Crnft North•m Ir•l•nd
Company Llmlted byGuaraftt4•
Fth•n¢lal 8tat•m•nts
Y•ar Ettd•d J1 Ma￿h 2024
¢ompw No.. NIU42349
Chailty No- NIC11M410

Craft Northem lrnland
Company Umltsd by (knTantsa
Table of Contents
Year Ended 31 March 2024
Cony8ny Infomaoon
Rwt of th• TfU8to88
Ststam•rt of Flnandd Actlvltt
11
8h8ot
12
FlnJn¢lal StataryJont•
13-19

Craft Northern Ireland
Company Limited by Guarantee
Company Infomiatlon
Trustees
Rory Shearer
James Toland
Patricia Flanagan
Patricia Margaret McNeill
Rachel Fitzpatrick O'Neill
Kim Mawhinney
Chris McHugh
Olivia Stewart
William Fitzpatrick (appolnted 13 June 2024)
Addr083 for corr88pondenc•
115-119 Royal Avenue
Belfast
Northem Ireland
BT11FF
Rogl8terod Office
115-119 Royal Avenue
Belfast
Northem Ireland
BT1 1FF
Independent Examlner
AAB Group Accountants Limited
1-3 Arthur Street
B8lfast
Co. Antrim
BT14GA
Regl8terod Charlty No.
106410
Regl8tsred Company No.
N1642349
Company Secretary
K Davldson
Bank
Ulster Bank
2-8 Market Street
Downpatrick
County Down
BT30 6BU

Craft Northem Ireland
R￿ort ofth• Trugts•s
Year Ended 31 March 2Q24
The Trustees presents tholr annu81 r8POrt 1og8ther￿th the financial statemonts ofcraft Northem Ir8land
for the year ended 31 March 2024.
The Truste8s conflfm th8t the Annual Teport 8nd fingmal Stste￿nts ol the Trust COMp￿v1th the
Charities Act (Northtsrn Ireland) 200B, the Colrponles Act 2006. the AFliGl85 ofAssodBlJon, and the Acttjuftting
and Repoth"ng by ChaMes'. St&tengnl of Recornmanded Pr8clce opplicable to charfff85 yèparfng lh￿r accounts
In accordance ￿th thè Flnanclgl Rèporung SlaThlards applicable In the UK and R8publle of Iialand leff8cbv•
1 January 2019).
Th15 f8Frf)rt provlde8 information on Craft Northern Irolarnd 8ctivilbBS and fin8nrAdl perfom7anu •nd forn
part of a r4ngg of pubNc Informa￿On designed to gwe an open 8cGounl of ourworL
Obl•¢tlve$ and •lmi
Th• PJfP)$95 yel out in the organlse*lons Stratsdc Plen ofth• 8oerd if0 the a¢hiev•m•r*t of:
Ourvlolon
Adverne ¥nd sustalngbl¢ craft$ectOT that ffAke¥ e POBillve conlrfbuuon to th• ¢uttur•, •¢onorry and wellbelng
of peopl8 in NDrthern Irgland.
Our Ml••lon
ro eontdbute lo an Sntsgratetj, antropron8urial 8nd vlbrant cont?mporgry 8OCtor In North•m Iroland,
v8ty ?UPPDrted ty regiong18nd local st8k•hold•rJ, that contslbutvs Incf8a8lngly to th8 er•&lv8, cultur•l
d econo￿NC Ufe Df Northorn Ireland.
rV•lu
We wlll In 8 way whlch..
Is 8rntsttous and ou￿9rd-1¢{5kj￿9.
. Bullds p4rtn9lshl￿ ond coll&borolJor#J..
• FlTrds opportunlUe8 to promote and advoGatg Nl Craft.
* Is educ811no, enrfGhlng, Insplrfng and Innovbtlnu.
. Promotes qu811ty.
.18 Inclu81ve and rtspB¢trul.
Top l•vd obj•eth•s
Mok•rs
W& wgnt to enabl• makern to ffnd traInI￿ roknvart to th8lr buslno88 and to tsjlld ben8fldil nett￿rkS In Nl and
bèyond. We Mill also BUPPOrt mBkèr81o ffind profes8tono1 developrnnt 8nd1gam aboLrt and tost commorcl81
approachs
We ￿11 support maker8 open aceèis trxining aThJ profess1c￿81 dfjvdopment programmo opportunbO•&
We w411 help peDplo slay In touch and nefvlorklhrowh our Makerforums and newslettets. W• wlll pronb)t
LY8ft throuoh our Croft Nl Dlrectory of mDkeTS 8nd rot￿11￿, our Gouory and our prornollon$ an¢ mrkgtlng
eG￿lbO8.
Audlencgs & Markets
We V￿]1 work trwards oudlon￿$ and buyors bwng obl• t¢ flr#l nvjro hlgh quamy ¢raft acro88 M and to Ngh
quafity ¢rgftexhlblllonB 8aslty. We also to make It eaBJer for poople to ff Tra craft workshoFB. whelher fur
ro¢r88tion or profèsslon?I developm8nL
Wo %%dll veate a n8w markn￿n9 strategy and d8velop ourh*bsite. Vve wll also develop ourjufied exhitMlion6
prioritsBing Nl mokors. Wg will grow Augu¥l Craft Month and through pertner5hiFe increese audIen￿$ both in Nl
aThY a￿05$ the l$land of Ireland and among visilor3. We %thll tr*Jild r8laUonshlF6 In oduc8llon, lo(sl govgmment
aT*I acro65 r818vanl 5tskeholders wlth inleTe8t in a Ifourlshi￿j craft 8ectoi.

