Charity registration number:
Company Registration number:
1058389
03238712
CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
(COMPANY LIMITED BY GUARANTEE)
CONSOLIDATED FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
REPORT AND CONSOLIDATED FINANCIAL STATEMEKrs
FOR THE YEAR ENDED 31 DECEMBER 2023
CONTENTS
Pa
Trustees. report
i-io
Independent examinerfs report
11
Consolidated statement of flnancial activities
12
Balance sheets
13-14
Staternent of cash flow
15
Note5 to the consolidated financial statements
16-42
Registered chartty number- 1058389
Company number- 03238712

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ART5
COMPANY LIMITED BY GUARANTEE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31" DECEMBER 2023
The Trustees are pleased to present their report together with the consolidated financial
statements of the charity and its subsidlary for the year ending 31 December 2023, which are
a150 prepared to meet the requirementsfor a directors, report and accounts for Companies Att
purposes.
The financial statements comply with the Charities Act 2011, Companies Act 2006, the
Memorandum and Articles of A550ciation, and Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland
(FRS 1021 (effective l January 20191- (Charities SQRP IFRS 102)), the Financial Reporting
standard applicable in the UK and Republic of Ireland IFRS 1021.
Our
oses and Activitles
The purposes of the charity are:
a) To promote, maintain, improve and advance education of the public in Clevedon and
the surrounding area generally and encouragernent of the Arts.
b) To provide facilltles in the interests of social welfare for the recreation and leisure
time occupation of the residents of area5 aforesaid without distinction of sex or
politlcal, reli8ious or other opinions and with the object of improving the conditions of
life for the said inhabitants.
c) To presenle for the benefit of the public the Curzon Cinema and the collection of
hi5torlc cinematographic artefacts belonging to the charity.
The charlty furthers it5 objects by carryin8 Out the following activitles:
Providingfilm and cinema-related entertainment and educational activities and
exhibitions of cinematographic heritage at the historic Curzon Cinema in Clevedon.
The Arts are furtber encouraged by live performance5 of music, comedy and drama
and by exhibitions of craft and fine art.
Operatlng the Curzon Cinerna in Clevedon.
Refurbishment and conservation of the historic Curzon Cinema in Clevedon, and
conservation of the Curzon Collection of cinema heritage technology.

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31" DECEMBER 20231Corrtinued)
Achlevements and Performance
ChalPs Report
This financial year was the first fvll year of my Chairmanship and the year in which our Chief
Executive Officer, Andrew Caddy, joined us in the February. I shall leave Andrew to report on
operational matters and Daniel Cheesman, our Treasurer, to report on financial matters.
2023 was a year of change and an opportunity to re-assess programming and profitability as
well a5 possible next steps in the development and restoration of the cinema building as well
as the stafflng structure. It was clear that traditional cinema audiences had still not returned to
their pre-covid levels and so action was needed to diversify our programme into more live
events and to link more film screenings to live activity. This led in September 2023 to the launch
and successful deliveryof the Season One programme which itself then informed 2024's Season
Two programme. It was heartening to see improved profitabllity and attendance which has
continued. The audiences forthe main film programme had a welcome lift in the summer with
the releases of Barbie and Oppenheimer.
During the autumn, the Board undertook an audit of the trustees, individual skills and identified
where these could be stren8thened. We advertised for new trustees who had particular
qualifications and had a very good response. Following short-listing and interviews, Invltations
were issued to potential new trustees who will be proposed formally at the AGM,
15hould like to thank our Board of trustees for their work and support durlng the year, In
particularthanks are due to all the staff and volunteers who have worked so hard and who have
shown such dedication and flexibility to make the Curzon the continulng succe55 it is and to
maintain the Curzon's important role in our local community.
Davld Sherldan
Chalr
Chief Executive's Report
I was lucky enou8h to start working at the Curzon in February of 2023, the week that the
balcony reopened to the public after being closed for 50 years. In 1973, responding to soarin8
energy costs and dwindling audience5, a false ceiling was installed, closing off the grandeur of
the vaulted roof. COVID closures, combined with a major renovation of the cinema's roof
provided the opportunity for5taff and trustees to take the decision to refurbish and reopen the
balcony.
Following the trend of boutique cinemas, the capacity of the balcony was reduced to 49 but
has been lavlshly furnished with comfortable armchairs and sofas, offering variety with two
rows of reupholstered cinema flip-seats. It reopened to a sold-out gala screening of Roman
Holiday and it wa5 wonderful to hear stories from the audience, Including one couple who

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2023 (Continued)
remembered being children and throwlng sweets from the balcony onto unlucky cinemagoers
below {we'll be keepin8 our eyes out for this)!
The balcony has been a huge success with audiences thi5 year and is regularly the first section
to be sold out on busy nights. As we look to the future, it's helpful that the long-term decision
about the configuration of the auditorlum has been settled, 8ivin8 us an impressive and large
space to deliver our pro8ram.
Our program has developed immeasurably overthe last three years, thanks to investment from
the National Lottery Heritage Fund to support an activity programme that ran alongside the
roof renovations. Over the three years of the project, we ran 33 initiatlves with a total of 4,677
people involved. Most impactfully for the future, these projects involved working with a wide
range of new partners, including Clevedon Skate Project, Marlens, Afrika Eye Festival, Heritage
Open Days, Raise the Bar, Clevedon YMCA, Clevedon Literature Festival, Cargo Collective,
Cinema Redlscovered. Clevedon Football Club, Royal Photographic Society, and Clevedon
School.
My sincere thanks go to the National Lottery Heritage Fund and all of our supporters for their
guidance and funding overthe last five years, With a building that doesn't leak, a resplendently
reopened balcony, and deep-rooted networks growing in the community, the recent capital
works have given me a wonderful foundation to build on as the new Chief Executive.
2023wa5 a challenglngyearfor cinemas as audiences returned moreslowlythan expected after
the pandemic. The double whammy of changing appetites in favour of streaming services and
on-demand content, as well as delays to film productian during COVID-19, left nationwide
audiences 22% lower than pre-pandemic levels. De5Plte the runawaysucce5s of 8arbenheimer
durin8 the summer and Timothée Chalamet's portrayal of Wonka at Christmas, this trend was
mirrored in our admission numbers, which were 56,742, down 23% from 73,829 in 2019.
Despite th15, we have been able to attract large audiences for events and screenings with live
elements. These include events like comedy nights, films with music in the bar beforehand, or
Q&As wlth filmmakers or community groups.
During the year, we received £10,000 from the UK shared Prosperity Fund to develop a season
of curated events, delivered alongside community partners and showcasing local performers.
This program was manifested in ourSea50n One program of events, which ran from September
to December. The program contained six strands. each exploring the intersection of film with
other art forms:
Outdoor Adventure- Stories of hope and endurance in the great outdoors
Connections- Embracing the essence of community within a global mindset
Off the Page- Celebrates literature and spoken word
Classic & Cuppa
Offers classic films and a hot drink for matinee midweek
audiences
Sound & Vislon- Brings the building alive with the best music/film combos
Comedy- Live comedy nights that get our audiences laughing

