Charlty reglstration number NIC100663
Company reglstratlon number N1029924 (Northern Ireland)
RANDALSTOWN ARCHES ASSOCIATION
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

RANDALSTOWN ARCHES ASSOCIATION
LEGALAND ADMINISTRATIVE INFORMATION
Trustees
JB McGookin
P Boyle
E Ingram
W Blair
WAllen
H Boyd
M Hackett
L Hurrell
O Heatley
(Appointed 21 February 2023)
Secretary
E Ingram
Charity number
NIC100663
Company number
N1029924
Registered offlce
3840 Main Street
Randalstown
CoAntrim
BT413AB
Auditor
Corrigan CA Limited
24 Greystone Road
AntFim
N Ireland
BT412QN

RANDALSTOWN ARCHES ASSOCIATION
CONTENTS
Page
Trustee report
statement of Trustee responsibilities
12
Independent auditorfs report
13-14
ststement of finanaal aotivities
15
Balance sheet
16
Notes to the financial statements
17-25

RANDALSTOWN ARCHES ASSOCIATION
TRUSTEE REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees who are also directors of the charity for the purposes of thè Companies Act 2006, present their
report with financial statements of the charity for the year ended 31 December 2023. The financial ststements
comply with the Charities (Accounts & Reports) Regulations {Northem Ireland) 2015, the Charities Act 2008
(substitution of sums) order (Northem Ireland) 2015, the Companies Act 2006, the Memorandum and Articles of
Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable in the
UK and Republic of Ireland (FRS 102) (effective 1 Jan 2015).
CHAIRMAN'S REPORT
This year at ARCHES has been an exceptionally busy and transformative one. We've eXperien￿d numerous
changes. gained valuable lessons, and witnessed significant progression. Desplte the challenges. the year has
been successful, albeit it seemed to pass by swiflly, wtlh last yearfs AGM feeling as if it was just yesterday.
ARCHES Board of Dlrectors
At the November 2022 AGM, six directors were eligible to retire by rotation. and all SLY were re*lected for
another three-year term. Throughout 2023.1 had the privilege of working with a dedicated board:
Peter Boyle (Wice Chair)
Eileen Ingram (Secretary}
Wllliam Allen (Treasurer)
Moore Blair (Assistant Treasurer)
Helen Boyd
Christine Butler
Sheelagh Hlllan
Martin Hackett
Llam Hurrell
Joseph McErlean
Brian McGookln
Jane McTaggart
Additionally, on 21 st November 2022. Oonagh Heatley was co-opted onto the board and has slnce proven to be
a remarkable addition. She was officially ratified at last years AGM.
l extend my sincere gratitude to all directors who have supported and worked alongside me throughout the year.
Your time, advi￿. and contributions are invaluable to ARCHES. and I thank you for your dedication.
This year, we bid farewell to Christine Butler. Joe McErlean, and Jane McTaggart. who have decided to resign
from the board. While we are saddened by their departure, we wish them the very best in their future èndeavours
and thank them for their years of hard work and commitment.

RANDALSTOWN ARCHES ASSOCIATION
TRUSTEE REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2023
ARCHES Staff
The board was ably supported by our dedicated staff throughout 2023..
Hannah Moloney. Operations Manager: Oversees the organization's operatlons, manages staff, handles
business interests, and maintains the day-to-day finances alongside William Allen. Despste ongoing heatth
concems, Hannah continues to work from home. and we wish her a speedy recovery.
Sinead Morren. Senior Administrator: Manages the running of courses, events, and social media.
Congratulations to Sinead on her recent marriagel
Peggy Mulholland, Communty Development Administrator.. Joined in January and has quickly become a
valuable team member. bringing innovative ideas and completing her BSL Level 6 qualification.
Owen Mcclurkin. Finan￿ and Office Assistsnt: Supports Hannah wilh accounts and asslsts Sinead with
administrative tasks.
Ergnat McLaughlln. Caretakerand Property Manager. Ensures the upkeep of allARCHES properties.
Mary Robb, Cleaner. Maintsins the cleanliness and tidiness ofARCHES.
On behalf of the Board, l express ry heartfelt thanks to all our staff. Your passion and commitment to the
community make a significant impact. especAally as we fa￿ challenges in the comin9 winter months.
ARCHES Facllltles
ARCHES House and ARCHES Mews are fully occupied, and our commercial properties are nearly at full
capacity. Following the departure of one tenant in 2022, we are exploring repurposing thi5 unit in Arches Lane.
Our community spaces had an outstanding year, with room bookings reaching an all-time high. Early booking
has become essential to secure a spot! We also continue to support local groups With technical and
administrative assistance.
We are grateful for the funding from the Department for Communities and Antrim and Newtownabbey Borough
Council. which supports the running of our community hub.
ARCHES Events I Seasonal Actlvltles
A huge thank you to everyone involved in organising this year's festival. Special thanks to Peggy. who admirably
managed her first festival week 5010 due to health and personal concems affecting other staff members.
The festival saw a great tumout, with many families enjoying the community spirit. We also held a successful
Health Fair in September, in collaboralion with Impact Network and Randalstown Pharniacies, featuring
informative events and activities.
During the Health Fair, we were delighted to announce a generous £2,500 donation from an anonymous donor,
which we passed on to the Randalstown Autism Support Group, an organisation close to our hearts.
In November, we hosted our first Deaf Club event, which was well-attended and will contlnue rnonthty, providing
a space for BSL students and the Deafcommunity to connect and practice their skills.
The Christmas Lights Switch-on in collaboration with Antrim and Newtownabbey Council, proved to be another
successful community event.

