REGISTERED COMPANY IIUMBER: N1030352 INorthgvn Ireland) REGISTERED CHARITY NUMBER: 101219 Report ol tho Trustoes and Flnan¢ial Statements for the Yoar Endod 31 Mar¢h 2023 PRIME GUT PRODUCTIONS LTD M.B.McGrady & Co Chartered Accounlants Slatutory Audlto Sulto 2B Cadogan Hous• 322 Li5burn Road Bellast Co. Anlrlm BT9 6GH
PRIME CUT PRODUCTIONSLTD Conlents ol Ihe Financial Slalemenls FOR THE YEAR ENDED 31 MARCH 2023 PaB• Relerence and AdmlnlstYatlv8 D•talts Report ol Ihe Trusteos 2 to 12 Report of Ihe Independent Audlto 13 10 16 Slatemont ol Flnanclal Artlvltlos 17 Balance Sho•t 18 rAsh Flow Slatemenl 19 Notes to the Cash Flow Slatement Motes lo lh• Flnan¢lal Slalemenls 21 to 29 Dotallod Slalement ol Finan¢ial A¢tlvlllgs 30 to 31
PRIME CUT PRODUCTIONS LTD Reference and Admlnl$iratlve Detalls FOR THE YEAR ENDED 31 MARCH 2023 TRUSTEES E hlaglll L Doherly K Teahan J O'Hallan D Murphy S A Hayle5 SA Fllzslmmons Iappolnted 241512022) REGISTERED OFFICE Unlt 5- The Refinery 8 Maxwell Streel Bollast 8T12 5FB REGISTERED COMPANY NUMBER N1030352 INorthern Irelandl REGISTERED CHARITY NUMBER 101219 AUDITORS M.B.M¢Grady & CO Chartered Accountants ststutory Audltors Sulte 2B Cadollan Hou 322 Llsburn Road 8ellast Co. Antrlm BT9 6GH
PRIME CUT PRODUCTIONS LTD Report ol the Trustees FOR THE YEAR ENDED 31 MARCH 2023 The truste88 who are also dlrectors of Ihe ¢hJrity lor the purposes of the Companies A(t 2006, present Ihelr ieport wlth the Ilnanclal statements of the charity for the year ended 31 March 2023. The truslees have adopled the provisions of Ac¢ountlng and Reportlnll by Charities: Ststement of Recommendett Praotlce applicable to charltles preparing their accounts In accordan¢o wllh the Financlal Reporllny Standard appllcabl8 in the UK and Republi¢ ol Ireland (FRS 102) lelfecllve l Jinuary 2019). OBJECTIVES AND ACTIVITIES Oblecllves And alms Background: B¥$gd In Belfast, Prlme Cut Produdlons Is one of Norlhlrn Ireland'$ *adlng ind8pend¢nt theatre companles. Establlshed In 1992, It has over last 31 yeays produced som¢ of the Island of Irelind's mosl memorablo and Ihoullht-pvovoking Iheitro. Our work Is splll Inlo Ihro• dIstIn ratoiorles: Prlme Cut dellv8r5 under Ihree maln slrand&' CREATE; IMNOVATE and PARTICIPATE. GREATE.. Produclftg ox¢ollent p•rlorman¢o and wrltlng from Northwn lY•land lor an Intornjtlonil audlence INIIOVATE: Drlvlng tho dovolopm•nt ol Northom Irlsh rforMIn1 Artlsts by pvovldlng Ihe flnost prolwional$ trnlnlnyp mefitorshlps and opportunlllrf, PARTICIPATE: Pro¥lding a ¢reatlv8 rosourm profflotlng aulonomy and arthtlt sell-exprosslon lor ¢ommunltle$ across Northern Iroland wllh trust and ¢ollaboiatlon at11s huvL Piimi Cut ire commlttedto - D8volopplng and produclThg quallly conlemporaiy Int•rn•tlonal drama for lo1 audlences and b8yoTrd. . Sustaln and bulld upon our cro111 reputatlon lor flvst.class chall8nglng theatre, promollng cuttwal dlversily and underslandlng throuyh artlstlc exchang¢$ wllhln a loul, natlonal and Intematlonal arena Drove forward the development ot Iheatrg pracllce and nurture the prolBssional and criallve $kllls ol th•atre artlsts In Nl Dellvgr a strong, continuous progiamme ol outreach special prole¢ts across areas of multlpl deprlvatlon and Seclion 75 Groups to augment our annual outroa¢h and access proyiamme and In¢reas• •udl•n¢es for and partlclpatlon In tho art& Ensuro Prlme Cut ha$ tho physlcal, human and Ilnanclal r•sour¢es lo dollvor Ils slrateglc plaft and manage an elllclent, effeEtiv• oryanisatlon Our alm In lh• production of thls award.wlnnlng work 1$ to Illustrate a Comrnltment to provlding audl•n¢e$ wlth ¢h8llenging and oulslandlny Iheatre whl¢h rell¢¢ts and In1errngat Some ol Ihe MDM piesslni Issues ol our tlmo,
PRIME CUT PRODUCTIONS LTD Reporl of the Tru¢¢$ FOR THE YEAR ENDED 31 MARCH 2023 OBJECTIVES AND ACTIVITIES SlgnlllGant attivilies Our 2022-23 Programme In¢luded: CREATE: The Border Gam8 by Ml¢hatl Palrlck and Oi51n Kearney: {July-Odober 2022 "On a larm on thfr border, a lence ne•d$ r•pair aft•r being destrnY by vand•l& When Slnead Ilnth Henry hungover In hor flold, sh• ropes hlm In to help. But ro.bulldini a l¢nce Is more compllcated than It Seems. Whal bogins as a slmple task soon lurns lo talk of Ihelr past, a rellvlng ol old momorles, and a relentless competitlon to come oul on top, The Border Game Is a tlmely and powerful reflectlon on 100 years of th8 border and how It has imparled those who Il¥0 along IL Insplred by 100 testimonles collected by the wriiers wllh real peopl8 Ilving all over the 300-mlles otlhe bovdor," Commlssloned In lanuary 2020 as part of Its n•w Reveal Artlst D8velDpment proyramme from playwrlghts MIGha¢l Patrlck and Olsln Koarney> In splte ol the ongolng lockdowns and development happoThlng almost xclusfvely onllne, The Border Game opened Ilve io lanlasllc audi•n¢g Tosponse and extremely poslllve crlllcal receptlon, runnlng lor thr•e weoks at the Lyrlc In October 2021. In July 2023, wlth support Irom Ihl Arts Councll of Ireland's tourlng grant, we remounled Tho Border Gam¢ lor an eleven venue Island ol lieland Tour, Ihat klcked ofl wlth a Sold out run at B•llast's Lyrlc Thealrn belore tourlny to $tandlng ovallons lo Townhall Thealrn GalwJyi Axls Ballymun DublSn, Marketplaco Theatre Armagh, Roscommon Arts Contr8, An Taln Arts Conli• Dundalk, Tho Garage Theatre Monaghan, The Hawksw•ll SIIBO, An Grlanan Lelterkenny, Tho Llme Tro8- Llmerlck and An Drolchead Art$ C¥ntre, Drogheda. In thls lourlng V310n the part ol Slnead was played by Cat Bartor. *• The Guardlan httW:Ilwww.Ih•gu ardlan.comlStage12021 lo¢t111 llhfrborder.game.r8vl8w.lyrlc.bollasvfb¢lld=IwAR2x31-_Nlz DR1 QQdlNDPS8JF_5UTYAISK_BzalqSCFTtqc9w_NLpkDIPg
The Slago hllp&'llwww.th estaie.co,ukllong-revlewslbellasl.Int8rnallooal4rts.1•stlvil-2021-border.gaffle-yrlmm.hot81 Irlsh Tlmes: https:Ilwww. Irtshtlmos.¢oml¢ullurelslagelth•.borthr.iam•.a.sparky.r•spon$e.to.the.cenlenary-commemoratl ons-1.4693861?IbclldglwAR1EytUYJpPR4mrXZ6tZ31NMV3bKMOIBYBMBQnL6DBIE77dAgPCGkhPVkAQ Irlsh Indgpond8nl: http&1lwww,Indondonl.1eIentertaMlntlIkn•0lr•-*ts1PO1sOn-8nd.thWart8d.prOrnSIqt.heart0I.bordOr.rQm an¢e.40993633,html Bvllish Theatrn Guld•: https:Ilwww,brltlshlhealregulde.Infolrevl8wslth¢.border-game.lyrlc-theatre.2D32WfbGlld=IwAR1xeNOVkCRIE Rkd2HhNNwJoEXnl_90GeqkoPNFi4FVRZMs8qOIBITTlm81 Guardian Feature: httys:Ilwww,theguardian,coml¢ommentl$free12021 loc1109lborder-lyeland0rth1l-1r01and.Con9titUI1on.lt re7fbclid=IwAR1yvYWEIQH5aQ-mM7yGIP20v8w¢EkV80Raaq9asodJ99iguy3mONYLc3dA Nomoreworkhono Blog: https:Ilnomoreworkhorse.com1202111010711the-border-game-lyrl¢.thgatrg.r¢vlew17fbclidxlwAR1dpHQScEzh_ h71tQ_Vq6wY06Tq¢8Q1¢RkWu8JpQXvSYm7sJL1pKm5dOt8
PRIME CUT PRODIICTIONS LTD Report olthe Trustees FOR THE YEAR ENDED 31 MARCH 2023 OBECTIVES AND ACTIVITIES Alan Bellast Blog: hltps:Ilalaninbolfa$t,blogspoi,eom120211101the.border.iamtylcklny-114¢abs-of.htmPflJclld-IwAR1h91eAT_ XG MfflOEIDRXkkDWL3¥XmJZ3t cEdMBE2NEfNbZI2LhYBMr37n¢A EmerDBlog: https.llem erdblog.oom120211101091thealrnovlew.the.border-game4t-lyrl¢-thialro-bilfastl?fhclld=IwARQKJ 0717v7selGEGZs.ZZ50v5leYs4shyJXHBhi7Pc_bkz7BvDrOaQlXdQ Cast: Henry: Palrlck M¢Brearty Slnead: Cal Bartor Creatlve Team: Dlrector: Emma Jordan S•t De$lgn•r: Claran Bagnall Llghtlng Deslgner: Zla Bergln Holly Sound Deslgner: Garth McConaghi• Costume Ofj$lgner: Enda Kenny Movement Dliector: Dylan Qulnn Slage Manager: Caoimho Mago Technlcal Stage Managers: Ronan Mcmanus and Lauran W•dg•worth My Loft Nul by Mlchaol Patrlek and Oisln Koarn•y al Zaal 3 lor STET, The Kague INovombor 2022) Wlnnor: Summwhall Luslrum Award lol Performance for Mlchael Palrfck, Edlnburth Frlfige 2018 Nomlnaled: 88wloy'$ Llttle Gem Award, Dublln Frlnge 2017 Seleded: Guaydlan's'best ofthe Frlnge" EdlnburBh 2018 Sunday Tlme5"B051 ot th• Frlnye. Edlnburyh 2018 Sunday Tlm8S * * * * li laughlng one mlnule, ¢rylni Ihe next.. a t•irlllc performance ol the louchiny story of a Bolfast boy deBllng wlth grlof." https:Ilstallc1,squarespace.coffllslallc1558ac881e4b00725460b46dd1115a01b21441920244cJff925111510060 5951191Sunday+Times+Re¥igw Irlsh Tlmes * * * ip Inllmacylollh ¢omedy" http&'llwww,irlshllme&comlculturilstsyolyutter4nlp1$4-testy-time-and.tilda.$wlnton-In4-¢heese¢lolh-1.321 9386 The Slagg much energy In ihe wittlng It's almost exlmuslkni. Patrl¢k'$ startllngly physical performanE• Y8floEts this fronzy of adolescence" http&'llwww,thestsgB,¢thuklrevloWs1201811eft-nutevIeW•sfflMLykaIl.oITrblyh.lUllnYneIget1C.debtI The Revlews Hub
