REGISTERED COMPANY NUMBER: N1610493 (Northern Ireland)
REGISTERFD CHARITY NUMBER: 106350
Report of the 'frustees and
Financial .8tatLhments
for the Year EndLd.11 March 202.1
for
R-space Cyallery
Mcclcary & Company Ltd
ChL1rtcr¢d Accountanls
QuakLI' BuilLIiii&y.
HigFlI Sireel
Lurgian
Co. ArniagFh
BT66 8BB

R-space Gallery
Contents of thl, Financial Statc%mi¥nts
for the YL*ar EndLd 31 Mareh 2023
PagL'
RLport of the Trustees
Independent Examiner's R¢port
5 to ()
StatL&mLint of fi in#neial AetivitlLbS
BalancL' ShLL't
Notes to the liinan¢ial Stateinents
10 to 15
Detailed Statenient of Financial Activities
IC) to 17

R-space Gallery
Report of the Trustees
for thL Year EndL,d 31 March 2023
Tlic IruslLCS wlio arL also dirLCtors of Ihc ch¢1rily for the puryosLs of thL ("0mp￿￿nICS Act 2006. present their
report with thc fiiiiillLial sl<ilL'mcnts of thL cliarity for thc ycar ciidcd 31 March 2023. Thc Iruslccs havc
adoptLd IhL provisions of Accountiiigi and RLporling by C'liariliL.s.' St1( lemcnt of RLLoiiimLnclL(I PraLtILL
4ippIILiiblL tu Lli<ll'ilie% pi'ep<irin&' theii. 4lLL(Iiiiil% in <tLLurdiinLe with tlie Finciii¢ial Rcporting Staiidard
appliLdblc in th¢ U K and Repiiblic ot- li'eland (b Ilb 1021 (cft"cctive l January 21119}.
OBJF,CTIVFS AND ACTlVI'fiF.S
Objectives and aiins
Thr()IigJlii)ut 2ll22-2023. R-SpiiLe (l¢illery L(Inliiiued iv suLLe%%fully pui'suc il,% Ll)aril¢iblc ()bjcLl% as dctined in
its bYOVLrnin&y docuincnt:
( I ) To iqdvancc Ihc arts. includin&y conlvniporary visual arts cind Lrafts, for Ihc bLnL'fit of IhL publiL in Ih
Lisbuni 14 1)d Clc silcrLagTli arLa cliid It% Liiviroi).% iii Nc)riliLrii IrL'land (l)LrLii)aftL'r Cc111Ld Il)L 'arL,
of bL'nLfil") aiid
iii particular:
(a) l() 41cIv<lllLL IIIL LduL¢ltioii ()I' IIIL. piibliL iii ihL art% 11)Llu(liiiby LonlLmponry art.8 1< iicl Lf47fts, and lo eiiLouflL &ve
cipprccidlion Iui. cin(I Pcll'liLipcilion in (ill loiii)s vl. Ihc alt% by ilTly chai'il¢iblc IncLITl% the dii'LLtoi's sLe tit.
(bl t() L()-()I'(liiialL IhL PI'()Vi.si()ii ol. aclviLL. SllPPI)rl. Ii'aiiiiiibl 4111(I iiiLiiloi'iiibT 'illLI pi'ovisiuii ul" ILILililiLS for th¢
PIIIP()%L ol. lh¢ LilLI)iir￿1bT￿tI]LnI lind sliiiiulcilii)n ol. Ih()s¥ Iiilliiigy withiii th¥ LfL¢ilivL tsCLlor iiiid Loiiiiiiiii)ily cirls
scLI()r, l)y &1ny cliarit&iblL Inccllls IliL dircLt()rs SLL fil.
(2) T() pr()In()tL Lominunily dLvLlopinLiil 16 lid LIiLoufilgYL commiiiiity .spiril 1( nd LiViL pridL by oi'bianisinby or
,ILililiL liiib prowi%ioii ol. IQLliviliLs <qiiil ()r %P&lLL' I() %iipp()rt LILIivLry l)I' art.%, LiIIILifiil, i()IirisirJ, rL'LfLdiii)Il411,
wcII-IILillb7. 4illLI uihLI' iiiiliiilivLS Ililil %LippuI1 Luiiiiiiuiiily iiitLgYI{IIioii Lind 51imiiliili()11 ul, diti%lic cr¢41tivily ii) Ihc
arL¢i ol. bL'iiilit.
Page I

