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2025-03-31-accounts

FILM NATION UK TRADING AS INTO FILM (A company limited by guarantee)

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Company Number: 08210217 Charity Number: 1154030

FILM NATION UK

(A company limited by guarantee)

CONTENTS

Page
Reference and Administrative Information 1
Chairman’s Report 2
Directors’ and Trustees’ Report incorporating Strategic Report 4
Independent Auditor’s Report to the Members 18
Statement of Financial Activities 22
Balance Sheet 23
Statement of Cash Flows 24
Notes to the Financial Statements 25

FILM NATION UK (A company limited by guarantee)

DIRECTORS’ AND TRUSTEES’ REPORT INCORPORATING THE STRATEGIC REPORT

FOR THE YEAR ENDED 31 MARCH 2025

Reference and Administrative Information

Charity Name Film Nation UK (trading as Into Film) Company Registration Number 08210217 Charity Registration Number 1154030 Registered Office 31 Islington Green London N1 8DU Auditors Cooper Parry Group Limited Cubo Birmingham 4th Floor Two Chamberlain Square Birmingham B3 3AX Bankers Barclays Bank plc 27 Soho Square London, W1D 3QR

Board of Trustees

Members of the Board of Trustees, who are directors for the purpose of company law and Trustees for the purpose of charity law, who served during the year and up to the date of this report are set out below:

Ms B D Broccoli CBE Ms G McKenna Ms L Bryer OBE Ms A A A Mensah Ms J Chan Ms E A Mitchell Mr E N Fellner CBE Mr C J Needham Mr J A Graydon ACA* Ms N Park Ms V Kwan Vandenberg Ms L Williams Ms D Lewis-Egonu

Senior Management Team

Chief Executive

Chief Executive Fiona Evans Paul Reeve MBE (resigned April 2024) Chief Technology Officer Alan Reitsch Director of Communications & Development Mark Frodsham Director of Programme Delivery Jane Fletcher Director of Finance & Operations Will Elkerton

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FILM NATION UK (A company limited by guarantee)

CHAIRMAN’S REPORT

FOR THE YEAR ENDED 31 MARCH 2025

As Chair of Into Film, I’m delighted to introduce this year’s Annual Report – a reflection of the energy and commitment that drives our work to inspire young people to learn and realise their creative, cultural and career aspirations through film.

Under the leadership of new CEO, Fiona Evans, and her team, 2024–25 has been a year of growth and greater impact across our rich and diverse programme of film learning, screen industry careers and practical filmmaking. As one of the largest arts education organisations operating in UK education, Into Film is known for working at scale, but this year we have introduced more targeted projects to ensure a greater number of children and young people from underserved communities benefit from our programme. The impact of these projects on the young people that we support, and the programme in general, are highlighted in this report.

As a film producer, I am particularly proud of our filmmaking programme, which offers young people a rare opportunity to work with professional filmmakers and bring their stories to the big screen. 28 projects across the UK were greenlit in 2024–25 through our Every Child a Filmmaker initiative, supporting 300 young filmmakers to take their first steps into the screen industries. That coupled with our support for a further 822 filmmaking projects shows how big an impact National Lottery funding can deliver.

The Into Film Festival once again illustrated our extensive reach into UK schools, hosting 356,000 pupils across 2,500 venues. To see the UK film industry come together under the stewardship of Cinema First to achieve the world’s largest event of its kind is brilliant to see, especially for the 40,000 children and young people who were given the opportunity to visit a cinema for the first time. There is no better initiative in the UK for audience development.

This year, we focused on public affairs and advocacy work as never before. With the arrival of a new government, we seized the opportunity to strengthen our voice and expand our influence across all programmes. From responding to landmark policy consultations, to building stronger relationships with sector partners in all four nations, we have enhanced our reputation as a trusted advocate for film, games and TV in education and the creative industries.

I’m excited to look ahead to the coming year and the many opportunities that lie ahead as our programme continues to evolve. As the lead partner for Discover Creative Careers in Scotland and Wales, Into Film will support thousands of young people to take their first steps towards high-growth sectors, like the creative industries, that contribute £124bn to the UK economy. We will deliver more targeted in-person careers and filmmaking activity, expand our gaming projects beyond Northen Ireland and strengthen our position as the go-to-place for screen industry careers in schools.

To everyone who has made this work possible – the BFI awarding National Lottery Good Causes funding, Cinema First and Northern Ireland Screen, alongside many other industry partners and funders. And of course, to the thousands of educators, children and young people who engage with our programme on a daily basis; a huge thank you to you all.

Eric Fellner Chairman

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FILM NATION UK (A company limited by guarantee)

With thanks to:

British Film Institute The National Lottery Cinema First Northern Ireland Screen

And all our valued studio partners, exhibition and distribution partners and individual supporters.

Our film industry ambassadors:

Amma Asante Ruby Barnhill Jamie Dornan Thaddea Graham Rhys Ifans Katie Leung Lashana Lynch Matthew Rhys Amani Simpson Cornelius Walker

Sir Kenneth Branagh Lynwen Brennan Sally El Hosaini Naomie Harris Celyn Jones Jack Lowden Eddie Redmayne Dougray Scott Michael Sheen

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FILM NATION UK (A company limited by guarantee)

DIRECTORS’ AND TRUSTEES’ REPORT INCORPORATING THE STRATEGIC REPORT

FOR THE YEAR ENDED 31 MARCH 2025

The Trustees present their annual report and audited financial statements for the year ended 31 March 2025. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.

Objectives and Activities

Objectives

Into Film is the UK’s leading charity for film in education and the community. We provide screen industry careers information and advice, support young filmmakers, and bring the power of moving image storytelling into classroom teaching.

We also run the annual Into Film Festival, which enables more than 300,000 pupils to visit the cinema for free, and the Into Film Awards - the UK’s leading showcase for young filmmaking talent.

The core Into Film programme is free for UK state schools, colleges and other youth settings, thanks to support from the British Film Institute (BFI), awarding National Lottery funding, and through other key funders including Cinema First and Northern Ireland Screen.

