RE(aSTEf¢EOCOMPANYNUMBER.' 05626997 IEnElandand W?le$l REGLSTERED CHARITY 14UMBER: 1113259 ReM oftheTrustses
Saffron Wahlen rnited fortheyear Ended 31 Decem2022 Page Report oftheTru5tee5 Ito6 Independent Examinerfs Rerx)rr Statementof Financial Atti¥its Balaftce Sheet 9toio Notes to the Financkil Statements llto17 Detailed Staterynt of FinarThl Actpirbes 18to19
al Cinema Limited rt of thÈ forthe Ye¥ Ended 31 Detember 2022 The Trustee5 who are also directors of the charsty for purposes ¢)f the Cornpanie5 A£t ?6, present their report with the f(nanoal statements ofthe charttyfortheyearended 311)ecernber 2022.TheTwstees haveadopted tk provisions of Accounting and Reporttng by Charities.. StateMt of Recomnnded Practice applicable to charrties preparing theii a(tounts in accordance with the Flnancial Reporting standa appliCae in the UK and RepublK of tland IFRS 1021 leffettNe l January20191. OBJEcfivES AND ACTivmES Objettfves Jnd aims ffron Scen and Royston Pitture paL are iftdependent comffwnbty ciftemas screening a range of films and events. seekin8 through clnema to entertain. educateanduea a Sha eywnceto Impro¥tthe qualityof lrfe foreveryone in Saffron Walden, Roy5ton the surroundn8 areas. The Charity's objert5 are.. - to advance the education of the publK in the knthedge. nder5nd1ngand appwi8tw oFthearts. particularlythe art of filrns and allied visual techniques- - to advance the education of pupiLsat Saffron Walden crity Hh WKJol I"SVICHS-I by providir¢g and as%sting in the provlslon of facilities for educatk)n at the sthoDI-, and -to promoteforthe beneftt of the inhabf(antsof Sthon Waklen. Aoyston andthe surroundingareasthe provtsion of recreational nd other lsure time f&ilTts in the iDteTest of soch31 welFare and with the object of improving their cofidtlK)ns of life. Siqniftsnt a¢El¥llJ¢$ The pritnary attNtty 15 the provision of cnerna Screenings at the orrna audorium in Saffron Walden (located in thÈ Saffron Walden County H4qh khooll and at the auditorium ifi Royston (located in Royston Town Halll. Saffron Screen offers between si¥ and eight screenin85 etth weekfrom Friday night to Monday nwdht as well as extra scenIngst1UriMg the school holKtay5 and Arts on Screen $cenIng$, which a often mktweek. Roy5ton Piaure Pala IRPPI offers fewer screenlngs at presenL pdOmInatIY at weekends. Both cinema5 show a range of films includire mainstream bltybusters. the 05car currtender5. thildren'5, art-house and foreign langu8gefilms, docurrntaries and archNe rnaterrdl. Salfron Screen 3150 airns to enhance the cinema experience by offering guest speakers. hosted discusssons and other events le.g. talks and workshops). In additK)n, our Art5 on kTeen 5tr3nd provide5 5ive and encore screenings of plays, operas, ballets, art exhibr(ion5 and corKert5 bToadcast frorn thetr Yenues to the cinerna by satellite. In 2022 we introduced live and encore screenings at RPP. The onerna ha5 previousty run"Pop-up" screenlngs in cornmunlty venues in Saffron Walden and its surrounding villages but due tothe operational d1ffKultS of the COMD-19 pandemK. these have been limited. It 15 our intention to rtrintroduce these ITr 2023. The Trustees are gratefvl to SWCHS and Saffton Hall for their SUPWbrt and over shared use of the school premises. and to the Saffron Walden Tour Informatiork Centre for thesr hard work and support sellingtickets for Saffron Screen. Further, we Bre also grateful forthe sUPPOrt olthe Royston Town cncil arsd. in particuLi¥.the stsff attheTown Hall tor providing the box offlcé functions drInE thè Wrth the COVID-19 pandemlc h1nd LFswe have abletooperate ¢M a rt¥ye"norrnaf bas in 2022. However, we havefound that audTren numbers have been athrsely affetted bythree maln causes.. Reluttance by people attending due to ongoiftg COnrS over COMtk19 Lad< of suitsble content available Increase of streamingfilms at hOr{broUght oly)ut bythe ndemIC l0(kdDwr} Fllrn 8vai13bllrcy was rA)or thrcmjghout the year as prThtucbon was restritted durtng the paTrJetnic. Many di5tributor5 were Still moving release dates of bigger movies to try and m3MiSe their wenue. However. there were some 5tand-OUt film5 which Included Roald Dahfs Matilda the Mus4cal.The Duke. BebsL Top Gn." MavÈricK Prima Facie and Eric Ravilious.. Drawn to War, 311 of which attratted an aveiage of over 150 at Saffron Sfxeen. Top sellsr4 INe events induded The Nutcracker, LeotK)Id5taOt and Swan Lake. Average attend3ft$ at Saffron kreen We just under fll and * RO00 Pi(tuo PaLe just under 40. Funding from the Arts Council finished and therefore with the reduced nurrt)er of atterkdees we irKurred a $5 for the year. Work to reduce losses Is being planned by the Trustees. It should be noted that the exhibrtx)n settor as a whole is sufferiftgfrom around a 30% reductK)n on normal attendances and Is not expetted to rèttjm to tomparable 2019 figures until end of 2023 or later in 2024.
