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2025-03-31-accounts

Company registration number: NI066318 NI charity number: 103472

Cushendun Building Preservation Trust Company limited by guarantee

Unaudited financial statements

31 March 2025

Cushendun Building Preservation Trust Company limited by guarantee

Contents

Page
Directors and other information 2
Trustees' annual report (incorporating the directors' report) 3 - 6
Independent examiner's report 7 - 8
Statement of income and retained earnings 9
Statement of financial position 10 - 11
Notes to the financial statements 12 - 17

Cushendun Building Preservation Trust Company limited by guarantee

Directors and other information

Directors

Jude McNeill Julie Antonette Kinsella Paul O'Hara Resigned 23 November 2023 Maria McAllister Resigned 5 January 2025 James Skivington Frances Swail Resigned 23 November 2023 Gerard Anthony Swail Resigned 23 November 2023 Philippa Katharine English Appointed 12 July 2025 Anthony Kennedy Claire McKeegan Appointed 11 October 2023 Shirley Maria McAuley Appointed 23 November 2023 William Colvin Seana Frances McSparran Resigned 12 July 2025 Fiona Lynch Caroline Anne Quinn Resigned 12 July 2024 Clare McKay Resigned 12 July 2025 Anne Murphy Appointed 12 July 2025

Secretary William Colvin Company number NI066318 NI charity number 103472 Registered office The Old Church Centre 1 Church Lane Cushendun Co. Antrim BT44 0PS Business address The Old Church Centre 1 Church Lane Cushendun Co. Antrim BT44 0PS

Accountants Park McKillop and Company 51 Springwell Street Ballymena Co. Antrim BT43 6AT

Page 2

Cushendun Building Preservation Trust Company limited by guarantee

Trustees' annual report (incorporating the director's report) Year ended 31 March 2025

The trustees, who are also the directors for the purpose of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2025.

Reference and administrative details

Registered charity name Cushendun Building Preservation Trust Charity registration number 103472 Company registration number NI066318 Principal office and registered The Old Church Centre office 1 Church Lane Cushendun Co. Antrim BT44 0PS Business address The Old Church Centre 1 Church Lane Cushendun Co. Antrim BT44 0PS

Page 3

Cushendun Building Preservation Trust Company limited by guarantee

Trustees' annual report (incorporating the director's report) Year ended 31 March 2025

Trustees and directors

The trustees and directors who served the company during the year were as follows:

Fiona Lynch Maria McAllister (Resigned 5 January 2025) James Skivington Jude McNeill Julie Antonette Kinsella Philippa Katharine English (Appointed 12 July 2025) Seana Frances McSparran (Resigned 12 July 2025) Anthony Kennedy (Treasurer) Claire McKeegan (Appointed 11 October 2023) Shirley Maria McAuley (Appointed 23 November 2023) Caroline Anne Quinn (Resigned 12 July 2024) Clare McKay (Resigned 12 July 2025) William Colvin (Director and company Secretary) Anne Murphy (Appointed 12 July 2025) Gerard McHugh (Appointed 12 April 2025) Accountants Park McKillop and Company 51 Springwell Street Ballymena Co. Antrim BT43 6AT

Structure, governance and management

The Cushendun Building Preservation Trust is managed by a Board of Directors/Trustees responsible for general administration and governance. Following a governance review by Blue Moss Consultants in early 2021, an updated Memorandum and Articles of Association were adopted at the 2021 AGM on 7 November 2021. The full Board meets monthly for oversight, while office bearers meet weekly for day-to-day management. During the year the Board commissioned Blue Moss to undertake an independent evaluation report to consider progress and possible future developments. The recommendations of this report have been considered and are informing our future plans.

Objectives and activities

The primary objective of the Trust is to preserve the historic, architectural, and constructional heritage in and around Cushendun for the benefit of the local community and the nation. This includes managing The Old Church Centre to promote heritage, art, and community benefits, and co-operating with other local and regional groups in working towards our objectives.

Staffing

There is one paid centre coordinator Steven Byrne (Visitor and Centre Coordinator).

Public benefit statement

In setting our objectives and activities, the trustees have adhered to the Charities Commission for Northern Ireland's guidance on public benefit to ensure our activities align with our purposes and benefit our beneficiaries.

Page 4

Cushendun Building Preservation Trust Company limited by guarantee

Trustees' annual report (incorporating the director's report) Year ended 31 March 2025

Statement of compliance

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 Ireland'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 its beneficiaries.

Achievements and performance

The Old Church Centre has continued to thrive as both a community hub and a cultural venue, offering a lively and varied programme throughout the year. Our regular activities remain the foundation of the Centre, with the Reading Circle, Painting for Pleasure Group, Whist evenings, Yoga classes, and the Tuesday Get Togethers providing vital opportunities for social connection, creativity, and wellbeing.

