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 ael￿nts havè bean weparnd in a(zc*tsnr* vAth th& *L¥yJnb"r¥J set out in rK)te 1 to the accounts and
comply vhth th& chaiiV8 wveming d￿urn•nt. th8 COmpan￿S Act 2￿)6 'At￿￿ntfrng and Reporb'ng by
Charitiès.. Statement of ReC￿mmende<l Pr*b"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&t￿1ly.
Our Vl*lon
W• aim to Pla￿ tho arts at the Iwrt of L￿￿Jcrf￿$ rag81￿￿kn. 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 staten￿nI 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 8xc8118￿1 In All Ihat we do.
. Serve thè whole communlty. indudlThJ wrffi#t•d art8 &kn￿r& 88
our knyal aud￿nces.
. 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 art￿ts and 8ncc¥Jrage ory'nal conln'bul*yffj 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 champ￿￿S charyi.
Be culluralty inc4usive as weN as wci81ty indussvti.
. Have a F*)SitNe irnpa¢t on peopl•'s alb1￿10$, &xWtions and unde￿t￿l¥J. ctsnmunlty wcleds,
outreach progr8mme$ arKJ tdh fom)al aNI infomHI education *r*k.
Help people expkye and dtrvekw culiLw81 uThJerstsndwu.
. Provide tho bgst P055ible customer swvice, beC￿se krrtV4¥ that our •xlierK•'$ •XPg(ath8 are hhah
and rising Ihat we must meel Iheir needs comr*te effectivety th oth¢r tylbjrgl and leisure
Th8 Truslees llave pJKJ due rrfard to tsswl by th• Char6ty in d8￿d￿lj 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 tr98tsY*nt of dur1￿ the Cowid ￿d￿MIe, Vl*•rsKIts
Theatre only re￿ne￿ ftN cin•ma ￿¥￿15 May 2021 a￿1 w85 not p8rnitled to reopen for live the8tr8
rfo￿￿8r￿ until Sept•mb&r 2021. Tlwlv)ut th￿ timg, wgre ftxcgd to Im￿eM￿nI sw&1 distsncing m88surgs
of I metre b8hvean aud￿ m8mb8r grouF6, whth r￿U¢•0 ¢)ur CWY by aFprox. 70% from 372 to 100-120.
This enabled u8 to wn som8 small ov•nts. final p*loMWn￿ for cwr C￿M￿￿ty 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 $¢altr tourlng kWC#Ju¢Jons
requir¥ audien￿ ol around 80% to Ixeak even. wnrMrvJ those events under the 1 ￿Kaal distancing ru
Wa￿.1 and so we ha(1 to F#)sIFone many of Ihese events unbl all restrictsr￿ wero eased and not
¢omm•ne• prco3f8mming unb"l F¢bwèry 2022. Grven all the i88ues we fxed during th¢& year we were pleased
lo r•¢ord 8udK*n¢es of o¥•r 132(Ki •lttrndiTha tyjr prr4r8mrne 01114 Chikj￿,$ theatre, drama. darKe, mu8iC,
ms(Jy 8nd T￿rn gv¢nls.
So¢l8I dlstsncing Bnd Covid ￿$tr￿￿On$ also ¢ontinuod lo 8ffecl our c￿m￿r￿ty woiects. However, Watsrsidè
Theatre's te8m ag8in thwr creatity and innovatw throughwl the year to deliver 214 *￿rkShopS vAth over
5,6C*J p8rb'¢ip8nt 8es8ions in wsual hrt. creative wrritirwJ. drama, darKe. mux and mov•ff*nt for children, youn9
people, ohyer people, those from ethnK grwps and pa￿e 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 ￿￿tr￿Cts ond grtsnt¢b Dnd
0% ITOM d￿#t￿n$, fundra￿k¥j 8ctlth. Tolal expondrturn w8$ £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$ de*natsd kn natur• and roBtrictod.
