Company number: 3001139
Charity number: 1053930
FRIENDS OF THE TIVOLI
REPORT AND AUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st DECEMBER 2024

FRIENDS OF THE TIVOLI
CONTENTS
Page
Annual Report of the Trustees
Independent Auditors Report
8-10
Statement of Financial Activities
Balance Sheet
12
Statement of Cash Flows
13
Notes to the Accounts
14-23
Non-statutory Information - For the Trustees only
Detailed Income and Expenditure Account
24
Consolidated Detailed Income and Expenditure Account
25

FRIENDS OF THE TIVOLI
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024
The Trustees are pleased to present their report together with the financial statements of the charity for the
year ending 31 st December 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
Charit Number
1053930
Com
an
Number 3001139
Princi
al Office
19 -23 West Borough. Wimbome, Dorset, BH21 1 LT.
Auditors
Francis Clark LLP
Towngate House, 2 - 8 Parkstone Road,
Poole, Dorset BH15 2PW
Bankers
Solicitors
Barcla
s Bank PLC
Harold G Walker
30, West Borou
h, Wimbome Dorset, BH21 1 NF
Directors and Trustees
The directors of the charitable company (the charity) are its trustees for the purpose of charity law and
throughout the report are collectively referred to as the trustees.
The Trustees who served during the year and since the year end were as follows..
Alan Breakwell (Chairman)
Anita June Cole
Robin Cook (re-appointed 1" October 2024)
Andrew Watkins
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governin
Document
The Friends of the Tivoli is a company limited by guarantee governed by its Memorandum and Articles of
Association dated 17th December 1994 and amended on the 6" October 1997, 28th September 2004 and the
301h October 2023. It is registered as a charity with the Charity Commission. The company has currently over
70 members who undertake to contribute such amount as may be required (not exceeding £10) to the
company s assets if it should be wound up, for payment of the company s debts and liabilities.
ointment of Trustees
As set out in the Articles of Association the trustees retire by rotation and are elected by the members
attending the annual general meeting (AGM). Members may also nominate trustees for election at the AGM.
Trustees can co-opt members during the year and seek confimation at the AGM. When considering co-option
regard is given to a balance of skills to ensure that the trustees have as wide a knowledge base as possible.
Trustee Induction and Trainin
Any new Trustee will undergo an induction where they will be briefed on their legal obligations under Charity
and Company law, the Charity Commission guidance on public benefit, the content of the Memorandum and
Articles of Association. previous Trustees, minutes, the Way Ahead document and the Budget and recent
financial performance of the Charity They will also meet the General Manager and the other employees and
have a tour of the facility. Trustees can attend appropriate training events where these will benefit in carrying
out their role.

FRIENDS OF THE TIVOLI
REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31ST DECEMBER 2024
anisation
The Board of Trustees consisting of not less than three members and a maximum of seven administer the
charity and its trading subsidiary. The board hold meetings to cover development, finance. and all aspects of
the charity A General Manager, Charlie North Lewis, is appointed by the Trustees to manage the day-to-day
operations of the charity. In addition, there is a Building Services Manager, a Production Manager, a Finance
Administrator (self-employed), an offi￿ Administrator, a Box Office Administrator, Lighting Technician, Sound
Technician and Front of House Manager all who are salaried employeeslself-employed with the Projectionists,
and Technical Crew being paid a filmlshow fee.
The Charity relies heavily on volunteers to perfomi many tasks for example duty manager, front of house, box
office, office, and financial administration, operating the bar and café, and day to day maintenance. It is
estimated that in a normal year volunteers provide approximately 21,000 hours and at appropriate rates of pay
this is equal to £244,000.
Related arties
The charity's wholly owned trading subsidiary, Tivmanco Limited, was established to operate the theatre, bar
and refreshments and gift aids the surplus for the year to the charity. To comply with FRS102 update bulletin 2
relating to gift aid of surpluses, from 2018 onwards the surplus for the year will be reflected in the accounts in
the year when the surplus is paid over. The 2019 surplus was retained by Tivmanco Limited, and tax was paid
leaving the balance to meet the shortfall in 2020 arising from the pandemic. The balance rernaining from 2020
was used to meet the shortfall in 2021. The 2023 surplus was paid over in 2024.
Pa
Polic
The directors who are the Trust's trustees give of their time freely and receive no remuneration and details of
any Trustees, expenses are disclosed in note 6 to the accounts.
It has been nomial practise to review salary levels on an annual basis. One of the conditions of the Arts
Council Grant awarded in 2021 was that there should be no pay review for at least 18 months following receipt
of the grant approval. As a result, there was no review in 2022, and since March 2023 a review has been
undertaken annually. The factors taken into consideration are the impact of the cost-of-living crisis, minimum
pay legislation, differentials coupled with the ability of the theatre to pay. Trustees may also review the
theatre's performance at the end of a financial year and if the budget surplus is above a level determined
annually by Trustees, then office stafflmanagers may receive a thank youlbonus for contributing to the success
of the theatre. There was a change in financial administration in September 2022 with the new member of staff
being self-employed and a number of the technical crew are on zero-hour contracts. The pay levels for the
senior staff were set on similar posts elsewhere, local market rates and importantly what the theatre could
afford.
Risk Mana
ement
The Trustees are aware of the risks the business faces and through the board meetings review progress to
ensure that any risks are minimised. The General Manager and his team concentrate on the non-financial risks
arising from fire, health and safety of artists and audience and other risks that are identified on an on-going
basis and from the annual review by the Insurance Company. The Child Protection Policy is in line with the
procedures of the local authority.
A risk management strategy has been adopted to cover an annual review of the risks the charity may face, the
establishment of systems and procedures to manage the risks identified in the plan, and the implementation of
procedures designed to minimise any potential impact should any risk materialise. The risk register is reviewed
on an annual basis. A key element in the management of financial risk is the setting of a reserves policy and
its regular review by the Trustees.