RANDALSTOWN ARCHES ASSOCIATION
TRUSTEE REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2023
ARCHES Courses
Our courses and workshops continue to attract participants from across Northem Ireland, a testament to the
quality of our training and the welcoming environment we provida. Over our 28-year history. we have trained over
11,000 students in more than 40 different subjects.
While enrolment has dipped slightly this auturnn due to rising living costs, we remain committed to offering
valuable training Opportunities and are a￿ayS open to new workshop ideas.
Collaborations
This year. we strengthened our collaborations with several key groups. including Tidy Randalstown, Randal
Community Shed. Town Team, Randalstown Autism Group, JAM Store, and Randalstown Chamber of Trade. We
continue to provide administrative support to several of these organizations.
Publiclty nnformatlon
Our website, managed by Sinead, has undergone significant improvements, streamlining our online presence.
We maintain an adive presence on social media and continue to publish our community newsletter, ARCHES
Outlook, quarterty. Our 103rd issue has just been released, and we encourage everyone to check it out online.
Finance and Funding
ARCHES is fortunate to have strong support from our funders, including the Department for Communities and
Antrim and Newtownabbey Borough Council. who provide funding for core costs. salaries, and events like the
Festival and Christmas Lights. We also appreciate the support from local traders throughout the year.
Our prudent investment In property over the years ensures a stable income. safeguarding our operations should
public funding sources diminish.

RANDALSTOWN ARCHES ASSOCIATION
TRUSTEE REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2023
Plans and Priorities for 2024
Looking ahead to 2024. our priorities Include continuing the activities and addressing the issues outlined in this
report. We've completed a feasibility study for our next major project and will soon begin preparations for our
next strategy review and board succession plannlng. We also have several community projects in the pipeline,
which we hope to see realized soon.
Closlng Comments
I would like to extend my sincere thanks to our Board and staff for their tireless efforts throughout the year. It is
their dedication that drives ARCHES and ensures our continued success.
Finally, it is an honour to serve as Chaimian of ARCHES, an organisation rooted in determination, resilience,
kindness, and compassion. l am proud to represent our staff and comrnunity. past and present. who have shaped
ARCHES into the respected organization it is today. The future holds great promise, and l am excited for the
opportunities ahead.
These accounts were prepared under the supervision of the outgoing Chainnan, Mr RG Graham, but have been
reviewed and signed by the Acting Chairper50n. Mr P Boyle.
¢sfv
Georye Graham. OBE
Chairman,
Randalstown ARCHES Association Ltd

RANDALSTOWN ARCHES ASSOCIATION
TRUSTEE REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2023
OBJECTIVES AND ACTIVITIES OF THE CHARITY
A Summary of the objects of the charlty as set out In Its governlng document
Summary ofth8 ChariVs Objects
As outlined in the goveming document, the objectives of the charity are to benefit the inhabitants of
Randalstown, Co. Antrim, and the Surrounding area by..
Advancing Community Development: Supporting local community groups and charitable organizations
to promote and implement activities for the communty's benefit and improvement.
Relieving Need: Assisling those in need due to youth. age. ill-health, disabilty. financial hardship, or
other disadvantages.
Advancing Education and Training.. Providing opportunities for learning and sktll development.
Providing Social Welfare Facilities.. Offering recreational and leisure facilities to improve the quality of life
for residents.
Advancing Other charitable Purposes: Supporting any other charitable purpose under Northern Ireland
law as decid8d by the trustees.
Charity's Alms and Impact
The charity aims to support those in the Randalstown area most in need. such as the elderly, disabled, and
unemployed, by offering training courses, programs, and health fairs. The charity also seeks to improve living
conditions in Randalstown by providing rental accommodation, assisting with town regeneration, and supporting
initiatives like Tidy Randalstown. A key strategy is acquirtng funding to Sustain staff and premises necessary for
ongoing work.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the
charity should undertake.
Volunteers
During 2023, volunteers contributed 600 hours. offering vital support across activities. including teaching.
organizing events, community initiatives, festival planning, and fundraising efftjrts. Volunteers remain a critical
component ofARCHES' operational success, and their efforts are deepty valued.
PUBLIC BENEFIT
ARCHES aims to enhance the qualty of life for people in Randalstown and surrounding areas through
awessible professional and communty events and training. The charity achieves its objedive5 by offering
opportunities to a broad range of people, presenting diverse courses, and planning and implementing social.
environmental, and educational improvefflents for the entire community.

