Ch•rfty r•glstrntlon numb•r NICIOS804 C¢ffip•ny rnglstr•tlon numb•r N1602830 (North•rn lrnland) WATERSIDE THEATRE COMPANY LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 IIARCM 20 WATERSIDE THEATRE COMPANY LIMITED CONTENTS P•g• Charity Information lTrJgperKhnt •xaminorf$ rgwt ststo￿nI ol fin8nd81 acbvib•$ B8lance shoot Note$ to Ih8ndal 8tstemgnts 10-20 WATERSIDE THEATRE COMPANY LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trnst• Ms EJ Barber Mrs M Mulh8m B Stevensc Mr B DMlo11 J Mcmaster MS M Kèys S•cr•tsry MI￿ M Wallace Ch•rlty numb•r NIC105804 Company numb•r R•9l•t•f•d offlc• Glondwmott Road BT47 68G Ind•p•nd•nt •x•mln•r Mtrye INI) LLP 21r23 Clareth Stre•t BT48 7EP B•nk•rn AIB 6ank Strand Road 8T48 7TN Sollcltor• Gillgn. Barr & Co SollutL 41 New Row Cderaine BT47 68G WATERSIDE THEATRE COMPANY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2022 The Trustees present their annual rewt and ffinan￿￿ 8latww)ts year ended 31 March 2022. The aceounts have been prepared In accordance wllh thè ￿¢￿n￿r￿) polws set (xrt in nots 1 to tho accounts and comply with the ¢hariVs gov8miThJ document, thè Companies Act 2C￿ and "Accwntlng and RèportirMJ by Ch8rfjtles: Stslemenl of Recommended Practicè 8ppI￿able to charilies w8pariNJ their aeeounts in accordance wlth tlle Flnancial Reporbng Slondard applicablè in Ihe UK 8nd Republic of Ifeband IFRS 102118ffectivo 1 January 20151. ObJ•ctlv•s ￿tI¥ll1•S Our Vl•lon. Mls•lon •rHI Valu Waterside Theatre Company Limited wovth8 8rt8 basad ￿)graM￿S of p8rfonn8nc8, educ8tic￿8l and communlty dovtslopment actsvty for Fwple of dl ag88 and abili11￿. impactKvJ b(*1ty 8Th1 ragionally Itr*￿ul Ireland￿K and Inlemalionally. Our Vl•lon We aim lo place thè arts at the heart of Lond￿￿8 rtgèneration. We arè committed to challenge, to innovation and lo grwth •ThJ 88 Such have a strategic ry)l• as a key ¢uAU￿ lac￿lty in one of the UK'8 dynamlc dtl88. The vision of Waterside Thtrat￿ Company is.. Yo pmvld• on• of North•rn lrnl•nd'* l••dlng ¢•fttr￿ lor th• •rts." The ComF4ny'$ VIS￿, ObJeciNe8 8nd Core Vol￿$ diivè umiah, a*r8kns and artistk kYllGy. Our Ml••lon Waterside The8tre Ccthpany Limlted has •jOpt￿ I￿ fol(MlrKJ mlth 8talemont In wlth 8lm•, oblectlves and constitullonol ststus.. "To m•lr• hlgh qu•llty •rts •cc•sslbl• to •v•ryon•." Our Valu All our work18 drTrven by our CLYe valuès.. Achieve artlstlc quallty and excèlkn In all that wo do. . Sefve Ihe Who￿ eommunlty. InC￿1￿j wh) are nol regulgr ￿ c4mm5ttad arts atterthr8 a8 well 88 our byal 8LKligrw. Offgr 8qual opportunities for all to benefft from what w ho￿ to offer. Have good links locally wrth all groups in the community. reaching pec* thffyjgh off-61to aB well a8 through venue based m8eb'n9 the ngods ol many drferenl interest groups and ditlerenl age gr￿p8. Have eXulem￿l and enefgy, experiment aTrJ t¢ innovate. 7Mlliro lo take risks. Giv6 practi110￿15 the opFKKiuniti8s and the circumstsnces in which their professthal wryk can develop. Nurture artists and encourage original contributions to the ol Ihelr artfryms. . Promolo a breadth of curtural range and forms. 