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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 2021

for

Cimatheque Foundation

Cimatheque Foundation






Contents of the Financial Statements
for the Year Ended 31st December 2021




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 11

Cimatheque Foundation (Registered number: 08315897)

Report of the Trustees
for the Year Ended 31st December 2021


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 2021. 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.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
In the period end the Trust has received donations and grants in total of £21,808

During the period end the Trustees have expended resources totalling a net amount of £43,530 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

Registered office
272 Regents Park Road
London
N3 3HN

Cimatheque Foundation (Registered number: 08315897)

Report of the Trustees
for the Year Ended 31st December 2021

Trustees
K H I Abdalla Director
H I Abdalla Director
Professor N J Sakr Director

Company Secretary

Independent Examiner
Spencer Hyde Limited
272 Regents Park Road
London
N3 3HN

Approved by order of the board of trustees on 9th September 2022 and signed on its behalf by:





K H I Abdalla - Trustee

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 2021.

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
3. 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
4. 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.








Abdallah Gurnah
Spencer Hyde Limited
272 Regents Park Road
London
N3 3HN

13th September 2022

Cimatheque Foundation

Statement of Financial Activities
for the Year Ended 31st December 2021

2021 2020
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies - 21,809 21,809 74,616

EXPENDITURE ON
Charitable activities
Art House Workshop - 41,367 41,367 55,894

Other 2,163 - 2,163 2,145
Total 2,163 41,367 43,530 58,039

NET INCOME/(EXPENDITURE) (2,163 ) (19,558 ) (21,721 ) 16,577

Transfers between funds 7 (13,783 ) 13,783 - -
Net movement in funds (15,946 ) (5,775 ) (21,721 ) 16,577

RECONCILIATION OF FUNDS

Total funds brought forward 382,297 407,100 789,397 772,820

TOTAL FUNDS CARRIED FORWARD 366,351 401,325 767,676 789,397

Cimatheque Foundation (Registered number: 08315897)

Balance Sheet
31st December 2021

2021 2020
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
CURRENT ASSETS
Debtors 5 393,944 401,306 795,250 791,563
Cash at bank 2,506 19 2,525 26,133
396,450 401,325 797,775 817,696

CREDITORS
Amounts falling due within one year 6 (30,099 ) - (30,099 ) (28,299 )

NET CURRENT ASSETS 366,351 401,325 767,676 789,397

TOTAL ASSETS LESS CURRENT
LIABILITIES

366,351

401,325

767,676

789,397

NET ASSETS/(LIABILITIES) 366,351 401,325 767,676 789,397
FUNDS 7
Unrestricted funds 366,351 382,297
Restricted funds 401,325 407,100
TOTAL FUNDS 767,676 789,397

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2021.


The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2021 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


Cimatheque Foundation (Registered number: 08315897)

Balance Sheet - continued
31st December 2021

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 9th September 2022 and were signed on its behalf by:





K H I Abdalla - Trustee

Cimatheque Foundation

Notes to the Financial Statements
for the Year Ended 31st December 2021

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 2021 nor for the year ended 31st December 2020.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31st December 2021 nor for the year ended 31st December 2020.



Cimatheque Foundation

Notes to the Financial Statements - continued
for the Year Ended 31st December 2021

3. STAFF COSTS

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

2021 2020
Average number of staff 3 3

No employees received emoluments in excess of £60,000.

4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 1 74,615 74,616

EXPENDITURE ON
Charitable activities
Art House Workshop 16 55,878 55,894

Other 2,145 - 2,145
Total 2,161 55,878 58,039

NET INCOME/(EXPENDITURE) (2,160 ) 18,737 16,577

Transfers between funds 18,737 (18,737 ) -
Net movement in funds 16,577 - 16,577

RECONCILIATION OF FUNDS

Total funds brought forward 365,720 407,100 772,820

TOTAL FUNDS CARRIED FORWARD 382,297 407,100 789,397

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 795,250 791,563

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


Cimatheque Foundation

Notes to the Financial Statements - continued
for the Year Ended 31st December 2021

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Revisiting Memory

The loan has been provided interest free and is repayable on demand

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors (1 ) 4,499
Other creditors 28,300 22,000
Accrued expenses 1,800 1,800
30,099 28,299

7. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.1.21 in funds funds 31.12.21
£    £    £    £   
Unrestricted funds
General fund 382,297 (2,163 ) (13,783 ) 366,351

Restricted funds
Kurrasat Project 77,465 - - 77,465
Cimatheque Alternative Film Centre 322,884 - - 322,884
NAAS at CIMATHEQUE Arab Art House
Cinema Workshop

6,751

(19,558

)

13,783

976
407,100 (19,558 ) 13,783 401,325
TOTAL FUNDS 789,397 (21,721 ) - 767,676

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund - (2,163 ) (2,163 )

Restricted funds
NAAS at CIMATHEQUE Arab Art House
Cinema Workshop

21,809

(41,367

)

(19,558

)

TOTAL FUNDS 21,809 (43,530 ) (21,721 )


Cimatheque Foundation

Notes to the Financial Statements - continued
for the Year Ended 31st December 2021

7. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net Transfers
movement between At
At 1.1.20 in funds funds 31.12.20
£    £    £    £   
Unrestricted funds
General fund 365,720 (2,160 ) 18,737 382,297

Restricted funds
Kurrasat Project 77,465 - - 77,465
Cimatheque Alternative Film Centre 322,884 - - 322,884
NAAS at CIMATHEQUE Arab Art House
Cinema Workshop

6,751

18,737

(18,737

)

6,751
407,100 18,737 (18,737 ) 407,100
TOTAL FUNDS 772,820 16,577 - 789,397

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 1 (2,161 ) (2,160 )

Restricted funds
NAAS at CIMATHEQUE Arab Art House
Cinema Workshop

74,615

(55,878

)

18,737

TOTAL FUNDS 74,616 (58,039 ) 16,577

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

Net Transfers
movement between At
At 1.1.20 in funds funds 31.12.21
£    £    £    £   
Unrestricted funds
General fund 365,720 (4,323 ) 4,954 366,351

Restricted funds
Kurrasat Project 77,465 - - 77,465
Cimatheque Alternative Film Centre 322,884 - - 322,884
NAAS at CIMATHEQUE Arab Art House
Cinema Workshop

6,751

(821

)

(4,954

)

976
407,100 (821 ) (4,954 ) 401,325
TOTAL FUNDS 772,820 (5,144 ) - 767,676

Cimatheque Foundation

Notes to the Financial Statements - continued
for the Year Ended 31st December 2021

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:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 1 (4,324 ) (4,323 )

Restricted funds
NAAS at CIMATHEQUE Arab Art House
Cinema Workshop

96,424

(97,245

)

(821

)

TOTAL FUNDS 96,425 (101,569 ) (5,144 )

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 2021.