Final accounts 2017

ComPanYNumber: 382284

The ClonmelJunctionFestivalCLG

(A company limited by guarantee,without a share capital)

Directors'Reportand FinancialStatements for the year ended 31 March 2017

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The ClonmelJunctionFestivalGLG

(A company limited by guarantee,without a share capital)

CONTENTS Page Directorsand OtherInformation Directors'RePort Statement Responsibilities Directors' Auditor'sRePort IndePendent lncomeStatement

!

4-5 6 7 -8 I

Statementof FinancialPosition

10

Statementof Changesin EquitY

11

Statementof Cash Flows

12

Notesto the FinancialStatements Supp|ementary|nformationonIncomeandExpenditureAccount

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3

13-17 19

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The ClonmelJunctionFestivalCLG

A cornpanylimited by guarantee,without a share capital)

AND OTHERINFORMATION DIRECTORS Directors

NollaigHealy(Resigned14 February2017) FrankMoran DeirdreGrogan(Appointed7 February2017) BessHughes AislingKilroy FionaGrassick 30 August2016) CathalO Donoghue(Resigned DavidKirwan CecilyPurcell BrendanDaly

CompanySecretary

BessHughes

Number Company

3822U

OfficeandBusinessAddress Registered

House, Silversprings Silversprings, Clonmel, Co. Tipperary.

Auditors

Gilligan& CompanyAccountantsLtd House, Silversprings Silversprings, Clonmel Tipperary Republicof lreland

Bankers

BankOf lreland, ParnellStreet, Clonmel, Co. Tipperary.

Solicitors

BinchySolicitors, QuayHouse, Clonmel, Co. Tipperary.

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The ClonmelJunctionFestivalCLG (A company limited by guarantee,without a share capital)

REPORT DIRECTORS' for the yearended31 March2017 The directorspresenttheirreportand the auditedfinancialstatementsfor the yearended31 March2017.

PrincipalActivityand Reviewof the Business The principalactivityof the companyis that of festivalproduction.

(CHY 16466)hencethe report The companyis registeredas havingCharitablestatuswith RevenueCommissioners of the CompaniesAct 2014. and resultsare presentedin a formwhichcomplieswith the requirements The Companyis limitedby guaranteenot havinga sharecapital.

There has been no significantchangein these activitiesduringthe year ended 31 March2017. fhe resultsfor the year and the financialpositionat the year end were consideredsatisfactoryby the directors.The directorshave no plansto changethe activitiesand operationsof the companyin the foreseeablefuture.

PrincipalRisks and Uncertainties The principalrisk facingthe companyis a reductionin income.Approx65% of the companysincomecomesfrom governmentgrantsand sponsorship.Reductionin this sourceof incomemightinfluencethe companyactivity.

V

FinancialResults to €(10,100)(2016- €15,452). amounted for depreciation fortheyearafterproviding The (deficit)/surplus At the end of the year the companyhas assetsof €42,860(2016- €13,592)and liabilitiesof €55,247(2016by€(10,100). of the companyhaveincreased €15,879).The net liabilities Position. and Financial Assetsand Liabilities The total assetsof the businesshaveincreasedby €7,023,the total liabilitieshavedecreasedby €8,429,resultingin an increasein net assetsot€15.452.

Directorsand Secretary The directorswho servedthroughoutthe year,exceptas noted,were as follows: 2Q17) 14 February NollaigHealy(Resigned FrankMoran DeirdreGrogan(Appointed7 February2017) BessHughes AislingKilroY FionaGrassick (Resigned 30 August2016) CathalO Donoghue DavidKirwan CecilyPurcell BrendanDalY

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The secretarywho servedthroughoutthe yearwas BessHughes between31 March2017 andthe dateof signingthe financialstatements.

Therewere no changesin shareholdings In accordancewith the Articlesof Association,the directorsretireby rotationand, beingeligible,offerthemselvesfor re-election Future Developments The companyplansto continueits presentactivitiesand currenttradinglevels.

