C<xnpany regtytrtit￿1 nlrftb￿ 05234333
Ch¥ty re9*traIK￿ ftLKnbcr. 11 C6051
Frome Memorial Theatre Trust
cc#npany knrt•d by 9￿an1••)
Anftual Rwrt Finanu•l St*iwn•nts
Ihe Yew End•d 29 F•bruwy 2024

Frome Memorial Theatre Tntst
Cont•nts
R•f•r•nc• A{knin￿tr￿ITrrn Det•ilJ
Strategic Report
TnMttts' Rekxy1
3to6
InOewMJenl ExwnirKf• R¢pJrt
Slknn•nt of ActNib
8•knc• Sh••t
St￿•￿ne￿ of Cash Fkth?
10
11to20

From• M•morial Th￿tre Trust
Reference and Administrative D•tails
Charity R•gistrthn Numb•r 11 CO051
C¢)mp•ny R•gistralion Numb•r 05234333
The chjrtri is inwrFmted in Ewl•TrJ & W41•s.
Mernorwl Thatr•
Christchurch Street West
From•
Somer
8A11 1EB
Ind¢p¢nd¢nt examlntr
Mr C Weare
7a Kmg Str•
Frcme
Scynorset
BA1118H
Pag• 1

Fromg Memorial Theatre Trust
Strategic Report for the Year Endgd 29 F•bruary 2024
The tru3t••s. vtho w• dir•ctry3 for the purposes of Ciynpary I￿. present their straiegi¢ repm f¢Y I
year eThled 29 Febfu•ry 2024. ift WTih $414C C+Jnp•niN kt 21x6.
Fin•nGi•l r•vi•w
The Trustees thvays endoavour to hDhJ a r•S*T￿ lurKI bLrt. gNen that the cfgan1satl￿ is run entirety
by volunteers and rehes on sett- fur#JrMJ Ihrough donaticM)s and lur)d raiwg. th15 ts ollen
drlfTrcuft to xhieve. H¢y*￿Ver. the Trusloe¥ have hx&•d io hohj 4 Gxh conbng•ncy in case cl
unfrx•s••n wn•rg•ry •xp•nditur•. Th• charty rdies on gwrwated i￿xf* friyn shm
hirw*gs to meet rts nKymal CWimrtmeAts.
The strait¥¢ iewt VAS wwov•d by th• lJu•l••s af th• G￿rty ￿ 4 S•pt•mb•r 2024 and swjned
i¢¥ behalf ty
B O'connc
Tfusiee
P•Je 2

Frome Memorlal Theatre Trust
Trust•e$' Report
The t￿￿t•￿. who dYector5 for the purpow of Cwipany W. present amud report low￿r
wth the finanGwl statwnwti •udrtrys' r•wl cl th• chwrtth ctynpwry f(x the year ended 29
Febfuary 2024.
Obi•GtiV•s and 4Gtiviti•s
Oty•cts and aims
Th• obJ'•cbv•5 ft>r vknich th• Frorne hlernorial Theatre Trust utablished irKILpJè retaining
res￿￿1bdfy fo( Ihe $￿cessful mainlcnance ar￿ ruming of lh• Mornorial Tratre and the ?di8cent
Ass•mbty Rcoms ¥Mth ts car parking fxlitieg in order to vovxle these facikl*S to lh• f•￿￿tI
Frtyne Iho suffwndiw areas Ihe use by arKI lor th pWf(ymir￿ wts.
ObJKflv•s, strnt•gi•S •nd •divi¢i
Our ¥isK>n IJ that Fr(The Id￿n0nd Theatre be recOgn￿e￿ as the wtwt•inrn•nt vwu•
rcAs the SoulhwesL Our am is for I to d•v•lop rrto a sUStsr￿b1e iP*8tre coMp￿X Ihat is fit for
Jrpw and future*roofed. arKI maintavhryd by a tuu Gcynplwnwt of staff, majorty
which •r• vO￿rbt•ff1.
n's purpJ5e is to provid• •nlertainm•nt 4rbd mu#rfunclx)n•l ￿1￿￿¢9 ihe k¢al and w
COMMUnrt￿ in a venue vthich is a¢¢es5ibJe io alL
We continue lo maintain our ded￿te￿￿ of ar0￿d 200 volunt•ws io Dp•r•t• our v•nLXS,
frcxn th• box offK•. 51**4rds. kiosk, mwtenw￿t arKI 8$3emtty roc*n boc&in9 te&
T￿ aim is to contirbually upgrade wd maintain the Theatfe ￿1[a5￿uc1urn. qrwblir¥J us attract h¥h
piofile ￿lj hi9h qualily 4lt Ihe swne lrnc rcmainirvJ financi￿ sustain•bl•: achiwiry a posr<rve
Gathficy￿ ••Eh wr irKI conttnumg to mairQain a r•A•rve of at leasl £35.000.
TO k••p th• Th•*• bcth cornphant and sate we are in the yocess ol Skxr#Jm9 f.76.995 M the above
sta9e stfLthire of Theotre artd inlemal *t)rkJngs of the stage. rlcludng steeknrjrk. hemp ws.
pulleyj •nd •lectru. A totsl of £50,7C6 ty in¢lude(l in these fesulis ￿•th Iho remaming £26.289
prqected lor 2024Q5.
the ￿ar W¢Jer remew the Theaire PLrt on a fum y••r ol p•rlormanc•s fuffilled all our
ontrxlual oblvJ￿n* in lh• Ass•mbty Roorns. In total ther• 46 shm wilh (w 16.600 ￿ck015
For Ihe 2023r24 ffiancial year É516.643 a n•t •xc•ss of incom• over expendrture
of £38.14Jf. This has the Trust a healthy ush Wsiion c4 £135.375 arKI loial res•n¢•s of
£174.484.
The The*ré's centerylry * on 20 Septejnber 2024 and, lo mvk iha. Ih•r• wiu b• • *'ng of • r￿￿
¢ommemoialJNt tsl￿e p￿que alcmgsKlc Ihc orwaff￿1 Ic￿r￿a￿li)n St*￿• tO9eiher with a fuiictKvi to
celèbratè the 100 years it has be¢n in exutence tss wel as ccmmenong a ol events to c•l•brat•
Iho Theatre and It's onwng plx• in th• fabfic of ILxal ￿e.
FurKlinq for the Trust is dfiv•n by incomé fr(xn event$ w ticket sales. bw and kKJsk salcs and rent
Iccei¥*d firjn Ilio hiro ol bolh the Ihe*e iho Ass•mbty Rooms. In •dditiDn to this th• Tntst
recoi¥*d over £21.246 ffl donatit)ns tcAvards the rumiry and upkeep of the complex.
Pw•3

