THE COMMUNiff FOUNDATION FOR NORTHERN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 REPORT OF THE BOARD OF TRUSTEES The TNstees are pleased to present their port together with Ihe financial statements of the charity for the year ended 31 March 2023. STRUCTURE, GOVERNANCE and MANAGEMENT The Community FOundatn for Northem Ireland (the Foundation) was established under a Trust Deed and was incorporated In 1979. The Foundation Is accepted as a charity by HMRC under ref8renc8 XN45242. Tha Foundation is registered as a charty wilh the Chanty Commission for Northem %land (NIC105105). The Trustees of the Foundation for the year ending 31 March 2023. who have atl be8n trust885 for the who18 year ended on that date. except as noted below. are listed on page 1. The Trustees expressed their appreciation to Shelley Martin who stepped down from th8 Board in March 2023. after serving 0 tems as a Twstee and member of Ihe Granl-making Subcommittee. The Trustees were dellghted to welcome four new Trustees lo Ihe Board in June 2022 - Rhyannon Blythe. Gerard Deane, Justin Kouame and Caolan Ward. The Foundation is administered by a Board of up to 14 Trustees who are assisted in their work Ihrough IM) standing comrnittees (the Financ£ and ResouTces Committee and the Grant-making Committee) which involve Trustees and extemal co-opted members. In addition. a number of Selection Panets are involved in the decislon-making PeSS with regard to the award of grants. Advisory Panels also meet regularly to support our programmes. These panets normally comprise a significant number ofvolunteers from other organisations and backgrounds who bring specffic knowledge to the pr<eSS, including those wlth lived experlence of the issues we are trying to address. Each of Ihe sub•committees reports directly to the Board. which approves all major strategic decisions and has overall reSnsIbilitY for all the Foundalion's aclivities. All Trustees and Advisory Panel members serve in a voluntary capacity. The Chief Executive. Roisin w¢d, manages Ihe day-t041ay opÈratloTrs of the Foundation with support from Ihe senior management team and wider staff team. Trustee-selection, appolntment and competence Vvhen Trustee vacancies arise, we advertise these on our website and via Social media. We also considef recommendations from existing Trustees. The Nominations Committee {a small group of Trustees plus the CEO) 1$ appoinled by the Board to interview potential candidates for the role ofTrustee and to bring a shortlisl of rec£smmendalions to the Board for decision. Candidates are considered in the context of skills. divetsty. geographical and sectoral balan. Trustees are aprointed for a tenn of 3 years [r8n8wabl8 for a further 3-year lerm). All Trustees participate in an annual appraisal with the Chairperson of the Board. This Invofves an annual review of th8 Trustee's own perf0rnan arKJ the perfoTmance of the Chairperson and the Board. The Vi¢e-Chairperson carries out the appralsal oflhe Chairperson. The Board conducts an annual review of skills and diversty needs and Maintains the personal competence of Board members through relevant training. Trustee Inductlon and Tralning New Trustees receNe a comprehensTve induction pack which indudes the Foundation's Govemance Manual. The manual provldes details on policy and practice: the Foundation's strategy. aims and activities", management and governance and what is expecied of Trustees under charity law. with reference to th8 Charities Acts (2008 & 2013). New Trustees are also provided wilh oprM)rtunities to meet stsff and grantees to learn about the work undertaken by the Found3tion. AIMS and OBJECTWES The Community Foundation for Northem Ireland Is a local. independenl GhaTitable fouridation. connecting people who care th causes that matter. We help communities in need. drive social change and change lives, through impactful grantwmaking. research. stralegic partherships and deltvering innovatwe programmes. Supporting bespoke gNing and pwoviding philanthroplc advlce we are a trusted, secure means through which donors thoose how, when and vthere to give and we provide a range of management and grant4naking seNices for charitable fund PaEe4
THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND FINANCFAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 REPORT OF THE BOARD OF TRUSTEES Vlslon Our vision is a peaceful, shared and socially Just Northem Ireland. Misslon To connect people who care wfth causes thal matter. In a society where everyone can prosper and live in peace: encourage and support those who want to give and empower the kKal c))mmunty to effect change. Strategy and Key Objectives The Board approved a fNe year strategy in March 2019. covering the period April 2019 to March 2024. We are committed to being true to our values of Generous. Thriving and TogetheT and to continually adapting to meel our community's needs. We believe that invohres working on the following