COMPANY REGISTRATION NUMBER: N1033497
CHARITY REGISTRATION NUMBER: XR28542
Cinemagic Limited
Company Limited by Guarantee
Financial Statements
31 March 2023
FEB CHARTERED ACCOUNTANTS
Chartered accounlants & statutory al￿ltor
Linenhall Exchango
1s1 Floor,
26 Linenhall Street
Belfast
Northern Ireland
BT2 8BG

Cinemagic Limited
Company Limited by Guaranteè
Financial Statements
Year ended 31 March 2023
Page
Trustees, annual report (incorporaling the directorfs report)
Independent auditorfs report to the members
Statement of financial activities (including income and
expenditure account)
Statement of financial position
10
14
15
Notes to Ihe financial statements
16

Cinemagic Limited
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Dlrectorfs Report)
Year ended 31 March 2023
The truslees, who ere also the directors for the purwses of company law. wesenl their report and the
liDanclal slatemenls of the charity Ihe year erkded 31 Mirch 2023.
Reference and administratlve details
Rogb51ered charity name
Cinemagic Limiled
Charlty r•glstratlon numbèr
XR28542
Cornpany registrallon number N1033497
49 8otanlc Avenue
Belfast
BT2 8BG
Prlncipal office
Regi51ered office
clo FE8 Chartere(l Accounlan
Linerthall Exchange
26 L￿entroll Streel
Belfasl
BT2 8BG
The Trustees
s M Haffiekl
Mr A O'Neill
Ms K Smith
M5 G Mulqueen
Mr M Lennox
Mr P SrK>dden
Audllor
FEB Charlered knounlanls
Chartered acccAJrilants & statutory aLMJilor
Llnenhall Exchange
1st Fknr,
26 Linerthall Slr88t
Belfast
Northem Ireland
BT2 8BG
Bank•r$
Bank of Ireland
4-8 High Street
Belfast
BT12BA

Cinemagic Limited
Company Limited by Guaranteè
Trustees. Annual Report {Incorporating the Directorfs Report) {coTrtlnu•dJ
Year ended 31 March 2023
Structure, governance 4nd management
Clnemagic Limited Is con8111uled as a conNKny Ilmlled by warantee is governed by
Memorandum and Arllcles of Assoclation.
The Board of Trustee5 are responSTble lor the stralegic managernent of the charity. The Board of
Trustees and natn8s of princlpal advisers are sel out on page 1.
The Board appoirnts all new truslees based on selection criteria. which ensures that collecllvely
maintains a broad rangp of relevant skills and gxperieTr¢e. An In￿Cli0n programme is offered to all
new Iruslees lo ensure th3t they are briefed on the charitvs objacts, strate9y and activities.
The trustees have the overall responsibilliy for the system of inlemal control for the chafity. which
includes ensurlng thal there afe reasonable procedures in place lor the prevenllon and detection ol
Iraud and oiher irregularilies. However. suth a system provide orly rea80n8ble, but nol absolute.
assurance against errors and frwd.
Significanl risks are hlghlighted for considerdlron and moniiored by the B0￿d. These Include:
- the risk of cuts in funding beYOr￿ 2022-2023 funding wements: and
- the fisk of lailing to build sufficient ¢ash reser+RS:
I major risk5 lo whlch Ihe ch￿ty is exposed, which have been idenlified by these prwedur85, have
bÈ6n reviewed. Systèms havè been implemented to miligale Ihese risks and arè conlinually
developed or enhanced. Risk assessmenl is Garried out on an annual basis, Fir￿nCIal systems for
setting. controlling and morbitoring budgots have been implemented and are continually rrK)nitor8d.

Cinemagic Limited
Company Limlted by Guarantee
Trustees. Annual Report Ilncorporating the Directorfs Report) (¢ontlnu9dJ
Year ended 31 MarGh 2023
ObJecllve$ and activilies
Clnemagic is managed by a Chief Executive who rep￿S to a Board of Dlrectofs and as a charily.
Clnerna9ic's fundraising mod61 includes e comb&r￿li0n ol publlc funding. prfvate sponsorship, and
self-generaled income ffom avenl I￿kÈl s*8. Esiablished in Belfast In 1989, durln9 the 'Troubles',
Cinemagic's aim was to bring together young Catholic and Proleslant children in a safe environmenl.
where they coul4J meel each other, learn about their ￿SpectIve cullures. tradllions and develop new
skills and corifidence. Cinemagic believes thai film and lelevision provide more inclusive and
accessible ways lo promole learniw, molivat￿. skHts clevelopment and stimulaling cross-community
engagemenl amon9 young people.
Discussion arKI Interaction belweèft young people from differonl backgrourtrds encouvdgos and
promoles respect facllilates shared eduGalion and learnffig and social inlegralioTr in 3 positive way
bélwe8n communitiès, Cinemagic has worked on nurnerous cornmunily filmmaking projecls over Ihe
lasl 33 years, wilh hundreds of schools on cross communily peace and recon(iliation projects and Ihè
produclion of N￿th•rTh Ireland's and Irelarrfs fitsl Christmas foaluré film 'A Chrislmas Stal and in
2017, Cwiemagic's sècond loalufe f￿rn Grace and Golialh. The organisalion is C￿ren11Y dèvÈloping
pl8n8 lo produce ou( 3rd fealuré fllm in 2024 which wlll Inv￿Va tho s8mè rnodel, training young in th8
Fllm industry and provtding 8kills opportunities ar¥J praciicAI exp8fience w￿rkIng on a film sel.
Cinemagic has developed a Wofklwide reputal#)n for eXcel￿nce ln children'5 programmlng and In
creative and InT￿vatIve approaches to strerbgthening and building skills for the future In creative
Industries. It is (xjrrently Ihe largest film evenl for young people in Ireland and the UK, now allracting
over 40,000 people annualty. To date Cinemaglc is foGU5ed on the cultural, Social and educational
benefits Ihat film can bring to laGkling poverty and social exclusion and has fcru5ed these values on
all of115 activilie5.
Cinemagic delIv￿S creativ8 programmes which address social èxdu5ion and a5SOCi8led problams of,
bullying. drug5. other addictions, sectarianism - i.e.. hard httting issues that young pe¢Jple are dealing
with daily, particularly in areas of social and economic disadvanlage. The organisation works with
hundreds of schools and community groups al grass roots level Ihroughotjt Northern Ireland, Ireland,
and the USA. Building on this work the oFganisaknon delivers cross comrnunity projects wthich engage
with slmllar projects on an htercontinental bas￿ lo bring young Feople from across Ireland, and from
various background5 and abilities. tLwJether with international peers to learn and shace ideas.
Cinernagl¢ aims to develop the skills capabilities of the next generalion of young people,
partlcularly Ihose from disadvanlaged areas and ba&grourKls. by exposkng them lo international
expertise to help develop skills tF* lulure,
Alongsid8 Ihis Ihe organisalitin sèeks lo build powerful Inlèmalional polilical aAd corpDral@ nelworks
Ihat can be leveraged lo help to grow the creative Industries locally. nationally, and inlernalionally and
8cale up as outslanding creative and innovative approxhe5 to lackle pcverty and social exclusion.
Oui 8thos is underpinned by Ihe belief that exper￿nCIng film and encouraging ftlmrhaking helps young
people become critical thinkers, allows IhÈn to examine the world around them and dlscovèr cultures
beyond Ihelr own. Clnemagic pr￿jramMe5 are deslgngd to insplre, motivale, and edLKalÈ young
ople, ci)rthbutlng to their Gultural, Greative and pef50nal dovelopment, Cln8rnagic hos15 annual fllm
festivals and programme5 in BelfasL t￿blIn, LorKlon, Bost(￿. and Lcvs Angeles.
Over Ihe last number ol years Cinemagic has L￿en proud to welcome guesls such as Brian Cox.
Danny Boyle, Sir Alan Parker, Colin Hanks. Mark Kprrnode, Suranne Jones. Helen Mirren, Ralph
Fiennes, Lindy Hemrning, Slephen Warber*. The Henson Company, Roy Disney, Hamish Hamillon,
Dermot O'Leary. Saoirse Ronan, Liam Neeson and rnany more Industry professionals to Ihe festival
where they have given their time to share knowledge and skills with young people.

