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 2025
CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS COMPANY LIMITED BY GUARANTEE REPORT AND CONSOLIDATED FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 DECEM8ER 2025 CONTENTS Pa Report of the Trustees 1-13 Independent examinerfs report 14 Consolidated statement of financial activities 15 Balance sheet 16-17 Statement of cash flow 18 Notes to the consolidated financial Statements 19-44 Registered charity number- 1058389 Company number- 03238712 CwurnqntRqTr. W8fft-ZQCQ&VlffOFRcKR
CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS COMPANY LIMITED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31" DECEMBER 2025 The Trustees are pleased to present their report together with the consolidated financial statements of the charity and its subsidiary for the year ending 31" December 2025, 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 Association, 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 leffective l January 20191- Icharities SORP IFRS 10211. the Financial Reporting standard applicable in the UK and Republic of Ireland IFRS 1021. Our ur oses and Artivitie5 The purposes of the charity are: al To promote, maintain, improve and advance education of the public in Clevedon and the surrounding 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 residents of areas aforesaid without distinction of sex or political, religious 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 belonging to the charity- The charity furthers 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 encouraged by live performances of music, comedy and drama and by exhibitions of craft and fine art. Operating the Curzon Cinema in Clevedon. Refurbishment and conservation of the historic Cur20n 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 2025 (Continued) Achievements and Perfomiance 2025 was a year ofgrowth forthe Curzon as we continued our recovery towards pre-pandemic audience numbers whilst broadening the scope of our curated pro8rammes and community outreach work. Advancln Education and the Arts During the year, we continued our now well*stablished programming model of showing the biggest and most interesting new film releases, alongside two seasons a year of curated films and live events. 2025 saw the completion of Seasons Four and Five, which included a programme of 81 unique events ranging from Q&As with leading artists and film-makers, documentaries collaborating with a wide variety of community panellists, event cinema screenings from the Royal Opera House and National Theatre, and live music and comedv. Highlights from the season5 included.. A Life in Tandem A documentary following Luke Grenfell-shaw, diagnosed with incurable stage 4 cancer at 24, who cycles 20,IXK) miles from Bristol to Beijing on a tandem bike, sharing the journey with over 800 people along the way. The screening was accompanied by a live Q&A with Luke and director Mike Rumsey. Harry Baker World Poetry Slam Champion Harry Baker brought his national tour to the Curzon for a sold-out performance of his new collection Tender. Wes Banderson A unique night of live music celebrating the film scores of director Wes Anderson. The five-piece ensemble played their way through the soundtracks of Rushmore, The Grand Budapest Hotel, The Royal Tenenbaums, The Life Aquatic and more, dressed as part of Steve Zissou's crew. The audience stepped up with some Wes-inspired threads, including a particularly accurate Fantastlc Mr Fox. Four Volces: Flndlng Home Held as part of Bristol Refugee Festival to mark World RefuRee Day. and devised in partnership with Somerset Storyfest, we hosted an evening of live music, food and storytelling to explore the real human experiences behind immigration. Inspired by the One Tree- Many Branches project, four people who have settled in the UK after fleeing Sudan. Pakistan, Bangladesh and Turkey/Kurdistan shared their stories of reasons for being forced from their homeland and making a new life in our communitie5 here in the UK. Food was provided by Clevedon School students who devised and cooked a menu celebrating their countries of heritage which spanned Europe, Africa, Asia and South America. The event
CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS COMPANY UMITED BY GUARANTEE REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31$1 DECEMBER 2025 {Contlnuedl culminated with all four musicians taking to the stage with Somerset Storyfest's Michael Loader for a musical performance. To ensure the event was accessible for all, it was pay what you want (from £0 up), and was attended by a diverse audience of 87 people from across North Somerset and Bristol. Green Shift One of the highlights from the first year of this project wa5 the Green Shift Festival, devised and hosted in partnership with Sustainable Clevedon. The festival returned for its second year in 2025, and brought together renowned speaker5, performer5 and community events to explore how we can drive meaningful societal change, fosterin8 a spirit of activism and hope. There were several panel discussions throughout the day that included Jonathan Porrit. Mya-Rose Craig, aka BirdGirl, and representatives from Green Futures Network, Disability Climate Justice, Transition Network, Greenpeace, Just Stop Oil, and the Good Law Project. Vegan food was served by Houria. who offer training, safe employment and a sense of belonging to migrant women, who are often female sutvivors of slavery, from their Bristol- based, Afrikan catering company. And the day was rounded off with a musical performance by Amadou Diagne & Cory Seznec. l Am Martin Parr A screening of a new documentary portrait of one of Britain's most distinctive photographers, followed by a live Q&A with Martin Parr himself. The film takes audience5 on an intimate road trip across England, tracing how Parr's unflinching. often funny images of British life came to reshape contemporary photography. Mi5an Harriman and Andy Mundy-castle We were honoured to host the Southwest Premiere of Andy-mundy Castle'5 powerful documentary about the Nigerian-born British Photographer, social activist and Oscar Nomlnated filmmaker, Misan Harriman. Harriman. who is the Chair of the Southbank Centre in London and the first black photographer to shoot a Vogue cover, is one of the most widely-shared visual storytellers of this age with over Im followers on Instagram. Andy Mundy-castle is a BAFTA winning filmmaker, with a long and prolific career documenting diverse stories through a human-centred lens. In Shoot The People he follows Mlsan on a journey that travels from Britain to the US, South Africa and back, documenting the power of protest through history and the growth and personal story of a shining light within the arts and activism. Petra, our Head of Prograrnme was joined by Misan and Andy for an in-person Q&A to discuss the films. themes after a sold-out screening. Snowman + Crty of Bristol Brass Band In what has become an annual tradition we welcomed City of Bristol Brass Band for a host of Christmas classics before a live-soundtracked performance of Raymond Briggs, beloved film, The Snowman.
CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS COMPANY LIMITED BY GUARANTEE REPORT OF THETRUSTEES FOR THE YEAR ENDED 31" DECEMBER 2025 (Continued} Throughout the year we also used funding from the National Lottery Communities Fund to run a series of creative workshops that dovetailed with the programme. A standout one of these was held in May with 30 students from Clevedon School. Many of the student5 were English as an additional language, pupil premium. or neurodiverse. and all took part in a poetry writing workshop with professional poets Danny Pandolfi and Muneera Pilgrim of Bristol-based collective Raise the Bar. The students were selected by the school as part of the legacy of the Leadership Academy developed during our National Lottery Heritage project in 2019, in order to give these students in particular an opportunity for enrichment that they might not otherwise have access to through the curriculum or their personal circumstances. Followingthe workshop, the students were then given the opportunityto perform their poems under the lights and on stage for their peers. The poems that the students wrote often candidly discussed incredibly difficult personal situations. The students. who were from different ages and classes, began the day very quietly, but by the end were cheering each otherfs performances on. It was an inspiring day and showcased the power of art and the best of what we can do as a community arts centre. One of the students who participated in this event has gone on to place second in the Mid- Somerset Festival Creative Writing Competition. In November, we offered a free screening of Elio as part of BFI's'lnto Film. to over 250 students. This included many students who were home schooled and included 168 from Ravenswood School, all of whose pupils have unique and sometimes complex needs. Many of the visitors reported that some of their students had never been to the cinema before. We believe strongly in our role in supporting early career film-makers and film students, and have done this in two ways during thi5 project. The first is our annual collaborative event with Homegrown Shorts to present a festival day of short films made by early-career filmmakers from the Southwest. The event celebrated the best of Southwest emerging filmmaking talent, featuring documentary screenin85, a Q&A panel on making your first documentary, and a presentation from the team behind independent feature The Medusa Box on their journey from short to feature film. The centrepiece was a short film programme showcasing the year's selected homegrown filmmakers, with networking opportunities throughout and a chance to meet the filmmakers over drinks at the end of the evening. Across the two years of this project, we have also given access to the auditorium for students from Bristol Film School to film their final year projects. This has given them a full creative team
CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS COMPANY UMITED 8Y GUARANTEE REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31" DECEMBER 2025 Icontlnued) of 15 students each year, studying courses from pre to post-production, a sandbox to devise and film their project in a professional environment. We have supported this by paying for our technician, who is also a recent graduate of the course, to be present for the whole filming period to help with lighting and sound tech and to give pointers based on his experience. The film that was made in 2025 is going to be presented at Homegrown Shorts later this month. The student filmmaker from this cohort started their journey on a series of film/5top-motion animation workshops we conducted with YMCA and an outreach worker from IntoFilm via our previous NLHF activities project,. so it really is a piece of legacy work that we are seeing blossom with their industry progress. Social Welfare Thro h Recreatlon and Lelsure Our core programmethroughouttheyear continued to be the newfilm releases, which we aim to take as close to release as possible based on distributor demands. Although constrained slightly through belng a single screen cinema we aim to show a very wide-varlety of the biggest films with something for every taste to ensure we appeal to our whole community. In addition to the Season events, we showed 112 different film5 in 2025 from Downton Abbey and The Salt Path to the Minecraft Movie, and The Naked Gun. By far the m05t popular film of the year was Bridget Jones= Mad About the Boy, which 5.936 people flocked to see. The film industry continued what has been a challenging recovery after the COVID-19 pandemic. when film production ground to a halt. National cinema audience5 remained static in 2025 reflecting a combination of a weaker 51ate of films. and continued competition from Streaming services. We're proud and grateful to our audiences that due to the variety of programmlng that we've been able to offer this year, our audience is now only Il% behind 2019 whereas national cinema audiences remained 21% down on pre-COVID levels. Supplementing the main slate and curated programme, we were blessed with excellent Irve screenings of theatrical productions including the latest releases from the National Theatre, and welcome cinema releases of hit musicals Six and Hamilton. We also showed a wide variety of screenings from the Royal Opera House and Royal Ballet. Rounding off ourentertainment programme, we hosted a numberoftop comedians during the year for both our Curzon Comedy night, and UK tours, including Shaparak Khorsandhi, Suzi Ruffell. Zoe Lyon5, and Josie Long.
