Irwin
Donaghey
Stockmon
Company Registration No. N1022539 (Northern Ireland}
BIG TELLY THEATRE COMPANY
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Irwin Donaghey Stockman LLP
Chartered Accountants
23125 Queen Street
COLERAINE
Co Londonderry
BT52 18G
CHARTERED
ACCOUNTANTS
IHi.LAND

Irwin
. Donaghey
Stockrnon
BIG TELLY THEATRE COMPANY
CONTENTS
Page
Legal and administrative information
Statement of Members, responsibilities
Members, report
Independent auditor's report
Statement of financial activities
11
Balance sheet
15
Notes to the financial statements
12-20

Irwin
. Donaghey
Stockman
BIG TELLY THEATRE COMPANY
LEGAL AND ADMINISTRATIVE INFORMATION
Members
Mr Tony Hennessey {Tre2surer)
Ms Christine Hurd-wood
Ms Gerda King
Ms Cara Macmahon
Dr Tom Maguire (Chairl
Ms Rosana Trainor
Ms Claire Sugden
Ms Alison Grundle
Secretary
Mrs C O'Donovan
Charity number
NIC102334
Company number
N1022539
Registered offlce
Flowerfield Arts Centre
185 Coleraine Road
PORTSTEWART
Co Londonderry
BT55 7HU
Auditor
Irwin Donaghey Stockman LLP
23125 Queen Street
COLERAINE
Co Londonderry
BT52 1 BG
Bankers
Danske Bank
22 The Diamond
COLERAINE
Co Londonderry
BT52 1 DE

Irwin
Donaghey
Stockman
BIG TELLY THEATRE COMPANY
STATEMENT OF MEMBERS. RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2022
The Members, who are also the directors of Big Telly Theatre Company for the purpose of company law, are
responsible for preparing the Members, Report and the accounts in accordance with applicable law and Uniled
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi￿1.
Company Law requires the Members to prepare accounts for each financial year which give a true and fair view of
the state of affairs of the Company and of the incoming resources and appliGation of resources, including the income
and expenditure, of the charitable company for that year.
In preparing these accounts, the Members are required to..
select suitable accounting policies and then apply thern consistently.,
observe the methods and principles in the Charities SORP-
make judgements and estimates that are reasonable and prudent- and
prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will
continue in operation.
The Members are responsible for keeping adequate accounting records that disclose with reasonable accuracy at
any time the financial position of the company and enab5e them lo ensure that the accaunls comply with the
Companies Act 200$. They are also responsible for safeguarding the assets of the company and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
Disclosure of Infomiation to Auditors
The directors who held office at the date of approval of this directors, report confirm that, so far as they are each
aware, there is no relevant audit information of which the company's auditors are unaware, and each director has
taken all the steps that they ought to have taken as a director to make themselves aw2re of any relevant audit
information and lo establish thal the company's auditors are aware of that information.

