PUBLIC POLICY FORUM NI LIMITED (PIVOTAL)
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 MARCH 2023
Registered Charity No: NIC108659

KAR.EN
DRENNAN
Independent examinees report to the charity trustees of the Public Policy Forum Nl Ltd
Charitable Company
I report on the accounts of the company forthe year ended 31 March 2023.
Respertive responslbllitles of charity trustees and examiner
As the charity trustees land the directors of the company for the purposes of company lawl
you are responsible for the preparation of the accounts in accordance wlth rhe requirements
of the Companies Act 2006. Having satisfied myself that the charity is not subjett to audit
under company law as the charity is a small company charity, it is exempt from audit in
accordance with section 477 of the Companies Act 2006, and is eligible for independent
examination, it is my responsibility to:
examlne the accounts under 5ectlon 65 of the Charltles Acr
follow the procedures laid down In the general Directlons given by the Charity
Commission for Northern Ireland under settion 651911bl of the Charities Att
state whether matters have come to my attentlon.
in
Basls of independent examinerf5 report
I have examined your charity accounts as required under section 65 of the Charities Att and
my examination was carried out in accordance with the general Dirertion5 given by the
Charity Commi55ion for Northern Ireland under settion 651911bl of the Charities Att. The
examination included a review of the accounting records kept by the charlty and a comparison
of the accounts presented with those records. It also included consideration of any unusual
Iterns or dlsclosures in the accounts and 5eeklng explanatlons from you as charlty trustees
concerning any such matters.
07730 J09081
Iiifo (i l<aiendi'ennaiil)ills.coiii

My role 15 to state whether any material matters have come to my attention giving me cause
to belleve:
l. That accounting records were not kept in accordance with section 386 of the
Companies Art 2006
2. That the accounts do not accord with those accounting records provided.
3. That the accounts do not comply wlth the accountlng requirements of section 396 of
the Companies Act 2006 and with the methods and principles of the Charities
Statement of Recommended Prartice applicable to charities preparing their accounts
In accordance wlth the Flnancial Reportlng 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 examlnerfs statement
I have completed my examlnation and have no concern5 in respect of the matters111 to141
listed above and, in connettion with following the Direttlons of the Charity Commlssion for
Northern Ireland, I have found no matters that require drawing to your attention.
The account5 have been prepared usingthe accrual rnethod.
Thls report Is made solely to the charitable company's rnembers, and work ha5 been
undertaken tothat I mightstatetothe charitable company's members those matter5 which are
required to state to them in this report and for no other purpose. To the fullest extent
permitted by law, I do not accept or assume responsiblllty to anyone other than the charitable
ompany's members and the charitable company's members as a bodyi for this report, or for
the opinions I have formed.
eni
Karen Drennan
Karen Drennan Business Management Servlces
Chartered Accountant
lol Killinchy Road
Comber BT23 SNE
7 June 2023

PUBLIC POLICY FORUM NI LIMITED - PIVOTAL
STATEMENT OF FINANCIAL ACTIVITIES
AS AT 31 MARCH 2023
Total
Funds
2023
Note Unrestricted
Restricted
Income from:
Donations and legacies
Other Trading Activities
Invcstments
55,000
31,525
55,000
31,525
Total income
86,525
86,525
Expenditure on:
Raising Funds
Other Trading Activities
95,854
95,S54
Total Expenditure
95,854
95,854
Net (Expenditure)IIncome
(9J29)
(9,329)
Reconciliatlon of funds:
Total funds brought forward
68,257
68257
Total funds carried forward
58,928
58,928

PUBLIC POLICY FORUM NI LIMITED - PIVOTAL
INCOME AND EXPE_NDITURE ACCOUNT
AS AT 31 MARCH 2023
Total
2023
Total
2022
Income
Interest and investment income
86,525
111,094
Gross income
86,525
111,094
Expenditure
95,854
115,541
Total expenditure
95,854
115.541
Net ineome
{9J29)
(4.447)

PUBLIC POLICY FORUM NI LIMITED- PIVOTAL
BALANCE SHEET
AS AT 31 MARCH 21123
Note
2023
?022
Fixed a&8ets
Tangible gssets
Currtht *&8ets
Other Debtors
Cash at bank and in hand
15
7.053
54,064
61,117
8.000
64.306
72,306
Creditors:
Amounts fallfing due withln oDe year
16
(2,189)
14.049)
Net current asset5
58,928
68,257
C.redilors:
Amounts fsilling due 2fter more th*n one y￿r 17
Net assets
58,928
68.?57
Charity FuDds
R¢51ricled funds
Unrestrlded funds
19
19
58,928
68,257
58,928
68.257
These financial statements have been prepared in a￿Ordance with th¢ specia] provisions for
small Companies under Part 15 of ihe Companies Act 2006.
These financial statements on the following pages wer¢ approv¢d by Ihe Trustee5 and authorised
for issue on
Thistee
Thislc¢
The nole5 on The following pages forin part of these finanGial 5tat¢tnents.
Company Regislration Number.. Nl 656627