0￿010p contgmporary and inlemational links, 8$ befft8 an oulwwd kx)king COm￿nY v*fiich thlnks dffterently, embraces evolution and thoMpK￿ chan￿. Bo culturalty inclusive as well as socialty inclusive. . Have a Frt)sittrve impad w people's attit￿$. exr*etations and Unde￿tandI19. through community rrfopcts, outreach programrr￿s arKI t*)th fonnal arKI informal education vrtxk. Help people explore and devolop their cullural understsrKling. Pffjvide the t*st possit4e cu$lorr*r serwce. beCal￿e we that ¢)ur audience's expectation$ are high and rising arml that we must meet Iheir needs arKI compete effectNety with other ￿jIt￿re1 and leisure chc1c￿ W we are lo deseple p￿$￿e'S lOY￿ty. The Trustees have paid due rggwd lo glidar￿ is8￿d by the Chadty CommLsskm h deddlng wthat activ￿￿$ thè chadty should undertake. WATERSIDE THEATRE COMPANY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Achl•v•m•nts •nd p•rforn)•nc• Du8 to ongoirKJ issues caused by the gDvemmènl's treatrnent of arts venues during the Cowd pandemic. Waters Theatre only reopened for cinem8 e¥en16 from May 2021 arKI was not P8rnittgd to wpen for IFV8 theatre performances until S&plemb8r 2021. Thffjugfh)ut this time, we were forced to iM￿eMent social distancing measures of 1 melre bewn awjtence ff*mbar groups, which reduced our capacity ty approx. 70% from 372 to 14)￿120. Thls enabled us to run som& small events, w)cluding final Forfmances for community arts projects that we deliv8r8d in partnorship *Mth a r8rwJ8 of ststulory. comrrwffiity, culbJral and hearth #r*J welfare organisalion8 that benefit those rN)st dtsadvanl8pJ in foxièty. Bul as cg)mmer¢ial events, particularly larger scale tcmjring productions require audiences of around 80% to br88k even, r￿fting tIKJSe events urKler Ihe 1 mètre soci81 distsncing rule wasn'l VIab￿ and so we had to rrt)stF¢rt many of these events until all restrict￿nI were eased and did rtol commence programming these unb'l Febnjary 2022. Gwen all the issues wè fxed dunng this year we were plèased to recor(1 audiences of 13200 att￿￿lI￿a t)Uf wwammè of 114 chlklm's thèatrè, drnma, dance. muslc, comedy and film events. &Ki81 distsncing and Cov5d restrkti¢)ns also contrnued to affect our communlty arts prr4ects. Hch¥ever, Walerslde Theatre's leam again showed their cre8tMty aThl innov*ion th￿X￿h0lrt tho year to deliver 214 workshops with over 5.600 participant sessions in viwal art. croative ￿lt1￿J. drama. dgnce. MUS￿ 8nd rrthiemonl for children. young people, ohjer pgople, th088 frryn ethnic minority groups and p8ople a disakn'lity. Workshops were a blgnd of f8Cfrtfrface and ￿line 8CtNths. Flnancl•l rnvl•w Total incom& fof the year was £251,054 of ¥th*1th 8pproxlm8tety 1CKI% w88 gwier8t8d from ca)ntracts and grants and 0% from don8lbns, legaeles al￿ fuTrJraraing adfvttl8s. To181 axpendl¢urg was £222.357, 100% of thls was expended on dirbct charitabl• actm'ties. Th8 bolancg on totsl funds al thg year-end was £154.301 of whlch £130.791 was Unr8#1￿Ct&￿ In n8￿ra. £23.510 wo8 (kn6bgnatsd kn n&turg and £nll wa8 rn6tr1ctad. R••v4•• Poll¢y The Trustees con8ldor It prLKJènl to hold m0ft￿ In reserve kn the event that unforeBoen ¢1￿UMStan￿ should 18ad to flnancl81 dlfflcullles whlch might pul thè ol Its èm*rMnt capacty. users, well-being and gener81 charitablo work In jeopardy. The Truste86 have examinad lh& Chartys req￿mMon¢S for rès8rvo8 in I￿￿ of thg m•in iisk8 to org•nl6ath)n and established a formal polky vthich 81iwlatès that free resaryg$ be m9intsined al a lovel which ensuros that tho charivs core 8c¢i¥ity could conlinue durir4 8 poriod of unforeseen dthculty. Free reserve8 are dgfined by