Company registered number: N1067459
Charity registered number: NIC103356
BELFAST INTERFACE PROJEcr
(Pvivate Lirnited Corrwy by Euarantee wlthoui share cawtsl Lt5e of'lknlltrf exemptknl
TRUSTEES, REPORT AND FINANCIAL STATEMEFThS
FOR THE YEAR ENDED 31 MARCH 2026
Tony Clarke
53 Andersonstown Road
Belfast
BTII 9AG

BELFAST INTERFACE PROJECT
cO￿rENTs
PAGE
Reference and administrative details of the charity. trustees and
advisers
Annual Report ofthe Trustees
Independent Examiner Report
Statement of Financial Activities
io
Balance Sheet
11-12
Notes to the Financial Statements
13-22

BELFAST INTERFACE PROJEcr
IPrivate Limited Company by guarantee withou¢ share capital use of'knmited. exetllplionl
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Tru5tee5' Annual Report {IncorporatI￿ the Directors. Report)
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
N1067459
Registered Charity number
NIC103356
Registered office
109-113 Royal Avenue
Belfast
Northem Ireland
BTI IFF
CHAIRPERSON
Maria Morgan
TRUSTEES
Maria Morgan
Aisling Cartmill
Muriel Bowyer
Edward Petersen
Gerry Mcclory
Gerry Skelton
Bernadette Mcconnell
Ashok Shanna
Patrick O'th)nnell
Chair
Deputy Chair
Treasurer
INDEPENDENT EXAMINER
Tony Clarke
Certified Public Accountant
53 Andersonstown Road
Belfast
BTII 9AG

BELFAST INTERFACE PROJEC[
IPrNate Limited Company by guarantee without share capita5 use ol'Limited' exemption)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDEO 31 MARCH 2026
Trustees. Annual Report Ilncorporatin8 the Dirertors. Report)
The Trustees present their annual report together with the financial statements of the company
forthe year ended 31 March 2026.
The financial statements have been prepared in accordance with the accounting policies set out in
note I to the financial statements and comply with the company'5 governing document. the
Companies Act 2006 and"Accounting and Reporting by Charitie5= Statement of Recommended
Practices applicable to charitie5 preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" las amended for
accounting periods commencingfrom l January 20191
StnKture, Governance and Managernent
Belfast Interface Project {BIPI was established in 1995 and became a membership organisation in
2000. It currently has a membership of 40 community group5 from Nationalist and Unionist
interface areas of Belfast as well as 16 associate and 12 individual members.
Objectives and Activities
Belfast Interface Project IBIP), now operdting for more than 25 years, continues to support
peacebuilding. reconciliation, conflict transformation and community development across Belfasvs
interface communities while exploring opportunities for wider regional engagement where
resources permit.
BIP continues to work in partnership with community organisations. statutory agencies, academic
institutions and local councils to addre55 i55ue5 relating to interface division, shared space,
community safety and future planning.
The following remain the Vision. Purpose. Values and Principles of the charitable company-
Vi5iOD
Our vision is of interface communities being transformed; becoming prosperous, confident and
cohesive.
Purpose
Our purpose is to art a5 a catalyst for change, empowering and supporting interface communities.
Value5 and Principle5
Our core values are integrity. trust and mutual respect, which allow us to work in partnership with
a shared ownership of issues and solutions.
The strategic objectives of Belfast Interface Project continue to include-
Policy: To work with local communities to inform, develop and challenge interface policy
development that is of practical benefit to interface communitie5.
Advocacy: To act as an independent voice for interface communities.
Transformation.. Being a catalyst for change.
Empowerment.. Building capacity and confidence.
Building a resilient organisation.

