Craft Northern Ireland
Company Llmlted by Guarantee
Flnanclal Statements
Y•ar Ended 31 March 2025
Company No: N1642349
Charity No: NIC106410

Craft Norlhern Ireland
Company Limited by Guarantee
Table of Contents
YeaT Ended 31 March 2025
Pag•
Company Information
R8POrt of th8 Trust8es
Indep8nd8nt 8xamln8Vs report
10
Statement of Financlal Actlvities
Balance Sheet
12
Notes to the Financlal Statements
13-19

Craft Northern Ireland
Company Llmlted by Guarantee
Company Information
Trustees
Rory Shearer {Reslgned 08 Aprll 2025)
James Toland (Resigned 24 March 2025)
Patricia Flanagan
Patricia Margaret McNeill
Rachel Fitzpetrick O'Neill
Kim Mawhinney
Chris McHugh
Olivia Stèwart
Wllllam Fitzpatrick (Appointed 13 June 2024)
Address for correspondence
11&119 Roy81 Avenue
Belfast
Northern Ireland
BT1 1FF
Regl8t8rnd Offlc•
115-119 Royal Avenue
Belfast
Northern Ireland
BT11FF
Indepondent Examln•r
AAB Group Accountants Llmited
1-3 Arthur Street
Belf88t
Co. Antrim
BT14GA
Registsrgd Charlty No.
106410
Reglstered Company No.
N1642349
Company Secretary
K Davidson
Bank
Ulster Bank
2-8 Mark8t Stre8t
Downpatrick
County Down
BT30 6BU

Craft Northern Ireland
Report of the Trustees
Year Ended 31 March 2025
The Trustees presents their annual report together with the financial statements of Craft Northern Ireland
for the year ended 31 March 2025.
The Trustees confirm that the Annual report and financial statemenls of the TN5t cornply wllh the
Charities Act (Northern Ireland) 2008. the Companies Act 2006. the Artic185 of A550ciation. and the Accounting
and Reporting by Charitles.. Statement of Recommended Practice applicable to charities preparing their a¢GoL5nts
In accordance wlth th8 Financial Reparting Standards applicable in the UK and Republic of Ireland (effective
1 January 20191.
This report provldes Infonnatlon on Craft Northem Ireland actiwties and flnancial performance and fomis
part of a range of public Information designed to give an open 8ccount of our work.
Objectlves and alms
The chariws purp08es as Set out In the organisations Strategic Plan of the Board are the 8Ghievement of..
Our Vl8lon
A diverse and suslalnabl8 craft $8¢tor that make8 a posltive contrfbutlon to the culture, e¢onomy and wallbelng
of people In Northem Ireland.
OurMi8ilon
To contribute lo an integrated, entrepreneurial and vibrant contemporary Grafts sector In Northem I￿land,
acuvely supported by regional and local stskeholdeTS. that contrlbules increaslngly lo the creatlve, cultural
and economic life of Northem Ireland.
OurValu•s
We will work in a way whSch'.
Is ambitious and Ou￿ard-lOok1ng.
Builds partner8hlp8 and Collabora￿on8.
Flnds opportunilles to promote and advocate Nl Craft.
18 educating, enriching, Insplrlng and Innovallng.
Promote8 quallty.
Is inclusive and r08pgcttul,
Top level oblo¢t1￿$
Mak•ro
We want lo enable makers to find training relevant lo their business and to build beneficial ne￿orkS in Nl and
beyond. We wll also support makers la find professional development 8nd learn about and lest comTnercial
approaches.
We wlll 8UPPOrt makers wlth open 8ccesg Iralnlng and professlonal development programme opportunllles.
We wlll help people stay In touch and nelwork through our Maker forums and newsletters. We wll promote
raft through our Craft Nl Directory of m8k8rs and retailers, our Gallery and our prornotions and marketing
activities.
Audlences & Market8
We will work towards audlence5 #nd buyers bèing a￿e to find more hlgh quality craft across Nl and to see high
qU81ity craft exhibllions easily. We also want to make it easier ft)r people to find Craft workshop8, whether for
recreation or profes8lonal development.
We will create a new markellng strategy and develop our webslte. We will also develop our lurled exhSbltions
pri(￿1￿51ng Nl makers. We will grow August Craft Month and through partnerships increase audlenGes both In Nl
and across the island of Ireland and among visitors. We will build relationships in education, local government
and 8cross relevant 8takeholders wllh an Interest In a flourlshlng craft sector.

