Re¢i8rered NiJmOer.' 01787316 Charily Regislralion Number: 289644 FOREST FWRGE THEATRECO. FOREST FORGE THEATRE COMPANY IA company limited by guarantee without share capital) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Registered Office Address.. First Floor, Pintail House, Duck Island Lane. Ringwood. England. BH24 3AA
FOREST FORGETHEATRE COMPANY IA company limited by guarantee without share Gapital} Table of Contents Reference and Administrative Details..... Trusrp.e< Report Aicountants report........ Iiidependent Examiner's report . Statement of Financial Activities Balaice Sheet...... Nlotes to the Financia, Statements 14 .20
FOREST FORGE THEATRE COMPANY IA company limited by guarantee without share capital) REFERENCEAND ADMINISTRATIVE DETAILS Trustees M5. S Fullerlove (Chairl Ms. V Briggs Ms. L Smith-Head Mr. M Wilson Mi. J Swyer Mr. DMS Waugh Ms. J Taylor Secretary Ms Kwhenray Charity Regisiration Number 289644 Company qegistration Number 01787316 Principal Address First Floor Pintail House Duck Island Lane Rin.cYWOO Hampshire BH24 3AA Registered office First Flooi Pintail House Duck Island House Ringwood Hampshire 8H24 3AA Accountant Cloud Eleven Accountants 12A Stanford Rd Lymington Hampshire S0419GF Independpnr Elaminer Tee accounts TIAOn fhe Spot Tax Rosehill House Sr Austell Cornwall PL26 7BA
FOREST FORGE THEATRE COMPANY IA company limiled by guarantee without share capitall TRUSTEES REPORT(INCLUDING DIRECTORS REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their report and financial statements for the year ended 31 March 2025. ObJ•ctiv•s and activlti•s Forest Forge Theaire Company's charitable objective is to proeuce and iour theatre production< and to Pfovide a comprehensive participatory prograrnme, to advance education or to encou.age Involvemenl In ihe ans. Foresi Forgp's mission is: Forest For80 uses Iheatre 10 find the extraordinary in the ordinary. 3ased In the New Forest, our work acrosc touring productions. participation and artist developn)ent helps make and build onnections between people. spafks joy ano encourages personal shifts In perspeciive and experience. The company achieves lis charilable objectives and lives up to Its mission by delivefing three strands of work: Touring Theatre Forest Forge creates flexible theaife productions that Can be enjoyed in a range of venues ffom village halls to studio theatres, non.thealre spaces ano outdoors. All iouring productions celebrate the Iradition of oral Siorytelling and engage audiences regardless of their background or experience. Panicipation Forest Forge's successful participarion programme (previously Creative Learning) allows people living within the New Forest the opportunity to take part In theatre making activities. Working with people of all ages, backgrounds and levels ot experience, the programme shares and ¢elebraies Forest For8e's ethos and practice. Artist Oevelopment Forest Forge's Artist Development programmes exist to develop and supporl the fuiure o theatre making In the New Forest. Forest Forge deliiiers Its mission and chaiiiable obiectives through the delivery of a Business Plan has been developed by the Irusiees, leadership team and with carelul consideiaiion 10 the Charity Commission's 8eneral guidance on put)Iic Oenefil.
FOREST FORGE THEATRE COMPANY IA company limited by guarantee withoLJt share capital) Review of the Year: 2024-25 Touring Our touring work and howwe approach it. became a focus for the company throughout the year. We spent time discussing and planning howto re-engage with the touring networks and creating fleet of foot theatre for the region. A Christmas Carol- produced, creared and toured 25 Oates in the New Forest. Hampshire. Wiltshire and Oorset. in co-production with BumbleFly Theatre and Mischievcus Theatre. 'Your Inventiveness and creativity in retelling this classic story weie moving and inspiring. Each time l experience A Christmas Carol. I find something new to appreciate. and your rendition wa5 one ofthe best. The puppetry and shadows. combined with the tender storytelling. moved me to tears. Thank iou foi bringing such magic and joy and uselul lessons for us all." Audience member Suitcape Stories- Jack and the Beanstalk- produced. createe and toured our new fleet of foot one person show to 15 shows to libraries and schools. 'captivated the audience. pitche(J just righi. professional performance" Participation Our pa rticipat on programrnes continued to be a key focus and ran ttr roughout the year in Ringwood and across the New Forest. All our participarory 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 priorilised over the success of the individual. It is underpinned by our heartfelt. playful approach. informed an¢J underpinned by a commitment to telling stoiies and celebrating the New Forest. The programme included.. Forest Forge Youth Theatre In 24-25 we engaged 64 children and young people in 30 weekly youth theatre sessions. These sessions focus on ensemble theatre and use our anistic ethos. lo enhance and enrich the lives of oarticipants. Feedback from sessions include(F: "Dedication, passion. overarching care of the students and cieating an incredibly rich. knowledÉeable and boundless space fof the kids to be included. nurtured and supported. create the most wonderful plays and memofies for beyond Ihat, friendships are niade and lives enhanced" Youth Theatre pafeni
