E-sign ID.. 7ed59966-3¢574edb-97b9-8fee959906b9
Company registration number: N1062998
Charity registration number.. 102158
Blick Shared Studios
(A company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 28 February 2025
KPS Accountants Limited
50A Main Street
Newcastie
Co Down
BT33 OAD

E-sign ID.. 7ed59966-3¢574edb-97b9-8fee959906b9
Blick Shared Studios
Contents
Reference and Administrative Details
Trustees, Report
2to3
Independent Examiner's Report
4t05
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
8t012

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Blick Shared Studios
Reference and Administrative Details
Trustees
Catherine McGinnis
Alistair Fee
lan Roland Pitt
David James Wo(Kls
Gillian Caves
Liam Mcgarry
102158
Charity Registration Number
Company Registration Number N1062998
The charity is incorporated in Northern Ireland.
46 Hill Str￿t
Belfast
Co Antrim
BT12LB
Registered Office
Independent Examiner
KPS Accountants Limited
50A Main Street
NewcasUe
Co Down
BT33 OAD
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Blick Shared Studios
Trustees. Report
The trustees, who are directors for the purposes of company law, present the annual report together with
the financial statements and auditors, report of the charitable company for the year ended 28 February
2025.
Objectives and activities
Objects and aims
The objects of the Company are
(al the creation of training and employment opportunities by the provision of workspace, studio or
incubation units for use by artists and craftspeople on favourable terms,
(bl the provision of technical assistance or business advice or consultancy to artists and craftspeople in
order to provide training and employment opportunities for unemployed people,
(cl to advance the education of the public in the knowledge, understanding and appreciation of arts and
crafts by establishing and operation a pemianent gallery and multi-purpose space for the holding of
exhibitions, cultural events, workshops, seminars and classes, and
(d} the provision of an information and support network for emerging artists and crafts people.
The Charity provided a variety of events for resident companies and local businesses working in the
creative industries with the aim of helping these businesses to learn, network and grow their business.
Financial review
In 2025, Blick Studios had to move from their long-time premises on Malone Road. New premises were
found on Great Northern Street. The move resulted in a temporary drop in rental revenue and set-up
costs (mix of repairs, maintenance and fixed assets) for Great Northem Street., and a compensatory
payment for moving out of Malone Road.
Trustees and officers
The trustees and offi￿rS serving during the year and since the year end were as follows..
Trustees..
Timothy John Brundle (resigned 30 April 2025)
Catherine McGinnis
Alistair Fee
John Patrick Haran (resigned 1 April 2025)
lan Roland Pitt (appointed 3 April 2025)
David James Woods (appointed 1 April 2025)
Gillian Caves (appointed 1 April 2025)
Liam Mcgary (appointed 1 April 2025)
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Blick Shared Studios
Trustees. Report
Structure, governance and management
Governing document
The charity is controlled by its goveming document, a deed of trust, and constitutes a limited company,
limited by guarantee. as defined by the Companies Act 2006.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure
appropriate controls are in place to provide reasonable assurance against fraud and error.
Statement of Responsibilities
The trustees (who are also the directors of Blick Shared Studios for the purposes of company law) are
responsible for preparing the trustees, report and the financial statements in accordance with applicable
law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland"
Company law requires the trustees to prepare financial statements for each financial year. Under
company law the trustees must not approve the financial ststements 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 concem 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 charitsble company and enable them to ensure that the
financial statements comply with the Companies Act 2006and Charities Act (Northern Ireland) 2008. They
are also responsible for safeguarding the assets of the charitsble company and hence for tsking
reasonable steps for the prevention and detection of fraud and other irregularities.
The annual report was approved by the trustees of the charity on 28 November 2025 and signed on its
behalf by..
C McGinnis
Catherine McGinnis
Trustee
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Blick Shared Studios
Independent Examiner's Report to the trustees of Blick Shared Studios ('the
Company.)
I report to the charity trustees on my examination of the accounts of the Company for the year ended 28
February 2025.
Responsibilities and basis of report
Respective responsibilities of trustees and examiner
As the charity trustees {and also the directors of the company for the purposes of company law) you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies
Act 2006. Having satisfied myself that the charity is not subject to audit under company law, and is eligible
for independent examination, it is my responsibility to=
examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008.,
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., and
state whether particular matters have come to my attention.
Basis of independent examinerfs report
I have examined your charity accounts as required under section 65 of the Charities Act and my
examination was carried out in accordance with the general directions given by the Charity Commission
for Northern Ireland under section 65(9)(b) of the Charities Act. The examination included a review of the
accounting records kept by the charity and a comparison of the accounts presented with those records. It
also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations
from you as charity trustees conceming 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 sects.on 386 of the Companies Act 2006
2. That the accounts do not accord with those accounting records
3. That the accounts do not comply with the accounting requirements of section 396 of the Companies
Act 2006 and with the methods and principles
of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
4. That there is further information needed for a proper understanding of the accounts to be reached.
Independent examiner's statement
I have completed my examination and have no concerns in respect of the matters (1) to {4) listed above
and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have
found no matters that require drawing to your attention.
