Cushendall Development Group Charity No . 101601 Financial statements for the year ended 31 March 2024 Psge I
Cushendall Development Group Trustees, advisors and oih¢r infonnation Ind¢p¢ndent cxamin¢ds report ' IrAcome and expendilur¢ a¢¢ount Ili.1. Balance sh¢et Not¢$ to the accounts 9-11 Page 2
Cushendall Development Group Trustees, advisors and other information TRUSTEES Ann McLaughlin Andrew McAli$ler Francis Mccurry B¢rnadelte Delargy Bernad¢tte Harvey Maeve McAlister Liam O'Hagan Eamon Gillan Donal Kearney Hazel Imrie SECRETARY Bernadette Harvey ACCOUNTANTS ParL McKillop and Company Chartered A¢counianlS S I Springwcll Slreet Ballyinena Co Anlrim BT43 6AT BANKERS Danske Bank 1-2 Broadway Ballymena Co Antrim BT43 7AA REGISTERED OFFICE Old School Hous¢ 25 Mill Str¢et Cushendall BT44 ORR PAge 3
,ith Cushendall Development Group Independent examiner's report to the charity trustees of Cushendall Development Group I report on th¢ accounts of th¢ charity for the year ended 31 March 2024, which are set out onpages5 to 11. Resprftive responslbllltles of charity tru$¢ett god examlner As the charitls tnleeS you are rcsponsible for the preparation of the accounls in ordanc¢ with the Charits¢s Act (Northem Ireland) 2008. It is my responsibility to: - examine the accounts under sertion 65 of the Charities Act - follow the procedures laid down in the general Dir¢ctions given by thc Commission under sectson 65(9Mb) of the Charities Act - stale whether particular matt¢rs have come to my att¢ntion BA$1$ of indep¢nd¢nt examiner's report I have cxamin¢d your chlty accounts as required under section 65 of the Charities Acl and my ¢xamination was caed out in accordance with the general Directions given by the Charity Commission for Northern Ireland under sectioTh 65(9)(b) of the Charities Act. My ¢xamination included a review of the accounting r¢cords kept by the ¢haTiiy and a comparisoft of the arxounts pr¢sented with those records. Ii also included consideration of any unusual itcms or disclosures in the accounts, and seeking explanations from you a charity trustees concerning any such matlers. My role is to state whether any material malters have come to my attention giving me c&u$e to believe". l. That accountin8 records were not kept in accordance with section 63 of the Charities Act 2. That the accounts do not accord with those accounting record5 3. That the accounts do not comply with the accounting requirem¢nts of the Chatiti¢s Act 4. That th¢re is thrther infomiation needed for a proper understanding of th¢ ac¢ounts to be r¢ach¢d Independent ex*m&ner's slalemeot I have completed my examination and have no concerns in r¢spect of th¢ Duttcrs ( l ) to (4) listed above and, in connection with following the Dire¢tions of the Charity Commission for Northern Ereland, I have found no mattcrs ihat require drawing to your attention. Una McKillop FCA Chartcrcd Accountanrs It¢land 51 Sprin8well Street Ballymena Co Antrim BT43 6AT 31 Au8usI 2024 Page 4
Cushendall Development Group Income and expenditure aecount for the year ended 31 March 2024 2024 2023 Membership fees OETice s¢rvi¢es Sale of Focus books Hire of conferen¢¢ room Admin f¢¢ for Cushendall D¢velopm¢nt Group Ltd Donalion5 reLeiv¢d Bank inlerest re¢¢ivabl¢ Heart of the Glens Festival administraiive income St Matys Parish Administraiive Income Caus¢way Coast and Glens granl receivcd DAEFiA granl rcc¢ivable National Lollery Community Fund grani 1,522 5,974 793 3,204 20,400 400 85 4,149 500 4,999 1,634 4,813 773 2,241 20,400 320 18 3.724 500 8,625 1,286 27,167 Total Income 69,193 44.334 Pa2e S
