Cinemagic Limited Company Limlted by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) Year ended 31 MarGh 2023 The Iw$lees. who are also the drectors for the purpK¥ses of CCffipY law. present their report and the financlal statemenls ol the tharity for the year erwjed 31 March 2023. Reference and adrninistrative details Rogistered charity name CeMagic Limited Charlty r•gl8iratlon number XR28542 Cornpany registration number N1033497 Principal office 49 Botanic Avem8 Belfast BT2 88G Registered office clo FEB Ghartered AGGountants Linenhall Exchange 26 Linenhall Streel Belfasl BT2 BBG The Trustees Ms M Hatfiekj Mr A O'Neill M5 K Smith M5 G MuUeen Mr M Lennox Mr P SrK)dderb Audhor FEB Chartered AccoLEntants Chartered accounlants & statutory auditor Linenhall Exchange 1 st Fk)or. 26 Lerall Slreet Bdfast Northem Ireland BT2 88G Bank•rs B8nk of Ireland 4.8 High Street Belfast BT12BA
CinemagiG Limited Company Limited by Guarantee Trustees. Annual Report (Incorporatlng the Director's Report) (cDThtlnu•dJ Year ended 31 March 2023 Stru¢ture, govornan¢e and management Clnernagic Limited Is consllluled as a company limlted by guafanlee and is 9overned by a Memorandum and Arllcles of Association. The Boanl of TTUSlee5 are respDnsli Jle for the strategic managernenl of the charity, The Board of Trustee5 and names of princlpd advisers are sel oul on page 1. The Board appoints all new truslees based on selection crileria. which ensures Ihal collectively 11 mpintalns a broad range of relevant skills and experieKe. An indu¢iion Pfogramme is offered lo all new truslees lo ensure that they are briefed on the charity's objects, 5trdte9y and activities. The Iruslees have Ihe overall resFrt)nsibllity for the syslem of inlemal control fly Ihe charity, whlch indudes ensuring Ihal there afe reasonable proCedUS in place lor the prevenlioD and detection of fraud and olhef irregularities. However. such a system can provide ority reasonable, bLFt nol absolule. assurance a98inst errors and fraud. Slgnificanl risks are hIlIghle for GonsKleralion and monitored by th8 Both, These include- - th8 nsk of cuts in fund9 beyorKI 2022-2023 funding agreemerts; and - the rlsk of lailing to build suffK4ent cash reserves: All major risks lo whlch the tharity is exposed, which hav8 bèen identifled by ihese piocedures. have bèèn raviewed. Syslems have been imp18mÈnt&d to miligale these risks and arè Continually dev8loped or enhanced. Risk a5sessmenl 15 carri9d out on an annual basis. FinanGial systems for setting, Gontrolling and monitoring budgets have been implementèd and are continually rrbonStorgd.
Cinemagic Limited Company Limited by Guarantee Trustees. Annual Report {Incorporating the Directorfs Report) (contlnuodj Year ended 31 MarGh 2023 ObJectlv¢s and activilie$ Clnemagic is managed by a Chlef Executive who reports to a Board of Dlreclors and as a charlly, Cinemagic's fundralsing model indijdes a comblnalion ot publlc funding. private sponsorship, and self-generaled income from evenl tlckel sales. Established in Belfast In 1989. durlng ihe 'Troubles', Cinernagic's aim was lo bring together young Catholic and Proleslent Children in a safe environmenl. where Ihey could meet each other, iearFI about their spectIve cullures, tradilions and develop new skllls and confidence. Cinemaglc believes Ihal lilm and ielevision provide more incluslve and accessible way8 to promote learnirv). molivalK)n. skls developrnent and slimulating ¢ross.community engagement among young people. D15cussion and interaction belvrfeÉn young peoplè from differeni backgrounds encourag8s and prDmot8s respect and facllllates shared educalion and leaming and social inlegration in a posilive way belw8en communitiés. Cinemagic has worked on numerous tommunily filmmaking projects over the lasl 33 years, wilh huThdrèds of schools on cross CA)mmunily poat8 and reconcilialion projocls and Ihe producllon of Norlhern Ireland's and Irèland's fwsl Chfislmas fÈalur8 film 'A Chrislmas Star, and in 2017, Cin8maglc's second feature film Gr8C8 and Golialh. The organisation is currènlly developing plans to produc6 ¢)ur 3rd fèatur8 film in 2024 which y11 involve the samè model, training young in lh6 Im industry and provldiTrJ skllls opportunities arnj pra11 experience working on a film sel. Cinernagic h8s developed a worldwide reputatlon for excellence in children'5 programming and Ir) creative and innovatlve approaches to strengthening and bulldiThg skills for Ihe future in creative Induslries. It is Gurrenlly Ihe largest film ovenl f(K young peOe in Ireland and Ihe UK, now atlraGling over 40,000 people annualty. To date CinefnagSc is focused on ihe cultural. social and educational benèfits Ihat film can bring to lackling poverty and social excltJ5ion and has focused Ihese values on all of Ils activitie5. Clnemagic delivets creative programmes whh address social excknsion arwj a5soGialed problems of bullylng. drugs, Other addictions, sectarianism - i.e., hard hitting issues that young people are dealing with