Company registration number.. N1072553
Charity registration number: 103457
Belfast Plaiforni for the Arts
(A company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 31 March 2023
Hopper & Co
Chartered Accountant & Registered Auditor
6 Doagh Road
Ballyclare
Co Antrim
BT39 9BG

Belfast Plafform for the Arts
Contents
Reference and Administrative Details
Trustees, Report
2to5
Statement of Trustees, Responsibilities
Independent Examiner's Report
Statement of Financial Acttvities
Balance Sheet
Notes to the Financial Statements
Ioto 16

Belfast Platform for tbe Arts
Reference and Administrative Details
Trustees '.
Meadhbh McIlgonn (Resigned 21 April 2022)
Aine McGuinness (Resigned 21 April 2022)
Jessica Gunn (Resigned 21 April 2022)
Latisha Reihill (Resigned 21 April 2022)
Malachy Mccrudden (Resigned 21 April 2022)
Holly Foskett (Resigned 19 October 2022)
Laura Harvey-Graham (Resigned 21 April 2022)
Xavier Mercade Cosla (Resigned 25 March 2023)
Lenka Davidikova (appointed 20 April 2023 and Resigmed 17 September
2023)
Ekalerina Solomatina (appointed l May 2022)
Ekaterina Buryakova (appointed l October 2022 and Resigned 16 May
2023)
Amy Gibney Devlin (appointed l March 2023)
Chloe Austin (appointed 20 May 2022 and Resigned l October 2022)
Hannah Rose Gilbert-mcmurray {appointed 9 August 2023)
Charity Registration Number
103457
Company Registration Number
N1072553
The charity is incon)orated in Northern Ireland.
Units 37-38
Connswater Shopping Centre
Bloomfield Avenue
Belfast
BT5 5LP
Registered Office
Independent Examiner
Hopper & Co
Chartered Accountant & Registered Auditor
6 Doagh Road
Ballyclare
Co Antrim
BT39 9BG
Bankers
HSBC
Royal Avenue
25-29 Royal Avenue
Belfast
Co Antrim
BTI IFB
Page I

Belfast Plarforni for the Arts
Trustees, Report
The trustees, who are also directors for the purposes of company law. present their annual report together with
the financial statements of the charitable company for the year ended 31 March 2023.
Legal and administrative infom)ation is contained on the company infornjatton page preceeding this report.
Objeetives and aclivities
Objects and aim
Belfast Platform for Ihe Arts ( known as Plarforn] ) 15 a voluntsry organisation established in May 2009 by a
group of concerned individuals to assist persons with artistic talents to promote themselves to the general public
and to advance the education and understsnding of the public in the promotion and appreciation of the Arts in
Belfast and beyond.
We seek to acheive this by holding regular exhibitlODS and run a programme of events designed to meet these
objectives.
We are an artist led studio group and comtemporary art gallery now based in East Belfast. Our role is to actively
promote creative expression, presentation and access to contemporary art practice through our Exhibition.
Outreach and Studio Programmes. We are managed by a Board of Directors drawn from a wide range of
organisalions connected with the Arts, all of whom have practical working knowledge of the Arts. and who are
well quailfied and experienced in their fields of expertise.
Publle benefll
We assist emerging artists in necessitous circumstances to become self-supporting by the provision of studio
space and facilities, advice and training. allowing them to develop iheir lalents. We also manage an arena for
public art exhibitions, demonstrations and lectures and as a centre for other art related activities which
encourage5 appreciation for and participation in community based arts activities designed to enable members of
the general public to explore their creativity. These activities serve to educate and inforni the general public in
the appreciation of the arts.
The trustees confirn Ihat they have complied with the requirements of section 4 of the Charities Act 2008 10
have due regard to the public benefit guidance published by The Charity Commission for Northern Ireland.
Page 2