Craft Northern Ireland
Report of the Trustees
Year Ended 31 March 2025
Craft Nl
We want makers to See Craft Nl as an inspirational source of infomialion and advlca. To meet thls and
our other obj8ctiveg we will develop our range of income streams and take care lo support our stsff. We will
collaborate wllh a wlder range of partners to deliver value for the craft sector.
We wll njn our advice and slgnposling service and grow the potential of our phy81C81 space as a resource for
makers. We wlll create new plans for gallery marketing, sponsorship and fundralslno, And we wll (levelop and
6UPPOrt our Staff. We will develop relationships with partners across the islands.
ACHIEVEMENT AND PERFORMANCE
Progre88 Agalnsl Objective8
l. Makèr#
1.1 Signpostlng: Durlng the year Craft Nl provlded ongoing support for de8ign8r-makers & Sector Ihrough
5ignposUng and informatlon 5UPPOrt, via responding lo indivldual queries and offgrlng one to ono SUPPOrt to craft
makers and via our Weekly Plan C newsletter- drculallon118t of 900 c¥aft makers.
1.2 Talks and Trainlng
1.3 Plan C: Wegkly Mak8r-focused newsl8tt8r sent by e-mail locuslng on grant Opportun1￿98, training. busin88S
6UPPOrt and maker new8. Th8 malllng Ilst reaGheB over 800 craft makers with a consistent S0%+ open rat6.
1A Thanks to 8UPPOrt from Future Screen5 Nl's Art WO￿ programme. we were ablg to 8mploy a DlgSlal Developme
Officer to offer tralning in the following areas..
Understandlng soGlal m8dla.
Creatlng content for 80clal m8dl8.
Individual one lo one support reaching 43 maker8.
Tralnlng programme In uslng Canva.
Tralnlng uslng Capcul
Using photoshop
Product Photography workshop
1.5. On behalf of Belfast Clty Council and Newry, Mourne & Down Councll we dellvered maker CPD events
under the Go Succeed programrne.
1.6. Other talks Includ8d Antl-copylng In Deslgn IACIDI: talk from lewellery deslgner Shoun Leane in partnership wi
PILOT at Belfost School of Art., undertslangong GPSR wllh ACNI.

Craft Northèrn Iroland
Report of the Trustees
Year Ended 31 March 2025
2. Audiences and Markets
2.1 Acces61ng hlgh quallty local craft
Craft Nl continues to Sell work from over 60 North8m Irish makers through ils Gallery at 115-119 Royal Avenue,
Belfast. Makers in Northem Ireland have the opportunity to apply annually to sell through the Gallery through a
juried open call-out. Frorn tlme lo time, guest makers are Invlted to sell through the Gallery to ensure a new and varie
offer for customer5. Guest makers are approved by Ihe Craft Nl Board Quality Group.
Craft Nl continues to promote craft retsilers who sell Northem Irish craft across Northem Ireland, as well as makers
who sell directly to the public. We produced a monthly mall-out profiling new5 from the sector, events and products
from retailers. We also host a retailer Directory on the Craft Nl websit6 and partner closely with thes& al Chnslmas
tr) ralse their profile on our own soclal channels through sharing video conl8nl and news about them, all wlth a vi8w
to encouraglng the publlc 10 5UPPOrt loGal makers when conslderfng glfting options.
Outreach.- in 20254125 we look opportunities to take craft work from Nl makers oulslde the Gallery to venu8$ wlth
appropriate audiences and partners. We partnered ￿th Garden Show Ireland to bring a Craft Vlllage lo the show v￿tr
programme of demonslratsons from local craft makers as well as makers selling directly lo the public. lo an audience
approx 25,000 visitor8. We also had a pop-up al the Knith'ng & Slilching Show {12,000 visilors)- Through support
from Ihe Saudl Herllage Commlsslon. we were able lo bring work from 13 Nl to Saudl International Herllaga Week In
Rlyadh in November 2024.
2.2 ExhlbltlonA:
We were able to provide a varied exhibition programme in 2024125-
.Makern Who Teach.. Short exhlbltlon October 2023 10 8howcas8 some of th8 talent of those who are teaching In
FEIHE schools and community settlngs as part of thelr craft portfollo car88r.
.Queen Ellzab•th Scholarnhlp Trust Nl •howcas•: showcase ofwork from 17 Trust scho13rshlp Nl awardees:
April & May 2024-
.Glas8 Soclety of lrnlandlCounGII of Irlsh Fashlon De8lgn•r8: The Glass Runway. Exhibition of glass wearables
sho￿ng collaboraUon ba￿en g188s m8kers and f8shion designers from the island of Ireland. Launch of calwalk 8hc
in the MAC.
.Reactlon." August Craft Month Exhlbltlon 2024- Craft Nl annual showcase of Northem Irish work lo mark Augus
Craft Month- exiem81 guestluror from Blueco8ls Gallery and awarding of bursaries for omerging makers;
.Irlsh Woodturners, Guild.. travelllng exhlbition of wood to commemorate the 40 anniversary of the IWG ￿th
membership from a¢ros$ th¢ island of Ir81ond;
.ChTlstfflas Showcaso.. Craft Nl Gallery partidp8nls Invlted lo respond to a theme lo generate special one<Jff ple¢es
Christmas INovlDecl',
2.3 August Craft Month 2024:
In 2024. Craft Nl continues ils partnership for a thlrd year with the Design & Crafts Counryl of Ireland to deliver and
co-promote August Craft Month acr05S the island of Ireland. growing and sharing audiences ft)r craft and craft makep.
In 2024
433 events took place acr055 the island. wllh 176 in Northem I￿land.
An estimated 1.400 makers took part in 2024 aGr05S the island.
An estimated 75,000 p80ple visited the a114sland events in 2024.
In 2023, w8 had over 16,000 vi8ilor8 lo the ACM website.
152 pieces of press coverage for makers acros8 the island.

