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Charity Registration No. XR82700/NIC103347
Company Re9lstratlon No. N1027789 (Northem Ireland)
BEAT CARNIVAL
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
AWARD WINNING ADVICL..
CPIARTEAED
IKLAYD
IMM¢*
WIMIIE

BEAT CARNIVAL
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr F Galbraith
Mr J W Hodge
Dr W G McFarlane
Mr O Paulin
Mrs S Campbell
Mrs O. McKenna
(Appointed 12 April 20221
(Appointed 24 October
20221
(Appointed 14 August
2023)
Mrs L Dougan
Charity number
XR827001NIC103347
Company number
N1027789
R•g1St•r￿ offlce
11-47 Boyd Street
Belfast
Co. Antrim
Northern Ireland
BT13 2GU
Auditor
FPM Accountsnts Limited
1 3 Arthur Street
Belfast
Co. Antrim
Northern Ireland
8T1 4GA
Bankers
Ulster Bank
Arches Retail Bank
Belfast
Antrim
BT5 4AF
Key Management Personnel
David Boyd (Chief Executive Officer)
Jean Boyd (Operations Manager)

BEAT CARNIVAL
CONTENTS
Page
Trustees, report
Statement of trustees, responsibilities
16
Independent auditor's report
17-22
Statement of financial activities
23-24
Balance sheet
25
Statement of cash flows
26
Notes to the financial ststements
27-41

BEAT CARNIVAL
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2023
The trustees present their report and financial statements for the year ended 31 March 2023.
The Report and financial 5taternents have been prepared in accordance with the accounting policies set out
in note I to the accounts and comply with the charity's governing document, the Companies Act 2006,. the
Charities Act {Northern Ireland) 2008 and the Charities (Accounts and Reports) Regulations (Northern
Ireland) 2015 & Charities Statement of Recommended Practice 'Accounting and Reporting by Charities, IFRS
1021 for charities preparing accounts in accordance with the Financial Reporting Standard applicable in the
UK and Republic of Ireland.
Objectives and activltles
WHAT THE ORGANISATION DOES
Beat Carnival is Northern Ireland's foremost and long-standing Carnival Arts company. We create carnival
parades and outdoor art5 performance5. We encourage our city of Belfast and communitie5 acr05S the
country to think big about celebrating our creative, community life in ways that are ambitious and
welcoming to all. Beat's specialisms include performance art5 such a5 drumming, music, singing, street dance
and puppetry. We provide training and free-of-charge participation programmes and we have extensive
experience of work with community organisations. Beat's first camival parades were in 1995. There is no
other carnival arts organisation of the scale, activity, history or influence in Northern Ireland, where Beat
Carnival has introduced many of the artform techniques and trained many of the artist5 now working across
the country.
Participants gain new skills, connections and sUPPOrt at weekly activity programmes that take Pla￿ in the
Carnival Centre plus extensive local outreach in Belfast postcode and across Northern Ireland. Carnwal art5,
outdoors in public spaces with people from diverse background5, are experierTrced in way5 that are cu￿urallY
inclusive. Carnival arts bring new sources of creativity to Northern Ireland's traditional experience of cultural
parades and street music. The organisation's involvement in a wide range of ne￿OrkS, locally and
internationally, increases diversity of relationships and shared benefits. New and unique opportunities enable
people and communities to increase skills,. meet people from other areas, backgrounds and traditions,. and
gain positive experiences. Beat Carnival's activity is provided free of charge to participants and audience so
that barriers to access and engagement are as low as possible. Ease of access is one of the ways that the
activity increases equality of opportunity.
The organisation operates Beat Carnival Centre. The Centre with its programme of arts creation, education,
training, community outreach and events production, provides a focal point for anyone interested in the
development of carnival arts. Artists design, create, rehearse, teach and train at the Centre. The Carnival
Centre's work makes a special contribution to festivals, community celebrations and civic events. Importantly,
the premises and its activity provide an accessible, supportive and 'safe space,, particularfy for young people.
Participants at Beat's weekly programme of open-acce55 workshops range in age from 4 to over 60 years.
Workshops 5pecialise in teaching carnival arts of drumming, dance, making (float5, puppets, props, costume),
musiG street theatre performance, children's arts and crafts. Six or seven sessions operate over three to four
nights a week at the Centre. Public audience at Beat's free events gain enjoyment and an increased sense of
community pride and connection. In 2022-2023 Beat Carnival provided 1.995 benefit activities (workshops,
art15t se55ions, events) for 139,500 beneficiaries.

BEAT CARNIVAL
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Vision for the Future. Mission Statement and Value Base
Vision
The vision for Beat Carnival's work with artists, their audiences. the community, individual participants and
young people is of
-vibran¢ colourfu/ creative and welcoming society..
Beat Carnival will aim to achieve this through their organi5ational vision of being:
the leaders in excellence of Camival artlonns-.
Mlsslon
The Beat Carnival's mission statement IS to..
°Make acce55ible and spectacular Carnival leaving a legacy of creative skills collaboration, participation ana
elebration".
Values
Beat Carnival operates to a set of core values.
Inclusive.. Carnival is for everyone. Carnival activities celebrate diverse cultures and a common humanity
with as few barriers to participation as possible.
Quality.. There is an aim for excellence in everything Beat Carnival does.
Innovative.. Beat Carnival will strive to take forward the carnival artform, creating new ideas and
approaches. The skills and knowledge of local artists and carnival participants progressively increase
through training and experience.
Legacy.. Carnival will be devised, developed and delivered in ways that leave a legacy of skills, ambition
and achievement within comrnunities.
Civic pride.. Carnival makes visible the organi5ation'5 great pride in being created in Belfast.
Fun.. Enjoyment and entertainment are key aspects of every Carnival.
PROVIDING PUBUC BENEFIT
PUBLIC BENEFIT PURPOSES
Beat Carnival's charitable purpose a5 Set out in the Articles is, in summary, to:
advance public education, appreciation of and participation in carnival
promote arts and culture by managing an Arts Resource Centre as a cultural and social amenity
organising and delivering camival events, arts workshops and other activities, events, performanos and
initiatives throughout the year
providing tuition in creative design, constructional, textile and performance skills
promoting cultural tOUri5m and cultural exchange and opportunities for vocational and rec￿atIonal
purposes for all groups and abilities
advance community development by engaging with and assisting voluntary and community groups and
organisation5 to organ15e and participate in cultural, arts, leisure and heritage projects and initiatives
to promote other charitable purposes so long as these purposes would be considered to be charitab
under the law of Northern Ireland.

