2025-03-31-accounts

REGISTERED COMPANY NUMBER: NI025285 (Northern Ireland) REGISTERED CHARITY NUMBER: 102778

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Report of the Trustees and

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Unaudited Financial Statements for the Year Ended 31 March 2025

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Tinderbox Theatre Company

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M.B.McGrady & Co Chartered Accountants Suite 2B Cadogan House 322 Lisburn Road Belfast Co. Antrim BT9 6GH

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Tinderbox Theatre Company

Contents of the Financial Statements for the Year Ended 31 March 2025

		Page			:
Reference and Administrative Details		1
Report ofthe Trustees	2	to	5
Independent Examiner's Report		6
Statement ofFinancial Activities		7
Balance Sheet		8
NotestotheFinancialStatements	9	to	15	.

Tinderbox Theatre Company

Reference and Administrative Details for the Year Ended 31 March 2025

TRUSTEES Lisa McGinley (resigned 4/4/2024) Janine Marie Walker (resigned 10/11/2024) Sally Rees Lee Robb (resigned 26/8/2025) Rachel Leitch Matthew Jeffrey (resigned 20/12/2024) Chris Travers Michael Ford (appointed 2/1/2025) Patricia McTighe (appointed 2/1/2025) " Natalie Marianne Murphy (appointed 2/1/2025) REGISTERED OFFICE The MAC . 10 Exchange St, West Belfast Co. Antrim BT1 2NJ REGISTERED COMPANY NI025285 (Northern Ireland) NUMBER REGISTERED CHARITY 102778 " NUMBER INDEPENDENT EXAMINER M.B.McGrady & Co , Chartered Accountants Suite 2B Cadogan House , 322 Lisburn Road Belfast Co. Antrim BT9 6GH

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Tinderbox Theatre Company

Report of the Trustees for the Year Ended 31 March 2025

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

OBJECTIVES AND ACTIVITIES

Tinderbox

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We are an artist collective driven and shaped by artistic process for the creation of new performances and projects. We collaborate equally with artists, participants and audiences to create new and ambitious creative experiences. Tinderbox has received immense recognition for our productions and creative training programmes with participants and audiences alluding to the celebration of playfulness, imagination and empowerment for all. Tinderbox radically shifted its approach to artistic collaboration providing a space for all artists and participants to share and unite through live performance. We provided space for artists to explore multi- artistic forms to fuel their own practice. We have explored the dynamics of Play with 300 artists through the Play Machine programme and have facilitated workshops in schools, prisons and community environments.

The Vision

• Ignite the creative spark through artistic performances and projects.

• Champion creative process through development, training and performance programmes.

• Inspire collaboration with artists, audiences, participants and site-responsive spaces.

• Play with Freedom. Play with Integrity. Play with the creative process.

• Implement creative methodology and therapeutic approaches to enrich and inspire the creative process for everyone.

Mission Statement:

• Production: We devise live performances to challenge, provoke and inspire. We champion collaboration, inclusion and Innovation.

• Process: We work with the artistic process. We acknowledge the creative process of each artist and participant and create spaces to discover and champion authenticity.

• Play School: We deliver contemporary training in theatre making and devising at the Crescent Arts Centre. We manage the Makers Network where artists engages and practice across Tinderbox projects and platforms.

• Play for Change: We collaborate with artists, communities and audiences. We create a living space for artists, communities, audiences to connect and share stories with each other. We fight for Equality, Inclusion and Accessibility in society. ,

Values:

Transformative. Playful. Spontaneous. Truthful. Abandon. Collaboration. Necessary. Disruptive. Ignite. Spontaneous combustion.

History:

• For over thirty-six years, we have championed new writing, producing world-class performances from Northern Irish writers to critical and international acclaim. We are a leading player in creative innovation, experimentation and contemporary theatre.

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Tinderbox Theatre Company Report of the Trustees for the Year Ended 31 March 2025

• Since 2016, Tinderbox have explored the fundamental nature of performance practice; questioning structure and form, challenging conventional narrative and posing an alternative model of creative engagement with our current arts ecology. We believe that access to the imagination without restriction is the key to dynamic practice and performance and we have created multiple programmes such as Take Away Theatre, Play Machine, Engine and Fuel for everyone to access their unique creative individuality.