RANDALSTOWN ARCHES ASSOCIATION
TRUSTEE REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2023
Summary of The Main Achlevements Of The Charlty During The Year
A Loamlng Community
Offered a comprehensive program of education. learning, and training, with approximately 300+
students in 2023.
Provided facilities for CompUter￿aSed training, meetings. and othèr sessions beneficial to the local
community.
Developed relationships with education providers to enhance employment opportunities for
disadvantsged individuals.
An Inclusive Communlty
Pmmoted social inclusion by collaborating with organizations to support disadvantaged groups and facilitating
community events celebrating divetsty.
An Active Community
Promoted health and wellbeing initiatives through social media and partnerships, and supported local groups
with resources and facilities.
An Influential Communlty
Strengthened partnerships with local councils, ststutory bodies, and comtnunity organizations, contributing to
social housing and commercial space availability.
Fundraislng Activities
Fundraising activities during the year included=
Advert sponsorship from local traders in the ARCHES Cross Community Festival booklet.
Fundraising festival events such as Gymkhana, Fiddle & Five Strings Music Night, Duck Ra￿. and
others.
Sponsorship for the annual Schools Colouring Competition for the Christmas Lights Swttch-on event.
Achievements and Perfonnance
Chan'table Objectives
ARCHES had a successful year in advancing its charitable objectives, evidenced by the positive impact of its
activities on the Randalstown community. The charity met its objectives by providing educational programs,
supporting vulnerable individua15. and fostering social inclusion.
staff and Board Development
ARCHES continues to invest in stsff training and development. The Board remains committed to ensuring high
govemance standards. transparency, and accountability.

RANDALSTOWN ARCHES ASSOCIATION
TRUSTEE REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2023
Financlal revlew
OveNi8W
ARCHES remains in a strong financial position, thanks to prudent management and dhiersified income strearns.
The charitys income is derived from rental properties, grant funding, fundraising events, and donations.
Grant income decreased slightty from £88,232 In 2022 to £87,738 in 2023. Rentsl income decreased from
£78,755 to £77.745. There was a significant increase in income from training courses as it increased from
£14,636 in 2022 to £27.883 in 2023. Donations during the year also seen an increase from £1,224 in 2022 to
£6,767 in 2023.
Expenditure in the year increase to £236,214 in the year from £219.212 in 2022.
Overall there was a deficit of £35,857 during the year (£36.361 in 2022). The trustees believe that these results
will improve in future as they have reassessed the fees charged for training courses. They are in the process of
repurposing their only vacant rental unit and are hopeful that this will generate the income that was lost in the
current year as a result of this until being vacant. The trustees are confident that they have sufficient reserves in
place to continue until such times as this additional incomè is generated.
Reserves Pollcy and Golng Concem
The charity maintsins reserves to ensure the continuity of its activities in the event of a funding shorffall. The
current reserve level is in line Wbth the Board's policy, providing adequate coverage for six monlhs of operational
costs.
It is the policy of the charity that unrestricted general funds which have not been designated for a specific use
should be maintained at a level equivalent to be￿een three and six month's expenditure. The ideal level of
reserves would therefore be be￿een £52,152 and £104,304. The tmstees consider that reserves at this level will
ensure that, in the event of a significant drop in fijnding, they will be able to continue the charity's current
activities while consideration is given to ways in which additional fvnds may be raised. At 31 st December 2023
there was the equivalent to more than three months running costs in unrestricted free reserves which is within
the ideal level.
The actual unrestricted general reserves at 31 st December 2023 are £778,775, wilhln these are unrestricted
general funds and unrestricted designated reserves. These unrestricted designated reseNes have been
designated by the Trustees and represent the charity's investment in land and buildings. The balance in
unrestricted general reserie is £59,429.
PRINCIPLE FUNDING SOURCES
The principal funding sources during the year included:
Income from rent from commercial units and residential flats.
- Community Investment Fund and energy grants from the Department for Communities.
- Festival and premise5 funding from Antrim and Newlownabbey Borough Council.
- Project-specific funding from extemal organizations like Impact Network.