Our vision – Film enriches the life of every child and young person.

Our mission – To inspire and support young people to learn, and to realise their creative, cultural and career aspirations through film and the moving image.

The charitable organisation’s objects, as set out in its Articles of Association, are:

Public benefit

The Trustees have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the charitable company’s aims and objectives and in planning future activities. In particular, the Trustees have considered how planned activities will contribute to the aims and objectives set.

As a result of support from our principal funders, the BFI, Cinema First and Northern Ireland Screen, we deliver our core programme free of charge. Moving the financial barrier at this time of austerity and squeezed school budgets is a key factor behind our success in reaching scale and achieving inclusion and diversity within the school system.

Use of volunteers

All Into Film Club leaders give their time to run clubs on a voluntary basis. Into Film also works with actors, directors, producers and many other professionals from the screen industries who give their time on a voluntary basis.

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FOR THE YEAR ENDED 31 MARCH 2025

Key achievements, performance, and impact

YEAR AT A GLANCE

SCREEN INDUSTRY CAREERS

The Into Film Screen Industry Careers programme sets out to demystify the screen industries amongst 11– 18-year-olds, with a particular focus on underrepresented and underserved groups. In 2024–25, we worked with educators and careers professionals to maximise our reach, providing information, training and resources, alongside direct engagement with young people aged 13–18 via our fast-growing Get Into Film social media channels.

Impact[1]

Demand for our screen careers offer far outstripped 2023–24 with 12,256 careers-specific teaching resources downloaded (665 per cent increase on 2023-24) and 1,441 careers professionals and educators trained (367 per cent increase on 2023–24). This is despite many school-based careers leads reporting they have less than an hour a week to focus on their careers role and with multiple industries competing for time in their careers programme[2] . We estimate a reach of 269,670 children and young people through our careers resources in 2024–25.

1 Into Film monitoring data 2024–25.

2 Eric/BFI report – What’s Stopping Young People from Pursuing Careers in the Screen Industries, 2022.

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Key achievements, performance, and impact (continued)

Outcomes for educators

User feedback showed that our careers offer enhanced the capacity of careers professionals and educators to provide careers information, advice and guidance on the screen industries, and increased young people’s awareness, confidence and ability to make informed choices about careers in the sector. In a March 2025 survey[3] of careers leads that had engaged with into Film’s Careers and Progression programme:

All 25 respondents rated the Into Film careers offer as valuable in supporting them in their role, ten rating it extremely valuable. 19 agreed (ten strongly) that Into Film is the first place that careers leaders should go for information to support young people with careers in the screen industries.

Careers leads gave a very positive view of the impact of the available careers resources for screen industries after using Into Film’s offer. While beforehand, a third had rated the available choice as less than adequate, after using Into Film’s offer, just one respondent found the choice inadequate, while 21 found it to be good or excellent.

“Previously I spent a lot of time searching for good, up-to-date careers website[s]. Now I use Into Film.” Into Film careers survey participant

“It is a great resource which significantly promotes the industry in a way I have not seen before and is not rivalled by many other sectors.”

Into Film careers survey participant

3 Into Film educator survey .

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Key achievements, performance, and impact (continued)

Outcomes for young people

Hosted on social media platforms (TikTok and Instagram), the Get Into Film strand of the Into Film programme is directed at young people aged 13–18 outside of school settings. These channels feature a wide range of content that inspires, informs and supports young people who are interested in screen industry careers and filmmaking, and in 2024–25 they grew by 53 per cent and gained more than 3,000,000 content views.[4]

An independent review of our Get Into Film channels in February 2025[5 ] found that the content hosted had opened respondents’ eyes to potential roles in the screen sectors and improved their understanding of the roles available:

We also ran a number of in-person and virtual work experience events which built on our successful ScreenWorks model, enabling students to gain knowledge of the roles on offer and see a pathway into the industry for themselves. Our Sheffield in-person work experience initiative hosted 19 Year 12 students from four local schools, with more than half of participants coming from underrepresented backgrounds. The programme offered practical experiences, creative challenges and direct engagement with a diverse range of industry professionals. 100 per cent of participants reported a good or excellent understanding of screen careers after the programme, and that the experience had enhanced their confidence in making decisions about future career paths[6] .

“I thought it was really fun to see just how many people work on a film. There are so many jobs that I just didn’t know about, so it was great to find out about them.”

Attendee, careers webinar, Routes into Visual Effects with BAFTA Scotland, March 2025

TEACHING WITH FILM

Teaching with Film is a UK-wide programme that supports educators to embed film in daily teaching to deepen learning, broaden cultural understanding and boost engagement. By combining teacher-created resources, an expertly curated, school-specific streaming service, and in-depth teacher training, the programme makes it easier for teachers to bring the power of film into the classroom.

At the core of the programme is a growing collection of over 1,400 free, curriculum-linked teaching resources designed to work across subject areas and age groups from 5–19. They include detailed lesson plans, activity sheets, presentation slides and pupil-facing materials. All resources are complemented by Into Film+, the UK’s only schools-focused streaming platform, offering 700 plus licensed heritage, world cinema, documentary and animated titles. This enables all state schools, regardless of size, location or budget, to integrate film into their curriculum in a way that is purposeful, inclusive and sustainable. In 2024–25 we trained 4,388 educators and hosted classroom resources that were downloaded 118,361 times[7] .

4 Into Film monitoring data 2024–25. 5 Get Into Film evaluation report, Red C (February 2025).

6 Into Film programme evaluation.

7 Into Film monitoring data 2024–25.

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Key achievements, performance, and impact (continued)

Impact

The programme introduced young people to other cultures, perspectives and experiences that can be viewed without judgement, combating narrow perspectives and increasing cultural capital. Pupils experience a wider view of the world and learn more deeply, with improved retention. In a survey of 199 educators who had engaged with Into Film’s Teaching with Film programme:

Educators also reported improved life skills for their learners, something that employers consistently cite as missing, such as teamworking, time management, problem-solving, independent thinking and creativity.

