Company registration number: N1610101
Nl charfty number: NIC105695
Glenariff Improvement Group
Tradlng as Glenarfff Improvement Group
Company Ilmlted by guarantee
Unaudited financlal 8tatements
30 November 2022

Glenarlff Improvement Group
Company limited by guarantee
Contents
Page
Directors and other infonnation
Tnjstegs, annual report (incorporating the directorfs report)
Independent examinèrfs report
Statemant of income and retsined eamings
Statement of financial position
9-10
Notes to the financial statements
11-15

Glenariff Improvement Group
Company limited by guarantee
Directors and other information
D5rectors
Arthur Acheson
sheer￿ McGaughey
Theresa McGaughey
Margaret Mcllwain8
Mairead Mcmullan
Kathleen Murray
Rose McQui118n
Secretary
Theresa McGaughey
Company number
N1610101
Nl charAty number
NIC105695
Reglstored offlce
40 Main Street
Waterfoot
Glenariff
Co. Antrim
BT44 OQS
Bu8lness addrew
40 Main Straet
Waterfoot
Glenarrff
Co. Anirim
BT44 OQS
Accountants
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

Glenarlff Improvement Group
Company limited by guarantee
Trustees, annual report (incorporating the directorfs report)
Year ended 30 November 2022
The tru8te8s, who are also the directors for the purpose of company law, present their raport and the unaudited
financial statemerrts of the charity for the year ended 30 November 2022.
Referenco and admini8trative details
Registered charity name
Glenariff Improvement Gr￿p
Charlty registratlon numbor
NIC105695
Company registration number N1610101
Prfnclpal offlce and reglstered 40 Main Street
office
Waterfoot
Glenarrff
Co. Antrim
BT44 OQS
Trustees
The trustees who seNed the company during the year were as follows..
Arthur Acheson
Sheena McGaughey
Theresa McGaughey
Margarot Mcllwaine
Mairead Mcmullan
Kath5een Murray
Rose McQuillan
Accountants
Park McKillop and Company
Chartered Accountants
51 Springwell Street
Ballym8na
Co. Artrim
BT43 &4T
Structure, governanca and management
The organisation is run by a committee. The committee has appointed trustees who 8r6 responsib￿ for the daily
administration of the charity.There is one employee engaged to work in the Glenariff Beach Cafe which is open
in the Spring, Summer and Autumn tourist soa30n.
Objectives and actlvlties
The purposes of Glenariff Improvement Group are to promote the benefrt of the inhabitants of the Glenariff area
and its environs without distirLtion of gender, sexual orientation, age, race, ethnicty, or political, religious or
other opinion by associating the statutory authorities, voluntary and community organisations and inhabitants in a
common effort to..
Page 3

Glenarlff Imwovement Group
Company lirnited by guarantee
Trustees. annual report (in¢orporats'ng the directorfs report)
Year ended 30 November 2022
a) Promote o)mmunity development by providing resources. support and infomiation for community and
voluntary groups and organisations arKI encouraging and assisting such organisations to co-operate to achieve
their aims" The direct benefits flowing from this purpos8 include g￿ater efficiency and effectiveness by working
together. These benefits can be demonstrated by residents participating more fully in their local environment.
b) Advance environmental protection and improvement; The direct benefits flowing from this purpose include an
improved local environment. These benefits can be demonstrated by the community and amenities,. ramove
litter and debris and otherwise improve the appearance of the area of benefit. The direct tenefits flowing from
this purpose inc5ude improved village environs. The58 benefts can be d8mon3trated by the village having an
improved appearance for local people and visitors.
c) Provide facilities in the interests of social welfare for recreation and other leisure time occupations with the
object of improving the cOnd￿lOnS of lrfe for the said inhabitants; The direct benefits flLwing from this purpose
include provision of ragular opportunities for people to m88t and learn in sociable surroundings. These benefits
can be demonstrated by ragular club and other ectivities taking place.
d) Relieve those in need by reason of youth, age or other disadvantage,. The direct benefits flowing from this
purpose include the provision of opportunitres for socLg1 inter8Ction. These benefits can be demonstrated by
provision of opportunities for social interaction demonstrated by people enjoying a better condition of lrfe, both
socially and mentally.
e) Promote culture and heritage and raise awar8n8ss of local history, The dir8Ct b8nefits flowing from this
purpose include regular talks and activrties by a range of expert sFeakers. These benefits can be demonstrated
by an increased awareness of cultural heritage.
f) Promote tourism and opportunities for recreational purposes., The direct benefits flowing from this purpose
include improved facilities for tourists and recreation. These benefits can be demonstrated by an annual
increase in tourist appr6ciation of Glenariff.
g) Promote good community relations, religious and racial hannony and equalty and diversity, The direct
benefrts flcwing from this purpose include improved reFations with community groups from dIffer￿t backgrounds.
These benèfits can be demonstrated by sharing eX￿rtISe and enjoying activities togather.
h) Promote such other charitable purposes as may from time to time be determined.
Statement of compllanc•
In setting our objectives and planning our activtties for Ihe year the trustees have given careful consideration to
the Charity Commission for Northem Ireland's guidance on public benefit to ensure that the activities have
helped lo achieve the charitvs purposes and provide a benefit to the beneficiaries.
Page 4