Post Statementof FinancialPositionEvents Therehavebeen no significanteventsaffectingthe companysincethe year-end.

PoliticalContributions political in the currentyear. donations The companydid not makeanydisclosable Auditors to continuein officein accordance theirwillingness Ltd haveindicated The auditors,Gilligan& CompanyAccountants Act,2014. of Section383(2)of the Companies withthe provisions

The Clonmel Junction FestivalCLG (A company limlted by guarantee,without a share capital)

REPORT DIRECTORS' forthe yearended31 March2017 Accounting Records To ensurethat adequateaccountingrecordsare kept in accordancewith Sections281 to 285 of the CompaniesAct qualifiedaccountingpersonneland have maintainedappropriate 2014, the directorshave employedappropriately computerisedaccountingsystems.The accountingrbcords are locatedat the company'soffice at Silversprings Clonmel,Co. Tipperary..

House,Silversprings, !:..:'wj:

on behalf of the board 6

Kilroy Director

f,'o *-

Gr nssi r,tz-

Fiona Grassick Director

o^t"= 3o t4eut 'lOrT

The GlonmelJunction FestivalGLG

(A company llmlted by guarantee,without a share capital)

DIRECTORS' RESPONSIBILITIES STATEMENT

for the yearended31 March2017

The..directors are responsiblefor preparingthe Directors'Reportand the financialstatementsin accordance with applicablelrishlaw and regulations. lrish companylaw requiresthe directorsto preparefinancialstatementsfor each financialyear. Under the law the directorshaveelectedto preparethe financiaistatementsin accordancewith the companiesAct 2014 and FRS 102 "The F.inancial ReportingStandardapplicablein the UK and Republicof lreland"is"rlo ov tne-F-inanciat Reporting council and promulgatedby the Instituteof charteredArcountanisin lreland.unoei compa;i6, the directorsmust not approvethe financialstatementsunlessthey are.satisfiedthat they give a true ana tair view of the assets, liabilitiesand fnancial positionof the companyai at the financialye"r end-oateano of tne surptr. or deficitof the companyfor the financialyear and otherwisecomplywith the complnies Act2014.

In preparingthesefinancialstatements,the directorsare requiredto: - selectsuitableaccounting.policies for the companyfinancialstatementsand thenapplythem consistenly; - makejudgementsand estimatesthat are reasonableand prudent; - state whetherthe financialstatementshave been preparedin accordancewith applicableaccountingstandards, identifythose standards,and note the effectand the'reasonsfor any materialdeparturefrom those standards; and - preparethe financialstatementson the going concern basis unless it is inappropriateto presume that the companywill continuein business.

The directorsare responsiblefor ensuringthatthe companykeepsor causesto be keptadequateaccounting records which conectlyexplainand recordthe transactions of the cbmpany,enableat any time the assets,liabilities,financial positionand surplusor deficitof the companyto be determineiwiih reasonableiccuracy and enablethem to ensure that the financialstatementsand directors'report complywith the Companies Act 2014 and enable the financial statementsto be audited.Theyare also responsible- sa-ieguarding the assetsof the companyand h"nc" for taking lor reasonablestepsfor the preventionand detectionof fraudarid other-inegularities. on behalf of the board

Kilroy

cQ T, on* Gr us>; Fiona Grassick - - - : : ' - - D i r e c t o-r

Date:30,0S.JPW (,

REPORT I N D E P E N D E NATU D I T O R ' S to the Membersof The ClonmelJunction FestivalGLG

(A companylimitedby guarantee, withouta sharecapital) We have auditedthe financialstatementsof The ClonmelJunctionFestivalCLG for the year ended 31 March2017 of Changesin Equity,the the Statement of FinancialPosition, the Statement whichcomprisethe IncomeStatement, Statementof Cash Flows,the AccountingPoliciesand the relatednotes.The relevantfinancialreportingframework that has been appliedin their preparationis the CompaniesAct 2Q14and FRS 102 "The FinancialReporting in the UK and Republicof lreland"issuedby the FinancialReportingCounciland promulgated Standardapplicable by the Instituteof CharteredAccountantsin lreland.

