Registered Number- 01787316 Charity Registration Number: 289644 FOREST F¥RGE THEATRE CO. FOREST FORGE THEATRE COMPANY IA company limited by guarantee without share capital) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 37 MARCH2024 Registered Office Address.. First Floor, Pintail House, Duck Island Lane. Ringwood, England, 8H24 3AA
FOREST FORGE THEATRE COMPANY IA compary lifflited by guarantee without share capit811 Table of Contents Reference and Admini8tr8tive DetBiLs. Twstéea Roport.................. Accountants repon.................................................................-........ .. .. Ind8pendeTht Examiner's report.......................................................... St#tÉrriènt of Financial Aetivitiaa. 8alBnce Shget. Nolas to th8 Financial Siatemgnts .15 .20
FOREST FORGE THEATRE COMPANY IA company limrted by guarantee without sh8re c8Pltal) REFERENCE AND ADMINISTRATIVE DETAILS Trustees Ms. N Ralcirff8Wilson Dr. M 8eniinGk Ms. G Gould Mg. V Biig8S Ms. LSmith-Head Mr. M Vtilson Charity R8gi8tration Number 289644 uurnparii Regisi¥8t',on Number 01787316 Prinrip31 Addie.qA Flrsi Floor Pintail HOLISO Duck Islap.d LBne Ringwood HgfflpBhire BH24 3AA Re8lSteied cJffiGe First Floor Pir,t&il Hou%a Duck Islan¢J House RingwA)O Hampshir 8H24 3A4 Accoun13nf El8we11 Consulting Ltd TIA Cloud Eleven AccountJnis Pslamcs House 66-67 High Si Lymingtoo S041 9AL Indeperdeft.tExamlher Tu accounts TIA On the Spot Tax Rosehill Hovge St Austell Cornw?11 PL26 78A
FOREST FORGE THEATRE COMPANY (A company limitod by guaranteo without share capitsl) TRUSTEES REPORT(INCLUDING DIRECTORS REPORT) FOR THEYEARENDED 31 MARCH2024 Thp Truqtee$ prasent their r8part And lin8ntl81 stalamants lor thè yéar 8nded 31 Mirch 2024. ObJgctlvg# and actlvltl8s Forest Foige The8tffe Cornp4r.y's charitoble objective 18 to producé and iour thaair8 Pfoduciiofis io provido a comprehensive ps rrhcioatory programme, to 8dvBnce ducgtion or to Bncourage involvorYiQllt In tho &rts. Forpgt Foi8è'S mi$&ion IS.. Forest Forgp u8ey theatre to lind the &xtrAoidlnary in tha ordlnAry_ 8asod sn rhe New Forest, .Jr work across ttsulsng Pioductions. participarion and artisr developmpnt helps make and build cDnnectiori$ beiwuvn peoplL, spnik8 joy Pncci urages pefso¢i&I shifts in perspective anij experienLè. The company achieves its ch81:"i&ble obiectlVO8 Rnd iwgs up to it¥ mi$$ior) by dèLNéfing thréé stiands ol work: T<)uring Theatre Forèst Fcr8e cre&res MexiblEt tlle8rre pr(>duction$ thAt be Enjoyed in a rAn¥£ ol vÈnves from villagé halls 10 5udio th@orr88, non.theatTe spaces and outdoor8. All touring production9 celebrat? the trèdiiltsn ol oral slorytelllng &nd engage audietTrce8 regard less of Iheif bbckbyobnd or expeiier,ce. o PBrEir.ioarion Fofe31 Fo<ge'3 stscce$8fbl pgrti¢ipHtion programme IprEv'.uusly Crealiye Leofn,ir.g) all(Ms OpL8 li78 withi n the I8 rore9t thé opportunrty ta t8ke part in thoatro making actr¢itip Vnrkin K with peoplts ol all ggeg. backgrounds and Iw@is of 8xpeiioa¢e. Ihp orogremfne shares nd celebrdte¥ FL)r8$1 Foig¥'s ¢lhos and practlce. C) AitiSI Deve.lopmont Foresi Foigo's Artisr Developfflent progTarnme$ exist to develop and support tha futurè of Ib.eatre making in the New Fore¥t. Fofest Fof8e deli%iefS its misslon and chafitable objectives Ihrough the delivery of a 8using55 F18n t,at hag bean develayd by thè trte05, leadership tearn arbd w¥rh careful consi4Jer?tion to the Cha rity Comm15sion'8 general guidanc8 on public bénefit.
FOREST FORGE THEATRE COMPANY {A company limited by guarantee without share capital) Review of the Year: 2023-24 23-24 was a tirne of significant change for the charity, and saw a move of premises, the development of a new business plan and a change in leadership, led by the need to build financial sustsinability. Despite these changes we continued to successfully deliver a programme of events and activities for the benefit of the New Forest community- o Touring Theatre In 23-24 Forest Forge developed and toured The Adventures of Robin Hood, a co-production with Bumblefly Theatre and Mischievous Theatre. This Christmas production toured to 22 venues. including 20 rural village halls and 2 schools. It reached an audience of over 1320 people. Whilst based in Ende8vou¥ Park, the old premises. Forest Forge also provided a venue for other professional productions including a pertormance of Georgia and the Iceberg by Dorset born Theatre. and six events as part of the New Forest Comedy Festival. Forest Forge also managed two additional performances of the New Forest Comedy Festival at 2 rural locations. Participation Our participation programmes continued to be a key focus and ran throughout the year in Ringwood and across the New Forest. All our participatory work is based on our inclusive, ensemble theatre approach where every participant is equally valued. shares collective ownership and where the success of the whole is prioritised over the success of the individual. It is underpinned by our heartfelt, playful approach. informed and underpinned by a comrllitment to telling stories and celebrating the New Forest. The programme included.. Forest Forge Youth Theatre In 23-24, we engaged 64 children and young people in 30 weekly youth theatre sessions. These sessions focus on ensemble theatre and use our artistic ethos, to enhance and enrich the lives of participants. Feedback from sessions included.. "Myson has also started atForestForge recentlyand I've cert8inlyseen a difference in his beh8viour. He seems moregrounded8nd selfassured, less stressed 8ndanxious. He is also a bit more willing to try new things now." "Mydaughteris bubblyandfull of fun aftersessions atForestForge and enthusiastlc 8boutthe people in hergroup and the activities she does in w8yrarelyseen aboutschool. Within the year, Youth Theatre Groups 3 and 4 delivered a performance of The Wolves of Willoughby Chase, featuring 19 performers.