PUBLIC POLICY FORUM NI LIMITED- PIVOTAL
STATEMEIYT OF CASH FLOWS
AS AT 31 MARCH 2023
Note
Total
2023
Total
2022
Cash flow from operating 2ctivitie5
21
(9,329)
(4,447)
Net cash flow from operatillg activities
(9J29)
4,447
Changes in:
Trade and other debtors
Trade and other creditors
947
(1,860)
8,000
1245
Net cash flow from operating activities
913)
(6.755)
Cash flow from financing activities
Pr()ceeds from bank loan
R¢payment of bank loan
Net casb flow from finaDcing activities
Net decrease in cash and casb equivaI¢nts
(10,242)
(11202)
Cash and cash equivalents at beginning of year
64.306
75,508
cash and cash equivalents at end of year
54,064
64 J06
* Plea* note figures from 2022 have recalculated and updated accordingly.

PUBLIC POLICY FORUM N I LTD
NOTES ON THE FINAIYCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
ACCOUNTING POLICES
General Information and ba315 of preparation
The Publi¢ Policy Forum Nl Ltd is a charitable company and not havin8 a share capital and is
registered in Northern Ireland.
The financial statements have been prepared under the histOTical cost convention and in
accordance with applicable United Kingdom accounting standards and the Ststernent of
R¢¢ommended Practic¢ by the Charity Colnmission for North¢rn Ireland.
ststement of Complianee
The financial statements have been prepared in compliance with the Accounting and Reporting
by Charities: Statement of Recommended Practi¢e applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable n the United Kingdom
and Republic of Ireland (FRS 102). the Charities Act (Northem Ireland) 2008, Charities Act
(Northern Ireland) 20 li. Charities (A￿OUnts and reports) Regulations (Northern Ireland) 2015.
the Companies Act 2006 and UK Generally Accepted Prnctice.
The financial statements are prepared on a going concern basis under the historical cost
convention. The financial st2teTnents are prepared ir] sterling which is the functional currency
of the charitable company and rounded to the nearest £1.
Fund accounting- unrestricted fund5
The charitable company's unrestricted funds consist of a general fund which is expendable at
the di5crction of the trustees in furtli¢rdn¢e of the charitabl¢ objects of the organisation. The
Irustees may at their discretion designate funds for specific purposes but the designations does
not legally restrict the trustees, discretion to apply the funds.
Fund aceounting- restricted funds
The charitable company's restricted funds eonsist of funds where the donor has imposed
restrictions on the use of the fijnds.
Income reco£nltion
All incoming resources are included in the Statement of Financi81 Activitie& (SOFA) when the
charitable company is legally entitled to the income after any pcrformance conditions have been
met. the amount can bc m¢asured reliably and it is probable that the income will ￿ received.
For donations to be recognised the charitsble company will have been notified of the arnoui]ts
and thc scttiement dat¢ in writing. If ther¢ are conditions attached to the donation and this
requires a level of perfonnance before entitlement can be obtsined then income is deferred until

those conditions are fully met or the fulfilment of those conditions is within the control of the
harilable company and it is probable that they will be fulfilled.
Voluntary income received by way of donations and gift is credited to revenue on a receivable
basis.
For legacies. entitlcin¢iit 15 th¢ ¢arlicr of tlic Gharity Lting notificd of an impcnding distribution
or the legacy being received. At this point income is recoEnised. On occasion lesacies will be
notified to the charitable company however it is not possible to measure the amount expected
to bc distribut¢d. On thcsc occasions. thc Icgacy is treat¢d as contingent asset and discloscd.
The charitabl¢ company has received a grant from the Infrrnational Public Policy Observatory
to further its charitable activities. Income from Erants are recoEnised at fair valu¢ when the
charitable company has entitlement after any performance conditions have be¢n met, it is
probable that the income will be Teceived, and the amount can be measured reliably.
If entitIement 15 not met, then these amounts are deferred. Revenue grants are credited to
incoming resources on the earlier date of when they are received or when they are receivable,
unless they relate to a specified future period. Grnnts which contribute towards specific
expenditure on fixed assets are credit¢d to the Statement of Financial Activities in full upon
receipt.
Aeerned In¢ome
Income from certain events has been accrued os the concerned event o¢¢urred before the year
end.
Value Added Tax
The charitable company is not registered for V AT purposed: therefore. expenditure is shown
gross of VAT.
Expendlture Recognitlon
All expenditure is accounted for on an accruals basis and has been classified under headings
that aggregate all costs related to the category. Expenditure 15 recognised where there is a legai
OT 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 ¢ategorised under the following headings:
C05ts of raising funds compriscs of dircct COSts' and
Expenditure on charitablc activities compris¢s those costs incurred by thc charitablc
company in the delivery of its activities and services for ils beneficiarie5 and include5
direct cost5 for example, salary costs, consultancy cosls, travel and subsi5t¢n¢e and an
apportionment of 5UPPOrt costs

