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2024-03-31-accounts

Charity number: 1165046

Film and Video Umbrella

Report of the Trustees and Unaudited Financial Statements

For the year ended 31 March 2024

Film and Video Umbrella Contents Page For the year ended 31 March 2024

Report of the Trustees 1 to17
Independent Examiner's Report to the Trustees 18
Statement of Financial Activities 19
Statement of Financial Position 20
Notes to the Financial Statements 21 to28
Detailed Statement of Financial Activities 29 to30

Film and Video Umbrella Report of the Trustees

For the year ended 31 March 2024

The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 March 2024. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).

1 of 20

Report of the Trustees 2023-24

GAYLE CHONG KWAN, A Pocket Full of Sand , 2024, installation at John Hansard Gallery, 2024

Objectives and Activities

FVU Charitable Objects

The objects of the CIO are, for the public benefit to:

What FVU Does

FVU specialises in curating, commissioning, producing, presenting and touring artists’ moving-image work in the UK and internationally. Since its inception in 1988, FVU’s raison d’etre has been to bring outstanding examples of artists’ moving image to new and diverse audiences across the UK, and to popularise this exciting and vibrant artform to people who might not already know it, or lack an opportunity to see it. Although FVU made its name presenting and promoting existing works from the fields of video art and experimental film, our mainstay now (as it has been for some time) is the commissioning and production of new moving-image works by artists. The works that we make are usually developed in close collaboration with venues across the country, who contribute funding, act as curatorial partners and showcase the resulting pieces, which often travel between two to three such partner venues, generally in Great Britain, but also internationally. We commission between five and ten works per year, and it is our aim that they exemplify different creative approaches to the moving image (from film to digital, and often with a cross-artform, or broader interdisciplinary character). The finished works are shown in a variety of exhibition contexts, including galleries, cinemas and other public spaces, as well as online. We also aspire that they communicate a range of contemporary subjects and themes that will reverberate with different audiences. FVU's promotional and publishing activities (in print and online) are equally carefully considered with different audiences in mind, and the talks and events we curate are designed to offer further opportunities for the public to access and engage with our work.

A concurrent and intertwining aspect of FVU’s mission is to identify and nurture talent, and give it the widest possible exposure, while enabling it to realise its fullest potential. We do this by offering high-level professional support throughout all stages of a project’s development and production – a commitment to excellence that extends to the care and knowhow we bring to its public presentation. We enable artists to make step-change works, acting as a safe pair of hands in which they can expand or experiment with their practice,

working with new technologies, new ideas, or introducing them to and enabling them to collaborate with specialist expertise. Often working with early-career artists, we have a knack of identifying future winners and nominees of prestigious awards such as the Turner Prize and Jarman Award: Including Duncan Campbell, Luke Fowler, Isaac Julien, Janice Kerbel, Mark Leckey, Daria Martin and Hetain Patel. We have repeatedly commissioned breakthrough or step-change pieces that have taken artists’ works to new or larger audiences than they might have received before - thereby enhancing their national and international profiles.

FVU Aims

FVU will deliver its artistic programme according to the following aims:

  1. To deliver a broad and diverse artistic programme: a variety of projects nurtured for their artistic merit, scope and ambition and underwritten by FVU’s impeccable track record of quality and delivery.

  2. To support emerging artists who have not previously been commissioned, as well as more experienced artists who are on the threshold of becoming more established, where they lack the requisite backing from other sources to do so, to make work that reflects a step-change in their practice, providing a safe pair of hands in which they can push their ideas, try out new ways of working, and experiment with new technologies or interdisciplinary practices.

  3. To appeal to wide and diverse audiences via multiple different media, presentation methods and platforms.

  4. To foster an ethos of collaboration to develop innovative initiatives with galleries and other venues as well as organisations outside of the sector, both nationally and internationally, that can result in projects with the capacity to excite and cross-pollinate our audiences and expand on our genuinely national reach.

  5. To commission artists, and to engage a workforce and an audience that represents the diverse voices of the UK and elevate those voices to forward positive change and bring about equity both within and without the organisation.

