COMPANY REGISTRATION NUMBER: N1033497 CHARITY REGISTRATION NUMBER: XR28542 Cinemagic Limited Company Limited by Guarantee Financial Statements 31 March 2025 FEB CHARTERED ACCOUNTANTS Chartered accountants & statutory auditor Linenhall Exchange 1 st Floor, 26 Linenhall Street Belfast Northem Ireland BT2 8BG
Cinemagic Limited Company Limited by Guarantee Financial Statements Year ended 31 March 2025 Page Trustees, annual report (incorporating the directoff s report) Independent auditorfs report to the members statement of financial activities (including income and expenditure account) Statement of financial position 12 16 17 Notes to the financial statements 18
Cinemagic Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 March 2025 The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 March 2025. Reference and administrative details Reglstered charity name Cinemagic Limited Charity registration number Company registration number N1033497 Principal office and registered clo FEB Chartered Accountants office Linenhall Exchange 26 Linenhall Street Belfast BT2 8BG XR28542 The trustees Ms M Haffield Mr A O'Neill Ms K Smith Ms G Mulqueen Mr M Lennox Mr P Snodden Audltor FEB Chartered Accountants Chartered accountants & statutory auditor Linenhall Exchange 1 st Floor, 26 Linenhall Street Belfast Northem Ireland BT2 8BG Bankers Bank of Ireland 4-8 High Street Belfast BT12BA
Cinemagic Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (conllnued) Year ended 31 March 2025 Structure, governance and management Cinemagic Limited is constituted as a company limited by guarantee and is governed by a Memorandum and Articles of Association. The Board of Twstees are responsible for the strategic management of the charity. The Board of Trustees and names of principal advisers are set out on page 1. The Board appoints all new trustees based on selection criteria, which ensures that collectively it maintains a broad range of relevant skills and experience. An induction programme is offered to all new trustees to ensure that they are briefed on the chanty's objects, strategy and activities. The trustees have the overall responsibilty for the system of intemal control for the charity, which includes ensuring that there are reasonable procedures in place for the prevention and detection of fraud and other irregularities. However, such a system can provide onty reasonable, but not absolute, assurance against errors and fraud. Significant risks are highlighted for consideration and monitored by the Board. These include: the risk of cuts in funding beyond 2024-2025 funding agreements- and the risk of failing to build sufficient cash reserves; All major risks to which the charty is exposed, which have been identrfied by these procedures, have been reviewed. Systems have been implemented to mitigate these risks and are continually developed or enhanced. Risk assessment is carried out on an annual basis. Financial systems for setting, controlling and monitoring budgets have been implemented and are continually monitored. Summary Cinemagic is an award-winning Belfast based international SucsS story, which inspires young people through the medium of film and creative technologies. The charity has been a catalyst for creative and cultural enrichment, touching the lives of hundreds of thousands of young people around the world. The organisation maximises the impact and reach of film, television, and digital technologies to educate, motivate, and inspire children and young people. Now in its 36th year, Cinemagic is currently the largest film event for young people in Northern Ireland, Ireland, and the UK. Every year over 40,000 young people (aged 4-25) participate in Cinemagic events in BeWast, Dublin, and Los Angeles,. we have also recently expanded our work into the Middle East beginning with a successful training programme in Jordan, an initiative that brought Cinemagic to the world stage at the United Nations in March 2023. The core and Flagship Cinemagic festival is based in BeaSt. A Cty that is now a world leader in Film and TV production. Cinemagic uses the medium of educalional and practical workshops, film screenings and industry led masterclasses, to help young people unlock their creativity and ambitions. This in turn plays a crucial role in tackling poverty, providing social and educational opportunities, increasing employment opportunities, and growing the creative industries, all of which are necessary into creating a stiving economy in Northern Ireland. Three decades of cultural programming, educating audiences, attracting industry professionals and leaders, and showcasing Belfast around the world, clearly demonstrate5 the organisation's commitment to elevating Belfast within the global creative economy.
Cinemagic Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Reporty (conllnuedj Year ended 31 March 2025 Summary (conllnued) We are immensely proud of our cultural contribution to the diverse communities in which we operate throughout Belfast and look forward to continuing our flourishing relationship5. Cultural engagement is vital to addressing issues of social exclusion, health and education, tourism, and the economy. Our ethos. which remains strong for 2026 and beyond is underpinned by the belief that experiencing film and encouraging filmmaking help5 young people become critical thinkers, allows them lo examine the world around them and discover cultures beyond their own. Cinemagic programmes are designed to inspire, motivate and educate young people, while contributing to their cultural, creative and personal development. Our work is inspiring and educational, and it offers a vehicle to enhance the underslanding of the lives of olhers, both at home and across the globe, which is vital in building inclusive communities. Cinemagic's ethos is woven throughout everything we deliver, and audience development is a key focus for us to grow the organisation and work with young people from diverse backgrounds through the unifying force of film. We take pride in showcasing Cinemagic as a global player in the creative industries. We can proudly say that Y have accomplished each goal we have set to positively impacl the wellbeing of our society, enabling young people and communities to work together at a grass roots level to fulfil their potential and develop lifelong skills which in turn lead to employmenl. We believe now, more than ever, that our work is vital, valuable, and in high demand from all our audiences. We lake pride in showcasing Cinemagic as a global player in the creative industries and in the world of cultural diplomacy. Over the last 36 years we have successfully brought together young people from different communities within Northern Ireland, we have pioneered cross border projects, we have opened the American film industry to our young people in Nl and brought Cinemagic's unique skillset and ideals to young people in various parts of the world. Cinemagic aims to continue to build intemational cultural and professional strategic partnerships for Belfast and other international cities. One of our recent challenges was to execute our first programme in the Middle East. We partnered with the Royal Hashemite Kingdom of Jordan, mindful of their fasl-emerging film industry as they host thousands of displaced young people who have fled violence and conflict in neighbouring countries. Cinemagic partnered wth Amman based intemational NGO 'Generations for Peace, and were supported by the Irish Department of Foreign affairs. Our first project Abia tackled the powerful subject of gender-based violence. The film was screened at the United Nations in New York to mark International Women's Day. Shot and produced in Arabic Abia won Best British Short Film in a foreign language. At additional screenings in Los Angeles - Cinemagic was awarded a Certificate of Appreciation on behalf of the City of LA at the Consulate General of Mexico for raising awareness around gender-based violence through the film. Throughout its 36 years Cinemagic has consistently featured social issues chosen by and important to the young people we train. In the last 22 months alone. Cinemagic ha5 produced 22 short films and behind the scenes documentarie5.
