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← Plymouth Arts Cinema

2025-03-31-accounts

REGISTERED COMPANY NUMBER: 02324916 (England and Wales) REGISTERED CHARITY NUMBER: 800664 Report of the Trustees and Unaudited Financial Statements For The Year Ended 31 March 2025 for Plymouth Arts Cinema TC Bromhead Limited Harscombe House 1 Darklake View Plymouth Devor PL6 7TI SATURDAY A17 AEI9KQY8 27/12/2025 COMPANIES HOUSE

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• Plymouth Arts Cinema Contents of the Financial Statements For The Year Ended 31 March 2025 Report of the Trustees Independent Examiner's Report Statement of Financia! Activities Balance Sheet Notes to the Financial Statements Detailed Statement of Financial Activities Page 1 to 9 10 11 12 13 to 19 20 to 21 •

Plymouth Arts Cinema Report of the Trustees For The Year Ended 31 March 2025 The trustcos who are also directors of the charity for the purposes of the Companies Act 200G, present their report with Since the company qualifies as small under section 383, the strategic report required of medium and large companie: under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required Chairman's Report Since January 2019, Plymouth Arts Centre has been trading as Plymouth Arts Cinema and is now exclusively focusing 1s acates on. independent cinema. In January 2022, the organisation ficially changed its name to Plymouth Arts tante and young end arcade makers and or here and a he man danger rogene was, e decision to no longer run open air cinema events during summer months. The experience of 2023's open air cinem vents showed how precarious it could bo so a now programme of summer activity now centres around bringing familie and children into summer screenings in the cinema. PAC worked hard to maintain and deepen creative partnerships within the city and beyond. It has sustained a strong, but small, staff team throughout the year and continues to be recognised as of strategic importance for cultural provision 1 the South West. Plymouth Arts Cinema is supported by Plymouth City Council and since July 2023 was successful i securing three-year funding from the BFI National Lottery Audience Projects. The second year of funding (2024/25) wa to target the development of family audiences. PAC also benefitted from a third year of funding from the Garfield Weston Foundation, pursued potential sponsors, and secured POP funding for a succassful partnership film project for young people with Fotonow. OBJECTIVES AND ACTIVITIES Objectives and aims The Objectives for which the Association is established are to promote the education of the public in the practice anc appreciation of the arts and letters in the City of Plymouth and the surrounding district within the Counties of Devon anc Cornwall. Founded in 1947, PAC occupies a key place in the cultural life of the city. Significant activities Mission - PAC fosters and delivers distinctive and inspirational contemporary cinema. We want our vibrant programme to excite, challenge and inspire everyone who encountors it and we want to engage as many people as possible. Oui visitors will find unexpected and thought-provoking ideas in a sociable space with a warm wclcome. Values - We strive to be: Open - by inviting people in to work with us, to lead on and respond to new ideas and partnerships; keeping the social aspects of everything we do at the front of our work. Inclusive - by presenting a broader programme across a whole range of cinema and other moving image programmes; and tailoring our offer to reflect and develop our audicnces from our loyal Members, to visitors to Plymouth and specific communities in our city and beyond Creative .. by thinking in unusual ways, working with partners to think and behave differently, to challenge and also lo reassure: to see and support our audiences as creative individuals. Experimental - by seeking new partnerships, trying out new ideas, being brave, examining new trends and leadiny and stimulating debate. Excellent - in everything we do. Keeping abreast of new ideas and national and international developments in film culture. We participate in national programmes and engage with other organisations in national conversations around programme developments in the cinema exhibition actor, whilst supporting the local arts ecology and engaging a broad audience in our high quality programme. Page 1

