**Charity number: 1165046**
## **Film and Video Umbrella**
**Report of the Trustees and Unaudited Financial Statements**
**For the year ended 31 March 2022**
## **Film and Video Umbrella Contents Page For the year ended 31 March 2022**
|Report of the Trustees|1 to 7|
|---|---|
|Independent Examiner's Report to the Trustees|8|
|Statement of Financial Activities|9|
|Statement of Financial Position|10|
|Cashflow Statement|11|
|Notes to the Financial Statements|12to 19|
|Detailed Statement of Financial Activities|20to 21|
## **Trustees Report 2021 – 2022**
## **Objectives and Activities**
## **FVU Charitable Objects**
The objects of the CIO are, for the public benefit to:
- (1) promote and advance the visual arts, in particular but not exclusively the arts of film, video and the moving image, including by:
- (a) the promotion of and championing of artistic and cultural excellence in contemporary film, video and / or the moving image;
- (b) enabling the creation of works of artistic merit in film, video and / or the moving image; and
- (c) facilitating and presenting those artistic works to a varied and widespread audience
- and securing a presence for those artistic works in the public collections in Great Britain;
- (2) advance education in the visual arts, in particular but not exclusively by:
- (a) facilitating greater public access to artistic work in film, video and / or the moving image; (b) the encouragement of a wider understanding of contemporary and historical practice in film, video and the moving image; and
- (c) cultivating and improving practical and theoretical literacy in film, video and the moving image.
## **What FVU Does**
FVU specialises in curating, commissioning, producing, presenting and touring artists’ moving‐image work in the UK and internationally.
Since its inception in 1988, FVU’s raison d’etre has been to bring outstanding examples of artists’ moving image to new and diverse audiences across the UK, and to popularise this exciting and vibrant artform to people who might not already know it, or lack an opportunity to see it. Although FVU made its name presenting and promoting existing works from the fields of video art and experimental film, our mainstay now (as it has been for some time) is the commissioning and
production of new moving‐image works by artists. The works that we make are usually developed in close collaboration with venues across the country, who contribute funding, act as curatorial partners and showcase the resulting pieces, which often travel between two to three such partner venues, generally in Great Britain, but occasionally abroad. We usually commission five to six (though this number is increasing to eight to ten with the expansion of our online work) of these pieces a year, and it is our aim that they exemplify different creative approaches to the moving image (from film to digital, and often with a cross‐artform, or broader interdisciplinary character). The finished works are shown in a variety of exhibition contexts, including galleries, cinemas and other public spaces, as well as online. We also aspire that they communicate a range of contemporary subjects and themes that will reverberate with different audiences. FVU's promotional and publishing activities (in print and online) are equally carefully considered with different audiences in mind, and the talks and events we curate to accompany the stagings of our commissions are designed to offer further opportunities for the public to access and engage with our work.
A concurrent and intertwining aspect of FVU’s mission is to identify and nurture talent, and give it the widest possible exposure, while enabling it to realise its fullest potential. We do this by offering high‐level professional support throughout all stages of a project’s development and production – a commitment to excellence that extends to the care and knowhow we bring to its public
presentation. We enable artists to make step‐change works, acting as a safe pair of hands in which they can expand or experiment with their practice, working with new technologies, new ideas, or introducing them to and enabling them to collaborate with specialist expertise. Often working with early‐career artists, we have a knack of identifying the Turner Prize winners and nominees of the future: including Duncan Campbell, Luke Fowler, Isaac Julien, Janice Kerbel, Mark Leckey and Imran Peretta. We have repeatedly commissioned breakthrough or step‐change pieces that have taken artists’ works to new or larger audiences than they might have received before ‐ thereby enhancing their national and international profiles.
## **FVU Vision Statement**
Moving image is the most relevant and dynamic medium of our times. Film and Video Umbrella facilitates and advances artists’ work in the moving image, sharing that work with an increasingly wide, diverse and engaged audience.
## **FVU Mission Statement**
Film and Video Umbrella will enable artists to make challenging, innovative moving image works that are a step‐change in their practice, and ensures that those works are experienced and appreciated by wide and diverse audiences.
## **Aims**
FVU will deliver its artistic programme according to the following aims:
1. To deliver a broad and diverse artistic programme: a variety of projects nurtured for their artistic merit, scope and ambition, underwritten by FVU's impeccable track record of quality and delivery.
