BFI Annual Report and Financial Statements
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BRITISH FILM INSTITUTE GROUP AND LOTTERY ANNUAL REPORT AND FINANCIAL STATEMENTS 2014-15 HC 283 SG/2015/98 BRITISH FILM INSTITUTE Group and Lottery Annual Report and Financial Statements for the year ended 31 March 2015 Presented to Parliament pursuant to Section 34(3) and 35(5) of the National Lottery etc. Act 1993 (as amended by the National Lottery Act 1998 and the National Lottery Act 2006). ORDERED BY THE HOUSE OF COMMONS TO BE PRINTED 21 JULY 2015 Presented to the Scottish Parliament pursuant to the Scotland Act 1998 Section 88 Charity Registration no: 287780 HC 283 SG/2015/98 © BRITISH FILM INSTITUTE (2015) The text of this document (this excludes, where present, the Royal Arms and all departmental and agency logos) may be reproduced free of charge in any format or medium providing that it is reproduced accurately and not in a misleading context. The material must be acknowledged as British Film Institute copyright and the document title specified. Where third party material has been identified, permission from the respective copyright holder must be sought. Any enquiries regarding this publication should be sent to us at: [email protected]. You can download this publication from our website at www.bfi.org.uk. Print ISBN 9781474122818 Web ISBN 9781474122825 Printed in the UK by The Stationery Office Limited on behalf of the Controller of Her Majesty’s Stationery Office ID 26061507 07/15 Printed on paper containing 75% recycled fibre content minimum Printed in the UK by the Williams Lea Group on behalf of the Controller of Her Majesty’s Stationery Office CONTENTS BFI ANNUAL REPORT Mission and Values Page 5 Chairman and Chief Executive’s Report Page 6 What we delivered this year Page 9 Public Policy, Research and Statistics, Leadership and Advocacy Page 33 Fundraising and Philanthropy Page 35 Key Performance Measures Page 41 Financial Review Page 44 Public Benefit Page 48 Environmental Sustainability Page 49 How the BFI is Governed Page 51 Remuneration Report Page 58 Corporate Information Page 63 GOVERNANCE STATEMENT Page 64 BFI GROUP AND CHARITY FINANCIAL STATEMENTS Statement of Governors and Accounting Officer’s Responsibilities Page 70 Independent Auditors Report Page 71 BFI Group and Charity Financial Statements Page 73 LOTTERY FINANCIAL STATEMENTS Statement of Governors and Accounting Officer’s Responsibilities Page 96 Certificate and Report of the Comptroller and Auditor General Page 97 Lottery Financial Statements Page 99 Schedule 1: Film Rights Detail as at 31 March 2015 Page 117 Schedule 2: New Soft Commitments Page 127 Schedule 3: Lottery commitments (soft) made by delegate bodies Page 132 STATUTORY BACKGROUND Page 135 MISSION AND VALUES The BFI serves a public role which covers the cultural, creative and economic aspects of film in the UK. Founded in 1933, the BFI is a registered charity governed by Royal Charter. Under the Royal Charter, the BFI has five objectives: • To encourage the development of the arts of film, television and the moving image throughout the UK; • To promote their use as a record of contemporary life and manners; • To promote education about film, television and the moving image generally, and their impact on society; • To promote access to and appreciation of the widest possible range of British and world cinema; • To establish, care for and develop collections reflecting the moving image history and heritage of the UK. Film Forever is the BFI’s strategic plan for 2012-2017, which covers all BFI activity, and focuses on three priority areas: • Expanding education and learning and boosting audience choice; • Supporting the future success of British film; • Unlocking our film and television heritage. In carrying out its duties, the BFI undertakes to: • Consider the views of the industry, our audiences and our partners • Be efficient, effective and accessible • Be honest, open and accountable for our actions • Provide clear and appropriate information, guidance and feedback • Share and learn best practice in order to continually improve the services on offer 5 CHAIRMAN AND CHIEF EXECUTIVE’S REPORT Film, television and all digital moving image are intrinsic to the prosperity of our economy and the richness of our cultural lives. The BFI has a vital role to play in inspiring the next generation of filmmakers and audiences, sparking innovation and creating jobs to drive economic growth. Recent research shows these sectors are worth £6bn annually to the UK economy, employ 143,000 people and that, remarkably, one in ten visitors to the UK come because of images they have seen on screen. The tax reliefs for film and more recently high end TV, animation and video games have played a major part in helping to sustain the UK’s leading position in