Charity re8iStration number:
Company Registration number:
1058389
03238712
CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
(COMPANY LIMITED BY GUARANTEE)
CONSOLIDATED FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED 8Y GUARANTEE
REPORT AND CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
CONTENTS
Trustees, report
i-io
Independent examiner's report
li
Consolidated statement of f5nanci31 activities
12
Balance sheets
13-14
Statement of cash flow
15
Notes to the consolidated financial statements
16-42
Registered charlty number- 1058389
Company number- 03238712

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31" DECEMBER 2024
The Trustees are pleased to present their report together with the consolidated financial
Slatement5 of the charity and its subsidiary for the year ending 31.51 December 2024, which are
also prepared to meet the requirements for a directors, report and accounts for Companies Act
purposes.
The financial statements comply with the Charities Act 2011, Companies Act 2006, the
Memorandum and Articles of A5SOCiation. 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
IFRS 1021 (effective l January 2019) - (Charities SORP IFRS 10211. the Financial Reporting
standard applicable in the UK and Republic of Ireland IFRS 1021.
Our
ur
oses and Attivities
The purposes of the charity are..
al To promote. maintain, improve and advance education of the public in Clevedon and
the surroundin8 area generally and encouragement of the Arts.
bl To provide facilities in the interests of social welfare for the recreation and leisure
time occupation of the resident5 of areas aforesaid without distinction of sex or
political. reli8ious or other opinions and with the object of improving the conditions of
life for the said inhabitants.
cl To preserve for the benefit of the public the Curzon Cinema and the collection of
historic cinematographic artefacts belon8ing to the charity.
The charity further5 its objects by carrying out the following activities:
Providing film and cinema-related entertainment and educational activities and
exhibitions of cinematographic heritage at the historic Curzon Cinema in Clevedon.
The Arts are further encouro8ed by live performances of music, Comedy and drama
and by exhibition5 of craft and fine art.
Operating the Curzon Cinema in Clevedon.
Refurbishment and conservation of the historic Curzon Clnema 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 31st DECEMBER 20241Contlnued)
Achievement5 and Performance
Chairfs Report
Last year when I reported, we had just launched Season l of our expanded programme of
events and we were seeing early progress towards our aim of returning the Curion to
profitability and to the level of audiences we had last seen in 2019 before the pandemic. l am
delighted to report thi5 year that those decisions taken in 2023 have borne fruit and audience
levels are returning towards the heights of 2019. We have turned in a healthy trading profit for
the cinema trading company. The annual accounts show numbers consolidated for the group
which includes both the charity that owns the building and the trading cinema company. Whilst
the consolidated accounts show less profit, this is mainly because of depreciation charges that
include the cost of restoring the balconv.
Seasons 2 and 3 ran during 2024 and have built on the foundations from 2023. The range of
events has been exceptional. The sheer profes5ionali5m has ref5ected the hard work put in by
our staff and volunteers. Other cinemas that have remained almost solely general release film
based have not seen the improvements we have had and continue to have.
Having stabi li5ed the financial foundations followin8 the pandemic, we are again turning our
minds to the longer term and to the next stages of audience development and building
restoration. Capital projects will need external funding (which is always in short supply) but
being able to demonsrrate financial viability will help us meet some of the fundamental
prerequisites.
Thank you to our CEO Andrew Caddy and the staff and volunteer5 as ever for all that they do.
Thanks also to our 8oard of Trustees who oversee Ihings and give their time to help and offer
advice and experience.
David Sheridzn
Chair of the Board of Trustees
Chief Executive's Report
2024 has been a year of growth for the Curzon as we continue to develop our curated
programme of multi-disciplinary, community focussed, art and films alongside a 'rnain slate, of
blockbusters. In many ways, it was a difficult year for cinema5 a5 competition from streaming
services, and disruption to the film schedule by the Writers, Guild of America strikes, meant
that there was no grovrth in UK audiences between 2023 and 2024, which remained 22% lower
than pre-pandemic levels. Despite this challenge, there were still stand-out box office successe5
such as Wicked, Paddington in Peru, One Life, and Despicable Me 4. Intermittent periods
without a main release, however, 8ave u5 an opportunity to experiment more with our
programme, bringing a wider variety of one-off screenings and events. These were 8rouped
together in 'Sea50n Two, which ran between February and June and 'Season Three, which

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31S1 DECEMBER 2024 Icontlnued)
closed the year between September and December. Across these two Seasons we have curated
and delivered over 80 events. many in partnership with local community groups.
Collaborative pro8rammin8 has been a relatively new way of working for us. In total we
presented Work with 15 different local organisations over the last year including Bristol Radical
History Group, 8ristol Museums and Galleries, and Books on the Hill. One such event was an
ambitious co-produced festival with our local Transition Network or8ani5ation Sustainable
Clevedon called 'Green Shift,. We worked with Sustainable Clevedon to devise a two-dav
programme that included live music performances, craftivism workshops, a hustings with
prospective parliamentary candidates, enviro-comedy from Matt Winning. fllms, and panel
discussion5 on the issue of climate change. Children from local primary schools a150 made short
rilms about the environrnent. and stalls were offered to students from Clevedon School to
discuss environmental projects they had been workin£ on as part of the curriculum. A group of
music stud ents from Clevedon School also took part in a jam session with bank 'Filkin'5 Dri￿,
before joining the performance on the Saturday evening. We sold 139 tickets across the
weekend and welcomed over 100 more attendees for the free schools, events.
°Let me say the warmest thonk you to everyone ot the Curzon the whole staff teom
oncl greot volunteers for shoping and dellvering the Green Shift Festivol over the
weekend... Iwej Gre proud and grateful thot you have worked so hard to help
Sustoinoble Clevedon develop, present ond deliver this landmork Fe5tivGI."
Funding from the National Lottery Community Fund has enabled us to develop relationships
with other progressive organisations in addition to Sustainable Clevedon. One of these was
Clevedon Literature Festival with whom we hosted two events a5 part of their annual festival
in June.
Julia Bradbury joined us to discuss the topics addressed in her Sunday Times Bestseller: 'Walk
Yourself Happy: Find your path to health and healin8 in nature,. And Dr Dwight Turner, a
psychotherapist and dynamic speakerdiscussed his book 'The Psychologyof Suprernac¢ which
looked at "polarities in the age of Trump and Sunak" These two events attracted a combined
audience of 431 people.
We are lucky to have many fantastic local art15ts in our region. Our programme has enabled us
to reach out to, host, and give a platform to both established and early-career performers. This
year we've had two barnstorming sold out performances by the Bristol based open audition
Fontosy Orchestro who describe themselves as-
A community project led by Jesse D Vernon, b05ed in Pari5 ond also in Bristol. The
Orchestro {motto.' World Peoce One Note At A Time,) brings together 50+ rnusicion5
professional ond amateur, to create o kaleidoscopic symphonic briqode.
The orchestra played joyful sets of music from Ennio Morricone and David Bowie, with
orchestra members dre55ed in elaborate home-made costumes and accompanied on the bi
Screen with animated visuals created by band members.

