2024-03-31-accounts

Company Number 02315936 Charlty Number 700880 NOTTINGHAM MEDIA CENTRE LIMrrED (A ¢ompany limited by guarantee and not having a share capltal) ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2024

NOThINGHAM MEDIA CENTRE LIMrfED CONTENTS Page ReFx)rt of the board of trustees {including Strategic Report) Report of the Independent Auditors 11 Consdidated Ststement of Financial Activities {Current Year) 15 Consolidated Statement of Financial Activities (Prior Year) 16 Consolidated Statement of Financial Position 17 Consolidated Cash Flow Statement 19 Notes to the Consolidated Cash Flow Statements 20 Notes to the Consolidated Financial Statements 21

NorriNGHAM MEDIA CENTRE LIMITED (A company Ilmlted by guarantee and not havlng a share capltal) REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2024 The trustees are pleased to present their annual dlrectors, report together with the consolidated financial statements of the Charity and its subsidiary for the year ending March 31, 2024. The trustees have adopted the provisions of the Statement of Recommended Practlce (SORP) 'Accounting and Reporting by Charities. in preparing the annual report and financial stalements of the charty. The financial statements have been prepared in accordance wlth the accounting policies set out in the notes to the accounts and Comply with the Memorandum and Artlcles of Association. the Charities Act 2011. the Companies Act 2006 and Accounting and Reporting by Charlties: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) published in October 2019. CHAIR'S REPORT In common with others operating within the independent cultural cinema sector. Broadway has encountered a challenging trading environment over the last 12 months. Having said that, for a variety of reasons financial performance over the full financial perlod has been better than budgeted, and this has produced an outcome that is better than was expected. Investments have been made in equipment to enable outdoor screenings (with grant support gratefully recelved from the UK Sha￿d Prosperity Fund), in the development of Broadway's lounge area, in a new customer management system, in a foodldrinks truck to enhance Broadways offering at its on-site outdoor area, and In other areas, all of which have supported new or refreshed approaches to income generation in aid of Broadway's charitsble mission to inspire a lrfelong love of film. Beyond that, l am please(I to report that significant steps have been tsken to increase contact with, and our offering to, an increasingly diverse range of local communities which might previously have h8d little experience of Broadway. During the year, we have welcomed four new trustees.. Sharon Walia, Professor Llz Woodland, Peter Hill and John Read. and our board has appointed Claire Baxter as vi¢e4hair. l am grateful to Claire and to all members of our board for their work and their support. In particular, the diligent work of our finan￿ group chaired by Chris Tayky - has supported the organisation well throughout the year, such that whilst the next trading Feriod will be approached with care and prudence, that can be accompanied by a realistic and Increasing sense of confidence. All of the above has been supported by Broadway's dedicated staff complement and thelr contribution has been eX￿ptIonal over the year. Particular thanks are due to our slightly expanded senior management team. Also, I would like to acknowledge with gratitude the importance to Broadway of not only the financial support It receives from the BFI (British Film Institute) and from Arts Council England. but also the regular interaction of thelr people with our management and other staff which is of great assistance to our work and to our charltable purpose. P Southby Chair

NorriNGHAM MEDIA CENTRE LIMITED (A company limlted by guarantee and not havlng a Share capltal) REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2024 (contlnued) STATiJfoRY INFORMATION Goveming Document Nottingham Media Centre Limited, trading as Broadway is a company limited by guarantee incorporated under the Companies Act 2006 {Company number. 02315936) and a registered charity (Charty number: 700880) governed by its Memorandum and Articles of Association. Directors and Trustees The directors of the charitable company {'Yhe charity") are rts trustees for the purpose of charity law and throughout this report are collectively referred to as the trustees. As set out in the Articles of Association the trustees nominate the chair of the trustees. The following persons have served as trustees during the period 2023124 and up to the date of signing this report: The Board of Trust•es P Southby- Chair C Baxter A Dawson J Denham E Evans (Appointed 4 December 2023) P Hlll (Appolnted 4 December 2023) L E Moran S Nazar-chadwick (Resigned February 2024) A Priest J Read (Appointed 4 December 2023 J Taylor (Appointed 19 May 2023) S Walia (Appointed 4 December 2023) Secretary L Askew Kèy Management Personnel L Askew Chief Executive S Ackrel General Manager A Byme Venue Manager C Hennigan Programme Director N Rajagopalan HR Advisor S Terry Marketing & Communications Director E Thomley Film Hub Midlands Manager Registered office 14-18 Broad Street Nottingham NG13AL Auditors Rogers Spen￿r Newstead House Pelham Road Nottingham NG5 1AP Bankers HSBC Bank Pl 26 Clumber Street Nottingham NG13GA

NOThINGHAM MEDIA CENTRE LIMITED {A company limited by guarantee and not having a Sharo capital) REPORT OF THE TRUSTEES FOR THEYEAR ENDING 31 MARCH 2024{continued) Objects of the Charity Nottingham Media Centre Limrted is a charlty which operates and trades under name of Bro8dway and exists "to advance education by the provlsion of facilities and services in the media of the arts, communiGation8 and new technology". Public Benefit Statement The Board of Trustees has referred to the Charlty Commission's guidance on public benefit when revrewing the charity's aims and objectives and in plannlng future activities. Invèstment Powers Under the Memorandum and Artides of Association, the Company has the power to make any inve8tment which the trustees see fit. Appointment of Trustees As set in the Memorandum and Articles of Association. the Chair of the Trustees is nominated by the Board of Trustees. The Board has the power to nominate new trustees, where areas of Specif￿ and new expertise are needed or when vacancies arise due to resignations. New members are nominated and voted on by the existing trustees- Trustee Induction and Training All new members are inducted by the Chair arxl made aware of their responslbilities as Trustees in relatlon to 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. specfflc training and away-days where these are relevant to the undertaklng of their roles and responslbllities as Trustees. Rlsk Management The risk management of the trustees involves: A review of rlsks faced by the charty at all Board meetings through financial and other reports from the Management team. The establishment of strategies, systems and procedures to mitigate those risks. The implementstion of procedures to minimise the impact on the charity should those risks materFalise. The company operates within current leglslatlon for health and safety. employee managemen( equallty and diversity and within the terms of relevant lI￿nceS granted by the local authority for its cinema, entertainments, food hygiene and the sale of alcohol. Organisation and Managem•nt The Board of Trustees oversee the management of the Charty and when the need arises, sub-groups are created to cover specific topics such as capital and business development, fundraising, equality, diversity and inelusion, environmental sustainabilty which are agreed and nominated at meetings of the full Board. The Board employ Lucy Askew as Chief Executive to manage the operation of the charity, Nottingham Media Centre Ltd. The Chief Executive has delegated authority as approved by the Trustees for overall responsibility for strategy. artistic direction, business development, financial management, policy making, employment and oFerational matters. The senlor management team are collectively responsible for the planning. management and delivery of activlty across the organisation. Programme Director, Caroline Hennigan is responslble for curating the cinema. spedal events and film education courses" Eleanor Thomley is Manager of Film Hub Midlands (FHM). in a strateglc partnership with Birmingham based Flatpack Projects,. General Manager, Simon Ackrel is responsible for operational matters including the Café bars. premises and health and safety. Director of Marketing and Communications, Stewart Terry takes strategic responsibility for organisational marketing and communications,. Venue Manager Adam Byrne takes responsibility for day to day customer service and safety.