Frome Memorial Theatre Trust
Trustees. Report
Frcffi• Memori￿ Th••tr• Trust ccxnprises the Frcwne Mem￿￿ The￿e Ihe A￿ernbty Rooms.
Frcm ihewe. the Trust prov￿¢$ ent•riair)mwt arKI • vamty of p•rf(yrning Xt* for publK
onJoymonL Th• A￿rntsty Rocyns provyJ• • v4id•-Trnging fxilty for SOG￿1 and theatrtrrelatad
lunctions. 8 blwmorxy ceF)tre. 8 r**arsal fa¢*ty a ¢4YnThK￿ lunc11￿ rc•rxn. The Amem
Rocfns we •150 hirod for prwale functsJns.
The trustses ¢(mfifm Ihai Ilw have c(Mnpl*d wth the rrfuirornonts of s￿l￿an 17 {* Iho c￿rI*S Ad
2011 to h•vo du• rwgard to the pubk benofit guidwK* publisP*d by the ChwTty c￿nm&*I￿
Ewl•nd •KI Wal
Trust••s olfrc•r*
The Irustees offws s•Nr¥J during the yw WKI since th¢ year end 4$ follm..
Truslees"
Mf H J Bafw. ChainT
MrsSLEkn
TGJSlew
*Rj￿p1¥y
MDMc4S
l B OThyY)or
RJLiMs
P Lin•s
Structur•. gov•manG• and minag•m•nt
Nalurn of gov•rning docum•nt
From• M•monil Th•4tr• Trusl is a rog￿l•r?￿ chanty and cornpany Iimrted by guarantee gc>vem•d by
Mejnorandum Art￿1*$ of ASsociW￿Jn arKI. as at t￿ Ba￿ce Sheet d&t•. h*d 8 members.
•nd •ppolnfrwii of trusfe
TfUSt••s ar• •l•ct•d by th• Mwnb•rs ol th• Trusi at lh• Annual Gw•Tal VA•tsng. ih•r• must b•
between S and 9 Irustees Vh￿ must all be members of the charitable ccthpany wh￿ recwf(ing ne
trvstees the Bc4rd considers •ny spec￿liSt skills no•d•d, conspjefing •ithor •xNtsng or of
T￿￿)￿ wh•n s••king FOl•nI￿ carvJTrd410S C£￿￿j fullil c¥iiain rokns.. Tlwy wwkl ihon bo
coosed. ¢￿ed and apr￿ed by the Man4￿nent c(*mrnitto•.
P&Je 4

