2020-12-31-accounts - Curzon Clevedon Community Centre For The Arts

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CONTENTS
		~pa e
Trustees' report		1 —10
Independent examiner's	report
Consolidated statement	offinancial activities	12
Balance sheets		13—14
Statement ofcash flow		15
Notes to the consolidated	financial statements	16—40

		Unrestricted	Restricted	Total funds	Total funds
		~Fun	Funds	2020	2019
	Note	f	f	f	f
INCOME AND EXPENDITURE
Income from:
Grants, donations and legacies		184,900	355,792	540,692	226,165
Charitable activities		122,754		122,754	403,221
Other trading activities		50,203		50,203	148,980
Investments		54,629		54,629	63,116
TOTAL INCOME		412,486	355,792	768,278	841,482
Expenditure on:
Raising funds		38,126		38,126	106,465
Charitable activities		369,321	595,561	964,882	625,990
TOTAL EXPENDITURE	10	407,447	595,561	1,003,008	732,455
Net income/ (expenditure)		5,039	(239,769)	(234,730)	109,027
Transfers between funds		(62,088)	62,088
Net movement in funds		(57,049)	(177,681)	(234,730)	109,027
Reconciliation offunds;
Total funds brought forward		882,207	182,951	1,065,058	956,031
Total funds carried forward	27	825,058	5,270	830,328	1,065,058

AT31DECEMBER 20	20
			Group	Group	Charity	Charity
			2020	2019	2020	2019
		Notes	E	f	E	E
FIXEDASSETS
Intangible fixed assets		14	2,453	3,271
Tangible fixed assets		15,16	669,508	736,784	657,745	724,338
Investments		17			4	4
			671,961	740,055	657,749	724,342
CURREhlT ASSETS
Stock			6,470	7,671
Debtors		18	69,074	46,142	86,883	59,340
Cash at bank and in hand			307,179	493,493	282,739	417,815
			382,723	547,306	369,622	477,155
CREDITORS: Amounts	falling due
within one year		19	52,594	98,797	43,553	41,017
NET CURRENT ASSETS			330,128	448,509	326,069	436,138
TOTAL ASSETS LESS
CURRENT LIABILITIES			1,002,090	1,188,564	983,818	1,160,480
CREDITORS: Amounts	falling due
After one year		20	169,393	120,962	169,393	120,962
PROVISIONS FOR LIABILITIES		21	2,369	2,544
NET ASSETS			830,328	1,065,058	814,425	1,039,518
FUNDS:
Unrea lised revaluation	reserve		467,860	467,860	4e7,8eo	467,860
General realised reserves			219,198	414,247	203,295	388,707
Designated reserves			138,000		138,000
Tote!unrestricted reserves		25	825,058	882,107	809,155	856,567
Restricted		26	5,270	182,951	5,270	182,951
Total charity funds		27, 28	830,328	1,065,058	814,425	1,039,518
			13

	Group	Group	Charity	Charity
Notes	2020 f	2019f	2020 f	2019f
Reconciliation ofnet movement in funds to
net cash f(ow from operating activities
Net movement in funds Add back depreciation charge Add back amortisation charge Less interest received Add hire purchase interest Add bank loan interest Decrease/(increase) In stock	(233,706) 83,601 818 (106) 1,644 4,671 1,201	109,027 83,777 1,090 (322) 2,414 5,436 (2,493)	(235,242) 79,680 (75) 1,644 4,671	114,938 79,629 (192) 2,414 5,436
Decrease/(increase) in trade debtors	807	2,140	712	756
Decrease/(increase) in other debtors Increase/(decrease) in trade creditors Increase/(decrease) in other creditors	(3,270) (3,890) (55,887)	14,135 (1,752) (7,854)	(2,019) 9,206 (14,664)	25,567 (11,468) (9,096)
Net cash used in operating activities	(204,117)	20S,598	(156,087)	207,984
Cash flows from investing activities
Purchase oftangible Rxed assets interest received	(16,326) 106	(2,074) 322	(13,087) 75	192
Cash provided by/(used in) Investing actlvRles	(16,220)	(1,752)	(13,012)	192
Cash flows from financing activities
Cash inflow from borrowings Repayment ofborrowing Hire purchase interest paid Bank loan interest paid	50,000 (9,532) (1,523) (4,922)	(22,134) (2,414) (5,436)	50,000 (9,523) (1,523) (4,922)	(22,134) (2,414) (5,436)
Cash provided by/(used in) financing activities	34,023	(29,984)	34,023	(29,984)
Increase/(decrease) in cash Gcash equivalents(186, 314)		173,862	(135,076)	178,192
Cash Ik cash equivalents at the beginning
ofthe year	493,493	319,631	417,815	239,623
Total cash Bcash equivaients at the end
ofthe year 29	307p179	493,493	282,739	417,81S

