THE MCF CHARITABLE TRUST DIRECTORS, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024 Company Registration Number . N1037132 Charity Number NIC 100118
THE MCF CHARITABLE TRUST LTD CONTENTS Page Legal and administrative information Directors, report Accountants, report Statement of Financial Activities Balance Sheet Notes to the Financial Statements
Page I THE MCF CHARITABLE TRUST LTD COMPANY INFORMATION AT 31 JANUARY 2024 Company Registratioll number NI 037132 Charity number: NIC100118 Address: The Sandel Centre 6 Knocklynn Road Coleraine BT52 IWT Directors: D Graves PMHowe D W Johnston C P Marttn W J Robinson A P Williamson Secretary: C P Martin Bankers: Danske Bank 22 The Diamond Coleraine BT52 IDE Accountants: W R Crymble Chartered Management Accountsnts 3 Governors Gate Lane Hillsborough BT26 6AX
Page 2 THE MCF CHARITABLE TRUST LTD TRUSTEESIDIRECTORS, REPORT FOR THE YEAR ENDED 31 JANUARY 2024 The trustees present their report and accounts for the year ended 3 1 January 2024. The accounts have been prepared in accordance with the accounting policies set out in note I to the accounts and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Stateinent 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)" (as amended for accountipig periods coniipiencing from l Jantiary 2016) OBJECTIVES AND ACTIVITIES The purposes of MCF Charitable Trust are: to advance the Christian faith in Ireland and in such parts of Great Britain or the world as the directors of the Charity may from time to time think fit. to relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby in Ireland and in such parts of Great Britain or the world as the directors of the Charity may, from time to time, think fit. to advance education in accordance with Christian principles by such means as the trustees may consider appropriate including by means of establishing and operating any education establishment or establishments in Ireland and An such parts of Great Britain or the world as the directors of the Charity may, from titne to time, think fit. to promote or fulfil such other charitable purposes beneficial to the community in Ireland and in such parts of Great Britain or the world as the directors of the Charity may from time to time think fit. The current strategy of The MCF Charitable Trust is to deliver these purposes through the following: l. The provision and maintenance of the 'Sandel Centre, Coleraine, a puryose built and fully equipped building which serves the community as a neutral venuelsafe space. These assets are managed accord- ing to the principles of good governance using appropriate procedures and personnel management ar- rangements to promote effective and efficient programmes of activities. 2. The Trust employs three staff as follows. A full timc Bible teacher, staff worker and volunteer organ- iser. This person is engaged in weekly Bible teaching, mentoring and pastoral care. We also employ a Mission Co-ordinator whoie role involves helping MCF to be more effective in impacting the local neighbourhood and wider world with the love and message of Jesus. A Youth Worker who coordinates volunteer teams and organises a wide variety of youth activities.
Page 3 THE MCF CHARITABLE TRUST LTD ACHIEVEMENTS AND PERFORMANCE SUNDAY MORNNG SERVICES Numbers attending on Sunday mornings have remained steady with about 200 adults now attending either regularly or semi-regularly. There are also a number of people who regularly Th'atch the services online because they are unabIe to attend in person due to ill health. Sunday morning services are provided by MCF who create a ¥*ann and welcoming environ- ment where people can connect together, and includes musical worship, coinmunion, prayer, an open sharing time, and teaching about the Bible and its relevance to everyday life. Three separate programmes (pre-school, primary, secondary) are provided for approximately 60 chil- dren and young people, looked after by t¢ams of volunteers. YOUTH ACTIVITIES Jenny Bruce continued tn the role of Youth Worker, coordinating volun- teer teaLns and organising a wide variety of youth activities. The following activities currently happen regularly.. ANIMATE.. This is a creative Sunday evening youth group which has now developed a strong identity, and attracts about 30 young people from both church and neighbourhood. The group helps young peo- ple develop personally, socially and spiritually, and also find ways to serve the local community in practical ways. EXPLORE: A discussion group on Tuesday afternoons for young people (aged 12-14) who want to explore Christian faith and ask questions in a safe environment. YOUTH HOME GROUP: This is a small group for older teenagers (aged 15-18) which meets weekly. They explore different aspects of Christian faith and also seek to support and encourage each other COFvlMThITY ACTIVITIES The Sandel Centre hosts a wide variety of activities provide vi- tal connection and community for different groups within our local community. These include a table tennis club, an Art Club, "Young at Hcart" and "Wednesday Get-Together" (for older people), Jolly Tots (for babies and toddlers and their parents/carers), and Friday Fun Club (for Primary age children). There are also seasonal community events at Christmas and Easter, as well as a special community festival weck (Sandelfest) in August. MISSION CO-ORDINATOR Ricky Linton has continued in the role of Mission Coordinator. This role involves helping the church to be more effective in impacting the local neighbourhood and wider world with the love and message of Jesus. Ricky works closely with the Sandel Centre manager on Thays of connecting the church to the local community and those who use the building every day. He also organised and led a series of meetings of 'Sceptics Cafe, in the autuinn for sceptics, seckers and believers intercsted in exploring difficult questions around the Christian faith, as well as a week of events focused on mental health in January. PUBLIC BENEFIT: In setting our objectives and planning our activities for the year the trustees have given careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit. In this way they seek to ensure that the activities have helped to achieve the charity's purposes and provide a benefit to the beneficiaries. REVIEWS OF RISK: The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the maj or risks.
