Company Nuinbei. 04941112 THE ASHTON GROUP THEATRr. (A con)pany limited by guarantee) ANNUAL RLPORT And FINANCIAL S'I'ATEMENTS FOII I'IIE YEAR END>;D MARCH 312024 Chfirity Nunibei.: l J03877
THI ASIITON CROUP THEA'fRE (A coi)IP(Iiiy li1lled by gliaraiilee) ANNUAL RkPOIIT AND I,-INANCIAL SI'A'I'LMENTS FOR TIII YEAR ENDED MARCH 312025 Coiitenls Page Rcfei'eiicL and adminislralive information Repoi't of th¢ Board Staleiiient of Fii)ancial Activities Balaii¢¢ Sheet Notes foi'niiiig pai'l of the finai)cial slateinenls 13 Accouiilanls. Report 20
TIIE ASHTON CROUP THLATRE Refei'enie iilld Adiiiiiii%tJ'ativt Infoi-mAtion Charity Naine: Jlie Asliloii Group Theatre Cliarity NLiinber'. 1103877 Coinp(Iiiy Niimbcr: 04941112 Regislei'ed office and op¢ratioiial addi'ess: 1 51 Floor. Tl)e Cooke's Siudi05, 104 Abbey Road Bai'i'ow in Fumes& Cuinbria, LA14 5QR Boai'd Menibei's al dat¢ of approval of tl)is report.. Colin V8ughAn Aldred Doreei) Floyd Jaiiice Beiisoii Hayley l.ouisc Preston Jacqueliiic Ai)ii Dtake Michael Hudsoi) Company Seci'¢iary: Rachcl Ashton Charity Coii'espondence,. Rachel Aslilon Arli51ic Director: Rachcl Ashton Ilcporliii8 Accountants.. Ad Valorem North Liiniled Second Floor. Ranisdeii 14oiise 121 123 Diike Street Bai'row-in-I"uriiess Cuii)briR LA14 IXA Bankeis.. Co-operative Bank PO Box 250 Delf House Soiithway Skelniersdale WN8 6wr www.theati'efactoi' .or
THf. ASHTON GROUP'I"HEATRE Piige 2 111,:POR'f OF THE BOARD roil i"IlE YEAR EI NDF,D MAIICFI 312025 'I'lie Boai'cl of tjireclors is pleased to presL'nl ils Annual Rcport and unaiidited financial stalemcnls foi. the yeai- ciided Marcli 312025. s'riiuci'uRE, GOVLRNANCL AND MANAGLMF.N'r Gov¢i'iiinE DociiinLJIt The Ashioi7 CJl'OilP I'healre is a charitable conipany liiniled by guarantee, incorpoi'aled on October 22 2003 and I'egistei'ed as a charity on May 212004. The Charilablc Coi)Ipany lay doniiaiil ui)lil April 12005. 11 W<28 iiicol'poratcd iviih i'eference lo a Meinorandiim of Associalioii, which eslablished the objects and powei's of Ilie Cliai'ilable Coinpany and is govei'ned under 115 Arlicles of Associalioii. In tlie event of tlie Charitable Company beiiig woiiiid LIP Ihe Ineinbers are required to coi)Iribule an aiiioiinl not exceedi11d) £1. Recl'iiitiiieiit Appointment of Bo•J'd Membei's 'lThe Dii'eeloi's of the Coinpai)y 8re a150 11)e Chai'ily "frusices for the purposes of charity law and uiidei. Ihe Coimpaiiy's ai'licles are known as Mei)Ibers of the Boai'd (or Board of M1( nagetneiit). Iliidcr seclioi) 34 of 11)c Ai'licles the Board al'e deemed lo have beeii appointed for a terin of Iliree y¢llrs. "ri)is period niay be exleiidcd by a furtliei. appointment to a sccond lorin of again three years. However, following six years of ,8ervice Boar(l Memb¢is rnusl sland down for a period of al leasl oiie year. Upon the expiiy of11)is one-yc8r the 5ix-yeai' cy¢lc may begin once mo. The Boai'd seeks to eiisure that the needs of Ihe Cl)arilable Compaiiy's useis ai)d beneficiaries are ppi'opi'ialelj, I'ctlecled Ihroiigh the diversity of people elected as BoArd Members. ]¢ Boai'd Ii'ies to piovide a broad Inix of skil Is ainoiigsl Ilie Board Meiiibers As a groLlP. Pix)speclive Board Meiiibcrs are ¢ncoiiraged lo aiicnd eveii15 and fainiliarise thei)Iselve5 Iviili Ilic Charilable Coinpaiiy's aclivities aiid ihe ¢oi)texl within wliicli il opei'ales. Objectives AIid Activities Tl)e Cliarilable Company's objects aiid principal aclivilies are to proi1)ol¢, Inainlain, improve aiid advance cdiic¢i1ioi) of the piiblic in the art of(Ii'aina and Ihe otlier arts to eiicourage the deY¢lopmeiil of di7ma Il)roLigli draiiia produclioi)s aiid edLicalional woi'kshop progrllmiiies. Tlie maiii activities iii tlle Ejei'iod under review fociised on a Inixed programme of pei'forniance And pllrlicii)atoiy projects in drama and Iheatre writing with regeneration objectives. Tlie slralegies employcd to assist the Charilablc Compaiiy to iiieet these objectives included tlie followiiig.. Providing a I'aiige of services which reflect relevaiit quality 51andards aiid addi-ess Ilie ai'tislic policy of ci'eating work wliich ei)ler(aii)s 115 aiidiences aiid participan15 by giviiig voice lo a rRngFe of conlemporaiy experiei)ces rocusing on 11)e iiilrodLlCtion of ncw ideas and ways of workiiig Working) towards raising aiid maiiilaining audience and participation levels by respecting Ilie needs of these groiips Working ii) partnersliip with Ails Coiincil Englaiid North West
