Comwny Y•gFBtratlon numb•r. NIO86318 141 chirKy nurnbv: 103472 Cu•h•ndun Bulldlng Pro••rv•fjon TN•t ComnY lknlt•d by 9uarants• Unaud1 Ilnanol•l ¥lat•mwrt8 31 IAw¢h 2024
Cu•h•ndun Bulldlng Pr•wNatlon Tru•t coMnY lknft•d by I1•At•* Contents P•g• lJrKtr)rn othar Inforrrotion Trust, annu81 T•POrt (Incorporn9 the kn, ffjport) lThJ•pnd•nt gyAmlnoY$ roport Stat•ment of Incom• •nd r•tain•d •aming• St•t•m•nt of17n#ndal po10n •.10 N+)tO• to lh• Ilnandd •tal•mts 11-10
Cu•h•ndun Bulkllnq Pr•••rvallon TnAt Cmpany Hrntt•d by glInt•& Dlr• Jude McNeMI Juli• Anton•tt• Kln8•r Paul O'Hara M8ria MG411istsr Jome6 Sklvlngton Franc•8 Swall Gèrard Anthony Swall Phlllppa Katharlne Englhh ony KenrTedy Clalre Md(8•ga Shldey Maria MGAukny willrn Cofvln S¥8na Francw MoSp•rrnn Flon8 Lynch Carollno AM• Qulnn Clor• Al¢Kay R•*n•d 23 Nov•mb•r 2028 R88¥nod 23 November 2023 Reln•d 23 Nijvomlx 2023 R•slgn•d 12 May 2Q23 Aponlod 11 OCtor 2023 Apwlnlad 23 NOrnb•r 2023 Appolntsd 23 Novamlxr 2023 ntsd 23 Ngwmb•r 2a23 8•¢Y•t•ry WIllffl Cofvlft Comp•ny nufflbv Nl(x8318 Nl eharfty numl) 1034n R•gl•t•r•d offlc• Thè Old Church C•ntr• I Churth L4n• Cu8hendun Co. Antdm 8T44 OPS Bu•ln•M addrM• Th• Okl Cburoh C•ntr• 1 Church Lana Cu•h•ndun Co. Antrim BT44 OPS Accountants Park McKillop and ComnY 1 sprlngwell Sir•ot B•Uymon4 C¢. Antrlm BT43 6AT
Cughendun Bulkllng Pmer¥ation Trust Comwny Ilmltod by gRnt•¥ Tnwt•w' wmual r•port (Incorting th• dlMctorf8 r•port> Year •nd0d 31 March 2024 The trust•as, who arp al$D the directors tor the purpose of ¢ompBny kw, present thelr rnp¢)rt and thè unaudtb fmand81 *atemants ol Ihe ¢h8rty lor the year ended 31 March 2024, R•hr•nu ind adm1nlTrif4i dots1 Cu6h•ndun Buildfng Pre8orvation T1 Charlty r•ol•tratlon ftumbw 103472 Comyry regl•traUon numb•r N1068318 Prfnelp•i 4nd rngl•t•rnd Tho Qkl Church Centrg 1 Church Lane Cushendun Co. Antrsrn 8T44 QPS Bu8lnH• addr• The Qkl Church Cefttre 1 Church L8ne Cushendwi Co. Antrlm BT44 OP8 Pag• 3
Cu•h•ndun Bulldlng Prn•rvallon Trn Compny Ilmlt•d by owrnnl•• Trn•t•M' r•port (Inln9 th• dlrn¢tof• r•portl Y•v •rnlwl JI Il•r¢h 2 Tnrnlo•• •nd dlrnctorn Th& tniiteM and dlrnctorj J•rv•d lh• ¢Trpty durin9 th• y•arr• a• foUM' Flon8 Lynch Mart• MrAlllgt•r Jam08 Skmng Franca6 Swall ¢3erard Anthony 11 Judo McNeill Jul Antrjnette Kln8all8 Paul O'Harn Phlllppa Kalhadne Eng118h Se8na Fronc8s Mcsparran Anthony K•nnody Clqlro McKeegan Shlrfey M&rla M&4uloy Carollno Aftn• Qulnn Clw6 M¢Key Wullam Cofvln IRe8lgned 23 November 2023) (R•8lgn&123 Wembw 2023) {R•Sned 23 Novembw 2023) (R••Wd 12 lagy 2ff23) {Trea8uMr) IAppdnted 11 Cktob•r 2023) (Appdnled 23 Novamb8r 2023} (Appdnled 23 Nov•mb•r 2023) IAppoint¢d 23 Nov•mbor 20231 IDlr•ctor and company 8•¢r•tary) Aoaount4nt• P4fk MrKlllop Conwwry 51 Springbll StsBet 8ollymono Co. Antrlm BT43 8AT 8truelur•i gov•mnc• and nwnag•m•nl Cushendun Bulldlng PM8•rvitlon TruBI la manag¢d by a Board of Diréctor8ifN8tee8 mpons16 for g•narnl admfftigtratKin and wrfarnance, Follawln9 a govornonc• rovt•w by Blu• Mo8J ConJultant& in eaty 2021, an updaled Memor8ndurn &nd A1• Of Associatlon war• adopted at the 2021 AGM on 7 14ovemb6r 2021. The lull Board meets rnonth for ovar8ight, whll• offKe baarnrn rnèot w•ekty for dty.tfrday