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2023-12-31-accounts

NORTH WALSHAM ATRIUM SOCIABLE COMMUNITY CINEMA CIO

UNAUDITED TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees present their annual report together with the financial statements for the 1 January 2023 to the 31 December 2023.

SECTION A: REFERENCE AND ADMINISTRATION DETAILS

Charity name

NORTH WALSHAM ATRIUM SOCIABLE COMMUNITY CINEMA CIO

Other names the charity is known by

None

Registered charity number

1196310

Charity’s principal address

3 The Street, Dilham, North Walsham, Norfolk NR28 9PS

Names of the charity trustees who manage the charity

Trottie Kirwan Teresa Hughes Paula Crossley Josephine Collier Richard Crossley Gillian Kimmerling Robert Harmon Susan Cody Karin Burley (appointed 13 August 2023)

Independent examiner of the accounts

Jonathan Saunderson, Little Mount, Links Road, Mundesley, Norwich NR11 8AT

SECTION B: STRUCTURE, GOVERNANCE AND MANAGEMENT

GOVERNING DOCUMENT

1

NORTH WALSHAM ATRIUM SOCIABLE COMMUNITY CINEMA adopted a Charity Commission Model Constitution for a Charitable Incorporated Organisation, whose only voting members are its trustees, on 7 March 2021. There were no subsequent changes to the governing document.

TRUSTEE SELECTION METHODS

The management of the charity is the responsibility of the trustees who are elected and co-opted under the terms of the Charity Commission Model Constitution.

ORGANISATIONAL STRUCTURE AND DECISION MAKING

The trustees meet quarterly. They have policies governing safeguarding vulnerable beneficiaries and volunteer management. A health and safety policy is not required.

SECTION C: OBJECTIVES AND ACTIVITIES

OBJECTIVES

The Charity Commission entered the charity onto the Register of Charities with the Registered Charity Number 1196310 on 28 October 2021 with charitable objects to:

Promote for the benefit of the inhabitants of North Walsham and the surrounding area the provision of facilities for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving the condition of life for the said inhabitants.

MAIN ACTIVITIES UNDERTAKEN FOR THE PUBLIC BENEFIT IN RELATION TO THESE OBJECTS

In fulfilment of its charitable objects, the charity offered an affordable and diverse cinema programme at The Atrium in North Walsham with films every month between January and December 2023.

SECTION D: ACHIEVEMENTS AND PERFORMANCE

Between January and December 2023, and in fulfilment of its charitable objects, NORTH WALSHAM ATRIUM SOCIABLE COMMUNITY CINEMA offered an affordable and diverse cinema programme at The Atrium in North Walsham with films every month. A total of 24 films were screened:

* In the financial statements the income from matinee screenings is split £3 for ticket sales and £2 for the provision of refreshments.

With many people still feeling anxious about socialising post COVID-19, and the additional pressure of the cost-of-living crisis, it was important to the charity to continue its programme with the same ticket prices as in 2022. The core audience for matinees comprises older and socially isolated people, many of

2

whom have come to rely on the film screenings for building and maintaining friendships and peer support networks. Many of the families who consistently attend the family films are on low incomes. For both these additional reasons, the trustees were reluctant to increase ticket prices in 2023, despite an increase in all costs.

The programme attracted a total audience of 2,121 people, an average of 88 per screening , compared to an average of 91 in 2022.

Other highlights in the year were sell-out screenings of Mrs Harris Goes to Paris (a matinee) and Singalong Encanto (a family film). The charity also secured £2,100 in grants : £600 from North Walsham Community Shop (a repeat funder) to continue to place monthly adverts in the local free paper, the North Walsham Times; and £1,500 from Interconnector (a new funder) for the new town-wide Rite of Spring Festival in May 2023, in which the charity played a key organisational role.

SECTION E: FINANCIAL REVIEW

• FINANCIAL RISK MANAGEMENT, OBJECTIVES AND POLICIES

The trustees adopted a policy for the allocation of reserve funds on 13 August 2023, agreeing to keep the financial reserves at a minimum of £3,000.

