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|---|---|---|---|
|Report ofthe|Trustees||1 —16|
|Reference andAdministrative
Details||||
|Statementof|Trustees'|Responsibilities|20|
|Report ofthe|Independent
Auditors||21 —23|
|Staiementof|Financial|Activities|24|
|Statem ant of|Financial|Position|25|
|Statementof|Cash Flows||26|
|Notes lo the|Financial|Statements|27-36|
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||||2022|2022|2022|2021|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total funds|Total funds|
|||Notes|8|6|6|6|
|INCOMEFROM|||||||
|Donations and legacies|||36,000|50,880|86,880|86,882|
|Charitable adivities|||2,177,116|4,045,316|6,222x132|6,313,152|
|Other trading
activiYies|||24,817||24,817|19,741|
|Invesimentincome|||224||224||
|Total|||2,238,157|4,096,196|6,334,353|6,420,331|
|EXPENDITURE ON|||||||
|Raising funds|||156,189||156,189|161,814|
|Charitable
activities|||2,059,052|4,096,196|6,155,248|6,167,118|
|Total|||2,215,241|4,096,196|6,311r437|6,328,932|
|NET INCOME|||22,916||22.916|91,399|
|RECONCIUATION|OF FUNDS||||||
|Total funds brought|forward||942,216||942,216|850,817|
|TOTAL FUNDS CARRIED FORWARD|||965,132||965,132|942,216|
##
|||2022|2021|
|---|---|---|---|
|||Total funds|Total funds|
||Notes|||
|FRED ASSETS||||
|Intangible assets|11|12,844|26,243|
|Tangible assets|12|130487|142,183|
|||143,131|168,426|
|CURRENTABSETS||||
|Debtors|13|1,134,207|'I,881,986|
|Cash at bank and in hand||3,159,535|'I,816,860|
|||4,293,742|3,698,846|
|CREDITORS||||
|Amounts
falling due within one year|14|(3,471,741)|(2,925,056)|
|NET CURRENTASSETS||822,001|773,790|
|TOTAL ASSETS LESSCURRENTLIABIUTIES||965,132|942,216|
|NETASSETS||965,132|942,216|
|FUNDS|15|||
|Lln restricted
funds||965,'l32|942,216|
|TOTAL FUNDS||55. 59|962.216|
##
##
|||2022|2021|
|---|---|---|---|
|||E|E|
|Cash flows from operating
actlvkles:||||
|Net cash provided
by operagng
activities||1.387,643|1,266,198|
|Cash flaws from imresting
actlvides:||||
|Dividends,
interest and rents from inveslm ants||224|556|
|PrOOeedefrOm
the Sale Ofprcperty,
plant and equipment||3,377||
|Purchase ofintangible assets|||(20,100)|
|Purchase ofpropeny,
plant and equipment||~48,569|~77.310)|
|Net cash (used in) investing
activities||(44,968)|(96,854)|
|Change
In cash and cash equivalents|inthe year|1,342.675|1,169,344|
|Cash and cash equivalents
broughtforward||1,816,860|647,516|
|Cash and cash equivalents
carried forward||3,159,535|1,816,860|
|Reconciliation
of net movement
in funds tonet cash||||
|flow from operating
activiges||||
|Netincomefortheyear||22,916|91,399|
|Ad]ustments
for:||||
|Depreciation charges||79r488|56,974|
|Dividends, interest and rents from investments||(224)|(556)|
|Decrease/(Increase)
in debtors||747,779|(489,81D)|
|Increase in creditors||546,684|1,608,191|
|Net cashused
in operating
activities||1,387,643|1,266,198|
|Analysis ofcash and cash equivalents||||
|Cashin hand||3,'I59.535|1,816,860|
|Total||~3,159535|1,816,860|
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|2.|ACCOUNTING
POUCIES —continued|||
|---|---|---|---|
|2.6|Intangible
assets|||
||intangible
assets re present
website
costs and are stated atcost lese depreciation.
