REGISTERED COMPANY NUMBER: 02277759 (England and Wales)
REGISTERED CHARITY NUMBER.. 802376
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
FOR
SIGNALS ESSEX MEDIA CENTRE LIMITED

SIGNALS ESSEX MEDIA CENTRE LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Page
Report of the Trustees
Independent Examlner's Report
Statem8nt of Financial Activitiès
Balance Sheet
Notes to the Financial Stateménts
8 to 16
Detailed Statement of Flnanclal Actlvltles
17

SIGNALS ESSEX MEDIA CENTRE LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present Ihelr report with the
financial statements of the charity for the year ended 31 March 2024. The Iruslees have adopted the provisions of Accounting
and Reporting by Charities.. Slalemenl of Recomfflended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective 1
January 2019).
OBJECTIVES AND ACTIVITIES
Objectlves and Alms
To advanTr education, promote understanding, appreciation of, and participation in digital arl, film and media for the
benefit of the public. Through..
Maintaining a rnedia arts centre for the benefit of the public.
Helping young people and the disadvantaged enjoy and achieve through creative activities. allowing them lo
develop skills, advance in life and contribute positively lo society.
Encouraging the developrnenl of the art of digital media and film.
Signals uses digital arts for social, leaming, and creative outcomes and is recognised as a specialist in digital and film
education. The organisalion's programme is focused on education and community cenlred co-production activities,
developing creative skills and practical, collaborative productions.
Mission.. Signals supports and facilitates the development of new creative ways of using digital technology to tackle social
need within the region. Signals promotes reaming. diversity, experirnentation and equality and achieves this by working in
partnership with artists, communities and other organisations.
Vision.- Signals is comrnilted to increasing equal access lo digital and creative experiences. Signals vision is to positively
impact peoples, lives by encouraging creativity, developing skills and raising aspirations through creative digital production
and education.
Publlc Beneflt
In deciding a programme of actlvlty and development the trustees have paid due regard lo the Charity Commission guidance
on public benefit. In seeking to achieve our aims Signals is strongly committed lo working inclusively with all people in the
communities il serves, much of its project work is aimed al disadvantaged children and young people who would not usually
have access to rnedia production. 11 is fundarnenlal to Signals work that everyone should be able lo have access lo, and
increase their understanding of, digital. media and filrn.
Signals uses digital technologies, filrn and animation for social. learning and creative outcomes. Signals is a public facility
that offers guidance, facilities and courses to all. Signals operates primarily in Essex but also across the Eastern region and
works in partnership with other organisations and schools. Signals provides projects for disadvantaged groups that are free
for participants and provides resources al ils ￿ntre or travels lo groups enabling full access lo reSoUr￿s. Signals is
especially interested in inspiring people to learn, develop personal skills. and priorilises groups that face barriers in formal
education, either through exclusion from mainstrearn education or a disadvantage that prevents full participation. This could
be behavioural, physical or lack of opportunity.
Voluntèers
Signals has worked with four volunteers this year including Jenny who joined us in September 2023 to support our'Peoples
of Essex Project, for a year as part of her sandwich degree. Signals is able to offer opportunities for volunteers to develop
new skills and lake part in project work.
Page 1