R-space Gallery
Report of the Trustees
for the Year Ended 31 March 2023
OBJECTIVES AND ACTlVI'fiES
Si&inificant activities
Exhibilioii progyramme
Major ¢iiillLl%il fiiiidii)Ly fi-oin thL Ans CoiinLiI of NorthLrii Ircland allowLd R-Sp<lLL to clLVLlop anLI dLliver ils
lii&yli-qii<ility aiiiiLial ¥xliibilioIi proglroiiiiiic wliicli is inslninieiital to Ili¢ pur%uil of our objcctivL.%.
R-spucc run a scrics of divcrsc. innovativc aiid iinaLvinativc cxhibilions and acliviliLs in our byiillcry spacc in
Lisbuni. 14xliibition8 LnLoinpassLd visual art%, cr<i118, desibyn aiid musiL, ai)d wLre <1CLoinpatiiLd by talks,
wurk.4hi)P% iin(l ()Ilier CVLnl% ()pen t() Ihe piibliL. Tliruug7liuut the prugFfciinine we Lo1141boriilLcl willi %cveriil l()Lal
cind inlLrn411ion4)141rli41% an(1 LrL¢ilivL pi'(IlLs%iollcil,s at di I'li'rLnl sldgYL.% ol. IhLii' CcirLL'r, olTL'I'ii)by IIIL'ni all siippoil,
adviL¢ ￿11](1 upporluiiiti¢s lur prDIL%SiOli<il Il¢v¢lopniLiit.
'Ad()niiiiLlIt: RL-lJsc & RL-Iiii¢lLVlI)L' fxliibitioii (Aubyust
SLPtLinbcr 2022)
WL partllLfLd willi thL
A8%l)Llcili()n ot C.onlL'inp()rary JLWL'IILry 4iiicI SilvL'isiniil)iiiby iii NurthL'ni IrLl4iiid on Ihii UIIiqUL Lxliibiliun.
TobTrL'ilicr WL showc1¢ 8L<I IliL work% ol. Icii (1rtis1s/inc1kLr% lii&¥hligyl)lii)by di%iiiiLIivL' Lh&1f1L LILI'is1iL% ol, jLWLIry,
%ilv¥rs1iiiiliing Lin(1 IL'xiiIL (lrt. 415 w¥ll <lS vv¥i'l¢iPS b¥twLLii Ihlin Li'¢atingF new unLxpLLILd %ynLI'gyics and
dirLLlions iii L()IIILillpoi'&lly Pl'6iLIiLL%.
'MalLrials. ML.SS1< L7L'% 42nd MLaninL, 11 I l. . Siistainability, E'.xliibition (Ni)VLinbLr
() DLLL'inbcr 2022) - Our
Luralorial ILc1m LaiTiL% ()Ut ()nuy()iiiuv rLscai'Lli oli IopiL% aiid i,8suL% rLILvant to Lc)iilLiiipc)rary arl, OLif %OLiL'ty and
proviLlinb l(iod l()I' tli()Iigilil to (iur <TrucIiL'lILC%. 'I'lirou&ih ali opLIi L<ill WL SL'ILLILII .Incl prL'sLiiIL(I thrLL visual
iirii515 (Ja.SPLr MLKiniiLy, Molly Mi<1 Murphy iillLI JLidiili Warinbyl wliu%L' woi'k ¢xploi'Ld Ilic IlILinc
'%ii%tciiniibility' ciiicl l(ILikLcI dl Lli111411L LhclllbYL', rLbi¢ii¥rali()n aii(I bii-()wili.
'A LifL In Dub, F.xl)ibilioii (J4inuiiry FL'I)ru:iry 2023) Tl)is IributL Lxliibilion cclLhr611Ld niusiLi16 n Pliilip
Pc)ILI)ii's lifl iii Lluli lond rLg'gTaL iiiii%iL. 11 LxplI)rcd l)i% ivi)rk willi (Q nuinb¥r of rLllI)wllLLI iiilLni<qlic)niil arli%ls h
Loll<ibi)r4olLd willi i)VLr i1iL yL'cir% IL.g. I l()r<)LL Aiidy, CirLibyory l.sa<lLS anLI LLL. 8LratLlI PLrry) (Triid iiivilLd
vi%ilur% lo joiii hi% livc Inu%iL Lind jaininiiigT .SC.S%1(111%.
'Slilcli ML Up For Lil¥, Exhibiti()ii (MLircli 2023) This cxhibilion by tcxlilc aiid enibroiclcry cxpcrt Janel
HaLknLy focussLd oli various aspLLts of lic'r work, Iroiii liL'r prLP&iratory drawiii&y5 <iiid dLSlbV1I￿>. t() fashioii
FariiiLiil%, pcriod Lo%liiiiiL5, ILXtilL lai)d%LapL8. aiid ILxlil¥ works11()ps, Iliu.% providingp oiliLr c?rli,sts willi ILclriiing
LxpLriLncL.% aiid IhL publil wilh ali apprLLiati()ii ot"ditlirLiil arli.sliL ILLIIiiiquL%.
'Rc: NLW Wdllacc CollLLlion #5, ProjLLt {April - May 21)22) A hiblici. ICVLI ol. mentorin&¥ and bTuiclanLL Was
oftercd lo tlie artists workingy on our dnnudl 'Rc'.New Wallace, projccl witli Ihc 5UPPOrt of 8PLCi¢ili.s1 advisor
Anih¢a Mcwillianis. This initiativ¥ offLn% artisls thL opportunily to Larry oiil rL'SL'arLh about IhL WallaLL
CollcLtion in London, l&nd LfL'<lL <in artistic rcspon.%e tu il Ilial re%onatcs willi our coiilcinpor1Lrics and
higrliliLphls Sir Richard WcTrllac¢'.% ILLFacy and liiiks wilh Li.sbuni aiid Louiily Aiilriiii. r,ounlaii)s wLrL doiiatcd
by Sir Rivli4lr(I Wallacc lo Li.%bum an(1 Pclris iii IIiL' 11170.%. T1115 LoiillLLtic)n allowLcl thL projLLt to b7row and
take on a new ii)ternatioiial dimeii%iuii. R-SpaLe liaised ivith the SoLiety of WallaLe Fouiitains in P41ris to
Lelebrilte Ilie 150th anniversary of the donations. To m&irk this occasion R-Sp<ice coillmissioiied an ani111i< lion
enliilLd 'Oh, I'eau. I'eaLI.' Wlth musiL by Iwo composLrs
French N¢l%on Saiitoni and Nvnlicrn Irish Neil
FoslLr, wlio logiciliLr witli ¢illiiMiltor MLgN F4¢Trrls crLIL tcd a sliort PILLL. ILllinbY IliL story of Sir Ricli(Ird W111'ILC
7rowingy up iii Pari% aiid how hL L(ImL to dLsigin aiid don¢1 Ic fifty driiikiiiLT fouiilaiiis to Ihc city.Tlic work was
prLinicrLd at an cxhibitioii iii thc Lyallcry spaLC and also onliiiL ihus rL'aLhingy l()LJl <ind ii)tLrnlc ti()nal aiidicnLe%.
Page 2

