OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-12-31-accounts

Chichester Cinema at New Park Limited

Limited by Guarantee

Trustees Report

and unaudited Financial Statements

for the year ended 31 December 2022

Registered Charity Number 1099780 Registered Company Number 04445002

CHICHESTER CINEMA AT NEW PARK LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

INDEX

Page
Charity information 1
Report of the Trustees 2
Independent examiner’s report 9
Statement of financial activities 10
Balance sheet 11
Statement of Cash Flows 12
Accounting policies 13
Notes to the financial statements 16

CHICHESTER CINEMA AT NEW PARK LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

CHARITY INFORMATION

Trustees M Cox (resigned 31 May 2022) R Coxon (resigned 22 August 2022) M Driver (resigned 16 May 2022) A Flynn D Ford W Francisco (resigned 20 March 2023) R Gibson P Hargood (appointed 7 October 2022) R Harrison L Morgan D Phillips (resigned 20 July 2022) M Schurch Company secretary C Dakin Principal office New Park Community Centre New Park Road Chichester West Sussex PO19 7XY Registered office Cawley Priory South Pallant Chichester West Sussex PO19 1SY Registered charity number 1099780 Registered company number 04445002 Key management personnel Cinema Director and Programmer - Walter Francisco Operations Manager - Richard Warburton

Independent examiner Bankers Geoffrey Frost BSc(hons) FCA National Westminster Bank PLC Blue Spire Limited 5 East Street Cawley Priory Chichester South Pallant West Sussex Chichester PO19 1HH West Sussex PO19 1SY

Page 1

CHICHESTER CINEMA AT NEW PARK LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

REPORT OF THE TRUSTEES

The Trustees have pleasure in presenting their annual report together with the accounts for the year ended 31 December 2022. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.

STRUCTURE GOVERNANCE AND MANAGEMENT

Chichester Cinema at New Park Limited (the “Company”) is a charitable company limited by guarantee (company number 04445002) and was incorporated on 22 May 2002 and registered as a charity on 1 October 2003 (charity number 1099780). The charity undertook the charitable activities of the Chichester City Film Society on 1 October 2002.

The Company is governed by a Memorandum and Articles of Association and is controlled by a Board of Trustees wh ~~o~~ are elected at the Annual Retirement Meeting and are directors for the purposes of company law and Trustees for the purposes of charity law.

A list of Trustees can be found on page 1 of these accounts.

New Trustees are invited to apply for the advertised role by public notice. Trustees are selected on the basis of the contribution they will make to the governance of the organisation and the skills they will contribute broadly and specifically depending on current need. There were a number of changes to the Board during 2022 with four directors leaving and one, Patrick Hargood being appointed. Patrick has, for a number of years, served as the Deputy on the Company’s Education Committee and was a natural successor to Rosemary Coxon when she expressed a desire to step back from her role as a Trustee. He brings a wealth of experience to the Board and will help drive the Company’s desire to increase the educational offerings to local schools and the wider community that we serve. The Governance Committee reviewed the skills of the remaining Board Directors and it was agreed that the skill-set of the Directors was more than sufficient.

The Trustees have elected a Chair (Debbie Ford)and Vice-Chair (Roger Harrison). During 2022 the operations of the Board returned to normal and the Board met five times.

A Cinema Director (Walter Francisco) manages the day-to-day operations of the charity. The Cinema Director has delegated authority, within the terms of delegation approved by the Trustees, for operational matters including artistic programming, finance and employment. Remuneration for key management personnel is set by the Trustees in line with similar roles in comparative organisations.

The Trustees assess the major risks to which the charity is exposed on a regular basis. In 2022 the principal risks continued to be identified and categorised in areas such as strategy, reputation, governance, operations and finance. Responsibilities for key risks are assigned to Trustees and the Cinema Director to review and update current and possible future risks and implement mitigating actions where appropriate. The Trustees believe that by maintaining an effective risk management register, monitoring reserve levels, ensuring controls exist over key financial systems and the regular examination of the operational and business risks faced by the charity they have established effective systems to mitigate those risks.

One key area of risk which has been identified is the Company failing to attain its revenue objectives as a result of audience attendances and ticket sales being below expectations. Audience attendance is closely monitored and the management team has delegated authority and flexibility to apply corrective action. In common with many cinemas in both the UK and globally, audience numbers for the reporting period have not recovered to the levels enjoyed prior to the COVID-19 pandemic. The Board believe there to have been a number of contributing factors, including the ongoing need to rebuild the confidence of customers to attend an enclosed auditorium, a reduction in the number of high-quality films for exhibition being produced since the pandemic, and the broadening availability of film streaming services.

Page 2

CHICHESTER CINEMA AT NEW PARK LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

REPORT OF THE TRUSTEES

EMERITUS Trustees

The Board has the power, on a majority vote, to appoint Emeritus Trustees. Emeritus Trustees will be designated only from those former Founders, Trustees/Directors, Members, Employees or Volunteers who are recognised by the Board as having made an outstanding contribution to the cinema and the community for a sustained period of not less than eight years. Emeritus Trustees may occasionally be consulted or co-opted onto the Board but do not have voting rights. No Emeritus Trustees were appointed in 2022.

