CITY EYE LIMITED
02786596
REPORTS AND ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
CONTENTS
Pages
Company information
Report of the directors
3-14
Independent Examiner's Report
Income and expenditure account
16
Balance sheet
Statement of financial activities
18
Statement of financial activities - comparative
19
Notes to the accounts
20-26
Company number 02786596
Registered charity number 1089882

CITY EYE LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
COMPANY INFORMATION
Registered office and workshop premises
Studio 144
142 - 144 Above Bar Street
Soulhampion
S014 7DU
Telephone 02380 711672
E mail.. admin@cily-eye,co.uk
Website.. www.cily-eye.co.uk
Bankers
Co-operalive Bank
149 High Streel
Soulhamplon
S014 2BT
Independent Examiner
Robert Anthony Bsc ACA
36 Merdon Avenue
Chandlers Ford
Easlleigh
S053 1EP

CITY EYE LIMITED
REPORT OF THE DIRECTORS
The directors, being Ihe trustees of the charity, present their thirtieth report and accounts, being
for the year ended 31 March 2025.
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 that the company may make,
these being retained by it lo further its charitable objectives.
The charity's reglslralion number is 1089882 and its company registration number is 02786596.
Ils registered office is given on page 2 of these accounts,
The company is run by a voluntary board ol directors, who act as the trustees of the charity.
Directors, meeting5 are held on a regular basis. The directors are appointed al the company's
annual general meeting All of the directors are members of the company
The company reviews the membership of ils Board from lime to lime and seeks out Potential new
directors by advertising and throug h the activities of the company and ils directors. I n view of the
small size of the company, training and induction of new board members is Inanaged flexibly and
informally.
The company currently has two full-lime employees. The directors delegate the day-to-day
running of the company lo one of the full-lime employees
DIRECTORS
The directors who held office during the year were as follows..
Lucy-Jane FitzpatrSck (resigned 11 December 2025)
Peter Thompson
Glen Jevon
John Savage
Dr Stuart Joy
OBJECTIVES AND ACTIVITIES
The principal objective of the charity is lo 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 lo stimulate inleresl and engagemenl with all
areas of film production. It undertakes a range of projects involvlng film and video engaging wilh
the broadest range of people and their communities. This work includes partnershlps with other
charities and CICS. educational establishments and local authorities, particularly Southampton
City Council.

CITY EYE LIMITED
REPORT OF THE DIRECTORS
CONTINUED
OBJECTIVES AND ACTIVITIES - Continued
11 also undertakes Iraiiiing courses and screening events, including the annual Southampton Film
Week, which seeks lo enhance the opportunity for filmmakers lo screen work and for audiences
lo engage with the broadest range of film, developing experiences and deeper understanding of
the medium and its content. The charity operates from premises in the centr& of Southamplon.
Access lo City Eye, its services and resources continue to be of prime importance in meeting the
charity's public benefit remit In addition lo specific work with ind ividiials and groups which
experience physical or mental access challenges, the company remains concerned with Ilie
social inclusion agenda. This brlngs engagement with community members who find themselves
isolated by issues, circumstances, or who might be identified as people vulnerable lo
discriminallon as described in the prol8cled characleristlcs of the Equality Act 2010.
The support of the organisation's key funder, SoLlthamplon City Council, h8s enabled Clly Eye lo
offer competitively priced services and resources to commLinily groups and individ uals who seek
to engage with the medium of film. Whenever possible, training courses and workshops are
offered free lo 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 lo express themselves through a film
project.
ACHIEVEMENTS AND PERFORMANCE
In 2024125 City Eye continued lo develop its programme of events and actlvily, bringing people
together for production and project work, training, networking and film exhibition, Altliough Covid-
19 was largely in the past, changes to the way audiences and participants engage, developed in
the period of lock-down, have continued and the organisalion works hard lo suslain and develop
levels of participation
The higher staffing level achieved In 2021122 continues with the full-time Head of Production now
working alongside the full-lime Executive Director. The team is complemented tlirough the
engagement ol freelance staff lo meet the requirements of project aclivily. This approach lo
staff ing has proved effective over many years enabling the organisalion lo match skills to projects
whilst managing costs and providing freelance crew the flexibility to enjoy wider work
opportunities. The organisalion has, therefore, been able lo develop ils programme, engaging
people in the wldest range of film and media activity.
The programme of work continues to be dellvered 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 enlertainmenl, supporting well-being and
community cohesion through the shared experlence of film.
Legal work to agree City Eye's sub-lease lo occupy ils base at Studio 144 alongside John
Hansard Gallery, a department of University of Soulhampton, did not progres5. The organisalion,
therefore, continued lo access and use its accommodation under a Tenancy at Will, whilst
continuing to establish its 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 2002. The investment of liine and resources lo bring the project to fruition
was significant and stretched City Eye's limited resources, bul as fit out and equipment
8CqUlSltion continues and regular filmmaker activity such as the monthly film network, BFI Film
Academy Short Course, the region's Screen Industry Skills Boolcamp and City Eye Young
Filmmakers is established, the rewards are enjoyed by the comimunily, creative praclilioners and
the staff team. Completion of all oulslandin9 legal work to enable full access and protect this
investment remains a priority.
Located on Guildhall Square, at the heart of SoLlthamplon's Cultural Quarter, the impressive arts
facilities al Studio 144 were principally funded by Arts Council England, Soulhamplon City
Council and University of Southamplon, and sil within a larger development which includes
residential and retail spaces delivered by Grosvenor who worked with CZWG archilecls. Studio
144 incorporates a range of perforniance art and gallery spaces along with production, post-
production, screening and education facilities for Cily Eye.
The funds allocated within the Studio 144 budget lo support acquisition of equipment and fit-oul
of City Eye accommodation, which were managed by University of Soulhamplon and Iransferred
to City Eye in trust during 2020121 have now enabled purchase of new equipment to support the
organisalion's own projec15, those delivered for its Glienls. and lo support the training and
development of filmmakers of all ages. The org8nisalion now boasts the13lesl in cinema line
cameras and lighting, audio and posl-produclion facilities, The new equipment brings many
benefits to those that Use il bul also has a lower environmental impact.
Th6 charlty continues to work closely with the wider arts, cultural and education sectors to enable
projects and activity for young people includlng 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 ils successful application lo
the BFI, City Eye was commissioned to deliver the BFI Film Academy Short Course to a group of
20 young people for the second year in succession.
Production and project work durSng the year continued with projects on behalf of John Hansard
Gallery, Soulhamplon Forward, Turner Sims, Amy Goodman Artist, God's House Tower, The
Stage Door, Soulhamplon Pride, University of Southampton and Mayflower Theatre. Through
this activity the organisallon was again able lo sustain a level of work for ils permanent team and
core freelance crew, providing critical employment and training opportunities
In November the company delivered the seventeenth annual Film Festival, Soulhamplon Film
Week. Over 10 days audiences were welcomed lo 13 events across the diverse programme of
film, music and talks. Audience and partner feedback was positive and il Is gratifying that the
festival was enjoyed and celebrated by those who came.