R-spllce Gllllery
Report of the Trustees
for the Year Fnded 31 March 2023
OBJF.CTIVES AND ACTIVITIES
Our exliibition progii-<iiiinie en&7dgved nuinei'oiis parlicipants and dudiciiLes dncl promotecl their under.4landing
and <lppfLciation of Ihc L?rts. Talks, coniiiiiiniiy workshops and other participatory cvciil8 also c'nLoiif¢ibJed
thLllI to Icam nLW skills. All ()ur iiiiliqlivLS wLrL' frec of cliarLpc and took pllc CL ill tIIL WLILotiiinbTr 1< lid sliarcd
spaLL' Ot our gYallLry, thi1% L'n¢()Iir1c gTIIILF acccss and partiLipalion troin divLrSL individual% and L(ImmiiiiitiLs,
living iii or vi8iling Lisbuni/NortliL'ni IrL'I(IiicI. Dibrilal ar¢ cont¥nt for all cxhibitioii.$ 011 Oul. WLbsile diiicl .SOCl<il
media 411%0 allowed us to re<lLh viewLr.% intcrnatioiiJlly. We bLIiL VL'LI WL. pruviclLd (In eiii'iLhins pi'OgTramni¢ and
we We￿ d¢libFht¢d to rcceive many po%itive cominents abolit ilieir expLrieiiLL ()t'our &Y<illcry Jn(l arts aclivilies.
sustainability
R-SpilLL' LLinlinuLxl to Inaiiitciin its sustainability Ihrougyhout this year aiid Ln%urLd Iliat finaiicial rcsourccs wcrc
iii placL lo pur.8iiL ils charilic blc objcLts, with ilie m1<ill gvfilllt bling thc Arts Council Nl lor Il% Lxliibitioii
probTrrammL aiiil wilh LinrLstriLte(I t"UllLl4 ul.so Lontributing7 to co.sls. Thc Lharity thu% clu%ecl the ye<ir in a %l¢ibl
tin(Iiicial position.
Fiiturc dLvclopni¢nt%
R-%paLL slrivL.8 to SLLurc fundinby to LXI)IL lid our progirainmc. Wc wcrc dcligFlilcd to bc awardLd a sub8laiitial
vraiit IrL)m thL Niilioiial LoltLry I Icril6lglL I'"Iiiid at thL cnd ol" IhL yccir lo dLlivLr the LiiiLn Ili¢iinalL il) tIIL nLw
ycar. 'I'liis projLLi lcd by R-Sp&TrCC Giillery. is a bi-aiinuol festival ot. heritage4 &1rt.9. cr1(11 c1nd de.sign. It inclLides
Lxliibiliuiis. LIisLU%%lUliS. W()I'k%liop% 41ncl LVLnls wilh partners acruss NuilhLim IrLl<iiicI, cLILbrdting linen
lierildbyc. wliilc g?iviiig7 il LonlLiiipofcliy rL'IL vdnLe.
STRUCTURF., GOVF,RNANCTr. AND MANAGFMENT
CyQVL'rnin&v documL'nt
"I'hc cliarity 15 conli'ullLLI by its &yov¢iiiingi docuiiiinl, a dL'LLI ol" Ii'ust* ¢iiicI Lun.slilutLS a liimilLd Lompciny, liinited
by guJrLinleL, as clLlinLd by Ihc C oiiipaiiic4 ALt 2006.
MiinabTLIIIL'nl & CJOVLrnanLC
R-SpclLL LOI)IiiiuLd lo bL ill¢inagyLd by a strongj and Lnil)usia%liL OPLratioiial IL'<llll Ot. man<l&YLr% willi a WLalth ot
cxpLrtIS¢ (qnd LXPLricncc in mlc IlclgLinLnt. programiiiiiib, delwclopincnt, markctiiig and adininislrlL tion.
Thc Boiircl of Tru.slee% %iipport¢(l and giiidc(I thc IL
c ni thaiik.4 to their wicle riillgyL ol. LxpLrli.%L aiid a slroii
)rLd(Ith ol" L'XPLI-ILIILL, botli Iroiii w'iiliin IIIL LLiltiirLiI and privatLlbusinLbs scclors. ThLif gYOVLniancL
LoiiiiiiiIIiiLnt Wils dilso fccobFiiisLd by Arts & BusinLss Nl. willi Il)L L1141rily l)L'iii&> 511(Irili51L'd for IliLir clwiirds in
Ilic Iiispirutioi)al TrusleL Ldtcgyory.
RFFF.RF.NCE AND ADMIINISTRATIVE DETAILS
Re2istered Company number
N1610493 INoi'iliLrii IrLl4111d)
Registered Charity number
IOC)3f O
Registered office
32 CasllL StrcLt
Lisbum
Co. Antrim
BT27 4XE
Page 3