I'HE ASIITON GIIOUP TIIEATRK RLI POR'I. or'i'FIE BOARD foR'I"IIE Yr.AR &TrIDLD MARCH 312025 (eoiitinued) T]ie Asliloii Gi'oiip is a prodiiction lcd oi'ganisalion. Wc operate a year I'ound prograiiiine of weekly pi'ojecls whiel) al'e desigiied lo mirroi- conlemporaiy Il)eali'L 11)dusliy prdcliccs. Oui. weekly sessiot)s develop skills whilst beingr cssenlial Iy dboul Lrealii)g and prodiiciiig new work. We woi'k with pi'ofessional ai'lisl8 10 acl)ieve Iliis. OLII. prograinme and our base are both called TIieat Faclory. Oui. col'e values are: We Iiul Ihe yoiing people who Hre our participants al ilie l)earl of ihe creative process, Wc pi'odlice coiileniporary Iheaire that engages wilh ils aiidience by giving a plaiform lo iiew and illlcrestiiig voices fi'oii) sectoi's of Ihe coinmiiiiily whicli are ofteii overlooked. Oiii. woi'k is fociisse(l aroiiiid a cor¥ of projects includlng 2 age gradcd Yoiiili 'fheatres ai)d The Appi'enli¢ed Acloi's Toiii'ing Coiiipdlly ivliich 8ive5 yoiiiig p¢oi)le Nvork cxperieii¢e. MAI<ING STORIES, DEV£LOPING TALENT, IIUILDING CHANCE All oiii. piDjecls are fl'ee to participants and audieii¢e. aliholigh we often receive small audieiice donations. We al'e basLd iii the Cookc's Arts and Media Centre where we liave a fiilly equipped Iheali'e 5tiidio 81)cl I'ooii) to act, ii)Iprovise. makc Iliiiigs. move 8foLind, piippel, bang driiiiis, aniinc11e, pci'foi'i)i aiid filiii. We run oll kinds of projects.. Il)ealre (indoors. oiildoor5 aiid online). animalioii, writing. diTrilal and SOLllId. We ii)alie sloi'ies in collaboration witli ¢liildren. yoiing pcople fiiid Il)e occasional adiill. Tl)¢ii' ideas al'e at Ilie Iieart of everything we do. Oui. woi'k $18rts in the Coniiiiiinity, illoves up Ilirough Yoiitli Theatre Rnd 011 inlo pi'ofessioiial pi'aclice. A big parl of oiii. I'ole is 10 i)Iirliii'e emergin¥ lo¢al Arlisls. The Coinpany l)as assisted a growing nuinber of yoiing people to enter Ilie Creaiive Iiiduslries. We al'e inlere%led in how tlie Perfortniiig and Associated Aris cai) help pcople and commiiiiilies groiv sti'ongei., so we work closely iviih oilier organisalions ii) Bai'i'oiv whose woi'k shal'es siinilar aiins lo our5. We add our skills lo theirs to help oiir comiTlliI)ily lo Ilirive. Ii) short. we work with people to build I'esilience and ppiness for all.
'r14r ASIITON GROUP THEATRE Pxge 4 Rfi poiiI' of4 TIIE BOARD fiOII'I"IIE YEAR LNDTr'D MARCH 312025 (contiiiue(l) Oiii. Pi'ojeL't8 ill 2024-25 Youtli I"lielltt"e YoLiilI The<1tre is still lit the heart of what we do lliid is ciirrently SOO/D Neiiro Diverse. 'fwo groups I'un oil Tiiesdays aiid Tl)Lirsdays ai)d Il)is year Iliey pei'foi'nied Ihcii. sliow PulLhiiJop'k at 'l-liealre Factory foi. 2 1)ights iii Febriiai'y. I ilvii'o MAlcing Icai'en Lvai)s workcd with Barroivfull's artist Danielle Aspiiinll to deliver a 'inake do aiid iiicnd, project oil Bllri'ow Islaiid. Kai'¢ii also woi'ked with Madilie Humbersioiie to create a 'Toilc de Jouy, featuriiig culiui'al and liislorical scciics of Bai'i'ow. The design has been digilised in Bristol aiid will be pi'ii)led onlo orgaiii¢ ¢ottow) lo forin a series of bAI)iiei's tor tl)e IFI Festival and gift pieces for oiir partners iii Il)c coi))i)iunily. Kai'eii also led oiir Bliie Plaqiies project. woi'king li) Il)e coniiniiiiily and ediicalioii sectois, facilitating peoi)le lo create over 300 'aliernaiive blue plaoiies for Barrow. out ofscrap cardboard. Appi'eiitices T'lie Appi'cnlices pi.ograin1e lakes a group of yoiiiig irainee acloi's each year and givcs them industiy exi)erieiice pei'foi'ii)ii)g a iie¥v piece of work and Iliei) touring Il)rouglioiil the Noi'iliwcst. Tl)is yeai s pi'ojeLt, l/oice,s' of GLI17EI'alioii ZLd J, coinprised iiiiie shoi'l plays by tliree writers, Pliill Gi'egg, Tabby Laimb and Keviii Dyer, and toiired lo cib¥lil veniies. IiifliieiicL'rs Infl iiencei's are yoiing peoplL goi ng out iiito the ivider Lommiiiiily 10 assisl on OLII. projccls il) Prl1-11)ei'sh i p iviih oihei. oi'gaiiis¢ltioi)s. Tl) is projecl is nl l aboiil getting out iiilo Ilie coiiiiiiui)ily aii(I leai'iiii)b pi'odLiclioii ski Ils. Tl)is year the Infliiencei's paylicipated in Pride, Iiileri)aiional Women's Day aiid Q5. Gen Zed Artist5 Geii Zed Arlisls is a sclieine ivhich takes yoiing Artists and gives Iliein: niei)toring, includiiig advice on biisiiicss planning and making applications foi- fuiidin SP<1ce and finance to ci'eate their owii piece of work This year ive coi))Inissioiied Mall King (Wi'iter) and Kyra Scott (Theatre Maker/Perforiiiei') to prodlice iiew pieces of work.