FOREST FORGE THEATRE COMPANY IA company limited by guarantee without share capital) o Waterside Drama Waterside Drama includes two weekly drama sessions at the British Legion in Fawley and are targeted to those living on lower incomes and with a particular focus on engaging the settled traveller community in the district. Sessions are delivered for free thanks to funding from Children in Need. o Act Your Age Act Your Age is our weekly drama sessions for adults age 55+ In 23-24 we held 30 sessions and engaged 15 individuals. Feedback from the group included: "l always leave the sessions smiling. "It r8ises my spirits" G8me Game is a weekly session for adults, offering the opportunity to engage in joyful, active drama games. Within the year we held 30 sessions and achieved a footprint of 210 participants. o Branchingout In May 23 we launched Branding Out, a new weekly drama session for adults with learning difficuliies, in partnership with Blue Apple Theatre. The initial project was delivered thanks to funding f rom Hampshire County Council Local Solutions Fund. We delivered 30 sessions over the year to 11 participants. Feedback has included-. "It is really developing my daughters confidence and imagination as well as expressive skills and opportunity to reallyfeelpartofsomething thatmatters. The group has been so successful we have added it to our core programme of activities from Autumn 2024. Schools and Education Throughout 23-24 we continued to deliver a full and varied programme in New Forest schools and educational establishments. Over the year we delivered 58 sessions including.. 10 sessions for Arts Week at Ringwood School. After School Clubs at Ringwood Junior School, Weston Downland Primary School and the New Forest Small School, engaging 50 pupils. Applied Theatre sessions at Arts University Bournemouth.
FOREST FORGE THEATRE COMPANY (A company limited by guarantee without share capital) Community I n 23-24 we delivered 16 community participatory sessions including.. Workshops as part of the HAF programme at St Barbes MuseLJm. Workshops at the New Forest Show. A programme of workshops at the Shelling School for Adults with learning disabilities. We also provided entertainment as part of the Ringwood Carnival. Artist Development In 23-24 we continued to support local artists and theatre makers in the New Forest by Facilitating and supporting our Young Company, a group of emerging theatre makers ged 18- 25. Throughout the year we provided weekly sessions for the group to work together to develop their own artistic practice. Within the year, three comp8nies that we supported via mentoring and dramatLJrgical support mDved forwards with their projects. These included Stories in the Oust, which has received Arts CoLJncil England funding for a national tour and Tales for an Unruly Audience which has subsequently performed at four UK festivals. Throughout the year, Forest Forge continued to work in partnership and advocate for cultural activity across the New Forest. working closely with Folio and Culture in Common. Structure, Staffing and Financial Resilience At the start of the year the Trustttes were aware that financial losses in recent years. in part due the Covid pandemic. were placing the organisation in an unsustainable position. In order to 8ecure the charity for the future and to protect the benefit we provide to the public, the trustees took the diff icult decision to restructure the organisation and sell the charity's base in Endeavour Park to release funds. As part of this process the CEO I Creative Producer was made redundant in july and the building was sold in October 2023, with the company renting the space for a few months. In January 2024, Forest Forge moved to a new leased prem ises in Duck Island Lane. Ringwood, with the technical equipment. workshop and costumes being placed in storage. In November 2023, Forest Forge engaged creative consultant Sophie Fullerlove to support the management of Ihe organisation during the transition period and to support the trustees and managementteam to develop a newthree-year business plan focusing on growth and resilience. By the end of the financial year the new plan was in place and accepted by the trustees, with a new management structure led by two Co-Artislic Di rectors Lucy Phillips ané Jo Billingham. Sophie Fullerlove will continue to support the organisation until the end of March 2025. Funds released from the building8ale were usedto pay offoutstandingdebts and
FOREST FORGE THEATRE COMPANY IA company limited by guarantee without share capital) designated by the trustees to support future plans and the ongoing resilience of the organisation. Public Benef it Forest Forge undertakes all its work for the public benefit. The Touring Theatre strand ol work sees the charity create and tour theatre to rural venues, enabling people to See professional theatre in a Ioc81 venue at subsidised ticket prices. This enriches the lives of people living in the New Forest, Hampshire, Dorset and Wiltshire. It provides accessible performances. foster knowledge, education and recreation, to those who may not othenNise be able to access theatre due to barriers Including geography. transport, finances, background or neurodiversity. By touring theatre to village halls and rural venues the charitable company also brings Isolated communities together and encourages community cohesion. The Participation Programme provides transformative experiences for people at every age of life. By taking part in drama and theatre workshops, members of the public benefit from improved health and wellbeing, new friendships and a reduction in loneliness, and enhanced confidence and social skills. All sessions are developed to be as accessible to everyone, with prices kept at around 50% of the price of commercial operators in the region. OurArtist Development strand supports the education and development of emerging theatre makers in the New Forest. It also helps add value to established artists. This strand of work increases the availability of theatre and theatre-making opportunities in the New Forest and surrounding region and supporting the creative ecology i n the region. This enables the public to benefit from arts and cultural activity and its benefits now and in the future. The Trustees of the Forest Forge Theatre Company are aware of their responsibilities in ensuring the charities aims are for the public benefit and follow the guidance published by the Charity Commission. Governance StruGture Forest Forge Theatre Company is a charitable company limited by guarantee, incorporated on 30th January 1984 and registered as a charitywith the Charity Commissian. The charitable company was established under a Memorandum of Association which details the objects and powers of the charitable company and is governedunder its Articles of A330ciatlDn. In the event of the charity being wound up. the members are required to contribute an amount not exceeding one pound. Although dated, the Memorandum ofAssociation has been deemed fit for Pufpose by the Independent Theatre Council.