This reportis made solelyto the company'smembers,as a body, in accordancewith Section391 of the Companies Ad 2014.Our auditwork has been undertakenso that we might stateto the company'smembersthose matterswe are requiredto stateto them in an auditor'sreportand for no other purpose.To the fullestextentpermittedby law,we to anyoneotherthanthe companyand the mmpany'smembersas a body,for do not acceptor assumeresponsibility our auditwork,for this report,or for the opinionswe haveformed.

Respectiveresponsibilitiesof directors and auditors Statement,the directorsare responsiblefor the preparation As explainedmore fully in the Directors'Responsibilities of the financialstatementsand for beingsatisfiedthat they give a true and fair view and otherwisecomplywith the is to auditand expressan opinionon the financialstatementsin accordance CompaniesAct2014.Our responsibility Standardson Auditing(UK and lreland).Thosestandardsrequireus to complywith with lrishlaw and International 'APB EthicalStandard- ProvisionsAvailable the AuditingPracticeBoard'sEthicalStandardsfor Auditors,including set out in Note5 to the flnancialstatements. for SmallEntities(Revised)',in the circumstances Scope of the audit of the financial statements An auditinvolvesobtainingevidenceaboutthe amountsand disclosuresin the financialstatementssufficientto give whethercausedby fraudor reasonableassurancethat the financialstatementsare free from materialmisstatement, error. This includes an assessmentof: whether the accounting policies are appropriateto the company's circumstancesand have been consistentlyapplied and adequatelydisclosed;the reasonablenessof significant accountingestimatesmade by the directors;and the overallpresentationof the financialstatements.In addition,we with the informationin the Directors'Reportto identifymaterialinconsistencies read all the financialand non-financial auditedfinancialstatementsand to identifyany informationthat is apparentlymateriallyincorrectbased on, or with,the knowledgeacquiredby us in the courseof performingthe audit.lf we becomeaware materiallyinconsistent for our report. or inconsistencies we considerthe implications of any apparentmaterialmisstatements Opinionon financialstatements ln our ooinionthe financialstatements: - give a true and fair viewof the assets,liabilitiesand financialpositionof the companyas at 31 March2017 andol its resultsfor the yearthenended;and - have been properlypreparedin accordancewith the relevantfinancialreportingframeworkand, in particular,the of the Companies Act 2014. requirements Emphasisof Matter madein note3 to we haveconsidered the adequacyof the disclosures In formingour opinion,whichis not qualified, concerning the company's abilityto continueas a goingconcern. The companyincurreda the financialstatements profitduringthe year howeverat the year end the company'scurrentliabilitiesexceededits total assetsby â‚Ź12,387 (â‚Ź2,2872016 ). These conditionsalong other mattersexplainedin note 3 to the financialstatementsindicatethe existenceof a materialuncertaintythat castssignificantdoubt as to whetherthe companycan continueas a going concern. The financialstatementsdo not containthe adjustmentsthat would resultif the companywas unableto continueas a goingconrern.

Matterson which we are required to report by the GompaniesAct 2014.

- We have obtainedall the informationand explanationswhich we considerneressaryfor the purposesof our audit.

- In our opinionthe accountingrecordsof the companywere sufficientto permitthe financialstatementsto be readilyand properlyaudited.

- The financialstatementsare in agreementwith the accountingrecords.