prioritles: InsplTlng Generosity: In a sector heavily reliant on publiG fvnding. there is a gap in Iho market for an organisation to increase the amounl and effectrveness of philanthroplc donors. As well as SUPPOrting cornmunities. by giwng and connection lo charitable causes. changed atkntudes amongst donors can change society. Over 5 years we aim to raise £33m of new funds to support Nl cornmunibes: Achieving lrnpact Building sustainablo communities: Local community organisations have untapped potential lo bring pea and social justice, that could be unk)cked by access to more resources. new approaches, relationships. skills and teGhnolo9ies. We want lo enable a stronger community seclor equipped to face today's challenges- Achieving Impact- Community Voice: Public trust govemmenl and polltlcs is extremely low and there are few opportunities for people to influence the dlSIOnS Ihat affect their lives - with the right support avil soclety can chaThJe this by reinvigoraiing c4vic partiCipatn and pushing for de8per democracy. We will support comrnunities to find their voice and use Achlevlng lrnpact Thrfving after the confliGt: The conflict is still a1ve affeding the INes of somB communities, individuals and famifies. We will enable communilies who are SUII suffering from the effects of th8 Gonflict to challenge the undertying causes of conflict, division and disadvantage in their areas., Achieving Impact - People on thè Edge: There are still groups of people who society overlook., particularly refugees and asylum seekers, travelers and the more vulnerable LGBTQ communities. We will work towards a safer Nl for those most rnarginafised and vulnerable (stsrbng with refugees and asylum seekers, and then the vulnerable LGBTQ+ and trdvelling comrnunlty). Grantwmaking Pollcy As a grant4naking charity, ourfccus is lo make grants that help supp)rt important causes in Northem Iretand. We manage grant funds from a range of donors and funders, and we listen to their views on how they want their funds to be used. Our grant makirKJ is underpinned by our own values and experience. Our grant processes set out the decision-making aullw)rity for diflerenl funds and ensure that all granl appticants are treated fairly and equilably. We have further developed our commitment to making grants in a way that reflects Ihe realities faclng VCSE organisations, now. ar>d for the foreseeable future. We sit on the IVAR (Instttute forVoluntaryAction Research) 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 Granlee NetworL in particular where they have said that they have a need for longer temi funds which include some non-pre5GriPtive fvnding to support their core costs. We are tying to embed this Sn our funds and encourage other funders to do the sam8. We use speafic grant-making criteria for each fund to ensure that grants awarded support ihe furtherancè of the Foundation's charitable objectives,. make the best use of our resovrces and have maximum impaGI. Pages
THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 REPORT OF THE BOARD OF TRUSTEES Publlc Benefft The Communty Foundation lor Northem Ireland provides grants aTKS community development support to local communltles to enable them to address Issues of social justi. All grants are awarded on the basis of evidenc& that the funding will have a positive impact on the loGal communty and the beneficiaries. The preventlon or rellef ot poverty: Grants to disadvantaged communlles will provide support and facilities in these areas. providing local people with iniproved access to beneffts adv[ and support and training to develop their skil]s to gain employment. The advancement of education: Grants to individuals and organisations will enable them to access training and skills to develop their leaming and improve their employment prospects. The advancement of health orthe saving of lives: Grants to organi5atv)ns will enable local Feople to access activities such as physiGal activiiies and healthy eating awareness programm8S that will improve their health and welbeIng. The advancement of Gitizanship or community dovelopment: Grants to communities will bring local people together to develop faGilities and servlces in their local area that will improve their well-being arKI SOGial inclusion. The advancement of the arts. culture, herltage or sclence: Grants to Individuals and organisations wlll enable people to access the arts and lake part in music. drama. craft workshops and other aclivities that will improve their soryal inclusion, skills and welkbeing. The advancement of human rights. wnfllct resolution or Teconciliation or the promotion of rellglous or racial hanOnY or equality and diversity: Grants to organisations will 8nabl8 thes8 organisations to address issues of soclal Justlce and human rights in thelr communities anLI engage in capaclty building to address ¢ontentKtus issues in Interfa communities. Th55 improve Ihe safety and well-being of local