2022-03-31-accounts

Cbar1tyRegl$tn￿oy No. NIC1110841 INorth¢rn Jrelsmd) Cowpa￿Y RegIst￿ti￿D MD.12966 AISLJThG GHEAR THEATRE COMPANY LIMITED (A COMPANY LINifrnD BY GUAIIANIEE) TRUSTEES, REPORT AND F]NANCIAL STATEMENTS FOR TrIE YXAR ￿NDED 31 MARCH 2022

AISUNG CHEAR THKATRE COMPANY LIf¥llThD CJLIRITY INFORMATION Simon Wood Don Mccamphill En)ma Mecatsll Nuala McCll8ker SeaL O'muirèagain (m%1￿￿1 10 FebD)ary 2022) {appoiuted28 October 2021) (appoittted 10 Febrngry 2022) Secretary Mccatt C100841 Aisiittg Ghear Theatre Company Limited CulturlaaTr M¢adam OTiatch 216 Bothar Na Bhf81 Beal BT12 6AH Independent exather MrPaul Mtheavey FCA PGM Ch&teftd Ac¢()Ulltants 405 Lisbwm Road B¢Jf&st BT9 7EW Bankers Ulster Bajjk ll-lfj Doneeall Sqwe East Helfast BTI 5XD

AISLING GHEAR THEATRE COMPANY LIMITED CONTENTS Page Ttwstees, report Independent examiners, report ststement of finan¢i&l activities B&lance Slieet Notes to the financial statements 9_12

TRUSTEES, REPORT J7OR YKAR ENDED 3] MARCIi 2022 The Trust¢¢s pres¢ntth¢irreportandfitsttn¢iai statemellts foTthE year ¢llded 31 March 2(121 StractUY4 GovtrD#Dce and Managelltent The twstc¢ts (who a]so directors of the cRMrity for the purpose8 of the CompJlli¢s Act 2006)> Ptwut their r¢portwith the fjttaneial state]JJetsts of tbe ch￿]ty for t￿e Ye￿ ¢tt(kd31 Mttreb 2022. The tll￿tees bave adopted the prffiqsiOll8 of Aeco])nting and Reporting by cE￿iti&$. StateLuenl of Recon7mended Pr8uice applicable ty cbaritiesprwpating th¢ixaceovnts in ￿0rd¢O¢t withth¢FFnancial RI)0￿}g Slanthd applicableill the IfK aud Republi¢ of Tr¢lamd (F￿ 102) (effective l 2019). Ilqlss5oll & Vision To mgke live tbeatre inIrish Popular, ttationally attd ititemaiiojtslly. Toproduc¢ Jrish language tbe&trc atitB' very best. AthleveMtDts Porfo)Trance The Charily had t negative ￿0Ve￿tat in fithds dufifjg the yèBr ènd¢d 31 M￿ch 2022 of £15,105 (2021- inflow of £14JQl). Strategi¢ Goa]s To Tncrease income ar¢d ¢06ur¢ 6WtaiDabiJity. To develop aud eDg#ge with ollr alldiellces. To kntt¢as¢ th¢ profile of the Compally Objectlves l. Maintsin and grow existing le￿18 ofincorne. 2. To sustsin and expaDd the org8ni8atioD frompriv8t¢ ¥ponsorthip sources. In]sts 8lld foundatio￿. 3. To m&ximise effi¢ierkCy iu tbe delivery of 0￿prOgraJ￿¢ of work. 4. Selreb and build ou wllaborative audience development itstknatives lo ¢llgage our audiences. S. Promtste iDter-cultur81 akalo￿t in orderto iticre&8a I)￿ audien¢￿. 6. Developpart￿eThhips ith COllV2TJi¢S' aud ty8auisatioas to deliver joitstprogratw. 7. Pro￿0e &v4aTen#5 of the company locally. nationally attd iut¢rnatiollally. 8. F3bJisiJ ¥elationships with ?nternatioDa] networking growJ8 andpmot¢ts. 9. Search and build opportunities to WOTk in Partner8hip with ]￿tern￿tional ¢ompaui&g and OTgoni88ti0 Sigllific#ut Activities lil the 2021n2 year (Ytprttwm¢ of evettts and adivitics in tbeyear 1st Apil 2021-31st March 2022: Lik¢znost organisations, we arc $ti]I grdpp]iTrgwitbthe'n¢w n()nU￿. butfoT4Kr25thkniv¢r88ryyeaE wchfNe roanag¢é to stage jiv¢ peTfornunceA for the fittt time sinrt 2019. We areh￿elY grat¢fvlto ourpin¢Kpal fijodetssttd most eSp￿i￿lyto our Bo8xdfor tbeir cotttitiued advice and supporL We had averysuccessfijl revival of 'b lomk£ Rud a Tharla- the story of the Shaws Rd G&eltscht' ¢)n 8 short tow. tbat included B¢lfasL I)ullgiven 8lld ArnIa￿). We bad the houour of being ths opening ptrforJwi¢t at tbe #¢w Cidttrlonnin knagh-Aooach Mbacha. OurCILrisknas show'A#Nol3ai8 dbraiocht8fThe Magical Chiistinas, iti&sociationwiththe cuitijrl￿ had 4 schools audienett3 glongsidt 2 pubJi¢ p¢rforrnanGe6, wwkillg the restrkctions wc h￿￿ell attended shows witb great feedbaek. We had a suc¢esthl applicatiott to hisb Lan￿￿9t￿yo￿La51FUfjd for w audio progr¥0￿¢. We wod¢ed with Nu&iaNi Ncill on # 'wbodtinnit' a¥￿￿￿- A Eachird wh2¢h was bToad¢8St ID Sept 2022 on Radits U]sttt.

