Registration number N1020328 Foylo Film Projects Limited (Company Ilmltcd by guarantee) Dlrectors, roport and financial statements for the year endod 31 March 2025
Foyle Film Projects Limited Company limited by guarantee Contents Page Directors and otlier inforn]ation Directors, report Independent Exaininers, report Statemeiit of Financial Activities Stateiment of Financial Position Notes to the financial statements 8-12
Foyle Film Projects Limited Company limited by guarantee Company information Directors Pearse Moore Eddie Friel (Appointed 6th January 2025) John McGowan Martin Melarkey (Resigned 31 st July 2024) Secretary Pearse Moore Charity number NICI03704 Company number N1020328 Registered office 718 Magazine Street Derry BT48 6HJ Accountants McGroarty Mccafferty & Company Ltd Accountants & Tax Consultants 2 Carli51¢ Terrace D¢ BT48 6JX Busine$$ address The Nerrfe Centre 718 Magazine Street Derry BT48 6HJ Bankers Ulster Bank Da Vinci Complex Culmore Road D¢rry BT48 8JB Page I
Foyle Film Projects Limited Company limited by guarantee Directors, report for the year ended 31 March 2025 The directors pr¢s¢nt their report and the financial statements for the year ended 31 March 2025. Principal activity The principal activity of the charitable company is that of film production and training. Dircctors The directors who served during the year are as stated below: Pearse Moore Jolin McGowan Eddie Friel (Appointed 6tli January 2025) Martin Melarkey (resigned 31 st July 2024) Dlrectors responsibilities The directors of Foyle Film Projects Limited for the purposes of company law are responsible for preparing the Directors, 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 eacli financial year, which give a tru¢ and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the directors ar¢ requir¢d to: s¢l¢ct suitable accounting policies and then apply them consistently. observ¢ th¢ methods and principles in the Charitics SORP (FRS 102). make judgements and estimates that are reasonable and prudent; state wliether applicable UK Accounting Standards hav¢ been followed, subject to any material departures disclosed and explained in the financial statements prepare the financial statements on th¢ going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable coinpany 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the directors are aware: there is no relevant infonnation of which the charitable company's independent examiner is unaware: and the directors have taken all steps that they ought to have taken to make themselves aware of any relevant infomiation and to establish that the independent examiner is aware of that inforniation. Page 2
Foyle Film Projects Limited Company limited by guarantee Directors, report for the year ended 31 March 2025 continued This report is prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies. This report was approved and authorised for issue by tlie Board on 13 November 2025 and signed on its ehalf by Director Dir¢¢tor Page 3
Foyle Film Projects Limited Company limited by guarantee Independent examiner's report on the unaudited financial statements to the directors of Foyle Film Projects Limited We report on the accounts of the company for th¢ year ended 31 March 2025, which are set out on pages 5 to 12. Respective responsibilities of charity directors and examlner. As the charity directors you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the cliarity is not subject to audit under company law, and is eligible for independent examination, it is my responsibility to; examine the accounts under section 65 of the Charities Act 2008; follow the procedures laid down in the general directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act 2008. state whether particular matters have come to our attention. BASIS of Independent examlner's report We have examined your charity accounts as required under section 65 of the Charities Act and our examination was carried out in accordance with the gencral directions given by the Charity Commission for Nortliem Ireland under Section 65(9)(b) of the Charities Act. The examination Included a review of the accounting records kept by the charity and a comparison of the accounts presented with tliose records. It also included a consideration of any unusual items or disclosures in the accounts, and seeking explanations from you charity directors concerning any such matters. Our role is to state wliether any material matters have come to our attention giving us cause to believe: that accounting records were not kept in accordance with section 386 of the Companies Act 2006. that thc accounts do not accord with those accounting records. that th¢ ac¢ounts do not comply with th¢ accounting requirements of th¢ Section 396 of th¢ Companies A¢t 2006 and the metliods and principles of the Charities Statement of Recommended Practic¢ applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ofireland; that there is further infonnation needed for proper understanding. Indopendcnt examlnor's statement We have completed my exainination and have no concerns in respect of the matters listed above and, in connection with the following directions of the Charity Commission for Nortliem Ireland, we Iiave found no matters that require drawing to your attention. M¢Groarty ccafferty & Co pany Ltd Accountants & Tax Consultants 2 Carlisle Terrace Derry BT48 6JX Date: 13 November 2025 Page 4