2. To support emerging artists who have not previously been commissioned, as well as more experienced artists who are on the threshold of becoming more established, where they lack the requisite backing from other sources to do so, to make work that reflects a step‐change in their practice, providing a safe pair of hands in which they can push their ideas, try out new ways of working, and experiment with new technologies or interdisciplinary practices.
3. To appeal to wide and diverse audiences via multiple different media, presentation methods and platforms.
4. To foster an ethos of collaboration to develop innovative initiatives with galleries, other venues, and organisations outside the sector, both nationally and internationally, that can result in projects with the capacity to excite and cross‐pollinate our audiences and expand on our genuinely national reach.
5. To commission artists, and to engage a workforce and an audience, that represent the diverse voices of the UK and elevate those voices to forward positive change and bring about equity both within and without the organisation.
6. To offer our expertise and experience in commissioning and presenting artists’ moving image to individuals and organisations who may benefit.
7. To advocate in the interests of the sector amongst stakeholders, from audiences, to Arts Council England, to government.
8. To be a sustainable organisation, creatively, environmentally, and financially.
## **FVU Principles and Values**
**Artist Centred:** The interests of artists drive our activities. We work to facilitate the visions of artists and aim to have a positive and transformative impact on their careers.
**Relevant and Responsive:** Our work is relevant to the audiences we serve, and responds to their feedback, prioritising the quality of their experience.
**Bridge Builders Between Artists and Audiences:** We have a duty to act as a bridge between
the artist’s intentions and the audience, to render work engaging and intelligible.
**Diverse and Inclusive:** We know we are not there yet, but we are committed to ongoing learning and change to create true equity, and to proactively removing obstacles to participation in our field.
**Risk‐Taking and Experimental:** We aspire to creative innovation – to avoid repetition and to challenge and push the scope of artists, audiences, the medium and ourselves.
**Collaborative:** Everything we do is a collaboration with an artist, and often multiple other creative parties and organisations, and we are committed to going on a positive collaborative journey on every project.
**Advocates and Critical Friends:** We have a duty to advocate for the artists and organisations that we work with, for the medium and on behalf of the sector, but also a duty of candour to the artists and organisations. We are committed to providing constructive responses, and to challenging poor practices within the organisation and without.
**Prioritising the Emerging and Under‐Supported:** Emerging artists will always take up at least 50% of our programme, and we want to back the talents who are struggling to find support elsewhere.
**Environmentally Sustainable:** We are committed to reducing our environmental impact to become carbon neutral by 2030.
## **Executive Summary 2021‐2022**
Over the past year, as the country has begun to emerge from the shadow of the pandemic, we have enjoyed celebrating new work in person once again with major gallery presentations throughout the UK. We saw a continued expansion for our online programme and micro‐commissions, and major productions have continued to be at the centre of our activity. This year has also seen a refreshment of the vision and values of the organisation as we prepare for a future where we will need to be increasingly nimble and dynamic to continue to commission and produce the very best of artists’ moving image.
## **Programme**
A cluster of major projects were launched in the first half of the year. We began with the pandemic‐ delayed launch of _Quarantaine_ by Georgina Starr at Glasgow International and Leeds Art Gallery in June 2021. _Lumen_ by Sutupa Biswas rapidly followed, starting its tour in Baltic, Gateshead in July, moving to Kettle’s Yard, Cambridge in October, and Autograph, London in March 2022. Patrick Goddard’s _Animal Antics_ was part of the main selection of British Art Show 9, the first of four iterations opened in Aberdeen in July 2021. In October, our new commission _Concrete Feathers and Porcelain Tacks_ by Helen Cammock was jointly staged at Photographers’ Gallery in London and Touchstones in Rochdale. Patrick Hough’s film, _The Black River of Herself_ began its exhibition run at Northern Gallery of Contemporary Art in Sunderland a few days after. The slate of exhibitions was rounded off with Jananne Al‐Ani’s widescreen installation _Timelines_ at Towner Gallery, Eastbourne in February 2022.
Parallel to these major gallery showings, our digital offering was enriched by a collaboration with Forestry England on two new online commissions by Ruth Maclennan and Rodell Warner under the collective title _In the Forest Something Stirred_ . Our suite of small‐scale commissions for our online strand ‘BEYOND’ continues to grow, with the final two works from the first series (by Kondo Heller and Maryam Tafakory) and the first of the second series (by Toby Parker‐Rees) all launched this year.
