2022-03-31-accounts - Nottingham Media Centre Limited

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Report ofthe	board oftrustees (including Strategic Report)
Report ofthe	Independent Auditors		12
Consolidated	Statement of Financial	Activities (Current Year)
Consolidated	Statement of Financial	Activities (Prior Year)	17
Consolidated	Statement of Financial	Position	18
Consolidated	Cash Flow Statement		20
Notes to the	Consolidated Cash Flow Statements		21
Notes to the	Consolidated Financial	Statements	22

The Board ofTrustees	The Board ofTrustees	Barbara Cathcart (Resigned	Barbara Cathcart (Resigned	29 March	29 March	2022)
		Anna Dawson
		Mare Y D Gaudart	(Resigned	9May 2022)
		Laurie E Moran
		Sofia Nazar-Chadwick
		Ann Priest
		Patricia D Silburn (Resigned		31 March		2022)
		Paul Southby —Chair
Secretary		Stephen Mapp
Key Management	Personnel	Stephen Mapp	Chief Executive
		Simon Ackrel	General	Manager
		Dan Wright	Finance	Manager		(to 7January	2022)
		Catherine Coker	Finance	Manager		(from 4January 2022)
		Caroline Hennigan	Programme		Director
		Stewart Terry	Marketing		&Communications		Director
		Eleanor Thornley	Film Hub	Midlands		Manager
Registered office		14-18Broad Street
		Notting ham
		NG1 3AL
Auditors		Rogers Spencer
		Newstead House
		Pelham Road
		Nottingham
		NG5 1AP
Bankers		HSBC Bank Pic
		26 Clumber Street
		Nottingham
		NG13GA

					Notes	Unrestricted	Restricted	Total	Total
						Funds	Funds	2021	2020
						6	E		6
INCOME:
Donations and legacies					3	1,269,601		1,269,601	217,861
Income from other trading			activities:
Shop sales Brochure advertising Commercial trading operations					8	797 5,309		797 5,309	34,031 2,000 1,018,882
						6,106		6,106	1,054,913
Investment Income						968		968	5,538
Income from charitable		activities:
Operation ofthe media	centre				5	130,474	26,978	157452	1 497139
Grants relating to the operation				ofthe
media centre					5	269,179	1,011,254	1,280,433	950,052
						399953	I 1138232	I 437885	2447191
TOTAL INCOME						~~2(I	~1(L232	~27	~72
EXPENDITURE:
Cost of raising funds:
Shop cost ofsales Brochure production, website			and			1,077		1,077	18,738
marketing						29,121		29,121	93,482
Commercial trading operations					8	404 330		404,330	821,443
Charitable activities						434,528		434,528	933,663
Operation ofmedia centre					7	1,231,070	655,804	1,886,874	2,925,703
TOTAL EXPENDITURE							~5404	~232 4	~3859
Net (expenditure)/income		before
transfers Gross transfers between	funds				9	10,730	382,428	393,158	(133,863)
Net movement offunds	in	year				10,730	382,428	393,158	(133,863)
RECONCILIATION OF	FUNDS
Total funds brought forward						1,159,007	4,578,673	5,737,680	5,871,543
Total funds carried forward						1~1~7	~4~	~1

				Group	Company	Company
		Note	2022 E	2021 f	2022 E	2021 6
Fixed assets
Tangible assets Investments		14 15	5,386,602	5,657,257	5,373,990 100	5,641,647 100
			5,386,602	5,657,257	5,374,090	5,641,747
Current assets
Stock for resale			14,855	6,515	109	247
Debtors		16	93,569	220,056	182,768	307,734
Cash at bank	and in hand		1,270,148	1 003128	1,163663	973,130
			1,378,572	1,229,699	1,346,540	1 281 111
Creditors:
Amounts falling due within one year		17	~657,740	~609,293	«575,533	~570,864
Net current assets			720,832	620406	771,007	710,247
Total asset less current
liabilities			6,107,434	6,277,663	6,145,097	6,351,994
Creditors
Amount falling than one year	due after more	18	~157,250	~146825	~141,994	~128,327
Net Assets			505D175	6,13D,838	6,0D3,1D6	11223667,
Funds:
Unrestricted	funds	22	1,219,181	1,169,737	1,272,112	1,262,566
Restricted funds		22	4,730,994	4961 101	4 73D994	4,961 101
			5,950,175	6,130,838	6,003,106	6,223,667

		Notes	2022f	2021f
Cash flows from operating activities			353,636	301,939
Cash flows from investing activities
Interest income/(expenditure) Purchase oftangible fixed assets			(5,708) ~100,402	(4,118) ~020.000
Cash used in investing activities			~406,200	~624,203
Cash flows from financial activities
New loans Repayment of Borrowing			40,000 ~20,446	~21,069
Cash used in financing activities			19,584	21 969
(Decrease)/increase in cash and	cash equivalents		267,020	(344,813)
Cash and cash equivalents at 1	April 2021		1,003,128	1,347,941
Total cash and cash equivalents	at 31 March 2022	2	1,270,148	1,003,128