Depreciation
is
intangible
fixed assets over 3 years, calculated to write offthe cost over their expected useful|provided
against
lives, using the||
||straight-line
method.|||
|2.7|Interest receivable|||
||Interest on funds held on deposit is included when receivable and the amount can be measured
Charity; this is normally
upon notification ofthe interest paid or payable.||reliably
by the|
|2.8|Operating
leases|||
||Rentals under operating
leases are charged to the Statement of Financial Activities on a straight|line basis over||
||the
Iease term.|||
|2.9|Financial Instruments|||
||The Charity only has financial assets and financial
liabilities ofa kind that qualify as basic finandal||instrumerss.|
||Basic financial
instruments
are initially
recognised
at transaction
value and subsequently
measured
at their|||
||settlement
value with the exception ofloans which are subsequently
measured
atam orlisadcostusing the effective|||
||interest method|||
|2.10|Deblors|||
||Trade and other debtors are recognised at the settlemenl
amountafterany
trade discountoffered.||Prepaymenls|
||are valued atthe amount repaid netof any trade discounts due.|||
|2.11|Cash at bank and in hand|||
||Cash at bank and in hand includes cash short term highly liquid investmenls
with a shorl
maturity
or less from the date ofacquisition oropening ofthe depositor similar account.|of|three monfe|
|232|Creditors and provisions|||
||Creditors and provisions are recognised
wh ere the Charity has apresent obligation
resulting from 8past event that|||
||will probably
result
in the transfer offunds lc 8 third
party and the amount due to setle the obligation
can be|||
||measured
orestimated
reliably.
Creditors and provisions are normally recognised attheir seelement||amountaha|
||allowing forany trade discounts due.|||
|2.13|Pension costs|||
||The charily operates a defined contribution
pension scheme. The assets ofIhe scheme are held separately
from
those of the Charity
in an independently
administered
fund.
The amount oharged tcthe Statement of Financia!|||
||Activities represents the contribu8ons payable tothe scheme
in respeot ofaccounCng
penod.|||
|2.14|Critical accounting
estimates and judgements|||
||In preparing
the financial
statements,
management
is required
to make estimates
and assumptions||which
affect|
||reported income, expenses, assets, liabilities and disclosure ofcontingent assets and liabiliges. Ijse of available|||
||information
and application
of judgements
are inherent
in the formation
of estimates,
together
with the past
experience and expectations offuture events that are believed tobe reasonable
under the circum stances
Actual|||
||results
in the future could differ from such estimates.
Management
do not consider there to be||any material|
||accounting estimatesorjudgemenlsthatneeddisciosureinthese
finandal
staterrienta.|||
##
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|DONATIONS
AND|LEGACIES|LEGACIES|||||2022||2022|||2022|2021|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted||Restricted||||Total|Total|
||||||||6||6|||6|6|
|Donations|||||||36,000|||||36,000|36.000|
|Gifts in kind||||||||||||50,880|50,882|
||||||||36,000||50,680|||86,880|86,962|
|In 2021,ofthe total income||from|donations||and legacies, f36000was to unrestricted||||||funds and K50682was to|||
|restricted income.||||||||||||||
|The charity isgrateful to various organisations||||||who donate their services|||for free or|for a reduced charge. These||||
|include support across a numb||sr of||acfivities|including||venue
hire, officespace, speaker||||fees, event accreditafkrns,|||
|web site events platform
and||legal|advice. An|||equivalent charge isincluded|||within charitable expenditure.|||||
|The charity also benefitsfram||the|involvementandsupportof