  6. To offer our expertise and experience in commissioning and presenting artists’ moving image to individuals and organisations who may benefit.

  7. To advocate in the interests of the sector amongst stakeholders, from audiences, to Arts Council England, to government.

  8. To be a sustainable organisation, creatively, environmentally and financially.

FVU Principles and Values

Artist Centred: the interests of artists drive our activities. We work to facilitate the visions of artists and aim to have a positive and transformative impact on their careers.

Relevant and Responsive: our work is relevant to the audiences we serve, and responds to their feedback, prioritising the quality of their experience.

Bridge Builders Between Artists and Audiences : we have a duty to act as a bridge between the artist’s intentions and the audience, to render work engaging and intelligible.

Diverse and Inclusive: we know we are not there yet, but we are committed to ongoing learning and change to create true equity, and to proactively removing obstacles to participation in our field.

Risk-Taking and Experimental: we aspire to creative innovation – to avoid repetition and to challenge and push the scope of artists, audiences, the medium and ourselves.

Collaborative: everything we do is a collaboration with an artist, and often multiple other creative parties and organisations, and we are committed to going on a positive collaborative journey on every project.

Advocates and Critical Friends: we have a duty to advocate for the artists and organisations that we work with, for the medium and on behalf of the sector, but also a duty of candour to the artists and organisations. We are committed to providing constructive responses, and to challenging poor practices within the organisation and without.

Prioritising the Emerging and Under-Supported: emerging artists will always take up at least 50% of our programme, and we want to back the talents who are struggling to find support elsewhere.

Environmentally Sustainable: We are committed to urgently and drastically reducing our environmental impact, while doing so equitably and sustainably.

Achievements and Performance

Significant Activities between April 2023 - March 2024

2023-24 was another productive year for FVU, which saw us produce five new commissions at a range of scales, from low-budget works that we premiere online, to highly ambitious pieces for national exhibition presentation. These projects are summarised below:

GAYLE CHONG KWAN, A Pocket Full of Sand

GAYLE CHONG KWAN, A Pocket Full of Sand , 2024

A Pocket Full of Sand, was a large mixed media exhibition of new work by internationally acclaimed artist Gayle Chong Kwan that FVU produced in collaboration with our longstanding partner John Hansard Gallery, Southampton, with FVU taking responsibility for the film component and John Hansard Gallery working with the artist to fabricate the multiple other elements for the exhibition including sculptures and large-scale photographic work. The exhibition received coverage on the BBC and a positive in-depth review in Recessed Space. The exhibition garnered audiences of over 10,000, with widespread positive responses given in audience surveys. Audiences particularly appreciated the work’s address to local environmental issues, with comments such as:

I’d love to see the Gayle Chong Kwan exhibition at quay arts on the Isle of Wight. With all the landslides and coastal erosion we’ve had of late it was particularly poignant and emotional, and hypnotic to watch.

The exhibition sought to connect together two iconic geological sites: the Alum Bay sands on the Isle of Wight and the Seven Coloured Earths in Mauritius. These two islands, at either end of Empire, act as the anchor points of Chong Kwan’s subtly polemical work, which deftly discloses the colonial legacies that continue to percolate in the distance between them. In this, the regular souvenir-hunting forays of generations of tourists to Alum Bay (where thousands of visitors still buy phials of multi-coloured sand to take home) is contrasted with the extraction economy of Mauritius, which Britain transformed into a plantation monoculture to grow and export sugar.

AMARTEY GOLDING, Britannia

AMARTEY GOLDING, Britannia , 2023

A fifth project in an ongoing relationship with the Art Fund - to work with regional museums and galleries to expand their collections of moving image art while simultaneously expanding their experience of co-commissioning such works – was commissioned for the collection of Norwich Castle Museum and Art Gallery, in partnership with Autograph, London.

Born in London, Amartey Golding often turns to his Anglo-Scottish and Ghanian ancestry, by way of a Rastafarian upbringing, as a point of departure for his art. Britannia is a moving meditation on the artist’s English ancestry, a moment of reflection on our relationship with ourselves, our past and our environment through a portrait of Britannia, a symbolic figure deeply woven into the nation’s identity. In this new film, Golding offers a personal reframing of England’s pre-colonial past, exploring the impact traumatic periods in English history had on those who survived them; the hidden emotional wounds that may still linger, and how these experiences impact on the present. Golding casts a compassionate eye on his ancestry, and asks whether the pain, anxiety, and stress which is often palpable in presentday society is, in fact, rooted in this past.

