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





## 

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## 

|Official name ofcharity:|Official name ofcharity:|Official name ofcharity:|Official name ofcharity:||Sheffield<br>Media and|Exhibition|Exhibition|Exhibition|Centre|Limited|
|---|---|---|---|---|---|---|---|---|---|---|
|Charity registration||number:|||1002020||||||
|Company|registration||number:||2444438||||||
|Directors|and Trustees:||||BMoffett (Chair)||||||
||||||CMPons||||||
||||||D Gormley||||||
||||||M Ellis —Resigned 28e <br>A Davenport<br>-Resigned|||November 2022<br> 25"September 2023|||
||||||BHamilton-Tweedale||||||
||||||M Drabble - Resigned||26e September|||2022|
||||||M Kanarek||||||
||||||T Kennick —Resigned||28th November|||2022|
||||||H Taylor-Smith||||||
||||||N Belfield||||||
||||||J Dobson<br>-Resigned||28e November|||2022|
||||||A Casserly Stewart||||||
||||||H Mann Adamson||||||
||||||R Mersereau<br>-Appointed|||26rh|September 2022||
||||||K RGilbert —Appointed|||12rh June 2023|||
|Chief Executive:|||||I Wild||||||
|Secretary|and Registered|||Office:|JSimpson||||||
||||||15Paternoster<br>Row||||||
||||||Sheffield||||||
||||||S12BX||||||
|Bankers:|||||Uniiy Trust Bank pic||||||
||||||Nine Brindleyplace||||||
||||||Birmingham||||||
||||||B12HB||||||
|Auditors:|||||Hawsons<br>Chartered|Accountants|||||
||||||Statutory Auditors||||||
||||||Pegasus<br>House||||||
||||||463a Glossop Road||||||
||||||Sheffield||||||
||||||S102QD||||||
|Solicitors:|||||Knights pic||||||
||||||Commercial<br>House||||||
||||||14Commercial<br>Street||||||
||||||Sheffield||||||
||||||S12AT||||||





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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 lo laws and regulations that directly and indirectly affect the financial slalements.
Based on our understanding of the charitable company and the environment it operates within. we determined that the
laws and regulations which were most s$gnrf￿nt included FRS 102. Companies Act 2006, Health and Safety
regulations and the Charities Act 2011. We considered the extent to 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 opportunities for fr8udulenl manipulation of the financial slalements (including the risk
of override of controls). and determined that the principal risks were related lo the posting of inappropriate journal
entries lo improve the company's result for the period. aiKI management bias in key accounting eslimales.
Audit procedures performed by the engagement team induded..
Discussions with management and those resw)nsible for legal Complian￿ procedures within the charitable
company lo obtain an understanding of the legal and regulatory framework applicable lo the charitable
company and how the charitable company complies Y￿th that framework. including consideration of known or
suspected instances of non-compliance with laws and regulations and fraud..
Reviewing minutes of Trustee meetings..
Identifying and assessing the design effeclweness of controls that management has in place to prevent and
detect fraud and non-compliance wth laws and regulations.
Challenging assumptions and judgements made by management in their signrficant accounting estimates.
Identifying and lesling joumal entries. in part￿ular any journal entries posted with unusual account
combinations or posted by Sen1￿ management.
There are inherent limitations in the audr( procedures des(¥ibed above and the more removed non-compliance with
laws and regulations is from the events and transactions reflected in the financial slalemenls, the less likely we are lo
become awaie of it. Also, the risk of not delecling a material misstalemenl due lo fraud is higher than the risk of not
delecling one resulting from error, as fraud may involve deliberate cnncealment 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..
www.frc.org.uklaudilorslaudil-assurancelaudilor-s-responsibilrties-for-the-audi1-of-lhe-f￿descflpIi0n￿f-Ihe-auditor'5-
responsibililies-for. This description foms part of our auditorfs report.
Usg of our report
This report is made solely to 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 that we might slate lo the charitable company's
member5 those matters we are required to slate lo them in an auditor's report and for no other ptjrpose. To the fullest
extent permilled by law, we do not accept or assume responsibilrty lo anyone olher 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.
Simon
laden, Senior Slalutory Auditor
For and on behalf of Hawsons Chartered Accountants. SL8tulrry Auditors
Pegasus House
463a GIos50p Road
Sheffield
S102QD
Dale..
..2023
12