daily, particularly in areas of social and economic disadvantage. The organisatson works wilh hundleds of schoo15 and comnunity groups al grass roots level throughout Northern Ireland, Ireland, and the USA. Building on this work the organtsation delivers cross conNllunity projects wthich engage wllh similar projects on an Intercontinental basis to Mng young people from across Ireland, and from varlous backgrounds and abilities. t(yJether with intemational peers to leam and share ideas. Cinernag aims lo develop skills ancl capabilities of the next generation of young people. particularly Ihose from disadvanlaged areas arxl bac*grounds. by exposlng Ihem lo 1ntern3tiong1 expertise to help develop skllls for tho future. Aton98id8 Ihis Iht organisation seéks to build F)owÈrful intMlèlioThaJ polillcal at)d corporate nelwofk8 Ihat can be leveraged to help to grow the creative irKluslries locally. n81ionally, and internatlonally and Scale up as oulslanding creative and inmvative approaches lo lackle povety and social 8xclusion, ethos is underpinnéd by Ihe bellgf thai experiencing frfm and encOLwaging fllmmaklng helps young people become critical thinker5, allow5 thèm to examlne the world around them and discover cultures beyond Ihelr own. Clnemagic programme& ate deslgned lo insplre, motivale, and edLKale young people, contribullng to their cullural, creative and personal developmgnt. CIneMag hosls annuak fllm f8stivals and programm8s in Belfast, Dublln, London, Boston. and Los Angeles. Over the last number of years ¢inemagic has twn proud to welcome guests such as Brian Cox. Danny Boyle, Sir Alan Parker. co1 Hanks. Math Kermode. Suranne Jones. Helen Mirren. Ralph Fiennes, Lindy Hemming, Stephen WarbeGk, The Henson Company, Roy Disney, Hamish Hatnllon, Dermol O'Leary. Saoirse Ronan, Liam Neeson and many more indusiry wofe55ionals to the festival where they have 9iven their time to Share knowledge and skills With young people.
Cinemagic Limited Company Limited by Guarantetr Trustees. Annual Report Ilncorporatlng the Directcrfs Rep¢)rt) (contlnug¢1) Year ended 31 March 2023 Clnemagic is Ihe only film feslival of S kind for young people in Northern Ireland and Ireland 11 is designed for and by young people. The Organisati conmues to be endorsed by government in Ihe North and South of Ireland for ils excellenl work in children's film education and its S¢xial outreach achievements. In 2019. Cinemagic won 8e5t Creative Business at Ihe 2019 Belfast 8uslness Awards. STRATEGIC OBJECTIVES Objective l . To be reGognized as the leathng chlldren's feslival In Ihe world. -Increase Cinemagic's awarenes5. P8rticipation. and audlence ligure5. -To Provide a festwal programme of cultuial. class, and nevi film screenings, education81 workshops, film d15cussions, masterclasses, ar¥J workshops. -To produce a rich and diverse festival film programme offerir¥J thoKe, accessibility for all and an increase in audience p8rticipation. -To monitor and evaluate the festival with larget audien parents. teachers elc. -To foffli an International link wllh other children's ffilm festivalsljuries and dtrIbutOrs. -To expand Ihe ClnemagK film jwy prOgrarn and Cinemaglc Young Film Maker as a significant national competition. -To further expand Ihe Cinemagic outreach and edUcatn prograrnfne throughout Nl. -To grow international Showcases. film making and training projects In USA and Middle Essl, expanding and developing new audiences and profile of Ihe tharbty internationally. Obj¢¢tive 2 - To give all young people from different b4ckground$ an opportunity lo leam and achleve new skllls and galn new experlences. .To provide opportunilios for childr8n Io vW and dI8$S a wid8r rangé of moving image malerlal such as world cinema and Independenvcultural cinema. .Consult educalors lo inform programming. .To annually have sevwal Cinemaglc ¢onsultanls jwy who inpul into the festival in programming and delivery. -To extend the prifflary and secondary S¢hoc4 111m edU10n evenl8 WItNn the festNal includlng targeling areas of social need. -Provide masler¢l?sses ts yourvJ peopk in filmrnakg. and to erQUrage young people lo particip8le ¢inemagic film maklng proiecls and consider careers in the ¢re?tive industries. -To encourage and support famity and community participalion in screenings and evenls. -To provide creative opporlunities for seclions of society who struggle lo attend events due to tinancial and geographical limllatlons. Oblectlve 3 - To d•valop new and innovatlve and onlitsè OPPOrtunIt$ that educate. In$plrn and mtstlvat• yoiin9 people throuyhotrt Northem Ireland. -To provide creauve opportunities for ALL yourvJ people. with special emphasis on those seclions of 50ciely WIK) slruggle lo attend even15 due to financial arKI geographical limitation5. -To increase Ihe Cinemagic outreach and education programme throughout Northem Ireland, -To develop Bnd rhaintain an annual Young Flm Makers Competition a5 part of the festival each year thal screens young people's work and reGognlses young taknt.
