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2021-03-31-accounts

Page
Reference and Administrative
Details
Report ofthe Trustees 2 to 8
Report ofthe Independent
Auditors		 9 to 11
Statement ofFinancial Activities 12
Statement of Financial Position 13
Statement ofCash Flows 14
Notes to the Statement ofCash Flows 15
Notes to the Financial Statements 16 to 28

Trustees Mrs
L Kirkman
Mrs S I Woodward
Mr C C Root Appointed as Vice Chairman 12/4/2019
Mr G Trinder Appointed as Chairman 12/4/2019
Mr L P Del-Nevo
Mr N D Sandham
Mr P VStevens
Mr M Goldsmith
Company secretary Mrs J M Townend
Registered office 51High Street
Christchurch
Dorset
BH23 1AS
Registered company number 03941287(England and Wales)
Registered charity number 1089084
Auditors TCGroup
10Bridge Street
Christchurch
Dorset
BH23 1EF

2021 2020
Unrestricted Restricted Total Total
funds funds funds funds
Notes E E E E
Income and endowments from
Donations
and legacies		 128,187 17,261 145,448 190,853
Charitable
activities
Operation
oftheatre and		 cinema 108,728 214,302 323,030 1,274,213
Other trading activities 11,086 11,086 35,482
Otherincome 89,733 89,733
Total 337,734 231,563 569,297 1,500,548
Expenditure
on
Raising funds
Raising donations
and legacies		 6,862 6,862 14,453
6,862 6,862 14,453
Charitable
activities
Operation
oftheatre
and		 cinema 361,558 207,827 569,385 1,287,485
Other expenditure (16,774) (16,774) 19,861
Total 344,784 214,689 559,473 1,321,799
NET INCOME/(EXPENDITURE) (7,050) 16,874 9,824 178,749
Transfers between
funds		 255,756 (255,756)
Net movement
in funds		 248,706 (238,882) 9,824 178,749
Reconciliation
offunds
Total funds brought forward 400,921 408,637 809,558 630,809
Total funds carried forward 649,627 169,755 819,382 809,558

2021 2020
Unrestricted Restricted Total Total
funds funds funds funds
Notes E E E E
Fixed assets
Tangible assets 16 338,912 338,912 136,152
Current assets
Stocks 17 5,640 5,640 13,919
Debtors 18 84,330 84,330 104,160
Cash at bank and in hand 397,304 169,755 567,059 998,171
487,274 169,755 657,029 1,116,250
Creditors
Amounts
falling due within one year		 19 (176,559) (176,559) (442,844)
Net current assets 310,715 169,755 480,470 673,406
Total assets less current liabilities 649,627 169,755 819,382 809,558
NET ASSETS 649,627 169,755 819,382 809,558
Funds 21
Unrestricted funds 649,627 400,921
Restricted funds 169,755 408,637
Total funds 819.382 809,558

Statement of Cash Flows
for the Year Ended 31March 2021
2021 2020
Notes f f
Cash flows from operating activities
Cash generated from operations (110,965) 199,950
Interest
paid		 (3,500)
Net cash (used in)/provided by operating activities (110,965) 196,450
Cash flows from investing activities
Purchase oftangible fixed assets (327,347) (24,864)
Sale oftangible fixed assets 7,200
Net cash used in investing activities (320,147) (24,864)
Change
in cash and cash equivalents		 in the
reporting
period		 (431,112) 171,586
Cash and cash equivalents at the beginning of
the reporting period 998,171 826,585
Cash and cash equivalents at the end ofthe
reporting
period		 667,969 998,171

Reconciliation
ofnet		 income to net cash flow from operating
activities
2021 2020
f f
Net income for the reporting period (as per the Statement of Financial
Activities) 9,824 178,749
Adjustments
for:
Depreciation
charges		 114,300 45,588
Loss on disposal offixed assets 3,087
Interest paid 3,500
Decrease/(increase) in stocks 8,279 (3,461)
Decrease/(increase) in debtors 19,830 (82,382)
(Decrease)/increase in creditors (266,285) 57,956
Net cash (used in)/provided by operations (110,965) 199,950
At 1/4/20 Cash flow At 31/3/21
f f f
Net cash
Cash at bank and in hand 998,171 (431,112) 567,059
998,171 (491,112) 567,059
Total 996,171 (451,112) 567,059

