Charity reglstration number NIC103347 (Northern Ireland)
BEAT CARNIVAL
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

BEAT CARNIVAL
LEGALAND ADMINISTRATIVE INFORMATION
Trustees
Stefanie Campbell
Lucy Dougan
Frank Galbralth
Oswyn Paulin
Erln McGarry
Nikki Morton
(Appointed 31 March 2025)
(Appointed 7 October 2024)
Secretary
Robert Boyd
Charfty numb•r {Northern Ireland)
NIC103347
Company numbor
N1027789
Audltor
HM Chartered Accountants
6th Fl¢)or East Tower
Lanyon Plaza
8 Lanyon Place
Belfast
Co. Antrim
BT13LP
Bankers
Ulster Bank Llmlted
Arches Retail Park
Belfasl
BT5 4GA

BEAT CARNIVAL
CONTENTS
Page
Trustèes, report
Independent auditorfs report
13-16
ststem8nt of flnanclal 8Ctlvltle8
17
Balance Sheet
18
statement of cash flows
19
Notes to the flnancial ststements
20-31

BEAT CARNIVAL
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their annual r8POrt and financial statements for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the charitvs governing document. the Charities Acl (Northern Ireland) 2008,
FRS 102 "The Financlal Reporting Standard applicable Sn the UK and Republic of Ireland" and the Charities SORP
"Accounting and Reporting by Charlties.. Slalement of Recommended Practicé applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
102)".
ObJo¢tlvos and a¢tlvltla8
WHAT THE ORGANISATION DOES
Beat Camival IBeatl is Northern Ireland's foremost Carnival Arts company. We create communlty arts partlcipation,
carnival parades and outdoor arts performances. First city-centre parades were in 1995. We encourage our city of
Belfast and communities across the country to think big about celebrallng creative, community life in ways that are
ambitious and welcoming to all. Beat's artform speciallsms include drumming and music,. dance; making floats,
puppets, props, costume,. street theatre,. children's arts; and craft5. There is no other camival arts organisation of
the scale, 8Ctivity, history or influence in Northern Ireland. Beal Camival has introduc8d artform techniques and
tralned many of the artists now worklng across the country.
We provide participatlon and training programmes at Beat Carnival Centre and work with communty organisations
in their spaces and places. People gain new skills. connections and support at weekly activity programmes. Carnival
Arts bring new creativity to Northern Ireland's traditional experien￿$ of culture. Carnival, ouldoors in public spaces
with peoF4e from diverse backgrounds, is expgrienced in ways that 8re culturally inclusive. The organisalion's
Involvement in a wide range of local and international ne￿OrkS increases diversity of relationships and shared
benefits. Beat Carnival's programrne is provided fr88 of charge to participants and audlence, so that barriers to
access and engagement are as low as possible and the activity increases equality of opportunity.
Beat Camival Centre with its programme of arts creation, education, training, community outreach and events
production, is a gateway for anyone interested in the developmenl of carnival arts. Artists design, create, rehearse,
teach and train at the Centre. The Carnlv81 Cenlre's work makes a speci81 conlribution to festivals, community
celebrations and civic events. Importantly, the premises and ils aclivities provide supportive and safe space,
particularly for young people. Participants at Beat's weekly programme of open-access workshops range in age
from four to over 65 years. Six evening sessions are provided each week at the Centre. Public audienc8s at Beat's
events gain enjoyment and an Increased sense of communlty pride and conneGlion.
'[Beat] went over and abov8 to organlse s8ssions ftir our children which we rèally appreGiate. The 8rt sessions
were f8bulous. The activity was simple yet èffective and every child had fun and was engaged. The drumming
sesslons wgre very different for our children, and they ab501utely loved theml"
The pmgramme helped me wlth my social skllls..
"It's one in a million. you dony find groups this inclusive, in Belfasl."
VISION, MISSION STATEMENT AND VALUE BASE
islon
The vision for Beat Carnival's work with artists, their audiences, the community, individual participants and young
people is of a.. "vlbrant, colourful, creatlve and welcomlng Society"
Beat Carnival will aim to achieve this through their organisational vision of being..
Yhe lead8rs in excellence of Camival artfoms".
Mission
The Beat Carnival mission statement is to. Make accosslble and spoctacular Carnlval, leaving a legacy of
creatlve skills, collaboration, partlclpation and celebration"

BEAT CARNIVAL
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Values
Beat Carnival operates to a sèt of core values:
Inclusive
Camival is for everyonè. Carnival activitles celebrate diverse Cultu￿ and a common humanity with as few
barriers to participalion as posslble.
Quality
There Is an aim for excellence in everything Beat Carnival does.
Innovative
Bèat Carnlval will strlvè to lake forward the carnival artfomi, creating new ideas and approaches, The skllls
and knowledg8 of local artlsls and carnlval participants progressiv8ly Increase through tralnlng and
experience.
Carnlval wlll be devised, developed and deliveffjd In ways that 188ve a legacy of skills, ambition and
achlevement wSthln communitles.
Clvlc pride
Camlval makes vlsible the organisatlon's great prlde in being created in Belfast
Camlval makes vi51ble tha organisation's great pride in being created in Belf8St
"Wor￿ng for Beat Camival is still my dream jobl To this day, every time l enter the buildlng I feel Ilke Charlie entgrfng
the Chocolat8 fgctoryl I feel so lucky to be involved with such an amazing company who has given me Ihe
opportunity to leam and grown as an Artist over the years."
"The progr8mm& is fun, inclusiv8 and adaptable for whalever anyone wants to dol"
"My favourite things are that it is gmup-led and provides for diverse activities."
.1 did notice 8 Change In a numbgr of the Ghildren over the year, in terms of gaining confldence and being more
wllling to share ideas, and children ft)rging new fftendships over the year."
'A SUC￿SS of the programmg was the joy that the class had durlng $8sslons. They were all very interested in the
concept of camlval 8nd188mlng about something new."[School]
Legacy
Fun
PROVIDING PUBLIC BENEFIT
Publlc baneflt purposo
Beat Camival's charitable purpose as set oul in the ¢ompany Articles Is,
to advance publlc education, appreciation of and partl¢lpation in carnlval
to promote arts and culture by
managing an Arts Resource Centr8 as a cultural and so¢lal amenity
organislng and delivering carnival events, arts workshops and other activities, evenls,
perforMan￿S and inttialives throughout the year
provlding tuition in creative design, constructional, textile and performance skills
promoting cultural tourism and cultural exchange and opportunities for vocational and recr8ational
purposes for all groups and abilities
to advance community development by
engaging with and a5SlSting voluntary and community groups and organisations to organise and
participate in cultural, arts, leisure and heritage projects and initiative5
to promote other charitable purposes so long as these purposes would be considered to be charltable
under th8 law of Northern Ireland.
"As a facilitator my hope is that all young people in the class feel welcome, he8rd and have fun. Il's been lovely
watGhing them welcome in new members and be so inclusive and open. They are supportive of eaGh other, and I
can really see their confidence growing within the group."
"The group were very enthusiastic and often talked about how much Ihey loved coming to Bgat, and many are
excited to do the sumn78r scheme. I think that IS 8 huge sucGess because thgy have fun, f881 safe and supported,
and really, genuinely like coming. This group was particularfy interested in arts-making and really did producg some
lovely things."

