WATERSIDE THEATRE COMPANY LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT)" FOR THE YEAR ENDED 31 AIARCH 2022 Tho TruBtees pr880nt trdr Annual r8rxNi aNI frnncid 8tatwwts th& yw 31 Marth 2022. Tho aelnts havè bean weparnd in a(zctsnr vAth th& L¥yJnb"r¥J set out in rK)te 1 to the accounts and comply vhth th& chaiiV8 wveming durn•nt. th8 COmpanS Act 2)6 'Atntfrng and Reporb'ng by Charitiès.. Statement of ReCmmende<l Prb"cè awIcab io chanties pr8parin9 Ihw'r in accord8rKe wtth Ihè Fln8ndal R•porb'rvJ 8pplkobl& m th• UK and Rapubhc Irel#nd IFRS 1021 l•ff•ctive l January 20151" Obl•ctl¥M •nd •¢tlvlll•s Our Vbtslon. Mls•lon •nd Valu W8torsid& Theatre Company Limitsd 8rts bal ol pgrfomwrnx. 8dLThIiLKwI w)d ctrnurdty d•velopm8nl activty peopl• of •ll 098$ •rrfl abdibo8, Impactiw WKI I•ty t1¥ul IroL•ndlUK •nd IntWn&t1ly. Our Vllon W• aim to Pla tho arts at the Iwrt of LJcrf$ rag81kn. We are corMNtW lo ¢hgll•nge, to innovallDn aThY to grtyrth as wch have • ¥trèt•gi¢ rol• os a k•y lIty ol UK'$ most dynamk dll8s. Th• vision ofwaterside Theatre Company is.. o wi¥ld• on• ofNorth•m Ir•l•nd'• l••dlw ¢•ntr¥• lor th• rt" Our MIMlon Wat•ide Theatre Ccmpany Llmtted has •JoO•d lolNlry statennI In acwdwi wlth A8 alm8, obl8ci+vas and consulutbnal stalu5.' Ouf V•lu•• l our work is drlvtsn by c¢ ¢orn ¥8lu&s.' Achl#ve artlstk quolty 8xc81181 In All Ihat we do. . Serve thè whole communlty. indudlThJ wrffi#t•d art8 &knr& 88 our knyal audnces. . Offer equal OPFKJrlunth¥ kn 411 to bon•fft from What hav• lo offw. Have gr links kt811y wrth all groups in the communty, reaching peoFIg IhrtswJh off-Srt• work a8 well a through venue t)8s•d th, meeting the ne of many dfvrent interest group$ and dlfferenl age groups. Have exciiomont 8nd energy. experiment and be inrK¢vate, wrilliThJ to lake risks. . Giv& pr8dl¥on•rs th• opWtUnit and the cYoJmstancgB in th¥ii wof•sslcThl can dgvek)p. . Nurturè artts and 8ncc¥Jrage ory'nal conln'bulyffj lo of thglr artlorms. PIvTTwl¥ # bivwJUI vf bullui#l faryt¥ aThJ . Oeveknp conlemFK)r8ry and int•m8tional links. as b8fft8 ouWd WINJ o)mp9ny ¥thlch ihinkB drfferenlly, embraces eVdUl •rKJ champS charyi. Be culluralty inc4usive as weN as wci81ty indussvti. . Have a F)SitNe irnpa¢t on peopl•'s alb110$, &xWtions and undetl¥J. ctsnmunlty wcleds, outreach progr8mme$ arKJ tdh fom)al aNI infomHI education rk. Help people expkye and dtrvekw culiLw81 uThJerstsndwu. . Provide tho bgst P055ible customer swvice, beCse krrtV4¥ that our •xlierK•'$ •XPg(ath8 are hhah and rising Ihat we must meel Iheir needs comrte effectivety th oth¢r tylbjrgl and leisure Th8 Truslees llave pJKJ due rrfard to tsswl by th• Char6ty in d8dlj V•lwt acbvlbes th chafity shwld undertake.