TIIE ASHI'ON GROUP'I'HLI ATRC P*ge 5 Rfi PORT OF'I'HE IIOARD foR"fHC YEAR INDED MARCII 31202fj {LOlltinued) LG IIQ'I"+ Q5 was tlie fiftli of oiir Queci. Cabaret Evenings. open to all. Perf(bri))cd al Bai'mw Cei)Iral luibraiy, il was i) eveniiig? of niiisic aiid come(ly froiii local and iitilioiial pei'formers aiid iiicliided free food aiid a pay- wl)al-yOLI-like bar. Gil'ls Niglit Oiit We i)rodiic¢d 14 cabaret eveniiig of IlIs1c, drama aiid food for woimen of all ages in the town. iyith pci'foriners &iid audiciice beiiig woi)iei). "fhc iiiElit iiicluded Kyra Scoll's pei'foi'inance of her one iVOTnan show li is )vhl Ji is. To the besl of oiir knowledge. it was tlie first ever ivomen only event of its kind to be lield in the towi). This was an opportiinity for womeii to talk openly aboiil tlieir experiences and what they would lik¢ lo see changed. 'fhe sixty woinei) presenl talked abolit abuse, fat shainii)g, body iinage ai)d oiilrolling? I'elalioi)ships. 'I'he fcedback froni the eveiiing is foi'iniiig the basis of Ilyi'a Scolt'S coiiiniissioi)ed pl<1y on Nvoin¢n and mental lie1¢ lili, UJibn.i'iiiAi wliich will be parl of Ihc IFI Feslival iii Marcli 2026. TLI'R'ific TAI¢s Terrific Tales is #ii ongoing developmeiit project foi. Ilie IF! Festival performance of 67,000 Bai-l oiiiaii,Y Can'l be I,Yi-uiig. ei)¢oiiraging local people lo lell tlieir storie5 Irue ai)d mythic- aboiil Bai'row. Wc perfoi'ii)ed s¢i'ipt-in-l)aiid excei'pls ii.sinb pi'ofessional and local actors ai Tliealre Facloiry in Api'il 2024 aiid Marcl) 2025. IFI fiestivxl Developineiil for thc IF! festival has beeii 8 big part of this yeai.. willi Il)e liinelii)e and vei)ues in place. Sci'ipls hRve bccn conimissioiied and tecl)nicians contracted and the collecliiig of local stoi'ies foi- 67,QOQ Bcii'i'nviaiis Caii'l be Wi'ong is oiigoiiig. ¢Acts and Figiii'es During the ye8r we woi'ked with: Childreii and yoiiiig people betweeii the aoes of 7-30 living in Barrow-iii-Funiess, from the pi'iority ward.q- 1,575 LGBTQ+ yoiing people and Vlilnerable adults in Ilie Borough - 19 parlicipaiils and 60 audieiice Yoiiiig pcople and vulnerable adults strLiggliiig witli their mental Iieallh and well-being- 33. Yoling people ivitl) ad(liiional needs (Aiitislic Spectrum conditions) Young eiiici'giiiB ai'lisls fi'om Barrow- People of divei'se hei'itage aiid ciiltiire incliiding asyluin seekers- 284 Impoct llnd BenefieiAI'ie5 We aiiiicd.. to boost confidei)¢e to creRte a safe niirtiiring space where people can be l)appy aiid have fllii and fiiid Yespitc fi'oin Il)e sti'ains of life. to l)elp people lo find companionship and to be les5 lonely
'rHE ASHTON CROUP'I"HFATRL REI I>ORT OF THF BOARD IIOR T14E Yfi AR ENDF,D MARCII 312025 (coiitiiiued) )age 6 'rhis iy wllat peoi)le hve '1 feel fftl is a safe space lo think ciealively. to liave A laLigh. to cxpress Inyself." 'It 15 a safe spacc whei'e you can cxpress yoiirseifand feel safe lo sliarc your ideas." 'Il has helped me a lot witl) Imy confidence and coinn)ui)icaiion skills. A te4elier fi'oni Senioi. Loadership Al St Geoi'g¢'s Scliool i'eports (hat: 'Tl)e children caniiot slop lalking about the draiiia workshops. They re-en8cI them ii) Ilie playground evely day, We know fi'oii) this that the children are b¢nefi11ing from Ihc woi'kshops. We also know bccaiise Ilie attendance is coi)sislei)t. Sli )oi-liiia Peo le's Mei)lal Health Wo woi'ked with Children aiid Yoiiiig People fi'om Barroiv. Ihroiigli oiir Youth 'l'heali'cs l)eld oli l uesdRys and Tliiii'sdays foi. 7-25-y¢ar-olds, ai)d an after-s¢l)ool 'sal¢llit¢' Youili Tlieaii'e, Diciiiio oil Yniii. Dooi',slep, 011 Wednesday afternoons. Di'niiici on Yoiii. DooiJlep is nin from St G¢orge'5 C of L Primary Scl)ool foi. PLipi15 of St George's and Sacred Heart RC PrimAry. The needs are as follows: Our Yoiiih Tliealre is 500/0 neiiro diverse. We are specialisls in working wilh neiiro diversity aiid di'ama. Our yoiiiig people necd low stress api)roaches 111 siiiall groups wliere thei'e is Icss pi'e5suI'e. We li&ve developed ways of produciiig perfonnance tllal reduces learniiig pressuro lliid Irjaxiinises fiii) and creaiiviiy Ihi-oiigh iinpi'ovisnlioiial Ineiliods. Childi'eii ai St George's and S&Lred Heart, primaries in the arcas ofiiighest iieed, do iiot eiigjage with arts provi.8ioii iinless il is broLight lo Ili¢in. Iii Ilie wol'ds ofoiie of Ilie leachei's ive lalked lo, 'They al'c iiol often takeii off11)eii' own slreel.. Our Di'ftijia oil Yoiii. Dooi'JleJ? addresses Iliis. We liave also cslablislied a drama giroiip foi. adiills al risk of social isolation. Tlie &¥i'oup raiige8 iii agFe froin 26 10 82 and pi'ovides creative fui) and social iiileriiclion. Iii the giDup there ale iiidividiials willi Inobility issues, MS, braii) ii)jiiry aiid 3iilislic speclriiin conditiOll5. Sli oi'lin Youn Aitisls We commissioned two yoiing writers under oiir Gen Zed Artists scheme. The J)iost importanl thiiig for young ai1isls at the start ofiheir career is work. Kyrn Scott and Matt Kiiig al'e local, aiid Iliey are boil) wriliiig foi. tlie coinpany wliich gives then) an invaliiable first Ttein on iheir C.V. We Incnlored three oihei. young aitists. siipporliiig the developnient of tlieii. work and biisii)css We gave coiili-acliial perfori)iance ivork lo four young female artists as part of Gil'ls Nrghi Oiil. Agaiii, tlieii. needs are to be cmployed and lo develop their portfolios.