Mag•MnL Duiing tha year t 8oard commissioned Blue Mo8& to undertake an Ind8pondent ev81uotlon rep(¥t to cOna•r progreu and posslble futurn dtrAk)pm•n r•crAnm•ndthn• (rf th[• r•port hav• b•gn Mn•ldeMd •hJ ar• informing our tutur• pknns, ObWV•• and •Gtlvlll Th prtmary obiéthe ol the Trust b tt> pregepi8 iho hlstoric. grchlte(AiraL aKI oonstruclional taR4 In and •round Cu8h•rxun for th• benefft of tho local communlty an Iho n•tlon. Thls Includ88 managlng The Okl Church Centr• trj prtynots h8rftage, art, arKI oommunlty beIlts, and coPeIln9 th other loc•1 and rngtonal groups In w)n9 iwarda Quf otytl, R0mary FarMII tha Admlnl•trator rnn•d In Mty 2023 and wa• not r•pl. Thrghout th• yw th• t•am comprl8•d kn•n Bym• ¢Vhltor and C•ntr• Coordln•ton and S••n• k10srran (M•rfwttng Progrwnm• Offlcer). Publlc bon¢fk qlatomont P•g• 4
Cush•ndun Buildlng Proo¢rvatlon TNst ' Company Ilmlt•d by guarant•0 Truth•' anThl r•port Ilntorporatl th• dlm¢torf¥ r•port) Ymr •ndod 31 M•rch 2024 In 8•tring our oblective8 and acti&8, the truotets have adhered to the Ch8fities ¢ommls8ion for Northem Irelands gUnC8 ¢>n publk ben•fit to gnsurg our gn with tyjr pury)0se8 and benefrt our bonefi¢irn Stat•inont ol complknne• In 8etiÉng oui our i)bJectives and carrying out our 8ctiville3 fDr tho year the truste have givgn Cgfeful consEderatit)n to the Charitles Commissloft for Northern Iland'S guidance on public benefft In onler to ensure that the acttvities undertaken have help8d the Cushendun Building PTeservatlon Trust athleva Sts purposes as set out In the MemDrandum and that It has provldod 8 benelltto its bwtharks. AehleYenieiit• and porfommnce The CushendLm Old Church Centye pmlryj to be a vrnll usad communlty rosource Key Events". - We8kty groups 8u( u Cu3hendun Painlin9 lor Pleasurn Grp, cuthgndun R¢adlhg Whl8t ev1ng1, and Yoga classes. - Tuesday get-togethers for th elderly. . Art Exhlbititins - Workshops - Hlgh.wofile Ovonts, Indudlng Brlan Kennedy, a Murder Myatery nigh( and c21 The'atre wvrkshopg. - Various event8 lor Culture Monlh and tho Cushendun Big Arts Weekend. FIn•Ill fevl•w The Old Church Centre's aolfvttles have wpuler, with numorous events gener*'ng fpottall and revenue. Th•8e events are cxu¢aal for meetlng the ctsre runnlng t4>8ts of the Centre but a150 nacessltats addiiional Stfft. We Continue to explore way8 of generakng atydthal funding for the Cenlre. Acknowledgments: Thanks to the committee rnembers, volunleern, funders Induding the National Hertsge Lottery Fund and Causeway Coast and Glens Borough Coun¢il. The Centre 18 becoming incressingly act6ve. whl¢h more dem8nds on our m&na38ment syytems. ¥dunteer8, and committee. Small company provblo This report has been prOpd in ac%wdm the applklbh lo cornpsn1•8 enitknd to th• sma# compBnh3 exemption. Tttl8 réport wag opwoved by bwd d dlrnctorn 2 N(w8mbeT 2trk4 arrfl Jlgned ¢n b•hJlf of th? ty. lthony Kennedy Truste•
