OpenCharities

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

2024-08-31-accounts

FLATPACK PROJECTS REPORTOFTHE TRUSTEES FOR THE YEAR 1ST SEPTEMBER 2023~ 31ST AUGUST 2024 REGISTERED COMPANY NUMgER. CEIxiyx4 (ENGLAKJ *•4DWALES) REGISTEFIEO CMIAITY NUMBEFL. 1162754

“I WENT TO FLATPACK AND… LIFE IMPROVED.”

SUMMARY

Putting together this report offers a brief opportunity to pause and look back over what we’ve been up to during the past year. Once again I’m stunned by the expertise, passion and openness of Flatpack’s small team, and the sheer variety of connections forged with audiences, artists and partners.

SUMMARY

Whether it be audiovisual spa treatments, community film histories or lighting up a local park with David Bowie and his puppet pals, the work contained within the following pages is as gloriously eclectic as ever. United by the following ambitions:

ANNUAL REPORT 2022/23 — P.3

FLATPACK 2023-24: THE HEADLINES

COMMISSIONED AND CHAMPIONED NEW WORK, BRINGING 70+ ARTISTS AND FILMMAKERS FROM AROUND THE WORLD TO BIRMINGHAM FOR THE EIGHTEENTH FLATPACK FESTIVAL

FLATPACK 2023-24: THE HEADLINES

SPENT OUR SUMMER TRANSFORMING OUTDOOR SPACES INTO AL FRESCO CINEMAS FOR 10,000 FILM FANS

FLATPACK 2023-24: THE HEADLINES

PRESENTED 310 SCREENINGS AND EVENTS ACROSS THE REGION WITH 84% SAYING THEY LEFT FEELING CONNECTED, MOVED, HAPPY AND INSPIRED

FLATPACK 2023-24: THE HEADLINES

PRODUCED TWO NEW FILMS ABOUT LITTLE KNOWN MOMENTS OF CINEMA HISTORY IN BIRMINGHAM AND SHROPSHIRE

FLATPACK 2023-24: THE HEADLINES

SPEARHEADED A PROJECT TO PROTECT AND CELEBRATE THE HERITAGE OF THE ELECTRIC - THE UK’S OLDEST CINEMA - IN THE CONTEXT OF REDEVELOPMENT PLANS FOR STATION STREET

CONTENTS

FLATPACK FESTIVAL P10 FLATPACK ON THE ROAD P15 NURTURING CREATIVITY P18 MIDLANDS FILM EXHIBITION P21 + PARTNERSHIPS & CHARITY INFO P28

ANNUAL REPORT 2023/24 — P.9

“I’M ALWAYS INTRIGUED TO SEE WHAT FLATPACK, WHICH IS COMMITTED TO SHOWING FILM IN ALL SHAPES AND SIZES, HAS ASSEMBLED FOR ITS ANNUAL FESTIVAL. THINK CRAFTY CROSS-CULTURAL INVENTION WITH NO MANUAL RATHER THAN FACTORY READYMADES.”

FLATPACK FESTIVAL

FLATPACK FESTIVAL 2024

The 18th Flatpack Festival was a joyous feast of cinematic treats that (in the words of our audience) “expanded the mind” and “refreshed the soul”.

We commissioned new work from international and local artists, and hosted UK and world premieres that wouldn’t otherwise have been seen by a Birmingham audience.

FLATPACK FESTIVAL

Our imaginative, multi-disciplinary approach to programme continues to cement us as one of the UK’s most ambitious and creatively programmed festivals.

NIGHTS TO REMEMBER

ANNUAL REPORT 2023/24 — P.11

“THE EVENT WAS SUBLIME - I WANT TO SEE MORE EVENTS LIKE THAT, MORE CROSSOVER BETWEEN ARTFORMS” NAFEESA HAMID - POET, PLAYWRIGHT, COOK

FLATPACK FESTIVAL

PREMIERES INCLUDED

CINEMATIC EXPERIMENTS

FLATPACK FESTIVAL

ANNUAL REPORT 2023/24 — P.13

“WHAT A TRIP! BIRMINGHAM IS SUCH A COOL CITY AND FLATPACK FESTIVAL IS A TRULY AWESOME EVENT WITH PLENTY TO SEE.” ARTIST JAN KULKA, ON VISITING BIRMINGHAM FROM PRAGUE

FLATPACK ON THE ROAD

We worked with organisations across the Midlands to deliver film events to local audiences.