NOTTINGHAM MEDIA CENTRE LIMrrED (A company limited by guarantee and not having a share capltal) REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2024 (contlnued) Organisation and Management (continued) HR Training and Indusion Manager, Nim Rajagopalan provides advice. support and training on all employment matters including recruitment, equality and diversity. Through regular supervision and appraisal, staff are developed in their roles. When re-structuring FS necessary. an internal appointment process is undertaken to review regrading of roles or redeployment before recruitment is undertaken externally. Broadway has experience of managing and delivering BFI and ACE stakeholder funding agreements including the channelling of National Lottery furKling. Servi￿ contracts and large scale capital developments. Experience in delivering projects wtth the procurement. state aid, reporting and auditing requirements of the EU and CLG has ensured that Broadvvay's administration and financial reporting systems are robust and well maintained. Pay Policy The Board of Directors. who are the charty's trustees and the senior management team comprise the key management personnel of the charity in charge of directing. controlling. running and operating Broadway on a day to day basis. All directors give their time freely and no director received remuneration or expenses in the year. The pay of senior management staff is reviewed annually and with funds allowing. increased in line with infiation and average cost of living awvards. Any increase in excess of the cost of living is subject to performance review. Periodically. the Directors benchmark pay against levels In other arts and cultural sector venues of a similar size and complexity. Governanc• Nottlngham Media Centre Ltd is currently led by a board of eleven trustees. The Board meet five times year and have dual responsibility both as trustees of a charity and directors of a non-profit distributing company. Thelr role as trusteel directors is no different from those of a share-based company, in that they are requlred to exercise their care, diligence and skill to act in the best interests of the company. A wholly owned subsidiary company NMC Commerclal Ltd operates the café bar and catering with a Board who are also trustees of Nottlngham Medla Centre Ltd. NMC Commercial Ltd pays a commercial monthly rent and service charge to the charlty wlth any surplus covenanted as gift aid, which makes a signrficant Contribution in supporting the organlsatlon dellver on Its charltable objectives. As at 31 March 2024 membership of the Board comprises Chalrman Paul Southby (Solicitor & Chair of Marketing NG); Laurie Moran (Voluntary Sector Development), Ann Priest (Consultant and ex PVC Nottingham Trent University), Anna Dawson (Senior Lecturer Film Studies Nottlngham Trent University). James Denham (Project ManagerlBusiness Analyst Nottingham City Council). Sharon Walia {Filmmaker}, John Read (Associate Director, Civil and Structural Engineer, Arup), Elizabeth Evans (Professor of Screen Cultures), Chris Taylor (Chartered Accountant), Claire Baxter (Independent Management Consultant). Peter Hill (Editor, BFI Player). Vision We are ambitious on our path to be one of the leading centres for film and creativity in the UK and in Europe. Mission Broadway is a nationally recognised cultural leader. bringing the world of independent British and intemational film culture to Nottingham and across the Midlands, supporting innovation in art and technology. providing a platform for talent, learning and conversation to inspire creativity and a lifelong love of film. Values Broadway. values focus on the following characteristics: Audiences + Community Accessible + Inclusive Independent + Passionate Reslllent + Responsible Digital + Dynamic

NO￿INGHAm MEDIA CENTRE LIMITED (A company Ilmltad by guarantee and not having a Share ¢apital) REPORT OF THE TRUSTEES FOR THEYEAR ENDING 31 MARCH 2024 (contlnued) Commor¢lal & Charitable Operatlons

Four screen independent cinema, film culture & education programmes Catering, bars, conferences and private room hires Membership scheme and discounted ticket offers. Local, regional and national partnerships ACE NPO supported Near Now Arts & Technology Studio Event and workspaces BFI Film Hub Midlands BFI Network BFI Film Academy Plus BFI Film Academy HR and people Marketing & Communications Related Partles Broadway is a key regional delivery partner for the BFI and the 2023-33 Screen Cufture strategy. receiving an annual ￿ndIng award from the BFI Audience Fund and project funding to support delivery of a BFI Film Academy. Since 2018 Broadway has been the Film Hub Lead Organisation (FHLO) for Film Hub Midlands {FHM), in a strategic partnership with Birmingham based Flatpa¢k Project, one of eight UK hubs in the BFI'S Film Audlence Network (FAN) in an annual agreement extended to March 2026. Broadway is a member of the UK Cinema Association (UKCA) trade body and contracts wlth the Independent Cinema Office {ICO) to provide film booking services. Broadway Is an Arts Council England, National Portfolio Organisation (NPO}. which supports our Near Now Arts & Technology Studio programme, with the current four-year funding agreement, now extended to March 2026. Partnerships with Nottingham Trent University School of Art & Design, University of Nottingham's Horizon Dlgltsl Economy Research Institute, Centre for Advanced Studies, Institute of Screen Industry Research and Steerlng Group of LEADD:NG Immersive Hub, provide a plafform for knowledge exchange, graduate placements, Innovation, research & development activities across film, arts and digital technologies. Broadway is a member of the Nottingham Strateglc Cultural Partnership (SCP), contributing to the city's Strategic Cultural Framework 2017-2027 which advocates for the contrlbution that arts and culture makes to the social, educational, and economic health of Nottingham and the surrounding areas. BroadvRy engages in a wide range of cultural, community and educational partnershlps which provide a plafform for collaborative activities throughout the year. GROUP STRATEGIC REPORT Flnanclal R•vl•w The 2023-24 financial year was a signifrAnt one for Broadway, marked by both challenges and successes. Admissions recovered to 85Ok of pre-pandemic levels, exceeding Inltial expectations. However. acknowledging the shift in audience behaviour with the rise of streaming services and more selective cinemagoing. Broadway diversified its offerings. Venue rentals, conferences. courses, immersive events and film dub partnerships were expanded to maintain audien￿ engagement throughout the year. This year also saw a major leadership change WFth the retirement of Steve Mapp, CEO of 15 years, at the end of June 2023. Lucy Askew took the reins as the new CEO. leading Broadway through a perlod of strategic adaptation. Despite a slow start due to limited film releases in the first half of the year, cinema admissions recovered significantly. Whlle the summer perlod is traditionally quiet, trading was further impacted in June by a 2.5- day closure followlng an electrical failure and the tragic events in Nottingham. However. the cultural phenomenon of "Barbenheimert In the second half of the year significantly boosted attendance, followed by a strong Christmas and Oscar season.

NOTTINGHAM MEDIA CENTRE LIMITED (A company limited by guarantee and not having a share capital) REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2024 (contlnuad) Financial Review (contlnued) Despite these challenges, Broadway took proactive steps to address reduced fooffall and fluctuations in catering revenue. The launch of a new CRM system in October 2023 addressed a long-standing need Identified by the marketing team. This transition has resulted in a signrficant increase in donations for 2023-24. (£182.819 compared to £158.580 in 2022-23) PLrtting Broadway's marketing and fundraising capabilities on a strong footing for the future. Strengthening financial management remained a key priority. The appointment of a new Finan￿ Director and Beehive Accounting as a subcontractor. alongside the formation of a dedicated Finance arKI Audit Group with key board members and leadership. demonstrales Broadway's commitment to sound financial practices. Additionally, Broadway successfully claimed Museums and Galleries Tax Relief. generating an additional income of £67.460. Broadway remains committed to achieving long-term financial sustsinability, in particular achieving at least a break*ven position in the next 2 -3 years. Management accounts are reviewed monthly by the Senior Management Team (SMT) and quarterly by the Finance and Audit Committee representing the board of Trustees. With performance against budget monFtored and mitigating actions taken rf required. Procurement and tendering practices ensure best value purchase of goods. works and services. Experience of audit and reporting practice required by Communities & Local Government (CLG) when In recelpt of European funding ensures Broadway operates robust financial systems and informs the management of best practice when channelling Lottery funding on behaFF of the BFI to third-party organlsatlons. After carrying out a revlew, an updated investment and reserves policy which includes an ac￿ptable level of risk on deposits and Identlfylng appropriate provision for capital investment and unforeseen costs has been agreed by the Board. This sets out a long-term target for free reserves (exduding designated reserves) to the equivalent of 12 v￿ekS of turnover. The net result for the financial year is that Nottingham Media Centre LimFted unrestricted reserves in￿eased from £1,103,293 to £1,221.755 (including £139,990 designated reserves) equivalent to 23 weeks of turnover (2022123 19 weeks). The reserves policy is therefore adequately being met. Net group current assets decreased from £617,781 to £616,884. Total funds carried fortrvard were £5,291,913 including restricted funds of £4,070,158 which are ￿presented by fixed assets. Broadway's commitment extends beyond financial stability. The organisation remalns dedicated to inspiring creatrvity. supporting Midlands talent, and improving audience diversty. With new budgets for 2024-25 and 2025-26 projecting ambitious growih. Broadway is on a pathway to reducing the flnancial deficit and achieving long-term financial sustsinability. ACHIEVEMENTS & PERFORMANCE 2023-24 Cinema Programme The 2023-24 programme drew a total audien￿ of 170.000 and exceeded initial expectations. Admissions recovered to 850h of pre-pandemic levels, demonstrating a strong appettte for the diverse range of films offered. Event cinema continued to be a popular choice. with National Theatre Live produclions consistently drawing strong audiences. Silver Screen screenings. catering to older adults, also saw a rise in numbers. reflecting the programme's commitment to serving all demographics. The top performing films were: Barbie (10.335 admissions) Oppenheimer {5.845 admIss￿n8) Poor Things (4,473 admissions) Wicked Little Letters (4,305 admissions) Wonka {3,993 admissions)