RANDALSTOWN ARCHES ASSOCIATION
TRUSTEE REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2023
Inveslment Policy And ObJectlves
In order to gulde the investment strategy the Board of Trustees has adopted the followng objectives:
to protect and maintain a steady annual Income which allows the support of an equlvalent level of activity of the
charity over the long term",
to follow an Investment policy deslgned to provide for a level of income that matches inflation and protects the
real value of capital over thè long tsrn.
- to follow a policy which provides the highest security with the highest achievable total return
Investments Strategy:_ A risk adverse Strategy Is adopted in relation to investments so that an appropriate
amount is held in bank accounts. Social. environrnenlal and ethical considerations have been taken into account.
Moniioring:. The treasurer will monitor the perfomance of the bank accounts and report regularly to the Board of
Truslees.
Rlsk Management
The trustees identify the major risks to which the charity is exposed each financial year when preparing and
updating a strategic plan, in particular those related to the operations and finances of the charity. The trustees
then review any major risks which have been identified and estsblish systems to mitigate those risk5. The charity
is satisfied that the systems are in place to rnitigate their exposure to the major risks which have been so
identified and reviewed.
The Board is not proposing any capital expenditure at present beyond secured funding. Trustees will make effort
during the coming years to secure additional funds for any new developmentwork and ongoing funding forthat
existing work.
Future Plans
ARCHES plans to continue its focus on community development, expanding ts training prograrns. and pursuing
new funding opportunities to enhance its impact on the Randalstown community.
Looking ahead to 2024. our priorities include continuing the acttvities and addressing the issues outlined in this
report. We've completed a feasibility study for our next major project and will soon begin preparations for our
next strategy review and board succession planning. We also have several community projects in the pipeline.
which we hope to see realized soon.
structure, governance and management
Constitution
ARCHES is registered a5 a charity and operates in accordance with its Memorandum and Articles ofAssociation,
eslablished on 7th November 1994. The Board of Directors, chaired by George Graham, meets monthly, with
additional meetings as necessary, to oversee governance and management issues.
The trustees, who are also the dlrectors for the purpose of company law. and who served during the year were:
JB McGookin
P Boyle
S Hillan
E Ingram
W Blair
W Allen
J McErlean
H Boyd
C Butler
(Resigned 23 April 2024)
(Resigned 1 January 2024)
(Resigned 1 January 2024)

RANDALSTOWN ARCHES ASSOCIATION
TRUSTEE REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2023
RG Graham
M Hackett
L Hurrell
J McTaggart
O Heatley
(Resigned 13 September 2024)
(Resigned 1 January 2024)
(Appointed 21 February 2023)
Recmitment andAppointment of Trustses
The charity's trustees are appointed annually at the AGM. New trustees are recruited based on their skills,
experience, and commitment to the charitys mission, ensuring a welkrounded board that reflects the
community's diversity.
Trustee Induction and Trnining
New trustees receive an induction to understsnd the charity's work, their legal obligations, and the govemance
framework. Ongoing training is provided to ensure trustees are equipped to fulfill their roles effectively.
Risk Management
The Board regularly reviews the major risks to which the charity is exposed and implements risk management
strategies to mitigate these risks. This includes financial controls, safeguarding policies. and compliance wilh
regulatory requirements.
Organlsatlonal Structure
The board of trustees meets monthty as a full board. It has established sub groups which discuss the
activities of the charity, in temis of finan￿, premises and staffing. The subgroups make
recommendations to the board of trustees and monitor operational activities. Staff of the charity have
delegated authority to carry out day to day work within policies agreed by the Board. Financial
stsnding orders give necessary authorisation of different amounts.
Prior to being elected, nominees are invited to a Management Committee meeting, as well as visiting
the premise5 to meet trustee5 and members of staff. Should they be appointed, they are provided with
all relevant information from the Charity Commission and Companies House as well as further
information from the Charity itself regarding the content of work for a trustee. Following this,
arrangements are made on a continual basis, to attend any courses which are deemed to be of
advantage to any trustee.

RANDALSTOWN ARCHES ASSOCIATION
TRUSTEE REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2023
Pay Pollcy For Senior Staff
The trustees consider the board of trustees and the senior management team comprisè the key management
personnel of the charity in charge of directing and controlling, running and operating the charity on a day to day
basis. All trustees give their time freely and no trustee received remuneration in their year. Details of related paty
transactions are disclosed in the notes to the accounts.
The pay of senior staff is reviewed annualty and normally increased in compliance with legislation.
Related Partles
Health Fairs involved the local phamiacy. of which one director is a partner. All transactions are at an arms-length
commercial rate. The diredor is also on the Mentsl Health Review Tribunal, a member of Ulster chemists
Association. Sperrin U3A Treasurer and sil on St. MacNissis Parish Council financial committee.
A Director is a on the board ofAntrim Credli Union. the Chamber of Trade and Randal Community Shed.
A Director is on the board of Old Bleach Cycle Club who use our facilities and organise some of Festival events.
A Director is on the board of Randalstown Rugby Club who use our facilities and organise some of Festival
events.
A Director is the honorary President of Mid Antrim Pony Club who use our facilities and organise some of Festival
events.
Two Directors are on the board of Tidy Randalstown and Town Team for whom we provide admin and office
support.
A Director is on the board of Tidy Randalstown and the Chamber of trade. They also have links to hope and a
Future who use our premises for seasonal community events
A Director is a partner of a local event equipment hire business from which goods or servi￿5 made Is hired from
time to time at an arm's length commercial rate.
A Director is an owner of a local Jewellers and Trophy supplier business from which goods are purchased at an
arm's length commercial rate.
A member of staff is related to our plumber. All services are Ca￿led out at an ami's length commercial rate.
A member of staff if related to staff members of the company used to support our IT. All setvices and goods
rendered are carried out and provided at an arm'5 lenglh commercial rale.
No other trustèe or other person related to the charity had any personal Int8rest in any contract or transaction
entered into by the charity during the year.
No trustee incurred any expenses.
WIDER NETWORK
The Charity has no responsibilty for any other organisation and is answerable to Charity Commission Northern
Ireland.
ARCHES work to form and nurture relationshlps with other groups and agencies, which allows partnership
working for the greater good of the cornmunity. We have boardlcommittee representation in Antrim and District
Communities Network, Community Safety Policing Partnership, Public Health Alliance. Tidy Randalstown, Randal
Community Shed, Randalstown ASD Support Group and Randalstown Chamber ofTrade.
In addition, ARCHES liaise with over 80 community groups and organisations in the greater Randalstown area.
many of which we work closely with, particularly in the organisation of the annual Community Festival and
Christmas Lights events. and they benefit from our training programs.
10-

