HOPE MAGHERAFELT IA oompany limltsd by gyarante&, not having o share capltall STATEMENT OF FINANCIAL ACTIVITIES for thè financial period ended 31 March 2026 Unrestrlct8d R•#trfdgd Funds Funds Mar 26 Mar 26 Total Unrestricted Restricted Funds Fund5 Funds Mar 26 Dec 24 Dec 24 Total Funds Dec 24 Notes Incom• Donations and legacié$ CharitaNe 8Gtivrties Grants from governments and other co-funders Other income 48.292 48.292 25.387 25,387 80,929 80,929 73,731 73,731 43 6,111 Total in¢ome 54803 80,929 135,332 25.387 73.731 99.118 Exp8nditurg Raising funds Ch8ritable activities Other expenditur8 5.06S 33,723 9,541 8.310 10S,$96 24,167 2.217 28,425 6.185 3,220 37,476 23,542 5.437 65,901 29,727 71,873 14,626 Total Expenditur8 48.329 89,744 138,073 36,827 64.238 101,065 Net incomellexpondlturèl 6,074 18.81151 12,7411 111,4401 9,493 11.9471 Transfers beeen funds Net movement In funds for the flnancial perlod 6,074 18.8181 12.7411 111.4401 9,493 11,9471 Reconelllation of funds: Total funds teginning of the year 13 1,182 118.304 119,486 12,622 108.811 121.433 Totsl funds at the end ol the year 7,256 109.489 116,745 1.182 118.304 119,486 The Statement of Financi81 Activities includes all gains and losses rewgnised in the financi81 FEriOd. All income and expenditure ielate lo continuing activib'es. The rK)les on pages 10 10 14 form part of the finarNal statements
HOPE MAGHERAFELT IA comparby limlted by guarantsg. not havlng a thare capltall SUMMARY INCOME AND EXPENDITURE ACCOUNT for the financial peri(Kl ended 31 March 2026 ststement of Flnancial ActlvFtles Mar 26 Dec 24 Gloss incom& Unrestricted fvnds Resthcted fvnds 54.403 80,929 135,332 99,118 Total income Total expenditure 135,332 (138,0731 99.118 I101,(5) N*t Incomellexpenditurel 12,741) 11.9471 The charity has no recognised gains 01 losses other than the results foT the finanaal period. The results for the finan¢i81 period have been calculated on the historical cost basis. The notes on pages 10 to 14 form p8rt Qfthe finanaal statemen15
HOPE MAGHERAFELT IA company limited by guarantèe, not havlng a sharg upltsl Company Number.. N1631531 BALANCE SHEET as at 31 March 2026 Mar 26 Dec 24 Not•s Flxed Assèts Tangible assets 80.366 93,920 Current Assèts Debtors Cash at bank and in hand 10 1,460 38,235 27.619 39,695 27,619 Credltors: Amounts falllng due within on• y¢ar 11 13,3161 12,0531 Net Current Assèts 36,379 25,566 Totsl Assets less Curr¢nt Llabllltlea 116.745 119,486 Fund Restrided trust funds General fund lunrestri¢tedl 109.489 7,256 118.304 1,182 Total fund8 13 118,745 119.486 Thesè financial statements have been prepaied in 8rLordance wrth the special prowsions relating to small Companies within Part 15 of the Cornpanies Aet 2006. For the finanaal peiiod ended 31 March 2026 the charty was 8ntilled to exemption from audit under section 477 01 the Comp8nies Act 20(, and no notiTr has been deposited under section 476. Thè trustees confirm that the members have not required the company to obtain an audit of its finanaal statements for the financial period in quests'on in accord8n¢e with section 476 ()f th8 Comp8nie8 Act 20(. The tiuslees acknowledge their iespon$ibilits"es for ensuring that the charity keeps accounting records which comply with section 386 and foi preparing finanaal statements wthich give a true and fair view of the state ol affairs of the charity as at the end of the finanaal period and of its profit and loss for the financial period in accordance with the requirements of sections 394 and 395 and which othenmse comply with the requirements of the Cornpanies Act 2008 relating lo financial statements, so far as applicable to the charity. The financial staternents have boen prepared in accordanc& wllh the provisions applicable to companies Subject to the small companies. regime and in accordancè wth FRS 102"The Financial Reporting Standard applicable in the UK and Republic of Ireland" applying Section 1A ol that Standard. Approved by the Board of Trustees and authori88d for Issue on 22 June 2026 and slgnad on Its behalf by Lisa M2clean The notes on p¥9es 10 to 14 fL part of the finantsal stsiements