			Unrestricted	Restricted	Total funds
			Funds	Funds	2019
		Note		E	f
INCOME AND EXPENDITURE
Income from;
Grants, donations	and legacies		3,090	223,075	226,165
Charitable activities			403,221		403,221
Other trading activities			148,980		148,980
investments			63,116		63,116
TOTAL INCOME			618,407	223,075	841,482
Expenditure on:
Raising funds			106,465		106,465
Charitable activities			532,598	93,392	625,990
TOTAL EXPENDITURE		10	639,063	93,392	732,455
Net income/ (expenditure)			(20,656)	129,683	109,027

	Total	Total
	2020f	2019 f
Income from:
Grants, donations and legacies	459,618	250,165
Other trading activities		100
Investments	68,188	98,157
TOTAL INCOME	527,806	348,422
Expenditure on:
Charitable activities	751,876	223,885
TOTAL EXPENDITURE	751,876	223,885
Net income/(expenditure)	(224,070)	124,536
Total funds brought forward	1,039,519	914,983
Total funds carried forward	815,449	1,039,519
Represented by:
Restricted funds	5,270	182,950
Unrestricted funds	810,179	856,569
TOTAL FUNDS	815,449	1,039,519

					Unrestricted	Restricted	Total	Total
					Funds	Funds	2020	2019
					E	E	E	E
	Donations from the public				9,315	15,704	25,019	124,643
	Lottery				510		510	562
	Restoration project					850	850	960
	Rooffund
	NLHF					309,238	309,238
	Clevedon Town Council					25,000	25,000
	The Society of		Merchant Venturers			5,000	5,000
	Medlock	Charitable		Trust				2S,000
	Garfieild	Weston Foundation						75,000
	NLHF				54,000		54,000
	North Somerset Council				34,002		34,002
	Job Retention	Scheme Grants			87,073		87,073
					184,900	355,792	540,692	226,165
7,	CHARITABLE ACTIVITIES				Unrestricted	Restricted	Total	Total
					Funds f	Funds E	2020 f	2019 E
	Curzon Community		Cinema
	- BoxOffice				122,754		122,754	403,221
					122,754		122,754	403,221

8.	OTHER TRADING ACTIVITIES	OTHER TRADING ACTIVITIES	Unrestricted	Restricted	Total	Total
			Funds f	Funds f	2020 f	2019 f
	Curzon Community	Cinema
	- Confectionary sales - Lounge bar -Advertising income -Other		19,655 12,737 6,807 11,004		19,655 12,737 6,807 11,004	75,146 45,703 21,801 6,330
			50,203		50203	148980
9,	INVESTMENT INCOME		Unrestricted	Restricted	Total	Total
			Funds f	Funds f	2020 f	2019 f
	Rental income UK bank interest		54,523 106		54,523 106	62,794 322
			54,629		54,629	63,116