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31" DECEMBER 2024 (Contlnued}
Followin8 the event, the orchestra said..
An enorrnous THANK YOU to Curzon Cinemo Clevedon for hoving us lust night for our
Ennio Morricone bononzo. We all hod a blast and we hope everyone enjoyed our rootin,,
tootin,, ond coterwuulin,
The most impactful way that our programme is helping people in the community is to give them
cces5 to a wider variety of culture and events. particularly showcasing high profile profe55ional
artists, including Justin Adams + Mauro Durante, Sir Alexander Mccall Smith, and Adrian Utley
from the band Portishead.
During 2024 we held three films with live accompaniment.. The Snowman with Bristol Bra55
Band, Nosferatu with Minima, and a Christmas extravaganza of Charlie Chaplin silent films Wlth
organ accompaniment by our volunteer organist Bernie 8rown.
One of the impacts of our music pro8rarnme ha5 been to give a platform to local artlsts by
pairing them with film screenings. These screenings have included bluegrass band The
Hogronch with O Brother Where Art Thou, Jonoh Hitchens Band with The Blue5 8rothers. The
Trops with Too Much Too Young: The Two Tones Records Story, DJ Ng010 Wlth La Haine,
students from The Rock Project and local opera singer Koty Read with live opera screenings
from the Royal Opera House.
We have also been able to use our programme to brin8 global stories and issues to our local
audiences, giving space for discussion, and building communities in response to them.
In November we screened an evening of Palestinian archive short films, with space for
discussion, traditional food. and stalls representing local actiVlSt groups and in October we
welcomed Palestinian musician Zaid Hilal, who performed modern and traditional music
alongside a screening of the documentary film Yhe Wanted 18" These two events had 3
combined audience of 179 people, one of whom gave the following feedback:
I wonted to reoch out and soy o mossive thonk you for puttin9 on whot wos o beautiful
evening with Zaid Hilol'5 music, storytelling, ond wonderful film "The Wonted 18"
Heoring people clop. chant and wave the Palestinion flGTg made my heart sing.
I was 50 moved to See the cinema full of people who wanted to learn more about
Palestine, her history ond culture... Moving to Clevedon, I wos so worried thot there
wouldn't be the 5pGce for these types of events or the community that they bring.
However, between thi5 ond joining Clevedon Friends of Polestine I qrn gladdened by the
foct thot these bring out our shored humanity.
To deliver this work, we have had to invest heavily in our production equipment, staffing hours
and ski115, reinvesting most of the surpluses made for the year to build our capacity to present
live events to a professional standard. This included a £42,000 upgrade to the stage lighting and
sound equipment in the auditorium, installing a new lighting bar, a new electrical distribution

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2024 {Continued)
board, and stage electrics. Our sincere thanks to the Rural England Prosperity Fund and North
Somerset Council for funding of £18,984 towards this project, Stage Electrics for installing it,
and North Somer5et Council's Conservation Officer far advice and support.
We were also grateful to receive £10,000 in funding towards a new coffee machine and
restoration ofa heritage 35mm projector from TheTown Centre OccupanryGrants and Support
Programme. Our thanks 80 to the UK Shared Prosperity Fund, North Somerset Councll and the
Hive Business Support in Weston for all their support in applying for this fund and delivering
the project. A5 a result of it we are already improvin8 our financial sustainability.
During the year we received £18,000 in donations from the public, all of which has been spent
on our charitable work. This included the purchase of a defibrillator and staff first aid training.
Special thanks go to Clevedon Lions, SKF, Xerox, and Forest of Mendip and Clevedon Masonic
Lodges for their Support. We also received generous funding from the British Film Institute
Cinema Incentive Scheme with thanks to Film Hub Southwest their guidance during the year.
Finally, our thanks go to the National Lottery Community Fund for their ongoin8 support of our
artistic programme.
1am con51Stently blown away by the dedication and efforts of our Èxtraordinary workforce of
staff and volunteers who work tirelessly to deliver an ever-more ambitious pro8ramme of
events and films. They have, individually and as a team, raised the bar this year. Their work has
been reflected not only in outstanding audience feedback, but in audience numbers too. Where
national cinema audiences flatlined in 2024, we were able to 8row our audience by IO% from
56,742 to 62.323. ensuring that we had remained profitable for a second year In a row.
The UK cinema industry continues to face significant headwinds,. increases to national
insurance and the Real Llvin8 Wage. alongside continued pressure from strearnin8 services
taking a larger share of film distribution. will pose challenges for us in the future. But I think our
achievements in 2024 give us plenty to be excited about as we continue to develop Curzon
Cinema and Arts as the destination art5 centre for North Somerset.
Andrew Caddy
Chief Executive Officer
Financial review
The charity undertook its main charitable activity. that of running the Curzon Cinema through
its trading subsidiary, Curion Community Cinema Ltd. The subsidiary had box office Income of
£426.544 in 202412023 - £355,899) and confectionary and bar sales of £197,796 12023
£165,360).
The charity received E49,04212023 - £41,574) in grants and donation5 of which £28,984 was
restricted12023 - £37,981).

