REGisfERED COMPANY NUMBER: 4199742 (England and Wales)
REGISTERED CHARITY NUMBER: 1120059
CAMBRIDGE FILM TRUST
REPORT OF THE TRUSTEES
AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024

CAMBRIDGE FILM TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The trustees, who are also directors of the charlty for the purposes of the Companies Act 2006, present thelr report
with the flnancial statements of the charityfor the year ended 31 March 2024. The trustees have adopted the provisions
of the Statement of Recommended Practice ISORP)'Accounting and Reporting by Charities, issued in March 2005.
REFERENCE AND ADMINISTRATIVE DEfAILS
Reglstered Company number
4199742 (England and Wales}
Reglstered Charlty number
1120059
Re8lstered office
Arts Picturehou5e
38-39 St Andrews Street
Cambridge CB2 3AR
Trustees
A J Jones
Dr l M M¢Neill {Chair}
S R Jones Ilnterlm Chalr since August 20241
M O'Brien
MDWebb
Dr G W Maguire (appointed l May 2024)
Company Secretary
A J Jones
Independent Examlner
Timothy David Brown
Chartered Accountant
50 The Ridings
Surbiton
Surrey KT5 8HQ
Bankers
Barclays Bank PLC
28 Chesterton Road
Cambrid8e
CB4 3AZ
Page I

CAMBRIDGE FILM TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governln8 document
The charity is controlled by its governing document, a deed of trust, and is incorporated as a company limited by
guarantee under the Companie5 Act 2006.
Appointment of Trustees
The management of the charity is the responsibility of the Trustees who are elected under the deed of trust. The Board
of Trustees aim to maintain a broad mix of business. artistic and community-based skills. When particular skills are lost,
individuals with the relevant skills are approached to offer themselves for election to the Board of Trustees. All trustees
are regularly invited to attend events and activities run by the charity.
Rlsk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate
controls are in place to provide reasonable assurance against fraud and error.
Publlc benefrt statement
In shaping our objectives for the year and planning our activities. the Trustees have considered the Charity Commission's
guidance on public benefit, particularly with regard to fee charging. The Cambridge Film Trust relies on grants from
public funding bodies and private foundations but a150 on income generated from the activities it organises. In
establishing the level of fee5, charges and concessions, the Trustees aim to ensure due consideration is given to the
accessibility of it5 activities for those on low incomes. The Trustees a150 make sure that a certain number of events are
provided free of charge to increase the inclusiveness of the work of the Trust. Trust events taking place at the Arts
Pirturehouse in Cambridge are also included In the Picturehouse membership scheme, offering a discount to those
purchasing an annual membership.
Objectlves
The Cambridge Film Trust is a registered charlty that fosters film culture and education for the benefit of the public,
primarily in Cambrld8e and the Eastern region but also throughout the UK. We deliver a broad portfolio of screenings,
speclal events and tailor-made projects which enable people to be moved by, learn about and interart with film.
Specifically, our objectives are to:
promote, develop and maintain the appreciation of and educatlon In
11 the art, craft. technology and theatrical experience of film and video, including without limitation contemporary
and historical, local, national and world cinema- and
ii) the theory, history, aesthetics and practice of film and video making and the film and video industries and the
associated attivities of film and video journalism, publishing and distribution both by and for the public and by
and for pupils, Students, researchers and teaching staff at schools, colleges and universities in Cambridgeshire.
the UK and elsewhere.
promote the appreciation of and education and research in film and video and other objects beneficial to the
community through undertaking, facilitating and/or promoting the preservation of film and video andlor through
providing or assisting with the provision of public screenings of film and video.
Page 2