BELFAST INTERFACE PROJE
IPrNate Llmited Company by guarantee wtthout share capital use of'knmited, exemption)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Trustees. Annual Report {Incorporatlng the Directors Report) (continued)
Organisational Development
During 2025-2026 Belfast Interface Project continued to Strengthen its operational capacity and
long-term sustainability while maintaining programme delivery across interface communities in
Belfast.
The organisation successfully secured Capaaty Building funding from Belfast City Council together
with core support funding from the Northern Ireland Community Relations Council ICRC). This
5UPPOrt assisted the or8anisation in maintaining core operational functions durin8 a continued
challenging funding environment for the voluntary and community sector.
Funding support previously received from Halifax Foundation Nl concluded during the year.
During the reporting period Mark Arthur was employed in a Project Officer role supporting delivery
within funded programmes and wider engagement work.
BIP continued to develop and implement its own independent funding strategy focused on
organisational sustainability, innovation and fijture programme development. This strategy
include5 applications to a range of local, regional and international fvnding bodies including Belfast
City Council, The Executive Office, PEACEPLUS. the Department of Foreign Affairs, International
Fund for Ireland and charitable trusts.
While Belfast Interface Project continues to engage regionally where opportunities arise, the
organisation recognise5 that expansion outside Belfast remains dependent upon the availability of
project-based funding and strategic partnerships.
Strategic and Operational Planning
During the year Belfast Interface Project launched its new Strategic Plan 202S-2028 together with
an updated Operational Plan.
The Strategic Plan was developed by Gerry Skelton {on behalf of the Board), and the Operational
Plan by the Practice Coordinator. with both being reviewed and critiqued accordingly by Board and
staff members,
The plans outline Belfast Interface Projecvs continuing commltment to:
peacebuiSding and reconciliation.
interface transformation.
community empowerment.
digital innovation,
organisational resilience,
and the continued development of collaborative partnerships across the statutory, academic
and community sectors.
The plans also place increased emphasis on innovative methods of community engagement
including immersive digital technologies, future-planning tools and shared-space dialogue.

BELFAST INTERFACE PROJECT
(Private Limtted Company by guarantee without share capital use ol'Lirnited' exemptionl
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Trustee5' Annual Report (Incorporating the Director5 Report) (continued)
Programme Delivery
During 2025-2026 Belfast Interface Project SUC￿$s￿lIV completed and reported on two projects
funded through The Executive Office:
Sense Over Serterariani5m
Augmented Reality Planning
These programmes supported engagement with young people and communities across interface
areas while continuing Belfast Interface Projecys work around dialogue, conflict transformation
and community planning.
The organi5ation continued to deliver workshops. mentoring support and engagement activities
with community and youth group5 acr055 North. South. East and West Belfast.
BIP also continued to support local groups and organisations through facilitation, relationship-
building activity and ongoing partnership engagement across interface communitie5.
Shared Futures and Digital Innovatbon
The Shared Futures Community Platforni, developed in partnershipwith interface communities
and University of Essex, was officially launched during the year.
The platform represents a significant stage in Belfast Interface Projecvs continuing development of
innovative approaches to digital engagement. future planning and communtty co-design.
Building upon earlier work involving digital mapping. Minecraft-based engagement and augmented
reality planning, Belfast Interfa￿ Project has continued to explore immersive engagement
methodologies using Meta virtual reality technologies and community-led digital planning
approaches.
Belfast Interface Project intends to continue sourcing funding to further develop immersive digital
engagement methods and future-planning methodologies while upgrading the organisation's IT
infrastructure and digital systems in support of future programme delivery and organisational
sustainability.
Membership. Parternships and Engagement
During the year Belfast Interface Projett updated its membership structure which now includes 42
community groups and organisations together with associate and individual members.
BIP continued to maintain and strengthen relationships with community organisations. statutory
aBencies, local councils, academic institutions and international partners.

