Charity Registration No. 1089084
Company Registration No. 03941287 {England and Wales)
THE REGEKf (CHRISTCHURCH) LIMITED
ANNUAL REPORT AND FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
BUSINESS
ADVISORS
& AtCOVP17411TS
10 Bridge Street
Christchurch
Dorset
BH23 IEF

THE REGENT ICHR15TCHURCH) UMrrED
CONTENTS
Pa8e
Company information
Trustees, report
Statement of trustees, responsibilities
io
Independent auditor'5 report
11-14
Statement of financial attivities
15-16
Balance sheet
17-18
Statement of cash flows
19
Notes to the financial statements
20-40

THE REGENf ICHRlSfcHURCH) LIMITED
LEGALAND ADMINlSfRATIVE INFORMATION
Trustees
Mr M Goldsmith
Mr C Knighton
G L Smith
Mr D M Slade
Ms V R Phillips
(Appointed 19 April 2023}
(Appointed 16 August
2023}
(Appointed 6 April 20241
{Appointed 6 April 20241
(Appointed 20 November
20241
{Appointed 6 April 20241
MrDWEve
Mr I P Carter
Ms S Wilkinson
Mr C Humphries
Secretary
Mr C Humphries
Charity number
1089084
Company number
03941287
Reglstered office
51 High Street
Christchurch
Dorset
England
BH23 IAS
Auditor
TC Group
10 Bridge Street
Christchurch
Dorset
BH23 IEF

THE REGENf {CHRisfcHURCH) LIMITED
TRUSTEES, REPORT {INCLUDING DIREcfoRS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their annual report and financial statements for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies sÈt out in note I to the
financial statements and comply with the charity's deed of trust and Memorandum and Articles of A550ciation,
the Companies Act 2006 and -Accounting and Reporting by Charities= Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland IFRS 1021" las amended for accounting periods commencing from l January
20161
Objertlves and actlvltles
The objects of the charity, as set out in its Memorandum of A550ciation. are:
To entertain and educate our patrons. through the promotion of the arts. in particular but not exclusively, bv
the provision of film and theatre presentations at public performances.
Principal activities include 3 diverse programme of live performances involving community presentations and
high-quality touring events, together with a wide-ranging film and satellite programme. Additionally, 35mm film
projection equipment continues to be used which allows traditional film to be screened, providing a premium
specialised experience. The Board will continue to offer cinematic and theatrical entertainment in the
traditional form, with new content widening the boundaries to include specialized and targeted family
entertainment representing particularly good value.
A Board objective is to enhance diversity of pro8ramming, therefore providin8 BCP residents and beyond, high
quality arts events, such as opera and drama live broadcasts from internationally acclaimed companies at one
end of the spectrum contrasted with traditional children'5 cinema club and silver cinema for a more mature
audience at much reduced admission charges at the other end of the spertrum. Live entertainment featuring
the cream of amateur groups from the local area and the best touring shows provide programme balance.
The charity continues to pursue its objerts vigorously. To meet its financial challenges over the past year, with
declining audiences, weak cinema output and market uncertainty closin8 venues across the UK, the Trustees
remain committed to the following overall aim to ensure the Regent's future viability. This has been
underpinned by careful stewardship of resources,. judiciou5 adjustments to pricing- varying the balance of
provision between cinema, theatre, music and comedy to stimulate increased demand. continuing
refurbishment and technical investment in the venue. and modernisation of cinematic and theatrical
technology to keep pace with rapid changes, all designed to offer the very best presentation and customer
experience.
The Board's principal aim continues to be to develop and reinforce the Regent as a quality venue of choice in
*he wider BCP conurbation, and a cultural hub for Christchurch and the wider environs.

THE REGENT ICHRisfcHURCHI LIMITED
TRUSTEE5' REPORT {INCLUDING DIREcfoRS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Our Mission Statement is designed to simplify and focus our ambition5 and reflect the future..
l. To provide a professionally run venue for the performance of theatre, music, and film.
2. To act as the cultural centre for Christchurch and the surrounding areas.
3. To ensure that visitors to the Regent enjoy the very best customer experience.
4. To encourage and maintain the opportunity for volunteers to support the arts.
5. To develop public access to the performing arts by an appropriate marketing strategy.
6. To enable the development and expansion of the venue by fund-raising and grant applications.
A continuing business objective for the Board has been to improve the regulatory upholding of the Regent.
including investment in staff and volunteer training to ensure that patrons receive the very best experience.
The following activities form part of the everyday norm at the Regent.
Trustee Board meetings are held monthly, with the Finance and Working Party Committees meeting regularly.
Informal and formal meetings are held between the Board and senior management on a weekly basis.
Modernising the IT infrastructure and software programmes to offer efficiency improvements and 3 greater
knowledge of patron requirements and their locations.
Ensuring good internal communication between Board, volunteers, and staff, through electronic
communications and physical meetings.
Working with the Volunteers to continuously improve procedures, training and documentation for all aspects of
public health and safety in the Regent's operating hours.
To ensure that the newly restored and refurbished venue is maintained, cleaned and operated to the highest
standards.
Significant activities
The Board seek to provide high quality entertainment for the wider BCP conurbation, by bringing arts events,
such as opera and drama live broadcasts from internation311y acclaimed companies a5 part of the programme
of screen presentation. Additionally, the latest releases and offerings from the more esoteric and classic film
catalogues are being developed. A high-quality mix of live entertainment such as amateur dramatics, music,
comedy, and speech which traditionally enjoys favourable support.
Cinema has continued to struggled to generate quality output and significant audiences post-covid, not helped
by the Hollywood writers, strike, but films like Wonka, The Great Escaper, One Life, Barbie and Oppenheimer
provided much needed surges in audience from Ottober onwards. This year we hosted Dirt in the Gate movies,
Grindfe5t13 day 35mm Film Festival) in September, overall, there were 24 performances of 35mm presented at
the Regent in the period. The Christmas Spectacular 2023 was the highest attended theatre show ever at the
Re8ent, selling 5,910 tickets.
To help meet the needs of local arts, drama, music and other community groups, the Studio at the back of the
theatre has been fully refurbished and is ready for hire. New digital screens have been installed at the front of
the building to attract more attention to the theatre and help increase passing business.
Strategic advertising and marketing ha5 been utilized to best inform new and existing patrons about the
content being offered at the Regent.

