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2023-03-31-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 2023

FOR

FORCED ENTERTAINMENT LIMITED

FORCED ENTERTAINMENT LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

Page
Chair’s Introduction 1
Report of the Trustees 2 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9 to 10
Cash Flow Statement 11
Notes to the Cash Flow Statement 12
Notes to the Financial Statements 13 to 21

FORCED ENTERTAINMENT LIMITED

CHAIR’S INTRODUCTION FOR THE YEAR ENDED 31 MARCH 2023

I'm pleased to introduce Forced Entertainment's Annual Report for the year ended 2022/23 by acknowledging our gratitude to Arts Council England (ACE) for awarding us a further three years' funding as a National Portfolio Organisation from April 2023 to March 2026. The process of applying for this highly competitive funding entailed further reflection on our Vision, Mission and Values, and how we execute and fulfil these. As a result, the company continues to move forward with clarity about its purpose, the value of the art it makes, and the impact it has on those who engage with it.

During the application process both the Artistic and Management Teams worked hard to set out an inspiring and engaging programme of activity that addressed ACE's Investment Principles in an imaginative and resourceful way. We are hugely grateful to our Associate Artist, Tyrone Huggins, for his wisdom and input to the process, which made the application stronger and more robust. My thanks to fellow trustees who contributed so generously of their time and experience to ensure that the company was clear and compelling in articulating its ambitions for the period. My thanks especially to those trustees who have recently left the board, Adrian Friedli and Annie Lloyd, whose long-standing commitment to, and unequivocal support for, Forced Entertainment has been invaluable in helping the company continue to develop and grow over the years.

And much thanks to the combined efforts of our Executive Director, Eileen Evans, Production Manager, Jim Harrison, and Participation Producer, Imogen Ashby for their tireless work to produce the company's work and connect audiences and participants with it. Without their dedication and skill, the work would not be experienced by the many thousands of people whose lives are touched by Forced Entertainment's unique creative voice.

As the company prepares to celebrate its 40th anniversary in 2024, and welcome a new Chair, David Micklem, to guide and support us, it seems timely to reiterate a little of the Ibsen Award Jury's commendation when awarding the prestigious Ibsen International Award to the company in 2016; 'This influential group recognises theatre as a central voice within society and with dedication uses theatre as an arena for public debate… An award to Forced Entertainment is therefore an award to the entire dynamic, challenging, and collective pulse that is theatre and to what theatre might be in the future.'

Page 1

FORCED ENTERTAINMENT LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

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 2023. 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, AIMS & ACTIVITIES

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; our interactions with colleagues, partners, audiences and participants are guided by generosity, rigour and a commitment to collaboration ( our Values ).

Our programme focusses on realising high quality artistic projects for live and online audiences and participants at a range of scales and in a variety of contexts. Relevance, inclusion, diversity and artistic excellence are driving forces for all our artistic work. We make new original devised performance, and tour our repertoire nationally and internationally, developing new markets and partnerships alongside existing ones to sustain our practice. We work with young people in Sheffield to discover ways to connect and communicate through performance and play. We aim to:

Public benefit

With reference to the duty in section 17(5) of the Charities Act 2011, the trustees confirm that they have referred to the Charity Commission's guidance on public benefit - including 'Public benefit: the public benefit requirement (PB1)' and 'Public benefit: running a charity (PB2)' - when reviewing the charity's aims and objectives and in planning its current and future activities. The achievements and activities outlined in this report demonstrate the public benefit arising from the charity's activities.

Page 2

FORCED ENTERTAINMENT LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

ACHIEVEMENT AND PERFORMANCE OF CHARITABLE ACTIVITIES

Programme of activity

In 2022-23 activity did start to recover from the covid pandemic, however touring activity was still less compared to previous pre-pandemic years, both in the UK and internationally. We completed our Paul Hamlyn Foundation funded project 'Subject To Change' and produced a highly informative set of evaluation which is supporting the planning and fundraising of our ongoing work with young people in local communities.

Key activities this year:

Audience development

This year we delivered 29 performances in the UK and internationally and achieved a total of 3,367 audience (2021-22 = 90 performances, 7407 audience and 2019-20 [pre covid] = 121 performances, 11,211 audience). With less touring activity, we were not able to reach as many people for the live programme of work as in previous years.

Despite not having a dedicated marketing member of staff, we've maintained strong engagement with existing followers across all social media platforms with a small amount of growth in some areas including website activity. This is a positive result given the lower levels of activity. The launch of the new book boosted visits to the website, increasing interest in the company. In September 2022 we commissioned a review of our digital activity and have a strong set of recommendations that provide a framework for development, and a refreshed digital report that is organised around a set of clear objectives.