BEAT CARNIVAL
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
WHAT HAPPENED IN 2022-2023
Direct benefits provided by Beat Carnival's activities in 22-23 included new awareness of, and participation
in, creative activities for individuals, for groups and communities and for the general public. Fretraccess,
collaborative, carnival arts activities fostered good relations and, when possible, animation of putrAic and
neighbourhood spaces. including space5 that have been or are contested or controlled by factions. The
public spaces where arts activity took place were made rrnore welcoming for all. Beat Carnival's actimty
increased interest in arts in young people and under-engaged group5. The activity improved acce55 to
information and expertise about arts for excluded people and communities. In area5 that are deemed
'disadvantaged' it inspired ambition and enabled personal achievement and pride. Beat created
developmental partnerships with community groups and other arts companies, to increase representation,
knowledge sharing, skills sharing, specialist 5UPPOrt, capacity building and the promotion of shared values.
Beat's safe, imaginative and attractive art5 and cultural activity resulted in people, many of them being
children and young people, engaging with others. Pleasure and fun were gained through the programmes.
Children and young people benefited from emotional growth, personal development and increased social
skills. Participants, both individuals and groups, were better equipped to make positive chan9es in their lives.
Social connections were enabled in a year of damaging isolation and more people took positive action on
issues. An important benefit of Beat Carnival's activity was increased support of young people, whose mental
health issues were rnagnified by the Covid impacts in recent years. The irnpact of Covid curtailed activity in
schools because of their internal Covid restrictions.
Activity development and performance highlights over the year..
This was the final year of the SPOTing programme (Spaces Of Transformation), a three year art5
education methodology project with eight cultural centre partners in Europe. Learning from this project
is feeding into Beat's Youth Programme development.
Youth Development. Beat Carnival worked with over 60 young people per week (term times) across four
projects in our core programming. The young people range in age from 5 years to 18 years old. The
programmes focus on creative skills development., encouraging self-expre5sion,' and experiencing joy &
less stress. The youth programrne facilitators identified areas for future development and are working on
funding plan to support and ensure the youth development in coming year5.
Associated with the core youth programme, the Take A Beat summer week, Future Leaders and What's
The Story? initiatives proved successful. 'What's the Story?, is a diverse group of passionate and
enthusiastic young artists, interested in exploring arts for change and social action in a fun, safe and
creative space. The group received presentations from a variety of Belfast arts activists including the
Array Collective, Pure Mental, Another World Belfast and Alice Thompson I'Find your Why, Workshop).
At the end of this year there was some specific work with 25-year-olds, a5 we approached the 25-year
anniversary of the Good Friday Agreement for peace in Northern Ireland.
Beat produced a Spring Neighbourhood Festival that united two communities in the Shankill area.. Lower
Oldpark Community Association and Denmark Street Residents Association in Lower Shankill estate.
Many performances and events produced over the year included Halloween and Christmas
entertainment.
Following successful delivery of the 2022 St Patrick's Day Pageant pilot programme, Beat produced
2023's Belfast 5t Patrick's Day Parade, commissioned in Belfast City Council's Creative Development
Awards for a St Patrick's Day 'New Chapter. of Belfast celebrations. Innovations in our participation
programme and the bespoke Parade event were well received, however production was stressful as the
contract was given or)ly six weeks prior to St Patrick's Day. Over 1,000 people were involved in the
programme and parade,. the audience was the largest ever, with 40,000 packing the streets all around
the city-centre parade route. We devised a 'Voices of Belfast, theme, reflecting the diversity of Belfast's
music culture and tradition5. Prior to the parade we compiled a Making St Patrick's Day Parade
exhibition, displayed in Belfast Central Library.

BEAT CARNIVAL
TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
International collaborations and relationship development included the Trans Europe Halles network and
meeting in Prague.. TEH Arts Education Hub., TEH Cultural Transformation Project and MovemenL
International Music project exploration with practitioners in Scotland, Metz France and Belgium,- Samba
connections and ma5terclass a Pernambuco, Northeast Brazil percussion master. A long-time Ukraine
cultural partner vislted Beat, facilitated by British Council. We worked with international partner5 on a
proposal to participate in Voyagesffransfe5tival, Metl France in May: it did not happen as a fundirg
application was not successful. It is notable that two of the creative partnerships producing performance
sections for the Queen's Platinum Jubilee Parade in London wanted Beat Carnival to perforrn with them.
In the end, the expected London budget wa5 reduced and it was not possible for us to travel and
perform with paid artists.
Artist training: Structural design and prototyping,. and Silks artwork / dying,. Arts Education and
Community Arts methodology training for key Beat Community Artists-, Four Music facilitators received
trainin9 Wlth London School of Samba,. a specialist Maracatu Masterclass with Alexandre Garnizé from
Brazil.
There was a Board and Staff Strategic Planning Day in August.
Researchers were engaged on three subjects: 11 Beat Carnival Archive, particularly focused on the St
Patrick's Day event, with a view to further expanding the research of our practice generally,. 2)
Community Arts Workforce.. issues, needs and developmen¢ 31 Carnival Centre Building Development to
improve the building, its fabric, facilities and usability. The archive researcher was further engaged on
Belfast St Patrick's Day consultation and the architectural researcher further engaged to draw up a plan
proposal for making Beat'5 arts activity space more accessible. This resulted in important building works
to create a wheelchair accessible entrance and a disabled-accessible toilet. The Beat Carnival Centre
amenity is in a Super Output Area Ishankill 2) and much of Beat's activity benefited areas of high
disadvantage. Beat employed the SPOTing European project Researcher, from our long-term arts team,
to work with the partners, write case studies and produce a dissemination report.
Three individual placements.. one for the Prince's Trus¢ one a UU International Event Management
student, another assisted Beat artists with Community Arts makes.
We provided group placements for students from ArtEZ University of The Arts, Arnhem, Netherlands and
hosted an educational visit by Surrey University International Events Management students to learn
about our work and approach to events.
Board development.. significant Beat Carnival Board recruitment of two new members bringing specia&st
knowledge, experience and enthusiasm to the company included one whose first engagement had been
as a programme participant.
Stakeholder engagement continued on the direction of Beat Carnival's next Strategy Pla
One of the many comments and endorsements received over the year is this from a Brazilian carnival
performer, teacher and company/project organiser. Belfast has what for me is the most cornplete
carnival HQ outside Brazil that I have ever seenl Plus the organisation hosts culture from all over the
world."
Beat Carnival was able to ascertain the value and effectiveness of its activity
because it monitored details of participation and outcomes,. gathered feedback from participants
audience,. used agreed performance indicators,- produced reports and commissioned external consultation
services. 2022-2023 numbers all increased from the 2021-2022 year.

BEAT CARNIVAL
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Company and prograrnme performance
PROGRAMME PARTICIPATION and AUDIENCE
Number of full-time equivalent staff
Number of short-term, contracted or freelance staff
131
Number of volunteer5
76
Number of volunteer hours
602
Number of participant sessions
Number of individual participants
Number of Artists work / development sessions
Number of Performances / Event5
Number of estimated audience-attendees
344
1,787
1,620
31
137,500
Number of visitors from outside Nl
200
Number of online products (videos etcl
Number of known online audience-views
69
24,861

