Gasli ht Media Trust ort of the Trustees for the Year Ended 31 March 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present iheir report with the financial statements of the charity for the year ended 31 March 2024. 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 l January 2019). INCORPORATION The charitable company was incorporated on 20 March 2007 and commenced trading on the same date. ORJECTIVES AND ACTIVITIES Objectives and aims The C.nmpany's principal activities are concerned with the advancement of education of the public by (d) Ilie Lu-uidiiialivii diiJ develvyiiieiil vf Ili¢ use or riliii ld •aily oiliel fuiiii of dudiu-ViSUdl communication for the purpose of education and research and in particular to promote: (i) the production and broadcast of films and doCumenLleS that advance the knowledge and understanding different cultures, traditions, beliefs and polilical, social and economic developments within ihe island of Ireland. (li) the collection and dissemination of educational material; (b) helping or co-operating with other educational institutions, centres, agencies or bodies. Page 2
Gasli ht Media Trust ort of the Trustees for the Year Ended 31 March 2024 ACHIEVEMENT AND PERFORMANCE As reported last year, after the death of our project manager in November 2022, Jim Keys initially stepped in on a voluntary basis to pick up the pieces of the current project- 'Epilogues: The Human Face of Conflicl,. Thereafter, in consultation with our funders, he took on the management of the project from Apri12023 with a new completion date of 3 1st March 2024. 'Epilogues'. The Human Face of Conflicv comprises twelve epilogues deliveries in residential settings. a follow up workshop and thereafter gatherings of graduates from each of the previous four deliveries. With five of the twelve deliveries to coniplete. delivery eight took place in June 2023. However the pr¢p work involved in setting up delivery nine was lost when the host organisation cancelled at the last minute. proved extremely difficult to find and prep a new 0UP and secure new hotel dales that suited. This meant that delivery nine only took place in November 2023. Given this combination of the difficulties listed below. appareni by November 2023: ideiilifyiiig aiid PlLppiiig addilioi)al 'OupS iii arcas that both expwidcd Ihe geographical spread of the project, and yet ful filled the funding criteria of a balanced PULICNR group makeup in the current climate, and hotel availability that suited the group Jim flagged up thc nccd for a further cxtcnsion with the funders - The Joseph Rowntree Charitable (JRCT) and the Irish Government's Department of Foreign Affairs- Reconciliation Fund - and secured an additional £6,000. This was agreed and the project was exlended to August 2024. Delivery ten took place in this funding period on a weekly basis from January through to March 2024. Sub5equently> delivery eleven took place in April 2024 and delivery twelve in May 2024. Finally, a gathering of participants from all twelve deliveries took place in June 2024 and the project completed in August 2024. At the date of writing this report no projects are ongoin& however, should any opportunities arise in the future the Charity wil I take these on if relevant funding is available. Page 3
Gasli ht Media Trust ort of the Trustees for the Year Ended 31 March 2024 FINANCIAL REVIEW The Statement of Financial Activilies, on page 15 indicates that G&8light Media Trust had incoming resources of £35,974 in the year. This relates to deferred income released in respect of the two inain funders The Joseph Rowntree Charitable Trust (JRCT) and the Irish Government's Department of Foreign Affairs Reconciliation Fund (DFA). The JRCT funding consisted of £189,220 to be paid quarterly over three years from January 2020 to supply twelve epilogues PrOamme51de]Iverles. At date of writing this report all of Ihese pi'()gi'kLifiiTies Ii&ive beeii delivci ¢d by Augusi 2024. Tlie DFA fuiidiiig of £23640 (E28805) was received in August 2022 which was in addition to funding of £18092 (E22000) received in January 2020 to help wilh the delivery of these programmes. All of this funding has now been spent. There is now a total of £34.331.67 of Deferred Income left on the Balance Sheel and this will be released to cover the expenditure needed to complele the deSiveries up to August 2024. The total expenditure for the year was £58,052. There was an overall deficit for the year of £22,078 arising from progrdmmes SLheduled in 2023 bul Jiui (Jelivered uiilil 2024 ie fuiidiiig ieLeived iij 2023. Tl)is all related to Rcstricted funds and was takcn off thc rcstricted rcscrvcs bolancc brought forward at 31 March 2023 of £43,230 - leaving a balance in restricted reserves of 21.152 at 31 March 2024. Risk Management The Managemeni Committee have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied ihat Systems are in place lo mitigate the exposure to the major risks. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by its governing document, a deed of trust. and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Reeruitment and appointment of new trustees There are currently 4 members on the Managemeni Committee and there have been no new appointlentS or resignations over the year. Orginisation Day to day running of the cornpany is being managed by Jim Keys who was appointed Project Manager in April 2023. Operational management of the project is delegated to an Operational Sub-committee which is accountable to the Board of Direclors. The sub committee comprises of the project manager and a company director. It meels mostly in person or on Zoom to monitor prOsS and stralegise next steps regularly. Induction and training of neiv Irustees New members undergo an orientation day to brief them on: their legal obligations under charity and company law, the charity ¢ommission guidance on public benefit, and inform them of the content of the Memoranduin and Articles of Association, the committee and decision-making processes, the business plan and recent financial performance of the charlty. During the induction day they meet key employees and other members. Members are encouraged to attend appropriate external training ¢v¢nts where these will facilitale the undertaking of the role. Related parties None of the members receive remuneralion or other benefit from their work with the charity. Any connection between a member or senior manager of the charity Wlth a contracted supplier must be disclosed to the fLIII Management Committee in the same way &$ any other contractual relationship with a related party. In the current year no such related party transactions were reported Page 4
Gasli ht Media Trust Re rt of the Trustees for the Year Ended 31 March 2024 STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the directors of Gaslight Media Trusi for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom A¢¢ounling Standards (United Kiiigdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and appl ication of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to select suitable accounting policies and then apply them consistently: observe the rnethods and principles in the Charity SORP. tnake judgements and esiimaies that are reonable and prudent. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charitable company and to enable ihem to ensure that the financial slalement5 comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for ihe prevention and detection of fraud and other irregularilies. In so far as the Trustees are aware.. there is no relevant information of which the ¢haritabl¢ company's independent examiner is unaware. and - the Managemenl Committee have taken all steps that they ought to have taken to make themselves aware of any relevant infonnation and to establish that the independent examiner is aware of that information. Approved by order of the board of trustees on ..?.C! kn0ow1..,.1¥and signed on its behalf by: Ronan Moyne - rus Page 5