Registered number: 8298751 Charity number: 1150757 LEWES COMMUNITY SCREEN {A company limited by guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Gsf.1&Co Griflifj StOnX5 Mogcrop & Co 100 YEARS
Docusign Envelope ID-. 12EF93EF-DAE44B61-BE04-F788EC2000A7 LEWES COMMUNITY SCREEN (A company limited by guarantee) CONTENTS Page Reference and admlnlstratlvo datails of the charitablè company, its trustees and advlsers Trustees, report Indop8ndent auditors, r8POrt on the flnanclal statements 7-11 Consolidated statement of financial activities 12 Consolldated balance sheet 13 Charltable company balance sheet 14 Consolidated statement of cash flows 15 Notes to th8 financial statements 16-35 Grfffln Stone Moscrop & Co CIIARThEDAXoUNW&RTWDAuDRS
Docu51gn Enveltspe ID.. 12EF93EF-DAE44B61-8E04-F788EC2000A7 LEWES COMMUNITYSCREEN (A company limited by guarantee REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trustaes Robert Norman Senior, Chair Sarah Frances Hunter J6r&my Neil Paoe Richard Stephen Powell Mikey Elizabeth Cuddihy Company reglstered number 8298751 Charlty reglstered numb8r 1150757 Registered office 18 Ke8r8 Str88t Lewes East Sussex BN7 1TY Principal operating office Depot Pinwell Road L8W8S East Sussex BN7 2JS Investment advlsors R.C. Brown 1 The Square Temple Quay Brislol BS1 6DG Independent audltors Griffin Ston& Moscrop & Co Chartered Accountants 21-27 Lamb's Conduit Street London WC1N 3GS Bankers Bank of Scotland plc 155 Bishopsgate London EC2M 3YB Solicitor8 Stone King LLP Boundary House 91 Charterhous8 Str8et London EC1M 6HR Page 1 Grlffln Stone Moscrop & Co cHATDIOlf®T1EDAULIT0Rs
DoGuslgn Envelope ID.. 12EF92EF.DAE4-4B61-BE04-F788EC2000A7 LEWES COMMUNITY SCREEN (A company Ilmlted by guarantee TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The trustees who are also the directors of the charitable company, present thgir annual report IDgelher with the audiled financial statements of th8 charitable company for the 1 April 2023 to 31 March 2024, The annual raport also serves the purpos8s of a directors, report under company law, The trustees confirm that the annual report and financial slatemenls Comply with the current statutory requirements, the Charities Act 2011, the Companies Act 2Q06, the requirements of the charitable company's governing document 8nd the provisions of the Statement of Recommended Practice (SORP), applicable to charities prgparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021. The charitable company also operates under the names Depol and The Depot Cinema. Objectlves and activities a. Policies and objectlves In 58tting objectives and planning for activities, the trustees have given due consideration lo general guidanc8 published by the Charity Commission relating to public benefit, including th8 guidance 'Public benefrt.. running a charity {PB2)'. By operaling a community cinema the charitable company will advance education in Ihe knowledge, und8rstanding and appreciation of the arts, particularly the art of f ilm and allied visual techniqu8s, in particular for the benefit of the inhabitants of the town of Lew8s and the surrounding area. b. Strategies for achievlng objectlves The Depot cin8ma offers an extensive programm8 of films and event5 which appeal to all age groups. The venue is regarded a5 the most environmentally sound in Ihe UK and has won awards for design and disability access, encouraging many elderly people to visit. Ticket pric8s are generally maintained at a low level, 8sp8cially for under 25s, which encourages young people to visit the cinema on a regular basis. The Depot also offers a range of educational courses and actively participal8s in a range of community events, working often with IDcal chariti8S. strategic report Achiev8m8nts and perfomiance a. Key perfomiance Indlcators The trustees do nol use key performance indicators in the traditional sense to measure the performance of the group., rather the following objectives ar8 set.. To operate a community cinema/arts venue, as close to full capacity as possib18, to enhance the availability of the arts in Lewes and in East Sussex in general, To op8rat8 the cinema and a programme of events without financial loss while maintaining a wid8 ranging programrne and low ticket prices,. and To operate a café-bar trading subsidiary to generate additional funds. To date this has not been achieved and the communty venue has been supported by private donations. Th8 goal is to make th8 trading subsidiary profitable enough to reduce or eliminate the need for private donations. Page 2 Griff in Stone Moscrop & Co a [[.RE0clvAlt51R£s5TEREOAxT
Docusign Envelope ID.. 12EF93EF-DAE4-4B61-BE04-F788EC2000A7 LEWES COMMUNITY SCREEN {A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Strateglc report {contlnued) Achlevements and performance (contlnuedl b. Review of actlvltle5 During the year the group received donations, sponsorship and grants of £4,412 and community cinema operations generated income of £1,178,446. Income generated by the subsidiary company in operating the bar and restaurant amounted to £1,223,009. Expenditure incurred by the group tolalled £3,070,645, of which £1,223,009 related to the 8ubsidiaiy company. The group's net expendrfcure for the year amount@d to £302.277. Fundraislng actlvities and Income generatlon The group does not carry out significant fundraising activities. d. Duty to promote the success of the charitable company to achleve Its charltable purposes The trust8es have throughout the year acted individually and collectively in the best interests of the charitable company and all its stakeholders. Specifically, tha trustees have established and maintained a code of Gonducl and strategy which promotes the short and longer-term interests of all stakeholders, Including beneficiaries, employees and customers, The strategy of the board has been designed to ensure the curr8nt and future success of th& charitable company, whilst respectinG and promoting its responsibilities within the film industry and wider social community. Flnanclal revlew a. Golng concern After making appropriate enquiries, the trustees have a r8asonable exp8Ctation that the group has adequat8 resources lo continue in operational existenc8 for the foreseeable future. For this reason, they continue fo adopt the going concern basis in preparing the financial statements. Furth@r details regarding the adoption of the going concern basis can be found in the accounting policies. b. Reservas policy The group has a res8rvs {currently around £4,000,000) invested with RC Brown Inv@stments Limited who have an ethical low-risk inveslmenl slralegy, The funds exist to support futur8 capital Inveslments, The reserves policy is reviewed annually. c. Prlnclpal risks and uncertainties The cinemalarts venue is well established in thé area and has proved extremely popular. Therefore th8 trustees do not envisage any risks to trading performance. d. Prlnclpal funding Principal funding has come from one individual. P8ge 3 Griffin Stone Moscrop & Co CFI4RTEPEDPLCQWONt5®ETEREDAUErfT(*5
