Charty rngistrillon numb•r NIC lo51 {Northem lrnland) Company rnglstratlon nnber N103764S NEW BELFAST COMMUNITY ARTS INITIATIVE {TRADING AS COMMUNITY ARTS PARTNERSHIP) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
NEW BELFAST COMMUNITY ARTS INITIATIVE (TRADING AS COMMUNITY ARTS PARTNERSHIP) LEGAL AND ADMINISTRATIVE INFORMATION Mrs K McFarlan• Mr P Campb•ll Mr J McC4nn Secrntary Mr C Shidds Charlty numbor NIC105189 Company numb•r N1037645 R•qlst•rnd offi Th8 Arc 7 Donegall Stra•t PIKO BeWa8t Co. Antsrfm Northem Iroland BT12FN Ind•p•nd•nt •xamln•r AAB Group Accountwlts Lim6t•d 1- 3 Arthjr Streot Bdfast Co. Antrim Northem Irdand BT14GA Bank•rn Ulster Bank 11-18 Dowall Sq East Bdlast 8T15UB
NEW BELFAST COMMUNITY ARTS INITIATIVE (TRADING AS COMMUNITY ARTS PARTNERSHIP) CONTENTS Page Statement OfThe Tnjgtaots rawt Ind8pandént exanlnerfs rapart Stat•ment of ftnandal a¢Uv11•8 10 Baknco Sheat 11 Noth to tho fimndal 8tatsm•rt• 12-22
NEW BELFAST COMMUNITY ARTS INITIATIVE (TRADING AS COMMUNITY ARTS PARTNERSHIP) STATEMENT OF THE TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 Introductlon The trustees, who are aso the dlrectors, have plea5UTe in submittlng Ihelr Annual Repor( together the financial statamants, for th8 year ended 31 Decomb8r 2024. The financial 8tatsmants have baen prepared In accdanCe with the xcountlng policies get out In nots 1 to th• financi stoments compty with the chariV5 goveming documen( Ihe Companle5 Act 2008 and "Accounting and ReportlrvJ by Charitlas: Statement of Recommended Practtce appllcablo to charities ptywlng thelr accounts in a¢¢ordance with tre FlnancSal ReportlrvJ Stsndard appllcable tn the UK and Republic of Ireland (FRS 102). (effective 1 January 2019). ObJoCtlvu and acllvltl•s New Belfast Communty Arts Initiatlvo trading as Commuryty Arts Partngrship (CAP), 1$ a company limitad by guarantee whose charit)1g objects are reccgnised by HM Revenue & Customs. CAP Is registered wth the Northem Ireland Chavity Commisslon INIC 105169), registered as a charlty {XR 385701. and incorporated Sn Northem Iroland as a COmpY IlmStod by guart•0 (Nl 037645). Establlshed In 1999, th18 1$ Its 25th year of OP8ration8. Throughout 2024. CAP continued lo dallver an ambitiws and far-reacNng prograrnme of work that placed ommunity creativity at the heart of s(Kial thange. advocacy, aThJ Ctyra{ development In Northem Ireland. Mlsslon To lead in tho promollon, davelopmant, and delivery of COMMlty arts FYaclic• to alyect positive change. Vlslon To 108tar a lusl indusrve, peac&ful, and cra8tlvo 8oci•ty whore divwslty18 ombracad, and partidpation 18 valued. OurApproaah We malntsin a bNfrfold approxh to art8 dev•lopmonL' 1. Ac¢•ss and Partlcipauon provlslon. expandinq opportuniti•8 thrgtt a(fvorAQJ. leadership, and dlrect 2. Authorshlp and Ownernhlp - empw¢rfng communlties thrOh actlve engagement In projocts and programmos. Key Proorammes and Actlvltl•8 In y•ar 2024 107 communty group5 engaged acros5 four distlnct art[0 areas. . 17 inter-c(xmmunity tyoup projects $LPPOrted through collaborative. crosw0mwnSty projects. 18 groups participated in our Sth by &£le inter-abilty programme. 55 5ch¢)Jls took part In Poetyin Mobon in School& 24 residencies were d81fver8d through CEMENT. 7,500+ pafaapants attended CAP workshops and events. . 7.800+ sw)ort re$pons8s (advice. guldance, r050urces) provid8d to artists. Sthools, and grcwps. These acfi8vemerrts demstrate CAP'S reach and Gontnuing Imporiance as both a delfvery organisation and an advocacy body within the cuttural lrfe of Norlhem Ireland.
