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2023-03-31-accounts

REGISTERED COMPANY NUMBER: NI029812 (Northern Ireland) REGISTERED CHARITY NUMBER: XR17090

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Mourne Stimulus Limited

E M Sheehan Limited Chartered Certified Accountants T/A E M Sheehan & Co 30A Greencastle Street Kilkeel Co. Down BT34 4BH

Mourne Stimulus Limited

Contents of the Financial Statements for the Year Ended 31 March 2023

Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4 to 5
Statement of Financial Activities 6 to 7
Balance Sheet 8 to 9
Notes to the Financial Statements 10 to 24
Detailed Statement of Financial Activities 25 to 27

Mourne Stimulus Limited

for the Year Ended 31 March 2023

Report of the Trustees

The trustees, who are also directors for the purposes of company law, present their report and the unaudited financial statements of the company for the year ended 31 March 2023.

OBJECTIVES AND ACTIVITIES

Objectives and aims

Mourne Stimulus Limited is committed to providing a high quality day care service for adults with a learning disability. This is catered for by providing a range of day care activities which provides a focused learning and development tool for the attendees.

The aims of the company are as follows:

-To provide quality service to adults with learning disabilities which enable them to achieve their full potential

-To support their parents and carers

-To advocate for them

-To help develop an environment that understands their needs, respects their human rights and recognises their contribution.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The Daycare Centre has continued to provide suitable services and activities designed to maximize the potential of attendees and has further developed the Garden Project during the year.

Funds raised through Mourne Stimulus Thrift Shop which had been previously restricted can now be used to fund the furtherance of the objects of Mourne Stimulus Limited after the passing of a special resolution on the 21 April 2021.

Page 1

Mourne Stimulus Limited

Report of the Trustees

for the Year Ended 31 March 2023

ACHIEVEMENT AND PERFORMANCE

Internal and external factors

The Centre had reopened under reduced hours for attendees on a half day basis. all attendees have now returned full-time.

During the past couple of years Mourne Stimulus has been negotiating with SHSCT regarding additional recurrent funding for the Centre. At the end of March 2021 a new contract was finalized by both parties. The new Contract was to commence on the 1st October 2021. On this date ILF and Direct Payment funds ceased.

The Criteria for the new contract was based on the individual assessed needs of each Attender.

After examining the previous 5 years accounts regarding payments to transport provider it was felt that we could provide a more cost effective service ourselves. This was agreed at a Board meeting. After breaking down the running costs, driver wages, fuel, insurance etc it proved Mourne Stimulus would be better off financially over a 5 year period, and the minibus is now an asset to Mourne Stimulus. This has also given us the ability and flexibilityto provide social and community inclusion for our attenders at a minimal cost.

FUTURE PLANS

It remains the Boards wish to develop further projects for the attendees as well as seeking additional funding for the Daycare service.

Furthermore, it is still the intention of the Board to expand the range of services to include the provision of a purpose built Therapeutic Work Hub. This will necessitate the procurement of additional funding to ensure that such a service can be developed to provide Day Opportunities for attendees. A Sensory Garden project is also going to be progressed and funds have been deferred in the current year of £23,541 specifically for this project.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Mourne Stimulus Limited is a company limited by guarantee which is overseen by a board of trustees.

The day to day running of the company is undertaken by a Daycare Manager who is directly responsible to the Board Chairperson as the Registered Provider.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

NI029812 (Northern Ireland)

Page 2

Mourne Stimulus Limited

Report of the Trustees

for the Year Ended 31 March 2023

Registered Charity number

XR17090

Registered office

1 Council Road Kilkeel Co. Down BT34 4NP

Trustees

Mrs K Campbell Mrs M Morris G Hanna Ms C Cranston Ms L Campbell Ms M Haugh Ms D Ballie Mrs K Hanna (appointed 21.6.22) G Mitchell (appointed 21.6.22) G Nicolas (appointed 21.6.22)

Company Secretary

G Nicolas

Independent Examiner

E M Sheehan Limited Chartered Certified Accountants T/A E M Sheehan & Co 30A Greencastle Street Kilkeel Co. Down BT34 4BH

Approved by order of the board of trustees on 22 August 2023 and signed on its behalf by:

G Nicolas - Trustee

Page 3

Independent Examiner's Report to the Trustees of Mourne Stimulus Limited

I report on the accounts of the company for the year ended 31 March 2023, which are set out on pages six to twenty four.

