Charfty reoi6trakn number NIC 105189
Cornpany reglgtrallon N1037645 (Northem IIEland)
NEW BELFAST COMMUNITY ARTS INITIATIVE
(TRADING AS COMMUNITY ARTS PARTNERSHIP)
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

EW BELFAST COMMUNITY ARTS INITIATIVE
(TRADING AS COMMUNITY ARTS PARTNERSHIP)
LEGAL AND ADMINISTRATIVE INFORMATION
Tii*tses
Mr8 K McFarfane
Mr P Campb811
Mr J Mccam
sécrétwy
Mr C Slilalts
Ch*lty n￿*bar
NIC 105169
Company number
N1037845
Reghtered offlco
The
7 Donffjdl Street Place
Betfa8t
Co. Nntrlm
N￿th￿ Iraland
BT12FN
Irty￿ wmlnor
AAB Group Accowtants Llmlted
1- 3 Arthw Streat
Belfa8t
Co. hntrlm
N￿thern Ireland
8T14GA
Banker8
Ul8tw 8ank
11-18 Dor*1 Sq Ea8t
8elta8t
8T16UB

tJEW BELFAST COMMUNITY ARTS INITIATIVE
(IRADING AS COMMUNITY ARTS PARTNERSHIP)
GoTrrrENTS
statsment OfThe Trusts89 f•FKYt
Ind8pondent ex8mlnaf8 report
Statement of fina￿191 acUvMes
10
Balance 8h8at
11-12
Not&4 to the financbal 8tatemant8
13-25

EW BELFAST COMMUNITY ARTS INITIATIVE
(TRADING AS COMMUNITY ARTS PARTNERSHIP)
STATEMENT OF THE TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2023
The DireGlcKs have P￿aSure in SubmItti￿ their annual reporttogelher vllh Ihe financlal statements for the
year ended 31 December 2(r23.
The lInar￿la1 Statements have been prepared In accoftknce Mrfth th8 &c￿ntIng p￿1cleS set out In note 1 to
the financlal ststements and comply wlth the goverrlng d(wmen( the Comp8nl8s Act 2￿6 and
'ACCo￿tIng aTrJ Repoffjng by Charflles: Statement of Recommerk*d Practlce appllcable to charflles
preparing their accounts In a￿ordance wlth tha Financial Reporting Standard applicable In the UK arKI
Republlc of Ireland (FRS 102). (effecljve 1 JanU￿Y 2019).
Oblecllves and acllvlues
New B8lfast ComMu￿ty Arls Initiailve18 a company Ilmlted by guarantée wh08e objects ar8 r8coan18ed as
charftable by HM Revenue & Cu8tom8.
New 86lfa8t Communlty AJts InlUalJv8 tradlng as Communlty Arts Partn8rshlp 18 a reg18tered chartty (XR
38570> and a company Ilrnlted by warantee {North8m Irel&Jd Nl 37845) and Is reglstered wllh the Northem
IrelaThl Chartty Commlsslon INIC 105169}.
Our Mlsglon Is:
To 1&8d In Ihe promotton, development, and dellvery of communlty arts wacuce to
affect P08ttlve chanoe.
Our ¥l$lon Is:
To foster a I￿*t. Incluslve, peaceful, and creauve soclety where dSveryJlty18 embraced,
and partlcipatlon Is valued.
We malntaln a tr￿Ffold appY0￿ to art8 dgv•lopmenL'
Swiorting 8¢ce88 8ThJ p&lclp8tlon I￿￿9h advooacy and leader8hlp.
Promotlng authorshlp and ownw8hlp vla aclJve engagemert In projects 8nd pYowamme&
Key Pnjgrammes and Acllvltle8 In 2023:
73 groups 4 art form areas on our communlty programm
15 groups w Lwr Inter-commwlty programme.
23 groups places on ow Inter-l￿11ty Slde by Slde prowamme.
55 8¢hoo18 places programmed on our Poetry In Mollon In Schools prO￿aMMe.
22 Po8t in re8ldenc8 wojects on our Poetry In Motion Communlty.
over 5.500 vffjthshop 8fKI event partlclpants and 7,800 sw)port resp￿￿68 made
Communlty Arts P8rtnetshlp conllnu8S to:
Serve as the centra Fdnt of contsct for Ihe communty arts sector.
Advocate for the ￿tOr. engaging wllh govemmenL counclLs. and ats orgaraz8Uons.
Provlde and grow ￿ea[ch and iTff(¥mation disseminatlon.
Develop new Itxal. reglonal. and Internath)nal partnerships.

EW BELFAST COMMUNITY ARTS INITIATIVE
(TrADING AS COMMUNITY ARTS PARTNERSHIP)
STATEMENT OF THE TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT)
(CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
A•kn&y
CAP remalns committéd to Its &Jvocacy role In Northem Ireland. C(￿lIn￿n9 to PTomote th8 profile and
stakn8 of the community art8 Séctor. In 2023. we:
Engaged ￿th go¥emmen( pollcy makers and counclls on a ￿98 of p)Ilcy aThJ 8trattyl¢
con8ult811ons, eg:
Arts COU￿[1.$ 10 year Strategy, ACNI as Ivjst and ufflbrella organisatk￿&Tr l•1.
Pe8ceplus programme developmen( BCC as consullatlve mefflb8r.
EmbraGe 8 G18nt Splrft Cultur8 & Heritage Experter￿a Programm8 Tourtsm Nl, 8$ ¢on8ul
Mlnlslerfj81 Culture. Arts Ind Herftage Stratsgy Ta8klorce. Dfc as member.
NICVA'S Good Governance Gro￿. a8 m8fflber.
ACNI Mlnortty Ethnlc Arts DelIbera￿ve Forum. as membar.
Contlnued to ￿)St update the Art8MatterNI campalon.
Provlded IrrfOrm￿On and res88rch on the poslllve Impacts of communlty arts to ¢)ver 450
orgard8atloM and Schools.
Parllclpated In and hostad a rarvJe of addtlonal Infomial events to foBter rthrklng and
experfenc8-8harlng.
Infomidon SeNlce8
In 21Tr3. CAP'S Infonnauon Unlt furlher exparKled Its reach. woduclng weekly and monthfy e-n8W8 bulleOn8
Ihat grew to over 2700 subscrlbers on avera96 per month. The total hlts on our webslte exceeded 12 mllllon.
rafiecung a continued Increase in engagement.
Thls tnfomiatlon Is avallable through:
Th8 Weekly {CAWI neWS￿tter.
Monthly onllnè fealure8 based frzlne.
The Captaln'8 810g.
OTrllne r*ws pag8s,
The Dlrectory, 8n artlsV¢ommurity ordFne dlrectory.
0urfjJ￿1nQ and advlce surgerfes.
On4lte and OTr11￿ Ilbrary of communlty arts theory and practlc&
Research
Our research efforts in 2023 tsused on ffl8pplng our current 8nd fiJbJre 8ervlce9 wlth communlty. We
collaborated wilh over 120 commurity organisatsons to enswe ￿lev￿Ce integration exlsung
researth 8Ctiwties. This reSea￿h has led to as818llng more than 12 supported 8pF4icaUor￿ to varicw funders.
PLgtform8 for nelworknng and sharing expgrlen¢es
In2023. CAP organlsed consullation for a. aGrog9 a range of issu88. P*tnerfng wllh either statutory agenGie
OFcommunlty partn&5 {or bolh) dtawlrvJ partlclpaljon from local. natlonal, and Intemallonal pracllloners
d pthlonals.