Plymouth Arts Cinema Report of the Trustees For The Year Ended 31 March 2025 ACHIEVEMENTS AND PERFORMANCE chievements and Performanc AC continues to work with local cultural organisations, building on existing and new partnership THE BOX We contire wonting with The Box to show curated archive contenta before our feature and mini-seasons of films lying • May 2024, PAC ran a South Asian film season to celebrate the exhibition 'Beyond The Page: South Asia liniature Painting and Britain, 1600 to Now In May 2024, the National Gallery turned 200. The Box was one of four partners across the UK working with the Natin at Gae gale die a rata be su ero Deer, a major new commission which wil As part of The Triumph of Art, a public programme of collective and interactive activities and local performance events began in June 2024, curated by Plymouth-based artist Rhys Morgan. PAC hosted 4 cvents as part of this programme in 2024-25, with 2 more events taking place in April and May 2025: - Exhibition on Screen: My National Gallery. Introduced by Rhys Morgan - Jeremy Deller: Everybody in the Place, Introduced by Rhys Morgan - Jill Craigie Double Bill: The Way We Live / Out of Chaos. Introduced by Rhys Morgan - Jeremy Deller Double Bill: English Magic / Putin's Happy. Introduced by Jeremy Deller and Rhys Morgan ARTS UNIVERSITY PLYMOUTH (AUP) PAC supported the Film & Visual Arts BA 2nd year students in developing and promoting their annual short film festival. Specialist Young Arts tutors at AUP ran a Family Workshop as part of our Summer Holiday Cinema season of family-friendly screenings and events. AUP, in partnorship with KK Controls and Equipment, ran a Christmas card competition with local primary schools. Trie winning classes were awarded a free screening of the film The Wild Robot in March 2025. FOTONOW CIC Fotonow ran a Family Cyanotype Workshop as part of our Summer Holiday Cinema season of family-friendly screenings and events. PAC also worked with Fotonow to organise a one-day filmmaking workshop as part of the BFI's Art of Action season (see below). THEATRE ROYAL PLYMOUTH PAC started working with Theatre Royal Plymouth in 2024, to curate a short season of events paying tribute to the silen ilm ora for April 2024, ahead of the world premiere stage adaptation of The Artist at TRP in May 2024. The seasur included: - A screening of 1929's silent film The Diary of a Lost Girl, with live music accompaniment by Wurlitza. - A screening of The Artist, introduced by film historian and critic Pamela Hutchinson. - A screening of Singin' in the Rain. In July 2024, we hosted the TRP event Artists For Change: It's All in, which presented the work created by Bee Jarvis and Natasha Pavey as part of a Jerwood Arts funded placement for carly career artists. The event included a short engagemen oil ine anis, a ser periormande locumentary about TRP's engagement with the artists, a live performance by Bee Jarvis, and the premiere of It's A mergency; a short dance film of Natasha Pavcy's original dance picce, created by Earth Minutes Black History Month: film day with Support from Cornwall and Devon Creative Collective (CoDeCC CIC) Page 2