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31s1 DECEMBER 2023 (Continued)
Across these themes, we held 43 events and screenings, including Big vs Small + Q&A with the
local marine lake swimming community, Gary Delaney, A Life on the Farm with Q&A with the
film's director, an evening of spoken word with Raise the Bar, a screening of The Commitments
with a pre-show perfonnance by local blues musicians Jonah Hitchens Band, An Affair to
Remember with The Cary Grant Festival, and a joyous post-christmas treat as our volunteer
organist Bernle Brown provided live accompaniment to a duo of Buster Keaton films.
In total acr05S the season, we attracted an audience of 5,285, with an average attendance of
123 people, 64% higher than our average film audience of 75. During a difficult trading period
for cinemas, these additional audiences played a vital part in achieving a small surplus for the
trading company across the financial year.
Feedback from our audiences has been incredibly positive aboutthe breadth and variety in the
new program, which has led to many new conversations with other community partners about
future programming. Off the back of the Season One, we successfully applied for funding of
£19,000 from the Rural England Prosperity Fund to Upgrade our light and sound equipment for
events in early 2024. This will turbo-charge the development of our live events, enabling us to
run much more professional live events in Season Two and beyond.
Delivering a wide range of live events and screenings in addition to our maln program of
blockbusters has put added pre<sure on our staff and volunteer workforce. l am tremendously
proud of how well they have all risen to the challenge and would like to thank them for their
f]exibility and dedication to learning new skills and delivering events in different ways. I'm
incredibly excited about what we will be able to achieve together.
I would Ilketo thank all the donors and supporter5 who gave money to Curzon Cinema and Arts
during the year and helped to fund the balcony renovations and our charitable attivities: The
Natlonal Lottery Community Fund, Clark Foundation, Medlock Charitable Trust, The Roger and
Sarah Bancroft Clark Charitable Trust and to all the senerous individuals who make our work
possible.
As we lookto the future, we wlll build on the many successes of 2023- reopeningthe balcony
after SO years, developin8 a strong network of community partner5, and deliverin8 our first
season of multi-disciplinary artistic events. Following a market research project, the trustees
and management have been developing a new strategic plan for the period 2024-29, which
builds on thetremendous foundations the cinem3 has built overthe last few years and will map
out what we hope to achieve both in our community programme and future capital works to
make the most of our wonderful cinema,
Andrew Caddy
Chlef Executlve Officer

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31$t DECEMBER 2023 (Contlnued)
Financlal revlew
The charitrfs main charitable activity, that of running the Curzon Cinema thfough Its trading
subsidiary Curzon Community Cinema Ltd made strides to recovering from the impacts to the
cinema industry from the COVID-19 pandemic. The box office income was £355,899 in 2023
{2022- £277,366) and confectionary and bar sales increased to £165,360 (2022- £108,542).
The charity received £41,57412022 - £44,989) in grants and donations of which £37,981 was
restricted (2022- £18,972).
Overall income was £680,708, 29.4% higher than the previou5 year12022- £526,063).
Total expenditure for the year was £717,586, 28.0% hlgher than the previous year12022
£560,300). Total restrictsd expenditure in the year was £33,80512022 - £11,844).
The net deficlt of income over expenditure for the year is £36,878 {2022- deficit of £34,273).
This includes an unrestricted deficit after transfer of funds of £32,314 for the year and
restritted deficit of £4,564 for the year.
At theyear-end, the group had total funds of £858,840, of which £1,184 were held in restricted
funds. Net current assets at 31 December 2023 were £160,217.
Treosurerfs Report
2023 has seen the Curzon continue to recover from the post pandemic narrative of the last
couple of years. The figures, show encouraging signs of getting back to being a profit making
cinema and we expectto see the cinema increasing its contribution to the charity if we continue
on thistrajectory.
Income for 2023 Improved by 29%, year on year to £630,708 in part, reflettion of the first full
year of unrestricted trading following the pandemlc. As expected, costs also increased by 28%
to £717,586, of which £54.101 was depreciation of fixed assets, which included the new
balcony. This meant that the charlty, w35 impacted by this depreciation and made a Ios5 of
£36,878 for the year,
We should be optimistic though in that the trading company (cinema) returned to profitability
with a Surplus of £7,871, after a loss of £28,512 last year. Thls was helped with the successful
openlng of the balcony and creative programming with the introduction of the Season One and
Two.

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31" DECEMBER 2023 (Continued)
I would 3150 like to acknowledge that our new CEO Andrew Caddy has really added value to the
team from a financial perspective and we are very fortunate to benefit from his accountancy
background and financial acumen.
As always, my thanks to Jan Cromey, our Finance Manager whose dlligence and experience of
the Curzon means that our finances are appropriately managed on a day-to-day basis.
Danlel Cheesman
Treasurer
Reserves Poli
The Trustee5 have decided that to further secure the continuance of the charity, the reserves
policy should be such that the free reserves should wherever possible and appropriate, be
£150,000. This currently equates to 2.6 months of unrestrirted expenditure.
The netcurrent assets in unrestricted general funds, equlvalent to worklngcapital, of the group
at 31 December 2023 were £56,961 {as dlsclosed iii note 26) plu5 £88,000 which is designated
to 'the graceful winding up of the charity if ever required,. Giving total available reserve5 of
£144961, which includes loans repayable after one year of £35,722.

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31" DECEMBER 2023 (Contlnued)
Referen¢e and Admlnlrtrative Information
Charity Name:
Curzon Clevedon Community Centre forthe Arts
Charity Registration number:
1058389
Company Registration number:
03238712
Registered Office:
46 Old Church Road
Clevedon
North Somerset
BS216NN
Independent examiner:
Burnside, 61 Queen Square, Bristol, BS14JZ
Bankers:
Lloyds TSB, Clevedon Branch
Dlrector5 and trustees
The director5 of the charitable Company are Its trustees for the purpose of charity law and
throughout thi5 report are collectively referred to as the Trustees.
The trustee5serving during the year, and since the year end, were as follows:
David Sheridan
Nlall Johnson (resigned 16 August 2023)
Tara Judah
David Turner
Rlchard Young {resigned 16 August 2023)
Cara Macmahon
Daniel Cheesman
Katie Lee
Charlatte Crofts (appointed 25 March 2024)
Nigel Dyke (appointed 25 March 2024)
Jeremy Hayward (appointed 29 July 2024)