ma Limited theyear Ended 31 Decem2022 OBJECTIVESANDAcniThES Publlc benefft Charity Trustees have a duty to p(rt In the TnJstee< AnThJal Rew)rt on the Chaws br benefiL They shId dem(Strate that they are clear ab the Oenefrts that are gerated by the actIeS of the Charity. The Challty Commwion gulrtance on publt£ benefrt In Settion 4 of the chartieS Act 2011 has been noted in preparing thisAnnual Report. Saffron Screen and Royston Picture pala wekom audIeTrS all batkgrounds. We ale cornmitted to serving the whole comrnunlty by providing a wide range of films and other events at reasonabk prKes. including a range of contrssion tickets. In partKular. we have ne8Otiated wtth the distributors of Event Cinema to albw us to offerttckets for those who are 18 & under at reduced rates to aifowyour people kKal a55 to nat)nal and InternatrIal ryra, Iheatre, balt ar)d exhibitions. We have also IntrodUd In early 2018 srEnrficantty discounted tickets on all films for audience merniErs between the ages of 16 to 30 to encourage increased participation of that age group. In addition. we offer Concessnary prices for those over 65 years old, students. unemployed, registered disabled petse. Liiilesford con$S1on Card hokler5 and military personnel. For customers wfch disabilities we provwje aud) description for partially stghtedlwind ¢ustornef5. and indNidual hearing loops forthose with hearing dtKiculties. Saffron Screen and Roysron PKture Pakxe continues it5 cornmitment to social responsibilitythrou8h special screenings forthose living wrth autism and dementia, the latter beingffinanoa1tysuprted by Saffron Walden Dementia Action Alliance. We continuetoconslder and pONd ttiall leedbackfr0mouraudre. wherpostrwe0r ne£ative.and to k)okoiwaysto improve our offering. ACHIEVEMENT AND PERFORMAPXE CharitsNe aultIeS The objectives ofthe charity atthe stsrt Of 2022 we.. - to continue to provide an exc¥tingandvarted piLwamrne of films. spec1 events aThd educatrjftal acti¥itiÈs- - to seek to ach outto new and upder-ser¥ed •JdIereS andts devekjp oyrexistineaudEtKe.' - to generate core incorfie of £225.IKXland generate break e%en free osh flow peT annumto rnaintain self-sufficiency,- - to continue good corw)rate governance by ensuiingthat all polioes. procedure5 and d(Kunpntation are up to date,. -and to consideroptionsfor movin8or expanding thecurfentoperations to servethegrowlnademand fromthe local communitv,. In 2022. the amount of 5Uttabk filrn and events screened was again fimited due to the impart ol t1 COVIO-19 pandernic. We were, however. able tts rneet fll05t of the above objettwes within the limtrdtnS imposed. However. it should be noted that we have been unable to generate e[ugh income to kxeake¥en. and thi5 isa prv)rity for the TrusteÈs to consider going forward into 2023. Key Perf0mnCe Indlcators: TheTru5tees set four Key Perf0mian IndiotorsfoTthe cinema,annual keyeore incoFne. custon7er satisfattion. averageèudience numbers and number of speakets. outreach and education events. Dueto the COMD-19 paftdemK anYfwj lft these categories ro mownin8105S. We wll. howÈvÈr. cothtinue tts monitor and review these KPIS in 2022 when can offer a full programme to ensure that we prowde a broad range ofevents and to maintsin or iMpVe1*se fyures. AudIee development As with last year. we have had a Verylimlted opportunltyto developouraudence in 2022. Audience5 have been hesitant to return to cinema in general. but as time progresses, hopethatweon erwurage Ix)th ourexisting customers and new ones to attend screenings at our cinemas. Page 2