Craft Northern Ireland
Report of the Trust•es
Year Ended 31 March 2025
2.4 Communlcatlons and Campaigns
We implemented our annual Marketlng Plan covering= direct mail newsletters- social media paid and organic
activity and collaborations., partnerships with other promotional bodies such as Visit Belf8St. To profile the sector
at Christmas 2024, we had a mail drop lo 12,000 homes in 8elf88t to promote craft grfting. a small numbèr of
outdoor ads as well as an intensified social media and dlrect e-mail programrne.
2.5 Webslte and Maker Directory
In 2024125 we conllnue to promote the Craft Nl Maker Directory through social media promollonal spotllgM$ on
Diréctory members and promotsng online. This 15 with 8 vlew lo bulldlng awareness of the Directory as a first
poinl of reference for curators, audien￿S or customer wanting lo engage with craft makers. Recruitment to the
Dirgclory conttnues lo increase ￿th appllcatlons assessed quartedy and currently 141 members.
3. Craft Nl
3.1 HR and itafflng
In 2024125 we had no changes to the 51aff team. James Toland and Rory Shearer resigned from the Board
of Directors. Wllllam Fitzpatrick joined the Board of Trustees and was &lected Treasurer.
FINANCIAL REVIEW
PvlncSp¥l fvndlng ¥ource•
Aslde from the income generated by service provision and comml8sion on sale5 In the charivs retall gallery,
the charivs principal funding source is the Art8 Council of Northern Ireland. In 2024125. Craft Nl are grateful to
through Belfast City Council for funding through Its partnershlp programme and to Future Screens Nl for
funding the Art Work programme.
Income was also g8ner8ted through partnerlng wllh Anlrim & Newtownabb8y Councll on organlslng the Cr8ft
Village al Garden Show Iraland, 88 w611 as through ProjoGI Management provided for August Craft Month In Rol
on behalf of the Design & Cr8ft8 Councll of Irèland. We also partnered with Belfast City Council and Armagh
Newry & Down Coundl to dellver maker CPD under the Go Succeed prograrnme.
Investment policy and objecllves..
Aside from retalnSng a prudent arnounl in reserves each year most of th8 charitls funds are spent In the short
temi so there are no funds for long temi investment.
Re¥•rv•s pollcy
The charity operates a Reserves Pollcy as 8 prudent measure to ensure the contlnued operation of the charfty
In the event of an ImmedS818 flnanclal requlremgnt due lo unforeseen circumstances. Such corcumstances mlght
arfse as a result of. although nol lirniled to, any or a number of the fOll￿ng.
. A source of incomg not belng renewed or reduced. Funds might be needed to glve the trustees tlme to take
actlon if income falls below expeGtstlon$;
. The rlsk of unforeseen emergency or other unexpected need for funds. e.g. an unexpected larye repalr blll or
flnding 'seed-funding' for an urgent project.
. Covering unforeseen day-t￿aY operats'onal Gost5, e.g. employing temporary staff to cover a long-term
sickness absence-

Craft Northem Ireland
Report of the Trustees
Year Ended 31 March 2025
Planned commitments. or designations. that cannth be met by fvture income alone, e.g. a relocation. plans
for a malor asset purchase or a significanl project that requires the charity lo provide 'malched funding,:
The need to fund short-term deficits in a cash budget. e.g. money may need to be spent before a funding
grant is ￿ceiVed.
•The board of directors has reviewed both income and expenditvre for the next year and has set aside an amount
approximating lo 15% of annual expenditure. For the financial year 202312024 this approximates to £35,000.
The Board of directors have examined the charIt￿S requirements for reserves in the Ilght of the main risks to the
to the organlsatlon and are confidenl that the reserves are sufflcient lo ensure the Gonllnued operallon of the
charity now and in the immediate future.
The Board of Directors will ￿serve the rfght at any polnt In tlme to draw down th18 reseNe as mlght be requlred
whllst ensuring by 811 raasonable means the earllest posslble rebuilding of reserves In Ilne ￿￿th this policy.
FUTURE PLANS
The charity plan8 contlnuing the a¢tivi1188 Outlined above in tha forth¢omlng y&ar8 $ubje¢t to 8ati$fa¢lory
funding 8rr8ngements.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Gov•mlfig docum•nt
The tharfty Is controlled by its governlng document, a deed of InJ8t. and conslltutes a Ilmlted company, Ilmlted by
guarantee, as defined by the Companies Act 2006.
The organisalion is a charltabl8 company Ilmited by guarantee, incorporated on 24 November 2016 and reglslered
as 8 charity on 6 Aprll 2017. The company was eslabllshed under a Mernorandum of Assoclallon that eslab118hed
the objects 8nd powers of the cha￿table company and15 govemed under it8 Artlcles of Assoclallon. In the event
of the company ￿Ing wound up members required to contribute an amount not axc8eding £1.
R•crultm•nt •nd •ppolntm•nt of now trust•e•
Trustees may be appolnted by the current Board of Trustees and shall serve for a period of thre• years, which
period can be extendeL1 by a further tsvo tems of three years each by mutual agreement betsveen the B08rd and
tho Trustee. On appoinlmenl as Trustee, th8 person shall become a company member of tha charity.
Afi members of Ihe board of dlreclors glve Ihelr Ilme volunlarlly and recelve no benefits or expenses from the charity.
The charity actively promotes a board of dlrectors that Includes a range of 5kllls. experlence and kno￿adge In
keeping with the pursuance of its Objec15. The traditional business skills ar? well represented on the board of
directors. In an effort to maintain this broad 5klll mix. a board skllls audlt Is carried out regularly. m05t reCen￿Y
in 2021 and In the event of particular skllls belng lost due to retirements, future board recruitment will give priority
to the r8plaGement of these skills.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Org#nlsatlonal structurn
As of 31 March 2024, the charity h8s a board of directors of elght members who meet bi-monthly and are
responsible for the strategic direction and policy of the charity. There is an Audit and Risk Sub-committee and
Nominations and Remunerations Sub-committee. The Board's Quality Committee decides on gallery, retail and
exhibition applications.