OBJECTIVES AND ACTIVITIES

Clear new Vision and Mission

In 2020 the Board established a refreshed Vision for the Cinema; “to be the best independent cinema on the South coast” and its charitable Mission was refined, as “To deliver a rich and varied programme of film and performance events from around the world, in an inclusive and welcoming way that helps people see the world through different eyes, and broadens the appeal and appreciation of independent cinema on the South Coast of England and beyond”.

This aligns with our charitable stated activity, which is: “To advance the education of the public in the knowledge, understanding and appreciation of the art of film.”

This is achieved by the screening of non-mainstream films from around the world as well as classic and popular films and by organising study days, talks and discussion. These are open to both members and the general public.

ACTIVITIES DURING 2022

2022 Chichester International Film Festival

The 30[th] Chichester International Film Festival took place in August 2022 Ticket sales were up 53% from the 2021 Festival due to Covid fears decreasing, increased screening capacities as a result of the abolishment of social distancing, and accommodating weather for the open air screenings. Final attendance numbers were 6,271 customers (4,102 in 2021).

Highlights included many world premieres (including ‘Mary Cassatt’ from the Exhibition on Screen series); visiting filmmakers including producer Andrew Eaton and artist Ann Sutton; a variety of film strands that included an homage to Ukrainian cinema, and a very successful sold-out open-air screening of ‘Elvis’.

Sub committee activities

CORPORATE GOVERNANCE

The Board aligns its approach and activities with the Charity Governance Code, and every Director:

The Company has continued to base its governance arrangements on the Charity Commission’s Governance Code for Small Charities (the “Code”) and the Governance Committee continues to work towards compliance with this Code. The Company will continue to monitor its compliance with the Code.

Financial reporting to the Board has continued to improve with the implementation of new financial reports which in turn helped the Company to successfully apply for various grant funding to support the business during a difficult time of recovery from the pandemic with continuing reduced audiences.

Attendance at Board Meetings by Trustees was close to 100%.

Page 3

CHICHESTER CINEMA AT NEW PARK LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

REPORT OF THE TRUSTEES

FUNDRAISING AND VOLUNTEERS

Two Trustees who were members of the Fundraising and Volunteers sub-committee left the Board during 2022, therefore management and other Trustees worked to build on the Company’s charitable presence within the local community to ensure that our charitable status remained front and centre of our outreach activities.

We continue to recognise the significant contribution from our volunteers and we are grateful for their continued commitment throughout another challenging year, despite their own vulnerabilities.

The Operations Manager is responsible for developing and supporting our volunteers. The Company is acutely aware of the importance of the cinema to its volunteers, many of whom rely upon it for weekly social interaction.

As with many charities our volunteers play an important and integral role in supporting the business. 2022 was an excellent year for volunteer participation. While the Company is committed to increasing the diversity of its volunteer base, we paused general usher recruitment in 2022 because total ushering slots were between 80 – 90% filled from a pool of 130 volunteers. We have implemented an annual procedures review for all volunteers and continue to support them ensuring they have sufficient resources.

The Board as a whole continued to focus upon ways to enrich the lives of the local community through film, to raise the profile of the cinema’s charitable activity and to develop methods for reporting on our impact on the community.

Here are some activities we engaged in in 2022 which aligned with our charitable remit to advance the education of the public in the knowledge, understanding and appreciation of the art of film:-

Cinema in Box

The Company continued to deliver its monthly Cinema in a Box scheme to care homes in the local areas. This covers nine local care homes with approximately 200 residents benefiting from a monthly film, delivered with a cake along with some fun film trivia and discussion points. This was particularly important at a time when so many people in care homes were missing contact with loved ones and could enjoy a little film escapism and a piece of cake.

The Apuldram Centre

We continued to work with Apuldram during 2022 – a local charity for adults with learning difficulties. Whenever possible, participants are invited to a private film screening with an appropriate theme and provided with a lunch pack from a local sandwich shop. As it is often challenging for adults with learning difficulties to attend a cinema, the provision of these bespoke screenings provided a safe and welcoming environment for them to relax and enjoy the wonder of film. 2022 films included ‘Beauty and the Beast’, ‘Coraline’, and ‘Maleficent’.

Little People, Big Screen

This initiative which began in November 2021 (a series of school events with STEM Innovation Ltd) continued during 2022. The scheme consisted of a hands-on film-making class in a local school with primary school children writing, filming and editing short films about famous historical people — based on the books Little People, Big Dreams . The final films were then screened “Oscar ceremony” style on Saturday mornings in the main auditorium for the teachers, children and their families. All of the children were given a family ticket to visit the cinema at a future date. Over 300 people attended the four separate screenings over two separate days in May and October. Approximately 120 children took part in the initiative — we will review this activity and value in 2023.

PR AND MARKETING

Recognising the ever-evolving challenges the Company encounters, we remain committed to drawing both our core and emerging audiences to the cinema. In doing so, we aim to reignite the cinematic magic while also acknowledging the economic hardships many face.

Leadership and Objective

Steered by Debbie Ford, the sub-committee is determined to position Chichester Cinema at New Park as the cinema of choice for those aged 35 and over. Central to this aim is motivating our primary 60+ audience to become ardent advocates, encouraging their younger family members to join in.