NorriNGHAM MEDIA CENTRE LIMrrED (A company limlted by guarantse and not having a Share capital) REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2024 (contlnued) Cin•ma Programme {contlnued) The programme showcased range of International titles, classic re-releases. and themed seasons catering to specific demographics or genres, such as BAME. LGBTQ+ and short form content. Tourlng festivals like Queer East on Tour, The Japan Foundation Tour, and UK Jewish and French Film Festivals on Tour also added variety to the programme. Thanks to BFI'S 'Broaderf' project fundlng, Broadway significantly expanded its OLrtreach to underrep￿sented communities. Curated seasons and events targeted specific audiences: LGBTQ+ screenings with Q&As, global majority films wlth cultural events, youth programs with teen-oriented features, and collaborations with local film clubs. Queer 90,8 season, Teen Dreams, Scorsese, Ari Aster and Klm Kl-young, Wes Anderson and Lars Von Trier seasons. Powel and Pressburger (everything but the kitchen slck wlth Lounge Trip). Film Hub Midlands Film Hub Midlands (FHM) continued to play a crucial role in fostering film culture across the Midlands. This year, they surpassed targets, reaching over 25,000 peO￿e through varlous initiatives. Fllm Audi•nc• Network (FAN) FHM welcomed 48 new members, bringiro their total to 257. The Film Exhibition Fund awarded grants to 15 projects, totaling £107,050. Additionally, 13 Pitch Pot awards were made for a total of £19,911, and 2 strategic awards were made totalling £30,780 FHM hosted events focuslng on programming. with participation from Broadway Cinema and Mac Birmingham. They also supported the establishment of the Coventy Phoenix Film Festtval and provided resources for Nottingham Trent University's student4ed film nights. BFI NETWORK BFI NETWORK awarded funding to five early feature development projects and 6 Short Film Fund projects. Workshops and information sessions were held to provide resources for short film applications. The team successfully dellvered their first in-person Midlands Directors Lab post-pandemic, wlth plans to continue the program. Network also hosted screenings, filmmaker roundtables, and networking events. BFI Film Academy Broadway launched a 2-for-1 offer for young people, resulting in over 299 admlsslons over five months. Additionally, FHM curated a selection of regional short films for the BFI Future Fllm Festival. The Young Talent Coordinator also hosted a Q&A se&8ton with shortlisted directors, providing valuable insights for aspiriro filmmakers. Our Film Academy short course underwent a successful format change. Condensed into two intensive weeks in October, the program attracted 20 young people aged 16-19 who collaborated on two short fllms, 'THE DEVIL'S PLAYGROUND" and YHE PROJECTIONIST." showcased at a well-attended event. This format proved to be engaging and effective, and FHM plans to replicate it in future years. In collaboration with BFI NETWORK FHM offered a national online lab, 'Developing Stories for Different Formats.. featuring writer and dlre¢tor Alex Ruhl. This session provided guidance for creators interested in exploring virtual realty filmmaklng. Near Now 202>24 marked a signrficant year for Broadway's Near Now programme. with continued support from Arts Council England National Portfolio Organisation funding.

NorriNGHAM MEDIA CENTRE LIMITED (A company Ilmlted by guarant￿ and not having a share capltal) REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2024 (contlnued) Near Now (continued) Crucial support to artists was provided through ongoing support for Near Now Fellowship artists aThJ Ideas Fund recipients. Near Now Fellow Sophie Huckfield's 'Lady Ludd, project explores the impact of techrK)logy on labour within Nottingham's historical context. Current project outcornes include a forthcoming book to be published in 2025 by Common Threads Press, artist talks. public workshops and collaborations with a Nottingham crafts guild. Iwal artists and academics. In a mtable ￿llabOratIOn. Near Now partnered with Future Makers on Nottingham artist Katharina Fitrs Fellowship project and a new 'Waste Plastic Studio. facility. This initiattve explored the potential of recycled plastic as an artistic material, promoting sustainable practices arKI raising awareness about responsible plastic consumption. Future Makers were supported to raise £107,000 in grants, including £67.000 from ACE'S National Lottery Project Grants and £40.000 from Innovate UK'S Creative Catalyst fund. The collaboration has resulted in new artworks, an eight-week product design accelerator course for local artist-makers, and a public ariwork commission won by artist Ben Pary. Outcomes from the Near Now Ideas Fund (2021-2022) continue to enable financial and strategic support to a diverse range of artists. including Wingshan Smith's collaboration with University of Nottingham's Mtxed Reality Lab and project exhibited at Backlit gallery. Janhavi Sharma's use of professronal filming equipment and virtual production equipment provided by Broadway, and Marcus Joseph's development of a virtual reality experience. The Near Now Studio programmes continued to foster a vibrant creative network, offering valuable space. support and resources to artists. A public programme of studio talks, keynote presentatlons and workshops took place throughout the year. Candice Jacobs. with Near Now's support, secured a temporary public venue for curatorial project OTOKA, to showcase emerging artists, work, host exhibitions and public engagement events. The Studio also supported innovative projects like 'Sound Catchers,, Jess Murray's collaborative outdoor performance integratirKJ sound and technology, and Ryan Heath's development of 'SOLID STATE DRIVE,, an interactive fiction arcade machine. Broadway Gallery served as a central platform for artistic expression and community engagement throughout the year. The gallery hosted a solo exhibition for local artist Andy Williams aka Andy The Illustrator, alongslde thought-provoking exhibitions such as 'Regim8 Change Begins at Home, an exhibition of photography and archEve materlals produced by People's Histreh and Sparrows. Nest Library & Archive, an international residency and exhlbltlon produced by studio member Chris WrNJht. Plans for Future Perlods In the coming year. Broadway Cinema will focus on several key priorities to ensure its continued success and growth. These priorities are driven by a desire to increase financial resilience, enhanc£ diversity and inclusion, embrace technology. and create a positive workplace culture. To achieve these goals, we will implement several strategic initiatives. Financially. VR viill explore opportunities to increase ticket prices and membership fees. expand our course and conferencing offerings. and f￿uS on growing the profitability of our café-bar. Additionally. we will continue to build upon our successful "Broadeff program and strengthen communty partnerships to increase audience and staff diversty. To support our workforce. we will invest in staff training and development and implement workforce management software. We are optimistic about the future. despite the challenges faced in re￿nt years. With a promising film slate on the horizon and a Commitment to diverstying our programming and activities, we are pmjised to attract a wider audien￿ and strengthen our position within the community. By focusing on these key priorities and implementing strategic initiatives, we a￿ confident in our ability to thrive and continue to serve as a valuable cultural asset.

NO￿INGHAm MEDIA CENTRE LIMrrED (A company limited by guarantea and not having a share capltal) REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2024 (continuod) TRUSTEES, RESPONSIBILrriES IN RELATION TO THE FINANCIAL STATEMENTS The trustees (who are also the directors of Nottingham Media Centre Limited for the purposes of company law) are responsible for preparing the trustees. annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources. including the income and expenditure. of the charitable group for that period. In preparing these financial statements, the trustees are required to: select suitable accountlng pollcles and then apply them consistently observe the methods and principles in the Charities SORP 2019 (FRS 102) make judgements and estimates that are reasonable and prudent state whether applicable UK accounting 8tsndard8 have been foll0v￿d, subject to any material departures disclosed and explained in the financial statements prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are resFX)nsible for keeping adequate accounting records that disdose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware: there is no relevant audit information of which the group's auditor is unaware. and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. The trustees are responsible for the maintenance and integrity of the corporate and flnancial infomiation included on the charitable company's website. Legislation in the United Kingdom goveming the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

NOThINGHAM MEDIA CENTRE LIMITED (A company Ilmited by guarantee and not having a Share capltal) REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 MARCH 2024 {continued) AUDrroRS A resolution will be proposed at the Annual General Meetlng that Rogers Spencer be re-appointed as auditors to the charity for the ensuing year. This report has been prepared having taken advantage of the small companies exemption in the Companies Act 2006. Approved by the Board of Trustees and signed on its behalf L Askew - Secretary Dated....,....08.10.2024.........,,.. io

INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS of NorriNGHAM MEDIA CENTRE LIMrrED Opinlon We have audited the financial statements of Nottingham Media Centre Limlted (the 'parent charitable company.) and its subsidiary (the 'group'} for the year ended 31 March 2024 which comprise the consolidated Statement of Financial Activities, the consolidated and charity Balance Sheets. the consolidated Cash Flow Statement and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Rewrting Standard 102 The Financial Reporting Standard applicable in the UK and RepubliG of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a true and fair view of the state of the group's and parent charitable company's affairs as at 31 March 2024. and of the group's incoming resources and application of resources. i￿luding its income and expenditure. for the year then ended: have been properly prepared in accordance with United Kirodom Generally Accepted Accounting Practice: and have been prepared in accordance with the requirements of the Companles Act 2006. Basls for opinion We conducted our audit in accordance with International Standards on Audltlng (UK} {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilrties for the audit of the financial statements section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our 8udlt of the financial statements in the UK. induding the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtsined is sufficient and appropriate to provide a basis for our opinion. Emphasls of matter We draw your attention to note 14 in the financial statements which describes the uncertalnty of the valuation of the property at the carrying value of £4,200,040. We do not modtfy our opinlon with regard to this matter. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees. use of the goiro concern basis of accounting in the preparation of the financial statements is appropriate. Based on the y￿rk we have perfomied, we have not identified any material uncertainties relating to events or conditions that, individually or collectively. may cast signrficant doubt on the group and parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described In the relevant sections of this report. Other Infonnatlon The other information comprises the information included In the trustees. annual report. other than the financial statements and our auditorfs report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, ex￿pt to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. li

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS of NOThNGHAM MEDIA CENTRE LIMITED (contlnued) Our responsibility is to read the other information and, in doing so, conskler whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identlfy such material inconsistencies or apparent material misstatements. we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other informatlon, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescrfbed by tho Companies Act 2006 In our opinion. based on the work undertaken in the Course of the audit: the information given in the trustees, report, which includes the directors report prepared for the purposes of company law, for the financial year for which the financial ststements are prepared is consistent with the financial statements; and the directors report included within the trustees, report has been prepared in accordance with applicable legal requirements. Matters on whi¢h we are requlred to roport by oxcoption In the Ilght of our knowledge and understandirKJ of the group and parent charitable company and its environment obtained in the course of the audit. we have not identified material mlsstatements in the directors, report.. We have nothing to report in respect of the following matters in relation to whlch the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept by the parent charitable company, or returns adequate for our audit have not been recelved from branches not vrsited by us. or the parent charitable company's financial ststements are not in agreement with the accounting records and returns. or certain disclosures of trustees. remuneration specIf￿d by law are not made,. or we have not received all the information and explanations we require for our audit.: or the trustee8 were not entitled to prepare the firkgncial statements In accordance with the small companies, regime. Responslbllitles of tru8tee8 As explained more fully in the trustees, responsibilities statemenc set out within the Report of the Board of Trustees, the trustees (who are also the directors of the parent charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for belng satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial ststements that are free from material misstatement, whether due to fraud or error. In preparing the financlal statements, the trustees are responsible for assessing the group and parent charitable company's ablllty to continue as a going concem. disclosing, as applicable, matters related to going concern and using the golng concem basis of ac¢ounting unless the trustees either intend to liquidate the group or the parent charltable company or to cease operations. or have no realistic alternative but to do so. 12

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS of NO￿INGHAm MEDIA CENTRE LIMrrED (￿ntInued> Auditorfs responslbllltles for th• audit of the financlal stat￿nant$ Our objectives are to obtaln reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an audltorfs report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordan￿ with ISAS {UK) will always detect a material misstatement when it exists. Misstatements can arlse from fraud or error and are considered material rf, individually or in the aggregate, they could reasonably 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 procedures in line with our responsibllltles, outllned above, to detect material misstatements in respect of irregularities, induding fraud. The extent to whlch our procedures are capable of detecting irregularlties, including fraud is detailed below. The extent to whlch lh• audit was consldered capabl6 of d•tecting irregularities including fraud Our approach to identrfying and assessing the risk of materlal misstatement in respect of irregularities, including fraud and non-compliance with laws and regulatlons, was as follows: The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognlse non-compliance with applicable laws and regulations. We identified the laws and regulations applicable to the group through discusslons with trustees and other management, and from our knowledge and experience of the charity sector and grant providers" We focused on specrfic laws and regulations which we consldered may have a direct material effect on the financlal statements or the operations of the group. including the Companies Act 2CM)6, Charities Act 2011, taxation legislation and data protection. anti-bribery, employment, environmental and health and safety legislation. We assessed the extent of compliance with the laws and regulations Identified above through making enquiries of management and inspecting legal correspondence. and Identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the group's financlal statements to material misstatement, indudlng obtaining an understanding of how fraud might occur, by: Making enquirles of management as to where they considered there was susceptiblllty to fraud, their knowledge of actual, suspected and alleged fraud. Considering the internal controls in place to mltlgate risks of fraud and non-complian￿ with laws and regulations. and Understanding the design of the group's remuneration policies. To address the risk of fraud through management bias and override of controls, we: Performed analytical procedures to klentfy any unusual or unexpected relationships: Tested journal entries to Identlfy unusual transactions,. Assessed whether Judgements and assumptions made in determining the accounting estimates set out in note 2 were indicative of potential bias. and Investigated the rationale behind significant or unusual transactions. 13

INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS of NO￿INGHAm MEDIA CENTRE LIMITED (contlnued) In response to the risk of irregularities and non-compliance with laws and regulatlons, we designed procedures which included, but were not limrted to: Agreeing financial statement disclosures to underlying supporting documentation.. Reading the minutes of meetings of those charged with governan￿. Enquiring of management as to actual and potential litigation and claims,. and Reviewing correspondence with HMRC. relevant regulalors and the company's legal advisors. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non- compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence. rf any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further descrlptlon of our responsibilities is available on the FRC'S website at: htt s:114ww.frc.or .uklaudltorslaudlt-assurancelauditor-s-res onsibilities-for-the-audit-of-the- fildescrl tlon-of-the-audltor%E2 % 80%99s-res onsibSlltles-for. This description fonns part of our auditorfs report. Use of our report This report is made solely to the charitable company's trustees, as a body, In accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them In an auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibilty to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. Balley FCCA DChA (Senior Statutory Auditor> For and on bohalf of Rogers Spencar charter￿ Certified Accountants Statutory Auditor N￿st•a￿ House Polham Road Nottlngham NGS 1AP Rogers Spencer is eligible to act as an auditor in terms of section 1212 of the Companies Act 2(K16. 14

NOThINGHAM MEDIA CENTRE LIMrrED CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (Incorporatlng an Income and Exp•ndlture Account) FOR THE YEAR ENDED 31 MARCH 2024 Curront Year Unrestrlct•d Funds Restricted Funds Total 2024 Total 2023 Notes INCOME: Donations and legacies 182,819 182,819 158,580 Income from othor trading a¢tivitio8: Shop sales Commercial trading operations 43,215 992.298 1035 513 43,215 992,298 1035 513 30.366 898.187 Investment Income 18,783 18.783 5,211 Income from charitable activities: Operation of the media centre Grants relating to the operation of the media centre 1,610,595 1,610,595 1.339.254 215,238 1825 833 314,333 314 333 529,571 2140166 944.458 2 283 712 TOTAL INCOME EXPENDITURE: Cost of ralslng funds: Shop cost of sales Brochure productlon, webslte and marketing Commercial trading operations 24.724 24,724 12,764 83,443 871,283 979 450 83.443 871.283 979 450 49,511 761,707 823 982 Charltable actlvltles Operation of media centre 2,083,787 570,901 2.654,688 2,953,479 TOTAL EXPENDrruRE Net (expenditureyincome before transfers (289) (256,568) (256,857) (401,405} Gross transfers between funds 118.751 (118,751) Net movement of funds in year 118,462 (375,319) (256,857) (401,405) RECONCILIATION OF FUNDS Total funds brought forward 1,103.293 4,445.477 5,548,770 5,950,175 Total funds carried forward The statement of financial activities includes all gains and losses recognised in the year. All incoming resources and resources expended derive from continuing activities. The notes on pages 21 to 35 form part of these financial statements. 15

