Docusign Envelope ID: 3B8AFB08-1876-4EAE-9D8A-E3D3DDA3F1E3 **Charity number: 1200441** ## **ECOFLIX FOUNDATION UK** ## **UNAUDITED** **TRUSTEES' REPORT AND FINANCIAL STATEMENTS** **FOR THE PERIOD ENDED 30 SEPTEMBER 2023** Docusign Envelope ID: 3B8AFB08-1876-4EAE-9D8A-E3D3DDA3F1E3 ## **ECOFLIX FOUNDATION UK** ## **CONTENTS** ||Page| |---|---| |**Reference and Administrative Details of the Charity, its Trustees and Advisers**|1| |**Trustees' Report**|2 - 5| |**Independent Examiner's Report**|6| |**Statement of Financial Activities**|7| |**Balance Sheet**|8| |**Notes to the Financial Statements**|9 - 17| Docusign Envelope ID: 3B8AFB08-1876-4EAE-9D8A-E3D3DDA3F1E3 ## **ECOFLIX FOUNDATION UK** ## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE PERIOD ENDED 30 SEPTEMBER 2023** |**Trustees**|Niall Patrick McCann, Chair| |---|---| ||Danny Cohen| ||Paul Milton| |**Charity registered**
**number**
1200441
**Principal office**
Aston House
Redburn Road
Newcastle upon Tyne
NE5 1NB
**Accountants**
Kinnair Associates Limited
Chartered Accountants
Aston House
Redburn Road
Newcastle upon Tyne
NE5 1NB
**Bankers**
Coutts & Co
440 Strand
London
WC2R 0QS|| Page 1 Docusign Envelope ID: 3B8AFB08-1876-4EAE-9D8A-E3D3DDA3F1E3 ## **ECOFLIX FOUNDATION UK** ## **TRUSTEES' REPORT FOR THE PERIOD ENDED 30 SEPTEMBER 2023** The Trustees of Ecoflix Foundation UK present their annual report together with the unaudited financial statements of the Charity for the period 21 September 2022 to 30 September 2023. The Foundation was registered with the Charity Commission on 21 September 2022. The financial statements have been prepared in accordance with the accounting policies set out in the notes to the financial statements and comply with the charity’s governing document, the Charities Act 2011 and the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). ## **Objectives and activities** ##  **Policies and objectives** The Foundation, a charity registered in England and Wales with the charity number 1200441, and whose principal address is Aston House, Redburn Road, Newcastle upon Tyne, NE5 1NB, is governed by its Constitution and was established to: - promote the conservation, protection and improvement of the physical and natural environment and the world’s endangered animals for the public benefit by grant funding; and - to advance education for the public benefit in the conservation, protection and improvement of the physical and natural environment and the world’s endangered wild animals through the medium of film, use of social media and education projects. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. ##  **Strategies for achieving objectives** The Foundation’s strategy is to create the first not-for-profit global streaming video channel dedicated to helping animals and the planet. With an amazing team of like-minded people, we intend to use every means and technology at our disposal, together with all of the resources we can muster. Our goal is to inspire people around the world to come together to turn things around. As resources permit, we also will make grants towards the conservation, protection and improvement of the physical and natural environment and the world’s endangered animals for the public benefit. Page 2 Docusign Envelope ID: 3B8AFB08-1876-4EAE-9D8A-E3D3DDA3F1E3 ## **ECOFLIX FOUNDATION UK** ## **TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 30 SEPTEMBER 2023** ## **Achievements and performance** ##  **Main achievements of the Charity** The Ecoflix Foundation UK was founded as a Charitable Incorporated Organisation (CIO) on 21st September 2022. In tandem with the Ecoflix Foundation, based in the USA, the UK Foundation has created the first not-for-profit global streaming video channel dedicated to helping animals and the planet which can be accessed at https://ecoflix.com/ The purpose of this channel is to raise awareness of the challenges that animals face as a result of the destruction of habitats and ecosystems around the world and by so doing to inspire people around the world to come together to turn things around. The UK Foundation owns the one ordinary share in Ecoflix Media Limited. The company has been formed to create films which will assist with the development of the global streaming video channel and it is hoped will contribute revenue towards the Foundation’s charitable activities. ## **Financial review** ##  **Going concern** After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. ##  **Reserves policy** The Trustees have not yet developed a reserves policy for the Foundation because the streaming video channel were still in the development phase at 30th September 2023. ##  **Deficit** The Foundation incurred a deficit on its activities for the first financial period. As a result of the costs incurred in developing the not-for-profit