Cinemagic Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (contlnued) Year ended 31 March 2025 Summary {¢ontinued) Cinemagic was Commissioned by the British Consulale in LA lo produce an Environmental Film in 2022. 'Heaven on Earth,, was produced by young people living in a challenging district of Los Angeles, and focused on how Glimate change impacts their lives. 'So What If It Rains, was produced in Belfast to mark the 25th Anniversary of The Good Friday Agreement and was screened in London at a joint event hosted by the UK Foreign Office and the Ireland's London Embassy. Cinemagic's track record shows that we not only provide practical training for young people - but thal our work has gained an important role in global cuttural diplomacy and in global peace-making. During the Cinemagic LA 2023 festival we received Certrficates of Recognition from Calrfomia State Senator Steven Bradford to celebrate the organisation's ability to motivate young people Ihrou9h film and the arts and commended our achievements in creating opportunities through festivals, film production. training, and outreach Programmes. The above accolades and accomplishments reflect posilivety on Belfast across global international press and political relationships which the charity is developing. As well as growing our foolprint regionally in Northem Ireland and Ireland, over the next 3 years we aim to build upon relationships and projects in New York, Boston, and Nashville, as well as growing our established festivals and film projecls in Los Angeles and the Middle East and Barbados. Our most recent festival in Belfast was a resounding success wth over 200 film events for young people and school children. The festival attracted many worfdwide industry professionals and visitors to the City. Please see the link to the promo video htt s'.11 outu.belGLbNi07 ZnE Cinemagic Vision: To inspire. educate and motivate young people through the medium of film and television. Cinemagic Mission.. To maximise the impact and reach of film, television, and digital technologies to inspire, educate, and motivate young people under 25. including those from disadvantaged areas and all backgrounds, through the medium of film s¢reenings, film education workshops and industry led masterclasses, the festival nurtures emerging talent. enhances media literacy, and connects global communities. Cinemagic provides young people wtth a platform to share and tell their stories, create awareness on issues young people are passionate about, and promote action which can inspire change. Cinemagic Values= Inspire.. Empowering and challenging young people to change and design the lens Ihrough which they see life and believe in themselves. fostering creativity, cultural understanding, and opportunities for the next generation of storytellers. Educate.. Harnessing Greativity and the medium of film to help young people leam and realise their potential. Empower and Motivate.. Encouraging children and young people to seize creative opportunities for personal growth and career development. Cinemagic deliver5 against this mission through a number of ways= The Cinemagic Belfast Film FestNal is the largest film festival for Children, Families and Young People in the UK and Ireland. Now entering its 36th year and typically taking place each October, the festival provides a month-long programme made-up of film screenings, workshops, Q&As, masterclasses, film juries and film education events. The programme is split into three main sections public film screenings, public workshops & masterclasses (focused on skills development), and education events for schools and colleges. The festival seeks to promote and celebrate a diverse and varied range of international films and film related opportunities, providing young audiences a high quality of film Choice and access to new independent world cinema.
