2022-03-31-accounts

Theatre in the Quarter Trustees Annual Report 2021-22

Theatre in the Quarter Trustees Annual Report

2021-22

Theatre in the Quarter Trustees Annual Report 2021-22

THEATRE IN THE QUARTER

Charity Registration No: 1129316 Company Registration Number: 5697760 Address for correspondence: Theatre in The Quarter 27 Cambrian Road Chester CH1 4HT

The Company address is:

2 Vicars Lane Chester CH1 1QU www.theatreinthequarter.co.uk

TRUSTEES AND DIRECTORS OF THE COMPANY

N. Dykes V.J Griffiths Pearson John Fryett A.T Jones (Chairman) B.C. Pearson (resigned 2/8/21)

STRUCTURE, GOVERNANCE AND MANAGEMENT

Theatre in The Quarter is a charitable company limited by guarantee. It is governed by its Memorandum and Articles of Association. Its purpose, as set out in its governing documents is:

“To promote, maintain, improve and advance education, particularly by the production of plays and the encouragement of the arts of drama, music, singing and dance.” The directors of the company are also the trustees of the charity. The Board meets several times a year to oversee the charity’s work. The day to day management of the company is carried out by the Artistic Director, with the close involvement of board members. Trustees are appointed by the agreement of a meeting of the existing trustees. In appointing new trustees, we look for individuals with the requisite skills to help develop and sustain our work. The chairman holds an induction meeting with new trustees to familiarise them with the charity’s aims, activities and procedures, and they are given a copy of the Charity Commission’s leaflet ‘The Essential Trustee.’

THE COMPANY’S WORK AND AIMS

Theatre in the Quarter is a professional and community theatre company based in Chester. It commissions and stages original music drama which draws inspiration from the lives and experiences of the people of Chester and surrounding areas. Cast members include young people, adult members of the community and professional actors and musicians; the production team is always made up of professionals.

We have pioneered the use of non-theatrical spaces for our productions. Although this adds significantly to the practical problems we face, it has had the happy result of obliging us to take our work to audiences, rather than them having to come to us. We have been very successful in this, mounting shows in churches, community centres, school and village halls around Chester, Cheshire and beyond.

Through our productions and through creating formal and informal partnerships with other local groups and organisations (residents’ associations, schools, churches, University of Chester, etc.) we make a significant contribution to creating and sustaining community cohesion and sense of identity and to building social capital. We aim to

Theatre in the Quarter Trustees Annual Report 2021-22

provide opportunities for the development of cross-cultural and inter-generational understanding and community cohesion through live theatre, involving people who might otherwise be unlikely to become involved in the arts. We provide opportunities for exchanging and sharing skills, both technical and social, a development route stretching from children's theatre, through to professional performance. Thus, not only will children and young people be able to develop skills in all aspects of musical theatre up to professional standards, but opportunities will be available for professionals to develop skills in youth and community theatre. Our activities are reliant on grants and charges for our performances. In setting these charges, we seek to ensure that our performances are accessible to those on low incomes. In planning our work, the trustees have paid due regard to the Charity Commission’s guidance on public benefit, including the guidance on charging, in line with their duty under section 4 of the Charities Act 2006.

OUR WORK THIS YEAR

TIQ built on skills and outreach developed during the pandemic in 2 main ways: firstly in collaboration with the International Schools Theatre Association engaging with teenagers around the globe in a groundbreaking digital production of their ‘extraordinary year’; secondly combining digital and recorded work with live theatre as face to face activity recommenced and being able to engage not only with live audiences but also via online platforms. The main activities in the year were:

Teenagers being part of a global digital production

Teenagers delivering two face to face theatre and film projects

Children creating a site specific film based on their newly created fairy story ‘Bella’s Magic Quest’

Children delivering their first face to face production since the pandemic ‘Ye trolls of Iceland’

Delivery of Christmas and Spring theatre workshops in Blacon

Patchwork created a live music performance for Christmas 2021

Christmas in Chester Community project based on the 12 days of Christmas

Pilot and developmental activity around the intergenerational project for the Platinum Jubilee involving teenagers meeting and engaging with an older generation in order to interview and share stories

FINANCE

Reserves of at the end of the year were £51693. In line with Arts Council England’s guidance, the trustees aim to develop a reserve equivalent to 3 to 6 months’ operating costs with a view to ensuring that the charity has a limited level of operating capital, principally to support cash flow. This would also allow the charity to invest in future product, for example commissioning a script for a new play, in advance of funding having been committed.

Alistair Jones, Chairman, Theatre in the Quarter

Charity registration number 1129316 Company registration numbgr 05697760 (England and Wales) THEATRE IN THE QUARTER LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

THEATRE IN THE QUARTER LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees N K Dyke5 MrJRFryett V J Griffiths Pear A T Jones Secretary A T Jones Charity number 1129316 Company number 05697760 Registered offlce 2 Vicars Lane Chester Cheshire CH1 1QU Independent examiner McLintocks {NW) Limitad 2 Hilliard5 Cwrt Chestw Bu&ness Park Chester Che5htre CH4 9PX

THEATRE IN THE QUARTER LIMITED CONTENTS Page Trustees, report Independent examinerfs rew)rt Statement of finanrial activities Balance sheet Notes to the finsnasl ststements 6-13

