CITY EYE LIMITED
02786596
REPORTS AND ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
CONTENTS
Pages
Company information
Report of the directors
3-12
Independenl Examiner's Report
13
Income and expenditure account
14
Balance sheet
15
Slatement of financial activities
16
Statement of f inancial activities comparative
17
Notes lo the accounts
18-24
Company number 02786596
Regislered charity number 1089882

CITY EYE LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
COMPANY INFORMATION
Registered off ice and workshop premises
Studio 144
142 - 144 Above Bar Street
Southampton
S014 7DU
Telephone 02380 711672
E mail.. admin@¢ity-eye.co.uk
Website.. www.city-eye.co.uk
Bankers
Co-operative Bank
149 High Street
Southamplon
S014 2BT
Independent Examiner
Robert Anthony Bsc ACA
36 Merdon Avenue
Chandlers Ford
Eastleigh
S053 1EP

CITY EYE LIMITED
REPORT OF THE DIRECTORS
The directors, being the trustees of Ihe charity, present their twenty-ninth report and accounts,
being for the year ended 31 March 2024.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The constitution of the charity, being a limited company, is its Memorandum and Articles of
Association. The company is limited by guarantee and has no share capital. The members of the
company are prohibited from receiving any share of the surpluses thal the company may make,
these being retained by it to further ils charitable objectives.
The charity's registration number is 1089882 and ils company registration number is 02786596.
Its registered office is given on page 2 of these accounts.
The company is run by a voluntary board of direclors, who act as the trustees of the charity.
Directors, meetings are held on a regular basis. The directors are appointed at the company's
annual general meeting. All of the directors are members of the company.
The company reviews the membership of its Board from time to time and seeks out polential new
directors by advertising and through the activities of the company and its directors. I n view of the
small size of the company, training and induction of new board members is managed flexibly and
informally.
The company currently has two full-time employees. The directors delegate the day-lo-day
running of the company to one of the full-time employees.
DIRECTORS
The directors who held office during the year were as follows..
Darren Kerr (resigned 3 August 2023)
Lucy-Jane Fitzpatrick
Peter Thompson
Glen Jevon
John Savage
Dr Stuart Joy (appointed 27 March 20241
OBJECTIVES AND ACTIVITIES
The principal objective of the charity is to advance the education of the public in the arts and in
particular the art and science of film and video techniques.
As part of its principal objective City Eye has aimed to stimulate an interest and engagement with
all areas of film production. It undertakes a range of projects involving film and video engaging
with the broadest range of people and their communities. This work includes partnerships with
other charities and CICS, educalional establishments and local authorities, in particular
Southamplon City Council.

CITY EYE LIMITED
REPORT OF THE DIRECTORS
CONTINUED
OBJECTIVES AND ACTIVITIES - Continued
It also undertakes training courses and screening events, including the annual Southampton Film
Week, which seeks to enhance the opportunity for filmmakers to screen work and for audiences
to engage with the broadest range of film, developing experiences and deeper understanding of
the medium and ils content. The charity operates from premises in the centre of Southampton.
Access to City Eye, ils services and resources continues to be of prime importance in meeting the
charity's public benefit remit. I n addition to specific work with individuals and groups which
experience physical or mental access challenges, the company remains concerned with the
social inclusion agenda. This brings engagement with community members who find themselves
isolated by issues, circumstances, or who might be identified as people vulnerable to
discrimination as described in the protected characteristics of the Equality Act 2010.
The support of the organisation's key funder, Southampton City Council, has enabled City Eye to
offer competitively priced services and resources to community groups and individuals who seek
to engage with Ihe medium of film. Whenever possible, training courses and workshops are
offered free to those on means tested benefits and a sliding scale of charges for equipment is in
place lo ensure that cost is not a barrier to anyone wishing to express themselves through a film
project.
ACHIEVEMENTS AND PERFORMANCE
In 2023124 City Eye continued to develop its programme of events and activity, bringing people
together for production and project work, Iraining, networking and film exhibition. Although Covid-
19 was largely in the past, changes to the way audiences and participants engage, resulting from
the period of lock-down, have continued and the organisalion works hard to sustain and develop
levels of participation.
The higher staffing level achieved in 2021122 has been sustained with a full-time Head of
Production now working alongside the full-time Executive Director. The team is complemented
through the engagement of freelance staff in order to meet the requirements of project
aclivily. This approach lo staffing has proved effective over many years enabling the organisation
to match skills lo projects whilst managing costs and providing freelance crew the flexibility lo
enjoy wider work opportunities. The organisation has, therefore, been able lo develop its
programme, engaging people in the widest range of film and media activity.
The programme of work continues to be delivered independently and in collaboration with
partners across the film, arts and cultural sector ensuring that City Eye continues to provide
opportunities for learning, career progression and entertainment, supporting well-being and
community cohesion through the shared experience of film.
Legal work to agree City Eye's sub-lease to occupy its base at Studio 144 alongside John
Hansard Gallery, a department of University of Southampton, did not progress. The organisation,
therefore, continued to access and use its accommodation under a Tenancy at Will, whilst
continuing lo establish ils film and media hub within the cenlre.

