Dowsv4n En¥elcpe10.. A7C9M2&t86A4F684DD64267BBSF1195 REGISTERED COMPANY NUMBER: 04699825 {England ond W*1￿) REGISTERED CHARITY NUMBER.. 1163968 REPORT OF THE TRUSTEES AND AUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 W4RCH 2026 FOR FILM LONDON Drxu8lgn EThv8lope10.. A7c9￿￿l86A4F6B-80C￿426788sFl195 FILM LONDON CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 P¥9¥ Report of the Tru8t¢&s 1- 18 RttfererK￿ and Administrati￿ O•tails 19 Stslgm•nl ol Tru$te?s' ResponSibili￿S 20 Report olthe lndepertraent Alhlrtors stst•m•nl of Financial Activittes 24 ststement of Financial Position 25 ststsm&nl of C•sh FIOWB Notes to the Finanaal St8lem*nts 27-36 Oocu8ign Envelope ID.. A7CgAA2&1B6A4F6B4DD64267BB5F1195 FILM LONDON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2026 The Truste8s Iwho are also director5 gf the charity for the purposes of the Companies Act) prgsant their annual report tog8ther with the audited financial statements of Film London Ithe Comp8nyl for the year ended 31sl March 2025. Thè Trustees confimi that the Annual Report and financial statements of the Company comply with the current statutory quirements. tha iequirernents of the Company's goveming document and the provisions of the Stslement ol Rècomrn8nded Practice ISORPI. applicable lo charilks p￿paring thèir accounts in accordance wilh the Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 lettecty've 1st January 20151. Since ths Company qualifie5 as small under section 383, the strategic report required of medium and large companEs under The Companies Act 2006 IStrateg¢¢ Report and Di￿¢tOr'S Rèport) Regulations 2013 is not required. Objectlves and a¢￿¥110•$ Policies ar*d oblectlves Film London acts as a major showcase within the UK and internatsonally for film. TV, animation and gamè5 working to foster a hKJh stsndard of artistry and creetivty and promote the art￿t￿ and cumural eXcel￿nCe of the mown9 image industries. In deterrninin9 the Company's strategy and actiwts.es lor the yaar. it5 Board of Trustees and senior mana9emènt consider the Chanty's Commission guidan￿ on public benefit. A¢r05s all rts activities and projects, Film London rem8in5 focused on promoting and advancing thè visual art5 85 well as the provision of e(lucation and training. b. Obj•etivts and activities for public benefft A5 set out in the Memorandum ol Association the objÈets of Ihe ¢h8rity a￿.. Promote and advance the Vbsual arts. most partKubdy the arts of film. television arKI thè mowng image. including through" the prcfflotson ol artistic and cuhural eXcel￿nCe in the film. le￿viSIon ancl moving image Industnes". the trstablishmant and pr8servation of ¢011ecbons reflecting the film. telewsion and moving Image history and heritage of LoTrlon and Great Britain,. and facilitating the creaton of audio-visual contènt ol a￿stse m¢fit in fikn. television and mowng image content by referen￿ to the culture, history and heritag8 of London and Great Britsin. Provide educ8tion and trainiThJ in the art and production ol film, telewsion and the moving Ima9e, inCI￿11r￿j through. the cultsvatyon and improvement of public tastè in film. talev￿lon and th8 moving image., the encouragement ol Innovative and creative production work in film, television and the rnoving imagè, and the promotion of a high standard of artistry. ¢wtiwty and technpue in persons involved In thè production of film. t&￿viS￿￿ and the moving ima9e A¢hievements and perforn)an¢• Revlew of a¢tlvltl•s In 2024-25 Filrn London celebrated its 20th anniversary, confirming its commitment to sustaining and championing London'5 film, television, moving Image and games Industries, supporting th8 development of the City's emèrging filmmaking laknl and promobng a diverse and nch film cultur8 We Continue to foster diversity and indusion and to ensure equality ol access to our setVlCè5 across a￿llen￿ development, tslenl development. skills, film tsjlture and business dev*lopmènt. Film L￿don also has a national remit through tho British Film Cornmts510n IBFCI. which conbnued to focus on supports.ng film and NETV production as well as on thè dèvèlopment of stage to sUSta￿n growth and inward investmènt a¢ro3s the UK. Working in partnership with Ukie (UK Interactwe Entertainmentl. Film LoThJon contsnuad to 0￿rate a5 Games London and has d￿1Ve￿d an excits'ng year-long pr(oramm& for the gamès industry with its Game Chan9er programme, the annu81 London Games Festrval and rts Games Finance Market and its Accelerator programme Funded by the Mayor of London thrts￿h Ihe GLA, the National Lottery and Grant In Aid through the British Film Institute IBFII. we also le￿iVed support from Arts Council Englan¢J and the Departrllent of Business and Trade 108TI. The UK Shared Prosperity Fund, the New Deal for Young People. and industry partners have provided valuable project funding. We report to our funiyers against thè milestones and KP15 agreed in the respective funding agreements. P8gÈ 1 Do¢￿1gTh Envelope ID" A7C9AA2&1B6A4F6B.8DW287BB5F1195 FILM LONDON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Review of activities (COn￿￿￿e￿I We sre pnvileged to work in partnershsp with our funders. stakeholdets, eomrneraal partner5 and induslry to make cfftati On￿¢bon$ be￿eeTh London's outstanding talent and the opportunities London offers in temis of skills developmènt, a¢￿sS to careÈrs. and training Ihrou9h production, audience develowenl and screen hentage. Film London. programtne5 ar8 for public benefit. target the diverse comrnunbties across the capitsl and piornote ihe artistic and cultural excellen￿ of the UK'S film, te￿viSion, moviw Image and g8mès Industnes through an extensive range of Inibabves. Film London worked with the industry and funders to champion the UK'S and London's film, tel?M510n anim8b.on and games industnes and culture, regionally, nationally and internationally. 2024-25 continued to be focustd on su5tainiThJ levè15 of pr<)duction and investmentacross ttte film. TV, animati¢n, moving image and games Indu5trie5 through our strategic partnerships with stakeholders and industry, policy work and our London Filming Partnership A member ol tho Mayor of London Anchor Institthions, Netsvork, we continue to support a rnore stable fijture wth greater value placed on equitsble. ¢￿aner, healthier and safer communities as a foundation of our growth Our prograrnmes worf¥ to address thè challwgtrs to the skills pipeline. We invested lottery funding from th8 BFI in our Metro London Skills ClustÈr and delivered in partnership with the Natsonal Film and Television School. HKJher Education, Furthèr EdU￿tIOn and industry. Our Skills prograrnme and its Equal Access Network hav6 beèn working to meet industry demand and we successfully trained ènd placed candidatos in industry role5 Through all our progranmes, w• fymained fo¢use(J on championing divèrsity and indusion. Our key m8rk$ts- induding London Screenings, the Production Finance Mark•t and its New Talent strand". the ed￿on of London Games Festsval (showcasing and celebrabrvJ the games industry and its cuttural impacti.. the annual Distributor Slate D8yS, the Jam)an Award and UPstreatn- wer8 all 5ucce5sfully staged Filrn London continued supporting artists moving Image work through FLAMIN Productions. the FLAKIIN Fellowship aThJ FLAMIN Anirnatsons We delivered our online support for new and em8rging writers. directors and produceis through our Film London Labs programme. #nd as the Lond￿ partner of the BFI NETWORK. ObSe¢tlv• 1.. Promot• and advancè thè vlsual arts, partl¢ularly th? arts offilm, tslovlslon and th• mowlng Imogg Promotin9 the vlsual arts and boosting audl•n¢• ehoicè Film Hub London has supported LoThJon exhibitors to remain resilient in the face of continugd Challenges In the wake of rising Costs, tho actors and wnters strike and the subsequent irnpact on the slate In 2024-25, wè enabl6 thgm to continue programming a broad and inclusive range of filrn and to encourage them to rnaintain a commitment to dèvelopirvJ Iheir audien￿ with a parbcular locus on undèrservtd communities. The number of Film Hub London members continued to grow and wè walctsrned tnore th8n 50 new Members in 2024-25, with the membèr5hp now reaching more than 435 organisalions Film Hub LorKlon fyrnain8d focused on supportirvJ members to connect wilh audience5 Supported projects welcomed over 99.000 people across th• y•ar wth a fc¢us on diversity. eqU￿ty and Indusion. Throughout the year. Film HLJb London distribule(124 awards to Hub membe[5 Awardee5 included Fringel Queer Film & Arts Fest, Blad( History Studie5, Rainbow Film Festival, London Intemational Animation Festival, The New Bla¢k Film Collective. Other Cinemas and Tnangle LGBTQ+ Cultural Centre The Hub continued to support London Independent cinemas through the Cinema In￿ntiVe Scheme Exhibitots Breakfasts continued to prove popular with the membership. Two breakfasts were held in 2024-25. Firstly at the Kiln In July locussed on older audiènces and Incorporating an ageism awareness workshop trom Women over 50 Film Fesbval. The Kiln Cinema presented thèii Dementia-friendly programme and the GLA talked through spJning up to the Dementy'a Friendly Venue Charter. training and accreditstion The second Breakfast at the Casue Cinema in Hackney leatured a panel on London Living Wage employers in film exhibition with Recl£itn The Frame. Curzon Cinemas and The Castle Cinema sn discussion wrth Liviry Wage Foundabon E￿venfiftYfive updated on Escapes and the Film Hub Team talked through FAN Film EXhI￿tIon Fund 2025. and Training and Travel Bursarvas. Page 2 DDcuswn Envelope ID. A7C9AA26-186A4F6&80D642678B5F1195 FILM LONDON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 ProMo￿n9 t￿ visual art8 and boo$tlng audlence choSce {con￿nue￿I 2024's UK-wid& rnaior programme from BFI FAN was Art of Action Filrn Hub London kid(ad oll proca8¢Jings with an unofficial launch from Hub supporting Fighting Spiril Filrn Festival in Seplernberal Hackney Picturehouse Film Hub London has also supported actson programmes from London Short Film Festy'val.. Thealreshp and Fiknscope incorptsrati screening specifically focussed at welcomiNJ deaf audiences. SpotlvJht aims to support gr￿th of activty and audEn￿S in the bordèring boroughs of Newham and Barking and Dagenharn by developing loca1 partnerships anLI ￿lI01r& local capability, film exhibits.on knowledge and resour￿. Regular screening activity con*nued throughout thg year in partnership with Newham Community Cin¢m4, Nowham, Art Catcher. Boathouse Studios, House for Artists. Club Togetk*r. Cold Islanders and One Room livè. Communty exhibitors attended Cinema for training Marketing & programming. Spotlighl supported tha dalivery of the first cornmunity Co-curatecl PictureEast Film Festival that took place In cornmunity spaces across Newham from th8 30th January to 1st Fgbruary wth The New Black Film Collèctive having s¢eunng a(*Jitional funding frorn CU￿re Wthin Newham. Our training. trav*1 and accommodation bursaries have supported Hub members to attend FAN CON. ICO Screening Days, BFI London Film Festival, Be[w￿k Film and Media Arts Festival.. London's Screen Archive Conference, Berfinale., Cannes Film Festival.. Doc's kn'ngdom, Intamatsonal Seminar on DooJrrentary Film in Paris., Tape Colleclive & InvisiL*e W0rn3n'5 Curatorial Retreat and Clermonl Ferrand Film Fèstival. In SepteM￿r 2024, Film Hub London delive￿ the tenth edition ol Distributor Slate Days at Picturehouse Central Slate Days saw a strong attendance of 30 distributor5 presenting their upcoming Ind8pen¢Jent releases to over 350 delegates For the fourth year, presented In partnet5hip with The New Black Film Collective, Blad(Track highlighted UPC¢￿Ing releases with Black talent and themes. An updat•d 81ackTrack was presenied at The New Black's TNB XPO In March. Unlocking Screen Heritsge Film London continue5 to facilitate. resource and manage London's Screen Archwes ILSAI to unfy organisation$ that hold historic moving image matenal. building a regKJnal ¢ollec¢ion about London and Its people. 