Belfast Platform for the Arts
Trustees, Report
Achievemenls and performance
On the I st November 2019 we were made aware by our landlord that we had to vacate our premises at l Queen
Street, Belfast by 1st March 2020. We met this deadline and moved to new premise5 at Connswater Shopping
Centre where we have made a strong connection and established ourselves as part of th¢ communtty and
ecosystem there.
East Belfast ha5 seen a creative gentrification initiative which Platform Arts has also played a part in. With 'in"
person exhibitions finally resuming to post Covid normality in March 2021. we decided to go back from virtual
exhibitions to opening the gallery once again fully to the public and continue with shows similar to prior Covid
19.
With being placed in new premises this was the time to establish our mark in East Belfast with 5UPPOrt from the
Centre management and other local galleries around. In November 2021 we hosted Platform's first Salonathon
Exhibition which was an open invitation for local artists to submit work to be exhibited. This open call has seen
70 artworks from both professional as well as novice artists. The exhibition guaged a huge amount of interaction
and interest as well as donations to ihe gallery. It was filmed and documented by local TV channel NVTV
which put our stamp on our new home in East Belfast. With a newly established residence and the ability to
hav¢ in person shows again the space has also welcomed three new artists in residence which has helped support
the gallery with adminlmaintenance costs. In 2021-22 the gallery has seen exhibition applications from both
local and international artists which is now helping to build Platforni's slatus as an estsblished Belfast artist run,
artist led gallery.
In 2022-23 Platfonn Arts has focused on building a stronger community spirit and collective mindset among
members of the arts organisation. We brought up the numbers of studio holders filling all 6 residences. We had a
number of collaborative meetings aboul the overall direclion the venue is going to develop which included
co-directors and studio holders. We held the first community Christmas event inviting over 200 people to come
through our doors daily. We had a Spring call out for young artists aged 3 - 12 years old. Our regular graduate
exhibition look place in June. We introduced new artist voices lo the general public, exhibiting Beth Fox, David
Younglove. Hattie Godfrey and nmany others. We broughi more established artists like Patrick Hickey to keep
up the fine art standards. This year we focused more on engaging with locals and held a number of artists talks
and some workshops.
In the future Platfomi Arts is planning to expand its Board of Directors and find ways to attract more Arts
Council support.
Financial review
Princlpalfunding sources
The main incoming resources are donations from members for the use of studio accomodation. In addition the
Platforn) beneifts from the use of the Belfast premises on a reni free basis, the notional rent value of £35,000
p.a. is shown as both an incomtn8 and outgoing resource.
Structure, governanee and management
Nature olgoverning documenl
Belfast Platforni for the Arts is a company limited by guarantee which is governed by its Memorandum and
Articles of Association.
Page 3

Belfast Platform for the Arts
Trustees. Report
Recruitmenl and appoinlmenl of lrnslees
Trustees, who are also Executive Committee members, are nominated and elected annually by full members at
the AGM and also by the Executive Committee during the year to fill casual vacancies should the need arise.
Existing Committee members are eligible for re-election. oifice Bearers are elected by the Committee from
among their number at the first full Committee meeting after the AGM.
Arrdngemenlsfor sertlng key managemenlpersonnel remuneralion
Management of the charity is undertaken by the Trustees. No remuneration for services is paid to any Trustee.
Finaneigl instruments
ObJecÉlves andpolleles
The charity's activities expose it to a number of financial risks including credit risk. cash flow risk and liquidity
risk. The use of financial derivatives is governed by the charity's policies approved by the board of trustees,
which provide written principles on the use of financial derivatives to manage these risks. The charity does not
use d¢rivativ¢ financial instrum¢nts for speculative purposes.
Cashflow rtsk
The charity's aclivities expose it primarily io the financial risks of changes in donation and event based income.
The use of studio accomodalion is closely monitored and regular events are held io maintain income.
Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows.
Credll rlsk
The charity's principal financial assets are bank balances and cash, trade and other receivables. and investments.
The charity's credit risk is primarily attributable to its trade receivables. The amounts presented in the balance
sheet are net of allowances for doubtful receivables. An allowance for impairnienl is made where there is an
identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the
cash flows.
The charity has no significant concentration of credit risk, with exposure spread over a large number of
counterparties and customers.
Llquldlty rlsk
In order to maintain liquidity to ensure that sufTicient funds are available for ongoing operations and future
developments, the charity maintains an adequate level of cash reserves.
Small companies provislon statement
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
Page 4