RANDALSTOWN ARCHES ASSOCIATION
TRUSTEE REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2023
Audltor
Corrigan CA Limited were appointed as auditor to the company and a resolution proposing that they be re-
appointed will be put at a General Meeting.
The Trustee report was approved by the Board of Trustees.
WAllen
Dated: 19 September 2024
11

RANDALSTOWN ARCHES ASSOCIATION
STATEMENT OF TRUSTEE RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees. who are also the directors of Randalstown Arches Assoclatlon for the purpose of company law, are
responsible for preparing the Trustee Report and the accounts in accordan￿ with applicable law and United
Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Practlce).
Company Law requires the trustees to prepare accounts for each financial year which give a true and fair view of
the state of affairs of the charity and of the incoming resources and application of rèsources. including the income
and expenditurè. of the charitable company for that year.
In preparing these accounts. the trustees are rèquired to:
- select suitable accountlng policles and then apply them consistently"
- obseNe the methods and principles In the Charities SORP-
make judgements and estimates that are reasonable and prudent-,
state whether applicable UK Accounting Slandards have been followed, subject to any material departurès
disclosed and explained in the accounts. and
- prepare the accounts on the going concern basis unless it is inapproprtate to presume that the charity will continue
in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and enable them to ensure that the accounts comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and deteclion of fraud and other irregularities.
12-

RANDALSTOWN ARCHES ASSOCIATION
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF RANDALSTOWN ARCHES ASSOCIATION
Opinion
We have audlted the financial statements of Randalstown Arches Association (the 'charity) for the year ended 31
December 2023 which comprise the statement of financial activities. the balance sheet and notes to the financial
statements, including signtficant accounting policies. The financial reporting frarnework that has been applied in
their preparation is applicable law and United Kingdom Accounting Stsndards, including Financial Reporting
standard 102 The Finanual Reporting Standany applicable in the UK and Republic of Ireland (United Kingdom
Generally Accepted Accounting Practice).
In our opinion, the financial statements:
give a true and fair view of the state of the charitable company's affairs as at 31 December 2023 and of its
incoming resources and application of resources, for the year then ended,.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice.,
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinlon
We conduded our audit in accordance wtth Intemational Standards on Auditing (UK) {ISAs (UK)) and applicable
law. Our responsibilities under those standards are further described in the Auditorfs ￿SponSibl11t1eS for the audit of
the financial statements section of our report. We are independent of the charity in accordance with the ethical
requirernents that are relevant to our audtt of the financial staternents in the UK, including the FRC'S Ethical
standard. and we have fulfilled our other ethical responsibilities in accordance wilh these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Trustee use of the going concem basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that. individually or collectively, may cast significant doubt on the charity's ability to continue as a going
concem for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concem are described in the
relevant sections of this report.
other Inforniatlon
The other information comprises the Information included in the annual report other than the financial statements
and our auditorfs report thereon. The trustees are responsible for the other information contained within the annual
report. Our opinion on the financial statements does not cover the other information and we do not express any form
of assurance conclusion thereon. Our responsibilty is to read the other information and, in doing so, consider
whelher the other information is materialty inconsistent with the financial statements or our knowledge obtained in
the course of the audit. or otherwise appears to be materially misstated. If we identify such material inconsistencies
or apparent material misstatements, we are required to detemiine whether this gives rise to a material misstatement
in the financial statements themselves. If. based on the work we have performed, we conclude that there is a
material misslatement of this other infomation. we are required to report that fact.
We have nothlng to report in this regard.
Matters on which we are requlred to report by exceptlon
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and
Reports) Regulations (Northern Ireland) 2015 requires us to report to you if. in our opinion:
the information given in the financial statements is inconslstent in any material respect with the Trustee report;
or
sufficient accounting records have not been kept,. or
the financial statements are not in agreement with the accountin9 records; or
we have not received all the information and explanations we requir8 for our audit.
13-

