CFI ACADEMY CIC

Company limited by guarantee

Company Registration Number:
12853547 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 1 October 2023

End date: 30 September 2024

CFI ACADEMY CIC

Contents of the Financial Statements

for the Period Ended 30 September 2024

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

CFI ACADEMY CIC

Directors' report period ended 30 September 2024

The directors present their report with the financial statements of the company for the period ended 30 September 2024

Principal activities of the company

Motion picture production activities, Video production activities, Cultural education & Educational support services



Directors

The directors shown below have held office during the whole of the period from
1 October 2023 to 30 September 2024

Callum Johnston
Mark Kipling
Jacob Punter


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
30 September 2025

And signed on behalf of the board by:
Name: Callum Johnston
Status: Director

CFI ACADEMY CIC

Profit And Loss Account

for the Period Ended 30 September 2024

2024 2023


£

£
Turnover: 69,998 63,006
Cost of sales: ( 19,034 ) ( 16,297 )
Gross profit(or loss): 50,964 46,709
Administrative expenses: ( 54,773 ) ( 35,279 )
Other operating income: 11,000
Operating profit(or loss): (3,809) 22,430
Profit(or loss) before tax: (3,809) 22,430
Tax: ( 1,585 )
Profit(or loss) for the financial year: (3,809) 20,845

CFI ACADEMY CIC

Balance sheet

As at 30 September 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 11,663 15,466
Total fixed assets: 11,663 15,466
Current assets
Cash at bank and in hand: 8,712 24,852
Total current assets: 8,712 24,852
Creditors: amounts falling due within one year: 4 ( 18,266 ) ( 34,400 )
Net current assets (liabilities): (9,554) (9,548)
Total assets less current liabilities: 2,109 5,918
Total net assets (liabilities): 2,109 5,918
Members' funds
Profit and loss account: 2,109 5,918
Total members' funds: 2,109 5,918

The notes form part of these financial statements

CFI ACADEMY CIC

Balance sheet statements

For the year ending 30 September 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 30 September 2025
and signed on behalf of the board by:

Name: Callum Johnston
Status: Director

The notes form part of these financial statements

CFI ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 30 September 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

CFI ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 3

CFI ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 October 2023 21,266 2,175 1,600 25,041
Additions
Disposals
Revaluations
Transfers
At 30 September 2024 21,266 2,175 1,600 25,041
Depreciation
At 1 October 2023 8,472 783 320 9,575
Charge for year 3,199 348 256 3,803
On disposals
Other adjustments
At 30 September 2024 11,671 1,131 576 13,378
Net book value
At 30 September 2024 9,595 1,044 1,024 11,663
At 30 September 2023 12,794 1,392 1,280 15,466

CFI ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 1,585
Other creditors 18,266 32,815
Total 18,266 34,400

COMMUNITY INTEREST ANNUAL REPORT

CFI ACADEMY CIC

Company Number: 12853547 (England and Wales)

Year Ending: 30 September 2024

Company activities and impact

"Company activities and impact In post-production for the 4 part drama series ROMEO HOTEL ELEVEN series but still filming segments throughout 2022, 2023 & 2024. The Series has given a platform for many young people in the community to showcase skills in front of behind the camera Young people behind the camera have been learning vital production skill to help them develop their professional practice. Had to postpone the film festival BCFF and now re-branding the festival to have a new date in 2025. The festival will be called CFI Film Festival and still hopefully based in Crawley depending on location.

Consultation with stakeholders

"Consultation with stakeholders. Directors Callum Johnston, Mark Kipling and Jacob Punter are the stakeholders of the CIC and undertook one director meeting per month during the first year of trade. At these meetings we would discuss the overall day to day running of the company. To benefit the longevity of this project all three stakeholders agreed to defer their salaries in year three so the CIC had more finances to spend on development costs. This decision allowed Crawley Film Initiative to invest in film production activities like the ROMEO HOTEL EL EVEN series.

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
30 September 2025

And signed on behalf of the board by:
Name: Callum Johnston
Status: Director