REGISTERED COMPANY NUMBER: 03443981 (Eng]And and Wales)
REGISTERED CHARITY NUMBER: 1095587
Re ort of the TTUStees and
Unaudited Financial Statem
l March 2024
Somerset Film And Video Ltd
Maxwells
Chartered A¢¢i)witants
4 King Square
Bridgwater
Somerset
TA6 3YF

Somerset Film And Video Ltd
Contents of the FiDanrial St%tcm¢nts
for th¢ Year End¢d 31 March 2024
Page
Reference and Administrative Details
Report of the Trnstees
2 to 7
Independent Examiner'5 Report
Statement of Financial Activities
Balance Sheet
10 to 11
Notes to the Financial Statements
12 to 25
Detailed Statement of Financial Adivities
26 to 27

sOn￿Set Fi]m And Video Ltd
Reference and Administrative De￿118
for the Year Ended 31 March 2024
TRUSTEES
A Buchanan TV Producw (r¢S1￿¢d 10.10.23)
S Isherwood Arts Consultant
J Mellor Consultant
J Waters Freelance Cameraman
N Williams Media tec1￿1clan
P Bwr Retired
Miss H L Earl Artist
Mrs A J Maclay Marketing Consultant
Mrs J L Latta Tv Producer l Director (resigned 10.10.23)
Mrs K Pearce PhOto￿apher (appointed 18.4.23)
D P Martlew Tll￿tee (appointed 1.12.23)
R C Franklin Tr￿Stee (appointed 1.2.24)
R J Crowe Trustee (appoint￿ 1.2.24)
J Godman Ttwtee {appointed 1.3.24)
C A Luck Truste¢ (appointed 1.3.24)
COMPAIYY SECRETARY
P A R Shepherd
REGISTERED OFFICE
The Engine Room
50-52 High Strect
Bridgwater
Somerset
TA6 3BL
REGISTERED COMPANY
IYUMBER
03443981 (England and Wales)
REGISTERED CHARITY
NUMBER
1095587
INDEPENDENT EXAMINER
Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF
BANKERS
Natwest Bank plc
tKiccster Rcsc
Bede House
I I Western Boulevard
Leicester
LE2 7EJ
Page I

Somerset Film And Video Ltd
of ihe Truste¢s
for the Year Ended 31 March 2024
The trust¢es who are also directors of the cllarity for the pwposes of the Companies Act 2006, present their report with the
financial statements of the charity for the year ended 31 March 2024. The trustces have adopted the provisions of
A¢¢ounting and Reporting by Clwities: Statement of Recommended Practice applicable to charities preparing their
accounts in accoTdance with the Financial Rq)orting Standard applicable in the UK and Republic of Ireland (FRS 102)
(effe¢tive l January 2019).
ORTECTIVES MTI ACTIVITIES
Objectives and •imy
Paragraph 3 of the Memorandum slates that'Th¢ Company's objects ar¢ the advan¢em¢nt of publi¢ edu¢ation generally and,
in particular, in moving image production and diStrib￿lOn,. To achieve this objective Somerset Film and Video Ltd
promotes the moving image and digital m¢dia in Somers¢L en¢ouraging communication, Collaboration and the slwlng of
skills to produce ijmovative work and to foster crealive community engagement across thc county.
Our vision is to give everyone in and around Somerset th¢ opwrtunity to be creative with moiqng image and digital media,
and through our collaborative approach, to act as a catalyst for a more just and equal society.
We operate county wide with a sma]I professional core lew governed by a multi-skilled board of trustecs. W¢ are assisted
by regular volunteers, and draw on a widc pool of professional collaborntors to deliver our offer. We offer work experience
and bursary opportunities.
Our work covers three key areas..
o Conm]w]ity Engagement
o Talent Development
o Content Creation
I￿r current priority bencficiaries aTe.'
o Children and Young People
o People from Diverse BaCk￿OUnds, in particulaT those:
- From lower s(KiOw¢¢onomi¢ baCk￿OundS
- With disability or long-tern] health conditions in¢luding mental health
- From.ethnically diverse baCk￿OundS
These are reviewed on an annual basis.
While access to a camera on our ph¢)nes turns many of us into media makers. th¢ ¢raft skills remain important, and
opportunities to work with other makers are often elusive. Somerset Film provides access to skills and
collaborative opportunities, connecting individuals and organisations that might otherwise not have a c]wice to work
logether. By exploring creativity with others in an infonnal s¢tting our participants and PToduceTS have a ¢han¢e to learn
more about their own potential, and to identify the contribution they can make in tbe wider world. We are privileged lo see
on & daily basis how this process builds confiden¢¢ and unlo¢ks potential for personal groiwth and fulfilment in many fielts.
We are equally privileged to recognise the learning we gain on a daily basis frorn the mutually beneficial creative
relationships we build with our users,
We are comnlltted to addressing the growing demand for our services from the isolated and marginalised sections of
soGi¢ty. We are doing what we can to Mini￿Se our impact on our changing climate, and to build Tesilience in th¢ face of it.
We are looking too at more sp¢cifiGally lo¢al challenges like the need to retain the young talent in the county, and the
imperative to build wider 8UPPOrt for the role of Somers¢t's ¢ultural and cr¢alive industries for the future.
Th¢ charity website www.somersetfllm.com is regularly updated with pasl work including the m05t recent projects.
Page 2

Somerset Film And Video Ltd
rt of th¢ Trust¢es
for th¢ Year Ended 31 March 2024
OBJECTIVES AND ACTIVITIES
Pybli¢ benefit
The In￿1¢¢$ ¢onfim that they have complied with the requirements of Section 4 of the Chariti¢s Act 2011 to have due
regard to the public benefit guidance published by the Charity Commission for England and Wales.
Page 3