TRUSTKES, IiKPORI' {CONTINtIED) FOR YJIE YLAR ENDED 31 MAIiCH 2022 W¢ COJLtilliied to workwith Nttoise O C￿le2llaiN on f(uther dcvelopmeni of 'MinimaJ Iluraatt Contact, dj) extraDrdin&Ty new wvrk QD rompu]8iV¢ 8ambJiug and we delighted to J8y that the Dub]in FriJ)ge Festival aT¢ Still irlterested in co-producitig certatlleleMo3￿ of tb¢ Ebow for 2022. Fihttsng conttnues of OUrp￿ule￿ The Wheelcbir Monolo8uts'. an inspiring disability project on the irps and downs of life after a baemotthagtc stroke. Due to health knd Availabi]ity issues this had to be postponed bu¢we ￿ looking forwardta sehedulitig itfor tbe Oirru¢htss 2022. STATEMENT OFTRUSTW RLSPONSIBILTLES The knstces {who are also the directo￿ of the coJ3Jpany for tbe pwpos¢s of company IAW) are resp¢)n&iblE for ple￿1￿g the Report of the YTh￿tees and the financiat gtstettkeDL% iu ￿￿Ord￿n¢t the 2pplicable law attd United Kingdom ACCO￿ting Standards. (Unitcil Kingdom Generally A¢¢¢pted AccouJJlTng Pr&¢bce) Coraptny Iswxequires tbQtr￿teeS toprepaye financial ststemeots of each finatstitl yearwbidj give a true and fairwiew the state of affairg of th¢ cbaTilable compatsy and of the itictiming ￿0￿r¢c6 application of resowc ill¢litding the iticome expetsditvrts of tbe charithble Compally for that p¢iiod. In PTwarsug Ihosc fmaacial 8tsteryJent4 tlie trustees *erequired to Seled gllTtable aecouutingFolieie8 and tbe]kApplythem ¢oJsisteotly Make judgements and &qtimates tbai are r￿on2b]e andprudtsnt Prep2rtthÈfiweial stst¢ments onthegoing¢oncan basis uDless itis iDappropri4tr t4)presuxttetbatthe cbaritsble comwwwill euntintte iti busin The twst¢e5 aJ¢ r¢spoll8ible forkeepimg proper a¢couttting ￿0T(ts which di$¢lose with reAsonoble aecurw it 8￿Y time the 6nallc1￿ positiou of th8 charAt&bl¢ wmpaDy and to enable thetn to etMiretb&t the fiJthucial st&temÈtyts cotllply with th¢ Companics Act 2006. are alsp T¢spo￿$1b]e for 3afegwd3ug the assets of the chaTitsble el>m￿aY aod bette¢ for taking reasonable stsps for tbe Preventiott dnd detection of f(aud and otl irregularitie5. Appmved by ord ￿th&board of tsust¢&s o Jkttuw 2023 si8Ded its b¢hulf by Slm•D Wood Trnstet