global streaming video channel the Foundation suffered a deficit of £93,682. The UK Foundation is currently supported by the parent Foundation in the USA and at the time of the approval of the financial statements this support is expected to continue for the foreseeable future. ## **Structure, governance and management** ##  **Constitution** Ecoflix Foundation UK is a registered charity, number 1200441, and is constituted as a Charitable Incorporated Organisation (CIO). Page 3 Docusign Envelope ID: 3B8AFB08-1876-4EAE-9D8A-E3D3DDA3F1E3 ## **ECOFLIX FOUNDATION UK** ## **TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 30 SEPTEMBER 2023** ## **Structure, governance and management (continued)** ##  **Methods of appointment or election of Trustees** The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the CIO Foundation. The Trustees must be a natural person, 16 years old or over. ## **Number of Trustees** There must be at least three Charity Trustees. If the number falls below this minimum, the remaining Trustee or Trustees may act only to call a meeting of the Charity Trustees, or appoint a new Charity Trustee. The maximum number of Charity Trustees is 12. The Charity Trustees may not appoint any Charity Trustee if as a result the number of Charity Trustees would exceed the maximum. ## **Appointment of Trustees** Apart from the first Charity Trustees, every Trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the Charity Trustees. In selecting individuals for appointment as Charity Trustee, the Charity Trustee must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. The Charity Trustees will make available to each new Charity Trustee, on or before his or her first appointment: - a copy of the current version of this constitution; and - a copy of the CIO’s latest Trustees’ Annual Report and statement of accounts. ##  **Organisational structure and decision-making policies** - Any decision may be taken either: - at a meeting of the Charity Trustees; or - by resolution in writing or electronic form agreed by all of the Charity Trustees, which may comprise either a single document or several documents containing the text of the resolution in like form to each of which one or more Charity Trustees has signified their agreement. Any Charity Trustee may call a meeting of the Charity Trustees and the Trustees shall decide how their meetings are to be called, and what notice is required. A meeting may be held by suitable electronic means agreed by the charity trustees in which each participant may communicate with all the other participants. No decision shall be taken at a meeting unless a quorum is present at the time when the decision is taken. The quorum is two charity trustees, or the number nearest to one third of the total number of charity trustees, whichever is greater, or such larger number as the charity trustees may decide from time to time. ## **Members' liability** If the Charity is wound up, the members of the Charity have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities. Page 4 Docusign Envelope ID: 3B8AFB08-1876-4EAE-9D8A-E3D3DDA3F1E3 ## **ECOFLIX FOUNDATION UK** ## **TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 30 SEPTEMBER 2023** ## **Statement of Trustees' responsibilities** The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles of the Charities SORP (FRS 102); - make judgments and accounting estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the CIO Foundation. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees on 29 July 2024 and signed on their behalf by: ## **Niall Patrick McCann** Page 5 Docusign Envelope ID: 3B8AFB08-1876-4EAE-9D8A-E3D3DDA3F1E3 ## **ECOFLIX FOUNDATION UK** ## **INDEPENDENT EXAMINER'S REPORT FOR THE PERIOD ENDED 30 SEPTEMBER 2023** ## **Independent Examiner's Report to the Trustees of Ecoflix Foundation UK ('the Charity')** I report to the charity Trustees on my examination of the accounts of the Charity for the period ended 30 September 2023. ## **Responsibilities and Basis of Report** As the Trustees of the Charity 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 the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent Examiner's Statement** Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. 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 3. 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. This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report. Signed: Dated: 29 July 2024 Detlev Anderson FCA Kinnair Associates Limited Aston House Redburn Road Newcastle upon Tyne NE5 1NB Page 6 Docusign Envelope ID: 3B8AFB08-1876-4EAE-9D8A-E3D3DDA3F1E3 ## **ECOFLIX FOUNDATION UK** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 30 SEPTEMBER 2023** |**Note**
**Income from:**
Donations and legacies
3
**Total income**
**Expenditure on:**
Raising funds
4