## 

## 

## 

|EAR ENDED 31 MARCH 20|23||||||
|---|---|---|---|---|---|---|
||||Restricted|Restricted|||
|||Unrestricted|Income|Capital|2023|2022|
||Notes|Funds<br>f|Fund|Fund<br>f|Totalf|Totalf|
|Incoming Resources|||||||
|Donations<br>and legacies||208,297|861,048||1,069,345|1,699,795|
|Investment<br>income||28,000|||28,000|28,000|
|Charitable<br>activities||622,606|||622,606|564,170|
|Other income|||||||
|Total incoming resources||858,903|861,048||1,719,951|2,291,965|
|Resources expended|||||||
|Costs ofgenerating<br>voluntary|||||||
|income|9|10,000|||10,000|10,000|
|Raising funds|10||||||
|Charitable<br>activities|11|1,564,425|1,001,096||2,565,521|1,876,653|
|Other|12|21,650|||21,650|18,300|
|Total resources expended||1,596,075|1,001,096||2,597,171|1,904,953|
|Net (Outgoing)/incoming|||||||
|resources before transfers||(737,172)|(140,048)||(877,220)|387,012|
|Transfers|24|78,378||(78,378)|||
|Net movement<br>in funds||(658,794)|(140,048)|(78,378)|(877,220)|387,012|
|Funds brought forward||1,595,258|144,765|1,758,150|3,498,173|3,111,161|
|Funds carried forward||936,464|4,717|1,679,772|2,620,953|3,498,173|





## 

## 

## 

|||||Restricted|Restricted|||
|---|---|---|---|---|---|---|---|
||||Unrestricted|Income|Capital|2023|2022|
|||Notes|Funds|Fund|Fund|Total|Total|
|||||F||||
|Incoming resources||||||||
|Donations<br>and legacies||2|208,297|861,048||1,069,345|1,738,323|
|Activities for generating|funds|3|1,809,873|||1,809,873|1,467,633|
|Charitable<br>activities||5|562,606|||562,606|504,170|
|Total incoming resources|||2,580,776|861,048||3,441,824|3,710,126|
|Resources expended'||||||||
|Costs ofgenerating<br>voluntary|||10,000|||10,000|10,000|
|income||||||||
|Raising funds||9|2,075,152|||2,075,152|1,742,388|
|Charitable<br>activities||10|1,037,364|1,001,096||2,038,460|1,866,008|
|Other||11|21,650|||21,650|18,300|
|Total resources expended|||3,144,166|1,001,096||4,145,262|3,636,696|
|Net (outgoing)/incoming||||||||
|resources before transfers|||(563,390)|(140,048)||(703,438)|73430|
|Transfers||23|78,378||(78,378)|||
|Net movement<br>in funds|||(485,012)|(140,048)|(78,378)|(703,438)|73,430|
|Funds brought<br>forward|||2,226,116|144,765|1,758,150|4,129,031|4,055,601|
|Funds carried forward|||1,741,104|4,717|1,679,772|3,425,593|4,129,031|





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|1 MARCH 2023|||||||
|---|---|---|---|---|---|---|
||||31 March||31 March||
|||Notes|2023||2022||
||||Group|Company|Group|Company|
||||6|'Z|6|6|
|FIXEDASSETS|||||||
|Tangible fixed assets||18|4,379,519|1,883,981|4,518,888|1,960,507|
|Investment<br>in subsidiaries||19||2||2|
||||4,379,519|1,883,983|4,518,888|1,960,509|
|CURRENT ASSETS|||||||
|Stock|||17,453||16,616||
|Debtors||20|430,871|510,391|609,821|1,078,168|
|Cash at bank and|in hand||60|458,279|128,301|755,235|
||||448,384|968,670|754,738|1,833,403|
|CREDITORS —amounts|||||||
|falling due within||21|(999,456)|(231,700)|(713,254)|(295,739)|
|one<br>year|||||||
|Net current assetsl<br>(liabilities)|||(551,072)|736,970|41,484|1,537,664|
|Total assets less current|||3,828,447|2,620,953|4,560,372|3,498,173|
|liabilities|||||||
|Deferred income||22|(402,854)||(431,341)||
|NET ASSETS|||3,425,593|2,620,953|4,129,031|3,498,173|
|CHARITYFUNDS|||||||
|Restricted<br>capital|fund|24|1,679,772|1,679,772|1,758,150|1,758,150|
|Restricted<br>income|funds|24|4,717|4,717|144,765|144,765|
|Unrestricted<br>funds||25|580,181|936,464|1,048,842|1,595,258|
|Revaluation<br>reserve||25|1,160,923||1,177,274||
|TOTALCHARITYFUNDS|||3,425,593|2,620,953|4,129,031|3,498,173|





