COMPANY REGISTRATION NUMBER: N1071673 CHARrrY REGISTRATION NUMBER: NIC105810 Theatre and Dance Nl Company Limited by Guarantee Unaudited Financial Statements 31 March 2025 Finegan Gibson Ltd Chartered accountants Causeway Tower 9 James Street South Belfast BT2 8DN
Theatre and Dance Nl Company Limited by Guarantee Financial Statements Year ended 31 March 2025 Page Directors, annual report (incorporating the director's report) Independent examiner's report to the directors 19 ststement of financial activities (including income and expenditure account) 21 Statement of financial position 22 Notes to the financial statements 23
Theatre and Dance Nl Company Limited by Guarantee Directors. Annual Report (Incorporating the Director's Report) Year ended 31 March 2025 The directors, who are also the directors for the purposes of company law. prasent their report and the unaudited financial statements of the charity for the year ended 31 March 2025. Chalrfs report On behalf of Theatre and Dance Nl, it is my privilege to present the Annual Report for 2024125. As Chair. l am delighted to rèflect on a year marked by resilien¢e, innovation, and significant progress across our organisation. Throughout 24125, TDNI has continued to uphold its commitment to excellence. adapting to new challenges and seizing opportunities for growth. This year, our dedicated team and Board of Directors have worked collaboratively to deliver on our strategic objectives. We have seen the successful implementation of key projects, strengthened our stakeholder relationships. and mad8 substantial advancements in our service delivery. The unwavering support from our partners and the enthusiasm of our staff have been instrumental in achieving these milestones. Wa have taken considerable steps to ensure transparency and accountability in all areas of our operation. Our focus on innovation has enabled us to respond effectively to evolving needs. whilst maintaining the high standards our sector expects. The feedback and insights received from our stakeholders have been invaluable in guiding our direction and priorities. Looking ahead. TDNI remains committed to building on the foundations laid this year. We will continue to foster an environment of collaboration. learning, and improvement. l am confident that with the continued dedication of our team and th8 SUPPOrt of our partners. we will achi8ve even greater success in the coming year. I would like to extend my sincere thanks to my fellow Board Members for their support and guidance throughout 2024125 and I look forward to working with you all in 2025126 to further develop and strengthen the Board as we implement our new strategy. Particular thanks go to Linda Harley ILH) who stepped down as Treasurer during the year. It would also be remiss of me not to mention the absolute dedication and hard work of our Executive Director, Niamh Flanagan, and the entire staff team that have 5UPPQrted her through the year. I would also like to acknowledg8 the support we receive from our principal funders the Arts Council of Northern Ireland and Belfast City Council as well as the British Council Nl, Future Screens Nl, Arts & Business Nl through the Blueprint programme and key trusts and foundations. all of whom undersland that a vibrant and risk-laking sector needs enduring support. Finally. thanks to our members for your continued engagement and the work that you do. Together, we will continue to make a 5asting. positive impact. Louise Rossington Chalr, Theatre and Dance Nl
Theatre and Dance Nl Company Limited by Guarantee Directors. Annual Report (Incorporating the Director's Report) (Gontlnued) Year ended 31 March 2025 Introductlon by the Executive Director It has been my privilege to lead Theatre and Dance Nl{TDNII and to share a year marked by meaningful activity. sector leadership and strategic development. 2024125 has been a significant year of progress, partnership and ambition for us and this Annual Report reflects the collective a¢hievements of our Board, our small but exceptionally mighty and dedicated team. and the many artists, organisalions. partners and stakeholders who work with us and support us. Guided by TDNI'S 2024-27 strategy, our core objectives- championing, supporting development, connecting, and advocating framed all activities. TDNI continued to strengthen the foundations of OLtr organisation. enhancing our govemance and investing in staff development to improve our ability to support our members. The work on our governance and business planning has been generously supported Ihrough the Arts & Business Nl Blueprint programme. l am particularly proud of the Spotlight programme at the Edinburgh Festival Fringe and its expansion in 2024 to include an inaugural Belfast showcase weekend, delivered in partnership with Belfast International Art5 Festival (BIAF). Culture Ireland, British Council Nl, and Belfast City Council. Spotlight is significantly and clearly 8nhancing the visibility of Northern Irish artists, generating exciting touring opportunities. supporting artist and company development. and fostering valuable connections internationally and across these islands. Alongside this. l am delighted that our deepening cross-border collaborations have secured plans to Co-host The Gathering in Belfast with Performing Arts Forum (PAF) in 2026 at the Lyric Theatre-the first time the event will take place in the North since 2019. Seeing our artists expand their confidence, ambition. and reach through our developmerrt programmes. especially INVEST and our Dance Intensives, has been incredibly inspiring. Their commitment, energy. and creativity motivate us every day. Developing the Creating Safer Spaces initiative remained a key focus throughout the year. We continued to provide wellbeing support to our members and their families through our free Member Assistance Programme (MAP). l am also proud that we were invited to ensure Northem Ireland's voice for theatre and dance was represented in the formation of the new UK Standards authority, CIISA. and that we were able to facilitate our memb8rs' contribulions to the development of the UK industry standards, launched by Baroness Helena Kennedy in February. It is especially pleasing that, through our INVEST programme. we supported a participant's journey to gain further intimacy coordination mentoring, expertise. and accreditation. 2024 was also a year of sustained advocacy and committed engagement as Secretariat for the All-Party Group on the Arts. Working ¢ollaboralively with sector partners. we ensured that theatre, dance, and the wider performing arts remained central within emerging policy frameworks. The need for this advocacy work will only intensify as the sector continues to face significant challenges, not least the urgent requirement for reinveslment and sustainable, multi-year 5UPPOrt to enable our workforce to thrive and the wider ecosystem to realise its full potential. The significant stress, bumout, and reduced wellbeing reported by workers - highlighted in recent research and at the World Café Day and APG in Stormont in February- remain deeply concerning and underscore the urgent need for action to safeguard the workforce and the industry. We remain deeply grateful to Sian Mulholland MLA. Chair of the APG. and all members of the Group for their leadership and ongoing commitment. As aver. our achievements this year 51t alongside those ongoing and long-term challenges outlined above. Yet, d8SPlte these pressures. our artlsts and organisations continue to create extraordinary
Theatre and Dance Nl Company Limited by Guarantee Directors. Annual Report (Incorporating the DirectOS Report) (contlnued) Year ended 31 March 2025 work. build communities, and tell the stories that shape who we are. It allY is tim8 for our govemment to act to secure the future of the arts in Northern Ireland. None of TDNI'S work would be possible without the investment, trust and collaboration of our fvjnders and partners. Thanks to the Arts Council of Northarn Ireland, Belfast City Council, Brilish Council Nl. Future Screens Nl, AE Harvey, DWF Trust, Arts & Business Nl, D'oyly Carte and Garrick Charitable Trusts, Foyle Foundation. Idlewild and Halifax Foundalion who have supported our work. Thank you again to our members, to our fabulous staff team, Board. and especially our deeply committed Chair, Louise Rossington. All have stepped up to th8 plate and helped shape the organisation that is Theatre and Dance Nl. It remains an honour to lead TDNI through such a vital period of growth and change. Thank you. Niamh Flanagan Executive Director, Theatre and Dance Nl November 2025