THEATRE IN THE QUARTER LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2022 The Iru51ee5 pre5enl their annual repcwt arvj finanual statements for the year ended 31 March 2L122. The financial statemetrts have been prepared in accordance Vith Ihe accountirrfJ pc41￿eS set out in note 1 to the financial stslements comply the charity's Igoveming ¢thxumentl, the Companies Act 2006 and "Accounting and Repo￿r￿ by Charities_. Slalement of Recommended Practice Sp￿leab￿ to char(ties preparing their accounts in accordance wth the Financial Repothng Standard applicable in the UK and Republic of Ireland IFRS 1021" {effectwe 1 January 2019)- Objectives and activities The charity's objects are to promote. maintain. improve and a(fvanee education particularfy by the production of plays and the encowagement of the arts of rlrama. tnusic, snging awKI dance. In shapiro ils objed.ves for the year and planning its adivities Ihe tnjstees have considered th8 Charity Commission's Guidance on public benefit. induding the guidance on wbli¢ benefit and fee ChargIr￿ The theatre relies on grants and the income from fees and charges to cover ils operating costs. In seth'ng the level of fees, charges and Concessions, the trustees give careful cOns￿er￿tion to the accessibility of the theatre for thtsse o low incomes. The strategies empk)yed to achieve the aims and objectives arè to.. - present a broad range of theatre prrJuctions for the enj¢)ymenl and educathon of the local communty.. - offer opportuntties for a broad range of recp]e to get inve4ved in arts athity. provide facilities for artists to develop The trustees have paid due regard to guidan￿ issued by the Chanty commiss1L￿ in deciding what activities the charity should ur)dertake. Significant Actlvitles TIQ built on the skills and outreach developed during the peak of the pandemic in 2 fflain vrdys" firslty the company cdlaborated wth International Stho(A5 Theatre Assw"ation whom their teenager5 engaged wth teenagers from across Ihe globe in the making of a groundbreaking digital produeli¢n focussing on the 'extraordinary year, that they had INed through. Secondly. as lo face acltvity was able to ￿sUMe, the artists were able lo Combine siyne of the online, re¢(￿defI and ijigital athvity into the live theatre work, not only in the final blended produci of thèatre and film, bul also in l)ein9 able lo engage wth people who for different reasons were ￿111 only ab￿ lo aC￿sS the activity. and be induded. via online ptatfomis. The mwn projects which TIQ delivered were.. Teenagers were part of a global digrtal prOd￿tIO Teenagers delivered bwo face to face theatre and film wojects Children cleated a site spectfic filrll based on their newly created fairy story'Bella's Magic Quest. Children held a first face lo face priu((￿ Sin￿ the paThJemic Yule Trdls of Icdand. Delivery of Christmas and Spring theatre workS￿)pS in Blacnn Patchwork created a Ibve music p&formarKe projed for Christrnas 2021 Christmas in Chestèr Community Projècl basèd on 12 Days of Christrnas Pilot and developmental actmty around the intergeneralional project for the Platinum Jubilee invglving teenager5 meeting and engaging an okler generation in cKder to inlèrview and share stories. Charltsble A¢tlvltles All of the company s activities are in line vAlh its tharita￿e objects.

THEATRE IN THE QUARTER LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Flnanclal rèvlew The financial results for the year are shown in the Statement of Finarrial Activities. Income for the year has increased to £81.991 from £15,671. Expenditure for the year amounted lo £29.711 this has resulted in net profit for the year of £52,280. Thete are total unreslrided fiJnds of £51.693 and total reslrtted fvnds of £38,613 al the year end. ReseThes policy 11 is the p￿1￿ of the charity thal unrestrthd r￿d$ whid) have not teen designated for a specific use shoulL1 be maintained at a lèvel equivalènt to t*fvJeen three and six mmth's expenditLTre. The trustees considers that reserves at this level wll ensure that, in Ihe event of a signtfi(anl drop in fUr￿l￿g. they wll be able lo continue the charity's Gurrenl activities while consideration is gven to ways in 4thich ad￿￿onal funds may be raised. This leve( of reseNes has been mwnlained thrwghout the year. The tru51ees have assessed the major risks lo whth the charity is exposed, aThJ are satisfied that systems are in place to mitigate exwsure lo the major risks. Plan5 for the Future In the year to Comè, Theatre in Quarterwll focJJs on streWheniThJ ils ￿rk Trmth young people. reaching out lo more marginalised communities and finding ways to integrate the work of f(s young adults with additional needs into ils mainstream activty. Structure. governance and management The Charity is a company limited by gu¥an1￿, the charity is c(ntrdI￿I by ils goveTning document. a deed of trust. The trustees, who are also the diie¢tors for the wrpose of ￿MpanY law. and who served during the year and up o the date of signature ofthe financial stslements were- N K Dykes MrJRFryett V J Griffiths Pears A T Jones B C Pearson (Re￿gned 2 August 20211 Recruitment and appointment of new trustees Trustees are appointed by the members at a general meetiro as arKI when new or repl￿eMent skills a required. During the year two Injstees stood down at the Annua General Meeting and were re-elected. Organlsatlonal structure The board of trustees is dected by Ihe annual genera] meeting. The board meets four to six b.rnes a year and more frequently as required. The board caTries fvll responsibility for Ihe organisation delega11r￿ day lo day management of activities to its artist￿ direct￿ and business manager. Th8t ees, report was roved by the Board of Trustees. Trusl Dated" 16 Dècember 2022

