REGISTERED COMPANY NUMBER: NI063947 (Northern Ireland) REGISTERED CHARITY NUMBER: 100898
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2025
for
Gaslight Media Trust (A Company Limited by Guarantee)
Gaslight Media Trust
Contents of the Financial Statements for the Year Ended 31 March 2025
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|Page|
|Reference|and|Administrative|Details|1|
|Report|of the|Trustees|2|to|4|
|Independent|Examiner's|Report|5|
|Statement|of Financial|Activities|6|
|Balance|Sheet|7|to|8|
|Notes|to|the|Financial|Statements|9|to|13|
|Detailed|Statement|of Financial|Activities|14|
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Gaslight Media Trust
Reference and Administrative Details for the Year Ended 31 March 2025
TRUSTEES Rose Kelly Diane Elizabeth Greer Betty Doherty Ronan Moyne
COMPANY SECRETARY Betty Doherty REGISTERED OFFICE 1 Westend Park Derry Co. Derry BT48 9JF REGISTERED COMPANY NI063947 (Northern Ireland) NUMBER
REGISTERED CHARITY 100898 NUMBER
INDEPENDENT EXAMINER — EF McCambridge & Co. Ltd 6 Bayview Terrace Derry BT48 7EE
Page 1
Gaslight Media Trust
Report of the Trustees for the Year Ended 31 March 2025
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 March 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).]
INCORPORATION
The charitable company was incorporated on 20 March 2007 and commenced trading on the same date.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Company's principal activities are concerned with the advancement of education of the public by :
(a) the co-ordination and development ofthe use of film and any other form of audio-visual communication for the purpose of education and research and in particular to promote:
(i) the production and broadcast of films and documentaries that advance the knowledge and understanding of different cultures, traditions, beliefs and political, social and economic developments within the island of Ireland;
(ii) the collection and dissemination of educational material;
(b) helping or co-operating with other educational institutions, centres, agencies or bodies.
ACHIEVEMENTS AND PERFORMANCE
As reported last year GMT concluded its, "Epilogues: The Human Face of Conflict" project in August 2024. That project was jointly funded by The Joseph Rowntree Charitable (JRCT) and the Irish Government's Department of Foreign Affairs - Reconciliation Fund.
The company chose not to apply for any further funding from September 2024 to reflect on its body of work to date and future strategic direction in light of the current challenges to peace-building in Northern Ireland.
It has maintained its offices at 1 West End Park, BT48 9JF. During this period, it received fees for the delivery of two epilogues programmes it has committed to in advance.
GMT's board anticipates launching a new phase of its work in early 2026.
At the date of writing this report no projects are ongoing, however, should any opportunities arise in the future the Charity will take these on if relevant funding is available.
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Gaslight Media Trust
Report of the Trustees for the Year Ended 31 March 2025
FINANCIAL REVIEW
The Statement of Financial Activities, on page 14 indicates that Gaslight Media Trust had incoming resources of £37,681 in the year. £34,331 of this relates to deferred income released in respect of the main funder - The Joseph Rowntree Charitable Trust (JRCT). The JRCT funding consisted of £189,220 to be paid quarterly over three years from January 2020 to supply twelve epilogues programmes/deliveries. At date of writing this report all of these programmes have been delivered and all of this funding has now been spent.
There was also £3,350 of other income - unrestricted - re programmes delivered to Antrim & Newtownabbey Borough Council & Neighbourhood Management Team - The Better Together Project.
There is nowa total of nil Deferred Income left on the Balance Sheet at 31 March 2025.
The total expenditure for the year was £46,127. There was an overall deficit for the year of £8,446 - arising from programmes scheduled in 2024 but not delivered until 2025 re funding received in prior years. £21,152 of this loss related to Restricted Funds and was taken off the restricted reserves balance brought forward at 31 March 2024 of £21,152 - leaving a balance in restricted reserves of nil at 31 March 2025.
Risk Management
The Management 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 that systems are in place to mitigate the exposure to the major risks.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing 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.
Recruitment and appointment of new trustees
There are currently 4 members on the Management Committee and there have been no new appointments or resignations over the year.
Organisation
Day to day running of the company is carried out by its Project Manager Jim Keys. Operational management of the project is delegated to an Operational Sub-committee which is accountable to the Board of Directors. The Operational Sub-committee comprises the Project Manager, and a Company Director. It meets regularly in person or on Zoom to monitor progress and strategise next steps.
The company chose not to apply for any funding from September 2024 but rather to reflect on its body of work to date and future strategic direction in light of the current challenges to peace-building in Northern Ireland. In the meantime it has maintained its offices at 1 West End Park, only delivering programmes it had already committed to. GMT's board anticipates launching a new phase of its work in early 2026.
Induction and training of new trustees
New members undergo an orientation day to brief them on: their legal obligations under charity and company law, the charity commission guidance on public benefit, and inform them of the content of the Memorandum and Articles of Association, the committee and decision-making processes, the business plan and recent financial performance of the charity. During the induction day they meet key employees and other members. Members are encouraged to attend appropriate external training events where these will facilitate the undertaking of the role.