• KEY FINANCIAL PERFORMANCE INDICATORS

Restricted funds are those which may only be used for the specific purpose for which they were given. These are usually grants and, in these financial statements, they refer to the two grants. Unrestricted funds are those which can be used for any purpose in furtherment of the charity’s object, namely all earned income from sales and general donations.

Total income increased by 33% from £10,364 in 2022 to £13,744 in 2023. Of this:

Total expenditure increased by 61% from £9,696 in 2022 to £15,645 in 2023.

The allocations for unrestricted funds were:

The allocations for restricted funds were:

This demonstrates that, whilst income increased by 33%, this fell some way short of meeting the 61% increase in costs. Furthermore, to accurately assess the impact of these figures it must be noted that in 2022 the charity screened 16 films, which is 50% fewer than in 2023. This means that in real terms:

3

The overall position is that the charity made a loss of £1,901 and carries forward £4,357 to 2024, of which £3,857 are unrestricted funds and £500 are restricted funds.

GOING CONCERN

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

SECTION F: DECLARATION

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees by

Paula Crossley, Trustee 29 / 08 / 2024

Independent Examiner’s Report on the Accounts

Report to the trustees/ members of: NORTH WALSHAM ATRIUM SOCIABLE COMMUNITY CINEMA

Charity no: 1196310

On accounts for the year ended: 31 December 2023

Set out on pages: 6-10

Responsibilities and basis of report

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/12/2023.

4

As the charity trustees, you are responsible for the preparation of the accounts in accordance with the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’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 examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

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.

Signed:

Date:

Name: Jonathan Saunderson,

Address: Little Mount, Links Road, Mundesley, Norwich NR11 8AT

5

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

Note
INCOME FROM:
Voluntary income
1
Charitable activities
2
TOTAL INCOME
EXPENDITURE ON:
Raising funds:
Voluntary income
3
Other charitable activities
4
Governance
5
TOTAL EXPENDITURE
NET PROFIT / LOSS
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
CURRENT ASSETS
Cash in bank
Cash in hand
Prepayments
Accounts Payable
NET ASSETS
CHARITY FUNDS
Restricted funds
Unrestricted funds
TOTAL FUNDS		 Unrestricted
Funds
2023
£
178
11,466
11,644
24
12,302
609
12,935
-1,291
10
5,138
3,857
2023
£
4,090
160
106
0
4,357
500
3,857
4,357		 Restricted
Funds
2023
£
2,100
0
2,100
2,160
550
0
2,710
-610
0
1,110
500
2022
£
6,811
150
336
-1,050
6,248
1,110
5,138
6,248		 Total Funds
2023
£
2,278
11,466
13,744
2,184
12,852
609
15,645
-1,901
10
6,248
4,357		 Total
Funds
2022
£
2,075
8,289
10,364
1,364
7,603
729
9,696
667
50
5,530
6,248

The notes on pages 7 to 10 form part of these financial statements.

6

Unrestricted
Funds		 Restricted
Funds		 Total Funds Total
Funds
2023 2023 2023 2022
Note £ £ £ £
Voluntary income 1
Donations 1.1 178 0 178 20
Grants 1.2 0 2,100 2,100 2,055
Sponsorship and advertising 1.3 0 0 0 0
Total voluntary income 178 2,100 2,278 2,075
Voluntary income
Donations 1.1
Organisations 0 0 0 0
Individuals 178 0 178 20
Total donations 178 0 178 20
Grants 1.2
Interconnector 0 1,500 1,500 0
North Walsham Community Shop 0 600 600 2,055
Total grants 0 2,100 2,100 2,055
Sponsorship and advertising 1.3
0 0 0 0
Total sponsorship and advertising 0 0 0 0
Income from charitable activities 2
Ticket sales 8,031 0 8,031 6,035
DVD and poster sales 57 0 57 33
Matinée refreshment sales 2,246 0 2,246 1,490
Bar and café sales 1,132 0 1,132 731
Total from charitable activities 11,466 0 11,466 8,289