FOREST FORGE THEATRE COMPANY IA company limited by guarantee without share capital) In July all the participation groups performed Tales from the Forge In the gardens at the Waldorf School, tealuring afound 100 performers from our Saturday Drama Clubs, Youth Theatre. Act Your Age. Branching Oul, Young Company and Waterside Draffla Club. There was a guest performance from Tales lor an Unruly Audience by Lung and a Half Full. 'B1g thanks to everyone lor rhe Stupendous organisation involved In the day. 01 the perfoimances I saw, all were wonderful, the scripls, the choreography, Ihe skills ol the youngsters. That didn't lust happen by iisell but th rough the amazing foresighi of Lucy, Jo and all the backup team.. participant and performer Waterside Drama Waterside Drama Includes two weekly drama se8sions al the British Legion in Fawley and are iargeie(J to those living on lower incomes and with a Jarticular locus on engaging the settled Iraveller community in the district. Sessions are deli iered for fr&e thanks lor funding from Children In Need. This funding finished In March 2025. Discussions about the way forward are underway. Act Your Age Act Your Age 15 our weekly drama sessions lor adults age 55+ In 24-25 we held 30 sessions and engaged 15 Individuals. They were working towar(Is an Improv performance. Feedback from the group included= 'It's the highlight of my week" Piloted Waterside Act Your Age fDr 5 weeks with between 4 and 10 participants. To Lontinue i n summer 2025. Game Game is a weekly session ler adults, offering the opportunily to engage In ioyf ul, active drama games. Within the year we held 30 sessions and achieved a footprint 01200 pariicipants. Branching Out Branching Out. weekly drama session lor adults Wlth learning diff icullies. in partnership with Blue Apple Theatre, we delivered 30 sessions over the year 10 11 pariicipants. Feedback has included.. 'She really loves the drama sessions. li's been amazing for her contidence and I think It can really help her speech development. In addition, we Irialed afternoon 8ranching Oul sessions al Siurts Farim in Ferndobwn with 12 participanis lor 20 sessions. Schools and Educaiion Throughoul 2024-25 we continued lo deliver £1 lull and varied progranime In Neb%' Foresi schools and educational establisMme,'I1s. OI1LJr Ilip 4/ecil OUI £PS%IOI)% IiiL L1 .1 Pcl"IIc Ipini fooip)rint JI Q4if!I 500, Wlllli a rLIII4
FOREST FORGE THEATRE COMPANY IA company limited by guarantee without share capital) After School Clubs al Ringwood junior School and Weston Downland Primary School, and a pilot term ai Burley Primary School engaging 96 children across three terms. An Advanced Theatre after-school programme at Ringwood Secondary School. engaging 40 young people across 10 weeks. Producing and delivering elevate with 17 young people. 2 paid Assistanis and 4 creaiives, performing 9 shows to 3 schools. Becoming the Patron for Theatre at Arts University Bournemouth and running Applied Theatre sessions at Ans University Bouinemouth as part of the BA in Acting course. Two sessions for Moorlands College- Circus Skills and Stage Fighting as part of their summer residential programme. engaging 60 young people. We began delivering weekly curriculum and GCSE drama sessions at New Forest Small School, a culmination of several years of partnership and trust buil(ting- Workshops for Godolphin School scholars weeKen(J. 7 sessions lor Priestlands school providing choreog."aphy lor their performance of Adams Family- engag";ng 140 Siudenis per sessicn. Devising workshops for Bourne Academsy GCSE and A level classes. 6 sessions as pan of a partnership witn Wakey WakeyArts ai three target schools In the Dorsei area. "lo was able to maintain safe boundaries whilst creating a space for the children to grow. panicipate. gain personal Insight and have fun. It w85 amaziig io witness how the children seemed to evolve over the course ol rwo day5,. they appeared to have grown so much in such a short period of time., (Lizzie Clark. Trainee Eoucalion Mental Health Practitioner, Dorset Healthcare NHS Trust) Community In 24-25 we dèlivered a range of commun.'ty participatory sessions including= Creative design worksmops as part ol the HAF programme al Si Barbes Museum. Movemenr sessions for Arts Work as part of the Neurodive¥sily programme at Forest Arts Centre 'Drama Game. sessions for 120 childien loi Ihe'Energise Me. activity day in Iinchester. 6 Workshops as part of rhe Hampshire LiDraries HAF Prograrnme. A Slorytellirng session as pari ol a pilot Hom8 Education programme at Forest Ans Cenire. Gave mentoring and recording space lor Cullufe in Commons Poeiry piece We also pro'iided enteriainment as part of rhe Ringwood Carnival pronioiing rhai ypar's Chfisrmas shovi- A Chr,'srmas Carol
FOREST FORGETHEATRE COMPANY IA company limited by guarantee without share capital) Artist Development In 24-25 we continued to support local artists and theatre makers in the New Forest by.. Faci111ating and supporting our Young Company, a group of emerging theaiie makers aged 18- 30. Throughoul year we provided weekly sessions tor tme group work together to develop their own artistic practice leadirig to a performance. This yearwehad acore groupo17-10. We launched THE FURNACE-our Artist Development Network. We committed to hosting lermly meetings as a space lor local creatives to connect and share ideas- Each Tneeling reached capacity 0130 and Ihe network as over 70 members. Within the',ear we supporte(l a number ol companies and projects via mentoring. dramaturgipal suppori, directing Dr providing studio space. These included: [0 'Fort' by Dorseiborn theatre- rehearsals and preview. An Arts Council funded project that went on to tour. 'Becoming Simone, R&D Jhase by Liz Garland in partnership with MAST Mayflow,er studios. 'The lane Austen Fan Club, R&D phase by Vic Briggs and Lucy f4ellors- Arts Council Funded. Throughout the year, Forest Forge continued lo work in gartnership and advocate tor cultural activity across the New Forest, working closely with Folio and Culture in Common. Stru¢ture, Staffing and Financial Resilience In 2024-25, the company benefited from continued consultant support from Sophie Fullerlove. who provided creative consultancy and strategic guidance during a period of transition. This ensured coniinuity of leadership and sector expertise w.hile the organisalion undertook recruitment lor a new permanent Execulive Director. Irs March 2025, Kealy Whenray was appointed lo the role, bringing renewed capacity and stability lo the core team. The Board and staff worked collaboratively to embed stronger governance practices and to sustain creative omenium throughout the year. The organisation continued to strengthen its business planning and financial resilience. Work progressed on Ihe 2024-27 Business Plan, with an emphasis on improved processes, streamlined vision, robust financial Planning, and clearer lorecasiing 10 suppoit long-term susiainability. These developments are designed to safeguard tne conipany's lutiire security while alloviing Il to focus resources more effeciively on delivering high-qualily creative work and deepening Its Impact with communiiies and partners. Public Benefit Foresi Forge underta,'(es all ils work lor the pulIC benelil.
