ids. Company Registratlon No. N1022539 (Northern Ireland) Chartered accountants BIG TELLY THEATRE COMPANY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 IDS Chartered Accountants LLP 23125 Queen Street COLERAINE Co Londonderry BT52 1BG BIG TELLY THEATRE COMPANY ids. chartered accountants CONTENTS Page Legal and administrative information Members, report Independent examiner's report Statement of financial activities Balance sheet 1D Notes to the financial statements BIG TELLY THEATRE COMPANY ids. chartered accountants LEGAL AND ADMINISTRATIVE INFORMATION Members Mr Tony Hennessey ITreasurer) Ms. Chris Hurd-wood Ms Cara Macmahon Dr Tom Maguire (Chair) Ms Rosana Trainor Ms Clairc Sugden MsAlison Grundle Mr Eoin O'connell Secretary Mrs C O'Donovan Charity number NIC102334 Company number N1022539 Reglstered office Flowerfield Arts Centre 185 Coleraine Road PORTSTEWART Co Londonderry BT55 7HU Independent examiner IDS Chartered Accountants LLP 23125 Queen Street COLERAINE Co Londondery BT52 1 BG Bankets Danske Bank 22 The Diamond COLERAINE Co Londonderry BT52 1DE ids. BIG TELLY THEATRE COMPANY churtered accountants MEMBERS. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The members present their report and financial ststements for the year ended 31 March 2025. The accounts have been prepared in accordance with the accounting policies set out in note to the accounts and comply with the charity's goveming document, the Companies Act 2006 and "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) (effective 1 January 2015)" Objectives and Activities Big Telly Theatre Company is one of the longest stsnding theatre companies in Nl. Our work is centred around theatre, game, technology, and place. We design professional theatre productions, site specifi¢, live experiential art, immersive games and participatory community driven projects throughout Northern Ireland and internationally. With work spanning over 38 years. the company has a reputation for innovation and accessibility. We work across sectors, using arts to deliver objedives for health, education, heritage, tourism, economic development, social development, rural development and town and city regeneration. As a company, we seek to innovate how and where culture is made and perfo￿ed and how theatre can be used as a tool to regenerate and serve the community to create long term impact. Our work is multi-platform and cross-sectoral, fueled by a belief in the intrinsic value of arts practice and its potential to deliver a range of educational, economic, and social outcomes. Influences in our work to date include, gaming and escape rooms, computer hacking, bumer phones, Al, AR, emotional computing, and binaural sound. 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. The company is extremely proud of its regional identity, and our programme of work reflects 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 worfd stage. In 24125 we worked with 135 creative personnel. wth freelan￿ artist fees totalling £128,208. Our international partnerships provide opportunities to artists to work outside Northern Ireland - The Worst Cafe in the US {Belfast, Philadelphia & New York). We also offer artists free professional development support with regards to agent and casting director connections, funding guidance. BIG TELLY THEATRE COMPANY ids. chartered accountants MEMBERS, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 24125 Partnerships- Police Service of Northern Ireland. The Commission for Victims and Survivors, CAN - Compass Advocacy Network, Women's Aid Federation of Nl, Belfast Intemational Arts Festival, Origin Theatre 1st Irish Festival NYC, Tiny Dynamite Philadelphia, Flowerfield Arts Centre Portstewart, Centre for Cultural Value Leeds, Culture Ireland, Fun Palaces, Colliers Estate Agen15 Belfast, Councils & Govemment bodies,. MEA, Tourism Ireland, Causeway Coast and Glens BC. Repeatability - All of our work is repeatable, sustainable and scalable, with New Work projects progressing into In Repertoire. This affords us to be able to reuse costume, set and tech. Digital Work The largest gains in carbon reduction in wholly digitallhybrid work, come from the complete removal of audiences travelling to a show. By watching from home there is a 99.720/0 reduction in carlx)n generated emi33ion3. Digilal Engagement - Upskilling and investing in social media marketing and utilising our digital channels to create more targeted marketing campaigns, reduces printing and therefore redU￿S our overall environmental footprint. It also saves overhead costs, allowrng us to redirect our marketing budget to more optimal campaigns. Remote Working Whilst we spend a significant amount of time in physical spaces for projects, where we can, partial remote working still remains a favourable option for us. 