## **OXFORD FILM AND VIDEO MAKERS LIMITED**
## **Operating as FILM OXFORD**
## **COMPANY NO. 2022892 (ENGLAND AND WALES)**
**A COMPANY LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL**
## **REGISTERED CHARITY NO. 1041014**
## **FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31[ST] MARCH 2025**
**KING LOOSE & CO STATUTORY AUDITORS**
**ST JOHN'S HOUSE 5 SOUTH PARADE SUMMERTOWN OXFORD OX2 7JL**
**OXFORD FILM AND VIDEO MAKERS LIMITED**
## **FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31[ST] MARCH 2025**
## **CONTENTS**
## **Page**
## **1**
## **2**
## **3**
## **4**
## **5**
## **5(a)**
**6**
**7 - 14**
Company Information Directors' and Trustees' Report Statement of Trustees' Responsibilities Auditors' Report Statement of Financial Activities (2025 figures) Statement of Financial Activities (2024 comparative figures) Balance Sheet Notes to the Financial Statements
**1.**
## **OXFORD FILM AND VIDEO MAKERS LIMITED**
## **FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31[ST] MARCH 2025**
## **COMPANY INFORMATION**
||**Operating Name**
Film Oxford
**Directors and Trustees**
Patricia Cashen (resigned 09/09/2024)
Mark Gunther
John Hunt (resigned 09/12/2024)
Emma Mills
Mark Ralph Bowman
Alison Smith
Damian Thomas (resigned 14/03/2025)
Shakeel Marham (appointed in year)
**Secretary**
G M Swann (to 30/04/2024)
**Company Number**
2022892
**Charity Number**
1041014
**Registered Office**
54 Catherine Street
Oxford
Oxon
OX4 3AH
**Bankers**
The Co-operative Bank Plc
PO Box 101
1 Balloon Street
Manchester
M60 4EP
**Auditors**
King Loose & Co
St John's House
5 South Parade
Summertown
Oxford
OX2 7JL
**Operating Executives**
R Duriez
G Shenton
P Barber
N Josse|
|---|---|
**2.**
**OXFORD FILM AND VIDEO MAKERS LIMITED**
## **DIRECTORS' AND TRUSTEES' REPORT**
## **FOR THE YEAR ENDED 31[ST] MARCH 2025**
The Directors and Trustees present their report and accounts for the year ended 31[st] March 2025. The Charity Oxford Film and Video Makers, Ltd (OFVM) operates under the trading name of Film Oxford. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity's memorandum and articles of association, the Companies Act 2006, the Charities Act 2011, and 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 – Charities SORP (FRS 102); and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
## **Legal and Administrative Information**
This information is summarised on page 1 of these financial statements.
## **Objects of the Charity, Principal Activities and Organisation of Our Work**
The Charity is constituted as a company limited by guarantee and is, therefore, governed by a Memorandum and Articles of Association.
The Charity's object and its principal activity is that of "advancing the education of the public in the knowledge, understanding and appreciation of film making and allied techniques and, in particular, but without prejudice to the foregoing, by:
- a) providing education and training in film and digital media
- b) encouraging and supporting film and digital media production c) promoting such productions to the public."
Each year, the Charity commits to working with marginalised groups within the area. It operates and maintains a web base of information and contacts, runs training courses and projects, supports productions, and organises screenings and networking events.
The Charity continues to explore new ways of achieving these objectives.
The Charity is organised so that the Trustees meet and converse regularly to manage its affairs. The Trustees, as a body, are represented by the Management Committee.
The organisation operates via a Management Committee that aims to meet every two months, and an Executive of mainly salaried staff. Trustees are elected to the Management Committee by members of the Company or invited onto the Management Committee by the Trustees themselves. In addition to Management Committee meetings throughout the year, Trustees also attend Executive meetings where appropriate and possible.
In discussion with the Executive, the Trustees will agree on the overall direction of the Charity and make major decisions, while the Executive will deal with the Charity's day-to-day business. The Trustees and Executive update a risk assessment on a yearly basis, and systems are put in place to manage any identified risk – for example, reviewing the risk register is a mandatory agenda item for the Management Committee.
## **Building a sustainable business model.**
In addition to the grant funding Film Oxford received from Oxford City Council, the organisation brought in additional project funding from the Arts Council, National Lottery Heritage Fund, BFI, local charities, plus other small grants. Other income has been generated through primary-purpose trading within the Charity by running adult training courses and by commercial trading.
