2023-03-31-accounts

Company Number 02315936 Charlty Number 700880 NOTTINGHAM MEDIA CENTRE LIMITED (A company limited by guarantee and not having a share capltall REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 IAARCH 2023 "ACGIRVSP* 1P11112023 ¢CthIPANIES HOUSE

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NorriNGHAM MEDIA CENTRE LIMITED CONTENTS Page ReFQrt of the board of trustees (including strateg￿ Report) Rep)rt of the Independent Auditors 14 Consolidated Statement of Financh31 Activities {cU￿ent Year) 18 Consolidated Ststement of Financial Activth'es (Prior Year) 19 Consdidated Statement of Financial Position 20 Consdidated Cash Fh)w SLitement 22 Notes to the Consolidated Cash Flow Statements 23 Notes to the cons01￿ated Financial Statements 24

NOTTINGHAM MEDIA CENTRE LIMITED IA ¢ompany limited by guarantee and not having a share capital) REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2023 The trustees are pleased lo present their annual directors, report tcfvjelher wth the consolidated financial statements of the charity and its subSKI￿ry for the year ending March 31. 2023. The trustees have adopted the provisions of the Slatemenl of Recommended Practice {SORPI "A¢¢ounts'ng and Reporting by Charities" in preparing the annual report and fin￿Cial statements of the charty." The financial statements have been prepared in accordance wrth the accounting poI￿leS set out in the notes to the accounts and comply with the Memorandum and Art￿leS of Association, Charitses Act 2011, the Companies Act 20C6 and A¢¢ounting and Reporting by Charitses." Slatemenl of Recommended Practice applicable lo chanties preparing their accounls in accordance with the Financial Re[ty￿1ng Standard applicable in the UK and Republic of Ireland (FRS 1021 published in October 2019. CHAIR'S REPORT Trading performance al Broadway has steadity improved over the past 12 months as we transiboned from financial periods dominated by Covid restrictsons. Nolabty, audience numbers have been on the rise, despite some lingering caution amon9 our core customer base. This caution may be attributed in part lo a relatively subdued film program_ Vlhile our trading performance exhibited some flucluatsons. Ihe overall trend has been positive. with aUdEn￿ gradually returning and the performance of Broadway's café bar and the Mezz Bar sl¢Mty approaching pTe•pandemic levels. Excitsng developments have already unfolded for our organizalion. Our former Chief Executive of 16 years, Steve Mapp. officially rets.red on June 30th, following his departure in April. Steve's deduted leadership played a pivotal role in Broadway s evolution as both a place and a business. along with its carelul financial management. We extend our heartfeK gratitude to him on behalf of the tx)ard and all Bfoadway staff for his invaluable contributions over the past 33 years. We have welcomed Lucy Askew as Broadway's new Chief Executive al the beginning of our current trading period. Lucy joins us from her prev￿)US ro￿ as Chief Executive al Creation Theatre in Oxford. The board eagerty anticipates collaborab'ng wth her and advancing Brothay's mission. I would also like lo express our appreciatK)n to Marc Gaudart. who retired as a trustee on May 9, 2022, for his significant contributions lo the company as a trustee and as chair of the board of Broadway's subsidiary company, NMC Commerc￿1 Limited_ Furthermore, we extend our gratitude to the BFI (Bittish Film Inslitulel and Arts Couneil England for their conttnued financial support of Broadway. recenlfy renewed for the upcoming thfee-year business plan period. Their invaluable practical support throughoLrt the recruilment pr(￿eSS for our new Chief Executive was greatly appreek*ed. Lastly, Broadway's success owes much lo its excepts)nal team. and we wish to thank our senioi management team and all staff members for their dedicatson and enthusiasm over the past 12 months. PaLbl Southby Chair

NOTTINGHAM MEDIA CENTRE LIMITED (A company limited by guarantee and not havlng a share capttal) REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2023 (continued) STATUTORY INFORMATION Governlng Document Nottingham Media Centre Limrted, trading as Broadway is a company limited by guarantee incorporated under the Companies Aet 20[￿ (Company number.. 02315936} and a registered ¢harty (Charity number." 7008801 governed by its Memorandum and Articles of Asswiab"on. Directors and Trustees The directors of the charitable company {"the Charty") are rts trustees for the purpose of charity law and throughout this report are colle¢lNely referred to as the trustees. As set out in the Articles of Association the trustees nominate the ¢hair of the trustees. The following persons have served as trustees during the perw)d 2022r23 and up to the date of signing this report.. The Board of Trustees Anna Daws Mare Y D Gaudart (Resigned 9 May 2022) Laurie E Moran Sofia Nazar-chathvick Ann PrEst Paul Southby- Chair CLaire Baxter (Appointed 19 May 2023) James Denham (Appointed 19 May 20231 John Taylor (Appointed 19 May 20231 Secretary Stephen Mapp (Resigned 20 June 2023) Lucy Aske4V (Appointed 20 June 20231 Koy Mon•gem¢nt Personnel Stephen Mapp Chief Execulwe Ilo 24 April 2023} Lucy Askew Chief Execubve lfrom 24 April 20231 Car￿lne Hennigan Programme Director Stewart Terry Marketing & ComMunica￿nS Director Catherine Coker Finance Manager Simon Ackrel General Manager Ekanor Thornley Film Hub Midlands Manager Nim Rajagopalan HR Advisor Regist•red offi 14-18 Broad Street Noth'ngham NG1 3AL Auditors Rogers Spencer Newstead House Pelham Road Nottingham NG5 1AP Bankors HSBC Bank PIC 26 Clumber Street Nottingham NG1 3GA

NOTTINGHAM MEDIA CENTRE LIMITED (A company limited by guarantee and not having a share capltsll REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2023 Icontlnuedl Objects of the Charity Nottingham Media Centre Limited is a charity which operaies and trades under name of Broadway and exists'lo advance eduCat￿n by the provision offacjlits.es and services in Ihe media ofthe arts, Communicat￿lS and new t8chnologK. Public 8eneflt Statement The Board of Trustees has referred lo the Charity Commission's gu￿anCe on public benefit when reviewing the charity's aims and objectives and in planning future ￿t[VIt￿. Investmgnt Powers Under the Memorandum and ArtiGles of As50¢iation. the Company has the power to make any investment which the tntstees see fit Appoinlment of Trustees As set out in the Memorandum and Arb"cles of Assctiation, the Chair of the Trustees 1$ norninated by the 8oard of Trustees. The Board has the power to nominate new trustees. where areas of specifie and new expertise are needed or when vacancies arise due to resMJnatsons. New members are nominated and voted on by the existing trustees. Trusteo Indu￿10￿ and Tralning All new members are ir¢ducted by the Chair and made aware of their responsibilil¢es as Trustees in relation lo Charity and Company law and are made aware of the business plan, the financial performance and decision-making processes of the Company. All Trustees are encouraged to attend meetings. specifi¢ training and away-days where these are ￿leVant to the undertaking of their roles and responsibilit￿S as Trustees. Risk Management The risk management of the trustees involves-. A revw of risks faced by the chanty at all Board meetings through financ￿1 and other reports from the Management team. The establishment of strategie$. systems and procedures lo mth.gate those risks. The implementation of procedures to minimise the impa¢t on the chafity should those risks materialise. The company operates wrthin Current legislat￿n ￿ health and safety. employee management. equalrty and diversty and within the temis of relevant licences granted by the local authority for its cinema. entertainments. food hygiene and the sale of akohol. Oryani$otion and Management The Board of Trustees oversee the management of the Charity and when the need arises. suwroups are created to cover specific topics such as capital and business development, frjndraising. equalty, diversity and inclusion, environmentsl sustainabilty which are agreed and nominated at meetings of the fvll Board. The Board employed Stephen Mapp as Chief Executs"ve to manage the operation of the Charity, Nottingham Medhi Centre Ltd and its wholly owned commercial subsidiary NMC Commercial Ltd until his retirement on 24 April 2023. The Board have appoinled a new Chief Executive, Lucy Askew from this dale. The Chief Executive has delegated authority as approved by the Trustees for overall reS￿nSIbl1ty for strategy, arb"sb"c dIrec￿n. business devekJpmen( financ￿1 management, policy making, employrnent and operats.onal matters. The senior management team are collectively responsible for the planning, management and delivery of activity across the organisalion. Programme Director. Caroline Hennigan is responsible for curating the cinema, s￿CIal events and film education courses.. Eleanor Thornley is Manager of Film Hub Midlands IFHM), in a strategic partnership with Biimingham based Flatpack Proje¢ls', General Manager, Simon Ackrel is responsible for operational matters including the Café bars, premises and health and safety", Director of Marketing and ComMun￿ations. Stewart Terry takes strategic responsibility for organisational marketing and ¢ommunutions." Finance Manager Catherine Coker is responsible for financial managemenL

NorriNGHAM MEDIA CENTRE LIMITED (A company Ilmited by guarantee and not having a share ¢apital} REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2023 (¢ontinu•dl Oryanisation and Management (continued) HR Advisor, Nim Rajagopalan provides advice, support and training on all employment matters including re¢ruitment, equality and diversty. Through regular supe(vision and appraisal, staff are developed in their roles. IM)en re-structuring is necessary. an inlemal appointment process is undertaken to review regrading of roles OT redeployfflent before recruitment is undertaken extemally. Broadway has experience of managing and delivering BFI and ACE slakeholder fvnding agreements including the channelling of National Lottery funding. service contracts and large scale capital devekwmenls. Experience in delivering projects with the procurement, state a￿. reporh.ng and auditing requirements of the EU and CLG has ensured that Broadway's adminislratK)n and financial reporb.ng systems are robusl and well maintained. Pay Poli¢y The Board ol Directors, who are the charty's trustees and the senior management team comprise th6 key management ￿[SO￿￿e1 of the charity in charge of directing, controlling. Tunning and operating Broadway on a day to day basis. All directors gwe their b.me freety and no director receNed reMunerat￿n or expenses in the year. The pay of Sen￿)r management staff is reviewed annually and with fvnds allowing, in¢reased in line wtth inflation and average cost of living awards. Any increase in excess of the cost of living is s¥Jbject to performance review. Periodically, the Directors benchmark pay against levels in other arts and cultural sector venues of a similar SLze and complexty. Goveinance Nottingham Media Centre Ltd is ¢urrentty led by a board of fve trustees (expanded to eight in May 2023 and due to become eleven in August 2023 which followed a skills audit and recruitment campaign). The Board meet five limes a year and have dual responsibilty both as Irustees of a charity and directors of a non-profit distributing company. Their role as trusteel directors is no different from those of a share-based company, in that they are required to exercise Iheir care, diligence and skill to act in the best interests of the company. A wholly owned Subsidiary company NMC Commerual Ltd operates the café bar and catering with a Board who are also trustees of Nottingham Media Centre Ltd. NMC Commercial Ltd pays a commercial monthly rent and service charge to the charty with any surplus ￿enanted as gift aid. which makes a significant contribulion in supporting the organisalion deliver on its Charrtable objectives_ As at 31 March 2023 membership of the Board comprises Chairman Paul Southby (Solicitor & Chair of Marketing NG}', Laurie Moran (Voluntary Sector Development). Ann Priest Iconsullanl and ex PVC Nottingham Trent Universtyl. Sofia Nazar-ChadwKk (Charty Fundraiser/ Markebngi and Anna Daw50n (Senior Lecturer Film Studies Nottingham Trent Unr4ersity). Vision We are amb1￿U5 on our path to be one of the leadiry centres for film and creativity in the UK and in Europe. Mlsslon Broadway is a nationalty recc*Jnised cultural leader. bringing the worhj of independent British and international film culture lo Notb"ngham and across the Midlands. supporting innovation in art and technology, provKling a ptstform for talent learning arKI conversation to Inspire creativity and a Ilfelong love of film. Values Broadway, Values focus on the following characteristu: Audien¢es + Communty Accessible + Incluswe Independent + Passionate Resilient + Reswnsible D￿lta1 + Dynamtc