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 2024 AdvotAcy AdV0Y ramains central to CAPS purpose. In 2024, CAP angaged extensively with polltymakers, CO[$, govemment departments. and ltural a98ncies, ensuring that the voic4 of communlty arts was heard kn strategic debatgs. Ve rA)ntrlbated to or partlcipated in: Draft Programmo for Gov•mment consuwlons on cultufo, •rt•. and herStag8. The development of the P8aGePLUS pmgrnmme wllh Belfast Clty Caunal. The Department for Cornmunitieg, Cultum, Arts & Herilage Slrnt8gy Tasknrce. NICVA'I Good Govamanc• Group, Th• Art8 Council of Northem Ireland'¥ Minority Elhnic Arts D81iberntlv• Fomm. Ongoing managernerrt and promotion of theArtsMatterNI campalgn. Through these 8ngag8ments. CAP reinforced the case for equItae Inv•8tment In communlty art5, promotng its proven impact on wellbeing, education, coheslon, civ1¢ Ilfe. Inlormation Sorvlce8 Our InloFmation Unit remained a vital sectoral res¢)wce. In 2024: Our weekly Communlty Arts Weekly (CAWJ newsletter and monNy rear• trzine req¢hod an avarago 012,800 subscrfbers. Our webslte rewdad over 12 milllon hits. confimiing its po8itton as 8 laadina portal for Commlty arts Infomiatlon. R880urce8 Indudod.. th• CAPl8ln Blog, onlln8 droCtorie8 of artists and community oroups, rngully uplatsd naws pages, a fundingladvlce $8Thlc8, and access to a speclallst library {onlina and in person). R•s•arch R¢se*i remained a cornerstone of our practlcè In 2024. woth8d vlth 170+ ¢omrnunlty ¢xgani8atlon8 to 8hap8 and dfjlivor studes that inlornad both CAP'S wbrk and tha broader sector. Key outcom08 Includ•d.' Suppcrt tr 11+ successful Ind¢peTrJent l)Jndlng appltcaltons fr(xn partner artists ond organlsatlon$ . Development of dats to strengtrn th8 case for knvestment in 50clally engaged art5. Enhanc9d integration of research wtth fronuino delivery, onjudng policy and practic• remain lith
NEW BELFAST COMMUNITY ARTS INITIATIVE (TRADING AS COMMUNITY ARTS PARTNERSHIP) STATEMENT OF THE TRUSTEES REPORT IINCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 LaVA-Lknrary and V8rbal Arts Ilncl Pootry in Motlon Schools and Communlty) Seamu$ Hoan•y Awards- 10th Annfveraary 2024 marked the Ilxh •r of tho Seamu9 Heaney Awards for New Wrltlng, a comwstone of CAP'S LaVA programme (literary and verbal Hrts). The Awards havo becoftm ong of Northem Ireland's Most indusive arKI respecied plaffoms, described as Ihe masthead for kncol poow woviding emerglng poets vAth tho Opportunity to share their worf(, gain natlonal recognition and 5WOrt eveer devekpment Thls yew saw tha launch of the MANIFEST anthology. pILad the range of longlistsd, shortftsted. wlming poéms chosw by our expert panel. Th8 antholoqy conth)u8s CAPS commthient to onswing naw voices are heard, celabrated, and sustained. Thè Aw¥ds retain the endorsement of tho H6an8y 18mily. whoso ongoing support affirms tha projecfs aulhÉnIify and its alignmgrrt wlth Se8mus k1•Y'S values ol Inclusivity and 8n¢ouragomonl for omerglng Hlthlighls In 2024 IncJud8d: The 10th annlversary celebration 8t Seamus Heanéy Ham•Pl4rA. Public readlnq5 by wets from acro38 the r*on. A roaffiMtiOn of CAP'S role as both steward ol lilerary1ogaGy and advocate for new wrltlng. Poetry In Motlon Community Malte14•$ To complomant tha Hganffji Awards. CAP dellvered a swies ol poaty mast•rdass85 in 2024. T$• wiMkshDps. lod by e8tabliihed poats and profasslonals, provmled.. Dovelopment of craft and voic•. Constructlve 188dback In a supportlve environmenL NotrrkIng opportunWe8 wlth peers and mentors. Insights Into publlcatlon and pwtsrnian¢& routes. Tho magterelqs898 created a continuLMn of support from first steps In thrwgh to professlonal recognftion. ensurfng a 8UStalnabl¢ plp•llne Df talent and rglnfordng CAPS ethos of authorshlp and ownérshlp. Poetry In Motion School• In 2024, CAP delivered the Po8ty in Mobon SCI019 programme- the largest dedl¢ated schools poetry Snitialive on the island of Ireland. Thls long-standing programme provldes pupils wlth the opportunlty to explora creattvlty, authorshlp, and perfornlance through direct engagementwith locol producing poets. Kay achlevonants in 2024 Includad: 55 schools acros$ Northem Ireland engaged in workshops and créatlve writlng activities. Hundreds of poems written, reflecting th& diverso expertencas, volces, and Imaginalons of young people. . A celebrabon event bringing together puplls, texhers. and poets, relnforono the programme's ethos of parfopation and aulhorshlp. Publi(ats'on of an anthology of 8el8Cted poems. thith avery young poet whose work was pubiish8d re1¥Ing a complimentary copy- ansurlng rgcowition of thoir a¢hiev•rnent and wide of ownership.
