The directors present his/her/their annual report and the financial statements for the year ended 31 March 2026.


Objectives


The Company was incorporated in 2017 and its objectives are to carry out trading activities in line with the ethos of our sole member, Ffin Dance Ltd. Our objectives also include working with our sole member to deliver its charitable objectives and to help in raising funds.


Achievements and Performance


As we move into our 10th year at The Beaufort Theatre, we have faced some challenges and have noted a further decrease in pre-booking for events due to the publics concern for the escalated rate of living. Prudent house-keeping and trying to maintain a healthy income and expenditure balance is proving to be a reasonable contingency.
We have been fortunate to receive some community grants from the Regional Integration Fund which has enabled us to continue with our work with volunteers and the general community.
During the year we have continued ongoing connections with our community through social media platforms and regular media updates on progress at the venue and information about new shows and activities. 
The Café Bar has been vibrant accounting to approximately 20% of our overall total income.
Day time usage of the lower level of the venue is increasing steadily with more events being booked in, together with our regular 7 weekly dance and urban acrobatics classes. 
We acknowledge that we will continue to face challenging times, where local and regional engagement with the arts is traditionally low and the region has higher than average levels of deprivation. All of these issues are accentuated by a backdrop of ever decreasing public funding and rising living costs. However, despite this, our efforts to continue with engaging audiences and developing new and innovative programming stands as we look at changing our marketing and communication strategies. We will achieve this by working collaboratively and in partnership, proving that we have a very valuable role to play in the creative community. 
The Board of Directors would like to thank our audiences and participants for their continued support and engagement, to our staff and venue event volunteers for their continued hard work, enthusiasm and dedication, and to our partners and funders for their confidence and recognition of a quality arts program. 


Pay and Remuneration


The Company is run and managed mainly by volunteers. The Companys Artistic Director and Senior Manager, Sue Lewis is a full-time volunteer, and the Directors would like to take this opportunity of expressing their thanks to Sue for her hard work, commitment and enthusiasm.


Related Parties


Sharon Harford, Chair of the Board of Directors of The Beaufort Theatre Limited, and Louis Norman are also Director/Trustees of Ffin Dance, the sole member.


Risk Management


The Board is developing its ongoing Risk Register and is currently having discussions to understand the key risks. These risks are:
1. A lack of large profit from the Café and Bar
2. A lack of regular community use of venue, in particular during the daytime by community groups
3. A lack of Key Staff and insufficient volunteers to cover the theatre activities
4. The implications of the cessation of UK Shared Prosperity Fund funding for paid staff
The Risk Register is a dynamic, working document that identifies the controls in place for each risk. The Risk Register is monitored regularly by the Board.


Finance Review


The Directors monitor the financial status of the Company through regular Board meetings, where information is presented on the financial situation of the Company.
The Board receives timely financial reports, which enable extensive monitoring. The Board acknowledges the work of all staff and volunteers to ensure the continued implementation of financial procedures and the ongoing work towards having a sustainable and secure financial position within the Company.


Grants/Funding


£13,369 a total received from the UK Government Shared Prosperity Fund, the Regional Integration Fund, Aneurin Bevan University Health Board and Fund For Wales. 


Reserves


At the year end, the Company had £25,734 at the bank, a decrease on the previous year. At this stage of its development the Company does not keep reserves.

The directors who served the company throughout the year were as follows:

Richard Bevan (from 27/10/2017)

Sharon Harford (from 05/04/2017)

Steven Harford (from 27/10/2017)

Paul Maddy (from 02/06/2020)

Louis William Norman (from 08/02/2022)

Louisa Giles (from 08/11/2022 to 13/01/2026)

Elliot Rowell (from 23/03/2026)

Peter Rowell (from 23/03/2026)