COMPANY REGISTRATION NUMBER: N1605331 CHARITY REGISTRATION NUMBER: 102849 The Web Theatre Ltd Company Limited by Guarantee Unaudited Financial Statements 31 March 2023 CLAREMOUNT Charlered Accountants 43 Clarendon Street Derry BT48 7ER •JCJ92DFE• 2711212023 COMPANIES HOUSE JNI
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The Web Theatre Ltd Company Limited by Guaranlee Financial Statemenls Year ended 31 March 2023 Page Trustees, Annual Report (Incorporating the Direclorfs Report) Independent Examiner's Report to the Trustees Statement of Financial Activities (Including Income and Expendilure Accounl) Statement of Financial Posilion Notes lo the Financial Statements
The Web Theatre Ltd Company Limited by Guarantee Truslees. Annual Report (Incorporating Ihe Director's Report) Year ended 31 March 2023 The irustees, who are also the directors for the purposes of company law. present their report and the unaudiled financial stalements ol the charity for the year ended 31 March 2023. Relerence and Admlnlstratlve Delalls Registered charity name The Web Theatre Ltd Charlty reglstrallon number 102849 Company reglsiratlon number N1605331 Prlnclpal office and reg•stered 28 Slation Road olflce Bangor BT19 1HD North8rn Ireland The Trusiees Mrs C Foster Mr l Foster Independent Examlner Mr K Mccauley Claremount FM Llmited Chartered Accounianls 43 Clarendon Streei Derry 8T48 7ER Structure, Governance and Management The company is governed and managed by the board of direciors listed above. The registered office and details ol Other professional advisors are listed above The board ol directors carry oul their governance role Ihroughoul Ihe year by way of meetings on a bi-monlhly basis lo review the performance of Ihe company and lo make decisions regarding ihe company's financial and operational mallers. The direclors govern the aclivilies of the company in line with Ihe objectives sei out in the governing documenls of the chafity, namely Ihe Memorandum and Articles ol Association and the charity's consiitulion.
The Web Theatre Ltd Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (cèntlnu*d) Year ended 31 March 2023 Objectives and Activities The object for the year was to maintsin the position we had achieved with the Charity after emerging from Covid 19 lock-down. Our earlier decision to limit productions on the main stage to in-house projects with casts drawn from our drama classe5 for children and adults was continued. This has proved successful with class numbers increasing and a strong core of adults taking part in the evening classes. The decision to change the format of children's classes from t0 hours to one hour has proved to be a popular move. 11 has decreased the financial burden on parents and carers and has not in any way diminished the benefits of taking p8rt for the attendees. The WEB Theatre is still the only theatre facility in Newiownards providing a full complement of Auditorium, ancillary sludio space, dressing rooms and professional standard lighl and sound control systems. The Directors are confident that the earlier success of the Charity can be maintained and continued. Achlevements and Performance The end of social distancing was welcomed both by the Directors and the students. The new hour lon9 classes have proved extremely popular with carers and parenls as this has reduced the financial burden on parents and carers due to the reduction from two hours to one hour. Also, the reduction of terms from ten weeks to monthly has had the same effect. Thls in line with the aim of the Charity to make education through the medium of drama for children and adults more readily available to wider social group. All ihe courses are devised, written and delivered in-house by qualilied teachers and tailored.to the appropriale age group. Over the years we have received unsolicited comments and praise from parents and carers of our students regarding the positive effects our approach to education through the medium of drama has had on sludents, (Mrs A. "Thank you for giving me back my daughter") (Mrs H. "this is the only thing she has wanted to stay al") {Mrs B. 'Keep up the good work he loves it") In light of this and many similar expressions of support we have taken Ihe decision to concentrate on producing courses which are continuing to have a positive effect on the menial health and well-being of our studenls of all ages. Our adult group have met regularly at the theatre and have engaged in acting classes, play readings and productions on stage, Agaln as evident in the children's classes the involvement in educational drama has had a positive effect on the mental health and well being of those adults attending the classes. Financial Review The nel incoming resources for the year was £7,914 {2022 - £411) of which £7,915 relates lo unrestricted funds. The Irustees aim io have a reserve covering at least three months expenditure at any given time. Plans for Future Periods Despite the economic downturn and general rise in the cost of living the Trustees are confidenl that the WEB Theatre Ltd charity will coniinue to provide ihis unique facility for the benefit of the residents of the Ards and North Down Borough area. The inleniion will be to expand the classes on offer and promote the benefits of educational drama and the positive effects it has on mentsl health and well-being. The trustees would like to place on record our thanks and appwiation of all the work and assistance given by our volunteers.