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
REPORT OF TrIE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2023 Icontlnued)
Senior Mana
ement Team
Susann3h Shaw, Chief Executive (to February 20231
Andrew Caddy, Chief Executive Ifrom February 2023}
Jan Cromey, Finance Manager
Gemma 8urchill, Front of House Manager
Petra Mansour, Marketing Manager
Clare Mactaggart, Facilitles Manager {to 19 July 20241
Structure Governance and Mana
Governin
Do¢ument
ement
Curzon Clevedon Communlty Centre for the Art5 is a charitable company limited by guarantee,
incorporated as a re8lstered charity on 16 August 1996. It wholly owns a subsidiary trading
company, Curzon Community Cinema Limited which was incorporated on 26 September 1996.
The charitywas established under a Memorandum of Association which establishes the objects
and powers of the charitable cornpany and is governed under its Articles of Association. In the
event of the company being wound up members are required to contribute an amount not
exceeding £1.
ointment of Trutt
Trustee5 are elerted by the members at the Annual General Meeting of the charity. Trustees
are elerted to Serve for a period of three years, after whlch they can be re-elerted for a further
three-year period. The Trustees may appoint a new trustee to the board, and new trustees are
appointed as and when specific new skills and expertise are required. Any trustee appointed
bythe Board of Trustees holds office until the next Annual General Meetin8 and 15 then eligible
for election.
Tru
ee Inductlon and Trainln
New trustees undergo a briefing with the chairman which cover5, among other things, their
legal obligations under charity and company law, the content of the Memorandum and Articles
of Association, the committee and decision making processes, the business plan and financial
performance of the charity. They 3150 V15it the Cinema and its office to meet key employees
and to Eain an understanding of the work being conducted In the or8anisation.
New trustees receive key documentation such as the Memorandum and Articles of Association
and the latest financial statements and reports. Prospective new trustees 8enera.lly attend a

CURZON CLEVEDON COMMUNITY CENTrE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2023 (Contlnued)
few board meetlngs as obseniers before a final decision is made on their appointment to the
board.
anlsation
The Board of Trustees administers the charity and is responsible for its strategic direction and
policy. The Board meets bi-monthly. A Chief Executive 15 appointed by the Trustee5 to manage
the day to day operations of the charity and to ensure that the charity delivers the services
specified and that key performance indicators are met.
Related Partles
There are no other charities that are related to the Cur20n Clevedon Community Centre forthe
Arts.
Rlsk Mana
ement
The Trustees regularly review the principal risks which the charity may face and oversee the
Implementation of procedures designed to minimise any potential impact on the charity should
those risks materialise. A key element in the management of financial risk is the setting of a
reserves policy and its regular review by the Trustees.
Public benefits
The Charlty Commlssion in its 'Charities and Public Benefit, Guidance requires that there are
two key princlples to be met in order to show that an organisation's aims are for the public
benefrt.. first, there must be an identifiable benefit and secondly, the benefit must be to the
public or a settion of the public.
Curzon Clevedon Community Centre for the Arts aims to benefit the public directly by the
provision of educational activities and information related to film and cinema technology and
heritage and by providing arts and recreational facilities to the people of Clevedon and the
ider area in the operation of the Curzon cinema. It also aims to benefit the public by
maintaining, conserving and seeking to restore the bullding in accordance with it5 heritage
status.

CURZON CLEVEDON
OMMUNITY CENTRE FOR THE A
COMPANY LIMrrED BY GUARANTEE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2023 (Continued)
Trustees. Res
onslbllitles
The Trustees are required by company law to prepare financial statements which give a true
and fair view of the state of affairs of the charity at the end of the financi31 year and of the
income and expenditure of the charity for the year ended on that date. In preparing thoso
financial statements, the Trustees are required to:
select suitable accounting policies and apply them consistently
make judgements and estimates that are reasonable and prudent
prepare the financial statements on a goin8 concern basis unless it is inapproprlate to
presume that the charity will continue in buslness
The Trustees are also responsible for keeping proper accountin8 records which disclose with
reasonable accuracy at any time the financial position of the charity and to enable them to
ensure that the financial statements comply with the Companles Act 2006. They are also
responsible for safeguardln8 the assets of the ch?rity and hence for taking reasonable steps for
the prevention and detectlon of fraud and other Irre8ularlties.
The Trustees confirm that they have given due regard to 8Utdan¢e published by the Charlty
Commission as required by Se¢iion 4 of the Charities Att 2011.
In so far as the Trustees are aware:
there is no relevant information of which the charÈtable Company's independent
oxaminers are unaware. and
the Trustees have taken all steps that they ought to have t3ken to make themselves
aware of any relevant Informatian and to establish that the independent examiners are
aware of that Information
No Trustees or their relatèd parties have received benefrt or remuneration from the
charitable company.
BY ORDE
BOAR
DAVID SHERIDAN
TRUSTEE
DATE I R￿a￿sf knz£t.
10

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
INDEPENDENT EXAMINER'5 REPORT TO THE TRUSTEES OF
CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
"the Com
I report to the charity trustees on my examination of the accounts of the Company for the year
ended 31 December 2023.
Re5ponslbllities and baSF5 of report
As the charity's trustees of the Company land also Its directors for the purposes of company lawl you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies
Act 2￿6 {'the 2006 Act,).
Having satisfied myself that the accounts of the Company are not requlred to be audited under Part 16 of
the 2006 Act and are eligible for independent examination, I report in respect of my examination of your
chariws accounts as carrled out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying
out my examination I have followed the Direttions 8Èven by the Charity Commission under settion 145{51
{b} of the 2011 Act.
Independent examlnees statement
Since the Compan¢s gr05s income exceeded £250,000 your examiner must be a member of a body listed
in sertion 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l a
member of the Institute of Chartered Accountants in England and Wales. which Is one of the listed bodies.
I have completed my examinatlon. I conflrm that no matters have come to my attention in connectlon
with the examlnation giving me cause to believe.,
accounting records were not kept in respect of the Company a5 required by section 386 of the
2006 Act. or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other
than any requirement that the accounts give a 'true and fair view which Is not a matter considered
as part of an independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accountiftg and reporting by charities [applicable to
charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland IFRS 102)].
I have no concems and have come across no other matters in connection with the examination to which
attention sh
reached.
Id be drawn in this report in order to enable a proper understandlng of the accounts to be
Sl8ned:
Name: Stephen Burnslde FCA
Relevant professlonal body: Institute of Chartered Accountants in England & Wales
Address: Burnslde Chartered Accountants. 61 Queen Square, Brlstol, BSI 4JZ
Date:
11

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
CONSOLIOATED STATEMENT OF FINANCIAL AcfiviTIES
FOR THE YEAR ENDED 31 DECEMBER 2023
Unrestricted
Funds
Restricted Total fund5 Total funds
Funds
2023
2022
Note
INCOME AND EXPENDITURE
Income from:
Grant5, donations and legacies
Charitable activities
Other trading activitles
Investments
3,593
355,899
225,281
57.954
37,981
41,574
355,899
225,281
57,954
44,989
277,540
143,134
60,400
TOTAL INCOME
642,727
37,981
680,708
526,063
Expendlture on:
Raisin8 funds
Charitable activities
99,112
584.669
99,112
618,474
67,267
493,033
33,805
TOTAL EXPENDITURE
10
683.781
33,805
717,586
560,300
Net Incomel (expendlture)
{41,054)
4,176
{36,878)
{34,237)
Transfers between fund5
8,740
18,740)
Net movement In funds
132,314)
(4,564)
136,8781
134,237)
Recondliatlon of funds:
Total funds brought forward
889,970
5,748
895,718
929,955
Total funds carried forward
26
857.656
1,184
858,840
895,718
The notes on pages 16 to 42 form part of these financlal statements.
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The prior year Consolidated Statement of Flnancial Activities 15 provided in note 4.
12