NEW BELFAST COMMUNITY ARTS INITIATIVE
{TrADING AS COMMUNITf ARTS PARTNERSHIP)
STATEMENT OF THE TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT)
(CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
PA1nership Wothlng
Our ¢ommSlment to partnershlp worf(Ing remalned ￿tr￿g In 2(Y23. leadlng to collthrath)n8 wlth a range of
new pathet8, both I￿allY ￿ ￿0$$ border. These p*tnetshlPS IrKlude:
Ftxg8t Me Nots. Dublln", demenlla IncluBive cholr. supported by Creauve Irel￿d.
Mearn UK, refugee expregslve arts.
Fthsprlng. expresslve arts Inter¢ommunlty Pr￿8mme.
Belf&5t and District Trad88 Unlon, May Day évenl 8xhibttlon8 8nd walklng t￿r devélopment.
lrfsh Congre88 of trades Unlons. May Day event development.
Northern Health and So¢lal Care Trust; poety pod programmlng.
The ARC
Th? ARC Gcmllnued io seNe as a vltal resource In 2¢Y23, offerfrvJ a 8ah and ￿li￿vIsion8d 8P￿•fOr
¢re8tfvity. In 2023 facertcrta￿ xllvltles saw a h￿8 r¢swgen¢e and wlth that a rangg of n8w parther5 hlrlng
varlety of space at much higher freq￿ncle9. However, vith pl￿nIng approved for the r•Jev8lopment of
the slte on whlch our HQ Is located, CAP Is now explorfng mean8 to secure the bulldlng as a dedloaled
communlty art8 centre.
Govemanc8 & Management Stnxluro
MS K MGFarf8ne
Mr P Campbell
MrJ Mccam
Management C¢Jmmltt88:
In 2023, th8 Man898ment Commlttee ¢ontltwed to provlde straleglo dlrecllon and g¢)vernan¢g for CAP.
commlttee wa8 comprfsed of 3 trustees and 8 company secretary. John Mccann (Chalr), Karen McFarfan9
(Vlce£haif), Phlllp Campbell (Fln8nc8) arKI cOrK￿ Shields (CEO and Company S8cr8t2ry) respectlvely.
Day-trDay Operatlonal ManagemenL
Under the leadewship of Chlef EX￿tive C￿CK Shlelds, CAP'S operatlons ¢(￿tInUed to thrf¥e. In 2023.
personnel levels vMre malntaln&J across cor8 opwathjns and Ind88d. project cocrdlnators and freelance arts
and creative rxoducers.
Rlsk Ass888ment
CAP'S malntains ongolro and constanl revlew of rfsk and Its rnanag￿ent Via our central rfsk register. We
ve a traffic Ilght system In plaGe to identify and manag8 risk across go¥￿ance. qjerations. finances. aThl
axtemAI factors. ensurfng that CAP remalns resllient and adaptable. Ad(Il(￿al Iwge ¥Hle events off-
rn￿86 has se8n the development of new ￿sk assessment protoco18. Similarly. all arttst In ro8ldent
prograrnmes have a new rlsk assessment tool (online) as well as trainlng and In￿clIc)n In Its Implements￿on.

NEW BELFAST COMMUNITY ARTS INITIATIVE
(TRADING AS COMMUNITY ARTS PARTNERSHIP)
STATEMENT OF THE TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT)
(CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Financl81 Revlthv
Th8 Statement OF FlnarKial Actlvlues descrfb8s New Belfast Cornmunlty Arts Irltlatlve (trading as Communlty
Arts Parbier8hip'8) income and exp8ndilure and funds for the y88r. The Income of£379,866 was slgnffic8nly
highw than the prevhJu8 year, Slgnlficant capital 5ubventlons and much 8ppreGl8ted dC￿allOr
accounllng forthe tse. Overall expenthbjre of£292,581. decrea$irKJ from the pre¥lous year.
In year. ow ￿ncIpal fvnder, Ihe Ajts Councll of North8m Ireland (ACNI) again agreed to contdbute
£211,144 through Its Annual Funolro Programme through a Mge of core and proaramme fvndlng.
CAP also recelved slgnmcant capltal Investmentfor equlpment from Its prfnclpal iknder.
8dfast Clty Counell agreed to contrfbute £38,250 in a new cycle of Core Mull-Annual Grant ald. al￿g wlth
v￿ou8 projects thrO￿h Communlty F8Stlv8ls fvndlrwJ.
Tl* ye8r refiected the ong¢lng p8ttem of prOu￿rnIng acro8s the year and the reglon.
Reserves
Ca8h at hand: A8 of December 20rJ. cash at hand stood at £109,769. all￿n9 for re¥¢Nas to be
r8laln8d to a¢Jdress ongolng contlngenl Ilablllties and Ihus er*urlng organlsallonal stability.
Contlngenl Ilablllly 1$ alway8 of GonG8m: CAP has 3 pennan8nt employees 6 part tbme freelance co-
or¢Jnators. Thls presents an addltronal Can￿ngent Ilablllty In 18rm8 of potentl81 redundarKy approachlno over
£80.ChJO. Sugqe8tad best kyactlce ￿Und Iha retenllon of re8erv88 by ACEVO and Irwjeod NICVA 18 314
monlh8 tumover. (At tN8 tlme, we have no slgrdftcant penslon Ilat41111es to report. Ho￿*Ver. we currently do
not eommand adequate fund reserve8 to mikngat8 our contlnaent Ilabllltles and th8 organl8alon18 8trwgllng
to a￿ment[ts 8blllty to fund these finanGlal r18ks and Indeed a rarvJe of rfsks that cannot be foreseen. as
h88 been hlghllghted by the Impact of th6 global pandémlc on our day to ¢Jay worklFvJ).
P￿11¢ Benefit
In 2023. CAP contlnued to dellver on Its charftsbk objects, advan¢lng pU￿1C educdon In the art8, fo8terfng
communlty developmenl, and pn)vldlng facllllles for Greadve 8npJemenL All as8ets wer& u8ed In 8UPPOrt
th8se obJpAffv65. wlth 88rvlceg ¢)ffered free at the polnt of Cont￿t.
New &mIr￿tsU8 for transportatlon of both equlpment and partlclpants I slaff. '
New podcasting ewlpment for profe88lonal and C1￿Mu1￿ty access,.
Uprated prasentailon and dlgltal film makirlg equI￿ent I￿lud￿g cameras, projectors arKI laptops..
Moblle alr Purf￿ng system8."
Scrwing new arts resource centre to enhance communlty arKI wofesslonal offer.
- supported by Ajts co￿¢11 of Norfhem Ireland Health and Safety c¥ltal gt8nt