Plymouth Arts Cinema Report of the Trustees For The Year Ended 31 March 2025 PAC and CoDeCC CIC co-curated 3 screenings on Saturday 26 October to mark Black History Month: - Snapshot short film programme, - A Story of Bones introduced by Helen Thomas - Dahomey We screened Dahomey again later in November, introduced by Rebecca Bridgman, Head of Collections and Programme, The Box. Trans day of visibility double-bill with Trans Pride Plymouth On Saturday 29 March 2025, we hosted a programming takeover by Trans Pride Plymouth with screenings of Shinjuki Boys and The People's Joker Age UK Plymouth PAC also worked with Age UK Plymouth to host a fred and relaxed screening of Elf to fight loneliness and bring yenerations together in the lead up to Christmas. Involvement in national programmes: As part of the British Film Institute's annual blockbuster season, PAC co-curated with Exeter Plioenix "Art of Action: Kicking It", a multi-venue season of events celebrating the women who have advanced action cinema both on and off-screen. Plymouth events (November-December 2024) included: - A screening of Point Break introduced by PAC Film Programmer and Director Anna Navas - A screening of Polite Society presented by Film Critic and Girls On Film podcast host Anna Smith - A one-day filmmaking workshop with Fotonow - Films made during the workshop were shown before the final screening of the season (screening of Yes, Madam!) in 2024-25, PAC also participated in the following national festivals / touring programmes: - Safar Arab Film Festival, June 2024 (3 feature films, 1 short film, 3 screenings). The screening of Life is Beautiful included an introduction and Q&A with Palestinian film director Mohamed Jabaly. - French Film Festival UK, November 2024 (3 films, 6 screenings). Activities around the screenings included a post-film conversation with Stéphanie d'Haussy, from the Alliance Francaise, and comté cheese tasting - Iris on the Move, February 2025 (2 programmes of short films curated by the Iris Prize LGBTQ+ Film Festival) - Japan Foundation Touring Film Programme, March 2024 (4 films, 4 screenings, one of them introduced in person by programme coordinator Junko Takekawa) - Exhibition on Screen (4 screenings) - Into Film free school screenings (7 screenings, July 2024, November 2024 and March 2025) - Escapes, a multi-year audience development programme, working with 150+ cinemas across the UK to deliver monthly screenings, completely free for audiences. The audience gets the chance to watch a preview screening of a new independent film. The aim is to bring new audiences to independent cinemas, especially those who never or no longer go to the cinema. All Escapes events are shown with Descriptive Subtitles for access and inclusivity. PAC hosted 7 screenings in 2024-25 (1 of them was for family audiences). All these initiatives give local audiences the opportunity to see films and experience events which can traditionally be hard to access outside of London, further establishing PAC as a key provider of cultural content for Plymouth and the wider area. Guests who visited PAC this year to present a film included: - The Trust Fall - a documentary about Julian Assange, was introduced by Sarah Saunders, a close friend of the Assange family. - A Sudden Glimpse to Deeper Things - Q&A with director Mark Cousins - Silent Men - a film about men's mental health, introduced by local representatives of Andy's Man Club - Filmed-in-Plymouth Remembrance - 1 screening introduced and followed by Q&A with the film's scriptwriter, Hugh Stoddart and local writer Johnny Mains. • Celebrating David Lynch: Blue Velvet - 1 screening introduced by Anna Navas and Eleanor Tomas, founder of Eek! Film Club - Texas Chainsaw Massacre - the classic horror was introduced by Cornish-based film producer Pat Kelman as part of his Film Club "GREEN SCREEN" In 2024-25, we continued to host screenings to raise awareness of environmental issues, under the label "Green Screen": Six Inches of Soil, followed by a Q&d with a local notwork of regenorative farmers - Plymouth Urban Tree Festival: Notice this Tree activities + The Happy Man Tree screenin - Wilding (3 screenings, 2 introduced by Poole Farm) Page 3

Plymouth Arts Cinema Report of the Trustees For The Year Ended 31 March 2025 - Cornwall Climate Stories: 2 events (1 screening of Power to the People, hosted by Climate Action Plymouth, with a Q&A panel; 1 launch screening of #ClimateScam? with Q&A panel) - Dartmoor Calling: 2 screenings with intro and Q&A with representatives of the organisations featured in the film. - Climate Connections: Local Climate Legends screening - 99p Films: The Temperate Rainforest, selection of short films We continue to work with local grassroot organisations to organise those events. One of the coordinators of the Climate Action Plymouth group said: "Plymouth Arts Cinema does a great job in bringing people together and plays a very special role in Plymouth's society." Family and Young People Audience development which we have run for more than a decade: to take he pie unf trout hat won a beto. us and or ur rice dierent workshops alongside the arenings or the smaller, more independent films, it worked well to arrange a more involved workshop with professional leader Ithough they are not particularly profit making in themselves, these all sold out, and filling a workshop with 15 place translates to 30+ cinema ticket sales. In terms of audience development, we put PAC on the map for family activities in Plymouth, with 90 new bookers over the summer. From anecdotal ovidence and the audience survey, audiences approciated tho adjuctmonto wo mado to mako tho environment neurodiverse/ small child friendly. Following a successful Summer Holiday Season, we continue to host Family Friendly screenings on weekday morning luring the school holidays. We also experimented with Saturday morning screenings in the lead up to Christmas Short films ' short films curated by ^ Sometimes project as part of the Artist Moving Image programme "Moving Waters" wer screened before selected filme in our October programme. The Sometimes project is an emerging, experimental art initiative that aims to create opportunities for artists and audiences. In December PAC hosted a BFI NETWORK Short Film Showcase. A selection of short films supported and part-funded by BFI NETWORK was followed by a Q&A with BFl Network talent executive Nadia Attia and filmmaker Cornwall Investment programme Other highlights In March 2024, PAC was one of the 5 businesses with the most nominations in the Best Arts, Culture & Theatre venue category in Devon for the Muddy Stilettos Awards 2024. PAC went on to win the regional award in May 2024 by publi vote and was then shortlisted by a judging panel as a Finalist in the National Muddy Stilettos Awards 2024 alongside other venues in the UK. Page 4