Theatre and Dance Nl Company Limited by Guarantee Directors. Annual Report (Incorporating the Directorfs Report) (contlnuèd) Year ended 31 March 2025 Reference and administrative details Registered charlty name Theatre and Danc8 Nl Charity registration number NIC105810 Company registration number N1071673 Prin¢lpal office and registered The Crescent Arts Centre office 24 University Road Belfast Co Antrim BT7 1NH Northern Ireland The directors L Harley K Jeffrey A Jones F Mellor C Murray L Rossington E Conway L Lamberton M Keane (Resigned 2 December 2024) (Appointed 21 May 2024) (Resigned 9 April 2025) (Appointed 31 July 2025) (Appointed 31 July 2025) (Appointed 31 July 2025) Secretary Niamh Flanagan (Resigned 21 May 2024) (Appointed 31 July 2025) (Served from 21 May 2024 to 31 JUSY 2025) Gail M¢Garvey Independent examiner Paul Dolan FCA
Theatre and Dance Nl Company Limited by Guarantee Directors. Annual Report (Incorporating the Director's Report) (contlftuedj Year ended 31 March 2025 structure¥ governance and management Principal Activity The principal activity of the Company. for the year ended 31 March 2025. was connecting the sector, supporting development. and advocating for theatre and dan in Northern Ireland. Theatre and Dance Nl (TDNI) is the sole membership body and resource organisation for theatr8 and dance with the aim to help create a vibrant and healthy theatre and dance sector through supporting members, development, participation, connections and collaborations, leading and advocating with them. Members work across a range of contexts and disciplines. 273 individuals and organisations were members in 2024-25. Legal Structure Theatre & Dance Nl is a Company Limited by Guarantee and does not have Share capital. 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 Theatre Nl {TNI) on 20 April 2015 following a merger with the Northem Ireland Theatre Association (NITA). Theatre Nl was recognised as a Charity by the Charity Commission for Northern Ireland on 2 Mah 2017- Reference Number NIC105810. Dance Resour Base was merged with TNI on 24th 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 liabililies, setting policies and strategic plans, and for overseeing and ensuring the appropriate implementation and monitoring of the Company's policies, aim5 and objeclives. The day-to-day running 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 Sarah English, Communications and Engagement Officer Associate Staff team Hayley M¢Bride. Finance Officer Anita Murphy QUB Intern Recrultment and Appointment of Directors The following information relates to the recruitment and appointment of Directors for the organi5ation in the year ended 31 March 2025. Following the merger between Theatr8 Nl and Dance Resour Base, tha Members ensured that 50Yo of the Board Members would have previously been involved with both DRB & Theatre Nl. Unless otherwise determined by ordinary resolution, the number of Directors should not b8 more than 12 nor le55 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-thlrd shall retire. A director who has served three consecutive years shall retire from office. A director who retires in accordance with this Article. if willing to act. shall be eligible for reappointment at the annual general meeting for a further term of three years, subject to Article 41 and an internal review process. The maximum period a director can serve is six consecutive y8ars. The Memorandum and Articles of Association provided Directors with the power to co-opt new Directors for a period of up to 24 months. A Co-opted director shall be eligible to be co-opted again.
Theatre and Dance Nl Company Limited by Guarantee Directors. Annual Report (Incorporating the Director's Report) (eontlnua Year ended 31 March 2025 subject to a recommendation from th8 directors on each occasion but shall not serve for a period of more than 24 months consecutively. Inductlon & Training of New Directors New Directors receive information outlining their roles & responsibilities, the Strategic Plan, Minutes from the last 3 meetings of the Directors. and the most recent accounting report. During 202415, the Directors monitored the progress of the Companys actlvlties against its aims and objectlV8S, timescale, and budget. Sub-committees meet as required to further individual areas of work. Sub committees report back their findings and recommendations to the full board. During 202412025 the Directors met on the following dates: Board Meetings 2151 May 2024 13th August 2024 15th October 2024 2nd December 2024 6th February 2025 Board Review Strategy Review February 2025 Board Development Day 19th March 2025 Finance and Fundlng Sub Commlttee 21st May 2024 6th August 2024 15 October 2024 261h November 2024 22nd January 2025 PolicylHRIRisk Sub Committee Mèeting 7th May 2024 15tAugust 2024 1 $1 October 2024 19th November 2024 30th January 2025 The AGM of Theatre and Danc8 was held on 2nd Dec8mb6r 2024. Risk Management The Diredors are committed to meeting the highest standards of governance and best practice throughout the work of the Company. During the year risk. organisational, governance and HR policies were discussed in 'Sub-Committees' and under 'Governance' at board meatings, ensuring existing policies were stlll relevant and up to date and to establish whether the introduction of any new policies was required.
Theatre and Dance Nl Company Limited by Guarantee Directors. Annual Report (Incorporating the Director's Report) (contlnued) Year ended 31 March 2025 Objectives and activities Objectives, Activities. Achievernents and Performance The mission and Vision of the Company are as follows: Mission To Champion. support and be the voice of Northern Irish theatre and dan 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 develop. Summary of Activities Theatre & Dance Nl strategic objectives focus on supporting development, connecting, and advocating for the Northern Ireland theatre, dance and performing arts sector. TDNI achieves its aims through the delivery of information services, events and neorking. professional skills development, training, and bursary programmes. TDNI deliver major sector initiatlV8s including INVEST (a prof8ssional development training. bursary & mentoring programme for individual artists) and the Spotlight on Theatre and Dance programme al the Edinburgh Festival Fringe and Belfast International Arts Festival (since 2024). At our core is dedicated support for our members through our Membership Assistance Programme. which provides essential confidential counselling and wellbeing support sarvices. Governance Build an excellent organisation which is effectively governed and delivers all aspects of its work to the highest standard. TDNI continued to strengthen gov8rnanc8 through robust board engagement. succession planning, policy development and staff training. The Board and tearn reviewed the new strategy in February 2025 and a comprehensive succession plan (ongoing), was implemented with the support of B & G Partners LLP through the Blueprint programme (A&BNI)- Induction materials for new members were updated and finalised, and additional governance training. board and staff development opportunities were provided through Achates, Arts & Business Nl, NICVA and other training providers. Our sub-committees met regularly to oversee policy. HR, risk. and finance. ¢ompleting an extensive review of key policies and initiating updates to the Risk Register. The AGM in December approved annual accounts and reaffimied commitments to strategic review and incomè diversification, and to ensure that TDNI remains transpar8nt and accountable. This year marked a significant step forward in strengthening staff development. With the support of VIABLE, our professional HR partner. we made steady progress across contract reviews, job descriptions, performance development frameworks, and the ongoing renewal of our policy suite. A refreshed Staff Handbook was presented in February 2025. consolidating updated organisational policies and procedures. Work continues job de5¢ription alignment across ro18S. Our commitm8nt to continuous learning was demonstrated through a comprehensive programme of staff development and training, which included safeguarding, social value. strategic planning. finance and fundraising as well as sponsorship, leadership and bu5ine5s planning. and communications.
