2022-03-31-accounts - Film London

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			Page
Report ofthe	Trustees		1 —16
Reference andAdministrative Details
Statementof	Trustees'	Responsibilities	20
Report ofthe	Independent Auditors		21 —23
Staiementof	Financial	Activities	24
Statem ant of	Financial	Position	25
Statementof	Cash Flows		26
Notes lo the	Financial	Statements	27-36

			2022	2022	2022	2021
			Unrestricted	Restricted	Total funds	Total funds
		Notes	8	6	6	6
INCOMEFROM
Donations and legacies			36,000	50,880	86,880	86,882
Charitable adivities			2,177,116	4,045,316	6,222x132	6,313,152
Other trading activiYies			24,817		24,817	19,741
Invesimentincome			224		224
Total			2,238,157	4,096,196	6,334,353	6,420,331
EXPENDITURE ON
Raising funds			156,189		156,189	161,814
Charitable activities			2,059,052	4,096,196	6,155,248	6,167,118
Total			2,215,241	4,096,196	6,311r437	6,328,932
NET INCOME			22,916		22.916	91,399
RECONCIUATION	OF FUNDS
Total funds brought	forward		942,216		942,216	850,817
TOTAL FUNDS CARRIED FORWARD			965,132		965,132	942,216

		2022	2021
		Total funds	Total funds
	Notes
FRED ASSETS
Intangible assets	11	12,844	26,243
Tangible assets	12	130487	142,183
		143,131	168,426
CURRENTABSETS
Debtors	13	1,134,207	'I,881,986
Cash at bank and in hand		3,159,535	'I,816,860
		4,293,742	3,698,846
CREDITORS
Amounts falling due within one year	14	(3,471,741)	(2,925,056)
NET CURRENTASSETS		822,001	773,790
TOTAL ASSETS LESSCURRENTLIABIUTIES		965,132	942,216
NETASSETS		965,132	942,216
FUNDS	15
Lln restricted funds		965,'l32	942,216
TOTAL FUNDS		55. 59	962.216

		2022	2021
		E	E
Cash flows from operating actlvkles:
Net cash provided by operagng activities		1.387,643	1,266,198
Cash flaws from imresting actlvides:
Dividends, interest and rents from inveslm ants		224	556
PrOOeedefrOm the Sale Ofprcperty, plant and equipment		3,377
Purchase ofintangible assets			(20,100)
Purchase ofpropeny, plant and equipment		~48,569	~77.310)
Net cash (used in) investing activities		(44,968)	(96,854)
Change In cash and cash equivalents	inthe year	1,342.675	1,169,344
Cash and cash equivalents broughtforward		1,816,860	647,516
Cash and cash equivalents carried forward		3,159,535	1,816,860
Reconciliation of net movement in funds tonet cash
flow from operating activiges
Netincomefortheyear		22,916	91,399
Ad]ustments for:
Depreciation charges		79r488	56,974
Dividends, interest and rents from investments		(224)	(556)
Decrease/(Increase) in debtors		747,779	(489,81D)
Increase in creditors		546,684	1,608,191
Net cashused in operating activities		1,387,643	1,266,198
Analysis ofcash and cash equivalents
Cashin hand		3,'I59.535	1,816,860
Total		~3,159535	1,816,860

2.	ACCOUNTING POUCIES —continued
2.6	Intangible assets
	intangible assets re present website costs and are stated atcost lese depreciation. Depreciation is intangible fixed assets over 3 years, calculated to write offthe cost over their expected useful	provided against lives, using the
	straight-line method.
2.7	Interest receivable
	Interest on funds held on deposit is included when receivable and the amount can be measured Charity; this is normally upon notification ofthe interest paid or payable.		reliably by the
2.8	Operating leases
	Rentals under operating leases are charged to the Statement of Financial Activities on a straight	line basis over
	the Iease term.
2.9	Financial Instruments
	The Charity only has financial assets and financial liabilities ofa kind that qualify as basic finandal		instrumerss.
	Basic financial instruments are initially recognised at transaction value and subsequently measured at their
	settlement value with the exception ofloans which are subsequently measured atam orlisadcostusing the effective
	interest method
2.10	Deblors
	Trade and other debtors are recognised at the settlemenl amountafterany trade discountoffered.		Prepaymenls
	are valued atthe amount repaid netof any trade discounts due.
2.11	Cash at bank and in hand
	Cash at bank and in hand includes cash short term highly liquid investmenls with a shorl maturity or less from the date ofacquisition oropening ofthe depositor similar account.	of	three monfe
232	Creditors and provisions
	Creditors and provisions are recognised wh ere the Charity has apresent obligation resulting from 8past event that
	will probably result in the transfer offunds lc 8 third party and the amount due to setle the obligation can be
	measured orestimated reliably. Creditors and provisions are normally recognised attheir seelement		amountaha
	allowing forany trade discounts due.
2.13	Pension costs
	The charily operates a defined contribution pension scheme. The assets ofIhe scheme are held separately from those of the Charity in an independently administered fund. The amount oharged tcthe Statement of Financia!
	Activities represents the contribu8ons payable tothe scheme in respeot ofaccounCng penod.
2.14	Critical accounting estimates and judgements
	In preparing the financial statements, management is required to make estimates and assumptions		which affect
	reported income, expenses, assets, liabilities and disclosure ofcontingent assets and liabiliges. Ijse of available
	information and application of judgements are inherent in the formation of estimates, together with the past experience and expectations offuture events that are believed tobe reasonable under the circum stances Actual
	results in the future could differ from such estimates. Management do not consider there to be		any material
	accounting estimatesorjudgemenlsthatneeddisciosureinthese finandal staterrienta.

