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2022-03-31-accounts

REGISTERED COMPANY NUMBER: 02170819 (England and Wales) REGISTERED CHARITY NUMBER: 1049574

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

FORCED ENTERTAINMENT LIMITED

FORCED ENTERTAINMENT LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

Page
Chair’s Introduction
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8 to 9
Statement of Cashflows 10 to 11
Notes to the Financial Statements 12 to 20

FORCED ENTERTAINMENT LIMITED

CHAIR’S INTRODUCTION FOR THE YEAR ENDED 31 MARCH 2022

Chair’s introduction

It’s no understatement to say that the turbulent times currently facing the world present an exceptionally challenging context in which to operate. As Forced Entertainment finalises this annual report and financial statements for the twelve months from April 2021 to March 2022, complex external factors including climate change, conflict, unprecedented energy and fuel costs, rising inflation and the increasing cost of living indicate that times will continue to be unsettled around the world. In the arts sector, these, together with the impacts of the ongoing pandemic and Brexit, create further instability for our work engaging audiences and participants in exceptional new projects.

However, I’m pleased to introduce this report on a year of successful creative output and an increasingly fruitful participatory programme. The report demonstrates well the qualities of creative adaptability and managerial resourcefulness that remain at the core of Forced Entertainment’s practice as a long-standing, consistently dynamic and inventive ensemble of artists, supported by a skilled and conscientious management team and inspiring participation producer.

In 2021/22, the strategic review undertaken by the company continued to directly inform our work, particularly our application to Arts Council England for national portfolio organisation funding. We are hugely grateful for the input to the application process from experienced colleagues from outside the company. The process helped us clarify our thinking and resulted in the implementation of specific actions as well as more inclusive and relevant planning. As a result of this work we refreshed the company’s Vision, Mission and Values and improved our policies and practice particularly around Equality, Diversity and Inclusion, and Environmental Responsibility.

In 2021/22, the company continued to work towards greater inclusivity with participation in the Arts Marketing Associations’ Breakthrough inclusion programme by both artistic and management team, and a commitment to continue to increase the diversity of the artists, staff, board and partners we work with. Our recognition of the lack of diversity within the organisation prompted the instigation of a new Associate Artist role, the development of a new artistic collaboration, and the expansion of our board through an open recruitment process. We’re pleased to have consolidated and deepened our relationships with partners in Sheffield through our participatory programme. These will inform our discussions about artistic plans to mark the company’s 40th anniversary in 2024.

Another outcome of our strategic review was to undertake an audit of the last 5 years of environmental data relating to touring. The results of this audit and the collaboration of our Production Manager in the development of the Theatre Green Book touring toolkit, which has become an industry standard, will enable us to continue to reduce our carbon footprint in relation to travel, transport and sustainable production.

I’m grateful for the thoughtfulness, openness and commitment shown by my fellow board members and the artistic and management teams in our discussions about the company's longstanding and ongoing commitment to making a difference to the lives of audiences and participants through its work on and off stage. The longevity of the ensemble’s artistic collaboration stands Forced Entertainment in good stead to continue to engage audiences, be receptive and responsive to change, to adapt and yet remain a unique theatrical ‘Tour de force’.

D J Chadbourn - Chair

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

FORCED ENTERTAINMENT LIMITED

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The principal activity of the company in the year under review was that of the advancement of education for the public benefit by the promotion of the arts, in particular but not exclusively the art of drama, and to present, promote, organise, provide, manage and produce dramas, dance, operas, films, broadcasts, concerts, musical pieces, entertainments, exhibitions, tutorials, seminars, courses and workshops, whether on any premises of the company or elsewhere.

The object for which the company is established is “to advance education for the public benefit by the promotion of the arts, in particular but not exclusively the art of drama”.

Our Vision is that our work creates a space which allows people of all backgrounds to rethink the world and their potential in it; our Mission is to explore the possibilities of playful, complex and provocative art, its power to ask questions and to connect people; and our interactions with colleagues, partners, audiences and participants are guided by generosity, rigour and a commitment to collaboration (our Values ).

Programme of activity

Audiences development

Management, finance, and governance

Page 1

FORCED ENTERTAINMENT LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

ACHIEVEMENT AND PERFORMANCE Charitable activities

Programme of activity

In 2021-22 the arts sector began to emerge from the full force of the COVID pandemic however it remained a year of uncertainty in relation to our core business activity of producing and touring live performance in the UK and internationally. We began the year delivering work online while the majority of the staff were part-time furloughed, and from summer 2021 the company made the cautious transition from remote working to live and face to face activity.