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Gaslight Media Trust
Report of the Trustees for the Year Ended 31 March 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Related parties
None of the members receive remuneration or other benefit from their work with the charity. Any connection between a member or senior manager of the charity with a contracted supplier must be disclosed to the full Management Committee in the same way as any other contractual relationship with a related party. In the current year no such related party transactions were reported
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Gaslight Media Trust for the purposes of company law) are responsible for preparing the Report of the Trustces and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom 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 application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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- make judgements and estimates that are reasonable 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 trustecs are responsible for kecping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements 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 the prevention and detection of fraud and other irregularities.
In so far as the Trustees are aware:
- there is no relevant information of which the charitable company's independent examiner is unaware; and - the Management Committee have taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish that the independent examiner is aware of that information.
Approved by order of the board of trustees on IED. AOS... and signed on its behalf by: A
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—
~ - one
Ronan Moyne - Trustee
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Independent Examiner's Report to the Trustees of Gaslight Media Trust
I report on the accounts of the company for the year ended 31 March 2025, which are set out on pages six to thirteen.
Respective responsibilities of charity trustees and examiner
As the charity's trustees (and also the 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.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
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examine the accounts under Section 65 of the Charities Act
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- follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act
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state whether particular matters have come to my attention.
Basis of the independent examiner's report
I have examined your charity accounts as required under Section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.
My role is to state whether any material matters have come to my attention giving me cause to believe:
- That accounting records were not kept in accordance with Section 386 of the Companies Act 2006 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirements of Section 396 of the Companies Act 2006 and with the methods and principles of the 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]
4, That there is further information needed for a proper understanding of the accounts to be reached.
Independent examiner's statement I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.
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17 December 2025
Page 5
Gaslight Media Trust
Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31 March 2025
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|---|---|---|---|---|---|---|---|
|31.3.25|31.3.24|
|Unrestricted|Restricted|Total|Total|
|fund|fund|funds|funds|
|Notes|£|£|£|£|
|INCOME|FROM|
|Grants|9,356|24,975|34,331|35,974|
|Other trading|activities|2|3,350|-|3,350|-|
|Total|12,706|24,975|37,681|35,974|
|EXPENDITURE|ON|
|Other|-|46,127|46,127|58,052|
|NET INCOME/(EXPENDITURE)|12,706|(21,152)|(8,446)|(22,078)|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|(9,728)|21,152|11,424|33,502|
|TOTAL FUNDS|CARRIED FORWARD|2,978|-|2,978|11,424|
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The notes form part of these financial statements
Pave 4
Gaslight Media Trust
Balance Sheet 31 March 2025
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|31.3.25|31.3.24|
|Unrestricted|Restricted|Total|Total|
|fund|fund|funds|funds|
|Notes|£|£|£|£|
|FIXED|ASSETS|
|Tangible|assets|5|-|1,727|1,727|2,159|
|CURRENT|ASSETS|
|Debtors|6|3,350|-|3,350|6,000|
|Cash|at|bank|11,629|1,223|12,852|56,617|
|14,979|1,223|16,202|62,617|
|CREDITORS|
|Amounts|falling|due|within|one|year|7|(12,001)|(2,950)|(14,951)|(19,020)|
|NET CURRENT|ASSETS|2,978|(1,727)|1,251|43,597|
|TOTAL|ASSETS|LESS|CURRENT|
|LIABILITIES|2,978|-|2,978|45,756|
|ACCRUALS|AND|DEFERRED|
|INCOME|9|-|-|.|(34,332)|
|NET ASSETS|2,978|-|2,978|11,424|
|FUNDS|10|
|Unrestricted|funds|2,978|(9,728)|
|Restricted|funds|-|21,152|
|TOTAL FUNDS|2,978|11,424|
|The|charitable|company|is|entitled|to|exemption|from|audit|under|Section|477|of the|Companies|Act|2006|
|for the|year|ended|31|March|2025.|
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The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) _ ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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.
The notes form part of these financial statements
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continued...
Gaslight Media Trust
Balance Sheet - continued 31 March 2025
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the smal] companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on PPS IDO Ge APLSand were signed on its behalf by:
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fe ,
Betty Dohety - Trustee
Ronan Moyne - Trustee
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The noles form part of these financial statements
Page 8
Gaslight Media Trust
Notes to the Financial Statements for the Year Ended 31 March 2025
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.
Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment
- 20% on reducing balance
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.
Grants of a revenue nature are credited to income in the period to which they relate. If received in advance of delivering the goods and services required by the Funder, or is subject to other conditions wholly outside the control of the recipient, Charity income should not be recognised and should be accounted for as a liability and shown on the balance sheet as deferred income.