Irwin
- Donaghey
Stockman
BIG TELLY THEATRE COMPANY
MEMBERS. REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2022
The trustee's present their report and financial statements for the year ended 31 March 2022.
The accounts have been prepared in accordance with the accounting policies set out in note to the accounts
and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by
Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1
January 2015)"
Objectives and Activities
Big Telly Theatre Company is one of the longest standing theatre companies in Nl. Our work is centred around
theatre, game, technology, and place. We design professional tlieatre productions, site specific, live
experiential art, immersive games, and participatory community driven projects, throughout Northern Ireland
and internationally, With work spanning over 30 years. the company has a reputation for innovation and
accessibility. We work across sectors, using arts to deliver objectives for health, education, heritage, tourism,
economic development, social development. rural development and town and city regeneration. As a company,
we seek lo innovate how and where culture is made and performed and how theatre can be used as a tool to
regenerate and serve the community lo create long term impact.
Our work is mulli-platform and cross-sectoral, fueled by a belief in the intrinsic value of arts praclice and its
potential lo deliver a range of educational, economic, and social outcomès. Influences in our work to date
inclLtde, gaming and escape roonis, computer hacking, burner phones, Al, AR, emotional computing, and
binaural SOLind. The company's range and scale of work is unparalleled, with its reputation for innovation built
upon distinctive professional theatre productions which tour nationally and internationally,. creative
collaborations., and pioneering community-based participation projects.
Big Telly is one of the largest theatre employers in N. Ireland, and a typical annual programme of work includes
onellwo original theatre productions which tour nationally. including a variety of productions and workshops, an
ongoing Creative Shops Programme (now in its sixth year) including up to fifty workshopslperformances in
three - four different locations each year, at least three community-based events, projects with local schools
and two
three collaborations with the business community. Over the last ten years we have reached
audiences totalling c. 96.650 through our touring productions and c. 46,000 participants through our oulrea¢h
and educational programmes.
The company is extremely proud of its regional identity. and our programme of work ref5ects a continuing
commitment to the local area combined with the ambition and capacity to extend our work within the global
market, becoming ambassadors for the skills and creativity of Northern Ireland and placing it firmly on the
world stage
We worked with 157 creative personnel last year across art forms, equating to 240 freelance employment weeks
wlth an additional 225 freelance employment days. 21122 freelance artists fees lotalled £170,500.
We commissioned 7 writers, staged 7 pieces of new work, facilitated 9 student internships and 1 paid internship
5UPPOrted by Leche Trust Fund, which focused specifically on worklng with a gradualelemerging artist at a
disadvantage due lo their course being affected by the global pandemic. Whilst also creating projects for new
artists to learn frorn experienced practitioners through our games, shops and workshops
supporting our
emerging and associate artists, a two day workshop for Remote Control with 10 new writers, 2 technicians and 2
actors, and a two days of open workshops where we met 40 new artists. As we11 as rnentoring across Ireland with
companies such as Three's Company and Btu Theatre.
We have also used our international partnerships lo provide opportunities to artists from here to work oulslde Nl -
Paper Birds {Gavin Pedenl,Departmenl Story, US {Chris Robinson). numerous actors and stage managers
facilitating workshops with Royal Conservatoire Scotland and Alfred University, NY. The volume of our work
makes it possible and necessary for us to offer freelancers creative autonomy and leadership roles.
For best practice, we follow ITC guidelines on the remuneration of artists and include all holiday pay and
expenses as per that guidance which is updated annually.

Irwin
. Donaghey
Stoclmon
BIG TELLY THEATRE COMPANY
MEMBERS, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2022
Partnership working continues lo be a key strategy for us this year with a focus on creative collaborations and
cross sectoral work in regenerational and post conflict contexts. Creative partnerships in 21122 included BIAF.
Elf Factory, with Belfast City Council and the final year of our Creative Shops Projects, with Mid and East Antrim,
The Captain's Feast with Magheramorne Estate, Tourism Nl and Place Solutions, Right Up Your Street with
Drogheda Arts Festival and Eargail Arts Festival. Small Worlds 8allycastle with Causeway Museum Service. The
House with Eastside Arts, Feile an Phobail and Commission for Victims and Survivors.
We formalised our partnership with the national Fun Palaces campaign in 2019 which secured the post of Nl
Ambassador for three years with possible extension until 2024. As part of our service level agreement with
Causeway Coast and Glens BC, with projects such as Incognito and The Captain's Feast, we deliver arts and
cultural experiences across the borough through our annual programme of work. Other significant partnerships
included Future Screens Nl, Deutsches Museum, Scaffold Digital, Blue Monkee, Radius Housing, Colliers Estate
Agents, British Telecom, Queen's University, In Place ofwar, Alfred University, NY.
We also have an ongoing strategic partnership with Dormant Accounts over the next two years to test and
develop Brick Moon.
In 21122 our highly successful Creative Shops Project ran its final year of its 3-year funded programme. Thi5
project has enabled us to develop genuine and sustainable engagement with communities, replacing
consultation with dialogue and paving the way for more inclusive, meaningful participation. The programme
has also helped us increase our partnerships with Business Improvement Districts and Economic and
regeneration agencies across Nl.
Company Mission
To invest in the development of professlonal theatre, theatre ski15s and creative expression through
theatrical experiences that surprise, stimulate and entertain.
Company Vision
Big Telly aim5 to innovate, involve, inspire. excite, and ignite the imagination through the company's
design, delivery,production, touring and training activities.
Big Telly's vision is delivered through the following objectives..
1. the production and touring of innovative theatre that surprises, stimulates and ignites the imagination
throughout
Nl, Rol, mainland UK and Internationally.
2. the creation of projects with unique strategies of engagement
with audiences., with a particular focus on hybridldigital engagement
tools.
3 the development of educational and outreach programmes, open rehearsals and community creativity
projects, through workshops, talks and summer schools.
4. the facilitation of the growth of cultural activity throughout Nl and to actively seek opportunltles to showcase
Nl work abroad.
5. the delivery of skills enhancement
opportunities.
6. maximising the resources available for work through enhancing existing and developing new
partnerships.
7. developing the capacity of the company lo meet the challenges of a changlng
environment.