The Web Theatre Ltd Company Limited by Guarantee Trustees. Annual Report (Incorporallng the DSrector's Report) {¢onelnued) Year ended 31 March 2023 Small Company Provlslons This resh)n has been prepared in accordance wilh the provisions appllcable io companles entilled to the small companies exemption. The trustees, annual report was approved on 21 Decembef 2023 and sgned on behall ol the board of Iwustees by: C F051er 2111212023 17:50:50 l H F05ter 21112J2023 17.'53:27 I&Fost Mrs C Foster Trusi80 Mr l Foster Truste•
The Web Theatre Ltd Company Limited by Guarantee Independent Examlner's Report to the Trustees of The Web Theatre Ltd Year ended 31 March 2023 I report io the trusiees on rny examination of the financial stalements of The Web Thealre Ltd {'the charity,) for Ihe year ended 31 March 2023. Responslbllltles and Basls ol Report As Ihe trustees of Ihe company (and also ils directois for Ihe purp)ses of company lawl you are responsible for the preparalion ol the linancial stalemenls in accordance with the requiremenis of Charities Act {Northern Ireland) 2008 {Ihe .2008 Act.) and the Companies Act 2006 {'Ihe 2006 Act,). You are satisfied Ihat the accounis ol Ihe company are noi required by charity or company law10 be auditèd and have chosen instead to have an independent examination. Having salislied myselt thal the accounts of the company are not required to be audited under Part 16 of Ihe 2006 Act and are eligible for independenl exarnination. I report in respect of my examination of the charily's financial siatemenis as carried oul under section 65 of the 2008 Aci. In carrying out my examinalion I have lollowed the general Oirections given by the Charity Commission for Northern Ireland under section 65{9){b> ol the 2008 Act. Independent Examlner's Statement I have ¢ornpleted my examination. I confirm that no matters have come to my attenlion in connection with my examinaiion giving me cause io believe that in any rnaterial respeci: accounting records were not kepi in respect of the chariiy as required by section 386 of the 2006 Aci; or Ihe financial statements do not accord with those records; or Ihe financial statemenis do not comply wllh the accounllng requirernenis of seciion 396 of Ihe 2rx16 Acl olher than any requirement that the a¢counls give a 'lrue and fairf view whl¢h is not a matter considered as part of an independenl examinalion; or the financial staiements have not been prepared in accordance wilh the methods and principles of the Slalement of Recommended Practice for accounling and reporting by charilies applicable lo charities preparlng their accounts In accordance wlth the Flnanclal Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102). I confirm that there are no other matters to vthich your attention should be drawn io enable a proper understanding of Ihe accounts to be reached. Mr K Mccauley Claremounl FM Llmlted Chartered Accounianis 43 Clarendon Slreet Derry BT48 7ER
The Web Theatre Ltd Company Llmited by Guarantee Siatement of Financial Activities (including income and expenditure account) Year ended 31 March 2023 2023 Unrestricted funds Toial tunds Toial funds 2022 Nole Income and endowmenls Donations and legacies Charitable aciivilies 6,944 12,391 6,944 12,391 19,335 8,809 Total Income 19.335 8,809 Expendiiure Expenditure on chariiable activities Toial expenditure 11,421 11,421 11,421 11,421 8,398 8,398 Net Incomel(expendilure) and net movemenl In funds 7,914 7,914 411 Reconclllatlon of tunds Toial lunds brought lorward Total lunds carrled torward (4.603) 3,311 (4,603) 3,311 (5.014> {4,603) The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive Irom contlnuing activities, The notes on pages 7 10 12 form part ¢1 Ihese flnan¢lal statements.
The Web Theatre Ltd Company Limited by Guarantee Slatement ol Financial Position 31 March 2023 2023 2022 Note Fixed Assets Tangible lixed assets 13 799 999 Current A8set8 Cash at bank and in hand 2,939 3,070 Credltors: amounts falllng due w6thln one year Nei Currenl Liabilities 14 427 8,672 2.512 5,602 Total Assets Less Currenl Llabllltles 3,311 3,311 (4,603} (4,603} Net Llabllltles Funds ol the Charlty Unrestricled lunds 3,311 3.311 (4,6031 14,603) Total charlly tunds 15 For the year ending 31 March 2023 Ihe charity was entllled to exempiion from audil under section 477 of the Companles A¢t 2006 relaiing to small ¢ompanles. Directors. responsibilities: The members have not required the company to obtain an audit of ils financlal siaiemenls lor Ihe year in quesiion in accordance wilh seciion 476; The directors acknowledge thelr responsibililles lor cornplying wilh Ihe requirements of the Acl wilh re5peci io accounting record5 and the preparation of financial statemenls. These financlal slatements have been prepared in accordance wilh the provisions applicable to companies subject to Ihe small companies, regime. These finanGlal slalements were approved by the board of Irustees and aulhorised for issue on 21 December 2023, and are signed on behalf of the board by: C Fogier 2111212023 17..50'.50 fost4Y l H Fosl•i 2111212023 17.'53'.27 11 fost•* Mrs C Foster Trustee Mr l Foster Trustee The noles on pages 7 10 12 form part ol these linancial slalemenls.
