REGISTERED CHARITY NUMBER: 1049259
REPORT OF THE TRUSTEES AND UNAUDITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
FOR
N K THEATRE ARTS
D Wilson & Co
21, Charnwood Avenue
Denton
Manchester
M34 2WY

N K THEATRE ARTS
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
The trustee5 present their report with the fina ncial statements of the charity for the yea r ended 3 1 August
2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of
Recommended Practice a pplicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the Ul( and Republic of Ireland IFRS 1021 (effective l January 20151.
OBJECTIVES AND ACTIVITIES
Activities
The principal activity of the charity continues to be that of provid ing the opportunlty for people of all ages,
irrespective of ability, d isability, status or culture to realise their full potential th rough the exploration of
perform i ng arts. This will be u nderta l<en within an environment where individuals are not labelled and all
members are given an equal opportunitytogrow and enjoy the conceptof artsfor all, Ouraim isto promote
self-belief and dispel self-doubt, enabling people to be heard who might otherwise be overlooked,
We provide 3 base for other local community organisations and performing arts socleties with a high quality
space for cultural events,
Our outreach programme delivers soclal and issue based presentations to children, young people and
vulnerable adults delivering pertinent Issues in partnership with institutions such as The NSPCC and the
police.
In deciding which activities to undertake the trustees have paid due regard to the Charity Commission's
guidance on public benefit.
Policies and organlsation
N K Theatre Arts has a board of Trustees ccnsisting of interested individ uals a nd volunteer representatives,
The Trustees bring a broad ra nge of expertise to the organisation covering finance and banl<ing, strategic
management, HR, Safeguardlng. The Board has specific sub-groups, which are mandated to plan and review
certain a reas of worli, which report to the full board,
ACHIEVEMENT AND PERFORMANCE
enin
Stat
ment b the Trustee board.
This has been an extremely difficult year for the Charity. Upon the DFES shutting schools With Reinforced
Autoclaved Aerated Concrete IRAACI, all local authorities were advised to check their portfolio and it became
apparent that The Forum Theatre, the home of our Charity had significant areas of RAAC in its roof structure,
There then followed strong advice from Stockport Council to close the theatre immediately whllst
assessment5 were made and repairs carried out. This meant from early September 2023 until mid june 2024,
the use of the theatre for workshops and performances wa5 significantly impacted, The main auditorium of
the theatre was closed throughout this period. With insura nce not able to cover the losses due to the lack
of an insured event, the Charity ha5 made a significant and unforeseen loss for this financia I year which has
massively impacted the reserves of the organisation. These losses have prevented the regular reinvestment
we would expect to make on equipment and facilities and we will seek during the forthcoming year to secure
a ppropriate funds for this.
Page I

Lon
term
lannin
With "temporary repairs" and not long term replacement made to the structure af the building, we will be
working closely with the local a uthority in the coming year as we look to formulate specific plans to secure
the long term future of the Forum Theatre as a base for our Charity. The current lease between Stockport
Council and NKTheatre Arts finishes in 2033.
Income and Ex
enditure Summar
The company accounts Show a significant Ioss for the year of £123,569 down from a surplus of £13,388 in the
previous year. Our turnover dropped from £760,000 to £370,545 a drop of over 50Y.. Although expenditure
also fell, it was not proportionate due to the additional costs Incurred in hiring alternative venues for
workshop5 and productions.
Grant5 and donations were slightly up on the last 12 months, essentially due to funding received for
improvement5 to our sound equipment which was upgraded over the summer. We were however extremely
disappointed that funding of over £90,000 awarded to us could not be claimed as we were not in a position to
fulfil terms of the grant award due to our closure.
Subscriptions and Membership rose to £79k and we were delighted that so many of our members remained
with the company during such a difficult time.
A large proportion of our incotlle this year arose from our Outreach projects which saw an income of over
£50,000 for the company as we launched projects with prestigious partners such as the NSPCC, This level of
income was welcome due to the income falls in so many other areas of the company such as productions,
events, theatre hire and bar income.
Membershi
and Worl<sho
We worked with 264 children and young people as part of our Performing Arts Workshop5 this year. Sessions
were split over several different sites and it is a credit to the artistic team that so many members were
attending despite the ongoing difficulties that the company faced.
Forum Theatre
The theatre was closed untll June '24 meaning only 18 events took place during the year September- August.
We are lool<ing forward to welcoming our traditional partner5 for the coming 12 months as shows are
postponed and re-arranged as opposed to cancelled.
Page 2