THE RANDHAWA STORY

FLATPACK ON THE ROAD

During 2023 we worked with a Hindu mandir in Sparkbrook to mount a series of Sunday afternoon screenings of Indian classics, in a nod to the building’s previous life as the Waldorf cinema.

Out of this collaboration emerged a new documentary about the Randhawa family who ran the Waldorf during the 1970s, made by Sima Gonsai and Joseph Potts - two local filmmakers with their own personal connection to this story. The film premiered at the mandir during Flatpack 2024, alongside a programme of live music and dance.

IMPERIAL REVISITED

We took a trip back to the golden age of Hindi cinema as part of Moseley Road Bath’s Balsall Heath Living Room project, with classic songs from the likes of Mohammed Rafi and Asha Bhosle along with two rarely-seen BBC films, both from 1973:

A Touch of Eastern Promise and Bombay Superstar.

ANNUAL REPORT 2023/24 — P.15

FLATPACK ON THE ROAD

AL FRESCO CINEMA

We spent our summer travelling across the Midlands and beyond with our outdoor cinema kit, spreading our al fresco cinema magic.

Highlights include:

“JUST A GORGEOUS EVENT! THANK YOU SO MUCH. FAVE CINEMA EXPERIENCE OF THE YEAR”

----- Start of picture text -----
FLATPACK ON
THE ROAD
----- End of picture text -----

ANNUAL REPORT 2023/24 — P.16

“CAN WE DO THIS EVERY YEAR?!” HIDDEN RIVER FESTIVAL ATTENDEE

NURTURING CREATIVITY

BUILD YOUR OWN FILM NIGHT

We partnered with Phoenix Cinema in Leicester and two Midlands universities (Coventry and Nottingham Trent), offering valuable industry insight and practical programming skills to young people interested in film exhibition. Participants went on to host sold out film nights and make their own mini movies.

NURTURING CREATIVITY

COLOUR BOX

Our monthly family screenings at Midlands Arts Centre continue to thrive, with the first Sunday of each month becoming a popular fixture for families across the region. Combining creative workshops with screenings of classic and international films, we introduce young audiences to diverse cinematic experiences, encouraging deeper engagement through a playful approach to film criticism.

OVER THE COUNTER CULTURE

We supported the graduation project of Curator Joseph Wallace on a programme of four film events exploring consumerism through the prism of abandoned shopping malls.

ANNUAL REPORT 2023/24 — P.18

”AS A GROUP, WE ARE PASSIONATE ABOUT FILM CULTURE, ESPECIALLY DEVELOPING YOUTH AUDIENCES LIKE US, AS WE ARE THE DRIVING FORCE THAT WILL ALLOW FILM CULTURE TO FLOURISH AND EVENTS LIKE THIS TO KEEP HAPPENING.”

NURTURING CREATIVITY

GUEST CURATION AT FLATPACK 2024

NURTURING CREATIVITY

ANNUAL REPORT 2023/24 — P.20

”FLATPACK’S SUPPORT HAS BEEN INVALUABLE IN BRINGING A DIVERSE RANGE OF FILM SCREENINGS TO OUR RURAL DISTRICT, EMPOWERING LOCAL VENUES AND ORGANISATIONS TO CONFIDENTLY HOST FILM EVENTS. THEIR COMMITMENT HAS TRULY HELPED ENRICH THE CULTURAL LANDSCAPE OF OUR COMMUNITY”

MIDLANDS FILM EXHIBITION

SPOTLIGHT ON STAFFORDSHIRE

From 2023-2026 we’re working with partners and exhibitors across Staffordshire on a jam-packed programme of screenings and events designed to grow film audiences across the county.

Our mission? Supporting anyone who shows or wants to show films in Staffordshire to develop a connected, thriving film scene.

This is the latest in a series of ‘Spotlight’ interventions carried out by Flatpack in their work as co-lead of Film Hub Midlands together with Broadway Cinema in Nottingham. Since 2018, the hub has championed and facilitated film activity in key areas where there is a significant lack of provision, building ambition, expertise and infrastructure.