Foyle Film Projects Limited Company limited by guarantee Statement of Financial Activitie5 for the Year Ended 31 March 2025 Total Funds 2025 Total Funds 2024 Unrestricted Funds Restricted Funds Incom¢ and Expenditure Incoining resources from charitable activities Total Incomlng Rosour¢es 23,244 23,244 7,022 23,244 23,244 7,022 Rosources Expended Management & Administration 2,728 2,995 5,723 9,373 Total Resources Expended 2,728 2,995 5,723 9,373 Net Incoming l (Outgolng) Resources 20,516 (2,995) 17,521 (2,351) Balances brought fonvard l April 2024 194,059 524,942 719,001 721,352 214,575 521,947 736,522 719,001 Balances carried forward 31 March 2025 214,575 521,947 736,522 719,001 The above amounts relate to continuing operations of the charity. The charity has no recognised gains and losses other than those included in the results above and therefore no separate statement of total recognised gains and losses has been presented. There is no difference between the net incoming resources for the period stated above and their historical cost equivalents. Page 5
Foyle Film Projects Limited Company limited by guarantee Balance sheet as at 31 March 2025 2025 2024 Notes Fixed assets Tangible assets Tnv¢stments 91,000 91,000 400,000 91,000 491,000 Current assets Debtors Cash at bank and in hand 1,080 645,402 1,080 227,881 646,482 228,961 Creditors: amounts falllng due wlthln one ycar (960) (960) Net current assets 645,522 228,001 Total assets less current Ilabllitles 736,522 719,001 Net assets 736,522 719.001 Funds Unrestricted Restricted 214,575 521,947 194,059 524,942 Funds 736,522 719,001 The notes on pages 8 to 12 form an integral part of these financial statements. Page 6
Foyle Film Projects Limited Company limited by guarantee Balance sheet (continued) In approving thes¢ financial statements as directors of the company we hereby confirn]: The company was entitled to exemption from audit under s477 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 Companies Act 2006 with respect to accounting records and preparation of accounts. These accounts have been prepared in accordance witli the provisions applicable to small companies subject to th small companies regi in accordance with FRS102 SORP. Director Dfiroetor Date . 13 November 2025 Date . 13 Novembcr 2025 Regfistratlon number N1020328 The note5 on pages 8 to 12 form an integral part of these financial statements. Page 7
Foyle Film Projects Limited Company limited by guarantee Notes to the financial statements for the year ended 31 March 2025 Accounting policies The principal accounting policies adopted in th¢ preparation of the financial statements are set out below and have remained unchang¢d from the previous year, and also have been consistently applied within the same accounts. Accounting conventlon The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Finaiicial Reporting Standard applicable in the UK and Republic of Ireland Charities SORP(FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Companies Act 2006 and Charities Act (Northern Ireland) 2008. 1.2 Incomlng resourees (i) Grants Grants represent all amounts received and receivable during the year. Revenue grants are credited to the Statement of Financial Activities in the year they are rec¢ived. (li) Sundry Income This comprised amounts received during the year. 1.3 Resources expended (i) Direct Charitable Expenditure This represents all expenditure directly attributable to charitable causes. (li) Management & Administration This includes all other expenditure not directly allocated above and a portion of the overhead cost attributable to management and administration. Page 8
Foyle Film Projects Limited Company limited by guarantee Notes to the financial statements for the year ended 31 March 2025 continued 1.4 Tanglble fixed assets and deprecEatlon Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful lif¢, as follows: Land and buildings 00/0 Straight line Investments Fixed asset investments are stated at cost less provision for pennanent diminution in value. Unrcstrlcted Rostrlctcd Total In¢omo Income Funds 2025 2025 2025 Total Funds 2024 Incoming Resources Volunta Income Bank interest received 23,244 23,244 7,022 23,244 23,244 7,022 (i) Rcstrlcted Funds Funds received which are eannarked by the Funder for specific purposes. Such purposes are within the overall aims of the organisation. (li) Unrestrlctod Fund$ Funds which are expendable at the discretion of the company in furtherance of the aims of the charity. In addition funds may be held in order to finance capital investment and working capital. Page 9
Foylc Film Projects Limited Company limited by guarantee Notes to the financial statements for the year ended 31 March 2025 ¢ontinued 2.1 Resources Expended Unrestricted Funds Restricted Funds Total 2025 Total 2024 Management & Administration Training & course fees Travel & management costs Insurance Production costs Accountancy fees Bank charges 1,500 5,147 1,793 2,696 232 1,863 2,928 1,863 900 900 32 900 32 32 2,728 2,995 5,723 9,373 Land and buildings freehold Tangible fixed assets Total Cost At l April 2024 91,000 91,000 At 31 March 2025 91,000 91,000 Net book values At 31 March 2025 91,000 91,000 At 31 March 2024 91,000 91,000 Debtors 2025 2024 Debtors 1,080 1,080 1,080 1,080 Page 10
Foyle Film Projects Limited Company limited by guarantee Notes to the financial statements for the year ended 31 March 2025 continued Creditors: arnounts falling due within ono yoar 2025 2024 Accruals 960 960 Related party transactions There were no related party transactions in the period under review. Controlling Interest The ultimate control of the company rests with the board of directors. Company limited by guarantee The company is limited by guarantee and does not have a share capital. Page 11
Foyle Film Projects Limited Company limited by guarantee Notes to the financial statements for the year ended 31 March 2025 continu¢d Movements in Funds At At l Aprll Incoming Outgolng 31 March 2024 resources rosources 2025 Restricted funds: Restricted funds: 524,942 (2,995) 521,947 Total restricted funds 524,942 (2,995) 521,947 Unrestrlctod funds: Unrestricted funds: 194,059 23,244 (2,728) 214,575 Total unrestricted funds 194,059 23,244 (2,728) 214,575 Total funds 719,001 23,244 (5.723) 736,522 Purposes of Restrficted Funds Restricted grants awarded to the charity are provided to cover the core objects as explained in directors report. Page 12