Docusign Envelope ID.. 12EF93EF-DAE44B61-BE04-F788EC2000A7 LEWES COMMUNITY SCREEN (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Structure, governance and managem8nt a. Constltution Lewes Community Screen is registered as a charitable company and is constituted under a trust deed dated 19 November 2012, becoming a regist6red charity on 8 February 2013, number 1150757. Th8 principal object ofthe ch3rit£ble company is lo operate a community cinema. b. Methods of appointm8nt or olection of trustees The management of the Group and th8 Charitable company is the responsibility of the trus1&6s who are e18Cted under the terms of the trust deed. Truslees are selected on the basis of the relevance of their professional knowledge and experience relevant to the charitab18 company's aotivitl8S. c. Organisational structur8 and decision-maklng policles Significant decisions relating to th8 charitable company's operations, aclivities, systems and conlrols are made by the trustees, who m8et in person on a regular basis and communicat8 through electronic means as and wh8n necessary. The trustees have delesatad the day-to-day running of the charitable company to its administrator, on8 of the charitabl& company's employees, whose remuneralion packag8 is decided upon by the trustees bas&d on their knowledge of those provided by similar entities. d. Policles adopted for the Induction and training of trustees N8wly appointed trustees receive advice, as an induction, on the objeclives, aclivities and plans of the charitable company and on trustee r8sponsibilities (in particular through provision of the Charity Commission's publication The Esspnlial Twstee.. What you need lo know). e. Pay pollcy for k8y management personnel Remuneration of key staff is benchmarked against tyPlC81 r8tes of pay in the arts and hospitality industries. These are researched by the HR team on a regular basis. f. Risk management The truste8s have assessed the major risks to which thè Group and the charitabl8 company are exposed, in particular those related to the operations and finances of the Group and the charitable company, and are Satisfied that systems and procedures are in place to mitigate exposure to the major risks. Page 4 Griffln Stone Moscrop & Co CHAKrÈR¥DI£COUfNNtS®TlEDhuEHTOTrS
Docusign Enveltspe ID: 12EF93EF-DAEUB61-BE04-F788EC2000A7 LEWES COMMUNITY SCREEN (A Company limited by guarantee) TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Plans for futur• parlods Future developments The operation of the Depot continues to be a greal success. Since opening in May 2017 It has been one of the most successful cinemas in the UK in terms of seat bookings and community engagement and is one of the most eco cinemas in th8 world. Along with typical popular main8tr8am films The Depot operates a wide ranging programme which includes many world cinema releases that highlight significant social and political Issues, and it hosts a numb8r of special events and festivals. It is far less r8liant on blockbuster releases than most cinemas and 8xperiences good attendanGes across most films. It has become a highly popular community hub for Lewes and customers visit from across Sussex. Film audiences have now returned to strong levels after th8 aftennath of the Covid outbreak and°tentpole" films such as Paddington, Wick&d and Gladiator 2 hav6 brought in strong audiences. But th8 Depol has also seen good attendances for smaller independent films including regional productions, It continues to be an inclusive good value destination in line with its charilable aims. Th8 cafe-bar restaurant has also performed well with a focus on mar9ins and prof itability. The Trustees are confident that the Depot will continue to operate as a highly successful and popular venue whilst also meeting its charitable objectives. Statement of trustees, responsibilities The trustees (who are also the directors of the charitable Gompany for the purposes of company law) are responsible for preparing lh8 trustees, report including the strategic report anrj the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Cc)mpany law requires the trustees to prepare financial statements for each financial . Under company law, Ihe Iruslees musl not approve th& financial st8t8ments unless they are satisfied that th8y give a true and fair view of the stat@ of affairs of the Group and the charilable company and of their incoming resources and application of r8sources, including their income and expenditure, for that period. In preparing these financial statements, the trustees are required to= seleot suitable accounting policie5 and then apply them consistently,, observe the methods and principles ofth8 Charities SORP (FRS 102>., make judgments and eccounting estimat6S that are reasonable and prudent. state wh&th8r applicable UK Accounting Standards (FRS 102) have been followed, subject lo any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presum8 that the Group will continue in business. The truste@s are responsible for keeping adequate accounting records that are sufficient to Show and explain the Group and the charitable company's transactions and disclose with reasonable accuracy al any time the financial position of th8 Group and th8 charitable company and enable them to ensure that the financial statements Gomply with the Companies Act 2006. They are also responsib18 for safeguarding the assels of the Group and the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irr8gularities. Page 5 Griffin Stone Moscrop & Co {HPltrw.DACCOLM&EGTEREDAu[XT{I5
Docu81gn Envelope ID., 12EF93EF-DAE4-4B61-BE04-F788EC200DA7 LEWES COMMUNITY SCREEN (A company Ilmlted by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Dlsclosure of informatlon to audltors Each of the persons who are trustee5 at the time when this trustees, report is approved has confirmed that.. so far as that trustee is aware, there is no relevant audit infomiation of which Ihe charitable group's auditors are unaware, and that trustee has taken all the steps that ought to have b8en taken as a trustee in order to be aware of any relevanl audit information and to establish that the charitab19 sroup's auditors are aware of that infonnation. Approv8d by order of the members of th8 board of trustees and signed on their behalf by., Robert Norman Senlor Trustee Dale,, 19 December 2024 Page 6 Grtffin Stone Moscrop & Co cFED[coLA®1£.DAuE1rOIis