Commissions for FVU Watch

In the year FVU released three new works that we commissioned for online presentation on our online viewing platform FVU Watch. The three artists were selected from applicants to a previous 2021 call for entries that we had run, BEYOND #2 . We offered each artist £5K to make a new work, offering complete freedom to develop a new film on a subject matter of their choosing, while providing them with FVU’s curatorial and production advice throughout. On release, each work was accompanied by a newly commissioned text. All works were provided with captions and audio description for those that require them. The three works commissioned are described below:

DANIEL COCKBURN, Ahead of the Curve

DANIEL COCKBURN, Ahead of the Curve , 2024

Daniel Cockburn’s video, Ahead of the Curve , is a flashback to that discombobulating period of the Covid-19 pandemic, where normal rules were suspended, and hearsay and speculation were rife. With people largely confined to their homes, the rabbit holes of the internet exerted a disproportionate attraction: black holes to doomscroll and get lost in, or wormholes through to a place of enlightenment. In a darkly comic narrative that always stays one or two steps ahead of expectations, Cockburn relays a tall tale that grows in the telling – a babbling stream of associations opening up disarming parallels between time present and times past, and whose serpentine digressions often carry a prescient glimpse of what might be waiting just around the bend.

MYRIAM REY, absent landscapes

MYRIAM REY, absent landscapes , 2023

In Myriam Rey’s absent landscapes phantom images from her family archive – places long left behind, and unable to be returned to - are video projected onto the artist’s face and

body, as Rey repeats the same set of almost incantatory phrases in three different languages (Arabic, French and English), as if trying to summon a secret spell or crack an elusive code. Subtle and poetic, absent landscapes is a poignant meditation on the invisible world of personal history that we carry around with us in our heads; images that splinter and fracture even as we try to hold them close, yet which stand out all the more sharply as a consequence.

SOPHIE HOYLE, Aphonia

SOPHIE HOYLE, Aphonia , 2024

Aphonia is the medical term for a loss of voice. In Sophie Hoyle’s video of the same name, an inability to make oneself heard, aurally, acts as an analogue of the struggle to make one’s presence felt, publicly, that regularly marginalises d/Deaf people and other individuals with different disabilities. There are, at least, ever-increasing means to address and redress this, and Hoyle mobilises many of them over the course of this 30-minute work, as audio description and closed captioning supplement its central scripted monologue, sometimes shadowing it directly, sometimes deviating from it, as if to destabilise or deconstruct it. This meta-textual dimension is also counterpointed by a much more tactile, almost visceral element, as the camera probes ever-more deeply into the cavity of the mouth; the tongue squirming and pulsing like an oyster, while the jaws clam shut.

Online Programme

In the months when we were not presenting a newly commissioned work online, FVU continued to present works from our extensive back catalogue on FVU Watch (our online viewing platform), on a monthly basis, often providing an opportunity to a writer to develop a new text to help situate that work in the present.

Access

We have been continuing to caption all content released online from full-length works to clips, trailers and artist interviews. In addition, we are audio describing all works specifically commissioned for online presentation.

Michael O’Pray Prize 2022

2023 also delivered the seventh edition of the Michael O'Pray Prize for emerging creative and critical writers on the moving image, in partnership with Art Monthly , supported by University of East London. The 2023 Michael O’Pray Prize winner was Leena Habiballa, and the runners up were Aislinn Evans and Natasha Thembiso Ruwona. Each of the three awardees was commissioned to write a new text that was published by Art Monthly and FVU.

