Company Number 1730697 (England and Wales) Charity Number 1035742 ## **CINENOVA LIMITED** **Abbreviated Accounts For the year to 31 March 2024** **Registered Office 205 Well Street, London E9 6QU** ## **CINENOVA LIMITED** ## **Company Information** Company Limited by Guarantee: Company Number 1730697 (England and Wales) Registered Charity Number 1035742. The companies governing document is its Memorandum and Articles of Association dated 1996. **Registered Office** 205 Well Street London E9 6QU Cinenova Office 46c Brooksby’s Walk London E9 6DA ## **Directors/Trustees** Elaine Burrows (resigned 18 December 2024) Emma Hedditch Irene Revell Louise Shelley (appointed 18 December 2024) Moira Salt (appointed 18 December 2024) **Company Secretary** Margaret Trotter ## **Independent Examiner** Margaret Trotter FCCA 205 Well Street London E9 6QU ## **Bankers** National Westminster Bank PLC 403 Bethnal Green Road London E2 0AF ## **CINENOVA LIMITED REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024** ## **Trustees Report April 2023 - March 2024** ## **1. Reference and Administrative Information:** Throughout 2023/24 Cinenova continued to promote the work of feminist filmmakers without revenue funding. This year, the organisation contracted Reman Sedani to work on distribution projects one day per week on a freelance contract for a limited period. Otherwise, Cinenova relies on its Working Group volunteer base and committed board members Elaine Burrows, Irene Revell and Emma Hedditch and Company Secretary Margaret Trotter. Grateful thanks are due to the Working Group of volunteers: Charlotte Procter (LUX), Irene Revell (independent curator and doctoral researcher, LCC), Louise Shelley (Art on the Underground), Emma Hedditch (artist), and Moira Salt (artist based in Glasgow). Cinenova operates from 46c Brooksby’s Walk, London E9 6DA. Cinenova is the main tenant and not/nowhere is subtenant. The building is owned by Kate Parker. Cinenova has continued to build on existing partnerships with BFI, LUX and DIY Space for London, who support the work of Cinenova by offering the organisation both exhibition and screening space, and an opportunity for cross-marketing and a sharing of audiences. In 2023/24 we curated programmes with partners both nationally and internationally. ## **2. Structure, governance and management** Most of our film prints are held at the BFI in Berkhamsted, and a fee is paid when prints are withdrawn for screening or digitization. A number of prints that were held at LUX have now been moved to our space at Brooksby’s walk and we are in the process of finding a new storage option with LSA for a fee. All other video and paper material is stored at 46C Brooksby’s Walk. Films and videos are booked and processed by Reman Sadani, and the overall management of finances remains with the Cinenova board of trustees. Royalties for film and video makers are calculated on an annual basis less administration fees. As a volunteer-run organisation, we are contracted to distribute royalty income not lower than £25 in the case of international accounts or where the film/video-maker cannot be contacted after three attempts. In such cases, amounts are used to promote all film and video makers and the Cinenova website. ## **3. Objectives and activities** Cinenova actively distributes feminist film and video, with a collection that hosts experimental, narrative, and feature-length films, documentaries, artists’ moving images, and educational films and videos. The collection is exhibited through national and international screenings, exhibitions, conferences, and events in addition to requests to assist curatorial, artistic, and student-led research sent to the group. We support the dissemination of Cinenova’s work and history as broadly as possible, with the Working Group often invited to present and introduce films nationally and internationally, speaking at talks, conferences, and universities, and running workshops. Throughout 2023/4 Cinenova fulfilled rental and exhibition agreements with the exhibition Women In Revolt! Art and Activism in the UK 1970-1990 at Tate Britain. Cinenova supported the documentary film festival Open City in their festival programming at the ICA in London followed by a week-long run of Leila and The Wolves by Heiny Srour at the ICA, which garnered press coverage from Tank magazine, Mubi notebooks, and the BFI. Project Arts Center in Dublin organised a project with the film Scuola Senza Fine by Adriana Monti and was supported by programming with working group member Charlotte Procter. ## **4. Achievements and performance** Cinenova has built out the new location at 46c Brooksby’s Walk in Hackney. This space is shared with the organisation not/nowhere and includes office, storage, and meeting space. Storage space and office setup were completed during 2022/23. The space is owned by Kate Parker and has been rented to us at a low cost, reducing our overall expenditure for storage and a former office space. During this year we completed many of the necessary safety checks and improved our access to the collection by having a regular opening day on Tuesday’s. In 2023/24 distribution has remained at a consistent level as the Working Group has continued to research and re-establish connections lost with many of the filmmakers and organisations. Income generation has further been supported by an increased number of fees for speaking and curatorial engagements, as well as notably several significant individual donations to the organisation. ## **5. Financial review** Results for the year we added £5,314 to our unrestricted reserves. Income was generated from film sales and hires and co-sharing space with/nowhere. Income was £32,802 (2023: £17,495) and expenditure was £31,686 (2023: £31,208) mainly on the project the Work We Share’, spending our restricted reserves brought forward for the