tho Trusleo8 as unfO8lricled income furKls freety availablo for use as the ¢tharity so determines and thereby exdudes any funds comnNlted, invested in tangth fixthd a￿ts hold by the tharity WKI rgsthctod or dosh3n81od funds. Thè Tnjslees have assessed the major risks io the charity is exp060d. and ar• satlsfied that 8y8t8ms are In place to mltigatè èxposure to the mai(w risks. Pl•ns lor futurn p•rlod• Plans for th• futur• The threat of COVKI will be with us some consideralqe to come. which 15 cregtiThJ o reluctsnc• ￿thin 8om• groups lo re*ngage, p8￿culartY the elderly and those with undertwrrfj he81th issues, so we will continue lo explore ways lo provide opportunities for all I￿[ attzens to parbupale in fun. ￿atiVe, ed￿81￿)nal experlences In safe, nurturing settings. f8ulitsled by artists and cornpan￿ with the hwesl reputation. We wll continue lo offer year- round activity for those mo$1 in need, which wll involve usirvj m(wJem techrK)logy lo delr¥er our work onllne and blènd il with face-ltrface aclNities. We will continue lo expand our work in the community to prowde a￿e$S to facilities and services $0 young pe(v￿ from ethnic minm backgrounds. pètsp￿ from areas of disadvantage, people wbth dis8bilrt￿s and the ehjerfy. can derive the s￿la1. heath and educ81ional beneffits that come from engagement In the ats. WATERSIDE THEATRE COMPANY LIMITED TRUSTEES. REPORT (INCLIIDING DIRECTORS. REPORT) (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 Strudur•, gov•manc• •nd m•n•g•m•nl Govèfnlng documènt Waterside Theatre Company Limit8d bs 8 0￿panY ￿Mited by guarantsb and accytod as dwri1￿0 by HMRC under reference XT 24141. The company was •r￿(porated on 14th October 2010. The wnpany was estsblished under a Memorandum ofAssWa￿n wh￿h eslablished Ihe ow and kwrs of th8 compony, and is gov6m8d by its Articles of Assttialw. Tho liability of membef5 15 limited in that &¥ery memb&r of Ihe company undortakes lo contrftmrtè an amount not oxcwjwy £1 in of Ihe (wny bw'ThJ *Dund up. Thg Trusteos. who arè also tho dlrectors for th? of ctffi)pany law. and 6eN8d durin9 th8 ￿ar and up to th8 dale of 8ifvre of finandal stst•m•nts *v•: Ms EJ Barber MTS M Mulhem Mrs B St8ven8 Mr B Dowd811 Mrs J Mthla6tor MS M Keyd R•crullrn•nt *nd *ppolntm•nt of th• Tfu•I• Undgr the requiremonts of the Memorar¥Jum and Articles ol Assoaal*)n un1886 OtheThAse dgt8mIr￿d by th8 ¢omp8ny in General M88ling the numbor of Tn*t89s sh811 not ba than five. TNsle85 8re o18ctgd to 8eN8 onty until th• nwxt Annual Gor￿1 Metstiffj at tr*y sh911 ltr￿n be rwlth. In the financial year no Tn￿le8S were apwinted orn1 resigned. Th• 8oard a8 a whole •pprOV￿ by thè AGM ond conllnu8s lo its memb•r¥lw. Rl•lE Man•g•m•nt The Tw8tèè$ are 8ware of the major rfsks to wthlch Ihg chaty Ls •xposad. Where appropdate, systems or proceduies have been establi8h8d lo mibgate lh& risks th• chorty lgcos. Intorn01 control ngks arè minimlsed through the procedures lor 8ulhorisation of all tr8ft8ac￿nS and projects. Pfowluro$ are M) place to ensure compliance with applicable laws and reguL8tion8. These wocedures arn reviewed wri0(li￿llY lo ènsure thal they ontinue to meèt thè needs of th? charity. Ory•nl••tlon StruGtur• The Board of Trustee$ consists of si¥ members who 8dminvJtsr Ihe chority. The Tntslees are respon8it40 for the strategic dIreCt￿n and polky of the organl8at4)n. Twsloes wo