2020-03-31-accounts

Trustees	LArmstrong(resigned3151October2020)
	S Kyffin(resigned31'"October2020)
	NShottel(resigned9""December2020)
	CBinns
	EMcIntyre(resigned13 July2020)
	MSuch
	RCarmichael
	SBratch
	JWade
	JShepstone(appointed 20'"January2021)
Charitynumber	502592
Companynumber	01113101
Registered office	NeweHouse
	10PilgrimStreet
	NewcastleuponTyne
	NE160G
Auditor	RSMUK AuditLLP
	CharteredAccountants
	1S1.James'Gate
	NewcastleuponTyne
	NE14AD
Bankers	HSBCBankpIc
	110GreyStreet
	NewcastleuponTyne
	NE16JG
Solicitors	MuckleLLP
	TimeCentral
	32Gallowgate
	NewcastleuponTyne
	NE14BF
Keymanagementpersonnel
Chiefexecutiveofficer	HKeeble(resigned_24tr_September 2020)
	SDrysdale(appointed18November2020)
Headof financeandadministration	NMorgan(appointed12October2020)

,.	518 films screenedfrom38countries.of which436 werenon-mainstreamand134wereBritish
	independents.
;..	Hosteda film programme in whichmore than a quarter offilms screenedhave no UKdistributionand
	wouldnotolherwisehave beenseen.
,.	Presented aprogrammeoffilms thatis50%uniqueintheregion.
:;...	Hosted59screenings withexpertintroductions,filmmakerQ&As,paneldiscussionsandlive elements.
:;...	Focused on work byBAME,LGBTQI+andwomenfilmmakers.
,.	**Deliveredcommunityandsociallyconscious screeningsincluding our regular Frontline strand, including **
	evenlsfocusedongrief,depression,suicideand educationaldevelopment.
:;...	PresentedourSilverScreenprogrammefortheover60slo over1,700people,DementiaFriendlyCinema
	for 250people,andAutismFriendlyscreenings for350people.

		Unrestricted	Restricted	Total	Total
		funds	funds	2020	2019
	Notes	£	£	£	£
Incomefrom:
Donationsandlegacies	3	314,926	558,058	872,984	551,163
Charitableactivities	4	2,046,721		2,046,721	2,237,125
Othertradingactivities	5	1,996,932		1,996,932	1,973,124
Investments	6	83		83	226
Total incarne		4,358,662	558,058	4,916,720	4,761,638
Expenditureon:
Raisingfunds	7	1,685,318		1,685,318	1,699,207
Charitableactivities	8	2,658,775	963,675	3,622,450	3,429,260
Totalcharitableexpenditure		4,344,093	963,675	5,307,768	5,128,467
Taxation	10	2,561		2,561	62
Totalresourcesexpended		4,346,654	963,675	5,310,329	5,128,529
Net(OutgoingVlncoming
resourcesbeforetransfers		12,008	(405,617)	(393,609)	(366,891)
Transferbetweenfunds		17,046	(17,046)
Netmovementinfunds		29,054	(422,663)	(393,609)	(366,891)
Totalfundsbroughtforward		(55,087)	3,375,762	3,320,675	3,687,566
Totalfunds carried forward		(26,033)	2,953,099	2,927,066	3,320,675

			2020		2019
	Notes	£	£	£		£
Fixed assets
Intangibleassets	13		43,090			17,860
Tangibleassets	14		3,866,264			4,367,499
Investments	15		10,000			10,000
			3,919,354			4,395,359
Currentassets
Stocks	16	14,234		29,046
Debtors	17	136,678		232,811
Cashatbankandinhand		273,200		329,762
		424,112		591,619
Creditors:amountsfalling duewithin	18
one year		(930,900)		(1,116,497)
Netcurrentliabilities			(506,788)			(524,878)
Totalassetslesscurrentliabilities			3,412,566			3,870,481
Creditors:amountsfalling dueafter	19
morethan oneyear			(485,276)			(548,572)
Provisionsfor liabilities			(224)			(1,234)
Net assets			2,927,066			3,320,675
Incomefunds
Restrictedfunds	24		2,953,099			3,375,762
Unrestrictedfunds			(26,033)			(55,087)
			2,927,066			3,320,675