¢u•h•ndun Bulldlng Pr•••rv•tlon Tru•t coMnY Ilmlt•d by gnte Indopondont •xAmln•rf• r•port to th• eh•tlty a¢u•t••• ol Cu•h•ndun Bulldlnq Pr#8•Natlon Trugt I report on the accounta pf COmpY for the year a•d 31 Ilarch 2024. whlth arg 80t out on page$ 7 to 16, Rwp•ctlv• rMponslbllld•• of charfty tru•t•o• and •xamln•r As the charity's tnjstw (arKI a180 thg d15 t1 wmpgny for ts wrposw of coMpY lawl you are mponslble for the prepardon ol accounts In x¢ordan¢e with the Compantes Act 2006. The trusteos tyJn5ider that 8n aud(t Is not r•qulr¢d for this year under sectlon 65{2) of the Ch8rltieg Act (Nothern Ireland} 2CIJB (Ihe Charitt6S Act) end th an independent examlnation is nefjded, Havrng myself thet the charity h nck 6ublxt to audlt under compony law, and 8Sible for ndependent examina. It is my regponBibllity to.. - 8xBmin8 th8 8¢counts under section 65 pf the Ch8ri1188 Act . follow the procedures lald dtywn in the general Dlrectlons giveti by the Cvmdty Commls8lon for Nothwn Ireland under 8aCtbn 65191(b) of tho Chath Art . 8tat• th•r parknlar matters hav• ¢on to my attentton B•lts of Ind•pgndont •xamln•rf• rnport I have examinèd your charlty &counts 08 f8qUifad under 88Ctlon 85 af the Ctwilta8 Act and my examlnatton wa$ carrie¢J out in &¥)Jrdan¢e wFth the gèneral Dlre¢t(on$ glven ty tha Charty commlssion for Northem Ireland under 8ectton 65(9)(b) of the Charltles ACL The examlnation Included a revlew of thè accounting read8 kept by the ¢tsrfty and 8 comparison ol the acix)unts we8ented wlth Iho8e records. It al80 Induded con8ldeiBtbn of any unuyual itéms or dlscS0gur88 in tho accounts, and 8a&lir8 explanation8 from you al ch8rtty tru¥iees corKzmlng any such matt6rB. My rol• 18 to stat• Iyhettr any mdteiial matt•rs ha¥¢ oJrrw kn my cau8e to believo.. 1. That aceountsng roeord$ we fiot kept in S¢)rdanC4 vlth wtlon 386 of Comwi Act 20C 2. That th@ accounts do not acwd %Mth those accounting 3. That the accounts do not corn wlth the awA>untlng requirements of @edbn 398 of Ihe Compani05 PLt 2008 and with the methods ond prfn¥)te$ ol Ihe Charttles Ststgmant of Re¢ommended Prxtycè appllcable to chaiit168 preparfng thoir 8ccounts in 8ccordanc6 wh the Fnancigj Reporting staFthrd appiicabla In the UK afbd Rqwbtlc of Ifeland 4. That there 1$ further Infom&lk)n n¢eded lor a proper und8rsandSng of the ac¢cu7ts to be nkn Olvlng me Pag• 8
Cu•h•ndun Bulldlng Pr•otyrvotlon Tn Compny Iimitsd by 9u&ranto• Independ6nt oxamlnef8 statement I h8v8 Compted my examination and ho no concern8 In speCt of thp mattars (1) to (4) 115tvJ abo¥e and, In connecllon foll(wlng the DlreGtlon$ of the Gliarlty GommlssiDn lor Noth•m Ireland I hav• found matiers that require drawing to your attenkn. Una M¢Kdlop F Chartered Accoun1ts Ir8land 2 November 2024 Park McKNlop and Company 51 Sprinwell Slrnet Ballymena Co. Antrim BT43 8AT Pag• 7
Cu•h•ndull Bulldlng Pro••rv4tton Tnst CompAny lknlt4d by gvarnnt YMr end•d ¥1 2024 2023 Turnov•r Admlnithivè ex[10 111,267 (96,8071 14,460 96,114 {94,7051 Op•rntlng 14,480 Tax an profft Prof kn th• financhl yur and tot•1 compr8h•n•lv• Incom• 14,460 R•talnod oamlng• al th• •tart of th• y•ar R•taln•d oamlng4 At th••nd of th• y••r 5,529 5.110 5,529 19,98 A# the aciivlles of ble Gompany are from corthultya OP8ratsom The NO on pao•J 11 to 16 14m PArt of tha••than¢lal •tatmnl
