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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|||||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|
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|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||
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