people. The relief of those in need by reason of youth. agg. ill-health. disability. financial hardship or other disadvantage: Grants to individuals and organisations will enable local people to access support and activities whh address thelr needs, thus reducing their Isolatlon. improving their soclal indusion and well-being. The above benefrts are dernr through r8search. feedback and evaluations tsken from our donors, funders and grantees and the geneTal communlty. There is no hami or potential for harm as a result of our purposes. Network and other relationshlps The Community Foundation is active in the Northem IrBland Funder Forum. Philanthropy Ireland and the UK Communty Foundations neOrk as well as being a mernber of the ACF {Associallon of Charitable Foundations) and FFP (Foundations for Pea). The Communtty F(xJndation believes that active involvement In bolh local and intemational networks provides important shared leaming as well as reciproGating tha support that NortheTn Ireland has gleaned from International Interest and donots over past years. Rlsk Managernent The Trustees have a rtsk management strategy which wmprises.. . identificatK)n armd regular review of the risks the Foundation may face: . the estsbllshment of systems and procedures tr) mitigate those risks idgntified in the ptan: the implementation of procedures designed to minimise any p)tential impacton the Foundation should those risks materiallse. Page 6
THE COMMUNrtY FOUNDATION FOR NORTHERN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 REPORT OF THE BOARD OF TRUSTEES The Trustees have identified the folbwing risks and have actlon plans In place to manage the rlsks: . Failure to delNer Gommunity impact through our grant-rnaking: Failure to relain and attract new donors: Failure to listen to communities and Understand communty needs: . Inadequate or ineffective g0Veman structures and strategy; Failure io comply viith18gislation: Ineffective or inefficient maTragement of resources: • The impact of extefflal factors such as the pandemic and climate Ghange on our acttvities and our beneficiarie5. The task of wh)nltodng the Foundation's financial control systems and procedures is d818gated to the Finance and Resources Committee. CHARITABLE ACTivrriES. ACHIEVEMENTS and PERFORMANCE We are a grant-maktng charity with a focus on Mang grants that help the most marginalised and vulnerable people in Northern Ireland. We provide support to communitles in Northem Ireland through small and large revenue granis across a range of themes and issues. as well as providing grants and supporl to community groups Ihfough a range of different grant-making and support models. Detailed b8low are some of our achievements and impact during the past year. Our Team We are lucky to have a fantastic team of 51aff vtho are passtonate about making a difference to local people in Northem Ireland and to INing our values of Generous. Thriving and Together. We are continuing to develop our cultur8 of workplace wellbeing and encourage our staff to have a positive work4ife balance and lo priorite their health and wellbeing. Our staff team has grown over the past year, 2nd were delighted to welcome these new staff to join our loyal and committed team. Climate Actlon As a signalory of the Association of Charitable Foundatlons. Funders Commltrnent to Climate Chang8, Wa have conlinued our wort( on climate action. as delailed below: Commitment 1: Educate and Learn - We wlll make opportunltlesfor ourtrustèes, ¥taff and stakehold8rs to learn morg about tho key causes and 501utions of climate change. In 2022123. some of our team undertwk trainlng facilitated by the European Cornmunity Foundations with strong focus on how community foundations become part of the solution to the Climate Crisis. In addition trustees. staff and wider stakeholder5 were given the opportunity to increase their leaming and understanding on climate change at a very local level Ihrough our Clvlc Innovation Programme, which Included two projecis with a focus on dimate iueS. Commitment 2: Commit Resources - We will commlt resources to accelerats work that addresses thè causes and lrnpacts of climata changè. In 2022r23. we continued to develop our staff Climate Action WoTking Group and developed a Climate Action Plan which was approved by our Twstees. This is now being rolled out over the next three years. We have seGured external funding and committed sorne ofour own resources to dellver Ihe Acom Farm. a five year programme to develop a unique urban growing space wiihin the City of Derry. The programme is belng delivered by several partners and will include a series of geodesic dome growing spaces in St Columb's Park. It will becoTne an iconic eco-tourism and visltor destination as well as a focal polnt for local comrnunity climate aclion and food growing, provide horticuliuralist support. prograrnme community engagement and offer formal and infonmal leamlng opportunities.
THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 REPORT OFTHE BOARD OF TRUSTEES We are also supportlng climate actlon through a number of Communty Benefit Grant Funds. supported by local Windfarms. by encouraging appfKants to consider projects that support renewable energies, eneTgy efficiencies and energy poverty. Commitment 3: Integrate - Within all our èxisting programmes, priorities and pro¢assés, wa will seek opportunities to contribute to a fair and la5tlllg transition to a post carbon society, and to SUPPOrt adaptatlon to cllmate change impacts. In 2022123. we approved a Climate Justice Aclion Plan which is part of our new strale9y, ¢overing the next the years. We have contlnued with hybrid workin9 to reduce staff commuting lo the offi. Commitment 4: Steward our Investments for a post carbon future - We will recogni5e climate change as a hlgh-level rfsk to our investments, and therefore to our mlsslon. We wlll proactlvely address the risks and opportunities of a transltion to a post carbon economy in our investment strategy and Its implementation. recognlslng that our declsions Can ¢ontribute to thls transition belng a¢hieved. In 2022123, we have continued to develop and implement an ethical investsment policy. with negalive screening against fossil fuels, in addition lo other ethical reStrIGIns. and posilive screening to activety InVt in green energy and sustainable investments. Commitment 5: DecaTbonlse our operallons - We wlll Le actlon to mlnlmlse the carbon footprfnt of our own operations. Following a gradual part4ime retum lo the office. we have yel to make progress on this issue. Now that we have established a hybrid VK)rking policy. we will prioritise an assessment of our carbon ftprint in our 2023124 plans. Commltment 6: Report on progress- We will report annualty on our Progress against the five goals listed abovo. Wè will continue to develop our practtce, to learn from others, and to share our learning. We report annually to ACF on our progress and attend the ACF Climate ActTron seminars to engage wth and learn from other Foundations on thelr dlmate actlon. In 2023124. we plan to add our dlmate actlon plans and progress reports lo our website. Grant4naklng . We ntinUe lo receiv8 a hlgh number of applications to our fvnds and recewed 1582 applications this rinancial year. 304 of these applications were from new applicants. . We awarded 783 grants tolaling £8.326.037 . Our average grant was £10.594 Our funding breakdown outllnes how our fundlng has led to. orwill lead to the followlng oulcomes: . £35,000 improved health (physical I mental l emotional) . £1,494.360 improved access to communty infrastructure and r8SOUTces . £2,035.825 improved access to service5 and support £37,267 improved aspirations for Ihe future £108,402 improved communtty cohesion £178,830 improved communty facilities £5.000 improved economic 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 aiea £671.811 improved physical heallh and wellbeing . £592,150 improved prorrK)tson of human rights and equality ge8
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 cnmmunily leadershlp and advocacy . £17,264 increased community resilience . £45,205 increased nserVatI)n of k)cal natural Spa and heritage . £122,869 increased GreatNity £27.959 increased digital inclusion £190.325 increased edu¢ational attainment . £5,000 increased knowledge of legal processes and rights £22.799 increased literacy andlor numeracy sknlls • £15.900 increased Organisational capaty and exp8rlise £20.000 increased organisational sustainability £164,535 Increased particfjpation in arts, ltUre and heritage £10.100 increased practical skills £9,000 in¢xeased support for people with spedfic needs to Ilve independenty • £119.470 increased understanding of communty issues arKJ priorities £3.361 increased volUnteerir and social adion . £5,000 reduced (arbon footprint (l.e. waste. emissbns. energy) £281,459 reduced food and fuel Poverty . £75.000 reduced levets of homelessness for Ir1Vidual people £74.219 reduced levels of loneliness for individual peop . £5,000 reduced Offendin8nti-S0Clal behamour . £170.274 reduced sc¢ial isolatlon • £52.000 reduced Stigma and dis(ximinalion For those projects that mmpletsd during 2022-23 our actual impad is; • 5.934 people improved access to comrnunty infrastructure 1.363 used more suslainable transport Systems . 5,844 improved access to services and support 105 are on the pathway to seff*mployment 178 felt better prepared for work . 21,601 people parttcipated in projects that improved community cohesion . 3.727 increased awareness and understanding of other (ajltures • 3.022 were able to have a say in decisions that affect them 13,961 felt an in(xeased sense of belonging in thelr community 13,857 had improved aGC8S8 to communty facilities . 51 new Community facilities were eAeated . 2.688 hours of respite were provided . 5.435 reported successful treatment for mental health 3.575 reported a dUctIOn in stress and anxiety • 8.482 reported significanlty improved mental w8llb8ing 3.198 had increased resilien 6.874 reported Increased sell esteem . 481 people reported better acc8SS to healthy f(XKI . 33 heclares on natural space were maintained or improved . 22 hectares of nalural space were restored or created . 2.453 Number of p80ple reporting increased awanesS, understanding and support for conseNation 14.874 reported improved physlcal welbeing 4.039 partlGipated in SPOTI or exerase 1,190 people parti¢ipated in programmes to promote human rights and equallty . 20,088 reported Improved social networks 5.373 reported Ihey felt less k)nely P38e9
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 develo 347 people tcok action in a carnpaign • 113 organisations worked in collaboration . 5.623 reported Increased skills arKI kn¢)wledge 260 people feli more digitally included 11.297 increased parbcipalion in arts, cul(ure and herttage . 2a6 work or volunteering opwrtunities were developed in the arts se¢tor 25 people with specffic needs were able to seek support lo enable them to live independently . 402 people reduced their carbon emissions . 3,579 feli reduced food poverty 959 felt reduced fuel poverty • 50 evictions were avolded 200 people moved from street homelessness to sheltered housing 11.934 felt less lonety 27,909 felt le55 sooally isolafed 578 felt they fa¢ed less socaal stigma and disrJimination We have been taking a collaborative approach to grant making alongside govemment tM)dies, other funders arKI stskeholders, to ensure fvndlng Is reaching Ihe right people at the right time. We appreciale the support we have received from the local community and our grant applicants and grantee5 over the past year and Iheir recognition of our flexibility and support as a trusting funder. Inspiring Generosity We Gonlinue to encourage donalions and new fun(ts lowards the causes, people and places that need it most, supporting philanlhropic long- and medium-temi investments in lo1 communities. Hugh thanks to all our partners and fur¥Jers without whom. achievements would not bo possible. Thg highlights over the last year were: . New endowment and rev8nu8 fund incom8 for the community and voluntary tOr, including sigTrlficant new Investments in Mid Ulster. In Homelessness and in food suslainability and climate action through the launch of our DerylLondondery Acorn Fami projert . New opportUneS prcgressed in partnership with Indlviduals. corporates and charitable trusls. including cross border partnerships with AM RTE Toy Show and the All-lsland Fund where we brought 30 partners together in September with Community Foundation Ireland; • We invested lurther in tth communicaticS and fund development. recruiting a Fund Development Manager and a Communication3 Manager. During the period all social plafforms. broadcast and prinl media saw an increase In reach. engagement and followers and we frjrther Increased our voice. advocating for thg sector post covid and through the cost-of-living crisis: • The 3rd Philanthropist of Ihe Year award went to Mrs Angeta Moore for her support for educatlon and young poople in Nl. This annual recogniiion in partnership with IOD is awarded by our philanthropy nebNork whose work Is hugely irnportant durlng these financlalty challenging times for our sector: . We continued our legacy match fund scheme. rolfing this out and promoting it to professional advisors across Nl. A tolal of two new gifts in wills were pledged to CFNI during the period; . A series of capactty building resources for philanthropy induding digital fundraisyng, making social enterprise work. trusts and foundations fundraising. managing finances and corporate partn8r5hips were developed for the sectr)r and are available on our website. Loon9 ahead and playing our part in advocating for funders and the sector, we ntributed to charity commisston consultations, liaised with our colleagues in the Nl Funder5 Forum. the Assoclalon of Charitable Fund8rs and UK Community Foundations where wa are members and benefrt from training and leaming. Worklng in partnership wlth the Departrnent of Finance and Department for Communities, we organised and attended many neOrk and leadership meetings. induding an innovation lab on Digital Incluslon to progress our research into digital needs in the sector and DoTmant Assets, wherè we consulted on need, Page JO
THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 REPORT OF THE BOARD OF TRUSTEES Building sustalnable communitie5 • We Gontinued with our Cllmate UL11 subgroup and devebped a Cllmaie Justice Action Plan. We will continue to refine and work on our cfimate pleilges. Climate Actson is a key priority area for the Foundation over the course of its 2023-2026 strategy. Mi¢ro-Communty Investment Fund {in partnership with Bank of IrelarKI) contlnued lo test the Assets Based Approach to grant applications, assessment and devekjpment. changing the narratives of how communi118s are d8scribed in a normal deficiVis$ued based approach. Community Voice Houslng & Homelessness Innovation & Voice Programme- to date, seven project teams have participated in the creatwe problem-solving workshops to support idea generation for possible sokjtions to Female Homelessness. Homelessness affecting asylum seeker5 and refugee5 and Earty Intervention. The Programme Steering Group reviewe(I the programme through a participatlve evaluation process facilitated by the extemal evaluator. This helped in developing a pathway for the current phase of the Programme. . An event focused on fostering collaboralion around the issue of housing 3nd homelessness was organised In partnership with Houslng Rights. Puttlng the ME in HOME and Ihe US in Housing was held on Wednesday 26th October 22 in Belfast. The event was attended by over 100 people representing 30 organisations from across the Voluntary Communty Social Enterprise sector and public sector representatives in¢ludlng the Dept for Communities. Ihe Northern Ireland Housing Executive, and people with lived experience. . A new adapted Innovation programme. wlth inGieased suppjrt for project teams to engage in the process. was developed wtlh the CFNI teams. Workwest and Community Places. The addttional support included more workshops and training on seiting outcomes and preparing a pitch. as well as advice and support from the Programme officer through(xJt the prccess. 10 project teams were recruited to participate in Ihe programme and all teams participated in the creative problem-solving process across 2 cohorts in both Belfast and Coleraine. 9 teams Gompleted all workshops and 8 tearns applied for the Seed Fund grant. • The Steering group decided on a Parlicipatory Budgeting (PB) process for the allocatlon ol Seed Fund awards. The event will the largest PB event in Norihern Iretand ar will take plaGe on 20th July 2023. . Techie5 in Residence- We Caled out further research on the digttal needs of the VCSE sector and launched our Wired-up repoTL This report has fomied the basis of our approach to digital inclusion and galvani5ed funders. teth providers and the communty sectorto collaborativety address the needs ofthe VCSE sectors. We hope to launch some funds and programmes in this area over the course of our 2023-2025 strategy. Page 11
THE GOMMUNITY FOUNDATION FOR NORTHERN IRELAND FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 MARCH 2023 REPORT OF THE BOARD OF TRUSTEES Clvl¢ Innovallon - we held a celebrdiion event In October 22 for the Civic Innovation programma which came to an erKI bn March 2023. In tolal the projramme supported the development of 7 collaboratrve projects to address a range of democracy related challenges. bringing those affected most by the Issues closer to deasion making proGesses. A wde range of issues were supwrted. su¢h as sustainable food systems, Communty planning and k)cal declsion maknng. spatial planning and placemaking. education refom. environmental planning. language and cuiture. criminal Justi reform. social welfare and loGal community participation and deslon making. We were also d81ighted that the programme won a UK Award for Civic Innovatson. Thrlvlng after the Confil¢t . Working with the Intemational Fund for Ireland through the Peace Impact Programme, we continue to support communty groups and organisations In areas and communities within Northern Ireland, where tensions remain high at times: Our Grassroots Leadership Programme enlered its final year. Over tha course of the programme 42 activlsls from 34 ¢ommunty-based organisatsons completed Ihe programme. In addition: . Over 700 one to one mentoring sessv)ns prowded to participants to assist with leadershlp development and support them to overcome challenges local communities ar8 f3ng. . FNe Level 7 Leadership and Management qualificallons aTKI 33 Level 5 Leadership and Management qualffications completed. . 38 Leadershlp In Action proJeGts developed addressing a range of community issues. . 