Donations and legacies
2021 2020
f f
Donations 69,625 113,725
Donated services 75,823 77,128
145,448 190,853

2021 2020
Property maintenance 33,693 33,410
Property insurance 4,820 6,408
Administrative support 1,810 1,810
40,323 39,379
Rent (property owned by Council) 35,500 35,500
75,825 77,128

2021 2020
f f
11,086 35,482

Income fro m charit able
 activi ties
2021 2020
Operation
of
theatre
ancl Total
cinema activities
f f
Commission charges and recharged costs 712 46,486
Theatrical promotions 16,354 494,618
Cinema promotions 11,874 423,617
Cinema advertising 1.333 26,283
Grants 284,094
Cafe and bar sales 2,783 195,969
Other income from charitable activities 1,888
Credit card and internet booking fees 3,992 32,550
Rental charges 54,690
525,050 1,274,215
Raising donations and legacies
2021 2020
f f
Staff costs 3,862 4,035
Other office costs 3,000 3,000
Christchurch Information Centre 7,418
6,862 14,453
Charitable activities costs
Support
Direct costs (see
Costs
f		 note 8)
f		 Totals
f
Operation oftheatre and cinema 549,996 19,549 569,385

for the Year Ended 31Ma rch 2021
Support costs
Governance
Overheads costs Totals
E E E
Operation
oftheatre		 and cinema 2,332 17,017 19,549
Other expenditure
2021 2020
f E
Arts Contribution
to Christchurch		 Borough Council (19,861) 19,861
Loss on sale ofassets 3,087
(16,774) 19,861
Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
2021 2020
f E
Auditors'
remuneration		 6,150 6,150
Depreciation
-owned		 assets 114,300 45,588
Deficit on disposal of fixed assets 3,087
Fees payable for the audit ofthe financial statements 6,150
Operating
lease costs		 3,666

Staff c osts
2021 2020
f E
Wages and salaries 207,481 266,646
Social security costs 11,392 14,196
218,873 280,842

2021 2020
Operational staff 8 14
Financial
and administration		 staff 2 2
Other staff 1 1
11 17

Comparatives
for th		 e stat ement
offinancial activities
Unrestricted Restricted Total
funds funds funds
E E E
Income and endowments from
Donations
and legacies		 80,336 110,517 190,853
Charitable
activities
Operation
oftheatre		 and cinema 1,274,213 1,274,213
Other trading
activities		 35,482 35,482
Total 1,390,031 110,517 1,500,548
Expenditure
on raising funds
Raising donations
and legacies		 14,453 14,453
14,453 14,453
Charitable
activities
Operation
oftheatre		 and cinema 1,269,964 17,521 1,287,485
Other expenditure 19,861 19,861
Total 1,304,278 17,521 1,321,799
NET INCOME 85,753 92,996 178,749
Transfers between funds (117,149) 117,149
Net movement
in funds		 (31,396) 210,145 178,749

Comparatives for the statement
offinancial activit		 ies - continued
Unrestncted Restricted Total
funds funds funds
E E E
Reconciliation offunds
Total funds brought forward 432,317 198,492 630,809
Total funds carried forward 400,921 408,637 809,558

Tangible fixed assets
Improvements Fixtures
Studio to and
facility property fittings Totals
E E E E
Cost
At 1April 2020 181,039 287,025 631,561 1,099,625
Additions 124,381 202,966 327,347
Disposals (132,676) (132,676)
At 31March 2021 181,039 411,406 701,851 1,294,296
Depreciation
At 1April 2020 181,039 230,325 552,109 963,473
Charge for year 45,270 69,030 114,300
Eliminated
on disposal		 (122,389) (122,389)
At 31March 2021 181,039 275,595 498,750 955,384
Net book value
At 31March 2021 135,811 203,101 558,912
At 31March 2020 56,700 79,452 136,152

