||||Page||
|---|---|---|---|---|
|Reference and Administrative
Details|||||
|Report ofthe Trustees||2|to|4|
|Report ofthe Independent
Auditors||5|to|7|
|Statement ofFinancial|Activities||||
|Balance Sheet|||||
|Cash Flow Statement|||10||
|Notes to the Cash Flow Statement|||||
|Notes to the Financial|Statements|12|to|20|
|Detailed Statement of|Financial Activities|21|to|22|
|TRUSTEES|Ms S Chorley|
|---|---|
||A Andrews|
||Ms TSAndrews|
||GRBinette Deputy chair|
||Ms A LFClark Treasurer|
||MsFM Johnston|
||RKirwan|
||Ms SH M Robertson|
||RSRuprai Chair|
|COMPANY SECRETARY|PLyons|
|REGISTERED OFFICE|107Kingsland
High Street|
||London|
||E82PB|
|REGISTERED COMPANY|01409066(England and Wales)|
|NUMBER||
|REGISTERED CHARITY|277415|
|NUMBER||
|AUDITORS|Ark Accountancy|
|---|---|
||Chartered
Certified Accountant &|
||Statutory Auditor|
||31Cheam Road|
||Epsom|
||Surrey|
||KT17 1QX|
|SOLICITORS|Dechert LLP|
||160Queen Victoria Street|
||London EC4V4QQ|
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|for the Yea|r Ended|31|March 2023||||||
|---|---|---|---|---|---|---|---|---|
||||||||31.3.23|31.3.22|
||||||Unrestricted|Restricted|Total|Total|
||||||funds|funds|funds|funds|
|||||Notes|||||
|INCOME|AND ENDOWMENTS FROM||||||||
|Donations|and legacies||||23,937||23,937|59,619|
|Charitable|activities||||||||
|Cinema|||||851,254||851,254|853,355|
|Investment|income||||537||537|14|
|Other income|||||60,315||60,315|115,992|
|Total|||||936,043||936,043|1,028,980|
|EXPENDITURE||ON|||||||
|Raising funds|||||225,474||225,474|273,813|
|Charitable|activities||||||||
|Cinema|||||723,811|18,365|742,176|661,450|
|Total|||||949,285|18,365|967,650|935,263|
|NET INCOME/(EXPENDITURE)|||||(13,242)|(18,365)|(31,607)|93,717|
|RECONCILIATION|||OF FUNDS||||||
|Total funds|brought|forward|||103,365|315,163|418,528|324,811|
|TOTAL FUNDS CARRIED FORWARD|||||90,123|296,798|386,921|41&,528|
##
|Balance Sheet
31March 2023||||||
|---|---|---|---|---|---|
|||||31.3.23|31.3.22|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|||||
|FIXEDASSETS||||||
|Tangible assets|13|119,651|277,200|396,851|356,802|
|CURRENT ASSETS||||||
|Stocks|14|5,352||5,352|7,011|
|Debtors|15|45,577||45,577|25,489|
|Cash at bank and in hand||71,437|19,598|91„035|178,944|
|||122,366|19,598|141,964|211,444|
|CREDITORS||||||
|Amounts
falling due within one year|16|(117,150)||(117,150)|(102,598)|
|NET CURRENT ASSETS||5,216|19,598|24,814|108,846|
|TOTAL ASSETSLESSCURRENT||||||
|LIABILITIES||124,867|296,798|421,665|465,648|
|CREDITORS||||||
|Amounts
falling due after more than one year|17|(34,744)||(34,744)|(47,120)|
|NET ASSETS||90,123|296,798|386,921|418,528|
|FUNDS|20|||||
|Unrestricted
funds||||90,123|103,365|
|Restricted funds||||296,798|315,163|
|TOTAL FUNDS||||386,921|418,528|
|Cash Flow Statement|||||||
|---|---|---|---|---|---|---|
|for the Year Ended 31March 2023|||||||
||||||31.3.23|31.3.22|
|||||Notes|||
|Cash flows from operating||activities|||||
|Cash generated
from operations|||||27,871|141,678|
|Interest paid|||||(274)|(1,255)|
|Net cash provided by operating
activities|||||27,597|140,423|
|Cash flows from investing||activities|||||
|Purchase oftangible fixed|assets||||(103,667)|(63,873)|
|Interest received|||||537|14|
|Net cash used in investing|activities||||(103,130)|(63,859)|
|Cash flows from financing||activities|||||
|Loan repayments
in year|||||(12,376)|(24,300)|
|Net cash used in financing|activities||||(12,376)|(24,300)|
|Change in cash and cash|equivalents||in||||
|the reporting
period|||||(87,909)|52,264|
|Cash and cash equivalents||at the|||||
|beginning
ofthe reporting||period|||178,944|126,680|
|Cash and cash equivalents||at the end|of||||
|the reporting
period|||||91,035|178,944|
##
##
|||||||31.3.23|31.3.22|