THE REGEKf (CHRISTCHURCH) LIMITED
TRUSTEES, REPORT {INCLUDING DIREcfoRS' REPORT} (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Publlc beneflt
The Regent relies on ticket sales, building hire, bar, and coffee bar sales income to cover its operating costs. In
setting the level of fees, charges and commission5, the Trustees have had regard to Charity Commission
guidance on public benefit, maintaining the financial viability of the company. and improving the accessibility of
the theatre and its services.
Concessionary prices for the elderly are applied to almost every event, the exception5 being only those events
when the price-setting 15 Outside our control and is applied by a promoter or organiser. A children's cinema club
is operated most weekends for all the family as vastly reduced admission prices. Film presentations Specifically
for more mature patron5 are offered with free refreshments at reduced prices.
Charity screenings of two films in April and May for the Mayors charity- the Macmillan Trust - raised a total of
£4,210, and thanks go to all audience 5UPPQrters.
Over this period, we have regular public tours to the behlnds the scenes workings of the Regent, and the
museum where the history of the Regent is illustrated.
Improvements and upgrades were made to the stair lift access into the Foyer enabling less able guests to gain
access to the building.
Volunteers
Volunteer5 are crucial and central to the continuing viability of the charity. Volunteers undertake duties In box
office, front of house service, projection team, the information centre and the ancillary catering activities.
Currently there are around 150 volunteers recorded on the re8lSter. Essentially:
l. This level of involvement generates a sense of community ownership of the charity and increases the
charity's profile in the area.
2. The costs of replacing volunteer sessions with paid staff at the national minimum wage would amount to
additional operating costs of around £270,000.
A¢hlevements and performance
Charltable actlvltSes
Over the last decade, the Regent had been growing year-on-year, with 2019120 being the best year of operation
since inception. The Covid pandemic posed a major challenge which was helped significantly by the very
welcome BFI grants at the time. 2022-23 saw significantly reduced admissions leading to monthly operating
losses. Although 2023-24 did see a significant improvement in admissions over time, it also brought a five-fold
increase in energy costs for the theatre. significant Board and management actions, including new energy
contracts, a rebalancing of provision and more diverse offerin8s saw the situation improve towards the end of
2023-24. The Board considers the final result to be a sm311 but manageable loss given the massive rise in energy
costs, but Board and management attion will continue to be necessary in 2024-25 to further miti8ate this risk.
The Regent reviews its feedback from customers by accessing the attendance of performances. by speaking
with patrons after an event, by email and by online review5 such a5 Google, Facebook. and Trip Advisor.

THE REGEMf ICHRISTCHURCH) LIMITED
TRusfEES' REPORT (INCLUDING DIRECTORS, REPORn ICONTINUED)
FOR ThE YEAR ENDED 31 MARCH 2024
Fundraislng actlvltles
The charity raises up to £2 per ticket sale towards the development fund. All fundraising is undertaken in
accordance with The Code of Fundraising Prartice including dealing With any complaints. No complaints were
received in the year ended 31 March 2024.
Flnanclal revlew
Flnancial position - Charltable Income and expendlture
Income from the cinema and theatrical promotions continued to be challenging in 2023-24. but the Board and
management worked to regularly review the balance of provision between cinema, live cast5, music. comedy,
theatre to maximise audiences and revenue. Energy costs relating to gas and electricity supply had increased by
500% from January 2023 when our previous supply contracts were concluded. A new two-year fixed price
energy supply contract was si8ned In Ortober 2023, which has reduced supply prices to reflect an approximate
100% increase from the pre-january 2023 price.
Variable charitable expenditure in the year has followed the same trend as the charitable income whereas semi
variable costs have been reduced where possible.
The Trust operates 3 Development Fund, where up-to £2 per ticket sold is utilised for the ongoing improvement
and maintenance of the Regent. Durin8 this financial year. expenditure has a8ain been allocated to
improvements to the stage and technical equipment. including improvements to the lighting truss- new digital
screens at the front of the building,. the design, produrtion and installation of new house tabs,. creation of a
new secure technical store. and a f ull refurbishment of the Studio, expandin8 provision to support local arts,
drama, film and music groups.
The notional donation from 8CP Council increased from £69.664 in the prior year to £113,849.
The Board is aware of a potenti31 issue relating to the company's VAT reclaims, which could be of benefit to the
Regent, and will be consult with specialists over the next few months to clarify the situation.
External fundln8
The trustees are grateful for the continuing support of the Local Authority IBCPI in terms of assistance toward5
rent and building maintenance. A 25-year lease is now in operation, which will provide long term stability to the
Company, and provide confidence when capital sums are being expended on refurbishment and enhancement
works.
Reserves policy
At the end of the year unrestricted free reserves amounted to £579,908 12023 £568.4121, unrestricted
designated reserves amounts to £ICQ,00012023 £I00,CM￿) and restricted reserves amounted to £206,615
12023 - £179,495). The board is committed to maintaining a reserve holding of £IOO,000 at all times as a
contin8ency fund.
The total development fund showed an increase of £36.308 in the year, with the final balance as at the year
end being £206.283. The Re8ent Development fund is held for projects to improve the Regent and secure it for
the future.
The current reserves are considered to be sufficient for the Regent to continue in operation.