			2020		2019
	Notes	£	£	£		£
Fixed assets
Intangible assets	13		43,090			17,860
Tangibleassets	14		3,837,696			4,336,262
Investments	15		10,001			10,001
			3,890,787			4,364,123
Currentassets
Stocks	16	4,676		6,152
Debtors	17	87,202		217,129
Cashatbankandin hand		194,409		215,834
		286,287		439,115
Creditors:amountsfalling duewithin	18
one year		(772,780)		(1,002,489)
Netcurrentliabilities			(486,493)			(563,374)
Totalassetsless currentliabilities			3,404,294			3,800,749
Creditors:amountsfalling dueafter	19
morethanone year			(485,276)			(548,572)
Netassets			2,919,018			3,252,177
Incomefunds
Restrictedfunds	24		2,953,099			3,375,762
Unrestrictedfunds			(34,081)			(123,585)
			2,919,018			3,252,177

			2020			2019
	Notes	£		£	£		£
Cashflowsfrom operatingactivities
Cashgenerated from operations	26			139,504			201,943
Investingactivities
Purchase ofintangibleassets		(34,260)			(21,750)
Purchase oftangiblefixedassets		(16,329)			(63,224)
Interestreceived		83			226
Netcashused ininvestingactivities				(50,506)			(84,748)
Financingactivities
Repayment ofbankloans		(145,560)			(107,713)
Netcash(usedin)/generated from
financingactivities				(145,560)			(107,713)
Netincrease/(decrease) incashandcash
equivalents				(56,562)			9,482
Cash andcashequivalentsat beginningofyear				329,762			320,280
Cashandcashequivalentsatendofyear				273,200			329,762

Leaseholdlandandbuildings	Overtheterm ofthelease(up toamaximum of20 years)
Cinematechnicalequipment	10-33%straightline
Fixturesandfittings	20 -33%straightline

	Unrestricted	Restricted	Total	Total
	funds	funds	2020	2019
	£	£	£	£
Generaldonations	98,949		98,949	42,421
Grantsreceived	215,977	558,058	774,035	508,742
	314,926	558,058	872,984	551,163
Fortheyear ended31March2019	168,582	382,581		551,163

4	Charitableactivities
		2020	2019
		Unrestricted	Unrestricted
		£	£
	Cinema activities	1,248,537	1,283,941
	Foodanddrinksales	175,798	273,470
	Facilitieshire	347,590	408,561
	Rentalincome		1,222
	Advertising	69,022	67,062
	Memberships	155,005	147,701
	Commission	40,690	36,568
	Other	10,079	18,600
		2,046,721	2,237,125
5	Othertradingactivities
		2020	2019
		Unrestricted	Unrestricted
		£	£
	Sponsorship	15,781	12,000
	Foodand drinksales	1,981,151	1,961,124
	Othertrading activities	1,996,932	1,973,124
6	Investments
		2020	2019
		Unrestricted	Unrestricted
		£	£
	Bankdepositinvestmentincome	83	226
7	Raisingfunds
		2020	2019
		Unrestricted	Unrestricted
		£	£
	Otherfundraisingcosts	885,279	840,012
	Staffcosts	787,642	824,084
	Depreciation	12,397	13,361
	Amortisation		4,350
	Impairment		17,400
		1,685,318	1,699,207

	2020	2019
	£	£
Staff costs	1,429,889	1,502,315
Premises costs	39,304	23,957
Other costs	823,538	768,436
	2,292,731	2,294,708
Share ofsupport costs(seenote9)	1,281,630	1,091,729
Shareofgovernance costs(see note9)	48,089	42,823
	3,622,450	3,429,260
Analysis byfund
Unrestricted funds	2,658,775	2,650,833
Restrictedfunds	963,675	778,427
	3,622,450	3,429,260

