SIGNAL FILM & MEDIA ANNUAL REPORT 2020- 2021 rT LEGAL AND ADMINISTRATIVE Trustees Ms K J Kolbe Ms L A R Slater MsKMBird Ms H J Watson Mr C J Barnes Ms B Burkeman Ms H Wall Ms N Wealleans-Turner Ms J L Swales Mr D J Foster Company Number 06606718 Registered Off ice Cooke's Studios 104 Abbey Road Barrow-in-Furness LA14 50R Independent Examiner Melville & Co Unit 17-18 Trinity Enterprise Centre Furness Business Park Ironworks Road Barrow-in-Furness LA14 2PN Secretary Ms KJ Kolbe Charity Number 1152012 3 WELCOME TO Slgnal Film & Media Is an award-winnlng charity providing creative film and digital media activities from its base at Cooke's Studlos on Abbey Road in Barrow-In- Furness. Since 2008 It has built a unique resource for thousands of people of all ages and backgrounds to access free facilities, events, professional trainlng and hands-on experlence In fllm. dlgital arts and creative digital media. Facilitles Include tralning rooms, edlt suites, exhibition and screening spaces. The charity works extensively with Barrow and Curnbrias most Isolated and deprived resldents, uslng the arts as a tool to build confidence, skills and self esteem. Along- side Its programme of participation activl- ties it also provides residencies for artists to produce new work and a mentoring scheme which supports the development of emerging local talent with the aim of creating a vlbr8nt fllm and arts culture In the area. CO- DIRECTOR'S STATEMENT COVID 19 had a huge impact when it hit. as our Still. we piloted many innovative approaches in deliv- programffle of work at that time was all delivered ering creative photography and digital workshops to face to face- most disappointingly we had to cancel very vulnerable adults. with final group exhibitlons all our most ambitio*Js project yet, the West Coast online, and an incredibly dedicated group of 21 adults Photo Festival, which was due to launch in the last spending IOOS of hours cataloguing the Sankey week of March 2020 with 14 exhibitions across Archive online ès part of our HLF project. Cumbria and a huge community engagement programme of WOTkshops and courses with IOOS of The postponement of ACE NPO for at least a year is parilcipants. another major external change that's affected *Js as we'd prepared ourselves to apply- but on the plus slde However, after postponing the festival we assessed at least we have more time to prepare the best how we could adapt our delivery to work with people application possible. online, and quickly found that the dem8nd to take part remotely was vast.. so instead of f urloughing The Black Lives Matter fflovement was a major event staff. we entered whavs been our busiest perlod that our staff felt impassioned by, spurring us to ever. action to ensure Cumbria's arts response was strono and meaningful. Our team led an action research We negotiated new agreements with all our funders project to help improve representation and inclusion and evolved new ways of working- f rom using Zoom of BIPOC artists and audiences, and we instigated the and Facebook Live for delivery to building online formation of an Arts Focus Group as part of our exhibitions and introducing rernote mentoring 8nd fflembership of the newly formed Anti-Racist Cumbria volunteering practices., sent IOOS of packs of group. We also ran all-staff training in subconscious materials to participants in the post and using bias and have a new target of engaging at least 25% blended approaches to learning whenever BAME delivery tutors and participants across all lockdown allowed socially distanced face to face. activities. We struggled to rneet demand as the need Internally we have chosen to see the challenges pre- increased across all projects, but were thankfully sented by COVID-19 as an opportunity to transforrn our able to expand our work thanks to COVID-specific digital and online olfer into a Cltstom designed, support funds granted via ACE Emergency & needs-focused provision that delivers the most Recovery tranches1 £35,000 & £75,0001- National accessible and meaningful experiences possible Lottery I£IO,0001, Cumbria Community Foundation within the limitations of the medium. We have piloted 1£S.0001 and Cumbria Police Commission1£5.0001. and developed lots of new ways to engage