BELFAST INTERFACE PROJEC[
(Priyate Limited Company by euaranlee wiihout share capitsl use of 'Limited' exemption)
TRUSTEES, REPORT AND FINANCIAI STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Trustees. Annual Report (Incorporatbng the Directors Report) (continued)
Member5hipi Partemships and Enga8ement (continued)
The or8anisation hosted a number of engagements and visits during the year including:
representatives from university departments.
Journalists from Japan and the Netherlands.
interviews with local and international media outlets.
BIP also hosted engagements with journalists and researchers including Martin Fletcher from The
rimes and representatives from University of Glasgow Community Development programmes.
These engagements continued to highlight the organisation's experience and expertise in interface
issues, peacebuilding and innovative community engagement methodologie5.
AGM and 25th Anniversary
Belfast Interface Project held its Annual General Meeting and 25th Anniversary event during
December 2025 at Ulster University.
The event was ably facilitated by Gerry Skelton and brought together community organisations,
statutory representatives. academic partners and supporters to reflect on more than 25 years of
peacebuilding and interface work carried out by Belfast Interface Projert.
The AGM also highlighted the organisation's future direction including the launch of the new
Strategic and Operational Plans together with presentations relating to the Shared Futures
platform and immersive digital engagement work.
During the reporting period the organisation also marked the retirement of Company Secretary
Bernie Mcconnell. Belfast Interface Project would like to place on record its sincere appreciation
for Bernie's help, strength, fortitude and support throughout her tenure with the organisation.
Plans for Future Periods
Belfast Interface Projed will continue to focus on peacebuildin& conflict transformation, shared-
Space engagement and community empowerment across interface communities in Belfast while
exploring opportunities for wider regional engagement where funding and partnerships permit.
The organisation will continue to seek funding opportunities supporting-
immersive digital engagement and Meta virtual reality technologie5,
shared-space and future-planning initiatives.
youth engagement and wellbeing programme5.
community capacity building,
and the continued development of the Shared Futures Community Platform.
BIP will continue to strengthen partnerships with community organisations, statutory agencies,
local councils and academic institutions while developing a sustainable funding pipeline to 5UPPOrt
future organisational growth and resilience.

BELFAST INTERFACE PROJECT
IPrNate Llmited Company by euarantee w¥ihout share capital use of 'Lirnited' exemption)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Trustees, Annual Report {Incorporating the Dirertors Report) {contlnued)
Financial Review
The results for the year ended 31 March 2026 are set out on pages 10. 11 and 12 of the financial
statements.
The total income for the year ended 31 March 2026 amounted to £169.214 {2025: £85.4391. The
total expenditure was £161.02412025: £95,658)
The trustees acknowledge the reserves are currently negative but are satisfied thi5 15 a temporary
position and expect improvement in the near future. The charity held £6.631 in re5erve5 at the
year end12025.'1£1,9591).
Reserves Policy
The Trustees. policy is to retain a level of unrestrirted reserves which provide5 reasonable
assurance of the resilience and sU5tainability of the charity in uncertain times. Their aim is to have
unrestricted reserves of three month5 core salaries, pensions and running costs. plus a redundancy
reserve. This would equate to approximately £56.00012025= £41,000).
Actual re5erve5 at 31 March 2026 are £6,631 {2025: {£1.95911, which includes a provision of £5,351
12025: £5,740) in respect of the Nl Charitie5 Pension Scheme. Without this provision, reserves
would Stand at £11,98212025= £3.7811.
We are currently seeking to bring in additional unrestricted funding to brin8 reserves into line with
our policy. This will include revenue from training, mediation and facilitation projerts. tenders and
management fees for partnered projects in communities and other contract income.

BEiFAST INTERFACE PROJECT
(Prfvate knmited Company byguarantee wlthoutshare capitsl use of,￿mIted, exemption)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Trustees, Annual Report Ilncorporatin8 the Dirertors Report) Icontinuedl
Trustees. responsibilities statement
The Trustees (who are also ￿1￿CtorS of Belfast Interface Project for the purposes of company lawl
are responsible for preparing the Trustees, report and the financial staternents in accordance with
applicable law and United Kingdom Accountin8 Standard (United Kingdom Generalty Accepted
Accounting Practi￿}
Company law requires the trustees to prepare financial statements for each financial yeai. Under
company law the Trustee5 must not approve the financial statements unless they are satisfied that
they give a true and fair view of the state of affairs of the charitable company and of the income
resources and application of resources, including the income and expenditure of the charitable
company for that period. In preparing these financial statements, the Trustees are required to..
Select suitable accounting policies and then apply them consistently
Observe the methods and principles in the Charities SORP,.
Make judgments and accounting estimates that are reasonable and prudent;
Prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charitable company will continue in operation.
The Trustees are responsible for keeping adequate accounting record5 that are sufficient to show
and explain the charitable company's transactions anil disclose with reasonable accuracy at any
time the financial position of the chaTWtable company and to enable them to ensure that the
financial statements comply with the Companies Act 2(M)6. They are abso responsible for
safeguarding the assets of the tharrtable company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
Belfasi Inierface Project is a company limited by guarantee by its Memorandum and Articles of
Association. Each member's liability is limried to an amount not exceeding £1.
This report was approved by the Trustees. on 1110812026 and signed on behalf by..
Muriel Bowye
Treasurer
Trustee & Director