R-space Gallery
Report of the Trustees
for the Year Ended 31 March 2023
Trustees
Mr John Millar Bradbury Scmi Rctircd
Mr George Clarke Chartcrcd Survcyor
Mr Norbert M P Sagnard IT Consultant
Mr Paul Michael Beaton Teacher (resigned 4.4.23)
Ms Karen Mooney Retired (appointed 31.3.23)
Jndependent Examiner
John Mccleary FCA
McCleE1ry & Company Ltd
Chartcrcd Accountants
Quaker Bliildings
Hi&yh Strect
CraigTavon
Co. Annag7h
BT66 8BB
Overall 2022-23 was a successfiil yel< r that strengthcned the organisation and prcpcircd it to move with
Lonfidence into 2023-24 witli ncw initiativls and collaborations that increasL' appreciation, practice, and
enjoyment of the arts and benefit the public.
Approved by ordcr of the boc2rd of tru8tees 011 25 January 2024 aiid sigiied on its behalt'by:
-Pr LK,
Mr George Clarke - Trustee
Page 4

Independent Examiiier's Report to Éhe I'rustee5 of
R-space G.Illery
I rcport on th¢ 1L CCOUllts of the coinpaiiy for tli¢ ye4ir Li)dL'II .3 l MarLh 2021, wliicli are .set out on P4?ges seven
lo fifieeii.
Rcspeetive responsibilities of charity triistces and exaniiner
As Ilie cliai'ity'.s li'ustLcs (and also thc dircLtor,s for IIIL l)urposcs i)f conip¢111y law) you arti i.espoii.8iblL for the
prcparc11ion ot- thc accounts iii arcordaiice wiill IIIL reiiuii'LIIILnls of Iliu C()iiipanic5 Act 2006.
H1( ving satisfied myself that the chai'ily is iiol subject lo audit uiider compL11)y law and is eligible for
iiidepei)dent exainination, il is Iny rcsponsibiliiy to..
ex¢lniiiic tlie 1lvcoiiiII's uiider. SLclioii 65 ot. Ilic Cli(IriliLS Act
lolloiv IIiL' proLcdures 114 id dowi) iii IhL gLI)¢i'al Dii'eclii)i).s givLii by 11)e Chc1rily C'oinjnission for
Noi-Il)L'rn Irelqiid undei. SLclioii C)5(9)(b} i)f Ilic Cliiirili¢% ALI
5talL whLlhLr particular niilllers liiive come Io Iny clllciilion.
Basis of tlie independeiil eyaminer's report
I1)&1V¢ Lxainii)L(l yoiii" cliai'ily aLcuuiils as i-equired uiidci. Sectioii 65 of Ilie C.liill'itiLs Acl 111111 iny exailiiniilion
W4i5 cari'ic(l oiit in CCOI'(1<11Ice ivith tliL gLiicfl¢1 l)ii'ectioi)s sTriveii by Ilie C'11471'ily C'(Imiiiission for Noi'tliei'i)
IrLlaiid iiiidei. SeLlioii C1S{())(b) uf Ihc Charilics ALI. Tlic cxainiiialloll Iiicluded a I'evicw of tlic .Iccouiiliiib'
rLLOI'd% kepi by lh¥ Lhai'iiy Jiid a Coiiipiirisoii of the acLoiiiil8 pfLseiiled with Iliose records. It also iiicliidcd
coiisi(loi',?lioii of (Illy IIIIII%U¢l1 ilLiiis oi. disclosiirL% in Ilie accoiinls. Iqnd S¢¥kiiigtr cxp11¢ ll<lli01i5 from yoii as
cliJi'ity IruslLLb coiiccining any SULII InallLrs.
My I'ole is to slalc wlieilicL' any 11111erial i)iatlL'I',5 h¢ive come lu iny attuiilion giving iiie caiisc to believe;
T111t loccounliiig rccoi'ds werc iiol kept 111 ¢iccoril¢ince with Seclioii 386 of the Compiinics Act 2011C)
Tliiil 11)L <lLcuiiiilS do nol aLcor(I will) IIIosL accounliiig rLcords
Tli(Il IhL accoiii)ls do 11()I coiyjply witli thc aLLL)Iiiiliiig rL(iuiI'cinLiI15 of Seclioii 396 of the Compaiiics
Act 200CI aiid willi Ihc iii¢iliodb ai)d priiiLiplLS of tli¢ Cl)arilie% ,Slalciiiciil lif RLLciiiunL'I)dLd Practic
Ipplicablc to cliariliL% l)fLI)Ji'iii& IIIcii' IlLC()uiils in 41L¢ordiincL' with IhL. F inaiicial Reporlii)g Slciiid41rd
ai)pliL411)IL 11) IIIL IIK iinil Rupublic i)f Ir¢14111d
Tl)al tliLI'L is I'Lirlliei' iiiforiiialioii iieL.dcd for a proper undcrslai)ding i)f11)e accviints to be rcacli¢d.
Indfpendcnt cxaminer's stAtement
IIIVL. coini)ILlcd iiiy CX¢irrii112¢ Iioii &lll(11i4iVC iio coiiccni.% in resi)ect of Ilie IniltlLI's ( l } 10 (41 li%tcd iibovc aiid.
III LOlll)Lcli()11 Iviili fill l(Iwiiig) Ilie r)irLLI i(ii)s of the Cl)ariiy Commissioi) fur Norihcrii Ir¢land, I li.Ive fouiid iio
ii)all¥i-% Il)(Il rLCllliI-L. di-awiiibT lo youi. allLiilioii.
Johii MCLI
Th¢ InslilutL ()f C.liartcrcd Accountanls iii li'claiid
Mccleary & Company Ltd
Cliartered Aecoiintaiits
Qiiakcr Biiildiiigs
Higli Sli'cct
Liii'gaIi
Craigavon
Co. Arinagh
BT66 8BB
Page 5

