Company registration number.. 01131692 Charity registration number.. 504600 North Staffordshire Regional Film Theatre Ltd (A company limited by guarantee) A1Ual Report and Financial Statement8 for the Year Ended 31 March 2025 Dai'yl Denson ACMA Dudson Centie Hope Street Stoke-on-Trent STI 5DD
North Staffordshire Regional Film Theatre Ltd Contents R¢fer¢ncg and Admini5tr8tive Details Trustees Report (incorporatitig the Directors, Report) 2to3 Independent Bxaminer's R¢port Staternenl of Financial Activities Balance SILeet Notes to the Financial Staten]ents 7t014
North Staffordshire Regional Film Theatre Ltd Ref¢rence and Administrative Details Trustees Peter John Bur8ell Hames, Ch8ir Andrea Tunnicliffe Ru88ell Heath Grace Edith Hilda Jordan Andrew Patrick Nickiin Gillian Lindley Timothy Wolley 504600 Charlty Reglstrailon Number Company Registrthtioll Nwnber 01131692 Th¢ rbarity is incorporated in England. The Wade Centre Hartshill Road Stoke-on-TrenÈ Staffordsbire ST4 7NY Registered oACe Independent Ei XAmfiner Daryl Denson ACMA Dudson Centre Hope Street Stoke-on-Trent STI 5DD Page I
North Stliffordshire RegionAI Film Theatre Ltd Trustees Report (incorporatillg the Directorsl Report) The trustees, who aTr dir¢rtors for the purposes of conLpany I&w? pr¢$¢nt the &T]nual rOrt together with the financial statements of the charitable conYp8ny for the year ended 31 March 2025. Trustees officers The trustees and officers servitig diuing th¢ y¢aT &nd since the year end were as follows: Tnistees.. Peter John Burgell Hatnes, Chair Anthe& ThI1ClIffe Russell Heath SJ Myers (resigned 15 Septetnber 2024) Grace Edith Hilda Iord&n Andrew Patrick Nicklin Gilli Lindley Timothy Wolley {appointed 24 March 2025) ObJeetives and a¢tivities Objeetives aAdAims Th¢ objects of the Ghtlty are to encourage the development 0£ thg art of film and to promote its public appreciation d sttidy. First founded tn association with tlLe Britiskn Filjn Institut¢, the Fihn Theatre provides an opportunity to see ld discuss films fiom all parts of the world, most of which are Dot exhibited ill con]merciai inemas. Objeelives, Strategies and dcttvities The ChIty'S objgrtiV¢8 are delivered thToiigh the showing of films and the organisation of discussion. Alongside nre fatniliar titles, the Filrll Theatre promotes the exhibition of itLd¢pendenl Europ¢an and it]ternational cinema. as well as revivals of older films. It ensures that local audiences in Nortb Stattordsbirg [d Stolce-on-Trent have the opportunity to experieiice a wider range of cinema than would otheTwige be available. Stoloe Film Theatre is an independent public cinema situated in StoIce-on-Trent and is entirely reliant on voluntecrs for its Front Df House operation. Public beA£f¥l F11n fiDm the rnain programme 'e sliowt] oli Tuesday, ThwBday, Friday and Saturday night8 atLd typically include 2-3 features. Tbo trnstse8 cojffjrm that they have cornplied with the requirements of section 17 of the Ch&ities Act 2011 t have due regard to the piiblic benefit guidance published by the Charity Cottllnission for England aud Wdes, Page 2
North StAffordshire Regional Film Theatre Ltd Trustees Report (Incoryorating the Dfirectors, Report) Achlevemellts and performance The Film Theatre relocated in 2023 and was su¢¢essfully reopened in its new home at the Wade CetLtr¢ in Hartshill, Stoke-on-Trent on I l October 2024 just in time to celebrate its 50th Birthd&y Since reop¢ning up to 31 March 2025 the Film Theatre has welcomed over 4,000 patrons across 75 screenings within excess of 1,000 volunteer hours given by our dedicated volunteers. There have been a few equipment issues but ongoing ndraising and applications for grants are in place to fjmd new equipment, The Film Theatre has been weloomed in its new home by both the venue and cornmiinity and the ongoing support from our patrons haB been hiige. Our prograrntne will continue to evolve in order to altract new and diverse audiences. Financial review Policy on reserves The policy of the charity is to aim to hold a minimum of £5,000 in reserves to cover unexpected costs andlor ov¢r ov¢rknea<Ls duTing ungxpected peiiod of inaGtivity. UnrestriGted reserves at th¢ year end al'e £51,864 (2024.. £41,506). Structllrfy governanee and management ]Vtttupe ofgovgrning docwAÉnÈ The cL]uity is controlled by its governing dooument, a deed of trust, and const'itutes 8 limited company, limited by guarantee as defined by the Companies Act 2006. Recruitment appointment of trustees The ch¢irity 18 administered by a trLiStees committec wliich inects quarterly. New ttustees are appointed, by Serving truste¢8 when a vacancy occurs. They are recniited on tbe basis of their eAper¢ise in the area of Gultural inema andlor the fostering of community activity. Day to day management is under th¢ supervision of an (utspald) Cinema Director. Small companies provision statemellt This report has been preparL'd ill accordance with tb¢ srllall companies reginLe ullder thL Companies Act 2006. The annual report W2L s approved by the trust¢¢s of the charity ollo6111 l Ls and siglled on its behf by: Peter John Bursell Hame8 Trust¢e Page 3
North Staffordshire Regional Film Theatre Ltd llldependerLt Examlller's Report to the trustees of North Staffordshtre Reglonal Fllm Theatre Ltd (Ithe Company,) I report to the charity trustees on my eX&IllatiOn of the accounts of the Company for the ye&r ellded 3 l March 2025. Responslbiiities aJAd basis of report As the charity's trustees of the Cotnpany (and al80 its directors for the purposes of comp8my law) you are responsible for the preparation of the accounts in accordance with the reqiiirements of the Companies Act 2006 {'the 2006 Act,). Having satisfied myself that the accounts of the Company are not requiied to be audited under Part 16 of the 2006 Act and are eligible for independent exAmination, I report in respect of my ex&tnination 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 Statsment I have Gompleted Y examination. I confInTL that no rnatters have come to attention ill GoJ)nection wÉth th¢ examination giving nLe cause to believe.. accounting records were not kept in respect of Noith Staffordshire RegionaL Filtn Theatre Ltd as requir by section 386 of tbe 2006 Act. or 2. the account3 do not acoord witb those record8,' or 3. tbe accounts do llot cOpIY with the accountiog requirentS of section 396 of the 2006 Act otber than ally requirement that the account8 give a '1me and fair view, which is uot a matter considered as parl of an indepttJdellt examination; or 4. ihe accounts have not been prepared in acGordance with the methods and principles of the Staten]ent of liecommended Practice foi account'ing and reporting by GhaT.ities lapplicable to clwities preparing tbeir accoimts in accordance with the FinanGid Reporting Standard applicable itt the UK ELd Republio of Ireland (FRS 102)]. I have no concerns and have cotne across no other mgLttcrs in conttection with the eXillation to which attention Should be dY¢iwn in this report in order to enGible d proper understanding of ihe acLoiuLt8 to be reached. Daryl Denso CMA Dudson Cetttre Hope Street Stoke-on-Trent STI 5DD 1811212025 Date............. Page 4
North Staffordshire Regional Fil Theatre Ltd Statenlent of Fillanclal Activities for the Year Ended 31 March 2025 (Including Income and Expenditllre Account and Statement of Total Recognised Gains and Losses) Ullrestricted funds Restricted funds Total 2025 Note Income Endowments from: Donationg and l¢gacies Charit&bl¢ activities Other trading activities 11,905 30,306 729 11,905 30,306 729 Totsl income 42.940 42,940 Expenditure on: ChLTitable activit1¢6 32,582) (2,910 (35,498} Total expenditure Net incomel(exp¢llditur¢) 32,582) (2,916) (35,498} 10,358 {2,916 7,442 Net rnovement in funds 10,358 (2,916) 7,442 Reeoneiliation of fullds Tolal fid8 brought forward 41,506 19,774 61,280 Total fimds Calea fonvard 15 51,864 Unrestricted funds 16,858 Restrieted funds 68,722 Total 2024 Note Income and End0}ents from: Donations and legleS 20,578 20,578 Total incon]¢ 20,578 20,578 Expenditure on: Charitable aolivilie8 14,812) 3,645) (18,457) Total expelldithre (14,812) (3,645) (18,457) Net incomel(expo1itllrc) 5,766 (3,645 2,121 N'et Jnovement in fid8 5,766 (3,645} 2,121 Reconciliation of funds Total funds brought forward 35,740 23,419 59,159 Tolal funds caTried forward 15 41,506 19,774 61,280 All of the ch[ty'S uctivities derive from continiung operatioll8 during the above two periods, The funds breakdOU for 2024 is shown in note 15, The notes on pages 7 t'o 14.lonn an inlegral part of thesc fJnanoi&l statements. Page 5
