2022-12-31-accounts - Ctvc Limited

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Report ofthe Trustees
Reference and Adminisb ation
Trustees, Committees	end Professional	advisors	1-2
Company Information			1-2
Structure, Governance and Management
Cone'tltudon
Trustees' Responsibilities
Risk Management snd	Internai control
Objectives and Activities
Achievements and Performance			7-10
Financial Review			11-12
Independent Auditoys Report			13-15
Statements of Financial Activities
Consolidated			'la
Company			17
Balance Sheets
Consolidated			18
Company			19
Consolidated Cash Flow Ststmnent			20
Notes to The Financial Statements

Reference and	Administration	continued
Company	informationr
Chief Execubve Ofilcen		Miss. C,	C.Matthews
Finance 0irector		Mr.J.H.	Ress	Appointed	01/00/2022
Company	Secreteryr	Mr.J.H.	Ress	Appoirrted	17/06/2022
		Miss. S.Edwards		Resigneri	02/03/2023
Professional Advisors:
Auditor:		BDO LLP
		55Baker Street, London, W1U 7EU
8ankenr:		Bare/ays	Bank pic
		27Soho	Square, London, W10 3QR
Sondtors:		Paris Smith LLP
		Number	1 London Road. Sou/hampton.	SO152AE

					INanagement ofrisk
Loss ofCEO or key staff				in a small organisation	Appropriate level ofsalaries and benefits -		benchmarked
					within the industry
					Documentation ofsystems and succession		planning	where
					possible
Securing ccmrxisslons environment			in	a difficult business	Constant monitoring ofbroadcasters requirements Development and submission ofideas with frequent			contact
					with all potential commissioners
Failure ofthe Rank Foundation Limited's (RFL) investrxsnt pollcy causing loss ofgrant					RFLhas experienced, finaccially competent Trustees In lhsir investment committee; Professional advisors; Monitoring
					and control ofRFLbudgeh and expenditure
Worsening	ofdefined		bsnsfit pension scheme		RFLhas guaranteed ths funding ul	the scheme, and		use
llabfiifies					their sxpertiss assisting in assessing	the performance		ofthe
					advisers
Loss ofreputation		loading		toloss cfbusiness	Careful monitoring ofpmductions in	order to recognise and
					manage potential damaging content

Income					2'009	Et)00	E'000	5'000	E'00D	6'900
Donations
Grants - General					1,422	-	1,422	1,293		1293
-	Pension Rewnve	Increase				152	152
-	Jcb Rstsnlion Scheme							29
-	Klcksisn scheme							6
					1,422	152	1,574	1,328		1,328
Income fmm chsrBatrle actlvldm
Contribuuons towards producacn			costs
Television					874	—	874	1.05S	-	1,058
Audio					48	-	48	76	-	78
Digital					123	57	180	241	156	397
					1,045	57	1,1D2	1,377	156	1,533
Income from ogmr trading		activities
Commercial	pccducaons				1,510		1,510
Other Income
Sundry salsa
Surplus an	disposal ofibad	essals
					1,510		1,51D
Total income					3977	209	~4165	2706	158	2862
Sxpendt tom
Costs ofraising funds
Coovnardal	pnxluclions				1,366
Expenditure on charitable		activities
Television	produdlon				1,146	02	1,23B	1,323	112	1,435
Audio					292	-	292	317	—	3'l7
Digital					530	57	567	993	1SB	~1149
					2,255	149	2,417	2,633	288	2,90'I
Total expenditure				4	3636	'l49	3785	2637	268	2905
Net Income					341	60	401	69	(112)	(43)
Adu ariel gains on dalined				12		3,972	3.972		3A13	3~13
banaSt pension schema
Net movemsnt	In funds				341	4.032	4,373	69	3,301	3,370
ReconcBlalion	offunds
Tohri funds	brought forward				651	(44)	507	582	(3,345)	(2,763)
Tolal fUrlds rmwled forward					992	3888	4980	551	~44	607