Support costs allocation
Support costs are those that 2SSiSt the work of the charitable coinpany but do not directly
represent charitable activities and include offic¢ G05ty governance costs and admintstrative
payroll costs.
They are incurred direthly in support of expenditure on the objectives of the Charitable
¢ompany. Where support costs cannot be directly attributed to headings, they have been
allocated to cost of rdising funds and expenditure on charitable activities on a basis consistent
with use of the resources.
The analysis of these costs Is included in note 7.
Taxation
As a charitable company, the company benefits from various exemptions afforded by tax
legislation. It is therefore not liable to ¢orporation lax on income or gains falling due within
those exemptions. Recovery is made of tax dediicted from receipts under gift aid.
Colng Concern
The fmancial statement has been prepared on a going concern basis as the Trustees believe that
no material uncertainties exist. The Trustees have considered the level of tunds held and
expected level of Income and expenditure is sulricient with the level of reserves for the
¢haritable coinpany to be able to continue as a going concern.
2. Status
The company is a company limited by guarantee.
The company is accepted as a charity by H M Revenue & Customs within the definition of
Section 506(1) of the Incorne and Corpordtion Taxes Act 1998. The company has been
registered by the Charity Commission fDr Northern Ireland since March 2022 (charity number
NIC108659).

PUBLIC POLICY FORUM IYI LIMITED - PIVOTAL
NOTES TO THE FINANCIAL STATEMENTS (Conlinued)
AS AT 31 MARCH 2023
Income from donations and legacies
Unrestricted
Funds
Restricted
Funds
Total
Funds
2023
Total
Funds
2022
Programme Sponsorship
Fundraising & Donations
Other income
15,000
32,000
8,000
15,000
32,000
8,000
69,594
69,594
4. Income from Other Trading Activities
Unrestrficted
Funds
Restrlcted
Funds
Total
Funds
2023
Total
Funds
2022
Equality Commission Nl
The Executive Office
Lin¢n Quarter BID
The Dcpartment of Education
Belfast Chamber of Comm¢rce
Training & Other incomc
29,750
29,750
25.000
10,000
3,000
3.500
300
300
1,475
31.525
1,475
31,525
41,500
Ineoxne from investments
2023
2022
Interest

PUBLIC POLICY FORUM NI LIMITED- PIVOTAL
NOT￿ TO THE FINANCIAL STATEMENTS
AS AT31 MARCH 2023
Anily¥is olexpendlture
AL*ivjij
undertakert
dir¢cUy
Crnnt fuiidin
8uppon
cost5
TDthI
2023
iiesearch & PublitLtions
Communieotion & EngoB¢meni
CoveTn8nce & Administration
Fundtaisin8
53,43?
15.075
7,097
7.097
1.703
856
]29
322
3.?03
7,419
9.5,&4A
Anhlysis oftxpendlture
Ac(ivtlj¢S
undertaken
directly
Gr￿1 lundin8
Support
eo5t5
2022
Con5uiiancy Fe
Rc5ur¢h & Publi¢oiions
Cornmunitraiion & Fngtsgemeni
GovcTnance & Adinini￿ratioll
Fundraising
4.325
4J25
65J06
2&149
8fi1
&880
984
535
189
188
1.896
27.614
8.697
8.69•
113.645
Alloca￿oll of support costs
Raising fijnds
Charitable
uctivity
2023
Govemonee & Admini$tsytion
Finance
D¢prcciation
600
99
6011
699
699
Allotailott of supporr tosty
Raibing funds
Chariwble
Total
2022
vernance
600
91J
915
DeprtEiatlDn
698
698
CovtrllaDce to3ts
2023
2022
Independcnt Examiners CThts
TTUSte&4 remiinernhon
Tn]Slc¢ ￿pQnSeS
Lwul and prof¢ssional fe¢¥
h¢r
600
600
28
1.103
600

