Charity Num￿r.. 100485
Atlantic Challenge Northern Ireland
Report and Financial Statements
for the year ended 31 March 2018

Atlantlc Challenge Northern Ireland
CONTENTS
Page
Trustees, ané Other Information
Trustees, Report
Slalemenl of Trustees. Responsibilities
Independent Examiner's Report
Accounting Policies
Slalement of Financial Activities
Balance Sheet
10
Notes lo the Financial Statements

Atlantic Challenge Northem Ireland
TRUSTEES, AND OTHER INFORMATION
Trusteos
Chartie McAllisl&r
Marian McAllisler
Nigel Morrow
Jane Morrow
Stuart Abraham
K8lhy Patton
Carol Patton
Michael Patton
Michael Duncan
Charlty Numbor in Northern Ireland
100485
PrSnclpal Addr¥s$
Th8 Studios
89 Holywood Road
Bglfasl
Co. Antrim
BT4 3BD
Northern Ireland
Charte￿d Accountants
The Studios
89 Holywood Road
Btslfasl
Co. Antfim
BT4 3BD
Northem Ireland
Bankors
First Trust Bank
Ballymena
BT43 6AF

Atlantic Challenge Northern Ireland
TRUSTEES. REPORT
for the year ended 31 March 2018
The trustees present their Trustèos, R8POrt prepared in accordance wlth Charities SORP1offeclive January 20151
and the unaudited financial statements lor the year ènded 31 March 2018 also prepared in accordance with the
aforemantioned Statement of RècotNrrEgnded Practice.
Prlnclpal Actlvities
The principal activities ol the ¢harity are as follows..
{Al Provide opportunities for young people to learn lo sail and row traditional boats, searnanship. and all ass¢xiated
matters r01alitvJ to the sea.
IBI Engendèr cross comrnunity relallons wlhin the local area.
(Cl Encourag8 the personal dev8lopm8nt of young people through the medium of the $e8.
IDI Supwjrt and encourage young people lo apply for and compete in the biennial Inlemalional AVanli¢ Challenge
Contests of Seamanship, other associated competitions and ev8nts.
Trustees
The trustees who s8rved during the year ar& as fo11ows'.
Charfie McAllister
Marian McAllister
Nigel Morrow
Jane Morrow
Stuart Abraham
Kathy Patton
Carol Patton
Micha81 Patton
Michael Duncan
In accordanGe with the Constltubon, Ihg trustees retire by rotation and, being eligible, offer themselves foT re-election.

Atlantic Challenge Northern Ireland
TRUSTEES, REPORT
for the year ended 31 Maioh 2018
Achl8v•m•nts and Performance
A number of fundraising events (quiz, BBQ) were also held dL4rfng th8 year under review, and significant donatlOll8
from Crew and their supporters continued this year.
The Trustees also contined with prepardtions for hts8ling the biennial International Atlantic Challenge Conlesl of
Seamanship in Anlrim July 2018.
Flnanclal R•vl¥w
The Charity rais8d £15,393 during the year, an Increase on last year1£10.3041. This was du8 lo the start of funds
being received from competing counlries1£7,676 as at 31 March 20181 in respect of ihe charity hosting the bignnial
Intemation Atlanllc Ch8llenge Contest of S6am8n8hip in Antrim July 2018.
The Trustees eonsider these funds to b& unr88tricted, and further Infomialion is provided al Note 2 to the Accounts in
rtrspecl of this matter.
Event costs were down significanlly1£1,378 compared 19 £11.664 last yearl, this was due lo..
IA) International competition ye8r (Denmarkl 2017 and
IBI Investment in oars 2017.
The Trustees remain confident that the Charity can Continue lo successfully work towards meeting its aim8 and
oblactivès.
Structur•, Governance and Managèment
Allantlc Challenge Northem Ireland Is a registered charity with The Charity Commission for Northem Ireland, number
100485.
The principal address of tha Charity is Studio B. 89 Holwood Road, Belfasl, Co. Antrim, Northem Ireland. BT4 3BD.
The ¢h8rity's goveming document is its Constitution, which came into effect on 1st Aprfl 2014.
The charity is managed by its Trustses, who are elected on an annual ba8is. Trustees meet regularfy throughout the
year.
By ord•r of the Board
Charlle McAllist•r
Trustee
Nlgel
Trustee
row