NOTTINGHAM MEDIA CENTRE LIMITED CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income and Expenditure Account) FOR THE YEAR ENDED 31 MARCH 2024 Prlor Year Not•8 Unrestricted Funds Rostrlcted Funds Total 2023 Total 2022 INCOME: Donations and legacies 158,580 158.580 669,556 Income from other trading actlvltles: Shop sales Commerclal tradlng operations 30,366 898.187 928 553 30,366 898,187 928 553 13,451 612,478 Investment Income 5,211 5,211 Income from charitable activitles: 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 1 578 184 656.713 705 528 944,458 2 283 712 795,522 1710958 TOTAL INCOME 70 52 06 539 EXPENDITURE: Cost of raising funds: Shop cost of sales Brochure production, 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 Charitable activities Operation of media centre 1,962.434 991,045 2,953,479 2.500,580 TOTAL EXPENDITURE Net {expenditure)lincome before transfers (115.888) {285,517) {401.405) (180,663) Gross transfers between funds Net movement of funds in year (115,888) (285,517) (401,405) {180,663} RECONCILIATION OF FUNDS Total funds brought forward 1.219,181 4,730,994 5.950,175 6.130.838 Total funds carrled forward The statement of financial activities includes all gains and losses recognised in the year. All incoming resources and resources expended derive from continuing activities. The notes on pages 21 to 35 form part of these financial statements. 16

NorriNGHAM MEDIA CENTRE LIMrrED (A company Ilmited by guarantse and not having a share capital) CONSOLIDATED AND PARENT COMPANY STATEMENTS OF FINANCIAL posrrioN AS AT 31 MARCH 2024 Group Company 2024 2024 2023 2023 Not• Flxed assets Tangible assets Investments 14 15 4,787,793 5,064,591 4.776.873 100 5,054,044 100 4.787,793 5,064,591 4,776,973 5,054,144 Current assats Stock for resale Debtors Cash at bank and in hand 21.146 192.652 1,163.238 15.174 106.698 1.059.918 1,774 317,253 940,784 1,454 269,083 813.299 16 1,377,036 1,181,790 1,259,811 1,083,836 Creditors: Amounts falling due within one year 17 760,152 564,009 641.182 467.505 Net Current assets 616,884 617,781 618,629 616,331 Total ass8t16ss current Ilabllltlos 5.404.677 5.682.372 5,395,602 5,670,475 Credltors Amount falling due after more than one year 18 112,764 133,602 103,689 121,705 Not Assets 5.291.913 5,548,770 5,291,913 5,548,770 Funds: Unrestrlcted funds 22 1.221.755 1,103.293 1.221.755 1.103.293 Restricted funds 22 4,070,158 4,445,477 4,070,158 4,445,477 5,291.913 5,548.770 5.291.913 5,548.770 The notes of pages 21 to 35 form part of th888 financial statements. 17

NorriNGHAM MEDIA CENTRE UMITED (A company Ilmltéd by guaranteo and not havlng a 8har• capltal) CONSOLIDATED AND PARENT COMPANY STATEMENTS OF FINANCIAL POSITION AS AT 31 MARCH 20241contlnued) As pemiltted by $408 of the Companles Act 2006, the parent chaiitable company has not presented its own statement of financial activitie8 and relatsd notes. The parent charitabl8 company's unrestricted defic￿ for the year was £289 (2023: £188,819). These financl81 statements have been prepa￿d in accordance wlth the provlslons appllcable to companies subject to the small companies regime. These financial statements were approved by the directm on ... th8Sr behalf by: . and slgned on y. DirBctor The notes of pages 21 to 35 form part of these financlal 8tatements. 18

NOThINGHAM MEDIA CENTRE LIMITED (A company Ilmlted by guarante• and not having a share ¢apital) CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 Notes 2024 2023 Cash flows from operating aGtlvSties 149,309 (169,043) Cash flows from Investing activities Interest incomel(expenditure) Purchase of tangible fixed assets 6,891 33,928 (3,419) 11.730 Cash used in inva8ting activities 27,037 15,149 Cash flows from financial a¢tivitie6 New loans Repayment of Bom)wing 18,952 26.038 Cash used in financing artivities Increa8el(decrease) In cash and ¢ash equlvalents 103,320 (210.230) Cash and cash equlvalants at 1 April 2023 1.059.918 1.270.148 Total Gash and cash equivalents at 31 March 2024 1,163238 1,059,918 The notes of pages 21 to 35 form part of these financial statements. 19

NorriNGHAM MEDIA CENTRE LIMITED (A company Ilmlted by guarantee and not havlng a share capltal) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 1. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FROM OPERATING ACTIVITIES 2024 2023 Net incomel(expenditure) for the year before interest received and paid (263,748) (397.986) Depre¢lation charges 310,509 333,741 Loss on dlsposal of tangible fixed assets 217 (Increase)Idecrease in stocks {5,972) (319) (Increase)Idecrease In debtors (85,954) (13,129) Increasel(decrease) In credltors 91,350 Net ￿$h inflowl(ouffiow) from operating activities 149,309 169,043 2. CASH AND CASH EQUIVALENTS Year ended 31 March 2024 31 March 2024 31 March 2023 Cash and cash equivalents 1,163,238 1.059,918 1163,238 1,059,918 Year ended 31 March 2023 31 March 2023 31 March 2022 Cash and cash equivalents 1.059.918 1,270,148 1,059,918 1,270,148 3. ANALYSIS OF CHANGES IN NET DEBT Brought forward Carried forward Cash-flows Cash at bank and in hand Borrowings 1.059,918 160.340 103,320 18,952 1,163,238 141.388 899,578 122.272 1,021,850 The notes of pages 21 to 35 form part of these financial statements. 20

NorriNGHAM MEDIA CENTRE LIMITED (A company limited by guarantee and not havlng a share capltal) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 STATUTORY INFORMATION Nottingham Media Centre Limited is a private company, limited by guarantee registered In England and Wales. The Companys registered number and registered office address can be found in the Statutory Information on page 2. AccouKfiNG POLICIES The principal accounting policies adopteil. judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: Basis of Preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities." Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011. the Companies Act 2006 and UK Generally Accepted Accounting Practice. Nottingham Media Centre Limited constitutes a public benefit entty as defined by FRS 102. The finanaal statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest £. Assets and liabilities are inltlally recognised at historical cost or transaction value unless otherwlse stated in the relevant accountlng pollcy note. Basis of Consolidatlon The financial statements consolidate the results of the charitable company and its wholly owned subsidiary NMC Commercial Ltd on a line by line basis. The registered offl¢e of the subsidiary company is the same as Nottingham Media Centre Ltd. Golng concern Broadway Cinema, represented by Nottingham Media Centre Ltd. is navigating a challenglng but promising trading environment. Unrestricted reserves Increaslng from £1,103.293, to £1,221,755 with the organisation demonstrating a strong commitment to financial sustalnabilty. To enhan￿ our financlal oversight, we have established a Finance Group comprised of Trustees and Senior Staff. This group meets regularly to d05ely monitor our financial performan￿. identify potents'al risks, and implement strategies to improve our financial position. Broadway confronted significant challenges in 2023, stemming from the SAG-A￿RA strikes and a persistent shortfall in pre-pandemic audience leve15. The initial six months of the year were particularly diff￿ult, ne￿SSIt8ting a reduction in the projected budget for the 2023-26 plan. Nevertheless, the latter half of the year witnessed encouraging signs of recovery. exemplified by the resounding success of "Barbenheimer" in July. This blockbuster drew 17.340 patrons and generated £112,445 in ticket sales. representing a substantial 58% increase compared to the corresponding period in Ihe previous year. The autumn and winter seasons demonstrated further resilience, culminating in a robust fourth Quarter that attracted 52.466 attendees and garnered £359,866 in revenue, marking a 41% improvement over the prior year. These positive trends sugg8St a promising outlook for Broadway's future. as the industy appears to gradually rebounding from the challenges posed by the pandemic and. labor dispules. 21