PRIME CUT PRODUCTION5 LTD Repotrl of Ihe Trustees FOR THEYEAR ENDED 31 MARCH 2023 OBJECTIVES AND ACTIVITIES * * * * li Glven the ¢allbre ol Ihis ple¢e, it Is surprising Ihat My Left Nul is a wrlting debut for both Patrick and Kearnoy.. [ItJ Is what Irlnge Iheatrt Is all about, an hour of fr•sh, pure entertainment that shouldn't be missed." hltp:Ilwww,ther•vlewshub,comldublln.Irinye.lesllvJl.my.left-nut.bowleys-¢ale-theatre-powerscourt.dubllnl Fest Mallazine A funny and polgnant reminder lo tsk• car• ol yours•ll mentally and physl¢ally" hltps:Ilwww.lest.mag,¢omledlnburghltheaire1105032.Yevl8w.my.lett.nut-by-prime.cut.pan.narrans Btoadway Baby "An undoubted and wond8rlully entertalnlni lour de lorce thai d•$•Iv to be seen soongr ralher than tor." https:Ilbroadwaybaby.tomlthowslmy-l•ft.nut1736337 TN2 Magazlno heart-warming and charmlni, a do¢umentitlon of tho struggle to find one'5 true solt In th• faco of pirsonal trauma and publ1¢ turmoll., hllp:Ilwww,tn2magazln•.lelmy.l•ft-nuti Myslcal Th8atro Muslngs "brllllanlly wrltien.,. you're laughlng along wtth Mirhael on• moment and lh• fiext he ¢offles wlth somothlng so polgnant li stops you In your Iracks,. http:Ilfflusloallhoalr•rnuslngs.co,uklmy.1oft-nut The Red Curtaln R•vloW "brllllan( entortilnlng, lunny, thoughtful and louBhlng.. tt 1$, to put It $lmply, a wonderful thoatrl¢o1 worl( In all senso$" http:Ilwww.th8redCurlalnr•vlow.com120171091my-1oft.n.blW1Qy$.a104h8a1re,htffl1 Monthly Enl?rtalnmenl Gulde "by far, the lunnlost and most hearl4ieaking pl•¢• of work I hav• $••n at The Frlngo... A laniisllcally Innovatlvo plgce ol work whlch expertly combln•$ ¢omidy and tragedy" hltp:Ilwww.meg.18llrlnge-2017.my.lett-nuti Irlsh Ind8p?ndont "a wlde.eyed, ulorious movlng ts1• ol a 'llttle man. b•comlnll a maTh Mlcha81 PatrlBk plays th• on8-m8n ple¢e wlth a comblnatlon ol earn•stn•ss, vervo and gndeailngly overvthelmlng charm" http$:Ilwww.indop•nd•nt.lelenlertJinmentithealre-artslsordid-lale.Df.sox.powder-Ind-polaiolds-36713258.ht Bellasl Tlmes "I was expectlng a speclal show and l yol 11. My Left Nut Is a true slory wlth a Me• and a moral... Il's 60 mlnules ol laughter and suspense wllh 811 the bombasi 91 a boy and hls mat8s growlfig up." https:Ilwww,bellasttlmes.¢o.uklrevlew-my.l•ft.nuil No Morewopkhorse "hewn out ol real Ilfe, rooted In Iruth and Int•grlty' httpv.llnomorowoikhorse,¢0rn120171091121my-left-nul-bgwleys.rAlg.Ih8atre.dublln.fvlng8-leslival.revl8wl Tho Irue slory ol a Belfast boy growing up wlth no lather to gulde hlm Ihrouyh and a glant ball to welgh hlm down,
PRIME CUT PRODUCTIOMS LTD Report of Ihe Trustees FOR THE YEAR ENDED 31 MARCH 2023 OWECTIVES AND ACTIVITIES Presented as a on8-man Show, My Left Nut is "a touching slory of a Bellast boy dealing wlth yrlel" Ilrlsh Sunday Tlme51.11's the story ol a young man (Michael Patri¢k - played by himsglf) coming to terms with his lalh8rs' death Irom Motor Neurone Diseas8. As a child he blocked 11 out. Mow as a teenager he devilops a medical coTrdltion (a Swollen testicle) and Is forced to flnally la¢e up to hls father's Illness and death. He also realises the hurt hls mother has la¢8d, and all She has had lo do io keep Ihe lamily together. Whlle dealing wllh a serious wblert n7atter and Inlus•d wlth real grl•f and pathos, My Left Nul Is aho a comedlc play lilled wlth awkward leenage humour that had audlences In Edinburgh and across Ireland In teals ol laughter. "Patrick's dexterous charaoteri5allons leave Ihe audienc¢ lauyhlng oul loud yet these of laughlor can qulckly turn lo soirow (Th• Revlews Hubl "Laughlfig one mlnule, crying th• next" (The Irlsh Sunday Tlmo$l. In tho ond, My Loft Nut Is not about tsstlclK, also a Ihank you not• to Mlchagl's mother, a lou¢hlng portrall ol grlef, a8 well as bllnll a cofflplol•ly univ•rsal comlng ol aye sloryi Ihat stays wilh you. Flrst co.produced by Pilffl• Cul and Pm NaTrans lor a $811 oul award-wlnnlng run a12018's Edlnburyh Frlnyo followed by an Island ol Ireland Tour, My Left Nut refflalfts one of lh• only Ilve thftalrt productlon$ of 2020 wlth a Plrtormance at Lough Down Festlval 2020. A dlgltal vorslon was created for Shedlnburgh Festlval 2020 and was showcased by Solas Nua In 2021. In 2019 BBC and Rollem Pioducllons adapted Ihe pliy inlo a crllleally a¢¢lalmed tv serles. In 2022 My Left Nul on¢e agaln perloimed lo Ilve and sold out audlenees at Zaal 3 lor STET The Engllsh Thealre In Tho Hague. East Bellast Boy by Flntan Brady: (Year round) Dancer From The Dan¢9 F•stlval Dublln, Carmarlh¢n Bay Fllm F•siival (Wlnnor Besl Po•tlc Film Awavdl, Maul Fllm Festlvgl, Woodstock Fllm Fosiival IUSA), Doveloped as a dlgltal filffl In respons• to tho pandèmlc, Flntsn Brady's East B•lla8t Boy wa8 a ro.Imaglnlng ol the Ilve pioductlon of the same play we had developid and lour•d thrDuyhout 2018-19. Fealurlng an updated soundtrack by Phll Kloran and ro¢astlng lh• role ol Davy to two ol Norlhern Ir8laftds Ilngst young performevs dancer Ryan O Nelll as physlGal Davy and a¢tor Tiience Kteley as Davy'$ volGe, East Bollast was Illmod on location Ihroughout Bollast durlng the Ilrt lockdown and 1$ not only an DdB lo a slde ol the clty Ihat many nevor 818, bui also a polgnant record of a very slrange new Bellast. At 30 mlnulos duration 11 Is a long short 111m and 1$ equally Impaetlul, funny, sad and terrlfying. 11 premleied at Edinburgh Frinye and Eastslde Fesiivals belore bfjlng prosonted al Belfast Fllm Fesllval, Indi8Pop Cork Fllm F•stlval, the Solas Nua ShDwcas0 and UK Austialla Season at Sydney Opera House, Throuihoul 202211 was showcased 4t Cayfflarthen Fllm Festival whir• It iecelved the Best Po•tlc Fllm Award, Tho Dancer trom Th• Danc• FlIVal at Dublln$ Ivtsh Fllm Insiitul•, Woodsto¢k Fllm Fesii¥al and Maul Fllm F•sllval. Casl Ryan O Nelll: Davy Terence Keeley: Volce ol Davy Cr¢aiive Tearn: Emma Jordan: Dlrector Fintsn Brady. Playwrlght Ciaran Baynall: Dlreclor of Phologvaphy Conor Magulie: Edltor Phll KIan. Sound Desl Removed by Fionnuala Kennody: Europ•an Tour - The MAC Bellast, Centre Culturel Irlandals, Parls, Tho Bozar, Brussels, Zaal 3 lor STEf, The Hayu?. Ilanuary-February 20231 Awards and Nomlnallons: Flonnuala Kennedy: Winner ol the Irish Wrlters Gulld Awards Best Theatre SGilpt Croatlve Communllles Award: Arts & Buslness Nl Award$ 2021
PRIME CUT PRODUCTIONS LTD Report of the Trusiees FOR THE YEAR ENDED 31 MARCH 2023 OBJECTIVES AND ACTIVITIES Revlews: The Irlsh Tlmgs "Ciaran Bagnall'$ set evok8y the snlppels ol Adam's Ille that exlst as hazy memorles. A dynamic audio Visual dlsplay prolecled across a geomelric $81 sllual8s Adam's story as exlsting everywhere and nowhere simullanoously. Thls productlon does what it alms lo do well: represent the stories ol those who don't 0tt8n get to be heard and wlth Inlegtity and grlt." hllp&llwww.Irlshllme&comlGullurelstayelremoved-review-children.on-the-edge-told-wllh.inlegrlly.and-grll.1 .40462697fbolldslwAROh82aLFG4BIgMbpAwDLqH14U1D3yONIIUlvw2rPyK17lyykAbP8cAXIIM