THEATRE IN THE QUARTER LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THEATRE IN THE QUARTER LIMITED I report lo the trustees on my examination of the financial statements of Theatre In The Quarter Limited Ilhe charity) for the yeac ended 31 March 2022. Responsibllities and basis of ￿POrt As the trustees of the charity land also 115 directOf5 foi the purposes of company lawl you are responsible for the preparation of the financial slalements in accordance W[￿ the requirements of the Companies Act 2006 Ilhe 2006 Acti Having satisfied myseK that the financial slalements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examir¢ation. I report in respect of my examination of the charity's financial stalements carried out under section 145 of the Charrties Act 2011 Ilhe 2011 Actl In carrying out my examination I have followed all the applicable Directions gNen by the Charity Commisgon under section 145{5llb) of the 2011 Act. Independent examinerfs statement I have Gompleled my examination. I wnfimi that no matters have come to my attention in connection wrth the examination giving MÈ cause to believe that in any material respect.. accounting records were not kept in iespect of the charity as reqUI￿d by se¢tt"on 386 of the 2006 Act., or the financial slalemenls do not atxord wrth those re￿rdS.. or the financial statements do rK)t comply wth the accounling requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter consdwed as part of an independent examinalion., ot the financial slalemenls have not been prepared in accordan￿ wth the methods and principles of the Slalemenl of Rècommended Practice for accounting and reporttng by Charities applicable to charities preparing their accounts in accordance wlh the Financial Repo￿ng Standard applicable in the UK and Republic of Irela￿1 IFRS 1021. I have no concems have come across Th) other matters in connection wth the examination to which attention should be drawn in thi5 report in order lo enable a prortr un(Jerstanding of the finanaal statements to be reached. Caroline Blake FCCA McLinlocks INWI Limited 2 Hilliards Court Chester Busines5 Park Chester Cheshire CH4 9PX Dated.. 16 December 2022

THEATRE IN THE QUARTER LIMITED STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOIWE AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 Unrestricted Restricted funds funds 2022 2022 Totsl Unrestrlcted Restricted funds funds 2021 2021 Total 2022 2021 Notss Donations and legacies Char((able aCtiV￿eS Investments 63.709 16,548 63,709 18.270 12 5,C6CI 6,925 5.060 10,505 106 1.722 12 3,580 1( Total income 1.734 80.257 81.991 3,686 11.985 15.671 Charitsble aclivities 11,750 17.&$1 29.711 11.871 15,104 26,975 Net loutyoingllincoming resources before transfers 110.016) 2.296 52.280 (8,185) (3.1191 {11,3041 Gross transfers be￿een fvnd5 39.000 {39.CNJO) Net In¢omellexpendllurg} for the yearj Net movement In funds 28.964 23.296 S2.280 18,185) 13.1191 (11,3041 Fund balan￿S at 1 April 2021 22.709 15.317 38,026 30,894 18,436 49,330 Fund balanGes at 31 MarGh 2022 51.693 38.613 90.306 22.709 15,317 38,026 The slalemenl of financial activities indudes all gains and losses recognised in the year. l income and expenditure derive from C(￿tinuIng aiknbes. The slalement of financial actiwties also complies the requirements for an income and expenclilure account under the Companies Act 2006.

THEATRE IN THE QUARTER LIMITED BALANCE SHEET AS AT31 MARCH2022 2022 2021 Notes Fixed assets Tangible assets 31,201 Current assets Cash at bank and in hand 59.831 38,025 Creditors- amounts falling due within one year 10 17261 Nel curTent assets 59.105 38,025 Total assets less current liabilities 90,3( 38,026 Incorne funds Restricted funds Unrestricted funds 11 38,613 51,693 15,317 22,709 90.306 38,026 The company is enlilled to the exemption from the audil requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2022. The directors acknowledge their responsibilities for complwng wth the requirements of the Companies Act 2006 with respect lo a¢¢ounting records and Ihe preparation of finar￿la1 statements. The members have not required the company to obtsin an audit of its finarrial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provigons applicable to companies subject to the small companies regime. Th anci81 statemen s were approved by the Trustees on 16 December 2022 Jones stee Company registration number 05697760