5 people moved to the Soctal Change Initialive's middle leadership prograrnme. Flosl of other leadership development support provided including the importance of selfvGare to activism, developing grant proposals. public speaking and presenting, Foursight (creative problem solving). leadership types and sty18s. conflict management. In Noyember 22. we held a maJor conference for women. the Nothing About Us Wtlhout Us event saw over 200 dNerse. grassroots women from auoss Northem Ireland convene to talk about the needs of wornen not just today. but in the future. The conf8renc8 saw a call to action for an All- Women's Health Strategy for Northem Ireland. bringing us into Ilne with other UKjurisdictv)ns. We aim to build on thi5 call to action throughout 2023. . Under the Social Justice Fund we supported 19 projects lo the value of £118k. • We ¢ontinued our work under the Human Rights Fund and develope¢J plans lo relnvigorate and re- eneTgis8 th8 fund. We are excited to see our plans roll out over tha next 3 years. Peoplo on the Edges • We conlinued ¢)ur commitment to working with the most disadvantaged people in Nl. and becomlng a more dNerse and IluSive organisation and Nyere delighted to recetve a Bronze Award for Dwersity from De[SIty Mark. We will continue to develop our work in this area. . We continued to support fledging organisations lo (Jevek>p their t%pacty and Confiden through otjr New Voices programme. supported by the GarrId Weston FourKlation. Flnanclal Review and Results The Foundation received income from a variety of sources. including other Foundations and Trusts, private donors and the statutory and private sectors. In addition the Foundation utilises some of the income from its (invested) endowrnent fvnds to meel some of its core costs. In 2022123, the prlncipal sources of income came from the Department of Health. Comic Relief. Communty Foundation Ireland (for all island ielated partnerships), Intemational Fund for Ireland. Oak Foundation, Porbcus, The Sigrid Rausing Trust, private indivwjuals and UK Communty Foundations. The Statement of Flnancial Acliviknes on Page 19 indicates that the Foundation had incomg of £4,432,592 which was exceeded by expenditure of £14.674.797 by £10,242.205. Losses on investrnents were £902.734. Page 12
THE COMMUNITY 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 Foundatton had total funds of £39.060.196 at 31 March 2023 (2022: £50.205.135). Unre5trictefJ funds available lo Ihe Foundation at the Balance Sheet date totalled £922,982 {2022: £957.048). Unrestricted funds indude £33.886 of designated funds. Restricied funds arnounted to £18.738.569 (2022: £26,944.700). The Foundalion's capital erKfoMient funds were £19.398,645 at the year end (2022: £22.303.387)- Investmont Pollcy and Perfomlanco The Investment objective for the main portfolio is to generate a total retum of 5.50/0 per annum over tha long tenn. after investment management fees. In 2022-23, (he total retum after Investrnent managemenl fees was 0.60K (2022: 8Q/.). 11 has been a difficult year for investments due to wortd and economic events. While our Invesknenl retums have been lower than ¢)ur target, Trustees are content wilh the Investrnent stfategy thal wa have in place and rewiew this regularty with our investrnent managers. Our endowment funds are invested in perp8tuity and therefore we take a long-temi view of inveslment retums. Over the past fve years. our aveTage annual retum has been In line with the taet. Th8 Trustees have wide investment powers and retain overall responsibility for Ihe management of the Foundation's Investments. The Trustees have dele9ated authority to the Financa and Resources sub- committee to: . Develop and propose an Investrnenl and Expenditure Policy to Trustees. . Define an asset all¢Jcation policy for Ihe investrnents. Oversee arKI approve Investrnent decisions conceming the Fovndation5 capilal reserves. • Review the perf0mnCe of the Foundalion's investments and report (o Trustees regularly. The Foundation utilises Ihe service5 of suitably qualffied and experienced Inveslment Managers to manage its investment portfolio and to provide advice and administration services in relation to investmerjts. However. the TTuslees recognlse that we are uMlmaiely responsible for the management of the Foundation's investments. Th8 Foundation requires the Investrn8nt Managers to carry out negalive screening and avoyd invastments in armaments, alcohol. fossll fuels. human rights abuses. tobacco and pomography. The Trustees also réquire the investment managers to carry out positiv8 screening, i.e. investing in companies that show leadershlp In product design, employee poficies. environmental protection. human rights or other practices. The Investmenl Managers are also required lo conslder the reputational risk in relation io the Foundation's ethos and mission. and draw any suth