Brassneck Theatre Company IA company Ilmlt•d by guaran1¢•. n¢t havlng • •har* capllall Annual Report and Unaudlted Financlal Statements for the financial year ended 31 December 2022 Company Number.. N1072517 Charity Number. 105096 Brassneck Theatre Company IA ￿MpanY limit•d by guarant••. not havlng a Share capltall CONTENTS Page Reference and Administrative Information Directors. Annual Report Statement of Directors. Responsibilrties Independent Examinerfs Report Statement of Financial Activities Balance Sheet 10 Notes to th8 Financial Statements 11-14 Supplementary Information relating to the Financial Statements 15 Brassneck Theatre Company IA company lirnited by 9uarants8, not having a share capital) REFERENCE AND ADMINISTRATIVE INFORMATION Directors Carrie-Anne McAlonan-McCrudden Maria Mccourt Connla Mccann Niall Murphy Kevin Gamble Michael Conlon Company Secretary Mlchael Conk)n Charlty Number In Northern Ireland 105096 Company Number N1072517 Registered Office and Prlncipal Addre$$ 2 Hannahstown Hill Hannahstown Beifa$t Co. Anlrfm BT17 OLT Northern Ireland Independent examiner PGR Accountants Limited Chartered Accountsnts Unil 2 Channel Wharf 21 Old Channel Road Belfast Co. Anlrim BT3 9DE Northern Ireland Brassneck Theatre Company IA company Ilmited by 9uaranta•. r￿t having a share capltsl DIRECTORS. ANNUAL REPORT for the financial year er￿ed 31 December 2022 The directors present their Directo￿. Annual Report combining the Directors. Report and Trustees, Report, and the unaudited financial statem8nts for the financial year ended 310ecember 2022. The financial statements are prepared in accordance with the Companies Act 2006, FRS 102 Yhe Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities: Statement of Recommended Practice applicable lo charities preparing their financial statements in accordance with the Financial Reporting Standafd applicable in the UK and Republic of Ireland {FRS 102}- The Directors, Report contains th8 information requir8d lo be provided in the Dlreelors. Annual Report und8r the Statement ol Recommended Practice {SORP} guidelines. The directors of the company are also charity trustees for the purpose ol charity law and under the company's constitution are known as members of the board of Iruslees. In this reFM)rt the direclors of Brassneck Theatre Company present a summary of Its purpose, govemance. activities. achievements and finances for the financial year 31 December 2022. The company is a registered charity and hence the report and results are presented in a form which complies with the requirements of the Companies Act 20(￿ and. although not obliged to comply wllh the Stslement of Recommended PraetirE applicable in the UK and Republic of Ireland FRS 102, the organisats'on has implemented ils recommendations where relevant in these financial ststemènts. Mission, Objectlves and Strategy Mission Statement By produ¢ing quality, professional theatre, Brassneck Theatre Company conlribules to the re-imaging of West Belfast by ende8vouring lo break the pre-conceptions that exist about this part of OLsr clty- The company plays an integral part In everyday Wesl Belfast society by enriching people's lives in thè communiti&s that we serve. Our work reflects all of our citizens and is accessible lo all. Brassneck Theatr8 Company is also dedlcated lo supporting the d8vdopment of local artists, writers. directors, designers, technicians ete. Brassneck Th88lre Company also operates a youth company, '8rassneck Youth.. Its prsm8ry focus is nurturing children and young people by providlng them with professional arts Iralnlng, Maste￿lasseS and workshops in order to encourage access and participation in the arts while equipping them with the reqUI￿d tools lo become the industry professionals of tomorrow. Another key priority of the company is ensuring the accessibility of theatre throughout the human lifecycle= from promoting access to theatre from Ihe very start through education. as well a$ creating opportunities for children arKI young people for those considering a career in the arts. The vision of Brassneck Theatre Company is to provide quality. professional theatre to local communitles and further afield by focusing on the development of new writing which addresses themes of identity. history. culture and religious and racial tolerance. Our productions will continue to be premiered in West B81fasl. before touring extensively across Ireland and further afield therefore creating and sustsining a vibfant, healthy