Frome Memorial Theatre T￿￿t
Trustees. Report
Th• Bo•rd d Tru5t••s •tkninth th• ch•r*y. The trustees h•ve exwnirbed the majw strateg￿.
business and 9)era￿nal Iht ¢h•rrty afvj af• $￿'¥f*d Ityot sW•m¥ ar• in plx• to
Our volunl••fS
Th? Tnjst 1$ involv•d in th• kxal c(Ynrnunty wd re5&5 on voluntary hel) Besmges bclh the
profes$KJnal and ￿¢￿e￿$ and artists Ytho dffjplay thwr tab•n15 in th• Ih•atr•, ther• are
arty 200 ￿lunt￿r5 Ilssrit wth st•warding r¥ents arKI porfomiances VAlh the
ovefall nmrmng of the Trust arKI reduciry stgff costs io a mana9eab* leveL
The Trust extends its th￿kS to thè marhy vcaJntew3 WtK) help in the (Nerall runnity c4 the Vrfrnorwl
Theatre Assembly Rc￿m%. Many ol Ihew volunleBrs w• busy 'lxhind th• sc•nes" ar￿ their vKJrk
Can go un.notKed. 11 is a testamerf to IheK that Ihe Thea￿ ¢￿tInu￿ to b• s￿h
SLKc•sslul v•nu•.
Il•ior and maft•gwt of thox rfsks
Thé Trustees have a risk managejnent stf*e9y c(ffiKrys'
- an ￿nUal review of the pnwal r¢ks and charly Ixcs.
- the establ1s1￿nent of polKies, spt•ms •￿1 proc¢dLfH to mtsJ•te those risks identrf*d •fflnual
re¥￿, arvJ
- th• vnplem•nl*K>n ol proc•dures d•SbY￿ to minffni￿ or any F#xenli81 *7)pxt ¢)n Ihe
¢harty sh￿￿0 those r¢ks m•tewl*e.
*vrk UTrde￿en hgs id¢nlrf*d th•t fir￿￿¢)1 sustairvlbiltty is the m4¢x ￿￿k lof the
charty. In hght ot IhN ch*nty rogullrty r•vw4fd its, av•d•bl• hquTrd tundi and ￿￿k1 to ensure Ihat
there ty suffiwnl workmg cayal.
A of the non.ffflanC￿ fitsks Wismg fityn fie. health 4rKI salcty of both porfrnrd wirfts
l as th• man•q•m•nt ol p•rforming rights h•s been undertaken. TWe risk$ are mamged by
enluriry the charty has rotrAJSt pcocedures ￿ p*e iogethef regdhy Ir¥ining
gNcn. as neccssary. lo volunlc¢rs In Ihc var￿% operknn41 areas.
Siatement ol tru•le•s' responsibilities
Th• truslms {Vh￿ ¥• &so th• dir•ctors ol From• Memori81 Theatrn Tnjst for the purposes of
¢<mp8ny Iwl Jre responsible f¢y pre0￿1v4 the trusiees. fepc￿ and Ihe Iirwnckil slalcrncnts
accor￿¥￿0 with appkablo Unled Kngdcrfn Accountmg Standath IUnrl•d Kirvjdom
G•Mralty Accepted Accounting Practice) NKluding FRS 102 ￿h¢ Financ*1 Rw)rring Star¥Jard
appkable In UK and Republic ol Irelan¢r.
Cwipany k7w requires the tyusiees to Pfepafe financd sLltcments loi each finarKial yDar. Und
company I￿ the trystees must not 8Kirove the financial statements unless thty are sabsf*d thai
give a fai Y￿V of sts1te of affais ol the C￿rrtable company and of tho incoming
r•sourc•s arKI applicat￿￿ crf r•￿￿rc•s. InCk￿1n9 iti incom• and •XP•Th￿itUr•. of th• ch¥it&b
¢(ynpgny fi¥ IheA perK*l. In prep8ring these fmvtcial stOtvJnentS Ihe tru$tMs are require¢l to"
8•l•cl sutsbl• ￿c￿n(m9 policios •xJ apply th¢m con*lgnty.
observe riwhods orwj in tt*¢ Chartlies SORP.,
Pw5

Frome Memorial Theatro Trust
Tntstees. Report
rnake juO3wnwrtS WKI estinate¥ that are reasM*le and ptwJ¢ftL'
stal• 4Fyk4bl• •ccounbry ￿4ndards. comprrsing FRS 102 habr bem f¢)k*ttJ. Subject
to wy rnaterKql d¢p•1ures do¢k)sed and *xpl•n•d m th• fin•nGi•l sithrn•nts: and
pr¢piirc thc firwrKwl slatements th• goin9 corK•m ts￿.% unl•Js it li to pres￿•e
th•t lh• cPwntable c￿npanY will conlnue in bwness.
The trust￿ are for keeping prow XC¢untirg ie¢onts th•t dith• WTlh r••son•b
KLurxy at any time the fmwcial PDsthn ol the chant7*Jle c4ynpany and enab* lo ensufe trk
Ihe financ41 5tat•m•nts c(Thpty with th• Cc%np4ni•s Act 201%. They we also respwsitrJe for
safegl￿rd1rlg the assets of the charrfable wnpany and htri¢e fc¥ ￿11¥4 rc&%on*)kT steps lor th•
pr¢vcntKm and d¢)toctiM ol IraLKI arKI othw irr•gulanti•5.
Thg trusi••s w• r•spDnsibl• 14y th• rnaint•n4nc• and wrt•grty of tho corporate and fn•nu•l
rf(Xmatl￿ in¢kthd ¢)n chafiifA)k cornpany's *tbSlte. Leg￿laljOn gmrning th• pr•par•tiDn WKI
di1swnYthn ol f￿anC￿l stsl•m•nls may drff•r IT￿1 lur1sdth￿.
The qinnuol rewl apprD￿d by truste￿ ol th• thwity 4 S•pt•mb•r 2024 arKI sign•d ¢Jn tts
b•haff by..
Mr I IJ O'CMnor
Page 6