Walden Conwmin Clnema Ljmlted fotthe Yw Ended 31 Decernber20ZZ FINANCIAL REVIEW Flnanclol posltiom The Statement ol Finandal Acbvity for the year ended 31 Dember 2022 shows total incoming resources of E281,85612021.. E299,8371 and total resources expended of £357.(K)112021= £303,Y81 UlEir¥ in a net deficit of £75.145 12021." net deficit £3.7tii. During the flnandal year to 31 December 2021 operdtion5 retuned t0-rrnf afterthe COMD-19 pandemic, however audience Participation is still being impatted bythe events of 2020 and 2021. The numberof screenings has redud dLie tothe lower level of content being available toexhibrf¢oTS, rnain through productKJn delaysand streaming aetnativeS. ¢Tall irKlustry attendae is yet to recover and the firancal posibon beinE impacted acr05sall operators. IrKomefrom admission charges 15 Still sufferine by redurtion of ènd 3(. The ntral governmert fvnding from the Arts Council / BFI Sed in January 2022. therefore the organisatson is operating on the income r( can generate from orRrational actNit5. We are thankful to the Arts Council ladministed by the 8FI for independent cinemas) for grant support in the current and prwjr year. Totsl resourceseynded havèbeen ift IlwIth pr[yearnWage£OSts in 2020and 2021 wefe reducedthroughjob Retention kherne fundin& whith is no longer avaiL)ble. The Trustees have invested in the stsff and c4nemas to attèmpt to return activity backto pre-COVID-19 Ve1$.A5 a result,the2022finaraI resultsslK>wa lossdue to IovÈr income levelsthan anticipatedtogether WFth th15 Investment In staff. WEth the continued bwei attendanTr nUrnTs.the Trvstees are ewIng all (nsts In the shortterm to return backto a breake¥en p)Int In 2023. For 2022the organisation ha5 seen a defiot of £75.14512021-. netdeficst £3.7111.1Tr 2020 and 2021. the rnajorityolour costs have been eligible for support8T8nts. wsth onty depreciatK)n belrsgexduded. For 2022. this supportw3swithdrawn in January 2022. In 2020 and 2021 we have managed to keep losses to a rThnlmum thr(wgh VafKLFS SUPW)rt pacpages. However. this $pport Is no IoD8eY ava51able. Total fvnds as at 31 December 2022 were £104.89512021: £180.0301 wth total unrestrthrt fvnd5 of £58,W12021.. £IM.5341. Detalls of the restrited funds tan befound in the te5 to thefinanoal statements. The Trustees recognise the impact that COVID-19 has had on the industry. and are rneetlng frequently to see the oreanisation through the next 5ta8e of its operations. In 2023 the charty will continue to nKJnitor its costs and income to ensu a and Secu ftjture forthe anema. Reserves polkv The Trustees a $nSible for rnaintainlng a level of reserves that appropriate for the charfty. The reserves policy is to hold approximately Iwo month5 of frrted sts Iprirnarily to cover the msts in ndIng up the operations of the charity). and 50% replament wst of equitwrwt. Intotsl it is apFxlrnatety £1(1.0(. The reserve policywas reviewed and updated in 2019. fjoln6 Conr During the year. the charity had positive net assets and has cash reserves. TheTwstees hove no reason to believe that a material uncertèinty exists th rnay 5t signifant doubt about the abilrty of the charlty to contlnue as a goingcoAcern. Accordingly. the financial statements have been ppared on a £oFconrn ba515.
ftythe Year Ended3ll)ember20?2
FINANCIAL REVIEW
Prfncipal rlsks a nrtaIntleS
Thecinema industrytsstill recoverlngfromtheeffectsofthe Com[19 pandemtandthe redUd audien numbers. The industry
as a whole has the ChaInge of poor content thcxce through tjelayed or Canlled prodLKt)s, incaSe in streaming at home
offerings and risi costs. It believed that the 4ndustrywll continue to recoVersbY and find new ways of increa51ng audience
partIpatiOn. The Trustees are meeting regularty to monitor the ongoing situation and to put in place plans to protett the
organlsation, its customer5 and staff. All availablelundingoppoytunTtEs wll be assessed bythPTru5ttD pn5u¥ethe viabillty of
the org2ni%ation in the longterm.