FOREST FORGE THEATRE COMPANY {A company limited by guarantee without share capital) Flnanclal Aavl4w The ye8r ha3 seen a 8igniflcant change in the tinencial position of the org8ni3alion, with the sale of th8 loimer leasehold prgmis8s for £711 .826 in octo4r 2023. Tha sale enabled the oiganisatitsn to pay ofl Oulstanding debts and to build a sust8in8ble luturB. Th8 incGrne frorTI the sale wès ottset by the removal of building as an assot ficm ihe ba18n¢e sheet, resulting in a pfol.ir on the disposal of Tho 8886t of È440,425 Thls. carnbin8d 1h tho unresirlclod Income Iram donationg and (É)g#¢ièii, chdritAble aetlvit103. tradin8 and Investment Income. resultad In toial unresttieiaé Income of £328.3011É52.S13 in 22-231. Unregtricl8d gxpendilure in the yearw85 £196.3511£146,201 in 22-23}- Restricted incorne lof ihe yeBr was £40,724 with £31,696 of restricted expenditure in the yeor. Tho majority ot the remaining re4triGled fundg. relgted in ? gr8 rt trom Arts CDuncil England IOWAfds the Elgvgte PFoject, which wa% ¢arn2d lorward for délivory in 2024-25. In 23-24, the total income lo.. the ch8rityw4s £3B9.025 with eXnlIr_ ol £228,lJ47. This rosulipd in B Surp{8 of £140,978 which has been desigDated by the IfU5tees lor rhe ILSlure 8è¢urity of the ch&riry. It was a roquiioment ol thè origsnal ftsndlng foi tho building ihat the monpy rpiPRgpd on the 88le ot the building bÈ uÈed io furter rho ¢h2ri•ablo objottives. Thé Irustee3 have taken dua note of th 15 in policy and Iht (Jecl$ions r#laiing 10 de51gn8tion of fLJnd$. Th6 sale of the le8sehold build ng has rosulted li a reduciioffl of fixed 885ets an the uslAn¢e sh6ét, from £456,459 In 22.23 to £19, 197 In 23-2a, Net assets of iho charity now sit at £516,873. with up.ce8tricied funcs of £488.91)4. Tr.e lur.d8 h8ve been degigneted by the trusttes, Includlng In ne wirh Cty.arity Commission guldelines. É240,000 has al80 been Investao In higb.-ipiorosE, non-accoss,.bl& i rnigostments, prchliding a new incorne stre8m an4 fui1hei su pporting the long-terrn 3ust8inaeJiliVI ot the company. R•¥•rve> Pollcy The ffU$t&8s of Foi8St Fo(ge Theatie Company aim to maintain re8ervE8 to supoort the delivery ol the ¢harity3 objeetiveg and work and to minimisa n'sk 10 the oigBnis8tion. In Ocrober 2023 the cha riDi sold ils cornpany base in RingNood and. after 811 c(5815 and the 2023-24 dBflLii, had unrestilfjttid rv6VPrflJS toLJllliiJJ £488.904. To protect tha charity Ènd plan for thé fuluro tho Trusteu ogr8•<J on o n4yw reseryes polACy whi¢h Is annu4LIy.
FOREST FORGE THEATRE COMPANY {A company limited byguarantee without share capital) The charity has unrestricted reserves of £488,905. The Trustees have invested É240.000 in low-risk investment. providing a rate of return at currently not less than 40/0 and providing an important new revenue stream. To achieve the level of return required these funds are not accessible without incurring a penalty. The unrestricted funds are carefully designated for the futLJre security of the company. Winding Up Costs fo meet our obligations as a responsible charity, the Board of Trustees has agreed to Set the reserve requi rement to cover 6 months of total operational costs which will cover any temporary cashflow shorttalls,. for example, if the charity i s awaiting a grant instalment, or in the worst-ca5e scenario to cover the costs associated with the charity having to wind down. The reserve amount 15 reviewed annually by the trustees, The trustees believe this level of reserves will provide short term funding stability and a Flow time to secure alternative sources of income, in the event of a sign ificant drop in income. At 31 March 2024, the charity has set aside an operational reserve of £50,000, At the end of the reporting period 6 months of operational costs are equivalent to £62, 138 and therefore in the case of additional funds being required the trustees will revisit the designated funds to cover any shortfall. 1000/0 of this fund is included in the high interest investments. New Building Investment Following the sale of the leasehold property, £178,000 has been designated by the trustees for investment in a future new building. 100% of this f und is included in the high interest investments. Strategic Delivery Fund IPlanned Deficit Fund) After the challenges of Covid, the cost-of-living crisis and recent Changes to the staff ing structure of the organisation, the Trustees have allocated £180,000 of the reserves to support planned budget deficits 2024-25 and 2025-2026 as the charity builds back to a sustainable delivery and financial model. A portion of this fund is included in the high interest investments. Maintenance, facilities, and capital replacement fund Forest Forge has set aside £30,000 for new equipment and the ongoing maintenance and support of the company van. This fund is managed i n conjunction with the capital replacement plan which is updated annually by the Trustees. Special Projects £20.000 is set aside for special projects that the Trustees agree will advance the artistic policy of the company, help to achieve its mission, public benefits and support the company financially. Proposals for use of this fund can be made by the staff team to the Trustees at quarterly meetings. io
