IRIS Accounts Productionv25.1.0.734OtherCompany accountsTruefalsePounds1.1.2431.12.2431.12.24FYFRS 102Independent examinerSmall companies regime for accountsFullCharities SORPtruefalsetruetruetruefalsetruetruefalsefalse23 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1376862023-12-31SC1376862024-12-31SC1376862024-01-012024-12-31SC1376862022-12-31SC1376862023-01-012023-12-31SC1376862023-12-31SC137686ns0:CharitableCompanyLimitedByGuarantee2024-01-012024-12-31SC137686ns15:PoundSterling2024-01-012024-12-31SC137686ns11:FRS1022024-01-012024-12-31SC137686ns11:IndependentExaminationCharity2024-01-012024-12-31SC137686ns11:SmallCompaniesRegimeForAccounts2024-01-012024-12-31SC137686ns11:FullAccounts2024-01-012024-12-31SC137686ns11:CharitiesSORP2024-01-012024-12-31SC13768622024-01-012024-12-31SC137686ns0:Trustee12024-01-012024-12-31SC137686ns0:Trustee22024-01-012024-12-31SC137686ns0:Trustee32024-01-012024-12-31SC137686ns0:Trustee42024-01-012024-12-31SC137686ns0:Trustee52024-01-012024-12-31SC137686ns11:RegisteredOffice2024-01-012024-12-31SC137686ns0:Activity82024-01-012024-12-31SC137686ns0:Activity82023-01-012023-12-31SC137686ns10:WithinOneYear2024-12-31SC137686ns10:WithinOneYear2023-12-31SC137686ns0:TotalUnrestrictedFunds2024-12-31SC13768622024-01-012024-12-31SC13768632024-01-012024-12-31SC13768612024-01-012024-12-31SC13768612023-01-012023-12-31

REGISTERED COMPANY NUMBER: SC137686 (Scotland)

REGISTERED CHARITY NUMBER: SC020116














Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 December 2024


for



French Film Festival Limited



French Film Festival Limited








Contents of the Financial Statements

for the Year Ended 31 December 2024






Page




Reference and Administrative Details  

1




Report of the Trustees  

2


to


3



Independent Examiner's Report  

4




Statement of Financial Activities  

5




Balance Sheet  

6




Notes to the Financial Statements  

7


to


11



French Film Festival Limited



Reference and Administrative Details

for the Year Ended 31 December 2024





TRUSTEES

R Mowe


T A Chaurin


E J Mortimore


C Moreau


D B F Kayembe


E M Chege




REGISTERED OFFICE

6 Logie Mill


Edinburgh


EH7 4HG




REGISTERED COMPANY NUMBER

SC137686 (Scotland)




REGISTERED CHARITY NUMBER

SC020116




INDEPENDENT EXAMINER

A H & Co Ltd


Chartered Accountants


6 Logie Mill


Edinburgh


Lothian


EH7 4HG



                         BANKERS


Bank of Scotland PLC



38 St Andrews Square



Edinburgh



EH2 2YR




French Film Festival Limited (Registered number: SC137686)



Report of the Trustees

for the Year Ended 31 December 2024



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 31 December 2024. 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 2022).


OBJECTIVES AND ACTIVITIES

Objectives and aims

The objective and activity of the charity is to present an annual French Film Festival across the United Kingdom.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

During the year under review, the charity successfully held a festival of French film across the United Kingdom.

FINANCIAL REVIEW

Principal funding sources

The charity raises funds from a variety of sources including Creative Scotland, Unifrance and the French Institutes. The charity also raises funds from advertising and sponsorship in their annual programmes.

Reserves policy

The Statement of Financial Activities shows that the Charity has net outgoing resources of £2,587 (2023: net outgoing resources of £12,715). There was a surplus of reserves as at 31 December 2024 of £12,345 (2023: £14,932).

Funds in deficit

As at 31 December 2024 there were no funds in deficit (2023: none).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.


The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up, each member is required to contribute an amount not exceeding £1. As at 31 December 2024 there were six members.


Recruitment and appointment of new trustees

New trustees are recruited and appointed in accordance with the provisions in the Memorandum and Articles of Association of the charity.

Organisational structure

The charity has two directors who meet regularly throughout the year. The board of directors is responsible for the overall governance of the French Film Festival Limited and for developing the charity's aims, objectives and goals in accordance with its Memorandum and Articles of Association and the needs of its members.

