2024-03-31-accounts

Theatre in the Quarter Trustees Annual Report 2023-24

Theatre in the Quarter Trustees Annual Report

2023-24

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 J.Fryett V.J Griffiths Pearson A.T Jones (Chair)

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 being:

“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 Chair holds an induction meeting with new trustees to familiarise them with the charity’s aims, activities and procedures, and they and the ongoing trustees are given links to the Charity Commission’s ongoing training and advice.

THE COMPANY’S WORK AND AIMS

Theatre in the Quarter is a professional and community theatre company based in

Theatre in the Quarter Trustees Annual Report 2023-24

Chester. Primarily 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 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 2011.

OUR WORK THIS YEAR

The Charity (TIQ) reached out to more marginalised communities with a large-scale intergenerational project called Top of the Tower including Afghan and Ukrainian refugees.

TIQ continued to capitalise on its investment in its Audio-Visual system by integrating film and sound into its work.

TIQ continued its partnership with Live! Cheshire and local community groups to build on its engagement with people with additional needs.

The main projects delivered in the year to 31[st] March 2024 were as follows:

1. Full delivery of the intergenerational and multi-community project Top of the Tower in partnership with Chester Cathedral and Live! Cheshire involving teenagers, refugees, adults with additional needs and children living in the Blacon area

2. A children’s musical jubilee project which engaged 600 children across Cheshire West

3. Teenagers delivered one additional project to Top of the Tower involving Theare and Film

4. Children delivered two live theatre and film projects drawing on a wider and more marginalised community base

Theatre in the Quarter Trustees Annual Report 2023-24

1. Delivery of summer Theatre workshops

2. Patchwork created a live music performance project for Christmas 2023

FINANCE

Reserves at the end of the year stood at £52792. In line with Arts Council England’s guidance, the trustees aim to develop a minimum reserve of 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, Chair, Theatre in the Quarter

Charlty registration number 1129316 Company registrntlon number 05697760 (England and Wales) THEATRE IN THE QUARTER LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

THEATRE IN THE QUARTER LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees N K Dykes MrJRFryett V J Grtffths Pearson ATJ￿e$ Sgcretary A T Jones Charty number 1129316 Company number 0569T160 Registered offl¢e 2 Vicars Lane Chester Cheshire CH11QU Independent examlner McLintocks {NWI Limf(ed 2 Hilltards C(yJrt Chester Busness Patk Chester Cheshire CH4 9QP

THEATRE IN THE QUARTER LIMITED CONTENTS Page Trustees. reptsrt Independent examinerfs re1K￿t Statement of ffinancial actNities Balan￿ sheet Notes lo the finan￿￿ statements 6-14

THEATRE IN THE QUARTER LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees wesent Iheir annual report arKI ffinarrial statemenls for the year ended 31 March 2024. The financial stemenls have beeti prepar8d in aC￿rdanCe the acttjunting poliaes set out in not8 1 to the financial slalements and comply with the tharjtys tgoveming ￿0￿mentI. the Companies Art 20C6 and 'Accounting and Reporbng by Charities.. Statement of RecommeThd praCt￿e applicable to charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 102)" leffeclive 1 January 20191- ObjeGtives and activities The Charity's objects are to promole. maintain. improve and advan￿ education PartI￿1?￿Y by Ihe production of plays and the encouragement of the arts of drama, music. ￿ngIng and dance. In shaping ils objectives for the year and planning its athvthes . the truslees have considered the Charity Cotmmission's Guidan￿ on public benefiL induding the guida￿ on publio benefft and fee charging. The theatre relies on grants and the income from fees and ¢har9es to cover its operating Costs. In setting Ihe level of fees, arges and concessions, the trustees give CAreful CA)nsid8r3tion lo Ihe accès%bility of the theatre for thDse on low incomes. The strategies employed to achieve the aims and oW*ves a￿ lo.. - wesent a broad range of theatre py0d￿li0ns for the enjoyment and ￿luca110n of the k)cal ￿MMUnIty., - offer opportunities for a broad range of people to get invofve(J in arts activity,. provide facilities for artists to develop The trustees have paid due regard to guiLlance issued by the Chanty Commission in de(ading what 8¢tivities the charity should undertake. Slgnificant Actmtles TIQ reachecl out lo more marginalised communiti.es a krge seale inlergenerational project called Top of The Tower, including Afghan and Ukrainian relugees TIQ eonlinued to C8Pitalise on its investment in AV system by integrating film and scwné into its work TIQ continued ils partnership wrth Livel Cheshire and IL￿￿ commun.rty groups to i￿lIcI on rts engagement wth people with additional needs The main projects which TIQ delivered were as f￿low5.. Full delivery of intergenerakn.onal and mulli-communty project call￿j Top of The Tower in partnership wlh Chester Cathedral and Live! Cheshire - invoth.ng teenagers, refugees. adu￿$ with additional needs and chIld￿n from Blaco . Children's Musical Jubilee project which engaged 600 children across Cheshire . Teenagers debvered one additional theatre and film project to Top ofThe tower Children created Nvo live theatre and film projects - drawng on a wder and more marginalised (tjmmunity base . Delivery of Summer theatre workshops . Patchwork ereateLI a live music perfomance project for Christmas 2023 Charitable Activities Al of the company's activities a￿ in line with its charitsble objects.