Cinemagic Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2025 Objectives and activities The annual Cinemagic "On The Pulse" Festival celebrates and showcases short films. Taking place in March and targeted at children, families, schools, young adv$ and young filmmakers, the programme includes films and film review programmes, masterclasses and Q&A opportunities for aspiring film, television and media creators. A collection of films from the Cinemagi¢ Young Filmmaker Competrtion are exhibited along with contemporary international short films. Young People have the opportunity to participate in workshops, tutorials and talks covering many aspects of the filmmaking process, illustrating the importance of short filmmaking in the development of practical skills and sustainable careers in the creative industries. Throughout the year a Key Stage 3 programme is delivered by Cinemagic in up to 10 post-primary schools in Northern Ireland. The aim of the project is to encourage young people to Gonsider Moving Image Art as a GCSE and to provide them with an insight to the careers available post education. Workshops and masterclasses are delivered erther face-to-face in schools or online by local screen industry professionals. A 4-week Scratch animation programme was delivered by Cinemagic to 6 Special Educational Needs Schools in 2024-25. Working alongside a digital artist, wotk5hops will be delivered in schools to young people and coordinated with the school SEN Co-ordinator. Cinemagic also offers a free access section to the festival programmes to cater for individuals and communities that would not otherwise be able to afford to attend the film. To support local Foodbanks, Cinemagic has dedicated film screenings working in partnership with the TrusselS Trust. Instead of paying for a regular licket to a film screening, audiences are asked to donate an essential item on the day as identified by the Food Bank. CCEA Cinemagic have produced resources for CCEA for the last 7 years. Cinemagic produce short films that are reflective of issues that are being taught in the curriculum. Thi5 partnership works incredibly well as CCEA have the expertise in the writing the resources and our scriptsl short films bring these to light. Much of our feedback from teachers will refer to how we allow them to bring those more challenging issues into the classroom and discuss them with confidence. We recently produced resources around Period Dignity and Consent. These are live on the CCEA website and used by teachers alongside educational resources designed by CCEA. You can view examples of our work on CCEA'S website on their Active Citizenship with Drama page learnin esour5 active-citizenshi usin -film-and-drama#:N:t CCE hted % 20to % 20 rovide cheft)/o uidan ° 020bookl ea.or AO/o20are % 20de SEN Educational Programmes Cinemagic completed the delivery of 6 Scratch Animation academies throughout 2024-25. The young people learned the following skills.. Using technology (IPADS) New applications Confidence Skills - How to work as a "crevl, Deadlines
Cinemagic Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (contlnued) Year ended 31 March 2025 Objectives and activities (conunu SEN Educational Programmes (contlnued) Communication Skills In 2025-26 we are delivering an ASDAN qualIfallOn in Creative Expressive Arts. Using ipads again the youn9 Students are learning various apps whilst also gaining an accreditation. Interest in these types of programmes is increasing and out aim is to extend this offering to more schools in 2026-2027. Cinemagic is managed by a Chief Executive who reports to a Board of Directors and as a charity, Cinemagic's fundraising model includes a combination of public funding, private sponsorship, and self-generated income from event ticket sales. Established in Belfast in 1989, during the 'Troubles', Cinemagic's aim was to bring together young Catholic and Protestant Children in a safe environment, where they could meet each other. learn about their respective cultures and traditions and develop new skills and confidence. Cinemagic believes that film and television provide more inclusive and accessible ways to promote learning, motivation, skills development and stimulating cross<ommunity engagement among young people. Discussion and interaction between young people from different backgrounds encourages and promotes respect and facilitates shared education and learning and social integration in a positive way between communities. Cinemagic has worked on numerous communty filmmaking projects over the last 36 years, with hundreds of schools on cross communty peace and reconciliation projects and the production of Northern Ireland's and Ireland's first Christmas feature film 'A Christmas Star, and in 2017, Cinemagic's second feature film Grace and Goliath. The organisation currentty develops film training projects and educational outreach films throughout Northern Ireland, Ireland, LA and Middles East, providing skills opportunities and practical experience working on film sets. Cinemagic has developed a worldwide reputation for excellence in children's programming and in creative and innovative approaches to strengthening and building skills for the future in creative industries. It is currently the largest film event for young people in Ireland and the UK, now attracting over 40,000 people annually. To date Cinemagic is focused on the cultural, social and educational benefits that film can bring to tackling poverty and social exclusion and has focused these values on all of its activities. Cinemagic delivers creative programmes which address social exclusion and associated problems of bU11ng, 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 organisation works with hundreds of schools and communty groups at grass roots level throughout Northern Ireland, Ireland, and the USA. Building on this work the organisation delivers cross community projects which engage with similar projects on an intercontinental basis lo bring young people from across Ireland, and from various backgrounds and abilities, together with intemational peers to leam and share ideas. Cinemagic aims to develop the skills and capabilities of the next generation of young people, particularly those from disadvantaged areas and backgrounds, by exposing them to intemational expertise to help develop skills for the future. Alongside this the organisation seeks to build pcr*verful intemational political and corporate neOrkS that can be leveraged to help to grow the creatrve industries locally, nationally, and internationally and scale up as outstanding creative and innovative approaches to tackle poverty and social exclusion. Our ethos is underpinned by the belief that experiencing film and encouraging filmmaking helps young people become critical thinkers, allows them to examine the world around them and discover cultures beyond their own. Cinemagic programmes are designed to inspire, motivate, and educate young people, contributing to their cultural, creative and personal development. Cinemagic hosts annual film festivals and programmes in Belfast, Dublin, London, Boston, and Los Angeles.