7

Income from charitable activities
Note
2
Where the Crawdads Sing
Mrs Harris Goes to Paris
Minions: The Rise of Gru
Fisherman's Friends: One & All
The Forgiven
The Railway Children Return
Sing-along Encanto
The Lost King
Wicker Man
Empire of Light
Living
Ticket to Paradise
Operation Mincemeat
A Man Called Otto
See How They Run
Puss in Boots
What's Love Got To Do With It
Banshees of Inisherin
Three Thousand Years of Longing
Book Club: The Next Chapter
Marcel The Shell with Shoes
The Outfit
Unlikely Pilgrimage of Harold Fry
Charade
Vouchers
Note
Costs of raising funds
3
Volunteer costs
3.1
Development
3.2
Total costs of raising funds
Volunteer costs
3.1
Out of pocket expenses
Name badges
Total volunteer costs		 Ticket sales
745
519
441
399
175
366
546
219
255
287
321
538
315
301
222
306
177
336
129
273
186
273
411
291
0
8,031
Unrestricted
Funds
2023
£
24
0
24
24
0
24		 Matinée
refreshment
sales
0
346
0
266
0
244
0
146
0
0
214
0
210
0
148
0
118
0
86
0
0
0
274
194
0
2,246
Restricted
Funds
2023
£
0
2,160
2,160
0
0
0		 Bar and café
sales
148
0
85
0
52
0
91
0
153
81
0
144
0
50
0
71
4
87
0
51
56
62
0
0
0
1,132
Total Funds
2023
£
24
2,160
2,184
24
0
24		 DVD and
poster
sales
3
3
3
3
3
3
3
3
0
3
3
3
3
3
3
3
0
3
0
0
0
0
0
9
0
57
Total
Funds
2022
£
53
1,311
1,364
21
32
53

8

Note
Development
3.3
RITE OF SPRING FESTIVAL
Replacement poster frames
Cinema upgrade
SumUp card payment system
Voucher stamp
October 2021 Movie Trail
Royal Film Trail
Kitchen replacements
Total development costs
Costs of charitable activities
4
Venue hire, insurance and licensing
4.1
Cost of sales
4.2
Publicity
4.3
Box office costs
4.4
Total costs of charitable activities
Venue hire, Insurance and licensing
4.1
Venue hire
Insurance
TENs
Film licensing
Total venue, insurance & licensing
Cost of sales
4.2
DVD purchase
Refreshment costs
Total cost of sales
Publicity
4.3
Design and print
Website
Advertising
Total publicity costs		 Unrestricted
Funds
2023
£
0
0
0
0
0
0
0
0
0
6,771
1,047
4,016
467
12,302
3,450
267
189
2,865
6,771
270
777
1,047
3864
12
140
4,016		 Restricted
Funds
2023
£
1,500
660
0
0
0
0
0
0
2,160
0
0
550
0
550
0
0
0
0
0
0
0
0
0
0
550
550		 Total Funds
2023
£
1,500
660
0
0
0
0
0
0
2,160
6,771
1,047
4,566
467
12,852
3,450
267
189
2,865
6,771
270
777
1,047
3,864
12
690
4,566		 Total
Funds
2022
£
0
0
799
125
13
165
120
89
1,311
4,320
677
2,321
285
7,603
1,950
249
63
2,058
4,320
120
558
677
1,928
243
150
2,321

9

Note
Box office costs
4.4
Ticketsource, Stripe & SumUp fees
Float
Ticket printing
Total box office costs
Governance
5
Independent Examiner
Bookkeeping
Preparation of Annual Report
Total governance costs		 Unrestricted
Funds
2023
£
285
16
167
467
9
360
240
609		 Restricted
Funds
2023
£
0
0
0
0
0
0
0
0		 Total Funds
2023
£
285
16
167
467
9
360
240
609		 Total
Funds
2022
£
235
50
0
285
9
360
360
729

10