THEATRE IN THE QUARTER LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Flnanclal review The financial results for the year are shown in the Ststement of Finanaal AclNilies. Income for the year has decreased from £39,722 10 £ 34,479. Expenditure for the year amounted to £48,777 and this has resulted in net defiat for the year of £14,298. There are total unrestricled funds of £52.792 and lotsl ￿$trIrted fvnds of £3,078 al the year end. Rgserv&s poll¢y It is the policy of the charity that unrestricted funds vthich have not been d&￿gnated for a specffic use should be maintained at a level equivalent to be￿¥een three and six month's expenditure. The trustees considers that reserves at this level will ensure that. in the event of a signtficanl drop in funding, they will be able to continue the charity's current activities while consideration is given lo ways In whth addTtity)al funds may be raised. This level of reserves has been maintained througlK)ut the year. Th8 truste8s have assessed the major risks lo which the chanty is exposed. 8ThJ are satisfied that systems are in place to mitigate exposure lo the major risk5. Plans for the Future In the year to come. Theatre in Quarter will ￿tInUe to f￿S on strengthening ils work with young people, rea¢hing out to more marginalised communities a￿1 finding ways lo integrate the wotk of ils young adu115 with additional needs into its mainstream activity- structure. governance and management The charity is a company limtted by guarantee. the charity is controlled by its governing document, a deed of trust. The trustees, who are also the directors for the purpose of company law. and who served ¢Juring the year and up to the date of signature of the finanaal statements were". N K Dykes MrJRFryett V J Griffilhs Pearson A T Jones Recruitment and appointment of new trustees Trustees are appointed by the memtÈrs at a geneTrl meeting as and when new or replacement skills are required. During the year trustees stood down at the Annual General Meeting and were re-elected. Organisational stru¢tur& The board of trustees 1$ elected by the annual general mèeting. The board aims to meel three to four times a year ar)d more frequentty as required. The board carries full ￿$F￿)nSibIlIty for the organisab'on delegatng day lo day management of adivitie5 to its arlistiG diteL#oi and busines5 manager. The trustees, report was approved by the Board of Trustees. ones ee Dated." 29 October 2024

THEATRE IN THE QUARTER LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THEATRE IN THE QUARTER LIMITED I report lo the Iruslees on my examination of fjnarrial statements of Theatre In The Quarter Limited Ilhe charity) for the year ended 31 Marth 2024. Responslbllitles and basls of report As the trustees of the charity land also its dire¢lors for the purposes of comp8ny18w) you are responsibl? for the preparation of the financial statements in accordance wth the requirements of the Companies Act 2006 (the 2006 Act). HaV1r￿ satisfied myself that the finanaal stslements of the charity are not required to be a(Kliled under Part 16 of the 201A A¢t and are eligible for independent examination. I report in respect of my examination of the tharitys financial statements carrièd out under se¢b"on 145 of the Ch￿rtIeS Act 2011 lthe 2011 Act). In Car￿n9 out my examinalion I have followed *1 the applicable Diredions given by the Charity Commisson under sectton 14515llbl of the 2011 AGL Independent examinerfs statement I have completed my exarnination. I conffimi that no matters have come to my attention In cfjnnection wlh the examination giving me cause to betieve that in any material respect". accounting records were not kepl in respect of the ¢harity as required by section 386 of the 2006 Acl; or the financial statements (k) not accord ￿ those records., or the financial statements do not comply Ihe accounkn.ng r4uirements of section 396 of thè 20[￿ Act other than any requirement that the accourts gwe a true and fair view vthich is not a matter considered as part of an independent examination.. or the financial slalemenls have not been prepared in aCCor(lan￿ y￿h U)e wnethods and principles of the ststemenl of Recommended Practice for accounting and repo￿ng by ¢harrf(i&s ap￿1¢able lo charities preparing their account5 in accordance with Ihe Financial Repo￿"ng Standard applicable in the UK arvJ Republic of Ireland IFRS 1021. I have no concems and have come acxoss rLO Other matters in connection wth the examination lo which attention should be drown in this report in order to enable a pyoper understanding of the finanaal statements to be reached. Caroline Blake FCCA McLintocks INW) Limited 2 Hilliards Court Chester Business Park Chestèr Cheshire CH4 9QP Dated.. 29 October 2024

THEATRE IN THE QUARTER LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOMEAND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Re5trKted funds fvnd$ 2024 2024 Total Unrestrkled Restricted funds funds 2023 2023 Total 2024 2023 Notes Income from: Donations and legacies Charitable activities Investments 2,150 10,925 574 4.750 16,080 1,390 10,IX)O 2.400 25.932 3,790 35.932 27,005 574 Total inGome 13.649 20,830 34,479 11,390 28.332 39.722 Expenditure on: Chaiitable activities 25.857 22.920 48.777 11,174 48.686 59.860 Total expenditure 25.857 22,920 48,777 11,174 48.686 59,860 Net expenditur¢ 112,208} 12.0901 (14,298) 216 (20.3541 120,1381 Transfers between funds 11,153 111,1531 1,938 {1,9381 Net movement In fun(Is 11.055) (13,2431 (14.298) 2,154 (22.2921 120.1381 Reconciliation of funds: Fund balarKes at 1 Apnl 2023 53.847 16.321 70,168 51,693 38.613 90,306 Fund balances at 31 March 2024 52,792 3.078 55.870 53,847 16.321 70,168 The statement offinancial adivib'es indudes all gains and losse5 recognised in the year. All I￿ome and expenditure derive from continuing adivities.