CITY EYE LIMITED
REPORT OF THE DIRECTORS
CONTINUED
ACHIEVEMENTS AND PERFORMANCE - Continued
The main elements of the City Eye programme in 2024125 were as follows..
Activil
with Ma
flower Theatre Southam
lon
The organisation is proud lo continue ils work with Mayflower Theatre, collaborating on a range of
youth engagement opportunities and in 24125 continued lo offer the Mayflower and City Eye
Young Filmmakers weekly workshops.
The sessions provide knowledge and skills development 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 p051tive mental
health.
In the summer of 2024 Mayflower Theatre's Suininer Youth Project again provided the
opportunity for the City Eye team lo work with a group of talented young people lo document the
production process and a performance of Bugsy Malone, Members of this group have continued
their engagement with the organisation through wider activity and work experience. City Eye is
deli9hled lo collaborale and provide support for young people woi'king as part of these
pioductions, learning liow to film live performance as well as fly-on-the-wall style documentary,
Al Mayflower Studios, City Eye's neighbour at Studio 144, the organisalion enjoyed a number of
collaborations from film workshops for children and families lo docunient8lion of shows for
archive and screening piirposes and the recording of conlenl for inclusion in films lo celebrate the
theatre's work.
As an associate partner of Mayflower, City Eye enjoys a close working relationship with the staff
team al its two venues. This and the organisalion'5 connection with the programming al each
cemented the collaboration between the two organisations providing a regular income strand for
the charity.
John Han
rd G Iler
Documenta
ion
For John Hansard Gallery, City Eye provided film and photography services throughout the year.
To mark the occasion of ils major exhibition of the work of Pia Arke, the gallery hosted
conference including Presentat￿On$, discussion and the launch of the book of the exhibition. City
Eye was engaged lo document this activity and to produce a film record of it.
For the Gallery's Conflicting Ideas.. Conflict and Compassionate Conversations series of talks in
collaboration with University of Southampton and Mayflower Studios, City Eye filmed audience
feedback following events which featured David Harewood, Alison Lapper, Kobna Hodbrook-
Smith and Afua Hirsch. As part of further exhibitions, 'in conversation, events were filmed wilh
Permindar Kaur, Sonia Boué and Ashokkumar D Mislry.