FOREST FORGE THEATRE COMPANY {A comp8ny limited by guarantee without share capit811 Youth Theatre Bursary Fund Folest Forge Theatre holds E5,000 of rlngfencfrd fund5 to support youth theatre membÉfS via a bursary schgm9. This fund may ba supplemented by gr8nt3 and putrllc donotions. sual Identity and Weositei Atrash In ordor to deliver the naw buslness pLgn and put the organisailon in the be3f place to saNe its ber¥efici4 ries the company requires 84 refresh of rt$ visual Identity Bnd website. The trustee3 hwoe set asidg no mor8 rhan £20,000 for thiy work. blthlch will be complgted in 24- 25. T4Ér8 afe a iDt31 gf £5,905 of Ir&e rosorv8S, At the end ot è8Gh finR ncial year, any surpltss will be designattsd by ibe Trustees acrogs the lunds descr..be.d '.n accordance wlih the need ol thÉ7 chari at that Iirne. Inlornied by the business plan, cspitBI TapI(Ic8nienl plan 8nd chtsrity risK registof. Futur8 Plans Forèst Foige.'8 Piiority ip. th8 short term is to embed it4 nèw buslne88 plan Bnd structuré to bgin 10 Euf n &rour,d the lil1ar.cial po8ltior> &nd reputatjun ol Ihe company. Key a¢iivtlies wSil ip.cludo-. D£livering new piogr4mffte$ of tou',;ng theatTe Including Suiicase Stories. mini-flexlblEI theatre pffoductions in 2>24. Extraneir,g ih¢J pa.Iicipatory progr8mme, includingihe. development ofwcrdswiths. in Pdjrti i*Jrshig Wlth Culture in Common, and driviné Inc reKJsed ep,gogpment across all ork3hGps. lew rei8t:"Qf Yylpg sc hools, Includ7fjg thé d£,livr'ry of the GCSE drama progrjjmmg 8t the Fof841 Small Schcol, &n AIS?ianco Theatre covr5e at Rinwood sch.ool and 6 new drarv8 club Burley Prlmary School. AefT?shing thé FD¥o81 Forge br8nd 8nd18unching 8 new web31te which r9ise.g :. he profile ol ttte organisa.ion Bnd 8uppon9 Increa8ed Income gefleialion_ I ne r¥nl Ot a new technical urtil for the storage av.d mgking of séts. props end ¢08tume8, to Ilow v3 ttr caro lor, use Bnd hiie th.e £ssèrs own. The development of new fLJndraTaing and Income geneiBti¢n plans. Including applyiv,g fot Thealro Tax Rclief for eligible pl(u¢r10ns. Imprtsvod flnÉbnci41 reparting Bnd sy$t8ms ro en%ufe 8ppropnatè management ot IiN8nGèS. A r.ow BFJpro8clTr, ta &dvoc8cy comrr.unic8rions. with 3 lor.LiS on raJ8ing tfre profil¢ of lye orgE)nizat,on umoDg reglonal decision rnakers Bnd st&knotders. Thé tronsition to 8 new ba8rd ot tfUSt8es, wrth ihcee recrtsytèd in rhe fsrst 6 Tonth8 of 202d- I S ar,d lurther iecruitment planned. The rec ijjitinenr Df a new Comp&ny Manager lo lead on the administration 8nd fr'#ancial rnan¥?84.Tent tsl thé c>rgAnisation. Ll
FOREST FORGE THEATRE COMPANY IA company limited bygu8r8nteewlthout share capital) Tru¥ttso* TheTnJstees, who Bre a130 the direclof3 lor tha puipose ofcompary IBW, and who Served durlng the yBai ap.d uo to Ihe dale ol signatuig ot the linancial statements w4ere'. Ms. N Rkiicliff e vfi130n Or. M Bentinck 1ch.airl Mr, J H4rtley-Qinn.% Ms. G Goiild M. M P,Jraio Mr. Mvv'ilson Ms. V BIiyA.8 Ms. L Smiih-Head IRosigned 27 February 20241 IR&9 iilfipd 1 O¢iDbér 20231 IAp,.oiritecl 24 Ai)ril 20241 IApooinied l O July 20241 IAppoiriled 10 July 20241 In 2G24 ihe TnJ8te8s havo urdfjrtaken 8 Skill3 Audit. the re?ylts ol which been rna pped ag31ll St the Tpeds of the or%E7ni88tion. Thie@ o! ihe current tiusietts, including ihé Chahf. trjave ID.dicatdd the¥¥ Intefjtion lo rps ien ID Marcli 2CY5 Jiid è recrtsiimani ?18n Is in place to 3ppoiftt new :. rusteeg, imth g transiTion period In pl8cp. Therp 1$ FJ rtIcular tocus oq appointing a trustep w'.Ih proleg£ionai flrian.clal experience. All Trustees are proposed. seconded. and appeinièd by 808fd and hold Office Ioi ihroa i£ars b4)lor8 re-611 &ction. All TrL,8tees are iequi réd ro sign eonfirm8tion of theii 8biliDi ,1ngnesS to act in "ne ,rt.1 Charity ComniLSSlQtI'8 8uidgDGe Tle Ess8nti81 Trusrt7e iCC31 8nd The Good Governapce Ccde.
FOREST FORGE THEATRE COMPANY (A company limited by guarantee without share capital) Statement of Trustees, responslbilities The Trustees. who are also the directors of Forest Forge Theatre Company for the purpose of company law. are responsible for preparing the Trustees, Report and the tinancial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the Trustees to prepare financi81 statements for each financial year which give a true and fair view of the state of affair5 of the charity and of the incoming resources and application of resources, including the incorT)e and expenditure, of the charitable company for that year. I n preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently. observe the method$ 8nd principles in the Charities SORP. make judgements and estimates that are reasonable and prudent- 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 re8sonable accur8cyat anytimethe financial position ofthe charityand enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the cha rity and hence lor taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees, report was approved by the Board of Trustees. Dr M Bentinck Chair Oated.. 5-11-2oz 13
FOREST FORGE THEATRE COMPANY IA company limited by guarantee without sh8re caplt811 ACCOUNTANT'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 Roport to the Trustees on ihe grepafation of the unauéited $tatut¢)ry financial siater¢J8nts of FOREST FORGE THEATRE COMPANY In order to B53I3tyou io lultll yo(Jr duties under tha C¢mpanias Act 2Q06, vle have Pfepared for youf app roval Ixe flnanci81 stBtement9 01 Ihe cornpé)ny wb.lch incliide, thA grolTt and loss accaunls . Ihe balance sheet and the relbted nates frorn the ¢omp8n't accounting records ol FOREST FOqGE THEATRE COMPANY forttr,B yesr op,ded 31 Maich 2024 sel OLIt on pag85 16. 