THEATRE IN THE QUARTER LIMITED BALANCE SHEET ASAT31 MARCH2024 2024 2023 Notss Flxed assets Tangible assets 11 14.421 22.811 Current assets Cash at bank and in hand 42.289 48,197 Creditors- amounts falllng due within one year 12 (8401 184C)I Net current assets 41,449 47.357 Total assets less current liabllltles 55,870 7D,188 Net assets excluding pension liability 55.870 70.168 The funds ofthe charity Restricted income funds Unrestricted funds 13 3,078 52,792 16.321 53.847 55,870 70,168 The c(ympany is entitled to the exemption from the audit requirement contained in seclion 477 of the Companies Act 2006, lor the year ended 31 March 2024. The directors acknowledge their resF1Jn￿kn'litleS for complwng with the requirements tsf the Companies Act 2006 with respect lo accounting records and Ihe preparation of finanual staternent5. The members have not require(J the company to obtain an audit of ts finarrial statements for th2 year in question in accordance wlh secbon 476. These fina￿la1 statements have been prepared in accordancA th the provtsions applicable lo companies subject to the small eompsnies regime. The finanaal stat8m8nts were approved by the trustees on 29 October 2024 A T Jones Trustee Company regislth.on numbei 05697760 IETrJJand and ￿les}

THEATRE IN THE QUARTER LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policles Charlty Inforniatlon Theatre In The Quarter Limited is a private company limited by guarantee incorpomted in England and Wales. The registered office is 2 Vicars Lane. Chester, Cheshire. CH1 1QU. 1.1 Accounting convention The finan¢ial stslements have ￿en prepared in accordance wilh the charty's governing document. the Companies Act 20(￿, FRS 102 -The Finanoal Reporting Stsndar¢J applicab￿ in the UK and Republic of Ireland" I"FRS 102.1 and the char￿e$ SORP "Accounting and Rep￿Ing by Charities. Statement ol Recommended Practice applicable lo chwtlies preparing their awounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021" (effective 1 January 2019}. The tharity is a Public B8nefil Entty as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charrbes rK)t lo prepare a Statallenl of Cash Flows. The fjnancial slalements are prepa￿d in sterfing. whith is the fu￿lonal currency of the rknrity. Monetary amounts in trese financial statements are rounded to the ￿arest £. The financial statements have b￿n prepared under the historical cost convention. The principal a¢￿Unting liaes adopted 8re set out betow. 1.2 Going concern Al the time of apF)rowng Ihe finanaal statements. Ihe tnjstees have a reasonable expectation that the tharity s adequate resour¢es to continue in operational e￿Stence for Ihe foreseeable future. Thus thè tr￿leeS continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discrelion of the trustees in furtherance of their tharitable objectives. Restricted fijnds are subject lo specific coThJTiTons by donots or g￿nI￿S as to how they Tnay be used. The purposes and uses of the restricted funds are sel out in the r￿e$ lo the finanaal stslements. 1.4 Income Income 15 reGognised when the chanty is legally entilled to it after any perfomiance ¢￿dItIonS have been mel. the amounts can k measure(J reliably, and it is probatye thal ir￿e ￿11 be received. Cash donations are reccyJnised on receipt. Other donatTrms ￿ re￿gnised txce the charity has been notified of the donation, unless Perfor[nan￿ wndtb.ons requi￿ deferral of the amount. Income tax recoverable in relation to donations received under GiftAd or deeds of covenant is recognised at the time of the donation. 1.5 Expenditure Liabilities are recognised as expendilure as soon as there is a legal or constnjctive obligats.on committing the tharity to that expenditure. it is probable that a transfer of economK benefits will be required in settlement and the amount of the obligation can be measured reliabty- EXtEThjitu￿ is accounted for on an accruals basis and has been das5ffied under headings that aggregate all cost rdaled to the cat￿ory. Wnere costs ¢annot be direcuy attrit￿ted lo partiujlai headings Ihey have I￿] allo(31ed to activ￿e$ on a basis consistent wth the Use of reSoU￿s.