FRIENDS OF THE TIVOLI
REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31ST DECEMBER 2024
OBJECTIVES OF THE CHARITY
The main objective for which the Charity is established is to promote, restore, maintain, improve, and advance
public education in the performing arts by the promotion and production of theatrical plays and the
encouragement of the arts including film, shows, drama, mime, dance, singing and music for the benefit of the
community The Charity has a general aim of contributing to the quality of life of the people of East Dorset and
the wider area by providing, on a regular basis, accessible professional and community arts events.
PRINCIPAL ACTIVITIES ACHIEVEMENTS AND PERFORMANCE
2024 was the next stage in the recovery process following on from 2022 and 2023. As previously mentioned,
there is still a long way to go, especially for cinema with the numbers falling for the second consecutive year.
There are early signs that 2025 will show an upward trend and hopefully more Wimborne types of film with
increased attendances. The show's numbers continue to grow, and this was helped at the end of the year with
the pantomime Sow White breaking all records.
Attendance
Cinemalsatellite
2020
7,758
2021
4,276
2022
12,559
2023
10,449
2024
7,601
Shows
14,195
21,827
48,288
54,389
57,910
Total
21,953
26,103
60,847
64,838
65.511
There were 43 different films shown with an average attendance of 49 {65 in 2023) 11 of the films exceeded
the average accounting for just under 75 % of the audience with the remaining 32 films averaging 30 per
performance. The most popular films with average audiences over 100 were Napoleon, One Life, Wonka, Bob
Marley One Love, Wicked Little Letters and Wilding. There were 2 (5 in 2023) screening by satellite which
attracted an average attendance of 116 (68 in 2023).
It has been a busy and successful year for live theatre with over 160 different events taking pla￿. The Tivoli
programme gives a wide range of opportunities with the theatre able to provide quality shows with a balanced
programme to suit all tastes covering jazz, comedy, ballet, drama, musicals, tribute bands, celebrity guests,
factual programmes, original artists and, over Christmas and New Year a pantomime. Many of the annual
favourites returned and a number of artists were appearing for the first time as the Tivoli's reputation continues
to spread. Made to Measure pantomime production of Snow White broke last year's record attracting an
audience of approaching 13,000 for the whole run. The reviews were excellent, and what an end to the year.
The Trustees are appreciative of the way the General Manager and his team have operated in these
challenging times and the way that the public has continued to support the theatre during these difficult
financial times. The Tivoli reputation continues to grow in the theatre world and the General Manager takes
every opportunity to enhance that reputation with the future programming.
What has continued throughout the year has been the on-going maintenance of the listed building coupled
with works in the loft space above the auditorium to provide safer access as well as the construction of a
wheelchair shelter to the side of the building There is need to improve health and safety by upgrading the
rigging on stage and a Structural Engineer has been assessing the implications of carrying out this work which
is programmed for 2026.

FRIENDS OF THE TIVOLI
REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31ST DECEMBER 2024
Additional security cameras were added to the existing system, and a number of new headsets were acquired
which were used during the pantomime run improving the visitor experience. A significant amount of time and
resources were utilised in the review of the IT and telephone systems with both systems being outsourced to
Tailor Made Technologies. A new web site was developed which went live in May 2024 with a good reaction
from our customers.
The Theatre's insurer's will be changing again in 2025 following the annual review by our brokers with the
theatre reverting back to a company we were with previously.
The Trustees have given due regard to public benefit when planning the charity's activities in accordance with
the Charity Commission's General Guidan￿ on Public Benefit. The paragraphs above set out the activities,
achievements, and performance during the year, which are directly related to the objects and purposes for
which the charity exists and are fully compliant with the Charity Commission Principles on Public Benefit.
FINANCIAL REVIEW
Trustees continued to monitor the budget throughout the year on a quarterly basis following the practice
introduced in 2021 of reviewing the figures in line with the Arts Council headings leading to the merging of
Tivmanco and FOTT to give a composite budget rather than two separate ones. It is a clearer process and
provides the total picture of activity for the theatre.
Tivmanco the wholly owned trading subsidiary had a tumover of over one and half million pounds an increase
of just over £140,000 from the previous year. 80.30A of the turnover came from stage shows and cinema,
8.650/0 from the bar and refreshments and the balan￿ from miscellaneous sales, advertising, and donations.
The 2024 surplus of £154,177 was an increase of £43,368 compared with the 2023 surplus of £111,809. The
net turnover increased by £56,500 as attendances continued to rise and this was offset by increased
expenditure on salaries, security, cleaning, IT costs and charges with a reduction in advertising. This was an
excellent result an improvement on the 2023 position and a positive sign as we move into 2025. The surplus of
£154,177 from the trading arm Tivmanco for 2024 will be covenanted to the charity in 2025.
This is not the complete financial picture as the charity is responsible for the external maintenance, insurance,
business rates, waterlsewerage rates, and other expenses of the buildings as well as receiving income from
donations, membership, and fundraising. In 2024 the charity received £111,809 covenanted from Tivmanco
relating to the 2023 surplus. This enabled the charity to have a surplus for the year of £26,966 which is a
reduction of £31,544 from the previous year after as a result of increased expenditure on It and telephony
support offset by reduction in external rna1ntenan￿, depreciation and additional investment income.
The Trustees have always supported the General Manager in moving the theatre forward whilst ensuring that
any increased financial commitment is planned and only implemented when it is financially prudent to do so.
Strong financial management will continue to be exercised minimizing risk wherever possible so that the
challenges facing the Tivoli are managed in a measured way.
The Trustees have used the Way Ahead document to cary out annually a thorough review of the needs of the
theatre and agree their spending plans for the forthcoming year. The Trustees remain prudent and reviewed the
document in October 2024 to ensure that rt was relevant for world we now live in.
The Trustees would like to take this opportunity of thanking all the staff, and volunteers for their commitment
during 2024 which was another difficult and challenging year.