To support high-quality film education, we created a comprehensive suite of resources for educators delivering film studies, moving image arts and related qualifications. These include practical guidance on every stage of the filmmaking process – from pre-production to post – and are supplemented with online courses and expertled webinars offering peer-to-peer insight. We also introduced new film introductions aligned to exam board specifications, which highlight key elements of the film text and include activities to consolidate learning.

Outcomes for educators

Teaching with Film not only impacts students but it also significantly transforms the professional landscape for educators. The programme equips teachers with the tools, confidence, and pedagogical strategies needed to embed film meaningfully into their practice.

Teachers are enthusiastic advocates for its value across the curriculum and school communities. 61 per cent of educators in 2025 stated their training had a positive impact on their students’ attainment levels, with 25 per cent stating it had a significant impact, up from 17 per cent in 2023. This recognition is evident in the strong uptake of training, widespread integration of film into lessons, and a clear appetite for continued professional development[8] .

Teaching with Film builds a confident education workforce capable of inspiring the next generation of visually literate, critically engaged learners[9] . 88 per cent of educators trained in 2024–25 have already embedded the training into their classroom practice, and 94 per cent plan to. Over 90 per cent feel they have gained knowledge, skills and enhanced pedagogy, while 90 per cent now feel confident advocating for film education within their settings[10] .

“Many of our pupils are disengaged and poor literacy impacts both their attainment and self-esteem. Film has been a crucial way of engaging pupils in learning and really does level the playing field.” Teacher, Clackmannanshire Schools’ Support Service

8 Into Film training survey 2025.

9 Into Film Embeddedness training survey 2025

10 Into Film educator survey

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Key achievements, performance, and impact (continued)

INTO FILM FESTIVAL

Supporting our vision of putting film at the heart of children and young people's education, the Into Film Festival is the largest youth-focused free film festival in the world.

Taking place in November 2024, this nationwide initiative welcomed almost 356,009 children, young people and their educators, with over 2,522 events taking place across 485 cinemas. As well as a wide range of feature films, the Into Film Festival hosted 60 special events, including pupil premieres, careers-focused workshops with industry practitioners and Q&As with high-profile actors, producers and directors.

As one of the largest education-focused arts engagement initiatives in the UK, the 2024 edition of the Festival hosted 410 screenings with Hard of Hearing (HOH) subtitles, 210 with audio description and 76 autism-friendly screenings. It welcomed an estimated 40,000 children and young people who had never been to the cinema before.

“I really appreciate yours and the cinema staff’s efforts to put in additional provision to support my ASN pupils. It means so much to staff that our pupils were able to access the cinema just like every other child. Their beaming faces were a picture – they felt like true VIPs! Thank you so much .” Emily Collins, Rowanfield School, Edinburgh

SPRING SCREENING PROGRAMME

2024–25 saw our largest Spring Screening programme to date with 685 screenings, 12 live events and a final attendance of 85,094. Special events included careers talks and workshops, and Q&As with director Duncan Cowles ( Silent Men 2024) and BIFA-nominated hair and make-up artist Kat Morgan.

FILMMAKING

Into Film’s filmmaking programme provided equitable, extracurricular access to filmmaking experiences for children and young people across the UK, with a focus on areas of socio-economic disadvantage, limited cultural infrastructure, and underrepresented voices.

In 2024–25, the programme engaged young people with a range of practical filmmaking activities, fostering both creative and transferable life skills. Many participants – both educators and young people – reported positive outcomes, including enhanced filmmaking knowledge, creative confidence, and greater awareness of career pathways within the screen industries.

We expanded and deepened the programme in 2024–25, offering more resources for schools and youth settings, training for educators, and inspirational content hosted on Into Film+ and our Get Into Film social media channels. In 2024–25, the programme supported practical filmmaking in 822 settings and 4,346 resources were downloaded by educators delivering some form of practical filmmaking activity[11] .

11 Into Film monitoring data

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Key achievements, performance, and impact (continued)

Outcomes for educators and youth leaders

Into Film’s training and resources empowered educators by enhancing their practical understanding and selfassurance, thereby enabling them to confidently support young people to express their creativity through filmmaking. Our content is designed to be highly practical, enabling educators and young people alike to learn quickly and get hands-on practical filmmaking experience in a short space of time.

“It’s given them a real boost of confidence, and it’s an experience a lot of them have never had before so it’s good to have someone believing in them and supporting them.” Youth leader

In a survey sent out to educators participating in the Young Creatives programme (a key part of our filmmaking offer)[12] , the majority agreed that Into Film is their first stop for information, advice, and support in all aspects of filmmaking:

Respondents also cited the involvement of industry professionals, a key part of the Into Film offer, as vital. Direct interaction with professionals from the screen industries was identified as a critical component in enhancing awareness and making careers seem more accessible and tangible. These professionals act as ‘teachers and mentors’ providing practical insights into specific job functions.

Impact on young people

We ignite young people’s passion for filmmaking by equipping their educators and youth leaders with highquality resources, training and support. But our offer goes beyond this – young people can engage directly through our Get Into Film platform, packed with inspiring content, practical tools, and peer-led tips from early career filmmakers. In 2024–25 our Get Into Film social media channels gained 3,190,093 views.

Project evaluation found participants have gained a wide range of technical and creative skills, from lighting and colour grading, to sound design and animation. Participants also reported improvements in teamwork, communication and awareness of careers in film, and many students were inspired to continue working on projects independently.

A consistent theme in our programme evaluation was how filmmaking boosted confidence, both creatively and socially, with all eight students in the focus group feeling ‘more confident creating their own filmed content and being in front of the camera’. This is supported by educator surveys, with 26 of 32 agreeing students gained ‘greater confidence to create their own filmed content’.

“It has improved my confidence in trying new things and embracing creativity.” Pinc College student

12 Into Film monitoring data

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Every Child a Filmmaker

Every Child a Filmmaker is an industry-sponsored and inclusive filmmaking initiative which forms part of our ongoing commitment to give every young person the opportunity to bring their ideas to life through film.

