2022-09-30-accounts - Mornington Community Project

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Company registered number: N1021949 Charity registered number., NIC102771 MORNINGTON COMMUNITY PROJECT LIMITED {Private company limited by guarantee wlthout share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 Tony Clarke 53 Andersonstown Road Belfast BTII 9AG

MORNINGTON COMMUNITY PROJECT LIMITED CONTENTS PAGE Reference and administrative details of the charity, its trustees and advisers Annual Report of the Trustees Independent Examiner Report Statement of Financial Activities 10 Balance Sheet 11-12 Notes to the Financial Statements 13-19

MORNINGTON COMMUNITY PROJECT LIMITED IPrivate company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 Trustees, Annual Report (Incorporating the Director's Report) STRUCTURE, GOVERNANCE AND MANAGEMENT The charity is controlled by its governing document, a Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The company was incorporated on 23 September 1988 and registered with the Charity Commission for Northern Ireland on 22 May 2015. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number N1021949 Registered Charity number NIC102771 Registered office 117 Ormeau Road Belfast Co. Antrim BT17 ISH CHAIRPERSON June Andrews DIRECTORS / TRUSTEES Kenneth Humphrey June Andrews (Chair) Patricia Magee (Secretary) Paul Bowman David Hall Sarah McNeill Adam Milligan INDEPENDENT EXAMINER Tony Clarke 53 Andersontown Road Belfast BTII 9AG

MORNINGTON COMMUNITY PROJECT LIMITED (Private company limited by guarantee without share capital} TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 Trustees, Annual Report (Incorporatir•g the Director's Report) The Trustees present their annual report together with the financial statements of the company for the 01 October 2021 to 30 September 2022. The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practices1SORPI, applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) {effective l January 20151 as amended by Update Bulletin l {effective l January 20151. Since the company qualifies a5 small under section 383, the strategic report required of medium and large companies under The Companies Act 2016 (Strategic Report and Director's Report) Regulations 2013 is not required. Structure. Governance and Trustees Mornington Community Project Limited is registered as a charity with the Charity Commission for Northern Ireland {NIC102771), was incorporated with companies house as a company limited by guarantee in Northern Ireland, registration number N1021949. Constltutlon The company is registered as a charitable company limited by guarantee in Northern Ireland with the registered number N1021949 and was set up by a Memorandum of Association dated on 23 September 1988. The company is constituted under a Memorandum of Association dated 23 September 1988 and the registered charity number NIC102771 with the Charity Commission in Northern Ireland and is recognised as a charity by HMRC, number X0445/91. The principal operating office for the charity is 117 Ormeau Road, Belfast, BT7 ISH. Method of appointment or election of Trustees The management of the company is the responsibility of the Trustees who are elected and co- opted under the terms of the Articles of Association. New directors are appointed by the Board as required. There are no formal requirements regarding who can be appointed as a director. Mornington, however, tries to ensure that those with local representation and specific expertise in finance, business development, advocacy, and community empathy are appointed. There is no formal training policy for new directors. Organisational structure and decision making Day to day management of the charity is delegated to the board. The Board is responsible for the review of all activities, approval of budgets and future strategy. During this year, we returned to quarterly face-to-face meetings. Objectives and Activities Policies and objectives The charitable objectives of the company were that of: The development of The community within The lower Ormeau Road 3re3. The promotion of cross community links. The promotion of employment training and economic activity within The lower Ormeau Road area thereby alleviating unemployment.