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
REPORT OF THE TRUSTEE5 FOR THE YEAR ENDED 3151 DECEMBER 2024 Icontlnuedl
Overall income wa5 £798,196, 17.3% higher than the previous year (2023- £680,7CBI.
Total expenditure for the year was £794,884, 10.8% hi6her than the previous year 12023
£717,586). Total restricted expenditure in the year was £1,78012023- £33,805).
The net deficit of income over expenditure for the year is £3,312 (2023 - deficit of £36.8781.
This includes an unrestricted surplus after transfer of funds of £3,312 for the year and
restricted surplus of £nil for the year.
At the year-end, the group had total funds of £862,152, of which £nil were held in restricted
funds. Net current assets at 31 December 2024 were £159.498.
Treasurerfs Report
Curzon Cinema and Arts continued its post.pandemic recovery trajectory in 2024,
strengthening total funds by E3.312. Althou8h thi5 has been a modest overall improvement,
Curzon Community Cinema Limited, the charity's trading subsidiary made a profit of £19,772,
buildin8 on the surplus of £7,871 made in 2023.
Surpluse5 made on cinema tradin& together with restricted grant income, enabled the charity
to invest £51.893 in capital improvements which will enable programming and commercial
improvements in the future.
During the year, income saw a significant increase of 17.3% year-on-year, rising to £798.196
from £680,708 in 2023. This growth was driven by improvements to programming 35 outlined
in the Chief Executive's Report. This in turn enabled investment in running costs including an
increased investment of £40,652 in staffin8COSts, which have been necessaryto grow the scope
and impact of programming.
Overall. free reserves have improved during the year. The board has set a reserves policy such
that group free reserves plus designated contingency funds should be £150,000. At 31st
December 2024this balance was £132.70112023: £112,209). We plan on reachin8 our reserves
policy target by the end of 2025.
Group liquidity remain5 5trongwith cash and cash equivalents of £239,997 at ihe balance sheet
date12023: £232,417).
As always. my thanks to Jan Cromey. our Finance Manager whose diligence and experience of
the Curzon means that our finances are appropriately mana8ed on a day-to-day bas1S.
Daniel Cheesman
Treasurer

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 315t DECEMBER 20241Continued)
Reserves Poli
The Trustees have decided that to further secure the continuance of the charity, the reserves
policy should be such that group free reserves (net current asset5 held within unrestricted
general reserves. less long term liabilities) plus designated contingency funds should wherever
possible and appropriate, be £150,000. This currently equate5 to 3 months of unrestricted
expenditure.
The free reserves of the group at 31 Oecember 2024 were £44.701. The contingency fund was
£88,000 which is designated to 'the graceful winding up of the charity if ever required. leaving
free reserves plus de518nated contin8ency funds of £132,701.
Reference and Administrative Information
Charity Name..
Curzon Clevedon Community Centre for the Arts
Charity Registration number:
1058389
Company Registration number:
03238712
Re8iStered Office:
46 Old Church Road
Clevedon
North Somerset
BS216NN
Independent examiner:
Burnside, 61 Queen Square, Bristol, BSI 4JZ
Bankers:
Lloyds TSB. Clevedon Branch
Dirertors and trustees
The directors of the charitable company are Its trustees for the purpose of charity law and
throughout this report are collectively referred to as the Trustees.
The trustees serving during the year, and since the year end, were as follows:
David Sherldan
Tara Judah (resigned 25 September 2024)
David Turner

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31" DECEMBER 2024 {Continuedl
Cara Macmahon (resigned 25 September 20241
Daniel Chee5man
Katie Lee
Charlotte Crofts (appointed 25 March 20241
Nigel Dyke (appointed 25 March 20241
Jeremy Hayward lappointed 29 July 20241
Senior Mana
ement Tearn
Andrew Caddy. Chief Executlve
Jan Cromey. Finance Manager
Gemma Burchill, Front of House Manager
Petra Mansour, Marketing Manager
Clare Mactaggart, Facilities Manager Ito 19 July 20241
Structure Governance and Mana
Governin
Document
ement
Curzon Clevedon Community Centre for the Arts is a charitable cornpany limited by guarantee.
incorporated as a registered charity on 16 Au8USt 1996. It wholly owns a subsidiary trading
company. Curzon Community Cinema Limited which was incorporated on 26 September 1996.
The charity was established under a Memorandum of Association which establishes the objects
and powers ofthe charitable company 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 Trustees
Trustees are elected by the members at the Annual General Meeting of the charity. Trustees
are elected to serve for a period of three years, after which they can be re-elected for a further
three-yeèr period. The Trustees may appoint a new trustee to the board, and new trustee5 are
appointed as and when Specific new skills and expertise are required. Any trustee appointed
by the Board of Trustees holds office unlil the next Annual General Meeting and is then eligible
for election.
Trustee Indurtlon and Trainin
New trustees undergo a briefing with the chairman which covers, amon8 Other thin8S, their
legal obligations under charity and company law, the content of the Mernorandum and Articles

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED 8Y GUARANTEE
REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 3151 DECEMBER 2024 {Continuedl
of Association, the committee and decision making processes, the business plan and financial
performance of the charity. They also visit the Cinema and its office to meet key employees
and to Bain an understanding of the work being conducted in the organisation.
New trustees receive key documentation such as the Memorandum and Article5 of Association
and the latest financial statements and reports. Prospective new trustees generally attend a
few board meetings as observers before a final decision is made on their appointment to the
board.
anlsation
The 8oard of Trustees administers the charity and is responsible for its strategic direction and
policy. The Board meets bi-monthly. A Chief Executive TS appointed by the Trustees 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 Partie5
There are no other charitie5 that are related to the Curzon Clevedon Community Centre forthe
Arts.
Risk Mana
ement
The Trustees regularly review the princip31 risks which the charity may face and oversee the
implementation of procedures desi8ned 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
reserve5 pollcy and its regular review by the Trustees.
Public benefits
The Charity Commission in its 'Charities and Public Benefit, Guidance requires that there are
two key principles to be met in order to show that an organisation's aims are for the public
benefit: first. there must be an identifiable benefit and secondly, the benefit must be to the
public or a section of the public.
Curzon Clevedon Community Centre for the Arts airns to benefit the public directly by the
provi5i0n of educational activities and Information related to film and clnema technology and
heritage and by providing arts and recreational facilitie5 to the people of Clevedon and the
wider area in the operation of the Curzon clnema. It also aims to benefit the public by

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31" DECEMBER 2024 (Continued)
maintaining, conserving and seeklng to restore the building in accordance with its heritage
status.
Trustees, Res
onsibilltles
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 financial year and of the
income and expenditure of the charity for the year ended on that date. In preparing those
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 going concern basis unless It is inappropriate to
presume that the charity will continue in business
The Trustees are also responsible for keeping proper accounting records which disclose with
reasonable accuracy at any time the financial position of the charity and to enable them to
enSUfe that the financial statements comply with the Companies Act 2006. They are also
responsible for safeguarding the assers of the charity and hence for taking reasonable steps for
the prevention and detection of fraud and other irregularities.
The Trustees confirm that they have given due regard to guidance published by the Charity
Commission as required by Section 4 of the Charities Act 2011.
In so far as the Trustees are aware:
there is no relevant information of which the charitable company's independent
examlner5 are unaware: and
the Trustees have taken all steps that they ought to have taken to make themselves
aware of any relevant information and to establish that the independent examiners are
aware of that information
No Trustees or their related parties have received benefit or remuneration from the
charitable company.
BY ORD
OF THE 80ARD
DAVID SHERIDAN
TRUSTEE
DATE 28107r2025
io