T14E ASIITON GROUP'riiri A'fRE Rfi POR'f oi 'i'FIL BOARD roil T14E YEAII ENDID MARCH 312025 {coiitinued) Ciiye Stii(ly Joe is 31 aiid a professional Inusician. He allcnded oiii. Yoliih lknealre froin Ihe age of l O. Joc his Iiad 5ig)iiiticaiit iiieiiial hcaltli pi'oblem& sincc ihe deatli of l)is best fi'icnd 5 years ago. He lias beeii uiiable lo siistain employmeiil or lo eiigage with his practice a5 a pi'ofes5ion&l Inusician. Encouraged by liis dad. Joe took iii) cycling and foiiiid the beEinniiigfj of a way back, bill l)is recovery was veiy lip ai)d (lown. Evenllially lic conta¢le(l Tjiealie Factoiy and ¢anie lo IAlk aboul an idea lie had l)ad foi. a pi'ojecl based 011 liis mental lieaiih jOLiriiey. Raclicl iiientored Joe over a period of months 10 write Ilie idca into a CDI)crelc foi'm and to ai)proAch Ai'ts Council Englaiid for fiinding to lielp prodiicc ihe piece. Theatrc Factoiy piit Joe iii toiich witli Comic Arts Festival, Kendal aiid slowly l)is coi)fideiice rellirned. Then Joe gjol an oiitdooi. job ii) Scotland. He was able lo lakc Ilie job and Éo tlii'ive ag>aiii. In Septeii)ber of 2024, 'fheatre Factory coimii)issioi)ed Joe to perform witl) liis band14obby Clul) at oiir QLieer Cabairt. It was the fii'st tinie Iliat Joe hds been able to perfoi'm to a liv¢ audience siiice Ihc death of his friei)d iii 2019. Joe's stoi'y is an e,xample ofi)ow oui. work fliiiclioiis ovei. a spai) of tiine, from laying foundalions at Youth Thcalre lo supporliiig nieiilal healtli and fiinctioiiality ii) adiililii)od. Hei'e is iyhat Joc says: 'Youtl) Theali'e was gr¢4t at giving Ine Ihe self-coi)fidciice to be crealive in a non-judgmental ei)vii'onii)ent. I had found in Ii'aditic)nal education settings my imaginalion and high enei'gy leve15 were i)ot appi'eciated. Ivhereas I foiind likeminded people who didi)'t iiecessarily fit iviihii) coiivetilional moulds of so¢iely, were allowe(I to flourish and expi'ess themselves in Inoie nalLiral ways. l also enjoyed bcing Ii'ealed Inore like ali adult when il canie lo reheai'sals and Ii'ealing Il)e work will) serioiisi)e5s aiid showiiigy levels of pi.ofessioiia1isi and discipline iieeded in Ilie cre81ive iiidiisliy. It heli)ed Iiie iiiiderstuiid wliai level of eng)agen)enl I iieeded Io Slicceed iii niy own crealivc work. Despile iiot pursuiiig acling fLlrtlici' I becai)ie miisiciaii, aiid I foiind I learnt a lot of IraTisferable ski115 Iliat help¢d mc develop Iiiy Cl'g4ft aiid skills ivhiGI) the seedling5 OF all those ideas ai)d disciplines look root whilc youiig. l also appreciated all the differ¢nl Ispecls of ci'calive profe5sioiials I've eiicoiiiiiered ai)d wanied to do that Inyself. As pi'evioiisly slated. it was an imporlai)I place for me to leai'ii liow to create and be allowed spacc lo bc creative despilc being l)yp¢ractive and probably quite annoying. I was still alloivcd and encoiiraged to ei)gage witli the groiip, I i)iade friends and loved my tinie 11)ere. I was diagnosed willi dyslexia niucli lalei. wliile at collcge and so realSy sli'iiggle<l at school, biii leIll Factory was a place wliere I fell I coiild Ilii'ive and 1101 jiisl be seeii as a lary nLiisai)ce becaiise Df Iiiy iiiidiagi)osed learniiig difficiilty. So, thank yoii Rachel and Phill for lelting me leaim aiid enjoy beii)g Inyself." Fiiiaii¢¢ Oui. fiindraising strategy continiies to be underpinned by applying for mulli-yeai. gi'ants )vlicrevei' i)05sible. This gives us cei'ldinly about tiie 511slainability of oiir projects goi1)2 forwai'd and allow5 breathing space betiwcen appli¢at10115 $0 that we can consider which fiiiideis are most likely to be a good nialch for oui. work. Our financial sti'ategy is ciii'rently focused on the IF! Festival. which compi'ises ten piece5 of ivork pIDdiiced over 12 monihs spannii)g 2025-26 ai)d 2026-27. Concern about fundraisin&F in thc tiiiie scale led lis lo delay Il)e IFI Fe51iv%11 by 6 ilioiiilis, whicli allowed us to build reserves. This is tlie Ira501i there is surli a large amoiint carried forward fi'om this year into 2025-26. Tlie first year of Ihe fcslival is iiow fiilly fiiiided and we ale woi'king lo ensiire thal funding 15 place foi. year 2.
'rHE ASlI'foN CROUP TklEATRE IIF.PORT Ob Tlll,: BOARD fiOR THE YF.AR ENDED MARCII 312025 (cuiitinue(J) I>Age S 14uiv lye vieiv thc rlistic iixlit i)f tlie ivoi-li I{111ce #iiil holy ivas this assessed ? Iniiuvatioii W¥ I'ecognise the iieed to conliniially bring ncw ideas an(1 infliieiices lo oui- work. 'fiii5 year we havc broiigl)l in a iiiinil)ei' of new artists lo work with boili i)ailicii)aiils And creativ¢ team aiid we conliniic I valLl¢ the woi-k of artists wlio Iiave woi'ked willi the ¢oJnpaiiy for a i)uinbei- of years. Au(IAeiice Audit Thi'oiighout Ilie year we have p¢rformed a Quality Audit witl) oiir public aiidiences. eineiit abilit OLir board conlii)Iie lo gpive the company good posilive siipport. Wh*t ivas tlie ublic beiiefjt Our audiences and participalioi) fl&tru5 have lield sleady for the last 5 ycurs.