BrltlshTheatre.eom "The monologue Is beaulifulty p•Fformid by Conor O'Donnell, a highly $8nsillve performance, maklng Adam Ilkeabl8 Irom Ihe start, and he hlls Ihe rlyht noles of vuknerabillty and deflance, anxlety and hope, and excltemenl and lluill.., Tho pleGe works so well, however, becau$0 diiecior Emma Jordan also edlts the streamlng very well, Iheie Is a strong rhythm lo It" http&'llbrlttshlheatri.¢omlvevl•W.remov•d-trav•rffeStIv3l-fjThIII Brlt18h Th•atre Gulde Flonnuala Konn8dy billllantly gots Inlo the h••d ol Conor O'Donnell's Adam, a Northern Irlsh lad wlth moro than hls fair sharo ol Iroubles,,.vlewers wlll be enyossed by thls sectlon Ihat concludes ol a strong, wg11-acted pleoe whlch benellls not only liom ¢l•¥er dlrnGilon by Emma Jordan but also subtly placid, aimospherl¢ vldeos crealod by Conan Mclvor. htlps:IlwWw,brlllshlheatregulde,InfolvovleTMslr•move&lrnv¢m.3.193369lb¢lld=IwAR20qjrnIHHMrEYl0oy k7X1178qqlONVxOo8QA_5xslllKGjESmxZBO•x8
EdlnburBh Elemonts Th1$ pliy could so •a$lly have beon one long round of cllchés, but Kannedy $klllully avolds thls and aelor Conor O'Donnell has lust Ihe ilihl afflount of ordln3rln85s about his chara¢t8risallon to cDnvlnEe the vlewer they ale watchlng roal iestlmony. htlps:112ndfrornbottom,wordpress,¢om120201081261edlnburgh•el•ments•onllne.r•view17fb¢lld=IwAA3130FDz 4T500BNQ8syBvloAbpaSwC84ID30N4mGG_kTIEXl¥M12Zp-_7U Wrlllefi by Flonnuala Konnedy, Removed Is a lunny, movini ind tho¢klng In8lDht Into tho 8xperlenB•$ of a young man sharlng h1$ orY ol Ilving wllhln lh• state care system. Told Iroffl Adam's porsp?¢tlve, y•t based on Ihe varying experiences ol many young people In Notlhern Ireland's so¢lal care $yst•m, lh• narratlve Is Inlorm8d vla ups and downs, the hard-hltting, affeGling and lunny experlenc8s. Prlme Cut Ilrst Produced Ihe World eMIere ol the play al Ihe Young At Art Belfast Children's Festl¥al In March 2019. From thero It was s•l•cted to play at Ihi Montenegrln Internallonal Theatre Fesllval, Dublln Theatre Festl¥al, Baboro Children's Fe5tlval Galwayi a Ilorthern Irlsh Tour and subsequently IPAY Showcase In Phlladelphla In January 2020. Prlor to the Pandeffllc11 wa5 s¢heduled lo play at lh• Travers8 Thealre lor a lull run at the Edinburgh Fringe In August 2020 lollowed by an l$land ol Ir8land Tour. Throuyh support from Cullure Ireland a brand now hybrld dlgltal verslon was $ubsequeAlly made and Ihls played at Travfjr$e 3 Online lor Edlnburgh Festlval 2020 to huge Èrltical a¢claim as wo11 as Culture Ireland SEODA Inlernational Showca$¢ (March 211 and Imaginlte Chlldren's Festl¥al (May 20211. It was also pyesontid as part of the Solas Nua Pilmo Cut Showcase In Washlngton OC In November 21. In January.February 2023, Removed toured to sold out audlonces al Th8 MAC Belfast Gentre Cullurel Irlandais, Paris The Botsr, Brussels, Zaal 3 for STET, The Hagu8 and Is scheduled lo be presented al Adelaide's DroamBlg Children's Festlval In May 2023. Casl: Llve Conor O Donnell: Adam Creatlve Team: Llvg Casl: Dlgllal Conor O Donnell: Adam Creative Team: Dlgital
PRIME CUT PRODUCTIONS LTD Report ol the Trustees FOR THE YEAR ENDED 31 MARCH 2023 OBJECTIVES AND ACTIVITIES Emma Jordan & Fionnuala Kennedy: Dlre¢tor Flonnuala Kennedy: Playwilyht Claran Bagnall: Set Designpr Paul Keogan: Llghtinll Deslgner Conor Mitchell: Sound Design Conan Mclvor. AV Desiyner Ronan Mcmanus Production Manag•r Ashley Smylh.. Slage Manager Emmi lordan: Dlrector Fionnuala Kennedy: Playwrlght Ciaran Bagnall: Dlre¢tor of Photography Sam O Mahtsnoy: Edltur Conor Mltchell: Sound Deslgn Conan Mclvor: AV DEsiyner & Carn?ra Calium Janes: Sound R¢¢ordlng INNOVATE: Through support trom Ihe Arts Councll ol Northoin Ireland and the Jorwood Foundallon wo wore ablo 10 dellver an outsiandlng Artlstlc Developmenl Progrnmm• From Aprll4une we presenled four new Vorgo R•adlngi OAllne. In Aprll Ex•cull¥e Produ¢8r Una HlrEoln attonded the IETM Plenary In Brusse In Miy Artlstl¢ Dlrector Emma Jordan and Reveal Art15ts Kalio Rl¢hardson and Domlnl¢ Montsg110 altended Theatertreffln Berlln with both arllsts $ubsequenlly attending the IETM Campus ther8. An open Call to rocrult A8veal Artisls and a new Assoclate Producer took pla¢• across OctoberlNovemb8r. Th8r8 was • hlgh response rate but after a rliorous sel¢Gllon Proc• t includod Several loimer Reveal Artlsts as wo11 as Prlme Cut's senlor managemint and boavd, Emlly Foran (dlr8Ctor) and Mlehail McEvoy Irhoreographer) were selected as the new R•veal Artlsls Jolnlng Domlnlc Montallue and Kaiie Richardson, as well as Ronan M¢Manu8 as new Assoclite Producor. Further Inveslment trom ACNI through the Commlsslonlny Grantallowed us to expand Ihe Programrno to Include playwrlghl Clara Ellzgboth Smyth, who wlll Ye¢•lvo all th• benellts ol Ihe Programme In addltlDn to the (ommlsslon. Two developments ol Doffllnlc Montaiue's Aurorn took plac• * ihe Rev•Jl Space wllh 1rt15ts Seamus O Hara, Thomas Flnneqan, Llsa Dwyir Houg, Patrl¢k McBYearty, Meghan Tylor, Rlchardson, Ml¢h801 McEvoy and Conan M¢lvor In additlon the Prlme Cut Team MSchael Patrl¢k, Kalle An Internatlonal Reveal Masterclass facllltaled by T•resa Bray8haw lor IAd•pendent theatre and dan¢e perlorrners took place In F•bruary 2023. In PARTICIPATE w• have Successfully dellv•r•d to ov•r 537 partl¢lpants In¢ludlng: Ensemble LeJa¢les . a speclally tailored workshop piDgramm• dellvvod In partner5hlp wllh 10 ¢Dmmunlly and volunlary organlsallons across Greater B wlfast explorlng lh• Impact ol th• l•gi¢1•5 of our $OElely'$ hlstory and tho ligicles on both a personal and socletal leval. In My Own Word3- Llved Experlen¢e: from June.D•¥ember w8 dellvered a IIv8 Creativg Writlng ProJo¢1 lo two orous ol Women Ilvlni on Interlacu th W¢st Belhst and ShaAklll, lacilltaied by Flonnuala Kennedy In My Own Words - See M¢ Now: Fr•m Soptember. December we dellv8red an onllne and Ihe Creatlve Wiltlng Prolect "In My Own Words See Me Now lo 4 youps of women women Irom under•repl0nted communltlos across Belfast, Dublln and the Island ol Ireland. An anthology ol sptyken word poetry was creatod and launched by the Lord Mayor ol Dublln In M ay 2023 Well Read is an arts engagement Iheatre readiny pYoieGt deviloped lor ser¥ic8 users ol seBur8 mental health and addicliDn centres. Bringlng togethor a team of 10 artist fatilllators and In parlnership with Th8 Northern Trust it was rolled out In 5 centres arross Greater Belfast from May . 08¢ember 2022 and was so surcessful thai exlenslon lundlnu was sourced from the Tvusl and Ihi D'oyly Carte Trusl
