kknnaghKel Company Reglstratlon Number: N1071673 Charlty Reglstration Number: NIC105810 Theatre and Dance NI (Formerly Theatre Nl) (Charitable Company Limited by Guarantee) Annual Report and Unaudited Financial Statements For the year ended 31 March 2023 Theatre and Dance Nl COMPANIES HOUSE 2 I DEC 2023 BELFAST Mil JCIU2L2P• 2111212023 COMPANIES HOUSE JNI
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re nd Dance NI haritable Com an ee CONTENTS For the ear ended 31 March 2023 Page Gerberal Information Directors, Report 3-18 Independent Examiner's Report 19 Statement of Financial Activities 20 Statement of Financial Position 21-22 Statement of Cash Flows 23 Notes to the Financial Statements 24-34
and Dance Nl Charitable Com Llml edb ran ee GENERAL INFORMATION Board of Directors L Rossington R Lavery (resigned 6th July 2023) C Murray C O'Dwyer (res5gned 9th November 2022) S Picken (resigned 3nl November 2022) C Campbell (resigned 6th July 2022) N Griffin (resigned 9th November 2022) L Harley K Jeffrey A Knight (reslgned 6th July 2023) F Mellor Company Secretary N Flanagan Company Registration Number N1071673 Charity Reglstration Number NIC105810 Reglstered Office Crescent Arts Centre 2-4 University Road Belfast Co Antrim BT7 INH Independent Examoners CavanaghKelly Chartered Accountants 36-38 Northland Row Dungannon Co Tyrone BT71 6AP Bankers Ulster Bank 91193 Universlty Road Belfast Co Antrim BT7 IN8 Cavana9hKelly• Chartered Accountants & Statutory Auditors Page 2
The re Dance N haritable Com an Limi b Guarantee DIRECTORS. REPORT for the ear ended 31 March 2023 On behalf of Theatre & Dance NI, it is my pleasure to psent to you our Annual Report. Our primary objectives in our third year following the merger between Theatre Nl and Dance Resource Base (DRB) we. to continue to connect, develop, represent, and champion the theatre, dance and performin9 arts sectors. to support and champion all our members, and to work with our partners to advocate for a thriving theatre, dance and performin9 arts ecology in Nl and beyond. As a key stakeholder in one of Northern Ireland's vital industries, it is our job to not only consolidate the work we have achieved during our first two years post-merger but also to strategically develop our role both within the arts sector and beyond to the wider ecology of Northern Ireland, GB and internationally. Despite the sector being In an increasingly fragile position following the outworking of the pandemic and a continued precarious funding environment, our priority through the year was to continue to support all our members, but partlcularly, our freelance and Independent artists who continued to need our voice and support, as they navtgated this challengin9 and uncertain environment. Theatre and Dance Nl have continued to consult with and listen to the sector to ensure we can serve theatre and dance at a strategic level. We have collectively championed the outstanding work of Northern Ireland's dance and theatre community, both here at home and internationally. We have contlnued our work wlth others in the broader arts sector as part of the Culture, Art5 and Heritage Recovery Taskforce, to advocate for increased public Investment In the arts at a time when the sector is still suffering from the effects of the pandemic and lack of investment. The success stories that can be seen through Our expanded programme of attivities show what can be achieved when the arts sector works together to build stronger relationships with Individuals, other organisations, and key government departments. This is further testament to the absolute dedication and hard work of our Executlve Director, Niamh Flanagan, and the entlre staff team that have supported her through the year. Thanks, must also go to my fellow Board Members for their support and guidance throughout 2022/23 and I look forward to working with you all in 23124 to further develop and strengthen the Board in preparation for the implementation of the new strategy. would also like to acknowledge the strong support the sector receives from our principal funders the Arts Council of Northern Ireland and Belfast City Council, Future Screens NI (Head Grant, DFC) and Blueprint (Arts & Business Nl) as well as British Council Nl, the Foyle, and Halifax Foundations all of whom understand that a vibrant and risk-taking sector needs enduring support. Finally, thanks to our members for your continued engagement and the work that you do. We are extremely proud to work on yours and our industry's behalf. We respect and value this incredibly important work and its contribution to our society. Louise Rossington Chairperson TONI CavanaghKellyi Chartered Accountants & Statutory Auditor5 Page 3
Theatre and Dance Charitable Com an Limited b Guarantee DIRECTORS. REPORT for the ear ended 31 March 2023 Continued Introduction by Executive Director l am delighted to reflect on the work of Theatre and Dan NI (TDNI) in this report for 2022123. The year was extremely difficult as we operated in a post pandemic environment, facing additional chaos and challenges with the outworking's of Brexit, soaring energy costs, inflation, a cost-of- living crisis, and the continued absence of a government at Stormont. Despite all the above difficulties, our small stèff team rose to the challenges and Successfully delivered services, training, support, and resources to all our members. Members and their families remained able to access free counselling support through our Member Assistance Programme (MAP). We strengthened this support by providing additional physical activity sessions and delivering certified Mental Health First Aid training. Our sulte of high level, professional training and bursary programmes prov5de opportunities for artists to connect and build relationships with other artists and organisations locally, nationallyi and internationally. We are particularly proud to have partnered wlth two Internationally renowned choreographers. Akram Khan and his company, and our own Oona Doherty, to deliver dance intensives at the l¥iAC in August 2022 and February 2023 respectively. We were thrilled to be able to provide this level of industry training and to have visiting dancers join us from across the globe. Significant further Investment from Belfast City Councll (BCC) and the Foyle Foundation along with an allocation from our annual ACNI funding allowed us to finally roll out the pilot INVEST initiative to seven Nl artists. Developed by TDNI following member feedback and research (2017), this bespoke programme provided selected artists with financial support, rbetworking, and one- to-one mentoring with major Industry professlonals to develop their practlce and become the next generation of leaders In our sector. We delivered the fourth iteration of our Spotlight on Theatre & Dance from Northern Iland programme at the Edinburgh Festlval Frlnge (EFF) where our creators engaged directly with natlonal and international programmers In the world's biggest arts marketplace, Desplte unlocklng new tourlng opportunltles for some artists and companies in natlonal and International markets, the full potential of this prograrnme remains unreallsed. We remain committed to the delivery of this despite the serious financial and other barriers remaining. Given the strong interest and demonstrable support for work from NI In global markets, we contlnued to lobby for further investment, outlined in our report Showcasing and touring opportunltles at the Edinburgh Festivals and beyond for Northern Ireland based creatives. (see page 9) Advocating for our members and broader sector rernained a key component of our endeavours In the year. We contlnued our role as Secretariat to the All-Party Group {APG) chalred by Mlke Nesbitt, ML4. Along with sector colleagues including ACNI. we delivered a hard-hitting cost of living paper and presentations to MLAS, DFC, and in a meeting with the Permanent Secretary, Calum Boyle. Together. with evidence and data gathered from the sector we demonstrated how reduced incomes and increased expenses have led to further financial precarity and hardship, hurting both our organisations and our individual artlsts and Is having serious implications for mental health, forcing many of our highly educated and skilled workforce to leave in search of work elsewhere. We are very proud to have been CO partners with universlty and arts sector colleagues on the delivery of two significant sectoral all-island research publicatlons - Building Capacity for Cultural Industries.. Towards a shad-Island Approach for Dantr and Theatre and Dance Counts and Dance Conversations. See pa9e 15. CavanaghKelly• Chartered Accountants & Statutory Auditors Page 4
