Reglstered number.. 00868435 Charlty number. 288309 THE SIR JOHN HURT FILM TRUST LIMITED IA ¢ompany limiled by guarantecl UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEM8ER2023
THE SIR JOHN HURTFILM TRUST LIMITED IA wnpany litniled by 9uararrteel CONTEMTS Page Reference and admlnlstratlve detalls of the charlty. lis Trustees and advlsews Chairnian's slatement Tru$tee$' report Indopendent examlnerfs report Statement Dlfinancial activitie5 10 Balance sho*t Notes to the financial statement5 12-23
ThE SIR JOHN HURTFILM TRUST UMITED IA company Ilmlted by guarantee) REFERENCE AND ADMINISTIU4nVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Truste•$ Philip Easter. Chair Karen Buchanan Lady Anwen Hurt Mith2el Hutchins(xi Jaan Lamer AJ)drew Newman Julian Swans Company r89lstered number 008&8435 Charity regi$lergd nwmber 288309 R•gl$t•rnd officè Cinema City St AndW.$ Street Nomch Norf(dk NR24AD A¢¢ountants LarkIr Gowen LLP Charter8d AcCountS 1st Aoor ProSpt House Rouen Road NoNich NR11RE Bankers Barc4ays Bank PIC S7 Red LK)n StrEel Norwich NR1 3QH Page 1
THE SIR JOHN HURTFILM TRUST LIMITED IA company Ilmlted by guarantee) CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2023 Summary Th8 year 2022123 lending S8ptemb8r 20231 w85 V8ry rnh a year of contr85t for th8 Trust. Ivilh an increanglY healthy financial P051tion temper8d by Ihe fact that Cin8worfd. Ihe p8r8nt o)rnpany o. our tenant18TMI main source cf incornel Pidurehouse, ent8red into Chapter 11 nkruPtcY in Seplewnber 2022, armj rernaiDwJ in Ihat 51ate alrTM)St lhight the TeFxytsng penod. Thls resuiied In a caLUous stance by Tn¢tees It came to fvnding charitstk aCtie$. TnJees look the deCIon 10 kave a financial buff in The Charity given the uncertainty atrA)ut [esen1 fiJturÈ iThxJme. Despite this. with the TecedirKJ of CovNJ- which had restricied iK)th cinerna awKI the abilty lo deliveT progratnrnes - The Charity wa5 ab18 to gnificaY ramp up its charitable iW, in PartIarIhe exir8m81y su(xsfuI Moviry M8mories InatiVe. In addilion. the vastty improved laIm)n1p wlh tr hx31 managemenl of PiclurÈhouse- Justin Fkymes a1 his team at Clrna Cily- we are able to report a improved perf0mlan by the onem3 against tts ServKe Level Agreet, wth a more diverse artistic offering resulting in very healttby adrns ffigures. The year also saw the start ofjoint inativeS be1We Ihe Trus13 Cinerna Ctty in the educational fiekl. thich has enabled the trust to deliver 8 gr8atty irsa58d wogramm of 8cthwty in this fiel(L Flnancè Du8 to robust n8gots'ation5 wth Pictur8house 8trx)ul reix)verir¥J unld renis 8Th18n5uring thal current r8ntS W8re p8id in a timely manner despite the Chapter 11 bankruptcy. ts Twst eThJ$ tre year in a heathy firCial poytTh). Tho Charity made an (yrating surplus of t10.576 aftÈr deprlat on lÈasehokl Improvèmen during the ye8r. Th& Trusl ends the year with a bank balance of £65.297. The Charity has no outstandiry debts. The Board has tsken a Ttsbusl 8pproa¢h with Cineworfd arHI the tru51ees in bankruplcy. pti¢ularty in view of the ¢onsiderable financial losses incurred by sorne of the groups landlords tM)th in the UK and overseas. As a re11 we have beèn able io ensure that all monies owed for both base arKJ turnover rent have been received in a ts"[r rrk4nner. induding the arrears from the Covvj period. Cineworfd ernetged frorn Chapter 11 bankruptcy in August 2023 at very eThJ of the Trust's ieporhw¥J peri1. after cuttng its debt and Introducing new capital. The fom)er owners exite<l Ihe bus$$. and a new marwJerynl aM has been apwnted al both Cinewodd and Plcturehc$e. Subsequent lo Ihe repOr.ng peri. a delegation of SJHFT TnJste8s mel th Ih8 rwi Pthrehouse managemBnt t88m in a ¢onsttUCtive meeting, and we are hqjelul Ihat Ihe crises aThJ uncertainty d the previous eia are Thjw behind us. This is good news in particular for the future of anema Cty atwj its abiltyto lutfil its artisl'c remit UWKler SLA We continue to see room hire incoft fr(m the Sir Jthn Hurt Centre. arn1 we a marketing this pro&tively to both charitable and commerca81 org8ni5ethws. Picturehouso Cinemas (Norwichl Ltd The comrneroal uvdertaking5 of Ihe onerna operK)n. bar aTrd restsurant are SUtHntracted to Pru[ehr5e Cinerras Lirnited (Norwichl, The Trust receives a less-lharrfommerraal rentsl irwme frrm its pareni CoMpy. CineworfdlPiciurekwse. Page 2
