## ## ## ## |||Page| |---|---|---| |Trustees'
report||1 —6| |Independent
auditors'|report|7 —9| |Consolidated
Statement
ofFinancial Activities||10| |Statement ofFinancial|Activities|| |Consolidated
Balance|Sheet|| |Consolidated
Cash Flow Statement||| |Notes to the financial|statements|14-25| ## ## ## |Reference and administrative
details|Reference and administrative
details|||||||| |---|---|---|---|---|---|---|---|---| |Official name ofcharity:||International|Documentary||||Festival|Sheffield| |Other working name:||Sheffield DocFest||||||| |Charity registration|number:|1184849||||||| |Trustees:||A Cooke (Chair)||||||| |||PArmstrong||||||| |||M Benjamin||||(Resigned||13January 2022)| |||J Clinton-Davis||||||| |||BEdwards||||||| |||G Gold||||(Appointed||21 September 2021)| |||D Gordon||||(Appointed||21 September 2021)| |||P Holland||||(Resigned||27 April 2021)| |||F Khan||||(Appointed||21 September 2021)| |||J Kimber||||(Appointed||21 September 2021)| |||D Lawford||||||| |||SJackson||||(Resigned||8June 2020)| |||S Mirzoeff||||(Appointed||22 February 2022)| |||BPatel||||(Appointed||21 September 2021)| |||SSabaratnam||||||| |||H Scott||||||| |Registered Office:||The Workstation||||||| |||15Paternoster||Row||||| |||Sheffield||||||| |||61 2BX||||||| |Bankers:||The Co-operative|||Bank|||| |||60/62 Pinstone||St||||| |||Sheffield||||||| |||61 2HP||||||| |Auditors:||Hawsons
Chartered||||Accountants||| |||Statutory
Auditors||||||| |||Pegasus House||||||| |||463a Glossop|Road|||||| |||Sheffield||||||| |||S102QD||||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## International Documentary Festival Sheffield Independent Auditors. report to the members of International Documentary Festlval Sheffield (continued) Audit procedures perfomied by the engagemenl team induded.. Discussions with management and those responsible for legal compliance procedures wthin the charity to obtain an understanding of the legal and regulatory framework applicable lo the charity and how the charity complies with that framewofk. including consideration of known or suspected instances of non-compliance with laws and regulations and fraud.. Reviewing minutes of Board meets'ngs" Identifying and assessing the design effectiveness of controls that management has in Pla￿ lo prevent and detect fraud and non-cornpliance ￿th laws and regulations.. Challenging assumptions and judgements made by management in their significant accounting estimates- Identifying and testing joumal entries. in particular any ioufflal entries posted with unusual a￿Ount combinations or posted by senior management. There are inherent limitation5 in the audit procedures described a￿ve and the more removed non-compliance with laws and regulations is from the events and transaclions reflected in the financial statements, the less likely we are to become aware ol it. Also. Ihe risk of rKJt detecting a material misslalemenl due lo fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by. for example, forgery or intentional mIsrepresenta￿n$. or through collusK)n. A fvrther description of our respon￿bIlItIeS is available on the Financial Reporting Council's website at www.frc.org.Ltklauditorslaudit-assurancelauditor-s-responsibilrties-foT-the-audrt-of-the-fildescriplion-of -Ihe-audilo¢s-responsibilities-for. This description frmis part of our audilorfs report. U$9 of our r8POrt This report is made solely to the charity's truslees. as a boty. in ac¢ordan¢e with Part 4 of the Charities (Accounts and Reports} Regulations 2008. Our audit work has been undertaken so that we might