THE REGENf {CHRisfcHURCH) UMITED
TRUSTEES, REpoKf (INCLUDING DIREcfoRS' REPORT) ICONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Financial and rlsk rnanagement objectives and policies
The charity has a comprehensive risk management strategy, comprising:
al Fire Risk Assessment reviewed continually. with fire evacuation reviews and practices carried out regularlv.
bl Health and Safety and Operational Risk Assessment reviewed continually.
cl Financial, viability and compliance Risk Assessment. reviewed continuallv.
dl Insurance cover is reviewed annually
el Energy cost and supplier management reviewed annually
Each of these identifies and classifies levels of risk and sets out actions and strategies to reduce risk andlor
minimi5e impact.
Major factors identified in each area, include:
al Ensuring a continuing awareness of effective evacuation procedures in the event of fire, whith have been
addressed through further revision of procedures and new mandatory training programmes for staff and
volunteers. We continue to operate Fire Service operational procedures negotiated with the Fire Authority to
secure the responsive service we need to have in place.
bl Health and Safety policies and procedures have been drawn up with the part-time services of a Health and
Safety professional, who works with the charity on an ongoing basis. BCP Council also provide quarterly health
and safety inspettions as part of their agreement. The stage can be a hazardous area, for which detailed
working procedures have been drawn up, and implemented. Regulatory approval through annual inspection
ensures compliance and risk minimization. Other hazards for the public and staff are identified. and remedial or
preventative artion is bein8 undertaken on an on80ing basis.
cl Increasing competition in the area is a continuing challenge. Our actions to minimise this risk are to reinforce
and check barring clauses with artists. managements, regularly review programmes of local venues against our
own, and to be constantly innovative and vigilant in pro8ramming to attempt to remain ahead of the
competition by introducing additional programme material to widen audience appeal.
dl The continuation of digital cinema has revolutionised the ability to present a 8reatly increased range of
feature films and show relays. which has been met with enthusiastic audience response and increased
attendances. An additional benefit is the ability to run cinema and stage shows 'back-to-back' and therefore
increase the numbers of events offered. The widening of the cinematic offerin8 through classic and esoteric
screenings is being introduced to attract a wider and younger audience.
el As reported elsewhere, a new two-year fixed price energy supply contrart was signed In October 2023, which
has reduced supply prices to reflect an approximate IIMYA increase from the pre-january 2023 price.

THE REGENT (CHRisfcHURCH) LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORn (coNriNUED)
FOR THE YEAR ENDED 31 MARCH 2024
Future plans
The Trustees will continue to work with the Manager and staff team on new initiatives. The following actions
will, it is hoped. contribute to a continuing improvement in the financial position in 2024-25:
a. Stabilise costs and ensure best value for money. whilst maintaining the highest level of service.
b. Continue to improve the Box Office / Information Centre and its integration with the Regent operation
c. Maintain and further improve the building to maximise patron comfort and enhance the herita8e asset.
d. Upgrade and future proof cinema sound system
e. Upgrade and future proof theatre lightin8
f. Revisit stage tabs project to rectify lining glimpses to audiences.
8. Foyer restoration and refurbishment to reflect our art deco herita8e
The current reserves are considered to be sufficient for the Regent to continue in operation and the Trustees
will continue to monitor all activities very closely to ensure that prompt action is taken, if necessary.
The 25-year lease now in operation. underpins the commercial future of the Regent and ensure long term
stability.
In summary, the Board of Directors has tried to minimise risk when the business by optimi5ing cost in all areas.
Volunteer staff will be utilized alongside paid members of the team to keep the cost base to the minimum.
Continual campaigns are operated to encourage patrons back to the Regent and make it their entertainment
venue of choice.

THE REGEpif ICHRISTCHURCHI LIMITED
TRusfEES' REpoKf (INCLUDING DIREcfoRS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Strurture, governance and management
The trustees, who are also the directors for the purpose of company law, and who serrfed durin8 the year and
up to the date of si8nature of the financial statements were:
MrCCRoot
Mr L P Del-Nevo
Mr P V Stevens
Mr M Goldsmith
Mr G Trinder
Mr C Knighton
Mrs S Bungev
G L Smith
Mr D M Slade
Ms V R Phillips
MrDWEve
Mr I P Carter
Ms S Wilkinson
Mr C Humphries
(Resigned 5 April 20241
(Resigned 5 April 20241
(Resigned 5 April 20241
(Resigned 6 April 2024)
{Resi8ned l October 20231
(Appointed 19 April 20231
(Appointed 16 August 20231
(Appointed 6 April 20241
(Appointed 6 April 20241
(Appointed 20 November 20241
(Appointed 6 April 20241
Governlng document
The charity is controlled by its governing document. a deed of trust, and constitutes a limited company. limited
by guarantee, as defined by the Companies Act 2Crf)6.
The charity Is constituted as a charitable company limited by guarantee, governed by Memorandum and
Articles of Association.
The Articles provide for:
Not less than Sim and not more than eleven Directors. alway5 provided that not more than 19% of the Board of
Directors shall be local authority associated persons, elected by and from the membership at the Annual
General Meeting.
The Board of Directors may at any time co-opt other members of the company to fill casual vacancies occurring
in the Board of Directors between Annual General Meetin8s. Not more than two persons. who are members of
the company. may be co-opted by the Dirertors.
At each Annual General Meeting. all co-opted Directors shall retire from office.
All retiring Directors, whether elected or co-opted, shall be eligible for re-elertion provided they have not
served for a continuous period of five years without a break of at least one year.
All members of the Board of Directors are company Directors and charity Trustees within the meaning of the
Companies Act and charity law.
Under no circumstances can an employee of the company serve on the Board of Directors.