PRIME CUT PRODVGTIONS LTD Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2023 OBJECTIVES AND ACTIVITIES Re.Mix allhough unavoidably delayed due to some thndlng administrative issues work began on e.mix in December 2022. Working in parlnershlp wilh Utster Universllys Games and AnlmatiDn Dept, we Breated an innovallv8 digital plallof m lor thlldren in P7 (Prlmary School) lo use as a lumplng oll polnt for a Go.desiyn based Thealre In Educatlon Proleot which wlll be delivered Ilve In 4 shoo1$ across Belkst In April.May 2023. Concluslon: Glven Ihe combined Impact of the Pandpml¢ and Brtxltll •nyon• could have told u5 thls time Iwo yoars ago that we would spend the majority ol the 2022-23 year 5uccesslully tourlng our work across the Island DI Iriland and Europe, In additlon lo copper fastenlng our Reveal Programme and ext¢ndSng our PARTICIPATE Programme, Ihlnk In¢redulity would not have been an inappropriate response. Allhough we had begun lo mount Ilve produ¢tlons agaln, they had happened undEr Ihe strictest ol condlllons and were sllll plagued by ongoing Covld outbreaks. Opp0Ylunlti for Indlvldual artlsts remaifted few and lar botwa8n and the vast malorlty ol our partlclpant baso were sllll in s•ll.Imposed lockdown. And yet that is exactly whal happ¢Med. From i t•ntallv• rtachinj out èmail Irom STET In Th8 Hague w• hav lormod a solld sUaInable Inlernatlonal parlnershlp that ha$ host•d two of our produ¢tlons In 22-23 and are alrfrady looklng lor more. A pravlous Invltation Io perform Removed In Bruss81s was •xt•nded and extended (11) and thls In lurnlod to us lormlng a rnlatlonshlp with Centr¢ Culturol Irlandals In Parls. An Inlllally plannod lor 6 venue tour ol lh8 Bovd¢r Countles lor The Bordor Game 8volv8d Into on Island of Iveland lour (11 vonue) thal starlad to rebulld Ihe foundalions ol our Irlsh touring programme and East Belfast Boy continued lo uo from strenjth to strength wlth showlnjs on a global level as well as an award and huge IndurY acclalm. Our planned $prlng productloTr of Martln McDonagh's The Beauly Queen of L8enJno was pogtpoft•d duo lo $oh8dullng dllllcullle$ but was ¢asl with a phenomenal and dlvorse Cross Border Cast and populated wlth a range of Bella,¥ flnest Creatlve D•signerS and Dlrecton, It ts dw to play at tho Irom May4uly 2023, We hav8 rontlnued to re¢8lve Ihe fvlgho91 crlll¢al pralse and audlenco 1o•dba¢k for our work Our relatlonshlp wlih Cultufo Irolond contlnue$ lo IIDurl$h, onabllng fvrth¢r tourlnu to b• In placa for 2023-24 and we have attra¢lod ongolnll lundlnu Irom Jerwood Art4 tho Dormant Funds and the D'oyly Carle Trusl as well as new lunding streams such as the Foyle Foundallon. Thls suppovl has aiiow•d us to $lvenglhon and expand our Rjveal Programme wlth 5 artlsts and an emerglny producer now on board and a variely ol now work and sklll$ already In development. Our Communlty Engagement ProgTamme has gone Irom strength to streTrylh, dlversltylng respon$lv•ly to Ihe needs of particlpants, expandlng our partnehOp$ and reachlnu audl8nce$ and particlpants across Ihe Island ol IrglJnd. Our partlclpant age range now $pans 10 yeaN to 85 yeavs and 1$ threo tIrn what It wa$ Ihls tlme last year. Its dlverslty Is uxlromely r•pr•senlatlv• Ind Incluslvq som•thing w• av• proud of but also reallse we mu Eontlnue to expand on. 11 has been a hlghly successlul year but not wllhout Gost. 11 took nerve and ddoiminatlon. We couldn't hav8 done it wllhout our lunders whose Invostment and beliel In and commltment to the ¢ompany wBro $econd to none, We ouldn't have done il wlthout our arti$, who kepl the lallh and whose reslllence in the lace ol such adverslty was unreal. We couldn't have done It wilhout the delermlnation and Gommllment ol our corg staff, who worked ¢easeiossly io make11 all real, and we most ¢ertalnty ¢ouldn't have done It wllhout our ¢olleagues a¢ross th8 arls, In BBllast and tsr ljeyond 8$ well as our audiences, whose support, ¢ommitmenl and kindn858 can never be oversta18d, Thank you to you all. Key aEhlevements In 2022.23: The Border Gamo lour Ilve across Ihe Island ol Ireland to 11 venues
PRIME CUT PRODUCTIONSLTD Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2023 OBJECTIVES AND ACTIVITIES Removed tour- Bellasl, Pari$, Bruss•l& The Hague My Left Nut tour- Tho Hague Eagt Belfast Boy wlns B•st Poet1¢ Fllm at Caermarthon Film Fesiival Dellvered a $•¢ond Cross Border Ilerallon of In My Own Worts to 40+ parti¢lpants Launched W811 Riad lo overwhelmlni suo¢•ss ID s•rvlc• usert at Mental Health Unlts across Northern Ireland Secured multl.annual lundlni from lerwood Arls and Foyl• Foundation to ensur• a lurthir Iwo years ol Rov•al FINANCIAL REVIEW R•serves pollcy Th8 ¢harlty has a pollcy ol bulldlng reserves to a level that •quales to 25Yo of annual admlnlslraiion overheads, a target Ihal was pxoed8d In 2022123. This poll¢y has bfren Implemented as parl of Ihe oYgantsatlon'$ rlsk riductlon strategy and would bo utlllsed In the 1¥8nt ol a futwi shortfall In lundln J. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document Tho charlty Is i company Ilmlled by gu4rint•o. The Iomyny was •stsbllshed under a M•moranth•m ol Asso¢latlon whlch osl8bllsh•d Ihe obl•¢ts and powers ol the company and 1$ governed by Ils Articles ol Asso¢latlon. R•¢iullment and appointm•nt ol nawlrusioes Tvustee Selocllon Methods: Trnslees ai• Identlfled In th• Ilvsl In8t*¢• on the bash ol the needs and vequlremonts ol Iho operatlon. Prlme Cut Produciions alm to have a conslstonlly dlv•rs• Boaid Ihat has a wld8 sklll rangi pertinenl to the successlul drlving foiward of the operallon, Gaps In thls set ar• Constantly monlloied and when ono Is Identillod, measures are taken to Yecruit new members to mltlgale against thls. Wllhln the currenl Board the skllls rango Includes Governance, Fundralslny Expertise, Flnanclal, Marketlng, Art151ic (In parlicular Drama expertlsel and B8st Piacllce In Youlh and Communlly Work. These skilts ar• utllls•d towards thg successlul runnlng ol th8 cora organlsatlon ensurlnu Ihat our practi¢• compliès wllh and is up lo date wlth currgntloglslation, approprlato and tiansparent linanclal procedures ihat are strlclly adher•d to, ongoing $u¢ctssful fundra151ng to ensuro the sustalnablllty ol Ihe organi5allon, arti1¢ ex¢ellenee within our project and polici•$ and procedures wllhln our Outreach work that comply fully cuir•nl leilslaiion when woyklng wlth younu people and dlsad¥aTrlaged peopl& On lolnlng the oruantsallon all n•w 8oard Memb•rs are provld•d wllh a Board Pack conlalnlng htslory of the orianlsatlon, synopsls ol Organlsallon Slructure, Company Pollcles and ProEedures, ¢onia¢t delalls lor ali other Board Members and Slall and CorpornlelBu8iness Plans f•r th• oryanisatlo 10
PRIME CUT PRODUCTIONS LTD Report oflhe Trustees FOR THE YEAR ENDED 31 MARCH 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Current Core Managomenl & Governance Prlme Cut Is Gurrently yoverned by a diverse and experlenced Board of 7 DlrectoN tach of vthom brlng speclallsl skills and experlence to the orianisation. In 2022-23 these were: Edel Magill: Business Owner (Ghairl Lesley Doherty: Medla Relallons Ollicer, Bèlfast city Councll IS•cr¢tary) Kerry Teahan: Soli¢ilor (Treasurer) blephanl8 Fllzslmons Chartered Accountanl, Corporal¢ Flnan¢e Advlsory Ilolned May 22) Darrin Murphy: Playwright Jacqueline O Hagan: Arts Manager: Eastslde Arts Festlval Sophle Hayles: CEO Crescent Arts Cenlre Prlmo Cut employs 4 x lull tlme employoos and 2 x tlmI ¢mployo0& In 2022.23 Ihey were: Emffla Jordan: Artlstlc Director Una NicEoln: Exe¢utlve Pioducer Claran Bagnall: Creatlvo Dlr8Btor Bobbl Ral Purdy: Oulre8ch Manager Ronan Mcmanus: Associate Produc¢r Lorralnè M¢Brearty: Flnance & Admlnlstratlon Offl¢•r Rlsk, Pollclos & Procedurei Rlsk assossments are und•vtaken annually lor all projecl actlvlly lor the comlng year and additional on.$lto assessment$ undertaken al venues where our work wlll be prnducgd. R15k is furthoy mltlgaled Ihmugh the provlslon of a set ol Cornpany Poll¢l•s and Procedures that inElude: . Healh & Salely Pollcy Equal Opporlunlll85 Poll¢y . Chlldren and Vulnerable Adulls Proteotlon Pollcy & Pvo¢ethr Dls¢lpllngry Piocedur•s - Grlevan¢o Proeedures - Narament Pvocedures . Code ol Conducl when worklng wllh Chlldr•n & YowB People . Envlronmenial Poll¢y Finance Pollcy & Procodur . Annual Leavi Pollcy . Porenlal Leave Pollcy . Slckness Leave Pollcy . Stsll Developmint Pollcy Recrullmont Pollcy STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are a150 Ihq directorJ ol Prlme Cut Productlons Ltd the purposes ol Company law) •r• regponslble for prepaylng the Report ol the Trustees and Ihe Ilnanclal statements in iE¢ordance wlth applicable law and Unltod Klngdom Accounling Slandarts Iunltod Klnidom Generally A¢¢epled Accounllng Pracllcel. 11