BEAT CARNIVAL
TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
CORE ANNUAL ARTS PROGRAMMES
Beatstyle
Carnival School Arts Education
Tiny Beat & Junior Beat
junior Carnival, What's the Story? & SPOTing
BEATnDRUM, Brass Ensemble, Samba de Roda,
Modem Rhythms Masterclasses & Community Music
WTS? Neighbourhood Carnivals, Arts Services, St
Patricks Day & Events
Beat Carnival Muslc
Social
Engagement,
Performances, SeNices
Events,
ARTS DEVELOPMENT PROGRAMMES
rhe Way Forward
Partnerships, Research, Carnival Centre Developmen
Training
Island-wide & International for inspirational research,
development and delivery
Networks
8eat5tyle
Children'5 and young people's multi-arts at 8eat Carnival Centre
Promoting wellbeing and emotional resilience, enabling our young people to express themselves in
a creative and safe environment
Projects are co-designed and co-directed by our young people and we constantly adapt and
change programme to suit their wants and needs
Carnival School
Junior Carnival expanded, reaching out to 'di5advantaged communities,
SPOTing delivered leadership training and consultation with young people
Costume masterclass for yp
Research into arts education methodology continued
Beat Carnlval Mu51¢ including BEATnDRUM
Weekly training and rehearsa15, mostly Samba drumming and muslc
BEATMDRUM beginners, classes
Brass masterclass with Mr Wilson's Secondliners
'Make Music Day. video produced
Performancgs and Arts Services
Neighbourhood Spring Festival
Sailortown Festiva
8EATnDRUM and Beat Art15t5 performances in Belfast Mela, Maritime Festival, Lord Mayor's Day,
Belfast Halloween events, Christmas Lights, ArtsEkta's Mela Parade and in other places including
Lisburn, Donegal, Ballycastle, Bangor, Antrim, Coleraine, Derry, Liverpool
Green Space5 Dark Skies
Our Place In Space
Belfast St Patrick's Day Parade
University of Ulster Open Days
4 Halloween events
4 Christmas events
Art5 Outreach across Belfast
Artist Training and Carnival Artform development
Silk painting and carnival flags & banner making
Carnival Rhythms Ma5terclasses
Carnival costume making and backpack design
Carnival float creationldevelopment

BEAT CARNIVAL
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Netrmorks and International Participation
International collaborations and relationship development included the Trans Europe Halles network
and a meeting in Prague., TEH Arts Education Hub,- TEH Cultural Transformation Project and
Movement
International Music project exploration with practitioners in Scotland, Metz France and Belgium,.
Samba connections and masterclass with a Pernambuco, Northeast Brazil percussion master
A long-time Ukraine cultural partner visited Beat, facilitated by British Council. A significant meeting
was held at Beat Carnival with the British Council Ukraine Office and Beat's Ukraine colleague. All
are committed to developin9 collaboration in 2023-24
North 8elfast Arts Festival organising committee
Percenta9e of total programme that included particular categories of participants, % groups and individuals
identified as usually 'missing out,, that engaged in Beat Carnival programmes..
Participation Engagement
of programme activity that involved
individuals in these categories
100
People with a physical or mental impairment
Newcomer or ethnic minority people and groups
People living in deprived neighbourhoods
LGBTQ+ people
Older people (aged 65+1
Children and young people (aged 0-241
Unemployed People
100
100
100
50
80
100

BEAT CARNIVAL
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
STRUCTURE. GOVERNANCE & MANAGEMENT
Nature of the Governing Document and Constitution of the Charity
Beat Carnival is a registered Charity (NIC103347 and HMRC XR 827001 constituted as a Company limited by
guarantee and is therefore governed by Articles of Association. The directors of the company are also
trustees of the charity. Eligibility for membership of the charity, and membership of the board of trustees is
governed by the Articles of Association.
Relatlonships Between the Charity and Related Partles. Includlng It5 Sub5idiarie5
The charity has a social enterprise subsidiary (Beat Trading Ltd) with which it has many transactk)ns and
controlling interest. The only other related parties are trustees and there are no transactions with them.
Company Operations and Projert Management
Beat ha5 a long-term Strategic Plan and an annual Operational Plan. Its projects operate within that
framework. Projects are managed through Project Plans with timeline5 and Project Team5. The project
budget 15 monitored and adjusted as necessary to ensure that spend does not exceed the project income.
Beat produces detailed risk assessment for events.
Beat targets recruitment and publicity to ensure that a wide cross-section of people get involved in the
ompany and its programmes.
Beat's Director presents a monthly financial report to the company Board. Beat operates separate cost
centres on SAGE. Beat's financial statements are subject to a full financial audit at the end of each financial
year. Beat management and Board of Directors regularly review financial procedures. Beat operates
procurement policy and has a select list of supplier5 that is updated at the end of each financial year.
Beat provides value for money by careful costing, recycling materials and having a high level of voluE)tary
contribution.
Beat Carnival complies with legislative regulations laid out in Equal Opportunities legislation, Ihe Disability
Discrimination Act and the Children's Order, GDPR and other appropriate legislation. Beat Carnival Policies
include.- a Child Protection & Safeguarding Policy, a Health and Safety Policy, Community Relations Policy,
Harassment Policy, Equal Opportunities Policy and Privacy Policy.
Staff Training
Beat's youth programme manager completed an ILM Award Level 3 in Leadership and Management. Thi5
qualification is valuable for new, aspiring managers without formal training or qualifications that reflect their
experience. Other staff training undertaken included: C03 fundraising workshop., RecruiL Retrain, Reward,.
Managing Change,. Discover your Leadership,. Culture of Impact,. Cultural Governance Conference.
Staff Changes
The Carnival School Worker post finished (funding ended). This team member was employed in the weekly
programme on a freelance basis. This provides valuable youth work expertise in our youth programme and
staff team.
Risk Statement
Further to the above management statements, the trustee5 identify the major risk5 to which the charity is
exposed each financial year when preparing and updating a strategic plan, in particular those relat￿ to the
operations and finances of the charity. The trustees then review any major risks that have been identified
and establish systems to mitigate those risks. The charity is satisfied that the systems are in platr to mitigate
their exposure to the major risks that have been so identified and reviewed. The charity is open to the usual
financial risks of any organisation, and the charity has introduced controls to minimise these risks such as
two signatures being required for payments from the bank account. In addition, the accounts are regularly
explained to members of the charity and are open for member's inspection at any time. Identified risks
include.. Strategic, Financial, Governance, People, Reputation, IT and Data, Health & Safety, Assets.