Craft Northern Ireland
Report of the Trustees
Year Ended 31 March 2025
Members of the board of direGtors are from a variety of prof888ional backgrounds relevant to the work of the
ch8rlty. A scheme of delegation is in place and d8y-lo-d8y responslbility for the provision of services rests ￿th
the Staff team. The Director is responsible for ensudng that the charfty delivers the seThices specified and that
key performance indicators are mel.
Inductlon and tralnlng of new trustees
The existing Trvslees are already familiar with the praelical work of the charity and are encouraged lo attend any
events organised by the charity. New trustees will be invited and encouraged lo attend a series of short tralnlng
sessions lo f8mi1Sarise themselves with the charity and the context within which St operalas. Thésè will be led
by the Chalr of the board of dir8ctor8 and the Chlef Executive of th• charity and will cover.
- The obllgations of board of dlre¢lor8' membors;
- The maln document5 that set out the operational framework for the charfty including the Memor3ndum
and Articl8s- . Resovrclng and the currenl finandal position a5 set out in the laleBI published accounts. and
Fulure plans and objectives.
Relat•d partl•s
In 80 far as11 is Gompllmentary lo th8 charivs obffiecls. the charlty is guided by both local and national pollcy.
The Art8 Council of Northem Ireland Is the lead development agency for the arts in Northern Ireland. Thelr
overall place the Arts 8t the heart of our soclal. economlc and Greotive Ilfe,. Thelr strateglc plan 'ln8plre,ConnecL
Lead 2019 10 2024, includes:
Cr88ling a confident, vibrant, arts InfrasLnJclure:
- Working with local government to slr8nglh6n Ioc81 arts
- Increase audiences for the art8
Bulld 8u8talnablllty by helping org8n18allons diversify incom8
Our programme of 8ctivllies therefore ffts the Arts Councll of Northem Ireland'5 StrategiG oblecttves an(1 therefore
Ihelr funding crlterla. The Arts Council ol Northem Ireland appolnts an observer who acts a6 Ilalson officer vlth
organisalions in recelpl of financi81 as818lanc8.
11 Is a eondllion of flnanclal 8ssl8t8nc8 that the observer is invited to attend all board meetlngs Includlng any
su&commltte&s.
Rlsk managem•nt
The Board of Directors hgs Gonducted a revlew of the major risks to which the Charfty is exposed and a rfsk
regSsler has been established that 56 revlewed bi-monthly 81 each Board meellng. whe￿ approprfate, systems or
procedures hove been estsbllshed to mitigate the rlsks the tharoty faces.
The organlsation Is gulded In 2024-25 by a one-year business plan, undar the 2022-25 three year Strategic Plan.

Craft Northem Ireland
Report of the Trustees
Year Ended 31 March 2025
statement of Trustses, ResponslbS1itles
The trustees, who are also the directors of Craft Northem Ireland for the purpose of company law, are responsible
for preparing the Trustees, Report and the financial statements in accordance wlh applicable law and Unrted
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel.
Company Law requires the trustees lo prepare financial slalements for each financial year ￿tch glve a true and
fair view of the slate of affairs of the charity and of Ihe incoming resoufces and application of resources, including
the income and trxpanditur8, of Ihe charitable company for that year.
In preparing those financial stal8ment8, the trustees are required lo..
salecl suitable accounllng policies and then apply them consistently;
observe thè mothods and principles in the Charities SORP.,
make ludg8menls and estimates that are reasonable and prudent.,
stale whether applicable UK Accounting Standards have been followed. subject lo any material departures
disdosed and explaingd in the finencial slatemenls., and
prepare the financial slalements on the going concern basis unless It is inappropriata to presume Ihal the
charity whll continue in operation.
The trust8es are responsible for keeping adequate accounting records that disclose wlh reasonable 8¢¢uracy at
any lime the financial position of the charity and enable them to 8nsur8 that the financial statements comply with
the Companies Act 2006. They are also responsible for safeguarding thè assets of the charity and henc6
for tsking reasonable steps fDr the prevention and deleclion of fraud and other Ir￿guI9r1tieS.
Disclosur• of inlormatlon to Independent Examinor
Each of the trustees has confirmed that there is no infomalion of thich they are aware ￿lch is ral8vant lo th&
independent oxamination, bul of ￿lch the independant examiner is unaware. Th¢y hava furthèr confirmed th81
they have taken appropriata steps to idenlity such relevanl informatson and lo establish that the independent
examiner is 8war8 of such Snformalion.
Thè Irusle
$, report was approved by the Board of Trustee$ and signed on ils behalf by..
K Mawhinney
Chairperson
Dated: .........

