Charity number.. 288309 Company number: 00888435 THE SIR JOHN HURT FILM TRUST LIMITED (FORMERLY CINEMA CITY LIMITED) (A company Ilmlted by guarantee) UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020
THE SIR JOHN HURT FILM TRUST LIMITED {A company limited by guarante*l CONTENTS Page Reference and admlnlstratlve detalls of tho ¢harlty, Its trUStS and advls•rs Chalm)an's staternent Tru$tees' report Indap8ndent examln•rf$ rèport Statement of flnanclal actlvltSes 10 Balancè sheet 11 Notos lo the Ilnan¢lal statements 12-21
THE SIR JOHN HURT FILM TRUST LIMITED (A company Ilmited by guarant••l REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2020 Trustees Philip Easter, Chair Jean Hogg (resigned 23 Jurbe 2020) Michael Hutchinson Jaan Larner Julian Swainson LadyAnwen Hurt Andrew Newman Andiew Taylor Irosigned 30 Oclober 2019} Company reglstered number 00888435 Charlty reglstered number 288309 Registered oflic• Cinema Crty, Sl Andrew's Street, Norwch. Norfolk, NR2 4AD
THE SIR JOHN HURT FILM TRUST LIMITED (A Company Ilmlted by guaranto•) CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2020 The chairman presents his slalemenl for the period. Summary As with all organisalions. the year 2019120 {ending 30th Sepl6mb&r 20201 was a year liko no other, overshadowed by a global pandemic which brought to an abrupt halt much ol the Trust's activili8s, and which has had a significant impacl on our income and our ability to fundraise. Bul the year was not all negative. November 2019 saw the extremely successful public launch of the Sir John Hurt Film Trust name. wilh a packed public event hosted by Mark Kemode 8nd our own Truslee Anwen Lady Hurt, a gala screening ol Bong Joon-ho's maslerpiece 2013 film Snowpiercer lincluding a specially filmed message ol support from Bong himselfl. The evenl received much m&dia. social media and public allenlion. and raised a meaninglul Sum toward5 the charills aims. helped greauy by a generous sponsorship from Barclays Bank. The launch ol the Trust. which carrios on the work ol the charity from when il operated under thè Cinema City name was the culmination ol two years ol hard work from Trustees and supporters, and marked a new beginning not lust in Ihe scope of what the charity is seeking lo achieve. Trhilh a much witjer ambilion across th6 whole counly, bul also Ihe momonl when it arrived on a fimi finanaal Ic*)tiThJ after a number ol years ol significant challenges in Ihal direction. This healthy linancial posibon has proven timely.. wlh the decision of CineworfdlPiclurehouse lo close Cinema City complelely lincluding durin9 periods when il could have legally operated), coupled with the Company's rafusal lo pay èvan th6 sm811 basa ronl, has meanl that our InMe has almost complelgly drigd up. 11 is only because of the considerable effort made since 2017 in put.ng the charity on an even financial keel, and our ability lo constrain costs thanks to the voluntary input ol our Twslegs, thal l am able lo report that we end the year in a strong position. despite the ongoing economic challenges posed by the pandemic. For the first tsme In some years, we end the year completely debt-free, having paid off the generous loans provided by supporters lo tide us over the period during which tho tharity finally pald off the Cingworld equipment at Cinema Cily. In the first half ol Ihe year. the Trusl embarked on a good level of aGtivily across our four areas ol focus lacling as custodians of Ihe Cinema City building; promoting screenin9s of 9real cinema., nurturing lilm-m8kers', educationl. Unsurprisingly. the arrival of Covid-19 in the UK forced an almost total suspension of those acb'vities, allhough l am pleased lo say Ihal we wer6 ae lo reinstsle some of ¢hem on an onling basis relatively quickly. The year ended with another lockdown in prospect, which as il tumed out has lasted some six months into Ihe year 2020121. The financial positson for all charities has In impacted s8verety by the pandemic. Not only is traditional fundraising much more difficult, there is a considerably greater Gall on those funds (such as Ihosg available frorr Trusts and Foundations. and Slalulory Funds} which remain available. Despite this, the Trust Temains in a strong position, thanks ir) no small measure lo the help of a small number ol freelance consultants {some of whom have offered their services al a less Ihan commercial rate, and even pro. bono) and a greater day-to-day input from Trustees, for which as Chaim)an l am very graleful. Finance Despite the prevailing economic climate. and the fu$81 of our lenant lo pay even the most basic rent lo us, we end the year with a surplus of £25,000, which compares favourably with a surplus of £14,000 al the end ol 2Q18119, and very favourably wlh a defi¢it of £55.000 al the end ofthe year 2017118.