**2a.**
**OXFORD FILM AND VIDEO MAKERS LIMITED**
## **DIRECTORS' AND TRUSTEES' REPORT**
## **FOR THE YEAR ENDED 31[ST] MARCH 2025**
## **Development and Achievements**
The Trustees consider that the Charity's performance this year has been satisfactory. The Charity has continued to provide training to the public and complete projects working with its primary beneficiary groups. Significant achievements during the year were as follows:
## **1. Delivering a film and digital media information and advice service through website, telephone and email.**
Film Oxford's web presence is key to disseminating information about the Charity's services. Film Oxford's social media groups serve to put filmmakers, artists and digital creators in contact with each other. By joining the email list, subscribers receive e-bulletins about upcoming events, activities, training opportunities, and notices of local productions, projects, and events.
## **2. Enhancing cultural provision in our communities**
Film Oxford offered the following in 2024/25:
**Film Oxford Youth (previously iCreative) –** Training for young people aged 15-25 who have not realised their potential through formal education, and for young people 5+ from areas of multiple deprivation.
- a) **Going Out, Coming Out** . The final project in the GOCO series of National Lottery Heritage Fund projects, entitled _Going Out, Coming Out_ , was completed in 2024-25, and various exhibitions of all three completed films from the GOCO series of projects, including _Spaces We Made Our Own_ , about the African Caribbean community, and _Twist and Shout_ about the baby boomers took place in 2024-25. The programmes supported young people aged 15-25, but also included older people from relevant communities and worked to build ties between generations. Made in collaboration with the Museum of Oxford (MOX). Funding is confirmed from the National Lottery Heritage Fund to begin an ambitious new project documenting Oxford’s film heritage starting in 2026.
- b) Rose Hill Creative Lights Festival. We worked with Rose Hill Junior Youth Club (RHJYC), Rose Hill and Iffley Low Carbon, Chilworth Specialist School, and local artists to organise a community event as part of Oxford City Council's Lights Festival. The event took place over seven weeks, culminating in a three-day festival in November 2024. It featured a variety of creative workshops, drop-in activities, lantern-making, and a parade with a marching band and two life-sized elephant lanterns around the estate, along with free community meals. The programme was significantly expanded from previous years thanks to Arts Council England funding, which continued into 2025. (Nov 2024. Arts Council England and Oxford City Council funded)
**Shadowlight Artists is** a self-directed group of Oxfordshire learning-disabled and autistic artists.
- a) In 2024-25, the group worked on a range of smaller projects thanks to grants from several Trusts and funders. We supported Russell Highsmith with _Developing Your Creative Practice_ project, helping him apply for and deliver a project to research and develop a new play, _Two Families & A Wedding_ . The group was commissioned by the Museum of Oxford to celebrate its 50th anniversary, creating a film titled 10 Voices that will be exhibited in the museum for a year from April 2025. They also produced two short films, Shadowlights at the Bauhaus and Shadowlights: Horror. Additionally, they secured confirmed Art Council funding for a major project and exhibition at Modern Art Oxford in 2025-26.
**2b.**
**OXFORD FILM AND VIDEO MAKERS LIMITED**
## **DIRECTORS' AND TRUSTEES' REPORT**
## **FOR THE YEAR ENDED 31[ST] MARCH 2025**
- b) The group showed films at several international festivals, including _Futurism_ being screened at **Videograma 4 – International Video Art Festival** in Bogotá and at **An/other Film Festival** in Australia; _A World in Colours_ and _Frustratingly Independent_ at the **International Festival of Reflection of Disability in Art** in Greece; **Finding Trixie** at Big Syn International Film Festival, London and _Frustratingly Independent_ at **Rare by Design Film Festival** , USA and **KOORTS / Weird, Wicked & Wonderful** in Netherlands.
**Rose Hill TV/Film Under the Stars** – Working with RHJYC, we ran a series of creative workshops and film activities for young people during the summer school holidays, including an outdoor screening in Rose Hill for over 100 local residents, screening a popular family feature alongside the young people’s films. (July 2024 – James Cowper Kreston Foundation, Oxford County Council).
## **3. Networking Groups**
Open Screen continued as hybrid in-person and online meetings for filmmakers, offering the opportunity to screen and discuss completed films or works in progress. The Screenwriters' Group, a peer support group for local screenwriters, also continued to meet weekly online to support new and up-and-coming talent.
## **4. Training Courses**
Take-up of courses in 2024-25 remained stable, with 184 learner attendances across 13 in-person and 12 online courses bringing in £28k. A more focussed course offer took place in 2024-25 with more attendees across slightly fewer in-person courses, focussing on the popular 3-Day Video Production course. Trials also took place for a new Introduction to Screen Acting course, which has been successful.
## **5. Trading within the Charity and Film Oxford Productions Ltd**
Film Oxford Productions, Ltd (FOP) is Film Oxford’s wholly owned subsidiary company, which was formed in 2022/23 and continued to trade in 2023/24. In 2024-25 the decision was made to suspend trading via the company, since the volume of trading undertaken had fallen well below the limit which required the use of a trading subsidiary, and whilst the company continues to exist, trading from 202425 onwards has taking place via OFVM. Trading has continued to be profitable, albeit at a lower volume, with income of £14.2k and surplus of £7.9k.