HOPE MAGHERAFELT IA company limitod by guarantse, not having a tsharg GapItsII NOTES TO THE FINANCIAL STATEMENTS forthe financial period ended 31 Marth 2028 GENERAL INFORMATION HOPE MAGHERAFELT is a company limited by guarantee in(x)rporated in Northom Ireland. Thè registered office of the charity is 78 Rainey Street. Magherafelt. BT45 5AH, Northern Ireland which is also the principal plaoe of business of the d)arity. The finanaal statements have been presented in Pound 1£) whi¢h Is also the nthonal currency of the charity. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The followng accounb'ng polioes have been applle(J consistently in d981ing with items which are considered material in relation to the ¢h8rity's financial statements. Basi$ of prepar•tion The financial statements have been prepared on the going ¢J)ncern basis under the historical cost convention, modified to indude certain items 81 fair value. The finanrial statements have been prepared in accordance with the Statement of Recommended Practictr ISORPI Accounb"ng and Repo"ng by Charities preparing their awounts ill accordance witr the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102 applying Section 1A of that Standard. As p&nritted by the Companies Act 2008, the charity has varied the standard formats in th81 ac for the Staternent of Financial Activities and the Balance Sheet. Departures trom standard formats are to cornply with the requirements ol the Charities SORP and are in compliance wrth section 4.7, 10.6 and 15.2 of that SORP. Statement of compllancg The finanoal statements of the charity for the financial period ended 31 March 2026 have been prepared on tha going conrn basis and in 8(widance with the Statement ol Recommended Practice ISORPI "Accounting and Reporting by Ch8nties preparing their accounts In acwrdance with the Fin8ncial Reporng Standard applicable in the UK and Republic of Ireland FRS 10Z'. applying Se¢titsn IA of that Standard. Fund a¢counting The lollomqng 8re the categories of funds maintained". Restrlcted fund¥ Restricted funds rewesent inwme received whith can only be used for parti¢u18r purposes, as specified by the donors. Such purposes a within the overall objectives of the charty. Unrestrlctad fund Unrestricted ndS con&sl of Genera and Désignated funds. Gene[81 funds represent 8rn0unts whKti are expendable at the discretion of the board. in furtherance of tha objectives of the charity. Designated funds comprise unrestricted funds that thè board has, at its discreb"on, s6t aside for particular purposes. These dèsignations have an administrative purpose only, and do not legally restrid the board's discretion to 8pply the fund. Ineome Income is recognised by inclusion In the Stement ol Financial Activrfties On when the charity is legally entitled to the incorne, perfomianrE conditions attached to the itemlsl of income have been met, the amounts involved can be measured with sufficient reliability and It Is probatje that the income wll be re1Ve by the charity. Income from charitable activities Income from Gharitable activibes Include income earned from the supply of servIS under contractual arrangements and from Perforrnan related grants whi¢h have ¢ondilions that specify the provision of particular sè[viS to be provided by the charity. Income from wvemment and other eo-funders is recognised when the charity is legally entitled lo the income because it is fulfilling the conditions contained in the related funding agreements. Where a grant Is rece1ved In