frcMn 8 ¥a￿ty ol prof888ion81 backgrounds relov8nl lo tho work of the chadty. I mèmbers of the Board of TnJ8tees gfve th8r timg volunlarity and ro￿1¥? M bèrth from the chgrfty. Any èxpensès red8lmed from the chadty ar• set In the not•8 to th8 fin8Th￿l ststèments. A schèmè of ddegatbn Is In r8swMblyllty thg of servictt r88ts wlth the Chlef Executlve Offlcèr, who Is r88ponslble fr)r the day to dgy cy8rati￿￿ Mar￿8￿nt ofth8 dwrity. WATERSIDE THEATRE COMPANY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2022 Stthm•nt of Tn￿1•￿. rn•pon•lbllltl•• Thè Trust88s, who are also the dredors of Waterside Theatre Company Limited for Ihe purF(w of cy)mpany law. are resw)nsible for preparing the Tfustoes. Rewt and ts ￿nar￿la1 statements in aL￿(da￿ with applicabl8 law and United Kingdom Ac¢ountsng StaThtsrds IUnit&J Ki￿d￿n Gen8raltyAeceptad A(xthntlng Pr8cb'c&l. Company Law requires Ihg Tn￿te0$ to proporo fin•n¢io1 ststements for financial year which give a tfug •ftd fair vi8w of the stste of affairs of the charity and ol the ineomiThJ res<￿￿88 aThJ aPFAKatlon of resourcas. induding lh8 incoff* and expeThditure. of the charitslje Company for th8t yew. In preparlng tt*s• finoNial 8laten*nts. lh8 TnBt8e8 ar8 required to.. . select sui18ble accounting polwies arKI then wty them cmi8tenty', . obserye the m¢thod$ and WH￿rA88 In Ihe CharlU88 SORP: . moke judgements and e8tlmate8 th818r• rn88crfwblo and w￿n(. . Ststs wthethw •prAlcabl8 UK knA)untro Standards havo been f￿1￿￿•d. 8￿JeCt to any materlal d8parture8 dl8closod and explalr*l in the financlal Ststements; and . preporo th8 flnanclal stalemonts crf) the golng coKem basls u￿0%$ it l¥ Inapwothts lo rK884Th that the charfty WMI ¢onllnu• In op•ratbn. The Trust868 rn8ponslbh for kee￿r￿j adequate acuuntiry rocrmts th81 di6ck)60 roas￿abl8 accuracy at any Ilme the fin8nclal p￿￿0Th ol thè chartty arm1 enablo them lo en8uro th81 th• finarK￿l s18tgmgnts ¢￿mplY wlth th Companles Act 2(￿. They are also reswnsiblo for safeguardlng th8 assets of th8 tharity and hènce for tsklng r088on8bb& 818ps for the preVenU￿tr and d8tecUon of and olhgr Irrogul8dtsg8. The Trustees. report was ty Ihg Boanl of Tru6tO08. Mrs 8 Steven80n Trust•• 8 Novombor 2022 WATERSIDE THEATRE COMPANY LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WATERSIDE THEATRE COMPANY LIMITED We report ￿ the accounts ofthè ctharlty for the year eTh1gd 31 March 2022. ar8 set (Mjt cffi pw 7 to 20. R•#p•th• rO•pO￿lbO1lll0I of TnTht••* •nd •x•mln•r The trust￿S, who are also the dlrèctors of WatèrskJ• Theatre Cornp￿ Umlted for purposas olcompony law. are r88pon6ible for tho wepara￿Th of tho ac(xunts in awudance wilh ts requiremonls of th8 Comp8nkn Act H8vlng satsfied Ih8t Ihe chjrlty is 8uLryect lo audrt undgr company 18w, aryj is 01￿1b18 for ndependent examlnatbn. It IB wr rn8pDn8lbllty to.. {1) •x8ming th? aCt￿nIS under 65 01 Iha Chaiit*sAct 1111 follow the prowlures L*KI d(y*n In the general dwocIILTh gr¥en ty th8 Charfty con¥n￿ for Northwn Irelar•J under secli¢)n 6519Xb) of the Ch8rit*s Acl 1111) $ts18 whother Part￿U￿ m8tters ho￿ com to our #ttonllon. 84118 of Ind•p•nd•nt •x*mln•f• r•port We havo examined y￿r ch8rlty accounts 08 rw4ulr*l urMl8r 8acIIM 65 of th• chOrft￿ Act and our examlrw Wa8 carrted out in accordanc8 vAth Ihe gengr81 Directions gNtin by th8 Charity Comm1BSit￿ for Northern Ireland under seCt￿n 6519llb} of the Chantios Act. The examinati￿ i￿1{¥Jad a re¥￿ of the accounting records kept by the ch8rlty and 8 compadson of the accounts wesented wlth those Teeord8. 