society- Oblectives Brassneck Theatre Company has created a srx-strand approach lo achievlng ¢ts core values. one that encapsulates both our mission and vislon. To create professional. quality. and accessible theatre and delivering il to the highest possible stsndards To develop and nurture our ytyjth members as well as local artlsts, writers. designers & technicians To be proactive in conlribuling lo the re-imaging of Wesl Belfast To promote our plays, through themes of identity, history, culture and tolerance To represent local wmmunities by providing them with a wllecliv8 and inclusive voice To wllaborate with new and existing funding partners and private sponsors lo improve company sustainability To dev@lop audiences at a local. national and inl8mational level as well as developing new audiences Strudure. Goveman¢e and Management Structure Brassneck Theat￿ Company has a management committee of up to 6 members who meet quarterfy and are responsible for the strategic direction and policles of the tharity. At present th8 charity has 6 members from a vaiiety of professional backgrounds relevant to the work of the charily. A stheme of delegation is in place and day to day responsibility of the services rest with the Company Manager and Artistic Dire¢lor. They are responsible for ensuring the charity dèlivets the services specified and that key performance indicators a￿ met sUb￿0mMittees are in place to review some areas In greater detail e.g. finance and HR. programming, marketing. Brassneck Theatre Company IA company limited by 9uarantee, not havlng a Share ¢apltall DIRECTORS. ANNUAL REPORT for the financial year ended 31 December 2022 Govemance The Company wa5 incorpor81&d on 6th fvlay 2009 as Brassneck Theatre Company. The company is constituted under a Memoranduffl and is governed under ils Articles of Association. There have been amendment8 to th8 govemlng documents in the year. The Company has been regisl8red with the Charity Commission for Northem Ireland from 30th June 2016 under registration number NIC105096. Publ1¢ Benefit Brassneck Theatre Company meet the public b8n8fil requirement in the following ways., as slated in our Mission Stslement we were established in ord8T to satisfy the huge appetite for quality professional theatre in this part of the city. Since 2007 the company has played an integral part in everyday Wesl Belfast society by enriching people's lives in the communities that we sgrve. Our work reflects all of our Citizens and is accessible lo all. We have provided a plafform for local artists, writers. musicians and technicians to have their voices heard and talents showcased on a local, national and inlemalional platlorm. The youth training strand of our work provides quality. affordable professional standard perfomiing arts training lo children and young people from disadvantaggd backgrounds. Brassngck Thèatre Company has been at the fO￿front of devgloping new aUdien￿S. We premiere all of our work in non-tradilional venues such as social clubs or sports halls in order lo break down the baffier for new audiences. This affords our audience members the opportunity lo see th8ir stories In a setting that is comfortable and affordable the benefit of this is the promotion of self-value and self osl8em as our audiencas leave feeling valued as cillzens when they see their stories told through the medium of Ihealro. By keeping lickel prices low and coinpetilive, we find that we engage a18rge number of citlzens who may not usually attend the theatre on a re9ular basis. People who may wnsider the arts to be Snaccessible du& lo class misconceplicns or preconcepllons that the arts are simply inaccessible lo them through Ihelr financial or social status. Our prices have not changed for eleven years now, from flagship lo region81 and rural. untraditional venues, thus assuring access lo the arts for all our citizens as well as building a sustainable sector. Community D8velopment and Engagement happens naturally throughout all strands of our work.. this is done through th8 development of new stories, the nurturing of new wri19rs, actors, technicians, the opportunity of participatory arts training to children and young peopla, the provision of quality arts is) areas where il is mosl out of reath. Indirect benoficiaries of our work include young peoplg placed on work experience, a sharing of r&sources with other relevant arts companies. contribution to local govornmenl strategy and policy. inl¢rdiew8 with PHD studen15 to infom