2025-09-30-accounts - Mornington Community Project

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MORNINGTON COMMUNITY PROJECT LIMITED

(Private company limited by guarantee without share capital)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT

ACCOUNT
Note 2 Charitable Activities 3 6 Reconciliation of Funds Total funds brought forward 12 Total Funds carried forward 11 Charitable Activities Net income/(expenditure) Transfers between funds Net movement in funds Expenditure on: Total Expenditure: Income from: Total Income Donations and Legacies	Year to Unrestricted Restricted 30-Sep-25 Funds Funds TOTAL £ £ £ 1,380 107,868 109,248 9,994 70,098 80,092 11,374 177,966 189,340 13,234 166,704 179,938 13,234 166,704 179,938 (1,860) 11,261 9,402 2,688 (2,688) - 828 8,574 9,402 (6,503) 19,627 13,126 (5,675) 28,201 22,527	Year to 30-Sep-24 TOTAL £ 113,019 72,602 185,621
		187,303 187,303
		(1,683) -
		(1,683)
		14,808
		13,126

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

MORNINGTON COMMUNITY PROJECT LIMITED

(Private company limited by guarantee without share capital) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

	BALANCE	SHEET
	As at 30 September 2025
			2025		2024
	Note		£		£
Fixed Assets
Tangible Assets	13		-		-
			-		-
Current Assets
Debtors	8	11,932		8,072
Cash at bank		17,191		22,891
		29,123		30,963
Liabilities
Creditors:amounts falling due within one year	10	(6,596)		(17,837)
Net Current Assets			22,527		13,126

Total Assets Less Current (Liabilities)			22,527		13,126
Net assets			22,527		13,126
Funds
Restricted			28,201		19,629
Unrestricted			(5,675)		(6,503)
TOTAL FUNDS	11		22,527		13,126

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 2025.

The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records 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, for the 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, so far as applicable to the company.

MORNINGTON COMMUNITY PROJECT LIMITED

(Private company limited by guarantee without share capital) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

As at 30 September 2025

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.

The financial statements were approved by the board directors on 23/06/2026 and were signed on their behalf by:

David Hall Trustee

The notes on page 13 to 19 form and integral part of these accounts

MORNINGTON COMMUNITY PROJECT LIMITED

(Private company limited by guarantee without share capital) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

NOTES TO THE ACCOUNTS

1 Accounting policies

Charity information

Mornington Community Project Limited is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 53 Andersonstown Road, Belfast, BT11 9AG

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 102)" (as amended for accounting periods commencing from 1 January 2019). 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 1 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 basis of accounting in preparing the financial statements.

During the year the organisations unrestricted reserves have gone into a negative (23,686) 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.

MORNINGTON COMMUNITY PROJECT LIMITED

(Private company limited by guarantee without share capital) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

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 services 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 fixed 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% straight line Plant & machinery 25% reducing balance Fixtures & fittings 20% reducing balance Computer equipment 25% 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 11 'Basic Financial Instruments' and Section 12 'Other 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 liabilities 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.

MORNINGTON COMMUNITY PROJECT LIMITED

(Private company limited by guarantee without share capital) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

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 assets classified as receivable within one year are not amortised.

1.10 Basic financial 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 as 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 liabilities 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.

MORNINGTON COMMUNITY PROJECT LIMITED

(Private company limited by guarantee without share capital) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

2 3 4	Income from Donations and Legacies Donations Grants Totals 2025 Totals 2024 Income from Charitable Activities Rental Income Tús Geal Totals 2025 Totals 2024 Staff Costs and Numbers Gross Wages and Salaries	2025 2024	2025 2024
		Unrestricted Restricted Funds Funds TOTAL TOTAL £ £ £ £ 1,380 800 2,180 3,144 - 107,068 107,068 109,875
		1,380 107,868 109,248 113,019 3,608 109,411 113,019 2025 2024
		Unrestricted Restricted Funds Funds TOTAL TOTAL £ £ £ £ 9,994 - 9,994 9,625 - 70,098 70,098 62,977
		9,994 70,098	80,092 72,602 72,602 2025 2024 £ £ 96,065 91,414
		69,207 3,395
			96,065 91,414

No employee received emoluments of more than £60,000 (2024: Nil)

The average monthly number of employees during the year, calculated on the basis of full time equivalents, was as follows:

2025	2024
Number	Number
3	3

5 Related party transactions

During the year, there were no related party transactions entered into and no outstanding balance with related parties at the year end.

MORNINGTON COMMUNITY PROJECT LIMITED

(Private company limited by guarantee without share capital) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

6 Expenditure

Expenditure
Charitable Activities Activities Tús Geal Programme costs Insurance Light & heat Repairs & maintenance Salary Telephone General Bank charges Depreciation Business Mentoring & Support Accountancy fees Other Professional Services Totals 2025 Totals 2024	2025 2024
	Unrestricted Restricted Funds Funds TOTAL TOTAL £ £ £ £ - 5,439 5,439 1,690 - 34,784 34,784 41,177 - 4,607 4,607 12,369 - 5,479 5,479 4,886 - 3,035 3,035 4,903 2,244 4,739 6,983 8,062 8,909 87,156 96,065 91,414 - 460 460 333 1,536 13,203 14,739 6,414 545 - 545 428 - - - 375 - 60 60 60 - 4,963 4,963 4,164 - 2,778 2,778 11,029
	13,234 166,704 179,938 187,303 70,133 117,170 187,303

7 Trustees remuneration & expenses

During the year, no Trustees received any remuneration (2024 - £NIL).

During the year, no Trustees received any benefits in kind (2024 - £NIL).

During the year, no Trustees received any reimbursement of expenses (2024 - £NIL).

8 Debtors

Debtors
Trade debtors Other Receivable	2025 2024 £ £ 11,932 5,782 - 2,290	2024
	11,932 8,072

9 Independent examiner's remuneration

The independent Examiner's remuneration amounts to an Independent Examination fee of £NIL (2024 - £NIL)

MORNINGTON COMMUNITY PROJECT LIMITED

(Private company limited by guarantee without share capital) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

10 11 * 1 2 3**	Creditors: amounts falling due within one year 2025 2024 £ £ Trade Creditors 6,381 17,411 Credit Card 215 426 6,596 17,837 Statement of funds- current year Balance at 1 October 2024 Income Expenditure Transfer in/out Balance at 30 September 2025 Restricted funds £ £ £ £ £ Awards for All 6,537 - (6,537) - - Belfast City Council Core Grant - 32,228 (32,228) - - CRC 1,895 3,793 (5,688) - - DFAT: RF 2024 10,196 - (10,196) - - DFAT: Shared Space Project - 8,441 - - 8,441 DFAT: Women Together Project - 8,441 - - 8,441 DOH - 18,581 (18,581) - - Halifax 1,000 27,000 (20,680) - 7,320 NIHE - 3,376 (3,376) - - PHA - 9,000 (5,000) - 4,000 Tus Gael - 67,105 (64,417) (2,688) - Total restricted funds 19,628 177,966 (166,704) (2,688) 28,202 Unrestricted funds General funds (6,503) 11,374 (13,234) 2,688 (5,675) Total Unrestricted funds (6,503) 11,374 (13,234) 2,688 (5,675) Total of funds - current year 13,125 189,340 (179,938) - 22,527	Creditors: amounts falling due within one year 2025 2024 £ £ Trade Creditors 6,381 17,411 Credit Card 215 426 6,596 17,837 Statement of funds- current year Balance at 1 October 2024 Income Expenditure Transfer in/out Balance at 30 September 2025 Restricted funds £ £ £ £ £ Awards for All 6,537 - (6,537) - - Belfast City Council Core Grant - 32,228 (32,228) - - CRC 1,895 3,793 (5,688) - - DFAT: RF 2024 10,196 - (10,196) - - DFAT: Shared Space Project - 8,441 - - 8,441 DFAT: Women Together Project - 8,441 - - 8,441 DOH - 18,581 (18,581) - - Halifax 1,000 27,000 (20,680) - 7,320 NIHE - 3,376 (3,376) - - PHA - 9,000 (5,000) - 4,000 Tus Gael - 67,105 (64,417) (2,688) - Total restricted funds 19,628 177,966 (166,704) (2,688) 28,202 Unrestricted funds General funds (6,503) 11,374 (13,234) 2,688 (5,675) Total Unrestricted funds (6,503) 11,374 (13,234) 2,688 (5,675) Total of funds - current year 13,125 189,340 (179,938) - 22,527	2025 2024 £ £ 6,381 17,411 215 426	2024
			6,596 17,837 Transfer in/out Balance at 30 September 2025
		19,628 177,966 (166,704) (2,688) 28,202 (6,503) 11,374 (13,234) 2,688 (5,675)
		(6,503) 11,374 (13,234) 2,688 (5,675)
		13,125 189,340 (179,938) - 22,527

* Please note that the above have been abbreviated for presentation purposes in the fund analysis. The full funder/donor names are as follows

1 Department of Foreign Affairs and Trade: Reconciliation Fund 2024, referred to as DFAT: RF 2024 2 as DFAT: Shared Space Project
3 referred to as DFAT: Women Together Project

MORNINGTON COMMUNITY PROJECT LIMITED

(Private company limited by guarantee without share capital) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

12 Statement of fund - prior year

13	Total unrestricted funds Total restricted funds Total of funds - prior year Tangible assets Cost At 1 October 2024 Additions Disposals At 30 September 2025 Depreciation At 1 October 2024 Charge Elimated on disposal At 30 September 2025 Net Book Value At 30 September 2024 At 30 September 2025	Balance at 1 October 2023 Income Expenditure Transfer in/out Balance at 30 Sept 2024
		(29,618) 72,815 (70,134) 20,434 (6,503) 44,425 97,823 (102,187) (20,434) 19,627
		14,807 170,638 (172,320) - 13,126 Freehold Property Plan & Machinery Fixtures & Fittings Computer Equipment Total
		512,519 13,654 84,791 2,777 613,741 - - - - - - - - - -
		512,519 13,654 84,791 2,777 613,741
		512,519 13,654 84,791 2,777 613,741 - - - - - - - - - -
		512,519 13,654 84,791 2,777 613,741
		- - - - - - - - - -