The Cinema Museum
Report and Financial Statements For the year ended 31 December 2022
Company no: 1865840 Registered Charity no: 293285
The Cinema Museum
Report of the Council of Management
For the year ended 31 December 2022
The Council of Management presents the annual report and financial statements of the charity for the year ended 31 December 2022. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s trust deed, the Companies Act 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland.
Objectives and activities
The object for which the charity was established, as recorded in the Memorandum of Association is to promote, maintain, improve and advance education of the public in performing arts.
The Council give due consideration to the Charity Commission guidance on public benefit when deciding on how the charity should meet its objectives.
The principal activities in the year were
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maintaining the collection, improving documentation and storage of the museum collection.
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educational exhibitions and events
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guided tours
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reviewing the future options for the Museum in light of the proposed development of the Dugard Way site
Achievements for the year
The museum gave 62 tours for a total of 1,033 people. 118 events were held for a total audience of 6,696. Total visitor numbers were 9,744
Events: Cinema Europe 10 screenings; Exploding Cinema 4 screenings; Gothique Film Society 10 screenings; French Sundaes 4 screenings; Kennington Bioscope 12 screenings plus a weekend of screenings; Kennington Noir 8 screenings; Last Frame Film Club Horror double bill; LGBTQI & The BBC 4 screenings; Musical Sundays 1 screening; Network Distribution 2 screenings; Planet of the Apes anniversary screening; Remakesploitation weekend of screenings; Robert Ross Carry On day x 2; Sapphos Cinema 5 screenings; Screenplay By… 3 screenings; Vito Project 7 screenings; Women & Cocaine 11 screenings; Wonder Reels 4 screenings; 80[th] anniversary screening of Casablanca; The Real Charlie Chaplin + Q&A; Thark + Q&A with author Mark Newell; Palace – about the Elephant & Castle bingo; Writers Guild of Great Britain benefit for Ukraine – screening of Paddington.
Hosted: Appointment With Venus screening & book launch; Bearded and Flushed: poetry, music & film; Benefit screening for 1[st] New Cross Scouts; The Buster Keaton Society 4 times; Kennington/Bethlehem Link screening; The Laurel & Hardy Society 4 times; LEAFF [London East Asian Film Festival] 2 screenings; Mayor of Southwark’s Fundraiser for SDCAS [Southwark Day Centre for Asylum Seekers]; Misty Moon The Bill Reunion #6; Misty Moon The Bill Reunion #7; Misty Moon Film Festival; Misty Moon: An Evening with Robin Askwith; Misty Moon The Sweeney Reunion #3; Gay Pride at 50 launch event; Stop the Blocks Public Meeting; Told by an Idiot screening of 7 Deadly Idiots.
Groups Tours: The Arts Society; Bishop Challoner School; Bookham U3A; CAPA students; CultureSeekers x 2; East Norfolk 6[th] Form College; Film Archives UK; Glenn Morfill HF Club; Hackney School; Heritage Open Days 18 tours between 9/9 & 18/9; Knole [Sevenoaks] U3A; Lambeth Tour Guides Association; LCC [London College of Communications]; LSBU [London South Bank University] Fashion students x 2; NYU [New York University]; Ramblers Club; University of Notre Dame.
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The Cinema Museum
Report of the Council of Management (continued) For the year ended 31 December 2022
Achievements for the year (continued)
Educational sessions : Fordham University x2
Interviews: Lauren Lavern BBC Radio 6; BBC Radio London; Voices Radio: I was Just Wondering with Tom Salmon.
Attended: BOST [Bankside Open Spaces open day]; Earl’s Court Film Festival; LLHF [Lambeth Local History Forum] x 4; LLHF fair in Waterloo; Mike Collins Memorial Service; North Lambeth Parish Fete.
Loans: Picturehouse Finsbury Park: Le Mepris poster for The Members Bar; Uniforms and photographs to the Wonderland Exhibition in Birmingham.