Working closely with professional filmmakers, the initiative supports young people across the UK to make their own short film, learning every element of the filmmaking process along the way - from idea generation, storyboarding and scriptwriting, right through to camera operation, sound recording and editing. Together, they develop the skills they need to tell their stories, bringing new perspectives and unheard voices to the screen, as well as supporting their future aspirations and employability in the screen industries.

In 2024/25 this in-depth filmmaking programme paired 330 young people with 65 professional filmmakers across 28 projects. Post-project evaluation[13] with the young people involved found that:

“On behalf of West Herts College Group and our students, I wanted to say a massive thank you to all involved in the project and for offering our students this great opportunity to create a short film with Into Film. The knowledge and practical skills gained have really inspired and motivated our students.” Kathryn Crawley, Group head of employer liaison at West Herts College

INTO FILM AWARDS

The Into Film Awards is our flagship celebration of young filmmaking talent, offering a platform for 5–19-yearolds from across the UK to express their creativity and tell the stories that matter to them. The Awards is our way of recognising the brilliant talent and creativity among young people across the UK, and winning an Award can be just the first step on an incredible journey into the world of film and beyond.

The 2024 Into Film Awards took place at London's iconic ODEON Luxe Leicester Square. Hosted by actor, writer and director Susan Wokoma, the Awards celebrated the best and brightest young filmmaking talent from across the UK, as well as those who had supported and facilitated their endeavours.

The event featured ten categories, covering live action, animation and documentary, as well as a prize for Filmmaking Champion, in recognition of the industry professionals that had supported young people to make films throughout the year. This year’s Awards was again well supported by a range of industry supporters including Amazon MGM Studios, Paramount Pictures, Lucasfilm, Swatch, Universal Pictures and Walt Disney Studios UK.

“Into Film has played a huge part in encouraging me to keep making animations. Being nominated for 'Ones to Watch' makes all the hours spent animating worthwhile and inspires me to keep developing my stop motion skills.”

Ben Mullan, aged 18, Bedford, England - Ones to Watch winner at the 2024 Into Film Awards

13 Into Film evaluation report for project funders 2024–25

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Key achievements, performance, and impact (continued)

Policy and public affairs

Policy and public engagement was a key focus for into Film during the period covered in this report and we worked hard to influence legislation in a number of areas, including creative education and careers advice for young people.

In November 2024, we submitted a comprehensive response to the Department for Education’s consultation led by the independent Curriculum and Assessment Review panel. Drawing on our own research and input from academics and partners, we made recommendations covering teaching with film and video, creativity in the curriculum, SEND provision and assessment reform. Many of our suggestions were echoed in the Interim Report released in March 2025.

In collaboration with sector partners, we responded to the government’s Industrial Strategy Review, emphasising the need for stronger careers advice and improved work experience opportunities. We also proposed an amendment to the Children’s Wellbeing and Schools Bill, urging the Secretary of State to include guidance for schools on using breakfast clubs as enrichment opportunities, such as hosting film clubs.

A highlight of our policy work in 2024–25 was an invitation for Fiona Evans to join the Prime Minister, Secretary of State for Culture, Media and Sport, young people, and leading charities at Number 10 to discuss the social themes raised in Netflix’s Adolescence (2025). This conversation formed part of the announcement that the programme would be made available to every state school for free through Into Film+.

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Structure, governance, and management

Nature of the governing document

The charitable company is limited by guarantee and does not have share capital. It is governed by its Memorandum and Articles of Association. Film Nation UK is a registered charity, trading as Into Film.

Governance

Into Film has a Board of Trustees, chaired by Eric Fellner CBE. The Board can comprise up to fourteen Trustees, including the Chair. There were thirteen Trustees as of 31 March 2025.

There are two permanent sub-committees: a Finance and Audit committee comprising three Trustees, and a Development committee comprising one Trustee (plus other non-Trustees to help with fundraising), which meet quarterly. Additional expertise-led sub-committees will be created as needs demand.

Trustee induction and training

The founding Trustees are experienced as Trustees and have been instrumental in the development of Into Film. Trustees appointed since formation have been inducted by the Chief Executive using a recently compiled induction manual to ensure a comprehensive view of the organisation, its stakeholders, partners, and the wider context in which Into Film operates. Trustees are regularly kept up to date with changes in relevant legislation and receive training where appropriate to their responsibilities.

Senior management structure

The day-to-day management of Into Film is carried out by the Senior Management team comprising the directors of all departments, led by the Chief Executive. Executive team salaries were made equal at the inception of Into Film when they were benchmarked against equivalent roles in the public sector and other educational charities. Since then, they have increased with inflation, where possible, in-line with the experience in similar sectors.

Equity, equality, diversity and inclusion (EED&I)

Into Film champions inclusion and embraces diversity and difference across both our team and our programmes.

During the year, the EED&I working group continued to meet regularly to monitor a growing EED&I action plan that encompasses all teams and activity across the organisation. There was also regular training for the team which this year focussed on equitable recruitment.

The staff team collaborated on reviewing and strengthening Into Film’s EED&I statement to more clearly show our EED&I are woven throughout what we do and our commitment to:

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Structure, governance, and management (continued)

We have now identified short, medium and long-term EED&I goals, that cover the following areas:

We will collect quantitative and qualitative information to help us monitor and track our progress against these goals.

Risk management

In line with best practice and the requirements of the Charity SORP FRS 102, specific consideration has been given to the identification and management of risk within the organisation. This has resulted in a risk register, detailing priorities of importance with required actions identified to manage the risk. This is reviewed twice a year by the Finance and Audit committee and quarterly by the Senior Management Team.

