Moneyslane Rural Comlnuiiity Hub Company Limited by GuarAntee Annual Report for the year ended 31st July 2024 Registered No: Nl 613542
Moneyslane Rural Community Hub Annual Report for the year ended 31st July 2024 Contents Company infotThation Tnjstees, Report (Incorporating the Director's Repoi't) Report of the independent examiners Statsment of financial activities Balance sheet Notes to the accoiints 8- l2
Moneyslane Rural Community Hub Annual Report for th6 year ended 31st July 2024 Page 1 Coinpany information Charity Name: Moneyslane Rui'al Cominunity Hub Company Registration Number: N1613542 Nl Charity Commission Registration Number: NIC102270 14MRC Chayity Number: XT38423 Registered office and business addre. 6a Moneyslane Road Ball)vard, Castl¢wellan, Co Down, BT319PT Elected Board Members: Leonard James Blakely Geoffiry Cochrane Thomas Jennings Renick Malcolimson Independent Exaininers: Roulston Jardine Chattered Accountants First Floor. 3 Gallows Stiret Dromoi'e BT25 IBG Bankers: Ulstei. Bank 86 Hill Sti'e¢t Newry Co Down, BT34 IBT
Moneyslane Rural Community Hub Annual Report for the year ended 31st July 2024 Page 2 Trustees, Report (IDcorporating the Director's Report) The board pi'esent their i'eport and accounts for tlie year ended 3 1st July 2024, Objects And activities The comp2ny's objects are to pi-omote any charitable purpose foi. the benefit of the community in the Moneyslane ai'ea. Th¢ principal activity of th¢ coinpany iii the pei'iod und¢r I'cvi¢w was the conduct of Moneyslane Rural Coinmunity Hub as a centre to proinote health and w¢ll betng, eiivironmental protection and improvement, advancement of citizenship and community developineiit iii Moneyslane and tlie surrounding are&, Coi'porate governanee Moneyslane Rural Cominunity Hub is a COlT)pany limited by guai'antee and as such Ét does not have shal-e Capital. The company is register¢d with the Jnland Revenue as a charitable body for taxation purposes (Inland Revenue Chaiity No XT38423). The COTmpany is also registered with the Charity Commission Northern Ireland Linder charity nutnbei. NIC102270. The coimpany WAS incorporated oll 9 July 2012 and its governing instriiinent is tlie Memoranduin and Articles of Association. The gov¢i'ning body is the board of whose Ineinbers are also directors for th¢ pui-poses of coinpanies, legislation. Members of the board, who al'e elected by the inetllbers of the Moneyslane Rui'al Community Hub, are listed on page l. Aetounts presentation The Company's accounts have been pitsented this year in the format Set out as best practice by the Accounting and Reporting by Charities: Statement of Recominended Practice applicable to charities accounts in the Ul< and R¢public of Ireland (FRS 102). The Statement of Financial Activities ( SOFA") focuses on showing the total incorning resources which have been made available to the company dui'ing the year and t])e way in which Ihose resources have beeii used, whether as dii'ect chai'iÉabl¢ exp¢iiditure in carrying out and suppoiting the company'5 activities,
Moneyslane Rural Community Hub Annual Report for the year ended 31st July 2024 Page 3 Tru5tees' Report (l]J¢orpor8ting Director's Report) (cont'd) 01- in the management aiid adjninistration of the company itself. The SOFA also shows those incoming resources for11)e year received from soui'ces which plac¢ i'¢sli'ictioiis on the way in which tli¢ ¢ompany can use the funds, and the level of incoming resoui'¢es tliat can be used by the company without restriction, within the coinpany's charitable objccts. Responsibilities of the Bogl'd The trustees al'¢ respoiisible for preparing the ti'uslees, report and tlie financial slatements in accordance witli applicable law and United Kingdom Aceo(Jntiiig Standards (Unit¢d Kingdom Generally Accepted Accounting Pi'actice). Company law requii'es the charity triistees to prepare financial statements for each year which give a tru¢ and fail. view of the state of affairs of the chai'itable coTripany and t]ie incoining E'esoui-ces and application of resolirces, including the income and expenditui'¢, for the peiiod. In preparing these financial stateinents. tlie trustees are requii'ed to: Select suitable accounting policies and then apply theim con5iStently' Observe the methods and principles in the applicable Charities SORP. Make judgements and accounting estitnates that are reasonable and pi'udent-, Prepar'¢ th¢ financial stateTnents on the going concern basis unless it is inappropriate to presume that the chai'ity will continue in business. The trustees are responsible for keeping adeqiiate 8ccounting records that are sufficient to sho1¥ and explain the charitls transactions and disclose with i'easonable accuracy at any tiin¢ the financial position of the charity and enable them to ensure that ihe financial statements coinply with the Companie5 Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Going concern and reserves poli¢y The board consider that the company has adequate resources to continue in business for the foreseeable futui'e, and that for this reason they should coniinue to adopt the going Concern basis in prepai'ing the accouiils.