THE SIR JOHN HURTFILM TRUST LIMITED IA company Ilmlted by guarantee) CHAIRPAAN'S STATEMENT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2023 We reported $t year ab(rtrt the very [M)SVe effect of the wjinbment of a new gerwJ manaw at Cinema City. Justin Holmes. who ha5 inj8Ct8d a n8w en8rgy inlo the cinern8 Ihe team. and h8s defflottra 8 fA)mmitm8nt to delivering 8gainst the S8NiC8 Lev81 Agre8menL and In worklng Th& Ch8rty 10 ts)Iny ddiver education and other fi.m-r81at8d actIes. Despite the Cineworkj bankruptcy situatN)n. Mr Hdmes aNJ his team have $l$S1u1IY seoJred fuThJs to continue to improve the fabric of the building. and has been very Droa¢tive in marketing the cinema. which has resulted in increased revenue land hence Increased fu$ available to the Trust for its ¢foritable actiwb"esl. Tr anema's f(KMJ and tevwage operation. which was laurn¢hed last year. goes from strength to strength. W8 are particularty FAeas8d that this y8ar seen a rnuth dos8r worki1 relaOnShip on th? UCational side, with a number of joint activities being ijelivered by Cinema Citys team ilh part funding from The Charity. As part of this. the Trust has agreed to coniribule to the Stsff costs involwed In marketing and ¢J1Verg Ihese inib"abves. further eVee of a much be rekts"onship between the Tru9l and ihe k)cal Picturehryjse managernt. The Trustee5 once again pay tribule to Mr Fklme5 and his team. The comnErrAal success he has overseen arpe8r5 to have allowed him and his tearn a degr8e of loral autonowy wthich is rKrt present 8158whwe in [lctur815e, this is very much to ben8fft of the film-lover5 in Norft)Ik, and to Ihe op8ration ofThe SirJohn Fljrt Film TSt. Whilst the o¥vnership and long-twm structu of Pthrehouse is still soTrE¥4hat owue. we end Ihe pOling penod optimistic that we are entering a new and fruifful laoI1P wth PictLTelKJuse. Activity With the COV pandemic reing, TnJstees were keen ramp up delivw ol charitsLAe actiwty ¢JuriNJ 2022123. Vvhilst this was achiev8d lo an exlenl. our ability lo do as much as we wcAJld ¥sh was lernper8d by need for finanual prud8rbce due to the Cineworfd Chapter 11 bankruptcy situation. Actimties whKh took place during the year iwKluded= Moving M8mories'. r successful projeci whith uses cinema trj stinuJl8te rn8mories in pecple living with dem8nti8. was gr&atly xpanded, wilh fJnding providpA to Angela Bi%hop, Ixjr freelance )btraC10r, to develop rnor8 58ssions, buy props and other materials, market Ihe initiaiive mtye widely, aThJ ddiver nre sess¥)ns That expan%on is COThiinuiTYJ apace 1rn0 2023124. A number of educational ac1m1$ and ¢>)urses were ddivered in a joini venture wrth the local PiCtUhOuse team. The Trust contributed funds towards the develop1rt anij marketing of these. and also pro¥kled bursanes to allow those who rnEhl not otherwise be able to tske part land in particxJLgryoung FeOFAel io do so. Trustee Mike Hutchinson delivered a Dmr of prenlIOrS al-. Ihe history of cinema in Norfolk under the 'NorfK at the ptUreS. iniliative, includiig one lo sevwal hundred Mbe{s ol Norfdk U3A at N0Ch'S Assembly House. Charity 5UPPOrted wjucational aclNitses in The Sii Jthn Hurt Centre by the W¢ykets Education As5OUatn IWEAI and the University ol Ihp Third Age IUIAI Perhaps thÈ mosl imKK)rtanl achievement dLiffj IhÈ year was thÈ wc¢k vrith I(1 PicturÈhousÈ management to rejuvenale the artistic offering at Cinema City so thal it is broadly fulfillng Ihe sern Level Agreement- Page 3
THE SIR JOHN HURTFILM TRUST LIMITED IA company Ilmlted by guarantee) CHAIRPAAN'S STATEMENT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2023 and the Contin improvement in the fabric of the buikjing the faalities of the unenk8 in lir with the Trust's remit as custodian of Cinema Cty. Future Prospects We are much more Optim1 ab¢wt Ihe cining yearfor a numtEr rrf rea5$.. T1 that CirEWOrtd h35 exiled frutn Chapter 11 bankruptcy. and a new managernent at A"durehDu5e ha5 been aP[lted. with whorn we are t1119 a constructive relalionship. We gnd the rgporting pericxl in a he81lhy ffinancial positson (knspitg the fact that for 11 months of the year our main sourc9 of fvnding w35 in Chapter 11 bankruptcy. We are already consideraNy rarnping up Ihe ddwery ofour charitabk ac11vit$ r that the finaw4 fuiure more secure. We are rK)w delwering charitable actiwties joinly Cinerrta Cty and Ihus accessing Iheir )nSKler8te marketing exp8rtise, which means the read) of acb¥iiS ts