## **LONDON KURDISH FILM FESTIVAL (LKFF)** ## **STATEMENT OF FINANCIAL ACTIVITIES** |NOTES
**INCOMING RESOURCES**
Subscription and Donations
2
Sponsorships
Ticket Sales
Grants
Crowdfunding
**TOTAL INCOMING RESOURCES**
Direct Charitable Expenditure
3
Management and Administration
4
**TOTAL RESOURCES EXPENDED**
**NET INCOMING RESOURCES/**
**(RESOURCES EXPENDED)**
**TOTAL FUNDS B/F**
**TOTAL FUNDS C/F**|**Unrestricted**
**Funds**
**£**
2,558
15,862
8,037
3,750
**30,207**
25,338
2,488
27,826
**2,381**
20,029
**22,410**|**Restricted**
**Funds**
**£**
-
**-**
-
-
**-**
-
**-**|**Total**
**01/07/2023**
**£**
2,558
15,862
8,037
3,750
-
**30,207**
25,338
2,488
27,826
**2,381**
20,029
**22,410**|**PE 01/07/22**
**£**
475
3,917
2,000
**6,392**
2,815
2,411
5,226
**1,167**
18,862
**20,029**| |---|---|---|---|---| There were no recognised gains or losses for 2022 or 2023 other than those in the Statement of Financial Activities. The attached notes form part of these financial statements 5 ## **LONDON KURDISH FILM FESTIVAL (LKFF)** ## **BALANCE SHEET AS AT 01.07.2023** |NOTES
**FIXED ASSETS**
Tangible Fixed Assets
5
**CURRENT ASSETS**
Cash at bank and in hand
**Other Creditors**
Total
**TOTAL NET ASSETS**
**FUNDED BY:**
Balance brought forward
Surplus for the year
**TOTAL FUNDS C/F**|**YE 01.07.2023**
**£**
-
20,029
-
-
**20,029**
20,029
2,381
**22,410**|**PE 01.07.2022**
**£**
-
18,862
-
-
**18,862**
18,862
1,167
**20,029**| |---|---|---| Approved by the Management Committee and signed on its' behalf. ..................................................... Ferhan Sterk Chairperson Date: 02.07.23 6 ## **LONDON KURDISH FILM FESTIVAL (LKFF)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 01 JULY 2023** ## **1. ACCOUNTING POLICIES** ## **Accounting Convention** The financial statements are prepared under the historic cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities. ## **Incoming Resources** Sundry incomes are accounted for as received by the organisation. All other income is accounted for in an accruals basis. No permanent endowments have been received in the year. ## **Resources Expended** Expenditure is accounted for an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headins they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible Fixed Assets** Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. Eqquipments, Fixtures & Fittings 25% straight line ## **Taxation** The charity is exempt from corporation tax on its charitable activities. Value Added Tax is not recoverable by the organisation, and as such is included in the relevent costs in the Statement of Financial Activitivities. ## **Management and Administrative Expenditure** Expenditure on management and administration of the organisation includes all expenditure not directly related to the charitable activities or fund-raising ventures. This includes office running costs and accountancy fees. 7 ## **LONDON KURDISH FILM FESTIVAL (LKFF)** ## **INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 01.07.2023** |**INCOME**
**£**
-
Sponsorships
15,862
Subscription and Donations
2,558
Ticket Sales
8,037
Grants
3,750
Crowdfunding
**EXPENDITURE**
Advertising and Marketing
4,297
Bank Charges and Interest
179
Digital and Streaming
-
Film Hire and Costs
3,366
Other Event Costs
7,724
Travel and Subsistence
3,265
Software Subscriptions
300
Staff Costs
3,394
Website Costs
1,651
Equipment
1,475
Printing
2,175
**EXCESS INCOME OVER EXPENDITURE**|**£**
30,207
27,826
**2,381**| |---|---| 9 ## **LONDON KURDISH FILM FESTIVAL (LKFF)** **Accountants' Report to the Trustees of London Kurdish Film Festival (LKFF) For the period 02.07.2022 - 01.07.2023** As described on page 2 of this report you are responsible for the preparation of the accounts for the period ended 01.07.2021 in accordance with applicable law and regulations. You are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. In accordance with instruction given to us, we have complied these unaudited accounts in order to assist you to fulfil your statuary responsibilities, from accounting records and information and explanations supplied to us, we report that they are in accordance with therewith. Date: 02.07.23 Akademi Accountancy 59-60 The Market Square London N9 0TZ 10