## |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| |10,|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|| ||**9**9(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|all been|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|