National and International Touring

Meanwhile, past commissions continued to be exhibited nationally and internationally including:

Works commissioned via our online programmes between 2020 and 2022 were invited into numerous real-world exhibitions too, including:

Achievements Against Objectives

Of the five artists commissioned to make moving image commissions that were released in 2023-24:

Of the nine writers that we commissioned through the 2023-24 year:

In the year FVU's work featured in 27 real-world exhibitions and 26 real-world screenings, both across the UK and internationally, as well as in 19 events or education sessions and 44 online presentations. Across the year there were 14,487 exhibition days, reaching audiences of 505,475. Our work toured to 14 different UK towns, cities or regions. Only 15% of our exhibitions, screenings and events took place in London, with 16% of our audiences experiencing work in the capital.

We evaluate the quality of our work using the Impact and Insight Toolkit. This invites peers and audiences to feed back on different aspects of our work using sliding scales between 1-

100, for things like ‘captivation’, ‘relevance’ and ‘distinctiveness’. On average, peers rated our work 90/100.

Financial Review

Income

FVU is proud to be an Arts Council England National Portfolio Organisation, and receives a £386,301 annual grant from them. We also received £31,500 from Arts Council England to support our research into the feasibility of our move outside of London.

Our other most significant grant funding in the year, of £7,000, came from Art Fund as part of a substantial four-year grant of £100K to support four major new commissions by established artists Jananne Al Ani, Sutapa Biswas, Larissa Sansour and Søren Lind, and Georgina Starr that were delivered between 2020 and 2023, and continue to tour.

Although lower than in previous financial years (for reasons outlined below), project contributions from venues with whom we collaborate on developing and presenting commissions remains a strong income stream for FVU at £28,000. In 2023-24 we received contributions from the following exhibition venues, reflecting a small number of the numerous institutions that our works tour to up and down the country, and internationally, each year:

For the seventh and eighth years in a row we received a £500 donation (£1,000 total) from University of East London to support the Michael O’Pray Prize for early career writers.

Other income comes from audio-visual equipment hires, sales of publications and bank interest on our reserves.

The statement of Financial Activities for the year ending 31 March 2024 shows total income of £468,513 – down 14% on the previous financial year. This decrease in income can be attributed to a number of factors including:

certainty over funding for the subsequent years, during the final year of the funding cycle. This means that projects can’t be greenlit until funding is confirmed, creating a gap in project delivery.

Expenditure

The total expenditure for the year ending 31 March 2024 totals £487,068, down by 15% on the previous financial year, for the reasons outlined above.

Of the £487,068 spent in 2023-24, £248,828 was spent on support costs/overheads, while £238,240 contributed directly to our artistic activities. It is unusual for us to spend more on support costs/overheads than on artistic activities, which once again, took place for reasons already outlined.

The apparent overspend of £18,555 is predominantly due to pre-agreed usage of funds that were received in a prior financial year and had been designated for particular activities, including the hiring of a specialist recruitment agency to help us hire a new Director, as well as for the re-building of our website with a new content management system, required as a result of the old content management system no longer being actively updated by its developers.

Restricted and Designated Funds

At the close of the financial year we have £71 restricted funds remaining with £144,990 of funds that are designated to specific activities, including £10K designated as an access reserve to support work with disabled artists, and £50K to support pay for staff members who become new parents, in line with our new parenting policies. The remainder of 84,990 is designated to directly support our artistic projects.

Reserves

FVU retains a reserve of £160,000 representing six months' worth of our staff and operating costs, allowing us time to fulfil contractual obligations, should our core funding from Arts Council England cease, and the trustees then deemed it necessary for us to wind down the charity's operations.

Structure, Governance and Management

Governing Document

Film and Video Umbrella is registered with the Charity Commission for England and Wales and is constituted as a Charitable Incorporated Organisation. FVU was previously a not-for-profit company limited by shares, between 1988 and 2016.

Recruitment and Appointment of Trustees

There have been no new appointments to the Film and Video Umbrella board of trustees in 2023-24.

New trustees are recruited and appointed by the existing trustees. Skills audits are undertaken prior to recruitment in order to ensure a strong range of skills, and that those skills most needed within the organisation are added to the board. Trustees are also recruited mindful of the range of backgrounds of individuals that are contained within the diverse demographic of the UK's population that FVU intends to reach, protect and represent. When appointing new trustees, the existing trustees take into consideration the Equality Act 2010's ten protected characteristics, as well as class/economic disadvantage, social and institutional barriers. As an organisation that works throughout the UK, we also aim to recruit trustees living and /or working in a range of different locations within the UK, and as an organisation that works closely with artists, we always aim that at least one artist is a trustee.