NEW BELFAST COMMUNITY ARTS INITIATIVE
(TRADING AS COMMUNITY ARTS PARTNERSHIP)
STATEMENT OF THE TRUSTEES REPORT (INCLUDING DIRECTORS, REPORf)
(CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Fubjre Development
Loc*lng ahead to 2024 and b8ycnd. CAP plans to seek greater and more dlverse Investment from both an
expanded rollcall of f￿derS to suppjt core op8rallonal sustslnaLllity and partr￿ In new and excltlng
probct wc¥k In community settings.
Pubilc Ben8fit
New Beifast CommuTMty Art8 Inltlauve Va Communlty Arts Partner8hlp Identfftes Its ch8rltaUe ot4ects a8:
(1)To advance publlc edwatlon 8￿j sllmulate and edwte interest In the Arts for the benefit of the puUIc
d communllle8 In N Ireland armj els6vh￿re (th8'8rea of b8nefit'). particulady but not 8xdu8lvely, by any
or all of the fdlowlThJ means..
(a)promotlng. organlsing 8nd publlclslnq cultural 8rt8 actlvlues, events.
woth8hop$, Inltlallves exhlblUon8'
(b)enctsJr&Jlng appreclalon for 8nd thé partlclpatlon In communlty arts and the cre8tFv8 art8 by
people In Ihe area of b¢n8fit Ihrough tho provision of Infmatlon. publlcatlon8, advl¢e, support,
tralnlno arKI f8cllltle8
(c)provldng •Jvocacy on behalf of Ihe art8 8ècior. partI¢￿arlY relatlna to ￿mmUnIty arts
perfcIn￿ncQ$,
(2)To advance communlty d8¥elopment by enga￿n9 wlth and a8816tlng Such groups ￿￿19&1J0n8. that
have a genulne Interest In fvrthering the Objects of the Charfty.
to organlse and paruclpate In culI￿ra1 and
arts projects and InlUatlve8.
13)The provlslon of fadlltles and amenltles for recreatlon and other lelsure-tlme (KCUpa￿on wlthln N Ireland
wlth the ob]éct of Improvlng the coThJlllons of Ilfe of members of the publlc havlng ne8d of s￿h f8clllll88 ty
rn88oro of th8lr age, sex. youih. dlsabllltte8. Poverty arn180clal and aconomlc clrcum81anrns.
(4)To Fyomota such other charftatde purpose6 as may from tjme to tlme be determlned.
I Ihe charfvs 88sets are used fci tharltat4e purp08e8 In 8UPPOrt of these oLlects. 8oardJMan4ement
Commlttee members do not recdve any monetsry b8nefit for Ihelr role In goveAnlng the charfty. In the
ent of 8ny w1￿￿n9 LP of th8 charfty Its remalnlng a3s8ts shall be trar)sfeired to another eharltable body
wlth slfflllar objects vla cy pres. We strlve to offer all servlce5 fre8 at the polnl of Cc￿taCt.
Future Development
We will oontlnue to grow arKI support current and new Inllatlves Includlng local. natlonal and Intematlonal
symposia, progress local strategy development around communlty art8 p￿1￿8, advocate for b8tter
processes for culbjral producers and develop new tranlng swort programmes for 8rt18ts and
communlues ar¥J with dthlopino our reglonal workshop and wolect offe￿ng.

NEW BELFAST COMMUNITY ARTS INITIATIVE
(TRADING AS COMMUNITY ARTS PARTNERSHIP)
STATEMENT OF THE TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT)
(CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
statement of Statement of the Trustees res￿81￿11111es
The TnBtees, who are also the drectors of New Belfast Communlty Arts Inltlallve ts thB purpose of
c()np8ny law, are responsible for preparing the Statement OfThe TnBtees Report and the financlal
statèments In accorda￿8 appiiGable law and Unlted lQngdom ACCOUn￿n9 Starvjards {Un1￿j KIn￿l￿n
Gener4ly Accepted Accounung Pracfjce).
Coryany Law reqL￿re8 the Trustee8 to prepafE financlal ststements for each Ilna￿l81 yearvthlch glve 8 true
I fair vlew of the State of affalr8 of th8 ch8rSty and of Ihe Incomlng restyjrces and appllcauon of
resouTce8, Includlw the Income and expendlture, of th8 charltable company for that year.
In prepartng these fin?￿¢185 ststements, the Tntstees 8re requked to:
- Select sultable accountlno pollcles and tWI apply them ¢on8lstenUy;
- ¢Jb8eNe tho methods and wlnclples In the Chorfd88 SORP;
- rn8ke judgements and e81Smates that are rea8onall8 and pwden¢
- State whethr apytcabla UK Accounting Si8ndardB hav81)een follow&J, sub]eGt to any materld deparbjres
dsclosed and explaln8d In Ihe flnanclal statements: and
- Ffepare the flnanclal statements on the golrvJ concem baBls Lmle89 It Is Inappropdate to presume that the
charlty wlll eonUrn8 In operatkjn.
The TnJBtees are respcffl$lbl8 for kee￿Tra adeqJate acCo￿tIng records that (Isclc6e ￿￿th reaBonable
accuracy at￿Y ￿rne th8 flnanclal posltlon of the charity and enable them to ensure thai the flnanclal
8tatements comply vAlh thè CoM￿leS Act 20c￿. They are also respon81Ne for safegu¥dlno th8 &58ets of
the cha￿ty and hence for laklng reasonable 8leps for the pffjvenljon anrj deteGtion offraud and other
Iff¢gu￿11QS.