MIDLANDS FILM EXHIBITION

In 2023, this work inspired a UK-wide initiative led by BFI Film Audience Network investing in culturally underserved communities across eight local areas. Spotlight has gone national! Next, the world…

ANNUAL REPORT 2023/24 — P.22

“THE PUBLIC RESPONSE SINCE THE CINEMA CLOSED ITS DOORS HAS BEEN STAGGERING. PEOPLE LOVE THE LAYERS OF HISTORY IN THIS PLACE, AND IT HAS GIVEN AUDIENCES SOMETHING DIFFERENT IN A CITY WHERE THE FILM OFFER IS QUITE NARROW CONSIDERING THE SIZE AND DIVERSITY OF OUR POPULATION.”

BIRMINGHAM

THE ELECTRIC CINEMA

The 2024 Flatpack Festival took place without the Electric Cinema, following the venue’s closure at the beginning of the year. It’s a building which embodies the city’s rich cinema history in its many chapters, from silent films in 1909 through newsreels, cartoons and arthouse double-bills to the boutique sofa offer of more recent times.

Losing the Electric would be a huge loss to Birmingham and the UK, and in the light of redevelopment plans for Station Street we’ve been working with a range of partners to ensure the best possible outcome for the city and its independent film scene.

The results of our feasibility work will be made public in spring 2025.

MIDLANDS FILM EXHIBITION

ECHOES OF THE SOIL

As part of the BFI’s UK-wide Powell and Pressburger celebrations we commissioned and produced a short documentary about the shooting of the Mary Webb adaptation Gone to Earth in Shropshire in the summer of 1949. We tracked down three Shropshire locals who were child extras in the film, and screened it for a sell-out audience in Much Wenlock’s Priory Hall.

This approach - using film as a tool to explore the story of a place - is integral to what we do at Flatpack. We’ll be building on this work and delving further into Shropshire’s film stories as part of a BFI-funded project in 2025.

ANNUAL REPORT 2023/24 — P.24

ECHOES OFTHE SOIL ANNUALREPORT2023124-P.25

MAKING IT HAPPEN

WHO WE ARE

Flatpack is a mobile arts organisation born out of a monthly film and mixed-media night in Digbeth. Every May you’ll find us taking over venues across Birmingham with the “magnificently eclectic” Flatpack Festival, while throughout the year we pop up across the Midlands with everything from family activities to al fresco horror. Our mission? To enrich people’s lives through imaginative film events.

MAKING IT HAPPEN

FILM HUB MIDLANDS

Flatpack is a lead partner in Film Hub Midlands, an initiative as part of the BFI Film Audience Network to develop a thriving film culture in the Midlands. Among other things this means working with partners across the region, sending out monthly Filmwire bulletins and breeding the next generation of exhibitors through Build Your Own Film Night.

THE TEAM

Everything that Flatpack achieves is done so with a core team of six staff members alongside a pool of freelancers and volunteers. The Trustees want to thank Team Flatpack for all that they do and congratulate them on a fantastic year.

ANNUAL REPORT 2023/24 — P.26

“WORKING WITH FLATPACK WAS AN EXCELLENT OPPORTUNITY, NOT JUST IN GETTING HANDS-ON SUPPORT FROM A RENOWNED ARTS ORGANISATION, BUT IN ESTABLISHING NEW CREATIVE AND PROFESSIONAL PARTNERSHIPS IN THE REGION. THEY GAVE FULL CREATIVE CONTROL, HELPED PROMOTE THE EVENT AND FACILITATED A JOYOUS ENVIRONMENT THAT EXTENDED TO AUDIENCE EXCITEMENT.” JOSEPH WALLACE

Flatpack Projects is a Charitable Incorporated Organisation, reg no 1162754

Our core funders are Arts Council England and the British Film Institute.

In partnership with Broadway in Nottingham, Flatpack also co-lead Film Hub Midlands as part of the BFI Film Audience Network. Along with core funding and earned income, Flatpack’s work would not be possible without the support of a huge range of partners, trusts & foundations and cultural institutes. In 2023/24, these included:

THANK YOU

ANNUAL REPORT 2023/24 — P.28

PUBLIC BENEFIT STATEMENT

The Trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2006 to have due regard to the Charity Commission’s general guidance on public benefit, ‘Charities and Public Benefit’.