						2022
Income					CW0	En)90	6'000	Evm0	k%IO		6'000
Donations
Omnia - Gessraf					1,422	-	I/22	1,293
- Pension reserve						152	152
—Job Rstenhan Scheme								29			29
- Igctstsrl scheme								6			8
					1,422	'l52	1.574	1.328			1,328
Income from	charilabls acbvSes
Conuibullans	towards	producgon ccsls
Television					S74		ST4	1.058	-		1,058
Audio					48		48	78	—		78
Digital					123	57	131	241	156		397
					1,045	57	1.102	1.377	156		1,533
Invssun ant income
Other Income
Sundry sales
Total Income					2,467	209	2 676	2 706	'l58	~2862
Expend Sure
hnpalrment ofsubsidisryf			(revering	16	(58)		(56)
ExpsndNurs an charitable			acSvNles
Ttdevieian					1.146	92	I238	1.323	112		1,435
Audio					292		292	317	-		317
Dighei					830	57	887	993	15S		1.149
					2,268	149	2.417	2,633	268		2,901
Total expamlltum				4	2212	149	2.381	~2633	26S	~2901
Net inseme					2do	00	315	73	(112)	,	(39)
Actuarial gains	on defined			12		3.972	3,972		3,413		3,413
bensfk pension scheme
Net mowunent in	funds				256	4,032	4,267	73	3,3)t		3,374
NsconcSletla nof	funda
Total funds brought farvwrd					855	(44)	611	582	(3,345)		(2.763)
Total hrnds carded forward					910	3985		855	~44		611

							2022	2021
							Total	Total
						Reubtctsd	Funds	Funds
					8'000	8'000
Fixed assets
Twiglble samta
Total fixed assets
Cunsnt assets
Oebtws					140	4.S84	4,S24	5.357
Gash at bank and 4	hend				1,399		1.399	573
Total current assets						4,654	6,223	0,030
UabSltws
Amaunm falling dus within ans year							(556)	(397)
Nal current assets						4,684	5565	5,633
Neteases exc4ding		pension	geblgiy			4,554	5.575	5,640
Oslined beeslit pension scheme			Ksbaay	12		(690)	(696)	(5,033
Net asseta including		pension	liabSNy		992	~988	4.980	807
Ths 4nde afttm charity
General Fund				14			992	651
Oegned Benefit Pension Scheme Reserve				12and 14		(696)	(695)	(5,D33)
Pension Reserve				13and 15		4.564	4,684	4,959
Total consolidated	charhy funds				992	3988	4,960

						3022	2031
						Total	Tots
			Role	Vnrastdciad	Reswlclea	Funds	Funds
Fixed assets
Tangrtde asaew			9	ti		11	7
Slwnls ic IRlbddlwy	undsllBldng		18	76		76	'I9
Total fl!md assets				87		87
Current assets
Oeblurs			10			4,988	5,360
Cash at bank and in	hand					933	516
Tehg culrent nsssls				936	4,884	5@19	5.876
Uahg glee
Amounts ndlrg dus wshin one year				(112)		(1'I2)	(258)
Net current sssele					4834	5.507	5.618
Net asmds excludfng penslan		lishghy		910	4,654
DNflsd benaN psrwlcn schsuw		lisbiMy	12		(998)	(BSB)	(5,038)
Net mmstv Including	pmrsion	Ilabgihr		sro	~3939	~4999	611
The funds ofths chad+
Genus l Fund				910		910
Defined Senett Pension Scheme Resene Pension Reserve			'l2 and 14 1$and15		(696)	(898) 4,884	(5,033) 4.989
Total energy fends				910	~3988	4 SBB

				2022	2021
				2'090	2'000
Cash flows fmm aperagng	activities:
Net cash provided byl (used In)
operaung aedvldes					(99)
Cash flows from investing	actlviges
Investment income
Purchase oftangible gxed scans
Net sash vsed In Invostlng	actlvlUes
Change In cash and cash	equivalerns	in	the
repordng period					(100)
Cash and cash equivalents	atthe beginning
ofIhe raporsng period
Total cash and cash equivalents atthe		end
ofthe reporting pedod
A. Itatmneiliason afIncomd( axpendbure)			to nat cash tlaw from operaUng acsvltles
NetIncome I (expenduvre)	forthe period
(aa per the statement al'financial activities)				401
Adjusbnents for
Pension linancs				92	112
Pension ccnbibviions				(457)	(457)
Decmcieiion charge				5	5
Decrease in debtors					234
Inoease in creditors				162	47
Met cash provided byI(used in) operating			activities

