REGISTERED COMPANY NUMBER: N1032251 (Northern Ireland)
REGISTERED CHARITY NUMBER: NIC 102004
ort of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2023
for
Belfast Film Festival Limited
Acom an
Limited b Guarantee
Lynn Drake & Co Ltd
Charter¢d Accountants
I st Floor
34 B-D Main Street
Moira
Co. Armagh
BT67 OLE

Belfast Film Festival Limited
Contents of the Financial Statements
for the Year Ended 31 March 2023
Page
Referenee and Administrative Details
Report of the Trustees
2 to 10
Independent Examiner's Report
Statement of Financial Activities
13
Statement of Financial Position
14 to 15
Notes to the Financial Statements
16 to 29
Detailed Statement of Financial Activities
30 to 31

Belfast Film Festival Limited
Reference and Administrative Details
for the Year Ended 31 March 2023
TRUSTEES
Dr Laurence McKeown Treasurer
Kevin Jackson
Louise O'meara
Mark Cousins Stepped down as Chair 9 February 2023
Lisa Barros D'sa appointed Co-chairperson (0910212023)
Lucy Baxter
Nisha Tandon (appointed 161412022)
Marie-Therese McGivern Co-chairperson (appointed
91212023)
COMPANY SECRETARY
Michele Devlin
REGISTERED OFFICE
23 Donegall Street
Belfast
Co. Antrim
BTI 2FF
REGISTERED COMPANY
NUMBER
N1032251 (Northern Ireland)
REGISTERED CHARITY
NUMBER
NIC 102004
INDEPENDENT EXAMINER Lynn Drake & Co Ltd
Chartered Accountants
I st Floor
34 B-D Main Street
Moira
Co. Armagh
BT67 OLE
CHIEF EXEC OFFICER
Ms Michele Devlin
FINANCIAL ADVISERS
CRN Financial Group
l For¢stgrovc Business Park
Newtownbreda Road
Belfast
BT8 6AW

Belfast Film Festival Limited
ort of the Trustees
for the Year Ended 31 March 2023
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 2023. 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 l January 2019).
OBJECTIVES AND ACTIVITIES
Mission Statement l Aims l Objectives
MISSION STATEMENT
Our mission is to promote a diverse and dynamic programme of film events, and outreach activity, which is
entertaining, provocative and provides a platform for cultural expression and debate.
AIMS AND OBJECTIVES
Aim l.. Deliver the annual Belfast Film Festival and Docs Ireland, which will exhibit local and international
films
Related Objectives
(i) Organise a citywide film festival each year in November and a documentary festival in June involving
film exhibition, seininars, workshops and master classes.
(li) Bring national and international film premieres to Belfast.
(iii) Showcase the work of local film - makers
(iv) Provide an industry marketplace as part of Docs Ireland.
Aim 2.. Enhance the profile & status of the Belfast Film Festival within the cultural life of Belfast
Related Objectives
(i) Actively contribute to the establishment of a Belfast Film Centre
(li) Develop a year-long programme of film events.
(iii) Develop and implement an effective PR strategy.
(iv) Coiitribute towards making B¢lfast a more attractive destination for visitors.
Aim 3: Promote access to film and the film making process
Related Objectives
(i) Build relationships between local communities and the film industry
(li) Facilitate opportunities for volunteers to gain experience in film related events.
(iii) Consult communities in order to enhance their involvement in the Festival programme.
(iv) Contribute to enhancing the profile of the local film industry.
Aim 4.. Maintain a sustainable structure and funding base for the Belfast Film Festival
Related Objectives
(i) Obtain funding for BFF activities
(ii) Employ staff to carry out BFF'S programm¢ of work
(iii) Undertake regular planning, monitoring and evaluation of BFF strategy and activities
(iv) Develop and implement a training plan.
(v) Build partnerships as required with relevant stakeholders

Belfast Film Festival Limited
ort of the Trustees
for the Year Ended 31 March 2023
OBJECTIVES AND ACTIVITIES
Public benefit
The purpose of Belfast Film Festival Ltd is to prcscnt, promote, organise, provide, manage and produce such
specialized (cultural, lesser seen, archive) film screenings and events, community based film activities, film
related outreach work in marginalized communities, broadcasts, concerts, musical pieces, entertainment and
exhibitions, whether on any premises of the Company or elsewhere, as are conducive to the promotion,
maintenance, iinprovement and advancement of education or to the encouragement of the art of film, or the
arts.
The direct benefits flowing from this purpose include.
the promotion and enjoyment, better understanding and general advancement of the arts and film, for the
benefit of the general public in Northern Ireland through exposure to, as an audience member or participant
through outreach work in Inarginalized communities and schools, the arts and film.
These benefits can be demonstrated by regular internal and external qualitative assessment. audiences and
participation. photo and video documentation. regular reporting of charitable activities and financial
performance in annual reports, audited annual accounts, and reports to grant funders.
The purposes of our ¢harTty will not lead to any harm, although there are policies and procedures in place to
address certain risks, for example
safeguardiiig and child protection policies
health and safety policy
code of conduct for staff and volunteers
equal opportunities policy
disability policy and safeguarding policy.
The charity's beneficiaries are the general public in Northern Ireland. Specific projects may address the
needs of specific sections of society (e.g. access to film and the arts project targeting social needs in
particular electoral wards).
The only private benefit flowing from the purpose is artists and filmmakers benefit from exposure to a wider
audience, which may result in their gaining a higher profile. This is incidental to tlie achievement of the
purpose and, while a private benefit, is necessary to help the charity achieve our charitable purpose.