• i*th
Illl

PIIBLIC POLICY FORllh.l NI LI￿lITED- PIVOTAL
NOTLS TO THE FINANCIAL STATEMENTS fcolltimied)
AS AT 31 MARCH 2023
10. Net illcTrme f(Jr the yellr
This IS staled aftcr ¢hArging'.-
2023
2022
IndEpendenl Examin¢TS Fee
DepFeci4ti(>n of fixcd as%LL%
Op¢ralLng le&4e puyznetkls
61JO
I l. Inijependent Examlner's remuneration
The independent examirt¢es Temuneration amounts tts £600 and other services of
12. Trustees and key m8DageMcnt perSO￿ne1 remuneration expeDKs
The Trust￿5 ll¢ithcr r¢ceived norwaivcd any rcmuncrdtion during die ycor.
Travel expen5e5 of L?8.14 paid duriiig ihe sear_
The iotol amount ot empl￿￿¢ benefits rccciv¢d by key m#nagcment personnel is £41.715.
13. Staiftost5 And employee be¢efJts
The av¢Tag¢ number ofemployec& emplos'ed by th¢ company
dllrittgthe period April 2022_ M￿ch 2023 as 2.
2023
Number
2022
Number
RJising funds
Charitablc aetivities
Govemance
The toral 51aff Costs and emplosee benetits incurred during the year w&5 us fOll￿¥s..
2023
2022
WugG3 and sa]ari¢3
Sociol wcurity costs
D¢fin¢d contribution pension ¥osts
62,538
2,144
90,817
9,079
104.823
70.936
No employee received total employce IKnefits (exeludillgemploy¢r ￿nSIOn co$151 of rn0￿ Ihan £60.000 during ih
p¢riod April 2022- Maroh 2023.
2023
2022
Allo¢al¢dio.'
Raising funds
C'harilablc activity
7U.936
70.936
56.229

PIIBI.IC. POI.ICY FOREI￿1 Nl LlhllTED- PIVOTAL
NO'fLs TO'fHE FINANCIAL ￿ATEmE￿[S {ConlinMed)
AS AT31 fvIARLH 2023
14. T#x#lio
The charitable compsn>' is a r¢gi5tcred chority and os sueh, is entitled to certain thx exemptions on income and profits from
Inve%imLnts and gUTpluses on any Lrlldlnu £lLt1vjll￿ LJrriLd UUL Iti tlie furtJiLrdi]￿ ufili¢ aitLrtiabl¢ ￿￿1}p￿IlY s prti11£￿ Obje￿1￿¥.
if ihese profits a[￿ surpluses are applied sol¢lJ for charithble purposes.
Th¢ ¢liariZy is Dot re8i5ter&J for VAT and accordillgly. all th¢ir CXp￿dItUtl. is inclusiv¢ ofvAT incurtd.
15. Debtors
2023
2022
Prepayments and accrued incoTne
Amounts uived by reiat¢d party
7.053
8.oorj
7.053
8,000
16. C.reditnrs: ￿mOUnts fallinR due withitt y¢g1'
2023
21122
Bonk Ic¥ans #nd overdrnlls
Other t2x and soci81 se¥urity
Other ereditor4
Amounts ￿Ved to related party
Accnjals
Dctcrred itJ¥om¢
633
3A16
2,189
2.189
4.049
17. C.reditOT5:.amounts f*lliDki dut after morc than oll¢ y¢ar
2023
2122
B¥nk Ii)ans and ov¥rdrafts
18. Penshoms
Th¢ cotHpan)' ()pcrates a monrj, purcha5¢ pensioft sch¢in¢ for iLs cmploJ'c¢s. Ttie assets ordi¢ 5rh¢mc hLld s¢para(¢ly fro
those of the company in on independently adrnlnis￿red fund. M)e pension cosl%' ¢liarge repTesenLs contributions payable by the
compnny to the tund and amounted to £8.755 {2021-2022 £12,710) The amount of pension Costs acLnJed at the year end amounted
10 £2189 (2n21-2022- £2140).
19. An#ly5is of net assets b¢tw¢¢rt funds
Tangible
Net Guntnt
assets
Long tcrni
assets
2023
Unresirieted
Rcstricl¢d
58.928
58.928
Total
58.928
58.928

