Company registratlon number: N1610101 Nl charlty number: NIC105695 Glanariff Improvement Group Trading as Glenariff Improvement Group Company limit￿ by guarantee Unaudited flnancial statomènts 30 November 2021 Glenariff Improvement Group Company limited by guaranteo Contents Pago Directors and other information Truslees. annual report (incorporating the directorfs report) Independent examine¢s report Statement of income and retained earnings Stslemelll of financial position 9-10 Notes to the financial statements Glgnariff Improvement Group Company limited by guardntge DirKtors and olhgr inforniation Directors Arthur Acheson Sheena McGaughey Theresa McGaughey Marg8rel Mcllwaine Mairead McMulL4n K*hleen Murray Rose Mcauillan Secretary Theresa M¢Gaughey Company number N1610101 Nl charity numb¢r NIC105695 Reglstered office 40 Main Street Waterfoot Glenariff Co. Antrim BT44 OQS Business address 40 Main Street Waterfwt Glenanff Co. Anlrim BT44 OQS AccounLints Park McKillop and Company 51 Springwell Street Ballymena Co. Antrim BT43 6AT Bankers First Trust 78 Wellington Street Ballymena Co. Antrim BT43 6AF Page 2 Glenariff Improvement Group Company Ilmlted by guarant09 Trustees. annual report (incorporating tho diroctorfs report) Ygar ondod 30 Nov8mb8r 2021 The trustees, who are also the directors fof the purpose of company law, present their report ond the unaudited financial statements of the charity for the year ended 30 November 2021. Reterence and administrative dgtsils Registered charfty name Glenarrff Improvement Group Charfty reglstratlon number NIC105695 Company reglstralion number N1610101 Principal office and registered 40 Main Street office Waterfoot Glenariff Co. Antn'm BT44 OQS Trustees The Iruslees who served the company during the year were as follows" Arthur Aeheson Sheena McGaughey Theresa McGaughey Margaret mel￿aine Mairead Mcmullan Kathleen Murray Rose M¢Quillan Accountants Park M¢lQlbp and Company Chartered Accountants 51 Springwell Street Ballymena Co. Antrim BT43 6AT Structure, governance and management The organisation is run by a committee. Th& committee has appointed trustees who are responsible for the daily adminislralion of the charity.There is one employee engaged to WO[* in the Glenariff Beach Cafe which Is open in the Spring, Summer and Autumn tourist season. Objèctives and activitles The purposes of Glenariff Improvement Group are to promote the berkefii of Ihe inhabitants of the Glenariff area 2nd ils environs wilhoul distinction of gender. sexual orientation, age, lace, elhnicity, or political, religious or other opinion by assocBting the statutory authorit*s. voluntsry and community organisations and inhabitants in a common effort to". Pago 3 Gl•nariff Improvement Group Company limited ty guarantee Trustees. annual report lincorporatlng the dlrectofs reporti Year ended 30 November 2021 al Promote communtty development by pro?￿Jing resources, support and infomation for community and voluntary groups and organisatK)ns and encouraging and assisb.ng 5Ltch organisations to Co-operate to achieve their aims. The direct benefits flowing from this pUn￿se include greater efficiency and effecb"veness by working together. These benefits can k demonstrated by resKlents participatsng more fulfy in their local environmenL bl Advance environmentsl proteth.on and improvement," The direct benefits flowng from this purpose include an improved local environment. These beneffts can k demonstrated by the community and amenities", ￿mOVe litter and debris and otherwse improve the ap[earan￿ of the area of benefit.. The direct benefrts fiowing from this purpose include improved village environs. These tenefits can be demonstrated by the village having an improved appearance for local people and visitors. cl Provide facilities in the interests of social welfare for recreation and other l&'sure time cccupats.ons with the object of improwng the conditions of life fof the said inhabitsnts. The direct benefits flowng from this purpose include provision of regular opportunities for people to meet and karn in sociabk surroundings. These benefits can be demonstrated by regular club and other actsvi￿5 taking place. dl Relieve those in need by reason of youth, age or other disadvantage,. The direct benefits flowng from this purpose include the provision of opportunrties for sock41 interacbon. These benefrts can be demonstrated by provision of opportunities for social InteraCt￿n demonstrat&J by people enjoying a better Cond￿on ol life. both so¢ially and mentslly. el Promote culture and heritage and raise awa￿neSS of l¢)tsl history,. The direct beneffts flowing from this purpose in¢lude reguL8r tslks and actNities by a range of expert speakers. These