Registered number: N1044664 The Grove Theatre Group Limited Unaudited financial statements For the year ended 30 June 2025 The Grove Theatre Group Limiied Page 1 Conten1$ Page Company infornlation Directors. report Accountants Report Staternent of compTehensive income Statement of financial position Notes to Iho flnancial ststemgnts 8-12 The Grove Theatre Group Limited Pago 2 Company Infornialton Directors Mr R Canning Mr M Mullan MrP Dohe Cornpany secretary Mr R Canning Registered number N1044664 Registered office 5 Wllow Tree Lane Culmore Road De¥ry BT48 8TJ Charity Number NIC103710 Buslness address Millennium Forum 6 Newmarket Sxreet Derry 8T48 6EB Independent Examiners McG¥oarty Mccaiferty & Company Lld Accounlants and Tax Consullanls 2 Carfisle Tefface Defry BT48 WX Bankers AIB {NI) Meadowb8nk Stra￿1 Roal Derry BT48 TfN Solicitors Mccartney Casey >4 Castle Gale De BT48 6HG The Grove Theatre Group Limited Pago 3 Trustees, Annual Report (Incorporating the Directof s Report) The Irustees. who are abo the directors presenltheir report and the unaudited financlal slalemonis of the chafily for the year ended 30 June 2025. Directors The directors (and tNslees) who seTred during the yearwere". Mr R P CanniFtg Mr P Doherty Mr M Mullan st￿cture. Governance and Management The company 15 govemed and managed ty the boaftl of directors listed above. The ￿gIstered office and dèlails of other professional advisors are listed above. The board of directors carry oui Iheir govefflance role throughout ihe year by way of periodic meetings to review the perfomiance of the company and 10 make decisions regarrling the company's llnancial and operational mallejs. The dire(Xors govem the acEivities of the company in fine wfÉh the objectives set out in the governing documenls of the chariiy. nafflety the Memorandum and Artides of Association artd Ihe charitys constrtulion. Objectives and Activities The prinapal activity ofthe company Ouring the year was lo promote Ihe development of Inte￿sted pe￿OnS of all ages. gertder. race and relKJious belrets in the Oisoptines of the perfO￿ing arts. *age manaoement design and producilon planning and by its work. lo create and develop cross-communfiy involvement 50 as to encourage and nurture und8rslanding. loleranrA. respect and fvieThtship. This is achieved by provKling:" Weekly prc*Juction rehea￿aL$ Street thealre activitie5 Production of mu5ic3ls. plays and panlominTr5 in local venues During Ihe past year the group perfomied a pantorniffle. and (wo Musi￿]s. One ofthe musicals was performed in Letterkenny. Co. Donegal. This was the first ts.me the group staged a wduclion in the Republic of Ireland. The group has restrK*ed activrties to p)st-primary ages uwards for ifs PftKluUiotLs forthe foreseeable future. There are also no weekly drama ¢lasses other Ihan rehearsals fvr wdudions. This will be k8pI under review. Achlevements and Perfomiance The direciors are salhsfied with the performance of the company during the year, in tern￿ of both financial and operatiori81 resurts. They are dso satisf*d thal Ihe chard￿5 key oliectwes remain the locus of the boaf Financlal Revlew Thè net incomiThJ resources forthe year was £6.079. This has been added to the unreslricled re5erve5 broLFght fO￿ard. The trustees aim to have a reserve of at least Ihtee months operating expenditure al any given time. During the peri(&5, eleclronic banking and card payment faolities were inlr(•Juced lo help slreamline operaliDns. The weekty member contsibution rate was aLso reviewed. Plans for Future Periods There are no signif￿ant changes planned for the forthcomlng financial year other than those refert to above. The directors will continue to govem Ihe cofflpany in line wilh the ¢onstitulion in Oftler lo achieve the companys objectiv&s. The company is planning to produce another musical in addition to it5 annual pantomime during the year ahead. The Grove Theatre Group Limited Page Trustees, Annual Report (Incorporating the Directorfs Report) - continued Srnall companies. provlslon This report has been Prepa￿d in accordance with the wovisions ap￿[cable to companies enlitled to Ihe small Gompanies exemptton. The trustees, annual report Was approved by Ihe b)ard on 13 May 2026 aTrJ signed on its tehalf by.'