Three's Theatre Company Ltd
Company Limited By Guarantee
Statement of Financial Activities
Including Income and Expenditure account
For the year ended 31 July 2024
Funds
Total
2024
Funds
Total
2023
Unrestricted
Funds
Restricted
Funds
Notes
Income from:
Charitable activities
Total income
5.024
5,024
45,305
45,305
50,329
50,329
28,051
28,051
Expenditure on:
Charitable activities
Total expenditure
1,220
1.220
47,128
47,128
48,348
48,348
39,831
39,831
Net incomel{expenditure)
3.804
(1,823)
1,981
(11,780)
Transfer between funds
(6,425)
6,425
Net movement in funds
(2.621)
4.602
1,981
(11,780)
Reconciliation of funds:
Fund balances at 1 August 2023
2,643
5.398
8,041
19,821
Fund balances at 31 July 2024
22
10,000
10,022
8,041
Page 7

Three's Theatre Company Ltd
Company Limited By Guarantee
Balance sheet
As at 31 July 2024
2024
2023
Notes
Current assets
Debtors
Cash at bank and in hand
10
1,883
6,998
8,881
10,502
10.502
Creditors: amounts falling due within one year
11
{480)
(840)
Net current assets
10,022
8,041
Net assets
10,022
8,041
The funds of the charity
Restricted funds
Unrestricted funds
Total funds
12
13
10.000
22
10,022
5,398
2,643
8,041
The company is entitled to the exemption from the audit requirement contained in section 477 of the
Companies Act 2006, for the year ended 31 July 2024.
The directors aCknO￿edge their responsibilities for complyng with the requirements of the Companies Act
2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year
question in accordance with section 476.
These financial statements have been prepared in accordan￿ with the provisions applicable to companies
subject to the small companies regime.
The financial statements were approved by the trustees on 15 April 2025
C T Dalton
Trustee
Page 8

Three's Theatre Company Ltd
Company Limited By Guarantee
Notes to the financial statements
For the Year ended 31 July 2024
Accounting policies
Charity information
Three's Theatre Company Ltd is a private company limited by guarantee incorporated in Northern
Ireland. The registered office is 25 Eglantine Crescent, Lisburn, BT27 5RH.
Accounting convention
The financial statements have been prepared in accordance with the charivs governing document,
the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended
Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January
20191" The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102
Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity.
Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal
accounting policies adopted are set out below.
Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation
that the charity has adequate resources to conlinue in operational existence for the foreseeable
future. Thus the trustees continue to adopt the going concem basis of accounting in preparing
the financial statements.
Charitable funds
Unrestricted funds are available for use at Ihe discretion of the trustees in furtherance of Iheir
charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be
used.
Income
Income is recognised when the charity is legally entitled to it after any performance conditions
have been met, the amounts can be measured reliably, and it is probable that income will be
received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has
been notified of the donation, unless perfomiance conditions require deferral of the amount.
Expenditure
Expenditure is recognised once the￿ is a legal or constructive obligation to make a payment to a
third party, it is probable that settlement will be required and the amount of the obligation can be
measured reliably. Irrecoverable VAT is charged as a cost against the activity for which the
expenditure was incurred.
Page 9

Three's Theatre Company Ltd
Company Limited By Guarantee
Notes to the financial statements (continued)
For the Year ended 31 July 2024
Accounting policies (continued)
Expenditure (continued)
Expenditure on charitable activities includes the costs of ServI￿S underiaken to further the
purposes of the charity and their associated support costs. Supporl costs are those funclions
that assist the work of the charity but do not directly undertake charitable activities.
Cash and cash equivalents
Cash and cash equivalents indude cash in hand, deposits held at call with banks, other
short-term liquid investments with original maturities of three months or less, and bank
overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Tax
As a charity, the company benefits from various exemptions afforded by tax legislation. It is
therefore not liable to corporation tax on income or gains falling due within those exemptions.
Critical accounting 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 amount of assets and liabilities 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.
The estimates and underlwng assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which Ihe estimate is revised where the
revision affects only that period, or in the period of the revision and future periods where the
revision affects both current and future periods.
Income from charitable activities
Unrestricted Restricted
Funds
Funds
2024
2024
Unrestricted Restricted
Funds
Funds
2023
2023
Total
2024
Total
2023
Artistic grants
Production income
Other income
45,727
45.727
21,438
3,320
3,293
21.438
3.320
3,293
5,024
{422)
4.602
5.024
45,305
50,329
28,051
28,051
Page 10

