Ipswich Film Theatre Trust

Registered number: 07031196

	2024	2023
	£	£
Fixed assets	4,812	6,116

Current assets	3,944	4,497
Prepayments and accrued income	5,250	6,650
Creditors: Amounts Falling Due Within One Year	(79,570 )	(56,871 )

NET CURRENT LIABILITIES	(70,376 )	(45,724 )

TOTAL ASSETS LESS CURRENT LIABILITIES	(65,564 )	(39,608 )

Accruals and deferred income	(1,845 )	(900 )

NET LIABILITIES	(67,409 )	(40,508 )

RESERVES	(67,409 )	(40,508 )

Notes

1. General Information

Ipswich Film Theatre Trust is a private company, limited by guarantee, incorporated in England & Wales, registered number 07031196 . The registered office is Unit 2, Sapphire House, Knightsdale Road, Ipswich, Suffolk, IP1 4JJ.

2. Average Number of Employees

Average number of employees, including directors, during the year was: 7 (2023: 8)

3. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2024	2023
	£	£
Not later than one year	4,267	4,267
Later than one year and not later than five years	11,733	16,000

	16,000	20,267

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Ipswich Film Theatre Trust

Balance Sheet (continued)

As At 31 December 2024

4. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £10.

For the year ending 31 December 2024 the company was entitled to exemption from audit 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

Mr Daniel Champion

Director

16th September 2025