|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|6|
|Report ofthe Independent<br>Auditors|7|to|10|
|Consolidated<br>Statement ofFinancial Activities||||
|Cousolidated<br>Statement ofFinancial Position||12||
|Statement ofFinancial Position||13||
|Statement ofCash Flows||14||
|Notes to the Statement ofCash Flows||15||
|Notes to the Financial Statements|16|to|27|





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||||||2021|2020|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||fund|funds|funds|funds|
|||Notes|||||
|INCOME AND ENDOWMENTS|FROM||||||
|Donations<br>and legacies|||444,038||444,038|98,035|
|Charitable<br>activities|||||||
|Operation oftheatre and cinema|||177,659||177,659|809,214|
|Other trading activities|||31,170||31,170|176,906|
|Investment<br>income|||19||19|34|
|Total|||652,886||652,886|1,084,189|
|EXPENDITURE ON|||||||
|Raising funds|||37,793||37,793|77,896|
|Charitable<br>activities|||||||
|Operation oftheatre and cinema|||584,687|27,424|612,111|1,043,673|
|Total|||622,480|27,424|649,904|1,121,69|
|NET INCOME/(EXPENDITURE)|||30,406|(27,424)|2,982|(37,380)|
|RECONCILIATION OFFUNDS|||||||
|Total funds brought forward|||(231,376)|611,013|379,637|417,017|
|TOTAL FUNDS CARRIED FORWARD|||(200,970)|583,589|382,619|379,637|





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||||||2021|2020|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||fund|funds|funds|funds|
|||Notes|||||
|FIXEDASSETS|||||||
|Tangible<br>assets||14|38,187|650,971|689,158|730,075|
||||38,187|650,971|689,158|730,075|
|CURRENT ASSETS|||||||
|Stocks||16|3,361||3,361|10,636|
|Debtors||17|44,186||44,186|11,852|
|Cash at bank and in hand|||21,179||21,179|10,810|
||||68,726||68,726|33,298|
|CREDITORS|||||||
|Amounts<br>falling due within|one year|18|(266,152)|(67,382)|(333,534)|(339,469)|
|NET CURRENT ASSETS/(LIABILITIES)|||(197,426)|(67,382)|(264,808)|(306,172)|
|TOTAL ASSETSLESSCURRENT|||||||
|LIABILITIES|||(159,239)|583,589|424,350|423,904|
|CREDITORS|||||||
|Amounts<br>falling due after more than one year||19|(41,731)||(41,731)|(44,267)|
|NET ASSETS|||(200,970)|583,589|382,619|379,637|
|FUNDS||22|||||
|Unrestricted<br>funds|||||(200,970)|(231,376)|
|Restricted funds|||||583,589|611,013|
|TOTAL FUNDS|||||382,619|379,637|





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|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||fund|funds|funds|funds|
||Notes|||||
|FIXEDASSETS||||||
|Tangible assets|14|38,187|650,971|689,158|730,075|
|Investments|15|1||1|I|
|||38,188|650,971|689,159|730,076|
|CURRENT ASSETS||||||
|Stocks|16|3,361||3,361|10,636|
|Debtors|17|42,935||42,935|11,851|
|Cash at bank and in hand||21,179||21,179|10,810|
|||67,475||67,475|33,297|
|CREDITORS||||||
|Amounts<br>falling due within one year|18|(264,902)|(67,382)|(332,284)|(339,469)|
|NET CURRENT ASSETS/(LIABILITIES)||(197,427)|(67,382)|(264,809)|(306,172)|
|TOTAL ASSETSLESSCURRENT||||||
|LIABILITIES||(159,239)|583,589|424,350|423,904|
|CREDITORS||||||
|Amounts<br>falling due after more than one year|19|(41,731)||(41,731)|(44,267)|
|NET ASSETS||(200,970)|583,589|382,619|379,637|
|FUNDS|22|||||
|Unrestricted<br>funds||||(200,970)|(231,376)|
|Restricted funds||||583,589|611,013|
|TOTAL FUNDS||||382,619|379,637|





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||||||2021|2020|
|---|---|---|---|---|---|---|
|||||Notes|||
|Cash flows from operating||activities|||||
|Cash generated<br>from operations|||||17,492|31,165|
|Interest paid|||||(3,335)|(5,505)|
|Net cash provided<br>by operating<br>activities|||||14,157|25,660|
|Cash flows from investing||activities|||||
|Purchase oftangible fixed|assets||||(949)|(23,268)|
|Interest received|||||19|34|
|Net cash used in investing|activities||||(930)|(23,234)|
|Cash flows from financing||activities|||||
|New loans in year|||||30,000|100,000|
|Loan repayments<br>in year|||||(32,322)|(61,453)|
|Net cash (used in)/provided||by financing||activities|(2,322)|38,547|
|Change in cash and cash equivalents|||in||||
|the reporting<br>period|||||10,905|40,973|
|Cash and cash equivalents||at the|||||
|beginning<br>ofthe reporting||period|||10,274|(30,699)|
|Cash and cash equivalents||at the end|of||||
|the reporting<br>period|||||21,179|10,274|





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|OPERATING AC|TIVITIES||||||
|---|---|---|---|---|---|---|
||||||2021|2020|
|Net income/(expenditure)<br>for the reporting||period (as per the|||||
|Statement ofFinancial Activities)|||||2,982|(37,380)|
|Adjustments<br>for:|||||||
|Depreciation<br>charges|||||41,865|43,653|
|Interest received|||||(19)|(34)|
|Interest paid|||||3,335|5,505|
|Decrease/(increase)|in stocks||||7,275|(6,608)|
|(Increase)/decrease|in debtors||||(32,334)|7,860|
|(Decrease)/increase|in creditors||||(5,612)|18,169|
|Net cash provided|by operations||||17,492|31,165|
|ANALYSIS OF CASH AND CASH EQUIVALENTS|||||||
||||||2021|2020|
|Cash in hand|||||945|10,810|
|Notice deposits (less than 3months)|||||20,234||
|Overdrafts<br>included|in bank loans and overdrafts||falling due within|one year||(536)|
|Total cash and cash|equivalents||||21,179|10,274|
|ANALYSIS OF CHANGES IN NET DEBT|||||||



|ANALYSIS OF CHAN|GES IN NET DEBT||||
|---|---|---|---|---|
|||At 1.2.20|Cash flow|At 31.1.21|
|Net cash|||||
|Cash at bank and in hand||10,810|10,369|21,179|
|Bank overdraft||(536)|536||
|||10,274|10,905|21,179|
|Debt|||||
|Debts falling due within|1year|(32,058)|(213)|(32,271)|
|Debts falling due after 1|year|(44,267)|2,536|(41,731)|
|||(76,325)|2,323|(74,002)|
|Total||(66,051)|13,228|(52,823)|





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|DONATION|S<br>AND LEGACIES|||
|---|---|---|---|
|||2021|2020|
|Private Donations||39,595|69,207|
|Business Donations||167|3,360|
|Grants||404,276|25,468|
|||444,038|98,035|
|Grants received, included in the above, are as follows:||||
|Tewkesbury|Borough Council|27,000|19,950|
|South West|Film Hub||5,518|
|Arts Council|England|213,000||
|Watershed||8,312||
|Barnwood Trust||10,000||
|British Film|Institute|13,840||
|HMRC JRS||132,124||
|||404,276|25,468|





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|||||||
|---|---|---|---|---|---|
|3.|OTHER TRADING ACTIVITIES|||||
|||||202]|2020|
||Kiosk and Bar|||18,704|124,570|
||Merchandising||||8,084|
||Advertising<br>Income|||2,085|4,578|
||Theatre and room hire||||10,856|
||Other income|||8,669|8,253|
||Sponsorship<br>and fundraising|||1,712|8,619|
||Theatre tax credits||||11,946|
|||||31,170|176,906|
|4.|INVESTMENT INCOME|||||
|||||2021|2020|
||Deposit account interest|||19|34|
|5.|INCOME FROM CHARITABLE ACTIVITIES|||||
|||||2021|2020|
|||Activity||||
||Theatre ticket sales|Operation|oftheatre and cinema|125,140|532,652|
||Cinema ticket sales|Operation|ofthean e and cinema|35,287|173,951|
||Take Part|Operation|oftheane and cinema|4,937|10,748|
||Booking Fees|Operation|oftheatre and cinema|12,295|91,863|
|||||177,659|809,214|