Belfast Film Festival Limited
ort of the Trustees
for the Year Ended 31 March 2023
ACHIEVEMENT AND PERFORMANCE
DOCS IRELAND 4
The international documentary festival ran for 5 days 29 June to 3 July, and offered 58 screenings and
special events in 12 venues across the city, where public audiences and industry professionals encountered
both rising stars and documentary filinmaking legends.
Music and culture were two key themes of this year's festival which opened with a now highly lauded
documentary based on tlie life and career of Irish singer Sinéad O'connor. Directed by Belfast-born
filmmaker Kathryn Ferguson, Nothing Compares has gone on to great critical acclaim, sell-out audiences
and numerous awards.
The festival continues to give emerging filmmakers the opportunity to meet and learn from seasoned industry
experts througli a series of masterclasses, workshops, panel discussions and 'in-conversation' sessions. This
industry side of the festival is gaining traction both in terms of projects and Calibre of participant. This year,
the Marketylace, where filmmakers can meet one-to-one with leading international documentary industry
decision makers, including international funders, broadcasters, distributors and exhibitors, welcomed 33
decision-jnakers from Ireland, UK, Germany, Austria, USA, Portugal, Israel, Poland, Finland, The
Netherlands. It is the only marketplace dedicated to documentary on the island of Ir¢land and is
acknowledged as an incubator for nurturing both domestic and international talent.
The Northern Ireland Screen Documentary development pitch returned for the third year and presented six
feature documentary project pitches from filmmakers across Ireland, in a competition to receive an award of
up to £7,500 towards a pilot for their documentary feature.
The industry programme offered a series of informative events including Fair Use for Docuinentary Film
Archive; an ¢xamination of the mental health crisis in the filin industry in our Whole Picture presentation; a
focus on the European industry with a view to strengthening those filmic partnerships. a case study of TV
series Once Upon a Tiine in Belfast (w/t) - currently in production in Northern Ireland and a case study of
award-winning Young Plato.
Awards wer¢ given to:
o Short Irish documentary 2 x winners.. Director Sheena Walsh 'Mam's Old Chair, and Director Sam Howard
'Ireland's Last Matchmaker,
o NI Screen Pitch winner was 'They Say It Is Love, by Director.. Roisin Agnew
o Pull Focus Best Irish Film winner: An Buachaill Geal Gaireach / The Laughing Boy, Director Alan
Gilsenan
The IGNITE Talent DeveIopment Programme, which seeks to foster a new generation of Irish documentary
filmmakers from the north and south of Ireland, is a joint initiative of Cork International Film Festival &
Docs Ireland. 6 documentary teams participated in the bilingual programme, directed at emerging Irish
documentary filmmakers embarking on their first or second non-fiction feature film. This Unique training
programme continues to grow in stature and popularity.
Outreach and Inclusion activity for Docs Ireland included the allocation of between 20 30 complimentary
and discountcd tickets for 14 screenings and events. Groups targetcd comprised Irish Language groups (for
e.g.The Laughing Boy), Amnesty Nl, students, young people and groups supporting those in hard to r¢ach
and from areas of deprivation, including Belfast Friendship Club and ACSONI etc.
A Talent Development programme for young & new to the sector was run by the 3 festivals interns who
curated a programme of films for Docs Ireland Fringe - "Treasures of the Archive
they screened 5 films
over a weekend and all films included a post-film discussion with each curator.

Belfast Film Festival Limited
ort of the Trustees
for the Year Ended 31 March 2023
The 22nd Belfast Film Festival returned in all its physical, in-person, post-pandemic glory this year,
complete with a new programming team, an international competitive element and award-winning jury, as
well as a home-grown premiere as the opening night film.
The new programming team of Jessica Kiang and Rose Baker brought unbridled energy, passion and
ambition to this year's festival and curated a full and exciting programme of premieres and gala screenings,
panel talks, and special events whicli showcased the wealth of local talent and shone a spotlight on the best
up-and-coming international talent.
Opening the festival was the world premi¢r¢ of Ballywalter, starring comedian Patrick Kielty in his acting
debut. Directed by Prasanna Puwanarajah and written by Belfast's own Stacey Gregg (Here Before), the film
follows Eileen (Seana Kerslake), a caustic, unrepentant University drop-out whose dreains of a successful
life in Londoii have fallen by the wayside.
In the spirit of cross-border collaboration, the festival closed with a joint Irish Premiere with the Cork Film
Festival of the highly anticipated Aftersun starring Paul Mescal, which had been generating significant buzz
since its world première at the Cannes Film Festival in May.
This year's festival saw the launch of new awards, presented by a jury of international filmmakers and
industry professionals, including BAFTA and Acad¢my-Award-winning auteur Andrea Arnold. The
International Fcature Competition offered a total prize fund of £IO,OOO' the Director of a first or second
feature competed to win £7,000 for Best Film Director, while Jury Prizes of £1,500 each were awarded for
Outstanding Craft Contribution and Breakout Performance.
A vibrant New Cinema selection was packed with premieres, including Venice 2022 winner All the Beauty
and the Bloodshed. We slione a solidarity spotlight on Ukrainian cinema and screened imprison¢d Iranian
filmmaker Jafar Panahi's No Bears. The new Blurred Lines strand offered hybrid docs, includiiig the genius
of Charlie Shackleton with As Mine Exactly. Actor/directors Prasanna Puwanarajah (Ballywalter) and Tony
Devlin (The Quarry) both presented feature debuts. The UKllreland premiere of Mark Cousins, The March
on Rome was a timely contribution, exploring the ascent of Italian fascism.
Further highlights included a Scary Women horror strand, an XR Festival in collaboration with Deepa
Mann-Kler, and a rare opportunity to see Douglas Sirk masterpieces on the big screen. Using the built
heritage venue of the old Bank of Ireland, the Vox Populi event was a cinematic tour offering a selected
archive of short'vox pop, interviews from tlie people of Northern Ireland.
There are two major factors which have influenced the state of the company the Covid pandemic and the
cost of living crisis. Bearing in mind that the planning for our festivals was completed before both th¢se
happpened, these mitigating factors have had serious detrimental effects on various aspects of our company.
It has been much more difficult to secure volunteers this past year. audience numbers are taking a long time
to com¢ back to anywhere near pre-pandemic levels - some people still do not wish to come out and sit in
rowded spaces. The cost of living has an impact - cinema is not seen as an essential purchase. Box office
income was less than projected. And of course, as everyone knows, costs continue to rise. Guest travel was
much higher than projected - particularly flights, even with th¢ 'budget airlines.
We lost two sources of
income - we were unsuccesful in our bid this year to Tourism NI and the BFI r¢duced our funding (by £8K)
through Film Hub Nl.
We have had major staff changes. Our programmer moved to a new role in a new organisation (CQAF) and
with the changes in the dellvery of our festivals, content, we have ramped up our profile and employed 2 new
programmers - one responsible for international films and another responsible for UKllreland.