Irwin
- Donaghey
Siockman
BIG TELLY THEATRE COMPANY
MEMBERS. REPORT {CONTINUED)(INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2022
The outcomes achieved to date have been:
More people are engaged by the arts through access lo new cultural experiences.
Increased employment
Direct industry impact through creating toolkits and digital communication
Increase in audiences
More global partnerships
Transforming our work digitally through a pandemic to make the company more sustainable and improve
audience growth.
Key messages communicated to a wider audience,. connections made with new people.
Re-animation of town centres.
Development of cultural tourism.
Better community cohesion and increased tolerance.
A more positive, harmonious. and imaginative society.
202112022
ProductionslProJects
Ballycaslle Smallworld5 - June 2021
The House- July 2021
Incognito Annagh - July 2021
Right Up Your Street DonegallDundalk - Aug 2021
Department Story- Oct 2021
Elf Factory- NovlDec 2021
Carrickfergus Story Cafe - Jan 2022
Living Map- Feb 2022
Ballymena Bear Hospital - Feb 2022
The Captain's Feast Magheramorne - Feb 2022
Dear Life- Mar 2022
Incognito Portrush - Mar 2022
Bridge of Stories (Prep) - Mar 2022
Brick Moon- ongoing
Remote Control ongoing
Outreach Projects
Fun Palaces
202012021
ProductionslProjects
Tempest- Digital, Co-production with Creation Theatre Company- MarlApr 20
Operation Elsewhere - Digital, Belfast Children's Festival - Apr/May 20
Little Telly (online live venue and site specific) - May 20
The Machine Slops
Digital - May 20
Alice 'A Virtual Theme Park, Digital, Co-production with Creation Theatre Company and Charisma Al - Jull
Aug 20
Macbeth - Digital. Belfast International Arts Festival - Oct 20
Right Up Your Street Portrush - Oct 20
Dear World- Digital - Nov 20
Recipe for Disaster- Janlmar 21
Right Up Your Street- Garvagh Site Specific- Mar 21
Paddys Weekend Kitchen- Digital - Mar21