DONATIONS AND	LEGACIES	LEGACIES					2022		2022			2022	2021
						Unrestricted		Restricted				Total	Total
							6		6			6	6
Donations							36,000					36,000	36.000
Gifts in kind												50,880	50,882
							36,000		50,680			86,880	86,962
In 2021,ofthe total income		from	donations		and legacies, f36000was to unrestricted						funds and K50682was to
restricted income.
The charity isgrateful to various organisations						who donate their services			for free or	for a reduced charge. These
include support across a numb		sr of		acfivities	including		venue hire, officespace, speaker				fees, event accreditafkrns,
web site events platform and		legal	advice. An			equivalent charge isincluded			within charitable expenditure.
The charity also benefitsfram		the	involvementandsupportof itsvolunteerswhamakeavital									contributiontowards
their achievements	in accordance		with FRS102and				the Charities SORP		(FRST02),	the		economic contdt ution of
general volunteers	isnot recognised			inthe accounts.
INCOME FROM CHARITABLE ACTIVITIES							2022		2022			2022	2021
						Unrestricted		Restricted				Total	Total
									k			6	6
Promotion ofvisual	arts						1,1e4,590		884,016		2,068,606		1,637,106
FLAMIN							60,700		350,855			411,555	344,925
Producfion oftalent	development						205,959		192,850			398,809	420,497
Film promotion and	culture						552,456		292,595			845,051	1,242,031
Bn4sh Film Commission							173,411	2,325,000			2A98411		2,468,591
							2,177,116	4,045,316			6,222832		6,313,152
In 2021,ofthe total	income from charitable activities,						E2110877was to unrestricted			funds and 64202 275waste
restricted funds.
OTHER TRADING ACTIVITIES							2922		2022			2022	2821
						Unrestricted		Restricted				Total	Total
							6		6			6	6
Rental incame							23,000					23,000	17,839
Other incom e							t,e17					1,817	1,902
							24,817					24,817	19,741

INVESTMENT INCOME			2022		2022	2022	2021
			Unrestrictedf	Restricted f		Total f	Totalf
Bank interest			224			224	556
In 2021,ofthe total investment	income, f556was		to unrestricted	funds and	fNIL to restricted funds.
ANALYSIS OF EXPENDITURE		Staff	Activities	Grant	Support	2022	2021
		Costs	Costs	Funding	Costs	Total	Total
		(note 10)f			(note 8)f
Raising funds		68,543	26,914		60,732	158,189	161,814
Promotion ofvisual arts		687,216	801,471		404,014	1,892,701	1,7D5,410
FLAMIN		178,955	74,710	91,000	105,207	449.872	365,257
Producson and talent develop rn	enl	209,316	46,689	23,274	123,057	402Y336	431,375
Film production 8 culture		442,933	167,D90	99,881	260,400	970,304	1,212,991
British Film Commission		387,757	1,744,230		308,048	2,44D.D35	2,452,085
		1,906,177	2,834,190	214.155	1,200,726	6,155,248	6,167,118
		1,974,720	2,861,104	214,155	1,261,458	6,311,437	6.328,932
ANALYSIS OF SUPPORT COSTS						2D22f	2021f
Staff costs (note 10)						559.517	479,680
Overheads						685,371	669,425
Legal and professional						1,739	12,804
Auditandacrsrun5ngfees						14,830	15.109
					1,261458		1,177,018
NET INCOME						2022f	2021 f
This is stated aftercharging:
Depreciation						70488	56,974
Auditors' remuneration						13,750	13,000
Operating lease rentals						140,056	147,384


ANALYSIS OF STAFF	2022	2021
	8	8
Wages and salanes	2,180r491	1,894,176
Social security costs	237,008	I98,662
Pension contributions	108,896	103,201
Other staff costs	7,842	8,223
	2,534v237	2,204,282