Somerset Film And Video Ltd
rt of the TnJste¢s
for th¢ Y Ended 31 March 2024
ACHIEVEMENT AND PERFORMANCE
Cbaritsble activities
The year has been busy, filled witb new aclivities and exciting new resources.
The transfornmtion of the Engine Rooni our wmmunity media centre and base for our activities, progressed. We
ompl¢ted the first phase of building work, made possible by Tosvn Deal fimds. We also se¢ur¢d additional funds from
Garfield Weston Foundatiory Valen¢ia Communities Fund and the Clothworkers Foundation as well as a local charity,
which wishes to ren￿ill anonymous. An additional floor of space in the part of the Engine Room known as Number 50 High
Street, op¢n¢d in De¢ember 2023 and we purchased new equipment such as laser projectors, Mac Studios, VR headsets and
other digital media equipment. This new space meant we Could ¢ontinu¢ delivering activity whilst work began on the
ound floor space in number 52 High Street. Notably we also bought the building fron] our landlords Sedg¢moor Distri¢t
Council.
We began a further three year Prograll￿¢ of a¢tivity as part of the National Portfolio of organisations receiving funding
from Arts Councll England. Originally a three year contrath, this has now been extended to four years. We received
fmancial support frorn Somerset Council, despite tbe fjnancial difficulties they are facing, tbJough th¢ Octagon outr¢a¢h
pro￿arnMe in South Somerset and for Wellington Film Festival.
regular programme of activity included ndworking & s¢reening eventy teclmical wpport sessions tI￿ough ow crealive
hub, wurs¢s. work experience weeL advice and guidance plus:
o The Ignite prO￿amme delivered a range of aclivilies design￿ to pass on digitsl skills to audiences and artists alike.
Notable highlights include: . supporting artist Luminara Florsecu to create a new work, which was projected in Casile Cary
and South Cadbury; Creative Network events profileAI artists working in social prescribing, environmental art and
augmented rrality,. Supporting young people in Crewkerne lo creat¢ digital work in response to the Bin¢ombe Nature
reserve for a digital gallery and older people in Highbridge to share their thoughts about where they live for a song using
Al.. engaging young members of the LGB TQJA+ community through activities with support organisation 2BU.
o Our expanded street cinema project led by filmmaker Dr John Sealey ¢ulminat¢d in Wells. Two public screenings in
outdoor spaces were held of the short films Commissioned from people who live or work in the smallest city in England,
thanks to support from Mendip Communities Fund.
o Infomied by our Disability Advisory Panel and based on the outreach undertaken previously we success￿11Y secured
funds from DI￿0Very to research and pilot creativity aclivity for n¢urodiv¢Tgent adults. Inspired by Game Changers, a
S￿la1 ￿0Up that regularly hire the facilities al the Engine ROO￿ we W0￿ed with four artists to develop drop in activilies
for a six week programme called'morning Juice,.
o Our BFI Film Academy pro￿arnMe once again Impart￿ key skills to the next generation of local film making talent.
Eighteen young people achieved Bronze Arts Award throu￿ a seven day prograrnme of masterclasses and prathical
filmmaking. We were pleased to welcome back BFI alumna Lily Limmer, who now works as a sustainability consultant for
companies suth as Sky and Apple TV, to give guidance to the academy on sustainabl¢ filmmaking.
o We ¢elebraled diversity and engaged with a wide variety of groups through Community events including cultural diversity
at Bridgwater Together, Chard Togvther and Yeovil Together using VR and animation and Street CIAT Family Day for
hildren with disabilities, exploring sound and bubble art.
o As part of the consortium for Seed Sedgemoor, Creative P¢opl¢ and Places Project, we ￿pported their worK notably the
Hkdden Station AR insta]lation at Bridgwater Railway Station and the Empirical Pop-up Jazz Lounge. Som¢rs¢t Film also
has a management Tole within the project. We worked in parth¢rship with Mendip AONB to illuminate Cheddar Gorge with
the work of Gommissioned artist Elizabeth Woodger. Over 13(X> attend¢e$ also enjoyed new work by local phOto￿pher8.
o We continued to play OUT part in the Bridgwater Cultural Partnership. sharing best practice and deliveTing ¢reative a¢¢ivity
for events such as Quayside Festival and Th¢ World Turned Upside Down.
Pag¢ 4

Somerset Film And Video Ltd
rt of the Trustees
for the Year Endeil 31 March 2024
o Supported by BFI Film Academy South West we were delighted to once again enable an emerging fflmmak¢r to make an
original short fi]m, inspired by enviTonmental ihemes. Jasminc Otley produced '65p" combining live action and an]n￿tIOn to
explore the impa¢t of plastic bottles used for dTiDkng water.
o In January 2024 we began dclivcry of a community article film project, supported by the National Lottery heritage Fund.
This project will involve the digitisation of films from the C. S. John Sparkes collcction, 30(>k Super-8mm footage of
village lifc in and around the Golden Hills Villages. We will be sbaring the re-dIS￿VerCd films with the community.
o Behind the scenes we began co-ordinating a second edition of Wellington Film Festival, supported by Wellington Town
Council and raised ftmds for Mayhem. a new fi]m fcstival cclcbrating music in film to be delivered in May 2024 in
Pa￿ershIp with Bridgwater Arts Centre.
o We undertake commissions for a wide range of Clients, offering trdining and WOTk experiencc opportunities as well as
generating a SUTpIu5, which belps to fund the charitable delivery. Despite being unable to film for much of the year, we
adopted online recording platforms. Projects this year include films for Somersct Rivers Authority, Avalon Marshes, Wells
and Mcndip Museum and Somerset & Exmoor Coast Festival. A notable highlight was the animation crealcd for Spark
Somerset, to show how they support collaboration. strengthen the voice of the VCFSE and influence and advocate on its
b¢half.
We are extremely grateful to the volunteers who give ihcir timc and ￿pertiSe to our Repair Caf¢ initiative - repairing 95+
hous¢hold items for members of the public, that would othenvise end up in landfill.
FllYANCIAL REVIEW
FlnanclAI position
The charity has continued to secure fimding for specific projects and to develop an adequate level of free income reservcs.
Incoming resources were £349,238 of which £211 J64 related ￿ unrestricted funds and £349,238 to restricted funds.
Resources expended amounted to £274,026 of whi¢h £243,058 wa8 from unrestricted funds and £30,968 from restricted
funds.
The balance held on general unrestricted fimds at the end of the year was £523.866 and the balance held on designated
unrestricted funds was £325,056. The balance held on restricted funds at the end of the year was £87,604.
Policy on reserv
The trnstees have a reserves policy based on ihe running Costs of th¢ organisation. They havc set to incrcase the value of
that reserve ycaT on year until such time as it equates to three months nll]ning cosls plus Tedundan¢y costs. Additional
surplus will be eannarked to complete the capital develOpM￿t. We have continucd to prioritise building links with
businesses and to pursue contracts and support for the Capit￿ programme.
This year the trustees have created a £5k discretionary fund fiDm the reserves. which will be used to mect staffing LX)sts
when they are sick and cann(rt access statutory sick pay.
PLANS FOR FUTURE PERIODS
Aims and key objectives for future peri(Mls
The charity is committed to consolidating its delivery in key areas and to growing engagement and audi¢nr¢s across th¢
county.
We will continue the transfonnation of the Engine Room thank5 to £500k capitsl investment from the Towi Deals fvnd by
removit)g the wall between the cafe and studio one to creale a multi-purpose space. W¢ have secured funds for large ￿entS
taking place in the next fmancial year including the Heritage Lottery 'A Village Apart. Villages Together, project, Mayhem
Film festival, Wellington Film Festival and Earth in Focus, a series of filmmaking workshops for young p¢ople supported
by the Clare and Dcrek Stevens Tru￿.
We will continu¢ to build on the strength of our boord througb an ongoing process of trustee recruitment and training.
Page 5

