Company Number 1730697 (England and Wales) Charity Number 1035742 CINENOVA LIMITED Abbreviated Accounts For the year to 31 March 2025 Registered Office 205 Well Street, London E9 6QU
CINENOVA LIMITED Company Inforrnation 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 Offi 46c Brooksby s Walk London E9 6DA Directorsrrrustees 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 OAF
CINENOVA LIMITED REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Trustees Re ortA ril 2024 - March 2025 1. Reference and Administrative Information: Throughout 2024125 Cincnova continued to promote the work of feminist filmmakers without revenue fLdIllg. This year: the organisation contracted Rernan 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 Ernma Hedditch and Company Secretary Margaret Trotter. &ateful thanks are due to the Working GTOUP 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 notlnowhere 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 siipport the work of Cinenova by offering the organisation both exhibition and screening space, and an OppOrtLity for cross-marketing and a sharing of audiences. In 2024125 we curated programmes with partners both nationally and internationally. 2. Structure overnance and mana ement Most of our film prints are held at the BFI in Berkhamsted, and a fee is paid when prints are withdrawn for screening or digitization.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 Brooksb) s walk and we are ill the process of rdIng 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 ELnd processed by Reman Sadani, and the overall management of finances rcmains with thc 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 aIl film and video makers alld thc Cincnova wcbsitc. 3. Ob'ectives and activities Cinenova actively distributes feminist film and video, V¥ith a collection that hosts experimentsl, narrativ¢, and fcaturc-length films, documentaries, artists, moving images, and educational fi]ms 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 inteinationally. speaking at talks, conferences, and universities, and running workshops.
Throughout 2024125 Cin¢nova fulfilled rental and cxhibition agreements for the film Leila And The Wolves, with a theatrical release at the ICA in London folloTh'ed by regional screenings at Chapter, Cardiff, Glasgow Film Theatre, The Cube, Bristol, Hyde Park Picture House, Leeds, Open city Docs, Dundee Contemporary Arts and European imedia Art Festival. The video works Video 28 and A tribute to Black Women were included in the second venue for the major survey exhibition Women In Revolt! at the Whitworth Gallery. Manchester. Works by Annette Kennerle),, Jamika Ajalon, Bev Zalcock, Sarnh Chambers, Leone Knight and Barbard Hammer, were in programming at Quecrcircle an Arts, Health and Education institution in Greenwich London. Cinenova has continued a number of preservation projects in partnership with the BFI National Archive to digitize 83 video tapes, and supply Cin¢nova with digital filcs, arjd a ncw partnership with UCL East to digitizc film prillts alongside educational initiatives for students. 4. Achievements and erforniance Cinenova has built out the new location at 46c Brooksby's Walk in Hackney. This space is shared with the organisation nodnowhere and includes office, storage, and meeting space. Storage space and office setup were completed during 2022123. The space is owned by Kate Parker and has been rented to us at a low cost, reducing our overall expenditure for stOTag¢ and a fonn¢r offic¢ spacc. During this year wc complctcd many of the necessary flle safety checks and improved our access to the collection by having a regular opening day on Tuesday's. In 2024125 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. 5. Financial review Results for the year we added £1,175 to our unrestricted reserves. Income was generated from film sales and hires and co-sharing space withlnowhere and a grant from Arts Council England. Income was £30.622 (2024: £32,802) and expenditure was £31,429 (2024: £32,751) mainly on the project the Work We Share,, spending our restricted reserves brought fornard for the project. Reserves at the end of the year were Unrestricted £3 8,026 (2024: £3 6,852) and Restricted £Nil (2024: £1,982) totalling £38,027 (2024: £J 8,834). The charity has assessed risks and concludes that as the charity is administered voluntarily. running costs are low and Ihe r¢scrv¢s are adequat¢ to continue thc charity as a going concem. 6. Plans for future eriods A key objective for 2024125 and beyond is to address the organisation's physical archive (not including films and video in distribution) to res&qrch and develop a database and access solutions for film and paper archive materials. We successfulIy' applicd to the BFI National Lott¢ry Scre¢n Hcritage Fund to support the work of designing a nev*, website and integrated database system. 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 presatiOn grants and partnerships with other organisations. We will store some of our film prints at London Scre¢n Archive managed by Screen Londoffj which is a member organisation. Theie is an emphasis on future audience development and public programmes in the organisation's own space with local audiences. Anotlier key goal is to bring new Trustees to the board and defme roles and responsibilities. Trustees Responsibilities Statement