Respective responsibilities of charity trustees and examiner

As the charity's trustees (and also the directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006.

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 the 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.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants which is one of the listed bodies.

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.

Page 4

Independent Examiner's Report to the Trustees of Mourne Stimulus Limited

Una Lindsay FCCA

E M Sheehan Limited Chartered Certified Accountants T/A E M Sheehan & Co 30A Greencastle Street Kilkeel Co. Down BT34 4BH

22 August 2023

Page 5

Mourne Stimulus Limited

Statement of Financial Activities for the Year Ended 31 March 2023

Notes
INCOME AND
ENDOWMENTS FROM
Donations and legacies
Other trading activities
2
Investment income
3
Total
EXPENDITURE ON
Raising funds
4
Charitable activities
Day Care Centre
Overheads
Horticulure Centre
MS Shop
Other
Total
NET
INCOME/(EXPENDITURE)
Transfers between funds
16
Net movement in funds
RECONCILIATION OF
FUNDS
Total funds brought
forward		 Unrestricted
funds
£
(4,511)
95,996
(3,172)
88,313
7,584
-
615
-
4,170
12,369
75,944
(75,944)
-
443,462		 Restricted
funds
£
410,151
-
-
410,151
-
455,468
-
-
67,672
523,140
(112,989)
75,944
(37,045)
4,069		 Endowment
fund
£
-
-
-
-
-
-
-
-
-
-
-
-
-
112,115		 31.3.23
Total
funds
£
405,640
95,996
(3,172)
498,464
7,584
455,468
615
-
71,842
535,509
(37,045)
-
(37,045)
559,646		 31.3.22
Total
funds
£
367,021
82,136
10,734
459,891
6,628
404,984
-
771
88,384
500,767
(40,876)
-
(40,876)
600,522

The notes form part of these financial statements

Page 6

Mourne Stimulus Limited

Statement of Financial Activities for the Year Ended 31 March 2023

Notes
TOTAL FUNDS
CARRIED FORWARD		 Unrestricted
funds
£
443,462		 Restricted
funds
£
(32,976)		 Endowment
fund
£
112,115		 31.3.23
Total
funds
£
522,601		 31.3.22
Total
funds
£
559,646

The notes form part of these financial statements

Page 7

Mourne Stimulus Limited

Balance Sheet

31 March 2023

Unrestricted
Restricted
funds
funds
Notes
£
£
FIXED ASSETS
Tangible assets
10
175
190,367
Investments
Investments
11
118,464
-
Investment property
12
223,305
-
341,944
190,367
CURRENT ASSETS
Debtors
13
325
-
Cash at bank and in hand
14
114,734
(202,764)
115,059
(202,764)
CREDITORS
Amounts falling due within
one year
15
(13,541)
(20,579)
NET CURRENT
ASSETS/(LIABILITIES)
101,518
(223,343)
TOTAL ASSETS LESS
CURRENT
LIABILITIES
443,462
(32,976)
NET ASSETS
443,462
(32,976)
FUNDS
16
Unrestricted funds
Restricted funds
Endowment funds
TOTAL FUNDS		 31.3.23
Endowment
Total
fund
funds
£
£
-
190,542
-
118,464
-
223,305
-
532,311
-
325
112,115
24,085
112,115
24,410
-
(34,120)
112,115
(9,710)
112,115
522,601
112,115
522,601
443,462
(32,976)
112,115
522,601		 31.3.22
Total
funds
£
204,828
126,156
223,305
554,289
4,841
48,389
53,230
(47,873)
5,357
559,646
559,646
443,462
4,069
112,115
559,646

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The notes form part of these financial statements

continued...

Page 8

Mourne Stimulus Limited

Balance Sheet - continued 31 March 2023

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 22 August 2023 and were signed on its behalf by:

G Hanna - Trustee

G Nicolas - Trustee

The notes form part of these financial statements

Page 9

Mourne Stimulus Limited

Notes to the Financial Statements for the Year Ended 31 March 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 20% on reducing balance Computer equipment - 33% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

continued...