Principal risks and uncertainties

The main risks facing the charity are:

National Lottery funding is at risk from fluctuations for future National Lottery income, and funding from Cinema First will depend to an extent on the future commercial marketplace. This is mitigated through continued work to further programme impact and dialogue with the BFI regarding approaches to maximising public value; researching where there is potential to continue elements of programme, and introducing new ones, that could attract alternative income sources and use findings to inform the Business Plan; and implementing a fundraising strategy. We also have an established Board Fundraising sub-committee that meets regularly.

Our current National Lottery funding is confirmed until 31 March 2026 when it will be reviewed, with the plan to renew for another three years.

The delivery of the Into Film programme is now through our own streaming service, Into Film+, supported by the Department for Education. The arrangement via our partners, Filmbankmedia, brings in additional funding for an enhanced streaming service and extends the existing film licensing legislation for education organisations to cover streaming (in England only).

There is a risk that the licencing arrangement and funding either ceases or is reduced in future years, which would put pressure on the streaming service and the organisation. This is mitigated by using specialist legal advice and a Board working group to address licensing issues.

Given the overall reduction in funding for cultural and film education activity, securing funds has become harder in the current climate. We monitor fundraising quarterly, with the Director of Communications and Development responsible for commercial income and income from trusts and foundations. However, despite those challenges we continue to bring in additional funds to support our core activities.

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Structure, governance, and management (continued)

Financial review

A summary of the financial results and the work of the Charity are set out below.

Income and expenditure for the year

The Statement of Financial Activities for the year is set out on page 22 of the financial statements. A summary of the financial results and the work of the Charity is set out below.

Total income for Into Film for the year was £6,509,691 comprised mainly of donations and grants from film and education related organisations, with the majority (£4,133,332) being National Lottery funding distributed by the British Film Institute (BFI).

Total expenditure for the year was £6,478,776 which has resulted in a net surplus of £30,915.

The net unrestricted income, including income retained from restricted projects, was a £215,095 surplus which means our freely available reserves have increased to £1,380,475.

Reserves policy

The charity had total funds at 31 March 2025 of £2,131,890. This comprised unrestricted general funds of £1,380,475, designated funds of £410,216 and restricted funds of £341,199.

In accordance with the Charity’s Articles of Association, Film Nation UK may set aside funds for special purposes or as reserves against future expenditure.

Trustees have agreed it is prudent to retain general reserves to cover at least three months of our ongoing overheads, at current levels, which has been calculated as a reserves target of £1,000,000.

This represents an increase from the previous year’s target, when our National Lottery contract stipulated that we would receive six months’ continued funding, no matter when we were informed of a reduction or notice of cessation of funding. Now that clause has been removed from the current National Lottery contract, we cannot rely on continued funding to reduce the burden on reserves and have adjusted the target accordingly.

This level of freely available reserves would be sufficient for Into Film to:

The charity met its reserves target at 31 March 2025. The strategy now is to maintain reserves at their current level.

The reserves target is reviewed annually, and the reserves increased if required and funds are available. Further detail regarding fund balances is given at Note 14 to the financial statements.

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Structure, governance, and management (continued)

Investments

Apart from cash deposits, Into Film does not have investments. Investments are permitted under the Articles of Association, and the Board of Trustees will seek to develop an Association Policy when required.

Fundraising

Into Film does not actively raise funds from the public but does occasionally receive unsolicited donations from individuals or organisations. These are ring-fenced and allocated to specific activity, either at the request of the donor or as suggested by Into Film.

We received no complaints during the year, and measures are in place to protect vulnerable people and other members of the public from unreasonable intrusions on privacy, unreasonable persistent solicitation of fundraising, and placing any undue pressures on anyone for fundraising.

We do employ a small fundraising team who work mainly on securing income from trusts, foundations, and corporate bodies.

Looking to the future

Into Film’s strategy identifies the following objectives:

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Responsibilities of the Trustees

The Trustees (who are also the directors of Film Nation UK for the purposes of company law) are responsible for preparing the Directors’ and Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the Trustees are aware:

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of the financial statements may differ from legislation in other jurisdictions.

This report has been prepared taking advantage of the exemptions for small companies in section 15 of the Companies Act 2006.

Auditors

Cooper Parry Group Limited has expressed its willingness to continue in office and will be proposed for reappointment at the Annual General Meeting.

Approved by the Board of Directors on 12 November 2025 and signed on behalf of the Board:

Eric Fellner Chairman

Page 17

FILM NATION UK (A company limited by guarantee)

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES

OF FILM NATION UK

Opinion

We have audited the financial statements of Film Nation UK (“the charitable company”) for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows, and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Page 18

FILM NATION UK (A company limited by guarantee)

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES

OF FILM NATION UK - continued

Other information

The Trustees are responsible for the other information. The other information comprises the information included in the report of the Trustees, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors’ and Trustees’ Annual Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Page 19

FILM NATION UK (A company limited by guarantee)

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES

OF FILM NATION UK - continued

Responsibilities of Trustees

As explained more fully in the Statement of Trustees' Responsibilities set out on page 17, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our assessment focused on key laws and regulations the charitable company has to comply with, and areas of the financial statements we assessed as being more susceptible to misstatement. These key laws and regulations included but were not limited to compliance with the Companies Act 2006, Charities Act 2011, taxation legislation, data protection and employment legislation.

