Registration number N1036267 ESC Films Limited Company limited by guarantee Annual report and financial statements for the year ended 31 March 2023
ESC Films Limited Company limited by guarantee Contents Page Trustee report Independent Examiners report Statement of Financial Activities Balance sheet 9-10 Notes to the financial statements 11-18
ESC Films Limited Company limited by guarantee Trustee Report for the year ended 31 March 2023 The Trustees present their report with the financial statements for the year ended 31 March 2023. The accounts have been prepared in accordance with the accounting policies set out in note I to the accounts and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and to 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 published in October 2019" Reference and Administrative Inforn]ation Charity Name: ESC Films Limited Charity Registration nuniber: NIC102123 Company Registration number.. N1036267 Registered Office-. Blick Studios.46 Hill Street. Belfast, Northern Ireland, B TI 2LB Business Address: Blick Studios,46 Hill Street, Belfast. Northern Ireland, BTI 2LB Trustee5 Don Leeson (Chair) Paul McAleei Heather Moorhead Moyra Richardson Neil Gilmore Secretary Moyra Richardson Independent Examiner Mccreery Turkington Stwknian LTD, l Lanyon Quay, Belfasl, B TI 3LG Bankers The Co-operative Bank Plc, P.0. Box 250. SkeEmersdale. WN8 6WT Page I
ESC Films Limited Company limited by guarantee Trustee Report for the year ended 31 March 2023 Legal structure of the charnty The charity is constituted as a company limited by guarantee. registered under the Companies Acts. The governing documents of the charity are it5 Memorandum and Articles of Association establishing the company under company legislation and its constitution. There are no restrictions in the governing document& on the operation of the Charity or on its investment powers other than those imposed by Charity Law. By operation of law all trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation. The trustees ore all individuals Structur4 governance and management of the charity The methods used to recruit and appoint new charity trustees Governance and management of ESC films is undertaken by a Board of Directors comprising a Chair, Treasurer. Secretary. and four Other Dlrectorb. The Board normally meets. six times a year and is responskble for the overall strategic direction and control of esc film's activities. The day to day management of esc films Is led by the Chief Executive with authority delegated by the Board of Directors. The Chief Executive and Artistic Director. have clearly defined areas of responsÈbility and accountability. They are supported by a cohort of freelance associates who are contracted for specialist expertise when the need arises. The charity Tecruits and appoints tslees with a range of skills, experience and knowledge in keeping with the pursuance of its object5. The charity's financial eontrol procedures In relation to ESC film's overall financial control procedures. the charity has in place a comprehensive Strategic Plan suppLemented by an annual budget approved by th¢ Board of Trustees. Actual results are reported against budget on a monthly basis and projections to Ye end are reviewed by the Board at every meeting. The charity's day to day financial processes. which are governed by financial regulations. are approved by the Board. Rlsk management The trustees have a duty to identity and review the risks to which the charity is exposed and to ensu appropriate control5 are in place to pmvide reasonable assurance against fraud and error. Objectives, Activities, Achievements and Performance Main Aim The chaTity'S objects are set out in its constitution and are to advance education for the public benefit and to promote arts and culture. A more delailed explanation of the charity's objects is contained below in the section entitled "The main activities undertaken during the year to further the Charity's purpose for the public benefit" Page 2
ESC Films Limited Company limited by guarantee Trustee Report for the year ended 31 March 2023 The main activities undertaken in relation to those purposes during the year 2022-23 SUMMARY: Over the course of ihe year we worked with 384 individuals. impacting directly on 20 participants in our iherapeutic work. on a further 60 family members and an additional 54 staff members and volunteers. The charity awarded 9 ASDAN Peer Mentoring Awards and made 89 short films. The main achievements and perforn)ance of the charity in 2022-23. ESC films worked continuou51y to deliver on the goals outlined Rn the new Strategic Plan and Business Plan 2023-25. ESC films focused on ftilfilling the following akms for the year 2022-23.. We delivered a series of Co[es1gned and co-produced short fIlms based on the lived experience of the participants: STEPPING OUT STAYING OUT (Shannon Clinic, Medium Secure Unit) launched May 2022 This research-needs-driven training project was co-funded by The Halifax Foundation and the Belfast Health & Social Care Trust. The film project ran for over 14 weeks. one session per week and launched in May 2022. The aim was to equip the Community and Forensic Mental Health team to educate those still in Shannon. Using the lived experiences of those who have been through the system and are now settled