Cimatheque Foundation - Charities report

REGISTERED COMPANY NUMBER: 08315897 (England and Wales)

REGISTERED CHARITY NUMBER: 1167486

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

CIMATHEQUE FOUNDATION

Page

Report of the Trustees

1

to

2

Independent Examiner's Report

3

Statement of Financial Activities

4

Balance Sheet

5

Notes to the Financial Statements

6

to

11

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

To advance the education of the public in the knowledge, understanding and appreciation of the art of film, in particular Arab film, and to promote the study and appreciation of film for the benefit of the public by providing screenings, lectures, discussions, workshops and a film archive collection.

Significant activities

The Charity is involved in the following projects;

Helping to establish and maintain an alternative multi-purpose film centre in Cairo dedicated to celebrating the diversity of film and supporting the needs of independent filmmakers in Egypt while working to build a strong platform for alternative cinema. Services and programmes include film screenings, specialized workshops, a library, a moving image archive, and a lab for super 8mm and 16mm analogue film.

Revisiting Memory - a film archive project comprising of film screenings, exhibitions and workshops

Public benefit

The Trustees have referred to the guidance contained in the Charity Commission's general guidance on the public benefit when reviewing the Charity's aims and objectives and in planning future activities and in setting the grant making policy for the period.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

In the period end the Trust has received donations and grants in total of £157,963.

During the period end the Trustees have expended resources totalling a net amount of £179,727 as per Detailed Statement of Financial Activities.

FINANCIAL REVIEW

Reserves policy

The reserves held by the charity are to be expended on receipt of the necessary confirmation from the charity's counterparts in Egypt.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Charity is controlled by its governing document, a memorandum and articles of association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

New Trustees will be appointed based on their experience and credentials.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

08315897 (England and Wales)

Registered Charity number

1167486

Registered office

272 Regents Park Road

London

N3 3HN

Trustees

K H I Abdalla Director

H I Abdalla Director

Professor N J Sakr Director

Independent Examiner

Spencer Hyde Limited

272 Regents Park Road

London

N3 3HN

Approved by order of the board of trustees on 31 October 2026 and signed on its behalf by:

K H I Abdalla - Trustee

Independent examiner's report to the trustees of Cimatheque Foundation ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Antony Youselli

Spencer Hyde Limited

272 Regents Park Road

London

N3 3HN

31 October 2026

2025

2024

Unrestricted

Restricted

Total

funds

Notes

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

-

157,963

166,469

Other income

794

-

794

550

Total

794

157,963

158,757

167,019

EXPENDITURE ON

Raising funds

2,246

-

2,246

2,194

Charitable activities

Embassy of Netherlands (Archive lab)

-

104,608

55,407

Arts and Culture entrepreneurship

-

49,157

(29

)

Thoulathy: Cross-Border Collaboration Project

-

5,762

“Cairo Nizotic” – Map 23 Project

-

5,470

-

Film reel- phase 1

-

18,246

-

Total

2,246

177,481

179,727

63,334

NET INCOME/(EXPENDITURE)

(1,452

)

(19,518

)

(20,970

)

103,685

Transfers between funds

7

83,192

(83,192

)

-

Net movement in funds

81,740

(102,710

)

(20,970

)

103,685

RECONCILIATION OF FUNDS

Total funds brought forward

367,812

578,735

946,547

842,862

TOTAL FUNDS CARRIED FORWARD

449,552

476,025

925,577

946,547

2025

2024

Unrestricted

Restricted

Total

funds

Notes

£

CURRENT ASSETS

Debtors

5

506,995

327,334

834,329

868,551

Cash at bank

6,509

148,692

155,201

141,682

513,504

476,026

989,530

1,010,233

CREDITORS

Amounts falling due within one year

6

(63,952

)

(1

)

(63,953

)

(63,686

)

NET CURRENT ASSETS

449,552

476,025

925,577

946,547

TOTAL ASSETS LESS CURRENT LIABILITIES

449,552

476,025

925,577

946,547

NET ASSETS

449,552

476,025

925,577

946,547

FUNDS

7

Unrestricted funds

449,552

367,812

Restricted funds

476,025

578,735

TOTAL FUNDS

925,577

946,547

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 31 October 2026 and were signed on its behalf by:

K H I Abdalla - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024.

3.	STAFF COSTS

The average monthly number of employees during the year was as follows:

2025

2024

Average number of staff

3

No employees received emoluments in excess of £60,000.

4.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

funds

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

-

166,469

Other income

550

-

550

Total

550

166,469

167,019

EXPENDITURE ON

Raising funds

2,194

-

2,194

Charitable activities

Embassy of Netherlands (Archive lab)

-

55,407

Arts and Culture entrepreneurship

-

(29

)

(29

)

Thoulathy: Cross-Border Collaboration Project

-

5,762

Total

2,194

61,140

63,334

NET INCOME/(EXPENDITURE)

(1,644

)

105,329

103,685

Transfers between funds

1,627

(1,627

)

-

Net movement in funds

(17

)

103,702

103,685

RECONCILIATION OF FUNDS

Total funds brought forward

367,829

475,033

842,862

TOTAL FUNDS CARRIED FORWARD

367,812

578,735

946,547

5.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

834,329

868,551

The other debtors consist of a loan granted to Cimatheque - Alternative Film Centre Company LLC, Egypt, In accordance with the loan agreement between the parties .

