Arts Care Limited (A company Ilmlted by guarantee) Annual report and financial statements for the year ended 31 March 2024 Charity Registration Number: NIC 108903 Company RegistratlOD Number: Nl 058264 Arts Care Limited (A eompany Ilmlted by guarantee) Financial Statements Year Ended 31 March 2024 Contents Pages Charity Reference Number and Administrative Details Trustees, Annual Report (Including Directors, Report and Strategic Report) 2-23 Independent Auditors, Report 24-29 Statement of Financial Activities (including summary income and expenditure account) 30 Balance she 31 Statement of Cash Flows 32 Notes lo the Financial Statements 33-50 Arts Care Limited (A company limited by guarantee) Charity Reference Number and AdmlnSstrt4rfve Detafils Year Ended 31 Marcb 2024 Charity Rcgistration Number NIC 108903 Company Registration Number Nl 058264 Trustees Mr D Cochran¢ Mr N Oliver DrT Wyatt OBE Ms J Greene Dr G Adams Mr S McGookin Ms K Moylan Mr R Taylor (Appointed 10 October 2023) Chief Executive Officer B Macaulay Secretary B Macaulay Registered Office Unit 46, Connswater Shopping Centre Bloomfield Avenue Belfast BT5 5LP Auditor GMCG Belfast Chartered Accountants and Statutory Auditor Alfred House 19 Alfred Street Belfast BT2 8EQ Solicitor Edwards and Co 28 Hill Street Belfast BTI 2LA Bankers Bank of Ireland High Street Belfast BTI 2BA Danske Bank Donegall Square Wesl Belfast BTI 6JS Arts Care Limited (A company limlted by guarantee) TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The t￿￿1¢¢$ present their report and the audited financial statements of the company for the year ended 31 March 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Rq)orting by Charities" (FRS 102) in preparing the annual report and financial statemenls of the charity. The financial statements have been prepared in accordance with the accounting EN)licies set out in th¢ notes to the financial statements and comply with the charity's governing document, the Charities Act ￿Orthern Ireland) 2008, Charities Act (Northern Ireland) 2013. The Charities (Accoun(s and Reports) Regulatlons (Northern Ireland) 2015, Companies Act 2CK)6 and Accounting and Reporting by Charities: Statement of Recommended PTacticc applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019, REFERENCE AND ADMINISTRATIVE DETAILS On 17 June 2022, Arts Care Limited became a registered charitable company with The Charity Commission for Northern Ireland and it is registered as a charity with HM Revenue & Customs (Reg. No. XR 77433). Charity Dame Ch74rity reglstratlon number Company registration number Registered otTi¢e Arts Care Limiied NIC 108903 Nl 058264 Unit 46, Connswater Shopping Cenlre, Bloomfield Avenue, Belfast, BT5 5LP B Macaulay B Macaulay GMCG Belfast, Chartered Accountants & Statutory Audilor, Alfred House, 19 Alfrd Street, Belfast, BT2 8EQ Bank of Ireland, High Street, Belfast, BTI 2BA Danske Bank, Donegall Square West, Belfast. BTI 6JS Edwards and Co, 28 Hill Street, Belfast. BTI 2LA Chlef Executlve Offlcer Secretary Auditor Bankers Solicitors TRUSTEES OF THE CHARITY The directors of the Charitable company its trustees for the purposes of charity law. The tenns "director" and "truste¢" are used interchangeably throughout the financial statements. The trustees who have served during ihe year were as follows: Mr Nevin Oliver - Cha]￿erSOn Ms Jane Greene Vice-chair Mr David Cochrane Ms Kate Courtenay Dr Tim Wyatt (OBE} Resigned 31 O¢tober 2023 Arts Care Limited (A company Ilmlted by guarantee) TRUSTEES REPORT (INCLUDING DIRECTORS? REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2024 (Continued) TRUSTEES OF THE CHARITY (Continued) Dr Gavin Adams Ms Molly Cullen Ms Louise O'Boyl¢ Mr Mark Rainey Mr Conrad Dixon Mr Simon McGookin Ms Olwen Minford Ms Kim Moylan Mr Robin Taylor Resigned 5 September 2024 Resigned 23 February 2024 Resigned 8 November 2024 Resigned 31 October 2023 Resigned 19 June 2023 Appointed l O October 2023 Trustees Please note., We refer to Arts Care Board Members as Charity Trustees in line with Charity Commission advice. Companies House refer to them as Company Directors. The following trustees have held offirx since l April 2014: David Cochrane Tim Wyatt Trustee$ Interests As the company is a company limited by guarantee and so has no share capital, there are no Truste¢s' interests. PUBLIC BENEFIT STATEMENT The Board of Arts Car¢ Limited confimi that they have had due regard for th¢ guidance produced on public benefit by the Chariiy Commission for Northern Ireland and are pleased to report that during the year the charitabl¢ company has continued to provide public benefits ihtough the programmes and services it offers. In particular, the directors consider how planned activities will contribute lo the aims and objeclives they have set out. The Trustees, who are also directors of the charity for the pU￿05¢S of the Companies Act, submit their annual report and the audited financial statements for the year ended 31 March 2024. The trustees have adopted the provisions of the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable An the UK and Republic of Ireland issued in October 2019. Prlnclpal Actlvltie8 The charity is a charitable company limited by guarantee and was incorporated on 23 February 2006. It is governed by a memorandum and articles of association. Its objectives are for ihe benefil and well-being of service users. staff and visitors. Arts Care promotes and co-ordinates the development of arts provision in Health and Social Care settings throughout Northern Ireland. Arts Care Limited (A eompany Ilmited by guarantee) TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2024 {Conftnued) Cbairman's Report It is with great pride and reflection that I present this year's Chaimian's Report for Arts Car¢. The past year has bcen one of unprecedented challenges, yet also one of remarkable resilience and innovation. A Year of Unpreeedented Challenges The 202312024 period has undoubtedly been one of the most challenging in Arts Care's 30-y¢ar history. As anticipated in our 2022-23 annual report, we faced significant risk factors, primarily stemming from the financial climate affecling our statutory funders and changes to regional organisational slructures. ProActive Management Alld Strategic Hanning In response to th¢5e challenges, our Chief Ex¢cutive, Bary) and his senior management team revised our three-year Strategic Plan and associated risk register. This proactive approach, presented to staff and the board in February 2024, outlined key changes lo our service delivery model and miligating actions to address serious financial implications. UDprecedented Financial Challenge8 February 2024 brought official notification of changes even more 5¢vere ihan anticipated with the proposed withdrawal of recurrent core funding from SPPG of £242,000 from 2024125. For the first time in Arts Care's history, I was required to call an Exlraordinary General Meeling (EGM) due lo the serious risk pos Éo our organisation's sustainability and financial viability. Reslllence ADd AdfdPtalloD Despite these traumatic events. l am pleased to report that our Chief Executive and Senior Team successfully lobbied at the highest level to havc the monies reinstaled for 2024125, thus minimising the impact on stsff contracts and dclivery. Their innovation, flexibility, and teamwork have been instnllnental in maintaining our position as a leading organisation in Arts in Health. Measurable Successes Amidst the challenges, we have achieved notable successes: l. Our "Social Enterprise Model" has balanccd the precarious nature of statutory funding, g¢nerating income of £ 104.000 in the last financial year. 2. Innovative approaches to financial risk management have secured additional extemal funding of approximately £46,000, with furthw projecls and bids in development. Leadership Transltlon As I step down from niy position as Chairn]an du¢ to external commitments. l am pleased to continue serving on the Board as a Trustee. li has been an honour to scrve on the Board for ihe past ten years and to chair such a wonderful organisation. AcknoivledgemeDts and Tbanks l extend my heartfelt thanks to: Our Vice Chair, Jane, and Board m¢mb¢rs for their unwavering support Our Chief Exccutive and senior team for their commitment and support All staff members and artists who deliver such valuable and skilled services within Arts in Health. Arts Care Limited (A company Ilmlted by guarantee) TRUSTEES REPORT (IIYCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2024 (Conlinued) Chairman's Report (Conffinued) Looldng Abead While challenges undoubtedly lie ahead. l am confident in our ability lo manage them successfully, given our achievements during this transitional year. I wish my successor, Dr Gavin Adams, the very besl and offer my full support for ihe ￿ture. Nevln Oliver Outgolng ChAlrmAn Arts Care Limited (A comprdny Ilmited by guarantee) TRUSTEES REPORT (INCLUDING DIRE￿ORs, REPORT AND STII4TEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2024 (Continued) STRATEGIC REPORT Ob"ectlves and Activities Purpose Arts Care 1$ an arts. health and well-being charity delivering services throughoui Nl, Our Mission is 'improving personal health and wellbeing through the Arts,. We deliver a wid¢ range of innovative and impactful participatory arts projects, events, perfornvdnces, and exhibitions in all five NI Health and S(Kial Care Trusts. We aim to provide opportunities for service users, healthcare staff and visilors lo participate in a variety of hIgh￿UalitY arts workshops. perfonnances and events within health and community care settings. In doing this. we seek to transfonn clini￿1 environments into creative spaces valued by those who use them. Actlvltfies and Programmes Arts Care offers the following Programmes with the intention to significantly grow our Social Entery)rise activity during the current slrat¢gy period 2023-26: Artists-in-Residence: deployment of highly skilled and experienced professional visual artists. musicians. dancers. clown doclors and creative writers across all five Health and Social Care Trusts. These services are commissioned by the Department of Health (SPPG) and the five HSC Trusts. Arts Care Social Enterprise Programme.. large and