PORTSMOUTH FILM SOCIETY CIC

Company limited by guarantee

Company Registration Number:
10229238 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2025

Period of accounts

Start date: 1 July 2024

End date: 30 June 2025

PORTSMOUTH FILM SOCIETY CIC

Contents of the Financial Statements

for the Period Ended 30 June 2025

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

PORTSMOUTH FILM SOCIETY CIC

Directors' report period ended 30 June 2025

The directors present their report with the financial statements of the company for the period ended 30 June 2025

Principal activities of the company

The company's principal activity during the year was the operation of a cinema and arts centre.

Additional information

The report of the directors has been prepared taking advantage of the small companies exemption of section 415A of the Companies Act 2006.



Directors

The directors shown below have held office during the whole of the period from
1 July 2024 to 30 June 2025

Aysegul Epengin
Rabia Reyhan Harper-Ronald


Secretary Chris Martin

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
10 June 2026

And signed on behalf of the board by:
Name: Aysegul Epengin
Status: Director

PORTSMOUTH FILM SOCIETY CIC

Profit And Loss Account

for the Period Ended 30 June 2025

2025 2024


£

£
Turnover: 23,752 30,093
Cost of sales: ( 8,698 ) ( 11,345 )
Gross profit(or loss): 15,054 18,748
Administrative expenses: ( 70,863 ) ( 73,883 )
Other operating income: 32,415 67,608
Operating profit(or loss): (23,394) 12,473
Interest payable and similar charges: ( 60 ) ( 100 )
Profit(or loss) before tax: (23,454) 12,373
Profit(or loss) for the financial year: (23,454) 12,373

PORTSMOUTH FILM SOCIETY CIC

Balance sheet

As at 30 June 2025

Notes 2025 2024


£

£
Fixed assets
Tangible assets: 3 39,082 55,075
Total fixed assets: 39,082 55,075
Current assets
Debtors: 4 79 948
Cash at bank and in hand: 3,645 6,867
Total current assets: 3,724 7,815
Creditors: amounts falling due within one year: 5 ( 29,314 ) ( 22,823 )
Net current assets (liabilities): (25,590) (15,008)
Total assets less current liabilities: 13,492 40,067
Creditors: amounts falling due after more than one year: 6 ( 13,000 ) ( 16,121 )
Total net assets (liabilities): 492 23,946
Members' funds
Profit and loss account: 492 23,946
Total members' funds: 492 23,946

The notes form part of these financial statements

PORTSMOUTH FILM SOCIETY CIC

Balance sheet statements

For the year ending 30 June 2025 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 10 June 2026
and signed on behalf of the board by:

Name: Aysegul Epengin
Status: Director

The notes form part of these financial statements

PORTSMOUTH FILM SOCIETY CIC

Notes to the Financial Statements

for the Period Ended 30 June 2025

  • 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less 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 over its expected useful life, on the following basis: Motor Vehicles - 20% Reducing Balance Fixtures and Fittings - 20% Reducing Balance Office equipment - 20% Reducing Balance

    Other accounting policies

    First-time adoption of FRS 102 1A There is no impact to equity or profit and loss following the transition from FRS 105 to FRS 102 1A. Operating lease rentals Rentals payable under operating leases are charged against income on a straight line basis over the lease term. Debtors Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Creditors Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

PORTSMOUTH FILM SOCIETY CIC

Notes to the Financial Statements

for the Period Ended 30 June 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 0 0

PORTSMOUTH FILM SOCIETY CIC

Notes to the Financial Statements

for the Period Ended 30 June 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2024 29,945 68,354 1,100 99,399
Additions
Disposals
Revaluations
Transfers
At 30 June 2025 29,945 68,354 1,100 99,399
Depreciation
At 1 July 2024 18,694 24,890 740 44,324
Charge for year 2,250 13,671 72 15,993
On disposals
Other adjustments
At 30 June 2025 20,944 38,561 812 60,317
Net book value
At 30 June 2025 9,001 29,793 288 39,082
At 30 June 2024 11,251 43,464 360 55,075

PORTSMOUTH FILM SOCIETY CIC

Notes to the Financial Statements

for the Period Ended 30 June 2025

4. Debtors

2025 2024
£ £
Other debtors 79 948
Total 79 948

PORTSMOUTH FILM SOCIETY CIC

Notes to the Financial Statements

for the Period Ended 30 June 2025

5. Creditors: amounts falling due within one year note

2025 2024
£ £
Bank loans and overdrafts 1,511
Trade creditors 1,602
Taxation and social security 2,521
Other creditors 23,680 22,823
Total 29,314 22,823

PORTSMOUTH FILM SOCIETY CIC

Notes to the Financial Statements

for the Period Ended 30 June 2025

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

2025 2024
£ £
Bank loans and overdrafts 3,121
Other creditors 13,000 13,000
Total 13,000 16,121

PORTSMOUTH FILM SOCIETY CIC

Notes to the Financial Statements

for the Period Ended 30 June 2025

7. Financial Commitments

The total of future minimum lease payments under non-cancellable operating leases at the year end was £234,000 (2024: £234,000).