Belfast Film Festival Limited
ort of the Trustees
for the Year Ended 31 March 2023
FINANCIAL REVIEW
Financial position
The company had net outgoing resources for the year of £32,066 (2022: net incoming resources of £57,244),
which reflected the completion of a number of projects during the year.At 31 March 2023 Unrestricted funds
increased by £63,076, while restrlcted funds decreased by £95,142.
Reserves policy
The charity's policy is to retain a level of free reserves, which matches the needs of the organisation both at
the current time and in the foreseeable future. The reserves required should be sufficient to meet committed
grant expenditure and the running costs for a period equivalent to six months annual expenditure. The
charity has developed a plan to establish and maintain this agreed level of free reserves. The charity will
continue to monitor compliance with this policy on a regular basis and the Committee will review the
appropriateness of the policy annually.
FUTURE PLANS
We have an aim to double our audienc¢ figures annually over the next 5 years. Future planning is hampered
by the fact that the organisation works on an annual funding basis, it would benefit greatly froin a
longer-term funding agreement from core funders.
With the recruitment of a new, dynamic team it is intended to raise the festival to a whole new level, with
innovative and exciting initiatives including an international competition.
Over the coming 4 years we plan to continue to build audiences for all our activity, in particular we will
focus on audience building for the new Belfast Stories site.
We continue to seek and apply for new funding revenues.
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.

Belfast Film Festival Limited
ort of the Trustees
for the Year Ended 31 March 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
LIST OF BOARD MEMBERS
Marie- Therèse McGivern (Co-chair)
Marie-Therèse recently served as Principal and Chief Executive of Belfast Metropolitan College. Prior to
that, she was Director of Development at Belfast City Council where she was responsible for economic
development, arts, tourism, events and community services. She is Chair of Maritime Belfast and also Chair
for the Employability and Skills Advisory Board for the £IOb Belfast Region City Deal. She is a
Non-Executive Director of the Strategic Investment Board for Northern Ireland.
Lisa Barros D'sa (Co-chair)
Film director, writer and producer. studied English at University of Oxford. MA in Screenwriting from
London University of the Arts. Born in Belfast, she is best known for co-directing and producing tlie 2019
feature film Ordinary Love. co-directed the films Good Vibrations and Cherrybomb with husband Glenn
Leyburn- Based on these three 'strikingly different, feature films, the Irish Times described Barros D'sa and
Leyburn as "the most important contemporary filmmakers working from Northern Ireland"
Dr Louise O'meara (Vice-chair)
Programme Director, Clinton Leadership inst. QUB
Leadership development expert with 30 years of experience, including the design and delivery of pioneering
learning interventions in Ireland, Europe and internationally. Has been a Programme Director at the William
J Cliiiton Leadership Institute at Queens University Belfast for the past 5 years. Regional Director of the
Interaction Institute for Social Change for 16 Years sp¢¢ialising in Leadership and Collaboration, a specialist
developing higli-impact leaders and working on traiisforming organisations. Doctorate Social Sciences,
University College Cork.
Dr. Laurence McKeown (Treasurer)
Author, playwright, screen writer 2001 present- Writer of the Les Blair directed feature film H3 about the
1981 hunger strike which premiered in 2001, co-written with long-time collaborator Brian Campbell
(d.2005)' The pair wrote two plays together, The Laughter of Our Children (2001), and A Cold Hous¢
(2003)- first solo play, The Official Version, (2006). Two Roads West with Kabosh Tlieatre company, a
site-specific play set in a Belfast black cab, where the audience enters the cab with the two actors.
Performed Belfast and Derry. Writer of the Green and Blue premiered as part of the Belfast Intcrnational
Festival (2016). Produced by Kabosh, Gr¢en and Blue dramatises th¢ realities faced by, and unlikely
relationship between, a Garda officer and an RUC officer. Publications Nor Meekly Serve My Time.. The
H-Block Struggle 1976-1981 (1994, co-written with Brian CaiTJpbell and Felim O'Hagan}; Out Of Time:
Irish Republican Prisoners, Long Kesh, 1972-2000 (2001). Threads (2019). Time Shadows
A Prison
Memoir (2021); Founding member of Belfast Film Festival.
Mark Cousins
Northern Irish director and writer based in Edinburgh; he is a prolific documentarian, best known for his
15-hour 2011 documentary The Story of Film: An Odyssey; interviewed many famous filmmakers and actors
including Jane Russell, David Lynch, Martin Scorsese and Roman Polanski in the TV series Scen¢ by Scene-
presented the BBC cult film series Movicdrome from June 1997 to July 2000. H¢ introduced 66 films for the
show; has made over 50 documentaries; was director of Edinburgh Film Festival; Cousins joined the jury of
the BFI London Film Festival 2021. Co-Artistic Director of 'Cinema China,, 'The Ballerina Ballroom Cinema
of Dreams, and 'A Pilgrimage, with Tilda Swinton; with Antonia Bird, Robert Carlyle and Irvine Welsh,
Cousins is a director of the production company 4Way Pictures. Between 2001 and 201 I wrote for Prospect;
now writes for Sight & Sound and Filmkrant.

