The Ghetto Film School Limited Trustees’ Annual Report
Charity Number – 1195629
Period Start Date – 01/05/2024 Period End Date - 30/04/2025
Objectives & Activities
The charity’s purpose is to advance the arts and education primarily through the means of teaching storytelling and other related arts.
Ghetto Film School educates and trains children/young people in the art of storytelling through a 30 month fellowship programme. Courses cover both the art and business of cinematic and episodic storytelling while preparing fellows to advance their education at top universities. The fellows programme is free of charge for all students, and features instruction from leading filmmakers and industry experts and visits to live sets and studios. Fellows screen their films at prestigious venues, complete employment readyship training and receive on-set job placements. Transport and meals are covered throughout.
Ghetto Film School supports its alumni and young professionals and encourages them to pursue a career in the creative industries – film, TV, advertising and tech. GFS LDN identifies, develops, and connects emerging talent with the resources they need to advance in their careers through access to custom support, curated job placement opportunities, and one-on-one career mentorship services.
The Ghetto Film School trustees have adhered to the guidance provided by the Charity Commission regarding public benefit.
The charity provided a city-wide offering with its community members coming from over 18 different London boroughs including but not limited to Tower Hamlets, Southwark, Lambeth, Croydon, Haringey, Enfield, Ealing and Lewisham. The young people that engaged with the charity gained a level of training, education and development that prepares them for a creative career and sets them up for long term financial security and career advancement.
22 fellows received weekly one-on-one coaching sessions while searching for full time work, 20 received resume and cover letter support and participated in curriculum vitae clinics, mock interview seminars, and office assistant readyship training. Many fellows have already received a production job which has given them their first professional credit courtesy of Ghetto Film School relationships with creative industry colleagues.
Financial Review
As of the 30th April 2025, the trustees and the charity confirm that they end the year not holding any reserves. However, the charity is projecting reserves equalling three months expenses for the period ending 30th April 2026. The charity did not hold any reserves for the period ending 30th April 2025 because it had engaged two cohorts in this period and was serving upward of 40 young people. The trustees and charity remain confident about the charity’s finances and direction moving forward.
Structure, Governance and Management
The Ghetto Film School Limited is a charitable company limited by guarantee and utilises its articles of association as a governing document. Trustee selection is led by existing trustees with trustees voting on nominated parties and whether they’d be a good fit the Ghetto Film School Limited board.
Reference and Administrative Details
Charity Name – The Ghetto Film School Limited
Other Names The Charity Uses – Ghetto Film School London // GFS LDN
Registered Charity Number – 1195629
Charity’s Principal Address – Think Smart Accounts Ltd, 14 Farnborough Street, Farnborough, Hampshire, GU14 8AG
Names of the Charity Trustees Who Manage The Charity
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Nizam Uddin, Chair
-
Miranda Higham
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David Stewart
-
Olivia Bonner
-
Helen Andrews
-
Jon Wardle
Signed on behalf of the charity’s trustees
Nizam Uddin, Chairman
27.02.2026
Registered number: 12578828
THE GHETTO FILM SCHOOL LIMITED DIRECTORS' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
The Ghetto Film School Limited Contents
| Page | |
|---|---|
| Company Information | 1 |
| Directors' Report | 2 |
| Accountant's Report | 3 |
| Abridged Income and Expenditure Account | 4 |
| Abridged Balance Sheet | 5 |
| Notes to the Abridged Financial Statements | 6 |
| The following pages do not form part of the statutory accounts: | |
| Abridged Detailed Income and Expenditure Account | 7 |
The Ghetto Film School Limited Company Information For The Year Ended 30 April 2025
| Directors | Mr Nizam Uddin |
|---|---|
| Ms Helen Andrews | |
| Ms Olivia Bonner | |
| Ms Miranda Higham | |
| Mr David Stewart | |
| Mr Jon Wardle | |
| Company Number | 12578828 |
| Registered Office | 14 Farnborough Street |
| Farnborough | |
| Hampshire | |
| GU14 8AG | |
| Accountants | Think Smart Accounts Ltd |
| 14 Farnborough Street | |
| Farnborough | |
| Hampshire | |
| GU14 8AG |
Page 1
The Ghetto Film School Limited Company No. 12578828 Directors' Report For The Year Ended 30 April 2025
The directors present their report and the financial statements for the year ended 30 April 2025.
Directors
The directors who held office during the year were as follows:
Mr Nizam Uddin Ms Helen Andrews Ms Olivia Bonner Ms Miranda Higham Mr David Stewart Mr Jon Wardle
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgments and accounting estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr David Stewart Director 28 January 2026
Page 2
The Ghetto Film School Limited Accountant's Report For The Year Ended 30 April 2025
In accordance with the engagement letter dated , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 30 April 2025 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
23 January 2026
Think Smart Accounts Ltd 14 Farnborough Street Farnborough Hampshire GU14 8AG
Page 3
The Ghetto Film School Limited Abridged Income and Expenditure Account For The Year Ended 30 April 2025
| Notes GROSS SURPLUS Administrative expenses OPERATING (DEFICIT)/SURPLUS Interest payable and similar charges (DEFICIT)/SURPLUS BEFORE TAXATION Tax on (Deficit)/surplus (DEFICIT)/SURPLUS AFTER TAXATION BEING (DEFICIT)/SURPLUS FOR THE FINANCIAL YEAR |
2025 £ 282,751 (283,521) (770) (303) (1,073) - (1,073) |
2024 £ 43,932 (42,455) |
|---|---|---|
| 1,477 (152) |
||
| 1,325 (252) |
||
| 1,073 |
The notes on page 6 form part of these financial statements.