Independent Examiner's Report to the Trustees or
R-space Gallery
25 January 2024
Page 6

R-space Gallery
Stalemcnt of Financial A¢tivities
for the Year Ended 31 March 2023
31.3.23
Total
funds
31.3.22
Tot¢Trl
UnreslriLicd
fund
RestrictLd
fuiids
INCOMF. AND F.NDOWMF.NTS FROM
Donatioiis aiid ILb'aLiLS
908
908
8,321
Charilable activities
Otlicr IIiLomL
Grants Ilcceivable
15,000
15,000
107.321
107,321
83.41
Other trddingv activities
832
785
1.617
3,33()
Total
1 ().74n
108.10()
124.846
95.0()X
EXPENDITURE ON
ChJritahlL' Activitie
Dii'LLI C'os1%
SuppDrt Losl5
X.695
915
53.710
C)2,4115
915
82.()()()
820
Total
9.(?10
53,710
C).1,320
83.510
NET INCOME
7.130
54..396
(?1.521)
11.5514
RECONCILIATION OF FUNDS
Tolal luiids broug)lil lorward
1 ().009
8.312
24,321
12,763
TOTAI. FUNDS CARRIED FORWARD
2.1,1_19
62,708
85,847
24,.321
The iiotLs torni part of thcsc fin41ncial slatcmciits
Page 7