CITY EYE LIMITED
REPORT OF THE DIRECTORS
CONTINUED
ACHIEVEMENTS AND PERFORMANCE - Continued
Studio 144 is the new arts complex development with which City Eye has been engaged since
the project began in 2022. The investment of time and resoLtrces to bring the project lo fruition
was significant and stretched City Eye's limited resources, but as fit out and equipment
acquisition continues and regular filmmaker activity such as the monthly film network, BFI Film
Academy Short Course and Mayflower and City Eye Young Filmmakers is established the
rewards are enjoyed by the community, creative practitioners and the staff team. Completion of
all outstanding legal work to enable full access and protect this investment remains a priority.
Located on Guildhall Square, at the heart of Southampton's Cultural Quarter, the impressive arts
facilities al Studio 144 were principally funded by Arts Council Eng land, Southampion City
Council and University of Southampton, and sit within a larger development which includes
residential and retail spaces delivered by Grosvenor who worked with CZWG architects. Studio
144 incorporates a range of performance art and gallery spaces along with production, post-
production, screening and education facilities for City Eye.
The funds allocated within the Studio 144 budget to support acquisition of equipment and fit-out
of City Eye accommodation, which were managed by University of SoLtthamplon and transferred
to City Eye in trust during 2020121 have now enabled purchase of new equipment to support the
organisation's own projects, those delivered for its clients, and lo support the training and
development of filmmakers of all ages. The organisalion now boasts the latest in cinema line
cameras and lighting, audio and post-production facilities. The new equipment brings many
benefits to those that use it bul also has a lower environmental impact.
The charity continues lo work closely with the wider arts, cultural and education sectors to enable
projects and activity for young people including on projects with Mayflower Theatre and John
Hansard Gallery Workshops for younger children were delivered for MAST Mayflower Studios
and as part of City Eye's own School Holiday Film School. Following its successful application to
the BFI, City Eye was commissioned to deliver the BFI Film Academy Short Course to a group of
20 young people.
Production and project work during the year conlinued with projects on behalf of John Hansard
Gallery, Tilted Wig Productions, Turner Sims, Ri Baroche, God's House Tower, Solenl University,
University of Southampton, Mayflower Theatre and MAST Mayflower Studios, and Monleverde
Pictures. Through this activity the organisation was again able to sustain a level of work for its
permanent team and core freelance crew, providing critical employment and training opportunities
as the sector continued its recovery following Covid-19 pandemic.
In November the company delivered the sixteenth annual Film Festival, Southampton Film Week.
Whilst box office figures were again lower than hoped for the festival was enjoyed and celebrated
by those who came, many choosing to leave positive feedback and eager to enjoy the diverse
programme which Southampton Film Week is focused on providing.
The main elements of the City Eye programme in 2023124 were as follows..
Activit
with Ma
lower Theatre Southam
ton
The organisalion is proud to continue its work with Mayflower Theatre, collaborating on a range of
youth engagement opportunities and in 23124 continued lo offer the Mayflower and City Eye
Young Filmmakers weekly workshops.

CITY EYE LIMITED
REPORT OF THE DIRECTORS
CONTINUED
ACHIEVEMENTS AND PERFORMANCE - Continued
Aclivil
with Ma
lower Theatre Southam
lon- continued
The sessions provide knowledge and skills clevelopment in all areas of digital filmmaking,
delivered in an informal and fun way with a focus equally on supporting the young group, age 12
17, to enjoy their crealivily, develop personal and interpersonal skills and positive mental
health.
In the summer of 2023 Mayflower Theatre's Summer Youth Project again provided the
opportunity for the City Eye team to work with a group of talented young people to document the
production process and performance of HONK. Members of this group have continued their
engagement with the organisation through wider activity and work experience, Cily Eye is
delighted to collaborate and provide 5UPPOrt for young people working as part of these
productions, learning how to film live performance as well as fly-on-the-wall style documentary.
At MAST Mayflower Studios, City Eye's neighbour at Studio 144, the organisalion enjoyed a
number of collaborations from film workshops for children and families to documentation of shows
for archive and screening purposes and the recording of content for inclusion in films to celebrate
the work of Mayflower and MAST.
As an associate partner of Mayflower,City Eye enjoys a close working relationship with the staff
team at its two venues. This and the organisalion's engagemenl with the programming at each
cemented the collaboration between the two organisations providing a regular income strand for
the charity.
John Hansard Galle
Documentation
John Hansard Gallery again commissioned City Eye to create films with artists marking
exhibitions with Liza Sylveslre, Anne Tallentire and Grace Lau and David Blandy. Working with
the gallery's engagement team City Eye delivered a number of workshops and its own School
Holiday Film School to support public engagemenl with the programme. This included animation
and green screen and foley workshops alongside leaching camera and editing skills.
Belter Lives Throu
h Culture- Soulham
ton Cultural Education Partnershi
City Eye was commissioned by Southampton Cultural Education Partnership (SCEPI in
collaboration with Artswork to document their 'Better Lives Through Culture, project which brought
creative mentors, artists, schools and young people together lo strengthen links to industry and
enrich their lives through education and culture.
What's Next Southam
lon? _ Universit of Southam
lon
Funded by University of Southampton, City Eye produced a short film documenting 'What's Next
Southampton?, a free festival celebrating arts, fashion and music in Southampton's Cultural
Quarter. The Festival was created by the SCEP'S group of young 'Cullural Connectors,. The
festival also programmed cultural organisations lo engage with a wide variety of activities. City
Eye provided a stop motion animation and sound recording experience for children, young people
and their families.