in the community. esc films produced a 20-minute long training film, devised. and co-produced with the Con)munity & Forensic Mental Health Teams at the BHSCT. It is based on the m05t pressing issues raised by those leaving Shannon Clinic and transitioning back into the cummunity. As part of the film-making project, 4 clients earned 2 credits as part ot an ASDAN Peer Mentoring Award. CANCER FOCUS NI: the 2022-23 year spanned the second and third years of our four year contract with Cancer Focus - creating film resources to help support the work of thelr Family Support Service. In the first half of 2022, we adapted our methods. using both live face to face sessions and online 700m sessions to create content. We worked with young people, their families and teachers to create a series of 3 short films called The Learnings - a resource to help schools understand the needs of young people who have a patent with a cancer diagnosis. Filming was more Straighrforward this year since the majority of Covid restrictions had been lifted. The project launched at Storniont Hotel, Belfast in August 2022. See https:Ilcancerfocusni.org/patient-supportlfamily-supporVthe-Icarnings-video-seriesl We also prepared the groundwork to deliver a film telling the story of Cancer Focus NI'S scrvices. working with staff, clients, families and young people to capture the holistic nature of their services and signpost people towards relevant and timely help. Completed June 2023 and due to launch publicly shortly after. INCLUSIVE FAITH: we completed our original "A QUESTION OF BELONGING" LGBTQIA+ project benefitting from a partnership wÉth the Northern Ireland Rare Disease Partnership (NIRDP) which pr()vided us with a film-maker for the year to work on this project. We are grateful to the Rank Foundation's Time2Shine programme for supporting this work, In Feb 2023 we successfully launched the Inclusive Faith website, www.inclubivefaith.lgbt signposting for LGB TQIA+ people of faith and resources for people who are looking for resources to go on a journey towards LGB TQIA+ inclusion. The project received a lot of media attention including radio interviews on Radio Ulster and articles in the Belfast Telegraph and various online sources. Page 3
ESC Films Limited Company limited by guarantee Trustee Report ror the year ended 31 March 2023 Inclusiv¢faith.Igbt is now a home foT the following: One six week course 6 filmed talks and interviews on LGB T issues 15 individual Siorics on film 6 films of leader's journeys 6 short filmed introductions to affirn]ing faith spaces Lists of 30 inclusive groups 16 cornmunity organisations 16 pride events across the Asland of treland 10 signposts to counselling and helplin¢5 28 books 35 tertns in one glossary RARE DISEASE PARTNERSHIP - as part of the Time2Shine project, esc films supported its film-maker to Create a series of short films captIllg the stories of people living with Rare Diseases in NI called Voices of the l in 17: These were launched at Stormont on Rare Disease Day in Feb 2023 and subsequently used widely on social media. https:l/nirdp.org.uklcampaignsl FUTURE SCREENS - We were able to complete the research elements of our Future Screens Nl Virtual Reality research project during the year, exploring how our previous participants responded to VR technology. BOARDROOM APPRENTICE - esc films were successful again in tendering for the fEln]ing at the BoardriK)m Apprentice Panel Day 2023 and created a series of 19 short films which were broadly shared as part of the ongoing Boardroom Apprentice mketIng drive. https:Ilboardroomapprentice.con DEIRDRE'S STORY - We worked in th¢ R¢public of Ireland for the fi13t time. creating a dTamatised film which aims to support training in Traumd-infornTred praclice. We developed the film with the Donegal Domestic Violence working group which includes representatives from: Donegal Domestic Violence Services. An Garda Siochana. Health Service Executive. Donegal Women's Centre and Donegal ChÉldTen & Young People's Services Committee (CYPSC). The film launched in Letterkenny, Co. Donegal in Sept 2022 and is being rolled out in trauma-inforn]ed training across the South of Ireland. mDwIsE - WISEMOVES - we worked for a full year with Mindwise mental health ChltY to tell the stories of individuals in their services and how they had journeyed Ihrough Covid. We also showcased a wide range of Mindwise services through short films which launched in Nov 2022 at Mindwise, AGM. We created 8 indkvidual stories and 10 films about services*. See https:Ilwww.mindwisenv.orglwhat-we-dolwisemoves-film-seriesl MINDWISE - SNAKES AND LADDERS - also in partnership with Mindwise and this time supported by the LFF Charitable FoundatÈon. we began work on a tnental health and addiction5 project, working with a group of men and women from Mindwise and Aclion Mental Health who had lived experÈence of both serious addictions and mental health issues. The project launched June 2023 and aims to help others with similar problems rebuild their lives. Page 4