SIGNALS ESSEX MEDIA CENTRE LIMITED
REPORT OF THE TRUSTEES - continued
FOR THE YEAR ENDED 31 MARCH 2024
ACHIEVEMENT AND PERFORMANCE
Achievements
Some key achievements for 202312024..
On the first of April 2023 Signals became an Arts Council England National Portfolio Organisation {NPO). Signals will receive
core funding of £65.000 per year for three years and will be able to apply for an additional year. therefore Signals will have
core funding for four years until 2027 and be a part ofa national NPO network.
The NPO funding enabled Signals to expand ils staff team. needed in order to deliver a larger programme of activity across
Essex.
Key projects included..
This was the first full year of 'Peoples of Essex, project work. The project engaged 775 people over the year in
workshops and activities that explore the history and legacy of migrants in North Essex taking the Colchesler'Dutch
Weavers. as an example of refugees. positive effect on the host city's fortunes.
This 3-year project is funded by the National Lottery Heritage Fund.
Digital Harwich, funded by the National Lottery- Reaching Comrnunities Fund, was launched and has been well
received. Signals aitns to irkcrease creative digital skills and confidence in children and young people in Harwich.
The three-year project also aims lo establish a sustainable skills hub that can continue lo provide digital support
al the projects end. The project has engaged over 500 people in digital learning aclivilies.
Children in Need funded year Autism Friendly Holiday Workshop delivery. These workshops have been very
popular and we have wailing lists for all activities.
Organisational
Signals continues to review and update policy and procedures and consult with stakeholders. 11 seeks to increase quality
and productivity in all that il does and inspire those qualities in the people il works with. Signals will continue lo do all that is
possible to keep overheads to a minimum and diversify its income streams. In this changing economic climate Signals will
regularly review and revise its organisational practices. During the year Signals strengthened its team with the full-time
appointments of a Creative & Leaming Producer in May 2023 and a Media Assistant in December 2023.
Staffing
Staff Structure:
CEO- Full Time
Creative and Learning Producer- Full Tirne
Digital PrOdU￿r- Parl Time
Operations Co-ordinator- Part Time
Media Assistant- Full Time
Page 2

SIGNALS ESSEX MEDIA CENTRE LIMITED
REPORT OF THE TRUSTEES - continued
FOR THE YEAR ENDED 31 MARCH 2024
FINANCIAL REVIEW
Flnanclal position
Signals has a diverse income frorn earned income streams such as commissioned work, equipment, space and skills hire
as well as extensive experience in project fundraising and successful delivery. Signals is also increasingly developing
partnership working.
Signals total reserves increased in the financial year from £53,785 to £98,451, with restricted reserves increasing from
£50,496 to £98,041 and unreslricled reserves reducing from £3,289 to £410.
Reserves pollcy
Signals strives to ensure that it develops an unrestricted reseNe fund of 3 months operational costs. Al this lime, it has not
achieved this figure. 11 aims to build up reseNes annually from earned income, each year Signals aims lo increase
unreslricled reserves by a minimum of £3,000 per year until this largel is achieved.
PRINCIPAL RISKS AND UNCERTAINTIES
The Tnjslees have identified the major risks to which Signals is exposed and consider that the systems in place are adequate
lo miligale those risks. The risks and systems are continually reviewed as appropriate..
The major risks identified include..
Maintaining funding for seNices.
Ensuring correct policies are in place and adhered to when working with young, vulnerable individuals.
FUTURE PLANS
Next year's developrnents are to CA)ntinue to implement the business plan..
To be established as experts in creative digital leaming
To increase the reach and diversity of the organisalion in its Workfor￿ and audience
To improve quality in output and process
To create sustainable growth
To develop talent
In addition, Signals aims lo focus on continuing to deliver ils key projects and schools work and seeks to expand its autism
friendly provision. Signals also aims to increase board diversity in line with the board development plan.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng documont
The charity is conslituled as a company limited by guarantee and is therefore governed by a memorandum and arlide5
of association.
Recrultment and appointment of new trustees
Signals appointment of trustees is by invitation from the existing board and through advertisernenl when need is identified.
Signals strives lo have a balance of expertise, diversity and experience represented on the board of trustees.
A structured and open recruilrnent programme operates and the charlty is continuing in seeking to expand the diversity of its
board and any future appointments will be made in line with increasing diversity of lived experien￿ of communities identified
in project work. gender and ethnicity.
Organisational structure
The charity is organised so that the trustees meet quarterly, ad hoc meetings of the board are also called when the trustees
see fit.
Page 3