Atlantic Challenge Northern Ireland
STATEMENT OF TRUSTEES, RESPONSIBILITIES
for the year 6nded 31 March 2018
The trustees are responsible lor preparing the financial statemenis In accordance with applicable law and
ragulations.
Charity law requir88 the trustees to prepare financial statements for each financial year. Under tt)at lÈw the trustees
have fylecled to prepare the finanrial statements in accordance with Uniled Kingdom Generally Accepted
Accounting PracliGe (United Kingdom Accounting Standards and applicable lawl. Under charity law the trustees
must not approve the financial slalerrents unless th8y are 88lisfied that they giv8 a trug and fair view ol Ihe state of
affairs of the charity and of the finan¢ial activities ol the charity for that period. In preparing these financial
slatemenls, the trustees are required to follow best practice and..
select suitable accounting policies and 8pply them consistently..
make jtJdgements and esb'mat&s that are reasonable and prudent.,
slate whether applicable accounb'ng standards hav8 been followed, subject lo any material departures dls¢losed
and 6xpl8ined in the financial slalements.,
stsle whether the Ch8rilies SORP leffectlV8 January 20151 has bèen followed..
prepare the financial statements on the going concem basis unless il is inappropriate to pr&sumg that the charity
will continue in operation.
The trustees confim that they have complied with the above requirements in preparing the financial statements.
trustees are responsible for keeping proper accounting records which dis¢1088 with reasonable accuracy at any
lime the financial position of the charity and lo enable them lo ensure that the financial statemfynls comply wlh
applicable law. They are also responsible for safpguarding the assets of the charity and hence for taking reasonable
steps for the prevention and detection of fraud and other irregulgrilies.
On behalf of thg Board
Charlle McAlllst•r
Tru$loe
Nigèl
Trust••
ro
15.1.4.li.QL
Dat¢: ..

Atlantic Challenge Northern Ireland
INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF
TRUSTEES OF ATLANTIC CHALLENGE NORTHERN IRELAND
I have examined the financial statemenls of the Trust for the year ended 31 March 2018, which comprise th8
Statamenl of Financial Activilies, the Balance Sheet, the Accounting Policies and the related notes. These financial
statements have been p￿par0d under the acoounb'ng policios sgt out therein.
This report is made solely to the Charity trustees, as a t>ody, in 8¢cordance with the Charities Act (Norlhern Ireland)
2008. Our work has been undertaken so Ihal we might compile the finanoal statements Ihal we have been engaged
lo complle, report lo the charity's Board of Trustees Ihat we have done so, and slate thosè tnatters that we have
agreed lo stale to them in this report and for no (>lher purpose. To the lullesl extent pomitted by law, we do not
accept or assume responsibility to anyone ott￿r than the charity and the charitys 8oard ol Tru5t99s. as a body, for
our work, or for this report.
Respoctlve responslb115tle8 of trustees and examiner
AS explained mor8 fully in the Slalernent ol Trustees, Responsibilities, the directors, who are also th8 trustees ol the
charity, are responsibl8 for the preparation of the Trustees. report and the financial statements in accordance with
applicable law and Accounting Sl8ndards (UK and Irelandl. The charity trusteés consider an audil is not required lor
this year under the Charities Act (Northern Ireland) 2008 but Ihat an independent exatninalion is required under that
It 18 my responwbility to..
examine the financial statements under the Charities Act INorthern Irelandl 2008 and the Regulations
thereunder.,
follow th& procedures laid down by the regulatory aulhorilies., and
stslts the facts if il has come to my attention in the course of rny examination work that any..
lil matsrial expenditure or action appears not (o be in accordance with the charity's trusts,.
lill information or explanatitsn l am entitled to under the Regulations has not been afforded to me".
liiil Infomialion contained in the financial statements is rnalerially inconsislenl with the Trustees, report for the
year.
Ba$1$ of Indepondènt examlnerfs rtrport
My examination work was undertaken in accordance wlth th8 general difaclions given by the regulatory authoridas.
Such an examination includes a rèview of the a¢¢ounling record$ kept by the charity 8nd a comparison of the
financial statemen15 presented with those re¢ord8. 11 also includes considerats.on of 8ny unusual il¢m8 or disclosures
in the flnanaal statemènts and seeking explanations from yourselves as the charity trustees concerning any such
matters, The procedLtres undertaken do not provide all the evidence ￿at would be required in an audit and
conseouenuy I do not exp￿SS an audit opinion on tho view given by Ihts financial statements.
Indepond•nl examln•r'$ statement
In connection wlh my examination work, no matter has come to my attention..
which giv08 me reasonable cause to believe that in any material respèct the requlrements lo keep Pfoper
acGounling records and to p￿pare accounts which accord with the acctrunting rewrds and are in a¢¢ordance
with the methods and prinoiples set out in the Charib'es SORP have not been met,. or
to which, in rny opinion, attentron should be drawn in order lo enable a proper understandlng of the financial
statèmellts to ￿ reached.
Nieholls and Company J
Chartered Accountants
The Studios
89 Holywood Road
BF>lfasl
Co. Antrim
BT4 3BD
Northem Ir818nd
Date..

