OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-03-31-accounts

Charity registration number NIC108903

Company registration number NI058264 (Northern Ireland)

ARTS CARE LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

ARTS CARE LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees N A Boyle (Appointed 10 December 2024)
G N D Adams
Dr T D Wyatt
N Oliver
S McGookin
B McGeown (Appointed 10 December 2024)
J Greene
D E Galloway (Appointed 10 December 2024)
D Cochrane
R Cassidy Taylor
Secretary B Macaulay
Charity number NIC108903
Company number NI058264
Registered office Unit 1, Ground Floor
Belmont Office Park
232-240 Belmont Road
Belfast
BT4 2AW
Auditor GMcG BELFAST
Chartered Accountants & Statutory Auditor
Alfred House
19 Alfred Street
Belfast
BT2 8EQ
Bankers Danske Bank
Donegall Square West
Belfast
BT1 6JS
Bank of Ireland
4-8 High Street
Belfast
BT1 2BA
Solicitors Edwards & Co
3rd Floor
Sessia House
61-67 Donegal Street
Belfast
BT1 2QH

ARTS CARE LIMITED

CONTENTS

Page
Trustees' report 1 - 11
Independent auditor's report 12 - 17
Statement of financial activities 18
Balance sheet 19
Statement of cash flows 20
Notes to the financial statements 21 - 37

ARTS CARE LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their report and the audited financial statements of the company for the year ended 31 March 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.

The financial statements have been prepared in accordance with the accounting policies set out in the notes to the financial statements and comply with the charity’s governing document, the Charities Act (Northern Ireland) 2008, Charities Act (Northern Ireland) 2013, The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015, Companies Act 2006 and Accounting and Reporting by Charities: 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 published in October 2019.

Objectives and activities

Principal Activities

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 the benefit 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.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

ARTS CARE LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Chairman’s Report

It is with a great sense of pride and gratitude that I present this report on behalf of the Board of Arts Care for the year 2024/25.

This has been a year of renewal – but also significant challenge - as Arts Care continued to bring the power of the arts to health and social care settings across Northern Ireland.

The difficult financial climate faced by our statutory partners in 2023/24 continued to present significant challenges to Arts Care in 2024/25. This had a significant impact on the flow of income into the organisation and presented unnecessary uncertainty and stress to our staff and artists.

The flexibility, innovation and commitment to Arts Care shown by our Chief Executive and his Senior Team have been vital to ensuring the ongoing viability of the organisation and in maintaining our position as the leading organisation in Arts in Health in Northern Ireland.

Arts Care’s mission—to improve personal health and wellbeing through the arts - has never been more relevant. Throughout 2024/25, our artists and staff delivered hundreds of workshops, exhibitions, and participatory arts projects across hospitals, care homes, and community venues. Whether through music, dance, storytelling, or visual art, these moments of creativity brought comfort, joy and reflection to people of all ages and backgrounds.

None of this would have been possible without the dedication and passion of our Arts Care staff, artists, volunteers, and Board members. Their energy and resilience are inspirational. I would particularly like to acknowledge our Chief Executive, Barry Macaulay, and his Senior Team, whose leadership and vision have guided Arts Care through another trying, but very successful, year. I also offer our heartfelt thanks to our funders and partners, whose invaluable support enables us to continue making art accessible to everyone, regardless of circumstance.

As we move into 2025/26, Arts Care remains committed to expanding our reach, deepening our impact, and ensuring that creativity remains at the heart of wellbeing in Northern Ireland. We will continue to advocate for the essential role of the arts within health and social care, building on our strong foundations to shape a future where creativity is recognised as a vital part of every person’s journey to good health.

My thanks are due to the Board who give so generously of their time and insights. We are excited about the opportunities presented as we enter a new Strategy period for Arts Care. The Board and I are passionate about ensuring Arts Care’s place, as the leading organisation, bridging the arts and health and social care sectors in Northern Ireland. Arts Care NI will continue to ensure that innovation, inclusion and creativity are placed at the core of how we support the physical, emotional and social wellbeing of people across this region.

I am immensely proud of what has been achieved in 2024/25 and I look forward with confidence to the years ahead.

Dr Gavin Adams

Chairperson

ARTS CARE LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Objectives and Activities

Purpose

Arts Care is an arts, health and well-being charity delivering services throughout NI. Our Mission is ‘improving personal health and wellbeing through the Arts. We deliver a wide range of innovative and impactful participatory arts projects, events, performances, and exhibitions in all five NI Health and Social Care Trusts. We aim to provide opportunities for service users, healthcare staff and visitors to participate in a variety of high-quality arts workshops, performances and events within health and community care settings. In doing this, we seek to transform clinical environments into creative spaces valued by those who use them.

Activities and Programmes

Arts Care offers the following Programmes with the intention to significantly grow our Social Enterprise activity during the current strategy period 2023-26:

Across the two Programmes we offer the following five key products/services:

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; dementia services; mental health services; cancer care services; hospices; learning and disability services; looked after children and young people’s services; and increasingly within community-based services including Councils.

Our key Statutory Partners and funders are the Department of Health (SPPG), the five HSC Trusts, the Public Health Agency and Arts Council NI.

This promotional reel provides an animated summary of the above service offers.

https://www.artscare.co.uk/the-services-we-offer

ARTS CARE LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Strategic report

The description under the headings "Achievements and performance" and "Financial review" meet the company law requirements for the trustees to present a strategic report.

