Charity Registratlon No. 101608 Company Reglstratlon No, Nl 020699 (Northern Ireland) MALTA CHARITIES NORTHERN IRELAND (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
MALTA CHARITIES NORTHERN IRELAND (A COMPANY LIMITED BY GUARANTEE) LEGALAND ADMINISTRATIVE INFORMATION Directors MrAnthony Patterson Mr John Wright Secretary MrAldan O'8ri8n Charity Numb6r Northern Ir•land 101608 Company numb•r NI 020699 Reglgter¢d offlGe 7 - 11 Linenhall Stre81 Belfast 8T2 8AA Audltors Walsh O'Brien Harnell 104 Lowei Baggol Street Dublin 2
MALTA CHARITIES NORTHERN IRELAND (A COMPANY LIMITED BY GUARANTEE) CONTENTS Paga Directors, report Independent auditols report Slalemenl of financial activities Balance sheet Notes lo the finanGial slalemenls 8-10
MALTA CHARITIES NORTHERN IRELAND (A COMPANY LIMITED BY GUARANTEE) DIRECTORS, REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 The Directors present their annual report together with the audited financial slalemenls of Malla Charities Northern Ireland { the 'Charity") for the year ended 31st December 2022. The Directors confim) that the Direclovs report and financlal s12temenls of the Charity comply with the current slalulory requlremenls, the requirements of the Charity's governing document and tha provisions of the Sialem8nl of Recommended Pra¢li¢e I"SORP"} "Accounting and Reporting by Charities" applicabl8 lo ¢harilies prepaiing their financial slal@menls in ac¢ordanc8 Wlth the Financial Reporting Standard 102 {FRS 1021. ObJectlvo8 and actlvltlfrs The principal a¢llvily of the company Is the holding of assets on behalf of and the promotion of the ¢harilabl8 objects of the Irish Association of tho Sovereign Military Ord8f of Malla and lo apply such assgts for ¢haritable purposes. The company is Ilmlled by guarante8 not havlng a share capllal. In sotting objectives and planning for aclivllias, the Directors have given due conslderation to general guldance published by the Charily Commlsslon relating to publlc benefit, Includlng th8 guidance 'Public benefit.. running a charity IP821'. Achievements and perfomiance Flnanclal rèvl?w The surpluslldeficit} for the year amounted to £Nil {2021.' £ -10,323). Structurep governance and managamont Malla Charities Northern Ire18nd 13 registered as a charitabla company limited by guarantee incorporated in the United Kingdom. Thero have been no changes in the objectiv88 Since the last Direclor8' Report and Financial Slalemenls. The trustees, who are also the directors for the purpose of company law. who served during the year and up to the dale of slgnalure of the financSal slal8menls wèr8.. Mr Anthony Patterson r John Wright Mr Desmond Carroll Mr Declan Downey Mr Patrick Clyne Mr Rl¢hard De Stacpoole {Resigned 5 March 2022) IRellred 2 Nov8mb6r 20221 (Retired 2 November 20221 (Rered 2 November 20221
MALTA CHARITIES NORTHERN IRELAND (A COMPANY LIMITED BY GUARANTEE) DIRECTORS, REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 Statemènt of Directors. responsibilities The trustees, who are also the directors of Malla Charities Northern Ireland IA company Ilmiled by guarantee) for the purpose of company law, are responsible for preparing the Directors. Report and the financial statements in accordance with applicable law and United Klngdom Accounting Standards Iuniled Kingdom Generally Accepl8d Accounting Practice}. Company Law requires the Directors to prepare finan¢ial statements for each financial year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable ¢ompany for that year. In preparfng these financial stslements. the Directors are requlred lo: $&le¢l suitable ac¢ounllng policies and then apply Ihem Consistently.. observe the m81hods and principles in the Charities SORP.. make judgements and eslimales that are rga50nable and prudent; slate whelh&r applicable UK Accounting Standards have been followed, Subject lo any material dgpartures disclosed and explained in th8 financiol slaternenls., and prepare the financial slalements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Directors are rasponsible for keeping adequate aecounling records that disclose wllh reasonable accuracy at any lime the financial position of the charity and 8nablg them lo ensure that th8 financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for lakSng reasonable steps for the prevention and delectlon of fraud and other irregularities. Audltors Walsh O'Brien Harnelt. ICh8rt&red Accounlan151. have expressed their willingness lo conlSnue In office accordanc8 with the provisions of Section 485 of the Compani6s Act 2006. Prlnclpal risk$ and uncertalntles The Charlly holds assets on behalf of the Irlsh Association