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|||||Page|
|---|---|---|---|---|
|Trustees'<br>report||||1 —g|
|Independent|auditors'|report||10—12|
|Charitable<br>Company||Statement of Financial|Activities|13|
|Consolidated|Statement<br>of Financial Activities|||14|
|Consolidated|balance|sheet||15|
|Consolidated|cash flow statement|||16|
|Notes to the|financial|statements||17-33|





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|Official name ofcharity:|Official name ofcharity:|Official name ofcharity:|Official name ofcharity:||Sheffield<br>Media|and|Exhibition Centre Limited|Exhibition Centre Limited|Exhibition Centre Limited|
|---|---|---|---|---|---|---|---|---|---|
|Charity registration||number:|||1002020|||||
|Company|registration||number:||2444438|||||
|Directors|and Trustees:||||BMoffett (Chair)|||||
||||||C M Pons|||||
||||||SSanderson —resigned|||on 30" November|2020|
||||||D Gormley|||||
||||||M Ellis|||||
||||||A Davenport|||||
||||||BHamilton-Tweedale|||||
||||||M Drabble|||||
||||||M Kanarek|||||
||||||T Kennick|||||
||||||H Taylor-Smith|||||
||||||N Belfield|||||
||||||J Dobson|||||
||||||J Roy —appointed 2F"|||July 2020; resigned|28'" May 2021|
|Chief Executive:|||||I Wild|||||
|Secretary|and Registered|||Office:|JSimpson|||||
||||||15Paternoster|Row||||
||||||Sheffield|||||
||||||S12BX|||||
|Bankers:|||||Unity Trust Bank pic|||||
||||||Nine Brindleyplace|||||
||||||Birmingham|||||
||||||B12HB|||||
|Auditors:|||||Hawsons<br>Chartered||Accountants|||
||||||Statutory<br>Auditors|||||
||||||Pegasus<br>House|||||
||||||463a Glossop Road|||||
||||||Sheffield|||||
||||||S102QD|||||
|Solicitors:|||||Knights pic|||||
||||||Commercial<br>House|||||
||||||14Commercial|Street||||
||||||Sheffield|||||
||||||S1 2AT|||||





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SHEFFIELD MEDIA AND EXHIBITION CENTRE LIMITED
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF SHEFFIELD MEDIA AND
EXHIBITION CENTRE LIMITED (continued)
The charitable company is subject to laws and regulations that direcuy and indirectly affect the financial
stalemenls. Based on our understanding of the charitable company and the environment it operates wilhin, we
determined that the laws and regulations wh￿h were m05t signtficanl induded FRS 102, Companies Act 2006.
Health and Safely regulations and the Charities Act 2011. We considered the exlenl lo which non-compliance
with these laws and regulations might have a material effect on the financial 5talemenls, including how fraud
might occur. We evaluated management's incentives and opportunitses for fraudulent manipulation of the
financial statements (including the risk of override of contro151. and determined thal the principal risks were
related lo the posting of inappropriate journal entries lo improve the company's result fof the period. and
management bias in key accounting estimates.
Audit procedures performed by the engagement team indudgj:
Discussions with managemenl and those responsible for legal compliance procedures within the
charitable company to obtain an understanding of the legal and regulatory framework applicable lo the
charitable company and how the charitable company complies with that framework. including
consideration of known or suspected Instan￿ of non-compliance with laws and regulations and fraud..
Reviewing minutes of Trustee meetings.
Idenlrfying and assessing the design effectiveness of controls that management has in place to prevent
and delect fraud and non-compliance with laws and regulations..
Challenging assumption5 and judgements made by management in their signrficant accounting
estimates.
Idenlfying and testing joumal entrEs, in parti(xJlar any journal entries posted with unusual account
combinations or posted by senior management.
There are inherent limitations in the audit procedures desuibgj above and the more removed non-compliance
with laws and regulations is from the events and transactions reflected in the financial slalements, the less likely
we are lo become aware of it. Also. the risk of not detecting a material misstalement due to fraud is higher than
the risk of not delecling one resulting from error. a5 fraud may involve deliberate concealment by, for example,
forgery or intentional misrepresentations. or through collusion.
A further description of our responsibilities is available on the Financial Reporting Council's website al-.
￿￿w.frC.org.Ukl2{JdiIDrS1audIl-asSurancelaudrtOr-S-responSlb1lItles-f0r-1he-audIl￿f-the*￿de$cr*ptIon-Of-Ihe-
audilor's-responsibililies-for. This description forms part of our auditor's report.
Use of our report
This report is made solely lo the charitable company s members. as a body. in accordance with Chapter 3 of
Part 16 of the Companies Act 2006. Our audit work has been undertaken so thal we might slate lo the charitable
company's members those matters we are required to Stale lo them in an auditor's report and for no other
purpose. To the fullest extent permitted by law. we do not accept or assume responsibility lo anyone other than
the Charitable company and the charitable company s members as a body. for our audit work, for this report, or
for the opinions we have formed.
Ukns
Simon Bladen, Senior Statutory Auditor
For and on behalf of Hawsons Chartered Accountants. Statutory Audilors
Pegasus House
463a Glossop Road
Sheffield
S10 2QD
Date..
.2021
12