ATSLING GI]EAR TJIEATRE COMPANYLlThJJfEI INDXPfNDkNT KXAmIN￿, REPORT TO THK TRUSTEES OFAISLTNG GHEAR TKUTRE COMPANY￿￿lI￿D I report tsts the fiDsneial ￿t￿eMents of Aisjing Ghear Theatre Compw Iitnited for the y¢af tttded 31 h&er 2022 set out onpages 7 to 13. Rcspeeitre respollglbllftles Df Truytees Exa)lliti¢r As the charity tr￿￿tee$ (a]3d also the OiJectors of the compatty fortbe ptttyoses of cotLpany18w) you are rG5pollsible for th¢ prwation of the a¢cowits iD accordatsc¢ with the requrements of the CompaJJiesAct 2006. H8ving8&tisfi¢d xuy8¢1f that the ¢b9Jity is not avbjoetto audit)]nder cOMp￿Y law. 8ndis ¢liEible forirndependont exatnItiati￿4 it is my Eespon8ibiiityto: LWDin?th¢ Kovz￿ und¢rse¢tion 65 of tbe CknitiesAct follL)IF theprnLEdotts laid down inthe geDtralDitettioDS giveuby the I￿arIty Collmiiwots forN(ntbern IEeJtnd unders¢ctkou65{9)(b) ofth¢ ￿t8 A¢t siAte whethtrJ)articuknn]4ttWS have coo)¢ to myattention. Basts 4bf indepeodÈnt eK&mi￿trS, report I h&ve examinedyour chtirity aceovDÉ¥ ag reLJD3Ted￿derGe¢tioll 65 of tbe Cbatitieg AGt aud eXa￿l￿aLlOn wa$ ¢&r1￿ out iu accord3￿CE witbthè gene￿ DiTe¢tionsgivell bythe Chfjrity CoLWLussion ftsrNortbffn Ireland uuder sectton 65(9Xb) ofthe ChaTities Aet. The exathinitlolll￿&￿ded a review of the acco}￿tin￿Te¢ot(L8 keptby thE chaTity aud a compgrA8on of the accounts pres¢llted with thosoT¢¢Otd5. Il &tso indud¢d coTh8id¢ration of ally unusual it￿S or dI￿10s￿re5 inthe accowLts, and 8eÈkin expl&natioos fri)myou as ch8T1tytn￿ts¢s concen)io8 aoysuch ￿atters. My role 18 to stste whetherarfty roat￿lI[ matters have ¢orne to my attention giving m¢ eause to believ¢: l. Thataccowititjg re¢ord% wer¢ not kept iu a¢cordanoewith seetion386 ofthe Companies A¢t 2006 2. That tlLB accouuts do not accordvriththose accoutitiog Ytcords 3. Thatthe aCt0￿￿ts dO?￿ttOmplY with the accounting requirem¢ntr of $eetiott 396 of the Con)p4nies A¢t2006 and with the rnEthod5 0nd￿lD¢ipI￿ oftbe Clwitiu Ststewent of Re¢ottvnended PKactiCe 4)plicable iocliarities prep2tin8 their ate.oimFs in accordallcewith th¢ FinaD¢i82 R¢porti￿O Staddard applicableijj tbeVK andR¢publicof IrelaJ)d 4. Tjjat tr&ere is fAUtber itifoDDtttiofj needttdfor 4p￿per￿￿dU￿ta0d1￿g of the to be reLche41. illdependeut exgxtherfs statement Ih2ve ¢ompleted my exaMi￿tion 2ad hav¢ no Cfjllcems in respect of th¢matt￿$ (l) to (4) listedabove an( iti collllcctionwith followiDgth¢DirectionB of the Chartty Commis¥ioJ fox N(rfNn Irelond. I your attontlon to Lote 12 ia the fiuau¢ial stst¢Jn¢nts in relation to going con¢ernbutttry I￿Ort 15 not odi ed iUTwcd of thi$￿tter. Paol McAre3voy FCA GM Chxrtered Ace•u 41b5 LIsb￿￿ Road Belfast BI'9 7LI W DAe: 2 <1 12 P27