future researth, conlribullon al conferences. There are no b8nefils wllhin Brassneck's work that woukl lead to any harm. There are also no prlvate beneficiarfes. Revl•w of Activltles, Achiovgments and Perfom)ance New Writing Brassneck Theatre Company have been developlng, supporting and nurturing emerging playwrights for the last 16 years. We do this by provlding them wlth a professional platForm. In the year 21122 we supported 2 new plays. Participation 8rassnèck Youth young training programmg provldes a platfom for chlldren and young people aged 4-1810 participate in quality, affordable performing arts trai ning. We gngaged with over 80 children ond young people agèd 4-18 in th8 year 19120, this included working in online and face lo face. We Gollaborated with various youth and arts on creating short films addressing issues around mental ill health and the promotion of positive rn$nlal health. Our new online provision offering parti¢ipanls th& opportunity lo work wlh many a￿sts from various disciplines. Brassneck Youth worked w¢lh 16 different artists in 21122. Collaboration Brassneck wot*s collaboratively with many different artlSti¢ disciplines and artists throughout all our work. Throughout 21122 we worked on 2 productions and worked with 20 different artists. Productions 'Conversations with Angels, by Maria Connolly perfomied at the MAC theatre. Christmas Show at Brassneck training facility. Awards and other significant activities Brassneck Theatrg Co funded the Marc O'shea Aisling Butsary. This is a £500 financial bursary for students pursuing a career in Perfoming Arts Brassneck Theatre Company IA company Ilmlt8d by guaranlge, not having a share capltall DIRECTORS. ANNUAL REPORT for the financial year ended 31 December 2022 Flnancial Review The TnJslees are very app￿latIVe of the continued financial support that is promded by ACNI, Garf$8ld Weston. Andrew Uoyd Webber, Arts and Business Nl, Communlty Foundation Nl, BBC Children in Need. Haltfax Foundation Nl and BCC on project fijnding. Financial Results At the end ol the financial year the company has assets of £115,068 (2021.. £89,962) and liabilities of £1,300 {2021= £1,300). The net assets of the company have increased by £25,10612021.. £2,235). Going Concem Having reviewed the resources available and considered the ongoing recovery of the performing arts sector post the COVID-19 pandemic, the directors believe that the company has sufficient resources available to enable il lo continue lo meet its ongoing obligations as and when they fall dué for a period of at least 12 months from the dale of approval of the financial statements. In fom)ing their assessment. the directors considered the company s current financial position. its income streams, and ils funding ￿qUIrementS to April 2024. Accordingly, the director5 consider it appropriate to continue lo adopt the going Gon¢em basis in preparation of the rinancial statements. Dlrectors The directors who served throughout the financial year, except as noted, were as follow5.. Carrie-Anne McAlonan-McCNdden Maria Mccourt Connla Mccann Niall Murphy Kevin Gamble hAichael Conlon Th8 secretary who served during the financial year w85.. Michael Conlon ComplianGg wlth Sector-wlde Legislation and Standard$ The company 8ngages pro-actively with legislation, standards and codes which are developed for the sector. Brassneck Theatre Company subscribes lo and is eomplianl with the followlng= The Companies Act 2006 The Charities SORP IFRS 1021 0510512023 Approved by the 8oard of Dlrectors on and slgned on its bohalf by: Connla Mccann Director Dal8: Brassneck Theatre Company IA company limit64 by guarantee. not having 8 Sha￿ ¢apitsll STATEMENT OF DIRECTORS. RESPONSIBILITIES for the financial year ended 31 December 2022 The directors are responsible for preparing the finanrAal slal8ments in aC￿rdance with applicable law and regulations. Company law requires the directors lo prepare financial statements for each financial year. Under that law the directors have elected lo prepare the financbal statements in accordance with United Kingdom Generally Accepted Accounttng Practice Iunlled Kingdom Accounting Standards and applicable lawl including FRS 102 Yhe Financial Reportlng Standard applicable In the UK and Republic of Ireland" Section 1A (Small Enlitiesl. Under company law the directors musl not approve the financial statements unles5 they aro satisfied that they give a true and fair view ol the state of affairs of the company and of the surplus