Page 4

CHICHESTER CINEMA AT NEW PARK LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

REPORT OF THE TRUSTEES

Strategic Areas of Focus

Post our participation in the 2022 UK Cinema Association conference, we've channelled our endeavours into four critical segments:

  1. ACQUISITION - Attracting fresh audiences

  2. RETENTION - Ensuring the loyalty of current viewers

  3. REACTIVATION - Motivating former audiences to return

  4. FREQUENCY - Boosting the regularity of visits

Engagement with Professionals

Partnering with a seasoned local PR agency, combined with enhanced and steady activity on Facebook and Instagram, has amplified our audience outreach. This firm grasp on PR showcases our cinema's unique offerings such as niche film events, community collaborations, and signature experiences. Simultaneously, our social media campaigns work to intensify these messages, resulting in heightened awareness and attendance.

Local Community Engagement

As a community cinema, especially under a charitable banner, our bond with the local community remains critical to our success. By leveraging PR and social media campaigns, we spotlight our events, foster collaborative marketing ventures with local enterprises, and encourage open dialogues with our audience through feedback and ad-hoc social listening.

Notable Collaborations and Events

Challenges and Initiatives

While we maintain our distinctive programming stance, the competition is rife. The onus to elevate the cinema experience is now more pressing than ever. Our foremost challenge lies in the food and beverage area, which requires more alignment with modern audience expectations. We're actively working on influencing change here.

Inclusive Screenings

In early 2022, we brought back our ‘Baby Makes 2’ screenings, offering laid-back movie times for parents and their infants. At the same time, we launched ‘Feel Good Fridays’ initiative in partnership with New Park Centre. Both of these special events come with discounted tickets and take place in the morning so they don’t clash with our regular film lineup.

Charitable Activities

Distinguished by our charitable status, our outreach, educational ventures, and support for local talent gained traction through PR and social media. This approach has fostered goodwill among donors and sponsors – a focus area for 2023.

Cost-Effective Marketing

In the post-pandemic era, our lean budget means prioritising cost-efficient methods of marketing the cinema. Press releases, website updates, and social media channels provide more reach than traditional outlets.

Determining a precise ROI remains work in progress, and we are committed to continuous evaluation.

Adaptable Marketing and Feedback

Our agility in social media marketing lets us fine-tune campaigns based on real-time feedback and user engagement.

Page 5

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

CHICHESTER CINEMA AT NEW PARK LIMITED

REPORT OF THE TRUSTEES

2022 Social Media Insights

Our channel following and engagement continues to grow and the box office/operation team members are improving their skills all the time and being proactive in making better use of these platforms.

Customer-Centric Initiatives

With health and safety paramount, we persisted with socially-distanced screenings throughout 2022, ensuring our audience felt secure returning to closed spaces post-pandemic.

EDUCATION

2022 was a key year for the education team as it was the first full programme since the pandemic.

It was also the first year in which we decided to locate all our events, for both adults and students, in the auditorium, rather than the studio, where all events for adults had previously been held.

There was a change of leadership halfway through the year with Rosemary Coxon stepping down after many years as education officer and Patrick Hargood taking over.

The move into the auditorium proved to be an unqualified success, with average audience numbers for adult events improving by approximately 50% from the days in which the studio was the main venue.

We ran 16 events for adults during the course of the year, with an average attendance of 31.

12 of these were produced in-house, with four guest speakers, three of whom had never previously given talks at the cinema.

Ever mindful of the need to attract diverse audiences, we reached out to a broader spectrum of speakers;, Roger Griffith, MBE, a black community activist from Bristol gave a talk on Sidney Poitier; Cypriot academic Stavroula Varella gave an interesting presentation on the films of film director Theo Angelopoulos.

Highlights included Gershwin on film, a talk debut for Andrew Vance, a new member of the education team, which drew the biggest audience of the year. This was linked to the production of Girl Crazy at the Chichester Festival Theatre and we benefited from cross promotion, with the talk being featured in the theatre newsletter.

This was one of two talks linked to CFT productions and the other one, on Scottish director Bill Forsyth, also drew one of our largest audiences of the year.

Another innovation brought in during the latter part of the year was the linking of adult events to films screening at the cinema. With advance warning of the films being screened in the next season, we were able to put together two events at short notice. This allows for cross promotion between the film and the talk.

2022 was a much harder year for school events. With students having missed so much learning, we found that schools were in full catch-up mode and headteachers were reluctant to give permission for trips out. In addition, our long-standing partnership on school events with Chichester Festival Theatre came to an end following the Theatre’s internal restructuring and change of focus.

However, our new initiative, where we invited schools to nominate a topic for which we would put together a bespoke event, proved very successful. Chichester Free School requested a session on art and cinema for which we received very positive feedback.

We were also able to develop our contacts with local 6th forms and delivered two sessions on Shakespeare on film for A-level English literature students.

Overall, we were pleased with the progress we made during the year in rebuilding our audience, both adults and schools, following the grim period of lockdown.

Page 6

CHICHESTER CINEMA AT NEW PARK LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

REPORT OF THE TRUSTEES

SECOND SCREEN

The ambition of investment to provide a second screen has been an objective for many years and it remains a longterm ambition of the Company. It would transform the cinema’s ability to acquire new films to show in the main auditorium (enabling the cinema to accommodate the number of continuous days/screenings, which major film distributors demand for new releases) and provide a theatrical environment for all the Festival films, including those smaller titles which currently we have to show on a small projector in the Studio. The Board does not consider investment to be appropriate at this time, given the trading environment, and will keep this matter under review.