Film Location for: BBC; BBC Eddie Know; BBC Talking Movies; C4; Carmen Chaplin filming Michael Chaplin; Fine Stripe; LCC students; LCC Students making a trailer for the Thunderbirds project; Oxford Films; Francesco Zavaretti photography project.
Hire of Facilities: Arts Educational screening; BFI Film Academy [10 days]; Screening; Clapham Film Unit screening The Right to Roam; Elevated Minds & The Met Police; Kai Fain screening; LCC end of term party; LCC July awards ceremony; LCC BA Film & TV end of term party; Mela screening of her film ‘Home’; Dan Siddell screening; Wedderburn Transport Xmas party; various birthday parties and memorials.
Visitors of Note: Marina Ahmad from GLA, who has agreed to be an ambassador for the museum; Jenny King, who is writing a book about her father who ran the Shipman & King Cinema circuit
Other: We carried out 11 consultation sessions with local residents about the future plans for the museum; we gave 4 rewards and held 2 thank you parties for 165 people for donors to our 2021 Crowdfunder appeal.
Financial Review
The results for the year are set out on page 5.
The trustees’ policy is to maintain a minimum amount as free reserves, being unrestricted funds held as current assets, to meet working capital requirements. This is set at between 6-9 months of running costs which amounts to approximately £71,000 - £107,000.
At 31 December 2022, the charity held free reserves of £134,211 (2021: £129,989) in unrestricted funds.
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The Cinema Museum
Report of the Council of Management (continued)
For the year ended 31 December 2022
Structure Governance and Management
The Cinema Museum is a company limited by guarantee, without a share capital incorporated on 22 November 1984 and was registered as a charity by the Charity Commission (England and Wales) on 7 January 1986.
The charity has no paid staff and is managed and run by the trustees. New trustees are appointed by existing trustees.
All directors are trustees and members of the charitable company and guarantee to contribute up to £1 to the assets of the charitable company in the event of it being wound up. The number of such guarantees at 31 December 2022 was 9 (2021- 9)
The directors have no beneficial interest in the company and do not receive any remuneration.
Reference and Administrative Details of the Charity, its Trustees and Advisers
The Cinema Museum is a registered in England and Wales as a charity (no: 293285) and a company (no: 1865840)
The registered office and principal operating address is:
The Master’s House The Old Lambeth Workhouse 2 Dugard Way London SE11 4TH
The Directors of the company, who are also the Trustees of the charity, that served throughout the period and continue in office are as follows:
Tony Fletcher Ronald Grant Martin Humphries Jon Davies Mary Waldy Tim Wood The following resigned with effect from 20 July 2022:
Malcolm Billingsley
David Eve
Nicholas Hiley
The principal advisers to the charity were
Bankers
HSBC Bank Triodos Bank London Bridge Brunel House 28 Borough High Street 11 The Promenade London SE1 1YB Bristol BS8 3NN
Solicitors
Independent Examiner
Lester Aldridge LLP 70 Chancery Lane London WC2A 1AF
Nicola Anderson FCA FCIE 189 Baldwins Lane Croxley Green Herts WD3 3LL
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The Cinema Museum Report of the Council of Management (continued) For the year ended 31 December 2022
Directors’ Responsibilities
Company law requires the directors to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company at the year-end and of the net incoming resources of the charitable company for the year then ending. In preparing these financial statements, the directors are required to
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Select suitable accounting policies
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Make judgements and estimates that are reasonable and prudent
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Prepare financial statements on a going concern basis unless it is inappropriate to assume that the company will continue on that basis
The Directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable it to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report and the financial statements have been prepared in accordance with
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The special provisions of part 15 of the Companies Act 2006 relating to small entities
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The provisions of the Charities Act that determine the form and content of Charity Annual Reports
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Statement of Recommended Practice: Accounting and Reporting by Charities.
