FILIFEST CIC

Company limited by guarantee

Company Registration Number:
14273963 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 1 September 2023

End date: 31 August 2024

FILIFEST CIC

Contents of the Financial Statements

for the Period Ended 31 August 2024

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

FILIFEST CIC

Profit And Loss Account

for the Period Ended 31 August 2024

2024 13 months to 31 August 2023


£

£
Turnover: 2,440 8,190
Cost of sales: ( 4,044 ) ( 7,097 )
Gross profit(or loss): (1,604) 1,093
Administrative expenses: ( 165 )
Operating profit(or loss): (1,769) 1,093
Profit(or loss) before tax: (1,769) 1,093
Profit(or loss) for the financial year: (1,769) 1,093

FILIFEST CIC

Balance sheet

As at 31 August 2024

Notes 2024 13 months to 31 August 2023


£

£
Fixed assets
Tangible assets: 3 132 259
Total fixed assets: 132 259
Current assets
Cash at bank and in hand: 270 824
Total current assets: 270 824
Net current assets (liabilities): 270 824
Total assets less current liabilities: 402 1,083
Total net assets (liabilities): 402 1,083
Members' funds
Profit and loss account: 402 1,083
Total members' funds: 402 1,083

The notes form part of these financial statements

FILIFEST CIC

Balance sheet statements

For the year ending 31 August 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 26 May 2025
and signed on behalf of the board by:

Name: Rica Go
Status: Director

The notes form part of these financial statements

FILIFEST CIC

Notes to the Financial Statements

for the Period Ended 31 August 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

FILIFEST CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 13 months to 31 August 2023
    Average number of employees during the period 30 25

FILIFEST CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2023 259 259
Additions 0 0
Disposals
Revaluations
Transfers
At 31 August 2024 259 259
Depreciation
At 1 September 2023 0 0
Charge for year
On disposals
Other adjustments 127 127
At 31 August 2024 127 127
Net book value
At 31 August 2024 132 132
At 31 August 2023 259 259

COMMUNITY INTEREST ANNUAL REPORT

FILIFEST CIC

Company Number: 14273963 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

FiliFest CIC continued to grow and flourish in the financial year August 2023 to August 2024. Rooted in its mission to connect and empower the Filipino community in the UK, particularly among young Filipinos and Filipino-owned businesses, FiliFest once again delivered a range of impactful events and initiatives that celebrated Filipino culture, strengthened community bonds, and amplified youth voices. Throughout the year, FiliFest extended support to several Filipino Society-led initiatives that brought together students from across the UK. We provided financial sponsorship to FilSoc Sports UK’s basketball tournaments held in November 2023 and April 2024, as well as to the Surrey Sportsfest in April 2024. We also contributed to the FilSoc Gala in February 2024 through targeted social media promotion. These events collectively engaged around 20 Filipino university societies and played a vital role in fostering inter-university collaboration and cultural pride through sport and celebration. In an effort to promote Filipino cuisine and cultural expression, FiliFest launched the Filipino Food Cooking Challenge, a video campaign featuring both modern and traditional Filipino dishes. This creative project highlighted the richness of our culinary heritage while making it accessible to broader audiences and encouraging participation from the community. FiliFest also participated in wider cultural events, strengthening our presence beyond the university setting. In July 2024, we proudly took part in Barrio Fiesta UK, organised by TFC, where we represented Filipino youth in the community parade. At MCM Comic Con 2024, we showcased traditional Filipino street games, engaging a diverse and international crowd while celebrating the unique aspects of our heritage in a modern context. Expanding into digital spaces, we supported the Filipino gaming community by partnering with RazerStore for a Valorant Spike Rush tournament. This event brought together 50 participants and spectators and was livestreamed on FiliFest TV, our official YouTube channel, further building our presence as a hub for youth-led initiatives. As part of our annual festival preparations, we launched the 2024 Design Competition, offering Filipino artists an opportunity to contribute creatively to our festival branding. We also began promoting Filipino-owned businesses as part of our sponsor engagement. However, despite strong early momentum, we were unable to proceed with the festival due to unforeseen political challenges, including a Gaza encampment at our planned venue and racial tensions across the UK during the summer. These circumstances made it unsafe to host a large-scale event. Nevertheless, we successfully delivered our first-ever FiliFest Games in June 2024, in partnership with Brunel University. Celebrating Filipino favourites such as basketball, volleyball, and badminton, the event featured teams from 17 universities: Cardiff Met, East London, Hertfordshire, Anglia Ruskin, Birmingham, Kent, St Mary’s, Oxford Brookes, Nottingham Trent, Cardiff, Essex, Westminster, Reading, Portsmouth, Kingston, Brunel, and Greenwich. Around 200 spectators attended the event, which also featured business showcases from Filipino and community-driven brands including Pinoy Grill, Pinoy Eat, CutbyKishan, School of Kapwa, TransferGo, Apoy, and TFC’s London Barrio Fiesta. Despite the challenges faced this year, FiliFest CIC remained resilient. 2023–2024 was marked by strong community engagement, enhanced cultural visibility, and the continued empowerment of Filipino youth across the UK. As we move forward, we remain committed to celebrating Filipino identity and fostering unity, creativity, and pride within our growing community.

Consultation with stakeholders

FiliFest CIC’s primary stakeholders continue to be the Filipino university societies across the UK. At the beginning of the academic year, we update our internal records to reflect which UK universities have active Filipino Societies and establish connections with them. While our community is based largely in the UK, we also maintain communication with Filipino university associations beyond the UK when relevant. Throughout the year, we maintained strong and consistent engagement with these societies by involving them in both digital and in-person events. Communication was carried out regularly via Instagram and email, with meetings and informal consultations held to gather feedback and ensure that their voices helped shape events, especially our major plans such as the annual festival and new initiatives like FiliFest Games. Stakeholders were encouraged to take part in event planning, promotion, and volunteering. This hands-on involvement allowed societies to feel ownership over the projects and ensured our events reflected the needs and interests of the wider Filipino student community. We also leveraged social media, particularly Instagram, to engage with the broader community. Through Q&A stickers, polls, and open calls for messages and comments, we encouraged feedback and interaction. These digital touchpoints helped us better understand the community’s preferences and expectations. We used this insight to refine our programming and continue delivering relevant, youth-led experiences. Our social platforms remain one of our most effective tools for consultation and engagement, particularly given our community’s digital fluency.

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
26 May 2025

And signed on behalf of the board by:
Name: Rica Anne Go
Status: Director