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|Trustees'|annual
report (incorporating||the|directors'|report)|||
|Independent
examiner's
report to the|||trustees|||||
|Statement|of financial
activities|(including||income and expenditure||account)|12|
|Statement|of financial
position|||||||
|Statement|of cash flows||||||14|
|Notes to the financial statements|||||||15|
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|||||2023||2022|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|||
||||funds|funds|Total funds|Total funds|
|||Note|2|2|2||
|Income and endowments|||||||
|Donations
and legacies||5|191,633||191,633|161,600|
|Charitable
activities||6|67,813|334,934|402,747|317,845|
|Investment
income||7|3,090||3,090|196|
|Other income||8||||2,277|
|Total income|||262,536|334,934|597,470|481,918|
|Expenditure|||||||
|Charitable
activities||9|264,994|334,934|599,928|485,758|
|Total expenditure|||264,994|334,934|599,928|485,758|
|Net expenditure
and net movement||in funds|(2,458)||(2,458)|(3,840)|
|Reconciliation
offunds|||||||
|Total funds
brought|forward||78,455||78,455|82,295|
|Total funds carried|forward||75,997||75,997|78,455|
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|31 March|2023|||||||
|---|---|---|---|---|---|---|---|
|||||2023||2022||
||||Note|2||||
|Fixed assets||||||||
|Tangible fixed assets|||14||15,687||25,432|
|Investments|||15||1,500||1,500|
||||||17,187||26,932|
|Current assets||||||||
|Debtors|||16|30,061||41,610||
|Cash at bank|and in|hand||327,333||356,177||
|||||357,394||397,787||
|Creditors: Amounts||falling due within||||||
|one year|||17|(298,584)||(346,264)||
|Net current assets|||||58,810||51,523|
|Total assets|less current liabilities||||75,997||78,455|
|Net assets|||||75,997||78,455|
|Funds ofthe charity||||||||
|Unrestricted|funds||||75,997||78,455|
|Total charity|funds||19||75,997||78,455|
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|Year ended 31 March||2023||||
|---|---|---|---|---|---|
|||||2023|2022|
|Cash flows from operating||activities||||
|Net expenditure||||(2,458)|(3,840)|
|Adjustments
for:||||||
|Depreciation
of tangible fixed||assets||11,592|14,268|
|Other interest receivable and||similar income||(3,090)|(196)|
|Accrued (income)/expenses||||(55,865)|123,376|
|Changesin:||||||
|Trade and other debtors||||11,549|(32,728)|
|Trade and other creditors||||8,185|(5,774)|
|Cash generated
from operations||||(30,087)|95,106|
|Interest received||||3,090|196|
|Net cash (used in)/from
operating
activities||||(26,997)|95,302|
|Cash flows from investing|activities|||||
|Purchase
of tangible assets||||(1,847)|(3,595)|
|Net cash used
in investing
activities||||(1,847)|(3,595)|
|Net (decrease)/increase
in|cash and cash equivalents|||(28,844)|91,707|
|Cash and cash equivalents||at beginning|ofyear|356,177|264,470|
|Cash and cash equivalents||at end ofyear||327,333|356,177|
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|over the useful economic
life ofth|at asset as follows|:||
|---|---|---|---|
|Improvements
to property|33%straight|line||
|Website|20%straight|line||
|Display and office equipment|33%Straight|line and 20%straight|line|
|Cinema equipment|50%Straight|line and 33%straight|line|
|Computer
equipment|33%straight|line||
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||||Unrestricted|Total|Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|---|---|
||||Funds||2023|Funds|2022|
||||||f|||
|Donations||||||||
|Donations|||566||566|733|733|
|Donations|in|kind|6,000||6,000|6,000|6,000|
|Grants||||||||
|Grants|||185,067||185,067|154,867|154,867|
||||191,633||191,633|161,600|161,600|
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|Grants received, included
in the above, are as follows:|||
|---|---|---|
||2023|2022|
|||2|
|Arts Council NPO Funding|167,760|137,560|
|Breckland
Council|4,000|4,000|
|King's
Lynn and West Norfolk Council|3,000|3,000|
|Norfolk County Council|10,307|10,307|
|Total grants|185,067|154,867|
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|6.|Charitable|activities||||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2023|
|||||2|2|
||Project activities||67,813|334,934|402,747|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2022|
||||2|||
||Project activities||51,572|266,273|317,845|
|7.|Investment|income||||
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|---|---|
|||||Funds|2023|Funds|2022|
||||||2|2||
||Bank|interest||3,090|3,090|196|196|
|8.|Other|income||||||
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds|2023|Funds|2022|
||||||2||2|
||CJRS|- furlough|income|||2,277|2,277|
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|Expenditure|on charita|ble
activities|by activity type||||
|---|---|---|---|---|---|---|
||||Activities||||
||||undertaken||Total funds|Total fund|
||||directly|Support costs|2023|2022|
|||||2|2|2|
|Direct project|costs||204,244||204,244|131,005|
|Wages||||301,067|301,067|277,404|
|Social security||||18,591|18,591|17,386|
|Rent and rates||||13,171|13,171|9,383|
|Printing, postage and stationery||||5,286|5,286|458|
|Subscriptions|and publications|||4,162|4,162|5,964|
|Telephone
and fax||||1,428|1,428|1,243|
|Training
and|development|||4,489|4,489|1,422|
|Travel and entertainment||||486|486|275|
|Other staff costs||||4,027|4,027|5,033|
|Depreciation||||11,592|11,592|14,268|
|Sundries||||91|91|328|
|Bank fees and charges||||425|425|467|
|Repairs and|maintenance|||10,054|10,054|3,344|
|Office costs||||9,898|9,898|8,764|
|Marketing||||3,543|3,543|3,010|
|Insurance||||2,079|2,079|1,929|
|Legal and professional||fees||||816|
|Governance|costs|||5,295|5,295|3,259|
||||204,244|395,684|599,928|485,758|
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|Expenditure
6266,273).