R•MrvM Polky
to Iin8ncLg1 affneurn•$ Whth Crf rt8 emp*1￿ c•paW, UBern'wdbt•ing WKI g8norn1 dwntabl
*x*rk 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 • wrK*J ol unlwe88en drffKulty. Free reserves are dellned by the
Tru8t•es 08 unr•strthd incc*rn 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 0xpc￿rn 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, I￿lI￿ated 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• u*ng modem techrokw lo delNer our work O￿lne and
blend it ￿1h facfrtOTrface actwibes. Wè wll contin￿ to trxpand our wolk in the community to prowde acceBS to
tsc11￿e8 and 3er¥ices so young pecple from ethnlc mlrvxfjty backgr￿ndS. ycwrwj pgtsF4tr from 8fv8s of disa<lv8ntagtr.
pgopltr with di$8bilFtio$ ekjety, can der￿￿ the sc*ial, heatth 8Th1 ertlucational th8t ¢om¥ from
erffiJ8gerr￿1 in the arts.

WATERSIDE THEATRE COMPANY LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUEDI
FOR THE YEAR ENDED 31 AIARCH 2022
Stru¢ture. 00￿MIne• and m•n•pm•nt
Gov•rnlng d￿UMent
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 CoM￿nY was estsblish
urvjer 8 M9morandum OfAsS￿allon wh￿h establthed Ihe otielts and of the company. and ￿ gtsvgmod by
ts Arti¢bs ol AS￿atKIn. 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 cCrfnp￿y bair4J I￿￿nd up.
tho dale of svJnalure of th& finwthl $t&t•m•nts ww•:
MS EJ Barbel
MrB M Mulhem
Mrs B Sievenaon
Mr 8 Dowd811
Mr8 J McMa8tor
M8 M K•ys
R•ctulkn•nt •+)d •ppolntm•nt ofth• Tr￿t•
Ur￿¥r tho f•quir•m8nts ol the MemorandLJm ond ArW8s of Assc*Jakn un188s othew*tse ttot•rniln•d by th8
company in G•n•ral Me•tirvJ the rwmber ol Truslees shall Th)t b• Iw Ihan fv•. Trusteos Bre elect￿ lo on
Lintii thts n•*t Anni￿1 f*Mw¥•I At Ihay lh￿ b• •hty'blo lor wknclknn.
In the fina￿181 yw nthv Trusltts wert apwntsd re41￿Y. Th• Both a8 a w•$ •Fpro¥•d by
tho AGM and conlinues to IT￿lIty 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
pr￿*duM hatrt btran •btaL4loI￿d 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•d￿r•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•pOn￿L40 for the
$tr8t¥gie dir8cdon and pc4*y of thfr lyga￿s01k*). The Tr￿1￿ we fr¢xTh a ¥8t*ty of F￿01¢￿81 backgroun
robvant to Ihè work of th• chanty.
I m￿nbern of the Board of Tn￿lee9 lkn& vc4untsrfty arKI r•¢•h* rK* bonth fr￿n 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 F*e 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 d￿torS ol Waterrith Tlwtr• Cfyiyy Limsknj ts the puwpw of company ￿.
ora rèsponsible fof p￿parirrfj Ihe Trustees. Report finarKx81 ststombnts in actordance aWrable Lgw
Unitsd Accounbw SlaNlwds (Uniled GorwauyA¢c8p￿ ACC￿nting Practic•l.
Company Law requir88 Ihe Trustses to prepare fin•n¢ial strt￿ts 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 Ch￿￿ble c<Knpany fr* that ￿r.
In prepar￿ t￿$0 fln8bK401 $tst•n*nts. Trttst•￿ arn ￿q￿l•d to..
. obs•w the methrxlB and winople8 In thB SORP..
dL*closed and ¢W8ln•d In th• flngndo18t8t•ments: and
I￿11 conun￿ In oporotknn.
Tho Trusts•s gfg responsib￿ for koeiMThJ ad•4uata ac0)￿tir￿j rncordB th81 di￿10 Wth ffjè6on8blo accuracy 41
ny tlm& th• financlol r•)sllknn ol and •nabl8 th8m to onsure thal the lknarKlal stslements ccrfn￿Y wrth t
Comp8nl88 Acl 2006. They are d80 rns$￿)n￿ble for $8feguwdlr4J the a8sets ol thè charfty 8ThJ for taklThJ
a8on8bl8 st￿5 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 St￿￿nS0n
Thi•l••