NEW BELFAST COMMUNITY ARTS INITIATIVE
(TRADING AS COMMUNITY ARTS PARTNERSHIP)
STATEMENT OF THE TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT)
(CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Dlsclosure of irTFomaUon to audlior
The Trustw who held office at the d* of apwoval of this report confirm thaL to th8 bést of thelr
knovAedge, ther6 is no relevant 8udlt Informatlon of which the charity's auditors are unaware. Each Trustee
ha8 tsken aN ne¢e88ary 8tep5 to ensure that thoy ara aware of any relevant audit Infomiatson.
Audttor
AA8 Gro￿ A¢¢f￿ntsnts Urnlted hav6 exwessfjd Ihalrwllllngn88S to coilJnu8 a8 audltor8 for CAP. and In
accord8nce wllh Artcle 382 of the Compan188 Act 21Th, a resoluuon syopoglng th8lr reappdntsnent wlll ba
8ubmltted at tha next General Mootlng.
Approval
TN$ report was approved by the Dlrector8 and 81gned on thelr behalf.
Mrc
lelds
Company Secr8lAry
Dated: 31110r24

NEW BELFAST COMMUNITY ARTS INITIATIVE
(TRADING AS COMMUNITY ARTS PARTNERSHIP)
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF NEW BELFAST COMMUNITh ARTS INITIATIVE
I repgrt to the Trustees on my ex8mlnation of finan¢lal stsiwnents of New Belfast Communlty Art8 Inltiatlve (the
¢harftyl foy the year ended 31 December 20Y8.
Resp￿81b111tles b8818 of report
8 the Tru8t8es of the charlty (and also It8 dIreci￿ ft)rthe purpose5 of c(rfnpany1gw) you are respon&lble for thè
&Y8para￿On ofthe IFnanclal statements In accordance vlth the requlrwnents of the Companles Act 2006 (Ih8 2008
t).
Havlry 8atlsfiwJ my801f that the flnanclal statsments of the charlty are not requlred to be audtted under Part 18 of
tho 20C￿ Act and are ellglble for Indep8ndent examlnatlon, I report in respect of my 8xamlnalon of
the charity8
financla statements card&J out under Se￿On 65 of the Ch￿lIeS Act (Northern Ireland) 2008 {th8 2008 Act>. In
caryEng out my examlnalon I have followed all tha appllcable DlrecUon8 glvan by Ihe Charlty Comm1881on under
8eCt(on 65(9Kb) ofthe 2008 Act.
Independent examlnefs 8tatement
Slnce your ¢harltl8 gr05s Income exceeded £250,￿)0 y￿r ex￿In￿ must be a member of 8 IIBted body. I can
confim that l am quallflad to undgrtake th6 8x8mlna16on becsuse l am a raglstered member of Institthé of Chartered
£countsnts Irela￿ IICAII whlch Is one of ￿ Ilsted bodles.
I have completed my examlnalon, I connmi that no matter5 have come to rny atten￿On In conn8cUon wlth the
ex8mlnallon glvlng m8 cau88 to believe that In any materlal respecL'
apKountino record8 wère not kept In respect of the charlty 89 requlred ty Sectlon 386 of the 2006 Act: or
the financlal statem$nts do nol accord wfth records: or
the financlal Statements do not comply vAth the accounllng requlrements of Bectlon 396 oflhe 2008 Act other
than any requir&ment that the aCcO￿ts glve a Injg and fair view whlch15 not a mattgr Gonsidered as part of an
iTrJepend6nt Oxamlnalon; or

NEW BELFAST COMMUNITY ARTS INITIATIVE
(TRADING AS COMMUNITY ARTS PARTNERSHIP)
INDEPENDENT EX4MINER'S REPORT (CONTINUED)
TO THE TRUSTEES OF NEW BELFAST COMMUNITh ARTS INITIATIVE
th8flnancld 8tatem&nts have Th)t been prepared Sn accordance wlth the method8 arwj WI￿1￿88 of th8
Statsment of Recommended Praclce for accounung and reportlng by chadtles eppllcable to chorftle8 preparfng
thelr accoLYrt8 In accordance wlth Ihe Financl81 Rewrting S￿d￿d appllcable In th8 UK and Rawbllc of Ireland
(FRS 102).
I have no concoms and have corne across no othor matters In Ct)nne¢tlC￿ wth the examlnadon to whlch attentlon
shwld bè drawn In th18 report In order to enabl8 a proper urKlorgtsndlno of the flnanclal ststements to be feached,
lichael Farrell
For, ond on behalf of.
A48 Group Accountsrts Llmlted
Ch8rterad Accountants
Statutry Audlto
1- 3 Arthur Stra8t
Belfast
Co. Nntrlm
BT14GA
Northem Irel

NEW BELFAST COMMUNITY ARTS INITIATIVE
(TRADING AS COMMUNITY ARTS PARTNERSHIP)
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
Unr6strlcted R68trlcted
nds
funds
TotAI Ur￿tr￿ted Restrtcted
funds
2022
Total
21Y23
2022
2022
Irthmè 8TrJ¢)wments from:
DonaUon8 and legacles
Ch&llable aclviti88
C>th¥ Incom8
43,612
25.637
11,574
247.394
51.489
291.008
204,963
19,339
205282
76.104
68,7e5
11,834
Total Incom8
80.723 299.143
379.8ee
57,094 224292
281,386
Eypendltwe orL
Charftable aGtlvllas
23,813
288.988
292.581
88.545 236.044 3ff2,589
Total experKlI￿r8
23.813
288.968
292.581
66.545 238.044 W2,589
Net IncoMel(exw￿tuffj)
d movement In fund8
57.110
30.175
87285
<9,451) (11,762)
(21,203)
ReconcEllatlon of fvnd&
Fund b8lance8 at 1 January
4.183
59.138
84,406
15.935
80.341
Fund balances at 31
Dec&nber 2023
112.065
34.368
148.4fd
4,183
69,138
The 8tatom8nt of fln8ncl81 acuvlueg Includ&8 all galn8 and losses recogn18ed In the year. AJI Income and
expendltsjre derive from conllnuFng acllvlUe8.
10-