## 

## 

## 

|||||Notes|2023f|2022|
|---|---|---|---|---|---|---|
|Cash flow|from operating|activities|||(343,832)|14,974|
|Cash flow|from investing|activities|||||
|Payments|to acquire tangible||fixed assets||~76,331|~71.995|
|Net cash flow from investing|||activities||(76,831)|(71,095)|
|Cash flow|from flnancing|activities|||||
|Repayment|of long-term<br>loans|||||(38,081)|
|Interest paid||||||(432)|
|Net cash flow from financing|||activities|||(38,513)|
|Net (decrease) in cash and cash equivalents|||||(420,663)|(94,634)|
|Cash and|cash equivalents||at 1 April||128,301|222,935|
|Cash and|cash equivalents||at 31 March||(292,362)|128,301|
|Cash and|cash equivalents||consist of:||||
|Cash at bank and<br>in hand|||||(292,362)|128,301|
|Cash and|cash equivalents||at 31 March||~292,362|128,301|





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|2.|DONATIONS<br>AND LEGACIES||||||
|---|---|---|---|---|---|---|
||||2023<br>F|2023f|2022|2022f|
||||Group|Company|Group|Company|
||Unrestricted||||||
||BFI||150,000|150,000|150,000|150,000|
||Sheffield City Council||||16,403|12,000|
||Europa Cinemas||6,164|6,164|||
||BFI —Culture Recovery Fund||||555,626|555,626|
||CJRS government<br>grant||||62,469|28,344|
||Donations||52,133|52,133|||
||Total unrestricted||208,297|208,297|784,498|745,970|
||Restricted - revenue||||||
||BFI - Film Hub North 2||605,430|605,430|638,700|638,700|
||BFI - Other||230,608|230,608|237,709|237,709|
||Young Programmers||15,000|15,000|||
||Picturehouse||2,208|2,208|||
||Film Feels||5,952|5,952|||
||Dogwoof||||1,000|1,000|
||National<br>Lottery||||10,000|10,000|
||Film Club Midlands<br>Other(f1,000||1,850|1,850|5,000<br>2,916|5,000<br>2,916|
||Total restricted - revenue||861,048|861,048|895,325|895,325|
||Restricted —capital||||||
||BFI - Culture Recovery Fund||||58,500|58,500|
||Total restricted - capital||||58,500|58,500|
||Total voluntary<br>income||1,069,345|1,069,345|1,738,323|1,699,795|
|3.|ACTIVITIES FOR GENERATING|FUNDS|||||
||||2023f|2023f|2022f|2022f|
||||Group|Company|Group|Company|
||Letting of managed<br>workspace||776,789||750,014||
||Commercial<br>operations||1,033,084||717,619||
||||1,809,873||1,467,633||