benefits can be demonstrated by an increased awareness of cultural heritsge. Prcmote tourism and opportunib.es for reCreatTh￿l purpo￿.. The dirert tenefits flowing from this p￿rpOSe include improved facilits.es for tounsts and recreation. These benefits can be demonstrated by an annual increase in tourist appreciatiorE of Glenariff. gl Promote gocKI community relations, religious and racial hamiony and equality and dNersity', The direct benefits flowing from this purpose include improved reLgb"ons with community groups from different backgrounds. These benefits can be demonstrated by sharing expertise and enjoying aCtiv[t￿S together. h) Promote such other charitable purposes as may from time to time be detemined. Statement of compliance In setting our objectives and planning our activitses for the year the Iruslees have given (xrefvl consideration to the Charty Commission for Northem IreL3nd's guidan￿ on publ￿ ￿nerrt to ensure that the activities have helped to achieve the chantys Pufposes and provKle a benefit to the bene￿laries. Page 4 Glenariff ImpTovem¢nt Group Company limited by 9uarnntee Trustee5' annual report (incorporating th& directofs reporti Year ended 30 November 2021 Achievements and perfornsance The QTganisation has been able to secure sufficient funding to enab￿ rts existence into the foreseeable future, whilst being able to provide the publJ'¢ with a safe. fn"endty and efficient servFce within exFected budgetary constraints. Due to Covid regulations, we were unable to restart the weekty Luncheon Club so at the meeting held in August 2021 in Glenariff Forest Park rt was agreed that funding woukl be sourced to enable us to conb'nue with the "Meals on Wheels" which was very well received by our older generation who were delNJhted by the weekly hol lunch ccM)ked and delivered by Kathleen and Sheena. Funding was sourced from Causeway Coast and Glens Council and also from NACN which enabled us to continue the project started al the beginning of lockdown. At the AGM held in September, we ￿VieWed the Beach Cafe posibon as the lease wa5 up for renewal in January 2022. Followng the discussion, a vote was tsken and It wa5 agreed that we woukl not renew the lease.11 was agreed that the Council would be informed of the decision in December. Financial review Having obtained funding from various sour￿. toJether with wblic and private donations, the organisation has been able to maintain sufficient cash flow lo continue operations uninterrupted. Small company provlslons This report has been prepared in accordance with the Pfovtsions applicab￿ to cx)mpanies entstled to the small companies exemption. This Trport was approved by the board of directors on 11 May 2022 and signed on behalf of the board by.. Mairead Momullan Trustee Page 5 Glenariff Improvement Group Company limitèd by guarantee Independent examinerfs report to tho charity tru$tg0s of Glenariff Improvèmènt Group I report on the accounts of the company for the year ended 30 November 2021, which are sel out on pages 8 10 16. Respective responsibilities of charity trustees and examiner As the charity's tmstees land also the directors of the Company for the purposes of company lawl you are responsible for the pieparation of the ac￿Unts in accordance with the Companies Act 2006. The trustees consider that an audit 15 not required for this year under section 65121 of the Charities Act {Northern Ireland) 2008 {the Charities Aet} 8nd that an independenl examinats.on is needed. Having satisfied myself that the chanty is not subject to audit under company law, and is eligible for independent examination, il is my responsibiltty to". examine the accounts under section 65 of the Charities Act foll¢JW the procedures laKI down in the gener81 Directions given by the Charrty Commission for Northem Ireland under section 65191{bl of the Charities Act slate whether part￿ular matters have come to my attention Basis of independent examinerfs 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 Charrty Commission for Northem Ireland under section 6519)Ib} of the Charities Act. The examination included a review of the accounting records kept by the chaty 2nd a comparison of the accounts presented wtth those records. It also included consideration of any unusual items or disclosures in the accounts. and seeking explanations from you as charity tntstees concerning any such matters. My role is to slate whether any m*erial matters have cryne lo my attention giving me cause lo 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 wrth the accounting requirements of section 396 of the Companies Act 2006 and wrth the methods and principles of the Charrties Statement of Recommended Practice applicabte