Participation

Our 'Subject To Change' participatory project in Sheffield concluded this year, delivering 87 sessions over an 18-month period January 2021 - September 2022, engaging 532 young people. The project included pilot/taster days, intensive holiday projects and weekly sessions as well as bespoke, paid training for four freelance artists that helped develop a new, paid creative team for the project. The ethnographic evaluation has provided substantial findings that document rich learning and strong evidence of the project's success.

In this year we delivered a second online version of our participatory project 'Table Stories' to artists in Nepal and Sri Lanka, funded by the British Council. We also invited several artists from the first iteration of the project in 2021 to be mentors, providing them with one-to-one support. A key aspect of the residency was finding the most appropriate way to support our Sri Lankan partners during a period of significant political instability. It felt miraculous that despite this, all six artists completed the programme and were able to share their work at the end.

Page 3

FORCED ENTERTAINMENT LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

Back in Sheffield we have been working hard to maintain and develop our work with community groups focussing on young people who face disadvantage. These include SAYiT (Emotional and Wellbeing Support for LGBTQ+ YP in Sheffield), Handsworth Grange a community college with particular strengths in its care of disadvantaged children, ACCT (Autism Children and Carers Together), youth-led charity Element Society, health and well-being organisation Shipshape and Buzz who work with vulnerable children, young people, adults and older people.

FINANCIAL REVIEW

Financial position

The statement of financial activities included in this report presents a turnover of £519,018 for 2022-23 (2022: £562,164) against expenditure of £556,325 (2022: £648,682). Income and expenditure for all charitable activities generated a deficit of £37,307 (2022: deficit of £86,518).

We received a grant from the British Council of £18,600 for our work with artists in Nepal and Sri Lanka.

The statement shows a total year end position for all funds of £381,473 (2022: £418,780) 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. 2022-23 was an extension year to our current (2018-2022) NPO agreement which was introduced in response to the pandemic. In this year we made our application to ACE for the next three-year funding period 2023-26, that was successful in what was a very competitive process.

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 2022-23 Arts Council England National Portfolio Funding represented 49% of turnover - a low ratio of subsidy to earned income that is exceptional and exemplary in a such a small artist-led organisation.

Reserves policy

At 31 March 2023, total reserves represented by unrestricted funds were £360,820 (2022: £356,800). Of these, designated funds were £32,033 (2022; £46,968) and general funds £328,787 (2022: £309,832). The designated funds represent funds earmarked for ongoing projects and are being spent down over a number of years. Restricted funds are £20,653 at 31 March 2023 (2022: £61,980).

The policy is to hold general funds equivalent to a minimum of three months' general fund expenditure. As at the 2022-23 year end this has been achieved with the free reserve equivalent to 5.7 months' expenditure (2022: 6 months). 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.

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).

Management and governance

This year the management team remained reduced due to the ongoing recruitment freeze implemented during the pandemic in 2020-21. Our full-time Participation Producer left in September 2022 and recruitment for their replacement was put on hold pending the outcome of our three-year National Portfolio Organisation (NPO) funding application to Arts Council England. The Executive Director and Production Manager continued to take on a wider range of responsibilities supported by participation and marketing freelancers.

Page 4

FORCED ENTERTAINMENT LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Board of Trustees resumed face to face meetings including an awayday in September 2022. Standing items at meetings include artistic, participation, financial, audience development, diversity and environmental reporting. This year, additional meetings were held to support the planning processes around the ACE NPO application, our main source of public funding which represents on average 45% of our income per year.

We underwent a recruitment process to bring new people onto the Board, including a new Chair, who replaces Deborah Chadbourn in June 2023. We had 11 applications from the call out and met with five people. David Micklem was appointed Chair and Reena Kalsi as a new trustee in June 2023. Both are familiar with the company from long associations with the work and organisation. Two more potential trustees will observe the October 2023 meeting.

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-devisers Robin Arthur, Claire Marshall, Cathy Naden and Terry O'Connor). The board and company appoint an Executive Director (Eileen Evans), Participation Producer (Imogen Ashby to September 2022), 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.

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.]

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, a risk register, 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.

Page 5

FORCED ENTERTAINMENT LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

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 (resigned 5.6.23) A J Friedli (resigned 5.6.23) D J Kok A E Lloyd (resigned 5.6.23) I Hirst D C Micklem (appointed 5.6.23) L N Whitter

Company Secretary

E Evans

Independent Examiner

Sedulo Accountants Limited Chartered Certified Accountants 62-66 Deansgate Manchester M3 2EN

Bank contact details

Unity Trust Bank plc Nine Brindleyplace Birmingham B1 2HB

Approved by order of the board of trustees on ............................................. and signed on its behalf by: 11th December 2023

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

Page 6

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 2023.

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 member of the Association of Chartered Certified Accountants, 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.