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|4.|INVESTMENT INCOME|INVESTMENT INCOME|||||
|---|---|---|---|---|---|---|
||||2023f|2023|2022|2022f|
||||Group|Company|Group|Company|
||Loan interest|||28,000||28000|
|||||28,000||28,000|
|5.|INCOMING RESOURCES FROM||CHARITABLE ACTIVITIES||||
||||2023f|2023|2022|2022f|
||||Group|Company|Group|Company|
||Unrestricted||||||
||Boxoffice receipts||449,718|449,718|407,096|407,096|
||Centre hire||65,236|65,236|51,808|51,808|
||Membership|fees|25,278|25,278|19,098|19,098|
||Advertisement|income|18,631|18,631|13,748|13,748|
||Management|fee||60,000||60,000|
||Other income||3,743|3,743|12,420|12,420|
||||562,606|622,606|504,170|564,170|
|6.|NET OUTGOING RESOURCES||||||
||||2023||2022||
||||Group<br>f|Company<br>f.|Groupf|Company|
||This is stated|after charging:|||||
||Operating<br>lease rentals —land||||||
||and buildings|||6,000||6,000|
||Depreciation||216,200|117,331|223,649|121,719|
||Loss on disposal offixed assets||||865|865|
||Government<br>receivable|and other grants|||(38,528)||





## 

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## 

## 

## 

|||||2023|2023|2022|2022|
|---|---|---|---|---|---|---|---|
|||||E|6|||
|||||Group|Company|Group|Company|
||Support costs (note 12)|||10,000|10,000|10,000|10,000|
|9.|RAISING FUNDS|||||||
|||||2023|2023|2022|2022|
||||||E|6|F|
|||||Group|Company|Group|Company|
||Managed workspace cost|||902,601||832,001||
||Commercial<br>operations|||1,172,551||910,387||
|||||2,075,152||1,742,388||
|10.|CHARITABLE ACTIVITIES|||||||
||Cost ofoperation ofcinema||and centre|hire||||
|||||2023|2023|2022f|2022<br>E|
|||||Group|Company|Group|Company|
||Film<br>performances|and|related|||||
||costs|||||||
||Film hire|||190,466|190,466|158,058|158,058|
||Project costs|||294,698|297,048|252,489|254,439|
||Film Hub North grants|disbursed||470,080|470,080|424,929|424,929|
||Centre costs|||||||
||Marketing costs|||23,039|23,039|17,263|17,263|
||Wages and related costs|||386,696|386,696|352,117|352,117|
||Printing<br>and advertising|||13,833|15,168|20,463|21,063|
||Depreciation —equipment|||24,105|24,105|31,121|31,121|
||Credit card charges|||9,957|9,957|10,052|10,052|
||Other expenses|||20,424|536,658|10,878|10,877|
|||||1,433,298|1,953,217|1,277,370|1,279,919|
||Support costs (note 12)|||605,162|812,304|588,638|596,734|
||Total cost ofcharitable|activities||2,038,460|2,565,521|1,866,008|1,876,653|





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## 

|OTHER COSTS||||||
|---|---|---|---|---|---|
|||2023|2023|2022|2022|
||||E|E||
|||Group|Company|Group|Company|
|Audit fee||11,650|11,650|8,300|8,300|
|Support costs (note|12)|10,000|10,000|10,000|10,000|
|||21,650|21,650|18,300|18,300|
|INDIRECT SUPPORT COSTS||||||
|||2023|2023|2022f|2022<br>E|
|||Group|Company|Group|Company|
|Salaries and related|costs|275,062|275,062|273,132|273,132|
|Travel and hospitality||29,778|29,778|12,829|12,829|
|Rent, rates and service charges||8,345|14,249|6,582|12,486|
|Heat and power||112,424|112,424|78,031|78,031|
|Printing,<br>postage and stationery||701|1,807|936|2,324|
|Repairs and maintenance||26,079|26,079|39,671|39,671|
|Insurance||15,064|15,064|15,683|15,683|
|Telephone<br>charges||287|419|222|354|
|Licences and subscriptions||5,669|5,669|5,955|5,955|
|Professional fees||2,236|2,236|15,584|15,584|
|Bank charges||3,323|3.323|2,034|2,034|
|Bank interest||||216|216|
|Equipment<br>hire and|leasing|2,621|2,621|2,587|2,587|
|Computer<br>software|and|||||
|consumables||18,852|18,852|10,289|10,289|
|Website development||380|380|10,521|10,521|
|Cleaning and sundry|expenses|31,115|31,115|42,903|43,575|
|Depreciation||||||
|- long leasehold<br>property||70,572|70,572|70,573|70,573|
|Depreciation<br>-fixtures, fittings||||||
|and equipment||22,654|22,654|20,025|20,025|
|Loss on disposal||||865|865|
|||625,162|632,304|608,638|616,734|
|Allocation||||||
|Charitable<br>activities||605,162|612,304|588,638|596,734|
|Generating<br>voluntary|income|10,000|10,000|10,000|10,000|
|Other costs||10,000|10,000|10,000|10,000|
|||625,162|632,304|608,638|616,734|