Governance|on charitabl
costs|e|activi|ties
includes
restricted
expendit|ure
amounting
to 2334,|934 (2022|
|---|---|---|---|---|---|---|
||||||2023|2022|
|||||||2|
|Independent|examination|-|current year||3,156|2,635|
|Independent|examination|-|prior year||(79)||
|Other accountancy
services|||||2,218|624|
||||||5,295|3,259|
|Net expenditure|||||||
|Net expenditure
is stated||after charging/(crediting):|||||
||||||2023|2022|
||||||2|6|
|Depreciation|of tangible|fixed assets|||11,592|14,268|
|Independent|examination||fees||||
||||||2023|2022|
||||||2|2|
|Fees payable|to the independent|||examiner for:|||
|Independent|examination|of the financial statements|||3,077|2,635|
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|Staff costs||||||
|---|---|---|---|---|---|
|The total staff costs and|employee|benefits|for the reporting|period are analysed as follows:||
|||||2023|2022|
|Wages and salaries
Social security costs||||291,226
18,591|268,060
17,386|
|Employer
contributions|to pension|plans||9,841|9,344|
|||||319,658|294,790|
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||||Display and||||
|---|---|---|---|---|---|---|
||||office|Cinema|Computer||
|||Website|equipment|equipment|equipment|Total|
||||||2||
|Cost|||||||
|At1 Apr 2022
Additions||30,383|14,603
1,128|33,296|26,971
719|105,253
1,847|
|Disposals|||(4,066)|||(4,066)|
|At 31 Mar|2023|30,383|11,665|33,296|27,690|103,034|
|Depreciation
At 1 Apr 2022
Charge for the year||12,154
6,076|14,603
94|31,051
2,244|22,013
3,178|79,821
11,592|
|Disposals|||(4,066)|||(4,066)|
|At 31 Mar|2023|18,230|10,631|33,295|25,191|87,347|
|Carrying
At 31 Mar|amount
2023|12,153|1,034||2,499|15,687|
|At 31 Mar|2022|18,229||2,245|4,958|25,432|
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|15.|Investments||||
|---|---|---|---|---|
|||||Other|
|||||investments|
||Cost or valuation||||
||At1 Apr 2022|||1,500|
||Additions||||
||At 31 Mar 2023|||1,500|
||Impairment||||
||At 1 Apr 2022 and 31 Mar 2023||||
||Carrying
amount||||
||At 31 Mar 2023|||1,500|
||At 31 Mar 2022|||1,500|
||All investments
shown above are held at valuation.||||
||There were no investment
assets outside the UK.||||
||Investments
(neither listed nor unlisted)
were as follows:||||
||||2023|2022|
||Peter Blake artwork||1,500|1,500|
|16.|Debtors||||
||||2023|2022|
||Trade debtors||24,691|39,195|
||Prepayments
and accrued income||5,370|2,415|
||||30,061|41,610|
|17.|Creditors: Amounts|falling due within one year|||
||||2023|2022|
||Trade creditors||24,617|7,839|
||Accruals and deferred|income|270,678|333,414|
||Social security
and other taxes||3,289|5,011|
||||298,584|346,264|
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|||||2023|2022|
|---|---|---|---|---|---|
|||||2||
|Deferred|income|brought|forward|318,759|195,383|
|Released|during|the year||(318,759)|(195,383)|
|Deferred|during|the year||262,894|318,759|
|Deferred|income|carried|forward|262,894|318,759|
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|Year ended|31 March 20|23|||||
|---|---|---|---|---|---|---|
|Unrestricted|funds||||||
|||At 1 April||||At 31 March|
|||2022|Income|Expenditure|Transfers|2023|
|||2|6|2|2|2|
|General funds||78,455|262,536|(264,994)|(50,000)|25,997|
|Designated|funds||||50,000|50,000|
|||78,455|262,536|(264,994)||75,997|
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|||At 1 April||||At|31 March|
