The Cinema Museum
Report and Financial Statements For the year ended 31 December 2023
Company no: 1865840 Registered Charity no: 293285
The Cinema Museum
Report of the Council of Management
For the year ended 31 December 2023
The Council of Management presents the annual report and financial statements of the charity for the year ended 31 December 2023. 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 98 tours for a total of 1,633 people. 114 events were held for a total audience of 6,348. Total visitor numbers were 7,881
Events: An Evening about T P McKenna; Badlands Collective screening of Park Row; The Bill Reunion #8 and # 9; Blinking Buzzards [The Buster Keaton Society]; Cinema Museum Bookstall; Carry On with Robert Ross; The Crooks Saxes – film + music; Elevated Minds Awards Ceremony; Exploding Cinema ; Home Movie Day [HMD]; Kennington Bioscope; Kennington Bioscope Silent film weekend; Kennington Noir; Laurel and Hardy Society; LGBT+ History Month – Behind the Lens; Lost Reels; Misty Moon Film Festival; Paul Gambaccini Desert Island Films; Rob Knox London Film Festival; South London Jazz Orchestra [SLJO]; Stephen Bourne on Lena Horne; The Sweeney Reunion #4 and # 5; Vito Project; over 40 individual screenings.
Visits and tours: Arts Society Limpsfield; Bell House Community Centre; City & Village Tours; Culture Seekers; Group Negret; LCC walking tour; Opening Doors [Southwark]; Richmond Film Society; Roots and Shoots; 8 U3A groups.
Educational sessions : Birkbeck Film society; Birkbeck MA Film Programming; College Maurice Ravel; Esher College; Florida State University; Fordham University; Goldsmiths MA course; Immerse Education; IWM staff; James Madison University; Kings College Mathematics School; LSBU; Southwark College; Stoney Down Park Primary School; Sutton School
Placement: Alec Botting
Attended: Lambeth Local History Fair; Lambeth Local History Forum x 4; North Lambeth Parish Fete; Durning Library to give a talk about Chaplin; Le Giornate del Cinema Muto; Rick Sennett’s talk about Warner Bros.
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The Cinema Museum
Report of the Council of Management (continued) For the year ended 31 December 2023
Achievements for the year (continued)
Film Location for: BBC; Bectu History Project; Caprisar; Double Yellow TV; Ehsan; LCC x 3; Owen Curfield.
Hire of Facilities: Angus Aagaard Youth Group; British Music Hall Society Conference; BECTU; Butch Stud Photography event x 2; Cea Capa; Cezary Film & TV; LCC Film Practice Awards Ceremony; Global Girls Media Film Festival; SLaM awayday; SDCAS; various photoshoots, book launches, birthday parties and memorials.
Donations from: The Alan Frank Collection; The Fred Goodland Collection; The Norman Warren Collection; The Maureen Maron book collection; Simon Zelinger – films.
Loans made: Birmingham Museums.
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 2023, the charity held cash reserves of £115,535 (2022: £134,211) in unrestricted funds.
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 2023 was 6 (2022- 9)
The directors have no beneficial interest in the company and do not receive any remuneration.
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The Cinema Museum
Report of the Council of Management (continued)
For the year ended 31 December 2023
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 Jon Davies
Ronald Grant Mary Waldy
Martin Humphries Tim Wood
The principal advisers to the charity were
Bankers
HSBC Bank London Bridge 28 Borough High Street London SE1 1YB
Triodos Bank Brunel House 11 The Promenade Bristol BS8 3NN
Solicitors
Independent Examiner
Lester Aldridge LLP 70 Chancery Lane London WC2A 1AF
Nicola Anderson 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 2023
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: 23 September 2024
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 2023
| 2023 | 2022 | |
|---|---|---|
| Total | Total | |
| £ | £ | |
| Income from: | ||
| Donations: individuals | 12,454 | 7,831 |
| Donations: institutions | 25,500 | 84,000 |
| Grants: Local Government | - | 6,000 |
| Grants: Other | - | 400 |
| Legacies | 5,000 | - |
| Events | 99,231 | 81,684 |
| Use of facilities | 24,547 | 14,479 |
| Sales | 20,360 | 30,121 |
| Other | 500 | 92 |
| Total Income | 187,592 | 224,607 |
| Expenditure on: | ||
| Museum development and promotion | 52,583 | 66,620 |
| Cost of shipping sales | 3,404 | 3,072 |
| Events | 26,660 | 23,184 |
| Premises | 40,211 | 18,433 |
| Repairs and Maintenance | 10,857 | 17,123 |
| Travel and Motor Expenses | 3,415 | 5,000 |
| Office and general costs | 14,362 | 17,127 |
| Accountancy | 2,500 | 2,400 |
| Bank Charges | 2,575 | 2,026 |
| Depreciation | 3,875 | 4,251 |
| Total Expenditure | 160,442 | 159,236 |
| Net income/(expenditure) | 27,150 | 65,371 |
| Reconciliation of funds | ||
| Funds at 1 January 2023 | (35,721) | (101,092) |
| Funds at 31 December 2023 | (8,571) | (35,721) |
All 2023 income and expenditure is unrestricted.