Plymouth Arts Cinema Report of the Trustees For The Year Ended 31 March 2025 ACHIEVEMENTS AND PERFORMANCE REVIEW OF ACTIVITIES IN FIGURES Figures in () are last year's figures. In 2024-25, we welcomed 16,763 people through our doors over 564 events and showed 163 different films. (14,166 / 563 / 163) 47% of our audience were first timo attendees. (48) 33% of our audience attended two or more times. (34) • 35 screenings with Descriptive Subtitles, 879 tickets (31 / 733) • 1 Relaxed screening (60 tickets) of It's a Wonderful Life (5 / 35) - 4 Bringing in Baby screenings, 18 tickets (11 / 107) - We shifted to a Family Friendly / Bringing in Baby hybrid format - 18 Family / Bringing in Baby screening (1,036 tickets) - these screenings are also relaxed (suitable for neurodiverse audiences) - no figures from last year as this is a new programming strand - 7 workshops (96 participants - all fully booked) - 7 Escapes screenings (383 tickets) - all with Descriptive Subtitles (new) - 7 free school screenings (as part of the national into Film Festival) with 459 attendees (6 / 361) 25(10) artioles published on our blog (https://plymouthartscinema.org/blog/) - 131,912 visits to our website (total visits, which includes repeat visitors) (137,982) Facebook - 11k followers (11k) Instagram - 5,447 followers (4,568) Letterboxd - 77 followers (new) 30 volunteers, supporting cinema ushering, event stewarding and programme marketing (30) FINANCIAL REVIEW Reserves policy PAC's reserve's policy is to have unrestricted funds, not committed in designated funds or fixed assets, approximately equal to eight weeks of the charity's overheads, in line with industry practice. This equates in the new operations to approximately £34,000. At the year end, there were no unrestricted reserves with the balance sheet showing a deficit of £25,244 (2024: £23,781) Page 5

Plymouth Arts Cinema Report of the Trustees For The Year Ended 31 March 2025 FINANCIAL REVIEW Going concern PAC has received: - £15,000 from the Garfield Weston Foundation to go towards core costs for 2024-25. Another £5,000 will be awarded for 2025-26. £20,000 from Plymouth City Council for 2024-25 under the annual Service Level Agreement (SLA) and this funding wi ontinue into the 2025-26 financial yea - £45,000 for the second year of BFl National Lottery Audience Projects Fund awarded in 2022-23 (total of £120,000 spanning three years from August 2023 to March 2026, £45,000 for the first and second years, running from Augus 2023 to July 2025, and then £30,000 for the remaining 8 months of the 2025/26 financial year. - £4,657 from Watershed relating to Cinema Incentive Scheme bonus award for 2023. - £2,000 from Watershed relating to the Art of Action Programme. The remaining £500 will be awarded in 2025-26. - £2,000 from Watershed relating to Cincma Incentive Scheme for 2024. - £1,779.32 from Watershed relating to Cinema Incentive Scheme bonus award for 2024. - £10,000 from Foyle Foundation relating to core costs relating to 2024/2025. Besides its earned income from ticket sales, its cafe/bar and other sources of income, Plymouth Arts Cinema has historically relied on regular funding from the BFl and Plymouth City Council, but in recent years has branched out to going concern basis in preparing financial statements. Further details regarding the adoption of the going concer basis can be found in the Accounting Policies. FUTURE PLANS Key Objectives 2026 - 2029 - Create a period of financial stability and build sustainability into the Business Plan the city's cultural changes cultural landscape. Clear audience o increase engagement among young audionces, especially older children who are currently underrepresented o build meaningful partnerchip with organisations supporting refugees and asylum seekers, creating programnies tha reflect changing city demographics; o reduce social isolation among older audiences through tailored activity and engagement. - Build PAC's position within the local community with local businesses, charities, and cultural organisations, and nurturing local talent: PAC will collaborate with Plymouth City Council and Plymouth Culture to strengthen the region's film and moving-image ecology. By building networks that support emerging talent, encourage creative exchange and shape a regional identity, PAC aims to nurture a culture that retains talent and enrichies thie cily's on-screen offer. - Build national profile: PAC will build on its reputation as a centre of excellence, in programming, its ability to stimulate audiences for cultural cinema and its contribution to UK-wide conversations about the significance and impact of cultural cinema. Key Objectives for 2025/26 - To stabilise the business as it emerges from the effects of the global Covid-19 pandemic. .. To ro engage and dovelop audionces, particularly those disadvantaged through socio-economic deprivation, as well as families and young people and diverse audience groups reflecting the changing demographic of Plymouth. ..To custain a cultural cinoma offer of significance within Plymouth and the South West for the wider community, and continue to grow our audiences and partnerships. - To lead the development of independent cinema in Plymouth and the wider region, and to nurture talent. Page 6