NOTTINGHAM MEDIA CENTRE LIAirrED IA company limited by guarnntee and not having a share capital) REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2023 {contlnued) Commercial & Charltable Operations

Four screen independent cinema, film cuEture & educatK)n programmes Catering. bars, confefences and pnvate roorn hires Membership scheme an(J discounted ticket offers. Local, regional and national partnerships ACE NPO supported Near N¢)w Arts & Technology StudK) Event and workspaces BFI Film Hub Midlands BFI Ne￿ork BFI Film Academy Plus BFI Film Academy HR and people Marketyng & communicat￿n$ Related Partie$ Broadway is a key regional delTrvery partner for the 8FI ar￿ the 201&22 Film Forever strategy (extended. to 2023). recewing an annual funding award from the BFI Audience Fund and project fvnding to support delivery of a BFI Film Academy. Since 2018 Broadway has been the Film Hub Lead Organisation IFHLOI for Film Hub Midlands IFHM), in a strategic partnership with Birmingham based Flatpack Project, one of eight UK hubs in the BFI'S Film Audience Nelwork (FAN) in an annual agreement extended to March 2023. Broadway is a member of the UK Cinema Assochition (UKCA) traje body and contracts with the Independent Cinema Office IICOI io Provide film bwking services. Broadway is an Arts Council England, Nat*￿al Piytfolio Organisabon (NPOI. which supports our Near Now Arts & Technology Studio programme. with the current four-year funding agreement. now extended to March 2026. Partnerships with Nothngham Trent Universty Schwl of Art & Design. University of Nottingham's Horizon D￿lta1 Economy Research Insts"lute, Centre for Advan¢ed Studies, Instttule of Scieen Industry Research and Steering Group of LEADD."NG Immersive Hub, provide a platform for knowledge exchange. graduate placemen15, innovation. research & development activities across film. arts and digital lechnobgies. Broadway is a member of the Nottingham Strategic Cumural Partnership {SCP}, Contnbuting to the City's Strategic Cultural Framework 2017-2027 which advocates for the contribution that arts and culture makes lo the sccial. educational, and econom￿ heath of Noth'ngham and the surrounding areas. Broadway engages in a wide range of CU￿ural, community and educats.onal partnerships which provide a plafform for Collaborative activities throughout the year_ GROUP STRATEGIC REPORT Finan¢ial Revlew 11 has been expected that 2022-23 woukl be an operatsonalty and financAlly challenging year. Folk)wing a gradual period of reopening since 19 May 2021, it represented the first, full year of ITading since the Covid pandemi¢ foreed Closure in March 2020. and with fooffall not recovering to pre pandemK levels as quickly a5 anticipated. There was no extension of financ￿1 support from the Government'5 Cultural Recovery Funding {CRF} beyond March 2022. although we attracted 50% Retail, Hospitality and Leisure Business Rates relief. Based on the prediction that cinema and catering revenues would retum to 80% pre-covid from April 2022, rising to 90% by March 2023, it was forecast the year woubJ result in a consolidated loss of- £201,078. Howevef. in line with the UK cinema exhibition sector. the in¢Tease in fooifall proved optimistic. with box office rising to lust 71 %, although catering retumed to 88% of pre-covid revenues by the year end. In spite of this, mib"gated in part by higher than expected income fft)m private hires and with all reasonable measures taken to keep overheads and staffing. particulady in the café bar, to a minimum. notsvilhslanding a lo￿￿ increase in eleCtric￿Y pr￿$ the actual defictl for the year of £115,888 was better than expected.

NOTTINGHAM MEDIA CENTRE LIMITED IA company limited by guarantee and not havlng a sharo ¢apital) REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2023 {contlnuedl Flnanclal Revlew {conlinued) The nel result of this challenging trading environment was that Nottingham Media Centre Lld unreslricled reserves reduced by £1,219,181 to £1,103,293 (including £117.170 designated reserves) equivalent to 21 weeks of turnover12021r22". 26 weeks}. Net group current assets decreased from £720,832 to £617,781 including £499,030 of unreslricled funds. Total fvnds carried forward were £5,548,770 including restricted funds of £4,445,477 ofwhich £4,326,726 are rep￿Sented by fixed assets. During the year to 31SI March 2023, the total incoming resources for the group was £3,376.056. The principal sources of income to the group were cinema box office admission Charges of £794.827. café bar sales of £898,187 and grant funding of £944,458. Broadway contsnued to attracl publK donations of £8.580 though our'8eyond Ihe Reel. philanlhropic fundraising scheme. Broadway aims lo remain commercially suslainable, ensuring Ihal its management, financial and governance arrangements are sufficient to meet all rts business, organisational and strateg responsibilities, operating wrthin a framework where core overheads are not dependent on subsidy and making effecbve use of the public funding it attracts. Management accounts are reviewed monthly by the Senior Management Team ISMTI and quarterty by the Board of Trustees against budget wrth ath.ons taken if required. Precurement and tendering practi ensure best value purchase of g¢)ods. works and services. Experience of audrt and reporting practice required by the Communities & L￿al Government {CLGI when in receipt of European funding, ensures Broadway opefales robust financial systems and informs the management of channelling Lottery funding on behalf of the BFI to third party organisations. An investment and reserves policy which includes an aCCeptsb￿ level of risk on deposits and identfying appropriate provision fof capital investment and un-foreseen costs has been agreed by the Board which has set a long term target for free reseNes lexeluding designated reserves) to recover from the impact of the COVKI pandemr to the equrvalent of 12 weeks of bjrnover. from 8.3 weeks at March 2022 and 6 weeks al March 2023. ACHIEVEMENTS & PERFORMANCE 2022-23 Cinema Programme In the year lo March 2023. cillema admissions reached 132.043 (71% of 2019r20 pre-covid admissions of 184,223} over 3,880 screenings, with notsble success Aftetsun, Nope, Elvis and 8elfasl, with four of the top len being indeFendenl British films. The 8ansh8es of Inish8rin. Empire of knght. Living. Mrs Hams Goes lo Paris. the most popular documentary, Moonage Daydream. The programme included international titles. classic re-releases, themed seasons in¢luding BAME, LGB TQ+ short form content and touring festivals, Doe 'n' Roll, Queer Easl on Tour. The Japan Foundation Tour, UK Jewish and French Film Festivals on Tour. Curated seasons and festivals celebrating the dwersity of film ¢uEture inspired by actors, directors, genre and themalK, many attracting new and young aUdEn￿ in¢luded a Sidney Poitier retrospective, focused on his earlier films from the 1950s and '60s-Edge of The Cty. The Defiant Ones. ts"li8s of the Valley, In the Heat of the Nwhl and Guess Whos Coming To DinneR." the career of N￿OlaS Cage included Moonstruck, Raising Aiizona, Bad Lieutenant and Adaptatw. at Heart and Faceloff, 'Women & New Hollywood,, celebrated women in 1970s American cinema, featuring Alice Doesn't Live Here Anymore introduced by film crrtic Christina Newland, and Girffnends and Q&A with the director, Claudia Weill.

NOTTINGHAM MEDIA CENTRE LIMITED IA cornpany limited by guarantee and not havlng a share capital) REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2023 {contlnued) Clnema Programme (continued) th support from Film Hub MKllands, Broadway's Film Feels Curious season was co-curaled with Kino Klubb- 'DoubÈ Take. included films relating to the theme of dreams and doUb￿s.. Long Day's Journey Into Night, 3 Women. Meshes in the AfternLkin and Mulholland Drive. 'Fragile Lives.. The Cinema of Precarity, was curated with The Centre of the Study of Inequalty, Curture and Difference and the Work Futures Reseafch Group al Nottingham Trent UnNersity wrth BKy¢le Th￿veS, The Gleaners & 1, 8art and Between Two Wortds reflecting the theme of precarrty in work. from Italian ntrrealism to ¢onlemporary French cinema. Following re-releases of Paris. Texas and ￿ngS of Desire, a retrospective of director Wim Wenders work included 35mm screening5 of Alice in the Cities. Buena Vista Social Club, Kings of the Road and American Fliends. Pina and The Sall of the Earth. Jean Luc Godard's death was marked with a screening of p￿rror le Fou. Audiences had a rare chance to enjoy a sell-out screening of the Danish cycling classic A Sunday in Hell and Q&A wilh Guardian writer Wlliam Folheringham. Our long bme ¢ollat¥xalors, Mayhem Film Festval presented 15 feature and SI￿ programme over 4 days, with centrepiece the BFI-funded 'ln Dreams Are Monsters, Night of the Cat. a double-bill of 1960s Japanese folk horror Kumneko, wrth live score by Nottingham artist Yumah, followed by a screening of Steven King's Sl8epwalk8rs. A Collaborat￿)n tse￿een Mayhem and Nottingham Horror Collective, a magazine Created by 3 women united by a love of the genre presented short films. folk￿ed by feature Jenniferfs 8ody, popular with under 25$. Broadway partnered with hxal community groups including marking Reftjgee Awareness Week with do¢umentary, Hostile and Q&A with dire¢lor Sonila Gale. Nadia Vthittome MP introduced the charity Framework's screening of Th8 Fisher King. drawing attention lo the growing issue of homelessness in Nottingham and East Midlands. Irish communities joined a $c￿enIng of The Quiet Girt as part of the ety's Sl Patrick's Day celebrations, wrth Colm Bairead's delicate film preceded by a harp performance of traditional Irish music by Roisin H￿key, a former member of Nottingham Youth Orchestra. Broadway's FEDS trainee, Sanaa Masud, curated 'The Lay of the Land,, a season exploring Pla￿ and people, bringing together films from across the world.. Jane, East of Eden. Hoop Dreams. The Slrawht Story. Hotel Salvation and A Girf Walks Home Al¢￿e at Nwhl attractsng new aud￿nCeS. by promotsng screenings within local wmrnunitr"e$_ Affordable I￿ke1 options are made available for people with limrted means and screenings for people with specific access needs are offered including auty.sm and supportive environment with an increase in captioned s¢reenings for Deaf or Hard of Hearing to increase audEnce choKe. Markeling & Communications Broadway's markebng and communicats.ons 2022123 strategy had three key obJ'ectNes", showcasing our wider impact" building loyalty amongst current audiences and attracb.ng new audiences. To showcase our wider impact. dedicated marketing support was recruited to work aeross ACE NPO Near Now and Film Hub MKllands. increasing our ability to communicate regional and national impact. and ￿entifyIng cases for public support as part of a fvndraising launch due later in 2023. Building loyalty amongst C￿￿ent audience was led by the launch of an improved mernbership acquisition campaign across digital, print and pre-film channels which eontributed lo increase membership by 25% and reducing barriers lo member acquisition by simplifying sign-up purchase pathway. An online shop was launched for branded merchandise. In addition to Tebuilding our core audiences. attraetsng new audiences was a key pr￿)rrtY with Under-25 audiences increasing by 9%. We addressed pr￿ as a barrier to entry by introducing a"Pay What You Feel" pricing optson for se*ted seasons and screenings and laun¢hed .£5 Monday. IKkets offer. Our new branding was showcased by producing tsrgeted digital and print assets for seasons such as "Women in New Hollyw¢)od' and"Double-Take'. There was also a focus on showcasing stsff and "behind-the-scenes" via Instagram Reels resulb.ng in 22% increase in Instsgram followers. These strategies continue to be a foundation planning in 23124, with the expansion of existing campaigns and launch of new customer wulsit￿n and retention campaigns planned. Alongside this, the implementation of 2 proposed new CRM system will improve oui data colle¢ts"on and customer profiling capabilits"e$, whilst allowing us to maximise current cusiomer spend and target ¢ultNale new audiences.