Many ‘BEYOND’ micro‐commissions moved past their original digital imagining to physical stagings, including: _The Gaslighting of a Nation_ by De’Anne Crooks at the Museum of the Home, London; _It’s Personal_ by Kyla Harris and Lou Macnamara at ONCA Gallery, Brighton; and _Wuhan Punk_ by Chris Zhongtain Yuan at Antenna Space, Shanghai.
Many of our recent productions enjoyed further outings on the international film festival circuit, with FVU works represented at BFI Film Festival London, Berlinale Film Festival, International Film Festival Rotterdam, Alchemy Film and Moving Image Festival, Belgrade Biennale, Athens International Film + Video Festival, and many more.
Production continued apace, not least on the final iteration of the Jerwood/FVU Awards, which will be launched in 2022 with new commissions by Michael. and Soojin Chang. A significant award from
the British Council facilitated a new film work by Ruth Maclennan, shot on the rim of the Arctic circle in December 2021.
## **Financial Review**
We finish the financial year in a heathy position, with income of £508,885 and expenditure of £525,243 for the year ending 31 March 2022. The overspend of £16,358 is largely due to outstanding production commitments from the previous financial year. Our main source of funding continues to be as an Arts Council England NPO, from who we received annual grant of £386,301 in 2021‐22, the last year of our current funding agreement. The remainder of our funding is secured through multi‐year funding partnerships like those with Art Fund, Contemporary Art Society and Jerwood Arts; through creative partnerships with organisations throughout the UK; AV kit hire and artwork sales; and other smaller sources of fundraising.
Following a review of our reserves, FVU will continue to maintain a reserve of £100,000 representing three months' worth of our staff and operating costs. In addition to our free reserves of £100,000, we have built up a £70,000 of general funds through careful financial management and fundraising. These funds have been planned to coincide with significant changes at FVU over the next two years. They are designated for the following uses:
- £50,000 for relocating FVU’s base outside of London. This will cover feasibility
- studies,
moving costs and establishing a new office.
- £20,000 for the recruitment of a new Director and new Chair of Trustees.
## **Structure, Governance and Management**
Film and Video Umbrella is registered with the Charity Commission for England and Wales and is constituted as a Charitable Incorporated Organisation number 1165046.
In 2021‐22, there were no new Trustee appointments, and Jon Armstrong stepped down as Trustee in December 2021.
The trustees and officers serving on 31 March 2022 are as follows:
- Eddie Berg
- Steven Bode
- Liz Draper
- Cliff Lauson
- Lawrence Lek
- Lucinda Lovell
- Kate Wilson (Chair)
The FVU principles and values were refreshed and published as below; there were no other changes to governance.
## **Reference and Administrative Information**
Name of Charity: Film and Video Umbrella Charity registration number: 1165046 Principal address: 8 Vine Yard, London SE1 1QL
## **Independent Examiner**
Andrew M Wells FMAAT
Counterculture Partnership LLP
99 Western Road, Lewes, East Sussex BN7 1RS
Approved by the Board of Trustees and signed on its behalf by
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
Kate Wilson, Chair
2 December 2022
## **Film and Video Umbrella**
## **Independent Examiners Report to the Trustees For the year ended 31 March 2022**
I report to the trustees on my examination of the accounts of the charity for the year ended 31 March 2022.
## **Responsibilities and basis of report**
As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiners statement**
Since the Charity's gross income exceeded £250,000, your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by virtue of my membership of Association of Accounting Technicians, which is one of the listed bodies.
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:
1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.
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 accounts to be reached.