0￿rthts years, the LSA ne￿ork has grown from strength to strength, now eNcomp8S51ng rnOTe than 45 members. all sharing London's history on Screen with lo¢*1 and international audiences. Our partners Include ltscal bOr0￿3h archives. national museums, communty orgAnisations. art galleries. charities and public sector bod￿$. In December 2024, LSA eomplètsd Ihts first year of BFI Natyonal Lottery Screen Herrta9e fiJThJtd project Undwumented. In partnership with The New Black Film Collèctive ITNBFCI Undocumented focussed on engaging London s Black comrnunrties Vlith Screen Hentsge Over the course of the ye8r. LSA delivered 100 events engaged with 30.OQh) pathcipants. 82DA Identsfying as Global maionty. Having Suc￿$S1u11Y secured another £80.000 from the BFI, a second phase ol Undocumented kicks off in April 2025. ￿lIst the 2024 programme focused on building awareness ol the LSA archives. In 2025 thè focus is on colleding and preserving screen heritage rnaterial from Black communities. LSA are wntinuing to deliver the three-year BFI National Lottery Screen Herrtage Resilien￿ Fund prqect, to ￿$tsrt and expand our volunteer programme, and test and grow our Iieensing offer. Tha LSA'S volunteer programme continues at Film London wrth a strong cohort of volunteers In September. LSA delivered An Introduction to Identfyin9 and Handlirg Film and Video training workshop at The London Archives wilh 24 participants in atterKlance an¢J another 20 on our waiting list. LSA are plannin9 to repeat the session in 2025 In October and November 2Q24 LSA delivere(I course ol six workshops at Black Cumural Archives IBCAI about volunteering with film heritage to help BCA rg¢ruit volunteers to care for their collections. The coursa Included sessions on the hislory ol film. TV. video and audio as w911 as caiing for collections, cataloguing and pwsèntation of aichwe. The Course wi11 be repeated with BCA in 2025. Page 3 DO￿￿9n Envelope ID.. A7C9AA2&1B6A4F6B4DD￿2fj7￿B5Fjl9S FILM LONOON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Unlocking Screon Herltage l¢onUnuedl A highlight lor Film London and LSA in 2024 was dèlivèry of bi-annual LSA Screen Heritaga Confèrene8 in November at London Musèum Docklands. attracting a record 124 attendeos. LSA hosted four tlks including'cuhural Sen$￿'V￿Y and film 8r¢hives'. 'Reint•rprètation and storytelling, and 'Wnere are all lJ)e BlaL* home rnovies?. The conferencè featured a range ofexperts across archiving, filrn and community engagement such 8$ Rachel Wang, Co-Founderol ChocoLqte Films. BAFTA_winning Dr Juna Givanni, Film Curator and Founder ol June Givanni Pan Atrican Cinema. Filmmakèrs YV She115 & Hannah Oliver. Senior Lectumr Dr Myka&ll RI￿Y. and Filmmaker John Akomfvah as our keynote speaker. LSA secured two major commissions in the latter hallof thg year with The Scouts Association collaction digitBation project and a rèsearch project for the London Musèurn, wh￿h promises ¢0 be an ex￿lIent opy)rtunity to showcase the diversity ol London's history and LSA members. collections. Having Secured support from 8100m￿rg Philanthropies Digital AC￿leratOr Fund. Inrtial planning and scopin9 ¢ontinu8S to ènhance LSA'$ digital infrastructure. LSA are continuing lo collaborate on the Artist in Ihe Archive residency programm6 with FLAMIN IFilm London Artists. Moving lrnage Netsvorkl. in Brent an¢J Batking and Da9enharn In B￿nt, artists Arwa Abur8wa and Tarub Shah will LKa rèsèarching a new project as part ol'8•corning Brent. which explores the material remnants and cultural rnemory of tha Brrtish Empiro Exhibition. which was held in Wèmblay Path in 1924 to 1925. LSA also continued to deal wrth a large number of li￿nsIng ￿a￿&sts Irorn broadcaster5. production companiès. freelan filrnrnakers and filrn exhibitors and ntsn-cornrnercial requests for cc*nmunty and èducational use. Online. LSA continues to engage aud￿nceS with rnore than 114,000 views on YouTube and 178.OC(I page views on the LSA w8bsite, i e. 292,0(M) views In total In 2024-25 Our Film ol the Week Inth"akn"vo. inVo￿e5 a topical title from th* collèctson shar811 via Film London social media èvèry Tuésday. continues. ￿lIe helpiNJ us highlight the wealth arKI SCOFe of films available to wew on the website, il also streNJthans our relationship5 Wrth member arehivè5 by linking to them In the posts arKJ thus helping them increase their profile. Ch¥mplonln9 and promoting ind0￿ndent Brltlsh fllm The London Screenings in June welcomèd national and intemats'onal distributors and fi￿M ftrstival pro2ramrners as well as sales companies to screen and acquire new Brth"sh films for distribubon. Ttr* new talent saclion. Breakthrough. gave six filmmakers the opportunity to Screen their films lo sales companiès and film festival programmers. Film Lorpdon delwered. in partnership with the BFI, DBT and the wider industry. the 18th year of its Production Finance Msrket IPFMI lo suwort British Indepand8nt film and to faulitale the distnbution of audio-wsual content of artistic mèrrt. The market and Its New Talent strand aim5 to support London's and the UK'S Independent diverse producb.on talent provvjing access to finance whilst also promoting London and the UK'S position as a centre lor production finan￿. Over vo days, the markèt supported Britssh and International independent feature. documentary and animats.on projects that a￿ likely to lind an audience In the UK and world anema matk$t. Through our International partnerships and our p8rticipa¢ion in festivals and market5, Film Lgndon continued to support ative prodLretK)n5 promoting a high standard ol aftistsc merit. Targeted and effective showcasing ensures London grows and maintains a positsvè presence in the global marketplace. and confirrns its reputation as a olobal cofflpets.tor Botr events connect Bribsh talént with financiers, sa￿$ agents, producars, distrsbutor5 and festiva1 producers, prcfftoting and advan¢in9 the visual arts and artistic èxcellence UPstream 2025 took place at Ihe London Transport Museum and saw the launch of UPstr•arn's presence on social subscription platform Substack. We presented 12 pe￿$ ol IP, Including YouTubers, short filrrnakers. artist filmmakers. playwrights. animators. journalists and the head curator of the London Transport Museum itself We also hostad keynote speakers, Channel 4 Head of Drama and Director, Film 4. 011￿ Madden". and theatre prodU￿r Fran￿$¢a MoLyJy MBE. who develop8d the first iteration of both F￿abag and Baby Reindeer for the Edinburgh Frirye. Following the event. we are now ￿leasIng new IP gn Subslack each month for paying subscribers growing the showcase's onlin8 aUd￿nce. Page 4 Docusign Envelope ID. A7c9￿-1B6A4F6uDo6426yBB5F1l95 FILM LONDON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 London Filming Partnershlp Levels of pr(Kluction continued to be affected by the fallout frcm the US Writers IWGAI and Actor5 ISAG-AFTRAI strik&5 Many crew m&mi￿rS continued to struggle to find woth In parts of 2024 although filming started to pid( up in the final quarter of 2024-25. This aLs0 affected our locations partners across London whose activity an¢J Income dipped again wrth only 8,592 filming days on location recorded in 2024 Icalendar year). down by 70k on 2023 However. we began to S8è an urlift in TV drama production again lup by 11Vo on 20231 as strèamers started to make their way back to the capital. We are therefore optimistsc foran upwards trajectory of number of shoots for 2025 ￿ continued to focus on training and networking opportunities lor partners whi15t ensuriro that any enouiries, partieularty from the US. were dealt with 5wifUy ar￿ PKlSrtively in order to optimtse our chan￿5 of landing productions into London. Major advances were made in studio development with the opening ol Eastbrook Studios In January 2025 Film London has been Involvad In Ihis developrnent from the start. around nine years ago 12 purpose built State of the art sound 5tsges, backlot. offices and workshops. E851brook is tLe largest studio development in Lo¢)don for dae8des ￿ are now working with MBS on selling stagè space into 2025 Westwards. West London Studios additional stages wer8 opened in 2024, with DNEG and Dirnension taking up Iwo of the four stages lor virtual and m¢tion capture productron London now provides an excellent amount of valuè-for-rnoney cvnversion studios mixed with large purpose built sbjdios. Throughout tha ￿0[. the London Filming Partnership h8s met with key stakeholders aThJ industry We provided upjatès on Film London's sustainabiltty In￿a￿'ve$ to the London Borough Film Semces. Brfll$h Fllm Commlsslon IBFCI- fa¢lllla¢ln9 thg provl8lon of audlo-vbuol content of artlstlc morlt Mthile the UK screen industries conbnuod to be affectsd by a reduction In content ¢ornmi5sioning and lowering of budgets during 2024-25, there has teen an upturn In activity. particubrfy in feature film production. providing 8 pipeline of woth for the UK'S studios, locabon$ and expenenced crew and tslent. Proje¢ts based on British underlying rnaterialwere particularfy prevalent, Including Harnnet. based on the novel of the samè name by Nl writer, M3gg* O'Farrell. a fictional account of the short life of Williarn Shake5pearg'$ 50n More commercial but no ￿$S cultLJf8lly BritL8h were leaiures Bridget Jones.. Mad about the Boy. based on British Writer. Helen Fiekjing's novèl aboLrt the much-loved character played by Renée Zelwer.. and 28 Years Later. Academy Award-wtnning British director Danny Boyle's horror franchise which he also wrote alongside British writer, Alex Garfand. Also prLWJU￿d during 2024 was the film *Japtation of British