R-space Gallery
Balante ShLet
31 March 2023
31.3.23
Total
funds
31.3.22
Tot&il
runds
UnrestriLtcd RcstriLtLd
fund
rui)ds
CURRF.NT ASSETS
ca.sh al bank .Iiid in haiid
24,477
62.708
87,185
50.554
CREDIT()RS
Amounts t<111ingF diic within onL yLar
{1,338)
(1,338)
(1.323)
NET CURRENT A,88Tr=TS
?3.139
62.708
Ig5.847
49,?31
TOI'AI. Assb I'S I.ESS CURRLIYT
LIABILITIF.S
23.139
()2,708
85.847
4(),?.I I
CRF.DITORS
Ain()Iint.s tcqlliiigi duc aftLr InorL ihaii L)IlL' ycar 6
(24,()1 O)
NET A6i6iETS
2.3.139
62.708
UIYDS
UnrestriLILd luiids
RLs11'iLtL'(I lund
23,139
()2,71114
16.009
8..312
TO'I'AI, bUNDS
.5,847
Tlic cliarit1blL Loillpclliy is Llitiilcd to cxLniptioii froin i?udit undLr SLCtioii 477 of IliL' Compi1111LS ALI 2n06 for
the year eiidLd .3 l M61rLh 2023.
'I'he Incmbcr% liave iic?t reqiiired tlic L()mp<illy lo obtc?in Lill Liiidit ijt its tinclllLiiiI %l&ilcm¢nls lor the yecir ended
.31 M411'LlI 211?.l in (iCLordiillLL wiilI SL¢lion 471) of IliL C'ompaniL'S Act ?l)11().
Th¢ truslLCS aLkiiowlcdbYC Ilicir rcspoiisibilitlLS for
(a)
LllsLifiii&7 tliat Ilic cl)cirit&iblL Loiiipaiiy kccps accounlinbi rL'cords Iliat coinply willi Secliotis 38() and 387
c)t thc Comp&l1iies ALt 200() 1L lid
prL'pariii& Iit141llLl&il stc11omLnts which give a tnie and 11( ir view of Ilie slate of alTair8 of. the ch4?rildblc
¢onipciny (is at th¢ eiid ul. LaLh Iiiianci(Il yecll. anLI ol. ils bu￿luS oi. d¥ficil lor LdLh Iiii&illcicil year in
acLordanc¢ with IliL rLquifL'ineiits ot" Sections 194 and 395 <ind whiLh oihenvise coinply wilh IhL
reqiiireni¢nts of thL Conip<iiiies Act 2000 rLlatinb to finanLi141 slatLniL'nls, so far as applicable to the
cl)aritablL' company.
(b)
Thc nolcs t.omi part of thcsc finaiicial 8talcmcnts
PabFc 8
cvntinu¢d...

R-space Gallery
Balance Sheet- continued
31 March 2023
Thesc financial statemcnts have bccn prcpared in accordancc with thc provision.s applicablc to charitablc
companies subject to the small Companies regimc.
The financial statements were approved by the Board of Trustees and aiithorised for issiie on
25 January 2024 and were siLmed on its behalf by..
Mr Norbcrt M P Sagnard - Trustee
The notes fomi part of these (inancial stalements
Page 9

R-space Gallery
Notes to the Financial Statements
for the Year Ended 31 March 2023
ACCOUN"fiNG POLICIES
Btssis of prcparing thL financial sl&lL%mL¥nts
The fin<lllLial statLmcnt.4 of ihe Lhai'itdble Lomp41ny, wliiLh 1% a publiL benefit entity iinLlcr FRS 102.
havc beeii prepareLI in (ILLoI'd<illLL Wltli thL' Chai'iliLS SORP {FRS 1021 'Accouiiliiig7 Iiiid RLPOrting, by
Ch1riliLs'. SialL'IIILnt of IILeoiiiiiiendLd PriqCtic¢ appli¥ablc to ch<iritiLS prL'p:Iriiib' IhLir acLouiil% in
,ILLordclllLL willi IIIL Fii)'InLi'II RLp()i-linbi %t¢liid&lrd &Ql)pIiL,TrblL in IIIL UK ¢qnd RLpubliL of IrLlciiid (FRS
102) (¢ffLclivL I J(Iiiuary ?019)', fiiianLial Rcportinby Slaiidard 102 'Thc FiiianLilc l Rcporting Sl<ind4ird
applicablc iii thc IJK and Republic of. IrLland' and IhL' CoinpaiiiLS ALt 2006. The financial statcmcnls
h41l'e becn prepared under the hi%loriLal Lost conveiilion.
Income
All iiiLomL 1.4 fLLOg7niscd in the Statement of. Fiii<illLi(il ALtivitie% onLL the Lliarity has Lntitlemeiil t(} the
lui)cl%, it is pi'obablL Ihal the inLoinL will be receiv¢d aiicl the ainount cali bL InLasurLd rLliably.
F.xpL'nditure
Li¢ibililiL% cifL rLcoL?nisLd cxpLnilitiire <1% soon :Is thLrc 1% (1 ILg:Il or conslructive obliL?4?lion
i)iiiiiiitlii)by IIIL. Lliai'ily to I111c t LXPLiidilurL, It Is pr()b&il)Ic' Ih41l il Ir14 nsf¥r of LLoiioiiiiL bLiILfils will bL
rLqiiirLd iii SLlllciiiLiit aiid IliL <QlllOUlIt of Ili¢ obligyrf21ion LrfQli bL IIILasurLd rLliably. F.xpLiidiliirL IS
Iccoiiiilld for on an aLcruals ba8is aiid ha8 bLCII Llcl.85itILd uiidLr hccldiiigis tli6i1 ag'gyr¢gTatL 'Ill L()%t rLlalLd
to the C42ILg70ry. WIILrL L()%t% L<iiin()I bL clirL'LIIy 1cllributL(I to P&irtiLu11¢r hcl¢dingTS IhLy havc beLn
IIuLalLd to aLtiviliLs un d b&l%i% Lon4i%tLnl willi the use ot. ILsourccs.
I'axation
ThL' Lhcirity IS Lxciiipl Irom Lory)Oi'<ilion l(Ix on ils LliaritablL' dLtiviliL'%.
Fund accoiintink
UiirL%triLled lun(l% ¢￿)n be use(1 in aLLor(lanLe with tlie cliarit(Ible objectives al the di%¢relion of Ihe
IriiblLLS.
RLslriLILd funds cali only bc uscd for P61rticular rc.8tri¢lcd Pu￿0$L$ wiiliin Ihc objLLI,s of Ihc chlc rily.
RLstriclions arise wliL'n %PLLiIiLd by thc doiior or whLii lunds aL' raisLd tor P1<rtiLiilar rL'striLIL'd
purpo%e%.
FiirtliLr L'xplanalion of the naturL aiid purposL of LaLh fund ib iiicliidLd in Ili¢ notes to thL liiiancial
st4?tLiiicnl8.
Page 10
colltinued...