CURZON CLEVEDON OMMUNITY CENTRE FOR THE AR COMPANY UMITED BY GUARANTEE REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31. DECEMBER 2025 (Contlnued) Preservin th Curzon for Future Generatlons We remain committed to our role as custodians of a cherished heritage asset and have done this through both investment in our equipment and progressing plans for future renovations. We continued plans to upgrade our abilityto screen films on 35mm film through the restoration of a second projector, which began through fundin8 in 2024 from the UK Shared Prosperity Fund. Because these projectors aren't commercially produced any more. this has been a labour of love involving specialist support from projection experts Sound Associates, who have sourced various parts to restore an existing projector from our archive, and upgrading the extraction in the projection room. After neady two years, we have finally sourced the required lenses that match the throw of our auditorium and aspect ratio of our screen, and we have a date for the final installation in June 2026. This will make a huge improvement in our ability to screen heritage film in a heritage location, as we will be able to do the required changeovers that are a condition of borrowing film5 from archives such as the BFI. Following the restoration of the balcony in 2023. the Board have been progressing the next and hopefully final stages of the capital renovations to the cinema. A design team including a heritage surveyor, architects. MEP and structural engineers were appointed in the Autumn to give options and costs on the restoration of the fafjade and auditorium, as well as improvements to the accessibility and environmental impact of the building. These plans will continue to be developed over the coming years. In addition to looking after the building and archive, we have also ensured that we give plentiful opportunitie5 in the programme to showcase our history and heritage. We gave a number of private and public tours during the year, one of which was part of Heritage Open Days, for which we hosted a free screening of the film 'Balmoral' in which a dedicated group of volunteers raced to save the Balmoral. a 1949 passenger vessel moored in Bristol harbour, battling time, bureaucracy and financial hardship to preserve a piece of disappearing British maritime history. We were }olned for an Introduction by professional architect, historic conservation advisor, and Balmoral volunteer, Maggie Urquhart. The event was run by volunteers who gave history tours of the building to the public before the screening, before a demonstration of our 1930s or8an by volunteer organist Bernie Brown. And Bernie brought the year to a close with his now traditional extravaganza of silent film with accompaniment on our beloved 1932 Christie's Organ between Christmas and New Year. Playing to a sold out crowd, Bernie brought his usual flair with favourite cinema melodies,
CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS COMPANY LIMITED BY GUARANTEE REPORT OF THETRUSTEES FOR THE YEAR ENDED 31# DECEMBER 2025 (Continued) interspersed with some modern nods, to accompany a double-feature of Buster Keaton classics. Brand refresh Having developed the programme significantly since the pandemic. with ambitious plans to continue to develop the charity as a cinema and multi-art5 venue. the Board and Management have refreshed the visual identity to reflect this work. We wanted thls work to be artist rather than agency led, and so worked with member5 of Bristol poetry collective Raise the Bar, Danny Pandolfi, Saili Katebe and Kat Lyons, to commission a poem about the Curzon, informed by time spent in the archives, and workshops with customers, volunteers and staff. Curiosity takes your hund and leads YOU through the open door, an opening chapter to anotherstory. Ascend the sta10v, toke your seot, wait to be transported, lifted, refromed in light. In thisfeeling of timelessness. of past and present groppling. Afeeling like it's happened. but somehow it's still hoppening. It's a ployground of wonder, and eoch window's t7n outlook to lifetimes inspired by a singular output. The rom-com that, quite simply, made your doy better, the smile on theface of a loved one you treosure. In the town's living room, where hope comes to drink. creativity's courted ond loneliness shrinks. We stoyed open during wortimes survived through the poor times, local heroes saved the building to ensure we'd do this rnore times. Now these are your time5-
CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS COMPANY LIMITED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2025 Icontlnuedl Forfon5 of movies, music, musings and community, we're more than just a cinemo, come reel in opportunity, with comedy, poetry. theotre and dance to orchestras, jazz quortets, come take a chance on the ort of thi5 town. in the heort of thi5 town, this building invite5 all North Somer5et down. From Poet5, Walk to seeing poets talk, we're ort-loving descendants a place of culture, creatives, we've remoined independent. Because live art matters- it inspires revolutions, musicians ond ortists provide us solutions And when stories seem distont. the meaning stoys locol, we relote to resisters, the dreamers. the hopeful, US Stories outside join with stories within. und when the show ends- your next story begins. This poem was then interpreted visually by John and Rachel at Coe Creative, Clevedon-based printmakers behind the magazine Pressing Matter5, whose hands-on print backgrounds gave a visual articulation to the brand. The bold print shapes with vibrant colour5. nod to film posters of Saul Bass and printwork of Sister Corita Kent. but also contemporary artists like Yinka Ilori. The result is an identity made by practising artists, rooted in our community, and one that better reflects the organisation we are building. Financial Review 2025 was a year of steady financial progress. Total income across the group grew 3.1% to E823,13912024= 798,1961, driven by a modest increase in box office income as audiences continued their post-pandemic recovery, and a meaningful uplift in grant and donation income to £58,IIXI12024.. £49,042> due to a generous grant towards core costs from Garfield Weston Foundation. £7,500 of this income was restricted12024: £28,894). The charity undertook its main charitable activity, that of running the Curzon Cinema through its trading subsidiary, Curzon Community Cinema Ltd. Included in the total income above, the subsidiary had box office income of £431,53012024: £426,544) and confectionary and bar sales of £189,721 {2024'. £197,796)
CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS COMPANY LIMITED BY GUARANTEE REPORT OF THETRUSTEES FOR THE YEAR ENDED 31# DECEMBER 2025 Icontlnued) Total expenditure rose 3.7% to £824,454. resulting in a consolidated deficit of £1,31512024'. surplus of £3,3121. Total restricted expenditure in the year was £7,50012024: £1,708). This includes an unrestricted deficit of £1,315 after transfer of funds for the year and a restricted surplus of £nil for the year. However, the headline loss requires context.. included within it is a depreciation charge of £59.761 on tangible and intangible assets, reflecting amortised cost of investrnents made in the balcony and earlier renovations, recent lighting upgrades and equipment. Consequentially, our free reserves p051tion improved from £132.701 to £161,667 during the year. We have achieved our reserves policy target of three month's running costs1£150,OCKII two years earlier than in our five-year financial plan through careful financial management and the sustained support of our funders and audiences. The surplus above that target, £11,6CKI, has been transferred into a new designated fund, earmarked for future renovations to the building. At the year-end the group had total funds of £860,837, of which £nil were held in restricted funds. Net current a55ets at 31st December 2025 were £182,510. Total cash at this date stood at £264,49612024: 239,9971 meaning working capital remains healthy and the charity is well P051tioned for the year ahead. Volunteerin We would like to say an enormous thank you to all 112 of our wonderful volunteers who gave over 8,0 hours of their time, across a wide range of roles. from usherin& serving on the bar, maintaining the building, Cataloguing film posters, projecting 35mm films. giving tours and playingthe organ. We wouldn't be able to dowhat we do withoutthis huge amount ofsupport. Fundralsln We would also like to thank our funders.. The Hawthorns Clevedon for your generous donation, and for bringing busloads of residents to our matinee screenings. The BFI Film Hub, for both advocacy and training, in addition to financial support. To the National Lottery Community Fund. for continued funding of our Activities Officer post over the last two years, which has enabled a project involving 13.000 members of our community. To Garfield Weston Foundation, who gave £25,000 towards core costs, enabling us to continue taking risks in developing the programme as audiences recover to pre-pandemic levels. And finally, to all of the individuals who gave a combined £24,543 towards the on80in8 running Costs of the charity.
