2021-12-31-accounts - Curzon Clevedon Community Centre For The Arts

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

Reference	and Administrative	and Administrative	and Administrative	information
Charity Name:				Curzon Clevedon Community		Centre for the Arts
Charity Registration		number:		1059389
Company	Registration		number:	03238712
Registered	ONce:			46 Old Church Road
				Clevedon
				North Somerset
				BS216NN
Independent examiner:				Burnside, 61Queen	Square,	Bristol, 8514JZ
Bankers:				Uoyds TSB,Clevedon	Branch

		Unrestricted	Restricted	Total funds	Total funds
		Funds	Funds	2021	2020
	Note	E	E	E	E
INCOIVIE AND EXPENDITURE
Income from:
Grants, donations and legacies Charitable activities Other trading activities Investments		179,918 174,247 98,800 58,992	85,974	265,892 174,247 98,800 58,992	549,854 122,754 41,041 54,629
TOTAL INCOME		511,957	85,974	597,931	768,278
Expenditure on:
Raising funds Charitable activities		53,713 401,058	43,S33	53,713 444,591	38,126 964,882
TOTAL EXPENDITURE	10	454,771	43,533	498,304	1,003,008
Net Income/ (expenditure)		57,186	42,441	99,627	(234,730)
Transfers between funds		(12,706)	12,706
Net movement in funds		44,480	55,147	99,627	(234,730)
Reconciliation offunds:
Total funds brought forward		825,058	5,270	830,328	1,065,058
Total funds carried forward	27	869,538	60,417	929,955	830,328

AT31DECEMBER	202	1
				Group	Group	Charity	Charity
				2021	2020	2021	2020
			Notes	E	E	f	E
FIXED ASSETS
Intangible fixed assets			14	6,805	2,453
Tangible fixed assets			15,16	647,155	669,508	635,322	657,745
Investments			17			4	4
				653,960	671,961	635,326	657,749
CURRENT ASSETS
Stock				5,584	6,470
Debtors			18	45,452	69,074	51,387	86,883
Cash at bank and	in hand			449,3S1	307,179	391,454	282,739
				500,417	382,723	442,841	369,622
CREDITORS: Amounts		falling due
within one year			19	67,509	52,594	45,368	43,553
NET CURRENT ASSETS				432,908	330,128	397,473	326,069
TOTAL ASSETS LESS
CURRENT LIABILITIES				1,086,868	1,002,090	1,032,799	983,818
CREDITORS: Amounts		falling due
After one year			20	153,620	169,393	153,620	169,393
PROVISIONS FOR	LIABILITIES		21	3,293	2,369
NET ASSETS				929,955	830,328	879,179	1,039,518
FUNDS:
Unrea lised revaluation		reserve		467,860	467,860	467,860	467,860
Generalrealised	reserves			263,678	219,198	212,902	203,295
Designated reserves				138,000	138,000	138,000	138,000
Total unrestricted	reserves		25	869)538	825,058	818,762	809,155
Restricted			26	60,417	5,270	60,417	5,270
Total charity funds --			27, 28	929,955	830,32S	879,179	-S14,425-

			Group	Group	Charity	Charity
	Notes		2021	2020	2021	2020
			E	E	E	E
Reconciliation ofnet movement in funds		to
net cash flow from operating activities
Net movement in funds			99,627	(234,730)	64,754	(236,266)
Add back depreciation charge			38,063	83,601	34,119	79,680
Add back amortisation charge			2,268	818
l.ess interest received			(11)	(106)	(11)	(75)
Add hire purchase interest Add bank loan interest			80 5,163	1,644 4,671	80 5,163	1,644 4,671
Decrease/(increase) in stock			886	1,201
Decrease/(increase) in trade debtors			(991)	807	(388)	712
Decrease/(increase) in other debtors			4,144	(3,210)	19,315	(2,019)
Increase/(decrease) in trade creditors			10,035	(3,890)	1,120	9,206
Increase/(decrease) in other creditors			25,461	(54,863)	16,453	(13,640)
Net cash used in operating activities			184,725	(204,117)	140,605	(156,087)
Cash flows from investing activities
Purchase oftangible fixed assets			(15,709)	(16,326)	(11,696)	(13,087)
Purchase of intangible fixed assets			(6,620)
Interest received			11	106	11	75
Cash provided by/(used in) investing	activities		(22,318)	(16,220)	(11,685)	(13,012)
Cash flows from financing activities
Cash inflow from borrowings			616	50,000	616	50,000
Repayment ofborrowing Hire purchase interest paid			(14,112) (1,408)	(9,532) (1,523)	(14,112) (1,408)	(9,523) (1,523)
Bank loan interest paid			(5,301)	(4,922)	(5,301)	(4,922)
Cash provided by/(used in) financing	activities		(20,205)	34,023	(20,205)	34,023
Increase/(decrease) in cash gi cash equivalents			142,202	(186,314)	108,715	(135,076)
Cash &cash equivalents at the beginning
ofthe year			307,179	493,493	282,739	417,815
Total cash Lcash equivalents atthe of-the year-	end	29	449,381 . 307,179-		391~	.282,739--
			14