MORNINGTON COMMUNITY PROJECT LIMITED (Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 Trustees, Annual Report (Incorporating the Director'5 Report) continued... Objectives and Activities continued... The promotion of opportunities for the exploration and development of Christian faith and values. To promote educational, leisure and recreational opportunities for young people in the area. To promote women's issues and organisations. Nurturing Programme The Programme has just completed its eighth year and continues to grow and develop, having successfully established itself within the community as an important resource for local families,. working in partnership with other local agencies to provide a complementary service. This year the project provided support for families to improve their circumstances through the Parenting Puzzle Course, Nurturing Wellbeing, drop-in provision and through one to one support from our trained Parent Group Leaders. Nurturing Programme has continued to offer intensive one to one support to families struggling with the impact of lockdowns. including liaising with schools, providing emotional support, parenting support/advice and practical help such as food and other necessities. We continued to develop our Nurturing wellbeing activities and now includes heathy eating and cookery classes. Following on from a very successful pilot course in Mindfulness for Parents and Carers we have also have added this to our Programme of activities. We have secured funding from the Housing Executive, Halifax Foundation, the PHA and Awards for All to enhance and expand our provision over the coming year to include other programmes and reach out to more families. Women's Project This year saw the group continue to participate in the South Belfast Alternative's LINC project, who along with Nurturing Staff provided much needed support to the group during the Covid Crisis and emerging out of Lockdown. The women also took part in "Women Remembering and Reconciling" an initiative which focused on addressing trauma and storytelling Ifunded through the Department of Foreign affairs}. This was a very timely Project which allowed us to offer in depth support to the group after the traumatising effects of the lockdowns. It culminated in a very successful residential in March in the beautiful surroundings of Corrymeela. Tus Geal In our seventh year Tus Geal continues to consistently provide a high standard and quality of care. We recently had our annual social services inspection and received high praise and very positive feedback from our social worker with no recommendations. The full report is expected to be issued in March 2023.

MORNINGTON COMMUNITY PROJECT LIMITED (Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 Trustees, Annual Report Ilncorporating the Director's Report) continued.. Tus Geal - Continued In a recent survey given to parents the feedback we received stated.. IOOYO parents said that they would be unable to work without our Service IOOYO State that without school collection service they would be unable to send their child 95Yo commented on the affordability of our service 100% stated they are confident in the knowledge that their children are safe, happy, and cornfortable within the setting 950/0 commented on quality of play and setting environment 100% commented positively on the opportunities to learn Irish IOOYO of our children have said that they are happy and enjoy their time in our setting. During this year a high number of families have benefitted from our service. We have been able to offer services to parents who would not be able to continue or begin working Our collection Service has also proved invaluable to parents in full time employment and study without which they would be unable to continue working. We have recently increased our fees for the first time in three years. This should be fully implemented in March with all standing orders being adjusted in the coming week5. Summer 2022 saw our busiest summer scheme to date. The summer scheme was held in partnership with An Droichead and the scheme took place in Mornington for the first time since Tus Geal opened. The summer Scheme numbers of both settings has increased greatly and there have been discussions around separating the summer schemes this year. Due to the high numbers of children attending, neither An Droichead nor Mornington have the facilities We look forward to an even bigger and better year in 2023. The hard work and dedication of staff continues to be the driving force behind the continued success of Tus Geal. SIF Refurblshment The SIF Refurbishment programme of work5 was completed during this year. This included a new roof, refurbishment of the upstairs offices, refurbishment of the kitchen, gas heating installation, the addition of children's toilets to the early year's room and a new Nurturing Space upstairs. This will ensure a fit for purpose facility going forward and will enhance our ability to deliver programmes including new Nurturing Courses, Early years registered provision and social enterprise renting and start-up opportunities. Outdoor space: A new multi-purpose outdoor space was created alongside the SIF works with funding from Belfast City Council and Whitemountain. This provides us with a hard surface play area for our Out of School provision, seating and relaxing area for families and the possibility of outdoor pop-up events such as fun days, food markets, cafes and concerts.

MORNINGTON COMMUNITY PROJECT LIMITED (Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 Trustees, Annual Report (Incorporating the Director's Report) continued... Grd re-opening and Community Festival The building was officially re-opened at the end of March with a launch event and community Fun day. We invited a range of local partr)ers and stakeholders and this was a great day for local residents. Community Faith Forum During this year we continued to develop our Faith Forum for faith groups within the inner south Belfast area. This provides opportunities for local faith leaders to explore potential partnerships and social enterprise ideas. Social Enterprise We continue to rent the café space as a pop-up cafe space at the weekends and all our office space is currently rented out. We continued to use the kitchen to test new food products and support emerging business. Networking Mornin8ton continues to be very active on the Inner South Neighbourhood Renewal Partnership and has played a central role in the Economic Subgroup. We are also active on the Forward South Partnership Board. We continue to participate in the South Belfast Locality Planning group and Family Hub group, as well as the Inner South and Botanic Strategic Networking Forum. We continue to work closely with An Droichead, South Belfast Surestart, South Belfast Food Bank 2nd Bernardos. Programme support Heather Carey continues to work with Mornington supporting local relationships and networking extensively. This has ensured that Mornington has a place in community sector discussions and has enabled new working partnerships to be established in the local area. Heather continues to work on the development of Social enterprise ideas in the local community and strengthen Mornington's relationship with Union College and Queens University, as well as with local faith leaders. Phil Rankin has also being invaluable in supporting the Board and the development of the Tus Geal Initiative. Thanks We would like to express our thanks to our funders: The Social Investment Fund, Whitemountain, Brightstart, the Halifax Foundation, D FA, N I HE, Big Lottery Awards for All, Belfast City Council Revenue, Covid Recovery and Community Grants and the PHA. Thanks particularly to Anne, Karen, Heather and Sorcha for their tireless work; to our partners and Project delivery a8ents; and to Phil and Stephen and all our volunteers for their hard work throughout the year. And as always thanks to our Board members for their continued commitment and dedication to Mornington. Mornington is a unique organisation where staff, volunteers and board members give continuous levels of drive and positivity, mixed with copious good humour, to achieve our mission. It Is my privilege to work with a group of people, bound by mutual respect, and committed to community