Belfast Plarforni for the Arts
Trustees, Report
The annual report was approved by the trustees of the charity on 26 March 2024 and signed on its behalf by:
Ekaterina Solomatina
Director and Trustee
Amy
bney Devlin
Director and Trustee
Page 5

Belfast Platform for the Arts
Statement of Trustees, Responsibilities
The trustees (who are also the directors of Belfast Platform for the Arts 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" The report and
accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small
companies.
Company law requires the trustees to prepare financial statements for each financial year. Under cornpany 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 estimate5 that are reasonable and prudent"
State whether applicable accounting standards. comprising FRS 102 have been followed. Subject to any
material departures dR5closed and explained in the financial statements. and
prepare the financial statements on the going concern b&sis 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. 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 inforniation
included on the charitable company's website. Legislation governing the preparation and dissemination of
rinancial statements may differ from legislation in other jurisdictions.
Approved by the trustees of the charity on 26 March 2024 and signed on its behalf by:
Ekaterina Solomatina
Director and Trustee
Amy
ibney Devlin
Director and Trustee
Page 6

Belfast Platform for the Arts
Independent ExamiDer's Report to the trustees of Belfast Platforni for the Arts ('the
Company,)
I report to the charity trnstees on my examination of the accounts of the Company for the year ended 31 March
2023.
Responsibilities and basis of report
As the charity's trustees of Belfast Platforni for the Arts (and also its directors for the purposes of company law)
you are responsible for the preparation of the accounts . You consider that an audit is not required for this year
under Section 65(2) of the Charities Act (Northern Ireland) 2008 (the 2008 Act) and that an independent
examination is required.
Having satisfied myself that the accounts of Belfast Platforn) for the Arts are not required to be audited and are
eligible for independent examination. I report in respect of my examination of your charity's accounts as carried
out under section 65(3) of 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.
Independent examiner's Statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe:
l. accounting records were not kept in respect of Belfast Plarforni for the Arts as required by section 386 of
the Companies Act 2006" or
2. the accounts do not accord with those records" or
3. the accounts do not comply with the accounting requirements of section 396 of th¢ Companies Act 2006
other than any requirement that the accounts give a 'true and fair vieNV which is not a matter considered as
part of an independent examination" or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities [applicable to charities preparing their
accounts in accordance with rhe Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102)].
I have no conc
should be d
and have qome across no other matters in connection with the examination to which attention
in this r
in order to enable a proper understanding of the accounts to be reached.
Michael
red Accountant & Registered Auditor
hartered Accountants Ireland
6 Doagh Road
Ballyclare
Co Antrim
BT39 9BG
27 March 2024
Page 7

Belfast Plarform for the Arts
Statement of Financial Activities for the Year Ended 31 March 2023
(Including Income and Expenditure Account and Statement of Total Recognised Gains
and Losses)
Unrestricted
funds
Total
2023
Note
Income and Endowments from:
Donations and legacies
42,545
42,545
Total income
42,545
42,545
Expenditure on:
Raising funds
(41,801)
(41,801)
Total expenditure
(41,801)
(41,801)
Net income
744
744
Net movement in funds
744
744
Reconciliation of funds
Total funds brought forward
256
256
Total funds carried forward
12
1,000
Unrestricted
funds
1,000
Total
2022
Note
Income and Endowments from:
Donations and legacies
41,125
41,125
Total income
41,125
41,125
Expenditure on:
Raising funds
(44,007)
(44,007)
Total expenditure
(44.007)
(44,007)
Net expenditure
(2,882)
(2,882)
Net movement in funds
(2,882)
(2,882)
Reconeiliation of funds
Total funds brought forward
Total fvnds carried forward
3,137
3,137
12
255
255
All of the charity's activities derive from continuing operations during the above two periods.
The funds breakdown for 2022 and 2023 is shown in note 12.
The notes on pages 10 to 16 forni an integral part of these financial statements.
Page 8