Craft Northern Ireland
Independent Examinels Report
Year Ended 31 March 2025
I report to the trustees on my examination of the financial staternents ol Craft Ncthem Ireland (the charity) for the year
ended 31 March 2025.
Responslbllltlei and bas18 of report
As the Iruslees of the charity (and 81so ils directors for the purpose5 of company law) you are responsible for the
preparation of the financial 8talements in accordance wth the requirements of the Companies Act 2006 Ilhe 2006 Act).
Having s8tisfi8d myself that the financial statements of the charity are not requlred to be audlted under Part 16 of the
2006 Act and are eligible for ind8pendent examination, I report In re$￿ct of my examination of the charity's financial
statements carried out under section 65 of the Charflles Act (Northern Ireland) 2008 (the 2008 Act) . In carrying out my
examination I have followed all the appllcable dlrèctions given by the Charfty Commlsslon under section 65{91{bl of the
2008 Act.
Independ•nt •xamln•rf$ 4t4t•ment
I have Completed my examinallon. I conflmi that no matters have come lo my attention in connection with the
examlnation givlng me caus8 to believe thgt In any mBterlal respect..
accountlng record5 were not k8Pt In respect of the charlty as required by Sec￿on 386 of the 2006 Act,. or
the financial stslemenls do not accord ￿1h those record8; or
the financial statements do not comply with the accountsng requiremen18 of section 396 of the 2006 Acl
oth8r than any requirement that Ihe accounts give a tru8 and falr vlew whlch Is not a matter consldered as part
of an Indapendenl exarnlnatlon., or
the finandal $18ternenls have not been prepared in accordance with the methods and principles of the
Statement of R8commende(I Pracllce for accounting and r8POrtlng by charllles 8ppllcabl& to charitles
preparing their account6 in accordance with the Financ181 Reportlng Standard applicable in the UK and
Ropubll¢ of Ireland (FRS 102).
Slnce your tharlty's gross income exceeded £250,000 your &xamln$r musl b8 a member of a Ilsted l)ody. l Gan Gonfirm
that l am qu81ified to undert8ke the examinallon b6cau88 l am 8 r8glsler8d member of Chartgred Accountants Ireland,
whlch15 one of the Ilsted bodles.
I have no concems and have come across no other matters in connedon wth the examination lo which attention
Should be drawn in Ihis ￿pOrt in order to enable a proper understanding of the financial stalements lo be reached.
Mlchaol Farrèll
For, and on behalf of,
AAB Group Accountants Llmlted
1-3 Arthur Street
Belfast
Co. Anthm
BT14GA
Dated.. .1.Ql.1212.Q.25..
10

Craft Northem Ireland
Company Limited by Guarantee
Statemont of Financial Activities
(incorporating an income and expendliure account)
Year Ended 31 March 2025
Total Funds Total Funds
2025
2024
UTrrestrlcted
Restricted
Notss
Incomo and frndowments from..
DonationÈ and leg#cla$
18.171
182,442
200,613
186,776
Other tradlng acllviues
69.636
69.638
68,296
Totsl In¢om• and •nd•wm¢nts
87.807
182,442
270,249 255,072
Expondltur• on:
Charflable ACtI￿tI68
1100,9271
1184,2851
(285,212) 1262.088)
Tolal Exp•ndltuv•
(100,927)
1184.285)
(285,212) 1262,0681
Nel Incom• for Ihe ￿ar boforn trnnsfern
1,843
Transfers be￿en funds
Net movement In fund•
113,120)
11,843)
(14.963) (6,9961
R•conclllatlon of lunds:
Total fund8 brought forward
66,952
3.801
70,753
77,749
Totsl Funds C•rrf•d Forw¥rd
10
53.832
1.958
55,790
70,753
All income derives from Gontlnulng aC￿VIlla8, therefore no statement of recognised gains or losses 18 given.
The nolgs on pages 13 10 19 fcffii part of th988 financlal statements.

Craft Northem Ireland
Company Limlted by Guarantee
Balance Sheet
as at 31 March 2025
Note
2024
2024
Fix•d Assets
Tangible assets
2,657
5,098
Currènt Assets
Debtors
Ca8h at bank and in hand
10,165
47,215
57,380
10.194
69,580
79,774
Cr•dltors: amounts f•lling due one yèar
4,248
14.119
NET CURRENT ASSETS
53,133
65.655
NET ASSETS
70.753
R8pres8nted by..
Unrnstricted Fund•'.
G?neral
Designated
10
44,089
9,763
57,189
9.763
Restricted Fund8
10
1,958
3,801
70,753
The company is entitled to the exemption from the audit r8quirem6nt contained in section 477 of the
Compani8s Act 2006, for the year endad 31 March 2025.
Tho directors ackn￿@d90 Iholr responsibililies for ensuring that the charity keeps accounting records ￿lch
comply wlh section 386 of the Act and for preparing financial statements ￿leh give a tNe and fair view of the
slate of affairs of the company 85 at the end of the financi81 year and of hs incoming resources 8nd application of
resources, including ils income and 6xp8ndilure, for the finAncial year in accordance with the requirements of
sections 394 and 395 and ￿lch otherwse comply wih the r¢quir6menls of th'e Companles Act 20Cfj relaling lo
financial Statements, 80 far as applicabSe lo Ihe company.
Thè membets hav8 not required tha company to obtain an audit of its financial statements for thè year In question
in accordance with section 476.
These financial statgments h8ve been prepared in accordance viilh the provisions 8pplicable lo companies
subject to the small companies regime.
The fina
ial statements were approved by the Trustees on .
Kim Mathinn8y (Ch8irl
Trustee
Company Regi5tAtion Number N1642349
The notes on page$ 13 - 19 fom part of these financial statements.
12

