# **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: - 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 - state whether particular matters have come to my attention. ## **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 - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. 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