Mourne Stimulus Limited
ri
bl
om
Limited b Guarantee
EPORT OF THE TRUSTEES for the
ear end
l March 2024
The Directors, who are the trustees for the purpose of charity law, have pleasure in presenting
their report and the audited financlal statements of the charitable company for the year ended
31 March 2024.
The flnancial statements have been prepared In accordance with the Statement of
Recommended Practice "Accounting and Reporting by Charities" (FRS 102) and the Companies
Act 2006.
Reference and Administration Detalls
The reference and administration details of the charitable company are as shown on page 2.
Objectives and Activities
Mourne Stimulus Limited is committed to provlding a high quality day care service for adults
with a learning disability. This is catered for by providing a range of day care attivities 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
ach ieve thei r full potential
To support their parents and carers
To advocate for them
To help develop an envlronment that understands thelr needs, respects thelr human
right5 and recognises their contribution.
Publlc Beneflt statement
The Director5 of Mourne Stimulus Limited confirm that they have cornplied with their duty under
section 4(6) of the Charities Act (Northern Ireland) 2008 to have regard to the Charity
Commisslon for Northern Ireland's guldance on public benefit and that the public benefit
requlrement has informed the activities of the charitable company In the year ended 31 March
2024.
Achievements and Performance
Charitabl
ivlties
The Daycare Centre has continued to provide suitable servlces and actlvlties designed to
maxlmlse the potential of attendees and has further developed the Garden Project durlng the
year.
Internal and external fac
ors
In consultation with Southern Health and Social Care Staff Mourne Stimulus continues to offer
Attendees either full time or part time hours depending on their individual assessed needs.
CavanaghKellyi Chartered Accountants & Statutory Auditors
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Mourne
Ch
ri
timulus Limi
ed
Limite
ar
ee
PORT
HETR
ST
ES for th
ear
Conti
Financial Review
Financial Performance
The financial performance was in line with the Board of Director's expertations. The charitable
company remains in a sound financial position at the year end. The results for the year are set
out in detail on pages 11 to 25. The charitable company made net outgoing resources for the
year of £12,109 (2023
net outgoing resources of £37,045).
At 31 March 2024, the total funds of the charity amounted to £510,492 (2023: £522,601)
comprising restricted funds of £174,904 (2023.. £(32,976)), designated funds of £112,115
(2023.. £112,115) and unrestricted funds of £223,473 (2023.. £443,462). Principal sources of
funding and how this has supported the key objectives of the charitable company are disclosed
in the notes to the financial statements.
Reserves Policy
The charitable company has no free reserves at the year end. The Directors believe that It is
prudent to work towards holding 6 months funding.
The main reason for holdlng reserves is to ensure that the charity has enough resources to fund
the programmes It is supporting and to meet any emergencies that may arise. For this purpose
the charitable company Is holding £112,115 in deslgnated funds (2023., £112,115).
Rlsk Management
The Board of Direttors has conducted a revlew of the key risks faclng the charity and has
established a strategic plan and procedures to manage those risks. Continuous external risks in
relation to funding have led to the development of a structured approach which allows for the
longer-term diversification of funding and actlvities. Internal rlsks are minlmised by the
implementation of procedures for authorisation of all transaction5 and projects and to ensure
consistent quality of delivery for all operational aspects of the charity.
Future Plans
It remains the Boards wlsh to develop further projects for the attendees as well as seeking
additional funding for the Daycare servlce.
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 of
£23,541 have been set aside specifically for this project.
CavanaghKellyi Chartered Accountants & Statutory Audltors
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Mourne Stimulus Limit
char.ta
an
nt
REPORT
E TRUSTEE
for
ear
31 March
024
Con
structure, Governance and Management
The charitable company is a company limited by guarantee, not having a share capital.
The charitable company was established under a Memorandum of Association which established
the objects and powers of the charitable company and is governed under its Articles of
Association.
In accordance with the Articles of Association, the members to retire by rotation shall be those
who have been longest in office since their last election, and the relevant motion will be put
forward at the Annual General Meeting. A retiring member shall be eligible for re-election.
The charitable company is governed by the Board of Directors. None of the Directors have any
beneficial interest in the charitable company. Any person wishin9 to become a dlrector must
apply in writing prior to the annual general meeting. A vote is then taken at the annual general
meeting as to whether that person is appointed.
Dlrectors
The Director5 durlng the year are the same as the Dlrectors as listed on page 2.
Taxation Status
The charitable company is recognised as a charity by HM Revenue & Customs. Accordinglyi the
charitable company has availed of the exemptions contained in Chapter 3 Part 11 Corporation
Taxes Act 2010 and Section 256 Taxation of Chargeable Gains Act 1992.
Directors. Responsibilities
The Dlrectors are responsible for preparing the financial statements In accordance with
appllcable law and United Kingdom Accounting Standards (United Klngdom Generally Accepted
Accounting Practice).
Company law requires the Dlrectors to prepare flnancial statements for each financial year
which give a true and fair view of the state of the affairs of the charitable company and of the
incoming resources and applicatlon of resources, including the Income and expenditure, of the
charitable company for that year. In preparlng these financlal statements the Dlrectors are
required to:
select sultable accounting pollcies and apply them consistently.
observe the methods and principles in the Charities SORP (FRS 102);
make judgements and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any
material departures disclosed and explained in the financial statements, and
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charitable company will contlnue in operation.
The Directors are responsible for keeping adequate accountlng records that disclose with
reasonable accuracy at any time the financial positlon of the charitable company and enable
them to ensure that the financial staternents comply with the Companies Act 2006. They are
also responsible for safeguarding the assets of the charitable company and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
CavanaghKellyi Chartered Accountants & Statutory Auditors
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rn
Stimul s L'mited
ar"table C
Lim
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REPO
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Conti
statement of Disclosure of Information to Auditor
In so far as the Directors, who held office at the date of approval of these financial statements,
are aware..
there is no relevant audit information of which the charitable company's auditor is unaware;
and
the Directors have taken all steps that they ought to have taken to make themselves aware of
any relevant audit information and to establlsh that the auditor is aware of that information.
Small Companies Exemption
The above report has been prepared in accordance wlth the special provlsions relating to small
companies wlthin Part 15 of the Companies Art 2006.
This report was approved by the Board of Directors on 19 December 2024 and slgned on its
behalf by..
Registered offlce:
I Council Road
Kllkeel
Co. Down
BT34 4NP
&A
G Nicholas
TRUSTEE
io
CavanaghKellyi Chartered Accountants & Statutory Audltors
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