MORNINGTON COMMUNITY PROJECT LIMITED IPrivate company limited by guarantee without share capital} TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 Trustees, Annual Report Ilncorporating the Director's Report) continued... Trustees, responsibilities statement The Trustees (who are also directors of Mornington Community Project Limited for the purposes of company lawl are responsible for preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standard (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the State of affairs of the charitable company and of the income resources and application of resources, including the income and expenditure of the charitable company for that period. In preparing these financial statements, the Trustees are required to: select Suitable accounting policies and then apply them consistently observe the methods and principles in the Charities SORP; make judgments and accounting estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transaction and disclose with reasonable accuracy at any time the financial p051tion of the charitable company and then enable them to ensure that the financial statements comply with the Companie5 Act 2016. 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. This report was approved by the Trustees, on E, IIL Zzry and signed on behalf bv: David Hall Trustee

MORNINGTON COMMUNITY PROJECT LIMITED (Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF MORNINGTON COMMUNITY PROJECT LIMITED I report on the financial statements of the company for the year ended 30 September 2022 which are set out on pages 10 to 12. This report is made solely to the company's Trustees, as a body in accordance with section 65(31{al of the Charities Act Northern Ireland 2008 and regulation5 made under section 66 of the Act. My work has been undertaken so that I might state to the company'5 Trustees those matters l am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for rny work of this report. Respective responslbilities of trustees and examiner As the company's Trustees land also the directors of the company for the purpose of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companie5 Act 2006. Having satisfied myself that the company 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 Commission under section 6519llbl of the Charities Act state whether particular matters have come to my attention. Basis of 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)Ib} of the Charities Act, My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It has also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. Independent exarniner's statement My role is to state whether any material matters have come to my attention giving me cause to believe: That accounting records were not kept in accordance with section 63 of the Charities Act That the accounts do not accord with those accounting records That the accounts do not comply with the accounting requirements of the Charities Act That there is further information needed for a proper understanding of the accounts to be reached.

MORNINGTON COMMUNITY PROJECT LIMITED (Private compar)y limited by guarantee without share capital} TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF MORNINGTON COMMUNITY PROJECT LIMITED CONTINUED... I have completed my examination and have no concerns in respect of the matters11) 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. Tony Clarke 53 Andersonstown Road Belfast BTII 9AG Date:

MORNINGTON COMMUNITY PROJECT LIMITED (Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT Year to Unrestricted Restricted 30-Sep-22 Funds Funds TOTAL Year to 30-Sep-21 TOTAL Note Income from: Donations and Legacies Charitable Activities 40,119 37,825 150,606 190,724 37,825 131,555 31,782 Total Income 77,943 150,606 228,549 163,337 Expenditure on: Charitabl e Activities 89,204 136,485 225.689 214,233 Total Expenditure.. 89,204 136,485 225,689 214,233 Net income/{expenditure) (11,261) 14,121 2,860 {50,896) Transfers between funds 10,872 10,872) Net movement in funds 389 3,249 2,860 50,896) Reconciliation of Funds Total funds brought forward 12 (23,2971 45,090 21,793 72,690 Total Funds carried forward 11 (23,686) 48,339 24,653 21,793 The statement of financial activities includes all gains and losses recognised in the year. All incoming resources and resources expended derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. The notes on page 13 to 19 form an integral part of these accounts 10