Cush•ndun Bulldlng PT•8orvatlon Tiu•t Comyny lkn#•d by guarairtg• •tomoni of Ilnanclal PDBttknn 11 MarGh 20Z4 2024 2023 Flx•d ••••t• Tanglble assts 13,313 12,831 13,313 12,831 Current••Mts 1868 19,330 4.222 58,408 Cash at bank and kn hond 21,998 Cr•rlkn: amount• l•lMng d wlthln one y•ar N•t ¢wr•nt a•••1bI}Rkn• Total l•ts ¢urr•nt Ihbllltt•$ (45,320} (89,932) 6,876 17,302) 5,529 19,989 Net a8•el• 19.989 5,529 Capltal arKI ra•rv Pn)fit and108$ armint 19.989 5,529 •mb•rn lund¥ 19,989 For tho yoar ending 31 March 2024 th8 ¢omp3ny wa8 entttted to exemption frorn audr( undor sectth 477 of th¢ Companto3 Act 2006 rdalng to gm811 fJ>mponth, DirFctors responsibilltte9: The members have not required thè comp•ty to obt an oudrt of its ffnanclal $t•tements Ipr th• y•w In que8tion in accordance wth 476,. . The dlfe¢iors ¥knowled9e thdr responbIlItie¥ ft* ¢0mY1 wlth the roqulr•monts IM ttto Actvlth r85peot to amnt4ng record$ and the prepardon of financial statements. Th868 financial gtatsmants have teen prepgred Fn wrth tho provi8Dns applk•bb to comp8ni88 Subj'ect to Ihe small axnpanles, regimg #nd In a(wdance wlth FRS 102 The Flnardd Reportsng Standard oppllc•ble kn the UKend R•ptt+liG of Iref8nd', Th• nots• tsn 11 ta 16 tsrni part ofth•8• •tat•ffleM& Pag• 9
C4•h•ndun Bulkllng Pr•MNatlon TTh•t C•)mpany Ilmhd by guar•MI•• Stat•rA•nt ol flnanGhl po•lttoTr Icontlnu•d) These fin¢1 8tAt•m•nts wern ty tho1)o•rd of dtrg¢th and autho tr101 on 2 Nov•mbw 2024, and are glgngd on b•haif of th• trd by.. Anthory l<w)no¢ty Dirwtor Compony r•yIJtr•f1¢ numb•r. N1088310 Tl not•• on p•g•• 1110 11 fmn part ol thn• th¢111 •tthn•th. P•g• 10
Cu•ts•ndun Bufldlng Pr68•rvakn Tru•t Company Ilmltod by guarnntoe NotOS to lh• fin•n¢l•l statsmgnl• Year•d 31 M•T¢h 2024 Gen•ral Inlomiatlon Th compAny l6 a prfvate cumpany llnted ty guarnntee, Tegl¥ieMd In Northatn Ireland. Th9 addr8¥8 01, registered office is The Old Church Cenire. I Church Laro. Cushendun, Co. Antrlrn, BT44 OPS. Staloment of ¢ompllan¢o These finandal tatemts h¥rfe been prepared In complianc8 wlth the prov4sions of FRS 102, Tr10 Flnancial Reporting Standaid appllcable tn the UK 8rn1 Republ of Ire18nd, the Statement of Rxomrnend&l Practice applicab to charities prep8ring thelr acmunts In aKordance wilh the Flnancfal Repon9 Standard apphcable in the UK and Repub of Ireland (FRS 102) (Charile8 SORP (FRS 1021} and the Charftss (Northgrn Ireland) 2QOB. Accountlng polkl•6 Ba818 of preparaik)n The financial statenkn ttwj bw prepared on th8 ht8iorl¢al ¢o¥t b8sl8, u mojffiad by the rnvaluation of ertaln finandal as¥els and lIabl'es and investrnent prowties measured al falr wal through profft or Ios8. The finandal dotemènts prepared In 8t•rAng, kq the Am¢ttonal ¢yrrenoy of the •nUty. Golng concgm Thero no m•terfal uncormdeS atout th? abilfty lo conunu Judgwnènts and k•y SOUT1 of •¥tlmatkm unc•rtalnty Tne preparation ol the financlal statements requlrns man8gement to make judgements, estlmat8s and a88umptKins thal affect the amounts reported. e8timates and Judgements ere continu8Hy révievthl and ar8 bas on experience and gther feGtOls. Includlng expectatKJn8 Ot future evonts thaÈ are beloved to b• re#Onab underth• clr¢umatanLw. Fund aecountlng UnrriBd lunts are aliae for use atthe dthuon of the truste8510 fvrther any ot the purp08es. Dosignatad furMIB are unrnslrlcted fund¥ eamwrked by the tniste¢s for partlcu*rluturo proio&3 or commibrents. R8strki8d fvnds are $ubloctad to reslrictions on thalr eXpendIre declared by the donor or thn)ugh the terms of an appeal, and f811 Inio on• of bvo 8ubpclo$¥eg.' re5tricW Income funds or endownont ftjnds. Pay 11