BEAT CARNIVAL
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
The Beat Carnival Centre building
There were issues of concern with repairs needed to Beat Carnival Centre. Northern Ireland's uniqLE arts
creation facility. We think the asset is an important, unique asset in the Northern Ireland and Belfast arts
'ecosystem' and should be safeguarded and developed for greater benefit. In this period we undertook
further suNey and assessment work including a drains survey of the site. Repairs were carried out to some
of the widespread water ingress. The biggest improvement was in accessibility and inclusion, with creation of
an automatic entrance from Gardener Street to the arts activity room and an adjacent disability accessible
toilet.
FUTURE BUSINESS & PLANNING. ARTISTIC PLANNING & AUDIENCE DEVELOPMENT
Produce new organisational plans and priorities
Strategic Plan to 2026
Succession Plan to 2025
Youth Programme Strategy and Development Plan to 2027
Artistic Development Plan 2024
Marketing / Audience Development Plan
Consider corporate structure changes that could benefit delivery of events and access to
funding
Artform and audience developmentPlan evaluation sessions with artists on our Carnival Arts prarti
and ambitions., consult on and plan for artform development and new event5 in 2023 and 2024,. have
Carnival Arts Development Week
Carnival art5 Initiatives in four categories of public-facing and participatory arts..
I l Neighbourhood / North Belfast,. 21 City,.
31 Northern Ireland / out of Belfast.,
41 International.
Continue to provide specialist artform performance at community / neighbourhood places.
Embed environmental priorities and practices in carnival and outdoor arts construction and
presentation
Lead Northern Ireland hub of 'Beach of Dreams,, UK & Ireland creative climate awarene55 major
programme, for 2024 and 2025
Empower young people, increase the leadership and self-organising roles of yp
Organi5e a significantly enhanced Youth Programme, building on current weekly
provision
Allocate a specific room within the Carnival Centre for yp's self-organised use
Form new collaborations for a major outdoor spectacles and events, a wide range of arts,
community development, social activist and environmental expertise including main partners..
W5 / Odyssey Trust
QUB Sonic Arts Research Cent
QUB Centre for Sustainability, Equality and Climate Action
Fighting Words Nl
Fietinize digital, VR
Kinetika, London
Donna Fox Associates, England midlands
Maintain European partner projects. Participate in GB, European, international events
Arts Education Hub
Cultural Transformation Project and Movement
Ukraine cultural platform
Maintain relationships and potential for collaborations
Seek alternative means to resource intemational relationships and working, now that UK is
ineligible for EU funding
Organise a Beat Carnival 30th Anniversary celebration festival, September 2023

BEAT CARNIVAL
TRUSTEES. REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
The Beat Carnival Centre building
There were issues of concern with repair5 needed to Beat Camival Centre, Northern Ireland's unique arts
creation facility. We think the asset is an important, unique asset in the Northern Ireland and Belfrdst arts
'ecosystem' and should be Safeguarded and developed for greater benefit. In this period we undertook
further survey and assessment work including a drains sutvey of the site. Repair5 were carried out to some
of the widespread water ingress. The biggest improvement was in accessibility and inclusion, with C￿atIon of
an automatic entrance from Gardener Street to the arts activity room and an adjacent disability accessible
toilet.
Achievements and performance
Financial reviow
The Statement of Financial Activities on pages 24 & 25 report on the charitable activities in brief with an
expanded analysis in the note5 on pages 28 42 to the accounts. It show5 the overall source and application
of funds. The Charity had net incoming resources as at the 31 March 2023 of £28,385.
10-

BEAT CARNIVAL
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Reserves Policy
The trustees have resolved to establish reseNes to provide for future needs.
1. Background
The Beat Carnival company is limited by guarantee and it has no share capital. As a charitable organisation
as well as a limited company, Beat has the difficulty of attempting to meet the requirement of expernlirlg
funds in line with charitable objectives, as well as maintaining a solvent company that can meet unforeseen
circumstances. To this end and as part of the Business and Development planning, Beat has a Reserves
Policy that outlines the rationale for holding reserves. Beat will aim to maintain organisational r&erves at a
level that equates to at least 50% of annual administration overheads to allow it to deal with loss of funding
or other major shocks. Although Beat may not be in a position to maintain this level of free reservs at
particular point in time, it Should strive to achieve a reserve that equates to this level.
2. Reserves Structure
Complying with statutory and best practice guidelines, Beat reserves a￿ split into the following categories.
111 Unrestricted funds
Funds that currently have no known specific current or future purpose. These are kept to a minimum to
ensure the Beat is maximising the use of its available resources. These funds will be available to ￿SPOnd to
unknown risk5 and opportunities. Unrestricted funds can be spent on anything that furthers the objectives of
the organisation,. the money ha5 been generated through the Sale of services or expertise, hires, or public
fundraising or donations.
121 Designated Iunrestrictedl Reserve5 - Business Ri5k5 & Working Capital
The Business Risks & Working Capital fund includes allocation towards the on-going working capital
requirernents for project and grant funding received in arrears.
It is proposed that these reserves should also take into account any unforeseen external risks, over which
Beat has no control. Such risks included the followin9'.
The normal fluctuation in year on year activities
this relates to the situation where Beat may have
to fund a projected loss in any particular period from existing resources.
Provision of effective working capital to support the organisation's programme especially as many
projects are funded in arrears thereby creating a requirement for bridging cashflow. The designated
reserve may be utilised on an ongoing basis to bridge this cashflow gap, and as such saves Beat
from expending resources on excessive bank interest and charges.
Loss of funding for specific projects, whereby Beat gap funds the project in order to maintain staff.
Legal actions that may arise. which will require funding.
Changes in the political environment or in legislation that may require additional unplanned
resources.
Costs of expert insolvency advice or fundraising as515tance.
These reserves are expendable at the discretion of the directors.
11

BEAT CARNIVAL
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
(3) Designated {Unrestrictedl Rese￿e5 - Specified Purpose
If part of an unrestricted fund is ear-marked for a particular projecL it may be designated as a separate
fund. This may be designated for a project that Beat is seeking to build resources for. Designation does not
restrict the board members and they can change their minds. The designation will be recorded in the
minutes of a board meeting. as will any subsequent re-designation. A number of designated funds may exist
at any one time. Any transfer between funds and allocations to or from designated ftjnds, as well as the
reasons for setting up a fund, will be explained. The current specified funds are..
Building Development and Maintenance Fund - to build a fund that will enable premises and
facilities development in line with Beat's strategic plan for a Carnival Arts Centre of Excellence.
Redundancies Fund
to cover potential legal and contractual commitments in respect of staff
redundancies.
Strategic Development and Succession Fund - a fund that in part represents David Boyd's Creative
Briton5 award, which was donated to Beat as an unrestricted award and which Beat has decided to
designate to contribute to specific costs of creative opportunity and development. For the coming
leadership tran51tion period, the Creative Development Fund is now extended to be a Strategic
Development and Succession Fund, which will be particularly required in the 2023 2025 period of
strategic and leadership change.
30th Anniversary Event5 Fund
a fund to ensure that camival art5 celebration activities to mark the
company's 30th Anniversary can be delivered. Supporting specific fund-raising for the programme.
41 Restricted Reserves
Funds that have been given for particular purpose5 and projects. Within Beat this reserve usually relates to
specific grant funding received in advance. This reserve will be maintained at the level required by the
stipulations of the grant awarding bodies. The level of the reseNe will be calculated and agreed u) an
annual basis as part of the proce55 of preparation of annual financial statements. The annual review should
include an analysis of whether any of the stipulations have expired, therefore allowing the release of funds
to an unrestricted reseNe. The directors will undertake to ensure that all restricted funds are SO￿(Y utilised in
accordance with the terms of their being granted.
The the first two items are 'Unrestricted Rese￿e5,, as they are not subject to any restriction in law.
Beat's Board will review the reseNe strategy on an ongoing basis in order to ensure its relevance to current
business circumstances and risks. A fund designated for Succession has been added in this yearfs reserves
accounts.
12-