BIG TELLY THEATRE COMPANY
. Donaghey
. Stockman
MEMBERS, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2022
Structure, governance and management
Big Telly Theatre Company is limited by guarantee and registered with the new Charity Commission for
Northern Ireland (NIC1023341, govemed by a Board of Trustees.. Tom Maguire (Chairl, Senior Lecturer in
Theatre Studies at the University of Ulster., Chris Hurd-wood, retired HR Development Professional,- Cara
Macmahon, CEO of Voluntary Action North Somersel; Gerda King, freelance
Communications
Consultant.. Rosana Trainor,
Charity Shop Coordinator., Tony Hennessey, Accountant., Ms. Claire
Sugden MLA.. Ailson Grundle Business Improvement Consullanl.
Crissy O Donovan is the Company
Secretary. The company's board provides relevant expertise in human resources, marketing and PR, finance,
contemporary and cultural theatre practice as well as relevant strategic and planning skills.
The company's full-time staff are Company Manager (Crissy O Donovan), Project Manager (Linda
Mccracken), Finance Manager (Collette Quigley}, who together with the Artlstic Director (Zoè Sealonl
oversee the running of the entire artistic programme. Between them, these company members have over fifty
years of experience in managing arts projects.
The company has Ethical Manager Status and is a member of the Independent Theatre Council IITC) and of
Theatre Nl. The company operates ITCIUNITE and ITCIEquity mlnimum rates. terms and conditions for both
permanent and contractual staff.
The company has regular staff meetings involving the entire staff team. The core staff report to the Board of
Trustees at quarterly meetings. The company regularly reports lo ACNI and other funders on its progress
through Mid-year and End of Year Client Reports and quarterly monitoring meetings with our Arts Officer. Dr.
Tom Maguire, Senior Lecturer in Theatre Studie5 at the University of Ulster regularly monitors progres5 on
funding applications and their administration
The organisation follows the Charity Commisslon's guidance and sets a target for reserves based on our
cash flow requirements and an assessment of the risks facing the organisation. Our aim is to hold reseNes at a
level which is not excessive bul does not put our solvency al risk. The trustees review the number of reserves
that are required to ensure that they are adequate to fulfil the charity's continuing obligations on a quarterly
basis at their Board meeting.
We hold reserves for the
following reasons:
Meet contractual liabilities should the charity have to close including redundancy pay, amounts due to
creditors
and commitments under leases.
To meet unexpected costs like breakdown of essential office equipment,. staff cover in the event
of illness, rllaternity leave, parental leave,. and legal costs defending the charity's interest.
To ensure that the charity can continue to provide a stable and quality programme of activity
and allowing for financial flexibility to respond to new initiatives and opportunities that may preserit
themselves during the year.
To fund risks that may malerialise, resulting in an unexpected increase in expenditure andlor a
reduction in income.
To provide working capital when funding is paid in arrears and place the charity in a positDn
where it could apply for funding which can be paid up to 12 months in arrears.
The trustees aim to rnaintain the charity's reserves at a level which is at least equivalent to two months
operational expenditure Icirca £20,000) in addition to designating a minimum of £13,500 lowards potential
redundancy outlay in the event of the company having to cease operations and have done SD having regards
to its manner of operation of likely funding streams. The reserves that we have set aside provide financial
stability and the means for the development of our principal activity.
On 31 March 2022 the charity held £23,249 as reserves (2021 £20,000). In the event of reserves dipping
below the target the charity will aim lo restore the reserves to ils minimum level over a four-year period
through increased fLJndraising, increasing earned income andlor reducing expenditure. If reserves exceed the
target, then the charity will consider the likely expenditure over the next two years.
Auditor

Irwin
- Donaghey
Siockrllan
BIG TELLY THEATRE COMPANY
MEMBERS, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2022
In accordance with the company's articles, a resolution proposing that Irwn Donaghey Stockman LLP be
reappointed as auditor of the company will be put at a General Meeting.
The Members, report was approved by the Board of Members.
T Maguire
T Hennessey
Dated.. 21 September 2022

Irwin
Donaghey
Stockman
BIG TELLY THEATRE COMPANY
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF BIG TELLY THEATRE COMPANY
Opinion
We have audited the financial statements of Big Telly Theatre Company Ilhe 'company'l for the year ended 31
March 2022 which comprise the staternent of financial activities, the balance sheet and the notes to the financial
statements, including a summary of significant accounting policies. The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial
Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United
Kingdom Generally Accepted Accounting Practice).
In our opinion. the financial stalemenls..
give a true and fair view of the stale of the charitable company's affairs as at 31 March 2022 and of its
incoming resources and application of resources, for the year then ended.,
have been properly prepared in accordance with United Kingdom Genèrally Accepted Accounting Practice.,
and
have been prepared in accordance with the requirements of the Companles Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI {ISAs (UK)) and applicable
law. Our responsibilities under those standards are further described in the Auditoffs responsibilities for the audit ol
the financial statements section of our report. We are independent of the company in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Stsndard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements. we have concluded that the Members, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubl on the company's ability to continue as a going
concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Members with respect to golng concern are described in the
relevant sections of this report.
Other information
The other information comprises the inforrnation Included in the annual report other than the financial statements
and our auditor's report thereon. The Members are responsible for the other infonnation contained within the annual
report. Our opinion on the financial statements does not cover the other information and we do not express any form
of assurance conclusion thereon. Our responsibility is to read the other infomiation and, in doing so, consider
whether the other information is materially inconsistent with the financial statements or our knowledge obtained in
the course of the audit, or olhewise appears to be materially misstated. If we identify such material inconsistencies
or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement
in the financial statements themselves. If, based on the work we have performed, we conclude that there is a
material misstatement of this other information, we are required to report thal fact.
We have nothing to report in this regard.
Matters on which we are required to report by exceptlon
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and
Reports) Regulations (Northern Ireland) 2015 require us to report to you if, in our opinion..
the information given in the financial statements is inconsistent in any material respect with the Members,
report., or
sufficient accounting records have not been kept., or
the financial statements are not in agreement with the accounting records.. or
we have not received all the information and explanations we require for our audit.