## **Risk Assessment**
The main risks identified:
## **a) Funding**
Core funding from Oxford City Council continues to be reduced each year. It is hoped that the Charity's production wing will bring in a regular unrestricted income to help mitigate this. We are now looking to develop more long-term project funding partnerships with the Arts Council, National Lottery Heritage Fund, the British Film Institute and various charitable trusts for work we do with artists with learning disabilities, young people, and others in the community.
## **b) Premises**
Film Oxford will relocate to a purpose-built “creative hub” in the re-developed and refurbished East Oxford Community Centre, remaining as council tenants. Building work commenced in 2024 and was completed in 2025. The final move date is planned for January 2026. This move to a more prominent location with a highly increased footfall will present us with many more opportunities. Once the contract with Oxford City Council is finalised, we will seek transitional funding to support the move, and new development funding to grow our charitable work.
**2c.**
## **OXFORD FILM AND VIDEO MAKERS LIMITED**
## **DIRECTORS' AND TRUSTEES' REPORT**
## **FOR THE YEAR ENDED 31[ST] MARCH 2025**
## **c) Aims and Objectives**
The pressure on core funding demands a refocusing of the organisation, and this process is ongoing. The Trustees continue to give considerable support by taking on specific roles and helping the staff focus on developing fully funded or income-generating training, projects, and production work. In the rapidly changing funding and cultural landscape, the charity has published updated Vision, Mission, and Values statements on its website to better reflect its work. We continue to update and implement the Film Oxford Strategy document, including annual targets, to ensure the organisation is sustainable.
## **d) Staffing**
With decreased funding opportunities and rising costs, trustees have adopted a rationalisation plan to help the Charity navigate the current challenging UK funding environment. This plan concentrates on efficiency savings, including a voluntary staffing realignment that occurred in early 2024-25. Staff numbers were reduced from 3.5 FTE to 2.1 FTE early in the year following this voluntary reorganisation, resulting in two long-serving employees leaving. Although this involved a significant upfront financial expense, it will greatly decrease outgoings in the long run. These costs were covered from reserves approved by the trustees, allowing the organisation to significantly reduce expenses over time. This enabled it to adopt a more targeted strategy to meet its charitable objectives. Film Oxford’s established network of experienced freelance professionals remains crucial to implementing this plan.
## **Future Plans**
Film Oxford's strategy focuses on delivering work that supports communities, particularly disadvantaged young people and disabled people in Oxfordshire.
As the relocation plans advance, we expect to build many new partnerships and work with more communities as part of this flagship Oxford City Council development at East Oxford Community Centre.
## **Transactions and Financial Position**
The statement of financial activities shows, in respect of unrestricted general funds, net outgoing resources of £30,514 for the year (2024: outgoing resources £32,476), and the general fund balance carried forward stood at £54,966.
## **Finances and Reserves Policy**
The attached financial statements show the current state of the finances which the Trustees consider to be sound.
Film Oxford is funded by both grants, restricted and unrestricted, and earned (including course) income, to enable it to pursue its principal activities. If there were to be a gap in grant funding it is likely that Film Oxford would have to run down existing projects and courses whilst maintaining an ongoing provision of premises, staff and other support costs. The Trustees have agreed to keep a certain level of financial reserves and fixed assets to ensure that main operations can continue for a period of 3 months and cover redundancy costs if necessary. The reserves have been built up from the unrestricted income and the level of reserves is monitored and reviewed on at least an annual basis by the Trustees. This policy will also be reviewed whenever there are significant changes in staff hours or numbers, or if there should be a change in premises or other significant shift in risk.
## **Tangible Fixed Assets for Use by the Charity**
Details of movements in fixed assets are set out in the notes to the accounts; none of the assets are believed to be valued at a materially different sum from that reflected in the accounts.
**2.d.**
## **OXFORD FILM AND VIDEO MAKERS LIMITED DIRECTORS' AND TRUSTEES' REPORT FOR THE YEAR ENDED 31[ST] MARCH 2025**
## **Public Benefit**
The trustees have reviewed the Charity’s objects and activities and are of the view that the public benefit test continues to be totally satisfied. In forming this opinion, the trustees have considered the guidance issued by the Charity Commission with regard to public benefit.
## **Directors and Trustees**
All Directors of the Company are also trustees of the Charity, and there are no other trustees. All of the Trustees named on page 1 served during the year. The Board has the power to appoint additional Trustees as it considers fit to do so.
## **Audit Information**
In so far as the trustees are aware:
- (a) there is no relevant audit information of which the charity’s auditors are unaware; and
- (b) the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
## **Auditors**
King Loose & Co have agreed to offer themselves for re-appointment as Auditors to the Charity.
