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￿0*e &v4aTen#5 of the company locally. nationally attd iut¢rnatiollally. 8. F*3bJisiJ ¥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 (Yt*prttwm¢ 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$￿tter. Paol McAre3voy FCA GM Chxrtered Ace•u 41b5 LIsb￿￿ Road Belfast BI'9 7LI W DA*e: 2 <1 12 P27 STATEMLVI OF FINANCIAL ACTIVITIES FOR YKARENDED 31 WCH 2022 U￿*Sti]cted Restiieted Fuuds 2022 2021 Total No*es 1111,829 101,829 2￿00 105,30 210 awritable activities 2,800 2WO 101,829 J114,629 105519 ResoMr¢eg ¢I￿nded C￿lt2b1¢ acti￿ties Gov¢rnance costs 2,009 2,578 113,722 1,425 115,731 4,003 87.185 4.133 4587 115,147 119,734 91,J18 Net income l (¢xp¢Mditiwè) (1,787) (13J18) (J5,105) 14.201 TxwJsf¢rs betwtott fi￿d8 (1,787) <13,318) {15,1O5) 14,201 Totxl thnds brought forwxrd #t l April 2021 lJ70 4485 5,855 {8.346) Yotal fI￿dI C&￿ed fonyard at 3J March 2022 (41T) {8033) 19,250) 5,855 The stst¢2n¢uI of'fi)]¥nci￿ a¢tnTities has been preFdTed ozj die bo51$ 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 tst*tell￿ 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>rect*tion iSPTovidedatTattscalculatedtowile offthe t05tless estin￿ted rssi