of th8 Soverelgn MS1I18ry Ord&r of Malla. The risks associatèd with those asgets are closely monitored by tha Directofs with current Ir8nds bèing r8viewed on an ongoing basis. Th8 Directors are satl8fied that $y$lgm$ and procedures are in pla¢• lo miligale again81 exposu to the major risks. Dlsclosure of Informatlon to audltor$ Each of the persons who are Directors al th8 time when this Directors, Report is approved has confirmed that so far as thai director Is awar•, there is no relevant audit Infomalion of whlch the charlly's audllors ar8 unawar8, and that the Director has lak8n all the steps that ought lo have been taken as a Director in order lo be aware of any relevant audit information and to establish that the ¢harity's auditors are aware of that infomialion. The flnaneial statements wer9 approvgd by the board of dlredors and authorlsed for Issue on 15th July 2023 and Signed on Its bèhalf by: Mr Anthony Pattorson Director Mr John Wrlght Director
MALTA CHARITIES NORTHERN IRELAND (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MALTA CHARITIES NORTHERN IRELAND (A COMPANY LIMITED BY GUARANTEE) Oplnlon We have audlted the financlal statements of Malta Charities Northem Ireland (A company limited by guarantèel Ilhe 'charity'l for the year end8d 31 Decèmber 2022 whSch compiise the slalemenl of financial aclivilies, the balance sheet and the notes lo the financial stalemenls, including significant accounting policies. The frnan¢ial reporting fr8mework that has been applied in their preparation is applicable law and United Kingdom A¢¢ounling Standards, including FRS 102 Th8 Financial Reporting Stand8rd applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Pracllce}. In our opinlon, tha financial stalemenl$'. glve a Iru6 and lair view of the slate of the charitable company's affairs as al 31 December 2022 and of Ils Incomlng r050urces and applS¢alion of resources. for the year then ended., have been properly prepared in accordance with the Slalemenl of Recommended Pra¢ll¢e ISORPI Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191. have been pr8pared in accordance with the requirements of the CharS1ies Act 2011 and Companles Act 2006. Basis for oplnlon We conducted our audit In 8ccordance with Internation81 Standards on Auditing IUKI IISAS IUKI) and applicable law. Our responsibilities under those standards are further described in th8 Auditor's r8sponsibilities for the audit of the linancial statoments section of our raport. We are independent of the charity in accordance with the ethical requirements that are relevant lo our audit of the financial slalemenls in th8 UK, including Ihe FRC'S Elhic81 Standard, and w• have fulfilled our other ethical responslbllilies in accordance wllh these requbremenls. We belleve that th6 audit evidence we hav8 obtained is sufficient and appropriate lo provido a basis for our opinion. Concluslons relatlng to golng ¢oncorn In audillng the financial slalemenls, we have concluded that the Dir&clors' use of the going concern basis of accounting in the preparation of the financial slalemenls is appropriate. Based on the work we have performed, we have not idenlifted any malerfal uncartslnties relating lo events or conditions that, individually or collectively, may ¢asl significant doubt on the charity's ability lo continue as a going concern for a period of al least twelv$ months from when the financial statements are aulhorised for issue. Our r•sponsibililies and the responslbililies of the Dlreclors wllh raspect lo going concem are d¢s¢ribed in the relévant section$ of this report. Other Inforniatlon The other information comprises the information included in the annual report olh&r than the financial statements and our auditor's report Ihereon. The Dire¢lors are responsible for the other information contained within the annual report. Our opinion on the financlal slalemenls does not cover the other information and we do not expre55 any form ol assurance conclusion Ihereon. Our responsibilily is lo read the olhgr information and, in doing so, consider whether the other information is materially in¢on5islenl with the financial statements or our knowledge obtained in Ihe Course of the audit. or otherwise appears to be mal8rially misslaled. If we idenlify such material inconsistencies or apparent material misslalements. wo are required to delermlne whether this gives rise to a malerfal missialemenl in the financial statements Ih8mselvos. If, based on the work we have perfomied, we conclude that there is a mal8rial misstalemenl of this other information. we are required to report that fact. We have nothing lo report in this regard.
