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
#128

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 PrL*Jrammes 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 prov*Jing 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 responsibilil*s 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