Achievements and performance

The following table shows the significant reach we achieved through our Core Programmes and Projects in 202425. Delivered in 172 Locations.

Number
of
Sessions		 Number
of
Participants
AiR Programme All Trusts 2,301 13,844
Clown Doctors 123 1,168
Here and Now 81 1,270
Twilight 44 202
Children in Need 60 514
Social Enterprise Projects 114 1,792
Grand Total 2,723 18,790

Commissioned Artist in Residence and Clown Doctor Programme

There has continued to be a focus on improving mental health and well-being of service users and also staff. Commissioners continue to engage, seek out and see the benefits of creative health for their service users and staff, embracing it on the wards and in different venues that might not have been open to it previously. This has included environmental transformations in a number of facilities to improve and enrich the clinical environments through art works co designed and produced by staff and service users.

The Clown Doctors expanded this year into all Trusts having previously only been in Belfast and South Eastern Trust.

Key outcomes and themes for the year 2024-25 were as follows:

ARTS CARE LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance (continued)

Arts Care involves the service users, staff and families in the planning, delivery and evaluation of the art workshops through a number of methods:

Arts Care CEO and the Head of Operations worked closely throughout the year with the designated Arts in Health Leads in the Trusts to ensure the Programme delivered the desired outcomes for Service Users and Healthcare Staff.

Arts Care engaged both a qualitative and quantitative methodology to capture and evaluate the participants’ lived experience 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. Information was gathered primarily after every session by the facilitating Artists and Healthcare Staff who reported and supported Service Users to offer feedback on their experiences. This information is compiled and submitted to each of the five Trust’s Arts In Health Leads bi-monthly or quarterly and each project is made into a case study for sharing with commissioners and posting on social media channels.

Here and Now Festival Summary

The Here and Now Festival is a regional project delivered by Arts Care. The festival, supported by the Public Health Agency (PHA) is delivered on an annual basis and offers a unique opportunity for older people over the age of 60 plus to participate in a series of arts activities led by Arts Cares’ team of expert Project Artists. The overarching aims were to align with the PHA’s strategic focus on addressing health inequalities, particularly among older people experiencing social isolation and loneliness.

Each year, a central theme is chosen to guide the Here & Now Festival, helping both Project Artists and participants reflect creatively in their choice of medium and in how projects are ultimately showcased. The 2024/2025 Festival theme was “Right Here, Right Now”. This theme encouraged immediacy, presence, and engagement with the current moment—values particularly important for older participants, especially for those at risk of social isolation.

Delivery was via In-Person Workshops, Virtual Workshops, Showcase Events and Exhibitions. There were 22 Inperson workshop arts-based programmes to participants aged 60+ in community settings. Based on prior success and participant feedback, 22 virtual regional workshops were also delivered. Regional showcase events were delivered at NICON, RNIB, Aughkillymaude Community Centre, Newtownabbey Friendship group and Ards u3a. The two main showcase events held were the Prime Art Exhibition at Connswater shopping Centre Belfast and Here & Now – Cityside Shopping Centre, at Yorkgate, Belfast.

The festival exceeded its target participant numbers, engaging 284 unique older people—many of whom were identified as being most at risk of social isolation, loneliness, and health inequalities. The successful delivery of 2,272 direct contacts reflects a substantial contribution to the health and wellbeing of older people across Northern Ireland.

ARTS CARE LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance (continued)

Twilight Festival

The Twilight Zone is 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 to express themselves through the creative arts. Now in its 14th year, The Twilight Zone offers young people between the ages of 12-18 the opportunity to work with Arts Care artists creating 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 artists in response to the chosen title of Vibrant Voices. This process put the young person’s voice at the centre of the project throughout and resulted in artworks which reflected 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 creative writing and three-dimensional work which gave unique opportunities for the young people.

Main aims for the project:

Art sessions were facilitated by professional artists engaging with children and young people at 19 Care Homes and one Youth Respite/Secure Centre. Artists worked with 88 young people.

The annual exhibition which launched in Arts Care’s Gallery in Connswater on 26 October 2024 was well attended and several young people from across Northern Ireland were able to attend. We held a special Celebration for the Young People on the 12 December 2024 especially for the young people, staff, family and friends. The work produced this year was particularly colourful and high quality. We were delighted with the impact of this year’s exhibition in terms of skill, colour and message.

Children in Need

This grant targets children and young people who have long stays in hospital and specialised units receiving treatment or surgery. A scoping exercise undertaken for this grant in hospitals and units revealed; on average 10-15 children weekly will experience on average between one-month to three-month stays in hospital care. Over the last 3 years the grant has supported the delivery of an Arts and Clown Doctor Programme across a fifty-week period per year for children and young people in extended care with life limiting illness, complex needs, disabilities and poor mental health.

In 2024-25 the final year of the Project, delivery took place in the following locations:

The Children and Young people participated in the following:

Clown Doctor Visits – Clown Doctors provided weekly visits into the hospital wards and specialized units. They involved the children and young people in creative fun and play activities to support their mental health and wellbeing. The activity took place at the side of the babies’ cots and the bedside of each child.

ARTS CARE LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance (continued)

Children in Need (continued)

Artist Workshops across art forms of the young participants’ choice - Artists Workshops provided young participants with the opportunity to experience in different art forms. Through creative skill-building the participants learned to use the arts to express themselves, build resilience increasing their capacity to cope with their experiences of long stays.