Crnft Northem Ir•land
Report of th• Trustees
Year Ended 31 March 2024
craft
W$ makers to $88 Craft Nl gs an inspir*ional source ofinformtion and advlce. To rnaet INS
our other oblecbves we ￿11 develop our raJwJ8 of Incomè strèams and lake ￿re to SUPF¥)rt our staff. We ￿11
collaborats wilh a ￿der range tsf partn8r5 lo d81iver valug forth8 cr8ft sector.
Wg ￿1[ run our advlc• and slonposling gervlce And omwthe Potsnllal of our physlcal sp¢• as o r¢sourc• for
rriakers. We *?11 cresla isew pls¢iS Igr gallery Ma￿eting,. sponsorship and 'idraisng. and we ￿11 davglop and
sknpport our Blaff. W• thall de*v8lop r8190onship5 p&rtn8ts ￿03$ the1slands.
ACHIEVEMENT AND PERFORMANCE
Progr08s Ag•lnst OWodve8
l. Mak•
1.1 Signpostthg: Durlng thé y8ar Craft Nl provkyed ongc4ryJ support for da81gner-makor8 & 8•Ctorthrouah
Sign&￿￿'ng and Infomipllon Support via iespondng to indlvldu81 quer1￿ 8nd vla our Weekly P18n C neABl8tt¢r
- ￿￿ula10n Ilst 0180) cr•ft makers
Fundlw 8ourca8.
Guldan¢e for ylcfjng work.
Support on runnlng a cr8ft mllrket.
Wéèkty Ploh C n￿lottOr- cJrcuf811tsn listuf.800'crnft rrokarn.
1.2 Talkj •Trd Tr*thlni: Wo 4150 offerod 8 s•fi•B of onlln• Tglk8 Tr•In1￿ to ¥upport L¥aft mth8rB to
Incroase th& su8talnabllty oflhdr bu￿n9$80s, Inththng..
. SpeclAllstl•w811orylm&tsL4 tglk from Bryony Knox I￿1h a sp•dill•m In r•pouue ar￿ ¢h#lng:
.Product rthotography ￿th Slmon MJNS.
￿M￿ng D85ign Clrcularwith IK81(# Tr•ggldd•n.
We ran two mgkèr forums ￿th orb5t tglks - on8 in 881fBBt fromAnna Gordon, LoctuT8r In Je**llvry & sI￿￿￿1th1n￿
at GI￿g0W School of Arfs and • second in DeryLoTrJond6rry a m8kertslk from tèxblè 8rtlst knlttèr Ed•1 Mac8rlde
which 8ttraded over 40 p8rfJdpantB at eath. Wfr partnered *llh Oerry Clty Coundl for th• M8ker Forum th8r• and ar
gratalul to thèm for 8haring co8t*.
1.3 Cockpit Arts: We wcured'four pl8cw on * I&￿0k onllno m8kordovatopin•ntwooranYrn njn by C¢xkplt'Arto'
coCk￿t studlos Is reCogn￿ed as an èxemplar In Incubating craft busln888es thmugh dtes in London, and tho
programme WAS run by CockF4t* Haad of BU￿ne18 In￿bayon Progrnmmos Da¥ld Cruny.
1.4 Plan C: Weekty Makèr-focu6ed newsletter 8ènt by a-mall loctssing on grAnt OP[￿￿￿￿￿eB, tralnlng, bu￿n@6￿ 8UPPQrt
and makgr n￿. The fflallng 1st r•8chss over 800 craft mbkorn vlth 8 conslstent S0%+ op•n rate.
1."6. Taanks to SUFf)Ort Irom Future Screens Nl's Art Work Nogramme, w•r• 4bbe to •rnF4oy 8 Thgttal O•v•bpment
Offlcer to offor tralnlng In the loUo¥%tng area
UndeTSt8ndlTrJ soci81 nwdle.
Crealng content for social m•Jia.
Ind¢vlduBI ong lo ono 8UkWOrt rg8chlng 43 mk¢
TT8irlng progromnw in uslng Canva.

Craft Northern lrnland
Report of the TNstees
Year Endod 38 March 2024
2. Audlenc•s •nd Mark•ts
2.1 Acc•sslng high qu411ty local craft
Crnft Nl Con￿nuES to sem wort from QVBT 50 Northern IthBh maknr31hrough Its G8llery at 11>119 Roy41 Av¢nue.
Bgmast. make￿ In Northern Iièlatyj havv the opportuth to appty annualty to 9oN through the GallBry through a
juried open Cowo￿. From 16m to Umo, guest makèrs arg invited to s8Jl through the Gallery und¢r of
CArcurnslance8, frjr ex8mpJg.' through boing Invo￿tad In an 8xhlbltion In the Gallery., due to renowi In thelr field",
because they fill 4 gap In the produd raroe that cannot currentty be m8t by a Northem It1ah rn8k•r.
Gu8strnakws are Apwov8d ty the CrBft Nl 808rd Group.
Craft Nl conllnues to promote craft r8tsllws who sell North8Tn Iiish Graft across Northem ITel•nd, as well as makers
who s811 (fIr8¢A￿ to the publlc. We w(xJuc8d 8 mOn1h￿ mll-oth Kyofillng ne￿ from the sector, events 8r¥l prod￿19
Irorn rela1￿r$. Wè 8kn host a retaller Directory on the Craft Nl website and partner closety 4lth th888 #t Chrtslrna8
to r818e their profile on our soci41 thann&l¥ through sharfng vldeo content arwj nah* oboutth•m. allmth a Yi8w
lo encour4glThJ thg publlc to 8UPPOrt local makwd wJh•n considerin9 glthng opuons.
Fortho flrntlJm•. wg partnergd vllh Gard•n Show Iroland.
2.2 Exhlbition•:
•Carneron & Br••n Trunk show. month long show of full colleclton olthls le￿110ry busin038 wllh oppo￿nIty for
them to meet cllents In Craft Nl Gafigry.
•Sprkng Colhctors, 8howc•s•.' showcase olhork for Int¢matI￿OI vlsllors on • crall tourorgothod by Flow
Gellery, London.
•Pathways: August Craft Month èxhlt4Mon wlth PTlzes from hjnds donated by the Gulhj ofmaster Crnft Nl•k¥rd.
.M•k•rs Who T•Hch.' 8howcB6e lo c818Ef8le Northern Ireland's l&lenled mak&r3 also loach crafts. In
claswooms w￿rk￿0P5 and cornTh¥Jnltie8.
•Journeys In 8ilv8r & Gold: Chrfstmas selllng showth8mad In a￿U510n to praelou# matals aeross th• rnnga ol
Stxpfvnes.
•QEST: work ol Nl makers who hav• rocelved awards Irum the Queen EIIz8beth Schdarship TruBI.
2.3 August Craft Month 2024:
In 2024, Craft Nl contirtue8 Its partn•rsNp*lth the D¢sbn & Craft8 Councll of Irel•nd aNJ Cork Craft & De8lgn lo
de1fv0r 8nd cwromot8 Augu8t Craft Month acmg the IslaThJ oflreland. ThIswe8 wlth a vlew lo oudlences
fi)1 ¢faft a$ hEII as •nabln9 Nl makeis to reach now atyJlenui i8hnd-wlde. We wer• able to otcur¢ ¢ov•rag8:
across th• l$land'.
122 plece8 of covw•ao.
54 r4Ke8 of Nl cov8T8ae.
88 c4•¢98 of ROI cov•r8ll•.
13 BroBtha5t rAec•s ofcov•r8ge.
31% olc0v9rn￿O Included sod81 rn￿1￿ enoaaement.
75% ofcoveraoe indudgd a fink to Ihe Auoust Cr8ft Monih wgb8ite.'
In 2024
421 evert8 took ￿8¢& across the Islaftd, vlth 4t least one event In overy county.
163 averts took placo across Northèrn Iral8nd.
An 8sllmated 1200 10 1,￿0 makers look part In 2024 aeross the l$land.
estimatèd 80,NIO to 60.000 people vlsttsdthe alkisland avertts in I￿4.
Our onllne audlence incrèased ￿ 66% from 2023 over I5,OQO vlsltofs to the ACM in 2￿24.
All-island ACM Farkbook ce8ch of ov8r478,OUD.