CITY EYE LIMITED
REPORT OF THE DIRECTORS
CONTINUED
ACHIEVEMENTS AND PERFORMANCE - Continued
rn
r Sims
Projects with Turner Sims, the University of Southampton's music venue, brought opportunities lo
engage with young people as pat1 of ils Listening Project and the production of a new Welcome
film. For the listening project, working with local primary school children, 4 films were made to be
shown in the education selling as an introduction lo the venue in advance of a visit. For the
Welcome film the children introduced the venue for audiences. explaining how the venue and
area5 within might be located, how tickets and refreshments could be purchased, how assistance
might be sought - lo find seats or lo request help including to ask for a sensory pack to assist
access to the experience.
The projects provided training opportunlties for C ity Eye's own students, in particular 3 graduates
of the organisalion's BFI Film Academy Sliort Course.
Goodman Artist
City Eye's Head of Production, Aaron Wesl, continued hi5 documentation of the work of the
sculptor Amy Goodman, as she worked on the commisslon of the Sister Queens,, two large
pieces comMiss￿Oned by Test Vallery Borough Council lo commemofale the late Queen Elizabeth
11. Showing the Queen both al a young age, and then as she will be recalled towards the end of
her reign, the latter was installed in Andover in September. The second piece will be installed in
the grounds of Romsey Abbey in 2026. Footage will be edited to Create a record of the project
and lo give insight to the artist's work.
era U Close
The Charity's work in support of arts organisalions in receipt of Arts Council Funding extended in
collaboration with Opera Up Close which is now located in Mayflower Studios within the Studio
144 Arts Complex. For its production of Vaughan Williams, operetta, Riders lo Ilie Sea, City
Eye's Head of Production, Aaron West led a City Eye team which included graduates from ils BFI
Film Academy Short Course in developing a short film visualisation for a new prologue to the
classic. Titled The Last Bil of the Moon the new piece, developed through community
engagement, presented a conteinporary narrative lo prelude the original operetta. Filming on the
Shoreline and in the heart of Hampshire's stunning film locations, utilising archive reels and new
dramalised sequences the film was prolecled as a backdrop to the performance which opened in
Soulhamplon and toured across the UK at the beginnlng of 2025.
so.. sta
e Door
Across 8 programme of regular events through the year, City Eye filmed performances by
aspiring artists and developing talent. The project, delivered by independent venue The Stage
Door in collaboration with local charities and organisations, showcases the talent of local artists.
The filmed sequences provided footage used lo promote the events and the artists, work and to
provide portfolio evidence for artists as they develop their careers. Footage was also used lo
inform the successful Arts Council funding application which followed, enabling the project to
develop in collaboration with Propel Artists and Mayflower Studios for delivery in 2025.

CITY EYE LIMITED
REPORT OF THE DIRECTORS
CONTINUED
ACHIEVEMENTS AND PERFORMANCE- Continued
Southam
ton Forward - Home Thealre
Celebrating the legacy of Southampton's City of Culture Bid, the eily's Cultural Development
Agency, Southampton Forward worked with Solent University and Oliv￿er Award-winning director
Kerry Kyriacos Michael MBE, to create Home Theatre Soulhampton. The project brought
together over 100 participants and 33 creative professionals-including directors, theatre makers,
stage manager5, and filmmakers. With footage gathered by students of Solenl University's Film
Production courses, City Eye created individual films of the projects 11 intimate performances,
hosted in homes acros5 the city and inspired by the unique personal stories of their hosts. Each
film is a record of the unique collaboration between the community hosts and artists working with
them. For the project's celebration and showcase event al MAST Mayflower Studios in January
2025 City Eye created The Making of Home Theatre documentary with the film screened to an
audience of host families, theatre practitioners, and their friends and family.
Solenl Growlh Partners - Screen Skills Bootcam
Under the government's Skills Bootcamp training scheme Solenl Growth Partners invited
appli¢alions to deliver a screen skills focused development opportunity. Research conducted in
the region identified that the Solent area experienced a deficit of people with appropriate
production management skills and Solent University developed a SLiccessful proposal lo deliver a
Skills Boolcamp focused lo address this. In the event the University was unable lo progress to
delivery and with limited time available to adapt, recruit and deliver the programine, City Eye was
able to slep in and in February began a course in Production Management for 9 students. The
number was less than the target of 20 due lo the short lead-in time, bul as a pilot project provided
opportunity to trial the approach and in collaboration wlth industry Specialists and colleagues at
Solent Unlversity a successful programme was delivered with the majority of learners achievlng
all learning mileslones within the prescribed period. Graduates of the course have seen their
careers lake off in broadcast and feature film production, with their own businesses and for City
Eye, its own Head of Production who joined the course for CPD, has developed process and
activity for the organ isation.
BFI Film Academ
Following Ils successful delivery in 23124, City Eye was again awarded fLtnding 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 filirmakers and
production crew, supporting participants to develop new skills and gain commercial and cultural
knowledge lo help build a career in the screen industries. Twenty young people were recruited
from across the south-central region to attend al City Eye.
The City Eye core team supported by a range of industry specialists provided tuition and support
through a programme of workshops, masterclasses, and screenings. Students were guided to
develop their own film from initial Concept through to posl-prodLiclion and screening and were
supported in study towards the NCFE Preparing lo Work in the Film Industry qualificalion, The
film students produced, Midnight, is the darkly-comic tale of three colleagues trapped at work
after the Y2K bug brings an apocalyptic end to their New Years Eve office party in 1999. Students
worked with professional actors and mentors to realise their vision. The film premiered at