- ln ouropinionthe information statements. withthe financial Reportis consistent oivenin the Directors'

REPORT I N D E P E N D E NATU D I T O R ' S to the Membersof The ClonmelJunction FestivalCLG (A companylimitedby guarantee, withouta sharecapital)

Matterson which we are requiredto report by exception We have nothingto reportin respectof the provisionsin the CompaniesAct2014which requireus to reportto you if, and transactionsspecifiedby Sections305 to 312 of the Act of directors'remuneration in our opinion,the_glirplosures

-\$ :o,-" for ild on behalf of LTD GILLIGAN& COMPANYACCOUNTANTS House, Silversprings Silversprings, Clonmel Tipperary Reoublicof lreland Date: 1r

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The ClonmelJunctionFestivalGLG (A company limited by guatantso,wlthout a share capital)

INCOMESTATEMENT for the year ended31 March2017

Notes 6

lncome Expenditure (Deficit)/surpluson ordinary activities before tax

2017 â‚Ź

2016 â‚Ź

227,783

231,885

(237,883)

(216,433)

(10,100)

15,452

(10,100)

15,452

on ordinaryactivities Tax on (deficit)/surplus Total Gomprehensivelncome

The companyhas no recognisedgains or lossesother than the resultsfor the year. The resultsfor the year have been calculatedon the historicalcost basis.The company'sincomeand expensesall relateto continuingoperations.

?Ott ^n6 signedon its behalfby: Kilroy

Ti, *

Qro.ssictz

Fiona Grassick Director

Q.

The notes on pages 13 to 17 form part of the financialstatements

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The ClonmelJunctionFestivalCLG (A company limlted by guarantee,without a share capltal)

STATEMENT OF FINANCIALPOSITION as at 31 March2017

2017 â‚Ź

2016 â‚Ź

10

1,750

2,869

11

20,259 20,852

10,723

41,110

10,723

Notes NonCurrent Assets Tangibleassets Current Assets Debtors Cash and cashequivalents

Creditors: Amounts falling due within one year

6-

12

(7,7471

(15,87e)

Net GurrentAssets(Liabilities)

33,363

(5,156)

Total Assets less GurrentLiabilities

35,113

(2,287)

Governmentgrants

14

1+i,soo;

g

Net Liabillties

(12,3871

Reserves lncome statement

(12,3871

(2,287)

Equity attributableto ownensof the company

(12,3871

(2,287)

Kilroy Director

Fo*

(<r-s,r;u<

-FjonaGrasslck Director

on pages13 to 17

part of the financialstatements

The ClonmelJunctionFestivalCLG (A company limited by guarantee,without a share capital)

OF CHANGESIN EQUITY STATEMENT as at 31 March2017 Retained deficit

Total

€€ (17,739)

(17,739)

Surplusfor the year

15,452

15,452

A t 3 1 M a r c h2 0 1 6

(2,287)

(2,287)

Deficitfor the year

(10,100)

(10,100)

At 31 March2017

('t2,3871

(12,3871

At 1 April 2015

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The ClonmelJunctionFestivalCLG (A company limited by guarantee,without a share capital)

STATEMENTOF CASHFLOWS for the yearended31 March20'17

Cash flows from operating activities (Deficit)/surplus for the year Adjustmentsfor: Deoreciation Movementsin workingcapital: Movementin debtors Movementin creditors from operations Cash (usedin)/generated Cash flows from financing activities Governmentgrants

2016 â&#x201A;Ź

(10,100)

15,452

1,119

1,145

(8,981)

16,597

(9,535) 4,359

(8,168) (6,826)

(14,1571

1,603

47,500

33,343 (12,4911

Net increasein cash and cash equivalents Gashand cash equivalentsat beginningof financialyear Cash and cash equivalentsat end of financialyear

2017 â&#x201A;Ź

18

20.852

1,603 (14,094) (12,491)

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The ClonmelJunction FestivalCLG (A company limited by guarantee,without a share capital)

STATEMENTS NOTESTO THE FINANCIAL for the yearended31 March2017 1.

GENERALINFORMATION in the Republicof The ClonmelJunctionFestivalCLG is a companylimitedby guaranteeincorporated lreland.

2.

POLICIES ACCOUNTING The followingaccountingpolicieshave been appliedconsistentlyin dealingwith itemswhich are considered materialin relationto the company'sfinancialstatements.

