Belf4st Plarforni for the Arts Trustees, Report The trustees, who are also directors for the purpose5 of company law, present their annual report to8¢th with thc financial 51Atcm¢nts of the ¢haritsbl¢ ¢ompony for the year end¢d 31 March 2022. Le8al and administsative infornwtkon L8 contained on the ¢ompHny informotion pw prtteediTLg thi$ report. ObJe¢tlwe8 And edvlde$ Objects B¢lfasi Pl#rfomi for the Arts { knowi 8$ Platf¢)m) ) 1$ a voluntary or88nis8tion ¢stablish¢d in M?y 21x19 by gTOUP of ¢onc¢rned individ1$ to as8lSt p¢rsotts with artistic tsl¢nts lo promote themselves kn the generdl public and lo advance the education and understandin8 of the public in the promotion and appreciation of th¢ Arts in Belfast and bcyond. We seek to acheive thi8 by holding regular ¢Khibitions and a PrOgrnm of events designed to meet th¢$¢ oty'e¢iiv¢s. We are an artist led st110 8roup and comtcmpor8ry art gallery now ba8ed in East Belfast. (hjr role is to actively PIDmote cr¢itiv¢ expTCiiOTh, pres¢ntaiion and aec¢$s to ¢ontemrK>rary ort ]Mx¢ti¢¢ through our Exhibition. (hLtr¢o¢h and Studio Progr8mmes. We are Mased by ll Board of Directors drawm from a widc rangc of OTWiSNtions ronnted with thc Art4 all of wly)TtL hav¢ pr)¢tical WQTkinB knowl¢d8¢ vf thr Arts, i¥lhO ar¢ w¢ll quailfi¢d and exp¢ri¢nc¢d in their fi¢lds of ¢Xp¢rtl. Publlc benejli We assist cmergLII8 &rtiSts in nece88iious ¢ir¢urnsthnce8 to become 8elf.8UPPOrting by the provision of 8tudio sp8¢¢ and fA¢iliii¢s. advice 8nd trainin& allowing them to dev¢lop their talents. We also manage an arena for public art cxhibitions, demonstrations and Iccturcs and as a centrc for other art related aciivitie$ whi¢h en¢ourn8¢9 8ppTviation for and PArticipalion in community bas¢d arts actlVLtics dcsi8ttcd to enable mcmbcrs of the gencral public to explor¢ their ¢rc4tivity. Th¢s¢ activities sme to edu¢at¢ and ittfomi th¢ g¢n¢ral public in the appr¢¢i8tion orth¢ 8rt8. The tnLsl¢¢s wnfirn) that th¢y have ¢omplied with thc requiTem¢nts of section 4 of thc Charities Act 2008 to have due reB8rd to the publi¢ benefit guidance published by Th¢ Charity Commission for North¢rn Ir¢iand. Pa8e 3
Belfast Plarforni for the Arts Trustees, Report Aehlevenhettts •tsd perforth¢t Since opelling during 2021 in the Coothswow Shopping comple4 w¢ have a Strong CODnecti(XL and est8blish¢d ours¢lv¢s as part of the cornty and ecosy5tcm there. Eayt Bclfast has seen a Creative 8¢Otrification initi8tive which Platforn has pl&yed a part in. With 'in person, exhibitions returning to Post Covid nonnality in M4wh 2021 w¢ (k¢i(kd to move bttck from virtual exhibitions to fully re-opening the gallery on¢¢ again to th¢ public and ¢ot)tinue with events similar to those prior to the Covid 19 pandemic. With our improved prani8es this wa8 the time to ¢st&blish our mark in East Belf1 with surqjort fTom Centre mort28¢m¢nl and other local 8alleries around. In November 2021 we hosted Platfonn's fLTsI Salonathon Exhibition which was an op¢n invÈt8ti(m for lo¢al artLSts to submit work to be exhibite& resuliin8 Ln 70 arhvorks from Frf)th profe&8ional and Tlovice artists. The ¢xhibiiion g¢nerd a huge 8m¢)unt of ittl¢ra¢tiott and int¢r¢st as well as dottation5 to th¢ gallcry. 