FRIENDS OF THE TIVOLI
REPORT OF THE TRUSTEES {CONTINUED) FOR THE YEAR ENDED 31ST DECEMBER 2024
Investment Polic
The Trustees have regard to the liquidity requirements of operating the theatre and kept available funds as
cash and placed them on deposit at the best rate obtainable. The theatre has no permanent endowment or
annual financial support and relies on income from the customers visiting the theatre to meet the costs of
running the theatre. Due to the nature of the business income is not invested for the long term.
ReseNes Polic
The Charity aims to maintain unrestricted funds, the free reserves of the charity, at a level sufficient to ensure
that all unrestricted expenditure outstanding at any one time can be met. Unrestricted funds were maintained
at this level throughout the year. Great care is taken to ensure that no expenditure is incurred unless it can be
afforded. Enhancements or improvements will not be approved unless the Trustees are satisfied that the need
has been justified and the funds are there to meet that expenditure.
The Trustees review their policy annually and in 2023 changed the method of calculating the minimum level of
reserves required from the traditional method based on 60 % of the estimated fixed costs in the following
financial year which would continue to be paid if the theatre were closed for a 6-month period to a risk-based
approach. It would continue to be reviewed annually, and the figure would change as each risk was
reassessed. A number of factors were considered downturn in income, increases in expenditure linked to
downturn in income, one off costs, shortfall on FOTh and cash flow. The figure for 2024 was set at £158,650
(2023 £173,070} Trustees will continue to fund equipment purchases from surplus reserve funds rather than
establish a Designated Reserve for equipment replacement. The position will continue to be monitored. Any
surplus reserve funds are available for maintaining, improving, and enhancing the theatre.
On the ISI January 2024 £369,862 of general unrestricted funds was available and during the course of the
year £35,555 (£50,487 in 2023) was met from the general funds for works to walkway in the roof space above
the auditorium, wheelchair shelter, stage equipment, structural engineers, fees relating to the rigging scheme,
additional CCTV cameras and IT equipment backstage. After considering the surplus for the year and the
change in the reserves policy the amount of general unrestricted funds available at the 31. December 2024
was £432,624. This figure will be increased during 2025 when the surplus from Tivmanco Ltd in 2024 is
covenanted to the Friends of the Tivoli.

FRIENDS OF THE TIVOLI
REPORT OF THE TRUSTEES (CONTINUEDI FOR THE YEAR ENDED 31ST DECEMBER 2024
PLANS FOR FUTURE PERIODS
"The Way Ahead - Review of the Tivoli Theatre. is an in depth look at all aspects of the theatre covering
Governance (constitution, trustees, volunteers, and friends of the Tivoli) BudgetarylFinancial Reporting
{budget, monitoring, reporting, balances, and accounting records) Employees, Theatre and Buildings. It is a
flexible document which was updated in 2023, reviewed in October 2024 to reflect and meet the challenges
from the changing times we live In.
Two areas which are being reviewed for development in 2026 are moving the sound desk in the auditorium to
a more central position thereby providing a better-balanced sound. Secondly to improve health and safety on
the stage by revising the rigging requirements to provide a safer working environment and a structural
engineer has already been involved in assessing what is required to cary out the works. The intention would
be for these works to be carried out in August 2026 closing the theatre for that month.
Moving forward for the future the Manager and his team will continue to look at areas of the theatre where
improvements are required to enhance Health & Safety requirements, to improve the visitor experience, as
well as investigating whether grants are available to support the projects. Trustees will review the priorities for
this work within the funds available and will then agree a programme for the works covering the next 213 years.
Whilst an overall surplus has been achieved for the last three years and 2025 has made a strong start there
remains challenging times ahead as the cost-of-living crisis continues to impact on costs as well as the ability
of the audience to continue to support the theatre in these difficult times. The finances of the theatre are
sound, and the Trustees will continue to maintain tight control through monitoring which will enable stability
and moving forward on the projects referred to above.

FRIENDS OF THE TIVOLI
REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31ST DECEMBER 2024.
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The Trustees (who are also directors of Friends of the Tivoli for the purposes of company law} are responsible
for preparing the Trustees, Report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom GeneralSy Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year, which give a true
and fair view of the state of affairs of the charitable company and of the incoming resources and application of
resources, including the income and expenditure, of the charitable company for that period. In preparing these
financial statements, the trustees are required to-
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charities SORP 2019 FRS102.
make judgements and estimates that are reasonable and prudent.
state whether applicable UK Accounting Standards have been followed. subject to any material
departures disclosed and explained in the financial statements.
prepare the financial statements on the going con￿rn basis unless it is inappropriate to presume that the
charitable company will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy
at any time the financial position of the charitable company and enable them to ensure that the financial
statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the
charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
A resolution to re-appoint Francis Clark LLP for the ensuing year will be proposed at the Annual General
Meeting in accordance with Section 485 of the Companies Act 2006.
This report of the Trustees has been prepared in accordance with the small companies, regime under the
Companies Act 2006.
Approved by the board of Trustees on and signed on their behalf by..
Alan Breakwell