Trustees are appointed for a period of three years, at which point they can be reappointed for a new term should the remaining trustees elect to do so. There is no maximum duration of service. Our constitution allows for a maximum of ten trustees and a minimum of three. New trustees receive copies of the following documents to induct them to the organisation and to help them to understand their responsibilities as trustees:

The overall responsibility for Film and Video Umbrella belongs to the Board of Trustees which meets quarterly, or more frequently as may be required, in order to manage the affairs of the charity. Day-to-day operational responsibility has been delegated to the Director, who reports directly to the board of trustees. Between April 2023 – 19 November the Director, Steven Bode had dual responsibility as both a trustee and a director. From 20 November 2023 onwards FVU’s new Director, Angelica Sule has singular responsibility as Director only.

FVU would like to thank Steven Bode, Cliff Lauson and Kate Wilson for their service to FVU, each of whom stood down as trustees of the organisation in 2023-24.

Reference and Administrative Information

Name of Charity: Charity Registration Number: Principal Address:

Film and Video Umbrella 1165046 Broadway, 14-18 Broad Street Nottingham NG1 3AL

Trustees

The trustees serving during the year and since the year end were as follows:

Independent Examiner

Andrew M Wells FMAAT Counterculture Partnership LLP Bank Chambers, Main Street, Hawes, North Yorkshire DL8 3QL

Approved by the Board of Trustees and signed on its behalf by

------------------------------------ 16/1/25 Gillian Fox (Chairperson)

Film and Video Umbrella

Independent Examiners Report to the Trustees For the year ended 31 March 2024

I report to the trustees on my examination of the accounts of the charity for the year ended 31 March 2024.

Responsibilities and basis of report

As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiners statement

Since the Charity's gross income exceeded £250,000, your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by virtue of my membership of Association of Accounting Technicians, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

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20/1/25
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Andrew M Wells FMAAT Counterculture Partnership LLP Bank Chambers, Main Street Hawes North Yorkshire DL8 3QL

Film and Video Umbrella Statement of Financial Activities For the year ended 31 March 2024

Notes Unrestricted Restricted 2024 2023
funds funds
£ £ £ £
Income and endowments from:
Donations and legacies 2 386,505 39,500 426,005 424,689
Charitable activities 3 38,722 - 38,722 119,902
Investments 4 3,786 - 3,786 646
Total 429,013 39,500 468,513 545,237
Expenditure on:
Charitable activities 5/6 (447,639) (39,429) (487,068) (574,977)
Total (447,639) (39,429) (487,068) (574,977)
Net income/expenditure (18,626) 71 (18,555) (29,740)
Reconciliation of funds
Total funds brought forward 323,616 - 323,616 353,356
Total funds carried forward 304,990 71 305,061 323,616

Film and Video Umbrella Statement of Financial Position As at 31 March 2024

Notes
Fixed assets
Tangible assets
12
Current assets
Stocks
13
14
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
15
Net current assets
Total assets less current liabilities
Net assets
The funds of the charity
Restricted income funds
16
Unrestricted income funds
16
Total funds		 £
2024
3,219
3,219
2,942
20,237
299,388
322,567
(20,725)
301,842
305,061
305,061
71
304,990
305,061		 £
2023
5,386
5,386
2,942
22,029
306,496
331,467
(13,237)
318,230
323,616
323,616
-
323,616
323,616

The financial statements were approved and authorised for issue by the Board and signed on its behalf by:

Gillian Fox (Chairperson)

16/1/25

Film and Video Umbrella Notes to the Financial Statements For the year ended 31 March 2024

1. Accounting Policies

Basis of accounting

The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011.

Film and Video Umbrella meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Going concern

The financial statements are prepared, on a going concern basis, under the historical cost convention.

Funds

The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital investment.

Designated funds comprise of unrestricted funds that have been set aside by the Trustees for particular purposes.