lo charities preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republ￿ of Irelar¢d 4. That there is further infomiation needed for a proper understsnding of the a¢¢ounts to be reached Page 6 Glenariff Improvemènt Group Company limited by guarantee Independent examinerfs statemont I have completed my examination and have no concems in respeet of the mallers11} 1014} listed above and, in connection with following the Direct￿n5 of the Charty Commiss*)n for Northem Ireland, I have lound no matters that require dfawing to your attenl¢on. Una Mclthllop FCA Chartered Accountants Ireland 11 May 2022 Park MeKillop and Company 51 Springwell Street 8altymena Co. Anlnm BT43 6AT Page 7 Glenariff Improvement Group Cornpany limited by guaranteo Statement of income and retained earnings Year onded 30 November 2021 2021 2020 Note Tumovor Cost of sales 29.386 19.1521 24,525 Gross profit 20.214 24,525 Adminislralive expenses Other operating income 116,9761 3,440 123,4381 3,000 Operating profit 6,678 4,087 Other interest re￿1vable and similar income 16 13 Profit befor9 taxation 6.694 4,100 Tax on profil Profit for the financial yèar and total comprehensive income 6,694 4,100 Retained earnings at th8 stsrt of the year 20,614 16,514 R8tain•d earnings at the end of the year 27,308 20,614 All the acb'viltes of the company are from continuing operations. The notgs on pages 11 to 15 fomi part of these financial Statements. Page 8 Glenariff Improvement Group Company limitod by guarantee Statement of financlal position 30 November 2021 2021 2020 Not8 Fixed assets Tangible assets 14,720 14,138 14,720 14,138 Current a88ets Stocks Cash at bank and in hand 100 28.293 100 33.760 28,393 33,860 Creditors: amounts falling due within one year (6.2851 118,384} Not current assots 22.108 15,476 Total as$ots less current liabilltles 36,828 29,614 Crgditorn: amounts falling dug aft8r more than one year 19,5201 19,000) Net assets 27.308 20,614 Capital and reseries Profil and loss account 27,308 20,614 Member5 funds 27,308 20,614 For the year ending 30 November 2021 the company was entil￿d lo exemption from audit under se¢lion 477 of the Comparkies Act 2006 relating lo small Compan￿$. Directors and trustees. responsibilit¢es.' The members have not required the company to obtsin an audit of its financial slalements for the year in question In accordance with section 476., The directors acknowledge their responsibilities for complying with the requirements of the Act with respect lo accounting records and the preparation of financial slatemenls. These financial slalements have been prepared in accordance Wbth the provisions applicable to companies subject lo the small companies, regime and in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland.. The notss on pages 11 to 15 form part of th9s9 financlal statgments. Page 9 Glenariff Improvement Group Company limited by guarantoe ststemont of financlal posltlon Icontlnuedl 30 Novèmber 2021 These financial statements were approved by the board of directors and authorised for issue on 11 May 2022, and are signed on behalf of the board by.. Ag, 4w* Mairead Mcmullan Director Theresa McGaughey Director Company registration number. N1610101 Thg notes on pages 11 to 15 forni part of the88 financlal statgments. Page 10 Glonariff Improvement Group Company limited by guarant9• Notes to the financial statements Year gndgd 30 Novern￿r 2021 General information The company is a Private eompany limrted by guarantee, registered in Nortt7ern Ireland. The address of the registered office is Glenariff Improvement Group, 40 Main Street, Walerfoot, Glenariff, Co. Anlrim, BT44 OQS Stalement 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 prepafing their accoLtnts in accordance wrth the Financial Reporting Standard appltcable in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Chartties Act (Northern Iretandl 2008. A¢countlng policies Basis of preparation The financial statements have been prepared i)n the histortsl cost basis, as modified by the revaluation of certain financial assets and liabilits.es and investrnenl properties measured at f8ir value through profil or loss. The financial statements are prepared in sterling. wh￿h is the functional cufferw of Ihe entity. Going ¢oncem There are no material uncertainl￿S about the Chari￿s ability lo continue. Judgements and kay sources of •stimatlon uncertainty The prepar21ion of the financial slalements requires management to make judgements, estimates and assumptions that affect the amounts reported. These eslimales and judgements are continually reviewed and are based on experience and other faclois, including expectstions of future events that are believed to be reasonable under the