FOREST FORGETHEATRE COMPANY (A company limited by guarantee without share capital} The Touring Theatre strand of work sees the charity create and tour the8tie to rural venues, enabling people to see professional theatre in a local venue at subsidised ticket prices. This enriches the lives of people living in the New Forest, Hampshire. Dorset and Wiltshire. It provides accessible performances, lostei knowledge, education and recreation. to those who may not otherwise be able to access theatre due lo barriers including geography, transport, finances. background or neurodiversity. By touring theatre to village halls and fural venues the charitable company also brings isolated communities together and encourages community cohesion. The Participation Programme provides transformative experiences foi people at every age of life. By taking par( in drama and theatre workshops, members of the public benefit from improved health and wellbeing, neiv friendships and a feduction in loneliness, and enhan,=ed confidence and social skills. All sessions are developed lo be as accessible to everyone. with prices kept at around 50% of the price of commercial operators in the region. Our Artist Development strand supports the education and development of emerging theatre makeTS in the New Forest. It also helpe add value io established artists. This Sirand of work increases the availability of theatre and theatre-making opportunities in the New Forest and surrounding region and supporting the creative ecology in the region. This enables the public to benefit from a,Is and cultural activity and its benefits now and in the ruture. 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 Structure Forest Forge Theatre Company is a charitable Company limited by guarantee, incorporated on 30th January 1984 and registered as a charity with the Charity Commission. The charitable Company was estat)lished under a Memorandum of Association which details the objects and powers of the ¢h8rit8ble company and is govei ned under its Articles of Association. 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 of Association has been deemed lit for purpose by the Independent Theatre Council. Flnan¢lal Revlaw Restricted income for th8 year was £73,044. with an a(Jditional carry forward of E27,967 from 2023-24, with £53,011 of restricted expenditure in the year. The remaining reslricted funds of £48.000 is 8 grant from Trailfinders towards the Elevate project 2025-27, which was brought forward for delivery in 2025.26. In 2024-25. the total income for the charity was £202,487 with expenditure of É270,880. This resulted in a deficit of £68,393. This deliclt Wa5 anticipated and forms part of a planned
FOREST FORGETHEATRE COMPANY IA company limited by guarantee without Share capital) approach to support organisalional Iransition. Funds were allocated from the Strategic Delivery Fund, Maintenance. facilities and capilal Teplacement fund and Visual Identlty and Website fund in the previous year to ensure this was fully covered. Net asseis of the charity now sit at £448.479, with unrestricted funds of £400.479. £240,000 remains investe(J In high-lnterest, non-accessible investments, providing a new Income st", eam ail d further supportingthe long-term susiainability of the company. Reserves Policy Tho Trusiees of Forest FoTge Theatre Company aimi lo maintain reserves to support the delivery of the charity's objectives and work and to minimise.-Isk to the organisation. To protect the charity and plan for the future the Truotees agreed on a new reserves policy which Is ', eviewed annually. Te companies unrestricted designated reserves are allocated as follows: J Winding Up Costs Forest Forge holds ES0.000 of designated emergency reserves. This equates to six onths running costs. These funds are set aside for the security ol the company and lo cover any necessary winding up costs. in line with Charity Commission guidance. Strategic Delivery Fund (Planned Deficit Fund) Tle Trustees nave allocated reserves to support planned budget deficils 2024-25 and 202i-2026 as the charity builds back to a sustainable delivery and financial model. This reserve Is currently £124.793. Maintenance. facililies, and capital replacement fund Forest Forge has sei aside £30.000 for new equipment and the ongoing mainienance and suppot of the company van. This fund is managed in conjunction with the capital replacement plan which is upijated annually by the Trustees. In 2024-25 8 total of £7,314 was spent resulting in a new total of £22,686. Special Projects £20,000 Is sei aside for special projects Ihat the Trustees agree will advance the arlistic policy of the company, help to achieve its mission, public benefits and suppori the company linancially. Proposals for use of this fund can be macle by Ihe staff ieam to the Trustees at quarterly meeiings. Youth Theatre Bursary Fund Forest Forge Theatre holds £5,000 of ringienced funds 10 supporl youth Imealre members via a bufsary sctteffle. This lund mi1y i)e suppleinenled by gfcinis and public donations. Visual Identity and Websiie Refresh In order to deliver te new business plan and pul Ilie organ,sation in the L)est place to serve ils beneficiaries ihe company requ,,¢es a refresh ol ils visual Ideiiily and websile. io
FOREST FORGE THEATRE COMPANY IA company limited by guarantee without share capital) The trustees set aside E20,000 lor this work, which was completed In 2024-25. with the reseNe now closed. New Building Fund £178.000 is designated to a new building fund to support the company in the acquisition of a new premises. At the end of each financial year, any surplus will be designated by the Trusiees across the funds described in accordance with the need ol the charity ai that time, informed by ihe business plan. capital replacement plan and charity risk register. Risk Management The Trustee5 have developed a new Risk Management plan which IS reviewed at quarterly board meeiings.11 assesses and seeks 10 rllitigate the risks lo which the charity Is exposed, including fi iancial, operational, anisiic and reputaiional risks. A key risk ic.entilied is the long-term financial sustainability of the oiganisation, with a new business plan