Cinemagic Limited
Company Limited by Guarantee
Trustees. Annual Report {Incorporating the Director's Report) (coTh¢lnu•dJ
Year ended 31 March 2023
ClnernagK is Ihe only film feslival ol Its kwid for wung people In Northem Ireland arid Ireland It is
designed for and by ycwr¥J people. The organis81ion continues to be endorsed by government In Ihe
North and Soulh of Ireland for ils excellent worl( in chlldren% film education and its social outreach
achievements. In 2019, Cinemaglc won Best Creative 8usiness at Ihe 2019 Belfast Buslrbes5 Award5.
STRATEGIC OBJECTIVES
Objective l - To be recognized as the leading children's festival in Ihe worl
-Increase Cinemaglc's awareness. pgrtLMpation, and a￿lence Ilgures.
-To provide a feslwal progratnme of cultural. classic, and film screenings, educational workshops,
film di5cussion5, rrkastercla55es, and workshops.
-To produce a Tich and diverse festival ffilm programme offering thoice, accessibility foi all and an
ncrease in audien￿ p8rtlUP8tit)n.
-To monilor and evaluate the fe5tlval with target audience and parerbts. teach￿& etc.
-To kjrm an Internalional link wilh othei childrerb's film festivalsTiuries and dislributors.
-To expand tha cInemag￿ film jwy pr(xJrwnme and CinemagiG Young Film Maker as a signlficant
natlonal comp8titM)n.
-To furiher expand the Cinemagic outreach and education programme throughoul Nl.
-To grow internatlonal showcase5. film making and trainiry projec15 in USA and Middle Easl,
expanding and developing new aL￿lenCeS and profile of Ihe charity inteinationally.
Obje¢tlve 2 - To glve all young people fmm different background$ ?n opporfynity lo learn and
achieve new skills and gain new experlences.
-To provlde opporiunilies for children io view and discuss a wid8r rang8 of moving Imagé materlal such
as world cinema and independenvculiural cinema.
.Consull educalors lo inform programming.
-To aDnually have several Cqnema9lc Consultanls jLry who inwl into the feslival in programming
and delivery.
-To extend Ihe primary an(J secondary s¢hocA liim edLKation ev$nl& wlthln the fesiival includlng
targeting areas of social need.
-ProvSde maslerclasses for young people in filnimakng. and to encourage yovng people lo participale
in Cinemagic film making projects and consider careers in Ihe crealive industries.
-To encourage and support famity and community particip?liorb in screenings and events.
-To provide creative opportunilies for sectK)ns of $￿Iety w*K) struggle io attend events due lo linancial
and geographical IlmStalions.
Objè¢tlve 3 - To develop new and Innovaffve and onllne opportunllJé$ Ihat educ•te. Inspire and
motlvate youn9 peoplè throughotst Northem Irelaftd.
-To provide crealrve opportunities for ALL yourwJ pe￿e. with speGial emFtha5is on those sections of
Society who struggle lo attend event5 due to f￿ancial arKJ geographical limitations.
-To increase Ihe Cinemagic outreach and education progr3mrn8 throughout NDrthem Ireland.
-To devetop ar￿ m8intain an annual Young Film Makers Competition as part of Ihe festival Éach year
Ihat screèns young people's V￿rk and recognlses young talent.

Cinemagic Lirnited
CoTnpany Limlted by Guarantee
Trustees. Annual Report Ilncorporatlng the Directorfs Report) (contlnu•dJ
Year ended 31 MarGh 2023
Objective 4 - To be a financially secure and suslainable organlsation wilh a prolesslonal.
competent, and molivaled workforee.
-To secuie funding Irom both Publ￿ arKI prlvate s￿l0r.
-ro annually increase box oifi¢e.
Clnemagic will be fo¢u6ing on developing more partnerships wllh the business communllies and
privale seGlor.
HOW OUR ACTIVITIES DELIVER PUBLIC BENEFIT
Clnemagic delivers educalional and outreach events throughout the year and with I1￿uSandS ol young
people from very marginalised areas. Cinemagic is a vehicle vthich can bring young people tO9ether
iriespeclive of thelr race. colour or economic baCk9foL￿d lo engage in intercullural dialogue and
breakdown barriers in a posblive and educational Cfeative environment.
c1nemag￿ projects nol only develops young people's Conf￿9￿c8. skills, perspeclives but help5 how
Ihey torblrlbute to Iheir communilios artd LF¥)se around them. CinemagiG can lacilitale cultural
8XGhange between young people from diffetent c(Knmunlties and counlrles and provide unique
opportunilits inspifing and supporting eniry into Ihe film and lelovisK)n s8¢lors and Ihe widèf crealJv¢
Induslries.
Cinemagic focuse5 on developing petsonal skills and assisting in fiTKiing ways for young people to
gain valuable tra￿￿9 and a5515t with closing the 5ki115 gaps which currently exist in Northem Ireland,
Clnemag'G is a model of excellence in using the creativè industries lo inspire social and econornic
change,
We believe Ih81 Cinemagic has a rde lo play in helping Northern Ireland bLn-Id ? peaceful. falr and
prosperous soGiety. which promotes equal opp(ytunilies and tackles social exclusion for young people
from areas of extreme disadvantage.