Andrew M Wells FMAAT Counterculture Partnership LLP
99 Western Road Lewes East Sussex BN7 1RS
2 December 2022
8 of 21
## **Film and Video Umbrella**
## **Statement of Financial Activities For the year ended 31 March 2022**
||**Notes**|**Unrestricted**|**Restricted**|**2022**|**2021**|
|---|---|---|---|---|---|
|||**funds**|**funds**|||
|||**£**|**£**|**£**|**£**|
|**Income and endowments from:**||||||
|Donations and legacies|2|386,903|59,256|446,159|479,167|
|Charitable activities|3|62,690|-|62,690|46,335|
|Investments|4|35|-|35|215|
|**Total**||**449,628**|**59,256**|**508,884**|**525,717**|
|**Expenditure on:**||||||
|Charitable activities|5/6|(421,008)|(104,234)|(525,242)|(452,779)|
|**Total**||**(421,008)**|**(104,234)**|**(525,242)**|**(452,779)**|
|**Net income/expenditure**||**28,620**|**(44,978)**|**(16,358)**|**72,938**|
|**Reconciliation of funds**||||||
|Total funds brought forward||305,776|63,938|369,714|296,776|
|**Total funds carried forward**||**334,396**|**18,960**|**353,356**|**369,714**|
9 of 21
## **Film and Video Umbrella Statement of Financial Position As at 31 March 2022**
|**Notes**
**Fixed assets**
Tangible assets
12
**Current assets**
Stocks
13
14
Debtors
Cash at bank and in hand
**Creditors: amounts falling due within one year**
15
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**The funds of the charity**
Restricted income funds
16
Unrestricted income funds
16
**Total funds**|**£**
**2022**
8,696
**8,696**
2,942
39,690
322,420
**365,052**
(20,392)
**344,660**
**353,356**
**353,356**
18,960
334,396
**353,356**|**£**
**2021**
4,917|
|---|---|---|
|||**4,917**|
|||2,942
21,442
355,064|
|||**379,448**|
|||(14,651)
**364,797**|
|||**369,714**|
|||**369,714**|
|||63,938
305,776|
|||**369,714**|
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Kate Wilson (co-chair-person) Trustee
2 December 2022
10 of 21
## **Film and Video Umbrella**
## **Cashflow Statement For the year ended 31 March 2022**
|**Cash flow from operating activities**
Cash generated from operations
Dividends, interest and rent from investments
Purchase of tangible assets
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
**Cash generated from operations**
Net movement in funds
Adjustments for:
Depreciation and amortisation of fixed assets
Dividends, interest and rent from investments
Movement in working capital
(Increase)/decrease in stocks
(Increase)/decrease in debtors
Increase/(Decrease) in creditors
**Cash generated from operations**|(13,796)
35
(8,883)
(8,848)
(22,644)
355,064
332,420
(16,358)
5,104
(35)
-
(8,248)
5,741
(13,796)
**2022**|91,176
215
(1,945)
(1,730)
89,446
265,618
355,064
72,938
9,924
(215)
-
10,243
(1,714)
91,176
**2021**|
|---|---|---|
11 of 21
## **Film and Video Umbrella Notes to the Financial Statements For the year ended 31 March 2022**
## **1. Accounting Policies**
## **Basis of accounting**
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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 (FRS 102), and the Charities Act 2011.
Film and Video Umbrella meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
## **Going concern**
The financial statements are prepared, on a going concern basis, under the historical cost convention.
## **Funds**
The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital investment.
Designated funds comprise of unrestricted funds that have been set aside by the Trustees for particular purposes.
Restricted funds have been provided to the charity for particular purposes, and it is the policy of the board of trustees to carefully monitor the application of those funds in accordance with the restrictions placed upon them.
There is no formal policy of transfer between funds or on the allocation of funds to designated funds, other than that described above
## **Incoming resources**
All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
## **Resources expended**
Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure:
## **Taxation**
As a registered charity, the company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. Irrecoverable Value Added Tax is included in the relevant costs in the Statement of Financial Activities.