Docusign Envelope ID= 12EF93EF-DAE44B61-BE04-F788EC2000A7 LEWES COMMUNITY SCREEN {A company limited by guarantee} INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF LEWES COMMUNITY SCREEN Opinlon We have audited th8 financial statements of Lewes Community Screen (the 'par&nt charitabl& company,) and its subsidiary company (the 'group') for the ye8r ended 31 March 2024 which comprise the consolidated statement of financial activities, the consoSidated balance sh8et, the charitable company balance sh88t, the consolidated statement of cash flows and the related note8, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in tha UK and Republic of Ireland, (United Kingdom Generally Acc8p18d Accounting Praclice). In our opinion the financi81 statements.. give a tru8 and fair view of Ihe stale of the Group'8 and of the parent charitable company's affairs as at 31 March 2024 and of the Grcup's incoming resources and application of resources, including its income and expenditure for the year then ended., have be8n properly prepared in accordance with United Kingdom G&nerally Accepted Accounling Practice,. and have been prepared in accordance with th8 requirements of the Companies Act 2006. Basis for opinion We conduct8d our audit in accordance with Intemational Standards on Auditing {UK) {ISAs {UK)l and applicable law. Our responsibilities under thosè standards are further described in the Auditors, responsibilities for th@ audit of the financial statements section of our report. We ar8 independent of the Group in accordance with the ethical requirements that are relevant to our audit of the f inancial Statements in the United Kingdom, including the Financial Reporting Couricil's Ethical Standard, and we have fulfilled our other ethical responsibiliti8s in accord8nce with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provid& a basis for our opinion. Concluslons relatlng to going concern In audiling the financial statements, we have concluded that the truslees, us8 of the going concern basis of accounting in the preparation of the f inancial staternents is appropriate. Based on the work we have performed, we have not identified any material untsrtainties relating to events or Conditions that, individually or collectively, may cast significant doubt on the Group's or Ihe parent charitable company's ability lo continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities cf the trustees with respect to going concern are describèd in the relevant sections of this report. Page 7 Grlffin Stone Moscrop & Co CHInEDIOlTAmfs®lEFEDAU[YT
DoGuslgn Envelope ID.. 12EF93EF-DAE4-4B61-BE04.F788EC200DA7 LEWES COMMUNITY SCREEN {A company Ilmlted by guarantee INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF LEWES COMMUNITY SCREEN (CONTINUED) Other informatlon The oth8r information comprises the information included in lh8 annual report other than th6 financial statement8 and our auditors, report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the e)rtent otherwise explicitly stated in our report, we do not express any form of assurance conclusion Ihereon. Our responsibility is to read the other Infomiation and, in doing so, consider whether the other information is materially inconsistent with Ihe financial stat8ments or our knowledge obtsingd in the course cf the audit, or otheNise appears to be materially misstated, If we identify such material inconsistencies or apparent material misstatements, we are required to det8rmine wheth6r this gives rise to a material misstatement in the financial statements th8mselves. If, based on the work we have perfomied, we conclude that there is a mat8rial mi6Statem8nt of this other information, we are required to report that fact. We have nothing to report in this regard. Opinion on other matters prescrlbed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the trustees, report including the group strategic report for the financial y8ar for which the financial statements are prepared is consistent with the financial statements. the Iruslees, report and the group strategic report have been prepared in accordance with applicable legal requirements, Matters on which we are requlred to report by exception In the light of our knowlèdge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees, report including the group strategic report. We have nothing to repert in respect of the following matters in relation to which Compani8s Act 2006 requires us to report to you if, in our opinion: the parent charitable company ha8 not kept adequate and sufficient accounting records, or returns adequate for our audit have not b8en received from branches not visited by us; or the parent charitable company financial stalem8nts are not in agreement with the accounting records and returns., or certain disclosures of trust88s' remuneration specified by law are nol mad8,' or we have not received all the information and explanations we require for our audit. Page 8 Griffln Stone Moscrop & Co CWUW.DKCQUNTANT5®15TEREDALflTC115
Docuslgn Envelope ID.. 12EF93EF-DAE44B61-BE04-F788EC2000A7 LEWES COMMUNITY SCREEN (A company limited by guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF LEWES COMMUNITY SCREEN (CONTINUED) Responslblllties of trustees As explained more fully in th8 trust8es' responsibilitie8 Statement, the trust6e8 (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial Statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees detemiine is necessary to enable the preparation of financial statements that are f ree from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the Group's and th6 parent charitable company's ability to continue 8$ a going concern, disclosing, as applicable, matters related to gcing conG8rn and using the going concern basis of accounting unless the trustees either intend to liquidale th8 Group or the parent charitable company or ta ceas8 op8rations, or have no realistic alternatlV8 but to do so. Page 9 Griffin Stone Moscrop & Co CHAlfERED4Nr5sPE61EPf.0AWThS
Docuslgn Envelope ID.. 12EF93EF-DAE44B61-B&04-F788EC2000A7 LEWES COMMUNITY SCREEN (A company Ilmlted by guarantee INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF LEWES COMMUNITY SCREEN (CONTINUED) Audltors, rasponslbllltles for th8 audit of the financlal statements Our objectives are to obtain reasonable assuranc8 about whether the financial statements as a whole are free from material misstat&menl, whether due to fraud or error, and to ISSU8 an auditors, r8POrt that includes our opinion. Reasonable assurance is a high 18V@l of assuranc8, but is not a guaranlee that an audit conducted in accordance With ISAS (UK) will always detecl a material misstatement when it exists. Misstalem8nts can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statem8nts. Irregularities, including fraud, are instances of non-complianc8 Wlth laws and regulations. We design procedures in lin8 wilh our responsibilities, outlined above, to delect material misstatements in r8SP8Ct of irregularlties, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed b810w= - Enquiry of rnanagement and those charged with govemance., Reviewing financial statement disclosures and t8Sting to SUPPOrting documentalion to assess compliance. Performing audit work over the risk of management override of controls, inclLiding testing of journal entries., and other adjustments for appropriateness, evaluating the rationale of significant transacllons outside the normal course of business and reviewing accounting eslirrates for bias. As part of an audit in accordance with ISAS (UKI, we exercise professional judgment and main18in prof8ssional SC8Pticism throughout the audit, We also.. Id8nlify and assess the risks