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 2024 The programme continues to have transforniative effects on puplls acros$ primary, secondary and Indeed hosprtal and speci81 schools, nurturing confthnce, crealr¥lty, and literacy, while also glving young people plaifomi to 8resS themselves authentical. Poetry in Motlon Scttotsls remalns a ¢¢merstone of CAP'S mission to place craativity at the haart of aducatlon and communlty dovelopmenL CEMENT Programme {Pllol 2024) In 2024. CAP loted th• CEMENT Programm• - COMMlty, Engagement, M•ntoring, Education, NaOrkIng and Training. CEIAENT responds dSredy to the chanlllng noeds of artists and communiti08. It recognises the pres5ure8 facing freelance pracUUoners whlle also meelng tho demand from )Mmunity organlsations tor sustslnabl8. hl qudty, sodally ongagad art8 practlce. Key atemonts of the pilot Included: Mentt>rtng.' Paldng exporlenced praclttloners with developing community ardsts. Shared Learnlng.. Monthly 8eminar8 covering finance, saf8auarding. ¢reativ• resilience, and adminlstratlon. Capaclty Buildlng.. Equlpplnq nLwi artists wllh both artIsC organlsatlonal skllls. NetrNorklng: blr8ngthenlng professlonal connectlons and advocacy for tre secior. Th• CEMENT pllot rnpra8gnt8 a $trat8Qlc inveglm•rrt In th8 frjture of thè communlty arts sector, énsuring a pipellne of confident, skllled PracItiOr8 who can sustain and grow cornmunity-led arts across Northem ]land and bwnd. Plaffornis for N•tworf(Ing and Ex¢hang• CAP CDnllnued to prDvid8 plaffomis for dlalogu8 and exchanga. In 2024, w8 partnered with statary bodies. community organlsations, and Internalronal colleawes to dellvef consullatjons and ovents that lastered cross- leamlng, reftacdl, and collsboratlon. Partn•rshlp Working In 2024, CAP collaborat•d wlth.. Foryet Me Nots [Du1n), d4m•ntbalnduslve cholr (Creauvo Irqland supported). Alallonal Gallary of lrnland-Art Road Trip catebrat in community. 18 communlty h08ts supported. Irish CongrBss of Trndes Unions- May Oay festival developrnent and delivery. Northgm Health and SONI C&re Tmst. 24 local communlty partn•ryJ and 30 school partrws. These collaboratlors axtonded CAP'S rnach, •xchaThJed experbse, and enriched cUlra1 Ilfe au085 Northem Iroland and beyond. Tho ARC (Arts R•source Centre) The ARC contlnued to be a hub for partldpatlon, offering sale, welkequipped spaces for craalivity. In 2024, domand forARC spaces grew siqnificanuy, reffecting renewed appetite for face•tlaC8 activity. th planning approval granted for redev8lopment of the wrder sile, CAP began exploring the potential capilai PLfGhase of its premlses, reGDgnisSrKJ the iMportCe of securing a pemianent home for the arKI anhung public berlt.
NEW BELFAST COMMUNITY ARTS INITIATIVE (TRADING AS COMMUNITY ARTS PARTNERSHIP) STATEMEKf OF THE TRUSTEES REPORT IINCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Govwnance and managernt Truste•s and Managgmont Commlttee12024): John Mccann- Chair Karen McFartane- Vlca Chair Philip Campbell- Trurer . Conor SPields- Company Sauetsry Op•ratlorl M•n•gement: DaY-ldaY manapment 18 led by Chief ExKutive, Conor Sti8ld8, SUPPJrtod by core staff. freelance proJect ¢oordlnalor•, and rrnatlve prodwArs. Rl$k Manag•m• Rlsk18 monllored contlnuously through CAP'8 ¢ontral Risk R•glstsr and traififrlltht system ¢ov•rfng govemance, operallons, fintnce, and external factors. New protocols introduced in 2024 included: . Enhancad rfsk wassmont ftjr larsCale oxtemal èvgnts. Bespoke Ining for 8rttgt rosldancy risk managamont. Trnlnlng and Indudon In health, saf6ly, and salegu¥dlng for stsff and trael8nc• prXuuerj. Flnanclal R•vi•w Th• Statement of FInalalACtIVllle3 for2024 presents CAP$ flnarKlal wltlon: Income.. £2e6,e38. represarfng a fall compared wlth 2023. . ExdlIe. £273.932, with slumificant IrNO8trnent in fronlllne ddivery, staffing, and dlgital Infrastructurn. Reserves: At year end, ca¥h at hand stood at £139,127. of wh6ch £62,918.24 Is retangd as reseries ven the organisali¢)n's congent Ilabllttle5 (18 3 fnimo Staff et¢). further acuud of reservas is an ongolng requlremant. The Board remn$ mMItt•d to prudont finanaal manaoament, onsurbng wstainabilty whrle wrsulng opportunilms fcr growth. Resèrvm Poll¢y It is lh• policy of the charity that ufyestrfctod funts whlch have not boen desynatad for a spedfic use should bo maintsined at a 18vel equNalent to ono month's expen(thiure irtluthng salaiie$.The Trustees c(s1der that reserves at this level will ensure thaL in the event of a significant drop in fundin9. they will be able to continue the ariV8 core running costs while consideratton is glv8n to ways in bthich a(1ditional funds may be raised.
NEW BELFAST COMMUNITY ARTS INITIATIVE (TRADING AS COMMUNITY ARTS PARTNERSHIP) STATEMENT OF THE TRUSTEES REPORT (INCLUDING DIRECTORS. REPORn (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Publk Benefit All activlues In 2024 were deliv•rad Ni Ilne wlth CAP5 chwltable oblKtives, ensurina public beneflt throL SUPPOrted acces$ and particlpation. Addltlon81 rnsources mad• available Included.. E-mirdbus for group and equipment tran8POrt. Podcasiing and d1941 fflmmakiry equlwt for professional and communty u80. M¢Jblle alr purfficatlon sy8t£ms for partlclpant idoty. ScoFxng for a n8wArts Resourco Centre to exiend community and profa88ion81 facillUe8. Futurn D•volopm•nt Looklnq ah••d to 2025 and b•yond, CAP wlll.. Conlnue to 88ak div•rM Invostmont from wbmc, and phllanthropl¢ iourc•8. Strengthen advocacy arKI s•ctoral l•ad•rghlp through Art5MatterNI and oth•r forums. Expand Intematlonal and cro8>lx>rd8r partrArnNp•. Seujre a p•man?nt, flt-for-purpose home frjr CAP aThl the widar sector.