BELFAST INTERFACE PROJECT
(Private Limited Company by guaranree without share capital use of'Lirnited' exemplionl
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BELFAST INTERFACE PROJECr.
I report on the financial statements of the company forthe yearended 31 March 2026 which are
set out on pages 10. 11 and 12.
This report 15 made solely to the company's Trustees. as a body in accordance with section 65131{al
of the Charities Act Northern Ireland 21)08 and regulations made under section 66 of the Act. Mv
work has been undertaken so that I might state to the company's Trustees those matters l am
required to State to them in an independent examiner's report and for no other purpose. To the
fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the
company and the company's Trustees as a body, for my work on thi5 report.
Re5pertive responsibilities of trnstee5 and examiner
As the company's Trustees {and also the directors of the company for the purpose of company lawl
you are responsible for the preparation of the financial statements in accordance with the
requirements of the Companies Art 2006. Having satisfied myself that the company is not subject
to audit under company law, and is eligible for independent examination.
It 15 my responsibility to..
examine the accounts under section 65 of the Charities Act
follow the procedures laid down in the general Direction5 given by the Commission under
section 6519llbl of the Charities Act
state whether particular matters have come to my attention.
Basis of Independent Examiner's report
I have examined your charity accounts as required under section 65 of the Charities Act and my
examination was rJrried out in accordance with the general directions given by the Charitv
Commission for Northern Ireland under section 6519llbl of the Charities Act.
My examination included a review of the accounting records kept by the charity and a comparison
of the accounts presented with those records. It also included consideration of any unusual items
or disc105ures in the accounts. and seekinE explanations from you as charity trustees concernin8
any such matters.
Indepertdent exarninerfs ststement
My role is to state whether any material matters have come to my attention giving me cause to
believe:
That accounting records were not kept in accordance with section 63 of the Charities Act
That the account5 do not accord with those accounting records
That the accounts do not comply with the accounting requirements of the Charities Act
That there is further information needed for a proper understanding of the accounts to be
reached.

BELFAST INTERFACE PROJECT
(Private Limited Company by guarantee without share capital use of 'Limited' exerllptionl
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
INDEPENDENT EXAMINER'S REPORT TO THE TRU5fEES OF BELFAST INTERFACE PROJEcr
(conttnued)
I have completed my examination and have no concerns in respect of the matters111 to141 listed
above and, in connection with following the directions of the Charity Commission for Northern
Ireland, I have found no matters that require drawing to your attention.
Tony Clarke FCPA
53 Ander50nstown Road
Belfast
BTII 9AG
Date:

BELFAST INTERFACE PROJECT
(Private Limited Company by guarantee wiihout share capital use of 'Limited' exemption)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
STATEMENT OF FINANCIAL ACflVtriES INCORPORATING THE INCOME AND EXPENDITURE
ACCOUNT
Year to
Unrestritted Restricted 31-Mar-26
Fund5
Funds
TOTAL
Yearto
31-Mar-25
TOTAL
Note
Income from:
Donation5 and Legacies
Charitable Activities
Other trading activities
109,401
51.051
109.401
59.813
21,149
63,980
310
8.763
Total Income
8,763
160 451
169 214
85
39
Expendlture on:
Charitable Activities
213
160,810
161,024
95,658
Totsl Expenditure:
213
160,810
161,024
95.658
Net incomeJ{Expenditure)
8.549
13591
8.190
(10,2191
Transfers between funds
li
Other recognised gainslllosses)
Actuarial gains/llossesl on
defined benefit pension scheme
14
41
41
127
Net movement in funds
8,590
1359)
8.231
{10,0921
nciliation of Funds
Total funds brought forward
12
11.9591
719
(1,240)
8,852
Total Funds carried forward
li
6.631
360
1,2401
The statement of financial activities includes all gains and losses recognised in the year.
All incoming resources and resources expended derive from continuin
The statement of finanual attivities also complies with the requirements for an income and
expenditure account under the Companies Act 2(Kl6.
The notes on page 13 to 22 form an integral part of these accounts
io