NOTTINGHAM MEDIA CENTRE LIMITED (A ¢ompany limrted by guarantoe and not having a share capital) REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 20231contlnued) Film Learning & Training Bfoadway's 111h BFI Academy course launched with ￿enty participants, exceeding diversity tsrgets with the second-highesl number of applicants lo dale. Maslerclasses by local and iegional industry professionals covered over 22 film industy topics providing the highest quality of industry learning with the tsvo short films produ¢ed enjoying a se114Xrt publ￿ screening. The 2nd year of BFI Venue EdUcat￿n Award SUPFL)rted a w￿e range of acttvities in¢luding a series of young people's Film Club Takeover screenings. The J&kie Treehorn x Film Club presented VKtoria. Amencan Honey and Easy Rrtler. and Broajway's BFI Film Academy 2022 participants formed the 'Undefined and Unnamed collective. where the young people presented an artistic evening which demonslrated great dedtcalion, imaginab.on and Creativity, selecting Portrait of a Lady on Fire and selling work by women artists. In an event supported by Flatpack, the collective, since renamed 'Lounge Trip, delivered an informative presentation to a group of young people on curation and delivery of their film night at Broadway. 'Bvild Your Own'Film N￿hr, the culmination of several month's work. provided the opportunity for young people aged 18-25 years, to forni the 'Lonety Cinema Club,. curating shorts films on the theme of k>neliness, entitled Alone Together. Similar events were offered across the Midlands at MAC in Birmingham. Phoenix in Leicester and WapwKk Arts Centre who worked with six neuro-divergent young programmers. A series of 'Geth'ng into Film. Labs (available on Broadway's YouTube channel) were held for emerging talent included. Getting Your Foot in the Door,. 'Closing Ihe Skills Gap,, 'Wn"ling for Film, featuring award- winner journali5t- Christina Newland and another featurin9 Film & TV Editor Richard Graham {Th8 Crown) for a Q&A. The event included a pre-recorded conversation with Documentary Edito¥ Alice Powell (Seahorse and Game of Thrones.. The Last Watch) and a screening of t)ocumentary feature. Donna. A partnership with sI￿rt Slack, a tri-annual compiL3tKJn of the best short narrative films, dc¢umentanes and music videos from the Midlands provided a showcase for emerging filmmakers including our youngest at 10 year old and films by BFI Film Academy partbcipanls made during their 2022 NFTS Craft Skills Re$identr"al to Share their w+yk wrth a publ￿ audien on the big s¢reen. Broadway welcomed a new trainee lo the Programming and Marketing leams. Sanaa Masud applied to join the FEDS scheme run by the Independent Cinema Office and was seleded after an intervtew at Broadway. FEDS 15 designed to gNe newcomers to the film industry a head-start and help make the film exhibition Workfor￿ more representative of the UK. The scheme offers a ten-month traineeship al Broadway as well as mentoring and exFert industry advice. It was with deep sadness that we lost a dear colleague and friend of Broadway, Roger Knott-Fayle on 15 August. Roger was Course Leader on our previous ten Film Academy programmes and will be fondly remembered by all those he taught and worked alongside. BFI FAN: Film Hub Midl¥nd$; 8FI NETWORK; cr￿ FAN Load for PAajor Programmo Stsff funded through the 8FI's Film Audience Netsvork IFANI contsnued to provide support. advice, and funding for the exhibition sector in the regK)n. helping organisations to navsate funding options and offer a netsvofk of support for the membership tr) draw upon and stay connected. Film Hub Midlands IFHM) provbjed activity funding in the form of the Film Exhibiti¢)n Fund and smaller pitch pot awards as well as strategic projects such as Spotluht on Lincolnshire. These awards made it possible for film exhibitors lo grow their audiences and expand the range ol film shown - overall this financial year FHM supp)rted over 45 projects across the MidL4nds reaching over 25,000 people. Across July and August, the Major PrLJrammes proje¢l delr¥ered Frfm Feels.. Curious, enabling projects to engage with audences across the UK wtth exciting curatK)n led programming. Across the Aulumn Major Programmes delivered support fof the BFI'S In Dreams are Monsters season. fesultsng in 54 awards across the UK. This project ended on March 31 st 2023 as the BFI 2022 strategy drew to a close and the mechanism for nab.onal FAN SUPPKKt changed.

NOTTINGHAM MEDIA CEKfRE LIMITED IA company limited by guarantee and not having a share capital) REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 hlARCH 2023 (contlnued) BFI FAN: Fllm Hub Mldlands: BFI NEtWORK: Cross FAN Load for Major Progrnmme (continued) This year the BFI NETWORK Talent team supported 26 short film fund awards, 6 Ear Feature Development awards as well as provJing numerous online webinars, 1-2-1 meetings and valuable ne￿orkn.n9 events for filmmakers in the region and collaboration with the wider FHM project via the Midlands short film club- showcasing midlands ffilmmaking tslent in Midl￿d$ cinemas. Near Now Arti￿ Studlo Near Now's Ideas Fund whrch supports projects combining technolo3y and creativty. fostering research, innovation, and skills development was launched for youn9 creative praclrt)ners in Nottinghamshire. Thirteen awards were offered to Midlands-ba$ed ¢￿atIVeS wrth aPpI￿￿"0nS demonslrabng diverse representation with 20% blaek and minorty ethnic. 50% femalelnon-binary, 38% LGBTQ+ 15% disabled, and 230A neurodiverse. Working in partnership wth Cty Arts, four mi¢ro%rants, supporting research, development, skills and training wefe awarded to participants in the Elevate ¢ourse for 18-30-year-olds based in Nottinghamshire. Two Near Now fellowships were awarded to artists Sopftie Huckfiekl and Katharina Fitz. Sophie's focuses on the historical and future impact of lechnok*Jy and automation on labour in Nottingham and the Midlands. Sophie also received a DesvJner in Residency opportunity at the University of Noth'ngham's Mixed Reality Lab, r￿e1Ving support from researchers and creative lechnolog¢sts Katharina's fellowship contributes to the Repurposing Waste Plastsc Pfoje¢l. a collaborat￿n be￿een Near Now and Future Makers, a new hub for entrepieneurial artists, designers. and makers in Nottingham. The proje¢t aims to divert single-use plasl¢c from hamiful disposal methods for use in attsvorks, products. and design obje¢t$. Kalharina developed prototypes and a model for arbSl-￿d activities. Future Makers secured £107.000 i ditional fvnding from Innovate UK and Arts Council England to support becoming markel-reajy, Greating opportunities for ¢reatNes. and engaging with the public. The Near Now Creative Producer offered mentoring to sknjdio members with £236.000 raised since 2018 through fvnding appl&gtions to support their proje¢ts and profeSS￿n81 development. Near Now supported Frarnework-for-Pra¢lice. a project using s¢affokling and reusable materials to create flexible event spaces. The project facilitated Bioadway's Gallery programme including events designed to support young and underrepresented creatives to genefate new ideas and encouwe applications to the Ideas Fund. Other exhibitions included Shattefed Heliccentric Orbil by emer9ing Chinese artist 00 Zhang- Monsters Wrthin, an exhibition expk)Ting icons of horror cinema presented as part of Mayhem Film Festsval and OTOKA Takeover. a senes of exhibiti'ons and residencies by artist cand￿e Ja¢obs. Broadway also hosted sector skills. training and educatsonal activities, workshops and outreach events in ollaboration with partner5 including Makers of Imagirtary World5. Cobol Maker Space and Mixed Reality Lab. Inspire Foundation, City Arts, No Jobs in the Arts. Youth Landscapers Collective, Round Lemon, Chronic Insanity Theatre Company. Near Now organised cinema screenings of artists. film and moving image work in collaboration with artists and organisats.ons including Lary Achiampong. Hetain Patel, Nottingham Contemporary, Artangel, Can(Jice Jacobs, Dan￿41FABRlC, Yewande 103 and Akxandrina Hemsley. Premises & Opgrntional Key objectives have been to maintain budgeted GP'S and rebuihj catering revenues through NMC Commercial Ltd, whi¢h a¢hieved 88% of pr&Covid levels by March 2023. Folbwing capital improvements, the operabonal focus has been to deliver high standards of ¢ustomer servi¢e, ¢ontinue with full table service in the café bar. Mezz bar and terrace and regulaty refresh and review Food and Drinks menus. Income from conference and prNate rwm hires have exceeded budget forecasts and there has been increased profitabilty ￿ hosts.ng large City wide events such as Not￿"ngharn Pride and Hockley Hustle.