THEATRE IN THE QUARTER LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles {Contirbuedl 1.6 Tangible fixed assets Tangible fixed assets are initially wneasureil at CQSt and subsequenlty measured at o￿t or valuation. net of depreciation and any impairment losses. Depreciation is recognised so as to writ8 oll the ujsl or valuation of assets less their re$￿Ual values over their useful lives on the followng bases. Plant and equip¥nent 20% on cost 1.7 Cash and equivalents Cash and cash equivalent5 include cash in hand. deposils held at call with banks, other short-temi liquid investments with original malurilies of Ihree monlhs or ￿ts$. aThd bank overdrafts. Bank overdrafts are shown thin borrowngs in current liabilities. Basic financial assets Basic financial assets, whKth indLKle deblors and cash a￿j bank balances, are initially measured al transactson WI￿ induding transacbon costs and are subsequenuy carried at amorbsed cost using the effective interest method unless the arrangèment constilutes a financing transaction. where the transaction is measured at the present value of the ftjlure receipts di$￿Unte￿ al a market rale of interest. Financial assets lassified as receivable within year are not amorb"sed. Basic financial liabilities Basi¢ financial liabiliti￿. in¢luding c￿dItorS and bank loans are intt]"ally reox)gnised al IiansactiDn PriGe unless the arrangèment cA)nstilLrtes a finanung transactTron. where the debt instrument is meaSU￿d at the prèsent value of the future payments discounted at a market rate of interest. Financial liabilities dassfied as payable wthin one year a￿ nol amortised. Debt instruments are sukwquentty catried at amorb.sed cost. Using the effective interest rate method. Trade creditors are obtigations lo pay for goods LY semces that have been acquired in the ordinary course of operations from suppliers. Amounts payable are Glassffjed as current liabilities rf payment is due within one year or less. If not, thÈy are presenle¢J as non-￿r￿n1 l￿bilities. Trade crediltrrs are recognised initially al transaction wtce and subsequentty measured at amoth"SLxI cosl using the effective interest method. Derecog17ition of financial liabilities Finanoal liabilib.es are derecognised vthen the tharity's contractual obligations expire or are discharged or cancelled. 1.8 Employee beneffts The cost of any unused holiday entiuemenl is recognised in the period in which the em ￿0yee'S services are receive¢J. Teminalion benefits are recognised immedialety as an expense when the charity is demonstrabty committed lo terminatè the employment of an employee or to provTde tennination benefrts. Income from donations and legacies Unrestricted Restricted funds funds 2024 2024 Total Unr8Stricted Restrlcted funds funds 2023 2023 Total 2024 2023 Donab'ons and gffts 2,150 4.750 6,￿0 1.390 2.400 3.790

THEATRE IN THE QUARTER LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Incorne from donations and legacies Icontlnuedl Charitable activities Theatrg production 2024 Theatre production 2023 rickets and programmes Grants 6,005 21,000 11.932 24.000 27,005 35.932 Analysi5 by fund Unreslricled funds Restricted ftjnds 10.925 16,080 10,000 25.932 27,005 35,932 For the year ended 31 March 2023 Unreslri¢ted funds Restricted fijnds 10,(KJD 25,932 35.932 Income from investments Unrestricted Unrestricted funds funds 2024 2023 Interest receivable 574

THEATRE IN THE QUARTER LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charltable activities Theatre Theatre production production 2024 2023 Depreciation and impaimiènt Insuiance Adverti&ng Production team fees Production costs Production equipment repairs 8.390 1,079 8,390 1,079 450 48,236 17,904 6,566 13,362 47,301 58.155 Share of support e05ts (see note 6) Share of govemance costs (see note 6} 142 1,334 55 1.650 48.777 59,860 Analysls by fvnd Unrestricted funds Restricted funds 25,857 22,920 11,174 48,686 48,771 59,860 For the year ended 31 March 2023 Unreslricled funds Reslrided funds 11,174 48,686 59,860 Supportcosts Support Governance costs 2024 2023 Website Costs 142 142 55 Accountancy Legal and piofessional 834 500 834 500 1,650 142 1,334 1.476 1.705 Analysed between Charitable activities 142 1,334 1,476 1.705 Governance costs includes payments to the irKlependent examiners of £83412023- £810}.

THEATRE IN THE QUARTER LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Net movernent in funds 2024 2023 The nel movement in funds is stated after thargin￿(￿e￿I￿ngl. Depreciation of owned tangible fixed assets 8,390 8.390 Trustees None of the trustees lor any perS￿S connected with them) ￿￿1ved any ￿MUneratIon or benefits from the charity ¢Juring the year. Employees The average monthly number of employees during thè year was". 2024 Number 2023 Number Total There were no employees ￿0$e annual remuneraion was more than £60.OC4J. Remuneration of key management petsonnel The remunefation of key management pwsonnel was as fdlows.. 10 Taxation The charity is exempt from taxth.on on tts acbvilies twause all its income is applied for charrtable purposes. 11 Tangible fixed assets Plant and equlprnent At 1 April 2023 41,950 At 31 March 2024 41,950 DepreGiation and impaim)ent At 1 April 2023 Depreaats'on charged in the year 19.139 8,390 Al 31 March 2024 27.529 Carying amount At 31 Marth 2024 14.421 Al 31 Marth 2023 22,811 10-

THEATRE IN THE QUARTER LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 12 C￿ditOrS". amounts lalling due withln one year 2024 2023 Accruals and deferred income 840 11

I￿￿0¢00 Lr) ¢D o ro o OfDO ¢7) O rOOO Lnoo 00000 000 4)Lr> (y ry o ¢0 O Oojo 00 op)* UooUU ttSk-LU<<4£X)?IW