table C d b Guara ee DIRECTORS, REPORT for ear ended 31 March 2023 Contlnued When the Taskforce reconvened in November, we worked tlrelessly with our members and colleagues across the Culture Arts & Heritage (CAH) sectors to support the delivery of a new Nl wide strategy as recommended in the first report of the Covid Recovery Taskforce. We attended numerous taskforce meetings, facilitated five focus groups, and produced the feedback from these into a detailed document which was delivered to the DFC strategy lead, Stephen McGowan, and officials in the Culture Unit. The conslstent message from all our contributors was that policy makers across government need to value, recognise and reirbvest in our industry and the people whose work fuels employment, our growing creative industries, drives our tourism offering, and contributes to our wellbeing, and communities. Thanks to support from NICVA and through the Arts & Business Nl Blueprlnt programme we attended governance training, carried out a Board review, skills and motivational audit and began developlng a succession plan to strengthen our governance. Additionally, we began work on reviewing our strategy and finaiising the new plan for 2023-2027. Thls report shows that 202212023 was another year of extraordlnary work by the TDNI small team, and Board. Thank you to present and past Trustees and to our team comprising Gall McGarvey, Molly Rose Street; and Nik Parks and Sarah English who Joined us during the year. Thanks also to Hayley McBride. Key to our delivery and success In the year are the many strong and imaginatlve relatlonships and partnershlps we have established and nurtured. We were able to achleve so much rnore by worklng wlth others, so a heartfelt thanks to everyone, particularly our members, partners, and stakeholders. We will continue to work wlth and for you with continued motivation, determination, and resolve. Flnally, we are very grateful to our princlpal funder ACNI for all thelr support, and to Belfast Clty Council Culture Vnlt, Future Screens Nl (Head Grant, DFC), British Councll NI, the Foyle and HalSfax Foundations, and Arts & Buslness NI for your investment and support through the Blueprint programme. Niamh Flanagan Executive Director CavanaghKelly, Chartered Accountants & Statutory Auditors Page 5
eatre Charitable Com ceNI an Iml b Guaran ee DIRECTORS, REPORT for the ear ended 31 March 2023 Continued The Dirertors present their report and the financial statements for the year ended 31 March 2023. The financial staternents have been prepared in accordance with the Statement of Recommended Practice "Accounting and Reporting by Charities" (SORP) (FRS 102) and the Companies Act 2006. Principal Activity The principal activity of the Company, for the year ended 31 March 2023, was supporting, advocating for and developing theatre and dance in Northern Ireland. Theatre & Dance Nl is the representative body and resource organisatlon to lead, support, develop and advocate for theatre and dance in Northern Iland. TDNI support a network of over 222 individuals and organisation5 working across a range of contexts and disciplines with the aim of creating a vlbrant and healthy theatre and dance sector by supporting members development, collaboration, and participation, leading, and advocating with them. Reference and Administration Details The reference and administration details of the charitable company are as shown on page 2. strurture, Governance and Management Legal Structure Theatre & Dance Nl is a Company Limited by Guarantee and does not have a share capltal. Theatre Nl (TNI) was originally set up in 2009 as the 'Ulster Association of Youth Drama, {UAYD). The Company changed its name from UAYD to TNI on 20 April 2015 followin9 a merger with the Northern Ireland Theatre Associatlon (NITA). It Is governed by the Memorandum and Articles of Association. Theatre Nl was recognised as a Charity by the Charity Commission for Northern Ireland on 2 March 2017 Reference Nurnber NIC105810. Dance Resource Base was merged wlth TNI on 241h April 2020 to form Theatre & Dance Nl. Governance & Management Theatre & Dance Nl is governed by a Board of Directors. Directors are responsible for the Company's assets and liabilities, setting policies and strategic plans, and for overseeing and ensurlng the appropriate implementation and monitoring of the Company's policies, aims and objertives. The day-to-day runnlng of the Company is delegated to the Executive Director. Staff & Team Niamh Flanagan, Executive Director Gail McGarvey, Deputy Director Molly Rose Street, Project Development Officer Nlk Parkes (July- November 2022) Assoclate Staff Team Hayley McBride, Finance Officer Sarah English, Communications and Engagement Officer (from December 2022) CavanaghKellyi Chartered Accountants & Statutory Auditors Page 6
Theatre and Dan eNI an Llmlted b Guarantee DIRECTORS. REPORT for the ear ended 31 March 2023 Continued Recruitment and Appointment of Directors The following information relates to the recruitment and appointment of Directors for the organisation in the year ended 31 March 2023. Unless otherwise determlned by ordlnary resolutlon, the number of Directors should not be more than 12 nor less than 3. At the first Annual General Meeting of the Company, and at every subsequent one, one-third of the Directors should retire from office, or if their number is not three or a multiple of three, then the number nearest one-third shall ret1. The Directors to retire In every year should be those who have been longest In office since their last election, but as between persons who became Directors on the same day those to retire should (unless they otherwise agreed among themselves) be determined by lot. A director who retires in accordance wlth thls Article, If willing to act, shall be ellgible for reappointment at the annual general meetlng for a further term of three years, subject to Article 41 and an Internal revlew process. The maximum period a dlrector can senie Is slx consecutive years. The Memorandum and Articles of Assoclatlon provlded Directors with the power to co-opt new Directors. Induction & Trainin9 of New Dlrectors New Directors receive information outlining thelr roles & responsibllltles, the Strateglc Plan, Minutes from the last 3 meetings of the Director.s, and the most recent accounting report, During 2022/23, the Directors monltored the progress of the Company's activltles against its aims and objectives, timescale, and budget. Sub-commSttees meet as requlred to further Indlvldual areas of work. Sub.commlttees report back thelr findlngs and recommendatlons to the full board, Durlng 202212023 the Directors met 5 tlmes on the lollowlng dates: Board Meetings 23rd May 2022 12th September 2022 5th December 2022 15th February 2023 23rd March 2023 HR & Flnance Sub Committee 23rd May 2022 12th Sept 2022 27th October 2022 28th November 2022 15th February 2023 13th March 2023 The Annual General Meeting of Theatre and Dance Nl was held on 5th December 2022. A Board Development Day took place on 1st June 2022 facilitated by Denise Copeland, NICVA followed by a strategy review day on 23rd March 2023. CavanaghKellyR Chartered Accountants & Statutory Auditors Page 7
Thea re haritable Com ceN Limited b Guara DIRECTORS, REPORT for the ear ended 31 March 2023 Continued Risk Management The Directors are committed to meeting the highest standards of governance and best practlce across the work of the Company. During the year organisational, governance and HR policies were discussed under 'Govemance' at board meetings, ensuring existing policies were still relevant and up to date and to establish whether the introduction of any new policies was required. Objectives. Activltles, Achievements and Perforniance The Mission, Vision and Values of the Company are as follows: Mission To champion, support, and be the voice of Northern Irish theatre and dance in Northern Ireland, and abroad. Vision Our vision is of a healthy, animated society, where people want to live, work and visit, thriving with excellent theatre and dance opportunities for all to participate in and experience, delivered professionally by artists and arts workers who are valued and supported to 4Jevelop. Summary of Activities Theatre & Dance Nl strategic objectives focus on supporting development, connectlngi and advocating for the Northern Ireland theatre. dance and performing arts sector. TDNI achieves its alms through the delivery of information services, networking meetings and professional skills development, training, and bursary programrnes. We deliver major sector initiatives including INVEST (a professional development training, bursary & mentoring programme for individual artists) and the Northem Ireland Spotlight on Theatre and Dance at the Edinburgh Fringe Festival (platforming works from Northern Ireland at the world's blggest marketplace for UK, Irish & Internatlonal touring which supports artists to have more sustainable incomes & careers). At our core is dedicated support for our members through our Membership Assistance Programme, which provides essential confidential counselling and wellbeing support services. Governance Goal 4.1.. Bulld an excellent organlsation whlch Is effectlvely governed and delivers all aspects of Its work to the highest standard. Denise Copeland, Governance & Chairty Advice Manager, NICVA facilitated a post-merger review and governance development day to include future plannlng. defining Board roles and responsibillties in June 2022. A skill, motivational and diversity audit were subsequently conducted, and Board succession plan developed with support from both NICVA and Niamh Goggin (Blueprint rnentor) to identify additional skills sets needed, to plan and recruit new Board members providing business continuity and stability through the organisation's continued transition. The HR/Finance committee was retained. Policies were regularly reviewed, to ensure compliance with the relevant laws, gUlations, and voluntary codes. Develop Goal 2.. Develop professlonal standards and foster excellence by identlfying and addressing the needs of the theatre, dance and performlng arts sector, Goal 2. 1: Nurture, encourage, support and insplre those within the sector and us to strive for excellence. CavanaghKellyi Chartered Accountants & Statutory Auditors Page 8