THE ASHTON GROUI) THLA'fRE )xge 9 RLI'l)OIIT or i'HI BOARD fiOR'fHE YEI AR ENDED MARCH 312021 (eoiitinued) II [J'I'UIIL DLI Vli IA)PMENTS Thc fiilure sli'ategy is to eonli1711e to build lip free IEserves through planned operciting surpliises. 14owever the Boai'd is dware that it 15 iinlikely Ih<i1 ilic lui-giel range cai) be reaclied for al least two oi. Ihree ycai's. foi. Ihe shoi't tei'm 11)e Boai'd lias also had lo consider the exlei)I to whicl) exisliiig aciivilies aiid expenditure might liave to CLlt back in order to operate witliiii H 51naller ainouiit of available funds, RISII RivIfi W The Board has iii place a risk managemenl 51rdlegy, which coinprises: A quarterly I'evicw ai board meeliiigs of Ihe risks Ihe Cliarity may face. the e51abli5hment of systems aiid piocedures lo niiligale Il)e risks idciitified in the plai). and Ili¢ iini)lemeiilalioi) of procedui'e5 designed to i))iiiiinise any potential iiiipacl on ihe Cliai'ity should aiiy of those I'isks m1% lerialise The Board Meiiibers al'e pai'li¢Lilarly awarc of Ilie need lo bi'oaden the Cliarily's fuiidii)g base, aiid io Ihis cnd have comiiiissioned Good FLlI)di'aising lo review Ihe fiiiidraisii)g opei'alion. Tl)is sli'ale8y is inforiiied by the need foi. Ilie Charily to fLilfil ils fii)ai)¢ial obligalioi)s lo staff aiid coiit17clors. Tlie reserves policy applies and will be followed as necessary. (see previous page). RESPON.%IBILITIES or'riic BOARD IN RELATION TO THE FINANCIAL STATEMENTS Coiiipany law reqiiires Ihe Board Members lo prepare fiiiancial staleinei)Is IliAI give a Ii'iie and fail. view of Ilie slate of affairs of the Chai'ily at Ihe end of the finai)cial year ai)d of Ilie surplus oi. deficit for tl)c riiiancial y¢ai'. In doiiig so Ilie Boaid Menibers Are reqiiired 10: select siiilable accoiii)liiig policies and then apply tllcm consislenily Imake judg)eTMeiils and estiiiiates that are remsonable and pnidenl stale wliciliei. applicable accoiinliiig slaiidards have be¢ii followed, siibjecl to any material depai'liires disclosed and explained in the financial sllllcmeiils prepai'e Ilie financial statements 01) tl)e goin8 concern basis iiiiless it is appi'opriale to Pl'csunie th81 the Company is iiiiable 10 continue its aclivilies Tlie Boai'd Meinbers are respoiisible for keeping proper accountii)g records which disclose with reasonabl¢ acciii'acy at aiiy linie the financial position of the Cl)arity and which enable tliem to eiisiire that tlie finaiicial stateiiienls comply with the Coinpaiiies Act 1985. Tliey are also ie5poiisible foi. safcEiiarding the a55ets of Ihe Chni'ity and hence foi. taking I'easoiiable step5 for the piTvention and detcclioi) of fraud aiid oiliei. ii'regiilarities.
THE ASFITON GROUP THEATRE Page 10 REI PORT OF TIIE BOARD fiOR"I'HE YEAR Ef4DED MAIIC14 31202£ (eontinued) Ackiiowledgemcnls The Charity is grateful for ihe conlinued SLlPPOrt of its funders An Ilie period under review.. Arts Council England (North West) National l.ottery Know Your Neighbourhood Fund The Nalional Lottery Community Fund Sii. John Fisher foundation BAE Systems Westmorland and Fiirness Council Francis C Scott Trust The Hadfield Trust The Garfield Weston Foundation The David Snowden Ttwsl Cumbria Cominunity Foundation This repoi1 was approved by the Board o Date:. and signed on ils behalf by: Signature of the Cliaii. of Ihe Board
TFIL ASIITON GROUP TIII,:A'I'RE S'l'A'fLMENI' OF FINANCIAL AC'I'ivI'rY (Including Incnnie And xi)tiiJilure Aecoiiiit) FOR TIIL YLI AR ENDED IVIARCH 312025 PAgell Iliiresli'icled li uni15 Resti'icled ruiids 2024-202% 2024-2025 2024-202S 2023-2024 Nolrs INCOIMING RESOURC.ES lJicoiiiiii&¥ re.ii)iiree.sfioiii c,li(ii'ilfible iiciiviiie&.' Cil'kil)18 loivai'ds ai15 pfojLcIs Coiiti'ibiiliciii lo eqLiipni¢nl Wi)rkqhop5 lliid pei'li)mianccs 223173 110383 333556 264950 Siindiy Incoinc liiijesliiieiil iiicoiiie iiiirf iiileresl 2215 1129 TOTAL INCOMING RESOURCES 225388 110383 J3$771 266079 RE4 SOURCES LI XPENDTr.D cii.ll iJJgeiiei'(Iliii%Jiiii¢l.¥ Applyii)L) loi. fiii)diiig aiid L'ompliancc ¢0513 3568 5354 8922 591 Cliéii'iliible ncliviile.I PIDjecls, Iraiiiiiig and advice 1294111 10502() 234510 234034 Goiiei'iiiiiice eos15 Toliil ci)Jl aJ'uclii>ili¢s IX336 1471117 18.136 252846 28049 2()2U83 105029 I'OTAL RESOURCES EXPENDF.D 151385 110383 261768 270674 Nel illCOTllillR (oiilgoiiigs) resouj'ces l)cfoi'e ti'Aiisfei's GIDs5 11'4n8fLrs beiiveen fund8 74003 74003 -4595 Nll'r MOVEMENT IN FUNDS (iiet income foi. tlit yeai.) 74003 74003 -4595 RECONCILIATION 01¢ Truf4DS TotAI fun(Is byoiight foiTrvRI-d At April 12024 59438 64033 TOI'AI, I",UNDS AT 31 MARCII 2025 1334411 133441 594311 I'he sl#leiiienl of financial 8clivitics included all gain5 and losscs iii Ilie )ieai'. All incnming I'csoiirLe$ an(1 r¢5011rces expended derive from contiiiuing aclivilie5 TIIE i?nle on pages J3 lo J9foJ'iii pari ufihesefiiiancial sinleiiieiils