Craft Northern Ireland
Company Llmlted by Guarantee
Notes to the Financial Statements
as at 31 March 2025
1 ACCOUNTING POLICIES
The prtndpal accounting policies adopted. judgements and key sources of esllmatlon uncertalnty In the
preparatlon of the flnancial slalemenls are as follows-
al Basis of preparation
The financial statemènts have been prepared In accordance wllh Accounllng 8nd Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive
1 January 2019)- Icharities SORP IFRS 10211, the Flnancial Reportlng Standard appllcable In the UK and
Republic of Ireland IFRS 102).
Craft Northem Ireland meets the definition of a public benefit entity under FRS 102.
The Charity is not rèqulred lo provid& a sl8t8m8nl of c£shflows as they meet the definitlon of small entity
In accordanca wllh paragr8ph 7.1 b of FRS 102
b) Preparallon of the accounts on a going concom b8sl$
At the time of approvlng the flnanclal stalemen15, the Injstees have a reasonabl8 expectsllon that thè charfty
has adequa18 resources lo contlnue In operatlonal exOstenc8 for the foreseeable fvture. Thus the trustees
onlinue to adopt the golng concem basis of accounting in preparing th8 financial statements.
cl Fund Accounts'no
General fund8 are unrestricted funds which are available for use at the discT81ion of the Trustee5 In
furtherance of the general objective8 of the Charity and which have not been designated for other purposes.
General funds may be transferred lo designated funds where Trustees wsh to U88 these funds for
spedfic purpose. Such funds may be Iran8feff8d back lo general funds onc8 the criteria for the designation
have been met or ore no longer appllcable.
Restricted funds are fund8 which are lo be used in accordance with speclflc re8trfcUon8 Imposed by
donors or which have been raised by the Charity for particular purposes. The cost of rai8ing and
admlnlst8rfng such funds are charged agalnsl the speclflc fund. The alm and use of reslrfcted funds is
set out In thé not88 to th8 financial slotements. Restricted funds may only be transferred to general or
designated funds one8 the criteria for restriction have been discharged or no longer apply.
d) Income Recognltlon Polleies
Items of income ar8 r8cogni88d and included in the accounts when all of the following ¢rlterlo are mat:
The charity has enlltlèment lo the funds.,
any p8rformano8 condliions attached lo th8 i18m of income has been m81 or gre fvlly wllhln the wntroi
of the charity.,
there is sufflcient certalnty that recelpt of the Income 58 consldered probable,. and
the amount can be measurad rellably.
el Donated serviGes and fBcllilles
In accordance wlth the Charltle8 SORP {FRS 1021, the general volunteer lime of supporters Is not
recognlsed.
fj Interest Receivable
Intergst on funds held on deposit is inciuded when receivable and Ihe amount can be measured reliably
by the charity., this 18 normally upon notSficallon of the Intere51 pald or payable by the Bank
13

Craft Northern Ireland
Company Limited by Guarantee
Notes to the Flnanclal Statements
Year Ended 31 March 2025
1 ACCOUNTING POLICIES {contlnued)
n) Taxation
The company is a registe￿d charity and the charitable tax exemptions are therefor8 being claimed to
the extent that income andlor gains are applicable and applied lo charitable purposes only. These
exemptlons will remain In place as long as income and expenditure is applied to charftable purposes only.
ol Financlal instruments
The Charity has elected lo apply the provlslons of Section 11 'Baslc Financial Instruments, and Section 12
Other Financlal Instruments Issues, of FRS 102 10 all of its financial inslrumenls. Financial instrumènts are
recognised in the Charfty's balance sheet when the Charity becomes party to the contractual provisions
of the instnjment.
Finanaal assets and118bllit18s are off881, the net amounts are presented In the financial slalements,
when there is a legally enforceable rlghl to 5É1 off the recognised amounts and there is an intention lo
setue on 8 net basis of to reallse the a8set and settle the Ilablllty slmultaneously.
Basic financlal 88$ets
BasSc flnanclal assèts aro initially measured al IransactSon pric8 In¢ludlng transactlon ￿$t$ and are
subsequently oarried al 8mortised cost using tha effeGtive Interest method unless the arrang8m8nt
conslilules a flnancing transaction, where the IrènsaGllon Is measured 81 the present value of the future
ceipts dlscounled at a market rate of in16r661. Fln8ncOal assets classified as recoivabl8 wllhin one
year are not amortlsed.
Basic financlal li8bilili8s
Basic financlal Ilabili118s are Inlllally recognised at transacllon prfce unless the arrangement conslltule8
a financing transaction, where the debt instruments is measured al the present value of the future
payments dlscounled al a market rale of intar8St. Financial li8bllllies classified a8 Payable within one
year are not amortised.
Debt instruments ar8 subsequently carried at amortised cost, uslng the effectlve Interest rale method.
Trade credStors are obligations Its pay for goods or senAce8 that have been 8cqulred In the ordlnary course
of operatlons from suppllers. Amounis payable are classlfled as current Ilablllties If p8ym8nt Is duts
within one year or less. If not, they are presented as non current liabilitles. Trade ¢r¢ditors ar¢ re¢ognlsed
inltl8lly at transaction prlce and subsequently measured al amortised Gost using the effectlve Snleresl
method.
Derecognits'on of fin8nci81 liabilities
Financial liabllilies are derecognlsed when the Charfvs contractual obligations expir8 or are discharged
or cancelled.
p) Critical accounllng èstimates and judgements
In the 8pplicalion of the Charity's accounting pollcies. the Tnjstees are requlred lo make judgements,
estlmales and assumptions about the car￿.n9 amount of assets and liabilities that are not readily
apparent frorn other sources. The estimates and associated assumptions are based on historical
experience and other factor5 that are considered lo ba relevant. Actual results may dlffer from these
estimates.
The estlmates and underlying assumptlons are revlewed on an ongolng basls. Revlslons to accountlng
estimates are r8cognised in the period in which the estimate Is revised where the revisian affects only
that period, or in the period of the revision and future periods where the revision affects both current
and future periods.
15