small arts projects that sit outside the commissioned programme. These services are delivered by our pool of freelance Project Artists and can be funded through granls or directly pU￿hased from Arts Care by any organisation from the charity, public or private sectors. We will pursue growth in tkn's programme through a social enterprise approach and extending our reach b¢yond our traditional health and social care base. Across the two Programmes we offer the following five key product￿servIces. Artistic Workshops Packages or one-off creative workshops led by professional artists including visual art, dance. music, creative writing. Creating unique pieces of individual or collaborative artworks. Clown Doctors: Interactive free play with children. Clowning and circus skills building confidence, positive mental well-being and sense of play, Communication and empathy building training. We are also developing a similar service for older people called 'Skylarks'. Environmental Transfonnations.. Changing spaces (both internal and external) with participants to create unique visual artlmurals in health and social care and community settings. Education and Training Services: Upskilling healthcare professionals and students to facilitate arts, music and dance with their service users. Staff Wellbeing Services: Away Days facilitated by professional artists to encourag¢ team building, improve communication, and improve mental health and wellbeing for staff from a range of sectors. Arts Care works within a wide range of services and settings including hospital services; day care services. residential care services; children and young people's services; older people's services. demcntia services; mental health services. cancer care services. hospices: learning and disability services: looked after children and young pcople's services: and increasingly within community-based services including Councils. Arts Care Limited (A company lfimlted by guarantee) TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2024 (Continued) Ob'ectives and Activldes (Continued) Our key Statutory Partners and funders are the Dq)artment of Healih (SPPG). Ihe five HSC Trusts, the Public Health Ag¢n¢y and Arts Council Nl, The Marketing Plan we have devised with support from the Go Succeed Programme aims to grow our social ente￿ris¢ activity, particularly in ihc Charity and Corporate sectors. This promotional reel provides an animated summary of the above service offers. ht sJ/www.artscare.¢o.uk/the-services-we-off¢r Achlevements and Performance in 2023-24 Th¢ following table shows ihe significant reach we achieved through our five Programmes in 2023-24. Most notable is the activity and business achieved through our social ente￿rise in it5 first full year of trading. Number of Sessions 3,339 Number of Partici ants 19,722 Number of Lo¢atious 163 Artist in Residence- Clown Doctor amme Here and Now Festival Twili ht zone Festival Children in Ne¢d Social Enterprise ects Grand Total 496 98 65 132 24 24 13 25 187 565 1,712 25,412 249 There has continued to be a focus on improving mental health and well-being of Service users and also staff. Staff are now increasingly keen to engage. scck out and s¢¢ the benefits of creative health for their services and staff, embracing it on the wards and in different venues that might not have been open to it previously. This has included environmental transforn￿tIonS in a number of facilities to improve and enrich the clinical environments ihrough art works co designed and produced by staff and service users. The Clown Doctors have fully returned to delivering in the wards and Children's Services are keen for more engagement. We intend to expand into other Trusts in 2024-25 as currently only Belfast and SE Trust engage. The hiring of new artists in residence has brought new art fomis, skills and experiences for servicc users lo avail of and has been refreshing for artists, staff and service users e.g. weaving, drum workshops and music perforniances in nursing care settings. Arts Care Limited (A company Ilmlted by guArantee) TRUSTEES REPORT (INCLUDING DIRECTORS? REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2024 (Continued) Achlevements and Performance in 2023-24 Continued Key outcomes and themes fr)r the year 23-24 were as follows.. Increased social connectioTh and friendship between other servic¢ users and staff; Participants developed a sense of achievement and fulfilment creating artwork, providing them wilh pu￿Ose. The arts engagements increased positivity and communicalion wilh the patients and participants, creating a distraction from I￿almentS and pai￿ reducing stress and promoting relaxation; Lifting of morale, reduced anxiety, boosting self-esteem. Aclivities were fun and sociable, increasing communication and conversatkon encouraging Service users socialisation and reducing isolation; Creation of environmental transfornialions provided brighter and more ambient working environments and improved ihe service user expericnce and general atmosphere: Improved physical dexterity and mobility through dance and movement and various visual art techniques; The use of breath as a tool for focus and relaxation to lower heart rale. lower blood pressure and increase immunity. Arts Care involves the servic¢ users, staff and families in the planning, delivery and evaluation of the art workshops ihrough a number of methods: Informal discu$$i•n Arts Care Senior staff and Artists involve service staff in ihe planning stages of the project through an initial consultation exercise. The outcomes from these consultations infoThn th¢ planning and design of the arts aclivilies and programme. Arts Care artists draw on iheir artislic skills and imagination to cngage in meaningful communication with children and adults with complex needs. The artists use the diff¢r¢nt art fomis and observation techniques to assess the creative needs of individual service users. Bespoke QuestlOllDaire$ specifically designed to stimulate conversations amongst groups of adults and young people. Arts Care engages in infonnal interviews and uses bespoke questionnaires to ensure that sufficient daia is gathered for monitoring, reporting on and improving the arts service. Fllm alld photographic documentatlon are increasingly used to secure relevant data on the 'lived experience, of th¢ service users. slaff and visitors who have participated in the arts sessions and perfonnanceslart exhibitions. This is a good tool for gathering information for older frail people, children and those with complex needs. Arts Car¢ CEO and the Head of Operations worked closely throughout ihe year with the designated Arts in Health Leads in the Trusls to ensure the Programme deliver¢d the desired outcomes for Servic¢ Users and Healthcare Staff. Arls Care engaged both a qualilative and quantitative methodology to capture and evaluate the participants. lived expcricnce of the Arts sessions. Arts Care Artists worked closely with Healthcare Staff and Service Users to record the impact of participating in the Arts activities. Inforniation was gathered primarily after every session by the facilitating Artists and Hffalthcare Siaff who reported and supported Service Users to offer feedback on their experiences. This inforniation is compiled and submitted to each of the five Trust's Arts In Health Leads bi-monthly or quarterly. Each project is made into a casc study* please see some samples of these below. Arts Care Limited (A company limited by guarantee) TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT AND STII4TEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2024 (Continued) Acbievements and Performance ill 2023-24 Continued Below is a selection of qualitative data from our core programmes in 2023-24, including photos, case studies and testimonies from participants to animate and evidence the efficacy of our arts in health interventions to a range of service users. Artlst In Resldence Programme Ir '4ni clinell io Arts Care Limited (A company limited by guarglltee) TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORD FOR THE YEAR EIYDED 31 MARCH 2024 (Contlnued) Achlevements and Performance In 2023-24 Continued Case Stud . Children One to One Sesslons Artlst In Residence Name: Grainne Kielty (Artist in Residence), BHSCT Target se￿Ce Area: Children and Young People Art Form: Visual Arts Location Of Resldency - The Royal Victoria Hospital for Sick Children Brlef summary: Th¢ ongoing art project revolves around one particular child's evolving interests. Over several weeks. I cngaged in conversations with the child's mother to inspire participation, l)oth for herself and her child. Ev¢ntually, we struck a chord wilh a subject that truly resonated with him The Muppcts. in particular, Elmo. Together, we embarked on a creative journey, producing a Series of Elmo artworks on paper using vibrant watercolour paints. Even the Child's older brother joined in, and soon we expanded our horizons. recreating other cherished characters from the room. We even traced and filled in a laig¢ snak¢, giving it a three dimensional fonTA With the help of coloured sticky-back material. Now, we've created our very own art b(K)k - a space to draw, paint, and stick in our creations - and the artistic journey Continues. Our next venture will bring Big Bird from the Muppets to life. Keep an eye out for more exciting developments. Alm I: To support families during prolonged hospital stay. Aim 2: To provide a creative outlet for children and families to engage with that would help alleviate stress. Alm 3: Allow for a s¢ri¢s of creative successes to boost Confidence and alleviate boredom. How dld It gog Each session was filled with radiant smiles, productive crafting, and warni conversation. Accompanied by a gracious welcome that set a positive tone. Our efforts culminated in a beautifully adorn¢d wall, covered in artwork that filled us all with a sense of pride. In particular, I noticed this child's face light up with joy and detern]inalion as he recreated his beloved characters. The iPad was momentarily set aside, as art took Centre Stage in his world. It was a truly heartwanning transfomydtion to witness. Impact I: T￿)k everyone's mind off the wotries that they might have for a short