Somerset Film And Video Ltd
rt of the Trustees
for the Year Ended 31 Marcb 2024
STRu￿uRE, GOVERNANCE AND MANAGEMENT
Iyature of governillg documeDt
Somers¢t Film and Video Ltd (operating as Somerset Film, th¢ Engine Room and as Jump Cuts) is a charitsble company
limited by guarant¢e of its rn¢mb¢rs. It was incorporated under the Companies Acts on 2 October 1997 and r¢gi$ter¢d as a
charity on 24 January 2003 and is governed by ils Memorandum and Articles of Association.
Retrnltment and appointment of new truste¢$
Vacancies on th¢ Board are fflled by new directors proposed by an existing dirkxlor and cle￿ed by the Board. Directors are
eligible for re-election on an annual basis. The election takes place at the AGM.
OrgaDisatiollal strncture
The direct(¥rs of the charity who forn] the Board of Directors ar¢ the ultimate governing body. The directors are the trustees
of the th￿lty. All dir¢ctor$ are Members of the charity and are due for re-election on an annual basis. Dire¢tors meet as
necessary but at least quarterly. Responsibility for th¢ day to day admintstration of the charity's activities is delegated to the
Creative Director, reporting directly to the Board of Directors on all activiti￿ and Teferring a]1 major de¢isions to the Board.
The Company Secretary also has a role as Ambassador for Community Engagement within the Organisation.
The directors endcavouT to nm the charity to the higbest standards set by relevant bodies. The charity operdles within the
regulatory framework set by the Charity Commission and also wmplies with Company Law and appropriate Health and
Safely regulations. In addition, the directors are aware of the charity's resp¢)nsibililies to the young and vulnerable people
involved in courses and projects.
The directors monitor the activities of the thaTity on an ongoing basis and confllm that they have complied with iheir duty
to have due regard to the guidance on public benefit published by the Charity Coimission in exercising their ￿werS and
duties.
Indu¢tioD and training of n¢w trustees
Directors are invited each year to attend a workshop al which the ba¢kgroulld, aims and objectives of the cFthTity are
discus%d. Directors have also been offered the opportunity of attending training Courses for charity trustees.
Major risks and management of those rlsks
It is confllmed that the major risks to which th¢ charity is exposed, as identifled by the directOTS, are reviewed at each board
rneeling and that systems have been established to mitigate those risks. The directors accept that the managen￿llt and
control of the dlarity Tests with the Board of Directors and, as SUCK directors, involvement in the k¢y aspe¢ts of the risk
rnanagement process is essential, particularly in setting th¢ parameters of the process and in the review and consideration of
the results.
In parti￿laT the directors ensure that:
> the identification, assessment and mitigation of risk is linked to th¢ charity's tharAÉable operational objectives
> the pro¢ess covers all ￿eaS of risk including fmancial, governance, operational and reputationa] risks and is focused
primarily ¢)n major risks
> the process se¢k$ to produce a risk exposure profile that reflects the diredors, views a$ to levels of acceptable risk
> th¢ risk management is ongoing and is embedded in managem¢nt and operational procedures. Risk Register is a standing
item at Board meetings.
Third party iDdemnity insuranee poliey
Th¢ ¢harity maintains a third party indemnity insurance policy for the benefit of the Tn￿ees. The policy was in force
durlng the year and remains in forcc at the time of approval of this report.
Approved by ord¢T of the board of tn￿tee9 on ..... .. ......
. and signed on its behalf by:
Pagc 6

om¢rset Film And Video Ltd
rt of the Trustees
for the Year Ended 31 Marth 2024
P Burr- Tn￿te¢
Page 7