Craft Northem Ireland
Company Llmltod by Guarantee
Notes to the Financial Statements
Year Ended 31 March 2025
1 ACCOUNTING POLICIES {contlnuedl
g) Expenditure and Irrecoverable VAT
Expenditure 18 reeognised once there is a leg81 or constructive obligation to make a payment lo a third
party, it is probable that settlement will be required and the amount of the obllgation can be measured
rellably. Expenditure Is c188sified under th6 follo￿ng actlvlty headlngs..
• Expenditure on charitsble activities Indudes the Gosts of supporting refugee families and activities
undertaken lo further the purposes of the charity and thelr associated support costB
• Olhgr expenditure represents those items not falling into any other heading
Irrgcoverable VAT is charged as 8 Cost ag8lnst the activlty for whlch the expendllure was incurred.
h) Allocation of support Cas18
Support Gosts are those ￿nctIonS that assist the work of the chartty but do not directly undertake
charitsble activities. Support cost5 include back office costs, financg. personnel, payroll and governance
cos15 which suppert the charity'¥ programmes and activits'es. These costs have been alloc8t8d belwean
cost of raising lunds and expendStu￿ on charitable activities.
il C8sh al bank and in hond
Cash at bank and Gash in hand includes cash and short term highly liquld investments with a short
rnaturlty of three months or less from the date of 8cqulslllon or openlng thé deposll or 8imilar account
Il Tanglble Fixed A58els
Indlvldual fixed assets ar8 C8pilali88d at cost and are depreclaled ovar thelr estlmaled useful economlG
Ilves on 8 8tr8iqht Ilne basis as follows..
Asset Category.
Annual Rat•
Fixiures, fittings and equlpment
Computar Equipment
10% Straight LSne
33D/• Slralght Llne
The carylng values of18nglble fixed assets are reviewed for impalrment when events or clrcumstance8
indlcate the carrylng value may not b8 recDv8rable.
k) Debtors
Trada and other debtors are recognlsed 81 the selllemenl amount due after any trade dlscounl offered.
Prepayments are valued 81 the amount prepaid after taking account of any Irdd8 diseounl dua.
l) Credltor8 and Provlslons
Creditors and pro)risions are recognised where the charfty has a present obllgatlon resultlng from a p8st
event that wll probably result in the transfer of funds to a third party and th8 arnount due to s8llle the
obllgalion can be measured or eslimaled reliably. Creditors and pro￿610n8 are normally recognlsed at
their S9￿eMent arnount aft8r allowing for any trade discounts due.
ml Pensions
The company operates a defined conlributlon p8nslon scheme. Contrfbulons are charged In the
statement of financial aGlivi1185 as they become payable In accordance wlh the rules of the Scheme.
14

Craft Northern Ireland
Company Llmited by Guarantee
Notes to the Financlal Statements
Year Ended 31 March 2025
2 Income from donation5 and legacles
Total Funds Total Fund8
2025
2024
Unrnstrlcted Restrlcted
ACNI Annual Fundlng Programme
Belfast City Council
Art Work- Funder Future Scr88n Ni
Gard8n Show Ireland
August Craft Month
2,177
4,890
143,404
18,000
21,038
145,581
22,890
21,038
1.666
9,439
145,509
18,000
21,420
1,847
1,666
9,439
18,171
182,442
200.613
186,776
The 2024 total of £186,776 wa8 splbt £19,847 unrestrlcted and £166,929 re8trfGtsd.
3 Incom• from Tradlng Actlvltl••
Total Funds Totsl Funds
2025
2024
Unr••trlct•d Ro•trfcted
Gallery Sales
Other Income
89,636
69,636
62,736
5,560
69,636
89,836
68,296
The 2024 total of £68.296 was all unrestricted,
4 Re¥ult¥ lor th• year
The results for the year h8B been arrfved al aftsr charging the follow(ng:
2025
2024
Depre¢lallon
2,441
2.441
5 Ewndltur• on charltable acllvlty
Total Fund• Tol81 Fund5
2025
2024
Unrestrlctod R•¥trlcted
Dlrect cha￿table
Support Costs
GovernBnce Costs
97.445
2,933
550
181,355
278,799
2,933
3.480
255,820
4,649
1.599
2,930
100,927
184,285
28S,212
262,068