Key activities this year were:

Audience development

As outlined above, 2020-21 saw a blend of online and live activity over the year, and audience were very positive despite the difficult circumstances surrounding the pandemic.

Data from social media activity shows that we have maintained strong engagement across all platforms to both promote audiences to our digital activity as well a vehicle for marketing our live touring activity. There was a continued a rise in YouTube subscribers reflecting the work we have been putting online. ‘How The Times Goes’ the new digital piece received 1,051 views between 21/6 – 1/9/21 and ‘Complete Works At Home’ showed a continuing strong level of views with the top 5 plays viewed attracting 1,354 views in the same viewing period.

Page 2

FORCED ENTERTAINMENT LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

We began live touring in September 2021 and venues continued to be impacted by COVID through a generally cautious return to theatres by audiences. Internationally we presented 89 performances (including two presentations of ‘Complete Works’ and premiere of ‘Under Bright Light’) to 7,340 audience at 79% capacity filled (note around 60% of venues were operating reduced capacities so the 79% filled statistic is a little distorted). We presented one performance of ‘To Move In Time’ in Croydon to 67 people (71% capacity filled).

Participation

Our Paul Hamlyn funded ‘Subject To Change’ participatory project, delayed in 2020 because of the pandemic, finally got underway in June 2021 and delivered 87 sessions over an 18-month period to June 2022, supporting 532 young people in Sheffield to develop their own creative voices and increase their engagement with the arts. Our offer included a series of pilot/ taster sessions, intensive holiday projects and weekly sessions through the school term. In addition, we offered bespoke, paid training to 4 freelance artists into FE’s particular approach to participation and developed a new, paid creative team for the 18 months of the project. The work culminated in 2 performances - an informal presentation at ACCT and a public performance to community audience at the Sheffield Crucible Theatre. We employed a team of ethnographic evaluators and filmmaker/ evaluator to help us understand the impact of our work and to evidence learning from an independent social science perspective and look forward to receiving the full report which will be delivered in September 2022. The full report will enable us to develop our participation programme and partnerships further and inform future plans to train more freelance artists to collaborate with young people on participation projects from 2023.

FINANCIAL REVIEW

Financial position

The statement of financial activities included in this report presents a turnover of £562,164 (2021: £683,007). The decrease in income this year is largely due to last year receiving COVID-19 JRS support scheme. Total expenditure for charitable activities amounted to £648,682 (2021: £439,238).

Income generation from Trusts and Foundations this year include £254,091 from Arts Council England and £2,493 from Sheffield Theatres Crucible Trust.

The statement shows the consolidated position for all funds of £418,780 (2021: £505,298) including the Ibsen Award designated fund that was created in 2016-17 and restricted funds for Participation and Agency projects.

Principal funding sources

To achieve the planned programme, annual budgets are modelled on average predicted levels of 55% earned/contributed income and 45% ACE subsidy. Achievable targets for earned income are set and approached with confidence through a well-established business model, and production income is raised through an established and evolving range of partnerships. In 2021-22, Arts Council England National Portfolio Funding represented 45% of turnover.

Reserves policy

As at 31 March 2022, the total reserves were £418,780 (2021: £505,298). Of these, designated funds were £46,968 (2021: £72,652) and general reserves were £309,832 (2021: £286,977). The designated funds represent funds earmarked for ongoing projects and are being spent down over a number of years. Restricted funds at 31 March 2022 are £61,980 (2021: £145,669).

The policy is to hold general funds equivalent to a minimum of three months' general fund expenditure. At 31 March 2022 this has been achieved with the general reserve equivalent to 6 months' expenditure (2021: 6). These reserves are needed to meet significant future uncertainty as a result of the coronavirus pandemic, as well as plans and working capital requirements should there be a material deficiency in funding at any point in the future.

Page 3

FORCED ENTERTAINMENT LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Forced Entertainment Limited is a company limited by guarantee (company no. 02170819), governed by its Memorandum and Articles of Association dated 30 September 1987 and amended to allow the current governance on 21 August 1995 and 16 May 2012. It is registered as a charity with the Charity Commission (registered charity no. 1049574).

Recruitment and appointment of new trustees

As set out in the Articles of Association, the Company and Board of Trustees nominate the Chair of the Board. A trustee's term of office terminates if any rules in 6.6 of the Articles of Association apply. When considering recruiting new trustees, the board considers any specialist skills or experience that may be currently under-represented.