THEATRE IN THE QUARTER LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Unrestricted funds The unrestricted ftjnds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside OLrt of Un￿s1￿cled funds by the trustees for specifi¢ purposes. At 1 April 2023 Incoming resources Resources expended Transfets At 31 March 2024 General funds 53.847 13.649 125.857) 11,153 52.792 Previous year: At 1 April 2022 Incorning resources Resources expended Transfers At 31 March 2023 General funds 51.693 11.390 111.174) 1,938 53.847 15 Analysls of net assets between funds Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 March 2024- Tangible assets Current assetsllliabililies} 14.421 38.371 14.421 41.449 3,078 52.792 3,078 55,870 Unrestricted funds 2023 Restricted funds 2023 Total 2023 At 31 March 2023.. Tangible assets Csjrrent assetsllliabililiesl 22,811 31.036 22.811 47,357 16.321 53,847 16,321 70,168 16 Related party transadton$ There were no di5closable related party transactions during the year12023 - none). 14-

Charlty registration number 1129316 Company registrntlon number 05697760 (England and Wales) THEATRE IN THE QUARTER LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

THEATRE IN THE QUARTER LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees N K Dykes MrJRFryett V J Grtffths Pearson ATJ￿e$ Sgcretary A T Jones Charty number 1129316 Company number 0569T160 Registered offl¢e 2 Vicars Lane Chester Cheshire CH11QU Independent examlner McLintocks {NWI Limf(ed 2 Hilltards C(yJrt Chester Busness Patk Chester Cheshire CH4 9QP

THEATRE IN THE QUARTER LIMITED CONTENTS Page Trustees. reptsrt Independent examinerfs re1K￿t Statement of ffinancial actNities Balan￿ sheet Notes lo the finan￿￿ statements 6-14

THEATRE IN THE QUARTER LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees wesent Iheir annual report arKI ffinarrial statemenls for the year ended 31 March 2024. The financial stemenls have beeti prepar8d in aC￿rdanCe the acttjunting poliaes set out in not8 1 to the financial slalements and comply with the tharjtys tgoveming ￿0￿mentI. the Companies Art 20C6 and 'Accounting and Reporbng by Charities.. Statement of RecommeThd praCt￿e applicable to charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 102)" leffeclive 1 January 20191- ObjeGtives and activities The Charity's objects are to promole. maintain. improve and advan￿ education PartI￿1?￿Y by Ihe production of plays and the encouragement of the arts of drama, music. ￿ngIng and dance. In shaping ils objectives for the year and planning its athvthes . the truslees have considered the Charity Cotmmission's Guidan￿ on public benefiL induding the guida￿ on publio benefft and fee charging. The theatre relies on grants and the income from fees and ¢har9es to cover its operating Costs. In setting Ihe level of fees, arges and concessions, the trustees give CAreful CA)nsid8r3tion lo Ihe accès%bility of the theatre for thDse on low incomes. The strategies employed to achieve the aims and oW*ves a￿ lo.. - wesent a broad range of theatre py0d￿li0ns for the enjoyment and ￿luca110n of the k)cal ￿MMUnIty., - offer opportunities for a broad range of people to get invofve(J in arts activity,. provide facilities for artists to develop The trustees have paid due regard to guiLlance issued by the Chanty Commission in de(ading what 8¢tivities the charity should undertake. Slgnificant Actmtles TIQ reachecl out lo more marginalised communiti.es a krge seale inlergenerational project called Top of The Tower, including Afghan and Ukrainian relugees TIQ eonlinued to C8Pitalise on its investment in AV system by integrating film and scwné into its work TIQ continued ils partnership wrth Livel Cheshire and IL￿￿ commun.rty groups to i￿lIcI on rts engagement wth people with additional needs The main projects which TIQ delivered were as f￿low5.. Full delivery of intergenerakn.onal and mulli-communty project call￿j Top of The Tower in partnership wlh Chester Cathedral and Live! Cheshire - invoth.ng teenagers, refugees. adu￿$ with additional needs and chIld￿n from Blaco . Children's Musical Jubilee project which engaged 600 children across Cheshire . Teenagers debvered one additional theatre and film project to Top ofThe tower Children created Nvo live theatre and film projects - drawng on a wder and more marginalised (tjmmunity base . Delivery of Summer theatre workshops . Patchwork ereateLI a live music perfomance project for Christmas 2023 Charitable Activities Al of the company's activities a￿ in line with its charitsble objects.

