## **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: - **11 Matinees** with all tickets £5 including tea and cake* - **4 Family Films** with all tickets £3 - **9 Evening Films** with tickets at £7 for adults, £3 for children _* 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: - 1.3% (£178) from unrestricted grants and donations (0% in 2022) - 15.3% (£2,100) from restricted grants and donations (20% in 2022) - 83.4% (£11,466) from charitable activities (80% in 2022) Total expenditure increased by 61% from £9,696 in 2022 to £15,645 in 2023. The allocations for unrestricted funds were: - 0.2% (£24) on organisation, fundraising and development (6% in 2022) - - 78.6% (£12,302) on charitable activities (77% in 2022) - 3.9% (£609) on governance (7.5% in 2022) The allocations for restricted funds were: - 13.8% (£2,160) on organisation, fundraising and development (8% in 2022) - 3.5% (£550) on charitable activities (1.5% in 2022) 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 - Income reduced from £648 per film in 2022 to £573 per film in 2023 - Expenditure increased from £606 per film in 2022 to £652 per film in 2023 - The £42 surplus per film in 2022 converts to a £79 loss per film in 2023 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: - the accounting records were not kept in accordance with section 130 of the Act; or - the accounts did not accord with the accounting records; or - the accounts did 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. ## **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