BEAT CARNIVAL
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
"The confidence of many of th8 young people grew during the year as well, quite a faw that seem8d to not like doing
drama or drama games at the start werè much more confident in Gre8ting and perfom?ing stories by the end, and
many requested drama games during sessions.
The progr8mme is great. l always want to come back and always find new, fun things to do."
2024-25 Programm• outcomes
The 2024-25 programm8 plan followed from Beat's ext8nslve development work In 2023 Involving slakeholders and
a strategy consultant. Activity was planned to support Beat's strategic purpose and Arts Council Nl objectives..
The croation and facilitalion of innovative. high-quality arts activity
Creating opportunities for Ghildren and young people to engage in C￿alIve practlc8
Improvlng access and experienGes within the arts s8Ctor for peopl8 who ar8 Dldeafldisabl8d and
neurodiverse
F8cilitating local communltles to engage In high quality arts experienc88, particularly In areas of low
engagement linc rural areas) and areas of social deprivation
Building resilience and capacity in the wider art8 sector through trainlng and mentorlng of artists and other
organisations.
Flve programme elements were planned to dollvor 2024.2025 outcome8.
1) Camival Arts Making and Music
Outcomes:
Increased access to high-quality artlstic skills training
More people involved in music-maklng
Identity exploration through dlverse tradltional music-making
Increase best practice in 'green' arts making
21 Chlldren and Youth at Beat Carnival Centre
Outcomes..
Increased access to quality arts experlence for children and youth
Youth access lo and ownership of unique arts space and activities
Young people feel empowered to make changes in their communities
Morg pathways to employment and understandinglskills for working In the sèctor
31 Inclusive Carnlval with Dlverse Communlties
Outcomes..
Increased 8c¢ess
Community Arts co-deslgn and facilitation Increased in marglnallsed areas Including North Belfast
Increased engagemenl and support for communities outside Belfast to oxperience and Irain in Camlval
Arts
Increased support for Dldeafldisabled and neurodiverse to engage wlth Carnival Arts
Large-sGale events in publiG spaces outside Belfast
Arts particlpation and audience increased
4) Flt for purpose organlsation that can transition to new leadership
Outcomes..
Increased organisational resiliance and sustainability
Leadership succession progress managed
Diversified income strearns
Enhanced reach and communication online
5) National and International ne￿Orking.. exohanga, learning and promoting Nl
Outcomes..
Malntained and increased participation in international ne￿OrkIng and collaboration
Increasèd support for young artists here and Europe
Connections and besi praclice shared wlth Arts sector peers
Arts audiences increased

BEAT CARNIVAL
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
"Since joining the freelance creatlve team at Beat I've learned 8 lot about carnival and the elements that go into
producing large-scale, multi-artistic evgnts. I've been introduced lo le8ding UK camival artlsts and Organisat￿nS and
ltre been fortunate to work and collaborate ￿th amazing loc81 talent."
"One of the fantastic things about Beat is involving their 8rtists in feedback and p18nnintrand they offer
opportunities for r8se8rch and development. They encourage artists in experimenlation and support innovalion in
design, materials and lechniqu85. All of this has helped me develop my skills, grow my networks and has enriched
my creative practice.
WHAT HAPPENED IN 2024.25
Programm• p•rformance
In 202￿2025 Beat Carnival provided 402 benefit activllies (workshops, events not counting 8rt15ts' sessions) for
almosl 149,000 chlldren. young people and adult beneficiar188 (1,754 particlpants and 147.180 audience, not
counting artists employed or trained).
In those numbers, there were 360 participatlon sessions and 42 free of charge perform8n¢es and events in public
spaces.
Dlrect benefits provid8d by Beat Carnival's activities in 24-25 included new awareness of, and particlpation in,
creative activities for individuals, for groups and communities and for the genergl public. Free-acc8ss, collaborative,
camival arts activitie5 fostered good relations and anlmation of public and neighbourhood spaces, Including spaces
that have been or are contested or identified with factions. Public spaces where art5 activity took place were made
more welcoming for all. Beat Carnival's aclivlly increased interest in art5, in young people and under-engaged
groups. Programme activity improved access to information and expertlS8 about arts for excluded people and
communitles. In areas that are deemed 'di5advanlaged' it inspired ambition and enabled personal achievement and
prfde. Beat created developmental partnerships with community groups and other arts companies, to incre8se
representation, knowledge sharing, skills learning, specialist support, capacity bullding and the promollon of shared
values. Beat's safè, imaginative and attraclive arts actlvily resulted in people engaging with others, many being
chlldren and young people. Children and young people beneflled from emotional growth, personal development and
increased social skills. Pleasure and fun were experienced. Participants, both individuals and groups, were better
equipped to make posilive changes in their lives. Social connections were enabléd and morg péople took positive
action on issues. An importanl benefit of Beal Carnival's actlvity was slgnlficantly increased support of young
People, through Ihe expanded Youth Development programme.
Partlclpation and audlonco
The programme delivered arts education and pathways to further opportunitles and careers for younger p8opI8.
Youth support, including well-being, was a c8nlral benefit,. as was training and employment for artists In a range of
artfomis at the Centr8. The Beat Carnival Centrè programme provided weekly crealiv8 activities for all ages and
abilities, and the Centre was a hub for many workshops and events that look place in neighbourh¢)ods and city
spaces, enabling wid8 arts access and inclusion. Programme deslgn and delivery partners ranged from
neighbourhoods described as disadvantaged Ideprived and rural areas who told us they felt '18ft-OLrt' of many, often
entrali58d, opportunilies,. to UK and international culture partners.
1. Carnival Arts Making and Music
Weekly BEATnDRUM, beginnars, sessions, Drum&Brass and Samba de Rod8 classes.
2-day music masterclasses facililaled by JP Courtney & Gabriel Lopes wSth 67 participants, many travelling
from ROI and slaying in Belfast.
1-day rnusic masterclass with Alexandre G8mize and Tom Duffy.
Routes from our Roots.. Music Heritage project in collaboration with Beyond Skin. Shankill Road Defenders,
QUB and local Traditional Music expert5, Joe Campbell and Myles Mccormack, resulting in music
recording and video release of new song composition, 'A Field of Flowers,.
Green Carnival Arts with artist Alice Murphy researching and developing Ideas of how to bring new life to
old, decommissioned props and costumes. and avoid adding them to landfill,. plus use of natural dyes for
fabrics.
Two artists al two national UK residencies on green arts.