developed with the key aim to returning the organization 10 a breakeven position. Policies. procedures and insurances are in place to reduce the risks in area5 including Health and Safety, safeguarding and data protection. Future Plans Forest Forge's priority in the short term Is lo embed its new business plan and structLJre io begin to turn around the financial position and reputation of the company. Key activities will Include: Delivering new and improved programmes of touring theatre includind Suitcase Stories, Christmas Show and a return to UK rural touring networks with a new show In 2025-26. Develop lunher partnerships within the Artist Development network focusing on MAST, AUB and Folio. Developing the quality ol our PartiClP81ion programme driving increased engagement numbers and earned Income. The development of new fundraising and income generation plans. including applying for Theatre TaA Relief for eligible productions. A new 8pproach lo advocacy and communications, with a locus on raising the profile ol the organizalion among regional decision makers and stakeholders. li
FOREST FORGE THEATRE COMPANY IA company limited by guarantee without share capital) Trustees The Trustees, who are also the directors for the purpose of company law. and who served during the year and up to the dale of signaiure ot the financial statements were: Ms. N Ratcliffe Wilson Dr. M Bentinck (Chairl Ms. G Gould Mr. M Wilson Ms. V Briggs Ms. L Smith-Hoad Mr. J Swyer Ms. J Taylor Mr. DMSWaugh Mr. MI Wilson Ms S Fullerlove IC iairl (Resigned 31 March 20251 IResigned 31 March 20251 (Resigned 31 March 20251 IAppointed 25 April 2024 (Appointed 10 July 20241 (Appointed 10 July 20241 (Appointed 22 January 20251 IAppointed 22 January 20251 (Appointed 22 January 20251 (Appointed 25 April 20241 (Appointed 1, April 20251 All Trustees are proposed. seconded. and appointed by the Board and hold Off ice for three years before re-election. All Trustees are required to sign confirmation of their ability and willingness ta act in line with The Charity Commission's guidance T.le Essential Trustee ICC31 and The Good Governance Code. 12
FOREST FORGE THEATRE COMPANY IA company limited by guarantee without share capital) Statement of Trustees, re$ponsibllltie5 The Trustees. who are also the directors of Forest Forge Theatre Company for the purpose of company law, are responsible for preparing the Trustees, Fleporl and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Geneially Accepted Accounting Practice). Company Law requires the Trustees lo prepare financial slarements lor each financial year which give a true and fair view of the stale ol aff airs ol the charity and of the incoming resources and application of resources. including the income and expenditure, of the charitable company for that year. In preparing these financial statements, Ihe Trustees are required lo.. select suitable accounting policiJs and then apply them consistently,. observe the methods and principles in the Charities SORP.. make judgements and estimates that are reasonable and prudent- and prepare the financial staiements on the going concern basis unless il is inappropriate to presume that Ihe charity will continue in operation. The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy al aiiy time the financial position of the charity and enable-.hem lo ensure that the financial statements comply with the Companies Act 2006. They 8re also responsible for safeguarding the assets ol the charity and hence for iaking reasonable steps lor the prevention and detection ol fraud and other irregularities. The Trustees, report was approved by the 8oard ol Trustees. Ms S Fullerlove Chair Dated.. 15" October 2025 l3
FOREST FORGE THEATRE COMPANY IA company limited by guarantee without share capital) ACCOUNTANT'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 Report to the Trustees on Ihe preparation of the unaudited statutory financial Statements of FOREST FORGE THEATRE COMPANY In order to assist YDU lo lulfil your duties under the Conipaiiies Act 2006, we have prepared lor your approval the financial statements of the company which include, the profit and loss accounts the balance sheet and the related notes from the company, accounting records of FOREST FORGE THEATRE COMPANY for the year ended 31 March 2025 as set out on pages 16 . 18 from the Company's accounting records and from information and explanations you have given us. As a practising member of the Association of Charlered Certified Accountants. we are subject to Its ethical and other professional requirements wliich are detailed at IlyoagIO0£?.clM}YkIeIdbo_Ut-uS1LeguldLlQ_IrUIeo_0Ok. hrnil This report Is made solely to the charity trusiees of FJREST FORGE THEATRE COMPANY. as a botty, in accordance with the terms of our engagement letter dated 24 April 2024. Our work has been undertaken solely to prepare for your approval the accounts of FOREST FORGE THEATRE COMPANY and state those mallers that we have agreed to state to the Trustees of foREST FORGE THEATRE COMPANY as a body in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed al-. ilQS.'./I.?.cC8£IQbal.ComIcQnteQT1um1ACcLGtoIauTecbniCal/fCrItf-1S3-lrn-24.pdt To the fullest extent permitted by law, we do not accept or resume responsibility to anyone other than FOREST FORGE THEATRE and its Board of Trustees as a body for our work for this report. It is your duty to ensure that FOREST FORGE THEATRE COMPANY has kept adequate accounting records, and to prepare staturory accounts thai give a true and fair view of the assets, liabilities, financial position and surplus or deficit of FOREST FORGE THEATRE COMPANY. You consider that FOREST FORGE THEATRE COMPANY is exempt from the st8tuiory au(Jit requirement lor the year. We ha'ie not been Instructed to carry out an audit or a review of the accounts of FOREST FORGE THEATRE. For this reason, we have not verified Ihe accu racy or completeness of tne accounring records or information and explanations you have given 10 us and we do not. therefore, express any opinion on the statutory accounts. Janice Willis FCCA Cloud Ele'ien Accounianis Lid Datp l O, Ociober 2025 IJ