with iJnder- represented audiences in digital spaces to ensure Unfortunately the Impact of Covid was felt the we're breaking down barriers to access young people strongest when it came lo the development of our and adults who might normally be excluded for adult programme. Whilst a good many still joined economic, well-being or diversity-related reasons. online activities, it definitely limited the reach and Our team has done some incredible work, with a lot of ambition of our work. strain on resources and staff but worthwhile, amazing resultsl Kerry Kolbe & Loren Sloter 2020-21 people engaged across all of our in-person activities on site and out in the community, including training, screenings, workshops, OUR YEAR IN NUMBERS 2,604 0 556 participants took part in training activities1441 young people and115 40 children and young people gained nationally recognised'Arts Council England., Arts Award & NCFE Qualifications 175 place as a mixture of online and in-per- son major nationallregional news and media outlets featured our work. peoplevolunteered theirtime to support our projects. Screenings, Awards & Profile Raising A key value of our organisation is enabling local people to co-produce A professional standard of work that garners recognition on a regional, nati onal and i nternational stage. Each yearfilms made in Barrow and Cumbria are accepted into filrn festivals and shown to audiences around the world. Learner (Aprll 2019) was made by16-19 year old first-time film- makers a5 part of our BFI Film Academy 2018-19. It is a short comlng-of-age film about the challenges faced by a daughter In galnlng Independence when living rurally on the west coast of Cumbria. SCREENED AT: Dorklng Fllm Festival, UK, April 2020 Ufa Youth Short Film Festival, Bashkortostan, Russia, May 2020 .JJJ. PEM KS**￿￿*1 05pi¢y5hDrt FilmAw0￿% BIKY J/4 PENGUINS FROM OUTTA SPACE was created by 8-11 year olds attendin f ree hol iday workshops in 2017-18 as part of our Signal Starters cohort. An anlmated clay-matlon cosmic Christmas tale about cuiiosity and festive wishes. SCREENED AT: Online at Animator FEST- European Youth Festival of Animated Film, September 2020. C]LllllJB NO FIXE NO was a multimedia 'visual poem, created by deprived young people aged 16-19, addressing the issue of youth homelessness and sofa surfing. Made in partnershipwith Nightstop Cumbria and DePaul UK and used to promote the work of these national charities. SIGNAL FILM ACADEMY FILM&MEDIA was made by16-19 year old flrst-time f ilmmakers as part of our BFI Film Acade- my cohort in 2019-2020. It's a 1920's period drama which follows 3 mysterious figures competing in a high-stakes heist at the ironically-named titular venue. First-Time Filmmaker Sessionsllst • White Unicorn International Film Round onlinel, May 2020 Festival. Kolkata, India, Nov 2020 Four River Film Festival, Karlovac, Croatla, September 2020 WINNER.. Best Actress (Celeste Zollinol SCREENED AT: Online at Animator FEST- European Youth Festival of Animated Film, September 2020. 2021 UK Seasonal Short Fil Festival (Honourable Mention) Cinemagic Belfast - Young Filmmaker 2020, October 2020 RAISING OUR PROFILE BRITISH ACADEMY FILM AWARDS Signal Film and Media continued to raise its profile in 2020-2021 with activities featuring in local, regional and national pres.s, radio and TV. Highlights included: Director Kerry Kolbe was nominated for a BAFTA for writing the script for the animated short film 'The Fire Next Time, inspired by the 2011 London Riots. Signal Kilm & Media's Kerry Kolbe 'thrilled' at BA￿A nomination BBC NORTHWEST TONIGHT Members of the team discussed the BFI Film Academywith Arts Presenter Helen Millican on BBC Radio Cumbria in August 2020. BBC RADIO CUMBRIA The Sankey exhibition 'Scenes of Winters Past, was showcased on BBC News twice during prime time in December 2020. NEWS O?Jooaiz knu1¥p￿i0n> >> >> J6SSll¢A Ell MAll HÉ POOL ARK THÈ POCIL JENNYWATTS- 24 DIGITAL FOREST- Nature is Ours: Forest of Cultures ti,: 20 participants Grizedale Forest and Signal Film and Media, with support from Art Fund, commissioned the digital artist and curator Jessica El Mal to create a new, online participatory artwork responding to Grizedale Forest in Cumbria. y9￿}rm￿&t0AYS ISTRICT The Digital Forest