Theatre and Dance Nl Company Limited by Guarantee Directors. Annual Report (Incorporating the Director's Report) (contlnu•d) Year ended 31 March 2025 We were also pleased to support a staff member through the University College Dublin Diploma in PR, Communications & Marketing, and delighted to welcome an MA Cultural Management student (QUB), for an 18-week placement to support our advocacy work. INFORMATION SERVICES Theatre & Dance Nl provides a comprehensive and proactive information service to the theatre and dance sector in Northern Ireland offering members and stakeholders timely, accurate. and relevant information on industry news, funding, job and other opportunities. policy updates. training. and sector events. Through our website. regular e-zines, social madia updates, targeted communications, and on&to-one support, (face to face, email and by phone) TDNI ensures that artists, companies, venues. and organisations remain well-informed. and ¢onne¢ted. Our website attracted 17,905 users with 45,493 page views. The number of e-zines opens during this period was 10.577. Audience growth increased by 9.40A on Instsgram. Accesslbility & Inclusion in the Arts TDNI continued its provision of discounted captioning equipment hire. supporting members to deliver more inclusive performances and workshops for dlDeaf and hard of hearing audiences, as well as for people with English as a second language. This initiative enables organisations to embed accessible practice in Iheir programmes and reach wider and more diverse audiences. A new programme of captionlng training (s¢heduled for delivery in 2025126), was developed in partnership with Digital 4, to slrengthen sector skills and reduce barriers to aGcessing live arts and culture. Delivery of captioning using our equipment was provided for: 35 events, attended by 8,542 people. CONNECT Goal 1.1 Lead and support a well-connected, collaborative theatre. dance and performing arts sector. Goal 1.2 Support the development of collaborations and partnerships through networking opportunities. Goal 1.3 Nurture and lead strong partnerships within the theatre and dance sedor. with other national and international dance development agencies and across different agencies of all levels of government. Goal 1.4 Champion diverse means of engagement for all. whether as Creators, participants, or audience members. Throughout 2024125. TDNI strengthened its role as a key connector within the theatre and dance sector, neOrkIng across Northern Ireland and expanding engagement beyond Belfast, across borders, and across the island. This work continu8S to strengthen collaboration locally. nationally and internationally. Our staff and Board represented TDNI at key se¢torlmemb8r 8V8nts, performances and festivals ensuring strong visibility. support and advocacy for theatre and dance in Northern Ireland. We also demonstrated our commitment to members by attending perfomances. celebrations and community gatherings Ihroughout the year. including at festivals such at Belfast 2024, Incubate, Féile an Phobail. East Side Arts, Outburst, Pride, Belfast Trad and Bounce.
Theatre and Dance Nl Company Limited by Guarantee Directors. Annual Report (Incorporating the Director's Report) (contlnuedj Year ended 31 March 2025 Throughout 24125, TDNI staff attènded over 60 sector events. Our presence, and engagement at other key festivals including Belfast International Arts Festival, Dublin Theatre Festival. Dublin Fringe Festival and Edinburgh Festival Fringe, remained a key priority to ensure that Northern Irish artists and organisations were supported. plafforrned and represented at leading national and intemational events. Dlrect member engagement remained at the heart of our work. Across the year, we delivered 25 events attracting over 1000 participants, provided over 250 1.1 member support sessions, and conducted sustsined targeted outreach, resulting in increased membership and renewed engagement. TDNI also contributed to sector development through presentations and capacity-building sessions with Ulster University, Queen's University, Bruiser Theatre Company Academy, and Maiden Voyage's GRAD lab. supporting the next generation of artists. Deepened engagements with stskeholders including Culture Ireland. Theatre Green Book, Green Arts NI, UK Nations and International Showcase working groups, and British Councils broadened our collaborative reach, strengthened our environmentsl sustainability efforts. and laid foundations for further partnerships and collaborations for TDNI and our members. Our work in partnership with D8rry City & Strabane District Council. included strategic engagement and facilitation with the re-established Creative Arts NeOrk and the 'Theatre Making in the North Wesf roundtables and events, reinforced TDN I's commitrnent to regional connectivity. sector support and relationship building outside of Belfast. Sectoral accessibility and inclusion were further improved through ongoing collaboration with University of Atypical, Open Arts, and participation in Equity Northern Ireland initiatives. including EquilyFest (Derry), Wear Red Day, Action on Access with Equity Northern Ireland Deaf and Disabled Committee (DDMC). Participation in these events continues to enhance our members, work and build valuable professional ¢onne¢tions. Our sustained presence across industy festivals, policy and advocacy events at Stormont, sector celebrations, training sessions, and performances ensures Northern Ireland's theatre and dance ecosystem remains visible. connected. and inclusive. Cross Border Connectivity TDNI maintained strong cooperation with key organisations, partners and stakeholders in the Republic of Ireland. including British Council Ireland. Culture Ireland. Performing Arts Forum, Dance Ireland, Dublin Fringe and Dance Festivals and Irish Theatre Institute. We co-delivered a new initiative. PAF Connects, during Belfast Children's Festival (March) and provided support for our INVEST participants and TDNI staff to attend Ihe all-island conf6rence - The Gathering in Sligo (May 24). Our ongoing collaboration with Performing Arts Forum has resulted in confirmation and planning for TDNI to co-host The Gathering in Belfast at the Lyric Theatre in 2026 the first time this event will be held in the North since 2019. The Gathering is a key event in th8 island's performing arts calendar, strengthening networks and creating opporbJnities for our members to thrive. Other activlties to strengthen all-island and international connections, designed to create new opportunities for members, included hosting sessions between Northern Irish companies presenting at Dublin Fringe Festival and TDNI Fringe bursary participants with Culture Ireland, facilitating further and more extensive dialogue during the BIAF Showcase weekend, and convening the Meet the South event at The Gathering for our INVEST participants.
Theatre and Dance Nl Company Limited by Guarantee Directors. Annual Report (Incorporating the Director's Report) (Gonllnuedj Year ended 31 March 2025 Th8S8 effi)rts reinforce TDNI'S commitment to nurturing opportunity. connectivity, and collaboration across the island. recognising the interdependent nature of its theatre and dance ecology and addressing the Increasing challenges of cross-border working for our members. Creatlng Safer Spaces Since 2017. TDNI has championed a culture of safety, respect and support for health and wellbeing across the theatre and dance sector through our Creating Safer Spaces programme. This initiative drives sector-wide change, supports professional and sectoral development, and continues to be a cornerstone of our strategic priorities. In 202415, our close partnership with Irish Theatre Institute's (ITI) Safe to Creat8 project continued, including their support for our staff, members, and participants to engage in Iheir training. Building on this work, the Executive Director collaborated with a consultant and trainer on Safe to Create. to resource and develop a pilot training, and education programme aimed at supporting those studying, accessing, and working in theatre and dance in Northern Ireland. The programme (to be rolled out in 2025126) will empower young people aged 18-25 to play a leading role in advancing this agenda and strengthening their skills and capacity to drive meaningful change. Initial development in 2024125 was supported by AE Harvey and the DWF Foundation. We will continue to engage proactively and slralegically with Safe to Create to develop a more shared-island approach to addressing systemic issues in our sector. Creative Industries Independent Standards Authority {CIISA) TDNI'S Executive Director (ED) contributed significantly to UK-wide efforts led by the Creative Industries Independent standards Authority (CIISA) including ongoing engagement with the CIISA leadership team and UK sector partners,. participation in governance workstreams,- and involvement