Plymouth Arts Cinema Report of the Trustees For The Year Ended 31 March 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its govering document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Charity constitution PAC is a company limited by guarantee governed by its Memorandum and Articles of Association dated 9 December 2021. It is registorod as a charity with the Charity Commission. Recruitment and appointment of new trustees As set out in the Articles of Association, the Directors may appoint a person who is willing to act as a Director. The term of office of an individual appointed as a Director is 4 consecutive years from the date of his or her appointment. The Treasurer and Deputy Chair. Organisational structure and Decision making The Board of Trustees, which must have a minimum of three and a maximum of ten, administers the Charity. The Board normally meets on a bi-monthly basis. An Executive Director and Film Programmer is appointed by the Trustees to manage the day to day operations of the charity. To facilitate effective opcrations, the Executive Director and Film Programmer has delegated authority, within terms of delegation approved by the trustees, for operational matters including finance, employment and artistic performance related activity. The Board of Trustees make up a dynamic group with a range of skills reflecting our activities. Across the Board our specialist areas include media, arts management, contemporary art, cinema and moving image, architecture, financial and education. Induction and training of new trustees New Trustees undergo an orientation meeting to brief them on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the committee and decision-making processes, the business plan and recent financial performance of the charity. During the induction process they meet key employees and other Trustees. Pay Policy for Senior Staff The Trustees and Board of Trustees have devolved responsibility for day to day management of the Charity to the key management personnel. The key management personnel is comprised of Anna Navas, Executive Director and Film Programmer, who implements the policies laid down by the Trustees and reports back to them on performance. Further details regarding key management personnel are disclosed in noto 6. Remuneration for senior staff is reviewed and approved by the Board of Trustees. Related parties None of our Trustees receive remuneration or other benefit from their work with the Charity. Page 7