slate to the charity's trustees those matters we are required to stste to them in an auditor's report and for no other purpose. To the fullest extent pem)itted by law, we do not accept or assume ￿SpOnsIbl11ty lo anyone other thari the eharity and the charity's Trustees as a body. for OUT audit work. for thi5 report. or for the opinions we have formed. Hawsons Chartered Accountsnts Stalulory Audilo Pegasus House 463a Glossop Road Sheffield S102QD Hawsons Chartered Accounlanls is e1￿ible to acl as an aud￿ in terms of section 1212 of the Companies Act 2006. Dale.. ## ## ## ||||||Period|Period| |---|---|---|---|---|---|---| ||||||ended|ended| ||||||31 July|31 March| ||||Restricted|Unrestricted|2021|2020| |||Notes|Fundsf|Funds
6|Totalf|Total| |Incoming Resources||||||| |Grants and donations||2|374,358|941,325|1,315,683|254,720| |Other income||||||60,277| |Activities for generating|funds|4||236,356|236,356|| |Charitable
activities||3||197,453|197,453|73,007| |Total incoming
resources|||374,358|1,375,134|1,749,492|388,004| |Resources expended||||||| |Costs ofgenerating
voluntary
income||||10,000|10,000|10,000| |Chadtable
activities|||452,271|1,145,104|1,597,375|489,788| |Other costs||||10,000|10,000|10,000| |Total resources expended|||452,271|1,165,104|1,617,375|509,788| |Net incoming/(outgoing)
resources|||(77,913)|210,030|132,117|(121,784)| |Transfers||||||| |Other recognised gains:||||||| |Capital introduced||||||71,773| |Net movement
in funds|||(77,913)|210,030|132,117|(50,011)| |Funds brought forward|||98,871|(148,882)|(50,011)|| |Funds carried forward|||20,958|61,148|82,106|(50,011)| ## ## ## |||||Period|Period| |---|---|---|---|---|---| |||||ended|ended| |||||31 July|31 March| |||Restricted|Unrestricted|2021|2020| ||Notes|Funds|Funds|Total|Total| |||6||F|6| |Incoming Resources|||||| |Grants and donations||374,358|941,325|1,315,683|254,720| |Other income|||228,000|228,000|60,277| |Charitable
activities|||197,453|197,453|73,007| |Total incoming resources||374,358|1,366,778|1,741,136|388,004| |Resources expended|||||| |Costs ofgenerating
voluntary
income|||10,000|10,000|10,000| |Charitable
activities||452,271|1,136,604|1,588,875|489,788| |Other costs|||10,000|10,000|10,000| |Total resources expended||452,271|1,156,604|1,608,875|509,788| |Net incoming/(outgoing)
resources||(77,913)|210,174|132,261|(121,784)| |Transfers|||||| |Other recognised gains:|||||| |Capital introduced|||||71,773| |Net movement
in funds||(77,913)|210,174|132,261|(50,011)| |Funds brought forward||98,871|(148,882)|(50,011)|| |Funds carried forward||20,958|61,292|82,250|(50,011)| ## ## ## |31July 2021|||||| |---|---|---|---|---|---| |||31 July||31|March| ||Notes|2021||2020|| |||Group
E|Charityf|Group
6|Charity
6| |FIXEDASSETS|||||| |Tangible fixed assets|15|2,658|2,658|3,779|3,779| |Investments|16||10||| |||2,658|2,668|3,779|3,779| |CURRENT ASSETS|||||| |Debtors|17|164,697|145,927|130,077|130,077| |Cash at bank and in hand||218,979|218,979|154,297|154,297| |||383,676|364,906|284,374|284,374| |CREDITORS —amounts|18|(304,228)|(285,324)|(338,164)|(338,164)| |falling due within|||||| |one year|||||| |Net current (liabilities)||79,448|79,582|(53,790)|(53,790)| |Total assets less current|||||| |liabilities|||||| |||82,106|82,250|(50,011)|(50,011)| |NET ASSETS||82,106|82,250|(50,011)|(50,011)| |CHARITY FUNDS|||||| |Restricted funds
Unrestricted
funds|20
21|20,958
61,148|20,958
61.292|98,871
~14A882|98,871
~148.882| |TOTAL CHARITY FUNDS||82,106|82,250|(50,011)|(50,011)| ## ## ## ||||Notes|2021|2020| |---|---|---|---|---|---| |||||6|| |Cash flow from operating|activities||22|67,512|162,272| |Cash flow from investing