Craft Northern lrtland
Report of the ThMta•s
Yaar Ended 31 March 2024
2.4 C¢>mmunIc￿0ns and CampalgnB
Monthly sectOr￿de new51etter almg(l al craft ¢onsum8rs cov8rtng thY)rk fDr 5alB acr055 all Nl ¢raft retsile
maker ond ochlovement3,' hlghllghts ofworkshops and thi￿$ to do.. exhibluD￿. Buy, So0, Make.
Craft Nl Gallory e•mail rbew31ettgr rrK•ntNy fo(yJ&rw on *YJrk In G81fery.
We contlnue to prtorfti5e awar8ne8>rai51ng through so¢yal medla plAtformB acr08s Craft Nl Craft Nl
GaI￿ry comblned sccounts r8ach ovèr 30,000 followeTS.
15 W•bsit• and Mak•r Dirnctory
In 2024, we conttnue to promote tha Craft Nl Makar Diiectory thrO￿h soclal mBdla prcrnotlon•J spoligms
on Dlrectory membL*rs a$ prumotTng onllné. Thls Is wlth 4 vlew to buildlno aMreness of th8 CMr8Ctory as 8 flfst
polnt of r8f8rence for curaior5. audiences or customrvmntiro lo ?ngage wlh craft rnok8r5. Recruttftwnt to
th? Dlr•dory ¢onJrue8 to In¢rga8•w5th aP￿ICa￿on9 as$gssod quarter￿ and aurrenly 128 rnornb8r8.
3. Cr4tt
J.1 HR and thfflnq
In 2023rd4 we had no change$ to the 8taff t••m. Thoro ￿re no fftlgfiotlon8 from th• Croft Nl Board norw•r
there Bny n8w appolnlmonts.
FINANCIAL REVIEW
Prfncip41 fvndlng sourc
A81de from tha Income geneiat•d by servlce provlsloTh and ¢omtrlsBlon on yele8 In the ch8rfty's T￿811 g8118ry.
thè ¢harttyB prfnc4p•l fijndlnll Jourc•1s the Arts Councjl ol Northam Iraland. In 20zJr24, Cr8ft Nl are gratsful to
through B•lf8St Cty Coundl lor fvnEllng through Its partneTBNp pr￿araMMe and to Futurn 8cr••ro Nl for
rundlng th• Art Work programmo.
Incom was also gBn8ratod through p4rtn•rtro vAth Antrlm & Nawtownabbay Coundl on ¢rganl8lng th? Crnft
VSllage at G•rd•n Show Iroland, as wo1188 through Pfolw¢t Manag?ment piovldad fDrAugu61 Craft Month In Rol.
Inv•stm•nl pdlcy and oblo¢Uves.'
Aelde from retalning a prudent arnounl In Te88Nos gath y••r most ofthe cherlty's fvnds ar8 sp8nt in th• shcrt
t8rm 80 there are no funds for long term Inv8strn8nl.
R•￿1Ve$ pollcy
Th8 chgrlty operotes a Rgsgrves PoNcy 9¥ a prudont rneasur• to èn8ui¥ the conljnued opeTrllon ofth8 charfty
In the •v8nt of an Immedi8t8 flnanclal requlr•ment du& to unfore8e8n drcumBt8ncgs. Such drcumstances rtht
arfse as a r8EuIt of, Etthough not llwdlBd to, any or a nunthT of the folloKlng'.
. A Source of IncDme not b8irvJ renewed or reduced. Fund8 mvJht be neod8d to giv8 th8 trLtslee8 ljrne to take
action If Snc(rfne f8111 bolow OXPeLXatlttns,'
. The rf5k of unfores88n ernergen￿ or other unexp•d•d n•¢d forfund¥, e.g. an unexpobled largé r9￿r t411 or
flndng'888d-fundlng' for an urgent proje*,
. Covorfng unfore&pen day-t04Jay opeT8Uonal ￿ts. e4. em￿DyIng tsffyor8ry stsff to covèr a long-term
sicknegs ahance,.

Craft Northem Ireland
Report ofth• Trust••$
Yèar Ended 31 Marth 2024
. Planned comrnltments, or designations. thJt cannot ba met ty fulure incom& abne. e.g. a relocahon. pJHn
for a n4lor asset purGhas& 01 a &gnificant piojecl that requir8s the tharlty to pmide'm9tched fundln<'.
. The noffl to fvThJ short-term defidts In a bI￿g￿l. 8.g. ny)n8y may nged to be spgnt before g fuThJl
9raTrt Is r￿ad.
The Board of directors hgvè ex4rTMned the ¢herityb requlrerngnts for reBgrve8 in the Iltht of msin risks to th
lo the organi¥aOon and ar• confidgnl the reservev 4fe Buffidert to ensur8 Ihe continued operation ofthe
chartty now and in the Immediate fijture.
Tho Boord of Dlr8dars ￿11 T95eive the ￿ght at gny polnt In15fflo to draw down thls re8eN6 88 rrfoht bg r•q￿r0d
vthlbl ensurtng by all rèasonable rnean6 Ihe earliest possible rebulkllng ol r896Th88 In ￿￿th thi8 pollcy.
FUTURE PLANS
Tho ch8rity plonB cont1nu1r￿ th* aclfvlUo5 outllned abov• In th• lorthcomlng y•aTr subjèct to SOtlsl8L*sry
fundlng wr•nllem¢nts.
STRUMRE, GOVERNANCE AND MANAGEMENT
Gov•rnlTrg do¢um•nt
Th• eh4rtty 1$ ￿ntrOllad ty lis gov•mlng docum8nl. a d•ad oftrust, and corr4Utut•s • Irr4tsd company, Ilmltsd by
gu8r8rt08. as d¢ffn•d by Iho Corrwnle? Acl 20a6.
The organl¥eOon IB & ch8rKat40 ￿ryany IrTtted byguarant8e, Incorporated on 24 N(svgmb•r 2016 gnd reglstarod
as 8 charfty on e Aprll 2017. Tho compony wgs ¥*8￿18h0d under a M8wKJr8ndum olA￿S160n that 88tabllshod
th8 obleds and powers of tho charilablg company and 58 govorned undor ItB Arb'cles of A8SOC¢8tlon. In the event
oltha ¢x)mpany hlng wound up mombor8 aro requ11￿ to contrtbule an amDunl not exceedlng £1.
R•crullm•nt and &ppolnthi•nl of n•wtrnJts•i
TruBleeB mby bo appolntsd by th• curr•nt Board ofTruBt•v •rKI Shfjll 8•N•lor a p¢rfod ofthi•o Y￿rn, whl¢h
c40 be extend8d by a fvrthei tsvo tèrms ofthrne y8ar8 eech ty rNtu81 ogmmènt b•thM8•n th• BO•￿ 4nd
the Tiustè9. On appolntm•nt 8$ TrLBtee, th• p•tson ¥ho11 bpKom? a corrp8rry m8mbgr ol tha Bhartty.
All membern ofth$ boafd ofdlretAots gfvg their voluntarfly glld rvcgfve Thr¢ bgnefits or expenB88 from tha C￿rtty.
The eh8rfty 8cllvety promole8 a l)oard of dlrK*ows that IrKludps a r8ngo ofsklts, 8xp8rtgnrg gnd kn¢yMgdg& th
keeF4'ng Ihe purnu8nce of fjts Oblects. The trathlonal txJsln88s skills a￿ well 18pr959nt8d on tho board of
dlr8Ctor& In an •ffortto rnaintaln Ihlg LYo8d 8klll nix, a b08rd $kJlJ8 a￿15 carrSed out regularty, m05t recenl
n 2021 and In the èvgnl of particular s￿115 being105t due to mtlr•m8ni¥, fjjlurg boarf rerwultm8nt I￿11 gfve p￿orfty
to the replacernent of th8¥8 skills.
STRUCTUR& GOVERNANCE AND MANAGEMENT
OryanlsatSon•l struGlur•
As of 31 March 2024. thè tharity h89 a board of directors ofelght maMb￿S￿h0 meBI bl-monlhty and are
responsiblè lorthe strataolG dlrection and pollcy ollhe charlty. Thém Is an Audlt and Risk Sub4ommttteé and p
NoThlnations and Remuner8Uort8 Sutrpcomittèè. The Board's Quafity Conwnitt80 decK1è5 on oallery, retail and
oxhlt4tion 8ppllcations.