Irwin
. Donaghey
Stockman
BIG TELLY THEATRE COMPANY
INDEPENDENT AUDITOR'S REPORT {CONTINUED)
TO THE MEMBERS OF BIG TELLY THEATRE COMPANY
Responsibilities of Members
As explained more fully in the statement of Members. responsibilities, the Members, who are also the directors of
the company for the purpose of company law, are responsible for the preparation of the financial statements and for
being satisfied that they give a true and fair view, and for such internal control as the Members determine is
necessary to enable the preparation of financial statements that are free from material mi55tatement, whether due
lo fraud or error. In preparing the financial slatemenls, the Members are responsible for assessing the company's
ability to continue as a going concern, disclosing, as applicable, mallers related to going concern and using the
going concem basis of accounting unless the Members either intend to liquidate the charitable company or to cease
operations, or have no realistic alternative but to do so.
Auditor's responsibilltles for the audlt of the flnancial statements
We have been appointed as auditor under section 65{21 of the Charities Act (Northern Ireland) 2015 and report in
accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error. and to issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance
with ISAS (UK) will always detect a material misstaternent when it exists. Misstatements can arise from fraud or
error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence
the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularttie5, including fraud, is detailed below.
Our approach to identifying and assessing the risk5 of material misstatement in respect Df irregularities including
fraud and non-compliance with laws and regulations, was as follows..
we identified the laws and regulations applicable to the charity through discussions with trustees and other
management, and from our commercial knowledge and experience of the sector.,
we assessed the extent of compliance with the laws and regulations identified above through making
enquiries of management and inspecting legal correspondence.
We asse55ed the sus￿ptIbilItY of the charity's financial statements to material misstatement, including obtaining an
understanding of how fraud might occur, by:
making enquiries of management as to where they considered there was susceptibility to fraud, Ihejr
knowledge of actual, suspected and alleged fraud.,
considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and
regulations., and
performing analytical procedures to identify any unusual or unexpected relationships.,
reviewing journal entries lo identify unusual transactions-
assessing whether judgements and assumptions made in determining the accounting estimates were
indicative of potential bias,
investigating the rationale behind any significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures
which included, but were not limited lo..
agreeing financial statements disclosures to underlying supporting documentation.,
reading the minutes of meetings of those board of trustees..
enquiring of management as to actLAal and potential litigation and claims.,
reviewing legal correspondence.
There are inherent limitations in our audit procedures described above. The more removed laws and regLtlations are
from financial transactions. the less likely it is that we would become aware of non-compliance. Auditing standards
also limit the audit procedures required to identify non-compliance with laws and regulations lo enquiry of the
trustees and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may
involve deliberate concealment or collusion.

Irwin
. Donaghey
Stockmon
BIG TELLY THEATRE COMPANY
INDEPENDENT AUDITOR'S REPORT ICONTINUED)
TO THE MEMBERS OF BIG TELLY THEATRE COMPANY
A further description of our responsibilities is available on the Financial Reporting Council's website at.. https'.11
www.frc.org.uklaudilorsresponsibilities. This description forms part of our auditor's report.
Use of our report
This report is made solely to the charitable company's trustees. as a body, in accordance with Parl 4 of the Charities
(Accounts and Reports) Regulations 2015. Our audit work has been undertaken so that we might state to the
charitable company's members those matters we are required lo slate to them in an auditor's report and for no other
purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the
charitable company and the charilable company's trustees as a body, for our audit work, for Ihis report. or for the
opinions we have formed.
This report is made solely lo the company's members. as a body, in accordance with section 391 of the Companies
Act 2006. Our audit work has been undertaken so that we might stale lo the company's members those mallers we
are required to slate to them in an auditor's report and for no other purpose. To the fullest extent permitted by law,
we do not accept or assume responsibility to anyone other than the company and the company's members as a
for our audit work. for this report. or for the opinions we have formed.
Dall
(Senior Statutory Audltor
Irwin Donaghey Stockman LLP
23125 Queen Street
COLERAINE
Co Londonderry
BT52 1 BG
21 September 2022
10-