of material misstatement of th8 financial statements, whether due to fraud or error, design and parform audit procedures responsive to those risks, and obtain audit 6vidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not det8cling a material misstatement resulting from fraud is high8r than for one r6sulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresenlations, or Ihe override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit proc8dur6S that are appropriate in the circumstances, but not for the purpose of expressing an opinion of the effectiveness of the charitable company's internal control. Evaluate the 8ppropriateness of accounting policies used and the reasonableness of accounting estimates and relat8d disclosures made by the trustees. Conclude on the appropriateness of th8 trustees, use of the going concern basis of accounting and, baséd on the audit evidence obtained, whether a material uncertainty gxists related to events or conditions that may cast significant doubt on the charitab16 company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we ore required to draw attention in our auditors, report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on th8 audit evidence obtained up lo the dale of our auditors, report. However, future events or conditions may cause the Gharitable company to cease lo continue as a going concern. Evaluate the overall presentation, structur8 8nd content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. Obtain sufficient appropriate audit evidence regarding th6 financial infomiation of the entities or business activities within the Group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the Group audit. We remain solely responsible for our audit opinion. W8 communicate with those charged with governanGe regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we Page10 Griffin Stone Moscrop & Co CkWTEUJACCCU4TTS&nEfjTDALLuTQ15
Docusign Envelope ID.. l2EF93EF-DAE4-4B6l-BEF788EC20OOA7 LEWES COMMUNITY SCREEN IA company limited by guarantee} INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF LEWES COMMUNITY SCREEN (CONTINUED) identify during our audit. Use of our report This report is made solely to th8 charilable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 20D6. Our audit work has been undertaken so that we might State to th8 charilable company's members those matters we are required to stale to them in an auditors, report and for no other purpose. To the full8St extent permitted by18w, we do not accept or assume responsibility to anyone othar than the charitable company and its members, as a body, for our audit work, for this report, or for th8 opinions we have formed. Robert Smlth {senlor statutory auditor) for and on behalf of Griffin Stone Moscrop & Co Chartered Accountants statutory Auditors 21-27 Lamb's Conduit Street London WC1N 3GS Date,. 6 /1 /kyLr Page11 Griffin Stone Moscrop & Co CHAJiffflEDKcOUDrn&EGT&EDLIXTcS
Docusign Envelope ID.. 12EF93EF-DAE4-4B61-BE04-F788EC20QOA7 LEWES COMMUNITY SCREEN (A company Ilmlted by guarantee) CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Total funds 2023 Note Income from: Donations, sponsorship and grants Operation of a community cinema Income from subsidiary company Investments 723 1,178,446 1,223,009 85,105 3,689 4,412 1,178,446 1,223,009 85,105 1,251,245 975,651 1,081,701 87,353 Total inGom8 2.487,283 3,689 2,490,972 3,395,950 Expendlture on: Raising funds.. Expenditur8 on subsidiary company Investment management costs Charitsble activities 1,223.009 24,447 1,819,500 1.223,009 24,447 1,823,189 1,081,701 78 3,689 1,645,652 Total expenditure 3,066,956 3,689 3,070,645 2,727,431 Net lexpendlturellincome befor8 net gainslllosses) on investments Net gainslllosses) on investments 1579,673) 277,396 (579,673) 277,396 668,519 (514,755) Net movement in funds (302,277) (302,277) 153,764 Reconciliatlon of funds: Total funds brought forward Nel movement in funds 13,203,179 {302,2771 13,362 13,216,541 (302,277) 13,062,777 153,764 Total funds carrled forward 12,900,902 13,362 12,914,264 13,216,541 Page 12 Griffin Stone Moscrop & Co tHpRfEREOfvCCOUWPNts®BTEREDAVDmRS
Docusign Envelope ID.. 12EF93EF-DAE4-4B61-BE04-F788EC2000A7 LEWES COMMUNITY SCREEN (A company limited by guarantee) REGISTERED NUMBER.. 8298751 CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note Flxed assets Tangible assets Investment8 11 12 8,227,444 3,867.228 8,363,685 3,341,601 12,094,672 11,705,266 Current assets Slocks Debtors Cash at bank and in hand 13 14 15,759 343,947 647,413 16,611 822,751 807,991 1,007,119 1,647,353 Cr8ditors= amounts falling due within one year {187,527) {136,078) Net current asseis 819,592 1,511,275 Net assets 12,914,264 13,216,541 Charity funds Restricted funds Unrestricted funds 17 17 13,362 12,900,902 13,362 13,203,179 Total funds 12,914,264 13,216,541 The trustees acknowledge their re5ponsibililies for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial stslements were approved and authorised for issue by the trust88s and signed on their behalf by.. Robert Nornian Senior Trustee Date.. 19 Dec8mber 2024 The notes on pages 16 to 35 form part of these financial statements. Pag813 Grlff in Stone Moscrop & Co c114ERACcNT1NTS&PEQ5[EADF[o
Do¢usign Envelopo ID: 12EF93EF.DAE44B61-BE04-F788EC2000A7 LEWES COMMUNITY SCREEN {A company Ilmited by guarant88} REGISTERED NUMBER: 8298751 CHARITABLE COMPANY BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note Flxed ass8ts Tangible assets Investments 8,227,444 3,867,229 8,363,665 3,341,602 12 12,094,873 11,705,267 Current ass&ts Debtors Cssh at bank and in hand 14 367,247 591,436 890,211 712,930 958,683 1,803,141 Creditors.. amounts falling due within one year 15 (139,092) (91,8671 N8t current assets 819,691 1,511,274 Net assets 12,914,264 13,216,541 Charity funds Restricted funds Unrestricted funds 17 17 13,362 13,203,179 12,914.264 Total funds 12,914,264 13,216,541 The charitable company'8 net movement in funds for the year was £(302,277) (2023 - £153,764). The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial slatemenls. The financial statements were approved 8nd authorised for issue by the trustee5 and signed on their behalf by.. Rok)èrt Norman Senior Trustee Date.. 19 December 2024 The notes on pages 16 to 35 form part of these financial stalements. Page 14 Griffin Stone Moscrop & Co (HJATEDlNFN®1ElEDAUW£llS
Docusign Envelope ID.. 12EF93EF-DAE44B61-BE04-F788EC2000A7 LEWES COMMUNITY SCREEN (A company limited by guarantee) CONSOLIDATED STATEMENTOF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Note Cash flows from op8rating actlvltles Net cash provided by operating activiti&s 19 49,314 (19,598} Cash f lows from Inv8Stlng actlvlti8S Dividends, interesls and rents from investments Purchase of tangible fixed assets Proceeds from sale of investments Purchase of investments 86,105 87,353 (46,766) (109,9011 4,197,450 505,938 (4,445,681) 187,353) Net cash (used Inllprovid8d by investing activities (209.892) 396,037 Change In cash and cash equival8nts in the year Cash and cash equivalents at the beginning of the year 1160,578} 807,991 376,441 431,550 Cash and cash equivalents at the end of the y8ar 20 647,413 8Q7,991 The notes on pages 16 to 35 form part of th8se financi81 statements Page 15 Griffln Stone Moscrop & Co CHwERWALCNTAN1s1K£.rISTFREDAUD[rORS