while. Impact 2: Lols of creative outputs to enhance the r(y)m. Impact 3: Lots of positive engagement. Arts Care Limited (A eompany limited by guarantee) TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORD FOR THE YEAR ENDED 31 MARCH 2024 (Continued) Aehievements and Perforniance in 2023-24 Continued Clown Doctors Photo and Testlmonles "It's really good as this is the first time we've actually seen him start to engage in an activity for any length of tim¢." Par¢nl of a sick child. "She just loves you guys, and you've known her so long, we couldn't be in here and nol see you, even though we know you don'l come to this ward anyinore." Mum of ninc year old girl. "Oh! Please don'l go! You went over to him and suddenly he was quiet. It was like magic." Ward Sister "You'rc thc first people to make her smil¢ al all." Mum of seven year old wheelchair user. "Thank you so much he's really taken to you - so much so his slats have come up for the first time today." Granny of five year old boy. "He won't listen to music that I play, bui he listened io you and he was really calm" baby. Mum of newborn 'Trt was brilliant, the singing helped to chill me out - thanks so much guys" . Dad of five year old boy. "He was hypnolised when you were singing Twinkle Twinkle littl¢ star - it's th¢ quietest he's been all day." - Mum of four year old boy. 12 Arts Care Limited (A company Ilmlted by guarantee) TRUSTEES REPORT (INCLUDING DIRECTORS? REPORT AND STRATEGIC REPORD FOR THE YEAR ENDED 31 MARCH 2024 (Continued) Aeknievement$ and Perfor￿￿llee in 2023-24 Conlinued Here and Now Festlval Summary Case Study ."WA'. /R/.*¥/'I Arts Care, in partnership with the Public Health Agency, has been proud to deliver the 13th 'Here & Now, Arts, Health & Well-being Festival for Older people. This annual Arts Festival offers a unique opportunity for older people over the age of 60 to participate in a scrics of arts activities led by our t¢am of expert Arts & Health Artists. 13 Arts Care Limited (A company Ilmlted by guarantee) TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2024 (Con￿nued) Achievements and Performance in 2023-24 Contlnued Our Artisls have been inspired to deliver a 'Gem' of a festival this year reaching right across Northem Ireland engaging groups and individuals in: Dance Creative writtng Music & singing Visual art Storytelling and Drama. The theme for thc 202312024 Herc & Now Fcstival was 6You're a Dlamond, inspired by the celebralion of th¢ 75 Anniversary (Diamond Anniversary) of HSC. 'You're a DiAmond* has drawn on lots of positive aspects for example: Strength Beauty Shining bright Being tough under pressure. Th¢ ih¢m¢ has a¢knowl¢dg¢d some of the hard tim¢s but has also celebrated and encouraged our amazing older people to keep shining. This year the festival was delivered in 6 stages. Stage I Creative Workshops Which ran from September 2023 - February 2024 and throughout the festival, Arts Care engaged with 25 groups across Northern Ireland, from Aughkillymaude to Knocknagin. 24 Arts Care artists facilitated the H&N workshop programme this y¢ar and 337 older p¢opl¢ participatd in the workshops programm¢. Stage 2. PIUME Exhibition - An open exhibition engaging artist over the age of 60 from across NI - 20 PRIME artists participated with over 50 artworks exhibited this year. Stage 3. Regional Ziloms - Arts Care delivered a total of 14 Northern Ireland wide online Regional Z(K)m sessions - Targcting older pcoplc in Care Homes and hard to reach community groups in rural arcas. 1,141 participants from 122 groups with an addilional 202 staff from the various groups joining in and learning new activities and skills. Zoom Music workshops- 642 parlicipated. Zoom Visual Arl workshops - 63 participated. Zoom Music workshops - 436parlicipaled. Stage 4. Taster Sessions with community groups outreaching to new groups who have yel to participaie in the Here & Now Festival. 14 Arts Care Limited (A company limited by guarantee) TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2024 (Continued) Achievements and Performance In 2023-24 Contlnued Stage S. Piloting the Skylarks progrAmm¢ - currently in development, we have delivered five very successful pilot sessions and are conlinuing to train our artists in Skylark skills. StAge 6. Showcgses & Exhibltlons -Arts care has delivered eight showcases during the Here and Now 2023124 Festival. Below is an example of a projert which illustrated one of the ways in which artists and parlicipants explored this year's festival theme. Tbe Gem of the Roe - This was the inaugural project using Arts Care's 'Crankie' as a creative vehicle. The projcct developed wilh Limavady Hen'5 Shed and evolved through collaboration between music, slory-telling and visual art. Discussing the project Theme "You're a Diamond," Ihe story of the Gem of the Roe, a local story of the area, became the natural choice for the creation of a proj¢¢t. 15 Arts Care Limited (A company limited by guarantee) TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2024 (Continued) Achievements and Performance in 2023-24 Conlinued Twllight Festival Summary And Case Study The Twilight Zone 1$ a creative multi-media arts project for Looked After Young People across Northern Ireland. Arts Care in partnership with the Public Health Agency have continued to support young people in care settings io express themselves through the creative arts. Now in its 13th year, The Twilight Zone offers young people between the ages of 12-18 the opportunity to work with Arts Carc artists cr¢ating artwork to transform their own living environments and for our annual exhibition in the Arts Care Gallery. An open call was made to our Arts Care artisls in response to (he chosen title of Shine Bright Like a Diamond. This process put the young person's voice al the centre of the project throughout and resulted in artworks which reflecled their personal thoughts and ideas in response to the theme. This year, in particular, was very strong in employing a diverse range of mediums including crealive writing and metalwork which gave unique opportunities for the young people. Main aims for the project: To ¢n¢ourag¢ social interactiotvcommunication between participants To help with mental wellbeing and ￿nCtiOn To improve children and young people's experiences and quality of life To help combat feelings of social isolation and gain more connectedness To impact and improve health and wellbeing Art sessions w¢r¢ facilitated by professional artists engaging with children and young people at 22 Care Homes, one Youth R¢spile/Secur¢ Centre and one Intensive Support Service. Artists worked with 90 young people (50 gir15. 30 boys and 4pangender). 16 Arts Care Limited (A company limited by guarantee) TRUSTEES REPORT {llYCLUDING DIRECTORS? REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2024 (Continued) A¢hfievements and Perforniance ID 2023-24 Continued The annual exhibition in October 2023 was well attended and several young people from across Northern [￿land were able to attend the launch of th¢ exhibition. The work pr(ydueed was particularly high quality this year. The exhibition took place in two venues, firsily in Arts Care's fornier Gallery space in Bloomfield Avenue and then became the first exhibition to open Arts Care's new Gallery in Connswater. We were delighted with the impact of this year's exhibition in temis of skill. colour and message. C IOE X145 17 Arts Care Limited (A company limAted by guarantee) TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2024 (Conlinued) Achievements and Performance in 2023-24 Conlinued Some comments captured beforelrdt the end of a Twlllght workshop: "The young p¢rson was quiet and shy at first. She was unsure about the project and taking part but she stayed fo¢uss¢d for the entire session, becoming more confident and interested as the session unfolded" "They loved it. some saying how they didn't know they could create such a piecc as they did. One girl was really set on her style and enjoyed having the freedom to explore this with an expert artist. The social worker present was very enthusiastic about the project also and saw the value in how the young people could express themselves with freedom, along with expert guidance" Participant Comments: 'I haven't drawn in 3 months $0 this is quit¢ refreshing" "I'm really enjoying this" '1 can't believe I made this, do I get to keep it" Li, 18 Arts Care Limited (A company limited by guarantee) TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2024 (Continued) Achievements and Perforniance In 2023-24 Contlnued T.f grYii¥ll J<. .¥m!sll ￿￿ry_,. *J ftlW• r¢ TJI UNIOUE.Ii rJ" 19 Arts Care Limited (A company limited by guarantee) TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2024 (Continued) Struclure overnance and mana ement Arts Care Limited is a charitable company limited by guarantee and does not havc a share capital. It was incorporated on 23 February 2006. It is governed by a Memorandum and Articles of Association and the liability of each member is limited to an amount not exceeding £1. The Articles and other Oov¢rnanc¢ documents were reviewed and updated in 2022 linked to our successful application for registration with the Charity Commission for Nl. Arts Care's objectives are for the benefit and well-being of service users, staff and visitors, and we promote and co-ordinate the development of arts provision in Health & Social Care settings throughout Northern Ireland. Recruitment and appolntment of trustees The Arts Care Board of Trustees collectively considers new appointments ba￿d on ￿levant experience and expcrtise. Three new Dircclors have been appointed (to rq)lace those who have moved on) and will be ratified at the Annual General Meeting on 28 Nov 2024. Newly appointed Directors are forn]ally inducted into their new posilion and infornied on all aspects of organisational policies and procedures. None of the trustees has any beneficial interest in the company. Arts Care has indemnity insuranc¢ for trustees to the sum of £ l 0,000,000 wiitl Marsh Insurance Company, Belfast. Organisational structure The Chief Executive OfficerlArtistic Director manages the company, core Administration staff, Artisls and Clown Doctors and mana8es the seryice programmes