Charitable activities
5
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2023**
**£**
**2,696**
**2,696**
**17,430**
**78,948**
**96,378**
**(93,682)**
**(93,682)**
**(93,682)**|**Total**
**funds**
**2023**
**£**
**2,696**
**2,696**
**17,430**
**78,948**
**96,378**
**(93,682)**
**(93,682)**
**(93,682)**| |---|---|---| The Statement of Financial Activities includes all gains and losses recognised in the period. The notes on pages 9 to 17 form part of these financial statements. Page 7 Docusign Envelope ID: 3B8AFB08-1876-4EAE-9D8A-E3D3DDA3F1E3 ## **ECOFLIX FOUNDATION UK** ## **BALANCE SHEET AS AT 30 SEPTEMBER 2023** |**Note**
**Fixed assets**
Investments
9
**Current assets**
Debtors
10
Cash at bank and in hand
Creditors: amounts falling due within one year
11
**Net current liabilities**
**Total assets less current liabilities**
**Net liabilities excluding pension asset**
**Total net assets**
**Charity funds**
Restricted funds
12
Unrestricted funds
12
**Total funds**|**463,943**
**1,243**
**465,186**
**(558,869)**|**2023**
**£**
**1**
**1**
**(93,683)**
**(93,682)**
**(93,682)**
**(93,682)**
**-**
**(93,682)**
**(93,682)**| |---|---|---| The financial statements were approved and authorised for issue by the Trustees on 29 July 2024 and signed on their behalf by: ## **Niall Patrick McCann** The notes on pages 9 to 17 form part of these financial statements. Page 8 Docusign Envelope ID: 3B8AFB08-1876-4EAE-9D8A-E3D3DDA3F1E3 ## **ECOFLIX FOUNDATION UK** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2023** ## **1. General information** Ecoflix Foundation UK is a Charitable Foundation (registration number 1200441) whose principal address is Aston House, Redburn Road, Newcastle upon Tyne, NE5 1 NB. ## **2. Accounting policies** ## **2.1 Basis of preparation of financial statements** The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. Ecoflix Foundation UK 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. These financial statements are in respect of the Charity only. The Charity is not required to prepare group accounts as the group headed by it is a small group. The financial statements are presented in pounds Sterling and rounded to the nearest pound. ## **2.2 Going concern** The financial statements have been prepared on a going concern basis. The trustees consider this basis is appropriate following due consideration of the present financial position, the expected prospects of the Charity during the twelve months from the date of approval of these financial statements, and continued support of the Charity's sister organisation Ecoflix Foundation US. Ecoflix Foundation US is a registered 501(c)(3) in the United States of America, registration number C2568417 and whose registered address is 24730 Long Valley Road, Hidden Hills, LA, CA 91302, USA. ## **2.3 Income** All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Page 9 Docusign Envelope ID: 3B8AFB08-1876-4EAE-9D8A-E3D3DDA3F1E3 ## **ECOFLIX FOUNDATION UK** **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2023** ## **2. Accounting policies (continued)** ## **2.4 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. ## **2.5 Investments** Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities. Investments in subsidiaries are valued at cost less provision for impairment. ## **2.6 Debtors** Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **2.7 Cash at bank and in hand** Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Page 10 Docusign Envelope ID: 3B8AFB08-1876-4EAE-9D8A-E3D3DDA3F1E3 ## **ECOFLIX FOUNDATION UK** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2023** ## **2. Accounting policies (continued)** ## **2.8 Liabilities and provisions** Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost. ## **2.9 Financial instruments** The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. ## **2.10 Fund accounting** General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. ## **3. Income from donations and legacies** ||**Unrestricted**|**Total**| |---|---|---| ||**funds**|**funds**| ||**2023**|**2023**| ||**£**|**£**| |Donations|2,696|**2,696**| Page 11 Docusign Envelope ID: 3B8AFB08-1876-4EAE-9D8A-E3D3DDA3F1E3 ## **ECOFLIX FOUNDATION UK** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2023** ## **4. Expenditure on raising funds** ## **Fundraising expenses** ||**Unrestricted**|**Total**| |---|---|---| ||**funds**|**funds**| ||**2023**|**2023**| ||**£**|**£**| |Fundraising costs|17,430|**17,430**| ## **5. Analysis of expenditure on charitable activities** ## **Summary by fund type** ||**Unrestricted**|| |---|---|---| ||**funds**|**Total**| ||**2023**|**2023**| ||**£**|**£**| |Environmental awareness|78,948|**78,948**| Page 12 Docusign Envelope ID: 3B8AFB08-1876-4EAE-9D8A-E3D3DDA3F1E3 ## **ECOFLIX FOUNDATION UK** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2023** ## **6. Analysis of expenditure by activities** |Environmental awareness
**Analysis of direct costs**
Environmental and partner development