FOREST FORGETHEATRE COMPANY IA company limited by guarantee without share capital) INDEPENDENTEXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 Independent examiner's reportto thetrustee5 of Forest ForgeTheatre Companyl'the Company") I report to the charity trustees on my examination of the accounts for the Company for rhe year ended 31 March 2025. 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 lor the preparation ol the accounts In accordance with the requiremeiils of the Companies Act 20061'the 2006 Act'l. Having satisfied myself that the accounts ol the Company are not required 10 be audited under Part 16 of tje 2006 Aci and are eligible for independent examination. I report in respect of my examinati04 of your charity's accounts as carried out under seciion 145 ot the Charities Act 2011 1.the 2011 Act'l. In carrying out my examination I have followe(J Ihe Directions given by The Charity Commission under section 1L5151 Ibl of the 2011 Act. Independent examiner's statement Since Ihe Company's gross income did notexceed £250,0yOUr examinerdoes not need to be a member of a body listed in seciion 145 of the 2011 Act. however I confirm that l am qualified ro undertake the examination because l am a member of ICAEW IFCAI, which is one of the listecl bodies. I have completea my examination. I confirm Ihat no mattefs 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 of the 2006 Act-. or 2. the accounts do not accord wilh rhose records: or 3. the accoun'.s do not comply with Ihe accounting requiiements ol section 396 ot rhe 2006 Acr Other than any requiiemeni thai the accounts givè a 'lrue and faif view which Is not a matter considered as part ol an independeni examination: or 4. rhe accounts have nol been prepared in accordance wilh the methods and principles of thp Slaiement of Recommended Practice for accounting and ieporiing by charities, In accordance with the FRS 102. I have no concerns and have come across no other mailers in conneclion with the examination lo vvnich aiteniion should be drawn In this report In older lo enable a proper unoerstanding of rhe accounts lo be reachecl. 6lkngolJ Teresa Rogers 8FP FCA Director 14" October 2025 15
FOREST FORGE THEATRE COMPANY IA company limited by guarantee without share capital) STATEMENT OF FINANCIAL ACTIVITIES FOR THEYEAR ENDED 31 MARCH 2025 Ilncluding Income and Expenditure Accounti Statement of FinancialActivities Unrestricted funds Restricted funds Total 2025 Note Income and endowments From: Donations and legacies Charitable activities Other trading aciivities Investment income 63,283 62.604 155 73.044 136,327 62,604 155 2,598 803 2,598 803 Other incorne Total Income 129.443 73,044 202.487 Expenditure on: Raisingfunjs Charitable Activities 10,606 207.263 10,606 260.274 53.011 Total Expenditure: 217.869 53.011 270,880 Net income Transfers between funds 188.4261 20.033 168,3931 Net movement in funds Reconciliation of f und$ Total funds brought forward Total funds carried forward 488,905 400.479 27,967 48,000 516.872 448,479 19 16
FOREST FORGE THEATRE COMPANY IA company limited by guarantee without share capital) 2024 Unrestricted funds 2024 Restricted funds Total 2024 Prior year Note Income and Endowments From: Donations and legacies Charitable aciivities Other trading actVIlIeS Investment income Other income 15.863 37.508 150 40,724 56.587 37.508 150 39 39 274.741 274,741 Total Income 328.301 40.724 369.02i Expenditure on: Raisingfunds Charita ble Activities 12.999 183.352 12.999 215,048 31,696 Total Expenditure: 196.351 31.696 228,047 Net Income Transfers between funds Net movement In funds 131,950 9,028 140.978 Reconciliation of funds Total funds brought forviard Total f unds cafried lorward 356,955 488,905 18,939 27.967 375,894 19 516.872 Thp statempnt of financial activiiies Includes all gains and losses recognised In the year. All income and expenditufe deii'ie Iroffl continuing acliviiies. The statempnt ol tinanpial acrivifies also complies with tne 18quireinenis loi ali Inconie cqnd pxpefjditijre accouni u ndpr ihe Conipanies Aci ?006. 17
FOREST FORGETHEATRE COMPANY IA compai)y limited by guarantee without share capit8l) BALANCE SHEET AS AT 31 March 2025 Balance Sheet 2025 2024 Note FIXED ASSETS Tangible assets 14 17,722 17.722 CURRENT ASSETS Debtors 15 21.406 10,129 Cash at bank and in hand 422,503 443,909 504.498 514,627 CREDITORS.. amounts fallingdue within one year 16 113,1521 116,9521 NET CURRENT ILIABILITIESII ASSETS 430,757 497.675 Total assets les$ Current liabilities 448,479 516,872 Creditors.. amounts falling due after more than one year NET ASSETS 448,479 51ti,872 Funds of the Charity: Aestflcted income funds Unrestricied Funds Designoled Funds 48,000 27,967 5,905 J83,000 400,479 TOTAL FUNDS 20 448,479 51ti,872 Ib
FOREST FORGE THEATRE COMPANY IA company limited by guarantee without Share capital) BALANCE SHEET (continued) AS AT 31 March 2025 The charitable conip2rny is enlilled lo the exemption from the audit requirement contained In section 477 01 the Companies Act 2006, lor Ihe year ended 31 March 2025. The Trustees acknowledge their responsibilities for ensuring thai the chariiable company keeps accounting records which comply i14ilh section 386 01 the Act and lor preparing financial statemonts w'hich give a true and fail view of the state of affairs ol the chariiable company as at the end ol the tinancial year and ol Ils incoming resources and applicaiion ol resources, Includiiig lis Income and expendilure, lor the financial year In Jccordance with Ihe requiremeiits of sections 394 and 395 anij which otherwise comp'.y with the requirements ol the CompGnies Act 2006 relating lo financial siatements, so far aL? appiicaole to the charitable company. The memb ir5 have not required the company to obtain an audit o", ils financial starements for the year in 4ueslion in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Trustees on 15" October 2025. Ms S Fulleriove (Chairl Trustee Registered Number.. 01787316 Charily Regisiration Number-. 289644
