Kent Film Foundation Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07274484 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2022

for

Kent Film Foundation Limited

Registered Charity No 1138581

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

6

DIRECTORS:

Ms J Dunn

N Shepherd

E Gregory

F Wallace

SECRETARY:

REGISTERED OFFICE:

22 Grange Road

Ramsgate

Kent

CT11 9LR

REGISTERED NUMBER:

07274484 (England and Wales)

ACCOUNTANTS:

Adlam Accountancy Services

22 Grange Road

Ramsgate

Kent

CT11 9LR

FIXED ASSETS

Tangible assets

4

7,887

8,950

CURRENT ASSETS

Debtors

5

375

668

Cash at bank and in hand

27,777

30,275

28,152

30,943

CREDITORS

Amounts falling due within one year

6

2,000

1,940

NET CURRENT ASSETS

26,152

29,003

TOTAL ASSETS LESS CURRENT LIABILITIES

34,039

37,953

CREDITORS

Amounts falling due after more than one year

7

10,240

10,600

NET ASSETS

23,799

27,353

RESERVES

Income and expenditure account

8

23,799

27,353

23,799

27,353

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which 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 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 company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 December 2022 and were signed on its behalf by:

E Gregory - Director

1.	STATUTORY INFORMATION

Kent Film Foundation Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Computer

Equipment

equipment

Totals

£

£

£

COST

At 1 April 2021

16,848

3,108

19,956

Additions

-

329

329

At 31 March 2022

16,848

3,437

20,285

DEPRECIATION

At 1 April 2021

9,872

1,134

11,006

Charge for year

1,046

346

1,392

At 31 March 2022

10,918

1,480

12,398

NET BOOK VALUE

At 31 March 2022

5,930

1,957

7,887

At 31 March 2021

6,976

1,974

8,950

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Other debtors

-

120

Prepayments

375

548

375

668

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans and overdrafts

1,400

1,400

Accrued expenses

600

540

2,000

1,940

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Bounce-Back Loan

2,400

2,400

Bounce-Back Loan

7,200

7,200

Bounce-Back Loan

640

1,000

10,240

10,600

Amounts falling due in more than five years:

Repayable by instalments

Bounce-Back Loan

640

1,000

8.

RESERVES

The Accumulated Funds as at 31st March 2022 totalled £23,799 being:

Restricted Funds £18,570

Unrestricted Funds - £ 5,229

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2022 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Adlam Accountancy Services

22 Grange Road

Ramsgate

Kent

CT11 9LR

Date: .............................................