Support costs
	Supportcosts	Governance	2020	2019	Basisof
		costs			allocation
	£	£	£	£
Depreciationand
amortisation	514,197		514,197	515,048	Staff time
Operatinglease charges	123,118		123,118	119,325	Stafftime
Premises costs	431,970		431,970	263,237	Staff time
Other costs	212,345		212,345	194,119	Stafftime
Auditfees		14,250	14,250	9,550	Governance
Accountancy		950	950	2,200	Governance
Governancecosts		32,889	32,889	31,073	Governance
	1,281,630	48,089	1,329,719	1,134,552
Analysedbetween
Charitableactivities	1,281,630	48,089	1,329,719	1,134,552

	2020	2019
	£	£
Corporation Tax	3,571
Deferred tax	(1,010)	62
	2,561	62

	2020	2019
	Number	Number
Charitableactivitiesandraisingfunds	129	133
Managementandadministration	6	6
	135	139

	2020	2019
	Number	Number
Charitableactivitiesandraisingfunds	76	75
Managementandadministration	6	6
	82	81
Employment costs	2020	2019
	£	£
Wagesandsalaries	2,034,019	2,058,034
Socialsecuritycosts	147,254	147,409
Otherpensioncosts	36,258	22,868
	2,217,531	2,228,311
Staffrestructuringcosts		1,874
Staffdevelopmentandotherstaffcosts	51,262	52,064
	2,268,793	2,282,249

	2020	2019
	£	£
Inrespectof:
Goodwill		17,400

13	Intangiblefixedassets
	Group	Goodwill	Websitecosts	Total
		£	£	£
	Cost
	At1April2019	21,750	29,085	50,835
	Additions		34,260	34,260
	At31March 2020	21,750	63,345	85,095
	Amortisation andimpairment
	At1April2019	21,750	11,225	32,975
	Amortisationcharged forthe year		9,030	9,030
	At31March2020	21,750	20,255	42,005
	Carryingamount
	At31March2020		43,090	43,090
	At31March2019		17,860	17,860
	Charity		Website	Total
			£	£
	Cost
	At1April2019		29,085	29,085
	Additions		34,260	34,260
	At31March2020		63,345	63,345
	Amortisationandimpairment
	At1April2019		11,225	11,225
	Amortisationcharged fortheyear		9,030	9,030
	At31March2020		20,255	20,255
	Carryingamount
	At31March 2020		43,090	43,090
	At31March 2019		17,860	17,860

14	Tangiblefixed assets
	Group	Leasehold	Cinema	Fixturesand	Total
		landand	technical	fittings
		buildings	equipment
		£	£	£	£
	Cost
	At1April2019	8,063,786	1,410,829	232,661	9,707,276
	Additions		11,844	4,485	16,329
	At31March2020	8,063,786	1,422,673	237,146	9,723,605
	Depreciationandimpairment
	At1April2019	4,161,097	962,416	216,264	5,339,777
	Depreciationchargedintheyear	437,759	66,008	13,797	517,564
	At31March2020	4,598,856	1,028,424	230,061	5,857,341
	Carryingamount
	At31March2020	3,464,930	394,249	7,085	3,866,264
	At31March 2019	3,902,689	448,413	16,397	4,367,499
	Charity	Leasehold	Cinema	Fixturesand	Total
		landand	technical	fittings
		buildings	equipment
		£	£	£	£
	Cost
	At1April2019	8,063,786	1,369,444	223,661	9,656,891
	Additions		6,601		6,601
	At31March2020	8,063,786	1,376,045	223,661	9,663,492
	Depreciationandimpairment
	At1April2019	4,161,097	943,268	216,264	5,320,629
	Depreciationchargedintheyear	437,953	59,817	7,397	505,167
	At 31March 2020	4,599,050	1,003,085	223,661	5,825,796
	Carryingamount
	At31March 2020	3,464,736	372,960		3,837,696
	At31March2019	3,902,689	426,176	7,397	4,336,262