THE REGENT (CHRisfcHURCH) LIMITED
TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORll (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
The Board resolved to undertake a general review of the constrtution of the Regent to ensure that any relevant
changes in the law since it was constructed are considered, and the business was operating as efficiently as
possible and in accordance with modern prattices.
The Board of Trustees considers and approves all policies adopted by the charity. including risk assessments.
mission statement, aims and objettives of the organisation. the annual budget. and the charity's strategies. It
also considers any major new initiative involving risk capital.
Organi5ational strurture
The charity currently has no trading subsidiaries.
Decision maklng
The day-to-day management and operation of the Regent, within the policies appfoved by the Trustees and
including programmin8, minor initiatives, marketing, staffing and administration. are delegated to the general
manager.
Induction and tralning of newtrustees
Trustee appointment. induction and training includes a comprehensive system of detailed interview, regulatory
checks, induction and necessary training. Particular reference is made to the skill sets, diversity and relevance
of back8round and experience, and cultural fit of the indrvidual with the Charity. to support and enhance the
current board of Trustees with its duties.
Key management remuneration
Setting pay and remuneration for The Regent's personnel is determined by the Board. which has regard to the
responsibilities of the role and the market conditions against which comparisons are made to ensure the
correct skill set is readily available in all operating areas of the charity.
Wider network
The charity continues to enjoy a very good working relationship and support from BCP Council and Christchurch
Town Council.
Events since the end of the year
Information relating to events since the end of the year is given in the notes to the financial statements.
Auditor
In accordance with the company's articles, 3 resolution proposing that TC Group be reappointed as auditor of
the company will be put at a General Meeting.
The trustees, report was approved by the Board of Trustees.
Mr M Goldsmith
Chairma
and Trustee
Dated..

THE REGENT (CHRisfcHURCH) LIMITED
STATEMENT OF TRusfEES' RESPONSIBILrriES
FOR THE YEAR ENDED 31 MARCH 2024
The trustees, who are also the directors of The Regent {Christchurchl Limited for the purpose 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 Generally 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 charity and of the incoming resources and application of resources. including
the income and expenditure. of the charitable company for that year.
In preparing these financial statements. the trustees are required to:
select suitable accounting policies and then apply them consistentlv;
observe the methods and principles in the Charities SORP-
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- and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity
will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accurary at
any time the financial position of the charity 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 charity and hence for taking
reasonable steps for the prevention and detertion of fraud and other irregularities.
10-

THE REGENf ICHRisfcHURCHI LIMITED
INDEPENDENT AUDrroR'S REPORT
TO THE TRusfEES OF THE REGENT (CHRISTCHURCH) LIMITED
Oplnlon
We have audited the financial ststements of The Regent Ichristchurchl Limited (the 'charity'l for the year ended
31 March 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash
flows and notes to the financial statements, including significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards, including Financial Reporting Standard 102 The Finonciol Reporting Standord opplicoble in the UK and
Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements..
give 3 true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its
incoming resources and application of resources, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,.
nd
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls for oplnlon
We conducted our audit in accordance with International Stsndards on Auditing IUKI {ISAs IUKI) and applicable
law. Our responsibilities under those standards are further described in the Auditor's responsibilitie5 for the oudit
of the financiol statement5 section of our report. We are independent of the charity in accordance with the
ethical requirements that are relevant to our audit of the financi31 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 evidence we have obtained is sufficient and appropriate to provide a basis for our
opinion.
Concluslons relatlng to zolng concern
We have nothing to report in respert of the followin8 matters in relation to which the ISAS IUK) require us to
report to you where:
the trustees, use of the going concern basis of accountin8 in the preparation of the financial statements is
not appropriate,. or
the trustees have not disclosed in the financial statements any identified material uncertainties that may
cast Slgnificant doubt about the charity's ability to continue to adopt the going concern basis of accountin8
for a period of at least twelve months from the date when the financial statements are authorised for issue.
Other Informatlon
The other information comprises the information included in the annual report other than the financial
statements and our auditor's report thereon. The trustees are responsible for the other inft)rmation contained
within the annual report. Our opinion on the financial statements does not cover the other information and we
do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and,
in doing so, consider whether the other information is materially inconsistent with the financial statements or our
knowledge obtained in the course of the audit. or otherwise appeèrs to be materially misstated. If we identify
such material inconsistencies or apparent material mi55tatements. we are required to determine whether this
gives rise to a material misstatement in the financial statement5 themselves. If, based on the work we have
performed, 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 re8ard.
11

THE REGENT (CHRISTCHURCH) LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRusfEES OF THE REGENT ICHRlSfcHURCH) LIMITED
Matters on which are requlred to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and
Reportsl Regulations 2008 require us to report to you if, in our opinion:
the information given in the financial statements is inconsistent in any material respect with the trustee5'
report,. or
sufficient accounting records have not been kept,. or
the financial statements are not in agreement with the accounting record5,' or
we have not received all the information and explanations we require for our audit.
Responsibllltles of trustees
As explained more fully in the statement of trustees, responsibilities, the trustees. who are also the direttors of
the charity for the purpose of company law, 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 charity'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 charitable company or to
cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audlt of the flnanclal statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with
the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance 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 IUKI 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.
A further description of our responsibilities is available on the Financial Reporting Council's website at: https-//
www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
12-

