements of section 396 of
the 2006 Act other than any requirement that the accounts give a 'true and fair, view which
is not a matter considered as part of an independent examination- or
the financial statements have not been prepared in accordance with the methods and
principles of the Statement of Recommended Practice for accounting and reporting by
charities applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

The Belfast Ensemble Limited
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of The Belfast Ensemble
Limited (continued)
Year ended 31 March 2024
I confirm that there are no other matters to which your attention should be drawn to enable a proper
understanding of the accounts to be reached.
Finegan Gibson
Independent Examiner
Causeway Tower
9 James Street South
Belfast
BT2 8DN
10 December 2024

The Belfast Ensemble Limited
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2024
2024
Restricted
funds Total funds Total funds
2023
Unrestricted
funds
Note
Income and endowments
Charitable activities
206,555
224,374
430,929
95,974
Total income
206,555
224,374
430,929
95,974
Expenditure
Expenditure on charitable activities
Total expenditure
(84,126) (196,682) (280,808) (100,825)
{84,126} (196,682) (280,808) (100,825}
Net incomel(expenditure)
122,429
27,692
150,121
{4,851)
Transfers be￿een funds
23,692
(23,692)
Net movement in funds
146,121
4,000
150,121
{4,851)
Reconciliation of funds
Total funds brought fomard
Total funds carried fonNard
(10,361)
135,760
{10,361)
139,760
{5,510)
(10,361)
4,000
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 9 to 18 form part of these financial statsments.

The Belfast Ensemble Limited
Company Limited by Guarantee
Statement of Financial Position
31 March 2024
2024
2023
Nots
Fixed assets
Tangible fixed assets
12
17,769
149
Current assets
Debtors
Cash at bank and in hand
13
118,971
12,411
131,382
13,974
13,974
Creditors". amounts falling due within one year
Net current assets
14
{9,391}
121,991
(24,484)
(10,510)
(10,361)
(10,361)
Total assets less current liabilities
139,760
Net assets
139,760
Funds of the charity
Restricted funds
Unrestricted fvnds
4,000
135,760
(10,361)
(10,361)
Total charity funds
16
139,760
For the year ending 31 March 2024 the charity was entitled to exemption from audit under section 477
of the Companies Act 2006 relating to small companies.
Directors, responsibilities:
The members have not required the company to obtain an audit of its financial statements for the
year in question in accordance with section 476.,
The directors acknowledge their responsibilities for complying with the requirements of the Act
with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies, regime.
These financial statements were approved by the board of trustees and authorised for issue on 10
December 2024, and are signed on behalf of the board by:
R Brown
Trustee
The notes on pages 9 to 18 forni part of these financial statements.

The Belfast Ensemble Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2024
General information
The charity is a public benefit entity and a private company limited by guarantee, registered in
Northern Ireland and a registered charity in Northern Ireland. The address of the registered office
is Crescent Arts Centre, University Road, Belfast, Northern Ireland, BT7 1 NH.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities
SORP (FRS 102)) and the Companies Act 2006.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements,
estimates and assumptions that affect the amounts reported. These estimates and judgements
are continually reviewed and are based on experien￿ and other factors, including expectations
of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the terms of an appeal, and fall into one of I￿0 sub-classes-. restricted income funds or
endowment funds.

The Belfast Ensemble Limited
Company Limited by Guarantee
Notes to the Financial Statements (Gontinued)
Year ended 31 March 2024
Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charity., it is probable that the economic benefits associated with the transaction
will flow to the charity and the amount can be reliably measured. The following specific policies
are applied to particular categories of income..
income from donations or grants is recognised when there is evidence of entitlement to the
gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and services are recognised in the
accounts when re￿]Ved if the value can be reliably measured. No amounts are included for
the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted service. This is classified as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and returned if unspent, in which case
it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of
financial activities to which it relates..
expenditure on raising funds includes the costs of all fundraising activities, events,
non-charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of its beneficiaries, including those
support costs and costs relating to the governance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the
charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
be￿een the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any
accumulated depreciation and impairment losses. Any tangible assets carried at revalued
amounts are recorded at the fair value at the date of revaluation less any subsequent
accumulated depreciation and subsequent accumulated impairment losses.
10

