2023-12-31-accounts - Cimatheque Foundation

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REGISTERED COMPANY NUMBER: 08315897 (England and Wales) REGISTERED CHARITY NUMBER: 1167486

Report of the Trustees and Unaudited Financial Statements for the Year Ended 31st December 2023 for Cimatheque Foundation

Spencer Hyde Limited 272 Regents Park Road London N3 3HN

Cimatheque Foundation

Contents of the Financial Statements for the Year Ended 31st December 2023

	Page
Report of the Trustees 1	to	2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5	to	6
Notes to the Financial Statements 7	to	12
Detailed Statement of Financial Activities 13

Cimatheque Foundation

Report of the Trustees for the Year Ended 31st December 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st December 2023. 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 Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

To advance the education of the public in the knowledge, understanding and appreciation of the art of film, in particular Arab film, and to promote the study and appreciation of film for the benefit of the public by providing screenings, lectures, discussions, workshops and a film archive collection.

Significant activities

The Charity is involved in the following projects;

Helping to establish and maintain an alternative multi-purpose film centre in Cairo dedicated to celebrating the diversity of film and supporting the needs of independent filmmakers in Egypt while working to build a strong platform for alternative cinema. Services and programmes include film screenings, specialized workshops, a library, a moving image archive, and a lab for super 8mm and 16mm analogue film.

Revisiting Memory - a film archive project comprising of film screenings, exhibitions and workshops

Public benefit

The Trustees have referred to the guidance contained in the Charity Commission's general guidance on the public benefit when reviewing the Charity's aims and objectives and in planning future activities and in setting the grant making policy for the period.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

In the period end the Trust has received donations and grants in total of £146,916.

During the period end the Trustees have expended resources totalling a net amount of £75,094 as per Detailed Statement of Financial Activities.

FINANCIAL REVIEW

Reserves policy

The reserves held by the charity are to be expended on receipt of the necessary confirmation from the charity's counterparts in Egypt.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Charity is controlled by its governing document, a memorandum and articles of association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

New Trustees will be appointed based on their experience and credentials.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number 08315897 (England and Wales)

Registered Charity number

1167486

Page 1

Cimatheque Foundation

Report of the Trustees for the Year Ended 31st December 2023

Registered office 272 Regents Park Road London N3 3HN

Trustees K H I Abdalla Director H I Abdalla Director Professor N J Sakr Director

Independent Examiner Spencer Hyde Limited 272 Regents Park Road London N3 3HN

Approved by order of the board of trustees on 29th November 2024 and signed on its behalf by:

K H I Abdalla - Trustee

Page 2

Independent Examiner's Report to the Trustees of Cimatheque Foundation

Independent examiner's report to the trustees of Cimatheque Foundation ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st December 2023.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

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:

accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

Antony Youselli

Spencer Hyde Limited 272 Regents Park Road London N3 3HN

29th November 2024

Page 3

Cimatheque Foundation

Statement of Financial Activities for the Year Ended 31st December 2023

Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and le EXPENDITURE ON Raising funds 3,719 Charitable activities Art House Workshop - Cinapses 2 (NAAS Network) - Embassy of Netherlands (Archive lab) (34) Arts and Culture entrepreneurship - Other Total NET INCOME/(EXPENDITURE) (1,886) RECONCILIATION OF FUNDS Total funds brought forward 369,715 TOTAL FUNDS FORWARD	2023 2022 Restricted Total Total funds funds funds £ £ £ gacies (1)146,917 146,916 46,018 - 3,719 - - - 41,128 11,783 11,783 - 47,711 47,677 - 13,715 13,715 - (1,800) - (1,800) 1,526 1,885 73,209 75,094 42,654 73,708 71,822 3,364 401,325 771,040 767,676 CARRIED 367,82 9 475,033 842,862771,040

The notes form part of these financial statements

Page 4

Cimatheque Foundation

		Balance Sheet	Balance Sheet	Balance Sheet
	31st	December	2023
								2023					2022
		Unrestricted			Restricted				Total				Total
		fund				funds			funds				funds
	Notes	£				£			£						£
CURRENT ASSETS
		Debtors					5	428,57	405,756834,329					829,845
								3
		Cash		atbank				2,583	69,278	71,861					4,447
				431,156		475,034			906,190					834,292
CREDITORS
Amounts falling due within one year	6	(63,327)				(1)		(63,328)					(63,252)
		NET		CURRENT		ASSETS		367,82	475,033 842,862771,040
								9
TOTAL ASSETS LESS CURRENT	LIABILITIES
		367,829				475,033			842,862					771,040
								NET			36	47			84	77
								ASSETS/(L			7,8	5,0			2,8	1,0
								IABILITIE			29	33			62	40
								S)
								FUNDS		7
								Unrestricted			funds				36	36
															7,8	9,7
															29	15
								Restricted funds							47	40
															5,0	1,3
															33	25
								TOTAL FUNDS							84	77
															2,8	1,0
															62	40

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

The notes form part of these financial statements

continued...