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF
CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
"the Com
an
I report to the charity trustees on my examination of the account5 of the Company for the year
ended 31 December 2024.
Responsibilities and basis of report
As the charity's trustees of the Company {and also its directors for the purpose5 of company lawl you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies
Act 20061'the 2006 Act'}.
Havin8 satisfied myself that the accounts of the Company are not required to be audited under Part 16 of
the 2006 Act and are eligible for independent examlnatlon, I report in respert of my examination of your
charitVs account5 as carried out under section 145 of the Charities Act 20111'the 2011 Act'l. In carryin8
out my examination I have followed the Directions given by the Charity Commission under section 145151
Ibl of the 2011 Act.
Independent examiner's statement
Since the Company's gross income exceeded £250.000 your examiner must be a Member of a body listed
in section 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 En8land and Wale5, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection
with the examination giving me cause to believe:
accounting records were not kept in respect of the Company as required by settion 386 of the
2006 Act. or
the accounts do not accord wlth those records: or
the Bccounts do not complywith the accounting requirementsofsection 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 accounting and reporting by charities (applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland {FRS 102)1.
Ihaven
attentio
reached I
concerns and have come across no other matters in connection with the examination to which
should be drawn in this report in order to enable a proper understanding of the accounts to be
Signe
Name:
ephen Burnside FCA
Relevant professional body: Institute of Chartered Accountants in En8land & Wales
Addres5: Burnside Chartered Accountants. 61 Queen Square, Bristol, BSI 4JZ
Oate:
q4¥<
li

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ART5
COMPANY LIMITED BY GUARANTEE
CONSOLIDATED STATEMENT OF FINANCIAL AcfiviTIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted
Funds
Restricted Total funds Total funds
Funds
2024
2023
Note
INCOME AND EXPENDITURE
Income from".
Grants. donations and legacie5
Charitable activities
Other trading acfivities
Investments
20,058
426,544
258,413
64,197
28,984
49,042
426,544
258,413
64.197
41.574
355,899
225,281
57,954
TOTAL INCOME
769,212
28.984
798.196
680,708
Expenditure on:
RaisinE funds
Charitable activities
111,040
682,064
111.040
683,844
99,112
618,474
1.780
TOTAL EXPENDITURE
io
793.104
1.780
794,884
717,586
Net income/ {expenditure}
{23,8921
27,204
3.312
136,8781
Transfers between funds
28,388
128,3881
Net rnovement in funds
4,496
11,1841
3,312
136,8781
Reconciliation of funds:
Total funds brought forward
857,656
1,184
858,840
895,718
Total funds carried forward
26
862.152
862,152
858,840
The note5 on pa8es 16 to 42 form part of these financial statements.
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derNe from continuing activities.
The prior year Consolidated Statement of Financial Activitles is provided in note 4..
12

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ART5
COMPANY LIMITED BY GUARANTEE
BALANCE SHEErs
AT 31 DECEMBER 2024
Group
2024
Group
2023
Charity
2024
Charity
2023
Notes
FIXED ASSETS
Intangible fixed asset5
Tangible fixed assets
Investrnents
14
2.831
15, 16 730,285
17
3,775
744,642
713.274
732,048
733,116
748,417
713,278
732,052
CURRENT ASSETS
Stock
Debtor5
Cash at bank and in hand
6, 103
43,833
239,997
6.845
89.473
232,417
18
40,848
143.810
87,842
169,201
289,933
328,735
184.658
257,043
CREDITORS: Amounts Falling due
within one year
19
130,435
182,590
28,082
96,826
NET CURRENT ASSETS
159,498
146,145
156,576
160,217
TOTAL ASSETS LESS
CURRENT LIABILITIES
892,614
894,562
869,854
892,269
CREDITORS- Amounts fallin8 due
After one year
20
26,797
32.752
26,797
32,752
PROVISIONS FOR LIABILITIES
21
3,665
2,970
NET ASSETS
862,152
858,840
843,057
859,517
FUNDS:
Unrealised revaluation reserve
General realised reserve5
Designated reserves
467,860
194,345
199,947
467,860
175,854
213,942
467,860
175,250
199,947
467,860
176,531
213,942
Total unrestricted reserves
24
862,152
857,656
843.057
858,333
Restricted
25
1,184
1,184
Total charity funds
26, 27 862.152
858,840
843,057
859,517
13