FINANCIAL REVIEW
Investment pollcy
The charity places a ny surplus funds on deposlt i n a n interest bea ring ba nk account,
Financial review and reserles
The board of trustees a re respDnslble for the fina ncial management policies, Annual budgets are prepared
and approved atthe commencementofeachyearand actual incomin8 and outgoing resources are monitored
at regular intervals,
The cha rity's funding stream is primarily subscriptions, sponsorship, grants and donations, bar taki ngs, show5
and theatre hire,
Income fell significantly to £370.54512023- £773,661) with Expenditure at £494,14412023 - £760,283).
Net loss for the year is £123,56912023 - £13,388 surpltjsl
Unrestricted funds are £111,113 {2023 - £234,682) and the trustees accept that the company need to return
to a surplus trading situation In the next financial year to enable the effective financia I management of its
activities at their present level.
Given the overall situation regarding the closure of The Forum for such a large period of time, such losses
were predicted at the beginning of the year. It is also acknowledged that without the growth of our Outreach
programme, developing key relationships with organisations such as The NSPCC in the process and the
ongoing support of our members who remained loyal to the organisation, those losses would have been far
greater.
We also tha nk Stockport Council for find i ng the funding necessa ry to repair the public areas of the building,
which allowed us to opErate events once again to see increase in income towards the end of the year.
The Trustees would like to place on record their thanks to the staff and volunteers who have supported the
company throughout this period of uncertainty.
Page 3

N K THEATRE ARTS
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
PLANS FOR FUTURE PERIODS
The board looks optimistically forward to the coming year with a busy prograrnme of events which should
ensure a high level of turnover.
We remain in discussion with Stocl<port MBC regarding the long-term future of The Forum Theatre which is
key to the sustaina bility of our Charity.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated
charitv.
Risks
The trustees have identified the major risks that the charity may be exposed to in the next financial year
and have established strategies to ma nage those risl<s.
Page 4

N K THEATRE ART5
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Reglstered Charity number
1049259
Principal address
The Forum Theatre
Compstall Road
Romiley
Stockport
Cheshire
SK6 4EA
Trustees
The Trustees who served durlng the year were as follows,.
Stuart Dea n Icha irl
Ann Wrigley (Vice Cha ir)
Peter Curran (Secretary)
Elizabeth Dunn
Richard Hall
Michael Lamont
Wendy Meikle
Leanne Thorniley
Julian Stafford.
The finances of the company are overseen by a Finance Committee comprising Stuart Dean, Michael Lamont
and Darren Stannage.
The day to day management of the Charity Is delegated by the charity trustees to Darren Stannage and the
Managementteam.
Approved by order of the board of trustees on and signed on its behalf by.,
S Dean {Chair of Trustee Board)
Page 5