wrrter Enid Blyton's much4tsved children's tale. The Magic Faraway TTee. These adaptations ol Brits"sh IP shared studio Spa￿ wrth a number of globally rtcognised franchises given a uniquely British 5tornp by being made at UK studios and locations by British crew and laulrtiés, Including Jurassic World. Thè Conjuring, and The Fantsst'c Four Other naw mi)dern Britssh classics produced in the UK dunng 2024-25 included Bridgerton. Season 4 an(1 The lfflmortal Man- the Pèaky Blinders ature filrn Spin-off, frcm Britr'sh Writer, Stèven Knight. BFC bespoke procluthon support to film and HETV projects and companies accounted for 92% of inward investment fèature filrn and HETV spend In the UK. To ensu￿ the UK Is a)le to contsnue to aitract these kinds ol high-end productions that create so much ¢mployrnent and activity for Bnbsh cast. crèw and f8cililies, we have woth•d with Government and industry stakehddors to refine and promote the Audio-V1sual Expenditur8 Credit lor fi'lm & TV. including through support for a compkmentary new enhanc8ment for visual effects activity. In tsndem, we have support8d the develq)ment ancl launch ol a nèw incenty've for lower budget films that will diversify filrn content In the UK, promote Brrtish ¢￿atIVity aThY provide an enormous boost to the skills pipeline. Vve also conb'nue to monitor first-hand the shilts in the Industy and how the UK can caprtalise on changes in how prosects are being firnan￿d and sei up- for examp￿, in looking to sharing the risk on bigger budget TV sèries, 5eekirg UK creats production partners to get Involved e8dy on arK* co-production opportunities for UK broadcasters Page S Docusvjn Envelope ID A7C9M2&186A4F68-8DD642678B5F1195 FILM LONDON REPORT OF THE TRUSTEES FOR THE YEAR ENDeD 31 MARCH 2025 Britlsh Fllm Commlsslon IBFCI- facllltsting the provlsion of audlo.v18ual content of artistic merit l¢ontinuedl Our support lor trainirvj and skills devèlopmént rnore broadly continues through partnerships arKI adv¢racy wth key $tsk&holder5. ensuring our Cl￿nts have comprehan&vè signposting to UK skills infrastructure. Key partnerships Indude.. Ser8ènSkill$ National and wion81 screen agenries BFI Skills Clusters Film schools- tr g. Btistol Film School. NFTS lincluding Cardiff. Glasgow and Le¢d$ Hub51. LoThYon Filrn School SpecLalst univarsrties. colleges and academies e.g. Boa Sc￿rn AeAdemy IBiminghaml, Leeds Beckett University. London Scr8an AeAdemy Sluditrled Initsatives e.g All Sei ￿$1 IThe Bottle Yard Studios, Bristoll, Crew Ha (Wamer Bros. Studh)S Leavesdenl. Screen All¢ance Wales Wolf Studios. Cardiff) Union 8nd guikl programmes- e g. AO Guild, Bectu, Pact, PGGB Chantlas and non-profits e.g. Cumure Connèct Wa￿s. The Kusp IUK-widel, Mission Accomplislkd (Bimiinghaml Private commèrcial organisation5- All Spring Media (Hertlordshirel, Final Pixèl Ae•demy (Glasgowl. John Yothè Story ILe8dsl, st￿J10 Ulster (Belfastl have fflaintatned our vitally important focus on sockgl résponsibility in production through ongoing suprort and promotion of a widg range of initiatives that advocate lor inclusivrty, diversity. equality. ac￿$S1b111ty. We have also worked closety with organisations dedicated to better wellbeing and mental health, and supported the 5¢reen sector's transrtion to zer￿a￿On by worf(ing with Industry and stakehol¢*rs lo provide a￿sS to sustainability r85our￿$ and expertise We have athibonally increased our focus on studio sustainability- both on set and In new-build and convèrtèd $tudios, thre we have comrnissioned groundbreaking rèsèarch that we wll make available universally. Thè UK'S own studio aTrd stage Spa￿ capacity remains a pftority for thè BFC. have now supported the development ol an additional 3 million 59. ft of VK stage Spa￿ capacity and continug to work ill particular with the devolved administrat'ons to ensure wg can rnaetthè dsmand forcon¢ent ￿eats.0Tr in every part of Great Britain and Northern Ireland. Our close work with HM Govemmenl to ensurèwè continuo to devetop and ￿tsIn film-fnendly polic*s has bèèn particulady cruaal over the last 12 months We have led on intervents.ons tsn a wide range of policy areas incluthng most IK)la￿Y the Introduction of a nèw business rates relief lor studios In EngLand and Walès. Olher poI￿Y work has focused on thè Govemmenl's forthcorning Industrial Stralegy and Sector Plan. as well as fvtureproofing migration policy to ensurè we have aC￿sS 19 the bes¢ global talent whilst protecting and pr(xllobng the indigenous workfo￿. We also work dosely with HM Govemrnent through our US Offi￿ in the Bribsh Consulata In Los Angeles The dose Telaiionship with have wrth the local consul gènoral and Department for Business and Trade c￿a￿"v& team en$￿￿ a joined up approach lo the film & TV industry across Los ANJ8kgs but also th8 wider North American network lor eventslinitiatives that spotlight the tsntertainrnent industry. We havè ¢onknnued outreach to Eurorean partners to ensure we can optirnise support for our mutual clients, In rècognrtion of the creatsve. cultural and economic value production brings to the contsnent In the last year. we have ￿)Sted and participated in both Inward and tru￿ard mI5sions wrth Netherlands. Spain, Itaty and France and we continue to expand our nefvrfork of European partners. The 8FC arè also a member of Assouation ol Film Commissits￿r5 Intemalional IAFCII and sit on the board. Pagè 6 Docuwgn Envelope ID. A7C9M26-IB6A4F684DDN267BB5F1195 FILM LONDON REPORT OF THE TRLISTEES FOR THE YEAR ENOED 31 MARCH 202S Brltlsh Fllrn Commission IBFCI- faeilitating the provltylon of ¥ydlo.vlBual content of artlstlc morlt leonwnugdl Our business development initiativ•s have sè8n both Inward and outward missions to and frorn the US, showca51ng ¢he UK'S nations and regions lo decision-mak•rs in thè US studios and strearning companies The BFC is truly known for its bespoke approach to queries. clients aThJ UK inlrastructura an¢J wa always aim to be innovating to maintain that approach. We have addrtionally cdlaborated wilh stakeholders to ensure the UK remains at thè culling-8dg• of techrKJlogical discovery and exploitatson, as 8 partror on Government's Co-stsr inrtiative. Vve continue to develop our own knowledge of. UK-wide virtual production facilityes and volurne5 who berefit loo from our Pfomots)nal Virtual Pfoductvjn Directory. Games London- promotlon of an artisti¢ and cultural excellence Supported by the Mayor of London, project funders and industry partners, Garn8s London refle¢ts Film London's axtendad remit to prornole the creativty. artistry and cuttum of w¢J80 game5 and interactive entertainment Or* of the kèy eumural aim5 is to lackle the wider issue of changing per￿ptIOnS artyjnd garnes and interactive content by raising aWa￿￿e$S about game5 8rnong5t the public and non4Jarnes a¥d￿n￿$. Games London aLso runs a year-round programme of support for emerging game5 businesses. In 2024, this indudad the second year of a programme funded by the UK Sharad Pr05perty Fund called Game Changer This schemè supported 48 founders from underrepresented badon emissions and air pollutants emitted by vehicle transport 8nd mobib power units Igener8torsl in pr¢xluctson. Phasè11 of The Fuel Project tske5 an in-depth look at what this move to new. low carbon tsthnologies would mean lor our climate and lor the industry In September 2024, Film London and Creative Zero launched The Fuel Project Shift Report at a roundlable at Conway Hall. The report looks at decarbonising supplier transport and mobile power ftsr London's Film and TV Industry. Supported by Neffiix and Sky. the report Includès key rec(Ynmendalions for industry action In thè London Metropolitan area. wrth the hope that findings can be shared acioss UK and beyond The report also offers Industry $upplièts. alongside the industry at large. an Insight Into what a just transition ity de¢8rbonised vehicle and mobile power technolc¥Jiès might look like. At the launch. broaiycasters, streamèts, suppliots. 5ustsin8bility professionaL8 and prOdU￿r$ from across Ltsndon Met to tak through the report's findings, discuss feedback and explore possib18 next Steps for a swift transition away from fossil ftjels Key recornrnendations ol the report rawe from financing tha transition to expbriThJ new business m¢)Jels The Brltlsh Fllm Commi18lon ￿ntInueS to support US clients and the LIK production Intrastructure 8cross regions aThJ natsons to keep ourselves best plac6d for sutsess through sorne charoing dynamics in tr* global industry continue to work dosely with industry and partnets to capitalise on the aroas of the sector that show room for growth. Ths BFC i¥ also at the forefront of beirvJ helpful an¢J collaborats.vè partnsrs In co-PToduc)'on mcthls across different junsdictions and provKling fvll-service support to clients on their corporatè sotsal responsibility agendas. We are committed to keeping the UK a world-cla55 d8stinab.on for film and TV prodUct￿n. During 2024_25. Gam•s London continued the work estsblished with its Green Games Gutde to conts.nue educab'ro busine5se5 about green Issues an¢J sustainability matters in gam85 Produc￿"0n Games London exrects lo updatè the publication durin9 the 25-26 period In the meantime Garnes London onc8 again supported the Best Places To Work awards for wdeo game5 in Seplember 2024 to deliver a Green Award- the wnner of which w85 a London-based games team forthe thircl consecutive year Thi5 year Games LorKSon also became a membfrrof the global Initiative the Sustainable Games AS1iance to spread further awarén•5s about how environmental issues and games intersect. The charity has also ba8n pro3ressing ts journey to net zero across all three brands. WO￿l￿g in partnership with Neptun• Sustainabilty. we havè a carbon reduction plan to achieve net zero by 2040 wrth an inierim targ81 of SO¥0 ernissions reductions by 2030 Page 8 DocusHJn Envdope ID. A7C9M26-IB6A4F6B4DC64267BBSF11 FILM LONWN REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2026 Obltetlvè 2.. Provide educatlon and tralnlng In the art and produetlon of film, televi$ign and the movlng Imag• While the now tax credit for independent film generated some optimism among those trying to finance a feature film. the landscape for new and èrnerging independent filmmakers in London remained difficult in 2024 With publicfvnders focused on prioritssing the nations and ragions ofthe UK. a downtum in the TV and advertising Industr*s {Whe￿ many Independent filmmakers histoncally find bread-8nd-butter freelance workl and the wtential threats from Al coming Into cbarer focus. it was a challenging year lor morale Howèver. dtrspite the glcKJrn. our supported filrnmakers made some gr¢at work and found success on the International fests.val circuit Early Career Tahnt: BFI NE7WORK Once again, the London r4ion rècewed numerous applicats'ons