BEAT CARNIVAL
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
The trustee5 have a55e55ed the major risks to which the charity is exposed, and are 5at15fied that systems are
in place to mitigate exposure to the major risks.
Risk Statement
Further to the above management statements, the tNstees identify the major risks to which the charity is
exposed each financial year when preparing and updating a strategic plan, in particular those relat&1 to the
operations and finances of the charity. The trustees then review any major risks that have been identified
and establish systems to mitigate those risks. The charity is satisfied that the systems are in plao to mitigate
their exposure to the major risks that have been so identified and reviewed. The charity is open to the usual
financial risks of any organisation, and the charity has introduced controls to minimise these risks such as
two signatures being required for payments from the bank account. In addition, the accounts are regularly
explained to members of the charity and are open for member's inspection at any time. Identified risks
include: Strategic, Financial, Governance, People, Reputation, IT and Data, Health & Safety, Assets.
13-

BEAT CARNIVAL
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Structure. governance and management
Nature Of The Governing Document And Constitution Of The Charity
Beat Carnival is a registered Charity INIC103347 ar)d HMRC XR 82700) constituted as a Company Limited by
Guarantee and is therefore governed by Articles of Association. The directors of the company are also
tnjstees of the charity. Eligibility for membership of the charity, and membership of the board of trustees is
governed by the Articles of Association.
The trustees, who are also the directots for the purpose of company law, and who seNed during the year
and up to the date of signature of the financial statements were:
Mr F Galbraith
Mr J W Hodge
Dr W G McFadane
Mr O Paulin
Mrs S Campbell
Mrs D. McKenna
Mrs L. Dougan
(Appointed 12 April 2022}
(Appointed 24 October 2022)
(Appointed 14 August 20231
The methods adopted for the recruitment and appointment of new directorsltrustees
Members.. Subscribers are members of the company. Others must apply for membership and be approved
by the directors. A member may withdraw by giving written notice, unless there would be only two members
maining.
Directors.. Number shall not be less than 3,- there is no maximum number.
Appointment of directors: the company may by ordinary resolution appoint a director. A director may resign
office by notice to the company.
Company Operations And Project Management
Beat has a long-term Strategic Plan and an annual Operational Plan. Its projects operate within that
framework. Projects are managed through Project Plans with timelines and Project Teams. The project
budget is monitored and adjusted as necessary to ensure that spend does not exceed the project income.
Beat produces detailed risk assessment for events.
Beat targets recruitment and publicity to ensure that a wide cross-section of people get involved in the
company and its programmes.
Beat's Director presents a monthly financial report to the company Board. Beat operates separate cost
centres on SAGE.
Beat's financial statements are subject to a full financial audit at the end of each financial ye¥. Beat
management and Board of Directors regularly review financial procedures. Beat operates procurement policy
and has a select list of supplier5 that 15 updated at the end of each financial year.
Beat provide5 value for money by careful c05ting, recycling materials and having a high level of voluntsry
contribution.
Beat Carnival complies with legislative regulations laid out in Equal Opportunities legislation, the Disability
Discrimination Act and the Children's Order, GDPR and other appropriate legislation. 8eat Carnival Policies
include.. a Child Protertion & Safeguarding Policy, a Health and Safety Policy, Community Relations Policy,
Harassment Policy, Equal Opportunities Policy and Privacy Policy.
14-

BEAT CARNIVAL
TRusfEES' REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 37 MARCH 2023
The oryanisational structure and how decisions are made
The board of directors/tnJstees meets 6 times a year a5 a full board. It has established sub group5 that
discus5 the activf(ies of the charity in terms of financ& premiw, stsffing and programmin9. The subgroups
make recommendations to the board and monitor operdtional activities. Staff have delegatÉd authortty to
carry out day to day work within poliues agreed by the board. Financial standing orders gtve necessary
authorisation of different amounts.
The pollcies and procedure5 adopted for the Induction and training of directorsltrustse5
Prior to being elected, nominees are invited to a 8oard meeting, as well as Wsiting the premises. to meet
trustees and member5 of staff, All new directors are provided with an information pack contsining detsils of
the articles of association. reserve5. financi31 performance to dat¢ budgeL insurnnce cover and Marketing
plan.
Setting Of Stsff Salarie5
Salaries for posts are set according to the benchmark NJC Salary Scales widdy used in the voluntsry and
community sector in Northem Irelar*d and endotsed and used by NICVA the voluntary settor umbrella
body. The NJC payscales are local government pay5cales resukt5ng from negotiations betsveen the employer
and trade union sides of the National Joint Council. The benchmark or point of comparison that was LSed
when considerin9 the salary for the posts was sèlÈcted thrtsugh review and recommendation by an extem31
HR consultant. aligned to guidance produced by NICVA and agreed by the Beat Camival Trustee&
Relationshipg bthè@n thÈ charity and related partie% induding its subsidiaries
The charity has 3 social enterprise subsidÈary {Beat Trading Ltd) with which it has many trdf15aCttons and
controlling interest. The only other related parties are trustees and there are no transactions wth them
Auditor
In accordan￿ with the company's artide& a resdution proposing that FPM Accountants Limited be
reappointed as auditor of the company will be put at a General Meeting.
Disclosure of informotion to audttor
Each of the tnkstees has confimed that there is no information of which they are aware which is relevant to
the audit, but of which the auditor is unaware. They have further confirmed that they have taken apwopriate
steps to identify such relevant inforniation and to establish that the auditor is aware of such infomiation.
The tru5tees' report was approved by the Board of TrLtrStees.
Mr J W Hodge
Twstee
Dated: ...25.1912Q
15-

BEAT CARNIVAL
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2023
The trustees, who are also the directors of Beat Carnival for the purpose 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).
Company Law requires the trustees to prepare financial statements for each financial year which ghie a true
and fair view of the state of affairs of the charity and of the incoming resources and application d resources,
including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to..
select suitable accounting policies and then apply them consistently,.
observe the methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and pnjdent., and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charity will continue in operation.
The tnjstees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and enable them to ensure that the financial statements comply
with the Companies Act 2006. They are a150 responsible for safeguarding the assets of the charity and hence
for taking reasonable steps for the prevention and detection of fraud and other irregularities.
16-

Fpm
SQ Fryd•ty.
In￿ (• t*4b¥J. fJ2
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BT55W
XWJ241
T•*tsJ¢
AN AAB GROUP COMPANY
FPMAAE.COM I IIFO@FPMAAB.COM
BEAT CARNIVAL
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF BEAT CARNIVAL
Oplnlon
We have audited the financial statements of Beat Carnival (the 'charity'l for the year
ended 31 March 2023 which COTnprise the statement of financial artivities, the balance
sheet, the statement of cash flows and the note5 to the financial statements, including
significant accounting policies. The financial reporting framework that has been applied
in their preparation is applicable law and United Kingdom Accounting Standards,
including FRS 102 The Financial Reporting Standard applicable in the UK and Republi
of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements..
give a true and fair view of the state of the charitable company's affairs as at 31
March 2023 and of its incoming resource5 and application of resources, for the
year then ended.,
have been properly prepared in accordance with United Kingdom Generally
Accepted Accounting Practice., and
have been prepared in accordance with the requirements of the Companies Act
2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK)
IISAS IUKII and applicable law. Our responsibilities under those standards are further
described in the Auditors responsib
for the audif of the financial sfatement5
Section of our report. We are independent of the charity in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK
including the FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit
evidence we have obtained is sufficient and appropriate to provide a basis for our
opinion.
17-
AWARD WINNING ADVICE..
CHARTERED
IIIELAMD
l(M)
YAI Fkg 1328 38X SH
*IIIM¥II
WINFiiri