_ Mr R Canning Director MT P Doherty Difector Date: 13th May 2026 Date: 13th May 2026 The Grove Theatre Group Limiled Page S Independent Examinerfs Report to the Trustees of The Grove Theatre Group Limited For the yearended 30 2025 We report on the financtal slalemenis forthe year ended 30 June 2025. whickn comprise the statement of fin3ncial activitie5, slatement of financial ￿>s[tIOn and the ielated note5. Respective Responsibilities of Trustees and Examiner The charfty s Iruslees (who are also the di￿rA0￿ ofthe company forthe pury)oses ofcompany law) are responsible for the preparation of Ihe accounts in accordance with the requirements oflhe CotF)panies Afl 20C6. Having satisfied ourselves that the chartiy is not subjed to audr( under company law. and is eligible for independent examination, it is our responsibilily lo- Examine the accounts under section 65 of the Charlie5 ACL To follow the procedures la¥1 down in the general Diieclions given by the Charriy Commtssron for Northem Ireland urvjer secbon 65{9)(b) of the CharitiesAct". and To slate whether partiujlar mallers have come lo our attention. Basis of Independent EXamine￿S Report We have examined your charity accounts as requrred undersectlon 85 of the Chaffties Act and our examination was carried out in accordance wiÉh Ihe general Directions gNen by the ChafTty Commission for Northem Ifeland under section 65(9)(b) of the Charities Ad. The examuiation included a rewew of Ihe accounting rectsnjs kept by the charily and a comparison of Ihe aC￿Unts presented with those records. 11 also Included constderalion of arby unusual items of dbsdosuTes in the accounts and seeking explanations Irom the Injstees conceming any such mallets. Our role is to stale whether any material matte15 have come to our attention givin9 us cause to believe.. 1. That accounting recorfs were not kept in accordance wilh section 386 of the Companies Acl 20D6 2. That the aeLounts do not accord wilh those acLounllng records 3. That the accounts (Jo not wmply with the acLountiwJ [￿Ul[eMenfS ofsecaton 396 of the Companies Act 2006 and with the methods and prin￿paL5 ofthe Charilies Statement of Recommended Practice appliCa￿e to charl1￿ k¥eparing Iheir accounts in accordance wilh the Finanual Reporting SlandaRS applicable in the UK and Republic ol IrelarKJ 4. That there s further inf0M￿lI0n needed for a proper undeTrlanding of Ihe accounts to be reache(I Indèpendent Examine¢s Statement We have completed our examinaiion and ha¥e no concem5 in resped of the maller5 (1) to {4) listed above and. in connectton with the followiTry Ihe Directions of Ihe Clwity Commission for Northem Ireland. we have found no matters that require drawing lo your ailention. Lkd For and OfF beha McGroarty MCC ety & Company Accountants arxl Tax Consumants 2 Cadisle Terrace Derry BT48 6JX Date= 20 The Grove Theatre Group Limited Page 6 Statement of Financial Activities (inclu(fing income and expenditure account) For the year ended 30 June 2025 2025 2024 Income and net movement in fvnds 6,Of9 8.056 ReGonciliation of fund5 Total funds brought fv5ward 20.892 Total funds carried forward 36.027 28,948 The statemenl of tlnancial actlwties indudes all galns aThJ losses recognised in the year. All income and expend￿Ure delive from continuing activiiies. All incoming and outgoing resources are noTrrestiicted. The notes on pages 8 10 12 form part ofthese fift8￿81 statemen The Grove Theatre Group Limited Page Statement of Financial Position As at 30 June 2025 2025 2024 hknte Fixèd As$ots 625 Current Asseis Stocks Debtors 72,961 25.547 Cash at bank and in hand 12.652 22.781 85,613 48.328 Creditors: amounls falling due within one year 160.5861 (20.OOS) Net Current Assets 35,027 28.323 Total Assets Less Currenl LlabS1ities 35.027 28.948 Net Assets Funds of the Charity Unreslricied fvnds 35.027 28,948 Total ChaTity Funds For the year enrjing 30 June 2025 the chanty was to exemplKin from audit under section 477 of the Companles