The board is responsible for maintaining the financial viability of the French Film Festival Limited and for ensuring that the company complies with its legal obligations, including those arising from charity, company and employment law. The day to day administration and operation of the charity is conducted by the three directors.

Induction and training of new trustees

It is the company's policy to give new directors a full briefing on their obligations under charity law on the contents of the Trust Deed. New directors are also issued with a copy of the Office of Scottish Charity Regulator's (OSCR) 'Guidance for Charity Trustees'.

Related parties

French Film Festival Ltd did not receive or give funds to charities or any other organisation with which any of the directors are associated with.

FUNDS HELD AS CUSTODIAN FOR OTHERS

During the year ended 31 December 2024 the charity did not hold funds as custodian for others (2023: nil).




French Film Festival Limited (Registered number: SC137686)



Report of the Trustees

for the Year Ended 31 December 2024


This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


Approved by order of the board of trustees on 11 April 2025 and signed on its behalf by:






R Mowe - Trustee


Independent Examiner's Report to the Trustees of

French Film Festival Limited (Registered number: SC137686)


I report on the accounts for the year ended 31 December 2024 set out on pages five to eleven.


Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.


Basis of the independent examiner's report

My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.


Independent examiner's statement

In connection with my examination, no matter has come to my attention :


(1)

which gives me reasonable cause to believe that, in any material respect, the requirements


-

to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and

-

to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations


have not been met; or


(2)

to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.









Calum Anderson CA CTA

The Institute of Chartered Accountants of Scotland


A H & Co Ltd

Chartered Accountants

6 Logie Mill

Edinburgh

Lothian

EH7 4HG


Date: .............................................



French Film Festival Limited



Statement of Financial Activities

(Incorporating an Income and Expenditure Account)

for the Year Ended 31 December 2024



31.12.24


31.12.23


Unrestricted


Total


fund


funds


Notes

£   

£   


INCOME AND ENDOWMENTS FROM

Donations and legacies

2

44,645


50,850



Other trading activities

3

37,044


23,569


Total

81,689


74,419



EXPENDITURE ON

Charitable activities

4

French Film Festival

84,276


87,134



NET INCOME/(EXPENDITURE)

(2,587

)

(12,715

)



RECONCILIATION OF FUNDS

Total funds brought forward

14,932


27,647



TOTAL FUNDS CARRIED FORWARD

12,345


14,932



CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.



French Film Festival Limited (Registered number: SC137686)



Balance Sheet

31 December 2024



31.12.24


31.12.23


Unrestricted


Total


fund


funds


Notes

£   

£   


CURRENT ASSETS


Debtors

10

13,424


7,909


Cash at bank

9,403


17,777


22,827


25,686



CREDITORS


Amounts falling due within one year

11

(10,482

)

(10,754

)


NET CURRENT ASSETS

12,345


14,932



TOTAL ASSETS LESS CURRENT LIABILITIES

12,345


14,932



NET ASSETS

12,345


14,932


FUNDS

12

Unrestricted funds

12,345


14,932


TOTAL FUNDS

12,345


14,932



The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

These financial statements have been prepared in accordance with and delivered in accordance with the special provisions applicable to small charitable companies subject to the small companies regime.



The financial statements were approved by the Board of Trustees and authorised for issue on 11 April 2025 and were signed on its behalf by:






R Mowe - Trustee



French Film Festival Limited



Notes to the Financial Statements

for the Year Ended 31 December 2024


1.

ACCOUNTING POLICIES



Basis of preparing the financial statements


The financial statements of the charity, 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 in the UK and Republic of Ireland (FRS 102) (effective 1 January 2022)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended 2016). The financial statements have been prepared under the historical cost convention with the exception of investments which are included at market value.



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.



Governance costs


Governance costs comprise all costs involving public accountability of the trust and its compliance with regulation and good practice.  These costs include costs relating to statutory accounts preparation and legal fees together with an apportionment of overhead and support costs.



Exemption from preparing a cash flow statement


Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.



Value added tax


The company is not registered for VAT and accordingly expenditure includes VAT where appropriate.



Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Computer Equipment - 25 % per annum
Fixtures and Fittings - 20% per annum

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.


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.


Basic financial instruments

The company 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.

Provisions
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.