to the BFI NETWORK Short Film and Earty Dovolopment Funds IEDFI. Our èKecutive5 comrnissiored 6 short films, some of which ar• alr*ady starting their festivaljoumey after their premi•re at our Sc￿ning within the London Film Festival. They also commissioned 6 EDF troatments, one ofwhich. Dearly Departed. from wnters 8èhn8m Taheri and Gideon Beresford. went on to recei￿ £12.000 of Stage 2 lunding. to take the project to first draft. Itwas also agoc¥J yearforouralumni. as H8ry Lighton (Wren 8oys, 20171 made hisdebut featu￿. Pillion, which prérniered in Cannes 2025. and Ttrea Gajic. prernierer5 her debut feature, SuMwrrfJ Earth al SXSW- the prq'ect began its joumèy ceNing E8rty Development Funding from us in 2018 Rlslng Tal•nt'. Fllm London Labs. UP¥tre¥m and PFM New Talent Alongside more traditional offerings for producers and writerldirectors. our Labs programme a11ow•d us lo getto grip5 Wrth some of the hot topics facing the industry overthè last year Ourspring 2024 Lab. Al For Filmmake￿ land Other Frightened Creatives), allowed us to help our community explo￿ Al tools that might benefit them In their work and look lor thè ¢pportunities the rew technology wll create for them, rather than lèave them focused on the fear We also ran a Lab in July 2024. whith locl(ed al how talent can build their own IP and make use of the p05sibilities within the creator economy. leaturing sessions from Write￿ who use TikTok as a creative development and audÈnce developmènt tool. and frcm YouTube's Chades Kerr. on best practices on thè worfd'5 fastest growing streaming platform. Our Al Lab to a rw 8ritsh Council-SUPPOrted partnership with the Fondation Liban Cirema in Lebanon. Al In Film". A New CfeatiV8 Dialogue. The prograrnme will see us pair UK writers, composeTs and editors wrth Lebanese producers and directors to makè two short films using Al in every step ol the prO￿$s. Our Intention Is to go dèeper in helping filmmakers gel to grips with the new tools, to interrogate exactly how the tools help our ta￿nt In their prttess and where the limrts and liabilibe5 a￿. and to explore how everyone fè61s at)out ethics ofworking with the technology. The films will be produ¢od in summer 2025 2024 was also a grèat year for the Production Finance Market's New Talent strand INTSI. as our alurnni wntinued to find suc£ess presenting their films at festivals across the wortd Grand Theft Harn￿t INTS 20231 prèmièrsd at SXSW and won the Best Documentsry, before collecting many othèr laure55 8nd awards at subsequent festival screenirKJs trom BIFA to Vancouver and Sitges Last Swirn INTS 20201 prem￿￿￿ In Bèrlin and won the Generation 14+ Crystal Bear. Thè Cammony INTS 20211 premiered at the Edinburgh Film Fests"val and won the Inaugural Sean Connery Prize for Fealu Filmmaki￿. Th8 Tiath INTS 20231 premiered at TruelFalse', and Reawaening INTS 20211 P￿[niefed at Ihe Dublin Filrn Festival Perhaps uncoincid8nlally. as our alumni filmmakèrs 110w tyjr flag at fè$tNals around the world. the profi'le ol NTS has Incrèased, and application5 to the 2024 market more than double(l. With tho quality ol our aPpI￿all￿n$ risiTrJ alorrtJ wrth the quantity, the 2024 markèt was a gr88t succ￿5$ and we look forward io re￿IvIng updat8s from our most rscant cohort as their films kead Into produ¢bon and to the festivals beyond Page 9 Docusign Envelope ID. A7C9A426-1B6A4F6B-8DD64267BB5F1195 FILM LONDON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2026 Rising Talent= Fllm London Labs, UPstr•am #nd PFM N•w Ta￿nt (Con￿n￿￿> Along51de PFM New Talent. we also rebooted our èarly IP Showcase, UPSt￿am, which rè1uf￿d 83 an in-person event In March 2024. with regular updates of new projects bèing added to an online showcase across th8 rest of the year. The online updates In 2024 serv* as a pilot for a launch In Mar¢h 2025 of UPstrearn on Substsck, an 8mail subscription platfom, which allow5 US to launch new projects every month on a more Secure platfom). Our SubstsrJ( was launched at our in-person March event, at which we show¢as8d 11 new'lPstars" IOT ¢reatorsl at the London Transport Mu8eurn. We are happy lo report that lorall of th& abov? activity, across new and efflarging talent. we are meelirKJ our rep￿sents￿on targets an¢J continue to focus on outreach and relatronship-buikjing that hÈlp u5 ensu￿ that the filmmakets we support rèpre5anl the dernographu of London. Lo¢Je$tsrs In February 2025, we held the sixth I￿tall￿ent of our annual talent showcase, Lod8slaT5. al the Soho Hotel, cèlèbrating the crèatwes we are most exated about Irtstn across Film London's activity. The Lodastars forrnat was refreshed for tha tvent while throu9hout the showcase's history. our jury has selected th￿ finalists from our shortlists of six per category. tttis year we named the hvJhest-scoring finalist In each category a winner The February event cèlabr8ted an ultimate list ol ten Lodestars across all of Film London and Games London's OU￿Ut. on top of spotlightsng all 30 finalists. The Film London Lodestars 2025 Finali5t5 were Iwinners in boldl.. Animabon Y•gmlne Dl•dl•4lsh•rAzoume Mary Martins Gisola Mulindwa Artist Filmmaker Edd C•rr Anna Engelhardt Rivor Yuhao Cao Crew & Industry Vi¢ki Brown Caylan Samuel Georgie Yuklko Donovan Dirg¢tgr c$cl￿ Embleton Jaek Kin9 Savvas Stsvrou Exhikn"tor K51n London Intemational Anlmatlon Fe•tlval Rainbow Film Festival Games Sindi Brashani R•odah EISai• Beatka Wojcrdk Head of Department Ell$e Butt Jasper Enujuba Emms Garrett Pagè 10 Do¢u&gn En￿￿ope ID A7C9M26.1B6A4F6B4DD64267BB5F11 FILM LONDON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Lod•$tarn l¢onlnuedl ProdU￿r Campbèll Beaton Onane Pick B•tea Wolff Serèen Heritage Etl•nne Jo$gph- Hackn•y Archlves DKana Manipud- Brent Museum and Archives Genova M8Ss18h- Tower Hamlets Local History Library & Archive$ Mtriter Sasha Nathwani Vanèssa Rose Helen Simmons Fllm London's Artists, Moving Image Network FLAMIN IFilm London ArtiSt5' Moving Image Ne￿ort{l completed year two of the three.year NPO contract wth Art5 Council England. delivering support for artists working In moving image thrtsugh c(xnmissioning. developmènt programmes. advi￿ and aijvocacy. FLAMIN artist filmmakers benefited from continued access to training, resourc•s 8nd netwoths enabling them to make a significant and recognised contribution to the profile aThJ SUC￿55 of the Brrtish film and visual arts Industries. promthng a high standard of British artsstry and creativity. FLAMIN Productions supportsd arb'sts, long forn) film commission Thè Case For Space by artist Graeme Amfield ¢hrough developrnent and production. Currently at post-pr(xJuction stsge, It will be presented as a work in prog￿$$ at Barbican Cinemas and will seek festival Oisiribution later in 2025. Works supported through th8 sch￿ne were exhibrted and scr8en8d widely. Steven Eastwoo(I's Stim Cinerna. Co-created by mernbers ol The Nèurocultures Collective, a group ol nèurodivèrgent creaty've5. completed its p￿mIered exhibition at Nottj'ngham Castk and was thèn exhibited at the Grundy In Blackpotsl A feature film IteralioTr was developed and toured cinemas nationally Michellts ￿llIamS Gamaker s Thieves was exhibited at Bluecoat Gallery in Liverpool and screened at Alcherny Film and Moviw Image Festival and Courtisane festival In 8elgiutn. Onyekalgwe's film. A Radical Duet. was exhibited at PeerGallery in London and at CCA Glasgow, and screened at Prismatic Ground festival in New York. FLAMIN continued to support earfy ¢aTeer rnoving irnage artists with mentoring. development and production support. The seventh round of the FLAMIN Fèllowship took place for six practrtionèrs racèiving rnentonng and finan￿ to develop new works. FLAMIN curated an onlinè and exhibition presentation ol thèir work altsngshye FLAMIN Alumni artists as part of B3 B￿nn181 in Frankfurt. continuing thi$ ?stslJished partnership. The pa￿ Your Palh collaboratson with VKYeotage Hong Kong and G39 Cardiff concluded with a show¢ase of collaborative projscts beiw8en UK and Hong Kong basod artists as part of the British Council Spark Festival in Hgng Kong New works w&ro pr(*Jucèd lor an installation and ￿irtUal perfomances 8cros$ spa￿5 in Hong Kong's Airside Centre In October. FLAMIN worked again with videodub to present the Selected UK tour. a touring programme ol woth by e81ty career artists Se￿¢ted by thè shortlisted Jarman Award artists each year. The tour showcased nine films by arbsts from underrepresented backgrounds and traVel￿d to six UK venues and one online presentabon Other partnership Pfoiects induded working with Accumulate, Art Schod lorthe Hotne￿$5, to deliver. in partnership wrth Ravan$bourre Universty. a filmmaking workshop to 8 group of people who had exwnonted homelessness Pagg11 D0¢￿$Lqn Envelope ID. A7¢9￿￿lB6A4FoB.8DDG4267B8sF1l9s FILM LONDON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 FSIM London's Artlsts, Moving Imag? Nelwork Icontlnuedl The 17th editson of thè Filrn London J8rrn8n Award took place in partnership with the Vvhitechapel Gallery and the winner. Maryam Tafakory. was announced atari award cerernony atthe Soho Hotel In the lea¢J-up. FLAMIN presentèd screenings and talks profiling the shorNisted 8rtiSts in partrership with seven UK venues indudiw two days of Èvents at the itechapel GaI￿ry. FLAMIN. London's Screen Archives and 8￿Tht Museum and Archives collaborated on an artists. archive residency. Followng 3 call for applications, arbsts Arwa Aburaw? and Turab Shah wère selected to participate in tr￿ new artist residency. to result in a new work to be p￿seTrted In 2025 FLAMIN alumni pre58llted 5010 exhibrtions al major insbtutsons in the UK and intemation81ty. Devèloped through FLAMIN. New Approaches schome Melani8 Manchot'5 experimentsl documentary featu￿. STEPHEN. p￿V*Wed at the Barbican ahead ol its ¢1￿m£ rdease. Humbèr Street Gallery, Hull premiered Larry Achiampong's first featu￿ ar¥J Andrea LL*a Zirnrnerman's latest feature-length woth pr6miorèd at ihe Intern8b'on81 Film Festival Rotterdam. Alumni Evan Ifekoya, Onyeka Igwe. Sweatrnother & John Akomlrah showed at the 60th Venice Biennale FLAMIN Alumni 5010 exhibitions were hosted by Arcadia Missa. London Ionyeka Igwel, Kunsthalle Giessen (Rathel Madeanl. Glynn Vivian. Wales (Heather Phillipsonl and Sgmerset House Ilmran Perrettal. Hetain Patel's exhibition Come As You Really Are embarked on a UK tour. opening al Ntsrth¢in Gallery for Contemporary Art before travelling to venues acioss country. Am05 Rex. Finland, presented a major solo èxhibition by artist Larissa Sansour Following its p￿mie￿ at Locarno Film Fèstival. Ben Rivers, new feature screened at tre Edinburgh Intèmaiional Film Festival London Film Festival featured Adonia Bouch8hri, Mahenderpal Sorya and Edd Carr in thè Exptrriment8 Works in Progress event, coordinated in collaboration wth FLAMIN. Projects