11 also included ￿￿s￿l￿rat￿)n of any unusual Item8 or d18do8urn8 In th8 x(x)unts. soeklng •xplaMkn8 Irom sff)U 98 charity iru81••8 ￿*r￿¢MIng any suth matters. Our lo￿16 to $1ote whether any malarial mattws have to wr attentlon UF Cau80 to bolièv8.' 1. That a¢￿Unting reeords wero not kepl in aCCOr(lan￿ with 8èCtlon 386 of lh8 Comp8nies Act 2006 2. Th8t tho accoun15 do not accrrtd vAth th080 a¢￿)unting records 3. That the acccmjnts do not compty thg accounb.ro reqUirem￿ts of sectw 396 01 the Compani8s Act 2CQ6 and with the methods and principles of th? Charitiès Statement of Reo)mmeThYed Practice applicable to charities preparing I￿1r 8ccounts in a¢￿d0n¢8 with th8 FinaThyal Repc￿1r4j Sl8ndgr(10Oicable in thè UK and Ropublic of Ireland 4. That there 18 fUrt￿r Infonnatth ne8ded for a syoper under81anding of lh8 accour)ts to bè reathed. Ind•p•nd•nt •x•mln•f• Stat•n￿ We can ctsifim that we ore quo1[r￿ to undertake the examingkn because wè 8fe rn9￿18￿d mgmb8r8 of Chartered Accountsnts Ireland vknich 15 onè of the listed tK)Jlg8. We have completed our examlnalkin and hav8 no Conc￿ In r8SPgCt of th8 mattets (1) to141 Ilsled abo¥8 and, In conn8Ctlon with following Ihè ￿'rect￿n8 of the Charity commiss￿Th for Northem Ireland. wo have found no matters that requlro dr8WNJ to your attenlkffl. Moor• IN LLP Charte Accountants Ireland 21123 Clarendon Street D8rrylLondorKlery BT48 7EP D818d'. 8 November 2022 WATERSIDE THEATRE COMPANY LIMITED -; STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 Curr•nt fln•n¢lal y•ar Totsl Totsl fvnds nd• sw)•r•l dMlgn4t•d 2022 fund• 2022 2022 2021 Grants 8n(I donations Charitable activibos 167.661 51,720 167.661 83.393 152.590 89,507 31.6n Tolal In¢om• 219.U1 31,673 251,054 242,097 Ex Charllatle actmlles In.610 40,947 222.351 207.180 N•t Inc¢mlngl{outgolno) r•￿￿r¢•8 b•fow• trnn•f•r• 45,T11 .BOO) {1.274) 28.697 34.917 N•t In¢offllThgl(outgolfi9) r••oure•s b•fo trnn•f•rn 45.771 .800) {9.274) 28,697 34.917 Gross Iransf•Tr b•lween fur 232 (232) N•t Incom•ll•xp•ndltur•) for th• y••rl N•t mov•m•nt In lund• 41003 {9.$06) 28.697 34,917 Fund b•l#nce# •11 Abym 2021 84788 31,310 115,004 90.887 Fund bAlanc•• at 31 Pl•￿h 2022 130.7•1 23,S10 154.301 125,604 Thè stslermnl of fin8n(#81 actlvitth al gain$ k)$88s rgcryJniwl in thg yw. All inrA)me and expèndlbjre del￿ from contlnulTrJ aralvlkn. The s18tsm8nl of ftmrthl actlvikn aLw compli8s with the rewkements for an ￿￿OMe and oxp•ndKure acc¥)unt under the Companigs Ad 2C(ffj. WATERSIDE THEATRE COMPANY LIMITED STATEMENT OF FINANCIAL ACTivrriES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 Pr1￿ flmnclal y••r Totsl IM fund• g•n•rnl d•slgn•t•d 2021 funds 2021 2021 Grants and donations Charilable activitie8 152,Sg0 (478} 152.590 89,507 a9,￿5 Totsl Incom• 152,112 89,985 242.097 Ex nd Chadtablo acllvllies 131.734 6.797 68,649 207.180 N•1 In¢omlngll¢xrtgolng) r••ourc•• b•for• hn•f•rn 20,3n (6.79n 21,336 34,917 Gro88 transfers betwe￿ lunds 16,498 116,4M) N•t Incomtrl{•xp•ndltur•) for th• ymrl N•t mov•m•nl In fund• 36.876 16,797) 4.838 34,917 Fund baSaruJ8 811 WI 2020 47.912 38,108 4.667 90,687 Fund b•l•nc•• •t 31 M•wch 2021 788 31.311 9.505 126.004 WATERSIDE THEATRE COMPANY LIMITED BALANCE SHEET AS AT 