Educational program development|**Activities**
**undertaken**
**directly**
**2023**
**£**
29,900|**Support**
**costs**
**2023**
**£**
49,048|**Total**
**funds**
**2023**
**£**
**78,948**| |---|---|---|---| ||||**Total**
**funds**
**2023**
**£**
**27,900**
**2,000**| ||||**29,900**| ## **Analysis of support costs** |Bank charges and interest
Legal and professional fees
Office overheads
Computer software and consumables
Donations
Advertising and marketing
Accountancy and Independent Examination|**Total**
**funds**
**2023**
**£**
**382**
**8,700**
**741**
**3,568**
**2,632**
**30,625**
**2,400**| |---|---| ||**49,048**| Page 13 Docusign Envelope ID: 3B8AFB08-1876-4EAE-9D8A-E3D3DDA3F1E3 ## **ECOFLIX FOUNDATION UK** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2023** ## **7. Independent examiner's remuneration** ||**2023**| |---|---| ||**£**| |Fees payable to the Charity's independent examiner for the independent examination of|| |the Charity's annual accounts|**700**| |Fees payable to the Charity's independent examiner in respect of:|| |All other services not included above|**1,300**| ## **8. Trustees' remuneration and expenses** During the period, no Trustees received any remuneration or other benefits. During the period ended 30 September 2023, no Trustee expenses have been incurred. Page 14 Docusign Envelope ID: 3B8AFB08-1876-4EAE-9D8A-E3D3DDA3F1E3 ## **ECOFLIX FOUNDATION UK** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2023** ## **9. Fixed asset investments** |**Cost or valuation**
Additions
At 30 September 2023|**Investments**
**in**
**subsidiary**
**companies**
**£**
**1**| |---|---| ||**1**| ## **Principal subsidiaries** The following was a subsidiary undertaking of the Charity: |**Name**||**Company**|**Registered office or principal**|**Principal activity**| |---|---|---|---|---| |||**number**|**place of business**|| |Ecoflix Media Limited||14085892|Aston House, Redburn Road,|Motion picture| ||||Newcastle Upon Tyne, United|production activities| ||||Kingdom, NE5 1NB|| |**Class of**|**Holding**|||| |**shares**||||| |Ordinary|100%|||| The financial results of the subsidiary for the period were: |**Name**|**Expenditure**|**Profit/(Loss**|**Net assets**| |---|---|---|---| ||**£**|**)/ Surplus/**|**£**| |||**(Deficit) for**|| |||**the period**|| |||**£**|| |Ecoflix Media Limited|**122,470**|**(122,470)**|**(122,469)**| Page 15 Docusign Envelope ID: 3B8AFB08-1876-4EAE-9D8A-E3D3DDA3F1E3 ## **ECOFLIX FOUNDATION UK** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2023** ## **10. Debtors** |**Due within one year**
Amounts owed by group undertakings
Prepayments and accrued income|**2023**
**£**
**447,068**
**16,875**| |---|---| ||| ||**463,943**| ## **11. Creditors: Amounts falling due within one year** |Trade creditors
Amounts owed to group undertakings
Other creditors
Accruals and deferred income
**12.**
**Statement of funds**
**Statement of funds - current period**|**2023**
**£**
**1,177**
**545,789**
**7,764**
**4,139**| |---|---| ||| ||**558,869**| ||| ||||**Balance at**| |---|---|---|---| ||||**30**| ||||**September**| ||**Income**|**Expenditure**|**2023**| ||**£**|**£**|**£**| |**Unrestricted funds**|||| |Unrestricted funds|**2,696**|**(96,378)**|**(93,682)**| Page 16 Docusign Envelope ID: 3B8AFB08-1876-4EAE-9D8A-E3D3DDA3F1E3 ## **ECOFLIX FOUNDATION UK** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2023** ## **13. Analysis of net assets between funds** ## **Analysis of net assets between funds - current period** |**Unrestricted**
**funds**
**2023**
**£**
Fixed asset investments
1
Current assets
465,186
Creditors due within one year
(558,869)
**Total**
(93,682)|**Total**
**funds**
**2023**
**£**
**1**
**465,186**
**(558,869)**
**(93,682)**| |---|---| ## **14. Related party transactions** During the period, the Charity paid £125,442 to, or on behalf of, Ecoflix Media UK Limited and received £12,000 on behalf of Ecoflix Media UK Limited. The Charity recharged expenditure of £358,566 to Ecoflix Media UK limited and Ecoflix Media UK Limited recharged £24,941 to the Charity. At the balance sheet date £447,068 was receivable from Ecoflix Media Limited. The amount due is interest free, unsecured and repayable on demand. During the period the Charity received £545,789 from Ecoflix Foundation US and the amount outstanding at the balance sheet date was £545,789. The loan is interest free, unsecured and repayable on demand. ## **15. Controlling party** Throughout the accounting period the Charity was under the control of Ecoflix Foundation US a registered 501 (c) (3) organisation in the United States of America, registered address 24730 Long Valley Road, Hidden Hills, Los Angeles, CA 91302, USA. Page 17