The MAC (Metropolitan Arts Centre)
Latest income
£3.0m
Latest spending
—
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity delivered an operating surplus of £10,621 for the year ended 31 March 2025, following a period of financial challenges. However, unrestricted reserves stood at £166,958, which is significantly below the stated policy target of £750,000. The trustees remain confident in going concern status but acknowledge risks to long-term stability due to eroded core funding.
What the accounts disclose
Reserves position: below the charity's own stated policy
“unrestricted reserves at year-end of £166,958, against a target of £750,000.” — page 8
Per FY2025 accounts as filed with CCNI.
Employees paid over £60,000: 0
Per FY2025 accounts as filed with CCNI.
Largest income source: Arts Council of Northern Ireland (38% of income)
“Total operating income for the year was £2.939m, with a substantial contribution from public funding and trusts and foundations (ACNI £1,100,500; BCC £120,000; Trusts/Foundations £173,134).” — page 8
Per FY2025 accounts as filed with CCNI.
Trading subsidiary: MAC Trading Company Ltd
“The Charity has established a wholly owned subsidiary, the MAC Trading Company Ltd (TradeCo), a company limited by shares which has a service level agreement with the Charity which provides a licence to TradeCo to carry out artistic programmes and ancillary trading in the building” — page 1
Per FY2025 accounts as filed with CCNI.