RANDALSTOWN ARCHES ASSOCIATION
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF RANDALSTOWN ARCHES ASSOCIATION
Responslbllltles of trustees
As explained more fully in the statement of Trustee responsibilities, the trustees, who are also the dlrectors of the
Gharity for the purpose of company law. are responsible for the preparation of the financial statements and for being
satisfied that they give a true and fair view, and for such intemal control as the trustees detemiine is necessary to
enable the preparation of financial statements that are free from rnaterial misstatement, whether due to fraud or
error. In preparing the financial statements. the trustees are responsible for assessing the charity's ability to
continue as a going concem. disclosing, as applicable, matters related to going concern and using the going
concem basis of accounting unless the trustees either intend to liquidats the charitable company or to cease
operations. or have no realistic atternative but to do so.
Auditorfs responslbllltles for the audit of the financial statements
We have been appointed as auditor under section 65 of the Charities (Accounts and Reports) Regulations (Northern
Ireland) 2015 and report in accordance with the Act and relevant regulations rnade or having effect thereafter.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error, and to issue an auditorfs report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance
with ISAS (UK) will a￿ayS detect a material misstatsment when it exists. Misstatements can arise from fraud or
error and are considered material rf. individually or in the aggregate, they could reasonably be expected to influence
the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities. including fraud. is detailed below.
A further description of our responsibilities is available on the Financial Reporting Council's website at: https:11
www.frc.org.uklauditorsresponsibilities. This description forms part of our auditorfs report.
This report is made solely to the charity's trustees. as a body, in accordance with Section 65(2) of the Charities
(Accounts and Reports) Regulations (Northem Ireland) 2015. Our audit work has been undertaken so that we might
state to the charsty's trustees those matters we are required to state to them, in an auditors report and for no other
purpose. In our opinion the statement of accounts complies with the requirements ot regulation 8 of Ihe Charities
(Accounts and Reports) Regulations (Northern Ireland) 2015. To the fullest extent pemiitted by law, we do not
accept or assume responsibility to anyone other than the charity and tt's trustees as a body, for our audbt work, for
this report, or for the opinions we have formed.
Mrs Celine Corrlgan (Senior Statutory Audlto
for and on behalf of Corrlgan CA Llmited
19 September 2024
Chartered Accountants
Statutory Audltor
24 Greystone Road
Anlrim
N Ireland
BT412QN
Corrigan CA Limited is eligible for appointment as auditor of the charity by virtue of its eligibllity for appointment as
auditor of a company under section 1212 of the Companies Act 2006.
14-

RANDALSTOWN ARCHES ASSOCIATION
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
Unrestrlcted Restricted
funds
funds
Total
2023
Total
2022
Notes
Income from:
Donations and legacies
Charitable activities
Investments
6.767
105.828
24
87,738
94,505
105,828
24
89.456
93.391
Total income
112,619
87,738
200,357
182.851
enditure on:
Charitable activities
142,577
93,637
236,214
219,212
Net expenditure for the yearl
Net movement In funds
(29,958)
(5,899)
(35.85n
(36,361)
Fund balances at 1 January 2023
808,733
31,118
839,851
876,212
Fund balances at 31 December 2023
778.775
25,219
803,994
839,851
The statement of financial activities includes all gains and losses recognised in the year.
The slatement of financial activities also complies with the requirements for an income and expenditure account
underthe CompaniesAct 2006.
15

RANDALSTOWN ARCHES ASSOCIATION
BALANCE SHEET
AS AT 31 DECEMBER 2023
2023
2022
Notes
Fixed assets
Tangible assets
Current assets
Debtors
Cash at bank and in hand
11
719,346
745,237
12
34,901
62,726
21.658
87,910
97,627
109,568
Creditors: amounts falllng due withln
one year
13
(12.979)
(14,954)
Net current assets
84.648
94,614
Total assets less current liabilitles
803.994
839.851
Income funds
Restricted funds
Unrestrided funds
25,219
778,775
31.118
808,733
803,994
839,851
The directors acknowledge their responsibilities for comptying with the requirements of the Companies Act 2006
with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordanGe with the provisions applicable to companies subjeci
to the small companies regime.
The account5 were approved by the Trustees on 19 September 2024
P Boyle
Trustee
WAlle
Trustee
Company Registratlon No. N1029924
16-