very much wider. The investment which the new local mana9emenl team has manaw to secure from Cined1CtUreh0use means Ihat th& fabric of the cinema is now bein9 propèrfy mainlained alld. Indeed. improved. As rewted last year as part of our thgEr4errn an5. the Idk)w¥ig make up Lwjr pnonty for 2023124.. Embarking on a major expanwn ofthe Moving Memcrfies programmeac¥oss the whde of Norfolk Recreat¥)nal courses for underprivileged YWNJ peop Creation of and wpport lor tinema appretsation groups Working wth the local rnanagefnellt to i[Ue Cinerna Cty in Heritage Days Pup screenings. th p¢>ssitAe invofvemenl fr<Mm our Patron KenYK)d8 Working with other f8siNals to ensure th8t CAr is induded as an art fomi Nurturing film-makers, both aspriro prrAessMIs anil enthvskq$t amateurs. Phllip Easter Chairman Date.. 24 June 2024 Page 4
THE SIR JOHN HURTFILM TRUST LIMITED IA company Ilmlted by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023 The Twstees present their annual reFK)rt tother With the financial staterrEnts of the cty for the 1 October 2022 to 30 September 2023. The Annual report 5erwes the purpose5 of th a Tru5tees' rept and a diieclors, report un(kr company law. The Tru51ees confirm that the Annual report and 5tstetnents of tre charitai4e company co[nY with the current statutory requiietnents. the requ1ments of the ¢h8rilable Compan$ oovemino d(Ument )[ the Statement of Recommend1 Practice ISORPI applicable lo chaiities preparing their accounts in a¢Co[dan 1h Ihe Financial Rep£Ing Stsndard applicable in the UK and Republic of Iipla?d IFRS1021 leffecbve 1 January 20191- Since ChatY quaifi85 as small und8r 5eGlion 382 Dr It Cornpani85 AGI 2(M)6. the SiiategiG reptxt (equired of rnedium largÈ companie5 under the CotnpanEs Act 2006 Istralegic Report and DiredL¥5' Rep(xtl Regulations 2D13 ha5 been Imnitted. Objectives and activitie5 P(Aiciès and objèctives The Dbjec1lv of the charty are to advatKe the edJcalN)n of the in film the moving image as an ar and as a mediutn for informalion. educatK)n and sotial ÈnlightenmenL The tharity sÈÈks ry0Ve the public of Norwich and the surounding area with the opportunity to &xperIen a lde r8ngin9 programme of fra1 rirema relataa th the aim of enhan¢iTrJ the authen,$ appre&ation, enjoYMt and uThkntsndiry of film. The Sir John Hurt Film Trust Limited is a charitatAe OrganisalM in Norfolk that uses Ihe wjpular mediurn of moving image to engag8. 8durate, enrich and irpire tIE Norfolk communtty- In setting obje¢lives and planning for acDvities. Iha Trusts have gwen due o)nsKleration to general guidance published by the Charity Commission relating to public trerefrt indtK4ig the gukla'ptrA benefit.. running a ch8wity IPW21'. Aehlevements and perforniance . Main achi8vernent5 of the charity Covered in Chairfs report. Flnanclal rovlew . Golng concem After making appmpriate enquir$. Ihe Trustees have a reasonab expecta that the charity has adèquate resources to continue in operatlDnal eKstence fof the foreseeable future. For this reason. they continue to adopt the goirNJ co1M basis in preparing the financial 5tstemenl5. Page 5
THE SIR JOHN HURTFILM TRUST LIMITED IA company Ilmlted by guarantee) Flnancial review Icontinu•d) b. Resétrves lIcY AS explained the the Chairf5 Rgwrt. due to ihe energetic me85vres taken by the trustees to reVer the debt from CineworldlPiclurehouse. and lo the COntind prndence in tÈm)s ol spÈndiThJ by the rtharily. Ihe charily 2nds the ye8r in a sound financial positK)n. Following the Chatker 11 bankruptcy ol Cinewortd. the firanci81 structure of the owners of Piciurehouse ts (lY slowly ernerging, indeed, the ownership of Cirieworfd is 0ue to Ihe Chanty and for this reason we iefflain tiOUS ab(t our spending. lfi light of this a reserv8S targ8t has not be8tl Set. ¢. Flnanclal rlsk mana9ement obJe¢tfves and polkks Totsl Income for the year is £78.583 compared to £73.127 for the pri year. Total expenditure Increased by £6.398 from £61,609 to £68.001 lor the year. The charity reports nel inc<)me of £10.576 lor Ihe year ended 3CI Seplember 2023 cunpared to £11.518 in the period ended 30 September 2022. Total funds ar8 30 S8Pt8rnb8r 2023 are unr8s1rict8d E69258 12022= £48.964} and r8strictl £303,757 12022.. £313.4751. Note 10 provides further delails of thefiJnds hekj. d. Printipal hjnding The charlty'5 pfinclpal revenue futyjing sOur5 fvr 1he yeai ha5 been rental iome from