in accreditation and licansing discussions and professional standards roundtab18S. We were delighted to welcome CIISA CEO, Jen Smith to Belfast in September and later, publicly support UK theatre bodies in calling for the sector to unite behind CIISA'S development. TDNI also facilitated wider external engagement, enabling our members to contribute to the creation of the CIISA standards a framework establishing minimum standards of behaviour across the UK'S creative industri8S. TDNI ED attended the launch of the Standards in February 2025 by CIISA'S newly appointed Chair, Baroness Helena Kennedy. an internationally recognised advocate for gender equality and law reform. and a leading authority on violence against women and children. We remain a principal supporter of CIISA and continue to collaborate with its 18adership team and sector partners to explore training, accreditation pathways. and resources aligned with the industry-endorsed Standards Framework. TDNI'S ED a150 now sits on the CIISA Council chaired by Dr Kienda Hoji. INVEST - Creating Safer Spaces A key achievement this year was supporting a dancelmovement professional through our INVEST programme to pursue accreditation as an Inlimacy Coordinator. With mentoring. signposting. and an INVEST bursary, the participant secured a place on the highly competitive P05tgraduate Intimacy Coordination for TV & Film course at the National Film and Television School (NFTS), Leeds. Upon completion in November 2025, they will become a qualified, accredited. and BECTU-registered Intimacy Coordinator. addressing a critical skills gap in Northern Ireland and advancing TDNI'S Creating Safer Spaces agenda. 10
Theatre and Dance Nl Company Limited by Guarantee Directors. Annual Report (Incorporating the Director's Report) (eontlnu•dJ Year ended 31 March 2025 Health & Wellbeing TDNI'S Member Assistance Programme (MAP) continues to provide essential professional support (through Spectrum Life) to individual members, smaller organisations, and their families. The programme, offers professional counselling both online and in person. ensuring confidential and accessible care. Members have free access to a 24-hour telephone support line, an online chat service, and up lo six one-hour. face-to-face counselling sessions. tailored to their needs. During 202415: 50 members accessed the servi Issues for which help was sought included anxiety. low mood, stress and wory, relationship issues. complicated grief, and bullying and harassment. The continued use of MAP by our members and their families demonstrates a clear need for accessible wellbeing and mental-health support for our members and the arts sector. particularly among freelancers. small organisations and thos8 working in high-pressure, low-security and precarious roles. The uptake of this TDNI service highlights the value of having confidential, sector-appropriate support available, and reinforces the importance of TDNI'S role in addressing wellbeing inequalities across the creative workfor. Green Arts Nl Supporting environmental sustainability continued to be a priority. with TDNI taking a leadership role in driving sector-wide action. We worked closely with Theatre Green Book (TGBI team. Paddy Dillon (Renew Culture) and Green Arts Northem Iraland, to advance the dissemination of revised 5UStainability TGB guidelines. A key milestone in this work is the planning of a Spring 2025126 TGB event in Belfast, bringing together government representatives, local authorities. and sector stakeholders. These initiatives underscore TDNI'S commitment to promoting and embedding sustainable practice across theatre and dance in Northern Ireland and beyond TDNI have included a commitment to supporting the development of Green Arts since 2019 including co-sponsoring the development of the Theatre Green Book. We remain a principal supporter of the TGB and will continue to connect our members to this free resour and guidance for sustainable theatre. TDNI remained a member of the steering committee of Green Arts Nl forum (arts sustainability neOrk - 100 individuals and 50 cultural and creative organisations). established by Belfast City Council in 2023124 who are working collectively to reduce our sectors environmental impact. SUPPORTING DEVELOPMENT Develop professional standards and foster excellence by identifying and addressing the n88ds of the theatre. dance and performing arts sector. Nurture, encourage, support. and Inspire those within the sector to strive for eXllence. TDNI delivered a serie5 of training and professional development opportunities for artists and organisations which included d81ivery of a bursary and Business lo the Arts programme., planning for an international Dance Intensive and delivery of our major development programmes INVEST & Spotlight on Theatre & Dance at the Edinburgh Fringe Festival. A significant expansion in thi5 year was the addition of the Spotlight programme as part of the B81fast International Arts Festival. Continued attention and a key element of the TDNI approach is to include and 8mbed additional mental health and wellbeing support throughout our major development programmes recognising the heightened risks faced by performing arts workers due to precarious work, low pay, and challenging conditions. 11
Theatre and Dance Nl Company Limited by Guarantee Directors. Annual Report (Incorporating the Director's Report) f¢ontlnuedJ Year ended 31 March 2025 Key outputs in 202415: 1.023 artists and organisations attended TDNI training and workshop events 16 artistslfacilitators were employed to deliver this training Trainingllnformation sesslons dellvered: Theatre Tax Relief Training (April 24) Dublin Fringe Feedback Session (April 241 INVEST Residential (May 20241 Edinburgh Festival Fringe Information Session (July 24) INVEST Final Sharing (July 24) TDNI Information Session for Bruiser Summer School (July 24) Four Nations Event during Edinburgh Festival Fringe (August 24) Spotlight on Th8atre and Dance from Northern Ireland at the Edinburgh F8stival Fringe (August 24) Dublin Fringe Information Session with David Francis Moore (F8Stival Dir8Ctor) (September 24) TDNI Information Sessions for Ulster University (Darry Campus) (Sept8mber 24) Theatre Making in the Northwest (September 24) INVEST Induction (October 24) INVEST Residential (October 24) Spotlight on Theatre and Dance from Northern Ireland at the Belfast International Arts Festival Artist Pitch and Meet the Delegates Event (November 2024) TDNI Information S8ssion for Maiden Voyage Gradlab (January 2025) Business to the Arts programme (January 25) CIISA Standards Consultalion (January 25) Edinburgh Festival Fringe Information Session to support artists intending to take work in 2025 (February 25) PAF Connects and Meet the Delegates at the BeSfast Children's Festival (March 25) Bursaries Awarded TDNI award small bursaries to enable our members to engage in training, research, networking and to 'go see, other national and international work. These exchanges support our artists, development through the sharing of expertlS8 and knowledge as well as building connections and collaborations for future work. 5" Spotlight Artist bursaries for Edinburgh Festival Fringe 4" Fellowship Arlist bursaries for Edinburgh Festival Fringe 3" Dublin Fringe Festival 2. Dublin Theatre Festival 3" Belfast International Arts Festival 5. INVEST Artist bursaries 2" INVEST Fellowship artist bursaries 1. Youth Theatre Ireland Symposium Bursary TDNI bursaries in 202412025 totalled £37.197.70 INVEST Cohort 2 & 3 In 2024125. TDNI'S INVEST programme, supported by Belfast City Council. continued to provlde holistic professional development for early- to mid-career artists. Combining bursary support. training. 1.1 mentoring from industy experts, guidance from TDNI'S Project Development Officer and INVEST Project Consultant, industry trainers and peer mentors. INVEST equips participants with skills and knowledge in policy, leadership, career planning. bu5ine55. production. audience engagement, and national and international neOrkIng. Participants from both cohorts also took part in a specialist 12