The Trustees ha¥e identiRe
Clr*ma Limited forthe YearEnded 31 December 2022 REFERENCE A14D ADMINLSTrAIWE DEfAILS Trustees B P Willmott C R SawFord D A Earw FCCA S Inkley KAReed K Roberts G M Downham C L Parkin Chair Deputy ITred Feb 20231 rinance Dirertor IaprwJnd ott 20221 lapwinted Jun 20231 lappointed Jun 20231 CoMnY Settetary C L Parkin Independent txaminer David Richardson ACA Institute of Chartered A¢cwntsnts in England and Wales Bankers Barclay5 Bank UK pk This port has been prepared in ac(ordance wrth the 5pecwl pro$10n5 of Part 15 of the Companies Att 2CMJ6 relatinE to small companles. Approved by orderof the board ofTrustees on.........................._......... ...... and si8d on Tts behalf by.. AQLJ P Wlllmott - Trustee PaF6
Limrted oftheT forthe Year E31 De¢•thr2022 STRUCTURE, GOVERNANCEAND MANAGEMENT Organisatlonal The Trustees are spOnSible for the n¥naRennt of the chaiity. inrknltng proper use of its fvnds. The Trustees delegate the powEr5 for the day-to4ay running of the cinerna to the Managent LtJrn¥rwttEe. The Tnjstees net Quarterly to re¥W the actions of the rnanagernent committee and make Strategic deClon5. Indu¢iion and tra5nlng of new TNstees Our Tfustees bringa wide range of ski115 tothe charty IndudlnEcinema progrdmrn1 marketin&finance. human resources. legal, and business managennt. As the organisaiion devdops and as the external enVirOnnt change5, we keep under review the skills we need. To ensuiethis 15 Upto date wè tarTied outa sILSauditalthe start of 2019. When we recru4¢ we utlllse the results of the skills audit to identfyihe qualities sought in poteniial candrdates. oppOrtLtnes are adVSed and the Human Resources sub-committee manages the retFuitrrent process, resulting in reC0mrnendatS to the full Board. Potential new Trustees are nvited to meet with extingTruSreeS and key management persne1 to gain an urK1er5tsr¥dinB of their respettive roles and the part they play ia the decision-makin8 preSses, are provhled with appropriate backgrou dLKumentatM)n le.8. the sinesS plan, recent linancial performance. and Memorandurn and ArtKies of A$Sl3t10m) together with access to Charrcy Comrni55ion guidance notes. Trustees are enco¢Jragedtoattendapprowateexternalirainin8eventswherethe5ewill faalitste the tJndertakin8 of their role. Key managernent remuneratlon The directors Offfrofi Waldèn ComrnuTrtyCirtema Umited arethechariWsTrustee5. andtheseniormanagementteèm comprise the key rnanagement personnel olthe charrty in charge of dir@rtin8 aad controllin& runnlng and operatinE the charity on a éayto day basis. All direttors ewe their t1 freety expt where their specialist skills are required. Details of directors, expenses are dlsclosed in note 4 to the financBI statettnts. Related party tra[Llon5 are thtsclosed in note 12 to the financi31 ststements. The pay of all 5tsff is revwed annualty ralty increased in line wlth InfktKJn. In view ol the nature of the ch3rEty, the dIOr5 benchmark against pay leveb In other provinual onemas of a similar si2e. Related partles None ofourTrustees receive rernuneratv)n or other benÈfft from theirwork with the charty. Amy connection between a Trustee or senior manager of the charityvrith a produttK)nCOtnpany distributor. perfomieror exhibltor must beoisd05edto the full board of Trustees in the san* way as arry other contrattual ¥)ShiP with a related party. In the rrnt year, no such rekted party transattions weTe pOrted. REFERENCE AND ADMINISTRAThVE DETLs Registered Company numbvr 05626997 IEntsnd and Wales) R•8i4t•rad Ch3rJty 1113259 Registed office Market House 10 MarkÈt Walk saffron Walden E$5ex CBIO IJZ
Inde nderrt Examiner's Re Saffron Walden Commun rt to the Twstees of Cinema knm4tÈd Indepertdent examiner's reportto the Trustees of Saffron Walden Community Cinema LÉmited I'the CompanWI I report to Ihe charity Trustees on my examiftation of the accourrts of the Companyfor theyear ended 31 December 2022. Responsibllltles and basis ol report A5 the charity's Trtsstees of the Company land also its dirertors for the purp)se5 of company lèwl you are 5On$1bJe for the preparation of the accounts in accordance with the requirements of the Companies Act 2W6 Ilhe 26 Act'l. Having satisfied rny5elf that the accounts gf the Cofflpany are not required to be a4Jdtted under Part 16 of the 26 Act ènd are eligible for indEpendent examinatson, I report In respect of rny examination of your charity'5 accounts 35 carried out under section 145 af the Charitie5 Act 2011 lhe 2011 Art'l. In carrying Out my examination I have follow1 the directions given by the Charity Commi55ion under 5ettion 145151 Ibl of the 2011 Art. Independent examinerfs statement Sinceyour chèrr(y's gTOS5 income exceeded £250,(X)O your exarniner must be a member of a bDdy listed in sErtion 145 of the 2011 Act. I can confirm th8t l arn quaIrfi to undertakÈthe Exatnination iEcause l am a registered member of the Instrcute of Chartered Accountants in England and Wales which is one of the listed bod$ I have completed my e¥amination. I confirm thatno rnatters havecometo myattention in £onnÈctlOn WTth the examination &ving rne cause to believe.. accounting records were not kept in re5pert of the Company as required by section 386 of the 2006 Art.. or the accounts do not accord with those records,. or the accourTrts do not compty wrth the actntIng requirements of section 396 of the 2(K)6Art otherthan any requirement that the accounts give a truÈ and fair view which is not a matter considered as part of an Independent examination." or the accounts have not been prepared in accordance wsih the methods atKI winiiples of the Sraternent of Recommended Practicelor accounttng and reporting by charrlies leffettive l January 20191. I no eoncerns and have come across no other matters in connettionwith the examinationto which attention should be drawn in this report in ordertC enable a proper understsndingoé the accourbts to be reathed David Richardson ACA Croucher Needham Market House. 10 Market Walk. SaffrDn Walden, CBIO IJZ Instifute of Chartered Accountant5 In England and Wales DatE'. Page?