MORNINGTON COMMUNITY PROJECT LIMITED (Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 BALANCE SHEET As at 30 September 2022 2022 2021 Note Fixed Assets Tangible Assets 13 40,711 40,711 92,359 92,359 Current Assets Debtors Cash at bank 10,060 39,236 49,296 6,200 10,644 16,844 Liabil,ities Creditors.. amounts fallln8 due within one year 27,299 (11,303 Net Current Assets 21,996 5,542 Total Assets Less Current (Liabilltles) 62,708 97,901 Long term creditors 14 (38,0551 {76,108 Total Long-term Liabllltles (38,055) 176,108) Net assets 24,653 21,793 Funds Restricted Unrestricted 48,339 123,6861 45,090 (23,297) TOTAL FUNDS 11 24,653 21,793 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 September 2022. The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting record5 which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, forthe 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, 50 far as applicable to the company. 11

MORNINGTON COMMUNITY PROJECT LIMITED IPrivate company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAI STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 BALANCE SHEET continued... As at 30 September 2022 The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. /vla The financial statements were approved by the board dlrectors on .....,,......... signed on their behalf by.. . and were Tr3 ) David Hall Trustee The notes on page 13 to 19 form and integral part of these accounts 12

MORNINGTON COMMUNITY PROJECT LIMITED (Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 NOTES TO THE ACCOUNTS l Accounting policies Charity information Mornington Community Project Limited is a private company limited by guarantee incorporated in Northern Ireland. The re8lStered office is: Mornington Community Project, 117 Ormeau Road, Belfast, BT7 ISH 1.1 Accounting convention The accounts have been prepared in accordance with the charity's governing document, the Companies Act 2006 and 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 1021 {a5 amended for accounting periods commencing from l January 20161. The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin I not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern ba515 of accounting in preparing the financial statements. During the year the organisations unrestricted reserves have gone into a negative (23,6861 the board have discussed this and are content that the Charity will have sufficient income in future years to bring the organisations unrestricted fund into a positive. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes. Restricted funds are subject to specific conditions by donors as to how they may be used. 1.4 Incoming resources Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. 13

MORNINGTON COMMUNITY PROJECT LIMITED IPrivate company limited by guarantee without share capitall TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 NOTES TO THE ACCOUNTS CONTINUED... 1.4 Incoming resources (continued) Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and service5 provided in the normal course of business, net of discounts, VAT and other sales related taxes. 1.5 Resources expended 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. The charity is below the charity audit threshold and therefore is exempt from reporting expenditure on an activity basis. The charity has opted to report by the nature of expenditure rather than on an activity basis. 1.6 Tangible flxed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Freehold Property 4/0 Straight line Plant & machinery 25% reducing balance Fixtures & fittings 20% reducing balance Computer equipment 25'A reducing balance 1.7 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, Other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.8 Financial instruments The charity has elected to apply the provisions of Section Il'Basic Financial Instruments, and Section 12'0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to contractual provisions of the instrument. Financial assets and liabilitie5 are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 14

MORNINGTON COMMUNITY PROJECT LIMITED IPrivate company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 NOTES TO THE ACCOUNTS CONTINUED... 1.9 Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial a55ets classified as receivable within one year are not amortised. 1.10 Basic f inancial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified a5 payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, Using the effective interest rate method. Trade creditors are obligated to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. 1.11 Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.12 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.13 Critical accounting estimates and judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilitie5 that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 15

MORNINGTON COMMUNITY PROJECT LIMITED IPrivate company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 NOTESTO THE ACCOUNTS CONTINUED... 2 Income from D ti nsandL aci 2022 2021 Unrestricted Restricted Funds Funds TOTAL TOTAL Donations Grant5 Totals 2022 6,548 33,570 40,119 6.548 184.176 190,724 6,647 124,908 131,555 150,606 150,606 Totals 2021 22,213 109,342 131,555 3 Income from Charitable Activities 2022 2021 Unrestricted Restricted Fund5 Funds TOTAL TOTAL Rental Income Tus Geal Totals 2022 7,250 30,575 37.825 7,250 30,575 37,825 6,350 25,432 31.782 Totals 2021 31,782 31,782 4 Staff Costs and Numbers 2022 2021 Gross Wages and Salaries 103,493 103,493 67,419 67,419 No employee received emolument5 of more than £60,000 (2021: Nil) The average monthly number of employees during the year, calculated on the basis of full time equivalents, was as follows: 2022 Number 2021 Number 5 Related art transactions During the year, there were no related party transactions entered into and no outstanding balance with related parties at the year end. 16