|---|---|---|---|---|---|---|---|
|Net (expenditure)/income|||for the reporting|period (as per the||||
|Statement ofFinancial|||Activities)|||(31,607)|93,717|
|Adjustments|for:|||||||
|Depreciation|charges|||||63,618|52,613|
|Interest received||||||(537)|(14)|
|Interest paid||||||274|1,255|
|Decrease/(increase)||in stocks||||1,659|(5,175)|
|Increase in debtors||||||(20,088)|(15,993)|
|Increase in creditors||||||14,552|15,275|
|Net cash provided||by operations||||27,871|141,678|
|ANALYSIS|OF CHANGES IN NET FUNDS|||||||
||||||At 1.4.22|Cash flow|At 31.3.23|
|Net cash||||||||
|Cash at bank|and in|hand|||178,944|(87,909)|91,035|
||||||178,944|(87,909)|91,035|
|Debt||||||||
|Debts falling|due within||1year||(12,648)||(12,648)|
|Debts falling|due after 1||year||(47,120)|12,376|(34,744)|
||||||(59,768)|12,376|(47,392)|
|Total|||||119,176|(75,533)|43,643|
##
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##
|2.|DONATIONS
AND LEGACIES|DONATIONS
AND LEGACIES|DONATIONS
AND LEGACIES|||
|---|---|---|---|---|---|
|||||31.3.23|31.3.22|
||Donations|||23,937|24,797|
||Government
grants||||34,822|
|||||23,937|59,619|
||Grants received, included|in the above, are as follows:||||
|||||31.3.23|31.3.22|
||Coronovirus
Job Retention||Scheme||30,822|
||LBHackney Omicron||||4,000|
||||||34,822|
|3.|INVESTMENT INCOME|||||
|||||31.3.23|31.3.22|
||Deposit account interest|||537|14|
||INCOME FROM CHARITABLE ACTIVITIES|||||
|||||31.3.23|31.3.22|
||||Activity|||
||Film takings||Cinema|432,146|471,261|
||Bar 8cconfectionary
takings||Cinema|166,045|148,576|
||Display &screen advertising||Cinema|19,599|23,584|
||Hire, booking fees etc||Cinema|102,094|77,282|
||Other grants||Cinema|131,370|132,652|
|||||851,254|853,355|
||Grants received, included|in the above, are as follows:||||
|||||31.3.23|31.3.22|
||Architechural
Heritage Fund||||19,500|
||British Film Institute|||108,246|84,452|
||London Borough ofHackney|||11,214|27,700|
||Bells Whiskey||||1,000|
||Notts Media Centre|||6,650||
||FilmLondon|||5,260||
|||||131,370|132,652|
|5.|RAISING|FUNDS|FUNDS||||||
|---|---|---|---|---|---|---|---|---|
||Raising donations|||and legacies|||||
||||||||31.3.23|31.3.22|
||Film royalties||||||160,376|214,155|
||Confectionary||costs||||13,396|7,125|
||Bar costs||||||51,702|48,780|
||Mags &merchandise|||||||2,553|
||||||||225,474|272,613|
||Other trading||activities||||||
||||||||31.3.23|31.3.22|
||Film royalties|||||||1„200|
||Aggregate|amounts|||||225,474|273,813|
|6.|CHARITABLE ACTIVITIES COSTS||||||||
|||||||Grant|||
|||||||funding of|||
|||||||activities|Support||
||||||Direct|(see note|costs (see||
||||||Costs|7)|note 8)|Totals|
||Cinema||||728,225|3,155|10,796|742,176|
|7.|GRANTS|PAYABLE|||||||
||||||||31.3.23|31.3.22|
||Cinema||||||3,155||
|8.|SUPPORT|COSTS|||||||
||||||||Governance||
|||||||Finance|costs|Totals|
||Cinema|||||5,926|4,870|10,796|
##
||31.3.23|31.3.22|
|---|---|---|
|Auditors'
remuneration|4,800|4,800|
|Depreciation - owned assets|63,618|52,140|
|Hire ofplant and machinery|13,260|22,959|
|Other operating
leases|11,500|12,465|
##
##
##
##
|STAFFCOSTS||||||
|---|---|---|---|---|---|
|||||31.3.23|31.3.22|
|Wages and salaries||||415,156|378,245|
|Social security costs||||24,481|17,817|
|Other pension costs||||10,577|9,879|
|||||450,214|405,941|
|The average monthly|number ofemployees||during the year was as follows:|||
|||||31.3.23|31.3.22|
|Film production
staff||||29|30|
|No employees
received emoluments||in excess off60,000.||||
|COMPARATIVES|FORTHE STATEMENT OFFINANCIAL ACTIVITIES|||||
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
|INCOME AND ENDOWMENTS||FROM||||
|Donations
and legacies|||59,619||59,619|
|Charitable
activities||||||
|Cinema|||853,355||853,355|