NEW BELFAST COMMUNITY ARTS INITIATIVE
(TRADING AS COMMUNITY ARTS PARTNERSHIP)
BALANCE SHEEr
AS AT 31 DECEMBER 2023
20fd
Flxed a88ets
Tawlble 888ets
Current 8888ts
11
38,191
14.547
12
8.112
109,769
9,670
42,780
Ca8h at barlc and In hand
115.881
Creiltors: *nowt8 falllng du8 Wttr4n
one year
14
(1.849)
(1,759)
Net ¢u￿ent a8￿ts
108,232
44.691
Tclal 8888ts le88 current Ilablllll88
148.423
59.138
Income funds
Re8trlGted funds
Urffe8trlot&J furmts
16
4,183
112.065
146.4Z3
59,138
11

NEW BELFAST COMMUNITf ARTS INITIATIVE
(TRADING AS COMMUNITY ARTS PARTNERSHIP)
BUNCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023
The cOmp￿Y Is enllU8d to the exemFllon from thg a(MJli rwulrement ¢c#tsined In 88Ctlon 477 of th8
Companles A¢t 21YJ8. ts Ihe yew end￿ 31 December 2ry23.
Thg St8tem8nt of tho Trustees re8pon8lbllllleg for erourlng tst1h8 charlty keeps aCc￿ntIng records wNch
comply wlth sectton 386 of the C¢xrynles Act 2006 and fLY preparfng accounts whl¢h glve a tn￿ 8rNJ falr vl8W
of the slate of affalr5 of the Company as at the end ofthe flnan¢lal year and of Its Inc￿n1￿j resources and
apF41oallon of re5wr￿S. Induding Its Income and •xpeTrJliwe, forthe fin￿681 y88r h acccth¢a wlth the
reqLlrernent8 of8ecllons 394 and 395 and whlch otheNise Compty wilh the rewrements oflhe Companles
Act2(M16 relatlna to accounts. so faras applicable to c(ry8ny.
Thé membefs not requlred the company to obtaln an a￿lIt0f Its fflnanclal 8tatem*)ts forth& year In
qU8sUon h accordance wlth secllon 478.
Th88e fin￿la1 8tat8ments have been prepared In acc¢xdanco wlth th• wovlalon8 •*tcable to ¢Thnpan1è8
8ut¥￿t to the small compard88 rnglm$.
Tho flnanclal $tatement8 were approv•J ty the Trustee8 31110124
MrJ
ann
Mr
onor Shlelds
Secretary
Tn￿lee
Company Reglstrallon No. N1037845
12-

NEW BELFAST COMMUNITY ARTS INITIATIVE
(TRADING AS COMMUNITY ARTS PARTNERSHIP)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
nllng pollcies
Charlty informatlon
New Belfast Communlty Arts Inltiative Is a thate company Ilmlted by guarantee Incorp)rated In Northern
Ireland. Th8 reglstered office is Tre ￿¢. 7 Donegall Street Place, 8eKasL Co. Antrlm. BT12FN, Northam
Ireland,
1.1 kcounttng conventlon
The financial statements have been wepared In accordance wlth the tth8rtty's Igovem5ng documenlj.
Companles knt 2008, FRS 102 Yhe Flnanclal R8portlTrJ Slandard applloot4e the UK and Republlc of
Iraland" ("FRS 102.1 and the Charftles SORP "AGcounllng and Rewrtlng by Charlt185: Statement of
Recommended Pracuce appllcable to charitles preparfng thelr acc¢xJnts In a¢¢ordance wlth Ihe Financial
Reportlng Standard appllcable In the UK and R8publlG of Irel￿d (FRS 102)" (effectlve 1 January 2019). The
¢h8rlty18 a Publlc Benefft EntFty &8 defined by FRS 11r2.
Ihe
The charlty has taken adventage Of the provlslons In Ihe SORP for chartttes not to prepare a Statement ol
CaBh FI￿.
The flnanclal 8tat8ments are prepared in 8terllng. whlch18 th8 fiJnclknal cutyency of the ch8rfty. Monetary
nounts In thes8 flnanclal 5tatement8 ar8 Tounded to the newest £.
Th8 flnanclal statements have been prepared under ts h18torlcal cost conv8nUon. [modlfled to Include
e revalu8tFon of freehold propertles and to Include Investment propertle8 and certaln flnorKlo1
tnslruments at falr valuel. The prlnclpal accounUrvJ pollcles adopted are set out below.
12 Golng concem
At th8 t(me of 8pprovlno the ffnan¢lal Statements. the Tru8tees have a reasonable expectauon that lh8
chadty ha8 ad8quate resources to contlnue Ir) operatlonal 8x18tence for the foreseeable fLrture, Thus lh8
Truste85 conllnu8 to adopt the golng concam basls of a¢eountlng In preparlng the fflnanclal statements.
1.3 Charftable funds
Unreslrf¢ted funds are avallabla for u8e at the d8Gretion of Ihe TftAtee8 In furth•ran¢e of th8lr ¢h8rltsbl&
oblecdves.
Restdcted fvnds ar6 Subject to speclflc condltlorB by donors or grantr)rs as to how they may be used. The
purposeB and uses of the re8trfGted funds are set in thg notes to the Ilnancial statements.
1.4 Income
Income Is recognlsed when the charity [8 lega51y en1t1￿ toll after any p8rfomance conditiong have been
me( the amounts can be measured r81i8bly. and It Is probable that income wlll be reGeived.
Cash donatlons are re¢ognised on receipL Other d￿at[an8 are recognls8d once the chartiy has been
notified of the donation. unless perfomarKe Gonditions requlre deferral of th8 amount.
Income lax
recoverable In relatlon to don8Uons recelved urKler Gift Ald or deets of covenant Is recognlsed at the
time of the donation.
13-