BUSINESS DEVELOPMENT

In December 2022 the Board resolved to form a new sub-Committee – a Business Development Committee.

The aim of this Committee is to focus on audience growth, expansion of revenue schemes (taking over some of the work previously undertaken by the Fundraising and Volunteer Committee), cultivation of the relationship with the Company’s landlords, enhancement of the Company’s profile within the local art scene and increasing the profile of the annual film festival.

ACHIEVEMENTS AND PERFORMANCE

We achieved 55,203 admissions in 2022, an increase of 124% on the 2021 (24,681), but still short of 2019 admissions of 79,954 (our best year to date). The Chichester International Film Festival returned in August with a full programme:

2022 in numbers (inc. Film Festival):

Event cinema continued to be a big part of our varied programme.

As mentioned above, there were 53 different events over 82 screenings, which equates to 5.58% of all screenings, which equated to approximately 17% of box office takings.

FINANCIAL REVIEW

The year under review was the first full year of normal operations following the disruptions caused by the Covid 19 pandemic in 2020 and 2021. The two emergency financial support schemes that had temporarily been put in place to support the cinema industry through the pandemic ceased, with nil grant income received from either the UK government’s Coronavirus Job Retention Scheme (“CJRS”) or the BFI Culture Recovery Fund (“CFICRF”) (2021: £56,021 and £71,556 respectively). Despite this, incoming resources increased by 30% against the previous year to £549,798 (2021: £424,453). Excluding the CJRS and BFICRF, income at £549,798 compared to adjusted income £296,876 in 2021, representing an underlying increase of 85% .

Resources expended totalled £602,870 (2021: £443,964) of which expenditure on charitable activities amounted to £600,389 (2021: £442,348), an increase of 36%. The Net Expenditure in the period increased to £53,072 (2021: £19,511),with the benefits of increased revenue from normal operation being insufficient to fully offset the loss of income from grants.

During the year cash, and cash equivalents, decreased by £4,035 to £283,722. Investment in tangible fixed assets was £16,913 (2021: £27,924 ), mainly upgrades to our media server equipment.

As at 31 December 2022, the level of reserves available for the charity’s use, being unrestricted funds not represented by fixed assets, was a surplus of £177,448 (2021: £216,265).

The Trustees consider that the charity needs to achieve and maintain reserves equivalent to at least three to six months of expenditure excluding film hire costs from unrestricted funds (approximately £100,000 to £200,000) in order to ensure the ongoing delivery of its charitable objects during an unforeseen downturn in income. They consider that the current level of reserves is sufficient to achieve this.

Page 7

CHICHESTER CINEMA AT NEW PARK LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

REPORT OF THE TRUSTEES

The accounts have been prepared on a going concern basis. Since the Autumn of 2021 cinema attendances have progressively improved, although they remain below pre-pandemic level. The Trustees remain confident, taking all factors into account, that audience levels will eventually recover sufficiently for the cinema to eliminate its ongoing operating deficiency within the foreseeable future. Having carefully considered the trading outlook for 2022 the Trustees have a reasonable expectation that the charity has adequate reserves to continue for at least the next twelve months following the signature of these accounts.

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Trustees (who are also directors of Chichester Cinema at New Park Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the Trustees are aware:

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

APPOINTMENT OF AN INDEPENDENT EXAMINER

During the year under review the charity’s income remained below the threshold for audit under the Charities Act and the Trustees have elected to have an independent examination of the accounts.

Geoffrey Frost of Blue Spire Limited continued as independent examiner of the charity for the year ended 31 December 2022.

This report has been prepared in accordance with the small companies’ regime under the Companies Act 2006.

Approved by the Trustees and signed on their behalf.

25 September 2023 Debbie Ford Date Trustee

Page 8

CHICHESTER CINEMA AT NEW PARK LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

INDEPENDENT EXAMINER’S REPORT

Independent Examiner's Report to the Trustees of Chichester Cinema at New Park Limited

I report to the charity Trustees on my examination of the accounts of the company for the year ended 31 December 2022 which are set out on pages 10 to 23.

Responsibilities and basis of report

As the charity Trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company 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 examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the company’s 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 I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Geoffrey Frost BSc(Hons) FCA Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY

Date

Page 9

CHICHESTER CINEMA AT NEW PARK LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)

Note
Income and endowments from:
Donations and legacies
1
Charitable activities
2
Other trading activities
3
Investments
4
Other
5
Total
Expenditure on:
Raising funds
6
Charitable activities
7
Total
Net Income/(expenditure)
Transfers between funds
18
Net movement in funds
Reconciliation of funds
Total funds brought forward
18
Total funds carried forward
18		 Unrestricted
Funds
£
55,938
422,743
29,325
737
-
508,743
1,355
542,199
543,554
(34,811)
(18,261)
(53,072)
364,889
311,817		 Restricted
Funds
£
39,105
-
1,950
-
-
41,055
1,126
58,190
59,316
(18,261)
18,261
-
-
-		 2022
Total
Funds
95,043
422,743
31,275
737
-
549,798
2,481
600,389
602,870
(53,072)
-
(53,072)
364,889
311,817		 2021
Total
Funds
£
143,791
213,085
11,528
28
56,021
424,453
1,616
442,348
443,964
(19,511)
-
(19,511)
384,400
364,889

None of the charity's activities were acquired or discontinued during the above financial year.