Organisational structure

The Board of Trustees, which currently has seven members, administers the charity. The Board meets quarterly and the pay and remuneration sub-committee meets annually. Other issue-specific meetings may be convened during the year as required. The artistic policy is decided on by the creative team (Writer/Artistic Director Tim Etchells, Designer/Performer Richard Lowdon and Performers/Co-devisors Robin Arthur, Claire Marshall, Cathy Naden and Terry O'Connor). The board and company appoint an Executive Director (Eileen Evans), Participation Producer (Imogen Ashby), and Production Manager (James Harrison) to manage the day-to-day operations of the charity. To facilitate effective operations, the Executive Director has delegated authority, within terms and conditions approved by the trustees, for operational matters including finance and employment.

Management

The management team remains reduced due to the ongoing recruitment freeze implemented during the pandemic in 2020-21. The Executive Director and Production Manager continued to take on a wider range of responsibilities supported by two marketing freelancers to keep our profile and communication with audiences strong. The full-time Participation Producer role was essential to manage the complex face to face delivery of 'Subject to Change' and ongoing development of the participation offer and our work with young people throughout the year. The recruitment freeze will remain in place until we have the outcome of our Arts Council England's (ACE) NPO application in October 2022.

The Board of Trustees continued to meet online throughout the year including an awayday in May 2021. Standing items at meetings include artistic, participation, financial, audience development, diversity and environmental reporting. This year additional meetings were held to a) continue the strategic review and longer- term business planning that began in November 2019 and b) the detailed planning processes around the ACE NPO application, our main source of public funding which represents on average 45% of our income per year. This work was complex and involved a deep and thoughtful interrogation of the company's offer and ability to align itself with the new ACE ten-year strategy 'Let's Create'. Our application was submitted in May 2022 and the outcome will be known in late October 2022. We look forward to our first In-person Board meeting in September 2022.

Trustee induction and training

New trustees will receive induction training to brief them on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the business plan and recent reports on the financial performance of the charity. During the induction training they may meet key employees and other trustees. The trustees have had due regard to guidance published by the Charity Commission on public benefit.

[Note on terminology: when this document refers to 'the company', this includes the creative and management teams of Forced Entertainment Limited. 'Trustee(s)' is shorthand for the members of the board, who are both directors and trustees of Forced Entertainment Limited.]

Page 4

FORCED ENTERTAINMENT LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT

Risk management

The Company and Board plan for and anticipate risks through a process of artistic, organisational and financial planning which is supported by a three-year business plan, annual organisational plans, a health and safety policy and an annual budget that is reviewed quarterly. A key element in the management of financial risk is the setting of a reserves policy and its regular review by the trustees, combined with internal measures covering the setting and revision of budgets and the authorisation of payments.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

02170819 (England and Wales)

Registered Charity number

1049574

Registered office

Unit 502 The Workstation 15 Paternoster Row Sheffield South Yorkshire S1 2BX

Trustees

F H Babbage D J Chadbourn (Chair) A J Friedli D J Kok A E Lloyd I Hirst L N Whitter (appointed 15 September 2021)

Independent Examiner

Sedulo Leeds Limited St Paul's House 23 Park Square Leeds West Yorkshire LS1 2ND

Approved by order of the board of trustees on 26[th] September 2022 and signed on its behalf by:

.......................................................................... E Evans - Secretary

Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FORCED ENTERTAINMENT LIMITED

Independent examiner's report to the trustees of Forced Entertainment Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ACCA which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

David Stansfield ACCA Sedulo Leeds Limited St Paul's House 23 Park Square Leeds West Yorkshire LS1 2ND

Date: 19 December 2022

Page 6

FORCED ENTERTAINMENT LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Grants and awards
2
324,800
Charitable activities
Touring and production
159,856
Participation
26,852
Agency
9,725
Other trading activities
3
265
Investment income
4
639
Other income
3,708
Total
525,845
EXPENDITURE ON
Raising funds
-
Charitable activities
5
Touring and production
528,674
Total
528,674
NET INCOME/(EXPENDITURE)
(2,829)
RECONCILIATION OF FUNDS
TOTAL FUNDS CARRIED FORWARD
356,800
Total funds brought forward
359,629		 Restricted
funds
£
2,493
33,826
-
-
-
-
-
36,319
-
120,008
120,008
(83,689)
61,980
145,669		 31.3.22
Total
funds
£
327,293
193,682
26,852
9,725
265
639
3,708
562,164
-
648,682
648,682
(86,518)
418,780
505,298		 31.3.21
Total
funds
£
543,742
122,412
2,000
3,185
11,463
205
-
683,007
867
438,371
439,238
243,769
505,298
261,529