Moneyslane Rural Community Hub Annual Report for the year ended 31 st July 2024 P2ge 4 Trus¢¢e5' Repoi't (Ineorporating Director's Report} (¢ont'd) Changes in fixed assets The movements in fExed assets dui-ing the p¢riod are set out in note 9 lo the accounts. Risk Management The Trustee Boai'd l)ave revieived the key risks facing the chartty and have established procedures to Inanage those risks. A risk register is niainlatned and regularly reviewed. Independent Ex2mÈners A resolutLOll to re-appoint th¢ independent examiners, Roulston Jai'dine Chartered Accountallts, will be proposed at tlie Annual General M¢eting. Special provisions relating to small companies These accouiits liave been prepared in accordance with the Special Provisions of part 15 of the Conipanies Act 2006 relating to small companies. This rq)ort was approved by the board on 20th March 2025. By order of the Board Thomas Jennings Direetor
Moneyslane Rural Communily Hub Annual Report for the year ended 31st July 2024 Page 5 Independent Examiner's Report to the Ti'ustees ofmoneyslane Rui'al Community Hub I report on the accounts foi- the year ended 31 July 2024 set out on pages 2 to 12. Respective responsibilities of eharity trustees and examinei. As the ehai'ity's tru$tee& you are responsible for the prepai'ation of the aecounts in accordAnce ivith th¢ Cli81'ities Aet {Northei'n li'elRiid) 2008. It is my I'espoilsibility to: exAmine the Accounts under se¢tion 6$ of tlie ehArities Act rollow tho i)rocedui'es laid down in the general Directions given by the Commission undet. 8eetion 65(9)(b) of the Charitles Act state iyliether i)ai'ticulAr inattei's have com¢ to niy attention. BHsis of the independent examiner's report I have examiiied your charity accolints as requii'ed undei. section 65 of the Charities Act and iyty examiiiation was cai'ried oiit in accordance with the genei'al DireLlions given by the Charity Com13S1O for Noithern [rel]d under section 65(9)(b) of the Charilies Act. My examination included a review of tlie accoiinting records kept by the Gharily and a comparison of the accounts pi'esented with tliose I'ecords. It also includtd coiisidei'ation of any unusual items 01- disclosure5 in the gccounts, aiid seeking explaiiations fi'om you as charity ti'ustees concerning any sucl) n)afters. My I'ole is to state whethei any Enaterial mattel's have coiiie to my attentioii giving me cause lo believe.. l. Tl)al accounting records were not kept in accordance with section 63 of the Ch&rities Act 2. Jknat the accounts do not accord with those accounting records 3. Tl)8t ihe a¢¢ounts do iiot coinply with tlie accounting requireiments of the Charities Act 4. 'fhat there is further infom)alion needed for a proper understanding of the accounts to be reached. Independent exavniner's statement I have completed my eXninatiO1) and h&ve no ¢oncei'iis in respect of the matters (l ) 10 (4) listed above ai)d, in connection with followiiig th¢ Dire¢tioiis of the Chai'ity Commission for Northern Ireland. I have fouiid iio mattel's tliat require drawiiig to your 1( tteiition. Alan Roulston FCA RoLtlslon Jardine Chartered AccoutantS First Floor, 3 Gallows Street Di'oiiiore 20di Mairli 2025 Bf25 IBG