|Investment
income|||14||14|
|Other income|||115,992||115,992|
|Total|||1,028,980||1,028,980|
|EXPENDITURE ON||||||
|Raising funds|||273,813||273,813|
|12.|COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES - continued|COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES - continued|COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES - continued|COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES - continued|COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES - continued||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|
|||||funds|funds|funds|
|||||E|||
||Charitable
activities||||||
||Cinema|||643,085|18,365|661,450|
||Total|||916,898|18,365|935,263|
||NET INCOME/(EXPENDITURE)|||112,082|(18,365)|93,717|
||Transfers between|funds||(106,352)|106,352||
||Net movement
in funds|||5,730|87,987|93,717|
||RECONCILIATION||OF FUNDS||||
||Total funds brought|forward||97,635|227,176|324,811|
||TOTAL FUNDS CARRIED FORWARD|||103,365|315,163|418,528|
|13.|TANGIBLE FIXED||ASSETS||||
||||||Fixtures||
|||||Short|and||
|||||leasehold|fittings|Totals|
||COST||||||
||At 1 April 2022|||389,580|771,270|1,160,850|
||Additions||||103,667|103,667|
||At 31March 2023|||389,580|874,937|1,264,517|
||DEPRECIATION||||||
||At 1 April 2022|||216,581|587,467|804,048|
||Charge for year|||11,400|52,218|63,618|
||At 31March 2023|||227„981|639,685|867,666|
||NET BOOKVALUE||||||
||At 31March 2023|||161,599|235,252|396,851|
||At 31March 2022|||172,999|183,803|356,802|
##
|14.|STOCKS||||
|---|---|---|---|---|
||||31.3.23|31.3.22|
||Stocks||5,352|7,011|
|15.|DEBTORS:AMOUNTS|FALLING DUE WITHIN ONE YEAR|||
||||31.3.23|31.3.22|
||Trade debtors||24,766|7,305|
||Other debtors||12,816|3,190|
||Accrued income||7,500|8,500|
||Prepayments||495|6,494|
||||45,577|25,489|
|16.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||||
||||31.3.23|31.3.22|
||Bank loans and overdrafts|(seenote 18)|10,648|10,648|
||Other loans (see note 18)||2,000|2,000|
||Trade creditors||51,389|51,693|
||Social security and other taxes||9,960|9,028|
||VAT||27,110|1,228|
||Other creditors||7,243|10,846|
||Accruals and deferred income|||10,000|
||Accrued expenses||8,800|7,155|
||||117,150|102,598|
|17.|CREDITORS: AMOUNTS FALLING DUE AFTERMORE THAN ONE YEAR||||
||||31.3.23|31.3.22|
||Bank loans (see note 18)||23,411|33,787|
||Other loans (see note 18)||11,333|13,333|
||||34,744|47,120|
|18.|LOANS||||
||An analysis ofthe maturity|ofloans is given below:|||
||||31.3.23|31.3.22|
||Amounts
falling due within|one year on demand:|||
||Bank loans||10,648|10,648|
||Other loans||2,000|2,000|
||||12,648|12,648|
|LOANS - continued|||||||
|---|---|---|---|---|---|---|
||||||31.3.23|31.3.22|
|Amounts
falling between|one and two years:||||||
|Bank loans - 1-2years|||||10,648|10,648|
|Other loans - 1-2years|||||2,000|2,000|
||||||12,648|12„648|
|Amounts
falling due between two and five years:|||||||
|Bank loans - 2-5years|||||10,648|23,138|
|Other loans - 2-5years|||||6,000|6,000|
||||||16,648|29,138|
|Amounts
falling due in more than five years:|||||||
|Repayable by instalments:|||||||
|Bank loans more 5yr by|instal||||2,115|1|
|Other loans more 5yrs instal|||||3,333|5,333|
||||||5,448|5,334|
|LEASING AGREEMENTS|||||||
|Minimum
lease payments|under non-cancellable|operating|leases fall due as follows:||||
||||||31.3.23|31.3.22|
|Within one year||||||6,733|
|MOVEMENT IN FUNDS|||||||
|||||Net|Transfers||
|||||movement|between|At|
|||At 1.4.22||in funds|funds|31.3.23|
|Unrestricted
funds|||||||
|General fund||116,471||(136)|(26,212)|90,123|
|RioGeneration
Fund||(13,106)||(13,106)|26,212||
|||103,365||(13,242)||90,123|
|Restricted funds|||||||
|Revaluation
Reserve||192,597||(11,400)||181,197|
|RioGeneration
Fund||122,566||(6,965)||115,601|