TOTAL EXPENDITURE	TOTAL EXPENDITURE
				Direct	Other
Total Ex enditure-2020				Staff Costs	Direct Costs		Total
				E	E		E
Expenditure on raising funds:
Costs ofapplying	for grants	and donations			4,298		4,298
Curzon Community Cinema		Ltd
-Trading income	from bar, food
and advertising				8,674	25,154		33,828
				8,674	29,452		38,126
Expenditure on charitable		activltiesr
Curzon Cinema				188,274	149,807		338,081
Restoration Project					62,132		62,132
Rooffund					564,669		564,669
				188,274	776,608		964,882
				196,947	806,060	1,003,008
Total Ex enditure	—2019
Expenditure on raising funds:
Costs ofapplying for grants		and donations			34,446		34,446
Curzon Community	Cinema	Ltd
-Trading income	from bar,	food
and advertising				9,090	62,929		72,019
				9,090	97,375	106,465
Expenditure on charitable activities:
Curzon Cinema				196,185	331,417	527,602
Restoration Project					62,132		62,132
Rooffund					36,256		36,256
				196,185	429,805	625,990
				205,275	527,180	732,455
			26

Other direct costs include:	Other direct costs include:			2020	2019
				f	f
	Arnortisation Depreciation Loan interest charged at amortised Hire purchase interest	cost		818 83,601 4,671 1,644	1,090 83,777 5,291 2,570
11.	SUlVIMARY ANALYSIS OF EXPENDITURE AhlD RELATED INCOME			FOR CHARITABLE ACTIV
		Curton	Restoration	Roof
	C~t- 2020	Cinema	Projectf	Fundf	Totalf
	Costs BoxOffice	(338,081) 122,754	(62,132)	(564,669)	(964,882) 122,754
	Direct grants	87,073	850	339,238	427,161
	Direct donations			15,704	15,704
	Net cost funded from other income
	and funds brought forward	(128,254)	(61,282)	(209,727)	(399,263)
		Curzon	Restoration	Roof
	99(9 -2019	Cinemaf	Projectf	Fund f	Total f
	Costs Box Office Direct grants Direct donations	(527,602) 403,221	960 (62,132)	100,000 121,694 (36,256)	(625,990) 403,221 100,960 121,694
	Net cost funded from other income
	and funds brought forward	(124,381)	(61,172)	185,438	(115)

Charity support & governance	costs have	allocated	allocated	to the Curzon	to the Curzon	to the Curzon	Cinema,	and
Fundralsing, on the activities consisted ofthese activities:	basis of direct staff	costs.	Support		and governance			costs
					2020		2019
					E		f
Salary costs					17,719		17,892
Office costs Governance costs —independent	examination				2,746 7,350		4,583 5,095
					27,815		27,570
STAFF COSTS AND TRUSTEES' REMUNERATION					2020		2019
					6
Wages and salaries				186,453		192,988
Social security costs					7,296		9,197
Employer pension contributions					3,198		3,090
				196,947		205,275

				2020	2019
				No.	No.
	Ivlanagement and	administration		3	3
	Cinema			16	16
				19	19
14.	INTANGIBLE ASSETS —GROUP
			W~ebsi e	Total
				E
	COST
	At 1January 2020		7,338	7,338
	Additions acquired	separately
	At 31December 2020		7,338	7,338
	AMORTISATION
	At 1January 2020		4,067	4,067
	Charge for the year		818	818
	At 31December 2020		4,885	4,885
	NET BOOK VALUE
	At 31December 2020		2,453	2,453
	At 31December 2019		3,271	3I271

		Fixtures
	Freehold	fittings
	~ro e	~&e ui t.	Total
			E
COST AND DEEMED COST
At 1January 2020 Additions	1,004,072	196,197 13,087	1,200,269 13,087
At 31December 2020	1,004,072	209,284	1,213,356
DEPRECIATION
At 1January 2020 Charge for the year	318,383 66,746	1S7,548 12,934	475,931 79,680
At 31December 2020	385,129	170,482	555,611
NET BOOK VALUE
At 31December 2020	618,943	38,802	657,745
At 31December 2019	685,689	38,649	724,338

THE YEAR ENDED 31DECEMBER 20 TANGIBLE ASSETS-GROUP	20 (continued)
		Fixtures
	Freehold	fittings
	~ro e	&eCeeui t.	Total
			E
COSTAND DEEMED COST
At 1January 2020	1,004,072	247,395	1,2S1,467
Additions		16,325	16,325
At 31December 2020	1,004,072	263,720	1,267,792
DEPRECIATION
At 1January 2020	318,383	196,300	514,683
Charge forthe year	66,746	16,855	83,601
At 31December 2020	385,129	213,155	598,284
NET BOOK VALUE
At 31December 2020	618,943	50,565	669,508
At 31December 2019	685,689	51,095	736,784

