DoCn Envelope1Tr. 0729CC20-E82B94-BD7B4jlE4A7182cE0 Green Shoot Productions {A company Ilmttod by guarantso, not havlng a shafv ¢apttoD TRUSTEES, ANNUAL REPORT for the finandal year 8nded 31 Marth 2023 The trustees present thelr Truslees, Annual ReporL cornbinimg the Dlredor8' R8POrt and Ttusts8s' Reprt gThJ th8 unaudited financial statements for the flnanclal year ended 31 March 2023. The finand81 statem¢nt8 arg prepared In acwrdonee wlth the Compank8s Act 2006, FRS 102 'The Finandal Rewrting Standard 8ppIicdble in the UK arKÈ Republic of Irelan and Accountiry and Repotlng by Ch8riti95: Statement of Recommenderj Practlce applicate to Gharitse8 preparing their financid ststements in accordance with the Financlal Reporting Stsndard applicabla In the UK and Republic of Iraland IFRS 1021. The Trustees, Report contsins the infomiation required to be prod in the Trustses, Annual Report under the statement of Recclnmended Pra¢tica {SORPI guidelines. Th8 Irustses of the Company are also chartty trustees for the purp08e of charity law and under the mpanY'S constitution are known as members ofthe bogTYJ Dftrustees. In this report the trustees of Green Shoot Producllon$ present a swnmary of purF¢Se, govgman¢e. activiua achievgments and finan forth6 financAal Ye 31 March 2023. Th& company Is a registsred charity and h6nc the report and SuIts are presentsd In a fom whlth compl188 with the requ1rements of tho Compan$ Act 2CQ6 and, althoh not obliged to ccmply with the Stat8m8nt of Reconmended Pra¢tice (Charthes SORP effeciive January 2015), the organisation ha8 impthentsd Its ro¢ommendalion$ where relevant In these.financial statements:. Mlsgion, Objttfjvgs and Stratew ObSe¢llve8 Vision A Northem Ireland where theatre 18 pia¢ed In tha heart ol communitw and where wothg da88 and marginalised VOifXS are heard on al stages. Mission GSP is dèdl(ated to commLssioning producing new wrltlng for the stsg6. to Ihe hlghest possiblo stsndards. The mpany is mMItted to develoklng and presenting plays that ntsIn strong social, polltlcal and CUlra] theme making theatre that k8 Televant to the populatlon of N.1. GSP seeks to promol8 Vdang das8 and other marginal18ed volces Ihat aré und6r-rgpresentsd vdthin theatre. We eonstsnly smve to attract ngw audienc8s and particlparrts. Communty engagement fonnB tha fOula10n of a aspects oflhe Compa$ approach and activity. Green Shoot Productions ccre values ore: Excellenca - we aim for tho highest quality of work In everythirvJ we do. from professional productlon to wmmunlty engagement Inclusion - we aim to ensure worffing and marglna181ed voie88 ara brought to thé fwe. are hèard, understood and respected by 811. Equaiity-our employment and atlstic work treats all with dignity and faimes& Paitner¥hip - IKè acllly S8ék partn$)¥"to'rJevelop our'prcgrammo4 embrace new skills. and re8th nawaudien5 and p8rUcipants. Structure, Governan¢o and Manag•ment Structure Goveming dcajment Green Shcot Production8 Is a rnpanY Limited by Guarantee not having a share capltsl, incorporated in 8th May %K12 and registsred as a thgrity wllh Charty Commission Nl in Nav6mber2016. Appolntment of the Board of Dlrectors: There are ourrenty 4 dlrectors of th8 compary. appc4nted annual at the AGM. Board Indu¢Uon and Tralnlng: New rnbers undergo Induction and orfentalion belng ijrtefed on legal obligatior under tharity and ttnpanY Iwi. FrrTh time to ttma. Board undertake5 futher managementtraining. Organisational Operations.. The Board of GSP admiThster the chafity. The board d818gat• programmlng to Martin Lynch as Arttslic Direotor. 98 tho rnost senior offi[. Relate¢J parties alld c¥)-operation wlth other organisaons. Nons of Yne Directors r8caived remunoraJon or olhor toneffts from thew work with the Charfty. Any confsid of interest In relatlcfi to any ¢orrtracbJal agreements must dls¢lo8ed. No conflkt8 of interesl arose have been reported In the current year.
