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 2021

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

8,950

3,550

CURRENT ASSETS

Debtors

5

668

840

Cash at bank and in hand

30,275

17,309

30,943

18,149

CREDITORS

Amounts falling due within one year

6

1,940

594

NET CURRENT ASSETS

29,003

17,555

TOTAL ASSETS LESS CURRENT LIABILITIES

37,953

21,105

CREDITORS

Amounts falling due after more than one year

7

10,600

-

NET ASSETS

27,353

21,105

RESERVES

Income and expenditure account

8

27,353

21,105

27,353

21,105

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 15 December 2021 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 (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Computer

Equipment

equipment

Totals

£

£

£

COST

At 1 April 2020

11,134

2,409

13,543

Additions

5,714

699

6,413

At 31 March 2021

16,848

3,108

19,956

DEPRECIATION

At 1 April 2020

9,145

848

9,993

Charge for year

727

286

1,013

At 31 March 2021

9,872

1,134

11,006

NET BOOK VALUE

At 31 March 2021

6,976

1,974

8,950

At 31 March 2020

1,989

1,561

3,550

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Other debtors

120

-

Prepayments

548

840

668

840

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Bank loans and overdrafts

1,400

-

Accrued expenses

540

594

1,940

594

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.21

31.3.20

£

£

Bounce-Back Loan

2,400

-

Bounce-Back Loan

7,200

-

Bounce-Back Loan

1,000

-

10,600

-

Amounts falling due in more than five years:

Repayable by instalments

Bounce-Back Loan

1,000

-

8.

RESERVES

The Accumulated Funds as at 31st March 2021 totalled £27,353 and is represented by:

Restricted Funds - £17,620 and

Unrestricted Funds - £ 9,733.

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 2021 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: .............................................