Cinemagic Limited
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (contlnu•dJ
Year ended 31 MarGh 2023
Achievements and performance
Now in Ils 33rd year, Clnemagic 18 an award wlnning internallonal chlldren's chartty Ihat Inspires,
educates and empowers young people through the medium of film and televlslon. We run Europe's
largest chlldren's f￿rn festival wilh ambilions to become the lar9est Chlldren's Film FestSval of its klnd.
Founded ￿ 1989, Cinemagic has touched the live5 Of more than 500,000 young people at home and
abroad. The majority of young people we work wilh are frorrb maTginalised or disadvanlaged
backgrounds. We dirgclly touch thè lives of morÈ than 40,000 young peoF4e around the world eatth
year with plan8 lo inc(éase IhAI rig￿8 subsianlially over the rtexl tfwae yaars.
The focal point of our cultUTal outreach 15 'Feslival' but In recent year5 we have expanded core
woducl lo include different layers of oulreach social, educalional and vocational. This aciivity is
delivered primarily IhrDugh eduGgtiDnal PTogrammes. industry led initiatives arNJ community based
projects.
Cinemagic's impacl on the Itves and cullural wellbeing of Indiv4thJ818 and CXJmmunilie8 18 prolound.
Our mission stalerfienl is to ignite Ihe passion and potential of yotjng people thcough the magic of
moving image and OLJr pwpose lo creale WOW tFYough experience. Our legacy wlll have been lo
'charige the lens through which youro people ￿ thernselves arNd Iheir Sufroundings,.
KEY ACHIEVEMENTS
o Cinemaglc rgcently won Best Crealtve Busine55 in the 2019 8elFast Busine55 Awards
o In Marly) 2019 Cinemagic was Honoured to be selected arKI vlslted by The Duke and Duchess of
Cambridge lo HoTr(KJr Ihe work of Ihe charity-
CiTh8magic is recognised lor ils abilily to eng89@ wilh young ￿OPle. lo slimulat8 dlseussion OTh soclal
issues and Lo inspi(6 and entsourage children ar￿ young people lo thrlve and be fully engagèd in Ihe
social and 8conomic life of their Communily. Ctsnemagic delivers crèative programm8s which adth8SS
social exclusion and associated yoblems ol bullying, drugs, olher adicLions, Sectari￿￿8rn i.e. hard
hitting issues Ihal young ￿￿pIe are deallng with a daily basis. parti¢ularly in areas of social and
e￿nOMIC disadvantage.
All Cinemagic activity SiJGh as screening5. V￿rkshOps. maslerclasses and fdrn camps provides
srnplimentary places to young people from areas of social and ecornrniG disadvantage. Cinemaglc
also proactively work5 I￿1th young people with various levels of di5abihty.
Cinemagic proactively targets young people aged 4 25 who would not normally have an
opportunily to access creative initialives that can bufld confidence arml enhance learning. Cinemagic
activities also have a strorMJ Inlergenerational S￿131 Inthsion focus.
o Cinemagie supports eq(tality ol OPFrt)rtunity for yourvJ Peop￿ Irom disadvanlaged areas and
backgrounds by providlng opportunities lo leam from leading filrn and television professionals through
the festival education progfamme. The organisatson works with hundfeds of schools and comrÈwnity
gfOUPS al a very grass roots level Ihroughoul Northem IreFand.
o ClnèmagiG SUPPOrts delivery of FILMCLUB in Northem Iieland. This 15 targeled at Ihg ExterKJed
Schools {ES) prtyramme, which involves schools servlng arÈa$ of the highèst social dèpr¢valion, Ovér
Ihe lasl 3 years Cinemaglc has engag8d wlth 168 ES schools. Th@ ES programrne aims lo wiiprovÈ
18vels of èducalSortal achlevèmènl and thè longer term Ilfe chances of diaadv8nlag6d children and
young people by providing the rtecessary additional Èupport which can anab￿ those Childr￿ lo reach

CinemagiG Limited
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (contlnu•d]
Year ended 31 MarGh 2023
Iheir full potenlial. The ES programme provKles for a wide Tarye ol servres or aclivilies outside of Ihe
normal school day lo help meet the needs ol pupils. their families and Icral ￿MmunitIes.
Flnan¢lal revlew
Resulls for the year ended 31 Marth 2023 are given In the Stalement of Financlal AGtivitie5 on page
14. The assets and liabilities as at 31 March 2023 are given on Ihe Statemeril of Financial PositiDn on
page 15. The financial staternents should be read in Gonjunclion wilh Iheir related notes. which appear
OTh pages 16 10 24.
In sumrnary:
total inGorning resourc85 inC￿aSed by 3.16% {2022: increase of 14.03%) to £630,204 (2022:
£610,902)
lolal resowces expended in￿e&sed by O.Z2% (2022: increase of 36,16%) to £611,868 (2022:
£610,555>
- n8t surplus for the yoar on restrided furKis wa5 £18.336 (2022.. nel surplus of £347)
The charity's key funder5 In 2022123 were Northem Ireland Screen leru)mpassing After SclM)ol Film
CltJbl and Belfast Clty Council currenlly contribule funding towards Its core activities wlth additional
major funders of Sklllset. BFI, 8vJ Lottery. Ignite, Arts Council. Harbour CornmlSsl￿ers & Creative
Industrie5 & Digitsl Tethnologie5 Fund providing mwr funding other specific proj8cts undertaken
by Cinemaglc Limited,
DESIGNATED RESERVES
The Board has examined the charityls requirer)wts for reserves in light ol the main risks to the
oiganisalioTr. 11 has established a policy whereby the unreslricled funds cwimitted or invesle%J in
tsngible lixed assets held tyy the charity should be between 3 gnd 6 rnonths of Ihe expenditufe.
The reserves are needed lo meet thè working capital requirements of the charity and the Board are
confidenl Ihal al ihé18vel a9r8ed Ih6y ¥vould bé able to conllnue the ¢urr8nt aclivitiés of thé charily in
Ihe evenl of 8 $19rtifscanl drop In fundity.
The present level of reserves avallatle lo Ihe charty falls over 3-rnonth largel level. The slralegy
15 to continue to build reserves Ihrough planlled operating Su￿luSes.

Cinemagic Limited
Company Limited by Guarantee
Trustees. An nual Report {Incorporating the Dlrector's Report) (c¢>ntlnuod)
Year ended 31 MarGh 2023
Plans for future periods
KEY STRATEGIC GOALS
STRATEGIC TARGETS for 2023
Please note new largets will be sel for 2024 and 2025 as Ihe envlTDnmenVGovemrnent leglslalion
5tart5 to evolve,
-secure funding of £800.000 in 2024, to e￿able CinemagK lo deliver all proieGIs.
-In 2023, w& aim to prodLKe a iich and divem festival progrartwne- Incrèaslng en9agèment wilh
schools and communiliBs by 5°k per year.
-ThÈ 2023 Cinamagic BÈlfasl FAM ar￿ TeleVts￿ffl fest1￿81 will include a minirrnjm of 218 avènts th8L wlll
provlde an even bigger plalfomi for lèarning ar￿ developmenl.
-To develop lh8 Young Consultants programming panpl, Cinemagic Film Jury programm8, BFI Fllm
Acadèmy and addlllonal outreach programrnes and ￿0￿cl$. 9fowing audi8nce pa(IIcApalion by 5DA p
year.
-Grow the Young Film Maker Compelllion. Dn Thè Pulse. Irlto a sland aknn8 8vèrtI which happens as
sepa¢alé lime tsl thè year lo Ihe festival, securing ov8r 600 entries per year. The objectives is to grow
the ev8T)I 'Qn the Pulse. inlo an annual cultural and film makirtg tompeliuon and lestival which altracls
hundreds of local and inlernalional participanls each yoar.
-To deliver 2 inlemalional film making projects per yeai.
-To develop the Cinemaglc Alumni network and a framework for peer to pew leafnlng, that surporls
wider Industry laleTht development.
-To grow lundinglsponsorship revenues by al leasl 5% over the nexl 3 years
-To deliver minimum x 5 short filmslbehind the scenes documenlaries per year
-To deliver Feature Fllm Produdion between 2023 - 2025
Internatlonal Growth
Delivering International educaliona5 film ar￿ training projècts of Ihis klrKJ will heppen Dn an Brbnual
basis.

