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 FOundat￿n 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 P￿￿eSS 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 reS￿nsIbilitY 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
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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 d￿lSIOnS Ihat affect their lives - with the right support avil soclety
can chaThJe this by reinvigoraiing c4vic partiCipat￿n 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 a￿1ve￿ 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 wel￿beIng.
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 ha￿nOnY 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
wh￿h 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 ne￿Ork 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.
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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 Ma￿ng 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 priorit￿e
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 i￿ueS.
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
th￿e 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 reStrIGI￿ns. and posilive screening to activety InV￿t in green
energy and sustainable investments.
Commitment 5: DecaTbonlse our operallons - We wlll L￿e 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 f￿tprint 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
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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 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 capa￿ty 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 Ir￿1Vidual people
£74.219 reduced levels of loneliness for individual peop
. £5,000 reduced Offendin￿8nti-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 awa￿nesS, 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
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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 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 lo￿1 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 opportUn￿eS 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 t￿th communicatic￿S 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.
Loo￿n9 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 ne￿Ork 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 UL￿11￿ 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 Ca￿led 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.
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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 de￿slon 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 f3￿ng.
. 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 I￿luSive organisation and Nyere delighted to recetve a Bronze Award for Dwersity
from D￿e[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 Garr￿Id 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 ta￿et.
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 perf0m￿nCe 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.
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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
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 a￿O￿nts 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. inr￿val￿e and agile grant￿nakIng 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 TrU￿e8S 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 l￿egUlarl11es.
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