The loan has been agreed to be provided for specific approved charitable work only, which falls within the ambit of the grants received by the Foundation and has been given for the following activities;

Development of Cimatheque Alternative Film Centre

Kurrasat Project

The NAAS@CIMATHEQUE Arab Arthouse Cinema Workshop

Revisiting Memory

The loan has been provided interest free and is repayable on demand

6.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

1,980

1,979

Other creditors

59,727

Accrued expenses

2,246

1,980

63,953

63,686

7.	MOVEMENT IN FUNDS

Net

Transfers

movement

between

At

At 1.1.25

in funds

funds

31.12.25

£

Unrestricted funds

General fund

367,812

(1,452

)

83,192

449,552

Restricted funds

Kurrasat Project

77,465

-

(77,465

)

-

Cimatheque Alternative Film Centre

322,884

-

322,884

NAAS at CIMATHEQUE Arab Art House
Cinema Workshop

8,392

-

(8,392

)

-

Embassy of Netherlands (Archive lab)

46,977

(10,727

)

-

36,250

INDEPENDENT RESOURCES INITIATIVE

23,076

-

23,076

The Ecosystem Strengthening Pilot Program
(Cimatheque, Cairotronica & Sakiya)

31,402

26,957

-

58,359

Film Reel- Phase 1

11,884

(15,088

)

3,204

-

The Arab Fund for Arts and Culture

56,116

(20,660

)

-

35,456

Thoulathy: Cross-Border Collaboration Project

539

-

(539

)

-

578,735

(19,518

)

(83,192

)

476,025

TOTAL FUNDS

946,547

(20,970

)

-

925,577

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

Unrestricted funds

General fund

794

(2,246

)

(1,452

)

Restricted funds

Embassy of Netherlands (Archive lab)

93,881

(104,608

)

(10,727

)

The Ecosystem Strengthening Pilot Program
(Cimatheque, Cairotronica & Sakiya)

32,427

(5,470

)

26,957

Film Reel- Phase 1

3,158

(18,246

)

(15,088

)

The Arab Fund for Arts and Culture

28,497

(49,157

)

(20,660

)

157,963

(177,481

)

(19,518

)

TOTAL FUNDS

158,757

(179,727

)

(20,970

)

Comparatives for movement in funds

Net

Transfers

movement

between

At

At 1.1.24

in funds

funds

31.12.24

£

Unrestricted funds

367,829

(1,644

)

1,627

367,812

Restricted funds

Kurrasat Project

77,465

-

77,465

Cimatheque Alternative Film Centre

322,884

-

322,884

NAAS at CIMATHEQUE Arab Art House
Cinema Workshop

2,602

7,417

(1,627

)

8,392

Embassy of Netherlands (Archive lab)

17,089

29,888

-

46,977

INDEPENDENT RESOURCES INITIATIVE

11,706

11,370

-

23,076

The Ecosystem Strengthening Pilot Program
(Cimatheque, Cairotronica & Sakiya)

31,402

-

31,402

Film Reel- Phase 1

11,884

-

11,884

The Arab Fund for Arts and Culture

1

56,115

-

56,116

Thoulathy: Cross-Border Collaboration Project

-

539

-

539

475,033

105,329

(1,627

)

578,735

TOTAL FUNDS

842,862

103,685

-

946,547

Comparative net movement in funds included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

Unrestricted funds

550

(2,194

)

(1,644

)

Restricted funds

NAAS at CIMATHEQUE Arab Art House
Cinema Workshop

7,417

-

7,417

Embassy of Netherlands (Archive lab)

85,295

(55,407

)

29,888

INDEPENDENT RESOURCES INITIATIVE

11,370

-

11,370

The Arab Fund for Arts and Culture

56,086

29

56,115

Thoulathy: Cross-Border Collaboration Project

6,301

(5,762

)

539

166,469

(61,140

)

105,329

TOTAL FUNDS

167,019

(63,334

)

103,685

A current year 12 months and prior year 12 months combined position is as follows:

Net

Transfers

movement

between

At

At 1.1.24

in funds

funds

31.12.25

£

Unrestricted funds

367,829

(3,096

)

84,819

449,552

Restricted funds

Kurrasat Project

77,465

-

(77,465

)

-

Cimatheque Alternative Film Centre

322,884

-

322,884

NAAS at CIMATHEQUE Arab Art House
Cinema Workshop

2,602

7,417

(10,019

)

-

Embassy of Netherlands (Archive lab)

17,089

19,161

-

36,250

INDEPENDENT RESOURCES INITIATIVE

11,706

11,370

-

23,076

The Ecosystem Strengthening Pilot Program
(Cimatheque, Cairotronica & Sakiya)

31,402

26,957

-

58,359

Film Reel- Phase 1

11,884

(15,088

)

3,204

-

The Arab Fund for Arts and Culture

1

35,455

-

35,456

Thoulathy: Cross-Border Collaboration Project

-

539

(539

)

-

475,033

85,811

(84,819

)

476,025

TOTAL FUNDS

842,862

82,715

-

925,577

Net movement in funds included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

Unrestricted funds

1,344

(4,440

)

(3,096

)

Restricted funds

NAAS at CIMATHEQUE Arab Art House
Cinema Workshop

7,417

-

7,417

Embassy of Netherlands (Archive lab)

179,176

(160,015

)

19,161

INDEPENDENT RESOURCES INITIATIVE

11,370

-

11,370

The Ecosystem Strengthening Pilot Program
(Cimatheque, Cairotronica & Sakiya)

32,427

(5,470

)

26,957

Film Reel- Phase 1

3,158

(18,246

)

(15,088

)

The Arab Fund for Arts and Culture

84,583

(49,128

)

35,455

Thoulathy: Cross-Border Collaboration Project

6,301

(5,762

)

539

324,432

(238,621

)

85,811

TOTAL FUNDS

325,776

(243,061

)

82,715

The Reserves held are towards the ongoing projects of the Charity, which are to be completed after the period end.

8.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2025.