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2025-03-31-accounts

REGISTERED COMPANY NUMBER: 14755614 (England and Wales) REGISTERED CHARITY NUMBER: 1207629

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

FORUM NETWORK INTERNATIONAL LIMITED

Marsh Solutions Limited 82 Berechurch Hall Road Colchester Essex CO2 8RF

FORUM NETWORK INTERNATIONAL LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 March 2025

Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 11
Detailed Statement of Financial Activities 12 to 13

FORUM NETWORK INTERNATIONAL LIMITED

REPORT OF THE TRUSTEES for the year ended 31 March 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objects of the Charity are for the public benefit to, advance education, promote learning and research (publishing the useful results of any such research) by organising educational lectures, debates, seminars, workshops and opportunities for peer-to-peer learning to share practical lessons, insights and encouragements and stimulate and foster an exchange of ideas and perspectives on contemporary issues which improve knowledge and understanding about the effective exercise of individual and collective citizenship, civic responsibility and leadership across the arts, media, culture, professions, Government, academia and other social occupations.

Significant activities

For the year to 31 March 2025, Forum Network International Limited continued to hold a series of public lectures featuring high profile thought-leaders, who were invited to share how they use their platforms for good and the betterment of society. These lectures included contributions from NYU sociologist Jonathan Haidt regarding his research and call to action around teenage smartphone use; columnist Dia Chakravarty on the cultural impact of the media; and Viscount Matt Ridley on the power of innovation in the renewal of culture.

The Forum Weekend in June 2024 saw around 100 leaders from multiple sectors gather for two days to consider more deeply how to use their platforms for good, how to work for change over the long-term and build creative coalitions across traditional dividing lines for the public good. Initiatives emerging from attendees have included significant efforts in the fields of education, public policy, freedom of speech, healthcare and technology.

In the first quarter of 2025, Forum began a series of dinners in London to provide greater continuity in our mission to encourage leaders of character across all sectors of society to consider how they might use their platforms for good. The idea is to build a growing community through which creative collaborations will emerge and be strengthened for the public benefit. The first iterations of these Supper Clubs proved instantly popular, and an excellent setting in which to highlight the substantial contributions to cultural renewal being made by Forum attendees.

In the US, Forum began partnering with Sagamore Institute to run Forum Supper Club events in Washington DC and New York, building and strengthening civic-minded leaders across multiple sectors to encourage positive change and collaboration in the midst of an increasingly divided culture. The values of Forum - to create, not complain; build-up, not tear-down; relational, not extractive; for the long-term, not short-term - seem to have provided a welcome space for constructive conversations and transformative initiatives to begin to flourish. In March 2025, the Forum US Weekend built upon this and provided fresh impetus for almost 100 transformative senior leaders from across the US. Forum also began exploring opportunities in Atlanta, Boston and Dallas.

Public benefit

The Trustees take due regard to the requirement that the charity operates in ways that provide public benefit. Trustees are aware of the guidance around public benefit and take it into account when making decisions to which that guidance is relevant.

Page 1

FORUM NETWORK INTERNATIONAL LIMITED

REPORT OF THE TRUSTEES

for the year ended 31 March 2025

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The Trustees are pleased with the level of public engagement in Forum lectures and the growth and potential of the Forum Supper Clubs in both the US and UK.

FINANCIAL REVIEW

Financial position

The Trustees are pleased to have finished the year with a healthy, positive fund balance, given the increase in activity, staffing levels and organizational maturity, thanks to careful spending and the continuing generosity of our donors. A particular encouragement has been a number of donors setting up standing-orders or making multi-year commitments, allowing us to budget and plan for future growth.

Reserves policy

FNIL's policy is to maintain reserves of three-months' operating expenses.

At 31st March 2025 the charity was below this threshold. The trustees aim to meet this deadline by continuing with the Charitable Activities and seeking further funding income.

FUTURE PLANS

For the financial year to 31 March 2026, FNIL intends to employ a full-time CEO to continue to lead the growth of the organization, plus a part-time Executive Director to lead on speaker acquisition, programming and thought-leadership in a programme of public lectures and Supper Clubs in the UK and US, engaging many cultural and institutional leaders on issues concerning the common good.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing 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 2006.

Induction and training of new trustees

New trustees are directed towards The Essential Trustee - government guidance and resources for trustees.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

14755614 (England and Wales)

Registered Charity number

1207629

Registered office

35 Berkeley Square Mayfair London W1J 5BF

Independent Examiner

Mr Christopher Marsh FMAAT Marsh Solutions Limited 82 Berechurch Hall Road Colchester Essex CO2 8RF

Page 2

FORUM NETWORK INTERNATIONAL LIMITED

REPORT OF THE TRUSTEES for the year ended 31 March 2025

Trustees

P Stroud D Stroud (resigned 30.3.25) M Mayhew N Gifford B Sheratt D McFadzean (appointed 10.12.24)

27/12/2025 Approved by order of the board of trustees on ............................................. and signed on its behalf by:

D McFadzean

D McFadzean (Dec 27, 2025 16:52:30 GMT) ....................................................................

