Charity registration number: NIC102426
Company registration number: N133485
Armagh Theatre Company Limited
Financial Statements
Year Ended 1st July 2023

Annagh Theatre Company Limited
Financlal Statements
Year Ended 1st July 2023
Contents
Page
Charity Reference and Administrakn've Details
Trustees. Annual Report (Including Director's Report)
Independent Examiner's Report
Statement of Financial Activities (Including Income and Expenditure Account)
Balance Sheet
Notes to the Financial Statements
8-13

Arniagh Theatre Company Limited
Charity Reference and Admlnistrative Details
Year Ended 1 st July 2023
Charity registration number
NIC102426
Company registration number
N133485
Trustees
Mr W T Hanna
Mrs B Heaney
Miss A Kelly
Mr B Lamb
Registered OlTice
clo 1 Tower Hill Close
Armagh
Co Armagh
Bt619HY
Accountant
WHR Accountants
26 The Square
Moy
Co Tyrone
BT717SG
Bankers
Bank of Ireland
11 Upper English Streel
Armagh

Armagh Theatre Company Limited
Trustees, Annual Report (Including Directors. Report)
Year Ended 1" July 2023
The Tnjstees present their report and the financial ststements of the charity for the year ended 1 St July 2023.
The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting
and Reporting by Charities" (FRS 102) in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in notes to
the accounts and comply with the charity's goveming document, the Charities Act and Accounting and
Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts
in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland.
Trustees of the charity
The directors of the charitable company are its trustees for the purposes of charity law. The trustees who
have served during the year and since the year end were as follows:
Mr W T Hanna
Mrs B Heaney
Miss A Kelly
Mr B Lamb
Objectives and activities
The purpose for which the charity is established is to advance the education of the general public by the
production of theatre and plays.
The direct benefits which flow from this purpose are:
Enhancement and wellbeing and appreciation of the Arts
The enjoyment and better understanding of the Arts
Expanding the educational and learning experience through the medium of live theatrical performance
These benefits are evidenced through:
Regular feedback from audiences
Photolvideo documentation
There is no hann arising out of our purposes.
The charity's beneficiaries are-.
Primarily members of the public in Arniagh City and its environs but extending further afield when touring
certain productions.
There is no private benefrt flowing from our purpose.
This year we retumed to normal busines5, Post covid.
My Brilliant Divorce travelled to the Craic Theatre in Coalisland and the Garage Theatre in Monaghan in the
autumn.
November saw a major productton of Impact, Armagh's Train Disast@r in the Studio Theatre of the Market
Place, Armagh.
June saw a productlon of Bleak Expectations over 2 weekends in Abbey Lane Theatre.
Open Mic Nights were held monthly in Abbey Lane Theatre.
A youth Drama group commenced in September with 15 young people participating and this continued
through to June with 2 show case productions.

Arn7agh Theatre Company Llmited
Trustees, responsibilities
The trustees (who are also directors of Arniagh Theatre Company Limited for the purposes of company law)
are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom GeneraNy Accepted Accounting
Practice).
Company law requires the trustees to prepare financial statements for e8ch financial year, which give a true
and fair view of the state of affairs of the charitable company and of the incoming resources and application
of resources, including the income and expenditure, of the charitable company for that period. In preparing
these fjnancial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charities SORP:
make judgements and estimates that are reasonable and prudent
state whether applicable UK Accounting Standards have been followed, subject tr) any material
departures disdosed and explained in the financial statements.
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charitable company will continue in operation.
The trustees are responsible for keeping adequate accounting records that disdose with reasonable
accuracy at any time the financial position of the charitable company and enable them to ensure that the
financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the
assets of the charitable company and hence for taktng reasonable steps for the prevention and detectFon of
fraud and other irregularities.
On bahalf of the boa
qF,11
Mr W T Hanna. Trus
5th March 2024

