Company registration number: N1066318
Nl charity number: 103472
Cushondun Bulldlng Pre8ervatlon Trust
Company limit•d by guarantee
Unaudlted flnanclal 8tatemont8
31 March 2023

Cushendun Building Preservation Trust
Company limited by guarantae
Contents
Page
Directors and other information
Trustees, annual report {incorporating the directors, report)
Independent examiner's report
Statement of income and retained earnings
Stalement of financial position
9-10
Notes to the financial statements

Cushendun Building Preservation Trust
Company limited by guarantee
Dlrectors and other infomiation
Directors
Jude McNeill
Julie Antonelte Kinsella
Paul O'Hara
Maria McAllister
James Skivington
Frances Swall
Gerard Anthony Swall
Philippa Katharine English
Anthony Kennedy
William Colvin
Seana Frances Mcsparran
Fiona Lynch
Secretary
William Colvin
Company numbor
N1066318
Nl charlty number
103472
Reg18tered offlce
The Old Church Centre
1 Church Lane
Cushendun
Co. Antrim
BT44 OPS
Bu8lne88 addre88
The Old Church Centre
1 Church Lane
Cushendun
Co. Antrim
BT44 OPS
Accountant8
Park McKillop and Company
51 Springwell Street
Ballymena
Co. Antrim
BT43 6AT
Page 2

Cushendun Building Preservatlon Trust
Company limited by guarantee
Trustees, annual roport (incorporatSng the directorfs report
Period ended 31 March 2023
The trustees, who are also the directors for the purpose of company law, present their report and the unaudited
financial stalement5 of the charity for the period ended 31 March 2023.
Reference and administrative details
Ragistored charity name
Cushendun Building Preservation Trust
Charlty registration number
103472
Company registration number N1066318
Principal offic8 and registared The Old Church Centre
office
1 Church Lane
Cushendun
Co. Antrim
BT44 OPS
Business address
The Old Church Centre
1 Church Lane
Cushendun
Co. Antrim
BT44 OPS
Page 3

Cushendun Building Preservation Trust
Company limited by guarantee
TrusteeB' annual report IlncorporatSng the directorfs report)
Period ended 31 March 2023
Trustees and directors
The trustees and directors who served the company during the period were as follows..
Fiona Lynch
Maria McAllister
James Skivington
Frances Swall
Gerard Anthony Swall
Jude McNeill
Julie Antonette Kinsella
Paul O'Hara
Philippa Katharine English
Seana Frances Mcsparran
Anthony Kennedy
William Colvin
(Appointed 12 Februsry 2023)
(Treasurer}
(Director and company Secretary)
Accountants
Park McKillop and Company
51 Springwell Street
Ballymena
Co. Antrim
BT43 6AT
Structuro, govarnanca and management
The organisation is run by a board of DirectorslTrustees who are responsible for the general adminisiration and
governance of the charity. Following a review of the organisalions governance and objectives, conducted by
Blue Moss Consultants in early 2021, CBPT formally adopted an updated Memorandum and Articles of
Association at the 2021 AGM 711112021. The full Board meet monthly to lo oversee general management and
governance issues. Office bearers meel weekly to manage d8y to day issues.
Objectlves and actlvltle8
To preserve for the benefit of the people of Cushendun and ol the Nation, the historic, architectural and
constructional heritage that may exist in and around Cushendun and to raise funds so to do. This objective
includes managing The Old Church Centre for the promotion of heritage, art and for community benefit.
Stafflng
The level of staffing has remained conslant over the year. Sadly Maeve McAlister resigned from her position as
Marketing and Programme Officer in October 2022 but her position was quickly filled by Seana Mcsparran. The
team con51Sts of Steven Byrne (Visilor and Centre Coordinator), Rosemary Farrell (Adminislrator) and Seana
Mcsparran (Marketing and Programme Officer).
Statemont of compllance
In setting out our objectives and carrying out our activities for the year the trustees have given careful
consideration to the Charities Commission for Northern Sreland's guidance on public benefit in order to ensure
that the activities undertaken have helped the Cushendun Building Preservation Trust achieve Its purposes as
set out in the Memorandum and that it has provided a benefit to ils beneficiaries.
Page 4