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## 

||||Restricted|Restricted|||
|---|---|---|---|---|---|---|
|||Unrestricted|Income|Capital|2021|2020|
||Notes|Funds<br>f'|Fund<br>6|Fund|Totalf|Total|
|incoming<br>Resources|||||||
|Donations<br>and legacies||777,147|873,964||1,651,111|1,032,775|
|Investment<br>income||28,000|||28,000|28,000|
|Charitable<br>activities||139,774|||139,774|833,716|
|Other income||162,563|||162,563||
|Total incoming resources||1,107,484|873,964||1,981,448|1,894,491|
|Resources expended|||||||
|Costs ofgenerating<br>voluntary|||||||
|income|9|10,000|||10,000|10,000|
|Raising funds|10||||||
|Charitable<br>activities|11|682,971|813,137||1,496,108|1,977,608|
|Other|12|17,110|||17,110|16,390|
|Total resources expended||710,081|813,137||1,523,218|2,003,998|
|Net incoming<br>i(outgoing)|||||||
|resources before transfers||397,403|60,827||458,230|(109,507)|
|Transfers|24|72,367||(72,367)|||
|Other recognised losses|||||||
|Loss on disposal of subsidiary||||||(2)|
|Net movement<br>in funds||469,770|60,827|(72,367)|458,230|(109,509)|
|Funds brought<br>forward||727,049|85,036|1,840,846|2,652,931|2,762,440|
|Funds carried forward||1,196,819|145,863|1,768,479|3,111,161|2,652,931|





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|||||Restricted|Restricted|||
|---|---|---|---|---|---|---|---|
||||Unrestricted|Income|Capital|2021|2020|
|||Notes|Funds<br>F|Fundf|Fund<br>6|Total|Total<br>E|
|Incoming resources||||||||
|Donations<br>and legacies||2|1,138,056|873,964||2,012,020|1,032,775|
|Activities for generating|funds|3|719,332|||719,332|3,759,900|
|Charitable<br>activities||5|79,774|||79,774|741,716|
|Other income||6|162,563|||162,563||
|Total incoming resources|||2,099,725|873,964||2,973,689|5,534,391|
|Resources expended||||||||
|Costs ofgenerating<br>voluntary|||10,000|||10,000|10,000|
|income||||||||
|Raising funds||10|1,262,183|||1,262,183|3,588,448|
|Charitable<br>activities||11|675,419|813,137||1,488,556|1,963,713|
|Other||12|17,110|||17,110|36,302|
|Total resources expended|||1,964,712|813,137||2,777,849|5,598,463|
|Net incoming<br>I(outgoing)||||||||
|resources before transfers|||135,013|60,827||195,840|(64,072)|
|Transfers||24|72,367||(72,367)|||
|Other Recognised Losses||||||||
|Loss on disposal ofsubsidiary||7|||||(71,775)|
|Net movement<br>in funds|||207,380|60,827|(72,367)|195,840|(135,847)|
|Funds brought forward|||1,933,879|85,036|1,840,846|3,859,761|3,995,608|
|Funds carried forward|||2,141,259|145,863|1,768,479|4,055,601|3,859,761|





