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← Cushendall Development Group

2025-03-31-accounts

Cushendall Development Group Charity No : 101601

Financial statements for the year ended 31 March 2025

Page 1

Cushendall Development Group

Contents

Trustees, advisors andother information 3
Independent examiner's report 4
Income and expenditure account 5-6
Balance sheet 7.8
Notestotheaccounts 9-11

Page 2

Cushendall Development Group

Trustees, advisors and other information

TRUSTEES

Ann McLaughlin Andrew McAlister Francis McCurry Bernadette Delargy Bemadette Harvey Maeve McAlister Liam O'Hagan Eamon Gillan Donal Kearney Hazel Delargy

SECRETARY

Bernadette Harvey

ACCOUNTANTS Park, McKillop and Company Chartered Accountants 51 Springwell Street Ballymena Co Antrim BT43 6AT

BANKERS

REGISTERED OFFICE

Old School House 25 Mill Street Cushendall BT44 ORR

Page 3

Cushendall Development Group

Independent examiner's report to the charity trustees of Cushendall Development Group

I report on the accounts of the charity for the year ended 31 March 2025, which are set out on pages 5 to 11.

Respective responsibilities of charity trustees and examiner

As the charity's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008.

It is my responsibility to:

Basis of independent examiner's report

I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northem Ireland under section 65(9)(b) of the Charities Act. My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees conceming any such matters.

My role is to state whether any material matters have come to my attention giving me cause to believe:

  1. That accounting records were not kept in accordance with section 63 of the Charities Act

  2. That the accounts do not accord with those accounting records

  3. That the accounts do not comply with the accounting requirements of the Charities Act 4. That there is further information needed for a proper understanding of the accounts to be reached

Independent examiner's statement

I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.

Una McKillop FCA

Chartered Accountants Ireland

51 Springwell Street

Ballymena Co Antrim BT43 6AT

10 September 2025

Page 4

Cushendall Development Group

Income and expenditure account for the year ended 31 March 2025

2025 2024
£ £ £ £
Income
Membership fees 2,074 1,522
Office services 6,069 5,974
Sale ofFocus books 585 793
Hire ofconference room 5,931 3,204
Admin fee for Cushendall Development Group Ltd 20,400 20,400
Donations received 220 400
Bank interest receivable 134 85
Heartofthe Glens Festival administrative income 3,781 4,149
StMary's Parish Administrative Income 500 500
Causeway Coastand Glens grantreceived 4,750 4,999
ClearSmall grantreceived 800 -
DAERA grant receivable 1,127 -
National LotteryCommunityFund grant 5,417 27,167
Totalincome 51,788 69,193

Page §

Cushendall Development Group

Income and expenditure account for the year ended 31 March 2025

==> picture [440 x 387] intentionally omitted <==

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |2025|2024| |£|£|£|£| |Expenditure| |Rent payable|2,145|2,145| |Printing,|postage|and|stationery|2,317|4,747| |Light and|heat|1,445|1,775| |Telephone|1,457|963| |Wages|35,851|32,619| |Staff pension|costs|701|604| |Training and travelling|2,215|276| |Membership|55|50| |Repairs|and|maintenance|3,491|1,144| |Bank charges|97|92| |Insurance|560|545| |Charity donations|766|132| |NACN|Volunteer|strategy|1,925|1,925| |Strategic|plan|6,510|-| |Events|and|courses|‘|3,715|1,480| |NACN|administrative|fees|426|2,498| |Computer|costs|1,950|2,069| |General|expenses|1,040|837| |Depreciation|on|fixtures|and equipment|1,061|732| |Total expenditure|67,727|54,633| |Excess|of Income over|Expenditure/| |(Expenditure over Income)|(15,939)|14,560|

----- End of picture text -----

Page 6

Cushendall Development Group

Balance sheet at 31 March 2025

Notes Notes 2025 2024
£ £ £ £
Fixed assets
Fixtures and fittings 3 13,934 10,611
13,934 10,611
Current assets
Debtors andprepayments 4 - 7,583
Cash atbank 14,950 24,823
Cash in hand 83 3
15,033 32,409
Current liabilities 5
PAYE account 384 301
Othercreditorsandaccruals 2,690 os 12526
3,713 1,827
Excess of current assets over current liabilities 11,320 30,582
Total assets less current liabilities 25,254 41,193
Net assets 25,254 41,193
Retained reserves
Profitand loss account atbeginning ofyear 41,193 26,633
Add excess ofincomeoverexpenditure (15,939) 14,560
‘(Deduct Expenditure overIncome)
Capitalemployed 7 25,254 41,193

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Cushendall Development Group

The foregoing balance sheet was drawn up on behalf of the trustees by Park, McKillop and Company and signed on 10 September 2025 below

Park, McKillop and Company Chartered Accountants

51 Springwell Street Ballymena Co Antrim BT43 6AT

The foregoing balance sheet was approved by the trustees on 10 September 2025 and signed on behalf of the trustees by

Francis McCurry | Andrew McAlister Trustee Trustee

Page 8

Cushendall Development Group

Notes (forming part ofthefinancial statements)

1. Accounting policies

1.1. Accounting convention

The financial statements are prepared under the historical cost convention and comply with financial reporting standards of the Accounting Standards Board.

1.2. Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

1.3. Tangible fixed assets

All tangible fixed assets are stated at cost less accumulated depreciation.

1.4. Depreciation

Depreciation is provided on all tangible fixed assets, other than land and investment properties, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset systematically over its expected useful life, as follows:

Fixtures, fittings

and equipment - 10% reducing balance

The useful economic lives and residual values of tangible fixed assets are reviewed annually and when necessary, revised.

2. Operating (loss)/profit

Operating (loss)/profit 2025 2024
£ £
Operating (loss)/profit is stated aftercharging/(crediting):
Depreciation and amounts written offassets :
Depreciation oftangible fixed assets owned 1,061 732
Totaldepreciationandamortisation 1,061 732

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Cushendall Development Group

Notes

(continued) (forming part ofthe financial statements)

3. Tangible fixed assets
Fixtures Total
and
fittings
£ £
Cost:
At April 2024 16,583
Additions 4,384 4,384
At31 March 2025 20,967 20,967
Depreciation :
At April2024 5,972
Charge fortheyear 1,061 1,061
At31 March 2025 7,033 7,033
Netbook values :
At31 March 2025 13,934 13,934
At31March2024 10,611 10,611

4, Debtors

2025 2024
£ £
Other debtors - 7,583
5. Creditors: amounts falling due 2025 2024
within oneyear £ £
Bankand otherloans (note 6) 639 -
Pension account 384 301
Other creditors 1,080 -
Accruals and deferredincome 1,610 1,526
3,713 1,827

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Cushendall Development Group

Notes

(continued)

(forming part ofthe financial statements)

6. Bank and other loans 2025 2024
£ £
Bankand other loans comprise amounts repayable:
In one year or less, oron demand 639 -
639 -
7. Reconciliation ofmovements in reserves
2025 2024
£ £
(Loss)/profit for theyear (15,939) 14,560
Opening reserves 41,193 26,633
Capitalemployed 25,254 41,193

Page 11