of the organisation on a daily basis. The Board of Directors is responsiblc for all strategic and tactical decisions within the organisation. The core members of staff who support the Chief Executive Officer as of 31 March 2024 are: Head of Operalions, Finance Manager, Comms and Business Development Manager, Business Support Manager and Business Support Assislant and Projects Officer. How de¢i$ioD$ ire made The Board of Trustees is responsible for the strategic management of the charitable company and oversight of its business. Chaird in 2023-24 by Nevin Oliver, it meets every two months. Given the nature and location of operations, the Trust¢es lak¢ the responsibility of monitoring financial risk and continually reviewing levels of expcnditure to ensur¢ they are kept within budget. The Directors have pro¢dur¢s in place to ensure compliance with a range of policies including hcalih and safety and fair employment legislation. Remuneratlon pollcy The Arts Care Board continues to review Remuneration Policy regularly. Under new governance arrangements since 2022. an Office Holders Committee will oversee HR in general including Remuneration. Arts Care continues to follow ihe Dept of l.lealih Agenda for Change framework for selting Salari￿ and incrcmcnts for its payroll slaff. Premlses As notcd in last year's report the Board instructed the CEO to seek new premises. We have secured two Unils at Connswat¢r Shopping Centre {Office Hub and Crealive Space) under a Licensing Agreement which is saving us around £20k a year in rent and has excellent footfall and visibility in the community. 20 Arts Care Limited (A company limited by guarantee) TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2024 (CoNllnued) Flnanclal review The results for the financial year arc fully sct out in the Siatement of Financial Activities. During the financial year, Arts Care Limited has continued to work in partnership with Health and Social Care Trust5 throughout Northern Ir¢land in order to make all fornis of art accessible to service users and staff in health and social care environments. In canying out its outline activities, Arts Care Limited has decreased its funds by £121.074. The charity's income has increased from £745,73 I to £755,009 in 2024. The net expenditure for the year amounted 10 £121,074 (2023: nel cxpenditurc £31,484). The accumulated funds at 3l March 2024 amounted 10 £333,915 (2023: £454,989), a decrease of £121,074 during the year. This was due to the budgeted operational d¢fi¢it for the year and also the allocation of reserves by the Board to the refurbishment of the two units at Connswater and inveslment in the Strategic Development Fund. The unrestricted fijnds have decreased by £64,178 in the year. The unrestricted fund balance at 31 March 2024 is £330,808 (2023". £394,986) including unrestricted fixed asscts of £22,800 (2023.. £11,816), The restricted funds have decreased by £56,896. The restricted fund balance at 31 March 2024 is £3,107 (2023: £60.003). At 31 March 2024, free reserves which are unrestricted funds excluding fixed assets are £308.008 (2023: £383,170). Currently the charitable company's free reserves are in ¢xc¢ss of the reserves level required according to its reserves policy. The charitable company believes that there are sufficient reserves held at the year end io enable il to continue further its aims and goals. In detern]ining an appropriate level of reserves, Arts Care has taken into account ils short and long iemi strategy and the risk to the charilable company of losing current source5 of income. Reserves poli¢y Arts Care has considered ihe cost of ke￿Ing the organisation running for a period of time, and ultimately the cost of winding up, should that need ever arise. Based on the advice from ihe charity sector. Arts Care seeks to set aside reserves representing approximately six months of payroll and eslablishment cosls. Arts Care undcrtakes to review the reserves policy regularly, with a view to achieving reserves at the agreed level or lo amending the level based on the assessment at the lime of future need, risks and likelihood of serious disruption, Current level of free reserves are in excess of six months level. PrlnclpAI sources of income Our principal funders and sources of income in 2023-24 were: Strategic Planning and Perfomiance Group (SPPG)- Arts Council of Northern Ireland; the Public Health Agcncy" the five Health and Social Care Trusts throughout Northern treland; and Children in Need as detailed in the financial slatements. These funding sources have enabled Arts Caie to provid¢ the services, ¢ngage service providers, administration and managerial staff and other resources required to meet the aims and objectives which are outlined previously in this document. 21 Arts Care Limited (A company limited by guarantee) TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2024 (Continued) Financfial effect of significant events There were no Significant events that affecled ihe financial perfomiance and financial position of the charity during the year 2023-24. Rlsk factors The trustees have overall responsibility foT ensuring that the charity has in place an appropriate system of conlrols, financial and otherwise, to provide reasonable assurance that. the charity is operating efficienily and effectively; its assets are safeguarded against unauthorised use or disposition: proper records are maintained and financial infomiatioTh used wilhin the charity or for publicalion is reliable. the charity complies with relevant laws and regulations; and the charily's systems of financial control are dcsigned to provide reasonable, but not absolute assurance against material misstatement or loss. The trustees have asscssed ihe major risks to which the Charity is exposed, have been reviewed and are satisfied that systems are in place to mitigate exposure lo the major risks. Factors affectlng the financial position in future perlods The initiation of transferring primarily from central core Grant-aid funding structures lo Contractual Funding Structures continues to have ihe potcntial to significantly affect financial perfonnance in t¢rn]s of redistribution of finance across all five Flcalth and Social Care Trusl areas. Arts Care continues with negotialions wilh SPPG and the five Health and s￿la1 Car¢ Trusts to resolve this matter. Barry Macauley Company Secretary 22 Arts Care Limited (A company Ilmlted by guarantee) TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2024 (Conlinued) STATEMENT OF DIRECTORS, RESPONSIBILITIES The truste¢s, who are also the directors of Arts Care Limited for ihe purposes of company law, are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepied Accounting Practice). Company Law requires the trustees to prepare financial statemenls for each financial year which give a true and fair view of the state of affairs of the charitablc company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statemenls, Ihe trustees are r￿Uired to: • select suitable accounting policies and then apply them consistently; obs¢rve the methods and principles in the Charities SORP 2019 (FRS 102); make judgements and accounting estimates that are reasonable and prudent; • state wheiher applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial ststements, and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will conlinue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any lime the financial position of ihe charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006, Chariti¢s Act (Northern Ireland) 2008 and Charities Act (Northern Ireland) 2013 and The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015. They are also responsible for safeguarding the assets of the charilable company and hence for taking reasonable steps for the prevenlion and detection of fraud and other irregularities. DI￿]0$￿re of Information to Auditors So far as each of ihe InLSte¢s in office ai ihe dale of approval of these financial statements Is aware: there is no relevant audit infonnation of which th¢ ¢haritable company's auditors are unaware. and they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevanl audit inforniation and to establish ihat the charitable company's auditors are aware of that infonnation. Small companies, exemptlon This report has been prepared in accordance with the special provisions relating to small companies wiihin Part I S of the Companies Act 2006. 23 Arts Care Limited (A company limlted by guarantee) TRUSTEES REPORT (INCLUDIIYG DIRECTORS, REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2024 {Continued) STATEMENT OF DIRECTORS, RESPONSIBILITIES (Conlinued) Independent Audltors GMCG Belfast have indicated their willingness to remain in offic¢ and a resolution for their re-eleclion will be proposed at the forthcoming Annual General Meeting. The Trustees, Report, including the Strategic Report was approved by the Board of Truslees. Registered office: Unit 46, Connswater Shopping Centre Bloomfield Avenue Bclfast BT5 5LP Signed by Order of the Board Nevin Oliver ChaiTperson Date: 28, November 2024 cHAItTERED ACCOUNTANT5 Arts Care Limited (A company limited by guarantee) 24 INDEPLNDENT AUDITORS, REPORT TO TIIE MEMBERS OF ARTS CARE LIMITED (a Company Ilmited by guarantee) YEAR ENDED 31 MARCH 2024 Opinion We have audited the financial statements of Arts Care Limited (the '¢haritable company,) for the year ended 31 March 2024 which comprise the Stalement of Financial Activities (including income and expenditure account), th¢ Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including a summary of signiflcant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accountig Standards, including Financial Reporting Standard 102 The Financial Reporling Siandard applicable in the UK ancl Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion ihe financial statements: give a Irue and fair view of the state of ihe charitable company's affairs as at 31 March 2024, ond of its incoming resources and application of resources, including its income and expenditure, for the year then ended; have been properly prepared in accordance with Uniied Kingdom Generally Accepted Accounling Practice; and have been prepared in a¢¢ordance with the requirements of the Companies Act 