NO￿INGHAm MEDIA CENTRE LIMITED (A company Ilmlted by guaranta6 and not having a share Gapltal) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 2. ACCOUNTING POLICIES (CONTINUED) Going concern (continued) Furthermore, we hsve Successfully secured a Museum and Gallerles Tax Relief claim worth £67,000. Thls has significantly improved our financial position for the current year and will pri)vide additional income for future years. Wlth the hospitslity industy showing signs of recovery, food infiation falling and a reduction in energy pricing, we are approaching the year ahead with confidence. Looking ahead, we have set a long-term target to recover from the impact of previous challenges and aim for free reserves equivalent to 12 weeks of turnover. While there 8re uncertainties about the pace of recovery in customer numbers. our prudent investment and reserves policy. along with our Commitment to financlal sustainability, indicate our determination to weather these challenges. Our ability to adapt to changing market dynamlcs and maintain a proactive approach to financlal management remains crucial. Based on our proactive financial management and positive performance indicators, the Broadway Cinema Board of Trustees reasonably expects the organisation to continue its operatlonal existence for the foreseeable future. This allows us to adopt the golng concern basis of accounting in preparing our flnancial statements. Income Income is recognised when the charrtable company has entitlement to the funds, any performance conditions attached to the items of income have been met, it is probable that the income will be received and the amount can be measured reliably. Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charltable company has entitlement to the funds, any performance ￿nditionS attached to the grants have been met, it is probable that the income will be received and the amount can be measured rellably and Is not deferred. Donated Services and facllltlos Donated professional services and donated facilities a￿ recognised as Income when the charitable Company has control over the item. any conditions associated with the donated item have been met, the re￿Ipt of economic benefit from the use by the charitable company of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to the trustees, annual report for more Information about their contribution. On receipt, donated professional services and donated facilities are recognised on the basisi of the value of the gift to the charltable company which is the amount the charitable company would have been willing to pay to obtaln servlces or facilities of equivalent economic benefit on the open market; a corresponding amount Is then recognised in expenditure in the period of receipt. Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charit8ble company.. this is nomially upon notification of the interest paid or payable by the Bank. R•sources expendod Expenditure is recognised once there is a legal or constructive obligatlon to make a payment to a thlrd paty, il is probable that settlement will be required and the amount of the oblig8tion can be measured ￿lIablY. 22

NOTTINGHAM MEDIA CENTRE LIMITED (A Gompany limlted by guarantee and not havlng a share capital) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 2. ACCOUNTING POLICIES {CONTINUED) Resources exp•ndad (continued) Expenditure is classified under the following heading. Costs of raising funds are those costs In￿rred in attracting voluntary income and those inCu￿ed in trading activities that raise funds. Charitable activities include expenditure associated with the staging of the film programme. media events and educational programmes and include both the direct costs and support costs relating to these activities. Allocation of support costs Support costs are those functions that assist the work of the charitable company but do not directly undertake charitable activities. Support costs include central functions and premises costs and have been allocated to activity cost categories on a basis consistent with the use of resources, which are estimated as being- film programme 600/0, and media events and education 400/0. Fund accountlng Unrestricted funds are available to use to further any of the purposes of the charitable Company. Designated funds are unrestricted funds of the charitsble Company which have been set aside to fund partFcular future 8¢tivities of the charitable company. Restricted funds are donated for particular areas of the charilable company's work or specific projects undertaken. Fixed assets Fixed assets are included in the balance sheet at cost less a￿uMulated depreclation. Depreciation Is provided to write off the cost of fixed assets over their estimated useful lives at the following rates per annum: Bulldlngs 2% straight line Fixtures & flttlngs 10Vo and 20 % on reducing balance Equipment 200/0 and 25 % on reducing balance Individual assets costing less than £500 are not usually capitslised. Investments Investments in subsidiaries are measured at cost less impairment. Stock Stock for resale is valued at the lower of cost and net realisable value. Deblors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any Irade discounts due. Cash at bank and In hand, Cash at bank and cash in hand includes cash and Short term highly liquid investments with a short maturlty of three months or less from the date of acquisition or opening of the deposit or similar account. 23

NorriNGHAM MEDIA CENTRE LIMITED (A company Ilmltod by guarantee and not having a share capital) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES (CONTINUED) Creditors and provisions Creditors and provisions are recognised where the charitable company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Leases Rentals payable under operating leases are charged to the SOFA on a straight line basis over the period of the lease. Employee benefits The charity operates a defined contribution plan for the benefit of its employees. Contributbns a expensed as they become payable. Judgements and key sources of estlmatlon un¢ortainty In the application of the charitable company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. A￿Ual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revislon affects both current and future periods. INCOME FROM DONATIONS AND LEGACIES Total Funds 2024 Total Funds 2023 Unrestricted Funds Restricted Funds Donations Grants Receivable.. BFI Audience Fund 22,819 22,819 8.580 160,000 160,000 150.000 182,819 182,819 158,580 Total Funds 2023 Total FurKIs 2022 Unrestricted Funds Restricted Funds Donations Grants Receivable: BFI Audience Fund CJRS Grant Covid 19 Grants 8.580 8.580 15.647 150,000 150,000 150,000 62,434 441.475 158.580 158,580 669.556 INVESTMENT INCOME All of the group's investment income of £18.783 (2023: £5,211) arises from money held in interest bearing deposit accounts. 24

NorriNGHAM MEDIA CENTRE LIMITED (A company limlted by guarantee and not havlng a share capital) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 5. INCOMING RESOURCES FROM CHARrrABLE ACTMTIES Operatlon of the Media Centr• Total Funds 2024 Total Funds 2023 Unrestrlcted Funds Restrlct•d Funds Box Office admission charges Events Room hire and rents Screen advertising Other income 1,037,050 317,057 131,640 57,474 67.374 1,037.050 317.057 131.640 57,474 67,374 794,827 353,726 135,168 55,324 209 1.610,595 1.610.595 1,339.254 Total Funds 2023 Total Funds 2022 Unrestricted Funds Restricted Funds Box Office admission charges Events Room hire and rents Screen advertising 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 1.290.439 48.815 1,339,254 915,436 Grants relating to the operation of the Media Centrn Total Funds 2024 Total Funds 2023 Unrostricted Funds Restricted Funds Arts Council of England - NPO BFI - Film HUB Midlands BFI - C-Fan Major Programme Foreshadow Film Fund others 92,423 112,876 92.423 427,209 109.849 360.748 462,484 1,701 9,676 314333 9,939 9.939 215,238 314.333 529.571 944.458 Total Funds 2023 Total Funds 2022 Unrestricted Funds Restricted Funds Arts Council of England - Capital Arts Council of England - NPO BFI - Film HUB Midlands BFI - C-Fan Major Programme Foreshadow Film Fund Nottingham Clty Council 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 9,676 287,745 656,713 944,458 795,522 25

NorriNGHAM 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 2024 6. ANALYSIS OF SUPPORT FOR CHARrrABLE ACTivrriES The charity allocates its support costs as shown in the table below and then further 8PPOrtions those costs between the two charitable activities undertaken (see note 7). Support costs are allocated on basis consistent with the use of resources which is currently 60.40 in favour of film programme. Oporatlon of Media Centre Total 2024 Totsl 2023 Governance Staff Costs Recruitment Depreciation Licenses and subscriptions Consultants and professional fees Audit and Accountancy fees Bank charges Bank loan interest Office costs Other costs 318,702 13,847 308,008 22,357 43,459 362,161 13,847 308,008 22,357 9,325 9,983 2,291 10,967 8,520 18,845 408,060 16,473 330,478 16,794 2,713 9,702 14,834 7,990 8,438 19.869 9,325 9,983 2,291 10,967 8,520 18,845 701,246 65,058 766,304 835,351 Operation of Media Centre Total 2023 Total 2022 Governance Staff Costs Recruitment Depreciation Licenses and Subscriptions Consultants and professional fees Audit and Accountancy fees Bank charges Bank loan interest 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 8,438 373.608 10.442 366.353 10,659 1,413 11,725 15,610 5,463 8,736 7,796 2,713 9,702 14,834 7.990 8.438 19.782 87 759,048 835,351 811,805 7. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTNITIES Medla Events & Education Film Programme 2024 2023 Fllm hlre and carriage Front of house costs Projection and front of house wages Media events and education Premises costs Support costs Other expenditure 379,946 33,499 379,770 379,946 33,499 379,770 745,097 350,072 701,246 65,058 284,239 19,317 336,180 1,213,430 264,962 759,048 76,303 745,097 140,029 280,498 26,023 210,043 420,748 39,035 1463,041 1.191,647 2,654,688 2,953,479 Of which.. Unrestricted funds Restricted funds 1,309,100 153,941 774,687 416,960 2,083,787 570,901 1,962,434 991,045 1,463,041 26 1.191,647 2 654,688 2,953,479