activities
Payments
to acquire tangible
fixed assets||||~2,539|~7.975| |Net cash flow from investing||activities||(2,830)|(7,975)| |Net increase I(decrease)|in|cash and cash equivalents||64,682|154,297| |Cash and cash equivalents||at 1 April||154,297|| |Cash and cash equivalents||at 31July||218,979|154,297| |Cash and cash equivalents||consist of:|||| |Cash at bank and in hand||||218,979|154,297| |Short term deposits|||||| |Cash and cash equivalents||at 31July||218,979|154,297| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |2.|Grants &donatio|ns|||||||| |---|---|---|---|---|---|---|---|---|---| |||||||Penod|Period|Period|Period| |||||||ended|ended|ended|ended| |||||||31 July|31 July|31 March|31 March| |||||||2021|2021|2020|2020| |||||||Group|Charity|Group|Charity| |||||||E|E|8|6| ||Restricted||||||||| ||Art Council England||NPO|||234,494|234,494|35,720|35,720| ||BFI International|Fund||||60,000|60,000|40,000|40,000| ||Welicome Trust|||||28,782|28,782|120,000|120,000| ||Media
Access|to|Markets||Fund|51,082|51,082||| ||(Creative Europe)||||||||| ||Total restricted|||||374,358|374,358|195,720|195,720| ||Unrestricted||||||||| ||Sheffield
City Council|||||300,000|300,000||| ||UK Trade and Investment|||||10,000|10,000||| ||Film in Limerick|||||8,325|8,325||| ||BFI|||||420,000|420,000||| ||BBC|||||41,000|41,000||| ||Channel 4|||||40,000|40,000||| ||ITV Productions|||||35,000|35,000||| ||University
ofSheffield|||||8,333|8,333||| ||Creative Scotland|||||5,890|5,890||| ||Getty Images|||||8,000|8,000||| ||PBSAmerica|||||5,000|5,000||| ||Whicker's
World Foundation|||||9,796|9,796||| ||Irish Delegation|||||5,580|5,580||| ||Site Gallery|||||5,000|5,000||| ||General donation|income||||24,667|24,667||| ||Government
furlough||scheme|||2,234|2,234||| ||Netilix|||||||14,500|14,500| ||Sheffield Hallam|University||||||10,000|10,000| ||The Bertha Foundation|||||12,500|12,500|25,000|25,000| ||UKTV|||||||8,000|8,000| ||Church Burgesses Trust|||||||1,500|1,500| ||Total unrestricted|||||941,325|941,325|59,000|59,000| |3.|Income from charitable|||activities|||||| |||||||Periiod|Period|Period|Period| |||||||ended|ended|ended|ended| |||||||31 July|31 July|31 March|31 March| |||||||2021|2021|2020|2020| |||||||Groupf|Chariity
8|Group
E|Charityf| ||Ticket sales|||||29,353|29,353||| ||Film submissions|||||76,779|76,779|73,007|73,007| ||Delegate income|||||91,321|91,321||| |||||||197,453|197,453|73,007|73,007| ## ## ## ## |||||Period|Period|Period|Period| |---|---|---|---|---|---|---|---| |||||ended|ended|ended|ended| |||||31 July|31 July|31 March|31 March| |||||2021|2021|2020|2020| |||||Group
F|Charity
F|Groupf|Charityf| ||Sponsorship|||236,356|||| |5.|Net outgoing|resources|||||| |||||Period|Period|Period|Period| |||||ended|ended|ended|ended| |||||31 July|31 July|31 March|31 March| |||||2021|2021|2020|2020| |||||Groupf|Chariityf|Group
F|Charityf| ||This is stated|after charging|||||| ||Depreciation
Government|furlough|scheme|3,951
~2,234|3,951
~2,234|4,196|4,196| ## ## |Cost of|gener|ating|voluntary
inco|me|||| |---|---|---|---|---|---|---|---| |||||Period|Period|Period|Periiod| |||||ended|ended|ended|ended| |||||31 July|31 July|31 March|31 March| |||||2021|2021|2020|2020| |||||Groupf|Charity
F|Group
F|Charityf| |Support|costs|(note|10)|10,000|10,000|10,000|10,000| ## ## ## ## |8.|Charitable
activities|||||| |---|---|---|---|---|---|---| ||||Period|Period|Penod|Period| ||||ended|ended|ended|ended| ||||31 July|31 July|31 March|31 March| ||||2021|2021|2020|2020| ||||Group|Charity|Group|Charity| |||||E|E|F| ||Wages and salaries||595,362|595,362|279,152|279,152| ||Festival programmer,