N K THEATRE ARTS
STATEMENT OF TRUSTEES RESPONSIBILITIES
FOR THE YEAR ENDED 31 AUGUST 2024
The trustee5 are responsible for preparing the Trustee5' Report and the f inancial statements in accordance
with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financia I statements
for each financial year whlch gives a true and fair view of the state of affa i rs of the cha rity and of it5 incoming
resou rces and a pplication of resources for that period. In preparing these f i nancia I statements, the trustees
are required to..
lal select suitable accounting policies and apply them consistently;
Ib} observe the methods and principles in the cha rities SORP;
Ic} make judgements and estimates that are reasonable and prudent;
Id) state whether applicable accounting standards have been followed, Subject to any departures
disclosed a nd expla ined in the fina ncial statements;
lel prepa re the fi nancia I statements on a going concern basis unle5S It is inappropriate to presume that
the charity wi I I continue in operation.
The trustees are responsible for keeping accounting records that disclose with reasona ble accuracy at any
time the f inancial position of the charity and them to ensure that the financial statements comply with the
Charities Act 2011, the Charity IAccounts and Reports) Regulations and the provisions of the rules. They are
also responsible for safeguarding the a55ets of the charity and hence for taking reasonable steps for the
prevention and detection of fraud 8 nd other i rregularitie5.
Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
N K THEATRE ARTS
Independent examiner's report to the trustees of N K Theatre Arts
I report to the charity trustees o n my examination of the accounts of N K Theatre Arts (the Trustl for the year
ended 31 August 2024.
Responsibilities and basis of report
As the cha rity trustees of the Trust you are responsible fo r the preparation of the accounts in accordance
with the req uirements of the Charities Act 20111'the Act'l.
I report in respect Df my examination of the Trust's accounts carried out under section 145 of the Act and in
ca rrying out my exarnination I have followed all applicable Directions given by the Cha rity Commission under
section 14515llbl of the Act.
Independent examlner's statement
I have completed my examination. I confirm that no material matters have come to my attention in
con nection with the examlnation giving me cause to believe that in any materia I respect:
accounting records were not kept in respect of the Trust as required by section 130 of the Act,. Dr
the accounts do not accord with those recDrds,' or
the accounts do not comply with the applicable requirements concerning the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a true and fair view which is not a matter considered as part of
an independent examination.
I confirm that there are no other matters to which your attention should be drawn to enable a proper
understanding of the accounts to be reached.
D Wilson & Co
21, Charnwood Avenue
Denton
Manchester
M34 2WY
Date.. 2411/25
Page 7

N K THEATRE ARTS
NOTES TO TNE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
ACCOUNTING POLICIES
Basis of preparlng the financlal statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been
prepared in accordance with the Charities SORP IFRS 102} 'Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their accounts in accorda nce
with the Fi nancia l Reporting Standard a pplicable in the U K a nd Republic of I reland IFRS 1021 {effective
l Ja nuary 20151,, Financia l Reporting Standa rd 102 'The Financia l Reporting Standa rd applicable in the
UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared
under the historica I cost convention.
The charity has ta l<en advantage of the following disclosure exemptions in preparing these fln'ancial
statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and
Republic of Ireland,:
the requirements of Section 7 Statement of Cash Flows;
the requ irement of Section 3 Fina ncial Statement Presentation pa ragra ph 3.17ldl;
the requirements of Section 11 Financial Instru ments paragraphs 11.41lbl, 11.41lcl, 11.41{el,
11.41{f), 11.42, 11,44,11.45, 11.47, 11.481allii il, 11.48{all',,I, 11.481 bl and 11.48lc);
the requirement of Section 33 Related Party Disclosure paragraph 33.7.
Incoming resources
All i ncom ing resources a re included in the statement of financial activities when the charity is entitled
to the income and the amount can be quantified with reasonable accuracv.
Contracts and grants are reflected in the accounts when receivable.
Resources expended
Expenditure has been charged to the income and expenditure account on the accruals basis. The
irrecoverable element of VAT is included with the item of expense to whlch it relates.
Cha ritable expend iture comprises these costs incurred by the charity in the delivery of its activities
a nd services for its beneficiaries. It i ncludes both costs that ca n be allocated directly to such activities
and those costs of an indirect nature necessary to support them.
Governance costs include those costs associated with meeting the constitutional and statutory
requirement5 of the charity and include the fees and costs linked to the strategic management of the
charity.
Page 8