Fr¢)me Memorial Theatre T￿￿t
Ind•pend•nt Exam inerfs Report to the tntstees of Frome Memorial Theatro
Trust ('th• Compan￿}
I repJrt to the chwty truste￿ ￿ ry eXaMinatx￿ of the xcowts of the C(xnpany fly th• y•ar •rKJ•d
29 Fcbfuary 2024.
R•sponsibiliti•s and basis of r•port
As th• Ghlrty's tnJst••s d th• Compwy l•rKI also it* direclofs for purposes of ccmpany
afe responsible the preparatxy) of Il* a¢￿Unts m aGGofdarK• with th• r•quirwn•nts crf the
Compwies Act 20C£ (the 2WS Ac¢'}.
Haviw satisffftl rnyxm that Ihe ￿Unts ol the Cfmpany are rKrt rwuir•d to b• aU￿rted urbder Part
16 01 lh• 2C4J6 Ad and ar• •bJibi• for ind•p•nd•nt •UmMat￿, I repo1 in respecl of my examination
of YOLW chafity's accounts 83 Car￿d under sekn)n 145 of Ihe Charths Aci 2011 1'th• 2011 Act'i.
In carryin9 Oul my examinalK￿ I hav• lolN•d th• D1r•Gtw￿1 grv•n by Ch¥Tty Commi$sw)n uTrJer
l•ctx￿ 145(5Mb) ol th• 201 l Acl.
Indep¢ndtnt txamintrfs statement
sin￿ C(*npanYs gro￿ incom •xc••d•d £250.OW your ex￿In•r must ￿ a m•rber of a boty
list•d in soctK+n 145 of the 2011 Act I cMfim Ihal I ￿ qu4rfbed to undtrtske examinatK
because l am a member ￿ AFA MIPA. is ¢x• of th• I￿t•d t￿￿￿%.
I have cc*np￿ed my ex8m1natl￿. I confifm thai no rnatt•rt corm io my att•rrt￿ in Carv￿ti
wrlh th• •￿Mir￿1￿1 givir4 m• G•US• lo b•lith*:
1. •ccourrtirbg r•cords w•r• rbot k•pl in r•sp•cl of From• Memorffjl The*re TnMt as requwed by
Jection 386 of the 2(￿ Atr. <
3. th• accounts do not c¢>nply wrth tm accountrq requrements of section 3% of Ihe 2006 Act
other IW any requirweni ttwt #counts give a true and law 4thbGh A nc4 a rn
consid•r•d as part of an irKlepend•rrt examinat1￿.. or
4. Ihe &C￿r￿s havo not b••n prep4r•d m KcordwK• with th• methods WKI prffiwles of the
Stwemenl ol Rec<ffimende(I Prauice for xcountlw reF￿￿ll by charrt*s [aFvk4bl• to
charilics prcpamg IhcFr •ccounls in aCUfdanc• with th• F￿an￿1 R¢portiNJ Star￿d
applKabl• m the UK ar￿ RepublK ol Ir¢lwd (FRS 102)].
•rns and hav• com• •crog3 no (thr matters m conneC￿n with th• •XaminatX￿ to
n should b• drnwffl in tha r•port in uder lo •1￿ a prow V￿er￿t￿dm9 of ihe
reached.
ac
unts
AFA MIPA
7• King Str••t
Frcffi•
SC*n￿et
BA11 18H
4 September 2(r24
Pw•7