¢b•dY Bulkllng Pr•Mr¥•tlon Tiu•t Compny lknlt•d by guav•nto• Not•• to th• flnanelll 8tknnt• (eanllnu•d) Ymr •nd•d 31 IAarch 2024 Turnov•r All Incomlng r•4oureès are Induded In tha s£8temont Of fina111 when •rylllqm•nt hts pasottl to Ihe ¢harity', It is probable that the economie benefits asso&atéd witti th8 tr8n90thon will flow to ttky ¢harity and thg amount ¢an b¢ rdiabty nxasured. follgw. •pe polth am appkn¢d to partlcASlar catfraorl8s of inc(xne', - Income from danatlon8 or grants Is te&ydnised when tharn18 O•r•0f entilbm•rtt to the glft, rfjc¥ipt Is probabte and its amount C4n b8 m&asured rellably. - legacy Incomo 1$ r8wJntsed wtwi re¢eiptls prvbablo.and ?ntlUwy)ffit i& eStatrJl8ho . Income from donated is maa8ur•S at 'r of the gvJdB untass thi is knprnCt to me&8ure reliabty, In which c8e the Yalu6 [8 derived from the Ct to the donor ar the est'tmated resalo valu&. Donated fac4l1tt8s and sprylaes are In the accounts whgn rerwed rf tho Y4luo be rellably measured. No amounts are IndU10r tho contrll)ukni of 98ner•l voluntew6. . in¢ome Irom ¢<)ntra¢ts for tha 8upply of ¥erYlces is recogn with Iha d¢llv8ry oftha Contracted Th181s dassifièd as unr¢rkted tunds unless thare 18 8 contraclual requlremènt for It to be 4wnt on a rtICU r purp066 and relunk if unswt, In thkh case St may be regarded as ro8trthdj R••ourcw •xpondod EXndItUrn Is rec¢)3niaed on an accnAls bas a Ilabllty16 In¢uFrwJ. Expenditure Includes anyVAT which cannot be fvlty I+•d, and18 cJag8ffjgd undar ho•dlftgs olth• 8tabmaht Of fmkndal ac¥ to which It ro. - &xpenditure on ra1 funds hKiudo8 the eo6ts ol All fuThlthlrva 8ctKfaios, nts, rrtxFchartt8bl4 tradlng aGvrte$. the Sale of donated gocrfls. - expendlÈure on tharltsbte aGiivities in¢ludes all Guts Incurred bya dHrlty kn undertaKing athltes th#t fiJrth8r It8 ¢harltèbie Blms for the benafft of the beneficiari8&, Includlng th08e 8UPPOrt etsts and ¢oGts,: relatinu to Ihe govemanc• of the ¢h8rtty appOrkn to ¢harltabb &trvit. - other expenditur8 In¢lud88 all 9XnditUre that is nollhor rdatwj tr) ratthg funds for th• chty rr wt of Its eXpdIre on ctmritable Ktiviues. AII cogts we allooated to expendkure ¢at¢gorb6 refieG'w th¢ usfi of tho r•92urce. Dlrnct Costs 4Etril)utable to a Jlngle activty are allocated dire¢ly tr) that actlvlty. Shared $t5 aro apporttoned beknn the vltes tliey ctrIbUte to on a reasonabk, jusbfioble ond cons18tgnt ba8ts,.. Taxatlon Th8 tax8tÉon expense fepresents ts 49grtgate arrrtwnt ol currem and dèlorred tsx reoogntsad ift Ihe reportlng pefi¢xI. Tox 13 T¢gniSed in the stabment of comprehensi¥e in(xim8, except to the axtent that 6t relates to Itams tscogn6sed in olher comw•henivtr Income OT dIrecY in ¢ap6ts1 and 178tive•, In thls ¢a6e, tsx ts twnl8ed In 01116rcA)mprehen$tve thcome or deGty In pIal ana reJeM$, ptsve. Current taxlg ro¢ogni#8d on taxatyle profft f the current and pa¥t peFWS. Current tsx18 Th88ured •t the amounts of expected to pay or raeow uskng th8 tax ratos Ind la th•1 Iwe txen 8noct•d