2006. Basis for oplnlon We conducted our audit in accordance with International Standards on Auditing (UK)(ISAs(UK)) and applicable law. Our responsibilities under those slandards are further described in the Auditor's responsibilities for the audit of the financial statemenls scction of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audii of the financial statements in the UK, including the FRC'S Eihical Standard, and the provisions available for small entities, in the circumstances set out in note 28 to the financial slatements, and we have fulfilled our other ethical responsibilities in accordance with th￿e requirements. We believe that the audit evidence we have obtained is suificient and appropriate to provide a basis for our opinion. Alfrol H4)we 19Alfr￿ Street BT2 8EQ DX 3910 NR BELFA￿50 Dtury Hollee 40CTe8ceul Busllleu Park USBURN r28 2GN 17 M4Dd¢villeSttr*t PORTAtX)WN BT62 3PB T¢1: +44(0)28 9031 IIIJ Fax.. +44(0)28 903I 0777 Tcl: +44(0)28 9260 7355 +44(ob89260 1656 Tcl: +44(0)28 3833 2801 FaL" +44(0)?8 s815￿43 CMcGisa Rry Not41(*9660. li￿ rfDiTtttorniTr*51aE& al￿1£y¢dO1& R4ister&l to CLmdTrJctaw*tM)rktyd*Imdtu*of CharteT(4h4XOWt4nts ID lthttd Att¢ttber4JfTW.A WoT&lwwleAJlknnte•flttdtpenthDt AttouDdry Fir￿￿ www.gmc8ca. 25 Arts Care Limited (A eompany lirnlted by guarantee) INDEPENDENT AUDITORS) REPORT TO THE MEMBERS OF ARTS CARE LIMITED (a compaDy limited by guarantee) (Continued) YEAR ENDED 31 MARCH 2024 ConclusloDS relatlng to golng concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on ihe work we have performed. we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to conlinue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect lo going ¢onc¢rn are described in the relevant sections of this report. Other Information The trustees are responsible for the other infornialion. The other infonnation comprises any inforniation oiher than the financial slatements and our auditor's report thereon. Our opinion on the financial statements does not cover the other infonnation and, except to the extent otherwise explicitly stated in our report, we do not express any fomi of assurance conclusion thereon. In connection with our audit of the financial slatements, our responsibility is to read the other inforniation and, in doing so, ¢onsid¢r whether the other infonnation is materially inconsistent wilh the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misslated. If we identify such material inconsistencies or apparent material misstatements, we are required to d¢t¢rn]in¢ whether there is material misstatement in the financial statements or a material misstatement of the other infonnation. If, based on the work we have performed, we conclud¢ that there is a material mlsstatement of this other infom]ation, we are required to report that fact. We have nothing to report in this regard. Oplnlons on other matters pre$¢ribed by the Companies Aet 2006 In our opinion, based on the work undertaken in the course of the audit.. the infomiation given in the Iruslees, report (incorporating the directors, report) for the financial year for which the financial statements are prepared is consistenl with the financial statemenls; and the directors, report has be¢n pr¢pared in accordance with applicable legal requirements. 26 Arts Care Limited (A company limited by guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF ARTS CARE LIMITED (a company limited by guarantee) (Conrfn4ed) YEAR ENDED 31 MARCH 2024 Matters on whlch we are required to report by exception In the light of our knowledge and undcrstanding of the charitable company and its environment obtained in the COUTse of the audit, we have not identified material misstatements in the directors. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept, or relurns adequate for our audit have not been received from branches not visit¢d by us; or the financial stalements are not in agreement with the accounting records and returns; or ertain disclosures of directors, remuneration specified by law are not made; or we hav¢ not received all the infornvdtion and explanations we require for our audil: or the trustees were not entitled to pr¢pare the financial statements in accordance with the small companies, r¢gime and take advantage of the small companies, exemptions in preparing the directors. report and from the requirement to prepare a strategic report. Re5ponslbllitie5 of trnstees As explained more fully in the statement of directors, responsibilities set out on pages 22 and 23, the trustees (who are also the directors of the charitable company for the purpose of company law) are responsible for the pr¢paralion of the financial statements and for being satisfied that they give and true and fair view, and for such internal control as ihe trustees deterniine is necessary to enable the preparation of financial statements that are free from material misstatement, wh¢th¢r due lo fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees wither intend to liquidate the charitable company or to c¢as¢ operations, or have no realistic alternative but to do so. Audltor's responslbllities for the Audlt of the Ilnancial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole arc frec from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion, Reasonabl¢ assurance is a high level of assurancc, but is nol a guarantee that an audit conducted in accordance with ISAS (UK) will alway5 detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considved material if, individually or in the aggregate, they could reasonably be expected to infiuence the ¢conomic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagcment and the extent to which these ar¢ capable of ddecting irregularities, including fraud is detailed below: 27 Arts Care Limited (A company limited by guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF ARTS CARE LIMITED (a ¢ompAny Ilmlted by guarantee) (Conlinued) YEAR ENDED 31 MARCH 2024 ExteDt to which the audit was considered capable of deteeting irregularities, includlng frsud We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or e￿Or, and then design and perfonn the audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion. In identifying and assessing risks of material misstat¢m¢nt in r¢5pect of irregularities, including fraud and non40mpliance with laws and regulations, we considered ihe following: The nature of the industry and sector, control environment and charity's financial results and position- Results of our enquiries of management about iheir own identification and assessment of the risks of irregularities: Any matters we identified having obtained and reviewed the Charity's documentation of their policies and procedures relating to: Idcnlifying, evaluating and complying wilh laws and regulations and whelher they were aware of any instances of non-compliance. Detecting and responding to ihe risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud. and The internal conirols established to mitigat¢ risks of fraud or non-compliance with laws and regulations; The matters discussed among the audit engagement team regarding how and where fraud might occur in thc financial statements and potential indicators of fraud. As a result of ihese procedures, we considered that the particular areas in the financial statements that w¢r¢ susc¢ptibl¢ to misstatement were related to management bias in accounting estimates and judgements; recognition, classification and complcleness of income. In common with all audits under ISA5 (UK). we are also required to perforni specific procedures to respond to the risk of management override. We also obtained an understanding of the legal and regulatory frameworks that the Charity operates in, focusing on provisions of those laws and T¢gulations that had a direct cffcct on the deterniination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included Charity legislation applicable to Northern Ireland, Charity's governing document, employment law, health and safety and tax legislation. In addition, we considered provisions of other laws and regulalions that do not have a direct effect on the financial statemcnts but compliance with which may be fundamenlal to the Charity's ability to operate or to avotd a material penalty. 28 Arts Care Limited (A company limited by guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF ARTS CARE LIMITED (a company limlted by guarantee) (Condnmed) YEAR ENDED 31 MARCH 2024 Audit response to rlsks identified Our procedures lo respond to risks identified include the following: Reviewing ihe financial statcments disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial slatements; Enquiring of management concerning actual and pot¢ntial liligation and claims; Perfonning analytical p￿￿edureS to identify any unusual or unexpected relalionships that may indicate risk of material misstatements due to fraud. Reading minutes of meetings of those charged with governance. Obtaining an understanding of provisions and holding discussions with management lo understand the basis of recognilion. and In addressing the risk of fraud through management override of controls, testing ihe appropriateness of journal entries and oiher adjustments including those relating to revenue recognition; assessing whether the judgements made in making accounting estimat¢$ are indicative of potential bias. and evaluating ihe ralionale of any significant transactions that are large. unusual or outside the nornial Course of the charity's activities, We also communicated relevant identified laws and regulations and potential fraud risks to all engagement teams members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout th¢ audit. Owing to the inherent limitations of an audit, there is an unavoidable risk thai we may noi have detcctcd some malerial misstatement in the financial statements even though we have properly planned and perfornied our audit in accordance with auditing standards. In addition, as with any audit, there remains a higher risk of non-detection of irre8ularilies, as they may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to ddect non-compliance with all laws and regulations. A further description of our responsibilities is available on the Financial Reporting Council's website at htt :Ilwww.frc.or .uklauditorsres nsibilities. This description fom]s part of our auditor's report. 