Cinemagic Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (contlnu•d) Year ended 31 March 2025 Objectives and activlties (continu Over the last number of years Cinemagic has been proud to welcome guests such as Brian Cox, Danny Boyle, Sir Alan Parker, Colin Hanks, Mark Kennode. Suranne Jones. Helen Mirren, Ralph Fiennes, Lindy Hemming, Danny Boyle, Stephen Warbeck, The Henson Company, Roy Disney. Hamish Hamilton, Dermot O'Leary, Saoirse Ronan, Liam Neeson and many more industry professionals to the festival where they have given their time to share knowledge and skills with young people. HOW OUR ACTIVITIES DELIVER PUBLIC BENEFIT Cinemagic delivers educational and outreach events throughout the year and with thousands of young people from very marginalised area5. Cinemagic is a vehicle which can bring young people together irrespective of their race, colour or economic background to engage in intercultural dialogue and breakdown barriers in a positive and educational creative environment. Cinemagic projects not only develops young people's confidence. skills, perspectives but helps how they contribute to their communities and those around them. Cinemagic can facilitate cultural exchange betsveen young people from drfferent communbties and countries and provide unique opportunities inspiring and supporting entry into the film and television sectors and the wider creative industries. Cinemagic focuses on developing personal skills and assisting in finding ways for young people to gain valuable training and assist with closing the skills gaps which currently exist in Northern Ireland. Cinemagic is a model of excellence in using the creative industries to inspire social and economic change. We believe that Cinemagic has a role to play in helping Norlhem Ireland build a peaceful, fair and prosperous society, which promotes equal opportunities and tackles social exclusion for young people from areas of extreme disadvantage. Achievements and performance Now in its 36th year, Cinemagic is an award-winning intemational children's charity that inspires, educates and empowers young people through the medium of film and television. We run Europe's largest children's film festival with ambitions to become the largest Children's Film Festival of its kind. Founded in 1989, Cinemagic has touGhed the Irves of more than 500.000 young people at home and abroad. The majority of young people we work with are from marginalised or disadvantaged backgrounds. We directly touch the lives of more than 40,000 young people around the world each year wrth plans to increase that figure substantially over the next three years. The focal point of our cultural outreach is 'Festival' but in recent years we have expanded our core product to include different layers of outreach social, educational and vocational. This activity is delivered primarily through educational programmes, industry led initiatives and community-based projects. Cinemagic's impact on the lives and cuttural wellbeing of indsviduals and communities is profound. Our mission statement is to ignite the passion and potential of young people through the magic of moving image and our purpose to create WOW through experience. Our legacy will have been to 'change the lens through which young people see themselves and their surroundings,.
Cinemagic Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (contlnu Year ended 31 March 2025 KEY ACHIEVEMENTS o Cinemagic recently won Best Creative Business in the 2019 Betfast Business Awards o In March 2019 Cinemagic was Honoured to be selected and visited by The Duke and Duchess of Cambridge to Honour the work of the charty. o Cinemagic is recognised for its ability to engage with young people, to stimulate discussion on social issues and to inspire and encourage children and young people to thrive and be fully engaged in the social and economic life of their community. Cinemagic delivers creative programme5 which address social exclusion and associated problems of bullying, drugs, other addictions, sectarianism hard-hitting issues that young people are dealing wrth on a daiw basis, particularty in areas of social and economic disadvantage. o All Cinemagic activity such as screenings. workshops, masterclasses and film camps provide complimentary places to young people from areas of social and economic disadvantage. Cinemagic also proactively works with young people with various levels of disabilty. o Cinemagic proactively targets young people aged 4 25 who would not normally have an opportunity to access creative inilialives that can build confidence and enhance learning. Cinemagic activities also have a strong Intergenerational Social Inclusion focus. o Cinemagic supports equalty of opportunty for young people from disadvantaged areas and backgrounds by providing opportunities to leam from leading film and television professionals through the festival education programme. The organisation works with hundreds of schools and community groups at a very grass roots level throughout Northern Ireland. Financial review Results for the year ended 31 March 2025 are given in the Statement of Financial Acttvities on page 16. The assets and liabilities as at 31 March 2025 are given on the Statement of Financial Position on page 17. The financial statements should be read in conjunction with their related notes, which appear on pages 18 to 28. In summary.. total incoming resources increased by 0.460/0 (2024: decrease of 3.310/0) to £612,182 (2024.. £609,364) total resources expended increased by 0.61f/*o (2024.. decrease of 0.75%) to £611,024 (2024: £607,293) net surplus for the year on restricted funds was £1.158 (2024 £2,071) The charity's key funders in 2024125 were Northem Ireland Screen and Belfast City Council currently contribute funding towards its core activities with additional major funders of Department for Justice, Skillset, BFI, Bank of Ireland, Big Lottery. Ignite, Arts Council, Community Art Foundation & Creative Industries & Digital Technologies Fund providing major funding for other specific projects undertaken by Cinemagic Limited.
Cinemagic Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2025 DESIGNATED RESERVES The Board has examined the charty's requirements for reserves in light of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be befvrfeen 3 and 6 months of the expenditure. The reserves are needed to meet the working capital requirements of the charity and the Board are confident that at the level agreed they would be able to continue the current activities of the charity in the event of a significant drop in funding. The present level of reserves available to the charty falls just over the 3 month target level. The strategy is to Gontinue to build reserves through planned operating surpluses. Plans for future periods KEY STRATEGIC GOALS Strategic Targets for 2026: Secure minimum of increased 5°h funding in 2026, to enable Cinemagic to deliver all projects. In 2026, we aim to produce a rich and diverse festival programme. increasing engagement with schools and communities by 50/0 per year. The 2026 Cinemagic Belfast Film and Television festival will include a minimum of 120 events that will provide an even bigger platfomi for learning and development. To develop the Young Consultants programming panel, Cinemagic Film Jury programme, BFI Film Academy and additional outreach programmes and projects, growing audience participation by 5 % per year. Grow the Young Film Maker Competition, 'On The Pulse, into a standalone event which happens as separate time of the year to the festival. securing over 650 entries per year. The objective is to grow the event, 'On the Pulse,, into an annual cultural and film making competition and festival which attracts hundreds of local and international participants each year. - To deliver 2 intemational film making projects per year. To develop the Cinemagic Alumni network and a framework for peer-ttrpeer learning, that supports wider irsdustry talent development. To deliver minimum x S short filmslbehind the sneS documentaries per year. CINEMAGIC AIMS AND OBJECTIVES 2026- 2028 The aims and objectives of Cinema9i¢ are as follows.. Alm 1- To be recognlzed intemationally as a leadlng young people's film festival. 1. To Cowdesign a culluralty diverse annual festival programme with and for young people. 2. To develop and maintain strategic partnerships in the UK and Ireland, USA and Middle East, with showcases lo highlight the work of the charity. 3. Increase Cinemagic's awareness, participation, and audience figures of 40,000 young people a year to50/0 on an annual basis. For the festival month of October, we aim to grow this by 5/0 per year, so in 2025 to 15,049, 2026 to 15,801, 2027 to 16,591, 2028 to 17, 420. 4. To monitor media and marketing activities to evidence the engagement and reach of festival activities. 5. To gather information from festival participants that shows the impact and outcomes that the festival has achieved, including through case studies and festival alumni success stories. 6. Strengthen partnerships with international festNals. 7. Launch Cinemagic Exchange Residencies, enabling young people to collaborate across borders. 8. Curale Country-in-Focus showcases, lebrating global diversity.