1¢ was filmed and do¢wnent¢d by lo¢41 TV channel Nvfv which put our 8tamp on our new hom¢ in E8St Belfast. With a newly estsblishcd rcsidence and thc ability to huvc 'in pcrson, cvent$ again the spe h85 8150 wclcomcd thrce new arti$is in r¢sidcn¢c whi¥h has h¢lp¢d 8upport th¢ sall¢ry with athnin and mAint¢nanc¢ costs. In 2021-2022 ihe 8811¢ry has re¢¢ived ¢xhbition applications from both local and internalional aTti5ts which is how hclpin8 to build PIAtform'$ $talUS a5 an ¢$tsbli$h¢d B¢lf&81 Artist run. artist led. Ballery. The futwe 8oa18 of thks arts or8ani5ation are centered Around btsildin8 a Stronger community 8Pirit and ¢oll¢¢tive mindset BmOll8 thc mcmbcr5 of Platfomi. Fln4ntl81 revlew Prlftclfftwlfndlng #re¢S Th¢ msin in¢ominy r¢8ourc¢s are doThations from membcrs for the use of 5th10 accomodation. In addition thc Platfonn bencifts from thc usc of Bclfast pr¢mis¢y on a rent fr¢¢ bAsi$, th¢ notional r¢ni valu¢ of £35,000 p.a. 18 shown as boih an incoming and outgoing ttSOUTC¢. Stru¢tur4 EovernAn¢e Nalmre olgov£rMlnK docwmenl Bclfast Platforni for the Arts is ll cornpany limikd by guarnntce which i¥ goY¢rned by its MemorADdum ond Arti¢l¢s of A$8wiatio R¢¢r¥lth¢•rAwd4ppdftlm¢nlyftrx¢e¢s TnLSt¢¢s. who ¢ also Exe¢utive Commit¢ee membcr5. arc noMinad and elected annually by fvll metnba¥ at the AGM and al80 by the Exerutive Committ¢c during the year to fill casual vo¢an¢i¢s should th¢ need arise. Existin8 Cornrnittee members are eligible for relection. Office Bearers ar¢ elecd by th¢ Committee from among their number at the fiTSt full CommittK m¢¢tin8 after th¢ AGM. Managernent of the charity 18 undertskcn by the Trusi¢¢$. No ffmun¢rntion for servi¢¢s is paid to any Tnwtee. Pag¢ 4
Btlfast Plarforni for tht Arts Financixl illstruments The cbaritys activities extffte it to a number of fin8[lat iisks inclwlittg credit risL c&sh flow risk aThJ liquidity risk. The use of fmancial derivativ is governed by tr¢ ¢lwity's polici¢5 by b(wd of trust¢4 whi¢h povide written prilpleS on the of fttwxial dczivatives to mana8C tlxsc risks. The charity dS not The use of studio accoJnodatioD is closety nwthiiOTttI re8ularcvthts are held to njaintsin inc(Mn¢. Tr ¢lwity'5 LTdit rt5k is wittwily attriTrArt&ble its tr&le rtteivobl¢s. The pres in the ba]ance sheet are net of allowances for (hubtfijl rtteivabl&s. An 8llowatKe for irntAinDent is wherc there is ideotified loss event Whic b&sed OD trtvio expuiewq is ¢thce of a reduct in recoverability of the cash flows. The charity h&$ Do si80ifiL cwrentratioD of crcdit with expyswe ovts a I of Liqidtiy risk In order to maiDthiD liquidity th ¢n%ure g]ffici¢ot fiwds arE a11bIt foT othgoing opeTions and fil Small compamie5 provi5iOD StatemM¢ The annual reFrfTrrtw&q aFyrovedby trustees of the i*arity 15 June 21)23 and si OD its bebalf by: Ekaterina Solomaiina Dire¢ts)r and Ttusie¢ ey Devlin Pagc 5