Theatre and Dance Nl Company Limited by Guarantee Directors. Annual Report (Incorporating the Director's Report) (eontlnu8dJ Year ended 31 March 2025 mental health and wellbeing intensive. to support building rasilience and personal wellbeing. INVEST continued its strong upward trajectory with participants, both past and present. contribuling to significant sector initiatives, including Belfast 2024 projects such as Little Amal and ROOTS. Many have gone on to collaborate and produce new touring work together, while others secured freelance and full-time permanent positions within the cultural sector including appointments such as Ex8CUtive Director of The Barn Theatre in Cirencester. Cohort 2 Eight participants completed INVEST in July.. Natalie Murphy. Matthew Sharpe. Christopher Grant. Colm Mccready, S8an O'Neill, Caoimhe McGee, Ruaidhri Maguire. and Soso Cheallaigh. Industy mentors included Adura Onashile (ActorlWriterlDirector), Mikel Murfi (ActorlDirectorlProduGer, Loco and Restless). Bec Martin (Artistic Director. New Diorama TheatrelFormer Programmer, VAULTS Festival), Tom Jackson Greeves (MovemenVAssociate Director, Theatre Royal Plymouth). Sharon Clark (Dramaturg, Akram Khan Company), Teunkie Van Der Sluijs (Head of Artistic Development, Young Vicl. Further development sessions included: Two-day residential and attendance at The Gathering in Sligo (May 2024) How to be an Ambassador forthe Arts with TDNI Feel the Fear and Do It Anyway (Seon Simpson, SkelpieLimmer) Meet the South with Dance Ireland and Performing Arts Forum Cohort 3 Cohort 3 (Sept 2024 concluding in July 25): Five INVEST participants, Paula O'Reilly. Kate Guelk8, Emma Copeland, Emily Foran. Karls Kelly. and two fellowship participants, Carley Magee and Nathan Martin. joined th& programme. Industry mentors included Lucy Hind, (Movement Diredor. Choreographer and Intimacy Director with credits at Donmar Warehouse. Royal Court, Almeida Theatre. The Old Vic & National Theatre). Katie Milchell, OBE, (Award winning Operahe3tre Director). Erica Whyman, (former Deputy Artistic Diredor and Acting Artistic Director, Royal Shakespeare Company). Tom Creed, (Director, ROI), Pamela McQueen. (Creator and Dramaturg. Smock Alley) and Imogen Brodie. (Head of Creative Development. Sonia Friedman Productions). Additional Training Highlights Identifying Your Goals and How to Achieve Them - Liam Mcmullen. Soso Nl Cheallaigh & Steven Atkinson Somatic Movement Workshop - Sandy Cuthbert How to get the best out of your mentor- Sean O'Neill and Steven Atkinson Building a Digital Portfolio - Tiema Byrne Marketing Alternative Models of Pmducing: Supporting Collaborative and Independent Pmduction Cahal Clarke & Steven Atkin50n Th8 Art of the Pitch - Brona Whitaker. Arts & Business Nl Income Generation and Sponsorship - Brona Whitsker. Arts & Business Nl Knowing YourAudience- Fiona Bell, Thrive Dance Intenslve Through our continued partnership with the MAC and investment from the D'oyly Carte Charitab18 Trust, TDNI worked towards the delivery of a five-day dance intensive with the intemationally renowned Irish choreographers, Michael Keegan Dolan (MKD) and Oona Doherty in April 2025. TDNI dance intensives provide a unique platform for our emerging and established artists to connect, 13
Theatre and Dance Nl Company Limited by Guarantee Directors. Annual Report (Incorporating the Director's Report) (contlnu8d) Year ended 31 March 2025 collaborate. develop, and hone their skills and contribute to the ongoing development of the vibrant contemporary dance sector. Spotlight Programme 2024125 In 2024, TDNI significantly expanded its Spotlight programme, to include Belfast Intemational Arts Festival as well as the Edinburgh Fringe. The programme supports artists and Companies presenting work through mentoring, tailored neOrkIng, industry introductions, and group support. helping develop sustainable touring and collaboration opportunities across national and global markets. A cor8 focus remained TDNI'S leadership at the Edinburgh Festival Fringe, delivered with strategic support from the Arts Council of Northern Ireland, British Council Nl, and British Council UK. More Ihan 100 international delegates attended the dedicated Edinburgh Spotlight showcase, which featured six Northem Ireland companies and four Fellowship artists, with contributions from speakers including Siobhan Molloy (ACNI) and guest lan McElhinney. British Council UK enabled the participation of 30 international delegates across the UK Nations showcases. Work profiled through Spotlight at Edinburgh Fringe included: Ante Beckett- Joel Smith, directed by John Caty & Paddy McEneaney (Exit Does Theatre) The Daughters of Roisin - Aoibh Johnson, directed by Cahal Clarke (Wee Yarn Productions) Float - Kirby Thompson & Orla Graham. directed by Kirby Thompson & Caoimh8 McGee (Crybaby Productions) Lles Where It Falls - Ruairi Conaghan, directed by Patrick O'Kane Dean and the Devll - Philip Orr, directed by Chris Darcy (Bright Umbrella Theatre Company) A Farther Shore David Campton, directed by Trevor Gill (Bright Umbrella Theatre Company) The Fellowship strand at the fringe continued to deliver tailored support for artists exploring future participation. offering mentoring. financial assistance, and access to high-level neOrkIng opportunities. This structured support enables artists to evaluate whether performing at Edinburgh aligns with their artistic ambitions and professional growth, mitigating financial and logistical risks while enabling informed decision-making. Fellowship participants received personalised schedules that recommended key events, perfomiances. and industy activities to attend, ensuring they could make the most of their time at the festival. They were invited to exclusive neiworking events, took part in one-to-one meetings with induslry leaders. and engaged in peer-learning sessions. Participants were also supported to 'go see, other work across thè f8Stival to broaden their artisti¢ and sector awaraness. In addition. they had the opportunty to pitch their work to international delegates as part of the Spotlight event. further enhancing their professional visibility and potential for future touring and commissioning opporbJniti8s. Artists supported under the F81lovh1p programme in 2024125 includ8d: Itch - Chris McAuley (Circus) Bird About Town - Amanda Doherty (Theatre Maker, created with Jessie Doyl8) An Féileacan agus an Rl - Clara Kerr (Choreographer. Seen Dance Company) GUThER - Eileen Mcclory (Choreographer) TDN'S collaboration with Belfast Intemational Arts Festival (BIAF) to deliver an inaugural Belfast showcase weekend from 31 st October to 2nd November. supported by Culture Ireland, Belfast City Council, and British Council Nl was exceptional. The programme included an informal Meet the Delegates networking event at the Lyric Theatre and welcomed visitors from across the UK, Ireland, North America. Asia. Latin America, and the Middle East. TDNI and Culture Ireland worked closely 14
Theatre and Dance Nl Company Limited by Guarantee Directors. Annual Report (Incorporating the Director's Report) (contInu) Year ended 31 March 2025 with presenting artists to prepare th8ir work for pr8sentation. Artists featured included: This Sh"t Happens All the fime - Amanda Verlaque, directed by Rhiann Jeffrey Ham Sandwiches and DispIlne - Choreographer Nora Ni Anluain Fay Dublin Jack- Conor Mitchell, presented by The Belfast Ensemble The Scorched Earth Trilogy- Brian Irvine & Dumbworld, with Music Dir8Ctor Fergus Sheil, Irish National Opera Anthem forDissatisfaction- Gina Donnelly. directed by Tony Devlin and Gina Donnelly How to Bury a Dead Mule- Richard Clements, directed by Matthew McElhinney Spotlight's programme in 2024126 also included five bursaries for TDNI members to engage with Dublin Fringe and Theatre Festivals. further strengthening cross-border engagement and professional development. The Spotlight programme provides Northern Irish artists with international visibility. industry connections. and onward touring opportunities. strengthening the region's cultural presence and enabling informed, sustainable approaches to global market engagement. Several artists supported through the programme in the past have toured internationally, including to Colombia, Australia and the USA as well as closer to home in the Dublin Theatre, Dance & Fringe festivals. building networks that sustain ongoing opportunities and fvrther extending the reach and impact of Northern Irish theatre and dance on the national and global stages. Tha initiative is supported by a working group comprising representatives from Arts Council of Northern Ireland. Brilish Council Nl. and Beast International Arts Festival. ADVOCATE Goal 3.1 Be the voice for the membership and wider sector to promote their value and irnpacl. Goal 3.2 Increase awareness of th8 benefits of theatre, dance and performing arts lo policymakers and funders. Advocacy remained a core priority for TDNI throughout 2024125. As the sole membership organisation for theatre and dance in Northern Ireland, TDNI worked to ensure that the priorities and perspectives of our members continued to shape policy development, funding discussions, and strategic planning across government and arm's-length bodies. Through this sustained advocacy, TDNI ensured that members, voices were embedded within strategic frameworks and heard consistently by policymakers. Regular engagement with the Department for Communities (Dfc), the Arts Council of Northern Ireland (ACNI), and other public bodies strenglhened relationships and reinforced the sector's position in policy conversations. Building on previous contribution5 to the Investing in Creative Delivery report (2023). TDNI continued to meet departmental officials. provid8 written submissions, and coordinate sector input to support future cultural policy development. In July 2024, the Minlster for Communities announced the new Heritage, Culture and Creativity programme. TDNI disseminated this announcement to members and continued to engage closely with Dfc and ACNI to ensure theatre and dance prioritles Infonn the programme's development and implementation. TDNI maintained strong sector representation at key policy forums and consultations, including- ACNI Grant System Review (June): TDNI contributed to a review of the ACNI grant system. Spotllght at Edlnburgh (August): attended by John Ball. Head of Culture, Dfc 15