Belfast Plarform for the Arts
(Registration number: N1072553)
Balance Sheet as at 31 March 2023
2023
2022
Note
Current assets
Debtors
Cash at bank and in hand
1,125
2,096
1,125
1,391
io
3,221
2,516
Creditors: Amounts falling due within one year
(2,221)
{2,261)
Net assets
1,000
255
Funds of the charity:
Unrestricted income funds
Unrestricted funds
1,000
255
Total funds
12
1,000
255
For the financial year ending 31 March 2023 the charity was entitled to exemption from audit under section 477
of the Companies Act 2006 relating to small companies.
Directors, responsibilities:
The meTnbers 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.
These financial statements have been prepared in accordance with the special provisions relating to companies
subject to the small companies regime within Part 15 of the Companies Act 2006.
The financial statements on pages 8 to 16 were approved by the trustees, and authorised for issue on 26 March
2024 and signed on their behalf by:
Ekaterina Solomatina
Director and Trustee
Am
Gibney Devlin
Director and Trustee
The notes on pages l O to 16 form an integral part of these financial statements.
Page 9

Belfast Platform for the Arts
Notes to the Financial Statements for the Year Ended 31 March 2023
I Charity status
The charity is limited by guarantee, incorporated in Northern Ireland, and consequently does not have Share
capital. Each of the trLtStees is liable to contribute an amouni not exceeding £1 towards the assets of the charity
in the event of liquidation.
The address of its registered office is:
Units 37-38
Connswater Shopping Centre
Bloomfield Avenue
Belfast
BT5 5LP
These financial statements were authorised for issue by the Irustees on 26 March 2024.
2 Aecounting policies
Summary of significant Aeeounting policies and key accounting eslimales
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.
Statement of eompliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities..
Statement of Recomm¢nded 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
2015) - (Charities SORP (FRS 102)), the Financial Reporting Siandard applicable in the UK and Republic of
Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act {Northern Ireland) 2008.
Basis of preparation
Belfast Platform for the Arts 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.
Going concern
The financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern 15 appropriate i.e. whether there are any material
uncertainties related to events or Conditions that may cast significant doubt on the ability of the charity to
continue as a going concern. The trustees make this assessment in respect of a period of one year from the date
of approval of the financial statements.
Income and endowments
All income is recognised once the charity has entitlement to the income, it is probable that the income will be
received and the amount of the income receivable can be measured reliably.
Page 10

Belfast Platform for the Arts
Notes to the Financial Statements for the Year Ended 31 March 2023
Donations ond legacies
Donations are recognised when the charity has been notified in writing of both the amount and settlement date.
In the event that a donation is subject to conditions that require a level of performance by the Charity before the
charity is entitled to the funds, the income is deferred and not recogni5ed until either those conditions are fully
met, or the fulfilment of those conditions 15 wholly within the Control of the charity and it is probable that these
conditions will be fulfilled in the reporting period.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants
have been met. Where perforniance conditions are attached io the grant and are yet to be met, the income is
recognised as a liability and included on the balance sheet as deferred income to be released.
Donaled services andfacilities
Where services or facilities are provided to the charity as a donation that would normally be purchased from our
suppliers, this benefit is included in the financial statements at it's fair value unless it's fair value cannot be
reliably measured. then at the cost to the donor or the resale value of goods that are to be sold.
Gift aid
Incoming resources from tax reclaims are included in the Statement of Financial Activities at the same time as
the gift to which they relate.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable
settlement is required and the amount can be measured reliably. All costs are allocated to the applicable
expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to
particular headings they have been allocated on a basis consistent with the use of resources. with central staff
costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use.
Other support costs are allocated based on the spread of staff costs.
Raisiiigfunds
These are costs incurred in attracting voluntary income, the rnanagement of investments and those incurred in
trading activities that raise funds.
Support cosls
Support costs include central fvnctions and have been allocated to activity cost categories on a basis consistent
with the use of resources, for example, allocating property costs by floor areas. or per capita, staff costs by the
time spent and other costs by their usage.
Taxation
The charity is considered to pass the tests set out in Paragraph I 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 exeTnpt from taxation in respect of income or capital gains received within categories
covered by Chapter 3 Part I l of the Corporation Tax Act 201 O 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.
Tangible fixed assets
Individual fixed assets costing £1.00 or more are initially recorded at C05L less any subsequent accumulated
depreciation and subsequent accumulated impairment1055es.
Page 11

