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
#16

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 t￿0 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 rella￿y.
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
be￿een 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-