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← Cimatheque Foundation

2024-12-31-accounts

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 2024

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 2024

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 13
Detailed Statement of Financial Activities 14

Cimatheque Foundation

Report of the Trustees for the Year Ended 31st December 2024

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 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 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.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

In the period end the Trust has received donations and grants in total of £166,469.

During the period end the Trustees have expended resources totalling a net amount of £63,334 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 2024

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 22nd October 2025 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 2024.

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:

  1. 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

  2. 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

  3. 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

22nd October 2025

Page 3

Cimatheque Foundation

Statement of Financial Activities

for the Year Ended 31st December 2024

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
-
Other income
550
Total
550
EXPENDITURE ON
Raising funds
2,194
Charitable activities
Cinapses 2 (NAAS Network)
-
Embassy of Netherlands (Archive lab)
-
Arts and Culture entrepreneurship
-
Thoulathy: Cross-Border Collaboration Project
-
Other
-
Total
2,194
NET INCOME/(EXPENDITURE)
(1,644)
Transfers between funds
7
1,627
Net movement in funds
(17)
RECONCILIATION OF FUNDS
Total funds brought forward
367,829
TOTAL FUNDS CARRIED FORWARD
367,812		 Restricted
funds
£
166,469
-
166,469
-
-
55,407
(29)
5,762
-
61,140
105,329
(1,627)
103,702
475,033
578,735		 2024
Total
funds
£
166,469
550
167,019
2,194
-
55,407
(29)
5,762
-
63,334
103,685
-
103,685
842,862
946,547		 2023
Total
funds
£
146,916
-
146,916
3,719
11,783
47,677
13,715
-
(1,800)
75,094
71,822
-
71,822
771,040
842,862

The notes form part of these financial statements

Page 4

Cimatheque Foundation

Balance Sheet 31st December 2024

Notes
CURRENT ASSETS
Debtors
5
Cash at bank
CREDITORS
Amounts falling due within one year
6
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
7
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
fund
£
428,573
2,925
431,498
(63,686)
367,812
367,812
367,812		 Restricted
funds
£
439,978
138,757
578,735
-
578,735
578,735
578,735		 2024
Total
funds
£
868,551
141,682
1,010,233
(63,686)
946,547
946,547
946,547
367,812
578,735
946,547		 2023
Total
funds
£
834,329
71,861
906,190
(63,328)
842,862
842,862
842,862
367,829
475,033
842,862

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 5

continued...

Cimatheque Foundation

Balance Sheet - continued 31st December 2024

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 22nd October 2025 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 2024

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 2024 nor for the year ended 31st December 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st December 2024 nor for the year ended 31st December 2023.

continued...

Page 7

Cimatheque Foundation

Notes to the Financial Statements - continued for the Year Ended 31st December 2024

3. STAFF COSTS

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

Average number of staff
No employees received emoluments in excess of £60,000.
4.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
(1)
EXPENDITURE ON
Raising funds
3,719
Charitable activities
Cinapses 2 (NAAS Network)
-
Embassy of Netherlands (Archive lab)
(34)
Arts and Culture entrepreneurship
-
Other
(1,800)
Total
1,885
NET INCOME/(EXPENDITURE)
(1,886)
RECONCILIATION OF FUNDS
Total funds brought forward
369,715
TOTAL FUNDS CARRIED FORWARD
367,829		 2024
3
Restricted
funds
£
146,917
-
11,783
47,711
13,715
-
73,209
73,708
401,325
475,033		 2023
3
Total
funds
£
146,916
3,719
11,783
47,677
13,715
(1,800)
75,094
71,822
771,040
842,862

continued...

Page 8

Cimatheque Foundation

Notes to the Financial Statements - continued for the Year Ended 31st December 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024 2023
£ £
Other debtors 868,551 834,329

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

Kurrasat Project

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

Trade creditors
Other creditors
Accrued expenses		 2024
£
1,979
59,727
1,980
63,686		 2023
£
1,801
59,727
1,800
63,328

continued...

Page 9

Cimatheque Foundation

Notes to the Financial Statements - continued

for the Year Ended 31st December 2024

7. MOVEMENT IN FUNDS

At 1.1.24
£
Unrestricted funds
General fund
367,829
Restricted funds
Kurrasat Project
77,465
Cimatheque Alternative Film Centre
322,884
NAAS at CIMATHEQUE Arab Art House
Cinema Workshop
2,602
Embassy of Netherlands (Archive lab)
17,089
INDEPENDENT RESOURCES
INITIATIVE
11,706
The Ecosystem Strengthening Pilot Program
(Cimatheque, Cairotronica & Sakiya)
31,402
Film Reel- Phase 1
11,884
The Arab Fund for Arts and Culture
1
Thoulathy: Cross-Border Collaboration
Project
-
475,033
TOTAL FUNDS
842,862
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
NAAS at CIMATHEQUE Arab Art House
Cinema Workshop
Embassy of Netherlands (Archive lab)
INDEPENDENT RESOURCES
INITIATIVE
The Arab Fund for Arts and Culture
Thoulathy: Cross-Border Collaboration
Project
TOTAL FUNDS		 Net
movement
in funds
£
(1,644)
-
-
7,417
29,888
11,370
-
-
56,115
539
105,329
103,685
Incoming
resources
£
550
7,417
85,295
11,370
56,086
6,301
166,469
167,019		 Transfers
between
At
funds
31.12.24
£
£
1,627
367,812
-
77,465
-
322,884
(1,627)
8,392
-
46,977
-
23,076
-
31,402
-
11,884
-
56,116
-
539
(1,627)
578,735
-
946,547
Resources
Movement
expended
in funds
£
£
(2,194)
(1,644)
-
7,417
(55,407)
29,888
-
11,370
29
56,115
(5,762)
539
(61,140)
105,329
(63,334)
103,685

continued...