FRIENDS OF THE TIVOLI
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF FRIENDS OF THE TIVOLI
OPINION
We have audited the financial statements of Friends of the Tivoli (the 'charitable company'} and its subsidiaries
(the 'group') for the year ended 31 December 2024, which comprise the Group Statement of Financial
Activities, Charitable Company and Group Balance Sheet and Charitable Company and Group Statement of
Cash Flows, including a summary of significant accounting policies. The financial reporting framework that has
been applied in their preparation is United Kingdom Accounting Standards. comprising Charities SORP - FRS
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and applicable law
{United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements..
give a true and fair view of the state of the groups and charitable company affairs as at 31 December
2024 and of its results for the year then ended.
have been properly prepared in accordan￿ with United Kingdom Generally Accepted Accounting
Practice., and
have been prepared in accordance with the requirements of the Companies Act 2006.
BASIS OF OPINION
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities
for the audit of the financial statements section of our report. We are independent of the group in accordance
with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the
FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these
requirements. We believe that the audit eviden￿ we have obtained is sufficient and appropriate to provide a
basis for our opinion.
CONCLUSIONS RELATING TO GOING CONCERN
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed,. we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the Charity's ability to continue as a
going concern for a period of at least twelve months from when the original financial statements were
authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the
relevant sections of this report.
OTHER INFORMATION
The trustees are responsible for the other information. The other information comprises the information
included in the trustees, annual report, other than the financial statements and our auditor's report thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent
otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements. our responsibility is to read the other information and,
in doing so, consider whether the other infomation is materially inconsistent with the financial statements, or
our knowledge obtained in the audit or othenvise appears to be materially misstated. If we identify such
material inconsistencies or apparent material misstatements. we are required to determine whether there is a
material misstaternent in the financial statements or a material misstatement of the other information. If, based.
on the work we have perfomied, we conclude that there is a material misstatement of this other information,
we are required to report that fact. We have nothing to report in this regard.

FRIENDS OF THE TIVOLI
INDEPENDENT AUDITORS, REPORT (CONTINUED)
OPINION ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006
In our opinion, based on the work undertaken in the course of the audit.
the information given in the trustees, annual report for the financial year for which the financial
statements are prepared is consistent with the financial statements" and
The trustees, annual report has been prepared in accordance with applicable legal requirements.
MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION
In the light of our knowledge and understanding of the group and charitable company and its environment
obtained in the course of the audit, we have not Identified material misstatements in the financial statements.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to
report to you if, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not been
received from branches not visited by us., or
the financial statements are not in agreement with the accounting records and returns., or
certain disclosures of trustees, remuneration specified by law are not made,. or
we have not received all the information and explanations we require for our audit.
RESPONSIBILITIES OF TRUSTEES
As explained more fully in the Statement of responsibilities of trustees set out on page 7, the trustees are
responsible for the preparation of the financial statements and for being satisfied that they give a true and fair
view, and for such internal control as the trustees determine is necessary to enable the preparation of financial
statements that are free from material misstatement. whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the group and charitable
company's ability to continue as a going concern, disclosing. as applicable, matters related to going concern
and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to
cease operations, or have no realistic alternative but to do so.
AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS
Our objectives are to obtain reasonable assuran￿ about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our
opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in
accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above. to detect material misstatements in respect of
irregularities, including fraud. The extent to which our prO￿dureS are capable of detecting irregularities,
including fraud is detailed below..
As part of our audit planning, we obtained an understanding of the legal and regulatory framework that is
applicable to the Charity We gained an understanding of the Charity and the sector in which the Charity
operates as part of this assessment to identify the key laws and regulations affecting the Charity As part of
this, we reviewed the Charity's website for an indication of any regulations in place and discussed these with
the relevant individuals responsible for complian￿. The key regulations we identified were Charity legislation,
employment law and health and safety regulations. We also considered those laws and regulations that have a
direct impact on the preparation of the financial statements such as the Charities Act 2011 and Charities
SORP- FRS 102.
We discussed with management how the compliance with these laws and regulations is monitored and
discussed policies and procedures in place. We also identified the individuals who have responsibility for
ensuring that the Charity complies with laws and regulations and deals with reporting any issues if they arise.

FRIENDS OF THE TIVOLI
INDEPENDENT AUDITORS, REPORT (CONTINUED)
As part of our planning procedures, we assessed the risk of any non-compliance with laws and regulations on
the Charity's ability to continue trading and the risk of material misstatement to the accounts.
As part of our planning procedures, we assessed the risk of any non-compliance with laws and regulations on
the Charity's ability to continue trading and the risk of material misstatement to the accounts.
Based on this understanding we designed our audit procedures to identify non-compliance with such laws and
regulations. Our procedures involved the following..
Enquiries of management and trustees regarding their knowledge of any non-compliance with laws and
regulations that could affect the financial statements. As part of these enquiries. we also discussed with
management whether there have been any known instances, allegations or suspicions of fraud.
Reviewed filings with the Charity Commission and whether there were any serious incident reports
made during the year.
Discussed with managernent if any health and safety incidents have been recorded during the year.
Reviewed legal and professional costs to identify any possible non-compliance.
Reviewed Board minutes.
Audited the risk of management override of controls, including through testing Journal entries and other
adjustments for appropriateness.
Sample testing of ticket sales during the year to test whether revenue is complete and has been
recognised in line with the revenue recognition policy.
Proof in total test in respect of ticket sales during the year to assess whether revenue is complete
and has been recognised in line with the revenue recognition policy.
Sample testing of deferred ticket sales at the year end to ensure revenue has been recognised in the
correct period.
Reviewed estimates and judgements made in the accounts for any indication of bias.
Because of the inherent limitations of an audit. there is a risk that we will not detect all irregularities,
including those leading to a material misstatement in the financial statements. The risk of not
detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting
from error, as fraud may involve deliberate omissions. collusion, forgery, misrepresentations, or the
override of intemal controls. We are also less likely to become aware of instances of non-compliance
with laws and regulations that are not closely related to events and transactions reflected in the
financial statements.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at WV4W.frc.org.uklauditorsresponsibilities. This description fomis part of our
auditor's report.
USE OF OUR REPORT
This report is made solely to the group and charitable company's trustees, as a body, in accordance with
Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state
to the group and charitable company's trustees those matters we are required to state to them in an auditor's
report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume
responsibility to anyone other than the charitable company and its trustees as a body, for our audit work, for
this report, or for the opinions we have formed.
Date. IF.I.IS
Adrian Way FCA, FCCA (Senior Statutory Auditor}
For and on behalf of Francis Clark LLP,
Chartered Accountants and Statutory Auditor
Towngate House
2-8 Parkstone Road
Poole
Dorset
BH15 2PW
10