Cinemagic Limited
Company Limited by Guarantee
Trustees. Annual Report {Incorporaling the Dlrector's Report) (contlnugdl
Year ended 31 March 2023
Tru5toe5' responsibilllles statement
The truslees. who are also direclors for Ihe purposes of company law. are responsible for preparlng
the Irustees. report and the financial statemenls in accordance wilh awlicable law and United
bQngdom Accc4Jnting Staridards (United Kingdom Geneially Accepted Accounting Practice).
Company law requlres the charity Iruslees lo prepare financial slatemenls for e8ch year which glve a
true and fair vlew of the slate of affairs of Ihe ¢harilable company arKI the incoming resources and
appllcalion of resources, inGluding Ihe income and experidilure. for thal perfod,
In preparing these financlal stakm8nt5, Ihe trustees ae r&qiMred tts:
select Suitable accounting FM)IKies and then apply them consist8ntly:
observè the méthods and principles In th8 applicablè Charities SORP:
make Judgments and accounkng 8slwnates thal are reasonable and pr￿lent."
prepa￿ the financkl slalernenls on going concem basis unless il is w)gppropri8te lo presume
ih81 the charily will ontinue w) bu$￿ess.
The trustees are responsible for kéeping adequale ac¢ouThl#ig re￿dS Ihat ar6 sufficieni io show and
èxplaln th6 charity's Iransactions and ¢Jisdosé wilh reasonable accuracy at any Ilme Ihé financial
Position of thè charily and enable them io ènsure Ihat the Ilnancial slalemonls comply wilh Ihe
Gompan*s Acl 2(X)6. They are also fesponsible for safeguardiNJ the assols of Ihè charily and henc8
ror taking reasonable sieps for th8 prevenllon and detection of Iraud and olher irreguiarili8S.
Audllor
Each ol the persons who is a trutA8è al the datè of apprtsval of Mport confirms thal.,
so far a5 Ihey ale aware, there is relevant aLKlil ￿[O￿natiOn of which the charbty's auditor is
unaware; ar#
they have laken all sleps thal they oughl to have taken as a Iruslee to make Ihemselves aware of
aTry relevarlt audit infomatKm and k) estatyish Ihal ihe charitrf$ audilw 1$ aware of thal
informalion.
The audllof is d68m8d to have beerb t8-appoinled In accordance wilh seclion 487 of th8 Companiès
Acl 2006.
Small company provisions
This report h8s been prepwed in acwr(lance with Ihe pr¢)visions ewllcable to Comp￿leS enb.tled to
the small compan￿$ exempth)n.
The Irustees. annual report was approved on 14 December 2023 and sign8d on behalf of the board of
trustèes by",
Ms M Hatfield
Truste8

Cinemagic Limited
Company Limited by Guarantee
Independent Auditor's Report to the Members of Cinemaglc Limited
Year ended 31 March 2023
Opinion
We have audlled the financial slalemenis of Cinemagic Llmited (the 'charity') for the year ended
31 March 2023 which compribe the statement of flnancial activllies (includin9 income and expendSlure
accounl), sla16ment of ff nancial posltk)n an(J the relaled noles, including a summary ol signillcanl
accounling policies. The financial reporling ffan*work Ihal has been applied in their preparation is
appllcable law and United Klngdom Accounting Standards, including FRS 102 The FirwiGial Reporting
SlaDdard appllcable ￿ the UK and Repubk of Ireland {Uniled K¢ngdom Generally Accepted
AccoLJntlng Piaclice).
In opinion thè financial stat8ments-.
grve a true and fair view of the state of the charity's affairs as al 31 March 2023 and of ils
incoming resources and application of resources. incIL￿Ing its incorne and expenditUFe. for the
year then ended;
have been propedy prepared in a¢¢ordance wlth United Klngdom Generally Aceepled
Accounling Praclico:
have been prepared in acccwdance V¥ilh the r￿UIreMentS of the Goryanies Acl 20C6.
Basi$ for opinion
Wè conducted our audit In accordance wilh In16malicffl81 Standards on Avdiling (UK) (ISAS IUK)) and
applicable law. Our resporisibilities under Ihose standards are lurlher described kn Ihe auditorfs
responsibililies the audit of the financial stalemenls sectiM of our report. We are independenl of
Ihe charity in accordance wlth the ethic81 requiremenls that are relevant to our audit of Ihe financial
81alements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other elhical
respoftsibililies in accor(San¢e with Ihese feqLMrements. We believe Ihal the audit evideDce we have
obtained Is sufficient and appropriale Io Pfovlde a basis for our opink)n.
ConGIu5ion$ rnlatlng lo golng concern
In auditing the ftnancial 5talernents. we have Concluded that the truslees. use ol Ihe going concam
basis of accountir@ in the preparation ol the financial statements is appropriate.
Based on the work we have performed. we have not identified any malerial uncertainties relating to
events or ¢￿ditI￿& that. indiwdually or collectively. rnay cast significant dol￿￿ on the charity's ability
to continue as a going concem for a period of al least ￿e1ve r￿nthS from wherb the financial
slalements are authorise(I lor issue.
Our responsi￿111￿08 and Ihe responsibililies ol Ihe Iru$lÈes wilh respecl lo going concorn are described
in thÈ r818vanl sèctions of Ihis roport.
10

Cinemagic Limited
Company Limited by Guarantee
Independent Audltor's Report to the Members of Cinemagic Limited fwitlnu•dJ
Year ended 31 March 2023
Other Dnforrnation
The other inlormation comprlses the information •iduded in Ihe annual report, other Ihan Ihe firtrancial
statemenls and our auditor's report Ihereon. The tfustees are responsible for the olher Informallon.
Our oplnlon on Ihe financial stalements does not ￿Ver Ihe other informatlon and, èxcepi io the exlent
otherwise explicitty stated in our report, we do express any fonn ol assurance conclusion Ihere¢Jn.
In conneclion wlth our audit of the In4￿cIal stslem￿ts. our responsibility is to read Ihe 0th8r
Informaiioft and, in doirKJ so, consider whelhw the olher information is malerially ihcorisistenl wllh Ihe
nanciBI statemenls or our knowlÈdge obtained in the al￿11 or olherwlse appear5 to be malerially
isstated. 11 we identify such rrtaterial incoThJiStorKies (* apparani material mFsslatèMènts. wè arè
requlred lo detèrmine whelher there Is a materf81 misstatèment in th8 flnancial slatemenls or a
malerial m1551atenent of Ihe olher infomiation. If, based on the work we havg perfcrThed, wc conGlude
Ihal Ihère is a malerial missial8m6nt of Ihis other information, we are required to report Ihat facL
We have nothing to report in th15 regard.
OplnSons on oth•r matters pr•scrlbed by tho Companlos Act 2006
In our opinion. baséd on tho wwk undertaken in the course of audil:
the infomialion given ￿ the trustees, report for the financial year for which the financial
Statements are yepared is Consistent wlth the financial slatements. and
the Iruslees, report has been prepared in accordan￿ with applicable leg* recpjirements.
Matters on whiGh we arp requlred to Teport by exGeptlon
In the light ol the kno¥*Aedge and understanding of the charity and its environment obtained in the
course ol the audil. we have not Klenttfied material misstatements In the tTustees' report.
We have nolhin9 lo report In respect of the foNowmg mattws in relation to which ihe Companies Acl
2006 requires US lo report lo you rf. in our opinion:
adequale Bccounting records have not been kept, or ￿tUrnS adequale for our audlt have not
been received from branches noi visited by us., or
the linancial statements are rK)l in agreemenl with Ihe accOL￿ting records and retums: or
cÈrt8ln disdosLK8S of Irustees. rÉMurwaiv￿ speeAfiod by law are nol made., or
we have not received all the Ink￿rnat[on and explanatlons we require for our audit- or
Ihe trustees were not entltled to prepare Ihe Ilnanclal slalemenls in axordance wSth the sm811
ompanies regime and lake advarilage ol the small companies, exernptions in prepariDg the
directois, report and from the requ￿ment to prepare a strategic ￿pOrt.
11

