_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_ 

5. Delivery of summer Theatre workshops 

6. 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 st*emenls 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 RecommeTh*d 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 st*emenls 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 RecommeTh*d 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-