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|6.|RAISING FUNDS|RAISING FUNDS||||
|---|---|---|---|---|---|
||Other trading activities|||||
|||||2021|2020|
||Purchases|||16,597|48,844|
||Staff costs|||20,931|23,780|
||Sponsorship|and fundraising||265|5,272|
|||||37,793|77,896|
|7.|CHARITABLE ACTIVITIES COSTS|||||
||||Direct|Support||
||||Costs (see|costs (see||
||||note 8)|note 9)|Totals|
||Operation of|theatre and cinema|442,075|170,036|612,111|
|8.|DIRECT COSTSOF CHARITABLE ACTIVITIES|||||
|||||2021|2020|
||Staff costs|||198,676|226,261|
||Show Costs|||110,813|344,883|
||Miscellaneous|||29,518|29,921|
||Hire offilms|||22,889|73,776|
||Credit card charges|||4,828|21,124|
||Insurance|||11,408|14,845|
||Take Part costs|||18,885|15,294|
||Bank charges|||3,193|5,910|
||Depreciation|||41,865|43,653|
|||||442,075|775,667|
|9.|SUPPORT COSTS|||||
|||||Governance||
||||Other|costs|Totals|
||Operation of|theatre and cinema|114,269|55,767|170,036|





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|||||2021|2020|
|---|---|---|---|---|---|
|||||Operation||
|||||of||
|||||theatre||
|||||and|Total|
|||||cinema|activities|
||Marketing<br>salaries|||35,495|37,672|
||Premises Expenses|||31,563|78,659|
||ITCosts|||18,484|17,697|
||Office expense|||10,012|11,040|
||Advertising|||15,380|56,317|
||Interest payable|||3,335|5,505|
||Administration|salaries||12,814|32,745|
||ITCosts|||9,350|11,180|
||Accountancy|||21,517|7,100|
||Professional|Fees||5,586|2,541|
||Auditors<br>remuneration|||6,500|7,550|
|||||170,036|268,006|
|10.|NET INCOME/(EXPENDITURE)|||||
||Net income/(expenditure)||is stated after charging/(crediting):|||
|||||2021|2020|
||Depreciation|—owned assets||41,866|43,653|



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|STAFF COSTS|||
|---|---|---|
||31.1.20|31.1.19|
|Wages and salaries|266,408|308,103|
|Social security costs|11,817|16,433|
|Pension costs|3,955|4,137|
||282,181|328,673|



## 

|||||2021|2020|
|---|---|---|---|---|---|
|Marketing||||1|1|
|Kiosk and|bar|||3|3|
|Fundraising|||||1|
|Operations||||12|12|
|Take Part||||1|1|
|Technical|Staff|||5|4|
|Governance||||1|3|
|||||23|25|
|No employees<br>received emoluments||in excess of$60,000.||||
|COMPARATIVES FORTHE STATEMENT OFFINANCIAL|||ACTIVITIES|||
||||Unrestricted|Restricted|Total|
||||fund|funds|funds|
|INCOME|AND ENDOWMENTS|FROM||||
|Donations|and legacies||98,035||98,035|
|Charitable|activities|||||
|Operation|oftheatre and cinema||809,214||809,214|
|Other trading activities|||176,906||176,906|
|Investment|income||34||34|
|Total|||1,084,189||1,084,189|
|EXPENDITURE ON||||||
|Raising funds|||77,896||77,896|
|Charitable|activities|||||
|Operation|oftheatre and cinema||1,012,502|31,171|1,043,673|
|Total|||1,090,398|31,171|1,121,569|





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|13.|COMPARATIVES|FOR THE STATEMEN|T OF FINANCIA|L ACTIVITIE|S - continued||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|
|||||fund|funds|funds|
||NET INCOME/(EXPENDITURE)|||(6,209)|(31,171)|(37,380)|
||RECONCILIATION|OFFUNDS|||||
||Total funds brought|forward||(225, 167)|642,184|417,017|
||TOTAL FUNDS CARRIED FORWARD|||(231,376)|611,013|379,637|
|14.|TANGIBLE FIXED|ASSETS|||||
||||Stage k|Fixtures|||
|||Short|Cinema|and|Office||
|||leasehold|Equipment|fittings|Equipment|Totals|
||COST||||||
||At 1 February 2020|707,366|161,342|205,911|176,285|1,250,904|
||Additions||||949|949|
||At 31January 2021|707,366|161,342|205,911|177,234|1,251,853|
||DEPRECIATION||||||
||At 1 February 2020|42,442|134,774|182,823|160,790|520,829|
||Charge for year|28,294|5,314|5,127|3,131|41,866|
||At 31January 2021|70,736|140,088|187,950|163,921|562,695|
||NET BOOK VALUE||||||
||At 31January 2021|636,630|21,254|17,961|13,313|689,158|
||At 31January 2020|664,924|26,568|23,088|15,495|730,075|