STATEMLVI OF FINANCIAL ACTIVITIES FOR YKARENDED 31 WCH 2022 U￿Sti]cted Restiieted Fuuds 2022 2021 Total Noes 1111,829 101,829 2￿00 105,30 210 awritable activities 2,800 2WO 101,829 J114,629 105519 ResoMr¢eg ¢I￿nded C￿lt2b1¢ acti￿ties Gov¢rnance costs 2,009 2,578 113,722 1,425 115,731 4,003 87.185 4.133 4587 115,147 119,734 91,J18 Net income l (¢xp¢Mditiwè) (1,787) (13J18) (J5,105) 14.201 TxwJsf¢rs betwtott fi￿d8 (1,787) <13,318) {15,1O5) 14,201 Totxl thnds brought forwxrd

t l April 2021

lJ70 4485 5,855 {8.346) Yotal fI￿dI C&￿ed fonyard at 3J March 2022 (41T) {8033) 19,250) 5,855 The stst¢2n¢uI of'fi)]¥nci￿ a¢tnTities has been preFdTed ozj die bo51$ th&t ail operdtion5 eolltittuit]g op¢ratioTr]s. There gre llo reCo￿lS￿dga1]j8 or losses otbtrthallthosepÈssin% throughtbe statement offiuallcial activitiu.

AISLTNC GIThAR TflEATRE COMPANY LIMtTED BALANCE SUEKT AS AT 31 MARCH 2022 2022 2021 ed g1Kts Tao8ible Rssets 199 266 Cllrre)Jt assets C&sh at bat2kafjd iti hand Piepayments Othet debto 6,018 JS.179 120 1250 117 16.549 Credito￿. amounts falltng dtse TAthiy one yestr {J5367) (10.960) Tr4e£ tllrrent 11S5etslQrabiLthes) (9,449) 5.589 Totsi assets less ¢VyreDt￿ab]IIt( (9,250) 5.855 Net as$0ts1Oiabilitlt8) (925(1) 5,855 Unrestricted funds Restricted funds (417) {8,833) 1.370 4,485 (9,250) 5,855 These flljancial s&tements havc been prepared in &ecoTdanceivith the pmisions appli¢ableto small Coyn￿1¢$. Subj¢￿ to tbe wnies i¢gime and ill¥c¢￿d(0Je£ Muth FRS102 SOBP. fiorthe fitsanoisl year ended 31 March 2022 the coxopouyw& entidedto exempti(In from auditvnder sectio 477 of the C¢xDpaJJie8 Act2006. The n2ernb¢rs h&ve TLOt requiredthe ¢ompally lo obknin w 8uditof its fiJallei81 tsttell￿ for th¢ year i question in accordauce with seetiots476 oftbe Compgnios Aet 2006. Th¢ directors acknowledBe theirresponsibtlrties co]tsplying with ther*2quir6mellts of the Cotttpanies knt. with Tespectto accoimtittgTrcords andthts pr¢pArdtiot] of accowits. Approvedby tbe B(Trard and authth78ed for issue c January 2023 and signed its behalf by Simon Wood Tyustee COmp￿Y R¢glstrationNo. N1032966