FRIENDS OF THE TIVOLI
GROUP STATEMENT OF FINANCIAL ACTIVITIES
(INCLUDING INCOME AND EXPENDITURE ACCOUNT)
For the Year Ended 31st December 2024
INCOME AND ENDOWMENTS
All Unrestricted
Funds
All Unrestricted
Funds
Note
2024
2023
Income and endowments from
Donations and legacies
Other trading activities
Commercial trading operations
Investment Income
Total income and endowments
11.681
12,049
1,578.856
13,329
1,603,866
1,433,516
9,582
1,455,147
RESOURCES EXPENDED
Raising funds
Cost of generating voluntary income
Fundraising trading
Charitable activities
Other expenditure
Commercial trading operations
Total expenditure
250
250
109,603
1,424,679
1,534,532
114,305
1,321,707
1,436,262
Net incoming resources before transfers
Gross transfer between funds
Net movement in funds for the year
69,334
18,885
14&15
69,334
18,885
Reconciliation of funds
Total funds brought forward
1,362.294
1,343,409
Total funds carried forward
1,431,628
1,362,294
All the charity's activities derive from continuing operations during the above periods.
The notes on pages 14 to 23 form part of these accounts.

COMPANY NUMBER: 3001139
FRIENDS OF THE TIVOLI AND GROUP
BALANCE SHEET
At 31st December 2024
Group
Charity
Note
2024
2023
2024
2023
Fixed Assets
Tangible Assets
Investment in Subsidiary
686,176
707,552
686,176
707,552
686,176
707.552
686.177
707.553
Current Assets
Stocks
Debtors
Cash at Bank and in Hand
10
11
7.102
5,215
10.545
9,307
1,290.535 1,178.992
1,308,182 1,193.514
13,474
586,301
599,775
25,052
524,407
549,459
Creditors
Amounts falling due within one
year
12
562,730
538,772
8.502
6,528
Net Current Assets
745,452
654,742
591,723
542,931
Net Assets
1,431,628 1,362,294 1,277,450 1,250,484
Funds of The Charity
Unrestricted.
General Charitable Funds
Total Charity Funds
15
1,431,628 1,362,294 1,277,450 1.250,484
1.431.628 1,362.294 1.277450 1,250,484
The accounts have been prepared in accordance with the provisions applicable to cornpanies subject to the
small companies, regime.
Approved by the board of Trustees on and signed on its behalf by..
Alan Breakwell
Trustee (Director)
The notes on pages 14 to 23 form part of these accounts.
12

FRIENDS OF THE TIVOLI
Statement of Cash Flows and Consolidated Ststement of Cash Flows
For year ended 31st December 2024
Group
Charity
Note
2024
2023
2024
2023
Cash used in operating activities
17
133,769
134,340
84,120
129,571
Cash flows from investing activities
Interest Income
Purchase of fixed assets
13,329
(35,555)
9,582
(50,487)
13,329
(35,555)
9,582
(50,487)
Cash used in investing activities
(22,226) (40,905)
(22,226)
(40,905)
Increaseldecreasel in cash and
cash equivalents in the year
111,543
93,435
61,894
88,666
Cash and cash equivalents at the
beginning of the year
1.178.992 1,085,557
524,407
435.741
Total cash and cash equivalents at
the 31st December 2024
1,290,535 1,178,992
586,301
524,407
The notes on pages 14 to 23 fomi part of these accounts.
13