NorriNGHAM MEDIA CENTRE LIMITED (A company limited by guarantee and not having a share Capital) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 MARCH 2024 7. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES (Gontinuod) Media Events & Education Film Programme 2023 2022 Fllm h[￿ and carriage Front of house costs Projection and front of house wages Media events and education Premises costs Support costs Other expendibjre 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 30,521 158,977 455.429 45.782 1,299.924 1.653,555 2,953.479 2.500.580 Ofwhich Unrestricted funds Restrlcted funds 1.131.373 168,551 831,061 822,494 1.962,434 991.045 1.685,815 814,765 1.299.924 1.653.555 2,953.479 2,500,580 8. INCOME EARNED FROM OTHER ACTIVMES The charitable company has a wholly owned trading subsidiary NMC Commercial Ltd (company number 06372815). which is incorporated in England and Wales. NMC Commercial Ltd pays all of its profits to the charity by gift aid. On 1 October 2007. NMC Commercial Ltd took over the operation of the cafe bar at Nottingham Media Centre Limited's premises. The charitable company owns the entire share capital of 100 ordinary shares of £1 each. A summary of the trading results is shown below: 2024 2023 Tumover Interest receivable C05t of sales and administration costs Serrfice charges 992.298 898,187 5.879 832 (871,283) {761.707) (40,404) 86,490 (86,490) 137.312 (84,381) Amount gift aided to parent company Retained in subsidiary 52.931

NO￿INGHAm MEDIA CENTRE LIMITED (A company limited by guarantee and not having a share capital) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 INCOME EARNED FROM OTHER ACTIVITIES (Contlnued) The assets and liabilities of the subsidiary were.. 2024 2023 Fixed assets Current assets Current liabilities Non-current liabilities 10,920 250,254 (251,999) {9.075) 10,547 265,825 {264.375) (11.897) Net assets 100 100 During the year the charitable company charged NMC Commerclal Ltd a service charge of £40,404 (2023: £nil). NET INCOMING RESOURCES FOR THE YEAR This Is stated after charglng: 2024 2023 Depreciation Auditorfs remuneration Audit services Accounting services Other services Loan Interest 310,509 333,740 10,650 3,550 250 11,892 9,330 3,110 1,250 8,630 10. AUDITOR'S REMUNERATION The auditorfs ￿muneratIon amounts to an audit fee of £10,650 (2023.. £9,330), accounting services of £3,550 (2023: £3,110) and other services totalling £250 (2023: £1,250). 11. STAFF COSTS AND KEY MANAGEMENT PERSONNEL Staff costs were as follows: 2024 2023 Salaries and wages Social security costs Penslon Costs 1.405,572 105,723 27,154 1,301,371 107.166 26,228 1,538,449 1,434,765 Total redundancy psyments induded above amounted to £nil {2023: £nil). 28

NOThINGHAM MEDIA CENTRE LIMITED (A company limiied by guarantee and not havlng a share capital) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 11. STAFF COSTS AND KEY MANAGEMENT PERSONNEL (CONTINUED) The number of employees whose emoluments fell within the following bands: 2024 2023 £60,000-£6g,999 The average weekly number of employees during the year, was as follows: 2024 2023 Programme and events Support to charitable activities and govemance Café bar 32 31 28 71 The key management personnel of the parent charitable company comprises the Chief Executive, Programme Director. Development Director, Marketing & Communications Director, Film Hub Midlands Manager. HR Advisor and Venue Manager. The total employee benefits of the key personnel of the Gharity were £308,567 (2023: £259,184). The key management personnel of the group comprise of those of the parent charltable company and the key management personnel of its subsidiary. NMC Commercial Ltd, whose employee benefits total £46,079 {2023: £41,680). The employee benefits of key management personnel for the group was therefore £354,646 {2023.. £300,864)- None of the trusiees (or any persons connected with them) received any remuneration durlng the current or previous year. No expenses were reimbursed to trustees during the year (2023: one trustee £17). 12. PENSIONS The charity operates a defined contribution pension plan for its employees. The amount recognised as an expense in the period was £27.154 (2023: £26.228)- 13. INDIVIDUAL STATEMENT OF FINANCIAL ACTIVITY As perniltted by Section 408 of the Companies Act 2006, the Statement of Financial Activity Is not presented as part of these financial statements. 29

NorriNGHAM MEDIA CENTRE LIMITED (A company limited by guarantee and not having a share capital) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 14. TANG18LE FIXED ASSETS Group Fixtures Fraèhold Pr•mis Equipment Fittings Total COST At 1 April 2023 Additions Disposals 8.938.050 995.078 33,198 12.620 1.581.665 730 11.514793 33.928 12.620 At 31 March 2024 8,938,050 1,015,656 1,582,395 11,536,101 DEPRECIATION At 1 April 2023 Provided in year Eliminated on disposal 4.564,749 173,261 846.987 34.230 12.403 1,038,466 103,018 6,450.202 310,509 12,403 At 31 March 2024 4,738.010 868,814 1.141,484 6,748,308 NET BOOK VALUE At 31 March 2024 4,200.040 146,842 440.911 4,787,793 At 31 March 2023 4,373,301 148,091 543.199 5.064,591 Company Fixtur88 Freehold Premises Equlpment Flttlngs Total COST At 1 April 2023 Additions Disposals 8.938,050 876,433 30,108 1.649,347 730 11A63,830 30,838 At 31 March 2024 8.938,050 901541 1,650,077 11,494,668 DEPRECIATION At 1 April 2023 Provided in year Eliminated on disposal 4,564,749 173,261 759,143 31.729 1,085,895 103,018 6,409.786 308.008 At 31 March 2024 4,738.010 790.872 1.188.913 6,717,795 NEf BOOK VALUE At 31 March 2024 4,200,040 115,669 461,164 4776.873 At 31 March 2023 4.373,301 117,290 563,452 5,054,044 30

NorriNGHAM MEDIA CENTRE LIMITED (A company Ilmlted by guarantao and not having a sharo capital) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 14. TANGIBLE FIXED ASSETS (CONTINUED) Included in the cost of freehold premises is freehold land of £275,000 (2023.. £275.000) which is not depreciated. Tangible fixed assets with a carrying value of £4,200,040 (2023.. £4,373,301) are pledged as security for the group's borrowing facilities. On 10 May 2018, a valuation of the group's property was undertaken by Christie & Co which refiects ts value as a fully equipped trading entity. having taken into account the non-commercial aspect of the charitable company. The directors made the decision to reflect a valuatlon In the financial statements of the group for the year ended 31 March 2018 of £5.2m, being the Directors assessment of fair value. The Directors have carried out a review of the valuation in 2018 to support the carrying value of £4,200.040. This assumes that the level of income will return to previous levels but in the current climate there is uncertainty about when this will happen. 15. FIXED ASSET INVESTMENTS Group 2024 Company 2024 2023 2023 Shares in group undertakings 100 100 16. DEBTORS Group 2024 Company 2024 2023 2023 Trade debtors Other debtors Prepayments Amounts owed by subsidiary 74,184 77,043 41,425 73,741 74,184 163,533 32,997 46,539 73,741 80,118 31,734 83,490 32,957 192,652 106,698 317,253 269.083 17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Group 2024 Company 2024 2023 2023 Bank loans and overdrafts (note 19) Trade creditors Taxation and social security Other creditors Deferred income (note 21) Accruals 28,624 249,074 102.605 108.884 91.444 179.521 26,738 130,154 79.941 133.909 62.331 130.936 24,821 209,692 54,815 108,884 91,444 151,526 23,084 103,750 37,062 133,909 62,331 107.369 760.152 564.009 641,182 467.505 18. CREDITORS: AMOUNTS FALLING AFTER MORE THAN ONE YEAR Group 2024 Company 2024 2023 2023 Bank loans and overdrafts (note 19) 112,764 133,602 103,689 121.705 31