SUMMARY OF THE OBJECTS OF THE CHARITY SET OUT IN ITS GOVERNING DOCUMENT

  1. To promote appreciation of and education in the arts and their associated technologies, especially but not exclusively those of the cinema, film and other forms of moving images, through the production and performance of festivals, workshops, seminars, projects, events, online resources, new media and in any other ways as the CIO may decide from time to time.

  2. To advance the education of the public in the history, culture, aesthetics, practice and theory of arts, cinema, film and other moving images.

STATEMENT OF THE CHARITY’S POLICY ON RESERVES

It is the policy of Flatpack Projects (CIO) to retain sufficient reserves to cover the organisation’s overheads for a 3 month period should there be any unexpected costs or delays in receiving any funds owed.

CHARITY INFORMATION

The trustees have regard to the guidance issued by the charity commission on public benefit.

Approved by order of the board of trustees on 3 December 2024 and signed on its behalf by:

Dan Lawson - Chair of Trustees

ANNUAL REPORT 2023/24 — P.29

REGISTERED COMPANY NUMBER: CE005084 (England and Wales) REGISTERED CHARITY NUMBER: 1162754

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 August 2024

for

Flatpack Projects

CJM Associates 2nd Floor, Lakeside Point, Lakeside Business Park Walkmill Way Cannock Staffordshire WS11 0XE

Flatpack Projects

Report of the Trustees

for the Year Ended 31 August 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2024. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

CE005084 (England and Wales)

Registered Charity number 1162754

Registered office

Unit 304 The Custard Factory Gibb Street Digbeth, Birmingham West Midlands B9 4AA

Trustees

I Francis (Director) (resigned 4.10.23) J Grimley (resigned 2.10.24) D Lawson L Page (resigned 4.1.24) L Cowling (Chair) K Lucas P Foxwood R Carter E Quansah

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

.......................................................................... L Cowling- Trustee

Page 1

Flatpack Projects

Statement of Financial Activities

for the Year Ended 31 August 2024

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
276,721
Other trading activities
3
256,373
Total
533,094
EXPENDITURE ON
Raising funds
4
925
Other
531,321
Total
532,246
NET INCOME
848
RECONCILIATION OF FUNDS
Total funds brought forward
180,761
TOTAL FUNDS CARRIED FORWARD
181,609		 Restricted
fund
£
-
-
-
-
-
-
-
-
-		 31.8.24
Total
funds
£
276,721
256,373
533,094
925
531,321
532,246
848
180,761
181,609		 31.8.23
Total
funds
£
283,854
265,631
549,485
2,302
544,748
547,050
2,435
178,326
180,761

The notes form part of these financial statements

Page 2

Flatpack Projects

Balance Sheet

31 August 2024

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
10
10,025
CURRENT ASSETS
Debtors
11
169,448
Prepayments and accrued income
4,988
Cash at bank and in hand
39,600
214,036
CREDITORS
Amounts falling due within one year
12
(42,452)
NET CURRENT ASSETS
171,584
TOTAL ASSETS LESS CURRENT
LIABILITIES
181,609
NET ASSETS
181,609
FUNDS
13
Unrestricted funds:
General fund
TOTAL FUNDS		 Restricted
fund
£
-
-
-
-
-
-
-
-
-		 31.8.24
Total
funds
£
10,025
169,448
4,988
39,600
214,036
(42,452)
171,584
181,609
181,609
181,609
181,609		 31.8.23
Total
funds
£
12,562
84,036
16,077
87,788
187,901
(19,702)
168,199
180,761
180,761
180,761
180,761

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 3

Flatpack Projects

Balance Sheet - continued

31 August 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

.............................................

L Cowling - Trustee

The notes form part of these financial statements

Page 4

Flatpack Projects

Cash Flow Statement for the Year Ended 31 August 2024

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash used in operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Net cash used in investing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning
of the reporting period
Cash and cash equivalents at the end of the
reporting period		 31.8.24
£
(43,954)
(43,954)
(4,234)
(4,234)
(48,188)
87,788
39,600		 31.8.23
£
(27,067)
(27,067)
(1,291)
(1,291)
(28,358)
116,146
87,788

The notes form part of these financial statements

Page 5

Flatpack Projects

Notes to the Cash Flow Statement for the Year Ended 31 August 2024

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement of Financial
Activities)
Adjustments for:
Depreciation charges
Increase in debtors
Increase in creditors
Net cash used in operations		 31.8.24
£
848
6,771
(74,323)
22,750
(43,954)		 31.8.23
£
2,435
5,935
(41,211)
5,774
(27,067)