potential reputational risk to Trustees, attention. Reserves Pollcy The Truste8s take a risk-based approach lo setting our reserves requirements for Ihe folbwing year. Income projections are considered in temis of value and certainty. Income that is deemed high or medium risk is "uncertain" and is therefore provided for in our reserves. If we do not meet our income targets for high and mediurn risk income for 2023124. we have identified th8 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 requirements. The balan on unrestricted reserves at the year end was £922.982. This includes a designated fund of £33,886 to meet the costs of redundanw payments in the event of staff on fixed lemi contracts being made redundant. The batance of unrestricted funds once this designated fund is deducted is £889,096. These funds have been ear-marked for unrestricted granl-making and a number of proSeGts over the next kn years. Reserves Pollcy- restricted funds It is the policy of the Trustees to hold any funds reGetved for a spe(ir purpose as Testricted 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 Ihe capltal fund as a restricied fund with the aim of ensuring a suitablo fulure income streaTn to finan the ongoing work of Ihe Foundalion. The caprtal fund Is represented by a portfolio of investrnents in equilies. bonds. managed funds, property and cash products. During 2022r23 we launched a match funding inittative lo suptM)rt legacy donations lo Ihe Foundation. We have rin*fenced rnatGh funding of £300,000 from our endowment for the legacy match funding initiative. To date (March 2023). we have designated £100.000 of the match funding towards £500.000 of future donations in Ils. This is shown in the aOnts as ? designaled endowment fund. FUTURE PLANS We carrled out the revlew of our 2019-2024 strategy and the development ol our new strategic plan a year early. This was completed in MaTch 2023 covering our Work for the nexi three years and will be launched in early 2023124. We will be working hand in harKI with communities to build a better future Ihrough ambltk)u5 but achlevable targets. The key strategic priorities tor the next three years are: engaging and support communities. driving equity, dNeTsity and inclusK)n: improving wellbeing. We will, with passion and integrity. continue to: Build our financial sustainabilty via diverse income streams and ethical investments: • Develop open, trust-based. inrvale and agile grantnakIng proce5S0S: Support donors and funders to develop their plans for gtving. Wg have launthed a grant-making strategy buili on the principles ofr. . Working collalx)ratlvely to influence pofw. Advocating for communities" • Using impact and knowledge to infom) policy and practice. We will continue toworkwth existing donors whetherlhey are individuals. corporates, statutory bodies or other foundationslfunding bodles. We w(iuld like io take this opportunity to thank all our donors and partners for their continuing support in 2022123. We look forward to welcoming new donorslfunding partners, strategi¢ partners and grant applicants over the coming year. R8sponsibiliti8s of the Trusteos in relation lo the financial statements The Trustees are required to prepare financial statements for each year which give a true and fair view of the slate of affairs of the Foundation at Ihe year end and of the results for that pericd. In preparing those financial ststements the trustees: Select suitable accounting poficies and then appty them wnsistenuy; Make judgements and estimates that are reasonable and pruden(. • State ether appficable Accounting Standards have been followed, subjed to any material departures disclosed and explained in the ffinancial ststements; • Prepare the finanGial statements on the going concem basis unless it is inappropriate to presume Ihat the Foundation will wntinue in belng. Pag¢14
THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 REPORT OF THE BOARD OF TRUSTEES Th8 TrUe8S are responsiblo for kpeping proper ac{>nting rdS which disclose with reason8bl8 accuracy t any time the finanaal positKsn ol the Foundation. The Trustees are also responsible for safeguarding the assets of the Foundation and heTh for taking reasonable steps ftir Ihe prevention and detection of fraud and other legUlarl11es. Auditors Tenders for the prowsion of audit serwces are nomially sought every fNe to six years. A tender proces5 was carried out in 2018 which resulted in Moore (N.I.) LLP {formerfy Moore Stephens {Nl) LLP) belng appolnted as auditors until March 2023. A new tender process will begin in 2023124 for the appointmenl of auditors from April 2024. On behalf of Ihe Board of Trustees ' rfan Johnston (Chairperson) ioES Page 15