CAMBRIDGE FILM TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
2023-2024 Actlvftles
The Cambridge Film Trust delivers an ambitious and culturally-diverse programme of high-quality cinema in a variety of
settings. some of which are free and are rooted in a strong community element, as well as other film-related events,
often with an educational purpose. They include a large selection of international & foreign-language films. the majority
of which would not otherwise be easily available to audiences, presented in often innovative and inspirational ways. The
highlight of our year-round programme of events is the Cambridge Film Festival. one of the most well-respected events
in the UK festival calendar, which was founded in 1977 and is the third longest running UK film festival.
The Festival has a long-established reputation for delivering a critically well received programme of film and events to a
large and diverse audience from across the UK and elsewhere, and is one of the most popular film-based events in the
East of England. The Festival programme provides a range of benefits for the public, most notably access to quality
independent films which often do not receive any distribution or exhibition in the UK and an opportunity to meet and
debate with directors, producers, actors and those Involved in filmmaking.
The 42nd Cambridge Fllm Festlval (19-26 October 2023)
The 2023 Cambridge Fllm Festival was a significant achievement.. we experienced a marked increase In attendance,
attracted a higher level of sponsorshlp and media coverage, expanded our community outreach. and successfully hosted
high-profile guests and events, including the second editlon of a well-attended Industry Day. Feedback for the Festival's
diverse and high-quality programme was overwhelmingly positive.
The increase in attendance was particularly notable, with a rise of nearly 25%. After the challenges of the COVID-19
pandemic, itwas encouragingto see sold-out streenings every day and to surpass our targets for both audience size and
box office performance. This success can be attributed to a combination of factors, including the strength of the
programme, the careful scheduling of screenings to maximize attendance. and increased publicity through TV. radio, and
press coverage.
Forthe third consecutive year, half of the filmswe programmed were directed bywomen or non-binary filmmakers {52%
for features, 50% overall). The Festival presented films from 33 countries, offering a diverse range of subjects and
onscreen representation. We also brought back our Family Film Festival. offering free access to the community.
We were proud to welcome Asif Kapadia, recipient of the second Cambridge Film Festival Outstanding Contribution
Award, who participated in film introductions, Q&As, and an extended workshop with our Youth Lab. Opening Night
attracted significant attention from both the audience and the media, with Typist Artist Pirate King director, lead actor,
and producer in attendance. Other visiting talent, including Carol Morley. Monica Dolan, Asif Kapadia. and Sally Potter,
were all impressed with the Festival'5 organization and pro8ramme.
This year marked the second year of our integrated management structure, which has helped streamline processes and
foster greater cooperatlon across all areas of Festival delivery. It was also the third year of our collaborative Programmin8
Panel. These structural changes have enabled us to use our resources more effectively, steer the Festival toward greater
sustalnabillty, and create a more rewarding and mutually supportive environment.
Page 3

CAMBRIDGE FILM TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Educatlon Programme
One of the biggest areas of growth and focus in recent years has been education and industry. In 2023, the Cambridge
Film Trust rebranded and refocused all its activities for young people under a unified Education Programme. This strategic
and essential portfolio project aims to engage young people aged 16 to 24, with a special focus in targeting those from
disadvantaged backgrounds and minority groups. It includes initiatives such as volunteering, mentorship, internships,
Industry Day, talks at college5 and universities, and the Youth Lab.
In 2023, we delivered a wide range of initiatives focused on skills development, networking, and training, culminating in
the Cambridge Film Festival in October. This work benefited over 300 young people in Cambridgeshire, providing
practical skills and pathways into the film industry. It was supported by the Cambridgeshire Community Foundation,
Britford Bridge Trust, Anglia Ruskin University and The London School Trust.
The Youth Lab
Launched in 2019 and young person led, the CFF Youth Lab is our flagship film education initiative, focusing on
developing young people's film evaluation and criticism skills. as well as encouraging communication and network
building. This year, the programme expanded its reach, offering regular film discussion groups, workshops, networking
events, and presentations by industry professionals.
The Youth Lab is one of the proudest achievements of the Cambridge Fllm Trust over recent years and a key focus for
the organisatlon and the Cambridge Film Festival in the years to come.
Highlighting its sl8nlflcance, the Youth Lab presented the Youth Lab Jury Award for the best feature during the 42nd
edition of the Festival and organlsed a bespoke screening event in February 2024 as part of the inaugural Cambrldge
Arts Festival.
The Youth Lab wa5 supported by the Cambridgeshire Community Foundation, Cambrldge City Council, Herefordshire
Community Foundatlon, The Cole Trust, and Postcode Places Trust, enabling it to expand its valuable programme of
actlvlties while strengthening Its focus on increasing participation from underrepresented communitie5 and young
people from diverse backgrounds.
Operatlng Support of Cambridge Fllm Festfval
The Cambridge Film Trust worked hard throughout the year to secure sustainable and diverse income streams. Income
consisted of grant funding, private fundin& sponsorship from local companies, ticket sales and film submissions.
The Trust received grant funding through the British Film Institute IBFI), with the Support of National Lottery. as well as
the invaluable contribution of private donors, including The Eligator Sansom Family Fund. 2023 saw the continued
support from long standing principal partners Studio 24 and ThP Group as well a5 new and existing sponsors such as
Astrazeneca, Alchemie Technology, Cambridge Bid, Woodfines Solicitors the Gonville Hotel, Airport Lynx and
Sticks'n'sushi, among others. International bodies such as the Institut Ramon Llull (Catalonia's cultural institute)
continued to support elements of the Festival and we received a small amount of screening support from Film Hub South
East in relation to a strand on Powell & Pressburger as part of the BFI'S Cinema Unbound season.
The Board of Trustees wish to record their gratitude to our funders and partner5 as well as friends and audience member5
who have made donations and bought tickets to Festival events.
Page 4