Fpm
AN AAB GROUP COMPANY
BEAT CARNIVAL
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF BEAT CARNIVAL
Conclusions relating to golng concem
In auditing the financial statements, we have concluded that the trustees. use of the
going concern basis of accounting in the preparation of the financial statements is
appropriate.
Based on the WO￿ we have performed, we have not identified any material uncertainties
relating to events or conditions that individually or collectively, may cast significant
doubt on the charity's ability to continue as a going concern for a period of at least
twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going
concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report other
than the financial statements and our auditor's report thereon. The trustees are
responsible for the other infomation contained within the annual report. Our opinion
on the financial statements does not cover the other information and, except to the
extent otherwise explicitly stated in our report we do not express any form of assurance
conclusion thereon. Our responsibility is to read the other information and, in doing so,
consider whether the other information is materially inconsistent with the financial
statements or our knowledge obtained in the course of the audit, or otherwise appears
to be materially misstated. If we identify such material inconsistencies or apparent
material misstatements, we are required to determine whether this gives rise to
material misstatement in the financial statements themselves. If, based on the work we
have performed, we conclude that there is a material misstatement of this other
information, we are required to report that fact.
We have nothing to report in this regard.
18-
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Fpm
AN AAB GROUP COMPANY
BEAT CARNIVAL
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF BEAT CARNIVAL
Opinions on other matters prescrlbed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit
the infomiation given in the trustees, report, which include5 the directors, report
prepared for the purposes of company law, for the financial year for which the
financial statements are prepared 15 consistent with the financial statements,. and
the directors, report included within the trustees, report has been prepared in
accordance with applicable legal requirements.
Mattors on which we are required to report by •xception
In the light of the knowledge and undetstanding of the charity and it5 environment
obtained in the course of the audit, we have not identified material misstatements in the
directors, report included within the trustee5' report.
We have nothing to report in respect of the following matters in relation to which the
Companies Act 2006 requires us to report to you if, in our opinion..
adequate accounting records have not been kepL or returns adequate for our
audit have not been received from branches not visited by us., or
the financial statements are not in agreement with the accounting records and
returns., or
certain disclosures of trustees, remuneration specified by law are not made,. or
we have not received all the information and explanations we require for our
audit-, or
the trustees were not entitled to prepare the financial statements in accordance
with the Small companies regime and take advantage of the small companies,
exemptions in preparing the trustees. report and from the requirement to prepare
a strategic report.
19-
www.fpmaab.com l inf￿pMaab.COrn

Fpm
AN AAB GROUP COMPANY
BEAT CARNIVAL
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF BEAT CARNIVAL
Responsibilltles of trustees
As explained more fully in the statement of trustees. responsibilities, the trustees, who
are also the directors of the charity for the purpose of company law. are responsible for
the preparation of the financial statements and for being satisfied that they give a true
and fair view, and for Such internal control as the trustees determine is necessary to
enable the preparation of financial statements that are free from material misstatement,
whether due to fraud or error. In preparing the financial statements, the trustees are
responsible for assessing the charity's ability to continue as a going concern, disclosing,
as applicable, matters related to going concem and using the going concern basis of
accounting unless the trustees either intend to liquidate the charitable company or to
cease operations, or have no realistic alternative but to do so.
Auditor's rèsponsibilitie5 for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial
statement5 as a whole are free from material misstatemenL whether due to fraud or
error, and to 155ue an auditor's report that inclvdes our opinior). Reasonable assurance is
a high level of assurance but is not a guarantee that an audit conducted in accordance
with ISAS IUKI will alway5 detect a material misstatement when it exists. Misstatements
can arise from fraud or error and are considered material if, individually or in the
aggregate, they could reasonably be expected to influence the economic decisions of
users taken on the basis of these financial ststements.
We design procedures in line with our responsibilities, outlined above, to detect material
misstatements in respect of irregularities, including fraud. The extent to which our
procedures are capable of detecting irregularities, including fraud, is detailed below.
Irregularities. including fraud, are instances of non-compliance with laws and regulations.
We design procedures in line with our responsibilities, outlined above. to detect material
misstatements in respect of irregularities, including fraud. The extent to which our
procedures are capable of detecting irregularities, including fraud, is detsiled below.
20
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Fpm
AN AAB GROUP COMPANY
BEAT CARNIVAL
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF BEAT CARNIVAL
We obtained an understanding of the legal and regulatory framework applicable to the
company through enquiry of management, sector research and the application ol
cumulative audit knowledge. We identified the following principal laws and regulations
relevant to the company - Companies Act 2006, Charities Act (Northern Ireland) 2008
and the Accovnting and Reporting by Charities.. Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial
Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1
January 2019).
We developed an understènding of the key fraud risks to the entity lincluding how
fraud might occur), the controls in place to help mitigate those risks, and the accounts,
balances and disclosures within the financial statements which may be susceptible to
management bias. Our understanding was obtained through review of the financial
statements for significant accounting estimates, analysis of journal entries, walkthrough
of the key controls cycles in place and enquiry of management.
Our procedures to respond to those risks identified included, but were not limited to..
Enquiry of management, and the entity's solicitors around actual and potential
litigation and claims.
Enquiry of management to identify any instance5 of non-compliance with law5
and regulations.
Reviewing minutes of meetings of those charged with governance.
Reviewing financial statement disclosures and testing to supporting
documentation to assess compliance with applicable laws and regulations.
Auditing the risk of management override of controls, including through testing
journal entries and other adjustments for appropriateness, and evaluating the
business rationale of significant transactions outside the normal course of
business.
A further description of our responsibilities is available on the Financial Reporting
Council's website at: https'.//www.frc.org.uk/auditorsresponsibilities. This description
forms part of our auditor's reporL
21
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Fpm
AN AAB GROUP COMPANY
BEAT CARNIVAL
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF BEAT CARNIVAL
This report is made solely to the charitable company's members, as a body, in
accordance with Chapter 3 of Part 16 of the Companies Act 2006 and regulations made
under that Act. Our audit work has been undertaken so that we might state to the
charitable company's members those matters we are required to state to them in an
auditors. report and for no other purpose. To the fullest extent permitted by law, we do
not accept or assume responsibility to anyone other than the charitable company and
its members as a body, for our audit work, for this report, or for the opinions we have
fomed.
TL4rart
Lowry Grant (Senior Statutory Auditor)
for and on behalf of FPM Accountants Limited
Chartered Accountsnts
Statutory Auditors
1 3 Arthur Street
Belfast
Co. Antrim
Northern Ireland
BTI 4GA
22
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co
J m

BEAT CARNIVAL
BALANCE SHEET
ASAf3T MARCH 2023
2023
2022
Nots5
Fixed assets
Tangible assets
CuTrent assets
Debtors
Cash at bank and in hand
343341
321,637
13
15.957
417226
31.690
433,183
438.400
Creditor& amounts f41ing due Tpjithin
one year
14
(20,8981
{317961
Net current asset5
411285
405,604
Totsl assets less (urrent fiabilittes
755.626
727,241
Income funds
Restricted funds
Unresiricted funds - designated
Unrestrirted funds - gener41
75
16
33&736
410.415
8A75
334M89
386,508
755.626
727241
The financial statements were approved by the Trustee5 on 25/9￿.-
Mr J W Hodge
Dlrertor
Company Regtstration No. N102T189