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|1 MARCH 2021|||||||
|---|---|---|---|---|---|---|
||||31 March||31 March||
|||Notes|2021||2020||
||||Group|Company|Group|Company|
|||||6|L||
|FIXEDASSETS|||||||
|Tangible fixed assets||19|4,672,307|2,034,400|4,774,517|2,094,074|
|Investment<br>in subsidiaries||20||2||2|
||||4,672,307|2,034,402|4,774,517|2,094,076|
|CURRENT ASSETS|||||||
|Stock|||9,089||8,437||
|Debtors|||307,316|567,580|211,258|536,501|
|Cash at bank and|in hand||222,935|853,267|196,015|548,389|
||||539,340|1,420,847|415,710|1,084,890|
|CREDITORS —amounts|||||||
|falling due within||22|(695,487)|(344,088)|(850,444)|(488,027)|
|one<br>year|||||||
|Net current assetsl<br>(liabilities)|||(156,147)|1,076,759|(434,734)|596,863|
|Total assets less current|||4,516,160|3,111,161|4,339,783|2,690,939|
|liabilities|||||||
|CREDITORS —amounts||23|||(38,008)|(38,008)|
|falling due after one year|||||||
|Deferred income||23|(460,559)||(442,014)||
|NET ASSETS|||4,055,601|3,111,161|3,859,761|2,652,931|
|CHARITY FUNDS|||||||
|Restricted capital|fund|25|1,768,479|1,768,479|1,840,846|1,840,846|
|Restricted<br>income|funds|25|145,863|145,863|85,036|85,036|
|Unrestricted<br>funds||26|947,634|1,196,819|723,903|727,049|
|Revaluation<br>reserve||26|1,193,625||1,209,976||
|TOTAL CHARITY|FUNDS||4,055,601|3,111,161|3,859,761|2,652,931|





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|||||Notes|2021|2020|
|---|---|---|---|---|---|---|
||||||6||
|Cash flow|from operating|activities||27|203,720|119,397|
|Cash flow|from investing|activities|||||
|Payments|to acquire tangible||fixed assets||~13O477|, ~15ll.082|
|Net cash flow from investing|||activities||(130,477)|(150,082)|
|Cash flow|from financing|activities|||||
|Repayment|oflong-term<br>loans||||(43,513)|(66,370)|
|Interest paid|||||(2,810)|(4,574)|
|Net cash flow from financing|||activities||(46,323)|(70,944)|
|Net increase I(decrease)||in|cash and cash equivalents||26,920|(101,629)|
|Cash and|cash equivalents||at 1 April||196,015|297,644|
|Cash and|cash equivalents||at 31 March||222,935|196,015|
|Cash and|cash equivalents||consist of:||||
|Cash at bank and<br>in hand|||||222,935|196,015|
|Short term|deposits||||||
|Cash and|cash equivalents||at 31 March||222,935|196,015|





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|2.|DONATIONS|AND|LEGACIES||||||
|---|---|---|---|---|---|---|---|---|
||||||2021|2021|2020|2020|
||||||E||F|L'|
||||||Group|Company|Group|Company|
||Unrestricted||||||||
||BFI||||150,000|150,000|150,000|150,000|
||Sheffield<br>City|Council|||76,672|51,672|11,500|11,500|
||Europa Cinemas||||290|290|1,458|1,458|
||BFI —Cultural|Recovery Fund|||321,869|321,869|||
||CJRS government<br>grant||||589,225|253,316|||
||Total unrestricted||||1,138,056|777,147|162,958|162,958|
||Restricted||||||||
||BFI - Film Hub|North 2|||632,152|632,152|617,700|617,700|
||BFI - Other||||219,702|219,702|248,945|248,945|
||ICO||||2,200|2,200|||
||Screen Yorkshire||||15,245|15,245|||
||Department<br>ofWork||and Pension||4,065|4,065|||
||Dogwoof||||500|500|||
||Modern<br>Films||||100|100|||
||AYA Distribution||||||167|167|
||UOS —Taking|I ives|||||287|287|
||Film Feels||||||450|450|
||UK Jewish<br>Film Festival||||||208|208|
||Cine North||||||1,000|1,000|
||Live —RIP Vine||||||360|360|
||Picture House|—Kelly Gang|||||500|500|
||Live Cinema||||||200|200|
||Total restricted||||873,964|873,964|869,817|869,817|
||Total voluntary|income|||2,012,020|1,651,111|1,032,775|1,032,775|
|3.|ACTIVITIES FOR GENERATING|||FUNDS|||||
||||||2021f|2021<br>6|2020<br>E|2020<br>6|
||||||Group|Company|Group|Company|
||Letting of managed||workspace||671,066||814,973||
||Film festival receipts||||||1,892,838||
||Commercial<br>operations||||48,266||1,052,089||
||||||719,332||3,759,900||