CITY EYE LIMITED
REPORT OF THE DIRECTORS
CONTINUED
ACHIEVEMENTS AND PERFORMANCE - Continued
Harbour Lights Picture House in Soutliamplon, attended by cast and crew, students. their families
and friends and provided the opportunity for the students to participate in a Q&A and to be
presented with certificates for course completion and the NCF E q ualification along with Midiiighl
film posters.
On completion of the course, students h8ve been able lo engage with wider BFI Film Academy
alumni opportunities including further courses and training, screenings and events. City Eye has
provided further training and work experience opportunities to a number of students, including as
crew on a number of City Eye projects including documentary, fiction production and providing
training support for younger fledgling creatives, The organisalion contin ues lo work with and
support these emergent filmmakers as they develop their Careers
alvert and Mo
leverde Pictures - A Ni
ht Like
his
City Eye's support for team meirber Liam Calvert's debut feature, A Night Like This, continued
during posl-produclion into its festival run commencing with ils selection for BFI Flare al which il
premiered in March 2025, Team meinbers and BFI Academy students who had gained work
experience on the production were proud lo attend. Dlslribulion is now in place with Verve
Pictures and cinema release is anticipated later in 2025,
Cil E Film Network
The monthly meet-up for Filmmakers, those aspiring lo be or people working in related industries,
continued enablin9 City Eye lo utilise ils accommodation and fac￿litIeS lo support informal
coiiversalions and networking, panel discussions, themed presentations and film screenings,
Meetings are attended by an average of 30 people each month, some relurnii)g regularly through
the year and others fitting allendance around project demands. Feedback is positive with
Network members showing appreciation for the breadth of speakers and the information and
expertise shared with them and the opportunities for peer SUPPOrt and the forging of new
parliierships in filminaking.
South8m
lon Film Week
The seventeenth annual Southamplon Film Vveek, held between 811Tr and 17th November, again
saw City Eye leading the celebration of filmmaking and film culture. Across 10 days SFVV24
delivered events, ranging from feature and short film screenlngs, Q&As. workshops, discussion,
premiers, live music, archive and heritage, artist film, competition and of course the annual Film
Quiz.
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, returning lo perform a live score to a double
bill of Buster Keaton with Sherlock Jr, and The Navigator. Al the 02 Guildhall we welcomed
Donald Mackenzie lo perform his score for Keaton's The General, bringing Southampton's iconic
Compton Pipe Organ to life for the occasion. The General was screened with support from BFI
as part of its Art in Action season.

CITY EYE LIMITED
REPORT OF THE DIRECTORS
CONTINUED
ACHIEVEMENTS AND PERFORMANCE - Continued
The wider programme brought collaborations with Southampton's Universities, heritage
venues and with Ilie local film society as well as I nloFilm the national youth film festival, the latter
enabling local schools and home educators to bring children of all ages lo enjoy the cinema
experience.
Eager always to present work which encourages and enables audiences lo engage with issues
and subject maller relevant in our society, SFW was able to work with Dr Donna Peberdy lo
enable a presentation of her research, Screening Sexual Violence.. Feinale Filmmakers
Challenging Gender-Based Violence, with a programme of short fllms and discussion panel with
the filmmakers,
Alongside popu13r classics, SFW at its heart 5UPPOrts Independent film and filmmakers, emergent
lalenl and new voices, a core mission is lo create sliowcase opportunities for filmmakers and
viewing opportunities for audiences enabling discovery of work they might not otherwise have
enjoyed. SFW24 hosted two presentations of Short Story Cinema, our programme providing
platform for short-film makers lo present and discuss their work,
The feature programme in 2024 fLtrther provided opportunity lo link with Mayflower Studios for a
special event cinema screening for its 501h anniversary of Monty Python and the Holy Grail.
Screened with full audience participation as Monty Python and the Foley Gi'ail, audience
members were invited to dress up and were guided to join in by providing foley soui)d effects
throughout. The project, delivered by Compass Presents, was screened as a preview for the lour
scheduled lo extend across the UK in 2025.
The festival coinclded with City Eye's regular monthly Film Network and provided an opportunity
lo engage the local film community in discussion around the reg ion's developing film industry
including fortlicoming plans lo inltiale a Solenl and Hampshire Film Office. Lively conversation
was led by a panel including City Eye's Executive Director. local filmmakers, academics and
Soulhamplon City Councils Film Off icer,
SFW.. Shorts, the festival's own short film competition ran for the 13th year and invited filmmakers
to submit fllms up lo 15 minutes in length for judging. Short films were submitted from across the
globe. The creation of showcase opportunities for emergent filmmaking lalenl remains a key
driver for the festiv81 and alongside the workshop, nelworking and maslerc1ass 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
al MAST Mayflower Studios.
City Eye was successful in ils application to the BFI'S Film Exhibition Fund administered through
Watershed as Film Hub South-west and was awarded £1,500 to support programme and
marketing aclivily. Further funds were derived from SLibmissions lo SFW.. Shorts, box office
revenue and by utilising funds provided to City Eye through its annual grant from Southampton
City Council.
10