THE SIR JOHN HURT FILM TRUST LIMITED IA company Ilrnlted by guarantee) CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 30 SEPTEPIJBER 2020 All oulslanding loans were repaid during Ihe year. together with accrued interest. We ended the year wlth a subslanlial debloi, CineworldlPiclurehouse who owed some £9,000. This has continued lo grow during the current year, and the Trustees are PUTsuing thi5 vFJorously. Discussions continued with another charity wilh a Mew to them basing their activities in Ihg Sir John Hurt Centra, which would have provided another ongoing income which was not dir8cUy dependent on the vicissiludos of CineworldlPicturehouse. and whose activity would have boen complementary to our own. Unfortunately the Covid-19 pandemic meanl Ihal Ihis arrangement did not happen, bul we romain engaged with the potential lenanl, and hope that once the pandemic is over, thal we may be ae to revisit this proposal - or al leasl lo lind some way of Collaborating lo our mutual benefit. Pl¢tur8house Clnemas {Norwl¢h) Ltd The Commercial undertakings of tho cinema 0ratIon, bar and restaurant are sub-contracted lo Piclurehouse Clnemas Limiled (Norwichl, under a service lovel agreement wilh Iho charity. Thè Twst receives a less-Ihan- commercial rental income Irom Piclurehouse. Despite ihg low overhead costs it enjoys, and the lact that Picturehouse is subsumod with clnema 9ianl Cineworld Ilhe second largest cinem8 group in the worfdl, the Trusl8es are disappointed lo note once again that Picturehouse has failed lo engage with Ihe Trusl. performed poody whèn Ihg an8ma was open, and unilaterally closod the cinema wilhoul consulling us lor indeed ils 8mployegs, many ol whom learnt ol the decision from the medial. Prior lo the closure. the company continued lo perfomi poorly in lerrns ol compliance with the artistic and cultural requiremenls of the SLA. in mainlgnance and investment in cinema, and in a raluctance io engage conslruclively wilh th8 Trust. Following tho closure. CineworlthPiclurehouse made il dear that they intended to tlelault complètely on the rgnl due. This is despilg Ihe afrangemenl we have whereby a small base rent is payable, and Ihe remainder of their rent is based on the lumover ol the cinema and its associated aclivilies leg bar and reslauranll an arrangement whith effectively provides a e4)nlingency lor enlorced dosure. The Trustees do nol accept CineworldlPiclurehouse's posilbon, and continue to pursue the oulstsnding fenl due. The lack of communicalion from CineworldlPicturehousg about Ihe closure - and refusal lo engage with the Trust in any way al all, despite repealed allempls by us lo do so- leads us lo question CineworldlPiclurehouse's commitment lo ¢Jelivering Ihe SLA for Ihe long temi. We also nol8 reports that Bardays Bank has taken 8 debenlure over all of Cinewodij's UK business. which presumably includes Cinema City. We have sought clarity from Cineworl(VPicturehouse about what this means in practice, bul have so far roceived no respons&. We conlinuts lo press Piclurehouse and its paienl company to lullil Iheir cultural brief under the terms ol the SeNi¢e Level A9reemenl, lo pay the renl which is due. lo engage with Ihe Trust, and lo a¢1 in a manner which would suggesl they are committèd to the sustainability and success of the cinem8. Artlvity With the Covid pandemic hilting just three months afler Ihe laUh of the Trust, the opportunilies to deliver aclivib.es have been much reduced during the year. However, some prograrnmes were able lo be delivered. both face-l(Fface where possible, and via online channels where th was nol wjssible. These included.. Positive Cinema, a film project aimed al helping disadvantaged young people in Norfolk, which was laun¢hed in January 2020. and whith was able lo embrace Zoom and WhalsApp. as well as filming monologues using local actors. Various 'Norfolk Goes to the Pictures, I(al cinema history presentalions delivered by members ol the Tiusl lo atjdiences in Ihe counly.
THE SIR JOHN HURT FILM TRUST LlhllTED {A company Ilmlttd by guarnnteel CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2020 The Trust supported the Holt Film Festival in February 2020. The Moving Memories project, working with people wslh dementia, was delivered in Ihe early part of the year. including demenlia-friendly screenings. A directing masterclass wlh help from direclor Richard Bra¢ewell. Th& Trust worked with adull learning charity Workers Educational A$sl3110n lo create a len session 'InlTodu¢ts'on lo European Cinema. course. although this &idty had to be ¢gn¢elled due lo the fifst lockdown. Futur• Pro$¢t$ As we write. tsur operalions, like so many olhers. are sts"Il hampered by Ihe offecls of the coronavirus pandemic. Al the lime ol writing (May 20211. the roadmap out ol lockdown remains on course. and we hope that this will enable us to resume many of our charitablè activities belore the end of the ojrrenl ar Isèptèmber 20211. Despite the issue of non-payment of rent, the TnJsl remalns In a slrong finanoal posllion. whith wlll slan¢J us In good stead as we seek lo rebuild our activity as the pandemic recedes. A key priorily wll be lo ensure the cinema becomes fvlly 0ratial once again. that the operator fullils ils artistic and operational obligalions by delivering against the SLA, and that it fijifils its financial obligations by pawng in lull the overdue and ongoing rent. Name Philip Easter Chairman Dale i_rL