adv8nc&, its recognition is defer and included in creditors. Whère entitlement owurs before Income is rscèived, il is 8ccrued in debtors. Grants from govemments and other ctrfvnders typically include one of the follorng types of conditions.. Performance based conditions." whereby the charity is contractually entilled to funding only to the Èxt8nt that the core objectives of the grant agreement are achieved. Where the charity Is meeting the cole objectives of grant agreement, it recognises the related expenditure, to the extent that il is reirnbursable by the donor, as income. -Time based conditions.. whereby the charity is ¢onlra¢tU8lly entitled to funding on the condition that it is utilised in a particular period. In these Cases the ¢harty recognises the income to the extent it is utilised within 10
HOPE MAGHERAFELT continued IA company Ikmitod by guaranteè, not havlng a sharo uplt811 NOTES TO THE FINANCIAL STATEMENTS for the financial peric¥J ended 31 March 2026 the period specifi'ed in the agreement. In the 8bsenTr ol such condib"ons, assuming that receipt is probable and the amount Trn be reliably measured, grant income is recognised one6 the charty is rTrotified ol entitlement. Grants reiVed towards capit81 expenditure are credited lo the Statement ol Finan(i81 Activities when received or ts1Vable. whichever is earlier. Expendlture Expenditure is analysed beeell costs of charitable activities and raising ftjnds. The costs of each activity are separately accurnulaled and disclos&d. and analy5ed aordIng to their major components. Expen(liture is cognised when a legal or constructive oblig8tion exists as a resun ol a past event, a transfer of economic benefits Is required in settlement and the amount of the obligation can be reliably measured Support costs are th0 luncbons that assist the work of the charity but cannot be attributed to one activity. Su¢h costs a allocated to adivities in prtsportion to staff ts.me spent or othei suitable measure for each activity. Tangible fixed assets and d&pr¢¢iatlon Tangible fixed assets are stated at cost or at valuation, less accumulatèd depreciation The charge to depreciation is calculated to write off the original cost or valuation of tarwible fixed assets. less their estimated sidual value. over their expected useful lives as follows.. Short leasehold property Fixtures. fittings and equiprnent 10% Straight line 200A Straight line Debtors Debtor5 are recognised at the settlemènt arnnt due After any discount offerèd Prepayments are valued at the amount prepaid net ol any trade discounts due. Income recognised by the charity fiorn government agencie5 and other cfyfunders, but not ytrt reIVed at finanGial period end, Is Included in Llebtors. Cash at bank and in hand Cash at bank and in harKI eotnprises cash on depogt al banks requiring less than threè months notice of withdrawal. Taxation No Ixrrent or deferred taxation arises as tha charity has been granted charitable exemption. Irrecoverable valuèd added tax is expènsed as incurred. PERIOD OF FINANCIAL STATEMENTS The financial statements are for the 15 tnonth period ended 31 March 2026. INCOME DONATIONS AND LEGACIES Unrestricted Restrictsd Funds Funds Mar 26 D8c 24 Donations and legaciès 48,292 48,292 25.387 CHARITABLE ACTIVITIES Unre¥tricted Restrletèd Fund Funds Mar 26 Dec 24 Grants from goVernM*r and other co4unders.' Income from charitablè activities BO,929 80,929 73,731 OTHER INCOME Unrestrictsd Restricted Funds Funds Mar 26 Dec 24 other income 6,111 6,111 EXPENDITURE RAISING FUNDS Direct Costs Other Costs Support Costs Mar 26 Dec 24 Raising fund8 8.310 8,310 5,437 11