endent Examin&s Re
rt lo the Trustees of
Somerset Film And Video Ltd
Ittdtpendtnt examlner's report to the trn8tee% of Somerset Fum And Vldeo Ltd ethe Company,)
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity's t￿st¢£5. of tbc Company (and also its direcÉoTS for thc purposcs of company law) you are res￿￿Sible for th¢
preparatiim of th¢ accounts in acc¢)rdance with the Tequirernents of the Companies Act 2006 (Mh¢ 2006 Act).
Having satisfied myself that the accounts of the Company are not required to b¢ audited under Part 16 of the 2006 Act and
are eligible for independent examinatio￿ I report in respect of my examination of your charitys accounts as carried out
under S￿ti()n 145 of the chariti￿ Ad 2011 ('the 2011 Act,). In ca￿]ng out nly ¢xamination I havc followed the Directions
given by the Charity Commission under Section 145(5) 0)) of the 2011 Act.
Independent examiner's statement
Since your Charity's gross income exceeded £250,000 your ¢xamin¢r must be a member of a listed body. I can confinn thai I
am qualified to undertake the examination because I am a member of the Instimte of Chartered Accountants in England and
Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my att￿tIOn in comie£tion with the examination
giving me cause to believe:
accounting re￿rdS were not kept ID respect of the Company as required by Section 386 of the 2006 Act. or
the accounts do not accord with those records" or
the account5 do not comply with the accounting requirements of Section 396 of the 2006 Act other than any
requirement that the accounts give a tme and fair view which is not a matter considered as part of an independent
examinalion. or
the accounts bave not been prepared in accordance with the methods and Principles of the Statement of
Recommended Practice for accounting and reportlng by charities (applicable to charftties preparing their awounts in
accordance with the Financial Rq)orting 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 to be reached.
Clive Hall-Tomkin
Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF
Date:.....
Page 8

Somerset Film And Video Ltd
Statement of Financial Activities
for the Year Ended 31 March 2024
31J.24
Total
fund%
31.3.23
Total
fimds
Unrestricted
fimds
Restricted
fi￿d$
Notes
INCOME ATrID ENDOIVMENTS FROM
Donations and legacies
154,540
348,763
503J03
371,599
Chvdritable activities
Charitable
32,537
475
33,012
12,676
Other trading activities
Investment income
22,234
22,234
62,803
430
Total
211
349 238
560 602
EXPENDITURE OIY
Raising funds
18,900
1&900
20,094
Charltsble activities
Project costs
Employment costs
Estsblishment costs
R¢pairs and maintenance
oirlce expenses
Printing postage and stationery
Subscriptions and donations
Cleaning
Bank charges
Bad debts
Travel and subsistence
Advertising and promotion
Depreciation of tangible fixed assets
Accountancy
42,945
113,749
16,505
12,910
12JlO
2J99
55,855
126,059
1&904
85,890
114,609
23,969
6,793
6,642
1,731
294
4,770
525
407
3.102
707
23,657
4J09
537
557
4,015
635
167
1,697
5,093
808
557
4,852
726
167
2,141
7,646
20.701
271
837
91
20,701
922
Total
274 026
NET INCOMEI(EXPEP4DITURE)
TransfeTh between funds
(31,694)
402 478
318,270
402 478)
286,576
147.412
17
Ntt movement in funds
370,780
{84,208)
286,576
147,412
RECOlYCtLIATION OF FUNDS
Totsl funds brought fonvard
474I14
171,812
646,626
499214
TOTAL FUNDS CARRIED FORWARD
933 202
CONfINUINC OPERATIONS
All income and expenditure arisen from Continuing activities.
The notes forni part of these fmancial statements
Page 9

Somerset Film And Video Ltd
Balance Sheet
31 March 2024
31J.24
31.3.23
Total
funds
Unrestricted
fLmds
Restricted
funds
funds
Notes
FIXED ASSETS
Tangible assets
14
765,407
765,407
454,867
CURRENT ASSETS
Debtors
Cash at bank and in hand
15
9,410
96.244
9,410
183W8
43,151
192,284
105,655
87,604
193,258
235,435
CREDITORS
Amounts falling due within one year
16
(25,463)
(25,463)
(43,676)
NET CURRENT ASSETS
80,191
87.604
167 795
191.759
TOTAL ASSETS LESS CURRENT
LIABILITIES
845J98
87,604
933202
646.626
NET ASSETS
845598
87.604
933202
646.626
17
Unrestricted funds
Restricted fimds
845.398
87.604
474.814
171,812
TOTAL FUIYDS
933
646,626
The ¢haritable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year
ended 31 March 2024.
The members have not required the company to obtain an audit of its financial staternents for the year ended 31 March 2024
in arcordancc with Section 476 of the Companies Act 2006.
The trustees a¢knowledg¢ their responsibilities for
(a)
ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the
Companies Act 2006 and
preparing fmancial statements which give a true and fair view of the stat¢ of affairs of the charitsble company as at
the end of each fmancial year and of its SUTplus or deficit for each financial year in accordance with tbe
requirements of Sections 394 and 395 and which othenvise comply with the requirements of the Companies Act
2006 relating to financia] statements, so far as applicable to the charitsble company.
(b)
The notes fonn part of these financial statements
Pagc 10
continued...

Film An
These financial ststemfflts have been prepared in accordan¢e with the provisions applicable to Charitable companies subject
to the small companies re8im¢.
The finaticlal statements were approved by the Board of Trustees and authorised for issue on .. ...................
and were sign¢d on its bd￿f by:
P Burr. Tn￿lee
The notes forni part of these finoncial statsm¢nts
Page 11