Three's Theatre Company Ltd
Company Limited By Guarantee
Notes to the financial statements (continued)
For the Year ended 31 July 2024
Expenditure on charitable activities
Charitable
activities
2024
Charitable
activities
2023
Direct costs
Artistic fees
Malerials
Advertising
36,933
2,840
830
40,603
19,194
11,113
563
30,870
Share of support and govemance costs (see note 5)
Support
Governan
7,265
480
48,348
8,121
39,831
Analysis by fund
Unrestricted funds
Restricted funds
1,220
47,128
48,348
2,513
37,318
39,831
Support costs allocated to activities
2024
2023
Office admin costs
Rates
Insurance
Travel and subsistence
Slorage costs
Professional fees
Bank charges
Governance costs
3,333
114
546
726
2,438
6,448
1,565
108
108
480
7,745
8,961
Analysed between:
Charitable activities
7,745
8,961
Net movement in funds
2024
2023
The net movement in funds is stated after chargingl(crediting):
Fees payable for the independent examination of ihe
charitys financial statements
480
Page11

Three's Theatre Company Ltd
Company Limited By Guarantee
Notes to the financial statements (continued)
For the Year ended 31 July 2024
Trustees
None of the trustees (or any persons connected with them) received any remuneration or
benefits from the charity during the year.
Employees
The average number of employees including the directors during the year was:
2024
2023
Trustees
Taxation
The charity is exempt from taxation on its activities because all its income is applied for
charitable purposes.
10
Debtors
2024
2023
Amounts falling due within one year:
Debtors
1,883
1,883
Creditors: amounts falling due within one year
2024
2023
Accruals and deferred income
480
480
12
Restricted funds
The restricted funds of the charity comprise the unexpended balances of donalions and
grants held on trust subject to spectfic conditions by donors as to how they may be used.
At1
August
2023
At31
July
2024
Incoming Resources
resources expended Transfer
Restricted funds
5,398
45,305
(47,128)
6,425
10,000
5,398
45,305
47,128
6,425
10,000
Page 12

Three's Theatre Company Ltd
Company Limited By Guarantee
Notes to the financial statements (continued)
For the Year ended 31 July 2024
12
Restricted funds (continued)
At1
August
2022
At31
July
2023
Incoming Resources
resources expended
Restricted funds
14,665
28,051
(37,318)
5,398
14,665
28,051
37,318
5,398
13
Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations
and grants which are not subject to specific conditions by donors and grantors as
how they may be used.
At1
August
2023
A131
July
2024
Incoming Resources
resources expended Transfer
Unrestricted funds
2,643
5,024
{1,220) (6,425)
22
2.643
5,024
(1,220) (6,425)
22
At1
August
2022
At31
July
2023
Incoming Resources
resources expended
Unrestricted funds
5,156
{2,513)
2,643
5,156
(2,513)
2,643
14
Analysis of net assets between funds
Unrestricted Restricted
funds
funds
2024
2024
Total
2024
At 31 July 2024-
Current assetsl{liabilities)
22
10,000
10,022
22
10,000
10,022
Page 13

Three's Theatre Company Ltd
Company Limited By Guarantee
Notes to the financial statements (continued)
For the Year ended 31 July 2024
14
Analysis of net assets between funds (continued)
Unrestricted Restricted
funds
funds
2024
2024
Total
2024
At 31 July 2023=
Current assetsl(liabilities)
2,643
5,398
8,041
2,643
5,398
8,041
15
Related party transactions
There were no disdosable related party transactions during the year {2023- none).
16
Transfers
Funds are transferred from unrestricted funds to restricted funds to cover shortfalls in
restricted funding.
Once the conditions for restricted projects have been met the restriction ceases and any
surpluses made are transferred from restricted funds to unrestricted funds.
17
Contingent liability
The charity has a contingent liability to repay grants received if the charity fails to
comply with certain conditions stipulated in the letter of offer and terms and conditions
of contract under which the grants were paid. The trustees do not expect any claims
to be made in this respect.
Page 14