THE ASIII'ON GROUP TIIEATRE BALANCE SFIJ,:b.'I' AS AT MARCII 312025 PAge 12 2025 2024 Notes FIXED AS,si,:'rs TangJiblL a.8sels 10008 8403 CURREI NT ASSETS D¥l)luis Casl) al bank and in hand 4342 122956 127298 50306 54648 ciir.i)ITORS Amoiiiits fAlliiig (lu¢ in one yeRr 10 3865 3613 Net cui'rcnt Assets 123433 51035 NLIT ASSE'rs 13J441 59438 Ui)I'LslI'icl¢d funds 16 133441 59438 Re5tricled fiinds TOTAL fiUNDS 133441 59438 'riiLse finanLiiII sllltcincnls havL been prepared in accordan¢e iyiih Ihe srCIal pN)visions for sinall coinpanies under seclion 476 (1) ol the Compani¢5 Acl 2006. l.'or Ilie yeai. ended Murch 312025 the Coinpany ivas eniiiled lo exemption under se¢lion 477 ofihe Coinpai)ies Aci 2006 I'elaling lo sinall companics. Tlie Inembers have nol required the Coinpany lo obihin auilil in accordance iyiih seclion 476 ofihe Companies Act 2006. The dii'cclois acknoivedlge their reSnsIbility for coinplying iviih Ihe r¢quiremenls of the A¢1 iviih I'e5pecl lo accounting records and for the preparalion of accounts. I'hese aLcounls have been prepared in accordance iviih Ihe provisions appl]ble lo companies Slibjecl lo Ihe small coinpcinies regime. Appix)ved by the Board of Dire¢lors on . £-I,, l?£ Aiid signed on their behalf by: DIRF.C'I'OR Tlie noles onpages 13 10 19loriii pai'l ofihesefinancial slaleiiienls
TIIE ASH'I'ON GROUP I'HEATRE PRge 13 iYOI"ES FORMINC PAR'f OF TIIE I.-INANCIAL S'I'ATEMENTS Accoiinting ijolicies 'rhe principle aLcoiinling p(Ilicie¥ Hdoplcd iii the preratiOn of Il)e finai)¢i*il slalcinciils ai'c scl l)ui bcloiv. IIAsis of i)J'epAI'HtIOTI "rhc Iinaiiciiil %laleinci)ts l)av¢ IKcn piepc1r¢il undcr Ihc l)i%liii'iL¢il cost convei)lioii aiid iii aLLOI'LI?¢ 11ce ivitli thc I'e4LllltI)ienis ol. Ihe %iaiemcnl ()I' Recoii)IllLiid¢d Pi'llcticc. Ace()Iinling Iiiid Ilcporiiiig by Charilics Iihe Sl)111)), appliudble accouiiiiiig sl0ndals. lh¢ I IISSL 8iid th¥ Coiiipanics Act 2006, Iiieoine Yesoiirces Incoinc I'c50uI'ces iiiclude Brani.s Il)at rcprcsent unreslricled funds for gieneral purp05e5 bLII als<) i)I'oj¢¢l gi'ai)Is Ihai aTC rc5tri¢le(l in usc (see nole 2). IIicoine I'esour¢es #re I'ecnEI)iscd ivl)ere ihci'c 15 ¢nliilemenl, ccitaiiily ofrcccipl und Ihe ciiiioiiiII.% al'e qiiaiililiable. InLon)¢ ItSnLirccs al'e iiicluded .05, (Ihal is, b¢fo dlly dcdiicli()ii ofrelatcd Ll)818). Iiieiiiiiing I'¢snui'cLs ai'c someiiine delcrred. for examplc if fe&$ or project 8rnnls haiitt btteil I'CCLiI'ed in advaiiL¢ ol- liilui'c acLoiiiiting i)eriods or if the doiioiN anil gi'aiitois iinpose pi'e-iondili()n8 Ihal havc nvl yel been mel. Incoiniiig I'e%ourccs fiDm ivorkshops and performan¢¢5 are recognised as having been eai'ned in (he saine Ixi'iod &s ivlirii Ili¢ relulcd acliviiies ai'c pixivi(led (l.c. oii a receivablc basis). Iiivcstillcnl illLome is rccogiii%ed on a Ir(xiv?s ble b8SiS. Any iii111iigible income (¢.g, eompi'ising don8led 5CIYiLLS) is included in inconic al & valliaiioii vhiLh 18 an csliinllle ol'ilic fiiiaiityial cosi bornc by ihc doi)()r Iiul only ivl)ei'¢ %iicli a cosl is qiianliliuble and nieasurmble. No inwin¥ is reco81?is¢d when ihci'e is no finai)cial Losi boi'n by Ihe Iliii'(I pai1y. 1le50111.ces ¢%i)tiide(I All I'¢soiirces ¢.xpcnded are inclLided in Ihe %talunciil of PinDiiGi41 Aclivitics on yii Rccl'uals b<iSiS and arL li¥t¢(l under hcadings Ihal llggrcgaie all Ili¢ Liisls relaied to Ilia( IIClivi(y. Wl)ere costs canniii be dirccily allributcd thcy are allocalcd 10 aclivilies on & basis consislenl iyiil) th¢ ii%e of resoiirces. The cos13 Of generuling funds iiiclLide those cosl.s inciirrcil in applyiiig for fiindiiig aiid coinpliance costs. -l-he cosls of chlli'itablc aclivitiC5 include IEsoui'c¢5 expended 01) perfomancc5 uiid piojccl5, loui'ing, cdiication and oiiti'cach work. (ioycrnance costs include those costs incurred in connection iviih Ihe maiiagcment of Ihe Charily. Relieai'5al 10s1s. preparatory ci)sts and pi'odiiclion LQS(s arc rcoo8ni%ed in Ilie ycai. in iipl)icl) thcy arise. Costs rclaliii&) lo produc(ions tlol opeiied yct are (ai'ried foriirai'd as curi'¢iit assels al Ihe ycar-end dale.
'I'FIE ASIITON C*ROUP TIIEA'I'IIL NOTE.8 liORMINC PART or THI;, FINANCIAL STAI'EMCNTS ALCUlllltiii£ i)olicies Icontinue(l) OiJerntii)g leases Ilenl£ils i)ayèiblc uii(ler ()pei'alii)g Icases arc cliai'geil lo thc Sialemei)l of i.inaiici#l ALlivilic& as incui'i'cd over Ilic tci'in of ilie lettsc. I'#ngil)l¢ fixed asset.s Taiigiblc fixed 4sscls are sli)ted al cost Ic55 dcpreciali()ii. D¢prL'cigili()n is provi111 al r#l¢s calclilaied to ivi'ile ()I'f Ilie cosl i)I'each assel lo u siiilablc residi11 value over ils Lxpccled LlSclul lifL, whityl) iii Ihe cllse ()f ai) iiein ()I'¢quipnieni is ¥51iinatc(l al lour ycai's. Iieiiis of cquipi))enl capi111 Iisl'd ivhcit Ilie piircliase i)riLe cxcccds £250 01. Ivliei'e oilittnyisc approi)riale. Fiiiid.% l)eld Iiy the Chai'ilable Lompany comprise ciilier.. lJiii'e5ti'ieteil %eiiei'xl funils - Ilicsc a liinds ivliich can be uscd in a¢LX)rdaiice ivil11 111¢ chi( I'ilal)Ic vbjccls <1111)e <liscrciion ol-llic 'l'ni.%iees. rJesigiixte(I fiin(Is - Ihese ui'¢ fiinds.%cI aside from liiiic lo liine by Ili¢'l ruslees out (Ir LiiireNlriclc(I geiiei'ul ILlI)ds Ioi. SP¥Lifi¢ puri)0ses or projtCl8. (Thcir are none ¢urYenily clesignaledl. Rcslricted fiisiils- these al'e fiii)ds Ih<ll ¢an onl), be iis¢d for particular rcslricled piirp()ses wiihii) th¢ obj¥c18 iTrfiliL Charily, ReslTiciion.% ai'ise ivlicii speLili¢d by Ihc d()ii()I' oi. Ivliei) liiiids al'e I'ai%ed for pariiLiilai' proje¢ls 4n(I rcstricied piii'p()ses. riii'iher explaiiiilions ofil)¢ nul(Ii'e and purposes of eucli fiiiid Jre ii)Lluded iii ihe i)ol¢s lo Il)c riiii)l)Lial 51rfilcnienls ivl)ere neees%uiy.