CITY EYE LIMITED
REPORT OF THE DIRECTORS
CONTINUED
ACHIEVEMENTS AND PERFORMANCE - Continued
BFI Film Academ
Following its successful application to BFI City Eye was awarded f unding to deliver a BFI Film
Academy Short Course for young people age 16-19 years. The courses, which are delivered
across the UK, help train and inspire the next generation of UK filmmakers and production crew,
supporting participants lo develop new skills and gain commercial and cultural knowledge to help
build a career in the screen industries. Twenty young people were recruited from across the south
central region to attend at City Eye.
The City Eye core team supported by a range of industry specialists provided tuition and support
through a programme of workshops, maslerclasses, and screenings. Students were guided to
develop their own film from initial concept through lo post-production and screening. The film
produced, Piece, tells the story of a young graffiti artist and students worked with professional
artists and actors lo realise their vision. The resultant film achieved its exclusive premiere at a
local cinema in an event sponsored by a number of local businesses. On completion of the
course, students have been able to engage with wider City Eye and BFI Film Academy alumni
opportunities including further courses and training, screenings and events.
City Eye has provided further training and work experience opportunities lo a number of students,
including joining the crew of the City Eye supported feature film, A Night Like This. The
organisalion continues lo work with and support these emergent filmmakers as they develop their
careers.
Monteverde Pictures - A Ni
hl Like This
City Eye was approached by team member Liam Calvert for support with production of his debut
feature film project. Liam took up a work placement with City Eye in 2019 following his graduation
from Film and TV at Solent University. Since that lime Liam has returned to the team lo support
with particular projects and delivery of Southampton Film Week. Liam was offered the role of
director for the film A Night Like This by its writer and producer Diego Scerrati for whom this was
also a debul feature, produced on a very low budget. The production was in need of crew and
equipment. City Eye was able to make key equipment available at reduced cost but also to place
Head of Production, Aaron West, on the crew as B Cam Operator.
In addition pathways to the industry were created for 3 of City Eye's BFI Film Academy alumni
and 2 attendees of rts 1825 Filmmakers Group, all of whom gained invaluable on-set experience
on the production. The project has created a model for support of independent filmmaking and
for City Eye's sludents lo expand their experience on production which the organisation is eager
to replicate.
It is more than gratifying that A Night Like This has been selected to premier at BFI Flare 2025
and has distribution in place for cinema release.
Soulham
ton Film Week
The sixteenth annual Southampton Film Week, held between 10th and 19th November, again saw
Cily Eye leading the celebration of filmmaking and film culture. Across 10 days SFW23 delivered
27 events, ranging from feature and short film screenings, Q&As, workshops, discussion,
premiers, live music, archive and heritage, artist film, competition and of course the annual Film
Quiz.

CITY EYE LIMITED
REPORT OF THE DIRECTORS
CONTINUED
ACHIEVEMENTS AND PERFORMANCE - Continued
The programme was well received though box office figures remain challenging. Once again live
music and film events proved very popular and the organisation was delighted to collaborate with
music venue Turner Sims and Pianist Meg Morley to present The Mark of Zorro (19201 and with
The 02 Guildhall to introduce organist Aaron Hawthorne who provided the score for the 1923
Hunchback of Notre Dame.
The wider programme brought collaborations with the regional archive, Southampton's two
Universities, heritage venues and with the local film society as well as IntoFilm the national youth
film festival. Alongside popular classics, SFVV at its heart supports independent film and
filmmakers, emergent talent and new voices, a core mission is to create showcase opportunities
for filmmakers and viewing opportunities for audiences enabling discovery of work they might not
othetwise have enjoyed. To this end local filmmaker Richard David premiered On Resistance
Street and former Chair of City Eye, Phil Peel delivered a lest screening of his new work Gone to
Ground.
The feature programme further provided opportunity to link with MAST Mayflower Studios
Emergency Season focusing on the climate crisis, and to consider diversity on screen and behind
the camera. New UK filmmaking lalenl Charlotle Regan (Scrapper) and Ella Glendening (Is There
Anybody Out There?} provided the opportunity for BFI Film Academy students to be inspired by
both the filmmakers and their chosen subject matter in these two very different films each
representing the future of film.
SFW.. Shorts, the festival's own short film competition ran for the 121h year and invited filmmakers
to submit films up to 15 minutes in length for judging. Short films were submitted from across the
globe. The creation of showcase opportunities for emergent filmmaking talent remains a key
driver for the festival and alongside the workshop, networking and masterclass events, provides
enhanced opportunities for project and career development. Submissions enabled a rich and
varied short-lisl of films which were celebrated al an in-person screening and awards event held
at MAST Mayflower Studios.
City Eye was successful in its application to the BFI'S Film Exhibition Fund administered through
Film Hub South-wesl and was awarded £3,000 to support programme and marketing
activity. Further funds were secured from Gol Southampton the local Business Improvement
District, derived from submissions to SFW. Shorts and by utilising funds provided to City Eye
through its annual grant from Soulhamplon City Council.