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 2024 Slatemant of Statement of the Trusts•s responsiblllties The Trustees, who are also the dlrectors of Naw Belfast Cgrnrnuniiy Arts Initlabve ftjrthe PLFrpose of company law, ara re5pon8lbl8 for wepartng the Statement Of The Trustees Report arKI tre financial slatements in accordance with apF41eable law and Unlted Kingdom Accounth)g Stsndards (United Kingdom Genarally Accèpted Accounting Practlce). COMpY Law requlres the Trustse8 to wepare ftnancial stalements for each ftnanclal yearvthich glve a true and falr view of the stale of affairs of the charity and of the incoming resour and appliGation of resources, including the income and axpenditurfr, of th8 charitable company for that yaar. In preparfng th•s• flnanctal stat•m•nts, the TNst••s are requir•d to: - 8•1oct $ulWe accourfng pdlcles and thon apply them congl$tsntty,' . observe the methods and prtndpl08 ID th• CIArfttes SORP; - mak4 ludgem•nts and eitlmatas that ore reasonable and pYuden¢ . stato wfieth•r appllcabla UKAccounting Standards h8ve beèn Idlwd, subject to 8ny Material d8partLres dlsclosed and explalned in the flnandal ststements,. and - prepwa the finanaal Statements on the going concern basis unless It is inappropriats to presume that thg charltybylll conllnue In opèrauan. The Trustees 8r8 responslble for keeplng adoquate accounlwig records that dlsclose wlth reasonabl• acraCY at any Ilme the finandal pOtIOn of the charity and enatla them lo ensure that the finanud statements comply wlth the CompanS•8 Act 20C6. They ar• also rasponsible lor safeguarding *he assets of the charity and hence for tsklNJ reaS(able 8taP8 for the prevonllcn and dectIon of fraud and other irregulariUes. Approval This report was approved by the Dlreclors and signed on Iheir behaK. MrJ Mccann Trustee Dated..
NEW BELFAST COMMUNITY ARTS INITIATIVE (TRADING AS COMMUNITY ARTS PARTNERSHIP) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEW BELFAST COMMUNITY ARTS INITIATIVE Indendant •xamlner rnport to th• eharfty trt•0$ ol N•w 8•lfa•t Communlty Arts Initi4tlv• I report on th• •Cunts of tho compiry for Iha year ended 31 D•¢ember 2024 arn set out on pages 8 to 22. R•¥p•ctlv• r•won•lbllltlos gf charlty tn and ex•mln•r As th• charity trustses (and 81s0 tho direthrs of th• cDmpany for the purposes of Company law) arfj r•spon8ible for t preparatlon of accounts In accordance wlth the requlrements of the Cornpanl85 Act 2006. Having satlsfled myself that the charfty 18 fKIt subject to audlt under company law. and is eliglble lor IndeperKlent examinatlon. It Is my re8pon$bi illty to: examine the account8 under section 85 of the Charillés Act., follow the procedures lald down In the gen•raS Dlrecllons giv by the Charlty Commission for Northem Ireland under sectlon 65{9){b) of the Charllles Act,. gtato whethor partlcular matters havo come to my attentlon. Baslj of ind•pendent •xamln•r'• rnport I have examined your charity accounts as requlr8d under sectlon 85 of the Chari¢r88 Act and my exInall0n was Carrled out in accordanca wlth the general Dlrecyons givon by the Charfty Commisslon lor Northem Ireland under 8ectlon 649)(b} of tho Charftles ACL The axamlnallon Included a revlthv of thè accounting records kapt by the ¢harlty and a compari80n of tho accounts presonted with those records. It also included consideratlon of any unusu81 Itoms or disclosures In Ihe accounts, and seebjng •xplanatlonB from you 88 ch8rity trustees conc8mlng ony such m8tt•r8. My role18 to stats whéth•r any malorfal matters havo come to my attantl( alvlng me caus? to beliove. 1. Th accounllng records r0 not kapt In accord•n¢4 wblh seclion 388 of the Cornpanlos Act 2008,. 2. That Ihe acciyjnts do not accord with those aCting reciyds,. 3. That thè accounts do not comply with the accounling requTrments of sectlon 398 of the Companies Act 2008 arKI wlth the methods and prindples of the Char5tras Statement of Recommended PrdCtlc8 applicable to charlttas praparing thelr accounts in accordance wth the FSn8ndal Reporting Standard applicable in the UK and Republlc of Ireland,. and 4. That there 15 further Infom18tion npeded for a proper understan(Ing ol the xcounts to be rea¢hod. Ind•pendont oxamlrnr's 5tatsrnent &nce your tharity's gross income excg&led £250.000 YO examiner must be a membor of a listed boty. I can corfrm thai l am quified to undertake th8 axaminalon because l am a reglstored membar of tho Institute ol Ch8rtered AcUntants Ireland (CAI) whlch is one of th8 listed bodies. I have completed my examlnation and havo no concems in respect of the matt8r$ (1) to 14) listed above and, in nnection with followng th& Directions ol the Charity Commission for Northom Ireland, I have found no matters that requiro drawing to your attention.
