Registered number: N1044664 The Grove Theatre Group Limited Unaudited flnancial 8tatem8nts For the year endod 30 June 2024
The Grov• Th•atr6 Group Limrted Page 1 Contsnts Page Company Informatlon Dlr•ctorg' roPQrt Accountants Report Stalgment of comprehenslv• income statement of financlal posltlon Nots• to tho financlal stat•m•nts 8- 11
The Grove Thoatre Group Llmited Pagg 2 Company Infonnation Dlrectors Mr R Canning Mr M Mullan Mr P Doherty Company secratsry Mr R Canning Regl8teMd nUMr N1044664 Roglsternd office S Wllow Tree Lane Culmore Road Derry 8T48 8TJ Charity Number NIC103710 Bu81nes8 addro88 Millennlum Forum 6 Newmarket Street Derry 8T48 6EB Independent Examlner4 McGroarty Mccafferty & Company Ltd Accountants and Tax Con8ultants 2 Carllsle Terrace Derry BT48 6JX Bankorn AIB {NI) Meadowbank strand Road Derry 8T48 7TN 8ollcltorn Mccartney Casey 34 Castle Gate Derry BT48 6HG
Tho Grove Theatre Group Llmlted Page Trustees, Annual Report (Incorporating the Director's Report) The trustees, who are also the directors present their report and thè urudited financial statements of the charty for the year ended 30 June 2024. Dlrnctors The directors (and trustees) who served during the year were: Mr R P Canning Mr P Doherty Mr M Mullan Structure, Governance and Management The company18 governed and managed by the board of directors listed above. The registered office and details of other professlonal advisors are listed above. The board Of direclors carry out their governance role throughout the year by way of pérlodlc meetings to revlaw the performance of the company and to make decisions regarding the company's financlal and operational matters. The directors govern the activities of the company In line with the objectives sel out In the governing documents of the charty, namely the Memorandum and ArtScle$ Of Association and the charty's wn8titution. ObJ•cllves and Activltl•8 The prlnclpal actlvlty of the company during the year was to promte the development of interested persons of all ages, gender, ra¢e and religious bellefs In the disciplines of the performing arts, stage management design and production planning and by its work. to ¢ale and develop cross-communily involvement so as to encourage and nurture understanding, tolerance, respect and friendship. Thi8 18 achieved by providing:" Weakly rehearsals and workshop9 Street theatre activities Production of musicals. plays and pantomimes In local venues During the past year the group performed a pantomime, and a musical. There are also no yekIY drama classes other than rehearsals for productions. This will be kept under revi8w for the ft)reseeable future. Achlév•m•nts and P•rformanc• The directors are satisfied vAth the performance of the company durlng the year, in ierms of both financlal and operational results. They are also satisfied that the charty's key objective8 remain the focus of the board Flnanclal Revlew The net in¢oming resources for the year was £8.056. This has been added to the unrestricted reserrfes brought foThvard. The truslees aim to have a reserve of at least three months operating expenditure at any given time. Plan8 for Futur• Porlo There are no significant changes planned the forthcoming ffinancial year other than those referRd to above. The directors will continue to govem the company in line with the constitution in order to achieve the company's objeckn'ves. The company is planning to produce another muslcal in addition to its annual pantomime during the year ahead.
The Grovo Theatr• Group Limlted Page 4 Trustees, Annual Report (Incorporatlng the Director's Report) - continued Small companles. provlslon This report has been prepared in accordance wilh the provisions applicable to companies entitled to the small companies exemption. The trustees. annual report was approved by the board on 27th May 2025 and signed on its behalf by'.- Mr R Cannlng Director Mr M Mullan Director Date: 27th May 2025 Date: 271h May 2025
The Grove Theatre Group LSmlted Page 5 Independent Examlner's Report to the Trustse8 of Tho Grove Theatre Group Llmltsd For th• yoar endod 30 Juno 2024 We report on the financial statements for the year ended 301h June 2024, which comprise the statement of financial actlvities, statement of financial position an(J the related notes. Respoctlvo Responslblliti•$ of Trust••s and Examlner The ¢harty'$ twstees {who are also the directors of the company for Ihe purposes of company law) are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied ourselves that the charity is n¢t subject to audit under company law, and is eligible for irKJependent examination, it is our responsibility to: Examine the accounts under se¢tion 85 of the Charities Act., To follow the procedures kid down in the general Directions given by the Charity Commi88ion for Northem Ireland under section 65(9)(b) of the Charities Act" and To state whether partlcular matters have come to our attention. 