CITY EYE LIMITED
REPORT OF THE DIRECTORS
CONTINUED
FINANCIAL REVIEW
Results
2023124
2022123
The deficit for the year has arisen as follows..
Deficit on general fund
Surplus on restricted capital funds
-30,268
3,780
-26,225
21,792
Overall deficit
-£26,488
-£4,433
The charity incurred a deficit of £30,268 on its general fund for the year due to higher costs. Total
income was £100,113 for the year, a slight increase on the previous year's total of £99,507.
Project income increased from £40,964 to £54,142 which includes £20,272 arising from the BFI
Academy project. Excluding the BFI work, other project fees were lower by some £7,000. The
charity received a revenue grant from Southampton City Council which was £26,527, being
unchanged from the year before.
The Soulhamplon Film Week ran again this year and il was much beller funded, with sponsorship
and contributions of £5,000 which enabled a full programme of events to lake place.
The level of core funding provides for the very minimum of staffing. As reported last year, staffirsg
was increased at the end of 2021122 to two full-lime and one part-time employees. This level of
staff ing continued throughout the year. I n addition the pay levels of the staff were increased to a
more realistic level to reflect the experience and technical abilities of the two full-time member of
staff. As a result, staff costs increased from £69,65710 £85,118, which includes the additional
cosls of higher pension contributions and employers National Insurance.
The charity was able lo add further to its film-making and editing equipment in the year - total
equipment additions were £14,444 of which £9,981 was funded from the University of
Soulhamplon trust fund and £4,463 was funded by a one-off grant form the Southampton City
Council.
The restricted capital fund shows a surplus for the year of £3,780, much less than last time as
there were fewer equipment additions funded by restricted grants. This is the result of two
contrary factors. Firstly, a net credit arises this year of £14,444 as the value of the equipment
bought using the Universily of Soulhampton trust fund and the Southampton City Council
exceeded the deprecialion charge on these assets. Secondly a charge or debit arises of £10,664
as depreciation is being charged on the tangible fixed assets funded in previous years by grants
and donations, which will gradually reduce the fund over the coming years. These two sums
make a net credit or increase in the restricted capital funds of £3,780.
A transfer is made each year to or from the designated capital fund to reflect the change in the
company's investment in its equipment and other fixed assets, excluding assets acquired by
restricted funds. An amount of £221 has been transferred from the capital fund to the general
reserve as shown in note 10.

CITY EYE LIMITED
REPORT OF THE DIRECTORS
CONTINUED
FINANCIAL REVIEW- Continued
The charity had designated previously some of its covid-related support grants to cover increased
future costs associated with running the premises at Studio 144. The charity had £5,000 of this
left from 2022123. It has been f ully allocated this year to the general reserve to partly cover the
increase in staff costs resulting in a nil balance at 31 March 2024.
As a result of the overall deficit for the year the charity has a deficit of £13,709 on its general
reserve al 31 March 2024.
Reserves
olic
statement
The charity does not hold reserves in order to fund future operations, since a significant part of its
funding is in the form of an annual grant from the city council. and the charity aims to break-even
on an annual basis. Where a surplus does arise, this is retained to fund either future capital
expenditure or additional development costs. The amount of such reserves used by the company
to cover capital expenditure is shown as a separate designated fund on the balance sheet.
The company has a reserves policy of maintaining a £5,000 general reserve. Due to the revenue
deficit incurred in the year, the company has no general or unrestricted reseThes left at 31 March
2024,
Risk assessment statement
The main operating risks facing the charity are those associated with the operating of premises
and the employment of staff. However, many of the risks of the base at Studio 144 are minimised
since the actual building is looked after by Soulhamplon University The charity ensures that
adequate insurance is maintained lo cover not only general contenls but also public and
employers liability.
The main financial risk is the reliance on revenue grants from its main funder, Soulhampton City
Council, which is essentially fixed for the year, yet the operating income, especially project work
is uncertain. The directors keep the annual budget regularly under review at their meetings and
budgets and reports are produced during the year. This risk has become the key risk to manage
in view of the revenue deficit for the year.
The directors and staff work to maintain good relations with the Cily Council and additional
funding from other sources is oblained wherever possible to supplement the main grant.
A potential risk facing the charity is in relation to the costs associated with its occupation of
accommodation in Sludio 144, as the charity has at present no formal lease and there is no
quantification of the likely service costs which may be levied by the university in the future.
10

