Dundee Contemporary Arts reported a £62,000 rise in income last year, despite its cinema being out of action for two weeks.
Total income for the year ending March 31 2013 was £1,760,444, a slight rise on the previous year’s £1,698,297.
Despite recording an overall deficit of £70,333 due to pension adjustments, the trustees whose number includes city councillors, academics and artists said they were satisfied with the DCA’s performance.
The cultural centre said the deficit was down to the cost of refurbishing its two-screen cinema and a £45,047 charge incurred as a result of an adjustment to its pension schemes.
“Given the general economic conditions the trustees are satisfied with the increase (in income), with all main charitable activities generating increased funds,” the report stated.
It continued: “Overall, the directors are satisfied with the results of the year and feel that the company has succeeded in achieving its prime objective of promoting the arts and culture for the people of Dundee and beyond.”
Cinema income for the year rose from £624,372 to £644,357 despite it being closed for a fortnight to allow refurbishment work to go ahead.
There are also plans to refurbish the DCA’s shop, with a budget of £25,000 agreed for the project.
Work is expected to begin at the end of next month.
A small “pop-up” shop will be created while refurbishment work takes place.
The trustee’s report adds: “With clear and positive support from all its major stakeholders, DCA enters 2013/14 with a strong commitment to sustain its programme and its audiences during economically straitened times.
“Work continues in ensuring the organisation is doing all it can to deliver excellent value to audiences and artists, and it is leading on partnerships both nationally and locally to ensure every opportunity to achieve this is explored.
“DCA continues to be a major factor in the local economy in terms of both economic activity and employment, with the centre directly sustaining 71 full-time equivalent jobs as well as providing work opportunities for 26 sessional artists (many of whom either work as artists or across other cultural institutions in Dundee and beyond).”
Chief executive Clive Gillman said: “The cinema was closed for refurbishment and it has been a great success.
“We have built a really good audience for it and are getting audiences right through the day.
“But we haven’t compromised our programme at all. It is still a really strong art-house line-up”
He added that live broadcasts from the National Theatre and Metropolitan Opera had also won an audience, as had experiments with other live broadcasts.
“We did a question and answer with John Cooper Clark from Newcastle, and the Doctor Who special sold out.”
DCA’s current lease with Dundee City Council for the building runs out in 2015.
Mr Gillman said: “We are already talking to the council and don’t expect it to cause any interference or break in the services we provide.”
Dundee City Council also meets the cost of the DCA’s heat, light and cleaning services.
He added that Dundee’s recent bid for the 2017 City of Culture title had helped raise the profile of the city, and believes the opening of the V&A will help drive the city further forward.