THEATRE IN THE QUARTER LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accounting policies Charity infomiatlon Theatre In The Quarter Limited is a wvate company limited by guarantee IllGOtporated in England and Wales. The registered office is 2 Vicars Lane. Cheslw. Cheshi￿, CH1 1QU. 1.1 Accounting convention The financial statèments have been prepared in accordan￿ the chattws wverning documenL the Companies Act 2006. FRS 102 "The Fina￿￿ Reporbng Standard applicable In the UK and Republic ol Ireland. I"FRS 102.1 and the Charities SORP "Acco￿lIng and Reporting by Chariti@s'. Siatement ol Recommended Practice applicable to prepariry their a￿unt$ in aCcOrda￿e with the Finanual Reporting Standard applicable in the UK arKI Republic of Ireland IFRS 102)" {effective 1 January 20191. The charity is a PUl￿1C Benefit Enlrty as defined by FRS 102. The charity has takèn advantage of the proviSK￿S in the SORP for chartties not to prepare a Stat￿ent of Cash Flows. The financia1 sl*ements are prepared in sterling, which is the functional curtenGy of the Gharity. Monetary amounts in these finanual statements are rounded lo the nearest £. The financial statements have been prepared uTrJer the historical cost wnveth"on. The prin(apal accounting policies adopled are sel out below. 1.2 Going concem Al the lime of approving the )Inan¢ial slatements. the trustees have a reasonable èxpectab'on that the charity h8s adeqLJate resources to continue in operational existence for the foreseeatAe future. Thus the trLBtees continue to adopt the going contsm ba&s of accwnling in preparing the financial statements. 1.3 Charitable funds Unreslricled funds are available for use at the disuetion of the trustees in fLtrthèr8ncè of their tharitable objectives. Restricted funds are subject to specffic coTra￿onS by dorK)rs as to how they may be used. The purposes and uses of the restricted funds are set oul in the notes lo the financial statements. 1.4 Income Income 15 remnised when the charity is legally entitled lo it after any performancè conditions have been met. the awnounls can be measuret1 ￿lIablY. aThJ il is probable Ihat income wll be received. Cash donabons are recognised on r￿elPt. Other donations are recognised On￿ the charity has been notified of donation, unless performance Condit￿￿$ require deferr81 of the amount. Income tax recoverable in relation ID donations received urKler GiftAid or deeds of covenant is recognised at Ihe time of the donation. 1.5 Expenditur8 ah"lilie5 are r&r4nised as expenditure as soon as there is a legal OT constTuclive obligab.on committing th8 charity lo that expenditure, it is probable that a transfer of ecommic benefits wll be required in settlement and the amount of the oNigation Can be measured reliabty. Expendf(ure Is accounted for on an accruals basis and has been elassified under headings that aggregate all cnst related to the category. ¥vhe￿ costs cannot be cfiTectly attTibuled lo particular healings th8y have be￿ all￿ated to ath"vilies on a basis Got￿lstent wilh ihe use of resources.

THEATRE IN THE QUARTER LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Accounting policies (Contlnuedl 1.6 Tangible fixed assets Tangible fixed assets are initially measured at ￿5t aThJ subsequenuy measured at cost or valuation. nel of depreciation and any impaim)ent10ss8s. D&pwialion is ￿￿nised so as to write off the cost or valuation of assets less thgr ￿sIdUal values over their usefijl lives on the followin9 bases". Plant and equipment 2N oneost 1.7 Cash and cash equivalents Cash and cash equivalent5 Ir￿Ule cash in hand. deposits held al CAII wth banks, other short-tem) liquid investments with origin81 maturities of thr￿ months or l&ss. and bank overdrafts. Bank overdrafts are shown thin borrowings in current liabill￿es. Basie financial assets Basic financial assets, ￿1th indude debtors and ¢ash and bank balan￿. are initMlly rneasured at transaction price indud1r￿ transaction costs 8ThJ are subsequently cartied al amorh.sed cost Ltsing the effective interest method unless the arrangement constitutes a fift8ncin9 transaction, where the transa¢lion is measured al the present value of the ftjture receipls disc(yJnted at a market rat8 of inleresl. Financial assets dassified as reC￿VabLe Ythhin one ye We not amortised. 8asi¢ ffnan¢ial liabilities Basic financial liabilities. Includrng Creditc￿S and bank loans are initially recognised at Iransaclion price Ljnless the arrangement consb"tutes a ffnancing transaction. where debt instrument is measlffed at the present value of the future payments discounted al a market r of interest Finanaal Ila￿"1￿1eS dasstfied as payable thin one year are not amtytsed Debt instruments are subsequentty carried at amorttse(J cost. uwng 1he effecb.ve interest ote method. Trade ¢￿dItorS are obligations to pay for goods or ServI￿S that have been awutred in the ordinary course of operations from suppliers. Amounts payable a￿ dassified as current liabilities if payment is due within one year %Y less. If nol. they are presented as non-ujrrent liabilities. Tiade creditors are recognised initially at transaction price and 5JJbsequenlly measured at amorb.sed cost usiro the effective inlerost method. Derecognition of financiTal liabilities Financial li?bilities are derecognised when the tharity's contractual ouigations expire or are discharged or 12ncelled. 1.8 Employee beneffts Thé cost of any unused holiday enlrtlement is reccgnised in period in I￿1ch the employee's services are received. Terniinalion benefits are recognised immedsatety a5 an eXp￿nSe when thè charity 15 demonstrably committed to terminate the employmenl of an employee 01 lo piovide temiinatK*n benefits.