FOREST FORGE THEATRE COMPANY IA company limited by guarantee without share capital) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1. Accounting Policies Charity informatlon Forest Forge Theatre Company is a private chariiat)le company limited by guarantee incorporated in England and Wales. The Registered Off Ice Is First Floor, Pintail House. Duck Island Lane, Ringwood, Hampshire. BH24 3AA. 1.1 Accounting conventlon The tinancial slaiements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "Ac¢our)ting 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 an(1 Republic of Ireland IF"RS 1021" las amended for accounting periods commencing from 1 January 20161. The charitr,I Is a Putr)Iic Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP lor charities applying FRS 102 Updaie Bulletin 1 not to prepare a Statement ol Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the charity. Moneiary amounts In Ihese financial statements are rounded to rhe nearest pound. The financial statemenis have been preparecl uncler rhe historical cosi convention, modified io Include the ;evaluaiion of freehold properties and to include investment properties and certain 'inancial instruments at lair value. The principal accouiting policies adopted are sel out oelow. 1.2 Going concern At the time ol approving the financial stalemenls, the Trustees have a reasonable expectation that W1th the conlinualion of rhe approved transitional business plan, the charity has adequate resources to continue In operational existence lor the foreseeable future. 20
FOREST FORGE THEATRE COMPANY IA company limited byguarantee without share capital) 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance ot their charitable objectives unless the funds have been designated for other purposes. Designaied funds are unrestricted funds which have been earmarked lor a particular purpose, within the objects of the charitable company by the Trustees. Resiricled funds are subject lo specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Ineomin8 resources Income is recognised when the chaiity is legally enriiled to It after any performance conditions have been mel. the amounts can be measu¥e(I reliably. and It15 probable that Income wil,: be received. Cash donations are Tecognised on rectsipi. Oiher donations are recognised once the charity has been notilied of the donation, unless pertormance cond1tions require deferral of the amount. Income lax recoverable in relalion lo Oonations received under Gift Aid or deeds of covenant is recognised at the time ol lie donation. Income from grants, whelh.er'capital' grants or'revenue. gfants. is recognised when the chaTIty has enlitlemeni to Ihe funds. any performance conditions attached to the granis have een met. it is probable that the income will be received. and Ihe amount can be measured reliably and is not (ielerred. Resources expended Liabilities are recognised as expenditu"e as soon as there is a legal or consiructive obligation committing the charity to that expendilure, It is probably thai a Iransler of economic benefits will be required in settlemenl, and the amount of Ihe obligation can be measured reliably. Expenditure is accounteii for on an accruals basis and has been classified unde,- headings that aggregate all cost related to the category. where costs cannot be dii ectly attributed lo panicular he?.ding they have been allocated lo activities on a basis consisteni with the use of resources. 1.6 Tangiblefixed assets Taigible fixed assets are Initially measured at CQSI and sut)sequenily measureo at cost or valuation. nei of (iepreciation and any Impairment losses. Depreciation Is recognised so as to wriie off the cosi or valuation of assèts les5 their residual values over rheir useful lives on the following bases-. Asset Class FIxiLJres and fillings Computers Motor vehicles Leasehold Improvemenis ol the lease. Deprecialion method and rate 20% on reducing balance basis 33010 on siraighl line basis 20% on reducing t)alance basis 16.67Vo srraight line basis in line with the life
FOREST FORGE THEATRE COMPANY IA company limited by guarantee without share capital) NOTES TO THE FINANCIAL STATEMENTS (continued) The gain or loss arising on the disposal of an assei is determined as the difference between the sale proceeds and the carrying value of the asset and Is recognised In nei incomel lexpeiiditurel for the year. Impairment of fixed assets At each reporting end date, Ihe charity Teviews the carrying amounts of its tangible assets to determine whether there is any Indicaiion that tkose assets have suffered an Impairment loss. If any such ind1cation exists, the Tecoverable amouvi ol the asset Is estimaied In order to determine the extent of the impairment IDSS lif anyl- Cash and cash equivalents Cash and cash equivalents Include cash in han(J. ijeposits held at call w1th banks. other short- term liquid invesiments with original maturities of tfiree montns or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liatjililies. Financial inslruments The charity has elected to apply the provisions of Seciion 11 'Basic Financial Instruments. and Section 12 '0ther Financial Instruments Issues. of FRS 102 to all of its linancial instruments. 1.10 Employee benefits The cost of any unused holiday entitlement IS fecognised in the period In which the employee's services are received. Termination benefits are recognised immediately as an expense when l*e charity is demonstrablycommitted to terminate the employment of an employee or to provide te,'mination benefits. 1.11 Retirement benefits Payments lo ctefined contribution retirement benefit schemes are charged as an expense as Iney fall due. Critical accountingestimates and judgements In the application of the charity's accounting policies. the Trustees are required to make judgements. estimates and assumptions about the carrying amount of assets and Iiabilitieg that are not readily apparent from other sources. The esiimaies and associated assumptions are based on historical experience and other faciors that are considered to be relevant. ActLial results may diff er from these estimates. Tne esr",mates and underlying assumptions are reviewed on an ongoing basis. Revisions to accou nti ng esiimates are recognised in the period In wnich Ine estimate Is revised where trie revision affecis only thai period. or In the period ol ihe revision and lulure periods where the r¢iJision aftects both current a rbd liitijro oerio(Js.
