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2024-12-31-accounts

NORTH WALSHAM ATRIUM SOCIABLE COMMUNITY CINEMA CIO UNAUDITED TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees present their annual report together with the financial statements for the year 1 January 2024 to the 31 December 2024.

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

Independent Examiner of the accounts

Mrs Jane Crane, 40 Greenlands Way West, Sheringham, Norfolk NR26 8XP

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 2024, 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 22 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 the pressure of the cost-of-living crisis, it was important to the charity to continue its programme with the same ticket prices as in 2023. The core audience for matinees comprises older and socially isolated people, many of whom have come to rely on the film screenings

2

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 2024, despite an increase in all costs.

Unfortunately this meant that 17 of the 22 screenings ran at a loss, exacerbated by falling attendance figures.

The programme attracted a total audience of 1,651 people, an average of 75 per screening , compared to 2,121 people in 2023, with an average of 88 per screening.

Highlights in the year were bumper audiences (in excess of 150) for The Great Escaper and A Haunting in Venice (both matinees). The charity also secured a £2,000 grant from Norwich Freemen’s Society specifically to cover the anticipated losses of not increasing ticket prices. A further grant of £873 came from North Walsham Community Shop (a repeat funder) to continue to place monthly adverts in the local free paper, the North Walsham Times, and other local advertising/promotions.

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 decreased by 9.5% from £13,744 in 2023 to £12,442 in 2024. Of this:

Total expenditure decreased by 18.8% from £15,645 in 2023 to £12,705 in 2024.

The allocations for unrestricted funds were:

The allocations for restricted funds were:

3

It is worth noting that the decrease in expenditure can mainly be attributed to the fact that there were 24 screenings in 2023 and 22 screenings in 2024; and the charity did not take part in the Rite of Spring Festival this year.

The average cost per screening increased from £535.50 in 2023 to £577.50 in 2024.

In real terms:

If these trends continue in 2025, the charity will either be forced to increase ticket prices or generate additional income from grants and donations.

Thanks to grant income, the overall position is that the charity made a loss of £263 and carries forward £4,094 to 2025, of which £3,471 are unrestricted funds and £623 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 19/07 / 2025

4

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 2024

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 31/12/2024.

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: 14/07/2025

Name: Mrs Jane Crane

Address: 40 Greenlands Way West, Sheringham, Norfolk NR26 8XP

5

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Note
INCOME FROM:
Voluntary income
1
Charitable actvites
2
TOTAL INCOME
EXPENDITURE ON:
Raising funds:
Voluntary income
3
Other charitable actvites
4
Governance
5
TOTAL EXPENDITURE
NET PROFIT / LOSS
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
Note
CURRENT ASSETS
Cash in bank
Cash in hand
Prepayments
Accounts Payable
NET ASSETS
CHARITY FUNDS
Restricted funds
Unrestricted funds
TOTAL FUNDS
Note		 Unrestricted
Funds
Restricted
Funds
Total Funds
Total
Funds
2024
2024
2024
2023
£
£
£
£
2,099
873
2,972
2,278
9,470
0
9,470
11,466
11,569
873
12,442
13,744
48
0
48
2,184
11,546
750
12,296
12,852
360
0
360
609
11,955
750
12,705
15,645
-386
123
-263
-1,901
0
0
10
3,857
500
4,357
6,248
3,471
623
4,094
4,357
2024
2023
£
£
3,944
4,090
150
160
0
106
0
0
4,094
4,357
623
500
3,471
3,857
4,094
4,357
Unrestricted
Funds
Restricted
Funds
Total Funds
Total
Funds
2024
2024
2024
2023
£
£
£
£