## 



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## 

## 

|||||Paternoster|Limited|
|---|---|---|---|---|---|
|||||Managed|Commercial|
|||||workspace<br>f|operations<br>f|
|Turllover<br>Cost ofsales||||785,266<br>~434.DDD|1,035,434<br>~841.884|
|Gross profit||||351,240|193,630|
|Administrative|expenses|||(557,063)|(330,749)|
|Interest payable||||(28,000)||
|Other operating||income||28,488||
|Operating<br>deficit||for year||(205,335)|(137,119)|
|Loss from commercial|||operations|~133,448|137,119|
|Profit on ordinary||activities before taxation||(342,454)||
|Net loss for the|year||retained|(342,454)||



## 

|STAFF CO|S|TS AND|TRUSTEES'|S REMUNE|RATION||||
|---|---|---|---|---|---|---|---|---|
||||||2023|||2022|
||||||Groupf|Companyf|Groupf|Companyf|
|Wages and|salaries|||1,349,890||489,053|1,154,612|453,809|
|Social secudity costs|||||96,331|34,900|78,884|31,004|
|Pension costs|||||26,274|9,519|22,760|8,946|
|||||1,472,495||533,472|1,256,256|493,759|
|The average||number|ofemployees|calculated|on a full-time|equivalent<br>basis|during the year was as follows:||
||||||2023|||2022|
|||||Number||FTE|Number|FTE|
|Raising funds|||||60|24|46|40|
|Charitable|activities||||31|24|33|19|
|||||||48|79|59|





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## 

|15.|INTER|EST PAYABLE AND S|IMILAR CHARGES||||||
|---|---|---|---|---|---|---|---|---|
|||||2023|||2022||
||||Group||Company|Group||Company|
||||||F|||F|
||Bank loans and overdrafts|||||432||216|
|||||||432||216|
|16.|ANALYSIS OF NET ASSETS||BETWEEN FUNDS||||||
||2023 - Group||||||||
||||||Restricted|Restricted|||
||||Unrestricted||Income|Capital|||
||||Funds<br>F||Fund<br>6|Fund||Totalf|
||Tangible fixed assets||2,699,747|||1,679,772||4,379,519|
||Current|assets|443,667||4,717|||448,384|
||Current|liabilities|(999,456)|||||(999,456)|
||Long term liabilities||(402,854)|||||(402,854)|
||||1,741,104||4,717|1,679,772||3,425,593|
||2023 - Company||||Restricted|Restricted|||
||||Unrestricted||Income|Capital|||
||||Funds||Fund|Fund||Total|
||||E||6|5|||
||Tangible fixed assets||204,211|||1,679,772||1,883,983|
||Current|assets|963,953||4,717|||968,670|
||Current|liabilities|(231,700)|||||(231,700)|
||Long term liabilities||||||||
||||936,464||4,717|1,679,772||2,620,953|





## 

## 

## 

|16.|ANALYSIS OF NET ASSETS BETWEEN FUNDS (continued)|ANALYSIS OF NET ASSETS BETWEEN FUNDS (continued)|ANALYSIS OF NET ASSETS BETWEEN FUNDS (continued)|||
|---|---|---|---|---|---|
||2022 - Group|||||
||||Restricted|Restricted||
|||Unrestricted|Income|Capital||
|||Funds<br>f|Fund<br>f|Fund<br>F|Totalf|
||Tangible fixed assets|2,760,738||1,758,150|4,518,888|
||Current assets|609,973|144,765||754,738|
||Current<br>liabilities|(713,254)|||(713,254)|
||Long term liabilities|(431,341)|||(431,341)|
|||2,226,116|144,765|1,758,150|4,129,031|
||2022 - Company||Restricted|Restricted||
|||Unrestricted|Income|Capital||
|||Fundsf|Fund<br>F|Fund|Totalf|
||Tangible fixed assets|202,359||1,758,150|1,960,509|
||Current assets|1,688,638|144,765||1,833,403|
||Current<br>liabilities|(295,739)|||(295,739)|
||Long term liabilities|||||
|||1,595,258|144,765|1,758,150|3,498,173|
|17.|FINANCIAL<br>COMMITMENTS|||||
||||2023|2022||
||As at 31 March the annual|Group<br>F|Companyf|Groupf|Companyf|
||commitments<br>under non-cancellable|||||
||operating leases were as follows:-|||||
||Due within<br>1 year|6,588||5,797||
||Due within<br>1 to 2 years|6,588||5,362||
||Due within 2to 5years|18,498||16,220||
|||31,674||27,379||