Two Children and Adolescent Arts and Well-being Festivals – a Winter and Summer Arts and Well-being Festival hosted in the five hospitals and specialised units across July/ August and November/December.

Social Enterprise and Business Development

This continues to go from strength to strength. Demand has grown to such an extent that we won the Best Social Enterprise Start Up Award in the Social Enterprise Award for our turnover and success in 2024. Key contracts won include £20k to provide Art for Sense NI and £23k for two Projects with Translink. Our social media and PR has excelled since we contracted Excalibur Press and we have a healthy Funding Pipeline in place for bids with a focus on core grants going into 2025-26.

Ignite Community

Ignite Community is a four-year social innovation programme for young people aged 9 –25, supported by the PEACEPLUS Programme and managed by the Special EU Programmes Body (SEUPB). The project officially commenced on 1 September 2024 and will run until 31 August 2028.

The programme brings together five delivery partners — Young Social Innovators (lead partner), Arts Care, Donegal Youth Service, HAPANI, and Kippie — to deliver creative, youth-led projects promoting positive social change across Northern Ireland and the border regions of the Republic of Ireland.

Arts Care’s approach is arts-based and inclusion-focused, designed to ensure accessibility for young people with complex needs, disabilities, and physical or mental health conditions.

Following the project’s launch, Arts Care recruited a Project Officer (in post from mid-October 2024) to lead the rollout of the programme, and three part-time Project Artists to deliver arts-based engagement with young people. Artist recruitment concluded successfully in early 2025, with candidates demonstrating strong experience in youth arts practice and delivering innovative taster workshops as part of the selection process.

Graham Ginty – DJ, digital musician, and digital visual artist who also works with animation and film.

Michelle Young – Creative writer and storyteller skilled in transforming written narratives into visual expression.

Mhairi Sutherland – Visual artist, educator, and curator whose work explores contemporary social issues such as sustainability and connection to the natural environment.

Graham and Michelle began in post in February 2025, followed by Mhairi in April 2025.

Since appointments were made, the Ignite Community team has been building partnerships with delivery organisations and participating in training led by Young Social Innovators in their Social Innovation Framework , which underpins the programme. This has been an essential step in adapting the framework to Arts Care’s creative approach and to the needs of the young people we aim to engage.

During this period, the Project Officer has also begun meeting with external organisations across the region to explore collaborative opportunities for delivering Ignite Community to the young people they support.

The Ignite Community team contributed to the official project launch event on 18 February 2025, showcasing Arts Care’s unique contribution to the project.

ARTS CARE LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance (continued)

Premises

Losing the Connswater units in early 2025 was a logistical and financial blow given the loss of resource put into refurbishment of the units. We only got 18 months of the peppercorn rent arrangement rather than the 3 years we had planned. We were able to use our Knockbracken studio in the interim (at no cost) while searching for a permanent base.

NI Creative Health Network NI

Arts Care has led the establishment of this network representing scores of organisations across the health and arts sector. It progressed well in 2024-25 with significant Creative Health Events held in the Autumn including key role at NICON and Derry Healthy Cities Event. £10k seeding funding was secured from Barings Foundation by Arts Care.

Financial review

The results for the financial year are fully set out in the Statement of Financial Activities.

During the financial year, Arts Care Limited has continued to work in partnership with Health and Social Care Trusts throughout Northern Ireland in order to make all forms of art accessible to service users and staff in health and social care environments. In carrying out its outline activities, Arts Care Limited has increased its funds by £9,897.

The charity’s income has increased from £755,009 to £843,370 in 2025. The net income for the year amounted to £9,897 (2024: net expenditure £121,074). The total funds at 31 March 2025 amounted to £343,812 (2024: £333,915), an increase of £9,897 during the year.

The unrestricted funds have decreased by £27,320 in the year after a transfer of £27,492 to restricted funds. The unrestricted fund balance at 31 March 2025 is £303,488 (2024: £330,808) including unrestricted fixed assets of £21,556 (2024: £22,800). The restricted fund balance at 31 March 2025 is £40,324 (2024: £3,107), an increase of £37,217 from the prior year.

At 31 March 2025, free reserves which are unrestricted funds excluding fixed assets are £281,932 (2024: £308,008). Currently the charitable company’s free reserves are in excess of the reserves level required according to its reserves policy.

The charitable company believes that there are sufficient reserves held at the year end to enable it to continue further its aims and goals. In determining an appropriate level of reserves, Arts Care has taken into account its short and long term strategy and the risk to the charitable company of losing current sources of income.

Arts Care has considered the cost of keeping 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 the charity sector, Arts Care seeks to set aside reserves representing approximately six months of payroll and establishment costs. Arts Care undertakes to review the reserves policy regularly, with a view to achieving reserves at the agreed level or to amending the level based on the assessment at the time of future need, risks and likelihood of serious disruption. Current level of free reserves are in line with this policy.

Principal sources of income

Our principal funders and sources of income in 2024-25 were:

Strategic Planning and Performance Group (SPPG); Arts Council of Northern Ireland; the Public Health Agency; the five Health and Social Care Trusts throughout Northern Ireland; and Children in Need as detailed in the financial statements.

These funding sources have enabled Arts Care to provide the services, engage service providers, administration and managerial staff and other resources required to meet the aims and objectives which are outlined previously in this document.

ARTS CARE LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Financial effects of no significant events

There were no significant events that affected the financial performance and financial position of the charity during the year 2024-25.