CAMBRIDGE FILM TRUST
REPORT OFTHE TRUSTEES
FOR THE YEAR ENOED 31 MARCH 2024
Rlsk & Un¢ertainties
The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in plate to
mitigate exposure to major risks.
External risks to funding have led to further developments of a fundraising and sponsorship plan. which allows for the
diversification of funding and activities and, ultimately, the sustainability of the festival in the long term. Since April 2019.
the Trust engages a dedicated freelance corporate Sponsorship manager. Since 2021. the Trust also runs a Friends &
Patrons scheme to increase year-round donations from individua15. Diversifying income streams is key to the success of
the Festival and thus, the Trust has put in place the necessary measures to ensure certain milestones and KPIS are met.
Internal risks are minimized by the implementation of procedures for authorisation of all transactions and projects and
to ensure consistent quality of delivery for all operational aspects of the charitable company. These procedures are
periodically reviewed to ensure that they still meet the needs of the charitv.
Financial Review- Going concern
The income from core activities for 2023-24 was £216,779 compared to £164,160 In 2022-23. The charity continues to
monltor costs carefully. The dlrectors remain confident with regards to the future ability to meet the Trusts obligatlons
as they fall due. They are satisfied that it is appropriate to adopt the golng concern basis when preparing these accounts.
Reserves Pollcy
The Board of Trustees has examined the charity's requirements for reserves, in light of the main risks to the charity. It
has established a policy whereby the unrestricted funds held by the charity should be at least I month of operating
costs, between £8,000 and £25.000 being the level of funds requlred to cover short term cash flow deficlts caused when
funders pay grants In arrears of expenditure and also to ensure that the charity has sufficient reserves to cover the
statutory costs of enforced closure in the event of a major loss of funding. At the 31 March 2024 the balance sheet was
showing £14,438 of unrestricted funds. The bulk of Activities Generatin8 Funds are held in the last quarter of the year.
The Trustees consider it is appropriate to operate as a Going Concern.
Governance Costs
The Governance Costs for 2023-24 were £4,64912022-23 were £4,987)
SIGNED ON BEHALF OF THE BOARD:
Simon R Jones {Interim Chair)
18 December 2024
Page 5

CAMBRIDGE FILM TRUST
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF CAMBRIDGE FILM TRUST
FOR THE YEAR ENDED 31 MARCH 2024
I report on the accounts for the years ended 31 March 2024 set out on pages seven to thirteen.
Respective responsibilities of trustees and examlner
The charity's trustees (who are a150 the directors for the purposes of company lawl are responsible for the preparation
of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144 of the
Charities Act 20111 and that an independent examination is required.
Having satisfied myself that the charity 15 not subject to audit under company law and is eligible for independent
examination, it is my responsibility to:
examine the accounts under Section 145 of the Charities Act 2011.
to follow the procedures laid down in the General Directions given by the Charity Commission lunder Section
145{5)Ibl of the 2011 Act),. and
to state whether particular matters have come to my attention.
Basls of the Independent examlner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission.
An examinatlon includes a review of the accounting records kept by the charity and a comparison of the accounts
presented with those records. It also includes consideratlon of any unusual Items or dlsclosures In the accounts, and
seeking explanatlons from you as trustees concerning any such matters. The procedures undertaken do not provlde all
the evidence that would be required in an audit, and consequently no oplnion is given as to whether the accounts
present a 'true and fair view, and the report is limited to those matters set out in the statements below.
Independent examlner's statement
In connection with my examination, no matter has come to my attention:
which gives me reasonable cause to believe that, in any material respect, the requirements
to keep accounting records in accordance with Section 386 and 387 of the Companies Act 2006,. and
to prepare accounts which accord with the accounting records, comply with the accounting requirements of
Section5 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of
Recommended Practice.. Accounting and Reporting by Charities have not been met,. or
2 to which. in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be
reached.
rimothy D Brown
Chartered Accountant
50 The Ridings
Surbiton
Surrey KT5 8HQ
18 December 2024
Page 6