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
BALANCE SHEETS
AT 31 DECEMBER 2024 (continued)
The directors are 5at15fied that the company is entitled to exemption from the provisions of the
Cornpanie5 Act 2006 (the Act) relating to the audit of the financial statements for the year by vlrtue
of section 477, and thal no member or members have requested an audit pursuanr to section 476 of
the Act.
The directors acknowledge their responsibilities for:
lil ensuring that the company keeps adequate accounting records which comply with Section 386
of the Act, and
lill preparing financial Statements which give a true 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 which otherwise cornply with the
requirements of the Act relating to financial statements. so far as applicable to the company.
The trustees have prepared 8roup accounts in accordance with section 398 of the Companies Act
2006 and section 138 of the Charities Act 2011. These financial statements have been prepared in
accordance with the special provisions for small companies under Part 15 of the Companies Act 2006
and with the Financial Reporting Standard applie3ble in the UK and Republic of Ireland IFRS 1021
(effective l January 20191- (Charities SORP IFRS 102)), the Financial Reporting standard applicable
in the UK and Republic of Ireland IFRS 1021.
These financial statemefits were approved by the directors and authorised for issue on
and
e signed on their behalf by".
28107r2025
DAVID 5HERIDAN
TRUSTEE
DATE
28107f2025
DANIEL CHEESEMAN
TRUSTEE
DATE
The notes on page5 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 2024
Group
2024
Group
2023
Charity
2024
Charity
2023
Notes
Reconciliation of net movement in funds to
net cash flow from operating artivities
Net movement in funds
Add back depreciation charge
Add back amortisation charge
Less interest received
Add bank loan interest
Decreasellincreasel in stock
Ilncreasel in trade debtors
Ilncreaselldecrease in other debtors
Increaselldecrea5el in trade creditors
Increaselldecreasel in other creditors
3.312 136,8781 116,459) 144,750)
66,250
58,494
60,580
54,101
944
1,329
13541 11.0351
1,347
6,777
742
11,1521
11,781
111,1921
9,685 112,5771
33,858 123,8591
37,310 (21,7441
116,2561
13,062 115.8021
6,456
18,169
29,092
429
653
(1791
1,347
1984)
6,777
Net cash used in operating activities
119,793
34.638
76,911 (12,0681
Cash flows from investing activlties
Purchase of tangible fixed assets
Purchase of intangible fixed assets
Interest received
151,893) 178.6841 141,807) {72,723)
354
1.035
179
984
Cash provided by/lu5ed in) investing activities {51,539) (77.649} {41,628) (71,739)
Cash flows from financing activitie5
Repayment of borrowing
Bank loan interest paid
158,8851 163,231) 158.885) 163,231)
11,7891 17.4131 11,789) 17,413)
Cash provlded by/{used in} financing activities (60,6741 (70.644) 160,674) 170,644)
Increase/ldecrea5el in cash & cash equivalents 7,580 {113,655) 125,391) (154,451)
Cash & cash equivalents at the beginning
of the year
232,417 346,072 169,201 323,652
Total cash & cash equlvalents at the end
of the year
28 239,997 232,417 143,810 169,201
15

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITEO BY GUARANTEE
NOTE5 TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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 with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,.
ACCOUNTING POLICIES
la) Basls of preparatlon
The flnancial statements have been prepared in accordance with Accounting 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 IFRS 1021 {effettive l January 2019} - Icharities SORP
{FRS 102}I, the Financial Reporting standard applicable in the UK and Republic of Ireland
(FRS 1021 and the Companies Act 2006. Assets and liabilities are initially recognised at
historical cost or transaction value unless otherwise stated in the relevant accounting
policy note(s}.
{b} Golng Concern
On 31 December 2024, the group had total funds of £862,152 12023 £858,840}.
Restricted funds amounted to £nil12023 - £1,184).
The reserves policy target is that free reserves plus designated contingency funds should
be £150,000 which currently equates to 3 months unrestricted expenditure. The free
reserves of the group at 31 December 2024 were £44,701. The contingency fund was
£88,000 which is designated to 'the graceful winding up of the charity if ever required,
leaving free reserves plus designated contingency funds of £132,701.
Budgets and cash flow forecasts have been prepared to 31tt December 2025 that show
the charity will have cash resources to operate until then.
The trustees therefore have a reasonable expectation that the charity will be in operation
12 months from the date of approval of these accounts and that the charity remains a
golng 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 310ECEMBER 2024 Icontinuedl
ACCOUNTING POLICIES Icontinued)
(cl Judgements and key sources of estlmation uncertalnty
The preparation of the financial statement5 requires management to make judgements,
estimates and assumptions that affect the amounts reported. These estimate5 and
judgements are continually reviewed and are based on experience and other factors,
including expectations of future events that are believed to be reasonable under the
circumstances.
{d) Group flnancial statements
The financial statements consolidate the result5 of the charity and its wholly owned
subsidiary Curzon Community Clnema Ltd on a line-by-line basis. A separate Statement
of Financial 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 charity or Its subsidiary.
There 15 sufficient certainty that receipt of the income is consldered probable.
The amount can be measured reliably.
Donations, grants ond sponsorship
Income from donation5, grants and sponsorship, including capital grants, Is included in
Income when these are receivable, except as follows:
when donors specify that donations and grants given to the charity must be
used in future accounting periods, the income is deferred until those periods;
and
when donors impose conditions which have to be fulfilled before the charity
becomes entitled to use such income, the income is deferred and
not included in incomin8 resources until the pre-conditions for use have been
met.
When donors specifythat donations and grants, includin8 capital grants, are for particular
restricted purposes, which do not amount to pre-conditions regarding
17

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024 Icontinuedl
ACCOUNTING POLICIES (continued)
entitlement, this income is included in incoming resource5 of restricted funds when
receivable.
Intangible income
Intangible income, which comprises donated services, is included in income 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 financial cost
borne by a third party. The value of services provided by unpaid volunteers is not included
in the financial statements.
Interest receivoble
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 ond confectionary sales
This income is included and recognised at the point of sale. Income is stated excluding
discounts, rebates, value added tax and other sales taxes.
Rental 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
Expenditure 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 required, and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was
incurred.
Certain expenditure is directly attributable to specific activities and has been included in
those cost categories. Certain other costs, which are attributable to more than one
activity, are apportioned across cost categories on the basis of an estimate of the
proportion of time spent by staff on those activitie5.
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
basis for time spent on activities.
18

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024 Icontinuedl
ACCOUNTING POLICIES (continued)
{g} Allocatlon of support cost5
Support costs are those functions that assist the work of the charity but do not directly
undertake charitable activities. Support costs include back-office costs, finance,
personnel, payroll and governance costs which support the Charit¢5 programmes and
activities. These costs have been allocated between cost of raising funds and expenditure
on charitable activities. The bases on which 5UPPOrt costs have been allocated are set out
in note 12.
(h) Intangible fixed assets
Amortisation is calculated so as to 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
{il Tangible flxed assets
The cost of tangible fixed assets is capitalised and depreciated over their expected useful
lives on the following basis:
Fixtures, fittings and equipment
Freehold properties, excluding land
Freehold properties improvements
25% reducing balance
2% straight line
IO% straight line
The charlty 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 it5 deemed cost going fonvard.
(i.) Funds accountlng
Funds held by the charity are:
Unrestricted general funds - these are funds which can be used in accordance with the
charitable objects at the discretion of the trustees.
Restricted funds-these are funds that can only be used for particular restricted purposes
wlthin the objects of the charity. Restrictions arise when speclfied 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 CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024 {continuedl
ACCOUNTING POLICIES Icontinuedl
Ik) Fixed assets Investments
Investment in Subsidiary is stated at cost.
{11 Stock
Stock is valued at the lower of cost and net realis3ble 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 3ftert3king 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 les5 from the date of acquisltion or opening of dep051t
account.
(o) Creditor5 and provlslons
Creditors and provisions are recognised when the charity has a present obligation
resulting from a past event that will probably result in the transfer of fund5 to a third party
and the amount due to settle the obli8ation can be measured or estimated reliably.
Creditors and provi5ion5 are normally recognised at their settlement amount after
allowing for any trade discount5 due.
{p} Finance leases and hlre purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the
statement of financial position as assets and liabilities at the lower of the fair value of the
assets and the present value of the minimum lease payments, which is determined at the
inception of the lease term. Any initial direct cost5 of the lease are added to the amount
recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the
outstanding lease liability using the effective interest method. Finance charges are
allocated to each period so as to produce a constant rate of interest on the remaining
balance of the liabilitv.
20