THE REGENT (CHRisfcHURCH> LIMITED
INDEPENDENT AUDrroR'S REpoKr (coMriNUED)
TO THE TRusfEES OF THE REGENT ICHRisfcHURCH) LIMITED
Extent to whlch the audit was consldered capable of detectln8 Irregularities, Includlng fraud
The objectives of our audit. in respect to fraud, are: to identify and assess the risks of material mi55tatement of
the financial statements due to fraud- to obtain sufficient appropriate audit evidence regarding the assessed risks
of material misstatement due to fraud. through designing and implementing appropriate responses: and to
respond appropriately to fraud or suspected fraud identified during the audit. However. the primary responsibility
for the prevention and detection of fraud rests with both those charged with Bovernance of the entity and its
management.
Our approach was as foll0v￿..
We identified areas of laws and regulations that could reasonably be expetted to have a material effect on the
financial statements from our general commercial and sector experience. and through discussion with the
trustees and other management las required by auditing standards), and discussed with the trustees and other
management the policies and procedures regarding compliance with la4¥s and regulations,.
We considered the legal and regulatory frameworks dirertly applicable to the financial statements
reporting framework IFRS 102 and the Companies Act 20061 and the relevant tax compliance regulations in the
UK..
We considered the legal and regulatory principles in the Charity SORP
We considered the nature of the industry. the control environment and business performance, including the kev
driver5 for management'5 remuneration,.
We communicated identified laws and regulations throughout our team and remained alert to any indications of
non-compliance throughout the audit. These include Health and Safety. employment law, building insurante,
public liability insurance and licencing. The Trustees use an external firm for Health and Safety and employment
law, as they believe this will ensure up to date knowledge and systems are used.
We considered and reviewed the procedures and controls that the company has established to address risks
identified, or that otherwise prevent, deter and detect fraud- and how senior management monitors those
programmes and controls. These include the review of authorisation limits for bank transactions. authorisation
for BACS payment and the review of the computerised booking system.
Based on this understanding we designed our audit procedures to identify non.compliance with such laws and
regulations. These include Health and Safety, Employment Law and Licencing. Where the risk was considered to
be higher. we performed audit procedures to address each identified fraud risk. These procedures included:
testing manual journals- reviewing the financial statement disclosures and testing to supporting documentation;
performing analytical procedures,. and enquiring of management, and were designed to provide reasonable
assurance that the financial statements were free from fraud or error.
Owing to the inherent limitations of an audit. there is an unavoidable risk that we may not have detected some
material misstatements in the financial statements, even though we have properly planned and performed our
audit in accordance with auditing standards. For example, the further removed non-compliance with laws and
regulations lirregularitiesl is from the events and transartions refiected in the financial statements, the less likelv
the inherently limited procedures required by auditing standards would identify it. The risk is also greater
regarding irregularities occurring due to fraud rather than error. as fraud involves intentional concealment.
forgery. collusion, omi55ion or misrepresentation. We are not responsible for preventing non-compliance and
cannot be expected to detect non-compliance with all laws and regulations.
13-

THE REGENT ICHRISTCHURCH) LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE REGENT (CHRISTCHURCHI LIMITED
Use of our report
This report is made solely to the company's members. as a body, in accordance with section 391 of the
Companies Act 2014. Our audit work has been undertaken so that we might state to the company's members
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 company and the
company'5 members as a body, for our audit work, for this report, or for the opinions we have formed.
Dean Pullen FCCA (Senlor Statutory AudStor)
for and on behalf of TC Group
Statutory Audltor
Office: Christchurch
Date.....
TC Group is eligible for appointment as auditor of the charity by virtue of its eli8ibility for appointment as auditor
of a company under of section 1212 of the Companies Act 2006
14-

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THE REGENT (CHRISTCHURCHI LIMITED
BALANCE SHEET
AS AT31 MARCH 2024
2024
2023
Notes
Flxed assets
Tangible assets
Current assets
Stocks
Debtors
Cash at bank and in hand
15
364,353
378,849
16
4,120
23,487
900.292
5,722
4.391
777,038
17
927,899
787.151
Creditors: amounts falllng due wlthln
one year
18
{405,729)
(318,0931
Net current assets
522.170
469,058
Totsl assets less current Ilabllltles
886.523
847,907
17-

THE REGEKf (CHRISTCHURCH) LIMITED
BALANCE SHEEr (coKriNUED)
AS AT31 MARCH 2024
2024
2023
Notes
Income funds
Restricted funds
Unrestricted funds - designated
Unrestritted funds- general
21
206.615
100,000
579,908
179,495
100,000
568,412
22
886.523
847,907
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies
Art 21)06, for the year ended 31 March 2024. although an audit has been carried out under section 144 of the
Charities Act 2011.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 21)06
with respett to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subjert
to the small companies regime.
The financial statements were approved by the Trustees on ..
Mr M Goldsmith
Trustee
Company Reglstratlon No. 03941287
18-

THE REGE￿r ICHRisfcHURCH) LIMITED
srATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Cash flows from operatin8 artivitie5
Cash generated from operations
28
212,365
277,519
Investin8 artivities
Purchase of tsngible fixed assets
(89,111)
{124,9441
Net cash used in invertlng artivities
189.1111
(124.9441
Net cash used in financin8 artivities
Net increase In cash and cash equiyalents
123.254
152,575
Cash and cash equivalents at beginning of year
777.038
624,463
Cash and cash equlvalents at end of year
900,292
777,038
19-