Belfast Film Festival Limited
ort of the Trustees
for the Year Ended 31 March 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Nisha Tandon
Nisha is a soclal entreprenuer, founder & director of ArtsEkta- one of the few organisations on the island of
Ireland promoting etlinic arts, culture and heritage. She founded ArtsEkta in 2006 after pinpointing a gap for
quality ethnic arts engagement in the sector. Studied and obtained a degree from the National School of
Drama in New Delhi. Former member of the execiitive board of the Arts Council of Northern Ireland.
Member of the Intercultural Arts Steering Group which oversees the implementation of the Intercultural Arts
Strategy developed by ACNI. Member of Belfast City Council's Festival Forum strategy sub group. NI
representative for Voluntary Arts BAME Advisory UK Panel. Former trustee of Cahoots Nl Theatre
Company. Community Arts Forum. European Mela Network. MeiT)ber of UTV'S Regional Advisory Board.
Founding member of 'Stronger Together,, a collaboration of organisations in the field of racial equality,
supporting an integrated community development approach to tackling racisin, and proinoting good relations.
Kevin Jackson
Film and TV producer with over 30 years, experience of broadcast television and feature film production- l O
years, experience of theatre production, including writing and directing. involved in various capacities in
over 80 titles for the BBC. Head of Production for 'BALLYKISSANGEL', 'FALLING FOR A DANCER,,
'AMONGST WOMEN OCCUPATION,. Has worked with Ronan Bennett, Danny Boyle, Alan Clarke,
Simon Cellan Jones, Michael Winterbottom, Oliver Hirschbiegel, Ronan Beiinett, Jiinmy McGovern, Guy
Hibbert, Pete Bowker. Retired from BBC (2010), he worked with Fox on "Sons of Anarchy Season 3 in Nl.
produced the multi award winning feature film 'BEHOLD THE LAMB, (2011). produced THE TRUTH
COMMISSIONER (2015). Associate Producer THE DEVIL'S DOORWAY" (2016); Executive Producer
ZOO" (2017). Producer of multi award wiiining TV Film UPS & DOWNS" (2019). Executive Producer
THE LAST RIFLEMAN (2022). Has previously served as Chair and remaiiis a Board inember of The
Belfast Film Festival.
Lucy Baxter
Lecturer, Ceiitre for Documentary Research, QUB
18 years, experience in TV, film and digital content; ran a production company in London. producer and
director of documentary, drama, independent film and digital content for TV/digital broadcast and theatrical
rel¢ase' Research curr¢ntly is across creative enterprise, creative producing in documentary and fiction. Irish
cross border co-production and the applications of digital content and XR/ virtual reality film in health and
social care, particularly emotional trauma. produced and directed an animated film. Pl on a Future Screens
Nl funded VR project as part of her inter disciplinary research project Mental Abuse Matters, which is the
subject of her PhD.
Mich¢le Devlin (Company Secretary) - Festival Director
PROGRAMMING SUB COMMITTEE - Kevin Jackson, Laur¢nc¢ McKcown, Michele Devlin
STAFFtNG SUB cOMMI￿EE - Louise O'M¢ara, Laurence McKeown, Michele Devlin
PATRONS
Terry George - Film-maker
Hotel Rwanda, In The Name of the Father, Some Mother's Son, Reservation Road, The Shor¢
David Holmes - Composer, Producer
Good Vibes, I Am Belfast, Oceans I I, Five Minutes of Heaven, Cherrybomb, Ordinary Love
William Crawley - Presenter BBCNI
Presented also on various documentaries

Belfast Film Festival Limited
ort of the Trustees
for the Year Ended 31 March 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Stephen Rca - Actor
Multiple titles including V for Vendetta, Michael Collins, The Crying Game. Founding member Field Day
Theatre.
Wider network
LIST OF STAFF MEMBERS
Michele Devlin (Director). Mary Lindsay (Marketing Manager). Sara Morrison (Inclusion/Audience
Development). Moyra Lock (Finance/Admin (Freelance)).
Temp Staff 2022-23
Jessica Kiang (Programmer). Rose Baker (Programmer). Stuart Sloan (Programmer). Roisin Geraghty
(Marketplace and Industry Co-ordinator)- Simeon Costello (Box Office Manager). Benen Dillon (Events
Manager); James Hall (Programming Assistant). Tresca Mallon (Marketing Assistant)- Richard Davis (Guest
Liaison). Mitchell Harper (Guest Coordinator). Lizzie Howard (Box Office Manager). Ain¢ Grogan
(Volunteer Coordinator); Dara Mcwade (Box Office Assistant).
Risk management
The principles of good governance are embedded within all aspects of Belfast Film Festival Limited,
operations with management and staff being keenly aware of the Boards responsibility of ensuring that the
organisation protects itself from financial exposure and reputational damage, A close working relationship is
maintained between the Board and management to ensure that operationally staff are aware of the standards
required of them by the Board and the Board are always in a position to provide guidance and support to
management in tlie discharge of their duties. Tliis two way relationship is the key feature of Belfast Film
Festival Limited governance arrangements and is a key strength in the company.
A conscientious approach to ensuring that contractual project requirements are achieved has been maintained
at all times both in the accounting period being reported on and since Belfast Film Festival Limited
establishment. Very tight financial controls on expenditure and all financial commitments are maintained at
all times and project staff have been trained and have become experienced in budgetary controls.In both
these areas 1¢ Project delivery and financial controls management all staff have established close working
relationships with funding organisations to ¢nsur¢ all fflandatory standards ar¢ consistently a¢hi¢ved. Board
representatives also actively engage with funding bodies.
The Board, management and staff are fully aware that the nature of th¢ work in which B¢lfast Filin Festival
Limited is involved can bring with it a high level of scrutiny to ensur¢ that all activities are fully compliant
with funding requirements and, therefore, beyond reproach. The Board of Belfast Filin Festival Limited is,
thereforc, greatly reassured of the company's compliance with the highest of standards of governance on th¢
basis that all monitoring and evaluation of project delivery dcmonstrates achi¢vcm¢nt of all funders
objectives and that funders, audits and vouching of financial expenditur¢ and the independent examiners
report confirin compliance with both probity and regularity in the use of monies received.
STATEMENT OF TRUSTEES, RESPONSIBILITIES
Th¢ trustees (who are also the directors of Belfast Film Festival Limited for th¢ purposes of Coinpany law)
are responsible for preparing the Report of the Trustces and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice) including Financial Reporting Standard 102 The Financial Reporting Standard
applicable in the UK and Republic of Ireland"

Belfast Film Festival Limited
ort of the Trustees
for the Year Ended 31 March 2023
STATEMENT OF TRUSTEES, RESPONSIBILITIES - continued
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 fiiiancial 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.
This report has beeii prepared in accordance with the special provisions of Part 15 of the Companies Act
2006 relating to sinall companies.
Approved by order of the board of trustees on 7 August 2023 and signed on its behalf by:
Michele Devlin - Secretary
io