THEATRE IN THE QUARTER LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Oonatlons and legacies Restricted Restricted funds funds 2022 2021 Donations and gifts 63,709 5,060 haritable activities Theatre production 2022 Theatre produetlon 2021 Tickets and progfammes Grants Sales of ServI￿S by beneficiaries 8.175 1,750 580 7,200 1,722 18,270 10,505 Analysis by fund Unfeslricted funds Restricted funds 1,722 16.548 3,580 6,g25 18.270 10,505 For the yearended 31 Ma￿h 2021 Unrestricted funds Restricted funds 3.580 6.925 10.505 Investments Unrestricted Unrestricted funds nds 2022 2021 Interest receivable 12 106

THEATRE IN THE QUARTER LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Charitable actlvlties Theatre Theatre production produ¢tlon 2022 2021 Depreciation and impaimient Insuran Produth"on team fees Produdton cost5 7.800 1.079 19,996 1.079 24,606 600 28,875 26.285 Share Of suptx)rt costs (see note 61 Share of govemance costs {see r￿te 6} 110 726 29,711 26.975 Analysis by fund Urweslricted funds Resthcted fvnds 11.750 17,961 11,871 15,104 2S,711 26,975 For the year ended 31 March 2021 Unreslricled funds Restricted funds 11.871 15.104 26,975 Supportcosts Support Govemance Costs 2022 2021 Website Costs 110 110 Accountancy 726 726 690 110 726 836 690 Analysed be￿een Charitable actsvilies 110 726 836 690 Governance costs indudes payments to the ind4Endent examiners of £726 (2021- £6901.

THEATRE IN THE QUARTER LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Trustees None of the Iruslees I￿ any persons conne¢Xed ￿ them) r￿￿¢￿ any remuneration or benefits from the charity during the year. Employees The average monthty number of employees du1v￿ ￿ year was". 2022 Number 2021 Number Total Thete were no employees whose annual remuneration wa5 more than £60,000. Tanglble fixed assets Plant and equipmollt Cost Al l April 2Q21 Additions 2,950 39.000 At 31 March 2022 41,950 Depreciation and impairment Al 1 April 2021 Depreciation charg￿1 in the year 2,949 7,800 At 31 March 2022 10.749 Carrying amount At 31 March 2022 31.201 At 31 Mareh 2021 10 CredltOT5: amounts falling due within one year 2022 2021 Accruals and deferred income 726 10-

00>0 Gi ¢D (oa 00 00 oo) o)00 O WJ U) I￿0 (yro a)t cc S (L () £ W L) ￿ Cn *£ C£

THEATRE IN THE QUARTER LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 12 Analysts of net assets betrfftn funds Unrestricted Restricted 2022 2022 Total Unrestricted 2022 2021 Re5trided 2021 Total 2021 Fund balances at 31 March 2022 are represented by_. Tangible assets Currènt asselsllliabilitiesl 31,201 20,492 31,201 59.105 38,613 22,708 15.317 38,025 51,693 38,613 90.31 22.709 15.317 38,026 13 Related party Irdll5aGtions There were no disclosable related paty trdnsactions during the year12021 - none). 13-

Charity registration number 1129316 Company registration numbgr 05697760 (England and Wales) THEATRE IN THE QUARTER LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

THEATRE IN THE QUARTER LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees N K Dyke5 MrJRFryett V J Griffiths Pear A T Jones Secretary A T Jones Charity number 1129316 Company number 05697760 Registered offlce 2 Vicars Lane Chester Cheshire CH1 1QU Independent examiner McLintocks {NW) Limitad 2 Hilliard5 Cwrt Chestw Bu&ness Park Chester Che5htre CH4 9PX

THEATRE IN THE QUARTER LIMITED CONTENTS Page Trustees, report Independent examinerfs rew)rt Statement of finanrial activities Balance sheet Notes to the finsnasl ststements 6-13

THEATRE IN THE QUARTER LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2022 The Iru51ee5 pre5enl their annual repcwt arvj finanual statements for the year ended 31 March 2L122. The financial statemetrts have been prepared in accordance Vith Ihe accountirrfJ pc41￿eS set out in note 1 to the financial stslements comply the charity's Igoveming ¢thxumentl, the Companies Act 2006 and "Accounting and Repo￿r￿ by Charities_. Slalement of Recommended Practice Sp￿leab￿ to char(ties preparing their accounts in accordance wth the Financial Repothng Standard applicable in the UK and Republic of Ireland IFRS 1021" {effectwe 1 January 2019)- Objectives and activities The charity's objects are to promote. maintain. improve and a(fvanee education particularfy by the production of plays and the encowagement of the arts of rlrama. tnusic, snging awKI dance. In shapiro ils objed.ves for the year and planning its adivities Ihe tnjstees have considered th8 Charity Commission's Guidance on public benefit. induding the guidance on wbli¢ benefit and fee ChargIr￿ The theatre relies on grants and the income from fees and charges to cover ils operating costs. In seth'ng the level of fees, charges and Concessions, the trustees give careful cOns￿er￿tion to the accessibility of the theatre for thtsse o low incomes. The strategies empk)yed to achieve the aims and objectives arè to.. - present a broad range of theatre prrJuctions for the enj¢)ymenl and educathon of the local communty.. - offer opportuntties for a broad range of recp]e to get inve4ved in arts athity. provide facilities for artists to develop The trustees have paid due regard to guidan￿ issued by the Chanty commiss1L￿ in deciding what activities the charity should ur)dertake. Significant Actlvitles TIQ built on the skills and outreach developed during the peak of the pandemic in 2 fflain vrdys" firslty the company cdlaborated wth International Stho(A5 Theatre Assw"ation whom their teenager5 engaged wth teenagers from across Ihe globe in the making of a groundbreaking digital produeli¢n focussing on the 'extraordinary year, that they had INed through. Secondly. as lo face acltvity was able to ￿sUMe, the artists were able lo Combine siyne of the online, re¢(￿defI and ijigital athvity into the live theatre work, not only in the final blended produci of thèatre and film, bul also in l)ein9 able lo engage wth people who for different reasons were ￿111 only ab￿ lo aC￿sS the activity. and be induded. via online ptatfomis. The mwn projects which TIQ delivered were.. Teenagers were part of a global digrtal prOd￿tIO Teenagers delivered bwo face to face theatre and film wojects Children cleated a site spectfic filrll based on their newly created fairy story'Bella's Magic Quest. Children held a first face lo face priu((￿ Sin￿ the paThJemic Yule Trdls of Icdand. Delivery of Christmas and Spring theatre workS￿)pS in Blacnn Patchwork created a Ibve music p&formarKe projed for Christrnas 2021 Christmas in Chestèr Community Projècl basèd on 12 Days of Christrnas Pilot and developmental actmty around the intergeneralional project for the Platinum Jubilee invglving teenager5 meeting and engaging an okler generation in cKder to inlèrview and share stories. Charltsble A¢tlvltles All of the company s activities are in line vAlh its tharita￿e objects.