18 from Ihg Ccmpany'3 occotsntln8 ipcords &nd ITcfti inloi niotion afid explanali¢ns you havts given us. A5 B pract1411",% mc'mber ol ihe Assor.i8tinn ol Chartered Certrfied AGGQ U.Itèrtfb. are subject to st.9 Pthieal 8n.d OThof Pfofoss tonal r-qui,-ernents which ar8 dpiailed at .3:=C&8IDb!l.L-aTlllukJLIDI J'J'- ,11 ij nJrbleJoiJP This reporT is n.4dè golely to the charity Irijslees ot FOREST FORGE THEATRE COMPANV. as a body. 111 accord&nce'Nitb Ihe irms ol oui eng8gernent 18ii#r diJlLd 24 Apnl 2024. OUF work has beon undoitarton solely to prepar8 for your app",oval the #prounts of FOREST FORGÉ THEATRE COXIPANY and stale those matters rhs)i wo have agieec IQ 51ai¥ iu iho TIusi¥es of FOREiT FO.qGE TH EA TRE COMPAhY ,q body in pl)Is rLPC'I1 Ir ac.rnYdgDre with iho t%Men[S of the A39QCl8ilon of Charteied Cp.r-J1fid Accountants 8 dp.-. qilp.d ot: .IL,'l&i-Llrl- 63-1.3r.-24.FEII Tg th•. fiille+ t ox:. perrp.itted by IB'A., do noi accept or resump. rès015 sibiliry to anyrjng otner ihan FORES'f FOqGE THEATRE and I'.$ 8oaid of Trustee3 85 a bortii lof oui work for thi$ It 13 iour duty lo unsure that FOflEST FORGE rw.EATRS COMPANY kèpt gdeouatp CCOuntinÉ rfjr.oie8. avd lo propare statutory ac¢ourilS tfrAt gp4e 3 trJe and fair we'+¢ of the assuts, liabilil1.es, lir.an¢ial PQSition &nd surplus tsr déf1Cit of FO FIES-, FORGE T gATRE COMPANV, You consider that FOREST FORGE THEATRE COMPANY is exempt tTOrn tha glatutory audit reau¥remeni fDr the yt)Ar. Wè h8v@ not been inyirutted to carry out 8n gudit or a review of the &ccounrs ot FOP.EST FORGE THEATRE. Foc this reason, wp not verified the Bccurgcy oc comple18ness of rne a¢¢outtLing re¢oids or inforrnation and e&plopation$ you givon to us and-wft do not. l*ereforp. exprèss any opinion on the staturar¥ accounrs. Janlce Willij FCCA Cloud E'je'en Jtr.countanls - Trading ol El¢ve11 Co.n8ulting Ltd D3ie 23_10.24
FOREST FORGE THEATRE COMPANY (A company limited by guarantee without share capital) INDEPENDENT EXAMINER'S REPORT FOR THEYEAR ENDED31 MARCH 2024 Independent examiner's report to the trustees of Forest Forge Theatre Company I'the Company") I rèport to the charity trustees on my examination of the accounts lor the Company for the year ended 31 March 2024. Responsibilities and basis of report As the charity's trustees of the Company land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accord8nce with the requirements ofthe Companies Act 20061'the 2006 Act'l. 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 exa mination. I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 20111'the 2011 Act'l. I n carrying out my examination I have followed the Directions given by the Charity Commission under section 145151 Ibl of the 2011 Act. Independent examiner's statement Since the Company's gross income exceeded £250,000 your examiner must be 8 member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a mefnber of ICAEW IFCAI, 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: accounting records were not kept in respect of the Company as required by section 386 olthe 2006Act' or 2. the accounts do not accord with those records. or 3. the accounts do not comply with the accounting requirements DI section 396 of the 2006 Act other than any requi rement that the accounts give a 'true and lair view which is not a matter considered as part Df an independent examination- or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice lor accounting and reporting by charities, in accordance with the 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. Teresa Rogers BFP FCA Director 21 November2024 L5
FOREST FORGE THEATRE COMPANY IA company limited by guarantee without share capit81) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAA ENDED 31 MARCH 2024 Ilncluei ng lfjcorr.o ar,d Expenditurg Account} Statement of Flnancial Actlvltles Unra8trlctèd funds Reslrlcted fund• Totsl 2024 Not Incorno ond ondowrnents From.. Donatlono ond legacles Chaiitable ac tivilies Otlitsr fradin£ 8ctNTtle.8 Invgstmèrtt ir come 15.863 37,508 40,724 56,587 37,508 150 39 39 Othpr inr.nmE. 274.741 27.4 74t Total Incom 328,301 40.724 369,025 Expendhure on: Raisinglunds Chsrttable kntiwtie$ 12,999 183,352 17,999 215,048 31.696 Totol Expendttur•- 1%,351 31.696 228,Q47 N*3t income 131.gSQ 9,028 140,978 Tra&fr$ b¢e¢0 funds Nel rv.o¥emeni In fup.ds e¢onGS1i8tSon ol fuhds TotBI lunds brought forN8rd Tot31 funds carried forward 3e9,965 488,905 18.939 27.967 375,894 518,872 20 16
FOREST FORGE THEATRE COMPANY (A comp8ny limiled by guarant88 withoui share capit811 2023 Unrestrlcted fund5 2023 Restrlctod lund8 Tota I 2023 Prior year Noto InGome Bnd Endowments From: DonAtions and 18gac198 Ch8ritBble actilieS Ot17ei tiediDg ectNTtleg Inwvstmenl income Othér. In¢om 2.037 20.499 22,536 46,340 46,340 106 106 4.060 4,060 TotAI Income 52,543 20.459 73.042 Exp•ndlture on: R¥ Ising funds Gtr.aritgble Actjvnles ,013 133,188 7,457 142.845 TotBI Expendttur•: 146,201 7,457 153,6$8 NJ)t Income Transfeis between (unds Net movement in fun.ds 193.8581 13.(142 180.6161 RKon¢lll3tlon ol funds Total funds bruught forJr(l TotBI funds cafTied lorward 450,613 356,955 5,897 18,939 456,510 375,894 Thé Subternent ol linan.ci&l aeliviries includes 811 gains and lossès r@cognised in Ihe year. Ali ineoma and expenditure derlve from cantinuing BCtiwtie$. Tha 8iatement ot financial a¢tivliies also cornFlies with the requlrernents for an iTrc¢me aftd experFdilure accaunt under the Compgnies Act 2Q. 17
FOREST FORGE THEATRE COMPANY IA company Umlted by gu8r8ntee without Share capit81) BALANCE SHEET AS AT 31 March 2024 Bal8nco Shoet 2024 2023 Nota FIXED ASSETS Tansible assets 14 19.197 19.197 456,459 CURRENT ASSETS Debtor3 15 10,129 6,207 C&5h at bank8Nd in hand 504,498 514,627 6.332 12,539 CREDITORS: amounts foulng du wlthin one year 16 116,9521 156,4331 NEf CURRENT ILIA81LITIES ASSETS 497,675 145,8941 Toial &8S4tg l•*J c•Jrrant 1tr8billti68 518.872 410.565 Crèdltors: amounts faiung due after more than oTta yeor 17 134.671 NEf ASSETS 516.872 375,894 FuTrds of tho Charlty: Regtri¢ted income fund3 27,967 18.939 De3iKnatFJd funds 4B3,OOQ LJnr&stTr Icted lunds TOTAL FUNDS 5.90S 516,872 356,9RS 375,894 18