NOTES TO FJNANCIAL STATEMkNrs riOR YEAREM)LD 31 MARCH 2022 l. Atcounting polieles 1.1 Ilas15 ¢rfPrep8ration The financial siat¢metsts hav¢ been preparcd und¢r thc historical th)$t ¢onvention. The acetswits {fjI￿nclaI 8tatemeuts) bave beets prepared ITJ ac¢ord1￿Ce with the Ststement of Recommended Ptsctice.. Accounting and Reportiug by ebwitiG% prep￿1￿£ their ace1)￿lts in ac¢ordwce with th6 Fioallcial Reporting Standard applicable in tbeUK•odJiepllblic ofIrCl￿d (FRS 102) is$u¢ditt OGtubcr2019 8lld the FinslleialR¢porb StaudArd applicable in the United kngdom and Republi¢ of kdaud ￿Rs 102) and the Chariti&i Act (Nortbcrn beland ) 2(K>8. ia Gothg toll¢en) AiSliti￿ Ghear TI￿tre Compony Limited Is showing a ll¢t liabiJiti¢s P￿ition as of the bal2llee Sheet dÈts d is relia#t OJJ adequate govermeaL and other fimdins in tkn¢ fi)uu of ¥(onts to Continue Ira(bng. Th Trust¢¢s bavt seei￿d additional fimding to ¢¢)v¢r the defjcits ￿dprO¥ydtt fuLthtig goin8 fOr￿￿rd ADd havo o xe3sor to babeve that this fundu)g not ¢ontitiue for the forese¢able future snd for at leayt twelve n)Diatbs the dat¢ of sigoing tht financial s18lomeD18. Tbe Trtsstees ar¢ ¢ontert that th¢ accounts shoukl be pr¢par¢d on the goin8 concern b&%is. 13 CovtYjmie￿t GJgJJts Govemwent grants ar¢ reco8oised gt th¢ fatr vAlue of the agset received or reLeiv&ble when there is a re&8onable assutall¢6 tbatth¢ gtant¢onditiiJLq will è8 otsd thÈgrauts will be receivc4L A 8r2ntthatspecif(u perfOll[￿¢t conditions is recogttised tll ittcomc wh¢n theperformance oonditiOn8 8 met. Wher¢ a W does Jjot Specify perfonD￿cE coJu]itions it is re¢o￿lse￿ itt income when thé pmceeds rg rec¢ived or ￿CeIVable. A wl ree¢iv¢d before the recogoition criieria are satisfied IB recogllis¢d a$ a liability. 1.4 C￿￿ 2nd Cash eovAvalellts Cath ￿8￿ equivaients lle bL8ie financial assets alld iuclud¢ cash i￿ deposits beld it ¢a]I with banks. otber short-temi liquid i￿￿tIlle￿ts with origittt] ￿th￿ltieS of thr¢e months OT IE&s, and ballk overdrafis. B8nk overdr&lls are 8hownv4ithitt borytswillgs in ¢urent li&bilities. 1,5 .w1n￿¢1%1 LIAbllltle8 Fillauci21 liabilities equity ittslrum¢Dts #re classified accordiDg to the substance of tht contra¢toai arr8ngert¢nts 6nleied into. Ats equity ijistrllnellt is any c(TrDtra¢t that evidences a Jtsidual int¢re8t itt ths 4ets ofthe cOMp￿Y atler deductDw all of its liabiliti&4. 1.6 knconth)gre&ouree¥ Allin¢omiDgr&%ource$ 8Rincludedinthestatemellttsffir)ancialtttivitieswhentheclThrityisltgallyentitied io thc in￿llle attd the amouut can b¢ Mrythru80nable a¢¢urary. 1.7 Resourtes expended Resow¢es expeuded or¢ ¢lL%s1fi￿ accordiug to thelr Ilmcuots. All expcnéiture 1$ for on 40 ac¢rua18 b8si8 alldh￿ beeL ¢la&8ified under that a8gregate all co8tS T¢lated lo that category. 1.8 aceountlng G¢nernl aTeiu)restiitlEdfiwdsTrhich aTe awailoble for use at thB discretion of th¢ u) fitrth¢raj)￿ of the generaE objectives of tbe ch8Tity which hav¢ not been de%igttate41 for other purpos¢A. R¢stii¢ted fLwds arts i¢$trirted grants and donations re¢eAved fro￿ f￿￿1￿& bvdics attd tbe relattd expelléitUTe. Sucb fulld3 resti?¢%￿ in tbtiT Use as deA¢nll1ti￿ by each individv81 tslldiDgboay.

