| CONTENTS | Pages | ||
|---|---|---|---|
| Company information |
|||
| Report ofthe directors | 3-11 | ||
| Independent Examiner's |
Report | 12 | |
| Income and expenditure | account | 13 | |
| Balance sheet | 14 | ||
| Statement offinancial |
activities | 15 | |
| Statement offinancial |
activities —comparative | 16 | |
| Notes to the accounts | 17-23 |
| Results | ||||||
|---|---|---|---|---|---|---|
| 2022/23 | 2021/22 | |||||
| The deficit for the year has | arisen as follows: | |||||
| Deficit | on general | fund | -26,225 | -2,695 | ||
| Deficit | on restricted | revenue | funds | -2,500 | ||
| Surplus | on restricted | capital | funds | 21,792 | 1,413 | |
| Overall | deficit | -E4,433 | -f3,782 |
| FOR THE YEAR END | ED 31 | MARCH 2023 | |||
|---|---|---|---|---|---|
| Notes | 2022/23 | 2021/22 | |||
| E | |||||
| INCOME | |||||
| Income from charitable | activities | 99,507 | 78,586 | ||
| Other income —Southampton | City Council | ||||
| Covid support grants |
12,000 | ||||
| 99,507 | 90,586 | ||||
| EXPENDITU RE | |||||
| Charitable activities |
103,940 | 94,368 | |||
| DEFICIT ON OPERATING ACTIVITIES | -4,433 | -3,782 | |||
| Bank interest received | |||||
| DEFICIT ON ORDINARY ACTIVITIES | |||||
| BEFORE TAXATION | -4,433 | -3,782 | |||
| Corporation Tax |
|||||
| DEFICIT FOR THE YEAR | |||||
| AFTER TAXATION | 12 | -E4,433 | -F3,782 |
| BALANCE SHEET | ||||
|---|---|---|---|---|
| AT 31 INARCH 2023 | ||||
| Notes | 2023 | 2022 | ||
| TANGIBLE FIXEDASSETS | 29,098 | 7,322 | ||
| CURRENT ASSETS | ||||
| Debtors | 38,177 | 14,077 | ||
| Cash at bank and in hand | 2,651 | 49,984 | ||
| 40,828 | 64,061 | |||
| CREDITORS: Amounts | falling due within | |||
| one year | 24,490 | 21,514 | ||
| NET CURRENT ASSETS | 16,338 | 42,547 | ||
| NET ASSETS | 245,436 | f49,869 | ||
| FUNDS OF THE CHARITY | ||||
| Unrestricted funds: |
||||
| Income and expenditure | account | 10 | 11,338 | 17,565 |
| Designated revenue reserve |
10 | 5,000 | 24,982 | |
| Designated capital reserve |
10 | 884 | 900 | |
| 17,222 | 43,447 | |||
| Restricted funds: | ||||
| Revenue funds (page 13) | ||||
| Capital funds | 11 | 28,214 | 6,422 | |
| TOTAL FUNDS | 12 | R45,436 | 649,869 |
| FOR THE YE | AR ENDED | 31 MARCH 2 | 023 | |||
|---|---|---|---|---|---|---|
| Restricted | Restricted | |||||
| Unrestricted | revenue | ~ca ital | Total | Total | ||
| funds | funds | funds | 2023 | 2022 | ||
| E | ||||||
| Income from: | ||||||
| Charitable activities |
67,491 | 820 | 31,196 | 99,507 | 78,586 | |
| Other income | 12,000 | |||||
| 67,491 | 820 | 31,196 | 99,507 | 90,586 | ||
| Expenditure | on: | |||||
| Charitable activities |
93,716 | 820 | 9,404 | 103,940 | 94,368 | |
| Net movement | offunds | -26,225 | 21,792 | -4,433 | -3,782 | |
| Reconciliation | offunds: | |||||
| Funds brought | forward | 43,447 | 6,422 | 49,869 | 53,651 | |
| Funds carried | forward | 617,222 | 228,214 | f45,436 | F49,869 | |
| Analysis of net assets |
||||||
| between funds |
||||||
| Tangible fixed |
assets | 884 | 28,214 | 29,098 | 7,322 | |