itsvolunteerswhamakeavital|||||||||contributiontowards||
|their achievements|in accordance||with FRS102and||||the Charities SORP||(FRST02),|the||economic contdt ution of||
|general volunteers|isnot recognised|||inthe accounts.||||||||||
|INCOME FROM CHARITABLE ACTIVITIES|||||||2022||2022|||2022|2021|
|||||||Unrestricted||Restricted||||Total|Total|
||||||||||k|||6|6|
|Promotion ofvisual|arts||||||1,1e4,590||884,016||2,068,606||1,637,106|
|FLAMIN|||||||60,700||350,855|||411,555|344,925|
|Producfion oftalent|development||||||205,959||192,850|||398,809|420,497|
|Film promotion
and|culture||||||552,456||292,595|||845,051|1,242,031|
|Bn4sh Film Commission|||||||173,411|2,325,000|||2A98411||2,468,591|
||||||||2,177,116|4,045,316|||6,222832||6,313,152|
|In 2021,ofthe total|income from charitable activities,||||||E2110877was to unrestricted|||funds and 64202 275waste||||
|restricted funds.||||||||||||||
|OTHER TRADING ACTIVITIES|||||||2922||2022|||2022|2821|
|||||||Unrestricted||Restricted||||Total|Total|
||||||||6||6|||6|6|
|Rental incame|||||||23,000|||||23,000|17,839|
|Other incom e|||||||t,e17|||||1,817|1,902|
||||||||24,817|||||24,817|19,741|
##
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|INVESTMENT INCOME|||2022||2022|2022|2021|
|---|---|---|---|---|---|---|---|
||||Unrestrictedf|Restricted
f||Total
f|Totalf|
|Bank interest|||224|||224|556|
|In 2021,ofthe total investment|income, f556was||to unrestricted|funds and|fNIL to restricted funds.|||
|ANALYSIS OF EXPENDITURE||Staff|Activities|Grant|Support|2022|2021|
|||Costs|Costs|Funding|Costs|Total|Total|
|||(note 10)f|||(note 8)f|||
|Raising funds||68,543|26,914||60,732|158,189|161,814|
|Promotion ofvisual arts||687,216|801,471||404,014|1,892,701|1,7D5,410|
|FLAMIN||178,955|74,710|91,000|105,207|449.872|365,257|
|Producson
and talent develop rn|enl|209,316|46,689|23,274|123,057|402Y336|431,375|
|Film production 8 culture||442,933|167,D90|99,881|260,400|970,304|1,212,991|
|British Film Commission||387,757|1,744,230||308,048|2,44D.D35|2,452,085|
|||1,906,177|2,834,190|214.155|1,200,726|6,155,248|6,167,118|
|||1,974,720|2,861,104|214,155|1,261,458|6,311,437|6.328,932|
|ANALYSIS OF SUPPORT COSTS||||||2D22f|2021f|
|Staff costs (note 10)||||||559.517|479,680|
|Overheads||||||685,371|669,425|
|Legal and professional||||||1,739|12,804|
|Auditandacrsrun5ngfees||||||14,830|15.109|
||||||1,261458||1,177,018|
|NET INCOME||||||2022f|2021
f|
|This is stated aftercharging:||||||||
|Depreciation||||||70488|56,974|
|Auditors'
remuneration||||||13,750|13,000|
|Operating lease rentals||||||140,056|147,384|
##
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##
||||
|---|---|---|
|ANALYSIS OF STAFF|2022|2021|
||8|8|
|Wages and salanes|2,180r491|1,894,176|
|Social security costs|237,008|I98,662|
|Pension contributions|108,896|103,201|
|Other staff costs|7,842|8,223|
||2,534v237|2,204,282|
||||||2022|2021|
|---|---|---|---|---|---|---|
|The average number ofstaff employed|||durirg the|year was:|No.|No.|
|Raising funds|||||1.0|1.5|
|inward
investment
&business development|||||14.0|11.0|
|FLAMIN|||||4.0|4.0|
|Producbon|&talent develo|pm ent|||6.0|60|
|Film promotion
&culture|||||12.0|12.5|
|British Film|Commission||||8.0|5.5|
|Support|||||9.0|8.5|
||||||54.0|49.0|
||||||2022|2021|
||||||No.|No.|
|The numberof
employees||whose salariesfortune||year fell|||
|within the|following bands|were:|||||
|660,001 -|270,000||||||
|280,001 -|290,000||||||
|6130,001|- E140,000||||||
##
|||
|---|---|
|INTANGIBLE
FIXEDASSETS|Webstte costs|
||6|
|Cost||
|At 1 April 2021|40,200|
|Additions||
|At 31March 2022|40,200|
|DepreciaSon||
|At 1 April 2021|13,957|
|Charge forthe year|13,399|
|At 31 March 2022|27.356|
|Net Book Vafue||
|AT 31March 2022|12,844|