WATERSIDE THEATRE COMPANY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2022 Achl•v•rn•nts •nd p•rform•nc• Due to orvJoiThJ Issues caused by the go¥8mm•rfs tr98tsYnt of dur1 the Cowid dMIe, Vl•rsKIts Theatre only rene ftN cin•ma ¥15 May 2021 a1 w85 not p8rnitled to reopen for live the8tr8 rfo8r until Sept•mb&r 2021. Tlwlv)ut th timg, wgre ftxcgd to ImeMnI sw&1 distsncing m88surgs of I metre b8hvean aud m8mb8r grouF6, whth rU¢•0 ¢)ur CWY by aFprox. 70% from 372 to 100-120. This enabled u8 to wn som8 small ov•nts. final ploMWn for cwr CMty 8rt8 prc49cts that wo delivered in partnership a faro8 of statutw. comrtxmity, oJllur81 and h•ahh •ThJ wtrlf8ro tyg•nisatK>ns that benefit those rrK>sl dw(fvanlag8d in souety. BLrt 8$ nM¥1¢181 •v•nts. pgrti¢uWy $¢altr tourlng kWC#Ju¢Jons requir¥ audien ol around 80% to Ixeak even. wnrMrvJ those events under the 1 Kaal distancing ru Wa.1 and so we ha(1 to F#)sIFone many of Ihese events unbl all restrictsr wero eased and not ¢omm•ne• prco3f8mming unb"l F¢bwèry 2022. Grven all the i88ues we fxed during th¢& year we were pleased lo r•¢ord 8udKn¢es of o¥•r 132(Ki •lttrndiTha tyjr prr4r8mrne 01114 Chikj,$ theatre, drama. darKe, mu8iC, ms(Jy 8nd Trn gv¢nls. So¢l8I dlstsncing Bnd Covid $trOn$ also ¢ontinuod lo 8ffecl our cmrty woiects. However, Watsrsidè Theatre's te8m ag8in thwr creatity and innovatw throughwl the year to deliver 214 rkShopS vAth over 5,6CJ p8rb'¢ip8nt 8es8ions in wsual hrt. creative wrritirwJ. drama, darKe. mux and mov•ffnt for children, youn9 people, ohyer people, those from ethnK grwps and pae with a di8atx'lty. Work8hop8 were a blend of l&ctrtrlace and online Fln•ncthl r•vl•w Totsl St)oom6 lor tho yoor woo t261,064 olwhkryh tspproxlmtstoly 100% wtsts gofiorotod from trCts ond grtsnt¢b Dnd 0% ITOM d#tn$, fundrak¥j 8ctlth. Tolal expondrturn w8$ £222,357. lm of Ihls wa8 èxpnded on dlrocl charitgble acbviO•8. Tho balance on totsl fvnd8 at lh& ywr-•nd £154,301 of whlch £130,791 wa# unreslricted in naturo. £23.510 w8$ denatsd kn natur• and roBtrictod. R•MrvM Polky to Iin8ncLg1 affneurn•$ Whth Crf rt8 emp1 c•paW, UBern'wdbt•ing WKI g8norn1 dwntabl xrk in1oop8rly. Th& Trnstw hav• •x8mln•d Ihe WLrfrrnts fDr reser¥Ys in INJht ol the maln rtBks to the (xganlsathin and &stsblish•d a fomwl Wicy %¥hich stipulates thal fre8 reserves be mainlainod at a which en8uros thgt th• chariV8 ttJr• actiwity couhJ ¢ontinue • wrKJ ol unlwe88en drffKulty. Free reserves are dellned by the Tru8t•es 08 unr•strthd inccrn luThJ8 fr••ty •vailabkn low use as the tharity so determine6 aThJ thereby exdudoB any furKls comrThtted, invested In fL¥•d aswts h•hJ by t r••trktsd or d•8ignat•d funds. .1,: The Trusle88 have assessed the mw d8ks to ththkh •xpo8•d. and 88tsfiod that 8y8tem8 are In pkne to mitigate 0xpcrn to tho riBk8. Plans lor futur• p•rlod8 thv futur• The threat of Covid wll be ¥wth us for som• cfjn8id•r•bh tinx to ¢¥>M. WW reluctsrte 1h1n eorne groups to reorrfJage, particularly the eldety 8TrY th he8lth issues, $0 we wll continue to explore ways to provid& OPF)rtunities ftx all our dlizens to poth'pale in fun, cre8tive. edwatwl expeiiences in safe, nurturirrfJ settir4Js, IlIated by 8rlists and ctrygnw Ihe hvjhesl repur81. We wll (xjntinue to offer year. Tound activty lor th)se most in n8•d. which wll invc4v• ung modem techrokw lo delNer our work Olne and blend it 1h facfrtOTrface actwibes. Wè wll contin to trxpand our wolk in the community to prowde acceBS to tsc11e8 and 3er¥ices so young pecple from ethnlc mlrvxfjty backgrndS. ycwrwj pgtsF4tr from 8fv8s of disa<lv8ntagtr. pgopltr with di$8bilFtio$ ekjety, can der the scial, heatth 8Th1 ertlucational th8t ¢om¥ from erffiJ8gerr1 in the arts.