Restricted funds have been provided to the charity for particular purposes, and it is the policy of the board of trustees to carefully monitor the application of those funds in accordance with the restrictions placed upon them.

There is no formal policy of transfer between funds or on the allocation of funds to designated funds, other than that described above

Incoming resources

All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure.

Taxation

As a registered charity, the company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. Irrecoverable Value Added Tax is included in the relevant costs in the Statement of Financial Activities.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and machinery 20% Straight line Computer equipment 33% Straight line

Stocks and work in progress

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Film and Video Umbrella

Notes to the Financial Statements Continued For the year ended 31 March 2024

2. Income from donations and legacies

Restricted
funds
Unrestricted
funds
£
£
Donations received
1,000
204
Grants received
38,500
386,301
39,500
386,505
Analysis of grants received
Art Fund
Arts Council England National Lottery Project grant
Arts Council England National Portfolio Organisation grant
Arts Council England NPO Transfer Programme Feasibility grant
Transfer of grant		 2024
£
1,204
424,801
426,005
2024
£
7,000
-
386,301
31,500
-
424,801		 2023
£
722
423,967
424,689
2023
£
21,000
2,800
386,301
-
13,866
423,967

3. Income from charitable activities

Unrestricted funds
Advancement of the visual arts
Project contribution
Sales of works
Sales of books
AV equipment hires
Sundries
nvestment income
Unrestricted funds
Bank interest receivable		 2024
£
28,509
-
2,090
7,919
204
38,722
38,722
2024
£
3,786
3,786		 2023
£
76,742
20,000
315
9,313
13,532
119,902
119,902
2023
£
646
646

4. Investment income

Film and Video Umbrella Notes to the Financial Statements Continued For the year ended 31 March 2024

5. Costs of charitable activities by fund type

Advancement of the visual arts
Support costs
osts of charitable activities by activity type
Support costs
Advancement of the visual arts		 Unrestricted
funds
£
198,811
248,828
447,639
Activities
undertaken
directly
£
238,240		 Restricted
funds
£
39,429
-
39,429
Support
costs
£
248,828		 2023
2024
£
£
374,183
238,240
200,794
248,828
574,977
487,068
2023
2024
£
£
487,068
574,977

6. Costs of charitable activities by activity type

7. Analysis of support costs

Advancement of the visual arts
Management and staff
costs
Office running costs
Premises costs
Governance costs		 2024
£
146,823
27,643
70,805
3,557
248,828		 2023
£
116,812
19,673
60,882
3,427
200,794

8. Net income/(expenditure) for the year

This is stated after charging/(crediting):
2024 2023
£ £
Depreciation of owned fixed assets 2,167 3,309
Accountancy fees 2,750 2,750
Staff pension contributions 6,196 12,426

Film and Video Umbrella Notes to the Financial Statements Continued For the year ended 31 March 2024

9. Staff costs and emoluments

Total staff costs for the year ended 31 March 2024 were:

2024 2023
£ £
Salaries and wages 158,897 201,991
Social security costs 12,087 15,060
Pension costs 26,255 6,213
197,239 223,264
2024 2023
Communications / marketing 1 1
Exhibition presentation / technical 1 1
Production / admin 1 1
Senior management 3 2
6 5

10. Trustee remuneration and related party transactions

One employee, Steven Bode, is also a trustee. His remuneration as an employee for the year was £65,838 (2023 £60,000) none of which was for services as a trustee.

Payments of £277 were made to trustees for the reimbursement of travel expsnes.

11. Comparative for the Statement of Financial Activities

Income and endowments from:
Donations and legacies
Charitable activities
Investments
Total
Expenditure on:
Charitable activities
Total
Net expenditure
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
£
387,023
119,902
646
507,571
(518,351)
(518,351)
(10,780)
334,396
323,616		 Restricted
funds
£
37,666
-
-
37,666
(56,626)
(56,626)
(18,960)
18,960
-		 2023
£
424,689
119,902
646
545,237
(574,977)
(574,977)
(29,740)
353,356
323,616

Film and Video Umbrella Notes to the Financial Statements Continued For the year ended 31 March 2024