Theatre and Dance Nl Company Limited by Guarantee Directors. Annual Report (Incorporating the Director's Report) (eontInu) Year ended 31 March 2025 Mental Health Programme Networking {November): supporting discussion on artist wellbeing. Programme for Government Consultation (November): TDNI submf(ted a fomial response. now published on our website. Direct Dfc Engagement: TDNI met with senior officials including lain Greenaway (December) and follow-up staff meeting with Greenaway and John Ball (January). ACNI Collaboration: support for research on working and living conditions of artists; and selection of TDNI'S Edinburgh programme for a Social Return on Investment case study in partnership wrth ACNI policy team, TFCC and Simetrica Jacobs. We hope through these engagements that government have a better understanding of the needs and potential of the sector and Ihe need for sustainable investment and improved working conditions for our sector. All-Party Group on the Arts (APG) TDNI continued to serve as Secretarial for lh8 All-Party Group on the Arts. enhancing the visibility of the sector within the Assembly and facilitating dialogue between MLAS, practitioners, and cultural stakeholders. At the APG AGM in June, Sian Mulholland MLA was re-elected as Chair. reaffirming ongoing polibcal commilment to the arts. Throughout the year: The APG Chair and members raised a series of Assembly questions on cultural policy. funding, and equality of access. These exchanges confimied that th8 Investing in Creative Delivery Taskforce report will inform future arts policy development. Minister Lyons hosted a s8Ctor roundtable at the Lyrrc Theatre in September following APG engagement. TDNI also worked closely with the APG to plan a major advocacy sector event following the Community Committee's World Café Day at Stormont {February 2025), which brought together approximately 80 sector representatives to engage with MLAS and policy makers at the heart of government in Northern Ireland. Ongoing Commitment to Sector Advocacy Across the year, TDNI amplified member concerns through: sharing Ministerial ststements and policy updates contributing to ACNI policy development supporting Gampaign5 on artist working conditions participating in national and cross-border cultural policy forums This work strengthened the sector's collective voice and ensured that the value and needs of theatr8 and dance continue to be recognised at the highest levels. TDNI will continue to advocate for investment and funding, improved working conditions, and equality of acc8ss for our sector and continue our engagement with policy makers and ansure members remain informed and enabled to participate in policy discussions. 16
Theatre and Dance Nl Company Limited by Guarantee Directors. Annual Report (Incorporating the Director's Report) feofttlnu Year ended 31 March 2025 StrateglG report The following sections for achi8v8m8nts and performance and financial r8Vi8w form the strategic report of the charity. Financial review Flnanclal Perforniance The Financial performance was in line with the Board of Director's expectations. The charitable company remains in a sound financial position at the year end. The results for the year are set out in details on pages 21-35. Net income for the year was £38,605 (2024: Net Expenditure of £15,123). The transition from a net expenditure of £15,123 position in 2023124 to a net income of £38.605 in the current year reflects the combined impact of diversified income streams, and careful cost management. At 31 March 2025, the total funds of the charity amounted to £146,078 (2024: £107.473) comprising restricted funds of £45.378 12024: £32,011), unrestricled fund of £100.700 (2024: £75.462) and designated funds of £nil (2024.. £nil). The free unrestricted reserves are £94,729. within the reserves poliw the Trustees aim to have 3-6 months overall expenditure held in unrestricted funds which for the year ended 3151 March 2025 would be beleen £63.681- £127,362. Principle sources of funding and how this has supportad the key of the charitable company are disclosed to the notes in the Financial Statements. Reserves Policy Reserves are needed to bridge the timing gap between spending and receiving of income and to cover unplanned temporary shortfalls in income should they arise. Holding adequate reserves safeguards the provision of our services in the event of unexpected significant financial pressures and bad times. The trustees consider that the ideal level of reserves would be three to six months overall expenditure plus totsl liabllities at year end. Reserves play an important part in building resilienc8 to cope with unexpected events. including sudden loss of funding or the unforeseen closure of the TDNI. Therefore, the reserve level should also include designated funds to cover redundancy costs, legal fees. running costs during the closure period etc. Res6Nes should not be relied upon for the long-term sustainability of TDNI. Reserves can also be used by Theatre and Dance Nl to meet another programme's deficit. It is the long-lerm aim of the Board to maintain a minimum level to be Commensurate with three to six months, running costs for the organisation. The reserve policy is reviewed on an annual basis as the Directors note the continued difficult operating environment for arts organisations in Nl. TDNI may transfer up to 300/0 from unr8Stricted reserves to a designated fund in ord8r to comply with its reserves policy. This will be reviewed on an annual basis. Dlrectors The directors in the year are the Same directors as listed on page 4. 17
Theatre and Dance Nl Company Limlted by Guarantee Directors. Annual Report (Incorporating the Director's Report) r¢onllnued) Year ended 31 March 2025 Taxation status The charitable company is recognised as a charity by HM Revenue & Customs. Accordingly. the charitable company has availed of the exemptions contained in chapter 3 part 11 Corporation Taxes Act 2010 and Section 256 taxation of Chargeable Gains Act 1992. Statement of Dlrectors. Responslbllltles Company law requires the Directors to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the Company and of the surplus or deficit of the Company for that year. In preparing these financial statements the directors are required to: suitable accounting policies and then apply them consistently. make judgements and estimates that are reasonable and prudent. prepare the financial statements on the going conGern basls unless it Is inappropriate to pr8sume that the Company will continue in op8ration. The directors are responsible for keeping proper accounting records that are sufficient to show and explain the Compantys transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with Ihe Companies A¢t 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Finegan Gibson was appointed in April 2024. for the years 2024 - 26 following an open tendering process. The directors. annual report and the strategic port were approved on 1 December 2025 and signed on behalf of the board of trustees by: L Rossington Chairperson 18
Theatre and Dance Nl Company Limited by Guarantee Independent Examiner's Report to the Directors of Theatre and Dance Nl Year ended 31 March 2025 I report on the financial statements for the year ended 31 March 2025, which comprise the statement of financial activities (including income and expenditure account), statement of financial position and the related notes. Respective responsibilities of directors and examlner The charity's directors (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law, and is eligible for independent examination, it is my responsibility to: examine the accounts under section 65 of the Charities Act: to follow the procedures laid down in the general Directions given by the Charity Commisslon for Northern Ireland under section 65(9)(b) of the Charities Act- and to state whelher particular matters have come to my attention. Basis of independent examinerfs report I have examined your charity accounts as required under 5e¢tion 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts pr8sented wilh those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from the directors Concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: That accounting records We not k8Pt in accordance with section 386 of the Companies Act 2006 That the accounts do not accord with those accounting records That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to Charities preparing their accounts in a¢¢ordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland. That there is further information needed for a proper understanding of the accounts to be reached. 19