Somerset Film And Video Ltd
Notes to the Financial Statements
for the Year Ended 31 March 2024
CHARITY STATUS
The charity is a private company limited by guoJalltee and does not have share capitAI. Each of the trnstees is liable
to contribute an amount not C￿lL.￿dIng £1 towards the assets ofthe charity in the event of liquidation.
ACCOUNTING POLICIES
B4$is of preparing the financial statements
The financial statements of the charitable company. which is a public benefit entity under FRS 102, have been
prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by cE￿Ities.. Statemcnt of
Recommended Practice applicable lo charities Preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of IrelaJ)d IFRS 102) (effective l January 2019),, Financial Reporting
Standard 102 The Financial Rcporting Standard applicable in the UK and Republic of Ireland, and the Companies
Act 2006. The financial statements have been Prepared undeT the historical cost convention.
The financial statements hav¢ been pr¢paT¢d in awordance with applicable accounting standards and estimation
techniqu¢s. the Statement of Recommended Practice- Accounting and Reporting by Charities (SORP 2005) and th¢
Companies Act 2006.
Financial reporting standard 102 - redu¢ed di$¢losure exemptlon8
The charitable company has taken advantag¢ of the following disclosure exemption in preparing these fmancial
statements, as pellDitt￿ by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ircland,:
the requireroents of Seclion 7 Slatement of Cash Flows.
Income
All incom¢ is r¢¢ognised in tbe Statement of Financial Activities once the charity has entitl¢ment to the funds, it is
probable that the income will be received and the amount can be measured reliably.
Donations aDd lega¢ie5
Donations and grants are rccognised where there is entitlement, certainty of receipt and the amount can be measuTed
with sufficienl reliability. Wh¢re appropriate graDts are included in a restricted fund and are used for the puwe
that the wt was made.
Deferred illcome
Deferred incorne represents arnounts rcccived for future periods ond is released to incoming resources in the period
for which it has been received. Such income is only defe￿d when..
> The donor specifies that thc grant or donation must only be used in future accounting peri(Mls,' or
> The donor imposed conditions which must b¢ m¢t brfor¢ the charity has unconditional entitlement.
Expenditure
Liabilities are recognised as expenditure as as there is a legal or Constrnctive obLigation con)mitting the charity
to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount
of the obligation can be measured reliably. Expenditure is acwunted for on an a¢crLthls basis and has been classified
under headings that aggregat¢ all cost related to the category. Where costs cannot be directly attribut¢d to particulaT
headings they have been allocated to activitics on a basis ¢onsi$tent with the use of resources.
Raislng funds
Costs of raising funds are the costs of trading for fundraising PUTPOSCS.
Page 12
contAnu¢d...

Som¢Tset Film And Video Ltd
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
ACCOUNTING POLICIES - ¢ontinv¢d
Charitable activities
Income from charitable activities includes income recognised as earned (as the related goods or Se￿A¢eS are
provided) und¢r ¢ontra¢t or where entitlement to grant fimding is subje¢t to spe¢ifi¢ perfomance conditions. Grant
income included in this category provides funding support programme activities and is reco￿11Sed where there is
entitlemenL certainty of receipt and the amount can be measured with sufficient reliability.
Allocatlon And Apportlonment of costs
Capital expenditure comprises those costs incurred by the charity in the delivy of its adivities and services for its
beneficiaries. It includes botti costs that can be allocated directly to such activities and those costs of an indirect
naturc ne¢¢ssary to support them.
Support costs include central fun¢tions and have been all(￿ated to activity Cost categories on a basis ¢onsistent with
the use of resources.
overnanc¢ costs include costs of th¢ PTeparation and examination of th¢ statutory a¢¢ounts. the costs of trustee
meetings and the costs of any legal advice to tn￿teeS on governance or constitutional nTrtters.
Bank interest and other investment In￿Me is recognised on a receivable basis.
Th¢ charity has not received any material gifts in kind or services during the ycaT.
Tangible fixed 4s8ets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery
Fixtures and fittings
Computer equipment
Straight lin¢ over 3 years
Straight line over 3 years
33010 on cost
Taxation
The charity is exempt from corporation tsx on its clwitable activities.
Fund Accounting
Unrestricted funds ¢an be ￿ed in a¢¢ordan¢e with the clwitsble objk%tiv¢s at tb¢ discretion of the trustee$.
Desi￿at¢￿ funds are unrestri¢t¢d fund8 set aside for specific purposes at the discretion of the trnstees.
Restricted fi￿d8 can only be used for particular restricted purposes within the objects of the charity. Restrictions
arisc when specified by the donoT OT Wh￿ fimds are raised for parti¢ular restricted purposes.
Wh¢r¢ restri¢t¢d funding is received for ¢apital eKpenditur¢, and unless the funding a￿ement states otherwise, the
value of the capital equipment or in]provements purthased with the restricted funding 15 trallsfe￿ to unrestricted
funds, once the ternis of the restricted funding have been met.
Further explanation of the nature and pllrp￿ of each fund is included in the notes to the financial statements.
Pensloll costs and other post-retlrement benefits
The charitsble company operat¢$ a d¢fmed contrtbution pension sth¢me. Contributions payable to the charitable
company's pension scheme are charged io the Statement of Financial Activitics in the period to which they relate.
Page 13
continued...

Somers¢t Fiim And Video Ltd
Notes to the Finan¢ial Ststements- continued
for the Year Ended 31 March 2024
DONATIOIYS AND LEGACIES
31J.24
31.3.23
Gifts
Donations from individuals and organisations
Project grants
1,97S
501
4,232
367 367
503
371,599
Grants receive(L Included in the above, are as follows..
31J.24
31.3.23
Arts Council- Ignite Somffset
Wornad
BFI Filrn Club
Wellington Film Festival
Petro¢
BFI Film Academy
Clothworkers
Sedgmoor Creative People and Plac¢s
Same Difference
Watershed Arts Trust
Bridgwater Town Council- repair cafe
Spark Sorn¢TSet CIO
Somerset County Council - Innovations SCF
Bridgwater Town Council - Quayside
Somerset Arts Wo
South Somerset DC
Mendip District Council
Bridgwater Arts Centre - Fairytale week
Town Deal Fund
BFI Film Hub
Somerset Cowity Council - SCF Discovery
CIAT
Valencia Community
Garfield Weston
National HeriLqge
Harptree Trust
Animating the Town
Rory Pilgrim Proje
Moment on Mendip
Earth in Foc￿$
89,062
625
89.062
400
6.781
4,000
2,549
16,806
20222
10,000
36,772
47,361
700
1,000
9(Kl
150
1.450
1245
804
2,500
5,000
671
173,000
8,477
9,410
3,106
2500
5,000
256,000
520
22082
15,000
1&822
500
500
1,254
960
5,000
501
367,367
Page 14
continued...