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. The outcomes achieved to date have been: More people are engaged by the arts through access to new cultural experiences. Increased employment Direct industry impact through creating toolkits and digital communication Increase in audiences More global partnerships TrAn.qfoming niir wnrk digitally thrniigh a pandemic to make the company morè gugtainable 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 toleran￿. A more positive, hamonioLJS. and imaginative society. 2024125 ProductionslProjects Belfast Storycafe The Worst Cafe in the US- New York & Philadelphia Setting Sailortown - Belfast Brick Moon - Digital Granny Jackson Dead - Tour Weston Super MarelLiverpoollDundalklBelfast Lislagan Fun Palace - CAN Ballymoney Portrush Fun Palace- Swell Portrush Operation Spike - BangorlNewtownardslPortavogie The Forest Did It First- Garvagh Coleraine College Project The House - EstonialBelfasUCVS Larnia Christmas Project- Larne World Office in the Wodd - Belfast Outreach Prolects Fun Palaces BIG TELLY THEATRE COMPANY ids. chartered accountants MEMBERS. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Company Mission To invest in the development of professional theatre, theatre skills and creative expression through theatrical eXperIen￿S that surprise, stimulate and entertain. Company Vision Big Telly aims to innovate, involve, inspire, excite, and ignite the imagination through the company's desi9¥i, delively, pivduGlion. tDuiifig cind 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. tslks and summer schools. 4. the facilitation of the growth of cultural activity throughout Nl and to actively seek opportunities to showcase Nl work abroad. 5. the delivery of skills enhancement opportunities. Inaxiniising the resourGes available foi work ihiougli eiihanLiiig exi>tiiig aiid develoyiiig iiew partnerships. 7. developing the capacity of the company to meet the Ghallenges of a changing environment. BIG TELLY THEATRE COMPANY ids. chartered accountants MEMBERS. REPORT {CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 structure, governance and management Big Telly Theatre Company is limited by guarantee and registered with the new Charity Commission for Northern Ireland {NIC102334), governed by a Board of Trustees.. Professor Tom Maguire (Chair), Head of Schools of Arts & Humanities at the University of Ulster,- Chris Hurd-wood, retired HR Development Professional,. Cara Macmahon, CEO of Voluntary Action North Somerset,. Rosana Trainor, Charity Shop Coordinator., Tony Hennessey, Accountant" Ms. Claire Sugden MLA." Alison GrLrndle Business Itnpiovemellt Corisultdnt aiid and Eoin O'connell PrinGipal Data Scientist. Cfissy O Donovan is the Company Secretary. The company's board provides relevant expertise in human resources, marketing and PR, finance, contemporary and cultural theatre practi￿ as well as relevant strategic and planning skills. The company'5 full-time staff are Company Manager (Crissy O Donovan). Project Manager (Linda McCracken>, Finance Manager (Collette Quigley), who together with the Artistic Director {Zoè Seatonl oversee the running of the enlire artistic prograiniiie. Between tliem, ihese company trieinbers have over fifty years of exyei ieiic in managing arts projects. The Company has Ethical Manager Status and is a member of the Independent Theatre Counci5 (ITC) and of Theatre Nl. The company operates ITCIUNITE and ITCIEquity minimum rates. tems and condition5 for both permanent and contractual staff. The company has regular staff meetings involving the entire stsff team. The core staff report to the Board of Trustees at quarterly meetings. The company regularly reports to ACNI and other funders on its progress through Mid-year and End of Year Client Reports and quarterly monitoring meetings with our Arts Officer. Professor Tom Maguire (Chairl, Head of Schools of Arts & Humanities at the University of Ulster, regularly monitors progress on funding applications and their administration. The organisation follows the Charity Commission's guidance and sets a target for reserves based on our cash fiow requirements and an assessment of the risks facing the organisation. Our aim is to hold reserves at a level which is not excessive but does not put our solvency at 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.. a. Meet contractual liabilities should the charity have to close including redundancy pay, amounts due to creditors and commitments under leases. b. To meet unexpected costs like breakdown of essential office equipment-, staff cover in the event of illness, maternity leave. parentsl leave., and legal costs defending the charity's interest. G. 