Statementof compliance The financialstatementsof the companyfor the year ended31 March2017havebeen preparedon the going generallyacceptedaccountingprinciplesin lrelandand lrish statute concernbasis and in accordance.with with the FinancialReportingStandardapplicablein Act 20i4 and in accordance the Companies comprising Reporting Council. of lreland(FRS102)issuedby the Financial the UnitedKingdomandthe Republic Basis of preparation The financialstatementshave been preparedon the going concern basis and in accordancewith the historicalcost conventionexcept for certain propertiesand financial instrumentsthat are measuredat revaluedamountsor fair values,as explainedin the accountingpoliciesbelow. Historicalcost is generally given in exchangefor assets.The financialreportingframework basedon the fair value of the consideration that has been appliedin their preparationis the CompaniesAct 2014 and FRS 102 "The FinancialReporting Standardapplicablein the UK and Republicof lreland"issuedby the FinancialReportingCounciland promulgatedby the Instituteof CharteredAccountantsin lreland. lncome Turnovercomprisesthe invoicevalue of goods suppliedby the company,exclusiveof trade discountsand valueaddedtax.

Grantlncome As far as it is practical,grantincomeis reflectedin the incomeand expenditureaccountin the periodin which the expenditurefor whichthe grantwas appliedis incurred.

Capitalgrants are amortised,and releasedto the incomeand expenditureaccount,over the periodof the estimatedusefullifeof the assetto whichthey relate.

ResourcesExpended Resourcesexpendedare analysedbetweenpublicityand marketing,artisticprogrammeand management costs.Where costs cannotbe directlyattributable,they are aliocatedon a basis consistentwith the use of resources.

IncomingResources Activitiesfor generatingfunds, investmentincome, income from charitableactivitiesand other inocme representstotal incomegeneratedby the companyand are accountedfor on a cash receiptbasis.Income consistsof donationsand other funds generatedby voluntaryactivities.These are includedin the financial statementswhen received at headquarters.lncoming resources have been included in the financial statementsonly when realised or when the ultimate cash realisationof which can be assessedwith reasonablecertainty.

Property,plant and equipmentand depreciation The charge Property,plantand equipmentare statedat cost or at valuation,less accumulateddepreciation. to depreciationis calculatedto write off the originalcost or valuationof property,plant and equipment,less theirestimatedresidualvalue,overtheirexpectedusefullivesas follows: Plantand machinery Fixtures, fittingsand equipment Motorvehicles

-

12.5o/o Straightline 12.5%Straightline 12.5%Straightline

The carryingvalues of tangiblefixed assets are reviewedannuallyfor impairmentin periodsif events or indicatethe carryingvaluemay not be recoverable. changesin circumstances

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The ClonmelJunction FestivalCLG (A company limited by guarantee,without a share capital)

continued

STATEMENTS NOTESTO THE FINANCIAL

for the yearended31 March2017 Trade and other debtors Tradeand otherdebtorsare initiallyrecognisedat fair valueand thereafterstatedat amortisedcost usingthe effectiveinterestmethod less impairmentlosses for bad and doubtfuldebts except where the effect of discountingwould be immaterial.In such casesthe receivablesare statedat cost less impairmentlossesfor bad and doubtfuldebts.

Trade and other creditors Tradeand other creditorsare initiallyrecognisedat fair value and thereafterstatedat amortisedcost using the effectiveinterestrate method,unlessthe effectof discountingwouldbe immaterial,in whichcase theyare statedat cost.

Taxation The companyholds CharitableStatuswith the RevenueCommissioners(CHY 16466)and charitabletax exemptionwas grantedto the company.

3.

DEPARTUREFROMCOMPANIESACT 2014PRESENTATION The directorshave electedto presentan Incomeand ExpenditureAccount insteadof a Profit and Loss enti$' Accountin thesefinancialstatementsas this companyis a not-for-profit

4.