12. Tangible fixed assets

Cost or valuation
At 01 April 2023
At 31 March 2024
Depreciation
At 01 April 2023
Charge for year
At 31 March 2024
Net book values
At 31 March 2024
At 31 March 2023
13. Stocks and work in progress
Stocks of raw materials
14. Debtors
Amounts due within one year:
Trade debtors
Prepayments and accrued income
Other debtors
15. Creditors: amounts falling due within one year
Trade creditors
Other creditors
Accruals and deferred income		 Plant and
machinery
£
50,192
50,192
45,084
1,889
46,973
3,219
5,108		 Computer
equipment
£
9,556
9,556
9,278
278
9,556
-
278
2024
£
2,942
2,942
2024
£
4,013
13,201
3,023
20,237
2024
£
5,855
12,120
2,750
20,725		 Total
£
59,748
59,748
54,362
2,167
56,529
3,219
5,386
2023
£
2,942
2,942
2023
£
4,367
13,757
3,905
22,029
2023
£
3,641
6,846
2,750
13,237

Film and Video Umbrella Notes to the Financial Statements Continued For the year ended 31 March 2024

16. Movement in funds

Unrestricted Funds

Balance at Incoming Outgoing Transfers Balance at
01/04/2023 resources resources 31/03/2024
£ £ £ £ £
Designated
Access reserve - - - 10,000 10,000
HR designated fund 20,000 - (16,937) (3,063) -
Parenting reserve - - - 50,000 50,000
Projects designated 73,616 - (19,020) 30,394 84,990
fund
Relocation designated 50,000 - (31) (49,969) -
fund
Website CMS upgrade 20,000 - (12,800) (7,200) -
designated
General
General 160,000 429,013 (398,851) (30,162) 160,000
323,616 429,013 (447,639) - 304,990
Unrestricted Funds - Previous year
Balance at Incoming Outgoing Transfers Balance at
01/04/2022 resources resources 31/03/2023
£ £ £ £ £
Designated
HR designated fund 20,000 - - - 20,000
Projects designated 135,770 - - (62,154) 73,616
fund
Relocation designated 50,000 - - - 50,000
fund
Reserves designated 100,000 - - (100,000) -
fund
Website CMS upgrade - - - 20,000 20,000
designated
General
General 28,626 507,571 (518,351) 142,154 160,000
334,396 507,571 (518,351) - 323,616

Film and Video Umbrella Notes to the Financial Statements Continued For the year ended 31 March 2024

Purpose of unrestricted Funds

Reserves designated fund

The reserves designated fund holds funds that are ringfenced to ensure the future of the charity in the event of unforseen circumstances.

Access reserve

This fund holds monies designated to cover the costs of working with artists who have disabilities.

Parenting reserve

This fund holds monies that are designated to pay for costs of staff taking maternity, paternity or adoption leave, as per FVU's policies.

Projects designated fund

This fund holds monies that are designated for our artistic projects.

Relocation designated fund

This fund holds monies designated towards the cost of a future relocation.

HR designated fund

This fund holds monies designated for the cost of recruitment for the post of the Director.

Website CMS upgrade designated

This fund holds monies designated towards the cost of the website CMS upgrade.

General

This is our Reserve, and holds enough funds to cover the organisation's staff and overheads costs for 6 months.

Restricted Funds

Restricted funds
Restricted Funds - Previous year
Restricted funds		 Balance at
01/04/2023
£
-
-
Balance at
01/04/2022
£
18,960
18,960		 Incoming
resources
£
39,500
39,500
Incoming
resources
£
37,666
37,666		 Outgoing
resources
£
(39,429)
(39,429)
Outgoing
resources
£
(56,626)
(56,626)		 Balance at
31/03/2024
£
71
71
Balance at
31/03/2023
£
-
-

Film and Video Umbrella Notes to the Financial Statements Continued For the year ended 31 March 2024