PUBLIC POLICI, FORUM NI LI,%IITED- PIVOTAL
NOTES TO THE FINAP4fiAL sfATEMENT.S (CttRlin¥edJ
AS AT31 NIARCH 2013
20. Fund reronciltalions
Unrt5trlcitd fund5
Blllance ol
31-Mar
BlllAn¢¢ *t
31 MfjY¢h
2023
In¢¥m¢
ExFndiiu
Tran$f¢rs
Geft
Desi8noted
68.257
86525
195.8541
S8918
86.52)
9),854
UHr¢5triL￿l fund¥ LOll¥iSLof funds whi¢h &r¥' l*p#i￿llbI¢0ith¥ dis¢reiion orth¢ LTharity in funhernn¢L ofits0bj¢di￿$.
In gddition to expenditureon Aotivitiegsuch fvndgmavhe held in nrdertnfinJnÈe capithl invesknent fjnd WOTking cgpital.
21. RteoA¢lllatlon of Thet intome to het cAih flow. from OPErJting gc¢lvltle%
2(b23
2022
Nei ineome for Ihe yeGr
9J29
4.447
D¢pJuiaiion ond impaimi¢nt vl"mnwblc fixcd a55¢1S
Intert%% trom in%tstmenL%
Inffta5e in debtors
Increase in creditor5
947
11,8601
Net cash now from yraiinB acLi%iti¢s
JO342
11302
22. ￿n￿￿tI#l tommilrnents
No eonlru¢ts hud boon plGc¢d fi>r future ¢apilol expenditure Atth¢ balance sheet dgte.
23. CONTINCENT LI,IBJLITJES
company ha$ L eonbn6ent Iisbilityto repoywnts received if the compjnv hil$ to eompl51 Wlth certsin
conditithn$ 5tipuill￿d in the l¢¢leT5 af otyer LLndcr ivhich the grartis i￿re paid. The direciors do not ¢1￿CLanY
¢laim5 tD be made in this respECt_
24. COMPANY LIMITED BY GUARANT£i
The Public Policy Foruin Nl Lid is d ¢ompany limiied bygullrnnt¢e having nts Share tapital. It is gov¢med by
Memorandum nnd Artides of Axsociotion And the liobility of the memb￿& ]% IiTnited lo Mn llmr*unt rtot
exc(¥4ing£l.
Is. rrHlC.AJ.￿￿NfjARrJq
ITr common willi many othcr Orbani￿li0nS of our siz¢and lltsiur4 w¢uscollr ind¢pendent cAamincrio prep8re and ￿SiS1
wilh the preparation gf th¥ fin￿LIa1 Stsiirnviii5.

PUBLIC POLICY FORLM NI LIMITED- PIVOTAL
DETAILED INCOME AND EXPENDITURE ACCOUNT
AS AT 31 MARCH 2023
2023
2022
IIYCOME
GRANTS
DcpartTncnt of Foreign Affairs
International Public Policy Observatory 15.000
54,594
15.000
15,000
69,594
OTHER INCOME
Researcli Income
Other Income
Donations
Gift Aid
30.050
1,475
32,000
8,000
41,500
71.525
41500
TOTAL INCOME
86.S25
111,094
EXPENDITURE
Central Costs
Salarie5 and NIC
Pension Contributions
Staff travel and subsistence
Staff training and conferences
Administration and office costs (Note I
Selection and Recruitrnent Costs
64,682
6254
318
96,744
9,079
162
2,885
1,209
1,732
75048
107,717
Communication & En,
Research & Publications
Communications & Engagement
Desis)n & Print
cnt
14.045
5,265
1,196
4,325
3,499
20,506
7,824
TOTAL EXPENDITURE
95,854
115,541
TOTAL INCOME (Page xx)
86.525
111,094
SURPLUS FOR THE YEAR
9J29
447

PUBLIC POLICY FORUM NI LIMITED - PIVOTAL
DETAILED INCOME AND EXPENDITURE ACCOUNT (Conlinued)
AS AT 31 MARCH 2023
Note I
2023
2022
ADMINISTRATION AND OFFICE COSTS
Telephone. computer & IT costs
Printin& stationery and postage
Insurance
Payroll Fees
Independent Examiners Fee
Professional & Legal Fees
Membership & Subscriptions
Bank charges
328
156
50
579
177
600
772
309
600
475
293
99
73
97
TOTAL ADMINISTRATION AND
OFFICE COSTS
2,885
1,732