29 Arts Care Limited (A company limited by guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF ARTS CARE LIMITED (a company Ilmited by guarantee) (Conlinued) YEAR EIYDED 31 MARCH 2024 Use of our report This report is made solely to the Charitable company's members, as a body, in accordance wilh Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other pu￿OSe. To the fullest extent pennitted by law, we do not accept or assume responsibilily to anyone other than the Charitable company and the charitable company's members as a body, for our audit work. for this report, or for the opinions we have fonned. Nigel Moore FCA (Senior Statutory Audltor) for and on behalf of GMCG Belfast Chartered Accountants Statutory Auditor Chartered Accountants & Stalutory Audilor Alfred Hous¢ 19 Alfred Str¢et Bclfast BT2 8EQ Dated:28 ' November 2024 30 ARTS CARE LIMITED (A Company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Funds Restricted Funds Total 2024 Total 2023 Nole Income from: Donations and legacies Charitable activities Investments 82,780 121,001 1,832 205,613 82,780 670,397 1,832 755,009 80,742 664,218 771 549,396 TotAI Income 549,396 745,73) Expendlture oll: Charitable activities (172,245) (172,245) (703,838) (703,838) (876,083) (876,083) (777,215) (777,215) Total expenditure Net Ineome l{expenditure) 33,368 (154,442) (121,074) (31,484) Tran$fer betweeo fund$ 29 (97,546) (64.178} 97,546 {56,896j Net movement In funds (121,074) (31,484) Reconciliation of funds: Total fvnds brought forward Tolal fund5 carried forward 394,986 60,003 3,107 454,989 333,915 486,473 330.808 454,989 All income and expendilure derive from continuing activities. The statement of financial activities includes all gains and losses recognised during the year, 31 ARTS CARE LIMITED (A company limited by guarantee) BALANCE SHEET YEAR ENDED 31 MARCH 2024 2024 2023 Note Flxed Assets Tangible assets 13 22,800 11.816 Current Assets Debtors Cash at bank and in hand 14 231,772 187,053 168,004 370,024 418,825 (107,710) 311,115 538,028 Creditors: amounts falling due within one year Net current asset8 15 (94,855) 443,173 Net assets 22 333,915 454,989 Charlty Funds Restricted funds Unrestricted funds 19120 19 3,107 330,808 333,915 60,003 394,986 Total charity funds 454,989 These financial slatements have been prepard in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements on pages 30 to 50 were approved and auihorised for issue by the Board of Directors on 28th November 2024 and were signed on behalf of the Board of Directors by: Mr N Oliver Trustee Date:28 November 2024 The notes on pages 33 to 50 fom] part of these financial statements. Company Registration Number: Nt 058264 32 ARTS CARE LIMITED (A company limited by guarantee) STATEMENT OF CASH FLOWS YEAR ENDED 31 MARCH 2024 2024 2023 Note Ca$h flow from operitlng Actlvldes Net cash flow from operating Actlvltfies Casb flow from Investing activities Interest from investments Paymenls to acquire tangible f￿ed assets Net cash flow from investlng actlvities 23 (166,728) (555,872) (555,872) (166,728) 1,832 (18,096) (16,264) 771 (4,965) (4.194) Net decrease In cash and ¢a$h equlv&lents (182,992) (560,066) Casb and cash equlvalents at l Aprll 2023 Cash and casb equlv2lentS At 31 Mvdreh 2024 370,024 187,032 930,090 370,024 Cash and cash equivalents conslst of- Cash at bank and in hand Bank overdraft 187,053 (21) 187,032 370,024 Cash and Cash equlvaleDts at 31 M4r¢b 2024 370,024 33 Arts Care Limited (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 Prlnclpal aceountlng polScfie$ General inforniation and basis of preparfitio Arts Care Limited is a private company limited by guarantee and not having a share capital and is rcgistcrcd in Northern Ireland. The address of the registered office is given in the charity inforn]ation on page l of these financial statements. The nature of the charily's operations and principal activities are given on page 3 and in detail within the Trustees, Report. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. The charitable company constitutes a public benefit entity as defined by FRS 102. Statement of compllanee The financial statements have been prepared in accordance with the accounting poli¢i¢s set out in the notes to the financial statements, the Charities Act (Northern Ireland) 2008, Charities Act (Northern Ireland) 2013, The Charilics (Accounls and Reports) Regulations (Northern Ireland) 2015, Companies Act 2006 and Accounting and Reporting by Charities: Statement of R¢commended Praclice applicable to eharities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019. The financial statements are prepared on a going concern basis under the historical cost convention. The financial stalements are presented in sterling which is the functional currcncy of the charity and rounded to the nearest £1. The significant accounting policies applied in the preparalion of these financial statements are set out below. These policies have been consistently applied to all years p￿sented unless oiherwise stated, Fund fiecountlng The chariiy has various types of funds for which it is responsible and which require separate disclosure. A der￿lI10n of the various types of fill)ds is as follows: Unrestricted funds Funds which are expendable al the discretion of the Irustees in furtherance of its ObJ￿I1VeS unless the fimds have been designated for other purposes. Restricted funds Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of thc rcstrictcd funds are set out in thc notes to the financial statements. Income and expendilure which meets these criteria is credited and charged respectively to the fund. together with a fair allocation of overheads and support costs. 34 Arts Care Limited (A company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS (ConliAuedJ YEAR ENDED 31 MARCH 2024 PrlnclpAI aceounting policles (Continued) IDeome reeognitlon All incoming resources are included in the Statemenl of Financial Activities (SOFA) when thc charity is legally entitl￿ to the income after any perforniance conditions have been met, the amount Can be measured reliably and it is probable that the income will be received. Foi donations lo be recognised the charity will have b¢¢n notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until ihose conditions are fully met or the fulfilment of those conditions 15 Wlthin the control of the charity and it is probable that they will be fulfill¢d. For legacies, entitlement is the earlier of the chariiy being notifi¢d of an impending distribution or the legacy being receivcd. At this point income is recognised. On occasion legacies will be notified to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed. Income from government and oiher grants ar¢ r¢cognised at fair value when the charity has entitl¢m¢nt after any perfornianc¢ conditions have been met, it is probable that the income will be received and the amount can b¢ measured reliably. If entitlement is nol met then thes¢ amounts are deferred. Revenue grants are credited to incoming resources on the earlier date of when they are received or when ihey are receivable, unless they relate to a specified future period. Grants which contribute towards specific expenditure on fixed assds ar¢ Credited io ihe Statement of Financial Activities in full upon receipt. Inveslment income is interesl earned through holding cash at bank and is recognised when receivable. Other income represents income that cannot be rqx)rted under the other analysis headings provided within the SOFA. Deferred Income Income from certain donors has been deferred as the incom¢ r¢lat¢s to a specified fuiure period that will not occur until after the year end. Accrued Income Income r￿ciV&bIe from certain donors has been accrued as the income relates to the cu￿ent financial period. 35 Arts Care Limited {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (CoAtinued) YEAR ENDED 31 MARCH 2024 Principal accounting policies (Continued) ExpeDditure recogDltion All expenditure is accounted for on arA accruals basis and has been classified under headings that aggrcgate all cosls rclaied to the category. Expenditure is recognised where ihcre is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is calegorised under the following headings: All expenditure is accounled lor on an accruals basis and has been classified under headings that aggregate all cosls related to the category. Exp¢nditur¢ is recognised where lh¢￿ is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be mcasured reliably. It is categorised under the following headings: • Costs of raising funds comprises costs incurred in generating voluntary income and includes event costs, salary costs, staff costs and an apportionment of support costs. • Expenditure on charitable aetivilies comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries and includes salary costs, support service expenses and an apportionment of support costs; • Other expendilure represents those items not falling into ihe categories above. Support costs allocation Support Costs are those that assist the work of ihe charity but do not directly represenl charitable activities and include office costs, finance costs, governance cosls and administralive payroll ¢osts. They are incurred dir￿tlY in support of exp¢nditwe on the objects of the charity. Where support costs cannot be direcily atlributed to particular headings ihey have been allocated to expenditure on charitable activities on a basis consistent with use of the resources. The analysis of ihese costs is included in note 6. Employee benefits When employees have rendered service to the charity* short-term employ¢c bcncfits to which the employees are entiiled are recognised at the undiscounted amount expected to be paid in exchange for that service. The cost of any unused holiday enlitlement is recognised in the period in which the employee. services are received. Tennination payments are recognised imm¢diat¢ly as an expense when the charity is dcmonstrably committcd to tcrniinate the employment of an employee or to provide temiination benefits. The charity operates a defined contribulion retirement pension scheme for the benefit of its employees. Contributions are charged to the Statement of Financial Activities as they become payable. 