ESC Films Limited Company limited by guarantee Trustee Report for the year ended 31 March 2023 BELFAST TRUST- PERINATAL MENfAL HEALTH - we were conllnissioned to create a film called My Safe Space. co-designed with a group of mothers who had all experienced perinatal mental health issues and had availed of the BHSCT'S perinatal services. Th¢ film aims to encourage other mothers facing similar problems to seek help. This programme was accredÉted wid 5 women received ASDAN peer mentoring awards. The project was completed in June 2023 and will be launched shortly afterwards. MICKEY B - we continued to showcase our feature film adaptation of Shakespeare's Macbeth, Mickey B, holding a screening in March 2023 as part of the Belfast LEarning City festival. and giving online workshops to universities. such as the University of Murcia, Spain. Financial Review The charity's fLnancial position at the end of the year ended 31 March 2023 is set out in the fLnancial statements. Reserves Policy The directors have set a reserves target of at least £25.000 of unrestricted reserves representing 3 months running costs. The directors regularly review the level of reserves held and consider opportunities to apply them in line with, and in furtherance of its charitable objectives. Going Concern The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil Lts obligations in respect of each fund. Page 5
ESC Films Limited Company limited by guarantee Trustee Report for the year ended 31 March 2023 Statement of the Directors, and Trustees, Responsibilities The directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the directors to prepare financial statements for each year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources, including the income and expenditure, of the charitable company for the year. In prepating thosc financial statements the directors are required to: select suitable accounting policies and apply them consistently- observ¢ the mctl)ods and principles in the Charities SORP. make judgments and estimates that are reasonable and prudent. state whether applicable UK Accounting Standards havL been followed, subject to any material departUTe5 disclosed and explained in the financial statements.. prepare the financial statements on the going concern basis unless it 15 inappropriate to presiime that the haTitable company will continue iii operation. The directors aTe responsible for keeping proper accounting records which disclose with reasonable acLuraLy at any time the financial position of the company and to 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 stepi for the prevention and detection of fraud and other ittegularities. This report Was appmved by thLBo Fd on I I th September 2023. Don Leeson Director........... Page 6
Independent examiner 's report to the Trustees of ESC Films Limited I report on the accounts of the for the for the year ended 31 March 2023, which are set out on pages 8-18. Respective responsibilities of and examiner As the charity trustees (and also the directors of the company for the purposes of company law) you are IEsponsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is iiot subject to audit under company law, and is eligible for independent examination, it is my responslbility to.. examine the accounts Under section 65 of the Charities Act (Northern treland) 2008. follow the procedures laid down irj the general Directions given by the Charity Commission for Northern Ireland under sectÉon 65(9)(b) of the Charities Act; and state whether particular matters have come to my attention. Basis of independent examiner's report I have examined your charity accounts a5 required under section 65 of the Ch¢irities Act and my examination was carried out in accordance with the general DÉrections given by the Charity Commission tor Northern Ireland under section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the chinty and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or di%closures in the accountb. and seeking eXpIlatiOnS from you as charÉty trustees concerning any such matters. My roEe is to state whetheT any material matters have come to my attention giving me cause to believe: That accounting records were not kept in accordance with section 386 of the Companies Act 2006 2. That the accounts. do not accord with those accounting records That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles Of the Charities Statement of Recommended Practice applicable to charities prepating their accounts in accordance with the Financial Reporting Standard applicablc in the UK and Republic of Ireland 4. That there is further infonnation needed for a proper understanding of the accounts to be reached. Independent examiner's statement I have completed my examination and have no concerns in Lespect of the matters (l) to (4) listed above and. in connection with following the Directions of the Charity Commission for Northern Ireland. I have found no matters that require drawing to your attention. Richard Mcclay FCA For and on behalf of Mccreery Thrkington Stockman LTD l Lanyon Quay Belfast BTI 3LG 11 September 2023 Page 7
