THE MCF CHARITABLE TRUST DIRECTORS, REPORT IIND UIYAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 Company Registration Number . NI 037132 C.hArity Number MC 100118
THE MC.F C.HARrrARI,F TRUS'I. L'I"D CONTENTS Page Leg21 and administrative information Directors, report Accountants, report Statement of Financial Activities Balance Sheet Notes to the Financial Statements
Page 2 THF, MC.F CHARI'I'ABLE'I'KUb'f LTD COMPANY INFORMATT()N AT 31 JANUARY 2025 Company Registration number NI 037132 Charity DULnber: NIC100118 Address: The Sandel Centre 6 Knocklynn Road Coleraine BT52 Iwr DireLtur>i D Graves PMHoThe D W Johnston C P Martin W J Robinson A P Williamson Secretary: C P Martin Bankers: Danske Bank 22 The Diamond Colcrainc BT52 IDE Accouutallts: W R Crymble Chartered Management Accountants 3 (Tovemors Liate Lane Hillsboiough BT26 6AX
Page 3 HE MCF CHARITABLE TRUST LTD TRUSTEESIDIRECTORS? REPORT FOR THE YEAR ENDED 31 JANUARY 2025 The trustees present their report and accounts for the year ended 31 January 2025. The accounts have been prepared in accordance with the accounting policies set out in note I to the accounts and coinply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by 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 (FRS 102)" (as amended for accounting periods commencing from l January 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 worId 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 truste¢s may consider appropriate including by means of establishing and operating any education establishment or establishments 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 promote or fulfil such other charitable purposes beneficial to the community in Ireland and in such parts ot- Great Britain or the world as the directors ot- the Charity may from time to time think fit. Tkic curi¢LIt stratcgy of Tlic MCF Cliaritablc Trust is to dclivcr tlics¢ pullposcs tl]rougli thc following: l. The provision and maintenance of the ' Sandel Centre, Coleraine, a purpose built and llY eqiiipped hiiilding which serve.q t.he cnmmiinity a neiitral en1]e/afe gpace. These asqet.S Are managed according to the principles of good governance using appropriate procedures and personnel management arrangements to promote effective and etticient progra]nmes of activitics. 2. The Trust employs three staff as follows. A 11 time Bible teacher, staff worker and volunteer organiser. This person is en8a8ed in weekly Bible teaching, mentoring and pastoral care. We also employ a Mission Co-ordinator whose role involves helping MCF to be more effective in impacting the local neighbourhood and wider world with the love and message of Jesus. A Yuutli Workcr wlio coordiirdtcs volwitcci. t¢I]S ld oi'gaLiiSCS a widc varicty of youtli activitics. ACHIEVEMENTS AND PERFORMANCE SUNDAY MORNING SERVICES NUblS dllriidiiig on sIdaY nioL"lliiIigs liav¢ r¢iiiain¢d st¢ady WAtli about 200 adults iiow at- tcnding cithcr rcgularly or scmi-rcgularly. Thcrc arc also a numbcr of pcoplc who rcgularly watch the services online because they are unable to attend in person due to ill health.
Page 4 THE MCF CHARITABLE TRUST LTD SUNDAY MoRI[N SERVICES continued Sunday morning services are provided by MCF who create a wami and welcoming environment where people can connect together, and includes musical worship, communion, prayer, an open sharing time, and teaching about the Bible and its relevance to everyday life. Three separate programmes (pre- school, primary, sccondary) are provided for approximately 60 children and young people, look¢d after by teams of volunteers. YOUTH ACTIVITIES Jenny Bruce continued in the role of Youth Worker, coordinating volunteer teams 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 people develop personally, socially and spiritually, and also find ways to serve the local community in practical wa)"s. EXPLORE: A discussion group on Tuesday afternoons for young people (aged 12-14) who want to cxplorc Christi£m faith and ask qucstions An a safc environmcnt. YOUTH HOIWE GROUP: This is a small group foT older teenagers (aged 15-18) which meets weekly. They explore different aspects of Christian faith and also scck to support and encourag¢ cach other COMMUNITY ACTIVITIES Tli¢ SaLid¢l Cciitsc110sts a wid¢ v1¢ty of activitics p&ovid¢ vital connection and community for different groups within our local community. These include a table tennis club, an Art Club, "Young at Heart" and "Wednesday Get-Together" (for older people) Jolly Tots (for babies and toddlers and their parents/carers), and Friday Fun Club (for Primary age chRldren). There are also seasonal community events at Christmas and Easter, as well as a special community festival week (Sandelfest) in August. MIS SION CO-ORDINATOR Ricky Linton has continued in the role of Mission Coordinator. This role involves helping the chiirch to be more effective in impacting the local neighboiirhood and wider world with the love and message of Jesus. Ricky works closely with the Sandel Centre manager on ayS of connccting thc church to thc local community and thosc who usc thc building cvcry day. He also organised and led a series of meetings of ' Sceptics Cafe, in the autumn for sceptics, seekers and believers interested 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 5tccs liavc givcii carcful coiisidcratioii to the Cliatity Coiilliiissioii foi" Noitlici"ii Ireland's guidance on public benefit. In this way they seek to ensure that the activities have helped to aclll. eve the charity's purposes and provide a benetit to the beneticiaries. 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 major risks.