Page 5

Cimatheque Foundation

Balance Sheet - continued 31st December 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 29th November 2024 and were signed on its behalf by:

K H I Abdalla - Trustee

The notes form part of these financial statements

Page 6

Cimatheque Foundation

Notes to the Financial Statements for the Year Ended 31st December 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared 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' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st December 2023 nor for the year ended 31st December 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st December 2023 nor for the year ended 31st December 2022.

continued...

Page 7

Cimatheque Foundation

Notes to the Financial Statements - continued for the Year Ended 31st December 2023

3. STAFF COSTS

The average monthly number of employees during the year was as follows:

				2023			2022	2022
	Average number of staff			3				3
	No employees received emoluments in excess of £60,000.
4.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
		Unrestricted		Restricted			Total
		fund		funds			funds
		£		£			£
	INCOME AND ENDOWMENTS FROM
		Donations and legacies				(1)	46,01	46,01
							9	8
	EXPENDITURE ON
	Charitable activities
	Art House Workshop		-	41,128			41,128
		Other				1,52	-	1,526
						6
		Total				1,52	41,12	42,65
						6	8	4
	NET INCOME/(EXPENDITURE)	(1,527)		4,891				3,364
	Transfers between funds	4,891		(4,891)				-
	Net movement in funds	3,364			-			3,364
	RECONCILIATION OF FUNDS
	Total funds brought forward	366,351		401,325			767,676
		TOTAL FUNDS				369,	401,3	771,0
		CARRIED FORWARD				715	25	40
5.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2023			2022
				£			£
	Other debtors			834,329			829,845

The other debtors consist of a loan granted to Cimatheque - Alternative Film Centre Company LLC, Egypt, In accordance with the loan agreement between the parties .

The loan has been agreed to be provided for specific approved charitable work only, which falls within the ambit of the grants received by the Foundation and has been given for the following activities;

Development of Cimatheque Alternative Film Centre

continued...

Page 8

Kurrasat Project Page 8 continued...

Cimatheque Foundation

Notes to the Financial Statements - continued for the Year Ended 31st December 2023

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

The NAAS@CIMATHEQUE Arab Arthouse Cinema Workshop

Revisiting Memory

The loan has been provided interest free and is repayable on demand

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

7. MOVEMENT IN FUNDS

Unrestricted funds General fund

Restricted funds

	2023		2022	2022	2022
	£		£
	Trade	creditors1,8			1,7
				01	99
	Other	creditors59,			59,
				72	65
				7	3
	Accrued		1,8		1,8
	expenses			00	00
	63,328			63,252
	Net
	movement		At
At 1.1.23	in funds		31.12.23
£	£		£
369,715	(1,886)		367,829
Kurrasat Project		77,46	-	77,46
		5			5
Cimatheque		322,8	-	322,8
Alternative Film		84			84
Centre
NAAS at
CIMATHEQU		976	1,626	2,602
E Arab Art
House Cinema
Workshop
Embassy of		-	17,08	17,08
Netherlands (Archive			9		9
lab)
INDEPENDEN
T		-	11,70	11,70
RESOURCES			6		6
INITIATIVE
The Ecosystem
Strengthening		-	31,40	31,40
Pilot Program			2		2
(Cimatheque,
Cairotronica &
Sakiya)
Film Reel- Phase 1		-	11,88	11,88
			4		4

continued...

Page 9

The Arab Fund for	-	1	1
Artsand Culture
401,325	73,708	475,033
TOTAL FUNDS	771,0	71,82	842,8
	40	2	62

continued...