PRIME CUT PRODUCTIONS LTD Report ol the Tiustees FOR THE YEAR ENDED 31 MARCH 2023 STATEMENT OF TRUSTEES, RESPONSIBILITIES- contlnued Company law requlres the trustees to Plopare linan¢lal statements lor ea¢h linan¢lal year whlch uivo a true and lalr vlew ol the state ol allairs of Iha tharitsble company and ol the incoming resources and appllcatlon of resources, InGludlng the In¢ome and expendilure, ol the Qharitsble company loi that period, In preparing thoso flnancial stalements, lh8 trusties are required to $ele¢t sultable atcountlng poll¢l•s and then apply them ¢onslstentty; observe Iho methods and princlple$ in the Charity SORP; mako ludgemints and estimates that are rèasonable and piudenl: prepare the flnanclal statements on the golng tonuin ba$ls unless li is Inapproprlile to presumo Ihat Ihe charltable company wlll continue In Iwsin The trustees ar8 responsible lor koeplng proper a¢countlni records whlch dlsclD$? wllh reasonable ac¢uracy al any Ilme thfj flnanclal poslllon of the ¢harltable company and lo enable them to ensuro Ihat the Ilnanclal statBmeniS comply wllh the Companles 2006. They are atso responslble for safeguardlng the assets ol the charltsblo company and hinee lor taklng reasonable steps for the prevention and detectlon of fraud and other In so lar as the trnstees are are. Ihere 1$ no relevant audlt Inlormatlon ol whlch the ¢harllable ¢ompany's audltom are unaware; and the trustees have taken all sleps thal Ihey oughl lo have taken lo make them501v•s awaro of any rolovanl audll Inlormalion and to oslablish that Ihe audltois are aware of Ihal Inlormatlo AUDITORS Tho audltor$, MJ,M¢Grady & Co, wlll be proposed lor r•.appointm•nt al the forthcomlng Annual G•noral Meetln Approved by order ol Ihe board ol trustsos on 9 November 2023 and sljned on Ils behalf by. E Maglll- Tru8180 12
Reporl ol the Independent Audltols lo the Members of Prlme Cul Produclions Ltd Opinlon We have audiled the Ilnancial slalemenis ol Prime Cul Prothctions Lld (the '¢harilable company,) lor lh8 year ended 31 MaY¢h 2023 which comprise Ihe Statement ol Financial Activities, the Balan¢e Shee( Ihe Ca$h Flow Statement and notes to the linanclal stalements, includini a summary of $ignlllcant accounting policies, Th8 Ilnan¢ial Yeporllng framework that has b88n applied in thelr preparatlon Is appli¢ible law and Uniiid Kingdom Accounting Slandards (United Kingdom Generally Accepted Accounllng PractiGe). In our oplnion the Ilnanclal statements: gfve a true and lalr view of the state ol the Charitable company's affairs as at 31 March 2023 and of St$ In¢omlng resources and appli¢atlon ol rosour¢es, Including ils income and expendllure, lor the year Ihen ended; have been propeily prepared In ac¢ord8nce with Unlted Kingdom Genevally A¢cepted Accountlng Pracllce; and havo been piopared In accordance with the iequiyements Otlhe Companle5 Attt 200& Basls for oplnlon We conducted our audlt In ac¢ordanc8 wilh International Slandards on Auditing (UK) ¢ISAs {UK)l and appllcable law. Our resp0nslb1llti undor those standards are lurther des¢rlbed In the Auditors, responsibilltles lor the audll ol the Ilnancial stalomonls sectlon of our report. Wè ir• independent ol the ¢haritabie ¢ompany In accordanoe wlth lh8 elhlcal roquliements that ar• rolevant lo our audll ol Ihl Ilnanclal staiemenls in Ihe UK, In¢ludlng tho FRC'S Elhicil Standard, and we hav• lullilled our other elhical respon$lbllllles In aCCrdanCe wlth thesg roqulremenls. Wo bellev8 that Ihe audll •vlden¢o w• have obtain•d Is sulllGl•nt ind approprlaie lo provlde a ba8ls for our oplnlon. Con¢luslons relatlng to golng concorn In audltlng the Ilnanclal stalemenls, w¢ have concluded that the trust••$' use ol Ihe golThg conc•rn blsls ol accountinB In Iho preparallon ol Ihe1Snanclal stat•menls Is approprlale. Bysed on the work we have perlormed, w• have not Identlfled any m*erlal uncertalnllo$ relallng to ovents or iondltlons Ihal, Indlvidually or Gollecllvely, may casl signlllcant doubt on thp Gharltahle company's ability to ¢ontlnuo as a golng Goncern for a perlod of at leal twelve monlhs from whin the Ilnanclal $iatomgnt$ are authorlsed for issue. Oui responslbllltles and the responsibllltles ol the trusto0s wlth r•sp•¢t to golng con¢•vn •ro doscrlbed In Ihe relovanl sectlon$ of thls report, Other Inlormallon The trustees iro r•sponslblo for Ihe •thor Inloimatlon. The olhlv Information comprlses the Infurmatlon In¢lud•d in tho Annual Report, other Ihan Ihe Ilnancial stst•m•Dts and our Report oflhe Independ¢nt Audltoisth•reon. Our oplnlon on the Ilnancial 81•MentS does not ¢over the other Informatlon and, •x¢•pt to tho •eThI olherwlse explicitly slated in our report, we do nol express any loym of assuran¢• ¢oncluslon Ihereon, In conn8Gllon wlth our audlt of Ihe Ilnancial statemenls, our responsiblllty Is lo read the olher Inlormatlon and, In dolny so, conslder whelher Iho other Inlormalion Is materially Inconsistent wlth the linanclal slatements or our knowledge oblalned In the audll or olherwlse appears lo be maierlally m15stst•d. It w4 identlly suth materlal Inconslstencles or apparont maleTlal mlsstatements, we ave requlred to dermIne vth8lher Ihls gives rlse to a materlal mlsstatement in the linanclal statements themselve& 11, based on the work we have performed, we conclude that Ih¢re Is a maleylal mlsslaiemant ol thls othir Informalion, we ari requlred io report that facl. Wo hav8 nolhlny to reporl In thls regar Opinions on other matters proscribed by the Companles Act 2006 In Dur oplnlon, based on the work undertalten in Ihe ¢ourse ol Ihe audiL' Ihe informalion glven In the Rpport ol the Trustees lor Ihe flnancial year for which the flnanGlal stalemenls arg propired is conslstent wilh lh8 flnancial ststements. and the Report ol the Trustees has been pr8pared in a¢IaR¢O wilh applIcle legal r8quiromenl& 13
Report ol the Independe Auditors to the Mernbe ol Prime Cut Productions Lld Matters on whlch we are requlrod to report by exception In the Ilght ot the knowledge and underslandiny of the charilable tompany and its envlionment obtalned in the Gouise ol the audlt, we have not idenlilled matevlal MI1a1¢M¢nts In the Report of the Trusle8& We have nothlng to report In respe¢t ot Ihe lollowlng matters vJher8 Ihe Companles Acl 2006 requires us lo raport to you il, in our oplnlon.. adequatg accounting records hav8 not been kept or r•turn$ adequate for our audSt have not been re¢gived from branches not vlslted by us; or Ihe Ilnanclal ststements are nol In agreement wilh Ihe accountlng records and rbturns or c&rtsin disclosures ol trustees, remuneration speGilled by law ali nol made; or wo have not 11¢8ived all IhB inlormatlon and explanatlons we requlre for our audlt; or tho trustees were not entitled to take advantayi ol Iho small companles ex8mwion from tho roqulrement to prepare a 5trateglo Report OY In preparlng the Report ol the T*u1•S Responslbilltlos ol Iruslees A$ expl#lnod more lully In the Statemont of Trustees, Responslb11115e5, the trustees (who are also Ihe directors of the ¢haYilable company lor the purposes ol ¢ompany lawl are responslble for lh8 preparatlon ol Ihe Ilnan¢lal statoments and lor bolng satlslled thal Ihjy gl¥e a tru• and falr vi•w, and lor such Intemal control a$ the trustees dotermlne Is neGe58ary to enabl• the pi•paratlon ol Itnanclal stst•ments that are Iroe Irom mat8rlal mlsstatomont, whglhoy dui io Iraud or error. In preparing Ihe Ilnanclal stal•m•nts, the trust8•s ave rnsponslble lor assessing tho ¢harllable ¢ompany'$ ablllty to contlnu8 a5 a golng ¢on¢orn, dlscloslng, as applicabl•, malters r•latod to golng ¢oncem and uslng the going concern basls of ac¢ountlng unloss the truste•$ ellhor Intend tg Ilquldate th• Èharltablo ¢Dmpiny or to t•Ke operatlons, or havo no rfjallstlc allernatlve bul to do so. 14