## **Small Company Provisions**
This report has been prepared in accordance with the small companies’ regime of the Companies Act 2006.
## **Approval**
This report was approved by the Board of Directors and Trustees on …………………………… 2025, and signed on its behalf by:
……………………………………..
Trustee and Director
**3.**
## **OXFORD FILM AND VIDEO MAKERS LIMITED**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
## **FOR THE YEAR ENDED 31[ST] MARCH 2025**
The Trustees are required by law to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity, and of its results for that period. In preparing those financial statements, the Trustees are required to:
- Select suitable accounting policies and then apply them consistently;
- Observe the methods and principles in the applicable Charities SORP;
- Make judgements and estimates that are reasonable and prudent;
- State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity, and to enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities Act 2011, the Charity’s Memorandum and Articles of Association, and the relevant Charities’ SORP. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
**By Order of the Board of Directors and Trustees**
……………………………
Trustee and Director
**4.**
**INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF**
## **OXFORD FILM AND VIDEO MAKERS LIMITED FOR THE YEAR ENDED 31[ST] MARCH 2025**
## **Opinion**
We have audited the financial statements of Oxford Film and Video Makers Limited (the “Charitable Company”), for the year ended 31[st] March 2025, which comprise the statement of financial activities and summary income and expenditure account, the balance sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
- give a true and fair view of the state of the Charitable Company’s affairs as at 31[st] March 2025 and of its income and expenditure for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the Charitable Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the directors'/trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least 12 months from the date that the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors/ trustees with regard to going concern are described in the relevant sections of this report.
## **Other information**
The directors/trustees are responsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
## **Opinions on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the trustee’s report, which includes the director’s report prepared for the purposes of company law, and for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the director’s report included within the trustees’ report has been prepared in accordance with applicable legal requirements.
**4.a.**
## **INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF**
## **OXFORD FILM AND VIDEO MAKERS LIMITED FOR THE YEAR ENDED 31[ST] MARCH 2025**
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors’ and Trustees’ Annual Report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate and proper accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director’s/trustees’ remuneration specified by law are not made; or
- we have not obtained all the information and explanations necessary for the purposes of the audit; or
- • the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies exemption in preparing the directors report and from the requirement to prepare a strategic report.
## **Responsibilities of the trustees**
As explained more fully in the trustees’ responsibilities statement set out on page 3, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the Charitable Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the Charitable Company or to cease operations, or have no realistic alternative but to do so.
## **Our responsibilities for the audit of the financial statements**
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
- ensuring that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognize non-compliance with applicable laws and regulations, which we had identified through discussions with management, and from our commercial knowledge and experience of the entity.
- we focused on specific and relevant laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the entity.
- we assessed the extent of compliance therewith.
**4.b.**
## **INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF**
## **OXFORD FILM AND VIDEO MAKERS LIMITED FOR THE YEAR ENDED 31[ST] MARCH 2025**
We assessed the susceptibility of the entity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud, and;
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations
To address the risk of fraud through management bias and override of controls, we: - performed analytical procedures to identify any unusual or unexpected relationships and investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation;
- enquiring of management as to actual and potential litigation and claims and reviewing any correspondence with relevant regulators.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: [www.frc.org.uk/auditorsresponsibilities]. This description forms part of our auditor’s report.
## **Use of our report**
This report is made solely to the charitable company’s members, as a body, in accordance with chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
**St John’s House Heather C. Fanthome (Senior Statutory Auditor) 5 South Parade King Loose & Co Summertown Statutory Auditors Oxford OX2 7JL**
**King Loose & Co is eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006.**
**5.**
## **OXFORD FILM AND VIDEO MAKERS LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31[ST] MARCH 2025**
## **SUMMARY INCOME AND EXPENDITURE ACCOUNT**
|**Unres-**
**tricted**
**Funds**
**Note**
**£**
**Income and Endowments from:**
Voluntary Income
2 30,109
Activities for generating funds
66,630
(Own Income-Production)
Investment Income
681
Government Tax Relief
4,400
______
**Total Income**
101,820
_______
_
**Expenditure on:-**
Costs Incurred in Furtherance
of the Charity’s Objects
3
145,518
_______
**Total Expenditure**
145,518
_______
Net (Expenditure) for
the year before Transfers.
(43,698)
Transfers between Funds
4
13,184
_______
Net Movement in Funds
16
(30,514)
Total Funds B/Fwd
85,480
_______
_
**Total Funds C/Fwd**
15
54,966
======
=|**Desig-**
**Res-**
**Total**
**nated**
**tricted**
**Funds**
**Funds**
**Funds**
**2025**
**£**
**£**
**£**
- 36,584 66,693
- 9,686 76,316
- - 681
- - 4,400
______
______
______
- 46,270 148,090
______
_______
______
- 49,010 194,528
______
_______
______
- 49,010 194,528
______
_______
______
- (2,740) (46,438)
- (13,184) -
______
_______
______
- (15,924) (46,438)
-
21,674
107,154
______
_______
______
- 5,750 60,716
=====
======
======|
|---|---|
There were no other recognised gains or losses in respect of 2025, other than those reflected in the statement of financial activities.