THE REGENT (CHRisfcHURCH) LIMITED
NOTES TO THE FINANCIAL STATEMEMrs
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcles
Charlty Information
The Regent {Christchurchl Limited is a private company limited by guarantee incorporated in England and
Wales. The registered office is 51 Hi8h Street, Christchurch, Dorset, BH23 IAS, England.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the
Companie5 Art 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021" las amended for accounting period5 commencing
from l January 20161. The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the
revaluation of freehold properties and to include investment properties and certain financial instruments at
fair value. The principal accounting policies adopted are set out below.
1.2 Goln8 concern
At the time of approving the financièl statements, the trustees have a reasonable expectation that the
charity has adequate resources to continue in operational existence for the foreseeable future. Thus the
trustees continue to adopt the golng concern basis of accounting in preparing the financial statements.
1.3 Charltable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Incomln8 resources
Income is recognised when the charity is legally entitled to it after any performance conditions have been
met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are reco8nised on receipt. Other donations are reco8nised once the charity has been
notified of the donation. unle55 performance conditions require deferral of the amount.
Income for donated services is included at a valuation of the costs borne by the donor where such cost is
quantifiable and measured reliably.
Income f rom grants are recognised when there is evidence of entitlement to the gift, receipt is probable and
its value can be measured reliably.
-20-

THE REGENT (CHRISTCHURCH) UMITED
NOTES TO THE FINANCIAL STATEMENrs (coKriNUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
(Continued)
Income from show admission fees is included in the period in which the charity is entitled to the receipt.
Income received during the period for shows taking place after the year end is included in creditors as
deferred income and is subsequently released to the Statement of Financial Activities in the relevant period.
Other trading activities income is raised by the s31e of goods and services undertaken by the Christchurch
Information Centre ICICI.
1.5 Resources expended
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 benefit 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 costs 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.
Costs of generating funds comprise those costs relating to fundraising and include costs of operating the
Christchurch Information Centre.
Charitable activity costs comprises those costs incurred by the charity in the delivery of its charitable
objectives. It includes both costs that can be allocated dirertly to such attivities and those costs of an
indirett nature necessary to support them.
Governance costs include those costs associated with meeting the constitutional and statutory
requirements of the charity and include the audit fee and costs linked to the strategic management of the
charity. These costs are included within support costs.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at C05t and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over
their useful lives on the following bases..
Fixtures and fittings
Studio facility
Improvements to property
25% on reducing balance
5% on cost
25% on reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale
proceeds and the carrying value of the asset. and is recognised in the statement of financial activitie5.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine
whether there is any indication that those assets have suffered an impairment loss. If any such indication
exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment
Ioss lif any).
21

THE REGEKf (CHRisfcHURCH) LIMITED
NOTES TO THE FINANCIAL STATEMENrs IcoNriNUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accountin8 pollcle5
(Continued)
1.8 Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be
incurred in marketing, selling and distribution.
1.9 Cash and cash equlvalents
Cash and cash equivalents include cash in hand, deposits held at call with banks. other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are
shown within borrowings in current liabilities.
1.10 Financial Instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues. of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements. when
there is a legally enforceable right to set off the recognised amounts and the￿ is an intention to settle on a
net basis or to realise the asset and settle the liability simultaneously.
805icfinonclol 055ets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transattion costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement constitutes a financing transaction, where the transaction
is measured at the present value of the future receipts discounted at a market rate of interest. Financial
assets classified as receivable within one year are not amortised.
805icfinonclol liobilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price
unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the
present value of the future payments discounted at a market rate of interest. Financial liabilities classified as
payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effertive interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilitie5 if payment is due within one
vear or less. If not. they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
22-

THE REGENT ICHRISTCHURCH) LIMITED
NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcles
(Contlnued)
1.11 Employee beneflts
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably
committed to terminate the employment of an employee or to provide termination benefits.
1.12 Retlrement beneflts
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.13 Leases
Rentals payable under operating leases, Including any lease incentives received, are charEed as an expense
on a straight line basis over the term of the relevant lease.
1.14 Llmlted by guarantee
The charity in limited by guarantee and therefore has no share capital. The liability of the members is limited
to £1.
-23-

THE REGENf ICHRisfcHURCH) LIMITED
NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Crltical accounting estimates and judgements
In the application of the charity's accounting policies. the trustees are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other sources. The estimates and associated assumptions are b3sed on historical experience and other
fattors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period. or in the period of the revision and future periods where the revision affetts both current and future
periods.
The key assumptions and other sources of estimation uncertainty that have significant risk of causing
material adjustment to the carrying amount of assets and liabilities within the next financial year are as
follows..
The annual depreciation charge is considered with reference to the estimated useful economic lives and
residual value of the assets. The useful economic lives and residual values are re-assessed annually.
The trustees assess the closing debtor balances for recoverability and those not considered probable of
recovery are provided for. For the current year, the trustees have assessed the balances outstanding and
consider no provision to be required a8ainst these.
Accruals for goods or services not yet invoiced are estimated based on historic activity with the supplier or
quotations received ahead of invoicing.
Prepayments are based on actual invoices received and costs allocated across the relevant accounting period
on a straight line basis of the time period in which the service relates to.
There were no other key sources of estimation uncertainty.
-24-

THE REGEpif {CHRisfcHURCH) LIMITED
NOTES TO THE FINANCIAL sfATEMENrs {coNriNUED)
FOR THE YEAR ENDED 31 MARCH 2024
Donations and legacles
Unrestrirted Restrirted
funds
funds
general
2024
Totsl
Total
2024
2024
2023
Donations
Donated Services
Government grants
4,699
114,529
124.849
129,548
114,529
116.280
70.314
127.108
119,228
124.849
244,077
313,702
For the year ended 31 March 2023
76,451
237.251
313,702
Donated goods and services
Bournemouth, Christchurch and Poole Council meets certain costs in support of the company as part of their
requirement to assist arts and culture in the borough. Under the requirement of FRS102, the trustees are of
the opinion that the quantifiable costs and loss of income of the Council should be included within these
financial statements and that the amounts should be recognised as a donated services. This donation also
includes cost5 relating to the Christchurch Information Centre ICICI.
-25-