Craft Northern Irèlond
Roport of thé Tnvat••s
Year Entsj 31 March 2024
of the tr4)ard Df director5 are from 8 V8riety of professlonal bBckgtounds 1818vant to the work of th8
arfty. A 5them8 Df delegation is in place day-*o-day Tesponsbllity I￿{hO p1￿151¢jn of services rests vlth
tho stoff tearn. Th9 Director 18 rog￿nSIbl8 for angu￿ that lh8 tha￿ty de￿ver$ the servicgs spedfj•d and th81
perf0m￿nCe INlieatOT8 aTe met.
Inducllon and tralnlng ol n•wtnJst4•s
The exlslThJ Tws1¢g¥ are already fan*18r￿ the practic￿ ofthe charfty and ar8 oncouraged to attond any
eV8nts organlged by th8 tha￿ty. New trustees ￿11 be Invrted and encouraged lo attend a s&ries of8hort Irainlng
S•SSiOTB to f8thharise themse￿85 the charity and the contextbwthln which tt OP?TatsB. TheB8 will ￿ lad
by tho Chair of the board ol thfe¢try8 and the Chief Executive of the ch8dty 8ThJ bMII covor..
- The obligallon$ of board of directors, membèrs,.
- The main documents that 88t out Ihe Opera￿onal framBwoik lor th• charty IndudSrwJ tha M•TNgr8ndum
and Artlcles;. Resourdng and thè current finandal po￿￿On As Set out In the fatest wbljshed accounts.. Bnd
- Futur• pla￿6 4nd otyectiv6S.
R•l•tsd parths
In 80 far 4811 Is ¢¢mFllmentsry to tho ¢harfty8 oble¢tB, the thartty 1$ gulded by both local ond nadonal polcy.
Th* Arts Councll of Northorn ITeland18the lead dev￿0Pm0nI ag•n￿ loi th• 4rt81Th th)rth8rn Ir•l8nd. Tholr
ovwall pl￿￿ the Arts At tho huart of our Soclal, economlc arid ¢r68Ove Ife,. Thelr 8trnteglc plan'1n8￿r￿,Conno¢t.
Load 2019 10 2024, Includes-
- Cr•atsng B CDnffdent, vibrant. ort2 Inli88tru¢*ur•;
- Worklng ￿lIh Ivcal oovernm8Tht to 8tr8nulheri local arts
- Incr8890 audI#J￿08 for the arts
- Bulld sustaIna￿lty by helF4ng organlsations dlverslfy Incom•
Our wc4JMmmo OfaCt￿lI1•S thoreloio fflB th• ArtB Coundl of North•m Ireland's strAt8ole obl8edv•s gnd therefore
thelr fundtrvJ erbrla. The Arts Coundl ol Northorn Ireland appolnts an ot••rv•r who acts 88 Nal8on offlcer *ith
organlsatioTr$ In recdpt of fin8nd81 a$￿$tanCe.
11 la a ¢ondiUon of finandal a8*tsnce that the obs•rv•r 1$ knvllgd to attond all board meotings Includlng
sub.comMtteog.
Risk mvJTragem•nt
The Board ol Th'TectorB has conducted 8 r•vlewof the rrnior risks to thch the charfty Is exp)ged and a risk
rqgisler h08 b88n 851abléBhed that15 r8vlgw8d bl-monthty al each Board moe1tng. Where 8ppropriate. SyBlem¥ or
procedures have b8an •8tsblished lo rTlllgat8 tho rfBks the charfty tsceB.
Thg oro8rlsRUon ts gulded In 2023-24 ty a one-ye8r budness ￿an, undèrthè 2022-25 th(8• ya8[ Str8t8glc P18n.

Craft Northern Ir•land
Report of the Trustèes
Y8ar ETrl8d 31 March 2024
statem?ntof Trustees. Responslbilities
The truste05. who are ako the dIrecto￿ ofcreft NDrth8m Irelgnd ft)rthe purposo of company Iwrt, resFollBfN&
for prBpariTrg tho Trustee5' Rewrt and the finandal stalemants In at￿rdance bwth appllcA)le ljw and United
Kingdorn Accounbng StsThJ8rds IUn118d Kingdom G8norally Acc8pted Accounting Practi¢e}.
Company Law r8quires Ihg tru8tee8 to weparg financ¥al staternents foreath Ilnandal ygarwhlch glve 8 truè
f￿[ ¥1ow ofthe st8t• of Affairs ollhe Charity and of the incowiro re8our￿ appr1￿￿On of resour￿$, Indudlng
thg Income and eKpendtur&. ofthe Gharitobje company forthal year.
In Prepa￿ThJ th89è fln•ndal 3tat8menty th8 Iru81e05 Bre rnqulred to..
- 581oct sultablo accounllng polldes and Ihen appty th8ffl LY)n818tentty,-
- ob88Ne methods and prfndpJg6 In th8 Ca8rfY88 SORP;
- make judgemènts gnd gslJm8tes that aro r•8Bon8bl• and ￿J8Tht.'
- stats vtheltt•r 8ppllcabb UK Accountlng Slandards hav• b¢en lollthved, subJ¢¢l to any matsrlgl d•parturo
osed and •xplaIn￿ In the finendal 8tatemont8,' •nd
- Ffepgr• th& Ilnan¢141 stalem•nl8 on th8 golng con¢afft b#ls Unt￿111$ In8pproprf•t¢ lo pr•sum• that th•
¢harfty VIA contlnu8 In opratlon.
The truste85 arg r8sponslbl8 for keeplng *I￿]u￿te accounung rocords that d18clo￿ reeson8￿8 acKuracy al
any bmg th8 finandal po￿￿On oftho charSty a￿1 enable them to ensure Ihatthe flnanclel statements comply vlth
th• Comppnlej A¢a 2008. Théy ere alBO reBponBlble lor 88fogu8rthng the a•￿ts ofthg ¢h#rfty 8nd ￿0¢+
for Iqklng re8sonabkn Btepy for th8 wevenllon and deledon of fraud and other Irregul8rf1168.
Dlselosur• of Infom￿tIon to Ind•p•nd•nt E￿miner
Each of the twslees has conflrmed th&tth8(• 1$ no Inlormgtlon of whlch they are aware wl4ch IB relevantto tho
Indapendont •xarnlnaUon. bjt of￿1th thg Independent examlner18 unawam. Thèy havo furthér conflrmad th8t
they h8v8 taken appropii•t8 stepB to Idenllfy such rolevant Inlormallon and to e8lab48hthat the Indopend•nt
txamlnerl8 of8u¢h Informa￿On.
The trusiee5' f8POrtW88 4pprovod by th• Board ofTMt•88 and slgnod on tts ￿hall ty..
Dat•d'.