Tiif. AS14"1'ON GROUP TFIEATRE NQTEIS TO'fHE ACCOIINTS FOR THL YEAR ENDCI) MARCH 312025 P4Lie 15 Unresli'iclcd Fiiiid8 2024-2025 Reslriclcd 'rotal 'rolul 2 INCOfvIING RI,:SOIIRCCS 2U24-2025 2024-2025 202.3-2024 BAE,. %y81cnis ACE.. IILgJiilur fuTI(Ic(l uigunis4ltion gi?iil The Nulional L,oiiery Loii)n)Liiiily flind Al't GciiL l.ld Lost Shops1)iojeLI Fi'aii¢is C Scott I'I'UNI 'I'l)¢ l-lis dlielcl Ti'usi 811. Juhn I", ishci. Foundation Donalions Wi)i)ien's Coniinlinily Maiicis - Playcation Cuiiibi'iti Coinilliii)ity fi)uii(lalion David Snoivdon Tru81 'riic Giii'li¢l(I Wesion FL)unilKJiiOII Ri)sehill 'l'licali'e Weslmorltin(l &n(I l-,ui'nes% Council - Cvvid Re¢oY¢ry Nalinnal LoiiLI'y Ki)ow Yoiii. NeigihboLirhoo(l Fiind Bayiviiid F.nei'gy Coinn)unily'l"riisl Wesliiioi'laiid and Fumcss Council - Naliunal Poiifolio National Lollei'y Aivard% foi. All Bai'i'ow BID Gi'aiil I'hc Old Fleeli'ic Sp#Le Rei)tal 9176 9176 J48790 148790 149290 50351 50 51x62 15nOO 3000 15000 3000 15000 J43 15000 343 15000 771) 500 750 5000 5000 5000 25000 200 22500 1()795 19795 17250 50011 10000 ioouu 10 i oouo ioooo 800 800 1540 1540 580 Tolhl incoJniiiK I'esoiii'ccs 223173 110383 333556 264950 J cos'i. or GENCRA'fiNG fuNDS (il'OSS Pliy - Stilai'i¢s and ivages Socidl Seciirily Lo¥ls Einplo)'¢es pensioii Ilei)t Cliai'ity business rates and ivaler I'Jl¢s Liglil aiid hcat 2719 188 100 334 -18 69 4079 282 6798 470 251 835 .45 173 6557 390 134 738 30 120 501 -27 104 F 1111 Insuranccs IIcpkli¥.S and nigii)lenance Telep5ion¥ and coiiimiiniLalinns Pi'iiilingy, slalioiiery aiid tx>stagc ()Ifice expenses Bank chargcs DcpiY¢ialion 44 37 12 iio 92 30 28 13 143 225 25 29 55 18 17 67 100 167 140 'rotal CDSt of GenerAting l¢iiiiils 3568 5354 8922 8591
'riii:, ASHI'ON GROUP I'IIIATRE NOT£IS"I'O TFII ACCOUN'I'S FOR I'HF. YCAR ENDED MARC11312025 PAge 16 4 CIIARI'I'AIJLf. AC."fiviTlllS DIRECT cos'i"s AiJ.(J( AJi,'i) SUPPOII'I. GOVERNANCE COSTS COSTS Al.l.(X.A71:1) IYIAI.-IIIJIJIL% y¥)AC'IIVITII:: 'rotAI 2024-2025 Tolal 2U23-2024 Gr().88 P<iy -,8aliirie% ?Iiiil ivages %oL'iiil SLciirily LO.415 F,IiiployeLs l)Liisioii l ees pu)iable Piodii¢lion Losls AceoininD(l¢iliot) uii tour Ti'uvcl ai)(l %iibsislcn¢¥ l 01)7XI) 7591 4U56 53261 4542 5242 8931 12916 893 477 6458 447 239 129163 8931 4772 53261 4.542 5242 8931 1511 15871 -853 3292 2079 1752 1245117 7425 2547 60923 6272 ()D41 1152 141133 Rciit Cliai'ily l)usii)eis Trile5 and ivater l.ig]i11¢ n(1 heul Insuraiiucs Repaiis an£1 Inoinlcnance 13490 -725 2798 17()7 1489 474 444 2021 1587 -85 329 208 175 56 52 24 71)4 -43 165 2274 2729 42()9 475 554 1133 ¥8 28 26 12 Pi'ii)liiig, sialii)iittry and Ix)stO8C Office eNpLIISCS Baiik c1111 I'ge.s Dcpi'LCll< livii Aiiiiual Rcpoi'l riling lee% Leglil fccs 522 244 2693 317 158 747 3168 747 2()59 747 9113 9113 19140 lal¥ lo Sialenienl vf Aclivilies 2175(11 161)49 183.36 252846 2()2083 5 NET l0vIl MENT IN FUNDS Net iiioveiiieiil iiiffiiiiils is sliileiliifler cliaryiiig.. Rrpoi'lii)g 1¢ eL()111)lanl%' reniLin¢r81ini): Aiiniial I'epoi'l ic ncl book-keei)iiig fce5 Ii)coiporalii)n and dvice DLpreLiaiion of fixe(l usscls Op¢i'aliiig lease I'c171als Niinibei. ot Ti'iiylee.% I'eiiiiburse(I Dii'¢iloi's' reinuiierdlion an(1 ii'usl¢¢s' e.Ipenses 2024-2025 2023-2024 747 747 3335 16705 2799 14771
I'Hll ASHTON GROUP TFIF.A'fRr. NOI'EI S TO'THE ACCOUNTS FOII'I'HE YEAR ENDED iIIARCH 31202S PAge 17 6 s'fAfF COS'I'S AND NUMJICRS 2024-2025 2023-2024 (tl()55 sulai'ic% 81)ciiil scciirily L(i.%ls 135962 9400 131145 7816 145362 138961 -l-lie Rvcnige weekly nuinl)¥r ofslafl. ii)cluding S¥Lon(l¢es cliii'ing ilie pei'iod ¢al¢iilale(l on the basis of fLIII.(iiii¥ eqiiival¢n15 iya%'.- Direcl cliai'ilabl¢ aiid supp011 l undriiisiiig 4)nd publiLily Manllgemcnl aiid udniinislralio 0.35 0.3.5 N() einploycc or 5ec()n(lec rcccived einoliii)ieiils ofmor¢ £60000. 7 TANGIHI.c f+lXED ASSETS PlJeLl office equipiiient I'olAI C051: . As al April 12024 Addilioi)s Di8posals As al Mtirch 312025 38391 4940 38391 4940 43331 43331 Dei)t'ecixtion', A% al April 12024 Cl)ar¥¥ loi. tlic Jicar ispasals As at March 312025 29988 29988 333.% 33323 33323 Net Book VAIIie', AS al Muirli 312025 10008 10008 Nel Bocjk l.aliie.- èl,F ai fvlai'c17 312024 8403 8403 Fiiniilurc aiid otlice eqiiipincnl d office equiijnient Tlie net bix)k valuc at MarL'h 2025 represenls sscls for.. Shared actiiiili¢s 10008 10008 8 CAPITAL COMMI'fMEN'fs AND CON'fip4GENT I.IABILITIKS 'ri)ei'e ivcre no capilal ¢oinn)ilmenls al the balance 5hcel dalc nor an), c()nlingenl liabililies