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||Nature ofbusiness:<br>General trading|company|||
|---|---|---|---|---|
||Class ofshare:|holding|||
||Ordinary|100|||
|16.|STOCKS||||
||||2021|2020|
||Stocks||3,361|10,636|
|17.|DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR||||
||||2021|2020|
||Trade debtors||185|525|
||Other debtors||24,001|1|
||VAT||3,294||
||Prepayments||16,706|11,326|
||||44,186|11,852|





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|18.|CREDITO|RS: AMOUNTS|FALLING DUE WITHIN ONE YE|AR||
|---|---|---|---|---|---|
|||||2021|2020|
||Bank loans|and overdrafts<br>(see note 20)||32,271|32,594|
||Trade creditors|||36,782|69,453|
||Social security and other taxes|||18,591|5,901|
||VAT||||10,584|
||Other creditors|||1,559|3,577|
||Deferred income|||212,207|191,367|
||Accrued expenses|||32,124|25,993|
|||||333,534|339,469|
|19.|CREDITORS: AMOUNTS||FALLING DUE AFTERMORE THAN ONE YEAR|||
|||||2021|2020|
||Bank loans|(see note 20)||11,731|44,267|
||Other loans|(see note 20)||30,000||
|||||41,731|44,267|
|20.|LOANS|||||
||An analysis|ofthe maturity ofloans is given below:||||
|||||2021|2020|
||Amounts<br>falling due within one year on demand:|||||
||Bank overdrafts||||536|
||Bank loans|||32,271|32,058|
|||||32,271|32,594|
||Amounts<br>falling due between||one and two years:|||
||Bank loans|—1-2years||11,731|32,178|
||Other loans|—1-2years||11,250||
|||||22,981|32,178|
||Amounts<br>falling due between||two and five years:|||
||Bank loans|- 2-5 years|||12,089|
||Other loans|—2-5 years||18,750||
|||||18,750|12,089|





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|||2021|2020|
|---|---|---|---|
|Bank|loans|44,002|76,325|
|Other|loans|30,000||
|||74,002|76,325|



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|MOVEMEN|T IN FUNDS||||
|---|---|---|---|---|
||||Net||
||||movement|At|
|||At 1.2.20|in funds|31.1.21|
|Unrestricted|funds||||
|General fund||(231,376)|30,406|(200,970)|
|Restricted funds|||||
|Capital Campaign||601,719|(25,465)|576,254|
|Theatre Seats||9,294|(1,959)|7,335|
|||611,013|(27,424)|583,589|
|TOTAL FUNDS||379,637|2,982|382,619|



|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|Unrestricted|funds||||
|General fund||652,886|(622,480)|30,406|
|Restricted funds|||||
|Capital Campaign|||(25,465)|(25,465)|
|Theatre Seats|||(1,959)|(1,959)|
||||(27,424)|(27,424)|
|TOTAL FUNDS||652,886|(649,904)|2,982|





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|Comparatives|for movement|for movement|in funds||||
|---|---|---|---|---|---|---|
||||||Net||
||||||movement|At|
|||||At 1.2.19|in funds|31.1.20|
|Unrestricted|funds||||||
|General fund||||(225, 167)|(6,209)|(231,376)|
|Restricted funds|||||||
|Capital Campaign||||627,184|(25,465)|601,719|
|Theatre Seats||||15,000|(5,706)|9,294|
|||||642,184|(31,171)|611,013|
|TOTAL FUNDS||||417,017|(37,380)|379,637|
|Comparative|net movement|in|funds, included|in the above are as follows:|||
|||||Incoming|Resources|Movement|
|||||resources|expended|in funds|
|Unrestricted|funds||||||
|General fund||||1,084,189|(1,090,398)|(6,209)|
|Restricted funds|||||||
|Capital Campaign|||||(25,465)|(25,465)|
|Theatre Seats|||||(5,706)|(5,706)|
||||||(31,171)|(31,171)|
|TOTAL FUNDS||||1,082,689|(1,120,069)|(37,380)|



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