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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||||
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|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||
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||||||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||||
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|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||
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|||||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|||
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|||||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||
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|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)||
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|||||||CTVC||
|---|---|---|---|---|---|---|---|
||||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|||
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|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|erlodwee:|||
|---|---|---|---|
|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|
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|||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|
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