NOTTINGHAM MEDIA CEPURE LIMITED (A company limrted by guarantee and not havlng a share capital) REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2023 l¢ontinued) Premlses & Operntlonal Key objectives have been lo maintain budgeted GP'S and rebuikd catenng revenues through NMC Commercial Ltd, which achreved 88% of pre-covid levels by March 2023. Folk)wing caprtal improvements, the operational focu5 has to deliver high stsndards of customer ser¥￿e. continue with full table Service in the café bar. Me22 bar and terrace and regularly ￿fresh and review Food and Drinks menus. In¢ome from eonferenee and prNale room hires have exceeded budget forecasts and Ihefe has been in¢reased profitability in hosting large Cty wide events su¢h as Nottingham Pride and Ho¢kley Hustle. As Broadway's premises is the organisation's most valuable asset it is essential that it is properly maintained and reviewed annualty. Cash reserves are held to cover the cost of exceptional and unforeseen rtems and this year rt has been necessary lo prioribse repair a large area of external ndering and roofing. including finding a solution for the standing water. PAT testing on all electrical equipment and Health and safety and Fire safety review are conducted each year. It will ShOr￿Y be necessary to upgrade internal digrtal infrastructure and swrtch lo a di9rtal phone system. Broadway's Environmentsl Policy and Acb"on Plan has continued lo make Pfogress in reducing the organisalion's carbon bJlprinL Belween 2015116 and 2022123. dala for eleclricity, gas, water and waste uploaded to Julie's Bicycle, shows the total annual C02 emissions have reduced by 53% from 442 to 205 tonnes with use of energy dthvn by 58.5%. Operational effic￿ne￿$ and physical improvements completed in 2020. including a heat exchange system, occupancy and fan speed controls, have all contributed. The staged bul total replacement of halogen lamps to LEDS and the installation of light sensors continues. New softsvare on healing systems provKJes more zonal control wrth gas Teduced in the kitchen by introducing ele¢tn"¢ gri¢Jdle hot plate$. Covld Pandemic - Financial Recovery Objectives 2023124 Broadway's new three year strategic Business Plan 2023-26 aluns with the 10 year strategic plans of key fvnding partners, Arts Council England (ACE} and Brrtish Film Institute IBFII. £480.000 of frjnding over Ihree years 2023-26 has been secured from BFI Aud￿nce Projects for to support BROADER, a slraleglc programme and marketing project to rebuild core audiences and increase the diversity of new audiences through community partnership working. A further 3 year lunding 2023-26 has been secured Broadway lo continue as the BFI Hub Lead organisalion for Film Hub MKllands {FHMI. in partnership with Flatpack, Birmingham. This initiative ineludes regional delivery of BFI Nets¥ofk, Film Academy Plus (previously Venue Education Fund) and responsibility for becoming the Cross-FAN ¢harnpKsn for the 8FI's new Broader Sereen initiative. Broadway will also continue lo be a membef of the Arts Council England IACEI Nat￿nal Portfolio for the next three years 2023-26 following a successful 3 year application £307.293 to support Near Now Slud Talent Ineubator and Accelerator programmes and a new annual artist in residen¢e initiative. However, il is expected 2023124 will rerna￿ a challenging year with footfall expected to still remain below pre-pandemic levels and with no further Govemment financial support currentty available. Research suggests that audiences in 2022123 have not returned lo cinemas as quIc￿Y as had been anticipated, due more to a thinner film re￿ase calendar. which is expected to strengthen by the end of 2025, rather than a slruclural shrft in post pandemic audience behavK)r. Other factors currently impa¢ting on admissions are changes in work routsnes arKI lifestyk. the growing popularity of film streaming and the increase in cost of living. Broadway is focused on developing and exists'ng income streams arKI is in ¢onvetsation with the BFI and our peer venues lo help identify opportunities for collaboratNe and sustainable working. The pursuit of Museums & GaI￿rieS Tax Relief IMGTRI is also being expk)red and ¢ompelling new ¢ases for philanthropic support will be identified and presented to the public. 8roaoknay will ¢ontinue lo expand private hires. conference, roorn bookings and hoskn.ng large public events lineluding Nottingham Pride. Hockley Hustle Music Festiva), with plans to fit out our Mezz Lounge. next to the Mezz Bar to increase sales. io

NOTTINGHAM MEDIA CENTRE LIMITED {A Company limited by guarantee and not having a shar• capital} REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2023 (continued) Covid Pandernic - Financial R•¢ov¢ry Objectives 2023124 (continued) In line with organisational values. 8roa¢thvay will not pass all cost increases on to the public. ensuring that price is not a barrier for people with limited means. However. booking fees are being reintroduced at £1.20 per online transaction, although members will be exempl wh￿h increase the attraclrveness of membership. As identified in our 2023-26 Business Plan Broadway will seek lo secure public, private and partnership funding lo achieve our 9oal of ￿Ing the g(>lo provider of film skills development. training and exhibition support in the regK)n. Broadway's 2023-26 Business Plan indudes l(ywer and higher budget proiectsons. based on the rate with which footfall increases. Monthty reviews of management accounts and profitability will enable timely action to be taken. should they be needed. including utilising reserves. to ensure Broadway's ongoing viabilty. If the higher projeetion is ach￿ved. with audiences retuming lo pre-covid levels, then the $hortf811 between income and expenditure for the charity (Nottingham Media Centre Ltd) will reduce over the 3 years, and the commercial catering subsidiary INMC Commerc￿1 Lldl will return lo greater Profitability, enabling the group's ￿ve1$ of ¢a$h in bank and free reseNes to recover and ensure tong term financial viability- li

NOTTINGHAM MEDIA CENTRE LIMITED IA company limited by guarantee and not having a sharn capital) REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2023 Icontlnued) TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS The trustees Iwho are also the directors of Nottingham Media Centre Limited for the pvrposes of company lawl are reswnsible for preparing the trustees. annual report and the financial statements in accordance with applKable law and United ￿ngdorn Accounting Standards (United Kingdom Generalty Accepted Accounting Practice). Company law require$ the twstees to prepare financial statements for each financial year. Under Company law the Iruslees must not approve the finan¢kal ststements unless they are Satisfied that they gwe a true and fair view of the slate of affairs of the charitable company and of the incoming resources and application of resources. including the income and expenditure, of the chartlable gfOUP for that period. In preparing these financial statements. the trustees are requiled lo.. select suitsble a¢￿untr"ng policies and then appty them consistenlty observe the methods and principles in the CharitEs SORP 2019 IFRS 102) make judgements and esb"mates Ihat are reasonable and prudent slate whether applieable UK a¢¢ounbng stsndards have been followed. subject to any materAI departures disclosed and explained in the financral ststements prepare the financial stslements on the goirrfJ concern basis unless il is inappropriate lo presume that the charity will continue in operation. The trustees are responsible for kee￿ng adequate accounting records that disclose with ￿asonable accUr￿Y at any lime the financial posilKJn of the charrtable company and enable them to ensure that the financial statements comply with the Companies Act 20C6. They are also responsible for safeguarding the assets of the charitable company and the group and hence for takn.ng reasonable steps for the prevention and dete¢tion of fraud arKI other irregularit*s. In so far as the trustees are aware.. there is no relevant audrl infomiatbjn of whieh the group's audrtor is unaware, and the truslees have taken all steps that they ought lo have taken lo make themselves aware of any relevant audit information and to establish that the auditr)r is aware of that information. The trustees are responsible for the maintenance and integrty of the Corporate and financial information included on the charilable company's website. Legislation in the United Kingdom governing the preparatK>n and disseminat￿ of financial ststements may differ from legisLation in other jurisd￿tiOns. 12

NOTTINGHAM MEDIA CENTRE LIMITED {A company 1Smlted by guarantee and not havlng a share capltal REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2023 (continued) AUDITORS A resolukn.on will be proposetj al the Annual General Meeting that Rogers Spencer be ￿-apPOInted as auditors lo the charity for the ensuing year. This repyt has been prepared having tsken advantage of the small compan*$ exemplton in the compan￿ Act 2006. Approved by the Board of Trustees and signed on ils behalf kew - Secretsry Dated. 13

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS of NornNGHAM MEDIA CENTRE LIMITED Opinion We have audited the financial statements of Nottingham Media Centre Limited (the 'parenl eharitable company'} and its subskjiary (the 'group') for the year ended 31 March 2023 wh￿h comprise the consolidated Slalemenl of Financial Aclivrties. the consolidated and charity Balance Sheets, the consolidated Cash Flow Statement and noles io the financial statements, including a summary of significant accounkn.ng policies. The financpl reporb.ng framework that has been applied in their preparation is applicable law and United Kingdom A¢¢ounkn"ng Standards. including Finan¢pl Reporting Standard 102 The Financial Reporting Standard appI￿a￿le in the UK and Republic of I￿land {United Kingdom Generalty Aecepted Accounting Practice). In our opinion the financial statements.. give a true arKJ fair view of the state of the grwp's and parent charitable wnpany's affairs as al 31 March 2023. and of the group's incnming resources and application of resources, including its income and expenditure. for the year then ended.. have been properly prepared in accordance with Uniled Kingdom Generally Accepted ACC￿JnI1n9 Practice., and have been prepared in accordance with the requirements of the Companies Aet 21JJ6 and the Charities Act 2011. Basis for opinion We conducted our audit in •¢cordan￿ with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the 9roup and parent charitable company in a¢¢ordan¢e with the ethical requirements that are relevant lo our audit of the financial statements in the UK. including the FRC'S Eth¢al Stsndard, and we have fulfilled our other ethical responsibilrties in accordance with these requirements. We believe that the audit evidence we have obtained is Suff￿lent and appropnate to provide a basts for our opmiion. Emphasls of matter We draw your attent￿n to note 14 in the financial statements which describes the uncertainty of the valuation of the property at the carrying value of £4.373,301. We do not modfy our opinion with regard to this matter. CoTrcluslons relating lo going ¢oncem In auditing the financial ststemenls. we have Concluded that the trustees. use of the going con¢em basis of accounting in the preparation of the ffinancial statements is appropriate. Based on the work we have performed, we have not Klentified any material uncertainties relating lo events or conditions that. individually or eollecltvely. may cast swJnifunt doubt on the group and parent Charitsble company's ability to continue as a going concem for a per￿ of al least ￿e1Ve months from when the financial statements are authorised for issue. Our responsibilils and the responsibilities of tr trustees with respect lo going concern are described in the relevant sections of Ihis reF*)rt Other inforniation The other information ¢omprtses the informatKJn included in the trustees, annual Teport. other than the financial statements and our auditor's report Ihereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial ststements does not cover the other informat￿n and. except to the extent otherwise expli¢iUy staled in our report, we do not express any fom) of assurance conclusion thereon. 14

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS of NOTTINGHAM MEDIA CENTRE LIMITED (continued) Our responsibility is lo read the other informalion and, in doing so. consmlef whether the other information is materially inconsistent wrth the financial statements or our knowledge obtained in the eouise of the audit or othernise appears lo be materially misstated. If we identify such material ineonsislencies or apparent material misstatements, we are required to determine whether this gives rise to a rrialerial misstalement in the financial statements theMSe￿e$. If. based on the work we have performed, we conclude that there is a malerial misstatement of this olher infoTmakn"on. we are required to report that We have nothing to report in regard. Opinions on other mattels prescrlbed by the Companies A¢t 2006 In our opinion, based on the work undertaken in the course of the aud the information given in the trustees. report for the financial year for which the financial statements are Pfepared is consistenl wilh the financial ststements.. and the trustees, report has been prepared in accordance wrth applicable legal requirements. Matters on whlch we are required to report by exception In the light of our knOW￿ge and understsnding of the group and parent ¢h¥itabte company and its environment obtained in the course of the audrt. we have not ￿enIffied material missLqtements in the trustees, report. We have nothing lo report in respect of the following matters in relatb)n io which the Companies Act 2006 and the Charities Act 2011 requires us lo report to you if. in our opinion.. adequate a¢¢ounling re¢ords have not been kept by the parent charIlab￿ company, or returns adequate for our audit have not been recewed from branches not visited by us.. or the parent charitable company's financial ststements are not in agreement wrth the accounting records and re￿rnS,. or certain disclosures of trustees. remuneral￿n specified by la4¥ are not made" or we have not received all the information and explanations we requiie for audit.. or the trustees were not ents.tted to prepare the financial statemenls in accordance with the small ¢ompanEs' regime. Responsibilities of INstees As explained more fulty in the trustee5' responsibilrties statemenL set out within the Rewrt of the Board of TrLbStee$, Ihe trustees {who are also the directors of the charitable company for the purposes of company law} are responsible for the preparation of the ffinancial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparab.on of financial statements that are free from material misstatement. whether due to fraud or error. In preparing the financial statements. the trustees are responsibbe for assessing the group and pa￿nI charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounts.ng unless the trustees either intend to liquidate the group or the parent Charitab￿ Company or to cease operat￿n$. or have no realistic alternative bul to do so. Audito￿$ responsibililies for Ihe audit ol the financial statements We have been appointed audrtoi under the Cornpan￿ Act 20[￿ and sectson 151 of the Charities Act 2011 and report in accordance wrth those Acts. 15