CITY EYE LIMITED
REPORT OF THE DIRECTORS
CONTINUED
FUTURE DEVELOPMENTS
The charity will continue to develop its programme of education and training, aiming to involve
greater numbers of people from all sections of the community. Funding will be identified and
sought where possible to improve the facilities available lo support the growth of the education
programme, which includes the BFI Academy which will feature again for 2024125. Work to
support the development of new film, emergent and established filmmakers along with activity lo
embed the medium in the community through engagement on filmmaking proiects and screenings
will continue to be key areas of focus.
Regrettably the charity has been advised that the grant received from Southampton City Council
would be phased out across 2024125 and 2025126 with the expectation that in the 2026127 year
no grant would be made. This cut responds to the challenging financial situation which the council
is experiencing and will affect all grant funded arts and cultural organisations in the city. The
impact of this cut for City Eye is significant.
Work continues with John Hansard Gallery, Mayflower Theatre, University of Southampton and
Southampton City Council, the organisalional partners in Studio 144, Southampton's city centre
arts complex. City Eye will continue to engage with initiatives focused on the development of
audience for and animation of Southampton's Cultural Quarter.
The charity anlicipales being able lo expancl its technical abilities with the new equipment
acquired in 2022123 and 2023124 via the University of Southampton's capital trust fund. The
extent of future development is however dependent on securing the necessary project funding.
The key issue facing the charity is lo secure increases in revenue and reducing costs $0 as lo
return lo a positive balance on its general reserve. Some progress has been made on this during
2024125. As part of this process, the part-time employee left on 3 April 2024 and has not been
replaced, The board of directors and the staff will work together through the next two years to
identify and secure alternative funding to replace the city council annual grant.
PUBLIC BENEFIT STATEMENT
In accordance with the requirements of the Charities Act 2011 and the associated Charities
(Accounts and Reports) Regulations 2008, the directors confirm that they have complied with
their duties lo have due regard to the guidance on public benefit as published by the Charity
Commission, in exercising their powers and duties in the year under review.
STATEMENT OF DIRECTORS, RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and accounts in
accordance with applicable law and regulations.
Company law requires the directors to prepare f inancial statements for each financial year. U nder
that law the directors have elected lo prepare the financial statemenls in accordance with United
Kingdom Generally Accepted Accounting Praclice (United Kingdom Accounting Standards and
applicable law), including the Charity SORP. Under company law the directors must not approve
the financial statements unless they are satisfied that they give a true and fair view of the slate of
affairs of the company and of the profit or loss of the company for that period. In preparing those
financial statements, the directors are required to..

CITY EYE LIMITED
REPORT OF THE DIRECTORS
CONTINUED
STATEMENT OF DIRECTORS, RESPONSIBILITIES - Continued
select suitable accounting policies and then apply ihem consistently
make judgments and estimates that are reasonable and prudent
prepare accounts on a going concern basis unless it is inappropriate to presume that the
company will continue in business.
The directors are responsible for keeping proper accounting records which disclose with
reasonable accuracy at any time the financial position of the company and that enable them to
ensure that the accounts comply with the Companies Act 2006. They are also responsible for
safeguarding the assets of the company and hence for taking reasonable steps for the prevention
and deteclion of fraud and other irregularities.
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act
2006 relating to small companies.
BY ORDER OF THE BOARD
Susan Beckett
Secretary,
Southampton
Date.. 27 March 2025
12

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
CITY EYE LIMITED CHARITABLE COMPANY
I report lo the charity trustees on my examination of the accounts of the company charity for the
year ended 31 March 2024, which are set out on pages 14 to 24.
Res
onsibilities and basis of re
ort
As the Charity's Iruslees of the company (and also its directors for the purposes of company law)
you are responsible for the preparation of the accounts in accordance with 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 under
Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my
examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011
(the 2011 Act). In carrying out my examination I have followed the Directions given by the Charity
Commission under Section 145{5) (b) of the 2011 Act.
Inde
endent examiner's statement
I have completed my examination. I confirm that no matters have come lo my attention in
connection with the examination giving me cause to believe,.
accounting records were not kept in respect of the company as required by Section 386
of the 2006 Act, or
2. the accounts do not accord with those records, or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006
Act other than any requirement that the accounts give a true and fair view" which is not a
matter considered as part of my examination., or
4. The accounts have not been prepared in accordance with the methods and principles of
the Statement of Recommended Practice for accounting and reporting by Charities
applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland {FRS 102).
I have no concerns and have come across no other matters in connection with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts lo be reached.
Robert Anthony
36 Merdon Avenue
Chandlers Ford
Eastleigh
Hampshire
S053 1EP
27 March 2025
13