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Gaslight Media Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
2: OTHER TRADING ACTIVITIES
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|---|---|---|---|---|---|
|31.3.25|31.3.24|
|Unrestricted|Restricted|Total|Total|
|funds|funds|funds|funds|
|£|£|£|£|
|Other|Income|3,350|-|3,350|-|
|NET|INCOME/(EXPENDITURE)|
|Net|income/(expenditure)|is|stated|after|charging/(crediting):|
|31.3.25|31.3.24|
|£|£|
|Depreciation|- owned|assets|432|540|
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- NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
- TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees’ expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
5; TANGIBLE FIXED ASSETS
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|---|---|---|---|---|---|---|---|
|Computer|
|equipment|
|£|
|COST|
|At|1|April 2024|and|31|March|2025|2,699|
|DEPRECIATION|
|At|1|April|2024|540|
|Charge|for year|432|
|At|31|March|2025|972|
|NET|BOOK VALUE|
|At|31|March|2025|1,727|
|At|31|March|2024|2,159|
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Gaslight Media Trust
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|---|---|---|---|---|---|---|---|
|Notes|to|the|Financial|Statements|-|continued|
|for|the|Year|Ended|31|March|2025|
|6.|DEBTORS:|AMOUNTS|FALLING|DUE|WITHIN|ONE|YEAR|
|31.3.25|31.3.24|
|£|£|
|Trade|debtors|3,350|6,000|
|7.|CREDITORS:|AMOUNTS|FALLING|DUE|WITHIN|ONE YEAR|
|31.3.25|31.3.24|
|£|£|
|Other|loans|(see|note|8)|12,000|12,000|
|Trade|creditors|1,091|5,340|
|Accrued|expenses|1,860|1,680|
|14,951|19,020|
|8.|LOANS|
|An|analysis|of the|maturity|of loans|is|given|below:|
|31.3.25|31.3.24|
|£|£|
|Amounts|falling|due|within|one|year on|demand:|
|Other|loans|12,000|12,000|
|9.|ACCRUALS|AND|DEFERRED|INCOME|
|31.3.25|31.3.24|
|£|£|
|Accruals|and|deferred|income|-|34,332|
|10.|MOVEMENT|IN|FUNDS|
|Net|
|movement|At|
|At|1.4.24|in|funds|31.3.25|
|£|£|£|
|Unrestricted|funds|
|General|fund|(9,728)|12,706|2,978|
|Restricted|funds|
|Restricted|Fund|21,152|(21,152)|-|
|TOTAL FUNDS|11,424|(8,446)|2,978|
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Gaslight Media Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
10. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
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|---|---|---|---|---|---|---|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|__in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|12,706|-|12,706|
|Restricted|funds|
|Restricted|Fund|24,975|(46,127)|(21,152)|
|TOTAL|FUNDS|37,681|(46,127)|(8,446)|
|Comparatives|for|movement|in|funds|
|Net|
|movement|At|
|At|1.4.23|in|funds|31.3.24|
|£|£|£|
|Unrestricted|funds|
|General|fund|(9,728)|-|(9,728)|
|Restricted|funds|
|Restricted|Fund|43,230|(22,078)|21,152|
|TOTAL FUNDS|33,502|(22,078)|11,424|
|Comparative|net|movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|__in|funds|
|£|£|£|
|Restricted|funds|
|Restricted|Fund|35,974|(58,052)|(22,078)|
|TOTAL FUNDS|35,974|(58,052)|(22,078)|
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Gaslight Media Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
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||||||
|---|---|---|---|---|
|Net|
|movement|At|
|At|1.4.23|in|funds|31.3.25|
|£|£|£|
|Unrestricted|funds|
|General|fund|(9,728)|12,706|2,978|
|Restricted|funds|
|Restricted|Fund|43,230|(43,230)|.|
|TOTAL FUNDS|33,502|(30,524)|2,978|
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A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
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||||||
|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|__in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|12,706|-|12,706|
|Restricted|funds|
|Restricted|Fund|60,949|(104,179)|(43,230)|
|TOTAL FUNDS|73,655|(104,179)|(30,524)|
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- RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
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Gaslight Media Trust
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|---|---|---|---|---|---|---|---|---|
|Detailed|Statement|of Financial|Activities|
|for|the|Year|Ended|31|March|2025|
|31.3.25|31.3.24|
|Unrestricted|Restricted|Total|Total|
|funds|funds|funds|funds|
|£|£|£|£|
|INCOME|
|Grants|
|The|Joseph|Rowntree|Charitable|Trust|9,356|24,975|34,331|29,333|
|Department|of Foreign|Affairs:|
|Reconciliation|Fund|-|-|-|6,641|
|9,356|24,975|34,331|35,974|
|Other|trading|activities|
|Other|Income|3,350|-|3,350|-|
|Total|incoming|resources|12,706|24,975|37,681|35,974|
|EXPENDITURE|
|Other|
|Insurance|-|558|558|-|
|Light|and|heat|-|328|328|335|
|Telephone|-|544|544|953|
|Computer|and|marketing|costs|-|1,360|1,360|2,437|
|Accountancy|fees|-|1,870|1,870|1,596|
|Project|costs|-|38,577|38,577|46,061|
|Office|expenses|-|58|58|3,730|
|Rent|-|2,400|2,400|2,400|
|Computer equipment|-|432|432|540|
|-|46,127|46,127|58,052|
|Total|resources|expended|-|46,127|46,127|58,052|
|Net (expenditure)/income|12,706|(21,152)|(8,446)|(22,078)|
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This page does not form part of the statutory financial statements
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