Project captured a truly unique moment in time as visitors slowly returned to the forest and once again reconnected with nature. This project was designed so that underrepresented groups were very much part of the reconnection. Through a process of socially-distanced workshops and online zoom workshops the forest was opened up to become the gallery, studio and playground forall as new relationships were formed through digital media and creativity. View the online artsite: https:Ilforestofcultures.coml ,. F&st of FUNDERS We are hugely grateful to all our funders: Alex Scott & Family Arts Council England British Film Institute Cadent Foundation Charities Aid Foundation Children in Need Clothworkers. Foundation Copeland Community Foundation Cumbria Community Foundation Cumbria County Council Cumbria Police & Crime Commissioner Community Fund Esmee Fairbairn Foundation Francis C Scott Charitable Trust Granada Foundation Isla Foundation National Lottery Paul Hamlyn Foundation People's Health Trust Screenskills The Sir John Fisher Foundation Tudor Trust Westmorland Arts Trust 26 FINANCIAL REVIEW funding, they will be able to continue the charitls current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. Ms KJ Kolbe Ms L A R Slater- Chalr MsKMBird Ms H J Watson Mr C J Barnes Ms B Burkeman Ms H Wall Ms N Wealleans-Turner (Appointed 23 Sep 20201 MSJ L Swales (Appointed I l Dec 2020) Mr D J Foster (Appointed l O Dec 2020) by Slmon Oram. Melvllle & Co. (Resigned 22 Jul 20211 The results forthe year are summarised in the statement of Financial Activities (income and expenditure account) on page 13. Incoming resources increased by £68,651116/.Ito £502,294, mostly in respect of unrestricted income. The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. The Board consists of people with considerable interest and experience in the arts, who are able to draw on their past experiences at a senior level in relevant disciplines. Expenditure totalled £350,422, an increase of £24,83118/1. This lead to an increase in the total fund balances of £151,871 in the year. They now total £288,548 of which the General Fund lunrestrictedltotals £120,332. STRUCTURE, GOVERNANCE AND MANAGEMENT None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up. The charity is a company limited by guarantee, not having share capital, and is governed by Memorandum and Articles of Association dated 10 April 2013, as amended. It's company registered number is 6606718. On 14 May 2013 the company became a registered charity with a charity number1152012. A considerable amount of the Unrestricted Fund balance is comprised of Covid recovery funding and will be spent as part of the 2020-21 budget; this is shown as a designated fund. The trustees, report was approved bythe Board of Trustees. It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to the higher of 20 % of turnover or six month's expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in Ms K Kolbe Trustee Dated: 5 October 2020 The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: I report to the trustees on my examination of the financial statements of Signal Film & Media Limited Ithe charitylforthe year ended 31 March 2020. 27 RESPONSIBILITES AND BASIS OF REPORT Association of Chartered Certif led Accountants, which is one of the listed bodies. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. As the trustees of the charity land also its directors for the purposes of company lawlyou are responsible forthe preparation of the f inancial statements in accordance with the requirements of the Companies Act 20061the 2006 Act). I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: Melville & Co Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report i n respect of my examination of the charity's f inancial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145151(bl of the 2011 Act. 11 Accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act., or Unit 17-18 Tri nity Enterprise Centre Furness Business Park Ironworks Road Barrow-in-Furness LA14 2PN 2) The financial statements do not accord with those records; or 31 The financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fairview which is not a matter considered as part of an independent examination., or Dated: 20.12.2021 