## 

## 

## 

|18.|TANGIBLE FIXEDASSETS —GROUP||||
|---|---|---|---|---|
|||Long|Fixtures||
|||leasehold|fittings<br>&||
|||property|equipmentf|Total<br>F|
||Cost or valuation||||
||At 1 April 2022|6,761,247|2,653,100|9,414,347|
||Additions||76,831|76,831|
||At 31 March 2023|6,761,247|2,729,931|9,491,178|
||Depreciation||||
||At 1 April 2022|2,706,109|2,189,350|4,895,459|
||Charge for the year|102,912|113,288|216,200|
||At 31 March 2023|2,809,021|2,302,638|5,111,659|
||Net book value||||
||At 31 March 2023|3,952,226|427,293|4,379,519|
||At 31 March 2022|4,055,138|463,750|4,518,888|
||TANGIBLE FIXEDASSETS —COMPANY||||
|||Long|Fixtures||
|||leasehold|fittings<br>&||
|||property|equipment|Total|
|||6||F|
||Cost||||
||At 1 April 2022|3,528,630|1,437,722|4,966,352|
||Additions||40,805|40,805|
||Disposals||||
||At 31 March 2023|3,528,630|1,478,527|5,007,157|
||Depreciation||||
||At 1 April 2022|1,750,848|1,254,997|3,005,845|
||Charge for the year|70,572|46,759|117,331|
||Disposals||||
||At 31 March 2023|1,821,420|1,301,756|3,123,176|
||Net book value||||
||At 31 March 2023|1,707,210|176,771|1,883,981|
||At 31 March 2022|1,777,782|182,725|1,960,507|





## 

## 

## 

||The subsidia|ry|ofthe company|at 31 March 2|023 (incorp|orated<br>in En|gland) was:||
|---|---|---|---|---|---|---|---|---|
|||||Class of||Direct/|Aggregate|Profit/|
|||||shares||indirect|capital and|(loss)|
|||||held|%held|holding|reserves|for the|
|||||||||year<br>9|
||Paternoster||Limited||||||
||02540298||||||||
||Letting ofmanaged|||Ordinary|100|Direct|288,408|(342,454)|
||workspace|and operation|||||||
||of bar and cafe||||||||
|20.|DEBTORS||||||||
||||||2023||2022||
||Due within|one year:||Group<br>f|Company<br>f||Group<br>f|Company<br>f|
||Trade debtors|||123,867||3,932|111,395|4,170|
||Other debtors|||264,710|64,165||457,883|350,183|
||Prepayments||and accrued||||||
||income|||42,294|42,294||40,543|40,543|
||Amount owed||by group||||||
||undertakings||||400,000|||683,272|
|||||430,871|510,391||609,821|1,078,168|