Glenariff Improvement Group
Company limited by guarantee
Trustees, annual ￿port (incorporating the directorfs report}
Year ended 30 November 2022
Achlevements and perforniance
Since Covid was still restricting the lives of Seniors we continued with 'Meals on IM)eels" which was started last
year. The format of Chrislmas activities was also Ichv but thè highlight was Meals on Wh665s Christmas dinners
cooked and delivered by the members of the Group along with a box of chocolates wth each dinner. Instead of
the children receiving Selection Boxes from Santa Claus at a party in the Mariners, the boxes were deliver8d to
the local primary sthool and the school children brought boxes home to their younger brothers and sisters.
Funding was sourced from Causeway Coast and Glens Council, North Antrim Community Network. Glens
Cycling C5ub and donations.The Beach Cafe laase was not ranewed at the bepinning of January 2022 when the
lease was due for renewal.
Financial review
Having obtained funding from various sources, together with public and private donations, the organisation has
been able to maintain sufficient cash flow to continue operati¢￿5 uninterrupted.
Small company provlslons
This report has been prepared in accordance with the provisions applicable to companifis entitled to the smal
compani8s 8x•mption,
This report was approved ty the board of director8 on 6 July 2023 and SKJned on behalf of the board by.
Mairaad Mcmullan
Trustee
Page 5

Glenarlff Improvement Group
Company Ilmited by guarantee
Independent oxaminefs report to tho charity trust888 of Gl8nariff Improvement
Group
I report on the accounts of the company for the year ended 30 November 2022, which are
set out on pages 8 to 16.
Respectlve rnsponslbilitios of charity trustees and examlner
As the charity's truste8s (and also th6 directors of the company for the purposes of
company law) are responsible for the preparation of the accounts in accordance with
the Companies Act 21JJ6. The trusteas consider that an audit is not required for this year
under section 65(2) of the Charities Act (Northem Ireland) 2008 (the Charities Act) and that
an irKlep8ndent 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:
- 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){b) of the Charities Act
- stata whether particuk8r matters have come to my attention
Ba81s of Independent examlnorfs roport
I have examined your charity 8ccounts as required under section 65 of the Charrties Act
and my examination carried out in accordance wrth 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 th8 charity and
companson of the accounts presented with those records. It also included consideration of
any unusual items or disclosures in the accounts, and seeking explanations from you as
charity trustees conceming any such matters.
My role is to state whether any material matters have come to my attention giving me
cause to believe:
1. That accounting records were not kept in accordance with section 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 3* of the
Companies Act 20C6 and with the methods a￿1 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 8 proper understanding of the accounts to be
reached
Page 6

Glenariff Improvement Group
Company limited by guarantee
Independent examiner's Statement
I hav8 completed my examination and have no concems in respect of the matters (1) to (4)
list8d above and, in connection with following the Directions of the Charr(y Commission for
Northern Ireland, I have found no matters that require drawing to your attention.
Una McKillop FCA
Chartered Accountants Ireland
8 July 2023
Park McKillop and Company
51 Springwell Street
Ballymena
Co. Antrim
BT43 6AT
Page 7