SIGNALS ESSEX MEDIA CENTRE LIMITED
REPORT OF THE TRUSTEES - continued
FOR THE YEAR ENDED 31 MARCH 2024
Inductlon and training of new trustees
Signals have a board induction pack which is aimed at provldlng members of the board with all the relevant information to
make them aware of their responsibilities.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
02277759 (England and Wales)
Reglstered Charlty number
802376
Reglstered offlce
Victoria Chambers
St. Runwald Street
Colchester
Essex
C01 1HF
Trustees
Ms D Roome
MrA Grady
Mr N Blower
MrJEMery
Mr J Saward
Mr D F Wotton
Dr S L Smyth
Ms A K Cotterill
resigned 19 June 2024
resigned 14 December 2023
Company Secretary
Ms D Bishop
Independent Examiner
TC Group
11 De Grey Square
De Grey Road
Colchester
C04 5YQ
Admini5tratlon Stsff
RaGhel Hipkiss - Chief Executlve Officer
This report has been prepared In accordance with the special provisions of Part 15 of Companies Act 2006
relating to small companies.
Approved by order of the board of trustees on 18th September 2024 and signed on its behalf by:
Ms D Roome - Trustee
Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
SIGNALS ESSEX MEDIA CENTRE LIMITED
Independent axaminer's rèport to the trusteès of Signals Essex Media Cantre Limlted ('the Company'l
I report lo the charity trustees on my exafflinalion of the accounts of the Company for the year ended 31 March 2024.
Responslbllitles and basls of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the
preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'the 2006 Acl'l.
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and
are eligible for independent examination, I report in respect of my examination of your charitls accounts as carried out under
section 145 of the Charities Act 2011 I'the 2011 Acl'l. In carrying out my examination I have followed the Directions given by
the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examlner's statement
I have completed my examination. I confim that no matters have come to my attention in connection with the exarnination
giving me cause to believe that in any material respect..
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
the accounts do not accord with those records,. or
the accounts do not cornply with the accounting requirernenls of section 396 of the 2006 Act other than any
requirement that the accounts give a true and fair view which is not a matter considered as part of an independent
examination", or
the accounts 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 charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)).
I have no concems and have corne across no other rnatlers in connection with the examination lo which attention should be
drawn in this report in order lo enable a proper understanding of the accounts to be reached.
Jacqueline Frost
ACA
TC Group
11 De Grey Square
De Grey Road
Colchester
C04 5YQ
Io 2024
Page 5

SIGNALS ESSEX MEDIA CENTRE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 MARCH 2024
2024
Total
Funds
2023
Total
Funds
Unreslrlcted
Funds
Restricted
Funds
Notes
INCOME AND ENDOWMENTS FROM
Charitable activities
Education. training and production
81,106
115,500
196.606
168,168
Other trading activities
Other Incorne
Inveslrnenl Incorne
8,186
3,181
411
8,186
3,181
411
3,147
30
Total
92,884
115,500
208,384
171.345
EXPENDITURE ON
Charitable activities
Education, training and production
94,816
68,902
163,718
147,731
NET INCOME I (EXPENDITURE}
(1,9321
46,598
44,666
23,614
Transfers between funds
1947)
947
Net movement in funds
(2,8791
47,545
44,666
23,614
RECONCILIATION OF FUNDS
Total funds bought forward
3,289
50,496
53.785
30,171
TOTAL FUNDS CARRIED FORWARD
410
98,041
98.451
53,785
Page 6

SIGNALS ESSEX MEDIA CENTRE LIMITED
BALANCE SHEET
31 MARCH 2024
2024
2023
Notes
FIXED ASSETS
Tangible assets
11
1,098
2,658
CURRENT ASSETS
Stocks
Debtors falling due within one year
Debtors falling due after one year
Cash at bank and in hand
12
13
13
300
38,803
52,500
14,187
300
9,633
45,584
105,790
55,517
CREDITORS
Amounts falling due within one year
14
18,437)
{4,390)
NET CURRENT ASSETS
44,853
51,127
TOTAL ASSETS LESS CURRENT LIABILITIES
98,451
53.785
NET ASSETS
98,451
53,785
FUNDS
Unreslricled funds
Restricted funds
16
410
98,041
3,289
50.4g6
TOTAL FUNDS
98,451
53,785
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year
ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended
31 March 2024 in accordance with Section 476 ofthe Companies Act 2006.
The trustees acknowledge their responsibilities for
(a)
ensuring that the charitable cornpany keeps accounting records that comply with Sections 386 and 387 of the
Companies Act 2006 and
preparing financial statements which give a true and fair view of the slate of affairs of the charitable company as at
the end of each financial year and of ils surplus or deficitfor each financial year in accordance with the requirements
of Sections 394 and 395 arld which otherwise comply with the requirements of the Companies Act 2006 relating lo
financial statements, so far as applicable to the charitable company.
{b)
These financial slalements have been prepared in accordance with the provisions applicable lo charitable cornpanies
subject lo the srnall companies, regime.
The financial statements were approved by the Board of Trustees on 18th September 2024 and were signed on its behalf
by:
Ms D Roome- Trustee
Mr D Wotton- Trustee
Page 7