Cinemagic Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (conllnugd) Year ended 31 March 2025 CINEMAGIC AIMS AND OBJECTIVES 2026 - 2028 (contlnu¢d) Aim 2 - To give young people from all backgrounds an opportunity to access and engage with 1. To offer a programme of activities that are accessible to all seCtnS of society, including free to access opportunities. 2. To target outreach activities in area5 that have been identified as being socio-eGonomically disadvantaged or that have been harder to reach in the past, including rural areas. 3. To prioritise groups that have been traditionally underrepresented in the screen industries, including young people, women, minorty ethnic, disabilty and those that have not had the opportunity to engage in screen as a part of their leaming. 4. To raise awareness amongst young audiences of current societal issues through film, including providing support to local Food Banks. S. Provide subsidisedlfree access for disadvantaged communities. 6. Increase representation in programming and guest speakers across gender, race, class, disability. 7. Ensure mental health and wellbeing support for participants. 8. Develop accessibility measures.. captioning, sign language, sensory-friendly screenings. Aim 3 To utilise film to educate, inspire and motivate young people, infomiing their career progression. 1. To provide a comprehensive programme of educational worf(shops, film discussions, and industry masterclasses that will enhance opportunities for young people to experience and learn about film. 2. To develop skills that contribute to future education routes and enhance potential employability prospects. 3. To increase access to hands-on filmmaking training and insights from industry professionals from companies across screen industry sectors. 4. To raise the aspirations of young people as to what they can achieve in their future careers in the screen seclors. 5. To increase awareness of job roles available in the 5 priorty screen sectors in Nl. Aim 4- To produce highquality festival film programming for young people that celebrates fllm culture. 1. To organise annual festival programmes that exhibrt the cultural aspects of screen, providing opporlunities to view diverse and exclusive film content, both international and home grown. 2. To provide opportunities for young people to curate a cultural film programme as Young Consultants. 3. To provide opportunities for young people to view and discuss a wider range of moving image material, including as Young Jury Members. 4. To deliver a Young Film Makers competition each year, screening films made by young people celebrating and nurturing young filmmaking talent. 5. To engage with a range of stakeholders (distributors, exhibition venues, community groups, charities, media, etc.) to develop and deliver a diverse and accessible festival programme. Aim S - To be a financially secure and sustainable organisation with a professional, competent and motivated workforce. 1. To secure funding from both public and private sector sources to ensure Cinemagic remains viable. 2. To increase annual box office by 5°/.. 3. To provide opportunities for staff development through training in areas such as funding, sponsorship, exhibition, marketing and production. 4. To support staff through the delivery of periodi¢ appraisals. 10
Cinemagic Limited Company Limited by Guarantee Trustees. Annual Report {Incorporating the Director's Report) (continu) Year ended 31 March 2025 Truste8s' responsibilitles statement The trustees, who are also directors for the purposes of Company law, are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expendiiure, for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently. observe the methods and principles in the applicable Charities SORP., make judgmenls and accounting estimates that are reasonable and prudent., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Auditor Each of the persons who is a trustee at the date of approval of this report confimis that: so far as they are aware, there is no relevant audit infomiation of which the charty's auditor is unaware., and they have taken all steps that they ought to have taken a5 a trustee to make themselves aware of any relevant audit infomiation and to establish that the charity's auditor is aware of that information. The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006. Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees, annual report was approved on 11 December 2025 and signed on beha of the board of trustees by.. Mlchelle Hatfield (Dec 23. 2025 15:15:24 GMT) Ms M Hatfield Trustee 11
Cinemagic Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Cinemagic Limited Year ended 31 March 2025 Opinlon We have audited the financial statemenls of Cinemagic Limsted (the 'charity') for the year ended 31 March 2025 which comprise the statement of financial a¢tivities (including income and expenditure account), statement of financial position and the related notes, including a summary of significant accounling policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting standard applicable in the UK and Republi¢ of Ireland (United Kingdom Generally Accepted Accounling Praclice). In our opinion the financial statements: give a true and fair view of the state of the charity's affairs as at 31 MarGh 2025 and of its incoming resoLtrces and application of resources. including its income and expenditure, for the year then ended., have been properly prepared in accordance with Unkted Kingdom Generally Accepted Accounting Practice. have been prepared in accordance with the requirements of the Companies Act 2006. Basis for oplnion We conducted our audit in accordance with Intemational Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under those stsndards are further described in the auditols responsibilities for the audit of the financial statements section of our repori. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements 15 appropriate. Based on the work we have perfomied, we have not identrfied any material uncertainties relating to events or conditions that, individually or collectively, may casl significant doubt on the charity's ability to Continue as a going concern for a period of at least tWee months from when the financial stalements are authorised for issue. Our responsibilities and the responsibilities of the twstees with respect to going concem are described in the relevant sections of this report. 12