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS of NOTTINGHAM MEDIA CENTRE LIMITED (continued) Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misststement, whelher due to fraud or error, and to issue an auditor's re￿rt that in¢ludes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordance wrth ISAS IUKI will always dete¢t a material misstatement when it exists. Misslatemenls can arise from fraud or error and are ¢onsKlered material if. indwidually or in the aggfegale, they could reasonabty be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design procedure$ in line with our respK)nsibili1￿. outlined above. to delect material misststemenls in respe¢l of irregularities. including fraud. The extent lo which our prccedures are capable of detecting irregularities, including fraud is detailed below. The extent to which the audit wa$ considered capable of detecting irregularities including fraud Our approach io idenbfying and assessing the risk of material misststement in respect of irregularities. including fraud and non-compliance with laws and regulations. was as follows.. The engagement partner ensured that the engagement team Co1￿￿"Ve￿ had the appropriate ompetenee, eapabiltties and skills to identify or recognise non-compliance with applicable laws and regulatsons". We identified the laws and regulations applicable to the grovp through discussions with trustees and other management, and from our knowledge and expenence of the charity sector and granl providers., We focused on specific laws and regulations which we considered may have a direcl material effect on the finan¢ial slalemenls or the operations of the group, including the Companies Act 2006, Charities Act 2011, laxalion legislats.on and data protectr)n. ￿ti-brlbery, employment. environmental and health and safety legislats'on." We assessed the extent of compliance wrth the laws and regulab"on5 idenlthed above through making enquiries of management and inspecting legal correspondence.. and 1denh.fied laws and regulations We￿ Communicated within the audit team regularty and the team remained alert to instances of non-compliance throughout the audrt. We assessed the susceptibility of the group's financial statements to material mi5Statement, including obtaining an understanding of h¢￿ fraud moht cwir. by." Making enquiries of management as io where they considered there was susceptsbility to fraud, their knowledge of xtual, suspected and alleged fraud: COnS￿ering the intemal contrds in place to mitKJate risks of fraud and non-compliance with laws and regulations". and Understanding the desNJn of the group's remuneration FO1￿leS. To address the risk of fraud through mana9ement bias and overrKle ofcontrols. we.. Performed analytical prctedures to idenlfy any unusual or unexpected relalionships.. Tested ioumal entries to Klentify unusual transackn"on5", Assessed whether judgements and assumpb.ons made in detemiining the accounling estimates set out in nole 2 were indutive of potential bias" and Investigated the rationale behind significant or unusual transactK>ns. 16

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS of NOTTINGHAM MEDIA CENTRE LIMITED Icontlnued) In fesponse to the risk of irregularib.es and non-compliance with laws and regulatKJns. we designed pfocedures which included. bul were not limited to.. Agreeing financial statement disclosures to undertying supporting docuMentat￿)n- Reading the minutes of meetings of those charged with govemance., Enquiring of management as lo actual and potential Irtvjat￿n and claims.. and Reviewing correspondence wrth HMRC, relevant regulaiors and the company's legal advisors. There are inherent limitst￿n$ in our audrt pr¢xedures de5¢ribed above. The more removed that laws and regulations are from finan¢ial Iransa¢tM)ns. the less likely it is that we wouw become aware of non- compliance. Auditing slandards also limit the audit prccedures required lo identify non-compl¢ance wilh laws and regulatK)ns to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence. rf any. Material misstslemenls that arise due lo fraud can be harder to detect than those that arise from error as they may invO￿e deliberate ¢on¢ealment or ¢ollusk)n. A further description of our resFxMsibililies for the" audit of the financial ststements is located on the Financial Reporting Covncil's website al wwhv_frc_org_uklauditorsresponsibilities. This description forms part of our auditor's report. Use of our report This feport is made soldy to the charitable company's trustees. as a bcxly, in accordance with Chapter 3 of Part 16 of the Companies Ad 20C6 and to the charitable company's trustees, as a body. in accordance with Part 4 of the Charities (Aecounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might stale to the charitable company s trustees those matters we are required lo stale lo them in an audiloff s report and for no other purpose. To the fUl￿st exlenl pemitted by law. we do not accept or assume responsibility lo anyone other than the charitable company and the charrtable Company's trustees as a body, lor audit work, for this report. or for the opinions we have formed. Melvln Bailey FCCA DChA (Senior Ststutory Auditor) For and on behalf of Rogers Spencer Chartered Certified Accountants Statutory Auditor Newstead House Pelham Road Nottingham NG5 1AP Rogers Spen¢er is el￿1b￿ to aet as an audiior in terms of section 1212 of the Companies Act 20C6. 17

NOThINGHAM MEDIA CENTRE LIMITED CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES Ilncorporating an Income and Expenditure A¢¢ounti FOR THE YEAR ENDED 31 MARCH 2023 Current Year Unrestricted Funds Restri¢ted Funds Total 2023 Total 2022 Notes INCOME: Donations 2nd legaaes 158.580 158,580 669,556 Income from other trading aetlvlties: Shop sales Brochure advertising Commercial trading operatr.ons 30.366 30,366 13,451 898.187 928,553 898.187 928.553 612,478 625,929 Investment Income 5.211 5,211 96 Income from charitable activities: Operation of the media centre Grants relating to the operation of the media centre 1.290.439 48.815 1.339.254 915.436 287.745 1578 184 656.713 705 528 944,458 2283 712 795,522 1 710958 TOTAL INCOME EXPENDITURE: Cost of roi$ing funds". Shop cost of sales Brochure prcxyuction, website and marketing Commercial trading operations 12,764 12.764 7.778 49,511 761,707 823,982 49.511 761,707 823,982 50,194 628,650 686.622 Charltable actlvltles Operation of media cenlre 1,962,434 991,045 2,953,479 2,500,580 TOTAL EXPENDITURE Nel lexpenditure}Iincome before transfers Gross transfers between funds (115.8881 (285,517) 1401,4051 1180,663 Net movement of funds in year 1115.888) (285,5171 1401,4051 1180,6631 RECONCILIATION OF FUNOS Total fvnd$ brought forward 1.219.181 4,730.994 5,950,175 6.130,838 Total funds carried forward The Statement of financial activities includes am gains and losses recognised in the year. All incoming resources and resources expended derive from contsnuing activit￿. The notes on pages 24 to 38 fomi part of these financBJ statements. 18

NOTTINGHAM MEDIA CENTRE LIMITED CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an In¢ome and Expendilure Account} FOR THE YEAR ENDED 31 MARCH 2023 Prlor Year Notes Unrestricted Funds Restricled Funds Total 2022 Total 2021 INCOME: Donations and legacies 669.556 669,556 1.269.601 Income from olher trading activities: Shop sales Brochure advertising Commer¢ial trading operations 13.451 13.451 797 612.478 625.929 612,478 625,929 5.309 6,106 Investment Income 96 968 In¢om• from eharitable activities: Operation of the media centre Grants relating to the Operat￿ of the media centre 873.929 41.507 915.436 157,452 252.371 1 126 300 543.1 $1 584 658 795,522 1710958 1,280,433 1437 885 TOTAL INCOME EXPENDITURE: Cost of raising funds: Shop cost of sales Brochure production. websrte and marketing Commercial trading operabons 7.778 7.778 1,077 50.194 628,650 686,622 50.194 628,650 686.622 29,121 404,330 434,528 Charitable activities Operation of media centre 1.685.815 814.765 2.500.580 1,886,874 TOTAL EXPENDrruRE Nel (expendilureyincome before transfers Gross transfers betsveen funds 49.444 (230,107} (180,6631 393.158 Net movement of funds in year 49.444 (230.107> {180.663} 393,158 RECONCILIATION OF FUNDS Total funds brought forward 1.169.737 4.961.101 6.130,838 5,737.680 Total funds carried forward The stslemenl of financial activities includes all gains arKI tosses recognised in the year. All incoming resources and resources expended derive from contsnuing acts"vilies. The notes on pages 24 to 38 form part of these financial ststements. 19

NOTTINGHAM MEDIA CENTRE LIMITED (A Gompany limited by guarantee and not having a share capital) CONSOLIDATED AND PARENT COMPANY STATEMENTS OF FINANCIAL POSITION AS AT 31 MARCH 2023 Group Company 2023 2023 2022 2022 Note Fixod assets Tangible assets Investments 14 1S 5,Ch84.591 5,386.602 5.054,044 100 5.373,990 100 S.CI84.591 5 386.602 5.054,144 5,374,090 Current assets Stock for resale Debtor$ Cash at bank and in hand 15,174 1CE.698 1.059.918 10,417 98.007 1.270.148 1,454 269,083 813299 109 182,768 1 163663 16 1,181.790 1,378.572 1.083,836 1.346,540 Credltors: Amounts falling due within one year 17 564.009 657.740 467.505 575,533 Net current assets 617781 720 832 616 331 Total assetlgss current liabilities 5.682.372 6.107.434 5.670.475 6,145,097 Credltors Amount falling due after mo than one year 18 133.602 157.259 121.705 141 991 Net Ass•ts 5 548 770 5950 175 5 548 770 6.003,106 Funds: Unrestrltted funds 1.103.293 1.219.181 1,103,293 1,272.112 Restrlcted funds 4,445.477 4 730.994 4 445 477 4 730.994 5.548.770 5.950.175 5 548 770 6.003,106 The notes of pages 24 to 38 form part of these financial statements. 20

NorriNGHAM MEDIA CENTRE LIMITED (A company limited by guarantee and not having a share capilal} CONSOLIDATED AND PARENT COMPANY STATEMENTS OF FINANCIAL POSITION AS AT 31 MARCH 2023 (continued) As permitted by s408 of the Companies Act 2006. the parent charitable company has not presented its own slaternent of finan¢ial aetlvrt￿S and related notes. The parent charitable company's deficit for Ihe year was £168,81912022.. £9,546 surplus). These financial statements have been prepared in accordance with the pr¢)visions appI￿able to Companies subject to the small companies re9ime. These financial statements were approved by the dire¢tors on ......... their behalf by.. .and s￿ned on P Southby- Director The notes of pages 24 to 38 form part of these financ￿4 ststements. 21

