Plaza Communlty Cinema Charlty No. 1062570 Company No. 03362182 Trustees, Report and Unaudlted Accounts 31 Marth 2024
Plaza Communlty Clnema Contents Pages 2to6 Tru5tees' Annual Report Independent Examlner's Report Statement of Financial Activities Balance Sheet ststement of Cash flows io Notes to the Accounts Ilto19 Pa8e I
Plaza Community anema Trustee5 Annual Report The trustees. who are also directors of the charity for the purposes of the Companies Act 2006, herein present their report with the unaudited financial statements of the charity for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in Note I to the accounts and comply with the charitv's Eoverning document. the Charities Act 2011, the Companies Act 2006 and Accountin8 and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard 102 applicable in the UK and Republic of Ireland. REFERENCE AND ADMINISTRATIVE DETAILS Company No. 03362182 Charlty No. 1062570 Prlndpal Office 13 Crosby Road North Waterloo Liverpool Merseyside L22 OLD Registered Office 13 Crosby Road North Waterloo Llverpool Merseyside L22 OLD Dlrectors and Trustees The Dlrertors of the charFtable company are its Trustees for the purposes of charity law. The following Directors and Trustees served durlng the year.. J. Dunn V.M. Elson C.J, Forshaw K. Owen C. Tully l.H. Tumbull Key Management Personnel Chair Company Secretary Accountants Janet Dunn Valerie Elson Sefton Council for Voluntary Service Burllngton House Page 2
Plaza Community Cinema Trustees Annual Report Crosby Road North Waterloo Liverpool L22 OLG Bankers The Co-operatlve Bank PLC Customer Services PO Box 250 Skelmer5dale WN8 6WT Solicitors Lees Partners 52a Grange Road West Kirkby Wirral CH48 4EF OBJEcfivES AND ACrnIITIES The objects of the charity are to: 11 advance the education of the public in the knowledge, understanding and appreciation of the arts, in particular the art of film. 21 utilise the unique potential of film as an educational medium, and 31 benefiting the residents of "South Sefton" and surrounding areas by the provision of recreational and leisure time facilities in the interests of social welfare and wtth the object of Improvlng thelr conditions of life. In settlng our oblertlves and planning our activltles the trustees have given careful consideration to the Charity Commission'5 8uidance on public benefit. ACHIEVEMEMfs AND PERFORMANCE Another disappointing year for the Plaza, with attendance5 only reaching 86,OCKI admissions. The Plaza is still suffering the effects of COVID when different platforms of film viewing became very popular. Dlstributors such as Disney, once the bread and butter of cinema attendances has now mainly gone to Disney + with only a few films released for theatrlcal and only for a very short period of time before they are shown on their streamin8 platform. The issue of good films has also been hindered from the after effect of the writerfs strike, with very little new produrt coming to theatres. The Plaza has had to look at new revenue streams and have partnered wlth a number of Independent organlsations wlshing to showcase their work on the big screen. The National Theatre Live has also produced a number of successful screenings of thelr theatre work. This has proved extremely popular with sell out screenings. We are plannlng to do more screenin8S With them in the next financial year. The Plaza Is also looking at bringing new experiences with the screenings of Opera and Ballet hopefully in the next financial year. Extra income streams with regards to schools and community groups have been very popular with record screenings in December. Although audiences have been disappointing we still continue to sell out for the Christmas specials 'EIV and 'lt's a Wonderful Llfe, wlth Elf selllng out wlthln 30 mlnutes of the tlckets golng live. The Plaza 80's have a150 proved to be a tremendous success, with audiences of up to 500 coming in for some of the screenings. The Trustees would Ilke to thank Nick Garland for bringing such a wonderful event to the Plaza. Page 3
Plaza Community Cinema Trustees Annual Report We have also seen a great response to patrons wanting to join the Plaza 100 club which has now surpassed 100 and has been renamed the Plaza 100 Club +. The Plaza Support shop has done tremendously well, with some record months of donations and taklngs, we still require more volunteers so we are constantly on a volunteer recruitment drive. The staff at the shop does a fantastic job and the Trustees would like to recognize the fantastic increase in revenue. The Wurlitzer Organ is still proving to be a real issue, with constant new problems arising. mainly due to bad storage that the organ was kept in prior to coming to the Plaza. the Trustees are hoping that the latter half of 2024 