BEAT CARNIVAL
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2023
2023
2022
Notes
Cash flows from operating activities
Cash generated from/labsorbed by)
operations
19
47,042
118,0301
Investing activities
Purchase of tangible fixed assets
Investment income received
137,9071
1,380
(7,5001
347
Net eash used In Inv•stlng actlvltles
136,5271
17,1531
Net cash used In flnancing activities
Net increasel(decr•as•) In cash and cash
equivalents
10,515
125,1831
Cash and cash equivalents at beginning of year
406,710
431,893
Cash and cash equivalents at end of year
417,226
406,710
-26-

BEAT CARNIVAL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Accounting policies
Charity information
Beat Carnival is a private company limited by guarantee incorporated in Northern Ireland. The registered
office is 11-47 Boyd Street, Belfast Co. Antrim, BTI 3 2GU, Northern Ireland.
1.1 Accounting convention
The accounts have been prepared in accordance with the charity's governing document, the Companies
Act 2006 and "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 IFRS 102)" las amended for accounting periods commencing from 1 January
20191. The charity 15 a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in steding, which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the
charity has adequate resources to continue in operational existence for the foreseeable future. Thus the
trustees continue to adopt the going concern basi5 of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted fund5 are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Restricted fijnds are subject to specific conditions by donors as to how they may be used. The purposes
and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the
charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions h￿e been
meL the amounts can be measured reliably, and it is probable that income will be fftceived.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been
notified of the donation, unless performance conditions require deferral of the amount. Income tax
recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the
time of the donation,

BEAT CARNIVAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third
party, it is probable that settlement will be required and the amount of the obligation can be measured
reliably. Expenditure is classified under the following activity headings..
Charitable expenditure comprises those costs incurred by the charity in the delivery of it¢
activitie5 and services for its beneficiaries. It includes both costs that can be allocated directly to
such activities and those costs of an indirect nature necessary to support them.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
1.6 Tangible fixed a55ets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of a55ets less their residual values over
their useful lives on the following bases..
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Motor vehicle5
2% Straight Line
20% Straight Line
20% Straight Line
25% Straight Line
The gain or1055 arising on the disposal of an asset is deterrnined a5 the difference between the sale
proceeds and the carrying value of the asset, and is recognised in net income/lexpenditure) for the year.
1.7 Impairment of flxed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine
whether there is any indication that those a55ets have suffered an impairment loss. If any such Ind￿atIOn
exists, the recoverable amount of the asset is estimated in order to determine the extent of th
impairment loss lif any).
1.8 Cash and Cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts Je
shown within borrowings in current liabilities.
1.9 Financial instrument5
The charity has elected to apply the provisions of Sertion I I 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues. of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recogni5ed amounts and there is an intention to settle
on a net basis or to realise the asset and settle the liability simultaneously.
28-

BEAT CARNIVAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Accounting policies
(Continued)
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement constitutes a financing transaction, where the
transaction is measured at the present value of the future receipts discounted at a market rate of nterest.
Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities. includin9 creditors and bank loans are initially recognised at transaction price
unless the arrangement constitutes a financing transaction, where the debt instrument Is measured at the
present value of the future payments discounted at a market rate of interest. Financial liabilitie5 classified
as payable within one year are not amorti5ed.
Debt instruments are subsequently carried at amortised cost, using the effertive interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinory
course of operatlons frorn suppliers. Amounts payable are classified as current liabilities if payment is due
within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised
initially at transaction price and subsequently measured at amortised cost Using the effective Inte￿St
method.
Derecognltion of rflnancial Ilabilitles
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.10 Employee beneflts
The cost of any unused holiday entitlement is recognised in the period in which the employee's sewices
are received.
Temiination benefits are recognised immediately a5 an expense when the charity is demonstrably
committed to terminate the employment of an employee or to provide termination benefits.
1.11 Retirement beneflts
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
-29-

BEAT CARNIVAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Critical accounting estimates and judgements
In the application of the charity's accounting policies, the trustees are required to make judgeM￿t$,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumptions are based on historical
experience and other factors that are considered to be relevant. Actual results may differ from these
estimates.
The estimates and underlyin9 assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only
that period, or in the period of the revision and future periods where the revision affects both current and
future per(ods.
Donations and legacles
Unrestricted Unrestricted
funds
funds
general deslgnated
Total
2023
Total
2022
Donations and gifts
1636
49,355
51,991
4,293
2,636
49,355
51,991
4,293
-30-

BEAT CARNIVAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Charitable activities
Unrtstrittèd
Income
Rèstrlctod
Income
Total
2023
Total
2022
Z023
2023
Sales within charitable activitie5
Perfomiance related grants
Charitable rentsl income
Other income
7,394
7,394
263,929
3,770
43
7,137
257,952
3,570
21
263,929
3,770
43
11,207
263,929
275,136
268,680
Analysis by fund
Unrestricted funds - general
Restricted fvnds
11,207
11,207
263,929
25,728
242,952
263,929
11,207
263,929
275,136
268,680
For the year ended 31 March 2022
Unrestricted fund5 - general
Restricted funds
25,728
25,728
242,952
242,952
25,728
242,952
268,680
P•rforniance related grants
Arts Council Core & Programme Funding
Belfast City Council Multi Annual Funding
DFQBCC Access & Inclusion (Capital)
Children in Need
TEO TBUC
Erasmus+
ACNI - Resilience
Big Lottery
Other
154,248
33,000
30,000
10,500
154,248
33,000
30,000
10,500
137,288
30,000
8,428
18,334
13.607
10,700
10,000
29,595
16,169
16,169
20.012
20,012
263,929
263,929
257.952
31

BEAT CARNIVAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Investments
Unrestrlrted Unrestricted
funds
funds
general
general
2023
2022
Interest receivable
1,380
347
-32-

BEAT CARNIVAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Charitable activities
Unrestricted Restricted
Fund
Fund
2023
2023
Total
2023
Total
2022
Artis¢ Performer and Tutor Fee5
Venue Rental
Crew/Production Management
Travel & Sub515tence
Skills Training
Programme Co-ordination
Event Services
Publicitylmarketing
Materials
Evaluation & Consultancy
2,457
57,827
460
8,159
1,108
747
3,383
803
1,391
5,494
60,284
460
8,159
1,494
747
3,561
803
1,391
9,933
45,714
360
2,380
3,080
386
178
2,967
1,046
2,899
5,622
5,507
4,439
7,460
79,372
86,832
69,575
Share of support costs Isee note 71
Share of governance costs (see note 7)
25,455
4,831
167,580
15,130
193,035
19,961
179,626
22,122
37,746
262,082
299,828
271,323
Analysis by fund
Unrestricted funds - general
Unrestricted fund5 designated
Restricted funds
12,298
25,448
12,298
25,448
262,082
23,737
4,975
242,611
262,082
37,746
262,082
299,828
271,323
For the year ended 31 March 2022
Unrestricted funds - general
Unrestricted funds - designated
Restricted funds
23,737
4,975
23,737
4,975
242,611
242,611
28,712
242.611
271,323
-33-