NOThNGHAM MEDIA CENTRE LIMITED IA company limiled by guarantee and not having a share ¢apitall CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2023 Notes 2023 2022 Cash flows from operating actlvltles (169.0431 353.636 Cosh flows from Investlng actlvitles Interest incomellexFenditurel Purchase of tangible fixed assets (3.419) 15,7081 100492 Cash US￿ in investing actlvities 15.149 106.200 Cash flows frorTr finaneial a¢tivities New loans Repayment of Borr¢Jwing 40.000 Cash used in financing adivitsgs 19,584 {Decrea8eylncrease in cash and cash equivalents. (210,2301 267.020 Cash and cash equivalents at 1 April 2022 1270 148 1￿3126 Total cash and cash equivalents at 31 March 2023 1059918 1 270 148 The notes of pages 24 to 38 fomi part of these finawal statements. 22

NOTTINGHAM MEDIA CENTRE LIMITED IA ¢ompany limited by guarnntee and not having a share capitall NOTES TO THE CONSOLIDATEO FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 1. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NE[ CASH FROM OPERATING ACTIVITIES 2023 2022 Net incomellexpenditurel for the year before interest eive¢J and pa (397.9861 1190,4971 Depreciation charges 333,741 370,475 Loss on disposal of tangible fixed assets 672 (In¢reasellde¢rease in 5tock5 13191 (3.9021 (Increase)Idecrease in deblors. 113,1291 122,049 Increaselldecreasel in ¢reditOTS 91.350 Net cash inflowl{outflow) from operating activitses 2. CASH AND CASH EQUIVALENTS Year ended 31 March 2023 31 March 2023 31 Alarch 2022 Cash and cash equivalents 1059 918 1059918 Year ended 31 March 2022 31 March 2022 31 March 2021 Cash and cash equivalents 1.270, 148 1003 128 1 270,148 1.003,128 3. ANALYSIS OF CHANGES IN NET DEBT Brought forward Carried forward Cash-flows Cash at bank and in hand Borrowings 1.270,148 181.616 1210.230} 21.276 1.059.918 160.340 1.088,532 188,954 899.578 The notes of pages 24 to 38 form part of these firtancial stalen￿nts. 23

NOTTINGHAM MEDIA CENTRE LIMITED IA company limited by guarantee and not having a share capltal) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 STATUTORY INFORMATION Nottingham Media Centre Limited is a yNate company, limrted by guarantee registered in England and Wales. The Company's registered number and registered Off￿ address can be found in the Stslutory Info{mat￿n on page 2. ACCOUNTING POLICIES The principal accounting poI￿leS adopted. judgements and key sources of estimalion uncertainty in the weparation of the finaroal ststements are as follThvs'. Basis of Preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Re¢ommended Practs"¢e applicab￿ to charit￿S preparing their accounts in a¢¢ordance with the Financial Repo￿"ng Standard applicable in the UK and Republic of Ireland issued in October 2019. the Financral Repotting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Charities Act 2011. the Companies Act 2006 and UK Genera15y Accepted Accounts"ng Pracb"ce. Nottingham Media Centre Limrted consb"lutes a Publ￿ benefft entity as defined by FRS 102. The financial statements are prepared in sterling which is the functional currency of the chanty and rounded to the nearest £. Assets and liabilitie5 are initially recognised at h￿tOr￿1 cost or transaction value unless otherwise staled in the relevant accounting note. Basls ol Consolidation The financial statements consolidate the Tesutts of the Charitab￿ company and its wholly owned SubS￿lary NMC Commercial Ltd on a line by line basis. The registered office of the subsidiary company is the same as Nottingham Media Centre Ltd. Going concern Broadway Cinema, represented by Nottingham Media Centre Ltd, is navigating a challenging trading environment. which has led to a reducts.on in unrestricted reserves by £1.219.181 to £1, 103,293. Despite this, the organisation remains committed to rts goal of financial sustainability and has implemented robust financial systems. The management team revws monthly and the Board of Trustees quarterly against the budget. tsking necessary actK)ns as required. Moreover. Broadway has received various sources of income, including cinema ix)x office admission charges, cafè bar sales, grant fvnding, and Publ￿ donat]ons through rts philanthropK fvndraising scheme. Looking ahead. Broadway has set a king-tem target to recover from the impxt of the COVKI pandemic, aiming for free reserves equivalent to 12 weeks of turnover. Although there are uncertainties about the pace of recovery in customer numters. Broa¢tsay Cinema's pnjdent investment and reserves polt¢y, along with its commrtment to achEving fmancial sustainability. indieate ts determinatKJn to weather Ihe challenges ahead_ Furthermore, there is evidence of the enduring appeal of cinema. as demonstrated by strong performance in July 2023 wrth the $uc¢es5 of films like Barb￿ and Oppenheimer. This illustrates that when the right filrns are released. the appeal of cinema endures, offering a ray of hope for Broadway'5 future prospects. The organisab"on's ability to adapt to changing market dynamics. Coupled with a proactive approach to financial managernent, makes rt reasonable to believe that Broadway Cinema will wnlinue to operate suc¢essfvlly as a going concern. th a proactive approach to financial management and recent positive perfomian¢e indieators, including the success of certain movie releases. Broadway Cinema's Board of Trustees reasonably expects the organisabon to continue ils operat￿nal existence for the foreseeable future, thus adoptsng the going concem basis of accounb'ng in preparing its financial ststements. 24

NOTTINGHAM MEDIA CENTRE LIMITED IA company limited by guarantee and not having a share capital) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 ACCOUNTING POLICIES ICONTINUEDI Income Income is recognised when the charitable company has enliuement to the frjnds, any performance conditions allached lo the items of income have teen met. it is probable that the income will be received and the amount can be measured reliabty. Income from govemment and othef grants. whether 'capitaf grants or 're¥enue' grants. is recognised when the charf(able company has entit￿ment to the funds. any performan¢e Conditions attached to the grants have been met. rt is probable that the income will be recerved and the amount can be measured reliabty and is not deferred. Donated Ser¥lces and facilities Donated professional services and donated facilit￿S are recognised as income when the charitable company has control over the item, any conditions associated wrth the donated item have been met, the receipt of economic benefit from the use by the charitable company of the item 15 probable and that economic benefit can be measured reliably_ In accordance wilh the Charities SORP IFRS 1021. the general volunteer time of the Friends is not reco9nised and refer to the trustees, annual report for more infomiation atx)ut their contribution. On receipt, donated professtonal services and donated facilities are recognised on the basis . of the value of the gift to the charitable company wh￿h is the amount the charitable company would have been willing to pay to obtsin ser¥￿eS or facilrt]"es of equivalent economic benefit on the open market.. a cOrresk￿dIng amount is then recognised in expenditure in the penod of receipt. Interest receivable Interest on fvnds hekl on deposit is included when receivable and the amount can be measured liably by the Charrtable ¢ompany,' thi5 is normally upon nots"ficats'on of the interest paid or payable by the Bank. Resources expended Expendrture is recognised once Iheie is a legal or constructs.ve obligation lo make a payment to a third paty, il is probable that setdement will be required and the amount of the obligation can be measured relhabty. Expenditufe is classthed under the foll(Ming heading. Cost5 of raising funds are those costs incurred in attracting voluntary income and those incurred in trading acbvitts that raise furKIs. Charitable a¢tNities in¢lude expendrture ass¢xialed wrth the stsgiThJ of the film programme. media events and educational programmes and include both the direct ￿$ts and support costs relating lo these aclivities. Allocatlon of support costs Support costs are those funct￿nS that assist Ihe work of the charrtable company bul do not directty undertake charitable &tivib"es. Support costs indude central functions and premises costs and have been allocated to activty . Cost ealegories on a basis consistent wrth the use of resour￿, which are e$ts"maled as bw"ng'. film programme 60%, and medka events and edUCat￿n 40%. Fund accounting Unrestricted funds are available to use lo fijrther any of the purposes of the charitable company. Designated funds are unrestricted funds of the charitable ¢￿panY wh￿h have been set aside to fund particular future acti¥ities of the ch￿"ta￿ company. 25

NOTTINGHAM MEDIA CENTRE LIMITED IA company limited by guarantee and nol having a share capital) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 ACCOUNTING POLICIES ICONTINUED) Fund accountlng Icontlnued) Restricted funds are donated for pathular areas of th8 charitable company's work or specffj￿ projects undertaken. Flxed assets Fixed assets are included in the balance sheet at cost less accumulated depreciation. Depreciation is provided to wrrte off the cost of fixed assets over their esbmated useful lives at the following rates Fer annum." Buildings 2% straight line Fixtures & fittings 10% and 20% on reducing baLince Equipment 20% and 25% on reducing balance Individual assets costing less th￿ £500 are not usually caprtalised. Investments Investments in subsidiaries are measured at cost kss impaimient Stock Stock for resak is valued at the kwer of Cost and net realisable value. Debto Trade and other debtors are recognised at ihe settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in han Cash at bank and ￿$h in hand includes ¢ash and short temi highly liquid investments with a short maturty of three months or less from the date of acquisit￿n or opening of the deposrt or simiLar account. Creditors and provislons Creditors and provisions are recognised where the Charitab￿ company has a present obligation resulting from a past event Ihal will probably result in the Iransfer of funds to third party and the amounl due lo settle Ihe obligation can be measured or e51irnaled reliabty. Credrtors and provisions are nomialty recognised at th&r settlement amount after allowing for any trade discounts due. Leases Rentals PaYa￿e undef operating leases are charged to the SOFA on a strahjhl line basis over the period of the lease. Employe• ￿nefIts The charty operates a defined contributK)n plan for the benefft of rt5 employees. Conlribulions are expensed as Ihey become payable. Judgements and key sources of estimatlon uncertalnty In the application of the charitable company's accounting poI￿les. the director is required lo make judgements. estimates and assumpts.ons atout the carryin9 amount of assets and liabilities that are not readily apparent from other sources. The ests"mates and assoctaled assumptions are based on historical experEnce and other fxtors that are consKJered to be relevant. Actual results may differ from these estifflates. 26

NOTTINGHAM MEDIA CENTRE LIMITED IA company limited by guarantee and not having a Sha￿ ¢apitsll NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 ACCOUNTING POLICIES (CONTINUED} The estimates and undertying a55umpb.ons are revithed on an ongoing basis. Revisions to accounting eslimales are recognised in the period in which the estimate is revised where the revision affects onty that Fertij. or in Ihe period of the revision and future periods where the revision affects both current and future pericxjs. INCOhlE FROM DONATIONS ANO LEGACIES Tolal Funds 2023 Total Funds 2022 Unrestri¢ted Funds Restricted Funds Donations Grants Receivable.. BFI Audience Fund Europa Cinemas CJRS Grant Covid 19 Grants 8.580 8,580 15.647 1SO,000 150,000 150.OCW) 62.434 441.475 158 580 669,556 Total Funds 2022 Totsl Funds 2021 Unrestr￿ted Funds Restricled Funds Donations Grants Re¢eiv BFI Audience Fund CJRS Grant Covid 19 Grants 15,647 15.647 19.767 150,000 62,434 441,475 150.000 62.434 441,475 150,000 624,419 475 415 669,556 669.556 1,269,601 INVESTMENT INCOME All of the group's investment income of £5.211 {2022." £961 *ises from money held in interest bearing deF4)Sit accounts. 27