North Staffordshire Regional Film Theatre Ltd (Reglstration number: 01131692) Balanee Sheet as at 31 March 2025 2025 2024 Iyote Fixed assets Tangible assets 16,291 20,364 Currellt assets Debl'ors Cagh at bank and in band 12 13 724 53,040 53,764 553 41,013 41,566 Credltors: Amounts fallfing due witbin one year Trlet current assets 14 {1,333) 650 52,43 I 40,916 Net assets 68,722 61,280 Funds of the eh&rity". Re8trieted Income lund$ R¢stri¢ted fiind8 15 16.858 19,774 Unrestricted income funds Unrestricied funds 51,864 41,506 Total funds 15 68,722 61280 For th¢ financial ycar cnding 31 MLrch 2025 the charity was entitled to ex¢rnption from audit uud¢r section 477 of the Companies A¢t 2006 relatin¥ to small companies. Dir¢ctoTs' responsibilities: The mernbers have not required the charity to obtain an aiidit of its accounts for the y¢ar in question in accordance with section 476,. and The directors a¢]WICdge Iheir responsibiliti¢s foT Complying with the requii'ernents of the Act with re8pect to accounting records and the preparation of a¢¢oiints. anci( Statements on pages 5 to 14 were approved by the trustee8, alld authorised for issue o . and sigtLed on their beballby.. Pel'er Jol]n Bursell Hames Trustee The notes on pageb 7 to 14 foiTn an in(egral part of these fInela1 statement8. Page 6
North Staffordshire Regional Film Theatre Ltd Notes to the Flnanci&l Statements for the Year Ended 31 March 2025 I Charity status Tbe charity is Iimited by guarantee, incoryorated in England, and consequently does not have sELare Ci< Pital. Each of the tnLStees is lirLble lo contribute an aOUnt not exceeding £1 towards thc assets of tbc charity in the event of liquidation. 2 Accounting policies Siimmary of slgnific%nt accounting policies and key aecounting estimal¢s The principal accounting poliGi¢s 8pplied iji th¢ preparation of th¢s¢ financial statement8 are set out below. Thes¢ poli¢ieg have beets consistently applied to all the years presents<L unless otherwise stated. Statement of con]pliaThce The fitwicial st'atements have been preped in accord]Ce with Accounting and RepoTtinB by Charttits: Statement of RecollLmended Prnctice applicable to Gharities pr¢p&Ting their acGOiU]ts in accordance with the Financial Reporting Standard applicabl¢ in the UK And Republi¢ of Ireland (FRS 102) (cff¢ctive l January 2019) - (CIwitieg SORP (FRS 102)), the Financial Reporting Standard applicable ID the UK alld Republic of Ireland (Flis 102). They al80 con]ply with the compani Act 2006 end ChitIeS Act 2011. B#sis Df prepllrlltion NoTth Stsffoidshir¢ Regional Film Theatt'e Ltd meets the definition of a publi¢ benefit entity und¢r FRS 102. Assets ELnd liabilities are initially reCOlsed at" historical cost or transaction value unless otherwise stated in the relevllnt accountinE policy notes. Going Concern The trnstees consider Iha(' there are no material uncertainties about the charity's ability to continlle as a going Goncern nor any signifioant are8$ of uncertainty th&t aftect the rariying value of assets held by the charity. Income and endowments All income is recogttised otLce the charity has elltitlement to the income, it 18 probable that the incolne will be rebeived and the atnount of the income receivable can be measurod reliably. Grants receivable Grants are recognised when the charity has an entidement to the fiinds and any conditions liolced to the grants have been rnet. Where performllee conditioiis art attached to the gr&llt and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferyed income to be releascd. I xpenditure All expenilitLwe is reGogntsed once there is a legal or constructive obligation to that eKpendithre, it is probablc settlement is reqiiired and the 1É tnount can be me<tsiwed reliably. All cost8 al'e allocatsd to the appli¢able txpcnditure lieading that aggregate similar Costs to tha¢ category. Wherc costs ctu]not be directly attributed to particular beadings they have been dlocated on & basi8 consistent with the use of resourocs, with central starr costs allocated on the basis of time spcnL and d¢preciatioll charges allocated on the portion of the asset's w¢. Other 8UPPOrt costs aTe allocated based on the spread of staff oosts. Page 7