The charity has no recognised gains or losses other than those dealt with in the statement of financial activities.

Page 10

CHICHESTER CINEMA AT NEW PARK LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

BALANCE SHEET AS AT 31 DECEMBER 2022

2022 2021
Note £ £ £ £
FIXED ASSETS
Intangible assets 13 16,351 18,168
Tangible assets 14 118,018 130,456
Total fixed assets 134,369 148,624
CURRENT ASSETS
Stock of stamps - 85
Debtors 15 9,255 21,081
Cash at hand and in bank 283,722 287,757
Total current assets 292,977 308,923
CURRENT LIABILITIES
Creditors: amounts falling due within one year 16 115,529 92,658
Net current assets/(liabilities) 177,448 216,265
Net assets/(liabilities) 311,817 364,889
THE FUNDS OF THE CHARITY
Restricted funds 18 - -
Unrestricted funds 18 311,817 364,889
Total charity funds 311,817 364,889

For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:

These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime within Part 15 of the Companies Act 2006.

The notes on pages 16 to 23 form part of these financial statements.

Approved by the trustees and signed on their behalf.

25 September 2023

Debbie Ford Date Trustee

Chichester Cinema at New Park Limited Charity Number: 1099780 Company Number: 04445002

Page 11

CHICHESTER CINEMA AT NEW PARK LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

STATEMENT OF CASH FLOWS

£
£
Net cash flow from operating activities (see below)
7,978
Cash flow from investing activities
Purchase of intangible fixed assets
-
Purchase of tangible fixed assets
(16,913)
Discount on historic fixed asset purchase
4,163
Investment income
737
Net cash flow from investing activities
(12,013)
Net increase/(decrease) in cash and cash equivalents
(4,035)
Cash and cash equivalents at 1 January 2022
287,757
Cash and cash equivalents at 31 December 2022
283,722
Cash and cash equivalents consist of:
Cash at bank and in hand
283,722
Cash and cash equivalents at 31 December 2022
283,722
Reconciliation of net income to net cash flow from operating activities
£
£
Net income for the period
(53,072)
Adjusted for:
Investment income
(737)
Amortisation and impairment of intangible fixed assets
1,817
Depreciation and impairment of tangible fixed assets
20,742
Loss on disposal of fixed assets
4,446
Decrease/(increase) in stocks
85
Decrease/(increase) in debtors
11,826
Increase/(decrease) in creditors
22,871
61,050
7,978
Analysis of changes in net debt
2022
Cash and cash
equivalents
£
Total net debt brought forward
287,757
Cash flows
(4,035)
Total net debt carried forward
283,722
2022
2022		 £
£
13,464
(19,135)
(27,924)
-
28
(47,031)
(33,567)
321,324
287,757
287,757
287,757
£
£
(19,511)
(28)
967
19,368
-
-
(10,297)
22,965
32,975
13,464
2021
Cash and cash
equivalents
£
321,324
(33,567)
287,757
2021
2021		 £
£
13,464
(19,135)
(27,924)
-
28
(47,031)
(33,567)
321,324
287,757
287,757
287,757
£
£
(19,511)
(28)
967
19,368
-
-
(10,297)
22,965
32,975
13,464
2021
Cash and cash
equivalents
£
321,324
(33,567)
287,757
2021
2021
13,464
2021
Cash and cash
equivalents
£
321,324
(33,567)
287,757

Page 12

CHICHESTER CINEMA AT NEW PARK LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

ACCOUNTING POLICIES

General information, scope and basis of the financial statements

Chichester Cinema at New Park Limited is a private charitable company limited by guarantee incorporated in England on 22 May 2002 (company number 04445002) and registered as a charity 1 October 2003 (charity number 1099780). In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity.

The charity's registered office is Cawley Priory, South Pallant, Chichester, West Sussex, PO19 1SY and its place of business is New Park Centre, New Park Road, Chichester, West Sussex, PO19 7XY. The nature of the charity's operations is given in the trustees' report.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Incoming resources

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

Income from cinema admission is included in incoming resources in the period in which the relevant showing takes place.

Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the charity where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers.

Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings: - Expenditure on raising funds, which includes costs of running the 'Friends of Chichester Cinema' and costs associated with outside hirers. - Expenditure on charitable activities, which includes the cost of screening films, education events and other support costs of these activities.

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources.

Governance costs comprise the costs associated with the governance arrangements of the charity and include audit fees, independent examiner fees, legal advice (if any) for trustees, costs associated with constitutional and statutory requirements and any costs associated with the strategic as opposed to the day to day management of the charity’s assets.

Page 13

CHICHESTER CINEMA AT NEW PARK LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

ACCOUNTING POLICIES

Employee benefits

When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The charity operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Leases

Rentals payable and receivable under operating leases are charged to the SoFA on a straight line basis over the period of the lease.

Taxation

The charity is considered to pass the tests set out in sections 466 to 493 Corporation Tax Act 2010 (CTA 2010), as such no income tax is payable on the charity's activities.