THE REGENT (CHRisfcHURCH) LIMITED
NOTES TO THE FINANCIAL STATEMENrs (coNriNUED)
FOR THE YEAR ENDED 31 MARCH 2024
Income from other tradln8 activlties
Unrestricted Unrestrlrted
funds
funds
2024
2023
Rental income
Christchurch Information Centre
3,466
4,093
31,108
8,061
Other trading activities
7,559
39,169
Ralsln8 funds
Unrestrlrted
funds
general
2024
Total
2023
Raising funds
Staff costs
Christchurch Information Centre
3,887
3,891
1.991
Raising funds
3.887
5,882
3.887
5,882
-27-

THE REGENT (CHRISTCHURCH) LIMITED
NOTES TO THE FINANCIAL STATEMEKfs (co￿lNUED>
FOR THE YEAR ENDED 31 MARCH 2024
7. Charltable artlvltles
Charitable Charltable
expenditure expenditure
2024
2023
Staff costs
Depreciation and impairment
Rates and water
287,272
ICD.299
4,637
20,240
69,350
3,899
60,999
274,476
95,159
4,296
20.909
66,800
4.816
53,109
Insurance
Light and heat
Telephone
Advertising
E 11
Repairs and maintenance
Subscriptions
Other office costs
Theatrical production costs
Cinema production costs
Café and bar costs
Rent
Bank, credit card and internet
174.203
3.289
18,239
438,245
196,211
76.707
35,500
21,586
130,696
2,163
22,869
432,353
122,960
76,550
35.500
18,657
1,510,676 1,361.313
Share of support costs (see note 8)
18,934
19,976
1,529,610 1,381.289
Analysls by fund
Unrestrirted funds - general
Restricted funds
1,529,384 1.253,955
226
127,334
1.529.610 1,381,289
For the year ended 31 March 2023
Unrestricted funds- general
Restricted funds
1,253.955
127.334
1.381,289
-28-

THE REGENT (CHRlSfcHURCH) LIMrrED
NOTESTO THE FINANCIAL sfATEMEKfs {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Support costs
Support Governance
costs
2024
2023
Overhead - Notional donation from BCP
Overhead - Staff training and appointment
Overhead - notional donation for payroll services
1.810
2,468
1,810
2.468
1.810
4.538
680
650
Governance costs - wages
Governance costs- auditors remuneration
Governance costs - board expenses
Governance costs- other professional fees
3.887
8.397
1,317
375
3.887
8.397
1,317
375
3.891
6,832
1,988
267
4,958
13.976
18.934
19,976
Net movement in funds
2024
2023
The net movement in funds is stated after chargin81{crediting}:
Depreciation of owned tangible fixed assets
Loss on disposal of tangible fixed assets
100.299
3,309
95,159
10 Trustees
None of the trustees {or any persons connected with them) received any remuneration during the year, but
two of them were reimbursed a total of £1.186 for computer expenses. leaving 8ifts for board members and
adhoc repairs. One of the Trustees also hired the venue for an event at market rate cost of £753.
11 Employees
The average monthly number of employees during the year was:
2024
Number
2023
Number
Operational staff
Financial and administration staff
Other staff
Total
12
12
-29-

THE REGEKf (CHRisfcHURCHI LIMITED
NOTES TO THE FINANCIAL sfATEMENTS {copifiNUED)
FOR THE YEAR ENDED 31 MARCH 2024
11 Employee$
(Contlnued)
Employment costs
2024
2023
Wages and salaries
Social security costs
Other pension costs
265,563
16,269
250,670
18,332
5.474
287.272
274,476
In addition to the wages costs reco8nised above there are also wages costs of:
a) £3,88712023 - £3,891) recognised as cost of raisin8 funds. This represents IO% of key management wage5
costs (gross pay and national insurance).
bl £3.88712023- £3,891) recognised as support cost - governance. This represents IO% of key management
wages costs (gross pay and national insurance).
Total remuneration paid to key management personnel during the year was £35,52512023- £35,OC(JI.
In addition to the Charity's paid employees. the charity is also heavily reliant on volunteer staff for most
aspects of the operation of the Regent Centre. The trustees estimate that an extra 10 full time equivalent
staff would be required to cover aspects of the operation covered by volunteer5.
There were no employees whose annual remuneration was more than £60,OCK).
12 Other
Unrestrlcttd
funds
Total
2024
general
2023
Net1055 on disposal of tsngible fixed assets
3.309
13 Taxatlon
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

THE REGENT (CHRISTCHURCH) LIMrrED
NOTES TO THÉ FINANCIAL STATEME1￿5 (coNfiNUED)
FOR THE YEAR ENDED 31 MARCH 2024
14 Government grants
Government grants and support are recognised under the accruals basis and recognised in the period to
which the income relates.
15 Tangible fixed assets
Flxtyres and StwJlofa(ilitylrnpmwments to
ffittin85
property
Total
Cost
At l April 2023
Additions
Disposals
742,979
51.024
149.137}
181,039
508,510 1,432,528
38.087
89,111
149,137)
At 31 March 2024
744.866
181.039
546,597 1.472.502
Depreciation and Impairment
At l April 2023
Depreciation charged in the year
Eliminated in respect of disposals
540,381
58,614
{45.8281
181,039
332.258 1,053.678
41,685
100,299
145,8281
At 31 March 2024
553.167
181.039
373.943 1,108,149
Carrying amount
At 31 March 2024
191,699
172,654
364.353
At 31 March 2023
202.597
176.252
378,849
All equipment and fittings are owned by charity and used in connection with its objectives. The use of any of
these assets by the charity for the administration of the charity is minimal.
As detailed in note 20. the Regent Centre and Studio facility are owned by BCP {Bournemouth, Christchurch
and Poole Council) and occupied by the charity- Assets stated as Studio facility and Improvements to
property represent the expenditure incurred by the charity to allow the property to serve the charitable
objectives.
16 Stocks
2024
2023
Cafe, bar and CIC stock
4,120
5,722
31