FRIENDS OF THE TIVOLI
NOTES TO THE ACCOUNTS
For the Year Ended 31st December 2024
Accounting Policies
(a) Basis of accounting
Friends of the Tivoli is a registered charity, registration number 1053930, Company number
3001139, registered in the United Kingdom. The address of the charity is given in the reference
and administrative details on page 1 of these financial statements. The nature of the charity's
operations and principal activities are described in the Trustees annual report set out on pages 1
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements
have been prepared in accordance with 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 1021, the Financial
Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the
Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015.
The financial statements are prepared on a going concem basis under the historical cost
convention, modified to include certain items at fair value. The financial statements are prepared
in sterling which is the functional currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set
out below. These policies have been consistently applied to all years presented unless otherwise
stated.
(b) Basis of consolidation
The consolidated financial statements consolidate the financial statements of the charity and
its subsidiaries undertakings as at 31 December 2024.
No statement of financial activities is presented for the charity as pemiitted by section 408 of
the Companies Act 2006. The charity made a surplus for the financial year of £26,966 (2023
deficit of £58,422).
A subsidiary is an entity controlled by the charity. Control is achieved where the charity has the
powerto govern the financial and operating policies of an entity so as to obtain benefits from its
activities.
The results of subsidiaries acquired or disposed of during the year are included in the statement of
financial activities from the effective date of acquisition or up to the effective date of disposal, as
appropriate. Where necessary, adjustments are made to the financial statements of subsidiaries to
bring their accounting policies into line with those used by the group.
The purchase method of accounting is used to account for business combinations that result in the
acquisition of subsidiaries by the group. The cost of a business combination is measured as the
fair value of the assets given, equity instruments issued. and liabilities incurred or assumed at the
date of exchange, plus costs directly attributable to the business combination. Identifiable assets
acquired and liabilities and contingent liabilities assumed in a business combination are measured
initially at their fair values at the acquisition date. Any excess of the cost of the business
combination over the acquirer's interest in the net fair value of the identifiable assets, liabilities and
contingent liabilities recognised is recorded as goodwill.
Inter-company transactions. balan￿S and unrealised gains on transactions between the charity
and its subsidiaries, which are related parties, are eliminated in full.
14

FRIENDS OF THE TIVOLI
NOTES TO THE ACCOUNTS
For the Year Ended 31st December 2024
Intra-group losses are also eliminated but may indicate an impainment that requires recognition in
the consolidated financial statements.
Accounting policies of subsidiaries have been changed where necessary to ensure consistency
with the policies adopted by the group Non-controlling interests in the net assets of consolidated
subsidiaries are identified separately from the group s equity therein. Non-controlling interests
consist of the amount of those interests at the date of the original business combination and the
non-controlling shareholder's share of changes in equity since the date of the combination. Total
comprehensive income Is attributed to non-controlling interests even if this results in the non-
controlling Interests having a deficit balan￿.
(cl Incoming resources
All incoming resources becoming available to the charity during the year are recognised in the
Statement of Financial Activities. Grants and donations for specific purposes are accounted for as
restricted income. Ticket sales, rental income from letting of the Tivoli theatre and bar and
refreshment sales are recognised in the year the event took place. Income is stated gross of
related expenditure but where appropriate net of VAT.
(d) Resources expended.
Expenditure is recognised when it is incurred and is reported gross of related income. It is
recognised on an accruals basis and allocated to the appropriate headings in the financial
statements.
(e) Tangible fixed assets
Individual fixed assets costing £1,000 or more are initially recorded at cost, less any subsequent
accumulated depreciation and subsequent accumulated impairment losses.
(fj Depreciation
Depreciation is provided on all tangible fixed assets in use, at rates and bases calculated to write
off the cost or valuation less estimated residual value, of each asset over its expected useful life,
on a straight-line basis, as follows-
Freehold Improvements - 3.30k and 12.5 %,
Electrical and Stage Equipment - 12.50
Furniture and Other Equipment_ 12.50A.
Ig) Stock
Stock is recorded at the lower of cost and net realisable value after due regard for obsolete and
slow-moving stocks. Net realisable value is based on selling price less anticipated costs to
completion and selling costs.
(h) Trade Debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the
ordinary course of business.
Trade debtors are recognised initially at the transaction pri￿. They are subsequently measured at
amortised cost using the effective interest method, less provision for impairment. A provision for
the impairment of trade debtors is established when there is objective evidence that the Charity will
not be able to collect all amounts due according to the original terms of the receivables.
15

FRIENDS OF THE TIVOLI
NOTES TO THE ACCOUNTS (continued)
For the Year Ended 31st December 2024
(i) Cash and cash equivalents.
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly
liquid investments that are readily convertible to a known amount of cash and are subject to an
insignificant risk of change in value.
ti) Trade Creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary
course of business from suppliers. Accounts payable are classified as current liabilities if the
Charity does not have an unconditional right, at the end of the reporting period, to defer settlement
of the creditor for at least twelve months after the reporting date. If there is an unconditional right to
defer settlement for at least twelve months after the reporting date, they are presented as non-
current liabilities.
Trade creditors are recognised initially at the transaction pri￿ and subsequently measured at
amortised cost using the effective interest method.
Ik) Operating Leases
Rental chargeable under operating leases are charged in the profit and loss account on a straight-
line basis over the lease te￿￿.
(l) Funds
Restricted Funds are recognised when a restriction is placed upon incoming resources. There are
no restricted funds recorded In the accounts.
Designated funds are unrestricted funds where the resources are set aside for specific purposes at
the discretion of the trustees.
Unrestricted income funds are general funds that are available for use at the trustee's discretion in
furtherance of the objectives of the Charity.
(m) Going Concern
In the opinion of the board, the charity has sufficient working capital to continue to meet its financial
obligations and pay its liabilities as they fall due for the foreseeable future and therefore the
financial statements have been prepared on a going concern basis. The board have considered
the level of funds held and the expected level of income and expenditure for 12 months from
authorising these financial statements. The budgeted income and expenditure will be sufficient with
the level of reserves held for the charity to be able to continue as a going concem.
16