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|4.|INVESTMENT INCOME|INVESTMENT INCOME|INVESTMENT INCOME|||||
|---|---|---|---|---|---|---|---|
|||||2021<br>F|2021f|2020f|2020f|
|||||Group|Company|Group|Company|
||Loan interest||||28,000||28,000|
||||||28,000||28,000|
|5.|INCOMING RESOURCES FROM|||CHARITABLE ACTIVITIES||||
|||||2021<br>F|2021f|2020f|2020|
|||||Group|Company|Group|Company|
||Unrestricted|||||||
||Boxoffice receipts|||35,937|35,937|656,029|656,029|
||Centre hire|||18,282|18,282|28,550|60,550|
||Membership|fees||22,314|22,314|25,405|25,405|
||Advertisement|income||3,009|3,009|31,565|31,565|
||Management|fee|||60,000||60,000|
||Other income|||232|232|167|167|
|||||79,774|139,774|741,716|833,716|
|6.|OTHER INCOME|||||||
|||||2021f|2021f|2020<br>f.|2020f|
|||||Group|Company|Group|Company|
||Unrestricted|||||||
||VAT credit —cultural||exemption|162,563|162,563|||
|||||162,563|162,563|||
|7.|NET OUTGOING RESOURCES|||||||
|||||2021||2020||
|||||Group<br>f|Company<br>f.|Group|Company|
||This is stated|after charging:||||||
||Operating<br>lease rentals —land|||||||
||and buildings||||6,000||6,000|
||Depreciation|||232,687|123,439|225,464|118,632|
||Loss on disposal of||fixed assets|||7,673||
||Loss on disposal of||subsidiary|||71,775|2|
||Government<br>receivable|and other grants||(29,076)||(19,669)||





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|||||2021f|2021|2020f|2020|
|---|---|---|---|---|---|---|---|
|||||Group|Company|Group|Company|
||Support costs (note 13)|||10,000|10,000|10,000|10,000|
|10.|RAISING FUNDS|||||||
|||||2021f|2021|2020f|2020|
|||||Group|Company|Group|Company|
||Managed<br>workspace cost|||749,601||797,870||
||Film festival costs|||||1,738,383||
||Commercial<br>operations|||512,582||1,052,195||
|||||1,262,183||3,588,448||
|11.|CHARITABLE ACTIVITIES|||||||
||Cost ofoperation ofcinema||and centre|hire||||
|||||2021f|2021<br>f.|2020f|2020f|
|||||Group|Company|Group|Company|
||Film<br>performances|and|related|||||
||costs|||||||
||Film hire|||11,649|11,649|283,455|283,455|
||Project costs|||180,586|180,586|215,836|219,945|
||Film Hub North grants|disbursed||429,006|429,006|390,063|390,063|
||Centre costs|||||||
||Marketing costs|||20,168|20,168|20,714|20,714|
||Wages and related costs|||297,622|297,622|343,597|343,597|
||Printing<br>and advertising|||1,749|2,349|27,129|27,729|
||Depreciation —equipment|||35,021|35,021|31,025|31,025|
||Credit card charges|||2,428|2,428|14,217|14,217|
||Other expenses|||2,432|2,432|20,757|20,757|
|||||980,661|981,261|1,346,793|1,351,502|
||Support costs (note 13)|||507,895|514,847|616,920|626,106|
||Total cost ofcharitable<br>activities|||1,488,556|1,496,108|1,963,713|1,977,608|