NEW BELFAST COMMUNITY ARTS INITIATIVE (TRADING AS COMMUNITY ARTS PARTNERSHIP) INDEPENDENT EXAMINER'S REPORT (CONTINUED) TO THE TRUSTEES OF NEW BELFAST COMMUNITY ARTS INITIATIVE Ml¢ha•l FanBII For, and on behalf of, AAB Group Ae¢ountant• Umll•d A¢countants Statutory Audltor 1- 3 Arlhur Stro•t 8elf8$t Co. Antrlm BT14GA Northem Ireland
NEW BELFAST COMMUNITY ARTS INITIATIVE (TRADING AS COMMUNITY ARTS PARTNERSHIP) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR EhlDED 31 DECEMBER 2024 Unrnstricted Rostrlcted fijnds funds 2024 2024 Total Unrostrfcted Restrfcted funds funds 2023 2023 Total 2024 2023 Not08 InGome and ondowmont• from: Donation5 legaclos Charitable act{tleS Othw inGoma Z22,&38 223,386 43,270 43,612 25,537 11,574 247,394 51,489 291.C 77.026 11.834 43,270 Total Income 43,670 222,988 2,636 80,723 299,143 379,866 Expondlbjrn on: Charilablo ac1vIa5 39,636 234,296 273,932 23,613 2e8.968 292,581 Totsl •xp•ndltur• 39,636 234,298 273,932 23,613 288,988 292,581 hl•t Ineom•l(•xp•ndltur•l 4.034 (11.330) (72981 57,110 30,175 87,285 Transfers between funds (2.296) Not mov•mont In fund• (13.828) (72981 57,110 30,175 87,285 R•eonclllatlon of fundB: Fund balances at 1 January 2024 112,085 34,358 146,423 54,955 4,183 59,138 Fund balan• at 31 D0mber 2024 118,395 20,732 139,127 112,Ce5 34,358 146.4fJ The statement of finanaal actIV@S Indudos all gains and103se$ recogrdged in the year. All Income and oxwdlturo darive from conttnulng aclivlle8. 10-
NEW BELFAST COMMUNITY ARTS INITIATIVE (TRADING AS COMMUNITY ARTS PARTNERSHIP) BALANCE SHEET AS AT 31 DECEM8ER 2024 2024 2023 Not8$ Flxed assets Tangible assets Current as•dA Debtws Cash at bank in hand 11 27,460 38.191 12 3.610 115,985 6,112 109.769 119.595 115,881 Crndltors: •mounts fallin9 wlthln one year 13 (7.928) (7.849) N•t current assets 111,e67 108,232 Total a•Mts l•M curront114blllll 139.127 148.423 Incom• funds Rastrfcted knds Unrnstrlctad funds 15 34,358 112,C65 118.395 139.127 146,423 Th• company Is entllled to the oxemptlon ikni tho audlt requlrement conlalned In Mctl¢)n 477 of the CompanlesAct 2008. for the year ended 31 December 2024. The Statement of th? Thistees r8sponsibilitles for enswlrva that tho charfty ke•ps a¢counting records whlch compty with SecC 388 of thè Companies Act 2LMi6 and for prepartng aCcOts whlch gbve a true falr vlew of the stats of affalrs of tho company as ai the end of the finandal year and of Its Incomlng resour¢e$ arKI applcatlon of resources, induding lis Inccme and 8xp8ndlture, for th& financlal year in accordance wrth the requlremonts of sections 394 and 395 and which othenwise Comply vAth tho requlr•rn•nts of th• Companle$ Act 21x18 relatlng to accounts, so far as appIlbIg to the company. The rnemb8rs have not requlréd the ccffipany to obtain an audt of Ils fin8( #tatam•nts for tho year In questlon In accordance wlth seclion 476. These financial statements h8¥0 baén prepared In xcordar¢a with the provI81L$ applicablo io eompantos subJ•ct to the small companie5 regime. 181.91.2.02S The fin•nc181 statwnen13 were approvod by the Trnsiee¥ on ... ..... MrJohn Mc Trustse nn Company Roglstratlon No. N1037845 11
NEW BELFAST COMMUNITY ARTS INITIATIVE (TRADING AS COMMUNITY ARTS PARTNERSHIP) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting polici Charity inforniatlon Belfast Communlty Arts Inltlallve Is a prlvate o)mp3ny Ilmlted by guarantse Incorporatsd in Northem Ireland. Tho gIStered office is The Arc, 7 Donegall Street Place, Belfast, Co. Antrlm, BT1 2FN, Northem Ireland. 1.1 Basls of prnparntion Tho finandal statements hava been prepared in accordCe with the charlvs goveming documen( the Companies Act 20, FRS 102 "The Flnanclal Repthng Standard applicable in the UK and Republic of Ireland" and thg Charitieg SORP 'AcuUnn0 aThJ Reporbng by Cfiaritiés.. Statement of Recommended Practice appllcable to charfties proparfng tholr acc4unts In accordancé with tha Flnanclal ReportlrvJ Standard )plicable In the UK and Repub16c of Ireland (FRS 102)" The tharity is a Public Benefit Entlty as ¢ffinod by FRS 102. Th• tharity has taken advanta98 of th• provisions In th• SORP for tariUo8 not to wepare a statunent of oh Itows. Tha flnan¢lal statements ara prepared In stertlng. Wtmch Is th¢ fvnclonal currency of the charfty. Monetary amounts In these financial statoments are rounded to tho nearest L The Ilnandal statements h0 beén pr•pamd Lmder the hlstorfcal cost convontlon, modlfied to Irlud8 th revaluation ol fre8hdd propertigs and to IU8 investment wop8rtle$ and cort8ln flnancial Instrunents at fair VU•. Tho principal accountlng pollues adopied ar• 8•t out bol¢yN. 1.2 Golng conc•m Al the