RANDALSTOWN ARCHES ASSOCIATION
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023
Critical accounting estimates and Judgements
In the application of the charity's accounting policies, the trustees are required to make judgements. estimates
and assumptions aboul the carrying amount of assels and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and undertying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Accountlng pollcles
Charlty Infomiatlon
Randalstown Arches Association is a private company limited by guarantee in￿rporated in Northern Ireland.
The registered office is 3840 Main Street, Randalstown, Co Antrim, BT413AB.
2.1 Accounting convention
The accounts have been prepared in accordance with the charity's goveming docurnent. the Companies Act
2006 and °Accounting and 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 (FRS 102). (as amended for accounting periods cornmencing from 1 January 2016).
The charity is a Public Benefrt Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update
Bulletin 1 not to prepare a Statement of Cash Flows.
The financial slatements are prepared in slerling, which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the
revaluation of freehold properties and to include investment properties and certain financial instruments at fair
valuel. The principal accounting policies adopted are set out below.
2.2 Going concern
The financial statements have been prepared on a going concem basis. The trustees have assessed a period
of 12 months from the date of approving the financial ststemenls wilh regard lo the appropriateness of the
going concem assumption in preparing the financial statements. The Trustees note the operating and
cashflow position at sign off of the financial statements and believe that the company will conlinue as a going
concem and be able to realise its assets and discharge its liabilities in the normal course of its operation
2.3 Charltable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
2A Incomlng resources
Incomin
Resources from Charitable Activities
Income is recognised when the charity is legally entitled to it after any performance conditions have been met,
the amounts can be measured reliabw. and it is probable that income will be received.
Donations
Cash donations are recognlsed on recelpt. oth8r donations are recognised once the charity has been notified
of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in
relation to donations received under GiftAid or deeds of covenant is recognised at the time of the donation.
17-

RANDALSTOWN ARCHES ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policles
(Continued)
other Income
Other income is recognised when the charity is legal￿ entbtled to it. when the amounts can be measured
reliably, and it is probable that the income will be received.
Tumover is measured at the fair value of the consideration received or receNable and represents amounts
receivable for good5 and services provided in the normal course of business, net of discounts, VAT and other
sales related tsxes.
2.5 Resources expended
enditure on Charitable Activities
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefft to
third party, it is probable that a Iransfer of economic beneffts will be required in settlement and the amount of
the obligation can be measured reliabty.
The charity is below the charity audii threshold and therefore is exempt from reportlng expenditure on an
activity basis. The charity has opted to report the nature of expenditure rather than on an activity basis.
2.6 Tangible fixed assets
Tangible ftxed assets are initialty measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impaimient losses.
Depreciation 15 recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases:
Land and building5
Plant and machinery
Fixtures, fittings & equipment
20/0 Straighl line
20 % straight line
10% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale
proceeds and the carrying value of the asset. and is recognised in the statement of financial activities.
2.7 Impalrment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to detemiine
whether there is any indication that those assets have suffered an impairment loss. If any such indication
exists. the recoverable amount of the asset is estimated in order to determine the extent of the impairment
loss lif any).
2.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-temi liquid
investments with original maturitie5 of three months or less, and bank overdraft5. Bank overdrafts are shown
within borrowings in Qu￿ent liabilities.
2.9 Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instntments, and Section 12
'other Financial Instruments Issues. of FRS 102 to all of its financial instruments.
Financial inslruments are recognised in the charitys balance sheet when the charity becomes party to the
contractual provisions of the instrument.
Financlal assets and liabilities are offset. with the nel amounts presented in the financtal statements. when
there is a legalty enforceable right to set off the recognised amounts and there is an intention to settle on a
net basis or to realise the asset and settle the liability simultaneously.
18-

RANDALSTOWN ARCHES ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng pollcles
{Contlnued)
Baslc financial assets
Basic financial assets, which include debtors and cash and bank balances. are initially measured at
transaction price including transaction costs and are subsequentty carried at arnortised cost using the
effective interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable withln one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction pri￿ unless
the arrangement constitute5 a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classrfied as payable
within one year are not amorbsed.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or ServI￿S that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classrfied as current liabilities rf payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initialty at
transaction price and subsequentty measured at amortised cost using the effective interest method.
Derecognition of financlal Ilabilities
Financial liabiltties are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
Employee Benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the charity us demonstrably committed
to terminate the employment of an employee or to provide temiination benefits.
Company Status
The company is a company limited by guarantee. In the event of the company being wound up. the liability in
respect of the guarantee is limited to £1 per member of the company.
19-

RANDALSTOWN ARCHES ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Donatlons and legacl8S
Unrestrlcted Restricted
funds
funds
Total
2023
Total
2022
Donations and gifts
Grants Received
6.767
6.767
87.738
1,224
88,232
87,738
6,767
87.738
94,505
89.456
For the Year Ended 31 December 2022
1,224
88,232
89.456
Grants receivable for core actlvltles
Department for Communities
Antrim & Newtownabbey Borough Councll
USEL
Energey Grants
Enkalon
st. Annes Cathedral
46,373
31,985
4.280
2.100
3.000
46.373
31.985
4.280
2.100
3,000
58,333
24,500
4.949
450
87,738
87,738
88.232
Income from investments
Unrestricted Unrestricted
funds
funds
2023
2022
Interest receivable
24
-20-