FOREST FORGE THEATRE COMPANY IA company limited by guarantee without share capital) BALANCE SHEET (continued) AS AT31 March 2024 The charitable company is entitled to the exemption from the audit requirement contained in section 477 ofthe Companies Act 2006. for the year ended 31 March 2024. The Trustees acknowledge their responsibilities for ensuring that the charitable company keeps accounting records which cornply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of aff airs of the charitable company as at the end of the financial year and of its incoming resources and application of resources. including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as a pplicable to the charitable company. The members have not required the company to obtain an audit of its financial statements for the yeai in question in accordance with section 476. These financi81 statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved bythe Trustees on 26 November 2024. Dr M Bentinck (Chairl Trustee Registered Number: 01787316 Charity Registration Number.. 289644 19
FOREST FORGE THEATRE COMPANY IA company limited byguarantee without share capital} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 1. Accounting Policies Charity information Forest Forge Theatre Company is 8 private charitable company limited by guarantee incorporated in Eng18nd and Wales. The Registered Office is First Floor, Pintail House, Duck Island Lane. Ringwood, Hampshire, BF124 3AA. 1.1 Accounting Convention The financial statements have been prepared in accordance with the charity's governing document. the Companies Act 2006 8nd"Accounting and Reporting by Charities.. St8tement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportingstandardapplicable in the UK and Republic of Ireland IFRS 1021" las arnended for accounting periods commencing trom 1 January 20161- The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken adv8ntage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepafed in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the neare8t pound. 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 Going concern Ai the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. A8 Stated in the Trustees, Report, in order to provide sufficient cashflow for the foreseeable future the Trustees elected to sell its propety. The free c88h reserves resulting from this will provide financial security for the foreseea ble future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial st8tement8. 20
FOREST FORGE THEATRE COMPANY (A company limited by guarantee without sh8re c8Pltal) Chafltablo lund8 Unfestri¢led tunds 8re &18ilabl8 for use ai the discretion of th8 Trustaes iri funheronc8 of their chafitable oolectNes unless the funds havè bÈ4Jn desi8nAted loi other purpose8. Oesignared lund8 Bre unr8stilcted fund9 whlch h&ve beon earrnatked lor a particulai purpose, within the object8 Ot the charitable company by the fwstoes. Restdcted funds 91¢ subiecr lo gpocih"c conditions bydonofs as tc ho%v they m8y ba used, The pvrposes end u¥8s ol the re3lr4cied funds are sei wt In the notes io the financial $t8iomerkt5. In¢oMln£ resourc•• Income 15 reeognised when ihe chaiity ig lègally enlitled to after sny pèrfomance condition¥ have bepn mel, th6 grnounis can be me8sJJiod reliably, and it Is probAblo that incomo will be rec8Ned C4$h donations 8rè r8cognised on ft)ceipt. Oihvr donations are recogtkised once ttr,e charlty has b8Èn notif led o( Ihe don8ti on. unltsss oerfofmafi ce condilifjns iequire dèltsryal of Ibe mount. Incofflo tax iécovorable in r81giion to dtshrf)tions rEceivad undef Gift Aid 01 Oeed9 01 covenant is iecoKnised St the Iirn¢ ol tlié donalion. Incomv Irom grants. Whther 'CaPIt31' grants Of ' r¢vènue' grants. is fecognised whi..n the charity has efititle1efjt to the rnds, athy pcrtorrnBf7ce conditions atlached to IhÉ gran15 h&4È been rpet, il ..9 probable that the Inco¥r..o wlll be received. and the 8mount can be moasufed TellblY Bnd is noi defeired. Resourc•& 8xponded Ligbilitlos are re¢ognised as expenditure soon 95 thefg ts a logal or con8tructiYe o)Iigalion corn.mitting the charity tcj tP,al expandire. it Is prots8bly ihat a transfer of oconomic baNefit3 will tse required in settlemeni and the amount of the obligation can bÉ4 me8sufF3d reli8biy. Exgendilure IS accounied foi on Bn accruals basiy 3ftd has been elassified under he.adi ngs that aggf¥88ie all cost Telatad to rhe ¢ale80ry, WF.ere costs cannot be directly 8ttribut&d to ooitcular héading they have been 8llo¢aied to activities on a basls consistent w¥th use of rèsoL'rces. Tan<iblÈ flx64 a99gts Taftgboie fixed asséts ace I nitially mea8urp.d at cost and yubsèquently rnoasLf8d at cost 0¢ valuation, net DI depreci81ion And any irDge4rment10s8e$. Depreciation is f9cognised so as to wriie off cosl or valuation of 8sset$ i&ss their rpsidual vglu88 over th•r useful livp$ on the following basés., Asset Ci8SS Leasehold Land Jnd ku¢ldings Fixwros and fittings CornputE)fS Moror vehicles Leasehold Improvem8nt3 Doprn¢latlon method and rgte 5irai8ht line over 150 yet)rs 20 on reducing balance bg$i¥ 33% on str81ght lina b8S1S 21396 on reducin,g bala nce ba815 16,67 strglght line basls 21