Inde
endent Examiner's Re
Belfast Film Festival Limited
I report on the accounts of the company for the year ended 31 March 2023, which are set out on pages
thirteen to twenty nine.
ort to the Trustees of
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 Inyself that the charity is not subject to audit under company law and is eligible for
independent examination, it is my responsibility to..
exainine the accounts under Section 65 of tlie 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 Coinmission 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 Cxplanations 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..
That accounting records were not kept in accordance with Section 386 of the Companies Act 2006
That the accounts do not accord with those accounting records
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
That there is further information needed for a proper understanding of the accounts to be reached.
Independent examiner's statement
Since your charity's gross income exc¢eded £250,000 your examiner must be a member of a listed body. I
can confirin that I am qualified to undertake the examination because l am a tnember of the Institute of
Chartered Accountants in Ireland which is one of the listed bodies.
I have completed my examination and have no concerns in r¢sp¢ct of the matters (l ) 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.
Mr Bil
Lynn Drake & Co Ltd
Chartered Accountants
1st Floor
34 B-D Main Street
Moira
Co. Annagh

Inde
endent Examiner's Re
Belfast Film Festival Limited
BT67 OLE
ort to the Trustees of
7 August 2023
12

Belfast Film Festival Limited
Statement of Financial Activities
Incor
oratin
an Income and Ex
for the Year Ended 31 March 2023
enditure Account
31.3.23
Total
funds
31.3.22
Total
funds
Unrestricted Restricted
fund
funds
Notes
INCOME AND ENDOWMENTS FROM
Charitable activities
Grants Receivable
2,000
370,247
372,247
317,048
Other trading activities
83,702
14,280
97,982
114,611
Tot21
85,702
384,527
470,229
431,659
EXPENDITURE ON
Charitable 2¢tivities
Direct Expenses
Governance
24,644
475,002
4,667
499,646
4,667
374,716
3,887
Total
24,644
479,669
504,313
378,603
NET INCOMEI(EXPENDITURE)
Other recognised gains/(losses)
Gains on revaluation of fixed assets
61,058
(95,142)
(34,084)
53,056
2,018
2,018
4,188
Net movement in funds
63,076
(95,142)
(32,066)
57,244
RECONCILIATION OF FUNDS
Total funds brought forward
174,692
176,148
350,840
293,596
TOTAL FUNDS CARRIED FORWARD
237,768
81,006
318,774
350,840
The notes form part of th¢s¢ financial statements
13

Belfast Film Festival Limited
Statement of Financial Position
31 March 2023
31.3.23
31.3.22
Notes
FIXED ASSETS
Tangible assets
Investments
88,931
131,521
7,185
129,503
10
220,452
136,688
CURRENT ASSETS
Debtors
Cash at bank
20,000
82,403
64,063
170,436
102,403
234,499
CREDITORS
Amounts falling due within one year
12
(4,081)
(20,347)
NET CURRENT ASSETS
98,322
214,152
TOTAL ASSETS LESS CURRENT
LIABILITIES
318,774
350,840
NET ASSETS
318,774
350,840
FUNDS
Unrestricted funds
Restricted funds
14
237,768
81,006
174,692
176,148
TOTAL FUNDS
318,774
350,840
The cliaritable company is entitled to exemption from audit under Section 477 of the Companies Act 2006
for the year ended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended
31 March 2023 in accordance with Section 476 of the Companies Act 2006.
Th¢ 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 stateinents 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 th¢ Companies Act 2006 relating to financial statements, so far as applicable to the
charitable company.
The notes form part of thcsc financial statements
14
continued...

Belfast Film Festival Limited
Statement of Financial Position - continued
31 March 2023
These financial statements have been prepared in accordance with the provisions applicable to charitable
companies subject to the small companies regime.
The financial stateinents were approved by the Board of Trustees and authorised for issue on 7 August 2023
and were signed on its behalf by..
Laurence McKeown - Trustee
Louise O'Meara- Trustee
The notes form part of thes¢ financial statements
15

Belfast Film Festival Limited
Notes to the Financial Statements
for the Year Ended 31 March 2023
ACCOUINTING POLICIES
Basis of preparing the financial statements
(a) General information and basis of preparation
Belfast Film Festival ts constituted as a company limited by guarantee incorporated in Northern
Ireland (N1032251). In the event of the charity being would up, the Ilability in respect of the guarantee
is limited to £1 per member of the charity.
The charity constitutes a public benefit entity as defined by FRS 102. 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 in the UK and Republic of Ireland (FRS 102), the Financial
Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the
Charities Act (Northern Ireland) 2013, the Companies Act 2006 and UK Generally Accepted Practic¢
as it applies from l January 2015.
The financial statements are prepared on a going concerii basis under the l)istorical cost convention,
modified to include certain items at fair value. The financial statements are presented in sterling
which is the functional curr¢n¢y of the Charity..
The significant accounting policies applied in the preparation of these financial statements are set out
below. These policies have been consistently applied to all years presented unless otlierwise stated.
(b) Funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general
objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for pai'ticular
purposes. The aim and use of each designated fund is set out in the notes to the financial stateinents.
Restrict¢d funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the charity for particular purposes. The cost of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes to the financial statements.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
statements.
(c) Income recognition
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity
is legally entitled to the incomc after any performance conditions have been met, the amount can be
measured reliably and it is probable that tlie income will be received.
16
continued...