MALTA CHARITIES NORTHERN IRELAND (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF MALTA CHARITIES NORTHERN IRELAND (A COMPANY LIMITED BY GUARANTEE) Mattèrs on whleh wè ar6 requirnd to report by exceptlon We have nothing lo report in respect of the following mallers in relation lo which tha Charities Act 2011 require us lo report lo you if, in OUT opinion.. the information given in the finan¢ial statements is inconsislenl In any material respect with the Directors, report, or sufficient accounting re¢ords have not be8n kept,. or the financial statements a not In agreement with the accounllng ro¢ords', or we have not recelved all the inforniation and 8xplanallons we qUIre for our audil. Responslblllties of Dlre¢tor$ As oxplained more fully in the stal8ment ol Directors. responsibilitie3, the Iruslees, who are also Ihg directors of the Charity for the purpose ol company law, are responsib19 for the preparation of the financial slalemenls and lor being sallsfigd that they glve a true and lair view, and for such inlgrnal control as the Oireclor$ determine 55 necessary lo enable the preparation of financial statements that are free from malenal misstalemgnt, whethor due lo fraud or efror. In prepartng the financial slalemen15, the Directors are responsible for assesslng the charity's ability lo conllnue as a golng concern, dlscloslng, as appllcable, mallers related lo golng concern and uslng th6 golng concern basls of accounting un19ss the Directors either intend lo liquldale the charitable company or lo Gease operatlons, or have no reallslic alternative bul lo do so. Audltor's rè$pon8lbllltlas for the audit of the flnanclal statements We have bean appointed as auditor under section 144 of the Chari119s Act 2009 and report in accordance with the Act and relevant regulations fflade or having effect Ihereunder. Our objectives are to oblaln reasonable assurance about wh81her the flnanclal statements as a whole are free from material misstalemenl, whother due lo fraud or 8rror. and to Issue an audilols report that includes our opinion. Reasonable assurance is a high leval of assurance bul is not a guarantee that an audit conducted in accordance with ISAS IUK) will always delect a material misslalemenl when it exists. Misslalemenls can arise from fraud or error and are considered malerlal If, individually or in the aggregate, they could reasonably be expected to Influence the economic decisions of users taken on the basis of these financial sta18ments. The extent lo which our proc•dures are capable of detecting irregularities, including fraud. 1$ detailed below. A further description of our responsibilities is avaSlable on the Financlal Reporting Councll's webslle al.. hllps:11 w.frc.org.uklaudilorsresponsibililies. This description forms part of our audilorfs report. Oplnlon on other matter prescrfbad by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audll: the information giv&n in the Directors, Annual Report for tho financial year for which the linancial statements are prepared is consistenl with the financial slalements.. and the D1ClorS Annual Report has been prepared in accordance with the applicable legal r8quirements.
MALTA CHARITIES NORTHERN IRELAND (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF MALTA CHARITIES NORTHERN IRELAND {A COMPANY LIMITED BY GUARANTEE) This report is made solely to the charity's trustees, as a body, in a¢¢ordan¢e with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to stste to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibilty to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed. Andrew Kevltt (Sènior Ststutory Auditor) for and on bohalf of Walsh O'Brlen Harnètt Chartered Accountants and Statutory Audit Firm 104 Lower Baggot Street Dublin 2 17 July 2023
MALTA CHARITIES NORTHERN IRELAND (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022 Unrestricted Unreslricled funds funds 2022 2021 Notes endilure on. Charitable aclivitles 10,323 Net Incomel(exp•ndlturoI lor the yèarl Not mov•mont In funds 110,323} Fund balances al 1 January 2022 130,000 140,323 Fund balanG?s at 31 Dec•mber 2022 130.000 130.000 Th8 slalement of financial activities Includes all gains and losses recognised in the year. All incomg and expenditure derive from Gonlinuing activities. The slal&menl of financial activities also complles wllh the requirements for an Income and exp8nditure account underthe Companies Act 2006.
MALTA CHARITIES NORTHERN IRELAND (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET AS A T 31 DECEMBER 2022 2022 2021 Notas Flxèd assets Tangiblé assets 130,000 130,000 Fund$ Unr8slricted funds 130.000 130.000 130,000 130,000 Thes8 financial slal8menls have been prepared in ac¢ordan¢e with the provisions appllcabla to companles sublect lo the small companies regime. Th• flnanclal statements were approved by the board ol dlrectors and authorlsed for18sue on 15th July 2023 and $lgned on Its behalf by: Mr Anthoyy Patterson Dlrector Mr John Wrlght Dlrector Company Re9iStratlon No. Nl 020699 Tho nol6s on pago$ 7 10 10 form part of tha financial statements