The trustees have overall responsibility for ensuring that the charity has in place an appropriate system of controls, financial and otherwise, to provide reasonable assurance that;

The trustees have assessed the major risks to which the Charity is exposed, have been reviewed and are satisfied that systems are in place to mitigate exposure to the major risks.

The initiation of transferring primarily from central core Grant-aid funding structures to Contractual Funding Structures continues to have the potential to significantly affect financial performance in terms of redistribution of finance across all five Health and Social Care Trust areas. Arts Care continues with negotiations with SPPG and the five Health and Social Care Trusts to resolve this matter.

Structure, governance and management

Arts Care Limited is a charitable company limited by guarantee and does not have 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 Governance documents were reviewed and updated in 2022 linked to our successful application for registration with the Charity Commission for NI.

Arts Care’s objectives are for the benefit and well-being of service users, staff and visitors, and we promote and coordinate the development of arts provision in Health & Social Care settings throughout Northern Ireland.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

N A Boyle (Appointed 10 December 2024)
G N D Adams
Dr T D Wyatt
N Oliver
S McGookin
B McGeown (Appointed 10 December 2024)
J Greene
D E Galloway (Appointed 10 December 2024)
D Cochrane
R Cassidy Taylor
M Cullen (Resigned 5 September 2024)
K Moylan (Resigned 9 December 2024)
M Rainey (Resigned 8 November 2024)

ARTS CARE LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Recruitment and appointment of trustees

The Arts Care Board of Trustees collectively considers new appointments based on relevant experience and expertise. Newly appointed trustees are formally inducted into their new position and informed on all aspects of organisational policies and procedures.

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Arts Care has indemnity insurance for trustees to the sum of £10,000,000 with Marsh Insurance Company, Belfast.

Organisational structure

The Chief Executive Officer/Artistic Director manages the company, core Administration staff, Artists and Clown Doctors and manages the service programmes of the organisation on a daily basis. The Board of Directors is responsible for all strategic and tactical decisions within the organisation. The core members of staff who support the Chief Executive Officer as at 31 March 2025 are: Head of Operations, Finance Manager, Comms and Business Development Manager, Business Support Manager and Business Support Assistant and Projects Officer.

How decisions are made

The Board of Trustees is responsible for the strategic management of the charitable company and oversight of its business. Chaired in 2024-25 by Dr Gavin Adams, it meets every two months. Given the nature and location of operations, the Trustees take the responsibility of monitoring financial risk and continually reviewing levels of expenditure to ensure they are kept within budget. The trustees have procedures in place to ensure compliance with a range of policies including health and safety and fair employment legislation.

Remuneration policy

The Arts Care Board continues to review Remuneration Policy regularly. Under new governance arrangements since 2022, an Office Holders Committee will over see HR in general including Remuneration. Arts Care continues to follow the Dept of Health Agenda for Change framework for setting salaries and increments for its payroll staff.

ARTS CARE LIMITED TRUSTEES, REPORT IINCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 stal•m•nt of tru$ts•s' M$pon$lbi1Stl8$ The trustees, who are also the direclors of Arts Care Limited for the purpose of company law, are responsible for prepawing the Trustees. Report and Ihe financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Gen8Talty Accept8d Accounting Practice). Company Law requires the trustees to prepare finanaal statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources. including the income and expenditure, of Ihe charitsble company for that year. In preparing Ihese financial slataments, Ihe trustees are required to.. select suitable accounting policies and then apply them con51Stently', - obsetve the methods and principles in the Charities SORP.. - make judgements and estimales that are reasonable and prudenl: state whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and 8xplain8d in tha financial statements. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are fesponsible for keeping adequate accounting records that disclose wilh feasonabla accuracy at any time the financ4al position of the charity and enable thèm lo ensure that th6 financial stalaments compty with tho Companies Act 2006. They are also responsible for safeguardlng the assets of the charity and hence for laklng reasonable steps for the prevention and deleclion of Iraud and other irregularilies. The truslees are responsible for the maintenance and integrity of the charity and financi21 information induded on the charity's website. Legislalion in the United Kingdom governing the preparation and dissemination of financial slatemenls may differ froffl legislalion in other jurisdictions. Audltor In accordance with the company's articles, 8 resolution proposing that GMCG BELFAST be reappointed as audrtor of the company will be put at a General Meeting. Small Companles oxemptlon This report has been prepared In accofdanco with the speclal provlsions relating io Small companl6s wlthin Part 15 of the Companles Act 2006. Dls¢lo$ur• of Infomiatlon to audllor Each of the trustees has confirm8d that th8r8 is no infofmation of which they are aware which is relevant to the audit. but of which the auditor is unawar8. They have further confirmed thal they have tak8n appropriate sleps to identify such relevant Informatlon and to establish that the audltor Is aware of sud) information. Th8 truste8s' report, Indudlng the strateglc report. was approved by the Boaid of T B Maca Company Mcrntsry N DAdam$ Tru•ts• 11

ARTS CARE LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ARTS CARE LIMITED

Opinion

We have audited the financial statements of Arts Care Limited (the ‘charitable company’) for the year ended 31 March 2025 which comprise the Statement of Financial Activities (including income and expenditure account), the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

ARTS CARE LIMITED

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF ARTS CARE LIMITED

Conclusions relating to going 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 the 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 charity’s ability to continue 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 to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

ARTS CARE LIMITED

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF ARTS CARE LIMITED

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report included within the trustees' report.