THE SIR JOHN HURT FILM TRUST LIMITED IA company limlted by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2020 The Truslges present their annual report Icoelher wth the financial statements of the tharity lor the 1 October 2019 10 30 September 2020. The Trustees confirm that the Annual Report and financlal slalements ol the company comply with the ¢urrenl statutory requirements. the requiremenls of the companls governing document and the provisions ol the Slalement of Recommended Practice ISORP}. applicable lo ¢harities preparing their accoLtnls in accordance wlth tho Financial Reportin9 Standard applKabl8 in the UK and Republic of Ireland IFRS 102). Since the company qualifies as small under section 383, the strateg report required of medium and large companies undeT The Companies Acl 2006 (Strategic Report and Direclorfs ReKK>rtI Regulalions 2013 is not required Oblectlvès and Actlvltl•s a. Pollcl•s and objectivos Tha objeclivès of the charity are lo advance the educalion of the public in film and the moving image as an art and as a medium for information, education and social enlighlenment. The charity seeks lo providè the public of Norwich and the surrounding area wilh Ihg opporlunily lo experience a wide ranging programme of cultural cinema and related activities with the aim of enhanryng the audience's appreciation, enjoyrnenl and understanding of lilm. The Sir John Hurt Film Trugl Limiied is a charitable organisalion in Norfolk Ihal usgs Ihe popular medium of Ihe moving Image lo engage, educate, enrich and Inspire Ihe Norfolk C4ynmunily. The trustees confim that they have complied with the duty in 5eclH)n 17 of the charities Act 2011 lo have due regard lo the public benefit 9uidance published by the Charity Comrnission. Achievements and perfom)anco a. Key flnanclal performance Sndlcators See Chairfs report. Finan¢lal review . Golng ¢oncem The financial position ol Ihe charity has again been challenging lor the last 12 months, however there Bre considerable reasons for optimism as to ils financial sustainability for the ¢oming year. Ongoing costs have continued to be almost eliminaled. The charity runs almost entirely on a voluntary basis, with Truslèas assumin9 rolès which had in prevlous years boen undertaken on a paid basls. Following the repayment of the ten year Capital Debl lo CinewoTklPi(Aurehouse for the Cinema Eguipmenl. we were enlilled lo 100Yo ol Ihe Turnover rent during this peri¢xl. However, as already explained our Tenant. CineworldlPicturehouse has refused to pay most ol Ihe base and lumover rents due. Notwilhstanding this. w have used our resources to repay all of the outst8fhding balances and accrued interest. Al the beginning of this period we were optimistic we could finally expand the d)arily and use the facilities in the John Hurt Centre lo enable the charily lo meet ils obje¢lives and increase Ihe ongoing incotne from these valuable resources. However. the cinema and its lacililies were urKlerslandabty drasb'cally irnpacled by Ihe pandemic and as the chaflty's income is heawly relianl on Ihe success ol the Ginema operations run by CineworldlPiclurehouse. Ihis was oul of our control and use of the John Hurt Centre was reslricled.
THE SIR JOHN HURT FILM TRUST LIMITED IA company limlted by guarantee) TRUSTEES. REPORT Icontinuedl FOR THE YEAR ENDED 30 SEPTEMBER 2020 The Trustees have eliminated many of the cosl uncertairbties. which means that the impact of the unpaid renial Income from CineworldlPicturehouse has largely been milKJated. The pandemic has also had a SignifinI impact on granls from Trusts and Foundations, and Statutory Funds. The Iruslees are of the view Ihal Ihe actions they have taken in the pasl three years have secured the immedlale lulure of Ihe charity and that on this basis the Charity is a goirbg conceffl. As we write, our operations, like so many olheTS, have conlinued lo be negalwely impacted by the Coronavirus Pandemic. However, with Ihè skilful managemenl of the Board ol Trustees. we remain in a robust financial position. Our projections show that wè can conlinue as a going conc&m and r8main solvent even in th8 unlikely event ol no inwme al all. al least through lo S8pl6mber 2023. b. Flnanclal rlsk manag$m•nt obJ•cllv8s and pollcl•s Tolal incoming resources lor the ygar w8r8 £103,818 o)mp8retl to £116,311 lor the 12 months ended 30 Seplember 2019. Total resources expended, excluding depreciatson, d6creas8d by £23.367 fiom £93,135 in the 12 month period compared to £69,768 lor the Cuffenl year. The charity reports net incoming resources from lh8 pursuit ol ordinary chariiablo aclivilies 01 £24,772 lor the year ended 30 September 2020 compared lo nel incoming resources of £13,898 in the period ended 30 September 2019. The slalemenl ol funds in note 13 shows the movement in the Chariws funds in the year. An explanation ol the nature and purpose ol each restricted lund is also given in note 13. c. Rg$gFV8s poIIcy Given the reasons explained above in the Chairfs report. the charily does nol currently havo surplus funds to maintain a reserve, bul as explained the charity is addressbng its finandal situation and the Trustges are confident that they have sufficient resources to remain in a stable p05ilion. d. Prlnclpal fundlng The charills principal revenue lunding resources for the year should have been the rental inwma from CineworfdlPicturehouse lo manage the cinema operation, bar and restaurant al Cinema City on the charills behalf. As explained the charity is still pursuing oulslanding rent frcffi ihe Ter¢anl. Stru¢tur$, governance and management a. Constitution The company is a registered charity and Company limited by guarantee and was set up on 26 September 1966 as Norfolk and Norwich Film Theatre Limited. In Augusl 2014, the charity changed ils name lo Cinema City Limited. In November 2019 (shortly aller the reporting period) Ihe ¢harily relaunched as The Sir John Hurt Film Trust Limited. Assuming a bwder role in promoting great cinema nghl a¢ioss Norfolk. 11 is govemed by a Memorandum and Articles of Association. The charitable company has no share Gapiial and is limited by guarantee. Eath member is liable lo contribute £1 to Ihe assets of the company in the event of ils windin9 up and tolal members may nol exceed 50. At 30 September 2019 the cornpany has 8 such members.