or substantitY &Sted at thè repon9 date, Deferred tax 13 recogn18ed in re3cl of all lkn)Ing dIffWa 8t Ihe rewtinp dat& UNeliav&l lax tosses and other deferred tax as88t8 are re¢oynl8&J to the gxtent that M Is probabk8 that th WIU be reCer8d again8t tha revern81 of deferred tax li8bifth$ or ott*6r future tsxablt pro118. t)efarr•J tsx is measuted using the tax r14tes and laws that 17ave b8en or 8ub$tantlwdy fjnactfjd ty lh• reporung dat8 that are •xpethl to to the reY8r4al of the timlng ¢ffilhrènc•. pag• 12
Cu•h•ndun Bulldlng Pr88•rvatlon Tnat Compny lknltffl by guarnntéo Nots• to lh• Ilnffl¢l41 •tsl•iiwnts (condnuod} Ymr •ndod 31 MaKh 2024 Taniibl• 4•MI• T8ngiblg arn inltiamy recortled it co•( at arn ¥ubwuenty •tat8d at c(At1gu any acmlated dopreclatk>n Énd Impairment loase8. Any tangiNg 888etg carried at rovu¢d OffWDts w¢ record•d at th• f•ir valuo the de of TlIuon 1•8& any sub88qLi8nt accumulated deprèc11on 8nd subsequent ac¢umulatwJ ImpalmMnl10s80s. An increase in the carrylng amount of an asset as a result of a revaluatlon, recogni8ed In OlPffjt ¢oMpr¢h•nS Income and atxumulated In capttal and ie¥eN88, except lo the extent IL re¥erse$ i r•valu8lion dmase of ihe same asset prnviously recognl8ed In proffit or los¥, A decreaie in thè carying arnount of gn 8#6•t as a re¥utt of rèvaluatlon18 tni88d In olhw iy)mpr8h•nwvo In¢oma to Ihe teI of any PTgviou¥ly rwnlsed revaluat¥)n Increase a{UmUlated In ¢8pltal and merv89 In reSpt of that asset er• a r¢vaIl10 deor¢•e oxce•l• the oc£umui•ted tevaluallon galnl ¢umul•t•d and moN•i In r8speGt of that tho ox¢3 shdl bo rn In profit or D•pr•¢latloft Deprecon IB eafcutatad YJ as to wrfte off th¢ cost or valuakn of an 811OL le86 h reddual value, Dver the u8eful economic Ilfe of that a48•t aj followB.' Fkth'ngs Ilxture$ and aqulpmo 20% reducthg balance If ther• ts an Indloalon that thern ha• been a 8nltsnt chMge In d•predaion rats, u89lul ltte or re8idual valu• of tangibkn •M•t•. th• d•preelthn i• r•vis•d pmpeodvgty to reft•¢t th• n•w •silmat ImlMnI A rgvlow for Indlulor• of knPAlrmont li oarrtad out 81 each rwrtlng dat•. wnh the racovorable lmount 1)04ng •Mst•d whore 8u¢h IndItOrS èx18L Where thè urrylng value •xc•od8 tho raooverablè amount, tho al1 lu Imp41red 0rdIng. Prlor Impalrffftnts are al80 revlewed for Frnjlblv r•verJ81 at each rIP9 d•ta. n Is not po8ilbl• to tsrnate the T0var•bI9 amount of an indlviduol a8S•t, an 68tEmats i¥ mJ8 of th• rewvgrgbl8 amount ot the ca8heneratlng unlt io whlch the asset hlong8. Tha ¢Hihenorathig untt IB ttie smallèst Identlfiabl& group of a68¢ts thot Includ•8 the as$8t and gener8tsJ ca¥h mflowa that •rO largoty Ind8p•ndont of the cash Infvws from ottwr auets or group of •8191*. Pag• ll
C4Mh•ndun Bulldlng Pr•V¥tIon Tru•t Nots• to th• fln•n¢lal •1otrylJ ¢conttnu•d) Ymr ond•d 31 thY¢b 2024 Gov•mmont grants Govemment gronts ere recottni4ad ot the falr lue of th8 aGset rfjodvod rerApMbio. Grants W6 not cogn6ged until there 18 reanabl& 88SUfane• that QrynpY 11 ¢QMly wltrl tho ndItth8 attacfiing to tii8m and the grants will be remved. Govemment gr•nts •r• rsed u81ng the arnal model arnl the mod•l. Under thg axrual model, gDvemm•nt grants relatrng tr) revenue are recryn18ed on a