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:

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’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 either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

ARTS CARE LIMITED

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF ARTS CARE LIMITED

Extent to which the audit was considered capable of detecting irregularities, including fraud

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform 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 misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, we considered the following:

As a result of these procedures, we considered that the particular areas in the financial statements that were susceptible to misstatement were related to management bias in accounting estimates and judgements; recognition, classification and completeness of income. In common with all audits under ISAs (UK), we are also required to perform 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 regulations that had a direct effect on the determination 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 regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the Charity’s ability to operate or to avoid a material penalty.

ARTS CARE LIMITED

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF ARTS CARE LIMITED

Audit response to risks identified

Our procedures to respond to risks identified include the following:

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 the audit.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatement in the financial statements even though we have properly planned and performed our audit in accordance with auditing standards. In addition, as with any audit, there remains a higher risk of non-detection of irregularities, 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 detect noncompliance with all laws and regulations.

A further description of our responsibilities is available on the Financial Reporting Council’s website at http:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

ARTS CARE LIMITED

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF ARTS CARE LIMITED

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with 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 purpose. To the fullest extent permitted by law, we do not accept or assume responsibility 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 formed.

Mr Nigel Moore FCA (Senior Statutory Auditor) for and on behalf of GMcG BELFAST

18 November 2025

Chartered Accountants Statutory Auditor

Chartered Accountants & Statutory Auditor

Alfred House 19 Alfred Street Belfast BT2 8EQ

ARTS CARE LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income from:
Donations and
legacies
3
87,316
-
Charitable activities
5
102,094
650,119
Investments
4
3,841
-
Total income
193,251
650,119
Expenditure on:
Charitable activities
6
193,079
640,394
Net incoming/(outgoing)
resources before
transfers
172
9,725
Gross transfers
between funds
(27,492)
27,492
Net (expenditure)/income
for the year/
Net movement in funds
(27,320)
37,217
Fund balances at 1 April
2024
330,808
3,107
Fund balances at 31
March 2025
303,488
40,324		 Total
Unrestricted
Restricted
Total
funds
funds
2025
2024
2024
2024
£
£
£
£
87,316
82,780
-
82,780
752,213
121,001
549,396
670,397
3,841
1,832
-
1,832
843,370
205,613
549,396
755,009
833,473
172,245
703,838
876,083
9,897
33,368
(154,442)
(121,074)
-
(97,546)
97,546
-
9,897
(64,178)
(56,896)
(121,074)
333,915
394,986
60,003
454,989
343,812
330,808
3,107
333,915

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

The notes on pages 21 to 37 form part of these financial statements.

ARTS CARE LIMITED BALANCE SHEEr AS AT 31 MARCH 2025 2025 2024 Notes Flxad assets Tangible assets 13 21,556 22,800 Curr•nt 08a•ts Debtors Inveslmenls Cash al bank and in hand 16 14 178,404 120,000 123,890 231,772 187.053 422,294 418,825 Cr•dllorJ: amount8 falllng due wlthln one year 17 (100,038) (107.710) N81 Current assat$ 322,258 311,115 Total as88ts1088 curront Ilabllltl•s 343,812 333.915 Incom• funds Reslrlcted fund3 UnreslrtGted funds 40,324 303.488 3,107 330,808 343,812 333,915 The financial statements were approved by the Trustees on . GNDAdams Trustee Company reglstrntlon number NIO58264 19.

ARTS CARE LIMITED

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2025

2025
Notes
£
£
Cash flows from operating activities
Cash generated from/(absorbed by)
operations
27
59,262
Investing activities
Purchase of tangible fixed assets
(6,245)
Purchase of investments
(120,000)
Investment income received
3,841
Net cash used in investing activities
(122,404)
Net cash used in financing activities
-
Net decrease in cash and cash equivalents
(63,142)
Cash and cash equivalents at beginning of year
187,032
Cash and cash equivalents at end of year
123,890
Relating to:
Cash at bank and in hand
123,890
Bank overdrafts included in creditors payable
within one year
-		 2024
£
£
(166,728)
(18,096)
-
1,832
(16,264)
-
(182,992)
370,024
187,032
187,053
(21)

ARTS CARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

Charity information

Arts Care Limited is a private company limited by guarantee and not having a share capital and is registered in Northern Ireland.

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.

1.1 Accounting convention

The financial statements have been prepared in accordance with the accounting policies set out in the notes to the financial statements, the Charities Act (Northern Ireland) 2008, Charities Act (Northern Ireland) 2013, The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015, Companies Act 2006 and Accounting and Reporting by Charities: 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 published in October 2019.

The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1.

The charitable company constitutes a public benefit entity as defined by FRS 102.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern for the foreseeable future.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

For donations to be recognised the charity will have been 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 those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

ARTS CARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies (Continued)

Income from certain donors has been deferred as the income relates to a specified future period that will not occur until after the year end and income receivable from certain donors has been accrued as the income relates to the current financial period.

Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably.

If entitlement is not met then these amounts are deferred. Revenue grants are credited to incoming resources on the earlier date of when they are received or when they are receivable, unless they relate to a specified future period. Grants which contribute towards specific expenditure on fixed assets are credited to the Statement of Financial Activities in full upon receipt.

Investment income is interest earned through holding cash at bank and is recognised when receivable.