Arniagh Theatre Company Limited
Independent Examinerfs Report
Year Ended 1st July 2023
I report on the accounts of the company for the year ended 1st Juty 2023 which are set OLrt on pages 5 to 13.
Respective responsibilities of trustees and examiner
As the charity tru5tee5 (and also the directors of the cornpany for the purposes of company law) you are
responsible for the preparation of the accounts in accordan￿ with the requirements of the Companies Act
2006. Having satisfied myself that the charity is not subjecf to audit under company law. and is eligible for
independent examination, it is my ￿spOnsIbl{1ty to:
examine the accounts under section 65 of the Charities Act;
follow the procedures laid down in the general Directions given by the Charity Commission for
Northem Ireland under section 65(9)(b) of the Charities Act., and
stste wheiher particular matters have come to my attention.
Bas￿ of independent examiner's report
I have examined your charity accounts as required under section 65 of the Charities Act and my examination
was carried out in accordan￿ with the general Directions given by the Charity Commission for Northem
Ireland under sectton 6519)(b) of the Charitles Act. The examination Induded a review of the %counting
records kept by the charity and a comparison of the accounts presented with those records. It also indudes
consideration of any unusual ttems or disclosures in the accounts and seeking explanations f10m you as
Charity trustees conceming any such matters.
My role is to state whether any material matters have come to my attention giving me cause to believe:
1. That accounting records were not kept in accordan￿ with section 386 of the Companies Act 2006
2. That the accounts do not accord with those accounling records
3. That the accounts do not comply with the accounting requirements of section 396 of the Companies Act
2006 and with the methods and principles of the Charities Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard
applicable in the UK and Republic of Ireland
4. That there is further information needed for a proper understanding of the accounts to be reached.
Independent examiner's ststement
I have completed my examination and have no concems in respect of the matters (1) to {4) listed above and,
in connection with following the Directions of the Charty Commission for Northem Ireland, I have found no
matters that require drawing to your attention.
Andrew Gilpin
ACCA
WHR Accountants Ltd
26 The Square
Moy
Co Tyrone
BT717SG
5th March 2024

Armagh Theatre Company Limited
Statement of Financial Activities
Year Ended 1$t July 2023
2023
Unrestricted
Total
2022
Unrestricted
Tolal
Note
Income and endowments from:
Donations and legacies
Charitable activities
Investments
2.805
16,053
130
7,012
Total income and endowments
18,860
7,142
Expenditure on:
Charitable activities
9,212
4,612
Total expenditure
9,212
4,612
Net income
9.648
2.530
Net movement in funds
9,648
2.530
Reconciliation of funds:
Total funds brought forward
12
93,042
90,512
Total funds carried forward
12
102,690
93,042
All income and expenditure derive from continuing activities.
The statement of financial activities includes all gains and losses reC￿gnISed during the year.

Armagh Theatre Company Limited
Summary Income and Expenditure Account
Year Ended 1st July 2023
2023
2022
Note
Income
Interest and inveslment income
18,858
7.142
Gross income
18,860
7,142
Expenditure
Depreciation and impaimient charges
8,035
1.177
4.379
233
Total expenditure
9,212
4,612
Net income
9,648
2,530

Armagh Theatre Company Limited
Balance Sheet
Year Ended 1st July 2023
2023
2022
Fixed assets
Tangible assets
Note
76,126
72,393
Current assets
Prepayment
Cash at bank and in hand
76,126
72,393
1,050
46,201
916
37.668
Net current assets
47,251
38,584
Total assets
123,377
110.977
Creditors: amounts falling due wlthin one year
10
3,187
435
Net assets
120,190
110.542
Charity Funds
Unrestricted funds
Restricted funds
12
12
102,690
17,500
93,042
17,500
Total charity funds
12
120.190
110,542
The directors are satisfied that the company was entitled to exemption trom audit under section 477 of the
Companies Act 2006 and that members have not ￿qUired an audit in accordan￿ with section 476.
The directors acknowledge their responsibilities for..
ensuring that the company keeps accounting records which comply with the Act.. and
preparing account5 which give a true and fair view of the state of affairs of the charitable company
as at the end of the financial year and of rts profit or loss for the financial year in accordance wtth the
requirements of the Act, and which othejwise comply with the requirements of this Act relating to
accounts, so far as applicable to the charitable company.
These accounts have been prepared in accordance with the provisions applicable to companies subject to
the small companies regime.
The financial statements were approved and authorised for issue by the Board on 5th March 2024.
Signed on behalf of the board of trust
Mr W T Hanna. Trustee
5th March 2024
The notes on pages 8 to 13 fonn part of these financial statements.
Company registration number N133485