R-space Gallery
Notes to the Finaneial.Statements- continued
for the YL¥ar Ended 31 Mareh 2023
OTHTr:R'fRADING ACTIVITIES
31.3.23
31.3.22
ElirL lies
xliibilioii salcs
440
1.177
300
3,036
1,617
3,336
TRUS'I'FF,S' RFMUNF.RATION AND Bb NVFITS
There w¢r¢ no tni%lees' remuneration or oilier benetils for th¢ year ended 31 Marcli 2023 nor lor the
'( r cndLd 3 l MarLlI 2022.
Truytees, expen.ses
TlierL wLrL no Iru%tLL8' LxpLllsL% paid for IhL year ended 31 MarLlI 2023 nor for thc year ciidcd
31 MiirLlI ?1122.
C()MPARATIVF.S F()R THF. STATF.MENT OF FINANCIAL ACTIVITIES
UnrLslriclL.d
RLslriLl¢d
lund
liind
INCOMF. AND D NDOWMF.NTS FROM
Don(Ition% <iiiil IL'bvaLI¥s
8.321
Charital?IL¥ activities
Grdnl.% ReLeivable
12.228
71,183
8.1,411
Otlicr tradinby activiliLS
1.211
2,12.
Total
21,7(10
95.068
F.XPF.NDITIIRF. ON
Charitable aetivities
Dirccl Costs
Suppc)rt costs
21,411.1
820
61.207
¥2,()90
820
Total
22,303
61,207
NET INCOMEI{EXPENDITURE)
(543)
12,101
11,558
RF.CONCII.IATION OF FUNDS
Tot<11 tiiiids broLiglit tonvar(I
16,552
(3,789)
12,763
Pagell
continued...

R-space Gallery
Notes to the Financial Statements- continued
for the Year EndL.d 31 March 2023
COMPARATIVES FOR THE STATF.MEN'f ob b INANCIAL ACTIVITIES - continued
Uni'¢%tricted
Restricted
fiind
t.unds
flinds
TOTAL FUNDS CARRIED
ORWARD
16.11119
CRF.DITOR.S: AMOUNTS FALI,ING DUF. WITHIN ONF YFAR
31.3.22
Other LrL'ditors
AccrLicd cxpcnses
55
1,268
1,336
CRF.DITORS: AM()UNTS bAI,I,ING DUL AF'fii.R MORF THAN ONE YFAR
31.3.23
31.3.22
Accn11& l.g &ond dLfcrrLd iiicoinc
DLILrrL'LI by()I'LIlllllLiII &iraiil
i.f,000
i) i)10
24.9111
MOVP.MLN'I' IN FUNI)S
NL't
IIIOVL'mLiil
in funds
At 1.4.22
31.3.23
Unrestrleted funds
GLIiLral fund
16,009
7,130
23,139
Restricted funds
Arts CouiiLiI ofNorthcm IrLlg< nd
Niilional Lottery Herilagyc Pund
8.312
4,720
4C).(?76
13,032
41),676
8.312
54,396
62.708
TOTAL FUNDS
24,-121
()1,52C)
85.847
Page12
continued...

R-space Gallery
Notes to the binancial Statements - continued
for the Year Ended 31 March 2023
MOVF.MbNT IN FUNDS- continued
Net mov¢mcnt in t"uiicls. inLluded in the above are as follows..
IIiLoinin
rL.soufLe8
RLsoLirccs
¢xpLiidcd
MovcmLnt
iii ￿1]d$
Unrestricted funds
Cjcneral Fund
16,740
(9,610)
7,130
Rcstricted funds
Ai1% C.'oiiiiLil ol. Nc)rthcni Ircllc nd
Artisl,
LCC'C
National L()IIL'ry I ILrilagvu Piiiid
56,910
7115
(5? 190)
1785)
17351
4,720
49,1)7C)
49,676
108,106
{.53.711)1
54..3()()
TOTAL FUNDS
124.84()
16.3,3201
61.5?6
ComparatlVL'S for movemL'nt in funds
movLinL'nl
in fuiids
At
.31.-3.22
At 1.4.21
Unrestrictcd funds
16,552
I C).009
Re%tricted funds
Arl% CoiiiiLil ol- Nortlieni IrLland
l.lalit"ax
(().303)
2.514
14,615
(2,514)
8,312
{.3.7891
X.-312
TOTAL FUNDS
12.7().3
11,5511
24..321
Pa&ye 13
coiitinlied...