Page 4
The Ghetto Film School Limited Abridged Balance Sheet As At 30 April 2025
| Notes Creditors: Amounts Falling Due Within One Year NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS Income and Expenditure Account MEMBERS' FUNDS |
2025 £ £ - - - - - - |
2025 £ £ - - - - - - |
2024 £ £ 1,073 1,073 1,073 1,073 1,073 1,073 |
2024 £ £ 1,073 1,073 1,073 1,073 1,073 1,073 |
|---|---|---|---|---|
| - | 1,073 | |||
| - | 1,073 | |||
| - | 1,073 | |||
| - | 1,073 |
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
All of the company's members have consented to the preparation of an Abridged Income and Expenditure Account and an Abridged Balance Sheet for the year end 30 April 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr David Stewart Director 28 January 2026
The notes on page 6 form part of these financial statements.
Page 5
The Ghetto Film School Limited Notes to the Abridged Financial Statements For The Year Ended 30 April 2025
1. General Information
The Ghetto Film School Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 12578828. The registered office is 14 Farnborough Street, Farnborough, Hampshire, GU14 8AG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in surplus or deficit for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 1)
4. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 6
The Ghetto Film School Limited Abridged Detailed Income and Expenditure Account For The Year Ended 30 April 2025
| TURNOVER Grants and subsidies received COST OF SALES Production Expenses Program Supplies Food Scholarship Wages and salaries Other direct costs Other Operating Income Grants and subsidies received Other income - contributing to other operating income GROSS SURPLUS Administrative Expenses Wages and salaries Employers NI Employers pensions - defined contributions scheme Travel and subsistence expenses Repairs, renewals and maintenance Insurance Printing, postage and stationery Training seminars and workshops Accountancy fees Consultancy fees Subscriptions Sundry expenses OPERATING (DEFICIT)/SURPLUS Interest payable and similar charges Bank interest payable Bank charges (DEFICIT)/SURPLUS BEFORE TAXATION Tax on (Deficit)/surplus Corporation tax charge (DEFICIT)/SURPLUS AFTER TAXATION BEING (DEFICIT)/SURPLUS FOR THE FINANCIAL YEAR |
2025 £ £ - 77,197 338 10,958 124 118,600 9,938 (217,155) 343,873 156,033 499,906 282,751 60,000 60,582 2,394 14,949 101,842 12,465 - 91 8,653 21,039 1,505 1 (283,521) (770) 303 - (303) (1,073) - - (1,073) |
2025 £ £ - 77,197 338 10,958 124 118,600 9,938 (217,155) 343,873 156,033 499,906 282,751 60,000 60,582 2,394 14,949 101,842 12,465 - 91 8,653 21,039 1,505 1 (283,521) (770) 303 - (303) (1,073) - - (1,073) |
2024 £ £ 95,897 4,993 94 8,141 2,445 28,769 7,523 (51,965) - - - 43,932 14,899 - - 11,287 3,041 1,799 147 - 3,990 6,852 442 (2) (42,455) 1,477 - 152 (152) 1,325 252 (252) 1,073 |
2024 £ £ 95,897 4,993 94 8,141 2,445 28,769 7,523 (51,965) - - - 43,932 14,899 - - 11,287 3,041 1,799 147 - 3,990 6,852 442 (2) (42,455) 1,477 - 152 (152) 1,325 252 (252) 1,073 |
|---|---|---|---|---|
| 343,873 156,033 |
- - |
|||
| 60,000 60,582 2,394 14,949 101,842 12,465 - 91 8,653 21,039 1,505 1 |
14,899 - - 11,287 3,041 1,799 147 - 3,990 6,852 442 (2) |
|||
| 282,751 (283,521) |
43,932 (42,455) |
|||
| 303 - |
- 152 |
|||
| (770) (303) |
1,477 (152) |
|||
| - | 252 | |||
| (1,073) | 1,325 | |||
| - | (252) | |||
| (1,073) | 1,073 |
Page 7
The Ghetto Film School Limited Accountant's Report For The Year Ended 30 April 2025 In accordance with the engag8m&nl letter dated and In order lo a8818t you lo fulfil your duli88 und8r th8 Companie8 Act 2006, we have compld the financial statements of the company from the accounting records and infotrnalion and explanations you have given lo us. This report 1$ made lo the directors in accordance with the term$ of our engag&ment. Our work has been undèrtaken lo prepar& for approval by the directors the financial slalements that we have been engaged to compik, lo report lo the directors that we have done so. and lo stale those matters that we have agreed 10 51ate lo them in this report and for no other purpose. To the fullest exlenl permilled by law. we do nol aGGepl or assume responsibility to anyon& other than the Company and the Company's directors for our work orforthis r8POrt. You have acknowledged on the balance sheet as al year ended 30 April 2025 your duly lo ensure that the company has kept proper accounting reGords 8nd lo prep8re financial 51atemenls that give a true 8nd fair view under the Companie5 AGt 2006. You Gonsider Ih8t the company is exempl from th& statutory r8quir8ment for an audit for th& year. We have not been instructed lo carry out an audit of the financi81 slat8mÈnls. For this reason, w& have not verif18d the araCY or completeness of the aGGounting records or infoTmalion and explanations you have given to us and we do not, therefore. express any opinion on the financial slatemÈnls. 23 January 2026 Think Smart A¢¢ounis Ltd 14 Farnborough Street Farnborough Hampshire GU14 BAG Page 3