The Belfast Ensemble Limited
Company Limited by Guarantee
Notes to the Financial Statements (Contlnued)
Year ended 31 March 2024
Accounting policies (contlnued)
Tangible assets (continuedj
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
recognised gains and losses, unless it reverses a charge for impairment that has previously been
recognised as expenditure within the statement of financial activities. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
except to which it offsets any previous revaluation gain, in which case the loss is shown within
other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual
value, over the useful economic life of that asset as follows:
Fixtures and fittings
25 /0 Straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable
amount of an individual asset, an estimate is made of the recoverable amount of the
cash-generating unit to which the asset belongs. The cash-generating unit is the smallest
identifiable group of assets that includes the asset and generates cash inflows that largely
independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the
acquisition date, allocated to each of the cash-generating units that are expected to benefit from
the synergies of the combination, irrespective of whether other assets or liabilities of the charity
are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other
consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
11

The Belfast Ensemble Limited
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2024
Accounting policies (continued)
Financial Instruments (continued)
Where investments in shares are publicly traded or their fair value can otherwise be measured
reliably, the investment is subsequently measured at fair value with changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured at
cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless
payment for an asset is deferred beyond normal business terms or financed at a rate of interest
that is not a market rate, in which case the asset is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes
recognised in the statement of financial activities, with the ex￿ptIOn of hedging instruments in a
designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence
of impairment at the end of each reporting date. If there is objective evidence of impairment, an
impairment loss is recognised under the appropriate heading in the statement of financial
activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are
individually significant, these are assessed individually for impairment. Other financial assets are
either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not
result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which
the related service is provided. Prepaid contributions are recognised as an asset to the extent
that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the
reporting date in which the employees render the related service, the liability is measured on a
discounted present value basis. The unwinding of the discount is recognised as an expense in
the period in which it arises.
Limited by guarantee
The company, being a company limited by guarantee, does not have share capital. The liability of
members of the company is limited to £1 per member.
12

The Belfast Ensemble Limited
Company Limited by Guarantee
Notes to the Financial Statements (continue
Year ended 31 March 2024
Charitable activities
Unrestricted
Funds
Restricted Total Funds
Funds
2024
other income
Southbank
Brighton Dome and Festival
Department of Tourism
Belfast City Council
ACNI Lottery Fund
ACNI General
Foyle Foundation
Leche Trust
Outbursts Arts Festival
Belfast Festival
other Income
Grant income
ACNI Annual Funding Programme
92,664
37,816
22,748
92,664
37,816
22,748
23,013
26,845
8,000
21,209
20,000
4,000
10,000
18,000
760
24,567
121,307
430,929
23,013
26,845
8,000
21,209
20,000
4,000
10,000
18,000
760
24,567
121,307
224,374
206,555
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Other income
Southbank
Brighton Dome and Festival
Department of Tourism
Belfast City Council
ACNI Lottery Fund
ACNI General
Foyle Foundation
Leche Trust
Outbursts Arts Festival
Belfast Festival
Other Income
Grant income
ACNI Annual Funding Programme
22,543
73,431
22,543
73,431
95,974
95,974
13

The Belfast Ensemble Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
Expenditure on charitable activities by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Performing Arts
Support costs
84,126
188,982
7,700
273,108
7,700
84,126
196,682
280,808
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Performing Arts
Support costs
100,825
100,825
100,825
100,825
Expenditure on charitable activitles by activity type
Activities
undertaken
directly Support costs
Total funds
2024
Total fund
2023
Performing Arts
Governance costs
273,108
273,108
7,700
100,825
7,700
7,700
273,108
280,808
100,825
Net incomel(expenditure)
Net incomel(expenditure) is stated after chargingl(crediting)'.
2024
2023
Depreciation of tsngible fixed assets
6,072
Independent examination fees
2024
2023
Fees payable to the independent examiner for:
Independent examination of the financial statements
2,000
14

The Belfast Ensemble Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
10. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows=
2024
2023
Wages and salaries
Social security costs
Employer contributions to pension plans
5,100
390
106
5,596
The average head count of employees during the year was 1 (2023.. Nill. The average number of
full-time equivalent employees during the year is analysed as follows=
2024
2023
No.
Number of staff
No employee received employee benefits of more than £60,000 during the year (2023.. Nil).
11. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were
received by the trustees during the year.
12. Tangible fixed assets
Fixtures and
fittings
Cost
At 1 April 2023
Additions
149
23,692
At 31 March 2024
23,841
Depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
6,072
6,072
Carrying amount
At 31 March 2024
17,769
At 31 March 2023
149
13. Debtors
2024
2023
Prepayments and accrued income
118,971
15