Purpose of restricted funds

Restricted funds

Restricted funds represent grants and donations made to fund specific projects

17. Analysis of net assets between funds

Unrestricted funds
General
General
Designated
Access reserve
Parenting reserve
Projects designated fund
Restricted funds
Restricted funds
Previous year
Unrestricted funds
General
General
Designated
HR designated fund
Projects designated fund
Relocation designated
fund
Website CMS upgrade
designated
Restricted funds		 Tangible
fixed assets
Net current
assets /
(liabilities)
Net Assets
£
£
£
3,219
156,781
160,000
-
10,000
10,000
-
50,000
50,000
-
84,990
84,990
-
71
71
3,219
301,842
305,061
Tangible
fixed assets
Net current
assets /
(liabilities)
Net Assets
£
£
£
5,386
154,614
160,000
-
20,000
20,000
-
73,616
73,616
-
50,000
50,000
-
20,000
20,000
5,386
318,230
323,616

Film and Video Umbrella Detailed Statement of Financial Activities For the year ended 31 March 2024

INCOME AND ENDOWMENT
Donations and legacies
Donations
Grants receivable
Charitable activities
Project contribution
Sales of works
Sales of books
AV equipment hires
Film tax credit
Sundry income
Investments
Bank interest receivable
Total incoming resources
EXPENDITURE
Charitable activities
Cost of sales - direct charitable activity
Staff costs - wages & salaries
Staff costs - social security costs
Staff costs - pension contributions
Depreciation - owned assets
Freelancers
Travel, subsistence, accommodation
Marketing (projects general)
Website hosting and build
Archive / archive maintenance
Admin, set-up, production management fees
Pre-production
Production
Post-production
Presentation
Touring, events, festivals, outreach
Artists' fees
Access
Audience development and publishing
SUPPORT COSTS
Management and staff costs
Staff costs
Staff costs - social security costs
Staff costs - pension contributions		 £
2024
1,204
424,801
426,005
28,509
-
2,090
7,919
-
204
38,722
3,786
3,786
468,513
(1,752)
(106,874)
(7,254)
(3,098)
(1,889)
(6,091)
(2,500)
(12,200)
(15,369)
(76)
(19,242)
(409)
(17,383)
(10,181)
(211)
(1,211)
(27,290)
(2,639)
(2,571)
(238,240)
(106,874)
(7,254)
(3,098)		 £
2023
722
423,967
424,689
76,742
20,000
315
9,313
11,071
2,461
119,902
646
646
545,237
(907)
(87,841)
(17,560)
(6,213)
(2,384)
(7,020)
(2,980)
(9,029)
(3,097)
-
(16,173)
(14)
(87,872)
(35,720)
(13,991)
(7,852)
(58,490)
(1,652)
(15,388)
(374,183)
(87,877)
(17,560)
(6,213)

This page does not form part of the statutory financial statements

Film and Video Umbrella Detailed Statement of Financial Activities Continued For the year ended 31 March 2024

Freelancers
Recruitment and hr
Training
Office running costs
Depreciation - owned assets
Seminars, tickets, books, memberships,
subscriptions
Telephone, internet
Computer equipment and maintenance & tech
support
Software
Office stationery / printing
Postage / couriers
Entertainment and travel
Sundry costs
Unreclaimable vat
Office supplies and maintenance
Premises costs
Rent
Business rates
Insurance, security, alarms, keys
Electricity
Cleaning
Service charges
Governance costs
Accountancy fees
Legal fees
Cost of trustees' meetings
Total resources expended
Net Expenditure		 (5,036)
(17,632)
(6,929)
(146,823)
(278)
(155)
(3,968)
(5,148)
(3,659)
(728)
(172)
(8,067)
(425)
(3,833)
(1,210)
(27,643)
(56,337)
(2,494)
(4,897)
(3,807)
(1,127)
(2,143)
(70,805)
(2,750)
(638)
(169)
(3,557)
(487,068)
(18,555)		 (5,012)
(150)
-
(116,812)
(925)
-
(3,417)
(4,347)
(3,544)
(173)
(17)
(1,135)
(908)
(4,153)
(1,054)
(19,673)
(46,910)
(5,413)
(2,017)
(5,567)
(975)
-
(60,882)
(2,750)
(550)
(127)
(3,427)
(574,977)
(29,740)

This page does not form part of the statutory financial statements