Exemption from audit
The directors have taken advantage of section 477(2) of the Companies Act 2006 which exempts the company from the requirement to have the accounts audited.
Approved by the Board on:
Signed on behalf of the Board
Ronald Grant – Director
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The Cinema Museum
Statement of Financial Activities
(Incorporating an Income and Expenditure Account)
For the year ended 31 December 2022
| 2022 | 2021 | |||
|---|---|---|---|---|
| Restricted | Unrestricted | Total | Total | |
| £ | £ | £ | £ | |
| Income from: | ||||
| Donations: individuals | - | 7,831 | 7,831 | 14,268 |
| Donations: institutions | - | 84,000 | 84,000 | - |
| Grants: Local Government | - | 6,000 | 6,000 | 43,832 |
| Grants: Other | 400 | - | 400 | 11,600 |
| Events | - | 81,684 | 81,684 | 11,210 |
| Use of facilities | - | 14,479 | 14,479 | 2,480 |
| Sales | - | 30,121 | 30,121 | 31,138 |
| Other | - | 92 | 92 | 2,927 |
| Total Income | 400 | 224,207 | 224,607 | 117,455 |
| Expenditure on: | ||||
| Museum development and promotion | 17,500 | 49,120 | 66,620 | 41,867 |
| Cost of shipping sales | - | 3,072 | 3,072 | - |
| Events | - | 23,184 | 23,184 | 9,742 |
| Premises | - | 18,433 | 18,433 | 11,228 |
| Repairs and Maintenance | - | 17,123 | 17,123 | 36,860 |
| Travel and Motor Expenses | - | 5,000 | 5,000 | 5,558 |
| Office and general costs | - | 17,127 | 17,127 | 24,085 |
| Accountancy | - | 2,400 | 2,400 | 2,200 |
| Bank Charges | - | 2,026 | 2,026 | 1,521 |
| Depreciation | - | 4,251 | 4,251 | 4,252 |
| Total Expenditure | 17,500 | 141,736 | 159,236 | 135,792 |
| Net income/(expenditure) | (17,100) | 82,471 | 65,371 | (18,337) |
| Transfer between Funds | (1,500) | 1,500 | - | - |
| Net income/ (expenditure) after | ||||
| transfers | (18,600) | 83,971 | 65,371 | (18,337) |
| Reconciliation of funds | ||||
| Funds at 1 January 2022 | 18,600 | (119,692) | (101,092) | (82,755) |
| Funds at 31 December 2022 | - | (35,721) | (35,721) | (101,092) |
The notes on pages 7 to 10 form part of these financial statements.
All the company’s operations are classed as continuing. All the company’s recognised gains or losses are shown above. The movement on reserves is shown above.
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The Cinema Museum
Balance Sheet
Company number: 1865840
As at 31 December 2022
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Note | Restricted | Unrestricted | Total | Total | |
| £ | £ | £ | £ | ||
| Tangible Fixed Assets | 2 | - | 7,750 | 7,750 | 12,001 |
| Current Assets | |||||
| Debtors and Prepayments | - | 10,240 | 10,240 | 23,374 | |
| Bank and Cash in hand | - | 144,645 | 144,645 | 161,526 | |
| Total current assets | - | 154,885 | 154,885 | 184,900 | |
| Creditors: Amounts falling | |||||
| due within one year | 3a | - | (20,674) | (20,674) | (36,311) |
| Net Current Assets | - | 134,211 | 134,211 | 182,222 | |
| Creditors: Amounts falling | 3b | - | (177,682) | (177,682) | (261,682) |
| due within one year | |||||
| Net Assets/(Liabilities) | - | (54,721) | (35,721) | (101,092) | |
| Total Funds | - | (54,721) | (35,721) | (101,092) |
The notes on pages 7 to 10 form part of these financial statements
The opinion of the directors is that the company is entitled to the exemption conferred by section 477(2) of the Companies Act 2006 in respect of the year end 31 December 2022. No notice has been deposited under section 476(1) of the Companies Act 2006 in relation to the accounts for the above financial year.