THEATRE IN THE QUARTER LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Flnanclal rèvlew The financial results for the year are shown in the Statement of Finarrial Activities. Income for the year has increased to £81.991 from £15,671. Expenditure for the year amounted lo £29.711 this has resulted in net profit for the year of £52,280. Thete are total unreslrided fiJnds of £51.693 and total reslrtted fvnds of £38,613 al the year end. ReseThes policy 11 is the p￿1￿ of the charity thal unrestrthd r￿d$ whid) have not teen designated for a specific use shoulL1 be maintained at a lèvel equivalènt to t*fvJeen three and six mmth's expenditLTre. The trustees considers that reserves at this level wll ensure that, in Ihe event of a signtfi(anl drop in fUr￿l￿g. they wll be able lo continue the charity's Gurrenl activities while consideration is gven to ways in 4thich ad￿￿onal funds may be raised. This leve( of reseNes has been mwnlained thrwghout the year. The tru51ees have assessed the major risks lo whth the charity is exposed, aThJ are satisfied that systems are in place to mitigate exwsure lo the major risks. Plan5 for the Future In the year to Comè, Theatre in Quarterwll focJJs on streWheniThJ ils ￿rk Trmth young people. reaching out lo more marginalised communities and finding ways to integrate the work of f(s young adults with additional needs into ils mainstream activty. Structure. governance and management The Charity is a company limited by gu¥an1￿, the charity is c(ntrdI￿I by ils goveTning document. a deed of trust. The trustees, who are also the diie¢tors for the wrpose of ￿MpanY law. and who served during the year and up o the date of signature ofthe financial stslements were- N K Dykes MrJRFryett V J Griffiths Pears A T Jones B C Pearson (Re￿gned 2 August 20211 Recruitment and appointment of new trustees Trustees are appointed by the members at a general meetiro as arKI when new or repl￿eMent skills a required. During the year two Injstees stood down at the Annua General Meeting and were re-elected. Organlsatlonal structure The board of trustees is dected by Ihe annual genera] meeting. The board meets four to six b.rnes a year and more frequently as required. The board caTries fvll responsibility for Ihe organisation delega11r￿ day lo day management of activities to its artist￿ direct￿ and business manager. Th8t ees, report was roved by the Board of Trustees. Trusl Dated" 16 Dècember 2022

THEATRE IN THE QUARTER LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THEATRE IN THE QUARTER LIMITED I report lo the trustees on my examination of the financial statements of Theatre In The Quarter Limited Ilhe charity) for the yeac ended 31 March 2022. Responsibllities and basis of ￿POrt As the trustees of the charity land also 115 directOf5 foi the purposes of company lawl you are responsible for the preparation of the financial slalements in accordance W[￿ the requirements of the Companies Act 2006 Ilhe 2006 Acti Having satisfied myseK that the financial slalements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examir¢ation. I report in respect of my examination of the charity's financial stalements carried out under section 145 of the Charrties Act 2011 Ilhe 2011 Actl In carrying out my examination I have followed all the applicable Directions gNen by the Charity Commisgon under section 145{5llb) of the 2011 Act. Independent examinerfs statement I have Gompleled my examination. I wnfimi that no matters have come to my attention in connection wrth the examination giving MÈ cause to believe that in any material respect.. accounting records were not kept in iespect of the charity as reqUI￿d by se¢tt"on 386 of the 2006 Act., or the financial slalemenls do not atxord wrth those re￿rdS.. or the financial statements do rK)t comply wth the accounling requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter consdwed as part of an independent examinalion., ot the financial slalemenls have not been prepared in accordan￿ wth the methods and principles of the Slalemenl of Rècommended Practice for accounting and reporttng by Charities applicable to charities preparing their accounts in accordance wlh the Financial Repo￿ng Standard applicable in the UK and Republic of Irela￿1 IFRS 1021. I have no concems have come across Th) other matters in connection wth the examination to which attention should be drawn in thi5 report in order lo enable a prortr un(Jerstanding of the finanaal statements to be reached. Caroline Blake FCCA McLinlocks INWI Limited 2 Hilliards Court Chester Busines5 Park Chester Cheshire CH4 9PX Dated.. 16 December 2022