31 MARCH 2022 2021 Nots• ) Flx•d a•••ts Tanglble as$8ts ¥430 32.927 Cufrnnt •wits Debtors C8sh at bank 8rMI In hand 62,082 66,055 22.974 80.163 128.137 103.137 Cr•dltorn: •mounts l•lllThg du• wllhln on• y•ar 10 18366) 110,460) Not curronl asogt• 119,871 92.677 Tot•1 ••••ts l••• currnnt Ilabllltl•• 154.301 125,604 Incom• fund• Rostrictèd fund8 Unreslricled lundB- d88lgn#ted Unr861rlcled fund6- goneral 11 9,505 31.311 84.788 23.510 130.791 154,301 125,604 The ￿MponY 18 entitl￿ to tho 9x0m￿l fr(yn ts aLKIIt roqulrenth crntsined in 8ectkx1477 of tho Companle8 Act 2006. for the yeor ended 31 Marth 2022. The dlrectors acknowledge thelr re8pMsibi¥tss fty complylTrJ wlth the rnqulrnm8nts of the Componie8 Act 2006 th re8pecl lo accoLtnUng rec(Kds 8nd Ihe yep8r81￿ of financi81 ststemenl8. The members have not fequired thè u)rYyny to obt&n 8n a￿11 of it8 frnnoal slatemènts for the year In questlon In 8ccord&r￿* with secth)n 476. These fln8ncknl $t8l•rr*nts havg bfj￿ w￿red in Kc4yd8nc• wilh the ly0￿1(￿ #P[4￿￿e to ts)mpanie¥ subfvct to the 8rn811 comp8n*8 rogin*. The ffinan￿aI statenwnts wer• aFproved by lh8 Trustees ry18 No¥ethr 2¢Y22 Mrs B Slevenwi Trn$t•• Company r•gkntratlon numb•r N1602830 WATERSIDE THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Ac¢ounUng pollcl•• Charlty Inft*mMtlon VIat&￿d• Thealre Company ￿mIted 18 a prfvat8 (Xffipgny limit8d by guarantee Inccwated in N Ireland. Th8 register8d (fft• iè Watèr8wJè Centro, Gb8rthrn￿I Road. L￿K1¢￿thrry. 8T47 8BG. 1.1 Accountlng ¢onv•ntlon The financial Slatements have been wepared in 8(xothnce with the charitvs Igoveming documenll. the Companies Acl 2c￿, FRS 102 Tr Finan(x81 Re¢(Kling Stsndard aOicatle in Ihe UK 8nd Republic of Ireland" I"FRS 102-1 and thè Charities SORP "Accounting and Re￿rtir0 by Charitios.. Ststemenl of Rocommended Practic6 applicable to ¢haiities preparing their accgxinls in ac￿rdanCe wtth th8 Flnancigl Reporting Standard applicab￿ in the UK ar￿ RapU￿1C of Ireland IFRS 1021"1gff8ctive 1 January 2019}. The arity18 a PublK B•Mfft Entity 86 dgffinod by FRS 102. The charity h88 taken advanlago of Ihe pro¥w￿ M) ihe SORP for charibM not to preparn a Stalarmnt of Cash Flows. The financial stslements are p￿Pared in slerlirvJ. is tho fvnctKrfwI currency of the charity. Mon•tary amounls in these financi￿ stslemènts are rounded to the ne8re$t É. The accounts hgve boen prepornd und8f I￿ h16tor*al cosl oywenllon. prlndpal acCcMJn￿￿g pollue8 adopted are set out belw. 1.2 Golng conc•m Al the lime ol approvifWJ tho fin￿d￿l stalements. tho Trust￿¥ have 4 rea8(Thble èxpectation ih81 the chadty has 8dequ8le r¥sour¢es to continue in operakn'onal existence for the forwJeeable future. Thus tho Trusle88 continue to odoF4 the going ¢¢￿eM b88i8 ol ttest and 8utwuenUy measurnd al c06t or valuatlon. net of dapredation aThJ ary Im￿lM￿nt kw88. Depreaallon18 recoan188d so 88 to wr6te off th• cc41 or vahJglKm of 0￿18 J•sB tsir r8sKlual Y￿UeS ovor thèlr u8efiJl IIvo8 on Iho f0lbw￿￿j bage•: Flxtur08 and IIIUn98 12.5% 8trabJM11 The galn or los¥ ari$lng on tr￿ dlsposal ol an asset rJ detern￿TrOd as Ihe dlfforenc• betweM Iho 8019 prw8od$ and the cgrying valuo of tho asset. and is rttognised in thè statement of financbal aclivibes. 