Page 10

Mourne Stimulus Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

1. ACCOUNTING POLICIES - continued

Fund accounting

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. OTHER TRADING ACTIVITIES

Income From Picture Framing
Shop income
Donations
Dinner Monies
Transport & Outings
Horticulture & Crafts
Golf Classic
Attenders Activities & Raffles		 31.3.23
£
2,449
31,859
17,675
20,064
1,957
7,576
7,630
6,786
95,996		 31.3.22
£
1,966
32,891
15,721
14,438
150
5,783
5,359
5,828
82,136

3. INVESTMENT INCOME

Rents received
Increase Value of Investment		 31.3.23
£
3,350
(6,522)
(3,172)		 31.3.22
£
3,850
6,884
10,734

continued...

Page 11

Mourne Stimulus Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

4. RAISING FUNDS

Raising donations and legacies
Support costs
Investment management costs
Support costs
Aggregate amounts
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets		 31.3.23
£
7,584
31.3.23
£
-
7,584
31.3.23
£
16,455
31.3.22
£
4,717
31.3.22
£
1,911
6,628
31.3.22
£
18,749

5. NET INCOME/(EXPENDITURE)

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.

continued...

Page 12

Mourne Stimulus Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

7. STAFF COSTS

The average monthly number of employees during the year was as follows:

All Staff 31.3.23
23		 31.3.22
20

No employees received emoluments in excess of £60,000.

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
Other trading activities
76,577
Investment income
10,734
Total
87,314
EXPENDITURE ON
Raising funds
6,628
Charitable activities
Day Care Centre Overheads
-
MS Shop
1,346
Other
5,762
Total
13,736
NET INCOME/(EXPENDITURE)
73,578
Transfers between funds
(73,577)
Net movement in funds
1
RECONCILIATION OF FUNDS
Total funds brought forward
443,463		 Restricted
funds
£
367,018
5,559
-
372,577
-
404,984
(575)
82,622
487,031
(114,454)
73,577
(40,877)
44,944		 Endowment
fund
£
-
-
-
-
-
-
-
-
-
-
-
-
112,115		 Total
funds
£
367,021
82,136
10,734
459,891
6,628
404,984
771
88,384
500,767
(40,876)
-
(40,876)
600,522

continued...

Page 13

Mourne Stimulus Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

continued
TOTAL FUNDS CARRIED
FORWARD		 Unrestricted
funds
£
443,464		 Restricted
funds
£
4,067		 Endowment
fund
£
112,115		 Total
funds
£
559,646

9. NET INCOME BREAKDOWN SURPLUS/ (DEFICIT)

31.03.23 31.03.22
£ £
Mourne Stimulus Operational -29,664 -42,539
Thrift Shop / Holiday Home 310 -3,309
Investment -7,691 4,972
Net Profit / (deficit) -37,045 -40,876
======= =======

The above is after £24,490 was transferred from Thrift Shop / Holiday Home to MS Operational to cover costs. Without this transfer the lost on MS Operational would have been £54,154 for the year.

continued...

Page 14

Mourne Stimulus Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

10. TANGIBLE FIXED ASSETS

COST
At 1 April 2022
Additions
Grants
At 31 March 2023
DEPRECIATION
At 1 April 2022
Charge for year
At 31 March 2023
NET BOOK VALUE
At 31 March 2023
At 31 March 2022		 Freehold
property
£
151,511
-
(1,500)
150,011
3,373
2,802
6,175
143,836		 Plant and
machinery
£
51,415
85
-
51,500
10,283
8,243
18,526
32,974		 Fixtures
and
fittings
£
45,619
2,032
(599)
47,052
31,680
3,074
34,754
12,298		 Computer
equipment
£
7,493
2,151
-
9,644
5,874
2,336
8,210
1,434		 Totals
£
256,038
4,268
(2,099)
258,207
51,210
16,455
67,665
190,542
148,138 41,132 13,939 1,619 204,828

11. FIXED ASSET INVESTMENTS

MARKET VALUE
At 1 April 2022
Revaluations
At 31 March 2023
NET BOOK VALUE
At 31 March 2023
At 31 March 2022		 Listed
investments
£
126,156
(7,692)
118,464
118,464
126,156

There were no investment assets outside the UK.

Page 15

continued...

Mourne Stimulus Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

11. FIXED ASSET INVESTMENTS - continued

The original investment was which was previously restricted can now, as a result of the special resolution passed on 21st April 2021, be used for the furtherance of the objects of Mourne Stimulus.