heatre and Dance Ch ee DIRECTORS. REPORT for he ear ended 31 March 2023 Continued TDNI delivered a series of training and professional development throughout 2022123. The structure and content of the rnasterclasses were developed in consultation with TDNI members through member surrfeys and evaluatlon of prevlous projects. Masterclass serles Contracts and Contract Negotiation with Independent Theatre Council ( ITC), 14th September 2022. HMRC and Tax Return for Freelance Artists with Clarke & Co., 25UI November 2022. Social Content and Creation for the Individual led by A5hlelgh Watson, Copper Square Social Media Trainlng, 20th March 2023. Artists as Agents for Change led by TDNI and Stephen Atkinson, 21st March 2023. The Art of the Pitch led by Brona Whittaker, Arts and Business NI, 21st March 2023. Festivals and 8ursaries session led by Richard wakelyi Belfast International Arts Festival (BIAF), 2151 March 2023. We dellvered a serles of dance masterclass workshops In partnership with BIAF, Ortober 2022 which induded: Youth daTrce workshops with: Shayma Shoukary, a multldisclplinary artlst, in choreography, performance and vldeo arts and co-founder and artistic director of Dayer for Artistic Productions, Egypt, at St Louise's Comprehensive College, 141h October 2022 Vincent Challiet, Principal Dancer, Paris Opera Ballet at Hlgh Polnt Ballet School, 23rd October 2022. Professional Dance workshop & dialogue sessions: Rlham Issac, a multS-disciplinary video, muslc, and dance artlst, Palestine, 18th October 2022. Industry Dialogue.. a facilitated conversatlon Cultural Leadership.. Now and into the Future with guest speakers Ivoe Souller, Director, Centre for Dance, Angers and Fionnuala Kennedyi Nl independent director and theatre maker, 20th October 2022. Spotlight on Theatre & Dance from Northern Ireland at Edinburgh Fringe & Belfast Internatlonal Arts Festlval Theatre & Dance Nl contlnued to lead on the dellvery of the Spotllght on Theat & Dance from Northern Ireland at the Edinburgh Fringe Festlval In August 2023 to highllght and promote theatre and dance from Northern Ireland to UK, Irlsh and International industry delegates. The work of TDNI on this initiative is supported by a working group made up of representatives from Arts Council of Northern Ireland, 8ritish Council Nl, and Belfast International Arts Festival. Work from Northern Ireland proflled as part of the Spotloght programme at the Frlnge in 22123 Included: Billy Boy by Rosemary Jenkinson. Produced by Eastside Arts. In the Name of the Son by Richard O'Rawe & Martin Lynch. Produced by Green Shoot Productions. 81rds of Passage In the Half Light by Kat Woods. Produced by Tinderbox Theatre Company. Myra s Story by Brlan Foster. Produced by Brian Foster. Two Fingers Up by Seon Simpson and Gina Donnelly. Produced by SkelpieLimrner Earth To Alice by Alice Mccullough. CavanaghKelly• Chartered Accountants & Statutory Audltors Page 9
Theatre and Dance Ch -table Co an Limited b Guar ee DIRECTORS. REPORT for the ear ended 31 March 2023 Continued Creating Safer Spaces We developed and strengthened our Creating Safer Spaces programme and were delighted that Irish Theatre Institute, supported delivery of face-to-face Intimacy on Set awareness raising workshops with Ita O'Brien in a continued partnership with. Irish Theatre Instltute (m) supported further delivery of face-to-face Intimacy on Set awareness raising workshops in Dublin with Ita O'Brien. TDNI engaged in ongoing discussions with ITI to plan in the longer-term, for a partnership to address these issues on a shared island basis. Theatre and Dance Nl staff attended Tackling 8ullying and Harassment at Work by Screen Ireland and Keeping Children and Adults Safe: Safeguarding Tralning delivered by Youth Action and Volunteer Now. Health & Wellbeing TDNI'S Member Asslstance Programme (MAP) enables our individual and smaller organisational members and their families to access professional counselling across the island including a 24-hour telephone support line, and an online chat feature available seven days a week, including up to six one-hour confidential counselling sessions if required. A total of 7 members accessed the service during 2022123. Throughout the wlnter months and into Spring, we delivered 5 Mental Health and Wellbeing sessions supported by Belfast City Council. Activities Included archeryi team building, mindful meditation, and somatic movement sessions. During this perlod Theatre and Dance Nl also supported over 120 Indivldua15 and organisatlons through one-to-one meetings, phone calls, advice sharing and slgnposting. We delivered Mental Health First Aid training to two staff and 8 artists in the sector with Andrea Cairns Consultancy. Blueprint TDNI were accepted onto the Arts and Buslness Nl {ABNI) Blueprlnt In January 2021 completlng the first stage of the programme in lune 2022. Following a successful pitch outlining how we would begin to diversify our organlsational income. we were accepted on to stage 2 in September 2022 with significant flnancial investment received in February 2023. Blueprint is a ploneerlng 5-year flnanclal growth programme, dellvered by Arts and Business NJ, enabling small to medlum-sized cultural organisations in Northern Ireland to take a more long- term approach to income generatlon, and to strengthen organisational financlal sustainabllity. Through the programme, we received excellent one to one Mentoring sesslons and support on govemance, sustainability and dlversifying income from Niamh Goggin, Director of Small Change and a consultant on strategyi soclal investmenti governance, and impact MeaSUrnent. We attended many excellent sessions including 8uilding Financial Sustainability with Helen McKenna and Niamh Goggin. Purpose Driven Governance with our Chair delivered by Ann Orr; and Leading for Change with management consultant Dorothy McKee. Niamh Goggin also facilitated an excellent day on finance and Building Change Capital, while Phelim Sharwin, Community Flnance Ireland, shared learning on Social finance wlthin the context of developlng diverse income streams and building resilience regarding changes in the financial and funding landscape. CavanaghKellyi Chartered Accountants & Statutory Auditors Page 10
Theatre and Dance Nl able Com Llmlted b Guarantee DIRECTORS, REPORT for the ear ended 31 March 2023 Cont•nued Bursaries Awarded TDNI bursaries enable our members to engage in research and'go see. other artists. work, access training, share knowledge and foster initial conversations which are often a catalyst for relationships to develop over the years, building foundations for collaboration. IETM Bursaries - Supported four Belfast-based artists to attend a weeklong IETM Campus in Berlin - supported by Belfast City Council (BCC). Dublin Theatre Festlval Bursaries 2. Dublin Fringe Bursaries 4. Archa Divadlo, Prague 3 * awarded for summer intensive documentary theatre. Akram Khan Summer Intensive * 9. TDNI INVEST programme * 7. TDNI supported 29 bursaries in 2022/2023 totaling £47,300 investment in freelance and Individual artists. Sector Training Akram Khan (AKC) Sumrner dance Intensive, 15th 20th August was delivered in partnership with the MAC and AKC, 10 dance artists from the island of Ireland {6¥N1 & 4 ROI) were selected to take part. Other attendees came from Mongolia, Australia, Canada. Iceland, India, Israel, Italy, Germany, Malta, the Netherlands, UK, and the USA. The intensive included daily technique classes, movement exploratlon, industry conversations with participants, and evening networking sesslons. The In Conversatlon event, wlth Akrarn Khan and Associate, dance artist, teacher, and choreographer MavSn Khoo, shared Akram's Journey Into dance, hls creative processes, and discussed the importance of nurturing new talent in the international dance ecosystem. The training for our younger dancers during this week was delivered by Joy Alpuerto Ritter, a Berlin based dancer/choreographer. Oona Dohertyi Intemational Irish Choreographer delivered a two-day dance intensive in collaboration with the MAC on the 17th and 18th February 2023. We welcomed local dancers as well as those from Scotland (partnershlp wlth the Work Room), Spaln, Ireland (partnershlp wlth Dublln Oance Festlval and Dance Ireland), France and Belglum. INVEST TONI'S professional development, mentorlng and bursary programme was launched in September 2022. International producer, Steven Atkinson was contracted as the Project Delivery Consultant followlng a tender process. Recruitment opened for participants in December 2022; 42 applications were received and we awarded 7 bursaries to local artists with a value of É29,000. Between January and July 2023, the artlsts took part in an Inductlon sesslon wlth Steve and the TDNI team, a serles of one-to-one professional mentoring meetings to identify suitable mentors, a two-day residential which included training in Business to the Arts.. The Art of the Pitch, How Festival Commissions work, Navigating and Building a Profiile on Social Media. Artists as Agents of Change and mental health, and well-being sessions. The industry international level mentors identified and contracted to mentor the participants Included Launce Cooke (Radio 4), Dannielle 'Rhimes' Lecointe (ZooNation), Dr Tanya Dean (Conservatoire of the Technological University Dublin), Alex Tumer (Deafinitely Theatre), Plppa Hill (Royal Shakespeare Company's Head of Literary and Dramatur9y), Louise Richards (Motion House), and Padraig Cusack (Cusack Projects Limited). CavanaghKelly• Chartered Accountants & Statutory Auditors Page 11