SIGNALS ESSEX MEDIA CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES
Basis of praparing the financial statements
The financial statements of the charitable company, which Is a public benefit entlty under FRS 102, have been prepared in
accordance with the Charities SORP {FRS 102) '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 {FRS 102) (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial
Reporting Standard applicable in the UK and Republic of Ireland, and the Cornpanies Act 2006. The financial statements
have been prepared under the historical cost convention and in sterling, which is the functional currency of the charity.
Monetary amounts in these financial statements are rounded lo the nearest £.
Income
All income is recognised in the Statement of Financial Activities once the charity has entillemenl to the funds, il is probable
that the income will be received and the amount can be measured reliably.
Grant income is recognised when the charity is notified that the grant has been awarded and the amount of the grant has
been confimed. Where grants are received before the period for which the grant has been awarded the incorne is deferred
until that period.
Education and production incorne is recognised in the period that the services or courses were provided.
Income from equipment and studio hire is recognised in the period lo which il relates. Hire income received in advance at
the year-end is treated as deferred income.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or conslnjctive obligation committing the charity lo that
expenditure, it is probable that a transfer of econornic benefits will be required in settlement and the amount of the obligation
can be measured reliably. Expenditure is accounted for on an accruals basis and has been dassified under headings that
aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been
allocated to activities on a basis consistent with the use of resources.
Allocatlon and apportionment of costs
Support costs are those costs which have not been directly allocated to an activity of the charity but nevertheless support
those aclivilies. Support costs have been allocated on the basis of the estimated lime involved.
Tangible flxed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings
Computer equipment
200/0 on cost for first year and 10 % on cost thereafter
500/0 on cost for first year and 250/0 on cost thereafter
For simplicity assets costing less than £1.000 are written off in the year of purchase.
Stock5
Stocks are valued al the lower of cost and net realisable value, after making due allowance for obsolete and slow rnoving
items.
Cash and cash equivalents
Cash and cash equivalents include cash in hand, bank deposits held al call and other short-lerm liquid investments with
original malurilies of less than 3 months.
Taxation
The charity is exempt from corporation lax on ils charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Designated funds are unrestricted funds eamarked by the trustees for a particular purpose.
Reslricled funds can only be used for particular reslricled purposes within the objects of the charity. Restrictions arise when
specified by the donor or when funds are raised for particular reslricled purposes.
Further explanation of the nature and purpose of each fund is included in note 16 to the financial statements.
Page 8

SIGNALS ESSEX MEDIA CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 MARCH 2024
Penslon costs and other post-retlrement beneflts
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's
pension scheme are charged to the Statement of Financlal Activities in the period to which they relate.
2. CRITICAL ACCOUNTING ESTIMATES & JUDGEMENTS
In the application of the charity's accounting policies, the Injstees are required lo 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 lo be
relevant. Actual results may differ from these estimates.
The eslirnates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting eslimales 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 revision affects both current and future periods.
In respect of the year ended 31st March 2024, the Injstees have used theirjudgment in the accounting treatment of income
due in respect of NL Reaching Communities - Digltal Harnich and determined that it is receivable in full 81 the slarl of the
project.
3. OTHER TRADING ACTIVITIES
2024
2023
Equipment hirelsales & space hire
Other incorneldonations
6,860
1,326
3,053
94
8,186
3,147
INVESTMENT INCOME
2024
2023
Deposit account interest
411
30
INCOME
Income from charitable activities comprises..
2024
2023
Education. training and production income
Grants
16,106
180,500
35.726
132.442
Total
196.606
168.168
Other Income comprises'.-
Insurance claim proceeds for increased working costs during Covid lockdowns
Business support grant for increased costs during Covid reslriclions
Total
2,681
500
3,181
6. SUPPORT COSTS
Included in expenditure on charitable activities are support wsls of £138,326 (2023.- £110,937) as the charity only has one
activity, all support costs are attributed lo that acllvity.
Page 9