Glenariff Imwovement Group
Company limited by guarantee
Statement of income and retained earnings
Year ended 30 November 2022
Year
ended
30111122
Year
ended
30111121
Noto
Turnover
Cost of sales
8,365
100
29,366
{9,1521
Gross profit
8,465
20,214
Administrative expenses
Other operating income
(20,265)
3,440
(16,976)
3,440
Oporatlng Ilossyprofit
(8,360)
6,678
Other interest receivable and similar income
16
(Lo8s}Ipr¢)fit btforo taxatlon
(8,360)
6,694
Tax on {lossyprofit
(Lossyprofit for the flnancial yoar and total
comprehensive Income
(8,360)
6,694
Retalnèd 8arning8 at the start of the year
R8tafned eamlngs at th• end of the yoar
27,308
20,614
18,948
27,308
All the actNlties of the company are from continuing operations.
The notes on pages 11 to 15 forn7 part of these financial statements.
Page 8

Glenariff Improvement Group
Company limited by guarantee
Statement of financial position
30 November 2022
30111122
30111121
Not•
Flxed ass6ts
Tangible assets
11,342
14,720
11,342
14,720
Current assets
Stocks
Cash at bank and in hand
100
17,992
100
28,293
18,092
28,393
Credltor8: amounts falllng due
within one yoar
(4,4C6)
(6,285)
Not curront asset8
13,686
22,108
Total assets le88 current liabiliti88
25,028
36,828
Credltors: amounts falllng du•
after more than one year
(6,080)
18,948
<9,520)
Net a88et8
27,308
Capltal and reserves
Profit and loss account
18,948
27,308
Memb•rn funds
18,948
27,308
For the year ending 30 November 2022 company was entitled to exemption from audrt under section 477
of the Companies Act 2006 relating to small comp8ni8s.
Directors and trustees, resp3nsibilities.'
The members have not requirad the company to obtain an audit of its financial statements for the in
question in accordance with section 476.,
The directors acknowledge their responsibilities for complying with th8 r8quirements of th8 Act wrth respect
to accounting records and the preparation of financial statements.
Th￿8 financial stalemgnts hav8 been prepared in accordance wilh tha provisions applicabl8 to companies
subj.ect to small companies, regime and in accordance with FRS 102 'Th Financial Rep(yting Standard
applicablè in the UK and R&pubSi¢ of Ireland,.
The notes on pages 11 to 15 forni part of these financial statemen
Paga 9

Glenarlff Improvement Group
Company limited by guarantee
Statement of financial position (continued)
30 Novembor 2022
These financial statements were approved by the board of directors and authorised for issue on 6 July 2023,
and are signed on behalf of the board by..
Mairead Mcmullan
Director
Theresa McGaughey
Director
Company registration number.. N1610101
The notes on pages 11 to 15 fomi part of these financial statements.
Page 10

Glenariff Improvement Group
Company Ilmited by guarantee
Notes to the financial statements
Year ended 30 November 2022
General Infomiation
The company is a wivale company limited by guarantee, registered in Northam Ireland. The address of
the registered offic8 is Glenariff Improvwiant Group, 40 Main Street, Waterfoot, Glenariff, Co. Antrim,
BT44 OQS.
Statement ot compliance
These financial statements have bean pr8pared in complianc& with the provisions of FRS 102, 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland,, the Statement of
R6commended Practi￿ 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
IFRS 102)) and the Charities Act (Northern IreSand) 2008.
Accountlng pollcles
Basis of preparatlon
The financial statements have be8n prepared on the historical Cost basis, as modified by the revaluation
of certain financial assets and liabilities and investment properties measured at fair valu8 through profit
or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Golng concern
Ther8 are no material uncertainties about the charitvs ability to continue.
Judgemfrnt8 and key gourcès of estlmatlon uncertainty
The preparation of the financial statements requires management to make judgernents, estimates and
assumptions that affect the amounts reported. These estimates and judgements 8re continually
reviewed and are based on experience and other factors, including expectations of future events that
are belièved to be raasonable under th6 cir¢um8tanc&s.
Fund accountlng
Unrestricted funds are available for use at tha discretion of Ihe truste8S to further any of the charitls
purposes.
Designated fuThJs are unrestn'cted funds earmarked by the trustees for particular future projects or
commrtments.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the
tenns of an appeal, and fall into one of two subdasses: restricted income funds or endowment funds.
Page 11