Theatre and Dance Nl Company Limited by Guarantee Independent Examiner's Report to the Directors of Theatre and Dance Nl feontlnu8d) Year ended 31 March 2025 Independent examinerfs statement I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and. in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require dRwing to your attention. Paul Dolan FCA Independent Examiner 9 James Street South Causeway Tower BT2 8DN Date: 151 December 2025 20
Theatre and Dance Nl Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2025 2025 Restricted fund5 Total funds Total funds 2024 Unrestricted funds Note Income and endowments Donations and legacles Other trading activities Investment income Other income 14,000 7,867 66 11,794 259.603 273,603 7,867 66 11,794 236,062 6,065 62 8,176 250,365 Total income 33,727 259,603 293,330 Expenditure Expenditure on Charitsble activities Total expendlture 9,10 (47.363) (207.362) (254.725) (265,488) (47.363) (207.362) (254.725) (265,488) Net Incomel(expendlture) (13.636) 52,241 38,605 (15.123) Transfers between fijnds 38.874 (38,874) Net movement In funds 25.238 13,367 38,605 (15.123) Reconciliation of funds Total funds brought fomard Total funds carrled foNard 75.462 32,011 45,378 107.473 122.596 100.700 146.078 107.473 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. Thg notos on pages 23 to 35 form part of th959 financlal statements. 21
Theatre and Dance Nl Company Limited by Guarantee Statement of Financial Position 31 March 2025 2025 2024 Note Flxed assets Tangible fixed ass8ts 17 5,971 5,404 Current assets Debtors Cash at bank and in hand 18 22.734 137,814 23,449 114,107 160.548 137,556 Creditors: amounts falling due within one year Net current assets 19 {20.441) 140.107 (35.487) 102,069 Total assets less current Ilabllitles 146,078 107.473 Net assets 146,078 107.473 Funds of the charity Restricted funds Unrestricted funds 45,378 100,700 32.011 75,462 Total charity funds 22 146,078 107.473 For the y8ar ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476., The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial stalements have been prepared in accordance with the provisions applicable to companies subject to the small companies. regime. These financial statements were approved by the board of trustees and authorised for issue on 1 Dacember 2025, and are signed on behalf of the board by.. L Rossington Chairperson Thg notes on paggs 23 to 35 form part of thgsg finan¢ial $tatgrngnts. 22
Theatre and Dance Nl Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2025 General infonnatlon The charity is a public b8nefit entity and a private company limiled by guarantee. registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is The Crescent Arts Centre, 2-4 University Road, Belfast, Co Antrim, BT7 1 NH. Northem Ireland. staternent of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in acGordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Compani8s Act 2006. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measurèd al fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's ability to ¢ontinue. Judgements and key sources of estimatlon uncertalnty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors. including expectations of future events that are believed to be reasonable under the circumstances. Fund accountlng Unrestricted funds ar8 available for use at th8 discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by th8 dlrectors for particular future proj8¢t or commitment. Restricted funds ar8 subjectsd to restrictions on their expenditure declared by the donor or through the temis of an appeal and fall into one of sub-¢lasses- r8Stricted income funds or endowment funds. 23
Theatre and Dance Nl Company Limited by Guarantee Notes to the Financial Statements (¢onUnu¢d) Year ended 31 March 2025 Accounting policies (contlnued) Incoming resources All incoming resources are included in the statement of financial activities wh8n entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measurgd. The following specific policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlement to th8 gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probab18 and entitlement is established. Income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for th8 contribution of general volunteers. income from contracts for the supply of services is r8cognised with the delivery of the contracted service. This is classified as unrestricted fvnds unless there is a contractual requirement for it to be spent on a particular purpose and retumed rf unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liabilty is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of rinancial activities to which it relates- expenditure on raising funds include5 the costs of all fundraising activities, 8vents. non-charitable trading activities, and th8 sal8 of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries. including those support ¢osts and costs relating to the govemance of the charity apportioned to charitable activities. other expanditure includes all expenditur8 that is neither related to raising funds for the charity nor part of its expenditure on charitable aclivitie5. All costs are allocated to expenditure categories reflecting th8 use of the resource. Direct costs attributsble to a single activity are allocated directly to that activty. Shared costs are apportioned between the activities they contribute to on a reasonable. justifiable and Consistent basis. 24
Theatre and Dance Nl Company Limited by Guarantee Notes to the Financial Statements {¢onUnu4d) Year ended 31 March 2025 Accounting policies fcontlnued) Intangible assets Intangible assets are initially recorded at cost and are subsequently stated at cost 18ss any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation. as determined by r8ference to an active market. less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable, and the cost or value can b8 measured reliably. Amortisation Amortisation is calculated so as to write off the cost of an asset. less its estimated residual value, over the useful life of that asset as follows= Si)ftware 20% straight line If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset. the amorttsation is revised prospectively to refled Ihe new estimates. Tangible assets Tangible assets are initially recorded at cost and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losse5, unless it reverses a charge for impairment that ha5 previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses. except to which it offsels any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreciation Depreciation Is calculated so as to write off the cost or valuatlon of an asset, less its residual value. over the useful economiG life of Ihat asset a5 follows,. IT Equipment 20Yo straight line 25
Theatre and Dance Nl Company Limited by Guarantee Notes to the Financial Statements {¢onUnued) Year ended 31 March 2025 Accounting policies (contlnuedj Impaimient of fixed assets A review for indicators of impaimient is carried out at each reporting date. with the recoverabl8 amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impaimients are also reviewed for possible reversal at each raporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset. an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business cornbination is. from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination. irrespective of whether other assets or liabilities of the charity are assigned to those units. Financial instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where inv8Stm8nts in shares ara publicly traded or their fair value can othenNise be measured reliably, the investment is subsequently measured at fair value with changes in fair valu8 recognised in income and expenditure. All other such inveslments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the psent value of the future payments discounted at a market rat8 of interest for a similar d8bt instrument. Other financial instruments are subsequently measured at fair value. with any changes recognised in the statement of financial activities. with the exception of hedging instruments in designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objedive evideneE of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. 26