The Web Theatre Ltd Company Llmlted by Guarantee Notes to the Financial Statements Year ènded 31 Mareh 2023 General Informatlon The charity is a public benefit entlly and a privaie company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is 28 Station Road, 8angor, 8T19 1 HD, Northern Ireland. siaiement ol Compliance These linancial slalemenls have been prepared in compliance with FRS 102. 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Stalernent of Recommended Praclice applicable lo charities preparing their accounts in accordance with the Financial Reporting standard applicable in the UK and Republic ol Ireland IFRS 102) {Charilies SORP {FRS 102)) and the Companies Act 2006. Accountlng Pollcles Basls of Preparatlon The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain linancial assets and liabilities and investment properties measured ai lair value through income or expenditure. The finan¢lal siatemenls are prepared in sterllng, which is the functional currency ol the entity. Golng Concern There are no maierial uncertainties about the charity's ability to conlinue. Dlsclosure Exemptlons No cash flow slatemenl has been presented for the company as reduced disclosures applicable to small companles have been applied. Fund Accountlng Unreslricled funds are available lor use al Ihe discreiion of the trustees lo further any of the eharity's PLJrposes. Designaied funds are vnrestricied funds earmarked by Ihe trustees for particular future project or commitment. Restricied funds are subjected to restrictions on their expendiiure declared by Ihe donor or through Ihe terms of an appeal, and fall inio one of Iwo sub-classes.. reslricied income funds or endowment funds.
The Web Theatre Ltd Company Limiled by Guarantee Notes to the Financial Statemenls (conehued) Year ended 31 March 2023 Accountlng Pollcles (¢oniimi•d) In¢omlng Resources All incomirKJ resources are included in Ihe statement ol financial aclivities when entitlemenl has passed lo the charity; it is probable ihai the economic benefits associaled with Ihe Iransaclion will flow lo the chaiity and the amounl can be reliably measured. The following specific policies are applied to particular categories ol income.. income Iroffl donations or grants is recognised when there is evidence ol eniitlemeni to the gill. receipt is probable and its amount can be measured rellay. legacy income is recognised when receipt is probable and enlillemenl is established. Income from donated goods is measured at the fair value of the goods unless this is impraclical io measure reliably, in which case the value is derived frorn Ihe cosi to the donor or Ihe eslimaied resale value. Donated facililbes and services are recognised in Ihe accounts when received il the value Can be reliably measured. No amounts are included for the contribulion ol general volunieers. income from contracts for the supply of services is recognised wilh the delivery of the contracted service. This is classified as unresiricied funds unless there is a contractual requiremenl for It lo be spenl on a particular purpose and returned if unspent, in which case il may be regarded as restricted. Resources Expended Expenditure is recognised on an accruals basis as a liabilily is incurred. Expendilure includes any VAT which cannot be lully recovered, and Is classified under headings of the staiemeni of financial activilies10 which il rekies- expenditure on raising funds includes the costs ol all lundraising aciivilies, events, non-chariiable trading aeiivilies, and the sale of donaied goods. expenditure on charitable actlvilies includes all cosis incurred by a charity in undertaking activities thal furlher lis charilable aims for ihe benefit of lis beneficiaries, including those support cosis and costs relating to Ihe governance ol the charily apportioned lo charitable activities. other expenditure includes all expendilure that is neither related to raising fun(Js lor the charity nor part of ils expendilure on chariiable activit¢es. All cosis are allocated to expendiiure caiegorles refleciing the use ol the resource. Direct cosis attribulable io a single aclivily are allocated directly lo that activity. Shared costs are apportioned beeen Ihe activities Ihey contribute to on a reasonable, justiliable and consistenl basis. Tangible Assets All fixed assels are initially recorded ai cost.