FRIENDS OF THE TIVOLI
NOTES TO THE ACCOUNTS (continued)
For the Year Ended 31st December 2024
Income and endowments
2024
2023
Unrestricted
Unrestricted
Donations and legacies
Donations & Grants
Membership
Appeal
10,227
1.310
144
11,681
9,475
1,568
1,006
12,049
Investment Income
Building Society Interest
Bank Interest
COIF Charity Deposit Fund Interest
5,492
2,291
5,546
13,329
3,983
864
4,735
9,582
Commercial trading operations
The Charity has a wholly owned non-charitable trading subsidiary. Tivmanco Limited which is
incorporated in the UK. Its issued share capital of £1 is owned by the Charity and held primarily for the
purpose of furthering the Charity's Objects. Tivmanco Limited is responsible for the operation of the
Tivoli Theatre. TivmanGO Limited covenants its taxable profit to Friends of the Tivoli. A summary of its
trading results is shown below. The subsidiary's financial statements have been consolidated with those
of the Friends of the Tivoli in the group accounts presented here and notes 4,5 & 6 relate to the group.
2024
2023
Unrestricted
Unrestricted
Profit and Loss Account
Turnover
Cost of sales
Gross profit
Administrative expenses
Total expenditure
Trading profit
Other operating income
Profit before taxation
Taxation
Net profit
Amount blf from subsidiary
Amount gift aided to Friends of the Tivoli
Retained in subsidiary
1,578,856
958,126
620,730
466,553
1,424,679
154,177
1,433,516
869,354
564,162
452,353
1,321,707
111,809
154,177
111,809
154,177
111,809
111,809
154,177
111,809
151,347
151,347
111,809
17

FRIENDS OF THE TIVOLI
NOTES TO THE ACCOUNTS (continued)
For the Year Ended 31st December 2024
Commercial trading operations continued
A summary of the financial activities undertaken by the charrty is set out below..
2024
2023
Gross incoming resources
Expenditure on charitable activities
Fundraising costs
Governance and investment management costs
Net incoming resources
Total funds brought forward
Total funds carried forward
136,819
(103,583)
(250)
(6,020)
26,966
1,250.484
1,277,450
172,979
(108,785)
{250)
(5,522)
58,422
1,192,062
1,250,484
Represented by:
Restricted income funds
Unrestricted income funds
1,277,450
1,277.450
1,250,484
1,250,484
Expenditure
2024
2023
Unrestricted
Unrestricted
Cost of generating voluntsry income
Membership expenses
250
250
Fundraising trading costs
Fundraising activities
Investment management costs
Bank Charges
Charitsble activities
Theatre and Cinema costs
Establishment expenses
Depreciation
Governance costs
Audit Fee
Trustees Indemnity Insurance
46,652
56,931
39,648
69,135
6.020
5,522
109,603
114,305
Trustees Indemnity Insurance is covered but following a change in Insurance Company there is now a
combined policy, and the individual cost cannot be identified.
18

FRIENDS OF THE TIVOLI
NOTES TO THE ACCOUNTS (continued)
For the Year Ended 31 st December 2024
Staff costs
2024
2023
Group
Gross salaries including Show Fees
National insurance
Pension
195,831
10.530
5,297
183,260
8,799
4,917
The weekly average number of employees
during the year for the Group was as follows
No employee earned more than £60,000.
Net income
2024
2023
This is stated after charging:
Staff costs (see note 5)
Auditors, remuneration..
211,658
6,020
8,500
56,931
196,976
5,522
8,026
69,135
Charitable company
Trading subsidiary
Depreciation
Trustees, remuneration and expenses
The Trustees (directors) received no remuneration or any other benefit from the charity (2023.. nil) and
no reimbursed expenses (2023: nil).
Funds belonging to the Charity have been used in the purchase of insurance to protect the Charity from
loss arising from the neglect or defaults of its trustees. employees or agents and indemnify the trustees
against the consequences of any neglect or default on their part.
19

FRIENDS OF THE TIVOLI
NOTES TO THE ACCOUNTS (continued)
For the Year Ended 31st December 2024
Tangible fixed assets
Freehold
Improvements
Electrical
Furniture
and Stage
and other
Equipment Equipment
Total
Cost or valuation:
1 st January 2024
Additions
Disposal of Asset
31 st December 2024
926,941
22,233
528,179
7,031
75,805
6,291
1,530,925
35,555
949,174
535,210
82,096
1,566,480
Depreciation:
1 st January 2024
Provision for year
Disposal of Asset
31 st December 2024
321,875
33,065
432.294
20,840
69,204
3,026
823,373
56,931
354,940
453,134
72,230
880,304
Net book values:
31 st December 2024
594,234
82,076
9,866
686,176
31 st December 2023
605,066
95,885
6,601
707,552
Freehold Property
In 2004 the freehold of the Tivoli Theatre (19123 West Borough) was acquired from the Dorset County
Council and 25127 West Borough from the East Dorset District Council, previously both properties had
been leased on peppercorn rents. If the buildings ceased to operate for theatre activities, then the
properties would return to the local authority Dorset Council.
Investments
2024
2023
Investrnents in subsidiaries..
Shares at cost
Forr holds 100 % of the ordinary share capital of Tivmanco Limited which is a company registered in
England (company number 03237197), undertaking trading activities associated with operating the Tivoli
Theatre.
20

FRIENDS OF THE TIVOLI
NOTES TO THE ACCOUNTS (continued)
For the Year Ended 31st December 2024
10. Stocks
Group
Charity
2023
2024
2023
2024
Goods for resale
7,102
5,215
11. Debtors
Group
Charity
2024
2023
2024
2023
Trade debtors
Amounts owed by group undertakings
Other Debtors
Prepayments and accrued income
Corporation Tax
371
371
10,974
24,124
10,174
8,936
2,500
928
10.545
9,307
13,474
25,052
12. Creditors falling due within one year.
Group
Charity
2024
2023
2024
2023
Trade creditors
Amounts owed to group undertakings
Other taxes and social security costs
Accruals and deferred income
40,662
40,998
1,252
30
522,068
562.730
497,774
538,772
7,250
8,502
6,498
6,528
13. Commitments
Operating Lease Commiknents
As at 31 St December 2024 the group had total commitments under non - cancellable operating leases as
follows..
Operating Leases which expire..
2024
2023
Within one year
Within two and five years
8.899
5,849
1,025
13,719
22,618
6,874
Contingencies
The total amount of contingencies not included in the balance sheet is £10,600 {2023 - £12,400).
21