MALTA CHARITIES NORTHERN IRELAND (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Accountlng poli¢i?s Charlty Informatlon Malla Charities North8m Ireland IA company limilad by guarante81 is a private company limitèd by guarantee incorporated in Northern Irel8nd. 7 - 11 Linenhall Slr8el, Belfast, BT2 8AA is the registered offic8 of the company. The nature of thé ¢ompany's operations and ils principal aetivili¢s are sel out in th8 Directors, Report. The financial slalemenls have been presented in Pound Sterling 1£) which is also the fun¢lional currency of the company. 1.1 Aecountlng conv•ntlon The financi81 slalemenls have been prepared In a¢¢ordan¢e with the Companies Act 2008 and 'Ac¢ounling and Reporting by Charities.. Sialeinenl of Recommendgd Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK IFRS 102} leffeclive 1 January 20191" The charity Is a Public Benefit Entity as defined by FRS 102. The flnancial statements have boen prepared under the hislorlcal cost convention, modified lo Include the revaluation of fr8&hold properties and lo include inv&stmenl properlios and certain financial instruments at fair value. The principal accounting policies adopted ar8 sol out below. 1.2 Golng conGern Al the lime of approving the lin8ncial slalements, the Directors have a reasonable expectation that the charity has adequate resources lo continue in operational existence for a pariod of at least 12 months from the dale of approval. Thus the Directors continue lo adopt the going concern basi5 of accounting in preparing the flnanGial statements. 1.3 Charitab10 funds Unreslricted funds are avallable for use al the discrellon of Ihe Directors In furtherance of thelr charitable obj6clives. Restricted funds are subject lo specific conditions by donors as to how they may be used. Tho purposes and uses of thè reslricled funds ar• set out in the notes lo the financial stalemenls, Endowment funds are subject lo speciflc condlllons by donors that the capital must be mainlalned by the charity. 1.4 Tangible flxed a$$•ts Tangible fixed as$els ale initially measured at cost and $ubsequently measured at cost or valuation, net of depreciation and any impairnienl108se8. The gain or loss arising on the disposal of an asset is detemiined as the differonce betsveen the sale proceeds and the carying valu• of the asset, and is recognised in the stalom¢nl of financial actlvllies, 1.5 Impairment of fixod assgts At each reporting end dale, the charity reviews the carrying amounts of ils tangible assets to delem)ine whether there is any indication that those assets have suff8red an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine Ihe extent of the impairment loss lif any). 1.6 Cash and cash equivalgnts Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-tem liqvid Investments with original malurilies of three months or less, and bank overdrafts. Bank overdrafts a shown within borrowings in current liabilities.
MALTA CHARITIES NORTHERN IRELAND (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2022 Accountlng policiès (Continuedl Baslc flnanclal a$sgts Bas financlal assets, which include debtors and Cash and bank balances, are initially measured at Iransaclk)n price including transaclion costs and are subsequently carried at amortlsed cost using the effective interest mglhod unless the arrangem8nl conslilules a financing Iransaclion, where Ihe transaction is measured al the present value of the future receipts discounted al a market rale of interest. Financial assets classified as receivable within one year are not amorlised. 8aslc flnanclal Ilabllltl•$ Basic financial liabilities, including creditors and bank loans are Snilially recognl$ed al transaction price unless the arrangement con51ilutes a financing Iransaclion, wher8 the debt Ixslrumenl Is measured al the presonl value ol tho future payments discounted al 8 markét rate of Interest. Financial liabilities classified as payable wllhln one year ar8 not amortlS8d. Debt Instrum8nts ar8 subsequently carried at amortised eost, using the effective inleresl rale method. Trade creditors are obligations to pay lor goods or services that hav8 bean 8equlred In the ordlnary cour$8 of operations from suppliers. Amounts payable ar8 classified as eurrenl Ilabililies if payment is due within one year or less. If not, they are presented as non-currenl liabilities. Trade cr8dilors are recognised initially at Ir8nsa¢lDn pric8 and subsequently measured at amortised c03t using the eff8clive inleresl method. Dor•cognltion of Ilnanclal118billti&s Financial Irakn'lilies are derecognised when the ¢harity's Gonlraclual obligations expire or are discharged or cancelled. Crltlcal accountlng estlmate5 and ludgerngnts In the application of the charity's accounting policies, the Directors are required lo make judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The eslirnates and associated assumptions are based on histtsrical experience and other factors that are considered to be relevant. Actual results may differ from these eslima18S. The estimates and underlying a$$umplion$ are reviewed on an ongoing basi8. Revisions lo accounting 6slimat8s aro recognised in the period in which the estimate 15 revised where the revision affects only th81 period, or in the period of th& revision and future periods where the revision affects both current and future periods. Charltablo a¢tivltl•¥ 2022 2021 Impairment 10,323
MALTA CHARITIES NORTHERN IRELAND (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Tanglble flxed assèts Fr¢•hold land and bulldlngs Cost Al 1 January 2022 130.000 Al 31 December 2022 130,000 Carrying amount Al 31 Decemb8r 2022 130,000 At 31 D&cember 2021 130,000 Evgnts after the reportlng dat• There have been no Significant events affecting the company since Ihe flnanclal period-end. Rglated party transa¢tlon$ Property and assets held by the Irish Sovorelgn Military Order of Malla Ilhe "Assoclalion") have been vested in Malla Charili&s Northern Ireland Ilhe "company'l which has been created for the purpose of holding such property. Tha Directors of Malla Charities Northern Ireland are Officers and Members of the association. The cc*mpary holds such propety in trust on behalf of the Association. staff costs The ccmpany has no employ88s other than Directors, who did not receive any remuneration. benefit in kind or reimbursgmenl of expenses during the year12021: £Nill. Approval of flnanclal stat8m•nts The dir•¢tors approved the financlal $tatem•nls on the 15 July 2023. 10