		Unrestricted	Restricted	Total funds
		Funds	Funds	2020
INCOME AND EXPENDITURE	hlote	E	E	f
Income from:
Grants, donations and legacies Charitable activities Other trading activities Investments		194,062 122,754 41,041 54,629	355,792	549,854 122,754 41,041 54,629
TOTAL IhlCOME		412,486	355,792	768,278
Expenditure on:
Raising funds Charitable activities		38,126 369,321	595,561	38,126 964,882
TOTAL EXPENDITURE		407,447	595,561	1,003,008
Net income/ (expenditure)		5,039	(239,769)	(234,730)

		Total	Total
		2021	2020
		E	E
Income from:
Grants, donations	and legacies	143,127	459,618
Investments		60,192	67,164
TOTAL INCOME		203,319	526,782
Expenditure on:
Charitable activities		138,564	751,876
TOTAL EXPENDITURE		138,564	751,876
Net Income/(expenditure)		64,755	(225,094)
Total funds brought forward		814,425	1,039,519
Total funds carried forward		879,180	814,425
Represented by:
Restricted funds		60,418	5,270
Unrestricted funds		818,762	809,155
TOTAL FUNDS		879,180	814,425

		Unrestricted	Restricted	Total	Total
		Funds	Funds	2021	2020
		E	E	E	E
	Donations from the public Lottery	5,738 526		5,738 526	25,019 510
	Restoration project		960	960	850
	Roof fund
	NLHF Clevedon Town Council The Society ofIvlerchant Balcony fund	Venturers	18,313	18,313	309,238 25,000 5,000
	National Lottery Community
	Award For All		10,000	10,000
	National Lottery Reaching
	Communities		1,542	1,542
	Medlock Charitable Trust Donations from the public		5,000 50,159	5,000 50,159
	NLHF North Somerset Council British Film Institute Job Retention Scheme Grants Other grants and donations	40,890 84,327 47,867 570		40,890 84,327 47,867 570	54,000 34,002 8,862 87,073 300
		179,918	85,974	265,892	549,854
7.	CHARITABLE ACTIVITIES	Unrestricted	Restricted	Total	Total
		Funds	Funds	2021	2020
		E	E	E	E
	Curzon Community Cinema
	- BoxOffice	159,526		159,526	122,754
	-Events	14,721		14,721
		174,247		174,247	122,754

8.	OTHER TRADING	ACTIVITIES	ACTIVITIES	Unrestricted	Restricted	Total	Total
				Funds	Funds	2021	2020
				f	f		f
	Curzon Community		Cinema
	- Confectlonary		sales	33,982		33,982	19,655
	-Lounge bar			24,446		24,446	12,737
	- Advertising	income		2,598		2,598	6,807
	- Interruption	ofbusiness
	insurance	claims		32,267		32,267
	-Other			5,507		5,507	1,842
				98,800		98,800	41,041
9.	INVESTMENT INCOME			Unrestricted	Restricted	Total	Total
				Funds f	Funds	2021 f	2020f
	Rental income			58,981		58,981	54,523
	UK bank interest			11		11	106
				58,992		58,992	54,629