## **Tangible fixed assets**
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
## **Stocks and work in progress**
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
12 of 21
## **Film and Video Umbrella Notes to the Financial Statements Continued For the year ended 31 March 2022**
## **2. Income from donations and legacies**
||**Unrestricted**|**Restricted**|**2022**|**2021**|
|---|---|---|---|---|
||**funds**|**funds**|||
||**£**|**£**|**£**|**£**|
|Donations received|602|-|602|951|
|Grants received|386,301|59,256|445,557|478,216|
||**386,903**|**59,256**|**446,159**|**479,167**|
## **Analysis of grants received**
|Art Fund
Arts Council England National Lottery Project Grants
Arts Council England NPO
British Council
Jerwood Arts
Rothschild Foundation
Transfer of grant
**ncome from charitable activities**
**Unrestricted funds**
_Advancement of the visual Arts_
Project contribution
Sales of Works
Sales of Books
AV Equipment Hires
Sundries
**nvestment income**
**Unrestricted funds**
Bank interest receivable|**2022**
**£**
6,000
11,200
386,301
30,031
10,525
-
1,500
**445,557**
**2022**
**£**
51,527
-
936
7,353
2,874
**62,690**
**62,690**
**2022**
**£**
35
**35**|**2021**
**£**
27,800
14,000
386,301
-
40,600
1,000
8,515|
|---|---|---|
|||**478,216**|
|||**2021**
**£**
34,833
7,207
396
1,218
2,681|
|||**46,335**|
|||**46,335**|
|||**2021**
**£**
215|
|||**215**|
## **3. Income from charitable activities**
## **4. Investment income**
13 of 21
## **Film and Video Umbrella**
## **Notes to the Financial Statements Continued For the year ended 31 March 2022**
## **5. Costs of charitable activities by fund type**
|Advancement of the visual Arts
Support costs
**osts of charitable activities by activity type**
**Support costs**
Advancement of the visual Arts
**nalysis of support costs**
**Advancement of the visual Arts**
Management and staff
costs
Office running costs
Premises costs
Governance costs|**Unrestricted**
**funds**
**£**
232,974
188,034
**421,008**
**Activities**
**undertaken**
**directly**
**£**
337,208|**Restricted**
**funds**
**£**
104,234
-
**104,234**
**Support**
**costs**
**£**
188,034|**2022**
**£**
337,208
188,034
**525,242**
**2022**
**£**
525,242
**2022**
**£**
112,559
14,544
57,241
3,690
**188,034**|**2021**
**£**
256,112
196,667|
|---|---|---|---|---|
|||||**452,779**|
|||||**2021**
**£**
452,779
**2021**
**£**
108,591
23,153
60,163
4,760|
|||||**196,667**|
## **6. Costs of charitable activities by activity type**
## **7. Analysis of support costs**
## **8. Net income/(expenditure) for the year**
|This is stated after charging/(crediting):|||
|---|---|---|
||**2022**|**2021**|
||**£**|**£**|
|Depreciation of owned fixed assets|5,103|9,924|
|Accountancy fees|2,750|2,750|
|Staff pension contributions|6,133|5,040|
14 of 21
## **Film and Video Umbrella Notes to the Financial Statements Continued For the year ended 31 March 2022**
## **9. Staff costs and emoluments**
Total staff costs for the year ended 31 March 2022 were:
|Salaries and wages
Social security costs
Pension costs
Administration
Technical|**2022**
**£**
204,440
14,964
6,133
**225,537**
**2022**
1
4
**5**|**2021**
**£**
191,435
13,660
5,040|
|---|---|---|
|||**210,135**|
|||**2021**
1
4|
|||**5**|
## **10. Trustee remuneration and related party transactions**
One employee, Steven Bode, is also a trustee. His remuneration as an employee for the year was £55,000 (2021 £55,000) none of which was for services as a trustee.
## **11. Comparative for the Statement of Financial Activities**
|**Income and endowments from:**
Donations and legacies
Charitable activities
Investments
**Total**
**Expenditure on:**
Charitable activities
**Total**
**Net income**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
386,752
46,335
215
**433,302**
(424,302)
**(424,302)**
**9,000**
296,776
**305,776**|**Restricted**
**funds**
**£**
92,415
-
-
**92,415**
(28,477)
**(28,477)**
**63,938**
-
**63,938**|**2021**
**£**
479,167
46,335
215|