| Debtors | 38,177 | 38,177 | 14,077 | |||
| Cash at bank | 2,651 | 2,651 | 49,984 | |||
| Less: Creditors | -24,490 | -24,490 | -21,514 | |||
| Total net assets | f17,222 | 228,214 | F45,436 | F49,869 |
| FOR THE YE | AR ENDED | 31 MARCH 2 | 023 —COMP | ARATIVE | ||
|---|---|---|---|---|---|---|
| Restricted | Restricted | |||||
| Unrestricted | revenue | ~ca ital |
Total | Total | ||
| funds | funds | funds | 2022 | 2021 | ||
| E | E | |||||
| Income from: | ||||||
| Donations | 21 | |||||
| Charitable activities |
66,530 | 8,500 | 3,556 | 78,586 | 46,582 | |
| Other income | 12,000 | 12,000 | 39,857 | |||
| Interest received | 2 | |||||
| 78,530 | 8,500 | 3,556 | 90,586 | 86,462 | ||
| Expenditure | on: | |||||
| Charitable activities |
81,225 | 11,000 | 2,143 | 94,368 | 55,174 | |
| Net movement | in funds | -2,695 | -2,500 | 1,413 | -3,782 | 31,288 |
| Reconciliation | offunds: | |||||
| Funds brought | forward | 46,142 | 2,500 | 5,009 | 53,651 | 22,363 |
| Funds carried | forward | f43,447 | F6,422 | f49,869 | f53,651 | |
| Analysis of net assets | ||||||
| between funds |
||||||
| Tangible fixed |
assets | 900 | 6,422 | 7,322 | 5,763 | |
| Debtors | 13,077 | 1,000 | 14,077 | 7,245 | ||
| Cash at bank | 50,984 | -1,000 | 49,984 | 45,070 | ||
| Less: Creditors | -21,514 | -21,514 | - 4,427 | |||
| Total net assets | 243,447 | E6,422 | 649,869 | F53,651 |
| 2. INCOME FROM CHA | RITABLE ACTIVITIES | ||
|---|---|---|---|
| 2022/23 | 2021/22 | ||
| F | |||
| Unrestricted funds: |
|||
| General revenue grants: |
|||
| Southampton City Council |
26,527 | 26,527 | |
| Income from activities: | |||
| Project fees and event income | 39,124 | 38,175 | |
| Workshop fees | 1,840 | 250 | |
| Facilities and equipment | hire | 1,578 | |
| 40,964 | 40,003 | ||
| Total unrestricted funds |
67,491 | 66,530 | |
| Restricted revenue funds: |
|||
| Watershed Arts Centre |
820 | 7,500 | |
| Southampton City Council |
1,000 | ||
| 820 | 8,500 | ||
| Restricted capital funds: |
|||
| University of Southampton |
31,196 | 3,556 | |
| Total restricted funds |
32,016 | 12,056 | |
| Total income | 299,507 | 278,586 | |
| 3.COST OF CHARITABLE ACTIVITIES | |||
| Staff costs (note 4) | 69,657 | 39,804 | |
| Direct project costs | 1,920 | 1,216 | |
| Freelance worker fees | 8,565 | 30,248 | |
| Southampton Film Week |
3,278 | 6,751 | |
| Computer maintenance |
1,200 | 1,230 | |
| Websites and social media | 354 | 793 | |
| Internet provision |
1,426 | 1,406 | |
| Rates for Studio 144 | 2,178 | 1,052 | |
| Insurance | 1,989 | 1,843 | |
| Support costs (note 5) | 3,671 | 7,596 | |
| Depreciation | 9,702 | 2,429 | |
| 6103,940 | 294,368 |
| NOTES | TO THE ACCOUNTS | TO THE ACCOUNTS | Continued | ||
|---|---|---|---|---|---|
| 2022/23 f |
2021/22 | ||||
| 4. STAFF COSTS | |||||
| Salaries | 67,028 | 38,806 | |||
| Employers National |
Insurance | 845 | |||
| Pension | contributions | 1,345 | 713 | ||
| Training | and DBSchecks | 439 | 285 | ||
| F69,657 | f39,804 |
| 2022/23 | 2021/22 | ||
|---|---|---|---|
| E | |||
| 5.SUPPORT COSTS | |||
| Freelance administration | 65 | ||