WATERSIDE THEATRE COMPANY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUEDI FOR THE YEAR ENDED 31 AIARCH 2022 Stru¢ture. 00MIne• and m•n•pm•nt Gov•rnlng dUMent WaleTside Theatre Company Limitsd is a corrpany limrted by guarantee ond x¢opknJ as charitable by HMRC under referen XT 24141. The company was irwpyaled on 141h 2010. The CoMnY was estsblish urvjer 8 M9morandum OfAsSallon whh establthed Ihe otielts and of the company. and gtsvgmod by ts Arti¢bs ol ASatKIn. The liat¥lity of be1& limited in that ov•ry m•mbw of the c(Mrwny undertakns to ¢ontr6but• gn amcyjnt nol exc•edThJ £1 in ts e¥ent of IM cCrfnpy bair4J Ind up. tho dale of svJnalure of th& finwthl $t&t•m•nts ww•: MS EJ Barbel MrB M Mulhem Mrs B Sievenaon Mr 8 Dowd811 Mr8 J McMa8tor M8 M K•ys R•ctulkn•nt •+)d •ppolntm•nt ofth• Trt• Ur¥r tho f•quir•m8nts ol the MemorandLJm ond ArW8s of AsscJakn un188s othewtse ttot•rniln•d by th8 company in G•n•ral Me•tirvJ the rwmber ol Truslees shall Th)t b• Iw Ihan fv•. Trusteos Bre elect lo on Lintii thts n•t Anni1 fMw¥•I At Ihay lh b• •hty'blo lor wknclknn. In the fina181 yw nthv Trusltts wert apwntsd re41Y. Th• Both a8 a w•$ •Fpro¥•d by tho AGM and conlinues to ITlIty its m•mb•rshy. Rl•k Man•q•m•nt Tho TNslegs 8f• 8war• ol th• rf•ks to lh• (• * •X•S. Vthorn wr•rtgt•. $yBtem# or prduM hatrt btran •btaL4loId to m•t• ts ri•k• th• th•rity la•. Int•m•l contrd ri8k• minlmljed through the pmc•durn8 for auihNi8ation of ill tr8n&8ctiM #r mo¢18. Pro¢¢duM arn in plpKe to ensu ¢omplianc• th applicable laws regulatio. Thole e•dr•S are mith¥ed pth)dlealy to •n8ufe that thèy continue to meet the needs of Ihe cl)arity. Org•nl••tSon 8tructw• The 8oard of Trustees c¢rffjhts of •ix fjdMY the L•. The TnJMtse# Arn rO•pOnL40 for the $tr8t¥gie dir8cdon and pc4y of thfr lygas01k). The Tr1 we fr¢xTh a ¥8tty of F01¢81 backgroun robvant to Ihè work of th• chanty. I mnbern of the Board of Tnlee9 lkn& vc4untsrfty arKI r•¢•h rK bonth frn the dwrmy. kny •xp•ns•8 redaSmed from tho charity awe 8et J1 in thtr rth8 lo the finwoal $tst•monts. A sch•m• of d81ogalhJn bB In Fe ar*J resmiblty fty wo¥l8bJi of r•st8 wlth lh8 Chief Execu¥0 Offlcèr, who Is for lh• doy to dgy op8rnUon81 manwTwnt crfth• charlty.
WATERSIDE THEATRE COMPANY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 St•t•rn•nt of Trust•. r•#ponslbll•ti The Truste&s, who are also the dtorS ol Waterrith Tlwtr• Cfyiyy Limsknj ts the puwpw of company . ora rèsponsible fof pparirrfj Ihe Trustees. Report finarKx81 ststombnts in actordance aWrable Lgw Unitsd Accounbw SlaNlwds (Uniled GorwauyA¢c8p ACCnting Practic•l. Company Law requir88 Ihe Trustses to prepare fin•n¢ial strtts for och finanual y&ar gfve a Iniè and falr vi&w of the 8ts18 ol affails of Ihe ¢h8rity 8nd of the inCg)Mi r•sourc•$ and aPF4icabon of restyJrceB, induding th¢ 4r and expeThJllure, ofthe Chble c<Knpany fr that r. In prepar t$0 fln8bK401 $tst•nnts. Trttst• arn ql•d to.. . obs•w the methrxlB and winople8 In thB SORP.. dLclosed and ¢W8ln•d In th• flngndo18t8t•ments: and I11 conun In oporotknn. Tho Trusts•s gfg responsib for koeiMThJ ad•4uata ac0)tirj rncordB th81 di10 Wth ffjè6on8blo accuracy 41 ny tlm& th• financlol r•)sllknn ol and •nabl8 th8m to onsure thal the lknarKlal stslements ccrfnY wrth t Comp8nl88 Acl 2006. They are d80 rns$)nble for $8feguwdlr4J the a8sets ol thè charfty 8ThJ for taklThJ a8on8bl8 st5 ts Ihg prgvgnuon 8r¥J 0gt•(kn olfrawj ond Other iryLdoriti8s. Tho Tru#1. r•wl w*¢ apwov•d by lh• 80•rt1 ol Trusl•••. Mrs B StnS0n Thi•l••