Theatre and Dance Nl Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2025 Accountlng policies {contlnued) FÉnanclal Instruments (cofttlnue For all equity instruments regardless of signrficance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are 81ther assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impaimient are recognised immediately. to the extent that the reversal does not result in a Carrying amount of the financial asset that exceeds what the carrying amount would have been had the impaimient not previously been recognised. Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid wntributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, Ihe liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Limited by guarantee Thealre and Dance Nl is a company limited by guarantee governed by its Memorandum and Articles of Association dated. Theatre and Dance Nl is a registered charity with the Charity Commission for Northern Ireland. Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2025 Donations Donations Donations in Kind 13.000 1.000 13,000 1,000 27
Theatre and Dance Nl Company Limited by Guarantee Notes to the Financial Statements (conunugd) Year ended 31 March 2025 Donations and legacies {¢onllnu8d) Unrestrictad Funds Restricted Total Funds Funds 2025 Grants Arts Council Nl - AFP Fundlng Arts Council Nl - Capitsl Award Arts Council Nl - Other grants Future Screens Halifax Foundation British Council Belfast City Council INVEST Belfast City Council Small grants Idlewild Trust Foundation D'oyly Carte Garrick Trust Foundation DWF 136.388 3,682 3,000 21,038 20,000 31,000 30,000 2,995 136,388 3,682 3,000 21,038 20,000 31,000 30,000 2,995 4,000 4,500 3,000 259,603 4,000 4,500 3,000 14,000 273,603 Unrestricted Funds Restricted Total Funds Funds 2024 Donations Donations Donations in Kind 6,160 6.160 Grants Arts Council Nl- AFP Funding Arts Council Nl - Capital Award Arts Council Nl - Other grants Future Screens Halifax Foundation British Council Belfast City Council INVEST Belfast City Council Small grants Idlewild Trust Foundation D'oyly Carte Garrick Trust Foundation DWF 143.063 1.176 4,391 21.272 143,063 1.176 4.391 21.272 25.000 30.000 25.000 30.000 5.000 5,000 6.160 229.902 236.062 Other trading activities Unrestricted Totsl Funds Unrestricl8d Total Fund5 Funds 2025 Funds 2024 Membership Fees 7.867 7.867 6.065 6,065 28
Theatre and Dance Nl Company Limited by Guarantee Notes to the Financial Statements (conllnuedj Year ended 31 March 2025 Investment income Unr8stricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Bank interest Received 66 66 62 62 Other Income Unrestricted Total Funds Unrestrided Total Funds Funds 2025 Funds 2024 Eamed income 11.794 11.794 8,176 8.176 Expenditure on charitable actlvities by fund type Unrestricted Funds Restricted Total Funds Funds 2025 Charitable Activity Support costs 33.302 14,061 47.363 189,481 17,881 222,783 31,942 207,362 254,725 Unrestricted Funds R8slricted Total Funds Funds 2024 Charitable Activity Support costs 40,854 13.297 194.079 17,258 211.337 234,933 30.555 54,151 265.488 10. Expenditure on Charitable activltles by actlvlty type AGtivities undertaken direGtly Support costs Total funds 2025 Total fvnd 2024 Charitsble Activity Governance costs 222,783 29,355 2,587 252,138 2,587 254,725 261,944 3,544 222,783 31.942 265,488 29
Theatre and Dance Nl Company Limited by Guarantee Notes to the Financial Statements feontlnued) Year ended 31 March 2025 11. Analysis of support costs Analysis of support costs Total 2025 Total 2024 Staff costs Premises Communications and IT General office Finance costs Governance costs 11,488 358 4,860 1,007 11,642 2,587 11,488 358 4,860 1,007 11,642 2.587 10,763 340 2,168 1,537 12,203 3,544 31,942 31,942 30,555 12. Net Incomel(expenditure) Net incomel(expenditure) is stated after chargingl{crediting)'. 2025 2024 Depreciation of tangible fixed assets 2.672 6,649 13. Independent examlnatlon fees 2025 2024 Fees payable to the independent examin8r for: Independent examination of the financial statements 1.838 1.750 14. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows: 2025 2024 Wages and salaries Social security costs Employer contributions lo pension plans 132,174 8,219 3,197 124.359 7,184 2.984 143,590 134.527 The average head count of employe8s during the year was 4 (2024: 4). No employee received 8mploye8 benefits of more than £60,000 during the year (2024: Nil). Key Management Personnel Key management personnel include all persons that have authority and responsibility for planning, directing and controlling Ihe activities of the charity. The total comp8nsation paid lo key management personnel for services provided to the charity was £93,116 (2024: £88.638). 30
Theatre and Dance Nl Company Limited by Guarantee Notes to the Financial Statements {GontlnuedJ Year ended 31 March 2025 15. Trustee remuneration and expenses The Trustees received nor waived any remuneration or any other benefits during the year. expenses of £548(2024.' £741 } were reimbursed to Trustees. 16. Intangible assets Software Cost At 1 Apr]12024 and 31 March 2025 Amortisation At 1 April 2024 and 31 March 2025 Carrying amount At 31 March 2025 6,376 6,376 At 31 March 2024 17. Tangible fixed assets Equipment Cost At 1 April 2024 Additions 33,939 3.239 At 31 March 2025 37,178 Depreclatlon At 1 April 2024 Charge for the year At 31 March 2025 28,535 2,672 31,207 Carrying amount At 31 March 2025 5,971 At 31 March 2024 5,404 18. Debtors 2025 2024 Trade d8btors 22,734 23,449 31
Theatre and Dance Nl Company Limited by Guarantee Notes to the Financial Statements (conllnuedj Year ended 31 March 2025 19. Creditors: amounts falling due within one year 2025 2024 Trade creditors Accruals and deferred income Social security and other taxes 15,757 1,838 2,846 20,805 11.750 2,932 20,441 35.487 20. Deferred income 2025 2024 At 1 April 2024 Amount released to income Amount deferred in year At 31 March 2025 10,000 (10,000) 10,000 10.000 21. Pensions and other post-retirement beneflts Deflned contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £3,197 (2024: £2,984). 22. Anatysis of charitable funds Unrestrlcted funds At 31 March 202 At 1 April 2024 Income Expenditure Transfers General funds Designated Fund 75,462 33,727 (47.363) 38,874 100,700 75.462 33,727 (47.363) 38,874 100,700 At 31 March 202 At 1 April 2023 InGome Expenditure Transfer5 General funds Designated Fund 23,703 35,000 58,703 20.463 (54.151) 85,447 (35,000) 50,447 75,462 20,463 (54,151) 75,462 32
Theatre and Dance Nl Company Limited by Guarantee Notes to the Financial Statements (conunued) Year ended 31 March 2025 22. Analysis of charitable funds fGontlnued) Restricted funds At 31 March 202 At 1 April 2024 Income Expenditure Transfers Arts Council Nl Arts Council Nl - Equipment Arts Council Nl - Other Betfast City Council - Equipment Belfast City Council - INVEST Belfast City Council - Other Arts and Business British Council Foyle Foundation Future Screens Halifax Foundation Idlewild Trust DWF Garrick Trust Foundation D'oyly Carte 136,388 (105,089) (31,299) 3,682 3.000 (443) (3,239) 3,000 30.000 (30.000) 2,995 (2.995) (6,218) (34.295) 16.254 (8,631) 4,295 1,405 1,000 31.000 15,757 21,038 20,000 (23.822) 12,973 20,000 3,000 3,000 4,500 4,000 (4,500) 4,000 32,011 259,603 (207,362) (38,874) 45,378 33
Theatre and Dance Nl Company Limited by Guarantee Notes to the Financial Statements (¢gnllnued) Year ended 31 March 2025 22. Analysis of charitable funds (contlnued) At 31 March 202 At 1 April 2023 Income Expenditure Transfers Arts Council Nl Arts Council Nl - Equipment Arts Council Nl - Other Belfast City Council - Equipment Belfast City Council - INVEST Belfast City Council - Other Arts and Business British Council Foyle Foundation Future Screens Halifax Foundation Idlewild Trust DWF Garrick Trust Foundation D'oyly Carte 143,062 (113,875) (29,187) 6,300 5,567 (4,768) (7,099) 6,036 (6,036) 30,000 (30,000) 21.745 {5,220) (17,146) (14,518) (20,810) (271) (7,854) 16,254 25,000 14.518 15.294 21.273 15.757 5.000 (5.0001 63,893 229.902 (211,337) (50,447) 32,011 A Transfer has also taken place in the year to reclassify management fee income to Unrestricted Funds as the funds are available for any use. no restrictions are in pla for the usage of this income. 34
Theatre and Dance Nl Company Limited by Guarantee Notes to the Financial Statements (conUnUj Year ended 31 March 2025 23. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2025 Tangible fixed assets Current assets Creditors less than 1 year Net assets 5.971 115,170 (20.441) 100.700 5,971 160.548 (20,441) 146.078 45.378 45,378 Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assets 5,404 95,545 (35,487) 65.462 5,404 137,556 (35,487) 107,473 42,011 42,011 24. Contingent liabilities A contingent liability exists to repay grants received should certain conditions not be fulfilled by the charity. In the opinion of the Trustees, the terms of the Letters of Offer have been, or will be. omplied with and no liability is expected. 25. Corporation taxation The Company is a registered charity, and as such is entitled to tax exemptions on income and profits in furtherance of the charitys primary objectives. 35