Arnmgh Theatre Company Limited
Statement of Financial Activlties
Year Ended 1" July 2024
2024
Unrestrtcted
Totsl
Unrestricted
Total
Note
Income and endowments fronr.
Donations and legacies
Charitsble athities
Investments
2.805
16.053
27,238
12
Total income and endowments
27.250
18.860
Expendtture on:
Ch2fitab!e athiit
fj6.393
9.212
Total expenditure
16.393
9,212
Net Income
10,857
Net movement in funds
10.857
9.648
Reconciliation of funds=
Total funds brought foprtard
12
102.690
93,042
Total fun¢ls carried forward
12
113.547
102.690
All income and expenditure derive from contillUTng aclivilies.
The statement of financial acbvitses indudes all gains and losses rec3Jgnised during the year.

Amiagh Thea￿ Company Limited
Summary Income and Expenditure Account
Year Ended 1" July 2024
2024
2023
Note
Income
Interest arKI irjvestrnent inojme
27.238
12
18,858
Gross inGome
27.250
18,860
Expenditu
Depreciation and impairment charges
15,510
8.035
1.177
Total expendi￿re
16.393
9.212
Not Income
10,857

Amiagh Theatre Company Limited
Balance Sheet
Year Ended 1" July 2024
2024
2023
Flxed assets
Tangible assets
75,244
76.126
75.244
76.126
Current assets
Prepayment
Cash at bank and in hand
1.097
57.453
1,050
46.201
Net current assots
58,550
Total assets
133.794
123,377
CreditOTS: amounts falling due withln one year
10
2,747
3,187
Net assets
131,047
120,190
Charity Funds
UnrestrÈcted funds
Restricted funds
12
12
120.190
10,857
102.690
17.500
Totsl charity funds
12
131.047
120.190
The directors are satisfied that the (x)mpany was entitled to eXeMp￿On from audit under section 477 of the
Companies Act 2006 and that Mem￿rg have not rèquired an audtt in accordano with sectton 476.
The dir￿r5 acknowledge their responsibilities for.
ensuring that the company keeps accy)unting T￿0¥￿ which comply with the Act" and
preparing accounts which gtve a true and fair view of the slate of affairs of the chartiable company
as at the end of the financAal year and of its profit or Ios5 for the financial year In accordan￿ with the
requirements of the ACL and which olherwise o)mply with the requirements of this Ad relating to
accounts, so far as applicable to the charitable company.
These accounts have been prepared In aG(x)F(Iar￿ wilh the provislons ap￿IGable to companles sub]ect to
the small companies regime.
The financial statements were apprO￿d and authorised for issue by the Board on 5th Marth 2024.
of truste
Signed on behaiT OT
Mr W T Hanna, Trustee
9th January 2025
The notes on Foges 8 to 13 fomi part of these finap.aal *atwnen
Company registration number. N133485

Arniagh Thoatro Company Limited
Notes to the Financial Staternents
Year Ended 1" July 2024
Summary of significant aGcountlng polici•s
(a) General Infom*tion and basts of preparatlon
Armagh Theatre Company Limited is a company limited by guarantee in Northern IrelarKI. 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 grven in the charity inf0M￿tion of
these finandal statements. The nature of the ¢hartVs operations andprincipal activities are to
advance the education of the general public by the prrxjuction of theatre and plays.
arity Cx)nstitU￿ a public benofft entity as defined by FRS 102. The flnancial ststemerrts
have b*n prepared in accordanp with Aca)unting and Reporting by Charities: Statement of
Recommended practi￿ applic8ble to charibes preparing their accounts in aC0)rdan￿ with the
Financtal Reporting Standard applicable ip. the UK and Republic of Ireland (FRS 102) (Charities
SORP (FRS 102)), the Companies Act 2006 and UK Generally Accepted Practice.
The charity dces not ndude a (xsh fk)w statement on the grounds that it is apptying FRS 102
Section 1
The financial staiements a￿ prepared on a going con￿rn basis under the historical aist
convention. mc*Jffied to indude certain items at fair value. The fin2npi31 ststements are
presenteil in sterflng whjch is the fvnctional currency of the tharity and rounded to the nearest £.
The signtficant aco)unting Fdictes applied in the preparation of these financial statements are
set out below. These polioes have b&n oinsistenty appfied to all year5 presented unless
(b) Funds
Unrestricted fijnds are available for use at the discretion of the trustees In fjJrtheran￿ of the
general objectives of the tharity and which have not been designatsd for other PUTPDses.
(c) Income recognition
All incoming reSoUr￿S are induded in the Statement of Financial Activities (SOFA) when the
charity is legally entrlled to the income after any perf0mlan￿ conditions have been met the
amoijnt on be measured rpliably. and it is probable that the In￿Me wll be received.
For donations to be recognised the charity wdl have been notified of the amounts and the
settlement date in writing. Ir there are condilions attached to the donation and this requires a
level of perf0rnan￿ before enttdement can be obtsined. then income is deferred until those
nditions are fvlty met or the fijlftlment ot thr￿e conditions is within th8 control of the charity and
it is probable that they will be fulfilled.
Donatèd facilities and dOna￿j professional services are recognised in in￿)Me at their fair value
when their economic benefft is probable, tt can be measur&1 reliably. and the charity has (x)ntrol
over the item. Fair value is detemiined 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 facilities and
ser¥ices. A corresponding amount is re￿gnised in e>penditure.
No amount is included in th8 financial statements for volunteer time in line wtt) the SORP (FRS
102).