Page 9

Cimatheque Foundation

Notes to the Financial Statements - continued for the Year Ended 31st December 2023

7. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

		Incoming Resources	Incoming Resources	Incoming Resources	Incoming Resources		Movement	Movement	Movement	Movement
		resources	expended				in	funds
		£		£				£
Unrestricted funds
General fund		(1)		(1,885)				(1,886)
Restricted funds
		NAAS at
		CIMATHEQU		13,409			(11,7		1,626
		E Arab Art					83)
		House Cinema
		Workshop
		Embassy of			64,80		(47,7		17,08
		Netherlands (Archive				0	11)			9
		lab)
		INDEPENDEN
		T		11,706				-	11,70
		RESOURCES								6
		INITIATIVE
		The Ecosystem
		Strengthening		31,402				-	31,40
		Pilot Program								2
		(Cimatheque,
		Cairotronica &
		Sakiya)
		Film Reel- Phase		1	11,88			-	11,88
						4				4
		The Arab Fund for			13,71		(13,7			1
		Artsand Culture				6	15)
		146,917		(73,209)					73,708
		TOTAL FUNDS			146,9		(75,0		71,82
						16	94)			2
Comparatives for movement in funds
		Net	Transfers
		movement	between					At
	At 1.1.22	in funds	funds				31.12.22
	£	£		£				£
Unrestricted funds
General fund	366,351	(1,527)		4,891				369,715
Restricted funds
	Kurrasat Project 77,465				-		-	77,465
	Cimatheque	322,884			-		-	322,884
	Alternative Film
	Centre
	NAAS at
	CIMATHEQUE Arab 976			4,891		(4,891)			976

continued...

Page 10

Art House Cinema Workshop 401,325 4,891 (4,891) TOTAL FUNDS 767,676 3,364		401,325 -771,040

continued...

Page 10

Cimatheque Foundation

Notes to the Financial Statements - continued for the Year Ended 31st December 2023

7. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

		Incoming	Resources	Resources	Resources	Resources		Movement	Movement	Movement
		resources	expended					in	funds
		£		£					£
Unrestricted funds
General fund		(1)		(1,526)					(1,527)
Restricted funds
NAAS at CIMATHEQUE Arab Art House
Cinema Workshop		46,019		(41,128)					4,891
		TOTAL FUNDS				46,01		(42,6 3,364
							8	54)
A current year 12 months and prior year 12 months combined position		is as follows:
		Net	Transfers
	movement		between						At
	At 1.1.22	in funds		funds				31.12.23
	£	£		£					£
Unrestricted funds
General fund	366,351	(3,413)		4,891					367,829
Restricted funds
	Kurrasat Project		77,465		-			-	77,465
	Cimatheque		322,884		-			-	322,884
	Alternative Film
	Centre
	NAAS at
	CIMATHEQUE Arab		976	6,517			(4,891)		2,602
	Art House Cinema
	Workshop
	Embassy of		-	17,089				-	17,089
	Netherlands (Archive
	lab)
	INDEPENDENT
	RESOURCES		-	11,706				-	11,706
	INITIATIVE
	The Ecosystem
	Strengthening Pilot		-	31,402				-	31,402
	Program
	(Cimatheque,
	Cairotronica	&
	Sakiya)
	Film Reel- Phase 1		-	11,884				-	11,884
	The Arab Fund for		-		1			-		1
	Artsand Culture
	401,325	78,599		(4,891)					475,033
	TOTAL FUNDS		767,676	75,186				-	842,862

continued...

Page 11

Cimatheque Foundation

Notes to the Financial Statements - continued for the Year Ended 31st December 2023

7. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds

Incoming
Resources
Movement
resources
expended
in funds
£
£
£
(2)
(3,411)
(3,413)
NAAS at
CIMATHEQU
E Arab Art
House Cinema
Workshop
59,428 (52,9
11)
6,517
Embassy of
Netherlands (Archive
lab)
64,80
0
(47,7
11)
17,08
9
INDEPENDEN
T
RESOURCES
INITIATIVE
11,706
- 11,70
6
The Ecosystem
Strengthening
Pilot Program
(Cimatheque,
Cairotronica &
Sakiya)
31,402
- 31,40
2
Film Reel- Phase 1
11,88
4
- 11,88
4
The Arab Fund for
Artsand Culture
13,71
6
(13,7
15)
1
192,936
(114,337)
78,599
TOTAL FUNDS
192,9
34
(117,
748)
75,18
6

The Reserves held are towards the ongoing projects of the Charity, which are to be completed after the period end.

8. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st December 2023.

Page 12

Cimatheque Foundation

Detailed Statement of Financial Activities for the Year Ended 31st December 2023	2023 2022 £ £ 146,916 46,018	2023 2022 £ £ 146,916 46,018
for the Year Ended 31st December

	146,916 46,018 73,209 41,128 Bank charges - 22 Foreign exchange (gain)/loss 72(30 9) 72 (287) Sundries 13 13 Accountancy and legal fees 1,8 00 1,8 00 1,813 1,813 Total resources expended 75, 09 4 42, 65 4 Net income 71, 82 2 3,3 64
		1,813
		75, 09 4 42, 65 4
		71, 82 2 3,3 64

This page does not form part of the statutory financial statements

Page 13