Comparative figures are provided on page 5a.
_The notes on pages 7 to 14 form part of these accounts._
**5(a).**
## **OXFORD FILM AND VIDEO MAKERS LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES (COMPARATIVE FIGURES)**
## **FOR THE YEAR ENDED 31[ST] MARCH 2024**
## **SUMMARY INCOME AND EXPENDITURE ACCOUNT**
|**Unres-**
**Desig-**
**tricted**
**nated**
**Funds**
**Funds**
**Note**
**£**
**£**
**Income and Endowments from:**
Voluntary Income
2 30,221
-
Activities for generating funds
54,606
-
(Own Income-Production)
Investment Income
2,062
-
Government Tax Relief
-
-
Cost recharges
17,443
-
______
______
**Total Income**
104,332
-
_______
_______
_
**Expenditure on:-**
Costs Incurred in Furtherance
of the Charity’s Objects
3 153,573
-
_______
______
**Total Expenditure**
153,573
-
_______
______
Net Income/(Expenditure) for
the year before Transfers.
(49,241)
-
Transfers between Funds
4
16,765
(10,000)
______
______
_
Net Movement in Funds
16 (32,476)
(10,000)
Total Funds B/Fwd
117,956
10,000
_______
______
_
**Total Funds C/Fwd**
15 85,480
-
======
======
=|**Res-**
**Total**
**tricted**
**Funds**
**Funds**
**2024**
**£**
**£**
71,208
101,429
-
54,606
-
2,062
-
-
-
17,443
______
______
71,208
175,540
______
______
71,153
224,726
______
_______
71,153
224,726
______
_______
55
-
(6,765)
-
______
_______
(6,710)
(49,186)
28,384
156,340
______
_______
21,674
107,154
=====
======|
|---|---|
There were no other recognised gains or losses in respect of 2024, other than those reflected in the statement of financial activities.
**Please note the above figures are in relation to the year ended 31[st] March 2024 throughout.**
_The notes on pages 7 to 14 form part of these accounts._
**6.**
**OXFORD FILM AND VIDEO MAKERS LIMITED**
## **BALANCE SHEET AS AT 31[ST] MARCH 2025 (COMPANY NUMBER 2022892)**
|**Note**
**£**
**Fixed Assets**
Tangible Assets
8
Investments
9
**Current Assets**
Stocks
10
200
Debtors
11
7,348
Cash at Bank & Building Societies
64,273
_______
71,821
Creditors: Amounts
falling due in one year
12
16,644
_______
**Net Current Assets**
**Total Assets less Current Liabilities**
**Capital**
Unrestricted Funds - General
16(a)
Restricted Funds
16(b)|**2025**
**£**
**£**
5,529
10
200
10,600
104,230
_______
115,030
15,472
_______
55,177
_______
60,716
======
54,966
5,750
_______
60,716
======|**2024**
**£**
7,586
10
99,558
_______
107,154
======
85,480
21,674
_______
107,154
======|
|---|---|---|
**Approved by the Board of Directors and Trustees on** ……………………………… **2025, and signed on its behalf by:**
……………………………………… Trustee and Director
_The notes on pages 7 to 14 form part of these accounts._
**7.**
**OXFORD FILM AND VIDEO MAKERS LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH 2025**
## **1. Accounting Policies**
## **(a) General Information**
These financial statements have been presented in Pound Sterling as this is the currency of the primary economic environment in which the charitable company operates.
## **(b) Basis of preparation**
The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) – Charities SORP (FRS 102); and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities Act 2011 and the Companies Act 2006.
The Charity constitutes a public benefit entity as defined by FRS 102.
The charity has taken advantage of the exemption to prepare a cash flow statement on the grounds that it is a small charity.
## **(c) Activities**
The financial statements include the results of the charity's operations as described in the directors’ and trustees’ report and all of which are continuing.
## **(d) Revenue Recognition**
## **(i) Rendering of services**
When the outcome of a transaction involving the rendering of services can be estimated reliably, the Company recognises revenue associated with the transaction by reference to the stage of completion of the transaction at the end of the reporting period. The outcome of a transaction can be estimated reliably when all the following conditions are satisfied:-
- a. the amount of revenue can be measured reliably;
- b. it is probable that the economic benefits associated with the transaction will flow to the entity;
- c. the stage of completion of the transaction at the end of the reporting period can be measure reliably; and
- d. the costs incurred for the transaction and the costs to complete the transaction can be measured reliably.