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|OTHER COSTS|||||
|---|---|---|---|---|
||2021<br>E|2021f|2020<br>E|2020<br>E|
||Group|Company|Group|Company|
|Audit fee|7,110|7,110|6,390|6,390|
|Support costs (note 13)|10,000|10,000|10,000|10,000|
|Tax charge<br>in subsidiary|||19,912||
||17,110|17,110|36,302|16,390|
|INDIRECT SUPPORT COSTS|||||
||2021|2021|2020|2020|
||E|E|||
||Group|Company|Group|Company|
|Salaries and related costs|252,096|252,096|283,807|283,807|
|Travel and hospitality|503|503|37,025|37,025|
|Rent, rates and service charges|2,832|8,736|10,718|16,622|
|Heat and power|41,797|41,797|66,504|66,504|
|Printing,<br>postage and stationery|1,222|1,437|1,723|3,907|
|Repairs and maintenance|70,255|70,255|33,923|33,923|
|Insurance|13,323|13,323|12,969|12,969|
|Telephone charges|265|386|252|252|
|Licences and subscriptions|3,250|3,250|8,650|8,650|
|Professional fees|3,538|3,538|3,403|3,403|
|Bank charges|2,621|2,621|3,372|3,372|
|Bank interest|1,405|1,405|2,287|2,287|
|Equipment<br>hire and leasing|2,111|2,111|2,324|2,324|
|Computer<br>software and|||||
|consumables|7,139|7,139|4,460|4,460|
|Website development|429|429|841|841|
|Cleaning and sundry expenses|36,691|37,403|77,055|78,153|
|Depreciation|||||
|—long leasehold<br>property|70,573|70,573|70,572|70,572|
|Depreciation - fixtures, fittings|||||
|and equipment|17,845|17,845|17,035|17,035|
||527,895|534,847|636,920|646,106|
|Aiiocation|||||
|Charitable<br>activities|507,895|514,847|616,920|626,106|
|Generating<br>voluntary<br>income|10,000|10,000|10,000|10,000|
|Other costs|10,000|10,000|10,000|10,000|
||527,895|534,84?|636,920|646,106|



## 



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## 

|||||Paternoster|Limited|
|---|---|---|---|---|---|
|||||Managed|Commercial|
|||||workspace<br>f|operations<br>F|
|Turnover<br>Cost ofsales||||678,618<br>~394.328|48,266<br>~295.982|
|Gross profit||||314,290|(247,721)|
|Administrative|expenses|||(472,944)|(216,595)|
|Interest payable||||(29,405)||
|Other operating||income||75,922|314,063|
|Operating<br>deficit||for year||(112,137)|(150,253)|
|Loss from commercial|||operations|~159,253|150,253|
|Profit on ordinary||activities before taxation||(262,390)||
|Net loss for the|year||retained|(262,360)||



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|INTER|EST PAYABLE AND S|IMILAR CHARGES||||||
|---|---|---|---|---|---|---|---|
||||2021|||2020||
|||Group||Company|Group||Company|
|||||f.|||F|
|Bank loans and overdrafts||2,810||1,405|4,574||2,287|
|||2,810||1,405|4,574||2,287|
|ANALYSIS OF NET ASSETS||BETWEEN FUNDS||||||
|2020 - Group||||||||
|||||Restricted|Restricted|||
|||Unrestricted||Income|Capital|||
|||Funds||Fund|Fund||Total|
|||||6|6|||
|Tangible fixed assets||2,933,671|||1,840,846||4,774,517|
|Current|assets|330,674||85,036|||415,710|
|Current|liabilities|(850,444)|||||(850,444)|
|Long term liabilities||(480,022)|||||(480,022)|
|||1,933,879||85,036|1,840,846||3,859,761|
|2020 - Company||||Restricted|Restricted|||
|||Unrestricted||Income|Capital|||
|||Funds||Fundf|Fund<br>F||Total|
|Tangible fixed assets||253,230|||1,840,846||2,094,076|
|Current|assets|999,854||85,036|||1,084,890|
|Current|liabiTities|(488,027)|||||(488,027)|
|Long term liabilities||(38,008)|||||(38,008)|
|||727,049||85,036|1,840,846||2,652,931|