Irwin
- Donaghey
Stockman
BIG TELLY THEATRE COMPANY
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOW.tE AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2022
Unrestricted Unrestricted Restricted
funds
funds
funds
general deslgnated
2022
2022
Total
Total
2022
2022
2021
Notes
Income and endowments from:
Donations and grants
Other trading activities
Investrnents
Other income
309,350
56,720
309,350
56,720
503
334,690
46,715
528
693
503
Total income
503
366,070
366,573
382,626
Raising funds
4,025
4,025
2,785
Charitable activities
1,625
355,028
356,653
360.813
Total resources expended
5,650
355,028
360,678
363,598
Net {expenditure)lin¢ome for the yearl
Net movement in funds
{5.1471
11,042
5,895
19,028
Net {expenditurellincome for the yearl
Net movement In funds
(5,1471
11,042
5,895
19.028
Fund balances al 1 April 2021
24,735
15,776
75,078
115,587
96,557
Fund balances at 31 March 2022
19,588
15.776
86,118
121,482
115.583
The statement of financial activities also complies with the requirements for an income and expenditure account
under the Companies Act 2006.
11

Irwin
- Donaghey
Stockman
BIG TELLY THEATRE COMPANY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Accounting policies
Charity information
Big Telly Theatre Company is a private company limited by guarantee incorporated in Northern Ireland. The
registered office is Flowérfield Arts Centre, 185 Coleraine Road. PORTSTEWART, Co Londonderry, BT55
7HU.
1.1 Accounting convention
The financial statements have been prepared in accordance with the company's Igoverning documentl, the
Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland, (°FRS 102"} and the Charities SORP "Accounting and Reporting by Charities.- Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" leffeclive 1 January 2019). The
company is a Public Benefit Entity as defined by FRS 102.
The company has taken advantage of the provisions in the SORP for charities not to prepare a Statement of
Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting
policies adopted are set out below.
1.2 Going concern
The trustees have recognised and acted upon the impact sustained in 2020 due to the Covid-19 pandemic
and have reviewed the potential impact going forward into 2022 and beyond. The trustees are of the opinion
that they have adequate resources to see the charity through this difficult period and continue in operational
existence for the foreseeable future.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Members in furtherance of their charitable
objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and
uses of the restricted funds are set out in the notes to the financial slalements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the
company.
1.4 Income
Income is recognised when the company is legally entitled to it after any performance conditions have been
met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. other donations are recognised once the company has been
notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable
in relation lo donations received under Gift Aid or deeds of covenant is recognised al the time of the donation.
Turnover is measured at the fair value of the consideration received or receivable and represents amounts
receivable for goods and services provided in the normal course of business, net of discounts, VAT and other
sales related taxes.
12-

Irwin
- Donaghey
Stockman
BIG TELLY THEATRE COMPANY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Accounting poll¢ies
(Continued)
1.5 Expendlture
Liabilities are recognised as expenditure as soon as there is a legal or constru¢tjve obligation committing the
Company lo that expenditure, it is probable that settlement will be required and the amount of the obligation
can be measured reliably. All expenditure is accounted for on an accruals basis.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognisèd so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases..
Plant and machinery
Office equipment
stage Equipment
25 % straight line
25 % straight line
250/tt Straight line
The gain or loss arising on the disposal of an asset is detemiined as Ihe difference betseen the sale proceeds
and the carrying value of the asset, and is recognised in the statement of financial a¢livilEs.
1.7 Impairment of fixed assets
Al each reporting end date, the company reviews the carrying amounts of its tangible assets to determine
whether there is any indication that those assets have suffered an impairment loss. ff any such indication
exists. the recoverable amount of the asset is estimated in order to detemine the extent of the impairment
l oss lif any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.9 Flnancial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instrurnenls, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of ils financial instruments.
Financial instruments are recognised in the Company's balance sheet when the company becomes party lo
the conlraclual provisions of the instrument.
Financial assets and liabilities are offset. with the net amounts presented in the financial statements, when
there is a legally enforceable right lo set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneous5y.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement conslitules a financing transaction, where the transaction is
measured at the present value of the fulure receipts discounted al a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
13-