Arniagh Theatre Company Limited
Notes to the Financial Statements
Year Ended I" July 2023
Summary of slgnificant accounting policles
{a) General infonnation and basis of preparation
Armagh Theatre Company Limited is a company limf(ed by guarantee in Northern Ireland. In the
event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per
member of the charity. The address of the registered office is gtveTr in the charity infomation of
these financial statements. The nature of the charity's operations and principal activities are to
advan￿ the education of the general public by the production of theatre and plays.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements
have been prepared in accordance with Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (Charities
SORP {FRS 102)). the Companies Act 2006 and UK Generally Accepted Practice.
The charity does not include a cash flow ststement on the grounds that it is apptying FRS 102
Section 1A
The financial Statements are prepared on a going concern basis under the historical cosl
convention, modified to include certain items at fair value. The financial statements are
presented in sterling which is the functional currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are
set out below. These policies have been consistently applied lo all years presented unless
otherwise stated.
(b) Funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the
general objectives of the charity and which have not been designated for other purposes.
(c) Income recognition
All incoming resources are included in the Statement of Financial Activities (SOFA) when the
charity is legally entitled to the income after any performance conditions have been met. the
amunt can be measured reliably, and it is probable that the income will be received.
For donations to be recognised the charity will have been nolified of the amounts and the
settlement date in writing. If there are conditions attached to the donation and this requires a
level of performance before entitlement can be obtained, then income is deferred until those
conditions are fully met or the fulfilment of those conditions is within the control of the charity and
it is probable that they will be fulfilled.
Donated facilities and donated professional services are recognised in income at their fair value
when their economic benefit is probable, it can be measured reliably. and the charity has control
over the item. Fair value is determined on the basis of the value of the gift to the charity. For
example, the amount the charity would be willing to pay in the open market for such faciltttes arKI
services. A corresponding amount is reGognised in expenditure.
No amount is included in the financial statements for volunteer time in line with the SORP (FRS
102).

Amiagh Theatre Company Limited
Notes to the Financlal Statements Year Ended 1st July 2023 contdl
The charity receives grants in respect of fixed assets. Income from govemment and other grants
are recognised at fair value when the charity has entitlement after any performance conditions
have been met. it is probable that the income will be re￿ived, and the amount can be measured
reliably. If entttlement is not met, then these amounts are deferred.
Investment income is earned through holding assets for investment purposes. It includes
interest. Interest income is recognised using the effective interest method.
(d) Expenditure recognition
All expenditure is accounled for on an accruals basis and has been classrfied under headings
that aggregate all costs related to the category. Expenditure is recognised where there is a legal
or constructive obligation to make payments to third parties. it is probable that the settlement will
be required, and the amount of the obligation can be measured reliabty. It is categor¢sed under
the following headings..
Expenditure on charitable activities includes production expenditure- and
Other expenditure represents those items not falling into the category above.
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
(e) Support costs allocation
Support costs are those that assist the work of the charity but do not directty represent
charitable activities and include office costs and premises costs. They are incurred direcuy in
support of expendtture on the objects of the Charity.
Fund-raising costs are those incurred in seeking voluntary contributions and do not include the
costs of disseminating information in support of the charitable activities.
The analysis of these costs is included in note 6.
(fj Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated
depreciation and accumulated impairment losses. Cost includes costs directly attributable to
making the asset capable of operating as intended.
DepreGiation is provided on all tangible fixed assets, at rates calculated to write off the cost less
estimated residual value, of each asset on a systematic b35is over its expected useful life as
follows:
Fixtures and fittings
25 % reducing balance
(g) Debtor5 and creditors receivable I payable wEthin one year
Debtors and creditors with no stated interest rate and reoivable or payable within one year are
recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
(h} Impaimient
Assets not measured at fair value are reviewed for any indication that the asset may be impaired
at each balance sheet date. If such indication exists, the recoverable amount of the asset or
the asset's cash generating unit, is estimated and compared to the carrying amount. Where the
carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or
loss unless Ihe asset is carried at a revalued amount where the irnpairment loss is a revaluation
decrease.