BELFAST INTERFACE PROJECT
IPrivate Limited Company byguarantee without share capital use of 'knmited' exernptionl
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
BALANCE SHEET
As at 31 March 2026
2026
2025
Note
Fixed Assets
Tangible Assets
359
359
719
719
Current Assets
Debtors
Cash at bank
21.427
3,356
24,783
5,625
1,512
7,137
Liabilities
Creditors. amouffttsfaling due within (ye
12.8CIOI
3.356
Net Current Assets
11,984
3.781
4,500
Total Net Assets Exduding Pension Liabblity
Defined Benefit Pension Liability
14
Total Net AssetsllLiabilitie5)
Funds
Restricted
Unrestricted
12.343
15,3511
15.740)
1,240}
li
360
6.631
11,9591
719
TOTAL FUNDS
6,991
1,240
The company is entitled to the exemption from the audit requirement contained in section 477 of
the Companies Act 2006, for the year erbded 31 March 2026.
Tho trustees acknowledge their responsibilities for ensuring that the charity keeps accountinB
records which comply with section 386 of the Act and for preparing financial statements which give
a true and fair view of the state of affairs of the company as at the end of the financial year and of
its incoming resources and application of resource5. including its income and expenditure. for the
f inancial year in accordance with the requirements of Sections 394 and 395 and which otherwise
comply with the requirements of the Companies Act 2006 relating to financial statement5, 50 far as
applicable to the company.
The members have not required the company to obtain an audit of its financial statements for the
year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companie5 regime.
li

BELFAST INTERFACE PROJEcr
IPrivate Limtted Company by guarantee wrthout share capital use of'Limited' exemption)
TRUSTEES. REPORT AND FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
BALANCE SHEET Icontinued)
As at 31 March 2026
The f inancial statements were approved by the board of directors on 1110812026 and were srdned
on their behalf bv:
Muriel
Treasurer
Trustee & Director
The notes on page 13 to 22 form and integral part of these accounts
12

BELFAST INTERFACE PROJEcr
IPivète Limited Company by guarantee without share capttal use of 'Limiled' exernptionl
TRUSTEES, REPORT AND FINANCIAL STATEMENT5
FOR THE YEAR ENDED 31 MARCH 2026
NOTES TO THE ACCOUNTS
l Accounting policies
Charity information
Belfast Interface Project is a Private Limited Company by guarantee without share capital use of
'Limited' exemption incorporated in Northern Ireland. The registered office is: 109-113 Royal
Avenue, Belfast, Northern Ireland. BTI IFF.
1.1 Accounting conventlon
The accounts have been prepared in accordance with the charity's goveming document, the
Companies Act 2￿6 and "Accounting and Reportin8 by Charities.. Staternent of Recommended
Practice applicabSe to charities preparing their accounts in accordance with the Financial Reportin8
Standard applicable in the UK and Republic of Ireland {FRS 1021" las amended for accounting
periods commencing from l January 2019}. The charity is a Public Benefit Entity a5 defined by FRS
102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102
Update Bulletin I not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity.
Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to
include the revaluation of freehold properties and to ir)clude investment properties and certain
financial instruments at fair 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 trustee5 continue to adopt the going concern basis of accountin8 in preparing the
financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their
charitable objective5 unle55 the funds have been designated for other purposes.
Restricted funds are subject to specific conditions by donors as to how they may be used.
1.4 Incoming resources
Income is recognised when the charity is legally entitled to it after any performance conditions
have been met, the amounts can be measured reliably, and it 15 probable that income will be
received.
13