Cost or valuation at 31 March 2023 is represented by:

Valuation in 2023
Valuation in 2022
Valuation in 2021
Valuation in 2020
Valuation in 2019
Valuation in 2018
Valuation in 2017
Valuation in 2016
Valuation in 2015
Cost
12.
INVESTMENT PROPERTY
FAIR VALUE
At 1 April 2022
and 31 March 2023
NET BOOK VALUE
At 31 March 2023
At 31 March 2022		 Listed
investments
£
(7,692)
4,973
27,070
(10,014)
7,757
(354)
21,425
(13,343)
(4,358)
93,000
118,464
£
223,305
223,305
223,305

Page 16

continued...

Mourne Stimulus Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Prepayments
14.
CASH AT BANK AND IN HAND
Cash in hand
Donation Account
FTB DC
FTB Horticulture
FTB Respite
FTB H House
Total
Cash in hand
Donation Account
FTB DC
FTB Respite
FTB H House
Total		 31.3.23
£
325
General
Horticulural
Unrestricted
fund
Centre
Respite
£
£
£
-
-
-
-
-
-
407,052
28,305
(342,549)
-
(118)
-
-
-
3,854
-
-
18,190
407,052
28,187
(320,505)
31.3.23
Designated
Capital
Extension
Projects
Total
of DC 2021
fund
funds
£
£
£
-
-
97
-
-
885
(2,683)
112,115
1,839
-
-
3,074
-
-
18,190
(2,683)
112,115
24,085		 31.3.22
£		 31.3.22
£
4,841
Day Care
Centre
£
97
885
(200,401)
118
(780)
-
(200,081)
31.3.22
Total
funds
£
217
37,865
4,235
2,445
3,627
48,389

continued...

Page 17

Mourne Stimulus Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Accruals and deferred income
Accrued expenses
16.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Horticulural Centre
Unrestricted Respite
Restricted funds
Day Care Centre
Extension of DC 2021
Endowment funds
Designated Capital Projects fund
TOTAL FUNDS		 At 1.4.22
£
479,893
9,691
(46,122)
443,462
(132,706)
136,775
4,069
112,115
559,646		 Net
movement
in funds
£
57,582
18,672
(310)
75,944
(109,094)
(3,895)
(112,989)
-
(37,045)		 31.3.23
£
9,678
23,542
900
34,120
Transfers
between
funds
£
(100,435)
-
24,491
(75,944)
75,944
-
75,944
-
-		 31.3.22
£
42,683
4,290
900
47,873
At
31.3.23
£
437,040
28,363
(21,941)
443,462
(165,856)
132,880
(32,976)
112,115
522,601

continued...

Page 18

Mourne Stimulus Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

16. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Horticulural Centre
Unrestricted Respite
Restricted funds
Day Care Centre
Extension of DC 2021
TOTAL FUNDS		 Incoming
resources
£
58,099
19,496
10,718
88,313
410,151
-
410,151
498,464		 Resources
expended
£
(517)
(824)
(11,028)
(12,369)
(519,245)
(3,895)
(523,140)
(535,509)		 Movement
in funds
£
57,582
18,672
(310)
75,944
(109,094)
(3,895)
(112,989)
(37,045)

continued...

Page 19

Mourne Stimulus Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

16. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Horticulural Centre
Unrestricted Respite
Restricted funds
Day Care Centre
MS Respite
Extension of DC 2021
Endowment funds
Designated Capital Projects fund
TOTAL FUNDS		 At 1.4.21
£
434,441
9,022
-
443,463
(219,464)
264,408
-
44,944
112,115
600,522		 Net
movement
in funds
£
43,710
4,623
25,243
73,576
(114,574)
-
122
(114,452)
-
(40,876)		 Transfers
between
funds
£
1,742
(3,954)
(71,365)
(73,577)
201,332
(264,408)
136,653
73,577
-
-		 At
31.3.22
£
479,893
9,691
(46,122)
443,462
(132,706)
-
136,775
4,069
112,115
559,646

continued...

Page 20

Mourne Stimulus Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

16. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Horticulural Centre
Unrestricted Respite
Restricted funds
Day Care Centre
Extension of DC 2021
TOTAL FUNDS		 Incoming
resources
£
44,790
5,784
36,740
87,314
355,575
17,002
372,577
459,891		 Resources
expended
£
(1,080)
(1,161)
(11,497)
(13,738)
(470,149)
(16,880)
(487,029)
(500,767)		 Movement
in funds
£
43,710
4,623
25,243
73,576
(114,574)
122
(114,452)
(40,876)

continued...