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|17.|ANALYSIS OF NET ASSETS BETWEEN FUNDS|ANALYSIS OF NET ASSETS BETWEEN FUNDS||||||
|---|---|---|---|---|---|---|---|
||2021 - Group|||||||
|||||Restricted|Restricted|||
|||Unrestricted||Income|Capital|||
|||Fundsf||Fund|Fundf||Totalf|
||Tangible fixed assets|2,903,828|||1,768,479||4,672,307|
||Current assets|393,477||145,863|||539,340|
||Current<br>liabilities|(695,487)|||||(695,487)|
||Long term liabilities|(460,559)|||||(460,559)|
|||2,141,259||145,863|1,768,479||4,055,601|
||2021 - Company|||Restricted|Restricted|||
|||Unrestricted||Income|Capital|||
|||Fundsf||Fundf|Fundf||Total|
||Tangible fixed assets|265,923|||1,768,479||2,034,402|
||Current assets|1,274,984||145,863|||1,420,847|
||Current<br>liabilities|(344,088)|||||(344,088)|
||Long term liabilities|||||||
|||1,196,819||145,863|1,768,479||3,111,161|
|18.|FINANCIAL COMMITMENTS|||||||
||||2021|||2020||
||As at 31 March the annual|Groupf||Companyf|Groupf||Companyf|
||commitments<br>under non-cancellabie|||||||
||operating<br>leases were as follows:-|||||||
||Due within<br>1 year|4,784|||5,797|||
||Due within<br>1 to 2years|1,742|||4,784|||
||Due within 2 to 5years|1,307|||3,049|||
|||7,833|||13,630|||





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## 

|19.|TANGIBLE FIXEDASSETS —GROUP||||
|---|---|---|---|---|
|||Long|Fixtures||
|||leasehold|fittings &||
|||property<br>8|equipmentf|Total<br>6|
||Cost orvaluation||||
||At 1 April 2020|6,761,247|2,452,931|9,214,178|
||Additions||130,477|130,477|
||At 31 March 2021|6,761,247|2,583,408|9,344,655|
||Depreciation||||
||At 1 April 2020|2,500,281|1,939,380|4,439,661|
||Charge for the year|102,913|129,774|232,687|
||At 31 March 2021|2,603,194|2,069,154|4,672,348|
||Net book value||||
||At 31 March 2021|4,158,053|514,254|4,672,307|
||At 31 March 2020|4,260,966|513,551|4,774,517|
||TANGIBLE FIXEDASSETS —COMPANY||||
|||Long|Fixtures||
|||leasehold|fittings<br>&||
|||property<br>E|equipmentf|Total<br>E|
||Cost||||
||At 1 April 2020|3,528,630|1,326,669|4,855,299|
||Additions||63,765|63,765|
||At 31 March 2021|3,528,630|1,390,434|4,919,064|
||Depreciation||||
||At 1 April 2020|1,609,702|1,151,523|2,761,225|
||Charge for the year|70,573|52,866|123,439|
||At 31 March 2021|1,680,275|1,204,389|2,884,664|
||Net book value||||
||At 31 March 2021|1,848,355|186,045|2,034,400|
||At 31 March 2020|1,918,928|175,146|2,094,074|





## 

## 

## 

|The subsidia|ry<br>ofthe compan|y at 31 March 2|021 (incorpor|ated<br>in Engl|and) was:||
|---|---|---|---|---|---|---|
|||Class of||Direct/|Aggregate|Profit/|
|||shares||indirect|capital and|(loss)|
|||held|% held|holding|reserves|for the|
|||||||year|
|Paternoster|Limited||||||
|02540298|||||||
|Letting ofmanaged||Ordinary|100|Direct|944,444|(262,390)|
|workspace|and operation||||||
|ofbar and cafe|||||||



## 

|DEBTORS||||||||
|---|---|---|---|---|---|---|---|
||||2021|||2020||
|||Group||Company|Group||Company|
|Due within one year:||6||6|6|||
|Trade debtors||76,023||5,475|114,089||8,897|
|Other debtors||197,307||37,562|58,437||7,400|
|Prepayments|and accrued|||||||
|income||33,986||33,986|38,732||38,732|
|Amount<br>owed|by group|||||||
|undertakings||||490,557|||481,472|
|||307,316||567,580|211,258||536,501|