or deficit of the company for that period. In preparirvJ these financial statements. the directors are required to.. select suitable accounting policies and apply Ihem eonsislently: make judgements and eslimales that are reasonable and prudent.. state whether the financial ststements have been prepared in accordance wth the ￿levallt financial reporting framework. identify those standards. and note the effect and the reasons foi any material departure from those standards." and prepare the financial ststements on the going concem basis unless il is inappropriate to presume that the company will continue in Ope￿tiOn. The directors confirm that they have complied with the above requiremellts in preparing the financial statements. The directOW5 are responsible for keeping adequate accounting records that are sufficient lo show and explain the u)mpany's transactions and disclose with reasonable accuracy at ally time the financial pjsition of the cDmpany and enable them lo ensure that Ihg financial slalerngnls comply with. They are a150 responsible for safeguarding the assets of the company and hence for taking r8a80nable steps for the prev9ntion and d8tèclion of fraud and olhar irregularitie5. Approved by the Board of Directors on 05m512023 and sign9d on Its behalf by: Connla Mccann Diroctor Brassneck Theatre Company IA etsmpany Ilmit•d by guarantee, not having a share capltsll INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF DIRECTORS OF BRASSNECK THEATRE COMPANY I report on the financial statements of Brassneck Theatre Company lor'the charity.) for the financial year 8nded 31 December 2022, which comprise the Statement of Financial Activiti'es, th8 Balance Sheet and the related notes. Respective respon$lbilitios of dlrectors and examiner As the charfly directors you are r8sponsible for the pr8paration of the accounts in accordance with the terms of the Companies Act 2006. Having satisfied myself thal the charity is not subjgct to audit Jnder company law, and is 81igible for ind8P8ndent examination, it is my responsibility to.. examine the accounts under section 65 of the Charities Act (Northem Ireland) 2008 {'Ihe Charities Act,) as amended by th8 Charities Act (Northern Ireland) 2022 where applScable', follow the procedures laid down in Ihe general Directions given by th8 Charity Commission for Northem Ireland under sgction 6519llbl of the Charities Act.. and state whether particular matters have come to my attention. Basls of independent •xaminerfs report I have examined the charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general DI￿¢110￿S given by the Charity Commission for Northern Ireland under section 6519llbl of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the a¢¢ounts presented with those records.11 also included consideration of any unusual items or disclosures in the accounts and seeking explanations from you as charity trustees concerning any such matters. An independent examin8tion do85 not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounls. The planning and conduct of an audit go beyond the limited assurance that an independent Èxamination can provide. Consequently. l express no opinion as to whether the accounts present a 'true and fair view, and my report is limited to those specific matters set out in the independent examiner's statement. My role is to state whether any malerlal matters have come to my attention giving me reasonable Cause to believe: 1. That accounting records were not kept in accordance with section 63 of the Charities Act {Northem Ireland} 2008 as amended by th8 Charities Act (Northem Ireland) 2022 where applicable and section 386 ofthe Companies Act 2006., 2. That the accounts do not accord with those accounting records", 3. That the accounts do not comply with the accounling requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recomm8ndgd Practice.. Accountin9 and Reporting by Charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appli¢ab18 in the UK and Republic of Ireland (FRS 1021.. and 4. That there is further inform8tion needed for a proper understanding of the accounts lo be reached. Independent oxaminerfs statgment I have completed my examination and have no concerns in respect of the matters11 } 10 {4) listed above and. in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no mallers that require drawing lo your allenlion. Mr Peter Greene For and on behalf of PGR Chartered Accountants Unil 2 Channel Wharf 21 Old Channel Road Belfast. Co Antrim BT3 9DE