Nortb Stfiffordshire Regional Film Theatre Ltd Notes to the Fillan¢ial Statements for the Year Ended 31 March 2025 Charitftble activities Charitabl¢ expenth'ture ¢ornprises thos¢ Gosts incurred by the Gharity in the delivery of its activities and SeiCeS for its beneficiaries. It includes both costs ttLat can be allocated direGtly to such activities and those costs of all indire¢t J]aMi¢ neceSSY to suppor¢ them. Governance costs Th¢se in¢lud¢ the costs attributsble to the Gharity'8 Gompliance witb ConStition and StrLtOry requiremellls, including audil stratsC llgernent attd lrnstees meetings and reimbursed expenses. Government grants Govenunent grants are recognised based on the accrual model and are mea8UTed at the fair value of the asset received or reoeivable. Grants are classified a8 relating either to revenue or to assets. Grants relating to revenue ar¢ r¢coEllised irt incorn¢ over the period in which the related costs are recognised. Grallts relatillg to assets are recognised ovei die expected useful life of the asset. Where P&Tt of a grant relating to an asset 18 deferred, it is recognised as deferred income. Taxation The ChltY is consider¢d to pas8 the tests Set out. in ParaaP I Schedule 6 of th¢ Fiuance ACL 2010 and therefore it meets the definition of EL cliaTitable company for UK cotyoration tax purpos¢s. Accordingly, the charity is poten¢i&lly exempt from taxation in respect of incorThe or capital gain8 received within categories covered by Chapter 3 Part I l of the Corporation Tax Act 2010 01. S¢¢tion 256 of the Taxation of Cbargeablc Gains Act 1992, to the extent that such incomo or g&in8 are applied exclusively to clwitable purpos¢s. Tangible fixed assets Individiial fixed assets costing £500 or more are initially recoi'ded at cos¢ less aoy subsequent accwnulated depreciation and subsequent accumidated itnp&irment losses. Depreciation aThd #mortis8tion DepTeciation is provided on tangibl¥ fixed assets so as to Nvrite off the cost or valuation, less any estimated residual value, over their expected USefi economic life as follows: Asset class Equipment Depreciatioll method and rate 200/0 reducing balance Trade debtors Trade debtors are amounts due from cu8ton]er8 for mer¢handise sold or seLvices p¢rfornied in the ordinary coiir8e of bu8in¢ss. Trade debtors are recognised initially at the transactioll prioe. They are subsequently measured at amortised cost ilThg the effective inl'eiesl niel'hod, less provision for impairment, A provision for the impainllent of trade debtorg is established whett there is objective ¢vid¢n¢e that the charity will not be able to collect all èuuounts duc according to the original terms of the receivables, Cash aiid ca511 equivalents C¢islI ld cash eqiiivalents comprise cash on han(1 and call (leposits, and other short-tenn highly liouid invLStmentB thAt are reiL dily convertible to a known amount of cash and ar¢ subjecl to all lllsignificant risk of ch2ge in value. Page 8
North Staffordshire Regional Film Theatre Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 Fund structiire Unre8tricted incon)e fund8 aT¢ g¢n¢ral fid8 that are available for use at th¢ trustees discretion in fitherance of the objectives of the charity. Restiicted income funds are those donated for use in a particular aT#a or for specific Purposes. the use of which is restiicted to that area or puoSe. 3 Income from donations and legacies Unrestrieted tunds G¢ner&l Total 2025 Donations atLd legacies. Donations to major appeals Grants, incluthng capital gTants' Qov¢rnment gratLts 6,905 6,905 5,000 5,000 11,905 11,905 Unrestrieted funds GeneTal Total 2024 Donations and legacie8,' Donation8 t() njOr appea18 20,578 20,578 20,578 4 Income from charitable actiYiti¢s Unrestricted fund8 GenerAI Total 2025 Onlille BookiDgs Box Oltice Takings 24,901 5,405 24,901 5,405 30,306 30,306 Page 9