HOPE MAGHERAFELT continued IA company limited by ouarantee, not haviryg a 5har• capital) NOTES TO THE FINANCIAL STATEMENTS for the financ81 period ended 31 March 2026 CHARITABLE ACTIVITIES Dirèct Costs Othgr Costs Support Cogts Iitar 26 Dec 24 Expenditure on charitable activrtes Govemance Costs INote 5.41 23,499 47.37S 2,672 21171 79,425 12.927 52,974 32,050 70.874 2,672 32,050 105,596 65,901 OTHER EXPENDITURE Dir•ct C08ts Other Costs Support Costs Mar 26 Dec 24 Other èxpenditure 24.167 24,167 29,727 GOVERNANCE COSTS DSrect Costs Oth¢r osts Support Costs Mar 26 Dec 24 CharitaNe activrties- govemance Ix>$ls 47.375 32,050 79,425 52.974 SUPPORT COSTS Cost of Governance Raising Costs Funds Mar 26 Dec 24 Support 8,310 32,050 40,360 32,368 ANALYSIS OF SUPPORT COSTS Mar 26 Dec 24 Support 40,360 32,368 NET INCOME Mar 26 Dec 24 Net Income is stateil aft•r char9ingll¢redltlngl.' Depreciation ol tangible assets Independent Examiner's remuneration". - tsx 8dvisory services 13,554 14,354 1.450 2,4C 12
contlnued HOPE MAGHERAFELT IA Gompany limltèd by uuarantee, not havirkg a sha ¢apFtall NOTES TO THE FINANCIAL STATEMENTS for the finanaal period ended 31 March 2026 EMPLOYEES AND REMUNERA TION Number of employ$ The average number of pèrsons employed lincluding execubve trustees) durlng the finanaal period was as follows Mar 26 Number Dec 24 NuMr Administration Direot The staff cA)sts comprise". Mar 26 Dec 24 Wages and salari&s Pension costs 77,791 1,634 52,072 902 79,425 52.974 TANGIBLE FIXED ASSETS Short Fixtures, leasehold fitting8 and property equlpment Total Cost At 31 March 2026 114,714 14,519 129,233 Dèpr•ci8tion At 1 January 2025 Charge lor th8 linan81 period 23,114 11,450 12,199 2,104 35,313 13.554 At 31 Marth 2026 34,564 14.303 48,867 N¢t book value At 31 March 2028 80,150 216 80,366 At 31 December 2024 91.6C 2,320 93,920 10. DEBTORS Mar 26 Dec 24 Prepayments and awrued income 1,460 11. CREDITORS Amounts falling due wlthln on* year Mar 26 De¢ 24 Taxats'on and social seeurty costs Accruals and defeiied incorne. Pension accrual Other accruals 1,820 557 296 1,200 296 1.200 3.316 2,053 13
Ix>ntinued HOPE MAGHERAFELT IA Company Ilmltod by guarant, not havlng a share Capitall NOTES TO THE FINANCIAL STATEMENTS for the finanual period ended 31 March 2026 11 RESERVES Funds Total At the beginning of the year Defiryt for the finanual perio 118.304 1.182 119.48e (2,7411 12,7411 At the end of the year 12,7411 118,304 1,182 116,745 13. FUNDS 13.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Restricted Funds Fund8 Total Funds At 1 January 2024 Movement during the finanaal year 12.622 111,4401 108.811 9,493 121.433 11,9471 At 31 December 2024 Movement durSng the fin8n¢i81 year 1,182 6,074 118,304 18,8151 119,486 12,7411 At 31 Marth 2026 7,256 109,489 116,740 13.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 January 2025 Income Expenditurg TranT$ bfften funds Balance 31 March Mar 26 Restrlcted funds Restricted Unrestrlcted funds UnrestnGted General 118.304 80.929 89,744 109.489 1.182 54.403 48,329 7.256 Totsl fvn(ts 119.486 135,332 138,073 116.745 13.3 ANALYSIS OF NET ASSETS BY FUND Fixed assets - ¢harity usè Current assets Curiènt Total Restricted trust funds 80.3f 37,089 117,455 Unrestricied general fvnds 2,6C 13,3161 17101 80,366 39,695 13.3161 116,745 STATUS The tharity 1$ 8 ¢omp8ny limited by guarantee not having a sharè c2prta1. The liatility of the members is lirnited. Every mèmber of the company undertakes to contributè tts the assets ol the company in the event ol its being wound up while they are members. or wthin one financial period thearter, lor the payment of thé debts and liabilities of the company contracted before they ceased to be members, and the costs, charges and expenses of wnding up, and for the adiuslment of the rights of the cor)tribulors among themselves. sueh amount as may be required, not exedIng £ 1. 15. POST.BALANCE SHEET EVENTS There have been no signific2nt event5 affecting the Charty Since the financial period-end. 14