THE SIR JOHN HURT FILM TRUST LIMITED IA Company Ilmlted by guarante8} TRUSTEES. REPORT Icontinuedl FOR THE YEAR ENDED 30 SEPTEMBER 2020 In the event of the charitsble company bein9 wound up wilh suWus funds, no member shall be enliued to pariicipale in the distribulion of Ihis surplus. The funds rerrhaining after settlement of all debts and liabilities will be transferred to oryanisations pursuing similar obie¢tsves to thos8 ol this charity. b. Illethod ol appolnlm•nt or electlon of TTu$tso$ Trustees are appointed al a general meeting of the organisation in accordance wlh the Memorandum and Articles of Association. Organlsatlonal Structure and d•clslon maklng The charity delivers ils charitable aims and obj'eclives effeth'vely and actNety through the Board of Trustees. who operate on a voluntary basis. They are well supported by a small part-time adminislialion team. The clnama. r881auranl and bar oparalions al Cinema City are undertakan on hat1 of the Trustees by CineworldlPiclurehouse under a manag8menl contract. The Sir John Hurt Film Trust Limited Board monitors the perfomance of CineworldlPiclurehous8 aOrdIng lo the terms of the Level Agre8m&nl and is responsible lor sgeing the agreed operaling standards are mel. d. Rlsk management The Board revlfrws the risks of the chaiiiable company on a regular basis and has implemented pollcles and procedures lo miligale exposure lo Ihese risks. In addilion. a re¥W of all financial risks is undertaken on a regular basis. Plans for lutur• periods Future developments In a climate of ongoing cuts lo funding and increasing Competition for grants, the Board ol Trustees are aware Ihal in order lo operate successfully and achieve educalK)nal aims and objeclNes, The Sir John Hurt Film Trust Limitéd musl become less relianl on granls and increase its eamed in¢ome. Th8 development ol Thg John Hurt Centre is a key factor in helping us lo do this and, as slal8d in Ihe Chair's report. Ihg Board continues to review its relationship with CineworldlPiclurehouse. As we move through this process. the organisalion has used its skills and strengths lo preseNe a heallhy financial positbon. Trustees. r•$ponsibilities staternent Th8 Irustees Iwho are also directors of The Sir John Hurt Film Trust Limilèd for the purposes of company lawl are responsible for preparing Ihe Trustees. report and the financial slalemenls in a¢¢ordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepled AC>Unting Praclicel. Company law requires the Tmstees to prepare finan(aal slalemenls for e8ch financial year. Under company law the Trustees must nol approve the financial statements unless they are satisfied that thèy give a true and fair vi&w of the stale of affairs ol the charitable company and of the incoming rgsources and application of resources, including the income and expendilure, of the charitable company for that ptrriod. In preparing these financial sialemenls, the Truslees afe require¢J lo". select sultable accounbng policies and then appty them nSistenI1, observe the melhods and plinpIeS in the Charibes SORP..