Group	Artexhibition
	£
Costorvaluation
At1April2019&31March2020	10,000
Carryingamount
At31March 2020	10,000
At31March2019	10,000

	2020	2019
SummaryStatementofComprehensive	£	£
Income
Turnover	1,992,974	2,001,152
Expenses	(1,976,145)	(1,937,754)
Profit beforetax	16,829	63,398
Taxation	(2,561)	(3,669)
Net profit	14,268	59,729
	2020	2019
Theassetsandliabilitiesofthesubsidiarywere:	£	£
Fixed assets	28,568	31,237
Current assets	191,934	246,132
Creditors:amounts falling duewithinone year	(212,230)	(207,637)
Deferredtax	(3,893)	(4,903)
Totalnet assets	4,379	64,829
Aggregatedsharecapitaland reserves	4,379	64,829

16	Stocks		Group		Charity
			2020	2019	2020	2019
			£	£	£	£
	Finished goodsandgoodsforresale		14,234	29,046	4,676	6,152
			14,234	29,046	4,676	6,152
17	Debtors		Group		Charity
			2020	2019	2020	2019
	Amountsfallingduewithinoneyear:		£	£	£	£
	Tradedebtors		54,129	61,000	30,225	60,790
	Otherdebtors			12,908		12,908
	Prepaymentsandaccruedincome		82,549	158,903	56,977	143,431
			136,678	232,811	87,202	217,129
18	Creditors:amountsfallingduewithinoneyear
			Group		Charity
			2020	2019	2020	2019
		Notes	£	£	£	£
	Bankloans	20	61,687	122,089	61,687	122,089
	Trade creditors		216,451	371,935	190,307	325,999
	Amountsduetofellowgroup
	undertakings				54,109	93,628
	Othertaxation andsocial
	security		164,002	216,409	74,616	113,433
	Corporationtaxpayable		3,571
	Othercreditors		36,303	46,618	36,303	46,619
	Accruals		214,637	225,912	167,914	167,187
	Deferredincome	21	234,249	133,534	187,844	133,534
			930,900	1,116,497	772,780	1,002,489
19	Creditors:amountsfalling dueaftermorethan oneyear
					2020	2019
	Groupand charity			Notes	£	£
	Bankloans			20	485,276	548,572

20	Borrowings
		2020	2019
	Groupand charity	£	£
	Bankloans	546,963	670,661
	Payablewithinoneyear	61,687	122,089
	Payable afterone year	485,276	548,572
	Amountsincludedabovewhichfalldueafterfiveyears:
	Payablebyinstalments	162,115	199,050

		2020	2019
	Groupand charity	£	£
	Balance as at1April	133,534	111,641
	Released from previous years	(133,534)	(111,641)
	Resources deferredintheyear	234,249	133,534
	Balance carriedforwardat31March	234,249	133,534
22	Provisionsforliabilities	2020	2019
		£	£
	Deferredtaxliabilities	224	1,234
		224	1,234
23	Financialinstruments	2020	2019
		£	£
	Carryingamountoffinancialassets
	Debtinstrumentsmeasuredat amortisedcost	54,545	143,464
	Carrying amountoffinancialliabilities
	Measuredatamortised cost	1,014,355	1,315,126

		Movementinfunds	Movementinfunds
Group	Balanceat1	Incoming	Resources	Transfers	Balance at31
	April2019	resources	expended		March 2020
	£	£	£	E	E
Unrestrictedfunds
Generalfunds	(55,087)	4,358,662	(4,346,654)	17,046	(26,033)
	(55,087)	4,358,662	(4,346,654)	17,046	(26,033)
Restrictedfunds
Capitaldevelopment	3,358,716		(405,617)		2,953,099
ArtsCouncil	17,046	124,271	(124,271)	(17,046)
Projectgrants		433,787	(433,787)
	3,375,762	558,058	(963,675)	(17,046)	2,953,099
Totalfunds	3,320,675	4,916,720	(5,310,329)		2,927,066