Dated.. {/ank and in hand Cash al bank and in hand comprises cash on deposit al banks requiring less than three months notice of withdrawal. Taxation and deferred taxatlon No current or deferred taxation arises as the company has been granted charitable exemption. Irrecoverable valued added lax is axpensed as incuried. INCOME CHARITABLE ACTIVITIES Unrestrlcted Restricted Funds Funds 2022 2021 Income from chafitable acllvities 17.002 145,311 162,313 243.523 OTHER INCOME Unrestri¢tod Restricted Funds Funds 2022 2021 Other income 6.655 500 7,155 21.094 EXPENDITURE CHARITABLE ACTIVITIES Dir•Gt Costs Other Costs Support Costs 2022 2021 Expenditure on charitabl8 aclivi11gs 111.945 18.915 130,860 247.383 OTHER EXPENDITURE Direct Costs Other Costs Support Costs 2022 2021 Other expenditure 12.062 1,440 13,502 14,999 NEf INCOPJIE 2022 2021 Net In¢omo.Is stated aftgr chargingl{GrodStlng): Depreciation of tangible assets 12,062 8,925 Brassneck Theatre Company IA ¢ompany Ilrnltetl by guarantee. not havlng a share capltall NOTES TO THE FINANCIAL STATEMENTS contlnued for the financial year end8d 31 December 2022 TANG18LE FIXED ASSETS Flxtures, fittlngs and equipment Total Cost Al 1 January 2022 Additions 47,859 32,705 47.859 32.705 At 31 December 2022 80,564 80.564 Depreciation Al 1 January 2022 Charge for the financial year 17.034 12.062 17.034 12,062 Al 31 December 2022 29.096 29,096 Net book value At 31 December 2022 51,468 51,468 At 31 December 2022 30,825 30.825 DEBTORS 2022 2021 P￿Payments and accrued income 13,978 11,200 CREDITORS Amounts falllng du• wlthln one year 2022 2021 Accruals and deferred income 1,300 1,300 FUNDS RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Restricted Funds Funds Tolal Funds At 1 January 2021 Movement dullng the flnancial year 31.946 7.702 54,481 {5.467} 86.427 2.235 Al 31 December 2021 Movement during the financial year 39,848 139,5401 49.014 64,646 88.662 25,1( At 31 December 2022 108 113.660 113,768 13 Brassneck Theatre Company IA eornpany Ilmited by 9uarantee. not havln9 a share capltall NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ènded 31 December 2022 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 January 2021 Income Expenditure Transfers Balance betr4veen 31 December funds 2022 Restricted funds Core Fund Youth Fund Projects Fund Bursary Fund 9,865 20,669 17.833 647 13,600 97,211 35,000 129,2871 187,797) 124,6331 (5001 18.402 24,235 18,415 12,580 54,318 46.615 147 49,014 145,811 1142,2171 61,052 113,660 Unrestricted fund5 General Fund 39,648 23,657 12,1451 161,052} 108 Total funds 88,662 169,468 1144.362) 113.768 ANALYSIS OF NET ASSETS BY FUNO Flxed assets Current assets Current Ilabllltles Total Restricted trust funds 51,468 62,192 113,660 Unrestricted general funds 1,408 11,3001 108 Net assets at 31 December 2022 51,468 63.600 11.300) 113.768 10. STATUS The company is limited by guarantee not having a share capital. The Ilability of the members is Ilmlled. Every member ol the company undertake5 to conlribul8 lo the assets of the CL)mpany in the event of its being wound up whlle they are members, or wlthln one year thereafter, for the payment of the debts and liabililles of the company contracted before they Ceased lo be members, and the costs, charges and expenses of winding up, and for the adjustment of the rlghts of the contrlbulors among themselves, such amount as may be requirgd. not exceedlng £1. 11. POST4ALANCE SHEET EVENTS There have been no significant events affecting the company since the year-end. 14 BRASSNECK THEATRE COMPANY IA company Ilmltsd by guoranto9, not havlng a sharo e4pltal) SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS OR T E FINANCIAL YEAR DED31D CEMBE 02 15 Brassneck Theatre Company IA eompany INnltÈd by guarantÈÈ, not havlng a shara eapllall SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Statement for the financial year ended 31 December 2022 2022 2021 Incomg Box Offi￿ arKI fees ineom8 Grants re￿1¥￿￿ 17.002 145,311 6.171 237.352 162.313 243.523 Expensos Salarie$ and creatives Stage and productlon Gosts Insurance and office running costs Repair5 and maintenanc Advertising and website expenses Trav&lling. $ubsist8nce and hospital￿Y Accountancy Bank charge5 General expenses Depreoation 100,960 10,984 12,800 202.625 29,547 8,786 1,038 630 4.000 237 2,188 335 5.739 8,925 75 4,373 12,062 144,362 262.382 Miscellangous Incomg Sundry income 7,155 21,094 Net surplus 25,106 2,235 The supplementary Information does not form part of the financial statements 16