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
BALANCE SHEETS
AT 31 DECEMBER 2023
Group
2023
Group
2022
Charity
2023
Charity
2022
Notes
FIXED ASSETS
Intangible fixed assets
Tangible fixed asset5
Investments
14
3,775
15, 16 744,642
17
5,104
724,452
732,048
713,425
748,417
729,556
732,052
713,429
CURRENT ASSETS
Stock
Debtors
Cash at bank and in hand
6,845
89,473
232,417
5,692
54,421
346,072
18
87,842
169,201
53,521
323,652
328,735
406,185
257,043
377,173
CREDITORS: Amounts falling due
within one year
19
182,590
97,188
96,826
46,379
NET CURRENT ASSETS
146, 145
308,997
160,217
330,794
TOTAL ASSETS LESS
CURRENT LIABILITIES
894,562 1,038,553
892,269 1,044,223
CREDITORS: Amounts fallin8 due
After one year
20
32,752
139,957
32,752
139,957
PROVISIONS FOR LIA81LITIES
21
2,970
2,878
NET ASSErs
858,840
895,718
859,517
904,266
FUNDS:
Unreallsed revaluation reserve
General realised reserves
Designated reserves
467,860
175,854
213,942
467,860
264,125
157,985
467,860
176,531
213,942
467,860
272,673
157,985
Total unrestricted reserves
24
857,656
889,970
858,333
898,518
Restrirted
1,184
5,748
1,184
5,748
Total charity funds
26, 27 858,840
895,718
859,517
904,266
13

CURZON C
EVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
BALANCE SHEETS
AT 31 DECEMBER 2023 {continuedl
The directors are satisfied that the company 15 entitled to exemption from the provision5 of the
Companies Act 2006 Ithe Act} relating to the audit of the Financial statements for the year by virtue
of section 477. and th3t no member or members have requested an audit pursuant to section 476 of
the Act.
The directors acknowledge their responslbilitie5 for..
{il ensuring that the Company keeps adequate accounting records which wmply with section 386
of the Act, and
lil) preparing financial statements which give a tNe and fair view of the state of affairs of the
company as at the end of the financial Year and of Its profit or loss for the financial year in
accordance with the requirements of section 393, and whlch otherwise comply with the
requirement5 of the Act relating to financial statements, so far as applicable to the company.
The trustees have prepared groijp accounts in accordance wlth section 398 of the Companies Act
2006 and section 138 of the Chdrities Act 2011. These financial st3tements have been prepared in
accordance with the special prov¢Sions for small companies under Part 15 of the Companie5 Act 2006
and with the FinaThc131 ReportinLI Standard applicable in the UK and Republic of Ireland IFRS 1021
(effective l January 20191 {Charities SORP (FRS 10211. the Financial Reporting standard applicable
in the UK and Republic of Ireland {FRS 102),
These fi'nancial statements were approved bythe direttors and authorised forlssue on 13ffj812024 , and
are signed on their behalf by-
13108rd024
DAVID SHERIDAN
TRUSTEE
DATE
13n)8r2024
DANIEL CHEES aAN
TRUSTEE
DATE
The notes on pa8e$ 16 to 42 form part of these financial statements.
Company number- 03238712
14

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
STATEMENT OF CASHFLOW
FOR THE YEAR ENDED 31 DECEMBER 2023
Group
2023
Group
2022
Charity
2023
Charity
2022
Notes
Recondliation of net movement In funds to
net cash flow from operating activltles
Net movement In funds
Add back depreciation charge
Add back amortisation charge
Less interest recelved
Add hire purchase interest
Add bank loan interest
Decrease/(increase) in stock
(Increase) in trade debtor5
Ilncrease)/decrease in other debtors
Increase/(decrease) in trade creditors
Increase/{decrease) in other creditors
(36,878) (34,2371 {44,7501 25,087
58,494
36,090
54,101
32,415
1,329
1,701
(1,0351
11041
{984)
{1041
6,777
8,364
{1,1521
1109)
(11,1921 {4,688) 112,577)
17681
123,8591 (4,281) (21,744) {2,393)
13,062
11,776
6,456
(1,418)
17,889
653
3,856
6,777
8,364
Net cash used Sn operatlng activitles
34.638
32,401
(12.068) 65,039
Cash flows from Investlng actlvltles
Purchase of tangible fixed assets
Purchase of Intanglble fixed assets
Interest received
{78,6841 (113,387) 172,723) (110,518)
1,035
104
984
104
Cash provlded by/(used In) Investln8 activities (77,649) (113,283) {71.739) (110,414
Cash flows from financing artlvltles
Cash Inflow from borrowings
Repayment of borrowing
Hire purchase interest paid
Bank loan interest paid
(63,2311 (15,933) 163,231) (15,9331
(7,413) {6,4941 (7,413) {6,4941
Cash provided by/{used in) financlng artFvlties 170,644) (22,427) {70,644) 122,427)
Increasel(Kle¢rease) In cash & cash equlvalentsl113.6551 (103,309) {154,451) {67.8021
Cash & cash equivalents at the beginning
of the year
346,072 449,381 323,652 391,454
Total cash & cash equlvalents at the end
of the year
28 232,417 346,072 169,201 323,652
15

CURZON CLEVEDON COMMUNITY CENTRE FOR THE Airrs
COMPANY LIMITED BY GUARANTEE
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
GENERAL INFORMATION
The company is a private company limited by guarantee, registered in England and Wales, The
address of the registered office is 46 Old Church Road, Clevedon, BS216NN.
STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance wrth FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,.
ACCOUNTING POLICIES
{a) 8asi5 of preparatlon
The ftnancial statements have been prepared in accordance with Accountlng and
Reporting by Charities.. Statement of Recommended Practice applicable to charities in
preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland {FRS 1021 (effective l January 20191- (Charities SORP
{FRS 10211, the Financièl Reporting standard applicable in the UK and Republic of Ireland
{FRS 102) and the Companle5 Act 2006. Asset5 and liabilities are Initially recognised at
historical cost or transaction value unless otherwise stated in the relevant accounting
policy note(s).
(bl Golng Concern
On 31 December 2023, the group had total fvnds of £858,840 (2022 £895,718).
Restricted funds amounted to £1,184 (2022 - £5,748}. The free reserves of the charity,
belng unrestrirted general reserves held in net current assets totalled £56,961. The target
for free reserves is £150,000 which currently equates to 2.6 months unrestritted
expenditure.
th
Budgets and cash flow forecasts have been prepared to 30 September 2024 that show
the charity will have cash resources to operate until then.
The trustees therefore have a reasonable expectation thatthe charitywill be in operation
12 months from the date of approval of these accounts and that the charity remains
going concern. The accounts have therefore been prepared on a going concern basis.
16