BELFAST INTERFACE PROJEcr
(Private Lirntted Company by guarantee without share capital use of 'timited' exemption)
TRUSTEES, REPORT AND FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
NOTES TO THE ACCou￿r5 Icontinued)
1.4 Incoming resources (continued)
Cash donations are recognised on receipt. Other donation5 are recognised once the charity has
been notified of the donation. unles5 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.
Tumover is measured at the fair value of the consideration received or receivable and represents
amounts receivable for goods and services provided in the normal course of business. net of
discounts, VAT and other sales related taxes.
1.5 Resources expended
Liabilities are recognised as expenditure a5 soon as there is a legal or constructive obligation
committing the charity to that expenditure. it is probable that a transfer of economic benefit5 will
be required in settlement and the amount of the obligation can be measured reliably.
Expenditure is accounted for on an accruals basis and has been classified under headings that
aggregate all cost related to the category.
The charity is below the charity audit threshold and therefore is exempt from reporting
expenditure on an activity basis. The charity has opted to report by the nature of expenditure
rather than on an activity b3Si5.
1.6 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 overdraft5. Bank
overdrafts are Shown within borrowing5 in current liabilities.
1.7 Financial instruments
The charity has elected to apply the provi5ion5 of Section 11 'Basic Financial Instruments, and
Section 12 '0ther 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 contractual provisions of the instrument.
Financial assets and liabilities are offset. with the net amounts presented in the financial
ststements, 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 realise the asset and settle the liability simultaneou51y
14

BELFAST INTERFACE PROJECT
(Private Lirnited Company by guarantee without share capital use of ,￿mIted, exemption)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
NOTES TO THE ACCOUNTS (continued)
1.8 Basic financial a55ets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequentty 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 3 market rate
of interest. Financial assets classified as receivable within one year are not amortised.
1.9 Baslc financlal Ilabilities
Basic financial liabilities, including 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 liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effectNe interest rate
method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary
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 transaction price and subsequently measured at amortised cost using the
effective interest method.
1.10 Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are
discharged or cancelled.
1.11 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's
services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably
committed to terrninate the employment of an employee or to provide termination benefits.
1.12 Critical accounting estimates and judgement5
In the application of the charity's accounting policie5. the trustees 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 assumption5 are based on
historical experience and other factors that are considered to be relevant. Actual results may differ
f rom these estimates.
The estimates and underlying 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 periods.
15

BELFAST INTERFACE PROJEcr
(Private Limited Company by guarantee withoyl share capital use ol'knmited, exemption)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
NOTES TO THE ACCOUKtS lcontinued)
2 Income from Donations and L
acies
2026
2025
Unrestricted Restricted
Funds
Funds
TOTAL
TOTAL
Private Donation
Nl Community Relations Council
The Executive Office
Halifax Foundation Nl
Totsls 2026
338
IS￿11
14.981
89,419
5,0(KJ
109.401
14,981
89.419
5,000
109.401
5,000
21,149
Totals 2025
5.338
15.811
21,149
Ir-.
2026
2025
Unrestricted Restrirted
Funds
Funds
TOTAL
TOTAL
Fees Earned
Performance-related grants
Totals 2026
8.763
8,763
51,051
59,813
51.051
51,051
63,980
63,980
63,980
8,763
Totals 2025
63,980
Grants received, included in the above, are a5 follows:
2026
2025
Belfast City Council Capacity Building- Core Fundin8
BCC- Interface Engagement
The National Lottery Shared Futures- Planning Toolkit
51,051
50,420
5,500
8,060
63,980
51,051
4 Trustees remuneration & ex
nses
During the year, no trustee received remuneration 12025 - £NILI.
During the year. no trustee5 received any benefits in kind12025 - £NILI.
During the year, no trustees received a reimbursement of expen5e5 12025- £NILI.
16

BELFAST INTERFACE PROJECT
IPrNate Limited Company by guarantee without share capital use Of.￿Mited, exernptionl
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
NOTES TO THE ACCOUNTS Icontinued)
2026
2025
Gr05s Wages and Salaries
National Insurance Contribution
Pension costs
Movement on annual leave entitlement
89,071
678
4,107
70.438
2.210
3,684
50
76,382
93.857
No employee received emolument5 Qf more than £60.OCQ12025- £NILI.
The average monthly number of employees during the year. calculated on the basis of full time
equivalents, was as follows..
2026
Number
2025
Number
endfture
2026
2025
Charitable Activities
Unrestricted Restrirted
Funds
Funds
TOTAL
TOTAL
Salaries & pension5
Rent & service charge
Parking
Insurance
Telephone
Subscriptions
Equipment, IT
Stationery & Other office costs
Bank fees
Finance Costs
Governance costs
Other Costs
Halifax Foundation
Running Costs
Depreciation
Total 2026
213
93.643
15,606
93￿57
15.606
76,382
9,164
81
2.024
216
188
1,270
51
277
I,2￿3
397
5,000
40,498
359
160,810
81
1,049
1,836
530
1,028
254
217
275
2,698
1,445
216
188
1,270
51
277
1,200
397
40,498
359
161,024
213
95.658
Total 2025
27.592
68,066
95,658
17