1.	RECONCILIATION	OF NET MOVEMENT	OF NET MOVEMENT	OF NET MOVEMENT	IN FUNDS TO NET CASH	FROM OPERATING	FROM OPERATING
	ACTIVITIES
						2022	2021
						6
	Net income/(expenditure) for		the year before interest
	received and paid					(174,955)	397,276
	Depreciation charges					370,475	273,664
	Loss on disposal oftangible		fixed assets			672
	Decrease/(increase)	in stocks				(8,340)	6,426
	(Increase)/decrease	in debtors				126,487	(111,285)
	Increase/(decrease)	in creditors				39297	, ~264,142
	Net cash inflow from operating			activities		353,636	301,939
2.	CASH AND CASH EQUIVALENTS
	Year ended 31 llilarch 2022
						31 March	31 March
						2022	2021
						8
	Cash and cash equivalents					1,270,148	1,003,128
						1,270,148	1,003,128
	Year ended 31 March 2021
						31 March	31 March
						2021	2020
							F
	Cash and cash equivalents					1 003,128	1 347,941
						1,003,128	1,347,941
	3. ANALYSIS OF CHANGES			IN NET DEBT
					Brought		Carried
					forward	Cash-flows	forward
					6
	Cash at bank and in Borro wings	hand			1,003,128 ~167,649	267,020 ~13,976	1,270,148 ~161,616
					835,488	253,044	1,088,532

INCOME FRO	ONS AND LEGACIES
			Total	Total
	Unrestricted	Restricted	Funds	Funds
	Funds	Funds	2022	2021
	8	8	5	5
Donations	15,647		15,647	19,767
Grants Receivable
BFIAudience Fund CJRS Grant Covid 19Grants	150,000 62,434 441,475		150,000 62,434 441,475	150,000 624,419 475,415
	669,556		669,556	1,269,601
			Total	Total
	Unrestricted	Restricted	Funds	Funds
	Funds	Funds	2021	2020
	5	K
Donations	19,767		19,767	48,851
Grants Receivable
BFIAudience Fund CJRS Grant Covid 19Grants	150,000 624,419 475,415		150,000 624,419 475,415	150,000 19,010
	1,269,601		1,269,601	217,861

							Total	Total
					Unrestricted	Restricted	Funds	Funds
					Fundsf	Funds 6	2022	2021f
BoxOffice admission			charges		554,212		554,212	44,454
Events					238,697	41,507	280,204	109,985
Room hire and rents					62,475		62,475	279
Screen advertising Other income					18,486 59		18,486 59	2,881 ~147
					873,929	41,507	915,436	157,452
							Total	Total
					Unrestricted	Restricted	Funds	Funds
					Funds	Funds	2021	2020
						6
BoxOffice admission			charges		44,454		44,454	1,103,683
Events					83,007	26,978	109,985	219,318
Room hire and rents Screen advertising Other income					279 2,881 ~147		279 2,881 147	128,675 44,900 563
					130,474	26,978	157,452	1,497,139
ants relating		to the	operation ofthe Media Centre
							Total	Total
					Unrestricted	Restricted	Funds	Funds
					Funds	Funds	2022	2021
					6	6	E
Arts Council		of England		- Capital		65,991	65,991	578,717
Arts Council		of England		- NPO	100,071		100,071	99,939
BFI - Film HUB Midlands					88,572	285,332	373,904	390,413
BFI - C-Fan	Major Programme				63,328	183,187	246,515	187,077
Foreshadow		Film Fund				1,370	1,370	6,721
Nottingham	City Council					7,2'71	7,271	16,550
Others					400		400	1,016
					252,371	543,151	795,522	1,280,433
							Total	Total
					Unrestricted	Restricted	Funds	Funds
					Funds	Fundsf	2021f	2020 6
Arts Council		of England		—Capital		578,717	578,717
Arts Council		of England		- NPO	99,939		99,939	111,894
BFI Film HUB Midlands					87,053	303,360	390,413	435,612
BFIC-Fan Major Programme					81,171	105,906	187,077	372,515
Foreshadow		Film Fund				6,721	6,721	24,706
Nottingham	City Council					16,550	16,550
Others					1,016		1 016	5325
					269,179	1,011,254	1 280433	950,052

NALYSIS OF EXPENDITURE ON CHA	RITABLE ACTIVITI	ES (continued)
		Media
	Film	Events &
	Programme 6	Education	2021	2020f
Film hire and carriage Front ofhouse costs	9,834 16,084		9,834 16,084	449,014 28,153
Projection and front of house wages	262,941		262,941	345,746
Media events and education		764,512	764,512	1,140,274
Premises costs	73,849	49,233	123,082	252,861
Support costs	387,414	258,276	645,690	634,113
Other expenditure	38,839	25,892	64,731	75,542
	788,961	1,097,913	1,886,874	2,925,703
Of which
Unrestricted funds	664,365	566,705	1,231,070	2,068,126
Restricted funds	124,596	531,208	655,804	857,577
	788,961	1,097,913	1,886,874	2,925,703

