Charity registration number: 101207 Charity reference number: XR18100 Company registration number: NI032719
## Belfast Print Workshop
(Charitable company limited by guarantee)
Directors' Report and Financial Statements
for the Year Ended 31 March 2025
## **Belfast Print Workshop**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Directors' Report|2 to 6|
|Independent Examiner's Report|7 to 8|
|Statement of Financial Activities|9|
|Balance Sheet|10 to 11|
|Notes to the Financial Statements|12 to 24|
## **Belfast Print Workshop**
## **Reference and Administrative Details**
## **Directors**
Jacqueline Campbell
Elaine Lindsay
Patricia Bailie (Appointed 18th July 2023, Resigned 20th November 2024)
Adrian Mullan (Appointed 4th October 2023)
Jay Burbank (Appointed 4th October 2023, Resigned 26th September 2024)
Edward Johnston (Appointed 7th September 2023 and resigned 10th October 2025)
Teresa Curran (Resigned 12th June 2024)
**Secretary** Adrian Mullan **Registered Office** Cotton Court 30-42 Waring Street Belfast BT1 2ED **Company Registration Number** NI032719 **Charity Registration Number** 101207 **HMRC Charity Number** XR18100 **Solicitors:** Pinsent Masons Belfast LLP 1 Lanyon Place Belfast BT1 3LP **Bankers** Santander UK PLC Business Banking 301 St Vincent Street Glasgow G2 5NT **Independent Examiner** RBCA Limited Chartered Accountants Linenhall Exchange 26 Linenhall Street Belfast BT2 8BG
Page 1
## **Belfast Print Workshop**
## **Directors' Report**
The Trustees, who are also Directors for the purposes of company law, have pleasure in presenting their annual report together with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of the Statement of Recommended Practise (SORP) "Accounting and Reporting by Charities" in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out on pages 13-16 and comply with the Charity's Memorandum and Articles, the Charities Act (Northern Ireland) 2008, the Companies Act 2006, applicable law and Accounting and Reporting by Charities: Statement of Recommended Practise applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.
## **Reference and administrative details**
Reference and administrative details are shown in the schedule of members of the Board and professional advisers on page 1.
## **Directors**
The following Directors have held office since 1 April 2024:
Jacqueline Campbell Elaine Lindsay Adrian Mullan Patricia Bailie (Resigned 20th November 2024) Jay Burbank (Resigned 26th September 2024) Edward Johnston (Resigned 10th October 2025) Teresa Curran (Resigned 12th June 2024)
## **Objectives and activities**
The mission of the charitable company is to establish, equip and maintain a permanent printmaking workshop, organise and run educational and training courses, teach and demonstrate the techniques of printmaking and to hold exhibitions, meetings, lectures and classes.
The mission statement is;
"To provide equipment and technical support, to promote a variety of printmaking techniques, and to ensure a sustainable, professional and creative working environment; sharing this with anyone committed to learning about print as a contemporary art form."
Belfast Print Workshop (BPW) delivers a broad range of activities supported by our principal funder, the Arts Council of Northern Ireland’s National Lottery Project Funding, alongside earned income and other strategic partnerships. Our core purpose remains the provision of high-quality, accessible printmaking facilities and a year-round programme of artist development, public engagement and creative learning.
BPW’s artistic vision is rooted in promoting excellence in printmaking and ensuring that artists at all stages have access to the tools and space they need to produce ambitious, high-quality work. This vision also extends to enabling skilled facilitators and artists who advocate for the future of
Page 2
## **Belfast Print Workshop**
## **Directors' Report**
printmaking in Belfast and across the region.
In line with our current strategic planning, BPW continued to strengthen its role as a key contributor to the cultural ecosystem by developing inclusive programming, extending outreach into rural communities, supporting intergenerational learning, and enhancing opportunities for public participation in contemporary printmaking. Through exhibitions, workshops, talks and collaborative partnerships, we aim to inspire audiences, nurture talent and sustain a vibrant, professional printmaking community.
## **Public Benefit Statement**
Belfast Print Workshop provides essential facilities for fine art printmaking in Belfast, supporting both practising artists and the wider arts community. Our gallery offers a valuable platform for local printmakers to showcase and sell their work, while our outreach projects-delivered both in the community and at our workshop-give participants meaningful opportunities to learn and engage with printmaking techniques.
BPW plays a vital role in supporting artists by enabling access to specialist equipment. We also offer training programmes for members of the public, helping individuals build skills and confidence as they develop their artistic interests.
Through our facilities, education initiatives, and public-facing gallery, BPW provides accessible routes into the arts, supports the continued professional development of printmakers, and contributes to the cultural life of Belfast by offering a welcoming space for experiencing high-quality contemporary printmaking.
## **Achievements and Performance**
The period from April 2024 to March 2025 has been a testament to the resilience and steady progress of Belfast Print Workshop (BPW) amidst ongoing economic challenges. Throughout the year, we continued to navigate rising operational costs, inflationary pressures, and the wider post-pandemic landscape, while maintaining our commitment to financial sustainability and organisational stability. A significant focus during this period was the development of a new strategic plan, designed to underpin the organisation’s long-term future and provide a clear pathway for growth, resilience, and enhanced support for our members and wider community.
## **Courses and Exhibitions**
We have maintained a robust schedule of monthly courses, attracting a diverse range of participants. Our commitment to inclusivity ensures that our programs are accessible to people of all abilities and backgrounds.
## **Membership and Residencies**
Our membership has continued to grow steadily throughout the year, reflecting ongoing demand for access to high-quality printmaking facilities and a supportive artistic community. During this period, we welcomed new Artists in Residence, including Rurai, whose practices and engagement have made a valuable contribution to the creative life of the workshop. Visiting workshop facilitators remains an important part of BPW’s artistic ecosystem, fostering new work, collaboration, and skills development.
Page 3
## **Belfast Print Workshop**
## **Directors' Report**
Significant Exhibitions and Projects
- May 2024 : Revisit: four decades in the archive exhibition
- July 2024 Linda McBurney solo exhibition Chasing Ghosts
- August 2024 The Stones Speak Margaret Elis’ solo exhibition
- September 2024 ACNI rural engagement program- Adana letter press - Dromara arts group workshop
• October 2024 - Halloween Family Printing Event with Bank of Ideas - Large-scale interactive mono printing, T-shirt printing, mask printing, and card making.
• November 2024 - *Nightmares, Visions, and Dreams with Shepard Maudsleigh Studio, Boston Exchange. (Mirrored exhibition also took place in Boston.)
- December 2024 - Members’ Christmas Show - Vault Market.
• February 2025 - Elegiac Residue - 7 International Exhibition (Karen’s Show), paired with a Pronto Paper Lithograph Workshop led by Karen.
- *March 2025 - Inky Blue Fingers - Maura Lynch.
## **Strategic Development**
In addition to our core funding from the Arts Council of Northern Ireland, BPW has secured several grants during this period that have strengthened our capacity and supported organisational development.
A key area of progress has been the creation of a new Strategic Plan, developed through a series of workshops with staff, board members, and independent consultants. These sessions helped clarify BPW’s long-term priorities, identify sustainability challenges, and establish a clear roadmap for underpinning the organisation over the coming years. The resulting plan provides a stronger foundation for governance, programming, and future fundraising.
BPW has continued to build meaningful strategic relationships with organisations such as Arts & Business, NICVA, Innovate Social, and other sector specialists, whose guidance has supported our fundraising ambitions, digital development, and organisational resilience. As we reflect on this period, it is evident that our commitment to growth, community engagement, and artistic excellence continues to drive BPW forward.
Page 4
## **Belfast Print Workshop**
## **Directors' Report**
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they 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 its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any
- material departures disclosed and explained in the financial statements; and
- 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 that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006 and Charities Act (Northern Ireland) 2008. 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.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
## **Statement of disclosure of information to examiners**
We, the Directors of the company who held office at the date of approval of these financial statements, as set out above, each confirm so far as we are aware, that:
- there is no relevant accounts information of which the company's examiners are unaware; and
- we have taken all the steps that we ought to have taken as Directors in order to make ourselves aware of any relevant accounts information and to establish that the company's examiners are aware of that information.
## **Independent Examiners**
The independent examiners, RBCA Limited, are deemed to be re-appointed under Section 487 (2) of the Companies Act 2006.
Page 5
## **Belfast Print Workshop**
## **Directors' Report**
## **Small companies provision statement**
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
13 Dec 2025
The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:
.........................................
Adrian Mullan Company secretary and trustee
Page 6
## **Belfast Print Workshop**
## **Independent Examiner's Report to the trustees of Belfast Print Workshop ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
## **Responsibilities and basis of report**
As the charity’s trustees of Belfast Print Workshop (and also its 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 (‘the 2006 Act’).
Having satisfied myself that the accounts of Belfast Print Workshop are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 65 of the Charities Act (Northern Ireland) 2008 (‘the 2008 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the 2008 Act.
## **Basis of independent examiner’s report**
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 includes 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; and
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.
Page 7
## **Belfast Print Workshop**
## **Independent Examiner's Report to the trustees of Belfast Print Workshop ('the Company')**
Brian Stewart ...................................... Brian Stewart For on and behalf of RBCA Limited Linenhall Exchange 26 Linenhall Street Belfast BT2 8BG 13 Dec 2025 Date:.............................
Page 8
## **Belfast Print Workshop**
## **Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
|**Note**
**Income and Endowments from:**
Donations and legacies
3
_Income from charitable_
_activities:_
Operation of workshop
4
_Income from other trading_
_activities:_
Commercial trading operations
5
Investment income
Total income
**Expenditure on:**
_Expenditure on charitable_
_activities:_
Operation of workshop
6
Total expenditure
Net income/(expenditure)
Transfers between funds
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
18|**Unrestricted**
**funds**
**£**
-
31,008
10,297
112
41,417
(33,442)
(33,442)
7,975
(10,425)
(2,450)
455,121
452,671|**Restricted**
**funds**
**£**
74,341
-
-
-
74,341
(84,766)
(84,766)
(10,425)
10,425
-
-
-|**Total**
**2025**
**£**
74,341
31,008
10,297
112
115,758
(118,208)
(118,208)
(2,450)
-
(2,450)
455,121
452,671|**Total**
**2024**
**£**
63,961
34,965
16,227
82|
|---|---|---|---|---|
|||||115,235|
|||||(123,926)|
|||||(123,926)|
|||||(8,691)
-|
|||||(8,691)
463,812|
|||||455,121|
## **Continuing operations**
All of the charity's activities derive from continuing operations during the above two periods.
## **Total recognised gains and losses**
There are no recognised gains and losses other than those passing through the Statement of Financial Activities
The notes on pages 12 to 24 form an integral part of these financial statements. Page 9
## **Belfast Print Workshop**
## **(Registration number: NI032719) Balance Sheet as at 31 March 2025**
|**Note**
**Fixed assets**
Tangible assets
11
Heritage assets
13
**Current assets**
Stocks
14
Debtors
15
Cash at bank and in hand
**Creditors: Amounts falling due within one year**
16
**Net current assets**
**Net assets**
**Funds of the charity:**
**Unrestricted income funds**
Unrestricted funds
Revaluation reserve
Total unrestricted funds
**Total funds**
18|**2025**
**£**
3,989
418,035
422,024
6,153
5,127
59,015
70,295
(39,648)
30,647
452,671
34,636
418,035
452,671
452,671|**2024**
**£**
8,146
418,035|
|---|---|---|
|||426,181|
|||2,953
4,892
56,437|
|||64,282
(35,342)|
|||28,940|
|||455,121|
|||37,086
418,035|
|||455,121|
|||455,121|
The notes on pages 12 to 24 form an integral part of these financial statements. Page 10
## **Belfast Print Workshop**
## **(Registration number: NI032719) Balance Sheet as at 31 March 2025**
For the financial year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements on pages 9 to 24 were approved by the trustees, and authorised for issue on 13 Dec 2025.................... and signed on their behalf by:
.........................................
Adrian Mullan
Company secretary and trustee
The notes on pages 12 to 24 form an integral part of these financial statements. Page 11
## **Belfast Print Workshop**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **1 Charity status**
The charity is limited by guarantee, incorporated in Northern Ireland, and consequently does not have share capital.
The address of its registered office is: Cotton Court 30-42 Waring Street Belfast BT1 2ED
## **2 Accounting policies**
## **Summary of significant accounting policies and key accounting estimates**
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
## **Presentational currency and level of rounding**
The presentational currency is £ Sterling and the level of rounding is to the nearest £.
## **Basis of preparation**
The charity constitutes a public benefit entity as defined by FRS102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act (Northern Ireland) 2008, the Companies Act 2006 and UK Generally Accepted Accounting Practise.
The charity does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.
## **Going concern**
The Directors have reviewed the applicability of the going concern principle and have determined that it is appropriate to prepare the company's accounts on the basis that it will continue as a going concern for the foreseeable future.
## **Employee benefits**
When employees have rendered services to the charity, short-term employee benefits to which the employees are entitled are recognised at an undiscounted amount expected to be paid in exchange for those services.
The charity operates a defined contribution pension plan for the benefit of its employees. Contributions are expensed as they become payable.
Page 12
## **Belfast Print Workshop**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **Grants**
Grants received, including grants for the purchase of fixed assets, are recognised in full in the statement of financial activities in the year in which they are receivable and when the charity's entitlement becomes legally enforceable.
## **Other incoming resources and resources expended**
All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Other incoming resources resources include sales from prints and materials, membership fees and course fees. All incoming resources arose wholly in the United Kingdom. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. The majority of costs are directly attributable to specific activities. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources. Staff costs and overhead expenses are allocated to activities on the basis of staff time spent on those activities.
Support costs comprise of overhead expenditure incurred in running the charity's charitable programme.
Governance costs include those expenses incurred in the governance of its assets which are associated with constitutional and statutory requirements.
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
## **Fund accounting**
The charity has two different types of funds for which it is responsible, and which require separate disclosure. These are as follows:
Restricted funds - Donations and grants received which are earmarked by the donor or funder for specific purpose. Such purposes are within the overall aims of the organisation and are set out in the notes to the financial statements.
Unrestricted funds - Funds which are expendable at the discretion of the Directors in the furtherance of the objectives of the charity. In addition, the funds may be held in order to finance capital investment and working capital.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Page 13
## **Belfast Print Workshop**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **Tangible fixed assets**
Tangible fixed assets, apart from heritage assets, are stated at cost less depreciation.
## **Depreciation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
|**Asset class**|**Depreciation method and rate**|
|---|---|
|Printing press|5% Straight line|
|Computer equipment|25% Straight line|
|Office equipment|20% Straight line|
|Equipment|20% Straight line|
|Fixtures & fittings|20% Straight line|
## **Heritage assets**
Heritage assets are recognised on the balance sheet and initially measured at cost when purchased or if donated, their valuation. Assets are subsequently stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Fair values for donated assets are estimated by reference to market prices.
Acquisitions only arise when donated to the charity or if it is believed that they will further the charity’s objectives. Once acquired they will be preserved by the charity in order to keep their historical, artistic, scientific, technological, geophysical or environmental qualities to such a high level as to contribute to knowledge and culture. A register of all assets held by the charity is available and the assets themselves are accessible to the public with prior agreement. Heritage assets are to be held for the foreseeable future.
The company's collection of artwork is held in support of its objective of increasing knowledge and understanding of art in the community. The artwork is reported in the Balance Sheet at market value and valuations are made by the Board. Gains and losses on revaluation are recognised in the Statement of Total Recognised Gains and Losses. The artwork is deemed to have indeterminate lives and a high residual value; hence the Directors do not consider it appropriate to charge depreciation. It is the company's policy to maintain its collect of artwork in secured storage and maintenance costs are charged to the Statement of Financial Activity when incurred. Acquisitions are made by purchase or donation. Purchases are initially recorded at cost and donations are recorded at current value ascertained by the Directors.
## **Debtors and creditors**
Debtors and creditors receivable or payable within one year are recorded at transaction price.
## **Leasing**
Rentals payable under operating leases are charged against income on a straight-line basis over the lease term.
Page 14
## **Belfast Print Workshop**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **Stock**
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
At each reporting date, stocks are accessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less cost to complete and sell; the impairment loss is recognised immediately in profit or loss.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Page 15
## **Belfast Print Workshop**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **3 Donations and legacies**
|**3**
**Donations and legacies**|||||
|---|---|---|---|---|
||**Unrestricted**|**Restricted**|**Total**|**Total**|
||**Funds**|**Funds**|**Funds**|**Funds**|
||**2025**|**2025**|**2025**|**2024**|
||**£**|**£**|**£**|**£**|
|Arts Council of Northern Ireland|-|50,208|50,208|36,851|
|Belfast City Council|-|12,784|12,784|8,193|
|Future Screen Grant|-|11,349|11,349|18,917|
||-|74,341|74,341|63,961|
Income from donations and legacies was £74,341 (2024: £63,961) of which £74,341 (2024: £63,961) was attributable to restricted and £0 (2024: £0) was attributable to unrestricted funds.
## **4 Charitable activities**
|**4**
**Charitable activities**|||||
|---|---|---|---|---|
||**Unrestricted**|**Restricted**|**Total**|**Total**|
||**Funds**|**Funds**|**Funds**|**Funds**|
||**2025**|**2025**|**2025**|**2024**|
||**£**|**£**|**£**|**£**|
|Course fees|6,720|-|6,720|14,006|
|Material sales|3,298|-|3,298|3,034|
|Membership fees|20,990|-|20,990|17,925|
||31,008|-|31,008|34,965|
Income from charitable activities was £31,008 (2024: £34,965) of which £31,008 (2024: £34,965) was attributable to unrestricted and £0 (2024: £0) was attributable to restricted funds.
Page 16
## **Belfast Print Workshop**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **5 Other trading activities**
|**5**
**Other trading activities**|||||
|---|---|---|---|---|
||**Unrestricted**|**Restricted**|**Total**|**Total**|
||**Funds**|**Funds**|**Funds**|**Funds**|
||**2025**|**2025**|**2025**|**2024**|
||**£**|**£**|**£**|**£**|
|Studio income|3,206|-|3,206|4,289|
|Gallery income|7,091|-|7,091|11,938|
||10,297|-|10,297|16,227|
Income from other trading activities was £10,297 (2024: £16,227) of which £10,297 (2024: £16,227) was attributable to unrestricted and £0 (2023: £0) was attributable to restricted funds.
## **6 Charitable activities expenditure**
||**Unrestricted**|**Restricted**|**Total**|**Total**|
|---|---|---|---|---|
||**Funds**|**Funds**|**Funds**|**Funds**|
||**2025**|**2025**|**2025**|**2024**|
||**£**|**£**|**£**|**£**|
|Studio materials|-|6,206|6,206|3,750|
|Tutor fees|5,310|-|5,310|6,457|
|Exhibition costs|8,391|11,364|19,755|31,144|
|Support costs|19,741|67,196|86,937|82,575|
||33,442|84,766|118,208|123,926|
Expenditure from charitable activities was £118,208 (2024: £123,926) of which £33,442 (2024: £31,444) was attributable to unrestricted funds and £84,766 (2024: £92,483) was attributable to restricted funds.
Page 17
## **Belfast Print Workshop**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **7 Allocation of support costs to generating funds and charitable costs**
||**Unrestricted**|**Restricted**|**Total**|**Total**|
|---|---|---|---|---|
||**support**|**support**|**support**|**support**|
||**costs**|**costs**|**costs**|**costs**|
||**2025**|**2025**|**2025**|**2024**|
||**£**|**£**|**£**|**£**|
|Advertising|577|-|577|516|
|Accountancy fees|2,970|-|2,970|2,770|
|Other professional fees|528|-|528|602|
|Consulting|5,694|-|5,694|1,319|
|Bank fees|309|-|309|727|
|Depreciation and amortisation|4,158|-|4,158|6,281|
|General expenses|111|-|111|49|
|Insurance|-|6,509|6,509|5,740|
|Heat and light|-|1,669|1,669|8,727|
|Postage|13|-|13|140|
|Printing and stationery|1,403|-|1,403|1,248|
|Rent|-|24,953|24,953|24,907|
|Repairs|1,795|-|1,795|334|
|Subcontractor|-|34,065|34,065|27,093|
|Staff training|78|-|78|114|
|Subscriptions|395|-|395|300|
|Telephone and internet|1,708|-|1,708|1,692|
|Travel|2|-|2|17|
||19,741|67,196|86,937|82,576|
£67,196 (2024: £66,723) of the above costs were attributable to restricted funds and £19,741 (2024 :£15,853) of the above costs were attributable to unrestricted funds.
Page 18
## **Belfast Print Workshop**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **8 Governance costs**
|**8**
**Governance costs**|||
|---|---|---|
||**2025**|**2024**|
||**£**|**£**|
|Independent Examination fees|670|670|
|Accountancy fees|2,300|2,100|
||2,970|2,770|
|**9**
**Employees**|||
|**Employment costs**|**2025**|**2024**|
||**£**|**£**|
|Wages & Salaries|11,214|18,285|
|Employer Pension Contributions|149|374|
||11,363|18,659|
|**Average Number of Employees**|||
||**2025**|**2024**|
||**No**|**No**|
|Average number of employees|1|1|
No employee received emoluments of more than £60,000 during the year. (2024: nil)
## **10 Directors' remuneration**
No director received any remuneration from the company during the current or previous year (2024: £nil)
During the year, the trustees did not have any expenses reimbursed (2024: £nil).
Page 19
## **Belfast Print Workshop**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **11 Tangible fixed assets**
|**Printing**
**Presses**
**Equipment**
**Office**
**Equipment**
**Computer**
**Equipment**
**£**
**£**
**£**
**£**
**Cost**
At 1 April 2024
53,270
22,631
12,001
18,666
Additions
-
-
-
-|**Fixtures &**
**Fittings**
**£**
9,609
-|**Total**
**£**
116,177
-|
|---|---|---|
|**At 31 March 2025**
53,270
22,631
12,001
18,666|9,609|116,177|
|**Depreciation**
At 1 April 2024
52,044
17,994
10,487
17,896
Charge for the year
246
3,008
344
560|9,609
-|108,030
4,158|
|**At 31 March 2025**
52,290
21,002
10,831
18,456
**Net book value**
**At 31 March 2025**
980
1,629
1,170
210|9,609|112,188|
||-
-|3,989|
|**At 31 March 2024**
1,226
4,637
1,514
770|-|8,147|
## **12 Intangible fixed assets**
|**Cost**
At 1 April 2024
At 31 March 2025
**Amortisation**
At 1 April 2024
At 31 March 2025
**Net book value**
At 31 March 2025
At 31 March 2024|**Website**
**£**
4,000
4,000
4,000
4,000
-
-|**Total**
**£**
4,000|
|---|---|---|
|||4,000|
|||4,000|
|||4,000|
|||-|
|||-|
Page 20
## **Belfast Print Workshop**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **13 Heritage assets**
|**Valuation**
At 1 April 2024
At 31 March 2025
**Depreciation**
At 31 March 2025
**Net book value**
At 31 March 2025|**Artwork**
**£**
418,035
418,035
-
418,035|**Total**
**£**
418,035
418,035
-
418,035|
|---|---|---|
The Directors consider that the value of heritage assets did not materially change during the year.
## **14 Stock**
|Finished goods
**15 Debtors**
Prepayments
**16 Creditors: amounts falling due within one year**
Trade creditors
Other taxation and social security
Other creditors
Accruals|**2025**
**£**
6,153
**2025**
**£**
5,127
**2025**
**£**
1,000
-
2,174
36,474
39,648|**2024**
**£**
2,953|
|---|---|---|
|||**2024**
**£**
4,892|
|||**2024**
**£**
1,715
363
2,480
30,784|
|||35,342|
## **17 Contingent liabilities**
The company has a contingent liability to repay grants received should certain conditions under which they were awarded cease to be fulfilled.
Page 21
## **Belfast Print Workshop**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **18 Funds**
|**Unrestricted funds**
Unrestricted reserves
Revaluation reserves
**Total unrestricted funds**
**Restricted funds (see below)**
**Total funds**
Unrestricted reserves
Revaluation reserve
**Total unrestricted funds**
**Restricted funds**
**Total funds**|**Balance at**
**1 April**
**2024**
**£**
37,086
418,035
455,121
-
455,121
**Balance at**
**1 April**
**2023**
**£**
45,777
418,035
463,812
-
463,812|**Incoming**
**resources**
**£**
41,417
-
41,417
74,341
115,758
**Incoming**
**resources**
**£**
51,274
-
51,274
63,961
115,235|**Resources**
**expended**
**£**
(33,442)
-
(33,442)
(84,766)
(118,208)
**Resources**
**expended**
**£**
(31,443)
-
(31,443)
(92,483)
(123,926)|**Transfers**
**£**
(10,425)
-
(10,425)
10,425
-
**Transfers**
**£**
(28,522)
-
(28,522)
28,522
-|**Balance at**
**31 March**
**2025**
**£**
34,636
418,035|
|---|---|---|---|---|---|
||||||452,671
-|
||||||452,671|
||||||**Balance at**
**31 March**
**2024**
**£**
37,086
418,035|
||||||455,121
-|
||||||455,121|
Page 22
## **Belfast Print Workshop**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **Revaluation reserve**
The revaluation reserve relates to the Heritage Assets held within the Company.
|**Restricted Funds**
Arts Council of Northern Ireland
Belfast City Council
Future Screen Grant
**Total Funds**|**Balance at**
**1 April**
**2024**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**Balance at**
**31 March**
**2025**
**£**
**£**
**£**
**£**
**£**
-
50,208
(60,636)
10,425
-
-
12,784
(12,784)
-
-
-
11,349
(11,349)
-
-|
|---|---|
||-
74,341
84,766
10,425
-|
Arts Council of Northern Ireland funding relates to funding of certain costs of the charity such as rent, heat and light and subcontractor costs.
Belfast City Council funding relates to covering the costs of Makers and Spaces programme and the Print Fair programme.
Future Screen Grant funding is to cover the costs of the Art Work programme.
Page 23
## **Belfast Print Workshop**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **19 Analysis of net assets between funds**
|**19 Analysis of net assets between funds**||||
|---|---|---|---|
|Tangible fixed assets
Heritage assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Heritage assets
Current assets
Current liabilities
Total net assets|**Unrestricted**
**reserves**
**£**
3,989
-
70,295
(39,648)
34,636
**Unrestricted**
**reserves**
**£**
8,146
-
64,282
(35,342)
37,086|**Revaluation**
**reserves**
**£**
-
418,035
-
-
418,035
**Revaluation**
**reserves**
**£**
-
418,035
-
-
418,035|**Total funds**
**at 31 March**
**2025**
**£**
3,989
418,035
70,295
(39,648)|
||||452,671|
||||**Total funds**
**at 31 March**
**2024**
**£**
8,146
418,035
64,282
(35,342)|
||||455,121|
Page 24