with see a significant move forward with the works and they are working closely with Peter Barnes Organ restorer to get a finally date for completion. The Trustees are constantly looking at ways to improve the cinema experience and have plans to refurbish all the seating over the coming year. There are also plans for new ceilings betr4een the foyer areas of screens 1 & 2 and the foyer area of Screen 3. with new art deco features being part of the new ceilings. The Arts and Education department continues to produce some wonderful and outstanding projects Wtthin the local community and is well supported by funders with young and old wishing to tske part. The Trustees would like to thank all the staff for their tremendous support for the Plaza throughout the year and also a big thank you for all those wonderful volunteers who have also supported us this year, without their help the Plaza could not survive. We are pleased to report that the volunteer base contlnues to grow. Arts & Educatlon Statement Introdu¢tlon The Plaza's arts & education programme is managed by Christine Physick with support from Pla2a staff, volunteers and commissioned freelancers. The Plaza would also like to thank staff at Crosby Library for hosting the dellvery of our film and creative medla projects. Thanks are also due to Southport Rotary Club. Sefton Branch UNISON and Sefton CVS fortheir continued support and commitmentto the Plaza's arts and education programme. Additionally, we would Ilke to thank Children in Need for assistance with funding our youth led film and creative media projects. Thank you a150 to Sefton CVS with Heritage Lottery Fund for supporting our film and memory projects with people living with dementia. This financial support ensures we can deliverthe whole project at no cost to participants without compromising on quality. Over this financial year the arts & education programme has been accessed by 7,372 people of all ages. Soclal Programme The Plaza continue5 to offer regular Autism Friendly Film Screenings. These are supported by experienced staff and offers parents and siblings a relaxing leisure outlet that most of us take for granted. The Plaza'5 Dementia Friendly Film Screenin85 continue to attratt supportfrom familie5 and Care Home5 from north and south of the Borough. Offered at reduced rates, including complimentary refreshments they provide an enjoyable social outlet as well as promptln8 memories of cinema Boing and conversation5 about shared experience5. Attendances at these events contlnue to grow as more 8roups access the social programme Partnership Work The Plaza's arts & education programme works with other charities and community interest companies in the area. Page 4
Plaza Community Clnema Trustees Annual Report We contlnue to work with Age Concern/Re-engaEe to provide a free matinee film screening for older and vulnerable members of the community. AttÈndances average around 200 per Screening. Another regular staple in our calendar is the Live Variety Show in partnershlp with Julie Lawson Cic. This is a popular event accessed by different generations, who enjoy a chance to keep fit by getting up to dance. Attendan5 average around 250 per show. New partnerships include film and education themed links with Sefton Libraries. Events include LGBT+ themed screenings 35 well as a series of film screenings by Liverpool Arab Arts Festival. These projects have brought new audiences to the Plaza, and strengthened our links with the community. We continue to work with Sefton Council to support Care Experienced young people through bespoke film screenings. Projects During this financial year the Plaza 5UPPOrted by a range of creative freelancers delivered two major film and creative media projects for youth aged 13-18 years. Between Machines a film and creative media project exploring the Impact of Al in the home, education and the workplace. 25 young people took part in this project funded by Children in Need. Once Removed a film and creative medSa project exploring the role of Artificial Intelligence In a game desi8ned to imitate life. 30 young people participated in this project funded by BBC Children in Need. Plaza arts and education also dellvered A Slice of Llfe an Innovative film and memory project for people living with Dementia, 20 older people 5UPPOrted by family and carer's particlpated in this to produce a filmed oral hlstory of Uverpool life from 1950 to 1990. This project was funded by Sefton CVS Community Within Communities HerStage Fund. The above project5 were showcased at free public film screenings at the Plaza. New Developments To support the most vulnerable in our communlty we offered a warm space initlative over the winter months. People of all ages were able to enjoy compllmentary food and