Tanglble fixed assets
Depreciation 15 provided at the following annual rates in order to wrlte off each asset over its
estimated useful Ilfe.
Land and buildings
Plant and machinery
Fixtures and fittings
Stra ight line over 5 yea rs
200/0 reducing ba la nce basis
IO¥o reducing ba lance basis
Taxation
The organisation is exempt from income tax by re350n of ils charitable status. Income tax suffered on
investment income is reclaimed in full,
Fund accountlng
U n restricted funds can be used in accordance with the charitable objectives at the discretion of the
trustees,
Restricted fu nds can only be used for particular restricted purposes within the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted
purposes.
Fijrther explanation of the nature a nd purpose of each fund is included i n the notes to the financia
slatements.
Leasing comrni'tments
Renta Is paid under operating leases are charged lo income on a straight line basis over the lease term.
Penslon costs
The charity operates a defined contribution pension scheme. Contributions payable to the charity's
pension scheme a re cha rged to the Statement of Fina ncial Activlties in the period to which they relate.
Page 9

N K THEATRE ARTS
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2024
Rèstriotèd
Fijnds
2024
Unr8StriGted
Funds
2024
Total
Funds
2024
Total
Funds
2023
Nots8
INCOMING RESOURCES
Sponsorshlps
Grants, donations and fundr3lslrrfJ
Investment Incom
In¢¢mtr r080urc8s from charflable acbvllles
Other Incomg resDufc8S
TOTAL INCOMING RESOURCES
4,171
48,427
4,171
48.427
2,408
298.935
16,804
370 545
2,2D4
39,398
1,832
704,189
26,048
773 671
298,935
16,604
RESOURCES EXPENDED
Cost of gengrallng fund8
Overhèads in lurtheranc6 of Charliablo objoclivè5
Costs of activities in lurth8ranc8 01 ch8ritsblg objeclives
Support and govemance costs
Depreci£tion
TOTAL RESOURCES EXPENDED
272,705
55,321
129,966
11,063
25,059
494114
272,705
55,321
129,966
11,063
25,059
494114
344,272
73,386
308,889
10,515
23,221
760,283
10
13
NET INCOME I IEXPENDrruREI
1123.5e91
1123,5891
13.388
RECONCILIATION OF FUNDS
Tolal funds brought fOr￿ard
ConlrlbLrtlon Fund81¢ S8aling
234,682
234,682
221.294
TOTAL FUNDS CARRIED FORWARD
111,113
111,113
234,682
The not88 form part of these financial staiemenls
Page10

N K THEATRE ARTS
BALANCE SHEET
AT 31 AUGUST 2024
2024
2Q23
Not85
FIXED ASSETS
rangiblo assgls
13
88,￿8
79,670
CURRENT ASSETS
Stocks
Debtors
Cash at bank and In hand
14
15
5,220
1,736
96,411
103,367
2,950
13,335
207,697
223,982
REDITORS
Amounts falllng due wilhln one year
16
80.722
68 970
NET CURRENT ASSETS
22,648
155,D12
TOTAL ASSETS LESS CURRENT LIABILITIES
111 113
234 682
FUNDS
Unr8slri¢led funds
Rèstrlolgd funds
111,113
234,882
TOTAL FUNDS
111,113
234 682
Thè finsnclal slat8mènts w&re approved by the Trustees on 2411125 and wgr8 Signgd on Ih8lr behalf by:
stuart D£an- Chair of Trustee Board
Page 11