Plymouth Arts Cinema Report of the Trustees For The Year Ended 31 March 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management The management committee has conducted its own review of the major risks to which the charity is exposed, and syslems have been established to mitigate those risks. Significant risks include: Funding indent eis arisk as ate re in no pectedale pra man for conf genered ure on new projector in May 2025, with such Repayments of the Social Enterprise Investment Fund interest-free loan to Plymouth City Council continued throughou he year on an agreed regular monthly basis but remains a risk ymouth Arts Cinema has been mitigating this funding risk by developing a vigorous fundraising strategy, submitti rther applications to trusts and foundations, pursuing potential sponsors, increasing ticket and bar prices, and seeki savings on expenditure where possible. Internal risks Internal risks are minimised by the implementation of procedures for authorisation of all transactions and projecls and lo ensure consistent quality of delivery for all operational aspects of the charitable company. These procedures are periodically reviewed to ensure that they still meet the needs of the charity. Risk assessments are reviewed as part of the senior management structure. External Risks External risks include the existence of two large-chain multiplexes in the city and the opening of another national chain (Everyman) at Royal William Yard in June 2023. PAÇ monitors audience figures carefully to note any changes due to other cinema activity in the city. Marketing stratogies are developed to strengthen PAC audience loyalty and increase visibility. PAC programming is different to mainstream cinema activity and PAC Senior Management Team regularly assesses any programme changes which can enhance its unique offer in the city. The ongoing impact of Covid-19 pandemic on the business is being carefully monitored and audience retur rates are analysed regularly. Increased communication with regional and national industry bodies (BF| Hub SW and UK Cinema Exhibitors Association) allows for greater understanding of the impact across the sector and better knowledge sharing. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 02324916 (England and Wales) Registered Charity number 800664 Registered office c/o Arts University Plymouth Tavistock Place Plymouth Devon PL4 8AT Trustees JM Noble A A Piccini P K Brookes SL Owens (resigned 9.12.24) S M Wolstenholme (appointed 26.9.24) J K Scott (appointed 28.11.24) H Anderson (appointed 30.7.25) G M Allen (appointed 21.5.25) Company Secretary M Le Tual Page 8

Plymouth Arts Cinema Report of the Trustees For The Year Ended 31 March 2025 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner TC Bromhead Limited Harscombe House 1 Darklake View Plymouth Devon PL6 7TL Approved by order of the board of trustees on... 19/12/2025 and signed on its behalf by: S M Wolstenholme - Trustee Page 9

Independent Examiner's Report to the Trustees of Plymouth Arts Cinema Independent Examiner's Report I report to the trustees on my examination of the financial statements Plymouth Arts Cinema (the charity) for the year ended 31 March 2025. Responsibilities and basis of report Is the trustees of the charity (and also its directors for the purposes of company law) yuu alt responsible for th reparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act laving satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of th 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's financia statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination | have followed all the applicable Directions given by the Charity Commission under seclion 145(5)(b) uf the 2011 Act. Independent examiner's statement I have completed my examination. I confim that no matters have coine lo iny attention in connection with the examination giving me cauco to believe that in any matcrial respect: 1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or 2. the financial statements do not accord with those records; or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other tha ly requirement that the accounts give a truc and fair view which is not a matter cunsidered as part of an independer examination; or 4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to 5. charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I draw your attention to note 1 in the accounts relating to the going concer accounting policy. The company's ability to continue to operate is reliant on grant funding, the exact levels of which are unknown therefore a material uncertainty exists. I have no further concerns in connection with the independent examination to which attention should be drawn in the report to enable a proper understanding of the accounts to be reached. Neil Stevens ACA TC Bromhead Limited Harscombe House 1 Darklake View Plymouth Devon PL6 7TL Date:... Page 10

INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities Investment income Total EXPENDITURE ON Raising funds Charitable activities Arts Cinema Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD Plymouth Arts Cinema Statement of Financial Activities or The Year Ended 31 March 202: Unrestricted funds Notes 107,080 127,612 241 234,933 68,687 162,542 231,229 3,704 (28,948) (25,244) • Restricted funds - : 31.3.25 Total funds 107,080 127,612 241 234,933 31.3.24 Total funds 108,313 123,449 109 231,871 - 5,167 5,167 (5,167) 5,167 68,687 167,709 236,396 (1,463) (23,781) (25,244) 54,945 176,373 231,318 553 (24,334) (23,781) The notes form part of these financial statements Page 11