Arniagh Theatre Company Limited
Notes to the Financial Statements Year Ended 1st July 2023 contdl
(i) Tax
The charity is an exempt charFty within the meaning of schedule 3 of the Charities Ad 2011 and
is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and
therefore it meets the definition of a Charitable company for UK corporation tax purposes.
ti) Going concern
The financial statements have been prepared on a going concem basis as the trustees believe
that no matertal uncertainties exist. The trustees have considered the level of funds held and the
expected level of income and expenditure for 12 months from authorising these financial
statements. The budgeted income and expenditure is sufficient with the level of reserves for the
charity to be able to continue as a going con￿M.
(k) Judgements and key sources of estimation uncertainty
The trustees do not feel there any material judgements or key SoU￿eS of estimation uncertainty
in these accounts.
Income fr¢>m donations and legacies
2023
2022
GFfts
Other
2,805
130
2,805
130
All income was attributable to unrestricted funds.
Income from charitable activities
2023
2022
Income from productions
Members subscriptions
Perfonnance related grants
13,881
1.168
1.004
5,703
1,164
145
16,053
7,012
Income from charitable aotivities was attributsble to unrestricted funds.
Grant income was released from deferred income this was received for capital equipment.
Income from investments
2023
2022
Interest- deposits
Income from investrnent was attributable to unrestricted funds.
10

Amiagh Theatre Company Limited
Notes to the Financial Statements Year Ended 1st July 2023 contdl
Analysis of expenditure on charitable activities
Activities undertaken directly
2,197
Support costs
Production activities
Total
7,015
9,212
2,197
7,015
9.212
All of the above costs were attributable to unrestricted funds.
Allocation of support costs
Support cost
Production
activities
Total
Depreciation
Office costs
Other
1,177
327
5.511
1,177
327
5,511
Total
7,015
7,015
Net income for the year
Net income is stated after charging l (credrting)-
2023
2022
Depreciation of tangible fixed assets
Capital grant release
1,177
(1,004)
233
(145)
Trustees, and key management personnel remuneration and expenses
The trustees nerther received nor watved any remuneration during the year (2022.. £Nil).
The trustees did not have any expen*s reimbursed during the year (2022 - £Nil).
11

Arniagh Theatre Company Limited
Notes to the Financial Statements Year Ended 1st July 2023 contdl
Tangible fixed assets
Fixtures
and
fittings
Land and
buildings
Cost or valdatloil..
At 2nd July 2021
Addiilui-lb
Disposals
evaluaiion
At 181 July 2022
Total
75,929
13,983
89,912
76,829
17,993
94.822
Depreciation=
At 2nd July 2021
Charge for the year
Impairment
Revaluation
Eliminated on disposals
At 1S1 July 2022
4,233
13.286
1,177
17,519
1,177
4,233
14,463
18,696
Net book value:
At 1$t July 2023
72,596
3,530
76.128
At 1st July 2022
71,696
The net book value of land and buildings comprisea:
2023
2022
Land and buildings..
Freehold
72.596
72,596
71,696
71,696
Certain freehold land and buildings included above were recognised using a previous valuation
as a deemed cost on transition to SORP (FRS 102).
10 Creditors: amounts falling due after more than one year
2023
2022
Accruals and deferred income
3,188
435
3,188
435
11
Defrthrred invome
Tot21
At 2p,d July 2022
Additions during the year
Amounts released to income
435
435
3,579
3,579
(1,004) {1,004)
At 1st July 2023
3,010
3.010
Income has been deferred on grants received for capital purchases.
12

Armagh Theatre Company Limited
st
Notes to the Financial Statements Year Ended 1 July 2023 contdl
12 Fund reconciliation
Unrestricted funds
Balance
at
2nd July
2022
Balance at
1M July
2023
Income
Expenditure
Unrestricted
Revaluation
93,042
17.500
18.860
9,212
102,690
17,500
110.542
18,860
9.212
120,190
Fund descriptions
a) Unrestricted funds
Unrestricted funds are funds which can be spent for any charitable purposes of the company.
13 Analysis of net assets between funds
Unrestricted
funds
Total
Fixed assets
Cash and current investments
Creditors more than one year
76,126
47,251
(3,187)
76,126
47.251
(3.187)
Total
120,190
120.190
14 Related party transactions
There are no related party transactions during the period (2022: £ nil).
13