CinewortdlPictuiehouse to manage the cinem2 operation. bara restauontat CinEma City on Ihe chatity's behalf. Structurep governance and managemnt Con5tilution The ¢(Knpany Is a registereij charity arn1 crKnpany limited b¥ guarantee and was set vp on 26 Septemw 1966 8$ Norfolk and Nonp41ch Film Theatre mIled. In August 2014. th8 charity changed its nam8 lo cIrMa City Limited. In N0¥8mber 2019 th8 charity r&laJnched as The Sir John Hurt Filffl Twst tirnited. AssUrn1[ a WKler TO in pro[ling great cinema right acioss NorftAk. It is governed by a Metnorandurn and Artides of Associon. The Charitsb compa?y has no Sha capital and is litniled by gu£Trniee. Eadb member is liaL4E to contnbute £1 to the asset5 01 the mpaiy In eveni of its indirKJ up and IOtsI membets may noi exceed 50. At 30 September 2023 the company has 7 SL members. In the event of the Charntae company beiro wound up wilh suWus luThJs. no member shall be entr.tled to patticipate in the dislnbub.on of this surplus. The fvnds remaining aft setUenMt of al debts and Ipbilibes VAII be Iransferred to organisalions pursuing similar objectives lo those of this ch*ity- b. Method5 ofappolntment or election ol Trusiees Trustees are apwinted at a general rneebng ol the ¢JryanisatK)n in accordance wth the Memordndum and Article5 of A5sociatvJn. Page 6
THE SIR JOHN HURTFILM TRUST LIMITED IA company Ilmlted by guarantee) Structurè. governancè and rnanagement Iconlinuedl c. Organlsatlonal structur• and declsionwmaklng policles The Charty d81iver5 Its charitable aims and objectives effeclivelv and ¥tively through the Board of Trustees, who operalg on a volunt2ry basis. Thèy are wel supported by a small part-e administration leam. The cinema, restaurant &nd bar operalnS 81 cir3 Cty are und2rt8ken on beham of the Trustees by CineworfdlPicturehou5e under a manag8Tnenl contrax. Th8 Sir John Hurt Film Trust Limitgd Board rrK)n1tO the p8rfortnance of Cin8workJlPiclur8hous8 according to the terms of Ihe seiCe Level Agreement and is rewnsiLqe fL¥ ng 4reed operdting standard5 ale met. d. Risk management The Board rewews the risks of the tharitabè ccmrpry on a regubr basis and has Tmplemenled rdKies and proureS to mitigate exposure to th8se ns. In addition. a reVW of all financial risks i8 undertaken on a r8gul basis. Plans for luture perlods In a dimate of onwng culs to fiJnding and ina$1[j competition for granrs. the Board d Trustees are awa tr)at in ordei to operate suc(ssfully and achieve Il's eL1ucaknonal ain obJ"ectives. The Sir Joh.) Hurt Filni Tr1 Liniiied cali i)0 longer be relnI ori grants and must conknnu6 to reduce its cos15 and IneaSe tt's eame(l Incor The develOpt of The John Hurt Centre is a key factor in helping us Its do this d, as staled in Ihe Cl¥girfs t. the Board continues to .4 its relationship hTrilh CineworfdlPiclurehouse. As we move through th process. Ihe organisati)n has used ts skills slrenglhs to Fyesen'e a healthy financial p0s5ts"0n. Statsment of Trustees. rospon5ibilities Thg Tw5te8s Iwho are a150 Ihe dir9ciors of lh9 charity lor Ihg purFx)ses of company lawl arg r95PDnsiblg for wgparing thg Tru5tg9S' report and the financ1 stalemenis accordan appli(xble LTh arml Unl1 'nln Accounting Stalards Iunited Kingdom Generally Accepted Accounting Praclicel. omp2ny law requires the Trustees to prepare finar1 skiements lor eath finaniJal year. Under COmY law, the TrLL8tees rnu not approvè the financial statements unless they are satisfied that they give a tnje fair view of the slate of affairs of the charity and of its incoming r8sources and application of r8sourc8s. includ¥ its irKx)me and exFWKlitur8. for that ri0. In preparing th8S8 financial statements, the Trust are required to.. select suitable aceountiw wjh'cies and aprAy conSten11y." observe the [rEthS and prinople5 01 the Charitie5 SORP IFRS 1021.. make judgments arKI accounting estimates that are -easonable and prudellt.. state whether applicab18 UK Accounting stalards IFRS 1021 hav8 b8en f(AlowEd. subj'ect to any rnat8rial departur8S iJisck)sed and thxplained in Ihe financol statgnents. prepara the financial 5tst8tS on Ihe concem un18ss li 15 inèppropriat8 lo pr8sum8 Ih8t th8 charity will cDnlinu8 in busines5. The Tru51ees are resrA)nsible ts keeping adequate pLcounting record5 Ihal are SuffieTrt lo show and eXaIn the ch8ritVs transactions and disclos8 with reasonab18 accuracy at atby tirn8 lh8 financial w)srtion of th8 charity and enab18 them to erUre Ihat th8 financi81 statements comply with the CA)mpanies Act 2tM)6. They are also reSttAe for saleguarding th8 assets of the charity and hence for taking ieasonabl8 sleps for prevention and deteL1ion of frdud aré olher irreguloribe5. Appro¥ed by ¢)rrJer of the Nmbets ol the board ol Trustees and c*) bthalf ty. Page 7