BIG TELLY THEATRE COMPANY
Donaghey
. Stockman
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Accounting policies
(Continued)
Impairment of financial assets
Financial assets, other than those held al fair value through income and expenditure, are assessed for
indicators of impairment at each reporting dale. Financial assets are impaired where there is objective
evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset,
the estimated future cash flows have been affected.
If an asset is impaired, the impairment loss is the difference between the carrying amount and the present
value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss
Is recognised in net incomel{expenditurel for the year.
If there is a decrease in the Impairment loss arising from an event occurring after the impairment was
recognised, the impairment is reversed. The reversal is such that the current carrying amount does not
exceed what the carrying amount would have been, had the impairment not previously been recognised. The
impairment reversal is recognised in net incomel(expenditurel for the year.
Derecognitlon of financlal assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or
are settled, or when the company transfers the financial asset and substantially all the risks and rewards of
owneiship to another enlily, or if some significant risks and rewards of ownership are retained bul control of
the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction pri￿ unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest Financial liabilities classified as payable
within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabillties
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or
cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the company is demonstrably
committed to lerminale the employment of an employee or to provide termination benefits.
1.11 Retirement benefits
Payments lo defined contribution retirement benefit schemes are charged as an expense as they fall due.
14-

BIG TELLY THEATRE COMPANY
- Donaghey
iJ<
Stockman
BALANCE SHEET
AS AT 31 MARCH 2022
2022
2021
Notes
Flxed assets
Tangible assets
Current assets
Debtors
Cash al bank and in hand
11
17,627
5,553
12
57,628
200,404
28,611
150,558
258,032
179,169
Creditors: amounts falling due within
one year
13
(154,177}
(69,1371
Nel current assets
103,855
110,032
Total assets less current liabilities
121,482
115,585
Income funds
Restricted funds
Unrestricted funds - designated
Unrestricted funds - general
86,118
15,776
19,588
75,074
15,776
24,735
121,482
115,585
The company is entitled lo the exemption from the audit requirement contained in section 477 of th e Companies Act
2006, for the year ended 31 March 2022, although an audit has been carried out under section 65 of the Charities
Act (Northern Ireland) 2013. No member of the company has deposited a notice, pursuant to section 476, requiring
an audit of these accounts under the requirements ofthe Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006
with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companies regime.
The financial statements were approved by the Members on 21 September 2022
T Maguire
T Hennessey
Company Registration No. N1022539
15-

Irwin
- Donaghey
Stockman
BIG TELLY THEATRE COMPANY
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2022
Donations and grants
Unrestricted Restrlcted
funds
funds
Total
2022
Total
2021
Donations and grfts
Grants receivable
60
334,630
309,35Q
309,350
309,350
309,350
334,690
For the year ended 31 March 2021
60
334,630
334,690
Grants receivable for core activities
ACNI Revenue Grant
ACNI Other Grants
Esmee Fairbairn Foundation
The tr4alifax Foundation
Causeway Coast & Glens Borough Council
Fun Palaces
Innovate UK
Allianz Arts & Business Nl Award
National Heritage
The Comrnission of Victims & Survivors
Future Screens R&D
British Council
Garfield Weston Foundation
University of Ulster- Future Screens
The Foyle Foundation
The Leche Trust
1138,4861 1138,486}
18, 5881
(8,5881
110,0001
{10.000}
{211,401)
(31 ,6801
(18,333)
(10,000)
11,2911
114,0401
17,200)
114,240}
124.9361
19001
(7,2001
{14,240)
{24,936)
{900)
11,500}
(10,0001
(19,6351
13,7501
13,0001
110,0001
(12,0001
112,000)
(20,0001
(15,0001
(10.0001
11,6501
120,000)
115,000)
110,000)
(1,650)
1263,000) (263,0001
334,630
Other tradlng activities
2022
2021
Perforrnance and Workshop fees
56,720
46,715
Investments
2022
2021
Interest receivable
503
528
16-