circumstan￿. Fund accounting Unrestricted funds are avaitabse for use at the discreboll of the tnjstees to further any of the charitys purposes. Designated funds are unrestricled fvnds earmarked by the Iruslees for parb"¢uLgr future projects or commilmenls. Restricted funds are subjected lo restrictions on their expenditure decLared by the donor or through the lemis of an appeal, and f811 into one of ￿ sub3nised only when the company bec￿e$ a paty lo the contractual provisions of the instnJmenl. Basic financial instruments are initially rwnised at the transaction price. unless the arrangement conslrtules a financing Iransaclion, where il is recognised at the present value of the future payments discounted at a market rale of interest for a similar debt instrument. Debt instruments are subsequently measuied al amortÈsed cost. Whefe 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 rneasured at fair value with ¢harEges in fair value recognised in profil or loss. All other such investments are subsequently measured al cost less impairment. Other financial instruments, including deTtvalives. are inrtially fecognised al fair value, unless payment for an asset Is deferred beyond nornial business temis or financed al a rate of inteiest that is not a market rate, in which case the asset is measured al the present value of the future payments discounted al a markel rale of interest for a similar debt instrument. Other financial instruments are subsequentty 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 measufed al 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 Ioss is fecognised in profft or loss immedialety. For all equity instruments regardths of significance. and other financial assets that are Individ￿allY significant, these are assessed individually for Impairnient. Other financial assets or either assessed Individually or grouped on the basis of similar credit risk characteristics. Any reversals of impaimienl are recognised in profrt or loss immediately, to the extent that the reversal does not result In a carrying amount of the financial asset tt)al exceeds what the carrying amount would have been had the impaimienl not previously been re¢ognised. Limited by guarantee The company is limrted by guarantee and does not have a share capital. In the event of the company being wound up, the liability of each member is limrted lo £1. Page 14 Glenariff Improvgrnant Group Company limited by guarantefr Notes lo tho financial statements {continuadl Year ended 30 November 2021 Profit before tsxation Profit before taxation is slated after chargintylcredrt"Jngl'. 2021 2020 Depreciation of tsngibk assets 3,818 3,378 Tangible assets Short leasehold propety Plant and machinery Total Cost At 1 Decernber 2020 Additions 2,700 31,076 4,400 33,776 4,400 At 30 November 2021 2.700 35,476 3e,176 Depreciation At 1 December 2020 Charge for the year 1,350 270 18,288 3,548 19,638 3,818 At 30 November 2021 1,620 21,836 23,456 Carrylng amount At 30 November 2021 1,080 13,640 14,720 At 30 November 2020 1.350 12,788 14,138 Creditors: amounts falling duo within one year 2021 2020 Other creditors 6,285 18,384 Credltors: amounts falling duo aftgr morg than ono yèar 2021 2020 Other creditors 9.520 9,ODO Controlling party The company is limited by guarantee and there is no u￿"mate controlling party- Page15 Glenariff Improvoment Group Company limited by guarantoe Tho following pages do not form part of th8 Statutory accounts. Glenariff Improvement Group Company limitgd by guarantee Detailed income statement Year ended 30 November 2021 2021 2020 Turnover Grant income for Beach Cafe Grant income for Group Donations and fundraising income for Group Beach cafe takings 10.000 11,9 24,055 470 7,370 29,366 24,525 Cost of sales Opening stock Beach Cafe purchases 11001 19,1521 11001 19.252} 11001 Closing stock 100 100 19,1521 Gross profit 20,214 24,525 Gross profft percentage 68.8% 100.0% Overheads Admlnistrative expense8 Luncheon club - Group Insurance - Group Beach Cafe insurance Repairs and mainlenanee Travel - Group Music and entertainment- Group Christmas expenditure- Group Bank charges General expenses Donations Depreciation of tangible assets {8,3531 1165) 14791 {2721 {3071 113.2721 14391 11,2501 19841 12,2381 1941 11,2781 15051 13,3781 {2,270) 1532) 17801 13,8181 116,9761 123,4381 Other operating income Government grants re￿aSed to the PIL a¢¢ount 3,440 3.000 3.440 3,000 Operating profit 6,678 4,087 Page 17 Glenariff Improvement Group Company limitgd by guarant99 Detailed income statement {continu8d) Year ended 30 November 2021 2021 2020 Operating profit percentage 227% 16.7Yo Other interest receivab￿ and similar income 16 13 Profit before taxation 6.694 4.100 Page 18