R-space Gallery
Notes to the Financial Stat¢ments- continued
for the Year Lnded 31 March 2023
MOVF,MF.NT IN FUNDS - continued
Coiiipcirative nLI movenicnt in tunds. il)Llu(led in the (Ibove are as follow%:
Incoiiiing
rLsoufLL'
ResoLirccs
LXPLndLd
MovLinL'nt
iii liiiid.
Unrestricted funds
General Fuiid
21,760
(22.303)
(543)
Restricted funds
Art% C.'oiiiiLil ol- Northcrn IrLland
FlJli lax
Artislb
FoylL Foundation
LC'CC
63,283
(48.668)
{2,-$14)
{2.125)
(2,500)
{5.400)
14,615
12,$141
2,125
2,500
5.400
73,308
(61,207)
12,101
TOTAI. FUIYDS
95.0(18
{83,51(1)
A Luiirnl year 12 Inontli% and pi-i(Ir yLai- 12 Inonih.% combinLd po%ilion is (IS t"ollows'.
NLt
In()vLni¥iit
iii fuiid,s
Al 1.4.21
UnrestriLted funds
CiLnLr4211'"Iind
I C),5.52
1).5R7
23.139
Ri'5trictL.d funds
Art.% (.'ouiiLil ot. Northcm IrLlJncl
Ilalilax
Nalioiial LollLry FILril:IblL Fund
(6,-1113)
2.514
1 (),-33
{2,514)
49,676
11.1132
49,676
(3,78L) )
66,4()7
62,70
TOTAL FUNDS
12.7()3
73,084
85.847
Pag¢ 14
conlinlied...

R-space Gallery
Notes to the Financial StatLments- eontinued
for the Year Ended 31 March 2023
MOVF,MEIYT IN FUNDS- continued
A cun'ent yLai' 12 months and prior year 12 montlis Loiiibined net movement iii tiiiids, incliidL(l in Ihe
¢ bove are as follows..
Incomin
rc'sourL¢S
Rc8oiirLL%
CXPL'ndid
Movement
in IuiiLIs
Unrestricted funds
Genei'¢il l.uiid
38..500
(31,913)
6,587
RLhStri¢ted funds
Arts Ci)unLiI of Northem Ircl&incl
Hall lax
Artists
FoylL Fouiidiqlion
LCC('.
1211.1 l).I
{ I1111.X581
(2,514)
(2.910)
(2,$001
{C),1351
l (),-3.35
{2,5141
2,910
2.500
(),135
4L),1)7f)
N&?linn1< l LollLry l-ILfiiLig7C l.und
4l),67()
1141,414
(114,917}
()C),497
TOTAI, FUNDS
219,()14
{14(),141(1 I
7.1,IIX4
REI.A'fLD PARI'Y DISCI,08URF.S
ThLrL w¢rL' iio rL'lalL'd Piirly Ini1￿?,ILl1OnS for IhL yciir ¢'ndLd I l March 2023.
Page 15

R-space Gallery
Detailed Statement of Financial Activities
for the Year F.nded 31 March 2023
31.3.23
31.3.22
INCOML AND ENDOWMENTS
Donations and legacies
Doiidli011s
908
8.321
Other Irading activities
I IirL fL'CS
F.xl)ibition 5alcs
440
1,177
300
3.036
1,617
3,336
Charitable activities
1 ()7,-1?1
83.411
()Ihci' incuin
122,-121
83,411
Total incoming rcjiources
124,846
95,0()8
EXPENDITURE
Charitable uctivitie¥
10.()l.I
25,01111
8.1.38
?s,111111
1.{14?
C"uriili)r
iisurclllCL
LibFhi Liiicl hcclt
TLILphunL
Po%taL7c dnd %talioncry
AdvLrtisinb
Siiiidrics
F.xliibilioii & artist costs
EquipinLiii & InalLficTrls
rccl6inc¥ costs
Reserves provision
RLni & rates
ProtL.8%1()llcil fLLS & subscripiions
Motor & Iravil
Bank chargFCS
Equipm¢nt repairs
C)411
()71
9111
c)0
15,980
.5()()
3,525
15.000
5,813
-320
278
-302
(42)
11.715
5,818
2,270
1,902
167
I,o{i()
159
421)
62.405
82,690
This pagic docs not fom] part of the stalulory fitianLial stalLinLnts
Page 16

R-space Gallery
Detailed Statement of Financial Activities
for the Year Ended 31 March 2023
31.3.22
Support costs
GovLhrnanee eosts
ALLOLintanLy diid IL'Lval ILLS
915
820
Tothl rcsourccs cxpcndcd
Net income
61,526
11,558
This pagyc doc8 not fonn part of th¢ statutory financial stalL'inents
Page 17