1.7 Imp•lrnwnt of fix•d as••t• Al each reporting erKI date, t￿ chadty revlvats c4rrylr•J anw)unts of Ils tsngbbg aB89ts to detefmlnè wh8th8r there 18 any IndkAtth that tr￿6• asststs hav8 Suffered an Impalm￿nI kffjs. If any Buch Indicallon 8xists. the recover8￿ts affthnl of thè asset is 8sb'mated In txO&r to dolemwno the 8xt8nl of the Impairmènt 106$ Irf any). 1.8 C••h Ind c••h •qU￿11•nI• Cash and cash equivalents c88h In hand and bonk overdT8ts. 88nk overdrafts are Bhown wlthln borrchvlngs In cuffent IlabllStlg1. 1.9 Fln•nGlal lTrstrum•nts The th8rity has 818ctsd to appty p￿slOn6 of Socllon 11 '89￿C Fln8nd#l In#trumèr)ts' And S•ctlon 12 'Oiher Fln8nclal Inslwments Is8ues' of FRS 102 to 811 of ils tkn•ndal In$twm8nts. Flnandal Irffjtrum8nts arn recwnle•d In ts clwlvs balanGo sh••t wtw ¢h8rlty b￿ornes P8ty to the conlr8Ctual provthns of Irtstrument. Finan(xal a￿ts and Ikgbllb88 arn off8eL With amounts PfgBOntod in th8 fift8ftd￿ 8tat8m8nls, when there is 8 legalty enforcea￿6 right to set off the recwnised amounts and thorg 18 an intention to 8ettlo on a not b8Si8 or lo realise thè as8el and seltse the Ikgblity simullan8ou8ty. 8•8k trVn•ncl•l •M•ts Basic financi81 assets. vknlch dgbtors afmj cash and bank b#l•r£aB, arn Initlally m88surod at Iransaclion price includirwj transo¢t￿n costs and are subsequentty carried at amrtised cost using tho effeclive interest method unless the arrangQff￿t ccwtitutes a financing transa¢lThTr, where the transaction is measured al the present value of Ihe future recwpts disc￿￿18￿ al a market rale of interest. Financi818ssets 11 WATERSIDE THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 AGcountlng pollcl•• {Contlnu•d) B•sk Ilnanchl H•bllld•# Bas￿ financial liabilities. I￿uding uedIto￿ 8ThJ bar& thns we irAbally rnu)gnwd al tr9ns8Ction prlce unl8s6 the 8rr8ngemenl constylLrtes 8 finanang transaction. wherè the d8bt instrumenl is measured at the present value of the fulure payments discounted at a market rale ol inte￿81. Fin8n(ial ligbilities dassified 88 payabl8 within one year are not amrtised. Debt In51rumonts 8r8 wbsequently tarrted at aTh#vtW ctxL uslng Ihe effedvg Interest rale method. Tr8do ¢roditor8 8f• 0￿193￿1 to pay for g)ods or that ho￿ b88n acgulred In the udlnory cour8a of oporgtions from suppliers. Amounts pay8￿& are dwifiod as currgnt liabilities If paym8nl Is du? withln onè yoar or le58. If not, they are present80 88 rwi*urr8nt I￿￿11￿68. Trade creditors arn recognlsgd initially at transac1k￿ p￿c& and subsequentty I￿a5￿red al 8Thwyti8ed cost the off8ctiv8 IntWe8t nwthod. Flnancial liab11it1•8 d8rec()3nlse¢l th• chwws (*thLtsI Obl*at1￿ explre or are db#ch8rg•d cancelled. 1.10 Tu•tlon Tho ccrfn￿rry 1$ a thèrity and 18 as such by HM Revenug & Cu8trAn8 undor the charity tax relerence XT24141. A8 a re8uIt. there 16 rn lia￿lty to tsxatirm on any of its inc4>Th. 1.11 Employ•• b•n•ffts The co81 of any unused holklay entillem•nl is r•Cogni￿1 in t￿ in whkh thb Jord￿$ •f• Tomiinal￿n ￿ne￿6 are rec4)gni8•d Im￿dIate￿ 85 8n expense tho tharity 1$ demonstrabty commlttad to lemlnatè thè em￿0Yr￿nt ol an employee or lo to￿1n01￿ bgn8flts. Crltkal *ccountlng Mtlmltss and Judfpm•nts In th• 8FWlc8tth of th• ch#riVs 8LxyyffiIINJ thé Trust￿8 we requlr•d ￿ m•ka juopttmènts, eslimoles and assumpt￿￿$ abcyjt the e8rryirKJ amtyjnl of awts and Ilats'lilles that are not readity apparent from other sour¢os. The estimates and ass(Kk4ted assumptK>ns are based on historic81 experience and othèr fac¢ors that ore con8ideTod lo be