6

Voluntary income
1
Donatons
1.1
Grants
1.2
Sponsorship and advertsing
Total voluntary income
Voluntary income
Donatons
1.1
Organisatons
Individuals
Total donatons
Grants
1.2
Interconnector
North Walsham Community Shop
Norwich Freemen's Society
Total grants
Sponsorship and advertsing
Total sponsorship and advertsing
Income from charitable actvites
2
Ticket sales
DVD and poster sales
Matnée refreshment sales
Bar and café sales
Total income from charitable actvites		 99
0
99
178
2,000
873
2,873
2,100
0
0
0
0
2,099
873
2,972
2,278
0
0
0
0
99
0
99
178
99
0
99
178
0
0
0
1,500
0
873
873
600
2,000
0
2,000
0
2,000
873
2,873
2,100
0
0
0
0
0
0
0
0
6,590
0
6,590
8,031
45
0
45
57
1,766
0
1,766
2,246
1,069
0
1,069
1,132
9,470
0
9,470
11,466

7

Income from charitable actvites
2
Barbie
The Litle Mermaid
The Great Escaper
To Kill A Mockingbird
A Hauntng in Venice
Wonka
Seaside Special
Anatomy of a Fall
One Life
Priscilla
The Old Oak
Wicked Litle Leters
Taxi Driver - CANCELLED
Migraton
The Holdovers
Bob Marley: One Love
The Stng
The Bikeriders
Rye Lane
Inside Out 2
The Fall Guy
Thelma
Last Christmas
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
Total volunteer costs
Note
Development
3.2		 Ticket sales
Matnée
refreshment
sales
Bar and café
sales
DVD and
poster
sales
328
0
61
0
345
0
65
0
501
334
0
0
497
0
135
6
453
302
0
3
255
0
44
0
306
204
0
6
343
0
79
6
423
282
0
0
308
0
78
6
189
126
0
3
546
0
123
3
0
0
0
0
177
0
47
0
171
114
0
0
385
0
147
0
162
108
0
0
266
0
124
3
72
48
0
0
279
0
84
6
212
0
84
3
243
162
0
0
129
86
0
0
0
0
0
0
6,590
1,766
1,069
45
Unrestricted
Funds
Restricted
Funds
Total Funds
Total
Funds
2024
2024
2024
2023
£
£
£
£
24
0
24
24
24
0
24
2,160
48
0
48
2,184
24
0
24
24
24
0
24
24
Unrestricted
Funds
Restricted
Funds
Total Funds
Total
Funds
2024
2024
2024
2023
£
£
£
£

Development

8

RITE OF SPRING FESTIVAL
Replacement poster frames
Kitchen replacements
Total development costs
Costs of charitable actvites
4
Venue hire, insurance and licensing
4.1
Cost of sales
4.2
Publicity
4.3
Box ofce costs
4.4
Total costs of charitable actvites
Venue hire, Insurance and licensing
4.1
Venue hire
Insurance
TENs
Film licensing
Total venue hire, insurance and licensing
Cost of sales
4.2
DVD purchase
Refreshment costs
Total cost of sales
Publicity
4.3
Design and print
Website
Advertsing
Total publicity costs
Box ofce costs
4.4
Ticketsource, Stripe and SumUp fees
Float
Ticket printng
Total box ofce costs
Note
Governance
5
Independent Examiner
Bookkeeping
Preparaton of Annual Report
Total governance costs		 0
0
0
1,500
0
0
0
660
24
0
24
0
24
0
24
2,160
6,538
0
6,538
6,771
724
0
724
1,047
4,049
750
4,799
4,566
236
0
236
467
11,546
750
12,296
12,852
3,300
0
3,300
3,450
230
0
230
267
126
0
126
189
2,882
0
2,882
2,865
6,538
0
6,538
6,771
201
0
201
270
523
0
523
777
724
0
724
1,047
3864
120
3,984
3,864
185
0
185
12
0
630
630
690
4,049
750
4,799
4,566
236
0
236
285
0
0
0
16
0
0
0
167
236
0
236
467
Unrestricted
Funds
Restricted
Funds
Total Funds
Total
Funds
2024
2024
2024
2023
£
£
£
£
0
0
0
9
360
0
360
360
0
0
0
240
360
0
360
609

9