2021-03-31-accounts - Somerset Film And Video Ltd

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TRUSTEES	RFRichards	Festival Organiser
	A Buchanan	TV Producer
	L Cooper Retued
	S lshcrwood	Arts Consultant
	JMellor Consultant
	J Waters Freelance Cameraman
	N Williams	Sound Artist
	P Burr Retired
	M Puzynski	BME Engagement	Officer
COMPANY SECRETARY	P A R Shepherd
REGISTERED OFFICE	The Engine	Room
	50-52 High	Strcct
	Bridgwater
	Somerset
	TA6 3BL
REGISTERED COMPANY NUMBER	03443981 (England and Wales)
REGISTERED CHARITY NUMBER	1095587
INDEPENDENT EXAMINER	Maxwel la
	Chartered Accountants
	4 King Square
	Bridgwater
	Somerset
	TA6 3YF
BANKERS	NatWest Bank pic
	Leicester Rcsc
	Bede House
	11Western	Boulevard
	Leicester
	LE2 7EJ

for thc Year Ended 31	M	arch 2021
							319.21	31.3.20
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
				Notes		f,	f
INCOME AND ENDOWMENTS			FROM
Donations and lcgacics					59,141		59,140	8,333
Charitable activities
t 'hantable					321,723	69,077	390,800	226,863
Other tradmg activities					1,761		1,761	12,664
Investment income					89		89	112
Total					382,714	69,076	451,790	247,972
EXPENDITURE ON
Raising funds				7	11,776	300	12,076	18,582
Charitable activities
Project costs					87,282	18,600	105,882	81,549
Employment costs					183,097	9,774	192,871	94,381
Establishment costs					16,894	4,103	20,997	14478
Repairs and mamtenance					5,UZ3	257	5,ZtlU	943
Office expenses					7,948	2,625	10,573	8,456
Printing postage and stationery					1,455	1,029	2,484	1,170
Subscriptions and donations					78		78	198
Cleaning					3313	219	3,532	2,577
Bank charges					280	37	317	535
Bad debts					282		282	1,662
Facilitator								10,461
Travel and subsistence					423	4	427	2,214
Advertising and promotion					11,709	3,509	15,218	4,530
Legal and professional						3,240	3,240	193
Depreciation oftangible		fixed assets			7,723		7,723	5,134
Independent Examination		fee			675		675	675
Sundries					120		120
Accountancy					5,219	777	5,996	6,667
Total					343,297	44,474	387,771	254405
NFT INCOME/(FXPENDITI/RE)					39,417	24,602	64,019	(6,233)
RECONCILIATION	OF FUNDS
Total funds brought	farxvard				372,179	1,553	373,732	379,965

for thc Y	ear Ende	d 31 March	2021
							319.21	31.3.20
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
				Notes		f,	f
TOTAL	FUNDS	CARRIED	FORWARD		~411596	~26 155	~437 751	373732

Balance Sheet 31 March 2021
				31.3.21	31.3.20
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes		f,	f
FIXEDASSETS
Tailgllilc asscu	13	345,628	25,842	371,470	340,680
CURRENT ASSETS
Debtors Cash at bank and in hand	14	33,703 ~117793	~47996	33,703 ~165789	13,942 ~65604
		151,496	47,996	199,492	79,546
CREDITORS
Amounts falling due within one year	15	(85,528)	(47,683)	(133,211)	(46,494)
NET CURRENT ASSETS		~65968	313	~66281	33,052
TOTAL ASSETSLESSCURRENT LIABILITIES		411,596	26,155	437,751	373,732
NET ASSETS		~411596	~26 155	~437 751	373732
FUlqDS	le
Unrestricted funds Restricted funds TOTAL FUNDS				411,596 ~26 155 ~437 751	372,179 ~( 553 ~373732

ACCOUNTING POLICIES - continued	ACCOUNTING POLICIES - continued	ACCOUNTING POLICIES - continued
Pension costs and other post-retirement benefits
Thc charitable company opcratcs a dcfincd contribution			pension	schcmc. Contributions		payablc to thc charitable	company's
pension scheme are charged	to the	Statement ofFinancial	Activities		in the period to which they relate
DONATIONS AND LEGACIES
						31.3.21	31.3.20
Donations from individuals Government Grants	and organisations					1,480 ~57660	1,948 ~6385
						~59140	8333
OTHER TRADING ACTIVITIES
						319.21	31.3.20
CafU income						~1761	12.664
INVESTMENT INCOME
						31.3.21	31.3.20
Deposit account interest						89	112
INCOME FROM CHARITABLE ACTIVITIES
						31.3.21	31.3.20
		Activity
Project gmnts		t'hantable				248,805	59,789
InspirED Somerset		Charitable				3,209	33,709
Arts Council —Ignite Somerset		Chantable				107,532	87,453
Equipment and facility hire		Charitable				1/64	6,344
Course and workshops		Charitable				6,815	10,572
Commissions		Chantable				23,075	28,680
Services		Charitable					316
						390 00	226 863