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.9.23
Cash flow
At
£
£
Net cash
Cash at bank and in hand
87,788
(48,188)
87,788
(48,188)
Total
87,788
(48,188)		 31.8.24
£
39,600
39,600
39,600

The notes form part of these financial statements

Page 6

Flatpack Projects

Notes to the Financial Statements for the Year Ended 31 August 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. DONATIONS AND LEGACIES

Arts Council England
British Film Institute
Grants
Trusts & foundations		 31.8.24
£
112,024
121,988
28,879
13,830
276,721		 31.8.23
£
112,024
125,470
35,660
10,700
283,854

continued...

Page 7

Flatpack Projects

Notes to the Financial Statements - continued for the Year Ended 31 August 2024

3.
OTHER TRADING ACTIVITIES
Bar takings
Booking fee
Box office
Programme partners
Submission fees
Merchandise sales
Year round projects
Broadway
4.
RAISING FUNDS
Other trading activities
Cost of raising funds
5.
SUPPORT COSTS
Management
£
Other resources expended
198,044
6.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets		 31.8.24
£
1,004
67
29,465
59,072
6,755
31
30,991
128,988
256,373
31.8.24
£
925
Governance
Finance
costs
£
£
486
5,017
31.8.24
£
6,771		 31.8.23
£
1,470
8
16,980
110,676
14,425
756
7,923
113,393
265,631
31.8.23
£
2,302
Totals
£
203,547
31.8.23
£
5,934

7. TRUSTEES' REMUNERATION AND BENEFITS

During the period remuneration of £3,863 was paid to the director of the organisation who was also a trustee of the charity.

continued...

Page 8

Flatpack Projects

Notes to the Financial Statements - continued for the Year Ended 31 August 2024

7. TRUSTEES' REMUNERATION AND BENEFITS - continued

Trustees' expenses

Trustees' incurred expenses totalling £84.00 during the year to 31st August 2024.

8. STAFF COSTS

9.

Wages and salaries
The average monthly number of employees during the year was as follows:
Director
Other staff
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
283,854
Other trading activities
265,631
Total
549,485
EXPENDITURE ON
Raising funds
2,302
Other
538,148
Total
540,450
NET INCOME/(EXPENDITURE)
9,035
RECONCILIATION OF FUNDS
Total funds brought forward
171,726		 31.8.24
£
240,880
240,880
31.8.24
1
5
6
Restricted
fund
£
-
-
-
-
6,600
6,600
(6,600)
6,600		 31.8.23
£
221,976
221,976
31.8.23
1
5
6
Total
funds
£
283,854
265,631
549,485
2,302
544,748
547,050
2,435
178,326

continued...

Page 9

Flatpack Projects

Notes to the Financial Statements - continued for the Year Ended 31 August 2024

9.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted
fund
fund
£
£
TOTAL FUNDS CARRIED FORWARD
180,761
-
10.
TANGIBLE FIXED ASSETS
Fixtures
and
Computer
fittings
equipment
£
£
COST
At 1 September 2023
9,688
30,965
Additions
-
4,234
At 31 August 2024
9,688
35,199
DEPRECIATION
At 1 September 2023
7,226
20,865
Charge for year
618
6,153
At 31 August 2024
7,844
27,018
NET BOOK VALUE
At 31 August 2024
1,844
8,181
At 31 August 2023
2,462
10,100
11.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24
£
Trade debtors
141,980
Other debtors
18,251
VAT
-
Prepayments
9,217
169,448		 Total
funds
£
180,761
Totals
£
40,653
4,234
44,887
28,091
6,771
34,862
10,025
12,562
31.8.23
£
46,375
20,292
2,985
14,384
84,036

continued...

Page 10

Flatpack Projects

Notes to the Financial Statements - continued for the Year Ended 31 August 2024

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.24 31.8.23
£ £
Trade creditors 10,525 5,553
Social security and other taxes 6,673 10,227
VAT 3,492 -
Other creditors 2,266 1,672
Accrued expenses 19,496 2,250
42,452 19,702

13. MOVEMENT IN FUNDS

Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Designated Fund
TOTAL FUNDS		 At 1.9.23
£
180,761
180,761
Incoming
resources
£
533,094
533,094
At 1.9.22
£
171,726
6,600
178,326		 Net
movement
At
in funds
31.8.24
£
£
848
181,609
848
181,609
Resources
Movement
expended
in funds
£
£
(532,246)
848
(532,246)
848
Net
movement
At
in funds
31.8.23
£
£
9,035
180,761
(6,600)
-
2,435
180,761

continued...