BEAT CARNIVAL
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
2. Children and Youth
Weekly Tiny Beat, Junior Beat, SOUP, BEATnTECH classes.
Future Leaders sessions wlth 2 young léaders. C¢>designing a series of Masterclasses for young artists in
Belfast.
Carnival Arts summer scheme explorin9 young people's sense of belonging and relationship to Belfast City.
'Our Space, Exhibition in Bellast Central Library. Launch attended by Lord Mayor Cllr Mlkey Murray, the
Libraries Nl CEO, and peers in the youth and arts sector. 'We'vé had, a lot of positive comments on the
exhibition and many of the school kids involved have been able to pop in and see it. It's meant so much to
them to see work they've helped lo create be 8xhibited in a publi¢ spac8 for all to see, so thank you so
much for that., Sian Cairns, Libraries Nl.
Tany8, Beat's Youth Developmenl Officer, completed Arts and Disabillty Access Award (QUB credited),
Communications, and Safeguarding training.
Tanya and Rebecca presented at the LINKS Empowering Young People event.
Beat's Youth programme was showcased in the TIALT Case Study for Britlsh Council. UKArts, Cullure and
Young People - Innovatlve pracli¢e and trends,.
3. Incluslve Camival wSth Diverse Communltle$
Empowering Young People outreach sessions Included work with Blythefield PS, Here Nl. Cllftonville CC,
Annandale CC, Harmony PS, Belfast Central Library, Politics in Action, Edenbrooke PS, Holy Family PS,
Belfast Metropolitan College SEN department, Annadale Communlty Centre and Downpatrick Area Youth
Project.
Beat Camival Centra roller-shuller mur81 producod as part of Hlt the North festlV81.
Beach of Dreams-our Siren Song, signifScanl project developed and Inilialed. Engagement and arts
capacity development wlth communities on the Ards peninsula, and artistic production for Our Siren Song
coastal I maritime festival events in May 2025. Coastal environment awareness, experience and ¢llmate
action themes.
North Belfast Festival music performance in Crumlin Road Gaol.
Participation in Belf8St festivals and events such as Pride, Mela, Feile etc. plus across N.1. for Halloween
and Christmas. Collaborallon with youth and community groups for artistic participation in Pride.
Newry St Patrick's Day Parade performances and community workshops.
4. Fit for purpose organisation that can transltion to new leadershlp
Transitlon Project for leadership succession. Consultant Joe Mcvey commissioned lo assist. Recrultment
processes for senior manager posts: Artistic Dire¢tor-Chief Executive and Operations Manager. Board
sub-group created to oversee pro￿sS.
Commercial services and hires, g8n8rating earn8d income.
5. National and International nO￿OrkIng.. exchange, learnlng and promoting Nl
Collaboration with UK-wide Beach of Dreams festival, 'nationally significant projecl,.
Trans Europe Halles international network of indgP8ndent cultural centres. Participate In Tartu, Estonia.
TEH Arts Education Hub participation.
Audien¢8 development.. Marketing Plan and actions with new freelance Comms and Mark8tiri9 Post
'My favourite thing Is th8 OPPOrtunlty to get to know others and create both silly and impactful things."
'I'm nol so sure other facilitators from other places would have taken SUGh Gare. His planning and delivery was so
appreciated by us all."
'Greal to have BEA TnDRUM involved in Cookstown ma￿et, everything went really well, please pass on my thanks
to all performers who were brilliantl Lovely to work wilh you."
"On behalf of the team, I would like to express my heartfelt congratulations on the incredible work the Beat
leam accomplished during the music heritage programme. The impaGt ofyour approach is evident, and l am
thrflled to see how the project has engaged the communities you worked with. Thank you for all your hard
work and commitment to the project." [Funder]

BEAT CARNIVAL
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Measurlng company and programme performance
Beat Carnival was able to ascertaln Ihe value and effectiveness of Its activity because it monitored details of
participation and outcomes.. gathered f8edback from participants and audience,. used agreed performance
indicatots,. produced reports and commlssioned extemal consultation servlces.
Number of full-time e
uivalent staff
Nuffi￿r of short-lenn contracted or freelance staff
Nuffi￿r of volunteers
Number of volunteer hout5
Number of artici
ant sessions
Number of individual ttici
nts
Number of Artist work sessions
Numbei of Perfomances / Events
Number of eslimated audience-atterKlees
Number of visitors from outside Nl
Number of online
oducts
videos etc
Number of known online aUd￿nCe-V1ewS
Percentage of total programme that included particular categories of partlCiP8nts Identified as usually 'misslng out,:
% of programme acltwty that
invofved
indmduals in these
cat
ries
91
71
824
360
391
42
500
82
Categories of participation engagement
Peo
lewitha
sical or menlal im
aiment
Newcomer or ethnic mirM)ri
eand
rou
Peo
le livin
inde
nved nei
hbouthoods
LGBTQ+
le
Older
eo
Children and
100
100
100
100
50
80
ed 65+
ou
eo
ed O-24
.1 valu8 how Beat encouraged my ¢hlldr8n to express themselves as they wish8d, through art."
.1 love being able to havg fvn and act like npyself around people, without being judg8dl'
"I love how rny children werg encouraged to be crealive in different ways."
.1 love being abl8 to be with and socialise with other young artlsts..
'1 love working with Beat artists, everyone is so welcoming and kind."
"I like having a place to talk about diffèrent perspectives and ideas."

BEAT CARNIVAL
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
STRUCTURE, GOVERNANCE & MANAGEMENT
Nature of the Govornlng Document and Constitutlon of the Charlty
Beat Camiv81 is a registered Charity INIC103347) constituted as a Company limited by guarantee and Is therefore
goveméd by Articles of Association. The directors of the company are also trustees of the charity. Eligibilty for
membership of the charity, and membership of the board of trustees is governed by the Articles ofAssociation.
Gov•rnance
The Irust&es who served durln9 the year and up to the date of signature of the financlal stat9ments were:
Stefanie Camplell
Lucy Dougan
Frank Galbraith
Oswvn Paulin
Deirdr8 McKenna (r8slgned 12 June 2024)
Nikki Morton (appointed 7 October 20241
Erln McGary (appolnt8d 31 March 20251
Recrultment and appolntment of trustaes
Members.. Subscribers are members of the company. Others must apply for membership and be approved by the
directors. Amember may wlthdraw by giving written notice, unless there would be only members remalning.
Diredors.. Numb8r shall not be less than 3.. there is no maximum number.
Appolntment of directors.. the company may by ordinary resolution appoint a director. A director may resign office by
notice to the company.
Policy and procedures adoptèd for th8 Inductlon and trainlng of dlrnctorsftrusto88
Prlor to being èlected, nominees 8re Invited to a Board meeting, as well as visSting the premises, to meet trustees
and members of staff. New directors are provided with an information pack Gontaining details of the articles of
associatlon, reserves, financial performance to date, budget, insurance cover and marketing plan.
R•latlonshlp$ ￿tween the Charlty and related partles, Including Its subsldiary
The charlty has a $o¢lal enterprise subsidiary (Beat Trading Ltd) wlth which It has many transactions and a
controlllng interest. The only olher relaled parties are trustee$ and there are no transaclions wlth them,
Organlsatlonal structure and how declslon$ ar• made
The board of direGtorsltrust8es meets 4 tlmes a year as a fvll i)oard. It has established subgroups that dis¢uss the
activities of the charity in terms of finance, premises. staffing and programming. The subgroups make
recommendations to the board and monitor operalional actlvities. Siaff have delegated authority to carry out day-l
day work within policies agreed by the board. Financial standing orders give necessary authorisation of different
amounts.
Company operatlong and project management
Beat has a long-term Strategic Plan and 8n annual Operational Plan. Its projecls operate within thal framework.
Projects are managed through projeci plans with timelines and project teams. Project budgets are monitored and
adjusted as necessary to ensur8 that spend does not exceed project income.
Beat produces detailed risk assessment for events.
Beat tsrgets programme recrultment and publicity to ensure a wide cross-section of people get involved in the
company and its activity.