BELFAST INTERFACE PROJECT
(Private Limited Company byguar3ntee without share capital use ol'Limited' exemption)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
NOTES TO THE ACCOUNTS ICONTINUED)
202
02
Prepayments & accrued income
Other Oebtors
1,255
20.172
21.427
5.625
5,625
2026
2025
Accruals & Deferred Income
Other Creditors
12.800
3,356
3,356
9 Inde
endent examiner's remuneration
The independent Examiner's remuneration amounts to an Independent Examination fee of £1,200
12025- £2.CK)O}
10 Related art transactions
There were no related party transactions during the year.
lis
at
ent
rrent
ear
Balance at
l April
2025
Income
Transfer
inlout
Balance at
31 March
2026
Expense
Restricted funds
Belfast City Council
Nl Community Relations Council
Halifax Foundation
The Executive Off ice
BCC- Shared Future5
Total restritted funds
51,051
14,981
5,0(Ki
89,419
{51.0511
114,9811
15,000)
189,4191
1359
(160.810)
719
719
360
360
160,451
Unrestricted funds
General funds
Total Unrestricted funds
(1,9591
11,959)
8.763
8,763
12131
12131
6.59)
6.590
Totsl of funds
{1,2401
169,Z14
1161,0241
6,950
18

BELFAST INTERFACE PROJECT
IPrivate Limited Company by ouarantee without share capital use of 'Limited' exemptionl
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
NOTES TO THE ACCOUNTS (CONTINUED)
12 Statement of funds -
ViOU5
Balance
at l April Income
2024
Balance at
31 March
2025
Expense
Other
gains/losses
Transfer
inlout
Restricted funds
Unrestricted funds
Total of funds
2,1(KJ
6,752
8J52
79.791
5,648
85,439
168,0661
(27.5921
95.658
{13,1061
127 13,106
127
719
1.9591
1240)
13 Tan
ible Fix
d Asset
Website
Equipment
Totals
COST
At l April 2025
Additions
Disposals
5,940
7.569
13,509
At 31 March 2026
5.940
7,569
13.509
DEPRECIATION
At l April 2025
Charge of year
Eliminated on disposals
5.940
6,851
359
12,791
359
At 31 March 2026
5,940
7,210
13,150
NET BOOK VALUE
At 31 March 2026
359
359
At 31 March 2025
718
718
19

BELFAST INTERFACE PROJECT
(Private bmitsd Company by guararrtee without Sha￿ capital use of 'timited' exemption)
TRUSTEES, REPORTAND FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
NOTES TO THE ACCOUNTS (CONTINUED
ensions
The charitable company operate5 defined contribution pension plans for its employees. The amount
recognised as an expense in the year was £3.86512025.' £3,684) in respect of its own contribution.
14 Nl Charities Pension Scheme Commitments
In respect of a former employee, the charitable company partiopates in the Northern Ireland
Charities Pension Scheme INICPSI, a funded multi-employer scheme which provides benefit5 to some
11 non-associated emp5oyers. The scheme is a defined benefit scheme in the UK. not contracted-out
of the State pension.
The NICPS closed to future accrual on 31 March 2CK)9. there is currently no intention to wind it up
and it continues in paid-up fomi.
It is not possible to identify the share of underlying assets and liabilities belonging to the individual
participating employers to enable them to account for the scheme as a defined benefit scheme.
Therefore. the charitable company accounts for the scheme as a defined contribution scheme.
The scheme is subjett to the funding legislation OLrtlined in the Pensions Art 2004 which came into
force on 30 December 2CQ5. This. together with documents issued by the Pensions Regulator and
Technical Actuarial Standards issued by the Financial Reporting Council. set out the framework for
funding defined benefit occupational pension schemes in the UK.
The scheme is classed as a "last-man standI￿g arrangement" Theretore, the company is potentiallv
liable for other participating employers. obliBation5 if those employers are unable to meet their
share of the scheme deficit following withdrawal from the scheme. Participating employers are
leBally required to meet their share of the scheme deficit on an annuity purchase basis on
withdrawal from the Scheme.
The Trustee commissions an artuarial valuation of the Scheme every three years. The main purpose
of the valuation is to determine the financial position of the Scheme in order to determine the level
of future contributions required so that the Scheme can meet its pension obligations as they fall due.
The actuarial valuation assesses whether the Scheme's assets at the valuation date are likely to be
Sufficient to pay the pension benefits accrued by members a5 at the valuation date. Asset value5 are
calculated by reference to market levels. Accrued pension benefits are valued by discounting
expected future investment returns.
20