Page 11

Flatpack Projects

Notes to the Financial Statements - continued for the Year Ended 31 August 2024

13. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Designated Fund
TOTAL FUNDS
A current year 12 months and prior year 12 months combined position
Unrestricted funds
General fund
Restricted funds
Designated Fund
TOTAL FUNDS		 Incoming
resources
£
549,485
-
549,485
is as follows:
At 1.9.22
£
171,726
6,600
178,326		 Resources
Movement
expended
in funds
£
£
(540,450)
9,035
(6,600)
(6,600)
(547,050)
2,435
Net
movement
At
in funds
31.8.24
£
£
9,883
181,609
(6,600)
-
3,283
181,609

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds Incoming
Resources
resources
expended
£
£		 Movement
in funds
£
General fund 1,082,579
(1,072,696)		 9,883
Restricted funds
Designated Fund -
(6,600)		 (6,600)
TOTAL FUNDS 1,082,579
(1,079,296)		 3,283

continued...

Page 12

Flatpack Projects

Notes to the Financial Statements - continued for the Year Ended 31 August 2024

14. RELATED PARTY DISCLOSURES

During the period, £2,253.90 (2023 - £2,161.50) was paid to Made Media Limited for the maintenance of the charity's website. J Grimley was a trustee for a period of the account year and is a person of significant control at Made Media Limited.

Page 13

Flatpack Projects

Detailed Statement of Financial Activities for the Year Ended 31 August 2024

Detailed Statement of Financial Activities
for the Year Ended 31 August 2024
31.8.24 31.8.23
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Arts Council England 112,024 112,024
British Film Institute 121,988 125,470
Grants 28,879 35,660
Trusts & foundations 13,830 10,700
Other trading activities 276,721 283,854
Bar takings 1,004 1,470
Booking fee 67 8
Box office 29,465 16,980
Programme partners 59,072 110,676
Submission fees 6,755 14,425
Merchandise sales 31 756
Year round projects 30,991 7,923
Broadway 128,988 113,393
256,373 265,631
Total incoming resources 533,094 549,485
EXPENDITURE
Other trading activities
Cost of raising funds 925 2,302
Other project delivery
Wages 106,461 82,489
Equipment purchase 1,552 2,973
Facilitators 10,316 530
PR and Marketing 30,016 43,656
Programme 101,025 130,714
Technical and Venue 47,416 59,926
Guest Care 16,346 10,661
Other direct costs 14,642 13,526
327,774 344,475
Support costs
Management
Wages 134,419 139,487
Carried forward 134,419 139,487

This page does not form part of the statutory financial statements

Page 14

Flatpack Projects

Detailed Statement of Financial Activities for the Year Ended 31 August 2024

Detailed Statement of Financial Activities
for the Year Ended 31 August 2024
31.8.24 31.8.23
£ £
Management
Brought forward 134,419 139,487
Rent, rates and utilities 26,888 28,690
Insurance 6,001 4,457
Telephone 2,325 2,051
Printing, post and stationery 354 562
Gifts 150 22
IT costs 5,949 3,587
Office running costs 3,334 1,441
Other staff costs 5,067 4,304
Travelling expenses 5,906 5,282
Foreign Exchange Profit/Losses 880 338
Depreciation of tangible and heritage assets 6,771 5,935
Finance 198,044 196,156
Bank charges 486 535
Governance costs
Accountancy and legal fees 5,017 3,582
Total resources expended 532,246 547,050
Net income 848 2,435

This page does not form part of the statutory financial statements

Page 15

Flatpack Projects

Contents of the Financial Statements for the Year Ended 31 August 2024

Page
Report of the Trustees 1
Statement of Financial Activities 2
Balance Sheet 3 to 4
Cash Flow Statement 5
Notes to the Cash Flow Statement 6
Notes to the Financial Statements 7 to 13
Detailed Statement of Financial Activities 14 to 15