RANDALSTOWN ARCHES ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Charitable activities
2023
2022
Hire of UnitslHall
Training Courses
other income
77,745
27,883
200
78,755
14,636
105.828
93,391
Anatysis by fund
Unrestricted funds
27,883
77.945
105,828
27,883
77.945
105,828
For the year ended 31 December 2022
Unrestricted funds
14.636
78,755
93,391
Charilable activities
Total
2023
Total
2022
Charitable Activty
Payroll Costs
Support Costs
Depreciation
49.796
89,888
68.929
27.601
50,904
75,894
64,867
27,547
236.214
219,212
Included withln Charltable Activity
Festival Costs
Tutors
22,406
19,236
17,020
19.357
Included withln Support Costs
Repairs & Maintenance
Computer Expenses
6,690
15,274
11.747
13.067
-21

RANDALSTOWN ARCHES ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Trustees
None of the trustees (or any persons connected with them) received any rèmuneration or benefits from the
charity during the year.
Audltofs remuneration
The analysis of auditors remuneration is as follows:
2023
2022
Audit of the annual accounts
2,925
2,730
Employees
Number of employees
The average monthly number employees during the year was 6.
Wages and salaries costs for the year were £89.179 (£75,817-2022).
No employee received remuneration of more than £60,000.
2023
Number
2022
Number
10 Taxation
The charity 15 exempt from taxation on its activities because all its income is applied for charitable purposes.

RANDALSTOWN ARCHES ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
11 Tangible flxed assets
Land and
bulldlngs
Plant and
machlnery
Flxiurns,
ffttlngs &
oqulpmènt
Total
Cost
At 1 January 2023
Additions
1,138,953
45.166
524
111.420 1,295,539
1.186
1,710
At 31 December 2023
1,138,953
45,690
112,606 1,297.249
Depreciation and Impalrnient
At 1 January 2023
Depreciation charged in the year
412,364
22,779
38.280
2.662
101.658
2.160
550,302
27,601
At 31 December 2023
435,143
38.942
103.818
577,903
Carrying amount
At 31 December 2023
703,810
6,748
8,788
719,346
At 31 December 2022
726,589
8.886
9,762
745.237
12 Debtors
2023
2022
Amounts falling due within one year:
Trade debtors
other debtors
9.271
25.630
3.545
18,113
34,901
21.658
13 Creditors: amounts falling due within one year
2023
2022
Notes
Bank overdrafts
other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
14
24
4,567
2,893
3,470
4.000
4,246
1.563
3.170
4,000
12,979
14.954
-23-

RANDALSTOWN ARCHES ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
14 Loans and overdrafts
2023
2022
Bank overdrafts
24
Payable within one year
24
15 Unrestrlcted funds
The unreslricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific Purposes.
At 1 January
2023
Incomlng
resources
Resources
expended
Transfers
At31
December
2023
General funds
808.733
112.619
(142,577)
778.775
Previous year:
At 1 January
2022
Incoming
resources
Resources
expended
Transfers
At31
December
2022
General funds
845.549
94,619
(136.246)
4.811
808,733
16 Analysi5 of net assets between funds
Unrestricted Restrfcted
2023
2023
Total Unreslricted Restrlcted
2023
2022
2022
Total
2022
Fund balances at 31
December 2023 are
represented by..
Tangible assets
Current assetsl(liabilities)
719.346
59.429
719,346
84,648
745,237
63,496
745,237
94,614
25,219
31,118
778,775
25.219
803,994
808,733
31.118
839,851
-24-

RANDALSTOWN ARCHES ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
17 Movement in Funds
Fund
At 01101123
Incoming
Resources
Resources
Expended
Trdnsfers At 31112123
General
Designated
Restrlcted
808,733
31,118
112.619
87.738
142,577
93.637
778,775
25.219
839.851
200,357
236,214
803.994
18 Securltes & Charges
Northem Bank Limited holds a mortgage or charge against 3840 Main Street for securing all monies now
due, or hereafter to become due or from time to time accruing.
Antrim Borough Council holds an agreement and mortgage of £55,000 against 3840 Main Street for securing
all monies now due, or hereafter to become due or from time to time accruing.
The Department for Social Development holds a mortgage or charge debenture of £100.000 against 3840
Main Street for securing all monies now due, or hereafter to become due or from time to time accruing.
Intemational Fund For Ireland holds a charge against 9 John Street for securin9 all monies now due, or
hereafter to become due or from tlme to time accruing.
Big Lottery Fund holds a mortgage or charge of £162,352 against 3840 Main Street for securing all monies
now due. or hereafter to become due or from time to time accruing.
Department for Churchill House holds a mortgage of £100,000 against 3840 Main Street, Randalstown.
19 Relatsd party transactions
Purchases of £336.31 were made during the year from H Mcmanus Hardware, which is owned by one of the
trustees, Liarn Hurrell. Purchases of £987.69 were made during the year from Kearney's which is managed by
one of the trustees, Oonagh Heauey. £12,544.11 was paid to Nlmbus for l.T. services during the year. The
father of one of the charivs employees, Hannah Moloney. is a self-employed l.T. Contractor and occasionally
does work for this company.
-25-