Somerset Film And Video Ltd
Notes to th¢ Financial Ststements - continued
for the Year Ended 31 March 2024
OTHER TIL4DING ACTIVITIES
31.3.24
31.3.23
Cafe income
Commissi¢)n5
7.552
11,383
62,803
INVESTMENT INCOME
31J.24
31.3.23
Deposit account interest
430
IIYCOME FROM CHARITABLE ACTIVITIES
31.3.24
31.3.23
Activity
Charitable
Charitable
Charitable
Charitable
Charitable
Equipment and facility hire
Course and workshops
Commissions
Services
Rechargcs
8.505
4,977
18,711
819
6,928
2,642
325
2.255
526
RAISING FUNDS
Other trading activitie$
31.3.24
31.3.23
Purchas¢s
Stsff costs
3J21
15.579
4,127
15,967
Costs of trdding activitie5 relate to the F.ngine R(KJm café.
Page 15
continued...

Somerset Film And Video Ltd
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
CHARITABLE ACTIVITIES COSTS
Support
costs (sec
note 9)
Direct
Costs
Totals
Project costs
Employrnent costs
Establishment costs
Office expcnscs
Prlnting postage and stationery
Subscriptions and donations
Cleaning
Bank ¢harg¢s
Bad debts
Travel and subsistence
Advertising and promotion
Depreciation of tangible fixed assets
Accountancy
55,855
126,059
18,904
5,093
808
557
4,852
726
167
55055
126,059
18,91M
5,093
808
557
4,852
726
167
2,141
7,646
20,701
2,141
7,646
20,701
213 021
255 126
£222,359 (2023 - £246,076) of the aknve expenditure was attributable to unrcstricled funds and £30,966 (2023 -
£105.161) to restricted funds.
SUPPORT COSTS
Governance
costs
Travel and subsistence
Advertising and promotion
Depreciation of tangible fixed assets
Acwuntancy
2.141
7,646
20.701
Page 16
continued...

Somerset Film And Video Ltd
Notes to the Financial Sialements - continued
for the Year Ended 31 March 2024
SUPPORT COSTS- Continued
Support cost4 included in the above, are as follows:
Depreciation
Travel
and
subsistence
Advertising
tangible
fixed
promotion
Travel and subsistence
Adv¢rtisAng and promotion
Accol￿tancY
Depreciation of tan￿￿1¢ fIX￿ assets
2,141
31J.24
Total
activities
31.3.23
Totsl
activities
Accountancy
Travel and subsistfflce
Advcrtlsing and promotion
Accountancy
Depreciation of tangible fixed assets
2.141
3.102
707
6906
11,617
11,617
34
io.
NET INCOMEI(EXPENDITURE)
Net tncomel(expenditure) is stated after Chargin￿{C[ClI]Iing).
31J.24
31.3.23
Depreciation- owned assets
ii.
TRUSTEESI REIWUIYERATION AND BENEFtTS
No trustees hav¢ been re¢eiv¢d any other benefits from the chaTity during the year.
Trustees, ¢xpen$e$
There wtte no tsustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Page 17
continued...

Somerset Film And Video Ltd
Notes to the Financial Statem¢nts- c(Intinu¢d
for the Year Ended
l March 2024
12.
STAFF COSTS
313.24
31.3.23
Wages and salwi¢s
Social security costs
Other p¢nsion Costs
14,557
805
217
14,983
210
774
The average monthly number of employees dwing thc year was as follows:
JlJ.24
31.3.23
Trading activities
Clwktable activities
io
6 (2023 - 5) of the al)ove employees participated in the Defined Contribution Pension Scheme.
Pension costs relating to the charity's def]ned contribution p¢nsion scheme are allocated to adivities and fimds on
the same basis as the allocation of wages and salaries costs for the employees in the scheme.
No employee received emoluments of more than £60,000 during the year.
The total employee benefits of the key managemenl personnel of the clwity were £27,192 (2023 - £27,192).
13.
COMPARATIVES FOR THE STATEMENT OF FIIYAIYCIAL ACTIVITIES
Unrestricted
Restricted
fiLnds
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
177,394
194,205
371,599
Charitable acdvltles
Charitabl¢
12,676
12,676
Other trading activities
Investment income
62,803
430
62.803
430
Tot*1
253 303
447.508
EXPENDITURE OIY
Raising fimds
20,094
20.094
Charitsble actlvldes
Project costs
Employment costs
Establishment costs
Repairs and maintenance
Offic¢ ¢xpenses
Printing postage and stationery
67,916
103.041
23,684
4,396
6,220
1,557
17,974
11,568
285
2,397
422
174
85,890
114,609
23,969
6,793
6,642
1,731
Page 18
ontinued...

Somerset Film And Video Ltd
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
13.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted
fi￿dS
fimds
Total
Subscriptions and donations
Cleaning
Bank charges
Bad debts
Travel and subsistence
Advertising and promotion
Depreciation of tangible r￿ed assets
Aw)untancy
294
4.713
471
407
2,198
707
23,657
6,815
294
4,770
525
407
3,102
707
23,657
57
54
904
91
Total
266.170
300 096
NET INCOMEI(EXPEIWITURE)
(12.867)
160,279
147,412
RECONCILIATION OF FUNDS
Total funds brought fonvard
487,681
11,533
499,214
TOTAL FUNDS CARRIED FORWARD
474 814
171812
14.
TANGIBLE FIXED ASSETS
Fixtures
Freehold
property
Plant and
Computer
equipment
fittings
Totals
COST
At l April 2023
Additions
517,939
331
44J64
64,495
255J69
882,167
331
At 31 March 2024
849,180 ￿64
255J69
DEPRECIATION
At l April 2023
Charge for year
141J12
12,699
32,796
240,493
427J(Kl
At 31 March 2024
144
17
24
44
NET BOOK VALUE
At 31 March 2024
704
27
At 31 March 2023
376 627
31,699
454 867
Included within the net book value of land and buildings above is £Nil (2023 - £Nil) in respect of freehold land and
buildings and £321,525 (2023 - £325,058) in respect of long leasehold improvements.
Page 19
continued...