forthe Year Ended 31 DecMl021 31.12.22 Totsl fund5 31.12.21 Totsl funds UnRstrKted fvnds Restricted funds Note INCOME AP4D ENDOWMEln5 FROM Donatiofts and le8acies Charitsble artb¥itles nematic operations 7.872 7,872 5,517 243.374 29.481 272,855 293.457 Investment Income 1,129 Total 252,375 29.481 281.856 299,837 EXPENDITURE ON R315ing funds Charlt•bh •¢tldtl•s Clnematic operations 26.852 26B52 18.321 230.327 230,327 201.896 Other 67.761 32,061 9922 83.331 Total 324.940 32.061 357.SJ)I 303,548 NET INCOMEIIEXPENDITUREI 172,5651 12,5801 175.1451 13.7111 Tfan5fers betweenfunds li 3,rxiJi N•t mov•mènt In funds I75) 420 175,1451 13,7111 RECONCIUAnON OF AJNDS Total funds trouRhtforord 134.534 45,496 0.030 183.741 TOTAL FUND5 C*JIIIIED FOIIWARD 45,916 Thenotesfomi partof Vt5efina¥Kia 5tatemer
mtted 31.12.22 Totsi funds 31.12.21 Total unds Unrestrfcted funds Restritted fijnds Notes RXED ASSÉTS Tangible assets 24, 24.0 14,494 CURRENT ASSETS Stocks Debtors Investments Cash at bank 1.250 10,103 76,552 1,250 55,862 75,767 64,676 10.103 45.916 25.444 67.433 45.916 113,349 197.5 CREDITORS Amounts falling due w¢thin oneyear io 32.554 32.554 32.019 NET CURRENT ASSETS 3479 45,916 80.795 165.536 TOTAL ASSETS LÉSS CURRÉNT UABILMES 45.916 104.885 180.030 NEf ASSETS 58.969 45.916 104,885 180.030 FUNDS Unrestritted funds Restrirted fund5 li 58,969 45.916 134,534 45.496 TOTAL FUNDS 104,885 180.030 The notes form part ofthese financial stslemeThts Pa8e9 tind...