Moneyslane Rural Community Hub Annual Report for the year ended 31st July 2024 Page 6 Statement of Finaneial Activities Unrestrieted Restricted funds funds Total 2024 Total 2023 Note Incoming resources Donations and legacies Charitable activilies Total incoming i'esoui'ces 43 25,863 25,906 6,470 6,470 9,081 9,081 15.551 15,551 Resources expended Direct charitable expenditui'e Governan¢e costs Total resource5 expended 5,810 540 6,350 9,081 14,891 540 15,431 30,021 720 30,741 9,081 Net Income 120 120 (4,835) Ti'ansfers between funds Net Inovement in funds 120 120 (4,835) Reconeiliation of movement in fund5 Fund balai)ces at l st August 2023 Net Irjovemeiit in funds foi. the year 22 120 22 120 4,857 (4.835) Fund balance5 at 31st July 2024 142 142 22 All &mounts above relate to the Continuing opei'ations of the coinpany. The company has no i'ecognised gains and losses other than those included above and therefore no sepai'ate statement of total reco]sed gains and losses has been presented. There is no difference between the net movement in funds for the y¢ar stated above, and th¢ii' historical cost equivalents.
Moneyslane Rural Community Hub Annual Report for the year ended 31st July 2024 Page 7 Statement of Financial Position (Balance sheet) Notes 2024 2023 Fixed a55ets 18,698 28,979 Current a55ets Debtors Cash at bank and in hand: Ulstei. Bank CUent ac¢o)Jnt 10 401 401 282 282 Creditoj's: amount5 falling due within one year (18,957) (29,239) Net Current assets (18,556) (28,957) Net assets 142 22 Fulld5 employed Unrestricted funds Restricted funds 142 22 142 22 The fLnancial stateiments have been pi'epared in &ccordance with the provisions of Part 15 of the Coiiipanies Act 2006 relating to sin211 companies For the year ended 31 July 2024, the company wa5 entitled to exeinplion under section 477 of the Coinpanies Act 2006 relating to small coimpanies. No menibeiE have i'equired the company to obtain an audit of its accounts for the year ended 31 July 2024 in accordance with section 476 of the Companies Act 2006. The directors acknowledge ¢lieir responsibility for c017]plying witli the requii'ements of the Act with respect to accounting L'ecoi'ds and for the preparation of accounts. The financial statements were approved by the board of trustees on 20th March 2025 and signed on its behalf by. Thomas Jennings Director Registration number N1613542
Moneyslane Rural Community Hub Annual Report for Ihe year ended 31st July 2024 Page 8 Notes to the accounts l Ac¢ounting polieies Basis of accounting The accounts have been prepared under th¢ historical cost conveiition and in accordance with "The Financial Repoiting Standard applicable in the UK and Repiiblic of Ireland" FRS 102, the Accounting and Reporting by Chaiitie5-. Siat¢inent of Recominended Practice applicable to charities accounts in the UK and Republic of Ireland (FRS 102), the Companies Act 2006 and the Charities Act (Northern IIEland) 2008. Ineoine All incoining resoui'ces are recognised in the Statenient of Financial Activiiies when the conditioiis foi. receipt have been met aiid thei-e is reasonable assurance of receipt. When an incoining resovrce relating to a future accountiiig period is received, the amount is treated as deferred income and it is included within ci'editois ii) the balance sheet. Funds Moneyslane Rural Cominunity Hub has various types of funds for which it is responsible and which requii'e separate disclosure. These are as followg.. restricted income funds-. income which is earmarked by the donor for specific purposes. Such purposes are within the overall aim5 of the oi'ganisation. and uTrrestricled funds- funds which are expendable at the discietion of the management board in fuitherance of the objects of the organisation. In addition to expenditure on education or services. such funds may be held in ol-der to finance capital investment and working capital. Costs Management and adininistration costs relat¢ to the costs off running the organisation such as the Costs of meetings and accountancy and include aiiy costs which cannot be specifically identified to another expenditure classification, Depreciation Depi'eciation is ralculated to wi'ite off the original cost less the estimated residual value of the fixed assets on a sti'aight line basis over their expected usefiil lives, as follows.. Land and property I 00/0 Fixtures and fitliiigs 20Q/o