OBJECTIVES AND ACTIVITIES

Significant activities Achievements and Performance

In 2024-25, Tinderbox Theatre Company continued to deliver a dynamic range of artistic and developmental programmes, strengthening its impact on the theatre community and beyond. Key achievements included:

• May 2024: Tinderbox premiered I've always liked the name Marcus by Matthew Sharpe for the Cathedral Quarter Arts Festival at the MAC for 5 performances. The work also premiered at the Dublin Fringe Festival September 2025.

• June/July 2024: The HAP School, Incubate and Play Machine, a series of masterclasses in theatre-making, devising and well-being programmes were delivered at the MAC. 28 freelance artists participated in the programme.

• July 2024 - Tinderbox Associate Director Ciaran Haggerty participated in a residency in New York to write the next Tinderbox Production The Upside Down House. Creative Producer Alice Malseed and the Development Producer Louise Conaghan attended IETM in Sofia and The Gathering in Sligo to ensure Tinderbox's sectoral engagement was recognised in Ireland and Europe.

• October 2024: The critically acclaimed production Yerma, adapted by Patrick J O'Reilly, written by Federico Garcia Lorca premiered at the Lyric Festival for the Belfast International Arts Festival. The sell-out run premiered for four weeks and will now tour to Colombia in March 2026 for a seven performances at the National Arts Centre in Bogota.

• October 2024: Tinderbox delivered The Harmony Project, funded by the Arts Council Mental Health and Well Being programme. The project worked with young people in social care settings to explore the impact of creativity and well-being.

• December 2024 Tinderbox were invited to become the first Associate Theatre Company at the MAC Belfast. This required a re-location from the Crescent to the MAC in 2025, the creation of a brand new strategy for the Organisation and the opportunity to create a new vision for the Organisation. Alice Malseed and Louise Monaghan resigned from the Organisation. ,

• January-February 2025 - Ciaran Haggerty was appointed Creative Producer for Tinderbox as well as the appointment of two new staff members; Cliona Donnelly as Development Manager and Martin Ozarek as Graphic Designer.

• March 2025: Incubate Programme: Patrick J O Reilly facilitated the Incubate Programme with seven artists at the MAC. Incubate consists of Artist Development and the creation of new work and we are delighted to partner with the MAC Belfast on the creation of an artistic hub coinciding with the re-location as Associate Theatre Company.

FINANCIAL REVIEW

Financial position

Finances are managed on a daily basis by the Creative Producer. The company continues to run all projects on highly monitored budgets, which all break even.

The charity has set a policy of building reserves to a level that equates to 25% of annual administration overheads. This policy has been implemented as part of the organisation's risk reduction strategy and would be utilised in the event of a future shortfall in funding. The current level of unrestricted reserves is at a level well in excess of that required by the policy. ;

Due to the continuous rising costs of inflation, the company was unable to add to their reserves for the year 2024/25 however building reserves remains a target for 2025/26.

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Tinderbox Theatre Company

Report of the Trustees for the Year Ended 31 March 2025

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FUTURE PLANS

As we look forward to the next twelve months as the new Associate theatre company at the MAC, the trustees remain committed to fulfilling our mission to ignite creativity, inspire collaboration, and celebrate the power of live performance. We remain dedicated to fostering innovative artistic practices and creating opportunities for artists, audiences, and participants to engage deeply with the creative process.

In 2025/2026, our Artist Development programmes, Play Machine Training Programme, HAP School and Incubate will continue to equip artists with the tools to explore dynamic approaches to theatre-making, combining technical training with creative methodologies to enrich their practice. We will also support the development of emerging theatre-makers through the Incubate Network, providing mentorship, resources, and collaborative opportunities. This programme will culminate in the Incubator Festival, offering artists the chance to showcase new work and participate in vital conversations about the future of theatre.

During the year planned highlights include:

• The Incubate Festival at the MAC in April 2025.

• The Upside-Down House by Ciaran Haggerty as part of the Belfast International Arts Festival at the MAC. - New adaptation or Orwells Masterpiece Animal Farm in the Downstairs Theatre at the MAC, February 2026.

Tinderbox will also maintain its commitment to addressing urgent social issues through art. Partnerships with community organisations, such as Women's Aid, will continue to focus on using theatre as a tool for empowerment, education, and advocacy.