THE ASIII'ON GIIOUP TTrILA'fRE NO'fES TO 'I'klC ACCOUNTS I.'OK TFIE VEAR ENDED MARCH 31202fj Page 18 Marth MJILII 2024 Total 9 Dli B'foRS I'iJt*l Ji'lliils and ILLS rcL'eivabl¢ Pi'epayinciils ai)d uLLI'iicd l)()x ()fticc inL¢)mc 4342 4.342 'I'olAI Debtoi 4342 10 CRfDITORS AinoiiIits falliiig diie ivitl)iii oiie year: I'cdiior.% Social secLlI'ily aiid ()Ilici' laxe8 ALci'iial.s Delei'i'Ld Incon) 2867 998 2615 91)% Total Ci't(liloi's 386.$ 3613 I I CONSTITU'fioN The Coiiipany 18 liiiiited by giiHniiilce and ducs nol have a share capilal. lft Ihc evenl of Ilie Coi)Ipany bcing ivi)Iiiid up Ili¢ Inen)b¥i's ai'c cnn)Iiiiiicd io cvnlribiiiin&i £ l eaLII. 12 TRANSACTIONS IVII'TrI DIREC'foRS Tl)ci'c al'e no Ii'ansaction iyiih l)ii'ccioJs ivhicli I'eqLliI'e lo disclosed iindcr ihL' FRSSF. 13 TAXAI'ION 1'h6 Coinpany is a Irgislcred Ll)ai'ily and 1% ¥nliiled lo claim aiiiiiial exeinplion froii) IJK corpoi'alion lax. 14 OPEI RATING LCASE COMMITMENTS Ai lh¢ balance.8heet d&te the Coinpany had ilie follo¥ving aiiiiiial cominilineiits on leas¢s &Npii'ing.' 2025 Lxn(I 2025 Otlier 2024 Land 2n24 Oth¢r Wiiliiii l%vo und fivc ycars Ilcyond fivL ycars 16705 14771
'r14L ASII'I'ON GROUI) TFIIA'fRL NOTbS TO TI4b ACCOUN'I'S foR'I'HE YEAR ENDED MARCII 312025 19 15 Sl'A'fEMf.N'l' or riUNDS B*lance Ai)r-24 Incoming Resources Oiil%oing Resoiii-rts Ti'Aiisfers bchveeii l."iiii(Is B#l•ince Ma)'.25 CJei)eral liiiids 51)4311 59438 225388 2251x8 (1513851 (151385) 133441 13J441 Rcs11'icled fiinds I'i'ujccl gi'<)iils ai)Il project Losls 110383 I ID383 (110383) (110383 59438 335771 {262218 133441 16 Aiithly5is of ntt Assets betivecii fun(Is riind balanLe% 8L Marcli 312025 ai'c I'epre%enled by RcslriLled Uiiitsli'icled fiii)ds fiinds .1 &iigible fix¢d 8ssel% Ciii'i'eiil asset% ioou 127298 10008 127298 (3613 133441 133441
ACCOUNTANT'S REI)ORT.S TO THF. MEMR3ERS ON THE UIYAUDITII D FINANCIAL STATEMLI NTS Oll, THE ASHTON GROUP THE¢ ATIIE FOR THE YCAR ENDED MARCH 312025 Pnge 20 We repoit on the fiii<incial slateineiits for the year ended Mai'cli 312025 set oiil on pages I I to 12. Resi)eetive i'espoiisibililies of Dii'¢ctOl'5 a))d Repoi'ling AccoiintAiil$ "riiL Coinpaiiy's Boai'd is respoiisiblL for 11)e preparalion of (he financial slaleineiils aiid Ih¢y Coiisider thal Ilie coinpany is ex¢mpl fi-oii) ali audit. li is our respoiisibilily to carry oiit procedures desigiied to ci)c1bl¢ us to I'eport oui. opiiiion. Basis of opiiilon Oiii. woi'k was coiidLic¢ed iii accordaiice with Il)e Sialeinent of Slaiidards foi. Repoi1inLF AccouiilBI)ts aiid so our pi'ocedures consisted of comparing Ihe financial staleineiits willi Ilie accouiiling re¢oi'ds Icei)I by the Coi)Iiiiitlee and makiiigi such limile(l ei)qiiiries of the officers of tlie Associalion as we Loiisideird i)ccessaiy foi. the PLII'P05e5 of this I'eport. These procedLlIES provide 01)Iy the assiii'ai)ce expirsscd in our opinioii. In OLII. opini011 (a) the financi<l1 slateinenls al'e in agreemeiil iviili the accounting records kept by the Cl)ai'ity under Section 3116 of Ilie Coinpanies Act 2006. (b) liaviiig Itgard oilly to. and on Il)e basis of. the inforniatioii conlaiiied iii those accountiiig recoi'ds (l) tl)c fiiicincial slatenieiits have been di2iYii LIP in a Inanner coiisislent willi tl)e accouiiting i'eqLllI'cinenls specified iii Seclion 393 ofilie Act; (li) the Cliai'ity satisfied the coiidilioiis for exeiiiption froin an audit of Ihe fii)aiicilll slalenients for the yeai. specifie(l ii) Seclion 477(2) of11)e Act and Ilid not, al aiiy tiine within that year, fall within any of the categories of comp<111ies not eiititled to the excmplion spccified in Section 276(1). Ad Valorem Norili Secoiid Flooi., Rainsden House 121- 123 Duke street L4ai'ioiv-in-Fiii'ness CLiinbri LA14 IXA D<11e: