REGISTERED COMPANY NUMBER: NI063947 (Northern Ireland)

REGISTERED CHARITY NUMBER: 100898

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Gaslight Media Trust

(A Company Limited by Guarantee)

Page

Reference and Administrative Details

1

Report of the Trustees

2

to

4

Independent Examiner's Report

5

Statement of Financial Activities

6

Balance Sheet

7

to

8

Notes to the Financial Statements

9

to

13

TRUSTEES

Rose Kelly

Diane Elizabeth Greer

Betty Doherty

Ronan Moyne

COMPANY SECRETARY

Betty Doherty

REGISTERED OFFICE

1 Westend Park

Derry

Co. Derry

BT48 9JF

REGISTERED COMPANY NUMBER

NI063947 (Northern Ireland)

REGISTERED CHARITY NUMBER

100898

INDEPENDENT EXAMINER

EF McCambridge & Co. Ltd

6 Bayview Terrace

Derry

BT48 7EE

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

INCORPORATION

The charitable company was incorporated on 20 March 2007 and commenced trading on the same date.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Company's principal activities are concerned with the advancement of education of the public by :

(a) the co-ordination and development of the use of film and any other form of audio-visual communication for the purpose of education and research and in particular to promote:

(i) the production and broadcast of films and documentaries that advance the knowledge and understanding of different cultures, traditions, beliefs and political, social and economic developments within the island of Ireland;

(ii) the collection and dissemination of educational material;

(b) helping or co-operating with other educational institutions, centres, agencies or bodies.

ACHIEVEMENTS AND PERFORMANCE

As reported last year GMT concluded its, "Epilogues: The Human Face of Conflict" project in August 2024. That project was jointly funded by The Joseph Rowntree Charitable (JRCT) and the Irish Government's Department of Foreign Affairs - Reconciliation Fund.

The company chose not to apply for any further funding from September 2024 to reflect on its body of work to date and future strategic direction in light of the current challenges to peace-building in Northern Ireland.

It has maintained its offices at 1 West End Park, BT48 9JF. During this period, it received fees for the delivery of two epilogues programmes it has committed to in advance.

GMT's board anticipates launching a new phase of its work in early 2026.

At the date of writing this report no projects are ongoing, however, should any opportunities arise in the future the Charity will take these on if relevant funding is available.

FINANCIAL REVIEW

The Statement of Financial Activities, on page 14 indicates that Gaslight Media Trust had incoming resources of £37,681 in the year. £34,331 of this relates to deferred income released in respect of the main funder - The Joseph Rowntree Charitable Trust (JRCT). The JRCT funding consisted of £189,220 to be paid quarterly over three years from January 2020 to supply twelve epilogues programmes/deliveries. At date of writing this report all of these programmes have been delivered and all of this funding has now been spent.

There was also £3,350 of other income - unrestricted - re programmes delivered to Antrim & Newtownabbey Borough Council & Neighbourhood Management Team - The Better Together Project.

There is now a total of nil Deferred Income left on the Balance Sheet at 31 March 2025.

The total expenditure for the year was £46,127. There was an overall deficit for the year of £8,446 - arising from programmes scheduled in 2024 but not delivered until 2025 re funding received in prior years. £21,152 of this loss related to Restricted Funds and was taken off the restricted reserves balance brought forward at 31 March 2024 of £21,152 - leaving a balance in restricted reserves of nil at 31 March 2025.

Risk Management

The Management Committee have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems are in place to mitigate the exposure to the major risks.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

There are currently 4 members on the Management Committee and there have been no new appointments or resignations over the year.

Organisation

Day to day running of the company is carried out by its Project Manager Jim Keys. Operational management of the project is delegated to an Operational Sub-committee which is accountable to the Board of Directors. The Operational Sub-committee comprises the Project Manager, and a Company Director. It meets regularly in person or on Zoom to monitor progress and strategise next steps.

The company chose not to apply for any funding from September 2024 but rather to reflect on its body of work to date and future strategic direction in light of the current challenges to peace-building in Northern Ireland. In the meantime it has maintained its offices at 1 West End Park, only delivering programmes it had already committed to. GMT's board anticipates launching a new phase of its work in early 2026.

Induction and training of new trustees

New members undergo an orientation day to brief them on: their legal obligations under charity and company law, the charity commission guidance on public benefit, and inform them of the content of the Memorandum and Articles of Association, the committee and decision-making processes, the business plan and recent financial performance of the charity. During the induction day they meet key employees and other members. Members are encouraged to attend appropriate external training events where these will facilitate the undertaking of the role.

Related parties

None of the members receive remuneration or other benefit from their work with the charity. Any connection between a member or senior manager of the charity with a contracted supplier must be disclosed to the full Management Committee in the same way as any other contractual relationship with a related party. In the current year no such related party transactions were reported

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Gaslight Media Trust for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

-	select suitable accounting policies and then apply them consistently;

-	observe the methods and principles in the Charity SORP;

-	make judgements and estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the Trustees are aware:

- there is no relevant information of which the charitable company's independent examiner is unaware; and

- the Management Committee have taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish that the independent examiner is aware of that information.

