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Three's Theatre Company Ltd Company Limited By Guarantee 

## Balance sheet 

As at 31 July 2025 

|||||||||||||2025|2024|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||Notes|£|£|
|Current assets||||||||||||||
|Cash at bank and in hand<br>Creditors: amounts falling due within one year<br>10||||||||||||26,028<br>26,028<br>(900)|10,502<br>10,502<br>(480)|
|Net current assets||||||||||||25,128|10,022|
|||||||||||||||
|Net assets||||||||||||25,128|10,022|
|The funds ofthe charity||||||||||||||
|Restricted||||funds|||||||11|19,426|10,000|
|Unrestricted funds|||||||||||12|5,702|22|
|Total||funds||||||||||25,128|10,022|



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 2025. 

The directors acknowledge their responsibilities for complying 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 accordance with the provisions applicable to companies subject to the small companies regime. 

The financial statements were approved by the trustees on 2 April 2026 

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 2025 

1 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 ~~.~~ 

- 1 ~~.~~ 1 Accounting convention 

The financial statements have been prepared in accordance with the charity's 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 2019)" ~~.~~ 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 ~~.~~ 

- 1.2 Going concern 

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements ~~.~~ 

- 1 ~~.~~ 3 Charitable funds 

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives ~~.~~ 

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. 

1.4 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 performance conditions require deferral of the amount ~~.~~ 

- 1 ~~.~~ 5 Expenditure 

Expenditure is recognised once there 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 2025 

## 1 Accounting policies (continued) 

- 1 ~~.~~ 5 Expenditure (continued) 

Expenditure on charitable activities includes the costs of services undertaken to further the purposes of the charity and their associated support costs ~~.~~ Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities ~~.~~ 

- 1.6 Cash and cash equivalents 

Cash and cash equivalents include cash in hand, deposits held at call with banks, other shor ~~t-~~ term liquid investments with original maturities of three months or less, and bank overdrafts ~~.~~ Bank overdrafts are shown within borrowings in current liabilities ~~.~~ 

1 ~~.~~ 7 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 ~~.~~ 

- 2 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 underlying assumptions are reviewed on an ongoing basis ~~.~~ Revisions to accounting estimates are recognised in the period in which the 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 ~~.~~ 

3 

## Income from charitable activities 

|||||Unrestricted|Unrestricted|Unrestricted|Restricted|Restricted|||Unrestricted|Restricted|Restricted|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||Funds|||Funds||Total||Funds|Funds||Total||
|||||2025|||2025||2025||2024|2024||2024||
|||||£|||£||£||£|£||£||
|Artistic grants||||||~~-~~|37,449||37,449||~~-~~|45,727||45,727||
|Other income||||||~~-~~|16,553||16,553||5,024|(422)||4,602||
|||||||~~-~~|54,002||54,002||5,024|45,305||50,329||



Page 10 

Three's Theatre Company Ltd Company Limited By Guarantee 

## Notes to the financial statements (continued) 

For the Year ended 31 July 2025 

## 4 

|4<br>Expenditure on|4<br>Expenditure on|4<br>Expenditure on|4<br>Expenditure on|4<br>Expenditure on|4<br>Expenditure on|4<br>Expenditure on|4<br>Expenditure on|4<br>Expenditure on|4<br>Expenditure on|4<br>Expenditure on|4<br>Expenditure on|4<br>Expenditure on|4<br>Expenditure on|4<br>Expenditure on|4<br>Expenditure on||charitable|charitable|charitable|charitable|charitable|charitable|charitable|charitable|activities|activities|activities|activities|activities|activities|activities|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||||||||||||||||||||||||Charitable||Charitable||||
||||||||||||||||||||||||||||||||||||||activities|activities||||
||||||||||||||||||||||||||||||||||||||2025|2024||||
||||||||||||||||||||||||||||||||||||||£|£||||
|Direct|||||||costs|||||||||||||||||||||||||||||||||||
|Artistic|||||||fees||||||||||||||||||||||||||||||26,848|36,933||||
|Materials|||||||||||||||||||||||||||||||||||||8,166|2,840||||
|Advertising|||||||||||||||||||||||||||||||||||||768|830||||
|Share|||||||ofsupport|||||||||||||and governance costs (see||||||||||||||note 5)|||35,782|40,603||||
|Support|||||||||||||||||||||||||||||||||||||1,794|7,265||||
|Governance|||||||||||||||||||||||||||||||||||||1,320|480||||
||||||||||||||||||||||||||||||||||||||38,896|48,348||||
|Analysis||||||||||by fund||||||||||||||||||||||||||||||||
|Unrestricted funds|||||||||||||||||||||||||||||||||||||2,110|1,220||||
|Restricted funds|||||||||||||||||||||||||||||||||||||36,786|47,128||||
||||||||||||||||||||||||||||||||||||||38,896|48,348||||
|5<br>Support costs|||||||||||||||allocated|||||||||to|activities|||||||||||||||||
|Office admin costs<br>Rates<br>Insurance<br>Travel and subsistence|||||||||||||||||||||||||||||||||||||2025<br>£<br>512<br>~~-~~<br>545<br>~~-~~|2024<br>£<br>3,333<br>114<br>546<br>726||||
|Storage costs|||||||||||||||||||||||||||||||||||||629|2,438||||
|Bank|||||charges||||||||||||||||||||||||||||||||108||108|||
|Governance costs|||||||||||||||||||||||||||||||||||||1,320|480||||
||||||||||||||||||||||||||||||||||||||3,114|7,745||||
|Analysed||||||||||between:||||||||||||||||||||||||||||||||
|Charitable activities|||||||||||||||||||||||||||||||||||||3,114|7,745||||
|6<br>Net movement|||||||||||||||in|||||funds|||||||||||||||||2025<br>£|2024<br>£||||
|The||||net||||movement in||||||||||||||funds is stated after charging/(crediting):||||||||||||||||||||
|Fees|||||payable for||||||||||||the independent|||||||||||examination ofthe||||||||||||||
|charity's|||||||||financial|||||||||statements|||||||||||||||||||1,320|480||||