The directors acknowledge their responsibility to keep accounting records which comply with section 386 of the Companies Act 2006 and prepare accounts that show a true and fair view of the company’s affairs at 31 December 2022 and the net income or expenditure for the year then ended
These accounts have been prepared in accordance with the provisions applicable to companies’ subject to the small companies’ regime.
Approved by the Board on:
Signed on behalf of the Board
Ronald Grant – Director
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The Cinema Museum
Notes to the Financial Statements
For the year ended 31 December 2022
1. Accounting Policies
Basis of preparation
The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Companies Act 2006.
The charity constitutes a public benefit entity as defined by FRS 102.
Going Concern
The company has sufficient net current assets to meet the day-to-day operations of the Company. The creditor due after one year relates to fees which will become payable in 5 annual instalments once the final planning decision relating to the proposed development of the Old Lambeth Workhouse site is determined. The timing of this is not certain but may be within one year of approving these accounts. The Council of Management are confident that they will be able to generate sufficient funds to meet this liability as it falls due. The Council of Management therefore considers that there are no material uncertainties about the charity’s ability to continue as a going concern.
Income
Income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Income relating to future periods is deferred.
Expenditure
Expenditure is recognised when a liability is incurred. Irrecoverable VAT is charged against the expenditure heading for which it was incurred.
Heritage assets
The Museum’s collection is considered by the Directors to be a Heritage Asset. Assets held at 1 January 2002 were not capitalised and the Directors consider the cost of carrying out a valuation to now include these in the accounts outweigh any benefit derived from the users of the accounts. Assets acquired after 1 January 2002 in excess of £500, in so far as they represent a cost to the Museum or can be valued, will be capitalised and amortised.
Tangible Fixed Assets
Equipment and motor vehicles over £1,000 are capitalised and depreciated over their expected useful life which is set at 4 years.
Fund structure
Restricted funds represent funds received whereby the application of those funds is restricted by the donor. Funds that may be applied at the discretion of the trustees within the charitable objects are unrestricted. Where trustees have set aside funds for specific purposes, these are identified as designated funds
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The Cinema Museum
Notes to the Financial Statements (continued)
For the year ended 31 December 2022
2. Tangible Fixed Assets
| Motor Van | Equipment | Total | ||
|---|---|---|---|---|
| £ | £ | £ | ||
| Cost | ||||
| As at 1 January 2022 | 15,500 | 1,507 | 17,007 | |
| Disposals | - | - | - | |
| Additions | - | - | - | |
| As at 31 December 2022 | 15,500 | 1,507 | 17,007 | |
| Depreciation | ||||
| As at 1 January 2022 | 3,875 | 1,131 | 5,006 | |
| Eliminated on Disposal | - | - | - | |
| Charge for year | 3,875 | 376 | 4,251 | |
| As at 31 December 2022 | 7,750 | 1,507 | 9,257 | |
| Net book value | ||||
| As at 1 January 2022 | 11,625 | 376 | 12,001 | |
| As at 31 December 2022 | 7,750 | - | 7,750 | |
| **3. ** | Creditors | |||
| 2022 | 2021 | |||
| £ | £ | |||
| (a) Amounts due within one year | ||||
| Creditors | 12,522 | 20,226 | ||
| Accruals and deferred income | 8,152 | 16,085 | ||
| 20,674 | 36,311 | |||
| (b) Amounts due after one year | ||||
| Other Creditors | 177,682 | 261,682 | ||
| 177,682 | 261,682 |
4. Heritage Assets
The Museum owns a collection of approximately 7,000 items including projection, sound and other technical equipment, books and magazines, feature and short films and other cinema paraphernalia such as posters, uniforms, furniture, and décor. The original value of the assets has not been included in the Balance Sheet as, in the opinion of the Directors; the cost of professionally valuing these assets outweighs the benefit to users of the accounts of including the value.