Cinemagic Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Cinemagic Limited (¢ontinuedJ Year ended 31 March 2025 other infomiation The other infomiation comprises the information induded in the annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information, Our opinion on the financial statements does not cover the other infonnalion and, except to the extent otherwise explicitly stated in our report. we do not express any form of assurance conclusion thereon. In connection with our audit of the financial Statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other infomiation. If, based on the work we have performed, we conclude that there is a material misstatement of this other information. we are required to report that fact. We have nothing to report in this regard. Opinions on other rnatters prescribed by the Companies Act 2006 In our opinion. based on the work undertaken in the course ofthe audii= the infonnation given in the trustees, report for the financial year for which the financial statements are prepared is consistent with the financial statements. and the trustees, report has been prepared in accordance w5th applicable legal requirements. Matters on which we are required to report by exceptlon In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identffied material misstatements in the trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you rf, in our opinion.. adequate accounting records have not been kept. or retums adequate for our audit have not been received from branches not visited by us,. or the financial statements are not in agreement with the a¢¢ounting records and returns., or certain disclosures of trustees, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit- or the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing the directors, report and from the requirement to prepare a strategic report. 13
Cinemagic Limited Company Limited by Guarantee Independent Auditorfs Report to the Members of Cinemagic Limited (conllnuedj Year ended 31 March 2025 Responsibilitles of trustees As explained more fully in the trustees, responsibiif(ies statement. the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable. matters related to going concern and using the going concem basis of accounting unless the trustees either intend to liquidate the charity or to ceas8 operations, or have no realistic aeMatiVe but to do so. Auditorfs responsibillties for the audit of the financlal statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error. and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, bLrt is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when tt exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users laken on the basis of these financial stalements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The exient to which our procedures are capable of detecling irregularities, including fraud is detailed below: We obtained an understanding of the legal and regulatory framework applicable to the Company through enquiry of management, industry research and the application of Cumulative audit knowledge. We identified the following principal laws and regulations relevant to the Company Companies Act 2006 and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). We developed an understanding of the key fraud risks to the entty (including how fraud might occur), the controls in place to help mitigate those risks, and the accounts, balances and disclosures within the financial statements which may be susceptible to management bias. Our understanding was obtained through review of the financial statements for significant accounting estimates. analysis of journal entries, walkthrough of the key control cycles in place and enquiry of management. As part of an audit in accordance with ISAS {UK). we exercise professional judgment and maintain professional scepticism throughout the audit. We also.. Sdentify and assess the risks of material misstatement of the financial stat8ments, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectweness of the internal control. 14
Cinemagic Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Cinemagic Limited (Conllnued) Year ended 31 March 2025 Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. Conclude on the appropriateness of the trustees. use of the going concem basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charty's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial stalements or, if such disclosures are inadequate, to modfy our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditorfs report. However, future events or conditions may cause the charity to cease lo continue as a going con¢em. Evaluate Ihe overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate wth those charged with govemance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in inlernal control that we identfy during our audit. Use of our report This report is made solely to the charity's members, as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members Ihose matters we are required to stste to them in an auditorfs report and for no other purpose. To the fullest extent 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 opinions we have fomed. Mickae ah4 Michael flannigan (Dec 23. 2025 15.. ..01 GMT) Mr M Flannigan (Senior Statutory Auditor) For and on behalf of FEB Chartered Accountants Chartered accountants & statutory auditor Linenhall Exchange 1 st Floor, 26 Linenhall Street Belfast Northern Ireland BT2 8BG 11 December 2025 15
Cinemagic Limited Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2025 2025 Restricted funds Total funds Tolal funds 2024 Unrestricted funds Nots Income and endowments Donations and legacies other trading activities Total income 562,921 562,921 49,261 569,126 40.238 49,261 49,261 562,921 612,182 609,364 Expenditure Expenditure on raising funds: Costs of raisin9 donations and legacies Expenditure on Charitable activities Total expendlture 46,712 1,130 558,862 4,320 605,573 5,451 602,305 4,988 47,842 563,182 611,024 607,293 Net income and net movement in funds 1,419 (261) 1,158 2,071 Reconciliation of funds Total funds brought forward Total funds carried forward 87,539 100,727 188,266 186,195 88.958 100,466 189,424 188,266 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing adivities. The notss on pages 18 to 28 fomi part of these financial ststements. 16