CITY EYE LIMITED
INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Notes
2023124
2022123
INCOME
Income from charitable activities
100,113
99,507
EXPENDITURE
Charitable activities
126.601
103,940
DEFICIT ON OPERATING ACTIVITIES
-26,488
4,433
Bank interest received
DEFICIT ON ORDINARY ACTIVITIES
BEFORE TAXATION
-26,488
4,433
Corporation Tax
DEFICIT FOR THE YEAR
AFTER TAXATION
12
-£26,488
-£4,433
14

CITY EYE LIMITED
COMPANY NUMBER 02786596
BALANCE SHEET
AT 31 MARCH 2024
Notes
2024
2023
TANGIBLE FIXED ASSETS
32,657
29,098
CURRENT ASSETS
Debtors
Cash at bank and in hand
16,588
13,396
38,177
2,651
29,984
40,828
CREDITORS.. Amounts falling due wilhin
one year
43,693
24,490
NET CURRENT ILIABILITIES)IASSETS
-13,709
16,338
NET ASSETS
£18,948
£45,436
FUNDS OF THE CHARITY
Unrestricted funds..
Income and expenditure account
Designated revenue reserve
Designated capital reserve
10
-13,709
11,338
5,000
884
10
663
-13,046
17,222
Restricted funds..
Revenue funds (page 13}
Capital funds
31,994
28,214
TOTAL FUNDS
12
£18,948
£45,436
For the financial year ended 31 March 2024 the company was entilled to exemption from audit
under section 477 of the Companies Act 2006 and no notice has been deposited under section
476. The directors acknowledge their responsibilities for ensuring that the company keeps
accounting records which comply with section 386 and for preparing accounts which give a true
and fair view of Ihe slate of affairs of the company as at 31 March 2024 and of its result for the
financial year in accordance with the requirements of section 396 and which otherwise comply
with the requirements of the Companies Act 2006 relating lo accounts, so far as applicable to the
company.
The financial statements have been prepared in accordance with the provisions of Part 15 of the
Companies Act 2006.
The accounts on pages 1410 24 were approved by the Board of Directors and authorised for
issue on 27 March 2025 and are signed by..
Lucy-Jane Filzpatrick
Director
Dr Stuart Joy
Director
15

CITY EYE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
Restricted Restricted
revenue
ca
funds
funds
Unrestricted
funds
Total
2024
Total
2023
Income from:
Charitable activities
80,669
5,000
14,444
100,113
99,507
Expenditure on:
Charitable activities
110,937
5,000
10,664
126,601
103,940
Net movement of funds
-30,268
3,780
-26,488
-4,433
Reconciliation of funds..
Funds brought forward
17,222
28,214
45,436
49,869
Funds carried forward
-£13,046
£31,994
£18,948
£45.436
Analysls of net assets
between funds
Tangible fixed assets
Debtors
Cash al bank
Less.. Creditors
663
16,588
13,396
-43,693
31,994
32,657
16,588
13,398
43,693
29,098
38,177
2,651
24,490
Total net assets
-£13,046
£31,994
£18,948
£45,436
The net expenditure figure of £26,488 is equivalent to the def icil of income over expenditure for
the year as shown in the income and expenditure account on page 14. The balance on the
income and expenditure account of £18,948 equals the lolal net assets at 31 March 2024 shown
above. The unrestricted revenue funds are analysed in note 10.
16

CITY EYE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024 - COMPARATIVE
Restricted Restricted
revenue
ca
funds
funds
Unrestricted
funds
Total
2023
Total
2022
Income from:
Charitable activities
Other income
67,491
820
31,196
99,507
78,586
12,000
67,491
820
31,196
99,507
90,586
Expenditure on:
Charitable activities
93,716
820
9,404
103,940
94,368
Net movement of funds
-26,225
21,792
-4,433
-3,782
Reconciliation of funds..
Funds brought forward
43,447
6,422
49,889
53,651
Funds carried forward
£17,222
£28,214
£45,436
£49,869
Analysls of net assets
between funds
Tangible fixed assels
Debtors
Cash at bank
Less.. Creditors
884
38,177
2,651
-24,490
28,214
29,098
38,177
2,651
-24,490
7,322
14,077
49,984
21,514
Total net assets
£17,222
£28,214
£45,436
£49,869
The nel expenditure f igure of £4,433 is equivalent to the deficit of income over expenditure for the
year as shown in the income and expenditure account on page 14. The balance on the income
and expenditure accounl of £45,436 equals the total net assets al 31 March 2023 shown above.
The unrestricted revenue funds are analysed in note 10.
17

