The Community Foundation Northern Ireland Flnanclal StateTnents For the year ended 31 March 2023 Charlty Commlsslon No: NIC 105105 HMRC Charlty Reference: XN 45242
OFFICERS AND PROFESSIONAL ADVISERS Registered ¢harity name The Community Foundation for Northern Ireland Charlty number NIC105105 HMRC Charlty Reference XN 45242 Raglstered offlco Communlty House Cityllnk Buslness Park 6a Albert street Belfast, BT12 4HQ Tru8teos Adrtan Johnston (Chalr) Rhyannon Blythe aoined June 2022) Gerard Deane (joined June 2022) David Gavaghan John Gordon Justin Kouame Uolned June 2022) Suzanne Lagan Sophle Long Shelley Martln (term ended March 2023) Davld Mccurley Mary McKee Claran Moynagh Caolan Ward ljoined June 2022) Jan9 Wlld Bankèrs AIB (Nl) Llmited University Road Belfast BT7 1NH Soll¢ltors Edwards and Company Solicitors 28 Hill Street Belfast BT12L4 Audltor Moore (N.I.) LLP Chartered Accountants & Reglstered Audltors Donegall House 7 Donegall Square North Belfast BT15GB Investment Managers Investec Wealth & Investment Limited 15th Floor, City Quay$ 3 92 Donegall Quay Belfast BT13FE Page 2
THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 CONTENTS Pages Report of the Board of Trustees 4-15 Independent Auditors, Report to the Trustees 16-18 statement of Financlal Actlvltles (Incorporatlng the Income and Expendlture Account) 19 Balance Sheet 20 Cashflow Statement 21 Notes to the Flnanclal Stat8ments 22-38 Page 3
THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 REPORT OF THE BOARD OF TRUSTEES The Trustees are pleased to present their report together with the financial statements of the charity for the year ended 31 March 2023. STRUCTURE, GOVERNANCE and MANAGEMENT The Communlty Foundatlon for Northem Ireland (tho Foundation) was established under a Trust Deed and was Incorporated In 1979. The Foundation Is accepted as a charity by HMRC under reference XN45242. The Foundatlon Is reglstered as a charlty wlth the Charity Commlsslon for Northern Sreland (NIC105105). The Trustees of the Foundatlon for the year ending 31 March 2023, who have all been truste85 for the whole year ended on that date, except as noted below, are listed on page 1. The Trustees expressed their appreciation to Shelley Martln who stepped down from th8 Board in March 2023, after serving two terms es a Trustee and member of the Grant-maklng Sub.Commlttee. The Trustees were dellghted to welcome four new Trustees to the Board in June 2022- Rhyannon Blythe, Gerard Deane, Justin Kouame and Caolan Ward. The Foundatlon Is admlnlstered by a Board of up to 14 Truste8s who are assisted In thelr work through t0 standlng commlttees (the Flnance end Resources Committee and the Grant-maklng Commlttee) whlch Involv8 Trustees and external co-opted members. In addltlon, a number of Selectlon Panels ar8 involved In the d8¢islon-making process wlth regard to the award of grants. Advlsory Panels also meet regularly to support our programmes. These panels norma15y comprise a signiflcant number of volunteers from other organlsatlons and backgrounds who brlng speclflc knowledge to the process, including those wlth lived experlence of the issues we are trying to address. Each of the sub-commlttees reports dlrectly to the Board. whlch approves all major strategic declsions and has overall responslbility for all the Foundation's activltles. All Trustees and Advisory Panel members servè In a voluntary capacity. Th8 Chlof Exècutlve, Rolsln Wood, manages tha day-to-day operatlons of th8 Foundatlon with support from the 58nlor management team and wlder staff team. Trustee•selectlon, appolntment and competgnce When Trustee vacancles arise, we advertlse these on our webslte and vla soclal medla. We also conslder recommendatlons from existlng Trustees. The Nomlnatlons Committe8 (a small group of Trustees plus the CEO) is appolnted by the Board to Interview potential candidates for the role of Trustee and lo brlng a shortlist of reGomm6ndalions to the Board for declslon. Candidates are considered In the context of skllls, dlversity, geographlcal and sectoral balance. Trustees are appolnted for a term of 3 years (renewable for a further 3-year term). All Trustees participate in an annual appralsal wlth the Chalrperson of the Board. Thls Involves an annual revlew of the Trustee's own performance and the performance of th8 Chalrpgrson and the Board. The Vice-chairperson carrf8S Out the appralsal ofthe Chalrperson. The Board conducts an annual revlew of skills and diverslty needs and malntaSns the personal competence of Board members through relevant tralning. Trustee Inductlon and Tralnlng New Trustees reGelve a comprehensive Induction pack whiGh Includes the Foundatlon's GovemanGe Manual, Th8 manual provldes details on policy and practlC8; the Foundatlon's strategy, alms and activltles; management and governance and what is expeed of Trustees under charity law, wlth referenGe to the Charitles AGt8 (2008 & 2013). New Trustees are also provided with opportunlties to meet stsff and grantees to learn about the work undertaken by the Foundation. AIMS and OBJECTIVES The Community Foundation for Northern Ireland Is a Ioc81. independent charitable foundation. connecting people who care with causes that matter. We help communities in need. drive social change and change lives, through impactful grant-making. research. strategic partnerships and delivering innovative programmes. Supporting bespoke giving and providing philanthropic advice we are a trusted, secure means through which donors Choose how, when and where to give and we provide a range of management and grant-making seNices for charitable funds. Page 4
THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 REPORT OF THE BOARD OF TRUSTEES Vision Our vision is a peaceful, shared and socially just Northern Ireland. Mlsslon To connect people who care wlth causes that matter. In a soclety where everyone can prosper and Ilve In peace; we encourage and support those who want to give and empower the loGal communlty to effect change. Strategy and Key Objactlves The Board approved a flve year strategy In March 2019, covering the period Aprll 2019 to March 2024. We ar8 commltted to being true to our values of Generous, Thrlvlng and Together and to continually adapting to meet our community's needs. We believe that Involves worklng on the following prlorltles,. Insplrlng Generoslty: In a sector heavlly rellant on publlc fundlng, there Is a gap In the market for an organisation to Increa58 the amount and effectiveness of phi18nthroplc donors. As well as supportlng communities, by glvlng and connection to charltable causes, changed attltudes amongst donors can change soclety. Over 5 years we aim to rals8 £33m of new funds to support Nl communities; AGhleving Impact - Bulldlng sustainable communltlas: Local community organisations have untapped potential to brlng peace and social Justlce, that could be unlocked by access to more resources. new approaches, relatlonshlps, skllls and technologles. We want to enable a stronger community sector equipped to face today's challenges; Achlovlng Impact- Communlty Volcg: Publlc trust In government and polltlcs is gxtremely low and there are few Opportunities for pgopl@ to Influence th8 declslons that affect thelr Ilves - wlth the rlght support clvll soclety can change thls by relnvlgorating clvlc particlpatlon and pushlng for deeper democracy. We wlll support communities to find their volce and use11; Achlevlng Impact Thrlving after the confllct: The conflict Is stlll actively affecting the Iiv8s of somg communities, Indlviduals and families. We will enable communllles who are stlll suffertng from the effeGt3 of the Gonflict to challenge Ihe underlying causes of confllct, divislon and disadvantage In thelr areas., AGhlevlng Impact - Poople on tho Edgo: There are stlll groups of peoplg who soclety overlook., partlcularly refugees and asylum seekers, travelers and the more vuln8rable LGBTQ communltles. We wlll work towards a safer Nl for those most marglnallsed and vulnerable (startlng wlth refugees and asylum seekers, and then the vulnerable LGBTQ+ and travelllng ¢ommunlty). Grantvrnaking Pollcy As a grant-maklng charity, ourfocus Is to make grants that help support important causes In Northern Ireland, We manage grant funds from a range of donors and funders, and we Ilsten to thelr vlews on how they want their funds to be used. Our grant making Is underpinned by our own values and experlence. Our grant processes set out the declslon-maklng authority for different funds and ensure that all grant epplicants 8re treated fairly and equltably. We have further developed our commltment to maklng grants In a way that reflects the realltles faclng VCSE organis81ions, now, and for the foreseeablefuture. We sit on the IVAR (Institute forVoluntaryAction Researchy Steering Group which encourages funders to adopt flexibility and a more open and trusting approach to grant making. We have listened to what ourgrantees are telling us through our Grantee Network. in particularwhere they have said that they have a need for longer tem funds which Include some non-presGriptive funding to support their core costs. We are trying to embed this in our funds and encourage other funders to do the same. We use specific grant-making criteria for each fund to ensure that grants awarded support the furtherance of the Foundation's charitable objectives., make the best use of our resources and have maximum impact. Page S
THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 REPORT OF THE BOARD OF TRUSTEES Publlc Benefit The Community Foundation for Northern Ireland provides grants and communlty development supportto local communities to enable them to address issues of socialjustice. All grants are awarded on the basis ofevidence that the funding will have a posltlve impact on the local community and the benoficiaries. The preventlon or rellef ot poverty: Grants to dlsadvantaged communlties will provlde support and facilities In these areas, providing local people wlth Improved access to benefits advlce and support and tralning to develop their skills to galn employment. Thg advanGement of oducatlon: Grants to individuals and organisations wlll enable them to access training and skllls to develop thelr learning and Improve thelr employment prospects. The advancement of health ortha savlng cf Ilves: Grants to organlsatlons wlll enable IoGal people to access actlvltles such as physlcal activitles and healthy eatlng awareness programmes that wlll Improve thelr health and well-belng. The advancement of ¢ltlzanshlp or communlty development: Grants to communltles will brlng local people together to develop facilities and servlces In their local area that will improve thelr well-belng and social inclusion. The advancement of tha arts, culture, herltagè or selonce: Grants to Indlviduals and organisations wlll enable peopl8 to access the arts and t8ka part In muslc, drama, craft workshops and other aGtivitie8 that wlll Improve thelr soclal Incluslon, skllls and well-belng. The advancemgnt of human rlghts, confllct resolutlon or reconclllatlon or tho promotlon of rellglous or raclal harmony or equallty and dlvgrslty: Grants to organisatlons wlll enable thes8 organisations to address Issues of soclal lustlce and human rights In thelr communitles and engage in capaclty building to address contentlous Issues In interface communltl8s. This will Improve the safely and well-being of local people. The rellef of thos8 In need by reason of youth, age, 111-health. dlsablllty, flnanclal hardshlp or othar dlsadvantago: Grants to Indlvlduals and organlsallons will enable local people to access support and activltles which address thelr needs, thus reducing thelr Isolatlon, Improving thelr soclal incluslon and well-being. The above beneflts are demonstrated through research, feedback and evaluatlons taken from our donors, fundgrs and grantees and the general communlty. There15 no harm or potential for harm as a resuSt of our purposes. Network and other r•lationshlps The Community Foundatlon Is active in the Northern Ireland Funder Forum, Philanthropy Ireland and the UK Community Foundatlons neork as well as belng a member of the ACF (Assoclatlon of Charltable Foundations) and FFP (Foundations for Peace). The Community Foundatlon believes that active involvement In both local and Internetlonal neOrkS provldes Important shared learnlng as w811 as reclproGating the support that Northern Ireland has gleaned from International Interest and donors over past years. Rlsk Management The Trustees have a rlsk management strategy whlch comprises.. identificatlon and regular review of the rlsks the Foundation may face. the establishment of systems and procedures to mitigate those risks identifled In Ihè plan; the implementation of procedures designed to minimise any potential impacton the Foundation should those risks malerialise. Page 6
THE COMMUNif< FOUNDATION FOR NORTHERN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 REPORT OF THE BOARD OF TRUSTEES The Trustees have identified the following risks and have action plans in place to manage the risks. Failure to deliver Gommunity impact through our grant-making; Fallure to retain and attract new donors; Fallure to listen to communltles and understand community needs., Inadequate or IneffectlV8 goveman¢e structurey and strategy; Fallure to comply with leglslatlon; Ineffective or IneffiGient management of resources., • The Impact of external factors such as the pandemlc and ¢limate Ghange on our activitles and our beneflclarles. The task of monltorlng the Foundatlon's flnanclal control systems and procedures Is delegated to the Flnance and Resources Commlttee. CHARITABLE ACTIVITIES, ACHIEVEMENTS and PERFORMANCE We are a grant-maklng charlty wlth a focus on maklng grants that help the most marglnallsed and vulnerable people In Northern Ireland. We provide SUPPOrt to communltles in Northern Ireland through small and large revenue grants across a range of themes and Issues, as well as providlng grants and Support to communlty groups through a range of different grant-maklng and support models. D8tall8d bèlow are some of our achlevemènt8 and Impact during tha past year. OurTeam We ar8 lucky to hav8 a fantastlc team of stsff who are passlonate about maklng a difference to Ioc81 pgople In Northern Ireland and to livlng our values of Generous, Thrlving and Together. We are contlnulng to devalop our culture of workplace wellbeing and encourag8 our staff to have a posltlve work-llfe balance and to prloritise thelr health and wellbeing. Our staff team has grown over the past year, and wg werg delighted to welcome these new staff to Join our loyal and committed team. Cllmata Actlon As a slgnatory of the Assoclatlon of Charitable Foundatlons, Funders Commltment to Climate Change, we have continued our work on Glimate action, as detalled below: Commltment 1: Educata and Learn .Wgwlll make opportunltlesfor ourtrustees, Staff and stakeholders to laarn morg about tho key causes and solutlons of cllmata change. In 2022123, some of our team undertook trainlng facilitated by the European Community Foundatlons with strong focus on how communlty foundatlons become part of the solution to the Cllmate Crisis. In additlon trustees, staff and wider stakeholders were given the opportunity to Increase their learnlng and understanding on cllmate change at a very local level through our Clvlc Innovation Programme, which Included two projects wSth a fo¢us on climate Issues. Commltm8nt 2: Commlt Resources . We wlll commlt r•sourcas to ac¢olarate work that addresses tha causes and Impact$ of cllmata chang•. In 2022123, we contlnued to develop our staff Climate Action Working Group and developed a Cllmate Actlon Plan which was approved by our Trustees. This is now b¢ing rolled out over the next three years. We have secured external funding and committed some of our own resources to dellver the Acom Farm, a five year programme to develop a unique urban growing space within the City of Dery. The programme is being delivered by several partners and will include a series of geodesic dome growing spaces in St Columb's Park. It will become an iconic eco-tourism and visitor destination as well as a focal point for local community climate action and food growing, provide horticulturalist support, programme community engagement and offer formal and informal learning opportunities. Pag¢ 7
THE COMMUNiff FOUNDATION FOR NORTHERN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 REPORT OF THE BOARD OF TRUSTEES We are also supporting climate action through a number of Community Benefit Grant Funds. supported by local Windfarms, by encouragin9 applicants to consider projects that support renewable energies, energy efficiencies and energy poverty. Commltment 3: Integrate - Withln all our oxisting programme$, prloritlas and pro¢ossas, wo wlll seak opportunitles to contributa to a falr and lastlng transltion to a post carbon socioty, and to support adaptatlon to cllmato change lrnpacts. In 2022123, we approved a Cllmate Justice Action Plan which is part of our new strategy, Govering the next three years. We have contlnued with hybrid working to reduce staff Gommuting to the office. Commltment 4: Steward ¢ur Investments for a post carbon future - We wlll recognlse Qllmata ¢hango as a hlgh-level rlsk to our Investmants, and th8roforo to our mlsslon. We wlll proactlvely address tho rlsks and opportunltlos ot a transltlon to a post carbon economy In our Investment strategy and Its Implementatlon, recognlslng that our declslons can contrlbute to thls tran8ltlon belng achleved. In 2022123, we have continued to develop and Implement an elhlcal Investment pollcy, wlth negallve screenlng against fossll fuels, In addition to other ethical restrictions, and posltive screen5ng to actively Invest in green energy and sustalnable Investments. Commltment 5: Décarbonlse our operatlons - We wlll take actlon to mlnlmlse the carbon footprlnt of our own oparatlons. Following a gradual part-tlme return to the offlce, we havè yet to make progress on thls18suo. Now that we have establlshed a hybrid working pollcy, we wlll prlorlllse an assessment of ourcarbon fDotprlnt In our 2023124 plans. Commltment 6: Report on progress - W6 wlll rgport annually on our Progress agalnst the flve goals Ilsted above. Wo wlll contlnuo to dgvelop our practlce, to learn from others, and to share our laarnlng. We report annually to ACF on our progress and attend the ACF Cllmate Actlon s&mlnars to engage wlth and laarn from other Foundatlons on thelr Gllmate actlon. In 2023124, we plan to add our cllmate actlon plans and progress reports lo our website. Grant-maklng We contlnue to receiv8 a high number of appllcatlons to our funds and recelved 1582 appllcatlons thls finanGlal year. 304 of these appllcatlons were from new applicants. We awarded 783 grants totaling £8,326,037 • Our average grant was £10,594 Our fundlng breakdown outllnes how our fundlng has led to, or wlll lead to the followlng outcomes., £35,000 improved health (physlcal I mental l emotlonal) £1,494,360 improved access to Gommunlty Infrastructure and resources £2,035,825 Improved access to S8rvic85 and support £37,267 Improved aspirations for the future £108,402 Improved communlty coheslon £178,830 improved community facilities £5.000 improved economlc wellbeing £1.369.282 improved mental health and wellbeing £116,690 improved nutrition £102,892 improved or expanded local environment andlor public space £30.999 improved perception and feeling of safety in local area £671.811 improved physical health and wellbeing £592,150 improved promotion of human rights and equality Page 8
THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 REPORT OF THE BOARD OF TRUSTEES £58.816 improved social networks £51.974 increased community leadership and advocacy £17,264 increased community resilience £45,205 increased conservation of loGal natural spaGes and heritage £122,869 increased creativity £27,959 InGreased digital incluslon £190,325 Increased educatlonal attainment £5,000 in¢reased knowledge of legal processes and rlghts £22,799 Increased Ilteracy andlor numeracy skllls £15,900 increased organisatlonal capacity and expertise £20,000 Increased organls8tlonal sustalnabllity £164,535 Increased partlclpatlon in arts, culture and herltage • £10,100 Increased practlcal skllls £9,000 inGreased support for people with speclflc needs to Ilve Independently £119,470 Increased understanding of community issues and priorltles £3,361 Increased volunteerlng and soclal action £5,000 reduced carbon footprint (l.e. waste, emlsslons, energy) £281,459 reduced food and fuel poverty £75.000 reduced16vely of hom818ssness for Indlvldual people • £74.219 reduced levels of loneliness for Individual people £5,000 reduced offendlnglantl-soclal behaviour £170.274 roduc8d soclal Isolatlon £52.000 reduced stigma and discrimlnatlon For those prolects that completed durlng 2022-23 our actual ImpaGt is., 5.934 people Improved access to communlty Infrastructura 1,363 used more su$lalnable transport systems 5,844 Improved access to S8rvices and support 105 ar& on the pathway to self-employmgnt 178 felt better prepared for work 21,601 people participated In projects that improved communlty cohesion 3,727 increased awareness and understandlng of other cultures • 3,022 were able to have 8 say In deGisions that affect them 13,961 felt an increased sense of belonging in thelr Gommunlty 13,857 had improved aGGess to community facllltles 51 new communSty facilitles were created 2,688 hours of respite were provided 5,435 reported suGcessful treatment for mental health 3,575 reported a reductlon in stress and anxiety • 8,482 reported slgnlficantly Improved mental wellbelng 3,198 had increased resilience 6,874 reported Increased self esteem 481 people roported better access to healthy food 33 hectares on natural space were maintained or improved 22 hectares of natural space were restored or created 2,453 Number of people reporting increased awareness, understanding and support for conservation 14,874 reported improved physical wellbeing 4.039 participated in sport or exercise 1,190 people participated in programmes to promote human rights and equality 20,088 reported improved social networks 5.373 reported they felt less lonely Page 9
THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 REPORT OF THE BOARD OF TRUSTEES 6 independent research papers were developed 347 people took action in a campaign 113 organisations worked in Gollaboratlon 5,623 reported increased skills and knowledgo 260 people felt more digitally included 11,297 Increased parti¢ipation In arts, culture and heritage 206 work or volunteertng opportunities were developed in the arts sector • 25 people wlth specific needs were able to seek support to enable them to Ilve Independently • 402 people reduced thelr carbon emisslons 3,579 felt reduced food poverty 959 felt reduced fuel poverty • 50 evlctions were avolded 200 people moved from street homelessness to sheltered housing 11.934 felt less lonely 27,909 felt less socially Isolated 578 felt they faced less soclal stigma and dlscrlmination We have been taklng a collaboratlve approach to grant making alongslde govemment bodles, other funders and stakèholdèrs, to ensure fundlng Is reachlng thg rlght peop18 at the rlght tlme. Wg appreciate the support we have rec8lved from th8 local communlty and our grant eppllcants and grantees over the past year and thelr recognition of our flexlblllty and support as a trusting funder. Insplrlng Goneroslty We continue to encourage donatlons and new funds towards the causes, people and places that need It most. supportlng phllanthropic long- and medium-term Investments In local communltles. Hugh thanks to all our partners and funders without whom. achievements would not be posslble. Thg hlghllghts over the last year were: New endowment and revenue fund Income for the community and voluntary sector, Including slgnlflcant new Investments In Mid Ulster, In Homelessness and in food sustainablllty and Climate aGtion through the launch of our DerrylLondonderry AGorn Farm proleot; • New opportunltles progressed In partnership wlth Indlvlduals, corporates and charltable trusts, inGluding cross border partnershlps with AXA, RTE Toy Show and the All-lsland Fund where we brought 30 partners together In Septemberwith Community Foundatlon Ireland., We Invested further in both communi¢atlons and fund development, recrultlng a Fund Development Manager and a Communlcations Manager. During the perlod all social platforms, broadcast and print medla saw an increase In reach, engagement and followers and we further Increased our voice, advocating for thg sector post covld and through the cost-of-llvlng crisls; The 3rd Phllanthropist of the Year award went to Mrs Angela Moore for her support for educatlon and young people in Nl. Thls annual recognition In partnership wlth IOD is awarded by our phllanthropy neOrk whose work Is hugely important durlng these financlally challenglng tlmes for our sector; We contlnued our legaGy match fund sGhem8, rolllng thls out and promotlng It to professlonal advlsors across Nl. A total of two new gifts in wills were pledged to CFNI during the perlod; A series of capacity bulldlng resources for phllanthropy Includlng dlgital fundralslng, maklng soclal enterprise work, trusts and foundations fundraising, managing finances and corporate partnerships were developed for the sector and are available on our website. Looking ahead and playing our part in advocating for funders and the sector, we contributed to charity commission consultations. liaised with our colleagues in the Nl Funders Forum. the Association of Charitable Funders and UK Community Foundations where we are members and benefit from training and leaming. Working in partnership with the Department of Finance and Department for Communities, we organised and attended many network and leadership meetings, including an innovation lab on Digital Inclusion to progress our research into digital needs in the sector and Dormant Assets. where we consulted on need. Page 10
THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 REPORT OF THE BOARD OF TRUSTEES Building sustalnable communities We ¢ontinued with our Climate Justice subgroup and developed a Climate Justice Action Plan. We will continue to refine this and work on our climate pledggs. Climate AGtion is a key priority area for the Foundation over the course of its 2023-2026 strategy. Mi¢ro-Communlty Investment Fund (In partnership with Bank of Ireland) contlnued to t8St the Assets Based Approach to grant appllcatlons, assessment and development, changlng the narratlves of how communltles are described In a normal deficiuissued based approach. Communlty Volco Houslng & Homelessnoss Innovatlon & Vol¢a Programme - to date, seven project teams have partlclpated In the creative problem-solvlng workshops to support Idea generatlon for posslble solutlons to Female Homelessness, Homelessness affectlng asylum seekers and refugees and Early Interventlon. The Programme Steerlng Group revlewed the programme through a participatlve evaluatlon process facilitated by the external evaluator. This helped In developlng a pathway for the urrent phase of the Programme. An event focused on fostering collaborallon around the Issue of houslng and homelessness was or9anlsed In partnership with Houslng Rights. Puttlng tha ME in HOME and the US In Housing was held on Wednesday 26th October 22 in Belfast. The event was attended by over 100 peoplo representing 30 organlsations from across the Voluntary Communlty SoclaS Enterprlse sector and publlc s8Ctor representatlves includlng the Dept for Communities, the Northem Ireland Housin9 Executlve, and people wlth Ilved experience. A new adapted Innovatlon programmg. wlth Increased support for project teams to èngag8 In th8 procgss. was devoloped wlth the CFNI teams. Workwost and Communlty Places. Tho addltlonal support Included more workshops and tralnlng on setting outcomes and preparlng a pltch. as w611 as advlce and support from the Programme officer throughout the proc8SS. 10 project tgams w8r8 recruited to partlclpate in the programmo and all teams partlclpated In tho creative problem-solvlng procgss across 2 cohorts In both Belfast and Coleralne. 9 teams Completed all workshops and 8 teams applled for the Se8d Fund grant. The Steering group declded on a Partlclpatory Budgetlng (PB) process for the allocatlon of Seed Fund awards. The event will be the largest PB event In Northern Ireland and will take plaGe on 20th July 2023. Techles In Resld•nce- We carried out further research on the digital needs of the VCSE sector and launched our Wlred-up report. Thls report has fomied the basis of our approach to dlgilal incluslon and galvanisèd funders, tech providers and the communlty sectorto collaboratively address the needs ofthe VCSE sectors. We hope to launch some fundg and programmes In this area over the course of our 2023-2025 strategy. Page 11
THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 REPORT OF THE BOARD OF TRUSTEES Civic Innovation we held a celebration event in October 22 for the Civic Innovation programme which came to an end in March 2023. In total the programme supported the development of 7 collaborative projects to address a range of democracy related challenges. bringing those affected most by the Issues Closer to declsion making processes. A wlde range of issues were supported, such as sustainable food systems, Gommunlty planning and local declsion making, spatial planning and placemaking, educatlon reform, envlronmental plannlng, language and culture, criminal JustiGe reform, social welfare and lo¢al community partlclpallon and declslon maklng. We were also delighted that the programme won a UK Award for Civic Innovation. Thrlvlng after the Confll¢t Worklng with the Intemational Fund for Ireland through the Peace Impact Programme, we Gontinue to support communlty groups and organisatlons In areas and communltles within Northern Ireland, where tensions ramaln hlgh at tlmes; Our Grassroots Leadershlp Programme entered Its flnal year. Over the course of the programme 42 activlsts from 34 ¢ommunlty-based organlsations completed the programme. In addition: Over 700 one to on8 mentorlng sessions provlded to partlclpants to asslst with leadershlp dev8lopment and support them to OV8rcome challenges local communltles are faclng. Five Level 7 Leadershlp and Management qualiflcatlons and 33 Level 5 Leadershlp and Management qualifications completed. 38 Leadershlp In Actlon pro]eGts developed addresslng 8 range of communlty Issues. 5 people moved to the Soclal Changa Initiatlve's middle leadership programmè. Host of olher lead8rship development 5UPPOrt provlded includlng th8 importance of self-Gare to activlsm, developing grant proposals. publlc speaking and presantlng, Fourslght (creative problem solvlng}. leadershlp types and styles. conflict management. In November 22, w& held a major conference for women, the Nothlng About Us Wlthout Us event saw over 200 dlverse. grassroots womgn from across Northem Ireland convene to talk about the needs ofwomen notjust today. but in the future. The conference saw a call to actlon for an All- Women's Health Strategy for Northern Ireland, bringlng us Into Ilne wlth other UKlurisdlctlons. We aim to bulld on this call to actlon throughout 2023. Under the Social Justlce Fund we supported 19 projects to the value of £118k. We ¢ontlnued our work under the Human Rlghts Fund and developed plans to relnvlgorate and re- energlse the fund. We are exclted to see our plans roll out over thg next 3 years. People on the Edges W8 contlnued our commltment to worklng with the most disadvantaged people In Nl, and becomlng a more dlverse and incluslve organlsatlon and were dellghted to receiv8 a Bronze Award for Diverslty from Dlverslty Mark. We wlll continue to develop our work in thls area. We contlnued to support fledglng organlsatlons to develop their c8paGity and confidence through our New Volces programme, supported by the Gartleld Weston Foundation. Flnanclal Ravlew and Rasults The Foundatlon recelved Incom8 from a varlety of sources, includlng other Foundatlons and Trusts, private donors and the statutory and prlvate sectors. In addition the Foundation utilises some of the Income from its (Invested) endowment funds to meel some of Its core ¢ost5. In 2022123, the princlpal sources of income came from the Department of Health, Comic Relief, Community Foundation Ireland (for all Island related partnerships), International Fund for Ireland, Oak Foundation, Porticus, The Sigrid Rausing Trusl, private individuals and UK Community Foundations. The Statement of Financial Activities on Page 19 indicates that the Foundation had income of £4,432,592 which was exceeded by expenditure of £14,674,797 by £10,242.205. Losses on investments were £902.734. Page 12
THE COMMUNiff FOUNDATION FOR NORTHERN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 REPORT OF THE BOARD OF TRUSTEES The Balance Sheet on Page 20 shows that the Foundation had total funds of £39.060.196 at 31 March 2023 (2022- £50.205.135). Unrestricted funds available to the Foundation at the Balance Sheet date totalled £922,982 (2022: £957.048). Unrestricted funds include £33,886 of designated funds. Restricted funds amounted to £18,738,569 (2022.. £26,944,700). The Foundation's copital endowment funds were £19,398,645 at the year end (2022: £22,303,387). Inve$tm•nt Pollcy and Perfomianca The Investment objectlve for the maln portfollo Is to generate a total return of 5.50/0 per annum over the long term, after Investment management fees. In 2022-23, tha total retum after Investment management fees was 0.60/0 (2022: 80A>. It has been a dlfficult year for Investments due to world and economlc events. Whlle our Investment returns have be9n lower than our target, Trustees are content wlth the Investment strategy that we have In place and review thls regularly with our Investment managers. Our endowment funds are Invested in perpetulty and therefore we take a long-temi vlew of Investment returns. Overthe pastflve years, our average annual return has been In line with the target. The Trustees have wide investment powers and retain overall responsiblllty for the management of the Foundatlon's Investments. The Trusta8s have delegated authority to the Finance and Resources sub- commlttee to: Dev8lop and propose an Investment and Expenditure Pollcy to Trustees. Define an asset allocation pollcy for the investments. Overse& and approve Investment declslons concernlng the Foundatlons capltal reserves. • R8view the performance of the Foundalion's Investments and report to Trustees regularly. The Foundatlon utilises the servlc85 of sultably qualified and experienced Investment Managers to manage Its investment portfolio and to provlde advico and edmlnistratlon servlces in relatlon to investments. However, th¢ Trustees recognlse that wa arg ultlmately r8sponslble for the management of the Foundatlon's investments. Th8 Foundatlon requlres tha Investment Managers to carry out n8gative screening and avo5d inv8stm8nts in armaments, alcohol. fossll fuels, human rlghts abusas, tobacco and pornography. Th@ Trustees also requlre the Investment managers to carry out positive screenlng, i.e. Investlng in companles that show leadershlp In product ¢eslgn, employe9 pollcles. environmental prot8Ction, human rights or other practlces. The Investment Managers are also required to conslder the reputallonal risk in relation to the Foundatlon's ethos and mission, and draw any such potential reputatlonal risk to Trustees, attentlon. Resorv•s Pollcy The Truste85 take a rlsk-based approach to settlng our reseNes requirements for the following year. Income projections are considered In terms of value and certalnty. Income that Is deemed hlgh or medlum risk is "uncertain and Is therefore provlded for in our reserves. If we do not meet our Income targets for high and medlum rlsk income for 2023124, we have Identlfled th8 shortfall In fundlng that may exlst and deslgnated £220,000 from our Community Foundation Endowment Funds as a general reserve to cover the next yearfs expendlture requlrements. The balance on unrestrlcted reserves at the year end was £922,982. This Includes a deslgnated fund of £33,886 to meet the cost8 of redundanGy payments In the event of staff on fixed temi contracts belng made redundant. The balance of unrestrtcted funds once thls designated fund is deducted Is £889,096. These funds have been ear-marked for unrestrlcted grant-making and a number of projects over the next years. Reserves Pollcy- restrl¢ted funds It Is the Policy of the Trustees to hold any funds received for a specific purpose as restrfcted funds. Page 13
THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 REPORT OF THE BOARD OF TRUSTEES Reserves Policy- Capital Endowment Fund It Is the pollcy of the Trustees to hold the capital fund as a restricted fund with the aim of ensuring a suitable future income stream to finance the ongoing work of the Foundation. The capilal fund is represented by a portfolio of Investments in equities, bonds, managed funds, property and cash products. During 2022123 we launched a match funding Inltlative to support legacy donations to the Foundation. We have ring-fenced matGh fundlng of £300,000 from our endowment for the legacy match funding Inltiative. To date (March 2023), we have designated £100,000 of the match fundlng towards £500,000 of future donatlons In wllls. Thls is shown In the aGGounts as 8 designated endowment fund. FUTURE PLANS We carrled out the revlew of our 2019-2024 strategy and th8 development of our new strategic plan a year early. Thls was completed In March 2023 coverlng our work for the next three years and wlll be launched in early 2023124. We wlll be working hand In hand with communities to build a better future through ambltlous but achlevable targets. The key strateglc prtorltles for the next thr88 years are: engaglng and support communities; drlvlng equity, dlverslty and incluslon; improvlng wellbeing. We wlll, with passlon and integrlty, continue to; Bulld our financlal sustainablllty vla diverse Income streams and ethlcal inveslments; Develop open, trust-based, Innovatlve and agile grant-maklng proces$es; Support donors and fundgrs to develop thelr plans for glvlng. We have launched a grant-making strategy built on the princlples of; Worklng collaboratlvely to influence poliGy; Advocatlng for communities; • Using Impact and knowledge to inform policy and practice. We wlll contlnue toworkwlth existlng donors whetherlhey are Indlviduals, corporates, statutory bodies or other foundatlonslfunding bodles. We would like to take this opportunity to thank all our donors and partners for their continulng support in 2022123. We look forward to welcomlng new donorslfunding partners, strategi¢ partners and grant appllcants over the coming year. Rosponslbllltlas of the Trustees In ralatlon to tha financlal statements The Trustees are required to prepare flnancial statements for each year whlch give a true and falr view of the state of affalrs of the Foundation at the year end and of the results for that period. In preparing those financlal statements the trustees: Select suitable accountlng policies and then apply them consistently., Make judgements and estimates that are reasonable and prudent; state whether applicable Accounting Standards have been followed, subject to any materlal departures disclosed and explained in the financial statements; Prepare the financial statemenls on the going concern basis unless it is inappropriate to presume that the Foundation will continue in being. Page 14
THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 REPORT OF THE BOARD OF TRUSTEES The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial posilion of the Foundation. The Trustees are also responsible for safeguarding the assets of the Foundation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Audltors Tenders for the provision of audit servlces are nomially sought every five to slx years. A tender process was carried out In 2018 which resulted In Moore (N.I.) LLP {formerly Moore Stephens {Nl) LLP) belng appolnted es auditors untll March 2023. A new tender proc8ss will bagin in 2023124 for the appolntment of audltors from April 2024. On behalf of the Board of Trustees rlan Johnston (Chairperson) Page 15
THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND Opinlon We have audited the accounts of The Community Foundation for Northern Ireland forthe year ended 31 March 2023 which comprise the Statement of Financial Activities. the Balance Sheet, the Statement of Cash Flows and the notes lo the accounts, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation Is applicable law and United Kingdom Accountin9 Slandards, Including Financial Reporting Standard 102 The Finan¢ial Reportlng Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accountlng Practice). Oplnlon on Flnanclal Statements In our oplnlon: the financlal ststements glv8 a true end falr vlew on the state of the charity's affalrs as at 31 March 2023 and of Its Incoming resources and appllcatlon of resources Includlng Its Income and expendlture for the year then ended., the flnanclal statements have been properly prepared In accordance wlth the Flnanclal Reporting standard appllcable In the UK and Republic of Ireland (FRS 102) {8ffectlve 1 January 2015> (Charltles SORP (FRS 102)), the Flnanclal Reporting Slandard appllcable In the UK and Republic of Ireland (FRS 102); proper a¢¢ountlng records have been kept by the charlty throughout the perlod. Basls for oplnlon We conducted our audit in accordance wllh International Standards on Audltlng (UK) (ISAS IUKI) and appllcabl8 law. Our r8sponsibiliti8s und8r those Standards are further descrlbed In tha Audltorfs r8sponslbllltl&s for the audlt of the accounts secllon of our report. We are Ind8P8ndent of the charity In accordanGe with the ethical rgqulremènts that 8r& relevant to our audlt of th8 accounts In the UK, Including the FRC'S Ethical Standard. and w8 have fulfllled our oth8r ethlcal responslbllili85 in accordance with these requlrements. Wo believe thatthe audit evldence we have obtained is sufflclent and appropriate to provlde a basis for ouroplnion. Concluslons relatlng to golng concarn In audltlng the financial statements. we have concluded that the Trustees. use of the golng concem basls of accountlng In the preparation of the financlal statements is approprlate. Bas8d on the work we have performed, we have not Idenllfled any material uncertalntles relatlng to events or conditions that. indlvldually or collectively. may cast slgnlficant doubt on the charity's abllity to continue as a golng concern for a perlod of at least twelve months from whgn tha flnanclal statements are authorls8d for Issue. Our responslbilities and the responslbllltles of the Trustees wlth respect to golng concern are descrlbed in the relevant sectlons of thls report. Other Informatlon The Trustees are responsible for the other Informalion. The other Information comprlses the informatlon included in the annu81 report, other than the accounts and our audltor's report thereon. The Trustees are responsible for the other information. Our oplnlon on the accounts does not cover the other informatlon and, except to the extent otherwise explicitly stated In our report, we do not express any form of assurance concluslon thereon. In connectlon wlth our audlt of the accounts, our responslblllty Is to raad the other informatlon and, In dolng so, conslder whether the other Informatlon is materlally Inconslstent with the flnanclal statements or our knowledge obtalned In the audit or otheISe appears to be materlally misstated. If we identlfy such mat8rlal inconsistencles or apparent material mlsstatements, we are requlred to detemlne whether there Is a material misslatement In the accounts or a materlal mlsstatement of the other infomatlon. If, based on the work we have performed, we conclude that there Is a materlal misslatement of thls other informatlon, we are requlred to report that fact. We have nothing to report in thls regard. Page 16
THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND Matters on whlch we are required to report by exception We have nothing to report in respect of the following matters where legislation requires us to report to you If, in our opinion: the infomiation given in the Trustees. Annual Report Is inconsistent In any material respect with the financial statements; or sufficient 8ccountlng records have not been kept; or the financial statements are not in agreement wlth the accounting records and returns., or we have not recelved all th8 information and explanatlons wa require for our audit. Responslbllltles of Trustees As explained more fully In the Statement of Trustees, Responsibilitles, the Trustees, are responslble for the preparation of the accounts and for being satlsfied that they give a true and falr vlew, and for such Internal control as the Trustees determlne is necessary to enable the preparation ofaccounts that are free from materlal mlsstatement, whether due to fraud or error. In preparlng the accounts, the Trustees are responsible for ass8sslng the Gharlty's ablllty to contlnue as a golng concern, dlscloslng, as applicable, matters related to going concern and uslng the golng concem basls ol accountlng unless tha Trustees elther Intend to wind up the charlty or to cease operatlons, or have no realistic alternatlve but to do so. Audltor's r8sponslbllltlos for th8 audlt of the flnanclal statam8nt$ Our objectives are to obtaln reasonable a55urance about whether the accounts as a whole are free from material misstatement, whèther due to fraud or error. and to issue an audltorfs report that Includes our opinion. Reasonable assurance is a hlgh level of assurance but Is not a guarantee that an audit conducted in accordancg wlth ISAS (UK) wlll always detect a materlal mlsstatgment when It exlsts. Misstatem8nts can arlse from fraud or error and are consldered materlal If, Indlvldually or In th8 aggregate, they could reasonably ba expected to Influenc8 the economlc declslons of users taken on the basls of thes8 accounts. Irr8gularltl8s, Including fraud. arg Instances of non-compliancg wlth laws and r8gulatlons. We have designed proc8dures In Ilne with our responslbllltles, outlined above, to d8lect materlal mlsstatements In respect of Irregularities, Includlng fraud. Tha extpnt to whlch our procedures aro capable of dgtectlng Irregul8rltles, Including fraud, is delalled below. Explanatlon as to what oxtent the audlt was consldered ¢apablg of detectlng Irregularities, includlng fraud The oblectlves of our audit in respect of fraud, are to Identify and assess the rlsks of materlal mlsstatemgnt of the flnanclal statements due to fraud; to obtain sufficlent approprlate audlt evldence regardlng the assessed risks of materlal mlsstatement due to fraud, through designing and implementlng approprlate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud Identified during the audlt. However, the prlmary responsibility for the preventlon and detectlon of fraud rests with both management and those charged wllh governance ofthe charity. Our approach was as follows: We obtalned an understanding of the legal and regulatory requirements appllcable to the Charlty and consldered that the most slgnltlcant are the Flnanclal Reportlng Standard appllcable In the UK and Republlc of Ireland (FRS 102) (effective 1 January 2015)- (Charltles SORP (FRS 102). Enquiry of management, thosg charged wlth governance and the entity's solicitors around actual and potential litigation and clalms. Enqulry of entity staff in compliance functlons to Idenlify any instances of any non.compllance wlth laws and regulations. Reviewing financial statement disclosures and tesling to supporting documentation to assess compliance with applicable laws and regulalions. Auditing the risk of management override of controls. including through testing journal entries and other adjustments for appropriateness. and evaluating the business rationale of significant transactions outside the nomial course of business. Page 17
THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND As part of an audit in accordance with ISAS (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. We also- Identify and assess the risks of material misstatement ofthe flnancial statements, whetherdue to fraud or error. design and perform audit procedures responsive to those risks, and obtain audit evidence that 1$ sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud Is higher than for one resulting from error, as fraud may Involve collusion, forgery, intentional omlssions, misrepresentations, or the override of intemal control. Obtaln an under8tandlng of Intemal control relevant to the audlt In order to deslgn audit procedures that are appropriate in thg circumstances, but not for the purposes of expresslng an opinion on the effectiveness of the charlty's Intemal control. Evaluate the approprlateness of accounting pollcles used and the reasonableness of accounting estlmates and related dlsclosures made by the Trust88s. Conclude on the appropriateness of the Trustees, use of the going concern baslg of accounting and, based on the audlt evldence obtained, whether a materlal uncertalnty exists related to events or condltlons that may cast slgnlflcant doubt on the charity's ablllty to continue as a golng concern. If we conclude that a materlal uncertaSnty exlsts, we are required to draw altentlon in the audltor's report to the related dlsclosures In the financial ststements or, If such dlsGIosures are Inadequate, to modify our oplnlon. Our conclusions are based on the audlt evldence obtained up to the date of our audltor's report. Howaver, future events or Conditions may cause the charity to C88s8 to contlnue as a golng concern. Evaluate the overall prèsèntatlon, structure and content of the flnanclal statements. includlng the disclosures, and whether the flnanclal statements represent tho underlying transactlons and events in a manner that achleves falr presentatlon. A further descrlptlon of our responsibiliti6s for tha audlt of the accounts is located on the Flnaneial Rèportlng Councll's websltg at: http:Ilwww.frc.org.uklauditorsresponslbllltlgs. Thls d85criptlon forms part of our audltor's report. We communlcate wlth those charged with governance regarding, among other matters, the planned scope and tlmlng of the audlt and slgnificant findings, includlng any slgnificant deficlencles In Internal control that we Identlfy durlng our audlt. Use of our report Our audlt work has been undertak8n so Ihat we mlght stat9 to the charlty's members those matters we are requlred to stato to them In an audltors, report and for no olher purposg. To the fullest ext¢nt permltted by law, we do not accept or assume responsibility to anyone other than the Charlty and Its members as a body, for our audlt work, for thls report, or for the oplnlons we have formed. Dated: c8 sEpfEM6LL Mooro (N.1.) LLP Chartered Accountants & Roglstered Audltors Donegall Hou$• 7 Donogall Square North Balfast BTq 5GB Page 18
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THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2023 2023 2022 Note Flxed assets Tangible assets Investments 109.373 21.926,712 22,036,085 93,346 26,940,495 27,033,841 10 Current assets Debtors Cash at bank and in hand 11 278,352 18,733,415 19,011,767 229,416 23,920,179 24,149,595 Cradltors: amounts falllng duo wlthln one year 12 {1,987,6561 (978,301) Net current assets 17,024,111 23,171,294 Total assets less Gurrant Ilabllltlgs 39,060,196 50,205,135 Net asset8 39,060,196 50,205,135 Funds employod Capilal endowment funds Restflcted funds 19,398,645 18,738,569 38,137,214 922,982 39,060,196 22,303,387 26,944,700 49.248.087 957.048 50,205,135 Unrestrlcted funds Approved and authorfsed for issue by the Board of Trustees on 28 September 2023 and signed on Its behalf by: Trustta The notes on pages 22 to 38 form part of these flnanclal slatements and should be read In conjunctlon therewlth. Page 20
THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND CASHFLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Note Net cash (outflow)linflow from operatlng a¢tivitios 13 {9,730,880) 24,073,867 Returns on Invostments and servlclng of flnance Bank and deposit account Inter8st Income from listed Investments Net cash Inflow for returns on Investments and servlclng of flnance 68,851 355,434 462,386 462,386 424,285 Investlng actlvltles Purchase of tanglble fixed assets Purchase of Investments Dlsposal of Investments Net cash Inflow(outflow) from Investlng actlvltle8 {29,319) (943,283) 8 667,271 7,694,669 (13,418) (6,119,474) 2 966,041 (3,168,851) Flnan¢lng actlvltlas (D8creaso)Ilncr8ase In Investment cash 13,612,939) 980,884 {3,612,9391 980,864 IncreaGel(Decrèase) In cash and cash equlvalents (5,186,764) 22.312,165 Cash and cash equlvalents at bgglnning of year 23,920,179 1,608,014 C?sh and cash equlvalont¥ at end of year 18,733,415 23,920.179 Relatlng to: Cash at bank and In hand 18,733,415 23,920,179 Page 21
THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 q. Accounting Pollcies Basis of accounting The financial statements have been prepared In accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts In accordance with the Financial Reporting Standard whlch applies in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Flnancial Reportlng Standard appllcable In the UK and Republlc of Ireland (FRS 102). Incomlng rasour¢es Grants and Investment Income are generally recognlsed when the Charlty has entitlement to the funds, any performance conditlons attached to the Item(s> of Income have been met, It Is probable that the Income will be recelved and the amount can be measured reliably, The principal source of Income comprlses donatlons from numerous funders. Other income Includes private donations and Investment Income In the form of bank interest, divldends from Investments and capital appreclatlon on Investments held. Golng Concern At the time of approving the flnanclal statements, the trustees have a reasonable expectatlon that the charlty has adequate resources to continue In operatlonal existence for the for8S6eabl8 futuro. Thus the trustees contlnue to adopt th8 golng concern basls of accountlng In preparing th8 financlal statements. Taxatlon No corporation tax ha5 been provided In these accounts because the charity Is wSthin the exemptlon granted by Section 505 of the Income and Taxes Act 1988. Dabtors Trade and other debtors are recognlsed at the s8ttlement amount due after any trade dlscount offered, Prepaymenls are valued at the amount prepald net of any trade discounts due. CrodStors and provlslons Credltor$ and provisions are recognlsed where the charity has a present obllgation rosulting from a past event that wlll probably result in the transfer of funds to a third party and the amount due to settle the obligatlon can be measured or estimated rellably. Creditors and provislons are normally recognlsed attheirsettlementamount after allowlng for any trade dlscounts due. FlnanGlal Instrumants The Foundetlon only has financlal a38et8 and financlal liabllltles of a klnd that qualify as baslc financl81 Instruments. Basic flnanclal instruments are initially recognlsed at transactlon value and subsequently measured at their settlement value with the exceptlon of bank loans whlch are subsequently measured at amortised cost using the effectlve Inter8St method. Inv•stmonts Investments are stated In the balance sheet at market value and all movements, both reallsed and unreallsed gains and losses, are shown In the Statement of Flnancial Actlvities. Page 22
THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Tangible fixed assets Tangible fixed assets are stated at their purchase cost, net of depreciation and any provision for Impairment. Depreciation 19 calculated so as to write off the costs of tangible fixed assets, less their estimated residual values, on a straight-line basis over the expected useful economic lives of the assets concemed. The principal annual rates used for this purpose are: Land and buildings Fixtures and fittings Computer equlpment and soare 20 33 Grants payable Grants are treated ag pald If they have been pald prlor to the year end. Grant offers made are included as accrued expenditure, where all grant Gonditlons have been met and these are deemed to be payablg In the followlng financlal year. Rochargod costs Costs arlsing centrally whlch aro dir8Ctly attrlbutable to C8rtaln projects are Id8ntlfled wherever posslble and charged to those projects. Expons8s have been apportloned uslng varlous approprlate bases where it has not b88n posslbl8 to Identlfy the oxpense directly. Penslon costs The Foundation participates In an Independently controlled defined contrlbutlon penslon scheme. Contrlbutlon5 to thls scheme are charged In the period to which they relate. Funds The Foundation operates the following types offunds:. Restrlcted funds Th8s8 are funds wh9re the donor ha5 requested that the funds must be used for speclflG purposes whlch would be wlthln the overall alms of the Foundallon, as set out In note 15 to the flnanclal statements. Capltal endowment funds These ar8 funds which have been glven to the Foundation wlth the restriction that they are to be held as capltal. There have also been a slgnlficant number of donatlons to the Foundatlon since Its inceptlon, whlch were glven without restriction that the Trustees have decided should be treated as capital endowment funds. Unrastrlcted funds These funds comprlse of all remainlng funds whlch are expendable at the Trustees, discretlon In the furth8ranc8 of th8 objectlves of the Foundatlon. Resources expended All expenditure Is accounted for on an accruals basls and Is classlflgd under headings that aggregate all costs related to the category. Govemance costs representthe costs assoclat8d wlth the govemance arrangements of the charity which relate to the general running of the charity as opposed to those costs associated with fundraising or charitable activity. Forelgn Curreneles Monetary assets and liabllltles in forelgn currencles are translated Into stèrllng at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchangè differences are taken into account In arriving at the net movement in funds. Page 23
THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Reserves policy The Trustees take a risk- based approach to setting our reserves requirements for the following year. Income projections are considered in temis of va5ue and certainty. Income that is deemed high or medium risk is considered to be 'uncertain' and is therefore provided for in our reseNes. In the event that we do not meet our incomo targets for high and medium risk income for 2023124. we have identified the shortfall in funding that may exist and designated £220,000 from our Community Foundation Endowment Funds as a general reserve to cover the next yearfs expenditure requlrements. Donatl¢ns Unrostrlctgd Restrlcted Capltal funds funds endowm•nt funds Total 2023 Total 2022 Donatlons and Glft Aid 258,388 1,541,066 3,119 1,802,573 2,226,261 258,388 1541,066 1,802 573 2,226,261 Investment Income Unrastrl¢t•d funds Rostrlcted Capltal funds endowment funds Total 2023 Total 2022 Investment income 462,386 462,386 424,285 462 386 462 386 424,285 Page 24
THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 4. Fundlng Received Capital Restricted Endowment Funds Funds Total 2023 Total 2022 Unrestricted Funds Accolerator Programme Department for Communities 39,541 AGorn Cllmate Actlon Fund Natlonal Lottery Community Fund 120,000 Acorn Farm Programme National Lottery Community Fund 127,437 127,437 Axa Parks Fund CFI 14,111 267,186 281,297 Bank of Ireland C08t of Llvlng Fund CFI 7,509 87,742 95,251 Clvlc Innovatlon & Grassroots L8adershlp Esmee Falrburn Foundation Paul Hamlyn Foundatlon Portlcus 11.000 11.047 275,000 10,000 10,000 ComlG Rellof Fund Comlc Relief Grants & Community Support Programme ComlG Relief Empowering Change Programme 130,000 518,000 518,000 600,000 Department of Health Funds Dept of Health Carers Support Fund Dept of Health Cancer Charities Support Fund Dept of Mental Health Charities Support Fund 4,400,000 10,700,000 16,392,702 Houslng & Homelessnass Fund Oak Foundation 519,184 Human Rights Fund Porticus Sigrid Rausing Trust 99.993 125,000 125.000 125.000 Total carried forward onto next page 21.620 1,135,365 1,156.985 1.411,581 Page 25
THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Total carried forward from previous page 21.620 1,135,365 1,156.985 1,411.581 Micro Grant Quartet CF and Bank of Ireland 100,828 100,828 Natlonal & Cultural Herltage Fund National Trust 4,000 33,690 37.690 Peace Impa¢t Programme International Fund for Ireland 211,281 211,281 202,902 Queen's Platlnum Jubllee Fund Belfast City Councll 10,000 100,000 110,000 RTE Toy Show App•al Community Foundatlon Ireland 16,471 312,942 329,413 556,804 Techles In Resldence Comlc Reliaf 19.898 UK Communlty Foundatlons Co-op Fund Made by Sport Natlonwlde Fund The Red Cross FRIS Communlty Actlvlly Fund Slr George Earle Fund Tampon Tax Communlty Fund 7,500 75.000 82,500 199,135 358,450 6,000 60,000 66,000 28,000 (19,822) Wesleyan Foundatlon 37,800 37,800 49,500 other 4,705 30,431 35.136 27,620 Total 171,124 1,996 509 2,167 633 34,845,954 Page 26
THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Analysis of Charitable Exponditure Costs ofcharitable activities include grants made, governance costs and programme development and support costs. Programme development and support costs coverthe costs of running grant programmes and providing development support to both grant and non-grant programmes. Unrestrl¢ted funds RestriGted funds apit41 gndowmont funds Total 2023 Total 2022 Grants Governance Programme development and support costs 593,884 44,238 11,874,435 650 12,468,969 44,238 11,531,287 11,944 648 488 1232 527 1881015 1524,918 Charltable Acllvltles 1,268,610 13,106,962 650 14 394 222 13,068,149 The Community Foundatlon approved 783 grants totalling £8,326,037 (2022: 915 grants totallng £28,678,865) to the voluntary and community sector during the year. Grants pald Grant payments of £12.468,969 (2022,. £11,531.287) were made during the year. Partlculars of employggs (Included In programme dev8lopment and support costs) 2023 2022 No. Thg average number of gmployees durlng the year was: Operatlons Fundralsing and Communlcations Grants and Programmes 17 28 15 22 2023 2022 Total staff remuneratlon was: Salarles and wages Social security costs Penslon scheme 1,013,426 98,788 60,908 1173,122 769,525 78,000 40,319 887,844 One employee received remuneration greater than £60,000 (2022: 0). No fees are pald to Trustees fortheir services as board members. Dlrectly Incurred expenses are relmbursed, If clalmed. Flve trustees were relmbursed for expenses amounting to £2,145 (2022: £Nil). No other expenses were pald on behalf of any Trustee (2022: £NIL>. The key management personnel of the charlty comprlse the Truste85. the Chief Executive Officer, Director of Operations. Director of Programmes. Director of Development and Communications and Director of Grant- making. The total employee benefits of the key management personnel of the Foundation were £363,767 (2022: £313.803). The Chief Executive's salary is set following independent advice and a review of similar posts in the sector. The remaining staff salaries, including key management personnel, are aligned to the NJC salary scale5 and are set using guidance provided by NICVA. The Foundation regularly participates in benchmarking exercises to ensure our salary levels are in line with olher charities. Page 27
THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Transfers between funds In 2022123. a number of capital endowment funds allocated some of the returns on their funds as revenue funds to be used for grant making and support costs. In addition, funds managed by the Foundation make a contribution to the Foundation's costs for the management and administration of these funds. These contributions are shown as transfers between funds and are analysgd by fund as fo51ows: (CBF = Communlty Benefit Fund) Capltal Endowment Funds Unrestrlcted Funds Restrlcted Funds Accelerator Programme Acorn Change Somethlng Fund Acom Endowment Fund Acorn Revenue Fund All Island Fund Ann M¢Geeney Fund ARN Foundatlon AXA Park8 Bank of Ireland Micro Grants BC&P Endowment Fund Brian Conlon Fund Brockaghboy CBF Buslness Eye Fund Carnhill CBF CFNI Endowment CFNI Revenue Cloonty CBF Comlc Relief Empowering Change Comlc Rellef Communlty Support Programma Communlty Arts Endowm8nt Fund Community Arts Revenue Fund C(>op Fund Corby Knowe CBF Coron8vlrus Communlty Fund Cregganconroe CBF David Ervlne Endowment Fund Davld Ervin8 Revenue Fund Dunbeg CBF Dungannon Community Trust Endowment Fund Dungannon Communlty Trust Revenue Fund Dunmore CBF Energia Crlghshane & Churchill CBF Energia Longmountaln CBF Energia Rathsherry CBF Energla Thornog CBF Energla Tyron8 3 CBF Evishagaran & Cralggore CBF Fibrus Fund Gills Endowment Fund Transfers carried forward onto next page (6,884) (8,280) (4,000) 12,280 25,000 (961) (9,638) (32,824) (100,828) (14,485) {2,000) (9,790) s,000 (1,225) (3.350) (400,000) 1,042.374 (1.027) (12.860) (12.546) (13,429) (205.140) (4,500) (12.019) 2,016 (7,500) (670) (1,414) (1,541) (10,483) 8,736 (4,690) (6,992) 5,827 (3,500) (2,752) (10,541) (6,710) (7,865) (15,662) (18,988) (3,281) 17,059 465,038 808,651 217,814 Page 28
THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Transfers carried forward from previous page 808,651 217,814 465,038 Gills Revenue Fund Give Inc Giving Circle Global Fund Project Hobson Endowment Fund Hobson Revenue Fund Human Rlghts Endowment Fund Human Rlghts Revenue Fund IFA Foundatlon Inlshatlv8 CBF Joseph Rowntree Charltable Trust Kate Lagan Nl Foundation Revenue Fund Keadue Fund Klngsbrldge Fund Mccall Endowment Fund Mccall Revenue Fund Monnaboy CBF Murlough Endowment Fund Natural and Cullural Heritage Fund Noah Donohoe Fund Older People's Endowment Fund Older People'g Revenuo Fund One Small Step Endowment Fund Ono Small Step Rev@nu8 Fund Pears Communlty Fund PWC Foundatlon Queen's Platinum Jubilee Fund Raj Darshna Fund Red Cross RTE Toy Show Appeal Seamus McAleer Fund SoGlal Justice Small Grants Staff Trustees Endowment Fund Staff Trustees Revenue Fund Techles In Resldence Telecommunlty Endowment Fund Telecommunlty Revenue Fund Thomas Devlln Endowment Fund Thomas Devlin Revenue Fund Ulster Bank Slr George Quigley Endowment Fund Ulster People's College Endowment Fund Ulster People's Co118ge Revenue Fund Ultach Endowment Fund uitach Revenue Fund Wesleyan Fund Women's Endowment Fund Women's Revenue Fund 14,216 (766) (3,979) (10,411) 8,676 (1,488,357) 1,325,357 (600) (1,541) (79,720) (23,951) (20,000) (6,443) (1,880) (39,658) 33,048 (1,325) (545) (4,000> (1,700) (93,2121 359,236 {75,954) (27,379) (2,184) (345) {6.000) (10,000) 5.302 (278> (6.000) (16,471) (7,000) 70,500 (7,698) 6,415 26,803 (71,9271 59,939 (15,587) 12,989 (5,808) (8,143) 19,786 (149,069) 124,224 {2,800) (9,352) 7,793 Totals 1,021,411 1,365,243 2,386,654 Page 29
THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Tangible fixed assets FTeehold land & bulldlngs Fixtures & flttlngs Computer aqulpment Total Cost At 1 April 2022 Additions At 31 March 2023 148,619 189,085 15.337 204 422 215,451 553,155 29.319 582,474 148 619 229 433 Accumulated dapraclatlon At 1 Aprll 2022 Charge for the year At 31 March 2023 70,219 187,844 201,746 459,809 13,292 473,101 189 865 210 217 Not book value At 31 March 2023 14,557 109 373 At 31 March 2022 78,400 1,241 13,705 The net book value of land and bulldings 18 analysed as follows.. Carlisl8 Road. Londonderry 75.600 10. Invostmgnt$ Charlty bank Invastment Llsted Invastmènts D8poslt accounts Cash Total Market valuo At 1 Aprll 2022 Addltlons Dlsposals Net decrease In Investments held as cash Net galn on Investment assets At 31 March 2023 23,427,339 783,313 (4,014,076) 250,000 1,485,164 (4,653,195) 1,777,992 159,970 26,940,495 (3,709,912) (4,014,076) 3,612,939 3,612,939 (902,734) (902,734) 19,293,842 250,000 444,908 1,937,962 21,926,712 Page 30
THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Investments at market value comprise: 2023 2022 UK unit and investment trusts UK equities Overseas unlt and investment trusts 83,032 3,996,545 749,588 5,376,240 Ov8r8eas Dlrect Equltles GILTS UK Direct Corporate Bonds Intematlonal Bonds Overseas Dlrect Fixed Income Property Alternatives Charity Bank Shares Investments held as cash UK long term d8posIt accounts 8,155,854 1,258,638 1,214,248 460,526 703,908 594,849 2,826,242 444,908 250,000 1,937,962 21926 712 9,094,140 1,652,926 1,457,167 269,871 751,421 894,421 3,181,765 1,485,164 250,000 1777,992 26 940.495 Hlstorlcal cost at 31 March 2023 2023 2022 Shares Deposlts Charity bank Cash 16,574,734 444,908 250,000 1,937,962 19 207 604 18,979.009 1,485,164 250.000 1,777 991 22 492 164 11. Debtor8 2023 2022 Programme funding receivable Prepayments 259,002 209.588 19,828 229 416 278 352 12. Credltors: amount8 talllng dua wlthln ong year 2023 2022 Accruals Trade credltors Deferred Income Other taxatlon and social securltv Other credltors 1,795,837 163,624 1,480 26,465 250 1,987,656 522,534 422,569 6,064 27,134 978,301 Page 31
THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 13. Reconciliation of net movement In funds to net cash flow from operating activitles Cash generated from operating activities: 2023 2022 Net inGomingl{outgoing) resources (11,144,939) 24,217,587 Adjustments for: Investment Income Depreclation of tangible fixed assets Non.cash adjustment to Investments {462,386) 13,292 902,734 (424,285) 7,105 Movements In worklng Capltal: Decreasel(Increase) In debtors (Decreaseylncrease In credltors {48,936) 1009 355 9 730,880 310,197 24,073,867 Page 32
THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 14. Fund balances At 1 Aprll 2022 Investment galnsl At 31 March (losses) 2023 Incomlng resource5 Outgolng rgsources Transfers R¢¥trlcted Funds Accelerator Programme & Match Fund Acorn Climate Actlon Fund Acorn Farm Programme Axa Parks Bank of Ireland Cost of Llvlng Fund Clvlc Innovation & Grassroots Leadershlp Programme Comlc Rellef Empowering Change Comlc Rallef Community Support Programme Comlc Rellef Techles In Residence Communlty Innovators Co*OP Fund Coronavlrus Communlty Fund D8Pt of Health Cancer Support Fund Dept of Health Carers Support Fund Dept of Health Mental Health Support Fund Flbrus Fund Human Rlghts Revenue Fund Kingsbrldge Foundation Natlonal Cultural & Herltage Fund New Volces Programme Oak Houslng & Homelessness Innovation & Voice Programme Oak Transformation & Growth Fund Peace Impact Programme P8ar8 Community Space Fund Queen's Platlnum Jubilee Fund Red Cross FRIS Communlty Activity Fund RTE Toy Show Appeal Wesleyan Fund Other 6,884 (6,884) 74,480 (52,373) (71,984) (210,409) 22,107 55,453 23,953 87,742 127,437 267,186 87,742 {32,824) 474,906 10,000 (352,226) 132,680 151,295 518,000 (446,094) (205,140) (4,500) 18,061 4,500 2,723 (29,526) 26,803 569 395 (75,000) 964 75,000 1.414 8.365,575 (1,414) (2,957.274> 5,408,301 3.810.159 (1,135,616) 2,674,543 11,170,651 (4,187.511) 6,983,140 4.809 (232.964) 89,700 56,844 125,300 96,024 33,690 (33.096) (626,630) (105,650) {33,690) 28,557 591,063 78,194 1.325.357 (1,880) 141,018 372,708 22,500 (35,070) {164,214) 128,448 208,494 4,561 (4,561) 211,281 (219,323) (5,000) {105,302) (49,000) (8,042) 5,345 (345) 5,302 100,000 60,000 11,000 636,790 312,942 37,800 1,859,577 1,395,829 (529,439) (35.000) (1,645,357) 420,293 (2,800) 263,568 1,873,617 Total restricted fund5 26,9M,700 3.537,575 (13,108,950) 1.365,243 18,738,569 Page 33
THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Fund balances carried forward onto next page 26,944,700 3,537,575 (13,108.950) 1,365.243 18,738,569 Unrestrlcted Funds Communlty Foundation Designated Fund 19,095 14,791 33,886 Other 937,953 957,048 429,511 429,511 1484.988 11,484,988) 1006.620 1,021,411 889.096 922,982 Caplt41 Endowmont Funds Legacy Match Funds Deslgnated other 100,000 (80,858) {2,486,654) 100,000 19,298,845 22,303,387 465,505 1902,734> Total 50.205 135 4.432 $91 14 674,796 902 734 39 060 196 Unrestrlcted Deslgnated Funds-Temilnatlon of employment Thls fund is Intended to provide for the redundancy costs whlch the Foundatlon would Incur If there was slgnlficant decrease in the level of Its fundlng and as a resLtIt, any of th8 existlng staff who are presently employed on tlme limlted contracts were made redundant at or before th8 explry of thelr contracts. Endowment Deslgnated Funds- Legacy Match Fund Thls fund Is Intended to provlde match funding for future glfts in wllls to support the charitable activltles of the Foundation In future years. 1S. Analysls of fund balances Capltsl Endowment funds Unrestrlcted funds Restrlcted funds Total At 1 Aprll 2022 Net Incomel(expenditure) for the year Transfer3 Net galnl(loss) on Investments 957,048 26,944,700 (1,055,477) (9,571,374) 1,021,411 1,365,243 22,303.387 384,646 (2,386,654) 902 734 50,205,135 (10,242,205> 902 734 At 31 March 2023 922,982 18 738,569 19 398,645 39,060 196 Represented by:. Tanglble fixed assets Investments Current assets Current liabllltles At 31 March 2023 109,374 19,289,271 109,374 21,926,712 19,011,767 <1,987,657) 39,060,196 1,014,998 1,622,443 41,777 18,969,990 1133,793} 11,853,864) 922,982 18,738,569 19,398,645 16. Reserves At 1 April 2022 Net incomel(expenditure) for the year At 31 March 2023 50,205,135 11,144.939 39,060,196 Page 34
THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 17. Penslon Scheme The Foundation contrlbutes to a defined contribution pension scheme, the assets of which are held separately to those of the Foundation. in independently administered funds. The pension Charge represents contributions by the Foundation to the fund during the year. There were no outstanding contributions at 31 MarGh 2023. 18. Contlngancles Grants Under the terms of certaln grants, a Ilablllty may arlse to repay In whole or In part grants recelved If certaln Gonditions In the grant agreement are not complied wlth. In the oplnlon of the Trustees the terms of all letters of offer have been Gomplled with and a Ilabllity is not expeGted to arlse. 19. Commltments Grant offers The Foundation's contractual obllgatlons arlslng through offers of grants made In respect of whlch elth8r the acceplance perlod had not lapsed or the conditlons had not been fulfllled at the year end are as follows:. 2023 2022 Grant offers 14.201354 18.027.551 At 31 March 2023 the Foundatlon was committed to making th8 followlng payments under non-¢ancellable operallng leases as follows: 2023 2022 Withln one year Between and five years 26,839 21,339 6,278 21,339 In over flve years 20. Post balanco sheet evont There were no post balance sheet events for the year ended 31$1 March 2023. Page 35
THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 21. Related party transactions Related parties include the charity's trustees anol their close family members and those entities whlch they control or in which they have a significant Interest. Persons who are not trustees but who have a significant Influence over a charity's decision-making are also treated as related partles. These include staff to whom th8 Board of Tru¥tees have delegated decision-making authority for some transa¢tions. The interests below are all recorded on the Foundation's Register of Interests (2022.. £0). Namg & Role wlthln he Communlty Foundatlon Rhyannon Blythe rustee Relatod Party Interest Naturo of flnanclal ransa¢tlon Payment ictlm Support Nl rust88 rant payment 69,412.48 Gerard Deane rustee Developlng H8alth5er ommunlt189 Dlrector rant payment 5,282.83 David Gaveghan rustee ha Mac Board Member rant payment 7,300 ohn Gordon rustee Now Group ru$tee rant payment 227.16 ohn Gordon rustee ustln Kuoame rustee UK CommunSty Foundatlons Falls Community Council rustee unding received 82,845.29 rustee rant payment 8,122 uzanne Lagan rustee ueens Unlverslty Employee rant payment 13.000 Claran Moynagh rustee Flona O'Toole Dlrector of Operations Rainbow Proj8Ct rustea rant payment 28,162.60 he Wellbeing Pathway Fami5y Ilnk ralnlng provldgd 850.00 otal 215,202.36 None of these trust888 or staff were Involved In the deGlsion-making proGesses whlch resulted In the flnanclal transactlons above. 22. Legal status The Community Foundatlon for Northem Ireland Is a Charitable Trust established under SeGtion 10 of the Charitles Act (Northern Ireland) 1964. Page 36
THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 23. Analysis of Programme Development and Support Costs 2023 2022 Advertising Assessment and verlflcation Audlt Bank interest & charges Building servlces charge Chlldcare vouchers Cleaning Communlcatlons & marketlng Conferences and semlnars Consultsn¢y and teGhnlcal support Depreclatlon charge Employee leave Employers, social securlty Equipment hlre Evaluatlon Facllllatlon, mentorlng & support Health and Safety Heat & Ilght Hospltality Insurance IT Support & malntenance Licenses & membershlp Payroll servlGes Penslon Postage Printlng & publlcatlons Professlonal & legal fees Rent Repalrs & maintenanGe Res&arGh Small equlpment Staff trainlng Subscrlptions stationery Sundry expenses Telephone Temporary staff Tralnlng Travel and subslstence Wages and salaries Water charges 2,570 16,233 1,816 32,882 1,172 34,173 2,052 52 13,536 41,069 37,977 13,292 5,076 76,035 2,399 76,028 243,081 5,444 209 929 34,686 33.680 21,958 1,051 50.566 1,663 1,172 7,595 26.799 2,203 46,625 1.072 13,968 4,715 1,992 450 25,201 3,199 109,484 31,646 889,963 1,065 25,980 3,161 49,760 26,945 61,651 7,104 (3,343) 72,236 2,331 34,629 240,676 4,419 {260) 646 26,128 22.458 18,652 1,051 37.226 2,171 1,111 37.620 25.150 1,105 1,000 90 ,317 214 3,146 837 21,620 9,092 17,980 15,653 715,602 1881,015 1,524,921 Analyslg of Governance Costs 2023 2022 Conference & travel costs Consultancy External audlt 9,799 28,019 705 5,239 6,000 11,944 44,238 Page 37
THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Analysls of Fundraising Costs 2023 2022 Advertising Bank interest & charges Communicalions & marketing Conferences and seminars Consultancy Employers, Soclal Security Hospitality Investment Management Costs IT Support Llcenses & membershlp Postage, Prlntlng & publlcatlons Penslon Research Salary Costs Small equlpment Telephone Travel and 8ubsl$tence 244 279 S,840 5,105 46,275 5,764 232 1.828 12,619 10,118 22,753 319 80,209 87,260 336 2,053 610 3,094 1,014 103 10,342 7,000 123,463 15 205 53,924 280 575 210,784 24. Audltors, Ethlcal Standards In common wlth many buslnosses of our slzg we usa our auditors to asslst wlth tha compllatlon of tho statutory financlal statements Pzge 38