drink whilst enjoyln8 a matinee screenin& all at no cost. thanks to support from Sefton Council and Sefton CVS. Christlne Physick FINANCIAL REVIEW The operational surplus on the general fund during the year was £83,563 {2023.' surplus of £68,624). As at 315t March 2024 £310,54812023 £266.559} was held in free unrestricted funds,£968,068 (2023 £928,494) in the fixed asset fund. £446,745 in the bLrildin£ restoration fund and £36,000 in the Mighty Wurlitzer restoration fund, with no restricied fursd balance5. Our primary source of income is through ticket sales and associated extra's such as ki05k sales for food and drink consumed on Site. In order to assist the trustees to identify the free cash reserves there is a designated Fixed Asset Fund which should hold the value of tangible fixed assets as at each year-end. Reserve5 Policy The trustees have considered the need to maintain an appropriate level of reserve5 for the charity, Consideration ha5 been given to the nature of income and expenditure streams, the need to match income with fixed commitments and the nature of reserves. The trustees have concluded that the followin8 reserves should be maintained. Page S
Plaza Communlty Cinema Trustees Annual Report The trustees wish to have 3 months running costs, based on the last 3 years general fund expenditure in case of a immediate problem. As at 315t March 2024 the free reserves held by the charltable company were £310,54812023: £266,559), which is equivalent to 5 months, running costs. PLANS FOR FirfuRE PERIODS PLAZA STRATEGIC DEVELOPMENT Plans forthe next financial year include a continuation of the Warm Space Community Screening programme over the autumn and winter months. The maintenance and expansion of activitie5 and events for older people in our communrty as well as plans to increase the frequency of our film and creative media projects for youth. Additionally, we seek to strengthen ties within our community by expanding our offer through existing partnerships whilst seeking to develop new opportunities. Christine Physick 5TRucfuRE, fjQVERNANCE AND MANAGEMENr Governing Document Plaza Communlty Cinema is a company limlted byguarantee governed by its Memorandum and Artlcles of Association dated 28th September 2015. It is registered with the Charity Commission. Aryone over the age of 18 can become a member ofthe Company and there are currently 8 members {8 in20221, each of whom agrees to contribute £10 in the event of the charity winding up. None of our trustees recelve remuneration or other benefSt from thelr work with the Charity. Any connection between a trustee or senior manager of the charity and any client or supplier is disclosed to the full board of trustees in the same way as any other Contractual relationship with a related party- In the current year no such reported party transactions were reported. Risk Management The trustees have a risk management Strategy which comprises- an annual rÈview of the principal risks and uncertainties that the charity faces: The Trustees are responsible for keeping proper accounting records that 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 2006. The Trustees are also responsible for 53feguarding the assets of the charity and hence takin8 reasonable Steps for the prevention and detection of fraud and other irregularities. The above report ha5 been prepared in accordance with the provlslons applicable to companie5 subject to the small companies regime as set out in Part 15 of the Companies Act 2(K)6 and In accordance with the Charlties SORP IFRS 1021. Si ned on behalf of the board unn V.M. Elson Trustee 11 November 2024 Trustee 11 November 2024 Page 6
Plaza Community Cinema Independent Examiners Report Independent Examiner's Report to the trustees of Plaza Community Cinema I report to the charity trustees on my examination of the financial statements of Plaza Communlty Cinema for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Summary Income and Expersdlture Account, the Balance Sheet, the Statement of Cash Flows and the related notes. Responslbllltles and basls of report As the trustees of the charity (and also its directors for the purposes of company law} you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 I'the 2006 Act. Having satisfied myself that the financial statements of the charity 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 examinatlon of your charity's financial statements as carried out under 5ertion 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 145(5}Ibl of the 2011 Act. Independent examlneVs slatement As the charitV5 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 examinatSon because l am a member of The Institute of Chartered Accountants in England and Wales. I have completed my examination. I can confirm