NOTTINGHAM MEDIA CENTRE LIMITED {A company Ilmited by guarantee and fiot having a share ¢apltal} NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 6. INCOMING RESOURCES FROM CHARITABLE ACTIVITIES Op•ration of the Media Centre Total Funds 2023 Total Funds 2022 Unrestricted Funds Restricted Funds Box Office adrniss￿n charges Events Room hire and Tents Screen advertJ"sing Other income 794,827 304.911 135.168 55.324 209 794,827 353.726 135.168 55.324 209 554.212 280,204 62,475 18.486 59 48.815 48.815 1.339.254 915,436 Totsl Funds 2022 Total Funds 2021 Unreslricled Fund5 Restricted Funds Box Office admission charges Events Room hire and rents Screen adverh'sing Other income 554.212 238.697 62,475 18,486 59 554,212 280,204 62,475 18,486 59 44,454 109,985 279 2,881 147 41.507 873,929 41,507 915.436 157,452 Grants relating lo Ihe operation of the Media Centre Total Funds 2023 Total Funds 2022 Unrestricted Funds Restricted Funds Art$ Council of England - Caprtal Arts Council of England- NPO BFI - Film HUB Midlands BFI - C-Fan Major Pr&Jramrr Foreshadow Film Fund Nottingham City Cosjncil Others 65,991 100,071 373,904 246,515 1.370 7.271 400 109,849 94.432 73.788 109,849 360,748 462,484 1.701 266.316 388.696 1.701 9.676 9.676 656,713 944,458 795.522 Total Funds 2022 Total Funds 2021 Unrestricted Funds Restricted Funds Arts Council of England- Capital Arts Council of England - NPO BFI Film HUB Midlands BFI C-Fan Major Prograrnme Foreshadow Film Fund Nottingham Cty Council- N2EG Others 65.991 65.991 100,071 373.904 246.515 1.370 7.271 400 578,717 99,939 390,413 187,077 6,721 16.550 1.016 100.071 88,572 63.328 285,332 183,187 1.370 7.271 400 252.371 543,151 795.522 1.280.433 28

NOThINGHAM MEDIA CENTRE LIMITED (A company limited by guarantee and not having a share capStal NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ANALYSIS OF SUPPORT FOR CHARITABLE ACTMTIES The ¢harity allocates its support costs as shown in the table below and then fvrther apportions those Costs betsveen the ¢haritable aCbvIt￿ undertaken {see note 71. Support costs are allocated on a basis ¢onsistent with the use of resources which is currenlty 60.'40 in favour of film prcgramme. OperatSon of Media Centre Total 2023 Total 2022 Governance Staff Costs Recruitment Depreciation Licenses and subscriptions Consultants arKI professional fees Audit and Accountsncy fees Bank ¢harges Bank loan inte￿t Office costs Other costs 359,093 16,473 330,478 16,794 48.967 408.060 16.473 330.478 16,794 2,713 9.702 14,834 7,990 373.608 10.442 366,353 10,659 1,413 11,725 15,610 5.463 8,736 2.713 9.702 14.834 7.990 8,438 19.782 835,351 811,805 Operab'on of med￿ Centre Total 2022 Totsl 2021 Governance Staff Costs Recruilmenl Depreciation Licenses and subscriptions Consultants and Pfofessional fees Audit and Accountancy fees Bank chaTge$ Bank loan interest Office costs Other costs 328.775 10.442 3e6,353 10,659 44,833 373,608 10,442 366,353 10,659 1,413 11,725 15,610 5,463 8,736 7,796 392,998 343 268,460 4,701 3.500 8,800 5,271 4,711 7,921 13,716 1.413 11.725 15.610 5.463 8,736 738.224 811 805 710.421 7. ANAL YSIS OF EXPENDITURE ON CHARITABLE ACTMTIES Media Events & Education Film Programme 2023 2022 Film hire and carriage Front of house costs Projection and front of house w4es Media events and edu¢akn"on Premises costs Support costs Other expenditure 284,239 19.317 336.180 284.239 19,317 336,180 1.213,430 264,962 759,048 76.303 233,129 19,488 287,089 918,944 230,125 738,224 73,581 1.213,430 105.985 303.619 158,9TI 455,429 45.782 1299 924 2 953 479 2 $00 580 Of which.. Unrestricted funds Restricted funds 1,131.373 168 551 831,061 1.962.434 1,685.815 814 765 1.299.924 2 953,479 2 500 580

NOThINGHAM MEDIA CENTRE LIMITED (A company limited by guarantee and not havlng a share capltal) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 7. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTMTIES {¢ontinued} Media Events & Educalion Film Projramff 2022 2021 Film hire and carriage Front of house costs Projection and front of house wages Media events and edu&qtion Premises Costs Support costs Other expenditure 233.129 19.488 287,089 233,129 19,488 287,089 918.944 230.125 738,224 73,581 9,834 16,084 262,941 764,512 123,082 645,690 918.944 92.050 295.290 29.432 138.075 442,934 44,149 1,164,864 1.335.716 2.500.580 1886,874 Of which Unrestricted funds RestrKted fvnds 982,021 182 843 703.794 631 922 1.685.815 814 765 1.231,070 655 804 1,164,864 1.335 716 2,500 580 1.886,874 8. INCOME EARNED FROM OTHER ACTIVITIES The chafitsble company has a wholty owned trading subsidiary NMC Crynmercial Ltd {company number 06372815), wh￿h is incorporated in England and Wales NMC Commercial Ltd pays all of its profits to the charity by gift aid. On 1 Oeiober 2007. NMC Commercial Ltd took over the operation of the cafe bar al Nottingham Media Centre Limrted's premises. The charitable company owns the entire share capitsl of 100 ordinary shares of £1 each. A summary of the trading results is shown belthy". 2023 2022 Tumover Grants recewable Intefest receivable Cost of sales and administration Costs 898.187 612.478 832 1761,7071 1628.6501 137.312 {84.3811 39,898 Amount grft aKled io parent ¢ompary Retained in subsidiwy S2,931 39,898 30

NOTTINGHAM MEDIA CENTRE LIMITED IA ¢ompany limited by guarantee and not having a share ¢apttal) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 INCOME EARNED FROM OTHER ACTMTIES (Continued) The assets and I￿t￿lItIeS of the subsidiary were.. 2023 2022 Fixed assets Current assets Current liabilities Non-current liabilities 10.547 265,825 (264,375) (11,897) 12.612 126.501 {192,218} {15,268) Net assetsllliabiliknes) 11X) {68.3731 During the year the charitable company charged NMC Commercial Ltd a rental of £nil12022." £nil) and a service charge of £nil12022." £nill and made Purchases amounting to £nil {2022.' £nill. NET INCOMING RESOURCES FOR THE YEAR This is stated after charying: 2023 2022 Depreciali Auditor's remuneration Audil services Accounting Serv￿ Other seN￿S Loan Interest 333.740 370,475 9,330 3.110 1,250 8,630 9,250 3,350 2,600 5,804 10. AUDITOR'S REMUNERATION The auditor's remunerats.on amounts to an audit fee of £9,33012022". £9,250), accounting services of £3.11012022.. £3,350) and other services totalling £1.25012022. £2.600). 11. STAFF COSTS AND KEY IAANAGEMENT PERSONNEL Staff costs were as follows: 2023 2022 Salaries and wages Socpl security costs Pension Costs 1,301,371 107,166 26.228 1,168,892 91.807 23,358 1.434.765 1,284,057 Total redundancy payments includ&J atx)ve amounted to £nil12022.' £nil). 31

NOTTINGHAM MEDIA CENTRE LIMITED (A company limited by guarantee and not havlng a share capital) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 11. STAFF COSTS AND KEY MANAGEMENT PERSONNEL {CONTINUED) The number of employees whose emduments fell wrthin the foll(Aving bands. 2023 2022 £60.000-£69,999 The average weekty number of etnployee5 during the year, was as follows.. 2023 2022 Programme and events Support to ¢harilable activities and govemance Café bar 31 26 26 61 The key management personnel of the parent charitable company comprises the Chief Executive, Programme Directof, t)evelopment Dwector, Marketing & commun￿0￿"0ns Director, Finance Manager and Film Hub M￿landS Manager. The totsl employee benefits of the key personnel of the charity were £259.18412022.' £249.3561. The key management personnel of the group ¢omprise of those of the parent charitable company and the key management personnel of rts subsidiary, NMC Commercial Ltd. whose employee benefits total £41,68012022.' £40,669). The employee benefits of key managemenl personnel for the group was therefore £300.86412022: £290,026) None of the trustees lor any persons connected with them) receNed any remuneratwjn during the current or previous year. Expenses lotalling £17 was rwmbur5ement tt> one trustee during Ihe year12022.' £nil). 12. PENSIONS The charity operates a defined eontnbukn.on pension plan for rts employees. The amount recojnised as an expense in the perN)d was £26.22812022." £23,358). 13. INDIVIDUAL STATEMENT OF FINANCIAL ACTIVITY As permitted by Section 408 of the Companies Act 20(￿. the Ststement of Financial Activity is not presented as part of these financial slatemenls. 32

NOTTINGHAM MEDiA CENTRE LIMITED IA company Ilmited by guaran1¢¢ and not having a share capltal) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 14. TANGIBLE FIXED ASSETS Group Fixtures Assets in Course of Construction Freehold Premises Equipment Fittings £ Total COST Al 1 April 2022 Addits'ons Disposals 8.938.050 937.672 1.627.341 5.286 11,503,063 11,730 At 31 March 2023 8.938.050 944.116 1632 627 11,514,793 DEPRECIATION At 1 April 2022 Provided in year Eliminated on distM)sal Impaimlent 4,391.488 173.261 776.$80 29.992 948,393 130.488 6,116.461 333,741 At 31 March 2023 4.564.749 1.078.881 6 450 202 NET 800K VALUE Al 31 hlarch 2023 4.373.301 137.544 553.746 5 064 $91 Al 31 March 2022 161092 5,386 602 Company Fixtures Assets In Course of Constructlon Freehold Premises Equipment Flttings Totsl COST Al 1 April 2022 Addits'ons Disposals 8.938,OSO 869,989 1,64S,259 4,088 11,453.298 10.532 At 31 March 2023 11463.830 DEPRECIATION At 1 April 2022 Provided in year Eliminated on disFosal Impairment 4,391,488 173.261 729,151 29.992 958,669 127,226 6.079,308 330,478 At 31 March 2023 759 143 1085 895 6 409 786 NET BOOK VALUE At 31 March 2023 4 373.301 117.290 563.452 At 31 March 2022 4.546.562 140,838 686.590 5 373 990 33