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
NOTES TO THE CONSOLIDATED FINANCIAL STATEMEHrs
FOR THE YEAR ENDED 31 DECEMBER 2024 (continued}
ACCOUNTING POLICIES (continued)
{q} Flnancial instruments
The trust only has financial assets and financial liabilities of a kind that qualify as basic
financial instruments. Basic financial instrument are inÉtially 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 effective
interest method.
Ir) Defined contrlbutlon plans
Contributions to defined contribution plans are recognised as an expense in the period in
which the related seniice 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 in 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 AKrs
COMPANY LIMITED BY GUARANTEE
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024 (continued)
COMPARATIVE CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
Unrestricted
Funds
Restritted Total funds
Funds
2023
Note
INCOME AND EXPENDITURE
Income from:
Grants, donations and legacies
Charitable activities
Other trading activities
Investments
3,593
355,899
225,281
642,727
37,981
41,574
355,899
225,281
60,400
TOTAL INCOME
642,727
37,981
680,708
Expenditure on:
Raising funds
Charitable activities
99,112
584,669
99,112
618,474
33,805
TOTAL EXPENDITURE
683,781
33,805
717,586
Net income/ lexpenditurel
(41,0541
4,176
{36,878)
22

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024 (continued)
FINANCIAL PERFORMANCE OF THE CHARITY
The consolidated statement of financial attivities includes the results of the charit￿5 wholly
owned subsidiary which operates the running of the Curzon Cinema.
The summary financial performance of the charity alone is:
Total
2024
Total
2023
Income from:
Grants, donations and le8acies
Other tradln8 activities
Investments
49,042
5,014
64,021
41,574
10,265
57,902
TOTAL INCOME
118,077
109,741
Expendlture on:
Charitable activlties
134,537
154,490
TOTAL EXPENDITURE
134,537
154,490
Net Incomel(expendlture)
{16,4601 144,7491
Total funds brought forward
859,517
904,266
Total funds carried forward
843,057
859,517
Represented by:
Restricted funds
Unrestricted funds
1,184
841,873
1,184
858,333
TOTAL FUNDS
843,057
859,517
23

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024 {continuedl
GRANTS, DONATIONS AND LEGACIES
Unrestricted Restricted
Funds
Funds
Total
2024
Total
2023
Donations from the public
Lottery
Restoration project
Roof fund
NLHF
Balcony fund
Donations from the public
North Somer5et Council
Other grants and donations
17,936
102
1,020
17,936
102
1,020
130
1,020
36,401
1,580
16,0011
28,984
28,984
1,000
I,ooo
20,058
28,984
49,042
41,574
7. CHARITABLE ACTIVITIES
Unrestricted Restricted
Funds
Funds
Total
2024
Total
2023
Curzon Community Clnema
- Box Office
Events
426,544
426,544
355,899
426,544
426,544
355,899
24

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024 (continued)
8. OTHER TRADING ACTIVITIES
Unrestricted Restricted
Funds
Funds
Total
2024
Total
2023
Curzon Community Cinema
Confectionary sales
Lounge bar
- Advertising income
Interruption of business
insurance claims
- Other
136,337
61,459
11,607
136,337
61,459
11,607
101,003
64,357
12,525
3,425
43,971
49,010
49,010
258,413
258,413
225,281
9. INVESTMENT INCOME
Unrestricted Restricted
Funds
Funds
Total
2024
Total
2023
Rental income
Insurance recharged
UK bank interest
51,207
12,636
354
51,207
12,636
354
56,919
1,035
64,197
64,197
57,954
25

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024 Icontinuedl
10. TOTAL EXPENDITURE
Direct
Other
Staff Costs Direct Costs Total
Total Ex
enditure- 2024
Expenditure on raislng funds:
Costs of applying for grants and donations
Curzon Community Cinema Ltd
Trading income from bar, food
and advertising
1,206
1,206
11,872
97,692 109,834
11,872
99,168 111,040
Expenditure on charitable actlvltles:
Curzon Cinema
Restoration project
Balcony project
256,056 394,190 650,246
19,604
19,604
13,994
13,994
256,056 427,788 683,844
267,928 526,956 794,884
26

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024 Icontinuedl
Direct
Other
Staff Costs Direct Costs Total
Total Ex
enditure- 2023
Expendlture on raising funds:
Costs of applying for grants and donations
Curzon Community Cinema Ltd
- Trading income from bar, food
and advertising
1,922
1,922
9,846
87,344
97,190
9,846
89,266
99,112
Expenditure on charitable actlvitle5:
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
Other direct cost5 include..
2024
2023
Amortisation
Depreciation
Loan interest charged at amortised cost
944
1,329
66,250 58,494
1,347
6,777
27

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
NOTES TO THE CONSOLIDATED FINANCIAL sTATEmE￿rS
FOR THE YEAR ENDED 31 DECEMBER 2024 {continuedl
11. SUMMARY ANALY515 OF EXPENDITURE AND RELATED INCOME FOR CHARITABLE ACTIVITIES
Curzon Restoration
Cinema
Project
Roof Balcony
Fund
Fund
Total
Current
ear- 2024
Costs
Box Office
1650,246) 119,604)
426,544
113,994) 1683,844)
426,544
Net cost funded from
other income and funds
brought forward
1223,702) 119,6041
113,9941 1257,3001
Curzon Restoration
Cinema
Project
Roof
Fund
Total
Prior
ear- 2023
Costs
Box Office
(577.7601 119,605)
355,899
16,8791 114,2301 {618,4741
355,899
Net cost funded from
other income and fvnds
brought forward
1221,8611 {19,605)
(6,8791 114,2301 {262,575)
12. SUPPORT AND GOVERNANCE COSTS
Charity support & governance costs have all been allocated to the Curzon Cinema, and
Fundraisin& on the activities basis of direct staff costs. Support and governance costs consisted
of these activities:
2024
2023
Salary costs
Office cost5
Governance costs- Independent examination
22,297
4,906
7,068
19,824
3,139
8,000
34.271
30.963
28