The Web Theatre Ltd Company L5mlted by Guarantee Notes to the Flnanclal Stalements (¢onllnu•dJ Year ended 31 March 2023 Accountlng Pollcles (conllnuedj Depreclatlon Depreciaiion is calculated so as to write oll the cosl or valuation of an assei. less ils residual value. over the useful economic life of that asset as follows- Equipment 200/0 Straight line Impalrment ol FSxed Asseis A ieview for indicators of impairment is carried oui at each reporting date. with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amounl, the assel is impaired accordingly. Prior irnpairmenis are also reviewed for possible reversal al each reporting date. For the purposes ol impairrneni iesting, when It is not possible to estimate the recoverable amount ol an individual asset, an estimale is made of the recoverable amounl of the cash-generating unil to whlch the asset belongs. The cash-generaling unit is the srnallesi idenliliable group ol assets that includes the asset and generaies cash inflows that largely independent ol the cash inflows Irom other asseis or groups ol assets. For Impalrmeni iesiing of goodwill, the goodwill acquired in a business combination is, from the acquisition date. allocated to each of the cash-generaling unils Ihat are expected to benefit from the synergies ol the combinalion. irrespective ol whether other assets or liabilities of the charity are assigned lo those units. Flnanclal Insiruments A financial asset or a flnancial liability Is recognised only when the entity becomes a party IO the contractual provisions of the instrument. Basic financial instrurnents are initially recognised ai Ihe amount receivable or payable including any relaied transaction costs, unless the arrangement constitutes a linancing transaction, where it is recognised at the present value of Ihe lulure payments discounted at a market rale of interest lor a similar debt instrument. Curreni asseis and current liabilities are subsequently measured ai the cash or Other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Limlted by Guarantee The company is limited by guarantee and, therefore, there is no issued share capital.
The Web Theatre Ltd Company Limited by Guarantee Notes to the Financial Statements (¢ontlnuedJ Year ended 31 March 2023 Donalions and Legacies Restricted Total Funds Funds 2023 Resiricted Toial Funds Funds 2022 Donations Donaiions 6,944 6.944 Chariiable Aciivllles Urlreslricled Toial Funds Unrestricted Tolal Funds Funds 2023 Funds 2022 Ticket sales 12,391 12,391 8,809 8.809 Expendlture on Charllable Actlvltles by Fund Type Unrestricted Funds Reslricled Total Funds Funds 2023 Theatre produciion costs Support cosis 5,482 5,939 5,482 5,939 11,421 11,421 Unrestricted Funds Restricted Total Funds Funds 2022 Theatre produciion costs Support costs 3,576 4.822 3,576 4,822 8,398 8.398 10-
The Web Theatre Ltd Company Limited by Guarantee Notes to the Financial Statements (¢onilnued) Year ended 31 March 2023 Expenditure on Charitable Aetivities by Actlvliy Type Total funds 2023 Tolal funds 2022 Core Support costs Support osts Core Theatre production costs Light and heat Accountancy Telephone Oepreciation Repairs and maintenance Staiionery and advertising Insurance 5,482 5,482 2,275 3,576 3,576 1,348 2,275 1,348 360 303 200 131 140 2,530 360 303 200 131 140 2,530 360 343 250 450 112 1,959 360 343 250 450 1,959 5,482 5,939 11,421 3,576 4,822 8.398 Net Incomel(Expendlture> Net incomel{expenditure) is stated after charglrKJl(crediting): 2023 2022 Depreciation of langlble flxed assets 200 250 10. Independent Examlnallon Fees 2023 2022 Fees payable to the independeni examiner for: Independeni exarninaiion of the linancial statements 360 360 11. Staff Costs The total staff costs and employee benefits for the ieporting period are analysed as follows., 2023 2022 The average head couni of employees during the year was 2 (2022.. 2). No employee received employee benefils of more Ihan £60,000 during the year (2022: Nil). 11
The Web Theatre Ltd Company Limiled by Guarantee Notes lo the Flnancial Statemenls l¢ontlmmdl Year ended 31 March 2023 12. Twstee Remuneratlon and Expen983 No remuneration or olher beneflls Irom employment with Ihe charity or a related entity were received by Ihe trustees. 13. Tangible Fixed Assets Equipmenl Total Cosi At 1 Aprll 2022 and 31 March 2023 Depreclatlon Al 1 April 2022 Charge for the year At 31 March 2023 4,950 4,950 3,9S1 200 3,951 200 4,151 4,151 Carrying amount At 31 March 2023 799 799 Al 31 March 2022 799 999 14. Credilors: amounis lalling due wilhin one year 2023 2022 Accruals and deferred income Other creditors Bank loans and overdralts 250 250 8,422 177 427 8,672 15. An8lysls of Charitable Funds Unreslrlcted lunds At 1 Aprll 2022 Al Income Expenditure 31 March 2023 Unrestricted funds (4,603} 19,335 11,421 3,311 At 1 April 2021 At Incorne Expenditure 31 March 2022 Unre$trlcled funds (5,014) 8.809 (8,3981 {4,603) 12-