CITY EYE LIMITED
REPORT OF THE DIRECTORS
CONTINUED
FINANCIAL REVIEW
Results
2024125
2023124
The overall surplus for the year has arisen as follows,,
Deficit on general fun
Surplus on restricted capital funds
-4,038
4,804
-30,268
3,780
Overall surplusl{deficit)
£766
-£26,488
The charity achieved a small surplus of £766 overall which is a significant improvement on the
previous year, in which the charity incurred an overall deficit of £26,488 Thei'e is still a deficit on
the general fund of £4,038 for the year, compared lo a deficit of £30,268 previously. Total income
was £122,934 for the year compared to £100,113 for 2023124.
Project income increased from £32,490 to £40,298. The charity again undertook the provision of
the BFI Academy film training and il expanded ils training remit by also taking part in the Screen
Industries Skills Boolcamp, which was operated by Solenl Growth Partners. The ability lo be
able to offer these training courses has been a key factor in helping the charity lo generate further
funds lo help cover its staffing and other overheads this year.
The annual revenue grant from Southampton City Councll reduced lo £20,000 this year, from
£26,527. This is part of a phased reduction which will see the withdrawal of all revenue grant
funding by April 2026.
The Southampton Film Week ran again this year and it received grant fundlng of £2,625 from
W8tershed Arts Centre 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, owing
to the revenue deficil, one part-lime member of staff who left early in the year was not replaced,
so the charity had lo manage wilh ils two full-time members of staff for the whole of the year. No
increases in pay rates were possible due lo the pressure on finances.
Regarding otl)er costs, rates for Studio 144 Saw a significant rise from £1,708 10 £5,968 as the
level of government support is reduced for non-domeslic rates.
The charity continued lo add further lo its film-making and editing equipment in the year - total
equipment additions were £17,071 all of which were funded from the University of Southampton
trust fund.
The reslricted capital fund shows a surplus for the year of £4,804 mainly due to the cost of the
new equipment which exceeded the depreciation charge for the year. These two sums make a
net credit or increase in the restricted capital funds of £4,804.
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 £166 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
As a result of the deficit for the year the accumulated deficit on its general reserve has increased
10 £17,084 as of 31 March 2025.
Resetves
olic
slalement
The Charity does not hold reserves in order to fund future operations, since a significant part of its
fundinq is in the form of an annual grant from Ihe city council, and the Gharily aims lo break even
on an annual basis. Where a surplus does arise, this is retained lo fund either future capilal
expenditure or additional development costs. The ainount of such reserves used by the company
lo 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 lo the revenue
deficit incurred in previous years. the company has no general or unreslricled reserves left at 31
March 2025. The directors appreciate tliat this is an unsatisfactory situation and is not sustainable
for the charity in the medium to long term.
Risk assessment slalement
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 al Studio 144 are minimised
since Ihe actual building is looked after by Soulhamplon University The charity ensures that
adequate insurance is malntalned lo cover not only general contents but also public and
employers liability,
The main financial risk Is the reliance on revenue grants from its main fL+nder, Southampton City
Council, which is fixed for Ilie year, yel the operating income, especially project work is uncertain
The directors keep the annual budget regularly under review al their meetings and budgets and
reports are prodL+ced durlng the year.
This risk has become the key risk facing the charity now as the city council withdraws ils grant
fully from April 2026. This loss of annual incoire will have to be replaced by either a reduction in
costs lof which the largest is salaries) or Increases in project income, Any reduction in staff ing
however is inconsislenl with the requirement lo increase project income
The directors and staff work lo maintain good relations with the City Council and ils major
customers and additional funding from other sources is obtained wherever p055ible lo
5upplemenl the main grant.
A further risk facing the charity lo its medium-term financial stability is in relation to the costs
associated with ils occupation of accommodation in Studio 144, since the charity has al present
no formal lease and there is no quantificalion of the likely service costs which may be levied by
the university in the future.

CITY EYE LIMITED
REPORT OF THE DIRECTORS
CONTINUED
FUTURE DEVELOPMENTS
The charity will continue to develop ils programme of education and training, aiming lo involve
greater numbers of people from all sections of the community, Funding will be identified and
sought lo improve the facilities available to support the growth of the education programme. Work
lo support the development of new film, emergent and established filmmakers along with activity
to embed Ihe medium in the community through engagement on filmmaking projects 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 wllh Ilie expectation Ihal in the 2026127 year
no grant would be made. This cul responds to the challenging financial sltualion which the cou ncil
is experiencing and will affect all grant funded arts and cultural organisalions in the city. The
impact of this cut for City Eye is Significant.
Work continues with John Hansard Gallery, Mayflower Theatre, University of Soulhamplon and
Soulhamplon City Council, the or9anisalional partners in Studio 144, Soulhainplon's city cei)tre
arts complex. City Eye will continue lo engage with initiallves focLised on the development of
audlence for and animation of Soulhamplon's Cultural Quarter.
The charity anlicipales being able lo expand ils technical abilities with the new equipment
acquired over the last three years via the University of Soulhamplon's capital trust fund. The
extent of future development is however dependent on securing the necessary project funding,
and on securing increased access to the premises.
The key issue facing the charlty is to secure increases in revenue and reducing costs SO 8S to
return to a positive balance on ils general reserve. The board of directors and the staff will work
together through the next two years to address these key challenges and will Identify and secure
allernalive funding to replace the city council annual grant.
The Trustees have given full consideration lo the challenges presented by the current financial
position of the charlly and the difficult funding climate and are alert to the vulnerability thls creates
for City Eye, Having appraised its pipeline of forthcoming work and sustained clienl-base, the
positive support offered by ils partner organisations, and the opportLinities which have yel lo be
realised at the Studio 144 facilities, trustees remain committed to securing a more positive
outlook for the charity across the coming period. Developments for the wider filin industry and
the regional econom ic benefits predicted with Ihe eslablishmenl of the new Hampshire and Solent
Film Office, together with the role which City Eye will play in delivefing a stronger film industry in
the region, also give cause for optimism.
PUBLIC BENEFIT STATEMENT
In accordance with the requirements of the Charities Acl 2011 and the associated Charities
{Accounls and Reports} Regulations 2008, the directors confirm that they have complied with
their duties to have due regard to the guidance on public benefit as published by the Charity
Commission, In exercislng their powers and duties in the year under review.
13