Report of the Independent Audltovslo the Members of Pylme Cut Produdlons Ltd Our responsibllities for Ihe audit ol the Ilnan¢lal stalements Our objeGtives ar8 lo obtain reasonable assurance about whether the financial statemenls as a wholo are free Irom material misslatement, vthether due to fraud or error, and to issue a Report of the Ind8pendent Auditors that in¢ludes our oplnlon. Reasonable assurance Is a high level ol assurance, bul Is not a guarant80 thil an audlt condued In accordance with ISAS (UK) wÉll always detect a materlal mlsslatement when it exists. Misstatements can arlse Irom fraud or error and are considered malevial If, Individually or in the augreyate, they Could riasonably be expected to Inlluen¢e the o¢onomlc decl$lon$ ol users tsken on Ihe basls ol these Ilnanrial slal8ment& The 8xttnl to which our pvo¢¢dures ar8 capable ol dth¢tlng Irmgularllles, IncldIng Iraud is d8t•ll8d below: Irregulailtips, Includlng Iraud, ar• instan¢e$ of non.compliante wlth laws and regulatlon$. W¢ deslgn procedures In Ilni wllh our responsibllltles, outlined above, lo detact mat•rlal mlsslatemenls In respect of irrpgularffitle5, Includlng fraud. Th8 exlenl to which our procedures ar• ¢3pable of detectlng Irregularltles, Includlny fraud Is detslled below: In assesslng and de¢llg Irreiularilies such as Iraud and non.¢ompllan¢e wlth laws and r8gulations we ¢onsld8red Ihe following: Ihe rnalters distu8d among lh8 audll engagement toam and any olher rilevant professlonals rggardlnu how and where fraud might oc¢ur In the flnanclal statoments and any potEnllal Indlcators of Iraud., - the nature of the Industry and any laws and regulallons appllcable to th• company and tho Indu$lry; - the company's own assessmonl ol the rlsk of Iraud and olher Irr•gukrllle8' . company's poll¢l•s and pYocedui•s In relatlon lo: how they Idqntlfy and comply wllh all rolwanl lavA and rogulatlons and wh8ther they are aware ot any non.¢ompllanco . how they detect and respond to rlsks ol fraud and thelr knowl•dge ol any a¢tuil, suspe¢tod 01 allogod traud. . control envlronment wlthln lh• Company and how Ihls mltlgalos rlsks of fraud and Inslances ol . non.¢ompllan¢8 wllh laws and regulatlon4 As a resull of the8• pro¢edur•i we ¢onslder•d the opportunllles and Incantives that may exlst wlthln th• organlgatlon loi fraud and Identlll¢d tho greatest pot•ntlal lor Iraud In relatlon to asset valuatlons, In ¢ommon wlth all audlts under ISAS (UK), wo are atso r¢qulred to p•rlorm speclfic pro¢eduro8 to r•$pond to the v15k ol management ovevrld•. In re5pon$• to the rlsk ol materlal rnlsstatom•nt Ihrouyh Irregularltles and non.compllanc• wilh laws and regulations, we d•slgn•d procidures whlch Included but were not Ilmlt•d lo: . ensurlng Ihe engag•mint team had the appvDpYlale kfiowledg• and expert1 In order to be able to Ident51y and rocognls• any Instances ol fraud or non.¢ompliance wllh laws and regulations; ww identlfled the laws and reyulatlons appllcable to Ihe company through dlscussions wlth dlro¢tors and managemenl and Iroffl our knowledge and experlencg of the sector; . •nsurlng the audll wa$ carrl8d out wlth a level of pyolesslonal Sctptichm; In rosponse to the rlsk ol ivregularllle5 and non-¢ompllanM with laws and regullllons, we deslgn•d procedures whl¢h in¢luded, bul were not limited lo: enqulring ol mallayement concerns ot aclual and potential lillgatlon and clalms. - aureeing Ihe Ilnancial statement dlsclosuros to underlylftg supporllllll docufflentatlon to 8sws ¢ompllaAi• wllh rel8¥ant laws and regulations; - reviewing correspondenc¢ with HMRC and other r•levanl ieiulalors and Ihe company'$1gyal athitsors. To addr5 Iho risk ol fraud through management blas and oyerrlde 91 conlrols w•: - Verify Ihe existence ol employe 15
Report of Ihe Independent Audllors lo the Members ol Prlme Cul Productions Ltd perform •nalyllcal procedures lo idlnllfy any unusual or unexpeGt8d veiallonshlps may indicate rlsks ol malerial m15Stalement du8 to fraud; . obtaln an understandin J ol provislons eg r8Goveiab51ity •f deblors; . le the appropriateness of journal entri85 and olher adjustments . assess whether the Judgements made in making ac¢ountlng estlmates are indloallve of a potenllal blas evaluate Iho business rallonale ol any slgnlfi¢anl transactions Ihat aro unusual or outslde the normal course of buslness. We al$D communlGaled relevant identified laws and regulations and pol¢ntlal fraud rlsk$ to all engag8mènt team membèrs and slynlliGanl iomponinl audil learns, and remain8d alert to any indicatlons DI fraud ov nonBompllan¢o wllh laws and regulations Ihroughout the audlt. Thore are Inherent limllatlons In our audit procedures desorlbed above. Thi more romov•d Ihat laws and regulatlons are from Ilnan4lal transittion8 the les5 likely It Is Ihal we would become aware ol non-¢ompllanc8. Audillny standards atso Ilmlt the audlt proeeduros required lo Idenlity non-¢ompliance wllh laws and regulation$ to ?nqulry of tho dlreGlors and olhor management and the Inspedion of regulatory and legal ¢orrfrspondon68, 11 any. Mat8ilal mtsslat•mènts that ailse duo to Irwd can be harder to detoct thiTr Ihose that ailse trom error os they may Involvo d8llbwat• con¢oalment or ¢ollus10n. A lurther do$¢rlptlon ol our reipoThslbllltl•s for the audtt of th• flnan¢lal glalements 1$ lOted on Ihe Flnan¢lal Reportlnu Coun¢ll's wobslt8 al www.fr¢.org,uk1audltoreSpOns1tslIltIes, Thls descriptlon lorms part of our Report ol the Indopendgnt Audltorn. Use ol our report Thls roport Is made solely lo the ¢harltable company's m•mb•i$, as a body, In ac¢ordanc• wlth Chaplèr 3 01 Part 16 of Ihe Companles A¢t 2006, Our audlt work has been undertaken ihat wo mlghl state to the charitablo company's members those matters w• ai8 requirid to stst• to them In an audltors, report and lor no other purpDso, To the full•st exl8nt permltt•d by law, we do not 8ccepl or auume responslbllity to anyon8 Other than th• charltable company and the charltable company's m•mbtrs a8 a body, for our ludll worK lor Ihls report, or lor tho oplnlons we hav• loimed S•amus McLernon (Sonloy siatulory Audltor) lor and on b8hall ol M.B.M¢Grady & Co Chartered Accounlants Statutory Auditors Sultg 2B Cadogan Hous0 322 Llsburn Road Belfasi Co, Anlrlm BT9 6GH 9 November 2023
PRIME CUT PRODUCTIOMS LTD Statement ol Flnancial Activitles FOA THE YEAR ENDED 31 MARCH 2023 3113123 Tolal funds 3113122 Totsl funds Unrestrlcted Unrestricled Restrloted funds Funds Funds Notes INCOME AND ENDOWMENTS FROM Donallons and lega¢le$ 202,633 202,634 169,933 Chayitsble adlvltles Charitablp actlvlti8s 84,382 281,608 365,990 284164 Investmonl income 38 38 51 Total 84,421 484,241 568,662 454,148 EXPENDITURE ON Charllableactivilles Expendlluro Dn charllabl aGt5vitles 17,559 448,616 466,175 472,252 NET INCOMEI(EXPENDITURE) Transfers b•tWoon lunds 66,862 165,9581 35,625 65,958 102,487 118,104) 17 Nol movement In lunds 904 101,583 102,487 118,1041 RECONCILIATlOtI OF FUNDS Tolal lunds brought loiward 103,062 30,801 133,863 151,967 TOTAL FUNDS CARRIED FORWARD 103,966 132J84 236,350 133,863 The n•tes lorm part ofthese linan¢lal statements 17
