## 



## 

## 

|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)|





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|,.|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.|



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## 

|||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|£|<br>£|£||£|
|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|£|<br>£|£||£|
|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|





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## 

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



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## 

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## 

## 

||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|
|||£|<br>£|
||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|
||£|<br>£|£|£||
|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|
|||£|<br>£|£|
||Cost||||
||At1April2019|21,750|29,085|50,835|
||Additions||34,260|34,260|
||At31March 2020|21,750|<br>63,345|85,095|
||Amortisation andimpairment||||
||At1April2019|21,750|<br>11,225|32,975|
||Amortisationcharged forthe year||9,030|9,030|
||At31March2020|21,750|<br>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|<br>fittings||
|||buildings|equipment|||
|||£|<br>£|<br>£|£|
||Cost|||||
||At1April2019|8,063,786|1,410,829|232,661|9,707,276|
||Additions||11,844|<br>4,485|16,329|
||At31March2020|8,063,786|1,422,673|<br>237,146|9,723,605|
||Depreciationandimpairment|||||
||At1April2019|4,161,097|962,416|<br>216,264|5,339,777|
||Depreciationchargedintheyear|437,759|66,008|<br>13,797|517,564|
||At31March2020|4,598,856|1,028,424|<br>230,061|5,857,341|
||Carryingamount|||||
||At31March2020|3,464,930|394,249|<br>7,085|3,866,264|
||At31March 2019|3,902,689|448,413|16,397|4,367,499|
||Charity|Leasehold|Cinema|Fixturesand|Total|
|||landand|technical|<br>fittings||
|||buildings|equipment|||
|||£|£|<br>£|£|
||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|<br>216,264|5,320,629|
||Depreciationchargedintheyear|437,953|59,817|<br>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|<br>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|<br>expended||March 2020|
||E|E|E|E|<br>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|
|||£|£|<br>£|£|<br>£|
|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|
|||£|£|£|£|<br>£|
|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|





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|`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|





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