CinemagiG Limited Company Limited by Guarantee Trustees. Annual Report Ilncorporallng the Dlrectorfs Report) (coNtlnu•dJ Year ended 31 March 2023 Objective 4 - To be a financially secure and suslainable or9anlsation wllh a pmles5ional, competent, and motivated workforcé. -To secure funding from b)Ih puÈ4i¢ and Wtvate seclor. .To annually ii)cre8se box office. ClnemagK wlll be focuslng on devel¢)ping more partnerships with the business comfflunllles and privale sector, HOW OUR ACTIVITIES DELIVER PUBLIC BENEFtT cinernaC delivers educalional and outreach events thr(wghout Ihe year and with Ihousands of young people from very marginalised areas. CITl891c is a vehicle thIch can briNJ young people togelher Irfespeclive of Iheir race, colour economic baCkoroLd lo engage in inlercullural dialogue and bieak(iown barriers in a positive educational c(eative 8t)vironment. ClnemagiG projects nol only develops yDung people's confidenc8, skills, perspedives but helps ho Ihey conlrlbutÈ to Iheir communilies and those around them. Cinemagic can lacilital8 cullural exchange botween young people from differenl communitles and counlrles and provide uniqu opportunilies inspiring and supporting eniry into the film and lelovision séctors and the widw creat InduslftÈs. Cinemagi¢ focus@s on developing personal skdls arKI assisting In firKling ways for young people to gain valuable training and assist with closing the skills gaps which currently exisl in Northem Ireland, Cinemagic 15 a model of eXCelen irb Using the creative indLLslries to inspire Sla[ and ecorMiC change. We believe Ihat Cinemagic h8s a role to play in helping Northem IrelaTKI build 8 pe8celul. fair and prosperous society. which promotes equal opwrtunilies and lackles social exclusion for young people from areas of extreme dlsadvantage.
Cinemagic Limited Company Limited by Guarantee Trustees. Annual Report (Incorporaling the Dlrectorfs Report) (ctmtlnugdj Year ended 31 MarGh 2023 Achievements and performance Now in ils 33rd year, Clnemaw is an award winning intem81ional children's charlty that Inspifes, educates and empowers young people through the medium of film and lelevislon. We run Europe's largest children's rim festival wllh ambitions to become the lar9est Chlldien's Film Feslival of its klnd. Founded in 1989, Cinemagic has touched the live5 of more Ihan 500,000 young people at home and abroad. The majority of young people we work wilh are from marginalised or disadvaniaged backgrourKts, We direclly lou¢h the lives of rrtorè than 40,000 young poople artsund the world Èach yèar with plans lo Irr8ase Ihal ligure subsknwlially ovèr the nexl tree yÉar&. The point of Ir cultural outreach 15 'Festival' but in recent year5 we have expanded our core product lo include differelll layers of outreach social, educational and vocational. This activity 15 delivered primarily through educational progr3mmes. industry led initiatives and community based projects. Clnem*3ic'8 impacl on the INes and cullural wellbeiNJ cl individu81s and communitie8 18 prolound. Our mission statement ts to ignite Ihe passi( and potenlial of young people Ihrough the maglc of moving image and our ptsrpose to creale WOW through experience. Our legacy will have been lo 'change the lens Ihfough whlch y(ry people see themselves and their surroundlngs,. KEY ACHIEVEMENTS o Cinemaglc recently won 8est Creallvg Busine55 in the 2019 Belfast Busine55 Awards o In March 2019 Cinemagic was Honoured to t selecied and vlslted by The Duke and Duchess of CambrKlge lo Honour the work of Ihe charity- o Cin&ma9ic Is recognised for ils at#'lily to engage wilh young people. lo slimulktè dlscussion on Soclal issues and Lo inspire and encouragè childrèn and young people io Ihrive and be fully engad it) Ihe social and economic lifè ol their