Page 4 THE MCF CHAIUTABLE TRUST LTD FINANCIAL REVIEW Our financial support was drawn exclusively from Mountsandel Christian Fellowship, charity no l 00058. In return Mountsandel Christian Fellowship benefitted from use of the building and the services of staff. Causeway Voluntary Trust managed the letting of build- ing facilities to community and other user groups and in return took responsibility for the maintenance and other rLuming costs of the building. Overall expenditure increased by £18,412 this year due to higher staff costs and expenses. Income rose by £8,193 compared to the previous year and subsequently cash reserves fell to £5.398. STRUCTURE, GOVERNANCE AND MANAGEMENT The MCF Charitable Trust is a company limited by guarantee, registered in Northern Ire- land on 14th October 1999 and a charity registei'ed with the Charity Commission for Northern Ireland on 8th April 2014. Its governing documents are its Memorandum and Ar- ticles of Association. The Directors of the Company are also the Charity's Trustees and consist of the persons who are from time-to-time members of the Company. A Director must have confirnied their acceptance of the objects and ethos of the Company and their personal acccptance of the Lord Jesus Christ as Saviour and Lord and belief in the Doctrines set out in the sched- ule of the Memorandum of Association. The trustees, who are also the directors for the purpose of company law, who served dur- ing the year were: William Robinson Arthur Williamson Christopher Paul Martin. Dodie Graves Peter Howe Dolway Johnston None of the trustee has any beneficial interest in the company. Two trustees were also trustees of Mountsandel Christian Fellowship. The trustees, report was approved by the Board of Trustees on 13th October 2024 and signed on behalf of the Trustees by: CP Martin Trustee Dat¢d: 13" October 2024
Page 5 THE MCF CHARITABLE TRUST LTD INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE MCF CHARITABLE TRUST LTD I report on the accounts for the year ended 31 January 2024 which are set out on pages 6 to l O. Respective responsibilities of charity trustees and examiner As the charity's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ircland) 2008. It is my responsibility to.. examine the accounts under section 65 of the Charities Act 2. follow the procedures laid down in the general Directions given by the Commission under section 65(9)(b) of the Charities Act state whether particular matters have come to my attention. Basis of independents examiner's report I have examined your charity accounts as required under section 65 of the Charities Act and my cxamination was carried out in accordance with the general Directions given by the Charity Commission for Northcrn Ireland under section 65(9)(b) of the Charities Act. My examination iD¢lud¢d a review of the accounting records kept by the charity and a coinparison of the ac- counts 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 for concern: l. that the accounting records were not kept in accordance with section 63 of the Charities Act 2. that the accounts do not accord with those accounting records 3. that the accounts do not coinply with the accounting requirements of the Charities Act 4. that there is further infomation necded for a propcr understanding of the accounts to be reached. Independents examinels statement I have completed my cxamination and have no concerns in respect of the matters (l ) to (4) listed above and, in connection with following the Directions of the Charities Commission for Northem Ireland, I have found no matters that require drawing to your attention. W R Crymble Chartered Management Accountants 3 Governors Gate Lane Hillsborough BT26 6AX 13 October 2024
Page 6 THE MCF CHARITABLE TRUST LTD STATEMENT OF FINANCIAL ACTIVITIES (including summary income and expenditure account) Unrestricted Unrestricted funds funds 2024 2023 COME Donations 86,000 77,917 Interest 131 21 Total Income 86,131 77,938 EXPENDITURE Charitable activities 97,115 78,703 NET (EXPENDITURE) 765 FUNDS Opening balance (Deficit) for the year 16a82 (10,984) 17,147 ( 765) TOTAL FufiDS 5J98 16,382
Page 7 THE MCF CHARITABLE TRUST LTD BALANCE SHEET AS AT 31 JANUARY 2024 Unrestricted Unrestricted funds funds 2024 2023 FIXED ASSETS Tangible assets 450,218 450,218 CURRENT ASSETS Cash at bank 5,398 5,398 16,382 16,382 CURRENT LIABILrrIES NET CURRENT ASSETS 98 16,382 TOTAL ASSETS LESS CURRENT LIABILITIES 455,616 466,600 CREDITORS: amounts falling due after more than one year NET ASSETS LESS LIABILITIES 455,616 466,600 FUNDS Opening balance (DeficÉt) for the year 466,600 (10,984) 467,365 ( 765) TOTAL FUNDS 455,616 466,600 These accounts have been prepared in acknordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015). The members have not required the company to obtain an audit in accordance with Section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. Approved and authorised for issue by the board on 13 October 2024 and si]ed on its behalf by:
Page 8 THE MCF CHARITABLE TRUST LTD NOTES fforming part of thefinancial stalements) Accounting policies Charity inforniation The MCF Charitable Trust is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 6 Knocklynn Road, Coleraine., County London- derry, BT52 1 WT, United Kingdom. 1.1 Accounting convention, The accounts have been prepared in accordance with the charity's governing document, the Companies Act 2006 and Accounting and Reporting by Charities: StateTTJent of Recominended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended for accounting periods commencing from l January 2016). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin I not to prepare a Statement of Cash Flows. The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial stateinents are rounded to the nearest £. The accounts have been prepared under the historical cost convention and certain financlal instruments at fair value. The principal accounting policies adopted are set out below. 1.2 Going concern. At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foresceable future. Thus, the trustees continue to adopt the going concern basis of accounting in pre- paring the accounts. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes. Restricted funds are subject to specific conditions by donors as to how they may be used. The puryoses and uses of the restricted funds are set out in the notes to the accounts. 1.4 Incoming resources Income is recognised when the charity is legally entitled to it after any perforniance con- ditions have been met, the amounts can be measured reliably. and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the char- Rty has been notified of the donation. unless performance conditions require deferral of the amount. income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Page 9 THE MCF CHIlRITABLE TRUST LTD 1.5 Resources expended. Expenditure is recognised on an accruals basis as a liability incurred. Expenditure in- cludes any VAT which cannot be llY recovered, and is reported as part of the expendi- ture to which is relates: Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allo- cated directlyto such activities and those costs of an indirect nature necessary to support them. 1.6 Fixed assets. Tangible fixed assets are measured at cost and no depreciation is applied. The gain or loss arising on the disposal of an asset is determined as the difference be tween the sale proceeds and the carrying value of the asset and is recognised in net in come/(expenditure) for the year. 1.7 Impairment of fixed assets. At each reporting end date, the charity reviews the carrying amounts of its tangible assets to deteni]ine whether there is any indication that those assets have suffered an impainnent loss. If any such indication exists. the recovcrable amount of the asset is estimated to determine the extent of the impainnent loss (if any). Intangible assets with indefinite useful lives and intangible assets not yet available for use are tested for impairnient annually, and whenever there is an indication that the asset may be impaired. 1.8 Cash and cash equivalcnts. Cash and cash ¢quivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. There were no restricted funds at the end of year. 1.9 Basic financial assets. Basic financial assets, which include debtors and cash and bank balances. are initiaEIy measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the fu ture receipts discounted at a market rate of interest. Financial assets classified as receiva ble within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at trans action price unless the arrangement constitutes a financing transaction, where the debt in strument is measured at the pr¢sent value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Trade creditors are obligations to pay for goods or services that have been acquired in th¢ ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are prcsented as non-cur rcnt liabilities. Trad¢ creditors are rccogniscd initially at transaction price and subse quently measured at amortised cost using the effective interest method.
Page 10 THE MCF CHARITABLE TRUST LTD l. l O Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terniinate the employment of an employee or to provide tennination benefits. Critical accounting estimates and Judgements. In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabili ties that are not readily apparent from other sources. The estimates and associated as sumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Donations. No restricted income was received in the cUent year. Charitablc activities. 2024 2023 Staff costs Expenses Bank charges 96,154 879 82 75,762 2,940 41 Total 97,115 78,703