Craft Northérn Ireland
Independent Exanwnerb Rewt
Year Ended 31 March 2024
I report lo tha In￿t085 an my exaTrdnatloft olth6 finandal statements of Craft North8m Ireland {Ihe rth8rity1 for thtt yèar
Ondéd 31 Mordl 2024
R•$ponslbllltlRs and bash ol Thport
A8 tha trustè88 of fh8 charity land also Its dlradots for thè PUfPOSaS of cowd>gny IBW) you arè responslble forthe
pr*poratkJn Df the Inandal statements In aGconl&nGe knith Ihe rwulroments orth• Companle5 Act 21J061th0 2006 Act).
HavlTrJ J8l?fi•J mysejlthal th• finanrA•l $tatsm8nts ofth8 charfty 8ra not r8qulr•J to bo 8ud118d und•r Part 16 otthe
2(]Ofj Art gf)d wre 8llglblTr for eX8￿n￿lIOn, I report In respert nf my emanxna￿0n of the rthprtty'5 ffjnE4Dd¥l
statements carf•d out und8T 8•Ctlon 65 1Jfth8 Charfbes Acl (Northem Ir8land) 2008 (the 2W8 Art) . In out my
gxamlnation I h8v8 all th8 appthc#t48 dlredlon¥ glven by the Charlty cOmr￿sSIon under s•ctlon OSl9libl ol the
2¢)J8 A¢t.
IntJ¢p•nd•nt•xamlnqfs Ntat•ffl•nt
I hBVO COtryJhl•d ry o¥8rrlnBlion. l Gonfirn that no mattern h8v• comg to my 0tt8nllon In connoclon vlth Ihe
•x?rdn8tion glvlng ma cause to bgMev• Ih8t In any mal•rlal ￿pect..
￿￿o￿n11ng record8 ware nol Sn re5P8Ct of th¢ chArfty gs r8qulrgd by ¥•Gtlon 388 oflhe 20Cfj Act, or
th• finanrlel ¥l81oment8 do not accord vlth Iho8e recordy.. OT
th& fln8nclal slgt8mentB do not¢omply vllh the accounong requlrementB of oeL*¢on 396 of tho 2006 Act
¢lh8r than any requlramenl that the accounts true and f41Tvlew%thrh Is nDt a rnatter comldernd 98 part
of an independont examlnstion; or
the fin8ndal ststem8nls have Th)t bgèn PTeFqréd In arLord8nca *lth th¢ rnethods 8ry1 prfDrlpleB ofth
statement of Recommended Practice for 8Q￿un￿nll 8nd rap￿Ing by chBrit48B gppli¢aNe to ch8rtb•8
proparing IhelT accourts In accord&n¢g the Flnandal Reporbng Slandard apF4Ic8bto In the UK and
Ropubllc ollraland IFRS 102).
81ncg your chBrlty's gross income 8xc8édad £250,OQO your exaniner rNgt bo a member of o 118ted body. I can confirm
that l 8m quallfied to undert8ke tho ￿&￿InAtion b8CgU8¥ l am a Thg191er•J m8rnt¢r of Charter•d Accountant8 Ire￿nd,
whlch Is onè ollhe118led b(rflie8.
I h8¥? no conc•ms and have corn• a(¥oss nD other In connocilon vlth tho examln8thon to which attenljon
should b•drawn In thi8 itswt In ofdorlo •natAe a F¥0￿r undèrstsndiro olth8 ffnand81 Btatsm?nts lo be r8ath8d.
Mlcha•l FaTr•ll
For, and on behg11 of,
AA8 Group Accountants Llmlt•d
14 Arthur Street
Bollast
Co. Antrfm
BT14GA
Dated.. .(If/i %.{.%oz
10

Craft North•m Ireland
Company Umlt•d by Guaraftt••
Stat•ment of Flnanclal A¢tlvltl•8
IlncorporatSng an Incom• and •xpanditure accounti
Year End•d 31 Ma￿h 2024
Totsl Funds Totsl FuAla
2024
2023
Lknmstrictsd Réstrlct•d
Notes
lftcomfr and •ndo*Trants from..
Don41J￿5 and legade8
19,847
186,929
186,77e 219,526
Othor Ir4dlng
88,298
88,293
82,247
Tolal In¢t)m• •nd •ndwmi•nts
80,143
168,921
28•￿72 281,7
Exp•ndknJr• ott:
Charftabb AcYvllv8
192.532)
{169,538)
1262,0881 1271,239)
Totsl Exp•Trdltur•
192J321
1169.0361
1262.008)
1,239)
l•t In¢oM• forth• y•4r b•for• tran•l•rs
4,JB9}
10.534
TranJfeTr batr￿en fvnd8
N•t rnov•m•nt In lundi
12,607)
18,996)
10.534
Recondlltlon otfunds.
Tot81 bJnd8 brought forwoTd
71.341
6,408
,749
87,215
Tot•l Fun(fs C•rrf*d Forhwrd
io-
68,Y82
3,801
70,753
77.'749
Al Incorn• darlv•8 frDm cunlnulng •cUvltlg5. t￿r•fOr0 na 8t4tsmvnt of recognlBwJ galns or fo#05 IB gfv8n.
Thg not•8 on PA9￿ 13 to 19 form p•rt oftheBO finandol •tthm•nt
11

Craft Northem Ireland
Company Llmlt•d by Guarnntee
Bahnc• Sh•¢t
as at 31 March 2024
Not•
2024
2023
Flx•d Ass•ts
Ta￿lbIe assd8
5.098
7.539
Curr•nt Assets
D8btOf3
Cash Dt bank and in hand
10.194
89,$80
19,341
Cwedllors". amoLJnlB fallw du• Dna ye4r
14.119
8,821
NEf CURREKf A88ETS
85,855
70,210
NET A8SETS
70,763
77,749
Repw60nt8d ty..
Unr•stricl•d Fllnd8:
GBn•ral
Oe•lgn•t•d
57,169
9,783
81.578
9,763
R•strlct•d Fund•
10
3,801
8.408
711,703
77.74
The company IB 8nOtl8d to th8 •x•mpllon from Ihg ¥udlt requlTement contalned In eectlon 477 of th•
CompanieB Act 2C4J6, forth? year 31 M•r¢h 2024.
Thé dlr¢rtorB acknovA•dJ• thelr re8pongltlThU•6 for ensurino thallhe ch8rlty keops accoufittng f•cordswhlch
compty wrth sDctlon 388 of lh8 ActaThJ for pi¥p8ring Inortcl418t8temont8vhlch glv• • tru• and f&r vlew of th8
8t8le ofaff81rs of the company o¥ 81 th• •nd ofth• fina￿91 y￿r and of Its InCo￿ng rn80urce8 and appllratlgn ol
resources, indudln9 Its Incom? and 8xpend51ur8, for the finaD¢lal ygHT In &ccothnce the requ1rerr￿nts of
SèGlfoDs 394 and 395 8nd which otheTh%ls¢ Com￿Y ￿th the re4ulrement8 of the Companio8 Act 2006 r•lalJng to
fin8n¢S818talemarts. ¥0 14r a8 appllcabkn to the cornp8ny.
Th& mmtors have not rgqulred the coN4Jgny to oblaln 4n audtt of Its ffinend81 statemgnts forth8 yearln quesuon
In 478.
These finanagl stat•m8nts hav& bggn piepared in occordanca Ihe provlwons aPFAlcat4e to comp8nl09
subled to thè Sm811 companle8 reglme.
The finanelal 5tat8ments w8r8 approvad by tho Trustèas on .........................
Kjffl M8￿nneY (Ch8Ar)
Tntst88
Company RègIstr•￿0ft Numb•r N164234•
The nvtos on pages 13- 19 fomi part oftho5? Ilnanrial slatem?nis.
12