TOTAL EXPENDITURE
			Direct	Other
Total Ex enditure -2021			Staff Costs	Direct Costs		Total
				E		E
Expenditure on raising funds:
Costs ofapplying for grants Curzon Community Cinema		and donations Ltd		9,196		9,196
- Trading income from bar, food
and advertising			8,610	35,907		44,517
			8,610	45,103		53,713
Expenditure on charitable		activities:
Curzon Cinema Restoration Project Rooffund			187,066	203,763 19,425 34,337		390,829 19,425 34,337
			187,066	257,525		444,591
			195,676	302,628	498,304
Total Ex endlture-2020
Expenditure on raising funds:
Costs ofapplying for grants Curzon Community Cinema		and donations Ltd		4,298		4,298
-Trading income from bar,		food
and advertising			8,674	25,154		33,828
			8,674	29,452		38,126
Expenditure on charitable	actlvitlesr
Curzon Cinema Restoration Project Roof fund			188,274	149,807 62,132 564,669	338,081 62,132 564,669
			188,274	776,608	964,882
			196,947	806,060 1,003,008

10.	TOTAL EXPENDITURE (continued)	TOTAL EXPENDITURE (continued)
Other	direct costs include:			2021	2020
				E	E
	Amortisation			2,268	818
	Depreciation			38,062	83,601
	Loan interest	charged at amortised	cost	5,163	4,671
	Wire purchase	interest		80	1,644

			Curzon	Restoration	Roof
~DP	-2221		Cinema E	Project E	Fund E	Total f.
Costs			(390,829)	(19,425)	(34,337)	(444,591)
BoxOffice			159,526			159,526
Net cost	funded	from
other income and funds			(231,302)	(19,425)	(34,337)	(285,065)
brought	forward
			Curzon	Restoration	Roof
P~i- 2D2D			Cinema f	Project f	Fund f	Total f
Costs			(338,081)	(62,132)	(564,669)	(964,882)
BoxOffice			122,754			122,754
Net cost	funded	from
other income and funds			(215,327)	(61,282)	(564,669)	(842,128)
brought	forward

	consisted ofthese activities:		. upport an g	overnance
			2021	2020
			E	E
	Salary costs Office costs Governance costs- Independent	examination	17,750 3,007 8,750	17,719 2,746 7,350
			29,507	27,815
13.	STAFF COSTS AND TRUSTEES' REMUNERATION		2021	2020
			E
	Wages and salaries Social security costs		184,732 7,673	186,453 7,296
	Employer pension contdbutions		3,271	3,198
			195,676	196,947

			2021	2020
			No.	No.
Management	and	administration	3	3
Cinema			11	11
			14	14

		Website	Total
			E
COST
At 1January 2021		7,338	7,338
Additions acquired	separately	6,620	6,620
At 31December 2021		13,958	13,958
AMORTISATION
At 1January 2021		4,88S	4,885
Charge for the year		2,268	2,268
At31December 2021		7,153	7,153
NET BOOK VALUE
At31December 2021		6,805	6,805
At 31December 2020		2,453	2,453

		Fixtures
	Freehold	fittings
	~ro ert	~&e ui t.	Total
			E
COST AND DEEMED COST
At 1January 2021 Additions	1,004,072 10,181	209,284 1,515	1,213,356 11,696
At 31December 2021	1,014,253	210,799	1,225,052
OEPRIECIATION
At 1January 2021 Charge for the year	385,129 24,040	170,482 10,079	555,611 34,119
At 31December 2021	409,169	180,561	589,730
NET BOOK VALUE
At 31December 2021	605,084	30,238	635,322
At 31December 2020	618,943	38,802	657,745

		Fixtures
	Freehold	fittings
	~ro e	~&e ui t.	Total
			E
COST AND DEEMED COST
At 1January 2021	1,004,072	263,720	1,267,792
Additions	10,181	5,528	15,709
At 31December 2021	1,014,253	269,248	1,283,501
DEPRECIATION
At 1January 2020	385,129	213,155	598,284
Charge forthe year	24,040	14,022	38,062
At 31December 2020	409,169	227,177	636,346
NET BOOK VALUE
At 31December 2021	605,084	42,071	647,155
At 31December 2020	618,943	50,565	669,508