Moneyslane Rural Community Hub Annual Report for the year ended 3181 July 2024 Page 9 Notes to the accounts (¢ont'd) 2 Income froin Donations and Legaeies Unrestricted Restricted Total Total funds funds 2024 2023 Incoming resources Fundizising Donations Total ineoining resource5 43 43 3 Ineoine from Charitable Activities Unrestricted Restricted Total Total funds funds 2024 2023 Income Government gi'ants Pitch hire Total income 1,320 5,150 6,470 9,081 10,401 20,763 5,150 5,100 9,081 15,551 25,863
Moneyslane Rural Community Hub Annual Report for the year ended 31st July 2024 Page 10 Notes to the aecounts (cont'd) 4 Analysis of Direct Chiritable Expenditure Unrestricted Restricted Total Total funds funds 2024 2023 Direct chai'itabl¢ expenditure Wages and salaries Insurance Lit & heat Repairs & maintenaiice Postage, stationery and advertising T¢leplione Depi-eciation Bank charges Sundry experkses Total direct charitable expendilure 946 1,824 963 946 862 1,824 4,960 963 493 179 603 521 9,081 10.281 22.845 119 16l 155 9,081 14,891 30,021 603 1,200 119 155 5,810 5 Analysis of Governance Cost Expendityre Unrestricted Restricted Total Total funds funds 2024 2023 Governanee eosts Accountancy Genei'al expenses Total management and administralion 540 540 720 540 540 720 6 Remuneration Total i'emuneralion paid lo the board meiMbers dui'ing the year was £0 (2023 £0). Expenses paid to board members during the yeai. amounted to £0 (2023 £0). There were no other related ptY transactions in the year,
Moneyslane Rural Community Hub Annual Report for the year ended 31st July 2024 Page11 Notes to the accounts {cont'd) 7 Net movement iu funds 2024 2023 Net rnovement in funds is stated after chargingl(erediting)'. Auditors, reinuneration Depreciation on tangible fixed assets 10,281 22,845 8 Taxation No provision for taxation is required as the oiEanisation has chai'itable status approved by the Inland Revenue (Chai'ity numbei.: XT38423). 9 Fixed assets Land & Prop¢J-ty Fixtures & rittings Total Cost At 1st AU151 2023 Additions Disposals At 31st July 2024 134,889 48,279 183,168 134,889 48,279 183,168 Accumulated depreciation Al I st August 2023 Charge for the yea). Disposals At 31 st July 2024 134.264 625 19,925 154.189 9,656 10,281 134,889 29.581 164,470 Net book value At 31stJuly2024 At 1st August 2023 18,698 28.354 18,698 28.979 625 10 Debtors 2024 2023 Other debtors
Moneyslane Rural Community Hub Annual Report for the year ended 31st July 2024 Page 12 Notes to the accounts (cont'd) I I Creditors 2024 2023 1,000 2,200 360 360 17,597 26,679 18,957 29,239 Other creditois Accruals Defei'i"ed grant 12 Average Employee Numbers The avei'age number of einployees duriiig the year was O (2023 - 0). 13 Guarantors Moneyslane Rui71 Cominunity Hub is a ColpanY limited by guai'antee and it does not have share capital. Every meTnber of the coinpany undertakes to contribute (o the assets of the Cotnpany, in the event of the same being wound up while he is a membei., or witliin one year aftei. he ceases to be a member, for payment of the debts and liabilities of the coinpany contracted before he ceases to be a meinber and of the costs, cliarges and expenses of winding up and for the adjustment of the l'ights of the contributoi'ie5 among thetnselves, such ainount as may be required not exceeding £1.