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2021-03-31-accounts

		Page
Trustees' report		1-6
Independent examiner's	report
Statement offinancial activities
Balance sheet
Statement ofcash flows		10
Notes to the financial statements		11-18

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
		Notes	2021	2021 f.	2021	2020f	2020	2020
Ig~~fm: Charitable activities		3	67,322	75,751	143,073	65,029		65,029
Expenditure on.
Charitable activities		4	47,134	20,692	67,826	64,984	21,214	86,198
Net income/(expenditure)
forthe year/
Net movement	in funds		20,188	55,059	75,247	45	(21,214)	(21,169)
Fund balances	at 1
Apdil 2020				449,613	449,613	(45)	470,827	470,782
Fund balances	at 31
March 2021			20,188	504,672	524,860		449,613	449,613

				2021		2020
			Notes	6		6
Fixed assets
Tangible assets					448,408		423,850
Current assets
Debtors				17,406		12,084
Cash at bank and	in	hand		100,946		28,340
				118,352		40,424
Creditors: amounts		falling due within
one year			10	(41,900)		(14,661)
Net current assets					76,452		25,763
Total assets less	current liabilities				524,860		449,613
Income funds
Restricted funds					504,672		449,613
Unrestricted funds					20,188
					524,860		449,613

					2021		2020
				Notes	f		E
Cash flows from operating			activities
Cash generated		from operations		13		117,856		125
Investing	activities
Purchase	oftangible fixed assets				(45,250)
Net cash	used	in investing	activities			(45,250)
Net cash	used	in financing	activities
Net increase in		cash and cash equivalents				72,606		125
Cash and	cash	equivalents	at beginning	ofyear		28,340		28,215
Cash and	cash	equivalents	at end of	year		100,946		28,340

						Charitable	Charitable
						Income	Income
						2021	2020
						6	6
Grants						75,751	4,167
Rental income						67,322	60,812
Other income							50
						143,073	65,029
Analysis	by fund
Unrestricted		funds				67,322	65,029
Restricted funds						75,751
						143,073	65,029
Grants
Cumbria	County Council					32,000
Sir John	Fisher Foundation					18,500
Francis	CScott Charitable			Trust		10,000
The National		Lottery Heritage			Fund	9,745
The Hadfield		Charitable	Trust			3,506
The Rank Foundation						2,000
Other							4,167
						75,751	4,167

				2021	2020
				6
Water rates				643	846
Cleaning				866	3,365
Light and heat				10,357	13,473
Repairs and maintenance				14,338	8,823
Computer running	costs			240	135
Dues and subscriptions				140	70
Professional fees				8,877	10,916
Facilities management			fees	4,600	6,367
Book-keeping fees				2,020	1,863
Bank charges				81	71
Insurance				820	1,627
Advertising					7,455
Telephone				543	424
Sundry expenses				1,399	8,693
Travelling expenses				517
				45,441	64,128
Share of support costs			(see note 5)	20,692	20,772
Share ofgovernance		costs (see note 5)		1,693	1,298
				67,826	86,198
Analysis by fund
Unrestricted funds				47,134	64,984
Restricted funds				20,692	21,214
				67,826	86,198

Support	costs
		Support	Governance	2021	Support	Governance	2020
		costs	costs		costs	costs
		5	5		6	5	6
Depreciation		20,692		20,692	20,772		20,772
Accountancy			1,307	1,307		1,287	1,287
Corporation tax			386	386		11	11
		20,692	1,693	22,385	20,772	1,298	22,070
Analysed	between
Charitable	activities	20,692	1,693	22,385	20,772	1,298	22,070

The average monthly number ofemployees	during the year was:
	2021	2020
	Number	Number
Total

Tangible fixed asset	s
		Improvements	to propertyf
Cost
At 1 April 2020			620,754
Additions			45,250
At 31 March 2021			666,004
Depreciation and impairment
At 1 April 2020			196,904
Depreciation charged	in the year		20,692
At 31 March 2021			217,596
Carrying amount
At 31 March 2021			448,408
At 31 March 2020			423,850
Debtors
		2021	2020
Amounts falling due	within one year:		8
Trade debtors		9,444	2,339
Other debtors		1,608	1,245
Prepayments and accrued income		6,354	8,500
		17,406	12,084
Creditors: amounts	falling due within one year
		2021	2020
		8
Corporation tax payable		397
Other creditors		16,423
Accruals and deferred	income	25,080	14,650
		41,900	14,661

11	Analysis of	net assets	between	funds
			Unrestricted		Restricted	Total	Unrestricted	Restricted	Total
				funds	funds		funds	funds
				2021	2021	2021	2020	2020	2020
						6	f		f
	Fund balances at 31
	March 2021	are
	represented	by:
	Tangible assets				448,408	448,408		423,850	423,850
	Current assets/
	(liabilities)		20,188		56,264	76,452		25,763	25,763
			20,188		504,672	524,860		449,613	449,613

12	Related party transactions	Related party transactions
	Signal Film & Media Limited is a charitable		company		under the control of the trustees of Creative Studios
	Cumbria Limited. During the year the	charity		received		rent of f9,006 (2020 - F7,360) from,	and paid
	expenses ofF8,200 (2020 - 613,880)to,	Signal		Film 8 Media Limited.
13	Cash generated from operations					2021	2020f
	Surplus/(deficit) for the year					75,247	(21,169)
	Adjustments for:
	Depreciation and impairment oftangible	fixed assets				20,692	20,772
	Movements in working capital:
	(Increase) in debtors					(5,322)	(12,084)
	Increase in creditors					27,239	12,606
	Cash generated from operations					117,856	125
14	Analysis ofchanges in net funds
	The charity had no debt during the year.