CITY EYE LIMITED
REPORT OF THE DIRECTORS
CONTINUED
STATEMENT OF DIRECTORS, RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and accounts in
accordance with applicable law and regulallons.
Company law requires the directors to prepare finaiicial slalemenls for each financial year U nder
that law the directors have elected lo prepare the financial statements in accordance with Un ited
Kingdom Generally Accepted Accounting Practice Iunited Kingdom Accounting Standards and
applicable law). including the Charity SORP. Under company law the directors must not approve
the financial slalemenls unless they are satisfied that they give a true and fair view of the stale of
affairs of the company and of the profil or loss of the company for that period. I n prepariiig those
financial statements, the d irectors are required to..
select suitable accounting policies and then apply them consislenlly
make judgments and estimates that are reasonable and prudent
prepare accounts on a going concern basi5 unless il is inappropriate to presume Ih8t the
company will conlinue in business,
The directors are responsible for keeping proper accounting records whlch disclose wllh
reasonable accuracy at any lime 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
safegLiarding the assets of the coinpany and hence for taking reasonable steps for the prevention
and detection of fraud and other irregularities.
This report has been prepared in accordance with Ihe provisions of Part 15 01 the Companies Act
2006 relallng lo small companies.
BYO
R OF THE BOARD
Susan Beckett
Secretary,
Southampton
Dale.. 11 December 2025
14

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 comp8ny charity for the
year ended 31 March 2025, which are sel out on pages 1610 26.
Res
orisibililies and basis of re
ort
As the charity's Iruslees of the company land also ils directors for the purposes of company lawl
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 lo be audited under
Part 16 of the 2006 Act and are eligible for independent examlnatlon, 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 145151 Ibl of the 2011 Act.
Inde
endenl examiner's statement
I have completed my examination. I confirm that no mallers have come to my attenllon in
connection with the examinatlon 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 wllh 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
Inatler 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 lo charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021.
I have iio concerns and have come across no other matters in connection with the examination to
which allenlion should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
Robert Anthony
36 Merdon Avenue
Chandlers Ford
Easlleigh
Hampshire
S053 1 EP
11 December 2025

CITY EYE LIMITED
INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 202
Noles
2024125
2023124
INCOME
Income from charitable activities
122,934
100,113
EXPENDITURE
Charitable activities
122,168
126,601
SURPLUSIIDEFICITI ON
OPERATING ACTIVITIES
766
-26,488
Bank interest recelved
SURPLUSI{DEFICITI ON ORDINARY ACTIVITIES
BEFORE TAXATION
766
-26,488
Corporation Tax
SURPLUSIIDEFICITI FOR THE YEAR
AFTER TAXATION
12
£766
-£26.488
16

CITY EYE LIMITED
COMPANY NUMBER 02786596
BALANCE SHEET
AT 31 MARCH 2025
Notes
2025
2024
TANGIBLE FIXED ASSETS
37,295
32,657
CURRENT ASSETS
Debtors
Cash al bank and in hand
15,836
20,220
16,588
13,396
36,056
29,984
CREDITORS.. Amounts falling due within
one year
53,637
43,693
NET CURRENT ILIABILITIES)IASSETS
-17,581
-13,709
NET ASSETS
£19,714
£18,948
FUNDS OF THE CHARITY
Unrestricted f unds.,
Income and expenditure account
Designated revenue reserve
Designated capital reserve
-17,581
-13,709
10
497
663
-17,084
-13,046
Restricted fLinds',
Revenue funds (page 181
Capital funds
36,798
31,994
TOTAL FUNDS
12
£19,714
£18,948
For the financial year ended 31 March 2025 the company w8s entitled 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 keep5
accounting records which comply with section 386 and for preparing accounts which give a true
and fair view of the stale of affairs of the company as at 31 March 2025 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 16 to 26 were approved by the Board of Directors and aulhorised for
issue on 11 December 2025 and are signed by:
Director
Peter Thompson
Director
Glen Jevon
17

CITY EYE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
Reslricled Restricted
revenue
ca
funds
funds
Unrestri¢led
funds
Total
2025
Total
2024
Income from:
Charitable activities
100,104
2,625
20,205
122,934
100,113
Expendlture on:
Charitable actlvilies
103,817
2,950
15,401
122,168
126,601
Nel movement of funds
-3,713
-325
4,804
766
-26,488
Reconciliation of funds..
Funds brought forward
-13,046
31,994
18,948
4S,436
Transfers between funds
-325
325
Funds carried forward
-£17,084
£36,798
£19,714
£18,948
Analysis of net assets
between funds
Tangible fixed asset5
Debtors
Cash at bank
Les5.' Creditors
497
14,480
21,576
-53,637
36,798
1,356
-1,358
37,295
15,836
20,220
-53,637
32,657
16,588
13,396
- 43,693
Total net assets
-£17.084
£36,798
£19,714
£18,948
The net movement of funds figure of £766 is equivalent to the surplus of income over expenditure
for the year as shown in the income and expenditure account on page 18. The balance on the
income and expenditure account of £19,714 equals the lolal nel as5els at 31 March 2025 shown
above. The unrestricted revenue funds are analy5ed in note 10.

