## 



## 

|**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|



## 

## 

## 

##