BEAT CARNIVAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Support costs
Support Governance
costs
C05t5
2023
2022 Basis of allocation
Staff costs
Depreciation
Office expense5
Motor Expenses
Printing, Postage &
Stationery
Repairs & Maintenance
Computer Maintenance
Insurance
Training & Recruitment
Subscription5 &
Memberships
131,280
16,202
15,403
4,841
131,280
16,202
15,403
4.841
133,379
14,739
11,784
2,849
2,561
10,908
3,682
4,971
1,672
2,561
10,908
3,682
4,971
1,672
1,783
7,336
2,253
4,303
1,515
1,515
1,182
Audit and Accountancy
Legal and professional
4,440
15,521
4,440
15,521
4,080 Governance
18,042 Govemance
193,035
19,961
212,996
201,748
Analy5ed between
Charitable activities
193,035
19,961
212,996
201,748
Governance costs includes payments to the auditors of £1950 {2022- £2,950)
for audit fees.
Trustees
None of the trustees lor any persons connected with them) received any remuneration or benefits from
the charity during the year.
Employees
The average monthly number of employees during the year was:
2023
Number
2022
Number
34-

BEAT CARNIVAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Employees
Icontlnued)
Employment costs
2023
2022
Wages and salaries
Social security Costs
Other pension costs
108,941
7,986
14,353
111,363
7,922
14,094
131,280
133,379
No employee received remuneration of rn0￿ than £60,000 during the year12021 Nill.
10 Other
2023
2022
Financing costs
294
278
294
278
-35-

BEAT CARNIVAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
11 Tangible fixed assets
Freehold land
and buildings
Plant and Ftxtures andmotor vehides
equipment
ffttlnys
Total
Cost
At 1 April 2022
Additions
345,830
31,423
50,240
58,108
6,484
45,760
499,938
37,907
At 31 March 2023
377,253
50,240
64,592
45,760
537,845
Depreclatlon and Impalrment
At 1 April 2022
Depreciation charged in the year
48,279
6,977
28,519
7,504
55,743
1,722
45,760
178,301
16,203
At 31 March 2023
55,256
36,023
57,465
45,760
194,504
Carrying amount
At 31 March 2023
321,997
14,217
7,127
343,341
At 31 March 2022
297,550
21,721
2,366
321,637
12 Financial instruments
2023
2022
Carrying amount of financial assets
Debt instruments measured at amortised cost
15,212
30,756
Carrylng amount of financlal liabilltles
Measured at amortised cost
20,898
32,796
13 Debtors
2023
2022
Amounts falling due within one year.
Trade debtors
Other debtors
Prepayment5 and accrued income
1,453
29,303
934
15,212
745
15,957
31.690
36-

BEAT CARNIVAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
14 Creditor5: amounts falling due within one year
2023
2022
Trade creditors
Other creditors
Accruals
(2681
14,695
6,471
20,113
6,391
6,292
20,898
32,796
15 Restrlcted funds
The income funds of the charity include restricted funds comprising the following unexpended balances
of donations and grants held on trust for specific purposes..
Movement in funds
Incoming
R￿Our￿5
Balanc• at
resources
•xpgnd•d 1 Aprll 2022
Movement in funds
Incomln9
R•sourc•s
alanc• •t
rnsources
•xp8nd•d31 March 2023
Bjlance at
1 Aprll Z021
Arts Council
Capitsl
Arts Council
Prograrnme
Arts Council
Core
Belfast City
Council Multi
Annual
Belfast City
Council
Commtsnity
Festivals
Fund
Community
fund
Bank of
Ireland Begin
Together
Children In
Need
Victoria
Homes
307,587
(7,3921
300,195
17,392}
292,803
53,897
(53,8971
88,961
188,9611
83,391
183,391)
65,287
165,2871
976
30,000
130,9761
33,000
{33,0001
5,743
15,7431
5,176
15,176)
10,000
(3,734)
6,266
16.2661
3,440
(300)
3.140
5,148
18,2881
3,554
8,428
17,643)
4,339
10,500
(9,1381
5,701
1,700
11,700)
37-

BEAT CARNIVAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
15 Restricted funds
(Continued)
Belfast City
Council
Community
Recovery
Support
TEO - Good
Relations
BCC Medium
Grant
ACNI
Commission
Grant
Arts Council
Equipment
Grant
ACNI Stability
& Renewal
Erasmus +
3,712
13,7121
18,334
118,3341
4,687
14,6871
5,000
5,000
13,160
13,926)
9,234
13,9261
5,308
3,279
1667)
111,3791
2,612
2,228
12,612)
120,422)
13,607
16,170
(2,0241
DFC/BCC
Access &
Inclusion
Grant
{Capital}
Arts Council
Resiliance
30,000
1521
29,948
5,992
10,700
19,8171
6,875
16,8751
334,548
242,952
1242,6111
334,889
263,929
1262,0821
336,736

BEAT CARNIVAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
16 Unrestricted funds - designated
Unrestricted Funds
Unrestricted funds comprise those funds which the Management Committee are free to use in
accordance with the organisation's objectives.
Working Capital Fund
The Board has allocated £150,000 towards the ongoing capital requirements for project and grant
funding received in arrears
Building Development Fund
The Boarcl has allocated £140,000 to allow for maintenance and repair risks and for accrued deprecation
Redundancies Fund
The Board has allocated £40,500 to provide for potential redundancy costs
Strateglc Development and Succession Fund
The Board has allocated £60,000 to Strategic Developrnent and Succession
30th Anniversary Events Fund
The Board has allocated £19,915 towards the company's 30th Anniversary events in 2023-24
-39-

I w

BEAT CARNIVAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
18 Related party transactions
Remuneration of key management personnel
The remuneration of key management personnel is as follows.
2023
2022
Aggregate compensation
102,203
96,292
The key management personnel is comprised of the CEO and the Operations Manager.
None of the Trustees receive remuneration or other benefit from their work with the charity. Any
connection between a Trustee or senior manager of the charity with organisations the charity works Wlth
must be disclosed to the full Board of Trustees in the same way as any other contractual relationship with
a ￿lated party.
The charity received a donation of £49,355 12022.. £2,320> from Beat Trading Limited, a company linited
by guarantee whose only member is Beat Carnival. The amount due in respect of this donation at the
year end was £Nil12022.- £Nill.
19 Cash gènerated from operations
2023
2022
Surplus for the year
28,385
1,719
Adjustments for..
Investment income recognised in statement of financial activities
Depreciation and impaiment of tangible fixed assets
(1,3801
16,202
(3471
14,739
Movements in working capital..
Decreasellincrea5el in debtors
IDecreasel/increase in creditors
(Decrease) in defer￿d income
15,733
111,898)
{20,4801
19,524
{33,1851
Cash generated from/(absorbed by) operations
47,042
118,0301
20 Analysis of changes in net funds
The charity had no debt during the year.
41