Other income represents income that cannot be reported under the other analysis headings provided within the Statement of Financial Activities.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

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.

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, finance costs, governance costs and administrative payroll costs.

They are incurred directly in support of expenditure on the objects of the charity. Where support costs cannot be directly attributed to particular headings they have been allocated to expenditure on charitable activities on a basis consistent with use of the resources.

The analysis of these costs is included in note 7.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Office Equipment 25% straight line Art Work not depreciated

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

ARTS CARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies (Continued)

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future 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 the estimates of future cash flows have not been adjusted.

If the 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 impairment loss is recognised immediately in income/ (expenditure) for the year, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable 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.

Basic financial 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 interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are 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.

ARTS CARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies (Continued)

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Taxation

As a charity, the company benefits from various exemptions afforded by tax legislation. It is therefore not liable to corporation tax on income or gains falling due within those exemptions. Recovery is made of tax deducted from receipts under gift aid or deeds of covenant and is recognised at the time of the donation.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

Restricted and unrestricted funds

Judgement made in the basis of allocation of support costs to restricted and unrestricted funds.

Key sources of estimation uncertainty

Fixed assets

The annual depreciation charge on fixed assets depends primarily on the estimated lives of each type of asset and estimates of residual values. The trustees regularly review these asset lives and change them as necessary to reflect current thinking on remaining lives in light of prospective economic utilisation and physical condition of the assets concerned. Changes in asset lives can have a significant impact on depreciation and amortisation charges for the period. Detail of the useful lives is included in the accounting policies.

ARTS CARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

3 Donations and legacies

**Unrestricted ** Unrestricted
funds funds
2025 2024
£ £
Donations and gifts 6,774 2,238
Other 80,542 80,542
87,316 82,780
Grants receivable for core activities
Arts Council for Northern Ireland 80,542 80,542
80,542 80,542
Investments
**Unrestricted ** Unrestricted
funds funds
2025 2024
£ £
Interest receivable 3,841 1,832

4 Investments

ARTS CARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

5 Charitable activities

Artists in
Residence
2025
£
Social Business Income
-
Other
-
Performance related grants
357,779
357,779
Analysis by fund
Unrestricted funds
-
Restricted funds
357,779
357,779
Performance related grants
SPPG
217,698
Trusts
116,781
PHA
-
Children in Need
23,300
National Lottery
-
Future Screens
-
Other
-
357,779		 NI Clown
Doctors
Here and Now
2025
2025
£
£
-
-
-
-
31,124
94,496
31,124
94,496
-
-
31,124
94,496
31,124
94,496
31,124
-
-
-
-
94,496
-
-
-
-
-
-
-
-
31,124
94,496		 Twilight
2025
£
-
-
34,413
34,413
-
34,413
34,413
-
-
34,413
-
-
-
-
34,413		 National
Lottery
2025
£
-
-
18,407
18,407
-
18,407
18,407
-
-
-
-
18,407
-
-
18,407		 Future
Screens
2025
£
-
-
21,038
21,038
-
21,038
21,038
-
-
-
-
-
21,038
-
21,038		 Other
2025
£
102,094
-
92,862
194,956
102,094
92,862
194,956
7,020
-
-
-
-
-
85,842
92,862		 Total
2025
£
102,094
-
650,119
752,213
102,094
650,119
752,213
255,842
116,781
128,909
23,300
18,407
21,038
85,842
650,119		 Total
2024
£
104,101
16,900
549,396
670,397
121,001
549,396
670,397
242,000
139,063
105,501
23,300
18,407
21,125
-
549,396

ARTS CARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

5 Charitable activities (Continued)

For the year ended 31 March 2024

Artists in
Residence
£
Social Business Income
-
Other
-
Performance related grants
278,513
278,513
Analysis by fund
Unrestricted funds
-
Restricted funds
278,513
278,513
Performance related grants
SPPG
121,250
Trusts
139,063
PHA
-
Children in Need
18,200
National Lottery
-
Future Screens
-
Other
-
278,513		 NI Clown
Doctors
Here and Now
£
£
-
-
-
-
35,100
76,448
35,100
76,448
-
-
35,100
76,448
35,100
76,448
30,000
-
-
-
-
76,448
5,100
-
-
-
-
-
-
-
35,100
76,448		 Twilight
£
-
-
29,053
29,053
-
29,053
29,053
-
-
29,053
-
-
-
-
29,053		 National
Lottery
£
-
-
18,407
18,407
-
18,407
18,407
-
-
-
-
18,407
-
-
18,407		 Future
Screens
£
-
-
21,125
21,125
-
21,125
21,125
-
-
-
-
-
21,125
-
21,125		 Other
£
104,101
16,900
90,750
211,751
121,001
90,750
211,751
90,750
-
-
-
-
-
-
90,750		 Total
2024
£
104,101
16,900
549,396
670,397
121,001
549,396
670,397
242,000
139,063
105,501
23,300
18,407
21,125
-
549,396