SIGNALS ESSEX MEDIA CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 MARCH 2024
NET INCOME I(EXPENDITURE}
Net incomel(expenditure) is stated after chargingl(creditingl-
2024
2023
Independent examiner's remuneration - IE fee
1,260
1,200
Operating lease - property rental (from 31101120231
11,083
1,817
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended
31 March 2023.
Trustees, expenses
There were no Iruslees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
9. STAFF COSTS
2024
2023
Wages and salaries
Social security costs
Other pension costs
105,622
4,057
2.326
81,630
1,602
1,673
Total staff costs
112,005
84,905
The average monthly number of employees during the year was as follows:
2024
Employees
2024
FTE'S
2023
Employees
2023
FTE'S
Production and Support
No employees received ernolumenls in excess of £60,000.
Page 10

SIGNALS ESSEX MEDIA CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2024
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unreslricled
Funds
Restricted
Funds
Total
Funds
INCOME AND ENDOWMENTS FROM
Charltable activities
Education, training and production
35,726
132,442
168,168
Other trading activities
Inveslrnenl Income
3,147
30
3,147
30
Total
38,903
132,442
171,345
EXPENDITURE ON
Charitable actlvities
Education. trainirbg and production
51,033
96,698
147,731
NET INCOMEIIEXPENDITURE)
{12,1301
35,744
23,614
Transfer between funds
26
26
Net Movement in funds
(12,156)
35,770
23,614
RECONCILIATION OF FUNDS
Total funds brought fonvard
15,445
14,726
30.171
TOTAL FUNDS CARRIED FORWARD
3,289
50.496
53.785
11. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
Computer
and film
equiprnenl
COST
Al 1 April 2023
Additions during the year
Totals
306
27,576
27,882
At 31 March 2024
306
27,576
27,882
OEPRECIATION
Al 1 April 2023
Depreciation during the year
306
24,918
1.560
25,224
1,560
At 31 March 2024
306
26,478
26,784
NET BOOK VALUE
At 31 March 2024
1,098
1,098
At 31 March 2023
2.658
2,658
Page 11

SIGNALS ESSEX MEDIA CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 MARCH 2024
12. STOCKS
2024
2023
Stocks
300
300
13. DEBTORS
2024
2023
Trade debtors
Prepayments & accwed income
88,185
3,118
800
8,833
91,303
9,633
Included in trade debtors above is £52,500 due after more than one year
14. CREDITORS
2024
2023
Trade creditors
Accruals, deposits held and deferred incorne
3.711
4,726
798
3,592
8,437
4,390
15. ANALYSIS OF NET ASSETS BETWEEN FUNDS
2024
Total
Funds
2023
Total
Funds
Unrestricted
Funds
Reslricled
Funds
Fixed assets
Current assets
Current liabilities
1,098
6,800
(7,488)
1,098
105,790
(8,4371
2.658
55,517
14.390)
98,990
{g491
410
98.041
98.451
53.785
Page 12