Pag¢ 5 THE MCF CHARITABLE TRUST LTD FINANCIAL REVIEW Our fmancial support was drawn exclusively from Mountsandel Christian Fellowship. charity no 10005 8. In return Mountsandel Christian Fellowship benefitted from use of the building and the services of staff. Causeway Voluntary Action Trust managed the letting of building facilities to community and other user groups and in return took responsibility for the maintenance and other running costs of the building. Income was £101,800, expenditure was £96,71 O creating a surplus for the year of £5,090. Income rose by £15.669, expenditure reduced by £405, creating a moveinent in funds of £16.074 which is last year's deficit of £1 0,984 plus this year's surplus of £5,090. STRUCTURE, GOVERNANCE AND MANAGEMENT The MCF Charitable Trnst is a company limited by guarantee, registered in North- ern Ireland on 14th October 1999 and a charity re£istered with the Charity Com- mission for Northern Ireland on 8th April 2014. Its goveming documents are its Memorandum and Articles of Association. Thc Dircctors of the Company are also the Charity's Trustees and consist of the persons who are from time-to-time members of the c.ompany. A T)irectnr muqt have confirnied their acceptance of the objects and ethos of the Company and their personal acceptance of the Lord Jesus Christ as Saviour and Lord and belief in thc Doctrines set out in the schcdulc of the Mcmorandum of Association. The trustccb, whu ¢atC dlsu llic dii'cct0l 5 foi tli¢ purposc of company law, who scrvcd during the year were: William Robinson Arthur Williamson Christopher Paul Martin. Dudi¥ Gravcs Pctcr Howe Dolway Johnston None of the trusLcc h< &Y b¢IicfiLial iiitcicst iii tlic company. Two trustecs wcrc also trustCC5 of Mountsandcl Christian Fcllowship. The tniqtees, repnrt was approved by the Board of Trustees on 2025 and signed on behalf of the Trustees by: 8 September CP Martin, Trustee
Page 6 THF, MC:14 C:HAKI'I'AIILE'I'RUST LTD ITrIDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE MCF CHARITABLE TRIIST I.TD I report on the accounts for the year ended 31 January 2025 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 Ireland) 2008. It is my responsibility to: examine thc 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 matt¢rs 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 exam- ination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ircland under section 65(9)(b) of th¢ Charities Act. My 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 account5, atLd secking expl<<t(lo[ rtvffl YOU Llidiily irublccs knoiiL¢illiiiig lY sucli mattcrs. My role is to state whether any material matters have come to my attention giving mc cause for con- cern: l. that the accounting records were not kept in accordance with section 61 of the C.haritieq Act 2. that the accounts do not accord with those accounting records 3. that the accounts do not comply with the accounting rknquircmcnts of the Charities Act 4. that there is further infomation needed for a proper understanding of the accoiints to be reache.d. Independents examinevs stat¢m¢nt I have completed my examination and have no concerns in respect of the matters (l ) to (4) listed above atid, iii CQLlliCCtioii witli followiiig tli¢ Dir¢ction5 of thc Charitics Commission for Northern Ir¢land, I have found no matters that require drawing to your attention. W R C.rymble. Chartered Management Accountants 3 Govcrnors Gatc Lanc Hillsborougb BT26 6AX
Page 7 THE MCF C.HARTTABI,F, TRUS'I. L'I'D STATEMENT OF FINANCIAL ACTIVITIES (including summary income and expenditure account) Unrestricted Unrestricted funds funds 2025 2024 INCOME Donations 101,800 86,000 Interest 131 Total Income 101,800 86,131 EXPENDITURE Charitable activities 96,710 97,115 NET INCOMEI(EXPENDITURE) 5,090 10,984 FUNDS Opening balance Surplusl(Deficit) for the year 5J98 5,090 16,382 (10,984) TOTAL FUIYDS 10,488 5,398
Pag¢ 8 THE MCF CIIARITABLE TRUST LTD BALANCF. STtF,F,T AS AT 31 JAfKuARY 2025 Unrestricted Unrestricted funds funds 2025 2024 FIXED ASSETS Tangible assets 450218 450,218 CURRENT ASSETS Cash at bank 10,488 10,488 5,398 5,398 CURRENf LIABILITIES NET CURRENf ASSETS 10,488 5,398 TOTAL ASSETS LESS CURRENT LIABILITIES 460,706 455,616 CREDITORS: amounts falling due after more than one year NET ASSETS LESS LIABILrrIES 460,706 455,616 FUNDS Opcning balanG¢ Surylusl(Deficit) for the year 455,616 5,090 466,600 (10,984) TOTAL FUNDS 460,706 455,616 These accounts have been prepared in accordance with the provisions applicable to companies subject to thc small companics rcgime 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 accordancc with Scction 476 of the Companies Act 2006. Thc dircctors acknowlcdgc thcir rcsponsibilitics for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. Approved Ld (iuLhoribcd fur issuc by thc boatd on 8 /W 2025 and signcd on its behalf by: CP Martin, TrubL¥c