that no material matter5 have come to my attention in connection with the examination giving me cause to believe that: accounting records were not kept in accordance with section 386 of the 2006 Att ,' or the financial statements do not accord with those records,. or the financial statements do not comply with the accounting requirements under Section 396 of the 2006 Art other than any requirement that the financial statements give a 'true and fair, view which is not a matter considered as part of an independent examination- or the financial statements have not been prepared in accordance with the Charities SORP IFRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in thls report in order to enable a proper understandlng of the financial statements to be reached. lan Wrlght Chartered Accountant Sefton Council for Voluntary Service Burlington House Crosby Road North Waterloo Liverpool L22 OLG 11 November 2024 Page 7
Plaza Community Cinoma Statement of Flnanclal Artlvftles for the year ended 31 March 2024 Unrestrlcted funds Total funds Total funds 2024 2024 2023 Notes Income and endowments froffl: Donations and legacies Charitable actlvltles other trading activities Investments 31.497 726,123 100,470 8,241 31,497 726,123 l(K1,470 8.241 23,272 626,995 89,215 3.303 Total 866,331 866,331 742,785 Expendlture on: Raising funds Charitable artivities 8,462 774,306 8,462 774,306 11,733 662,428 Total 782,768 782,768 674.161 Net gains on investments Net income io 83.563 83.563 68,624 Transfers between funds Net income belore other 8ains/llosses) 83,563 83.563 68,624 Other galns and losses Net movement in funds 83,563 83.563 68,624 Reconclllatlon of funds: Total funds brought forward 1,677,798 1,677,798 1,609,174 Total funds carried lorward 1,761,361 1.761.361 1,677,798 The Statement of Financial Activities also complies with the requirements for an income and expendlture account underthe Companies Act 2006. The notes on pages 11 to 19 form part of these financial statements. Page 8
Plaza Communlty Clnema Balance Sheet at 31 Marth 2024 Company No. 03362182 Notes 2024 2023 Fixed assets Tanglble assets 12 968.068 968,068 928,494 928,494 Current assets Stocks Debtors Cash at bank and in hand 13 4,800 4,413 767,895 777,108 127,804) 749.304 14 16.553 832,881 854,234 160,9411 793,293 1.761,361 Credhors: Amountfalling due within one year Net current assets 15 Total assets less Current liabilities 1,677,798 1,677,798 Net a55ets excluding pension asset or liability 1,761,361 Total net assets 1,761,361 1,677,798 The funds of the charity Restrlrted funds Unrestrlcted funds General funds Designated funds 16 16 310,548 1,450,813 266.559 1,411,239 1,761,361 1,677,798 Reserves 16 Total funds 1,761,361 1,677.798 These accounts have been prepared in accordance with the special provisions of Part 15 ofthe Companles Act 2006 relating to small companies. For the year ended 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companie5. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The dirertors acknowled8e their re5pon5ibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. Approved by the board on 11 November 2024 And signed on its behalf by: J. Dunn Trustee 11 November 2024 Page 9
Plaza Communlty Clnema Statement of Cash flows for the year ended 31 March 2024 2024 2023 Cash flows from operatin8 aclivities Net Income per Statement of Flnandal ArtivSties 83,563 68.624 Adjustments for: Depreciation of property. plant and equipment Dividends, interest and rents from investments Increase in trade and other receivables Increase in trade and other payables 58,924 (8.2411 {12,140) 33,345 58,835 {3.3031 1391 9,055 Net cash provided by operatin8 artivitles 155,451 133,172 Cash flows from Investlng actlvltles Payments for property, plant and equipment Dividends. interest and rents from investments 198,498} 8.241 {125,1911 3.303 Net cash used in imiesting activities 190,2571 1121.8881 Cash Ilows from finanein8 artivities Repayment of borrowings 13001 164,9411 Net cash used in finanang artivities 13001 {64,941} Net increase/(decreasel in cash and cash equivalents 64.894 (53,6571 Cash and cash equlvalents at the beglnnlng of the year 767.895 821,552 Cash and cash equivalents at the end of the year 832.789 767.895 Components of cash and cash equivalents Cash and bank balances 832,881 767,895 832,881 767,895 Pa8e 10
