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 t￿0
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 expe￿ed 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.
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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.
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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 ne￿ork 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 ne￿OrkS 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.
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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
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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
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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
ne￿Ork 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.
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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 othe￿ISe 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

VooZ>v
LL<

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
so￿are
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