relevant. AcbJ81 resutts may dthr from these estim8tOS. The ostimatss undetyng a58umpt*rn are revlth¥ed on ￿ orwJoing basis. Roviwi$ to acc#)unllng ostimates are recognised in the peric*J in which the esb'male is revised where Ihe fevi$ion affects only that peric*J, or in the ￿lIcAl01 thè reviswi and fulwe PWK*J$ where Ihg revis*)n affeds cuffont and future peric*Js. Gr•nts and donatla Unr••trlcted Unrestridod fund• funds gol￿ra1 genèral 2022 2021 Donations a￿1 gffts Income roceivoblo CORE aclr¥ryt 166.661 152.590 167.661 152.55X) 12- WATERSIDE THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2022 Gr•nts and don•tlon• (Contlnu•d) Donatk*n• and g1ft• WatersKle Credit Union Grnnt• r•c•l¥•bl• for cor• *ctMtI•• Arts Council Nl DCSDC ISPS Liwnited Arts Council Covid R0e0￿ry 124, 124,384 11.770 11)I..I 11.817 16,389 30,507 186.661 152.5 Charlt•bl• Kllvlti 2022 1021 P8rf0rn8nrn relatèd grants Ancillary trading incom• Charitablè rontsl inco Other income 31.673 37.099 15,02# 1408} 89.985 (2.2401 2,387 16251 83.393 89,507 Analysis by furrfl Unrestricted funds- general Reslrfcted funds 51.720 31,673 {4781 89.985 83.393 89,507 P•rf0MMn￿ rnl•t•d gr•rt• ACNI DCSDC AOP Interg¢ml*)nal HMRC Job Retention Schwne CFNI Communty Arts Communty Fund 34.841 3.449 5.499 30.316 22,762 8,911 7,920 2,960 31,673 89.985 13- WATERSIDE THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Ch•fttabl• •ctMII•• 2022 2021 D8predatbn 8nd lry)girmwrt Wages and sala￿$ Programmo costs Artisls. costs PublishiThJ and rnorketing costs M8mber F986 Bar and galknry oxls 9,626 8.911 32.036 16,642 3,581 203 7,282 30.316 38,333 4,024 1,234 Ily) T2.039 81,289 Share of support tosts18￿ nots 61 Sharè of govemance costs1809 rK)le 61 143.200 6.518 117,406 8.485 222,357 207.180 An•1￿1$ ty lund Unrestrfcted fund8 - g8nèr81 Unrestricted funds. desW•d Reslncle(I funds 173.610 7.800 40,947 131.734 6,797 68,649 222.357 207.180 Support C￿** Support Gov•m•nc• co•ts co•t• 2021 eo•ts Staff c06ts Staff costs Premises co8ts Administralw c¥>sts Bank charges SurKiry costs 75.008 75,008 44,773 44,T13 1.244 39.757 1.323 39.757 1.323 922 193 Audit f88s Legal and professional Insurance cost8 2.788 2,500 2,539 2.539 3,730 143,200 6.518 149.718 117.406 8.485 125.891 AnalyEed befv4een CharIta￿e activilies 143.200 6.518 149.718 117,406 8.485 125,891 Govemance costs inclLvJe$ pa￿nts to ￿ auditcffs of£2.788 (2021. £2.51X)) for audit fees. 14- WATERSIDE THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2022 Employ••s Thè a￿ra￿ monthty numb8r of duflng year wa8: 2022 Numb•r 2021 Numb•r Employm•nt costs 2022 2021 Wag8s and s8Lqrie8 M327 75.1))8 T*nglbl• flx•d •M•ts FlxtuM• •nd ffttINJ• Cost At 1 WI 2021 Addltlons 153.392 11.129 Al 31 Marth 2022 164,521 D•pr•cl•tlon and Imp•lmMnt At 1 April 2021 Deprnu8tion chaiged in thè y 120,465 9,626 At 31 Marth 2022 130,091 Carylnq amount At 31 March 2022 34.430 At 31 March 2021 32.927 D•btorn 2022 2021 Amounts falllng du• wlthln on• y••r. Tr8de debto Other debtors Prepayments and 8ccnxd incLvne 604 53.196 8282 7,969 14,277 728 62.082 22.974 15- WATERSIDE THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 10 Cr•dltovs: amounts f*lllng T*lthln on• >wr 2022 2021 tsxation and 8odal 6ecu Trade creditors Ac(wals and deferred inurn (1011 3,487 3,948 3.025 8366 10,460 16- zzt ii¥uJ(fz E EZZGts UUtBouSLLOOUU V<QiUVU<< .8 E E I I I I I 3QJ IL2 rfLL