Annagh Theatre Company Limited
Notss to the Financial Statements Year Ended 1 July 2024 contdl
The charity ￿￿[VeS grants in respect of fixed a&%els. Income from govemment and other grants
are remgnised at fair value when the chartty has entitlement after any perforrnan￿ i))nditions
have been mec it is probable that the in￿rne will be re￿ived. and the amunt can be measured
reltably. If entitlement is not mec then these amounts are deferred.
Investment inct)me is eamed through hokling assets for investment puryjjses. It indudes
iTrterest Interest income is reo)gnised using the effective interest method.
(d} Expendi￿re recoghtuon
All expendtture is a￿)unted for on an accruals basis and has been classified under headings
that 899regale all GE75ts related to the ￿tegr)ry. Expenorture is recognised where there is a legal
or constructNe obligation to make pa￿Trents to third parties. it is probable that the spttEement witi
be required. and the amount of the obligation Gan be measured reliabty. tt is categortsed under
the follt)wing headings-.
Exponditure on d)8ritabIe activities indudes prc*duGtion expenditure: ar
Other expenditure represents those items rh)t falliro into the categw above.
Irrecoverable VAT is charged as an expense against the activity forwhith ewenditure arose.
(e) Support Costs allocation
Support Costs are those that assist tr￿ worf( of the charity but do not rfweclly represent
tharitsble actrvities and indude office costs and premises ￿)Sts. They are incurred directly in
support of expaiditure on the objects of the chartty.
Fur￿{aiSing costs are Ihose incajrred in seeking voluntary contributions and do not indude the
costs of ¢f15semin8ttng informalion in support of th8 charitabte athibes.
The analysis of these costs 18 induded in note 6.
(fj Tangible r￿ed a&8ets
Tangible fixed assets are stated at ¢Jxt (or deemed cost7 or valuation less a(Kumulated
depreaation and accumulated impaiment Irtsses. Cost includes ￿)sts direcdy attributalle to
making the asset capable of operdting as intandad.
Depreciation is provided on all tangible fixed assets. at rates ￿li#JIated to ￿lte off the cost. 153S
estirnated residual value. of each asset on a systematic basis over Tts expected us8ful lrfe as
follows:
Fjxtures and f:ttirys
25% reducing bala￿
(g) Debtors and creditors receivable I payable wilhin one year
Debtors and credttors with no ststed interest rate and receivable or payable within one year are
r￿rded at transaction prtce. Any losses arising from impaiFment are recognised in exper.sditure.
{h) Impairmerrt
Assets not measured at fair value are reviewed for any indication that the asset may be impaired
at each balan￿ sheet date. If such indication e￿$ts. the re￿Verable amount of the asseL or
the asset's cash generating unit, is estimated and ￿)mPared to the carying amount IMJere the
carrying arnount exceeds its re0)Verab￿ amoun( an impaimerrt loss is recognised in profft or
k)ss iinle&s the 8sset is ￿rried at a revalued amount where thÈ impaimi@nt loss is a revaluation
decrease.