Plaza Communfty Clnema Notes to the Accounts for the year ended 31 March 2024 l Accountlng pollcles Basls of preparatlon The financial statements have been prepared in accordance with the charity'5 governing document, the Companies Art 2006, FRS 102 "The Flnancial Reporting Standard applicable in the UK and Republlc of Ireland" I'FRS 102,1 and the Charities SORP Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Flnanclal Reportlng Standard appllcable in the UK and Republic of Ireland IFRS 1021" (effective l January 2019). The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initlally recognised at historical cost or transaction value unless otherwise ststed in the relevant accounting policy note. The functlonal currency used Is the £ Sterling. Assets and liabilities are initially recognized at historical cost or transaction value unless otherwise stated in the relevant accounting policy note, The functional currency used15 the £ Sterllng. Preparation of the accounts on a going con¢ern basls At the time of approving the accounts, the trustees, have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the forseeable future. As such these accounts have been prepared under the going concern basis. Change In basls of accountlng or to previous accounts There has been no change to the accounting policies (valuation rules and method of accounting} Since last year and no changes have been made to accounts for previou5 years. Fund accounting Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. These are unrestrlcted funds earmarked by the trustees for particular purposes. These are unrestricted funds which include a revaluation reseNe representing the restatement of investment assets at their market values. These are available for use subject to restrlctions imposed by the donor or through terms of an appeal. Deslgnated funds Revaluation funds Restrirted funds Page 11
Plaza Community Cinema Notes to the A¢¢ounts Income Recognitlon of income Income Is Included in the Statement of Financial Artivltle51SoFAI when the charlty becomes entitled to, and virtually certaln to receive, the income and the amount of the Income can be measured with sufficient reliability. Income with related Where Income has related expenditure the income and related expenditure is expendlture reported gross in the SOFA. DonatSons and le8acies Voluntary income receNed by way of grants, donation5 and gifts is included in the the SOFA when receivable and only when the Charity has uncondltlonal entltlement to the income. Tax reclaims on Income from tax reclaims is included in the SOFA at the same time as the donations and gifts giftldonatlon to whlch It relates. Donated services These are only included in income {with an equivalent amount in expendlture} and facilities where the benefit to the Charity Is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help recelved is not Included in the accounts. Investment income This is included in the account5 when receivable. Gains/llossesl on This includes any gain or loss resulting from revaluing Investments to market value revaluation of fixed at the end of the year. assets Galns/llossesl on investment aet5 This includes any gain or loss on the sale of investments. Expenditure Recognition of expenditure Expendtture Is recognlsed on an accruals basls. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to whlch It relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expendlture on These comprise the costs incurred by the Charlty in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those costs associated with meetlng the constitutional and statutory requirements of the Charty, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other admlnlstratlon costs. These are sUPPOrt costs not allocated to a particular activity. Grants payable Governance costs Other expenditure Taxation The charty is exempt from corporation tax on its charitable activitie5. Page 12
Plaza Communlty Clnema Notes to the Accounts Tangible red assets and depretiatlon Depreciation is provided at the following annual rates in order to write off each asset over Its estimated useful life.. Freehold propertv Fixtures & Fittings Equipment 4% Straight Line 5-25% Straight Line 5-20% Straight Line Stocks Stock is included at the lower of cost or net realisable value. Donated item5 of stock are recogni5ed at fair value which is the amount the charity would have been willingto pay forthe items on the open market. Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash and cash equivalents Cash and cash equivalents comprise cash at bank and on hand, demand deposits wlth banks and other short-term highly liquid Investments with original maturities of three months or le55 and bank overdrafts. In the statement of financial positlon, bank overdrafts are shown within borrowings or current Ilabllltles. In the Statement of Cash Flow5, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. Trade and other credltors Short term creditors are measured at the transartlon price. Other credltors and provi5i0ns are recognised where 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 provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Pension costs The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contribution5 into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contribution5 are recognlsed as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The a55et5 of the plan are held Separately from the company in independently administered funds. 2 Company status The company Ss a prlvate company limlted by guarantee and consequently does not have share capital. Pa8e 13