PRIME CUT PRODUCTIONS LTD Balance Sheet 31 MARCH 2023 3113123 3113122 Motos FIXED ASSETS Tanglble assots 13 41,015 42,254 CURRENT ASSETS Debtors Cash al bank and In hand 14 97,538 116,074 60,284 66,593 213,612 126,877 CREDITORS Amounts falllng due wlthln one year 15 {18,277} 135,268) NET CURRENT ASSETS 195,335 91,609 TOTAL ASSETS LESS GURRENT LIABILITIES 236,350 133,e63 NET ASSETS 236,350 133,863 FUNDS Ilnr•slilcted lunds RIr1¢tod lund$ 17 103,965 132,385 103,062 30,801 TOTAL FUNDS 236,350 133,863 Theso Ilnanclal alImOnts hiv• be propar•d In a¢cordance wlth lh• provlslons appll¢abl• to ¢hailtsbl• ¢ompanles sublecl to the small compJnl•s iiglme. Tho Ilnan¢lil Slatemenls wer• approved by the Board ol Trust••s ind aulhorl$•d for Issue on 9 November 2023 and wore slgned on Ils behalf by: E Maglll. Trusioe K Teahan - Trustii The notes form part oflhese Ilnanclil slalements 18
PRIME CUT PRODUCTIONS LTD Cash Flow Statement FOR THE YEAR ENDED 31 MARCH 2023 3113123 3113122 Noles Cash Ilows Irom operatlng actfvltl85 Cash generated Irom operations Finance costs pald Tax pald 50,41Y2 11681 7,531 16,775) (280) 6,866 Net eash provlded byl(usod in) op•ratlny a¢tlvlll8s 57,765 11891 Cash Ilows from Invesllng acllvltles Purchase of tanglble Ilxed assels Inierost r•celved (8,322) 51 N81 sh lused in)Iprovlded by Inv•stlni actIvIt$ 18,284) 51 Change In cash and ¢Ash equivallnts in Ihe reportlng perlod Cash and cash equlvalents at Ihe beglnnlng ollhe rgportlng porlod 49,481 1138) 66,593 66,731 Cash and cash equlv•lents al tho end of the reportlng perlod 116,074 66,593 The notes form part Dllhese financial slatements 19
PRIME CUT PRODUCTIONS LTD Noles to the Cash Flow Statemenl FOR THE YEAR ENDED 31 MARCH 2023 RECONCILIATION OF NET INCOMEIIEXPEMDITIIRE) TO NET CASH FLOW FROM OPERATING ACTIVITIES 3113123 3113122 Npt InGomelloxpenditurè) for th8 r8POrting perlod (as per the Slatement of Flnanclal Adlvsties) Adjustmenls lor: Deprgclaiion chaiyes Intoie5t recolved Flnancp Gosts (Incr9358llde¢roaso In debtors Dacrease In creditors 102A87 118,1041 9,561 138) 168 144,785) 116,991) 8,670 280 7,437 15,007) Nel cash provlded byl(used Inl operallons 50,402 16,775) APIALYSIS OF CHANGES111 NET FUNDS Al 114122 Cash Ilow At 3113123 cash Ca¥h at bank and In hand 66,593 49,481 116,074 66,593 49,481 116,074 Total 66,593 49h81 116,074 The noles lorm part ol Ihese linancial statements
PRIME CUT PRODUCTIONS LTD Notes lo the Flnancial Statements FOR THE YEAR ENDED 31 MARCH 2023 ACCOUNTING POLICIES Basls ol preparing the Ilnanclal statemenls The flnancial statements ol the charitable company, whlch Is a publi¢ benefit entity under FRS 101 have been prepared In accordance wllh Ihe charities SORP IFRS 1021 'Accountlng and Reporting by Charltles: Slatement of Recommended Praollcg appllcabl¢ lo charitles preparinll thelr aGGounts In acGDrdan¢8 wtth the Flnanclal Reportlnu Standard appliGable In the IIK and Republlc of Ireland (FRS 1021 (8ffe¢tive 1 January 20191,, Flnanclal Reportlng Standard 102 'The Flnancial Reporting Standard applicable In the UK and Republlc ot Ireland, and Ihe Companie$ Acl 2006. The Ilnan¢l•l statements have been propared under Ihe hlstoylcal cosl conventlon. Income All income Is Ye¢ognlsed in the Slatement ol FlTranEial A¢tivltles onGe Ihfr charlty has enlltloment to the lunds, It Is probablo that the Income wlll be r8c8ived and Iho amount can ba measumd Yellably. Exp8ndlture Llabllllle$ are rocognlsed as exponditure a$ soon as Ihere Is a18gal or ¢onsiruGtive obllgatlon commlltlng lh8 Ghavlty to thal oxpendlture, 11 Is probable that a transfer oi 8confjmlc beneflts will be roqulred In setllomenl and the amount of the obllgatlon can be measured r81iably. Expendlture Is a¢counted lor on an a¢¢ruals bas1$ and has been classlfled under headlngs that aggregat8 ill CO r•lat8d lo the cat8uory, Wheve ¢osls eannot be direclly attrlbut•d to prtlwlar headlngs thoy hjvo beèn allo¢atsd 10 actlvltlos on a ba$ls ¢onslstont wlth th• uso ol T01% Tanglblo Ilxed ass•ls All flxed assels are Inlllally recordod at cost. Doprgclatlon Depio¢latlon 18 ¢alculatod so as lo wrlto off the ¢0 of an ass8t, l•ss11s ostlmated rosldual value, over the useful o¢onoml¢ Ille ol Ihai Issol as follows: Lrisehold Improvem•nts- 1Wo raIght Iln• Flxtures and Ilttlng3- 15% reduclng balance Taxatlon The Charlty is exempt Irom corporatlon tax on its ¢harltable •divlll Fund accountlng The company has varlous lypes of lunds f•r whlch R Is r•wonslblo and whlEh Yequlro s•paratg dlsclosure. Deflnltlons ol Iho varlous lypes ol funds are a51011 (a) Rostrlcted Funds Granls, donatlons and other liooffle r?Geived whlch arn •armark•d by Iho lunder or donor lor speclfl¢ purposes, Such purposes are wlthln the overall alms of tho charlty. Ib) unyestrl0i Funds Funds whlGh are expendable al Ihe dlscrotion of the tNstees for the general wrposes of Ihe charity, Transfers Irom unrestriclod io restrlcted funds are made to GDver the rornalning costs Incurred for speclllc projecls whl¢h have not been met liom other restricted monie& Pension Gosts and other posi-rellrement benefits The Gharilable company operates a defined Gontributlon penslon wheffle, Contrlbutions payable to thg charitable ¢ompany's penslon scheme are charged to the Stslement of Flnanclal Actlvities In the period to whlch they rolate, ¢ontlnuod..
PRIME CUT PRODUCTIONS LTD Notes to the Financlal Statements- contlnued FOR THE YEAR ENDED 31 MARCH 2023 DONATIONS AND LEGACIES 3113123 3113122 Grants 202,634 169,933 Grants recelved, included In lh• above, ar• as lolh)w 3113123 3113122 ACNI Annual Fundlng Bellasl Gily Council 172,934 29,700 142,933 27,000 202,634 169,933 INVESTMENT INCOME 3113123 3113122 Bank Interest v•¢•lvab 38 51 INCOME FROM CHARITABLE ACTIVITIES 3113123 Actlvlty Charitable actlvltl•s Chavllable actlvltles Charlt•bli actlvltios Charltable acllvll*s 3113122 Programmlng Box Offlce Incomo Other Income Box Olllce Guaiante•s 281,608 23,777 32,863 27,742 16q289 30,638 4338 75,899 365,990 284,164 Income from ¢harllablo adivltle$ of £281,8 ¢omprlses Th• Natlonal Lottery £28,500, Art$ Councll Ireland Tourlng £51,296, Foylo Foundallon £25,000, Weston lerwood £24634 TEO Good Relatlons Fund £53,244, ACNI Digltsl Evolutlon £10,000, Awards lor All £10,000, ACNI Commlsslonning grant £9,17 ACNI Arts and Older Peoplo £9,000, ACNI Capilal grant £7,127, Buslness to Arts £8,560, Communlty Foundalion £5,000, Communlty R•latlon$ Cole £4,250, D'oyly Carto Tiust £8,000, Northern Heallh Board £7,760, Jorwood Charlly £1,364 Cullum Ireland £5,196, Bellatt Clty Councll £5,000 and Hilllax grant £4,500. 22 ¢ontlnued,..
PRIME CUT PRODUCTIOMS LTD Notes to Ihe Financial Statements- tontlnu¢d FOR THE YEAR ENDED 31 MARCH 2023 CHARITABLE ACTIVITIES COSTS Support costs {see nole 61 Direct Costs Tolals Expendllure on charltsblo activill 247,180 218,995 466,175 SUPPORT COSTS Governance ¢osl$ Olher Totals ExpendStur• on ¢harltsbl• acll¥ltles 213,245 5,750 218,995 NET INCOMEIIEXPENDITUREI N•1 incornel(expendlturo) ts stat•d after chargthil(ETrdltlng): 3113123 3113122 Audltors, r8munerallon Depreclallon. owned asse1$ 5,750 9,561 2,825 8,670 TRUSTEES, AEMUNERATIOH AND BENEFITS There were no trustees, romun•rallon or other b•noflts lor tho year •nded 31 March 2023 nor for the year tndod 31 Mar¢h 2022. Trustees, •xpens85 TherB wer8 no Irustoes, •xponse5 pald lor Iho y•ar •nd•d 31 March 2023 ftor lor th• y•ar •nded 31 March 2022. ¢Dntinued,,.