project. Reserves at the end of the year were Unrestricted £36,852 (2023: £31,539) and Restricted £ 1,982 (2023: £7,245) totaling £38,834. (2023: £38,783). The charity has assessed risks and concludes that as the charity is administered voluntarily, running costs are low and the reserves are adequate to continue the charity as a going concern. ## **6. Plans for future periods** A key objective for 2024/25 and beyond is to address the organisation’s physical archive (not including films and video in distribution) to research and develop a database and access solutions for film and paper archive materials. There is an ongoing commitment to the preservation of the collection’s film and video materials, and there will be an emphasis on fundraising geared toward preservation grants and partnerships with other organisations. There is an emphasis on future audience development and public programmes in the organisation’s own space with local audiences. Another key goal is to bring new Trustees to the board and define roles and responsibilities. ## **Trustees Responsibilities Statement** The trustees who are also directors of the company are responsible for preparing the trustees report and the financial statements in accordance with applicable law and UK accounts standards. The Trustees must be satisfied that the financial statement gives a true and fair view of the state of the affairs of the charity and of the incoming resources and application of resources. In preparing these financial statements the Trustees are required to: Select suitable accounting policies and apply them consistently; Observe the method and principles in the Charity SORP; Make judgments and accounting estimates that are reasonable and prudent; Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation. The Trustees of the charity are Emma Hedditch Irene Revell Louise Shelley Moira Salt Approved by the Trustees 18 December 2024 and signed on their behalf by Emma Hedditch ## **CINENOVA LIMITED** ## **Accounts Year to 31 March 2024** ## **INCOME AND EXPENDITURE ACCOUNT** |**INCOMING RESOURCES**
**2023/24**|**INCOMING RESOURCES**
**2023/24**|**2022/23**
Total Total
24,915 11,291
6,835 3,929
1,052 2,275
**32,80217,495**
32,238 31,208
0 0
513 478
**32,751 31,686**

**51-14,191**| |---|---|---| |Unrestricted Restricted
Sales and grants
24,915 0
Other
6,835
Donations
1,052 0
Total Incoming Resources
**32,802 0**
**RESOURCES EXPENDED**
Direct Charitable Expenditure
26,975
5,263
Fundraising
0
0
Charity Management and Governance 513
0
Total Resources Expended
**27,488**
**5,263**
**Net Movement in funds**
**5,314**
**-5,263**||| ||

**5,314**
**-5,263**|
**51**| ## **CINENOVA LIMITED** ## **Abbreviated Balance Sheet as at 31 March 2024** ||**Notes**|**£**|**£**| |---|---|---|---| |||**2024**|**2023**| |**Fixed Assets**|||| |**Current Assets**|||| |Stock||0|0| |Cash at bank and in hand||61,039|56,608| |Debtors||5,592__|1,794| |||66,631|58,402| |Creditors: amounts falling due within one year||(27,797)|(19,619)| |Net CurrentAssets/(Liabilities)||38,834 38,783|38,834 38,783| |Total Assets less Current Liabilities||38,834|38,783| |**Funds**|||| |Unrestricted funds||36,852|31,539| |Restricted Funds||1,982|7,245| |Total Funds||38,834|38,783| For the year ending 31st March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit of it's financial statements for the year in question in accordance with section 476. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements, constitute the annual accounts and have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and are for circulation to members of the company. Approved by the Board on and signed on its behalf by: Director 18 December 2024 Irene Revell ## **CINENOVA LIMITED** ## **Notes to the Abbreviated Accounts for the year to 31 March 2024** The company is an incorporated charity limited by guarantee, incorporated in England & Wales. The address of its registered office is: 205 Well Street London E9 6QU ## **Accounting Policies** ## **1.1 Accounting Convention** ## Basis of preparation The financial statements have been prepared under the historical cost convention, Companies Act 2006, Charities Act 2011 and the Charities Statement of Recommended Practice (FRS102). The Trustees have evaluated the funding and operating activities and reserves position and have no material uncertainties about the Charity's ability to continue as a going concern. ## **1.2 Turnover** Turnover represents amounts receivable for services provided in the UK net of VAT and trade discounts, and donations. Income was £32,802. ## **2. 1 Royalty Policy** Royalties for film and video makers are calculated on an annual basis less administration fees. We are contracted to distribute royalty income higher than £25. As a volunteer-run organisation, where costs of distribution are higher than income generated and also where we cannot trace the film maker, these amounts are used to promote all film and video makers and the Cinenova website. ## **2.2 Other Resources Expended** Income is applied soley for charitable purposes and no trustees receive remuneration for their work. ## **3. Share Capital** The company has no share capital and is limited by guarantee. under the provisions of the company’s Memorandum of Association each member would be required to contribute a sum not exceeding £1 for the payment of the debts of the company in the event of a deficiency of assets on a winding up of the company. ## **4. Reserves** ## Fund accounting policy Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity. Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. ||Balance b/f|Incoming|Outgoing|Balance at| |---|---|---|---|---| ||at 1 April 2023|||31 March 2024| |Unrestricted Reserves|31,538|32,802|27,488|36,852| |Restricted Reserves|7,245|0
|5,263|1,982| |______________________________________________________________________||||| ||38,783|32,802|32,751|38,834|