Cinemagic Limited
Company Limited by Guarantèe
Independenl Audltor's Report to the Members of Cinemagic Limited (contlnu•dJ
Year ended 31 March 2023
Responstbilities of trustees
As Èxplalned more fully In the trust6es' responsbi ilities statement, the Iruslees (wtrK) ale also Ihe
directors lor Ihe purposes of company law) are responsible foi Ihe preparation of Ihe financl81
Statert￿ntS and for being sa11sf￿d Ihal they give a Irue and faif view. and for such internal Control a8
Ihe Iruslees delerrnine is necesswy lo enable the preparatim of [in￿claI s181omenls Ihal are free
from material misstatement, whelhef due lo fraud or error.
In prÈp8ring Ihe financlal siatèmenis. the trLKStees are responsiblè for assessing Iho charily's ability lo
ctnlinue as a going concern, dis¢105ing, as ap￿Cable, matlers related Lo going concem and using thè
going concem basis of accounting Lmless the Imslee8 èilhor inlend io liquidate Ihè charity tt lo caase
operalions, or havè no realiskn'c altemalive bul to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are lo obtain reasonable assurance about whether the financial statenTrenls as a whole
are free from material misslalemenl. whether due lo fraud or error, and to issue an auditor's report that
indudes our opinion, Reasonable assurance is a high level of assurance, but is not a guarantee thal
an audit conducled in accordance with ISAS (UK) ¥vill always detect a malertal misslalemenl when il
exists. fvllsslalements can arise from fraud or error and are considered malerial if, indSvidually or In Ihe
aggregate, they ¢ould re8sonably be expecled to inlluence the economic decisions of users taken on
the basis ol these ￿ancIal statements.
Irrogularilies, including Iraud, are instances ol ntsi-compliane8 With laws and rewlations. We d6$19n
procedures in line wllh our responsibilitios, oullined above. lo deloct material mtsslaloments sn respect
of Irreg￿a(￿li￿s, including fraud. The exienl Lo which our pmcedur&s ar8 capabfe of del&cllng
irregularilles. inclu¢Jin9 fraud is detailed below.
We obtained an L￿derstaNdIng of the legal and regulatory framework appllcable to the Company
through 8nquiry of management, industry research and the applicalion of cumulative audil knowledge.
W8 idenlified the ftsllowing principal laws and regulatitins rolevant to the Company - Compankes Act
2006 and thÈ Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
We developed an understandlng of the key fraud risks to the entity (irKludlng how fraud might occur).
the contro15 in Pla￿ to help mitigate those nsks, and the accounts. baLances and disclosures wllhin
the financial statemerbls which may be susceptible to managernent bias. Our understanding was
obtained through review DI the financial statements for significant accounling estimates, analysis of
Journal entries. walkthrough of the key control cycles in place and enquiry of fnanagement.
As part ol an audit in accordance wilh ISAS (UK), we exercise professiornal jLKlgment and ma￿taIn
profesS￿n81 sceplkism Ihroughout Ihe audit. We also:
Identlfy and assess Ihe rtsks of material misstatement of Ihe financaaS statements, whether due to
fraud or t￿or, dÈsiyn and pèrform audil procèdures responsive lo Ihosè rlsks, and oblain audil
èvldoncè Ihal is sufficiont and apF*opriaLe lo provide a basis lor our opinion. risk of n¢1
dètecting a malerial missialèm•nl resulling Irom fraud is hiQhof than lor one resulling ffom errot,
as fraud involvè edlusion, forgrfy, it)tenti￿al omissiong, misfepresèthtalions, Or tho ov8rr*ié
of iniemal eontrol.
Obtain an urwjerstanding (rf internal control relevant lo thg audil in order to design audil
procedures that are appfopTiate in the circumstances. bul not for Ihe purwse ol expressing an
OFMnion on the effecliverbess of the internal contrd.
12

Cinemagic Limited
Company Limited by Guaranteo
Independent Auditor's Report to the Members of Cinemagic Limited [contlnupdJ
Year ended 31 March 2023
Eveluate the appfokyialèness of 8CCOLlftting pollcl6s used and the re8sonableness of accountlng
eslimales and related disdosures made by Ihe trustees.
Condude on the appropriateness of the trustee5' use of Ihe going concern basis of aGcouriting
Bnd. based on the audit evidence obtained. whether a material uncertainty exists related to
event5 or condllions that may cast signif￿ant doubt on Ihe charity's ability to continue a5 a going
concern. If we conGlude that a matetial uncertainty exist5. we are required lo draw attention in
our 8uditor's report to the relaled disclosures irb the flnancial 5ts1emenis or, If such disclosures
ar8 inadequate. to modify our opin￿n. Our CO￿lUsionS are based on the audil evidence obtained
up to Ihe dat9 of our auditorfs report. Flowever, fulure evenis or conditions may Gause the charity
lo cèase lo tonlinue as a going concem.
Evaluate the overall presentalion, slructwe arwj contenl of the f￿anCIal slatements. includlng the
dlsclosures, and whelher the financkgl sialemenls represent the UnderI￿ng transaction$ and
eve￿ts in a manner that achieves fair presentslkjn.
We communicate wlth Ihose i*wged with g¢)vemance regarding, among otFw malters, Ihe planned
scope and liming of the 8udil an(J signif￿Ant aijdlt findings. Including any signilicant deficienGles in
Internal control tliat we identify during our audit.
Use of our report
Thls report Is made solely lo the charity's mernbefs. as a body. in accordance with Chapler 3 of Part
16 of the Companies Act 2006. Our audrt work has been undertaken so that we mtghl State to Ihe
charivs niembeis those matters we are requlred to 5tste to them in an audtlorfs report and for no
other puipose. To the fullest exlerbt permitted by law. we do not accept or assume responsibility to
anyone other than the charity and the charity's members as a body. for our audit work, for this report,
or for the opinion5 we have formed.
Mr M Flannigen (Senior Stalulory Auditor)
For and on bÈhalf ol
FEB Charlered Accountants
Cthartered accountants & slalutory auditor
Linenhall Exchanoe
1 sl Floor.
Z6 Llnenhal Street
Belfast
Northern Ireland
8T2 8BG
14 December 2023
13

CinemagiG Limited
Company Limited by Guarantee
Statement of Financial Actlvities
(Including incomè and expèndlture aecount)
Year ended 31 March 2023
2023
Restficled
funds Tgtsl funds
2022
U￿estrIcted
funds
Tolal funds
Incom0 and •ndowment5
Donations arxl legacies
Other trading acllvilie5
Tolal income
600.089
600,089
30.115
$87.269
23.633
30.115
30,115
600,089
630,204
610,902
Expendlturp
Expenditure on raising funds:
Cosls of raising donaliorffj and
legacles
Expenditure on ¢haril8ble artivilies
Total expenditure
10.795
595.771
4.318
606,566
5,302
604,881
5.674
11,779
6￿,089
611,868
610,555
Net Income and net movemenl in funds
18,336
18.336
347
Reconciliation of funds
Total funds broughl forward
Total funds Garried fonvard
66,995
1CK).865
167,B60
186.196
167.513
85,331
100,865
167,860
ThÉ stalement ol financlal 8CtivillÈs indudès all gains and losses rÈeo9nlsed in year.
All income and expenditure dèriv8 fiom coniiAuing acllvilies.
The notes on pagès 16 to 26 l•rm part of these flnandal slal¢ments.
14

Cinemagic Limited
Company Limited by Guarantee
Statement of Flnancial Position
31 March 2023
2023
2022
Note
Flxed assets
Tangible fixed assets
Irlvestments
14
15
3.027
100
4.365
100
3,127
4,465
Current assets
Debtors
Cash at bank and in hand
217.108
113.9S2
157.198
135,115
292,313
331,060
Creditors: amounts falling due withln one year
Net currant a$so1$
17
147.991
128,918
163.395
183,069
Total as5et5 less Gurrent liabilities
186,196
167.860
N•t assets
186.196
167,860
Funds of the charlty
Restricled lur￿$
Unrestricted funds
100,865
85,331
186,196
100.865
66.995
Total charlty funds
20
167.860
These fflnancial stalements have been wepared In accordance with the provisions appliGable to
Companie5 subject to the small companies, regime.
These linancial slatements were aptxoved by the board of Iw4ees and authorised for issue on 14
December 2023, and are signed on behall of the toard by:
Ms M Halfield
Trustee
The noles on pages 16 to 26 forni p*t of these flnanclal slatements.
15