systmfjc b15 over Ihe penods in %thteh the comp&ny recogni8e$ the rehted M8ts for whl¢h the grant is Intended to compwt60t8. Grants Ihot receivable as componsation for expensos or10gJès ahady Incurrad orfor the purpose of gfvlng Immediate financ&l support to the anw wth 170 funffè rd&tod rn•t8 •rn re¢ogni8ed in InGome in the period In vthlch it Ixtr)mg8 re¢wvab Gtants r¢latina to 4ss¢ts are r&cpJnlsed in IncAJrM on a sy8t6mC Wis over the •xpKted uo•ft4 Nle of the a&qeL Wher¢ pgrt of a grant rolatlNJ to an awt h d8ferF•d, St b r¢&JgnLl as def8ff8d Incane and not deththd from the ¢arylng amount of the a¥89t, Under the performan¢e model, where the grant d0•8 not Imy 8wMed fithre porfom cond4tlons the reclplent, ft 18 recoanl88d kn Ino)me when the gt proceads 8re rn¢8fved or rec4lvabl8. Where Ihe 9rgnt dog3 impo80 Stclflod futurn rforMan{x-r•1ated canditK)ns on the reciplent. 11 is rwnlsett In Inwme only when the perfomwnGe-relat8d Mnditlon• have t4¢n mot, Where grnnts fa¢eiv•d •r• prn)r b) latisfy1 th• r•v•nu• r8¢c¥nltlon Grftorh, tw aro rown11 a 8 Flninclal In•trumant• A financid a8S8t or a financial Ilabdty ig recngn188d onty wlw ihe MPY b&(Th88 8 party to the contractual provisio oftho in$trument. 8aw¢ fin8noal Instrumants are Inili#lty rePnIad at th• tran•qclKJn prip, unle86 the arrang¢mont ¢onstitute5 a finandng tran6a¢tion, wher• It16 r•cognlBed at tho pr¢80nt vdue of fv futyro pyment8 discounted at a market rpte of intelt for a Similar debt instrwnonL Oobt instrurnnt6 are 8ub8eqLntlY mwured at amorti$8d Gost. Whero invaslments in nonvWIV8rtlbla weferon¢• shoreg and nonutlable oidin4ry 8horn8 or preference shar88 are publlcty tradad or their falr value can ¢)thOpls8 be measured rellably. the Inv89trnent is subsequently ffasured at farr value wkth ¢hange8 In tsir value rtcognlaad in wofit oi lops. All oth8r 8uch In¥8Btrnents are suuenty mea8urod at CQ8t le8$ Impathènt. Other flnanci81 hwrurnents, in¢Eud5ry derivatives. ara Initially recr¥nised at fair vakne, unl8s8 paymgnt for an 88set1s deferred boy0r nomal buslne6B terms ty tlnanrA at a rab ol Inknst that18 not a nrket rth, in which case wet 18 mee8ured at tho prewrt value 01 th• luaire p8ynxrits o market rat4 01 Intemt lor a slmllar debt Instrumant Otr finanool Instruments are sut8equendy measurad at f•'r valuq th #ty ehangés féMgni8od In profit or10s4 wllh the Qxcfjpbon of hod9lrrfJ Inthiments In a dè•Wated had9g rn1alirln8h. Flnanclal asset• thot are measured at ¢0 or amorti cost are rev*wed for ow'octlve é¥klenct of Impalrment at the and d 0h rng If there 18 oèieclrd• ovthnGe of Impam)ent, an impairmént108s18 fecogni8•d in profit or k)8$ Imm•Yiatefy, For 811 equty instruments regardlesg 018iqnlftincg, And oth8r financial assets that ara Indl¥idually 8t9niflcant. the8e ar6 ames81 Indthdualty lor Impolnnenl. OLhor finanaaj ass•ts or ther afyw¥d lThJivtdually or grouped on the b881s of simllar u•dft rl8k chwaCtc8. Any rev•rsal¥ of Impo1mnt ar• fee¢gn[ In prnfft Of1088 imm8di8t8ly, to th• oxtènt that th• r•v•rT81 doe8 not ressjlt in a car,n9 amount of tho finanad 838et that oxc¢ods what th8 carryir4 amount would have been had the impalrmgnt nol prevbu8ty bwi regnIsed. Pa0• 14