FRIENDS OF THE TIVOLI
NOTES TO THE ACCOUNTS (continued)
For the Year Ended 31st December 2024
14. Restricted Funds
When works are completed. the related restricted funds are released in that year. The appropriate
adjustment is made between restricted and unrestricted funds. There were no restricted funds in 2024.
15.
Unrestricted Funds
Group
Charity
2024
2023
2024
2023
At 1 st January 2024
Surplus for the year
Transfer between funds
At 31 st December 2023
1,362,294
69,334
1.343,409
18,885
1,250,484
26,966
1,192,062
58,422
Fixed Asset Reserve
Designated Reseple
General Reserve
686,176
158.650
707,552
173,070
686,176
158,650
707,552
173,070
369 862
1 250 484
16. Analysis of Group Net Assets between Funds
General
Fund
Designated
Funds
2024
Totsl
2023
Total
Tangible Fixed Assets
686,176
686,176
707,552
Cash at Bank and in Hand
1,131,885
158,650 1,290,535
1,178,992
Other net current
assetslliabilities
(545,083)
(545,083) (524,250)
TOTAL
586,802
844,826 1,431,628
1,362,294
22

FRIENDS OF THE TIVOLI
NOTES TO THE ACCOUNTS (continued)
For the Year Ended 31st December 2024
17. Reconciliation of Net Movement in Funds to Net Cash Flow from Operating Activities
Group
Charity
2024
2023
2024
2023
Net movement in funds
Add depreciation charge
Add Subsidiary surplus
Deduct Interest Income
Decreasellncrease in Stock
Decreasellncrease in Debtors
Decreasellncrease in Creditors
69,334
56,931
18,885
69,135
26.966
56,931
58,422
69,135
(13,329)
(1,887)
(1,238)
23,958
(9.582)
(872)
4.864
51,910
(13,329)
(9,582)
11,578
1,974
21,723
(10,127)
Total
133.769
134,340
84,120
129.571
18. Related Parties
The Charity's wholly owned non-charitable trading subsidiary, Tivmanco Limited, also has its registered
office at 19-23 West Borough. Wimbome, Dorset. A gift aid donation of £154,177 will be paid during
2025 {2023.' £111,809 - paid during 2024) to the Friends of the Tivoli from Tivmanco Limited. At the
balance sheet date £10,974 was owed by Tivmanco Limited (2023: £24,124 being the balance on the
inter-company loan account through which relevant expenses and income are transferred to the
charitable company).
19. Contingent Asset
During 2021 a contribution of £6,096 was made to the owner of Kings House. Should the property be
sold within 5 years a clawback clause applies, and funds will be returned to Friends of the Tivoli in these
circumstances.
23

For the infomation of Trustees only
FRIENDS OF THE TIVOLI
CHARITY DETAILED INCOME AND EXPENDITURE ACCOUNT
For the Year Ended 31st December 2024
2024
2023
Income
Donations and fundraising
Covenant Tivmanco
I nterest
11,681
111,809
13,329
136,819
12,049
151,347
9,582
172,978
Administrative Expenses
Fundraising Activities
Membership Activities
Rates and Water
Insurances
Audit fee
Equipment Office
IT Support
Repairs and maintenance
Irrecoverable VAT
Depreciation
Professional Fees
Miscellaneous Expenses
Net Income for the year
250
2,292
16,285
6,020
11,747
10,912
1,665
3,726
56,931
250
2,071
15,562
5,522
18,762
3,016
69,135
200
38
25
109,853
26,966
114,556
58,422
24

For the information of Trustees only
FRIENDS OF THE TIVOLI
CONSOLIDATED DETAILED INCOME AND EXPENDITURE ACCOUNT
For the Year Ended 31 st December 2024
2024
2023
Stage Shows and Cinema
Turnover
Paid to performerslpromoters and for films
1,268,421
904,220
1.156,907
819.730
364,201
337,177
Refreshments
Turnover
Cost of sales
68,138
26,401
61,878
25,540
41,737
36,338
Bar
Turnover
Cost of sales
68,333
27,505
60,629
24,084
40,828
446,766
36,545
410,060
Net takings from theatre
Miscellaneous sales and advertising
Rent
Donations, gifts, and grants
Interest receivable
170,821
3,143
11,681
13,329
645,740
151,161
2,940
12,049
9,582
585,792
Administrative Expenses
Salaries
Contractors
Light and heat
Rates and water
Repairs and maintenan
Insurance
Cleaning and toiletries
Motor and travel
Security
Telephone
Equipment hires and replacement
Printing, postage stationery and computer
Performing Rights Society (net)
Advertising
Audit fees
Professional Advice
Bank charges
Depreciation
Transaction & Online Charges
Membership expenses
Sundry expenses
Irrecoverable VAT
211,658
12,170
35.303
2,292
12,793
16,285
21,144
1.274
22,490
5,111
15,390
32,477
739
40,319
14,520
680
626
56,931
46,729
250
5,429
21,796
201.976
12,286
37,900
2,071
32,658
15,562
19,799
1,793
20,580
2,795
2,948
18,659
1,118
42,704
13,548
200
1,168
69,135
41,534
250
6,839
21,386
576,406
69,334
566,907
18,885
Surplusl Loss for year
25