Other tradin	g activities
				319.21	31.3.20
Purchases				1471	5,193
Staff costs				~10 05	13,389
				12076	18582
Costs oftrading activities		relate to the Engine Room cafih
CHARITABLE ACTIVITIES COSTS
			Direct	Support
			Costs	costs	Totals
				f,
Project costs			105,882		105,882
Employment	costs		192,871		192,871
Establishment	costs		20,997		20,997
Repairs and	mamtenance		5,280		5,280
OfHce expenses			10,560	13	10,573
Printing postage and stationery			2,484		2,484
Subscriptions	and donations		78		78
Cleanmg			3,532		3,532
Bank charges			317		317
Bad debts			282		282
Travel and subsistence				427	427
Advertising	and promotion			15418	15,218
Legal and professional			3,240		3,240
Depreciation	oftangible fixed assets			7.723	71723
Indcpcndcnt	Examination	fcc		675	675
Sundnes Accountancy			~345 523	120 ~5996 ~30172	120 ~5996 ~375695

					31.3.21	31.3.20
Wages	and salaries				9,487	11.959
Social	secunty costs				1,020	1,113
Other pension costs					298	317
					10 05	13389
The average monthly		number ofemployees	during	the year was as follows:
					313.21	31.3.20
Trading	activities				2	2
Charitable activities					8	7
					10	9

COMPARATIVES FOR	COMPARATIVES FOR	THE STATEMENT OF FINANCIAL ACTIVITIES	THE STATEMENT OF FINANCIAL ACTIVITIES
			Unrestricted	Restricted	Total
			funds	funds	funds
INCOME AND ENDOIVMENTS FROM
Donations and legacies			8,333		8,333
Charitable activities
Charitable			212,004	14,859	226,863
Other trading activities			12,664		12,664
Investment income			112		112
Total			233,113	14,859	247,972
EXPENDITURE ON
Raismg funds			18,582		18,582
Charitable activities
Project costs			72,943	8,606	81,549
Employmcnt costs			83,920	10,461	94,381
Establishment costs			13,318	960	14,278
Repairs and mamtenance			943		943
Office expenses			7,932	524	8,456
Printing postage and stationery			658	512	1,170
Subscriptions and donations			198		198
Cleaning			2,577		2,577
Bank charges			535		535
Bad debts			1,662		1,662
Facilitator			10,461		10,461
Travel and subsistence			1,882	332	2,214
Advertising and promotion			4,030	500	4,530
Legal and professional			193		193
Depreciation oftangible tixed assets			5,134		5,134
Independent Examination		fee	675		675
Accountancy			6,667		6,667
Total			232,310	21,895	254,205
NET INCOME/(EXPENDITURE)			803	(7,036)	(6,233)
RECONCILIATION	OF FUNDS
Total funds brought	fortvard		371,379	8,586	379,965

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
				Unrestricted		Restricted	Total
				funds		funds	funds
TOTAL FUNDS CARRIED FORWARD				372.182		1 550	~373732
TANGIBLE FIXEDASSETS
		Improvements		Fixtures
	Freehold		to	and		Computer
	property		property	fittmgs		equipment	Totals
						f.	f
COST
At I April 2020 Additions At 31 March 2021	466,368 ~466368	~34810 ~34 810		22494 22 94	229,097 ~3703 ~232 800		717,759 ~38513 ~756272
DEPRECIATION
At 1 April 2020 Cllargc tor year At 31March 2021	130,707 ~134242	~1740 ~1740		19455 473 ~19828	227,017 ~1975 ~228 992		377,079 ~7723 ~384 802
NET BOOK VALUE
At 31March 2021	332 126		33070	2466		3 808	371470
At 31 March 2020	~335 661			2939		2 080	340 680
Included within the net book value	ofland and buildings	above isfNil (2020 —fNil) in respect				offreehold	land and buildings
and f332,126(2020 —f335,661)in	respect of long leasehold		improvements.
DEBTORSr AMOUNTS FALLING DUE WITHIN ONE YEAR
						319.21	31.3.20
Trade debtors						1411	12,189
Other debtors						5,465	136
Prepayments						1,185	1,617
Accrued income						~25 42
						~33703	~13 942