Frome Memorial Theatro Tnmt
Statement of Financial Activitie5 for the Year Ended 29 February 2024
(Including Income and Expendlture Account and Statement of Total
Recognised Gains and Losses)
Total
2024
Total
2023
IncoTh and Endowm•nts frnm:
29.667
533
488.443
29.667
$33
486.443
79.325
740
476.259
1.037
Charrt4bl• Kt[vrt￿%
Oth•r trxlirvJ actrvrt
Total Incun•
516.643
516.643
557.361
Exp¢ndttur¢ on:
Raisir¥J fLmds
Charrtabkn activit
(340.157)
(138.341)
1340.157)
138.341
(303,679)
{135.610
T¢tal Expendrture
Net inc
478.498
478.498
439.289
38.145
38,145
118.on
N•t movornort In funds
38.145
38.145
118.on
Re¢oncllatlon of funds
Total fur¥Js brought
Total furrfl• carr￿d torbvard
136.339
136.339
18.267
20
114.444
114484
136.339
All ty the charty's pxtrA*s derfy* Ircxn C(x￿￿ulrvj op•r•tK>ns dunng lh• PWKXts.
The fun¢JS bre&kd(y*n for 2023 N $hv*n in note 20.
Th• noifA on pw 1110 20 integrnl pwt af thma financi•l iLkn•nls.
PA9• 8

Frrme Memorial Theatre T￿￿t
{RegistratSon number. 05234333)
Balanc• Sheet as at 29 February 2024
2024
2023
N¢t•
Fixéd asvts
Inl8ngiW aqlets
Tangl￿e assets
13
14
712
27.519
73.9S3
73,963
28.231
Stocks
Debtc
Cash at bMk harKI
15
16
17
7.228
4.918
135.375
5.035
163.344
147.521
172 669
¢rediiof4: Amounts falllng dut wbthin on• y•ar
N•t CUfr•nt aBs•¢s
38.379
47.8201
109.142
124.849
Tot•1 as¥ets l¢s• curr¢nt liabiliti•¥
183.105
1 53.080
Creditovg: Amounts f•lling du¢ aft¢r mov¢ than ont year 19
8.621
16.741
174.484
136.339
Funds of th• Charity:
Unrestrlcled In¢om¢ lund•
174.484
136.339
Total funds
20
174484
136.339
For th• finar￿￿1 y•¥ •nding 29 F•br￿ry 2024 ttt• charty wai ertr<lad to exemption frMI audrt und
clwt 477 (rf the ¢￿panieS Act 2(X)6 rdWrn9 10 ￿*11 ¢(xi)pan•M.
Directw. rex)ons￿lI11WJ.'
Thc mcmbois have not fequiTvJ th• charrty io obtain ￿ wdit of rh xcourrtg the y in
qWx)n in ￿t￿dance WTfh seciion 476.. and
Tr* drtctors acknTrAWie thoir r•sP￿SIbilI(b•S comp￿.￿ *ith the rewirements of the Act vnlh
rttpect to XC¢Lmtiry recryds and the preF>aratitJ) of &c￿lI[S.
The fin¢irK4kl stslcmenls on P•llCS 8 10 20 approved by tho trustees, authcxised lor issue on
4 SWomb•f 2024 their bew ty.
The n￿e$ M pa9es 11 to 20 fwn w integial pwt d these statements.
Page 9

Frome Memorfal Theatre Trust
Statgmgnt of Cash Flows for the Year End•d 29 February 2024
2024
2023
Note
Cash Ilows from op¢r•ting Xtiviti
Net ca$h rtc#n•
38,145
118.072
Adjustments to ¢•sh I￿$ from non4uh iiw
Depre¢￿tH
AM¢)rti$at￿n
9.788
712
4.274
711
48.645
123.057
Worltlng c•pit•l •dJustm•nts
Incroase In stocks
IncroJse In debi+Js
15
16
18
(2.193)
{6281
(9 91?)
(3x1)
19.311
Net cash Ilrxs operatirY4
Cash flows from Investlng •ctlvlti•s
Purchas• of tangkn￿ fixed assets
3fa.912
139,099
14
(56.232)
(30,148)
Cash flow5 from financing activit
R•paymMt d loans arKI borr(ythng5
Nel I￿￿ta$¢￿in<l￿$e m ¢ash cash wur¥Ws
Cmh Gaih •qurvalmts ai 1 March
.649
6.620
(27.969)
163.344
102.331
81.013
Cash cash equrvdents at 29 February
135.375
163.3d4
The notes on pages 11 to 20 f¢)rm an ¥Keqral pan (I these stat•m•nts.
P￿10