French Film Festival Limited



Notes to the Financial Statements - continued

for the Year Ended 31 December 2024


2.

DONATIONS AND LEGACIES


31.12.24


31.12.23

£   

£   



Grants

44,195


50,850




Advertising

450


-



44,645


50,850




3.

OTHER TRADING ACTIVITIES


31.12.24


31.12.23

£   

£   



Private Sponsorships

16,484


14,726




Box Office

20,560


8,843



37,044


23,569




4.

CHARITABLE ACTIVITIES COSTS


Support



Direct

costs (see



Costs

note 5)

Totals

£   

£   

£   



French Film Festival

78,577


5,699


84,276




5.

SUPPORT COSTS


Governance


costs

£   



French Film Festival

5,699





Support costs, included in the above, are as follows:




Governance costs



31.12.24


31.12.23


French



Film


Total


Festival


activities

£   

£   



Accountancy

2,204


1,769




Independent examination fee

275


110




Bookkeeping & payroll

3,220


2,720



5,699


4,599




6.

NET INCOME/(EXPENDITURE)



Net income/(expenditure) is stated after charging/(crediting):




31.12.24


31.12.23

£   

£   



Deficit on disposal of fixed assets

-


246






French Film Festival Limited



Notes to the Financial Statements - continued

for the Year Ended 31 December 2024


7.

TRUSTEES' REMUNERATION AND BENEFITS



During the year remuneration of £6,250 was paid to R Mowe (2023: a payment of £12,500 was made to R Mowe).



Trustees' expenses



During the year, R Mowe was reimbursed £Nil (2023: £1,368) for Trust expenses.


8.

EMPLOYEES



The average number of employees during the year was 2 (2023: 3).


9.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES


Unrestricted


fund

£   



INCOME AND ENDOWMENTS FROM


Donations and legacies

50,850




Other trading activities

23,569



Total

74,419




EXPENDITURE ON


Charitable activities


French Film Festival

87,134




NET INCOME/(EXPENDITURE)

(12,715

)




RECONCILIATION OF FUNDS


Total funds brought forward

27,647




TOTAL FUNDS CARRIED FORWARD

14,932



10.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


31.12.24


31.12.23

£   

£   



Trade debtors

8,424


5,409




Accrued income

5,000


2,500



13,424


7,909






French Film Festival Limited



Notes to the Financial Statements - continued

for the Year Ended 31 December 2024


11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


31.12.24


31.12.23

£   

£   



Trade creditors

653


-




Business charge card

173


71




Social security and other taxes

1,906


2,250




Accrued expenses

7,750


8,433



10,482


10,754




12.

MOVEMENT IN FUNDS


Net




movement


At



At 1.1.24


in funds


31.12.24


£   

£   

£   



Unrestricted funds


General fund

14,932


(2,587

)

12,345





TOTAL FUNDS

14,932


(2,587

)

12,345





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



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

81,689


(84,276

)

(2,587

)




TOTAL FUNDS

81,689


(84,276

)

(2,587

)





Comparatives for movement in funds



Net




movement


At



At 1.1.23


in funds


31.12.23


£   

£   

£   



Unrestricted funds


General fund

27,647


(12,715

)

14,932





TOTAL FUNDS

27,647


(12,715

)

14,932





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



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

74,419


(87,134

)

(12,715

)




TOTAL FUNDS

74,419


(87,134

)

(12,715

)




French Film Festival Limited



Notes to the Financial Statements - continued

for the Year Ended 31 December 2024


12.

MOVEMENT IN FUNDS - continued



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



Net




movement


At



At 1.1.23


in funds


31.12.24


£   

£   

£   



Unrestricted funds


General fund

27,647


(15,302

)

12,345





TOTAL FUNDS

27,647


(15,302

)

12,345





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

156,108


(171,410

)

(15,302

)




TOTAL FUNDS

156,108


(171,410

)

(15,302

)



13.

RELATED PARTY DISCLOSURES


In the year to 31st December 2024, remuneration of £6,250 was paid to R Mowe (2023: £12,500 remuneration paid to R Mowe).

14.

ULTIMATE CONTROLLING PARTY


There is no ultimate controlling party.

15.

CAPITAL AND RESERVE



The Company is limited by guarantees of £1 per member and has no share capital. At 31 December 2024 there were six members of the company and their total liability at that date was £6 (2023: seven members whose total liability was £7).