## 

## 

|22.|CREDITORS||||||||
|---|---|---|---|---|---|---|---|---|
|||||2021|||2020||
||Amounts<br>falling due|within one|Group||Companyf|Group||Companyf|
||year||||||||
||Bank loan and overdraft||38,081||38,081|43,586||43,586|
||Trade creditors||186,585||53,470|194,676||90,193|
||Other creditors||264,507||68,881|417,375||216,305|
||Taxation and social security||78,556||55,898|75,745||18,881|
||Accruals and deferred|income|127,758||127,758|119,062||119,062|
||||695,487||344,088|850,444||488,027|
|||||2021|||2020||
||Amounts<br>falling due|after more|Groupf||Company|Group<br>f||Company<br>f|
||than one year||||||||
||Bank loan and overdraft|||||38,008||38,008|
|||||||38,008||38,008|



||Bank and other loans are repayable<br>by instalments<br>as follows;-|||
|---|---|---|---|
|||2021f|2020f|
||Due within one year|38,081|43,586|
||Due within one to two years||38,008|
|||38,081|81,594|
|23.|DEFERRED INCOME —GROUP|||
|||2021f|2020f|
||Government<br>grants and other income at 1 April|442,014|428,135|
||Grants received during the year|47,621|33,548|
||Amount released<br>in year|(29,076)|(19,669)|
||Balance at 31 March|460,559|442,014|





## 

## 

|24.|TRANSFER BETWEEN FUNDS|||||||
|---|---|---|---|---|---|---|---|
||||2021|||2020||
|||Groupf||Companyf|Groupf||Company|
||Release ofrestricted<br>capital funds<br>re depreciation<br>ofcapital assets|72,367||72,367|72,368||72,368|



|Company||||||||
|---|---|---|---|---|---|---|---|
||||Balance at|Incoming|Resources|Transfer|Balance at|
||||1 April|resources|expensed||31 March|
||||2020f||||2021f|
|Restricted|capital|funds|1,840,846|||(72,367)|1,768,479|



|2020||Balance at|Incoming|Resources|Transfer|Balance at|
|---|---|---|---|---|---|---|
|||31 March|resources|expensed||31 March|
|||2019f||||2020|
|Restricted income|funds||||||
|Youth Film Academy|(BFI)||17,000|(17,000)|||
|Residential<br>Academy|(BFI)||45,000|(45,000)|||
|Film Hub North 2(BFI)||75,487|617,700|(621,718)||71,469|
|Talent Development|(BFI)||185,745|(172,178)||13,567|
|BFI Musicale (BFI)|||1,200|(1,200)|||
|AYA Distribution|||167|(167)|||
|UOS —Taking Lives|||287|(287)|||
|Film Feels|||450|(450)|||
|UK Jewish<br>Film Festival|||208|(208)|||
|Live Cinema|||200|(200)|||
|Cine North|||1,000|(1,000)|||
|Live —RIP Vine|||360|(360)|||
|Picture House —Kelly Gang|||500|(500)|||
|||75,487|869,817|(860,268)||85,036|





## 

## 




## 

## 

## 

|26.|UNRESTRICTED FUNDS|UNRESTRICTED FUNDS|Company|Group|
|---|---|---|---|---|
||||Unrestricted|Revaluation|
||||income fund|Reserve|
||||F|E|
||Balance at 1 April 2020||727,049|1,209,976|
||Net movement|in funds for the year|397,403||
||Transfer during|the year|72,367|(16,351)|
||Balance at 31|March 2021|1,196,819|1,193,625|



## 

||||2021|2020|
|---|---|---|---|---|
||||Group|Group|
||||6|E|
|Net incoming/(outgoing)<br>resources|||195,840|(135,847)|
|Interest payable|||2,810|4,574|
|Net outgoing resources from operations|||198,650|(131,273)|
|Depreciation<br>and amortisation|||232,687|225,464|
|Loss on disposal offixed assets||||14,307|
|(Increase)/decrease|in stock||(652)|3,006|
|(Increase)/decrease|in debtors||(96,058)|845,163|
|Decrease in creditors|||(130,907)|(837,270)|
|Net cash inflow from|operating|activities|203,720|119,397|





## 

## 


||||1 April|Cash flow|Other non-|31 March|
|---|---|---|---|---|---|---|
||||2020||cash|2021|
||||||charges||
||||||6||
|Cash|at the bank and|in hand|196,015|26,920||222,935|
|Bank|overdrafts||||||
|Cash|and cash equivalents||196,015|26,920||222,935|
|Debts|falling due within one year||(43,586)|5,505||(38,081)|
|Debts|falling due after|one year|(38,008)|38,008|||
||||(81,594)|43,513||(38,081)|
||||114,421|70,433||184,854|



## 

##