THE SIR JOHN HURT FILM TRUST LIMITED (A company Ilmlted by guarantee) TRUSTEES. REPORT Icontinuedl FOR THE YEAR ENDED 30 SEPTEMBER 2020 make judgments and accounting eslimales that are reasonable and prudent., prepare the financial slatemenls on Ihe going concem basis unless il is inappropriate lo psUMe that the charitable company will continue in operation. The Trustees are responsible for keeping adequate accounting records Ihal are sufficient to show and eXaIn the charitable companws transactions and disclose with reasonable accuracy al any time the financial position of the charitable company and enable them lo ensure that Ihe financial statements comply with Ihe Compani85 Acl 2006. They are also responsible for saf8guarding the assets 01 the charitable company and hen¢e for taking reasonable steps lor the prevention and delection of fraud and olhei irregularities. Th approved by the Trustees, on 17 June 2021 and signad on their behalf by.. wa Philip Easter Chalr of Thè Sir John Hurt Fllm Trust Ltd
THE SIR JOHN HURT FILM TRUST LIMITED {A company limlted by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2020 Independent examinerfs rtsport to th• Tru$tè•$ of Th• Slr John Hurt Fllm Trust Limlt¥d Ith'¢harity'l I report lo the charity Trustees on my examinalion of the accwnls of the charity for the year ended 30 September 2020. This report is madfr solely lo the charitys TTLislees, as a body, in accordance with Part 4 01 the Charities (Accounts anij Reports) Rogulalions 2008. My work has been undertaken 50 that I mighl slate lo the charills Trustees those mallers l 8m required lo stale lo Ihem in an Independent examinels report and for no other purpose. To the IL$11esl exlenl permilled by law, I do not accept or assume responsibility lo anyone other than Ihe ¢harity and the charitls Trustees as a bo(Jy. for my Work OT for this report. Re8ponslbllltles and basls of rfjport As the Trustees ol the charily18nd ils directors lor Ihe purpose$ ol company lawl you are responsible for the pr¢paralion of the accounts in accwdanL with the requirements ol Ihe Companies AGI 20061'the 2006 Acl'l. Havlng satisfied myself that tho accounts of the charity are not required lo be audited under Part 16 01 the 2006 Act and are eligible for independenl examinalion. I report in resped of my examination ol Ihe char41ls accounts Carried out under section 145 01 the Charities Act 2011 I'lhe 2011 Acl'l. In carrying out my examinalion I havg followed Ihe Directions givgn by the Charity Commisshm under secknn 14515}Ibl ol the 2011 Acl. Indopendent examlner's statement I can confirm Ihal no other matters have come lo my atteniion In connection with Ihe examination gfving me cause lo believe.. accounting records We not kept in respect of Ihe charity as required by section 386 of the 2006 Acl. or the accounts do not accord wlh Ih05e recL)Tds'. or the accounts do not mplY wth the accounling requiremenls o15ection 396 01 the 2006 Act olher than any requirement that the accounts give a 'lrue and fairf view whth is not a matter considered as part of an independent examination: or the accounts have not bèen prepared in accordance with the methods and prinryples of the Statement of Recommended Praelice for accounting and reporting by charities lapplicable lo Charities preparing Ihgir accounls in accordance with the Financial Reports"ng Standard appIlble in Ihe UK and Republic ol Ireland {FRS 102)]. I hav¢ no concerns and have come across no othef mallers in conneclion wth the examination lo whi¢h allenlion should be drawn in this report in order lo enable a proper underslanding of the accounts lo be reached. LLr Signed.. Julie Grimmer FCA DChA Dated". 23 June 2021 Larking Gowèn LLP Chartered Accounlanls King Slreet House 15 Upper King Street Norwich NR3 1RB
THE SIR JOHN HURT FILM TRUST LIMITED (A company Ilmited by guarant•o} STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2020 Unrestrl¢t¢d Restrlctsd funds funds 2020 2020 Total funds 2020 Tolal funds 2079 Not• Income from- Donations and legacies Charitable activities Other Ir8ding activities 48,OlXI 3.247 50.5T1 50.000 3,247 50,571 71, 151 6,726 38,434 Total Income 101,818 2,000 103,818 116,311 Exp&ndSture on.. Raising funds Charitable activilies 12,000 90,413 65.879 13,167 79,046 Total expgndlturo 65,879 13.167 79,046 102,413 Net Income I10xwndStur8) bofore transfers Transfers between Funds 35.939 {9,6511 {11.167} 9,651 24.772 13,898 13 Net Income I lexptndltur•l boforg other r•¢ognl$od gains and losses 26.288 11,5161 24,772 13,898 Not movèment In funds 26,288 11.516} 24.772 13,898 R•¢onciliation of funds- Total lunds brought forward 115.0841 344.709 329,625 315, 727 11,204 343.193 354.397 329,625 Total funds carrled forward Tho notes on pages 12 10 21 fom) part of these ffinancial statements.
THE SIR JOHN HURT FILM TRUST LIMITED IA company limited by guaranteè) REGISTERED NUMBER: 00888435 BALANCE SHEET AS AT 30 SEPTEMBER 2020 2020 2019 Note Fixed assets Tangible assets 331.591 340,869 Current assots D8btors Cash al bank and in hand 10 8,651 21,169 16,236 29,820 16,236 Creditors- amounts falling due within ono year 17.0141 (2, 726) Net current assèt8 22.806 13,510 Total assotsloss curr*nt IlabllltS0$ 354.397 354,379 Cr&ditors'. amounts falling due aller more than one year 12 (24, 754) Net assets 354.397 329,625 Charity Fund5 Reslricled funds Unreslricled lunds 13 13 343,193 11,204 344, 709 (15,084) Total funds 354,397 329,625 The ¢haritls financial slalemenls have been prgparad in accordance wlh the proyislons applicAbl8 10 companitss subje¢l to the small companies regime. The Trustees consider Ihal the charity is entiuod to exemption Ifom the requirement lo have an audit under the provisions ol seclion 477 01 the Companies Act 20061.the Act"} and members have not required the charity lo obtain an audit lor Lhe year in quostson in accordance wilh section 476 01 tho Acl. The Trustèes acknowledge their respon5ibililies for ¢omplyirKJ with the requirements of the Companles A¢1 2006 with respect lo accounting records and Ihe preparation of financial 51atemenls. The linan¢ial stalements were approved and authorised for issue by Ihe Truslees on 17 June 2021 and signed on their behalf. by. Philip Easter The notès on pages 12 10 21 form part ol these financial slalements.