Acl 20D6 relaling to sm811 companies. Trustees. respOns5￿1￿1es. The members have not required Ihe charity io obiaift an audit of financial statements forlhe year in question in accordance with secllon 476" The iru*ees acknowledge their responsli )ifrties for Comptying wsih Ihe requirements of the Aci wilh respect lo accounling records and the preparaiion of financial slalements. These financial slaternents have been prepared in acconlance with the provisiDns applicable fo companies subject to the srnall companies. regime. These ffnanclal stalements were apKKoN*d ty the boaNJ ollwstees and a￿n￿lSe￿ for issue on 13 May 2026 and are SKJned on behalf of the tK)ard by: Mr R Canning Director Mr P Doherty D1￿clor Dale: 131h May 2026 Date: 13th May 2025 The Grove Theatre Group Limited Pagg The notes on pages 8 10 12 fomi pafl ofthese financial statements. General infoimation The principal aclhmty of Ihe company 15 an amateurth&qlfe group. The company is a company limiled by guarantee and is incorporaled in Ihe Northem Ireland. The addre55 of ils registered office is 5 Willow Tree Lane. CuSmore Road, Derry. BT48 8TJ. Statement of compliance These financial *atements have been prEpaFed in contyhqnce wilh United Kingdom Accounllng Standards. including Financial Reporting Standard 102, "The Finanual Reporting Slandafd applicable in the United Kingdom and the Republic of I￿]and. fFRS 102.). the Statement of RecomMe[￿ed Practice applicable lo charities Fyeparing their accounts in acCO￿ance wr(h the Financial Reporttng Standard applicable in the UK and Republic of Ireland (FRS102. Charrties SORP (FRS102) and the Charrties Act (Northem Ireland) 2008. A¢countlng policies 3.1 Basls of preparation of financial slatements The financ4al slalements have been prepared on the histori¢al cosi basis. as modified by the Wdluation of certain financial assels ar￿ liabilbties and investfflent properties measured at fairvalue through income or expendrture. The financial *aten*nts a￿ prepared in sterliThJ. which ts the functional cur￿nCY of the entty. 3.2 Golng con¢•m There are no material uncertall)ties about the chariiy's ability to conlinue. 3.4 Revenue Revenue recognised to the extent that il is probable that the economic benefiis will flow to the ¢ompany and the revenue can be feliabty measured. ReNenue 15 measured as the falr value of the consideration reGeived or receNable. exduding discounl5. reb81es, walue added tax and other sales taxes. Revenue is derived maKIty fr(Kn tickei sales and dass fees. All revenue is from non re5tricied sources. 3S Stocks stocks are slale(J at the lower of cost and net reali5able walue. Cost ￿mp￿se$ materf8Ls an(1 olh8r irect production cosls togelher with a proportion Df direci overheads ￿levant to the stage of completion of work and prcwJress aTrJ finished g(￿*￿s. 3.6 Debtors Short tenn debtor5 are mèasured al transa(#￿ p￿￿. less any impaimient. Loans receNable are measured initially al fair value. nel of transaction costs. and are measured subsequently at amorlksed st using the effeclive iniet&st meth(Jd. less any impaimienL 3.7 Cash and cash equivalents Cash is represemed by cash in hand and dewsilswilh financial instilulions ￿payable without penalty on noti￿ of not more than 24 hours. Cash equivalents are hKJhly Ih]utd inveslments that mature in no more than three months from the date of acqui5ilK)n an¢J th* are readlty convertii)le lo known amoun15 of cash with insunificanl rsk of change in Wdlue. The Grove Theatw Group Llmited Page 9 3.8 Financial instrurnents The company only enters into basic financial inslruments Iransaction5 Ihal result in the recogniiion of financial assets and liabilibes like trade arKt other accounts receiwabte and payable. k>ans from banks a￿1 otherthird parties. loans to related parties and investments in non-puttable ordinary shares. Debt Instnjments (other than those wholty ￿paYable or receivable wrthin one year). Includlng loans and other accounts receivable and payable. are initially measured at p￿sent value of the future cash flows and subsequently at amortised cost using the effeciive interest method. Oebt