36 Arts Care Limited (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (Conrfnmed) YEAR ENDED31 MARCH 2024 Principal Accounting policies (Continued) TaDgible fixed assets and depreciation The cost of tangible fixed assets is their purchase cost, together with any incidental costs of acquisition. Depreciation is calculated so as to write off the cost of tangible fixed assets, less their estimated residual values, on a straight line basis over the expected useful economic lives of the assets concerned. The principal annual rates used are as follows: Office equipmenl Art work 25 % strnight line not depreciated Where the recoverable amount of a fixed assel is found io be below its net book value, the asset is wrillen down to the recoverable figure and the loss on impairnienl Is recognised in the SOFA. Impllrment of fixed assets At each reporting end date, the charity reviews the carying amounts of its tangible assets to detennine whether there is any indication that those assets have suffered an impairn)ent loss. If any such indication exists, the recoverable amount of ihe asset is estimat¢d in order to ddennine the extent of the impairn]¢nt loss {if any). Recoverable amount is the higher of fair value less cosls to sell and value in use, In ass¢ssing value in use, the estimated ￿tUre cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which Ihe estimates of futur¢ cash flows have not been adjusted. If ihe recoverable amount of an asset is estimated to be less than its Carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairnient loss is recognised immedialely in incomel(expenditure) for the year, unless the relevant asset is carried at a revalued amount, in which case the impairnient loss is treated as a revaluation de¢￿a$¢. Debtors and creditor$ recelvable I payable within one year Ikbtors and creditors with no stated interest rate and r￿e1Vable or payable within one year are recorded at transaction price. Any losses arising from impairnient are recognised in expenditure. Cash And crdsb equivalents Cash and cash equivalents in the slatement of cash flows comprise cash on hand and demand deposits held at call with banks and nornially have a maturily datc 013 months or less from the date of acquisition. Leases Rentals payable under op¢rating leases are charged to the SOFA on a slraight line basis over the period of the lease. 37 Arts Care Limited (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (Conlinued) YEAR ENDED 31 MARCH 2024 Prineipal accountlng pollcies (Continued) Tax As a charity, the company benefits from various exemplions afforded by tax legislation. It is thercfore not liable to cory)oration tax on income or gains falling due within ihose exemptions. Recovery is made of lax deducted from receipts under gitl aid or deeds of covenant and is rccognised at the time of the donation. Going coDcerD The financial slatements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trnslees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these finan¢ial statements. The budgeted income and expenditur¢ 15 sufficient with the level of reserves for the charity lo be able to continue as a going concern for the foreseeable fuiure. Fiaancial instruments The charity has elecled to apply the provisions of Section I I "Basic Financial Instruments" and Section 12 "Other Financial Instruments Issues" of FRS 102 to all of its financial instruments. Financial instruments ar¢ recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of ihe instrument. Financial assets and liabilities are offset, with the net amounts presenled in the financial statements, when th¢r¢ is a legally enf0￿Cabl¢ right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basiefinaneial assets Basic financial assets. which include debtors and cash and bank balances. are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost Using the effective interesl method. Financial assets classified as receivable within one year are not amortised. Basieflnanelal Ilabllitles Basic financial liabilities, including creditors are initially recognised at transaction price. Financial liabilities classifi¢d as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the etTective interest rate method. Trade creditors are obligations lo pay for goods or services thai have been acquired in the ordinary course of opcrations from supplicts. Amounts payablc arc classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities, Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. 38 Arts Care Limited (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS {Conlinued) YEAR ENDED 31 MARCH 2024 PrinclpAI accounting policies (Continued) Judgements And key sources of estimatioD un¢ertalDty The following judgements including those involving estimates have been made in the process of applying the above accounling policies that have had the most significanl effect on the amounls recognised in the financial statements and that have a significant risk of causing a material adjustment lo the carrying amounts of asscts and liabililies within the next financial y¢ar: (i) depreciation method and asset use￿1 lives (li) basis of allocation of support costs The estimates and assumptions ar¢ reviewed on an ongoing basis considering the current and future market conditions. Income from dollations and legacle5 Total Funds Unrestricted 2024 Funds Total Funds 2023 Unrestrlcted Restricted Funds Funds Restricted Funds Donations and gifts Grants: Arts Council for Northem Ireland 2,238 2,238 200 200 80,542 82,780 80,542 82,780 80,542 80,542 80,742 80,742 Income from charltable activities Unrestrlcted Restrlcted Total Funds Unrestricted R¢stricied Total Funds Funds Funds 2024 Funds Funds 2023 P¢rforniance related grants Perforniance services Other 549J96 549J96 648,218 648,218 104,101 16,900 121,001 104,101 16,900 670J97 16.000 16,000 549,396 l6,000 648,218 664,218 39 Arts Care Limiited (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (CottrtiAued) YEAR ENDED 31 MARCH 2024 3. lllcome from charitable actlvities (Continued) Analysed by ebaritable activlty NI Artlsts In Clown Hett and Resldemce Doctors Now Twlllght N4tlon*l Future Lottery Screens Total 2024 O¢h¢r PerformAnce relAted SPPG TNsts PHA Childr¢n In Nced National Lottery Fuiure Screens 121,250 JO,000 139,063 90,750 242,1100 139,063 105,501 23.300 1&407 21,125 7&448 29,053 18200 5,100 18,407 21,125 278,513 35,100 76,448 29.053 18,407 21,125 90,750 104,101 16,90D 549,396 AO4101 I￿900 Soci81 Business Income Oiher 278,513 3S,100 71448 29,053 1&407 21,125 211,751 670,397 An*ly•lJ by fund Unresiri¢ted funds Resiri¢t¢d funds 121,1101 90,750 121,001 549,396 27V13 3SIOO 76,448 29,053 18,407 21,12S 278J13 33,100 7A448 291153 1&407 21,125 211,731 670.397 Nl Artisis in Clown Here and Residence Doctors Now Twilight N¥iional Fulure Loiiery Screens Total 2023 Other Perfomance related granis SPPG 180,671 35,887 156,074 4.100 6,766 1.358 17,318 80253 242.000 240,427 102.144 23,800 39,847 Trus15 PHA Children In Need Other 73230 28,914 23.8 34,147 5.700 336,745 45,687 79,996 30,272 155,518 16,0 648,218 16,000 Oiher 336,745 45,687 79.996 30.272 171,518 664,218 Analysis by fund Unrestrided funds Restricted funds 16,0(Kl 155.518 16,0 648.218 336.745 45.687 79.996 30,272 336,745 45,687 79,996 30.272 171518 664,218 40 Arts Care Limited (A company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (Continuedj YEAR ENDED 31 MARCH 2024 4. Income from Investments UnreJtrl¢led Funds Restricted Total Funds Unrestricted Funds 2024 Funds Restricled Total Funds Funds 2023 Interest-deposils 1,832 1032 771 771 1,832 1,832 771 771 5. Expendlture on ¢harltable actlvitie8 Artlst$ In Nl Clown Reslden¢e Do¢tors Here Now Natlon41 l.o¢tery Future Screens Total 2024 Twlllght Oiher Dlr¢ct costs Artists Clown Doctors Project cost5 2J3,788 51445 21,639 9,725 22,229 124414 322,597 72,324 25S171 50.095 2,854 31,217 47.794 8801 15aOO 22,791 265,005 102,517 52,949 12.920 A04.239 28,139 31,44 111,694 IsJoo 22,791 158J08 71,721 650,092 22S991 Support eoi¢$ 367,512 65,869 132,378 42,134 IsJoo 22,791 230,089 87fj083 Analyill by fund L'nrestricled funds Reslricled fund$ 171245 57,844 172,245 703038 367.522 65069 132J78 42,134 IsJ(NJ 22,791 367,522 65J69 132J78 42,134 1sJo 22.791 230,089 876,083 Artisis in Nl Clown Residen¢¢ t)o¢tors H¢r¢ and Now National L￿tery Future Screens Totsl 2023 Twilight Other Direct costs Artists Clown Do¢lors Project Costs 288.049 288,649 35.330 152.687 35J30 40,605 8,152 103.930 288,649 99,477 35.330 13.496 40.005 23.631 8,152 8.943 103,930 155,002 476.666 300,549 Support costs 388,126 48,826 64,236 17.095 258,932 777,215 Analysis by fund Unr¢stricied funds Restrictd funds 109,061 149.871 109.061 668,154 388,126 48.826 64,236 17.095 388,126 48,826 64,236 17,095 258,932 777,215 41 Arts Care Limited (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (Continued) YEAR ENDED 31 MARCH 2024 Allocation of support costs to charitable activltles BASIS of AIIo¢Atlon Nl Artls¢s I Clown Here and R¢sldeThe¢ Do¢tors Now Twlll8ht NAtloThal Future Lottery Screens Total 2024 Oth¢r Governance costs Time spent Staff ￿St5 Time spent Depreciation Time spent Rcnl and rates Timc.spent Office cosrs Time spent Prornotion5 Time spent Motor &nd travel Time spent Bank charges Time spent Adminisir4tion support Time 5pcnl Sundry Time spent 3,037 50,155 3,225 8.142 18,937 383 6J21 834 13,767 317 S,232 337 2,115 0,090 35,089 11(1,564 2,257 7,111 5.696 17.948 13,249 4J,746 1,026 2J87 2,235 5.198 1.975 3.187 80 15,026 728 401 io 1,894 91 874 22 4,123 200 332 2.229 56 10,512 508 7,023 176 33,122 1,604 I￿67 77 102,517 12.920 28.139 10.094 71,721 225,991 £187,673 of supwrt C0515 wcre allributable to restricted funds and £38,318 of 5UPPOrt ¢osls were allributable lo unresrricled fvnds. Basis of Artists in Nl Clown Here and Twilight National Future allocation R￿idenCe Doctors Now Loiiery Screens Toial 2023 Other Governanoe cosis Time spent Siaff costs Time spent Depreciation Time spent Rent and rates Time spent Office ¢osis Time sp¢nl Promoiions Time sp¢nt Molor and travel Timc spcnl Bank char8¢8 Time spent Administration supw)rt Time spent Sundry Time spent 10,485 38,591 3,577 9,125 16,740 710 1,921 67 15,668 2.593 1,422 5,236 485 1,238 2,271 2,491 942 9,167 3,469 850 322 2.168 820 3,977 1,505 169 64 456 173 16 3,722 615 7.848 23,188 109.427 165,890 2,677 7.911 6.830 20.181 12.529 37,022 531 1,570 1.437 4,248 50 148 11.727 34,651 1.946 5,740 261 2.126 352 1.408 234 99,477 13,496 23,631 8,943 155.002 300,549 £191,488 of support cosi$ were 8ttril>utabl¢ to restric1￿ funds and £109.061 of support costs were aitribuiable io unrestricted funds. 