North Staffordshire Regional Film Theatre Ltd Notes to the FAnan¢lal Statements for the Year Ended 31 March 2025 5 Income from otlier tradlng actlvltles Unrestricted funds General Total 2025 adillg inGorne,' Bar sales &nd publications 729 729 729 729 Total 2024 6 Expenditure on charitable activities Aetivity undeitaken direetIy 2025 Wages Fllm hire Service charge Theatre rent Equipment hii"e Licences RepLirs and mairttetwnce InsiiTance Poslage Ld slationery T¢l¢phone Sundries D¢preciation Tndependent examination and acc0ujtCY 2,381 7,157 3,150 5,896 522 652 5,469 1,694 12 1,266 2,543 4,073 683 2,381 7,157 3,150 5,896 522 652 5,469 1,694 12 1,266 2,543 4,073 683 35,498 35,498 Page 10
North Staffordshire Regional Film Theatre Ltd Notes to the Finallcial Statements for the Year Ended 31 March 2025 Activlty undertSLlcen dlrectly 2024 Repairs atLd llLaintsnance Insurance TeLepbone Sundries Bank tharg¢s Depreciation Illdependellt examination and accountancy 9,673 1,106 L,170 45 625 5,091 747 9,673 1,106 1,170 45 625 5,091 747 18,457 18,457 £32,582 (2024 - £14.812) of the above expenditure was attiibutable to unrestricted fLULd8 and £2,916 (2024 - £3.645) to restiicted funds. 7 Analysis of governance and support eosts Covernance Costs UnrestricÉed funds General Total 2025 Indep¢ndent aTriner fees EAatnination of Lh¢ financial slatemenls 683 683 683 683 Ullrestricted funds General Total 2024 Indepeadent examiner fees EADInation of the financial statement8 747 747 747 747 8 Net incomingloiitgoing i'esoiirces Net incoming resources for the year Inclie.. 2025 2024 Depreciation of fixed assets 4,073 5,091 9 Trustees remuneration ÉLnd eApen$es No trnstees, nor any persons connected with ihem, have received any ralluneration fi'om the charity dIng the y¢ar. Pagell
North Staffordshire Regional Film Theatre Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 No trustees have received any reimbursed expenses or any other benefits from the oharity during th¢ year. 10 Taxation The ¢haLIty is a Tegistsred charity and is tberefore exempt from taxltion. 11 Tangible fixed assets Plant and machinery Total Cost At l April 2024 129,837 129,837 At 31 March 2025 129,837 129,837 Deprecialion At l April 2024 Charge for the ye8J 109,473 4,073 109,473 4,073 At 31 March 2025 113.546 113,546 Net book value At 31 March 2025 16,291 16,291 Al 31 March 2024 20,364 20,364 12 Debtors 2025 2024 Pi¢paywents Other debtors 571 153 553 724 553 13 C*sh and cash equlval¢nts 2025 2024 Ccish on hand Cash at bank 80 52,960 41,013 53,040 41,013 14 Creditors: amounts f.ling duc within one year 2025 2024 Ac¢ii]al$ 1.333 650 Page 12
North Staffordshire Regional Film Theatre Ltd Notes to the Fiuancial Statements for the Year Ended 31 March 2025 15 Funds Bl1Ce at i April 2024 Ineoming resoiirces Resources expended B*lanee at 31 March 2025 Unrestricted fiinds Generrtl General Fund 41,506 42,940 (32,582) 51,864 Restricted funds History Book Stoke oll Trent City Council 2,000 17,774 2,000 14,858 (2,916) Total restsicted funds 19,774 (2,916) 16,858 Tot funds 61280 42,940 (35,498) 68,722 Balance at i Aprll 2023 Inconthig r&source8 Resources expended Balance &t 31 March 2024 UJRrestrlcted funds Gentral Gerleral Fund 35,740 20,578 (14,812) 41,506 Restrictcd History Book Sto[ on Trent City Council 2,000 21,419 2,000 17,774 (3,645) Total restricted tunds 23,419 (3,645 19,774 TotaI ndS 59,159 20,578 (18,457) 61,280 The specific purposes for which the lld$ are to be applied are as follows.. History Book_ tOT the publication costs of the history book. Stol<e on Trent City Council - Essential upgrades I'o audio and film pIe8entaiton eqiiipment. Page 13
North StaffoTdshire Regional Film Theatre Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 16 Analysi5 of net assets between funds Unrestricted fun(Is G¢Deral Total funds at 31 March 2025 Restiieted funds Tangibl¢ fixed assets Current assets Current liabilities 4.629 48,568 1,333 11,662 5,196 16,291 53,764 1,333 Total net aBsets 51,864 16,858 68,722 Unrestrleted funds General Total funds #t 31 Mr¢ 2024 Restrl¢ted funds Tangible f¢d assets Current assets Cutrent liabilities 5,786 32,725 650) 14,578 8,841 20,364 41,566 {650 Totsl net a3gets 37,861 23,419 61,280 17 Related party trallsactious There were no related parly transactions in the year. Page 14