The Belfast Ensemble Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
14. Creditors: amounts falling due within one year
2024
2023
Accruals and deferred income
Social security and other taxes
Other creditors
7,700
1,605
86
24,484
24,484
9,391
15. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined
contribution plans was £106 (2023.. £Nil).
16. Analysis of charitable funds
Unrestricted funds
At
31 March 202
At
1 April 2023
Income Expenditure
Transfers
General funds
Rebrandlnew website
Artistic works - planned
projects
(10,361)
206,555
{84,126)
(76,308)
20,000
35,760
20,000
80,000
80,000
(10,361)
206,555
{84,126)
23,692
135,760
At
31 March 202
At
1 April 2022
Income Expenditu
Transfers
General funds
Rebrandlnew website
Artistic works - planned
projects
(5,510)
95,974
(100,825)
(10,361)
(5,510)
95,974
(100,8251
(10,361)
The Belfast Ensemble Board have made the decision to set aside £20,000 of unrestricted funds
to invest in the rebrand, new website and audience development strategy which will take place at
the end of the 2024125 financial year.
A further £80,000 of unrestricted funds has been designated to deliver four artistic work projects
during April 2024 - March 2025.
16

The Belfast Ensemble Limited
Company Limited by Guarantee
Notss to the Financial Statements (contlnuedj
Year ended 31 March 2024
16. Analysis of charitable funds (contlnued)
Restricted funds
At
31 March 202
At
1 April 2023
Income Expenditure
Transfers
Department of Tourism
Belfast City Council
ACNI Lottery Fund
ACNI General Revenue
Foyle Foundation
Leche Trust
ACNI Annual Funding
Programme
23,013
26,845
8,000
21,209
20,000
4,000
{23,013)
{26,845)
(8,000)
(21,209)
{20,000)
4,000
121,307
(118,824)
(196,682)
(2,483)
(23,692)
224,374
4,000
At
31 March 202
At
1 April 2022
Income Expenditure
Transfers
Department of Tourism
Belfast City Council
ACNI Lottery Fund
ACNI General Revenue
Foyle Foundation
Leche Trust
ACNI Annual Funding
Programme
A transfer has taken place in the year in relation to fixed assets as The Belfast Ensemble fully
own the assets, no restrictions have been placed on these assets.
17

The Belfast Ensemble Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
17. Analysis of net assets between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
17,769
127,382
(9,3911
135,760
17,769
131,382
(9,391)
139,760
4,000
4,000
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
149
13,974
(24,484)
(10,361)
149
13,974
(24,484)
(10,361)
18

The Belfast Ensemble Limited
Company Limited by Guarantee
Management Information
Year ended 31 March 2024
The following pages do not form part of the financial statements.
19

The Belfast Ensemble Limited
Company Limitsd by Guarantee
Detailed Statement of Financial Activities
Year ended 31 March 2024
2024
2023
Income and endowments
Charitable activities
Other income
Southbank
Brighton Dome and Festival
Department of Tourism
Belfast City Council
ACNI Lottery Fund
ACNI General
Foyle Foundation
Leche Trust
Outbursts Arts Festival
Belfast Festival
Other Income
Grant income
ACNI Annual Funding Programme
92,664
37,816
22,748
23,013
26,845
8,000
21,209
20,000
4,000
10,000
18,000
760
24,567
121,307
22,543
73,431
430,929
95,974
Total income
430,929
95,974
20

The Belfast Ensemble Limited
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities
Year ended 31 March 2024
2024
2023
Expenditure on charitable activities
Performing Arts
Activities undertaken directly
Wages & Salaries
Employer's NIC
Employer's Pension Costs
Rent
Legal and professional fees
General expenses
Depreciation
BIAF
BCF
Abomination
BCC Pathfinder
EP
MASS
PROP
Bank charges
Production Costs
Commission
Travelling & Accommodation
Subsistence
Hospitality
Storage Hire
Hiring Costs
Theatre Tickets
Office Stationery
Memberships and Subscriptions
Marketing
Insurance
Interest on overdue taxation l fines
Staff - Production
Staff - Performance
Staff - Orchestral
Staff - Core
Consultancy Fees
5,100
390
106
5,532
3,227
870
{88)
6,072
250
15,673
4,700
10,000
10,817
1,000
54,223
63
108
43,450
5,500
37,865
6,028
382
3,528
300
219
596
2,261
2,920
3,336
500
35,069
32,825
30,635
47,774
2,700
273,108
100,825
Governance costs
Governance costs - accountancy fees
7,700
Expenditure on charitable activities
280,808
100,825
Net incomel{expenditure)
150,121
(4,851)
21