Craft Northern Ireland
Company Limited by Guarantee
Not89 to th• Flnanclal Statements {cont)
Year Ended 31 March 2025
6 Analysis of Staff costs:
2025
2024
Salarros and Wages
Social security eosls
Other Pension Costs
156,476
13,637
8,198
178 311
159,282
13,182
7,857
180 321
The average monthly number of employees was 812024: 81 and the average monthly number of
employees durlng the year expressed as full tlme equtvalents was as follows Iln¢ludlng casual and
part lime slafQ'.
2025
Numb•r
2024
Number
Ch8rftable acts'vities
No employee has emoluments in excess of£60,00012024'. 01.
Th8 charity Trusle8S Were not Paid nor did they rec8ive any olh8r benefits from employment wth the
charity in th8 year12024.. £nill neither were they reimbursed expenses during the year12024.. £nill.
No ch8rily Trustee received payment for prof88slonal or other 8erylces supplled lo the charfty {2024:
£nll)-
7 Tanglble Flxed A¥sgt¥
Flxturos,
f4tt5ng8 and Computer
•qulpment
oqulpment
Total
Cost..
As at 1 Apdl 2024
Additions
AB al 31 March 2025
3,337
8,520
9,857
Depreciotion..
As al l April 2024
Charge for the year
AS 8131 March 2025
2,171
334
2,505
2.588
2,107
4.695
4,759
7,200
N81 Book Value
AS at 31 March 2025
832
As at 31 March 2024
1,166
3,932
5,og8
8 D•btorn
2025
2024
Trade Debtors
Accrued Income
Prepayments
2,160
7,170
835
10,165
160
9,275
759
17

Craft Northern Ireland
Company Llmlted by Guarantee
Notes to the Flnanclal Slatsments {cont)
Year Ended 31 March 2025
9 Cr•dltors: amounts falllng duo wlthln one year
2025
2024
Trade Creditors
I￿eT Taxes and Soclal Securfty Costs
Accru81s
Other c￿dItorS
1.357
8,239
3.050
1,830
1.000
4,119
1,890
1,000
4248
10 Analysls of Movem•nts In Funds
Op•nlng
Balanc•
at31
Mareh 2025
Incom•
Expondltur•
Unrestrlct•d fund•
Genero1 funds- 811 fund8
De8ign8t8d Fund8
S7,189
9.763
86,952
87,807
1100.9271
44,069
9,783
$3,832
87,807
1100,9271
R•strlct•d fund•
Restrlct•d fund8- 811 lund8
3.801
182,442
184.285
1.958
Tot•1
70,753
270,249
128S,2121
$5,790
Thg deslgnaled fund relats8 tc the Gulld Bursary recelved Irom the former Nl Guild of Designer Craftsmen to
be used fcf the 8dv8ncement of the craft sector In Northem Ireland.
11 Analys1* of M¢)v•m•nts In R￿trIcted Fund•
Openlng
8alanc•
A•at31
PAar¢h 2020
Incom•
exp•ndltur•
ACNI Annual Fundlng Pragrarnme
ACNI H&S Equlpm8nl Gronl
Art Work Fund8r futur? Nl
8elfasl City Council Partnershlp Programme
143,404
1143,140)
12,1071
121,0381
18,000
184,285
264
1,694
3,801
21,038
18,000
182.442
3,801
1,958
18

Craft Northern Ireland
Company Llmlted by Guarantee
Notes to the Flnanclal Statements {cont)
Y8ar Ended 31 March 2025
12 Analy•l8 ol net b•tw••n funds
Unrestrlctad R•strfct•d
funds
fund•
2025
2025
Tot41
fund•
2025
Tol81
funds
2024
Tangible fixed assets
Current 8ssels
Creditor3 amounts falllng due ￿thIn one year
963
57,116
(4,2481
1,694
264
2.657
57,380
14,248)
5.099
79.774
(14,1191
53,832
1,958
55,790
70,754
13 Rdatsd party tr•n•actlon#
There wwo no related party transactlons durSThJ Ihe year {2024 £NIII.
19

The following pages do not form
part of the financial statements
whlch are the subject of th8 independent
examinerfs report on page 12

Craft Northern Ireland
Company Llmlted by Guarantee
Notes to the Financial Statements (cont)
Year Ended 31 March 2025
Anatysls of expenditure on Gh•ritabl• actlvltles:
Total Funds Total Funds
2025
2024
Unrestrlcted Rèstrict•d
Wages
Penslon8
Gallery Supplies
Rent an(1 Rate8
Insurance
Llght and Heal
Telephone
PosLige and slalionery
Publlcity and marf(etSng
Maintenance and 5gcurlty
Exhibition costs
Subscrlptions
Maker development
Legal and prof858ional
Travel and subslstence
Staff Iralnlng
August Craft Month
Catering & Hospitality
Room Hlre
Depreciation of tanglbl8 tlxed assets
Support costs
Govemance cos18
55,550
8.198
1.865
13,543
2,168
2.074
1.374
1.133
506
3,954
117,223
172,773
8,198
1.865
42,342
2.168
4,074
1,374
1,133
13.769
4.690
2.017
1,675
2,952
1.835
1,022
1,027
12,258
1.187
168,028
7,857
2,326
41,168
1,918
2,043
1,269
756
6,630
4,536
1,998
2,793
3,923
2,203
2152.53
1,334
2,345
28,799
2,000
13,263
736
2,017
1,675
2,952
1.835
1.022
1.027
12,258
1,187
100
2,441
4,649
1.599
262,069
334
2,933
550
100.927
2,107
2.441
2.933
3.480
285,212
2.930
184,285
Thé 2024 total of £262,D69 w88 8pIIt £92,S33 unrestricted and £189,536 restricted.
Analys1¥ of governanc• and #upport costs
Total Fund• Total Fund$
2025
2024
Unr•strlcted Restrfcted
Bank and card trans8cUon chsrges
Accountancy fe88
2,933
550
2.933
3,480
4,649
1.599
2,930
,930
6,413
6,248
The 2024 total of £6,248 w8s split £3,318 unre$lri¢led and £2,930 restricted.
20