Frome Memorial Theatre Trust
Notes to the Financial Statements for the Year Ended 29 February 2024
1 Ch•iity st•tus
Th• ch¥rity i¥ lirnrt•d by guar¥nt••. inccrpry•t•d in Engknd & Wth. •rKI C￿Seq￿nty do•s ncrt
have share c•prtal. Erth of th• trusteej is hJbl• to C(￿tr￿u￿ an amount rbot exceedrg £1 CKI l¢y*¥d$
lh¢ a￿1$ ol the char￿Y In the evmt ol14uKI*MX).
Th? addresq ol rts regtstered offu ' .
M•moNI Th•4ir•
Chwchurch Street Wesi
BA11 1EB
2 Accounting polici•s
Summary of significant accounting polici•s and k•y accountlng •stimat•s
The pfin¢oal x¢ountir*q pok*s applied in the prepornlKyi of Ihese finarK471 siatements we set 0
belrjw. Thom polic￿ have bom con$￿tenty appl*d lo al th• pr•s•nl•d. unl•s8
stat•d.
Statement ol ¢¢)mpllan¢•
Th• financ4Jl slat•m•nts hav• b••n pr•p•r•d in xcordwK• w*h Accounting WKI R•wtYig by
Charths" St￿emen1 of Recornm￿ded Prxtte 18ppIK*)le lo Ch)rrt￿ prepwrs thtyr •c¢ount$
aCcord￿CC wlh Ihc Financwl Rewxtirvj StwdJrd ¥pplK4iblc In Ihe UK Rcpubltc ol IrelarKI {FRS
102)) INiu•d in Octob•r 2019) - {Ch4rrtMs SORP {FRS 1021). th• Financial Rewting Standard
•ppkable in UK Republic of Ireknnd IFRS 102) Compwies Aa 20C6.
8asi% of prnparation
FrcKn• M•morid Th•4tr• Trust m••ts th• d•fmrUon of • publ￿ benefit ejitty undèf FRS 102. Assets
aThJ Iwtsilrtts are inrtially recc¥ntsed ai CO￿ (w If￿￿cl￿￿) va￿8 unb8$5 other*w s￿￿•d in
the relovwl xcounknng polw notes.
In¢om• and endowments
All incorne is r•cognised orK4 the chanty has •ntrtknné￿ to the inccme. il ts probat4e that Ihe
I be recertd *KI Ihe •nOLmt of the I￿orne It￿vab* Gan be measur•d relwbly.
Donabons and l•g•ci•s
tkywions we rwised when the chanty has beefi ncthd in of both th• *nount
*•ttl•M•￿ dai•. In th• •v•nt that a donati￿ is SUb￿Cl to conditTrMa that require a be￿ of
fiymance by the charty before the chanty ￿ entrtkd io the funds. tho In￿r￿ is d•f•rr•d and not
nised untd either those corkyrtions are fijlly mèt or the fuifilment of t￿1$e ¢(￿dit￿3 ts wholly
V•ithin ihe contrcq of the chanty WKI wobabk that the%e condlK)ns b• fulfilJ•d in th• rwrtw
p￿11

From• M•morial T￿atre Trust
Notes to the Financial Statements for th• Yur End•d 29 February 2024
Granls are fecognised Ihe ¢harty h•$ #n •ntitlvTWrt to lh• ftjndi •rKI ¥ry conditions linked to
tho gr￿t% hJv• t••n m•L p•rforrn4rbc• condrtiDns are *lached to the gwt ond we w io be
m•t. th• rKcxn• li r•copnii•d •• • knts'ity and in￿ded on the balartt sheet as deferr¢d IrwM to
be releas￿.
Exp•nditUf•
All exper*drtur• is recogni3￿ there ig J legal cw ¢￿strUCt￿¢ (*)Iy#K)n lo ihat exwMrtur•. i '
(*￿)Ie sett1trn￿I ￿ iequwed WKI Wn[￿nI b• m•asw•d rthbly. Al costs 4r• a*at•d to
tho appliGable experKlrturn he•￿ir￿9 that 4oJr•yl• iimilw costs to that category Whore cosh
b• dw•cty attributed lo pwltular he*dings Ihty have been alIc￿￿ed M 8 bo8* constyieni the
LAe of (esour¢es. wrth ¢*nlral siaff costs alltKatqd basH d tim• SF•nt, dwr•Gi•tbJn
C￿￿•$ all¢x•tad on th• pOrtTr￿ ol th• asset's uje. Other Swport costs we alkKaleAI based M tt
spKoad ol staff costs.
R•ising funds
Th¢se w¢ ¢OSts •) #lr•¢tin9 w)hJrbt•fy rt(xii¢. Ihe n)4n4ern¢n( ol ￿¥C*trn￿1• WKI I1￿0
IrKurred in Irading thal r•Ao IwKI¥.
c￿r￿•bI• •XP￿drtUr• Gornpnms ttKW Costs incurr•d by th• chanty m th• d•lv•ry xtivitM•
d servw for rts b￿)er￿￿$. ft includes both costs thai can be drf•xty to *ttvrt*s
Support costs
Support LO$t$ In￿de ¢éntral furttK#)S ¥MJ been 4kxated to Cost on 8 b&
¢￿51$1¢nt ￿1th the use of re%￿rceS, for expAnple allocjtinq property costs by lknr areas. ￿ per
it& slaff coth by th• tim• sp•nt and oth•r costs by tlw usag•.
Gov•manc• Gosts
Th•s• irKIL*a• th• attritxrtabl• to th• ch•rty• cornplianc• con¥litutiwl and slatu
r￿VIreMents. incjudiry wdrt. strate9¢ m•n•9tsn•nt and tru31e￿. meèM9S and re•nbUr￿d
Gov•mrn•nt grants
Govefr¥xent g￿nI$ a￿ recognised based Ihè accru81 modèl and are me83ured at the fair value af
tho 4s¥ot i¢coivod LX i￿e1Vable. Gfanl$ are Ch￿11td as rel*ty either to revenue Of lo assels.
Grnnts r•l&tmg to rw•nu• ar• r•ccgnrf•d in incom• OV•f lh• P•r￿ in whKh lh• r•lat•d costs ar•
re¢i>3ntsed. Gr￿t$ relating io assets are rectyjnised over the expected useful lrfe of th• •ss•t.
part ot a grnra r•latfftg ta an ass•1 * d•t•rr•d. r•cognMd as d￿¥t•d mc4XM.
Page 12