BEAT CARNIVAL
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Beat's Director presents a monthly flnancial report to the company Board. Beat operates separate cost centres on
SAGE.
Beat's financial statements are subject to 8 full financial audit at the end of each financial year. Beat m8nag8ment
and Board of Directors regularly review financial procedures. Beat operates procurement policy and has a select list
of suppliers that Is updated at thé end of each financial year.
Beat provides value for money by careful costing, recycling materials and having a high level of voluntary
contribution In events.
Beal Carnlval complies wlth legisl8tivg regulations lald out in Equal Opportunities legislatior), the Disability
Discrimination Acl, the Children's Order, GDPR and olher appropriale leglslation. Beat Carnival Policies are
reviewed and updated in a two-year cycle.. they include Child Protection & Safeguardlng, Health and Safely,
Community Relations, Harassment, Equal Opportunltles and Privacy.
Settlng of staff 8alarloS
Salariès for posts arè set according to the benchmark NJC Salary Scalès, wldely used In the voluntary and
¢ornmunity sector In Northern Ireland and endorsed and used by NICVA, the volunlary sector umbrella body, Th8
NJC payscal8s are local government payscales resulting from negotiatlons between Ihe employ8r and trade union
sldes of the Natlonal Jolnt CounGIL The benchrnark or point of compar150n that was used when Considering the
salary for the posts, was selècted through r8vlew and recommendation by an external HR consultant, aligned to
guldance produced by N ICVA and agreed by the trustees.
Stsff tralning
In 2024-25, staff and freelance artlsts received Iralnlng in: Carbon Llteracy,. Arts and Demenlia.. LGBTQIA+
Awareness- Autism Awareness,. Gender Consciousness- Political Awa￿ne$S for Youlh Practitioners;
COmmun￿ationS,. Arts and Disabillty Accèss; Safeguarding: Fire Marshall,. business development and financial
resilience in Arts & Business Blueprlnt Programme,. 2 x Samba courses, Breaks & Beats and Percussion. Board
received Governance Iralning.
staff change•
Two succession posts were recrulted for 2025-2026 lob starts., Artlstic Dlrector-chief Ex8CUtive and Operations
Manager,
A 8UStalnablg company: succession programmo
In the p￿VIouS 2023-24 year, the organisalion w85 preparlng for a critical period of senior leadership transition, to
replace the founder-leader retiring in 2025. This was acting in good time to have a structured, ￿0-Year, successlon
PrO￿sS and put the organisation in good shape for the future. A full-time, fixed-term Strateglc Coordinator post was
planned for the Transition Project, but recruilmenl was unsuccessful. The project rolè was changad to 'Tr8nsitlon
Managerf,. and rather than a staff post, a freelance consultant was recruited and engaged in 2024-25. Job
déscriptions for new Artistic Direclor-chief Executlve and Operations Manager were produced, the jobs advertised,
and interviews carried out in FebrLtary and March 2025. The new Operations Manager will start in post on 1st April
2025 and the AD-CE on 11th August 2025. Both will have extensive hanéover periods with outgoing staff.
Flnanclal r6vlew
The Stalefflent of Financlal Activitiès on page 17 reports on the charitable activities in brief with an expanded
analysis in the notes on pages 20-31 to the accounts. It shows the overall SOLJrce and application of funds. the
Charity had net income rosources as al 31 March 2025 of£28,815 (2024.. £50.9351

BEAT CARNIVAL
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Resernes policy
The trustees have resolved to èstsblish res8TVeS to provide for future needs.
The Beat Carnival company is limited by guarantee and it has no share capital. As a charitable organisatlon as well
as a limlted company, Beat has the difficulty of attempting lo meet the requlrement of expending funds in line with
charitable objective5, as well as maintaining a solvent company that can meet unforeseen circumstances. To this
end and as part of the Buslness and Development planning. Beat has a Reserves Policy that outlines the rationale
for holding reserves. Beat will aim to malnlain organisational reserves at a level that equatés to at least 500/0 of
annual administration overheads to allow11 lo deal with loss of funding or other major shocks. Although Beat may
not be in a position lo maintain this level of free reserves at a particular point in lime. il should strive to achieve a
rèserve that equates to this lev81.
Reserves Structure
Complying wilh statutory 8nd best practl¢e guldelines, Beat reserves are spllt into the followlng categorles.
1, Unrèstrlcled funds
Funds that currently have no known spe¢lfic current or future purpose. These are kept to a minimum lo ensure the
Beat is maximising th8 use of ils available resources. These funds will be available to respond to unknown risk5 and
opportunities. Unrestrlcted fijnds can be spent on anything that furthers the objective5 of the organisation; thè
money has been generatsd Ihrough the sale of servlces or expertise, hires, or publlc fundraising or donations.
2. Designated (Unrestrided) Reserves - Business Risks & Working Capital
The Business Risks & Working Capit81 fund Includes allocation towards the on-golng working capital requirements
for project and grant funding received in arrear5. It Is proposed that these reseNes should also take into account
any unforeseen external risks, over which Beat has no control. Such risks included the following..
The normal fluctuation in year-on-year activlties - this relates to the situats'on where Beat may have lo fund
a prolecled loss in any particular period from existing resources.
Provision of effective working capital lo support the organisalion's programme especially as many projècts
arè fijnded in arrears thereby creating a requirement for bridging cashflow. The deslgnated reserve may be
utillsed on an ongoing basis to bridge this cashflow gap, and as such saves Beat from expending resources
on excessive bank inlerest and charges.
Loss of funding for specific proj6cls, whereby Beal gap funds the proled in order to maintain Staff.
Legal actions that may arlse, which will require funding.
Changes in the political environment or in legislallon that may requlre additional unplanned resources.
Costs of expert Insolvency advice or fundraising assistance.
These r856rves are expendable at the dlscrellon of the dlf8Ctors.
3. Designated (Unrestricted) Reserves- Specified PuTPOS8
If part of an unrestricted fund 15 ear-marked for a particular project, it may be designated as a separate fund. This
may be designated for a project Ihat Beal is seeking to build resources for. Designalion 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 funds. 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 Excellenc8.
Redund8ncies Fund
to cover potential legal and contractual commitments in respect of staff
redundancies.
strategic Development and Succ8ssion Fund - a fund that in part represents David Boyd's Creative Britons
award, donated to Beat as an unrestricled award and which Beat ha5 decided to deslgnate to contribute to
specific costs of creative opportunity and development. For the leadership transition period, the Creative
Development Fund wa5 extended to be a Strategic Development and Succession Fund, if needed.
Beat Carnival Events Fund - a fund to ensure that strategically significant carnival arts initiatives. such as
Carnival On The Coast and Our Siren Song programme and event can be delivered. Supporting specific
fund-raising for programmes.