Intangible Fixed Assets

Intangible fixed assets are stated at cost less accumulated amortisation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Amortisation is provided on intangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Tangible Fixed Assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is calculated using the first-in, firstout formula.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Page 14

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

CHICHESTER CINEMA AT NEW PARK LIMITED

ACCOUNTING POLICIES

Fund accounting

Unrestricted general funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Going concern

The accounts have been prepared on a going concern basis. Following disruption to attendances in 2020 and 2021 resulting from the Covid 19 pandemic, quarterly year on year quarterly attendances have progressively improved, although in line with many cinemas they remain below pre-pandemic levels. The Trustees remain confident, taking all factors into account, that audience levels will eventually recover sufficiently for the cinema to eliminate its ongoing operating deficiency within the foreseeable future. Having carefully considered the trading outlook for 2023 the Trustees have a reasonable expectation that the charity has adequate reserves to continue for at least the next twelve months following the signature of these accounts. In consideration of all of the factors the Trustees have concluded that it is appropriate to prepare the accounts on a going concern basis.

Page 15

CHICHESTER CINEMA AT NEW PARK LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

NOTES TO THE FINANCIAL STATEMENTS

1. Donations and legacies

Grants, sponsorship and donations
Annual subscriptions
Standing orders
2. Charitable activities
Box office ticket sales
Education - Focus on Film
Gift token sales		 Unrestricted
Funds
£
20,634
35,304
-
55,938
Unrestricted
Funds
£
410,071
12,672
-
422,743		 Restricted
Funds
£
39,105
-
-
39,105
Restricted
Funds
£
-
-
-
-		 2022
Total
Funds
£
59,739
35,304
-
95,043
2022
Total
Funds
£
410,071
12,672
-
422,743		 Unrestricted
Funds
£
90,342
27,576
-
117,918
Unrestricted
Funds
£
205,622
6,324
1,139
213,085		 Restricted
Funds
£
25,873
-
-
25,873
Restricted
Funds
£
-
-
-
-		 2021
Total
Funds
£
116,215
27,576
-
143,791
2021
Total
Funds
£
205,622
6,324
1,139
213,085

3. Other trading activities

Advertising
Other activities for generating funds
4. Investments
Bank interest
5. Other income
Coronavirus Job Retention grants		 Unrestricted
Funds
£
14,643
14,682
29,325
Unrestricted
Funds
£
737
737
Unrestricted
Funds
£
-
-		 Restricted
Funds
£
1,950
-
1,950
Restricted
Funds
£
-
-
Restricted
Funds
£
-
-		 2022
Total
Funds
£
16,593
14,682
31,275
2022
Total
Funds
£
737
737
2022
Total
Funds
£
-
-		 Unrestricted
Funds
£
4,266
6,512
10,778
Unrestricted
Funds
£
28
28
Unrestricted
Funds
£
56,021
56,021		 Restricted
Funds
£
750
-
750
Restricted
Funds
£
-
-
Restricted
Funds
£
-
-		 2021
Total
Funds
£
5,016
6,512
11,528
2021
Total
Funds
£
28
28
2021
Total
Funds
£
56,021
56,021

Page 16

CHICHESTER CINEMA AT NEW PARK LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

NOTES TO THE FINANCIAL STATEMENTS

6. Raising funds

6. Raising funds
Friends of Chichester Cinema
Other cost of raising funds
7. Charitable activities
Education - Focus on Film
Advertising
Programmes
Other charitable activities
Programming and screening costs
Rent
Insurance
Licensing fees
Film hire & carriage
Projection expenses
Card and online processing costs
Salaries
Support costs (see note 8)		 Unrestricted
Funds
£
-
1,355
1,355
Unrestricted
Funds
£
3,535
8,308
14,832
50
8,820
46,326
1,109
2,704
145,907
2,183
21,992
154,518
131,915
542,199		 Restricted
Funds
£
-
1,126
1,126
Restricted
Funds
£
698
-
7,001
12,030
7,588
4,959
-
112
18,850
4,250
-
-
2,702
58,190		 2022
Total
Funds
£
-
2,481
2,481
2022
Total
Funds
£
4,233
8,308
21,833
12,080
16,408
51,285
1,109
2,816
164,757
6,433
21,992
154,518
134,617
600,389		 Unrestricted
Funds
£
-
400
400
Unrestricted
Funds
£
2,711
4,842
5,791
3,672
6,480
24,358
1,097
1,186
72,078
2,543
9,537
147,968
112,493
394,756		 Restricted
Funds
£
-
1,216
1,216
Restricted
Funds
£
323
310
5,372
3,481
14,362
3,831
-
103
12,138
4,000
644
-
3,028
47,592		 2021
Total
Funds
£
-
1,616
1,616
2021
Total
Funds
£
3,034
5,152
11,163
7,153
20,842
28,189
1,097
1,289
84,216
6,543
10,181
147,968
115,521
442,348

Page 17

CHICHESTER CINEMA AT NEW PARK LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