CAMBRIDGE FILM TrUST
STATEMENT OF FINANCIAL AcfiviTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Notes Unrestricted
Restricted
2024
2023
Incomlng Resources from generated funds
Total Voluntary Income
Activities for Generdting Funds
Total Incoming Resources
28,874
135,504
164.378
52.401
81,275
135,504
216,779
69,174
94.986
164,160
52,401
Resources Expended
Charitable Actlvltles
Event Cost5
Film Costs
Freelance C05t5
Marketing & Publlc Relatlons
17,827
5,259
24,932
3,555
3,112
14,067
16,861
5,CM)I
20,939
19,326
41,793
8,556
15,692
13,443
39,588
20,098
Other Expenses Ilnc Staff Cost51
Governance Costs
101,468
4,649
14,350
115,818
4,649
87,656
4,987
Total Resources Expended
157,690
53,391
211,081
181,464
Net Incomlng I IOutgoin8) Resour¢es
6,688
{990)
5,698
117,3041
Transfer between funds
Funds brought forward
TOTAL FUNDS CARRIED FORWARD
7.750
14,438
990
8.740
14,438
26,044
8,740
Net Movement in Funds
(6,688)
(990)
5,698
{17,3041
The notes on pages 10- 13 form part of these financlal statements
Page 7

CAMBRIDGE FILM TRUST
BALANCE SHEEf FOR COMPANY REGISTRATION NUMBER 4199742
AT 31 MARCH 2024
2024
2023
Flxed Assets
Tangible Assets
Current Assets
Debtors
Bank & Cash
2,649
38,855
41,504
13,968
16,005
29,973
Creditors: Amounts falling due within one year
27.066
21,233
NET CURRENT ASSETS/ ILIABILITIES}
14,438
8,740
Creditor5: Arnounts falling due after one year
TOTAL ASSETS LESS TOTAL LIABILITIES
14.438
8,740
Funds
Restricted funds
Unrestricted funds
990
7,750
14,438
TOTAL FUNDS
14,438
8,740
The notes on pages 10- 13 form part of these financial statements
Page 8

CAMBRIDGE FILM TRUST
BALANCE SHEEf- CONTINUED
AT31 MARCH 2024
The charitable company is entitled to exemption from audit undersection 477 of the Companies Act 2006 for the period
ended 31 March 2024.
The members have not required the charitable company to obtain an audit of its financial statements for the period
ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(al
ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the
Companies Act 2006 and
preparing financial statements which give a true and fair view of the state of affairs of the charitable company
a5 at the end of each financial year and of its surplus or deficit for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirernents of the Companies
Act 2006 relating to financial statements. so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies
Art 2006 relating to small charitable companies and with the Financial Reporting Standard for Smaller Entities {effective
April 20081.
The financlal statements were approved by the Board of Trustees on 18 December 2024 and were signed on its behalf
by:
Simon R Jones Ilnterim Chairl
Registered Company Number 4199742
The notes on pages 10- 13 form part of these financial statements
Page 9

CAMBRIDGE FILM TRUST
NOTES TO THE FINANCIAL sfATEMENTS
AT 31 MARCH 2024
I. ACCOUNTING POLICIES
Basls of preparing the flnancial ststements
The atcounts are prepared on a going concern basis. The directors believe the going concern basis of accounting is
appropriate because there are no material uncertainties related to events or conditions that may cast Slgnificant
doubt about the ability of the company to continue a5 a going concern.
Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entitie5 (effective April 2CM)81, the Companies Act 2006 and the
requirements of the Statement of Recommended Practice. Accounting and Reporting by Charities ISORP 20051.
p￿paratIOn of consolidated flnanclal statements
The financial statements contain information about Cambridge Film Trust as an individual charity and do not contain
consolidated financial information as the parent of a group. The charity has taken the option under Section 398 of
the Companies Act 2006 not to prepare consolidated financial statements.
Incomlng resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the
income and the amount can be quantified with reasonable accuracy.
Grants are recognised in the Statement of Financlal Activitles In the year in whlch they are receivable.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost
related to the category. Where costs cannot be directly attrlbuted to partlcular headlngs they have been alloc3ted
to activities on a basis conslstent with the use of resources. Governance costs are those incurred with the
administration of the charity and compliance with constitutional and statutory requirements.
Tanglble fixed assets
Depreciation is provided at the followlng annual rates in order to write off each asset over its estimated useful life.
Plant and machinerv
25% reducing balance
Motor Vehicles
25% reducing balance
Computer Equipment
33% straight line
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accountlng
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions
arise when Specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Forei8n currencles
Assets and liabilities In foreign currencies are translated into sterling at the rates of exchange ruling at the balance
sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of
transaction. Exchange differences are taken into account in arriving at the operating result.
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
Page 10

