THE MAC (METROPOLITAN ARTS CENTRE)

• ⚠

  Material uncertainty over going concern

  In forming our opinion on the financial statements, which is not modified, we have considered the adequacy of the disclosure made in note 2 to the financial statements concerning the group and the parent charitable company's ability to continue as a going concern. The conditions explained in note 2 to the financial statements, indicate the existence of a material uncertainty which may cast significant doubt about the group and the parent charitable company's ability to continue as a going concern. The financial statements do not include the adjustments that would result if the group and the parent charitable company were unable to continue as a going concern.

1. THE MAC (METROPOLITAN ARTS CENTRE) 2010-09-20 → present
2. OLD MUSEUM ARTS CENTRE-THE 1989-07-26 → 2010-09-20

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

HM Chartered Accountants

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“In forming our opinion on the financial statements, which is not modified, we have considered the adequacy of the disclosure made in note 2 to the financial statements concerning the group and the parent charitable company's ability to continue as a going concern. The conditions explained in note 2 to the financial statements, indicate the existence of a material uncertainty which may cast significant doubt about the group and the parent charitable company's ability to continue as a going concern. The financial statements do not include the adjustments that would result if the group and the parent charitable company were unable to continue as a going concern.”

Group structure

1. THE MAC (METROPOLITAN ARTS CENTRE) · parent
   1. The MAC Trading Co. Limited 100% · Northern Ireland · Operation of arts facilities

Significant events

• “2024-25 was a defining year for the MAC. After breaking a long cycle of deficits, we set a clear goal: to deliver a trading surplus and a transformation plan. In a challenging cultural and economic climate, we renewed our purpose, strengthened resilience and pursued creative ambition. The MAC reaffirmed its role as a vital civic space for the arts, a place where ideas are exchanged, creativity flourishes and communities connect. Our annual theme, "Space for Everyone", shaped both our programme and our organisational approach.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +9%

  £1,307,434 → £1,424,869

• Cash

  +6.1%

  £394,564 → £418,464

• Net assets

  -2.4%

  £13,166,918 → £12,851,448

• Employees

  +2.3%

  86 → 88

• Wages

  -21.3%

  £1,530,495 → £1,204,256

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers