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...
Gr￿d 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
(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...
Going Concern
At the time of approving the financial statements, the trustees have a reasonable expeotation that
the charity has adequate resources to continue in operational existence for the foreseeable future.
Thus the trustees continue to adopt the going concern basis 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.
Flnancial Review
The results for the year ended 30 September 2022 are set out on pages 10 to 12 of the financial
statements.
The total income for the year ended 30 September 2022 amounted to £224,44012021.. £163,337).
The total expenditure was £225,689 (2021: £214,233}
The Trustees consider that the unrestricted funds of the charity is sufficient and adequate to fulfil
their obligations. The charity held (£23,686) in reserves at the year end (2021:1£23,297},
Reserves Policv
The income of the Company is considered adequate and the risks associated with any significant
reduction in income is regarded as unlikely. The Trustees are satisfied with the current level of
reserves at the present time. The Trustees are reviewing the Reserves Policy in the current year.
During the year the organisations unrestricted reserves have gone into a negative123,6861, 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.

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