THEATRE IN THE QUARTER LIMITED STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOIWE AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 Unrestricted Restricted funds funds 2022 2022 Totsl Unrestrlcted Restricted funds funds 2021 2021 Total 2022 2021 Notss Donations and legacies Char((able aCtiV￿eS Investments 63.709 16,548 63,709 18.270 12 5,C6CI 6,925 5.060 10,505 106 1.722 12 3,580 1( Total income 1.734 80.257 81.991 3,686 11.985 15.671 Charitsble aclivities 11,750 17.&$1 29.711 11.871 15,104 26,975 Net loutyoingllincoming resources before transfers 110.016) 2.296 52.280 (8,185) (3.1191 {11,3041 Gross transfers be￿een fvnd5 39.000 {39.CNJO) Net In¢omellexpendllurg} for the yearj Net movement In funds 28.964 23.296 S2.280 18,185) 13.1191 (11,3041 Fund balan￿S at 1 April 2021 22.709 15.317 38,026 30,894 18,436 49,330 Fund balanGes at 31 MarGh 2022 51.693 38.613 90.306 22.709 15,317 38,026 The slalemenl of financial activities indudes all gains and losses recognised in the year. l income and expenditure derive from C(￿tinuIng aiknbes. The slalement of financial actiwties also complies the requirements for an income and expenclilure account under the Companies Act 2006.

THEATRE IN THE QUARTER LIMITED BALANCE SHEET AS AT31 MARCH2022 2022 2021 Notes Fixed assets Tangible assets 31,201 Current assets Cash at bank and in hand 59.831 38,025 Creditors- amounts falling due within one year 10 17261 Nel curTent assets 59.105 38,025 Total assets less current liabilities 90,3( 38,026 Incorne funds Restricted funds Unrestricted funds 11 38,613 51,693 15,317 22,709 90.306 38,026 The company is enlilled to the exemption from the audil requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2022. The directors acknowledge their responsibilities for complwng wth the requirements of the Companies Act 2006 with respect lo a¢¢ounting records and Ihe preparation of finar￿la1 statements. The members have not required the company to obtsin an audit of its finarrial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provigons applicable to companies subject to the small companies regime. Th anci81 statemen s were approved by the Trustees on 16 December 2022 Jones stee Company registration number 05697760

THEATRE IN THE QUARTER LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accounting policies Charity infomiatlon Theatre In The Quarter Limited is a wvate company limited by guarantee IllGOtporated in England and Wales. The registered office is 2 Vicars Lane. Cheslw. Cheshi￿, CH1 1QU. 1.1 Accounting convention The financial statèments have been prepared in accordan￿ the chattws wverning documenL the Companies Act 2006. FRS 102 "The Fina￿￿ Reporbng Standard applicable In the UK and Republic ol Ireland. I"FRS 102.1 and the Charities SORP "Acco￿lIng and Reporting by Chariti@s'. Siatement ol Recommended Practice applicable to prepariry their a￿unt$ in aCcOrda￿e with the Finanual Reporting Standard applicable in the UK arKI Republic of Ireland IFRS 102)" {effective 1 January 20191. The charity is a PUl￿1C Benefit Enlrty as defined by FRS 102. The charity has takèn advantage of the proviSK￿S in the SORP for chartties not to prepare a Stat￿ent of Cash Flows. The financia1 sl*ements are prepared in sterling, which is the functional curtenGy of the Gharity. Monetary amounts in these finanual statements are rounded lo the nearest £. The financial statements have been prepared uTrJer the historical cost wnveth"on. The prin(apal accounting policies adopled are sel out below. 1.2 Going concem Al the lime of approving the )Inan¢ial slatements. the trustees have a reasonable èxpectab'on that the charity h8s adeqLJate resources to continue in operational existence for the foreseeatAe future. Thus the trLBtees continue to adopt the going contsm ba&s of accwnling in preparing the financial statements. 1.3 Charitable funds Unreslricled funds are available for use at the disuetion of the trustees in fLtrthèr8ncè of their tharitable objectives. Restricted funds are subject to specffic coTra￿onS by dorK)rs as to how they may be used. The purposes and uses of the restricted funds are set oul in the notes lo the financial statements. 1.4 Income Income 15 remnised when the charity is legally entitled lo it after any performancè conditions have been met. the awnounls can be measuret1 ￿lIablY. aThJ il is probable Ihat income wll be received. Cash donabons are recognised on r￿elPt. Other donations are recognised On￿ the charity has been notified of donation, unless performance Condit￿￿$ require deferr81 of the amount. Income tax recoverable in relation ID donations received urKler GiftAid or deeds of covenant is recognised at Ihe time of the donation. 1.5 Expenditur8 ah"lilie5 are r&r4nised as expenditure as soon as there is a legal OT constTuclive obligab.on committing th8 charity lo that expenditure, it is probable that a transfer of ecommic benefits wll be required in settlement and the amount of the oNigation Can be measured reliabty. Expendf(ure Is accounted for on an accruals basis and has been elassified under headings that aggregate all cnst related to the category. ¥vhe￿ costs cannot be cfiTectly attTibuled lo particular healings th8y have be￿ all￿ated to ath"vilies on a basis Got￿lstent wilh ihe use of resources.