Belfast Plarform for the Arts
Notes to the Financial Statements for the Year Ended 31 March 2023
Depreciation and amortisalion
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 &8 follows:
Asset class
Furniture and equipment
Depreciation method and rate
33 % straight line
Trade debtors
Trade debtors are arnounls due from customers for merchandise sold OT services perfornied in the ordinary
course of busines5.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost
using the effective interest method, less provision for impaimient. A provision for the impairn)ent of trade
debtors is established when there is objective evidence that the charity will not be able to collect all amounts due
according to the original tems of the receivables.
Cash and cash equivAlents
Cash and cash equivalents comprise cash on hand and call deposits. and oiher short-term highly liquid
investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of
hange in value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an
unconditional right, at the end of the reporting period. to defer settlement of the creditor for at least twelve
months after the reporting date. If there is an unconditional right io defer settlement for at least twelve months
after the reporting date. they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost
using the effective interest method.
Fund structure
Unrestricted income ￿ndS are general funds that are available for use at the trustees discretion in furtherance of
the objectives of the charity.
Financial instruments
Classlfleatlon
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual
provisions of the instrument.
Financial liabilities and equity instrumen15 are classified according lo the substance of the contractual
arrangements entered into. An equity instrument is any contrdct that evidences a residual interest in the assets of
the charity after deducting all of ils liabilities.
Page 12

Belfast Platform for the Arts
Notes to the Financial Statements for the Year Ended 31 March 2023
Recognlllon and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction Costs). except
for those financial asseis classified as at fair value through profit or loss, which are initially measured at fair
value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a
rinancing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial
liability is measured at the present value of the future payments discounted at a market rate of interest for a
similar debt instrument.
Financial assets and liabilities ar¢ only offset in the statement of financial position when. and only when there
exists a legally enforceable right to set off the recognised amounts and th¢ charity intends either to settle on a
net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are d¢re¢ognised when and only when a) the contractual rights to the cash flows from the
financial asset expire or are settled. b) the charity transfers to another party substantially all of the risks and
rewards of ownership of the financial asset. or c) the charity, despite having retained some, but not all.
significant risks and rewards of own¢rship, has transferred control of the asset to another party.
Financial liabilities are der¢cognised only when the obligation specified in the contract is discharged, cancelled
or expires.
3 Income from donations and legacies
Unrestricted
funds
General
Total
funds
Donations and legacies.
Donations from individuals
Grants, including capital grants:
Grants from other charities
Donated services and facilities
Other income from donations and legacies
3,860
3,860
3,535
35,000
150
3.535
35,000
150
Total for 2023
42,545
42,545
Total for 2022
41,125
41,125
4 Investment income
Total
funds
Total for 2023
Page 13

Belfast Platform for the Arts
Notes to the Financial Statements for the Year EDded 31 March 2023
5 Expenditure on raising funds
a) Costs of generating donations and legacies
Unrestricled
funds
General
Tolal
funds
Note
Donated services and gifts in kind
Allocated support costs
35,000
6,801
6,801
Total for 2023
41.801
41,801
Total for 2022
44,007
44.007
Page 14