Cughgndun Bulldlng Pr•8orv•tlon Tru•t Company15m1t by Bu4rant¢• Nots• to th• finaDGl•l statembnts (¢onllnu¢d) Y•af •Nl•d 31 h 2024 Dèfinod ¢ontfvitknn pl•n• ContrIbuorkS to defined ¢t)ntribution anS are rÈcognl8ad as an expense in the pertod h ithlch the related 8orvlc• Is pfovkithl. Prepald contribut1$ are recogn1d as 8n asset to the extent that th8 prepayment11 to a reduclkin In futuTr payments or a cash refvrKI. When contrthtlons are not eXPd to be settted wtholly wllhin 12 months ot the end of the reporung dats In whlch empby8e8 render the related seNice, ihe 118bllity measured on a discountad present value be818. Tne unwlndlng of the dlsMunt ts rwJnl8Od M ffflanog costs in profft of In Ihe peiiod In vthleh tt art646. Llmlt•d by guarant•0 The compary * limtted by guar8nteg and does not have a share (xpltal. Evw membet proml8es that W thé company Is dissolv8d whlle hè or sho remalns a member. or within trrtlye month8 thereafter. to pay £1 toward$ the cost of dissdulon and Ihe liabUIMa8 tncurr•d by the compony whilst the contrlbulor was EmWoy•• mimbe The z¥erage mber01 par5 emplpy•a by th8 company durlty thè Or amw)tsd to 1 (21Y23: 2), Profft balore taxatlon Is ylated after ¢hgr9ln91(fxedHlng): 2023 DepTwktlon of tangiblo a$68ts 3.329 3,207 Pag• 111
Cu•h•ndun Buudlng Pr•••Nth Tnmt Ilot•• to th• lInanlI Ststsmnts Iconunuad) Y•w •ndod 31 hl•r¢h 2024 T•nglbh Totsl Itttin9s and •quipm¢nt At 1 Aprfl 2023 Additlons 22.716 3.811 Z1718 3.811 At 31 M•Y¢h X124 26.527 28,$27 Dopraclatlon At 1 Aprfl 2023 Charge fL>r th? swr At 31 Morch 2024 9,885 1329 13,214 13,214 Garylng rnnt At 31 la•r¢h 2024 13,313 13.313 At 31 March 2023 12,831 12.811 2024 2023 Trade dobtorn Other debtors 1,985 4,222 2,668 4,222 Cr•dltoY•: •mounl• falllng du• wllhln OM yPAr 2024 2023 10,8LKI 10,800 Social securfty and othw l•x Other creth 3,881 57.908 15,320 69,932 Pag• 18
u•h•ndun Bulldlng Pr•••N*Uon TN•l Conwny Ilmll•d by ouarntth• Th• lollowlng 98• do not fm oftth• •tahrtory account
Cu•h•ndun Bulldlng Pr•••mtlon Tru Cmp•ny Ilmii•d by gMrnrt•• Y•ar •nd•d 31 Ilareh 2024 2024 2023 Event3 income Book6ale and lundralslng proc••dJ Venue hiro CC & G grnnts rwlv•d Herltsge Lott•ry r•oebMd OAERA Grant Communlty Founditlon •mall M•cFarlanoJ LLP grAnts r¢eo N(xthém Aw Communlty grantj rec•i¥•d 20,443 10,442 7,733 8,602 84,188 912 22,273 11,009 7,537 37,644 433 473 111,287 90,114 Gro•• pYolX 111,287 95,114 100.0% 10Q.O% Admlnlrtrntlv• •xp•nM• Wa9e¥ and •alarleo CoMultan¢y co•ts Staff ponfjlon co•t•. admlnl8tr•tlv• Q)•l• Trnlnlng C18 Rent payabl• Ev•nts •xp•nwJ Ral8• In$urnn Llght arxl h•at Ropalrn •nd maintanan Prlntlng, postaq• and •t•liDMry Advertislng Tdéphone Computor ¢08 Bank ch8rges G8ner•l &xp8n8 Sub•cripnI Oeprn¢iatlon of tanalbl• aio•ts (25,281) (7.940) (644) (32.09T) (2,4121 (359) (160> (188) (29,4621 {182) (1.904) (2,517) {10,714) (1,111) (3,961) (1,288> (568) 1196) (2,328) {2.126) (3.207} (94,700) (33,436) (177) {2,222) (4.234) (10.6181 1866) (2,5871 (1,8091 (599) 13081 (1029) 13,329) (96,807) Opwatlng prth 14,400 13.0% 114% Op•rnthig profft p•rn•ntsg•
Cu•h•ndun Bulldlny Py••oNakn Tnot Comp•ry Ilmft•d by guarnnt D•t•ll•d 1ftM• st4t•mont Icontlnued? Yoar ond•d 31 2024 2023 Profit i)•for• ljxatstsn 14,46D