We are not responsible for preventing irregularities. Our approach to detecting irregularities included, but was not limited to, the following:

Page 20

FILM NATION UK (A company limited by guarantee)

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES

OF FILM NATION UK – continued

Auditor's responsibilities for the audit of the financial statements (continued)

Whilst considering how our audit work addressed the detection of irregularities, we also considered the likelihood of detection based on our approach. Irregularities arising from fraud are inherently more difficult to detect than those arising from error.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission, or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members and Trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members and trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Glen Bott FCA

Senior Statutory Auditor for and on behalf of:

Cooper Parry Group Limited

Statutory Auditor Cubo Birmingham 4th Floor Two Chamberlain Square Birmingham B3 3AX

Date: 15 December 2025

Page 21

FILM NATION UK (A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (incorporating an income and expenditure account)

FOR THE YEAR ENDED 31 MARCH 2025

Notes
INCOME FROM:
Donations and legacies
2
Other trading activities
3
Investments
4
Charitable activities
5
Total income
EXPENDITURE ON:
Costs of generating funds
Charitable activities
Total expenditure
6
NET INCOME/ (EXPENDITURE) FOR
THE YEAR
Transfer between funds
14
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS
Total funds brought forward at 1 April
14
Total funds carried forward at 31 March
14		 Unrestricted
Funds
£
Restricted
Funds
£
2025
Total
£
2024
Total
£
81,923
-
81,923
88,859
1,832,574
- 1,832,574 2,253,935
31,926
-
31,926
62,827
4,316,332
246,936 4,563,268 4,544,206
6,262,755
246,936 6,509,691 6,949,827
86,823
-
86,823
39,578
6,174,989
216,964
6,391,953
6,084,458
6,261,812
216,964
6,478,776 6,124,036
943
29,972
30,915
825,791
(219,594)
219,594
-
-
(218,651)
249,566
30,915 825,791
2,009,342
91,633
2,100,975
1,275,184
1,790,691
341,199
2,131,890
2,100,975

All income and expenditure derive from continuing activities.

The statement of financial activities incorporates all gains and losses recognised in the above two financial periods.

The notes on pages 25 to 38 form part of these financial statements.

Page 22

FILM NATION UK (A company limited by guarantee)

BALANCE SHEET

COMPANY No. 08210217

AS AT 31 MARCH 2025

Notes
FIXED ASSETS
Tangible fixed assets
11
Investments
20
CURRENT ASSETS
Debtors
12
Bank and cash balances
CREDITORS: Amounts falling due within one year
13
NET CURRENT ASSETS
NET ASSETS
Represented by:
Unrestricted - general funds
14
Unrestricted - designated funds
14
Restricted funds
14		 2025
£
2024
£
45,823
49,180
-
-
45,823
49,180
714,151
734,630
2,032,675
1,724,337
2,746,826
2,458,967
(660,759)
(407,172)
2,086,067
2,051,795
2,131,890
2,100,975
1,380,475
1,165,380
410,216
843,962
341,199
91,633
2,131,890
2,100,975

The financial statements were approved by the board of directors on 12 November 2025 and are signed on its behalf by:

Eric Fellner Chairman

The notes on pages 25 to 38 form part of the financial statements.

Page 23

FILM NATION UK (A company limited by guarantee)

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2025

Notes
Net cash used in operating activities
17(a)
Cash flow from investing activities
Interest received
4
Capital expenditure
11
Net cash provided by/(used in) investing activities
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at 31 March 2025
Cash and cash equivalents at 31 March 2024
Cash and cash equivalents consist of:
Cash at bank and in hand		 2025
£
2024
£
297,235
333,146
31,926
62,827
(20,823)
(50,527)
11,103
12,300
308,338
345,446
2,032,675
1,724,337
1,724,337
1,378,891
2,032,675
1,724,337

Page 24

FILM NATION UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

Basis of preparation

Film Nation UK (trading as Into Film) is a charity limited by guarantee in the United Kingdom. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity’s operations and principal activities are in education among children and young people using film as a learning tool.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in Sterling, which is the functional currency of the charity.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Incoming resources

All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably, and it is probable that the income will be received.

No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102).

Voluntary income by way of grants, donations and gifts is included in full in the Statement of Financial Activities when receivable and when the amounts are known with certainty and are measurable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charitable company, are recognised when it becomes unconditionally entitled to the grant.

Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably, and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity. For example, the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure.

Incoming resources from grants, where related to performance and specific deliverables, are accounted for as the charitable company earns the right to consideration by its performance. Where income is received in advance of performance it is treated as deferred income and included within creditors.

The charitable company receives government grants in respect of its award from the British Film Institute. Income from government and other grants are recognised at fair value when the charitable company has entitlement after any performance conditions have been met, it is probable that the income will be received, and the amount can be measured reliably. If entitlement is not met, then these amounts are deferred.

Page 25

FILM NATION UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies (continued)

Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required, and the amount of the obligation can be measured reliably.

Charitable expenditure comprises those costs incurred by the charitable company in the delivery of its activities and services for its beneficiaries.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charitable company and include audit fees and costs linked to the strategic management of the charitable company.

All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity comprise both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Fund accounting

Restricted funds

Restricted funds represent grants and donations received which are subject to restrictions on their expenditure imposed by the donor or through the terms of an appeal. The aim and use of each restricted fund are set out in the notes to the financial statements.

Unrestricted funds and designated funds

Unrestricted funds represent funds that are expendable at the discretion of the directors in the furtherance of the objects of the charitable company. Such funds may be held in order to finance both working capital and capital investment.

Designated funds are those funds which are unrestricted in nature, but which have been designated by the directors to be used in a particular manner.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Fixtures, fittings & equipment 4 years straight line Plant & machinery etc. 3 years straight line

Assets purchased which are under £500 are expensed to the Statement of Financial Activities.

Page 26

FILM NATION UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies (continued)

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Recognition of liabilities

Liabilities are recognised when an obligation arises to transfer economic benefits as a result of past transactions or events.

Employee benefits

When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in for that service.

The charity operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Redundancy and termination payments

Employees with two years’ continuous employment made redundant will be entitled to a statutory redundancy payment. The amount of a statutory redundancy payment is calculated according to a formula based on the employee's age, length of service and week's pay. In certain circumstances a non-statutory payment can also be made.

VAT

VAT is only partially recoverable by the charitable company. Any irrecoverable VAT is included within the relevant costs in the Statement of Financial Activities.

Tax

The charitable company meets the definition of a charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

Going concern

The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure are sufficient with the level of reserves for the charity to be able to continue as a going concern.

Page 27

FILM NATION UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Donations and legacies 2025 2024
£ £
Donations 81,923 88,859

2 Donations and legacies

All of the income received in respect of donations and legacies was attributable to unrestricted funds in both the years ended 2025 and 2024.