FOREST FORGE THEATRE COMPANY IA company limited by guarantee without share capital) The 8nnual depreciation charge is considered with reference to the estimaied useful economic lives and residual value of the assets. The useful economic lives and residual values are re-assessed annually. Income recognition is considered with reference lo the service level agreement, grant agreement or Oiher supporting documentation. to ensure cut off is correctly slated at the point of entitlement. Allocation of costs are considered and allocated accordingly between direct, support within the relevant category. There v.'ere no other key sources ol estimation uncertainty orjJdgemenls. 3. Donations and Grants Unrestricted funds Restricted funds Total 2024 Total 2025 Donations 3,483 S2,244 20.800 55.727 11,988 44.S99 Grants 59,800 80.600 Others 63,283 73,044 136,327 56.587 4. Charitable activities Charitable activities 2025 Charitable activilies 2024 Production 3,764 6.808 Creative Learning granching Out arned IIicgrne-Touring Theatre 38,788 1,120 30.699 18,932 62.604 37,507 23
FOREST FORGETHEATRE COMPANY IA company limited by guarantee without share capitall 5. Other trading activities Unr•slricted funds Total 2024 Total 2025 Friends Scheme 155 155 150 6. Investments Unrestricted funds Total 2024 Tot412025 Interest receivable and similar income Interest receivable 2.598 2.598 39 7. Other income Unrestricted funds Total 2024 Tota12025 Rental ancj tr.5re sncome 800 1.630 Sun(Jry Incorne 255 Other Income 272.856 803 803 274.741 8. Raising Funds Unre$tri¢t$d funds General Rtsstricted Fund$ Total 2025 Total 2024 EnLlilu,'e on rBJsiD lun¢s Sundrips Marketing Otypr tunrtra..sing cosrs Siaff rcsls 475 475 612 10.131 10,606 10,131 10.606 12.387 12.999 NOTES TO THE FINANCIAL STATEMENTS (continued)
FOREST FORGE THEATRE COMPANY (A company limited by guarantee without share capital) 9. Charitable Activities Descrlptlon Creatlve Learnlng 2025 Productlon 2025 Other Costs 2025 Total 2025 Total 2024 Staff costs Production costs Freelance fees MaTketing Insurance Rates and water Postage ano stationery Telephone Computercosts Maintenance costs Motor and tra,e{ Subscription3 Sundries Erlucational support Total 41,199 51,211 15,799 7.537 1.146 650 10,131 2,159 51,330 53.370 15,799 15.074 2,292 1,300 62.763 13,230 13,972 1.024 2.236 9.222 861 7.537 1,146 650 1,193 2,175 16.797 662 225 355 1,194 2.175 16.798 717 224 356 2.387 4.350 33,595 1,379 449 711 4,125 .384 11,056 7.876 471 918 11501 134.968 138.949 43,087 182.036 Share ofsupport costs (see note 101 14.993 10,258 14,204 39.455 34,064 Share of governance costs 15ee note l 01 38.783 38.783 46.016 Share of Other C05tslsee note 101 153,942 53.345 52.987 260.274 215.048 Analysis byfund Unrestricted lunds Restricted fun¢J$ 100,931 53,011 153,942 53.345 52,987 207.263 53,011 260.274 183.352 31,696 215,048 53,345 52,987 25
FOREST FORGE THEATRE COMPANY IA company limited by guarantee without share capital) 10. Support cosls Total Basis of Other Support Costs Governance Costs Total 2025 2024 allo¢atron Costs Staff costs Depreciation Freelance fees 6.079 4,853 1,625 15,074 2.291 7,432 3.334 1.552 6,079 4.853 1.625 Marketing Insurance Mainteii ance and computtsr cost5 Educational suppon Support costs heading 8 Sundries 15.074 2,291 1.024 2.236 12.852 6.478 6,478 14501 1,000 2.770 2.770 3.568 Bank charges Legal and professional RecrLltment 285 285 1.515 37.888 895 37,888 895 46.016 39.455 38,783 78.238 80,079 Analjsed tietween C1arir8glp 39,455 38.783 78.238 80,079 26
FOREST FORGE THEATRE COMPANY IA company limited by guarantee without share capital) 11. Net movement in funds Net movement In funds Is staled after charging/ Icreditingi". Total 2025 Total 2024 Depreciation ol owned langiL)le fixed assets 4,853 3.334 12. Trustees None of the Trustees lor any persons connected with them) received ary remuneraiion or benefits from rhe cnarity rluring the year. 13. Employee$ Numberofemploytres The average monthly number ol employees during the year was. 2025 2024 Employment¢ost$ 2025 2024 Wages and 58laries Social securipj cosis Other pension cos15 60,580 5,595 75.800 5.509 1,354 1,094 82.403 67.529 There were no employees whose annual remunerationwas £60.000 or more.