NOTTINGHAM MEDIA CENTRE LIMITED (A company limited by guarantee and not havlng a share capital) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 19. LOANS An analysis of the maturity of loans is given below: Group 2024 Company 2024 2023 2023 Bank Loans: Amounts falling due within one year Amounts falling due after one year 28,624 112,764 26.738 133,602 24,821 103,689 23,084 121,705 Amounts included above which fall due after five years: Payable by instalments 8.887 22,817 8,887 22.817 The bank loans are secured by a legal charge over the assets of the group. 20. SECURED DEBTS The following secured debts are included within creditors: Group 2024 Company 2024 2023 2023 Bank loans 141,388 160,340 128,510 144.789 The group's bank reserves the right to set off and holds first and third legal charges and a debenture over the freehold premises of the company. 21. DEFERRED INCOME Included within creditors is £91,444 of deferred income. The movement can be analysed as follows: Group Company 2024 2024 Balance at 1 April Amount deferred in the year Amount released in the year 62,331 767,353 738,240 62.331 767.353 738.240 Balance at 31 March 91,444 91,444 22. ANALYSIS OF NEfASSETS BETWEEN FUNDS Unrestricted Restrf¢ted Fund8 Funds 2024 2024 Unrestrlcted Restricted Funds Funds 2023 2023 Total 2024 Total 2023 Tangible fixed assets Net current assets Long term liabilities 717.635 616.884 (112,764) 4,070,158 4,787.793 616,884 (112,764) 737.865 4.326.726 5,064.591 499.030 118.751 617,781 (133,602) (133,602) Total 1.221.755 4,070,158 5,291,913 1,103,293 4.445,477 5.548.770 The group's bank reserves the right to set off and holds first and third legal charges and a debenture over the freehold premises of the company. 32

NorriNGHAM MEDIA CENTRE LIMITED (A company lirnited by guarantee and not having a share Gapital) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 23. ANALYSIS OF MOVEMENTS IN FUNDS Analysis of movèments In unrostrictad fund8 At Incoming 01104123 Resources Resources expended At 31103124 Transfers General fund Desi nated funds: Development fund Capital Build fund Beyond the Reel fund 986,123 3,039,904 (3,063,013) 118,751 1,081,765 42,350 17.437 57.383 42,350 17,937 79,703 500 22,544 (224) 1,103,293 3,062,948 3,063,237 118,751 1,221,755 At 01104122 Incoming Resources ReSoUr￿S expended At 31103123 Transfers General fund Desi nated funds.. Development fund Capital Build fund Beyond the Reel fund 1,109,797 2,661,199 (2.784,873) 986,123 42,350 16.937 50,097 42,350 17.437 57,383 500 8.829 (1,543) 1,219,181 2,670,528 2,786,416 1,103,293 General fund The free reserves after allowing for all deslgnated funds. Dov•lopmont fund Designated fund to finance future technological advancements in infrastructure. Capital Build Match fund This fund was created by selling off old pre-refvrbishment seats from screens 1 and 3 and 81so allowing people to dedicate the new seats to friends and family. All proceeds have been designated towards the 20-21 capital project by way of match funding in order to raise Income to complete the business and environmentally sustainable improvements to the building. Beyond the Reèl fund The purpose of this fund is to assist individuals to access Cinema. Donations received are intended to be an evergreen fund. The expenditure will change with the local needs of the community, but currently comprise donations of tickets to local film banks. womens refuges and the provlslon of travel to allow care homes to brlng elderly, namely dementia sufferers into the city to experience cinema. Analysls of movements in restrICt￿ funds At 01104123 Incoming Resources Resources expended At 31103124 Transfers Foreshadow Film fund BFI Film Hub Midlands Deferred capital grants 118,751 {118,751) 314.333 (314,333) (256.568) 4,326.726 4,070,158 4,445,477 314,333 570.901 118,751 4070,158 33

No￿INGHAm MEDIA CENTRE LIMITED {A cornpany limited by guarantee and not having a sharo capltal) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 23. ANALYSIS OF MOVEMENTS IN FUNDS {Continued) Analysls of movements in restricted funds At 01104122 Incoming Resources Resources expended At 31103123 Transfers Foreshadow Filrn fund BFI Film Hub Midlands BFI C-Fan Major Programme BFI Network Deferred capital grants 123.350 1,701 266,315 388.696 (6.300) (266.315) (388,696) 118.751 48.816 (48,816) {280,918) 4,607,644 4,326,726 4.730.994 705.528 991.045 4.445.477 Foreshadow Film Fund In 2014, EM Media, the former Regional Screen Agency for the East Midlands, closed for business. Part of this process was to dispose of its assets. in accordance with its Memorandum and Articles of Association, which included those derived from two of its film investment funds,. EMMI ERDF fund and EMMI 2 Regional Development Agency (EMDA) fund. EM Media subsequently entered into trwo Deed of Assignments with Nottingham Media Centre Limrted and. respectively, the Secretary of Stste for Communities and Local Government (for EMMI 1) and The Secretary of Stste for Business Innovatlon and Skllls (for EMMI 2). The renamed Foreshadow Film Fund supports single project development of feature-length fiction and documentary tllms intended for theatrical release. The support may range from seed investment for early research through to advanced stage investment for packaging necessary to secure production finance. Broadway wlll also conslder applying the fund to production finance for documentary films; since the production process can generally be more developmental in nature and progress on small stages of finance compared to fiction films. Any fundlng would, however be considered as a contribution to a production's overall budget rather than beSng reserved for Indivldual parts of the production value chain. The fund has been transferred from restrlcted funds to unrestrlcted funds during the year. BFI Film Hub Midlands Film Hub Midlands is a driving force behind film ￿JIture in the Midlands. By providing funding and training, we aim to 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 entry and we are passionate about being inclusive and open to all. The BFI Film Audience Network (FAN) was set up in 2012, using funds from the National Lottery to support a stronger and more connected approach to growing audiences for British and international film on the big screen. Our region covers Derbyshire. Birmingham. Herefordshire, Leicestershire, Lincolnshire, Nottinghamshire, Northamptonshire, Rutland. Shropshire. Staffordshire. Warknvickshire. and Worcestershire. BFI C-Fan Major Programmo Film Hub Midlands is the cross-FAN lead for Major Programmes four-year. UK-wide. film programming initiative that deliver two National film seasons each year.. one of which is led by BFI (Blockbuster) and one which comes from within the Film Audience Network membership. The aims of the Major Programmes initiative are to: Increase audience engagement with film and deepen the quality of cultural experience Increase the confidence of FAN members to screen a wider range of films Boost the engagement of audiences aged 16-30 Increase the diversity of FAN audiences Raise the profile of film as an art form and create a dialogue about its place in our cultural lrfe 34

NorriNGHAM MEDIA CENTRE LIMITED (A company limit￿ by guarantee and not havlng a shar• ¢apital) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 23. ANALYSIS OF MOVEMENTS IN FUNDS (Continu￿> BFI Network BFI Network and Talent Development works within BFI Hub Midlands to support and develop the next generation of filmmakers at the start of their Ca￿er$. By identifying talent to the BFI, further funding can be available for short film and early feature development. Doferred Capital Grants The restricted fund represents grants for capital expenditure, whith are released over the expected useful lrfe of the relevant assets. 24. CONTINGENT LIABILITIES Company Nottingham Media Centre Limited has guaranteed the bank loan taken out by NMC Commerclal Limited. 25. COMMITMENTS UNDER OPERATING LEASES In November 2019 the charity entered into a 5 year lease for photocopying equipment. The annual lease cost is £928 per annum. Lease commltments Group 2024 Company 2024 2023 2023 Within one year Between two to five years 464 928 928 464 1,392 1,392 26. RESERVE CAPITAL The company is Limited by guarantee wlth no authorlsed or issued share capital. The amounts guaranteed in the nature of reserve capital are £5. These amounts are only 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 Commercial Limited have been dlsclosed in note 8 to the financial statements. Paul Southby (chaimian of the board of trustees} is a partner at Geldards LLP. During the year, professional services totalling £nil (2023: £750) were provided by Geldards LLP to Nottingham Media Centre Limited. At 31 March 2024 a balance of £nil {2023: £nil) is included in cre<litors. Paul Southby is a Director at Marketing Nottingham and Nottinghamshire Limited. During the year. Nottlngham Media Centre purchased an annual 'Visit Notts, membership from this company totalliro £396 (2023: £396}. At 31 March 2024 a balance of £nil (2023: £nil} is included in creditors. There are no further related party transactions during the year {2023: £nil). 35