Cinemagic Limited Company Limited by Guarantee Statement of Financial Position 31 March 2025 2025 2024 Note Fixed assets Tangible fixed assets Investments 14 15 2.793 100 3,724 100 2,893 3,824 Current assets Debtors Cash at bank and in hand 16 207,$54 91.557 299,111 235,559 70,317 305,876 Creditors: amounts falling due wlthin one year Net current assets 17 112,580 121,434 186,531 189,424 184,442 Total assets less current liabilities 188,266 Net assets 189,424 188,266 Funds of the charity Restricted funds Unrestricted funds 100,466 88,958 100.727 87,539 Total charlty funds 20 189,424 188.266 These financial statements have been prepared in accordance with the provisions applicable to ompanies subjed to the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 11 December 2025, and are signed on behalf of the board by: Michelle Hatfield (Dec 23, 2025 15:15.'24 GMTI Ms M Hatfield Trustee Th¢ notes on page¥ 18 to 28 fomi part of these financlal statements. 17
Cinemagic Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2025 General information The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is ¢10 FEB Chartered Accountants, Linenhall Exchange, 26 Linenhall Street, Belfast, BT2 8BG. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Stalement 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) (Charities SORP {FRS 102)) and the Companies Act 2006. Accounting policies Basis of preparation The financial slatements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterfing, which is the functional currency of the entity. Funds Restricted Funds The restricted funds represent donations received where the donor has imposed restrictions on the use of the funds which are legally binding on the Board of Trustees. Unrestricted Funds - The unrestricted funds are under the control of the Board of Trustees, to be used in the furtherance of the general charitable objeclwes of the Company. Going concern The financial statements have been prepared on a going ¢oncern basis as the trustees believe thal no material uncertainty exists. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to Gontinue as a going concem. Disclosure exemptions The charity has applied Update Bulletin 1 as published on 2 February 2018 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A. Consolidation The entty has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group. 18
Cinemagic Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2025 Accounting policies (conllnu Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgemen15 are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmaiked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terns of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. Incoming resources All incoming resources are included in the statement of financial a¢tivsties when entitlement ha5 passed to the charity., it is probable that the economic benefrts associated with the transaction will flow to the charity and the amount Can be reliably measured. The following specific policies are applied to particulaf categories of income: income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is reco9nised when receipt is probable and entitlement 15 established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably. in which case the value is derived from the cost to Ihe donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted seNice. This is classified as unrestricled funds unless there is a contractual requirement for it to be spent on a particular purpose and returned rf unspent, in which case it may be regarded as restricted. 19
Cinemagic Limited Company Limited by Guarantee Notes to the Financial Statements (Continued) Year ended 31 March 2025 Accounting policies (continued) Resources expended Expenditure is re¢ognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. expendilure on charitable activrties includes all costs incurred by a charity in undertaking activities Ihat further its charitable aims for the benefit of its beneficiaries, including those support costs and Gosts relating to the govemance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for Ihe charity nor part of its expenditure on charitable adivities. All costs are allocated to expenditure categories reflecting the use of the resource. Dired costs attributable to a single activity are allocated directly to that adivily. Shared costs are apportioned between the activities they contribute to on a reasonable, juslifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cost, and subsequentty stated at cost less any accumulated depreciation and impairment losse5. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent a¢cumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which rt offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial acttvities. Depreciatlon Depreciation is calculated so as to wrf(e off the cost or valuation of an asset, less its residual value, over the useful economic lrfe of that asset as folkjws: 25°/o reducing balance 250A straight line Fixtures & fittings Equipment Investments Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliab measured, assets are measured at cost less impaiment. Listed investments are measured at fair value with Changes in fair value being recognised in income or expendilure. 20
Cinemagic Limited Company Limited by Guarantee Notes to the Financial Statements (conllnuedj Year ended 31 March 2025 Accounting policies (contlnu¢d) Impairment of fixed assets A review for indicators of impaimient is carried out at each reporting date. with the recoverable amount being estimated where such indicators exist. INhere the caTrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when ti is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash infl¢ThlS from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination. irrespective of whether other assets or liabilities of the charity are assigned to those unrts. Financial instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction Gosts. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicty traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. other financial instwments, including derivatives, are initially re¢ognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments disGounted at a market rate of interest for a similar debt instrument. other financial instruments are subsequently measured at fair value, wrf(h any changes re¢ognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impaimenl at the end of each reporting date. If there is objectrve evidence of impairment, an impaimient loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. 21