Armagh Th•atra Company Limited
Notes to the Financial Statements Year Ended 1" July 2024 contsv
(i) Tax
The tharity is an exempt charity within the meaning of schedul8 3 of the Charities Act 2011 and
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 CO￿OratiOn tax purposes.
l Golng concem
The financial statements have b￿n prepared on a going concem basis as the trustees befieve
that no matarial uncertainties exisL The trustees have considered level of fup.ds he.ld and the
expected levÈl of income and expenditure for 12 months from authorising these financial
statements. The budgeted income and expenditure is suffictent with level of resetves for the
charity to be able to continue as a going c%)nc£m.
(k) Judgements and key sources of estimation uncertainty
The trustees do not feel there any material judgements or key sow¢es of estimation uncertalnty
in these accounts.
Income from donations and legacles
2024
2023
Gifts
Other
2.805
2.805
All income was aknknble to unrestrid&J funds.
Income from charitable aclivlties
2024
2023
Income from productions
Members subscrtptions
Performance related grants
25.250
1.235
753
13.881
1,168
1.004
27.238
16,053
Income from tharitsble aclivities was attributable to unrestricbd funds.
Grant income was released from deferred in(a)me this Wds received for capital equipment
Income from investsnents
2024
2023
Interest. deposits
12
12
Income from inve*meitt was attributable to unrestricted funds.
10

Armagh Theatre Company Limited
Notes to the Financial Statements Year Ended 191 July 2024 contdl
Analysis of expenditure en charitable activitAes
ActNibes Undertak￿ direGty
Support ccsts
Total
Production actiwties
9.773
16.393
9.773
6,620
16.393
All of the above rnsts We￿ attributable to unrestricted funds.
Allocatton of support costs
Production
Support cost
Total
Depreciation
Office costs
Other
4.713
1,024
4.713
1.024
Total
6.620
6,620
Net income for the year
Net income rs ststed after charging l (credtbng):
2024
2023
Depreciation of tangible f￿1 assets
Capital grydnt release
883
{753)
1.177
(1.1]IN)
Trustees. and key management personnel remuneration and expenses
The trustees nerther re￿iVed nor waived any remuneration during the year (2023: £Nil).
The truslees dld not have any 8xpenses reimbursed durlng th8 year (2023- £Nll).
11

Amiagh Theatre Compony Limited
Notes to the Financial Statements Year Ended 1" Juty 2024 contdl
Tanglble fixed assets
Fixtures
and
ffttings
Land and
buildings
Totsl
Cost or valu*ion:
At 2ThJ July 2023
Additions
Disposals
Revaluation
At 1st July 2024
76,829
17,993
94.822
76.829
17.993
94.822
Depreciation:
At 2n0 Juty 2023
Charge for the year
Impairment
Revaluation
Eliminated on disFosals
At 1st July 2024
4,233
14.464
18,696
883
4.233
15,347
19.580
Net book value:
At 1st July 2024
72,596
At 1st July 2023
72.596
3,530
76,128
- The net book 4alue rf l&A
and buil4
ings Cwiprised".
2024
2023
Land and buildings:
72,596
72.596
72.596
72.596
Certain treehold land and t￿IklIngS included above were recg>gnised using a previous valuation
as a deemed cost on trdnsition to SORP (FRS 102
10 Creditors: amounts falllng due after more than one year
2024
2023
Accruals and deferred income
2,750
3.188
2.750
3.188
11 Deferred Income
Total
At 2nd July 2023
Additions during the ye8r
Amounts released to Income
3.010
3,010
(753)
(753)
At 1st July 2024
2,257
2.251
Income has been deferred on grants r￿1Ved for capital purchases.
12

Arniagh Theatre Company Umlted
Notes to the Financial staterne￿ Year Ended 1 Juty 2024 oontdl
12
Fund rAcDnelli2tlon
Unrestrscted funds
Balan
Batance at
1st July
2024
2r¥i July
2023
Income
Expenditure
Unrestricted
Revalualion
102.690
17.500
27,250
16.393
113,547
17.500
120.190
18.860
Fund descrlptlons
a) Unrestricted funds
Unrestrtcted funds are fvnds whith can be spent for any chaTitable purp)ses of the company.
13 Analysis of net assets between funds
Unrestrfcted
fvnds
Total
FIX&￿ assets
Cash and Current investments
Creditors more than one y&3r
75.244
75244
58.550
(2.74n
(2.74n
Total
131,047
131.047
14 Related party transaction5
There are no related paty tra[￿dIonS during the period (2023: £ nil).
13