THEATRE IN THE QUARTER LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Accounting policies (Contlnuedl 1.6 Tangible fixed assets Tangible fixed assets are initially measured at ￿5t aThJ subsequenuy measured at cost or valuation. nel of depreciation and any impaim)ent10ss8s. D&pwialion is ￿￿nised so as to write off the cost or valuation of assets less thgr ￿sIdUal values over their usefijl lives on the followin9 bases". Plant and equipment 2N oneost 1.7 Cash and cash equivalents Cash and cash equivalent5 Ir￿Ule cash in hand. deposits held al CAII wth banks, other short-tem) liquid investments with origin81 maturities of thr￿ months or l&ss. and bank overdrafts. Bank overdrafts are shown thin borrowings in current liabill￿es. Basie financial assets Basic financial assets, ￿1th indude debtors and ¢ash and bank balan￿. are initMlly rneasured at transaction price indud1r￿ transaction costs 8ThJ are subsequently cartied al amorh.sed cost Ltsing the effective interest method unless the arrangement constitutes a fift8ncin9 transaction, where the transa¢lion is measured al the present value of the ftjture receipls disc(yJnted at a market rat8 of inleresl. Financial assets dassified as reC￿VabLe Ythhin one ye We not amortised. 8asi¢ ffnan¢ial liabilities Basic financial liabilities. Includrng Creditc￿S and bank loans are initially recognised at Iransaclion price Ljnless the arrangement consb"tutes a ffnancing transaction. where debt instrument is measlffed at the present value of the future payments discounted al a market r of interest Finanaal Ila￿"1￿1eS dasstfied as payable thin one year are not amtytsed Debt instruments are subsequentty carried at amorttse(J cost. uwng 1he effecb.ve interest ote method. Trade ¢￿dItorS are obligations to pay for goods or ServI￿S that have been awutred in the ordinary course of operations from suppliers. Amounts payable a￿ dassified as current liabilities if payment is due within one year %Y less. If nol. they are presented as non-ujrrent liabilities. Tiade creditors are recognised initially at transaction price and 5JJbsequenlly measured at amorb.sed cost usiro the effective inlerost method. Derecognition of financiTal liabilities Financial li?bilities are derecognised when the tharity's contractual ouigations expire or are discharged or 12ncelled. 1.8 Employee beneffts Thé cost of any unused holiday enlrtlement is reccgnised in period in I￿1ch the employee's services are received. Terniinalion benefits are recognised immedsatety a5 an eXp￿nSe when thè charity 15 demonstrably committed to terminate the employmenl of an employee 01 lo piovide temiinatK*n benefits.

THEATRE IN THE QUARTER LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Oonatlons and legacies Restricted Restricted funds funds 2022 2021 Donations and gifts 63,709 5,060 haritable activities Theatre production 2022 Theatre produetlon 2021 Tickets and progfammes Grants Sales of ServI￿S by beneficiaries 8.175 1,750 580 7,200 1,722 18,270 10,505 Analysis by fund Unfeslricted funds Restricted funds 1,722 16.548 3,580 6,g25 18.270 10,505 For the yearended 31 Ma￿h 2021 Unrestricted funds Restricted funds 3.580 6.925 10.505 Investments Unrestricted Unrestricted funds nds 2022 2021 Interest receivable 12 106

THEATRE IN THE QUARTER LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Charitable actlvlties Theatre Theatre production produ¢tlon 2022 2021 Depreciation and impaimient Insuran Produth"on team fees Produdton cost5 7.800 1.079 19,996 1.079 24,606 600 28,875 26.285 Share Of suptx)rt costs (see note 61 Share of govemance costs {see r￿te 6} 110 726 29,711 26.975 Analysis by fund Urweslricted funds Resthcted fvnds 11.750 17,961 11,871 15,104 2S,711 26,975 For the year ended 31 March 2021 Unreslricled funds Restricted funds 11.871 15.104 26,975 Supportcosts Support Govemance Costs 2022 2021 Website Costs 110 110 Accountancy 726 726 690 110 726 836 690 Analysed be￿een Charitable actsvilies 110 726 836 690 Governance costs indudes payments to the ind4Endent examiners of £726 (2021- £6901.

THEATRE IN THE QUARTER LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Trustees None of the Iruslees I￿ any persons conne¢Xed ￿ them) r￿￿¢￿ any remuneration or benefits from the charity during the year. Employees The average monthty number of employees du1v￿ ￿ year was". 2022 Number 2021 Number Total Thete were no employees whose annual remuneration wa5 more than £60,000. Tanglble fixed assets Plant and equipmollt Cost Al l April 2Q21 Additions 2,950 39.000 At 31 March 2022 41,950 Depreciation and impairment Al 1 April 2021 Depreciation charg￿1 in the year 2,949 7,800 At 31 March 2022 10.749 Carrying amount At 31 March 2022 31.201 At 31 Mareh 2021 10 CredltOT5: amounts falling due within one year 2022 2021 Accruals and deferred income 726 10-

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THEATRE IN THE QUARTER LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 12 Analysts of net assets betrfftn funds Unrestricted Restricted 2022 2022 Total Unrestricted 2022 2021 Re5trided 2021 Total 2021 Fund balances at 31 March 2022 are represented by_. Tangible assets Currènt asselsllliabilitiesl 31,201 20,492 31,201 59.105 38,613 22,708 15.317 38,025 51,693 38,613 90.31 22.709 15.317 38,026 13 Related party Irdll5aGtions There were no disclosable related paty trdnsactions during the year12021 - none). 13-