Plymouth Arts Cinema Balance Sheet 31 March 2025 FIXED ASSETS Tangible assets CURRENT ASSETS Stocks Debtors Cash at bank and in hand Notes 8 Unrestricted funds € 11,446 Restricted funds 31.3.25 Total funds 31.3.24 Total funds. 11,446 3,128 % 2,824 1,994 38,113 42,931 2,824 1,994 38,113 42,931 1,681 13,089 38,443 53,213 CREDITORS Amounts falling due within one year 11 (24,871) (24,871) (23,872) NET CURRENT ASSETS 18,060 18,060 29,341 TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 29,506 29,506 32,469 12 (54,750) (54,750) (56,250) NET ASSETS FUNDS Unrestricted funds Restricted funds TOTAL FUNDS (25,244) (25,244) (23,781) 14 (25,244) (25,244) (28,948) 5,167 (23,781) The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The members have not required the company to obtain an audit of its financial statements for the year ende 31 March 2025 in accordance with Section 476 of the Companies Act 2006 The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps. accounting records that comply with Sections 386 and 387 of the (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue 19/12/2025 and were signed on its behalf by: Suf westenhome S M Wolstenholme - Trustee The notes form part of these financial statements Page 12

Plymouth Arts Cinema Notes to the Financial Statements For The Year Ended 31 March 2025 1. ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the chantable company, which is a public benefit entity under FRS 102, have beer prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statemen 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balanc Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included ir creditors as deferred income. Where entitlement occurs before income is received, the income is accrued Expenditure iabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing tt harity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement an All expenditure is inclusive of irrecoverable VAT. Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery Fixtures and fittings Computer equipment Straight line over 15 years Straight line over 15 years Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arisc when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nalure and purpose of each fund is included in the notes to the financial statements. Ponsion costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short term maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Page 13 continued... == =

Plymouth Arts Cinema lotes to the Financial Statements - continue or The Year Ended 31 March 202 1. ACCOUNTING POLICIES - continued Cash at bank and in hand Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Liabilities and provisions Liabilities are recognised when there is an obligation at the Balance SHeet date as a result of a past event, it i orobable that a transfer of economic benefit will be required in settlement, and the amount of the settlement car be estimated reliably. Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amoun t has received and advance payments for goods or services it must provide recognised in the Statement of Financial Activities as a finance cost. Song to Are Cinema continues to receive £20,000 per annum from Plymouth Cily Council under the annua service Level Agreement (SLA). The Company has also secured funding from British Film Institute of £120,00 2. OTHER TRADING ACTIVITIES Professional events Bar takings and commission Publicity and promotion Membership income Other income 31.3.25 89,342 26,397 8.83 127,612 31.3.24 77,658 23,864 6,100 6,482 9,345 123,449 3. 4. INVESTMENT INCOME Deposit account interest NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): 31.325 241 3.324 Independent examiners fee Depreciation - owned assets 31.3.25 3,310 2,912 31.3.24 13.620 Page 14 continued...

5. 6. 7. Plymouth Arts Cinema Notes to the Financial Statements - continued For The Year Ended 31 March 2025 TRUSTEES' REMUNERATION AND BENEFITS There were no trustees' remuneration or benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees' expenses There were no trustees' expenses for the year ended 31 March 2025 nor for the year ended 31 March 2024. STAFF COSTS The average monthly number of employees during the year was as follows: Support staff 31.3.25 8 31.3.24 8 No employees received emoluments in excess of £60,000. Total remuneration received by key management personnel (including employers pension contributions) is £26,753 (2024: £25,974). COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities Investment income Total EXPENDITURE ON Raising funds Charitable activities Arts Cinema Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 101,343 123,449 109 224,901 Restricted funds 6,970 : 6,970 Total funds 108,313 123,449 109 231,871 53,142 176,373 229,515 (4,614) (24,334) (28,948) 1,803 - 1,803 5,167 54,945 176,373 231,318 553 5,167 (24,334) (23,781) Page 15 continued...

9. 10. Plymouth Arts Cinema Notes to the Financial Statements - continued For The Year Ended 31 March 2025 TANGIBLE FIXED ASSETS Plant and machinery Fixtures and fittings COST At 1 April 2024 Additions At 31 March 2025 DEPRECIATION At 1 April 2024 Charge for year At 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 94,967 - 94,967 93,341 1,250 94,591 376 - 1,626 STOCKS Stocks DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors Prepayments and accrued income 359 359 216 54 270 89 143 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other loans (see note 13) Trade creditors Social security and other taxes Other creditors Accruals and deferred income Page 16 Computer equipment 2,330 11,230 13,560 971 1,608 2,579 10,981 1,359 31. 3.25 2,824 31.3.25 678 1,316 1,994 31.3.25 1,500 11,372 1,648 2,733 3,308 24,871 Totals 97,656 11,230 108,886 94,528 2,912 97,440 11,446 3,128 31.3.24 1,681 31.3.24 € 11,250 1,839 13,089 31.3.24 1,500 3,402 1,980 4,198 9,642 3,150 23,872 continued...