ESC Films Limited Company limited by guarantee Statement of Financial Activities (Including Summary Income and Expenditure Aecount) for the year ended 31 March 2023 Unrestricted Restricted Funds Funds Year Total Year Total 2023 2023 2023 2022 Income from: Donation income: Charitable activities Other income Notes 14,443 18,338 14.443 81.534 163 89.185 16,446 11 63,196 Total incoming resources 32,781 63,196 95.977 105,794 Expenditure on- Costs of charitable activities (47,433) (67.286) (114,719) (103,512) Total resources expended (47,433) (67,286) (114.719) {103,512) Net income before transfers (14,652) {4.090) (18.742) 2,282 Transfer between funds (1,195) I,l95 Net incoming resources (15.847) (2,895) (18.742) 2,282 Fund balances brought forward 33,116 11,576 44,692 42,410 Fund balanee5 carried forward 17.269 8,681 25,950 44.692 All of the above results are derived from Continuing a¢tiviti¢s.AIK gains and losses recognised in the year are included abov¢. The notes on pages 11 to 18 form an integral part of these finaneial ststements. Page 8
ESC Films Limited Company limited by guarantee Balance sheet as at 31 March 2023 2023 2022 Notes Fixed assets Tangible assets 11,242 14,990 Current assets Debtors Cash at bank arAd in hand 10 4,474 21.164 41 65,119 25,638 65,160 Creditors: amounts falling due wlthin one year (10.930) (35.458) Net current assets 14,708 29,702 Net assets 25,950 44,692 Capital and reserves Unrestricted funds Restricted funds 17,269 8,681 33.116 11.576 li General funds 25,950 44.692 The notes on pages 11 to 18 form an integral part of these financial statements. Page 9
ESC Films Lin)ited Company limited by guarantee Balance sheet (continued) for the year ended 31 March 2023 For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small compiinies. Directors, responsibilities.. (a) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.. (b) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The financial statements were approved by the B0d on I I September 2023 and signed on its behalf by Don Le Director on Registration number N1036267 The notes on pages 11 to 18 forn] an integral part of these financial statements. Page 10
ESC Films Linjited Company limited by guarantee Notes to the finaneial statements for the year ended 31 Mareh 2023 Accounting policies Company inforn]ation ESC FILMS LTD is a Company limited by guarantee, registered in Northern Ireland. The address of the gIstered office is Blick Studios, 46 Hill Street, Belfast, Antrim, Northern Ireland, B TI 2LB, 1.1. Accounting convention The accounts have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended PractiLe applicable to charities prepasing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019" The financial statements are prepared in sterlTrng. which is the functional currency of the company. Monetary amounts in these financial statements are rounded Co the nearest £. 1.2. Tangible flxed assets and depreciation Depreciation is provided at rates calculated to write off the cost less residual value of each asset over tts expected useful lif¢, as follows: Fixtures and fittings 250/0 reducing balance 1.3. Cash at bank and in hand Cash and cash equivalents include cash in hand. deposit5 held at call with banks, other short-term liquid investments with original maturities of thiee months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Page 11
ESC Films Limited Company limited by guarantee Notes to the financial statements for the year ended 31 March 2023 . continued 1.4. Finaneial Instruments The Company has elected to apply the provisions of Section 11 'Basic Financial Instruments and Section 12 '0iher Financial Instruments Issues of FRS 102 to all of its financial instruments. Financial inslruments are r¢cognised in the Company balance sheet when ihe Company becomes party to the contractual provisioll5 of the inbtrument. Financial assets and liabilities are offset. with the net amounts presented in the financlal statements. when there is a legally enforceable right to sei off the recogntsed amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash dnd bank balances, are initially measured at transaction price including transaction costs and are subseqiiently carried at amortised cost using the effeLtive interest method unless the arrangement coiistitutes a financing transaction. where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable withtn one year are not amortised. Classification of financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity inslrument is any contract that evidences a residual interest in the asset5 of the Society aftcr deducting all of its liabilities. Basic financial liabilities Basic financial liabilities, including creditors. bank loans. loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction. where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not. they ore presented as non-current liabilities. Irade creditors are recognis¢d initially at transaction price and subsequently measured at amortised cost using the effective interest method. Page 12
