BMT FILM & MEDIA C.I.C.

Company limited by guarantee

Company Registration Number:
12505196 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

BMT FILM & MEDIA C.I.C.

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

BMT FILM & MEDIA C.I.C.

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal activities of the company

The company provides media, publicity, and video services at both commercial and community rates. Our commercial services include media production, film production, and journalism, while our community-based services extend to: Community publicity, archive (memory work health support, and counselling) and Documentary film and photography projects. As a non-profit organisation, we fulfil our community purpose using the above to engage with underrepresented individuals and groups to help publicise their activities. Directors voluntarily invest time and resources to enhance service provision for our community. Commercial Sales: new clients engaging in our video commissions for business and other CICs and Charities. Started making deliveries as part of our service. Archive: further royalties and licensing income from our on-going archive. No Grant income this year despite dozens of grants applied for. Ongoing grant applications that we expect to materialise in the next financial year (see CIC 34 report to stakeholders). BMT now has a tripartite structure as seen on our website https://www.bmtfilm.com/about : Our operations are categorised into three ‘branches’, each overseen by a designated director: 1. Community (CIC-based provision): Supporting musicians, fostering community cohesion, short form community films and art/photo projects and offering publicity, events, and workshops in Leeds and Yorkshire. Funded by grants as well as commercial income. 2. Archive: Maintaining a historical archive of everyday life in Leeds and West Yorkshire, films, photographs and ephemera linking 4 aspects of work, family/leisure, music, and socio-political events for use in oral history and memory studies. 3. Documentary: Developing documentary features for cinema and television, drawing upon our community and archival resources above.



Directors

The director shown below has held office during the whole of the period from
1 April 2023 to 31 March 2024

Garry Clarkson


The director shown below has held office during the period of
20 September 2023 to 31 March 2024

Tony Pryce


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
1 April 2024

And signed on behalf of the board by:
Name: Garry Clarkson
Status: Director

BMT FILM & MEDIA C.I.C.

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 1,505 578
Gross profit(or loss): 1,505 578
Administrative expenses: ( 20,590 ) ( 12,517 )
Other operating income: 0
Operating profit(or loss): (19,085) (11,939)
Interest payable and similar charges: ( 163 ) ( 286 )
Profit(or loss) before tax: (19,248) (12,225)
Profit(or loss) for the financial year: (19,248) (12,225)

BMT FILM & MEDIA C.I.C.

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets: 3 142 0
Tangible assets: 4 14,009 15,300
Total fixed assets: 14,151 15,300
Current assets
Cash at bank and in hand: 343 233
Total current assets: 343 233
Creditors: amounts falling due within one year: 5 ( 1,701 ) ( 3,097 )
Net current assets (liabilities): (1,358) (2,864)
Total assets less current liabilities: 12,793 12,436
Creditors: amounts falling due after more than one year: 6 ( 55,586 ) ( 35,981 )
Provision for liabilities: ( 2,907 ) ( 2,907 )
Total net assets (liabilities): (45,700) (26,452)
Members' funds
Profit and loss account: (45,700) ( 26,452)
Total members' funds: ( 45,700) (26,452)

The notes form part of these financial statements

BMT FILM & MEDIA C.I.C.

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 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 Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 29 April 2025
and signed on behalf of the board by:

Name: Garry Clarkson
Status: Director

The notes form part of these financial statements

BMT FILM & MEDIA C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery - 25% on reducing balance Computer equipment - 25% on reducing balance

BMT FILM & MEDIA C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

    As a Community Interest (CIC) company all directors work voluntarily at present. Freelancers are engaged on freelance contracts to support both grant-funded projects and commercial work. The company does not have PAYE employees or share holders.