heatre and D Charitable Com ceNI an Limi arante IRECTORS, REPORT for the ear ended 31 March 2023 Continued Connect Goal 1.1 Lead and support a well-connected, collaborative theatre, dance and perforrning arts sector. Goal 1.2 Support the development of collaborations and partnerships through networking opportunities. Goal 1.3 Nurture and lead strong partnerships wlthin the theatre and dance sector, with other national and international dance development agencies and across different agencles of all levels of government, Goal 1.4 Champion diverse means of engagement for all whether as creators, participants, or audience members. In supporting this goal, TDNI worked with a wide range of stakeholders: TDNI organised a Recruitment Fair in May 2022 in partnership with Crescent Arts Centre {CAC), Thrlve & other sector partners to support recruitment of new employees Into the sector through the "Artworks" scheme. Art Work is an implementation of Recommendation 4 Talent Acquisltion, Retentlon and Development Pmgramme from Tlje Art of Recovery Survive.. Stabilise.. Strengthen, the report of the Culture, Arts and Heritage Recovery Taskforce, 202 1. The Department for Communities (DFC) appointed Future Screens Nl (FSNI) in partnership with Arts Council NI to deliver this programme to organisations specifically within the arts sector. The objective of this Covid Recovery - Employment and Skills Initiative is to provide support for individuals to enter the Arts, Creative Industries, Sport, Heritage, Voluntary and Community sectors in Northern Ireland where job roles have been impacted by the pandemic, to enhance their Job prospects and sklll sets, and in doing so strengthen the organisations and sectors. 120 artists in the theatre and dance sector supported directly by TDNI. 915 freelance artists attended TDNI training and workshop events in 2022123. TDNI employed 28 artists during this time. TDNI were a core research partner with University College Dublin (UCD) and Queens University Belfast (QU8) and other partners which led to the publication of Building Capacity for Cultural Industrles.. Towards a Shared-lsland Approach for Dance and Theatre In January 2023. (see below for further information). 3 * industry events were organised to support this Shared Island research programme. Contlnued regular engagement with UK partners and stakeholders through the UK Theatre Network, National Dance Network, UK Natlonal Dance Network Steering Group, One Dance UK. Arts and cultu on a Shared Island as part of the Irish Government's Shared Island Initiative, with representatives from arts and culture stakeholders from across the island. Advancing Dance launch, Dublin, Arts Councll Ireland dance policy. Theatres Trust Theatres Flt for the Future conference and asslstance with curatlon of Northern Ire5and presenters. TONI staff attended theatre opening nights Including at Lyric (Big Man), the MAC (Dinner with Groucho), Craic Theatre (Daughters of Roisin), Open Arts dance (Weaving Threads), Lyric (Propaganda). Lyric (Revved), Lyric (Snow Queen), the MAC (Cinderella). 17 events at BIAF, Feile & East Belfast festivals, events at Belfast Childrens Festival, Romeo and Juliette, Lyric Theatre. Department of Foreign Affairs, Autumn Reception MA Culture and Management showcase QUB. Equity soclal event, Dockers Club, TDNI staff team. Arts & Buslness Nl Governance Conference. IBEC/CBI Creative Economy Presentation, Dundalk with Theatre Forum. Launch of Brain Friel Archive, QUB. Derry City & Strabane District Council in the re-established Creatlve Arts Network, aimed at supporting connecting creatives from the arts and film session in Derry/Northwest. CavanaghKellyi Chartered Accountants & Statutory Auditors Page 12
Charltab eco Limited b rantee DIRECTORS, REPORT for the ear ended 31 M rch 2023 Continued Tinderbox Rage Against the Machine - Theatre and Dance Nl presented to Rage A9alnst the Machine participants about artist empowerment and sector support. Bruiser Graduate Lab Theatre and Dance Nl presented to Bruiser Grad Lab participants about artist empowerment and member/sector support. Information Services We continued to provlde tlmely, relevant, sector speofic information and resources to mernbers nd the wider sector through the company website, social media channels and through the dissemination of a monthly e-zlne. We supported over 120 one-to-one support meetings with practitloners and companies. Across the year, we held 26 events with 915 participants attending. Audlence growth was up by 300/0 on Instagram, 6.S% on Facebook, 1.50/0 on Twitter. Our website attracted 20, 114 users with 51,453 page views. The number of subscribers who opened the E- Zlne from April 2022 - March 2023 was 4,022 wlth an average open percentage of 54Q/o. A¢¢essibility & Jncluslon In the Arts Theatre and Dance Nl managed and organised the provislon of: Captioning for two separate events during BIAF, with 198 attendees. Supported audio description of Oona Doherty's Navy Blue at the MAC - IncludSng tralnlng with professional dance audio descrlber, Julla Grundyi 8irmingham Rep & Vocallze. TDNI worked wlth Replay Theatre Company to support thelr efforts to Increase accessiblllty to theatre by providing captioning to all their productions showcasing at the Belfast Children's Festival, March 2023. TDNI supported 23 or9anisationslvenues to deliver captioning in 2022123. Theatre and Dance Nl's captionlng equipment hire is a vital service, allowlng those who are d/Deaf and hard of hearing to be able to enjoy the theatre as well as being beneflclal for chlldren and people where English Is their second language. TDNI worked wlth Universlty of Atypical and Arts and Dlsablllty Ireland (ADI), to explore how to support and Increase accessibility an(J incluslon across the island of Ireland and ensure better use and access to captioning & other equlpment. Advocate Goal 3.1 Be the voice for the membershlp and wlder sector to promote thelr value and Impart. Goal 3.2 Increase awareness of the benefits of theatre, dance and performing arts to pollcymakers and funders. In supportlng thls goal, TDNI engaged wSth a Wide range of Stakeholders Includlng: DFC, ACNI & Inspire on development of the taskforce recommendatlon 5 on mental health and wellbeing. UK Theatre Network, which 15 convened by Jon Morgan, Director of Theatres Trust. TDNI was one of the promotional partners with the Trust on their annual conference which took place in London, September 2022. TDNI'S ED supported the conference curators to ensure Nl was rePsented where P.J. O, Relllyi Art15tlc Dlrector, Tinderbox, presented on Theatre in Place Making. ACNI to deliver an onllne focus group In September 2022 whlch was part of the scoplng study for Building Capacity for Cultural Industries." Towards a Shared-lsland Appmach for Dance and Theatre research. Our members including freelance workers, producers, and company managers shared their experiences and concerns regarding the impact of Brexit and the Northern Ireland protocol. on our freelance artists, on collaboratlon and tourlng declslons. networking and residency opportunltles, logistics (set movements I technlcal supports), the recruitment of international artlsts and funding availability. Cavan3ghKellyi Chartered Accountants & Ststutory Auditors Page 13
Thea re Dance Nl Charitabl Com Llmlted Guarantee DIRECTORS, REPORT for the ear ended 31 March 2023 Continued Equity Nl Committee at their event in Derry, Guildhall on the protection of rates of pay & good practice in employing artists and supporting their Show Racism the Red Card Day. Policy Evidence Centre (PEC) and DFC, Enhancing Job Quality in Jvorthern Ireland's Creative Industries roundtable. PEC provide independent research and policy recommendations for the UK'S creative industries. Supported by DFC, the roundtable was convened to inform the development of principles for work quality, which is underway in Northern Ireland, as part of PEC'S Good Work Review. This AHRC funded review was published in January 2023 and identified 4 strategic prioritie5, 16 recommendations, calling on industry backed by government in each UK nation to make clear their commitment to advance Good Work for all creative workers and to develop connected roadmaps for improving job quality across the industries. ACNI CEO, Roisin McDonough and Chalr, Llam Hannaway undertook sectoral meetings whlch enabled us and our sector colleagues to feed back on the challenge5 and issues faced as we emerged from the pandemic, and to highlight again the impact of rising inflation, the cost-of- living crisis, and the years of under investment, ACNI updated partlcipants on the approach to the development of their new S-year strategy. TDNI facilitated focus groups with Alison Mccrudden, Head of Llterature & Drarna, ACNE wlth freelancer members on the proposed establishment of a Deliberative Forum for Theatre and Dance freelancers. Work also began with Javier Stanziola, Strategic Development and