SIGNALS ESSEX MEDIA CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2024
16. MOVEMENT IN FUNDS
Nel
movement in
fiJnds
Transfers
bebmeen
funds
Al
1.4.23
Al
31.3.24
Unrestrlcted funds
General fund
Arts Council England NPO grant
3,289
{1,932)
(9471
410
Restricted funds
BBC Children in Need
NLHF Peoples of Essex
Awards ForAII- Website
NL Reaching Cornmunities - Digital Harwich
Essex Community Foundation 2023
Essex Community Foundation 2024
Colchester BC - Enjoy Colchesler Fund
2,683
44.413
3,400
(2,6831
(39,555)
(4,3471
88,000
4,858
947
88,000
4,583
600
4.583
600
Totsl Restricted funds
50,496
46,598
947
98.041
TOTAL FUNDS
53,785
44,666
98,451
Nel movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
U nrestricted funds
General fund
Arts Council England NPO grant
Total Unreslricled furids
27.884
65.000
92,884
(29,816)
65,000
{94,8161
{1,9321
(1,932)
Restrlcted funds
BBC Children in Need
NLHF Peoples of Essex
Awards For All - Website
NL Reaching Communities- Digital Harwich
Essex Cornmunity Foundation 2023
Essex Community Foundation 2024
Coichester BC- Enjoy Colchesler Fund
{2,683)
{39,5551
{4.3471
117,000)
14.9001
{4171
{2,683)
(39.5551
14,347)
88,000
105.000
4,900
5.000
600
4,583
600
Total Restricted funds
115,500
{68,9021
46.598
TOTAL FUNDS
208,384
(163.7181
44,666
Page 13

SIGNALS ESSEX MEDIA CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2024
MOVEMENT IN FUNDS- contlnued
Comparatives for movement In funds
Net
movement In
funds
Transfers
be￿een
funds
At
1.4.22
Al
31.3.23
Unrestricted funds
General fund
Designated fund
7,645
7,800
(12.130)
7.774
{7,800)
3,289
Restrlcted funds
BBC Children in Need
NLHF Peoples of Essex
EALC Community Initiative Fund
Colchesler BC Covid recovery support
Colchester BC events support
Awards For All - Website
Essex Community Foundation 2022
4,686
(2.003)
44,413
(4,181)
(485)
(1,4001
3,400
(4.0001
2,683
44,413
4,167
473
1,400
14
12
4,000
3,400
Total Restricted fLJnds
14,726
35.744
26
50.496
TOTAL FUNDS
30,171
23.614
53,785
Comparative net movement in funds, included in the above are as follows-.
Incoming
resources
Resources
expended
Movement
in funds
Unrestrlcted funds
General fund
38.903
(51,0331
{12.130)
Restrlcted funds
BBC Children in Need
NLHF Peoples of Essex
EALC Comrnunily Initiative Fund
Colchester BC Covid recovery support
Colchester BC events support
Awards For All - Vvebsite
ECC Revenue Grant
ACE Plug in Creatives
Fowler Srnith Jones Trust
BFI Film Academy
BFI Film Club
Essex Community Foundation 2022
4.792
46.750
16,7951
{2,337)
14,1811
(485)
(1,4001
1300)
(17,5001
(24,000)
(2,0001
(17,000)
(16,7001
(4.000)
(2.0031
44.413
(4,1811
(485)
(1.4001
3,400
3,700
17,500
24,000
2,000
17,000
16,700
{4,0001
Total Reslricled funds
132.442
{96.6981
35,744
TOTAL FUNDS
171,345
{147,7311
23.614
Page 14