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023 Icontinuedl
ACCOUNTING POLICIES (continued)
(cl Judgements and key sources of estimatlon uncertalnty
The preparation of the financial statements require5 management to make judgements,
estimates and assumptions that affect the amounts reported, These estimates and
Judgements are continually reviewed and are based on experience and other factors,
includin8 expectations of future events that are believed to be reasonable under the
circumstances.
(d) Group financlal statements
The financlal rtatements consolidate the results of the charity and its wholly owned
subsidiary Curzon Community Cinema Ltd on a line-by-line basis, A separate Statement
of Flnancial Activities and income and expenditure account for the charity has not been
presented because the charity has not been presented because the charity has taken
advantage of the exemption afforded by the section 408 of the Companies Act 2006.
(e) Income
Items of income are recognised and included in the accounts when all of the following
criteria are met:
The charity and its subsidiary have entitlement to the funds.
Any performance conditions attached to the items of income have been met or
are fully within the control of the charlty or its subsidiary.
There is sufficient certainty that receipt of the income is considered pmbable.
The amount can be measured reliably.
Donations. grants ond sponsorship
Income from donations, grants and sponsorship, including capital grants, is included in
income when these are receivable, except as follow5:
when donors specify that donations and grants 8iven to the charity must be
used in future accounting periods, the income is deferred untll those periods,"
and
when donors impose conditions which have to be fulfilled before the charity
become5 entitled to use such Income, the income is deferred and
not included In incoming resources until the pre-conditions for use have been
met.
When donors specifythat donations and grants, includingcapital grants, are forparticular
restricted purpose5, which do not amount to pre-condltions regarding
17

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY UMITED B Y GUARANTEE
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023 (continued)
ACCOUNTING POLICIES (continued)
entltlement, thi5 income is included in incoming resources of restricted funds when
receivable.
Intangible income
Intanglble income, which comprises donated services, is included in incorne at a valuation
which is an estimate of the financial cost borne by the donor where such a cost is
quantifiable and measurable. No income is recognised when there is no financlal cost
borne by a third party- The value of servSces provided by unpaid volunteer5 is not included
In the financial statements.
Interest receivable
Interest is included when receivable by the charity.
Gifts in kind
Fixed assets donated to the charity are included in income at market value at the time of
receipt.
Cinema box office income and associated bar and confectionary sales
This income is included and recognlsed at the point of sale. Income is stated excluding
discounts, rebates, value added tax and other sales taxes.
Rentol income
Rental income is recognised on a receivable basis. Any rental holiday period has been
spread equally over the life of the lease.
(f) Expendlture and irrecoverable VAT
Expendlture Is included in the Statement of Financial Activities once there is a legal or
constructive obligation to make a payment to a third party, it is probable that settlement
will be requlred and the amount of the obligation can be measured reliably. Irrecoverable
VAT is charged as a cost against the activity for which the expenditure wa5 incurred.
Certain expenditure is dlrectly attributable to specific activities and ha5 been included in
those cost categories. Certain other cost5, which are attributable to more than one
activlty, are apportioned across cost categories on the basis of an estimate of the
proportion of time spent by staff on those activitles.
Expenditure is allocated to the particular activity where the cost relates directly to that
activity. Support costs have been allocated on the basis of staff costs as a reasonable
basi5 for time spent on activlties.
18

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
NOTES TO THE CONSOLIDATED FINANCIAL sTATEmE￿r5
FOR THE YEAR ENDED 31 DECEMBER 2023 (contlnuedl
ACCOUNTING POLICIES (continued)
(81 Allocation of sUPPOrt costs
Support costs are those functions that assist the work of the charity but do not directly
undertake charitable activitie5. Support costs include back-office costs, finance,
personnel, payroll and governance costs which 5UPPOrt the Charitvs programmes and
activities. These costs have been allocated between cost of raisingfunds and expenditure
on charitable activities. The bases on which support costs have been allocated are set out
In note 12.
(h) Intanglble flxed assets
Amortisation 15 calculated 50 asto write off the cost of an asset, less its estimated residual
value, over the useful life of that asset as follows:
Website
25% reducing balance
{1) Tangible fixed assets
The cost of tangible fixed assets is capitalised and depreclated over their experted useful
Ilves on the following basls:
Fixtures, fitting5 and equipment
Freehold properties, excluding land
Freehold properties improvements
25% reducing balance
2% straight line
IO% strai8ht line
The charity took advantage of the transitional arrangements under settion 35.10(c) of
FRS102 The Financial Reporting Standard applicable in the UK and Republic of Ireland to
measure the fair value of its freehold property at the transition date of l January 2016,
and use that fair value a5 Its deemed cost going forward.
ti) Funds accountlng
Funds held by the charlty are:
Unrestricted general funds - these are funds whlch can be used in accordance with the
charitable objetts at the discretion of the trustees.
Restrirted funds-these are funds that can only be used for particular restricted purposes
within the objects of the charity. Restrictlons arise when specified by the donor or when
funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund Is included in the notes to the
financial statements.
19

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023 (continued}
ACCOUNTING POLICIES {continued}
(k) Fixed assets Investments
Investment in subsidiary is stated at cost.
(l) Stock
Stock is valued at the lower of c05t and net realisable value.
(ml Debtors
Trade and other debtors are recognised at the settlement amount due after any trade
discount offered. Prepayments are valued at the amount prepaid after taking account of
any trade discounts due.
In) Cash at bank and In hand
Cash at bank and in hand includes cash and short term highly liquid investments with a
short maturity of three months or less from the date of acquisition or opening of deposit
account.
lol Credltors and provlsions
Creditors and provisions are recognised when the charity has a present obligation
re5ultingfrom a past eventthatwill probably result in the tran5ferof funds to a third party
and the amount due to settle the Obligation can be measured or estimated reliably.
Creditors and provisions are normally recognised at their settlement amount after
allowing for anytrade dlscounts due.
(p) Finan¢e leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised ID the
statement of financial position as assets and liabilitie5 at the lower of the fair value of the
asset5 and the present value of the minimum lease payments, which is determined at the
Inception of the lease term. Any initial direct Costs of the lease are added to the amount
recognised a5 an asset.
Lease payments are apportioned between the finance charges and reduction of the
outstanding lease liability using the effective interest method. Finance char8es are
allocated to each period so as to produce a constant rate of interest on the remainlng
balance of the liability.
20

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY UMITED BY GUARANTEE
NOTES TO THE CONSOLIDATED FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 31 DECEMBER2023 {continued)
ACCOUNTING POLICIES (continued)
Iq) Flnanclal Instruments
The trust only has financial assets and financial liabilities of a kind that qualify as basic
financial Instruments. Basic financlal instrument are initially recognised at transaction
value and subsequently measured at their settlement value with the exception of bank
loans which are measured at the carrying value plus accrued Interest less repayments.
The financing charge to expenditure is at a constant rate calculated using the effecttve
interest method.
(r) Deflned contributlon plans
Contributions to defined contribution plans are recognised as an expense in the period In
which the related service is provided. Prepaid contributions are recognised as an asset to
the extent that the prepayment will lead to a reduction in future payments or a cash
refund.
When contributions are not expected to be Settled wholly within 12 months of the end of
the reporting date iri which the employees render the related service, the liability IS
measured on a discounted present value basis. The unwinding of the discount is
recognised as a finance cost in profit or loss in the period In which it arises.
21

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023 {continuedl
COMPARATIVE CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2022
Unrestricted
Funds
Restrirted Total funds
Funds
2022
Note
INCOME AND EXPENDITURE
Income from:
Grants, donations and legacies
Charitable activitie5
Other trading activities
Investments
26,017
277,540
143,134
DO,400
18,972
44,989
277,540
143,134
60,400
TOTAL INCOME
507,091
18,972
526,063
Expendlture on:
Raising funds
Charitable activities
67,267
493,033
481,189
11,844
TOTAL EXPENDITURE
548,456
11,844
560,300
Net income/ (expenditure)
141.365)
7,128
(34,237}
22