Cinemagic Limited Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2025 Accounting policies (Continue Financial instruments (¢ontinued) For all equty instruments regardless of significance, and other financial assets that are individually significant, these are assessed Individual for impairmenl. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impaimient not previously been recognised. Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Limited by guarantee Cinemagic Limited was registered on 15 January 1998 as a company limited by guarantee, not having a share capital. The liability of each member is limited to an amount not exceeding £1. It is also a charity registered with HM Revenue & Customs. Donations and legacies Restricted Total Funds Funds 2025 Restricted Total Fund5 Funds 2024 Grants Grants re1vable 562,921 562,921 569,126 569,126 other tradlng activities Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Box office income 49,261 49.261 40,238 40,238 22
Cinemagic Limited Company Limited by Guarantee Notes to the Financial Statements (¢onlinued) Year ended 31 March 2025 Costs of raislng donations and legacies Unrestricted Funds Restricted Total Funds Funds 2025 Direct cost of activities Wages and salaries Employer's NIC Pension costs Rent Rates & water Light & heat Repairs & maintenance Insurance Travel costs Accountancy fees Telephone Office costs Depreciation Sundry expenses Cleaning 232,676 254,541 22,524 5,232 13,020 383 3,978 232,676 254,541 22,524 5,232 13,020 383 3,978 360 6,269 9,167 15,750 17,494 16,527 931 4,531 2,190 605,573 360 6,269 9,167 15,750 14,131 13,350 931 3,363 3.178 4,531 2,190 46.712 558,862 unstriCted Funds Restricted Total Funds Funds 2024 Direct cost of activities Wages and salaries Employer's NIC Pension Costs Rent Rales & water Light & heat Repairs & maintenance Insurance Travel costs AGGountancy fees Telephone Office costs Depreciation Sundry expenses Cleaning 260,848 234,694 19,693 4,568 12,720 364 4.307 260,848 234,694 19,693 4,568 12,720 364 4,307 360 6,441 11,738 11,250 13.653 14,651 1,287 3,265 2,466 602,305 360 6,441 11,738 11,250 10,612 11,388 1,287 3,041 3,263 3,265 2,466 37,363 564,942 23
Cinemagic Limited Company Limited by Guarantee Notes to the Financial Statements (conthuedj Year ended 31 March 2025 Expenditure on Gharitable activlties by fund type Unrestricted Funds Restricted Total Funds Funds 2025 Support costs 1,130 4,320 5,451 Unrestricted Funds Restricted Total Funds Funds 2024 Support costs 667 4,321 4,988 Expenditure on charltable activities by activity type Support Total funds costs 2025 Totsl fund 2024 Governance costs 5,451 5,451 4,988 10. Net income Net income is stated after chargingl(¢rediting)-. 2025 2024 Depreciation of tangible fixed assets 931 1,287 11. Auditors remuneration 2025 2024 Fees payable for the audit of the financial statements 4,320 4,320 12. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows: 2025 2024 Wages and salaries Social Security costs Employer contributions to pension plans 254,541 22,524 5,232 282,297 234,694 19,693 4,568 258,955 The average head count of employees during the year was 6 (2024. 6). The average number of full-time equivalent employees durin9 the year is analysed as follows.. 2025 2024 Number of staff
Cinemagic Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2025 12. Staff costs (conUnu•d) The number of employees whose remuneration for the year fell within the following bands, were.. 2025 2024 £80,000 to £89,999 13. Trustee remuneration and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. 14. Tanglble fixed assets Fixiures and fittings Equipment Total Cost At 1 April 2024 and 31 March 2025 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 13,837 7,697 21,534 13,837 3,973 931 17,810 931 13,837 4,904 18,741 Carrying amount At 31 March 2025 2,793 2,793 At 31 March 2024 3,724 3,724 15. Investments Shares in group undertaking Cost or valuation At 1 April 2024 and 31 March 2025 Impairment At 1 April 2024 and 31 March 2025 Carrying amount At 31 March 2025 100 100 At 31 March 2024 100 All investments shown above are held at valuation. 25
Cinemagic Limited Company Limited by Guarantee Notes to the Financial Statements (contthue Year ended 31 March 2025 16. Debtors 2025 2024 Amounts owed by group and related undertakings Prepayments and accrued income Grants receivable other debtors 135,137 4,203 65,714 2,500 207,554 121,114 24,769 87,176 2,500 235,559 17. Creditors: amounts falling due within one year 2025 2024 Bank loans and overdrafts Trade creditors Accruals and deferred income Social security and other taxes Other creditors 38 4,280 96,628 6,229 5,405 38 15.675 88,559 7,895 9,267 112,580 121,434 18. Deferred income 2025 2024 At 1 April 2024 Amount released to income Amount deferred in year At 31 March 2025 57,500 (57,500) 80,201 80,201 60,838 (60,838) 57,500 57,500 19. Pensions and other post retirement benefits Defined contribution plans The amounl recognised in income or expenditure as an expense in relation to defined contribution plans was £5.232 (2024.. £4.568). 26
Cinemagic Limited Company Limited by Guarantee Notes to the Financial Statements (¢ontinuedJ Year ended 31 March 2025 20. Analysis of charitable funds Unrestricted funds At 31 March 20 25 At 1 April 2024 Income Expenditure General funds 87,539 49,261 (47,842) 88,958 At 31 March 20 24 At 1 April 2023 Income Expenditure General funds 85,331 40,238 (38,030) 87.539 Fund descriptions Restricted funds are amounts to be used for specified pUoSeS as laid down by the donor. Expenditure which meets these criteria is charged to the fund together with a fair allocation of overhead and support costs. The tn15tees have no control over these funds other than ensuring they are spent for the purposes intended by the donors and therefore no target level has been set. Unrestricted funds are freely available to spend on any of the charity's purposes. Restrlcted funds At 31 March 20 25 At 1 April 2024 Income Expenditure Restricted Fund 100,727 562,921 (563,182) 100,466 At 31 March 20 24 At 1 April 2023 Income Expenditur8 Restricted Fund 100,864 569,126 (569,263) 100,727 27
Cinemagic Limited Company Limited by Guarantee Notes to the Financial Ststements (¢ontAnued) Year ended 31 March 2025 21. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2025 Tangible fixed assets Investments Current assels Creditors less than 1 year 2,793 2,793 100 100 208,143 297,101 (110,570) 1110,570) 100,466 189,424 88,958 Net assets 88,958 Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Investments Current assets Creditors less than 1 year N8t assets 3.724 3,724 100 100 218,337 305,876 {121,434) (121,434) 100,727 188,266 87,539 87,539 28