D McFadzean - Trustee

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FORUM NETWORK INTERNATIONAL LIMITED

Independent examiner's report to the trustees of Forum Network International Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Accounting Technicians, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mr Christopher Marsh FMAAT The Association of Accounting Technicians

Marsh Solutions Limited 82 Berechurch Hall Road Colchester Essex CO2 8RF 29/12/2025 Date: .............................................

Page 4

FORUM NETWORK INTERNATIONAL LIMITED

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2025

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
256,213
Charitable activities
Charitable Activities
74,259
Investment income
2
113
Total
330,585
EXPENDITURE ON
Charitable activities
Charitable Activities
299,071
NET INCOME
31,514
RECONCILIATION OF FUNDS
Total funds brought forward
37,850
TOTAL FUNDS CARRIED FORWARD
69,364		 Year Ended
31.3.25
Restricted
Total
fund
funds
£
£
77,000
333,213
88,928
163,187
-
113
165,928
496,513
125,566
424,637
40,362
71,876
(35,262)
2,588
5,100
74,464		 Period
24.3.23
to
31.3.24
Total
funds
£
383,867
-
34
383,901
381,313
2,588
-
2,588

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 5

FORUM NETWORK INTERNATIONAL LIMITED

BALANCE SHEET 31 March 2025

Unrestricted
fund
Notes
£
CURRENT ASSETS
Debtors
5
34,493
Cash at bank
49,429
83,922
CREDITORS
Amounts falling due within one year
6
(14,558)
NET CURRENT ASSETS
69,364
TOTAL ASSETS LESS CURRENT
LIABILITIES
69,364
NET ASSETS/(LIABILITIES)
69,364
FUNDS
8
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
fund
£
703
25,394
26,097
(20,997)
5,100
5,100
5,100		 31.3.25
Total
funds
£
35,196
74,823
110,019
(35,555)
74,464
74,464
74,464
69,364
5,100
74,464		 31.3.24
Total
funds
£
9,310
42,280
51,590
(49,002)
2,588
2,588
2,588
37,850
(35,262)
2,588

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 27/12/2025

D McFadzean

D McFadzean (Dec 27, 2025 16:52:30 GMT)

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

D McFadzean - Trustee

The notes form part of these financial statements

Page 6

FORUM NETWORK INTERNATIONAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements and assessment of going concern

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.

The financial statements are presented in £, Pound Sterling

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Debtors

Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.

Cash at bank and in hand

Cash at bank and in hand includes cash, current bank accounts and deposit bank accounts with no withdrawal limitations.

Creditors

Creditors are recognised where then charity has a present obligation resulting from a past event that will result in the transfer of funds to a third party and the amount

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

Page 7

FORUM NETWORK INTERNATIONAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

2. INVESTMENT INCOME

INVESTMENT INCOME
Period
24.3.23
Year Ended to
31.3.25 31.3.24
£ £
Deposit account interest 113 34

3. TRUSTEES' REMUNERATION AND BENEFITS

The trustees received the following remuneration occurred during the year for services not relating to those of trusteeship:

D Stroud £25,083.31 for consultancy, and £12,785 in recharged expense claims relating to travel.

There were no further transactions with trustees.

4.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
126,132
Investment income
34
Total
126,166
EXPENDITURE ON
Charitable activities
Charitable Activities
88,316
NET INCOME/(EXPENDITURE)
37,850
TOTAL FUNDS CARRIED FORWARD
37,850		 Restricted
fund
£
257,735
-
257,735
292,997
(35,262)
(35,262)		 Total
funds
£
383,867
34
383,901
381,313
2,588
2,588

continued...

Page 8

FORUM NETWORK INTERNATIONAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£ £
Other debtors 7,278 -
Prepayments 27,918 9,310
35,196 9,310
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£ £
Bank loans and overdrafts (see note 7) - 18,246
Trade creditors 19,408 15,083
Social security and other taxes 457 670
Other creditors 6,772 -
Accrued expenses 8,918 15,003
35,555 49,002
7. LOANS
An analysis of the maturity of loans is given below:
31.3.25 31.3.24
£ £
Amounts falling due within one year on demand:
Bank overdrafts - 18,246

The Bank Loan value at the period end represents the overspent US fund. Donations for this were in the received accounting period following the Balance Sheet date to cover this overdrawn value.

8. MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
Net
movement At
At 1.4.24 in funds 31.3.25
£ £ £
Unrestricted funds
General fund 37,850 31,514 69,364
Restricted funds
US fund (35,262) 40,362 5,100
TOTAL FUNDS 2,588 71,876 74,464

continued...

Page 9

FORUM NETWORK INTERNATIONAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2025

8. MOVEMENT IN FUNDS - continued

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

Incoming
resources
£
Unrestricted funds
General fund
330,585
Restricted funds
US fund
165,928
TOTAL FUNDS
496,513
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
US fund
TOTAL FUNDS
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
126,166
Restricted funds
US fund
257,735
TOTAL FUNDS
383,901		 Resources
Movement
expended
in funds
£
£
(299,071)
31,514
(125,566)
40,362
(424,637)
71,876
Net
movement
At
in funds
31.3.24
£
£
37,850
37,850
(35,262)
(35,262)
2,588
2,588
Resources
Movement
expended
in funds
£
£
(88,316)
37,850
(292,997)
(35,262)
(381,313)
2,588

continued...

Page 10

FORUM NETWORK INTERNATIONAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

9. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.

Page 11