12. Plymouth Arts Cinema Notes to the Financial Statements - continued For The Year Ended 31 March 2025 CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Other loans (see note 13) 13. LOANS An analysis of the maturity of loans is given below. 14. Amounts falling due within one year on demand: Other loans Amounts falling between one and two years; Other loans - 1-2 years Amounts falling due between two and five years: Other loans - 2-5 years Amounts falling due in more than five years: Repayable by instalments: Other loans more 5yrs instal MOVEMENT IN FUNDS Unrestricted funds Arts Cinema Restricted funds Powell and Pressburger The Box TOTAL FUNDS Net movement in funds, included in the above are as follows: AL 14.24 (28,948) 4,367 800 5,167 (23,781) Unrestricted funds Arts Cinema Restricted funds Powell and Pressburger The Box TOTAL FUNDS Incoming resources 234,933 : - 234,933 Page 17 3.325 54,750 31.3.25 1,500 1,500 4,500 48,750 Net movement in funds 3,704 (4,367) (800) (5,167) (1,463) Resources expended (231,229) (4,367) (800) (5,167) (236,396) 31.3.24 56,250 31.3.24 € 1,500 1,500 4,500 50,250. At 31.3.25 (25,244) : - (25,244) Movement in funds € 3,704 (4,367) (800) (5,167) (1,463) continued...

• 14. Plymouth Arts Cinema Notes to the Financial Statements - continued For The Year Ended 31 March 2025 MOVEMENT IN FUNDS -continued Comparatives for movement in funds A11.23 (24,334) Net movement infunds (4,614) Unrestricted funds Arts Cinema Restricted funds Powell and Pressburger The Box TOTAL FUNDS Comparative net movement in funds, included in the above are as follows: : (24,334) Incoming resources € 224,901 4,367 800 5,167 553 Resources expended (229,515) Unrestricted funds Arts Cinema Restricted funds Powell and Pressburger The Box Watershed Arts Trust Ltd 6,000 800 TOTAL FUNDS 170 6,970 231,871 A current year 12 months and prior year 12 months combined position is as follows: Unrestricted funds Arts Cinema AL 14.23 (24,334) TOTAL FUNDS (24,334) (1,633) (170) (1,803) (231,318) Net movement in funds (910) (910) Page 18 At 31.3.24 (28,948) 4,367 800 5,167 (23,781) Movement in funds (4,614) 4,367 800 - 5,167 553 31.3.25 (25,244) (25,244) continued...

14. Plymouth Arts Cinema Notes to the ear Ends 31 Mars- continued MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds 459,834 (460,744) (910) Unrestricted funds Arts Cinema Restricted funds Powell and Pressburger The Box Watershed Arts Trust Ltd 6,000 800 170 6,970 466,804 (6,000) (800) (170) (6,970) (467,714) : TOTAL FUNDS (910) Watershed Arts Trust Limited A Grant for the Typist Artist Pirate King Screening 2023. Powell and Pressburger A grant for the Fan Exhibition Fund for 2023. The Box A grant for a project to run a South Asian Film Season in the Spring of 2024. 15. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2025 nor were there for the year ended 31 March 2024. 16. PENSION COMMITMENTS The company operates a defined contribution pension scheme. The assets are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £2,213 (2024: £2,061). 17. CONTROLLING PARTY The charitable company is controlled by its Trustees. Page 19

Plymouth Arts Cinema Detailed Statement of Financial Activities For The Year Ended 31 March 2025 Support costs Governance costs Independent examiner's fees Total resources expended Net (expenditure)/income 31.3.25 3,310 236,396 (1,463) 31.3.24 € 3,150 231,318 553 This page does not form part of the statutory financial statements Page 21