CITY EYE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025- COMPARATIVE
Restricted Restricted
revenue
ca
funds
funds
Unrestricted
funds
Total
2024
Tola
2023
Incom8 from..
Charitable activiti88
80,669
5.000
14,444
100,113
99,507
Expendlture on:
Charitable aclivitl8S
110,937
5,000
10,664
126,601
103,940
Nel movement of funds
-30,268
3,780
-26,488
4,433
Reconciliation of funds,,
Funds brought fomard
17,222
28,214
45,436
49,869
Funds carried forward
-£13,046
£31,994
£18,948
£45,436
Analysls of net assets
between fund8
Tangible fixed assets
Debtors
Cash al bank
Less., Creditors
683
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 nel assets
-£13.046
£31,994
£18,948
£45,436
The net movement of funds figure of £26,488 is equivalent to the deficit of income over
expenditure for the year as shown in the income and expenditure account on page 16. The
balance on the income and expenditure account of £18,948 equals the lolal nel assets at 31
March 2024 shown above. The unrestricled revenue funds are analysed in note 10

CITY EYE LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2026
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 AcGounling by
Charitie5 - SORP IFRS 102) second edition, as issued by the Charity Commission effectlve from
October 2019.
Goin
concern
The accounts have been prepared on the basis that il is a going concern at 31 March 2025 and
will have adequate resources for it lo continue for at least a further 12 months from the dale of
signing these accounts. The charity made a small surplus for the year bul still has a deficit on its
general reserve al 31 March 2025. The charity has been able lo continue to operate by careful
cash-flow management, r8duced staffing and by laking extended credit in certain situations.
The directors have therefore adopted the going-concern assumption as the basis for preparing
these accounls,
No provision has therefore been made In these accounts for any adjustments Ihal may be
necessary if this basis were not adopted
Income
Income represen15 revenue and capital grants receivable and project fees for work done and
eqLJipment hire. Giants and amounts invoiced in advance of the project work being completed are
included in Creditors a5 deferred income. Grants received for general revenue purposes are
Irealed as unreslricled funds,. grants received that are specified by the donor for a specific
purpose are treated as restricted funds. Grants are included as receivable when the company has
an unconditional entitlement to the fund5 at the year-end.
Tan
ible fixed assets
Tangible fixed assets 8re slated in the balance sheet at cost less capllal grants received less
accumulaled depreciation. Depreciation is provided to write off the cost of these assets over their
estimated useful life on the reducing balance basis at the rale of 250/0 per annum.
Where tangible lixed assets are donated to the charity and are m81erial and Ihelr value can be
assessed with reasonable aocuracy, they are included in the 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
at the year-end is equSvalent lo 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 al their cost less accumulated depreciation, since
the charity has beneficial use of these assets, Their value is represented by a restricted income
fund, against which depreciation charged on these assets is allocated.
20

CITY EYE LIMITED
NOTES TO THE ACCOUNTS
Continued
I. ACCOUNTING POLICIES - conliniied
Allocation of SU
ort costs
In view of the small size of the charity, il is not practical to attempt lo allocate staff time and other
office related overheads between charitable activities and governance, and so all such costs have
been allocated lo the c05t of charitable activities, these being by far Ilie most predominant
activity.
Restricted and unreslricted funds
The company has a policy of distinguishing its reserves lor funds) belween unrestricted or
general reserves, and reslrlcted reserves. The latter arise from income that is unspent by the
year-end, bul where the donor has specified th8 use lo which the money is lo be put. The
unreslricled reserves are designated by the directors where necessary, lo fund future events,
aGlivilie5 or capllal expend ilure for which the funds were received.
Unreslricled fLinds can be designated by the charity for a specific purpose. The charity had one
such designated I'evenue 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 premise5 of Studio 144,
This fund was fully ulilised in 2023124 and there has been no available funds lo enable the
reserve lo be re-instated.
Capital funds provided by the University of Soulhamplon in order to equip Studio 144 which are
unspent al the year-end are held in trust and as such are not inclLided in the balance sheet as
cash al 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 expendlture account. This is a designated
rather than reslricled fund, in that p8rt of the unreslricled or general reserves have been applied
for a purpose specified by the trustees of the charity.
As the tangible flxed assets are depreciated, an 8mount equal lo this depreciation is then
released to the income and expenditure account. The balance on the capital reserve is therefore
equal lo the nel book value of the tangible fixed asset5 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 lo g￿ve a true and fair view of the company's affairs.
21

CITY EYE LIMITED
NOTES TO THE ACCOUNTS
Continued
2. INCOME FROM CHARITABLE ACTIVITIES
2024125
2023124
Unrestricted funds..
General revenue grants,.
Southampton City Council
20,000
26,527
Income from activitie5-.
Project fees and event income
BFI Academy
Screen I nduslries skills boolcamp
BFI Academy sponsorship
Workshop fees
40,298
16,342
22,920
32,490
20,272
650
730
544
80,104
54,142
Total unreslricled funds
100,104
80,669
Reslricled fLinds'.
Revenue funds,, Southampton Film Week
Watershed Arts Centre
Go. Southampton
University of Southamplon
2,625
3,000
1,000
1,000
2,625
5,000
Capital funds..
University of Southampton
Soulhamplon City Counci
20,205
9,981
4,463
20,205
14,444
Total restricted funds
22,830
19,444
Total income
£122,934 £100,113
3. COST OF CHARITABLE ACTIVITIES
Staff costs (note 41
Direcl project costs including BFI Academy
and Film Skills boolcamp
Freelance filming fees
Soulhamplon Film Week
Computer maintenance
Websites and social media
Online services
Rates for Studio 144
Insurance
Support costs (note 5>
Depreciation
72,668
85,118
12,192
4,310
2.950
1,200
835
1,283
5,968
2,929
5,400
12,433
7,438
7,436
4,982
1.200
555
1,177
1,708
2,438
3,664
10,885
£122,168 £126,601
22