The trustees who are also directors of the company are responsible for preparing the trustees ieport and the finanoial statemcnts in accordance with applicable lav¥ 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 Tesources 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. Stats whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the accounts. Prcpare the financiaI statcm¢nts on thc going concern basis un]¢ss it is inappTopriatc to pSum¢ that the Charity will continue in operation. The trustees of the charity are responsible for keeping proper accounting records which disclose. with reasonable accuracy at any time, the fmancial position of the company and to enable them to ensure the accounts have been properly prepared in accordance with the provisions of the Companies Act 2026. They are also T¢sponsibl¢ for saf¢guarding th¢ asscts of thc company and hcnce for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financia] infomiation Includ on the charity's website in accordance with legislation in the United Kingdom governing the preparation and dissemination of fmancial statements. Exemption Statement The accounts have been prepared in accordance with the special provisions for small companies under part 15 of the Companies Act 2026. The trustees are Emma Hedditch Irene Revell Louise Shelley Moira Salt Approved by the Trustees 29 December 2025 and signed on their behalf by Emma Hedditch
Independent Examiners, Report to the Trustees of Cinenova for the year ended 31 March 2025 Responslbllltles and basis of report As the charity's trustees (who are also the directors of the cornpany for the purpose of company law), you are responsible for the preparation of the accounts in accordance wilh the requirements of the Companies Act 2006 (the 2006 Act"). Having satisfied myself that the accounts of the Company are not required to be audited for this year underpart 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carrted out under section 145 of Charities Act 2011 ("the 2011 Act") (as amended by the Charities Act 2022). In carying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act). Independent examinerfs statement I have completed my examination. I confirm that no material matters have come to my attention which gives me cause lo believe that: Accounting records were not kept in accordance with section 130 of the Act; or The accounts do not accord wrth such records- or The accounts do not comply with relevant accounting requirements other than the accounts give a 'true and fairf view whiGh is not a matter considered as part of an independent examination; or The accounts have not been prepared in accordance with the Chartties SORP (FRS102). I have no cOnmS and have corne across no other matters in connection with the exarnination to which attention should be drawn in this report in order to enable a proper understar)ding of the accounts to be reached. Signed Dated Iq 1021 MARGARET TROTTER FCCA 205 WELL STREET LONDON E9 6QU
CINENOVA LIMITED Accounts Year to 31 March 2025 INCOME AND EXPENDITURE ACCOUNT INCOMING RESOURCES 202 25 2023 24 Unrestricted Restricted Total Total Sales and grants Other Donations 19,423 4,496 1,052 4,984 24,407 24,915 4,496 6,835 1,052 1,052 Total Incoming Resources 32 30 622 02 RESOURCES EXPENDED Direct Charitable Expenditure Fundraising Charity Management and Governan 22,349 6,966 31,315 32 263 114 114 513 Total Resources Expended 31429 32 751 Net Movement in funds -807 51
CINENOVA LIMITED Abbreviated Balance Sheet as at 31 March 2025 Notes 2025 2024 Fixed Assets Current Assets Stock Cash at bank and in hand Debtors 61,039 62,383 66,631 Creditors: amounts falling due within one year Net Current Assets / (Liabilities) 38,027 38,834 Total Assets Iess Current Liabilities Funds Unrestricted funds Restricted Funds 38,027 31,852 Total Funds For the year ending 31 st March 2025 the company w&8 entitled to exemption from audit under section 477 of the Coinpanies Act 2006 relating to small companies. Thc members have not required the company to obtain an audit of it's fmallcial statements for the )'e&ir in question in accordaiice with section 476. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of fmancial 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 menibers of the company. Approved by the Board on and signed on its behalf by: Director 29 Dernber 2025 Irene Revell
CINENOVA LIMrrED Notes to the Abbreviated Accounts for the year to 31 March 202? The company is an incorporated charity limited by guarantee, incorporated in England & Wales. The address of its registered Offi is: 205 Well Street London E9 6QU Accounting Policies Accounting Convention Basis of preparation The financial statements have been prepared under the historical cost convention. Cornpanies Act 2006, Charities Act 2011 and the Charities Statement of Recommended Practice (FRS102). These accounts have been prepared on a going concem basis which assumes that the charity will continue in operational existence for the foreseeable future. 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 Total incoming resources as shown in the Statement of Financial Activities is the turnover of the charity represents amounts receivable for services provided in the UK net of VAT and trade discounts. and donations. Income was £30,622. 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 hher than income generated and also where we cannot tra the film maker, these arnounts are used to promote all film and video rnakers and the Cinenova website. 2.2 Other Resources Expended Income is applied soley for charitable purposes and no trustees receive remuneration for their work. Expenditure is accounted for on an accruals basis. recognised when a liability is Incurred and classified under headings that aggregate all costs related to the category. 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. 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 at l April 2024 Incoming Outgoing Balance at 31 March 2025 Unrestricted Reserves Restricted Reserves 36,852 1,982 25,638 4,984 24,463 6.966 38,027 38,834 30,622 31,429 38,027