|---|---|---|---|
||||**525,717**|
||||(452,779)|
||||**(452,779)**|
||||**72,938**
296,776|
||||**369,714**|
15 of 21
## **Film and Video Umbrella Notes to the Financial Statements Continued For the year ended 31 March 2022**
## **12. Tangible fixed assets**
|**Cost or valuation**
At 01 April 2021
Additions
At 31 March 2022
**Depreciation**
At 01 April 2021
Charge for year
At 31 March 2022
**Net book values**
At 31 March 2022
At 31 March 2021
**13. Stocks and work in progress**
Stocks of raw materials
**14. Debtors**
**Amounts due within one year:**
Trade debtors
Prepayments and accrued income
Other debtors
**15. Creditors: amounts falling due within one year**
Trade creditors
Other creditors
Accruals and deferred income|**Plant and**
**machinery**
**£**
42,142
8,050
**50,192**
38,890
3,810
**42,700**
**7,492**
**3,252**|**Computer**
**equipment**
**£**
8,723
833
**9,556**
7,058
1,294
**8,352**
**1,204**
**1,665**
**2022**
**£**
2,942
**2,942**
**2022**
**£**
13,423
14,672
11,595
**39,690**
**2022**
**£**
11,828
5,814
2,750
**20,392**|**Total**
**£**
50,865
8,883|
|---|---|---|---|
||||**59,748**|
||||45,948
5,104|
||||**51,052**|
||||**8,696**|
||||**4,917**|
||||**2021**
**£**
2,942|
||||**2,942**|
||||**2021**
**£**
177
18,472
2,793|
||||**21,442**|
||||**2021**
**£**
7,285
4,616
2,750|
||||**14,651**|
16 of 21
## **Film and Video Umbrella Notes to the Financial Statements Continued For the year ended 31 March 2022**
## **16. Movement in funds**
## **Unrestricted Funds**
||**Balance at**|**Incoming**|**Outgoing**|**Transfers**|**Balance at**|
|---|---|---|---|---|---|
||**01/04/2021**|**resources**|**resources**||**31/03/2022**|
||**£**|**£**|**£**|**£**|**£**|
|_Designated_||||||
|HR designated fund|-|-|-|20,000|20,000|
|Projects designated|205,776|-|-|(70,006)|135,770|
|fund||||||
|Relocation designated|-|-|-|50,000|50,000|
|fund||||||
|Reserves designated|-|-|-|100,000|100,000|
|fund||||||
|_General_||||||
|General|100,000|449,628|(421,008)|(99,994)|28,626|
||**305,776**|**449,628**|**(421,008)**|**-**|**334,396**|
|**Unrestricted Funds - Previous year**||||||
||**Balance at**|**Incoming**|**Outgoing**|**Transfers**|**Balance at**|
||**01/04/2020**|**resources**|**resources**||**31/03/2021**|
||**£**|**£**|**£**|**£**|**£**|
|_Designated_||||||
|Projects designated|196,776|-|-|9,000|205,776|
|fund||||||
|_General_||||||
|General|100,000|433,302|(424,302)|(9,000)|100,000|
||**296,776**|**433,302**|**(424,302)**|**-**|**305,776**|
17 of 21
## **Film and Video Umbrella Notes to the Financial Statements Continued For the year ended 31 March 2022**
## **Purpose of unrestricted Funds**
## Reserves designated fund
The reserves designated fund holds funds that are ringfenced to ensure the future of the charity in the event of unforseen circumstances.
## Relocation designated fund
This fund holds monies designated towards the cost of a future relocation.
## HR designated fund
This fund holds monies designated for the cost of recruitment for key posts as they fall vacant.
## Projects designated fund
Amounts received that are designated for specific costs to which the charity is committed within the coming months.
## General
To promote and advance the visual arts in particular film, video and the moving image.
## **Restricted Funds**
||**Balance at**|**Incoming**|**Outgoing**|**Balance at**|
|---|---|---|---|---|
||**01/04/2021**|**resources**|**resources**|**31/03/2022**|
||**£**|**£**|**£**|**£**|
|Restricted funds|63,938|59,256|(104,234)|18,960|
||**63,938**|**59,256**|**(104,234)**|**18,960**|
|**Restricted Funds - Previous year**|||||
||**Balance at**|**Incoming**|**Outgoing**|**Balance at**|
||**01/04/2020**|**resources**|**resources**|**31/03/2021**|
||**£**|**£**|**£**|**£**|
|Restricted funds|-|92,415|(28,477)|63,938|
||**-**|**92,415**|**(28,477)**|**63,938**|
## **Purpose of restricted funds**
## Restricted funds
Restricted funds represent grants and donations made to fund specific projects