BEAT CARNIVAL
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
4. Restricted Resèrves
Funds that have been given for particular purposes and projects. Withln Beat thls reserve usually relates to spèclfic
grant funding received in advance. This reSe￿e will b6 maintained at the level required by the stipulations of the
grant awarding bodi6s. The level of the res6Ne will be calculated and agreed on an annual basis as part of the
process of preparation of annual financial statements. The annual review should include an analysis of wh6ther any
of the stipulations have expired, therefore allowing the release of funds to an unrestricled reserve. The directors wlll
undertake to ènsure Ihal all restricted funds are solely utilisèd in accordance wlth the terms of th8ir being granted.
The first hvo Items ar8 'Unrestricted ReseNes', as they are not subject to any restrlctlon in law.
Beat's Board will revlew the reserve stratègy on an ongoing basls In order to ensure its relevance to current
business Circumstances and rlsks.
Major nsks
The trustees have assessed the malor risks to whl¢h the charity is exposed, and are sallsfi8d that Systems are In
place to mitigate exposure to the major risks,
Risk Stat8mont
Further to the above management ststements, the trustees identlty the malor risks lo whlch the charity is
exposed each financlal year when preparlng and updating a strategic plan, in particular those related to the
operations and finances of the charity. The trust8es then revlew any major risks that have been idenlifled and
estsblish systems to mitigate those risks. The chartty is satisfied that the sySt8ms are In place to mitigate their
exposure to the major risks thal have been so idèntified and reviewed. The chadty is open lo the usual financial
rlsks of any organisation, and the charity has Introduced controls to minimise thes8 risks, such as two signatures
belng required for payments from Ihe bank account. In addition, the accounts are regularly explained to members
of the charlty and are open for member's Inspection al any time. Identlfled risks include.. Stratègic, Financial,
Governan￿, People, Reputation, IT and Data, Health & Safety, Assets.
10-

BEAT CARNIVAL
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
The Beat Carnlval Centra bullding
There were issues of concern wllh the repairs and Improvements needed to Beat Carnival Centre, Northem
Ireland's unique arts crealion facility. The building fa¢ility IS an important, unique asset in the Northern Ireland and
Belfasl arts 'ecosystem' and should be safeguarded and developed for greater benefrt. In Ihis period, we undertook
further repairs to prevent water ingress.
Futurè buslness
Beat's 2023 to 2027 strategy outlines prlorlt18s for the organisation entering a new, 8XClting and bold phase. As the
founding and leading team wlll retire in 2025. the 2025-26 business programme wlll enable Beat Carnival to
transition and grow in the fac8 of change. 2025 is planned as a 'year of change, and 2026 as a 'year of new
beginnings,.
The 2025-2026 programme, lo deliver Beat's goals and outcomes, is projected to engage 1,500 chlldren, young
people and adulls in 360 participatory arts activities and 220 artist development sessions, with estimated 113.000
audience at 32 free-of-charge events in public spaces. Activity is entirely allgned lo Beat's slralegic purpose and
supports Arts Counc41 Nl and Belfast Cily Council strategic outcomes, We will seek 25-26 core funding uplift from
ACNI for succession and sustainability, to relieve business stress.
Significant, new elements of the 2025-26 programme follow from extensive development work In 2024-25 Involving
stakeholders. Two princip81, partlcipatory programme developments are.. the Empowering Young People
programm8', and rural capacity building in Carnlval On The Coasl, with Our Siren Song Festival as Nl partner in UK-
wide Beach Of Dreams festival. The Transition Project aims to complete the company's leader succession, and the
Blueprint (Arts & Buslnessl programme will support financial resilience. A new Marketing Action Plan aims to
increase engagemenl and develop new audiences. Beat will be pro-active in the Irish Street Arts & Spectacle
network and the Impact Practice Network. For sector advancement, leading carnival arts growth, Beat aims to form
a carnival collaboration structure wlth all-lsland ne￿orking. Beat will seek financial support for European leaming
and collaborallon, with Inlernational Munich Arts Lab. G￿en Arts and sustainablllty initlallves will include
Participatlon in a Futures Literacy co-daslgn UK tearn. We want lo develop artists, studios 8nd accesslbilily plans for
the Carnival Centre.
ststement of trusteès. rosponslbllltlès
The trustees are responsible for preparing the Trustees, Report and the financial statements In accordance with
appllcable law and United Kingdom Accounting Stsndards (United lQngdom Generally Accepted Accounting
PractlC6).
The law appllcable to charltles in Northern Ireland r6qulr8S the trust88S to preparè flnanci81 stat8ments for each
financial year which give a true and fair view of the state of affairs of the ¢harlty and of the Incoming resources and
applicatlon of resources of the charity for that year.
In preparing these financial statements. Ihe trustees are ￿qUired to:
seled suitable accounting poliGies and than apply them consistently;
- obseNe the methods and principles in the Charities SORP.,
make judgements and estSmates that are reasonable and prudent-
state whether applicable accounting standards have been followed. subject to any material departures disclosed
and explained in the financial statements.. and
prepare the financial statements on Ihe going concem basis unless it is in8ppropriate to presume thal thè charily
will continue in operation.
The trustees are responsible for keeping sufficienl accounting records that disclose with reasonable accuracy at any
time the financial posilion of the charity and enable them to ensure that the financial statements comply with the
Charities Act (Northern Ireland) 2008 and the provisions of the trust deed. They are also responsible for
safeguarding Ihe assets of the charity and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
11

BEAT CARNIVAL
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Audltor
In accordance with the company's articles, a resolution proposing that HM Chartered Accountants be reappointed
as auditor of the company will be put at a General Meeting.
Dlsclosure of information to auditor
Each of th8 trustees has confirmed that there Is no infomiation 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 appropriate steps to
identify such relevant infomiation and to establish that the auditor is aware of sud) information.
The trustees. report was approved by the Board of Trustees.
anie Carnpbell
Trustee
Date..
12-

BEAT CARNIVAL
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF BEAT CARNIVAL
Opinion
We have audited the financlal statements of Beat Carnw81 (thé 'charity'l for the year ended 31 March 2025 which
comprise the stalement of financial activities, the balance sheet, the statement of cash flows and notes to thè
financial statements, including significant accounting policies. The financial reporting framework that has been
applied in their preparation is appllcable law and United Kingdom Accounting Standards, includlng Financial
Reporting Standard 102 Thg Financial Reportlng Standard applicable in the UK and Republi¢ of Ireland (United
Kingdom Generally Accepied Accounting Praclice)-
In our opinion, the financlal stat8ments',
give a trua and fair vlew of the state of the charity's affalrs as at 31 March 2025 and of Its Incoming resources
and application of resources, for the year then ended.,
have been properly pr8pared in accordance with Unlted Klngdom Generally Accepted Accounting Practlce;
and
have been prepared In accordance wilh the Charities Act (Northem Ireland) 2008.
Basls for oplnlon
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKI) and appllcable
law. Our responsibilities under Ihose standards are further described in the Auditors r8sponsibilities for the audit of
the financlal statements section of our report. We are independent of the charity in accordance wrth the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Stsndard, and we have fulfilled our other ethical responsibilities in accordance with these requiroments. We believe
that the audit evidence we have obtained is sufficient and appropriate to provSde a basis for our opinion.
Concluslons relatlng to golng concern
We have nothing to report In respèct of the following matters in relation to which the ISAS (UK) require us to report
lo you were..
the directors, use of the going concern basis of accounting in the preparation of the financial stalements is
not appropriat8', or
the directors have not disclosed in the financial statements any identified material uncertalntles that may
cast significant doubl about the group's or the parent company's ability to continuè to adopt the going
concern basis of accounting for a perlod of at least ￿e1ve months from the date when the flnancial
$t81ements are authorlsed for Issue,
Other Informatlon
The other information comprlses the Information Included in the annual report other than the financial statements
and our auditorfs report thoreon. The trustees are responsible for the other information conlained within the annual
report. Our opinion on the financlal stalements doos not cover the other information and we do not express any form
of assurance conclusion thereon.
Our responslbility is to read the other informallon and, in dolng so, conslder whether the olh8r informatlon Is
malerially inGonsist8nl with the financial statements or our knowledge obtained in the course of the audit, or
otherw6e appears lo be materially mlsslaled. If we idenknfy such material inconsistencies or apparent materiel
misstalements, we are requlred to determine whether this gives rise to a material misstatement in the financial
statements themselves. If, based on the work we have perforrned, we conclude that Ihere is a material
misstslem8nl of this other information, we are required to report that fact.
We have nothlng to report in this regard.
13-