N K THEATRE ARTS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
SPONSORSHIPS
2024
2023
Sponsorshlp Income- 1000 Club
4,171
2,204
GFiANTS, DQNATION5 AND FUNDRAtSlNG
2024
2023
Gr&nl$, donallons and fundralslng
48,427
39,389
INVESTMENT INCOME
2024
2023
Interest receiv8d
1,832
INCOME RESOURCES FROM CHARITABLE ACTIVITIES
2024
2023
Subscriptlons and m8rnberships
Workshop8, shows and 8V8nts
Theatre hi
Extern81 Ticket Incorne
Bar sales
Merchandl8ing
79,853
97,476
4,427
87,900
28,739
540
298.935
71,700
126,836
27,258
329,017
148,072
1,306
704,189
OTHER INCOME RESOURCES
2024
2023
R8nt r8cèivèd- Café
Managernent charges- BRCA
Other Sundty Income
15.997
20.878
607
COSTS OF GENERATING FUNDS
2024
2023
staff salarles, natlonal ingurance and penslon costs
Sell employed adminislralors
Fr881ance praclilioners
BRCA Costs
Bar purchasgs
Relre3hments
Trav&lllng expenses
225,134
32,7é0
830
248,083
29,478
4,733
3,402
60,524
12,439
1,542
52
344,272
272,705
Page 12

N KTHEATRE ARTS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
OVERHEAD8 IN FURTHERANCE OF CHARITABLE OBJECTIVES
2024
2023
Theatre hlre
Gen6ral ratès
Heal, light and water
Training
Repairs and equipment
Cloaning
Health and safety ctssts
Telgphong gnd inlernel
Sanitation and waste
Sundry w8ns85
5,S47
10,994
21,e97
464
50,D63
4,081
11,039
534
858
1,681
3,443
787
73,386
6,375
753
1,289
2,983
5.203
80
COSTS OF ACTIVITIES IM FLIRTHERANCE OF CHARITABLE OBJECTIVES
2024
2023
Workshops, shows and event5
Extemal Promolor Exp$
M8rch3ndi$ing
Publlcity and advertlslng
Auditorium S83bng Prol8Ct
Sale of Equipment
Fundraising expenses
64,680
SS,5S2
728
4,144
62,571
234,643
895
4,435
6,345
308 889
129,966
10. SUPPORT AND GOVERNANCE COSTS
2024
2023
Insurances
AGcounlancyfe?s
Bank int8r&st and charg&s
Credit card charg8S
otrice Equuipnent
Postage, prlnling and stationery
Llc8nc$ fo¢s
Bad dèbts
4,473
350
3,816
325
1,486
1.784
718
2,252
2,621
843
654
2,256
11,062
10,515
11. TRUSTEES. REMUNERATION ANO BENEFITS
There was no Irusl¢es' remuneratlon pald in ye3r to 31 August 2024 IY.E. 31 August 2023 was nlll
The￿ wer8 no trust8es' expense5 paid for tha years ended 31 August 2024 8nd 31 Augus12023.
12. STAFF COSTS
The average number of employaos during th• yèar was 2512023- 251,
No employees r￿9]Ye￿ emoluments in excess of £60,000.
Page 13

N K THEATRE ARTS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
13. TANGIBLE FIXEO ASSETS
Land &
Bulldlngg
Plant &
Equipment
FlxtsJro$ &
Flttln9S
Total
COST
Al 1 S8Ptemb8r 2023
Addltlons
Disposals
Al 31 August 2Q24
216,710
33,855
103.733
320,443
33.855
250,565
1D3733
354,298
DEPRECIATION
Al 1 Sgplember 2023
Charg& lor year
Disposals
Al 31 Augu312Q24
176,689
15,146
84,D83
9,912
240,772
25,058
191,836
265 830
NET BOOK VALUE
At 31 August 2024
58,73D
88,468
Al 31 August 2023
40,021
79,671
14. STOCKS
2024
2023
Bar
Morchandislng
Ic8s
4,848
2,950
312
5,220
2,950
15. DEBTORS
2024
2023
Trade debtors
Prepayment8 and accrued income
Gift ald debtor
1,736
4,835
8,500
1,736
16. CREDITORS
2024
2023
Trade credltors
Social security and oihertaxes
Accruals and deferred income
67,136
3,747
59,758
3,887
5,325
80,722
17. RELATED PARTY DISCLOSURES
There no rela19d party transac￿on$ for the year ended 31 August 2024
Page14