THE SIR JOHN HURTFILM TRUST LIMITED IA company Ilmlted by guarantee) Philip Ea$ter Chairrnan Date." 24 June 2024 Page 8
THE SIR JOHN HURTFILM TRUST LIMITED IA company Ilmlted by guarantee) INOEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023 Independent exarnSn8rf8 report to the Tte8S of The Sk John Hurt Fllrn Trust Urnlt•d Ilhe charlty) I r8POrt to th8 charity Trust8e5 on my 8xamirHtion oflhe ac(xNJnts of th8 (arity forth8 y8ar erKl8d 30 S8pi8tnb8r 2023. ResponslbSlltkn and basls of report AS the Trustees of the charity Isnd its directors the purposes of company ) you are re3ponsible for the prep8rtion of the accounts in accordan with the requrenHIts ofthe CoMn Act 2006 (Ihe 2(KJ6 Acl'l. Having satisfied mys&f that the accounts of the thairty a not Llied to be audite<l under Part 16 of tho 2006 Acl and are eligible for ind8pend8nt 8¥atninalion. I report In r8SP8Ct ol rny 8xaminatK)n of Ihe chatiV5 account5 cafTi8d out under s8Ction 145 of th8 Chsriti8S Act 2011 I'the 2011 Ad'l. In carryiNJ out my eXaminaln I have foll¢)wed the Directi$ given by the Chanty Commission under tion 14515ljbl of the 2011 ACL Independent exarninerfs staernenl I have wmp1818d my 8xaminatK)n. I Conffi that no matte15 have Lxxn8 to my att8nlK)n in {nectiOn th th8 8X8rnination giving m8 (use 10 believe. accounting records were not kept in resrd d the dBrity as wwred by section 386 ofthe 2006 Act.. or the ac£ounts do not accord wilh tse reccrtq" or the accounts do not cotnthy with the acEountThJ requiiernerts of seLon 396 of the 20C6 Act othw than any iequiremenl that the accounts gi'ie a'true and fairf vieY4 whith rs not a tnaller cOnSered a5 Fart ol an independent exatnination". or the accounts hav8 not been prepèrwj in accordance wilh th8 me"th£¥Js and prin=1pS Of the Stat8tn8nl of Recommonded Practice for accntIng and repL¥ting by charitses [app1Kab to charities preparing thr accounts in accordance with the Financial Repottiry Standard applicab in the UK ar¥J Republic of Irdand IFRS 10211. I have no con¢ems and have come across no other matters In oTrecl witn me exam)ai*)n to whlch anenfjon snwld be ar3wn in this report in order to enable a proter uThYerganding of the acthunts to be reached. This port is made solely to the thnty's Trustees. as a brK1y. in aWydan wrth Part 4 of the chare$ IAccounts and Reports) Regulation$ 2008. My work has been undertaken $0 thal I mighl stsle to TrLStees IlK)se mattets l atn requi lo slate lo them in an Independent examinerfs port a1 lor no olher purtthe. To the fullest e¥lent permitled by I do not a¢pt or assume respon5ibilily to anyore otherthan the charity and ts charitys TrL&ees as a bth. for my work orts thi$ repNt. Signed.. Dated.. 27 June 2024 Julie MMer FCA DChA Larkin9 Gowen LLP charte Aectsunlants Norwith Page 9
THE SIR JOHN HURTFILM TRUST LIMITED IA company Ilmlted by guarantee) STATEMENT OF FINANCIAL ACTivfTIES IINCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2023 Unrestrfcted funds 2023 Total fund5 2023 rotal Restricted funds 21123 122 In¢rxne from: Donatity)s and legac$ Charit88 actwwities 470 48,07tr 48,025 30513 30.513 25.102 Total Incomo EXnditre on: Charitse 78583 78,583 73. 127 9.718 58389 68.007 61,609 Total expenditure 9.718 $8289 6&,007 61,609 Net movement In funds 19.7181 20294 10.576 11,518 Reconciliation of funds= Ttstsi fvnds broughl forward Net trrt)vemenl in fund) 313.475 48964 362,439 350,921 19.7181 20294 10,576 71,518 Total funds carried forward 303.757 69258 373,015 362.439 The Statemenl of finanrial ¥1e$ Indu(les all gains and losses rwniwl in the year. The no18s on pag8s 12 to 23 form part 01 th858 finan(ial sta18nts. Page 10