NOTES TO THE FINANCIAL STATEMENTS

8. Support costs

Printing, postage and stationery
Telephone
Internet charges
Consultancy fees
Office equipment maintenance and hire
Building maintenance and repairs
Bank charges and interest
Travel and subsistence
Subscriptions
Cleaning and COVID-19 related costs
Miscellaneous
Training costs
Depreciation and amortisation
Loss on disposal
Advertising and promotion
Salaries
Governance costs
Accountancy fees
Salaries		 Unrestricted
Funds
£
8,783
1,674
1,239
13,543
3,126
283
867
2,368
1,152
2,088
661
200
22,540
4,446
1,160
44,148
1,563
22,074
131,915		 Restricted
Funds
£
-
-
-
1,338
45
-
-
-
-
-
-
-
19
-
1,300
-
-
-
2,702		 2022
Total
Funds
£
8,783
1,674
1,239
14,881
3,171
283
867
2,368
1,152
2,088
661
200
22,559
4,446
2,460
44,148
1,563
22,074
134,617		 Unrestricted
Funds
£
6,289
1,626
1,476
3,336
3,200
853
794
1,268
871
7,093
-
274
20,335
-
-
42,277
1,663
21,138
112,493		 Restricted
Funds
£
-
-
-
150
127
-
30
22
-
849
-
-
-
-
1,850
-
-
-
3,028		 2021
Total
Funds
£
6,289
1,626
1,476
3,486
3,327
853
824
1,290
871
7,942
-
274
20,335
-
1,850
42,277
1,663
21,138
115,521

9. Independent examiner's fees

9. Independent examiner's fees
2022 2021
Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds Funds Funds Funds Funds
£ £ £ £ £ £
Payroll administration 450 - 450 450 - 450
Independent examiner's fees 1,100 - 1,100 1,100 - 1,100

10. Trustees' remuneration and expenses and other related party transactions.

Two of the charity's employees were trustees throughout the year under review and the comparative year. During the year under review these trustees received total employee benefits of £68,878 (2021: £64,845) made up of gross pay, employer national insurance contributions and employer pension contributions. No other trustees received employee benefits in this or the comparative year. During the year the child of a trustee received employee benefits of £284 (2021: £181).

During the year £87 (2021: £5) travel expenses were reimbursed to or paid on behalf of trustees.

There are no additional related party transactions to be disclosed in these financial statements to those items in this note and note 11.

Page 18

CHICHESTER CINEMA AT NEW PARK LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

NOTES TO THE FINANCIAL STATEMENTS

11. Staff costs and numbers

11. Staff costs and numbers
Gross wages
Employer's national insurance costs (net of employment allowance)
Employer's pension contributions
Staff numbers:
On average head count basis		 2022
Total
Funds
£
204,068
11,792
4,879
220,739
2022
12		 2021
Total
Funds
£
195,334
11,408
4,641
211,383
2021
12

There were no employees with emoluments (excluding employer pension costs) above £60,000.

During the year under review the charity's two members (2021: two members) of key management personnel received employee benefits, inclusive of gross pay, social security costs and employer pension contributions, amounting to £82,660 (2021: £77,058). In additional key management personnel were reimbursed expenses totalling £310 (2021: £5).

During the year under review the child of a member of the charity's key management personnel was employed by the charity and received employee benefits totalling £284 (2021: £181).

12. Pension arrangements

The charity operated a defined contribution pension plan during the year under review. Total employer contributions in the year under review amounted to £4,879 (2021: £4,641). There was £776 amounts unpaid at the balance sheet date (2021: £877) in respect of employee and employer contributions.

13. Intangible assets

Cost
At 1 January 2022
Additions
Disposals at cost
At 31 December 2022
Amortisation
At 1 January 2022
Charge for the year
On disposals
At 31 December 2022
Net book value carried forward
Net book value brought forward		 Website
£
19,135
-
-
19,135
967
1,817
-
2,784
16,351
18,168		 TOTAL
£
19,135
-
-
19,135
967
1,817
-
2,784
16,351
18,168

Page 19

CHICHESTER CINEMA AT NEW PARK LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

NOTES TO THE FINANCIAL STATEMENTS

14. Tangible assets

Cost
At 1 January 2022
Additions
Disposals at cost
At 31 December 2022
Depreciation
At 1 January 2022
Charge for the year
On disposals
At 31 December 2022
Net book value carried forward
Net book value brought forward
15. Debtors and prepayments
Trade debtors
Other debtors
Prepayments and accrued income
16. Creditors: amounts falling due within one year
Trade creditors
Other creditors
Other taxes and social security costs
Accrued expenses and deferred income
Provision for credit notes and refund of sales		 Equipment
£
295,526
13,308
(11,658)
297,176
184,753
18,338
(3,049)
200,042
97,134
110,773		 Auditorium
improvements
£
30,000
3,605
-
33,605
10,317
2,404
-
12,721
20,884
19,683
2022
Total
Funds
£
4,797
-
4,458
9,255
2022
Total
Funds
£
10,414
776
16,189
67,256
20,894
115,529		 TOTAL
£
325,526
16,913
(11,658)
330,781
195,070
20,742
(3,049)
212,763
118,018
130,456
2021
Total
Funds
£
3,186
4,139
13,756
21,081
2021
Total
Funds
£
11,809
968
5,599
58,465
15,817
92,658

17. Deferred income

Included in creditors note 16 above is deferred ticket sale income of £19,911 (2021: £16,680) arising from tickets sold for shows in the next accounting year.