these competitive global markets and acted as a catalyst for further inward investment. As a result the sector is full of energy and bristling with potential and the creative interplay between film, television, animation and video games is evolving rapidly - driven as much by the audience as by the creators. Digital technology offers a world where many more people in the UK have an opportunity to take part in these sectors. For the BFI it is an exciting era with our role more relevant than ever. The BFI is part of the ‘R&D’ in these industries. Film is a risky business and our role is to find, nurture and motivate emerging talent from all backgrounds, and to support their careers through early productions here in the UK and internationally. Our role is to make it possible for a broad spectrum of British and global cinema to be available for audiences everywhere, so they can embark on their own film adventures, and discover a much wider range of exciting and diverse film voices. Our role is to cherish and make available in the most compelling way we can, the National film collections, to inspire the next generation of audiences, creators and artists. By carrying out these roles we help make the UK one of the most exciting and dynamic places on earth for the creative industries. This document reports on the third complete year of our strategy Film Forever, and this report illustrates the very rich programme of activity and support that we have provided. For young people there are now 12,000 film clubs in schools across the UK installed by ‘INTO FILM’ our funded partner and for those who have aspirations to make a career in the industry, The BFI Film Academy provided over 60 courses, with the top students being selected for one of three professional residential courses learning with the best at The National Film and Television School. We were very proud to have played a small part in supporting an array of films, of which Pride, directed by Matthew Warchus, says so many things about what we do; supporting emerging talent (writer’s first film, producer’s first film, director's second film, and lots of breakthrough roles for new acting talent), brilliantly diverse, an engrossing story of a moment in Britain’s social history in a crowd-pleasing package. The film went on to pick up many awards, was selected for Cannes, was a BAFTA winner and a Golden Globe nominee and best of all, it found a wildly enthusiastic audience. We were also delighted that Paul King, whose first film Bunny and the Bull was funded by the BFI, was spotted by producer David Heyman (Harry Potter, Gravity) and went on to direct the global success story of bears and marmalade in Paddington. Paddington was selected as the premier screening during the GREAT Festival of Creativity in Shanghai, at which a carefully restored, rare early film from China, found in the BFI archive, was presented to China by HRH Prince William. During the Festival we were also delighted that the then Secretary of State Sajid Javid announced the ratification of a landmark co-production treaty between China and the UK, which BFI had been negotiating in partnership with DCMS for some time. In the last three years we have done much to encourage cinemas across the UK to work together to build audiences for British, world and heritage film. We saw audience growth across all our activities, 6 with record attendances and box office income for the BFI London Film Festival and Flare. We welcomed 1.6m visitors to BFI Southbank, and had two of the most successful BFI distribution re- releases ever - the iconic 2001: A Space Odyssey and Blade Runner. Our social media reach grew by a record 200%. One of the ways in which we build audiences is through an annual ‘blockbuster’ themed celebration of film. This year the theme was Sci-fi – Days of Fear and Wonder. More than 200 screens worked together offering the widest ever celebration which included more than a thousand films from across the world. The inventiveness was breathtaking. One such stand-out event was ‘Watch the Skies!’, held at Jodrell Bank with projections onto the actual Observatory dish and screened to audiences of 1,000 people in the heart of the Cheshire countryside. The event wrapped in a ‘Discovery Fair’, hosted by scientists from the University of Manchester, which included demonstrations of the Oculus Rift Virtual Reality headset. Evaluation showed that over a quarter of the entire UK population were aware of the season. Audiences for the BFI’s programme celebrating the cultural value of television grows every year. TV seasons at the Southbank ranged across 193 individual titles and some 11 monthly seasons. Highlights included the start of our two year commitment to be the first organisation to screen the entire canon of the late Dennis Potter on the 20th anniversary of his death.