THE SIR JOHN HURTFILM TRUST LIMITED IA company Ilmlted by guarantee) REGISTERED NUMBER: 00888435 BALANCE SHEET AS AT JII SEPTEMBER Z023 2023 2022 Note Flxod a$$•ts Tan91te assets 303,757 313.035 303.757 313,035 Current assets Deblo 361 9,762 46,653 Cash at bank and in hand 6&297 71,6S8 56.415 Credit¢xs. awnounts falling du8 wilhin onè yèar {14001 (7.07 IJ Ne¢ ¢urrent agsets 69.258 49,404 Total net assets 373,015 362,439 Charity funds Restricted funds 10 303.757 313,475 48,964 Unrestrided funds 10 69,258 Tolal funds 373,015 362.439 The charity was entitled to exemptTh from audit untsr section 477 ofthe Compan5 Act 2006. The mwnbets have not required the wmpany to obiain an audtt for the year in qtic¥) in accordance wth seclion 476 of Companies Act 2006. The Trustees acknOW9e their resrM)nsibiliiies cOMO"ra with the wuirements of Ih? Act Spect to a¢¢(MJnling COrdS and preparation of financi81 statements. The financial statements have been prepared in accordan wih Ihe [vIsIonS appl•tl¢ to entits subje¢t to the small companies regime. The fin3ncial statements We approved and aUthw ts e by Ihe Truslees and on their behalf by.. Phlllp Easter Chairrnan 03te." 24 June 2024 The notes on pages 12 to 23 lomi part of Ihese financaal ststsments. Page11
THE SIR JOHN HURTFILM TRUST LIMITED
IA company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATE14ENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Accountlng pollcies
1.1 Basis of prtparation of financial $tat•m•nts
The finaicial statements have been prepared in ac¢ordan¢e wth the Charit$ SORP IFRS 1021 . Accounting and
Reportinj by Charities". Statement ¢1 Re¢(mmended Pr&hce aJplicabb to Charities preparing thwr accounts in
cordance with the Finantial Repth'w Stardard apItable in the UK aThJ Republic of Ireland IFRS 1021 leffectlvg 1
January 20191, the Financial R8pryting Slandard applicable in lh8 UK and Republic of Irgland IFRS 1021 and thg
Companies A¢t 2006.
The Sir JLthn Hurt Film Trust Liniied rneets the definitN)n of 3 public benefit entty under FRS 102. Assets and liabilitie5
are initially renISed at histor1 c051 1[an5al0 value unless otherwise stated in the relevant accounting p(AiGy.
1.2 Company status
The charity is a cornpany limited by guarantee. The [nernbe of the cotnwny are the Trustees narned on page . In the
eveni of the charity beiNJ wound up. Ihts IrdL"lrty in respea ol Ll guarantee ts limited to £1 per meThber of the charty.
1.3 Golng ¢(wAm
After ma<ing apprrwate enqui'ies, the Trustees have a reanatrA expectstion that the tharity has adequate resources
to continJe in operational 8xist8nce Ihe foreseeabe future. For this reason, they ntinue to adopt the going concem
b85is in weparing the financial statemenis.
1.4 In¢¢)me
All income Is recognised the chapty has enl1uenw Io Ihe income. it is w
THE SIR JOHN HURTFILM TRUST LIMITED IA company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATE14ENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Accountlng PDllcSes Icontlnued 1.5 Volunteers Th8 valu8 of 58rvic8S PWOVK18d by vdunt88r5 not in(x)rtwdt8d inlo Ih8se finanaal ststem8nts. 1.6 Expenditure Expendibjre recognised there is a Wl tr CorlI11¥e 19a"0n lo tran5ferecvrThiC benefrt to a third party, it is prob3blp that a Ir?nsfer of ecanotnic benefrt5 11 be requitpd in settthent and the atnount of Ihe 019ation can be rneasur relk?tAy. Expenditure is da$srf by11¥1 Expendittjre on charitable acliwbes is ncuffed on direcuy uThjertak1 the a¢tivils which fvrther the charitrfs objectives, as well as any associaled supwl costs. Support G05ts are those w5ts [re direGVy in suswrl of expenditure on the objeds of Ihe Gharity. &)veman(Y fjQSts are thos8 incurr8d in connection wth admiristr8bon of the charitv arKI com18nc8 wilh const lutional and $181utory requiretrEnls. Ch8dtable aCtttas and Govemance CDSt5 are costs IncxJwr8d on th8 17)mpanYs edatk?na1 operations. irKludlng 5UPPOrt CDSts and costs r81ating lo the govgmanc8 of th8 tharty apwtlwj lo tharitabl8 aL¥e5. 1.7 Int•r•$t ro¢èlvab Inte$¢ on funds hehy on dep(6it is included when recewabè and the arUnt can be measured rellaY by the charity., this is nrmally notifirxtion of intereslpaid or payab by the Bank. 1.8 Tangibl• fixed ass•ts and (l•pr•¢ialion Tangible fixed assets c05ting £250 or more are caiMlalis8d rewnised then futuie ecowK)mic ben8fits are probable and th8 Cost or ¥alu8 of th8 asset be ryE35ur8d rdiabty. Tangible fixed assets are catried at cost. net ol deprecraiv)n and any provi&on foi irnpairment. DepreciatioD is not chaiged on frpehobj land. Depieoation is pr9vided at late5 calculated to write off the c05t of fyed a55et5, less their pslimated idUal value, over teir expe L5eful liTres the lollowing bases- Derweciation is charga so as to alkKale Ihe o)st of tangible fixed assets kss residual value over their estimated I lives. using the straighl-lir melhTr Deyeciat)n Is provida on the fdkA4ing tmses.. Long-t8mi leas8hold prop9rty FixlLires, filt1[s. nnema arKI office equipmenl Comput8r 8quipm8nt -over40 years -over 34 yeats -ovw 3 ye8rs 1.9 Debtor Trade anrj other debtors are recogni¢ed ai the settl*menl amount after any Iwle discount offered. Prepayments are valued ai the amount prepaK1 ret of any trnde diswrts due. Page 13