DocAIWn Enope ID.. 07290¢2E62A4BD7P1E4A7I82cE0 Green Shoot Productions ¢ompany Ilmtted by guarants¥, not haNlnu a $har• caplta4 TRUSTEES, ANNUAL REPORT for the finandal yearended 31 Marth 2023 Referen and admlnlststion details.. theè name of th¢ Charty is Green Shoot Produ¢tions. It Is a Ilmlted by Guarantee not having a share capit. Tha Company was Inrporated In 8th May 2002 and registsre11 as a chathy with Chartiy Commls8icn Nl on Ihe 16th November 2016. {Charity Number. NIC10S941) Roview of ActtvStlo8, AchI9V#nts and Parfornianc Programming 2022-2023 wa8 a paGked year for tha Company. A slgnific2nt part of our work was based on Community Theatr8 R85KlenGy in Thgovg Bay. Wa completed $8verdl projects Including Th8 Half Mth)n, d new play by Alc8 Maseed, a cros840mmunity Youth Summer Schem8, a Documentary followlng the IN8s of young people bullding a bonfire. In August w& revived In The Name Of The Son for runs al The Grydnd Opera House and The Edinburgh Fring FethaL Th1$ yearwe employed Aar¢n Cathcart ag Communlty Engagement Offlw on a part-time ba8iS, Flnaneial Revlew Grnen Shwt has ¥plbJ for fvnding to BCC multiAnnual Funcfjng, Arts Coundl Commls5p)ning Fund, et& receNed furhJlr@ from CRC & Dept Of For81gn Affairs. si9 our furKling trom TBUC and ULster Garden Vlllages came to an end In 21Y23, the Ccmpany has worked on several 4plications to Tru6l funds. Green Shoot had a very successfijl finandal year in 202212D23. However, whilst our cx)mpletsd &counts show a ttgure in the bank of £71.732. tt should be boma In mind Ihat ts maJOty of thes8 funds {£64,7881 are restricted and rfngfenced for projects taking pla¢e in the 202312D24 year. For example. fr¢m that £64,788 figure, funds for projects by the Arts Coun¢ll (£22,740) and the D8pL Of ForevJn Affairs (£21. 5081 came in before Aprll 1st 2023 but wgrfj for prc4ects to happen after March 31st 2023 and the Invoices for a TBUC project also didnl come in1£7,1681 until atsr March 2023. Th18 left u8 a true balan(E In our bank aoxiunt of£6,944. Flnan¢lal R•8ulta At the @nd of tho financial year th8 company has assets of £95,299 {2022 - £24.4041 and Ilablli$ of £23,7{2o22- £13.9901. The net assets of the company have Increased by £61,318. Prfnrlpal Rlsks and Uneertalntle8 The Board continuousty reviews risks to whlch ts Ccwnp8ny Is exposed, in parti¢u]ar those relatirs to operalions and ance of th8 Company and are satisfied that good financyol practic£ Is In place and systems ar¢ In ptac8 to miligote the exposure lo major risk. The company remain 8rts8t led and whli st our A5¢ Dlrector works Dn a volvntsry basis, we havè Ihe Llly of 2 ll-tiMe empbyeeg- Project Officer. Nki ki Tum&r Mary Bailie, Administrator and a part-time Community EryJagement Offlcer. Aaron CathcarL Its produGtson model hag developed to indude wroduction and partipatOry approaches ensurfng rel8vanc£ to local o)mmuniii6s. Prolect plans are in place lo continue with the murtt-facetsd f389 Bay project In addltion the rMpanY will put plans in FAace for the pIcU¢l10n of the two new ¢ommissions for the financial years of 2023- 2025. Th8 company wthl continue to enabl8 parlicipatory professKJnal theatre, and theatre which èngagos I011$d community audienc£s as well as e)ristKig Ihgatre going audlence& A Strategy document18 In plaL% and has been upgraded to tako us up to 2025. Trustees The Inlee5 who 5eNed throwhoutthe flnandal year. exeept as notéd, wer6 as follows.. Vmlliam Barr Martin Wlkam MumeY Catherine mccullou9hayt lfjmbedy Ja¢kson (Re8kJrd 22 Nov8mber %)22) Kathryn Baird In accon with the Arfides of AssodaUon. lh8 director8 rettre by rotation and. belng elvJible. offer them8e[v for rfrelectlon. cthnp11an Sector4Vlde Lgglslation and standards Th8 company engaggs pro4cttvely with legislatlon, standards and codes which are devotowj for the 58Ctor. Green Shoot Produdions subgerlbes to and is comtAbant with the following: The Companies Act 2006 Tha Charittes SORP IFRS 102)