Frome Memorial Theatre T￿￿t
Notes to the Financial Statements for the Year Ended 29 February 2024
Taxation
Th• Gh•rty is consid•r•d to Pas5 tho t•5tJ set out in Paragraph 1 Schedule 6 of Finance Act 2010
•r#J therefore it meets Ihe d¢finrtKir) of a chaflt*le rLYnpany fry UK tax purposes.
Accordingly. li puienb•lly •xwnpt friyn taX•th￿ in respect crf inCWit or ¢aprtal gaiiis
received wiihin categories covered by Chapter 3 Pwt 11 of the CtxwratTrw T•x Ad 2010 or S•cl*Jn
256 01 Ihe TaxalKn of CharyJvabl• Gains AGt 1992, to the •xl•nt th* s￿h rwne Qf gam$ ¥e
•pp5bed exckjsivety to chwitable purposes.
Intanglblè asuts
Intangible asws are swerj In th• B*nc• 5h••t at co¥1 l•is •ccumul￿l
vnp•rm•nt. TW 4rn wKxtis•d cm a 8traTrght line their estmaled useful bvEs.
Amortisltion
AmonisatTrM is provided M Intarvj￿I• fix•d as5•15 to vff*• aff the cost. Igss estsnthd
rnsidual v•lu•. c14￿r their expeded u3efiA econwir 8$ lolktrrt..
Asset cla
Websrte costs
Amortis•tion m•thod and rnt•
33.3¥# stra4ht line
D•pr•ciation ind amortisati(
Deprec41t1￿ is provided on taryt)le fixed assets $0 as ID wnte off lh• cost or valu•t1c￿. l•ss wy
eslmaied re3KILwJ valLK. over thoir exwded LM•ful •conomi hfe as folim.
Ass•t class
FLKnrtur• equiwient
Oepr¢¢l•tlon m•thOd and rat•
21Vh on cc4l
Stock
Siock is yak￿ at ol cost and net mlisabl• v•lu•.
Fund strn¢turn
Unfestrbctod IrKome funds ar• gw•rd funds that ar• av*l•blè lor •t ts trU￿0t8, (1ffjcret
furth•ranc• of the ot4ects.ves of the charty.
Pag• 13

Frome Memorial Theatre Tnmt
Notes to the Financial Stattments for the Year Ended 29 Felxuary 2024
3 InGom• from donati￿ and l•gaGi•S
Unr••tr?¢t•d
Totsl
2024
Total
2023
Genernl
DDn•tsJns frcrn mdividu•ls
Granis. indudir¥ 913nt¥:
GO￿r￿ent grants
Gwt$ fr¢yn other Charrt
29.667
63.158
15.167
29.661
29.667
79.325
4 InGom• from Gharitabh •Gtivili•
Unrnstrlct•d
Total
funds
533
$33
Tolal for 2024
533
533
Total for 2023
740
740
S Incom• from oth•r trading activiti
Total
2024
Total
2023
G•n•r•l
Tr&Jing *icom•'.
Sales of 9ocxJs wvic•s
Event$ IrKiyr•".
8ar and kiosk sales
Theatre rent recerv*)l¢
351.419
351,419
338.671
74 209
60.815
74.209
60.815
73.244
486.443
486.443
476.259
P•ge 14

Fr¢)me Memorial Theatre Trust
Notes to the Financial Statements for tho Year Ended 29 February 2024
O Oth•r i￿Orn•
InckKled m th I￿rne ts £NIl (2023.. £1.037> receNed wth rc9arrl io an ￿jUr0￿Ce Gl•wn.
7 Expenditure on r•ising funds
•) ¢fAts of tr•dkng a¢tlvltl•s
fund5
Gentral
Total
funds
Not•
Costs of Sold
52.892
287.265
52.892
2B7,265
Total for 2024
340,157
340.157
Total for 2023
303.679
303.679
Total
costs
Exp•nditur• on Gharitabl• activiti•B
Unrestrictod
lunds
G•neral
Total
funds
Not¢
Support costs
130.995
6,091
130.995
6.091
Total for 2024
137.086
137,086
Total for 2023
134.068
134.C68
Totsl
•xp•ndltur•
In 8t*JilK)n to the expendtlurt above. th¢r¢ we ¥so govern1)n￿ costs of £6.091 12023 -
£5.557) whtli rolate dirocuy to charrfaNe ￿t￿t￿. See rLite 9 for Iwlnef (kit4ts.
Pw15