Revenue for support services is therefore recognised proportionally over the performance of the service contract.
## **(ii) Grant Income**
Grants and donations are accounted for when receivable by the charity, subject to any deferments as explained below. Grants and donations are considered as receivable when the charity becomes entitled to the income and the amount receivable can be measured reliably.
## **(iii) Investment Income**
Investment income is accounted for as receivable, i.e. in the period in which the Charity is entitled to receipt, and the amount of income can be measured reliably.
**7(a)**
**OXFORD FILM AND VIDEO MAKERS LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH 2025**
## **1. Accounting Policies (continued)**
## **(e) Deferred Income**
Incoming resources are deferred when the conditions upon which they may be recognised as income are not yet satisfied.
## **(f) Expenditure recognition**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be reliably measured.
Expenditure is included on an accruals basis and has been classified under headings that aggregate all costs related to the category. Costs incurred in relation to the provision of facilities are regarded as support costs for the Charity’s activities.
## **(g) Operating Leases**
Rentals applicable to operating leases where substantially all the benefits and risks of ownership remain with the lessor, are reflected in the statement of financial activities as incurred.
## **(h) Value added tax**
Value added tax is not recoverable by the charity, and as such is included in the relevant costs in the statement of financial activities.
## **(i) Donated services**
Where services are provided to the charity as a donation that normally would be purchased from suppliers, this contribution is included in the financial statements at an estimate based on the value of the contribution to the charity.
## **(j) Tangible Assets and Depreciation**
Tangible assets are initially recognised at cost which is the purchase price plus any directly attributable costs. Subsequently tangible assets are measured at cost less accumulated depreciation and impairment losses.
Depreciation is provided on assets to write off their cost over their estimated useful lives. The rates currently in use are:-
|Video equipment|-|30% reducing balance|
|---|---|---|
|Other equipment|-|25% reducing balance|
|Restricted fund equipment|-|50% straight line basis|
## **(k) Stock**
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
7 **(b).**
## **OXFORD FILM AND VIDEO MAKERS LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH 2025**
## **1. Accounting policies (continued)**
## **(l) Financial Assets – Classified as Basic Financial Instruments**
- **i) Cash and cash equivalents.** Cash and cash equivalents include cash in hand, deposits held with banks, and other short term highly liquid investments with original maturities of three months or less.
- **ii) Trade and other receivables.** Trade and other receivables that are receivable within one year are measured at the undiscounted amount of the cash expected to be received, net of any impairment.
- **iii)Trade and other payables.** Trade and other payables that are payable within one year are measured at the undiscounted amount of the cash expected to be paid.
## **(m) Fund accounting**
The charity has balances on restricted and unrestricted funds.
Unrestricted funds comprise those funds which the trustees are free to use in accordance with the objects of the charity, as defined in the constitution.
Restricted funds were those funds given for particular purposes and projects.
## **(n) Going Concern**
The financial statements have been prepared on a going concern basis.
The current economic conditions present increased risks for all businesses. In response to such conditions, the trustees have carefully considered these risks, including an assessment of uncertainty on future trading projection for a period of at least 12 months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements.
The Trustees consider that the going concern basis remains appropriate.
## **(o) Group Accounts**
The charity has a 100% subsidiary – Film Oxford Productions Ltd.
The charity has taken advantage of the exemption contained in Section 398 Companies Act 2006 to produce consolidated accounts.
**8.**
## **OXFORD FILM AND VIDEO MAKERS LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31[ST] MARCH 2025**
## **2. Voluntary Income - Operational Grants**
|**Unres-**
**tricted**
**Funds**
**£**
A.C.E.
-
Heritage Lottery
5,747
Oxford City Council:-
- Operational Grants etc 16,200
Other Donations /
Workshops/subsidies
-
Joseph Levy
Foundation
-
British Film Institute
8,162
RTR Foundation -
Shadowlight Artists
-
Awards for All
-
_______
_
30,109
======
=|**Res-**
**tricted**
**Funds**
**£**
-
23,585
4,999
2,250
5,750
-
-
-
______
_
36,584
=====
=|**Total**
**Funds**
**2025**
**£**
-
29,332
21,199
2,250
5,750
8,162
-
-
______
_
66,693
=====
=|**Unres-**
**tricted**
**Funds**
**£**
-
-
22,300
2,826
-
5,095
-
-
______
_
30,221
=====
=|**Res-**
**Total**
**tricted**
**Funds**
**Funds**
**2024**
**£**
**£**
1,553
1,553
43,689
43,689
8,450
30,750
2,180
5,006
-
-
-
5,095
5,500
5,500
9,836
9,836
______
_______
71,208
101,429
=====
======|**Total**
**Funds**|**Total**|
|---|---|---|---|---|---|---|
**9.**
## **OXFORD FILM AND VIDEO MAKERS LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31[ST] MARCH 2025**
## **3. Costs Incurred in Furtherance of the Charity’s Objects**
|**Unres-**
**tricted**
**Funds**
**£**
**Provision of**
**Educational Facilities**
Teaching Fees, Materials
and Production Costs
24,283
Freelance Fees
& Prod’n Work
-
**Provision of Study Environment**
Property Expenses
8,610
Equipment Repairs
& Renewals
1,263
Depreciation etc
2,057
Insurance
3,028
Stationery and Supplies
3,832
**Activity Support Costs**
Salaries & Office Cover 82,878
Telephone, Fax, e-mail
2,565
Travel Costs
1,749
Sundry Expenses
2,191
Advertising/PR
921
Legal/Prof. Exps.
