2021-03-31-accounts

Trustees	L Armstrong (resigned 31 October2020)
	S Kyffin (resigned 31" October2020)
	N Shottel (resigned 9" December2020)
	E McIntyre (resigned 13" July 2020)
	C Binns
	MSuch
	R Carmichael
	S Bratch
	JWade
	J Shepstone (appointed 20"January 2021)
	J Beirne (appointed 1 September 2021)
Charity number	502592
Company number	01113101
Registered office	Newe House
	10 Pilgrim Street
	Newcastle upon Tyne
	NE16QG
Auditor	RSM UKAudit LLP
	Chartered Accountants
	1St James' Gate
	Newcastle upon Tyne
	NE14AD
Bankers	HSBC Bank pic
	110 Grey Street
	Newcastle upon Tyne
	NE1 6JG
Solicitors	Muckle LLP
	Time Central
	32 Gallowgate
	Newcastle upon Tyne
	NE1 4BF
Key management personnel
Chief executive officer	H Keeble (resigned 24 September2020)
	S Drysdale (appointed 18" November 2020)
Head of finance and administration	N Morgan (appointed 12th October 2020)

		Unrestricted	Restricted	Total	Total
		funds	funds	2021	2020
	Notes	£	£	£	£
Income from:
Donations and legacies	3	812,361	343,024	1,155,385	872,984
Charitable activities	4	376,733		376,733	2,046,721
Other trading activities	5	5,503		5,503	1,996,932
Investments	6				83
Coronavirus Job Retention Scheme	7	742,219		742,219
Total income		1,936,816	343,024	2,279,840	4,916,720
Expenditure on:
Raising funds	8	994,357		994,357	1.,685,318
Charitable activities	9	1,235,844	748,641	1,984,485	3,622,450
Total charitable expenditure		2,230,201	748,641	2,978,842	5,307,768
Taxation	11	(3,571)		(3,571)	2,561
Total resources expended		2,226,630	748,641	2,975,271	5,310,329
Net (Outgoing)
resources before transfers		(289,814)	(405,617)	(695,431)	(393,609)
Transfer between funds
Net movement in funds		(289,814)	(405,617)	(695,431)	(393,609)
Total funds brought forward		(26,033)	2,953,099	2,927,066	3,320,675
Total funds carried forward		(315,847)	2,547,482	2,231,635	2,927,066

		2021		2020	2020
	Notes	£	£	£	£
Fixed assets
Intangible assets	13		47,713		43,090
Tangible assets	14		3,370,657		3,866,264
Investments	15		10,000		10,000
			3,428,370		3,919,354
Current assets
Stocks	16	12,413		14,234
Debtors	17	259.839		136,678
Cash at bank and in hand		322.627		273,200
		594,879		424,112
Creditors: amounts falling due within	18
one year		(846.856)		(930,900)
Net current liabilities			(251,977)		(506,788)
Total assets less current liabilities			3,176,393		3,412.,566
Creditors: amounts falling due after	19
more than one year			(944,534)		(485,276)
Provisions for liabilities			(224)		(224)
Net assets			2,231,635		2,927,066
Income funds
Restricted funds	24		2,547.482		2,953,099
Unrestricted funds			(315,847)		(26,033)
			2,231,635		2,927,066

		2021			2020
	Notes	£	£	£	£
Fixed assets
Intangible assets	13		47,713		43,090
Tangible assets	14		3,352,100		3,837,696
Investments	15		10,001		10,001
			3,409,814		3,890,787
Current assets
Stocks	16	o		4,676
Debtors	17	343.583		87,202
Cash at bank and in hand		302,439		194,409
		646,022		286,287
Creditors: amounts falling due within	18
one year		(711,844)		(772,780)
Net current liabilities			(65,822)		(486,493)
Total assets less current liabilities			3,343,992		3,404,294
Creditors: amounts falling due after	19
more than one year			(838,284)		(485,276)
Net assets			2,505,708		2,919,018
Income funds
Restricted funds	24		2,547,482		2,953,099
Unrestricted funds			(41,774)		(34,081)
			2,505,708		2,919,018

		2021		2020
	Notes	£	£	£	£
Cash flows from operating activities
Cash (absorbed by)/generated from	25		(496,532)		139,504
Investing activities
Purchase of intangible assets		(21,817)		(34,260)
Purchase of tangible fixed assets		(5,070)		(16,329)
Interest received				83
Net cash used in investing activities			(26,887)		(50,506)
Financing activities
Repayment of borrowings		(89,154)		(145.560)
Proceeds of new bank loans		662,000
Net cash generated from/(used in)
financing activities			572,846		(145,560)
Net increase/(decrease) in cash and cash
equivalents			49,427		(56,562)
Cash and cash equivalents at beginning of year			273,200		329,762
Cash and cash equivalents at end of year			322.627		273,200