3
Other trading activities
Cinema First
Sponsorship
Earned income		 2025
£
2024
£
435,000
435,000
85,895
315,000
1,311,679
1,503,935
1,832,574
2,253,935

All of the income received in respect of other trading activities was attributable to unrestricted funds in both the years ended 2025 and 2024.

4 Investments 2025 2024
£ £
Bank interest receivable 31,926 62,827

All of the income received in respect of investments was attributable to unrestricted funds in both the years ended 2025 and 2024.

Page 28

FILM NATION UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

5
Income from charitable activities
Restricted
Northern Ireland Screen
ScreenSkills
British Council
Screen Scotland
Warner Bros.
Cardiff Council
Sub-total
Unrestricted
BFI grants receivable
Northern Ireland Screen
Sub-total
Total		 2025
£
2024
£
199,262
174,000
24,180
22,873
10,000
-
8,000
-
3,000
31,000
2,494
-
246,936
227,873

4,133,332
4,133,333
183,000
183,000
4,316,332
4,316,333
4,563,268
4,544,206

Three grants totalling £12,400,000 were awarded to Into Film by the British Film Institute (BFI) for an initial three-year period commencing 1 April 2023, to be drawn down equally across the period.

Page 29

FILM NATION UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

6 Analysis of expenditure on charitable activities

Costs of generating income
Salaries, pensions and other
staffing costs
Direct costs
Commercial activity
Communications and PR
Content
Digital
Events and Into Film Festival
Filmmaking
Programme delivery
British Council (Cámara Chica)
Paul Hamlyn (Film for Learning)
NI Screen (ScreenWorks & capital grant)
ScreenSkills (Trailblaze)
Warner Bros.
Cardiff Council
Screen Scotland
Overhead costs
Customer Relationship Manager (CRM)
Finance
Human Resources
Information Technology
Offices and premises
Strategy & Planning
Governance(note 7)		 Unrestricted
Funds
£
Restricted
Funds
£
2025
Total
£
2024
Total
£
86,823
-
86,823
39,578
56,031
-
56,031
46,132
651,026
-
651,026
541,574
394,841
-
394,841
284,612
1,055,301
-
1,055,301
1,214,618
403,575
-
403,575
224,602
335,374
-
335,374
77,528
1,754,358
-
1,754,358
1,584,325
-
8,442
8,442
19,815
-
-
-
6,138
-
171,540
171,540
177,723
-
13,771
13,771
2,876
-
19,494
19,494
7,500
-
2,494
2,494
-
-
1,223
1,223
-
86,207
-
86,207
75,470
178,226
-
178,226
201,402
212,083
-
212,083
298,647
233,555
-
233,555
394,948
337,917
-
337,917
332,400
361,515
-
361,515
475,326
114,980
-
114,980
118,822
6,261,812
216,964
6,478,776
6,124,036

Page 30

FILM NATION UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

7
Governance costs
Audit & Accounting fees
Salaries
8
Net expenditure for the year
Net expenditure is stated after charging:
Depreciation of owned assets
Insurance: Trustees’ and senior staff indemnity insurance
Audit fees – current year
Operating lease rentals
 2025
Total
Funds
£
2024
Total
Funds
£
34,582
41,238
80,398
77,584
114,980
118,822
2025
£
2024
£
24,180
23,376
9,535
9,535
19,750
19,750
112,415
89,340

Into Film operates a salary sacrifice contribution pension scheme in respect of its employees. The scheme and the assets are held by independent managers.

In October 2017, the charity implemented auto-enrolment for all its staff, increasing the number of employees using the pension scheme. At 31 March 2025, a total of 71 employees participated in these schemes (2024: 65). The charitable company will match the percentage contribution by the employee, up to a maximum of 5 per cent of salary.

The pension charge in the year was £288,688 (2024: £257,621) and at the year-end there were £25,540 contributions payable (2024: £21,905).

10
Staff costs
Wages and salaries
Social security costs
Pension costs
Redundancy costs		 2025
£
2024
£
3,103,374
2,812,398
331,800
326,191
288,688
257,621
-
220,276
3,723,862
3,593,862

The wages and salaries cost during the year includes amounts paid to one employee relating to a nonstatutory termination payment of £15,600.

Page 31

FILM NATION UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

10 Staff costs (continued)

Number of employees

The average monthly numbers of employees (excluding the Trustees) during the year, calculated on an average headcount basis was as follows:

Chief Executive’s office
Communications and PR
Digital
Education
Partnerships and Strategy
Finance and Operations		 2025
Number
2024
Number
2
2
15
12
10
10
34
33
9
10
5
5
75
72

The number of employees whose emoluments amounted to £60,000 or more in the year was as follows:

2025 2024
Number Number
£60,001 - £70,000 3 -
£70,001 - £80,000 4 4
£80,001 - £90,000 - -
£90,001 - £100,000 2 1
£100,001 - £110,000 - 1
£110,101- £120,000 - 1

Pension contributions in respect of the nine higher paid staff were £27,477 (2024: seven higher paid staff were £26,396).

No salaries or wages have been paid to Trustees during the year (2024: £nil).

No charity Trustee received payment for professional or other service supplied to the charity (2024: £nil).

The total amount of employee benefits received by key management personnel is £542,314 (2024: £593,459). The key management personnel consist of six individuals (2024: six): the outgoing Chief Executive Officer, incoming Chief Executive, Director of Programme Delivery, Director of Finance and Operations, Chief Technology Officer, and Director of Marketing and Communications.