					2022	2021
					E	E
Fixed assets					12,612	15,610
Current assets					126,501	40,977
Current liabilities					(176,676)	(130,818)
Non-current liabilities					(15,268)	(18,498)
Net assets/(liabilities)					(52,831)	(92,729)
uring the year the charitable		company charged	NMC Commercial		Ltd a rental ofanil (2021
nd a service charge	of Roil (2021:anil) and made purchases			amounting to anil (2021:Znil).
ET INCOMING RESOURCES FOR THE YEAR
his is stated after charging:
					2022	2021
					6
Depreciation					370,475	273,664
Auditor's remuneration
Audit services					9,250	9,000
Accounting	services				3,350	3,250
Other services					2,600
Loan Interest					5,804	5,086

	2022	2021
	6	6
Salaries and wages	1,168,892	1,184,142
Social security costs	91,807	86,589
Pension Costs	23,358	22,103
	1,284,057	1,292,834

The number	ofemployees	ofemployees	whose emoluments	bands:
				2022	2021
f60,000-f69,999
The average weekly		number ofemployees	during the year, was as follows:
				2022f	2021f
Programme	and events			9	24
Support to charitable		activities and governance		26	15
Cafe bar				26	27
					66

Group
			Fixtures	Assets	in
	Freehold		tt	Course	of
	Premises 6	Equipment 8	Fittings 6	Construction		Totalf
COST
At 1 April 2021	8,938,050	936,674	1,557,727			11,432,451
Additions Disposals		998	99,494 ~29,800			100,492 ~29,080
At 31 March 2022	8,938,050	937,672	1,627,341			11,503,063
DEPRECIATION
At 1 April 2021	4,218,227	739,983	816,984			5,775,194
Provided in year	173,261	36,597	160,617			370,475
Eliminated on disposal			(29,208)			(29,208)
Impairment
At 31 March 2022	4,391,488	776,580	948,393			6,116,461
NET BOOK VALUE
At 31 March 2022	4,546,562	161,092	678,948			5,386,602
At 31 March 2021	4,719,823	196,691	740,743			5,657,257
Company
			Fixtures	Assets	in
	Freehold		S	Course	of
	Premises	Equipment	Fittings	Construction		Total
	8	8	6		8	8
COST
At 1 April 2021	8,938,050	868,991	1,547,561			11,354,602
Additions		998	97,698			98,696
Dispcsals
At 31 March 2022	8,938,050	869,989	1,645,259			11,453,298
DEPRECIATION
At 1 April 2021	4,218,227	692,554	802,1'74			5,712,955
Provided in year	173,261	36,597	156,495			366,353
Eliminated on disposal
Impairment
At 31 March 2022	4,391,488	729,151	958 669			6,079,308
NET BOOK VALUE
4101 M I 2022	4546562	140,838	686,590			5,373,990
At 31 March 2021	4,719,823	176437	745 387			5,641,647
		31

ANALYSIS OF MOVEME	ANALYSIS OF MOVEME	ANALYSIS OF MOVEME	NTS IN FUNDS
Analysis ofmovements			in unrestricted	funds
			At	Incoming	Resources		At
			01/04/21	Resources	expended	Transfers	31/03/22
			8	E		E	8
General ~0'	fund tdf	d:	1,072,750	2,409,389	(2,372,342)		1,109,797
Development		fund	42,350				42,350
Capital	Build	fund	15,937	1,000			16,937
Beyond	the Reel fund		38,700	11,492	(95)		50,097
			1,169,737	2,421,861	~2,372,437		1,219,181
			At	Incoming	Resources		At
			01/04/20 K	Resources E	expendedf	Transfersf	31/03/21f
General ~di	fund tdf	d	1,081,372	1,656,561	(1,665,183)		1,072,750
Development		fund	42,350				42,350
Capital	Build	fund	9,537	6,400			15,937
Beyond	the Reel fund		25,748	13,367	(415)		38,700
			1.159007	1,676328	~7,665,598		1,169,737

and support sustainability	and support sustainability	ofthe organisation's	charitable aim	s.
Analysis ofmovements		in restricted funds
		At	Incoming	Resources		At
		01/04/21	Resources	expended	Transfers	31/03/22
		6	E	8	E	8
Foreshadow	Film fund	121,979	1,371			123,350
BFI Film Hub	Midlands		285,332	(285,332)
BFIC-Fan Major Prog.			183,187	(183,187)
BFI Network			41,507	(41,507)
Deferred capital grants		4,839,122	73,261	(304,739)		4,607,644
		4,961,101	584,658	~874,765		4,730,994
			34