NEW BELFAST COMMUNIry ARTS INITIATIVE
(TRADING AS COMMUNIry ARTS PARTNERSHIP)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
AccountiThJ pdicies
(C(rfnued)
Leaacles are recognlsed on recelpt ¢X othèrwls8 If thè charlty has been noufied of an Impendtng
dlslritjutlon, the amount Is known, and recelpt Is exFected. If Ihe amount is not known, the leg&y is
treated a8 a ¢onlJngent asseL
1.5 Expendltur8
Expenditure 58 rttognl8ed oncè thérels 8 lag81 or constructlve obllgatlon io transfer ecortomlc b8Mfit to
8 thlrd party. It Is wobabl8 th91 a Iransfer of econrjnk b8nefits wlll be requlred In Bettlement. and the
amount of the L*llgalon can be measured rellably.
Exwdlture Is dassffied by acdvlty. The costs of each acovlty are made up of the tolal of dlrect costs and
red costs. tn¢ludlThJ sUpr￿rt costs Involved In uTrJ&tsklng each a￿vIty. Dlre¢t costs attdtsut8￿e to a
songle a￿vItY are allocated dlrectly to that acllvlty. Shared Gosts hNfilch contrlbute to than on8
8Ctlvlty and support costs whl¢h are not atblbulable to a slngle aCtJV￿ are appthoned be￿8￿ th098
acuvlues on a Ws con8lstent wllh the of resourc89. Central staff costs we allocaled on Ihe baBi8 (
Ilmé gpent, and depreclallon Charg￿ are allocated on the poruon of the agset'8 ￿fj.
Expendliure 1$ ￿COgnISed once Ihere Is a leg81 or comtructlve obllgatlon to make a payment to a thlrd
party, It18 probable that settlement w511 be requlrnd and the amount of the obllgalon can be mea8(red
rellably.
Expendlture18 classllled under the followlng acJvlty headlng8:
&xpendltLwe on chartlabla acllvltles Includes the costs of sUpp￿6￿a refvgee famllies and actlvllles
undert&ken to further ts purpo8es of Ihe chadty and thelr a880clated gLlPPOrt ¢ost9;
Other expendlbJe rewe8ents those Items Tr)t falllng Into any other headlng.
l(recoverable VAT18 charo8d as a cost 4alnst the aC￿vIty for whlch the exwdlture was In¢uffed.
1.6 TangSbl8 ftxed assets
Tanglble ilxed 8s86ts are InllJ8lly measured at C08l and sthequenly measured at ¢0gt or valuatlon, net of
depr8olaUon 8TrJ any Impalrnient lossos.
Depraclatlon Is rtswgnlsed so as to wrlté off the cost or valuatlon (rfa88ets less thalr regldual v81u8s over
thelr useful lfves on the foll￿ng baw:
Offlce Equlpment
Fixlures ffttings
Computer Eq￿pfflent
Motor vehlcles
Muslc Equlpment
20% Strayht Llne
20% Reduclng Bala￿0
33% Stralght Lhe
20% Stralght Llne
33% Straight Une
The galn or loss 8rf8lng on the disposal of an asset Is detemlned as the difference bth88n the sale
oceeds and the carrying value of th8 8sseL and15 recognlsed in the statement of financlal 8clivilles.
14-

EW BELFAST COMMUNITh ARTS INITIATIVE
(TRADING AS COMMUNITY ARTS PARTNERSHIP)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng pdlcles
(C￿lInued)
1.7 ImpaFmient crffixed a8gets
At each repoTting end dat8, the charity rev58W8 the Carrylng amounts of its tanglble assets to detèmlne
whether th8re Is any indlcatEon that those as38ts have suffered an Impalrment Ios5. If any such indbcadon
exists, Ihe recoverable amount of th8 asset is 8sllm8t8d In order to det8miin8 the 8xt8nl of th8
Impalm7ent loss IW any),
1.8 Cash and cash equlvalents
Cash and cash equlvalents include ¢a8h In harKI. deposlts held at C811 banks, other short-tem liquld
Investments vAth ortglnal maturfdes of three months or1868, and bank overdrafts. Bank ov8rdrefts 8r8
strthvn within borrowings In current Ilabllltlej.
1.9 Flnanclal Instruments
The charlty has e18Cted lo apply tho Prov￿10￿& of Sa¢tlon 11 'Baslc Flnanclal Instruments. and Secllon 12
thor Fln8nel81 InJlruments18sues' of FRS 102 to al of Its flnanclal Instruments,
Flnancial instruménts are recognlsed In the charws balance 8heat %%hen the charfty b￿orneS pty to the
contractual provlBlons of the InstrumenL
FlnanGlal assets 8nd IlablllUe8 8r8 off38t. wlth Ihe net afflounts prgsented In Ihe financlal 8tstem8nt3. wh8n
there Is a legally enforceable rlght to sel off the recognlsed amounts and therelg an Intenllon to setllo
on a net ba818 or to reall8e the ass81 aTvJ setde th8 Ilablllty 81multaneou81y.
Baslc flnandal a838ts
Baslc flnancl81 assets, whlch Includè debtor8 and c88h and bank balan¢e8, aro Inldally m6a8ured at
tran8acllon prlce Includlng transactlon costs 8nd are subsaquendy carded at omortlsed cost LK8lna the
effectlve Intsrest method unle98 Iha arrarwnent corntltuies a flnanclng transac￿0￿. wheré the
transactlonls measured at the present value of th8 fLrture recalpts dlscounted at a markot rate of Interest.
FlnarFGlal a55ets cla89lfled as recelvable wlthln one year are not amortlsed.
Basic finandal Ilabllltles
Baslc financlal Ilabllwes, Includlnq credltots and bank loans are Inlllally recognlsed at trangacllon prtce
unless the arrangement constitutes 8 flnanclng trarn8ct1(￿. there the debl instrument Is measured at the
present value of the fvture payments dbsctyjnted at a market rate of Imerest. Flnanclal Ilabllltles classlfled
as payable YAthln one year are not anortlsed.
Debt In8truments ar8 Subsequen￿Y ¢arrfed at amorfsed COBL u8lng the effoctlve Interest rate m8th0d.
Trgje credltors are obllgations to pay for gthids or serylces Ihat have been acqulred In th8 ordlnary
coufse of operatlons from suppll8rs. Amounts payable are clas$ffied as current IlablllU88 If payment Is
wlthln one year or less. If not, they are presented as non-curmt Ilabllltles. Trade creditors are recognlsed
Inltially at tr￿Sa¢ll0n prfce and 8ubs&]uently mts8ured at amortised c08t uslng the effectlve Intsrest
Meth￿￿.
Dare￿gnItiOn of financial liabilities
Financial Ilabilloes are derecognl8ed when the charity's contractsjal obiigaUon5 explre or are dIsch￿ged or
cancelled.
15-