CITY EYE LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES
Basis of accountin
The company uses the historical cost basis of accounting, and the accounts are drawn up in
accordance with the requirements of the Statement of Recommended Practice of Accounting by
Charities- SORP IFRS 102) second edition, as issued by the Charity Commission effective from
October 2019.
Goin
concern
The accounts have been prepared on the basis thal it is a going-concern at 31 March 2024 and
will have adequate resources for it to continue for at least a further 12 months from the date of
signing Ihese accounts. The charity made a deficit for the year and has a deficit on ils general
reserve at 31 March 2024 as its income for the year was insufficient lo cover ils rising costs. The
charity has been able to continue lo operate by careful cash-flow management and by taking
extended credit in certain situations.
The directors have therefore adopted the going-concern assumplion as the basis for preparing
these accounts.
No provision has therefore been made in these accounts for any adjustments that may be
necessary if this basis were not adopted.
Income
Income represents revenue and capital grants receivable and project fees for work done and
equipment hire. Grants and amounts invoiced in advance of the project work being completed are
included in creditors as deferred income. Grants received for general revenue purposes are
treated as unrestricted funds,. grants received that are specified by the donor for a specific
purpose are treated as reslricled funds. Grants are included as receivable when the company has
an unconditional entitlement lo the funds at the year-end.
Tan
ible fixed assets
Tangible fixed assets are stated in the balance sheet at cost less capital grants received less
accumulated depreciation. Depreciation is provided to write off the cost of these assets over their
estimated useful life on the reducing balance basis at the rate of 250/0 per annum.
Where tangible fixed assets are donated to the charity and are material and their value can be
assessed with reasonable accuracy, they are included in Ihe balance sheet as assets and
depreciated in the normal manner. Their value is included as restricted grant income and the
depreciation is allocated against the restricted income. such that the net book value of the assets
al the year-end is equivalent to the balance on the restricted fund.
Tangible fixed assets purchased from capital funds held by the charity in trust for the University of
Southampton are included in the balance sheet at their cost less accumulated depreciation, since
the charity has beneficial use of these assets. Their value is represented by a reslricted income
fund, against which depreciation charged on these assets is allocaled.
18

CITY EYE LIMITED
NOTES TO THE ACCOUNTS
Continued
1. ACCOUNTING POLICIES - continued
Allocation of su
ort costs
In view of the small size of the charity, it is not practical to attempt to allocate staff time and other
office related overheads between charitable activities and governance, and so all such costs have
been allocated to the cost of charilable activities, these being by far the mosl predominant
activity.
Reslricted and unreslricled funds
The company has a policy of distinguishing its reserves (or funds) between unrestricted or
general reserves, and restricted reserves. The latter arise from income that is unspent by the
year-end, but where the donor has specified the use to which the money is to be put. The
unrestricted reseNes are designated by the directors where necessary, to fund future events,
activities or capital expenditure for which the funds were received.
Unrestricted funds can be designated by the charity for a specific purpose. The charity has one
such designated revenue reserve, relating to funds provided by the Southampton City Council in
the past to assist in meeting the extra costs of operating from the new premises of Studio 144.
Capital funds provided by the University of Southampton in order to equip Studio 144 which are
unspent al the year-end are held in Irust and as such are not included in the balance sheet as
cash at bank.
Ca
ital reserve
Where tangible fixed assets are purchased from revenue funds, an amount equal to their cost is
transferred lo a capital reserve, from the income and expenditure account. This is a designated
rather than restricted fund, in that part of the unrestricted or general reserves have been applied
for a purpose specified by the Iruslees of the charity.
As the tangible fixed assets are depreciated, an amount equal lo this depreciation is then
released to the income and expenditure account. The balance on the capital reserve is therefore
equal to the net book value of the langible fixed assets financed,
Com
anies Act 2006
The directors have departed from the exact formats laid down by the Companies Act 2006 in
order for the accounts to give a true and fair view of the company's affairs.
19

CITY EYE LIMITED
NOTES TO THE ACCOUNTS
Continued
2. INCOME FROM CHARITABLE ACTIVITIES
2023124
2022123
Unrestricted funds..
General revenue grants..
Southampton Crty Council
26,527
26,527
Income from activities..
Project fees and event income
BFI Academy
BFI Academy sponsorship
Workshop fees
32,490
20,272
650
730
39,124
1,840
54,142
40,964
Total unrestricted funds
80,669
67.491
Restricted funds..
Revenue funds. Southampton Film Week
Watershed Arts Centre
Go.. Southamplon
University of Southampton
3,000
1,000
1.000
820
5,000
820
Capital funds..
University of Southampton
Southampton City Council
9,981
4,463
31,196
14,444
31,196
Total restricted funds
19,444
32,016
Tolal income
£100,113
£99,507
3. COST OF CHARITABLE ACTIVITIES
Staff costs (note 4)
Direct project costs including BFI Academy
Freelance worker fees
Soulhamplon Film Week
Computer maintenance
Websites and social media
Online services
Rates for Studio 144
Insurance
Support costs (note 5)
Depreciation
85,118
7,438
7,436
4,982
1,200
555
1,177
1,708
2,438
3,664
10,885
69,657
1,920
8,565
3,278
1,200
354
1,426
2,178
1,989
3,671
9,702
£126,601 £103,940
20