nema i•Mited At 31 Decthr The chariiabk company is entr(led to exempt from audit under Section 477 of the CfjMpanS Act 2LIJ6 for the year ended 31 December 2022. The members have not required the company to obtain aTraudr(of Iisffinantial 5taterrentsfwthe yearerHled 31 Drnber 2022 in accordance with Section 476of CompaniesAct 2W6. Thè Trustees acknowledge therr re5ponsitsiles for- ensurlng that the charitable company keeps aco)unting reccfdsthat compty with Section5 386 and 387of the Cornpanles Act 2006 and preparing flnancial 5tstements whkh tye a tyue athj falr vlew of the state of affairs of charftable cornpany a5 at the end of each linanoal year and of its yjrplus or deficit for eath financial year In actordance ¥th the reqijlrements of Settions 394 and 395 and othepi5e cornplywtth the requliements of the Cornpanles Att 2fy)6 relatlnB to flnanclal starements, $0 far a5 app1kats to the charitable company. These financial 5taternents h•¥e been prtpared In acmrdance wlth the prtrh5Dns appllcal)le to tharltable tompanle5 subject io the small Companies regime. The fIncIal staternents were •pproved by the Board of Trustees on ............. by.. and were signed on behalf -Truste• The IlorM partottlEsefinorThl statema Pale 10
Note5tothe AccouKnNG pouaES Basls of ?trfInamJal slatennts Thelinancial statementsotthe charitable company. whkh s a publtbenefft entty under FRS 102. have been prepad in accordance wlth the Charities SORP IFRS 1021 'Awntlng and Re% by CharitS.. Statement of Recommended Prattice applicab tocharities preparlTr8 thelr accounts in accortlèrt wlth the Financial Reportingstandard applicable in Ihe UK and Republic of Ireland IFRS 1021 leffecthe l January 20191.. FlnanEial ReportinB Standard 102 The Financlal Reportlng Standard applicab in the UK and RepublK of I10nd. and the CornpaTrE5 Act 2C4)6. The tinancial statements have been prepartd underthe historlcal costconvents)n. Golng Concern The Trustees have assessed whether the use of gdng tt$rrn Is approprlate and have consIded posslble events or ondltlons that migth cast $18nrfi£ant doubt on the abillty Oft charitsble comporyto contlnue a$ 8 80in8 concem. The Trustees have mède this assessTrI lor a period ol * beast one yeor from the date of the approval of these Ilnancial statement5. After rnakiry enquiries, the Yrustees have COe that there is a reasonable expectation that the charltable company has adequate resources to cortlnue In operatksnal existence tor the foreseeable future. The charitable cornpanytherefore Comlnues to 4(kpt the 8oln8 conr bas1$ In preparln¥ its Ilnanclal statements. In¢om• Income Is reco8nlsed when the tharity ha5 entitlement tothe fijnds. any perforn¥rKe condft6ons attached to thé i(èrnlsl of Income have been met, It Is probable that thè income wlll be T?. and the amount can be meaSUd rellably. Incornè frorn government and other 8r•nts, whether cal1 8rants or revenue 8rants. 15 reco8n15ed when the charty ha5 entrf(lement to the fvnds, any performantecondith)nsattachtdtothègrants been rrrt Itls probablelhatthe Income will be received. and the anKunt can be measured rellabty and Is not delerred. Incomè re¢elved In advance of a clnematt perfOrrnan Is delerred unEIi the crItea for Income rocognltlon are mèt. Intorne from clnernatkoperatbn515 the arrnunt derl¥ed from the provlsbn of goods and servlces, net of VAT. Government grants a ieco8nlsed at thetalf value of the asset receed orre¢d¥ablewhenthere Is reasonable assurance thai the 8rant condit1$ will be and the grantswlll be recelved. A 8rant that 5ce5 performance conditions is reco8nised in Incorne when the performance condition5 are met. Wher• grant dcs not specfy perkJrn)ance condthons11 is C0£•sed in Income when the proceeds are received or reteivable. A grant CeNed beforetht retO8nition urterra are 5atlsfied is recwised as a liabilty. Exp•ndltur• Liabilities are COgniSed as expendtture as won as the is a legal or ¢onstrurtNe obltgaton eornmittinE the char¥ to that expendlture. It is probable that a transfer of economic tenefits will be requId in settlement and the amount of the obl jation tan be measured reliabty. ÉxpeThJr(ure Is accounted for on an accruals basls and has been classlfied under headings that a88reBate all cost related to the category. Where costs cannffj be difttuy attributed to particular headin8S they have been allocated to aclivf(ies on a ba5iSCOnSi5tent with the use of resour$. T•rqlbl• flxed 09sets Deprecktbn Is praded atthe followlrvd annual rates in orderto wrlte off eath asset Tts estlrnated useful life. Prolettion equipment Seating and screen Fixture. fittirw & computers Motor vehlcle5 - 20%on cost and 11)% tsn co# - overthe Iwe oFthe license - 25% or¢ cost and 33% on cost - 25%on cost Pa8e 11
fimndal Staièmerts. u>ntinued fortht Yèar enthd 31 De(ember 2022 ACCOU1471NG I¥JUCIES- tortinwd 5tock5 Stocks are valued att iowerof cost and net realisable value. after rnan8 alh)wance forobsolete and slow rnoving items. Taxatlon The tharty Is exempt from corp)ration tax on h5 charitabactllthe5. Fund accourttl Unrestricted fund5 can be used ITh accordance wlth the charhable oblertlvesat the dlscretk)n of theTN$tees. Restricted fvnds can bt Used fof particular restrKted purFose5 ¥thin the objetts of the charity. Restrlctlons arise when specifled by thé donof orwhenlynds are ralsedforpartScyI restrkted purkh)ses. Further explanatlon ol the nature and purp05eof each fvjnd Is lnduded in the notes tothe flnandal statements. INVESTkffNT INCOME 31.12.22 31.12.21 Deposlt account Inte$t 863 NET INCOMEIIEXPENOITUREI Net InCorne/lexpendy0lI5 ststed after char81n{credltkn$): 31.12.22 31.12.21 Depreclatlgn- owned assets Independent examinatlon fee 7.301 1.5 7,360 TRUSTEES, REMUNERATION AND BENEFITS There were no Trustees. rernunefétion or Oiher LvbEfft5 tr Ihe yeor endeo 51 oecerntyer zuzz noi tuf tne year ended 31 December 2021. Trusteos, •xpÈnMs Travel costs and expense reiMlyJrsents amountinqto E10812021: £191 paid to 112021.. 11 Trustee. No Trustee, orother person reted tothecharlty hadzny persorwl Interest In any contrdLtortran5attkJn entered Into bv the charityi tl* year. STAFF COSTS The avera8e mOnthr numberof empk)yees durin8theyear was as folb)ws.' 31.12.22 23 31.12.21 22 AdministratK)n and front of hse No employees received emoluments In excess of £.1))).