NO￿INGHAm MEDIA CENTRE LIMITED . (A company limited by guarantee and not having a share capital) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 14. TANGIBLE FIXED ASSETS ICONTINUEDI Included in the cost of freehold wemise5 is freehokl land of £275.000 {2022'. £275.0001 which is noi depreciated. Tangible fixed assets with a ¢arrying value of £4,373.301 (2022.. £4,546,562) are pledge as security for the gioup's borrowing fa¢ilitbes. On 10 May 2018. a valuat￿n of the group's property was undertaken by Christie & Co which reflects its value as a fully equipped trading entity, havin9 taken into account the non-commercial aspect of the charitable company. The directors made the decision to reflect a valuation in the financial statements of the group for the year ended 31 March 2018 01 £5.2m. being the Directors assessment of fair value. The Directors have carried out a review of the ValUat￿n in 2018 to support ltte carrying value of £4,373,301. This assurnes that the level of Ineome will retum to p￿¥thIS kvels but in the current climale there is uncertainty about when this will happen. 15. FIXED ASSET INVESTMENTS The charity ha5 the following wholty owned subsKliary Group 2023 Company 2023 2022 2022 Shares in group undertakings 100 100 16. DEBTORS Group 2023 Company 2023 2022 2022 Trade debtors Other debtors Prepayments Amounts owed by subsidiary 73,741 22.406 40,795 34,806 73,741 80,118 31.734 22.406 40.795 25.098 32.957 106.698 98.007 269.083 182.768 17. CREDITORS: AMOUNTS FALLING DUE W￿H1N ONE YEAR Group 2023 Company 2023 2022 2022 Bank loans and overdrafts (note 19) Trade creditors Amount5 due lo subsidiary Taxation and social security Other creditors Deferred income (note 21) Accruals 26.738 130,154 24.357 132,832 23.084 103,750 21.076 104,560 79.941 133.909 62.331 130.936 45.633 131.498 165.324 158.096 37,062 133.909 62.331 107.369 19,191 131,498 165,324 133,884 657.740 575 533 18. CREDITORS: AMOUNTS FALLING AFTER MORE THAN ONE YEAR Group 2023 Company 2023 2022 2022 Bank loan5 and overdrafts (note 19) 133.602 157.259 .121.705 141.991 34

NOTTINGHAM MEDIA CENTRE LIMITED (A company limited by guarantee and not having a share capital) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 19. LOANS An analysis of the maturrty of loans is given below". Group 2023 Company 2023 2022 2022 Bank Loans.. Amounts falling due within one year Amounts falling due after one year 26.738 133.602 24.357 157.259 23.084 121.705 21.076 141.991 Amounts included above wh￿tt fall due after five years.. Payable by instalments 51,224 The bank loans are secured by a charge ￿eT the assets ofthe group. 20. SECURED DEBTS The following secured debts a￿ in¢l￿jed wilhin creditors.. Group 2023 Company 2023 2022 2022 Bank bans 160,340 181,616 144,789 163.067 The group's bank reserves the nght to set off and holds first and third legal Charges and a debenture over the freehold premises of the company. 21. DEFERRED INCOME Ifi¢lL￿ed wilhin creditors is £62.331 of deferred Ir￿rne. The movement can be analysed as follows.. Group Company 2023 2023 Bal￿￿ at 1 April Amount defefred in the year Amount released in the year 165.324 1.082,096 1 185 089 165,324 1.082.096 1.185.089 Balance at 31 March 22. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestri¢ted Restricted Funds Funds 2023 2023 Unrestricted Restn"cted Funds Funds 2022 2022 Total 2023 Total 2022 Tangible fixed assets Nel current assets Lon9 temi liabilrties 737.865 499.030 (133.6021 4.326.726 5.064.591 118.751 617.781 1133.6021 778.958 4,607,644 5.386,602 597,482 123,350 720,832 {157,259} (157,2591 Totsl 1103 293 4 445 477 5 548 770 1.219,181 4 730 994 5,950 175 The group's bank reserves the right lo set off and holds first and third legal charges a debenture over the freehold premises of the Company. 35

NOTTINGHAM MEDIA CENTRE LIMITED IA company limited by guarantee and not havlng a share capital) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 23. ANALYSIS OF AK)VEMENTS IN FUNDS Analysis of movements in unreslrlcted funds At Incoming 01104122 Resources Resources oxpended Al 31103123 Transfers General fund Des naled funds: Development fund Capital Build furKI Beyond the Reel fvnd 1.109.797 2.661.199 12.784.873) 986, 123 42.350 16,937 50.097 42,350 17,437 57.383 8.829 (1.543) 1.219.181 2.670.528 2.786.416 1,103,293 Al 01104121 Incoming Resources Resources expended At 31103122 Transfers General fund Desi naled fvnds.. Deveknpmenl fund Capitsl Build fund Beyond the Red fijnd 1.072.750 2.409,389 (2.372.342) 1.109.797 42,350 15.937 38.700 42,350 16.937 50.097 11.492 1951 1.169.737 2.421.881 2.372.437 1.219.181 General fund The free reserves after allowing for all designaled funds. D•v•lopm¢nt fvnd Oesonated fund to finance future technokngKal advancements in infrastnjcture. C•pitsl Build Match fund This fund was created by selling off old pre-refurbishment seats from screens 1 and 3 and also allowing people lo dedicate the new seals lo ftiends and famity- All proceeds have been designated towards the 20-21 capital project by way of match ftjnding in order lo raise income lo complete the tMJsiness and environmentally sustainable imwovements to the lyJilding. Beyond the Reel fund The purpose of this fund is to assist indNiduals to access cinema. DonatM)ns.received are intended to be an evergreen fvnd. The expenditure will change wilh the local needs of the community, bul currently comprise donab.ons of IKkels lo local filtn banks, womens refuges and the provision of travel to allow care homes to bring elderly. namely dementia sufferers into the city to experience einema. Analysls of movements In reslrlcted funds At 01104122 Incoming R¢8our¢¢s Resourcgs expended At 31103123 Transfers Foreshadow Film fvnd BFI Film Hub Midlands BFI C-Fan Major Pfog. BFI Ne￿Ork Deferred capital grants 123.350 1,701 266,315 388.696 48.816 16.3001 1266.3151 1388,6961 148,816} 1280,918) 118.751 4.607.644 4.326,726 4,730.994 705.528 991.045 36

NorriNGHAM MEDIA CENTRE LIMITED (A Company limited by guarantee and not having a share capital) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 23. ANALYSIS OF MOVEMENTS IN FUNDS Icontlnuedl AnalyslG of movements In reslrlcted funds At 01104121 Incoming Resources Resources expended At 31103122 Transfers FO￿shadoW Film fvnd BFI Film Hub Midlands BFI C-Fan Major Programme BFI Netsvork Oeferred capital grants 121,979 1.371 285.332 183.187 123,350 1285.332) 1183,187) 41.507 73.261 {41,5071 1304.739) 4.839.122 4.607,644 4.961.101 584.658 814,765 4,730,994 Foreshadow Film Fund In 2014, EM Media, the former RegKJnal Screen Agency for the East Midlands. closed for business. Part of this process was lo di$￿e of rts assets. in accordance with rts Memorandum and Articles of Association, which included those derNed from Iwo of its film investsnenl fvnds.. EMMI ERDF fund and EMMI 2 Regional Development Agency IEMDAI fund. EM Media subsequentty enlered into Deed of Assignments with Nottingham Media Centre Limited and. respectivety. the Se¢retary of Slate for Communities and Local Governmenl (for EMMI 1) an(J The Secretary of State for Business Innovation and Skills (for EMMI 2). The renamed Foreshadow Film FurKI supports single project deveh)pment of feature•bength fi¢b"on and documentary films intended for Ihealrical release. The supwrt may range from seed investment for early research through to advanced stage investment for packaging necessary to secure production finance. Broadway will also consider apptying the fund to prc#Juction finance for documentary films. since the production process can generalty be more developmental in nature and progress on small stages of finance compared to I￿tIOn films. Any hjnding would. however be considefed as a contributh'on lo a production's overall budget rather Ihan being reserved for individual parts of the production value chain. BFI Film Hub Midlands Film Hub Midlands is a driving force behind film cutture in the MKllands. By providing fijnding and training, we aim lo help more people in the region watch. make, and show films. Film has the power to bring people together. change hearts and minds, as we well as entertain and delight- this most democratic of art forms should have no barrier to enty and we are passionate about being incluswe and open to all_ The BFI Film Audience Ne￿Ork {FANI was set up in 2012. using funds from the National Lottery lo SUPFQrt a stronger and more connected approach to growing audiences for 8rrtish and international film on the big screen. Our region covers Derbyshire, Birmingham. Herefordshire, Leicestershire. Lincolnshire. Nottinghamshi￿, Northamplonshire, Rutland, Shropshire, Staffordshire. wap*￿kshITe, and Worcestershire. BFI C-Fan Major Programme Film Hub Midlands is the cross-FAN lead lor Major Programmes - a four-year. UK-WKle, film programming iniliats.ve that deliver two Nab"onal film seasons each year. one of which is led by BFI (Blockbuslefl and one which comes from within the Film Audience Ne￿Ork membership. The aims of the Major Programmes inthatwe are to" Increase audien¢e engagement with film and deepen the qualty of cultural experience Increase the confidence of FAN members to screen a wider range of ftlms Boost the engagement of audiences aged 16-30 Increase the diversity of FAN audientss Raise the profile of film as an art fomi and create a dialogue about its place in our ¢ultural life 37

NOTTINGHAM MEDIA CETrifRE LIMrrED (A company limited by guarantee and not having a share capltall NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 23. ANALYSIS OF MOVEMENTS IN FUNDS (Continued) BFI N•twork BFI Netsyork and Talent Devek)pment works within BFI Hub Midlands to support and develop the next generation of filmmakers at the start of their careers. By identifying talent to the BFI. fvrthef fvnding can available for short film and earty feature development. Deferred Capital Grants The reStr￿ted fund represents grants for cawtsl expendFture, which a￿ ￿leaSed over the expected useful life of the relevant assets. 24. CONTINGENT LIABILITIES Company Nottingham Media Centre Limited has guaranteed the bank k)an tsken out by NMC C￿merCIal Limite¢J. 25. COMMITMENTS UNDER OPERATING LEASES In November 2019 the charity entered into a 5 year lease for photocopying equipment. The annual lease osl is £928 per annum. Lease commitments Group 2023 Company 2023 2022 2022 Within one year Bet￿een tsvo to fve years 928 928 1.392 928 464 928 1,392 1.392 2,320 2,320 26. RESERVE CAPITAL The company is Limited by guarantee with no authorised or issued share eapitsl. The amounts guaranteed in the nature of reserve caprtal a￿ £5. These amounts are onty capable of being Called up for the purposes of the winding up of the company. 27. RELATED PARTY TRANSACTIONS Related party transactions in respect of NMC CommercHI Limited have been disclosed in nole 8 to the financHI statements. Paul Southby l¢hairman of the board of trustees) is a partner at Geldards LLP. During the year. professional services totslling £75012022." £1,400) were provided by Geldards LLP lo Nottingham Media Centre Limited. At 31 Mar¢h 2023 a balance of £nil (2022". £nil) 15 included in Creditors. There are no fvrther related paty transactions during the year12022: £nill. 38