NEW BELFAST COMMUNITY ARTS INITIATIVE
(TRADING AS COMMUNITY ARTS PARTNERSHIP)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounling pollcles
(Contlnued)
1.10 Employee benefits
The cost of any unused holl(tsy enlltlemeni Is recognl¥ed In Ihe p8rfoJ In wNch the ￿ploya8.5 serdces
are recelvad.
Temiln8tlon b8nafft8 are recognlsed Immedlately as an expens8 the chartty
CL)nmltted to termlnate the ern￿OYMent of an employe8 or to provld8 temlnaoon bwfit8.
18 demonstrably
1.11 Retlremerrt benefits
Psyments to defined contrfbution reurement bènefit scheme8 are ch¥ged as an expen88 a8 they fall i*J
Cdtkal a¢¢ountlno 8Stlm8t8s and ludgements
In the arollcatlon of tho chartty8 occountlna pollcles. th8 TnJ8t888 are reqLlr6d to make ludgaments,
•stlmates and assufflptlo￿ about th• ￿rryIng afflounl cf 88sets arid Ilabllllles Ihat are not readily
apparent trom other Sources. Thg 98tlmate5 assoclated assumpuorffj arg b88ed on hlstorfcal
experience and other faci(Y8 that are consldered to be relev￿ Actual re$￿t8 may dlffer from the88
e8tlmatea.
The ostJmat85 and un(krtylng assumpdons are revlev•ed on on cff)golng basls. Revlslijns to accounttng
e9￿mateS are recogn18ed th8 pertod In whlch Ihe e8Umat8 1$ revl8ed where the revlslon affects only
that petlod. ￿ In the pedod of the Tev181on and fulure perl(M18 where the revIsI￿ affec18 bolh GUTrent and
firture period8.
Income frixn donatlon8 legacl88
Unre8trlcted Restdcted
funds
2023
Total Unr08tr1oted Re8Mcted
Total
2023
2023
2022
2022
Donaljong and glfts
Grants
43,812
43,812
247,394
329
204,953
247,394
204,953
43.812
247,394
291,008
204.953 %J5282
Grants
Belfast Clty Coundl
Arts Councll Northem
Irdan& CtX8
36.250
36250
29.000
29.000
211.144
211.144
175.953
175.953
247.394
247.394
204.953 204.953
16-

NEW BELFAST COMMUNITY ARTS INITIATIVE
(TRADING AS COMMUNITY ARTS PARTNERSHIP)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Chavltable activities
Unrestrfctsd Rostrlcted
Funds
Fund
2023
Total Unrnslrfoted ReBlricted
F￿d$
Fund8
2022
Total
2022
Scdal Economy
t>ant Income
25￿37
25,537
51,489
19,2B5
37,480
19.285
56.819
51.489
19.339
25.537
51.489
77.￿26
58,765
19.339
78.104
Analysis by fund
Unragtricled fund8
Restslcted fijnds
25,537
25,537
51.489
58.765
58.785
19.339
51.489
19,339
25.537
51,489
77.(Y28
56,765
19.339
76.104
Perfoffnance related grants
Arts C(MJncll Nl Health and
Saftey Grant
Belfast Csty C￿ncIl Project
Pr(yamme 88les
Deparlment of Forelgn
Aff81rn
Other
46,CX
4,789
700
48.000
4,789
7(Xl
27.945
27.945
19.339
19.339
9.535
9,535
51,480
51,489
37,4
19,339
56.819
Other Income
Ur*86tslcted Rastrlcied
nds
T¢)tal Unrestricted ReBtslcted
funds
Other Income
11,574
11.834
17-

NEW BELFAST COMMUNITY ARTS INITIATIVE
ITRADING AS COMMUNITY ARTS PARTNERSHIP)
NOTES TO THE FINANCIAL STATEMEfrtrs (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Ch¥Its￿8 actlvlues
Un￿StrICted Rgslrfcted
FundB
Funds
2023
2023
Tolal Unrestrfcted
2023
Funds
2022
RestrfGted
Funds
2022
Totsl
Stsff G05ts
Proor8mm8 Costs
Hlr8 of Equlpmejnt
Gen￿4 Wen8es
125,wao
51.119
125,59)
81.302
124.509
83.9
124.509
90,576
4SO
668
10,183
6,582
558
10,183
179.697
189.880
7.590
208,503
218,093
Shar8 ofsupport CO8ts
(see note 7)
Shwe of g¢wemarKe c08ts
(see note 7)
12.884
85.677
98,$61
30.847
51,488
82.133
548
4.140
363
4.000
4.3&3
23.613
288.988
291581
38.800 283.989 301589
Analysls by fund
Unra8tricted funds
Re#Mct8d fund8
23.813
21813
288.988 288,968
88.545
(27.945)
86.545
236.044
2e3,989
73,613
288.988 29Z581
38.800
283,989
302.589
18-

NEW BELFAST COMMUNITY ARTS INITIATIVE
(TRADING AS COMMUNITY ARTS PARTNERSHIP)
NOTES TO THE FINANCIAL sTATEmE￿s (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Support costs
Sw)wt Goverrnnce
Suppcft Govemance
08ts
Osts
D8preclation
Premlses Expenses
Offlc8 Expenses
Travel Exp￿$69
InBurance Co6t8
Ftnance Chwg88
Sub8Crf￿orffj
Markettr
General Expenses
15.741
37,316
15,741
37.316
11,867
34,220
26.078
5.726
3.220
11,e67
34.220
26.076
6.930
1.027
1.027
190
152
530
530
152
430
AcCo￿tsncY fees
Legg1 aTrJ F¥ofe881onal
3.480
3.480
4,020
343
4,020
98,581
4,140
102,701
82,133
86,496
Analy8ed botsvean
Ch8rft8ble actlvllles
98,561
4.140
102.701
82.133
86.496
Govemancè Costs Includ88 payments to Ihe ind8pend8nt exwnlnerg
IntspendMI oxamlnauon f880.
of Q.748 P022- £2,500) far
Trustse8
None of the Trustee5 (or any persc￿8 coMe¢tsd wlth them) recelved any remunwalon or benefits from
charfty durlng the year.
Employee8
The averag8 monthly number ofemployees d￿Ing th8 yw was:
Number
Number
19-

NEW BELFAST COMMUNITY ARTS INITIATIVE
(TrADING AS COMMUNITY ARTS PARTNERSHIP)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Employees
(￿lInued)
2022
Empioym8nt costs
2023
Wages and salarfes
Soclal 8e¢urity costs
Other Per￿lon costs
87,340
30,934
7,316
76.446
39.409
125,590
124.509
No &nployee8 recelvad remuneratbon of weater than £80,000 In lh8 year.
Thora wern no employee8 whoae amu81 remuneratlon was more than £eo,ci)o.
10 Taxallon
Th? charfty IB exempt from taxalson on Its acUvllle8 becau8e 811 Its Income 18 applled for charfiabl8
puwes.

