The Web Theatre Ltd Company Llmlted by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Year ended 31 March 2023 The trustees, who are also the dlreciors for the purposes of company law. present their report and the unaudiled financial statements of the charity for the year ended 31 March 2023. Relerence and Admlnlsir8tlve Detalls Reglstered charity name The Web Theatre Ltd Charlty reglslratlon number 102849 Company reglSlratlon number N1605331 Prlnclp81 oflice and iegistered 28 station Road offlc• Bangor BT19 1HD Northern Ireland The Trusteès Mrs C Foster Mi l Foster Independonl Examlner Mr K Mccauley Claremounl FM LSmlted Chartered Accounianls 43 Clarendon Streei Derry BT48 7ER Structure, Governance and Managemenl The company is governed and managed by the board of directors lisled above, The regisiered off ice and details ol other professional advisors are listed above The board ol directors carry oul their governance role Ihrou9hout the year by way ol meeiings on a bi-monthly basis to review the perlormance ol Ihe company and to make declsions regardlng the company's linancial and operational matters. The direciors govern Ihe activilies of the company in line wilh the objeclives sel oul in the governing documents of the charity, namely Ihe Memorandum and Articles ol Associaiion and the charily's eonstitution.
The Web Theatre Ltd Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) {contlnuedJ Year ended 31 March 2023 ObJectlve8 and Actlvltles The object for the year was to maintain the position we had achieved with the Charity after emerging frorn Covid 19 lock-down. Our earlier decision to limit productions on the main stage to in-house projecls with casts drawn from our drarna 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 fvio hours to one hour has proved to be a popular move. It has decreased the financial burden on parents and carers and has not in any way diminished the benefits of taking part for the attendees. The WE8 Theatre is still the only theatre facility in Newiownards providing a full complernent of Auditorium, ancillary studio space, dressing rooms and professional 51andaid lighl and sound control systems, The Directors are confident that the earlier success of the Charity can be maintained and continued. Achievements and Perfomiance The end of social dlstancing was welcorned both by the Oirectors and the students. The new hour lon9 classes have proved extremely popular with carers and parents as this has reduced the financial burden on parents and carers due to the reduction from two hours lo one hour. Also, the ieduclion of ierrns from ten weeks to monthly has had Ihe same effect. This in line wilh the aim of the Charity to make education through the medium of drama for children and adults more readily available to a wider social group. All the courses are devised, written and delivered in-house by qualified leachers and tailored.to the appropriate age group. Over the years we have received unsolicited commenis 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 daughlerf) (Mrs H. "this is the only thing she has wanted to stay at"> {Mrs B. "Keep up the good work he loves it") In light of this and many similar expressions of support we have taken the decision to concentraie on producing courses which are continuing to have a positive effect on the mental health and well-being of our students of all ages. Our adult group have met fegu18rly ai 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 net Incoming resources for the year was £7.914 {2022 - £411) of which £7,915 relates to unrestricted funds. The trustees aim to have a reserve covering al least Ihree 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 confident that the WEB Theatre Ltd charity will continue to provide this unique facility for the benefit of the residents of the Ards and North Down Borough area. The inlention will be to expand the classes on offer and promote the benefils of educational drama and the positive effects it has on mental health and well-being. The trustees would like lo place on record our thanks and appreciation of all the work and assistance given by our volunteers.
The Web Theatre Ltd Company Limited by Guaranlee Trustees. Annual Report (Incorporallng the. Dlrector's Report) (¢onllnu•d) Year ended 31 March 2023 Small Company Provl8lon$ This repy)rt has been prepared in accordance wilh the provisions applicable to companles enlitled lo Ihe small companies exempiion. The Iruslees, annual reporl was approved on 21 December 2023 and sned on behall ol the board of Iwuslees by: C Fostef 2111212023 17'.50:50 l H F¢xl•r 21112J2023 17.'53:27 Mrs C Foster Twstee Mr l Fosier Trustee