THE SIR JOHN HURTFILM TRUST LIMITED IA company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATE14ENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Accountlng PDllcSes Icontlnued 1.10 Cash at bank and In harml Cash al bank and in hand incl5 arKI short-term hvJhly liquid in¥tmentS wkh a short matty of thre8 month5 or les5 frorr Ihe date of acquiSor. or owing of the deposrt or sitnikr acwJnL 1.11 Llabllltles and provlslons Liabilities are recogni when Ihpre is an obh9ats.on at the sheet date as a result Df a past evpnl. il is probHtAe Ihal a transfer of economic benefit 11 be required li sÈtllÈmenL Ihe anYMJnl of IhÈ sÈlUemenl can be estsmated reliabty. 1.12 Financial ingtruments TFie t*iarily (xily IidS fir1dnl di fiiMIiLhil lldimli uf d kind IIHI 4Udlify basiL fiiidfiLldl iiisitUlTivnL¥. BdlllL financi81 instruments are intbally recognised at transacti( wdlue and subsequently measured at their settlement value with the exception of bank kkans whKh are sub5equerfy m885ured at amrtsed (x)4 th8 effenthve interest rn8th0d. 1.13 Fund accounting General tunds are UnreStrted funds which we avaiLaLle for use at the dIsb"On ol the Trustee$ in futherance ol the general objectives of the (tsrity and which have nol been des"gnated for other wrposes. Reslriclgj fUlS are funds byhich a lo be Ltsed in with spetific restrictions itnposed by donors or bthich have n raised by chanty for particula. purposes. The eA)Sts ol ralThJ and administèring sh funds 8re charged against the spe¢ik fund. The am and use of each resincted fund is sel in the rKJÈ5 to the financi81 stalemenis. Page 14
THE SIR JOHN HURTFILM TRUST LIMITED IA company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATE14ENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Income Irom tlonatb)n5 and legacies Unr•strSc¢gd funds 2023 Total funds 2023 DonatK9 48.070 48,070 Donati$ include £4&C¥J) 12022.. £48.0001 in kind rent for gifted premises and venue hire from Nor¢4ich City Council. This is wholly depBndent on the charitable thitse5 being rna1n1ain. unlrIed lunds 3022 Totsl funLIs 202 DonatW5 48,025 48,025 Incom• from ¢harltablo a¢dvlti•s Unre8trict&d fund$ 2023 Total funds 2023 Education COue8 and admission fees 540 540 R8nt of cinema 29.973 29.973 30,513 Unr88tricted fvnds 22 rotsi funLIs 202 Education Urse9 and admiss¥)n fees 1.240 1.240 Rant of cinèma 23,862 23,862 25. 102 25.702 Page 15
THE SIR JOHN HURTFILM TRUST LIMITED IA company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATE14ENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Analysis ol expenditure by activilies ACtitIeS undèrtakèn directly Support costs 2023 2023 Totsl funds 2023 rect Costs- education 6.755 6.755 08pr8Ci4tion Supwrt costs- educaton and govemance 9,278 9.278 51,974 51,974 16.033 68.007 undertaken flirllY SupwrtGosts 2Q22 2Q22 Tol31 funLIs 202 Direct wsts- educab'on 1, 142 9,278 1, 142 9,278 Depreci8tion Supwrt costs- edu¢atk)n and govemance 51. 189 51,189 If).420 51, 18g 61,609 Page 16
THE SIR JOHN HURTFILM TRUST LIMITED IA company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATE14ENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Analy813 of expand51 by actI¥lti l¢ontlnu8dl Analysis of dlrèct costs Norfolk Art At The Plctures 2023 Total funds 2023 Educallon 2023 Ogpretiatitsn Cinema u$ direct rx)sts Printing, statk)nary and posta Consu118ncy Oveiheads 9.278 9.278 4,4 4,485 1.657 1.657 127 127 6.755 9.276 16,033 Norfolk Art, At The Pictures 2022 Total lunds 2Q22 Education 2022 Depreoation Cinerna pqus direcl costs Printiw. 5tatMary & p051ag8 Press adven9 and other Consultancy Overheads 9.278 9,278 (2,8041 334 (2,804) 7.365 1.365 2. 141 2.141 106 106 7,142 9,278 10,420 Page 17