	Unrestricted	Restricted	Total	Total
	funds	funds	2021	2020
	£	£	£	£
General donations	75,077		75,077	98.949
Grants received	737,284	343,024	1,080,308	774,035
	812,361	343,024	1,155,385	872,984
Forthe year ended 31 March 2020	314,926	558,058		872,984

4	Charitable activities
		2021	2020
		Unrestricted	Unrestricted
		£	£
	Cinema activities	(6.727)	1,248,537
	Food and drink sales	(195)	175,798
	Facilities hire	262,106	347.,590
	Rental income
	Advertising	583	69,022
	Memberships	112.441	155,005
	Commission	7,807	40,690
	Other	718	10,079
		376,733	2,046,721
5	Other trading activities
		2021	2020
		Unrestricted	Unrestricted
		£	£
	Sponsorship	288	15,781
	Food and drink sales	5,215	1,981,151
	Othertrading activities	5,503	1,996,932
6	Investments
		2021	2020
		Unrestricted	Unrestricted
		£	£
	Bank deposit investment income		83
7	Coronavirus Job Retention Scheme
		2021	2020
		Unrestricted	Unrestricted
		£	£
	Government Coronavirus Job Retention Scheme grant income	742,219

8	Raising funds
		2021	2020
		Unrestricted	Unrestricted
		£	£
	Otherfundraising costs	12,326	885,279
	Staff costs	562,928	787,642
	Depreciation	10,012	12,397
		585,266	1,685,318
	Allocation of Support Costs	409,091
	Raising funds	994,357	1,685,318

	2021	2020
	£	£
Staff costs	1,073,461	1,429,889
Premises costs	2,981	39,304
Other costs	130,906	823,538
	1,207,348	2,292,731
Allocation of Support Costs (see note 10)	777,137	1,329,719
	1,984,485	3,622,450
Analysis by fund
Unrestricted funds	1,235,844	2,658,775
Restricted funds	748,641	963,675
	1,984,485	3,622,450

10	Support costs
		Raising Funds	Charitable	2021	2020	Basis of
			Activities			allocation
		£	£	£	£
	Depreciation and
	amortisation	174,837	333,022	507,859	514,197	Stafftime
	Operating lease charges	30,817	58,699	89,516	123,118	Stafftime
	Premises costs	73,545	140,085	213,630	431,970	Stafftime
	Other costs	40,904	77,914	118,818	212,345	Stafftime
	Audit fees	5,000	9,250	14,250	14,250	Governance
	Accountancy	950		950	950	Governance
	Governance costs	83,038	158,167	241,205	32,889	Governance
		409,091	777,137	1,186,228	1,329,719

	2021	2020
	£	£
Corporation Tax	(3,571)	3,571
Deferred tax		(1,010)
	(3,571)	2,561

	2021	2020
	Number	Number
Charitable activities and raising funds	89	129
Management and administration	6	6
	95	135

	2021	2020
	Number	Number
Charitable activities and raising funds	55	76
Management and administration	5	6
	60	82
Employment costs	2021	2020
	£	£
Wages and salaries	1,395,127	2,034,019
Social security costs	100,241	147.,254
Other pension costs	24,217	36,258
	1,519,585	2,217,531
Staff restructuring costs	92,143
Staffdevelopment and other staff costs	24,661	51,262
	1.,636,389	2,268,793

		2021	2020
		Number	Number
£60,001	-£70,000	2	1

13	Intangible fixed assets
	Group	**Goodwill **	Website costs	Total
		£	£	£
	Cost
	At 1 April 2020	21,750	63,345	85,095
	Additions		21,817	21,817
	At 31 March 2021	21,750	85,162	106,912
	Amortisation and impairment
	At 1 April 2020	21,750	20,255	42,005
	Amortisation charged forthe year		17,194	17,194
	At 31 March 2021	21,750	37,449	59,199
	Carrying amount
	At 31 March 2021		47,713	47,713
	At 31 March 2020		43,090	43,090
	Charity		Website	Total
			£	£
	Cost
	At 1 April 2020		63,345	63,345
	Additions		21,817	21,817
	At 31 March 2021		85,162	85,162
	Amortisation and impairment
	At 1 April 2020		20,255	20,255
	Amortisation charged for the year		17,194	17,194
	At 31 March 2021		37,449	37,449
	Carrying amount
	At 31 March 2021		47,713	47,713
	At 31 March 2020		43,090	43,090