FOREST FORGE THEATRE COMPANY IA company limited by guarantee without share capital) NOTES TO THE FINANCIAL STATEMENTS (continued) Tho ga3n Of loss arislng on the disp0381 of an 8SSet 18 4etgrmirtéd as the diffiience between the salb proceeds and the carrying vBlue of ihe 89gPt Rnd IB recogni8ad In not Incomel 18xpendiiurel lor th8 year, Impalmiènt of Ilxéd asset5 t each rewortiDg end date, the Charity rLWièWS the cafrying amounts of its tangible assets to det&riTinÈ whether there 18 8ny tndlcjticn that thosÉ a5[8 havo sutfeied Bn impBiTment loss. If any such indic8tiorr exists, the recovprBble 8mount of thé asset Trg eslirDated In order to dLThiermine Ihe extent of the impairment loss lif any). Caih #nd c4sh oqulvalents Cash ane. r4sh equw#lents includ8 cash in hand, dop08its held at call with banks. other short. tefv, Isquid Ir.vestment8 wilh origyn41 mAtli Iiiies of thr@e moiiihs or le83, and bank overdrafts. Bank ovartt 3ft5 Qre shown within buiroviirig9 In turrènt bilIties, Flnan¢lal Instrumonts rile charily has eivcled to Rpply Ihe provigionq ol Section l 1 '8asic Fin.ancial Instruments and ¥¢1sori 12 '0ter inancial Instruments153ues of FRS 102 to all ol Ils financial Instruments. 1.1 O Employè• bonaflts The cost ol any unused holiday eniitlemeni Is recoqnised In the peridd In which t.e emcloye¢'s spryices &re ."pcpwee. eTmin8iion benefits gre recogn1spd immediately as wnen th.e ch.3riry',s detronstrBbly committed to Terminate rhe employment of an employeo or io piovide teimrn4tion O.enefitS. 1.11 Rtttiremenl benefrts Pa%/monts to dbTrfined contribut10n re£lment ber8fil Sthemes are charged as 8n expen8e as thay fall duè_ Critical accountlng è8t1rnat and ludgemont$ In ihe applitatlon of th8 charir<5 &ccounting oolicies, the Trustees ar¢ requ irad io Make judgemenig, asiimates 8nd assumptions about Ihe c8rrying 8mount ot 89S9ts and tiabilitl88 thRt B re not reedily apparefit liom oihor Soufces. The esti mates and 883oci8te(1 gs$umpilcns afe based on historic.8 l experience anc othèr la¢iors thai are considered ro be celev8nt. A¢iu&l iesults may diff er from these gStimate$. The estimate$ and underly?n8 as$umpiion8 ère reviewed ort an ongoing b8Si8, Revisi0fi8 to 8cooL'niiDg estimaTes are re¢ogni8ed in ihe perpod In whicn estim.ate IS revised whefe the rgvlsion al8cts ofily th8t period. or in rhe period of the r2v151cn and lutuie periods N¥hore :fre ray"i.%ion atte¢t3 b6Eh current ar,d future periods. 22
FOREST FORGE THEATRE COMPANY (A company limited by guar8ntee without share capital) Tho annu81 depraciatlon chafg818 Candered wrth reference io the estimated v$étul econornic livgs and residtsal valLte of th8 88sets. The useful economic lives 3nd rp$idual values ?ro ro_4s¥ess¢d annu811y. Income recognition is considered with reference lo the 8er¥ice level agreemenl. gtant 8greément or tsthor supporting documentation, to gngure cut off Is corroctly 8tat8d at th8 point of entitlement. AIIo¢gtion ol to$iÈ ara considofed and allocot8O accordingly between dirt, $upport W¥ihin the welevani caiggory. There werp. no other key sourcès ol esrnation uncertaintyorjurtgernanty. 3. Don8tloni ènd Graftt* Unr•8til¢iod Restrl¢ted fLtrndg Tol•l 2023 TDt812024 onaiions 10,863 s,ooo 11,968 44,599 2,037 20,499 Grants 39.599 Others 1S.863 40.724 56,587 22.536 4. Chorltablo ?¢tivltles Chartt•bl• Chodt•bie ¢tlvltla$ 2023 2024 PToduGtion 6.8Q8 2.578 Creati¥B Le3mrng 30,699 J7.9)7 43.762 46.34 23
FOREST FORGE THEATRE COMPANY (A company limited by guarantee withoLrt share capit811 S. Othqrtradlng actlvttloj Unr88tr1ct•d fund• Totffjl 2023 Tot•1 202A Frlenils Schème 150 150 6. Invetstments Untotrlcted lundg TotBI 2023 Totg12024 Interast receivabio And slmll•r In¢om• Intèrtt r&¢o*vJ)4¢ 39 39 106 7. Oth•f income Unrestrlctod lund8 Tolhl 2013 Ttstal 2024 Rental Ejnd hFrè incorTÈ! 1630 4.06¢J Sundni Ir.¢omg 2S5 255 272.856 272,8¢6 274,741 4,06Q 274.741 4,060 B. RalglngFund8 Unrvstrlct•d lunds GanarHI Restrlctad Funds Tot31 2024 Total 2023 Lwdiru.on raistng lunds SLJndrle8 IArkering OTheT luTrdf418ing G05t5 SIBff cost5 612 12 12,387 12.939 12.387 12.999 10,463 11,013 24
FOREST FORGE THEATRE COMPANY {A company limFt8d by guarantee thout share capital) NOTES TO THE FINANCIAL STATEMENTS (contlnued) 9. Charltablt ActlvltJ• DesGrlpllon Craatlv• Learnlng 2024 Produ¢tlo 2024 Other Costs 2024 Totol 2024 Total 2023 Staff cogt3 Prgdu¢tiin costs FreelBnc8 lee8 M?r8iing Sngulance Rateg and walgr P05t8ge and 5t3IIDnery Tel¢pb041¢ ComDui¥r costs Mainisynance costs Moior Ir8vel SL,bscripihJns S15ndrie3 ItL.i:ntlonal support Total S0,J75 7 3,230 13,972 512 1.118 4,611 430 12,388 62,763 1a,23Q 13,972 l.Q24 2,236 9,222 B61 53.509 7.986 8.G93 512 2.a£O 5,826 262 4,6'.1 431 2.0fj2 3.682 5.528 .3.781 236 2,063 3,b82 5,528 4.095 235 4,125 7,3 11,OSf 7,8Y6 471 918 1.418 2.716 5.458 $66 168 11SQI 11501 1.7as 35,122 Shale ol gupport ¢Q3t3 1588 note 101 12.gu 8,857 12,263 ,0 42.763 Shdro ol 8fJvernoncvJ ¢OoTrlS 46,016 46,016 ,293 Isee rot8 101 43.979 215,048 142.645 Analy•iA by lund Uniestii¢ted fund$ Restiictad funds 81.244 31.6 112.940 43,979 D8.129 183,35 31.696 215,D48 135.188 7,457 142.$45 S8.129 25
FOREST FORGE THEATRE COMPANY (A company Umited by guarantee without share capital) 10. Support co B4slJ of Support Cot8 G¢v•m•n¢• Costs Totsl Totol 2023 gllo¢atlon 2Q24 St3ff co%'.s 7,432 3.334 1,552 1,024 2,236 7.432 3,3 1,552 8,925 892 635 2,381 Ffeelilll-'"c4 ItJ•)s Markti,Ig In8ur8iicE 2.236 COrllt)UfB." COSIS E tSiJc4fJC.n81 SLPPOn SLppon coits he&(JiTrg 8 Su'nQr'.es 8¢¥r,k cbarg#s 12.852 12.852 10,419 14501 145Ql 5,115 1,000 3,568 1,515 iooo 3.SB4 3.J23 1.110 3,588 1.515 ro*5.840rI 4S.018 ,18.016 8.293 34.063 48.Q16 BQ,079 51.056 51.056 activrties 48.016 8Q,079 GovemarKe costs 1nGludes illd6poftdonr &xairinoiion.8 loes of £680 and &c¢ount3rN.cy=osts ol E1.93912Q23 - £2.6711. 26