Belfast Platform for the Arts
Notes to the Financial Statements for the Year Ended 31 March 2023
Total
costs
6 Net incomingloutgoing resources
Net incomingl(outgoing) resources for the year include:
2023
7 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during th¢
year.
8 Taxation
The charity is a regist¢red charity and is therefore exempt from Lgxation.
9 Debtors
2023
2022
Trade debtors
,125
1,125
10 Cash and eash equiv8lents
2023
2022
Cash on hand
Cash at bank
146
1,950
1,391
2,096
1,391
I I Creditors: amounts falling due within one year
2023
2022
Other creditors
Accruals
1,141
1.080
1,241
1,020
2,221
2,261
12 Funds
Page 15

Belfast Plarform for the Arts
Notes to the Financial Statements for the Year Ended 31 March 2023
Balance at I
April 2022
Incoming
resources
Resourees
expended
Balance at 31
March 2023
Unrestricted funds
General
256
42,545
(41,801)
1.000
Balance at I
April 2021
Incoming
resources
Resources
expended
Balance at 31
March 2022
Unrestricted funds
General
3,137
41,125
{44,007)
255
13 Analysis of net assets between funds
Unrestricted
funds
General
Total funds at
31 March
2023
Current assets
Current liabilities
3,221
(2,221)
3,221
{2,221)
Total net assets
,000
1,000
Unrestrieted
funds
General
Total funds at
31 March
2022
Current assets
Current liabilities
2.516
(2.261)
2,516
(2.261)
Total net assets
255
255
14 Analysis of net funds
At l April
2022
Financing cash At 31 March
flows
2023
Cash at bank and in hand
1,391
705
2.096
Net debt
1,391
At l April
2021
705
Financing cash
flows
2,096
At 31 March
2022
Cash at bank and in hand
4,947
(3.556)
1,391
Net debt
4,947
(3,556)
1,391
15 Related party transactions
Page 16

Belfast Platform for the Arts
Statement of Financial Activities by fund for the Year Ended 31 March 2023
Unrestricted Funds
Total
Total
Unrestricted Unrestricted
Funds
Funds
2023
2022
Income and Endowments from:
Donations and legacies
42.545
41.125
Total income
42,545
41,125
Expenditure on:
Raising funds
(41,801)
(44,007)
Total expenditure
41,801)
(44,007
Net incomel(expenditure)
Net movement in funds
744
{2,882)
744
(2,882)
Reconciltation of funds
Total fund5 brought forward
Total funds carried forward
256
3,137
,000
255
This page doe5 not form part of the statutory financial statements.
Page 17

Belfast Platform for the Arts
Detailed Statement of Financial Activities for the Year Ended 31 March 2023
Total
2023
Total
2022
Income and Endowments from:
Donations and legacies (analysed below)
42,545
41,125
Total income
42,545
41,125
Expenditure on:
Raising funds {analysed below)
(41,801)
(44,007)
Total expenditure
(41,801)
(44.007)
Net incomel(expenditure)
744
(2,882)
Net movement in fund5
744
(2.882}
Reeoneiliation of funds
Total funds brought forward
256
3,137
Total ￿ndS carried forward
1,000
255
Thi5 page does not forni part of the statutory financial statements.
Page 18

Belfast Plarform for the Arts
Detailed Statement of Financial Activities for the Year Ended 31 Marcb 2023
Total
2023
Total
2022
Donalions and legacies
Grants other agencies
Donated use of facilities
Rental income
Other income
3,535
35,000
3,860
150
1,857
35,000
4,040
228
42,545
41,125
Raislngfunds
Programm¢ costs
Rent and rates
Light, heat and power
Insurance
Repairs and maintenance
Telephone and fax
Sundry expenses
Cleaning
Independent examiner's fee
(1,553)
(35,000)
{2,860)
(2,110)
(35,000)
(1,921)
(1,696)
(1,977)
(365)
(267)
(131)
(540}
(596)
(1,238)
(14)
(540)
(41,801)
(44,007
This page does not fom] part of the statutory financial statements.
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