|||315,163||(18,365)||296,798|
|TOTAL FUNDS||418,528||(31,607)||386,921|
##
|20.|Within one year
MOVEMENT IN FUNDS|
|---|---|
##
|||||Incoming|Resources|Movement|
|---|---|---|---|---|---|---|
|||||resources|expended|in funds|
|Unrestricted|funds||||||
|General fund||||936,043|(936,179)|(136)|
|RioGeneration|Fund||||(13,106)|(13,106)|
|||||936,043|(949,285)|(13,242)|
|Restricted funds|||||||
|Revaluation
Reserve|||||(11,400)|(11,400)|
|RioGeneration|Fund||||(6,965)|(6,965)|
||||||(18,365)|(18,365)|
|TOTAL FUNDS||||936,043|(967,650)|(31„607)|
|Comparatives|for movement|in funds|||||
|||||Net|Transfers||
|||||movement|between|At|
||||At 1.4.21|in funds|funds|31.3.22|
|Unrestricted|funds||||||
|General fund|||10,881|125,188|(19,598)|116,471|
|RioGeneration|Fund||86,754|(13,106)|(86,754)|(13,106)|
||||97,635|112,082|(106,352)|103,365|
|Restricted funds|||||||
|Revaluation
Reserve|||184,399|(11,400)|19,598|192,597|
|RioGeneration|Fund||42,777|(6,965)|86,754|122,566|
||||227,176|(18,365)|106,352|315,163|
|TOTAL FUNDS|||324,811|93,717||418,528|
##
##
||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended|in funds|
||||||f.|
|Unrestricted||funds||||
|General fund|||1,028,980|(903,792)|125,188|
|RioGeneration||Fund||(13,106)|(13,106)|
||||1,028,980|(916,898)|112,082|
|Restricted funds||||||
|Revaluation|Reserve|||(11,400)|(11,400)|
|RioGeneration||Fund||(6,965)|(6,965)|
|||||(18,365)|(18,365)|
|TOTAL FUNDS|||1,028,980|(935,263)|93,717|
##
##
|Detailed Statement|ofFinancial Activities|||
|---|---|---|---|
|for the Year Ended|31March 2023|||
|||31.3.23|31.3.22|
|INCOME AND ENDOWMENTS||||
|Donations
and legacies||||
|Donations||23,937|24,797|
|Government
grants|||34,822|
|||23,937|59,619|
|Investment
income||||
|Deposit account interest||537|14|
|Charitable
activities||||
|Film takings||432,146|471,261|
|Bar&confectionary|takings|166,045|148,576|
|Display &screen advertising||19,599|23,584|
|Hire, booking fees etc||102,094|77,282|
|Other grants||131,370|132,652|
|||851,254|853,355|
|Other income||||
|Other income||16,056|28,322|
|Consultancy
income||43,000|25,000|
|Insurance payout||1,259|62,670|
|||60,315|115,992|
|Total incoming
resources||936,043|1,028,980|
|EXPENDITURE||||
|Raising donations|and legacies|||
|Film royalties||160,376|214,155|
|Confectionary
costs||13,396|7,125|
|Barcosts||51,702|48,780|
|Mags &merchandise|||2,553|
|||225,474|272,613|
|Other trading
activities||||
|Film royalties|||1,200|
|Charitable
activities||||
|Wages||415,156|378,245|
|Social security||24,481|17,817|
|Pensions||10,577|9,879|
|Hire ofplant and machinery||13,260|22,959|
|Other operating
leases||11,500|12,465|
|Carried forward||474,974|441,365|
##
|Detailed Statement ofFinancial Activities|Detailed Statement ofFinancial Activities|||
|---|---|---|---|
|for the Year Ended 31March 2023||||
|||31.3.23|31.3.22|
|Charitable
activities||||
|Brought forward||474,974|441,365|
|Rates and water||4,524|5,238|
|Insurance||17,199|13,037|
|Light and heat||13,807|13,523|
|Telephone||7,572|5,735|
|Postage and stationery||3,210|2,974|
|Advertising||4,985|2,885|
|Sundries||43,900|33,209|
|Repairs &maintenance||53,590|48,351|
|Cleaning||11,062|8,463|
|ITsoftware &|consumables|8,317|3,449|
|Card fees||6,988||
|Consulting||7,388|3,333|
|Training||169|2,409|
|Subscriptions||6,648|8,438|
|Short leasehold|depreciation|11,400|11,400|
|Fixtures &fittings depreciation||52,218|41,213|
|Bank interest||274|1,255|
|Grants to individuals||3,155||
|||731,380|646,277|
|Support costs||||
|Finance||||
|Bank charges||5,926|10,373|
|Governance|costs|||
|Auditors'
remuneration||4,800|4,800|
|Legal fees||70||
|||4,870|4,800|
|Total resources|expended|967,650|935,263|
|Net (expenditure)/income||(31,607)|93,717|