Partnerships, ACNI in March 2023 to support the facilitation of ACNI'S Consultation on development of its 2024-29 strategy. Reconvened Taskforce The Covid Recovery Taskforce convened by the Department of Communities (Dfc) in May 2022 helped to shape the emergency responses to the COVID-19 pandemic. The report of this recovery taskforce, Culture, Arts and Heritage.. A Way Forward, contained a series of recommendations to support the sector in the interim but also called for development of a longer term overarchlng strategic approach to strengthen and grow the sectors. Along with other stakeholders from across the Culture Arts and Heritage (CAH) sector, TDNI'S Executive Director welcomed the invitation to sit on the reconvened taskforce to support the creation of a new co-designed CAH strategy for Northem Ireland. Work began in November 2022 and TDNI worked extensively to ensure as many volces as posslble from our sector were heard In the consultations. We organised and facilitated five separate focus groups in March with freelancers, independent artists, production companies, and venues, both In-person and online and delivered the findings in a major report to the DFC strategy group. Work contlnued well Into the new flnanclal year with the alm of producing a draft vlslon and strategy by spring 2023. We remain committed to ensuring that this hard work by the TDNI team, taskforce and TDNI members will secure and advance a 'whole of government. approach, enabling the Impact and importsnce of our sectors to be fully realised, and our workforce and people to be fully valued and better sUPPOrted. Consultation on the development of an all Island dance company TDNI were delighted to participate in the An Chomhairle Ealaion/Arts Council Ireland extensive consultation on the development of a new all-Ireland Dance Company. We engaged along with our members, and jointly with Dance Ireland wlth both Nigel Hlnds and Teresa Beattie from Festivals and Events International (FEI). FEE were contracted to develop the feasiblllty study and plan which will help inform the establishment of a new full-tlme dance company, as recommended by Arts Council Ireland's Dance Policy 2022 - Advancing Dance. CavanaghKelly• Chartered Accountants & Statutory Auditors Page 14
Theatre and Dance Nl itable an L5m ed b Guarante DIRECTORS. REPORT for the ear ended 31 March 2023 Continued The new company will be an independent full-time island wi(Je dance company which is cornmitted to the employment of dancers, the commissioning of new work. dance production at larger and smaller scales, as well as national, north/south, international touring, and outreach work. Thi5 development is an extremely important initiative in supporting the development of dance on this island. We were delighted to ensure that this development was noted and included in the recommendations of the Convened Taskforce. All-Party Group on Arts The Arts All Party Group (APG) was reestablished and re constituted on 22nd July 2022 by invitation of Mike Nesbitt, MLA. A sector meeting was organised on the cost-of-living crisis on 5th September 2022, which was then followed by the first full cross-party meeting (hybrid) In Stormont on the 4th of October 2022, The meeting included presentations by venues & freelancers on the impact of rising energy costs, and inflation. TDNI, working in partnership with members, Venues Forum, and some Arts Collaboration Network colleagues (ACN ) produced a pa per: How the cost-of-living crisis is impacting on the arts sector in Nl. This paper was presented to the Arts Council of Northern Ireland, the APG. DFC and other stakeholders. TDNI, Thrive, A&BNI, ACNE & Circusful met with Permanent Secretaryi DFC, Calum Boyle accompanied by Mike Nesbitt, MLA in February 2023 to reinforce the messaging around the impact of this crisis on our artists, or9anisations. and entire ecosystem and to lobby collaboratively against any further cuts to the arts budget. Green Arts As part of the Green Arts Collectlve led by Claire Murray, TDNI Vlce Chair and Head of Development and Marketing Lyric Theatre, TDNI organlsed training with Paddy Dillon, Architect and Theatre Green Book. This was delivered to members and the wider sector induding venues from across Northern Ireland. TDNI also supported communications on the Green Book through connecting our members to this free resource and guidance for sustainable theatre. We are grateful to our colleagues and partners from the UK Theatre Network including Theatres Trust, A8BT and Paddy Dlllon for the opportunity they provided to ensure that Nl's voice was included throughout the development of this resource. We remained committed to our engagement with them, Theatre Forum and Creative Carbon Scotland who are exploring ways to coordlnate and connect the roll out of Information regarding green arts across the two islands. es Building Capacity for the Cultural Industries: Towards a Shared-Island Approach for Dance and Theatre TDNI were one of the key core research partners in this important study led by Dr Victoria Durrer, UCD, in partnership with Dr Aoife McGrath, QiJB, and other stakeholders from across Ireland. I Building Capacity for the Cultural Industries.. Towards a Shared-Island Appmach for Dance and Theatre was published In January 2023 following major engagement and networking wlth the sector across the island. The work also involved a literature revièw and data audit as well as series of workshops, focus groups, and interviews. Representatives from ACNI. Dance Ireland, Oylan Qulnn Dance Theatre, Cavan Countv Council Arts Office, British Council Ireland, and Arts Council Ireland l An Chomhairle Ealaion with Dr Emma McAlister supporting the work as Research Assistant. The report was supported by Irish Research Council throueh Shared Island funding. Cavana9hKelly, Chartered Ac¢ountants & Statutory Auditors Page Is
re Charitabl dDan arante DIRECTORS. REPORT for the ear ended 3 March 2023 Contlnued The core group worked closely to collate and explore existing and new data on the extent to which professional theatre and dance currently operates with an all-island approach and what might enable or hinder the nurturing of shared-lsland ties. The research clearly showed the importance and interconnected nature of the industry, and the growing recognltion of the all-island ecology in the arts. Furthermore, the research highlighted how Brexit and the pandemic have posed Strategic challenge5 to its sustainability, outlining the negative consequences on the livelihoods of a highly mobile workforce, cultural tourism, and for wider international and intercultural relations. This research has been Incredibly Important in terms of shaping how we might explore the existing and potentlal ways professional theatre and dance might connect on a shared-island basis. Current circumstances present enormous challenges and opportunities for shared development but this requires strategic policy responses, investment, more cohesive thinking, and engagement. The final report was delivered to the Department of the Taoiseach's Shared Island Unit, with widespread dissemlnation through various platforms and events to share the research findSn9S. Showcasing and touring opportunities at the Edinburgh Festivals and beyond for Northern Ireland Based Creatlves report. Theatre and Dance Nl led on commissSoning and producing Showcasing and Touring Opportunltles at the Edinburgh Festlvals and Beyond for Northern Ireland Based Creatives in late Spring 2022. The report was submltted to ACNI & BCNI, and an onllne psentatIon was delivered In May 2022. The report proposed options for the development of performing arts showcase opportunities at Edinburgh Festivals and the potential for Nl based theatre and dance makers to access international markets. Moving forward, five Interrelated areas were Identified for resourclng.. direct flnancing to artists to be on a par with other showcasing models, financing to showcase artists/companies speciflcally for the creation of digital assets to support the onward tourlng potentlal, an artlst development programrne to support producerslartlsts to attend the Edinburgh Festivals for a five-day period, to see work and network2 Showcase development: with the aim of havlng sl9nlficant Nl representation at leading overseas arts events and at home by enabling Nl's own leading arts festivals to Invlte International programmers to see local work In a local context. Thls would crucially Include strengthenlng the networks between international arts programmers and NI artists by financing the ablllty for international practitloners to attend events in Nl such as Belfast International Arts Festlval, Cathedral Quarter Arts Festlval, Out to Lunch, Outburst and Echo Echo International. Administration: delivering a showcase programme that is open to applications from artists needs at least three dedicated staff: a director for strategy and management, an administrator for processlng, and a marketer / engagement lead. Along wlth fees for consultants offerlng professional services in marketing and PR, fees for independent programming selectors, and overheads, this represents a total cost in the reglon of £IOO,000 per year. At the time of wrltlngl TDNI a working dlligently to Increase investment to enable NI artists to present high-quallty, tour ready work at the Edinburgh Festivals as a launch pad Into the wider international festival sector as well as for increased investment to support TDNI'S work on this major project. With the right investment, these markets including the signlficant Irish diaspora udiences worldwide offer huge opportunitles to be exploited. l This objective had been acbieved with the launch of th¢ 'F¢llowship Programme. by TDNI for the August 2023 Edinburgh F¢s1ivals. CavanaghKelly. Chartered Accountants & Statutory Audltors Page 16