Craft Northern Ireland
Company Urnited by Guarnnt••
Notes to the FlnAn¢lal Statèrnents
as al 31 March 2024
1 ACCOUNTING POUCIEg
The prirKipal accountSng poldes 8dorrt6d, Judgwnents and kèy sourtss ofestimatlon uncortalThty In tho
preparalon of the Inancial Stat￿orts ar• as loknts..
Bl B￿S of weparallon
T￿ fingncial statewnents hav& b*￿ w•pared In aecordance ￿1th AccountlrwJ tnd Rep)rtlng by Chathies:
ststem8nl ol Reconwn8nded Prad1￿ applica￿9 to chari168s We￿rfn￿ thelr acGounts in accrAdance ￿th
the Financ181 ReF4Jrtro Standard appIl￿ble in Ihe UK and R8publc ol Ireland IFRS 1021 leffecllve
1 January 2019)- (Charities SORP {FRS I￿2)}. Ihe Finandal Reporbng Stand8rd applcable in UK and
RepuNl¢ of Ireland IFRS 102).
Craft Northein Ir•land meelsthe d8finltJon ol• publ1¢ b￿aft ontity und*1 FR8 102.
b) Proporathon of th• acwunl8 on • golng concern baBis
At th8 t(rn¢ of approvSng the financlsl 8t8tgm8nts, the trustees have o reason8blo o¥pedallon thBt th8 charfty
h8¥ adequat• Tegource8 to continue in oporation818x19tenc8 for th8 fore88eabl8 fvturo. Thu8 th• trust808
IINe lo ad¢)pt the golTrJ conc¢m baBh of accowtlng In wiparfrYJ the llnanci81 statem•rrt8.
¢) FuTrJ Aceounong
Gener81 fund3 8Te unro8trfd8d whlch are avellable for us• 8t th• dlscrouon of IhB Tru819￿ In
fiMther8Trce ofth8 general obleth8s ofthe ¢h4rlty pnd ￿lch hove not been deslgnated lor other purpoB85.
G•noral fund$ may be tr8n8fgffod lo de81gn8t￿ luThJs %thor8 Tru5t••s %4sh to usa thè88 funds for a
8perAfic purpos8. Such fund5 be Iron¥l¢rrad tsack lo general funds once the for the deBlgn8Oon
h8ve bo¢n met 01 af• no kjnger app&cabl&.
Re&tslct•d fijnds fundB whlch 8f• to Èe usèd In aCw1dan￿ wlth spedfic r68trlctlons impc4ed by
donors orh%thlch hwg b88n ralBed by tho Chadty for partlcul&r wrwBaS. Th? COBI of rai¥lng and
adnlnisterlng such fund& ar• ch8rg8d agaln8t the gpeclfic fund. The alrn and us• of r•styld•d ffiJnd818
g•t Oul In the notes io the finandal 8tsfem9nts. RèstrICt￿ funds rrny only be transleThed to general or
deslgnated fijnds once the ¢riterfa lor re8tsicUon have boon di8charg•d or no longer apply.
d) Incom• Rètogrfllon P0￿d89
Iterrn of Incomt 4r8 recOg￿8*d ond Included in th• accounts vth•n all of the fDllovlng crIt•￿a qT• m•L-
The charfty has antiuefflent to th• fundo:
any performanco coTrJlllon8 altaL*ed to th• Itwn ol Income hq8 been met or aro fvlty *lthln the control
of the ch8rfy'.
th8r8 Is suffldent c•rt8lnty that reeelm of the Income Is GowldeT•d wobabla., and
th• amount cBn be m•asurod r8ll•bty.
e) Dongted seNico8 gnd ladlllle
In aecerdanceKIth thg Chartlles SORP IFRS 102). th• gMoral volunte•rlJm8 of8upporterB 18 not
r8cogn5sed.
fj Intsrest R•ul¥Abl•
Int•iesl on fvndB hekl on dopD5it 13 Induded when weceivable and tho amount rAn be m8osur•J I￿3t￿
by the chBrtty', thi5 i¥ normglly UPDn nthficalon olthe Int8reEt p4id QT payabl? ty the Bank
13

Crnft Northern Ireland
Compny Limit•d by Guarant•
Notes to the Finaneial Stal*m•nts
Yèar Endèd 31 fvlarch 2024
1 ACCOUNIING POLICIES (con￿n¥•d}
g) Expenditurg and irrecoverabla VAT
Exppndiiur& is recognr6ed ofic8 ther8 18 a1•3al or ron5truthTe obhgaJon tD meke 8 wymjnl to a thlrd
poty, 11 Is probable thatsettlem¢nl will bg r8quir•d 8nd th? amount of the obll9adon cBn ￿ rmasured
rdlotyly. Ex￿[￿litu[8l5 cla5￿fi•d uThJor thg Idlo￿l[￿j he•JlngB'.
EKpendltur8 on charitable acUvllle8 includes the coBts of supporttng refuge8 farnllle5 and adv608S
nd8rt8ken to fijrther the purpo$gs gf th? Chgrfty and Ihfjr 4saodotgd support costs
Other •x￿ndItuTg repreBents thos• Itsn￿ not fgWrrf4 Into gny othèr haodlng
Irrecovorabl8 VAT18 charged as a cost 8galn8t th8 forthkth tha 8x￿nd￿ur8 vms In￿rred.
h) Alloc•tioTr ofwJFVtJrt
Support ￿&t$ 8r8 those funcoons that 85sbt the work ofth8 GhBrity but do not dirgdy undartak•
arltalAe acYNtties. Support C08ts incI￿￿e back offlc• cosls. financo. pèrsonn81, p8yroll and govem8nc&
¢osts whlch Support th8 chartys progT8mm&s and acUvliieB. TheBe coslB have baon 8llocated betW86n
cost of Mlelng hIr￿S End exp8ndftur¥ on ¢harttabkn aciivibej.
11 C48h al bank And In h8nd
Ca¥li al b¥nk ￿{1 Iii IIAiid Iii¥lyd*¥ ¥a*li ¥lwil I1￿￿11Y Ilquld Sliv¥*ii￿1I16'thIh 8 811ort
matur(ty of thrne munlhB Dr le58 frorn tho dot• of JrWviifDn or openlnu thg depAI or slmllar ar￿Unt
T•nolblg Flxod ABNets
Indlvldu81 ffx8d assets are capSta1158d #t Jre depredaled over Ihe5r 8811mated VBefiJl economlc
nv85 on & 8tralghl Vn8 bAsls 88 follo￿..
Ass•t Cal4gory'.
Allnu81.R•t•
FlxtUrn8, IItUngi pnd equlpynont
Cornputer Equlpmont
10% s￿ht Llne
33% Slralght Un•
Thg carrylno v&lu09 oft8Molbl8 flxed a88818 ar• rwl•wJ lor Impelrrmnt when events or cIrcui￿nC89
IndSc8te ffte value may.not be To¢ov•rabl•.
kl D•tlor5
TrBde and oth8r d8bto(¥ ail recognbs8d at thv settlement amount due after any trade dlBcoiint off•red.
Prep8ymBnts arg valued at th• gmotint pr8p8ld alterta￿l￿ a¢count of any tr•d• d19count d￿.
11 Ciedltors and Provi￿On
Creditors And prw8lons ar• r8cogniBed where the charfty h88 g pros•nt obllg8tion r•sulUrvJ from • pg8t
ovent that wlll probably r95uA the transfar offunds to 4 Ihlftl paty and the amDUnt due to 8ettle the
obllgailon can be m8osur8d or esltmaled rol&bly. Cr8dltor8 and wovleionB are normBIty r?cooniTgd at
thelr 8eWemenl amount after allo￿1ng for any trade dE8c￿Ullts due.
m) Pon81oT
company operatss a defined ¢¢nlrlbution p￿slon schem8. Contrfbution8 are charu8d In thè
statèment of Inanclol activities asth￿ ￿cOMe payable In accordance ¥￿th the rules of the 8ch&mo.
14