11,661
Bad Debts
-
Bank etc charges
480
_______
_
145,518
======
=|**Res-**
**Total**
**Unres-**
**tricted**
**Funds**
**tricted**
**Funds**
**2025**
**Funds**
**£**
**£**
**£**
22,062
46,345
13,557
3,448
3,448
9,169
-
8,610
8,913
-
1,263
1,716
-
2,057
2,839
-
3,028
2,905
-
3,832
5,220
23,500
106,378
92,450
-
2,565
2,226
-
1,749
357
-
2,191
2,161
-
921
1,594
-
11,661
9,692
-
-
548
-
480
496
______
_______
_______
_
49,010
194,528
153,573
=====
======
======
=|**Res-**
**Total**
**tricted**
**Funds**
**Funds**
**2024**
**£**
**£**
19,297
32,854
14,732
23,901
-
8,913
-
1,716
-
2,839
-
2,905
-
5,220
37,124
129,574
-
2,226
-
357
-
2,161
-
1,594
-
9,692
-
548
-
496
______
_______
71,153
224,726
=====
======|**Total**
**Funds**|**Total**|
|---|---|---|---|---|
**10.**
## **OXFORD FILM AND VIDEO MAKERS LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31[ST] MARCH 2025**
## **4. Transfer Between Funds**
Elements of unspent and unallocated restricted fund income, for various projects, has been transferred to Unrestricted Funds by way of contributions towards room and equipment hire specifically, with a smaller contribution towards general overheads. These transfers were with the full agreement of the donors of the restricted funds.
|**5.**|**Staff Costs**
**2025**
**2024**
**No**
**No**
The average number of permanent personnel
employed by the Company during the year was:
Educational and Supervisory (full time equivalent number)
2.1
3.5
======
======
The aggregate payroll costs of these employees
**£**
**£**
were as follows:
Salaries and termination payments
102,445
121,708
National Insurance Costs
2,058
4,818
Pension Costs
1,875
3,048
_______
_______
106,378
129,574|**2024**|
|---|---|---|
====== ======
No employee received emoluments above £60,000 during the years under review.
None of the Trustees are remunerated.
Cost recoveries income includes £NIL (2024: £14,252) in respect of salary costs.
## **6. Statutory Disclosures**
|**6.**
**7.**|**Statutory Disclosures**
**2025**
**2024**
**£**
**£**
Trustees/Directors Remuneration
Nil
Nil
Depreciation of Tangible Fixed Assets - owned by the Charity
2,057
2,839
Auditors’ Remuneration
- audit
1,600
1,600
- other services
2,408
2,216
======
======
**Interest Payable and Similar Charges**
**2025**
**2024**
**£**
**£**
Bank and PayPal/Worldpay Charges
480
496
======
======|**2024**|
|---|---|---|
|||**£**
496
====|
**11.**
## **OXFORD FILM AND VIDEO MAKERS LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31[ST] MARCH 2025**
## **8. Tangible Fixed Assets**
|**Video**
**Equip**
**£**
**Cost**
Balance 1stApril 2024
108,954
Additions
-
Disposals
-
_______
Balance 31stMarch 2025
108,954
======
**Depreciation**
Balance 1stApril 2024
105,711
Charge for Year
972
Released on Disposals
-
_______
Balance 31stMarch 2025
106,683
======
**Net Book Value** **at**
**31st March 2025**
2,271
======
Net Book Value at
31stMarch 2024
3,243
======|**Office &**
**General**
**Equip**
**Total**
**£**
**£**
17,239
126,193
-
-
-
-
_______
_______
17,239
126,193
======
======
12,896
118,607
1,085
2,057
-
-
______
_______
13,981
120,664
======
======
3,258
5,529
======
======
4,343
7,586
======
======|**Total**|
|---|---|---|
All tangible fixed assets are used directly for charitable purposes in the furtherance of the Charity's objectives.