Do¢uSlgn Envelope10.' o72yL2E82A4B94-BD7l E4A7162CEO Green Shoot Productions IA cornpa Ilmltsd by guarnntee, not havlng • $h•re Capita TRUSTEES. ANNUAL REPORT for the fina91 year ended 31 Marth 2023 Reserves The trustees have developed and adopted a re5eNes pollcy that seeks to increa88 th8 unrestricted inD)me reserve fund equivalent to months of annual reporung costs. GSP current poloy is to hold 10% of nel earned income to increase the unrÉstrtGted Inc(Ima res•rv6 to thls level. Th@ Wgrves 8re restrirted and to be used th board approval. The trusteè recognise that financial p8rfOmian fluctuate beffimn surpluses arKI deftcxts birt the medium lenn strategy is to see overall tsnd of reseNes growlh and increasing financApJ StalIty. Approvod by the Board of Trustees on 23 January 2024 and $lgMd on It8 behalf by: Martin Wllllam McBum8y Dlrector
DoeJJSlgn Envelo ID: 07290C2E8B9BD7B4)1E4A7I82QE0 Green Shoot ProduconS (A company Ilmltsd by guarant99. not having a Sharo ¢apithn STATEMENT OF TRUSTEES, RESPONSIBILITIES for the financi81 year ended 31 March 2023 trustees, who are also dlrector8 of Green Shoot Productlons forthe wrposes of copanY law, are $)n$ for preparing the finan(¥al ststemgnts in a¢eordance with appllcsble law and Tegulatlon Comparty law requires the trustees a8 th8 directots to prepare financial statsments for each ffinanclal ye¥. Under th&t law the tn5St•o8 have elecied lo prep¥re the 1Snanci81 ststements in aCTdanCe wlth Unlted KlngdLwn General knounting Pracllce {Unit6d lfjngdom Acuunting StarKlards and oppllc8ble lawl Induding FRS 102 Th8 Finanelal Rèporting Standard applKable In the UK and Republic of Ireland, Section 1A {Sm811 Enllues). Under compary law the trustees must not approvo the finan81 ststements unless thoy are satisfied that they give a true and fdr vlew ol the stste of affairs ofthe cornpany and of thg surplus or deficit of the ¢ompany forthat period. In Prepari these finanaal stalem8nts, the trustees are required to.. Select suitsble arxounlng pollcle8 and apply them conslslerrtly; mak8 judgements and estimates that are rea80nable and prudent,. state wwher Its finandal Statements have been prepared In accordanc2 wth the reVant financ4al r6porting framework, identify those stsndard8, and note thg offecl and lh& reasons foT any Matsrial depathrè fr(MTr those stsndaTds'. and prèpare the finanaal statsments on the going concem basi8 unless It Is Inappropriats to presume thal the cc*npany will o)ntinue in operation. The trU$L confimi Ihat they hava ciryjlled with the above r8quirem8nts in preparing the finanrial stalements. Tho trustsey are re8ponb for keeplng adequate aco)unttng records 1hat ar8 suffiaent to show and expletn the companys transactions and di$dos8 with reasonabl& ac(raCY at any the fjnanclal position of the Gompany and enable to ensure fhat the finanGiBI slatemants compty wlth. They ar8 also respons1b for safeguarding the 8sset8 of Ihe cunpany and hance for tsng reasonable steps for thg prevention and detection of fraud and other irregularities. Approvad by tho Board of Tru8to0s on 23 January 2024 and 8lgned on Its behalf by: Martln Wllllam McBurney Director .