Page 20

CHICHESTER CINEMA AT NEW PARK LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

NOTES TO THE FINANCIAL STATEMENTS

18. Analysis of net movement in funds

Restricted funds
Film Festival
Drive In Cinema
Cinema in a Box
Total restricted funds
Unrestricted funds
Intangible Fixed Asset reserve
Tangible Fixed Asset reserve
Total designated funds
General funds
Total unrestricted funds
Total funds
Restricted funds
Film Festival
Drive In Cinema
Cinema in a Box
Total restricted funds
Unrestricted funds
Fixed Asset reserve
Total designated funds
General funds
Total unrestricted funds
Total funds		 Year ended 31 December 2022 Year ended 31 December 2022 Year ended 31 December 2022
Total funds
brought
forward
£
-
-
-
-
-
130,456
130,456
234,433
364,889
364,889		 Total
Total
Transfers
incoming
resources
between
resources
expended
funds
£
£
£
39,305
(47,611)
8,306
-
-
-
1,750
(11,705)
9,955
41,055
(59,316)
18,261
-
(1,817)
18,168
-
(20,743)
8,305
-
(22,560)
26,473
508,743
(520,994)
(44,734)
508,743
(543,554)
(18,261)
549,798
(602,870)
-
Year ended 31 December 2021		 Total funds
carried
forward
£
-
-
-
-
16,351
118,018
134,369
177,448
311,817
311,817
Total funds
brought
forward
£
-
-
1,471
1,471
121,900
121,900
261,029
382,929
384,400		 Total
incoming
resources
£
25,273
1,000
350
26,623
-
-
397,830
397,830
424,453		 Total
resources
expended
£
(42,298)
-
(6,510)
(48,808)
(19,369)
(19,369)
(375,787)
(395,156)
(443,964)		 Transfers
between
funds
£
17,025
(1,000)
4,689
20,714
27,924
27,924
(48,638)
(20,714)
-		 Total funds
carried
forward
£
-
-
-
-
130,455
130,455
234,434
364,889
364,889

Description of funds: Restricted funds Film Festival Drive In Cinema Cinema in a Box

Funds received from the British Film Institute (BFI) and other local sponsors to develop a programme of films for and run an International Film Festival.

Funds received retrospectively to support the Drive In Cinema project of 2020.

Funds received to support the Cinema in a Box project providing movie experiences to care home residents during periods of isolation.

Unrestricted funds General funds

General funds are available for use in furtherance of any of the charity's activities.

Page 21

CHICHESTER CINEMA AT NEW PARK LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

NOTES TO THE FINANCIAL STATEMENTS

19. Transfers between funds
Unrestricted
From
To
Funds
£
Transfer 1
General funds
Fixed Asset reserve
(8,305)
(8,305)
Transfer 2
General funds
Intangible Fixed Asset reserve
(18,168)
(18,168)
Transfer 2
General funds
Film Festival
(8,306)
General funds
Cinema in a box
(9,955)
(18,261)
Total transfers
(44,734)
20. Analysis of net assets between funds
Transfer of funds from general funds to meet the deficit of expenditure over income in these areas
Transfer of funds to designated funds following the acquisition and capitalisation of fixed assets.
Transfer of funds from unrestricted funds to designated funds to realign presentation of fixed asset reverves		 Designated
Funds
£
8,305
8,305
18,168
18,168
-
-
-
26,473
and free reserv		 Restricted
Funds
£
-
-
-
-
8,306
9,955
es.
18,261
18,261
Fixed assets
Net current assets		 Unrestricted
Funds
£
134,369
177,448
311,817		 Restricted
Funds
£
-
-
-		 2022
Total
Funds
£
134,369
177,448
311,817		 Unrestricted
Funds
£
148,624
216,265
364,889		 Restricted
Funds
£
-
-
-		 2021
Total
Funds
£
148,624
216,265
364,889

21. Financial instruments

The carrying amounts of the charity's financial instruments are as follows:

Financial assets
Debt instruments measured at amortised cost:
Trade debtors (note 15)
Financial liabilities
Measured at amortised cost:
Trade creditors (note 16)		 2022
Total
Funds
£
4,797
4,797
10,414
10,414		 2021
Total
Funds
£
3,186
3,186
11,809
11,809

Page 22

CHICHESTER CINEMA AT NEW PARK LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

NOTES TO THE FINANCIAL STATEMENTS

22. Comparative statement of financial activities

Note
Income and endowments from:
Donations and legacies
1
Charitable activities
2
Other trading activities
3
Investments
4
Other
5
Total
Expenditure on:
Raising funds
6
Charitable activities
7
Total
Net Income/(expenditure)
Transfers between funds
23
Net movement in funds
Reconciliation of funds
Total funds brought forward
23
Total funds carried forward
23		 Unrestricted
Funds
£
117,918
213,085
10,778
28
56,021
397,830
400
394,756
395,156
2,674
(20,714)
(18,040)
382,929
364,889		 Restricted
Funds
£
25,873
-
750
-
-
26,623
1,216
47,592
48,808
(22,185)
20,714
(1,471)
1,471
-		 2021
Total
Funds
143,791
213,085
11,528
28
56,021
424,453
1,616
442,348
443,964
(19,511)
-
(19,511)
384,400
364,889

Page 23