Cushendun Bullding Preservation Trust
Company limited by guarantee
Trustees, annual report Ilncorporating the diroctor's report)
Period ended 31 March 2023
Aehlovements and performance
The organisation has successfully completed the restoration of the Cushendun Old Church now known as The
Cushendun Old Church Centre. This has been achieved with funding from Heritage Lottery Fund, Causeway
Coast and Glens Borough Council and other funders who have acknowledged satisfactory completion of the
project.
Flnanclal revlew
The activities in the Old Church Centre continue to flourish and be popular amongst the community. We have
weekly groups namely the Cushendun Painting for Pleasure Group, Cushendun Reading Circle and Yoga
classes. We have had a number of high profile events at the centre over the year including Cushendun born
actor Seamus O'Hara who had returned from Los Angeles the previous week with an Oscar for the short film An
Irish Goodbye. Seamus, his colleague James Martin and the producer and director spenl the day in the Centre
and hosted 5 screenings of their film and took part in Q- sessions. The Centre played host to numerous events
for Culture Month in September, the highlights being a chartered boat lour from Ballycastle to Cushendun
learning about the aquatic history of the Sea of Moyle, storytelling workshops and a talk by the local Red Bay
RNLI. Cushendun Big Arts Weekend continues lo grow from strength to strength. While these events generate
footfall and revenue which has the potential to meet the core running costs of Ihe Centre they do require
additional staffing costs.
Cushendun Building Preservation Trust depends on an amazing group of committee members and volunteers
without whom the achievements of the lasl year would not have been possible. Thanks are due to every one of
the team. CBPT also gratefully acknowledges the National Heritage Lottery Fund, Causeway Coast and Glens
Borough Council and all our other funders. The Centre continues to become busier and as the level of activity
increases so do the demands on the management committee, volunteers and management systems that were
put in place early in the life of the Centre. We look forward to the cenlre continuing its role as a thriving venue for
Heritage, Arts and the Community at the heart of life in the Glens.
Small company prov181on8
This report has been prepared in accordance with the provisions applicable to companies entitled to the small
companies exemption.
This report was approved by the board of directors on 2 November 2023 and signed on behalf of the board by..
Anthony Kennedy
Trustee
Page 5

Cu$hendun Building Preservation Trust
Company limited by guarantee
Independent examlner's report to the Charity trustees of Cushendun Building
Preservation Trust
I report on the accounts of the company for the year ended 31 March 2023, which are set
out on pages 7 to 15.
Respective responsibilities of charity trustees and examiner
As the charity's trustees {and also the directors of the company for the purposes of
company law} you are responsible for the preparation of the accounts in accordance with
the Companies Act 2006. The trustees consider that an audit is not required for this year
under section 65(21 of the Charities Act (Northern Ireland) 2008 (the Charities Act) and that
an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law, and is
eligible for independent exam inalion, it is my responsibility to..
examine the accounts under section 65 of the Charities Act
follow the procedures laid down in the general Directions given by the Charity
Commission for Northern Ireland under section 65(9)Ib) of the Charities Act
state whether particular matters have come to my attention
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 Northern Ireland under section 6519)(bl of the Charities Act.
The examination included a review of the accounting records kept by the charily 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 concerning 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 386 of the Companies
Act 2006
2. That the accounts do not accord with those accounting records
3. That the accounts do not comply with the accounting requirements of section 396 of the
Companies Act 2006 and with the methods and principles of the 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
4. That there is further information needed for a proper understanding of the accounts to be
reached
Page 6

Cushendun Building ProseNation Trust
Company limited by guarantee
Indopendant examinerfs 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 thal require drawing to your attention.
Una McKillop FCA
Chartered Accountants Ireland
2 November 2023
Park McKillop and Company
51 Springwell Street
Ballymena
Co. Anlrim
BT43 6AT
Page 7