Page 9 THF MC.F C.HARTTART,F. TRIJST LTD NOTES fformingpari of thefinancial staieinents) Accounting policies Charity infomiation The MCF Charitable Trust is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 6 Knocklynn Road, Coleraine., County Londonderry. B T52 1 WT, United Kingdom. l. l Accounting convention. The accounts have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "Accounting and Rcporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicabIe in the UK and Republic of Ireland (FRS 102)" (as amended for accounting periods commencing from I 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 Updatc Bullctiii I Iiot to prcparc a Statcmcnt of Cash flow5. The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The accounts have bccn prepared under the historical cost convention and certain financial 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 forcscc<iblc futurc. Thus, Lhc Lruslecs LviiLiIiu¢ Lv ddupL ili¥ guiIig uoiiccrlli basis of accounting in preparing the accounts. 1.3 Cliatitablc funds Unrestricted fiinds are available. for iise at the. discretion of the t.rti.qtees in furtherance of their charitable objcLtivcs unlcbb Lhc fundb hdvc b¢¢n d¢bigIidLcd fvr other purposes. Restricted funds are subject to spcLifiL Lundiliuns by dvnurb ¢ib lu hvw Llicy IIi(Ly be used. The purposes 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 condition3 havc bccn mct. thc amounts can bc measured reliably, and it is probable that income will be received. Cash donations are recogniged on receipt. Other donations are recognised once the charity has been notified of the donation. unless performance conditions requir¢ deferral of the amount, income tax recove.rable in relation to donations received linder Girl AILI ui vf knvV¢iiit is 1"cknolIs¢d at tlic tiiiic of tlic doiiatioii.
Page 10 THE MCF CHARITABLE TRUST LTD 1 .5 Kesource.s expended. Expenditure is recognised on an accruals basis as a liability incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure 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 allocated 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 los.8 arising on the disposal of an asset is deterniined as the difference between the sale proceeds and the carrying value of the asset and is recognised in net income / (expenditure) for the year. 1 .7 Impairment of fixed asseis. At each reporting end date, the charity reviews the carrying amounts of its tangible assets to detern]ine whether there is any indication that those assets have suffered an impairnient loss. If any such indication exists, the recoverable iiouiit of tlic assct is cstiiiiatcd to dctci.iiiiiic tlic ¢xt¢iit of tlic Aiiipaiiiiiciit losb (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 c.ash and cash eqLiivalents Cash and cash equivalents 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 incliide debtors and cash and bank balance.s. are Initially measured at transaciion price including Iransaciion 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 future receipts discounted at a market rate of iiitcrcst. FIn]cIal asscts classificd as r¢c¢ivabl¢ witliin oli¢ YC atc iiot ll0115cd. 1.10 Basic financiaL liabilities Basic financial liabilities. including creditors and bank loans are initially recognised at transaction price unles.s the arrangement constitute.£ a financing transactinn, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Page 11 THE MCF CHARITABLE TRUST LTD Trade creditors are obligations to pay for goods or services that have been acquired in t.he nrdinAry cniirse nt- nperati()ns tr()m .suppliers. Amounts payable are cla.8sitied as current liabilities if paymeni is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. 1.20 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Terniination benefits are recognised immediately as an expense when the charity is demonstrably committed to terniinate the employment ot an employee or to provide terniination 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 liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considcrcd to bc rclcvant. Actual rcsults may diffcr from thcsc cstimatcs. 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. DoIiatioiis. No restricted income was received in the current year. Charitable activities. 2025 2024 Statf costs Expenses Bank charges 93,270 3,378 62 96,154 879 82 Total 96,710 97,115