CAMBRIDGE FILM TRusr
AT 31 MARCH 2024
2. RESTRicfED FUNDS
Included within Voluntary Income are Restricted Funds. Financial transactions in the year relating to the restricted
funds of the charity were as follows:
Income
2024
2023
Institut Ramon Llull / Camera Catalonia at CFF
BFI Powell & Pressburger Season 2023 IBFI Horror Season
2022)
ICO Film Hub South East BFI - Film Festival 2023 {2022)
Cambridgeshire Community Foundation- Education
Programme 2023-24 (including Youth Lab)
Britford Bridge Trust- Education Programme 2023
The London School Trust- Education Programme 2023
Cambridge City Council - Youth Lab 2023-2024
Herefordshire Community Foundation - Youth Lab 2023
The Cole Trust- Youth Lab 2023-2024
Postcode Places Trust- Youth Lab 2024
4,601
3,058
2,OCrf)
500
23.000
25.000
8,000
3,000
5,000
1,000
2.000
2,200
1,500
3,100
52,401
All Restricted Funds
31,558
3. ACTIVITIES FOR GENERATING FUNDS
2024
2023
Box office income
39,849
5,823
54,547
35,285
29,213
2,149
39,852
23.772
Events and other Income
Sponsorship
Submission fees
135,504
94,986
4. TRUSTEES, REMUNERATION AND BENEFITS
2024
2023
Trustees, remuneration & Expenses
Independent Examiners Fees
NIL
NIL
300
300
5. STAFF COSTS
2024
2023
Salaries & Nl
82,047
1.832
74,735
1,026
Pension
83,879
75,761
Average Staff Numbers
Management Team
2024
2023
There were no employees with emoluments above £60,000
Page 11

CAMBRIDGE FILM TRUST
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
AT 31 MARCH 2023
6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade debtors
446
12.060
Taxation and social security
Prepayments
2,203
2,649
1,909
13,969
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade creditors
Taxation and social security
Accruals and deferred Income
1,644
2,362
23,060
3,440
3.254
14,539
27,066
21,233
Deferred income includes £9,3(M) from the Postcode Place5 Trust- Youth Lab 2024 Grant.
Net
movement
in funds
At31
March
2024
At IApril
2023
8. MOVEMENT IN FUNDS
Restricted fund
Unrestricted fund
990
19901
6,688
5,698
7,750
8,740
14,490
TOTAL FUNDS
14,438
Net movement in funds, included in the above are as follows:
Incoming
Resources
Resources
expended
Movemen
t in Funds
Restricted fund
52,401
164.378
53,391
157.690
(990)
6.688
Unrestricted ftjnd
TOTAL FUNDS
216.779
211.081
5.698
9. ULTIMATE CONTROLLING PARTY
During the year the Trust was controlled by the trustees.
Page 12

CAMBRIDGE FILM TRUST
DEfAILED STATEMENT OF FINANCIAL AcfiviTIES
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Incomlng Resources
Voluntary Income
Donation5 from Individuals
Grants/Donations from Companies
28,874
52,401
81.275
37,616
31,558
69,174
Artivltles for Generating Funds
Box Office Income
Events and other Income
Sponsorship
Submission Fees
39.849
5,823
54,547
35,285
135,504
29,213
2,149
39,852
23,772
94,986
Total Incomlng Resources
216,779
164,160
Resources Expended
Event Costs
Film Costs
Freelance Costs
Marketing & Public Relations
Website Costs
Wages & NIC
Equipment Hire & Small Equlpment Purchase
Travelling & Hospitality
Bank Charges
Other
Insurance
Governance Costs (Accountancy, Bookkeeping and Examinatlonl
Total Resources Expended
20,939
19,326
41,793
8,556
12,711
83,879
65
11,478
182
5,819
1,684
4,649
211,081
15,692
13,443
39,588
7,506
12,592
75,761
6,763
192
3,111
1,829
4,987
181,464
Surplus I (Deficit)
5.698
{17.304)
Page 13