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023 (continued)
FINANCIAL PERFORMANCE OF THE CHARITY
The consolidated statement of financial artivities includes the results of the charlVs wholly
owned subsidiary which operates the running of the Curzon Cinema.
The summary financial performance of the charity alone is..
Total
2023
Total
2022
Income from:
Grants, donations and legacies
Other trading activities
Investments
41,574
10,265
57,902
39,436
600
114,203
TOTAL INCOME
109,741
154,239
Expenditure on:
Charitable artivities
154,490
129,151
TOTAL EXPENDITURE
154,490
129,151
Net Income/(expenditure)
(44,749}
25,088
Total funds brought forward
904,266
879, 178
Total funds carrled forward
859,517
904,266
Represented b
Restricted funds
Unrestricted funds
1,184
858,333
5,748
898,518
TOTAL FUNDS
859,517
904,266
23

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
NOTES TO THE CONSOLIDATED FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023 (continued)
GRANTS, DONATIONS AND LEGACIES
Unrestricted Restrlrted
Funds
Funds
Total
2023
Total
2022
Donations from the public
Lottery
Restoration project
Legacies
Roof fund
NLHF
Donations from the public
Balcony fvnd
Clark Foundation
Donations from the public
North Somerset Councll
British Film Institute
Midland5 Film Hub
Other grants and donations
8,444
130
1,020
5,330
447
1,020
11,000
130
1,020
36,401
36,401
2,606
56
10,000
6,310
2,667
1,910
1,983
1,660
1,580
1,580
16,0011
16,001)
3,593
37,981
41,574
44,989
7. CHABITABLE ACTIVITIES
Unrestricted Restricted
Funds
Funds
Total
2023
Total
2022
Curzon Community Cinema
- Box Office
Events
355,899
355,899
277,366
174
355,899
355,899
277,540
24

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY UMITED BY GUARANTEE
NOTES TO THE CONSOLIDATED FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023 Icontinuedl
8. OTHER TRADING AcfiviTIES
Unrestricted Restricted
Funds
Funds
Total
2023
Total
2022
Curzon Community Cinema
- Confectionary sales
Lounge bar
- Advertising income
Interruption of business
insurance claims
Other
101,003
64,357
12,525
101,003
64,357
12,525
61,654
46,888
23,285
3,425
43,971
3,425
43,971
11,307
225,281
225,281
143,134
9. INVESTMENT INCOME
Unrestricted Restricted
Funds
Funds
Total
2023
Total
2022
Rental income
UK bank interest
56,919
1,035
56,919
1,035
60,296
104
57,954
57,954
60,4C￿l
25

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED B Y GUARANTEE
NOTES TO THE CON50UDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023 (continued)
10. TOTAL EXPENDITURE
Direct
Other
Staff Costs Dirett Costs Total
Total Ex
en
iture- 2023
Expendlture on raising funds:
Costs of applying for grants and donations
Curzon Community Cinema Ltd
- Trading income from bar, food
and advertislng
1,922
1,922
9,846
87,344
97,1
9,846
89,266
99.112
Expendlture on tharitable actlvlties:
Curzon Cinema
Restoration project
Roof fund
Balcony project
210,551 367,209 577,760
19,605
19,605
6,879
14,230
6,879
14,230
217,430 401,044 618,474
227,276 490,310 717,586
26

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023 (continued)
Dlrect
Other
staff Costs Direct Costs Total
Total Ex
enditure- 2022
Expenditure on raising funds:
Costs of applying for grants and donations
Curzon Community Cinefna Ltd
- Trading income from bar, food
and advertising
1,369
1,369
8,485
57,413
65,898
8,485
58,782
67,267
Expendlture on charitable actlvltles:
Curzon Cinerna
Restoration projert
Roof fund
Balcony projert
184,678 271,744 456,422
19,605
19,605
8,785
8,221
8,785
8,221
193,463 299,570 493,033
201,948 358,352 560,300
Other direct costs include:
2023
2022
Amortlsation
Depreclation
Loan interest charged at amortised cost
1,329
1,701
58,494 36,090
6,777
8,364
27

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
NOTES TO THE CON50LIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023 (continued)
11. SUMMARY ANALYSIS OF EXPENDITURE AND RELATED INCOME FOR CHARITABLE ACTIVITIES
Curzon Restoration
Cinema
Project
Roof Balcony
Fund
Fund
Total
Current
ear- 2023
Costs
Box Office
(577,760) (19,6051
355,899
(6,879) 114,230) {618,474)
355,899
Net cost funded from
other income and funds {221,861} 119,605)
brought forward
(6,879) (14,230) 1262,5751
Curzon Restoration
Cinema
Project
Roof
Fund
Total
Prior
ear- 2022
Costs
Box Office
(456,4221 {19,605)
277,366
18,785} 18,221) (493,033)
277,366
Netcost funded from
other Income and funds
brought forward
(179,0561 119,605}
{8,785) 18,221) {215,667)
12. SUPPORT AND GOVERNANCE COSTS
Charlty support & governance costs have all been allocated to the Curzon Cinema, and
FuDdraisin& on the artivities basis of dirett staff costs. Support and governance costs consisted
of these activities".
2023
2022
Salary costs
Office costs
Governance costs- Independent examination
19,824
3.139
8,000
19,062
3,871
4,815
30,963
27,748
28

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
NOTES TO THE CONSOUDATED FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023 (continued)
13. STAFF COSTS AND TRUSTEES, REMUNERATION
2023
2022
Wages and salaries
social security costs
Employer penslon contrlbutions
216,451 192,707
7,455
6,254
3,370
2,986
227,276 201,947
As required by law we can confirm that no employee earned £60,000 p,a. or more in either the
current year or the previous year,
No expenses were paid to trustees during the year.
The keymanagement personnel of the gr'oup comprlsethe trustees, the Chief Executive Officer.
Finance Manager, the Front of House Manager, the Marketing Manager and the Facilities
Manager of Curzon Clevedon Community Centre for the Arts, The total employee benefrts of
the key management personnel of Curzon Clevedon Community Centre for the Arts were
£116,821 (2022.. £100,957).
The average number of employees analysed by function was:
2023
No.
2022
No.
Management and administration
Clnema
10
io
Is
15
29

CURZON CLEVEDON COMMUNifi CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
NOTES TO THE CONSO.UDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023 (continued)
14. INTANGIBLE ASSETS- GROUP
Webslte
Total
COST
At l January 2023
Additionsacqulred separately
13,958
13,958
At 31 December 2023
13,958
13,958
AMORTISATION
At l January 2023
Charge for the year
8,854
1,329
8,854
1,329
At 31 December 2023
10,183
10,183
N ET BOOK VALUE
At 31 December 2023
3,775
3,775
At 310ecember 2022
5,104
5,104
30