MORNINGTON COMMUNITY PROJECT LIMITED (Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 NOTES TO THE ACCOUNTS CONTINUED,.. 6 Ex enditure 2022 2021 Charitable Activities Unrestricted Restricted Funds Funds TOTAL TOTAL Activities Tus Geal Programme costs Insurance Light & heat Repairs & maintenance Salary Telephone General Bank charges Depreciation Business Mentoring & Support Accountancy fees Total 2022 3,452 9,767 12,602 4,036 8,800 3,794 20,941 288 18,308 421 704 2,791 3,300 89.204 3,452 12,756 12,602 4,036 8,800 3,794 103,493 288 18,308 421 51,648 2,791 3,300 225,689 7,339 11,668 9,209 4,339 6,620 34,282 67,419 288 16,782 389 51,548 1,100 3,250 214,233 2,989 82,552 50,944 136,485 Total 2021 81,681 132,552 214,233 7 Trustees remuneratlon & expenses During the year, no Trustee5 received any remuneration12021- £NIL). During the year, no Trustees received any benefits in kind12021 £NIL). During the year, no Trustees received any reimbursement of expenses (2021- £NIL). 8 Debtors 2022 2021 Trade debtors Other Receivable 5,950 4,110 10,060 6,200 6.200 9 Inde endent examiner's remuneration The independent Examiner's remuneration amounts to an Independent Examination fee of £0.00 {2021- £0.00) 17

MORNINGTON COMMUNITY PROJECT LIMITED (Private company limited by guarantee without Share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 NOTES TO THE ACCOUNTS CONTINUED.. 10 Creditors: amoun due within one ear 2022 2021 Trade Creditors Credit Card 25,578 1,721 27,299 10,675 628 11,303 11 ** f funds - current ear Balance at 30 September 2022 Balance at I October 2021 Transfer in/out Income Expenditure Restricted fund5 Awards for all Belfast City Council (BCC). BCC- Business Cluster Building Grant CFNI Community Support Fund (Garc DFA Doh Hsbc EA Belfast Region Early Years CRSF Groundwork Halifax Foundation NIHE Openwork Foundation PHAS Shortterm Funding Total restricted funds 10,000 23,072 2,800 38,053 31,500 11,493> (16,533) 8,507 (6,539) (2,800) 35,606 (50,944) {31,500) 22,715 5,000 7,950 15,0001 8,420 3,608 110,105) 13,608) 6,265 5,225 (5,225) 2,229 9,600 5,000 13,833 (2,229) {9,600) (842) 13,0311 4,158 10,801 647 (647) 6,600 16,600) 154.715 (136,485) (10,872) 45,090 52,447 Unrestricted funds General funds Total Unrestricted funds 123,297) (23,297) 77,943 77,943 (89,204} (89,204) 10,872 10,872 (23,686) {23,686) Total of funds - current year 21,793 232,659 {225,689) 28,762 'At the end of the year Belfast City council owed Mornington £4,110 which is reflected in Note 8. 18

MORNINGTON COMMUNITY PROJECT LIMITED (Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 NOTES TO THE ACCOUNTS CONTINUED... 12 Statement of fund - rior ear Balance at I October 2020 4,683 68,006 72,689 Transfer Balance at in/out 30 Sept 2021 Income Expenditure Total unrestricted funds Total restricted funds Total of funds - prior year 53,995 109,342 163,337 181,681) 1132,5521 1214,233) (294) 294 (23,297 45,090 21,793 13 Tan ible assets Freehold Pro ert Plan & Machine Fixtures & Computer Fittin ment Total Cost At 01/1012021 Additions Total 512,519 13,654 84,791 2,777 613,741 512,519 13,654 84,791 2,777 613,741 Depreciation At OII1012021 Charge Total 421,943 50,944 472,887 13,654 84,791 994 704 1,698 521.382 51,648 573,030 13,654 84,791 Net Book Value At 30109/2022 At 3010912021 39,632 90,576 1,079 1,783 40,711 92,359 14 Grant Release Cost At 01/1012021 Additions Total Total 190,267 190,267 Amortisation At 01/10/2021 Charge Total 114,159 38,053 152.212 Net Book Value At 3010912022 At 30/0912021 38,055 76,108 19