		Movementinfunds	Movementinfunds
Charity	Balance at1	Incoming	Resources	Transfers	Balance at31
	April2019	resources	expended		March 2020
	E	E	E	E	E
Unrestrictedfunds
Generalfunds	(123,585)	2,721,954	(2,649,496)	17,046	(34,081)
	(123,585)	2,721,954	(2,649,496)	17,046	(34,081)
Restricted funds
Capitaldevelopment	3,358,716		(405,617)		2,953,099
ArtsCouncil	17,046	124,271	(124,271)	(17,046)
Projectgrants		433,787	(433,787)
	3,375,762	558,058	(963,675)	(17,046)	2,953,099
Totalfunds	3,252,177	3,280,012	(3,613,171)		2,919,018

Fortheyearended31March2019:
			Movementinfunds
Group	Balanceat	1	Incoming	Resources	Transfers	Balanceat31
	April2018		resources	expended		March2019
		£	£	£	£	£
Unrestrictedfunds
Generalfunds	(84,042)		4,379,057	(4,350,102)		(55,087)
	(84,042)		4,379,057	(4,350,102)		(55,087)
Restrictedfunds
Capitaldevelopment	3,771,608			(412,892)		3,358,716
ArtsCouncil			141.321	(124,275)		17,046
Projectgrants			241,260	(241,260)
	3,771,608		382,581	(778,427)		3,375,762
Totalfunds	3,687,566		4,761,638	(5,128,529)		3,320,675
Fortheyearended31March2019:
			Movement infunds
Charity	Balanceat	1	Incoming	Resources	Transfers	Balanceat31
	April2018		resources	expended		March 2019
		£	£	£	£	£
Unrestrictedfunds
Generalfunds	(245,421)		2,784,174	(2,662,338)		(123,585)
	(245,421)		2,784,174	(2,662,338)		(123,585)
Restrictedfunds
Capitaldevelopment	3,771,608			(412,892)		3,358,716
ArtsCouncil			141,321	(124,275)		17,046
Project grants			241,260	(241,260)
	3,771,608		382,581	(778,427)		3,375,762
Totalfunds	3,526,187		3,166,755	(3,440,765)		3,252,177

Analysisofnet assetsbetweenfunds
	Unrestricted	Restricted	Total
		General
	£	£	£
Fundbalancesat31March 2020 arerepresentedby:
Intangiblefixedassets	43,090		43,090
Tangibleassets	913,165	2,953,099	3,866,264
Investments	10,000		10,000
Currentassets/(liabilities)	(506,788)		(503,218)
Longtermliabilities	(485,276)		(485,276)
Provisions	(224)		(1,234)
	(26,033)	2,953,099	2,927,066
	Unrestricted	Restricted	Total
		General
	£	£	£
Fundbalancesat31March 2019 arerepresentedby:
Intangible fixedassets	17,860		17,860
Tangibleassets	991,737	3,375,762	4,367,499
Investments	10,000		10,000
Currentassets/(liabiIRies)	(524,878)		(524,878)
LongtermliabilRies	(548,572)		(548,572)
Provisions	(1,234)		(1,234)
	(55,087)	3,375,762	3,320,675

26	Cashgeneratedfromoperations	2020	2019
		£	£
	Deficit fortheyear	(393,609)	(366,891)
	Adjustmentsfor:
	Investmentincomerecognisedinstatement of financialactivities	(83)	(226)
	Taxation	2,561	62
	Amortisation ofintangiblefixedassets	9,030	10,845
	Impairmentlosses		17,400
	Depreciationoftangiblefixedassets	517,564	521,914
	Movementsinworking capital:
	DecreaseJ(increase)instocks	14,812	18,060
	Decrease/(increase)indebtors	96,132	163,034
	(Decrease)/increaseincreditors	(207,617)	(184,148)
	IncreaseJ(decrease)indeferredincome	100,715	21,893
	Cash generatedfromoperations	139,504	201,943

	2020	2019
	£	£
Wrthinone year	121,788	138,873
Betweentwoandfiveyears	217,074	357,191
Inoverfiveyears	937
	339,799	496,064