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||||Page|
|---|---|---|---|
|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|
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|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||||||
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||||||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||
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|||||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|
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|||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|
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|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|
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|INCOME FRO|M DONATI|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|
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||||||||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|
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|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|
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||||||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|
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||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|
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|The number|ofemployees|ofemployees|whose emoluments|whose emoluments|fell within the following|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|
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|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|
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|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|
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|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|
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