Docuslgn Envelope ID.. 12EF93EF-DAE4-4B81-BE04-F788EC2000A7 LEWES COMMUNITY SCREEN IA company limit8d by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policiès 1.1 Basls of preparatlon of financial statements The financial statements hav6 been prepar8d in accordance with the Charities SORP IFRS 102) Accounting and Reporting by Charities.. Statement of Recomm6nded Practice applicable to charities preparing their accounts in accordance with the Financial Reporting standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2D19), th8 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 and the Companies Act 2006. The financial Statements are prepared in sterling, which is Ihe functional currency of the charitable company, and are rounded to the nearest £1. The pr8paralion of financial statements in compliance with the Charities SORP (FRS 102) and FRS 102 requires the use of certain crilical accounting eslimates, It also requires management to exercise judgem8nt in applying the charitable company's accounting policies (see Note 26). Lewes Communty Screen meets th6 definition of a public benefit entity under FRS 102, Assets and liabilities are initially recognised al historical cost or transaction value unless otherwise stated in the relevant accounting policy. The consolidated statement of financial activities (SOFA> and consolidated balance sheet consolidate the financial statem8nts cf the charitable company and its subsidiary undert8king. The results of the subsidiary are consolidated on a line by line basis. The charitable company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own statement of financial activitie8 in th8se financial statements. 1.2 Company status Lewes Community Screen is a company limited by guarantee. The members of th8 charitable company are bNo of the trustees named on page 1. In the event of the charitable company being wound up, the liability in respect of the guarantee is limited to £1 per member of the charitable ompany. 1.3 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the gen6ral objectivés of the Group and which have not been designated for other purposes. Designated funds comprise unr8slricted funds that have been set aside by the trustees for particular purpos8s. The aim and use of each designat6d fund is set out in the notes to the financial statements. R8Stricted funds are fund5 which are to be used in accordance with specific restrictions imposed by donors or which hav8 been raised by the Group for particular purposes. The costs of raising and administering such funds are charged against the sp8cific fund. Th8 aim and use of each restricted fund is set out in the notes to the financial stat8ments. Investment income, gains and losses are allocated to the appropriate fund. P8ge 16 Griffln Stane Moscrop & Co CFWITtPi.DXCoLNNt5®157EETrAwlT(Ms
Docuslgn Envelope ID: 12EF93EF-DAE44B81-BEO4F188EC2000A7 LEWES COMMUNITY SCREEN (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policies (contlnued) 1.4 Income Income is r8cognised at the fair value of Consideration received or receivab18 for donations and the sale of goods and services to customérs in the ordinary nature of business. Income generated by the parent company includes ticket sales, income from private screenings, and income from running cours8s and workshops (excluding value added tax). Tickel sal88 and income from private screenings are recognised as the film is shown. Income from running courses is recognised in the period to which it rela18S. Income generated by the subsidiary company includes sales of food and beverages (excluding value added tax). All income generated by the subsidiary company is recognis8d at the point of sale. Grants ar@ included in the consolidated statement of financial activities on a receivab18 basis. The balance of income received for specific purposes but not expend8d during the period is shown in the relevant funds on th8 balance sheat. Where Income is received in advance of @ntitlemant of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accruad. Income tax recoverable in relation to donations r8c8ived under Gift Aid or deeds of covenant is recognised at the timg of the donation. 1.5 Expendlture Expenditure is recognised once there is a legal or conslruclive obligation to transfer economic benefit to a third party, it is probab18 that a transfer of economic benefits will b6 requir8d in settlement and the amount of the obligation can be measured r8liably. Exp8nditure 18 classified by activity. The costs of each activity are made up of the tolal of direct costs and shared costs, including support costs involved in undertaking each activity, Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the charitable company. Costs of generating funds are costs incurred in attracting voluntary income. and those incurred in trading activit18S that raise funds. Charitable activities and governance costs are costs incurred on the charitable company's operations, including support costs and co¥ts relating to the governance of the company. Page 17 Griffin Stone Moscrop & Co cHAEt>1COub[AKs1RSlrRfDAUPS
Docusign Envelope ID.. 12EFg3EF-DAE44B61-BEO4n88EC2000A7 LEWES COMMUNITY SCREEN (A company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies {contlnued) 1.6 Going concern The Depot continues as a highly popular and Important community hub in L8wes. Following the po$t-Covid resurgence of cinema, attendances have b86n strong and the Depot's audiences are much higher than the national average. The trading Subsidiary continues to improve margins. A popular range of private and public events have continued to boost income. Th8 Trustees feel confident that the Depot will continue as a high5y successful going concem and as a well-regarded arts and community asset in Lewes and, and have therefore deem it appropriate fo prepar8 the financial stat8ments on a going concern basis. The trustees do not consider that a material uncertainty about th8 going conc8rn status exists. In making this assessment the trustees have considered the likely operating and trading conditions for a period of twelve months from th8 dat8 of approving these financial statements. 1.7 Basls of consolidation The financial statements consolidate the financial statemanls of Lewes Community Screen and its subsidiary company. The charitable company has tak8n advantage of th8 exemption contained within section 408 of the Companies Act 2006 not to present its own income and expenditur8 account. The net expenditure (2023 income) for the year dealt with in the financial statem8nts of the charitable company was £302,27712023 - £153,764). 1.8 Government grants Government grants relating to tangib18 fixed assets are treated as deferred income and rel88sed to the consolidated statement of financial activities over the expeGl&d useful lives of the assets concerned. Other grants are cr8dited to the Consolidated statement of financial activities as the related 8xpenditure is incurred. P8ge18 Grlffin Stone Moscrop & Co CkL4ATEREDXLuUNfAfS&RYfj5TEREPAUDmRs