5. Taxation
All income is applied for charitable purposes and therefore any surplus is exempt from corporation tax.
6. Trustee remuneration and expenses
No trustee received any remuneration in the year (2021: nil). No trustees received any reimbursements (2021: nil).
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The Cinema Museum
Notes to the Financial Statements (continued)
For the year ended 31 December 2022
7. Related party transactions
The museum hosts the Ronald Grant Archive, the private collection of Ronald Grant, a trustee of the Museum. At 31 December 2022 the Archive owed the Museum £nil (2021: £nil). There were no donations to the charity from trustees in the year (2021: £1,100).
8. Movement on restricted funds
| At 1.1.22 | Income | Expenditure | Transfer | At 31.12.22 | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Strategic Planning | 13,500 | - | (13,500) | - | - |
| Publication | 1,500 | - | - | (1,500) | - |
| Website Development | 3,600 | 400 | (4,000) | - | - |
| 18,600 | 400 | (17,500) | (1,500) | - |
£1,500 was transferred to unrestricted funds as agreed by the donor.
9. Prior Year Statement of Financial Activities
| Restricted | Unrestricted | 2021 Total | |
|---|---|---|---|
| £ | £ | £ | |
| Income from: | |||
| Donations: individuals | 5,503 | 8,765 | 14,268 |
| Grants | 11,600 | 43,832 | 55,432 |
| Events | - | 11,210 | 11,210 |
| Use of facilities | - | 2,480 | 2,480 |
| Sales | - | 31,138 | 31,138 |
| Other | - | 2,927 | 2,927 |
| Total Income | 17,103 | 100,352 | 117,455 |
| Expenditure on: | |||
| Museum development and promotion | - | 41,867 | 41,867 |
| Events | - | 9,742 | 9,742 |
| Premises | - | 11,228 | 11,228 |
| Repairs and Maintenance | 8,000 | 28,860 | 36,860 |
| Travel and Motor Expenses | - | 5,558 | 5,558 |
| Office Costs | - | 22,564 | 22,564 |
| Accountancy | - | 2,200 | 2,200 |
| Bank Charges | - | 1,521 | 1,521 |
| Depreciation | - | 4,252 | 4,252 |
| Total Expenditure | 8,000 | 127,792 | 135,792 |
| Net (expenditure)/income | 9,103 | (27,440) | (18,337) |
| Transfer between Funds | (5,503) | 5,503 | - |
| Net (expenditure)/ income after transfers | 3,600 | (21,937) | (18,337) |
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The Cinema Museum
Notes to the Financial Statements (continued)
For the year ended 31 December 2022
10. Prior Year Balance Sheet
| Restricted | Unrestricted | 2021 Total | |
|---|---|---|---|
| £ | £ | £ | |
| Tangible Fixed Assets | - | 12,001 | 12,001 |
| Current Assets | |||
| Debtors and Prepayments | 7,248 | 16,126 | 23,374 |
| Bank and Cash in hand | 11,352 | 150,174 | 161,526 |
| Total current assets | 18,600 | 166,300 | 184,900 |
| Creditors: Amounts falling due within | |||
| one year | - | (36,311) | (36,311) |
| 18,600 | 129,989 | 148,589 | |
| Creditors: Amounts falling due within | - | (261,682) | (261,682) |
| one year | |||
| Net Assets/(Liabilities) | 18,600 | (119,692) | (101,092) |
| Total Funds | 18,600 | (119,692) | (101,092) |
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Independent Examiner’s Report To the Trustees of The Cinema Museum
I report to the charity trustees of The Cinema Museum on my examination on the accounts of the company (no. 865840) and charity (no: 293285) for the year ended 31 December 2022 as set out on pages 5 to 10.
Responsibilities and basis of report
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Nicola Anderson FCA FCIE
dated:
189 Baldwins Lane Croxley Green Rickmansworth Hertfordshire WD3 3LL
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