THE SIR JOHN HURT FILM TRUST LIMITED {A company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 Accounting policies 1.1 Basis of preparation of finan¢lal stat¥monts The financial siatemenls have been prepared in accordance with the Charities SORP IFRS 1021- Accounting and Reporting by Charities.. Statement of Recommended Practice applicable Ic> charities preparing their accounts in accordance wlh the Finanaal ReportirKJ Standard applicable in the UK and Republic of Ireland {FRS 1021 leff8Ctive 1 January 20151. the Financi81 Reporiing Standard applicable in the UK and Republic of Ireland {FRS 10218nd Ihe Cornpanies Act 2006. The Sir John Hurl Film Trust Limiled meets the definition ol a public benefit entity under FRS 102. Assets and liabilities are initially recognised al historic* cost or transaction value unless otherwise slated in the relevant accounling policy. 1.2 Company Status The charily is a company limited by guarantee. The members of the company ar8 the Trustees namtsd on page 1. In the evenl ol the charity being wwnd up. the liability in respect of the guarantee is limrted lo £1 per member of the chanty. 1.3 Golng ¢on¢•rn As detailed more lully on pages 5 ond 6 01 the Trustees, report. the irustees have considered the charitys ability to conlinue lo operale despile th8 conlinuing TeslTiclions imptssed by thè Coronavirus Pandemic. Taking into accounl ol the measur&s taken lo stabilise the position, detailed control exercised by Trustees and the cash resources available. the Irvslees remain confident that the charity remains solvent and can continue lor Ihe lorseeable lulure. as such the Trustees conclude il remains appropriate lor the financial slalements lo be prepar¢d on a going concern basis.
THE SIR JOHN HURT FILM TRUST LIMITED {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 A¢¢ounting policies {continuedl 1.4 In¢om• l income is recognised onc8 the charity has entillernent lo the income. It is probable Ihat the income will be received and the amount of incx)me receivable can be measured rèliably. Voluniary income includes grants Ihal provide core funding Of are of a general nature. These are recognised when therfr is enliuemonl. certainty of receipl and the amount can be measured with sufficient reliability. Income from activiti lor generating funds is recognlsed as eamed las the rolaled goods and services are provided). Inveslmenl income is recogni$ on a receivables basis. Income from charitable aclivitios is rgcognised as earned las the related goods and services are provided). Capllal developmenl granls and donalions are Credited lo a restrted purpose capital lund within Ihe Statement ol financial aclivilies. They are recognisgd where there is entillemenl, cerlainly of rocfjipt and Ihe amounl can be measured with sulficienl relIa'111y. Rental ine£Jme 18 recognised on a rec8ivables basis. Where seryices and gifts are provided lo Ihe charity as a d(atIon Ihal would normally be purchased from our suppliers. this conlribulion is included in the financial statements as 8n estimate based on the value ol the Contribuln lo the ch8ri1y. 1.5 Volunteèrs The value ol services provided by volunteers is not IrOrpOraled into these financial slalemenls. Cinema Plus has Ihe a$silan of one regular volunteer for schwl evenis. 1.6 Expgndlture Expendilurg is r8cognised once there is a legal or conslru¢hve obligation lo Iransler economic benefit lo a third party, il is probable Ihal a transfer ol economic benefils will be required in settlement and the amount of the otjigation can be measured reliably. Expenditure is dassified by activity. Suppori cosls are those cosls in¢urre(I diroclly in support ol expendilure on the objects of the Charity and includg project management carTied out al Headquartws. Govemance costs are those incurred in connection adminislration of the charity and compliance with constitulional and sialulory requirements. Costs of generating funds are Costs incurred in attractirig voluntary income. and those in¢urred in trading activities that raise funds. Charitable a¢livilies and Governance costs are c051s inCued on the Companls &ducatiDnal operalions, including support costs and costs relabng to the govemance of the charity apportK>ned to charitable activities.