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 2023
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Note | Total | Total | |||
| £ | £ | ||||
| Tangible Fixed Assets | 2 | 3,875 | 7,750 | ||
| Current Assets | |||||
| Debtors and Prepayments | 8,104 | 10,240 | |||
| Bank and Cash in hand | 179,973 | 144,645 | |||
| 188,077 | 154,885 | ||||
| Creditors: Amounts falling | |||||
| due within one year | 3a | (72,842) | (20,674) | ||
| Net Current Assets | 115,235 | 134,211 | |||
| Creditors: Amounts falling | 3b | (127,681) | (177,682) | ||
| due within one year | |||||
| Net Assets/(Liabilities) | (8,571) | (35,721) | |||
| Total Funds | (8,571) | (35,721) |
All funds are unrestricted.
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 2023. 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 2023 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: 23 September 2024
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 2023
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 2023
2. Tangible Fixed Assets
| Motor Van | Equipment | Total | ||
|---|---|---|---|---|
| £ | £ | £ | ||
| Cost | ||||
| As at 1 January 2023 | 15,500 | 1,507 | 17,007 | |
| Disposals | - | - | - | |
| Additions | - | - | - | |
| As at 31 December 2023 | 15,500 | 1,507 | 17,007 | |
| Depreciation | ||||
| As at 1 January 2023 | 7,750 | 1,507 | 9,257 | |
| Eliminated on Disposal | - | - | - | |
| Charge for year | 3,875 | - | 3,875 | |
| As at 31 December 2023 | 11,625 | 1,507 | 13,132 | |
| Net book value | ||||
| As at 1 January 2023 | 7,750 | - | 7,750 | |
| As at 31 December 2023 | 3,875 | - | 3,875 | |
| **3. ** | Creditors | |||
| 2023 | 2022 | |||
| £ | £ | |||
| (a) Amounts due within one year | ||||
| Creditors | 64,727 | 12,522 | ||
| Accruals and deferred income | 8,115 | 8,152 | ||
| 72,842 | 20,674 | |||
| (b) Amounts due after one year | ||||
| Other Creditors | 127,681 | 177,682 | ||
| 127,681 | 177,682 |
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 (2022: nil). No trustees received any reimbursements (2022: nil).
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The Cinema Museum
Notes to the Financial Statements (continued)
For the year ended 31 December 2023
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 2023 the Archive owed the Museum £nil (2022: £nil). Donations made to the charity from trustees in the year £500 (2022: £nil).
8. Movement on restricted funds – prior year only
| 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) | - |
9. Prior Year Statement of Financial Activities
| Restricted | Unrestricted | 2022 Total | |
|---|---|---|---|
| £ | £ | £ | |
| Income from: | |||
| Donations: individuals | - | 7,831 | 7,831 |
| Donations: institutions | - | 84,000 | 84,000 |
| Grants: Local Government | - | 6,000 | 6,000 |
| Grants: Other | 400 | - | 400 |
| Events | - | 81,684 | 81,684 |
| Use of facilities | - | 14,479 | 14,479 |
| Sales | - | 30,121 | 30,121 |
| Other | - | 92 | 92 |
| Total Income | 400 | 224,207 | 224,607 |
| Expenditure on: | |||
| Museum development and promotion | 17,500 | 49,120 | 66,620 |
| Cost of shipping sales | - | 3,072 | 3,072 |
| Events | - | 23,184 | 23,184 |
| Premises | - | 18,433 | 18,433 |
| Repairs and Maintenance | - | 17,123 | 17,123 |
| Travel and Motor Expenses | - | 5,000 | 5,000 |
| Office and general costs | - | 17,127 | 17,127 |
| Accountancy | - | 2,400 | 2,400 |
| Bank Charges | - | 2,026 | 2,026 |
| Depreciation | - | 4,251 | 4,251 |
| Total Expenditure | 17,500 | 141,736 | 159,236 |
| Net income/(expenditure) | (17,100) | 82,471 | 65,371 |
| Transfer between funds | (1,500) | 1,500 | - |
| Net income/(expenditure) after transfers | (18,600) | 83,971 | 65,371 |
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The Cinema Museum
Notes to the Financial Statements (continued)
For the year ended 31 December 2023
10. Prior Year Balance Sheet
| Restricted | Unrestricted | 2022 Total | |
|---|---|---|---|
| £ | £ | £ | |
| Tangible Fixed Assets | - | 7,750 | 7,750 |
| Current Assets | |||
| Debtors and Prepayments | - | 10,240 | 10,240 |
| Bank and Cash in hand | - | 144,645 | 144,645 |
| Total current assets | - | 154,885 | 154,885 |
| Creditors: Amounts falling due within one | |||
| year | - | (20,674) | (20,674) |
| - | 134,211 | 134,211 | |
| Creditors: Amounts falling due within one | |||
| year | - | (177,682) | (177,682) |
| Net Assets/(Liabilities) | - | (54,721) | (35,721) |
| Total Funds | - | (54,721) | (35,721) |
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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 2023 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 FCIE
dated: 26 September 2024
189 Baldwins Lane Croxley Green Rickmansworth Hertfordshire WD3 3LL
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