Daniel Wilson FCCA Sedulo Accountants Limited Chartered Certified Accountants 62-66 Deansgate Manchester M3 2EN

14 December 2023 Date: .............................................

Page 7

FORCED ENTERTAINMENT LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Grants and awards
2
273,037
Charitable activities
5
Touring, production, and participation
237,523
Other trading activities
3
2,949
Investment income
4
1,366
Other income
6
1,500
Total
516,375
EXPENDITURE ON
Charitable activities
7
Touring, production, and participation
512,355
Total
512,355
NET INCOME/(EXPENDITURE)
4,020
RECONCILIATION OF FUNDS
Total funds brought forward
356,800
TOTAL FUNDS CARRIED FORWARD
360,820		 Restricted
funds
£
2,643
-
-
-
-
2,643
43,970
43,970
(41,327)
61,980
20,653		 31.3.23
Total
funds
£
275,680
237,523
2,949
1,366
1,500
519,018
556,325
556,325
(37,307)
418,780
381,473		 31.3.22
Total
funds
£
327,293
230,259
265
639
3,708
562,164
648,682
648,682
(86,518)
505,298
418,780

CONTINUING OPERATIONS

All income and expenditure derive from continuing activities. The statement of financial activities includes all gains and losses recognised in the year.

The notes form part of these financial statements

Page 8

FORCED ENTERTAINMENT LIMITED

BALANCE SHEET 31 MARCH 2023

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
14
2,604
CURRENT ASSETS
Stocks
15
8,376
Debtors
16
115,893
Cash at bank and in hand
281,874
406,143
CREDITORS
Amounts falling due within one year
17
(47,927)
NET CURRENT ASSETS
358,216
TOTAL ASSETS LESS CURRENT LIABILITIES
360,820
NET ASSETS
360,820
FUNDS
18
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
-
20,653
20,653
-
20,653
20,653
20,653		 31.3.23
Total
funds
£
2,604
8,376
115,893
302,527
426,796
(47,927)
378,869
381,473
381,473
360,820
20,653
381,473		 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

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 9

FORCED ENTERTAINMENT LIMITED

BALANCE SHEET - continued 31 MARCH 2023

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 ............................................. and were signed on its behalf by: 11th December 2023

.............................................

D C Micklem - Trustee

The notes form part of these financial statements

Page 10

FORCED ENTERTAINMENT LIMITED

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2023

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash used in 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		 31.3.23
£
(140,027)
(140,027)
1,366
1,366
(138,661)
441,188
302,527		 31.3.22
£
(127,087)
(127,087)
639
639
(126,448)
567,636
441,188

The notes form part of these financial statements

Page 11

FORCED ENTERTAINMENT LIMITED

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2023

1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net expenditure for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Depreciation charges
Interest received
Increase in stocks
Increase in debtors
Decrease in creditors
Net cash used in operations		 31.3.23
£
(37,307)
868
(1,366)
(5,161)
(77,368)
(19,693)
(140,027)		 31.3.22
£
(86,518)
1,157
(639)
-
(13,909)
(27,178)
(127,087)

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.22 Cash flow At 31.3.23
£ £ £
Net cash
Cash at bank and in hand 441,188 (138,661) 302,527
441,188 (138,661) 302,527
Total 441,188 (138,661) 302,527

The notes form part of these financial statements

Page 12

FORCED ENTERTAINMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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) (effective 1 January 2019)', 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

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

Staff costs are allocated on the basis of time spent.

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

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.

continued...

Page 13

FORCED ENTERTAINMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

1. ACCOUNTING POLICIES - continued

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
Job Retention Scheme
Sheffield Theatres Crucible Trust
3.
OTHER TRADING ACTIVITIES
Retail sales
4.
INVESTMENT INCOME
Deposit account interest		 31.3.23
£
346
275,334
275,680
31.3.23
£
254,091
18,600
-
2,643
275,334
31.3.23
£
2,949
31.3.23
£
1,366		 31.3.22
£
595
326,698
327,293
31.3.22
£
254,091
-
70,114
2,493
326,698
31.3.22
£
265
31.3.22
£
639

continued...

Page 14

FORCED ENTERTAINMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

5.
INCOME FROM CHARITABLE ACTIVITIES
Touring and production
Co-production
Theatre tax relief
Royalties
Participation
Agency
6.
OTHER INCOME
Other income
7.
CHARITABLE ACTIVITIES COSTS
Touring, production, and participation
8.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Insurance
Advertising
Production costs
Travel costs
General expenses		 Direct
Costs (see
note 8)
£
508,509		 31.3.23
£
1,789
136,562
57,592
2,662
38,918
-
237,523
31.3.23
£
1,500
Support
costs (see
note 9)
£
47,816
31.3.23
£
332,084
9,402
13,060
85,396
64,558
4,009
508,509		 31.3.22
£
-
193,682
-
-
26,852
9,725
230,259
31.3.22
£
3,708
Totals
£
555,457
31.3.22
£
356,001
1,487
13,555
178,865
47,235
-
597,143

continued...

