Charfty registratlon numbor NIC105105 INorth8rn Ireland)
THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND
LEGAL AND ADMINISTRATIVE INFORMATION
Trusteès
Mary McKee
DrAdrian Johnston
Dr Jane Wilde
Ciaran Moynagh
John Gordon
Dr Sophle Long
Rhyannon Blythe
Caolan Ward
Justin Kouame
Gerard Deane
Sarah Andr8WS
Adele Brown
EJ Havlin
Stephen Rusk
(Appointed 27 March 2025)
(Appointed 27 March 20251
(Appointed 27 Mar¢h 20251
(Appolnted 27 March 2025}
Charlty number
NIC105105
Roglstered offlce
Communlty House
Cilyllnk Buslness Park
Alb8rt Streat
Belfast
BT12 4HQ
Audltor
HM Chartered Accountants
6th Floor East Tower
Lanyon Plaza
8 Lanyon Place
Belfast
Co. Antrim
BT13LP
Bankers
AIB
Universlty Road
Belfast
BT7 1NH
Sollcitors
Edwards & Co Solicitors
3 Floor, Sessla House
61-67 Donegall Street
B8lfasl
BT12QH
Investment advlsors
Ralhbones
15th Floor, City Quays 3
92 Donegall Quay
Belfast
BT13FE

THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND
CONTENTS
Page
Trustees, report
Ind8P8ndent auditorfs report
9-12
ststemenl of financlal activitles
13
Statement of financial posltlon
14
Statement of cash flows
15
Notes to the financlal staternents
16-33

THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their annual report and financial statements for the year ended 31 March 2025.
The financial statemen15 have been prepared in accordance with the accouriling policies set out in note 1 lo the
financial slatemenls and comply with the Charity's governing document. the Charities Act 2008 and "Accounllng and
Reportlng by Charities.. Slalement of Recommended Practice applicable lo charities preparing their accounls Sn
accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland {FRS 1021"
(effective 1 January 20191.
Objectlves and activltles
The Community Foundation for Nl is a local, Independent charitable trust that provides grants and support to local
communilles in Northern Ireland. We help communities in need, drive social change and change Ilves, through
mpactful grant-making, research, strategic partnerships and delivering innovative programmes. Supporting béspoke
giving and providing philanthropic advice we arè a trusted, secure means through which donors choose how, when
and where lo give and we provide a range of management and grant-making services for charitable funds.
Vision
Our vislon is a fair and 8qUitable soci8ty for everyone.
The Communlty Foundation wants lo see a place where generoslty and falrness changes Ilves, Communities
flourlsh, and everyone fee15 they belong.
Mlsslon
Our mission 58 working hand in hand wllh communities lo build a belter future.
Working collaboratively to influence policy. advocating for communitie5. and using impact and knowledg8 to inform
practice and policy, are our key drivers, enabling us to mak8 the changes we want to see.
strategy and Key Objectives
We have just completed year Iwo of our three-year strategy, covering the p8riod April 2023 to March 2026. We are
commilled to being tru8 to our values of Ambition. Passion and Integrity and lo conlinually adapting to moet our
community's needs. Wè believe that involves working on the following prlonties..
Engaglng and supporting communities and promoting community voice.,
Advancing div8rslty, equity and inclusion for our sector,.
Improve well-being.,
Encouraging and securing div8rse fundlng streams, partlcularly Independent and Iransformalional funding Into the
VCSE Sector.
Grant4naklng Strategy
As a grant-maklng charity, our focus 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 listen to their views on how they want their funds
to be used.
Our vision for our grant making is lo develop trust-based relationships that are strong, connected, lislen8d to, and
seNed.
Our grant making is underpinned by the following values..
Flexibility
Agility
Relational
Risk taking
Inclusion
Influencing
Our grant processes set out the decision-making authority for different funds and ensurg that all grant applicants are
treated fairly and equitably.

THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Public benefit
The Communlly Foundatlon for Northern Ireland provides grants and community development support to local
communities to enable them to address issues of social justice. All grants are awarded on the basis of evidence that
the funding will have a positive Impact on the local community and the beneficiaries.
Thè proventlon or rellef of poverty.. Grant5 lo disadvantaged communities will provide support and facilllies in
these areas, providing local people with improved access to benefits advlce and support and training to develop
their skills to gain employment.
The advancement of education: Grants to individuals and organisations will enable them to accéss training and
skills to develop their learning and improv8 Ihoir employment prospects.
The advancement of health or the saving of Ilves: Grants lo organisalions will enable local people to ac¢88S
activities such as physical activities and healthy 6aling awareness programmes that will improve Ihelr health and
well-being.
The advancement of cltizenshlp or communlty dèvelopment: Grants to communlties wlll brlng local people
together to develop facilities and seNices in their local area that will improve their well-b8lng and social Inclusion.
The advancement of the arts, culture, herltage or sclence: Grants to Individuals and organisations will enable
people lo access the arts and take part in music, drama, crafl workshops and other actlvities that wlll improve their
social inclusion. skills and well.belng.
The advancement of human rlghts, confllct resolutlon or reconclllatlon or the promotlon of roliglous or
racial harmony or equallty and diverslty: Grants lo organisations will @nable these organisations to address
Issues of social justice and human rights in their communities and engage in capaclly building lo address
conlenlious Issues in inlerfa¢è communities. This wlll improve the safety 8nd well-being of local people.
Tho advancement of environmontal protection or Improvement.. Grants and support to organlsallons will enable
Ih8se organisations to address issues relating to protecting or improving the environment and engage in cllmate
action.
The reliof of thvse In need by reason of youth, age, ill-hoalth, disabllity. flnancial hardshlp or other
disadvantage.. Grants lo Individuals and organisalions will enable local people to access support and activit18S
which address Iheir needs, thus reducing their isolallon, improving Iheir social inclusion and well-being.
The above benefits are demonstrated through r8search, feedback and evaluations taken from our donors, funders
and grantees and the g6neral community. Th6re is no haim or potential for harm as a result of our purpos8s.
Network and other rélatlonships
The Community Foundation is active in a number of local and internation81 networks.
We believe that our
m@mbership of these networks and organisalions provides important shared learning as well as reciprocating the
support that Northern Ireland has gleaned from international intèrest and donors over past years.

THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Rlsk Management
The Trustees have a risk management strategy which cornprises..
identifi¢ation and regular review of the risks the Foundation may face.,
the establishment of systems and procedures to mitigat8 those risks identifiéd in the plan;
th8 implementation of procedures designed to mlnlmisg any potential impact on the Foundation
should those risks materialise.
The Trustees have Idéntifled the followlng risks and have action plans in place to manag8 the risks..
Fallure to deliver community Impact through our grant-making and programmes.,
Abuse suffered by one of our staff or stakeholders;
Engagement In, or support for activities Ihat damage our reputation.,
Fallure to relain and attract new donors.,
Failure to lislen lo communities and understand community needs.,
Inadequate or ineffective governance structures and slrategy.,
Fallure to comply wlth legislation.,
Ineffective or inefficient management of staff, systems and resources:
The imp8Gt of exlernal factors such as the cosl-of-living crisis, the global economy, health pandemlcs, cybér
threats and cllmale change. on our aclivlties and our ben8ficiaries.
The task of monitoring the Foundation's financial control systems and procedures Is delegaled to the Finance and
Resources Committee.
Achlevements and pertormance
We are a granl-making charity with a focus on making grants that help the most marginalised and vulnerable people
in Northèrn Ireland. We provide support lo communilies in Northern Ireland through small and large revenue grants
across a range of themes and issues, as well as providing grants and support lo communlly group5 through a range
of different grant-making and support rnodels.
Our Team
We feel very fortunate to have a fantastic team of staff who are committed to making a diffèrence to local people In
Northern Ireland and lo living our values of Ambition, Passion and Integrity. We are conlSnuing to develop award-
winning workplace wellbeing and encourage our staff lo have a positive work-life balance and to priorlllse their
health and wellbeing.
Please cllck here for a link to our report on our aGh18vements and Impact for 2024125 Annual-Re
0rt-2024-25. df
Financial revlow
The Foundallon received income from various sources, Including other Foundations and Trusts, private donors and
the slalulory and private sectors. In addition, the Foundation ulilises some of the income from its (invested)
endowmenl funds to meet some of its core costs. In 2024125, the principa5 sources of income came from the Baring
Foundation, Comic Relief, Department of He311h. Henry Smith Foundation, International Fund for Ireland, National
Lollery Community Fund, Oak Foundation, RTE Toy Show Appeal, Sigrid Rausing Trusl, in addition to local
companles and private individuals.
The Statement of Financlal Activlties on Page 13 indlcates that the Foundation had income of £4,541,085 whlch
was exceeded by expenditure of £8,365,355 by £3,824,270. Gains on investments were £17,221.
The Balance Sheet on Page 14 shows that the Foundation had total funds of £26,779,055 at 31 March 2025 (2024..
£30,586,104}. Unrestricted funds available to the Foundation al the Balance Sheel dale totalled £834,060 12024.,
£792.1821. Unrestricted funds include £50,095 of designated funds. Restri¢ted funds amounted to £3.883,004
{2024.' £6,813,996). The Foundation's capital endowment funds weré £22,061,991 at the year-end 12024.,
£22,979.9261.

THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
ReseThies Policy
The Trustees take a risk-based approach to selling our reseNes requirements for the following year. Income
projectlons are considered in terms of value and certainty. Income that Is deemed high or medium rlsk is "uncertain.
and Is therefore provided for in our reseNes. If we do not meet our Income targets for high and medium risk income
for 2025-26, we have id8ntified the shortfall in funding that may exlst and d8sSgnaled £100,000 from our Communlty
Foundation Endowment Funds as a general reserve to cover the next year's expenditure requlrements.
The balance on unrastricted reseNes at Ihe year-end was £834,060. This includès a designated fund of £50,095 to
meet the costs of redundancy payments in the èvenl of staff on fixed-lerm contracts b&ing mad6 redundant. The
balance of unreslricled funds once this designated fund is deducted is £783,965. These funds have been
earmark8d for unrestricted grant-maklng and a number of projects over the next year.
Reserves Pollcy - r8strl¢ted funds
It Is the policy of the Trust888 to hold any funds received for a speclflc purpose as restrScted funds.
Reserves Pollcy- Capltal Endowment Fund
It is th8 policy of th8 Trustees lo hold the capital fund as a restricted fund with the aim of ensurin9 a suitable income
stream lo finance the ongoing work of the Foundation. The capital fund is represented by a portfolio of inv8Stments
in equities, bonds, managed funds, property and cash products.
During 2022123 we launched a match funding initiative to support legacy donations lo the Foundation. We have
ring-fenced match funding of £600.000 from our 8ndowmenl for the legacy match funding initiative. To dale (March
2025), we have designated £295,000 of the malch funding towards £1,290.000 of future donations in wills. This is
shown in the accounts as a designated endowment fund.
The investment obje¢livé for the main portfollo is to ganerate a total return of 6.50/0 per annum over the long term,
aftar investment management fees. In 2024-25, the total return after investment management fees was 1.8 /4
12024.. 11.8 % ). Trustees were disappointed with Ihe low relum, whlch was mainly due lo the impact of economic
events in the US durfng the final quarter of 2024-25.
The Trustees have wide Investment powers and retaln overall responsibility for the management of th8 Foundation'5
nvestm6nls. The Trustees have delegated authority to the Flnance and Resources sub-committee to,.
Develop and propose an Investment and Expendlture Pollcy lo Trustees,
Define an asset allocation policy for the inveslmenls.
Overse8 and approve Investment decislons Concerning the Foundations capital reserves.
Review th8 performance of the Foundation's investments and r8POrt to Trustees regularly.
The Foundation utilises th8 services of suitably qualified and experi8nced Inveslm8nt Managers lo manage its
investrnent portfolio and lo provide advice and administration services in relation to investments. However, the
TTUS18es reGognise that we are ultimately responsible for the management of the Foundation's investments.
The Foundation rgquires the Inveslment Managers to carry out negative screening and avoid investments in
armaments, alcohol, fossil fuels. human rights abuses, tobacco and pornography. The Trustees also require the
investment managers to cary out positive screening, i.e. investing in companies that show leadership in product
design, 8mployee poliGies, environmental protection, human rights or other practices. The Investm8nt Managers
are also required to consider the reputational risk in relation to the Foundation's ethos and mission and draw any
such potential reputational risk to the Trustees. attention.

THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Plans for future periods
We are continuing to deliver our ambitious slralegy to help communllie5 in Northern Ireland to build a better future.
Our plans for 2025126 include..
Further growth and davelopment of our Equity in Action Fund, whlch we established in 2024-25 to support
grassroots organi5ations in building stronger. safer, and more informed communitles.
We wlll build on an independènt scoping exercise on digital Incluslon undertaken In 2024-25. W8 will continue to
grow and devalop our Inspiring Growth Fund
a targeted initiatlve to equip local changemakers with the digltal
resources they need to grow, conn8cI, and innovate.
As a signatory lo the Funder Commitment on Climate Change, we will encourage and support local charitiés and
community organisations to take action to avoid Climate Chaos.
Continuing to supp)rt donors lo eslablish a donor-advised fund with us, lo support them to glve to causes that
matter to them and make a r8al impact on the lives of local people.
Encouraglng donors to make a gift in thelr wlll to the Communlty Foundallon, to shape thelr legacy, support the
causés that are important to them and refléct their valu8s. We will conlSnue to provid8 some mat¢h fundlng for
thès8 future charitable gifts through our Lègacy Match Fund.
Our work around poll¢y will continue to grow and we will look lo further share the impact of our grantmaking around
digital poverty, grassroots engagement, peace building, homelessness, wom8n's health and climate. We are
committed to the promotion of Philanthropy and to supporting the producllon of a Philanthropy Pollcy for Northern
Ireland.
As a social justice organisation we will further develop our human rights work to support the evolving voices of those
who wish to address Inequalities and support civic iniliallves within Northern Iroland. We will be celebratlng the len-
year annlversary of the Human Rights Fund In 2025126.
We will roll out bursaries to individuals as part of th6 Nothing About Us Wlthoul Us Programme.
We will continue lo build strategic partnerships with other funders, not only within Northern Ireland bul In the UK and
further afield.
We have d8V8loped 8mbitious fund-raising targets to support this work. Thes8 are challenging limes in whlch to
raise funding. but w8 hope that by working with our ambassadors, network, new and existing donors. corporat8
organisalions, statutory bodies and other foundations and trusts, we can generat8 new income to énable us to
Continue to Support communities in Noth8rn Ireland.
We would like to take this opportunity lo thank all OLJr donors, funders and partners for their continuing SUPPOrt in
2024-25. We also look foward to welcoming new donorslfunding partners, strategic partner5 and grant applicants
over the coming year.

THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
structurei governance and managemont
The Trustees of the Foundation for the year ending 31 March 2025, who have all been trustees for the whole year
endlng on that date, except as noted below, are lisled on page 1.
The Trustees expressed their appreciation to David Mccurley and Suzanne Lagan who stepped down from the
Board in 2024-25, after both serNing two terms as Trustees.
The Foundation is admlnistered by a Board of up lo 14 Trustees who are assist8d in thelr work by three Standlng
commlttees (the Finance and Resources Committee, the Grants and Impact Committee and the Pollcy Committee}
which involve Trustees and external co-opted members, including those with lived experience. In addition, a
number of selecllon panels are involved in the decision-making process with regard lo the award of grants. Advisory
panels also meet regularly lo support our programmes. These panels normally comprise a significanl number of
volunteers from other organisallons and backgrounds who bring speciflc knowledge to Ihe process, including thos8
wllh lived experience of the issues wo are trying lo address. EaGh of the sub-commitle6s reports dir6Ctly to the
Board. which approves all major strategic decisions and has overall responsibility for all the Foundation's activities.
All Trustegs and Advlsory Panel mernbers seNe In a voluntary capacity.
The Chief Executlv8, Rolsln Wood, manages the day-to-day operatlons of the Foundation wlth support from the
senior management team and wSder staff team.
The Trustees who served during the yèar and up to the date of signature of the flnancial statements were..
David Mccurley
{Resigned 27 S8Ptember 2024)
Mary McKee
DrAdrian Johnston
Dr Jane Wllde
Ciaran Moynagh
John Gordon
Suzanne Lagan
Dr Sophle Long
Rhyannon Blythe
Caolan Ward
Justin Kouame
Gerard Deane
Sarah Andrews
Adele Brown
EJ Havlin
stephen Rusk
(Resigned 27 March 20251
(Appolnled 27 March 20251
(Appointed 27 March 20251
(Appointed 27 March 20251
{Appointed 27 March 20251

THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Recruitment and appointment of trustQ8S
When Trustee vacancies arise, we advertise these on our website and via soclal medla.
We also consider
recommendations from existing Trustees. The Nominations Committee la small group of Trustees plus the CEO) is
appointed by the Board to interrflew potential candldates for the role of Trustee and to brlng a shortlist of
recommendations to the Board for decision.
Candidates are considered in the context of skills. diversity,
geographical and sectoral balance.
Trustees are appointed for a term of 3 years (renewable for a further 3-year term). All Trustees participate in an
annual appraisal with the Chairperson of the Board. Thls involves an annual review of the Trustee's own
performance and the performance of the Chairpèrson and the Board. The Vice-chairperson carries out the
appraisal of Ihe Chairperson. The Board conducts an annual reviow of skllls and diverslly needs and maintains the
personal competence of Board members through relevant training.
Trustee Induction and Trainlng
New Trustees r6ceive a comprehensive Induction pack which includes the Foundalion's Governance Manual. The
manual provldes details on policy and pra¢lic6: the Foundallon's strategy. aims and aclivilies-, managemenl and
governance and what is expected of Trustees under charity law, wllh reference to the Charities Acts. New Trustees
are also provided wlth opportunitles to meet staff and grantees lo learn about the work undertaken by the
Foundation.
Statement of Trustees, Responslbllltles
The Trustees are responsible for preparing the Trustee5' Report and the financial stateménts in accordance with
applicable law and Unlled Kingdom Ac¢ounllng Standards IUnit8d Kingdom Ggnerally Accepted Accounting
Practice).
The law applicable lo charities in Northern Ireland requires the Trustees to prepare flnancial Statements for each
financial year which give a true and fair view of the state of affalrs of the Charity and of the incomlng resources and
appllcation of resources of the Charity for that year.
In preparlng these flnanclal statements, th8 Trustees are requlred to..
select suitable accounting policies and then apply them oonslstently.,
obseNe the methods and principles in the Charitles SORP.,
mak8 judgements and estlmates that are reasonable and prudent.,
state wh8ther appllcable accountlng Standards have been followed, subject to any mat8rlal departurès dis¢losed
and explained in the financlal stat8menls-, and
prepare the financial stalements on thg going concem basis unless it is inappropriate to presume that the charity
will continue in operation.
The Trustees are responsible for keeping sufficient accounting ￿CordS that disclose wlth reasonable accuracy at
any lime the financial position of the Charity and enable Ih8Tn lo ensure that the linancial stal6ments comply with
th@ Charity IAc¢ounts and Reports) Regulations 2008 and the provisions of the trust deed. They arfy also
responsible for safeguardlng the assets of the Charily and hence for taking reasonable 5t8ps for the prevention and
detection of fraud and other irregularlties.

THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Th8 Trustees, report was approved by the Board of Trustees.
DrAdrian Johnston
Trustee
25 September 2025

THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND
Opinion
We have audited the financial statements of The Community Foundation for Northern Ireland (the 'Charity'} for the
year ended 31 March 2025 which cornprise the slalement of financial activities, the statement of financial posilion.
the statement of cash flows and notes to Ihe financial slalemenls, includlng slgnificanl accounting policies. The
rinancial reporting framework that has been applied in their preparation is applicable law and United Kingdom
Accounting Standard5. including Financial Reportlng Standard 102 The Financial Reporting Standard applicable In
the UK and R8public of Ireland (United Kingdom Genefally Accepted Accounting Practice).
In our opinion, the financial stat8ments=
give a true and falr view of the state of the charity's affairs as at 31 March 2025 and of its incoming resour¢8S
and application of resources, for the year then ended.,
have been properly prepared in accordance with Unlled Kingdom Generally Accepted Ac¢ounling PraGll¢e:
and
have been pr8pared in accordance wlth the Charities Act {Northern Ir8landl 2008.
Basls for oplnion
We conducted our audlt in accordance with International Standards on Audlllng IUKI {ISAs {UK)) and applicable
law. Our responsibilities under Ihose standards are further described in the Auditors responsibilities for the audit of
the financial statements secllon of our rep¢)rt. We are inijependent of the Charity In accordance with the ethical
requirements that are relevanl lo our audit of Ilie financial slalemenls in the UK, including the FRC'S Elhlcal
Standard, and we have fu Ililled our other elhiGal responsibilities in accordance with these requirements. We believe
that the audit evidenGe we have obtained is sufficlenl and appropriate lo provide a basis for our opinion.
Concluslons relating to going concern
In auditing the financlal statements, we have concluded Ihat the Trustees, use of the going concern basis of
accounting In the preparation of the flnancial statements is approprlale.
Based on the work we have performed, we have not Identified any materlal uncertainties relallng lo events or
conditions that, Indlvidually or Collectively. may cast significant doubl on th8 Charity's abilily lo contlnue as a golng
concern for a period of at least ￿e1ve monlhs from when the financial slatem8nts arg aulhorised for issuè.
Our responsibilities and the responsibililies of the Trustees with ￿spect to going concern arè described In the
relevant sections of this report.
other Informatlon
The other Information comprises the Information included in the annual report other than the financial statements
and our auditor's report thereon. The Trustees are responsible for the other information contained within the annual
report. Our opinion on the financial slalements does not cover the other information and we do not express any form
of assurance conclusion thereon. Our responsibility is lo read the other information and, in doing so, consider
whether the other information is materially inconsistent wilh the financial statements or our knowledge obtained in
the course of the audit, or otherwise appears to be materially misslaled. If we identlfy such material inconsist8ncies
or apparent material misstatements, we are required to determine whether Ihis gives rise to a malerlal misslalemenl
in the financial statements themselves. If, based on the work we have performed, we conclude that there is a
material misstaternent of this other information, we are required to report that fact.
We have nothlng lo report in this regard.

THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND
Matters on which we arè required to report by exception
We have nothing lo report in respect of the followlng matters In relation to which the Charities Accounts and Reports
Regulations (Northern Ireland) 2015 requlres us to report to you if, in our opinlon..
the information given in the financial stalements is Inconsistent in any material respect with the Trustees,
report., or
sufficient accounting records have not been kept., or
the financial statements are not in agreement with the accounting records- or
we have not recelved all th8 information and explanations we require for our audit.
Responsiblllties of Trustees
As explained more fully in the statement of Trustèes, responsibilitles, the Trustees are responsible for the
preparation of the financial slatemenls and for being salisfled Ihal they glve a true and fair vlew, and for such
internal control as the Trustees delermlne is necessary to enable Ihe preparation of financial statements that are
free from material mis5latemenl. whelher due to fraud or error. In preparing the financial slatemenls, the Trustees
are responsible for assessing the Charity's ability to conllnue as a golng concern, disclosing, as applicable, rnallers
relaled to going concern and using the golng concern basis of accountin9 unless the Trustees either intend to cease
operations, or have no reallsllc alternallve bul lo do so.
Audltor's responslbilitles for the audit of the financlal statgments
Our objectives are lo obtain reasonable assurance about whether the financial slalement5 as a whole are free from
material misslatement. whether due lo fraud or error, aiid to issue an auditor's report that includes our oplnlon.
Reasonable assurance is a high level of assurance bul is not a guarantee that an audll conducted Sn accordance
with ISAS (UK) will always delecl a material misstatement when il exlsls. Misslatemenls can arise from fraud or
error and are considered materlal if, individuglly or in the aggregate, they could reasonably be expected to Influence
tha economlc decisions of users taken on the basls of these financial statements.
Irregularities, includlng fraud, are Inslances of non-compliance with laws and regulations. We deslgn procedures In
line with our responsibilities, OLJtllr)ed abov6. to detect material misstatements in respect of irregularities, includlng
fraud. The extènl to which our procedures are capable of delectlng irregularities, Including fraud. is detalled below.
10

THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND
Our approach to identifying and assessing the risks of malerial misstatement in respect of irregularities, including
fraud and non-compliance with laws and regulations. was as follows..
the engagement partner ensured that the engagement team collectively had the appropriate competen￿,
capabililies and skills lo identify or recognise non-compliance with applicable laws and regulations.,
we identified the laws and regulations applicable lo the charily through discussions wilh trustees andlor
senlor management, and from our commercial knowledge and experience of the sector,.
We focused on specific laws and regulations which we considered may have a direct material effect on the financial
statements or th8 operations of the charity, including Charities Act INI) 2008, taxation leglslation, data protection,
anli-bribery, employment, environmental and health and safety legislation
we assassed the extent of compllance with the laws and ragulations Identified above through maklng
enquiries of management and inspecting legal correspondènce., and
identified laws and regulations wére communicated within the audit team regularly and the team remained
alert to instances of non-compliance throughout the audit.
We assessed the su$¢eptibillty of th8 charity's financlal statéments to material misstatement. In¢ludlng oblalning an
understanding of how fraud mlght oc¢ur, by..
maklng 8nquiries of management as to where they consider8d there was susceptibility to fraud, th8ir
knowlgdge of actual, suspected and alleged fraud., and
considering the internal contro15 in place lo mitigat& risks of fraud and non-compliancg wllh laws and
regulations-
To address the risk of fraud through management bSas and overridg of controls. we..
performed analytical procedures lo identify any unusual or unexpected relatlonshlps.
tested journal entries to identify unusual transactions-
assessed whether judgements and assumptions made in determining the accounting esllmates set out in
Not8 2 were indicative of potential bias., and
Investigated the rationa18 behind significant or unusual transactions.,
In response to the rlsk of irr8gularilies and non-compliance with laws and regulations, we designed proc8dures
which included, but W8r@ not limited lo:
agreeing financial slalomenl disclosures to underlying supporting documentatlon;
reading the minutes of meetings of those charged with gov8rnance',
enquiring of management as lo actual and potential lillgation and claims. and
reviewing correspondence with HMRC and the charity's legal advisors..
There are inherent limitations In our audit procedures described above. The more removed that laws and
regulations are from fSnanclal transactions, the less likely it Is that we would become aware of non-compliance.
Auditing standards also limit the audit procedures required to Identify non-compliance wlth laws and regulations to
enquiry of the trustees and other management and the inspection of regulatory and18gal correspondence. If any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may
involve deliberate conc8alment or collusion.
11

THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND
Use of our report
This report is made solely to the charity's members, as a body, in accordance with section 65 of the Charities Act
INI) 2008. Our audit work has been undertaken so that we might stale lo the charity's members those matters we
are required lo state to them in an auditor's report and for no other purpose. To (he fullest extent permilled by law,
we do not accept or assume responsibilily lo anyone other than the charity and the charity's members as 8 body, for
our audit work. for thi5 report, or for the opinions we have formed.
Angela Cra
an (Senior Statutory
dltor)
for and on behalf of HM Charterad Accountants
Chartered AccounLint$
Statutory Auditor
6th Floor East Tow8r
Lanyon Plaza
Belfast
Co. Antrtm
BT13LP
12-

In
7)

THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND
STATEMENT OF FINANCIAL POSITION
ASAT31 MARCH 2025
2025
2024
Notes
Fixed assets
Tangible assets
Investments
14
15
87,879
22,565,577
101,697
25,559.924
22,653,456
25.661,621
Current assèts
Débtors
Cash at bank and In hand
16
227,640
4,610,017
311,772
5,903,441
4,837,657
6,215,213
Crodltor$: amounts falling dua withln
ono year
17
1712,0581
(1,290,730)
Net current assets
4.125,599
4,924,483
Total assots less current Ilabilltigs
26,779.055
30,586,104
Net assets excludlng ponslon Ilabllity
26,779,055
30,586,104
The funds of the Charity
Endowm8nt funds
Restrlcted incom8 funds
Unrestrlcled funds
22,061,991
3,883,004
834,060
22,979,926
6,813,996
792,182
20
19
26,779,055
30,586,104
The financlal statements were approved by the Trustees on 25 September 2025
DrAdrian Johnston
Trusteo
14-

THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Notès
Cash flows from operating actlvitlas
Cash absorbed by operations
27
14,858,449)
{11,454,065}
Invèstlng actlvltles
Purchase of tangible flxed assets
Purchase of Investments
Proceeds from dlsposal af Investments
Investment Income recgived
13,316)
(5,088,849)
2,798,972
556,774
18,641)
13,163,821)
3,106,519
477,988
Net cash (used In)Iggnerated from
Investlng actlvlt19$
11,736,419)
412,045
Flnanclng activltles
{Decr8a5811ncrease In investment cash
5,301,443
(1,787,954)
Net cash generated froml{used In)
Ilnanclng actlvltles
5,301,443
(1,787,954)
Net decrease In cash and cash equlvalents
(1,293,425)
{12,829,974)
Cash and cash equlvalents al beginnlng of year
5,903,441
18,733,415
Cash and cash equlvalonts at end of year
4,610,016
5,903,441
15

THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policles
Charlty Informatlon
The Community Foundation for Northern Ireland is a reglstered charity in Northern Ireland. The registered
office is Community House, Cilylink Business Park, 6a Albert Street, Belfast, Co. Anlrim, BT12 4HQ.
1.1 Accountlng convontlon
The financial statements have been prepared in accordance with Ihe Charity's governing document, Iho
Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland.
("FRS 102") and the Charlties SORP "Accounting and Reporting by Charities- Statement of Recommended
Practice applicable lo charities preparing their accounls in accordance with the Financial Reporting Standard
applicable in the UK and RepubliG of Ireland IFRS 1021" (effective 1 January 20191. The Charity is a Publi
Benefit Entity as defined by FRS 102,
The financial slalemenls hav8 deparied from the Charities (Accounls and Reports) Regulations 2008 only lo
the axlenl required lo provide a true and lalr view. This departure has involved following the Statement of
Recommended Praclice for charities applying FRS 102 rather than the verslon of th& Statement of
Recommended Practlce which is referred to in the Regulatlons bul whl¢h has slnce b8en withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the Charity. Mon8lary
amounts in these financial statements are rounded lo the nearest £.
The financial statements have been prepared under the hislorlcal cost conventlon, modifled to include the
revaluation of freehold properties and lo include invostment properties and certain financial Instruments al falr
V81uè. The principal accounting policies adopted are sat out below.
1.2 Golng concern
Al Ihè lime of approving the fjnanclal statements, the Trustees hav8 a reasonable expectation that the Charily
has adequate resources lo continue in operalional existence for the foreseeable future. Thus the Trustees
contlnue to adopi the going concern basis of accounllng in preparing th8 financial stat8ments.
1.3 Charltablè funds
Unrestricted funds are available for us& al the discretion of the Trustees In furtherance of their charilable
objectives.
Restricted funds are subjgct to speciflc conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specrfic conditions by donors that the capital must be mainlain8d by the
Charily.
1.4 Income
Income is recognised when the Charity is legally entitled to it after any performance conditions have been
met, the amounts can be measured reliably, and it is prcibable that income will be received.
Cash donatlons are recognised on recelpt. other donations are recognised once the Charity has been notifled
of the donation. unless performance conditions require deferral of the amounl. Income lax recoverable in
relation to donations recelved under Gift Aid or deeds of covenant is recagnised at the time of the donation.
Legacies are recognised on receipt or olhemise if the Charlly has been notified of an impending dlstribution,
the amount is known. and receipt 15 expected. If the amount is not known. the legacy is treated as a
contingent asset.
16

THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng pollcles
Icontlnued)
1.5 Expenditure
Expenditure is recognised once there is a legal or conslruclive obligation to transfer economic benefit lo a
third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligallon can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and
shared costs, includlng support costs Involved in undertaking each activity. Direct costs attributable to a single
activily are allocaled directly to thal activlty. Shared costs whlch contribute to more than one activity and
support costs whlch are not attributable to a sing18 activity are apportioned beiween those aclivities on a basis
consistent with Ihe use of resources. Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
1.6 Tangible flxed assets
Tangible fixed assets are Inltlally measured al cost and sub58quently mèasured at cost or valuallon, net of
depreclation and any imp8lrm8nt losses.
Deprecialion Is recognised so a5 to write off thè cost or valuatlon of assets less their residual values over their
useful lives on the following basès:
Freehold land and buildings
Fixtures and fittings
Computers
20/0 slrai9ht line
200/0 Straight line
330/p straight Iln8
The gain or loss arSslng on the dlsposal of an as$6t Is determlned as the differenc8 betwean the sale procéeds
and the carylng value of the asset, and is recognised in thè slalement of flnanclal activitles.
1.7 Flxed asset Inv8stmonts
Fixed asset investments arè Initially measur8d al transaction price excluding transaction costs, and are
subsequently measured al fair value at each reporting date. Changes in fair valu8 are recognised in net
incomel(expendilurel for the year. Transaction costs are expensed as incurred.
1.8 Impalrment of flxed assets
At each reporting end date, the Charity revlews the carrying amounts of its langlble assets to determine
whether there is any indlcatian that those assets have suffered an impairment loss, If any such indScation
exisls, the recoverable 8mount of the asset is estimated in order to determine the extent of the impairment
loss lif any).
1.9 Cash and cash equlvalents
Cash and cash equivalents inGlude cash in hand, d8posils held at Gall with banks, other short-lerm liquid
investments with original malurilies of three months or less, and bank overdrafts. Bank overdrafts ar8 shown
wlthln borrowlngs in current liabilit185.
1.10 Flnanclal instruments
The Charity has elgcled to apply Ihe provisions of Section 11 'Basic Financial Instruments, and Section 12
'other Financial Instruments Issues, of FRS 102 to all of its financial instrurnents.
Financial instrurnenls are recognised in the Charity's balance sheet when the Charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabililie5 are offset, with the net amounts presented in the financial statomenls. when
there is a legally enforceable right to sel off the recogni5ed amounts and there 15 an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
17

THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng pollcies
{Continued)
Basic financial assets
Baslc financial assets, which include debtors and cash and bank balances, are inlllally measured at
transaction price includlng transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constilules a financing transaction, where the transaction is
measured al the present value of the future receipts discounted at a market rate of Interest. Financlal assets
classlfled as receivable withln on8 year are not amortised,
Baslc financial Ilabllltles
Baslc financial Ilabililies, including creditors and bank loans are initially r8cognised at transa¢tlon prfce unless
the arrangement constitutes a financing transaction. where the debt Instrument Is measured at the present
value of the fulure payments discounted at a market rate of Interest. Financial liabilltles classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using th8 effective Interest rate method,
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabililies. Trade cr8ditors ar8 recognised initially at
transaction price and subsequently measured at amortised cost using the effective inleresl method.
Derecognitlon of Ilnancial Ilabilltlos
FSnancial Ilabililies are derecognised when the Charity's contractual obligations explre or are dlscharged or
cancelled.
1.11 Employee beneflts
The cost of any unused hollday entillement is recognised in the period in which the employee's services are
rec81ved.
Terminatlon benefits 8re recognised immediately as an expenso wh8n the Charity is demonstrably committod
to terminate the employment of an employee or to provide termination benefits.
1.12 Retlrement ben8flts
Payments to defined Gontrlbutlon retlrem8nl beneflt schemes ar@ charged as an expense as they fall du8.
18

THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Crltlcal accounting estlmatos and Judgements
In the application of the Charlty's accounting policies. the Trustees are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other sources. The estimates and associated assumptions are based on historical experience and other
factors that are considerad to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the perlod in which the estimate is revised where the revlsion affects only that
period, or In th8 period of the revision and future periods where the revision affects both curr8nl and futLsre
periods.
Incomo from donatlons and legacles
Unrestrlctèd Rostrlcted Endowment
funds
funds
funds
Total
Total
2025
2025
2025
2025
2024
Don81ions and gifts
198.496 1,319,959
66,456
1,584,911
4,568,378
Incomo from charltablg actlvltles
Unrestrlctod Restrlcted
funds
funds
2025
2025
Total Unr•strlctod R•8trlcted
funds
funds
2024
2024
Total
2025
2024
Charltable actlvltles
Funding recelved
50,891
2,348,509 2,399,400
33,456 1,620,733 1,654,189

THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
In¢ome from charltable actlvltl88
(Continued)
Fundlng recelved:
Charltable
activitles
2025
Charltable
actlvities
2024
Acorn Farm Programme
Axa Parks Fund
Comic Relief Nourish the Nation
Comic Relief 2024-25
Empowering Change Programm8
Henry Smith Thriving Futurès Fund
Housing & Homslessness Innovation & Voice Programme
Human Rlghts Fund
Micro Granl Fund
Nallonal Lottery
Nothing About Us Without Us Programm8
Peace Impact Programme
RTE Toy Show Appeal
Wesleyan Foundation
Other
441,668
309,407
549
165,000
315,000
25,000
366.667
63,477
250,000
100,269
50,000
282,853
250.000
103,298
70,000
234,295
304,509
37,800
36,478
251,886
341,879
53,554
2,399,400
1,654,189
Income from Investmonts
Unrestrlcted Endowment
funds
funds
2025
2025
Total Unrestrlcted Endovfflient
funds
funds
2024
2024
Total
2025
2024
Other income
23,350
533,424
556,774
477,988
477,988
Expenditure on raislng funds
Unrestrlcted Restrlcted Endowment
funds
funds
funds
2025
2025
2025
Total
Total
2025
2024
Fundralslng and publiclty
Fundraising costs
Depreciation and impairment
167,820
1,205
600
82,454
250,874
1,205
186,545
169,025
600
82.454
252,079
186,545
-20-

THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Expenditurè on charltable activlties
Charitable
actlvltles
2025
Charitable
activltles
2024
Dlr6¢t costs
Grant fundlng of actlvities (see note 8}
6,055,891
14.519,562
Share of support and governance co$ts (seg note 9)
Support
Governance
2.041.024
16,360
2,246,760
9,738
8,113,275
16,776.060
Analysls by fund
Unrèstricted funds
Restrlcted funds
Endowment funds
916,119
7,195,657
1,500
984.053
15,695,574
96,430
8,113,276
16,776,057
Tha Community Foundation approved 576 grants totalling £3,815,219 {2024: 651 grants totalling £4,921,072)
to tha volLJnlary and community sector during th8 year.
Grants payable
Charltablg
actlvltles
2025
Charltabla
actlvltles
2024
Grants
6,055,891
14,519,562
21

THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Support costs allocated to activities
Charitable
activltles
2025
Total
2024
2.606
748
11,476
2,698
1.382
43.915
1,951
Advertising
Archiving and Shreddin9
A8sessm8nt & Verification
Bad Debts
Bank Interest & Charg8s
Buildlng Services Charge
Child¢are Vouchers
Cleanlng
Communications & Marketing
Conferences & Seminars
Consultancy & Techical support
Contractual Payments
Depreciation Charge
Employee Leave
Employels Social Securily
EquSpmenl Hlre
Evaluation
Facililalion, Mentoring and Support
Hospitality
Insurance
Insurance - Private Medical
Insurance Health Cashplan
IT Support
Loss on Disposal of Fixed Asset
Memberships and Subs¢riptions
Payroll Servlces
P8nsion
Postage
Printing & Publications
Professional & Legal Fées
Recruitment Costs
Rent and Rates
Repairs & Maintenance
Research
Salaries
Small Equipment
Staff Development, Training and Wellbeing
stationery
Sundry
Telephone
Training (Externall
Travel & Sub51stersce
Governance
1.945
3,839
10,101
1,591
38,732
2,011
53
10,061
46,547
3,838
10,000
15,930
1,236
100,637
2,219
14,391
254,047
12,152
55,223
8,775
16,674
(8,5611
105,303
2,043
103.584
307,383
1,116
37,190
39,072
6,839
1,798
59,502
59,056
{359}
20,349
1,075
123,770
1,262
1,039
5,582
970
27.939
694
16,509
1,033,060
940
12,529
3,342
792
18,501
191,283
22,763
9,738
19,873
1,147
140,629
1,502
307
5,152
6,704
28,568
10
94,067
1,006,543
281
21,486
583
1,168
18,096
45,093
25.426
16,360
2,057,384
2,256,498
-22-

THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Support costs allocated to actlvltles
(Contlnued)
2025
2024
Governance costs comprlse:
Audit fees
Conference and travel costs
Consultancy
Trainlng
6,500
3,680
6,180
6,500
2,404
420
414
16,360
9,738
10 Net movement In funds
2025
2024
The nel movement In funds Is slated after chargingllcr8dllingl'.
Fees payable for the audit of th8 charity's flnancial statements
Depreclatlon of own8d langlblè flxed ass8ts
6,500
17,135
6,500
16,316
11 Employees
The average monthly number of employees during the year was:
2025
Number
2024
Numbor
Operations
Fundraislng and Communicallons
Grants and Programmes
18
19
Total
29
30
Employmenl costs
2025
2024
Wages and salaries
Social security costs
Other pension costs
1,129,580
114,637
149,210
1,102,248
112,338
131,894
1,393,427
1,346,480
Thé number of 8mployees whose annual remuneration was more than £80,000
is as follows..
2025
Number
2024
Number
£60,000 to £69,999
£70,000 to £79.999
-23-

THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
11 Employe8S
(Continued)
Remuneration of key management personnel
The rÈmuneration of key management personnel was as follows..
2025
2024
Aggregat8 compensation
457,070
388,849
Tha k6y management personnel of the charlty ¢omprlse the Trustees, the Chlef Exe¢utlv8 Officer, Director of
Operations, Director of Programmes, Dlrector of Fundraising and Phllanlhropy, Grants Dlrector and Dlreclor of
Public Affairs, Poll¢y and Comrnunications.
The Chief Exècutive's salary is sét following independent advice and a r8view of similar posts in the sector.
The remaining staff salaries, including key management personnel, 8re aligned to the NJC salary scales and
are set using guidance provided by NICVA. The Foundation re9ularly pariicipates in benchmarking exercises
to ensur8 our salary levels are in line with other chanties.
12 Galns and losses on Investments
Endowment Endowment
funds
funds
2025
2024
Gainslllossesl arlslng on..
Sale of Investments
17,221
1,787.955
13 Taxatlon
The charity is exempt from taxation on its activities because all its inGome is applied for Charitable purposes.
-24-

THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
14 Tanglble fixed assets
Freehgld land Flxtures and
and bulldlngs
flttlngs
Comput•vJ
Totsl
Cost
At 1 April 2024
Additions
148,619
205,946
236,551
3,316
591,116
3,316
At 31 March 2025
148,619
205,946
239,867
594,432
Depreclatlon and Impalrment
At 1 April 2024
DepreGlatlon charged In the year
75,819
2,800
193,333
3,580
220,267
10,755
489,419
17.135
At 31 March 2025
78,619
196,913
231,021
506,553
Carrylng amount
At 31 March 2025
70,000
9,033
8,846
87,879
At 31 March 2024
72,800
12,613
16,284
101,697
15 Flxed asset investment$
Llstad Charlty bank
Investmonts
investmont
Daposlt
Accounts
Cash
Tolal
Cost or valuation
At 1 April 2024
Additions
Net decrease in Investments
held as cash
Net galn on investment assets
Disposal
21,220.344
5,088,849
250,000
2,037,885
2,051.695
{1,424,6521
25.559,924
3,664,197
(2,037,885)
680,785
(1,357,100)
17,221
{5,318,665)
17,221
(5,318,665)
At 31 March 2025
21,007,749
250,000
1,307,828
22,565,577
Carrylng amount
At 31 March 2025
21,007,749
250,000
1,307,828
22,565,577
At 31 March 2024
21,220,344
250,000
2,037,885
2.051,695
25,559,924
25-

THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
15 Flxed asset investments
(Contlnued}
2025
2024
Investments at market value comprise:
UK unit and investment trusts
UK equSties
Overseas Direct Equilles and Investment Trusts
GILTS
UK Direct Corporate Bonds
Inlernatlonal Bonds
Overseas Direct Fixed Income
Property
Alt8rnatives
Investments held as cash
Charity Bank Shares
UK lon9 lerm deposit accounts
70,228
3,999,635
8,377,647
2,579,309
1,225,021
496,688
1,237,014
734,545
2,500,257
2.051,695
250,000
2,037,885
3,167,374
8,017,087
4,959.701
943.932
529.088
1,052,105
407,181
1,931,280
1,307,829
250,000
22,565,577
25,559,924
Charity Bank Shares
2025
2024
Hislorial cost at 31 March 2024
Shares
Deposits
Charity bank
Cash
16.902,691
1,307,828
250,000
17.400,268
2,051,695
250,000
2,037,885
18,460,519
21,739,848
16 Dabtors
2025
2024
Amounts falllng due wlthln one year:
Tradé debtors
Prepayments and accrued income
190,958
36,682
26S,892
45,880
227.640
311,772
-26-

THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
17 Creditors: amounts falling due wlthin one year
2025
2024
Notes
Other taxation and social security
Government grants
Trade creditors
Accruals and daferred incorne
25,386
13,400
55,517
617,755
27,224
13,400
97,864
1,152,242
712,058
1,290,730
18 Unrestrlctod funds
The unrestricted funds of th8 charlty comprise the unexpended balances of donallons and grants which are
not subject to specific condltions by donors and grantor5 a5 to how Ihey may be used. These Include
deslgnated funds which have been set asSde out of unrestricted funds by the trustees for speciflc purposes,
Transfers At 31 March
2025
At 1 Aprll
2024
Incomlng
resource3
Resources
expended
Communlty Foundation
Designated Fund
Other
50,953
741,229
(858)
855,143
50,095
783,965
272,737
{1,085,1441
792.182
272,737
{1,085,1441
854,285
834.060
Prevlous year:
At 1 April
2023
Incoming
resour¢es
Resources
expended
Tran5feTS At 31 March
2024
Community Foundation
Designated Fund
other
33,886
889,096
17,067
717,528
50.953
741,229
226,614
(1,092,007)
922,982
226,614
{1,092,0071
734,593
792,182
Deslgnated Fund
This fund 55 Intended to provide for the redundancy costs which the Foundation would incur If there was a
significant decrease in the level ol ils funding and as a result, any of the existing staff who are presently
employed on time Ilmited contracts were made redundant al or before the explry of their contracts.
27-

THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
19 Restrlcted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to speclfic conditions by donors as to how they may be used.
At 1 April
Resources
2024
expended
Incoming
resources
Transfers At 31 March
2025
Acom Farm Programme
Axa Parks
Clvic Innovation & Grassroots
Leadership Programme
Comlc RelS8f Empowering
Change
Comic Relief Grants 2024-25
Comic Relief Nourish th8
Nation
DOH Cancer Support Fund
DOH Carers Support Fund
DOH Mental Health Support
Fund
Henry Smith Thriving Futures
Human Rights Revenue Fund
Kingsbrldge Foundation
New Voices Programme
Nothing About Us Without Us
Programme
Oak Housing and
Homelessness Innovation &
Voice Programme
Peace Impact Programme
RTE Toy Show Appeal
Other funds
69,782
441,668
(333,4941
3,850
177,956
(3,850)
13,618
(13,618)
5,905
1.246
1220,000)
{7,151)
(30,0001
315,000
65,000
150,000
{150,000)
(1,319,753)
{596.265)
1,881,023
779,149
561,270
182,884
1,149,911
{1,063,780)
86,131
366,667
171,580
172,804
502
366,667
250,300
383,880
305,009
18,744
65,850
{743,509)
1229,8201
145,703}
359,780
(19,845)
4,839
45,139
95.893
(55,593)
116,822
63,477
251,886
325,599
1.119,992
1235,5831
{251,857}
1293,529)
{1,662,4691
155,284)
29
366,698
1,741,628
334,628
1,977,663
306,442
6,813,996
3.668,468
(7,196,257)
596,797
3,883,004
28-

THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
19 Restrlcted funds
(Contlnued)
Prevlous year:
At 1 Aprll
2023
Incomlng
r850urces
Rosources
expended
Transfers At 31 March
2024
Acorn Climate Action Fund
Acorn Farm Programme
Axa Parks
Bank of Irèland Cost of Llving
Fund
Clvic Innovation & Grassroots
Leadership Programme
Comlc Relief Empowerlng
Change
Community Innovators
DOH Cancer Support Fund
DOH Carers Support Fund
DOH Mental Health Support
Fund
Fibrus Fund
Human Rights Revenue Fund
Kingsbridge Foundation
New Voices Programme
Nothing About Us Wilhoul U$
Programm8
Oak Housing & Homelessness
Innovation & Voice Programm8
Peac8 Impact Programme
Red Cross FRIS Community
Activity Fund
RTE Toy Show Appeal
Other funds
22,107
55,453
23,953
(24,710)
1295,078)
(45,5751
2,603
309,407
69,782
21,622
87,742
{87,7421
132,680
(112,055)
(7,007)
13,618
18,061
964
5,408,301
2,674,543
25,000
191.454)
10,876
13,527,278)
<1,895,394)
54,298
111,840)
5,905
1.881,023
779,149
6,983,140
28,557
591,063
78,194
128,448
15,833,229)
(58,6691
{627,364)
1116,250)
185,098)
1,149,911
30,112
250,300
56,800
22,500
91,010
305,009
18,744
65,850
70,000
14,1071
30,000
95,893
208.494
(8,0421
282,853
234,295
1374.525)
(234,197)
116,822
7,944
11,000
420,293
1.873,618
(11,0001
{374,949)
11,914,078)
289,284
1.559,821
334,628
1,977,663
458,302
18,738,569
3,130,371 115,701,876)
646,932
6,813,996
29-

THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
20 Endowment funds
Endowment funds represent assats which must be held pèrmanently by th8 Charity. Income arising on the
endowment funds can be used in accordance with the objects of the Charity and is included as unrestricted
income. Any capital gains or losses arising on the assets form part of the fund.
At 1 April
2024
Incoming
resources
Resources
expanded
Transfèrs
Gains and At 31 March
1055es
2025
Endowment funds
Capllal
Endowment
Fund
Legacy Match
Fund
22,734,926
599,880
183,9541 11,806,082)
17,221
21,461,991
245,000
355,000
600,000
22,979,926
599,880
(83,954} 11,451,082)
17,221
22,061,991
Prevlous year:
At 1 Aprll
2023
Incomlng
rnsourcas
Resources
expendod
Transfers
Gains and At 31 March
losses
2024
Endowment funds
Capital
Endowment
Fund
Legacy Match
Fund
19,298,645
3,343,570
1168,719) {1.526,525)
1,787,955
22,734,926
100,000
145,000
245,000
19,398,845
3,343,570
(168,7191 11,381,525)
1,787,955
22,979,926
Lagacy Match Fund
This fund is intended to provide match funding for futur8 gifts in wills to 8UPPOrt the charitable activitles of th8
Foundation in future years.
21 Rotlroment beneflt Schemes
2025
2024
Dfrflned contrfbutlon Schemes
Charge to profit or loss in respecl of defined contribution schemes
149,210
131,894
The Charity operates a defined contribution pension scheme for all quallfying employees. The assets of the
scheme are held separately from those of the Charity in an independently administered fund.
In the flnanclal year ended 31 March 2024, the Communlty Foundation changed to a salary sacrifice pension
scheme, thereby thg penslon contributions for the year inclvde employee5, salary sacrifice contributions.
30-

THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
22 Contingoncies
Under the tems of certain grants, a liability may arise to r8pay in whole or in part grants received if certain
condllions in the grant agreemenl are not complied with. In the opinion of the Trustees the terms of all letters
of offer have been complied with and a liabS1ily is not expected to arise.
23 Commltments
The Foundation's contractual obligation5 arislng through offers of grants made in raspect of whlch either the
acceptancé period has not lapsed or the conditlons had not been fulfilled at the year end are a5 follows..
March 2025
March 2024
2,052,764
5,102,077
Grant Offers
Operating Leases- withln one year
Operallng Leases - belmeen two and five years
27,171
64.017
28,539
90,756
24 Trusteos
No fees are paid to Trustees for Iheir services as board members. Directly incurred exp8nses are reimbursed,
If claimed. Four trustees wore reimbursed for expen<'es amounting lo £496 (2024: £1,182). No olher expenses
were pald on behalf of any Trustee12024: £NIII.
25 Post balance sheet events
There w8r8 no post balan￿ sh88t events for th8 year endad 31 March 2025.
31

THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
26 Related party transactlons
Transactlons with related partles
Related parties include the charity's Trustees and their close family m9mbers and those entities which they
control or in which they havg a significant interest. Persons who are not Trustees but who have a significant
influence over a charity'5 decision-making are also Irealed as related parties. These include staff lo whom the
Board of Trustees have delegated decision-making authority for some transactions. The int8rest5 below are
all recorded in th8 Foundation's Register of Interests {2024.' £451,369).
Name & Role with the
Communlty Foundatlon
Ralated Party
Interest
Nature
Flnanclal
ransactlon
Payment
John Gordon- Trustee
Ulster
Society
Historical
ruste8
Grant Payments
6,000
John Gordon- Trustee
NOW Group
rustee
Grant Payments
8,492.20
Suzanne Lagan -Trustee
Qu88ns University
Employee
Grant Paym8nts
£12,000
Ciaran Moynagh -
Rainbow Project
ruste8
Grant Payments
£30,162.65
ru$lee
Orla Black -
NICVA
rustee
TrainSng Contract
49,943.01
Director of Grants and Fund
Development
Fiona O'Toole
Operations
Director o
Wellbeing
{Calherine
Family M8mb8r
Training Contract
£1,310
Pathway
Murninl
107,907.86
None of these Trustees or staff w8r8 Involved In the d8cision-maklng processes whlch resulted In the flnanclal
transactlon5 above.
-32-

THE COMMUNITY FOUNDATION FOR NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
27 Cash absorbed by operations
2025
2024
Deficit for the year
{3,807,049) (8,474,092)
Adjustments for:
Investment income re¢ognls8d in statement of financlal activllies
Gain on dlsposal of Investm8nts
Depreciatlon and impaimient of tanglble fixed assets
{556,774)
1477,988)
{17,221) 11.787,955)
17,135
16,316
Movements In worklng capltal:
Decreasel(increasel in debtors
{D8crease) in credltors
(Decreasellincrease in deferred Income
84,132
{578,672)
133,4201
1708.846)
11.920
Cash absorbed by operatlons
{4,858,449} (11.454,065)
28 Analysls of chang88 In net funds
The Charlty had no materlal debt during the year.
-33-