Group	Leasehold	**Cinema **	Fixtures and	Total
	land and	technical	fittings
	buildings	equipment
	£	£	£	£
Cost
At 1 April 2020	8,063,786	1,422,673	237,146	9,723,605
Additions		2,061	3,009	5,070
At 31 March 2021	8,063,786	1,424,734	240,155	9,728,675
Depreciation and impairment
At 1 April 2020	4,598,856	1,028,424	230,061	5,857,341
Depreciation charged in the year	437,952	54,862	7,863	500,677
At 31 March 2021	5,036,808	1,083,286	237,924	6,358,018
Carrying amount
At31 March 2021	3,026,978	341,448	2,231	3,370,657
At 31 March 2020	3,464,930	394,249	7,085	3,866,264
Charity	Leasehold	Cinema Fixtures and		Total
	land and	technical	fittings
	buildings	equipment
	£	£	£	£
Cost
At 1 April 2020	8,063,786	1,376,045	223,661	9,663,492
Additions		2,061	3,009	5,070
At31 March 2021	8,063,786	1,378,106	226,670	9,668,562
Depreciation and impairment
At 1 April 2020	4,599,050	1,003,085	223,661	5,825,796
Depreciation charged in the year	437,759	52,441	466	490,666
At31 March 2021	5,036,809	1,055,526	224,127	6,316,462
Carrying amount
At31 March 2021	3,026,977	322,580	2,543	3,352,100
At31 March 2020	3,464,736	372,960		3,837,696

Group	Art exhibition
	£
Cost orvaluation
At 1 April 2020 & 31March 2021	10,000
Carrying amount
At 31 March 2021	10,000
At 31 March 2020	10,000

	2021	2020
Summary Statement of Comprehensive	£	£
Income
Turnover	8,964	1,992,974
cos	(631)	(561,169)
	8,333	1,431,805
Administrative expenses	(703,692)	(1,395,974)
Other operating income	409,668
(Loss)/Profit before tax	(285,691)	35,831
Interest payable and similarexpenses		(19,002)
Profit before taxation	(285,691)	16,829
Taxation	4,935	(2.561)
Net (loss)/profit	(280,756)	14,268

	2021	2020
The assets and liabilities of the subsidiary were:	£	£
Fixed assets	18,556	28,568
Current assets	54,515	191,934
Creditors: amounts falling due within one year	(240,669)	(212,230)
Creditors: amounts falling due after more than one year	(106,250)
Deferred tax	(2,529)	(3,893)
Total net assets	(276,377)	4,379
Aggregated share capital and reserves	(276,377)	4,379

16	Stocks	Group		Charity
		2021	2020	2021	2020
		£	£	£	£
	Finished goods and goods for resale	12,413	14,234		4,676
		12,413	14,234		4,676
17	Debtors	Group		Charity
		2021	2020	2021	2020
	Amounts falling due within one year:	£	£	£	£
	Trade debtors	19,171	54,129	14,964	30,225
	Otherdebtors	175		175
	Prepayments and accrued income	236,922	82,549	222,786	56,977
	Other group undertakings			105,658
	Corporation tax receivable	3,571
		259,839	136,678	343,583	87,202

18	Creditors: amounts falling due within one year	Creditors: amounts falling due within one year
			Group		Charity
			2021	2020	2021	2020
		Notes	£	£	£	£
	Bank loans	20	175,276	61,687	156,526	61.,687
	Trade creditors		220,769	216,451	209,938	190,307
	Amounts due to fellow group
	undertakings					54,109
	Other taxation and social
	security		76,488	164,002	18,384	74,616
	Corporation tax payable			3,571
	Othercreditors		14,545	36,303	14,545	36,303
	Accruals		156,008	214,637	123,020	167.,914
	Deferred income	21	203,770	234,249	189,431	187.844
			846,856	930,900	711,844	772,780
19	**Creditors: amounts falling due after more than **		one year
			Group		Charity
			2021	2020	2021	2020
		Notes	£	£	£	£
	Bank loans	20	550,417	485,276	444,167	485,276
	Other loans		394,117		394,117
			944,534	485,276	838,284	485,276
20	Borrowings
			Group		Charity
			2021	2020	2021	2020
			£	£	£	£
	Bank loans		662,000	546,963	537,000	546,963
	Other loans		457,810		457,810
			1,119,810	546,963	994,810	546,963

20	Borrowings (continued)
		Group		Charity
		2021	2020	2021	2020
		£	£	£	£
	Payable within one year
	Bank loans	111,584	61,687	92,833	61,687
	Other loans	63,692		63,692
	Payable afterone year
	Bank loans	550,417	485,276	444,167	485,276
	Other loans	394,117		394,117
	Amounts included above which fall due after five years:
	Payable by instalments
	Bank loans	29,750	162,115	23,500	162.115
	Other loans	115,296		115.296

21	Deferred Income	Group		Charity
		2021	2020	2021	2020
		£	£	£	£
	Balance as at 1 April	234,249	133,534	234,249	133,534
	Released from previous years	(219,249)	(133,534)	(219,249)	(133,534)
	Resources deferred in the year	188,770	234,249	174,431	234,249
	Balance carried forward at 31 March	203,770	234,249	189,431	234,249