Approved by order of the board of trustees on 17 December 2025 and signed on its behalf by:

Ronan Moyne - Trustee

I report on the accounts of the company for the year ended 31 March 2025, which are set out on pages six to thirteen.

Respective responsibilities of charity trustees and examiner

As the charity's trustees (and also the directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

-	examine the accounts under Section 65 of the Charities Act

-	follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act

-	state whether particular matters have come to my attention.

Basis of the independent examiner's report

I have examined your charity accounts as required under Section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.

My role is to state whether any material matters have come to my attention giving me cause to believe:

1.	That accounting records were not kept in accordance with Section 386 of the Companies Act 2006

2.	That the accounts do not accord with those accounting records

3.

That the accounts do not comply with the accounting requirements of Section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland

4.	That there is further information needed for a proper understanding of the accounts to be reached.

Independent examiner's statement

I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.

David McCourt

EF McCambridge & Co. Ltd

6 Bayview Terrace

Derry

BT48 7EE

17 December 2025

31.3.25

31.3.24

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

INCOME FROM

Grants

9,356

24,975

34,331

35,974

Other trading activities

2

3,350

-

3,350

-

Total

12,706

24,975

37,681

35,974

EXPENDITURE ON

Other

-

46,127

46,127

58,052

NET INCOME/(EXPENDITURE)

12,706

(21,152

)

(8,446

)

(22,078

)

RECONCILIATION OF FUNDS

Total funds brought forward

(9,728

)

21,152

11,424

33,502

TOTAL FUNDS CARRIED FORWARD

2,978

-

2,978

11,424

31.3.25

31.3.24

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

5

-

1,727

1,727

2,159

CURRENT ASSETS

Debtors

6

3,350

-

3,350

6,000

Cash at bank

11,629

1,223

12,852

56,617

14,979

1,223

16,202

62,617

CREDITORS

Amounts falling due within one year

7

(12,001

)

(2,950

)

(14,951

)

(19,020

)

NET CURRENT ASSETS

2,978

(1,727

)

1,251

43,597

TOTAL ASSETS LESS CURRENT LIABILITIES

2,978

-

2,978

45,756

ACCRUALS AND DEFERRED INCOME

9

-

-

-

(34,332

)

NET ASSETS

2,978

-

2,978

11,424

FUNDS

10

Unrestricted funds

2,978

(9,728

)

Restricted funds

-

21,152

TOTAL FUNDS

2,978

11,424

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 17 December 2025 and were signed on its behalf by:

Betty Doherty - Trustee

Ronan Moyne - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

20% on reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Grants of a revenue nature are credited to income in the period to which they relate. If received in advance of delivering the goods and services required by the Funder, or is subject to other conditions wholly outside the control of the recipient, Charity income should not be recognised and should be accounted for as a liability and shown on the balance sheet as deferred income.

2.	OTHER TRADING ACTIVITIES

31.3.25

31.3.24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

£

£

£

£

Other Income

3,350

-

3,350

-

3.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.3.25

31.3.24

£

£

Depreciation - owned assets

432

540

4.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024 and 31 March 2025

2,699

DEPRECIATION

At 1 April 2024

540

Charge for year

432

At 31 March 2025

972

NET BOOK VALUE

At 31 March 2025

1,727

At 31 March 2024

2,159

6.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

3,350

6,000

7.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other loans (see note 8)

12,000

12,000

Trade creditors

1,091

5,340

Accrued expenses

1,860

1,680

14,951

19,020

8.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due within one year on demand:

Other loans

12,000

12,000

9.	ACCRUALS AND DEFERRED INCOME

31.3.25

31.3.24

£

£

Accruals and deferred income

-

34,332

10.	MOVEMENT IN FUNDS

Net

movement

At

At 1.4.24

in funds

31.3.25

£

£

£

Unrestricted funds

General fund

(9,728

)

12,706

2,978

Restricted funds

Restricted Fund

21,152

(21,152

)

-

TOTAL FUNDS

11,424

(8,446

)

2,978

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

12,706

-

12,706

Restricted funds

Restricted Fund

24,975

(46,127

)

(21,152

)

TOTAL FUNDS

37,681

(46,127

)

(8,446

)

Comparatives for movement in funds

Net

movement

At

At 1.4.23

in funds

31.3.24

£

£

£

Unrestricted funds

General fund

(9,728

)

-

(9,728

)

Restricted funds

Restricted Fund

43,230

(22,078

)

21,152

TOTAL FUNDS

33,502

(22,078

)

11,424

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Restricted funds

Restricted Fund

35,974

(58,052

)

(22,078

)

TOTAL FUNDS

35,974

(58,052

)

(22,078

)

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At

At 1.4.23

in funds

31.3.25

£

£

£

Unrestricted funds

General fund

(9,728

)

12,706

2,978

Restricted funds

Restricted Fund

43,230

(43,230

)

-

TOTAL FUNDS

33,502

(30,524

)

2,978

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

12,706

-

12,706

Restricted funds

Restricted Fund

60,949

(104,179

)

(43,230

)

TOTAL FUNDS

73,655

(104,179

)

(30,524

)

11.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.