The notes form part of these financial statements

Page 7

FORCED ENTERTAINMENT LIMITED

BALANCE SHEET 31 MARCH 2022

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
11
3,472
CURRENT ASSETS
Stocks
12
3,215
Debtors
13
38,525
Cash at bank and in hand
379,208
420,948
CREDITORS
Amounts falling due within one year
14
(67,620)
NET CURRENT ASSETS
353,328
TOTAL ASSETS LESS CURRENT LIABILITIES
356,800
NET ASSETS
356,800
FUNDS
15
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
-
61,980
61,980
-
61,980
61,980
61,980		 31.3.22
Total
funds
£
3,472
3,215
38,525
441,188
482,928
(67,620)
415,308
418,780
418,780
356,800
61,980
418,780		 31.3.21
Total
funds
£
4,629
3,215
24,614
567,636
595,465
(94,796)
500,669
505,298
505,298
359,629
145,669
505,298

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 8

FORCED ENTERTAINMENT LIMITED

BALANCE SHEET - continued 31 MARCH 2022

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 26[th] September 2022 and were signed on its behalf by:

............................................. D J Chadbourn - Trustee

The notes form part of these financial statements

Page 9

FORCED ENTERTAINMENT LIMITED

STATEMENT OF CASH FLOWS 31 MARCH 2022

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Interest received
Net cash provided by investing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning
of the reporting period
Cash and cash equivalents at the end of the
reporting period		 31.3.22
£
(127,087)
(127,087)
639
639
(126,448)
567,636
441,188		 31.3.21
£
240,282
240,282
205
205
240,487
327,149
567,636

The notes form part of these financial statements

Page 10

FORCED ENTERTAINMENT LIMITED

STATEMENT OF CASH FLOWS 31 MARCH 2022

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES OPERATING ACTIVITIES
31.3.22 31.3.21
£ £
Net (expenditure)/income for the reporting period (as per the Statement
of Financial Activities) (86,518) 243,769
Adjustments for:
Depreciation charges 1,157 1,543
Interest received (639) (205)
(Increase)/decrease in debtors (13,911) 24,562
Decrease in creditors (27,176) (29,387)
Net cash (used in)/provided by operations (127,087) 240,282
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.21 Cash flow At 31.3.22
£ £ £
Net cash
Cash at bank and in hand 567,636 (126,448) 441,188

Page 11

FORCED ENTERTAINMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

The financial statements have been prepared under the historical cost convention.

Going concern

In common with virtually every other business in the country, the Company has been experiencing the effects of the Coronavirus pandemic. Whilst the full impact of this exceptional situation on the Company cannot be assessed with complete certainty at the current time, the Trustees believe they have taken all possible steps to protect the Company including accessing relevant Government assistance.

At the time of signing these accounts the Trustees are of the opinion that the Company will remain viable for the foreseeable future and therefore these Financial Statements have been prepared on the Going Concern basis.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Allocation and apportionment of costs

Direct costs are allocated to the activity to which they directly relate.

Support costs are allocated by direct apportionment where appropriate. Other support costs are allocated based on an estimate of a proportion of total time spent.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on cost Motor vehicles - 25% on reducing balance

Page 12

FORCED ENTERTAINMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

1. ACCOUNTING POLICIES - continued

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds 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.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. GRANTS AND AWARDS

Donations
Grants
Grants received, included in the above, are as follows:
Arts Council England Core Funding
British Council Funding
Paul Hamlyn Foundation
Job Rentention Scheme
Sheffield City Council
D'Oyly Carte
Sheffield Town Trust
Church Burgesses
Art Breakers
Sheffield Theatres Crucible Trust		 31.3.22
£
595
326,698
327,293
31.3.22
£
254,091
-
-
70,114
-
-
-
-
-
2,493
326,698		 31.3.21
£
9,282
534,460
543,742
31.3.21
£
254,091
7,200
77,005
171,164
10,000
3,000
7,000
3,000
2,000
-
534,460

Page 13

FORCED ENTERTAINMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

3.
OTHER TRADING ACTIVITIES
Retail sales
Publication
4.
INVESTMENT INCOME
Deposit account interest
5.
CHARITABLE ACTIVITIES COSTS
Touring and production
Wages and salaries
Production costs
Premises overheads
Administration office costs
Building costs and insurance
Personnel
Touring costs
Marketing
Participation
Depreciation
Governance, legal and compliance		 Direct
Costs
£
235,097
132,674
-
-
-
-
47,235
13,555
46,191
-
-
474,751		 31.3.22
£
265
-
265
31.3.22
£
639
Support
costs (see
note 6)
£
122,392
-
21,253
8,376
8,892
2,602
-
-
-
1,157
9,259
173,931		 31.3.21
£
1,463
10,000
11,463
31.3.21
£
205
Totals
£
357,489
132,674
21,253
8,376
8,892
2,602
47,235
13,555
46,191
1,157
9,259
648,682