## **Issuer**
## RBCA Ltd
**Document generated** Mon, 1st Dec 2025 13:39:12 GMT **Document fingerprint** 56079061bb7d163dce3b825cae67c1c8
## **Parties involved with this document**
## **Document processed**
## **Party + Fingerprint**
Sat, 13th Dec 2025 11:35:21 GMT Sat, 13th Dec 2025 12:17:21 GMT Sat, 13th Dec 2025 14:12:22 GMT
Adrian Mullan - Signer (9e8f3108b528a7acede3bf6152a9591f) Brian Stewart - Signer (38d62a74a29e20f0facef311204d095f) RBCA Limited - Signer (28408fb3492638073b106486c6f9902f)
## **Audit history log**
## **Date**
Mon, 1st Dec 2025 13:39:12 GMT Mon, 1st Dec 2025 13:39:12 GMT Mon, 1st Dec 2025 13:39:12 GMT Mon, 1st Dec 2025 13:46:51 GMT Mon, 1st Dec 2025 19:04:17 GMT Tue, 2nd Dec 2025 8:20:31 GMT Tue, 2nd Dec 2025 8:20:33 GMT Tue, 2nd Dec 2025 8:20:39 GMT Wed, 3rd Dec 2025 16:06:17 GMT Wed, 3rd Dec 2025 16:07:38 GMT Wed, 3rd Dec 2025 16:07:44 GMT Thu, 4th Dec 2025 8:57:45 GMT Thu, 4th Dec 2025 8:57:46 GMT Thu, 4th Dec 2025 8:57:53 GMT Mon, 8th Dec 2025 11:49:20 GMT Mon, 8th Dec 2025 11:49:20 GMT
**Action** Envelope generated by Mrunmayi Naik (103.178.128.66) Document generated with fingerprint e59cf61e05a1eb9469223949623ceb52 (103.178.128.66) Document generated with fingerprint 80d45af4c3576b2c2c5f7ff8cc05384d (103.178.128.66) Document generated with fingerprint 74a59f278a78e1464b6cc8b86bb47405 (103.178.128.66) Document generated with fingerprint 56079061bb7d163dce3b825cae67c1c8 (103.178.128.66) Sent the envelope to Adrian Mullan (atmullan@gmail.com) for signing (2.217.56.178) Document emailed to atmullan@gmail.com Adrian Mullan opened the document email. (66.249.93.78) Adrian Mullan opened the document email. (66.249.93.74) Adrian Mullan opened the document email. (157.231.156.58) Adrian Mullan viewed the envelope (157.231.156.58) Sent Adrian Mullan a reminder to sign the document. (2.217.56.178) Document emailed to atmullan@gmail.com Adrian Mullan opened the document email. (66.249.81.162) Sent Adrian Mullan a reminder to sign the document. (188.66.74.80) Document emailed to atmullan@gmail.com
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Sat, 13th Dec 2025 14:12:22 GMT
Sat, 13th Dec 2025 14:12:22 GMT Sat, 13th Dec 2025 14:12:22 GMT
Adrian Mullan opened the document email. (66.249.93.71) Sent Adrian Mullan a reminder to sign the document. (2.217.56.178) Document emailed to atmullan@gmail.com Adrian Mullan opened the document email. (66.249.93.67) Adrian Mullan opened the document email. (2.123.42.111) Adrian Mullan viewed the envelope (2.123.42.111) Adrian Mullan signed the envelope (2.123.42.111) Sent the envelope to Brian Stewart (brian.stewart@rbca.co) for signing (2.123.42.111)
Document emailed to brian.stewart@rbca.co Brian Stewart viewed the envelope (188.66.74.80) Brian Stewart signed the envelope (188.66.74.80) Sent the envelope to RBCA Limited (jane.gill@rbca.co) for signing (188.66.74.80) Document emailed to jane.gill@rbca.co RBCA Limited viewed the envelope (2.217.56.178) RBCA Limited viewed the envelope (2.217.56.178) RBCA Limited signed the envelope (2.217.56.178) This envelope has been signed by all parties (2.217.56.178) Signed document confirmation emailed to atmullan@gmail.com (2.217.56.178)
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Signed document confirmation emailed to jane.gill@rbca.co (2.217.56.178) Signed document confirmation emails have been sent to all parties. Document URL:
https://api.signable.app/shareable/envelope?t=1f220fa9-0971-4b41-a4a3-8 63470141aee (2.217.56.178)