Docu81gn Envelope ID., 12EF93EF-DAE4-4B61-BE04-F788EC2000A7 LEWES COMMUNITY SCREEN (A company limlted by guarant98) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 A¢counting pollcles Icontlnuedl 1.9 Tangible flxed assets and depreciation Tan9ible fixed assets are carried at cost, net of depreciation and any provision for impairment. At each reporting date the charitable company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined to be Ihe higher of its fair value18SS Costs to sell and its value in use. An irnpairment loss is recognised where th8 carrying amount exceed5 the recoverable amount, Depreciatlon 15 provided 81 rates calculated to write off the cost of tangible fixed assets, 18SS th6ir estimated residual values, over their expected useful lives on the following bas88.' Freehold property Equipment 2Q/o Straight line 250/0 straight line The assets, r8sidual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriste, or if there is an indication of a signrficant change sinc8 the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognis8d in the consolidaled statement of financial activities. 1.10 Interest recelvable Interest on ftjnds held on deposit is included when receivabl8 and the amount can be measured reliably by the charitabl8 company, this is normally upon nolific8tion of the interest paid or payable by thè institution with whom the funds are depostted. 1.11 Inv8Stm8nts Fixed asset investments are a form of financial instrument and are initially recognised at th8ir Iransaclion cost and subsequently measured at fair value at the balance sh88t dale, unless the value cannot be measured reliably in which cas8 It is measured at cost less impalmnt. Investment gains and losses, whether realised or unrealised, are combined and presentad as 'Gainsl(Losses) on inveslments, in the consolidated statement of financial activities. Investments in subsidiaries are valued at cost less provision for impaimi8nt. 1.12 Stocks Stocks are valued at the lower of cost and n6t realisable value after making due allowance for obsolete and slow-moving stocks. 1.13 Debtors Trade and other debtors are re¢ogni86d at the settlemant amount afler any trade di8count offered. Pr8payments are valu8d at the amount prepaid net of any trade discounts due. Page 19 Griffln Stone Moscrop & Co CPL&RTEREDKC(XATNNTS&REfASIEPEDPkKXt(xs
Docusign Envelope ID.. 12EF93EF-DAE4-4B61-BE04-F788EC2000A7 LEWES COMMUNITY SCREEN (A company limited by guarant88) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting pollcles (contlnued) 1.14 Cash at bank and In hand Cash at bank and In hand includes cash snd short-term highly liquid investments with a short maturity of three months or less from the date of acquisiticn or opening cf the deposit or similar account. 1.16 Liabilitlos and provisions Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will b8 required in settlement, and the amount of the settlement can be 8Stimated reliably. Liabilities are recognised at the amount that the charitable Gompany Snticipates It will pay to settle the debl or the amount it has receiv8d as advanced payments for the goods or servic8S It musl provide. Provisions are measured at the best estimate of the amounls required to settle the obligation. Where the effect of the time value of mon8y is material, the provision is based on the present value of Ihose amounts, discounted at the pre-tax discount rste that reflects the risks speoific lo the liability. The unwinding of the discount is recognised in the consolidated st8tement of financial activities as a finance cost. 1.16 Financlal Instruments The Group only has financial assets and financial liabilities of a kind that qualify as basic financial instrurnents. Basic financial instruments ar8 initially recognised at transaclion value and subsequently measur8d at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 1.17 Pensions The Group operates a defined contribution pension scheme and tha pension charge represents th8 amounts payable by the Group to the fund in respect of the year. Page 20 Griffin Stone MOscP & Co Cl.D(0LT®T.pArfTCS
Docusign Envelope ID.. 12EF93EF-DAEAk4B61-BE04-F788EC2000A7 LEWES COMMUNITY SCREEN {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Income from donations, sponsorshlp and granis Unrestricted Restrlcted funds funds 2024 2024 Total funds 2024 Total funds 2023 Donations and sponsorship Grants 723 723 3,689 1,250,330 915 3,689 Total 2024 723 3,889 4,412 1,251,245 Total 2023 1,250,330 915 1,251,245 Income from charltable actlvltles Unrestrlcted funds 2024 Total funds 2024 Total funds 2023 Operation of a community cinema 1,178,446 1,178,446 975,651 Total 2024 1,178,446 1.178,446 975,651 Total 2023 975,651 975,851 Page 21 Griffin Stone Moscrop & Co cHAkTDiEDIOuwA&REtFAWAuD
Docu8ign Envelope ID.. 12EF93EF-DAE4-4B61-BE04-F788EC2000A7 LEWES COMMUNITY SCREEN (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Investment income Unrestricted funds 2024 Total funds 2024 Total funds 2023 Incom8 from local listed investments Bank and other inter8sl 68,184 16,941 68.184 16.941 87,353 Total 2024 85,105 85,105 87,353 Total 2023 87,353 87,353 Investment management costs Unrestricted funds 2024 Total funds 2024 Totsl funds 2023 Investment managem8nt fees 24,447 24.447 78 Total 2024 24,447 24,447 78 Total 2023 78 78 Page 22 Grlffln Stone Moscrop & Co CItsRTEPEDACCWNII*IREG1S1[iT(
Docusign Envelope ID.. 12EF93EF-DAE4-4B81-BE04-F788EC2000A7 LEWES COMMUNITYSCREEN (A company limited by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysls of expenditur8 on charitable activltles Summary by fun(1 typo Unrestrlcted Restrlcted funds funds 2024 2024 Total 2024 Total 2023 Operation of 8 community cinema 1,81S,500 3,689 1,823,189 1,645,652 Total 2024 1,819,500 3,689 1,823,189 1,645,652 Total 2023 1,644,737 915 1,645,652 Summary by 8xpenditure type Depreciatio n Other costs 2024 2024 Staff costs 2024 Total 2024 Total 2023 Operation of a community cinema 655,720 182,628 984,841 1,823,189 1,645,652 Total 2023 606,136 158,407 881,109 1,845,652 Page 23 Griffin Stone Moscrop & Co ci.wrwDXCCU4T*Nfs®STEDAlET
Docuslgn Envelope ID.. 12EF93EF-DAE44B61-BE04-F788EC2000A7 LEWES COMMUNITY SCREEN {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 NtARCH 2024 Expenditure on general charltable acllvltles Activities undertaken dlrectly 2024 Grant funding of actlvlties 2024 Support costs 2024 Total funds 2024 Total funds 2023 Operation of a community cinema 1,198,572 4,622 621,995 1,823,189 1,645,652 Totsl 2023 983,295 3,077 659,280 1,845,652 Analysis of direct costs Operation ofa communlty clnema 2024 Total funds 2024 Total funds 2023 staff costs Operating expenses Film and other direct expenses Ticket processing charges Conf8Ctionery, catering etc 611,558 28,074 485,773 46,829 24,538 611,558 28.074 485.773 46,629 24,538 489,485 66,303 375,034 28,862 23,e11 1,196,572 1,196,572 983,295 Page 24 Griffin Stone Moscrop & Co cHAED0lNfNfstREGT8lEDAuD1T(