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Blick Shared Studios
Independent Examiner's Report to the trustees of Blick Shared Studios ('the
Company.)
N Toner
M_&To
Nicole Toner
ACCA
KPS Accountants Limited
50A Main Street
Newcastle
Co Down
BT33 OAD
28 November 2025
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Blick Shared Studios
Statement of Financial Activities for the Year Ended 28 February 2025
{Including Income and Expenditure Account and Ststement of Totsl Recognised
Gains and Losses)
Unrestricted
funds
Total
2025
Note
Income and Endowments from:
Donations and legacies
Charitable activities
2,499
129,125
2,499
129,125
Total income
131,624
131,624
Expenditure on:
Raising funds
Charitable activits'es
{60)
134,344
(60)
134,344
Total expenditure
134,404
134,404
Net expenditure
2,780
2,780
Net movement in funds
(2,780)
(2,7801
Reconciliation of funds
Total funds brought forward
87,083
87,083
Total funds carried forward
84,303
Unrestricted
funds
84,303
Total
2024
Note
Income and Endowments from:
Donations and legacies
Charitable activities
1,600
129,619
1,600
129,619
Total income
131,219
131,219
Expenditure on:
Raising funds
Charitable activities
(670)
135,757
(6701
135,757
Total expenditure
136,427
136,427
Net expenditure
5,208
(5,208
Net movement in funds
(5,208)
(5,2081
Reconciliation of funds
Total funds brought forward
92,291
92,291
Total funds carried forward
11
87,083
87,083
The notes on pages 8 to 12 form an integral part of these financial statements.
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Blick Shared Studios
(Registration number: N1062998)
Balance Sheet as at 28 February 2025
2025
2024
Note
Fixed assets
Tangible assets
8,132
Current assets
Debtors
Cash at bank and in hand
6,246
77,582
4,004
92,737
83,828
96,741
Creditors: Amounts falling due within one year
10
7,657
(9,658
Net current assets
76,171
87,083
Net assets
84,303
87,083
Funds of the charity:
Unrestricted income funds
Unrestricted funds
84,303
87,083
Total funds
11
84,303
87,083
For the financial year ending 28 February 2025 the charity VRS 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 6 to 12 were approved by the trustees, and authorised for issue on 28
November 2025 and signed on their behalf by:
C McGinnis
Catherine McGinnis
Trustee
The notes on pages 8 to 12 form an integral part of these financial statements.
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Blick Shared Studios
Notes to the Financial Statements for the Year Ended 28 February 2025
1 Accounting policies
Statement of compliance
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)) (issued in
October 2019} {Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 and the Companies Act 2006.
Basis of preparation
Blick Shared Studios meets the definition of a public benefit entity under FRS 102. Assets and liabilities
are initially recognised at historical cost or transaction value unless otherwise stated in the relevant
accounting policy notes.
Income and endowments
All incoming resources are included on the Statement of Financial Activities when the charity is legally
entitled to the income and the amount can be quantified with reasonable accuracy.
Expenditure
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate
all cost related to the category. Where costs cannot be directly attributed to particular headings they have
been allocated to activities on a basis consistent with the use of resources.
Government grants
Government grants are recognised based on the accrual model and are measured at the fair value of the
asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants
relating to revenue are recognised in income over the period in which the related costs are recognised.
Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant
relating to an asset is deferred, it is recognised as deferred income.
Taxation
The charity is exempt from corporation tax on its charitable acb"vities.
Tangible fixed assets
Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent
accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
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..
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Blick Shared Studios
Notes to the Financial Statements for the Year Ended 28 February 2025
Asset class
Fixtures and fittings
Depreciation meth¢)d and rate
20°/0 on cost
2 Income from donations and legacies
Unrestricted
funds
General
Total
funds
Grants, including capital grants-
Government grants
Grants from other charities
1,623
876
1,623
876
Totsl for 2025
2,499
2,499
Total for 2024
1,600
1,600
3 Income from charitable activities
Unrestricted
funds
General
Total
funds
129,125
129,125
Totsl for 2025
129,125
129,125
Total for 2024
129,619
129,619
4 Trustees remuneration and expenses
No trustees, nor any persons connected with them. have received any remuneration from the charity
during the year.
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Blick Shared Studios
Notes to the Financial Statements for the Year Ended 28 February 2025
5 Staff costs
The monthly average number of persons (including senior management I leadership team) employed by
the charity during the year expressed as full time equivalents was as follows..
2025
No
2024
No
Number of employees
No employee received emoluments of more than £60.000 during the year.
6 Taxation
The charity is a registered charity and is therefore exempt from taxation.