|**9.**
**10.**|**Investments**
10 Ordinary Shares, being 100%, of £1 each
in Film Oxford Productions Limited, at cost
==
**Stock**
Stock of Consumable Materials
==|**2025**
**£**
10
====
==
**2025**
**£**
200
====
==|**2024**|
|---|---|---|---|
||||**£**
10
====
**2024**|
||||**£**
200
====|
**12.**
## **OXFORD FILM AND VIDEO MAKERS LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31[ST] MARCH 2025**
|**11.**
**12.**|**Debtors**
**2025**
**2024**
**£**
**£**
Trade Debtors
4,230
-
Prepayments and accrued income
2,118
2,528
Amounts due from Subsidiary
1,000
8,072
_______
_______
7,348
10,600
======
======
**Creditors: Amounts Falling Due in One Year**
**2025**
**2024**
**£**
**£**
Trade Creditors
9,958
3,002
Accrued Expenses and Deferred Income
5,575
9,928
Taxation and Social Security
1,111
2,542
_______
_______
16,644
15,472
======
======|
|---|---|
## **13. Reconciliation of Movements in Shareholders' Funds**
Oxford Film and Video Makers Limited, being a company limited by guarantee and a registered Charity, has no shareholders; it is, therefore, inappropriate to include a reconciliation of the movements in shareholders funds.
## **14. Share Capital**
Oxford Film and Video Makers Limited is limited by guarantee and does not have a share capital.
## **15. Analysis of Net Assets between Funds**
|**Analysis of Net Assets between Funds**||||
|---|---|---|---|
|Unrestricted Funds
-
General
Restricted Funds|**Tangible**
**Fixed**
**Assets**
**£**
5,529
-
_______
_
5,529
======
=|**Inves- **
**tments**
**£**
10
-
______
10
=====|**Net**
**Current**
**Assets**
**Total**
**£**
**£**
49,427
54,966
5,750
5,750
_______
_______
55,177 60,716
======
======|
||
__
=|||
||||_
=|
**13.**
## **OXFORD FILM AND VIDEO MAKERS LIMITED NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31[ST] MARCH 2025**
## **16. Funds**
## **(a) Unrestricted General Funds**
These funds are the free reserves of the charity.
|**Unrestricted General Funds**
These funds are the free reserves of the charity.||
|---|---|
||**£**|
|Balance brought forward|85,480|
|Net (outgoing) unrestricted funds for the year|(30,514)|
||______|
|Balance carried forward|54,966|
||======|
## **(b) Restricted Funds**
|Shadowlight Artists
Disability Youth Project
Christmas Lights
Going Out, Coming Out|**Balance**
**B/fwd**
**£**
5,000
-
-
16,674
_______
21,674
======|**Movement in Resources**
**Incoming**
**Outgoing**
**& Transf**
**& Transf**
**£**
**£**
3,873 8,873
5,750 -
29,234 29,234
7,413 24,087
_______
_______
46,270 62,194
======
======|**Movement in Resources**
**Incoming**
**Outgoing**
**& Transf**
**& Transf**
**£**
**£**
3,873 8,873
5,750 -
29,234 29,234
7,413 24,087
_______
_______
46,270 62,194
======
======|**Balance**
**C/fwd**
**£**
-
5,750
-
-
_______
5,750
======|
|---|---|---|---|---|
|||
|**Incoming**
**& Transf**
**£**
3,873
5,750
29,234
7,413
_______
46,270
======||
|||||
_
=|
Details of the Restricted Fund Projects are given in the Directors’ and Trustees’ Report.
## **17. Operating Lease Commitments**
The previous ten year lease over the property from which the charity operates, came to an end in December 2011. The Charity currently pays £5,000 per annum on a semi formal basis. Negotiations with Oxford City Council are in the final stages to secure a new ten year lease for dedicated space within a new build at East Oxford Community Centre, with plans to move in and vacate our old premises in early 2026. Further details regarding premises issues are given in the Directors’ and Trustees’ Report.
## **18. Trustees Remuneration and Expenses**
None of the Trustees receive any remuneration from the charity for their role as Trustee. Regarding expenses, occasional low value reimbursements are made to the Trustees where expenditure has been incurred on the charity’s behalf.
In connection with fees for professional services related to projects, John Hunt resigned on 09/12/2024. In the 2024/25 financial year, before his resignation, he was paid £1,727 for providing teaching services.
**14.**
## **OXFORD FILM AND VIDEO MAKERS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH 2025**
## **19. Related Party Transactions**
During the year, the Charity made recharges to its subsidiary of £NIL in respect of salary recharges, and £NIL in respect of other expenses. (2024: salaries £14,252, other £3,191).
## **20. Subsidiary**
The Charity has a 100% subsidiary, Film Oxford Productions Limited, which was incorporated during a previous year.
At the year end date, the total capital and reserves of the subsidiary amounted to £10.