Notes tothe Fina101 Staterrnts.£ontlntd lortheyear Ended 31 TANGIBLE FIXED ASSETS Proiecixjn Seating and FIXtsJ. flttlngs equlpment screen & computets MotorvèhK*s Totsls COST At l January 2022 AddtOn9 177,557 44,919 250,361 16,897 15,951 At 31 December 202Z 178,503 44,919 35.956 267,258 DÉPAEaATION At l January 2022 Charge for year 168.621 28 41.927 1.519 19.081 1.312 6.238 1.642 235,867 7.301 At 31 Decernr 2022 171.449 43.446 20,393 243,168 NET BKvALuE AI 31 DKember 2022 1.473 15,563 24.090 At 3L DKemter 2021 8336 2,992 924 1,642 14,494 srocK5 31.12.22 31.12.21 1.250 1.250 DE8TORS: AMOUNTS FALUNG DUE wmiiN ONE YEAR 31.12.22 31.12.21 Trade debtor5 Other debtor5 Pr•o•vm•nts 2.685 5,489 1.9?9 2,056 52,362 1.444. 10,103 55.862 CURRE14T ASSEf V4bESTMEN75 31.12.22 31.12.21 95 days. notice 35 days, notice 55.561 20,YJI 55.011 20.756 76,552 75.767 Page 13
ed rEth 31 De(ember2022 CREDITORS: AMOUNTS FAWNG DUEWITHIN ¢EYEAR 31.12.22 31.12.21 Deferred ticket Inco Trade cred&tors Social security afid otlErtsxe5 VAT Other creditors Accrued expenses lo,83 8.499 2.202 4.132 5,067 12,393 2.492 15961 524 12,139 6,437 32,554 32,019 ii. MOVEMÉ1 IN FUNDS Plet movement Transfers in funds between funds At l.L22 At 31.12.22 Unrestricted fund5 General fund Deslgnated fund 1(13,298 1715651 22,236 125,2361 58.969 134.534 17156SI 13.Cl)Jl 58,969 RettrfrtedfvAd$ Digvcal equlpment Audttorivrn fund BFI Sustainability Grant 4,529 40.%7 12.S801 1,949 43.967 45.496 115801 45.916 TOTAL FUNDS 180,030 175.1451 104.885 Page 14
Saffron W Cinerna L Notes nan¢iol forthèyear E ber2022 MOVEMENT IN FUNDS-(wtlwed Net ffK>vernent in fijnds. Induded In the atye areas folkms: Irthmiftg resources Resources expended Movement in fund5 Unrestrlcted fvnds General fun 252,375 1324.9401 172,565 Restrkted fvnd5 Digital eqUIpTht Auditorlum fund BFI Su5talnablllty Grant 12.5801 12.5801 29.481 129.4811 TOTAL FUNDS 281.856 357 fM)11 75,1451 Comp•r•tl¥esfor mobrMrt In fvnds Net rnovemeni Tr•n5tefS In fvnds bthetn fuTra5 At 1.1.21 At 31.12.21 Unr•strirt•d Funds General fund Deslgnated fur I13.1 25,236 11.6031 13,(MxII 109.298 25,236 139.137 IL6031 13,(ml 134.534 R•strf¢t•d Funds Digita5 equipment Auditorium fund BFI Su5tainabllty Grant 6.637 37,967 12,1081 4.529 40,967 111081 45,496 TOTAL FUNDS 183.741 13.7111 180,030 P4e IS
Ncts5 tothe A frKth•Yo•r Ernjtd 31 Derern ii. MOVÉMEPIT IN FUlIDS-(¢>ntired Comparative net moverrnt infuThJ¥ Included inthe a as folhm." IOrn1r resour5 Resources expended Movement Sn funds Unrestrlctedfvnds General fund 184,529 1186.1321 11,603 Restrfcled fund5 Digital equipnRnt Audltorlum fund BFI Sustalnabillty Grant 12.1081 12,1081 115.308 115,3081 115,3( 1117.4161 12,1081 TOTAL FUNDS 299.837 13,711) The Dlgklal equlpment lund represent lund5 spedfKalty ratsed to acqulre dl8tt•l ewipment. Expendtture represents the depreclatlon of the equlpmenL TheAudttorlumfund