CURZON CLEVEDON COMMUNITY CENTRE FOR THE
COMPANY LIMITED BY GUARANTEE
RT5
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023 {continuedl
15. TANGIBLE ASSET5- CHARITY
Fixtures
fittings
Freehold
ro
Total
COST AND DEEMED COST
At l January 2023
Additions
1,105,156
50,825
230,414
21,899
1,335,570
72,724
At 31 December 2023
1,155,981
252,313
1,408,294
DEPRECIATION
At l January2023
Charge for the year
433,387
38,212
188,758
15,889
622,145
54,101
At 31 December 2023
471,599
204,647
676,246
NET BOOK VALUE
At 31 December 2023
684,382
47,666
732,048
At 31 December 2022
671,768
41,656
713,425
The charity took advantage of the transitional arrangements under Section 35.IOlcl of FRS102
The Financial Reporting Standard applicable in the UK and Republic of Ireland to measure the
fair value of its freehold property at the transition date of l January 2016, and use that fair
value as its deemed cost going forward.
31

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED B Y GUARANTEE
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023 (continued)
16. TANGIBLE ASSETS- GROUP
Fixtures
fittings
Freehold
Total
COST AND DEEMED COST
At l January 2023
Addltions
1,105,156
50,825
291,732
27,859
1,396,888
78,684
At 31 December 2023
1,155,981
319,591
1,475,572
DEPRECIATION
At l January 2023
Charge for the year
433,387
38,212
239,049
20,282
672,436
58,494
At 31 December 2023
471,599
259,331
730,930
NET BOOK VALUE
At 31 December 2023
684,382
60,260
744,642
At 31 December 2022
671,769
52,683
724,452
The charity took advantage of the transitional arrangements under section 35.10{cl of FRS102
The Financial Reporting Standard applicable in the UK and Republic of Ireland to measure the
fair value of its freehold property at the transition date of l January 2016, and use that fair
value as its deemed cost 80ing forward.
32

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY UMITED BYGUARANTEE
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023 Icontinuedl
17. INVESTMENTS- GROUP AND CHARITY
Group
2023
Charity
2023
2022
2022
Investment in sub5idiary- shares at cost
Subsidia
com
an
Curzon Clevedon Community Centre for the Arts owns the whole of the issued share capital of
Curzon Community Cinema Limited, a company registered in England and Wales. Its principal
artivlty is to operate the Curzon Cinema in Clevedon, North Somerset. The results of the
subsidiary are consolidated in these financial statements. Further details are disclosed in note
30.
18. DEBTORS
Group
2023
Charity
2023
2022
2022
Trade debtors
Due from subsidiary undertakin8
Prepayments and accrued income
Other debtors
17,168
5.976
14,030
7,350
66,462
1,453
11,183
40,885
67,245
5,060
41,734
6,711
89,473
54,421
87,842
53,521
33

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY UMITED BY GUARANTEE
NOTES TO THE CONSOLIDATED FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023 Icontinued)
19. CREDITORS: Amounts falling due within one year
Group
2023
Charity
2023
2022
2022
Trade creditors
Accruals and deferred income
VAT liability
Social security and other taxes
Secured bank loan
Coronavirus Bounce Back Loan
Other creditors
48,996
45,394
24,642
4,073
53,372
5,955
158
35,934
26,034
15,729
2,576
10,034
5,955
926
16,214
19,463
1,822
9,758
16,495
3,368
53,372
5.955
10,034
5,955
769
182,590
97,188
96,826
46,379
20. CREDITORS: Amountsfalling due after more than one year
Group
2023
Charity
2023
2022
2022
Coronavirus Bounce Back Loan falling
due in less than 5 years
Coronavirus Bounce Back Loan falling
due after 5 years
Secured bank loan falling dve in less
than 5 years
Secured bank loan falling due after
5 years
23,820
23,820
23,820
23,820
8,932
14,887
8,932
14,887
46,515
46,515
54,735
54,735
32,752 139,957
32,752 139,957
The secured bank loan totalling £53,372 is secured on the Curzon Cinema property which has a
carying value of £684,382.
The terms and conditions of the loan are that monthly repayments are to be made over 15
year5. The interest rate applicable to the bank loan 15 base rate plus 3.25%. Both during the year
and post year the charity decided to make overpayments on this loan to fully repay the loan
early.
The bank loans are financial Instruments measured at amortised cost.
34

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
NOTES TO THE CONSOUDATED FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023 {¢ontinuedl
2L PROVSIONS FOR LIABIUTIES
Group
2023
Charity
2023
2022
2022
Deferred tax-taxation allowances
2,970
2,878
22. RELATED PARTY TRANSAcfioNS
There were no related party transactions in the current or previous year.
23. CORPORATION TAXATION
The charity is exempt from tax on Income and gains falling within section 505 of the Taxes
Act 1988 or section 252 of .phe Taxation of Chargeable Gains Art 1992 to the extent that
these are applied to its charitable objects.
24. UNRESTRICTED FUNDS
Designated-
Unrealised General
Capital Designated - Balcony
revaluation
reali5ed expenditure Contingency deprfn
reserves
reserves
fund
fund
fund
Total
Balance at i January 2023
Income
Expenditure
Transfers
467,860 264,125
642,727
1669,787)
161,210) 169,985)
69,985
88,000
889,970
642,727
113,994) {683,781)
139,935
8,740
Balance at 31 December 2023 467,860 175 855
88,1)00 125,941 857,656
35

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023 Icontinuedl
24. UNRESTRICTED FUNDS (continued)
Ca
ital ex
enditure fund
To fund capital expenditure requirements.
Contin
enc
fund
To cover any shortfall in a cut in cinema and rental income over the next 18 months.
Balcon
reciation fund
To fund the depreciation charge over 10 years on the balcony improvements.
25. RESTRICTED FUNDS
Front Room
Cinema
Roof Balconv
Fund
Fund
Total
Balance at l January 2023
Income
Expendlture
Transfers
2,722
3,026
5,748
36,401
1,580
37,981
(990} 132,499)
{3161 (33,805)
1548) (6,928) (1,264) {8,740)
Balance at 31 December 2023
1,184
1,184
Front Room Cinema
The Front Room Cinema project was funded by a grant from Quartet and continued donations
from the public. The project provides Residential or Care Homes in North Somerset with the big
screen experience in their front room.
Roof F nd
The roof fund Is a projert to raise money toward5 the replacement of the roof of the Curzon
Clnema.
The transfer between funds into the project relate to funds required to fully pay for remainin8
activity funded bythe National Lottery Heritage Fund.
36

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
tOMPANY LIMITED BY GUARANTEE
NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023 Icontinuedl
25. RESTRICTED FUNDS (continued)
alcon
Fund
The balcony fund is a project to raise money to refurbish the balcony of the Curzon Cinema.
The transfer between funds relate to capital improvement5 to the balcony which fulfil the
funding requirements of donors.
26. ANALYSIS OF NET A5SETS- GROLIP
Net Long term
curreiit liabilities +
assets provisions
Total
net
assets
Intangible Tangible
assets
assets Investments
At 31 December2023..
Restrirted
Front room cinema
1,184
1,184
1, 184
1,184
Unrestricted
Revaluation
General
Designated
467,860
3,775 150,840
125,942
467,860
{35,7221 175,854
213,942
56,961
88,000
Total funds
3,775 744,642
146,145
135,7221 858,840
37