CURZON CLEVEDON OMMUNITY CENTRE FOR THE ART5 COMPANY LIMITED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31" DECEMBER 2025 IContlnued} Reserves P 11¢ The Trustees have decided that to further secure the continuance of the charity, the reserves policy should be such that group free reserves Inet current assets held within unrestricted general reserves, less long-term liabilitiesl plus designated contingency funds should wherever Possible and appropriate, be £150,IXJO. This currently equates to 3 months of unrestricted expenditure. The free reserves of the group at 31 December 2025 were £62,067. The contingency fund was £88,(MXI which is designated to 'the graceful winding up of the charity if ever required, leaving free reserves plus designated contingency funds of £150,067. Reference and Admlnistrative Inforniation Charity Name.. Curzon Clevedon Community Centre for the Arts Charity Registration number: 1058389 Company Registration number: 03238712 Registered Office: 46 Old Church Road Clevedon North Somerset BS216NN Independent examiner.. Burnslde, 61 Queen Square, Bristol, BSI 4JZ Bankers: Lloyds Bank, Clevedon Branch Directors and trustee5 The directors of the charltable 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 Sheridan David Turner Daniel Cheesman Katie Clementson-Lee io
CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS COMPANY LIMITED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 315t DECEMBER 2025 (Contlnuedl Charlotte Crofts Nigel Dyke Jeremy Hayward Senlor Mana ement Team Andrew Caddy, Chief Executive Jan Cromey, Finance Manager Gemma Burchill, Front of House Manager Petra Mansour. Head of Programme Structure Governance and Mana Governin Document ement Curzon Clevedon Community Centre for the Arts is a charitable company limited by guarantee. incorporated as a registered charity on 16 August 1996. It wholly owns a subsidiary trading company, Curzon Community Cinema Limited which was incorporated on 26 September 1996. The charity wa5 established under a Memorandum of Association which establishes the objects and powers of the 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 member5 at the Annual General Meeting of the charity. Trustees are elected to serve for a period of three years. after which they can be relected 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 by the Board of Trustees hold5 office until the next Annual General Meeting and is then eligible for election. Trustee Induction and Trainin New trustees undergo a briefing with the chairman which covers, amon8 Other thin85, 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 charlty. They also visit the Cinema and its office to meet key employees and to gain an understanding of the work being conducted in the organisation. li
CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS COMPANY LIMITED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31" DECEMBER 2025 (Contlnued) 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 few board meetings as observers before a final decision is made on their appointment to the board. Or nlsatlon The Board of Trustees administers the charity and is responsible for its strategic direction and policy. The Board meets bi-monthly. A Chief Executive is 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 Parties There are no other charities that are related to the Curzon Clevedon Community Centre for the Arts. Risk 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 Trustee5. 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 Art5 aim5 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 wider area in the operation of the Curzon cinema. It also aims to benefit the public by maintainin& conserving and seeking to restore the building in accordance with its heritage status. 12
CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS COMPANY LIMITED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31# DECEMBER 2025 (Continued) Trustees, Res onsibilities 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 golng concern basis unless it Is inapproprlate 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 ensure that the financial statements comply with the Companies Act 2CKI6. They are also responsible for safeguarding the assets 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 examiners 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 partie5 have received benefit or remuneration from the charitable company. BY ORDER OF THE BOARD DAVID SHERIDAN DATE 202&06-10 TRUSTEE 13
CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS COMPANY LIMITED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT TO THE ThUSTEES 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 2025. Responslbllltles and basls of report As the charitls trustees of the Company land 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 ACYI. Having 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 examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 20111'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515} Ibl of the 2011 Act. Independent examinerf5 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 m a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confimi 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 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 2(K)6 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 lapplicable to charities preparing their account5 in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concern5 and have come across no other matters in connection with the examination to which attentio should be drawn in this report in order to enable a proper understanding of the accounts to be reached Slgned: Name: Stephen B rnside FCA Relevant professlonal body: Instltute of Chartered Accountants In England & Wales Address: Burnslde Chartered Accountants, 61 Queen Square, Brlstol, BSI 4JZ Date: 1510&/2 14
CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS COMPANY LIMITED BY GUARANTEE CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025 Unrestricted Funds Restricted Total funds Funds 2025 Total funds 2024 Note INCOME AND EXPENDITURE Income from: Grants, donations and legacies Charitable activities Other trading activities Investments 50,600 431,605 276,750 56,684 7,51 58,100 431,605 276,750 56,684 49,042 426,544 258,413 64,197 TOTAL INCOME 815,639 7,5(J) 823,139 798,196 Expenditure on: Raising funds Charitable activities 106,811 710,143 106,811 717,643 111,040 683,844 7,51 TOTAL EXPENDITURE io 816,954 7,5CiI 824.454 794,884 Net incomel (expenditure) 11,3151 11,3151 3,312 Transfers between funds Net movement in funds 11,3151 11.3151 3,312 Re¢onclllation of funds: Total funds brought forward 862,152 862,152 858,840 Total funds carried forward 26 860,837 860.837 862,152 The notes on pages 19 to 44 form part of these financial statements. The statement of financial activities includes all gain5 and1055es recognised in the year. All income and expenditure derive from continuing activities. The prior year Consolidated Statement of Financial Activities is provided in note 4. 15
CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS COMPANY LIMITED BY GUARANTEE BALANCE SHEET AT 31 DECEMBER 2025 Group 2025 Group 2024 Charity 2025 Charity 2024 Notes FIXED ASSETS Intangible fixed assets Tangible fixed assets Investments 14 2.123 15. 16 701.431 17 2,831 730,285 680,063 713,274 703.554 733.116 680,067 713,278 CURRENT ASSErs Stock Debtors Cash at bank and in hand 6.775 45,952 264.496 6.103 43,833 239,997 18 24,186 181,986 40,848 143,810 317,223 289,933 206,172 184,658 CREDITORS.. Amounts falling due within one year 19 134,713 130,435 31,114 28.082 NET CURRENT ASSETS 182,510 159,498 175,058 156.576 TOTAL ASSEfs LESS CURRENT LIABILITIES 886,064 892,614 855,125 869,854 cREDORS. Amounts falling due After one year 20 20,842 26,797 20,842 26,797 PROVISIONS FOR LIABILITIES 21 4.385 3,665 NET ASSETS 860,837 862,152 834,283 843,057 FUNDS: Unrealised revaluation reserve General realised reserves Designated reserves 467.860 207,024 185.953 467,860 194,345 199,947 467,860 180,470 185,953 467,860 175,250 199,947 Total unrestricted reserve5 24 860.837 862,152 834,283 843,057 Restricted 25 Total charity funds 26, 27 860.837 862,152 834,283 843,057 16
CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS COMPANY LIMITED BY GUARANTEE 8ALANCE SHEET AT 31 DECEMBER 2025 (continued) The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of sectlon 477, and that no member or members have requested an audit pursuant 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 proflt or loss for the financial year in accordance with the requirements of section 393, and which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to the company. The trustees have prepared group accounts in accordance with section 398 of the Companies Act 2006 and section 138 of the Charitie5 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 applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191- Icharities SORP IFRS 10211, the Financial Reporting standard applicable in the UK and Republic of Ireland IFRS 1021. These financial statements were approved by the director5 and authorised for issue on and are si8ned on their behalf by: 2026-06-10 DAVID SHERIDAN TRUSTEE DATE 2026-06-15 DANIEL CHEESEMAN TRUSTEE DATE The notes on pages 19 to 44 form part of these financial statements. Company number- 03238712 17 R*.W8TrE-ZGCQ>VKYWFRCKR
CURZON CLEVEDON COMMUNifi CENTRE FOR THE ARTS COMPANY LIMITED BY GUARANTEE STATEMENT OF CASHFLOW FOR THE YEAR ENDED 31 DECEMBER 2025 Group 2025 Group 2024 Charity 2025 Charity 2024 Notes Reconciliation of net movement In funds to net cash flow from operatlng activitles Net movement in funds Add back depreciation charge Add back amortlsation charge Less interest received Add bank loan interest Decrease/lincrease} in stock Ilncreasel in trade debtors Ilncreasel/decrease in other debtors Increase/ldecreasel in trade creditor5 Increasel{decreasel in other creditors 11,3151 59,053 707 15,1381 3,312 66,250 944 1354} 14,995} 1,347 16721 742 18,7031 11,781 6,585 33,858 112,3191 116,2561 17,317 18.169 18,7741 116,4591 51,930 60,580 {1791 1,347 1.799 14,863 2,195 837 9.685 37,310 115,8021 429 Net cash used in operating artivities 55,515 119,793 S755 76.911 Cash flows from investing activities Purchase of tangible fixed assets Interest recelved 130,1991 151,8931 118,7191 141.8071 5,138 354 4.995 179 Cash provided by/(used In) Investlng actlvltles 125,061) (51,5391 {13,724) 141,6281 Cash flows from financing activities Repayment of borrowing Bank loan interest paid 15,955} 158,8851 15,9551 158,8851 11.7891 11,7891 Cash provlded by/{used In) flnandng artlvltles 15,955) (60,674} {5.955) 160,6741 Increase/{decreasel in cash & cash equivalents 24,499 7,580 38,176 125,391) Cash & cash equivalents at the beginning of the year 239,997 232,417 143,810 169,201 Total cash & cash equivalents at the end of the year 264,496 239.997 181,986 143,810 18
CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS COMPANY LIMITED BY GUARANTEE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 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 lal Basis of preparatlon The financial 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 Stsndard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191 Icharities SORP IFRS 10211, the Financial Reporting standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2(Y)6. Assets and liabilities are initially recogni5ed at historical cost or transaction value unless otherwise stated in the relevant accounting policy notelsl. Ibl Going Concern OD 31 December 2025, the group had total funds of £860,837 12024 - £862,152). Restricted funds amounted to £nil12024- £nill. The reserves policy target is that free reserves plus designated contingency funds should be £150,CX)O which currently equates to 3 months unrestricted expenditure. The free reserves of the group at 31 December 2025 were £62,067. 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 £150,067. Budgets and cash flow forecasts have been prepared to 31 December 2026 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 going concern. The accounts have therefore been prepared on a going concern basis. 19
CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS COMPANY LIMITED BY GUARANTEE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Icontinuedl ACCOUNTING POLICIES Icontinuedl Icl Judgements and key sources of estimation uncertainty The preparation of the financial statements requires 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, including expectation5 of future events that are believed to be reasonable under the circumstances. Idl Group financial statements The financial statements consolidate the results of the charity and its wholly owned subsidiary cuon Community Cinema 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 2(K16. (el 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 condition5 attached to the items of income have been met or are fully within the control of the charity or its subsidiary. There is sufficient certainty that receipt of the income is considered probable. The amount can be measured reliably. Donations, grants and sponsorship Income from donations, 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 incoming resources until the pre-conditions for use have been met. When donor5 specify that donations and grants, including capital grants, are for particular restricted purposes, which do not amount to pre-conditions regarding 20
CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS COMPANY LIMITED BY GUARANTEE NOTES TO THE CONSOLIDATED FINANCIAL STATEMErfrs FOR THE YEAR ENDED 31 DECEMBER 2025 {continuedl ACCOUNTING POLICIES (continued} entitlement, thi5 income is included in incomin8 resources 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 volunteers15 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 L7ssociated bar and 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. Rentol income Rental income is recognised on a receivable ba515. Any rental holiday period has been spread equally over the life of the lease. In 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 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 basis for time spent on activities. 21
CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS COMPANY LIMITED BY GUARANTEE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Icontinuedl ACCOUNTING POLICIES Icontinuedl Igl Allocation of sUPPOrt costs Support Costs are those function5 that a55iSt the work of the charity but do not dirertly undertake charitable activities. Support costs include back-office costs. finance, personnel, payroll and governance costs which support the Charity's programmes and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 12. Ihl 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 li) Tangible fixed a55et5 The cost of tangible fixed assets is capitalised and depreciated over their expected useful Ilves on the following basls.. Fixtures, fittings and equipment Freehold properties, excluding land Freehold properties improvements 25% reducing balance 2% straight line IO% straight line The charity took advantage of the transitional arrangements under section 35.IOlcl of FRS102 The Financial Reportlng 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. -) Funds accounting 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 within the objects of the charity. Restrictions 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. 22 DDNrnvntthP. TyE.ztscaVXYomRCR
CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS COMPANY LIMITED BY GUARANTEE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Icontinuedl ACCOUNTING POLICIES Icontinuedl Ikl Flxed assets Investments Investment in subsidiary is stated at cost. 111 Sto¢k Stock is valued at the lower of cost 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. Inl 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 CdItOrS and Provisions 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 funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provi5ion5 are normally recognised at their settlement amount after allowing for any trade discounts due. {p} Finance leases and hire purchase contracts A55ets held under finance leases and hire purchase contracts are recognised in the ststement 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 costs of the lease are aijded 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 liability. 23
CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS COMPANY LIMITED BYGUARANTEE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Icontinuedl ACCOUNTING POLICIES Icontinuedl Iql Financial in5trurnents The trust only has financial assets and f inancial liabilities of a kind that qualify as basic financial instruments. Basic financial instrument are initially recogni5ed at transaction value and subsequently measured at their settlement value with the exception of bank loan5 which are measured at the carrying value plus accrued interest less repayments. The financing charge to expenditure is at a constant rate calculated usin8 the effective interest method. Ir) Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service 15 provided. Prepaid contributions are recognised a5 an a55et to the extent that the prepayment will lead to a reduction in future payments or a cash fund. When contributions are not experted to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability 15 measured on a discounted present value basis. The unwinding of the discount is recognised as a flnance cost in profit or loss in the period in which it arises. 24
CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS COMPANY LIMITED BY GUARANTEE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Icontinuedl COMPARATIVE CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Funds Restricted Total funds Funds 2024 Note INCOME AND EXPENDITURE Income Irom: Grants, donations and legacies Charitable activities Other trading activities Investments 20,058 426,544 258,413 64,197 28,984 49,042 426.544 258,413 64,197 TOTAL INCOME 769,212 28,984 798,196 Expenditure on= Raising funds Charitable activities 111,040 682,064 111,040 683,844 1,780 TOTAL EXPENDITURE 793,104 1,780 794,884 Net income/ lexpenditurel 123,8921 27,204 3.312 25
CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS COMPANY LIMITED BY GUARANTEE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Icontinuedl FINANCIAL PERFORMANCE OF THE CHARITY The consolidated statement of financial activities includes the results of the charity's wholly owned subsidiary which operates the running of the Curzon Cinema. The summary financial performance of the charity alone 15: Total 2025 Total 2024 Income from: Grants, donations and legacies Other trading activities Investments 58,100 5,950 56,541 49,042 5,014 64,021 TOTAL INCOME 120,591 118,077 Expendlture on: Charitable activities 129,365 134.537 TOTAL EXPENDITURE 129,365 134,537 Net Income/(expendlture) 18,7741 116,4601 Total funds brought forward 843,057 859,517 Total funds carrled forward 834,283 843,057 Represented bv- Restricted funds Unrestricted f unds 1,184 841,873 834,283 TOTAL FUNDS 834,283 843,057 26
CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS COMPANY LIMITED BY GUARANTEE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Icontinuedl GR4NTS, DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds Total 2025 Total 2024 Donations from the public Lottery Restoration project National Lottery North Somerset Council Garfield Weston Foundation Other grants and donatlons 24,543 97 960 24,543 97 960 7,500 17,936 102 1,020 7.5(K) 28,984 25,(0 25.C(K) 1,000 50,600 7,500 58,1(K) 49,042 7. CHARITABLE ACTIVITIES Unrestricted Restricted Funds Funds Total Total 2024 Curzon Community Cinema Box Office Events 431,530 75 431,530 75 426,544 431.605 431,605 426,544 27
CURZON CLEVEDON COMMUNifi CENTRE FOR THE ARTS COMPANY LIMITED BY GUARANTEE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Icontinuedl 8. OTHER TRADING ACTIVITIES Unrestricted Restricted Funds Funds Total 2025 Total 2024 Curzon Community Cinema Confectionary sales Lounge bar Advertising income Restoration levy - Other 130,421 59,300 20,577 32,562 33,890 130,421 59,300 20,577 32,562 33,890 136,337 61,459 11.607 49,010 276,750 276,750 258.413 9. INVESTMENT INCOME Unrestricted Restricted Funds Funds Totsl 2025 Total 2024 Rental income Insurance recharged UK bank interest 50.173 1,373 5,138 50,173 1.373 5.138 51,207 12,636 354 56,684 56,684 64,197 28
CURZON CLEVEDON COMMUNifi CENTRE FOR THE ARTS COMPANY LIMITED BY GUARANTEE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Icontinuedl 10. TOTAL EXPENDITURE Direct Other Staff Costs Direct Costs Total Total Ex enditure- 2025 Expenditure on raising funds: Costs of applying for grants and donations Curzon Community Cinema Ltd - Trading income from bar, food and advertising 502 502 12,760 93,549 106,309 12,760 94,051 106,811 Expenditure on charitable activitles: Curzon Cinema Restoration project Balcony project 272,923 414,179 687,102 16,547 16,547 13,994 13,994 272,923 444,720 717.643 285,683 538,771 824.454 29
CURZON CLEVEDON COMMUNifi CENTRE FOR THE ARTS COMPANY LIMITED BY GUARANTEE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31 DECEMBER 2025 (continued} 10. TOTAL EXPENDITURE- continued Direct Other Staff Costs Direct Costs Total Total Ex enditure - 2024 Expendlture on ralsing funds: Costs of applying for grants and donation5 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 activities: 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 Other direct costs include: 2025 2024 Amortisation Depreciation Loan interest charged at amortised cost 708 944 59,052 66,250 751 1,347 30
CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS COMPANY LIMITED BYGUARANTEE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Icontinuedl 11. SUMMARY ANALYSIS OF EXPENDITURE AND RELATED INCOME FOR CHARITABLE ACTIVITIES Curzon Restoration Clnema Project Balcony Fund Total Current ear- 2025 Costs Box Office 1687,1031 116,5471 113,9941 {717.6431 431,530 431,530 Net cost funded from other income and funds 1255,5731 116,5471 113,994) {286.1131 brought forward Curzon Restoration Cinema Project Roof Fund Total Prior ear- 2024 Costs Box Office 1650,2461 119,6041 426,544 {13,9941 1683,8441 426,544 Net cost funded from other income and funds brought forward 1223,7021 119,6041 113,9941 1257,3001 12. SUPPORT AND GOVERNANCE COSTS Charity support & governance costs have all been allocated to the Curzon Cinema, and Fundraising, on the activities basis of direct staff costs. Support and governance costs consisted of these activities: 2025 2024 Salary costs Office costs Governance costs- Independent examination 23,115 3.688 7,170 22,297 4,906 7.068 33,973 34,271 31
CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS COMPANY LIMITED BY GUARANTEE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Icontinued} 13. STAFF COSTS ANDTRUSTEES, REMUNERATION 2025 2024 Wages and salarie5 Social security costs Employer pension contributions 263,814 250,614 16.642 13,240 5.227 4,074 285,683 267,928 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 Chief Executive Officer, Finance Manager. the Front of House Managerand the Head of Programme ofcurzon Clevedon Community Centre forthe Arts. The total employee benefits ofthe key management personnel of Curzon Clevedon Community Centre forthe Arts were £136,74712024: £133,949). The average number of employees analysed by function was.. 2025 No. 2024 No. Management and administration Cinema li io 15 15 32
CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS COMPANY LIMITED BY GUARANTEE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Icontinuedl 14. INTANGIBLE ASSETS- GROUP Webslte Total COST At l January 2025 Additions acquired separately 13,958 13,958 At 31 December 2025 13,958 13,958 AMORTISATION At l January 2025 Charge for the year 11,127 708 11,127 708 At 31 December 2025 11.835 11,834 NET BOOK VALUE At 31 December 2025 2,123 2,123 At 31 December 2024 2,831 2,831 33
CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS COMPANY LIMITED BY GUARANTEE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Icontinuedl 15. TANGIBLE ASSFfs- CHARITY Fixtures fittings ui Freehold ro Total COST AND DEEMED COST At l January 2025 Additions 1.155.981 18,719 294,119 1,450,100 18,719 At 31 December 2025 1.174.7LKI 294.119 1,468,819 DEPRECIATION At l January 2025 Charge for the year 509,811 35,154 227,015 16,776 736,826 51,930 At 31 December 2025 544,965 243.791 788,756 NET BOOK VALUE At 31 December 2025 629,735 50,328 680,063 At 31 December 2024 646,170 67,104 713,274 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 i January 2016, and use that fair value as its deemed cost going forward. 34
CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS COMPANY LIMITED BY GUARANTEE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 DECEMBER 2025 Icontinuedl 16. TANGIBLE ASSETS- GROUP Fixtures fittings Freehold ro ert Total COST AND DEEMED COST At l January 2025 Additions 1,155,981 18.719 371,484 11,480 1.527,465 30,199 At 31 December 2025 1,174,700 382,964 1,557,664 DEPRECIATION At l January 2025 Charge for the year 509,811 35,154 287,369 23,899 797.180 59,053 At 31 December 2025 544,965 311,268 856,233 BOOK VALUE At 31 December 2025 629.735 71,696 701,431 At 31 December 2024 646,170 84,115 730,285 The charity took advantage of the transitional arrangements under section 35.IOlcl of FR5102 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. 35 xurnentReP. W8TrE4¢xS-vy0m.FR¢
CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS COMPANY LIMITED BY GUARANTEE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Icontinuedl 17. INVESTMENTS- GROUP AND CHARITY Group 2025 Charity 2025 2024 2024 Investment in subsidiary- shares at cost Subsidia com Curzon Clevedon Communlty 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 activity is to operate the Curzon Clnema 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 2025 Charity 2025 2024 2024 Trade debtors Prepayment5 and accrued income Other debtors 14,090 31,775 87 5,387 37,330 1,116 2,546 21,640 4,345 36,503 45.952 43.833 24,186 40,848 36
CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS COMPANY LIMITED BY GUARANTEE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Icontinuedl 19. CREDITORS: Amounts falllng due within one year Group 2025 Charity 2025 2024 2024 Trade creditors Accruals and deferred income VAT liability Social security and other taxes Coronavirus Bounce Back Loan Other creditors Due from subsidiary undertaklng 20,421 77,090 23,211 8,036 5,955 32,740 53,637 30,764 6,798 5,955 541 2,607 18,330 1,791 412 17,950 1,726 5,955 5,955 384 1,655 2.431 134,713 130.435 31.114 28,082 20. CREDITORS: Amounts falling due after more than one year Group 2025 Charity 2025 2024 2024 Coronavirus Bounce Back Loan falling due in less than 5 years Coronavirus Bounce Back Loan falling due after 5 years 20,842 23,820 20,842 23,820 2.977 2,977 20,842 26,797 20,842 26,797 The bank loan5 are financial instruments measured at amortised cost. 37
CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS COMPANY LIMITED BY GUARANTEE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2025 Icontinuedl 21. PROVSIONS FOR LIABILITIES Group 2025 Charity 2025 2024 2024 Deferred tax- taxation allowances 4.385 3,665 22. RELATED PARTYTRANSACTIONS There were no related party transactlons 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 its charitable objects. 24. UNRESTRICTED FUNDS Unrealised General Designated- Balcony Building revaluation realised contingency deprfn renovation reserves fund fund fund reserves Total Balance at l January 2025 Income Expenditure Transfers 467,860 194,345 815,639 1802,9601 111,6001 88,000 111,947 862.152 815,639 1816,9541 113,9941 11,600 Balance at 31 December 2025 467,860 195,424 88,000 97.953 11,600 860,837 38
CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS COMPANY LIMITED BYGUARANTEE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Icontinuedl 24. UNRESTRicfED FUNDS Icontinuedl Contin enc fund To cover any shortfall in a cut in cinema and rental income over the next 18 months. Balcon de reciation fund To fund the depreciation charge over 10 years on the balcony improvements. Buildin renovation fund To cover the capital costs which will be incurred in the renovation of the building. 25. RESTRICTED FUNDS NL Community Fund Total Balance at l January 2025 Income Expenditure Transfers 7,500 7,500 I7.5)) 17,5001 Balance at 31 December 2025 National Lotte Communit Fund Funding received as a contribution towards salary costs for the year. 39
CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS COMPANY LIMITED BY GUARANTEE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Icontinuedl 26. ANALYSIS OF NET ASSEfs- GROUP Net Long-term current liabilities + assets provisions Total net assets Intangible Tangible assets assets Investments At 31 December 2025.. Unrestricted Revaluation General Designated 467,860 2.123 135,618 97,953 467,860 125,2271 195,424 197.553 82,910 99,6CN) Total funds 2,123 701,431 182,510 125,2271 860,837 27. ANALYSIS OF NET ASSETS - CHARITY Net Long-term current liabilities + assets provisions Total net assets Intangible Tangible assets assets Investments At 31 December 2025.. Unrestricted Revaluation General Designated 467,860 114,250 97,953 467,860 {20,8421 168,870 197,553 75,458 99,61JO Total funds 680,063 175,058 {20,8421 834,283 40
CURZON CLEVEDON COMMUNITY CENTRE F COMPANY LIMITED BY GUARANTEE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 (continued R THE ARTS 28. TOTAL CASH & CASH EQUIVALENTS Total cash & cash equivalents as at 31 December 2025 are represented as follows: Group 2025 Group 2024 Charity 2025 Charity 2024 Cash at bank Cash in hand 263,493 239,167 121,986 143.810 1,003 830 264,496 239.997 121,986 143,810 41
CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS COMPANY LIMITED BY GUARANTEE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2025 Icontinuedl 29. SUBSIDIARY COMPANY Curzon Clevedon Community Centre for the Arts owns the whole of the issued share capital of Curzon Community Cinema Limited Icompany 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 line-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.. Turnover.. 2025 Box office Confectionery and bar sales Advertising Lounge bar Events Restoration levy Other 431,530 130,421 20,577 59,300 75 32,562 28,083 426,544 136,337 11,607 61,459 44,171 702.548 680,118 Direct costs.. 2025 2024 Film hi Confectionary and bar purchases Direct wages Other direct costs Cinema building expenses Administrative expenses Advertising 221,297 63,373 255,203 21,032 32,725 70,363 31,096 199,157 68,506 237,448 27,315 32,443 79.382 16.096 695,089 660,347 Net110ssl/profit 7,459 19,772 42
CURZON CLEVEDON COMMUNITY CENTRE FOR THE ARTS COMPANY LIMITED BY GUARANTEE NOTES TO THE CONSOLIDATED FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Icontinuedl 29. SUBSIDIARY COMPANY (continued) 2025 2024 The aggregate of the assets. liabilities and funds was.. Assets Liabilitieslprovisions 136,973 126,771 1110,415} 1107,6721 Funds 26,558 19,099 30. NET DEBT RECONCILIATION Anal sis of chan es in net debt for the Grou 2025 At start of year Cashflow5 other non-cash change5 At year end Cash at bank and in hand 239,997 24,499 264,496 Other bank loans Ifalling due Within l year) 15,9551 5,955 15.9551 15,9551 Other bank loans Ifalling due in Less than 5 years) 123,8201 2,978 120,8421 Other bank loans Ifalling due after 5 years) 12,9771 2,977 207,245 30,454 237,699 43
CURZON CLEVEDON COMMUNifi CENTRE FOR THE A COMPANY LIMITED BY GUARANTEE NOTES TO THE CONSOLIDATED FINANCIAL sfATEMENTS FOR THE YEAR ENDED 310ECEMBER 2025 Icontinuedl 30. NET DEBT RECONCILIATION {continuedl Anal si f chan e5 in net debt for the Charit 2025 At start of year Cashflows Other non-cash changes At vear end Cash at bank and in hand 143,810 38,176 181,986 Other bank loans (falling due Within l yearl 15,9551 5,955 15,9551 {5.9551 Other bank loans (falling due in Less than 5 year51 123.8201 2,978 120.8421 Other bank loans Ifalling due after 5 years) {2,9771 2,977 111,058 44,131 155,189