The Cushendun Big Arts Weekend in May 2024 was once again a major highlight, bringing together a packed programme of theatre, music, family activities and workshops. Events included Murder She Got Wrote Off, the Baby & Toddler Disco, Dance Encounters’ Walk in the Woods, and a sold-out concert from the Rowan Leslie Trio. Workshops ranged from music production tasters to Diane Lyness’ popular jewellery making class, while performances from Ursula Burns and Brothersbroke added to the eclectic mix. The weekend reinforced its reputation as one of the Glens’ most vibrant festivals, drawing visitors from across the region.

The Centre also hosted a rich programme beyond the festival season. Summer family activities included the Two Mules Puppet Show and Cando Academy animation workshops. August’s ABBA X-perience was a sell-out success, bringing a full house and a fantastic community atmosphere.

Culture Month in September built on its growing momentum, delivering an ambitious line-up that spanned heritage, literature, and music. Highlights included an Ulster Orchestra recital, Hamely Kitchen with Paula McIntyre, an evening with broadcaster Eamonn Mallie, and conversations with writers Anne Devlin and Phil Scraton. Traditional heritage was celebrated through the Hidden Gems Walking Tour and the East Meets West concert with the Glens Comhaltas, while contemporary voices such as Declan Lawn added fresh perspectives. The month closed with a sold-out concert by Liam Ó Maonlaí, leaving audiences with a memorable finale.

This range of programming, alongside our weekly community activities, demonstrates the growing strength of the Old Church Centre as a place where heritage, community, and the arts come together. None of this would be possible without the dedication of our volunteer board, our paid Centre Coordinator, and our 20-strong team of volunteers who give freely of their time and energy. Their commitment ensures the Centre not only keeps its doors open but continues to grow as a welcoming, relevant, and sustainable resource for Cushendun and the wider Glens.

Financial review

The Old Church Centre's activities have been popular, with numerous events generating footfall and revenue. These events are crucial for meeting the core running costs of the Centre but also necessitate additional staffing. We continue to explore ways of generating additional funding for the Centre.

Acknowledgments: Thanks to the committee members, volunteers, and funders including the National Heritage Lottery Fund and Causeway Coast and Glens Borough Council. The Centre is becoming increasingly active, which places more demands on our management systems, volunteers, and committee.

Page 5

Cushendun Building Preservation Trust Company limited by guarantee

Trustees' annual report (incorporating the director's report) Year ended 31 March 2025

Fund accounting and reserves policy

Reserves Levels

CBPT aims to maintain reserves equivalent to a minimum of three months and a maximum of six months of core running costs (Between £9,000 and £18,000). This calculation excludes any costs directly covered by restricted grants.

Building Reserves

To ensure sufficient reserves are maintained, the following actions will be taken:

Monitoring and Review

The reserves policy will be reviewed annually as part of the financial planning process. Adjustments will be made if there are significant changes to CBPT's operational structure, funding model, or financial environment.

Small company provisions

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 30 September 2025 and signed on behalf of the board by:

[Ge] William Colvin Trustee[YY]

Page 6

Cushendun Building Preservation Trust Company limited by guarantee

Independent examiner'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 2025, which are set out on pages 9 to 17.

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(2) 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 examination, 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 Northern Ireland under section 65(9)(b) of the Charities Act.

The 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 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 7

Cushendun Building Preservation Trust Company limited by guarantee

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

30 September 2025

Park McKillop and Company 51 Springwell Street Ballymena Co. Antrim BT43 6AT

Page 8

Cushendun Building Preservation Trust Company limited by guarantee

Statement of income and retained earnings Year ended 31 March 2025

2025 2024
Note £ £
Turnover 90,035 111,267
Administrative expenses (79,205 ) (96,807 )
Operating profit 10,830 14,460
Interest payable and similar expenses )
(2		 -
Profit before taxation 6 10,828 14,460
Tax on profit - -
Profit for the financial year and total
comprehensive income 10,828 14,460
Retained earnings at the start of the year 19,989 5,529
Retained earnings at the end of the year 30,817 19,989

All the activities of the company are from continuing operations.

The notes on pages 12 to 17 form part of these financial statements.

Page 9

Cushendun Building Preservation Trust Company limited by guarantee

Statement of financial position 31 March 2025

Note
Fixed assets
Tangible assets
7
Current assets
Debtors
8
Cash at bank and in hand
Creditors: amounts falling due
within one year
9
Net current assets
Total assets less current liabilities
Net assets
Capital and reserves
Profit and loss account
Members funds		 2025
£
14,770
3,485
26,448
29,933
)
(13,886		 £
14,770
16,047
30,817
30,817
30,817
30,817		 2024
£
13,313
2,666
19,330
21,996
)
(15,320		 £
13,313
6,676
19,989
19,989
19,989
19,989

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

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 12 to 17 form part of these financial statements.

Page 10

Cushendun Building Preservation Trust Company limited by guarantee

Statement of financial position (continued) 31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 30 September 2025, and are signed on behalf of the board by:

William Colvin Director

Company registration number: NI066318

The notes on pages 12 to 17 form part of these financial statements.

Page 11

Cushendun Building Preservation Trust Company limited by guarantee

Notes to the financial statements Year ended 31 March 2025

1. General information

The company is a private company limited by guarantee, registered in Northern Ireland. The address of the registered office is The Old Church Centre, 1 Church Lane, Cushendun, Co. Antrim, BT44 0PS.

2. 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 (FRS 102) (Charities SORP (FRS 102)) and the Charities Act (Northern Ireland) 2008.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical 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 entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation 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 accounting

Unrestricted funds are available for use at 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 restrictions 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.

Page 12

Cushendun Building Preservation Trust Company limited by guarantee

Notes to the financial statements (continued) Year ended 31 March 2025

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:

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.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to 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.

Taxation

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 current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax 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 13

Cushendun Building Preservation Trust Company limited by guarantee

Notes to the financial statements (continued) Year ended 31 March 2025

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 the 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 to 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.

Depreciation

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 - 20% 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 to reflect the new estimates.

Impairment

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 not possible to estimate the recoverable amount of an individual 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 asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Page 14

Cushendun Building Preservation Trust Company limited by guarantee

Notes to the financial statements (continued) Year ended 31 March 2025

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement 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 cost.

Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value 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 similar debt instrument.

Other financial instruments are subsequently measured at 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 financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

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 not previously been recognised.

Defined contribution 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 date 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.

4. Limited by guarantee

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.

5. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1).

Page 15

Cushendun Building Preservation Trust Company limited by guarantee

Notes to the financial statements (continued) Year ended 31 March 2025

6. Profit before taxation

Profit before taxation is stated after charging/(crediting):

2025
£
Depreciation of tangible assets
3,684
7.
Tangible assets
Fixtures,
fittings and
equipment
£
Cost
At 1 April 2024
26,527
Additions
5,141
At 31 March 2025
31,668
Depreciation
At 1 April 2024
13,214
Charge for the year
3,684
At 31 March 2025
16,898
Carrying amount
At 31 March 2025
14,770
At 31 March 2024
13,313
8.
Debtors
2025
£
Trade debtors
1,312
Other debtors
2,173
3,485		 2024
£
3,329
Total
£
26,527
5,141
31,668
13,214
3,684
16,898
14,770
13,313
2024
£
681
1,985
2,666

Page 16

Cushendun Building Preservation Trust Company limited by guarantee

Notes to the financial statements (continued) Year ended 31 March 2025

9. Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Trade creditors
Social security and other taxes
Other creditors		 2025
£
10,800
780
2,306
13,886		 2024
£
10,800
839
3,681
15,320

Page 17

Cushendun Building Preservation Trust Company limited by guarantee

The following pages do not form part of the statutory accounts.

Cushendun Building Preservation Trust Company limited by guarantee

Detailed income statement Year ended 31 March 2025

Turnover
Events income
Booksale and fundraising proceeds
Venue hire
CC & G grants received
Heritage Lottery grants received
DAERA Grant
MacFarlanes LLP grants received
Northern Area Community grants received
Other grants
Bay apartments grant
Cleaver Fulton Rankin grant
Ulster scots agency grant
Foyle Foundation grant
NHSCT grant
Gross profit
Gross profit percentage
Overheads
Administrative expenses
Wages and salaries
Consultancy costs
Staff pension costs - administrative costs
Events expenses
Rates
Insurance
Light and heat
Repairs and maintenance
Printing, postage and stationery
Advertising
Telephone
Computer costs
Bank charges
General expenses
Subscriptions
Depreciation of tangible assets		 2025
£
17,487
3,941
10,117
7,683
37,589
2,623
-
-
2,700
120
1,750
500
5,000
525
90,035
90,035
%
100.0
)
(24,367
)
(3,647
)
(544
)
(24,695
)
(185
)
(1,985
)
(4,824
)
(6,627
)
(464
)
(2,544
)
(2,602
)
(811
)
(334
)
(1,107
)
(785
)
(3,684
)
(79,205		 2024
£
20,443
10,442
7,733
6,602
64,168
912
494
473
-
-
-
-
-
-
111,267
111,267
%
100.0
)
(25,281
)
(7,946
)
(544
)
(33,435
)
(177
)
(2,222
)
(4,234
)
(10,618
)
(865
)
(2,587
)
(1,809
)
(599
)
(306
)
(2,029
)
(826
)
(3,329
)
(96,807

10,830

14,460

Operating profit

Cushendun Building Preservation Trust Company limited by guarantee

Detailed income statement (continued) Year ended 31 March 2025

Operating profit percentage
Interest payable and similar charges
Profit before taxation		 2025
£
%
12.0
)
(2
10,828		 2024
£
%
13.0
-
14,460