Group		Charity
2021	2020	2021	2020
E	E	E	f

DEBTORS
			Group		Charity
			2021	2020	2021	2020
			f	E		E
Trade debtors			1,288	297	685	297
Due from subsidiary		undertaking			6,421	22,546
Prepayments	and accrued income		43,482	46,557	43,255	46,445
VAT repayable				20,469	1,026	17,596
Other debtors			682	1,751
			45,452	69,074	51,387	86,884

CREDITORS: Amounts falling due within o	ne year	ne year
	Group		Charity
	2021	2020	2021	2020
	f			E
Trade creditors	24,158	'14,123	11,176	10,056
Accruals and deferred income	20,803	19,030	17,095	16,895
VAT liability	2,373
Social security and other taxes	2,922	2,177
Secured bankloan	10,434	6,862	10,434	6,862
Coronavirus Bounce Back Loan	5,955		5,955
Hire purchase agreement		8,716		8,716
Other creditors	864	1,686	708	1,024
	67,509	52,594	45,368	43,553
CREDITORS: Amounts falling due after more than one		year
	Group		Charity
	2021	2020	2021	2020
	f	f	f	f
Coronavirus Bounce Back Loan falling
due in less than Syears	23,819	23,529	23,819	23,529
Coronavirus Bounce Back Loan falling
due after Syears	20,842	26,471	20,842	26,471
Secured bank loan falling due in less
than Syears	45,631	44,045	45,631	44,045
Secured bank loan falling due after
5years	63,328	75,348	63,328	75,348
	153,620	169,393	153,620	169,393

UNRESTRICTED FUNDS
			Designated-
	Unreallsed	General	Capital	Deslgnated-
revaluation		realised	expenditure	Contlngency
	reserves	reserves	fund	fund	Total
	E	f		E	E
Balance at 1January 2021	467,860	219,198	50,000	88,000	825,058
Income		511,957			511,957
Expenditure		(454,771)			(454,771)
Transfers		(12,706)			(12,706)
Balance at 31December 2021	467,860	263,678	50,000	88,000	869,538

RESTRICTED FUNDS
Front	Room	Restoration	Roof	Balcony
Cinema		Project	Fund	Fund	Total
	E	E	E	E	E
Balance at 1January 2021	5,270				5,270
Income		960	18,313	66,701	85,974
Expenditure			(31,019)	(12,514)	(43,533)
Transfers			12,706		12,706
Balance at 31December 2021	5,270	960		54,187	60,417

ANALYSIS OF NET	ASSETS - GRO	UP
					Net	Long term		Total
	Intangible	Tangible			current	liabilities	+	ne't
	assets	assets	Investments		assets	provisions		assets
	E	E		E	E		E	E
At 31December 2021:
Restricted
Front room cinema					5,270			5,270
Roof fund					960			960
Balcony fund					54,187			54,187
					60,417			60,417
Unrestricted
Revaluation		467,860						467,860
General	6,805	179,295			234,491	(156,913)		263,678
Designated					138,000			138,000
Total funds	6,805	647,155			432,908	(156,913)		929,955

					Net	Long term	Long term	Total
		Intangible	Tangible		current	liabilities	+	net
		assets	assets	Investments	assets	provisions		assets
		E	E	F.	f		E	E
At 31December		2021:
Restricted
Restoration	project				960			960
Front room cinema					5,270			5,270
Balcony fund					54,187			54,187
					60,417			60'417
Unrestricted
Revaluation			467,860					467,860
General			167,462	4	199056	(153620)		212902
Designated					138,000		-	138,000
Total funds			635,322	4	397,473	(153,620)		879,179

CURZON COM	MUNITY CINEMA LTD:
		2021	2020
Tur'novel-.		f	f
Boxoffice		159,526	122,754
Confectionery	and bar sales	33,982	19,655
Advertising		2,598	6,807
Lounge bar		24,446	12,737
Events		14,721
Other		90,404	51,035
		325,677	212,988
Dlr'ect costs:		2021 f	2020f
Film hire		70,271	47,125
Confectionary	and bar purchases	20,950	13,333
Direct wages		172,204	173,475
Other direct costs		27,427	1,189
Cinema building expenses		25,101	19,509
Administrative	expenses	50,514	45,845
Advertising		4,472	1,895
		370,939	302,371