Craft Northern Ireland
Company Lirnited by Guarantee
Notes t¢ th• FlnanGi41 Stat•m•nts
Year Endéd 31 March 2024
1 ACCOUWINftJ P.OLicie8 Icontlnv•d)
rb) Taxalson
The company is a roglstèr8d charfty and thg ¢haill8bl¢ tsx ¢xemplo￿ ar8 Iharèloro belng daimed to
the èxtent thatSrthrn8 andloi gains are aF¢)licable and apF4'ed to charitabl8 pUfFh￿85 only. These
•x•mMlorffj ￿11 rgm8in in placo as loTrg • Incom8 arKt 8XF•ndltui8 Is applled to charitabl? pJrpos•8 onty.
o) Flnanclal Instwn6nts
The Charity has eltscttrl to appty the provislon5 of S8dion 11 'Baslc Flnand81 InstrLtm8nts' gnd Sathon 12
Other F6nancial Instwm8nls18Bugs' of FRS 102 to Bll of ils llrffjndal Instrurnent6. Finandal instrurrnnts are
rocogn158d In Ihe Chartty's b8lanc• 8ho•t wth8n thè Charfty b•oome$ pqty ¢0 th• contraLXu81 prO¥l￿OnI
ollho In6trurnont.
Flnand818ggels and latlllles are offsot. thg not gmounts arn prK8ntod In tho flngncig181atements,
when Ihere is 818981ty en(orGtsablg rlghl ID 581 off thg r8oJgni58d umDUnts and thor? is an intEnlion lo
8etd8 on a nat ba#18 tsf to reall¥e the aBset aThl uttl? th• U•blllty 8lrNttanaouety.
8aslc finpndal assets
BBBIC fln8nd819858ts Irthplly meaBured attransacuon pilc8 Indudlng tran88don cc8ts end are
sutsequentty eathod gt 4morb8ed cost using lh8 eff8cdve Infvr8s1 molhod unl888 thg 8Th4ng•m•nt
con8O1utO8 a finandng transoctlon, whoro the tran3aclJon16 meaourqd at the preBent value ol the fvtura
rec8ipi¥ d[8￿￿1)led 8t * iiNi*t¥k of IiileiwL F1118nLI81 a6wts cl88slfiod w I'*C¥￿ble wlihlii ono
year orè not amDrtl8ed.
Ba3lc fin8ncl81 Il8b)liti88
BB?Ic ftn8nd81 IlJblnl1¢& are Inlllglty r•eoghl$gd at Iran&aclon prico unless the aThaThJemenl conBWlute
a fln8nclnB transactton, where th• debt Instruments Is me8gur8d at Iho presentvAlue of th* fvtufe
paynwnt8 discDunled Dt a markat rsts olinl•ioBL Finandal labllvos cl8Bslfied a8 ￿y￿ble *lthln one
yeEr.8r• nol amorti6ed.
Debt Instrurn&nts aro whequenlty cafd8d at 8n¥Jrtl8ed ¢￿t, UBlng the •ffeclfve irrterest rats mothLXJ.
Tr&Je credltors 4re oblgalions to pay for goods or sewlces that have been acqulr•d In th8 ordln8ry COUrn(
of op8rallons fvom suppllg18. Amounts payabje are dos91fied es Cufrenl Ilabiliilas11 paymant Is due
thln year or less. If no( thay ar8 pres8ntsd a8 non ewrent liabilM•s. Trade credlt018 are rewnfrBed
lnlll8lly 81 trans•don prfce and 8ubs•qu•ntty meosurad at amortlsed cost uslng the ofleedv• int•mBt
Dgr•cognldon of financtal118bHNla8
Flnond81 I•￿1￿88 8r8 doi•eognlsed wh•n thw Charityb ¢onlr8dual obllg8llons exF4r• or aro dls¢h8rg
or L*nc8lle(l.
pl Crlllc818co)unttng esllmales Judgem8ni8
In the appth¢8llon orthe Charity* 8¢Gounting policle8, the Tru8tew ar8 roqulrad to m8k•Judgam8nts.
gsllmates ￿nd 865UrnPtlons about th8 carrying amount of as8ets aTwJ liatMIMes that are not r&4(1ty
8pparontfrorn other 50UtC85. The eEtimatBS and ayeocialed assumptions ale b858d urr histoiical
8￿￿lenc0 and other factors thAI aro ¢on51dgr•J to ￿ Tg1gVPrt. A¢tual fgBults rnay differ frorn these
mat85.
Thg esOmateS 8nd undeitylng a8sumptions alè r8vl8W8d on an ongoiro baBiS. Re¥islons lo gccountlng
osllmat85 are rgcogr458d in th• perfod In which Ihe eBllmate Is rgvlsgd wherè Ihg rev1￿0￿ affgcts onty
that perfod. orin the period of the revluion 8ThJ fu￿re perl¢>as ￿ere the rovlulon affects both cwrent
and hJtur¢ pgri(hYg.
15

Craft North•rn Iretand
Company L5mlted by Guarante•
Notes to the Flnancial Statsm•nts
Year Ended 31 M8rch 2024
Incom•from donatlons and legacios
Total Funds Total FuThJ8
2024
2023
UnMstrfGt•d R•strlct•d
ACNI Annual Fundlng Programmè
ACM H&S Equip 20Wk3
Design & Cr8ts' Council of Irebnd
Bvlfasl Clty Council
Ulstsr University- Athffjrk Employabllty
The Brknsh Coundl
Art Work- Fundar FutUTe Scroan Nl
GArden Show IrelEnd
145,5051
145,509
143.404
6,255
18,000
18,CQO
18.000
21,919
3,SOO
21,420
21,420
1.847
1.847
Th8 2023 tot81 of £219,528 VA8 8plll £44.448 uTrr¢8th¢tod ond £175,078 ro8thcted.
3 In¢om• from Tradlnu A¢tlvlths
Totsl Fund* Totd Fund$
2024
2023
Unr•strl¢t•d Re•trl¢ted
Gall8ry Sal
Oih•f InGDrnP
62,ne
5,580
02,731
5,560
82247
Th& 2023 totsl of£62,247 w•J 811 unTeStrict•d.
4 R*sultJ lor th• yt•r
Th& for tha year ha8 ￿•n •rMved at aft￿ ¢hgrdftg the follrwlrvJ'.
2024
2V23
Oepredadon
2,441
5 Exp•ndrtuwe on eharltabl• a¢tlvity
Totyl Funds Total Fund•
2024
2023
Unrnstrict*d' R05trictod
OfjFect Ch8rftable
S¢Jpport Costs
Govem8nc8 Costs
89.214
1,719
1,599
166,608
2,930
255.820
4649
1,599
3,478
5,217
16