## 

## 

|21.|CREDITORS|||||||
|---|---|---|---|---|---|---|---|
|||||2023||2022||
||||Group||Company|Group|Company|
||Amounts<br>falling due|within one|||6|6|E|
||year|||||||
||Bank overdraft||292,422|||||
||Trade creditors||227,730||69,877|227,163|87,333|
||Other creditors||307,301||60,553|313,762|94,614|
||Taxation and social security||91,550||20,817|58,537||
||Accruals and deferred|income|80,453||80,453|113,792|113,792|
||||999,456||231,700|713,254|295,739|
|22.|DEFERRED INCOME —GROUP|||||||
|||||||2023|2022|
|||||||F|F|
||Government<br>grants and other income at 1 April|||||431,341|460,559|
||Grants received<br>during the year|||||||
||Amount released<br>in year|||||(28,487)|(29,218)|
||Balance at 31 March|||||402,854|431,341|
|23.|TRANSFER BETWEEN FUNDS|||||||
|||||2023||2022||
||||Groupf||Company<br>6|Group|Company|
||Release of restricted<br>capital funds<br>re depreciation<br>ofcapital assets||78,378||78,378|75,160|75,160|
||Transfer<br>from<br>restricted<br>income<br>funds,|||||(6,331)|(6,331)|
||||78,378||78,378|68,829|68,829|





## 

## 

|||Balance at|Incoming|Resources|Transfer|Balance at|
|---|---|---|---|---|---|---|
|2023||31 March|resources|expensed||31 March|
|||2022f||||2023f|
|Restricted capital funds||1,758,150|||(78,378)|1,679,772|
|2022||Balance at|Incoming|Resources|Transfer|Balance at|
|||31 March|resources|expensed||31 March|
|||2021f||||2022<br>F|
|Restricted capital funds|||||||
|Brought|forward|1,768,479|||(75,160)|1,693,319|
|Culture|Recovery Fund 2||38,000|||38,000|
|Culture|Recovery Fund 3||20,500|||20,500|
|National|Lottery||||6,331|6,331|
|||1,768,479|58,500||(68,829)|1,758,150|



|2023|||Balance at|Incoming|Resources|Transfer|Balance at|
|---|---|---|---|---|---|---|---|
||||31 March|resources|expensed||31 March|
||||2022f||||2023f|
|Restricted income||funds||||||
|Film Hub North 2|(BFI)||102,129|605,430|(707,559)|||
|Talent Development||(BFI)|38,770|164,308|(203,078)|||
|Youth Film Academy||(BFI)|292|17,300|(17,592)|||
|Residential<br>Academy||||||||
|(BFI)||||45,000|(45,000)|||
|Venue Education<br>(BFI)|Fund|||4,000|(4,000)|||
|National<br>Lottery|||3,574||(3,574)|||
|Film Feels||||5,952|(5,952)|||
|Young Programmers||||15,000|(11,333)||3,667|
|Picturehouse||||2,208|(2,208)|||
|Other & f1,000||||1,850|(800)||1,050|
||||144,765|861,048|(1,001,096)||4,717|





## 

## 

## 

## 




## 

## 

## 

|25.|UNRESTRICTED FUNDS|UNRESTRICTED FUNDS|Company|Group|
|---|---|---|---|---|
||||Unrestncted|Revaluation|
||||income fund|Reserve|
||||6|E|
||Balance at 1 April 2022||1,595,258|1,177,274|
||Net movement|in funds for the year|(737,172)||
||Transfer during|the year|78,378|(16,351)|
||Balance at 31|March 2023|936,464|1,160,923|



## 

||||2023|2022|
|---|---|---|---|---|
||||Group|Group|
||||E|6|
|Net (outgoing)/<br>incoming resources|||(703,438)|73,430|
|Interest payable||||432|
|Net outgoing resources from operations|||(703,438)|73,862|
|Depreciation<br>and amortisation|||216,200|223,649|
|Loss on disposal of|fixed assets|||865|
|(Increase)<br>in stock|||(837)|(7,527)|
|Decrease/(increase)|in debtors||178,950|(302,505)|
|(Increase)/decrease|in creditors||(34,707)|26,630|
|Net cash inflow from|operating|activities|(343,832)|14,974|





## 

## 

## 

|ANAL|YSIS OF NET D|EBT|||||
|---|---|---|---|---|---|---|
||||1 April|Cash flow|Other non-|31 March|
||||2022||cash|2023|
||||||charges||
|Cash <br>Bank|at the bank and<br> overdrafts|in hand|128,301|(128,241)<br>~292.422||60<br>~292,422|
|Cash|and cash equivalents||128,301|(420,663)||(292,362)|
|Debts|falling due within|one year|||||
|Debts|falling due after|one year|||||
||||128,301|(420,663)||(292,362)|



## 

##