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS
FO.R THE YEAR ENDED 31 DECEMBER 2023 Icontinuedl
27. ANALYSIS OF NET ASSETS- CHARITY
Net Long term
current liabilities +
assets provislons
Total
net
assets
Intangible Tangible
assets
assets Investments
At 31 December 2023:
Restrirted
Front room cinema
1,184
1,184
1,184
1,184
Unrestricted
Revaluatlon
General
Designated
467,860
138,246
125,942
467,860
132,7521 176,531
213,942
71,033
88,000
Total funds
732,048
160,217
(32,752) 859,517
28. TOTAL CASH & CASH EQUIVALENTS
Total cash & cash equivalents as at 31 December 2023 are represented as follows:
Group
2023
Group
2022
Charity
2023
Charity
2022
Cash at bank
Cash in hand
231,617 346.072 169,201 323,652
800
232,417 346,072 169,201 323,652
38

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY UMITED BY GUARANTEE
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023 (continued)
29. SUBSIDIARY COMPANY
Cur20n Clevedon Community Centre for the Arts owns the whole of the Issued share capital of
Curzon Community Cinema Limited {company number- 03255412), a company registered in
En8land and Wales. The addre55 of the registered office is 46 Old Church Road, Clevedon, B521
6NN.
Its principal activity 15 to operate the Curzon Cinema in Clevedon, North Somerset. All activities
have been consolidated on a line by line basis in the Statement of Flnancial Activities.
The total net profit is gifted to Curzon Clevedon Commuriity Centre for the Arts. A summary of
the results of the subsldiary is shown below:
CURZQN COMMUNITY CINEMA LTD:
2023
2022
Turnover:
Box office
Confectionery and bar sales
Advertising
Lounge bar
Events
Other
355,899
101,003
12,525
64,357
277,366
61,654
23,285
46,888
174
16,268
34,258
568,042
425,635
Direct Costs:
2023
2022
Film hire
Confettionary and bar purchases
Dlrect wages
Other direct costs
Cinema building expenses
Administrative expenses
Advertising
169,752
62,084
196,925
22,410
26,279
75,766
9,880
131,808
40,571
169,690
4,326
43,457
63,117
2,178
563,096
455,147
39

CURZON CLEVEDON COMMUNtrY CENTRE FOR ThE ARTS
COMPANY LIMITED BY GUARANTEE
NOTES TO THE CONSOLIDATED FINANCIAL 5rATEME￿rs
FOR THE YEAR ENDED 31 DECEMBER 2023 (continued)
29. SUBSIDIARY COMPANY (continued)
Other operating income:
2023
2022
Furlough grant5
Insurance clalms
2,925
Net (loss)/profit
7,871
129,512)
The aggregate of the assets, liabilities and funds was:
Assets
Liabilitles/provisions
95,409
56,326
(96,082) 164,8691
Funds
{673)
18,543)
40

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
NOTES TO THE CON50UDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023 Icontinuedl
3Q. NET DEBT RECONCILIATION
Anal
sis of chan
e5 in net debt forthe Grou
2023
At
start
of year Cashflows
Other
non-cash
changes
At
year
end
Cash at bank and in hand
346,072
(113,655)
232,417
Secured bank loan (falling due
withln l yearl
110,0341
57,277
(100,6151 (53,372)
Secured bank loan {falling due in
less than 5 years)
{46,515}
46,515
Secured bank loan (falling due
after 5 year51
{54,736)
54,736
Other bank loans (fallin8 due
Within l year)
(5,9551
5,955
{5,955)
(5,9551
Other bank loan5 (falling due in
Less than 5 years)
123.820)
¢23,820}
Other bank loans (fallin8 due
after 5 years}
{14,887)
5,955
18,932)
190,125
(50,423)
636
140,338
41

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
NOTES TO THE CON50LIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023 {continuedl
30. NET DEBT RECONCILIATION (continued)
Anal
sis of chan
es in net debt for the Charit 2023
At
start
of year Cashflow5
Other
non-cash
changes
At
year
end
Cash at bank and in hand
323,652 {154,451)
169,201
Secured bank loan (falling due
within l yearl
(10,0341
57,277
1100,615) {53,3721
Secured bank loan {fallin8 due in
less than 5 years)
{46,5151
46,515
Secured bank loan Ifalling due
after5yearsl
154,736)
54,736
Other bank loans (fallin8 due
Within l year)
(5,955)
5,955
{5,9551
(5,955)
Other bank loans (fallin8 due in
Less than 5 year5)
(23,8201
(23,820)
Other bank loans (fallin8 due
after 5 years)
114,887)
5,955
(8,932)
167.705
(91,2191
636
77,122
42

THE FOLLOWING PAGES DO NOT FORM PART
OF THE STATUTORY ACCOUNTS OF THE COMPANY
43

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
DETAILED CONSOUDATED INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
INCOME
Other8rants and donations
Box Offi￿ income
Event5
Confectionary and bar sales
Advertising income
Insurance claims
Other cinema income
Rental income
Bank interest received
41,574
355,899
44,989
277,366
174
108,542
23,285
165.360
12,525
3,425
43,971
56,919
1,035
11,307
60,296
104
680,708
526,063
Expenditure for the year (see page 451
1717,586)
1560,3001
Surplus/(Oeficlt} for the year
(36,878)
134,2371
Funds brought forward
895,718
929.955
Funds carrled forward
858,840
895,718

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
DEfAILED CONSOLIDATED INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
EXPENDITURE
Costs of applyin8 for grants and donations
Grants payable
Film hire
Confectionary and bar purchase5
Dlrect cinema costs
Direct cinema wage5
Employers, NIC
Employer5, pension
Freight and carriage
Other costs of sales
Staff salarle5
Tralning costs
Recruitment expenses
Rent
General rates and water
Light and heat
Insurances
Premises expenses
Motor and travelling
Telephone and internet
Printin& stationery and posta8e
Website maintenance and IT support
Equipment
Entertainment
Repairs and renewals
Legal and professional fees
Accountancy and audit
Bank and credit card charges
PRS/PPL charges
Laundry and cleaning
General expenses
Subscriptions and licences
Advertisln8
NLHF Roof Professional Fees
NLHF Activity Co-ordinator
Other charitable expenditure
Activity expenses
Activity resources
Activity training
Sundry expenses
Depreciatlon
Amortisatlon
Bad debts written off
Provision for deferred tax
1,922
1.369
301
131,808
40,571
5,235
160,450
6.254
2,986
2,133
6,216
23,472
2,005
1,029
220
2,528
15.947
19,617
7.515
922
1,162
607
3,546
346
150
6,118
5,548
4,815
25,057
2,461
16,332
2,101
7,624
2,178
8.221
8,785
2,354
414
1,200
35
169,752
62,084
14,999
186,099
7,455
3,371
126
5.668
23,472
2,610
325
2,900
20,615
17,202
9.657
499
1,547
449
2,307
2,448
385
10,343
46
30,885
4,245
23,362
1,004
6,839
9,880
8,524
6,879
2,108
5,593
1,523
477
140
58,494
1,329
36,090
1,701
1,743
17,1251
717,586
560.300
45