BEAT CARNIVAL
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF BEAT CARNIVAL
Opinions on othor matters prescrfbed 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 for the financlal year for which the financial statements are
prèpared, which includes the directors, report prepared for the purposes of company law, Is consistent with the
financial statements., and
the directors, report included within the trustaes. report has been prepared in accordance with applicablé legal
requirements.
Matters on whlch wo arn requlred to report by axcoptlon
In the light of the knowledge and understanding of the charity and its environment obtained in the cours8 of the
audit, we have not identsfied material misstatements In the directors, report included within the Irusts8s' report.
W8 have nothlng to r8POrt in respect of the following matters In relatlon to which the Charltles Accounts and Reports
Regulations (Northern Ireland) 2015 requlres us to report to you if, in our opinion:
the informatlon giv8n in the financial statements is Inconsistent in any materlal rèspect with the trustees,
report; or
sufficient accountlng records have not b88n kept., or
the financlal statements are not in agreement with th8 accounting records; or
we have not received all the infomialion and explanations we require for our audit.
Rosponslblllile8 of trustees
As explained more fully in the statement of trusteos, responsibilities, the Iruslees are responsib18 for the preparation
of the financial statements and for being satlsfied that they give a true and fair view, and for such internal control as
the trustees delermlne 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 conllnue as a
going concern, disclosing, as applicable, matters relaled to golng concem and using the golng concern basis of
accounting unless the trustees either intend to cease operations, or have no realistic alternativ8 but to do so,
Auditor's rasponslblllties for tha audlt of tho flnanclal ststomènts
Our objectives are to obtaln reasonable assurance about whether the flnancial statements as a whole are free from
material misstatement, whether due to fraud or error, and lo issue an auditorfs report that includes our opinion.
Reasonable assurance is a high level of assurance but Is not a guarantee that an audit conducted in accordan
with ISAS IUKI will always detect a rnaterial misstatement when it exists. Misstatements can arise from fraud or
error and are considered material if, individually or in the aggregale, they could reasonably be expected lo influence
the econom1¢ declslons of users taken on Ihe basis of these financial statements.
A further description of our responslbilltles Is available on the Finan¢lal Reporting Councll's webslte at.. https'.11
www.frc.org.ukjauditorsresponsibilities. This description forms part of our audilorfs report.
14-

BEAT CARNIVAL
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF BEAT CARNIVAL
Our approach io identifying and assessing the risks of material misstatement in respect of irregularities, including
fraud and non-compllance with laws and regulations, was as follows:
the engagemènt partner ensured that the engagement team collectively had the appropriate competence,
capabilities and skills to identify or recognise non-compllance with applicable law5 and regulations.
we identified the laws and regulations applicable to the company through discussions with directors andlor
senior management, and from our commercial knowledge and expèrience of the sector,.
We focused on spèclflc laws and regulatlons which we considered may have a dlrect m8terlal 8ffect on the financial
statements or the operations of the comparby. including Companies Act 2006, taxation legislation, data protection,
anti-brlbery, employment, envlronmental and health and safety leglslatlon
we assessed Ihe extenl of compllance with th8 laws 8nd regulations Id8ntlfled abov8 through making
enquiries of management and Inspecting legal correspondence,. and
identified laws and regulations were communicated within the audil team regularly and the team remalned
alert to instances of non-compliance throughout the audit.
We assessed the susceptlbillty of the company's financlal statements io materlal mlsstatement, Including obtaining
an understanding of how fraud rnighl occur, by:
making enqulries of management as to where they considered there was susceptibility to fraud, Ihelr
knowledge of actual, suspected and alleged fraud,. and
considering the Internal controls In place to mitigate risks of fraud and non-compliance wlth laws and
regulations.,
To address the rlsk of fraud through manag8ment bias and override of controls, we.,
performed analytical procedures lo identify any unusual or unexpected rèlationships-,
tested journal entries to Identify unusual transactions.,
assessed whether judgements and assumptions made in determining the accounting estimate5 set out in
Note 2 were indicative of potential bias; and
investigated the ratlonale behind signrficant or unusual Iransaclions.,
In response to the risk of Irregularlties and non-compliance with laws and regulatlons, we deslgned procedures
which included, but were not limitèd to:
agre8ing financial staternent disclosures to underlylng supportlng documentatlon.,
reading the minutes of m6èllngs of those charged with govemancè.,
enquiring of management as to actual and potential litigation and clalms,. and
reviewing correspondence with HMRC and the company's legal advisors.,
There are Inherent Ilmltatlons in our audlt procedures described above. The more removed Ihat laws and
regulations are from flnancial transactlons, the less likely it is Ihat we would become awa￿ of non-complianc8.
Auditing stsndards also limit the audit procedures required to identify non-compliance with laws and regulations to
enquiry of the direGtor5 and other management arbd the Inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may
involve deliberate concealment or collusion.
15-

BEAT CARNIVAL
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF BEAT CARNIVAL
Use of our report
Thls report is made solely to the company's members, as a body. in accordance with Chapter 3 of Part 16 of thé
Companies Act 2006. Our audit work has been undertaken so that wè might state to the company's members those
matters we are required to slate to them in an audlloes report and for no olher purpose. To the fullest extent
pemiittéd by law, we do not accept or assume responslbiliiy to anyone other than the company and the company's
members as a body, for our audit work. for this report, or for tha oplnlons we have formed.
HM Chartered Aeeountants
Chartered Accountants
Statutory Audltor
6th Floor East Tower
Lanyon Plaza
Belfasl
Co. Antrim
BT13LP
0711012025
HM Chartered Accountants Is eligible for appointment as auditor of the charity by virtue of Its eliglbility for
appolntment as audltor of a company under section 1212 of the Companies Act 2006.
16-

(D U)
V> Ln
v> * ¥>
a) c

BEAT CARNIVAL
BALANCE SHEET
ASAT31 MARCH 2025
2025
2024
Notes
Flxed assets
Tangible assets
12
332,143
339,220
Current assets
Debtors
Cash at bank and in hand
13
9,196
513,331
29,231
451,881
522,527
481,112
Credltors: amounts falllng due wlthln
one year
14
(20,094)
(14,571)
Net current assets
502,433
466,541
Totsl assots le88 curront Ilabllltlos
834,576
805,761
Net aggets
834,576
805,761
The funds of the charlty
Restricted income funds
Unrestricted funds- general
Unrestricted funds - designated
16
408,751
11,294
414,531
382,213
13,352
410,196
17
834,576
805,761
The finanaal statements were approved by the trustees on ..
Stefanie Campbe
Trustee
18-