FOREST FORGETHEATRE COMPANY IA company limited by guarantee without share capital) NOTES TO THE FINANCIAL STATEMENTS (continued) 14. T•ngible Fixed Assets LeasehDIO improve- ments Flxtures Motor Vohicles Computer Equlpmeni Total Flttings COST Al beginnirlg ol year 5.361 105,932 3,350 36,944 151,587 Disposals Aoditions 3.378 3.378 At end of year 8.739 705,932 3.350 36,944 1>4,965 DEPRECIATION Ai beginning ol year D15?0sals Cyargeforthe 59 93,495 36.585 132,390 2.020 2,487 220 126 4.853 At end ofyear 2.079 95,982 2,472 36,710 137,243 NET BOOK VALUES As at 31 March 2025 6,660 9.950 878 234 17.722 k= 2t31 Marc• 5.302 12.437 1.098 359 19,197 15. Debtors AmoiJr.i% lull.fj8 dup 'Nithin onp year.. 2025 ?0?4 Tfa(Je dpt)t¢rs 5.275 Otfr,pr detrJtrJrs 9,698 Prppa'iment8 and ?ff fcfupd Incr m 6,433 21,406 10.129 28
FOREST FORGE THEATRE COMPANY (A company limited by guarantee without share capital) 16. Creditors: amounts falllng due wlthln one year N¢t•# 2025 2024 8ank loans 17 Other borrowings Qthar t8xation 8r)d social security Trade creditors 17 2.000 2.811 4.878 2.099 8.118 Other creditors 264 Accruals and ¢efeTred incorne 5,463 4,471 13,152 16,952 17. Loans and overdrafts 2025 2024 Bank loans Director's Loans 2,000 2.000 Payable within one year Payable after one ye8r Amounts includecf above which fall due after live years: P8yable by in$talments Bank loans incurred intefest at 2.5096 per annum. lixed for Ihe duration of the loan. The106n vi88 fully repaid during the year. 18. Retlr•m•nt ben6flt •ch•m•s Deflned contrlbutlon •¢heme¥ The charity operates a deflned contributlon pension 8chema lof all qualifylng amploy•83. Tha assets of the scheme are held sep8r8tely Irom those of the ch8rity In an Indep6ndonily admlnlstered lun(t, The charge to profit or loss in respect of deflned contribution 8chomes was £1.35412024- £10941. 29
FOREST FORGE THEATRE COMPANY IA comp8ny limited by guarantee without share capital) NOTES TO THE FINANCIAL STATEMENTS (continued) 19. Restricted Funds The Income funds ol the charity include restricted lund5 compr151ng the following unexpènded L781ances ol donations and graiits held on trust Ioi specific purposes.. Bolance at 1 April 2024 Balance at 31 Marcb 2025 Incoming r&soufCèS Resources expended Restricted Funds Clevate- ARTS Council England 14.845 1,650 116.4951 levaie- Art5 University Bournemoulh 2a0 12001 Elevate-lnoividual Doner WDrdsmitns-Individual donations 48,000 48,000 889 5,000 Wordsmilhs-Energise Me 15.0001 ampshiir County Council- Br8nching Out 3.820 13,8201 Now Forosi Distiici Council- TO1rd dvor 12.450 112,450 Cp,Idrpg iri Neec 2024 Ne'i4 ¢ancp floor- Energise Me 9,302 19.3021 11.5001 1500 Ariists devplopments donations 3,355 13.3551 Totol Fund$ 27.967 73,044 153,0111 48.000 Tkp nniioien In Need Grants. ielaie lo monies received lo aid iii the piovi&ioii ol dratna worksl)ops and 2fQUQ thoatrp iifjik Irjr riiilrtren and young people from spltled giypsy dn(I Iiavellei coinmuiiilies. t4p.pi forr,si D,tslrirt Coun(.'Il Grani£ wpre received lowoids capilL11 work.8, COIB lunds aiid ge118fKII l)uil(Jing crJSI'j,')n(J has l)ppn lully %pf:ni In Ih? yecll 3LI
FOREST FORGE THEATRE COMPANY IA company limited by guarantee without share capital) Balance at 1 April 2024 Balance Tr8nsfery Tran9fers OLtt 31 March 2025 Designated and Unrestricted Funds Forest Forge Emèrgency reserves 50,000 50.000 Strategic delivery fund 180.000 155.2071 124, 793 30,000 17,3141 22,686 Maintenance. lacilit1es. and capital reDlacement furTrd Special projects 20.000 20,000 Youth Theatre Bursary fund 5,000 5,000 Visual Identitv and website refresh 20,000 120,0001 Nowbuildingfunrj 178,000 178,000 esignaied Funds n,'estricted funds 483,000 182,5211 188.4261 117J,9471 400,479 5,905 82,521 Total Funds 488.905 82,521 400.479
FOREST FORGE THEATRE COMPANY IA company limited by guarantee without share capital) 20. Analysis of net assets between tundy 2025 Unrestricted 2025 Aestri¢ted Total 2025 Tot81 2024 Funds balances at 31 March 2025 are represented by-. Tangible assets Current 8ssetsllliabilitiesl Long term Liabilities Total net assets 17,722 382.757 17.722 430,757 19,197 497.675 48,000 400,479 48,000 448,479 516,872 21. Operating lease Commitments At the reportip,g end date tlie charity had outstanding commitments for future minimum lease payments under non-cancellable operattng leases, which fall ttue as follows.. 2025 2024 Within one year 28.150 111.717 17,950 83.767 Greater than one year 22. Related partytransactions Remunefation of key management personnel Thp rprnunerar'on ol ke/ management personnel is as follows. 202$ 2024 Aggfegate compensation 60,580 75.800 32
FOREST FORGE THEATRE COMPANY IA company limited by guarantee without share capital) 20. Analysis of net as8815 between fundy 2025 Unreglricted 2025 R•¥tricted Total 2025 Total 2024 Funds balances at 31 Morch 2025 are representerj by.. Tangible assets Current asselsllliabilitiesl Longterm Liabilities Total net assets 17,722 382,757 17,722 430,757 19,197 497.675 48,000 400,479 48,000 448,479 516,872 21. Operatingiease commitment5 At the reponing en(1 date tlie charity had outstandirFg commitments lor future minimum lease payments under non-cancellable operating leases. which fall dLse as follows.. 2025 2024 Within one year 28,150 111,717 Greater than one year 17,950 83,767 22. Related party trans8¢tions Remuneration of key management personn&l The remuneration ol keli management personnel is as follows. 2025 2024 Aggregate compensaiion 60,S80 75,800 32