preSentsthe rnainten•nceof thèfabrltof theaud9rlyrnaThd bbby,asa8reed wkh Saffron Walden County Hlgh School, Thls fvnd represents Saffron knen'sannl net of expendltufe. The BFI Sustainèbility Grant repsentS fundin8 for allowable costs to be covered by the Cuhural Recovery Fund, a central government lundln8 programrne operated by the Brltish Fllm Institute. The fvjnd 15 to cover 105ses Incurred while the or8anisatlon operate5 at redutrd capa£6ty due to soclal distandw and restrltttd attendante. Tr•nsfers betweenlunds A5 per 3 licence a8reement between Saffron Walden Communltyclnema LImed and Saffron Walden Cgunty Hlgh 5th001, dated 17 January 2013, there Is a requlremeni for each organisation to contribute £3.Cl)O per annum into a fvnd for the maintenance cf the fabric ol ihe auditorlum and lobby. The iransfer of £3,OCQ between unrestritted and $trItted fund$ Iyr thry yv•r ended Ji Oectfftber 2022 i% Il a8ree¢ olsouiion ol funds to meet iu(uie costs In relaiiDn tu th15 aBrEÈmeni. Details of the restrlrted fund can be frnd In the notefor restrkwl fvnds. Page 16
Umlted I St*ments. continued fthe Yw Errfled 31 De¢ember 2022 RELATED PARTY DISCIOSURES There were no related partytransaetion5 forthe year ended 31 DKember 2022. Pa8e 17
Clnema Um rtof Flnandal ltxthe YarEnded 31 Decem 31.12.22 31.12.21 INCOME AND ÉNI)OWMEiirs Donatlons and legacles Friends of Saffron Screen Other donations 5,822 2,050 3.716 1.801 7.2 5,517 ID¥estment Income Deposlt account interest 1,129 863 Charltsble act[tIeS Income from admisslon char8es Refreshments Sponsorshlp ind advertlslnz Fundralsln8 events Grants Other income 194.607 36.280 107.616 18,186 4,011 32,S83 876 163,068 576 272.855 293,457 Tot•1 Incomln8 r•sourt 281.856 299.837 EXPENDITURE R•lslng domtlons •nd l•p¢l•s Marketln8 wa8e costs 26,852 18,321 Ch•rlt•blt •¢tl¥ftl•s Clnematic operation wa8e costs Refreshment purchases Dlstrlbutor fee5 software charges Ad4iiion•l tsoo)kln8 fEVJ Event and course costs Équ1pWnt repalrs 106.CM)2 16.292 82,570 126,543 9,556 48,942 4,777 8,863 75 3.140 12,099 186 5.773 230.327 201,896 Support costs MaA#8trNrtt Management W38e costs Insurance Telephorbe Postage and stationery Advertlsins and marketin8 Carried foTward 35,591 1.207 1.077 448 17,343 55,f66 31.679 1.365 1,278 506 11,778 46,606 Thls paRe does notfomi partoftt statutoryfin&*ial Sl•Ements Page 18
Detaiknl S offinarn1A(II fortheyear Ended 31 Decernber2022 31.12.22 31.12.21 Management 8rought forward Svndries IT co5 Travel and entertainment OffKe expenses Subscriptions arKI lirKe fees Van running costs 55.666 386 2.557 1.865 9,020 1,201 1,333 46.606 334 2.552 1.156 4,442 1.241 1.295 72,028 57,626 Flnanre Bank charge5 Other Depreciatio rJo¥emance costs Pr¢fessional fees Accountancyfees 8,026 6.723 7.301 7,360 10.967 10,122 L500 12.467 IL622 Total ¥esources expended 357,ODI 303,548 Net Idefldtl I suWu$ 175,1451 13,7111