Page 11 

Three's Theatre Company Ltd Company Limited By Guarantee 

## Notes to the financial statements (continued) 

## For the Year ended 31 July 2025 

## 7 Trustees 

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. 

8 Employees 

The average number of employees including the directors during the year was: 

||2025|2024|
|---|---|---|
||£|£|
|Trustees||5<br>5|
||——|————|



9 

## Taxation 

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes ~~.~~ 

10 

11 

## Creditors: amounts falling due within one year 

|||||2025<br>2024<br>£<br>£|
|---|---|---|---|---|
|Accruals and deferred income||||900<br>480|
|||||900<br>480|
|Restrictedfunds|||||



The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. 

||||At 1||At 31|
|---|---|---|---|---|---|
||||August<br>Incoming<br>Resources<br>July|||
|Restricted||funds|2024<br>resources<br>expended _ Transfer<br>2025<br>£<br>£<br>£<br>£<br>£<br>10,000<br>54,002<br>(36,786)<br>(7,790)<br>19,426|||
||||10,000|54,002<br>(36,786)<br>(7,790)<br>19,426||
||||At 1||At 31|
||||August<br>Incoming<br>Resources<br>July|||
|Restricted||funds|2023<br>resources<br>expended<br>Transfer<br>2024<br>£<br>£<br>£<br>£<br>£<br>5,398<br>45,305<br>(47,128)<br>6,425<br>10,000|||
||||5,398|45,305<br>(47,128)<br>6,425<br>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 2025 

## 12 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 ~~.~~ 

|||||||||||At 1|||||||At 31||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||August|Incoming|||Resources|||July||
|||||||||||2024|resources|||expended _|Transfer||2025||
|||||||||||£||£||£|£||£||
|Unrestricted funds||||||||||22|||~~-~~|(2,110)|7,790||5,702||
|||||||||||22|||~~-~~|(2,110)|7,790||5,702||
|||||||||||At 1|||||||At 31||
|||||||||||August|Incoming|||Resources|||July||
|Unrestricted funds||||||||||2023<br>£<br>2,643|resources<br>£<br>5,024|||expended<br>£<br>(1,220)|Transfer<br>£<br>(6,425)||2024<br>£<br>22||
|||||||||||2,643||5,024||(1,220)|(6,425)||22||
|Analysis|Analysis|Analysis|Analysis of net||assets between funds||||||||||||||
|||||||||||||||Unrestricted|Restricted||||
|||||||||||||||funds|funds||Total||
|At 31 July 2025:||||||||||||||2025<br>£|2025<br>£||2025<br>£||
|Current||assets/(liabilities)||||||||||||5,702|19,426||25,128||
|||||||||||||||5,702|19,426||25,128||
|||||||||||||||Unrestricted|Restricted||||
|||||||||||||||funds|funds||Total||
|At 31 July 2024:||||||||||||||2024<br>£|2024<br>£||2024<br>£||
|Current||assets/(liabilities)||||||||||||22|10,000||10,022||
|||||||||||||||22|10,000||10,022||



13 Analysis of net assets between funds 

Page 13 

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