|At 31March 2021|26.243|
|12.|TANGIBLE FIXEDASSETS|OISce|Leasehold||
|---|---|---|---|---|
|||Equipment5|Improvements
E|Total|
||Cost||||
||Al 1 Apnl 2021|204,264|90,318|294,582|
||AddiTions|48,569||48,569|
||Dieposals|(32,522)||(32,522)|
||At 31March 2022|220,311|90,318|310,629|
||Depreciation||||
||At 1 April 2021|105,852|46,547|152,399|
||Chargeforthe
year|47,711|9,378|57,089|
||Depreciation
on dispose la|(29,146)||(29,146)|
||At 31March 2022|124,417|55,925|180,342|
||Net Book Value||||
||At 31March 2022|95,894|34,393|130,287|
||At 31March 2021|9S,412|43,771|142,183|
|13.|DEBTORS||2022|2021|
||||E|5|
||Trade debtors||188,759|191,530|
||Olher debtors||50,716|76,892|
||VAT recoverable||183,180|203,657|
||Prepayments
and accrued income||711,552|1,407,907|
||||1,134,207|1,881,986|
##
##
|CREDITORS: AMOUNTS
FALLING DUE WITHIN ONE YEAR|CREDITORS: AMOUNTS
FALLING DUE WITHIN ONE YEAR|CREDITORS: AMOUNTS
FALLING DUE WITHIN ONE YEAR|CREDITORS: AMOUNTS
FALLING DUE WITHIN ONE YEAR|2022|2021|
|---|---|---|---|---|---|
|||||E|E|
|Trade|creditors|||932,900|1,752,602|
|Grants|payabie|||227,885|315,500|
|Giber|taxa5on and social security|||60,799|51,361|
|Accrue|le and deferred
income|||2,250,157|805,593|
|||||3871,741|2,925,056|
|Analysis
ofgrants payable||(ag due within|one year)|||
|Grants|committed
but unpaid|b/fwd||315,500|122,673|
|Grants|committed
rn the year|||214,155|660,611|
|Grants|paid in the year|||(301,770)|(467,784)|
|Grants|commitledbut
unpaid|c/fwd||227,885|315,500|
##
|MOVEMENTS|IN FUNDS|As at|||As at|
|---|---|---|---|---|---|
|||1 April 2021|Income|Expenddure|31Idarch2022|
|||E|E||E|
|Unrestricted|funds|942,216|2,238,157|(2,215,241)|965,132|
|General funds||||||
|Resuicted funds|||4,096,196|(4,096,196)||
|Total funds||942,216|6,334,353|(6,311,437)|965,132|
|Comparative||As at|||As st|
|---|---|---|---|---|---|
|||1April 2020
E|Income
E|Expenditure
E|31March 2021
E|
|Unrestricted|funds|850,817|2,167,174|(2,075,775)|942,216|
|General funds||||||
|Restrictedfunds|||4,253,157|(4,253,157)||
|Totalfunds||850,817|6,420,331|(6,328,932)|942v216|
##
##
|16.|MOVEMENTS|IN FUNDS|IN FUNDS|Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||Fullds|Fundsf|2022f|2021f|
||Tangible fixed|assets||130,287||130,287|142,183|
||Intangible fixed assets|||12,844||12,844|26,243|
||Current assets|||4,293,742||4,293,742|3,698,846|
||Creditors due within||one year|(3,471,741)||(3471,741)|(2,925.056)|
|||||965,132||965,132|942,216|
|||||Unrestricted|Restricted|Total|Total|
||Movement
tn|funds|(comparative)|Fundsf|Fundsf|2021f|2020f|
||Tangiblefixedassets|||142,183||142,183|109,007|
||Intangiblefixed|assets||26,243||26,243|18,983|
||Current assets|||3,698,846||3,698,846|2,039,692|
||Creditorsduewithin||one year|(2,925,056)||(2,925,056)|(1,316,865)|
|||||942,216||942,216|85D,817|
##
|he Charitable
Com p any had total comm itmenls
for land
perafingleasesasfollows:|and buildings
althe year-end
under
no no n|callable|
|---|---|---|
||2022
f|2021
f|
|Within
1 year
Between1
and 5years|169,054
450,809|121,507
619.863|
|Over 5years|||
||619,863|741,370|
##
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##
|Services|Organis ation|Relationship|Charge||Balance||
|---|---|---|---|---|---|---|
||||2022|2021|2022|2021|
||||K|K|K|K|
|Screenings|Genesis Cinema|Owner (TWalker-|||||
|BFC|Saffrey|Hebborn)||24,604||2,500|
|Consultancy|Champness|Partner (JGraydon)|57315|7355|31 276|7355|
|har
db|||||||
|Services|Organisation|Relationship|Charge||Balance||
||||2022|2021|2022|2021|
||||K|K|K|K|
|Grants
Microwave
Grants|ScreenSkills
BBC
GenesisCinema|Director(l Smith)
Director (GAtlas)
Owner (TWalker-|13,767|7,022
12,500||7,022
5,000|
|Sponsorship|Saffrey|Hebbom)|||2,600||
||Champness|Partner (JGraydon)|9000|7500||7500|