The tre and Dance NI ecom Iml Guar DIRECTORS. REPORT for he ear ended 31 March 2023 Continued Dance Conversations & Dance Counts The Dance Counts and Dance Conversations report was completed in partnership viith Dance Ireland, and academics from QUB, UCD and University of Liverpool. The report examined the living and working conditions of dance artists throughout the island of Ireland. The findings from this research were shared in October 2022 building further awareness and understanding of the dance sector in Ireland. This work follows on from the work done at the Co-motion Dance Conference, which took place in Belfast in October 2019 and emerged out of a strategic effort on the part of Dance Ireland and TDNI In partnership with academic researcher5, to build the knowledge base on the conditions and developmental needs of dance across the island of Ireland. The Future of Cross Border Co-operation in the Arts Along with other sector colleagues from across the island, TDNI attended The Futtjre of Cmss- Border Cooperation in the Arts - What Next? symposium which presented findings from both The Future of Cross Border Co-operation in the Arts, & the Building Capacity for Cultural Industries." Towards Shared-Island Approach for Dance and Theatre research. Chaired by Eugene Downes, Cultural Director, Department of Foreign Affairs, this event wa5 a further opportunity to disserninate the findings of these two Important research documents and to continue to make the case for stronger all-island ties and investment in this important ecology. Flnanclal Review Financial Performance The financial performance was in line with the Board of Director's expectations. The charitable company remain5 in a sound financial position at the year end. The results for the year are set out in details on pages 20 to 34. Net incoming resources for the year were £46,639 (2022 net Incomlng resources of £24,598). At 31 March 2023, the total funds of the.charity amounted to £122,596 (2022.. £75,957) comprising restricted funds of £63,893 (2022: £41,051), unrestricted funds of £23,703 (2022: £34,906) and designated funds of £35,000 {2022: Nil). This represents fe reserves of £23,207 whSch represents 3 months unrestricted expenditure {2022: £34,906 - 3 months). Prlnclpal sources of funding and how thls has supported the key objettives of the charltable company are disclosed in the notes to the financial statements. Reserves Policy The charitable cornpany malntains a formal reserves pollcy and the Board of D1CtorS contlnue to monitor the level of reserves held by the charitable company and are actively taking steps to increase the reserves In order to meet any unforeseen expenditure Incurred. During the year, the charity rnade a transfer of £35,000 from unrestricted reserves to designated fund in order to comply with its reserves pollcy as detailed in section 2.7. Dirertors The Directors during the year are the same as the Directors as listed on page 2. Taxation Status The charitable company is recognised as a charlty by HM Revenue & Customs. Accordingly, the charitable company has availed of the exemptions contalned in Chapter 3 Part 11 Corporation Taxes Att 2010 and Section 256 Taxation of Chargeable Gains Act 1992. CavanaghKellyi Chartered Accountants & Statutory Auditors Page 17
Theatre and D nce NI IRE rch 2023 Contlnued Statement of Dlrectors. Responslblllties The Directors are responsible for preparing the financial statements in accordance with applicable law and Unlted Kingdom Accounting Standards (United Kingdorn Generally Accepted Accountin9 Practice). Company law requires the D1CtorS to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company and of the incoming resources and application of resources. includlng the income and expenditure, of the charitable company for that year. In preparing these financial statements the Directors are required to: select suitable accounting policies and apply thern consistently. observe the methods and principles in the Charities SORP (FRS 102); make judgements and estimates that are reasonable and prudent; state whether appllcable UK Accounting Standards have been followed, subject to any material departures disclosed and explained In the financial statements; and prepare the flnanclal statements on the going concern basi5 unles5 It is inappropriate to presume that the charitable company will continue in operation. The Directors are responsible for keeplng adequate accounting records that disclose with reasonable accuracy at any time the financlal position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other Irregularltles. Cavanagh Kelly were appolnted accountants for the years 2021 - 23 following an open tendering process. Cavanagh Kelly were appointed on 21st Aprll 2021. Small Companies exemption The above report has been prepared in accordance with the speclal provSslons relatlng to small companies Within Part 15 of the Companies Act 2006. This report was approved by the 8oard of Dlrectors on 41h December 2023 and sl9ned on its behalf by: Registered office: Crescent Arts Centre 2-4 Unlversity Road Belfast Co. Antrlm BT2 8SH L Rossington Chalrperson IA tl r:Nl 71673 n Number: NIC105810 harl Re I tratl Cavana9hKellyi Chartered Accountants & Statutory Auditors Page 18
Thea nd Dan Charitable C eNI Limited rantee INDEPENDENT EXAMINER'S REPORT to the members on the unaudited financia statements of Thea re and Dance NI for the ear ended 31 March 2023 We report on the financial statements of the company for the year ended 31 March 2023 which are set out on pages 20 to 34. Respective Responsibilities of Directors and Independent Examiner As the charitable company's Directors, who are the trustees for the purpose of charity law, you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. Having satisfied ourselves that the charitable company is not subject to audit under company law, and is eligible for independent examination, it is our responsibility to: examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008; follow the procedures laid down in the general Directions given by the Charity Commlssion for Northern Ireland under section 65(9){b) of the Charities Act (Northern Ireland) 2008; and state whether particular matters have come to our attention. Basls of Independent Examiner's Report We have examined your charitable company's financial statements as required under section 65 of the Charities Act (Northern Ireland) 2008 and our examination was carried out in accordance with the general directlons glven by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act (Northem Ireland) 2008. The examination Included a review of the accounting records kept by the charitable company and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as charitable company Directors concerning any such matters. Our role is to state whether any material matters have come to our attentlon giving us cause to believe: That accounting records were not kept in accordance with sectlon 386 of the Companles Act 2006, or That the accounts do not accord with those accounting cordS. or That the accounts do not comply with the accounting requirements of section 396 of the Companies Art 2006 and ?1th the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their account5 In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland; or That there Is fvrther Inforrnatlon needed for a proper understandlng of the accounts to be ached. Independent Exam•ner's Statement We have completed our examination and have no concerns in respect of the matters Ilsted above and, in connection with following the Dlrections of the Charity Commission for Northem Ireland, we have found no matters that require drawlng to your attention. CAVANAGHKELLY Chartered Accountants & Statutory Auditors 36-38 Northland Row Dungannon Co. Tyrone BT71 6AP Date: 4th December 2023 CavanaghKelly• Chartered Accountants & Statutory Auditors Page 19
IVITIE Vnrmtrlctéd R•strlct•d Fund• Fund• 2023 2023 Deilgrtattd Funds 2023 Total Unrestrlcted Funds 2022 Restdcted Funds 2022 Total Funds 2022 2023 INCOME AND ENDOWMENTS Charitable Actlvlties (Note 31 other Oonètlons TOTAL INCOME AND ENDOWMENTS 94,197 173,641 267,838 123,789 64,729 188,S18 173 641 26Y 838 123 789 188 518 RESOURCES EXPENDED Charltable Actlvltle5 (Noie 41 TOTAL RESOURCES expENDED 129 911 129 911 221 199 221 199 125 462 125 462 163 920 163 920 N•t Incomlng/(outgolng) rewurco* for th4 year 2,909 43,730 46,639 {1,673) 26,271 24,$98 Translers between lunds {14, 112} {20.8881 35,000 Balance brought forn•rd 34,906 41,051 75,957 36,579 14,780 51,359 Balanc• c•rrled forward 122 596 The Jbove Statement of Fln•nclal Actlvltles Includes all Inlormatlon J5 requlred to be d15closed by the Comp•nles A¢1 2006, All ol the Jctlvltles of the chJrltable company art classed a5 contlnulng. The Statement Df FinJn¢lal Artivltles Includes all galns and losses cognIsed durlng the year. The notes on pages 24 to 34 form an Integral part of the flnJndal statements. CavanaghKelly• Chartered Accountants & Statutory Audltors Page 20