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 present themselves during the year. d. To fund risks that may materialise. resulting in an unexpected increase in expenditure andlor reduction in income. e. To provide working capital when funding is paid in arrears and place the charity in a position where it could apply for funding which can be paid up to 12 months in arrears. The trustees Sim to maintain the charity's reservès at a level which is gt least equivalent to bNo monthq operational expenditure {circa £20,000) in addition to designating a minimum of £18,991 towards potential redundancy outlay in the event of the company having to cease operations and have done so 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. The in kind value we receive each year is approximately £65,000. On 31 March 2025 the charty held £31,000 as reserves. In the event of reserves dipping below the target the charity will aim to restore the reserves to its minimum level over a four-year period through increased fundraising, increasing earned income andlor reducing expenditure. If reserves ex￿ed the target, then the charity will consider the likely expenditure over the next tsvo years. The Members, ￿port was approved by the Board of Members. BIG TELLY THEATRE COMPANY ids. chartered accountants MEMBERS. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 T Maguire E O'connell Dated." 3 October 2025 BIG TELLY THEATRE COMPANY ids. chartered accountants INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF BIG TELLY THEATRE COMPANY I report to the Members on my examination of the finanaal statements of Big Telly Theatre Company (the company) for the year ended 31 March 2025. Responsibilities and basis of report As the Members of the company (and also its directors for the purposes of company law). you are responsible for the preparation of the financial statements in accordan￿ wilh the requirements of the Companies Act 2006. Having satisfied myself that the financial statements of the ￿rnPany are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the company's financial statements carried out under sedion 65 of the Charrties Act {Northem Ireland) 2013 {the 2013 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission for Northern Ire13nd under section 65{9){b) of the 2013 Act. Independent examinerfs ststement Since the company's gross income ex￿eded £250,000 your examiner must be a member of a body listed in section 65 of the 2013 Act. I confimi that l am qualified to undertake the examination because l am a fnember of the Institute of Chartered Accountants in Ireland, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounling records were not kept in respect of the company as required by section 386 of the Companies Act 2006. the financial statements do not accord y￿th those records., or the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view. which is a matter considered as part of an independent examination-. or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and feporting by charities applicable to charities preparing their financial statements in accordanee with the Financial Reporting Standard applicable in th8 UK and Republic of Ireland (FRS 102). I have no concems and have come across no other matters in connection with the examination to whiGh attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. s QL.LI (J LL . IDS Chartered Accountants LLP 23125 Queen Street COLERAINE Co Londondery BT52 IBG 3 October 2025 (Q Tt t o) C￿rtered accountant 7J fn 4t 7J w e ¢0 coooo ¢J) UJ 7J 00￿0 ids. chartered accountant ID 7) 7J BIG TELLY THEATRE COMPANY ids. hartered accountants BALANCE SHEET AS AT31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets 14 30,108 15,286 Current assets Debtors Cash at bank and in hand 15 25,382 169,946 31,234 206,575 195,328 237.809 Creditors: amounts falling due within one year 16 (63,360) {92,835) Net current assets 131.968 144,974 Total a55ets le55 Current Ilabllltles 162,076 160,260 Income funds Restricted funds Unrestrictèd fLinds - dÈsignated Unrestricted funds - general 18 19 94,118 18,991 48,967 94,116 15,776 50,368 162,076 160,260 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025. No member of the company has deposited a notice, pursuant to section 476, requirtng an audit of these accounts. The directors acknowledge their responsibi5ities for complying with the requirements of the Companies Act 2006 with rp..qpp.r.t to ar.r.niinting rernrds and the preparation of financial statÈmÈnts. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. 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 3 October 2025 T Maguire E O'connell Company registration number N1022539 10- BIG TELLY THEATRE COMPANY ids. chartered accountants NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity information Big Telly Theatre Company is a private company limited by guarantee incorporated in Northern Ireland. The registered office is Flowerfield Arts Centre, 185 Coleraine Road, PORTSTEWART, Co Londonderry, BT55 7HU. 1.1 Basis of preparation The financial statements have been prepared in accordance with the company's governing document, the Companies Ad 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the charities SORP "Accounting and Reporting by Chanties.. Statement of Recommended Practice applicable to Gharities preparing their accounts irh acGordaiiGe witli tlie FinanGidl Repoiliiig Sl 30,108 30,108 131,968 15,286 144,974 18,991 94,118 48,967 18.991 94,118 162.076 160,260 22 Related party transactions There were no disclosable related paty transactions during the year (2024 - none). 21