Plaza Communlty Clnema Notes tc the Accounts 3 Statement of Financial Artivities . prior year Unrestrirted funds Total funds 2023 2023 Income and endowments from: Donations and legacles Charitable artivitie5 Other trading activitles Investments 23,272 626,995 89.215 3,303 23,272 626,995 89,215 3,303 Total 742,785 742,785 Expenditure on: Raising funds Charitsble activities 11,733 322,569 339,859 11,733 322,569 339,859 Other Total 674,161 674,161 Net Income 68,624 68,624 Net Income before other ins/{lossesl Other galns and losses: 68,624 68,624 Net movement In funds 68,624 68,624 Reconciliation of funds: Total funds brought forward Total funds carrled forward 1.609,174 1,609,174 1,677,798 1.677,798 4 Income from donatlons and legacies Unrestrirted Total Total 2024 2023 Grants and Donations Other Fundraising Events 23,239 8,258 31.497 23,239 8,258 31,497 15,982 7,290 23,272 5 Income from charitable artivities Unrestricted Total Total 2024 2023 Commercial Clnema 466,011 239,122 20,990 466,011 239,122 20,990 412,352 206.764 Kiosk Income Arts & Education 7,879 626,995 726,123 726,123 Page 14
Plaza Community Cinema Notes to the Accounts 6 Income from other tradlng artivities Unrestrfrted Total Total 2024 2023 Advertising Incorne Shop Income 100 Club 29.201 63,142 8,127 29,201 63,142 8.127 27,689 50,225 5,891 5,410 89,215 Thursday Bingo 100,470 100,470 7 Income from Investments Unrestrlcted Total 2024 Total 2023 Interest Receivable 8,241 8,241 8,241 8,241 3,303 3,303 8 Expendire on raising funds Unrestrleted Total Total 2024 2023 Costs of generoting voluntary income Other Fundraising Events Fundroising trading costs Shop Income l(Ki Club 2,876 6,127 2.335 8,462 6.127 2.335 8,462 6.967 1.890 11,733 Page 15
Plaza Communlty Clnema Notes to the Accounts 12 Tangible fixed assets Assets Under Land and Fixtures & Fittin85 building5 Equipment Total Developmen Cost Or revaluation At l April 2023 Additions At 31 March 2024 Depreciation and Impalrment At l April 2023 Depreciation charge for the year At 31 March 2024 614,861 631,590 207,785 181,936 98.498 280,434 1,636,172 98.498 1,734,670 614,861 631,590 207,785 246,847 293.138 167,693 707.678 18,594 29,600 10,730 58,924 265.441 322,738 178,423 766.602 Net book value5 At 31 March 2024 At 31 March 2023 13 Stock5 349,420 368,014 308,852 338,452 29,362 40.092 280,434 181.936 968.068 928,494 2024 2023 Finished goods 4,800 4,800 4,800 4,800 Carrylng value analysed by artlvlties 2024 2023 Kiosk Income 4,800 4.800 4,800 4,800 14 Debtors 2024 2023 VAT recoverable Prepayments and a¢trued income 12,735 3,818 16,553 4,413 4,413 15 Creditors: amounts falling due withln one year 2024 2023 Other loans Trade creditors Other taxe5 and 50ci315ecurity Other creditor5 Accruals 300 7,832 16,016 620 57,813 3,128 60,941 3,036 27,804 Pa8e 17
Plaza Community Clnema Notes to the Accounts 16 Movement in funds Incoming resources At31 March 2024 {Includlng At l Aprfl other 2023 8aInSo$SeS) Resources expended Gross transfers Restrirted funds: Unrestricted fund5: General funds 266,559 866,331 1782,7681 (39,574) 310,548 Designated funds: Fixed Asset Fund Building Restoration Fund The Mightywurlitter Restoration Fund 928.494 446.745 39,574 968.068 446,745 36,000 36,000 Total 1,411,239 39,574 1,450,813 Total fvnds 1,677,798 866,331 {782,7681 1,761,361 Purposes and restrictions in relation to the funds: Desi8nated funds- Fixed Asset Fund Building Restoration Fund The Mighty Wurlitzer Restoration Fund Fixed assets Building restoration Organ restoration 17 Analysis of net a55et5 between funds Unrestricted funds Total Fixed a55ets Net current assets 968,068 793,293 1,761,361 968,068 793,293 1.761.361 18 Reconciliation of net cash / Inet debt) At31 March 2024 At l Aprll 2023 Cash flows Cash and cash equivalents 767,895 767,895 13001 13001 64,986 64,986 300 300 832,881 832,881 Borrowings Net cash / {net debt) 767,595 65,286 832,881 Page 18
Plaza Communlty Cinema Notes to the Accounts FRS 102 requires and entity to report changes in net debt in the accounting perlod. l=CLIENTNAMEI doe5 not carry any debt or other borrowings and has a positlve net cash position 19 Commitments Pension commitments 2024 2023 The pension cost charge tothe company amounted to.. 3,045 2,778 20 Related party disclosures Contrg11ing porty The company is limited by guarantee and has no share capital,. thus no single party controls the company. Page 19