Frome Memorlal Theatre Trust
Notes to tho Financial Statam•nts for the Year Ended 29 February 2024
g Anatysi$ 019ov¢man¢¢ •nd ¥upport costs
GovemwK• cMts
Unrestricted
fund5
General
Total
lunds
IndeperAent •xrAniner fees
Exr4nination of stat•rne
Legal fe•s
3.287
3.287
Total for 2024
6.091
6.091
Total for 2023
5.$57
5.557
10 TnMt•tt r•muneration and expons•s
unng Ihe ytar.
11 Ind•pond•nt •xamln•rfs r•mun•ratk
2024
Tcrtal f••s charg•d by Ind•p￿￿nI Ex*nin•r in y•ar
3.282
12 Tax•tion
Th• charty A a iogisit4&a charty and 18 trwelofe extsnpi frcln
Pag• 16

From• M•morial Th•atr• Trust
Notes to the Financial Statements for thg Ygar Endgd 29 F•bruary 2024
13 Int•nglble flxe(l •Mets
intangible
T￿41
Cost
Al 1 March 2023
2,134
2134
At 29 Febru￿ 2024
2.134
2.134
Amortisotion
At 1 March 2023
Charg• ftx th•
1,422
712
1.422
712
At 29 Febfuw 2024
Net book v•lu•
2,134
2134
Al 29 februwy 2024
Al 28 Februwy 2023
712
712
14 T•nglbk •M¢iS
Furnitur• and
equipment
Total
Cost
At 1 March 2023
Addition•
183.725
56.232
183,725
56,232
At 29 FebTUW 2(r24
D•prnci•tlon
At 1 March 2023
Chw9e Ihe ￿r
At 29 F•bruary 2024
239.957
239.957
158.2C6
9.788
1&8,2
9.788
165.994
185.994
N•t Ixx>k valu•
At 29 F•bfUary 2024
n.￿3
73.983
Al 28 FebTh￿ry 2023
2/.519
2r.519
15 Stock
2024
2023
Stock$
7.228
5.035
Page 17

Frome Memorlal Theatre T￿￿t
Notes to the Financial Stat•m•nts for the Year Ended 29 February 2024
16 D¢btorS
2024
2023
CXhe( debt¢
4.918
4.2
17 C•*h and c•¥h •quival•nts
2024
2023
¢a•h ￿ hand
Cjth •1 bar
2.800
132.575
160.884
135,375
163.344
11 Credltors: aft￿ynts falllng du¢ withln on¢ y•¥
2023
8.120
10.000
20.259
7.649
10.000
3D.171
Olh•r
38.379
47.820
Pap 18

Fromg M•morial Th•a￿ Trust
Notes to the Financial Statornonts for the Year End•d 29 February 2024
Qlhor borrowlrbg$
S(wnws•1 Communty Fund Lo•n cwytnq wnount of £16.741 (2023 - £24,390) is den￿nin81•y
in £ with 8 rtyimir491 interest Wt of 6% 12023 . 6%). The ffflal Insialmeni is due on 1 February 2026.
19 Cr•ditorn: amounts f•ling du• after one ye•r
2024
2023
Other k•ns
8.621
16.741
20 Funds
Balanc• at 29
F•bruary
2024
Baknnce at 1
2023
kncrxnin9
R¢sour¢
•xp•nd•d
UnMtricied
136.339
516.Sd3
1478 498)
174.484
B•l•nc4 at 28
Febru4ry
2023
B•knnG• at 1
March 2022
Incoming R•sourc•s
expend¢d
Ger*rnl
18.267
s57.￿1
1439.289}
136.339
Pag• 19

From• Momorial Theatre Trust
Notes to the Financial Statgments for the Year Ended 29 February 2024
21 Anatysls ol n•t US•ts b•tw••n funds
Genernl Total fun¢ts
T•ryibl• iTrxed assets
Current assets
Current &abilii*s
Cr•drtcn (v4•r 1 y•
Tow nel 8Meis
73,963
147.521
(38.3791
8.621
73.￿3
147.521
(38.379)
8.621
174,484
174.484
Unr•strict•d
Gener•1
Total fvnd•
Intangib* f￿•d ass413
Tangibl• ffix•d asM¢s
Curr¢nl asscis
Current Ibabilit
Credrtors ow 1 yeaf
Total 8SS¢ts
112
27.519
172.&89
{47.8201
16.741
712
27 $19
172.669
{47.820}
16.741
136.339
136,339
P•p• 20