dèveloped through previous rourxys of the FLAMIN Fellowship achieved widè audient% reach Rio Cinema, London presented the premiere of FLAMIN alurn Joseph Imlson s SHANNON and MSUAL Carl¢)w. Iièland pie5enied an exhibition by Ho11y Mafie Parnell Marking 75 years of New COntemporar￿s. the annual exhibrtion of wotk by ernerging and early career artists, included FLAMIN Fellowship alumni Saul Pankhurst and Asmaa Jama. Worf< developed through the FLAMIN Fellowship re￿iVed festwal attention including work by Ronan mad{enz￿ a¢ Push Festival. Manchester and Ann Arbor, Michigan. and Chri5 Chikys at Edge of Frame. London. The fourih edIt￿ll of FLAMIN Animations took place and four new commissions by emeigènt Blad( artisl animators were supported in production. Thè four FLAMIN Animations artists. completed films premiered at the New Black Film Collective XPO at Rich Mix and two of the artists atttrnded and Spoke on a panel about their work. FLAMIN Animations. Aliyah Harfoot'5 new work premiered at the Edinburgh Intemalional Filrn Festival In the Animation Shorts programme. Gisola Mulindwa's FLAMIN Animation5 commission $¢reened as part ol the Artists. Film International Associate5 programme al FORMA Yasmine Diedie-Fisher-A20ume's cornrnis3ion s¢reened at London Film Festival's Rèdairn The Frame, South London Gallery an¢J Humb•r Strt•t in Hull. Pag¢ 12 Dvcu5yn Envelope ID A7¢9M26-1B6A4F6B-8DD64267B85F1195 FILM LONDON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 202S Brokerlng access to jobs through Skllls Funded by the Nats"onal Lottery. Film London ￿ad$ the M&tro London Skills Cluster alongside the National Film and Television School. focusing on London and Buckinghamshiie, Hèrtfotd5hire, and Surrey. Collaborations I￿lUde thè Association of Colleges, Capital City College Group. London Higher, and M1ddlèsèx Uniwtsity Partnerships fomied during this period include Film Fixer for Location Marshall training, John Yorka Story for Production A(Lounting, NBCUniversal for Hair and Makeup, and Talking Point Films for Art Deparbnent Props Making. wrth the programme running uniil Apnl 2026. Throughout the last yaar. wé continued to wotk with the C8piial City College Group ICCCGI, employers and other stakeholders on thè ¢Jelivèry ol the Creative Skills Academy ICSAI. In August 2024. the Adult Education Budget IAEBI was renamed the Adutt Skills Fund IASFI. The CSA programffle sgts out to create a sustsinable pipeline ol skilled laboui (new entrants and industry returners) to address the ongoing skills shorta9è a¢ross all areas ofthe screen irKYustnes (film, TV, animation, visual effects and games) with a particular locus on undei-repiessntsd groups. Across 2024-25, Filrn London delivered the ft>llowing AEBICSA courses Animation Toolkit lusing Procreaté Dieams),. '8uilding a Naurodivergent x Neurotypic21 Workforce,. 'Composing Music for Screen. (two iterations). 'Discovering Games Roles'.'Employability & Ski115 Training, Ilwo Iteratnn51, 'Introto Anim8tion'.'Intro to Art Department., 'IntTo to Developmènt,. 'Garne$ Bu$ines$ 101., and 'Ptsckstart Your Vidao Editing Career (using DaVin¢i Reso1vel'. In May 2024. we launched the Screen Entrant Training Programme IS.E.T.l. whith gives successful appli￿nts the opptsrtunity to have one to kn weeklsl of work experience on sel, in their chosen depathent. as wèll as acce5S to pre- plaom•nt traini￿ and post-￿a¢ernent support from the EAN In the autumn. Film London partnorad wth Screenskills to project manage their'Fitst Brèak. programme in London in collaborats'on wrth 60 Forty. This Included an Open Door5 event. a 'TV Needs-tO-Know' trainiNJ day and Stan¢Jout on Sèt course The Univer581 Pi¢*ure5 BekJw-The-Lire Traineeship retumed, this time lor six train•&s on Juiassic Worfd". Rebirth in the Art Department. Costume. Production Office, Props, Sel Decoratson & Studio Unit Location. Thère were also fvjo tr8ineeships on How to Train Your Dragon. We aL80 delivered 'Below-The-Line Standout on Set. and 'Slandout on Set- VFX. courses In partnership with NBCU. Across Ihe year. the EAN'S partnerships with UKTV IAII Voices 4.01. 60Forty Films, and Two Brothers Pi¢ture$ Iwork T8Ster Progr8mmél ¢ontynued. In late October - eady November. the EAN deliVe￿d an 'EMployab￿lity Skills, course SUK¥)Orted by Two Brothers. We worked with NBCUniversal and Chnstine Blundell Maké-LJP Academy on their Hair & Make-up Accelerator programme and ts a¢¢ompanying'Standout on Set. course. In Decembef, we launched the Aesthettcs Academy, our new Hair & Make- up programm8 supported by Sony Pictures Entertainment and Channel 4 OUt￿a¢h wrth training by BLack Beauty RosteT and I￿[ Ac8d£my. Vve supported Talking Point in r6crurtin9 for thèir'Entry to the Art Department. course aimed at those who wanted to buikj their knowledge and ne￿orkS for working in Film & TV Art Departments We also supported recruitment for Dimensh)n + GEI who offeièd 'Rise Up, _ a free Virtual Production Assistant Training Programme in the summ&i. designed lo provide uniler-repfftsented talent with an opp)rtunity to train in a new CUtting￿dge virtual productKJn studio. John Yorke Story provided 'lntioduction to Production Accounting, course$ for EAN members. They also delivered an online'step Up to Production Accountant. course, Ithich was preceded by an opall day. In late 2024. th6 EAN established the Crew Devoloptnent Hub ICDHI, a training programrne with the core aim ol nurtufing and ffjtaining talent Nwthin the scrèen industnè5 In partngrship with 60Forty Films. the course was designed to support those with experien￿ in the Film and TV Industry to e￿vate their careers Pagè 13 Oocuspn Envelope ID.. A7C9AA2&1B6A4F6&80D642678B5F1195 FILM LONDON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2026 Brokering aecèss to lob¥ through Skills l¢ontlnuedl In February. Film London hosted tsur first Skslls Summit at the London Se￿n Academy. as part of our Metro London Skills Cluster activity. The flagship event was ¢pgned by 8 keynote speech from Bianca Gavin (Head of Pioduction- Scripted, Pulse Filrns and Chair. Pr£#Ju￿10n Guild ol Grtrat Btrtainl A ne￿orkIng reception closed the event. In October 2024. the Skills team soft-launched Film London STRIDE. This new platfomi is designed tO"fevdub"oni58 how we connect and grgwwithin the screen Industry,. New and èxisting rnernber$ ofthe Equal A¢r*ss Ne￿Ort£ are being asked to 51gn up on the ngw plattorm As at the end ol March 2025, there wèio 1.972 Mernt￿r5 of the Equal Ac£ess Netwowk Ibastd on tha naw platform's datal. Gam•s London Diverse talents and perspectives continue to be vital for building a more diverse games Industry. In thè pèri¢)d ending 31 March 2025, our games programmes indudèd. the second editson of Garne Changer, a new business developrnent prograrnme forfounders from underrepresènted backgrounds. Ensgmble, which focuses on games industry crèative5 trom Black. Asian and und8rrepresenled ethnicibes. anL1 our Games London Acc¢lèiator. which this yearensured that over 50Q of its 8 Incubaied businesses were from diverse baderSh￿p. Future D•v•lopm•nts and Funding The beginning of the new financial yèai 2025-26 is rnarke(J by financsal stabilrty. Across our th￿e brands- Film London. Games London aThY the British Film Commission- we Colltifiue to work with funders, Stakeholders and industry to trnsure we maximi5e our contribution the sustainable growth of our industry. d81iver bespoke programmes an¢J valuabk support. Dsver51ty, equity. in¢lu$ion and sustsinability remain an intagral part of our cornmitrn?nt. The GLA has renewed its cornrnilrnent to Film London and Games London wth a mults".yèai fLtnding agreerngnt tha¢ allows us to sustain our wortr across film. TV, animatson and games Our ￿ndIng agreements with the British Film Inststute all(Iw us to continue rjur WO￿ across our core ￿rnIt acr05S the British Film Commission and Film London's woth on Nelwork. Hub, Ski115 Screen Archives as well as our Iwo core rnarkets London Screenings an¢ the PFM. As a NPO, we continue to bÈ in receipt of Arts Counal ErvJland funding to continuè dèlivering our unique FLAMIN awards and support programme for eMer￿￿t and rnid-career moving image artists We have renèwed our DCMS funding for the British Film Commission throwJh to the end ol Mareh 2026. In the autumn of 2026, we will need to reapply tothe BFI lor Film London for a renewal of ourthree-year lottery agrasmènts across Ne￿Ork, Hub, Skills and Screen Archives. We expect tts be in a slroTrJ p05itron lo ￿reW funding agwmènts However, Film London has fa￿d funding redudions In the past and has worked with its B08rd to restructure the company to alh)w for cutbacks when requsred We have robust planning prO￿$se$ In place Whe￿bY we draw up funding scenarios in the autumn ol the financial year refiecting dist￿$s1on5 Wlth funders allowing us to make adiustrnents il roquired by the end of the financial year Film London also rewews annually thè costs of a dosing down ￿nariO and has sufficient reserves in place to dose the cornpany shoukj It be required. wth the continued growtt) of oui Industries, increased costs as a result of Infiation and Increasès such as Nl. we la challenges that we will nee(1 to navigate caiefvlly Film London, the Brity'sh Film Commission and Games London will continue working wth government. Stakeho￿jers and Industry for our industry to be a key contributor to sustain growth and to support 9ovarnmènt in key policy are85 such as levelling up. Page 14 Docusign Envelope ID. A7C9A￿8-l96A4F8￿eDo64267BB5Fl195 FILM LONDON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Prnmowng and advanclng the V￿Ual arts In London And Gr•ai Brltsin Tal•nt Dèv•lopment- NETVK)RK and FLAMIN BFI NETWORK will ￿M81￿ at the heart of ourtalent development programme enabling excits'ng and dwgrse London talent to pr(xJucè and makg short filrns. Our FLAMIN Fellowship. our new FLAMIN Animations strand, 85 well 8$ our FLAMIN Pr(KJuctions and the Jarman Award will continue to support and foster artist filmmakers The New Talent strand of the PFM, our Labs programme and UPsirsam are cornerstone5 in developing. promotsng, recognising and connecting talent. The Metro London Skllls ¢ILtster As we enter the th￿re year ol the Metro LoThJon Skills Clustèi. we continue to work in partnership with the National Fikn •nd Telev1510n School INFTSI. London Higher and the Assooation olColl6ges IAOCI and M￿dIe$eX Universty. the Capital Crty College Group IQCCI Working with industry, we continue to address thè skills shortage In the screen industry by growing our offer of tiaining and workforce development. This also works to ine￿ase tt)è divarsity olthe sector wod(force Fllm Cutturg. Fllm Hub London and London'8 S¢r•èn Archl¥•$ Film London continues to Invest in Audiences. Culiur8 and Screen Heritage. Film Hub London woths to make ¢1￿m8 rn0￿ accessible and better reflect London's divèrsè ¢ommunities. particulaty in areas outside C8ntr81 London From independent cinemas and multiplexes through to POP-UPs and local film clubs, we brin9 together hlm exhibEtots Irotn acros5 the city to learn trom and support each other. London's conts.nues tts support the rnernbership to.. kèep operatiro and remain resi1￿nt programme a broad and inclusive range of filrn sustain and develop their audieth￿ wrth a particular frtus public eroagement tackling social. econcrfrie and geographic barriers". young people aThJ familiès. and scween heritsge London's Screen ATchNes will Support the membership through". strengthening the ne￿ork. SeNI￿ng and understanding the members, needs connecting more people with Archive Film online and through inntsvativè screeniThJ 8nd educaty'on opportunities empowering our membets by offering training and capacity building preserving and celebratsng diverse stones to ensure that our collections represent the fvll breadth of London's communities ensuring a sustainable future through cornrnercaal income generation aThJ collaborative worf(ir¥J Bu8ln•ss Development Film London wll contynue lo deliver its key marf(ets wittt the London Screenings scheduled for June 2025 The Production Finance Market and rts New Talent strand will ba dalivered during the London Film Fests'val in October 2025. We will continue to support filming In London through our London Filming Partnership, sustaining London'5 reputation as a film-frientjly destination as well a5 promoting the capital's unique production intrastructure and rts extraordinary r￿h, cornpetitive and cultural offer to the global prc¥Juction industry across film. telew5ion. animation and cornmeruals Vi continue to develop and svstsin London's posth.on as onè of the wotld'$ top pl￿*u¢t1on hubs. providing guidance for 90vernmenl departments an¢J local authorrties and 5tr8ngthening our strategic partnership with the Mayor ol London. With London and the Styuth East ￿MainIng a key ttub lor content production as well as animation. games and post an VFX, London makes a significant contributson to the ovèrall national Industrial strategy London is very rnuch a 9ateway, which contributes to benefitting the whole of the UK. Our work In Games London Is going trom strength to strength April 2025 has seen the delivery of a very success￿1 10th annivèrsary of Ihe Games Festsval Building on that success the 11th Gam$$ Festival will be delivered in April 2026. The British Film Commission continues to support US dienls and the UK prodkjction infrastructure across regions arbj nations to underpin the growth of our Industry and Its intgrnational promotion. w411 support the deve1opmentof additK)nal stage space In the UK to secure a large share of content production and a Sustainab￿ future for1￿ UK production s￿tor. Page 15 Docusign Envelope ID A7C9M26-186A4F6B-8DW267BBSF11 FILAI LONDON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Our eommltment to •nvlronmontal and so¢S01 su8talnablllty Equity, Diversity & Inclusion as well as Enwronmèntal Sustsinabilty remain key to sustaining growth. We continue to pla￿ these prionties at the heart of our strategy and delivery across our three brands Our aim is for sustainability to be reflected in our dalivery. snd corporately, through staff training, rècruilment. prwurernent. and by sèthng our own aMb￿lOuS but achievable goals mapped against the UN'S sustainable development goals". lrnproving health safÈty 8nd well-being for productionslon set Supporb'ng our sector In a transition to a zero ￿rbon worfd prOVid￿ng advice to our clients arKI through facilrtoting a¢￿$$ to appropriate resou￿$. Creaty'ng S￿la1 valuè to achieve 8 more indusve and equilable soC￿ty. Supporing our stakehohlers and UK intrastruclure through partnership working Supporting our clients through Out￿aCh to produ¢tion partners to identify and undetstsnd the challenges they may fa￿ translating thèir initiative5 to the UK P8rtnership working and learning from and sharing best practic8 in thase arèas wrth other film commissions. Industry and stakeholders. Partnerlng globalty - European and Int•mallonal eollaborntion Partnership working r¥mains at the heart of the agency's ethos and we are cornmitted to sustaining and growin9 our European and International partnerships On the BFC side wè are seeking to strengthen our rèlatlOn5hips with European partnèrs and work closely with all US studios and streamers and our LA-based team Is in daily conlactwith partners In the US and Carkya On the Film London side. we continue to pla￿ a particular emphasis on working wth a wide rangè of European and global partners Melboume Intemational Film Ma￿et, South Afri￿ Film Commission, Nethertands Filrn Fund and EAVE are Partners of the PFM We continue to èxthange best pra￿1￿ with some key partner5 of our Green Screen project. Promalaga In Spain, Flandets Audiov15ual Fund in Bekjium. Southèm Sweden Film Cornmi8sion in s￿d￿N. Pails Region Entrep115e5 in Fran￿ and the Slovak Audtovisual Fund I Slovak Film Commission in Slovakia We have ongoin9 partnerships exploring opportunrties for promtsting the soft power and benefits for tourism from filming working with the Austrian Filrn Commission, thè Italian Film Commissions, the Spanish Film Comfflis5ion and Malta Film Cotnfflis5ion as well a5 Southern Sweden Filtn Cornmission Vve continue to be actsve partneT5 of AFCI. Cine Regio and the Eur¢)pean Film Commission Ne￿Ork IEUFCNI. Financial review a. Remun•ration policy The pay ol Fikn London staff is revEwed annually by the Finance C report to you if, in our opinK)n'. adequate accounting records n¢t been kept, or returns adequate for our audit h8vo not betrn received from branches not visitèd by us, or the financi81 statements are not In agreement with the aecounting record$ and retums.. or rtain disclosures ol ¢Jirectors' rèmuneration specified by law are not made." Of we have not received all the information and explanations we require for our audit. or the trusteè5 were not entrtle¢J to prepare the financial statement5 in accordanr£ with the small companiès, iegime and tske advantage olthe small cornpanie5' exemptions in preparing the directors. report and froTn the requirement to prepare a strategic report. R•spon#lbllltle8 of trustses As explained rn0￿ fully In the trustee5' responsibilities statement set out on page 20. thè tfustèes Iwho are atso t directors of the charitable company for the purposes of company lawl a￿ respon51ble foi the preparation of the financi statements and for ￿Ing 5ali$fiecJ that they give a true and fair v￿w, and for such intem81 control as the trustees dèttrmin is necèssary io enable the preparation ol financial statoments that are free from material misststement, ￿￿ther duè to traud or error. In p￿paring the financial ststement$, the trustees are ￿spOnsIb￿ for as5e55ing the charitable Company's ability to continue as a going concern, disclosiThJ. as applicable. matters relatad tts going ¢gncern and using the going concern basis of accA)unbng unless the trustees either intendlg Ik]uidate the charitabte company orto ceasè operations, or have no realistic alternative bul to do so. Auditorfs rosponsibilities for the audlt of th• financial $tat8m•nts Our objectives are to obtain reastsnable a5sur8nce aboutwhetherthe financial statements as a who18 are free frorn material misstatement, whether due to fraud or error. and lo Issue an auditor's report ihat includes our opinion. Reasonablè assuran￿ is a high level of assurance. but Is not a guarantee that an audit conducted In accordan￿ with ISAS IUKI will 81w8y5 delect a material misstatement when it exists. M15Statements Can arise from fraud or error and are considered maierial Il, individually or in the aggregate. they could reasonably be expected to Influence the economic deasions of users taken on the ba*s of thesè financial Statements. The specific procedures for this engagement and Ihe extent to wh￿h thèse are capable of detecting Irregularit￿$, including fraud is detaikd balow". Enquiry of management and those charged with gov•manca around actual aThJ potenbal litigation and daims as well as actual, suspected and allaged fraud. Reviewing minutes of mtatings ol those charged with govemance. Assessing thè extent ¢f Th)MplIan￿ with the laws and ￿gUlationS considered to have a direct material effect on thè financial statements or the operations ol the company through enquiry and Inspection.. Reviewing financial statement disclosu￿$ and testing to 3upporb.ng documentation lo assass compliance applicable laws and re9ulatsons". Performing audit work over the nsk of management bias and override ol contro15, Including testing ofjournal entries and other adiustmgnts lor appropriateness. evaluating the businèss ratonale of significant transactions outside the nomial course of business and revièwing accounting estimates for indicators ol potential bias. Irregularitses, Including traud, 8re Instances of non-compliance wrth laws and wulatlons We design pr￿dureS in lin& with our responsibilityds, Outlined above. to detect material rnisstatements in respsct of irrfgularities, including frau 88c8use of ihe inherent limitations of an audrt, thèm ￿ a risk Ihalwe will not detect all irregularities, induding thosè leading lo a material misstatement In the financial statement5 Qr non-complian￿ with regulabon This risk Increasès the rnore that compliance with a law or regulation 15 removed from the events and transactions rèflected tn the financial ststements. as we will ￿ les5 likely to bec¢yne aware of instan￿$ of non-complian￿ The risk is also greater regarding Irregulantiès occurring due to fraud ratker than error, as fraud involves Intentsonal conrE8lrnent. forgery, collusion, i)mis510n or mi$rgpr?5ontabon A further d•Scrpts"C￿ ol our r9sponsibil￿es is availableon the Finanual Reporting Counril's websrte at". https.11￿w.Ir¢.Or9 uklOui-WorklAudivA￿rt-8nd-3$Suran￿Istandar￿s-and-guldant￿1Stand8rds-8nd￿Uld9n￿-f0r- auditorslAuditor5-respongbililies-for-audiVDescription-of-auditors-rssponsibilities-for-audit aspx This description fomis part of our auditor's r8port. Page 22 Docus*n En¥eloFe ID." A7C9￿&]86A4F884DDM678bSF1195 REPORT OF THE INDEPENOENT AUDITORS TO THE MEMBERS OF FILM LONOON Us• of our r•port This report is made SO1•￿ to th8 ¢haIrtab￿ company's members. as a body. In oceordance with Chapter 3 of Port 16 of the Companies Act 2006. Our audilwork has been undertak8n so that wè mighlststeto the charitable company'$ members thosa maknrs w¥ a￿ required to statetothem In an auditor's report and for no otherpurpos8. Tothe fiJll*$textent permitted by law. we do not accept or assume responsi￿.1￿ to anyone other than the chantable ￿m￿nY arky th8 charrtabl¢ company's membors a$ a bvdy. lor our audit work, for this