ESC Films Limited Company limited by guarantee Notes to the finanexal ststements for the year ended 31 March 2023 . continued 1.5. Equity instruments Income recognition Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs. Divid¢nds payable on equicy instruments are recognised as liabilktkes once they are no longer at the discretion of the Company. 1.6. Provisions Provisions are recognised when the Company has a legal or constructive present obligation as a result of a past event, it 18 probable that the Company wÉll be required to settle that oblÉgation and a reliable estimate can be mdde of the amount of the obligation. The amount recognised as a provision is the best estimate of the con%ideration required to settle the presenl obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation ib recognised at prent valiie. When a provision in measured at present value the unwinding of the discount 1.% recognised as a finance co%t in profit and loss iii the period it arityes. 1.7. Government grants Government grants are recognised at the fair value of the asset received or receivable when theie is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that speckfies performance conditions is recognised in income when the perforniance conditions are met. Where a grant does not specify perforn]ance conditions it i.s recognised in income when Ehe proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability. 1.8. Employee benefits The Cobts of 5hort-tenn employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of Stock or fixed assets. The cost of any unused holiday entitlement 15 recognised in the period in which the employee's servic¢s are received. TermÉnation benefits are recognised immediately as an expense wheii the company 15 d¢monstrably committed to terminate the employment of an employee or to provide tcrn]ination benefits. Page 13
ESC Films Limited Conipany limited by guarantee Notes to the financial statements for the year ended 31 March 2023 continued Net incoming resources for the year 2023 2022 Net incoming resources is stated after charging.. Depreciation and other amounts wrilten off tangible assets 3,748 4,996 Employees Year ended 2023 Number Year ended 2022 Number Number of employees The average monthly numbers of employees during the year were: Management and administrative staff Year ended 2023 Year ended 2022 Employment Costs Salary costs 72,143 64.799 There were no employees earning over £60.000 in the year ended 31 March 2023. 4. Income from: Unrestrieted Restricted 2023 2023 TotAI 2023 Total 2022 Donation income Donation income 14,443 14.443 163 14,443 14,443 163 Page 14
ESC Films Limited Company limited by guarantee Notes to the financial statements for the year ended 31 March 2023 . conunued Total 2023 Total 2022 5. Expenditure on: Costs directly allocated to charitsble activities Salaries Direct project costs Insurance Rent, light and heat Office costs Computer expenses Equipment Travel Freelance costs Independent examination Bank fees Website design General expense5 72,143 1,923 821 3,950 4,390 633 (1.986) 16 22.295 1,200 24 4,740 822 64.799 418 650 3.500 4,529 1,024 6.721 131 15,150 683 24 887 110,971 98,516 Depreciation Depreciation on intangibles. fixtures and computers 3,748 4.996 114,719 103,512 Analysis by fund Restricted funds Unrestriet¢d funds 67,286 47.433 114,719 For the year ended 31 March 2022 Reslricled funds Unrestricted funds 32,607 70,905 103,512 Taxation No liability lo UK corporation tax arises on ordinary activities for the year. The Company is a registered charily . Page IS
ESC Films Limited Company limited by guarantee Notes to the financial statements for the year ended 31 March 2023 continued Creditors: amounts falling due ithin one year 2023 2022 Other creditors Trade creditors Deferred income (See note 8) Accruals 47 738 8,945 1.200 6,778 2,740 19,262 6,678 10,930 35,458 Deferred income (Induded in note 7) Balance l April 2022 Released in year Deferral in year Balance 31 March 2023 Restricted funds Cancer Focus Mindwi5e Future Screens LFf Charitable Trust Belfast Trust- Perinatal Mental Health 467 12.703 6.092 (467) (12,703) (6,092) 3,202 3,202 1,079 910 3,754 1,079 910 3,754 19,262 (19.262) 8,945 8,945 Fixtures, fjttings and equipment Tangible fixed assets Total Cost At l April 2022 28.329 28.329 At 31 March 2023 28,329 28.329 Depreciation At l April 2022 Charge for the year At 31 March 2023 13,339 3,748 13.339 3,748 17.087 17.087 Net book value5 At 31 March 2023 11,242 At 31 March 2022 14.990 14,990 Page 16
ESC Films Limited Co]npany limited by guarantee Notes to the financial statements ror the year ended 31 March 2023 . conrinued 10. Debtors 2023 2022 Other debtoi's 4.474 41 ii. ststement of funds Balance Incoming Outgoing Balance l April 2022 Resources Resource5 Transfers 31 March 2023 Unrestricted Funds General fund St Anne's Cathedral Sitout 33.116 31,781 1,000 (46,433) ( 1.000) (1.195) 17,269 33,116 32,781 (47,433) (1,195) 17,269 Restricted funds R¢stTiCted fixed asset fund Belfast Trust- Perinatal Mental Health Cancer Focus Mindwise Future Screens Charitable Tmst 11.576 (2,895) (2,496) (11,095) (36,637) (11,109) (3,054) 8,681 2.496 11.095 35,442 11.109 3.054 1.195 11.576 63.196 67.286 1,195 8.681 44.692 95.977 (114.719) 25.950 The unreslricted reserve iepresents the free funds of the charity whieh are not designated for particular purposes. The restricted funds represent grants received by the charity for specific purposes as laid out in the tenns of the grant, and the application of those funds foi those purposes. Page 17
ESC Films Limited Company limited by guarantee Notes to the financial statements for the year ended 31 March 2023 . continued 12. Analyis of net assets between funds Net current Assetsl (Liabilities) Tangible fixed Assets Total Unrestricted Funds General fund 2.561 14,708 17.269 2,561 14,708 17,269 Restricted funds Restricted fixed asset fund 8,681 8.681 8.681 8,681 11.242 14.7015 25,950 13. Company limited by guarantee ESC FILMS LTD is a company limited by guarantee and the liabilily of the members is limited to a nlmuM of £1 for each member. Page 18