Cinemagic Limited
Company Limitèd by Guarantee
Notes to the Financial Slatements
Year ended 31 MarGh 2023
General infomiatl
The charity is a Publ￿ benefit entity and a privale company Ilmited by guarantee, reglstered In
Northern Ireland and a ¥egistered tharity in Northem Ireland. The address ol the re9islered office
Is clo FEB Chartered Accounianls, Llnenhall Exchange, 26 Llnenhall Slreet, Belfast, BT2 8BG.
Stalemenl of Gompliance
These financial 51atements have been prepared in Complian￿ with FRS 102, 'The Flnanclal
Reporting Standard appllcable in the UK and the Republic of |relaTrd'. the Statement of
Recommended Practice applicable to charities pieparing thelr accounts in accordance wilh th8
Finzncial Reporting Standard applicable in the UK aryl Republtc of Ireland (FRS 102) (Chawities
SORP (FRS 102)) and the Comparbies Act 2￿6.
Ac¢ountln9 pollcles
Basis of preparallon
The firwnGial statements have been prepared on the historical cost basis, 35 modrfied by the
revaluation of certain fingncial assets ar￿ liablllties and investrnent propertie￿ rneasured 21 fair
value Ihrough income or expenditure.
The fin8ncl81 statemenls are wepared in sterlin9. vthich is the fUr￿l￿)nal currency of the enitty.
Fund¥
Restricted Funds
The restricted funds Tepresenl dcffiations received where the donor has
Imposed restrictiotis on the use of the funds wfftich are legally blnding on th& Board of TTUStees.
Unreslricted Funds . The ur}￿St11clell funds we under the a>ntfol ol Ihe Board of Trusiees, to be
U8ed In the lurtherance of the general tharilablo objectives of the ¢wpany.
Going cortcwn
The finaricial statements have been prepwed a going concem basis as the Iruslees believe
thal no material Un￿rtaInty exists. The trustees have considered the level of funds held and the
expected level of income and expenditure for 12 months from aulhorising these financial
slalemenls. The budgeted income and expenditure is sufficienl with the level of re5eTves for the
chartty to be able to continue a5 a golng conGem.
Disdosure exempttons
Th& charlly has applle¢Y Updale BuftètTn 1 as published on 2 F8brvary 2016 and does nol indud8
cash now slaternenl on the 9rounds thal it 6 applying FRS 102 Sèetion 1A.
Con5011dation
The entity has laken advantage of the option not to prepare consolidaled financial stalemenls
conlaired In Section 398 of Companies Ad 2(K16 on the basis Ihal Ihe enllty and Its
subsidiary undertakings comprise a small group.
16

Cinemagic Limited
Company Limited by Guarantee
Notes to the Financlal Statements fcontfnu•dJ
Year ended 31 March 2023
Actounting polleies (¢¢ndnvedJ
Judgements and kèy sources of •8tlmatlon uncortalnty
The preparation of the financial statements requlres management lo make judgemenls.
estimates and assurnptions that affect Ihe ￿nOun15 rewrted. These estimates and judgements
are conlinually reviewed and are based on experience and other faclors, including expectations
of fuluie events that are believed to be reasonable urKler the CifGumstances.
Fund accountlng
Unieslricted lunds are avallat46 for use al Ihe d￿e￿I¢)n Gl the truste88 to further any of Ihe
charSly's purposes.
Deslgnated funds are unrestricted furK15 earmwked by the trustees for particular future project or
corhmltment,
Restricled funds are subiected to reslrickn'L￿s on their expenditure declared by the donor or
throl￿h the terms of an appeal. and fall into one of two sl￿-￿aSses. restricted Ir￿)rne funds or
endawment funds.
Ineomlng r6sourc
All inwming resources are induded In the stalBrnent of financial activities when 8ritillernenl has
passed lo Iho charity- il is probatle thal Ihe Èconomic ￿nefIts a550clated with the Iransactio
will flow Lo the charity and the amount can be rE4lbably rneasLKgd. The following 5peafic policies
are app￿￿ed to wiiGular calegorie5 of incoffle-
income from donatlons or grants is reCO￿lsed when there is evTrdence of entitlement lo the
gifL rece¥)t is piobabl& and tts amount C￿ be measured rdiably.
lesacy income is recognksed when receipt is probable and eThbllerMenl is esiablished.
income from dDnaled goods is mea5Lwed at the falr vahje of the gooqjs unless this is
impractlcal lo measure reliably, In which case the value is derived frorn Ihe cost to Ihe donor
or the 05tirhaled resale value, Donatod facililies and services are recognisèd in th
accounts when received rf Ihe value can bo reliably rnea5uTed. No arrK)unts are included for
the Gontribution of general volunteers.
Incomè from contracls for the supply of seNtces Is recognised wilh the dellvery of the
conlfarted s￿iCe. This is classified as unreslricted lunds unless there is a conlraclual
requirement for it to be spent on a particular Pufpose and retumed if unspent. in which case
may be regarded as restricted,
17

Cinemagic Limited
Company Limited by Guarantèe
Notes to the Financial Statements (contlnu•d)
Year ended 31 March 2023
AccounlSng policies fGfjnllnv•d)
Rèsour¢•$ exp•Aded
Expendilure is recognised ￿ an accruals ba515 as a liability 15 IncU￿e￿, Expenditure Include5 any
VAT whlch cannot be fully recovered. and Is classified un(kr headlngs of the stalerThent of
rinancial activities to whlch it re￿I8&-
expenditLwe on raising funos irKlude5 the costs of all furKlraising aclivilies. events.
non-charitable trading ac￿vIlIeS, and Ihe sale of donated goods.
expendltuie on charltable actsvit*s IrKludes all costs incurred by a charlly In LAnderlaklng
aciivlties Ihat further its charilable aims for Ihe benèfit ol its bènèficiaries, lftcluding thosÈ
support cosls artd costs télating io the governanc6 of the charily appor￿.0Thed lo charilablé
acllvilles.
olher expenditure includes al 8xp8rKMure that Is neither related to ralsing funds for the
charity nor part of il5 expenditure on charitable activities.
All ¢osts are allocaled to expendilure categories ieflecling the use of the resource. Dlrecl costs
allribulable to a single activity are allO￿led ijirectly to Ihat aclivity. Shared costs are apporlioned
belween Ihe aclivities they contribute to orb H reasonable, justifiable and Ix)nsislenl basls.
TangIb￿ assèts
Tangible assets are in￿l311Y recorded at cost. and subsequently 51ated at cost les5 any
accumulated depreclation and Impairment losses. Any langible assets c8rried at rev8lLJed
amounts are recordÉd at the fair value at the date of rovaluation less any subsequent
accumulated depredathjn and subsequenl accumulaled impairment losses.
An increase in Ihe carrying amount of an assel 88 a result of a revalualiw. is recognised In other
recognised gains and losses, unless rt reverses a charge for Impairmenl that has prevknusly been
recognised as exp8fbditure within Ihe statement of financial activlties. A decrease in the carrying
amount of an assel as a resull of ¥evaluation. is recognised in other recognised gains and losses.
excepl to which it offsets any previous revalualion gain, in which case Ihe Ioss is Shown wilhin
other recognised gairbs and losses on the statement of financial activities.
Depr•ciation
Dewe¢ialion is ¢alculated so as lo wtiiè ofl Ihe cosl or vakjatlon of an as88t, 1055 ils residtsal
Value. over Ihe useful economiG lile of Ihal asset as foll(XVS:
Ixlures & fittlngs
Equiprnent
250/0 reducing balance
25% straI￿t line
Inveslments
Unlisled èquity invéslments are initially ts¢OTded at cosl, ar¥S subseqtsently measured at fair
valuè. If fair value cannot be rÉllably measured, assèis are measuréd at tosl less impaiimenl.
Llsted investments are measLred at fair value with changes in falr value balng recognlsed In
income or expenditure.
18