DEBTORS
			Group		Charity
			2020	2019	2020	2019
			E	E	E	E
Trade debtors Due from subsidiary		undertaking	297	1,104	297 22,546	1,009 13,346
Prepayments	and accrued income		46,557	44,689	46,445	42,455
VAT repayable			20,469		17,596	2,530
Other debtors			1,751	349
			69,074	46,142	86&884	59,340

CREDITORS: Amounts fal	ling due within	one year	one year
		Group		Charity
		2020 E	2019 f	2020 E	2019 E
Trade creditors		14,123	18,013	10,056	850
Accruals and deferred income		19,030	40,469	16,895	16,496
VAT liability			13,543
Social security and other	taxes	2,177	3,101
Secured bank loan Hire purchase agreement Other creditors		6,862 8,716 662	9,991 13,680	6,862 8,716	9,991 13,680
		51,570	98,797	42,529	41,017
CREDITORS: Amounts falling due after more than one			year
		Group		Charity
		2020	2019	2020	2019
		f	E	E
Hire purchase agreement	falling due
in less than 5years Coronavirus Bounce Back	Loan falling		1,247		1,247
due in less than 5 years Secured bank loan felling	due in less	50,000		S0,000
than 5years Secured bank loan falling	due after	44,045	42,298	44,045	42,298
5years		75,348	77,417	75,348	77,417
		169,393	120,962	169,393	120,962

UNRESTRICTED FUNDS
			Designated-
	Unrealised	General	Capital	Designated—
revaluation		realised	expenditure	Contingency
	reserves	reserves	fund	fund	Total
		E		E	E
Balance at 1January 2020	467,860	414,247			882,107
Income		412,486			412,486
Expenditure		(407,447)			(407,447)
Transfers		(200,088)	50,000	88,000	(62,088)
Balance at 31December 2020	467,860	219,198	50,000	88,000	825,058

RESTRICTED FUNDS
Front	Room	Restoration	Roof
Cinema		Project	Fund	Total
	E	E	E	E
Balance at 1January 2020	5,270	22,785	154,896	182,951
Income		850	354,942	355,792
Expenditure Transfers		(26,594) 2,959	(568,967) 59,129	(595,561) 62,088
Balance at 31December 2020	5,270			5,270

					Net	Long term	Total
	Intangible	Tangible			current	liabilities+	net
	assets	assets	investments		assets	provisions	assets
	E	E		E	E	f	E
At 31December 2020:
Restricted
Restoration	project
Front room Roof fund	cinema				5,270		5,270
Unrestricted					5,270		5,270
Revaluation General	2,453	467,860 201,648			187,883	(171,762)	467,860 220,222
Designated					138,000		138,000
Totalfunds	2,453	669,508		-	331,153	(171,762)	831,352

					Net	Long term	Total
		Intangible	Tangible		current	liabilities+	net
		assets f	assets E	Investments E	assets E	provisions E	assets E
At 31December		2020:
Restricted
Restoration	project
Front room Roof fund	cinema				5,270		5,270
Unrestricted					5,270		5,270
Revaluation			467,860				467,860
General			189,885	4	183,823	(169,393)	204,319
Designated					138,000		138,000
Total funds			657,745	4	327,093	(169,393)	815,449

			Group	Group	Charity	Charity
			2020	2019	2020	2019
			E		E	E
Cash	at	bank	306,379	492,493	282,739	417,815
Cash	in	hand	800	1,000
			307,179	493,493	282,739	417,815

CURZON COM		MUNITY ClhIEMA LTD:
			2020	2019
Turnover:			E
Boxoffice			122,754	403,221
Confectionery		and bar sales	19,655	75,146
Advertising Lounge bar Other			6,807 12,737 51,035	21,801 45,703 6,360
			212,988	552,231
Direct costs:			2020	2019
				E
Film hire			47,125	189,847
Confectionary Direct wages	and bar purchases		13.333 173,475	44,556 181,803
Other direct costs Cinema building expenses			1,189 19,509	4,783 45,252
Administrative		expenses	45,845	73,546
Advertising			1,895	7,066
			302,371	546,853