8asl$ of Indopondent Examlnevs Report We have examlned your charity a¢¢ounts as required under sectlon 65 of the Charitle8 Act and our examinatlon wa8 carried out in accordance wlth the general Directions given by the Charity Commlsslon for Northern Ireland under section 65(9)(b) of the Chaiities A¢t. The examinalion included a review of the accounting records kept by the charity and a comparison of the accounts presented with thosè records. It also included consideralion of any unusual items of disclosu3 in the accounts and seeklng explanations from the trustees concerning any such matten8. Our role 18 to state whether any materlal matters have come to our attentlon glvlng u8 cause to believa: 1. That accounting records vRre not kept in accordance with sectlon 386 of the Compan1•$ Act 2006 2. That the accounts do not a¢¢ord wth those a¢counting records 3. That the accounts do not comply with the accounting requlr8ments of seotion 396 of the Companies Act 2006 and with the methods and principals of the Charities Statement of Re¢ommended Practice applicable to charities preparing their accounts in accordance wlth the Flnanclal Reportlng Standard applicable in the UK and Republic of Ireland 4. That there is frjrther Infomiation needed for a proper under81andlng af the accounts to be reachèd Indep•ndont Examin•rf• Stat•m•nt We have Completed our examination and have no con¢ems in respect of the matters (1) lo (4) listed above and, In connection with the following the Directions of the Charity Commission for Northern Ireland, we have found no matters that require drawing to your attention. Ikd For and on be of.. McGroarty Mccaffety & Company Lld Accountants and Tax Consultants 2 Carlisle Terrace Derry BT48 6JX Date:
The Grove Theatre Group Llmitad Page 6 statement of Financial Activities (including income and expenditure account) For th8 year ended 30 June 2024 2024 2023 Income•charitable activits'es 61,075 99.532 Expenditure on charitable activitl8S 019 Not Incom•l{oxp•ndlture) and net movement in funds 8.066 5,052 Rèconclllatlon of funds Total funds brought forward Total fund8 ¢arrlod foThYard 20 892 Tha statement of financial activities indudes all galns and losse$ re¢ognis¢d in the year. All income and expenditure derive from Continuing activities. All Incomin9 and Outgoing resources are non-restricted. Tho n¢tes ¢n page8 8 to 12 form part of these financial statemen18.
Tho Grove Theatrn Group Llmltod Page 7 Staternent of Financlal Posltlon As at30 June 2024 2024 2023 Note Flxed A88ets 626 1,250 Current A880ts Stocks Debtors 26,547 750 Cash at bank and In hand 22,781 25,824 48,328 28,574 Crediiors.. amounts falling due within one year 120.005) (6,932) N•t Curr•nt A8$•ts 28,323 19,642 Total A$8•ts Le•• Current Uabllltl 28,948 20,892 N•t A$8•t• Funds of th• Charfty Unrestricted funds 28,948 20,892 Total Charlty Funds For the year ending 30 June 2024 the charity was entltled to examption from audit under section 477 of Ihe Companies Act 2006 relating to small companies. Trustees, responslblllties.. The members have not required the charity to obtain an audit of its financial statements for the year In question In accordance wilh section 476., The trustees acknowledge their responsibilities for complying with the requirements of th& Act with respect io accounting records and the preparation of financial statement8. These financial statements have been prepared in accordance with the provisions applicable to ¢ompanies subject to the small companies, regime. These financial statements were approved by the board of trustees and authorised for Issue on 27th May 2025 and are signed ¢n behalf of the board ty: r R Canning Director Mr M Mullan Director Date.. 271h May 2025
The Grove Theatre Group Limited Pagog The notes on pages 8 to 12 form part of these financial statemenis. General Infomiatlon The principal activity of the company is an amateur theatre group. The company is a ¢ompany limited by guarantee and is incorporated in the Northern Ireland. The address of its registered office is S Wllow Tree Lane. Culmore R¢ad, Derry, BT48 8TJ. Statement of compllance These financial statements have been prepared in ¢ompliance with United Kingdom Accountlng Standards, including Financial Reporting Stsndard 102, "The Financial Reporting Standard appllcable in the United Klngdom and the Republi¢ ¢f Ireland" {"FRS 102 ), the Stalement of Recommended Practice applicable to charities preparing their accounts in accordance with the Flnancial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS102. Charities SORP (FRS102) and the Charities Act (Northern Ireland) 2008. Accountlng pollc1•8 3.1 Basls of preparation of finan¢lal $tat•m•nt8 The ffinancial statements have been prepared on the historlcal cost bas1$, as modified by the revaluation of certain financlal assets and Ilabllitles and investment propertles measured at fair value through incom8 or expenditure. The financlal stalèments arè pr•paréd in stèrling, which 1$ the functional currency of the entity. 3.2 Golng concern There are no material uncertalntles about the charlty's abilty to continue. 3.4 Rev•nu• Revenue Is recognised to the extent that It Is probable that the economic benefits will flow to the company and the wvenue can be reliably measured. Revenue is measured as the fair value of the conslderation recelved or receivable, excludlng dlscounts, rebates, value added tax and other sales taxés. Revenue 1$ derived mainly from ti¢kot sales and class fees. All revenue 18 fr¢m non- restricted sources. 3.5 Stocks Stocks are stated at the lower of cosl and net realisable value. Cost comprises materials and other direct producti¢n ¢o$t$ together with a proportion of direct overheads relevant to the stage of completion of work and progress and finished goods. 3.6 Dabtorn Short term debtors are measured at transaction price. less any impairmenl. Loans receivable are measured initially at fair value, net of transaction costs, and aro measured subsequently at am¢rti$ed cost using the effective interest method. less any impairment. 3.7 Cash and cash oqulvalents Cash is represente(I by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more Ihan three months from the date of acquisitlon and that are readlly convertlble to known amounts of cash with insignificant risk of change in value.