CREDIT	ORS: AMO	UNTS FALLING DUE WITHIN ON	E YEAR
					31.3.21	31.3.20
Trade creditors					39dt73	6,955
VAT					3,140	3,660
Other creditors					479	604
Accrued Deferred	expenses income				5349 ~84 370 133 11	3,815 31,460 ~46 494
Dcfcrrcd	income comprises thc balances below;
			Unrestricted	funding		36,687
BFIFilm	Club		Restricted		funds	8,408
BFIFilm	Academy		Restricted		funds	1,800
Petroc			Restricted		funds	7,09S
Womad			Restricted		funds	1,875
Cloth Workers Grant			Rcstrictcd		funds	172
Cultural	Recovery		Restricted		funds	28,330
						84„370
MOVEMENT IN FUNDS
					Net
					movement	At
			At 1.4.20		in funds	31.3.21
Unrestricted funds
General Property	fund Assets Fund		36,518 ~335661		42,952 ~3*15	79,470 ~332 126
			372,179		39,417	411,596
Restricted funds
Bridgv:atcr Togcthcr		Fund	181		(181)
Homes in Sedgemoor		Capital Fund	313			313
Somerset	Community	Foundation	147		(147)
Capturing	Camelot		876		(876)
Bullying Project Capital Build TOTAL FUNDS			36 ~1553 ~373732		(36) ~25 842 ~24 602 ~64019	~25 842 ~26 155 ~437 751

			Incoming	Resources	Movement
			resources	expended	in funds
Unrestricted funds
General fund Property Assets Fund			382,714	(339,762) ~3535)	42,952 ~3535)
			382,714	(343497)	39,417
Restricted funds
Bridgwater Together		Fund		(181)	(181)
BFIFilm Academy	Fund		15,099	(15,099)
Somerset Community		Foundation		(147)	(147)
Capturing Camelot				(876)	(876)
Bullying Project				(36)	(36)
Quartet Community		Foundation	4,637	(4,637)
Clothworkers Foundation			4,828	(4,828)
Same Difference			200	(200)
Covid Recovery Capital Build TOTAL FUNDS			18,470 ~25 842 ~69076 ~451790	(18,470) ~44 474) ~337 771	~25 842 ~24 602 ~64 019

			Net
			movement	At
		At 1.4.19	in funds	31.3.20
			f.
Unrestricted funds
General fund Property Assets Fund		32,183 ~339 196	4,335 ~3535)	36,518 ~335661
		371,379	800	372,179
Restricted funds
Short Brcak Films		145	(145)
Bridgwater Together	Fund	377	(196)		181
Belonging Fund		1	(1)
Homes in Sedgemoor	Capital Fund	313			313
Somerset Community	Foundation	1,000	(853)		147
Capturing Camclot			876		876
Lottery Grant		2,450	(2,450)
Public Health		4,300	(4,300)
Bullying Project		~8586	36 ~7033)	36 1,553
TOTAL FUNDS		379965	6 233	~373	732

		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted funds
Gcncral fund Property Assets Fund		233.113	(228,778) ~3535)	4,335 ~3535)
		233,113	(232,313)
Restricted funds
Short Break Films			(145)	(145)
Bridgwatcr Togcthcr	Fund	937	(1,133)	(196)
Belongtng Fund			(I)	(I)
Somerset Community	Foundation	4,980	(5,833)	(853)
Capturing Camelot		8,487	(7,61 1)	876
Lottery Grant		(I)	(2,449)	(2,450)
Public Health Bullying Project		456 14859	(4,300) ~420) ~21,892)	(4,300) 36 ~7033)
TOTAL FUNDS		247 972	~254 205)	6 233

			Net
			movement	At
		At 1.4.19	in funds	31.3.21
			f.
Unrestricted funds
General fund Property Assets Fund		32,183 ~339 196	47.287 ~7070)	79,470 332 126
		371,379	40,217	411,596
Restricted funds
Short Brcak Films		145	(145)
Bridgwater Together	Fund	377	(377
Belonging Fund		1	(I)
Homes in Sedgemoor	Capital Fund	313			313
Somerset Community	Foundation	1,000	(1,000)
Lottery Grant		2.450	(2,450)
Public Health Capital Build		4,300 ~8586	(4,300j 25 842 ~17569	~25 ~26	842 155
TOTAL FUNDS		379965	57 786	437	751

		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted funds
Gcncral fund Property Assets Fund		615.827	(568,540) ~7070)	47,287 ~7070)
		615,827	(575,610)	40,217
Restricted funds
Short Break Films			(145)	(145)
Bridgwatcr Togcthcr	Fund	937	(1,314)	(377)
Belonging Fund			(I)	(I)
BFIFilm Academy	Fund	15,099	(15,099)
Somerset Community	Foundation	4,980	(5,980)	(1,000)
Capturing Camelot		8,487	(8,487)
Lottery Grant		(I)	(2,449)	(2,450)
Public Health			(4,300)	(4,300)
Bullying Project		456	(456)
Quartet Community	Foundation	4,637	(4,637)
Clothworkers Foundation		4,828	(4,828)
Same Diffcrcncc		200	(200)
Covid Recovery Capital Build		18,470 ~25 842 ~83 935	(18,470) ~66366)	25 842 ~17569
TOTAL FUNDS		699762	~641 976)	57 786