Cushendun Building Preservation Trust
Company Ilmited by guarantee
Statement of Income and retained earnings
Period ended 31 March 2023
Year
ended
31103123
Year
ended
18103122
Note
Turnov8r
Administrative expenses
95,114
(94,705)
43,058
{42, 560)
Operating proflt
409
498
Profit before taxation
409
498
Tax on profit
Profit for the financial period and total
comprehensive income
409
498
Retained earnlngs at the start of the period
Retained earnings at the end of the period
5,120
4,622
5,529
5,120
All the activities of the company are from continuing operations.
The notes on pages 11 to 16 form part of these financial statoments.
Page 8

Cushendun Building Preservation Trust
Company limited by guarantee
Statem•nt of financial position
31 March 2023
31103123
18103122
Note
Fixed assets
Tangible assets
12,831
9,580
12,831
9,580
Current assets
Debtors
Cash at bank and in hand
4,222
58,408
1,904
7,803
62,630
9,707
Crodltors: amounts falling due
within one year
(69,9321
(14,167)
Net current liabilities
{7,302)
(4,460)
Total assets le88 current liablllties
5,529
5,120
Net assets
5,529
5,120
Capital and reserves
Profit and loss account
5,529
5,120
Members funds
5,529
5,120
For the period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of
the Companies Act 2006 relating to small companies.
Directors responsibilities..
The members have not required the company to obtain an audit of its financial statements for the period in
question in accordance with section 476.,
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect
to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies
subject to the small companies, regime and in accordance with FRS 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland,.
The notes on pages 11 to 16 form part of these financSal statements.
Page 9

Cushendun Buildlng Preservatlon Trust
Company Ilmited by guarantee
Statement of financial position (contlnued)
31 March 2023
These financial statements were approved by the board of directors and 8Uthorised for issue on 2 November
2023, and are signed on behalf of the board by..
Anthony Kennedy
Director
Company registration number.. N1066318
The notes on pages 11 to 16 form part of those financial statements.
Page 10

Cushendun Bulldlng PreseNation Trust
Company limit8d by guarantee
Notes to the financial statements
Period ended 31 March 2023
General Informatlon
The company is a private company limited by guarantee, registered in Northern Ireland. The address of
the registered office is The Old Church Cenlre, 1 Church Lane, Cushendun, Co. Anlrim, BT44 OPS.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland,, the 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 102) (Charities SORP
IFRS 102)) and the Charities Act (Northern Ireland) 2008.
Accounting pollc108
Ba818 of preparation
The financial statemenls have been prepared on the historie81 cost basis, as modified by the revaluation
of certain financial assets and liabilities and investment properties measured at fair value through profit
or loss.
The financial statements are prepared in sterling, which is the functional currency of the entily.
Golng concern
There are no material uncertainties about the charity's ability to continue.
Judgemonts and koy 8ource8 of 08tlmatlon uncertainty
The preparation of the financial statements requires management to make judgements, estimates and
assumptions that affect the amounts reported. These estimates and judgements are continually
reviewed and are based on experience and other factors, including expectations of future events that
are believed to be reasonable under the circumstances.
Fund accountlng
Unrestricted funds are available for use 8t the discretion of the trustees to further any of the charity's
purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future projects or
commitments.
Restricted funds are subjected to restriclions on their expenditure declared by the donor or through the
terms of an appeal, and fall into one of two sub-classes.. restricted income funds or endowment funds.
Page11

