**Company Registration No. 5167437 (England and Wales)** **HATIKVAH FILM TRUST ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2023** ## **HATIKVAH FILM TRUST ANNUAL REPORT AND UNAUDITED ACCOUNTS CONTENTS** ||**Page**| |---|---| |Company information|3| |Directors' report|4| |Accountants' report|5| |Income statement|6| |Statement of financial position|7| |Notes to the accounts|8| |Detailed profit and loss account|10| - 2 - **HATIKVAH FILM TRUST COMPANY INFORMATION FOR THE YEAR ENDED 30 JUNE 2023** ## **Directors** **Company Number** **Registered Office** ## **Accountants** Mr Roy Thurleigh Mrs Meriel Forshaw Mr Nicholas Szkiler 5167437 (England and Wales) 16 Halliwick Gardens Felpham Bognor Regis West Sussex PO22 7JE UK Scofield & Co 16 Halliwick Gardens Felpham Bognor Regis West Sussex Po22 7JE - 3 - ## **HATIKVAH FILM TRUST (COMPANY NO: 5167437 ENGLAND AND WALES) DIRECTORS' REPORT** The directors present their report and accounts for the year ended 30 June 2023. ## **Principal activity** production of films and other media. ## **Directors** The following directors held office during the whole of the period: Mr Roy Thurleigh Mrs Meriel Forshaw Mr Nicholas Szkiler ## **Statement of directors' responsibilities** The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations. Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgements and estimates that are reasonable and prudent; - prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **Small company provisions** This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006. Signed on behalf of the board of directors ............................................................................ Mr Roy Thurleigh Director Approved by the board on: 17 August 2023 - 4 - **HATIKVAH FILM TRUST ACCOUNTANTS' REPORT** ## **Accountants' report to the board of directors of Hatikvah Film Trust on the preparation of the unaudited statutory accounts for the year ended 30 June 2023** In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Hatikvah Film Trust for the year ended 30 June 2023 as set out on pages 6 - 9 from the company's accounting records and from information and explanations you have given us. This report is made solely to the Board of Directors of Hatikvah Film Trust, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Hatikvah Film Trust and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hatikvah Film Trust and its Board of Directors as a body for our work or for this report. It is your duty to ensure that Hatikvah Film Trust has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Hatikvah Film Trust. You consider that Hatikvah Film Trust is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of Hatikvah Film Trust. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts. Scofield & Co 16 Halliwick Gardens Felpham Bognor Regis West Sussex Po22 7JE 17 August 2023 - 5 - ## **HATIKVAH FILM TRUST INCOME STATEMENT FOR THE YEAR ENDED 30 JUNE 2023** |**Turnover**
Cost of sales
**Gross loss**
Administrative expenses
Other operating income
**Operating profit**
**Profit on ordinary activities before taxation**
Tax on profit on ordinary activities
**Profit for the financial year**|**2023**
**£**
3,248
(20,907)
(17,659)
(9,085)
29,447
2,703
2,703
-
2,703|**2022**
**£**
25,223
(31,906)| |---|---|---| |||(6,683)
(11,245)
22,420| |||4,492| |||4,492
-| |||4,492| - 6 - ## **HATIKVAH FILM TRUST STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2023** |**Notes**
**Fixed assets**
Tangible assets
4
**Current assets**
Debtors
5
Cash at bank and in hand
**Creditors: amounts falling due within one year**
6
**Net current assets/(liabilities)**
**Net assets**
**Capital and reserves**
Profit and loss account
**Shareholders' funds**|**2023**
**£**
4,772
20,384
6,575
26,959
(20,359)
6,600
11,372
11,372
11,372|**2022**
**£**
19,279
4,982
4,275| |---|---|---| |||9,257
(19,867)| |||(10,610)| |||8,669| |||8,669| |||8,669| For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The financial statements were approved by the Board of Directors and authorised for issue on 17 August 2023 and were signed on its behalf by Mr Roy Thurleigh Director Company Registration No. 5167437 - 7 - **HATIKVAH FILM TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2023** ## **1 Statutory information** Hatikvah Film Trust is a private company, limited by shares, registered in England and Wales, registration number 5167437. The registered office is 16 Halliwick Gardens, Felpham, Bognor Regis, West Sussex, PO22 7JE, UK. ## **2 Compliance with accounting standards** The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard. ## **3 Accounting policies** The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts. ## _**Basis of preparation**_ The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets. ## _**Presentation currency**_ The accounts are presented in £ sterling. ## _**Turnover**_ Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers. ## _**Tangible fixed assets policy**_ Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: |Plant & machinery
25%
Computer equipment
25%
**4**
**Tangible fixed assets**
**Cost or valuation**
At 1 July 2022
Additions
At 30 June 2023
**Depreciation**
At 1 July 2022
Charge for the year
At 30 June 2023
**Net book value**
At 30 June 2023
At 30 June 2022|**Plant &**
**machinery**
**£**
At cost
22,281
12,676
34,957
3,002
27,183
30,185
4,772
19,279|**Computer**
**equipment**
**£**
At cost
740
-
740
740
-
740
-
-|**Total**
**£**
23,021
12,676| |---|---|---|---| ||||35,697| ||||3,742
27,183| ||||30,925| ||||4,772| ||||19,279| - 8 - ## **HATIKVAH FILM TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2023** |**5**
**Debtors**
**Amounts falling due within one year**
Trade debtors
Other debtors
**6**
**Creditors: amounts falling due within one year**
Trade creditors
Other creditors
Loans from directors
Accruals|**2023**
**£**
17,734
2,650
20,384
**2023**
**£**
6,417
3,192
10,000
750
20,359|**2022**
**£**
4,982
-| |---|---|---| |||4,982| |||**2022**
**£**
5,875
3,192
10,000
800| |||19,867| ## **7 Average number of employees** During the year the average number of employees was 0 (2022: 0). - 9 - ## **HATIKVAH FILM TRUST DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 30 JUNE 2023** This schedule does not form part of the statutory accounts. ||**2023**|**2022**| |---|---|---| ||**£**|**£**| |**Turnover**||| |Sales|3,248|23,723| |Fees|-|1,500| ||3,248|25,223| |**Cost of sales**||| |Purchases|907|5,261| |Subcontractor costs|20,000|24,675| |Other direct costs|-|1,970| ||20,907|31,906| |**Gross loss**|(17,659)|(6,683)| |**Administrative expenses**||| |Travel and subsistence|2,776|-| |Telephone and fax|1,319|993| |Stationery and printing|26|-| |Subscriptions|490|-| |Bank charges|84|780| |Insurance|-|840| |Software|-|444| |Depreciation|1,590|2,121| |Sundry expenses|1,824|1,566| |Accountancy fees|750|800| |Consultancy fees|-|2,350| |Advertising and PR|226|1,351| ||9,085|11,245| |**Other operating income**||| |Other operating income|29,447|22,420| |**Operating profit**|2,703|4,492| |**Profit on ordinary activities before taxation**|2,703|4,492| - 10 -