INDEPENDENT EXAMINER'S STATEMENT 41 The financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charitles preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of IrelandlFRS1021. Since the charlty's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2071 Act. I confirm that l am qualified to undertake the examination because l am a member of the 28 STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT (FOR THE YEAR ENDED 37 MARCH 2027) Unrestricted Restricted funds funds 2021 2021 Total Unrestricted Restricted funds funds 2020 2020 Total Notes 2021 2020 Income from: Charitable activities Investments 189,361 49 312,884 502,245 49 96,756 42 336,845 433,601 42 Total income 189,410 312,884 502,294 96,798 336,845 433,643 Expenditure on: Charitable activities 94,588 255,835 350,423 71,795 253,796 325,591 Net Income/(expendlture) for the year/ Net movement In funds 94,822 57,049 151,871 25,003 83,049 108,052 Fund balances at l April 2020 26,010 110,667 136,677 1,007 27,618 28,625 Fund balances at 31 March 2021 120,832 167,716 288,548 26,010 110,667 136,677 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. 29 BALANCE SHEET (AS AT 31 MARCH 2027) Notes 2021 2020 Flxed assets Tangible assets Current assets Debtors Cash at bankand in hand 10,528 11,964 10 21,677 291,633 17,726 110,901 313,310 128,627 Creditors: amounts falling due within one year (35,290) (3,914) Net current assets 278,020 124,713 Total assets less current liabilities 288,548 136,677 Income funds Restricted funds 12 167,716 110,667 Unrestricted funds Designated funds 13 70,000 General unrestricted funds 50,832 26,010 120,832 26,010 13.6,67 30 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, forthe year ended 31 March 2021. The directors acknowledge their responsibilities for ensurlng that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fairview of the state of affairs of the company as atthe end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. The members have not required the companyto obtain an audit of its financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Trustees on 20 December 2021 Ms K Kolbe Trustee Ms L Slater Trustee Company Registration No. 06606718 31 STATEMENT OF CASH FLOWS (FOR THE YEAR ENDED 31 MARCH 2021) Notes 2021 2020 Cash flows from operating activities Cash generated from operations 16 185,348 103,423 Investing activities Purchase of tangible fixed assets 14,665) 117,133) Investment income received 49 42 Net cash used in Investing activities (4,616) (17,091) Net cash used in financing activities Net increase in cash and cash equivalents 180,732 86,332 Cash and cash equivalents at beginning of year 110,901 24,589 Cash and cash equivalentsat end of year 291,633 110,901 32 NOTES TO THE FINANCIAL STATEMENTS (FOR THE YEAR ENDED 37 MARCH 2027) The financial statements are prepared in restricted funds are set out in the notes to sterling, which is the functional currency of the financial statements. the charity. Monetary amounts in these financial statements are rounded to the nearest £. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below. 1.4) Income l) Accountlng policles Income is recognised when the charity is legally entitled to it afterany performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Charlty Informatlon Signal Film & Media Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Cooke's Studios, 104 Abbey Road, Barrow-in-Furness, LA14 50R. 1.2) Golng concern Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. At the time of approving the financial statements, the trustees have a reasonable expectat ion that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.1) Accountlng conventlon The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS10211effective l January 20191.. The charity is a Public Benefit Entity as defined by FRS102. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 1.3) Charltable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the 33 1.5) Expendlture tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment losslif any). on a net basis or to realise the asset and settle the liability simultaneously. All expenditure is accounted forwhen incurred. Charitable expenditure includes the costs of all activities carried out, with the exception of the costs incurred for governance purposes. Baslc flnanclal assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effect ive Cash and cash equivalents include cash in interest method unless the arrangement hand, deposits held at call with banks, other constitutes a financing transaction, where short-term liquid investments with original the transaction is measured at the present maturities of three months or less, and value of the future receipts discounted at a bank overdrafts. Bank overdrafts are shown market rate of interest. Financial assets within borrowings in current liabilities. classified as receivable within one year are not amortised. 1.6) Tangible fixed assets 1.8) Cash and cash equlvalents Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost orvaluation of assets less thejr residual values over their useful lives on the following bases- 1.9) Flnanclal Instruments Baslc financlal Ilobllltles The charity has elected to apply the provisions of Section Il'Basic Financial Basic financial liabilities, including creditors Instruments, and Section 12'0ther Financial and bank loans are initially recognised at Instruments Issues, of FRS 102 to all of its transaction price unless the arrangement financial instruments. constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Plant and equipment 120°K straight line) Fixtures and fittings (20% straight line) Computers 133/9 Staright line) The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net incomel lexpenditurelforthe year. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Fi nancial assets and l iabil ities are of f set, Debt instruments are subsequently carried with the net amounts presented in the at amortised cost, using the effective financial statements, when there is a legally interest rate method. enforceable right to set off the recognised amounts and there is an intention to settle 1.7) Impairment of fixed assets At each reporting end date, the charity reviews the carrying amounts of its 34 ¥Crltical accountlng estlmates and judgements In the application of the charity's accounting policies, the trustees are required to makejudgements, 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 based on historical experience and other factors that are considered to be relevant. Actual results may differfrom these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision af fects only that period, or in the period of the revision and f uture periods where the revision af f ects both current and f uture periods.the revision af f ects only that period, or in the period of the revision and f uture periods where the revision af fects both current and f uture periods. 35 NOTES TO THE FINANCIAL STATEMENTS(CONTINUED) (FOR THE YEAR ENDED 37 MARCH 2027) 3) Charitable activities Charitable Income 2021 Charitable Income 2020 Grants Other income 483,399 18,846 394,505 39,096 502,245 433,601 Analysis by fund Unrestricted funds Restricted funds 189,361 312,884 96,756 336,845 502,245 433,601 Grants Unrestricted funds Restricted funds- see note12 Designated funds- see note13 100,515 312,884 70,000 57,660 336,845 483,399 394,505 4) Investments Unrestricted funds Total 2021 2020 Interest receivable 49 42 36 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) (FOR THE YEAR ENDED 37 MARCH 2027) 5) Charltable actlvities Charitable Income Charitable Income 2020 2021 .Staff costs Insurance Light and heat Repairs and renewals .'Printing, postage and stationery Telephone Motor expenses Travelling Computer costs ..Sundry expenses .Legal and professional IFreelance staf f ,,Advertising Bank charges Training Rent and rates 67,229 1,015 1,632 5,946 2,691 1,327 156 3,281 5,744 21,856 7,758 216,833 422 116 2,706 9,590 55,553 1,459 1,951 5,501 5,797 1,001 545 11,611 3,905 23,790 668 190,049 4,888 112 735 10,013 342,302 317,578 Ishare of support costs (see note 61 Share of governance costs (see note 61 6,101 2,020 350,423 5,169 2,844 325,591 Analysis byfund ..Unrestricted funds ,Restricted funds 94,588 255,835 350,423 71,795 253,796 325,591 37 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) (FOR THE YEAR ENDED 31 MARCH 2021) Support Costs Governance Costs 2021 Support Costs Governance Costs 2020 6 Support costs Depreclatlon 6.101 6,101 5.169 5,169 Accountancy 2,020 