communily. Cin8magiG delivers ¢xèativ& programmes which address social Èxclusion and asso¢iatÈd problems ol t4Jllying, drugs, cthef addicUot)s, seclarianism i.e. hard hitting issuÈs Ihal young poopl8 are d8allng wilh a daily basis, parlicularly In arèas of social and aC0M1¢ dlsadvanlage. All Cinemagic activity such as SCreeng5. workshops. mastercla55es and filrn carryis provides compliMenry places to young people from areas of social and ecDnornic disadvantage. CinerTragic also proactively works with youn9 people wilh various levels of disability. Cinemagic proacttvely targets young people aged 4 25 who would not normally have an opportunily to access creative initiatives that can buad confidence and enhance learning. Cinemagic aclDvilies also have a strorwJ Intergeneratlortsl Social Indu5ion focLts. Cinemaglc supports eqLtallty of opportunity for young people Irom dlsadvanta9ed areag and backgrounds by providing opportunilies lo learn Irom leading film and lelevision professionals through Ihe feslival education programme. The organisallon works with Mjndfeds of schwls and community groups at a very grass rc4)ts Ve1 Ihroughout Northem Ireland, D ClngmagiG supports delivery of FILMCLUB Northem Ireland. This 15 largeled at the Extended Schools (ES) programme. which involvès schods servlhg areas of Ihe highèst stscial deprivaliott. Ovèr lh& lasl 3 y8ars Cirt&maglc has Èrtgagèd with 168 ES schools. Th8 ES programmè aims lo imprt)Vè lèvÈl8 of èducaliortr81 achlevemenl artd thè longer lenn Ilfè chances of disaifvanlaged childr8n and young pÈople by provNJing th8 necessary addillonal 8UPFth vthich can enable those chlldren to reach
Cinemagic Limited Company Limlted by Guaranteo Trustees. Annual Report (Incorporating the Director's Report) (contlnu•dJ Year ended 31 MarGh 2023 IF*ir lull potential. The ES programm provKles for a wide range of servres or activiles outside of Ihe normal school day lo help meet the needs ol wpils. their families and Ial communities. Flnanclal rovlew Results for the year ended 31 March 2023 are given in the Stalement of Flnanclal Activities on page 14. The assets and liabilities as al 31 MaFch 2023 are given on the Siatemenl of Flnancial P05iliDn on page 15. The financial statements should be read in conjunction wilh their felated nDtes. which appear on pages 16 10 24. In summary: total Incoming resources increased by 3.16°A {2022= increase of 14.03%> to £630,204 (2022: £610.902) tolal resources expende(J IrKreased by 0.22Y. (2022.. ir[eaSe of 36,16%) to £611,86B <2022: £610.5551 - net surplus for the year ork restrided fuTKls was £18.336 (2022.. net surplus of £347} The ch8rity's key funders In 2022r23 were Northem Ireland Screen lerujmpassing After School Film Club) and Belfast City Council currently contribule funding towards ils core activities with additional major funders of Skillset. BFI, BKJ Lottery. Ignite. Arts Council. Hart)our CornmlsslerS & Creative Industries & Digital Technologies Fund providing major fun(ling for 0th8r specifK proj8cls undertaken by Cinemagic Lirnited. DESIGNATED RESERVES The 8oard has eXarned Ihe charivs requlrerrents for reserves in light ol the main ris1(5 to the organisalion. 11 has established a policy whereby the unreslricled fvnds wl committed or irwesled in langible r)xed assets held by the charity shId be between 3 and 6 moTrlhs of Ihe expendituie. The reserves are needed lo meet the workirnj capital requir8ments of the ChltY aThJ the Board are nfidenl Ihal at Ihe level agr8ed Ihey would be able to c()nllnue the turr8nl aclivitiès of the Charily in Ihe èvénl ol a significar)t dr(y In funding. The present level of reserves avallable to the charity faus over the 3-rnonth target level. The strategy Is to contsnue to buld reserves Ihrough planlled operating surpluses.