BEAT CARNIVAL
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Notes
Cash flows from oporatlng actlvltlos
Cash generated from operations
20
61,939
42,604
Investlng actlvltlo5
Purchase of tsngiblè fixed assets
Investment Incomé received
(7,273)
6,784
(13,393)
5,445
Nat cash used In Investlng actmtlès
(489)
(7,948)
Not cash generated from flnanclng actlvllles
Net Increa80 In cash and ca8h •qulvalonts
61,450
34,656
Cash and cash equlvalents at beginnlng of year
451,881
417.226
Cash and cash equivalents at ond of y•ar
513,331
451,881
19

BEAT CARNIVAL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng policies
Charlty Information
Beat Carnival is a private company limited by guarantee incorporated in Northern Ireland. The registered
office is 11-47 Boyd Street, Belfast, County Antrim 8T13 2GU, Northern Ireland.
1.1 Accountlng convention
The financial statements have been prepared in accordance with the charity's governing document, the
Charities Act (Northern Ireland) 2008, FRS 102 "The Financial Reporting Standard applicable in Ihe UK and
Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of
Recommended Praclice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" The charity is a Public Benefit
Entity as defined by FRS 102.
The financial statements are prepared in sterling. which is the functional currency of the charity- Monetary
amounts in these flnancial statements are rounded to the nearest £.
The financial statements have been prepared under the hlstorical cost convention, [modified to include the
revaluation of freehold properties and to include investment properties and certain financial instruments at falr
value]. The principal accounting policies adopted are set out below.
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 tnstees
continue to adopt the going concern basis of accounting in preparFng the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Restrlcted funds are subject to 5peclfic conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set OLrt in the notes to the financial statements.
Endowment funds are subject lo speclfic conditions by donors that the capital must be malntained by the
charity.
1.4 Income
Income is recognised when the charity is legally ents'tled to it after any performance condltions have been met,
the amounts can be measured reliably, and it is probable that income will be received.
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 al the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution,
the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a
contingent asset.
-20-

BEAT CARNIVAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 MARCH 2025
Accounting pollc188
Icontinued)
1.6 Expendlture
Expenditure is recognised once there is a legal or constructlve obligation to transfer economic benefit to a
third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of dIr￿t costs and
shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated directly to that activity. Shared costs which contribule to more than one activity and
support costs which are not attributable to a single activity are apportioned between those activities on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
1.6 Tanglble flxed assets
Tangible fixed assets are InStially 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 valuatlon of assets less their resldual values over their
useful lives on the following bases..
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Motor vehicles
20/0 straight Ilne
200h straight line
200A straight line
25% straight line
The gain or loss arising on the disposal of an asset is detemiined as the difference be￿een the sale proceeds
and the carrying valu8 of the asset, and is recognised in the statement of financial activities.
1.7 Impalmient of fixed assets
At each reporting end date, the charlty reviews the carrying amounts of its tangible assets to determlne
whether there is any Indication that those assets have suffered an impairment loss. If any such Ind￿ation
exist5, the recoverable amount of the asset is estimated in order to determine the extent of the impairment
loss (if any).
1.8 Cash and cash equlvalents
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 ar8 shown
within borrowings in current liabilities.
1.9 Financlal instruments
The charity has 8lected to apply the provisions of Section 11 '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 paty to the
contractual provisions of the instrumenl.
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 recognised amounts and there is an intention to settle on a net
basis or to realis8 the asset and settle the liabilty simultaneously_
21

BEAT CARNIVAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting pollcles
(Continued)
Baslc 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 Ihe effective
interest method unless the arrangement constitutes a finanang transaction, where the transactlon is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Baslc financial Ilabilitles
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction pri￿ unless
the arrangement constitutes a financing transaction, Whe￿ the debt instrument Is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordIn￿Y course of
operations from 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
transacts'on pric8 and subsequently measured at amortised cost using the effective interest method.
Derecognltion of financlal liabllltlos
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised In the period In which the employee's services are
received.
Temiination benefits are recognised immediately as an expense when the charity is demonstrably committed
to temiinate the employment of an employee or to provide termination benefits.
1.11 Retlrnment benefit8
Payments to defined contribution retlrement beneflt schemes are charged as an expense as they fall due.
Crltlcal accountlng astlmates and Judgement8
In th8 application of the charity's accounting policies, the truslees are required to make judgements, 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 underlying assumptions are review8d on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects t￿lY that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
-22-

BEAT CARNIVAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 MARCH 2025
Income from donatlons and legacles
Unrestrlcted Unrestrlcted
funds
funds
designated
deslgnated
2025
2024
Donations and gifts
31,059
47,772
Income from charltable actlvltleS
Unrestrlcted R6strlcted
funds
funds
2025
2025
Totsl Unrostricted Restrlcted
funds
funds
2024
2024
Total
2026
2024
Charltable actlvltles
Sale of goods
Perfomiance related
grants
Charitable rental income
Other income
16,095
1,651
17,748
22,146
3,316
25,462
335,779
335,779
2,960
320,271
320,271
3,690
183
2,960
3,690
183
19,055
337,430
356,485
26,019
323,587
349,606
P•rfomance relat•d grants analysls
Charltable
actlvltles
2025
Charltabl•
actlvftles
2024
Arts Council Core & Programme Funding
Belfast City Council Multi Annual Funding
Arts Council Equipment
Ards & North Down Borough Council
Erasmus+
PRS Foundation
The National Lottery Community Fund- EPY
The National Lottery Community Fund- Domant Accounts
BCC Other
ACNI
other
137,288
33,500
5,075
7,768
143,138
33,000
12.835
9,000
71.171
24,450
21,677
5,000
83,223
50,000
4,753
34,172
335,779
320,271
-23-

BEAT CARNIVAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Income from Investments
Unrostrlcted Unrestricted
funds
funds
2025
2024
Interest re￿1vable
6,784
5,445
Expondlture on charltable actlvltles
Charltsble
actlvltles
2025
Charltabla
actlvltles
2024
Dlro¢t C08ts
Artist, Performer and Tutor Fees
Venue Rental
CrewlProdu¢tion Management
Travel & Subsistence
Skills Tr8ining
Programme Co-ordination
Event Services
Publicitylmarketing
Materials
Evaulation & Consultancy
69,936
1,013
661
3,185
749
16,021
79,915
1,089
1,725
7,171
1,061
23,362
4,644
4,342
4,285
5,108
7,144
4,815
15,481
119,005
132,702
Share of support and governance costs Isee note 7)
Support
Governance
236,029
10,089
200,767
18,836
365,123
352,305
Anatysls by fund
Unrestricted funds - general
Unrestricted funds - designated
Restricted funds
27,507
26.724
310,892
23,970
50,225
278,110
365.123
352.305
-24-

BEAT CARNIVAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Support costs allocated to activities
2025
2024
Staff costs
Depreciation
Office expenses
Motor expenses
Printing, postage & stationery
Repairs & maintenance
178,544
14,350
10.747
3,653
1,915
15,456
3,324
6,027
1,091
922
10,089
137,448
17,515
13,536
3,032
2,238
16.735
2,787
5,834
1,031
611
18,836
Insurance
Tralning & recruitment
Subscriptions & memberships
Govemance costs
246,118
219,603
Anatysed between:
Charitable activities
246,118
219,603
2025
2024
Governance costs comprlse:
Audlt and accountancy fees
Legal and professional
5,640
4,449
3,610
15,226
10,089
18,836
Trustee8
None of the trustées (or any persons connected with them) re￿iVed any remuneration or beneffts from the
charity during the year.
Employees
The average monthly number of employees during the year was..
2025
Number
2024
Number
-25-