Page 10

Cimatheque Foundation

Notes to the Financial Statements - continued for the Year Ended 31st December 2024

7. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1.1.23
£
Unrestricted funds
General fund
369,715
Restricted funds
Kurrasat Project
77,465
Cimatheque Alternative Film Centre
322,884
NAAS at CIMATHEQUE Arab Art House
Cinema Workshop
976
Embassy of Netherlands (Archive lab)
-
INDEPENDENT RESOURCES
INITIATIVE
-
The Ecosystem Strengthening Pilot Program
(Cimatheque, Cairotronica & Sakiya)
-
Film Reel- Phase 1
-
The Arab Fund for Arts and Culture
-
401,325
TOTAL FUNDS
771,040
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
(1)
Restricted funds
NAAS at CIMATHEQUE Arab Art House
Cinema Workshop
13,409
Embassy of Netherlands (Archive lab)
64,800
INDEPENDENT RESOURCES
INITIATIVE
11,706
The Ecosystem Strengthening Pilot Program
(Cimatheque, Cairotronica & Sakiya)
31,402
Film Reel- Phase 1
11,884
The Arab Fund for Arts and Culture
13,716
146,917
TOTAL FUNDS
146,916		 Net
movement
At
in funds
31.12.23
£
£
(1,886)
367,829
-
77,465
-
322,884
1,626
2,602
17,089
17,089
11,706
11,706
31,402
31,402
11,884
11,884
1
1
73,708
475,033
71,822
842,862
Resources
Movement
expended
in funds
£
£
(1,885)
(1,886)
(11,783)
1,626
(47,711)
17,089
-
11,706
-
31,402
-
11,884
(13,715)
1
(73,209)
73,708
(75,094)
71,822

continued...

Page 11

Cimatheque Foundation

Notes to the Financial Statements - continued for the Year Ended 31st December 2024

7. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Kurrasat Project
Cimatheque Alternative Film Centre
NAAS at CIMATHEQUE Arab Art House
Cinema Workshop
Embassy of Netherlands (Archive lab)
INDEPENDENT RESOURCES
INITIATIVE
The Ecosystem Strengthening Pilot Program
(Cimatheque, Cairotronica & Sakiya)
Film Reel- Phase 1
The Arab Fund for Arts and Culture
Thoulathy: Cross-Border Collaboration
Project
TOTAL FUNDS		 At 1.1.23
£
369,715
77,465
322,884
976
-
-
-
-
-
-
401,325
771,040		 Net
movement
in funds
£
(3,530)
-
-
9,043
46,977
23,076
31,402
11,884
56,116
539
179,037
175,507		 Transfers
between
funds
£
1,627
-
-
(1,627)
-
-
-
-
-
-
(1,627)
-		 At
31.12.24
£
367,812
77,465
322,884
8,392
46,977
23,076
31,402
11,884
56,116
539
578,735
946,547

continued...

Page 12

Cimatheque Foundation

Notes to the Financial Statements - continued

for the Year Ended 31st December 2024

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
NAAS at CIMATHEQUE Arab Art House
Cinema Workshop
Embassy of Netherlands (Archive lab)
INDEPENDENT RESOURCES
INITIATIVE
The Ecosystem Strengthening Pilot Program
(Cimatheque, Cairotronica & Sakiya)
Film Reel- Phase 1
The Arab Fund for Arts and Culture
Thoulathy: Cross-Border Collaboration
Project
TOTAL FUNDS		 Incoming
resources
£
549
20,826
150,095
23,076
31,402
11,884
69,802
6,301
313,386
313,935		 Resources
Movement
expended
in funds
£
£
(4,079)
(3,530)
(11,783)
9,043
(103,118)
46,977
-
23,076
-
31,402
-
11,884
(13,686)
56,116
(5,762)
539
(134,349)
179,037
(138,428)
175,507

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 2024.

Page 13

Cimatheque Foundation

INCOME AND ENDOWMENTS
Donations and legacies
Grants
Other income
Screening fee
Total incoming resources
EXPENDITURE
Charitable activities
Project cost
Support costs
Finance
Foreign exchange (gain)/ loss
Governance costs
Sundries
Accountancy and legal fees
Total resources expended
Net income		 Detailed Statement of Financial Activities
for the Year Ended 31st December 2024		 2024
£
166,469
550
167,019
56,716
4,424
34
2,160
2,194
63,334
103,685		 2023
£
146,916
-
146,916
73,209
72
13
1,800
1,813
75,094
71,822

This page does not form part of the statutory financial statements

Page 14