Cinemagic Limited Company Limited by Guaranteè Trustees. Annual Report {Incorporating the Dlrector's Report) (contlnu4d] Year ended 31 March 2023 Plans for futuro periods KEY STRATEGIC GOALS STRATEGIC TARGETS for 2023 Please note new 131gets will be set for 2024 and 2025 as Ihe environmenVGovernrrbent legi51alSon start5 to 8volve. -SeGure funding of £600.0 In 2024, to enatAe CinernagG to deliver all prcieGts. -In 2023, w8 aim to producè a rich and divèrsè festival prograrhme; Incrèaslng engagÈm6nt wilh schoo15 ahd communitips by 5D/a per year. -The 2023 Cinemag¢c B8lfasl FAM and Television féstival will Ild8 a miniff1rn of 216 8vèniS that will provlde an even bigger platfomi for lèarning arnj dtsvelopmenl. -To develop Ihe Young Consullant5 programFnin9 panel, Cinemagic Film Jury programme, BFI Fllm Academy and additional outreach programm6s and ptojecls, growing audiance pa(Iicipalion by pè¥ year. -Grow Ihe Young Film Maker Comp6lltion. 'On The Pulsé. inlo a stand alonè Évèftl which happens &% a separate lim8 of Ihè yÈar lo Ihe f881ival, sècuring over 600 èntrlès per year. The objecliv68 is10 9row Ihe eyehl 'On lh8 Pulsé. inlo an annual Cultural and fikn making tompekn'uon and lestival whlch allract8 hundreds of local and int8rnational parlicipanls each year. .To deliver 2 inleTnalion81 film making projects per year. -To develop the Cinemagic Alumni network and a framework for peer to peer learning, that supports wider industry talert development. -To grow Inding1spoTQrshIp revenues by al leasl 5% over the next 3 years -To deliver minimum x 5 short Illmslbehind the scenes documentaries per year -To deliver one Feature Film Production belween 2Q23 - 2025 International Gmwth Dellvering irbternalionaS 8ducallDnal filrn and Iraining projects this klnd will happen on an annual basis.
Cinemagic Limited Company Limited by Guaranteo Trustees. Annual Report Ilncorporaling the Directorfs Report) (contlnu•dJ Year ended 31 MarGh 2023 Trustoes, responslbilitie5 Statement The truslees, who are also direGtors for Ihe purpose5 of company law, are responsible for preparlng the trustees. report and the financlal statements in accordance wilh applicable law and Unlted Kingdom Accounting Standards (Uryted Kingdom Generally Accepted Accounting Practice). Company law requlres the chadly truslees tQ Prepare finan(ial slalemenls for each year whFch give a Irue and lair vlew of the slate of affa¥s of the Charilablg compariy and the incornlng resources and appllcation of resources, including income and experKlilure. lor Ihal period. In preparifig these financlal st8l8rnehts, Ihe trustees we rÈquirÉd to: Select suitable accounting policte5 and then apply them consistenlly. Obse8 lh8 methDdS and principlos In the applicat4e char8S SORP.- make Judgments and accounting 851imates thal are reasorRble arKI prudent: prepare the Inancial slatements on Ihe goiry concern basis unless l is inapproprlate lo presum? Ihal Ihe charity will coTrtinue in business. The trustees aro responsbi le for kwng adequalè accounling r•rdS Ihal arè Suff1&nI io show and éxplaln the charity's transactiorts and disdosè Wilh reasonable accuracy at any lime Ihe financial Position of the chÈrily and ettable them lo 6nsure Ihal th8 financial slalem8fbls comply wilh ihe Componies Acl 2006. They are also responsible for safeguarding thÉ assets of the charity and henca lor taking reasonable epS for the wevenik)n and detethion of Iraud and other wregularili6S. Audhor Each of ihe persons who is 8 Irust88 al the daté of approval of trtis report confwms that.. so far a5 Ihey are aw31e. there is no relevant aLKlit 1nfotmat1 of which the Ch1t1$ audilor Is unaware; and Ihey have taken all steps thal they oughl to have taken as a Irustee to make themselves aware of any relevant audit informalK and to estsbiish that Ihe charitys audilor is aware of lha¢ informalion. Th8 audllol is d88m8d to have been re.appoiftlèd In ac(dance with seclion 487 of the companles Act 2006. Small company provision5 This report has beeri yepared aOrdanCe V•lth the pr¢wisb)ns applicable to companies entstled to Ihe small companies exempln. Th8 Iiu8t8es' annual report was approved on 14 D6c8mber 2023 and signÈd on behaf of thé board of Iru#ièès by". Ms M Haffi8ld Trustee