Glenariff Improvement Group
Company limited by guarantee
Notes to the financial statements (continued)
Year ended 30 November 2022
Turnover
A15 incoming resources are incSuded in the statement of financial activib'es 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 sp8cific policies are appli8d to
particular categories of income..
- incom8 from donations or grants is r6cognis8d wh&n thwé is 8vidence of entiJement to the gif( receipt
is probable and rts amwnt can be measured reliably.
- legacy income is recognised when receipt is probable and entitlement is established.
income from donated 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 ￿sale
value. Donated facilÈties and services are recognised in the accounts when received rf the value can be
reliably measur8d. No amounts are included for the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the contracted
service. This is classrfied as unrestricted funds unless there is a contractual requirement for it to be
spent on a particular purpose and returned rf unspent, in which case it may be regarded as restricted.
Resources expendod
Exp8nditure 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-charrt8ble
trading activit8S, 8nd the sale of donated goods.
- expenditure on charitable activities includes all costs incurred by a charty in undertaking activites that
further its ch8ritable aims for the benefit of the beneficiaries, including those SUPP¢Jrt costs and costs
relating to the governance of the charity apportioned to charitable activities.
other expendrture includes all expanditure that is neither re18ted to raising funds for the charity nor part
of its expenditure on charitabSe activities.
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 reason8ble, justrfiable and consistent basis.
Taxation
The taxation expense represents 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 re18tes to items recognised in other compreh8nsive income or directly in capital and reserves. In this
case, tax is recognised in other comprehensive income or directly in &epFtal and reserves, respectively.
Current tax is recognised on taxable profit for the current 8nd past periods. Current tax is measured at
the amounts of tax expected to pay or ￿￿Ver using the tax rates and I￿S that have tjeen enacted or
subst8ntively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differènces at the reporting date. Unrelieved tax
losses and other def6rred tax assets are recoanised to the ethnt 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 hav8 been enacted or substantively enacted by the
reporting date that are expected to apply to the reversal of the tim ing difference.
Page 12

Glenarfrff Improvement Group
Company Ilmlted by guarantee
Notes to the financial statements (continued)
Year ended 30 November 2022
Tanglble assets
Tangibl6 assets are inrtially recorded at cost. and are subsequently stated at cost less any accumulated
d8preciation and impaiment lossès.
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 incr8ase in th8 carying amLwnt of an ass8t as 8 r8sult 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 reco3nised in profit or loss. A decrease in th8
carrying amount of an asset as a result of revaluation 15 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 ex￿d5 the accumulated revaluation gains
sccumulated in capital and resorvas in respect of that 8SS8t, the excess sh811 bg recognised in profit or
loss.
Depreclatlon
Deweciation is calculat8d so as to write off th8 Cost or valuation of an asset, less its rèsidual value,
over the useful economic lffe of that asset as follows..
Short leasehokl property
Plant and machinery
100
straight line
10% straight line
If there is an indi&ition that there has been 8 signrficant ch8nge in depreciation rate, useful lrfe or
rgsidual valua of tangible a&8ets, the d8pr8ciation is revisad pr08P8Ctiv&ly to reflect the new estimates.
Impalrmont
A review for indicators of impainnent 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 impaimients 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 8mount of the cash-g8nerating unit to which the asset belongs. The cash-generating
unit is the smallest identrfiable group of assets that includes the asset and generates cash inflows that
are largely ind8p8ndent of the eAsh infiows from othar assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.
Cost includes all costs of purchase, cL)sts of converston arKI other ￿)StS incurred in bringing the stocks
to their present location and condition.
Page 13