FOREST FORGE THEATRE COMPANY {A company limited by guarantoe Wrthout sh8re capir811 11. Net ma¥•m8nt In funds Npt mt)vement in lunds 15 8f8tèd 8ftBf Chargin (crédrtln81: rotsl Total 2023 2024 Doprèelotion tsl tgngible fixed Dssots 8,926 12. Trustegj None ol Trusiees lor ony oerson3 connected with tharnl feco¢wod Èny ion¥unèfation or ellS trom L0 charlly during the ye&1. 13. Employoeg Numbor of èmploy••8 Tho 8w?rage montlily of einployee$ duFing yèBr was., 2024 2028 Empioyrngnt costs 2024 7S.800 5,509 I.C84 2023 65,1 1,100 W3gBs Jnd saior-.ei Sociol security costs p•nsl¢n coszs 82A03 70,JS1 TherE'ere no Effpployoos whos8 afinual remuner8lion vmg É60,¢>)O more. 27
FOREST FORGE THEATRE COMPANY (A company limited by guarantee without share capital) NOTES TO THE FINANCIAL STATEMENTS (continued) 14. Tangible Fixed Assets Leasehold land & buildings Leasehold improve- ments Fixturès Motor Vehicles Computer Equlpment Total Fttlings COST At beginning of year 528.157 105,174 3.350 36,567 673,248 Disposals 1528,1571 1528.1571 Additions 5.361 759 377 6.497 At end of yegr 5,361 105.933 3.350 36,944 151,588 DEPRECIATION At beginning of year Disposals 87,732 90,512 1.978 36,567 216.789 187.7321 187,7321 Charge for the year At end of year 59 2,983 274 3,334 59 93,495 2.2S2 132.391 NET BOOK VALLIES Asat31 March 2024 5,302 12.438 1,098 359 19.197 Ag at31 March 2023 440.425 14,662 1.372 4S6,459 28
FOREST FORGE THEATRE COMPANY (A compAny limited by gu8ranree without share capital) 15. O•btors AmoLsn13 falllng due wlthln ono y¢or. 2023 Tr8(le debtN¥ 360 OthFr debtors 250 PrepAyments ond accrued income 5,841 5,597 10.12B 6.207 16. Credliors: amour¢ts fèlllng due wlthln oné yotr Note 2024 2023 Bank loans 18 5.404 OthBr borrowngs Otl.4r iaxa114)n anJ sociol soc."urlty Tr4de ciedilors 18 2.000 2.099 8.118 18.321 Other creditors 6,967 6.074 Acciu81s Artd dr0d Income 4471 16.9S2 58.433 17. Cre<lltOfS: amounts talllng due after morn than ye8r 4otE43 2024 2023 88nk lo8 34.671 34.67 1 29
FOREST FORGE THEATRE COMPANY (A company limited by guarantee without share capital) 18. Loans and overdrafts 2024 2023 Bank loans DirectDr's Loans 40,075 14,000 2,000 2.000 54.075 Payable within one year Payable after one year 19,404 34,671 Amounts included above which fall due after live years= Payable by instalments 23,093 Bank loans incurred inter&st at 2.50% per annum, tixed for the duration of the IDan. The loan was fully repaid during the year. 19. Retirement benefit sGhemes Defined ¢ontributlon s¢hemes The ch8rity Dper8tes a defined contribution pension scheme Iof all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. The charge to profit or loss in respect ol delin&d contribution schemes was E1.09412023 - £711. 30
FOREST FORGE THEATRE COMPANY (A company limited by guar8niee without share capital) NOTES TO THE FINANCIAL STATEMENTS (continu8d) 20. Ratrl¢tèd Fund The incorr,e fund.% ol the ch.llfity Includo restriGled fup.d¥ cornprising th91011(Ing Unexrd0d bJl&nces ot ttcndtions 8p.d Rr8nt3 lTr£ld TTUSt lor specific purpose8-. 8418n¢o Incomlng reJource R8BOUlfeS FJxpind¢d 1 Aprll 2023 31 MDrch 2024 RestTlrt8d Fund Children In Need 2023 8.939 18.9391 Hamoshira County CG4JncII 4,7SO 19301 3.820 Jis Council Er,gl&gd 14.850 151 14,845 Chlldien In Need 2024 9,999 1697) 9,302 Ne.w Forest Diytrict Council 10,Cl)O 10.CthI 120.CQOI Arti3ly developtr.pnts donat20ns 1.725 Tot•1 FuTrd$ 18,939 4Q.724 131.8961 27,967 The Childr#n In Need Ciants. relate 10 mon:L8 rece IO 8d In Ine proviyior) ol dr8m4 kvt)rkyttops and gloup thearra lor ctrJildrort young wopl+) liom settle(J and IravelLor comrp.uftive9_ New Fc.Ipsi Dl$trlct Ccuncil GfOnt.q Wre receivod rowaids capir£l ¥rkS. Cofe ILnds 3nd genèlal uildin 8 ¢o$t¥ 8n(J been fully gpent in the year. Ham¢shire County Cou11 Grgnt r8lated to lunding toweids a new ogramrné ol drama woikshops lor ¥dults wtth.:e8rnin8 di%pb41itieg. Arty Council EneLBnd Grant reLo# LO El8v8fo work experierncé. 31
FOREST FORGE THEATRE COMPANY IA company limited by guaranteo without shhre c8Pltall 8&l•r B4ian¢¢ Trsnsf•(s In Trartsl•r¥ out l April 2023 31 Mar¢h 2024 De$lgnatod and Unr¢¥trlcted Fund$ Fore3t Focse Ern¢r8ency 5Q.OtrJ 5Q,000 Str818gic d£livcry fund 18Q,OGYJ 30, Ji 00 ".10.CJ Maint2nAnce. 18cdities. arid c4pit81 repl8cemen fund Specidl piOi*rts ryo,000 20.QOO Youih fho01i0 Buv$8ry 5,000 5,QOO Visual Identify and wp.ti$ite refresh 2Q,OQG 20,OQQ New buil¢ing lknn 178,000 178.000 Unr8sinct8d hJnds Unresirict8d lund5 6.955 131.950 1483 0) I,d83.IXOI 5.905 Total Fund5 6.955 ST 4.950 488.gQ> 32
FOREST FORGE THEATRE COMPANY IA company limited by guarantee without share capit811 21. Analy819 of n•t •8Mts b•twaon fundg 2024 T¢t4l 2024 Totsl 2023 Fund3 balances at 31 March 2024 arg 18PT¥Selltgd ty. T8ngibla asaet9 Currenf asseTs/lli8bllltlesl Long rgrm Lidbillids Total not I1$ 19.197 469,708 19,197 497.675 456,4S9 IAS.8941 134.8711 27.967 488.905 27,967 516,872 22. Op¢ratln8 lease commltments At thb IPsporling tsnrt dale The chfiiity hAd ouT3tgnding commitments lor f5JtL"re rninimurn leos¢ Payfrenrs unde¢ non-c&n¢elloble operaling teg¥e¥, which Fall due BS follow3.. 2024 2023 Wiibin gre yegr Grviiter tx$n or9 ar 83,767 23. RBl8ted party transttctlons RmunérttS¢n ol key ninag¢rnent personnql Tht rorTr)Uii413T.n of ktry m&n4sJnent ¢fgonTr81 as Follcthw3 2Q24 2D23 relate compenststkon 75.800 87.260 Ihp rMe tTknStees prowded short tBirn loans ro the cTrarity tOTalling £2.CQO The loan was rep&,,d In tu41 n April 2024. Th¢ 108n pre'djustY pit)vidod by Truutovs vt £14,QIJO was reFaJ(J aurlng the 33