CITY EYE LIMITED
NOTES TO THE ACCOUNTS
Continued
2023124
2022123
4. STAFF COSTS
Salaries
Employers National Insurance
Pension contributions
Training and DBS checks
80,511
2,590
1,854
163
67,028
845
1,345
439
£85,118
£69,657
The company had on average two full-time and one part-time employees12023'. two full-time and
one part-lime employee) during the year, excluding directors. The directors received no
remuneration for their services as directors. No re-imbursement of trustee expenses was made in
the year (2023.. nill.
Under the terms of Ihe charity's constitution, the directors are able to charge for their professional
services rendered. The director Glen Jevon charged fees for his professional filming setvices
and for the year ended 31 March 2024 these amounted to £7,753 {2022123.' £5,332).
Remuneration paid lo the key management personnel, not being a trustee, was £38,624
(2022123.. £30,000)
2023124
2022123
5. SUPPORT COSTS
Stationery, postage and office
Telephone
Travel and subsistence
Bookkeeping
Accountancy
Subscription
Research
Sundries
Bad debt recovered
Exchange Igain)Iloss
Paypal commission
Eventbrite commission
Late payment interest
89
143
477
534
1,530
124
189
209
185
174
899
360
1,350
184
328
31
25
110
203
26
134
48
£3,664
£3,671
6. CORPORATION TAX
No charge to corporation tax arises since the company is a registered charity.
21

CITY EYE LIMITED
NOTES TO THE ACCOUNTS
Continued
7. TANGIBLE FIXED ASSETS
Film. video and computer equipment
COST
At 1 April 2023
Additions
80,931
14,444
At 31 March 2024
95,375
DEPRECIATION
Al 1 April 2023
Provided
51,833
10,885
At 31 March 2024
62,718
NET BOOK VALUE
At 31 March 2024
£32,657
At 31 March 2023
£29,098
2024
2023
8. DEBTORS
Amounts falling due within one year,
Project income debtors
Prepayments and accrued income
Other debtors
14,633
150
1,805
12,520
1,439
24,218
£16.588
£38,177
There are no amounls falling due after more than one year.
9. CREDITORS
Amounts falling due wilhin one year..
Trade credilors
Taxalion and social security payable
Accruals and other creditors
Deferred income
1,578
13,659
13,192
15,264
1,667
5,225
4,334
13,264
£43,693
£24,490
There are no amounts falling due after more than one year.
22

CITY EYE LIMITED
NOTES TO THE ACCOUNTS
Continued
10. UNRESTRICTED FUNDS
General
fund
Capital Premises
fund
fund
Total
Balance brought forward
(Deficit) for the year
Transfer from general fund re langible
fixed assets (see below)
Transfer from premises fund
11,338
-30,268
884
5,000
17,222
-30,268
221
5,000
-221
-5,000
Balance carried forward
-£13,709
£663
-£13,046
The transfer to the capital fund from the income
and expenditure account is in respect of..
Depreciation charged for the year
Depreciation allocated to restricled capital funds
-10,885
10,664
Nel transfer from the capital fund
-£221
The balance on the capital fund of £663 represents the company's investment in its tangible fixed
assets. With the amount of the restricted capital funds of £31,994, this equals the total nel book
value of the tangible fixed assets shown in note 7 of £32,657.
11. RESTRICTED CAPITAL FUNDS
Brought
Funds
foNard receivable
Funds
allocated
Total
University of Southampton
Southampton City Council
Pheonix Film Society
25,398
9,981
4,463
8,845
1,115
71
26,534
3,348
214
285
Southampion Solent University
Screen South
2,475
56
619
14
1,856
42
Balance carried forward
£28,214
£14,444
£10,664
£31,994
23

CITY EYE LIMITED
NOTES TO THE ACCOUNTS
Continued
2024
2023
12. STATEMENT OF MOVEMENT IN FUNDS
Opening funds
Deficit for the year {page 141
45,436
-26,488
49,869
-4,433
Closing funds
£18,948
£45,436
13. RELATED PARTIES
There are no disclosures required in respect of transactions with related parties, other than the
transactions relaling lo the director for professional services provided as described in note 4.
14. CONTINGENT LIABILITY
The company has entered into a Tenancy At Will in relation to its occupation of rooms within the
arts complex known as Studio 144. Ils immediate landlord is the John Hansard Gallery which is
department of the University of Soulhamplon. To date the company has not received any
demands from the university for any rent or service charges that may be due once the company
has entered into a formal lease for the occupation of these premises. As these charges are not
quantified at the present lime, no provision has been made in these financial statements for the
possible cost.
24