THEATRE IN THE QUARTER LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Flnanclal review The financial results for the year are shown in the Ststement of Finanaal AclNilies. Income for the year has decreased from £39,722 10 £ 34,479. Expenditure for the year amounted to £48,777 and this has resulted in net defiat for the year of £14,298. There are total unrestricled funds of £52.792 and lotsl ￿$trIrted fvnds of £3,078 al the year end. Rgserv&s poll¢y It is the policy of the charity that unrestricted funds vthich have not been d&￿gnated for a specffic use should be maintained at a level equivalent to be￿¥een three and six month's expenditure. The trustees considers that reserves at this level will ensure that. in the event of a signtficanl drop in funding, they will be able to continue the charity's current activities while consideration is given lo ways In whth addTtity)al funds may be raised. This level of reserves has been maintained througlK)ut the year. Th8 truste8s have assessed the major risks lo which the chanty is exposed. 8ThJ are satisfied that systems are in place to mitigate exposure lo the major risk5. Plans for the Future In the year to come. Theatre in Quarter will ￿tInUe to f￿S on strengthening ils work with young people, rea¢hing out to more marginalised communities a￿1 finding ways lo integrate the wotk of ils young adu115 with additional needs into its mainstream activity- structure. governance and management The charity is a company limtted by guarantee. the charity is controlled by its governing document, a deed of trust. The trustees, who are also the directors for the purpose of company law. and who served ¢Juring the year and up to the date of signature of the finanaal statements were". N K Dykes MrJRFryett V J Griffilhs Pearson A T Jones Recruitment and appointment of new trustees Trustees are appointed by the memtÈrs at a geneTrl meeting as and when new or replacement skills are required. During the year trustees stood down at the Annual General Meeting and were re-elected. Organisational stru¢tur& The board of trustees 1$ elected by the annual general mèeting. The board aims to meel three to four times a year ar)d more frequentty as required. The board carries full ￿$F￿)nSibIlIty for the organisab'on delegatng day lo day management of adivitie5 to its arlistiG diteL#oi and busines5 manager. The trustees, report was approved by the Board of Trustees. ones ee Dated." 29 October 2024

THEATRE IN THE QUARTER LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THEATRE IN THE QUARTER LIMITED I report lo the Iruslees on my examination of fjnarrial statements of Theatre In The Quarter Limited Ilhe charity) for the year ended 31 Marth 2024. Responslbllitles and basls of report As the trustees of the charity land also its dire¢lors for the purposes of comp8ny18w) you are responsibl? for the preparation of the financial statements in accordance wth the requirements of the Companies Act 2006 (the 2006 Act). HaV1r￿ satisfied myself that the finanaal stslements of the charity are not required to be a(Kliled under Part 16 of the 201A A¢t and are eligible for independent examination. I report in respect of my examination of the tharitys financial statements carrièd out under se¢b"on 145 of the Ch￿rtIeS Act 2011 lthe 2011 Act). In Car￿n9 out my examinalion I have followed *1 the applicable Diredions given by the Charity Commisson under sectton 14515llbl of the 2011 AGL Independent examinerfs statement I have completed my exarnination. I conffimi that no matters have come to my attention In cfjnnection wlh the examination giving me cause to betieve that in any material respect". accounting records were not kepl in respect of the ¢harity as required by section 386 of the 2006 Acl; or the financial statements (k) not accord ￿ those records., or the financial statements do not comply Ihe accounkn.ng r4uirements of section 396 of thè 20[￿ Act other than any requirement that the accourts gwe a true and fair view vthich is not a matter considered as part of an independent examination.. or the financial slalemenls have not been prepared in aCCor(lan￿ y￿h U)e wnethods and principles of the ststemenl of Recommended Practice for accounting and repo￿ng by ¢harrf(i&s ap￿1¢able lo charities preparing their account5 in accordance with Ihe Financial Repo￿"ng Standard applicable in the UK arvJ Republic of Ireland IFRS 1021. I have no concems and have come acxoss rLO Other matters in connection wth the examination lo which attention should be drown in this report in order to enable a pyoper understanding of the finanaal statements to be reached. Caroline Blake FCCA McLintocks INW) Limited 2 Hilliards Court Chester Business Park Chestèr Cheshire CH4 9QP Dated.. 29 October 2024

THEATRE IN THE QUARTER LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOMEAND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Re5trKted funds fvnd$ 2024 2024 Total Unrestrkled Restricted funds funds 2023 2023 Total 2024 2023 Notes Income from: Donations and legacies Charitable activities Investments 2,150 10,925 574 4.750 16,080 1,390 10,IX)O 2.400 25.932 3,790 35.932 27,005 574 Total inGome 13.649 20,830 34,479 11,390 28.332 39.722 Expenditure on: Chaiitable activities 25.857 22.920 48.777 11,174 48.686 59.860 Total expenditure 25.857 22,920 48,777 11,174 48.686 59,860 Net expenditur¢ 112,208} 12.0901 (14,298) 216 (20.3541 120,1381 Transfers between funds 11,153 111,1531 1,938 {1,9381 Net movement In fun(Is 11.055) (13,2431 (14.298) 2,154 (22.2921 120.1381 Reconciliation of funds: Fund balarKes at 1 Apnl 2023 53.847 16.321 70,168 51,693 38.613 90,306 Fund balances at 31 March 2024 52,792 3.078 55.870 53,847 16.321 70,168 The statement offinancial adivib'es indudes all gains and losse5 recognised in the year. All I￿ome and expenditure derive from continuing adivities.