Page 14

FORCED ENTERTAINMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

6. SUPPORT COSTS

Management
£
Wages and salaries
122,392
Premises overheads
21,253
Administration office costs
5,360
Building costs and insurance
8,892
Personnel
2,602
Depreciation
1,157
Governance, legal and compliance
-
161,656		 Governance
Finance
costs
£
£
-
-
-
-
3,016
-
-
-
-
-
-
-
-
9,259
3,016
9,259		 Totals
£
122,392
21,253
8,376
8,892
2,602
1,157
9,259
173,931

7. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.3.22 31.3.21
£ £
Depreciation - owned assets 1,157 1,543

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

9. STAFF COSTS

The average monthly number of employees during the year was as follows:

31.3.22 31.3.21
Creative team 6 6
Management team 3 3
9 9

No employees received emoluments in excess of £60,000.

Page 15

FORCED ENTERTAINMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

10.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Grants and awards
451,737
Charitable activities
Touring and production
63,758
Participation
2,000
Agency
3,185
Other trading activities
11,463
Investment income
205
Total
532,348
EXPENDITURE ON
Raising funds
867
Charitable activities
Touring and production
433,381
Total
434,248
NET INCOME
98,100
RECONCILIATION OF FUNDS
Total funds brought forward
261,529
TOTAL FUNDS CARRIED FORWARD
359,629		 Restricted
funds
£
92,005
58,654
-
-
-
-
150,659
-
4,990
4,990
145,669
-
145,669		 Total
funds
£
543,742
122,412
2,000
3,185
11,463
205
683,007
867
438,371
439,238
243,769
261,529
505,298

Page 16

FORCED ENTERTAINMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

11.
TANGIBLE FIXED ASSETS
COST
At 1 April 2021 and 31 March 2022
DEPRECIATION
At 1 April 2021
Charge for year
At 31 March 2022
NET BOOK VALUE
At 31 March 2022
At 31 March 2021
12.
STOCKS
Stocks
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
VAT
Prepayments and accrued income		 Fixtures
and
Motor
fittings
vehicles
Totals
£
£
£
8,103
19,505
27,608
8,103
14,876
22,979
-
1,157
1,157
8,103
16,033
24,136
-
3,472
3,472
-
4,629
4,629
31.3.22
31.3.21
£
£
3,215
3,215
31.3.22
31.3.21
£
£
13,126
1,974
1,553
16,997
5,530
2,185
18,316
3,458
38,525
24,614

Page 17

FORCED ENTERTAINMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£ £
Trade creditors 29,549 2,535
Social security and other taxes 7,751 10,448
Other creditors 8,970 2,852
Accruals and deferred income 21,350 78,961
67,620 94,796

15. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Designated fund (IBSEN)
Restricted funds
Agency projects
Participation projects
TOTAL FUNDS		 Net
movement
At 1.4.21
in funds
£
£
286,977
22,855
72,652
(25,684)
359,629
(2,829)
53,664
(39,034)
92,005
(44,655)
145,669
(83,689)
505,298
(86,518)		 At
31.3.22
£
309,832
46,968
356,800
14,630
47,350
61,980
418,780

Page 18

FORCED ENTERTAINMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

15. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Designated fund (IBSEN)
Restricted funds
Agency projects
Participation projects
TOTAL FUNDS		 Incoming
resources
£
525,845
-
525,845
33,826
2,493
36,319
562,164		 Resources
Movement
expended
in funds
£
£
(502,990)
22,855
(25,684)
(25,684)
(528,674)
(2,829)
(72,860)
(39,034)
(47,148)
(44,655)
(120,008)
(83,689)
(648,682)
(86,518)

Comparatives for movement in funds

Unrestricted funds
General fund
Designated fund (IBSEN)
Restricted funds
Agency projects
Participation projects
TOTAL FUNDS		 Net
movement
At 1.4.20
in funds
£
£
175,953
111,024
85,576
(12,924)
261,529
98,100
-
53,664
-
92,005
-
145,669
261,529
243,769		 At
31.3.21
£
286,977
72,652
359,629
53,664
92,005
145,669
505,298

Page 19

FORCED ENTERTAINMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

15. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Designated fund (IBSEN)
Restricted funds
Agency projects
Participation projects
TOTAL FUNDS		 Incoming
resources
£
522,347
10,001
532,348
58,654
92,005
150,659
683,007		 Resources
Movement
expended
in funds
£
£
(411,323)
111,024
(22,925)
(12,924)
(434,248)
98,100
(4,990)
53,664
-
92,005
(4,990)
145,669
(439,238)
243,769

16. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2022.

Page 20