NEW BELFAST COMMUNITY ARTS INITIATIVE
(TRADING AS COMMUNITY ARTS PARTNERSHIP)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
11 Ta￿1b￿ fixed assets
Offlc• FLxtWaS 8nd
EqulFYTr*tt
Mtlnsp
Computer
Equlprnent
Mrtor
Muslc
v•lkles Ewlpmént
Total
At 1 J8nu*y 2023
dlUon5
1.129
3,280 51436
57.825
40.375
39.385
At 31 December20Yd
1,129
3,280
53,436
39,385
990
200
Depredatlon 8nd
Imparment
At 1 January 2023
Depreclallon charaed In
2,405
39.V23
44288
171
10.898
15,741
At 31 D￿ember 20rd
1.129
2.5T6
50.719
4.595
e￿ing amount
Al 31 Decembor 2023
2.717
38.191
At 31 Decemb8r 2022
79
13.813
14,547
12 D8btors
knoLmt8 falllng duo wlthln year.
Trth debtor8
Olher deblo
Prep8yments wjd aocru&J Inwme
4,CKJ3
7250
2,320
1,656
8,112
9.570
-21

NEW BELFAST COMMUNITY ARTS INITIATIVE
(TRADING AS COMMUNITY ARTS PARTNERSHIP)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Ba￿ overdrafts
158
Payable wllhin one year
158
14 Cr8dltor8: amourts falllng due *lthln one ye
Bank ovrAdraft8
0￿er taxalon and Boclal securfty
Tr•Je ¢r8clio
ACen￿lS
13
158
2,801
2.400
1400
2.369
2,4
2.880
7.649
7.759
15 Rellrement knefit sch8m88
Defined contrlbuUon 8cheme8
Charge to profft or ILW In r88pect of defingd conts1txrtion 8chem8s
7.316
Tho Charfty operateB a delln8d ccthbuuon penslffl gchwne for 811 qLwllfylng employees.
Ihe schem8 are held sepatatety from Ihose c(the charlty In an Inde￿dentlY admlnistered fun(L
The 8588ts of

raEW BELFAST COMMUNITY ARTS INITIATIVE
{IRADING AS COMMUNITY ARTS PARTNERSHIP)
OTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
16 Restrkted funds
Th8 regtslcted fvnd8 of the charity comprlse the unvApeThled balances of dOna￿On9 and grarbts held on
tru8t subject to SP8cific Gondluons by donor5 85 to how Ihey may b8 U88d.
Movemanl Sn
Incornlng
ras￿rGe$
Mov8m8nt In fund8
Incomlno
R8sryJm•¥
re￿urceS
axpended 31 Decernber
>J23
88lano• at
1 January
Resourc
expended
8alanc• at
1 JANary
2023
AFP Core
Comunlty
Relallon8
Cwnoll
ACNI Health
and Saftey
Programme
ACNI Cor8
ACNI
Equlwient
8elf88t Clty
Councll
Belfast Clty
Councll-
Covld
Equlpment
Grant
DepdTtrn￿t
of FcKd
212,104
P57,$03> (45,399)
960
48.OLWJ
(11.210)
34,790
175,953
{175.963)
5,865
(5,665)
129.000)
P55)
3,574
10,185
(8.002)
4,183
36.250
40,433
19.339
(19A24)
15,935
224.292
{236,044)
4.183
299.143
(268,968)
34.358
-23-

NEW BELFAST COMMUNITY ARTS INITIATIVE
(TRADING AS COMMUNITY ARTS PARTNERSHIP)
NOTES TO THE FINANCIAL sTATEME1￿rs {cor+tfiNUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
17 unrestf1c￿Y fvnds
The unrestrfeted funds of Ihe Charlty cornprls8 th8 LmexpeTrJed bal8nc&s of donatlons and grants wNch
are not 8uLgact to speclflc condItkM￿ by donors Gyantorn as to hw th8y may be U8ed. These Include
deslgnated fvTh18 whlch hwe been 8et aslde out of unrestrtcted funds by the tru8te88 for specffic
purpcA888.
At 1 January
Incomlna
resources
Rasourc89
At31
6Xp￿ded D￿￿ntser
General ￿ndS
64.955
80,723
(23,613)
112,085
Prevlou8 yer.
At l Janu
Incoming R￿￿CeS
At31
resources exwded D￿￿rnber
2022
General fund5
84.406
57.094
(86,546)
54.955
18 Analy819 of net a38ets beiween funds
Unr88tr1cted
Restrlcted
nds
2023
Total
2023
20Z3
At 31 December 2023:
Tanglble a888t8
Cmnt assetsl(IlablUtJe8)
3,401
108.664
38.191
108,232
(432)
112.085
34,358
146.423
Unrestrlcted RWlcted
funds
funds
Total
At 31 Decernber 21Y2
Tanglble assets
Current ossetsl(IlatlUties)
10J84
44.591
4.183
14.547
44.591
4.183
59.138
-24-

NEW BELFAST COMMUNITY ARTS INITIATIVE
(TRADING AS COMMUNITY ARTS PARTNERSHIP)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
19 Operatrng lease cornmltrnents
Lessee
At the repOrttr￿ ond date the chartty had outstsn(Ing coftwnltments for futh mlnlmum lease payments
under ncTrcancellable operating leasés. whlch fall dL* As follows:
Wlthln one y•ar
Between and )Ive years
25,810
8.623
26.810
32233
32.233
20 Related pty tranwttons
There ww8 no d18c108able rokqted party tr￿saCtI(￿S dtylng the y8ar (20Z2- r¥Jno).
-25-