report, or lor lh& opinitsns we have fomied. John Howard IFCAI (Senior Statutory Auditor) A20t$ Audrt SeNio8 Lirnbted Ststutory A￿JitOr 2nd Floor, Regis House 4S Kiro ￿tIl#M Stretrt London EC4R 9AN Date il+ 4 e)ir P•90 23 Oocvsvjn Envelope ID.. A7C9AA2&196A4F6B-8DW267PB5F1195 FILM LONOON STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2026 2025 Unr••trlet 2026 R••trl¢t•d 2025 Total fund• 2024 TotAI fvnd¥ INCOME FROhl Dono1ion5 and *gac￿$ 380.940 416,940 256,369 Charita￿0 aCtivit￿S 2,092,257 4,772,972 0,865,229 6.311,930 Other tradiw 8cb.wt￿$ 80,190 80,190 73.316 Invgstment inco 36,388 22,930 Total 2.244.835 5,153,912 7,398.747 6.663.646 EXPENDITURE ON Raising funds Choritabl• activ￿￿$ 234.122 2.000.6C6 234,122 7.164,618 134.062 16.675 5,153.912 Totsl 2.234.728 5,1S3.912 7,388,640 6,650,737 NET INCOME 10.107 10.107 12,808 RECONCILIATION OF FUNDS Total funds brougm fomard 1.042.348 1,042.341 1,029.540 TOTAL FUNDS CARRIED FORWARO 1,082A65 1,052,4S5 1,042,348 CONTINUING OPERATIONS All In￿m• and ¢x￿nd￿r¢ •risen continuing activ￿0$. The note5 foTh part of thwg fin4n¢ial $tatsm•nts P¥g¢ 24 t)o¢u$yn Envelope ID." A7C9AA26-186A4F6B-8DCI14267885F1195 FILM LONDON STATEMENT OF FINANCIAL POSITION AT 31 MARCH 2025 202S Total lunds 2024 Total fund$ Notes FIXED ASSETS Intangib￿ assets Tangble assets 9,869 44.794 12 57,528 54,663 57.528 CURRENT ASSETS D8btors Cash at bank and In hand 13 1.201,669 1,857,861 627,4 2.442.677 3,059,$30 3,070.167 CREOITORS Arnounls falling due within one year 14 12,061,738) 12,085.3471 NET CURRENT ASSETS 997 792 984.820 TOTAL ASSETS LESS CURRENT LIABILITIES 1,OS2,455 1,042,348 NET ASSETS 1052 455 1.042.348 FUNDS UnrestndÈd funds 15 1 052 45$ 1.042.348 TOTAL FUNDS 55 1.042.348 These financi81 ststernents have been preparod In accordance with thè spacial provis1￿5 of Part 15 olthe Companies Aet 2006 rel8ting to srnall charitable companies. The finanaal statèmènts wtrié approved by the Board of Trustees on 30 July 2025 and were signed on rts behalf by". Daniel Batt8¢k 01￿Ctor The notes fomi part of these fr'nanryal ststements Page 25 DocLA8wn Env•lw ID.. A7C9M2&1B6A4F66-8DtN267BB5F1195 FILM LONDON STATEMENT OF CASH FLOWS FOR THE YEAR ENOED 31 MARCH 2025 2026 2024 Cash flo￿ frorn op•rntlng aetlvltl••: N•t ca•h {us•d Inyprovld¥d by operatlnq actFvltl 1588,1641 99,430 C•$h novrd from Inv••tlnq actlvltl••: Interest Pur¢has8 of intsn9ibb assets Purchase of pr¢pety. plant and equipment 36,388 19,8691 22.930 Not ca•h pmvldod byllu$od Inl Inve•tln9 actlvltl 3,349 11,7911 Ch•ng• In ¢a•h •nd ¢a¥h •qulv•l•nts In th• y•ar 1584,8151 97,639 Cash and ¢ash equivalents brought forward 2,442.677 2,345,038 Ca•h and ¢••h •qul¥4l•nts ¢4rrlod forw•rd 1.167,862 2,442,677 R•conclllallon of not mov•rn•nt In funth t¢ n•t ¢￿h ow from op•ratlng aetlvlllo• Nèt Income for th& yèor 10,107 12.808 AdJu*thiefits for.. Depreciation charg8s Interest Ilncreaselldecrease in debtors IDecreasel in cr•Jitors 35,90S 136,3881 1574,1791 123,6091 54.635 122,9301 27f.775 1221,8581 Not ¢••h lu••d InVprovld•d by op•ratlng actlvlll 588 1641 Anaty•t8 of u•h and ¢••h •qulv#lonts Cash in hand 1,857,862 2,442,677 Tot*1 2,442 f77 Pag8 28 Docusign EnveJope10.' A7C9M2&186A4F6B4DD64267BB5F1195 FILM LONDON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 STATUTORY INFORMATION Film London is a chantable company. limited by guarantee and incorporated In England. Thg mèmbers of the Charitable Company a￿ thè Trustee$ named on pa9e 19. In the event of the Charitablè Company being wound up. Ihe liability in ￿spect of the guarantee is Iimrted to £1 per membèr tsf th& Charitable Company. Film London meets the definilion ol a public benefit entty under FRS 102. ACCOUNTING POLICIES 11 Basis tsf Preparation The financial ststernents have been prepared In accordance wlth ACC￿nting and Reporting by Charitses". Statement of Recommen¢Jed Practice applicable to charitiès prèparing their accounts in accordan￿ with the Finan¢ial Repor￿n9 Standard applicabla in thè UK and Republic of Ireland IFRS 1021 effective 1 January 20191- Charities SORP IFRS 10218nd the Companvès Act 2006. The Directors reviewed Film London's financi81$ IFinancial Statements 2024.25. current year to ¢Jate management accounts and cash flow) at thè Board tnoets'ng on 30th July 2025. as part of their regular assessment. a5 well as its principal risks, financial and otherwise At that time, they were satisfied thai Film London had suffiryenl resoureès tg conb'nue operating for the foreseeable future and account$ have been prepared In the knowledge that Film London Is a financialty viable Organisat￿n. Thè 2025126 budget approved by the Board In February 2025 showed that 77QA of the Film London's funding was at that point cornmrtted sin￿ then, Film Lon¢Jon has had further in¢orne sources confirmed bringing the confrrmed inwne lo 84¥. At the end of June the Governrnent published its Industrial Str8tegy and $upporting Creatve Industries Sector Plan. As part of their investment. the Govemmenl committed to a number of rne8sures re*vant to film & TV, including annual Investment 01£500.000 Into London G8m8s Festival for the next three years, as well as three yeats. secured ongoing fun(Jin9 lor the Bntish Filrn Cornrni5sion The cornbination of a four-year funding agreement with the Grèatèr London 8Uthority and this commitment btryond 2026 means that the chanty will continuè to bo In a strong posib'on beyond 25126, to deliver across its threg brands and existsng programmes. After reviewiThJ the Charitsble Company's f0￿caSts and projections, th8 dire¢tors have a reasonable expectaton that the entty has adequate ￿sOUrc•S to tonts.nue in operational existen￿ for the foreSeea￿e futura. Tho ￿n￿'ty therefore continues to adopt the going concérn basis In p￿paring its finanrjal statements. Assèts and liabilities are inrtially recognised at historical cost or transaction value unless otherwise ststed In the rebvant accounting policy Page 27 DocusJ9n Envelope ID.. A7C9AA26-1B6A4F6UOD64267BP5F1195 FILM LONDON NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTINO POLICIES- ¢onllnu•d Fund arxountlng Gener81 fvnds a￿ unrestricted lunds which are 8v8ilats￿ for use at the discretson ol the TTU5tees in lurtheranc8 01 the genefal objectives of the charity and which have not been designat¢d lor other purposes. Designat￿ funds comprise unrestricted fund5 that have been set aside by the Trustetrs for parb'cular purposes The airn and use ol each designated fund is set out in the notes to the financsal stst8rnenls. Rèsti￿t*d fvnds are ftjnds which are to be used in accotdan¢e with specific restrictsons impose(I by donors or which have been raissd by the charrty for particular purposes The cost of raising and administering such funds a charged against the specific fund Tr￿ aim and use ol each restnct8d fvnd ￿ sel out in the notes to thè financial statemènt5. Investment Incomt, gains and losse$ are allocated to the appropriat• fund. Ineomè All income is recognised 0￿e the Chaiity has enfr'tlement to the I[￿Orne, it is more likèty th8n not that the inci*ne will be received and thè amount to be re￿1ve(l can be ￿liablY estmat8d and any conditions wuired to recèive thè funds have been mel or are with the control ol the charity Contra¢*ed Income is rècognised accordiTha ¢0 the contract terms. Non-èvent sponsorshp and membership incoma Is rocogn158d in the yoar in which it is Invol￿d. Where Film London provides servi￿S in return for paymenL the income i8 recOgnis￿ when Film London ccKnpletes Its part of the agreement by delivering the Servi￿9. Grants relate¢J lo perfo￿anCe of contractual obligab'ons are recognised when the cotvJibons attached to the grant have been rnet, Film London has entitlem8nt to the income. it is probable that incom• will be re￿iVed and the amount ol income can be rneasured reliably Wnere entiuement of the Incomo doès not èxist at the balan￿ sheet date, income is deferrad and disclos&Y as liabilty at the yearénd. On ￿Ceipt, donated professional seNces and donated facilities are re¢t¢Jntsed on the basis of the value o1th8 9ift to th8 Charity which is the amount the Charrty wtsuld have been willing to Pay to otitain services or faalities ol uivaknt economic benefit on the opèn market, a coiie5ponding amount is then recognised In expenditure in the pericAS of recept In accordance with the Charibes SORP IFRS 1021, th8 economic ¢￿tribUttOn of general vc4unteers is not recognised in the accounts. Other incornè is recognised in the period in which it is receivable and to the •￿ernt the goods have been prov¥J8d or on complètron of the service Expendltur¢ Expenditure is rewgnised once there is a legal or constructive obliga*on to makè payment to a third party, It is probable tttat setdèmont will be required and the arnounl of the obligation can bè rnea5ured reliably. All expènditurg is accounted for on an accruals basis. All èxpèn*5 induding support costs and govemance eo$t$ are allocated to the applicab￿ expènditure headings. Fundraising costs t￿ those Incurred In seeking voluntary contnbutions and do not include the costs of disseminats.rng information in support of the Charitab￿ activib"es. Tangible flxed as$•ts and depreciatlon Tangible fixe(l assets are stated at cost less depreciabon Depreciation is prowded at rated ralculated lo wrrte off the cost ol fixed assets. less their estimated residual value, over thair *x￿ted useful lives using the straight-linè rnethod. Thè tangible fixed assets are dep￿CIated on the following basi5". Leasehold improvernents Office equipment 10 years 3-5 years Page 28 Ooojsvjn Envelope ID." A7C9AA26.1B6A4F69-8Dt￿287BBSFll9S FILM LONDON NOTES TO THE FINANCIAL STATEMENTS . CONTINUED FOR THE YEAR ENDED 31 MARCH 2026 ACCOUNTING POLICIES- contonuod 2.6 Intanglblo a8$•t¥ Intangible assets represent website costs and capitalised costs of trademarks and ar8 Statsd at cost less depreciation. Depr&aalion is provid￿ against iniangible fixed assets over 3-10 yeats. calculated to wnte off the cost over their expected useful livès, usiThg the slravJhl-line method. 2.7 Intèmt ￿CeIv8hIe Interest on funds held on deposit is induded when ￿e1Vable and the amount ¢an be measured reliably by thè Charity,. this Is nomially upon notificaty'on of the interest paid or payable 2.8 Operatlng lea8e8 Rentals under opwats.ng leas85 are charged to the Statement of Financial A¢tivits'es on a 51raight-line basis ovgr the ￿ase tèrm. 2.9 Flnanclal Instrumènts The Chanty only has financial £5sets and financial liabilities of a kind that qualify as basic financial Instrumènts Basic financial instruments are initially recogntsed at tiansaction valye and subsequently measured at t1￿1r $ètt￿rnent value with the exception ol loarns which are $ubsequenJy measured at amortisèd cosl using the effective interest method. 