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024 (continued)
13. STAFF COSTS AND TRUSTEES, REMUNERATION
2024
2023
Wages and salaries
Social security costs
Employer pension contributions
250,614 216,451
13,240
7,455
4,074
3,370
267,928 227,276
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 key management personnel of the group comprise the trustees, the Chlef 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 benefits of
the key management personnel of Curzon Clevedon Community Centre for the Arts were
£133,949 {2023: £116,821),
The average number of employees analysed by function was:
2024
No.
2023
No.
Management and administration
Cinema
io
10
15
15
29

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMrrED BY GUARANTEE
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024 (continued)
14. INTANGIBLE ASSETS- GROUP
Website
Total
COST
At ljanuary 2024
Addition5 acquired separately
13,958
13,958
At 31 December 2024
13,958
13,958
AMORTISATION
At l January 2024
Char8e for the year
10,183
944
10,183
944
At 31 December 2024
11,127
11,127
NET BOOK VALUE
At 31 December 2024
2,831
2,831
At 31 December 2023
3,775
3,775
30

CURZON CLEVEDON COMMUNrrY CENTRE FOR THE AKrs
COMPANY LIMITED BY GUARANTEE
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT5
FOR THE YEAR ENDED 31 DECEMBER 2024 (continued)
15. TANGIBLE ASSETS- CHARIT
Fixtures
fittings
Freehold
ro
ert
Total
COST AND DEEMED COST
At l January 2024
Additions
1,155,981
252,313
41,806
1,408,294
41,806
At 31 December 2024
1,155,981
294,119
1,450,100
DEPRECIATION
At l January 2024
Charge forthe year
471,599
38,212
204,647
22,368
676,246
60,580
At 31 December 2024
509,811
227,015
736,826
NET BOOK VALUE
At 31 December 2024
646,170
67,104
713,274
At 31 December 2023
684,382
47,666
732,048
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 transttion 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 BY GUARANTEE
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT5
FOR THE YEAR ENDED 31 DECEMBER 2024 Icontinued}
16. TANGIBLE ASSETS- GROUP
Fixtures
fittings
ui
Freehold
ro
Total
COST AND DEEMED COST
At ljanuary 2024
Additions
1,155,981
319,591
51,893
1,475,572
51,893
At 31 December 2024
1,155,981
371,484
1,527,465
DEPRECIATION
At ljanuary 2024
Charge for the year
471,599
38,212
259,331
28.038
730,930
66,250
At 31 Decernber 2024
509,811
287,369
797,180
NET BOOK VALUE
At 31 December 2024
646, 170
84,115
730,285
At 31 December 2023
684,382
60,260
744,642
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 rneasure 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.
32

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024 Icontinuedl
17. INVESTMENTS- GROUP AND CHARITY
Group
2024
Charity
2024
2023
2023
Investment in subsidiary- shares at C05t
subsidia
com
an
Curzon Clevedon Community Centre for the Art5 owns the whole of the issued share capltal of
Curzon Community Cinema Limited, a company re8iStered in England and Wales. Its principal
activity 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
2024
Charity
2024
2023
2023
Trade debtor5
Due from subsidiary undertaking
Prepayments and accrued income
Other debtors
5,387
17,168
4,345
14,030
7,350
66,462
37,330
1,116
67,245
5,060
36,503
43,833
89,473
40,848
87,842
33

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
NOTES TO THE CONSOLIDATED FINANCIAL sTATEME￿r5
FOR THE YEAR ENDED 31 DECEMBER 2024 Icontinuedl
19. CREDITORS.. Amounts falling due within one year
Group
2024
Charity
2024
2023
2023
Trade creditors
Accruals and deferred income
VAT liability
Social security and other taxes
Secured bank loan
Coronavirus Bounce Back Loan
Other creditors
Due from subsidiary undertaking
32,740
53,637
30,764
6,798
48,996
45,394
24,642
4,073
53,372
5,955
158
412
17,950
1,726
16,214
19,463
1,822
53,372
5,955
5,955
541
5,955
384
1,655
130,435 182,590
28,082
96,826
20. CREDITORS.. Amounts falling due after more than one year
Group
2024
Charity
2024
2023
2023
Coronavirus Bounce Back Loan fallin8
due in less than 5 years
Coronavirus Bounce Back Loan fallin8
due after 5 year5
23,820
23,820
23,820
23,820
2,977
8,932
2,977
8,932
26,797
32,752
26,797
32,752
The bank loans are financial instruments measured at amortlsed cost.
34

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
NOTE5 TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024 Icontinuedl
21. PROVSIONS FOR LIABILITIES
Group
2024
Charity
2024
2023
2023
Deferred tax- taxation allowance5
3,665
2,970
22. RELATED PARTY TRANSAcfioNS
There were no related party transaction5 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 the Taxation of Chargeable Gains Act 1992 to the extent that
these are applied to it5 charitable objects.
24. UNRESTRICTED FUNDS
Unrealised
revaluation
reserves
General De5i8nated -
realised Contingency
reserves
fund
Balcony
depr'n
fund
Total
8alance at l January 2024
Income
Expenditure
Transfers
467,860
175,855
769,212
1779,110)
28,388
88,000
125,941
857,656
769,212
(13,9941 1793,1041
28,388
Balance at 31 December 2024 467,860
194,345
88,OCrf)
111,947
862,152
35

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024 {continuedl
24. UNRESTRICTED FUNDS Icontinuedl
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
Stage Commercial
Lighting Equipment
Upgrade
Upgrade
Total
Balance at l January 2024
Income
Expenditure
Transfers
1,184
1,184
10,000 28,984
{1,7801 11,7801
{8,220} {28,3881
18,984
(1,184) 118,984}
Balance at 31 December 2024
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.
Sta
eLi
htin
rade
Funding received in respect of the purchase and installation of a new lighting bar, new stage
lights and a lighting desk.
Commercial E
ui
ment U
rade
Funding received in respect of a new coffee machine and maintenance of and existing projector.
36