BMT FILM & MEDIA C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 April 2023 0 0 0
Additions 142 142
Disposals
Revaluations
Transfers
At 31 March 2024 0 142 142
Amortisation
At 1 April 2023 0 0 0
Charge for year
On disposals
Other adjustments
At 31 March 2024 0 0 0
Net book value
At 31 March 2024 0 142 142
At 31 March 2023 0 0 0

BMT FILM & MEDIA C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 10,444 3,956 9,104 23,504
Additions 2,029 1,349 3,378
Disposals
Revaluations
Transfers
At 31 March 2024 12,473 5,305 9,104 26,882
Depreciation
At 1 April 2023 3,814 2,114 2,276 8,204
Charge for year 2,164 798 1,707 4,669
On disposals
Other adjustments
At 31 March 2024 5,978 2,912 3,983 12,873
Net book value
At 31 March 2024 6,495 2,393 5,121 14,009
At 31 March 2023 6,630 1,842 6,828 15,300

BMT FILM & MEDIA C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 829 1,114
Accruals and deferred income 500 528
Other creditors 372 1,455
Total 1,701 3,097

BMT FILM & MEDIA C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Other creditors 55,586 35,981
Total 55,586 35,981

Loans fron Directors

COMMUNITY INTEREST ANNUAL REPORT

BMT FILM & MEDIA C.I.C.

Company Number: 12505196 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

New director focussing on workshops and therapeutic support was engaged. Our community includes arts, and music groups, as well as local businesses and individuals across Leeds and West Yorkshire. We generate revenue through commercial licensing of photographs and video, offering discounted services to musicians, promoters, and venues. This strategy allows us to reinvest in subsidising community projects. During the 2023-2024 financial year, our activities have benefited the community in the following ways: 1. Community Support for Local Businesses: Partnering with a Doncaster-based charity, we provided publicity and video editing services to enhance their community cohesion work. Partnering with another CIC in Bradford we made publicity videos for Police and Community Star awards with Bradford Council as well as the annual Remembering Srebrenica memorial. 2. Archive Licensing: Revenue from licensing our photo and film archives has supported community events and historical commemorations. Income from platforms such as Pond 5, and other media has enabled us to continue archiving and digitizing materials. This helps our community as next years plan is to organise an archive showcasing our communities specific endeavours in order to publicise them. 3. Pre-Production of a Feature Documentary: We commenced pre-production on a documentary exploring the Leeds music community, which integrates elements of our community and archive initiatives. Planned completion in 2027. Helping by showcasing positive representations of our community to the wider world.

Consultation with stakeholders

Consultation with directors on a weekly basis and at our annual meeting in Leeds City Centre (21 February). All directors serve voluntarily and do not receive wages. We anticipate future growth will enable directors to take on freelance contracts to support both grant-funded projects and commercial work. To uphold our community purpose, we engage a panel or Quorum of community consultants. These advisers, drawn from local fields of music, business, hospitality, and media, provide oversight and guidance, ensuring our actions remain representative and aligned with community purpose. Key Discussion Points from the Directors and Stakeholders Meeting 21.02.2024: The decision to continue operating despite financial challenges imposed by on-going legal dispute and ‘phishing’ data protection crime which has impacted on full economic costs. Review of initial trading success in early 2020, which was abruptly halted by lockdown measures and how to build capacity. Commercial clients to re-engage as well as seek others. Targeting CIC grants prioritising ‘The Archive’ for next financial year to begin ‘green shoots’ recovery and financial aid (grants and loans) accessible due to building a clearer 3 branch organisational structure. Agreement to build resilience by seeking and targeting grants (to our three branches) whilst focusing on long-term projects and commercial 'bread & butter' videogrpahy. Directors contributed personal funds to upgrade equipment and cover essential costs, in particular serious breakdown of main vehicle (without which we can not transport expensive film equipment, lighting and crew) as an unforeseen expense. Receipt of small royalties from archive, identified to support the completion of community projects, including continuing a program working with older men in Leeds and West Yorkshire. Plans to apply for further funding for this.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
1 April 2024

And signed on behalf of the board by:
Name: Garry Clarkson
Status: Director