| Stationery, postage and office |
185 | 194 | |
| Telephone | 174 | 116 | |
| Travel and subsistence | 899 | 213 | |
| Bookkeeping | 360 | 396 | |
| Accountancy | 1,350 | 1,194 | |
| Professional fees —organisational |
development | 4,875 | |
| Subscription | 184 | ||
| Sundries | 328 | 348 | |
| Late filing penalty | 150 | ||
| Bad debt recovered | -9 | ||
| Exchange (gain)/loss | -8 | 23 | |
| Paypal commission | 26 | ||
| Eventbrite commission |
134 | 20 | |
| Late payment interest |
48 | ||
| E3,671 | E7,596 |
| 7. TANGIBLE FIXEDASS | 7. TANGIBLE FIXEDASS | ETS | ||
|---|---|---|---|---|
| Film, video and computer | equipment | |||
| COST | ||||
| At 1 April 2022 | 49,453 | |||
| Additions | 31,478 | |||
| At 31 March 2023 | 80,931 | |||
| DEPRECIATION | ||||
| At 1 April 2022 | 42,131 | |||
| Provided | 9,702 | |||
| At 31 March 2023 | 51,833 | |||
| NET BOOK VALUE | ||||
| At 31 March 2023 | F29,098 | |||
| At 31 March 2022 | F7,322 | |||
| 2023 | 2022 | |||
| f' | ||||
| 8. DEBTORS | ||||
| Amounts falling due within |
one year: | |||
| Project income debtors | 12,520 | 5,772 | ||
| Prepayments and accrued |
income | 1,439 | 4,749 | |
| Other debtors | 24,218 | 3,556 | ||
| 238,177 | E14,077 | |||
| There are no amounts | falling due after more than one year. | |||
| 9.CREDITORS | ||||
| Amounts falling due within |
one year: | |||
| Trade creditors | 1,667 | 840 | ||
| Taxation and social security payable | 5,225 | 1,903 | ||
| Accruals and other creditors | 4,334 | 5,507 | ||
| Deferred income |
13,264 | 13,264 | ||
| f24,490 | f21,514 |
| General | Capital | Premises | |||||
|---|---|---|---|---|---|---|---|
| fund | fund | fund | Total | ||||
| F | F | ||||||
| Balance brought forward |
17,565 | 900 | 24,982 | 43,447 | |||
| (Deficit) for the year | -26,225 | -26,225 | |||||
| Transfer from general fund re tangible |
|||||||
| fixed assets (see below) | 16 | -16 | |||||
| Transfer from premises fund |
19,982 | -19,982 | |||||
| Balance carried forward | 211,338 | f884 | E5,000 | f17,222 | |||
| The transfer to the capital | fund from | the income | |||||
| and expenditure account |
is in respect of: | ||||||
| Depreciation charged for the year |
-9,702 | ||||||
| Depreciation allocated to |
restricted | capital | funds | 9,404 | |||
| Cost ofadditions financed |
from general | funds | 282 | ||||
| Net transfer from the capital fund | -F16 |
| 11.RESTRIC | TED CAPITAL FUND | S | ||||
|---|---|---|---|---|---|---|
| Brought | Funds | Funds | ||||
| forward F |
received | allocated | Totalf | |||
| University of Southampton |
2,667 | 31,196 | 8,465 | 25,398 | ||
| Pheonix Film |
Society | 380 | 95 | 285 | ||
| Southampton | Solent University | 3,300 | 825 | 2,475 | ||
| Screen South | 75 | 19 | 56 | |||
| Balance carried forward | E6,422 | f31,196 | E9,404 | 628,214 | ||
| 2023 | 2022 | |||||
| f. | F | |||||
| 12.STATEMENT OF MOVEMENT | IN FUNDS | |||||
| Opening funds |
49,869 | 53,651 | ||||
| Deficit for the | year (page 13) | -4,433 | -3,782 | |||
| Closing funds | F45,436 | F49,869 |