|---|---|---|---|---|---|---|---|
|||2022|Income|Expenditure|Transfers||2023|
||||2|6||||
|BFI FAN Film|Exhibition|||||||
|Fund|||29,216|(29,216)||||
|Cambridge
Rural Touring|||20,202|(20,202)||||
|Flock / Young|Creatives|||||||
|Network|||27,535|(27,535)||||
|Inn Crowd|||27,908|(27,908)||||
|LCEP|||13,018|(13,018)||||
|Kickstart|||7,920|(7,920)||||
|Mercers (The|Earl of|||||||
|Northampton|Fund)||25,000|(25,000)||||
|Operation
No|Cold|||||||
|Shoulder|||937|(937)||||
|Our Day Out|||44,777|(44,777)||||
|Plugged
In|||20,633|(20,633)||||
|ACE - SE Libraries||||||||
|Touring
Project|||138|(138)||||
|Silver Social|||43,966|(43,966)||||
|Spirit of2012|||57,911|(57,911)||||
|VCSE Digital|Inclusion||13,557|(13,557)||||
|Youth Music Project|||2,216|(2,216)||||
||||334,934|(334,934)||||
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|Year ended|31 March 2022|||||||
|---|---|---|---|---|---|---|---|
|Unrestricted|funds|||||||
|||At 1 April||||At|31 March|
|||2021|Income|Expenditure|Transfers||2022|
|||2|2|2|2||2|
|General funds||82,295|215,645|(219,485)|||78,455|
|Restricted funds||||||||
|||At 1 April||||At|31 March|
|||2021|Income|Expenditure|Transfers||2022|
|||2|2|2|2||8|
|BFI FAN Film|Exhibition|||||||
|Fund|||8,960|(8,960)||||
|Cambridge
Rural Touring|||15,012|(15,012)||||
|Independent|Age||4,555|(4,555)||||
|Inn Crowd|||24,336|(24,336)||||
|LCEP|||16,658|(16,658)||||
|Kickstart|||15,700|(15,700)||||
|Mercers (The|Earl of|||||||
|Northampton|Fund)||25,000|(25,000)||||
|NLCF
—ODO|West|||||||
|Norfolk|||27,455|(27,455)||||
|Operation
No|Cold|||||||
|Shoulder|||3,750|(3,750)||||
|Plugged
In|||26,015|(26,015)||||
|Silver Social|||3,030|(3,030)||||
|Spirit of2012|||65,016|(65,016)||||
|Youth Music|Project||30,786|(30,786)||||
||||266,273|(266,273)||||
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|20.|Analysis o|f ne|t a|sset|s b|etween
funds||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Unrestricted||Restricted|Total Funds|
||||||||||Funds|Funds|2023|
||||||||||2|2|2|
||Tangible fixed||assets||||||15,687||15,687|
||Investments||||||||1,500||1,500|
||Net current|assets|||||||58,810||58,810|
||||||||||75,997||75,997|
|||||||||Unrestricted||Restricted|Total Funds|
||||||||||Funds|Funds|2022|
||||||||||2|2||
||Tangible fixed||assets||||||25,432||25,432|
||Investments||||||||1,500||1,500|
||Net current|assets|||||||51,523||51,523|
||||||||||78,455||78,455|
|21.|Analysis ofchanges||||in|net debt||||||
||||||||||||At|
|||||||||At 1 Apr 2022||Cash flows|31 Mar 2023|
||||||||||L|2|2|
||Cash at bank and|||in hand|||||356,177|(28,844)|327,333|
|22.|Operating|lease commitments||||||||||
||The total future||minimum|||lease payments|under|non-cancellable|operating|leases are as|follows:|
|||||||||||2023|2022|
|||||||||||2|F|
||Not later than||1 year|||||||910|910|
||Later than|1 year||and|not|later than 5 years||||227|1,137|
|||||||||||1,137|2,047|
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|previous|period the follo|wing
transactions
took p|lace with this company:|||
|---|---|---|---|---|---|
||||2023|Outstanding|2022|
||||2|2|2|
|Goods and services purchased|||||1,105|
|National|Rural Touring|Forum||||
|||||2023|Outstanding|2022|
|---|---|---|---|---|---|---|
|||||2|2||
|Goods|and|services|purchased|||1,400|
|Goods|and|services|sold|||3,750|