Cushendun Building Proservation Trust
Company15mited by guarantee
Notes to the financial statements {contlnued
Period ended 31 March 2023
Turnover
All incoming resources are included in the statement of financial activities when entitlement has passed
to the charity,. it is probable that the economic benefits associated with the transaction will flow to the
charity and the amount can be reliably measured. The following specific policies are applied to
particular categories of income..
income from donations or grants is recognised when there is evidence of entitlement to the gift, r￿elpt
is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donaled goods is measured at fair value of the goods unless this is impractical to
measure reliably, in which case the value is derived from the cost to the donor or the estimated resale
value. Donated facilities and services are recognised in the accounts when received if the value can be
reliably measured. No amounts are included for the contribution of general volunteers.
income from contracts for the supply of seNices is recognised with the delivery of the contracted
service. This is classified as unrestricted funds unless there is a contractual requirement for it to be
spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT
which cannot be fully recovered, and is classified under headings of the statement of financial activites
to which it relates.
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable
trading activites, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking activites that
further its charitable aims for the benefit of the beneficiaries, including those support costs and costs
relaling to the governance of the charity apportioned to charitable activities.
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part
of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable lo a single activity are allocated directly to that activity. Shared costs are apportioned
between the activites they contribute to on a reasonable, justifiable and consistent basis.
Taxatlon
The taxation expense represents the aggregate amount of current and deferred tax recognised in the
reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that
it relates to items recognised in other comprehensive income or directly in capital and reserves. In this
case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the currenl and past periods. Current tax is measured at
Ihe amounts of tax expected to pay or recover tjsing the tax rates and laws that have been enacted or
substanlively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved lax
losses and other deferred tax assets are recognised to the extent that it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is
measured using the tax rates and laws that have been enacted or substantively enacted by the
reporting date that are expected to apply to the reversal of the timing difference.
Page 12

Cushendun Building Preservatlon Trust
Company limited by guarantee
Notes to tho flnancial statements (continued)
Period ended 31 March 2023
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated
depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at Ihe date of revaluation
less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
comprehensive income and accumulated in capital and reserves, except lo the extent it reverses a
revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the
carrying amount of an asset as a result of revaluation is recognised in other comprehensive Income to
the extent of any previously recognised revaluation increase accumulated in capital and reserves in
respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains
accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or
loss.
Depreeiatlon
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value,
over the useful economic life of that asset as follows..
Fittings fixtures and equipment
200
reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or
residual value of tangible assets, the depreciation is revised prospectively lo reflect the new eslimales.
Impairnient
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount
being estimated where such indicators exist. Where the carrying value exceeds the recoverable
amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at
each reporting date.
When it is nol possible to estimate the recoverable amount of an inclividual asset, an estimate is made
of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating
unit is the smallest identifiable group of assets that includes the assel and generates cash inflows thal
are largely independent of the cash inflows from other assets or groups of assets.
Page 13

Cu8hendun Building Preservation Trust
Company Ilmit8d by guarantee
Notes to the flnanclal Btatem8nts Icontlnued)
Period ended 31 March 2023
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not
recognised until there is reasonable assurance that the company will comply with the conditions
attaching to them and the grants will be received.
Government grants are recognised using the accrual model and the performance model.
Under the accrual model, government grants relating lo revenue are recognised on a systematic basis
over the periods in which the company recognises the related costs for which the grant is intended to
compensate. Grants that are receivable as compensation for expenses or losses already incurred or for
the purpose of giving immediate financial support to the entity with no future related costs are
recognised in income in the period in which it becomes receivable.
Grants relating to assets are recognised in income on a systematic basis over the expected useful life
of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income
and not deducted from the carrying amount of the asset.
Under the performance model, where the grant does not impose specified future performance-related
conditions on the recipient, it is recognised in income when the grant proceeds are received or
receivable. Where Ihe grant does impose specified future performance-related conditions on the
recipient, it is recognised in income only when the performance-related conditions have been met.
Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a
Flnanclal Instruments
A financial asset or a financial liability Is recognised only when the company becomes a party to the
contractual provisions of Ihe instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangernent
constitutes a financing transaction, where it is recognised at the present value of the future payments
discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cosl,
Where investments in non-convertible preference shares and non-puttable ordinary shares or
preference shares are publicly Iraded or their fair value can othemise be measured reliably, the
investment is subsequently measured at fair v81ue with changes in fair value recognised in profit or loss.
All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives. are initially recognised at fair value. unless payment
for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a
market rate, in which case the asset is measured at the present value of the future payments
discounted at a market rate of interest for a simi18r debt instrument.
Other financial instruments are subsequently measured 8t fair value, with any changes recognised in
profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of
impairment at the end of each reporting date. If there is objective evidence of impairment, an
impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually
significant, these are assessed individually for impairment, Other fsnancial assets or either assessed
individually or grouped on the basis of similar credit risk characterislics.
Any reversals of impairment are recognised in profit or loss immediately. to the extent that the reversal
does not result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment nol previously been recognised.
Page 14