Cinemagic Limited
Company Limited by Guarantet
Notes to the Financial Statements (CDntlnuodJ
Year ended 31 March 2023
AccountSng policies IGonifmi¢d)
Investment$ In a8so¢lat•s
Inveslments in as50clates acc￿nted for In accordance wlth ihe cost model are recorded at cost
less any accu1n￿aIed KnpaiTment losse5.
Inveslments in associates accounted for in accordarKe with the fair value mdel are Initially
recorded at the transaclion price. Al each reporting date. the inveslmenls are measured al falr
value. with changes ir fair value taken through income or expenditure. Where it is impracticable
to Measure fair value reliably withoul urKlue cost ot effort. the cost model wiu be adopted.
Dividends and olher dislcibulions received from the investment are reeogrtrised as Income without
regard lo whelher Ihe distribuuons are frorn acGumulaled prolits of the aSSOCAate a¥islng before or
gfler the dal8 of acquisition.
Investments in jolnt venlures
Inveslments in jointly conlrolted entities accounted for in accordance ￿1th the cosl modet are
recorded at cost le55 any accumulated irnpairrnent losses.
Investments in joinlly controled enlilies accounted for in accordance with the fax value model are
Inillally fecorded al the transaclion price. At each reportlng date. Ihe inve81ments are measured
al lair value, wilh changes in lair value taken Ihrowh h)come or expenditure. Where It is
Impraclicable to measure fair value rellabty withoul undue cost (Y effort. Ihe cost mr)del wlll be
8dopted.
Dlvid8nd5 and olher distribUlK￿￿ received from thè IM￿Stmen1 are recogTrised as Income without
réoard lo whèlher ihe dIstrit￿l110nS are Irom accum￿8(8d profils of p)inl véniui8 arising before
or alier ihe dat8 of acquisition.
Impairnient ot fixed assets
A review for indicalors of impairnient is Carried oul at each reporting dale, wilh the recoverable
8mourit being eslimate(I where such indiGglors exist. Where the carrying value exceeds the
recoverable amounl. Ihe asset 15 impaired ?￿rdIngty. Prw impairments are 8150 reviewed lor
possitAe reversal at each re￿Ing dale.
For lh• purpose8 01 inwairmonl testsng, ￿en it is not possibl8 to Èslimalo the rec¢)V@rable
amount of an ￿diVIdual assèt, an èslimalo is madè of Ihe récoverablè amount ol thÈ
cash-generalin9 unll lo which Ihe assèt belongs. The tash-generallng unlt Is Iht smallèsl
idenlttiable group of assels Ihal includes the assel and generates cash inflows thal lar9ely
independent ol the cash innows fnym olher assets or groups of assets.
For ifftpalrment testing of goodwll, the goodwill acqulred in a business cornblnation is, from Ihe
a¢quisllion date, allocated to each of Ihe cash-generating units Ihat are expected lo benefit from
the synergles of the comblnalK)n, wrespeGtlve of whether other assets or ll3￿1111eS of the charity
are assigned to those units.
Flnancial Instrurnents
A financial asset or a financial liabillly is recognised onty when the charity bbcomes a party to Ihts
contraclual provisions ￿ ihe iThstn•menl.
19

Cinemagic Lirnited
Company Limited by Guarantee
Notes to the Financial Ststements (¢t}ntIn￿dI
Year ended 31 MarGh 2023
Limited by guarantee
Clnemaglc Limlled was reglslered on 15 January 1998 as a company ￿miled by gLfdranlee, not
having a share capital. The liabilily of each member is timiled lo an amount nol exceeding £1.
11 Is also a charity regislered with HM Reven￿ & Cusllxns.
Donation5 and legacies
Unreslricled
Funds
Reslrided Total Funds
Funds
2023
Grants
Grants re￿ivable
600.089
600,089
Unrestricted
Funds
Restrlcted Total Funds
Funds
2022
Granls
Granls receivable
28.704
558.S65
587,269
Other Irading actsvities
Unr8slricied Total Funds Unresl(icled Toial Funds
FuThJs
2023
Fuftds
2022
Box ollice income
30,115
30,115
23.633
23,633
¢ost8 of ralslng donatlons and legacl•s
Urwestricted
FurwJ5
Restflcted Total Funds
Funds
2023
Dlrecl cost of activilios
Wages and salaries
Employer'$ NIC
Pènsion costs
Refil
Ralé8 & watet
Light & heal
Repairs & maintenance
Ir￿uranCe
Travel costs
Accounlancy lees
Telephone
cosls
Depreclalion
Cleaning
258.734
236.593
22.825
4,870
12,736
320
3.373
258,734
236,593
22,825
4.870
12.736
320
3,373
934
6,013
11,656
10,680
12,387
21,907
1,338
2,200
606,566
934
6.013
11.656
4.357
12.387
21.907
6.323
1.338
2,200
10.795
595.771
21

Cinemagic Limited
Company Limited by Guaranteè
Notes to the Financial Statements (contlndmdj
Year ended 31 March 2023
Accounting policies f¢fjnNnv•d)
FSnanclal Instrurn•nts f¢Qnlkn￿￿j
Baslc financial InStru￿nts are initialy re(X*gnised at the amount recelvable or payable Including
any related Iransactiorb costs.
Cuffent assets aNI current Ilabilities are subsequently measured at the cash or other
considerallon expecled lo be paid or Teceived and not disCo￿led.
Debl in8trum6nls are sub$eouenlly measured al ar￿rtISts1 cosl.
Where investments in sha¥es are publicly Ir&Jed Of their fair value can otherwise be rneasured
reliably. the investment is sub5equenlly measured at fair value with changes in fair value
recognised In income arTrd expenditurE. All other such investments are subsequently measured at
cost less impairment.
Other financial instruments. inclLKling derivatives. are initially Tecognised at fair value. unless
payment for an asset is deferred bèyorxl rK>rmal business terms or financed at a rate of mterest
that15 not a rnarkel rate. in which case Ihe a55et is measured at the present value of the fulure
payments dSscounted at a market rate of Inlerest for a similar debl Tnstrument.
Other financial inslrurneTrls are subsequently measured at fair value. with arry changes
recogriised in the statement of financial ac￿'vi￿es, with the exception of hed9lng instruments in a
desi9nated hed9ing relallonship.
Financial asseis Ihal are measured at cost (* amNtised wsl ar8 miewed for objective ewidence
of impairmenl at Ihe eTrd of each reporting date. If there 15 ot¥"eclive evldence of impairment, 8n
Impairment loss Is recognised ￿)de( the apprtyriate hÈadlng in thÈ siatemeni of financial
aGlivities In wtrmch Ihe in1￿.a1 gain was r￿Ognised.
For all equity in51rnments regardloss of significan￿, and otheT financial assets Ihat are
Individually signifiGanl. Ihese are assessed individually for impairment. Other financial assets ale
elther assessed IrKlividually or grouped on the basis of similar credit risk characleri5tics.
Any reversals of impairment are re¢ognised immediately. to the extent thal the rever531 does not
resull in a carrying arnount of the financial asset tha( exceeds what Ihe carry￿g amount would
have been had the inipairmenl not previously been recognised.
Definèd contrlbutlort plans
contribut￿nS to defmed contr￿)￿tiOn plan5 are reCO￿lSed as ark exp8n5e In th8 pe￿d In ￿lCh
Ihe related seNice is provided. Prepaid contributions are recogn15ed a5 an asset to the extent
that the prepayment wmi lead to a reductth in future payments or a cash refvnd.
When contfibutions are not expected to be sellled wholly within 12 months of the end of the
reporting date in which the employees render Ihe rel?ted seNice, the liability ts measured on a
discounted present value basis. The unwindirvj of the discount is recognised as an expense in
the period in which it arises.
20