Somerset Film And Video Ltd
Noles to the Financial Statements - continued
for the Year Ended 31 March 2024
15.
DEBTORS: AMOUNTS FALLING DUE WITHILY ONE YEAR
31J.24
31.3.23
Trade debtors
Prq)ayments
Accrued income
7,731
1,679
41,337
1,414
400
43,151
16.
CREDrroRS: AMOUNTS FALLIIYG DUE WITHllY OIYE YEAR
313.24
31.3.23
Trddc creditQTS
VAT
Other ¢redilors
Accrued expenses
Deferred income
16,983
996
410
3,750
6.385
8,610
10.933
17. MOVEMENT IN FUNDS
Net
movement
in funds
Transf¢TS
between
funds
At
31.3.24
At 1.4.23
Unrestricted fvnds
General fund
Propety Assets Fund
149,758
325 056
(31,694)
402,478
520,542
325 056
474.814
(31,694)
402A78
845,598
Restricted funds
Homcs in Scdgcmoor Capital Fund
BFI Film A¢ademy Fund
Clothworkers Foundation
Kickstarter
Wellington Film Festival
Town Deal
Nationaj Heritage
HaTptr¢¢ T￿st
Earth in F￿u8
313
912
172
190
313
151
(761)
(172)
190
(2)
(402,476)
170223
303,063
12.640
500
70010
12.640
500
171812
318
TOTAL FUIYDS
933
Page 20
¢)ntinued...

Somerset Film And Video tAd
Notes to the Financial Siatem¢nts - continued
for the Year Ended 31 ￿Iarch 2024
17.
MOVEMENT IN FUNDS - ¢ontitiued
Net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in fimds
Unrestricted funds
General fund
211J64
(243,058)
(31,694)
Restricted futtds
BFI Film Academy Fund
Clothworkers Foundation
Womad
Town Deal
National Heritage
HaTptre¢ Tntst
Earth in Focus
20.697
(21,458)
(172)
(625)
(518)
(6,193)
(761)
(172)
625
303,581
IV33
500
303.063
12,640
500
349
30
31
TOTAL FUNDS
274 026)
Comparatives for movemeDt in ￿Dd$
Net
mOv￿n¢￿t
in funds
At
31.3.23
At 1.4.22
Uttrestrficted funds
Gen￿al fimd
Property Assets Fund
159,090
328 591
(9,332)
149.758
325 056
487,681
(12,867)
474,814
Restrleted funds
Homes in Scdgemc¥)r Capital Fund
BFI Film Academy Fund
Clothworkers Foundation
Womad
Kickstarter
WellingtOD Film Festival
Business Improvement Grant
Town Deal
313
75
172
675
190
8,000
2,108
313
912
172
837
(675)
190
(7.998)
(2,108)
170,223
170 223
160279
171812
TOTAL FUNDS
499214
147 412
Page21
continued...

Somerset Film And Video Ltd
Notes to the Financi￿ Ststements - continued
for the Year Ended 31 March 2024
17.
MOVEMENT 11¥4 FUNDS - continued
Comparative net movement in funds, included in the above are as follows..
Lncoming
resources
Resour¢¢s
expended
Movement
in funds
UDrestriet¢d funds
General fund
Property A&8ets Fund
253,303
(262,635)
(9,332)
253,303
(266,170)
(12,867)
Restricted funds
BFI Film Academy Fund
Petroc
Womad
Wellington Film Festival
Busines5 Improvfflnent Grant
Town Deal
SCF Innovations
16,805
2.550
4¢X)
{15,968)
(2.550)
(1,075)
(7,998)
(2,108)
(2,777)
837
(675)
(7,998)
(2,108)
170,223
173.IM)O
160 279
TOTAL FUNDS
447,508
3￿,096)
147,412
A Current year 12 months and prior year 12 months combined position is as follows:
Net
movement
in funds
Transfers
between
funds
At
31.3.24
At 1.4.22
UDrestri¢t¢d fund$
General fimd
Property Assets Fund
159,090
328 591
(41,026)
402,478
520,542
325 056
487,681
{44,561)
402,478
845,598
Restrleted funds
Homes in Sedgernoor Capital Fund
BFI Film Academy Fund
ClothwoTk¢rs Foundation
Womad
Ki¢kstarter
Wellington Fikn Festival
Business ImpTovement Grant
Town Deal
National Heritage
Harptree Trust
Earth in Focus
313
75
172
675
313
151
76
(172)
(675)
190
8.000
2,108
{7.998)
{2.108)
473,286
12.640
500
(2)
(402,476)
70,810
12.640
500
478 549
402 478
TOTAL FiJNDS
499,214
433,988
933,202
Page 22
ontinued...

Somerset Film And Video Ltd
Notes to the Financial Statements - ¢ontitiued
for the Year Ended 31 March 2024
17.
MOVEMENT IIY Full￿s - continued
A current year 12 months and prior year 12 months combined net movement in fi￿ds, included in the above are as
follows=
Incoming
re50UTC¢S
Resources
expended
Movement
in fi￿aS
Unrestrictsd funds
Gcneral fund
Property Assets Fund
464,667
(505,693)
3,535}
(41,026)
3,535)
464,667
{509,228)
(44,561)
Restrieted funds
BFI Film Academy Fund
Clothworkers Foundation
Petro
Womad
Wellington Film Festival
Business Improvement Grant
Town Deal
SCF Innovations
National Heritage
Harptree Trust
Earth in Focus
37.502
(37,426)
(172)
(2,550}
{1,700)
(7.998)
{2,108)
(3,295)
{1,450)
(6,193)
76
(172)
2,550
1,025
(675)
(7,998)
(2,108)
473,286
476,581
1,450
18,833
500
12,640
500
478 549
TOTAL FUNDS
1008 110
574 122)
433 988
The funds of the clwity include the following ￿￿eStiCted funds:
Unrestricted InGome Fund
This fi￿d r¢presents the'free reserves, of the charity after allowing for all de5ignatcd funds.
Designated Property Assets Fund
The Propety Assets Fund has been set aside by the trustees as a sq)arate designated fund corresponding to the value
of unrestricted fimds represented by capital expenditure by the charity on leasehold propety improvements at its
pranis¢s at the Engine Room, Bridgwater which are used on an ongoing basis for its charitable and other activities.
During the year £3,535 was transferred from the Property Assets Fund to the Unrestricted Income Fun(L
Tepresenting the depreciation charged on ihe l¢as¢hold property as8ets of the charity in respect of the year.
The fi￿a$ of the chaTity in¢lud¢ the above restricted funds comprising unexpended balances of ￿t$ held on trusts
to be applied for specific purposes. Details of the restricted funds are as follows:
BFI Film A¢ad¢my Fund
Page 23
continued...