BIG TELLY THEATRE COMPANY
. Donaghey
Stockman
BALANCE SHEET {CONTINUED>
ASAT31 MARCH 2022
Other income
Total Unrestrlcted
funds
general
2021
2022
Sundry income
693
Charitable activities
Charitable Charitable
Expenditure Expendlture
2022
2021
Staff costs
Rent
Insurance
Light and heat
Props, sets and Costumes
Printing and stationery
Telephone and postage
Motor expenses
Travel and accommodation
Publicitylpromotional work
Hire of equipment and rehearsal space
Sundry expenses
Fees and subscriptions
Bank charges
101,557
4,776
3,174
302
25.079
1,329
3,406
3.382
26.682
5.974
5.820
2.825
170.585
137
74,787
5,506
3,036
286
10,222
738
2,977
2,828
3,076
1,246
4,487
2,915
246,917
242
355,028
359,263
Share of governance costs (see note 8)
1,625
1,550
356,653
360,813
Analysis by fund
Unrestricted funds - general
Restricted fund5
1,625
355,028
1,550
359,263
356,653
360,813
Raising funds
2022
2021

Irwin
. Donaghey
Stockman
BIG TELLY THEATRE COMPANY
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2022
Ralslng funds
(Continued)
Tradin
costs
Depreciation and impairment
4,025
2.785
4,025
2,785
Support costs
Support Governance
costs
costs
2022
Support Governance
costs
costs
2021
Audit fees
1,625
1,625
1,550
1,550
1,625
1,625
1,550
1,550
Analysed between
Charitable activities
1,625
1,625
1,550
1,550
Governance costs includes payments to the auditors of £1 ,625 {2021- £1,550) for audit fees.
Members
None of the Members {or any persons connected with them) received any remuneration or benefits from the
company during the year.
10 Employees
The average monthly number of employees during the year was..
2022
Number
2021
Number
Employment ¢0Sts
2022
2021
Wages and salaries
Social security costs
Other pension costs
95,631
5,511
415
69,709
4,708
370
101,557
74,787
There were no employees whose annual remuneration was more than £60,000.
18

Irwin
. Donaghey
BIG TELLY THEATRE COMPANY
Lr<
Stockman
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2022
11 Tangible fixed assets
Plant and
machinery
Office
equipment
Stage
Equlpmgnl
Total
Cost
At 1 April 2021
Additions
5,380
20,140
15,361
31,267
738
56,787
16,099
At 31 March 2022
5,380
35,501
32,005
72,886
Depreclation and impairment
At 1 April 2021
Depreciation charged in the year
5,380
15,665
3,840
30,189
185
51,234
4,025
At 31 March 2022
5,380
19,505
30,374
55,259
Carrying amount
At 31 March 2022
15,996
1,631
17,627
At 31 March 2021
4,475
1,078
5,553
12 Debtors
2022
2021
Amounts falling due within one year:
Trade debtors
Other debtors
21,744
35,884
5,382
23,229
57,628
28,611
13 Creditors: amounts falllng due within one year
2022
2021
other creditors
Accruals and deferred income
6,234
147,943
7,075
62,062
154,177
69,137

Irwin
. Donaghey
BIG TELLY THEATRE COMPANY
u4
Stockman
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2022
14 Analysis of net assets between funds
Un restrlcted Unrestricted Restricted
general designated
2022
2022
Total
Total
2022
2022
2021
Fund balances al 31 March
2022 are represented by..
Tangible assets
Current asselsl(liabilities)
17,627
103,855
17.627
103,855
5.553
110,032
121,482
121,482
115,585
15 Related party transactlons
There were no disclosable related party transactions during the year12021 none).
-20-