Cinemagic Limited
Company Limited by Guarantee
Notes to the Financial Statements (crmtlntsgdj
Year ended 31 MarGh 2023
Costs of raising donations and legacies (co•￿'nué￿I
Unrestricied
Funds
Restrlcttsy Tokn4 Funds
FuThds
2022
Direct cosl of aclivilies
Wages and salaries
Employor's NIC
Pension costs
Rent
Rates & water
Lighl & heal
Repairs & maintenance
Insurance
Travel c05ts
Acco￿(0ncY lees
Telephone
Off￿e costs
Deprecsation
Cleaning
292.301
205.533
17.432
4.140
12.356
302
3.133
292,301
221,161
18.757
4.455
12.356
302
3.133
856
5.158
3.250
11.340
7.773
20,485
1.174
2.380
15.628
1.325
315
856
5.158
3.250
11.34ts
7.773
2.968
17,517
1.174
2.380
50.535
554,346
604,881
Expendllur• on charltable actlvStles by fund type
Unfestricled
FurK15
Restrtcted Total Funds
Funds
2023
Support Costs
4,318
5,302
Urwestrtcled
FuThJs
RestrlGted Total Funds
Fund5
2022
Support cosis
1,355
4,319
5,674
Expéndlturg ofi eharllablo a¢llvltl•s by attlvlty type
Support Total funds
costs
2023
Total fulld
2022
Governance costs
5.302
5,674
10. Nèt irtcoffle
Net income is staled after chargiryl(crediting):
2023
2022
Depreclation of tangible fixed assets
1.338
1.174

Cinemagic Limited
Company Limited by Guarante&
Notes lo the Financial Statemenls {conltnuodJ
Year ended 31 March 2023
l l. Audltors remuneratlon
2023
2022
Fees payable for Ihe audit ol the financtal stalements
4,320
4,320
12. Staft costs
The tolal staff Costs and employèè bonefits fc* the reporting Peric￿ are analys•J as follows-
2023
2022
Wages and salaTies
Soclal seGurily cosls
Employer ¢onLributlons lo pènsion plans
236,593
22.825
4.870
264,288
221,161
18,757
4,455
244,373
The average head count of employees dwing Ihe year was 6 (2022.. 6). The average nurnber of
lull-lime equivalent employees during the year is anatysed as follows:
2023
2022
Number of staff
The numbei of employees wt￿e rernuneration foi the year fell within the lollowing barHls, were,.
2023
2022
£70,000 to £79,999
13. Tru$teÈ remuneratk>n and expons•s
No remuneration OT Other benefits frorn empioymenl wth the charfty or a relaled enlity were
received by the trustees.
14. Tanglbl• fixed a¥sels
Fixtures arKI
fiitings
Equipment
Total
Cpst
At 1 Aprll 2022 and 31 March 2023
Depreclatlon
Al 1 April 2022
Charge for the year
At 31 March 2023
13.837
73.699
87,536
13.837
69.334
1.338
70.672
83,171
1,338
84,509
13.837
Carrylng amount
At 31 March 2023
3.027
3,027
4,365
At 31 MaTch 2022
4.365
23

Cinemagic Limited
Company Limited by Guarantee
Notes to the Flnancial Statements (cofitlnuedl
Year ended 31 March 2023
15. Inve51ments
Shares Fn
group
undèrtaklng
Cost or valuallon
At 1 Aprll 2022 and 31 March 2D23
Impalrnient
At 1 Aprll 2022 and 31 MarGh 2023
Carrying amount
At 31 March 2023
100
100
Al 31 March 2022
100
All investrnents shown above are held at Valua￿￿.
16. Debtors
2023
2022
Amounls owed by oroup ?￿d related underlaksngs
Prépayments and accrued Incom8
Grants tÉceivablè
Other deblors
143,563
5,472
65,5n
2,500
217,108
62,286
6,674
85,738
2,500
157,198
17. Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
Trade creditors
Accruals and deferred incorne
Social security arKI ott￿[ taxe5
Credil card
Other ciedilors
38
27,411
90,509
26,098
2.632
1,303
147,991
38
20,344
92,127
5.798
9.464
1.147
128,918
24

Cinemagic Limited
Company Limitèd by Guarantee
Notes to the Financial Statements (contlnu•dJ
Year ended 31 March 2023
18, Deferred Incorne
2023
2022
At 1 April 2022
AmoLJnt released lo income
Amount delerreil in year
At 31 March 2023
69,159
163,822)
55.500
54,954
(35,183)
49,388
60,837
69,159
19. Pensions and other post retirement benefits
Dèfined Contribution plans
Th8 amount recognised in income or eX￿dIture as an 8XF*nse In rélalion lo dofinod
contrlbulion Plans was £4,870 (2022: £4,455I.
20. Analysis of charltable lund$
Unrestricted funds
At
31 March 20
23
At
1 April 2022
Income Expenditure
General funds
66,995
30.115
(11,779
85,331
Al
1 Aprl 2021
31 March 20
22
Incorne Expondilure
General lunds
66,648
52.337
151,990}
66,995
Fund doscripllons
Reslricled funds are 8niounts lo be used for specKied purposes as laid down by ihe doncK.
Expenditure which meets these criteria ￿ charged lo the fund logether with a fair allocatlon of
overhead and support costs. The Iwstees have no corbtrol over these funds other than ensuylng
they are spent for Ihe purposes inlended by the donors and therefore no taiget level has been
set.
Unreglricted funds are freely avallable to spend on any of the charilys purposes,
25

Cinemagic Limited
Company Limited by Guarantee
Notes to the Financial Statements (coNtlnu9dJ
Year ended 31 March 2023
20, Analysis ol ¢harltable lunds fvontlnuedj
Rèstrlcted funds
At
31 March 20
23
1 Aprl 2022
Income Expendilure
Restricied Fund
100.865
6W.089
{600.089)
1 00,865
At
31 March 20
22
At
1 April 2021
Iru)me Expendilure
Restrtcled Fund
100,865
558,565
{558,565)
100.865
21. Analysls of net assets between funds
Urweslricled
Funds
R8stricled Toial Funds
Funds
2023
Tangible fixed assets
Inveslmenls
Current assels
Credllors less than 1 year
Net a53ets
3.027
3,027
100
245.729
331,060
{147,991) (147,991
11MJ.865
186,196
85.331
85.331
Unrestriclod
Funds
Restrlcled Total Funds
FuTrd5
2022
Tangible fixed assets
Investment5
Current asset
Credilors less Ihan 1 yèar
Net assets
4,365
4,365
100
225 318
292,313
{128,918) 1128,918)
1 CK).865
167.860
66.995
66.995