Theatre and Dance NI able Com Limited b Guarantee STATEMENT OF FINANCIAL POSITION as at 31 March 2023 Note 2023 2022 Non-current Assets Intangible Assets Tangible Assets 10 11,254 14,899 Current Assets Debtor5 Cash and cash equivalents 11 19,682 111 681 131,363 9,276 76,167 Payables: Amounts falling due within in one year 12 (20,021) {15,109) Net current assets 111 342 Net Assets 122 596 REPRESENTED BY: Unrestricted funds Restricted funds Designated funds Total Funds 13 13 13 23,703 63,893 34,906 41,051 122 $96 The Directors, statements shown on the followlng page form part of this Statement of Financial Position. These financial statements have been prepared in accordance with the provisions applicable to small companles, regime within Part 15 of the Companles Act 2006. For the financlal year ended 31 March 2023 the company was entitled to exemption frorn audlt under section 477 of the Companles Act 2006. The Directors confirm that the members have not required the company to obtaln an audit of Its financial statements for the year In question in accordance with section 476 of the Companies Act 2006. The Directors acknowledge their responsibilitie5 for ensuring that the charitable company keeps accounting records which comply with Section 386; and for preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of the financial year and of its incoming or outgoing resources for the financial year in accordance with the requirements of sections 394 and 395 andhICh otherwise comply with the requirements of the Companies Act 2006 relating to financlal statements, so far as appllcable to the charltable company. CavanaghKelly• Chartered Accountants & Statutory Auditors Page 21
eand nce NI ecom Llmlted b Guarantee ENTOFF NCIAL POSITION as at 3 Inued The notes on pages 24 to 34 form an integral part of the financial statements. The flnancial statements were approved and authorised for issue by the Board of Directors on 4th December 2023 and slgned on their behalf by.. L Rossington Chairperson umb CavanaghKellyp Chartered Accountants & Statutory Auditors Page 22
STATEMENT OF CASH FLOWS For the ear ended 31 March 2023 2023 2022 Cash flows from operating activities Surplus for the year 46,639 24,598 Adjustments for: Depreciation and irnpairment of tangible fixed assets Amortisation and impairment of intangible assets 6,542 6,025 53,181 31.899 Movement5 in working capital: Movement in receivables Movement in payables (10,406) (494) (5,494) 2,623 Net cash generated from operatlng actlvities 47,687 34,522 Cash flows from Investing actlvltles Payments to acquire property, plant and equipment 6,448 Met increase In cash and cash equivalents 44,790 28.074 Cash and cash equivalents at beginning of financial year 66,891 38,817 Cash and cash equlvalents at end of flnancial year 111,681 66,891 Cash and cash equlvalents consist of: 2023 2022 Cash at bank and In hand 111,681 66.891 CavanaghKellyi Chartered Accountants & Statutory Auditors Page 23
Theatre an itable Da ceNI Limi d b Guara NOTES TO THE FINANCIAL STATEMENTS For the ear ended 31 March 2023 I. GENERAL INFORMATION Theatre and Dance Nl is a charitable company limited by guarantee incorporated in Northern Ireland. In the event of the charitable company being wound up, the liability in respect of the guarantee is limited to £1 per member of the charitable company. The address of the registered office is as shown on page 2. The charitable company constitutes a publlc benefit entity as defined by FRS 102. The financial statements are stated in £ sterling which is the functional currency of the charltable Company. 2. ACCOUNTING POLICIES The following accountlng pollcles have been applled conslstently in dealing wlth Items whlch are considered material in relation to the charitable cornpany's financial statements. 2.1 Statement of Compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charltes: Statement of Recommended Practice (SORP) appllcable to charlties preparing their fSnanclal statements in accordance wlth the Flnancial Reportlng Standard applicable In the UK and Republic of Ireland (FRS 102) effective l January 2019 (Second Edition), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Companies Act 2006. 2.2 Basls of Preparatlon The financial statements are PrePad on a going concern basis under the historical cost conventlon unless otherwise stated In the relevant accounting policy. Historical cost is generally based on the fair value of the consideration given in exchange for assets. 2.3 Income and Endowments (i) Charitable Activities Tncome from charitable activities includes income received under contract or where entitlement to grant funding is subject to specific performance conditions. It is recognised as earned as the related serrfices or goods are provided. Grant income is recognised In the Statement of Financial Activities when receivable. Grant income included In this category provides funding to support projects and is recognised where there Is entitlement, ccrtainty of receipt and the amount can be measured with sufficient reliability. CavanaghKeJly, Chartered Accountants & Statutory Auditors Page 24
Theatre ble NOTES TO THe FINANCIAL STATEMENTS ear ended Continued 2. ACCOUNTING POLICIES (Continued) 2.4 Income and Endowments (Continued) (ii) Donations and Legacies Donations and Legacy income include incoming resources from gifts, donations and grants and is recognised in full in the Statement of Financial Activities when receivable, Activities for generating funds are commercial actlvltles which are recognised a5 earned when the related goods and servlces are provided. Expenditure Expenditure is recognised when a liabllity is incurred. Contractual arrangements and performance related grants are recognised as goods and services are supplied, Where costs cannot be dlrectly attributed to a particular heading, they have been allocated to activities on a basi5 cons15tent with use of resources. Staff costs and overhead expenses are allocated to ctivities on the basls of staff time spent on those actlvities. (l) Charitable Actlvltles This cornprlses all the resources applled by the charitable company in undertaking its work to meet its charitable objectives. Charltable activities will include the costs of governance arrangements which relate to the general running of the charltable company. Fund Accounting The charitable company has two types of funds for which it is responsible at the year end: Unrestricted Funds - Funds whlch are expendable at the dlscretlon of the Directors In furtherance of the objectlves of the charltable company, In addltlon, funds may be held In order to flnance capltal Investment and worklng capltal. Restricted Funds - Monles received for 5peciflc purposes. Such purposes are within the overall aims of the charity. Reserves Reserves are needed to brldge the tlmlng gap between spending and recelvln9 of Income and to cover unplanned temporary shortfalls in income should they arise. Holdlng adequate reserves safeguards the provision of our servSce5 iri the event of unexperted Slgnificant financial pressures. The trustees consider that the ideal level of reseryes would be the months expenditure plus total liabilities at year end. CavanaghKellYr Chartered Accountants & Statutory Audltors Page 25
NOTES TO T FINA IAL STATEMENTS For the ear ended 31 March 2023 ed 2. ACCOUNTING POLICIES (Continued) 2.8 Property, Plant and Equipment and Depre¢iat•on Property, plant and equipment are initially recorded at cost. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs and borrowing costs capitalised. Depreciation Is provlded at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows: IT Equipment 200/0 on cost 2.9 Intangible fixed assets other than goodwill Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Intanglble assets acquired on business combinations are reco9nised separately from goodw511 at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rlghts; and the Intangible asset Is separately from the entity, Amortlsation is recognlsed so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis: Software 20010 on c05t 2.10 Taxatlon As a charity, the charltable company is not liable to Corporation Tax. 2.11 Cash and Cash Equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term hl9hly Ilquld Investments wlth original rnaturitles of three months or less and bank overdrafts. Bank overdrafts are shown wlthSn borrowlngs In current Ilabjlltles 2.12 Critical accountlng estimates and judgements In the application of the Charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying value of assets and liabilitles that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. CavanaghKellyi Chartered Accountants & Statutory Auditors Page 26