BEAT CARNIVAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Employees
(Continued)
Employment costs
2025
2024
Wages and salaries
Social security costs
Other pension costs
158,763
11,942
7,839
122,740
8,132
6,576
178,544
137,448
There were no employees whose annual remuneration was more than £60,000.
Remuneratlon of key management personnel
The remuneration of key management personnel was as follows..
2026
2024
Aggregate compensatlon
109,544
108,045
10 Other •xpendlture
Unrestricted Unrestrlcted
funds
funds
2026
2024
Financing costs
390
383
11 Taxatlon
The charty is exempt from taxation on its activities because all its income is applied for charitable purposes.
-28-

BEAT CARNIVAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
12 Tanglble fixed assets
Freehold land
and buildlngs
Plant and Fixtures and
oquiwnènt
r￿Ing5
Motor
vehlcbes
Totsl
Cost
At 1 April 2024
Additions
377,253
4,570
63,833
64,592
2,703
45,760
551,238
7,273
At 31 March 2025
381.823
63,633
67,295
45,760
558,511
Depreclatlon and Impalrmant
At 1 Aprll 2024
Depreciatlon charged in the year
62.801
7.636
43.524
5,354
59,933
1,360
45,760
212,018
14,350
At 31 March 2025
70,437
48,878
61,293
45,760
226,368
Carrylng amount
At 31 March 2025
311,386
14,755
6,002
332,143
At 31 March 2024
314,452
20,109
4,659
339,220
13 Debtors
2025
2024
Amounts falllng due wlthln one year:
Trade debtors
Other debtors
Prepayments and accrued income
1,185
6,864
1,147
3,222
25,057
952
9,196
29,231
14 Credltors: amounts falllng dua wlthln one year
2026
2024
Trade c￿dItorS
Other creditors
Accruals and deferred income
8,135
5,316
6,643
3,224
4,935
6,412
20,094
14,571
15 Retirement benefit schemes
2025
2024
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes
7,839
6,576
-27-

BEAT CARNIVAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1S Retlrement beneflt schemes
(Contlnued)
The charity operates a defined contribLrtion pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the charity in an independently administered fund.
16 Restrlcted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as to how they may be used.
Incomlng Resources At 31 March
resources
expended
2026
2024
Ards & North Down Borough Councll
Beat Camival Centre Capital
Arts Council Core & Programme
Arts Council Equipment Grant
Belfast City Council Arts & Heritage
Belfast City Council CMAG
The National Lottery Community Fund - EYP
The National Lottery Community fund -
Equipment
DFCIBCC Access & Inclusion (Capital)
The National Lottery Community Fund-
Dormant Accounts
Awards For All
Kinetika
Samba Masterclass
7,768
(1,860)
(6,917)
(137,288)
(3,696)
(18,930)
(33,500)
164,825)
5,908
278,900
285,817
137,288
5,075
4,753
33,500
e1,382
1,786
14,177
3,165
24,288
20,845
1,841
1891)
(600)
950
28,748
29,348
23,654
50,000
19,972
14,200
1,651
(24,155)
(3,808)
19,630)
(4,794)
49,499
16,166
4,570
3,143
382,213
337,430
1310,892)
408,751
-28-

BEAT CARNIVAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
16 Restricted fund8
Icontlnued)
Previous year:
At 1 Aprll
2023
Incomlng
resources
Resources At 31 March
expended
2024
Arts Council Commission
Arts Council Capital
Arts Council Core & Programme
Arts Council Equipment Grant
Belfast City Council Arts & Heritage
Belfast City Council CFF
Belfast City Council MAF
The National Lottery Communlty Fund
Children in Need
DFCIBCC Access & Incluslon (Capital)
Dormant Accounts
Eramus+
PRS Foundation
Samba Masterclass
5,000
292,803
5,000
(10,000)
(6,986)
(143,138)
(3,522)
285.817
143,138
5,308
1,786
14,177
14,177
7,500
33,000
71,171
{7,500)
133,000)
146,883)
(5,701)
(600)
(796)
110,811)
(9,000)
1173)
24,288
5,701
29,948
29,348
23,654
24,450
12,835
9,000
3,316
(2,024)
3,143
336.736
323,587
(278,110)
382,213
336,736
323.587
(278,110)
382,213
Restricted funds are legacies and donations received for specified purposes wlthin the overall aims of the
Charity.
-29-

BEAT CARNIVAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
17 Unrestrlcted funds - deslgnated
These are unrestricted funds which are material to the charity's activities.
At 1 Aprll
2024
Incomlng
resourc88
Resources
expended
Transfers At 31 March
2026
Working Capltal Fund
Building Development Fund
Redundancies Fund
Succession Strategy Fund
Beat Camival Events Fund
160,000
130,000
40,500
44,696
35,000
31,059
(26,724)
164,335
130,000
40,500
44.696
35,000
410,196
31,059
(26,724)
414,531
Prevlous year:
At 1 Aprll
2023
Incomlng
resource8
Resources
expended
Transfers At 31 March
2024
Working Capital Fund
Building Development Fund
Redundancies Fund
Succession Strategy Fund
Beat Carnival Events Fund
150,000
140,000
40,500
60,000
19,915
47,772
(50,225)
12,453
(10,000)
160,000
130,000
40,500
44,696
35,000
{15,304)
15,085
410,415
47,772
{50,225)
2,234
410,196
Unrestricted funds comprise those funds which the Management Committee are free to use In accordance
with the organisation's objectives.
Working Capital Fund - allocated towards the ongoing capltal requirements for project and grant funding
received in arears
Building Development Fund - 8llocated to allow for maintenance and repair risks and for accrued depreciation
Redundancies Fund - allocated to provide for potential redundancy costs
Strategic Development and Succession Fund - allocated to Strategic Development and Succession
Events Fund - allocated towards events held
18 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
Transfers At 31 March
2025
At 1 Aprfl
2024
Incomlng
resources
Resources
expended
General funds
13.352
25,839
(27,897)
11,294

BEAT CARNIVAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
18 Unrestrlcted fund$
(Contlnued)
Previous year:
At 1 April
2023
Incomlng
resources
Resources
expended
Transfers At 31 March
2024
General funds
8,475
31,464
(24, 353)
(2,234)
13,352
19 Related party transactlons
The charity received a donation of £31,05912024: £47,722) from Beat Trading Limited, a company linitad by
guarantee whose only member is Beat Camival. The amount due in respect of this donation at the year end
was £Nil (2024- £Nill
20 Cash generated from operatlons
2025
2024
Surplus for the year
28,815
50,135
Adjustments for:
Investm8nt income recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
16,784)
14,350
(5,445)
17,515
Movements In worklng capltsl:
Decreasel(increasel in debtors
Increasel(decrease) in creditors
20,035
5,523
(13,274)
(6,327)
Cash generated from operatlons
61,939
42,604
21 Analysls of chang0$ in net funds
The charity had no material debt during the year.
31