Cushendall Development Group Income and expenditure account for the year ended 31 March 2024 2024 2023 Expendlture Rent payable Printing, postage and station¢ry Lighl and heat Telephon¢ 1,1 Wages ij, staff pension costs Training and travelling Mcmbership Repairs and maintenan¢¢ Bank charg¢s Insurancc Charity donations NACN Volunteer stratC8y Video promotion COSIS Events and courses NACN administrative fees I Computer costs General expenses D¢precialion on fixwres and equipment Total expendlture 2,l45 4,747 1,77S 963 32,619 604 276 2,145 4,368 997 ¢rtliJY'. 941 30,884 518 1#4¥ 153 70 1,267 92 545 2,100 1,144 92 545 132 1,925 840 450 2.066 1,480 2,498 2,069 837 732 865 676 54,633 48,977 Ex¢ess of IDcome over Expendlturel (Expendlture over Income) 14560 (4,643) Page 6
Cushendall Development Group Balance sheet at 31 March 2024 Noles 2l124 2023 Flxed Assets Fixtures fittings 10,611 7,329 10,611 7,329 Current assets Debtors and pr¢payinents C851i at bank Cash in hand 7,583 24,823 8,415 12.835 32,409 21.253 Current Ilabllltle$ PAYE a¢count Oiher creditors &nd accruiils 301 1,5Z6 221 1,728 1,827 1.949 Exces¥ of currenl •sset$ over eurrenl liabllilA¢$ 30,582 19.304 Total a¥gels less current IIAbllltles 41,193 26,633 Nel As$ets 41.193 26.633 Retalned reserves Profit and loss account at b¢ginning ol year Add ex¢¢ss of income over expenditure l(D¢duci Expcndiiure ov¢r Income) 26,633 14,560 31,276 (4,643) CapltAI employed 41,193 26,633 P*ge 7
Cushendall Development Group The for¢going balanc¢ sheet was drawn up on behalf of the trustees by Park, M¢Killop and Company and signed on 31 Au8USt 2024 below PArK McKillop ADd CompAny Chartered Accountants 51 Sprlngweli Stree¢ BAllymen Co Anlrlm BT43 6AT The foregoins balance sheet was approved by the trustees on 31 August 2024 and Signed on bchalf of the trust¢es by Francls M¢Curry TrMsl¢¢ ADdrew M¢Allst¢r Trmslee Page 8
Cushendall Development Group Notes rforming part of thefinancial statement.w) Accountlng pollcles Accountlng conventlon Thc financial statements are prepared under the historicAI cosl convention and comply with financial reporting standards of the Accounting Standards Board. 1.2. Turnovtr Turnovcr rcpresenls the total invoice value. excluding value added lax, of Sales made during the y¢ar. 1.3. Tanglble fixed 8s5ets All tangiblc fix¢d ass¢ts are stated al cost less a¢cumulaled deprlation. 1.4. Depreclatlon Depreciation is provided on all tangible fixed assets, other than land and investment properties, at ratet4 ¢alculated to wrlte off th¢ cosi or valuation, less estimaied residual value, of Cach asset syslenutically over its expected usefullsfe, as follows: Fixlures. fittiDgs and equtpment 10 Vo reducing balan¢¢ The useful economic lives and residual values of tangible fixed asseis are reviewed annually and when necessary, revised. Op¢ratlng profit/(loss) 2024 2023 Op¢rating profitl{loss) is stal¢d dtler chargIn(crdiling)'. Depreciation and amounts wrltten off *s$ets Depreciation ol tangible fjxed assets owned 732 676 Total depreclatlon And amortisatlOA 732 676 Page 9
Cushendall Development Group Notes (continued) fformingpart of thefinancial stotement5) Tillglble flxed asRt$ FLYlur¢i To¢al fimn8S Cosl .' At l April 2023 Additions 12,569 4.014 12,569 4,014 At 31 MArch 2024 16,583 16.583 Do+Y¢ldlion .' At l April 2023 Char8e for the year At 31 Mr¢h 2024 5240 732 732 5.972 5.972 book values .' At 31 Mrch 2024 10.611 10,611 At 31 March 2023 7,329 7,329 Debtors 2024 2023 Other debtors Prepayinents 7J83 7,129 1,286 7,583 8,415 Credlton: amounts fAlllng due wlthln one ye*r 2024 2023 Pcnsiort account A¢¢rnals and deferred income 301 1,526 221 1.728 1,827 1,949 Page 10
Cushendall Development Group Notes (continued) fformingpart of thefinancial statements) Reconclliaelon of movements In reJ¢rves 2024 2023 ProfiU(loss) for lh¢ year Opeiiing res¢rves Capital employed 14,560 26.633 (4,643) 31,276 41,193 26.633 Page 11