ARTS CARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

6 Charitable activities

Artists in
Residence
NI Clown
Doctors
Here and
Now
2025
2025
2025
£
£
£
Staff costs
-
-
-
Artists
213,056
1,800
37,326
Clown Doctors
3,000
16,005
1,632
Project costs
7,088
1,409
35,981
223,144
19,214
74,939
Share of support costs (see note 7)
117,011
10,179
30,905
Share of governance costs (see note 7)
7,675
667
2,027
347,830
30,060
107,871
Analysis by fund
Unrestricted funds
-
-
-
Restricted funds
347,830
30,060
107,871
347,830
30,060
107,871		 Twilight
National
Lottery
Future
Screens
2025
2025
2025
£
£
£
-
-
24,660
22,335
-
-
-
-
-
4,840
25,859
1,395
27,175
25,859
26,055
11,255
-
-
738
-
-
39,168
25,859
26,055
-
-
-
39,168
25,859
26,055
39,168
25,859
26,055		 Other
2025
£
80,542
66,912
6,170
35,084
188,708
63,741
4,181
256,630
193,079
63,551
256,630		 Total
2025
£
105,202
341,429
26,807
111,656
585,094
233,091
15,288
833,473
193,079
640,394
833,473		 Total
2024
£
103,243
322,597
72,324
151,928
650,092
221,737
4,254
876,083
172,245
703,838
876,083

ARTS CARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

6 Charitable activities (Continued)

For the year ended 31 March 2024

Artists in
Residence
NI Clown
Doctors
Here and
Now
£
£
£
Staff costs
-
-
-
Artists
233,788
-
56,445
Clown Doctors
-
50,095
-
Project costs
31,217
2,854
47,794
265,005
52,949
104,239
Share of support costs (see note 7)
99,480
12,537
27,305
Share of governance costs (see note 7)
3,037
383
834
367,522
65,869
132,378
Analysis by fund
Unrestricted funds
-
-
-
Restricted funds
367,522
65,869
132,378
367,522
65,869
132,378		 Twilight
National
Lottery
Future
Screens
£
£
£
-
-
22,791
22,639
-
-
-
-
-
8,801
15,300
-
31,440
15,300
22,791
10,694
-
-
-
-
-
42,134
15,300
22,791
-
-
-
42,134
15,300
22,791
42,134
15,300
22,791		 Other
£
80,452
9,725
22,229
45,962
158,368
71,721
-
230,089
172,245
57,844
230,089		 Total
2024
£
103,243
322,597
72,324
151,928
650,092
221,737
4,254
876,083
172,245
703,838
876,083

ARTS CARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

7
Support costs
Support
costs
Governance
costs
2025
Support
costs
Governance
costs
£
£
£
£
£
Staff costs
140,875
-
140,875
110,564
-
Depreciation
7,489
-
7,489
7,112
-
Operating lease charges
1,800
-
1,800
16,500
-
Rent and rates
268
-
268
1,448
-
Office costs
46,461
-
46,461
41,746
-
Promotions
7,313
-
7,313
-
-
Motor and travel
5,584
-
5,584
7,023
-
Bank charges
212
-
212
176
-
Administrative support
14,327
-
14,327
33,122
-
Sundry
6,022
-
6,022
1,604
-
Artist Fees
2,240
-
2,240
-
-
Clown Doctor Fees
500
-
500
-
-
Audit fees
-
4,800
4,800
-
4,750
Accountancy
-
8,400
8,400
-
950
Legal and professional
-
2,088
2,088
-
996
233,091
15,288
248,379
219,295
6,696
Analysed between
Charitable activities
233,091
15,288
248,379
221,737
4,254
8
Net movement in funds
2025
£
Net movement in funds is stated after charging/(crediting)
Fees payable to the company's auditor for the audit of the company's financial
statements
4,800
Depreciation of owned tangible fixed assets
7,489
Operating lease charges
1,800
9
Auditor's remuneration
Fees payable to the charity's auditor and associates:
2025
£
Audit of the charity's annual accounts
4,800
Non-audit services
All other non-audit services
8,400		 2024
£
110,564
7,112
16,500
1,448
41,746
-
7,023
176
33,122
1,604
-
-
4,750
950
996
225,991
225,991
2024
£
4,750
7,112
16,500
2024
£
4,750
950

ARTS CARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

10 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

11 Employees

The average monthly number of employees during the year was:

Administration
Employment costs
Wages and salaries
Social security costs
Other pension costs
The number of employees whose annual remuneration was more than £60,000
is as follows:
£60,000 to £70,000		 2025
Number
7
2025
£
218,825
16,278
10,974
246,077
2025
Number
1		 2024
Number
7
2024
£
191,460
13,498
8,849
213,807
2024
Number
1

12 Taxation

The charity is exempt from income tax and capital gains tax to the extent that its income and gains are applied for charitable purposes. No tax charge has arisen in the year.

ARTS CARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

13 Tangible fixed assets
Office
Art Work		 Total
Equipment
£ £ £
Cost
At 1 April 2024 74,600 450 75,050
Additions 6,245 - 6,245
At 31 March 2025 80,845 450 81,295
Depreciation and impairment
At 1 April 2024 52,250 - 52,250
Depreciation charged in the year 7,489 - 7,489
At 31 March 2025 59,739 - 59,739
Carrying amount
At 31 March 2025 21,106 450 21,556
At 31 March 2024 22,350 450 22,800
14 Current asset investments
2025 2024
£ £
Unlisted investments 120,000 -
During the year, £120,000 was invested in a 9 month fixed term deposit with a maturity date of 3 April 2025
and an interest rate of 4.0%.
15 Financial instruments
2025 2024
£ £
Carrying amount of financial assets
Instruments measured at fair value through profit or loss 120,000 -
The total interest income for the financial assets was £3,841 (2024: £Nil).
16 Debtors
2025 2024
Amounts falling due within one year: £ £
Trade debtors 163,404 222,607
Prepayments and accrued income 15,000 9,165
178,404 231,772