press and other salaries||376,375|376,375|125,944|125,944| ||Festival, pdnt & publicity||274,411|274,411|31,105|31,105| ||Social events, receptions, sessions
and projects||30,446|30,446|27,411|27,411| ||Print hire and transport||41,645|41,645||| ||Equipment
hire||45,835|45,835||| ||Travel and accommodation||183|183||| ||Advertising||55,880|47,380|6,674|6,674| ||Venue hire||65,455|65,455||| ||||1,485,592|1,477,092|470,286|470,286| ||Support costs (note 10)||111,783|111,783|19,502|19,502| ||Total cost ofcharitable|activities|1,597,375|1,588,875|489,788|489,788| |9.|Other costs||Period|Period|Period|Period| ||||ended|ended|ended|ended| ||||31 July|31 July|31 March|31 March| ||||2021|2021|2020|2020| ||||Group|Charity|Group|Charity| ||||E|E|E|E| ||Support costs (note 10)||10,000|10,000|10,000|10,000| ## ## ## |10.|Indirect support costs|Indirect support costs|Indirect support costs||Pediod|Pediod|Period|Period| |---|---|---|---|---|---|---|---|---| ||||||ended|ended|ended|ended| ||||||31 July|31 July|31 March|31 March| ||||||2021|2021|2020|2020| ||||||Groupf|Charity
F|Groupf|Charity| ||Rent and rates||||35,471|35,471|11,591|11,591| ||Light, heat and power||||7,503|7,503|1,460|1,460| ||Insurance||||14,091|14,091||| ||Repairs and renewals||||||8,600|8,600| ||Telephone
and fax||||2,385|2,385|1,448|1,448| ||Printing,
postage and||stationery||565|565|1,736|1,736| ||Sundry expenses||||2,605|2,605|3,069|3,069| ||Cleaning||||1,293|1,293|720|720| ||Auditors
remuneration||||20,050|20,050||| ||Legal and professional||fees||24,766|24,766|6,180|6,180| ||Bank charges||||2,104|2,104|502|502| ||Depreciation||||3,951|3,951|4,196|4,196| ||ITexpenses||||16,699|16,699||| ||Subscriptions||||300|300||| ||||||131,783|131,783|39,502|39,502| ||Allocation|||||||| ||Cost ofgenerating|voluntary||income|10,000|10,000|10,000|10,000| ||Charitable
activities||||111,783|111,783|19,502|19,502| ||Other costs||||10,000|10 ODD|10,000|10000| ||||||131,783|131,783|39,502|39,502| ## |Staffcosts and trustees remune|ration|||| |---|---|---|---|---| ||Period|Period|Period|Period| ||ended|ended|ended|ended| ||31 July|31 July|31 March|31 March| ||2021|2021|2020|2020| ||Groupf|Charityf|Groupf|Charityf| |Wages and salaries|903,022|903,022|371,624|371,624| |Social security costs|56,691|56,691|27,777|27,777| |Pension costs|12,024|12,024|5,895|5,695| ||971,737|971,737|405,096|405,096| ## ## ## ## |||Restricted|Unrestdicted|Total| |---|---|---|---|---| |||||E| |Tangible|fixed assets||2,658|2,658| |Current
Current|assets
liabilities|20,958|362,718
~304,228|383,676
~304.228| |||20,958|61,148|82,106| ## ## ## |13.|Analysis|ofnet assets between funds|(continued)|||| |---|---|---|---|---|---|---| ||2021 —Charity|||||| |||||Restricted|Unrestricted|Total| |||||||F| ||Tangible|fixed assets|||2,668|2,668| ||Current
Current|assets
liabilities||20,958|343,948
(28 ~ .324(|364,906
~(285,324| |||||20,958|61,292|82,250| ||2020 —Group and charity|||||| |||||Restricted|Unrestricted|Total| |||||||F| ||Tangible|fixed assets|||3,779|3,779| ||Current
Current|assets
liabilities||98,871|185,503
~338,194|284,374
~338,164| |||||98,871|(148,882)|(50,011)| |14.|Financial commitments|||||| |||||2021||2020| ||As at 31|July /31 March the annual|Groupf|Charity
F|Group
F|Charityf| ||commitments
under non-cancellable|||||| ||operating|leases were as follows:-||||| ||Due within
1 year||8,061|8,061|14,202|14,202| ||Due within