Through these initiatives, we reaffirm our commitment to the transformative power of live performance, ensuring that Tinderbox continues to play a vital role in shaping the cultural landscape of Northern Ireland and beyond.

Securing sustainable funding remains essential to Tinderbox's mission. We are committed to advocating for increased core funding while exploring diverse income streams and partnerships to support our ambitious artistic and community programmes. Strengthening our reserves remains a key priority to ensure resilience and safeguard the company's future, enabling us to continue igniting creativity and inspiring change through our work.

We are confident that Tinderbox is in a position to continue trading throughout the forthcoming year and beyond.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Trustees

The trustees who served the charity during the period were as follows:

Rachel Leitch (Chair from Dec 2023)

Sally Rees

Lee Robb (resigned Aug 2025) Chris Travers Michael Ford (appointed Jan 2025) (Treasurer from Jan 2025) Natalie Murphy (appointed Jan 2025)

Patricia McTighe (appointed Jan 2025) Lisa McGinley (resigned Apr 2024) Janine Marie Walker (resigned Nov 2024) Matthew Jeffrey (resigned Dec 2024)

The trustees are responsible for establishing and maintaining company policy and overseeing the management of its delivery.

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Tinderbox Theatre Company

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Report of the Trustees for the Year Ended 31 March 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Risk management

The trustees are responsible for ensuring that all Risk Management issues are managed by the staff of the company.

Management

Responsibility for the ongoing running of the company lies with the staff team, managed by the Trustees. The staff are responsible for ensuring that planned services are delivered according to company policy, that key indicators are met, and that agreed procedures are operative.

Approved by order of the board of trustees on 9 December 2025 and signed on its behalf by:

Rachel Leitch - Trustee

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Independent Examiner's Report to the Trustees of Tinderbox Theatre Company

I report on the accounts of the company for the year ended 31 March 2025, which are set out on pages seven to fifteen.

Respective responsibilities of charity trustees and examiner

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

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

• examine the accounts under Section 65 of the Charities Act

• • follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act
• • state whether particular matters have come to my attention.

Basis of the independent examiner's report

I have examined your charity accounts as required under Section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.

My role is to state whether any material matters have come to my attention giving me cause to believe:

1. That accounting records were not kept in accordance with Section 386 of the Companies Act 2006 2. That the accounts do not accord with those accounting records

2. That the accounts do not comply with the accounting requirements of Section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities | preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland

3. That there is further information needed for a proper understanding of the accounts to be reached.

Independent examiner's statement

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

I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.

Y Ohne Hu Cvey,

Seamus McLernon The Institute of Chartered Accountants in Ireland

M.B.McGrady & Co

Chartered Accountants 322 Lisburn Road.

Belfast BT9 6GH

9 December 2025

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Tinderbox Theatre Company

Statement of Financial Activities

for the Year Ended 31 March 2025

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|||||||||| |---|---|---|---|---|---|---|---|---| |31/3/25|31/3/24| |Unrestricted|Restricted|Total|Total| |fund|funds|funds|funds| |Notes|£|£|£|£| |INCOME AND|ENDOWMENTS|FROM| |Donations|and|legacies|2|1,499|67,210|68,709|67,212| |Charitable|activities|4| |Charitable|64,344|129,928|194,272|210,642| |Investment|income|3|109|-|109|108| |Total|65,952|197,138|263,090|277,962| |EXPENDITURE|ON| |Charitable|activities| |Charitable|9,351|268,516|277,867|243,117| |NET|INCOME/(EXPENDITURE)|56,601|(71,378)|(14,777)|34,845| |Transfers|between|funds|.|14|(71,378)|71,378|-|-| |Net|movement|in|funds|(14,777)|-|(14,777)|34,845| |RECONCILIATION|OF|FUNDS| |Total|funds|brought|forward|86,323|17,500|103,823|68,978| |TOTAL|FUNDS|CARRIED FORWARD|71,546|17,500|89,046|103,823|

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The notes form part of these financial statements