THEATRE IN THE QUARTER LIMITED BALANCE SHEET ASAT31 MARCH2024 2024 2023 Notss Flxed assets Tangible assets 11 14.421 22.811 Current assets Cash at bank and in hand 42.289 48,197 Creditors- amounts falllng due within one year 12 (8401 184C)I Net current assets 41,449 47.357 Total assets less current liabllltles 55,870 7D,188 Net assets excluding pension liability 55.870 70.168 The funds ofthe charity Restricted income funds Unrestricted funds 13 3,078 52,792 16.321 53.847 55,870 70,168 The c(ympany is entitled to the exemption from the audit requirement contained in seclion 477 of the Companies Act 2006, lor the year ended 31 March 2024. The directors acknowledge their resF1Jn￿kn'litleS for complwng with the requirements tsf the Companies Act 2006 with respect lo accounting records and Ihe preparation of finanual staternent5. The members have not require(J the company to obtain an audit of ts finarrial statements for th2 year in question in accordance wlh secbon 476. These fina￿la1 statements have been prepared in accordancA th the provtsions applicable lo companies subject to the small eompsnies regime. The finanaal stat8m8nts were approved by the trustees on 29 October 2024 A T Jones Trustee Company regislth.on numbei 05697760 IETrJJand and ￿les}

THEATRE IN THE QUARTER LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policles Charlty Inforniatlon Theatre In The Quarter Limited is a private company limited by guarantee incorpomted in England and Wales. The registered office is 2 Vicars Lane. Chester, Cheshire. CH1 1QU. 1.1 Accounting convention The finan¢ial stslements have ￿en prepared in accordance wilh the charty's governing document. the Companies Act 20(￿, FRS 102 -The Finanoal Reporting Stsndar¢J applicab￿ in the UK and Republic of Ireland" I"FRS 102.1 and the char￿e$ SORP "Accounting and Rep￿Ing by Charities. Statement ol Recommended Practice applicable lo chwtlies preparing their awounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021" (effective 1 January 2019}. The tharity is a Public B8nefil Entty as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charrbes rK)t lo prepare a Statallenl of Cash Flows. The fjnancial slalements are prepa￿d in sterfing. whith is the fu￿lonal currency of the rknrity. Monetary amounts in trese financial statements are rounded to the ￿arest £. The financial statements have b￿n prepared under the historical cost convention. The principal a¢￿Unting liaes adopted 8re set out betow. 1.2 Going concern Al the time of apF)rowng Ihe finanaal statements. Ihe tnjstees have a reasonable expectation that the tharity s adequate resour¢es to continue in operational e￿Stence for Ihe foreseeable future. Thus thè tr￿leeS continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discrelion of the trustees in furtherance of their tharitable objectives. Restricted fijnds are subject lo specific coThJTiTons by donots or g￿nI￿S as to how they Tnay be used. The purposes and uses of the restricted funds are sel out in the r￿e$ lo the finanaal stslements. 1.4 Income Income 15 reGognised when the chanty is legally entilled to it after any perfomiance ¢￿dItIonS have been mel. the amounts can k measure(J reliably, and it is probatye thal ir￿e ￿11 be received. Cash donations are reccyJnised on receipt. Other donatTrms ￿ re￿gnised txce the charity has been notified of the donation, unless Perfor[nan￿ wndtb.ons requi￿ deferral of the amount. Income tax recoverable in relation to donations received under GiftAd or deeds of covenant is recognised at the time of the donation. 1.5 Expenditure Liabilities are recognised as expendilure as soon as there is a legal or constnjctive obligats.on committing the tharity to that expenditure. it is probable that a transfer of economK benefits will be required in settlement and the amount of the obligation can be measured reliabty- EXtEThjitu￿ is accounted for on an accruals basis and has been das5ffied under headings that aggregate all cost rdaled to the cat￿ory. Wnere costs ¢annot be direcuy attrit￿ted lo partiujlai headings Ihey have I￿] allo(31ed to activ￿e$ on a basis consistent wth the Use of reSoU￿s.

THEATRE IN THE QUARTER LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles {Contirbuedl 1.6 Tangible fixed assets Tangible fixed assets are initially wneasureil at CQSt and subsequenlty measured at o￿t or valuation. net of depreciation and any impairment losses. Depreciation is recognised so as to writ8 oll the ujsl or valuation of assets less their re$￿Ual values over their useful lives on the followng bases. Plant and equip¥nent 20% on cost 1.7 Cash and equivalents Cash and cash equivalent5 include cash in hand. deposils held at call with banks, other short-temi liquid investments with original malurilies of Ihree monlhs or ￿ts$. aThd bank overdrafts. Bank overdrafts are shown thin borrowngs in current liabilities. Basic financial assets Basic financial assets, whKth indLKle deblors and cash a￿j bank balances, are initially measured al transactson WI￿ induding transacbon costs and are subsequenuy carried at amorbsed cost using the effective interest method unless the arrangèment constilutes a financing transaction. where the transaction is measured at the present value of the ftjlure receipts di$￿Unte￿ al a market rale of interest. Financial assets lassified as receivable within year are not amorb"sed. Basic financial liabilities Basi¢ financial liabiliti￿. in¢luding c￿dItorS and bank loans are intt]"ally reox)gnised al IiansactiDn PriGe unless the arrangèment cA)nstilLrtes a finanung transactTron. where the debt instrument is meaSU￿d at the prèsent value of the future payments discounted at a market rate of interest. Financial liabilities dassfied as payable wthin one year a￿ nol amortised. Debt instruments are sukwquentty catried at amorb.sed cost. Using the effective interest rate method. Trade creditors are obtigations lo pay for goods LY semces that have been acquired in the ordinary course of operations from suppliers. Amounts payable are Glassffjed as current liabilities rf payment is due within one year or less. If not, thÈy are presenle¢J as non-￿r￿n1 l￿bilities. Trade crediltrrs are recognised initially al transaction wtce and subsequentty measured at amoth"SLxI cosl using the effective interest method. Derecog17ition of financial liabilities Finanoal liabilib.es are derecognised vthen the tharity's contractual obligations expire or are discharged or cancelled. 1.8 Employee beneffts The cost of any unused holiday entiuemenl is recognised in the period in which the em ￿0yee'S services are receive¢J. Teminalion benefits are recognised immedialety as an expense when the charity is demonstrabty committed lo terminatè the employment of an employee or to provTde tennination benefrts. Income from donations and legacies Unrestricted Restricted funds funds 2024 2024 Total Unr8Stricted Restrlcted funds funds 2023 2023 Total 2024 2023 Donab'ons and gffts 2,150 4.750 6,￿0 1.390 2.400 3.790