7 Tangible fixed assets
Furniture and
equipment
Total
Cost
At 1 March 2024
Additions
17,839
9,036
17,839
9,036
At 28 February 2025
26,875
26,875
Depreciation
At 1 March 2024
Charge for the year
17,839
904
17,839
904
At 28 February 2025
18,743
18,743
Net book value
At 28 February 2025
8,132
8,132
At 29 February 2024
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Blick Shared Studios
Notes to the Financial Statements for the Year Ended 28 February 2025
8 Debtors
2025
2024
Trade debtors
Other debtors
4,246
2,000
4,004
6,246
4,004
9 Cash and cash equivalents
2025
2024
Cash on hand
Cash at bank
110
77,472
80
92,657
77,582
92,737
10 Creditors: amounts falling due within one year
2025
2024
Trade creditors
Other taxation and social security
Other creditors
Accruals
2,506
1,267
1,540
2,344
6,533
1,085
2,040
7,657
9,658
11 Funds
Balance at 28
February
2025
Balance at 1
March 2024
Incoming
resources
Resources
expended
Unrestricted funds
General
87,083
131,624
134,404
84,303
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Blick Shared Studios
Notes to the Financial Statements for the Year Ended 28 February 2025
Balance at 29
February
2024
Balance at 1
March 2023
Incoming
resources
Resources
expended
Unrestricted funds
General
92,291
131,219
(136,427)
87,083
12 Anatysis of net assets between funds
Total funds
at28
February
2025
Unrestricted
funds
General
Tangible fixed assets
Current assets
Current liabilities
8,132
83,828
7,657
8,132
83,828
(7,657
Total net assets
84,303
84,303
Total funds
at29
February
2024
Unrestricted
funds
General
Current assets
Current liabilities
96,741
9,658
96,741
(9,658
Total net assets
87,083
87,083
13 Related party transactions
During the year the charity made the following related party transactions..
Trustee John Haran
(Trustee John Haran is the landlord of a rented premises. An amount of £7,258 was paid to Mr Haran for
rent in the current financial year. )
At the balance sheet date the amount due tolfrom Trustee John Haran was £Nil12024 - £Nil).
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Blick Shared Studios
ststement of Financial Activities by fund for the Year Ended 28 February 2025
Unrestricted Funds
Total
Total
Unrestricted Unrestricted
Funds
Funds
2025
2024
Income and Endowments from:
Donations and legacies
Charitable activities
2,499
129,125
1,600
129,619
Total income
131,624
131,219
Expenditure on:
Raising funds
Charitable activities
(60)
{670)
(134,344) (135,7571
Total expenditure
(134,404} (136,4271
Net expenditure
(2,780)
(5,2081
Net movement in funds
(2,7801
(5,2081
Reconciliation of funds
Total funds brought forward
87,083
92,291
Total funds carried forward
84,303
87,083
This page does not form part of the statutory financial statements.
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Blick Shared Studios
Detailed Statement of Financial Activities for the Year Ended 28 February 2025
Total
2025
Total
2024
Income and Endowments from:
Donations and legacies {analysed below)
Charitable activities {analysed below)
2,499
129,125
1,600
129,619
Total income
131,624
131,219
Expenditure on:
Raising funds (analysed below)
Charitable activities {analysed below)
(60)
(134,344)
(670)
(135,7571
Total expenditure
(134,404)
(136,4271
Net expenditure
(2,780)
(5,2081
Net movement in funds
(2,780)
(5,2081
Reconciliation of funds
Total funds brought forward
87,083
92,291
Total funds carried forward
84,303
87,083
This page does not form part of the statutory financial statements.
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Blick Shared Studios
Detailed Statement of Financial Activities for the Year Ended 28 February 2025
Total
2025
Total
2024
Donations and legacies
UK Government grants
Grants - other agencies
1,623
876
450
1,150
2,499
1,600
Charitable activities
Rental income
Other income
118,764
10,361
129,064
555
129,125
129,619
Raising funds
Event expenses
(60)
(60)
(670)
(670)
Charitable activities
Hospitality
Sundry expenses
Bank charges
Depreciation of fixtures and fittings
Wages and salaries
Bookkeeping cost
Rent and rates
Light, heat and power
Insurance
Repairs and maintenance
Telephone and fax
Event expenses
Computer SOf￿are and Maintenan￿ costs
Printing, postsge and stationery
Sundry expenses
Travel and subsisten
Advertising
Accountancy fees
Legal and professional fees
Bad debts written off
(11)
(96)
{256)
1904)
(32,723)
(17,495)
{50,913)
(5,307)
(3.793)
(8,414)
(4,071)
{313)
{879)
{945)
(1.643)
(1,655)
(153)
(1,261)
(1,682)
1,830
(88)
(2851
(33,7151
(14,8401
(51,7391
(8,4511
(2,6401
(9,1341
(4,4141
(9911
(1,3101
(1,1541
(794)
(2,1551
(2,6731
(1,1531
221
134,344
135,757
This page does not form part of the statutory financial statements.
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