2.10 D•btors Tiade and other debtors are ￿cognised at thè sett*rnent amount after any trade discount offered. Prepayments are valuecl al th• amount repaby ngt ol ony Irade discounts due. 2.11 Cash at bank and in h¥nd Cash at bank and In ttand includ8s e8$h short term highly liquid investments with a short rnaturity of three monlhs or less from the date of aCqULSition or openiro of the deposit or similar account. 2.12 Credtiors and provisions Creditors and provisions a￿ recognised W￿ra tl* Charity has a present oblNJation resuth"NJ trcm 8 past eventthat will probably resuif In the transfer of funds to a ¢hird party and the amount due to settle the obli9ation can bè measured or estsmated rgliably. Creditors and provisions a￿ nomially recognised at their settlernent arnount after allowing lor any tradè discounts due 2.13 P•nslon c08ts The charity o￿lat&S a defined cgntribulion pension scheme. The assets of scheme are held separately from those of the Chanty in 8n independently adrn1niste￿ fund. The amount charged to the Statement of Financial Activitlès represents the contributions payabl& to thè 5cherne in r85pect of accounting ￿nc%J. 2.14 Critical accountlng èstimates and jud9ements In prepaftng the financial statsment5, management Is required to makè estirnates and assumptsons which affecl ported Intom8, expenses. assets. liabilit'es and disclosufy of contingent assets and Iiabililies Use of available Information and application of jUdg￿ents 8r8 inherent in the formation ol estsmate5. together with the past experience aThJ expectatsons of fLrture events that are believed to be reasonab18 under the circumstances Actual results In th• future could differ trom such estimates. Management do not consider there lo be any rnatefial awounting estimates oriudgements that ree(1 disclosu￿ In these financial 5t8ternents Paga 29 DOc￿￿j￿ Envelope ID.. A7C9M2&1B6A4Fe8-8DD64267BB5F1195 FILM LONDON NOTES TO THE FINANCIAL STATEMENTS . CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 DONATIONS AND LEGACIES 2025 Unrestrlct•d 2025 R•striet•d 2025 Totsl 2024 Total Donated Services 36.OOJ 380.940 416.940 255,369 36,0(M) 380.940 416,940 255,369 In 2024, 01 the total ir￿C￿& trtyn donation5 and legacies, £36.00ts was to unrgstrirte4 funds and £219.369 was to restritted inc¢yne. The charity Is grateful to Various organisations who donate their servi￿$ lor free or lor g reduced charge These Indude support acros5 a number ofacbvities induding venue hire, offits space, $￿aker1e9$. evenl accreditations, website events platfoTrn, travel and acts)modats"on. An equN8bnt charge is included within charrtable exwndrture. The chanty also bènèfits fiom the involvement and support ol its volunteets who makè a vital contribution towards their achievemènts in accord8n￿ with FRS102 and the Chantiès SORP IFRS1021, the economic contribution ol g$n¢ffjl volunteer5 is not recognised in the accounts. INCOME FROM CHARITABLE ACTIVITIES 2025 Unr•$trlet*d 2026 Restrl¢ted 2025 Total 2024 Total Promoty"on of wsual arts FLAMIN ProLJuclion ol talent d6valopm¢nl Film promotion and culture British Film Commission 1,282.378 50.085 73.362 554.432 I32.￿0 2.102,747 283,041 170,462 423,278 1.793,444 3.385,125 333.126 243.824 977.710 1,925,444 3,066,114 394.886 244,255 959,637 1,647.038 2,092.257 4,772,972 6.865,229 6,311,930 In 2024. of the total income from charitablè activitiès. £2.027,901 was to unreslricted lunds and £4.284.029 was to restricte(I funds. OTHER TRADING ACTIVITIES 2025 Unre8tri¢ted 2025 Restrl¢t•d 2025 Total 2024 Totsl Rental income Othèr inc¢me 47,471 32,719 47,471 32,719 46.341 26,976 80,190 80.190 73,31 In 2024, 01 the total incorne from o¢her trading aCtiwt￿$. £73.316 was to unrestricied fund$ and £NIL to restr￿ed funds Page 30 DO￿ts¥jn En¥elope ID.. A7C9A426.1B6A4F6&800U2878BSF1195 FILM LONDON NOTES TO THE FINANCIAL STATEMENTS- CONnNUED FOR THE YEAR ENDED 31 ￿R¢H 2025 INVESTMENT INCOME 2025 Unr••trktsd 202S R￿trI¢l•d 2026 Tot41 2024 Total Bank intorest 36,388 36,388 22.930 In 2024. of the total investrnent incoma, £22,930 wa$ to unrosln¢ted fvnds and £NIL to restrictsd funds. ANALYSIS OF EXPENDITURE St4ff A¢tlvltlo1 CM¢s Co•ts (not• 1Ql Grnnt Fundlng Support Costs (not• 81 2025 Totsl 2024 Tot41 R8i$ing fvnd$ 105,343 36,632 92,147 234,122 134,C62 PrornotiC*n of v4sual arts FLAMIN Production and taK8nt (le￿￿)￿nI Film productlon & ¢uttur• Bntish Film C￿M$s1 1.070,741 1.719,526 174,515 89.347 193.545 S7.559 $84.565 142,159 515.694 1,227.544 484.676 78.995 87 609 25S.S53 33e.594 3,274,943 3.042.330 357,707 397.924 336,470 315.489 1,103,566 981.291 2,081M32 1.779,641 14,850 12,2431 141,289 2.519.060 3.236.135 153,896 1.245.427 7,IS4,818 6,516,675 2,624,403 3.272.767 IS3,896 1.337.574 7,388,640 8.850,737 ANALYSIS OF SUPPORT COSTS 202$ 2024 Stsff costs Inot• 101 Oveth•ods Legal and prtsfes$i¢nal Audit and a¢¢tsunling f•¢$ 580.797 733,597 7,806 15,375 S50.568 712.061 2,071 18,0(Y) 1,337.874 1,282,7Lh) NET INCOME 2025 2024 This 1$ $latsd aftor charging. D*pr•ei8lion Auditors. rnmun•ratson OperatsrKJ baso rentals 35,904 15,375 141,203 54.635 18.oc 141,673 Page 31 Docusljn Envelop& ID.. A7C9M2&1B6A4F68-8D￿4267B8sF1l9s FILM LONDON NOTES TO THE FINANCIAL STATEMENTS . CONTINUED FOR THE YEAR ENOED 31 AIARCH 2026 10. ANALYSIS OF STAFF 2020 2024 Wages and salar Social se¢urty ¢osts P$n$ion ￿ntrIbutiOnS Other stsff 2.736,398 297.593 159.146 12,063 2.428.S96 265.138 136.42S 10,046 3.206,199 2,840.205 Thg lotsl staff ¢¢sts 01 £3.205.19912024.' £2.840.2051 indud8 £2.624.40312024." £2.289.6371 of direct Staff costs as $hown in note 7. plus £580,797 12024.. £550,568) which hav• be¢n allocated to 3UPPOrt costs Inote 81. 2026 No. 2024 No. The average numbgr ofstsff empwd duriNJ the ye¥r wa$.. Roi$iry funds Inward investrnent & busin•s$ t)•￿10FTh￿nt FLAMIN Production & ta￿nt develcyment Film pwnotion & culure British Film Commission SuFPOrt 23 19 12 12 11 65 S9 2025 No. 2024 No. Thg numter of wnployees whgBe Salar￿$ for the year lell within th• following b•rKl$ ￿re.. £60.001-£70,￿0 £70,001 - £80,ry)o £80,001 - £90,000 £90,001 . £100,0(K) £140 001- £150.IYXJ £150.001- £160,OCQ The key manag•m8nt P8rsonnd of th• th8rity ￿mpriSeS of the Chiel Executive Officer and the Ch•f Owr8lirwJ offi￿1. The total employee benefits of the key marsagement P8rsonn81 ol tha charity Wefe £301,71812024.. £285,660). During the year. no Trustees rec•i￿d any r•munoralion12024.. £Nill. During the y••r. T￿¢¥95 received reimburBement of £15.264 for •xp•ns•s12024.' £Nill. Pag8 32 D¢¢usign En¥eW)pe ID.. A7C9M2&1aOA4F6B-8OD64267885F1195 FILM LONDON NOTES TO THE FINANCIAL STATEMENTS . CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 11. INTANGIBLE FIXED ASSETS Intanglblo •8•0ts Cost At 1 April 2024 AdditKJn$ 40.200 9,869 At 31 March 2025 50,069 D•pr•¢lAtlon At 1 April 2024 Ch¥r9e l¢r the year 40.200 At 31 Mar¢h 2025 40.2QJ N•t Book Volu• AT 31 March 2025 9,869 Al 31 March 2024 12. TANGIBLÉ FIXED A&8ET8 L•a8•hold Improv•m•nts EquSpm•nt Total Co•t At 1 April 2024 Addition8 DispDsa15 253,249 23.170 98,621 351.870 23.170 At 31 Mar¢h 2025 276.419 98.621 375,040 D•preclatlon At 1 April 2024 Chor9e forthe year Dspreu•tion on disposa15 219.fj61 27.308 74.681 8.898 294.342 36.904 At 31 M8r¢h 2025 246.969 83.277 330,248 N•t Book Valu• At 31 Mar¢h 2025 29,450 15.344 44,794 At 31 March 2024 35,588 23,940 59,628 13. DEBTORS 20215 2024 Trade debtors Olhar d¢tytor8 VAT recoverable Prepayment5 and accru•d in¢om• 591.777 57.378 5,839 046,67fj 228.709 51,455 19,219 328,107 1,201.669 827.4 Page 33 Docusign Envelop ID". A7C9AA26-1B6A4F6B-8D￿4267BB5F1ls5 FILM LONDON NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 14. CREDITORS: AMOUNTS FALLING DUE blfjTHIN ONE YEAR 2026 2024 Tiade creditor5 Grants payable Other taxation and social sè¢uiity AG¢wals and deferred income 637,518 42.749 74.267 1,307.203 477.685 75,393 68,257 1.464,012 2,061,737 2.085.347 Analys18 of grants payabl? (all duo wlthln on• yoarl Grants committed but unpabj bl Grants committed In the yèar Grant5 pa¢d in the ygar 7S,393 153,896 1186,5401 99.937 194.079 1218.6231 Grants committed but unpaid clfvvd 42.749 75.393 DuriThg the current year £233,22012024." £369.74410l inc￿rne has been defer￿d and £190.14812024. £190,625) has been releasèd from previous Fericmys. Is. MOVEMENTS IN FUNDS Asat 1 Ap￿1 2024 Asat 31 March 2025 Income Expendltur• unrestr1¢t￿ funds General funds 1,042,348 2,244.835 12.234,7281 1,052,455 Rostrieted fund8 5.153,912 15.153,9121 Total funds 1,042.348 7,398,747 17.388.6401 1,052,455 Our restrrcted funding 15 predominantly fvjnding for specific projects from Art5 Council EThJland IACEI, British Film Institute18FII. Department for Digital. CultLJre. Media and Sport IDCMSI, D8P8rknent for Business and Trade IOBTI and Greater London Authority IGLAI. Comparatlve A$at 1 Aprll 2023 Asat Expgndltur• 31 March 2024 Ineom• Unrestrlct•d funds General funds 1.029.540 2.160.147 12.147.339) 1,042,348 Rèstrieted fund¥ 4.503.398 14.503,3981 Total funds 1.029.540 6,663,545 16.650,7371 1,042,348 Page 34 Docusvjn En%*bpe ID.. A7CW26-186A4Ffj8-BDD￿287B05F1l95 FILM LONDON NOTES TO THE FINANCIAL STATEMENTS- CONTINUEO FOR THE YEAR ENDED 31 MARCH 2025 16. MOVEMENTS IN FUNOS Unr••trkt•d Fund• R•$trl¢tsd Fund* Total 2025 Tot*1 2024 Intangibl? fix$d ¥s8et Tangible fixed assets Current assets Crfjditors due within one year 9.869 44,794 3,059,$30 12,061.7381 9,869 44,794 S7.S28 3,069,530 3,070.167 {2.061,7381 12,085.3471 1.062,456 1,052,465 1.042.348 Unr••trkt•d Fund• R••trlct•d Fund• Totsl 2024 Totsl 2023 Mov•m•nt In fund• l¢omp*ratlv•l Tangible f xed assets Intangible fix•d assets Current a$s•ts CredrtoTr due within on• y•gr 57,528 57.528 88,882 560 3,070.167 3,249,303 12.085.347) 12.307.205) 3.070.167 12,08S.3471 1,042.348 1,042.348 1,029.540 17. OPERATING LEASE COMMITMENTS Thè charitab￿ Company had totsl ¢ammitmonts for land #nd bu[￿Ing¥ at the year-end under non4ancelLab operating kas8s as foMow$'. 2020 2024 thin 1 B¢trJe¢n 1 aTrJ S years 112.702 169,054 112,702 112,702 281,750 Page 35 DocusvJn Ènvdcpe ID. A7¢9U26-188A4F68-8DCfj4267885F1195 FILM LONOON NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 10. RELATED PARTY TRANSACTIONS During the year th& Charitable Company entered into ¥ar￿S transa¢tion$ for servKes with related parb9$ ¥nd organi$abon$ that fonn part ol ihe Film Londor* programm& ¥nd its projects.. rltablo C Organlutlon R•lallon•hlp Chary• 2025 B•lanc• 2024 20 2024 BFC Consultancy S¢re•nin9$ Saffery LLP P¥rtner IJ Graydonl 10,500 12.0 115.7501 138,6281 Rio Cinem• Phoenix Cin6ma Act On• Cin￿$ Dire￿Or 10 Meekl 12,5001 Cha S•rvle•• Or9oni$otion Rol•tlon•hlp Charg• 2020 Balanc• 2025 2024 2024 Fee5 Imparfal War ustum Director IV Stanburyl 750 Spon$¢rship and fees Sponsorship N&ffiix Sponsorship Saffery LLP BBC Diroctor IG Atbel 6.000 17.7e6 7,200 Dir￿lOr IH Moselyl Partner IJ Graydonl 12,280 14,OQJ 26,4 2.399 13.999 2,400 Page 3e