					2022	2021
The average number ofstaff employed			durirg the	year was:	No.	No.
Raising funds					1.0	1.5
inward investment &business development					14.0	11.0
FLAMIN					4.0	4.0
Producbon	&talent develo	pm ent			6.0	60
Film promotion &culture					12.0	12.5
British Film	Commission				8.0	5.5
Support					9.0	8.5
					54.0	49.0
					2022	2021
					No.	No.
The numberof employees		whose salariesfortune		year fell
within the	following bands	were:
660,001 -	270,000
280,001 -	290,000
6130,001	- E140,000


INTANGIBLE FIXEDASSETS	Webstte costs
	6
Cost
At 1 April 2021	40,200
Additions
At 31March 2022	40,200
DepreciaSon
At 1 April 2021	13,957
Charge forthe year	13,399
At 31 March 2022	27.356
Net Book Vafue
AT 31March 2022	12,844
At 31March 2021	26.243

12.	TANGIBLE FIXEDASSETS	OISce	Leasehold
		Equipment5	Improvements E	Total
	Cost
	Al 1 Apnl 2021	204,264	90,318	294,582
	AddiTions	48,569		48,569
	Dieposals	(32,522)		(32,522)
	At 31March 2022	220,311	90,318	310,629
	Depreciation
	At 1 April 2021	105,852	46,547	152,399
	Chargeforthe year	47,711	9,378	57,089
	Depreciation on dispose la	(29,146)		(29,146)
	At 31March 2022	124,417	55,925	180,342
	Net Book Value
	At 31March 2022	95,894	34,393	130,287
	At 31March 2021	9S,412	43,771	142,183
13.	DEBTORS		2022	2021
			E	5
	Trade debtors		188,759	191,530
	Olher debtors		50,716	76,892
	VAT recoverable		183,180	203,657
	Prepayments and accrued income		711,552	1,407,907
			1,134,207	1,881,986

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR	2022	2021
				E	E
Trade	creditors			932,900	1,752,602
Grants	payabie			227,885	315,500
Giber	taxa5on and social security			60,799	51,361
Accrue	le and deferred income			2,250,157	805,593
				3871,741	2,925,056
Analysis ofgrants payable		(ag due within	one year)
Grants	committed but unpaid	b/fwd		315,500	122,673
Grants	committed rn the year			214,155	660,611
Grants	paid in the year			(301,770)	(467,784)
Grants	commitledbut unpaid	c/fwd		227,885	315,500

MOVEMENTS	IN FUNDS	As at			As at
		1 April 2021	Income	Expenddure	31Idarch2022
		E	E		E
Unrestricted	funds	942,216	2,238,157	(2,215,241)	965,132
General funds
Resuicted funds			4,096,196	(4,096,196)
Total funds		942,216	6,334,353	(6,311,437)	965,132

Comparative		As at			As st
		1April 2020 E	Income E	Expenditure E	31March 2021 E
Unrestricted	funds	850,817	2,167,174	(2,075,775)	942,216
General funds
Restrictedfunds			4,253,157	(4,253,157)
Totalfunds		850,817	6,420,331	(6,328,932)	942v216

MOVEMENTS	IN FUNDS	IN FUNDS	Unrestricted	Restricted	Total	Total
			Fullds	Fundsf	2022f	2021f
Tangible fixed	assets		130,287		130,287	142,183
Intangible fixed assets			12,844		12,844	26,243
Current assets			4,293,742		4,293,742	3,698,846
Creditors due within		one year	(3,471,741)		(3471,741)	(2,925.056)
			965,132		965,132	942,216
			Unrestricted	Restricted	Total	Total
Movement tn	funds	(comparative)	Fundsf	Fundsf	2021f	2020f
Tangiblefixedassets			142,183		142,183	109,007
Intangiblefixed	assets		26,243		26,243	18,983
Current assets			3,698,846		3,698,846	2,039,692
Creditorsduewithin		one year	(2,925,056)		(2,925,056)	(1,316,865)
			942,216		942,216	85D,817

he Charitable Com p any had total comm itmenls for land perafingleasesasfollows:	and buildings althe year-end under no no n	callable
	2022 f	2021 f
Within 1 year Between1 and 5years	169,054 450,809	121,507 619.863
Over 5years
	619,863	741,370

Services	Organis ation	Relationship	Charge		Balance
			2022	2021	2022	2021
			K	K	K	K
Screenings	Genesis Cinema	Owner (TWalker-
BFC	Saffrey	Hebborn)		24,604		2,500
Consultancy	Champness	Partner (JGraydon)	57315	7355	31 276	7355
har db
Services	Organisation	Relationship	Charge		Balance
			2022	2021	2022	2021
			K	K	K	K
Grants Microwave Grants	ScreenSkills BBC GenesisCinema	Director(l Smith) Director (GAtlas) Owner (TWalker-	13,767	7,022 12,500		7,022 5,000
Sponsorship	Saffrey	Hebbom)			2,600
	Champness	Partner (JGraydon)	9000	7500		7500