time of approving th8 fin8na8J siatomentB, th8 Trnste•s have a roasonabla expectation that Ihe chanty h&$ adequats resourc95 to continu8 In operatICal exlstenGa for the for•88èable future. Th th• TrLtstaas conlinue to adopt tho going concern basls ol accountlng in prepaTlng the flnandal statam•nts. 1.3 Charitable funds Unrfjstrfctsd fund8 qra •Yai1obl• for u8• at d190tIOn of the TnJ8tae9 in ftJrtheranc8 of their charltablè obiocllv•J. Restrlcted funds are subi•ct to speGific con¢Jllons by donors or grantors as to how thay may used. Th• wryN)ses and uses of the rostrtcied funds are 88t out In th? nths to the financid 8tatsm¢nts. 1.4 Incom• Income Is recognlsad when the charity is legally entitled io it after any pefft?Thanc8 conditions have been met. thg amounts can bo m8asured reliably, and it is probable that income will be received. Cash donations are recognlsad on recelpl. Other donatlons are rncognised once the charity has been notified the donation, unless porformanc£ condlllorn reqLlre deleffal of the amount. Inc(xne tax recoverabl8 In ralatlon to donatlons recelved under GiftAld or deeds of covenant is re¢ognlsed at the time of th8 donation. 12-
NEW BELFAST COMMUNITY ARTS INITIATIVE (TRADING AS COMMUNITY ARTS PARTNERSHIP) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 A¢untIng policl•s (Conllnuod) 1.5 Expenditure Expendiknre Is recognlsed onrx there is a legal or construcbvo obligation to transfer economlc bgnefft to third party. It is probabla that a transfer of econornlc beneffts w1[ bo required in settlement. and the amount of the Obligati can bg measu1 rollably. Expanditure Is clas8lfied by activity. Th8 costs of each actlvity are made up of the totol of dIrt costs arKI shared Costs, Indudlng support costs invofved in und8rtaking eath activity. Diroct sts attrlbutatle to a slngle activlty are allocated directly to that xlivlty. costs whlch ntrIbute to moro than one alty arrtl pport Costs which are not attrlbutable to a slngl• activlty are apportioned betsveen thoso actlvities on a basis consistent the use of ro$our¢e$. Centrai stsff sts ar• allocatad on the basls of tlme sp&nt. and dapreciation charg85 are allo(xted on tho Portlon of tho assevs use. Expendlture Is recognised once ther8 is a legal or constructive rtiligation to mako a payment to a Ihlrd party, It li probable that settlement vlll be requirad and Ihg amount of tho obligalion can b¢ measurgd rellably. endturo Is classlfled under th• follNlrq actlvlty h•adlng$: Expanditure on charitable 8Ctlvltles Includes the costs ol supporuro refugeo famlli08 and adv116es dertaken to lurther the purpose8 of th8 Cknaty and Iheir assodatsd support costs: Other expondlturo represents those items not falling into any othor headlry. Irr•coverablo VAT 1$ ¢hargod as a cost agalnst activty forvthich thg expondlturo was Incurrn 1.6 Tan9iblo flxad a•$ots Tanglble flxed a$sel$ aro Initlally measurqd at cost arml Subsoquently moa$urnd at cost or valuatM)n. nat of dapredauon and any Impairniani losses. DepredatSon Is recognlsed so as io wrltè off th• cost or valuatlon of assots1os8 tholr resldual valu8s ovartheir usefijl Ilvés on the folltr4vlng basos: iJ11ce Equlpment Ixlures and fitbngs Computer Equlpment Motor vehicles MuslG Equipm8nl 20% Straight Line 20% RethciFVJ Balance 33% Stsgm Uno 20% Straight Li 33% Stralght Une The galn or loss arising on the disposal ol an assei Is d*rfflined as tho dlfference betsveen the Sale proceeds d th9 carrying value of the assot, and is recognlsed In the statement of finanal 8ctivlttg3. 1.7 ImPrnient of Ilxed assets At each reportlng end date. the charity revlews tho carrylng amounts of its tsngibl• assets to determine vthether there is any indicatton that Inose assets have suffered an impalrment loss. If any such indlon exists, Ihe recoverable amount of th& asset is estimated In order to detemilne the extsnt of the impalrment loss (If any). 1.8 Cash and •quivalents Cash and cash equivalents Include cash in hand, deposits hold at ca15 with banks, Other short-term Ilqutd investrnBnts th original maiurfttes of thre8 rnonths or le55, and bank overdrafts. Bank overdrafts are show within borrowlng5 In current Ilabilitles. 13-