Belfast Film Festival Limited
Notes to the Financial Statements - eontinued
for the Year Ended 31 March 2023
ACCOUNTING POLICIES- Continued
Basis of preparing the financial statements
For donations to be recognised the charity will have b¢¢n notified of the amounts and the settlement
date in writing. If there are conditions attached to the donation and this requires a level of
performance before entitlement can be obtained then income is deferred until those conditions are
fully met or the fulfilment of those conditions is within the control of the charity and it is probable
that they will be fulfilled.Voluntary income is received by way of grants, donations and gifts and is
included in full in the Statement of Financial Activities (SOFA) when receivable. Income received
from collections is recognised when received.
Donated facilities and donated professional services are recognised in income at their fair value when
their economic benefit is probable, it can be measured reliably and the Charity has control over the
item. Fair value is determined on the basis of the value of the gift to the charity. For example the
amount the charity would be willing to pay in the open market for sucli facilities and services. A
correspoiiding amount is recognised in expenditure.
No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102).
Further detail is given in the Trustees, Annual Report.
For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the
legacy being received. At this point income is recognised. On occasion legacies will be notified to the
charity however it is not possible to measure the amount expected to be distributed. On these
occasions, the legacy is treated as a contingent asset and disclosed.
Income from trading activities includes income earned from fundraising events and trading activities
to raise funds for the charity. Income is received in ¢xcliange for supplying goods and services in
order to raise funds and is recognised when entitlement has occurred.
The charity receives government grants which are detailed within the notes to th¢se financial
statemeiits. Incom¢ from government and other grants are recognised at fair value when the charity
has entitleinent after any perforinance conditions have been tnet, it is probable that the income will be
received and the amount can be ineasured reliably. If entitlement is not met then these amounts are
deferred.
(D) Expenditiure recognition
All expendTture is accounted for on an accruals basis, inclusive of VAT which cannot be recovered
and has been classified under headings that aggregat¢ all costs related to th¢ category. Expenditure is
recognised where there is a legal or constructive obligation to make payments to third parties, it is
probable that the settlement will be required and the amount of the obligation can be measured
reliably. It is categorised und¢r the following headings-
Costs of raising funds includes the costs associated with attracting voluntary incomes;
Expenditure on charitable activitics includes those costs incurred by the charity in the delivery of its
activities and services for its beneficiaries. It includes both costs that can b¢ allocated directly to such
activities and those costs of an indirect nature necessary to support them. and
Other expenditure represents those items not falling into the catcgories above.
Iirecoverable VAT is charged as an expense against the activity for which expenditure arose.
17
continued.

Belfast Film Festival Limited
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
ACCOUNTING POLICIES - continued
Basis of preparing the financial statements
Grants payabl¢ to third parties are within the charitable objectives. Where unconditional grants are
offered, this is accrued as sooii as the recipient is notified of the grant, as this gives rise to a
reasonable expectation that the recipient will receive the grants. Where grants are conditional relating
to performance then the grant is only accrued when any unfulfilled conditioiis are outside of the
control of the charity.
(e) Support costs allocation
Support costs are those that assist the work of the charity but do not directly represent charitable
activities and include office costs, governance costs, administrative payroll costs. They are incurred
directly in support of expenditure on the objects of th¢ charity and include project management
carried out at Headquarters. Where support costs cannot be directly attributed to particular headings
they have been allocated to cost of raising funds and expenditure on charitable activities on a basis
consistent with use of the resources. Premises overheads have been allocated on an insert detail basis
and other overheads have been allocated on a basis Consistent with the use of resources.
Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs
of disseininating inforination in support of the charitable activities.
(D Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment
losses. Cost includes costs directly attributable to making the asset capable of operating as intended.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less
estimated residual value, of each asset on a systematic basis over its expected useful life as follows:
Improveillent to Property
Fixtures & Fittings
25 % Straight Line
250/0 Straight Line
(g) Financial Instruments
A financial ass¢t or a financial liability is recognised only when the charity becomes a party to the
contractual provision of the instrument.
Basic financial instruments are initially recognised at the amounts receivable or payable including any
related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration
expected to be paid or relived and not discounted.
Debt instruments arc subsequently measured at amortised cost.
Where investments in shares arc publicly 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 arc subsequently measur¢d at cost less
impairment.
18
continucd...

Belfast Film Festival Limited
Notes to the Financial Statements- continued
for the Year Ended 31 March 2023
ACCOUNTING POLICIES- continued
Basis of preparing the financial statements
Other financial instruments, including derivatives, are initially recognised 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
discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value with any changes recognised in
the statement of financial activities, with the exception of hedging instruments in a designed hedging
relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of
impairment at the end of each reporting date. if there is objective evidence of impairment an
impairment loss is recognised under the appropriate heading in the statement of financial activities in
which the initial gain is recognised.
For all equity instruments regardless of significance, and other financial assets that are individually
significant, these are assessed individually for impairment. Other fii)ancial assets are either assessed
individually or grouped on the basis of similar credit risk cliaracteristics.
Any reversals of impairinent are recognised immediately, to the extent tliat the reversal does not result
in a carrying ainount of the financial asset that exceeds what the carrying amount would have been
had the impairment not previously been recognised.
(h) Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at
each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's
cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount
exceeds its recoverable amount. an impairment loss is recognised in profit or loss unless the asset is
carri¢d at a revalued amount where the impairment loss is a revaluation decrease.
(i) Provisions
Provisions are recognised when the charity has an obligation at the balance she¢t date as a result of a
past event, it is probable that an outflow of economic benefits will be required in settlement and the
amount can be reliably estimated.
(i) Leases
Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term
and the expected useful life of th¢ asset. Minimuin lease payments are apportioned between the
finance charge and the reduction of the outstanding lease liability using the effective interest method.
The related obligations, net of future finance charges, are included in creditors.
Rentals payable and receivable under operating leases are charged to the SOFA on a straight line basis
over the period of the lease.
(k) Tax
19
continued..

Belfast Film Festival Limited
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
ACCOUNTING POLICIES- CODtinued
Basis of preparing the financial statements
No provision is required for taxation as the company is defined as a charity for taxation purposes.
The charity is a registered charity and so such is entitled to certain tax exemptions on income and
profits froin investments and surpluses on any trading activities carried on in furtherance of the
charity's primary objectives, if these profits and surpluses are applied solely for charitable purposes.
(l) Going concern
The financial statements have been prepared on a going concern basis as the trustees believe that no
material uncertainties exist. The trustees have considered tlie level of funds held and the expected
level of income and expenditure for 12 inonths from authorising these financial statements. The
budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to
continue as a going concern.
(m) Judgements estimates
The following judgements including those involving estimates that have been made in the process of
applying the above accounting policies that have had the most significant effect on the amounts
recognised in the financial statements and that have a significant risk of causing a material adjustment
to the carrying amounts of assets and liabilities within the next financial year:
(i) depreciation method and asset useful lives
The estimates and assumptions are reviewed on an ongoing basis considering the current and future
market conditions.
Taxation
The coinpany is a registered charity and so such is entitled to certain tax exemptions on income and
profits from investments and surpluses on any trading activities carried on in furtherance of the
charity's priinary objectives, if these profits and surpluses are applied solely for charitable purposes.
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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension schcmc. Contributions payable to
the charitable company's pension scheme are Charged to the Statemeiit of Financial Activities in the
period to which they relate
20
continued...