Docusign Envelope ID.. 12EF93EF-DAE44B61-BE04-F788EC2000A7 LEWES COMMUNITY SCREEN {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Expanditurg on goneral charitable activitios (continuad) Analysls of support costs Operalion ofa communlty cinema Total funds 2024 Total funds 2023 2024 staff costs Websit8 hosting and maint8nance Advertising and promotion Legal and professional f8es Insurance 44,162 182,628 11,852 5,762 32,591 31,333 15,573 10,707 2,173 861 128,343 5,391 46,528 57,752 20,856 3,632 11,288 3,008 359 7,200 44,162 182,628 11,852 5,762 32,591 31,333 15,573 10,707 2,1 73 861 128,343 5,391 46,528 57,752 20,856 3,632 11,286 3,006 359 7,200 116,651 158,407 6,525 33,980 34,901 13,093 11,683 2,284 1,920 106,116 6,564 69,917 53,Q58 15,659 7,976 11,414 2,649 Prof8ssional fees Audit and accountancy fees General office expenses Bank charges Entertainment Light and heat T@lephone and internet Repairs and maintenance Cleaning IT software and consumables Staff training and recruitment Amortisation Travel Loss on disposal of fixed assets Auditors, remuneration - audit 6,480 621,995 621,995 659,280 Page 25 Griffin Stone Moscrop & Co CHARTEREDAcP&TANTSEsTERED1T
Docuslgn Envelope ID.. 12EF93EF-DAE4-4B81-BE04-F788EC2000A7 LEWES COMMUNITY SCREEN IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Trust8es' r8mun8ration and 8xpens88 During the year, no trustaes received any remuneration or other banefits (2023 £NILI. During the year ended 31 March 2024, no trustee expenses hava bean incurred12023 - £NIL). Auditors. remunèration Auditors, remuneration of the group comprises audit fees of £11,100 {2023 £8,700) and accountancy and payroll charges etc of £18,173 {2023- £16,273). Auditors, remun8ration of the company comprises an audit fee of £7,200 (2023 £8,480) and accountancy and payrcll charges etc of £15,573 (2023 - £13,093). 10. staff costs Group 2024 Group 2023 Company 2024 Company 2023 Wages and salaries Social Security costs Other pension costs 1,223,735 91,558 25,551 1,099,763 80,681 22,236 582,318 47,851 25,551 543,306 40,594 22,236 1,340,844 1,202,680 655,720 606,136 All 6mployees are employed by the charitable company. However, stalf costs specifically relating to the trading subsidiary are recharged by the charitable company to the trading subsidiary under a Shared Resources Agreement. During the year, such costs amounted to £685,12412023 - £596,544) and have been netted off in arriving al the figures in the Companw, columns abov@. The average numbor of persons employed by the charitsble company during the year was as follows: Group 2024 No. Group 2023 No. Administration and management Bar and restaurant 25 44 24 46 69 70 No employ88 received remuneration amounting lo more than £60,000 in either year, Key management personnel, ccinsidered lo be the board of Trust8es and the Creative Director, received total remuneralion in the year, including employee benefits, of £64,7DO (2023 £64,169). Page 26 Griffin Stone Moscrop & Co (HAjThEDIQlMLREGTEIIEDAlLIT(ll1
Docuslgn Envelope ID.. 12EF93EF-DAE44B61-BE04-F788EC2000A7 LEWES COMMUNITY SCREEN {A Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 11. Tangible fixed assets Group and Company Freehold Equlpment property etc Total Cost At 1 April 2Q23 Additions Disposals 9,113,514 743,190 46,766 {15,166} 9,856,704 46,766 (15,166) At 31 March 2024 9,113,514 774,790 9,888,304 Depreclati¢n At 1 April 2023 Charge for the year On disposals 842,905 145,903 650,134 36,725 (14,807 1,493.039 182.628 {14.807) At 31 March 2024 988,808 672,052 1,660,860 Net book value At 31 March 2024 8,124,706 102,738 8,227,444 At 31 March 2023 8,270,609 93,056 8,363,665 Page 27 Griffin Stone Moscrop & Co cFMTEIEDXCOU®STEREDALr01S
Docusign Envelope ID., 12EF93EF-DAE4-4B61~BE04-F788EC2000A7 LEWES COMMUNITY SCREEN IA company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12. Flxed asset Investments Investment in subsldlary Llsted undertaklng Investments Total charitable company Cost or valuatlon At 1 April 2023 Additions Disposals Revaluations 3,341,601 3,341,602 4,451,369 4,451,369 14,132,070I {4,132,0701 206,328 208,328 At 31 March 2024 3,867,228 3,867,229 The investment in subsidiary undertaking relates to 1 ordinary share of £1 in Lewes Community Screen (Trading) Limited (company number 10698777), representing 100'h of the issued share capital of that company. During the year Lewes Community Screen (Trading) Limited generated a profit of £nil {2023 - the same), comprising turnover of £1,223,009 (2023 £1,081,701) less 8xpenditure of £1,223,009 12023 £1,081,701). Al 31 March 2024 Lewis Community Screen (Trading) Limiled's net assets totallecl £1 {2022 the same), comprising total assets of £71,738 (2023 - £111,672) less total liabilities of £71,735 {2023 £111,671). 13. Stocks Group 2024 Group 2023 Food and wet goods 15,759 16,811 Page 28 Grlffln StCA)e Moscrop & Co CIIAKM£.DKCCWTAf4&EfjFTETrEDAUB{TIJ
Docu81gn Envelopo10'. l2EF93EF.DAE4.4B61.BEF788EC20OOA7 LEWES COMMUNITY SCREEN IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 14. DebtorJ Group 2024 Group 2023 Company 2024 Company 2023 Due wlthin one year Trade debtors Amount ow8d by group undertaking oth8r debtors Pr8paym8nts and accru8d incoma Tax recov8rabl& 11,711 6,331 11,711 23.300 293,309 38,927 6,331 67,460 539,144 27,276 250,000 293,309 38,927 539,144 27,276 250,OOD 343,947 822,751 387,247 890,211 15. Creditors: amounts falling due Nwthin one year Group 2024 Group 2023 Company 2024 Company 2023 Trade creditors Other taxation and social s8curity Other creditors Accruals 75.655 64.490 4,474 42,908 62,879 25,514 7,699 39,988 33,120 64,490 4,474 37,008 23,968 25,514 7,699 34,686 187.527 138,078 139,092 91,867 16. Flnancial Instruments Group 2024 Group 2023 Company 2024 Company 2023 Financial assets Financial assets measur8d at fair valua through income and expenditure 647,413 807,991 591,436 712,930 Financial assets measured at fair value through income and expenditure comprise cash at bank and in hand (2023 - the same). Page 29 Griffin Stone Moscrop & Co (WR1EREDA£wPirSI5TEREDulTcTh5
Docuslgn Envelope ID,, 12EF93EF-DAE44B61-BE04.F788EC2000A7 LEWES COMMUNITY SCREEN IA company limit8d by guarant88) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 17. Statement of funds Statement of funds - current year Balance at 31 March 2024 Balance at Aprll 2023 Transfers inlout Galnsl (Losses Income Expenditure Designaled funds Fixed assets fund 8,363,666 {136,222 ,227,443 General funds General fund 4,839,514 2,487,283 {3,066,956} 136,222 277,396 4,673,459 Total Unrestricted funds 13,203,179 2,487,283 (3,068,956} 277,396 12,900,902 Restricted funds Dementia Friendly Screenings Food Wast8 Education Mental Health on Film Views of the Netherlands Powell & Pressburger 7,752 7,752 1,644 1.644 3,966 3,966 1,189 {1,189) 2,500 {2,500) 13,362 3,689 {3,689) 13,362 Total of funds 13,216,541 2,490,972 {3,070,64S) 277,396 12,914,264 Page 30 Griffln Stone Moscrop & Co CAtyRTEACc[X*ITANTS&TEWAL)[