GOINGCONCERN Due to an excess of liabilitiesover assetsof €12,387(2016€2,287)there exists a materialgoing concern issue.The companydirectorsand managementwill focuseffortsin the comingfinancialyear to improvethe revenueearned by the companyby obtainingincreasedsponsorshipand ancillaryinocmeto restorethe solvencyof the companyas soonas possible.

Consequently,having made due enquiriesand consideringthe material uncertaintiesnoted above, the Directorscontinueto adoptthe goingconcernbasis in preparingthe flnancialstatements,whichassumesthta the companywill continuein operationalexistenceand liabilitieswill be dischargedas they fall due for the foreseeable'futurewhich is 12 months from the date of signing the flnancialstatements.The financial statementsdo not includeany adjustmentsthat would result if the companywas unableto continueas a goingconern.

5.

AVAILABLEFORSMALLENTITIES PROVISIONS of our sizeand nature,we use our auditorsto prepareand submittax In commonwithmanyotherbusinesses returnsto the Revenueand to assistwiththe preparationof the financialstatements.

6.

TNCOME The incomefor the year has beenderivedfrom:-

Box Office Receipts Funding LocalGovernment Sponsorship ArtsCouncilFunding ProgramFees Participation AncillaryEarned Failtelreland OtherGrants

2017 €€ 60,133 23,000 50,180 90,000 3,000 1,470 227.783

2016 52,617 15,000 38,394 94,000 1,050 25,240 3,000 2,584 231,885

The wholeof the company'sincomeis attributableto its marketin the Republicof lrelandand is derivedfrom the principalactivityof festivalproduction 7.

OPERATING(DEFICITYSURPLUS

2017 €€

2016

Operating(deficit)/surplusis stated after charging: of property,plantand equipment Depreciation

1,119

1,145

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The ClonmelJunction FestivalCLG (A company limited by guarantee,without a share capital)

continued

STATEMENTS NOTESTO THE FINANCIAL for the yearended31 March2017 8.

EMPLOYEESANDREMUNERATION Numberof employees The averagenumberof personsemployed(includingexecutivedirectors)duringthe yearwas as follows 2017 Number Employees

2016 Number

-_-_:

The staffcostscomprise Wagesand salaries Socialwelfarecosts

ON ORDINARYACTIVITIES TAX ON (DEFICITYSURPLUS

2017 €

2016 €

16,692 1,551

32,466 3,398

18,243

35,864

2017 €

2016 €

Analysis of charge in the year Current tax: Corporationtax

The companyhas a Charitablestatuswith the RevenueCommissioners(CHY 16466)and charitabletax exemptionwas grantedto the company

10.

PROPERTY, PLANTAND EQUIPMENT Fixtures, Plant and machinery fittings and equipment

€

€

Motor vehicles €

Total €

Cost or Valuation A t 3 1 M a r c h2 0 1 7

5,564

6,958

1,650

14,172

Depreciation At 1 April2016 Chargefor the year

5,147 524

5,538 389

618 206

11 , 3 0 3 1 , 11 9

At 31 March2017

c,o/ |

5,927

12,422 1,750

Net book value At 31 March2017

(107)

1, 0 3 1

At 31 March2016

417

1,420

1,032

2,869

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The ClonmelJunction FestivalGLG (A company limited by guarantee,without a share capital)

continued

STATEMENTS NOTESTO THE FINANCIAL for the yearended31 March2017 PRIORYEAR PLANTAND EQUIPMENT 10.1. PROPERTY, Fixtures, Plantand machinery fittings and equipment € € Gost or Valuation

'11.

13.

c

Total

€

At 31 March2016

5,564

6,958

1,650

14,172

Depreciation At 1April2015 Chargefor the year

4,623 524

5,123 415

412 206

10 , 15 8 1,145

At 31 March2016

5,147

E ^?C

618

11,303

Net book value At 31 March2016

417

1,420

1,032

2,869

At 31 March2015

941

1,835

1,238

4,014

2017 €

2016 €

DEBTORS Prepayments and accruedincome

'12,

Motor vehicles

10,723

__^',*

CREDITORS Amountsfalling due within one year

2017 €

Bankoverdrafts Tradecreditors Taxation (Note13) Accruals

7,697 50

I AnO

7,747

15,879

2017 €

2016 €

TAXATION Creditors: VAT PAYE

2016 € 12,491

'0.