Belfast Film Festival Limited
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
OTHER TRADING ACTIVITIES
31.3.23
31.3.22
Sundry Income
Sponsorship and Adverts
Box Office
Specific Event Sponsorship
The British Coiincil
Department for Communities Covid Grant
HMRC- CJRS
5,498
45,980
36,504
1,910
37,200
31,377
6,500
i 0,000
10,000
27,624
97,982
114,611
INCOME FROM CHARITABLE ACTIVITIES
31.3.23
31.3.22
Activity
Grants Receivable
Grants
372,247
317,048
Grants received, included in the above, are as follows:
31.3.23
31.3.22
Nl Screen - Annual Funding
Belfast City Council - Annual Funding
Tourism Nl
Film Hub Nl (QUB) BFI
Filin Hub Midlands
NI Screen - Docs Festival
NI Screen - Other
Northern Ireland Screen - Capital
Arts & Business Northern Ir¢land
Department for Communities - Renewal Projects
Arts Council Northern Ireland - Capital
Belfast City Council - Special Funding
Nl Screen - Capital Costs
Screen Ireland
SMEC Group
Film Feels Curious
Summer Cinema
80,000
90,800
18,000
59,200
10,000
61,890
26,568
6,500
750
80,000
49,827
14,800
50,360
25,340
3,250
4,000
5,602
1,255
78,500
4,114
2,000
1,500
15.039
372.247
317,048
21
ontinued...

Belfast Film Festival Limited
Notes to the Financial Statements - continued
ror the Year Ended 31 March 2023
CHARITABLE ACTIVITIES COSTS
Support
costs (see
note 5)
Direct
Costs
Totals
Direct Expenses
Governance
476,685
22,961
4,667
499,646
4,667
476,685
27,628
504,313
SUPPORT COSTS
Governance
costs
Management
Totals
Direct Expenses
Governance
22,961
22,961
4,667
4,667
22,961
4,667
27,628
NET INCOME/(EXPENDITURE)
Net incomel(expenditure) is stated after charging/(crediting):
31.3.23
31.3.22
Independent Examination Fee
Accountancy Fee
Depreciation owned assets
1,240
2,512
14,918
1,240
2,010
4,850
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 March 2023 nor for the
year ended 31 March 2022.
Trustees, expenses
There were no trustees, expenses paid for the year ended 31 March 2023 nor for the year ended
31 March 2022.
22
continued...

Belfast Film Festival Limited
Notes to the Finaneial Statements - continued
for the Year Ended 31 Mareh 2023
STAFF COSTS
31.3.23
31.3.22
Wages and salaries
Social security Costs
Other pension costs
98,032
5,297
3,283
116,902
7,556
3,766
106,612
128,224
The average monthly number of employees during the year was as follows..
31.3.23
31.3.22
Management & Administration
No employees received emoluments in excess of £60,000.
TANGIBLE FIXED ASSETS
Improvements Computers
to
aiid
property
Equipment
Totals
COST
At l April 2022
Additions
121,659
144,185
96,664
265,844
96,664
At 31 March 2023
121,659
240,849
362,508
DEPRECIATION
At l April 2022
Charg¢ for year
121,659
137,000
14,918
258,659
14,918
At 31 March 2023
121,659
151,918
273,577
NET BOOK VALUE
At 31 March 2023
88,931
88,931
At 31 March 2022
7,185
7,185
23
continued...

Belfast Film Festival Limited
Notes to the Financial Statements- continued
for the Year Ended 31 March 2023
10. FIXED ASSET INVESTMENTS
Listed
investments
MARKET VALUE
At l April 2022
Revaluations
129,503
2,018
At 31 March 2023
131,521
NET BOOK VALUE
At 31 March 2023
131,521
At 31 March 2022
129,503
There were no investment assets outside the UK.
Cost or valuation at 31 March 2023 is represented by:
Listed
investments
Valuatioii in 2020
Valuatioii in 2021
Valuatioii in 2022
Valiiation in 2023
59,771
5,544
64,188
2,018
131,521
The investinents were valued by CRN Financial Group, l Forestgrove Business Park, Newtownbreda
Road, Belfast, BT8 6AW on 31 March 2023.
11. DEBTORS: AMOUNTS FALLING DUE WITHIIY ONE YEAR
31.3.23
31.3.22
Nl Screen - Annual Funding
Nl Screen Docs Festival
Laura McKeown
Prepayments
20,000
20,000
6,735
1,004
36,324
20,000
64,063
24
continued...

Belfast Film Festival Limited
Notes to the Finaneial Statements - continued
for the Year Ended 31 March 2023
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23
31.3.22
Social security and other taxe5
Other creditors
Accruals and deferred income
13,693
476
3,605
6,654
4,081
20.347
13. ANALYSIS OF NET ASSETS BETWEEN FUNDS
31.3.23
Total
funds
31.3.22
Total
funds
Unrestricted Restricted
fund
funds
Fixed assets
Investments
Current assets
Current liabilities
88,931
88,931
131,521
102,403
(4,081)
7,185
129,503
234,499
(20,347)
131,521
107,038
(791)
(4,635)
(3,290)
237,768
81,006
3 l8,774
350,840
14. MOVEMENT IN FUNDS
Net
movement
in funds
At
3113123
At 114122
Unrestricted funds
General fund
174,692
63,076
237,768
Restricted funds
Capital Grant Reserve
NI Screen - Annual Funding
Nl Screen - Capital Costs
Belfast City Council - Annual Funding
Nl Screen - Docs Festival
Arts Council Northern Ireland - Capital
DFC Renewal Programme
1,255
55,610
81,605
30,778
286
6,564
50
(137)
(55,610)
(6,812)
(30,778)
(286)
(1,469)
(50)
74,793
5,095
176,148
(95,142)
81,006
TOTAL FUNDS
350,840
(32,066)
318,774
25
continued...