Stocks
2021 2020
E E
Cafe, bar and CICstock 5,640 13,919
Debtors: amounts falling due within one year
2021 2020
E E
Trade debtors 33 5,609
Other debtors 7,611
VAT 10,820 3,526
Prepayments and accrued income 73,477 87,414
84,550 104,160
Creditors: amounts falling due within one year
2021 2020
E E
Trade creditors and accruals 14,612 170,513
Social security and other taxes 3,482 4,523
Other creditors 64,601 131,361
Deferred income 93,864 136,447
126,559 442,844

2021 2020
E E
2,750

Net Transfers
movement between At
At 1/4/20 in funds funds 31/3/21
f f f f
Unrestricted funds
General funds 264,329 (7,050) 51,361 308,640
Fixed asset fund 133,592 204,395 337,987
Margaret
Finch		 Fund 3,000 3,000
400,921 (7,050) 255,756 649,627
Restricted funds
Kit Townend fund 1,386 1,386
Screen talk system 457 (39) 418
Refurbishment grant 8,520 (347) 8,173
Seating fund 14,672 18,033 (32,705)
Development fund 383,602 (773) (223,051) 159,778
408,637 16,874 (2SS,756) 169,755
TOTAL FUNDS 809,558 9,824 819,982
Incoming Resources Movement
resources expended in funds
f f f
Unrestricted funds
General funds 337,734 (344,784) (7,050)
Restricted funds
Screen talk system (39) (39)
Refurbishment grant (347) (347)
Seating fund 18,033 18,033
Development fund (773) (773)
British Film Institute 214,303 (214,303)
231,563 (214,689) 16,874
TOTAL FUNDS 569,297 (559,475) 9,824

Net Transfers
movement between At
At 1/4/19 in funds funds 31/3/20
f E E f
Unrestricted funds
General funds 275,854 85,753 (97,278) 264,329
Fixed asset fund 153,463 (19,871) 133,592
Margaret
Finch		 Fund 3,000 3,000
432,317 85,753 (117,149) 400,921
Restricted funds
Kit Townend fund 1,361 25 1,386
Screen talk system 509 (52) 457
Refurbishment grant 9,322 (802) 8,520
Seating fund 850 13,822 14,672
Development fund 186,450 80,003 117,149 383,602
198,492 92,996 117,149 408,637
TOTAL FUNDS 830,809 178,749 809,558
Incoming Resources Movement
resources expended in funds
f E E
Unrestricted funds
General funds 1,390,031 (1,304,278) 85,753
Restricted funds
Kit Townend fund 25 25
Screen talk system (S2) (52)
Refurbishment grant (802) (802)
Christchurch Borough Council funds 16,667 (16,667)
Seating fund 13,822 13,822
Development fund 80,003 80,003
110,517 (17,521) 92,996
TOTAL FUNDS 1,500,548 (1,322,799) 178,749

Net Transfers
movement between At
At 1/4/19 in funds funds 31/3/21
f f f f
Unrestricted funds
General funds 275,854 78,703 (45,917) 308,640
Fixed asset fund 153,463 184,524 337,987
Margaret
Finch		 Fund 3,000 3,000
432,317 78,703 138,607 649,627
Restricted funds
Kit Townend fund 1,361 25 1,386
Screen talk system 509 (91) 418
Refurbishment grant 9,322 (1,149) 8,173
Seating fund 850 31,855 (32,705)
Development fund 186,450 79,230 (105,902) 159,778
198,492 109,870 (138,607) 169,755
TOTAL FUNDS 630,809 188,573 819,382
Incoming Resources Movement
resources expended in funds
f f f
Unrestricted funds
General funds 1,727,765 (1,649,062) 78,703
Restricted funds
Kit Townend fund 25 25
Screen talk system (91) (91)
Refurbishment grant (1,149) (1,149)
Christchurch Borough Council funds 16,667 (16,667)
Seating fund 31,855 31,855
Development fund 79,230 79,230
British Film Institute 214,303 (214,303)
342,080 (232,210) 109,870
TOTAL FUNDS 2,069,845 1,881,272)