THEATRE IN THE QUARTER LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Incorne from donations and legacies Icontlnuedl Charitable activities Theatrg production 2024 Theatre production 2023 rickets and programmes Grants 6,005 21,000 11.932 24.000 27,005 35.932 Analysi5 by fund Unreslricled funds Restricted ftjnds 10.925 16,080 10,000 25.932 27,005 35,932 For the year ended 31 March 2023 Unreslri¢ted funds Restricted fijnds 10,(KJD 25,932 35.932 Income from investments Unrestricted Unrestricted funds funds 2024 2023 Interest receivable 574

THEATRE IN THE QUARTER LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charltable activities Theatre Theatre production production 2024 2023 Depreciation and impaimiènt Insuiance Adverti&ng Production team fees Production costs Production equipment repairs 8.390 1,079 8,390 1,079 450 48,236 17,904 6,566 13,362 47,301 58.155 Share of support e05ts (see note 6) Share of govemance costs (see note 6} 142 1,334 55 1.650 48.777 59,860 Analysls by fvnd Unrestricted funds Restricted funds 25,857 22,920 11,174 48,686 48,771 59,860 For the year ended 31 March 2023 Unreslricled funds Reslrided funds 11,174 48,686 59,860 Supportcosts Support Governance costs 2024 2023 Website Costs 142 142 55 Accountancy Legal and piofessional 834 500 834 500 1,650 142 1,334 1.476 1.705 Analysed between Charitable activities 142 1,334 1,476 1.705 Governance costs includes payments to the irKlependent examiners of £83412023- £810}.

THEATRE IN THE QUARTER LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Net movernent in funds 2024 2023 The nel movement in funds is stated after thargin￿(￿e￿I￿ngl. Depreciation of owned tangible fixed assets 8,390 8.390 Trustees None of the trustees lor any perS￿S connected with them) ￿￿1ved any ￿MUneratIon or benefits from the charity ¢Juring the year. Employees The average monthly number of employees during thè year was". 2024 Number 2023 Number Total There were no employees ￿0$e annual remuneraion was more than £60.OC4J. Remuneration of key management petsonnel The remunefation of key management pwsonnel was as fdlows.. 10 Taxation The charity is exempt from taxth.on on tts acbvilies twause all its income is applied for charrtable purposes. 11 Tangible fixed assets Plant and equlprnent At 1 April 2023 41,950 At 31 March 2024 41,950 DepreGiation and impaim)ent At 1 April 2023 Depreaats'on charged in the year 19.139 8,390 Al 31 March 2024 27.529 Carying amount At 31 Marth 2024 14.421 Al 31 Marth 2023 22,811 10-

THEATRE IN THE QUARTER LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 12 C￿ditOrS". amounts lalling due withln one year 2024 2023 Accruals and deferred income 840 11

I￿￿0¢00 Lr) ¢D o ro o OfDO ¢7) O rOOO Lnoo 00000 000 4)Lr> (y ry o ¢0 O Oojo 00 op)* UooUU ttSk-LU<<4£X)?IW

THEATRE IN THE QUARTER LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Unrestricted funds The unrestricted ftjnds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside OLrt of Un￿s1￿cled funds by the trustees for specifi¢ purposes. At 1 April 2023 Incoming resources Resources expended Transfets At 31 March 2024 General funds 53.847 13.649 125.857) 11,153 52.792 Previous year: At 1 April 2022 Incorning resources Resources expended Transfers At 31 March 2023 General funds 51.693 11.390 111.174) 1,938 53.847 15 Analysls of net assets between funds Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 March 2024- Tangible assets Current assetsllliabililies} 14.421 38.371 14.421 41.449 3,078 52.792 3,078 55,870 Unrestricted funds 2023 Restricted funds 2023 Total 2023 At 31 March 2023.. Tangible assets Csjrrent assetsllliabililiesl 22,811 31.036 22.811 47,357 16.321 53,847 16,321 70,168 16 Related party transadton$ There were no di5closable related party transactions during the year12023 - none). 14-