Atlantlc Challenge Northern I￿land
ACCOUNTING POLICIES
foi the year ended 31 March 2018
Basls of preparatlon
Thtr financial statèments have been prepar8d under the historical cost convention and in accordanee wilh Part 8 of
the Chariti88 Act INorth8rn Ireland) 2008. They also comply with the Statement of Recornrngnded Practice ISORP
2005, as updat6d in 20081 and with the financial reports'ng standards. The following accountin9 policies have been
applied consistently in dealing with items which are considered material in relation lo the charily's financia5
stalernents.
Incoming Re8ourcg$
Voluntary incorne or capit81 is included in the Slalemenl of Financial Acb"vities whell the charity is legally entitled to it,
its financial valu8 can be quanthSed ￿th reasonable certainty and there is reasonable certainty of its ultimate receipt.
Entrfclemanl lo legacies is considered established when the charity has been notifiod of a distribution to be made by
the executors. Income received in advance ol due performance under a contract is accounted for a5 delerr8d income
until 6arrF8d. Grants for activities are recognised as income when the related conditions for legal entitlement have
been met.
Herltag• Assets
The charity owns 2 boats IgvJ$l, called 'Cwech John Kerf and 'Hamionie'.
Both a￿ based upon th8 design of the historically significant reSt0￿d Bantry Bay boat, which dales back to the late
18th century. The Truslees consider both boats to meet the definition of heritage assets, as defined by the Charities
SORP IFRS1021.
The chartty's heritage assets are not included in the 5t818ment ol assets and liabilitie5 as information on their cost or
valuation is not available, and such information cannot be obtsined al a cost commensurate with the bènéfit lo the
users of Ihts accounts and lo the charity.

Atlantic Challenge Northern Ireland
STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31 March 2018
Unrestrlcled
Funds
2018
Total
Total
2018
2017
Notès
Incoming Rtssources
G¢n•rated funds:
Voluntary Income
Donèts'ons and Fundraising
other Incoming rosources
15,393
15,393
8,304
2,000
Total Incomin9 resources
15,393
15,393
10,304
Ro$ourcos Expended
R?sourco8 Expendèd on Charitable Actlvltoes
Prof88sional fees and subscriptions
Répairs and Maintenancè
Insur8n¢e
Evgnt costs
Clothing and crew expen58S
8ank Charges and interest
771
771
756
3,160
258
6,699
727
64
2,148
1,378
576
108
2.148
1.378
576
108
4,981
4,981
11.664
Total Resources Exp•ndod
4,981
4,981
11,fj64
Gross Ir8nsfers be￿een funds
Net movement In fund$ for tho year
10,412
10,412
{1.360)
Reconclllatlon of fvnd8
Balances brought forward al 1 April 2017
2,517
2.517
3,877
Balane•* carried fopward at 31 March 2018
12,929
12,929
2,517
The note5 on page 11 form part of the financial staiemgnts

Atlantic Challenge Northern Ireland
BALANCE SHEET
as at 31 March 2018
2018
2017
Note8
Current Assets
Cash at bank and in hand
12.929
2,517
Not Curront As8et8
12,929
2,517
Totsl Assets less Currnnt Liabilities
12,929
2,517
Funds
General lund lunreslricledl
12,929
2.517
Totsl funds
12,929
2.517
Charlle McAlll8tèr
Trustee
Nlgel
Trustee
Dale..
Date:
The no¢es on page 11 form part of Ihe nnandal ststsments
10

Atlantic Challenge Northern Ireland
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2018
POST-BALANCE SHEET EVENTS
The￿ have been no significant events affecting thè Charity since the year-end, other than th8 successful
hosting the bienni31 Internation Atldntic Challengg Conlesl ol Seamanship ill AnlTirn July 2018.
The event was extremely w811 received, with countries compeling from across the world, including Russia,
USA and France.
The lo¢al Northern Ireland t68m being crowned Wodd Champions for the first time in it's history.
The avenl, through exlernal funding, generous local sponsorship and support of the loG81 council and
volunteers. made a surplus olc. £4,500.
DESIGNATION OF FUNDS IATLANTIC CHALLENGE CONTEST OF SEAMANSHIPI
As at 31 March 2018, Atlantic Challenge Northern Ireland IACNII had roceived funds tolalling £7,676 fiorn
various affiliated Allantic Challenge organisalions wishing to compete the biènnial In18rn8tional Atlants'c
Challenge Contest of Seamanship, which was hosted by ACNI in Anlrim during July 2018.
The Trustees consider these funds to be Un￿Stricted..
{Al Monies were paid on a non-refundable I deposit basis.
IBI No r9Strictions were in place regarding how the funds could be utilised by the Charity.
HERITAGE ASSETS
As noted within our accounb'ng policies. Allanlic Challenge Northern Ireland owns owns 2 boats Igigsl, called
Cwech John Kerr, and 'Hamonie'.
Both are based upon the design of the historically significant restored Bantry Bay boat, which dat85 back lo
th8 18le 18th century. The Trustees consid¢r both boats to meet the definition of heritage assets, as defined
by the ChBrfjtieg SORP IFRS1021.
The charty's heritage assets a￿ not included in the stalern8nl of assets and liabilities as information on their
co$1 or valuation is not available, and such Information cannot be obtained al a cost commensurate with the
benefit to th& usars of the accounts and lo the charity.
11