18 of 21
## **Film and Video Umbrella Notes to the Financial Statements Continued For the year ended 31 March 2022**
## **17. Analysis of net assets between funds**
||**Tangible**|**Net current**|**Net Assets**|
|---|---|---|---|
||**fixed assets**|**assets /**||
|||**(liabilities)**||
||**£**|**£**|**£**|
|**Unrestricted funds**||||
|_General_||||
|General|8,696|19,930|28,626|
|_Designated_||||
|HR designated fund|-|20,000|20,000|
|Projects designated fund|-|135,770|135,770|
|Relocation designated|-|50,000|50,000|
|fund||||
|Reserves designated fund|-|100,000|100,000|
|**Restricted funds**||||
|Restricted funds|-|18,960|18,960|
||**8,696**|**344,660**|**353,356**|
|**Previous year**||||
||**Tangible**|**Net current**|**Net Assets**|
||**fixed assets**|**assets /**||
|||**(liabilities)**||
||**£**|**£**|**£**|
|**Unrestricted funds**||||
|_General_||||
|General|4,917|95,083|100,000|
|_Designated_||||
|Projects designated fund|-|205,776|205,776|
|**Restricted funds**||||
|Restricted funds|-|63,938|63,938|
||**4,917**|**364,797**|**369,714**|
19 of 21
## **Film and Video Umbrella Detailed Statement of Financial Activities For the year ended 31 March 2022**
|**INCOME AND ENDOWMENT**
**Donations and legacies**
Donations
Grants receivable
**Charitable activities**
Project contribution
Sales of Works
Sales of Books
AV Equipment Hires
Sundry
Other income
**Investments**
Bank interest receivable
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Cost of sales - direct charitable activity
Staff costs - wages & salaries
Depreciation - owned assets
Freelancers
Travel, Subsistence, Accommodation
Marketing (Projects General)
Website Hosting and Build
Equipment
Equipment Maintenance / Consumables
Archive / Archive Maintenance
Project Admin / Set-Up / Fees
Pre-Production
Production
Post-Production
Presentation
Outreach / Events
Touring
Marketing (Specific Projects)
Publishing
Artists' fees
Project access
**SUPPORT COSTS**
**Management and staff costs**
Staff costs
Staff costs - social security costs
Staff costs - pension contributions|**£**
**2022**
602
445,557
**446,159**
51,527
-
936
7,353
2,874
-
**62,690**
35
**35**
**508,884**
(362)
(113,536)
(3,809)
(7,671)
(994)
(1,415)
(2,644)
(1,887)
-
(609)
(21,573)
(2,138)
(55,694)
(29,910)
(13,278)
(1,371)
(1,164)
(17,742)
(400)
(57,423)
(3,588)
**(337,208)**
(84,384)
(14,964)
(6,133)|**£**
**2021**
951
478,216|
|---|---|---|
|||**479,167**
34,833
7,207
396
1,218
181
2,500|
|||**46,335**
215|
|||**215**|
|||**525,717**
(1,804)
(107,895)
(8,428)
(4,681)
(74)
(1,590)
(6,178)
(199)
(535)
(1,780)
(8,372)
(3,936)
(29,531)
(22,038)
(5,129)
(129)
(247)
(8,993)
(1,500)
(39,152)
(3,921)|
|||**(256,112)**
(83,541)
(13,660)
(5,040)|
20 of 21
This page does not form part of the statutory financial statements
## **Film and Video Umbrella Detailed Statement of Financial Activities Continued For the year ended 31 March 2022**
|Freelancers
Recruitment and HR
**Office running costs**
Depreciation - owned assets
Telephone, Internet
Office Equipment
Office Software
Office Stationery / Printing
Postage / Couriers
Entertainment and Travel
Sundry Costs
Unreclaimable VAT
Office Supplies and Maintenance
**Premises costs**
Rent
Business Rates
Insurance, Security, Alarms, Keys
Utilities (Electricity / Service Charge)
Cleaning
**Governance costs**
Accountancy fees
Legal fees
**Total resources expended**
**Net Expenditure**|(5,288)
(1,790)
**(112,559)**
(1,294)
(3,161)
(279)
(2,994)
(119)
(131)
(1,171)
(2,512)
(2,054)
(829)
**(14,544)**
(40,500)
(5,335)
(5,513)
(4,918)
(975)
**(57,241)**
(2,750)
(940)
**(3,690)**
**(525,242)**
**(16,358)**|(4,641)
(1,709)|
|---|---|---|
|||**(108,591)**
(1,495)
(2,985)
(583)
(3,447)
(435)
(437)
(721)
(6,213)
(2,185)
(4,652)|
|||**(23,153)**
(44,233)
(5,335)
(4,427)
(4,668)
(1,500)|
|||**(60,163)**
(2,750)
(2,010)|
|||**(4,760)**|
|||**(452,779)**|
|||**72,938**|
21 of 21 This page does not form part of the statutory financial statements