Page 32

FILM NATION UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

11
Tangible fixed assets
Costs
As at 1 April 2024
Additions
As at 31 March 2025
Depreciation
As at 1 April 2024
Charge for the year
As at 31 March 2025
Net book values
As at 31 March 2025
As at 31 March 2024
12
Debtors
Trade debtors
Other debtors
Prepayments and accrued income
13
Creditors: Amounts falling due within one year
Trade creditors
Other creditors
Accruals
Deferred income		 Fixtures,
Fittings &
Equipment
93,483
-		 Computer
Equipment
Total
£
100,471
193,954
20,823
20,823
121,294
214,777
57,476
144,774
21,975
24,180
79,451
168,954
41,843
45,823
42,995
49,180
2025
£
2024
£
219,220
236,736
36
995
494,895
496,899
714,151
734,630
2025
£
2024
£
276,938
128,364
111,440
105,796
167,381
173,012
105,000
-
93,483
87,298
2,205
89,503
3,980
6,185
660,759
407,172

Page 33

FILM NATION UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

14 Fund balances

14
Fund balances
Unrestricted Restricted
Total
£ £
£
Fund balances at 31 March 2025 are represented by:
Tangible fixed assets 45,823
-
45,823
Current assets 2,405,627
341,199
2,746,826
Current liabilities (660,759) -
(660,759)
1,790,691
341,199
2,131,890
Fund balances at 31 March 2024 were represented by:
Tangible fixed assets 49,180
-
49,180
Current assets 2,367,334
91,633
2,458,967
Current liabilities (407,172) -
(407,172)
2,009,342
91,633
2,100,975
Incoming
Outgoing
At 1 April Resources
Resources		 Transfers At 31 March
£ £
£		 £ £
2024/25
Restricted Funds
BFI (National Lottery) - -
-		 250,000 250,000
NI Screen (ScreenWorks) - 199,262
(171,540)		 - 27,722
British Council 48,136 10,000
(8,442)		 - 49,694
ScreenSkills 19,997 24,180
(13,771)		 (30,406) -
Warner Bros. 23,500 3,000
(19,494)		 - 7,006
Screen Scotland - 8,000
(1,223)		 - 6,777
Cardiff Council - 2,494
(2,494)		 - -
91,633 246,936
(216,964)		 219,594 341,199
Unrestricted Fund
General Funds 1,165,380 5,477,640 (5,343,728) 81,183 1,380,475
Designated Funds
BFI (National Lottery) 275,000 -
(25,000)
(250,000)		 -
Cinema First 115,000 435,000
(500,000)		 - 50,000
EON Productions donations 136,296 81,220
-
-		 217,516
ECAF fund 268,486 85,895
(185,904)		 (71,600) 96,877
NI Screen (clubs) - 183,000
(183,000)		 - -
Fixed asset fund 49,180 -
(24,180)		 20,823 45,823
2,100,975 6,509,691
(6,478,776)		 - 2,131,890

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FILM NATION UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

14 Fund balances (continued)

2023/24
Restricted Funds
Paul Hamlyn
NI Screen (ScreenWorks)
British Council
ScreenSkills
Warner Bros.
Unrestricted Fund
General Funds
Designated Funds
BFI (National Lottery)
Cinema First
EON Productions donation
ECAF fund
NI Screen (Clubs)
BFI (Screen Careers)
Fixed asset fund		 At 1 April
£
Incoming
Resources
£
Outgoing
Resources
£
Transfers
£
At 31 March
£
9,937
-
(6,138)
(3,799)
-
24,276
174,000
(177,723)
(20,553)
-
67,951
-
(19,815)
-
48,136
-
22,873
(2,876)
-
19,997
-
31,000
(7,500)
-
23,500
102,164
227,873
(214,052)
(24,352)
91,633
910,589
5,831,055 (5,287,002)
(289,262)
1,165,380
-
-
-
275,000
275,000
50,000
435,000
(370,000)
-
115,000
163,397
32,899
-
(60,000)
136,296
-
240,000
(31,514)
60,000
268,486
-
183,000
(183,000)
-
-
27,005
-
(15,092)
(11,913)
-
22,029
-
(23,376)
50,527
49,180
1,275,184
6,949,827
(6,124,036)
-
2,100,975

Description of funds

General funds include any reserves available to be used in the event of future reductions in funding.

Restricted funds include the following:

Page 35

FILM NATION UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

14 Fund balances (continued)

Restricted funds also include:

The transfers between the Restricted and General Funds represent amounts retained by Into Film to cover internal staff costs, management fees and other costs, as agreed with each funder.

The Designated Funds represent funds ring-fenced by the Board in respect of the following:

15 Leasing commitments

The total future minimum lease payments under non-cancellable operating leases in respect of land and buildings are as follows:

Expiry Date
Within 1 year
Within 2–5 years
Total		 2025
£
2024
£
122,385
112,415
124,415
246,800
246,800
359,405

16 Capital commitments

There were no capital commitments at the balance sheet date (2024: £nil).

Page 36

FILM NATION UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

17 Cash flow notes

(a) Reconciliation of net income to net cash flow from operating activities

2025 2024
£ £
Net income for the year 30,915 825,791
Interest received (31,926) (62,827)
Depreciation 24,180 23,376
Loss on disposal - -
Decrease/(Increase) in debtors 20,479 (392,367)
(Decrease)/Increase in creditors 253,587 (60,827)
Net Cash used in operating activities 297,235 333,146
At 1 April Cash At 31 March
2024 flows 2025
(b) Analysis of changes in net debt £ £ £
Cash at bank and in hand 1,724,337 308,338 2,032,675

18 Controlling interest

The charitable company is controlled by its Trustees.

19 Company limited by guarantee

Film Nation UK is a charitable company limited by guarantee and accordingly does not have a share capital. The liability of each member of the charitable company is limited to £1 in the event of it being wound up while he or she is a member, or within one year after he or she ceases to be a member.

20 Investments

Subsidiary undertakings

The following charitable companies are Limited by Guarantee and are under the control of Film Nation UK at the balance sheet date.

Subsidiary name

First Light Movies Limited Company No. 05730661 Dormant Company Film Club (UK) Company No. 05895219 Dormant Company

Page 37

FILM NATION UK (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

21 Related Party Transactions

EON Productions Ltd, a company in which Ms B D Broccoli CBE (Trustee) is a director and shareholder of and is therefore deemed to have significant control over, made donations free of terms or conditions to the charity totaling £81,220 (2024: of £32,898).

Page 38