SIGNALS ESSEX MEDIA CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 MARCH 2024
Deslgnated Fund
The designated fund for anticipated costs associated with vacating the premises at a future dale was released in the prior
year, as it was no longer required following the signing of a new 5 year propety lease, with an updated schedule of condition.
effective from 31 January 2023.
Restricted Funds
Resources expended on completed projects exceed incoming resourTrs. by virtue of the staff costs and allocated support
costs altribulable to the project. These costs are included in unrestricted expenditure.
BBC Children in Need= Accessible workshops
Autism Friendly workshops supporting smaller groups with speci81
educational needs. learning digital and filmmaking skills alongside developing confidence, comrnunication and team working.
National Lottery Heritage Fund.. "Peoples of Essex" funding for a three-year project that engages communities in better
understanding the role that migrants and refugees have had in developing north Essex.
Natlonal Lottery Reachlng Communities Fund.. To fund 'Digital Hanmich. a project that supports creative digital access in
Ha￿lch working with local schools and community groups, providing skills training, progression pipelines and local activities.
Essex Community Foundation 2024.. Towards the costs of Signals holiday workshops
Essex Community Foundation 2023: Towards the cost of Game Academy, a weeklong programme that developed game
design skills and provided industry and career progression insights.
Awards ForAII.. Funding towards CRM 50ftrMare and a new website design and build.
Colchester BC Enjoy Colchester Fund= Towards a creative digital networking event in Colchester
17, OTHER FINANCIAL COMMITMENTS
A new five-year lease on its premises at Si Runwald Street was signed effective frorn 31. January 2023, with an annual
rental charge of £12,000 that cornmenced from 24 June 2023. The benefit of the rent-free period is being spread over the
term of the lease. Signals has been at this address since 1998.
18. RELATED PARTY DISCLOSURES
Key management remuneration
The key management personnel comprise the trustees, Chief Executive Officer. Operations Co-ordlnatorl Company
Secretary and the Creative and Learning Producer. The total ernployee benefits of the key management personnel were
£83.824 {2023.' £78,815)
19. GOING CONCERN
Unrestricted and undesignated reserves reduced during the year to £410 and remain short of ils reserve policy goal of
£44.000. During 2023 Signals were successful in securing three grants all of three years duration. NLHF Peoples of Essex
project £93,500 of which 50% was received in February 2023, NL Reaching Communities Fund Digital Ha￿lch project
£105.000 payable in half-yearty instalments of £17,500 that commenced in October 2023 and the ACE NPO award worth
£195,000 over 3 years payable quarterly £16,250 that commenced from April 2023.
The board believe with these funds already seujred and with the expected new grants that will becorne available Signals
will be able lo maintain positive cash flows for the foreseeable future. As a result. the going conGern basis of accounting has
been adopted.
Page 15

SIGNALS ESSEX MEDIA CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2024
20. OPERATING LEASES
As al 31 March 2024 the charity has payrnenls due under operating leases as follows-.
Property
2024
2023
Within one year
Between two and five years
12,000
34.216
12,000
43,216
21. OTHER INFORMATION
The charity is a private company limited by guarantee, incorporated and registered in England & Wales.
The charity's registered office is: Victoria Chambers, St Runwald Street. Colchester, Essex, C01 1 HF.
Page 16

SIGNALS ESSEX MEDIA CENTRE LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
INCOME AND ENDOWMENTS
Other tradlng actlvltles
Equipment hirelsales & space hire
Other incomeldonalions
6,860
1,326
3,053
94
Investment income
Deposit account interest
8,188
3,147
411
30
Charitable activities
Education, training and production
Grants
16.106
180 500
35,726
132,442
Othèr Income- Increas8d costs of working during Covld restrlctions
Insurance claim
Grant
196,606
168,168
2,681
500
3,181
Total Incomlng resources
208,384
171.345
EXPENDITURE
Charitable activities
Exlemal projects
Restricted projects
2,296
8,570
28.224
25,392
36,794
Support cost5 - Management
Wages and Salaries
Social security
Pensions
Rent and rates
Insuran
Energy and water
Repairs. Equipment and waste
Telephone, postage, photocopier, stationery
Travel & conference expenses
Advertising & marketing
Accountinglpayroll system
Subscriptions & publications
Staff costs, development & recruilrnent
Security Alams and Fire Protection
Depreciation Equipment
105,622
4,057
2,326
11.083
2.038
2,716
1,456
2,413
64
519
396
431
472
1,538
81.630
1,602
1,673
10,876
2,005
2,387
690
3,345
68
502
373
1.418
82
1,391
1.320
136.691
109,362
Governance costs
Independent exarniner's fees
Accountancy and professional fees
1.260
375
1,200
375
1,635
1.575
Total resources expended
163,718
147,731
Net Incomellexpendlture)
44,666
23.614
Page 17