BELFAST INTERFACE PROJEcr
IPrw3te Limited Company by guarantee wrf(hout share capital use of 'Limited' exemption)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
NOTES TO THE ACCOUNTS (CONTINUED)
13 Nl
Pension Scheme Comm.
nts
contin
For years in which a full actuarial valuation is not tarried out. an Artuarial report providing an
approximate update on the funding position is required by legislation.
A full actuarial valuation for the scheme was carried out at 30 September 2022 by a professionally
qualified actuary which showed assets of £22.8m {2019: £35.4ml, liabilities of £26m12019: £37.8m}
and a deficit of £3.2m {2019.. £2.4ml.
The results of the 2022 valuation resulted in a new deficit recovery plan to fund the increased deficit
of£3.2m which commenced on l October 2022 and will run until 30 June 2037.
The results of the approximate update as at 30 September 2024 show a55ets of £19.5m, liabilities of
£24.5m, representing a funding level of ￿. and a deficit of £5m.
To eliminate the funding shortfall, the trustees have agreed that deficit contributions will be paid to
the Scheme as follows..
From l October 2022 to 30 June 2037.. £625 pa (previously £625 pa). payable quarterly. Scheme
expenses rose to £631 pa from l October 202412023124: £338 pal. and are set to increase by 3% pa
each l October thereafter, until payments end on 30June 2037.
If the valuation assumptions are borne out in practice the agreed contribution schedule should be
sufficient to eliminate the past service deficit, on an ongoing funding basis. by 30 June 203712019.. 29
February20281.
The recovery plan contributions are allocated to each participating employer in line with their
estimated share of the scheme liabilities. In year ended 31 March 2026, the charitable company paid
deficit contributions of £62512025: £6251 and management costs of £640 (2025- £5761.
The death of the charitable company's former employee before 30 June 2037 will eliminate any
outstanding obligation.
Slnce the charitable company has agreed to a deticit tun(ling arrangement it recognises a liability tor
this obligation. The amount recognised 15 the net present value of the deficit reduction contributions
payable under the agreement that relates to the deficit. The present value is calculated using the
discount rate detailed in these disclosures. The unwinding of the discount rate is recognised as a
finance c05t and management costs as a governance cost.
21

BELFAST INTERFACE PROJEcr
(Private Limited Company by guarantee without Share catmtal use of 'Lirnited' exemption)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
NOTES TO THE ACCOUNTS (CONTINUED)
13
haritie
Pen
Scheme
mmitmen
ontinue
31-Mar-26
31-Mar-25
Present Value of Provision
5,351
5,740
Reconcifiation of Opening and Closing Provisions
Provision at the start of the year
Unwinding of the discount factor {interest expense}
Deficit contribution paid
Remeasurements- impact of any change in assumptions
amendments to contribution schedule
5,740
277
16251
{411
6.216
276
16251
11271
Present Value of Provision
5,351
5,740
The whole of the provision was attributable to unrestricted funds.
Income and Expendlture Impart
Interest Expense
Remeasurements- impact of any change in assumptions
amendments to contribution schedule
277
1411
276
11271
Management costs
640
576
Costs recognised in income and expenditure account
876
725
Assumptions
% per annum
5.29
% per annum
5.13
Rate of discount
The discount rates shown above are the equivalent single discount rates which. when used to discount
the future recovery plan contributions due, would give the same results as using a full AA corporate
bond yield curve to discount the same recovery plan contributions.
22