NEW BELFAST COMMUNITY ARTS INITIATIVE (TRADING AS COMMUNITY ARTS PARTNERSHIP) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting polici (Contlnued) 1.9 Flnancl41 instruments The tharity has electod to apply the provtsions of Sectlon 11 '8asic Flnandal Instruments, and Sedion 12 'Other Flnanual Inslruments Issues, of FRS 102 to all of its flnanc4al in$tNments. Flnanclal Instruments are recognised In the charity's balance sheet when the charity b8¢omes paty kn the contr*ual provlsions of the Instrumont. Flnanoal a558ts and liab1111108 arg offset. wlth the net amounts presented in th8 flnandal statem8nts. %then there is a legally enforceable rfght to set off th8 recognised amounts and thore18 an intention to settle on a net basis or to feallse tho asset and settle the liabllity sImule0U$Iy. 8a$lc Ilnanclal as8•ts Basic financial a8SOts, vèhich includ& debtors and cash and bank balances, are initia51y measured 81 transactlon prfce including transaction costs arny are subsequenty carried at amorbsed cost uslng the effecllv8 Interest mèthe4a unless the arrangement constitutes a financlno transadon, tha tran5actlon Is measured al the present value of the firturé raceipts dis at • mark•t rat• af Int•r•st. Flnandal as$ets dassified as recelvable withln one year are not amorti8ed. Bulc flnanclal Ilabllltlos B8slc financial liabllltles, Includlng credltors aTra bank108n$ are Initially rocognlsgd at tran5a¢lkn prfc• unless the arrangement con$ti1utes a flnan¢lng transactlon, where Ihe debt instrument Is measur8d at the Prent value of th• fure paymant$ discountsd at a markot rate of intaresL Fln8ncid Ilabllitles da55ified as payabia wlthln one year are not amorti8ed. Debt Instruments are subsequgnlly carried at amortlsed cos( using the affecuvo intoro•t rate method. Trade creditor8 8re obligallons to pay for goods or seNic•s Ihat have been acqulred In the ordinwy course of operations from suppliers. Amounts payable are d8sslfi8d as current liabilitlas If payment18 due vththin one year or less. Ir not, thoy are presented a8 non-cwrent liabilities. Trade creditor8 ar8 recognlsed Initially at transactton pri¢e and sub$oquenOy moasurod at amortlsed cost using tho effecttv• irrtero8t mothcd. Doromgnftlon of fln•n¢hlllabN111•8 Flnsnclal Ilabllltlas are derecagnlsed when tho tharftr/s contractual obli98llons pIr6 or ar8 dl8chargad or cancalled. 1.10 Employee beneflts cost of any unused hollday entlllemont Is recognlsed In the period In wnlch the employee's $8Nices arn recelved. Terminatlon bernfits are recognised ImmBdiat8ly as an •xpeme when the Gharity Is demon5trabky commltted to temiinate tho employment ol an amployee or to provlde tamiinatlon benefits. 1.11 Rotlrement beneflts Payments to defined contribution retlrement benefit sthemes are tharged a5 an expense as they fai due. 14-
NEW BELFAST COMMUNITY ARTS INITIATIVE (TRADING AS COMMUNITY ARTS PARTNERSHIP) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Crftical accountlng estimat6s and Judgemonts In the application of the charity's a¢coLmtiTrJ policies, the Trustees are r8quir•d to maka IageMents. edmatos and assumplons about tho carrying amoLmt ol assets and Ilabllrties thal arè not rèa(fity apparent from other sources. The estlmates and associated assumplons are based on h18torical experience and ther factc¢s that af8 considered to ba relevant Actual re>thts may dlffer from these tImatel. Tho astlmatas and underlylng 8SSLm)pbons are revl6wed on an onaolng basis. Revisions to ac£ountirvJ estimates are recognised in the pariod In which Ihg estimate Is rev15ed where the re%A5i0n affe<ts cnly that period. or in thB period of the revlslon arKI fvture poriods bthere the revision affects bo current and ftrture porfods. In¢om• from donatlon• and l•ga¢h• Unrn•trl¢tsd Rostrlctsd funds funds 2024 2024 Total UnrostrlGtad R•8trfct•d funds fund• 2023 2023 Total 2024 2023 Donattans and gm8 Grani8 4LM) 43,812 43,812 247.394 222,966 222,986 247.394 400 222,986 223,386 43,612 247,394 291,0(X3 Grants 8elfast City Coun1 Arts Councll Northem Irelan& Cora 29,ClJO 36.250 38.250 179,C01 14,965 179,001 14.965 211.144 211.144 222.96e 222.9e6 247,394 247.394 15-
NEW BELFAST COMMUNITY ARTS INITIATIVE (TRADING AS COMMUNITY ARTS PARTNERSHIP) NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Charft•ble actlvitl•8 Unrn5trictsd Unr•8lriGted Re3trict¢d Funds Fund5 Funds 2024 2023 2023 Total 2023 Sooal Economy GMt Income 40,070 3,200 25,537 25,537 51.489 51.489 43.270 25,537 51,489 77.028 Analysls by fund Unresblcted funds Restri(aed fvnds 43,270 25.537 25.537 51.489 51.489 P•rfomi•nc• rnlat•d grants Arts Council Nl Health and Safety Gront Belfast City Coundl- Go Succ•od ProJr8mme sales 46,000 4,789 700 4e.000 4,789 (700) 3,200 3,200 51.489 51.489 Othw Incom• UnfMtrf¢ted R•strlct•d fundg fund• 2024 2024 Total Unr••trfctsd R•strfct•d funds fund• 2023 2023 Totsl 2024 2023 Othw Income 11,574 11.834 -16-
