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 Suc￿sS 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 Be￿aSt. 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
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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 qualIf￿allOn 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
bU1￿1ng, 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 ne￿OrkS
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 s￿neS 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 seCt￿nS 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 tWe￿e 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 a￿eMatiVe 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 re￿1vable
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
un￿striCted
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 pU￿oSeS 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