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024 (continued)
26. ANALYSIS OF NET ASSETS- GROUP
Net Long term
current liabilities +
assets provisions
Total
net
asset5
Intangible Tangible
asset5
assets Investments
At 31 December 2024:
Unrestricted
Revaluation
General
Designated
467,860
2,831 150,478
111,947
467,860
(30,462) 194,345
199,947
71,498
88,000
Total funds
2,831 730,285
159,498
130,4621 862,152
27. ANALYSIS OF NET ASSETS- CHARITY
Net Long term
current liabilities +
assets provisions
Total
net
assets
Intangible Tangible
assets
assets Investments
At 31 December 2024".
Unrestricted
Revaluation
General
Designated
467,860
133,467
111,947
467,860
126,797) 175,250
199,947
68,576
88,000
Total funds
713,274
156,576
126,7971 843,057
37

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024 (continued)
28. TOTAL CASH & CASH EQUIVALENTS
Total cash & cash equivalents as at 31 December 2024 are represented as follows:
Group
2024
Group
2023
Charity
2024
Charity
2023
Cash at bank
Cash in hand
239,167 231,617 143,810 169,201
830
800
239,997 232,417 143,810 169,201
38

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ART5
COMPANY LIMITED BY GUARANTEE
NOTES TO THE CONSOLIDATED FINANCIAL ￿ATEmENTs
FOR THE YEAR ENDED 31 DECEMBER 2024 Icontinuedl
29. SUBSIDIARY COMPANY
Curzon Clevedon Community Centre for the Arts owns the whole of the issued share capital of
Curzon Community Cinema Limited (company number - 032554121, a company registered in
England and Wales. The address of the registered office is 46 Old Church Road, Clevedon, BS21
6NN.
Its principal activity is to operate the Curzon Cinema in Clevedon, North Somerset. All activities
have been consolidated on a Sine by line basis in the Statement of Financial Activities.
The total net profit is gifted to Curzon Clevedon Community Centre for the Arts. A summary of
the results of the subsidiary is shown below:
CURZON COMMUNITY CINEMA LTD..
2024
2023
Turnover..
Box office
Confectionery and bar sale5
Advertising
Lounge bar
Other
426,544
136,337
11,607
61,459
44,171
355,899
101,003
12,525
64,357
34,258
680, 118
568,042
Direct costs:
2024
2023
Film hire
Confectionary and bar purchases
Direct wages
Other direct costs
Cinema building expenses
Administrative expenses
Advertising
199,157
68,506
237,448
27,315
32,443
79,382
16,096
169,752
62,084
196,925
22,410
26,279
75,766
9,880
660,347
563,096
39

CURZON CLEVEDON COMMUNrrY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024 Icontinuedl
29. SUBSIDIARY COMPANY (continued)
Other operating income:
2024
2023
Furlough grants
Insurance claims
2,925
Net Iloss}/profit
19,772
7,871
The ag8regate of the assets, liabilities and funds was:
Assets
Li3bilities/provi5ions
126,771
95,409
1107,672) 196,0821
Funds
19,099
{673)

CURZON CLEVEDON COMMUNrrY CENTRE FOR THE ART5
COMPANY LIMITED BY GUARANTEE
NOTES TO THE CONSOLIDATED FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024 Icontinuedl
30. NET DEBT RECONCILIATION
Anal
sis of chan
es in net debt for the Grou
2024
At
start
of year Ca5hflows
Other
non-cash
changes
At
year
end
Cash at bank and in hand
232,417
7,580
239,997
Secured bank loan (falling due
within l year)
153,372)
52,930
442
Other bank loans (falling due
Within l yearl
(5,9551
5,955
(5,9551
{5,9551
Other bank loans (falling due in
Less than 5 years)
123,8201
123,8201
Other bank loans {falling due
after 5 years)
(8,9321
5,955
12,977)
140,338
66,465
442
207,245
41

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024 Icontinuedl
30. DEBT RECONCILSATION Icontinuedl
Anal
sis of chan
e5 in net debt for the Charit 2024
At
Start
of year Cashflows
Other
non-cash
changes
At
year
end
Cash at bank and in hand
169,201
(25,3911
143,810
Secured bank loan (falling due
within l year)
153,3721
52,930
442
Other bank loans (falling due
Within l yearl
15,9551
5,955
15,955}
15,9551
Other bank loans (falling due in
Less than 5 year51
123,8201
(23,8201
Other bank loan5 (falling due
after 5 years)
(8,9321
5,955
{2,9771
77,122
33,494
442
111,058
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 CONSOLIDATED INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
INCOME
Other grants and donations
Box office income
Confectionary and bar sales
Advertising income
Insurance claims
Other cinema income
Rental income
Insurance recharged
Bank interest received
49.042
426,544
197,797
11,607
41,574
355,899
165,360
12,525
3,425
43,971
56.919
49,010
51,206
12,636
354
1.035
798,196
680,708
Expenditure for the year (see page 45)
1794,8841
1717.5861
Surplus/lDeficitl for the year
3,312
136,8781
Funds brought forward
858,840
895,718
Funds carried forward
862,152
858,840

CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS
COMPANY LIMITED BY GUARANTEE
DETAILED CONSOLIDATED INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
EXPENDITURE
Costs of applying for grants and donations
Film hire
Confectionary and bar purchases
Direct cinema costs
Direct cinema wages
Employers, NIC
Employers, pension
Freight and carriage
Other costs of sales
Staff salaries
Training costs
Rent
General rates and water
Light and heat
Insurances
Premises expenses
Motor and travelling
Telephone and internet
Printing, stationery and postage
Website maintenance and IT 5UPPOrt
Equipment
Entertalnment
Repairs and renewals
Legal and professional fees
Accountancy and audit
Bank and credit card charges
PRSIPPL charges
Laundry and cleaning
General expenses
Subscriptions and licences
Advertisin8
NLHF Roof Professional Fees
NLHF Activity Co-ordinator
Other charitable expenditure
Activity expense5
Activity resources
Activity training
Sundry expenses
Depreciation
Amortisation
Bad debts written off
Provision for deferred tax
1,206
199,157
68,506
16,680
220,134
13,240
4,074
126
5,996
30,480
1,585
1,922
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
255
23,642
14,943
7,522
230
1,458
1,569
2,071
941
15.033
323
7,068
27,782
7,267
28,159
1,881
5,208
16,096
420
30,885
4.245
23,362
6,839
9,880
8.524
6,879
2.108
5,593
1,523
477
140
58,494
1.329
280
1.743
66.250
944
4,638
794,884
717,586
45