				2022	2021
				2'000	E'000
Total future	minimum	lease payments	under non-cancellable
operating leases are		as follows:
Not later than one year				113
Later than	one and not later than five		years	429

S	Trustees	Trustees	and Emplo	and Emplo
								2021
Average number employed
Employed in			chsdteble ectesilies (excluding Trustees)
	Direct charitable						15	16
	Support						3	3
	Total			earning
				earning
Employees'		msoWments earning
	Number		OfStair		ET0,001 to280,000
	Number		cfStslf		580,M( lo290,000
	Number		ofStaff	earning	590,001 lo8100,000
	Number		ofStaff		5100.001 to5110,000
	Number		cfSbdf	earning	5120,001 to5I30,000
	Number		ofStaff	samlng	5130,001 to 5140,000
	Employer contrlbuaons				to the money purchase	schemes were paid in reepact ofthe above employees	F22k(2021:531k)


			2022	2D21	2022	2021
			Pooe	P000	0'000	POOD
Trade debtors			58	123	50
ONer laxs0cn end social	security				3
Amount due from parcel	undertaking	(non pension)
Amount dus fmm panml	underlaldng	(ra pension)		4.989	4,684	4,909
Amount dus fmm subsidiary undsrbsklng					139	3
Accmsd income and prspsymsnis			82		82	245
				5.35y	4,986

Fair value ofassets at the beginning	ofthe pened	11,366	10,204
Interest on sesete		215	130
Company conlribulions		457	457
Bscstts paid		(520)	(803)
Rerum on scheme assets less interest		(1,371)	'l,376
Fair value ofassets atthe end ofthe	period	10,147	11,365

Thechan elntheOefinedgsneStobll saon overthe
Defined Benefit oblige\ton atthe beginning ofthe period	16.399	16,995
Interest on fisbllaies		242
Benefits paid	(520)	(603)
Experience loss on delined benefit obligsfion		(4)
Changes tc demographic assumptions		(3S8)
Gains fmm charfi)ss tciinancial assumptions	(5.343)	(1,673)
Defined BensSt obggstion st the end ofthe period	19,a43	16~9

Equifies		7,194	8.535
Reed interest		1,005
motives		1429	1,530
Cash		519	399
Total		10,147	11,388
Actual return	on assete	(1,166)	1,508

		ltcte	Assl			Other l	As at
			1January	income	Expenditure	transfers	31December
Unrestricted Funda General			f'000 es(	fsgoo 30	8'000 ~030	8'000	PQ00
Rsehtctsd Funds
Training grants - BFI				57	(58)
Total - General					(58)
Pension Reserves
Defined Benefit Pension Res(uve	Scheme		(5,033)		(92)	4,429	(695)
Pension Ress(ve			49989	152		(457)	4,M4
Total - Pendons Tolal —Restricted Funds TOtelyunds			(44) ~(44 817	152 (92) 209 ~(100 4 107~		3,972 39 3 3073	3,988 3.988
The Bddsh Film Institute	(BFI)grant	lund fi!m making I raining		courses for young people. The		socius fram	these
acfivfiies have been allocated in recovwy ofGTVC overheads.
2021
			As st			Other/	Asat
Unrestricted Funds General			1 January f000 872	Income f000 2,740	Expesdlture foao ~097	transfers 8000	31December f'000
Restricted Funds
T(sining grants - BFI					(97)	(59)
Toiui - General				156	(97)	(59)
Pension
Delined Benefit Pension Scheme Reserve			(8,701)		(112)	3,870	(5,033)
Pension Reserve		15	5.446			(457)	4,989
Total - Pensions Total - Reskicled Funds Total Funds			(F5) ~3,34 ~2(M	(112) 3,413 I 0 SM( 3S4 298!~~3			(44) M7