Other operating	income:	2020	2019
			f
Furlough grants		87,073
Net profit/(loss)		(2,310)	5,378
The aggregate of	the assets, liabilities and funds was:
Assets		49,865	101,745
Liabilities/provisions		(33,958)	(83,967)
Funds		15,907	17,778

		At		Other	At
		start		non-cash	year
		ofyearf	Cashflows E	changes f	end E
Cash at bank	and in hand	493,493	(186,314)		307,179
Coronavirus	Bounce Back loan		(50,000)		(50,000)
Bank loan falling due within 1year		(9,991)	3,200	(71)	(6,862)
Secured bank loan (falling due in
less than 5 years)		(42,298)		(1,747)	(44,045)
Secured bank	loan (falling due
after 5years)		(77,417)		2,069	(75,348)
Hire purchase	agreements	(14,927)	6,332	(121)	(8,716)
		348,860	(226,782)	130	122,208

		At		Other	At
		start		non-cash	year
		ofyear	Cashflows	changes	end
		E	E	E	E
Cash at bank	and in hand	417,815	(135,076)		282,739
Coronavirus	Bounce Back loan		(50,000)		(50,000)
Bank loan falling due within 1year		(9,991)	3,200	(71)	(6,862)
Secured bank	loan (falling due in
less than 5years)		(42,298)		(1,747)	(44,045)
Secured bank	loan (falling due
after 5years)		(77,417)		2,069	(75,348)
Hire purchase	agreements	(14,927)	6,332	(121)	(8,716)
		273,182	(175,544)	130	97,768

	2020	2019
	f	f
INCOME
Other Grants and Donations	540,692	226,165
Boxoffic income	122,754	403,221
Confectionary and bar sales	32,392	120,849
Advertising income	6,807	21,801
Other CInema income	11,004	6,330
Rental Income	54,523	62,794
Bank interest received	106	322
	768,278	841,482
Expenditure forthe year (see page 43)	(1,003,008)	(732,455)
Surplus/(Deficit) for the year	(234,730)	109,027
Funds brought forward	1,065,058	956,031
Funds carried forward	830,328	1,065,058

FOR THE YEAR ENDED		31DECEMBER2020
			2020	2019
				E
EXPENDITURE
Costs of applying for grants and donations			4,298	34,446
Film hire			47,125	189,847
Confectionary and bar	purchases		13,333	44,556
Direct cinema costs Direct cinema wages			1,189 162,981	4,284 169,516
Employers' NIC			7,296	9,197
Employers' pension			3,199	3,090
Freight and carriage Other costs ofsales			649	2,533 382
Staffsalaries			23,472	23,472
Training costs Staffwelfare			350 408	1,730 658
Recruitment expenses				354
Rent			2,700	2,400
General rates and water			5,143	4,151
Light and heat			9,248	14,158
Insurances			13,253	12,622
Premises expenses			1,363
Motor and travelling Telephone and internet			639 2,104	1,102 2,416
Printing, stationery and postage Website maintenance and ITsupport			318 4,890	1,161 3,450
Entertainment/hospitality				38
Repairs and renewals			6,758	21,646
Legal and professional	fees		2,532	41,780
Accountancy and audit Sank and credit card charges			7,350 11,291	5,095 19,301
HP interest payable			1,644	2,570
PRS/PPL charges			1,702	3,681
Laundry and cleaning			11,330	14,942
General expenses			325	966
Subscriptions and llcences			5,576	2,621
Advertising			1,895	7,666
NLHF project manager			7,200	1,600
NLHF Roof Professional		Fees	31,718
NLHF Activity Cowrdinator			1,869
NLHF Roof Restoration	—Contractors		523,472
Activity training			300
Mechanical 8 electrical	fees stage 2		108
Sundry expenses				40
Depreciation			83,601	83,777
Amortisation Provision for deferred tax			818 (439)	1,090 117
			1,003,008	732,455