Other operating		2021	2020
		E	E
Furlough grants		47,867	87,073
Insurance claims		32I267
hlet profit/(loss)		34,872	(2,310)
The aggregate ofthe assets, liabilities	and funds was:
Assets		83,661	49,865
Liabilities/provisions		(32,881)	(33,958)
Funds		50,780	15,907

		At		Other	At
		start ofyear E	Cashflaws E	non-cash changesf	year end E
Cash at bank	and in hand	307,179	142,202		449,381
Secured bank	loan (failing due
within 1year)		(6,862)	6,723	(10,295)	(10,434)
Secured bank	loan (falling due in
less than 5years)		(44,045)		(1,586)	(45,631)
Secured bank	loan (falling due
after 5years)		(75,348)		12,020	(63,328)
Other bank loans (falling due
Within 1year)				(5,955)	(5,955)
Other bank loans (falling due in
Less than 5 years)		(23,529)		(291)	(23,820)
Other bank loans (falling due
after 5years)		(26,471)		5,629	(20,842)
Hire purchase	agreements	(8,716)	7,388	1,328
		122,208	156,313	850	279,371

		At		Other	At
		start		non-cash	year
		ofyear	Cashflaws	changes	end
		E	6	E	E
Cash at bank and in hand		282,739	108,715		391,454
Secured bank	loan (falling due
within 1year)		(6,862)	6,723	(10,295)	(10,434)
Secured bank	loan (falling due in
less than 5years)		(44,045)		(1,586)	(45,631)
Secured bank	loan (falling due
after 5years)		(75,348)		12,020	(63,328)
Other bank loans (falling due
Within 1year)				(5,955)	(5,955)
Other bank loans (falling due in
Less than 5years)		(23,529)		(291)	(23,820)
Other bank loans (falling due
after 5years)		(26,471)		5,629	(20,842)
Hire purchase	agreements	(8,716)	7,388	1,328
		97,768	122,826	850	221,444

FOR THE YEAR ENDED 31DECEMB	ER2021
		2021 E	2020f
INCOME
Other grants and donations		265,892	549,854
Boxoffice income		159,526	122,754
Events		14,721
Confectionary and bar sales		58,428	32,392
Advertising income		2,598	6,807
Interruption ofbusiness insurance	claims	32,267
Other cinema income		5,507	1,842
Rental income		58,981	54,523
Bank interest received		11	106
		597,931	768,278
Expenditure for the year (see page	43)	(498,304)	(1,003,008)
Surplus/(Deficit) for the year		99,627	(234,730)
Funds brought forward		830,328	1,065,058
Funds carried forward		929,955	830,328

DETAILED CONSOLIDATED INCOME AND EXPENDITURE FORTHE YEAR ENDED 31DECEMBER2021	ACCOUNT
	2021	2020
	6	6
EXPENDITURE
Costs ofapplying forgrants and donations Film hire Confectionery and bar purchases Direct cinema costs Direct cinema wages Employers' NIC Employers' pension Freight and carriage Other costs ofsales Staff salades Training costs Staff welfare Rent General rates and water Light and heat Insurances Premises expenses Motor and travelling Telephone and internet Printing, stationery and postage Website maintenance and ITsupport Repairs and renewals Legal and professional fees Accountancy and audit Bank and credit card charges HP interest payable PRS/PPL charges Laundry and cleaning General expenses	9,196 70,271 20,950 59 161,260 7,673 3,271 1,727 26,182 23,472 535 500 300 627 9,746 11,599 8,596 1,802 421 3,234 8,408 1,840 8,750 14,865 80 1,604 13,127 784	4,298 47,125 13,333 1,189 162,981 7,296 3,199 649 23,472 350 408 2,700 5,143 9,248 13,253 1,363 639 2,104 318 4,890 6,758 2,532 7,350 11,291 1,644 1,702 11,330 325
Subscriptions and licences Advertising NLHF project manager NLHF Roof Professional Fees NLHF Activity Cowrdinator NLHF Roof Restoration —Contractors Activity expenses	7,023 4,472 7,567 5,835 20,542 216	5,576 1,895 7,200 31,718 1,869 523I472
Activity resources	177
Activity training Mechanical fkelectrical fees stage 2 Depreciation Amortisation Bad debts written off	38,062 2,268 75	300 108 83,601 818
Provision for deferred tax	1,188	(439)
	498,304	1,003,008