The Grove Theatre Group Limitèd Pag 3.8 Financial InstnAment8 The company only enters into basic financial instruments transactions that result in the re¢ognition of financial assets and liabilities like trade and other accounts receivable 8nd payable. loans from banks and other third parts'es. loans to related parties and investmenls in n¢n-puttable ordinary shares. Debt instruments (other than those wholty repayable or re¢eivable within one yearl. includlng loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequenlly at amortised cost uslng the effeclive interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables. are measured, initially and subsequently. at the undiscounled amount of the cash or other conslderatlon, expected to be paid or received, However if the arrangements of a Short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond rmIal business terms or financed at rate of interest that is not a market rate In case of an out-right short-tem108n not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash llow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost Financial as8els that are measured at cost and amortised cost are assessed at the end of each reportlng perlod for objective evidence of impaimient. If objective evldence of impaimient is fourKI. an Impaimient10ss Is recognised in the stat8ment of Income and retained earnings. For financial assets measured at amortised cost, the impaimient loss is measured as the difference between an assefs carrylng amount and the present value of estimated cash flows discounted at the asset's orlglnal effective interest rate. If a financial asset has a variable interest rate, the discount rate for measurlng any Impairment loss is the ¢urrent effective interest rate determined under the conlract. For financial assets measured at cost le88 impairment, the impairment loss Is measured as the difference between an asset's carrying amount and best estimate. whioh is an approximation of the amount that the company would receive for the asset if il were to be sold at the balance sheet date. Financial a88et8 and liabilities are offset and the net amount r•portad In tha bolan¢e $heei when there is an enforceable right to set off the recognised amounts and there 18 an intention to Settle on a net basis or to reallsè Ihe asset and settle the liability simultaneously, 3.9 Cradltors Short lerm creditors are measured at the transaction price. Other financlal liabilltle$, including bank loans, are measured initi'ally at fair value, net of transaction costs, and are measured subsequently ai amortised cost using the effective interest method.
Th8 Grovo Thoatrn Group Llmlted Page ID Notes to tho financial 8tatements For the year endod 30 Juno 2024 Employoes There are no employees in Ihe charity. Stock8 2024 2023 Work In progress Dobtorn 2024 2023 Other debtors Cash and ¢a$h oqulval•nts 2024 2023 Cash at bank arKI in hand Cr•dltor8: Amounts falllng duo wlthln on• year 2024 2023 Trade creditors 20.005 6,932 Movom?nt in Funds 2024 2023 Unreslrict•d Funds
The Grove Theatre Group Llmltad Page 11 Notss to tho financial statemonts For the yoar •nded 30 June 2024 10. Related party tran8actlons There were no related paty transactions in the period under review. 11. Llmit•d by Guarants• The company is limited by guarantee and, therefore, there is no issued share capltal. 12. Tran8111on to FRS102 These ar8 ihe first financial statements that comply with FRS 102. The charity transitioned to FRS 102 on 1 July 2015. No tran8ltional adjustments yre required In the retained funds or income or expenditure for the year. 13. Tru8ts08' rnnum•ratlon The trustees were not renumerated for their servtces during the year (2023 - Nil). Two trustees were reimbursed £4.000 in respect of mileage and subsistence payments incurred during the year {2023- Nil).
The Grov• Thtro Group Llmlted Page 11 Note8 to the flnanclal statements For the year ended 30 June 2024 ApndiX 1 Income from charltable activiti Box Office 56,991 4,084 96,156 3,376 Other income Total 61,075 ExndIture on charltable actlvltle8 Venue hire costs Other production costs Sound and Ilghting Set hlre, transport and storage Costume hire Performance rights Music and choreography Printing and adv8rtising Insuran¢e Bank fees Depreciation 024 24,230 9,507 5,072 4,040 4,579 17,309 12,080 6.29S 12,060 4.100 26,140 8,260 7,068 428 115 1,420 2,889 447 208 625 625 Total 53,019 94,480