1 to 2 years||||13,434|13,434| ||||8,061|8,061|27,636|27,636| ## ## ## |15.|Tangible Axed|assets|||||||| |---|---|---|---|---|---|---|---|---|---| ||Group and charity|||||||Fixtures|| |||||||||Fittings &|| |||||||||equipment|Total| |||||||||5|| ||Cost||||||||| ||At 1 April 2020|||||||7,975|7,975| ||Additions|||||||2,830|2,830| ||At 31 July 2021|||||||10,805|10,805| ||Depreciation||||||||| ||At 1 April 2020|||||||4,196|4,196| ||Charge for the|period||||||3,951|3,951| ||At 31 July 2021|||||||8,147|8,147| ||Net book value||||||||| ||At 31 July 2021|||||||2,658|2,658| ||At 1 April 2020|||||||3,779|3,779| |16.|Investment
in|subsidiary|undertakings||||||| ||Cost ofshares|in subsidiary||undertaking|||||| ||At 1 April 2020||||||||| ||Additions||||||||10| ||31 July 2021||||||||10| ||The subsidiary|ofthe charity at 31 July 2021 (incorporated||||in|England) was:||| |||||Class of|||Direct/|Aggregate|| |||||shares|||indirect|capital and|Loss| |||||held|% held||holding|reserves
f|for the year
E| ||Sheffield DocFest Limited
132?4186|||Ordinary|100||Direct|(134)|(144)| ## ## ## |17.|Debtors||||||| |---|---|---|---|---|---|---|---| |||||2021|2021|2020|2020| |||||6|F|F|6| ||Due within one year|||Group|Charity|Group|Charity| ||Trade debtors|||20,032|1,682|7,620|7,620| ||Other debtors|||27,163|26,743|2,611|2.611| ||Prepayments
and accrued income|||117,502|117,502|119,846|119846| |||||164,697|145,927|130,077|130,077| |18.|Creditors||||||| |||||2021f|2021|2020|2020
6| ||Amounts|falling due|within one year|Group|Charity|Group|Charity| ||Trade creditors|||101,577|101,577|63,012|63,012| ||Other creditors|||1,469|1,469|24,045|24,045| ||Taxation|and social security||10,994|9,194|32,997|32,997| ||Accruals|and deferred|income|190,188|160,188|218,110|218,110| ||Group balances||||12,896||| |||||304,228|285,324|338 164|338 164| |19.|Deferred|income|||||| |||||2021|2021|2020|2020| ||||||F||| |||||Group|Charity|Group|Charity| ||Balance|at beginning|ofperiod|211,059|211,059||| ||Amounts
received during the period
Amount released
in the pedod|||68,296
~233.059|38,296
~211,059|211,059|211,059| ||Balance|at the end of|the period|68 296|38,296|211,059|211,059| ## ## ## ## |2021|||Balance at|Incoming|Resources|Transfer|Balance at| |---|---|---|---|---|---|---|---| ||||beginning|resources|expensed||31 July| ||||ofperiodf||||| |Restricted||income|||||| |funds|||||||| |Wellcome Trust|||118,400|28,782|(136,995)||10,187| |Marketplace|(BFI)||(5,007)|60,000|(54,993)||| |Arts Programme
Creative Europe||(ACE)
(Market)|(14,522)|234,494
51.552|(219,711)
~45.572||261
10,510| ||||98,871|374,358|(452,271)||20,958| |2020|||Balance at|Incoming|Resources|Transfer|Balance at| ||||beginning|resources|expensed||31 July| ||||ofperiodf||||| |Restricted||income|||||| |funds|||||||| |Wellcome Trust||||120,000|(1,600)||118,400| |Marketplace|(BFI)|||40,000|(45,007)||(5,007)| |Arts Programme||(ACE)||35,720|(40,242)||(14,522)| |||||195,720|(96,849)||98,871| ## ## ## ## ## |||2021|2020| |---|---|---|---| |||Group|Group| |||E|E| |Net incoming resources||132,117|(50,011)| |Income tax expense|||19,912| |Net outgoing resources from operations||132,117|(30,099)| |Depreciation||3,951|4,196| |(Increase)
in debtors||(34,620)|(130,077)| |Increase
in creditors||(14,024)|318,252| |Income tax paid||(19,912)|| |Net cash inflow from operating|activities|67,512|162,272| ## |||1 April|Cash flow|Other non-|31 July 2021| |---|---|---|---|---|---| |||2020||cash|| |||||charges|| |||E|E|E|| |Cash|at the bank and in hand|154,297|64,682||218,979| |Debts|falling due within one year||||| |Debts|falling due after one year||||| |||154,297|64,682||218,979| ##