THE SIR JOHN HURTFILM TRUST LIMITED IA company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATE14ENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Analy813 of expand51 by actI¥lti l¢ontlnu8dl Analy$i$ of $upport costs Edu¢atlon and go¥ernanc8 Total funds 2023 2023 In kind rent and venue hire 48.(K)O 48.000 829 Insurances 829 Gc>vemance cc6ts 3.145 3,145 51,974 51.974 EdtIOn and venTance Total lunds 2022 2022 In kind rent and venue hire 48.0( 727 48,000 727 Insurances Governaiice (£615 2,462 Z,462 57, 189 51, 189 Independent exarninerfs remuneratlon 2023 2022 Fee5 payable io the charity's indeperKlent examiner for Ihe indnden1 examInatM ol the tharitys annual accoun 2,270 Tru$tee$' Mneralin ond expenses During the year, no Trusleès received any remuneration orother bÈThefits (2D22- £NILI. Ouring the ye8rend8d 30 September 2023. no Tw51ee expwbS8S have been Irrred (2022- £NIL). Page 18
THE SIR JOHN HURTFILM TRUST LIMITED IA company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATE14ENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 TangSblt as80ts Computer& offic• Fl¥tyTrs afKI ffittings L•as•hgld imprDvement5 equipment Total Cost or valualon At 1 October 2022 411.071 100.$41 371.116 882.728 At 20 Septwnber 2023 411.(171 100.$41 371,116 882.728 Deprnciation At 1 Ortobei 2022 411.on 11x1.541 58,081 9,278 569,693 9,278 Charge for the year At 30 S8pt8mber 2023 411.071 100.541 67.359 578.971 Net book Value At 30 September 2023 303,757 303,757 At 30 September2L722 313.035 313.035 The charity has a leasehokJ inlerest over the bnd on whth the devebpm8nl stsnds under a 125 y&ar lease. Legal (arges over Ihe kasehold property are hehj by tr Twstees of the Naal Heritage Memrial Fu1 and the Ms Council of Eng13nd. Debtors 2023 2022 Duè within ono yoar Other deLitors 6,361 9, 762 Page 19
THE SIR JOHN HURTFILM TRUST LIMITED IA company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATE14ENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Cr•dlttys: Amounts lalllng y1h1n oMy•ar 2Q23 22 Aixru8ls and d8f8rr8d incr9 2.4)Q 7,011 10. Statement of funds Statement of funds. ¢urrtnl year Balance at 30 Septemr 2023 Balance at 1 October 2022 kncome Expenditure Unr•striet•d funds GeTre fvnds 78,583 158,2891 69,258 Restri¢ted funds Capital d8velotfflent fu1 NNDC. K4oving mernce5 313.035 19,2781 14401 303,757 311475 19,7181 303,757 Total offunds 361439 78.S83 168,Cfj71 373,015 Page 20
THE SIR JOHN HURTFILM TRUST LIMITED IA company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATE14ENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 10. Stat•m8nt of funds I¢o•btlnuedl stst4mÈnt of funds. prlor ar 8&18nc8 8t 30 September 22 l Odtts 2021 IncotTre Expenditure TrnndeF¥ in/out Unrestricted funds GenetJ fvnds lo.3 71127 151.796) 17.030 48.964 Re$¢ri¢ted fvnds Capital d8v81opm8llt fu1 Awards for AJI- Postiv& Cinem8 Projeei NNDC- Moving Mem(fftes 335.431 (9.2781 (13, 118) 313,035 3,942 (3,912) 1.575 (1,7351 440 340.918 110.4131 117.030) 373.415 T81 of funils 350.921 T3. 127 161.6091 362,439 11. Sumwryary of lunds Summary offund$- Current year Balance at 30 September 2023 Balance at 1 Octobor 2022 kncome Expandlturo General funds 78,583 158,2891 19.7181 69,258 Restricted funds 311475 303,757 361439 78.583 168.W71 373.015 Page 21
THE SIR JOHN HURTFILM TRUST LIMITED IA company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATE14ENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 11. Summary oflunda Iconllnu8d} Summary of fund$- prloryear Bal8pce 8E 30 S8pt&mb8r 3022 i 2021 ExpendilÉKe TTrnsferts in/out Genera funds 10.003 340.918 71127 151.796} 110,4131 17.030 117,030) 48,964 313,475 R8stricted fund 350.921 73, 127 161.6091 362,439 11 Analysls C*f n•t a$s•ts fwds Anatysls of not assets between fund5. current year Restrlcted UnrestrKted funds funds 2023 2023 Total funds 2023 Tangible fixed assets Current assets 303.757 303,757 71,658 {2.4001 71.658 Creditors due wthin one year 12,4001 Total 303.757 69.258 373,015 Analysls ol n•t assèts botwt•n lunds- witir yèar Reslricted funds 2(122 Unrestiicted funds 2Q22 Totsl funrls Tangible fixed assets Curr8nt as5et5 313.035 J13,035 56.415 56.475 Crèditors due within year (7,451) 17,07 1) Total 313,475 48,964 62,43 Page 22
THE SIR JOHN HURTFILM TRUST LIMITED IA company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATE14ENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 13. Relateil party transactlons The charity has ent8r8d into any r81ated party trdnS3Ction during the y88r. n(x are th8re any outsianding balanc8s owing Dei4Yeen relaied partes and the charity ai 30 Sepienkner 2023. Page 23