Page 21

Mourne Stimulus Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

16. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Horticulural Centre
Unrestricted Respite
Restricted funds
Day Care Centre
MS Respite
Extension of DC 2021
Endowment funds
Designated Capital Projects fund
TOTAL FUNDS		 At 1.4.21
£
434,441
9,022
-
443,463
(219,464)
264,408
-
44,944
112,115
600,522		 Net
movement
in funds
£
101,292
23,295
24,933
149,520
(223,668)
-
(3,773)
(227,441)
-
(77,921)		 Transfers
between
funds
£
(98,693)
(3,954)
(46,874)
(149,521)
277,276
(264,408)
136,653
149,521
-
-		 At
31.3.23
£
437,040
28,363
(21,941)
443,462
(165,856)
-
132,880
(32,976)
112,115
522,601

continued...

Page 22

Mourne Stimulus Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

16. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Horticulural Centre
Unrestricted Respite
Restricted funds
Day Care Centre
Extension of DC 2021
TOTAL FUNDS		 Incoming
Resources
resources
expended
£
£
102,889
(1,597)
25,280
(1,985)
47,458
(22,525)
175,627
(26,107)
765,726
(989,394)
17,002
(20,775)
782,728
(1,010,169)
958,355
(1,036,276)		 Movement
in funds
£
101,292
23,295
24,933
149,520
(223,668)
(3,773)
(227,441)
(77,921)

Transfers between funds

£24,490 was transferred between the Thrift Shop and the Day Centre funds.

17. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023.

continued...

Page 23

Mourne Stimulus Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

18. RESTRICTED FUNDS - MOURNE STIMULUS THRIFT SHOP

Funds raised through Mourne Stimulus Thrift Shop were solely for the purpose of purchasing or constructing a building suitable for the provision of short breaks, respite or Residential Care in the area of benefit and to manage said facility upon completion. This has been amended by a Special Resolution passed on the 21st April 2021, these funds will no longer be deemed restricted.

Page 24

Mourne Stimulus Limited

Detailed Statement of Financial Activities for the Year Ended 31 March 2023

INCOME AND ENDOWMENTS
Donations and legacies
Gifts
Donations - Restricted
Independent Living Fund
Trust Funding
Other Grants
Other trading activities
Income From Picture Framing
Shop income
Donations
Dinner Monies
Transport & Outings
Horticulture & Crafts
Golf Classic
Attenders Activities & Raffles
Investment income
Rents received
Increase Value of Investment
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Carried forward		 31.3.23
£
(1)
20,151
-
381,200
4,290
405,640
2,449
31,859
17,675
20,064
1,957
7,576
7,630
6,786
95,996
3,350
(6,522)
(3,172)
498,464
381,355
381,355		 31.3.22
£
-
12,538
28,151
319,513
6,819
367,021
1,966
32,891
15,721
14,438
150
5,783
5,359
5,828
82,136
3,850
6,884
10,734
459,891
318,083
318,083

This page does not form part of the statutory financial statements

Page 25

Mourne Stimulus Limited

Detailed Statement of Financial Activities for the Year Ended 31 March 2023

Charitable activities
Brought forward
Social security
Other
Transport Costs
Centre Outings & Activities
Holiday Home Running Costs
Computer costs
Support costs
Management
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Advertising
Sundries
Rent
Training
Laundry & Cleaning
Catering
Staff Uniform
Repairs & Renewals
Building Expenditure
Freehold property
Plant and machinery
Fixtures and fittings
Computer equipment		 31.3.23
£
381,355
21,797
403,152
9,692
6,295
3,444
1,741
21,172
247
8,130
18,026
1,409
912
89
9,531
1,300
5,031
2,366
21,459
499
12,868
1,152
2,802
8,243
3,074
2,336
99,474		 31.3.22
£
318,083
15,754
333,837
36,700
9,057
3,464
2,968
52,189
160
6,254
14,646
1,588
1,797
265
8,718
1,300
4,381
3,728
16,998
815
12,575
3,048
2,831
10,283
3,485
2,150
95,022

This page does not form part of the statutory financial statements

Page 26

Mourne Stimulus Limited

Detailed Statement of Financial Activities for the Year Ended 31 March 2023

Management
Finance
Bank charges
Governance costs
Accountancy and legal fees
Total resources expended
Net expenditure		 31.3.23
£
1,409
10,302
535,509
(37,045)		 31.3.22
£
1,237
18,482
500,767
(40,876)

This page does not form part of the statutory financial statements

Page 27