Belfast Film Festival Limited
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
14.
MOVEMENT IN FUNDS - CODtinued
Net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Gains and Movement
losses
iii funds
Unrestricted funds
General fund
85,702
(24,644)
2,018
63,076
Restricted funds
Capital Grant Reserve
NI Screen - Annual Funding
NI Screen Capital Costs
Belfast City Council - Annual Funding
Tourism Nl
Film Hub Nl (QUB) BFI
Film Hub Midlands
NI Screen - Docs Festival
Nl Screen - Other
Arts & Business Northern Ireland
Arts Council Northern Ireland Capital
DFC Renewal Programme
Screeii Ireland
British Council Partnership Programme
Film Feels Curious
Suminer Cinema
(137)
(135,610)
(13,312)
(121,578)
(18,000)
(59,200)
( i 0,000)
(62,176)
(26,568)
(750)
(1,469)
(50)
(4,280)
( i 0,000)
(1,500)
(15,039)
(137)
(55,610)
(6,812)
(30,778)
80,000
6,500
90,800
18,000
59,200
i 0,000
61,890
26,568
750
(286)
(1,469)
(50)
4,280
i 0,000
1,500
15,039
384,527
(479,669)
(95,142)
TOTAL FUNDS
470,229
(504.313)
2,018
(32,066)
26
continued..

Belfast Film Festival Limited
Notes to the Financial Statemenls - continued
for the Year Ended 31 March 2023
14. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Net
movement
in funds
At
3113122
At 114121
Unrestricted funds
General fund
188,015
(13,323)
174,692
Restricted funds
Capital Grant Reserve
Nl Screen - Annual Funding
Nl Screen Capital Costs
Belfast City Council - Annual Funding
Nl Screen - Docs Festival
Nl Screen - Other
Arts Council Northern Ireland - Capital
Department for Communities -
Renewal Projects
1,255
(3,557)
75,119
778
286
(7,300)
3,936
1,255
55,610
81,605
30,778
286
59,167
6,486
30,000
7,300
2,628
6,564
50
50
105,581
70,567
176,148
TOTAL FUNDS
293,596
57,244
350,840
27
continued...

Belfast Film Festival Limited
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
14. MOVEMENT IN FUNDS- continued
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Gains and Movement
losses
in funds
Unrestricted funds
General fund
114,611
(132,122)
4,188
(13,323)
Restricted funds
Capital Grant Reserve
Nl Screen - Annual Funding
NI Screeii - Capital Costs
Belfast City Council - Annual Funding
Film Hub NI (QUB) BFI
Nl Screen - Docs Festival
Nl Screen - Other
Arts & Business Northern Ireland
Arts Council Northern Ireland - Capital
Department for Communities -
Renewal Projects
Screen Ireland
1,255
80,000
78,500
49,827
14,800
50,360
25,340
3,250
5,602
1,255
(3,557)
75,119
778
(83,557)
(3,381)
(49,049)
(14,800)
(50,074)
(32,640)
(3,250)
(1,666)
286
(7,300)
3,936
4,000
4,114
(3,950)
(4,114)
50
317,048
(246,481)
70,567
TOTAL FUNDS
431,659
(378,603)
4,188
57,244
IS. CONTINGEIYT LIABILITIES
A contingent liability exists in that the organisation must spend all grants received from funders in
accordanc¢ with the terms and conditions of the letters of offer.
16. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023
28
continued...

Belfast Film Festival Limited
Notes to the Finanei21 Statements - continued
for the Year Ended 31 Mareh 2023
17. WINDING UP
Every member of the Company undertakes to contribute to the assets of the Company, in the event of
the same being wound up while it is a member, or within one year after it ceases to be a member, for
payment of the debts and liabilities of the Company contracted before it ceases to be a member, and of
the costs, charges and expenses of winding up, and for the adjustment of the rights of tlie contributor's
among themselves, such amount as may be required not exceeding one pound.
18. SHARE CAPITAL
The Company is limited by guarantee and has no Share Capital
19. COVID-19
The trustees continue to monitor the impact of Covid 19. The trustees believe there is no adjusting
events to report after the reporting date. The trustees will continue to monitor the situation closely to
secure the viability of the organisation.
29

Belfast Film Festival Limited
Detailed Statement of Financial Aetivities
for the Year Ended 31 March 2023
31.3.23
31.3.22
INCOME AND ENDOWMENTS
Other trading activities
Sundry Income
Sponsorship and Advcrts
Box Office
Specific Event Sponsorship
The British Council
Department for Communities Covid Grant
HMRC- CJRS
5,498
45,980
36,504
1,910
37,200
31,377
6,500
10,000
10,000
27,624
97,982
114,611
Charitable activities
Grants
372,247
317,048
Total incoming resources
470,229
431,659
EXPENDITURE
Charitable activities
Salaries & NIC
Social security
Pensions
Telephone & Internet
Marketing & Publicity
Sundries
Festival Hospitality, Expenses & Artist Fees
Training
Freelance Staff
Film Exliibition & Screening Fees
Staff Travel & Subsistence
Box Office
Other Projects
Year Round Programmes
Depreciation of tangible fixed assets
98,032
5,297
3,283
2,642
68,248
1,215
55,108
9,197
103.211
68,150
116,902
7,556
3,766
2,533
50,258
1,904
55,236
10,295
49,259
35,218
1,596
6,320
8,709
2,527
27,628
17,229
14,918
4,850
476,685
354,402
Support costs
Management
Relit
Carried forward
2,291
2,291
4,880
4,880
This page does not form part of the statutory financial statements
30

Belfast Film Festival Limited
Detailed Statement of Financial Activities
for the Year Ended 31 March 2023
31.3.23
31.3.22
Management
Brought forward
Insurance
Light and heat
Postage and stationery
Affiliation Fees
Meetings
Maintenance & Repairs
Photocopier
Professional fees
2,291
5,811
1,407
29
1,631
7,588
2,800
1,190
214
4,880
2,880
1,162
266
1,320
5,934
1,031
2,841
22,961
20,314
Governance costs
Independent Examination Fee
Accountancy Fee
Bank Charges
1,240
2,512
915
1,240
2,010
637
4,667
3,887
Total resources expended
504,313
378,603
Net (expenditure)lincome
(34,084)
53,056
This page does not form part of the statutory financial statements
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