NOTES For the O THE FINANCIAL STATEMENTS ea nded 31 March 202 ontl 2. ACCOUNTING POLICIES (Continued) 2.12 Critical accounting estimates and judgements (continued) The estimates and underlying assumptions are reviewed on an ongoing basi5. Revisions to accounting estimates are recognised in the period in which the estimate is revised were the revision affects only that period, or in the period of the revision and future periods were the revision affects both current and future periods. Criticaljudgements in applying the entity s accounting policies There are no critical judgements in applying the company's accounting policies. Critical accounting estimates and assumptions There are no accounting estimates in applying the company's accounting policie5. 2.13 Financial Instruments (l) Flnancial assets Basic financial assets, including trade and other receivables, cash and bank balances and amounts owed by related parties and are initially recognised at transaction price, unless the arrangement constitutes a financlng transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carrled at amortlsed cost using the effectlve Interest method. At the end of each reporting perlod financial assets measured at amortlsed cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impaiment loss is recognised in profit or loss. If there Is decrease In the irnpalrment loss arising from an event occurring after the impalmient was recognlsed, the Impalrment Is reversed. The reversal is such that the current carrylng amount does not exceed what the carrylng amount would have been had the Impalrment not previously been recognised. The impalrment reversal is recognised in profit or loss. Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownershlp of the asset are transferred to another party or (c) despite having tsined some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing addltlonal restrlctSons, (li) Financial liablllties Basic financial liabilities, induding trade and other payables, bank loans and overdrafts and amounts owed to related parties are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of Interest. Debt instruments are subsequently carried at amortised cost, uslng the effective interest rate method. CavanaghKellyr Chartered Accountants & Statutory Auditors Page 27
NOTES TO THE FINANCIAL STATEMENTS For the ear ended 31 March 2023 Continued 2. ACCOUNTING POLICIES (Continued) 2.13 Flnancial Instruments (continued) Fees paid on the establishment of loan facilities are recognised as transaction costs of the loan to the extent that it is probable that some or all of the facility will be drawn down. In this case, the fee is deferred until the draw-down occurs. To the extent there is no evidence that it is probable that some or all of the facility will be drawn down, the fee is capitalised as a pre-payment for liquidity services and amortised over the period of the facility to which it relate5. Trade payables are obligatlons to pay for goods or services that have been acquired in the ordinary course of busirbess from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognlsed Inltlally at transaction price and subsequently measured at amortised cost using the effective interest method. Financial liabil•ties are derecognised when the liability is extlngulshed, that is when the contractual obligation is discharged, cancelled or expires, (111) Offsetting Financial assets and liabilities are offset, and the net amounts presented in the financial statements when the is a legally enforceable right to set off the recognised amounts and there is an intentlon to settle on a net basis or to realise the asset and settle the liabillty simultaneously. 2.14 Penslon and other post retlrement obligations The charity operate5 a defined contrlbutlon penslon scheme which Is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee sep4ice in the current or prior periods, Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for the Service, the excess Is recognlsed as a prepayment. 2.15 Employee Benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination beneflts. CavanaghKellyi Chartered Accountants & Statutory Auditors Pa9e 28
TATEMENT 3. INCOME AND ENDOWMEMTS Unr•strlrt•d Fund• 2023 R•strlcted Fund$ 2023 Totsl Funds 2023 Vnrestrlrted Fund$ 2022 Restrlcted Funds 2022 Total Funds 2022 Ch•rlt•bl¢ A¢tl¥ltle• Donations and glfts Grant Incorne Membershlp fees Earned Inciime Interest recelvable Tot41 Charltabl• Actlvltl•• 500 164,944 500 249,725 5,946 11,647 20 257,838 lQ,k50 106.878 4,481 2,280 10,150 158,087 4,481 15,800 84.781 5,946 3.450 20 94,197 51,209 ,197 13,520 173.641 12J,789 64,729 188,518 Vnr•$¢rl¢¢ed FuAd$ 2023 R••trld•d FuAds 2023 Tot•1 Funds 2023 Vnrestricted Funds 2022 Restrlcted Funds 2022 Total Funds 2022 Sr•nts r•¢•lv•ble fr)r eore 4¢tl¥ltl•• Arts Councll Nl - AFP Fundln9 Arts Council Nl - Capital Awbrd Arts Countll Nl - Other grants Trusts & FouThdatlon$ Arts And 8uslness Foyle Fovndation Future Screens Malifax Foundation Leche Trust Brltish Countll Belfast Clty Countll INVEST Belfast City Couneii iEfM Belfast city Council Small Grants Total graht$ rttel¥abl• 84,781 51,607 2,897 1,830 136,381 2.897 1,830 106,278 30,110 5,845 136,388 5,845 600 2,4SO 3,050 22,800 20,000 21.919 500 22,800 20,000 21.919 500 4.336 3.000 4,336 3.000 6,459 30,000 2,000 6,459 30.000 2,000 B4,781 164,944 249,725 106,878 51.209 IS8,087 Cav•naghXellyi Chart¢red Account•nts & Statutory Audltor• Page 29
heatre and Dance ar-table om Limi NOTES TO THE FINANCIAL TATEMENTS For the ear ended 31 March 2023 Continued 4. Resources Expended - Charitable Activities 2023 2022 staff Costs 111,455 22,941 39,418 173,814 82,472 15,244 11,960 109,676 Artist fee5 Project costs Share of support Costs (note 5) Share of governance costs {note S) 44,707 2,679 47,386 52,491 1,753 163,920 Anatysis of Funds Unrestricted funds Restricted funds 91,288 129,911 221,199 125,462 38,458 163,920 5. Support Costs Support Governan¢e Costs Costs 2023 2023 Total Support Costs 2022 Govemance Costs 2022 Total 2023 2022 Depreciation Office Professional Fees Travel Accountancy Bank Fees 6,542 16,4S? 5,307 16,036 6,542 17,263 5,307 16,036 1,873 365 7,301 14,244 27,590 3,041 7.301 14,244 27,590 3,041 1,753 315 806 1,873 1,7S3 36S 315 Total support costs All expenditure noted above is analysed to charltable activities withln the financial year, conslstent with prior year. CavanaghKellyi Chartered Accountants & Statutory Auditors Page 30
Theatre and D Ch nce NOTES TO THE FINANCIAL STATEMENTS Contlnued 6. NET INCOME/{EXPENDITURE) FOR THE YEAR Net income/(expenditure) is stated after charging/{credltlng): 2023 2022 Depreciation of property, plant and equipment 6,542 6,025 7. INDEPENDENT EXAMINER'S REMUNERATION The independent exarnlner's remuneratlon amounts to an independent examination fee of El,52S (2022 - £1,4SO). 8. STAFF COSTS AND EMPLOYEE BENEFITS The average nurnber of persons ernployed by the charitable company during the year was 4 {2022 - 3). The total staff costs and employee's beneflts was as follows: 2023 2022 Wages and salaries Social Security costs Penslon costs 103,597 5,425 77,061 3,583 111 455 Key management personnel received total remuneratlon of £72,575 (2022: £82,472) In the period. No employee of the charltable company recelved total employee beneflts of more than £60,000, 8.1 DIRECTORS. REMUNERATION The Directors received nor waived any remuneration or any other benefits during the year and no reimbursements of expenses incurred. CavanaghKelly• Chartered Accountants & Statutory Auditors Page 31
NOTES TO T E FINAN IAL STATEMEN For the ear ended 31 March 023 ued INTANGIBLE FIXED ASSETS Total C05t At 31 March 2022 and 31 March 2023 6,376 Amortisation and Impairment At 31 March 2022 and 31 March 2023 6.376 Net Book Values At 31 March 2023 At 31 March 2022 10. PROPERTY. PLANT AND EQUIPMENT IT Equipment Total Cost At l April 2022 Additions At 31 March 2023 30,243 2,897 33,140 30,243 2,897 33,140 Depreclation At l Aprll 2022 Charge for year At 31 March 2023 15,344 15,344 Net Book Values At 31 March 2023 At 31 March 2022 CavanaghKelly* Chartered Accountants & Statutory Auditors Page 32
TO NANCIAL STATEM nded 31 March 2023 Inued 11. RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade Recelvables Trade receivables include tentIonS amounting to £17,586 with remaining debt from unpaid membership fees and grants at year end. 12. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade payables Taxatlon and social security Accruals 16,115 2,369 11,217 2,355 13. ANALYSIS OF NET ASSETS Unrestricted Restricted Designated Funds Funds Funds 2023 2023 2023 Total Funds 2023 Total Funds 2022 Tangible Assets Current Assets Current Llabllitie5 496 29,026 10,758 67,337 11,254 131,363 14,899 76,167 35,000 122 596 CavanaghKellyi Chartered Accountants & Statutory Auditors Page 33
NOTE For the NA ear ended 3 IAL STATEMENTS March 2023 14. ANALYSIS OF FUNDS Opening Balance Income Expendlture Transfer between funds Closing Balance Intangible fixed Assets Arts Councll Nl Arts Council Nl Equipment Arts Council Nl - Other Belfast City Councll Equipment Belfast City Councll - INVEST Belfast City Council - IETM Belfast City Council Other Trusts & Foundations Arts and Business British Council Foyle Foundation Future Screens Halifax Foundatlon Leche Trust Earned Income Other Restricted Funds 16,516 5,778 51,607 2,897 1,830 (51,607) (16,516) (2,375) (1,830) (4,004) (30,000) {2,000) (4,932) 6,300 10,040 6,036 30,000 2,000 4,932 22,800 6,459 20,000 21,919 500 (I,oss) {6,459) {5,482) (6,625) (4,336) (3,000) (5,706) 500 (129,911) {20,888) 21.745 14,518 15,294 2,844 3,000 2,873 992 8,197 soo 173,641 (5,364) 41,051 63,893 Unrestrlcted Funds 34,906 94,197 (91,288) (14,112) 23.703 Deslgnated Funds 35,000 35,000 Total Funds 75 957 267 838 221 199 122 596 15. CONTINGENT LIABILITIES A contingent liability exlsts to repay grants recelved should certain conditions not be fulfilled by the charltable company. CavanaghKellyi Chartered Accountants & Statutory Auditors Page 34