Docusign Envelope ID.. 12EF93EF-DAE44B61-BEO&F788EC2000A7 LEWES COMMUNITY SCREEN (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 17. Statement of funds (continued) statement of funds - prior year Balance at 31 March 2023 Balance at 1 April 2022 Transfers Inlout Gainsl (Losses) Income Expenditure Unrestricted funds Designatèd funds Fixed assets fund 8,412,174 (48,509) 8,383,685 General funds General fund 4,637,241 3,395,035 (2,726,516) 48,509 (514,755) 4,839,514 Total Unrestrlcted funds 13,049,415 3,395,Q35 (2,72e,51e) {514,755) 13,203,179 Restricted funds Dementia Friendly Screenings Food Waste Education Mental H8alih on Film Memorial Bench 7,752 7,752 1,644 1,644 3,966 3,966 915 (915) 13,362 915 (915) 13,382 Total of funds 13,062,777 3,395,950 {2,727,431) (514,755) 13,216,541 Page 31 Grlffln Stone Moscrop & Co CPWITBEDKCMTAN151KLGISIEW#LI)TtCP5
Docusign Envelope ID.. 12EF93EF.DAE44B61-BEO4F788EC2000A7 LEWES COMMUNITY SCREEN (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 17. Statement of funds (continued) The designated fixed assets fund represents an amount Set aside by the trustees equal to the net book value of the charitable company's intangible and tangible fixed assets. The general fund represents the group's free reserves, after allowing for the designated fixed assets fund. The transfer of £136,222 {2023 £48,509> from the red assets fund to the general fund is an amount equal to th& amortisation and depr8Cl8tion charg8s relating to th8 y8ar, n8t of the charitable company's expenditure on intangible and tsngible fixed assets and subsequent disposals during the year. The Mental Health on Film fund is supported by Film Hub North, and represents funding to enhan marketing plans and digital assets, and to create publicity opportunities lo maximise audiences for the Young Film Programmers project. Th& Dementia Friendly Scr88nings fund is supported by Lewe8 Town Council, and repre88nls income and expenditure relating to the provision of screenings for people living with dementia in and arcund Lewes. The Food Education fund is supported by October Feast, an initiative that has now changed hands, and represents income and exp8nses relating to the running of an educational film prcduction programme which is aimed at raising awareness about *ood wastage. As a result of the COVID-19 pandemic, the programme has been temporarily paused and will be restarted once it is consid8r8d safe 8nough for young people to resume working together at the Depot. The Views of the Netherlands fund is supported by th8 Embassy of the Kingdom of the Netherlands and represents funding to Screen and host a Q&A of Dutch cinematography, namely Shabu ancE Silence of the Tides. The Powell & Pressburger fund is supported by Film Hub South East (BFI Film Audience Network and the National Lottery) and represent funding to celebrate the careers of two British filrnmakers, Michael Powell and Emeric Pressburger. The Memorial bench fund is supported by a donation towards the installation of a memorial bench in the Depot's garden. Psge 32 Griffin Stone Moscrop & Co I[@£cauAFJ[51RwsfQNAu
Docusign Envelope ID.. 12EF93EF-DAE44B61-BE04-F788EC2000A7 LEWES COMMUNITY SCREEN (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 18. Analysls of net assets between funds Analy818 of net assets between funds - current period Unrestrlcted Restricted funds funds 2024 2024 Total funds 2024 Intangible fixed asset Fixed asset investments Current assets 8,227,444 3,867,228 993,757 1187,5271 8,227,444 3,867,228 1,007,119 1187.5271 13,362 Cr6ditors due within one year Total 12,900,902 13,362 12,914.264 Analysis of net assets b8twe8n funds - prior period Unrestricted funds 2023 Restricted funds 2023 Total funds 2023 Intangible fixed assets Fixed asset investments Current assets Creditors due within one year 8,383,685 3,341,601 1,633,991 {136,078} 8,363,665 3,341,601 1,647,353 (136,078) 13,362 Total 13,203,179 13,362 13,218,541 Page 33 Griff in Stone Moscrop & Co (j41.AcCNYAPTrEG5TERED1Ts
DoBuslgn Envelope ID,, 12EF93EF-DAE4.4B61-BE04.F788EC20DOA7 LEWES COMMUNITY SCREEN IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 19. Reconcilialion of net movement in funds to nel Gash flow from operatlng activltles Group 2024 Group 2023 Net incomelexpenditure for the period las per Statement of Financial Activities) (302.2771 153,764 Adjustments for: Depreciation charges (Gains)Ilosses on investments Dividends, interests and rents from investments Loss on the sale of fixed assets Decreasel(increase) in stocks Decreasel(increase) in debtors Increase in Creditors 182.628 1277,396) {85,105) 359 852 478,804 51,449 158,407 514,755 {87,353) 13,392) {779,846) 24,056 Net cash provided byllused in) operating activities 49,314 (19,596} 20. Analysis of cash and cash equivalents Group 2024 Group 2023 Cash in hand 647,413 807,991 Total cash and cash equlvalents 647,413 807,991 21. Analysis of changes in net debt At 1 April 2023 Cash flows At 31 March 2024 Cash at bank and in hand 807,991 1160,878 647,413 807,991 1160,5781 647,413 Pag8 34 Grlffln Stone Moscrop & Co (HAmEDXwUMAsstDIEDULYT0RS
Docuslgn Envglope ID: 12EF93EF-DAE44B61-BEWF788EC2000A7 LEWES COMMUNITY SCREEN (A company limited by guarantaa) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 22. Pension commitm8nts Thé group operates a defined contribution pension scheme. The assets of the scheme are held 8eparately from those of the group in an independently administered fund. The pension cost ¢harge represents contributions payable by the group to the fund and amounted to £25,551 {2023 £22,236), Contributions totalling £4,16912023 - £7,1 14) were payable to the fund at the balance sheet date. 23. Controlling party and key management personnel The charitabl8 company is controll8d by bNo of the trustee5, who are its only members. Whilst the trustees are responsible for the overall management of the charitable company, as detailed in th8 truslaes, r8POrt, the day-tD-day running of the Charity is delegat6d to the administrator, one of the Drganisation's employees. General Informatlon Lewes Community Screen is a charitable company incorporated and registered in England and Wales. Its registered office address is 18 Keere Stre&t, L8wes, East Sussex, BN7 1TY. 25. Judgements in applying accounting policies and key sources of 8Stimation uncertalnty In the application of the charitable company's accounting policies, the trust86s are required to make jL4dgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are ba8ed on historical experienc8 and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimales and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which Ihe estimate is revised, if th8 revision affects only that period, or in Ihe p8riod of the revision and future periods if Ihe revision affects both current and future periods. However, there are no judgements or assumptions that have a significant risk of causing material adjustment. Page 35 Griffin Stone Moscrop & Co tTED(cvlTT5lREGETEkEDALAT(