NEW BELFAST COMMUNITY ARTS INITIATIVE (TRADING AS COMMUNITY ARTS PARTNERSHIP) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Charltable activiti•s Unreslrfcted Restrlcted Funds Funds 2024 2024 Total Unrestrictsd Rè8trict 2024 Funds Funds 2023 2023 Total 2023 125204 125.783 125,590 125,59D Do.aOn and Impairnent Programrne Costs Hire Df Equlpmont G•n8ral Exper0•1 10.594 25,572 3.397 2,097 10,594 53.583 3,397 2,198 28,011 10,183 51.119 81,302 101 2,988 2.988 42,219 153,318 195,535 10,183 179.697 189,880 Share of support costs (see note 71 Shore of goveman¢• costs (8ee rth n 8,011 87.717 75.788 12,884 86,8TT 98,581 2,e09 2,809 3,594 4.140 50,230 223,702 273,932 23,613 288,9e8 292,581 Anqlysls by fund Unrestricted fvnds Restrlcied funds 39, 10,594 23.613 23,613 288,988 223,702 234,298 268,988 50,230 223,702 273,932 23,813 288,9e8 292,581 17-
NEW BELFAST COMMUNITY ARTS INITIATIVE (TRADING AS COMMUNITY ARTS PARTNERSHIP) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support sts Support Governanc• costs 2024Support costs Go¥emance 2023 Dewedatlon Premisos Expenses Office Expenses Travel Expons08 Insurance Costs Flnance Chargas Marketing General Expènses 137 37.546 23,735 8,685 137 15,741 37,318 30,098 6,930 8.893 1,027 530 228 15,741 37,316 30,098 e,930 8,693 1,027 530 23.735 8.685 4,599 434 852 434 652 Accountarw fe88 L•gal and professlonal 2,273 3,480 336 75,788 78,397 98,561 4,140 102,701 Analysed boknen Charitable aetivltias 75.788 78.397 98,581 4,140 102.701 Govemance costs includes payments to th• indeent examiners of £2.405 (202$ £2,290) for indepand•nt examlnalon Teos. Trugt••s Nono of tha Trugtoes (or any persons connocted with tham) received any remuneration or benefft8 from the charfty during the year. Employwg The avarago monthly numbor ol •mploy688 dudng tho yearwas.. 2024 Number 2023 Number Employment Costs 2024 2023 Wage5 and salarfej Social security costs Other pension costs 112,963 4,153 8.647 87,340 30.934 7.316 125,763 125,590
NEW BELFAST COMMUNITY ARTS INITIATIVE (TRADING AS COMMUNITY ARTS PARTNERSHIP) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Employees Icontlnuod) Thwo were no amployees vthose annual remwarntion VAS more than £60,OCXJ. 10 Taxatl¢)n The charity 1$ •x•mpt from taxatlon on Its a¢Uvltles bqcauJ• 811 Its Inm0 5J appli•d for ¢hodtabl• purpos•$. 11 Tanglbl• flx•d a•••ts Mu#l¢ qulpm•nt egulpnwnt IMllnq• Equlwn•nt v•hlc Cost At 1 January 2024 1,129 3,2eo 53,436 39.385 98.2CQ At 31 Decefflber 2024 1,129 39,385 98.21x1 Oeprnclatlon and Impalrnient At 1 January 2024 Oepreclatlon chargad In tho year 1.129 2.578 50,719 4,595 80.009 137 2.717 7,877 10,731 At 31 Decembar 2024 1.129 2.713 53,436 12,472 70.740 Carrylng amount At 310ec8mbor 2024 547 26.913 27,4eo At 31 Dec•mber 2023 2.717 34,790 38.191 12 D•btor• 2024 2023 Amounts lalllng du• wlthln on• y•ar. Trade debtors Othor debtors Prepayments and arKrued incom• 1.545 4,003 454 1,855 1,811 3,610 6,112 19-
NEW BELFAST COMMUNITY ARTS INITIATIVE (TRADING AS COMMUNITY ARTS PARTNERSHIP) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 13 CrwNtor•: amounts falllng due within orn 2024 2023 Olher tayatlon and sodal securtty Trad8 creditors Acuuals 3,123 2.400 2,405 7,928 14 RotlrnmMt b•n•flt •chwn•• 2024 2023 Dafinod contrlbutlon •ch•rno• Charg• ts profft or lois In respaat of doflnad ¢orlrlbulkffi sth•meg 8,647 7,316 The thartty oporota8 i d•ffn•d contrfbullon pon81¢)n 8cherna for all quollfylng omployoes. The a880ts of tha Sthemo are hold ¥eparatgly from thoso of the ch¥lty In Indep8ndenUy 8dmlnistgrgd lund.
i 0> * 28, rQ<DO
NEW BELFAST COMMUNITY ARTS INITIATIVE (TRADING AS COMMUNITY ARTS PARTNERSHIP) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 16 Unrnstrfctad fundg The unrestricted fvnds ofthe charity comprfse the uneXnded balances of donations and grants which aro not sUblt to $p8cific conditions by donors aTha grantors as to how thay may be used. Thése include d8signatad ndS which have been set aside out of reStriCtsd frjnds by the trustees for 8peGific purpo888. At 1 January Incomlng Resources 2024 re50urc txpondod Trnnsfer4 At31 Decamber 2024 G•neral funds 112,065 43,670 (39,6361 2,298 118,395 Prnvlous y•ar: At 1 January 2023 Incomlng ReJourG re•ourc•• •xp¢nd•d Tran¥f•rn At31 D•e•mber 2023 Generaj funds 54,955 80.723 (23,813) 112,Ch35 17 Analysls of net aJAat• between funds Unrnstrfcted Restrlctod lundB fund• 2024 2024 Total 2024 At 31 Docgmb•r 2024: Tanglble as8ets Currant 95setsl(Ilablllles) 547 117,848 28,913 ie,181) 27.480 111,e87 118.395 20,732 139,127 Unr•strlet•d lund• 2023 Rostrfct•d funds 2023 Total 2023 At 31 DvG•mbor 2023: Tgible assets Currgnt ass•tsl(liabilltig8) 3,401 108.664 34,790 (432) 38,191 108,232 112,065 34,358 146.423 18 Related party traMa¢tions There ware no di9d0sa& rel*ed paty transactlons during th8 year {2023- nono). -22-