ARTS CARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

17
Creditors: amounts falling due within one year
Notes
Bank overdrafts
Other taxation and social security
Deferred income
18
Trade creditors
Other creditors
Accruals and deferred income
18
Deferred income
Other deferred income
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 April 2024
Released from previous periods
Resources deferred in the year
Deferred income at 31 March 2025		 2025
£
-
4,995
6,149
34,826
2,854
51,214
100,038
2025
£
6,149
2025
£
6,149
22,430
(22,430)
6,149
6,149		 2024
£
21
2,782
22,430
74,426
3,251
4,800
107,710
2024
£
22,430
2024
£
22,430
-
-
22,430
22,430

Income was deferred at 31 March 2025 as it related to events that were taking place in the next financial year.

Income was deferred at 31 March 2024 as it related to Social Development Business income for the next financial year.

ARTS CARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

19 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Balance at
1 April 2023
r
£
Artists in Residence
5,663
NI Clown Doctors
10,620
Here and Now
14,090
Twilight
-
National Lottery
-
Future Screens
-
Other
29,630
60,003		 Movement in funds
Incoming
esources
Resources
expended
£
£
278,513
(367,522)
35,100
(65,869)
76,448
(132,378)
29,053
(42,134)
18,407
(15,300)
21,125
(22,791)
90,750
(57,844)
549,396
(703,838)		 Transfers
Balance at
1 April 2024
r
£
£
83,346
-
20,149
-
41,840
-
13,081
-
-
3,107
1,666
-
(62,536)
-
97,546
3,107		 Movement in funds
Incoming
esources
Resources
expended
£
£
357,779
(347,830)
31,124
(30,060)
94,496
(107,871)
34,413
(39,168)
18,407
(25,859)
21,038
(26,055)
92,862
(63,551)
650,119
(640,394)		 Transfers
Balance at
31 March 2025
£
£
-
9,949
-
1,064
13,375
-
4,755
-
4,345
-
5,017
-
-
29,311
27,492
40,324		 Transfers
Balance at
31 March 2025
£
£
-
9,949
-
1,064
13,375
-
4,755
-
4,345
-
5,017
-
-
29,311
27,492
40,324
40,324

ARTS CARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

20 Fund descriptions

a) Unrestricted funds

Funds which are expendable at the discretion of the charitable company in furtherance of its objectives. In addition to expenditure on activities such funds may be held in order to finance capital investment and working capital.

b) Restricted funds

Restricted funds are to be used for specified purposes as laid down by the donor. Expenditure which meets this criteria is charged to the fund.

21 Transfers

Funds are transferred from unrestricted funds to restricted funds to cover shortfalls in restricted funding.

The charity tenders for projects where a fixed price is agreed and for those where conditions are placed on the funding, the project is included in restricted funds. Once the conditions have been met the restriction ceases and any surpluses made are transferred from restricted funds to unrestricted funds.

22 Analysis of net assets between funds

Unrestricted
funds
Restricted
funds
2025
2025
£
£
Fund balances at 31
March 2025 are
represented by:
Tangible assets
21,556
-
Current assets/(liabilities)
281,932
40,324
303,488
40,324		 Total Unrestricted
funds
Restricted
funds
2025
2024
2024
£
£
£
21,556
22,800
-
322,256
308,008
3,107
343,812
330,808
3,107		 Total
2024
£
22,800
311,115
333,915

23 Financial commitments, guarantees and contingent liabilities

The charitable company has a contingent liability to repay grants received if the company fails to comply with certain conditions stipulated in the letter of offer and terms and conditions of contract under which the grants were paid. The directors do not expect any claims to be made in this respect.

ARTS CARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

24 Operating lease commitments

Lessee

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years		 2025
£
16,625
42,693
59,318		 2024
£
400
-
400

25 Pension

The charitable company operates a defined contribution scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £10,974 (2024: £8,849). The amount of pension costs accrued at the year end amounted to £2,854 (2024: £1,326).

26 Related party transactions

Remuneration of key management personnel

The remuneration of key management personnel is as follows.

2025 2024
£ £
Aggregate compensation 67,387 62,896

The total amount of remuneration and benefits received by key management in the year was £67,387 (2024: £62,896). The charity considers its key management personnel comprise the Board of Directors and senior management.

During the year, the directors neither received nor waived any remuneration; nor accrued any pension arrangements and were not reimbursed expenses (2024: £Nil).

Directors and key management personnel remuneration and expenses are disclosed in note 10 in the notes to the financial statements.

During the year £690 (2024: £1,760) was paid to Mr S Macauley, the son of the company’s Chief Executive officer, Mr B Macaulay, in relation to Artists Fees. Mr S Macaulay 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.

ARTS CARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

27
Cash generated from operations
Surplus/(deficit) for the year
Adjustments for:
Investment income recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
Movements in working capital:
Decrease/(increase) in debtors
Increase/(decrease) in creditors
(Decrease)/increase in deferred income
Cash generated from/(absorbed by) operations
28
Analysis of changes in net funds		 2025
2024
£
£
9,897
(121,074)
(3,841)
(1,832)
7,489
7,112
53,368
(63,768)
8,630
(9,596)
(16,281)
22,430
59,262
(166,728)

The charity had no debt during the year.