Page 15

FORCED ENTERTAINMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

9. SUPPORT COSTS

SUPPORT COSTS
Management
£
Premises overheads
20,846
Administration office costs
6,949
Building costs and insurance
9,626
Personnel
3,374
Depreciation
868
Governance, legal and compliance
-
41,663		 Governance
Finance
costs
£
£
-
-
794
-
-
-
-
-
-
-
-
5,359
794
5,359		 Totals
£
20,846
7,743
9,626
3,374
868
5,359
47,816

10. NET INCOME/(EXPENDITURE)

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

31.3.23 31.3.22
£ £
Depreciation - owned assets 868 1,157

11. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.

Trustees' expenses

There were trustees' expenses of £109 were paid to two trustees for the year ended 31 March 2023 (31 March 2022: £Nil).

continued...

Page 16

FORCED ENTERTAINMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

12. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Creative team		 31.3.23
£
295,516
23,227
13,341
332,084
31.3.23
9		 31.3.22
£
313,589
28,143
14,269
356,001
31.3.22
9

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

Key Management Personnel

The Key Management Personnel in the year ended 31 March 2023 consisted of the Board of Trustees, the Executive Director, and the Artistic Director.

The total amount of employee benefits (including employer's national insurance contributions) received by Key Management Personnel was £91,123 (2022: £92,569).

All trustees give their time freely and no trustee received remuneration in the year.

13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Grants and awards
324,800
Charitable activities
Touring, production, and participation
196,433
Other trading activities
265
Investment income
639
Other income
3,708
Total
525,845		 Restricted
funds
£
2,493
33,826
-
-
-
36,319		 Total
funds
£
327,293
230,259
265
639
3,708
562,164

continued...

Page 17

FORCED ENTERTAINMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

Unrestricted
funds
£
EXPENDITURE ON
Charitable activities
Touring, production, and participation
528,674
Total
528,674
NET INCOME/(EXPENDITURE)
(2,829)
RECONCILIATION OF FUNDS
Total funds brought forward
359,629
TOTAL FUNDS CARRIED FORWARD
356,800
14.
TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 1 April 2022 and 31 March 2023
8,103
DEPRECIATION
At 1 April 2022
8,103
Charge for year
-
At 31 March 2023
8,103
NET BOOK VALUE
At 31 March 2023
-
At 31 March 2022
-		 Restricted
funds
£
120,008
120,008
(83,689)
145,669
61,980
Motor
vehicles
£
19,505
16,033
868
16,901
2,604
3,472		 Total
funds
£
648,682
648,682
(86,518)
505,298
418,780
Totals
£
27,608
24,136
868
25,004
2,604
3,472

continued...

Page 18

FORCED ENTERTAINMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

15.
STOCKS
Stocks
16.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
VAT
Prepayments and accrued income
17.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income
18.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Designated fund (IBSEN)
Restricted funds
Agency projects
Participation projects
TOTAL FUNDS		 At 1.4.22
£
309,832
46,968
356,800
14,631
47,349
61,980
418,780		 31.3.23
£
8,376
31.3.23
£
40,508
-
2,035
73,350
115,893
31.3.23
£
3,954
7,069
7,580
29,324
47,927
Net
movement
in funds
£
18,955
(14,935)
4,020
-
(41,327)
(41,327)
(37,307)		 31.3.22
£
3,215
31.3.22
£
13,126
1,553
5,530
18,316
38,525
31.3.22
£
29,549
7,751
8,970
21,350
67,620
At
31.3.23
£
328,787
32,033
360,820
14,631
6,022
20,653
381,473

continued...

Page 19

FORCED ENTERTAINMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

18. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Designated fund (IBSEN)
Restricted funds
Participation projects
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Designated fund (IBSEN)
Restricted funds
Agency projects
Participation projects
TOTAL FUNDS		 Incoming
resources
£
514,586
1,789
516,375
2,643
519,018
At 1.4.21
£
286,977
72,652
359,629
53,664
92,005
145,669
505,298		 Resources
Movement
expended
in funds
£
£
(495,631)
18,955
(16,724)
(14,935)
(512,355)
4,020
(43,970)
(41,327)
(556,325)
(37,307)
Net
movement
At
in funds
31.3.22
£
£
22,855
309,832
(25,684)
46,968
(2,829)
356,800
(39,034)
14,630
(44,655)
47,350
(83,689)
61,980
(86,518)
418,780

continued...

Page 20

FORCED ENTERTAINMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

18. 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
£
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)

19. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023 nor for the year ended 31 March 2022.

Page 21