Somerset Film And Video Ltd
Not￿ to the Financial Statements - continued
for the Year Ended 31 MaTch 2024
17.
MOVEMENT IN FUNDS - ¢ontitiued
The purpose of the British Film Institute Film Academy fund is to provide a national prO￿amMe for 16 - 19 year
olds, developing the next generation of filmmaking talent.
Clothworkers Foulldation
The purpose of the Clothworkers Foundation's is to Provide capital support to Teduce the impacl of Covid.
Womad
The purpose of Womad is to provide an educational activity programme to celebrate diversity and provide children
with the opportunity to produce souod and radio inspired by world cultLfe.
Kickstartcr
Thc purpose of Kickstarter is to provide a national government progran]me to create jobs for 16 to 24 year olds on
UDiversal Credit.
Wellington Film F¢￿]VaL
The purpose of the Wellington Film Festival is to provide a three day festival of scr¢enings, activities and events,
fimded and initiated by Wellington Town Council and supported by Somerset Wesl and Taunton.
Sedgemoor District Council- Town Deal
The purpose of the Town Deal Fund is to provide capital investment to improve the Engine R(Kim facilities.
Somerset County Council - SCF Innovations
The purpose of the Somerset Community Foundation is to Provid¢ innovati¢)n and organisational dcv¢lopllL¢nt
support.
Petroc
The purpose of Petroc is to pass on digital skills to those seeking employment post-covid pandemic.
18.
EMPLOYEE BENEFIT OBLIGATIONS
The charity operates a defined contribution pension scheme. The pension cost charge for the year rq)resents
contributions payable by the charity to ihe scheme and amounted to £2J58 (2023 - £2,145).
Page 24
continued...

Somerset Fikn And Video Ltd
Notes to the Financial Statements - continued
for the Year Ended 31 Mar¢h 2024
19.
RELATED PARTY DISCLOSURES
TrI￿le¢S who provide 5¢rvices to the clwity must do so on a commerciaj basis 8nd must tender for the contract in
competition with other service providers. Details of fees paid to tr￿Stee$ foT services proKded during the year are
shown in note I l.
Duting tbe year the clwity also made the following transactions with other related parties:
S*li¢nt Feature& (2003) Ltd
(a company controlled by Mr P ShcpheTd, the company s¢•)
Mr P ShepheTIL the company secretary. acts as fa¢ilitator for the tharity. His services are contracted to the clwity
by Salient Fea￿reS (2003) Ltd, a company in which Mr P Shepherd has a controlling interest. During the year the
charity paid £n?1 (2023 - £nil) to Salient Features (2003) Ltd In respect of facilitator services and associated costs. At
the balance sheet date the amount due ￿ Salient Features (21)03) Ltd w&s £nil {2023 - £nil).
There were no otber related paty transactions il) the year.
20.
PRIOR YEAR ADJUSTMENr
In the prior year. an adjustment was madc to thc Tcstrictcd funds resulting in the reserves being incorrect and the
bank balance being understaled by £71,235. This did nol affect the financial statement of financial acliviti&s and
therefore has not been adjusted through a Prior y¢ar adjuslment.
The prior y¢ar r¢s¢rves have been restated to include this correction.
The brought fi)rwaTd balaft￿s have also been adjusted in the current year to correct this.
Page 25

Somerset Film And Video Ltd
Detailed Statement of Financial Activities
for the Year Endd 31 March 2024
31.3.24
31.3.23
INCOME AND ENDOWMENTS
DoDation$ and legaeles
Gifts
Donations from individuals and organisations
Project grants
1.975
501
4232
367 367
503 J03
371.599
Other trading activities
Cafe irt¢ome
Con]missions
7,552
11,383
22234
62,803
Investment income
Deposit account interest
2,053
430
Ch94rltable acilvlties
Equipment and facility hire
Course and Workshops
Comrnissions
se￿ICes
R¢chaTges
8,505
4,977
1&711
819
6.928
2,642
325
2,255
526
Total Incomlng resources
5(A),602
447,508
EXPENDITURE
Other tradlng Actliltles
Cafe expense5
Wages
Social s¢curity
Pensions
3J21
14J57
4,127
14,983
210
774
217
18,900
20.094
Chthtable fdrtlvitie8
Project costs
Employment costs
Establishm¢nt Costs
Rq)airs and maintenancc
Carried fonvard
55055
126,059
1&904
85.890
114,609
23.969
6,793
231,261
200,818
This page does not forn) part of the stathtory fiDan¢ial statements
Page 26

Somerset Film And Video Ltd
Detailed Statement of Finoncial Activities
for the Year EDded 31 March 2024
31.3.24
31.3.23
Charitsble Activities
Brought fonvard
office expenses
Printing, post and station¢ry
Subscriptions
Cleaning
Bank charges
Bad debts
200,818
5,093
808
537
4,852
726
167
231,261
6,642
1,731
4,770
525
407
213,021
245.630
Support cost5
Governance costs
Trnvel and subsistence
Advertising and PTomotion
Accountancy
Fixtures and fittings
2,141
7,646
11,617
3,102
707
6,906
Total resour¢es expended
274 026
Net income
286 576
147 412
This page does not fonn part of the statutory fmancial statements
Page 27