in5trument5 that are payable or receivable wlhin one year. lypically trade payables or re￿1vableS. are measured, initially and subsequently, al the undi5counled amaunl of the cash or olher consideration, expected lo be paid or received. However bf Ihe arrangements of a short4emi inslrumerrt constitute 8 financing Iransaclion, like the payment of a trade debt deferred beyond nomal business tem￿ or financed al a rale of interest Ihat is not a m8rkel rale or in case of an oul-ffjhl short-tem loan not ai market rale. the financial asset or liability measured. initially. at the present value of the fulurè eash flow dis¢ounled at 8 market rale of Interest for a slmilar debt inslrument and subsequenlty at amortised cost Financial assets Ihal are measured at cost and amortised cosl are a5se55ed at the end of each repDrting period for objective e￿ence of impainnenl. If objeciive evKlence of impairn￿nt is found, an impaimRnl loss is ￿cogn￿ed in Ihe StateTh￿nt of income and retsined eamings. For financral assets measured at an￿rtised cost. the impairment k>￿ is measured as the difference between an asset￿ carrying amounl and the present Value of estimated cash flows d15COUnted al the asset's or¥Jinal effecLNe interest rate. If a finanual asset has a variable inleTest rate, the discount rate for measurino any impainnent loss isthe current effecti￿ intere5l rale determined urKlerlhe conlraci. For financial assets measured al cost less impairrnent. the impaim*nt Ioss is measured as the difference between an asset* carrying ar￿Ert and best e*imate. which is an approxim8tlon of the amount that Ihe company woukl receive forlhe asset if it were to be sold at the balance sheel date. Financial assets and Thabililles are offsel and the neian￿unt reported in the balance sheet when there is an enforceable right to sel off the re0)gn￿ed amounls and there is an inlenlion 10 settle on a nel basis or lo iealise the asset and sellle the Ikqb¢lily simultaneously. 3.9 Creditors Short temi creditor5 are measured at Ihe transaction prtce. Olher financial liabilities. including bank loarns. are measvred iniiialty 8t falr value. nel of transathion (x)sts, and are measured subsequently al 8mortised cost using the effe(live interest method. The Grove Theat￿ Group Llmlted Page la Notes io the ffnanclal sLitements For the year ended 30 June 2025 Employees There are no employees in the chaniy. Stocks 2026 2024 Work in prtsaress Oeblors 2025 2024 Olher debtor5 Cash and cash equivalents 2025 2024 Cash at bank and in hand Creditor5: Amounis falling due within one year 2025 2024 Trade Cfedilors 50,586 20.005 Movement In Funds 2025 2024 Unrestricted Funds The Grove Theatre Group Llmlted Page 11 Notes lo the flnanclal statements For the year ended 30 June 2025 10. Related party transactions Thefe were no fel8ted party transadions in the period uThJer review. 11. Limited by Guarantee The company limited by guarantee and. therefDre, there is no issued share capit81. 12. Transition to FR510Z These are the first rN)an(ial stalwnents Ihat Comply wf(h FRS 102. The charity iransitioned lo FRS 102 on 1 July 2015. No transitional adjustrnents were required in Ihe retained fvnds or income or expendliure for Ihe year. 13. Trustees, ￿nuMeratIon The tfustees were nol renumerated for Iheir servi￿$ during Ihe year (2024- Nil). Two trustees were reirnbu￿ed £4.OIXI in rEspeL* ol fflileage and subsistence peymenls incurred during the year (2024- £4.0(KJ). The Grove Theatre Group Llmited Page I Notes to the financlal statements Forthe yearended 30 June 202S Appendbx 1 Income from charitable activilies Box Office 2025 2024 56,991 137.286 7,662 Other income Total 144,948 61.075 Expenditure on charitable activilies Venue hire cosls Olher production Costs SourKI and fKJhling Set hire, Iransport and storage Costume hire Performance rights Music and choreography Printlng and ad¥ertisirvJ Insurance 2024 37.31 21,844 24,900 lo￿06 5,215 29.490 3,040 3,708 1,438 24.230 9.507 5.072 4.040 4,579 1.420 2.889 447 Bank fees 208 Accountancy Depreryation 240 625 625 Total 138.869 53.019 All inconR15 from urhrestsided sources