THE REGENT (CHRisfcHURCH} LIMITED
NOTE5 TO THE FINANCIAL STATEMENfs (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
17 Debtors
2024
2023
Amount5 fallin8 due within one year:
Trade debtors
Other debtors
Prepayment5 and accrued income
1,362
585
22.125
3,806
23,487
4,391
18 Credltors: amounts fallln8 due wlthln one year
2024
2023
Notes
Other taxation and social security
Deferred income
Trade creditors
Other creditors
Accruals
30,585
227.625
49,158
59,378
38,983
5,393
154,648
44,201
62,008
51,843
19
405,729
318,093
19 Deferred Income
2024
2023
Other deferred income
227,625
154,648
2024
2023
Deferred income is included within:
Current liabilities
227.62S
154,648
Deferred income represents ticket sales in advance.
20 Retlrement benefit Schemes
2024
2023
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes
5,440
5.474
-32-

THE REGENT ICHRISTCHURCH) LIMITED
NOTES TO THE FINANCIAL sfATEMENfs {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
20 Retlrement beneflt schemes
{Contlnued)
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the charity in an independently administered fund.
-33-

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vi

OZI SI
Cry CL
c£

THE REGENT ICHRisfcHURCH) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
22 Unrestrlrted funds- deslgnated
These are unrestrirted funds which are material to the charity's artivities.
At l Aprll 2023
Trnnsfer5 At 31 March
2024
loo,000
Ico,000
Prevlous year:
At l Aprll 2022
Transfers At 31 March
2023
Projerts fund
100,000
100,O¢)O
Last year the trustees designated £IOO.000 of general funds to its own fund. This represents the designated
contingency fund.
23 Unrestrlcted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been Set aside out of unrestricted funds by the trustees for specific purposes.
At l Aprll 2023
Incomln8
resources
Resource$
expended
Transfers At 31 March
2024
General fund5
568,412
1,450.573
11,536,580)
97,503
579,908
Prevlous year:
At l Aprll 2022
Incomln8
resources
Resources
expended
Transfers At 31 March
2023
General funds
571,288
1,245,947
11,259,837)
11,014
568,412
-36-

THE REGEMf ICHRisfcHURCH) UMITED
NOTES TO THE FINANCIAL 5fATEMEKfs {CONnNUED)
FOR THE YEAR ENDED 31 MARCH 2024
24 Analysls of net assets betvften fund$
Unrestrirted Unrestricted Restrirted
funds
funds
funds
zeneral
deslgnated
2024
2024
Total
2024
2024
At 31 March 2024:
Tangible assets
Current assets/(liabilitiesl
363,976
215,932
377
206.238
364,353
522,170
100.CK)O
579,908
100,1
206.615
886,523
Unrestrfcted Unrestrfrted Restrirted
funds
funds
funds
general designated
2023
2023
Totsl
2023
2023
At 31 March 2023:
Tangible assets
Current assets/lliabilitie5)
378.341
190,071
508
178,987
378,849
469,058
100,(K)O
568.412
100,LK)O
179,495
847,907
-37-

THE REGENT ICHRisfcHURCH) LIMITED
NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
2S Operatlng lease commltments
At the reporting end date the charity had outstanding commitments for future minimum lease payments
under non-cancellable operating leases, which fall due as follows..
2024
2023
Within one year
Between two and five year5
3,321
4,908
3,710
8,230
8,229
11,940
26 Related party transactlons
Durin8 the year payroll services were provided by Andrews & Co ICBA Accountax Limited), of which Mr C
Root is a dirertor. These services are provided at nil cost but a notional cost value of £680 is recognised for
the service provided.
-38-

THE REGENT (CHRisfcHURCH) LIMrrED
NOTES TO THE FINANCIAL STATEMEpirs (coKriNUED)
FOR THE YEAR ENDED 31 MARCH 2024
27 Agreement wlth BCP (Bournemouth, Chrfrtchurch and Poole Coundl)
On 17 July 2020, a new agreement was entered into between Bournemouth, Christchurch and Poole Council
IBCPI and The Regent (Christchurch) Limited. Under this agreement the Company occupied the premises
known as the Regent Centre free of charge for use as an arts and cultural centre and public building.
Under the agreement the companv".
l. Is responsible for the general running costs of the building excludin8 those which are the responsibility of
the BCP
2. Is obliged to pay VAT on the notional rent chargeable by 8CP.
3. Is obliged to pay annual lease rent of £3,575.
4. States that the notional rent (exclusive of VATI is:
£35.500 for years 1- 5
£72.108 for years 6- 10
£83.595 for years 11- IS
£96,916 for years 16- 25
For the avoldance of doubt the above sums include the lease rent of £3.575.
Under the agreement BCP:
l. Is responsible for the maintenance of the property and its fixtures and fittings and for the Insurance of the
buildin8 and those fixtures and fittings which are owned by 8CP.
-39-

THE REGENT (CHR15fcHURCH) UMITED
NOTES TO THE FINANCIAL STATEMEpirs {coKnNUED)
FOR THE YEAR ENDED 31 MARCH 2024
28 Cash genernted from operatlons
2024
2023
Surplus for the year
38.616
96,027
Adjustments for:
Loss on disposal of tangible fixed assets
Depreciation and impairment of tangible fixed assets
3.309
100,299
95.159
Movements in working capital-
Decrease in stocks
(Increaselldecrease in debtors
Increaselldecrease} in creditors
Increase in deferred income
1.602
119,096)
14,659
72,977
2,182
67,239
(9,5261
26.438
Cash generated from operatlons
212.366
277.519