PRIME CUT PRODUCTIONS LTD Notes lo the Financlal Statements- ¢ontinued FOR THE YEAR ENDED 31 MARCH 2023 KEY MANAGEMENT PERSONNEL 3113123 3113122 Waygs and salarios Social securlly costs Other penslon cosls 150,670 9,569 4,415 165,509 10,379 3,617 164,654 179,505 The average monthly number ol employees during the year was as ltsl10. 3113123 3113122 Admlnlstratlv¢ stall No employ••s r¢¢elved omoluments In excess 01 £61000. 10, COMPARATIVES FOR THÉ STATEMENT OF FINAIICIAL ACTIVITIES Ilnrestrlcted Unreslrlcted RoStrlcled funlts Fun Funds Total funds INCOME AND ENDOWMENTS FROM Doniiions and lega¢los 169,933 169,933 Charllablo actlvlties Charltable actlvltles 114875 164289 284,164 Invoslment In¢ome 51 51 Total 115,926 331222 454148 EXPENDITURE OM Charltable actlvltles Expendllur• on ¢hariiabl8 acllvltles 9,046 463,206 472,252 NET INCOMEI(EXPENDITUREJ Transl•rs belween funds 101880 (99,635) 1124,984) 99,635 (18,1041 Not movement In lunds 7,245 (25,349) 118,104) RECONCILIATION OF FUNDS Total lunds brought lorward 95,816 54151 151,967 TOTAL FUNDS CARRIED FORWARD 103,061 30,802 133,863 contlnued,,,
PRIME CUT PRODUCTIOMS LTD Notes to the Finan¢lal Statements- ¢onttnued FOR THE YEAR ENDED 31 MARCH 2023 11. FUND TRANSFERS UnroStrlded lun¢ts Include funding that the ¢hai5ty recelves whitfv ts expendable at the dlsGretion ol the directors for the general purposes of Ihe chailly, In addition, these funds may be held in order ID linance capital Investment and worklng ¢Jpllal. Tran019 from unrestflcted lunds lo restrlded funds ale mide lo covor the ¢osts in¢urred lor speclllc projecls whlth have nol been met Irom olher reslllcted monles, 12, KEY MANAGEMEMT PERSONNEL Key management personnel kncludo all persoDS IIMI hav• aulhorlly and responsibility for plann5ng, dlrecllng and controlllng Ihfj acll¥lllis of the charity. Tha total conslderalion pald to koy manallemonl personnel for services provld•d to the charityb Including employgrs natlonal Insurance conlrSbutions was £85,307 (2022: £6&988). 13, TANGIBLE FIXED ASSETS Flxlures, Leasohold fllllngs Improveme$ & equlpment Total8 COST At 1 Aprll 2022 Addltlons 5N40 72,897 8,322 78,337 8,322 At 31 Mar¢h 2023 SMO 81,219 86,659 DEPRECIATION At 1 Aprll 2022 Charge lor year 2,720 544 33,363 9,017 36,083 9,561 At 31 March 2023 3,264 42,380 45,644 NET BOOK VALUE Al 31 Mareh 2023 2,176 38,839 41,015 At 31 March 2022 2,720 39,534 42,254 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 3113123 3113122 Trade deblors Tax repayment due VAT Pr•payments and accrued In¢ome 57,423 32,685 4,126 3,304 43,917 7,531 8,283 553 97,538 60,284 Included within Trade Deblors of £57,4231s; TEO Good Relations Fund £2&063, ACNI Annnl Fundlnll Proiramffle £8,647, Jerwood Arls £6,000, ACNI Dlllital EvolulloTr, £5,000, ACNI Arts & Older People £4,000, ACNI Commissioning Grant £4,588, Community Relallons Gouncil £2,125 and Belfas1 Clly CounGII £1,000. 25 contlnued...
PRIME CUT PRODUCTIONS LTD Notes to the Flnancial Ststements - continued FOR THE YEAR ENDED 31 MARCH 2023 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 3113123 3113122 Trado creditors So¢lal securlty and other lax•s Other croditors Accruals and deferred income 1,203 2,933 6,629 24503 3,861 2,727 11,689 18,277 35,268 16. ANALYSIS OF NET ASSETS BETWEEPI FUIIDS 3113123 Total funds 3113122 Total funds Unrestrfctod Ilnresiricl•d Restrl¢tod lunds Funds Funds Flxed 05$81S Currenl assets Currenl Ilabllltles 7,416 182,811 186,2621 33,599 30,801 67,985 41,015 213,612 (18,2771 42,254 126,877 135,268) 103,965 132J85 236,350 133,863 17. MOVEMENT IN FUNDS Translers between funds movement In funds At 3113123 Al 114122 Unr8strl¢ted lunds Unrfjstrled lund 94,767 8,295 75,156 {8,295) D•slinated 165,9581 103,965 103,062 66,861 Resirlcled funds Core ADP Partlclpate East Belfast Boy The Bordor Game X'nllgon• BQOL IntorTrallonal Tourlng (65,9581 103,965 113,458) 26,969 49,093 (393) 121,8271 17,5551 26,915 124,1181 13,458 (2,000) 1,000 20A08 10,000 393 45,377 60,093 21,827 7,555 26,915 24,118 30001 35,628 65,958 132,385 TOTAL FUNDS 133,863 102N87 236,350 contlnued...
PRIME CUT PROOUCTIONSLTD Notes to Ihe Flnancial Statemenls- continued FOR THE YEAR ENDED 31 MARCH 2023 17. MOVEMENT IN FUNDS- contlnued Net movornent In fun Included in Ihe above are as lollows: Incoming r&ources Resources expendad Movement In funds Unrestrf¢ted lunds UnrestrlGled lund 84A21 {9,2651 (8,295} 75,156 18,295) Designatid 84,421 {17,560J 66,861 Reslrlcled lunds Corfj ADP P8rtlclpate Easl Belfast Boy Th8 Border Game X'ntlgon¢ BQOL Internatlonal Touylng 208,856 46,678 105,935 1222,314) 119,709) 156,842) (393) 192,923) 17,555) {13,085J (35,7941 113,458} 26,969 49,093 {3931 (21,827) 17,555) 26,915 124,1181 71,096 11,676 484,241 1448,615} 35,626 TOTAL FUNDS 568,662 (466,1751 102,487 27 ¢onlinued..
PRIME CUT PRODUCTIONS LTD Notes lo the Flnan¢ial Slatements. ¢ofitlnued FOR THE YEAR ENDED 31 MARCH 2023 17. MOVEMENT IN FUNDS- continued Comparatlves lor movement In lunds Net movement In lunds Transfers between funds Al 3113122 At 114121 Unrestrlcted funds Unr8slrlBted 95,816 98,586 0,295 Designatod (99,635) 94767 8,295 95,816 106,881 Reslplcl8d fvnds Cor8 ADP Ensemble Colours Parllclpate Ro.Vlslon: Llght From Tlme My Left Nut Romoved In My Own Words Internatlonal Tourlng East Belfast Boy Father The Fath•r The Bordei Gam• X'ntlgone Ensemblo Symbols Slarlito Storle8 (99,635) 103,062 (30,657) 20,408 12,253) 10,000 4450 13311 (4295) 16,2601 {1,6521 13,458) 19421 142,727) 152,725) 14,218) (10,3251 30,657 20,408 11621 117,3681 10,000 4954 331 <1741 (1,7401 15,0881 1105) (5,469) 42,727 52,725 4,218 10,325 4,469 4000 740 1956 4411 393 56,151 (1249851 99,635 30,801 TOTAL FUNDS 151,967 118,1041 133,863 contlnued,,,
PRIME CUT PRODUCTIONS LTD Notes to Ihe Flnanclal Statements - ¢ontlnued FOR THE YEAR ENDED 31 MARCH 2023 17. MOVEMENT IN FUNDS- Contlnued Comparallve net movement In lunds, included in the above ale is lollows: Incoming resources Resources expended Movemenl in funds Unrestrl¢ted lunds Unrostrl¢led lund 107,631 8,295 19,045) 98,586 8,295 Deslgnated 115,926 19,0451 106,881 Restrlcted lunds Core ADP Ensemble Colours ParlicSpatB Ro.Vl$lon: Light From Tlme My Left Nut Removed In My Own Words Inlernatlonai Touvln East Bellasl Boy Father The Father The Border Game X'ntlion• Ensgmbl8 Symbols Slarllto Stor1•$ 180,955 38,725 (6921 10,000 4,450 130,6571 20,408 12,2531 10,000 4,450 (18,317) 1331) 14,295) 16,260) 11,6521 13,981) (4,2951 (6,260) (1,652) (3,458) {942) 142,727) 152,725) (4218) (10,325) 523 32,874 36,287 35,100 (75,6011 189,0121 (39,3181 (10,3251 338,222 1463,2071 (1249851 TOTAL FUNDS 454148 (4n,2521 118,104) 18. RELATED PARTY DISCLOSURES Thero wer• no Yolatod party tran8a¢tlons lor Ihe year ended 31 March 2023, 19. COMPANY LIMITED BY GUARANTEE The ¢harlty Is a company Ilmllod by guarnntee wllhout any $h*e capllal. 29
PRIME CUT PRODUCTIONS LTD Detalled Slatement of Financial A¢tlvltles FOR THE YEAR ENDED 31 MARCH 2023 3113123 3113122 INCOME AND ENDOWMENTS Donatlon$ and legacles Granls 202,634 169,933 Investmonl Incom• Bank Inteiesl recelyable 38 eharltable actlvltlos Programmlng Box Offl¢e Income Olher Income Box 0111Éo Guaranleis 281,608 23,777 32,B63 27,742 168,289 30,638 9,338 74899 385,990 284164 Tolal IncomAng r¢sourc 568,662 454148 EXPENDITURE Charllablo actlvltles Prolecl wagos and fee$ Publlrlly and maikellng Productlon costs and lees Travel, a¢commodiiion and subslsl•oc• Sol bulld 132,007 10,265 50,626 40,515 13,767 115,999 16,102 91,338 22,608 247,180 246,047 Support costi Other Establlshment wages and salirl Employoi's NIC Penslons Insurance Llghi and heat Telephon• Pfjstayw and stallonery Renl Repalrs and maintenanc8 Publlc5ty, markellng and advortlslni IT Support Tiavel, research and development Support ¢ost$ Carrled lorward 150,670 9,569 4A15 3,243 546 2,896 165,509 10,379 3,617 2,729 265 2,846 397 11,550 15011 11N99 3,186 300 1,765 3,299 6,465 198,800 4803 4519 4,157 210,320 This page does not form part of Ihe stsiutory Ilnanclal statements
PRIME CUT PRODUCTlOtIS LTD Dotalled Stalement ol Financial Activltles FOR THE YEAR ENDED 31 MARCH 2023 3113123 3113122 Othey Brought lorward Subscrlplion$ Accountancy1085 Depreciatlon of tangibl? flxed assels Bank lees and ¢haf gos 198,800 2,866 1,850 9,561 21Q,320 3,097 1,013 8,670 280 213,245 223,380 Governan¢e costs Audltors, remuneratlon 5,750 2,825 Total re8ource$ 8xponded 466,175 472,252 Net In¢omel(oxpenditur•} 102,487 (18,104) Thls page does not lorm part of Ihe statutory flnancial slatgments 31