1,205 574

50 1,155 1,205

14.

GOVERNMENT GRANTSDEFERRED Increasein year

15.

20'|.7 €€

2016

47,500

STATUS The liabilityof the membersis limited.

Everymemberof the companyundertakesto contributeto the assetsof the companyin the eventof its being of for the paymentof the debtsand liabilities or withinone yearthereafter, woundup whiletheyare members, the companycontractedbeforethey ceased to be members,and of the costs, chargesand expensesof suchamountas may amongthemselves, windingup, and for the adjustment of the rightsof the contributors not exceedino € 2. be required.

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The ClonmelJunctionFestivalGLG (A company limited by guarantee,without a share capital)

continued

STATEMENTS NOTESTO THE FINANCIAL forthe yearended31 March2017 16.

CAPITALCOMMITMENTS at the year-ended31 March2017 The companyhad no materialcapitalcommitments

,17.

PERIOD EVENTSAFTERENDOF REPORTING Therehavebeen no significanteventsaffectingthe companysincethe year-end.

18.

CASHAND CASHEQUIVALENTS Cashand bankbalances Bankoverdrafts

2017 €€ 20,852 -

2016

(12,491)

__!'t* _:yr 19.

APPROVALOF FINANCIALSTATEMENTS The financial. statements were approved and authorised for issue by the board of directors on

17

THECLONMELJUNCTIONFESTIVALCLG (A company limited by guarantee,without a share capital)

INFORMATION SUPPLEMENTARY RELATINgTO THE FINANCIALSTATEMENTS FORTHEYEARENDED31 MARCH2017 NOTCOVEREDBY THE REPORTOF THE AUDITORS THE FOLLOWINGPAGESDO NOT FORMPARTOF THE AUDITEDFINANCIALSTATEMENTS

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The ClonmelJunctionFestivalCLG (A company limited by guarantee,without a share capital)

RELATINGTO THE FINANCIALSTATEMENTS INFORMATION SUPPLEMENTARY ACCOUNT DETAILEDINCOMEAND EXPENDITURE for the yearended31 March2017

lncome Box OfficeReceipts Funding LocalGovernment Sponsorship Arts CouncilFunding ProgramFees Participation AncillaryEarned Failtelreland OtherGrants

2017 €

2016 €

60,133 23,000 50,180 90,000

52,617 15,000 38,394 94,000 1,050 25,240 3,000 2,584

3,000 1,470 227,783

Expenditure Wagesand salaries Socialwelfarecosts Trainingand Research Fees Performance/Artistic ProgrammeMaterials& Expenses Participation ArtistTransportTravel& Accomodation & Promotion Marketing& Distribution Free EventCosts AncillaryProjects Rent lnsurance Costs Administration FestivalStaffArtisticAdministration FestivalStaffnon ArtisticAdministration FestivalStaffnonArtisticProduction Hireof equipmentand ProductionCosts Accomodationand Subsistence Bankcharges Bad debts Generalexpenses Auditor'sremuneration Depreciation

16,692 1,551 86,885 2,857 11,065 22,098 4,026 2,100 1,865 9,812 31,499 7,256 10,501 23,0711,786 700 3,000 1 , 11 9 237,883

Net (deficit)/surplus

(10,100)

informationdoes not form part of the auditedfinancialstatements The supplementary

231,885

32,466 ? ?OR

625 44,803 7,183 7,739 22,455 4,569 26,440 4,000 1,416 6,053 18,629 4,387 6,618 17,602 1,170 1,920 800 15 3,000 1,145 216.433 15,452

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