Glenariff Improvement Group
Company limited by guarantee
Notes to the financial statements Icontinued)
Year ended 30 November 2022
Government grants
Govemment grants are recognised at the fair value of the asset received or receivable. Grants are not
recognised until there is reasonabla assurance that tha company will comply with the conditions
attaching to them and the grants will be received.
Governm8nt grants are recognised using the accrual model and the perfom18nce model.
Under the accrual model, govemment grants re18ting to revenue are recch3nised 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 ￿ expenses or losses already incurred or for
the purpose of giving immediate financial support to the entity with no future related costs are
r8cognised in income in the period in which it becomes receivable.
Grants relating to assets aro recognised in income on a systematic basis over the expected useful lrfe
of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred incom8
and not deducted from the ca￿yIng amount of the asset
Under the performance model, where the grant does not impose specified future perform8nce-rel8ted
corKlitions on tha recipent, it is recognisad in income when the grant prt>ceeds are received or
receivable. Mthere the grant does impose specrfied future perfornance-related conditions on the
recipient, it is recognised in income only when the perfomance-related conditions have been met.
Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as
Financial instruments
A financial asset or a financial liability is reo)3nised only when the company l)ecomes a party to the
contractual provisions of the instrument.
B8sic financial instruments are initially recognised at th8 transaction price, unless the arrangement
constitutes a financing transaction, where it is recognised 8t the present V8lue of the future payments
discounted at 8 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 otheNise be measured reliably, the
investment is subsequently measured at fair value with changes in fair value reco3nised in profit or loss.
All other such investments are subsequently measured at cost less impairment.
Other financi81 instruments, including derivatives, ar8 initl8lly recognised 8t fair value, unless payment
for an asset is deferred beyond nomial business temis 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 8mortised cost are reviewed for obj'ective evidence of
impairment at the end of each reporting date. If there is obiectFVè evidence of impairnient, an
impainnent loss is recognised in profit or loss immediately.
For all equity instruments regardless of s1gnrflcan￿, 2nd other financial assets that are individually
signrficant, these are assessed individually for impaimient. Other financi81 assets or either assessed
individually or grouped on the b8sis of similar credit risk characterist￿.
Any reversals of impairment are recognised in profit or loss immedialety, fio the extent that the reversal
does not resutt in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impaiment not previously been recognised.
Limited by guarantee
The company is limited by guarantee arKI does not have a share capital. In the event of the company
being wound up, the liability of each member is linited to £1.
Page 14

Glenariff Improvement Group
Company Ilmited by guarantee
Notes to the financial statements (continued)
Year ended 30 November 2022
Losslprofit before taxation
Losslwofit before taxation is stated after chargingl(credrting).'
Year
ended
30111122
Year
ended
30111121
Depreciation of tangible assets
3, 378
3,818
Tangibl8 assets
Short
18asehold
property
Plant and
machinery
Total
Cost
At 1 December 2021 and 30 November 2022
2,700
35,476
38,176
Depreclatlon
At 1 December 2021
Charge for year
At 30 November 2022
1,620
270
21,836
3,108
23,456
3,378
1,890
24,944
26,834
Carrying amount
At 30 November 2022
810
10,532
11,342
At 30 November 2021
1,080
13,640
14,720
Croditor8: amounts falllng due wlthin one year
30111122
30111121
Other creditors
6,285
Croditorn: amounts falllng due aftw more than one year
30111122
30111121
Other creditors
6,080
9,520
Controlllng party
The company is IFmited by guarantee and there is no ultimate controlling party.
Page 15

Glenariff Improvement Group
Company Ilmited by guarantee
The following pages do not fomy part of the statutory accounts.

Glenariff Improvement Group
Company limited by guarantee
Detailed income statement
Year ended 30 November 2022
Year
ended
30111122
Year
ended
30111121
Turnover
Grant income for Beach Cafe
Grant income for Group
Donations and fundraising income for Group
Beach caf8 takings
Other income
10,000
11,996
6,485
200
7,370
1,680
8,365
29,366
C08t of sales
Opening stock
Bèach Cafe purchas8S
(100)
(9,152)
(9,252)
100
Closing stock
100
100
(9,152)
Gross profit
8,465
20,214
Gro88 proflt percentag8
101.20
68.8%
Overhead8
Adminlstrative exp•n8es
Luncheon club - Group
Insurance - Group
Beach Cafe insurance
Repairs and maintenancA - Group
Travel - Group
Christrnas expenditure - Group
Bank charges
Ganeral expenses
Donations
Depreciation of tangible assets
(14,861)
(165)
(8,353)
(165)
(479)
(272)
{307}
(2,270)
(532)
{7801
(6541
(69)
(588)
(550)
(3,378)
(20,265}
(3,818)
(16,976)
Other operating Income
Govemment grants released to the PIL account
3,440
3,440
3,440
Page 17

Glenariff Improvement Group
Company limlted by guarantee
Detailed income statement (continued)
Year ended 30 November 2022
Year
ended
30111122
Year
ended
30111121
Operatlng {loss)Iprofit
(8,360)
6,678
Operating (lossyprofit percentagè
99.90
22.70/tr
Other interest receivable and sim ilar income
ILo88yprofit bèfore taxation
16
(8,360)
6,694
Page 18