22	Provisions for liabilities
		2021	2020
		£	£
	Deferred tax liabilities	224	224
		224	224

		Movement in funds	Movement in funds
Group	Balance at 1	Incoming	Resources	Transfers	Balance at 31
	April 2020	resources	expended		March 2021
	£	£	£	£	£
Unrestricted funds
General funds	(26,033)	1,936,816	(2,226,630)	(154,900)	(470,747)
Designated funds				154,900	154,900
	(26,033)	1,936,816	(2,226.630)		(315,847)
Restricted funds
Capital development	2,953,099		(405,617)		2,547.482
Arts Council		126.562	(126,562)
Project grants		216,462	(216,462)
	2,953,099	343,024	(748,641)		2,547,482
Total funds	2,927,066	2,279,840	(2,975,271)		2,231,635

		Movement in funds	Movement in funds
Charity	Balance at 1	Incoming	Resources	Transfers	Balance at 31
	April 2020	resources	expended		March 2021
	£	£	£	£	£
Unrestricted funds
General funds	(34,081)	1,578,183	(1,585,876)	(154,900)	(196,674)
Designated funds				154,900	154,900
	(34,081)	1,578,183	(1,585,876)		(41,774)
Restricted funds
Capital development	2,953,099		(405,617)		2,547,482
Arts Council		126,562	(126,562)
Project grants		216,462	(216,462)
	2,953,099	343,024	(748,641)		2,547,482
Total funds	2,919,018	1,921,207	(2,334,517)		2,505,708

		Movement in funds	Movement in funds
Group	Balance at 1	Incoming	Resources	Transfers	Balance at 31
	April 2019	resources	expended		March 2020
	£	£	£	£	£
Unrestricted funds
General funds	(55,087)	4,358,662	(4,346,654)	17,046	(26,033)
	(55,087)	4,358,662	(4,346,654)	17,046	(26,033)
Restricted funds
Capital development	3,358,716		(405,617)		2,953,099
Arts Council	17,046	124,271	(124,271)	(17,046)
Project grants		433,787	(433,787)
	3,375,762	558,058	(963,675)	(17,046)	2,953,099
Total funds	3,320,675	4,916,720	(5,310,329)		2,927,066
For the year ended 31 March 2020:
		Movement in funds
Charity	Balance at 1	Incoming	Resources	Transfers	Balance at 31
	April 2019	resources	expended		March 2020
	£	£	£	£	£
Unrestricted funds
General funds	(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
Capital development	3,358,716		(405,617)		2,953,099
Arts Council	17,046	124,271	(124,271)	(17,046)
Project grants		433,787	(433,787)
	3,375,762	558,058	(963,675)	(17,046)	2,953,099
Total funds	3,252,177	3,280,012	(3,613,171)		2,919,018

24	Analysis of net assets between funds
		Unrestricted	Restricted	Total
			General
		£	£	£
	Fund balances at 31 March 2021 are represented by:
	Intangible fixed assets	47.,713		47,713
	Tangible assets	823,175	2,547,482	3,370,657
	Investments	10,000		10,000
	Current {liabilities)	(251.,977)		(251,977)
	Long term liabilities	(944,534)		{944,534)
	Provisions	(224)		(224)
		(315,847)	2,547,482	2,231,635
		Unrestricted	Restricted	Total
			General
		£	£	£
	Fund balances at 31 March 2020 are represented by:
	Intangible fixed assets	43,090		43,090
	Tangible assets	913,165	2,953,099	3,866.264
	Investments	10,000		10,000
	Currentassets/{liabilities)	(506,788)		(506,788)
	Long term liabilities	(485,276)		{485,276)
	Provisions	(224)		(224)
		{26,033)	2,953,099	2,927.066
25	Cash generated from operations		2021	2020
			£	£
	Deficitforthe year		(695,431)	(393,609)
	Adjustments for:
	Investment income recognised in statementoffinancial activities			(83)
	Deferred Taxation			2,561
	Amortisation ofintangible fixed assets		17,194	9,030
	Impairment losses
	Depreciation oftangible fixed assets		500,677	517,564
	Movements in working capital:
	Decrease/{increase) in stocks		1,821	14,812
	{Decrease)/íncrease in debtors		(123,161)	96,132
	{Decrease)/íncrease in creditors		(163,583)	(207.,617)
	{lncrease)/decrease in deferred income		(30,479)	100,715
	Corporation taxation paid		(3,571)
	Cash generated from operations		(496,533)	139,504

	2021	2020
	£	£
Within one year	144,126	121,788
Between two and five years	449.937	217,074
In over five years	358,323	937
	952,386	339,799