NOTKS TO ThE 17]NANCL4L STATE￿I￿NTs {CONTINURD) FOR THE YEAR ENDfiD 31 MARCH 2022 1.9 Tangible fixed Assets and depr¢claSlv TaJ8iblt fixedas$6ts are stated at ¢oytless depreciation. Dq>recttion iSPTovidedatTattscalculatedtowile offthe t05tless estin￿ted rssi<lual Yalue of ¢actk asset overits eKpectedw¢thl life, as follows: Fixtures & fittings Computer 25Q/•Rcthicing B21#nee 25% Reducing Balance The gain orlass arisiu8 onthe disposal of ￿ assElis determitt￿ as the dE￿[￿￿eNteD the sale pr¢¢eeds gnd the canylngv￿lle of the &qset is ¢reditcd orch3Jged to stsrp1i￿ or d¢ficit. 1.10 cunency trallslatloll Monetary assets 8nd liobiiiti¢s denXtiin8ted iu £oTeigu ￿￿enCieS are traoslttted into steTling at the ntes of exoiiauge nlitig at the balartce sbeet date. TrawtstiDLS iti fweigti cum¢i&s are ie¢oxded at tbe yate of ttx¢haoge 21 ￿eb￿￿te shtet dats. All diff¢r¢nces are to theprofii and Itsss 8ccoiint. I.JJ T￿￿[110 The cow is exemptfrorn cojporntion thx,iibeiD8 acfrJDpffjyDot Carrying (m abusiness forthe yurposes ofLU8lvMg aprofit. 1.12 Cash Ilow statement The Cltsrities SORP 2019 recoDJmeDds that ¢ash tlow ststemetsts 8hould be pr￿￿for¢1￿iknbLC entitie& how¢v¢r ¢he UK ac¢ountitig glliddines allow for smauer entities to eleet not to produce ush flow statements. A1￿ltig Gh¢&r Theatre Compaoy ttteets th¢ d¢fjnitioth of 2 small entity irtt¢L7DS of the UK acco)mting5tandard8 audthe SORP 2019. The trusleeB b&ve cleetednot toprepare cash flowstat¢rAents itt terms of provisi<)J8 allowedto srnsjler ektttti￿. io

AISLJ24G GHVAR THCI ATRE+ COMPANY LIMITED NOI'EI S I'O THE FINANCIAL 81'ATEMENTS {CONllNUED)' FOR THE YEAR IITrIDED 31 MARCH 2022 2. Tot81 rcsources Uuttslricted Restrl¢ted Funds Ilunds 2022 2021 Tol81 lne0mi￿g resourees Foras Gueilg¢ Arts Council of NortI￿rn Ireland Belfast City CoLlliciI Artistic productioii incom¢ Sundry income Notes 27,500 64139 27,500 64,139 21.000 83,350 959 10,190 10,190 20INI 2.800 210 2000 101,829 104,629 105,519 3. Tuxpe￿oI*Vy¢ Res0￿1't¢S ¢xptryde41 Charltable aelÈvTties Wages llnd salaries Pension costs Depr¢¢iaiion PA￿ll¢tiOn fees Artist fees R¢nt ¢xpen$¢ Advertising Compvter Bureau costs 'rixvelling expenses Telecomthunications Printing 8nd stationery 57,969 5280 57,96 5280 67 10,1162 29,644 8,7110 1,491 501 395 1.171 451 6Q,482 5,280 89 5,900 6,560 7,975 552 549 127 1,008 568 67 10,062 29,644 8.7011 1,491 591 395 1,171 451 Govern%net eosts Pr¢mis¢$ iiisurnn£e A¢couiitancy B￿k charges Profit or10ss 01) foreign exchange 2,(b2 2,029 IA25 545 2,230 1,157 508 238 1,425 545 4,587 115,147 119,7J4 91.318 The m3nag¢m¢nt and administratiot) exp¢nse$ hav¢ b¢en apportioned betwe¢A) ¥ach charitable aclivity on the Sdme besis as the ex￿id]lure inrwrcd directly in undertaking Ihal activity.

NOTES TO FJNANCLIL STATXMENrs (Co￿riNuED) FOR YKAIi LIM)ED 31 MARCH 2022 3. Tan2fble fixed *ssets Computors Ftxknres & Fithags Totsl Cost orvaluatioD At l April 2021 Add(tiotts 4,281 5,089 At 31 March 2022 808 4,281 5,089 DepreeAatio Ai l A￿1] 2021 Charge for thtyt 808 4,OlS 67 67 At 31 Marth 2022 808 4,082 4,890 Net bookydllle At 31 Mar¢k2022 199 199 At31 m8￿h2o21 266 266 4. Creditor8." awouttts falliug duewlthill 0￿e ye 2D22 2021 Other ¢reditOT8 Dtrferredincome A¢erugJs 1,264 80 ,320 9.560 14,203 15,467 10,960 S. Analysis of net #ssets between fillkds RestrActod UMrestri¢ted Totsl Fulld$ Fixed assets Currtnt &ssets liabilities 19 (435 (15,461) 199 6,1118 (1&467) (41 (8.833) (417) (9,150) 12