Crnft Nort￿ffl Ir•land
Company Llrnited by Guaranteo
Notes to the Finan¢Sal Stat*m•nts l¢ont)
Y8ar Ended 31 March 2024
Ahatysis ot Staff costs:
2024
2023
Salades and Woges
Soci81 security c08ts
•f P•nslon Costs
159,282
8,746
7.857
1Y6,886
147,990
9,558
7,104
164,852
Th8 av•rng¢ monthty number ol •mployeey 812023.. 81 and th$ 8v•rage rnonthly numb•i of
pk)yfj•E durlnu th• ¢xpf¢BGpd e¥ full lJ(n8 •qulv•l•nts wa$ 8$ follo¥￿ (Including cBsu81 and
Part dmp stam..
2024
Numb•r
2023
Numbor
Ch8rflabl• aGUvld86
No employe8 h81 ernolum•ntB In ¢xces8 of£80,0￿. 12023.. 01
Thg ¢harfty Tru8tses w8r8 not p4ld nor dld Ihoy ro￿8 any other bon•fits Irom omploym8nt*lth the
charfty In th8 y8ar12023.. £nil) neith•rwore th8y relmbur84d 8Kpèn898 durfng the year (2023.. £nlV.
No char(ty TfU$te? recelved paymont for kYofg861on81 or olher eeNIcg0 8uppll8d to the charfty (207J.'
7 Tanglbl• Flx•d Ass•ts
Flxturn•.
Ill￿ng$ and Comput•r
•qulprn•nt
equlpmènt
Totsl
Cost
A8 Ot 1 Aprfl 2023
Idons
s at31 Marth 2024
4337
6,620
9,1187
Doprodallm..
As At 1 April 2￿23
Charge lor th• yéar
A* •t 3t Marth 2f24
334
3,1T1
2,107
2,441
4,759
Nat 8ook Valuo
4 0131 Marth 2024
1.166
3,932
6,098
AS at 31 Ilaffh 2023
1,500
8,039
7,539
8 D•btor
20Z4
2023
Trade 0obtDfs
A¢cruog IncomB
Prep8ym8n15
160
9,27S
7fj9
7.000
11.870
671
19.
17

Craft Northern Ireland
Company Limlted by Guarante8
Not•s to the Financial SLthm8nts {cont)
Year Ended 31 March 2024
g Cr•dltOfg: amounts lallln9 du• wlthln one year
2024
2023
Trade Credttors
Other Taxes and Soclal Security Costs
AcoiJ8ls
ACNI Grant to ba Refunded
Rounding
8.239
3,050
1,830
1,000
2,583
3,428
1,830
1,000
10 Anaty•ls of Mowmentl In Fundj
Op•nlng
Bolanc•
Asat31
Exp•ndltur• March 2024
Income
Unr••trlcl•d fund•
Genaral fvnd$- all fund$
Deswn•l•d Fund$
81,578
9,703
71,341
88,143
(92,532)
37,189
9,763
86,952
88,143
192,5321
Rojtrf￿ed lund•
Restrfcted fund8- all fundj
6.408
186,929
(169,530)
3.801
Tol•l
The deslgnated lund retste# to th8 Gulld Bursary rec•iv•d from the fDrnwr Nl Guild of Dgslgnor Craftsmen lo
be us•d for tho 4dvanc•m•nt of the uaft sector In Northem Ireland.
11 Analpis of Mov•m•nts In R•itrf¢t•d FundB
Openlng
8•l*ne•
As•t31
exp•ndllurn March 2024
In¢om•
ACNI Annual Fundlng Programm•
ACNI H&S Equlpment Grant
Art Wotk Funderfuture Nl
500
5.908
146,509
(146,0091
{ 2.10n
(21,420)
3,801
21,420
6N08
186,929
01
18

Craft Northam Ireland
Company Llmlted by Guaranté8
Not8s to the Financial Statements (cont)
Year Endad 31 Mareh 2024
12 Analysis of net a¥s•ts b•lw•en funds
UnrnAtslet•d R•8trict•d
funds
fvnd8
2024
2024
Total
funds
2024
Total
funds
2023
Tangible fixed assets
Current assels
Credltors dmouiils fdling du• 4Mlhin one year
1,298
79,774
(14,119)
3,801
5,099
79.774
(14,.1191
7,539
79.031
(8,821)
86,953
3.801
77.749
19

The following pages do not form
part of the financlal statements
whlch are the subject of the independent
examlnorfs report on pag• 12

Craft Northern Ireland
Company Limited by Guarantee
Notss to the Flnanclal Slatements (cont)
Year Ended 31 March 2024
Analysis of expendlture on charltsble actlvltles:
Total Funds Total Funds
2024
2023
Unrestricted Restrlctsd
Wage8
Pension8
Gallery Suppli66
Rent and Rale8
Insurance
Llghl and Heat
Telephone
Postage and stallonary
Publicity and marketing
Mlscellaneous expenses
Maintenance and securlty
Exhibition costs
Christmas Campaign
Sub5criplions
Maker d8velopment
Legal and professlonal
Travel and 8ubsi$tsnce
Stsff trainlng
Other Prograrnmlng
August Cr8ft Month
Launchpad
Room Hlre
Depreciatson of tangible fixed a888ts
Support cos18
Governan¢e ¢osts
50,423
7,857
2,326
6,609
1.918
43
1.269
756
3,578
117,605
168,028
7,857
2,326
41,168.
1,918
2,043
1.269
756
6,630
157,548
7,104
3,882
38.712
1.732
3.896
1,251
629
4,623
1.005
2,360
3.989
4,258
1,565
3,013
980
4383.27
1,219
345
20,121
200
34.559
2.000
3,054
4,536
998
4,536
1,998
1,000
2,793
1.923
2,203
217
1,334
2,793
3,923
2,203
2,153
1,334
2,000
1.936
2,345
2,345
100
334
1,719
1,599
100
2,441
4.649
1,599
2,107
2,930
881
5,217
2,546
The 2023 total of £271,239 was 8plit £102.569 unr88trfcted and £168,870 r8Stricled.
Analy8ls of gov•rnance and 8UPPOrt CO8t•
Total Fund8 Total Funds
2024
2023
Unro8trf¢t•d Rostrlctad
Bank and c8rd transaction charges
Accountancy fees
1,719
1,599
2,930
4,649
1,599
5,217
2,546
3,318
30
48
The 2023 total of £7,763 was splll £4,833 unrastricted and £2,930 restricted.
20