Tinderbox Theatre Company

	;		Balance Sheet
			31 March 2025
				31/3/25	31/3/24
			Notes	£	£
FIXED ASSETS
Tangible assets			10	2,306	3,035
CURRENT ASSETS		,
Debtors			11	21,800	25,633
Cash at bank and in hand				69,924	88,405
				91,724	114,038
CREDITORS
Amounts falling due within	one year		12	(4,984)	(13,250)
NETCURRENT ASSETS				86,740	100,788
TOTAL ASSETS LESS CURRENT
LIABILITIES				89,046	103,823
NETASSETS				89,046	103,823
FUNDS			14
Unrestricted funds				71,547	86,323
Restricted funds				17,499	17,500
TOTALFUNDS				89,046	103,823
The charitable company is entitled to exemption from audit under Section 477 ofthe Companies Act 2006 for the year
ended 31 March 2025.
The members have not required the		company	to obtain an audit of its financial statements for the year ended
31 March 2025 in accordance with Section 476 ofthe Companies Act 2006.
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

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

The trustees acknowledge their responsibilities for

• (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

• (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each 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 applicable to the charitable company.

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

The financial statements were approved by the Board of Trustees and authorised for issue on 9 December 2025 and were signed on its behalf by:

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Rachel Leitch - Trustee

The notes form part of these financial statements

Tinderbox Theatre Company

Notes to the Financial Statements for the Year Ended 31 March 2025

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1. ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Financial reporting standard 102- reduced disclosure exemptions The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’:

¢ the requirements of Section 7 Statement of Cash Flows.

Income

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

Expenditure

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

Tangible fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Office Equipment - 20% reducing balance Computer Equipment - 25% straight line

Taxation

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

Fund accounting

The company has various types of funds for which it is responsible and which require separate disclosure. Definitions of the various types of funds are as follows;

(a) Restricted Funds

Grants, donations and other income received which are earmarked by the funder or donor for specific purposes. Such purposes are within the overall aims of the charity.

(b) Unrestricted Funds

Funds which are expendable at the discretion of the directors for the general purposes of the charity. Transfers from unrestricted to restricted funds are made to cover the remaining costs incurred for specific projects which have nol been met from other restricted monies.

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Tinderbox Theatre Company

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

1. ACCOUNTING POLICIES- continued

Hire purchase and leasing commitments

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Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

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

1. DONATIONS AND LEGACIES

		31/3/25	31/3/24
		£	£
Donations		1,500	-
ACNI ASOP Grant		67,209	67,212
		68,709	67,212
INVESTMENT INCOME
		31/3/25	31/3/24
		£	£	.
Bank interest receivable		109	108
INCOME FROM CHARITABLE ACTIVITIES
		31/3/25	31/3/24
	Activity	£	£
ACNI Programming Funding	Charitable	41,600	41,600
Grants /Trusts	Charitable	90,328	107,073
Box Office Belfast	Charitable	30,875	37,205
Other income	Charitable	31,469	24,764
		194,272	210,642

Included in other income of £31,469 (2024: £24,764) is £13,550 (2024: £10,967) relating to Theatre Tax Relief claims in respect of the year ended 31 March 2024.

1. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

	31/3/25	31/3/24
	£	£
Depreciation -owned assets	729	1,186
Otheroperatingleases	15,470	12,386

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Tinderbox Theatre Company

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Notes to the Financial Statements - continued for the Year Ended 31 March 2025

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees’ remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees’ expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

7. STAFF COSTS

The average monthly number of employees during the year was as follows:

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|||||||| |---|---|---|---|---|---|---| |31/3/25|31/3/24| |Production|staff|3|2| |Administrative|staff|1|1| |4|3| |No|employees|received|emoluments|in|excess|of £60,000.| |8.|COMPARATIVES FOR THE|STATEMENT|OF|FINANCIAL|ACTIVITIES| |Unrestricted|Restricted|Total| |fund|funds|funds| |£|£|£| |INCOME|AND|ENDOWMENTS|FROM| |Donations|and|legacies|;|-|67,212|67,212| |Charitable|activities| |Charitable|70,481|140,161|.|210,642| |Investment|income|-|108|108| |Total|70,481|207,481|277,962| |EXPENDITURE|ON| |Charitable|activities| |Charitable|1,215|241,902|243,117| |NET INCOME/(EXPENDITURE)|69,266|(34,421)|34,845| |Transfers|between|funds|(23,248)|23,248|-| |Net|movement|in|funds|46,018|(11,173)|34,845| |RECONCILIATION|OF|FUNDS| |Total|funds|brought|forward|40,302|28,676|68,978| |TOTAL FUNDS|CARRIED FORWARD|86,320|17,503|103,823|

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Tinderbox Theatre Company

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

1. KEY MANAGEMENT PERSONNEL

Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total consideration paid to key management personnel, including employers national insurance contributions, for services provided to the charity was £102,771 (2024: £72,688).

1. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
	Fixtures
	and	Computer
	fittings	equipment	Totals
	£	£	£
COST
At 1 April 2024 and 31 March 2025	20,448	22,094	42,542
DEPRECIATION
At 1 April 2024	19,843	19,664	39,507
Charge for year	121	608	729
At 31 March 2025	19,964	20,272	40,236
NET BOOKVALUE
At 31 March 2025	484	1,822	2,306
At31March2024	605	2,430	3,035

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DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

	31/3/25	31/3/24
	£	£
Trade debtors	7,025	13,782
Other debtors	13,549	10,965
VAT	323	-
Prepayments	903	886
	21,800	25,633

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Tinderbox Theatre Company

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Notes to the Financial Statements - continued for the Year Ended 31 March 2025

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

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|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |31/3/25|31/3/24| |£|£| |VAT|-|2,071| |Trade|creditors|46|.| |Accrued|expenses|4,938|11,179| |4,984|13,250| |13.|ANALYSIS OF NET ASSETS BETWEEN FUNDS| |31/3/25|31/3/24| |Unrestricted|Restricted|Total|Total| |fund|funds|funds|funds| |£|£|£|£| |Fixed|assets|10,900|(8,594)|2,306|3,035| |Current|assets|58,550|33,174|91,724|114,038| |Current|liabilities|2,097|(7,081)|(4,984)|(13,250)| |71,547|17,499|89,046|103,823| |14,|MOVEMENT|IN|FUNDS| |.|Net|Transfers| |movement|between|At| |At|1/4/24|in|funds|funds|31/3/25| |£|£|£|£| |Unrestricted|funds| |General|fund|86,323|56,602|(71,378)|71,547| |Restricted|funds| |Core|-|(39,839)|39,839|-| |Programming|17,500|(31,540)|31,539|17,499| |17,500|(71,379)|71,378|17,499| |TOTAL FUNDS|103,823|(14,777)|-|89,046| |Net|movement|in|funds,|included|in|the|above|are|as|follows:| |Incoming|Resources|Movement| |resources|expended|in|funds| |£|£|£-| |Unrestricted|funds| |General]|fund|65,952|(9,350)|56,602| |Restricted|funds| |Core|103,955|(143,794)|(39,839)| |Programming|93,183|(124,723)|(31,540)| |197,138|(268,517)|(71,379)| |TOTAL FUNDS|263,090|(277,867)|(14,777)|

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Tinderbox Theatre Company

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

14. MOVEMENT IN FUNDS - continued

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Comparatives for movement in funds

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|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |Net|Transfers| |movement|between|At| |At|1/4/23|in|funds|funds|31/3/24| |£|£|£|£| |Unrestricted|funds| |General|fund|40,302|69,269|(23,248)|86,323| |Restricted|funds| |Core|-|(4,539)|4,539|-| |Programming|28,676|(29,885)|18,709|17,500| |28,676|(34,424)|23,248|17,500| |TOTAL FUNDS|68,978|34,845|-|103,823| |Comparative|net movement|in|funds,|included|in|the|above|are|as|follows:| |Incoming|Resources|Movement| |resources|expended|in|funds| |£|£|£| |Unrestricted|funds| |General|fund|70,481|(1,212)|69,269| |Restricted|funds| |Core|124,818|(129,357)|(4,539)| |Programming|82,663|(112,548)|(29,885)| |207,481|(241,905)|(34,424)| |TOTAL FUNDS|277,962|(243,117)|34,845|

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Transfers between funds

Unrestricted funds represents funding that the charity receives which is expendable at the discretion of the directors for the general purposes of the charity. Transfers from unrestricted to restricted funds are made to cover the costs incurred for specific projects which have not been met from other restricted monies.

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Tinderbox Theatre Company

Notes to the Financial Statements - continued __, for the Year Ended 31 March 2025

15. RELATED PARTY DISCLOSURES

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

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