COMMUNITY INTEREST ANNUAL REPORT

PORTSMOUTH FILM SOCIETY CIC

Company Number: 10229238 (England and Wales)

Year Ending: 30 June 2025

Company activities and impact

Portsmouth Film Society (PFS) CIC continued its mission to provide accessible, inclusive and culturally enriching film and arts experiences for the communities of Portsmouth and the wider South Coast. Operating from Southsea Cinema and Arts Centre, the organisation delivered a diverse year-round programme of cinema screenings, festivals, exhibitions, workshops, talks, live music performances and community events that promoted education, wellbeing, creativity and social engagement. During the year, PFS presented a broad programme of independent, British and international cinema alongside themed seasons and special events. Major activities included the Recovery Festival, LGBTQ+ Film Festival, Green Film Festival, outdoor cinema events and a range of community screenings developed in partnership with local organisations. These events provided opportunities for people from diverse backgrounds to come together, engage with important social and cultural issues, and participate in shared experiences that strengthened community cohesion and reduced social isolation. PFS continued to develop film education and audience development activities through workshops, panel discussions, filmmaker Q&As and skills-based learning opportunities. Particular emphasis was placed on engaging young people through music and cultural events, supporting emerging artists and filmmakers, and reaching underrepresented communities and individuals who may face barriers to accessing arts and cultural provision. These activities encouraged lifelong learning, creative expression and increased participation in the arts. Accessibility remained central to the organisation's work. Through affordable ticket pricing, pay-what-you-can initiatives, free community events and partnerships with charitable and voluntary sector organisations, PFS ensured that cultural participation remained open to a wide range of residents, including people in recovery, refugees, low-income households and those experiencing social isolation. Southsea Cinema and Arts Centre continues to provide a welcoming and safe space where individuals can connect with others, build confidence, access cultural opportunities and participate in community life regardless of their background or circumstances. The organisation worked closely with community groups, artists, educational institutions, charities and local authorities to strengthen Portsmouth's cultural infrastructure and create opportunities for collaboration. By supporting local artists, hosting community-led initiatives and providing affordable space for cultural activity, PFS contributed to the development of Portsmouth's creative economy and cultural sector. The community benefit delivered by Portsmouth Film Society extends beyond entertainment. The organisation's activities promote social inclusion, improve wellbeing, encourage community participation, provide educational opportunities and support local creative talent. Through accessible cultural provision and inclusive programming, PFS helps address barriers to participation in the arts while fostering a stronger sense of belonging and civic pride within the local community. Across all programmes, thousands of audience members, participants and visitors engaged with PFS activities during the year. The Society continued to demonstrate significant community and social benefit through its commitment to accessible cultural provision, creative education, community wellbeing and inclusive engagement. Turnover and other operating income decreased during the year, predominantly due to reduced grant funding and the fact that some rooms and facilities were not available for hire throughout the entire reporting period. Despite these challenges, the directors remained committed to maintaining the organisation's community activities and cultural programme. The directors continue to actively seek grant funding, sponsorship opportunities, partnerships and new sources of earned income to support the long-term sustainability of the CIC and maximise the community benefit delivered through its activities. The Society's annual accounts provide a full and transparent record of income and expenditure. Resources were applied solely in furtherance of the company's community interest objectives, including venue operations, programme delivery, artist support, educational activities, audience development and community engagement initiatives. The assets of Portsmouth Film Society CIC continue to be used exclusively in support of its community interest objectives, particularly in relation to community screenings, educational programmes, festivals and outdoor cinema events. These assets include Southsea Cinema and Arts Centre, projection and sound equipment, exhibition infrastructure, video production equipment, educational resources and outdoor cinema equipment. The availability of these assets enables the Society to provide affordable and accessible cultural, educational and community activities that directly benefit residents of Portsmouth and the surrounding areas. By maintaining and utilising these resources for public benefit, the Society continues to support community participation, creative development, social inclusion and access to arts and culture.

Consultation with stakeholders

Stakeholders consulted during the year included: -Local audiences and community members -Southsea Cinema and Arts Centre users -Partner charities and voluntary organisations ; -Artists, filmmakers and exhibitors -Educational institutions and students -Volunteers and staff -Funders and grant-making bodies: Portsmouth City Council, University of -Portsmouth and National Lottery -Local authorities and community leaders Consultation methods included: -Audience surveys and feedback forms -Post-event discussions and evaluation sessions -Community meetings and public engagement events -Social media feedback and online communications -Partnership meetings with community organisations -Volunteer and staff meetings -Stakeholder consultations linked to funded projects and festivals Feedback received from stakeholders informed programming decisions, accessibility improvements, community outreach activities and future project development. Audiences expressed strong support for affordable and inclusive cultural events, while community partners highlighted the importance of maintaining a safe and welcoming cultural venue within Portsmouth. Feedback also informed the development of new events, improvements to audience experience, increased community partnerships and efforts to ensure that activities remain accessible to individuals facing financial, social or cultural barriers. The directors continue to use stakeholder feedback to guide decision-making and ensure that the organisation's activities deliver meaningful community benefit.

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
10 June 2026

And signed on behalf of the board by:
Name: Aysegul Epengin
Status: Director