THE SIR JOHN HURT FILM TRUST LIMITED IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 Accounting policies {continued} 1.7 Tanglblè fix•d assèts and dopreciation Individual expenditure on lan9ible assels costing more than £250 or more is capitalised al purchase price. fixed assets are used for charitable purposes. Tangible fixed as$ois are carried al cost, nel of depreciation and any provision for imp8iimenl. Depreciation is nol Charged on Ireehold land. Depiecialion is provided al rates calculated lo write off the cost ol fixed assets, less their estimated residual value. over their expected useful lives on the following bases= Fixtures. fillings, cinema and office equipmenl Computer equipment Qvgr arS over 3 years 1.8 Interost rrt•lvabl• Interest on funds held on deposll Is Induded when recgivable and the amount can be measured reliably by the charity,. this is normally upon nolificalion ol Ihe inleresl paid or paYae by the Bank. 1.9 D•blors Trade and other debtors are recognised al Ihe settlement amount aftgr any Irade dlscounl offartsd. Prepayments are valued al the amounl prepaid nel of any Irade discounls due. 1.10 Cash at Bank and In hand Cash al bank and in hand includes cash and short tèm) highly liquid investments with a shorl malurily of three months or less from the dale of aCquiS"0n or opening of the deposit or simllar arKounl. 1.11 Llabllitles and provl$lons Liabilities are recognised vthon there is an obligabon al Ihe Balance sheet dale as a result ol a past event, il is probable that a transfer ol economic benefit will b8 required in settlement. and the amount ol the selllemenl can be estimaled reliably. 1.12 Financlal Instruments The charity only has financial assets and financial liabilrties of a kind that qualify as basic financial inslrum$nts. Basic financial instruments are initially recognised al transaction value and subsequently measurèd al their seltlemenl value wth the excèption of bank loans which are subsequently measured al affl0.$ed cost Lssing the effective interest method.
THE SIR JOHN HURT FILM TRUST LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 Ac¢ountlng policies {contlnued) 1.13 Fund a¢¢ountlng General funds are unreslri¢ted funds %thich are available for use at the discretion of th8 Trusl88s In furtherance ol the general obi8ctiV8s of Ihe charity and whth have not been designated for other purposes. Reslricled funds are funds which are lo be used in accwdance with specific reslriclions imposed by donors or which have been raised by the charity for parti181 purposes. The costs of raising and administering such funds are charg8d against the speiyfic fund. Th8 aim and use ol each r8Stricled fund is sel out in the notes lo the financial slalemenls. In¢¢m8 from donation• and l¢ga¢l•s Unr•$trlct•d Restrictod funds funds 2020 2020 Total funds 2020 Tolal funds 2019 Donations Grants 48,000 48,000 2.000 58,000 13,151 2,000 Total donations and legaues 48,000 50,000 71, 151 Tol812019 71, 151 71, 151 Grant$ 2020 2019 North Norfolk District Council Awards lor All-moving Mernories National Lollery Awards for Al 2.000 2,000 1,500 9,651 Total granls 2,000 13, 151 The donation from Norwich City CounGil and others lated lo in kind rent of ihe premises and venue hire. This is wholly dependent on the charitable aclivitses being maint&rbed.
THE SIR JOHN HURT FILM TRUST LIMITED {A company 11m1t by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 Income from ¢harftabl¢ a¢tlvitie$ Unrestricted funds 2020 Restricted funds 2020 Total fund$ 2020 Total funds 2019 Education courses antl admission fees 3,247 3.247 6, 726 Total 2019 6, 726 6.726 Fundra151ng Incomt Unrnstrl¢t•d fund5 2020 Restrictod funds 2020 Total funds 2020 rolal funds 2019 Sundry sales Rent of clnema 70 50,501 70 50,501 1,439 36,995 50,571 50.571 38,434 Total 2079 38.434 38,434 Dlrect costs Nortolk At Tha Pl¢tur•s Total 2020 Total 2019 Education Cinema plus direcl costs Printing. stalionery and posiage Press advertising and other Consultancy Overhead5 Positive cinema propct Depreciation 4,751 730 125 3,455 5.053 3.464 4,751 730 125 3,455 5.053 3,464 9,278 2,253 2,815 725 10,178 1,401 9,278 9,278 17,578 9,278 26.856 26,650 Total 2019 17,372 9.218 26.650
THE SIR JOHN HURT FILM TRUST UMITED IA Company Ilmltod by guarantee) NOTES TO THE FINANCIAL STATEklENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 Stspp¢rt ¢¢$ls Fundraising costs Govemance Total 2020 Total 2019 Education In kind rent and venue hire Insurances Legal and Independent examinalion fges Loan interest 48,000 48.000 648 48,000 789 2.763 2,763 779 22,824 4, 150 779 2,763 49.427 52.190 75, 763 Total 2019 12.000 22,824 40,939 75, 763 Support costs are allocated on a basis consislenl with Iha use ol resourcès. Loan interest relates lo the loans made lo the charity. Interest is payable on the prinaple sum loaned lo the company and is added on a monthly basis. One loan lor £10,000 accrues Inte$1 a11 pei annum. Two loans lor a lolal of £21,000 awue interest a115% r annum. These loans were repaid du¥ing the year. Analys1$ of Expenditure by expenditure type Depreclatlon Other ¢o$t$ 2020 2020 Total 2020 Total 2019 12,000 Costs of ralslng funds 12,000 Education Norfolk al The Pictures 67.005 67.005 9,278 58,311 9,278 9,278 Charitable activiti¢$ 9,278 67,005 76,283 67,589 Expènditure on govemance 2,763 2,763 22,824 9.278 69,768 79.046 102,413 Total 2019 9,278 93, 135 102.413