2,020 2,844 2,844 6,101 11 | 2,020 1118,121 5,169 2,844 8,013 Analysed between Charitable activities 6,101 2,020 8,121 5,169 2,844 8,013 7. Trustees The trustees recelved the following fees from the charlty during the year: Ms K J Kolbe- £35,00012020- £36,530) Ms L A R Slater- £33,600 (2020- £32,400) Ms K Bird- £8,84012020- £10,275) Ms H Watson- £12,30012020- £nil) 38 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) (FOR THE YEAR ENDED 31 MARCH 2027) S. EMplO￿e$ 2021 Number 2020 Number Number of employees The average monthly number of employees during the year was: Employment costs 2020 2019 Wages and salaries 66,294 54,236 Social security costs 301 504 ',Other pension costs 634 813 67,229 55,553 39 **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _(FOR THE YEAR ENDED 31 MARCH 2021)_ **----- Start of picture text -----**
Plant and Fixtures and Computers Total
equipment fittings
9 Tangible fixed assets £ £ £ £
Cost 80,149 47,440 13,075 140,664
At 1 April 2020 4,665 - - 4,665
Additions
At 31 March 2021 84,814 47,440 13,075 145,329
Depreciation and impairment
At 1 April 2020 76,903 47,440 4,357 128,700
Depreciation charged in the year 1,744 - 4,357 6,101
At 31 March 2021 78,647 47,440 8,714 134,801
Carrying amount
At 31 March 2021 6,167 - 4,361 10,528
At 31 March 2020 3,246 8,718 11,964
10. Debtors 2021 2020
Amounts falling due within one year: £ £
Trade debtors 20,105 17,726
Other debtors 552
Prepayments and accured income 1,020
21,677 17,726
11. Creditors: amounts falling due within one year 2021 2020
£ £
Accruals and deferred income 35,290 3,914
**----- End of picture text -----**
40 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) (FOR THE YEAR ENDED 37 MARCH 2020) 12) Restricted Funds- The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes: Movement in funds Balance at l April 2019 Incoming Resources Resources expended Balance at 31 March 2020 Arts Council (West Coast Photol Arts Council Icovid Recovery) BBC Children in Need Copeland Community Foundation Cumbria Community Foundation Westmorland Trust Cumbria County Council{Library) Francis C Scott Heritage Lottery Paul Hamlyn Foundation PCC Film Peoples Health Trust SirJohn Fisher SirJohn Fisherlwest Coast Photo) The Matson Ground Charitable Trust The Clothworkers. The Granada Foundation The Isla Foundation Tudor Trust Tudor Trust (training) 31.200 102,500 13,755 (31.200), (72,5441 (13,755) 29,956 5,000 5,000 3,000 1,000 20,000 8,000 3,000 1,000 20,000 11,000 11,000 65,405 (14,000) (65,405) 50,000 2,000 50,000 2.000 882 18,524 30,000 (17.642) (19.622) 10,378 10,000 6,000 10,000 6,000 6,667 (6,667) 2,500 2,000 30,000 2,000 2,500 2,000 15,000 2,000 115,000) 110,667 312,884 1255,835) 167,716 41 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) (FOR THE YEAR ENDED 37 MARCH 2020) 13 Designated Funds The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes: FloVeThent Ih Funds Balahee at. l Aprll 2020 Incomlng Resources Balance at 31 March 2021 Covid Recovery 70,000 70,000 70,000 70,000 42 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) (FOR THE YEAR ENDED 37 MARCH 2020) Unrestricted funds 2021 Restricted funds 2021 Total Unrestricted funds 2020 Restricted funds 2020 Total 14 Analysis of net assets between funds 2021 2020 Fund balances at 31 March 2021 are represented by: Tangible assets 7,194 3,334 10,528 5,297 6,667 11,964 Current assetsl (liabilities) 63,906 164,382 278,020 20,713 104,000 124,713 71,100 167,716 111288,548 26,010 110,667 111 136,677 43 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) (FOR THE YEAR ENDED 37 MARCH 2020) Related party transactlons Creative Studios Cumbria Limited is a charitable company, underthe control of trustees of Signal Film & Media Limited. During the year the charity received Other income of £8,20012000- £13,880) from and paid rent of £9,00612020- £7,3601to Creative Studios Cumbria Limited. 16 Cash generated from operatlons 2021 2020 Surplus for the year 151,871 108,052 Adjustments for- Investment income recognised in statement of f inancial activities 1491 6,101 1421 5.169 Depreciatlon and impairment of tangible f ixed assets Movements in working capital: Ilncreasel in debtors 13,9511 31,376 111,9901 2,234 Increase in creditors 185,348 103.423 Cash generated from operatlons