Cu8hendun Bulldlng Preservation Trust
Company limitod by guarantee
Notes to the financlal statament8 (continued)
Period ended 31 March 2023
Daflnad contrlbutlon plans
Contributions to defined contribution plans are recognised as an expense in the period in which the
related service is provided. Prepaid contributions are recognised as an asset to the extent that the
prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting
dale in which the employees render the related service, the liability is measured on a discounted
present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the
period in which it arises.
Llmltod by guaranta•
The company is limited by guarantee and does not have a share capital. Every member promises that if
the company is dissolved while he or she remains a member, or within twelve months thereafter, to pay
£1 towards the cost of dissolution and the liabilities incurred by the company whilst the contributor was a
member.
Employee numbers
The average number of persons employed by the company during the period amounted to 2 (2022.. 11.
Proflt before taxatlon
Profit before taxation is stated after chargingl(crediting>'.
Year
ended
31103123
Year
ended
18103122
Depreciation of tangible assets
3,207
2,393
Pago 15

Cushendun Building Preservatlon Trust
Company limited by guarantao
Notes to the financlal statements (continued)
Period ended 31 March 2023
Tangible assets
Fixtures,
fittings and
equipment
Total
Cost
At 19 March 2022
Additions
16,258
6,458
16,258
6,458
At 31 March 2023
22,716
22,716
Depreciation
At 19 March 2022
Charge for the year
6,678
3,207
6,678
3,207
At 31 March 2023
9,885
9,885
Carrylng amount
At 31 March 2023
12,831
12,831
At 18 March 2022
9,580
9,580
Debtors
31103123
18103122
other debtors
4,222
1,904
Credltors: amounts falllng due within one year
31103123
18103122
Trade creditors
Social security and other taxes
Other credilors
10,800
1,226
57,906
10,800
654
2,713
69,932
14,167
Paga 16

Cushendun Building Preserrfatlon Trust
Company limited by guarantee
The followlng page8 do not form part of the statutory accounts.

Cushendun Building Preservation Trust
Company limited by guarantee
Detailed income statement
Period endèd 31 March 2023
Year
ended
34103123
Year
ended
18103122
Tumover
Events income
Booksale and fundraising proceeds
Venue hire
CC & G grants received
Heritage Lottery grants received
DAERA Grant
Community Foundation small grants
NACN - Small equipment grants
QUB Film grant received
22,273
11,009
7,537
7,418
37,644
433
8,800
5,573
9,692
4,903
192
22,173
25
500
95,114
43,058
Gross profit
95,114
43,058
Gross profit percentage
100.0%
100.0%
Overheads
Administrative expenses
Wages and salaries
Subcontract labour
Staff pension costs - administrative costs
Training costs
Rent payable
Events expenses
Rates
Insurance
Light and heat
Repairs and maintenance
Printing, postage and stationery
Advertising
Telephone
Computer costs
Consultancy costs
Building restoration project
Bank charges
General expenses
Subscriptions
Depreciation of tangible assets
(32,097)
(2,412)
(359)
(150)
(168)
129,452)
(162)
(1,904)
(2,517)
(10,714>
(1,111)
K(3,951 >
(1,288)
{566)
{12,776)
(120)
(550)
184)
(9,862)
(153)
(1,753)
(1,612)
(3,8301
(1 ,449)
(1,088)
{915)
{653)
(1,398)
(2,022)
(136)
(1,266)
(500)
(2,393)
{195)
(2,3261
(2,126)
(3,207)
(94,705)
(42,560)

Cushendun Bullding Preservation Trust
Company limited by 9uarantee
Detailed income statement Icontinued)
Period ended 31 March 2023
Year
ended
31103123
Year
ended
18103122
Operating profit
409
498
Operatlng profit percentage
0.4%
1.2%
Profit before taxatlon
409
498