42 Arts Care Limited (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS ICoAtiAued) YEAR ENDED 31 MARCH 2024 GoverDaDce Costs 2024 2023 Note Auditor's remuneration {including cxpcnscs and benefits in kind) Accountancy Trustee remuneration Trustee expenses Legal and profcssional fees 4,750 950 3,250 650 10 10 996 19,288 6,696 23.188 Net expendlture for the yeir 2024 2023 Net expenditure for the year Is stated After charging SlatT pension contributions Fees payable to the company's audilor for audit of the euffent year's accounts Deprecsation of tangible fixed assets - ownd assets Operating lease payments 8,849 4,750 7,112 16,500 3,412 3,250 7,911 18,000 Auditor's remuneratlon The auditor's remunerdtion amounts to an audit fee of £4,750 (2023: £3.250) and other services of £950 (2023: £650). 10. Dlrectors, and key mAnagement personnel remuneratlOD and expenses The total amount of remuneration and benefits received by key management in the year was £62,896 (2023: £56,991). The charity Considers its key management personnel comprise the Board or Directors and senior management. During ihe year, the directors neither received nor waived any remuneration: nor accrued any pension arrangemenls and were not reimbursed expcnses (2023: £Nil)- I l. Staff costs and employee benefits The average monthly number of employees during the year was as follows: 2024 Number 2023 Number Directors Administration 11 10 18 15 43 Arts Care Limited (A conjpany limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS {CoAilnued) YEAR ENDED 31 MARCH 2024 I l. Staff costs and employee benefits (Conlinued) The total staff costs and employees, benefits was as follows.. 2024 2023 Wages and salaries Social security Defined contribution pension costs 191,460 13,498 8,849 148,153 14,325 3,412 213,807 165,890 Staff Cost8 are alloeated as follows: 2024 2023 Allocated to: Charitable activilies: Artists in Residence Nl Clown Doctors Herc and Now Twilight National Lottery Future Screens Other 50,ISS 6,321 13,767 5,232 38,591 5,236 9,167 3,469 22,791 115,541 213,807 109,427 165,890 One employee received total ¢mploye¢ benefits (excluding employer pension costs) of more ihan £60,000, in the band £60,0￿ to £70,000. 12. Taxation The charity is registered with HM Revenue & Customs, and as such is entitled to certain tax exemptions on income and profits from investments. and surpluses on any irading activities carried out in th¢ furtherance of the charity's primary objectives, if th¢se profits and surpluses are applied solely for charitable purposes. Arts Care Limited (A compAny Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS (Continued) YEAR ENDED 31 MARCH 2024 13. Tangible fixed a$sets OITi¢e Artwork equlpment Total Cost At l April 2023 Additions 450 56.504 18,096 74,600 56,954 18,096 At 31 March 2024 450 75,050 Accumulgted depreciation At l April 2023 Charge for the year 45.138 7,112 45,138 7,112 At 31 Mrdrch 2024 52,250 52,250 Net book amount At 31 March 2024 450 22JSO 22.800 At 31 March 2023 450 11,366 11,816 14. Debtor8 2024 2023 Trad¢ debtors Other debtors PrepayTnents and accrued income 222,607 161,942 lis 5,947 9,16S 231,772 168,004 15. Credltors: amounts falllng due within one year 2024 2023 Bank overdrafts Trad¢ credilors Accruals Tax and social security Other creditors Deferred income 21 74,426 4,800 2,782 3,251 22.430 90,955 3.900 107,710 94,855 45 Arts Care Limited (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (Conlinmed) YEAR ENDED 31 MARCH 2024 l& Deferred fincome Under l year Total At l April 2023 Additions during the year Released to Statement of Financial Activities 22.430 22,430 At 31 March 2024 22,430 22,430 Under l year Total At l April 2022 Released to Statement of Financial Activities 23,300 23,300 (23,300) (23,300) At 31 March 2023 Income from Social Development Business was deferred at 31 March 2024 as it related to income for ihe n¢xt financial year. 17. Contingent liability The charitable company has a contingeni liability to repay grants received if the company fails to comply with ccrtain conditions stipulated in the letter of offer and tenns and conditions of contract under which the grants were paid, The directors do not expect any claims to b¢ made in Ihis respect. 18. PensioD The charitable company operates a defined contribution scheme for its employees, The assets of the s¢heme are held separately from those of the company in an independently administered fund. The pension cost charge represents conlributions payable by the ¢ompany to the fund and amounlcd to £8,849 (2023: £3.412). Thc amount of pension costs accrued at the year end amounted to £1,326 (2023: £Nil). Arts Care Limited (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (Conlinued) YEAR ENDED 31 MARCH 2024 19. Fund recollciliation Unrestricted funds BalaDce at l April 2023 Balance at 31 Mareh 2024 Income Expenditure Transfers Unrestricted 394,986 205,613 (172,245) (97,546) (97,546) 330,808 394,986 205,613 (172,245) 330,808 Balance at l April 2022 Balance at 31 March 2023 Income Expenditure Transfers Unr¢stricied 403,166 97,513 (109,061) (109,061) 3.368 394,986 403,166 97,513 3.368 394,986 Restrlcted funds Balance At l Aprll 2023 Balance at 31 March 2024 Income Expenditure Transfers Restricted 60,003 549,396 (703,838) (703,838) 97,546 3,107 60,003 549,396 97,546 3,107 Balance at l April 2022 Balance at 31 March 2023 Income Expenditure Transfers Restrict¢d 83,307 648.218 (668,154) (3,368) 60,003 83.307 648,218 (668.154) (3,368) 60,003 47 Arts Care Limited (A eompany Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS (Continued) YEAR ENDED 31 MARCH 2024 20. Restrlcted funds Balance at l April 2023 Balance at 31 March 2024 Movement In funds Incoming Outgoing Transfer Artists in Residence Nl Clown Doctors Here and Now Twlllght Natlonal Lottery Future Screens Other 5,663 10,620 14,090 278,S13 35,100 76,448 29,053 18,407 21,125 90,750 549J96 (367,522) (65,869) (132,378) (42,134) (15,300) (22,791) (57,844) (703,838) 83,346 20,149 41,840 13,081 3,107 1,666 (62,536) 97,$46 29,630 60,003 3,107 Balance at l April 2022 Balance at 31 March 2023 Movement in funds Incoming Outgoing Transfer knists in Residence Nl Clown Doctors Here and Now Twilight Other Queens Schcjoj of Medicine Other 336.745 45,687 79,996 30.272 (388,126) (48,826) (64,236) (17,095) 57,044 13,759 (20,710) (28,094) 5,663 10,620 14,090 19,040 14,917 3,376 152,142 648,218 (3,376) (21,991) (3,368) 49,350 (149,871) (668,154) 29,630 83,307 60,003 48 Arts Care Limited (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (Conlinued) YEAR ENDED 31 MARCH 2024 21. Fund descrlptions a) Unrestricted funds Funds which are expendable at the discretion of the Charity in furthrnce of its objectives. In addition to expenditure on activities such funds may be held in order to ruw￿¢ capital investment and working capital. b) Designated funds The Irustees have not designated any funds to be allocated towards sp￿Lfie puLy)ses (2023: £Nil). c) Restri¢t¢d funds R￿tricIed funds are lo be used for specified purposes as laid down by the donor. Expenditure which meets th¢se criteria is charg¢d to the fund. 22. Analysis of net Assets between funds Unrestricted Restricted funds funds Total 2024 Fixed assets Net current assets 22,800 308,008 22,800 311,115 3,107 Total 330,808 3,107 333,915 Unrestricted funds Restricted funds Total 2023 Fixed assets Net current assets 11,816 383,170 11,816 443.173 60,003 Total 394,986 60,003 454,989 49 Arts Care Limited (A company limlted by guarantee) NOTES TO THE FIIYANCL4L STATEMENTS (Conlinued) YEAR ENDED 31 MARCH 2024 23. Reconciliation of net expenditure to net cash flow from operaling activities 2024 2023 Net expenditure for year (121,074) (31,484) Depreciation and impairment of iangible fixed assets Interest from investments (Increase)/Decrease in debtors Increas&(Decrease) in creditors Net cash flow from operating activities 7,112 (1,832) (63,768) 12,834 {166,728) 7,911 (771) 8,943 (540,471) (555,872) 24. Fin8Dcifil commitment No contracts had been placed for future capital expenditure at the balance sheet date. 25. OperAtlng leases - lessee Total fvture minimum lease payments under non-cancellable operating leases ar¢ as follows: 2024 2023 Not later than one year Between one and five years 400 18,000 1,500 400 19,500 26. Liability of member$ Arts Care Limited is a company limited by guarantee and does not have a share capital. It is governed by a Memorandum and Articles of Association and the liability of members is limited io an amount not exceeding £1. 27. Ultlmate controlllng prdrty There is no ultimate controlling party. 28. Ethical Standards In common with many other organisations of our size and nature, we use our auditors to prepare and assist in the preparation of the financial statements. 50 Arts Care Limited (A company Ilmited by guarantee) NOTES TO THE FIIYANCL4L STATEMENTS (Continued) YEAR ENDED 31 MARCH 2024 29. Transfers Funds are transfe￿ed from unrestricted funds to restricted funds to cover shortfalls in r¢stricted funding. The charity tenders for projects where a fixed price is agreed and for those where conditions ar¢ placed on the funding, the project is included in restricted funds. Once the conditions have been met the restriction c¢as¢s and any surpluses made are transferred from restricted funds to unrestricted funds. 30. Related party tran$a¢tlons Directors and key management personnel remuneration and expenses are disclosed in note 10 in the notes to the financial statements. During the year £1.760 (2023.. £Nil) was paid to Mr S Macauley, the son of the company's Chief Execulive officer, Mr B Macauley, in relation to Artists Fees. Mr S Macauley was engaged by the Head of Communications to do videography and editing of reels at Arts Workshops. This was declared to and approved by Office Holders.