THE SIR JOHN HURT FILM TRVST LIMITED IA company limited by guarant•e} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 Nèt incomellexpenditurel This is slated aft8r charging.. 2020 2019 Depreciation of langlble fixod 88S8ts'. owned by the chaTIIy Independent examination costs 9,278 2.040 9,278 1.980 During th8 yO8f, one Truslee received any reimbursement of oxpens&s ol £Nil12019 - £2281. Tanglblo fixad assets Flxtures. Fittings & Comput¢r & Cln8ma Offlc• L•as•hold Equlpment Equlpment Improvement$ Total C¢$1 Al 1 October 2019 an(J 30 September 2020 411,071 100.541 371,116 882,728 Depreclatlon Al 1 October 2019 Charge for the year 411.071 11)0.541 30,247 9,278 541,859 9.278 At 30 September 2020 411,071 100.541 39,525 551.137 Net book value AI 30 September 2020 331,591 331,591 AI 30 September 2019 340,869 340,869 All assets are usod fof charitable purposes. The charily has a leasehold inleresl over Ihe land on which Ihe capital development stands under a 125 year lease. Legal charges over the leasehold property are held by the Trustees ol the National Heritage Mèmorial Fund and the Arts CouncAI of England. 10. Debtors 2020 2019 Other debtors 8,651
THE SIR JOHN HURT FILM TRUST LIMITED IA company Ilmlt•d by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 11. Creditor5-. Amounts falling due within one year 2020 2019 Accruals and deferred irbcome 7.014 2, 726 12. Credltors.. Amounts talllng due aftor rn9 than on• yoar 2020 2019 Olhor loans 24, 754 13. Statemènt of fund$ Stat•m&nt of tunds - currènt y•ar Balance at 30 Transfars Septembèr inlout 2020 Balance at 1 O¢tobor 2019 Incom• Expenditure Unro$trlct8d fund8 Gèneral Funds- all funds 11 S.084} 101,818 165.8791 {9,6511 11.204 R•strlcted funds Capital Development Fund Awards lor All - Positive Cinema Proiecl NNDC- Moving Memories 344,709 19,2781 {3,4641 14251 335,431 6.187 1,575 9,651 2,01)0 344,709 2,000 113,1671 9,651 343,193 Total of funds 329,625 103,818 179.046} 354.397 Following an assessment ol grant income in the previous year £9.651 has been reclassified lo restricted lunds. This fund represenls funding received from National Lottery Awards for All for the Positive Cinema Project. During the year the charity received a grant of £2.000 from NoTlh Notldk District Council INNDCI to use film and memories of visits lo Ihe cinema, as a fomi of reminiscence Iheiapy to help those living with dementia and similar conditions, and lo provide Supp io their carers.
THE SIR JOHN HURT FILM TRUST LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 30 SEPTEMBER 2020 13. Statement of funds (continued) Statement of funds - prior year Balanc& al 30 Seplemb8r 2019 Balance al 1 Qctob 2018 Inwn78 Expendilurg Gèneral Funds - all funds (38.260) 116,311 (93, 135) (15,084) Restrlcted lunds Capital Development Fund 353,987 (9,278) 344, 709 Total of lunds 315, 727 116,311 (102,413) 329,625 Summary of funds - current yèar Balance at 30 Transfèrn S•ptèmbar Inlout 2020 Balancè at 1 October 2019 Income Exp•ndllur• General funds Reslricled funds 115,084 344,709 101,818 2.000 165,8791 113,1671 19,6511 9.651 11.204 343.193 329.625 103,818 179.0461 354,397 Summary of tund5 . prior y¢ar Balance al 30 Septembei 2019 Balance al 1 Octobei 2018 Income Expenditure General funds Reslricled funds (38.260) 353,987 116.311 {93, 135) f9,278) (15,084J 344,709 315.727 116,311 (102,413J 329,625
THE SIR JOHN HURT FILM TRUST LIMITED IA ¢¢mpan.. l!p.!ted b. tee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 14. Analys1$ of net assets btriwèèn funds Analysis of net a$$ots between fund$ - current year Unrestrl¢l•d Restrfcted fund$ funds 2020 2020 Total funds 2020 Tangible fixed assets Currgnl assets Creditors due within one year 331.591 11.602 331.591 29,820 17,0141 18,218 17,0141 11,204 343,193 354,397 Analysls of net assets botweèn funds - prlor year Unreslricted funds 2019 Restricted funds 2019 Tol81 funds 2019 Tangible fixed assets CuTrenl assets Creditors due wilhin one year Creditors due in more than ono year 340,869 3,840 340,869 16,236 (2, 726) (24, 7541 12,396 12, 726) (24. 754) (15.084) 344,709 329,625 15. Related party transactlon$ During the prior year. one InJ51ee provided the charity wth an InteSt free loan of £1,000. The balance outstanding on Ihis loan al the year end was £Nil. There have been no such loans in Ihg Cuent year. On8 Iruslee wa5 8 personal guaranlor for a loan in place durirvJ th8 prior year whers the balance al the year end was £11,417. This ban was repaid (Juring the current year. During the year. one Iruslee Pfovided professional seNices lo Ihe charity lolalling £1.875. All Iransaclions were made on an armslgngth basis.