CITY EYE LIMITED
NOTES TO THE ACCOUNTS
Continued
2024125
2023124
4. STAFF COSTS
Salaries
Employers National Insurance
Pension contributions
Training and DBS checks
68,624
1,960
1,684
400
80,511
2,590
1,8S4
163
£72,668
£85,118
The company had on average two full-time employees (2024.. two full-tiine 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 {2024.' nil).
Under11)e terms of the charity's constitution, the directors are able to charge for their professional
services rendered. The director Glen Jevon charged fees for h is professional filming services
and for the year ended 31 March 2025 these amounted to £4,41012023124.' £7,753)
Remuneration paid to the key Inanagemenl personnel, not being a Iruslee, was £38,624
{2023124. £38,624)
2024125
2023124
5. SUPPORT COSTS
Slalionery, postage and office
Telephone
Freelance adminislralioii fees
Travel and subsist8nce
Bookkeeping
Accountancy and Independent Examination
Subscriptions
Research
Sundries
Exchange loss
Paypal commission
Evenlbrile commission
Late payment interest
118
128
959
581
462
1,620
331
89
143
477
534
1,530
124
189
209
31
25
110
203
296
48
14
68
775
£5,400
£3,664
6. CORPORATION TAX
No charge to Corporation tax arises since the company is a registered charily.
23

CITY EYE LIMITED
NOTES TO THE ACCOUNTS
Continued
7. TANGIBLE FIXED ASSETS
Film, video and computer equipment
COST
Al 1 April 2024
Additions
95,375
17,071
At 31 March 2025
112,446
DEPRECIATION
Al 1 April 2024
Provided
62,718
12,433
Al 31 March 2025
75,151
NET BOOKVALUE
At 31 March 2025
£37,295
At 31 March 2024
£32,657
2025
2024
8. DEBTORS
Amounts falling due within one year,.
Project income debtors
Prepaymeiils and accrued income
Other debtors
5,750
8,730
1,356
14,633
150
1,805
£15,836
£16,588
There are no amounts falling due after more than one year.
9. CREDITORS
Amounts felling due within one year-,
Trade creditors
Taxation and social security payable
Accruals and other creditors
Deferred income
2,625
12.262
25,486
13,264
1.578
13,659
13,192
15,264
£53,637
£43,693
There are no amounts falling due after more than one year.
24

CITY EYE LIMITED
NOTES TO THE ACCOUNTS
Continued
10. UNRESTRICTED FUNDS
General
fund
Capital Premis8S
fL*nd
fund
Total
Balance brought forward
Surplus for the year
Transfer lo general fund re tangible
fixed assets (see below}
Transfer lo restrlcted revenue fund
-13,709
-3,713
663
-13,046
.3,713
168
-325
-166
-325
Balance carried forward
-£17,581
£497
-£17,084
The transfer lo the capital fund from the income
and expenditure account is in respecl of..
Depreciation charged for the year
Depreciation allocated to reslricled capital funds
12,433
12,267
Nel transfer from the capital fund
£166
The balance on the capital fund of £497 represents the company's investment in ils tangible fixed
assets. With the amount of the restricted capital funds of £36,798. this equals the total net book
value of the tangible fixed assets shown in note 7 of £37,295.
11. RESTRICTED CAPITAL FUNDS
BroLig hl
Funds
fO￿ard receivable
Funds
allocated
Total
University of Solilhairplon
Southampton City Council
Pheonix Film Society
Soulhamplon Solent University
Screen South
26,534
3,348
214
1,856
42
20,205
14,035
837
54
464
32,704
2,511
160
1,392
31
Balance carried forward
£31.994
£20,205
£15,401
£36,798
25

CITY EYE LIMITED
NOTES TO THE ACCOUNTS
Continued
2025
2024
12 STATEMENT OF MOVEMENT IN FUNDS
Opening funds
Surpluslldeficit} for the year Ipage 16}
18,948
766
45,436
-26,488
Closing funds
£19,714
£18,948
13. RELATED PARTIES
There are no disclosures required In respect of transactions with related parties, other than the
transactions relaliiig lo the director for professional servlces provided as described in note 4.
14, CONTINGENT LIA81LITY
The company has entered into a Tenancy Al Will in relation lo ils occupation of rooms wlthln the
8rls complex known as Studio 144 Ils immediate landlord is the John Hansard Gallery whicli is
department of11)e University of Soulhamplon. To dale 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 preirises. As these charges are not
quantified al the present time, no provision has been made in these financial statements for the
possible c05t.
28